Kirk Kerkorian



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Casino Stock Winners and Losers: MGM

MGM Mirage shares rise as Kirk Kerkorian increases his stake and a JPMorgan analyst raises his price target.

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Icahn plan for MGM would include Kerkorian-source

LOS ANGELES, April 17 - A plan for the restructuring of MGM Mirage, suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majorit

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Former GM Board Member: 'I Told You So'

Tyler Durden submits: Kirk Kerkorian's former watchdog on General Motors' (GM) board of directors is apparently dying to say " I told you so " when discussing GM's faulty strategy. Said strategy is currently costing taxpayer billions to keep the zombie car maker on life support. Jerry York however, had little to say about how Tracinda lost boatloads of money in failed investments with both...

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MGM Mirage Could Default on its Debt

The gambling company, owned by billionaire investor Kirk Kerkorian, said it may default on its debt amid development of its biggest casino project ever, the $8.6 billion CityCenter in Las Vegas.

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They Just Don't Get Ford!

Marek Fuchs tackles coverage of Kirk Kerkorian's Ford sale that does not mention his margin troubles.

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Kerkorian dumps entire stake in Ford

Filed under: Ford Motor (F) Back in October I wrote that super investor Kirk Kerkorian has slashed his stake in Ford Motor Company (NYSE: F ) by a few million shares but in a press release, Kerkorian's Tracinda was careful to note that "in light of current economic and market conditions, it sees unique value in the gaming and hospitality and oil and gas industries and has, therefore, decided...

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Kerkorian sells remaining Ford shares

Billionaire investor Kirk Kerkorian has sold his remaining shares in Ford Motor, according to a spokeswoman for his investment ...

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Ford (F): Kerkorian No Longer Considered "Smart Money"

Kirk Kerkorian used to be considered "smart money". He wears a dunce hat now that Ford (F) is back near $2. According to his investment firm, Tracinda Corp.,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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Investor Kerkorian no longer holds Ford shares

DETROIT (MarketWatch) -- Billionaire investor Kirk Kerkorian, who had once pledged his support and confidence in Ford Motor Co. , has sold all of his remaining shares in the auto maker. Kerkorian's Tracinda Corp. no longer owns any shares in Ford, a Tracinda spokesperson said Monday. Tracinda, which had sold 7.3 million shares of Ford common stock in October, warned that it could continue dumping its...

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Money losers of 2008: Kirk Kerkorian takes hits from MGM and Ford

Filed under: Ford Motor (F) , General Motors (GM) , Entrepreneurs This post is part of our feature on Money Losers of 2008 . See all 20. Our series of Money Losers for 2008 has its share of millionaires and billionaires on it. Personally, I think that is just wrong. While these people may have lost billions of dollars this past year, it doesn't seem fair to call them money losers. They will certainly...

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NATION: Hollywood Wiretap Lands Lawyer in Jail

Wiretapping scheme targeted former wife of MGM mogul Kirk Kerkorian.

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Kerkorian won't up stake in oil firm

Billionaire investor Kirk Kerkorian's Tracinda Corp. said Thursday it is dropping a plan to boost its stake in Delta Petroleum, citing the steep decline in Delta's share price and uncertainty in the stock market.

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Kerkorian cuts his Ford stake to 4.89%

Billionaire investor Kirk Kerkorian has reduced his stake in Ford (F) to 4.89% the past week, his investment company, Tracinda ...

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Thursday Options Update: MGM, CMCSK, URBN, LUK, GYMB & AMZN

Rebecca Engmann Darst co-authored this article. MGM Mirage (MGM) – Billionaire Kirk Kerkorian isn’t having much fun these days. Earlier this week he was forced to choose between his investment in the ailing auto industry through Ford and gaming interests in MGM Mirage. He said he sees more opportunity in gaming and leisure than in cars and as such is ditching his holdings in Ford to free...

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Kerkorian sells down his Ford stake

In a sharp change of strategy, Kirk Kerkorian, the US billionaire, is selling down his stake in Ford Motor because he sees more value in his core gambling holdings. The move is a fresh blow for the struggling US carmaker