Business & Finance News
MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the U.S. casino operator seeks to monetize its real estate assets and bolster its balance sheet.
Italian loss-making airline Alitalia won a commitment from toll-road operator Atlantia and state railways Ferrovie dello Stato (FS) on Tuesday to come to its rescue provided a number of conditions were met.
Nevada gaming regulators are seeking a ban on former Wynn Resorts Ltd chief Steve Wynn from the state’s casino industry, citing allegations of sexual misconduct that emerged a year ago, a regulatory filling showed.
MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the casino operator adopts an asset-light strategy to bolster its balance sheet.
Federal prosecutors in New York on Tuesday charged Turkey’s Halkbank with taking part in a multibillion-dollar scheme to evade U.S. sanctions against Iran.
Wells Fargo & Co reported lower profits on Tuesday as the bank braced for additional legal expenses tied to a scandal that erupted more than three years ago.
Trading in shares of WeWork in the private over-the-counter (OTC) market has almost ground to a halt, underscoring a loss of investor confidence in the office-sharing company and providing further evidence of its recent huge loss in value.
Stocks in Europe and on Wall Street jumped about 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economic fears.
Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher and Philadelphia’s board of pensions said it terminated its business with his firm after Fisher allegedly made disparaging remarks about women at a conference last week.
Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike – the latest twist in the telecom company’s battle to buy Liberty Global’s Swiss business.
United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX.
Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market.
Wall Street advanced on Tuesday as the third-quarter earnings season hit the ground running with a spate of upbeat reports that brought buyers back to the equities market.
Oil prices fell on Tuesday, as investors worried that the unrelenting U.S.-China trade war would keep squeezing the global economy, and that swelling U.S. crude inventories would further pressure prices.
Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was reviewing the $500 million Fisher’s firm manages for the mutual fund giant.
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