Word: businessness
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Dates: during 2000-2009
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Early this year, the company was in the grip of what Murren calls an "intense, very dire liquidity crisis." MGM Mirage's joint partner on CityCenter, the Dubai World subsidiary Infinity World, had sued MGM Mirage and stopped putting money into the project. Unable to find other sources of capital...
On March 27, the consortium of banks approved the loan by the narrowest of margins - 50.43%. It proved to be the first step in putting CityCenter back in business. Had it gone under, Murren says, it's "very possible" MGM Mirage would have been brought down too. And the financially...
Magnitsky's death has triggered a wave of public discussion in Russia - reaching as high as the Kremlin - about the squalid conditions in the country's jails and bureaucratic incompetence. But it has also renewed focus on an odious criminal practice that embodies what President Dmitry Medvedev describes as the...
Among other features, the new site features a navigation bar that distinguishes daily news from more long-term developments in management and business. The design element is to help promote and display greater debate, according to Macht.
In November, voters elected Dave Bing, the steel magnate and former NBA star, and five new city councilmembers. They face daunting challenges, starting with a budget deficit of at least $275 million and a nearly 30% unemployment rate. Detroit also needs to attract and retain a sizable middle class - of...