Word: harrah
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...downturn's effects are visible everywhere: Harrah's recently halted construction of a $700 million casino project on Mississippi's Gulf Coast, leaving barely a set of pillars, and threatening the recovery of an area battered by a series of hurricanes earlier this decade. Meanwhile, bankers in Charlotte, N.C., are awaiting their walking papers: No one knows how many of Wachovia's roughly 20,000 employees there will be cut in the company's merger with Wells-Fargo. Or how many of Bank of America's 15,000 Charlotte employees will survive the company's plans to shed some...
...ever were in the 1980s. From 2005 through mid-2007, PE firms - loaded with cash from pension funds, college endowments and sovereign wealth funds, and able to borrow trillions more from banks and bond investors - went on an unprecedented buying spree, snapping up the likes of Chrysler, Dunkin' Brands, Harrah's, Hertz, and Hospital Corp. of America in hopes of later selling them to the public or to another company or even to another PE fund. (See pictures of the remains of Detroit...
Wined-Up. During Mardi Gras season, the Besh Steakhouse at Harrah's New Orleans Casino will add unlimited pours from a selection of 20 wines to any meal Monday through Wednesday nights for just $20.09. Better be careful if you plan to play baccarat after dinner. 8 Canal Street...
...Inside Harrah's Casino, one of New Orleans' main tourist attractions, men and women are pounding away at slot machines, puffing on cigarettes and freely ordering cocktails, seemingly oblivious to the economic crisis sweeping much of the country. Maybe it's all an escape. "Oh, I don't spend that much," says Linda Buggee, 60, while walking through the casino's front doors on a recent balmy afternoon. The Palm Beach County, Fla., paralegal was eager to add to the thousand of dollars she's won in recent days. "I've been lucky," she says...
...Bach, president of Microsoft's entertainment and devices division, realizing a second too late that he's making a pun. "If you just go through any business, you can find applications." Milan will start showing up in public this fall; the first units will be information kiosks in the Harrah's family of casinos...