Word: investors
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Dates: during 2000-2009
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...animation spin-off is the latest chapter in the dismantling of DreamWorks, following the sale of its music business and exits from video games and Internet ventures. "They had the name recognition and horsepower to do magnificent things," says media investor Harold Vogel. A fairy-tale ending, however, appears to have been left onscreen. --By Daren Fonda
...other casino impresarios have brought sophistication to the new Las Vegas, MGM Mirage majority shareholder Kirk Kerkorian, 87, has supplied the scale. On three separate occasions over the past 35 years, the low-key billionaire investor has built the world's largest hotel on the Strip, most recently the mammoth 5,034-room MGM Grand in 1993. In the past five years, Kerkorian has ushered in a wave of consolidation, snapping up Steve Wynn's Mirage Resorts in 2000 and just last month agreeing to buy Mandalay Resort Group for $7.9 billion, including debt. A World War II pilot...
Jaroslav Kubera, the 56-year-old chain-smoking mayor of the Czech spa town of Teplice, is a man who likes to live and let live. A bookshelf in his office, for instance, bears a SMOKING PERMITTED sign. But these days a dispute pitting Arab investors against local people is making him smoke even more than usual. Kubera is in a tight spot. On one side are residents trying to stop a hotel and mosque from being built in the ancient resort town (pop. 53,000); on the other, private backers of the project who aim to invest...
...budget carriers starting up, they might be a bigger threat to each other than to the major carriers. Thailand has no fewer than seven low-cost operators. Tiny Singapore will be home to three: Valuair, Tiger Airways and an entry in which Australia's Qantas Airways is a major investor. Backed by powerhouse Singapore Airlines, Tiger plans to launch late this year on at least six routes. "We'll grow as quickly as we can and fly wherever we can," vows Stephen Johnson of Phoenix-based Indigo Partners, an investment company that owns 24% of Tiger. But for all these...
...this year, China and Hong Kong bought $167 billion of American securities (primarily U.S. treasuries and corporate bonds), while Japan bought $336 billion worth, according to the Asian Development Bank. Greenspan isn't the only one doing a double take. Last week Bill Gross, America's most influential bond investor, warned that the dollar could plunge by 20% if China and Japan stop supporting it by buying U.S. bonds. "Japan and China will change their stance," Gross told the Financial Times. "We don't know when, but we know they will." By investing in American assets on such a massive...