Tracinda Corp.

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• Kerkorian builds stake in Ford, seeks more

  - 2008-04-28

  NEW YORK AFP — Billionaire Kirk Kerkorian said Monday he has built a 4.7 percent stake in Ford Motor Co. and is seeking another one percent, saying the troubled automaker is making "meaningful traction in its turnaround efforts." In a statement, Kerkorian's personal holding company Tracinda Corporation said it...

  Tags: FINANCE, Ford Motor Co., Investment, Kerkorian, Manufacturing, Tracinda Corp.

• Kerkorian plans to sell 14 million of his GM shares

  - 2006-11-23

  DETROIT -- Billionaire investor Kirk Kerkorian may have decided that casinos are a better bet than cars. The dissident General Motors Corp. shareholder said Wednesday that he will slash his stake in the troubled automaker by selling 14 million shares for about $462 million. The sale,...

  Tags: FINANCE, General Motors Corp., Investment, Manufacturing, Tracinda Corp.

• Billionaire investor takes GM stake back up

  - 2006-01-25

  NEW YORK AFP — Billionaire investor Kirk Kerkorian's holding company said it had bought 12 million shares of troubled General Motors Corp. to take its total stake back up to 9.9 percent. After selling 12 million GM shares in December for tax purposes, Tracinda Corp. said in a Securities...

  Tags: FINANCE, General Motors Corp., Kerkorian, Manufacturing, Taxes, Tracinda Corp.

• Kerkorian aide: Dividend cut would help GM turnaround

  - 2006-01-11

  Billionaire investor Kirk Kerkorian's top aide said yesterday that General Motors Corp. should cut its $1.1 billion annual dividend in half and speed plans to lower costs after the stock fell 43 percent in the last year. The aide, Jerome York, also said Kerkorian was interested in buying more...

  Tags: dividend, FINANCE, General Motors Corp., Manufacturing, Tracinda Corp.

• British Judge Upholds One Lipitor Patent: CDMJ, WNWG, PFE, GM.

  - 2005-10-13

  M2 PRESSWIRE-13 October 2005-SessionsIR.com: British Judge Upholds One Lipitor Patent: CDMJ, WNWG, PFE, GMC1994-2005 M2 COMMUNICATIONS LTD RDATE:13102005 Stocks in the News: Consolidated American Industries Corporation (OTC: CDMJ), Wentworth Energy Incorporated, Pfizer Incorporated (NYSE: PFE), General Motors Corporation (NYSE: GM)...

  Tags: General Motors Corp., Manufacturing, NYSE Euronext, Pfizer Inc., Tracinda Corp.

• Kerkorian's Tracinda Corp. boosts stake in GM to 7.2%

  - 2005-06-09

  DETROIT -- Tracinda Corp., the investment firm run by billionaire investor Kirk Kerkorian, said Wednesday it had boosted its stake in General Motors Corp. to 7.2 percent a day after GM unveiled a strategy aimed at reviving the world's largest automaker's profits. Kerkorian's Tracinda purchased 18.9 million shares...

  Tags: General Motors Corp., Kerkorian, Manufacturing, Strategy, Tracinda Corp.

• Billionaire Kerkorian boosts GM stake to 7.2 percent

  - 2005-06-08

  NEW YORK AFP — Billionaire Kirk Kerkorian has boosted his stake in General Motors to 7.2 percent after a surprise share offer for the struggling auto giant, his holding company announced. Kerkorian's Tracinda Corp. said the offer, which expired at midnight Tuesday, resulted in the purchase of an estimated...

  Tags: FINANCE, General Motors Corp., Manufacturing, Tracinda Corp.

• GM 'neutral' on Kerkorian's bid to double his stake

  - 2005-05-19

  NEW YORK AFP — General Motors said it was "neutral" on the offer by billionaire Kirk Kerkorian earlier this month to buy 28 million GM shares and more than double his stake in the troubled auto giant. "General Motors Corporation announced today that its Board of Directors has determined...

  Tags: General Motors Corp., Manufacturing, Tracinda Corp.

• GM stock soars 18% after offer

  - 2005-05-05

  DETROIT -- Investors in troubled General Motors Corp. were betting Wednesday that 87-year-old billionaire Kirk Kerkorian's surprise proposal to acquire a large stake in the company could be a catalyst for better times at the world's largest automaker. GM shares soared more than 18 percent Wednesday after Kerkorian's...

  Tags: FINANCE, General Motors Corp., Manufacturing, stock, Tracinda Corp.

• Kerkorian makes play for GM shares

  - 2005-05-04

  NEW YORK AFP — Billionaire Kirk Kerkorian's holding company announced plans to buy up to 28 million shares of General Motors, sending shares of the struggling automaker skyward. The offer from Kerkorian's Tracinda Corp., known for its buyout efforts, is 31 dollars a share, or about 868 million dollars....

  Tags: FINANCE, General Motors Corp., Manufacturing, Tracinda Corp.