Tracinda Corp.

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• Tracinda to Focus on Gaming & Hospitality and Oil & Gas Industries and Reduce Ford Holdings

  - 2008-10-21

  LOS ANGELES -- Tracinda Corporation today announced that in light of current economic and market conditions, it sees unique value in the gaming and hospitality and oil and gas industries and has, therefore, decided to reallocate its resources and to focus on those industries. Accordingly, Tracinda stated that on...

  Tags: Ford Motor Co., Games, SALES, Strategy, Tracinda Corp.

• Billionaire Kerkorian cuts his GM stake further

  - 2006-11-30

  NEW YORK AFP — Billionaire investor Kirk Kerkorian announced a further cut in his shareholdings in US auto giant General Motors after failing to nudge GM into a global alliance with the Renault-Nissan group. Kerkorian, through his Tracinda Corp holding company, offloaded 14 million GM shares on Tuesday, according to...

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

• Kerkorian to cut stake in GM

  - 2006-11-22

  NEW YORK AFP — Billionaire investor Kirk Kerkorian announced he had cut his stake in General Motors after failing to engineer a global alliance of the US auto giant with the Renault-Nissan group. Kerkorian's personal holding company, Tracinda Corp. announced that it had reduced its stake in GM to 7.4...

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

• Kerkorian's share of GM may top 10%

  - 2006-09-29

  DETROIT -- Billionaire investor Kirk Kerkorian pressed his case for a three-way alliance of General Motors Corp., Renault and Nissan on Thursday, backing up his argument with a threat to push his GM holdings to more than 10 percent. Kerkorian's Tracinda Corp. broke the news in a filing...

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

• Kerkorian may buy up to 12 million more GM shares, continues to

  - 2006-09-28

  DETROIT -- General Motors Corp. dissident shareholder Kirk Kerkorian has told GM he is interested in buying up to 12 million more shares of the company as he presses the automaker to enter a three-way alliance with Renault and Nissan. GM shares soared to a 52- week high on the...

  Tags: alliance, General Motors Corp., Renault, Strategy, 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.