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  • LAS VEGAS, May 12- Scott Ferguson said on Thursday that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year. Ferguson's firm brought the investment to the attention of Pershing Square's William Ackman and both made an investment in 2014, Ferguson said in an...

  • LAS VEGAS, May 12- Scott Ferguson said that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year, in an appearance at the SkyBridge Alternatives Conference in Las Vegas on Thursday.

  • NORTH LAS VEGAS, Nev., May 11- A car-sized sled powered by electromagnets rocketed to more than 100 miles an hour through the Nevada desert on Wednesday in what the Los Angeles company developing the technology said was the first successful test of a futurist transit system called hyperloop. Hyperloop One is among several companies competing to bring to life a...

  • The ruling dealt a blow to Adelson and Las Vegas Sands Corp., whose lawyers argued that Clark County District Court Judge Elizabeth Gonzalez had a conflict of interest and should be removed. Attorneys for Jacobs, Adelson and Las Vegas Sands didn't immediately respond Wednesday to messages about the ruling. A Las Vegas Sands company spokesman declined to...

  • LAS VEGAS— Station Casinos parent company Red Rock Resorts Inc. has agreed to buy the off-Strip Palms resort for $312.5 million. Red Rock Resorts Inc. expects the resort will bring in $35 million in the first year of ownership. "With the acquisition of the Palms, we gain a leading gaming asset in Las Vegas with key strategic benefits in the Las Vegas locals market...

  • NORTH LAS VEGAS, Nev.— A low-profile block of aluminum zipped across a short stretch of what looked like railroad tracks Wednesday before crashing into a tuft of sand and sending a small cloud into the clear skies of the desert north of Las Vegas. It's going to change our lives, "CEO Rob Lloyd said a day earlier. Executives with the Los Angeles- based company said the...

  • LAS VEGAS, May 10- Hyperloop One, a Los Angeles company working to develop the futuristic transportation technology, on Tuesday announced the closing of $80 million in financing and said it plans to conduct a full system test before the end of the year. Hyperloop One builds off a design by Tesla and SpaceX CEO Elon Musk, who has suggested it would be cheaper, faster...

  • CHICAGO, May 6- Caesars Entertainment Corp said on Friday that it appointed a retired bankruptcy judge to the new role of chief restructuring officer after it warned it could be forced into Chapter 11 bankruptcy protection. Bankruptcy judge for the Southern District of New York in January, for the new role. Gerber presided over the General Motors bankruptcy in...

  • May 5- It took years of lawsuits and political battles for California to finally break ground last year on the nation's first bullet train, which aims to connect San Francisco to Los Angeles by 2029.. Companies in Texas, Minnesota and Nevada all plan to tap private cash from investors globally, with help from foreign train makers and governments eager to export...

  • May 5- It took years of lawsuits and political battles for California to finally break ground last year on the nation's first bullet train, which aims to connect San Francisco to Los Angeles by 2029.. Companies in Texas, Minnesota and Nevada all plan to tap private cash from investors globally, with help from foreign train makers and governments eager to export...

  • May 5- It took years of lawsuits and political battles for California to finally break ground last year on the nation's first bullet train, which aims to connect San Francisco to Los Angeles by 2029.. Companies in Texas, Minnesota and Nevada all plan to tap private cash from investors globally, with help from foreign train makers and governments eager to export...

  • Cashing in on Tesla

    CNBC's Phil LeBeau reports on a California ride service business that takes passengers around in Teslas.

  • April 27- Shares of Red Rock Resorts Inc fell 5 percent in their debut on Wednesday, valuing the Las Vegas- based casino operator at $2.14 billion. At the time, the company operated under the name Station Casinos. Station Casinos filed for bankruptcy in 2009, under the burden of debt from the leveraged buyout and a struggling Las Vegas economy.

  • *Wave of China electric vehicle start-ups. BEIJING/ DETROIT, April 25- Tomorrow's cars will be all-electric, self-driving, connected to high-speed communications networks... and free. "Tesla's a great company and has taken the global car industry to the EV era," Jia said in an interview at the Beijing headquarters of his Le Holdings Co, or LeEco.

  • UFC featherweight champion Conor McGregor

    He explained that he was upset with heavy promotional demands being made on him, reports the NYT.

  • NEW YORK, April 15- Sprint Corp said on Friday it has extended LTE Plus, a network improvement that offers customers its fastest network and higher data speeds to New York City and 190 other markets. Overland Park, Kansas- based Sprint has been giving customers half-off discounts to switch to its service and cutting costs to the tune of $2.5 billion by slashing jobs...

  • April 15- U.S.-based casino operator Red Rock Resorts Inc plans to raise as much as $569 million in an initial public offering, which could value the company at about $2.4 billion. Other companies currently marketing their IPOs include Dell- owned cyber security firm Dell Secure Works and MGM Growth Properties LLC, a real estate investment trust backed by...

  • April 12- Wal-Mart Stores Inc said on Tuesday that it was partnering with ChannelAdvisor Corp, a software company that aggregates retailers and brands for online marketplaces, in an effort to expand the number of products on its website. Seth Beal, head of Wal-Mart's online marketplace, said the retailer could expand the number of third-party sellers,...

  • April 12- Wal-Mart Stores Inc said on Tuesday that it was partnering with ChannelAdvisor Corp, a software company that aggregates retailers and brands for online marketplaces, in an effort to expand the number of products on its website. The deal should make it easier for the thousands of retailers and vendors that are working with ChannelAdvisor to get their...

  • April 8- Real estate investment trust MGM Growth Properties LLC will start marketing its U.S. initial public offering to investors on Monday, in a road show targeting as much as $1.2 billion in the largest IPO so far this year, sources said on Friday. MGM Growth Properties, backed by gaming and hospitality company MGM Resorts International Inc, said in a regulatory...