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Top News & Analysis Las Vegas

  • NEW YORK, June 1- A dual Nigerian and British national has been charged with defrauding financial institutions out of more than $300 million by falsely representing his company as a thriving international oil and gas venture to obtain loans. Raheem Brennerman, chief executive officer of Blacksands Pacific Group Inc, was charged with bank fraud, wire fraud and...

  • A self-driving bus being tested in Helsinki.

    Europeans are using autonomous vehicles to improve existing public transit options such as subways and buses, N.Y. Times reports.

  • Steven Cohen, Point72 Asset Management

    The billionaire investor played craps, watched Duran Duran, gave a speech to veterans and schmoozed in Las Vegas.

  • May 19- Trump turmoil may not be enough- it will take an aggressive Federal Reserve to bring an end to the low volatility, rising stocks party. Given the Feds track record of managing for smooth and rising financial markets as if it were an actual mandate, this is another way of saying it will be a while. This followed reports that former FBI Director James Comey, fired...

  • LAS VEGAS, May 18- Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics. I've got something to prove, "the billionaire told a room full of hedge fund managers and investors at the annual SkyBridge Capital industry conference in Las Vegas, known as SALT. For Ackman, that setback was...

  • LAS VEGAS, May 18- Billionaire investor William Ackman, who invested with casual dining company Chipotle Mexican Grill Inc last year, said on Thursday that the company's Chief Executive Officer Steve Ells is "outstanding." Speaking at the annual SkyBridge Capital conference in Las Vegas, Ackman also said that hedge funds should deliver high returns or cut their...

  • Mallinckrodt shares hit a session low of $39.60 after the comments and were last down 3.5 percent. The U.S. Justice Department has been investigating Mallinckrodt along with other drug companies like Gilead, Valeant and Celgene for drug pricing practices. Earlier this year, Mallinckrodt agreed to pay $100 million to settle a lawsuit alleging that a company it...

  • LAS VEGAS, May 18- Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Loeb was speaking at the annual SkyBridge...

  • LAS VEGAS, May 18- Noted short-seller Jim Chanos on Thursday slammed the alliance between Express Scripts and Mallinckrodt Plc, saying their practices make drug prices excessively high. Chanos, speaking at SkyBridge Capital's SALT conference in Las Vegas, called the companies' use of third parties "a really questionable practice" and dubbed the partnership a "...

  • LAS VEGAS, May 18- Anthony Scaramucci was soaking up plenty of love this week at his high-profile hedge fund conference even as his political ambitions remained in limbo. The outspoken Wall Street figure in January agreed to sell his SkyBridge Capital LLC on the expectation of a public liaison job with U.S. The uncertainty over a White House position allowed...

  • LAS VEGAS, May 18- Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. Credit specialists Marc Lasry of Avenue Capital and Bruce Richards of Marathon Asset Management noted the relatively calm political climate there compared to the United...

  • LAS VEGAS, May 17- Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is "puzzled" by how little markets have reacted to major political risks, and skeptical about the Trump administration's ability to fulfill its pledges to stoke faster growth. "It puzzles me that markets are very blasé about political risk until the last minute," Bernanke...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned Howard Hughes...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company since...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing its strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing its strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management owns 8.85 percent of Howard...

  • May 2- First Solar Inc, the largest U.S. solar equipment manufacturer, posted a surprise profit, helped by the sale of the Moapa project and cost-cutting. The company said in March it sold the 250- megawatt Moapa project, located northeast of Las Vegas, to global private asset manager Capital Dynamics. The company said it expects full-year revenue of $2.85 billion-...

  • Small businesses in Brighton Beach, Brooklyn, New York.

    Immigrant entrepreneurs helped make NYC the top place for small business in America, toppling San Jose's lead, a Biz2Credit survey reveals.

  • CHICAGO, April 27- At least 10 major U.S. airports say their rules prevent security officers from physically removing passengers from airplanes unless a crime is committed, meaning they would normally avoid incidents such as the one involving the passenger dragged off a United Airlines flight in Chicago. Officials at 10 of the busiest U.S. airports- in Atlanta,...

  • WASHINGTON, April 26- Lawmakers in the U.S. House of Representatives on Wednesday debated resurrecting the stalled Yucca Mountain spent nuclear fuel dump in Nevada, a project critics say is hindered by the lack of an easy transport route. Representative John Shimkus, an Illinois Republican, has proposed draft legislation to restart the licensing of Yucca...