Top News & Analysis Las Vegas

  • NEW YORK, May 19- A lawyer for Carl Icahn said on Thursday that the billionaire activist investor was never accused of any wrongdoing as part of an insider trading probe that involved the former chairman of Dean Foods Co, Las Vegas betting legend William "Billy" Walters and famed golfer Phil Mickelson. Icahn has never been accused of any wrongdoing and as he has said...

  • NEW YORK, May 19- In the month since Prince died and his heirs began wrangling over his estimated $300- plus million estate, many Americans have moved "draft a will"- arguably one of life's most unpleasant tasks- to the top of their to-do lists. Since then, Nolo.com, a legal information site, saw a 24 percent spike in sales for its downloadable WillMaker service, 42 percent...

  • NEW YORK, May 19- U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted over $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas sports...

  • May 19- U.S. prosecutors on Thursday accused a former chairman of Dean Foods Co and a Las Vegas gambler of insider trading in a years-long scheme that allegedly generated tens of millions of dollars of illegal profits. Thomas Davis, the former Dean Foods chairman, and William "Billy" Walters each face securities fraud, wire fraud and conspiracy charges.

  • May 19- Real estate investment trust Sovran Self Storage Inc said it had agreed to buy privately owned self storage operator LifeStorage LP for about $1.3 billion in cash to enter markets including northern California, Las Vegas and Nevada. Wells Fargo Securities LLC and SunTrust Robinson Humphrey are Sovran's financial advisers for the deal, while Phillips...

  • BOSTON, May 18- Boaz Weinstein's hedge fund Saba Capital has been pulling in new money this year even as many rival investors are being asked to return cash to their clients. An anchor investor wrote a $70 million check in February while other clients have put in $20 million, the person said. To be sure Saba's assets are still far below its roughly $6 billion peak,...

  • *Sharp rise of India's middle class, large China market. ANTWERP, May 18- Mining group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch. But it remains the largest diamond producer by value ahead of Russia's Alrosa,...

  • Mark Cuban

    Billionaire Mark Cuban offered to be Hillary Clinton's running mate, reports Recode.

  • The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas this week, where a group of money managers humbled by losses or meager returns acknowledged that they needed to do more to satisfy investors. "Expectations about a hedge fund manager's way of conducting business has become more demanding- and perhaps rightfully so," Kenneth...

  • Lykouretzos was one of a handful of prominent managers speaking at the annual SkyBridge Alternatives Conference in Las Vegas, four months into a difficult year where the average hedge fund has lost money and some big-name investors are rethinking their commitment to them. Fears about a possible recession in the United States and slower growth in China have...

  • 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...

  • Hyperloop One is on track to build the first Hyperloop by 2020.

    CNBC's Phil LeBeau reports from inside the Hyperloop One's first test steel tube, with Hyperloop One CEO Rob Lloyd.

  • 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.