Aug 19- A federal appeals court on Wednesday refused to undo a central component of Tribune Co's bankruptcy plan in a defeat for prominent hedge fund Aurelius Capital Management LP, which claimed it was short-changed by the reorganization. By a 3-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said letting Aurelius, a specialist in distressed debt,...
The scarcity of pessimism may not be as contrarian a bearish sign as it appears.
"If you double the cost, there's no question that everybody will figure out ways to use less people," billionaire Sam Zell tells CNBC.
An entrepreneur has attracted investments from four billionaires: Sam Zell, Herb Simon, David Bonderman and "one family you've never heard of."
Equity Residential, whose chairman is Sam Zell, and AvalonBay Communities Inc on Wednesday both reported an increase in rents, but they were the smallest increases in at least three quarters.
Oct 8- The following are the top stories in the Wall Street Journal on Monday. *Government officials negotiating terms for the proposed merger of BAE Systems and Airbus parent EADS remain deadlocked over key issues including state ownership stakes.
ANN ARBOR, Mich.-- Billionaire developer Sam Zell is scheduled to speak this week at a gathering of more than 200 private equity, investment banking and business leaders at the University of Michigan. Zell is one of the keynote speakers Friday at the Michigan Private Equity Conference in Ann Arbor.
A compounding lack of confidence in the future has kept American companies from investing in their businesses and is leading the country back into recession, real estate mogul Sam Zell told CNBC.
CNBC's Rick Santelli & Steve Liesman discuss some provovative words from real estate mogul Sam Zell this morning on "Squawk Box."
Weighing in on the severity of the housing crisis and whether government programs can actually help relieve troubled mortgages, with Sam Zell, Equity Group Investments chairman, who says the hole in housing is significantly bigger today than it was when the crisis was discover pre-2007.
Columbia, Peru and Chile is where real-estate mogul Sam Zell is investing next, he told CNBC Monday.
In separate interviews, Ray Dalio of Bridgewater Associates, Warren Buffett, and Sam Zell all predicted that the dollar will face tough sledding in the months to come, affecting everything from Americans' standard of living to the growth of the smallest developing countries.
The US standard of living could drop 25 percent if the dollar loses its standing as the world's reserve currency, investor Sam Zell told CNBC.
The owner of the Tribune Company, Sam Zell, told CNBC Monday that he won’t be involved in the company once it emerges from bankruptcy.
It's been touted as one of the most difficult and disastrous media deals in recent memory. Even billionaire Sam Zell himself called it ... "the deal from hell."
Tribune Co. CEO Randy Michaels resigned Friday, pressured by tales of raunchy behavior that likened him to the ringleader of a college fraternity house.
Under Sam Zell, the Tribune Company was bankrupted by its debt, and employees describe a profane and alienating workplace, reports The New York Times.
Brazil is booming and brimming with business opportunities—“it’s US 1950”—billionaire businessman Sam Zell told CNBC Wednesday. He said if Brazil continues on the same course, he predicts it will be one of the top two countries for growth worldwide.
The worst of the residential housing market is over, Equity Group Investment Chairman Sam Zell told CNBC on Wednesday. But he said fraud was a major force behind the problems.
When Sam Zell announced he'd be selling the Chicago Cubs in 2007, many had speculated that the winning bid would be in the $1 billion range. But that didn't account for the fact that during the long drawn out negotiations, a huge economic crisis would hit, freezing up credit markets and making financing for a prospective owner a harder task.