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Latest Kirk Kerkorian Stories

2006-04-03 18:11:38

By Dan Whitcomb LOS ANGELES (Reuters) - John McTiernan, director of "The Hunt for Red October" and "Rollerball," was charged on Monday with lying to the FBI in the Hollywood wire-tap investigation surrounding celebrity sleuth Anthony Pellicano. McTiernan, who also produced and directed "Die Hard 3," became the 14th defendant to face charges in a far-reaching federal case that has become a major Hollywood scandal and threatens to spill the motion picture community's secrets. The...

2006-03-17 19:31:42

By Dan Whitcomb LOS ANGELES (Reuters) - A California man on Friday admitted paying ex-private eye Anthony Pellicano to intercept phone calls, becoming the first defendant to say in open court he hired the onetime celebrity sleuth to engage in wiretapping. George Kalta, one of 13 people charged so far in the federal wiretap case surrounding Pellicano that has become a major scandal in Tinseltown, implicated the Hollywood gumshoe before a federal judge as he pleaded guilty to...

2006-02-21 17:43:46

By Dan Whitcomb LOS ANGELES (Reuters) - A top Los Angeles lawyer pleaded not guilty on Tuesday to federal charges that he paid celebrity sleuth Anthony Pellicano to wire-tap billionaire Kirk Kerkorian's ex-wife. Terry Christensen, a longtime attorney for Kerkorian and the biggest name so far charged in the investigation of Pellicano, a case that has riveted Hollywood, entered his plea during a brief hearing in Los Angeles. Christensen, 65, is accused of paying Pellicano $100,000 to...

2006-02-15 19:36:45

By Dan Whitcomb LOS ANGELES (Reuters) - In the latest twist in the federal wiretap case surrounding celebrity sleuth Anthony Pellicano, a top Los Angeles lawyer was charged on Wednesday with paying Pellicano to eavesdrop on the ex-wife of billionaire Kirk Kerkorian. Terry Christensen, a longtime attorney for Kerkorian and name partner in a firm that has represented entertainers such as Barbra Streisand, Elton John, Sean Connery and Kim Basinger, was charged with conspiracy and...

2006-02-15 17:22:47

By Dan Whitcomb LOS ANGELES (Reuters) - A high-profile Los Angeles attorney who represented billionaire financier Kirk Kerkorian in a 2002 child custody fight was indicted on Wednesday in a federal wiretapping investigation surrounding celebrity sleuth Anthony Pellicano. Terry Christensen, a name partner in a leading Los Angeles law firm, was charged with conspiracy and wiretapping in a superseding indictment that also levels two more counts against Pellicano. The new indictment...

2006-02-07 09:30:00

DETROIT -- General Motors Corp. on Tuesday halved its dividend, the first cut in more than 13 years, and slashed executive pay as it struggles to save money after a year of billions of dollars in losses. GM's board of directors -- which had been under pressure to make these moves from Kirk Kerkorian, its largest single shareholder -- cut the dividend to an annual rate of $1 a share, saving about $565 million a year. At the same time, Chairman and Chief Executive Rick Wagoner's salary will be...

2006-02-07 09:07:42

DETROIT (Reuters) - General Motors Corp. on Tuesday cut its dividend for the first time in more than 13 years as it struggles to save money after a year of billions of dollars in losses. GM's board of directors cut the dividend in half, to an annual rate of $1 a share, saving about $565 million a year. At the same time, Chairman and Chief Executive Rick Wagoner will see his salary cut in half, while Vice Chairmen John Devine, Robert Lutz and Fritz Henderson will see their salaries...

2006-01-26 09:51:24

DETROIT (Reuters) - General Motors Corp. posted a fourth-quarter net loss of $4.8 billion on Thursday, much worse than Wall Street had expected, amid high costs, shrinking market share and sluggish sales of sport utility vehicles. It was the fifth straight quarterly loss for the world's largest automaker and brought its losses for all of 2005 to $8.6 billion. "The numbers are much worse than I thought they would be, especially given how Ford beat the estimates earlier this week,"...

2006-01-26 09:50:00

DETROIT -- General Motors Corp. posted a fourth-quarter net loss of $4.8 billion on Thursday, much worse than Wall Street had expected, amid high costs, shrinking market share and sluggish sales of sport utility vehicles. It was the fifth straight quarterly loss for the world's largest automaker and brought its losses for all of 2005 to $8.6 billion. "The numbers are much worse than I thought they would be, especially given how Ford beat the estimates earlier this week," Argus Research...

2006-01-10 15:50:00

By Tom Brown DETROIT -- An adviser to Kirk Kerkorian, the billionaire Las Vegas casino mogul who is the biggest individual investor in General Motors Corp., on Tuesday told the automaker to step up efforts to stanch its mounting financial losses. Saying it was time for GM "to go into crisis mode," Jerome York, a former Chrysler Corp. chief financial officer, urged the ailing automaker to sell off or close noncore businesses and assets and halve its $2 annual dividend, which costs the company...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.