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BUSINESS BRIEFS.(TO THE POINT)
LEISURE
Trump Hotels in need of cash fix
Donald Trump's hotel and casino company won't be able to continue as a "going concern" unless it receives a $400 mil cash infusion from Credit Suisse First Boston's buyout arm, said auditors Ernst & Young. The deal would remove real estate mogul Trump as CEO of the firm, would reduce his stake to a minority holding, and would refinance the firm's $1.8 bil in debt. Trump Hotels fell 11% to 2.40.
TECHNOLOGY
ATI Technology blows past views
The graphics chipmaker made 19 cents a share, reversing a year-ago loss of 4 cents a share and beating views by 9 cents, on a 48% rise in revenue to $463.3 mil. Gross margins rose 5.9% to 34.8% of revenue. Founder and CEO K.Y. Ho will step down in June, handing the company's reins over to President and COO Dave Orton. ATI shares edged up to 16.36. More on A4.
Oracle defends buyout bid to EU
- Judge approves interim financing plan for Trump Hotels & Casinos.
- Newspaper article from: The Philadelphia Inquirer (Philadelphia, Pennsylvania) (via Knight-Ridder/Tribune Business News) December 16, 2004 700+ words
...agreement," Wizmur said. Trump Hotels, the company that runs...they currently own. Trump Hotels shares yesterday closed at $1.48, up 1 cent. Morgan Stanley, the...in Atlantic City, and Trump Hotels' 25 percent interest...
- NEW YORK INVESTOR HAS STAKES IN ASCENT, TRUMP HOTELS FUNDS CONTROLLED BY MARIO...
- Newspaper article from: Rocky Mountain News (Denver, CO) August 9, 1997 700+ words
...Inc.: $11.69, down 31 cents. Ticker symbol: GOAL Market...Entertainment Group Inc. and Trump Hotels & Casino Resorts Holdings...companies are raising money. Trump Hotels plans to open a casino in...shares, of New York based-Trump Hotels, according to a 13D form...
- SEC May Penalize Trump Hotels Firm for Misreporting Monetary...
- Newspaper article from: Knight Ridder/Tribune Business News Jenkins, Patrick August 16, 2000 700+ words
...earnings statement issued by Trump Hotels last October was misleading...than a onetime gain. Trump Hotels is the publicly held...at $2.88, down 6 cents. The transaction concerned...gain of $17 million but Trump Hotels indicated in a press...
- Trump Hotels and Casino Resorts Stock Slips Further.
- Newspaper article from: Knight Ridder/Tribune Business News Jenkins, Patrick July 13, 1999 700+ words
...Street wasn't listening. Stock in Trump Hotels and Casino Resorts, which hit a...reduced to $6.5 million, or 29 cents a share, from $11 million, or...president and chief executive officer of Trump Hotels, promised just that. "The properties...
- Trump Hotels & Casino Resorts Announces Joint Venture with Colony Capital, Inc....
- Press release article from: PR Newswire January 20, 1997 700+ words
...YORK, Jan. 20 /PRNewswire/ -- Trump Hotels & Casino Resorts, Inc. (NYSE: DJT) and Trump Hotels & Casino Resorts Holdings...equity interest in Trump's Castle. Trump Hotels & Casino Resorts Holdings will...
- Trump Hotels & Casino Resorts Announces Termination of Negotiations Regarding...
- Press release article from: PR Newswire March 27, 1997 700+ words
...NEW YORK, March 27 /PRNewswire/ -- Trump Hotels & Casino Resorts, Inc. (NYSE...New Jersey, have been terminated. Trump Hotels stated that it intends to complete its...a new hotel tower at the property. Trump Hotels separately announced that the plaintiffs...
- Trump Hotels & Casino Resorts Files 8-K on Proposed Castle Joint Venture...
- Press release article from: PR Newswire January 22, 1997 700+ words
...NEW YORK, Jan. 22 /PRNewswire/ -- Trump Hotels & Casino Resorts, Inc. (NYSE...Board of Directors of Trump's Castle. Trump Hotels & Casino Resorts Holdings, L...and chief executive, respectively. Trump Hotels & Casino Resorts will control...
- Trump Hotels & Casino Resorts, Inc. Announces Management Changes
- Press release article from: PR Newswire May 30, 1997 700+ words
...NEW YORK, May 30 /PRNewswire/ -- Trump Hotels & Casino Resorts, Inc. (NYSE...Vice President of Corporate Finance of Trump Hotels & Casino Resorts, Inc. He formerly...President and Corporate Treasurer of Trump Hotels & Casino Resorts, Inc. Ribis...