MGM

5 Companies That Are Still Losing Money

The economy may be ugly for workers, but most companies are making money. In fact, many Wall Street darlings are checking in with record profits. Then again, most doesn't mean all. Here are five notable companies that are losing money this year -- and possibly beyond.

Week Ahead: Earnings from Dell, Smucker's and More

Dell will highlight a handful of tech company results this week. Also reporting earnings will be food giants Smucker and Campbell Soup, also Marriott and other members of the lodging and hospitality industry, and the first of a long string of results from retailers.

Motorcycle Robber Steals $1.5M in Bellagio Casino Chips

An armed man stole as much as $2 million in casino chips from Las Vegas' Bellagio hotel-casino early Tuesday morning, then escaped, the Associated Press reported, citing Las Vegas police officials. No shots were fired and no one was injured.

MGM Proposes Bankruptcy Package

Movie studio Metro-Goldwyn-Mayer, home of movie franchises such as James Bond and The Pink Panther, proposed a bankruptcy plan that would reduce its debt by $4 billion and put the founders of Spyglass Entertainment in charge of the legendary studio. MGM said it is seeking lenders%u2019 votes for the plan, which would involve secured lenders exchanging more than $4 billion in debt for 95.3% of equity in the company once it emerges from Chapter 11, Reuters reported.

MGM Resorts May List Macau Gambling Venture in Hong Kong

MGM Resorts International (MGM) may list its Macau gambling venture on the Hong Kong stock market. MGM is a partner in MGM China holdings, a casino in a historic district of Macau, MarketWatch reported. The casino is a joint venture with Pansy Ho, daughter of Macau gambling kingpin Stanley Ho.

Why Netflix's Epix Deal Will Help It Find a Happy Ending

Netflix's deal with Epix to add movies from Paramount, Lionsgate and MGM to its Watch Instantly service's inventory drew bearish reactions from analysts and investors. But the needed deal will help Netflix gain a winning position in the long run.

Netflix, Epix strike programming deal

Strike another nail in the coffin of brick-and-mortar video stores. Netflix has agreed to pay $1 billion over the next five years for the online...

New James Bond Film Delayed 'Indefinitely'

The latest victim in Metro-Goldwyn-Mayer's financial melodrama is James Bond: The 23rd Bond film, which was tentatively scheduled for release in 2011 or 2012, has been "indefinitely" postponed as a result of MGM's precarious financial position.

Tony and Sir Ridley Scott: MGM's White Knights?

Talk about an odd plot twist. Big-budget film director brothers Tony and Sir Ridley Scott have emerged as possible bidders for Metro-Goldwyn-Mayer, the beleaguered studio which has been shopped around since late last year.

Vegas rolls the dice on CityCenter

The CityCenter development is a lot like Las Vegas -- about as subtle as a bull in a China shop. At a cost of about $11 billion, the largest...

Too many casinos in Macau?

Las Vegas Sands (LVS) and MGM Mirage (MGM) might have a long-term reason to welcome another new mega-casino in Macau, but, as they say, in the long...