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Feb 24, 2012

Exclusive: Okada refuses meeting on eve of Wynn ouster

LOS ANGELES (Reuters) – Japanese investor Kazuo Okada, embroiled in a legal battle with Wynn Resorts CEO Steve Wynn, a long-time business partner, over alleged improper payments made to Philippine regulators, says he will not attend a Friday meeting scheduled to oust him from the board of Wynn Macau.

In a letter to the board of Wynn Resorts’ Macau unit, a copy of which was provided to Reuters, Okada disagreed with that impending decision and said his attendance would be meaningless as his ejection at the Macau meeting was all but certain.

Feb 24, 2012

Caruso, Torre pull Dodgers bid: source

LOS ANGELES (Reuters) – Los Angeles developer Rick Caruso and former Dodgers manager Joe Torre have withdrawn their joint bid to buy the Los Angeles Dodgers baseball team, a person familiar to the bidding process said on Thursday, the day that second-round bids were due.

That source and another source close to the situation said Caruso and Torre backed out due to team owner Frank McCourt’s refusal to include the Dodger Stadium parking lots in the sale. The storied team is expected to be sold by late April.

Feb 22, 2012

Exclusive: Wynn aims to kick Okada off Macau board Friday

LOS ANGELES (Reuters) – Casino mogul Steve Wynn will convene an emergency meeting of the directors of Wynn Macau on Friday with the goal of kicking his former friend and partner Kazuo Okada off the board, according to two sources familiar with the matter.

The growing battle between Wynn Resorts CEO Wynn and co-founder Okada is set to escalate another notch, after both billionaires traded accusations in past weeks about improper payments to foreign gambling regulators.

Feb 13, 2012

Grammys fashion ranges from surreal to sublime

LOS ANGELES (Reuters) – The show must go on. Despite Whitney Houston’s shocking death a day earlier, music stars came out to celebrate Sunday’s Grammy Awards with typical red carpet flash and over-the-top fashion.

Several artists exuded glamour, including Carrie Underwood, nominated for best country solo performance, who arrived shimmering in a silver Gomez-Garcia gown with a Swarovski black clutch. Other musicians raised eyebrows, including up-and-coming Russian-born singer Sasha Gradiva, who wore a soft pink mermaid shaped gown that featured a machine-gun adorned sleeve.

Feb 11, 2012

Music stars honor Paul McCartney at Grammy event

LOS ANGELES (Reuters) – Ex-Beatle Paul McCartney racked up yet another honor on Friday when he received the MusiCares’ 2012 Person of the Year award at a star-studded ceremony hosted by Grammy organizers ahead of this weekend’s major music awards.

The line-up of artists celebrating the former member of the Fab Four at the charitable affair included veteran artists Neil Young and James Taylor, singers Katy Perry, Norah Jones, Alicia Keys and Diana Krall, and pop rockers Coldplay and Foo Fighters,

Feb 9, 2012

Second round Dodgers bids due about Feb 23: sources

LOS ANGELES (Reuters) – The second round of bids for the highly sought after Los Angeles Dodgers baseball team is due around February 23, according to several people familiar with the process.

The Dodgers are expected to fetch more than $1.5 billion, a record for a baseball team, and have attracted an impressive lineup of sporting and financial moguls, ranging from Magic Johnson to hedge fund billionaire Steve Cohen. Terms of a settlement between Major League Baseball and team owner Frank McCourt stated that McCourt must sell the team by April 30.

Feb 8, 2012

Grammy spotlight shines on Adele

LOS ANGELES (Reuters) – The Grammys in recent years have targeted young audiences even as older acts won key awards to the surprise of some music fans, but this Sunday’s honors will shine its spotlight on Adele, whose popularity crosses all age boundaries.

The soulful British singer, whose album “21” has spawned massive hits like “Rolling in the Deep” and topped charts for 19 weeks, enters music industry’s biggest awards with six nominations, second only to rapper Kanye West with seven.

Feb 2, 2012

Kodak wants its name removed from Oscars venue

LOS ANGELES (Reuters) – Eastman Kodak eased away from the Hollywood spotlight on Wednesday, asking to have its name removed from the theater that hosts the Oscars.

The once dominant photography company has asked a U.S. bankruptcy court to void an estimated $4 million-a-year contract and remove its name on the famous Kodak Theatre in central Hollywood as Kodak tries to preserve cash and restructure operations.

Feb 1, 2012

Kodak requests name be removed from Oscars venue

LOS ANGELES, Feb 1 (Reuters) – Eastman Kodak Co
EKDKQ.PK has asked the U.S. bankruptcy court to void an
estimated $4 million-a-year contract to have its name on the
Hollywood theater that hosts the Oscars as the bankrupt
photography company tries to reduce its debt.

Kodak said in court documents that it was filing a motion to
reject the contract and that the theater should take all steps
necessary to remove Kodak’s naming rights and signage associated
with it.

Jan 28, 2012

Dodgers bids narrowed, suitors told promptly: sources

LOS ANGELES (Reuters) – The broad group of entrepreneurs and sporting figures bidding for the Los Angeles Dodgers has been narrowed and will be notified soon on whether they participate in the auction, according to two sources familiar with the process.

One source said the list has been whittled down and those excused will be notified promptly. Another source said the bidders could hear within the next 24 hours, or possibly as early as this evening.

    • About Susan

      "I cover the media sector, focusing mainly on Walt Disney Co and other big entertainment firms and the digital evolution that is currently reshaping that industry. Prior to this assignment, I covered the music industry, energy markets, commodity markets and corporate bonds. Before moving to Los Angeles in 1995, I held positions in the New York bureau and in Pittsburgh, PA."
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