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Kerkorian moves.


Kerkotian Moves: Billionaire investor Kirk Kerkorian's Tracinda Tracinda Corporation is a private investment corporation owned by Kirk Kerkorian. Major investments include majority ownership of MGM Mirage. Tracinda is headquartered on Rodeo Drive in Beverly Hills. The company is named after Kerkorian's daughters, Tracy and Linda.  Corp. sold 12 million shares of General Motors Corp. for federal and state tax purposes. Tracinda said it is eligible for "substantial" federal and California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  corporate income tax savings if it incurs a capital loss before the end of its fiscal year, and the loss will offset certain capital gains realized by Tracinda in an unrelated transaction. The sales left Kerkorian Kerkorian is a surname, and may refer to:
  • Gary Kerkorian (1930–2000), American football quarterback
  • Kirk Kerkorian (born 1917), American businessman and billionaire

This page or section lists people with the surname Kerkorian.
 and his investment arm with a total of 44 million shares, or a 7.8 percent stake in the automaker, down from a previous holding of a 9.9 percent investment stake.
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Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 2, 2006
Words:100
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Next Article:Reorganization announced.(THE LABJ Online Journal: Selected news published on labusinessjournal.com.)
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