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Magna Entertainment News

News on Magna Entertainment continually updated from thousands of sources around the net.

Saturday May 10 | Seeking Alpha

Magna: The Best Deal in the Auto Parts Lot

“In our opinion, [it's] the best deal on the lot”

Investors looking for a deal in auto industry stocks right now should park their money in Magna International Inc. via Seeking Alpha

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Thursday May 8 | Blood Horse

Magna Losses Drag Down MID

Date Posted: May 7, 2008 Last Updated: May 7, 2008 Photo: MEC Due primarily to losses by Magna Entertainment racetracks, MI Developments, the property arm of Canadian auto-parts empire Magna International, ... via Blood Horse

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Thursday May 8 | The Toronto Star

Stronach triumphant in MID dispute

“We think it's because (Stronach's) proposed reorganization contains a multi-hundred-million dollar payoff for Mr. Stronach, while the 2005 board recommendations do not.”

Frank Stronach, founder of MI Developments Inc., has easily defeated an attempt by shareholder Greenlight Capital to block his restructuring plan. via The Toronto Star

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Wednesday May 7 | Earth Times

MI Developments announces 2008 first quarter results

MI Developments Inc. today announced its results for the three months ended March 31, 2008. via Earth Times

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Monday May 5 | Motor Trend

Magna founder wants to build electric car

Magna International Inc. founder and Chairman Frank Stronach is apparently the latest CEO to jump on the electric-vehicle bandwagon. via Motor Trend

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Saturday May 3 | Markham Economist & Sun

Stronach touts electric vehicle during Magna shareholders meeting

“We are committed to doing everything we can to support local plants and workers.”

Like a proud father, Frank Stronach beamed about plans for an electric car that could represent the cornerstone of Magna's future, during his annual address to Magna International shareholders in downtown ... via Markham Economist & Sun

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Thursday May 1 | Canadian Business Magazine

Slash worker base pay, offer profit-sharing, Magna's Stronach tells automakers

“If business doesn't make a profit, then business is no good to anyone.”

Magna International founder Frank Stronach, right, and company director Belinda Stronach. via Canadian Business Magazine

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Tuesday Apr 29 | Canada NewsWire

Magna Entertainment Corp. - Annual and Special Meeting of...

Magna Entertainment Corp. is holding its Annual and Special Meeting of Stockholders on Tuesday, May 6, 2008 at Le Royal Meridien King Edward Hotel, Sovereign Ballroom, 37 King Street East, Toronto, Ontario, ... via Canada NewsWire

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Related Topix: Canada, Gaming

Sunday Apr 27 | Blood Horse

MEC Eyes Options After Oregon Rejection

“MEC is very disappointed with the actions of both the Oregon Attorney General and the ORC, and is considering all of its legal options with respect to this matter.”

Photo: Magna Entertainment Corp. said it is "considering all of its legal options" after the Oregon Racing Commission rejected its request to allow installation of Instant Racing gaming terminals at Portland ... via Blood Horse

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Related Topix: Gaming

Friday Apr 25 | Digital Post Production

Magna Entertainment Corp. Responds to Oregon Racing Commission Decision

Adobe Video Collection Training Bundle will help you master the professional features of the Adobe Video Collection. via Digital Post Production

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Related Topix: Gaming

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