• Most Popular
  • Most Shared

Bill Gates fund reports stake in Strategic Hotels

WASHINGTON
Mon Oct 6, 2008 5:42pm EDT

Stocks

   
Microsoft co-founder Bill Gates speaks with former U.S. President Bill Clinton (unseen) during a conversation about philanthropy at the Clinton Global Initiative, in New York, September 24, 2008. REUTERS/Chip East

WASHINGTON (Reuters) - Billionaire Bill Gates's Cascade Investment on Monday reported a 5.6 percent active stake in Strategic Hotels & Resorts Inc (BEE.N).

The fund said in a regulatory filing with the U.S. Securities and Exchange Commission that recent declines in Strategic Hotels' stock price had prompted it to consider all of its alternatives with respect to the investment.

Cascade said it may have discussions with Strategic Hotels' board of directors and management about the company's business and strategic direction.

(Reporting by Karey Wutkowski)


More from Reuters

Photo

Employers see uptick in hiring in 2010

NEW YORK (Reuters) - U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

» More Top News
A young Kamchatka brown bear plays in its enclosure at the 'Tierpark Hagenbeck' zoo in Hamburg September 20, 2007. REUTERS/Christian Charisius

The return of the Russian bear

Jason Bush

As Russia's memories of crippling economic times fade, are reforms disappearing along with them?  Commentary 

Breakingviews
Surgeons extract the liver and kidneys of a brain-dead woman for organ transplant donation at the Unfallkrankenhaus Berlin (UKB) hospital in Berlin January 12, 2008. REUTERS/Fabrizio Bensch

Desperate, duped, or both

One of the world's largest organ trade hubs is moving to stop the living from cashing in their body parts.  Full Article 

Health