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Dubai World sets new plan to save Las Vegas CityCenter--WSJ
SAN FRANCISCO (MarketWatch) -- Dubai World, MGM Mirage's partner in the $8.6 billion Las Vegas CityCenter development, has proposed the troubled project's investors agree to fund it through completion, the wall street Journal reported Friday. Details of the plan were not immediately available, but according to people familiar with it, it calls for Dubai World, MGM Mirage and bank lenders to commit to providing the estimated $3 billion needed to finish the project. Such a move could result in banks dropping an earlier agreement to back a $1.8 billion emergency loan only if MGM Mirage and Dubai World increased their own cash contributions to the massive 67-acre hotel, condominium, shopping mall and casino project. market pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Is Short Squeeze the New Game on MGM, Las Vegas Sands?
The recent winning streak for two beaten-down casino stocks was a classic case of what some traders suspect happened on a grander scale during the 28% rally for the Standard & Poor's 500-stock index: a short squeeze.
Wall Street Journal

Amazon developing Kindle with larger screen - report
SAN FRANCISCO (MarketWatch) -- Amazon.com is developing a new version of its Kindle e-book reader with a larger screen, according to a report on the Web site of The wall street Journal on Friday. The new device may come out in time for the 2009 holiday shopping season, according to the report, which cited unnamed sources who claim to have seen versions of the device. Amazon recently updated the Kindle in February. Since then, other companies have indicated they are working on a similar device. market pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Weekend Investor: Caught in a squeeze, short sellers have eyes peeled for reversal
Short sellers are being ambushed from all sides -- from tighter regulations to double-digit stock rallies. But there are ways to get out of the jungle alive.
Market Watch

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