DEALTALK-Investors cashing in on Las Vegas Strip land boom

(Reuters) - LOS ANGELES, June 21 - When Kansas-based real
estate investor Phil Ruffin paid $165 million for 41 acres on
the famed Las Vegas Strip in 1998, his critics said he overpaid
by $15 million.




Soon, Ruffin will be laughing all the way to the bank.


Read more at Reuters.com Mergers News

Most U.S. Stocks Rise; Financials, Homebuilders Gain on Paulson Comments

(Bloomberg) -- Financial and real-estate companies
led most U.S. stocks higher for a third day after Treasury
Secretary Henry Paulson said the slump in housing is ``largely''
over.

Washington Mutual Inc., Citigroup Inc. and all 16
homebuilders in Standard & Poor's indexes rose on speculation
demand for housing may rebound. MGM Mirage surged the most since
1989 after billionaire Kirk Kerkorian said he wants to buy the
company's Bellagio Hotel & Casino in Las Vegas.


Read more at Bloomberg Stocks News