Business News

US Judge Refuses to Halt Fracking in Nevada

Posted: 09/27/2014 - A federal judge has refused to block the release of oil and gas leases in Nevada that critics say will be used for hydraulic fracturing that could harm sage grouse and cause more environmental damage than the Bureau of Land Management admits.

Man Who Raised $55K For Potato Salad Throws Party

Posted: 09/27/2014 - An Ohio man who raised $55,000 in a joking crowdfunding appeal to pay for his first attempt at making potato salad has thrown a huge public party that promised "peace, love and potato salad."

Nevada Employee Insurance Program Got Bad Rap

Posted: 09/26/2014 - The Pew Charitable Trusts has revised a report on state employee health insurance benefits to show Nevada's program is better than originally stated and generally in line with national averages.

Pink Scolari's in South Reno Closing

Updated: 09/23/2014 - Scolari’s Food & Drug Company has announced the closure of its store, widely known as the pink Scolari's, at 8165 South Virginia Street in Reno. The closing will be effective October 31, 2014.
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Nevada Changes Urged to Promote Electric Cars

Posted: 09/22/2014 - A nonprofit group promoting energy efficiency is recommending a number of ways Nevada can do more to promote the use of electric cars in the wake of Tesla Motors' plans to build a $5 billion battery factory in the state.

$70M Grant For Biofuels Plant Planned East of Reno

Updated: 09/21/2014 - A California-based biofuel company building a plant east of Reno has been awarded a $70 million grant from the U.S. Department of Defense to help speed delivery of its high-tech process that converts household garbage into jet fuel.

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Economic News

US Business News

  • Coke Changes Executive Pay Plan
    Coca-Cola, bowing to pressure from lead investor Warren Buffett, announced changes to its executive-pay plan that will result in fewer stock awards.
  • Cable Companies Take TV Off Menu
    Some cable companies, faced with rising costs for programming, are pulling the plug on TV service, focusing instead on Internet service. Others are dropping major groups of channels to manage their costs.
  • General Motors Gives Aggressive Outlook
    GM CEO Mary Barra laid out an aggressive plan for the auto maker that would see it outpace rival Ford's profit margins through a combination of cost cuts, new products and changes in how it operates.
  • Fiat's Retro 500 Spawns SUV
    Italian auto maker Fiat is preparing to unveil a small sport-utility vehicle under its classic 500 brand, releasing the coming four-door 500X first in Europe early next year and in North America and China later in 2015.
  • After Huge Recalls, Honda Explores Other Suppliers
    Air-bag maker Takata is being re-evaluated by Honda and other big customers after a series of recalls has put a spotlight on the auto industry's heavy reliance on a few suppliers for key components
  • U.S. Sales Rise for Big Auto Makers
    U.S. new-car sales continued to power ahead in September, led by double-digit gains from General Motors and Chrysler and rising demand for sport-utilities and trucks.
  • U.K. Regulator Investigates Tesco
    The U.K. Financial Conduct Authority has notified Tesco that it has launched a full investigation into the U.K.-based supermarket's recent overstatement of expected profit for the half year.
  • ISS Urges Shareholder Vote at Allergan
    Allergan Inc. should put any acquisition it might strike in the coming weeks to a shareholder vote, proxy advisory firm Institutional Shareholder Services said in a report critical of the company's handling of a hostile bid.
  • New York Times to Eliminate Jobs
    New York Times Co. said it would cut jobs across its operations and eliminate a relatively new mobile app as the company looks to reduce costs and continue investing in digital growth.
  • Brookfield Wins Auction for Revel
    Brookfield Property Partners has won the bankruptcy auction for the Revel Casino Hotel in Atlantic City, N.J., but a Florida developer who was outbid vows to continue the fight.
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