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

  • U.S. Consumer Spending Increases
    Steady consumer spending and income gains have put the U.S. economy on track for solid growth in the third quarter.
  • U.S. Pending Home Sales Fall
    The number of contracts signed to buy previously owned homes fell in August, a new sign of an uneven housing recovery.
  • China's One-Two Punch Threatens to Hit Growth
    The Outlook: China's sweeping effort to purge corrupt officials could weigh on its long-term growth, posing a risk to the global economy.
  • U.S. GDP Revised Higher
    The U.S. economy grew in the spring at a 4.6% rate, the fastest pace since late 2011 and another sign the recovery is regaining steam.
  • In U.S., India's Modi to Pitch Economy
    Indian Prime Minister Narendra Modi in his first U.S. visit as the nation's leader will be meeting with corporate executives from GM, IBM and Boeing to lobby for new investment in his country's sputtering economy.
  • U.S. to Shield Military From High-Interest Debt
    The Obama administration plans to propose tougher financial protections for personal loans made to the military amid concerns lenders are circumventing rules designed to protect service members
  • Japan's Inflation Slips
    Inflation in Japan slowed more than expected in August, dealing a setback to the Bank of Japan's efforts to achieve its 2% price target.
  • Historic Market Key to Detroit's Future
    In Detroit's version of New York City's meatpacking district, the meat is still being packed. And local officials say the Eastern Market historic neighborhood is key to the bankrupt city's economic revival.
  • U.S. Jobless Claims Rise 12,000
    The number of new applications for unemployment benefits climbed last week, but a low pace of layoffs kept initial claims near prerecession levels.
  • U.S. Durable-Goods Orders Fall 18.2% in August
    Orders for long-lasting manufactured goods tumbled last month as aircraft purchases pulled back from a July record high, but orders ticked up outside of the volatile transportation category.

US Business News

  • Hong Kong Protests May Hurt Retailers
    Clashes between thousands of pro-democracy protesters and police are set to deal a blow to Hong Kong's retailers during one of the city's busiest shopping periods.
  • Pay TV Takes Stock of Dodgers Fiasco
    Pay-TV distributors are hoping the fiasco over the Dodgers cable channel—which generally wasn't picked up—will be a turning point in a wider debate over sports programming costs.
  • Japan Inc. Goes Deeper Into Southeast Asia
    Japanese companies are turning to frontier markets such as Laos and Cambodia in search of cheaper labor, stepping into what has until now been firmly in China's sphere of influence.
  • Ford Sharply Cuts Earnings Outlook
    Ford warned operating profit this year would be sharply below its earlier estimate, citing higher than expected costs of auto-safety recalls in the U.S. and economic weakness in Europe.
  • Hyundai, Union in Tentative Wage Agreement
    Hyundai's labor union leaders reached a tentative wage deal with the company's management, raising hopes the South Korean auto maker can put an end to strikes.
  • GM CEO Looks to Shift Gears, Set Strategy Goals
    General Motors CEO Mary Barra plans to unveil a multiyear financial strategy that would deliver the superior profits and market-leading vehicles that have always seemed to be in GM's future, never its present.
  • Unlawful Seizure of AIG Claimed at Trial
    A $40 billion lawsuit against the U.S. government for its crisis-era bailout of American International Group got under way in federal court, with David Boies, a lawyer for the insurer's shareholders, accusing the government of unlawfully seizing a majority stake in the insurer.
  • Are Workplace Personality Tests Fair?
    Personality tests in the hiring process have sparked scrutiny, with some companies scaling back and civil-rights groups claiming the tests could constitute workplace discrimination.
  • From Africa to Ukraine, Deal Police Proliferate
    These days, many big mergers don't just need to win antitrust approval from regulators in the U.S. and the European Union. A growing roster of nations including China, Brazil and even Ukraine also want a say.
  • Toyota to Recall 690,000 Pickups
    Toyota Motor Co. will recall 690,000 pickup trucks while the NHTSA has begun a formal review into a complaint charging that 4.9 million SUVs, trucks and vans produced by Fiat Chrysler are susceptible to engine stalling and air bag failures.
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