Business News

Drone Company to Bring 400 Jobs to Reno

Posted: 08/26/2014 - Governor Brian Sandoval along with several other elected officials gathered at the Reno Stead Airport Tuesday afternoon to announce a new drone-based company that is headed to Reno.

Crested Butte to Be Bud Light "Whatever" Town

Posted: 08/26/2014 - Some people in normally laid back Crested Butte, Colorado, are not up for "Whatever" - a secretive Bud Light plan to paint their mountain town blue and turn it into a fantasy town for an ad campaign.

BofA Reaches $17B Settlement With US

Posted: 08/20/2014 - Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

Lucrative Grand Canyon Contract Up for Bid

Posted: 08/19/2014 - One of the most lucrative contracts in the National Park Service is going out to bid for a third time, after Grand Canyon officials found the previous bids unacceptable.

More Business News

Economic News

  • Durable-Goods Orders Surge
    Orders for big-ticket manufactured goods jumped to a record in July thanks to a surge in aircraft purchases, while underlying gauges of demand indicated strong momentum in broad business spending.
  • U.S. Manufacturers Lose Ground
    America's shale boom has raised hopes of a revival in U.S. manufacturing, in part fueled by cheaper energy. But U.S. factories still are losing ground to rivals in Asia and Europe.
  • Home-Price Growth Slows
    The yearly growth in home prices across the U.S. continues to slow this year, according to a home-price report released Tuesday.
  • Profit Growth Slows at China's AgBank
    Agricultural Bank of China reported the slowest first-half profit growth since it went public in 2010, while its bad-loan level picked up as the country's economic growth slows.
  • U.S. Farm Incomes Forecast to Fall
    U.S. farm incomes are expected to fall 13.8% this year to the lowest level in four years, the U.S. Department of Agriculture says, as expectations of a second straight bumper harvest push down prices for key crops.
  • U.S. Consumers More Optimistic
    U.S. consumers view the economy with more optimism this month, according to the Conference Board, a private research group. An upbeat view on jobs hints at a solid August payrolls report, some economists say.
  • Buyers Not Clamoring for New Homes
    New-home sales fell again in July, a sign that a major source of jobs continues to waver entering the second half of 2014.
  • Fed's Yellen Remains Mum on Timing of Rate Change
    Janet Yellen delivered a cliffhanger in the mountains of Wyoming. The Fed chairwoman left the public guessing about when the central bank will start raising short-term interest rates.
  • Bank Fight Points to Bigger Battle Over Trade
    The Outlook: The political brawl over the fate of the Export-Import Bank is clouded by immense uncertainty over what the business world would look like without some form of government-backed trade finance.
  • How an Entrepreneur's Passion Can Destroy a Startup
    Strong feelings can lead founders to make bad choices at the worst times. Here are some common traps—and how to avoid them.

US Business News

  • Burger King Deal Draws Tax Criticism
    Burger King Worldwide defended its acquisition of Tim Hortons Inc. as the hamburger chain came under criticism for its effort, backed by billionaire investor Warren Buffett, to move the quintessential American brand to Canada.
  • Germany's Gamble on Renewable Energy
    Many companies worry the cost of Germany's mammoth, trillion-euro plan to wean the country off nuclear and fossil fuels by midcentury will undermine the country's competitiveness.
  • Snapchat Fetches $10 Billion Valuation
    Kleiner Perkins agreed to invest in Snapchat at a valuation of close to $10 billion, making it one of the world's most valuable private tech start-ups.
  • Big Tobacco's E-Cigarette Push Gets Reality Check
    Big Tobacco is finally making its big push into electronic cigarettes. But e-cigarette sales are now falling in convenience stores, reversing three years of rapid-fire growth.
  • American Pulls Fares From Orbitz
    American Airlines has withdrawn its flights from consumer websites powered by Orbitz, following a similar dispute between the airline and the travel website about three years ago.
  • Mix Wrestling, Tag for India's New Sports Craze
    India's newest professional sport, kabaddi, is an ancient Indian game that in its newest incarnation is a high-octane mix of tag and Greco-Roman wrestling. It has been drawing sellout crowds and big TV audiences.
  • Connecticut Exchange CEO to Run HealthCare.gov
    The Obama administration on Tuesday named Kevin Counihan, who led one of the few successfully launched insurance exchanges under the health law, as chief executive officer of HealthCare.gov.
  • Fonterra Seeks Tie-up With Chinese Baby-Food Maker
    New Zealand's Fonterra Co-Operative Group and Hangzhou Beingmate Group announced a partnership aimed at meeting rising demand for infant formula in China.
  • China Probes Executives at Volkswagen Joint Venture
    Chinese officials have launched a probe into a former and a current executive at FAW-Volkswagen Automobile, one of Volkswagen's joint ventures in the country.
  • Rusal First-Half Revenue Falls
    Aluminum producer Rusal said revenue fell 15.7% in the first half of 2014 to $4.38 billion from a year earlier, due to decreased aluminum sales.
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