Business News

NV Energy To Pay Part Of $4.3M To Settle Lawsuit

Posted: 1:02 PM - Operators of a coal-fired power plant outside Las Vegas are agreeing to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution.

Bankruptcy Court Denies Caesars Appeal

Posted: 4:24 AM - A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge from Chapter 11 has also denied the casino company's effort to fast-track an appeal of the decision to a higher court.

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US Business News

  • Shell to Cut 6,500 Jobs as Profit Drops
    Shell announced plans to slash 6,500 jobs amid a slump in oil prices that has sent a wave of job cuts rippling through the industry.
  • FAA Steps Up Scrutiny of Allegiant
    An unusual emergency landing by an Allegiant Travel flight low on fuel is drawing new scrutiny to the budget carrier following a string of other in-flight disruptions.
  • At SodaStream, a Rush Away From Sugar
    SodaStream, a pioneer in make-it-at-home soda, is recasting itself as a “sparkling water’’ dispenser as Americans cut back on soft drinks. It also is rushing to remake itself before Keurig launches its cold-drink machine.
  • P&G Fails to Shake Continued Weakness
    Procter & Gamble’s sales growth decelerated over the past year, underlining the challenges it faces as it completes the exits of close to 100 brands and installs a new chief executive in the coming months.
  • Three Coke Bottlers in Talks to Merge
    Three bottlers of Coca-Cola products in Europe are in advanced talks for a merger that would further a push by the U.S. soda giant to consolidate its bottlers around the world and lower costs.
  • U.S. Economy Expanded 2.3% in Second Quarter
    The U.S. economy accelerated modestly in the second quarter—up 2.3%—after a slow start to 2015, but growth this year is still less than last year’s tepid first half and is well below the overall pace of the recovery.
  • Fed Preps Careful Path for Rate Hike
    The Federal Reserve kept rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year.
  • Sugar Industry Sour on Trade Talks
    High-level talks to wrap up a 12-nation Pacific trade pact have put one set of Hawaii’s locals on edge: Maui’s sugar cane operation, which is concerned that U.S. concessions to growers in other countries could hurt its business model.
  • Rising Rents Outpace Wages in Wide Swaths of U.S.
    The cost of renting a home is rising faster than wages across wide swaths of the country, a problem that has become especially acute in the past year, putting a big squeeze on many household budgets.
  • U.S. Pending Home Sales Slip in June
    A forward-looking indicator of home sales slipped in June, but remained well above year-ago levels, a sign the housing market is stabilizing.
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