Business News

Dine and Shop Douglas County

Posted: 8:11 AM - People can discover some of Douglas County's hidden gems while supporting local charities.
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Local Schools Get Ready To Gear Up For Tesla

Updated: 09/15/2014 - Tesla's battery "gigafactory" is expected to employ as many as 6,500. Making sure northern Nevadans are trained to be part of that work force falls to TMCC and UNR.
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US House Sets Vote on Nevada Land Bills

Posted: 09/14/2014 - After years of wrangling, a package of northern Nevada land bills is finally scheduled for a vote Monday in the U.S. House of Representatives.

Nevada Lawmakers, Governor Approve Tesla Tax Breaks

Updated: 09/12/2014 - Calling it one of the most important pieces of legislation in Nevada history, Gov. Brian Sandoval has signed into law an unprecedented package of incentives to bring Tesla Motors' $5 billion battery factory to the state.

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Economic News

  • U.S. Inflation Gauge Falls for First Time Since 2013
    Consumer prices fell in August, the first monthly decline for the inflation measure since April 2013, a reading that could lend support to some Federal Reserve policy makers who are seeking to move slowly in lifting ultra-low interest rates.
  • U.S. Incomes End 6-Year Decline, Just Barely
    Americans' incomes ticked up in 2013 for the first time since the recession, and the poverty rate fell for the first time since 2006.
  • World Bank: Ebola Poses Potential Economic Crisis for West Africa
    West African nations hit by the Ebola epidemic will face a catastrophic economic crisis unless global authorities move faster to marshal resources needed to contain the outbreak, World Bank President Jim Kim said Wednesday.
  • Moody's Keeps U.S. Outlook Stable
    The U.S. is in good enough shape to keep its triple-A rating for a while, but projected spending growth for programs such as Social Security pose concerns down the road, Moody's Investors Service said.
  • U.S. Home-Builder Optimism Surges
    Home-builder optimism surged in September to the highest level since 2005, a sign home construction could pick up in coming months.
  • Dollar Gains Against Yen
    The dollar crept higher against the Japanese yen but eased against the euro Wednesday, as investors awaited the conclusion of the Federal Reserve's monetary policy meeting later in the session.
  • A Novel Use of Eminent Domain Hits Headwinds
    Some officials in Richmond, Calif., are pushing a novel use of eminent domain to purchase the mortgages of underwater homeowners, but not the homes, to reduce debt burdens.
  • U.S. Producer Prices Unchanged in August
    A gauge of U.S. inflation was unchanged in August, a sign that price pressures remain tame amid subdued economic growth.
  • Some Republicans Back State Minimum-Wage Boosts
    Republican candidates in states where voters will decide on boosting the minimum wage say they favor those pay-increase measures even as they oppose raising the federal wage floor.
  • Industrial Production Falls in August
    U.S. industrial production fell in August for the first time since January, the latest sign of uneven improvement in the economy.

US Business News

  • Trian Wants a DuPont Breakup
    An activist investor with a successful track record has launched a campaign to force DuPont to break itself up after the chemical giant rebuffed its repeated private calls for change.
  • Sony's Turnaround Effort Stumbles
    Sony's last hopes for turning around its electronics arm have faltered. The company, which expects to post a fiscal-year loss of $2.15 billion, said it won't be a major player in the smartphone market as it is still struggling amid competition.
  • Internet Power Balance Tilts Toward Asia
    When Alibaba begins trading Friday, four of the world's 10 largest Internet companies by stock-market value will be based in Asia, highlighting how much action is shifting to the region.
  • Meet the Biggest Polluter in China's Most Polluted City
    Jizhong Energy, the biggest polluter in China's dirtiest city, is trying to clean itself up, highlighting the balancing act under way as regional governments and businesses try to tackle pollution without wrecking local economies.
  • Budweiser, a Big Sponsor, Criticizes NFL
    Anheuser-Busch said it was disappointed and increasingly concerned by the NFL's handling of recent incidents, which the brewer said "have overshadowed" the league's season.
  • FedEx Profit Jumps 24%
    FedEx Corp. said its fiscal first-quarter profit jumped 24%, as the package-delivery giant reported higher revenue in its ground, freight and express operations.
  • Family Dollar Rejects Tender Offer
    Family Dollar Stores advised its shareholders to reject Dollar General's tender offer, while again affirming its support for its deal with Dollar Tree.
  • Occidental in Talks to Sell Part of Dolphin Energy Stake
    Occidental Petroleum is in talks to sell at least one-fifth of its 24.5% stake in Dolphin Energy to Abu Dhabi-owned Mubadala Development, according to people familiar with the matter.
  • Virgin Atlantic to Offer New Gogo Satellite-Internet Service
    Virgin Atlantic will use Illinois-based Gogo's new satellite-based system, called "2Ku," to provide in-flight high-speed Wi-Fi access.
  • Sulzer Confirms Talks With Dresser-Rand
    Swiss industrial pump maker Sulzer confirmed that it is in discussions with U.S. firm Dresser-Rand Group about a 'potential transaction,' following a news report about a possible merger.
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