Business News

Local Restaurant Claims Construction Has Deterred Business

1 mins ago - If you're a commuter, there's no doubt that construction can be a major headache. Some businesses in the thick of it say they're the ones paying the price. The owner of Opa Café on Second Street says construction is ruining his business.

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 Bets 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's $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.
  • Widespread Outages Hit Time Warner Cable
    Time Warner Cable said service was largely restored as of early Wednesday morning following an outage of Internet and on demand services in all of its markets.
  • Alibaba's Results Jump Ahead of IPO
    The Chinese e-commerce company posted a jump in profit and revenue for the most recent quarter, weeks before it is expected to launch its hotly anticipated U.S. initial public offering.
  • BMW and Daimler Unveil Bulletproof Cars
    Murder and kidnapping are less common than they used to be in Russia, as United Nations data has it, but Moscow is still where the world's top auto makers like showing off their latest bulletproof cars.
  • Kia Plans Mexico Assembly Plant
    Kia Motors will build a $1.5 billion assembly plant near Mexico's border with the U.S., the latest in a spate of industry investments further accelerating the country into the top ranks of global automotive producers.
  • Size Matters for Corporate Boards
    Companies with fewer board members outperformed their peers, while those with more directors underperformed, according to data analyzed for The Wall Street Journal.
  • Telefónica May Sweeten Bid for GVT
    The board of Spain's Telefónica is scheduled to meet to consider sweetening its $8.82 billion bid for Vivendi's Brazilian operator, GVT, amid worry Telecom Italia may make a rival bid.
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