Business News

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.

California Home Sales Drop to 4-Year August Low

Posted: 09/11/2014 - The number of California homes sold in August fell to the lowest level in four years as a supply crunch pushed prices higher and kept homes out of reach for many buyers.

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Economic News

  • 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.
  • U.S. Consumer Prices Fall 0.2% in August
    Consumer prices fell in August, a reading that could support Federal Reserve policymakers seeking to move slowly in raising ultra-low interest rates.
  • 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.
  • Russia Plans Fund for Firms Hurt by Sanctions
    The creation of the bailout fund comes amid increasingly frank admissions in Moscow that sanctions imposed by the West are starting to hurt the Russian economy.
  • OECD Cuts Growth Forecasts
    The Organization for Economic Cooperation and Development lowered its growth forecasts for the U.S. and other large developed economies, and said the continued weakness of the recovery demonstrated the need for significant changes in economic policy.
  • Yellen Seeks Interest-Rate Consensus
    The Fed chief's actions in her first six months confound the view of her as a strong advocate of easy money.
  • India's Economy? See China in 2001
    The economic race between India and China looks a lot closer if you account for one key fact: China got a 13-year head start on India in opening its economy and giving companies greater freedom to invest and produce.

US Business News

  • Investor Urges Breakup of DuPont
    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 Sees Deeper Loss
    Sony expects to post a much deeper net loss for the current fiscal year, as it cut the value of its mobile communications unit after smartphone sales failed to meet expectations.
  • 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.
  • Sky Deutschland Advises Against BSkyB Offer
    Sky Deutschland's supervisory and executive boards have advised minority shareholders not to accept a takeover offer by BSkyB, saying the offer "doesn't reflect the long-term potential nor the internal value" of the company.
  • Zara Builds Business Around RFID
    Many retailers have stumbled implementing RFID tags for inventory control, but the Zara chain is working the system. The scale and speed of its rollout is drawing notice.
  • Boeing, SpaceX Share NASA Contracts
    NASA has awarded Boeing a contract worth as much as $4.2 billion and rival Space Exploration Technologies a separate pact valued at up to $2.6 billion to develop, test and fly space taxis to carry U.S. astronauts into orbit.
  • Inditex Hit by Global Tension
    Political and economic turmoil in some of Inditex's high-growth markets pressured profit and sales in the first half, reflecting a downside to the Zara owner's aggressive expansion into Asia and Eastern Europe.
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