Business News

Year-to-Year Taxable Sales Up in Nevada

Posted: 01/29/2015 - Nevada officials are reporting that taxable sales statewide were up nearly 7 percent in November, compared with the same month a year earlier.

International Flights Boost Vegas Traffic

Posted: 01/29/2015 - A 12.5 percent increase in the number of international travelers last year helped push passenger traffic at McCarran International Airport to its highest level in six years.

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Economic News

  • Yellen Tells Senate Democrats U.S. Economy is Strong
    An upbeat Janet Yellen at a private luncheon on Thursday told Senate Democrats the U.S. economy is strong.
  • China Tops U.S. in Foreign Investment
    China became the world’s top destination for foreign investment in 2014, edging the U.S. out of the top position for the first time since 2003. The change comes after years in which China has been gaining ground.
  • Japan Output Modestly Improves
    Japan’s output improved modestly in December thanks to strong exports to the U.S., but domestic demand still lacked strength and inflation again slowed.
  • U.S. Jobless Claims at Lowest Level Since 2000
    The number of Americans filing new claims for jobless benefits plunged last week to a 15-year low, though the reading may have been skewed by seasonal volatility.
  • U.S. Pending Home Sales Stumble
    A gauge of pending home purchases fell in December, a sign of somewhat softer demand in the U.S. housing market headed into 2015.
  • Two-Tier Economy Reshapes U.S. Marketplace
    The advance of wealthy households, while middle- and lower-income Americans struggle, is reshaping markets for everything from housing to clothing to beer.
  • Fed Flags Midyear Rate Hike---Or Later
    The Federal Reserve signaled it would keep short-term interest rates near zero at least until midyear, while also setting the stage for tough decisions in the coming weeks about whether it should wait even longer.
  • Transit Agencies Brace for Low Gas Prices to Siphon Away Riders
    High gasoline prices in recent years helped give public-transit agencies across the U.S. their best ridership numbers in half a century. Now, falling prices run the risk of putting those gains in reverse.
  • Consumer Confidence Surges
    U.S. consumers turned exceedingly upbeat about the economy at the start of 2015, with the Conference Board’s index of consumer confidence hitting its highest level since August 2007.
  • Durable-Goods Orders Falter, Stirring Concern
    Demand for big-ticket manufactured goods tumbled last month, a sign U.S. businesses remain cautious about spending despite the economy’s recent momentum.

US Business News

  • Falling Prices Spread Pain Far Across The Oil Patch
    Trouble has been looming over the oil patch since crude prices began falling last summer. But only now are the long-feared effects of a bust starting to ripple through the energy ecosystem.
  • Super Bowl Challenge for Box Makers: 12.5 Million Pizzas
    Super Bowl Sunday is the biggest day of the year for takeout pizza, with Americans expected to order about 12.5 million pies. That also makes it the biggest day for companies that make corrugated pizza boxes.
  • Amazon Delivers $214 Million in Profit
    Amazon posted higher-than-expected net income for the fourth quarter, despite sales growth below forecasts. The e-commerce giant’s spending continued to weigh on its bottom line.
  • Hard-Driving Uber Gives Compromise a Try
    Facing roadblocks, ride-sharing service Uber is trying to present a softer side to its aggressive push into global markets.
  • For McDonald's, a CEO With Fresh Perspective
    In tapping Steve Easterbrook as its new chief executive, McDonald’s has opted for a company insider with an unusual attribute: an outsider’s perspective.
  • Cheap Oil Sours Big-Ticket Energy Projects
    Chevron’s big-budget exploration projects, conceived during an era of high energy prices, are starting to produce their first barrels of oil as a global glut is making the payoff from such projects less certain.
  • Recalls Hit Honda Earnings
    Honda Motor cut its full-year net profit forecast by 3.5% after being hit by costs related to recalls over explosive air bags made by Takata.
  • Qatar Buys Stake in British Airways Parent
    Qatar Airways has bought a near 10% or $1.7 billion stake in British Airways-parent International Consolidate Airlines.
  • Newcrest Rides a Gold Roller-Coaster
    Few companies have experienced the roller-coaster ride of the commodities cycle like Newcrest Mining, Australia’s biggest gold producer.
  • Senate Passes Keystone XL Bill
    The Senate on Thursday passed legislation approving the Keystone XL pipeline, moving the GOP-controlled Congress one step closer to a showdown with President Obama over the long-stalled project.
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