Updated: 9:50 AM
- Scolari’s Food & Drug Company has announced the closure of its store, widely known as the pink Scolari's, at 8165 South Virginia Street in Reno. The closing will be effective October 31, 2014.
- A nonprofit group promoting energy efficiency is recommending a number of ways Nevada can do more to promote the use of electric cars in the wake of Tesla Motors' plans to build a $5 billion battery factory in the state.
- A California-based biofuel company building a plant east of Reno has been awarded a $70 million grant from the U.S. Department of Defense to help speed delivery of its high-tech process that converts household garbage into jet fuel.
- Local football games, soccer games and school recesses all have been impacted by smoke from the King Fire. But the smoke could change the schedules of events you probably haven't thought of. Some couples will be looking at the skies this weekend and crossing fingers.
Fed's Plosser to Retire in March Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said Monday he will step down from his post on March 1.
Fitch Downgrades Pennsylvania's Bonds Fitch Ratings cut its ratings on Pennsylvania's general-obligation bonds by a notch, citing the commonwealth's continued inability to address its budget woes.
Should Lending Standards Ease? As officials flag worries about a soft housing recovery, they face a hard question: Is the drag on housing due mainly to tight lending standards? Or is the real culprit weak demand?
G-20 Continues Growth Push Finance ministers from the world's biggest economies reaffirmed a pledge to sharply boost world growth through more infrastructure spending, amid demands for some participants—especially European countries—to do more.
Fed Rate-Hike Tool Stirs Some Concern Federal Reserve Chairwoman Janet Yellen spent months devising a strategy for managing short-term interest rates. Two days after the plan's release, some market participants warn the new approach may have flaws.
The Penny May Not Be From Heaven The U.S. Mint makes billions of new one-cent coins every year—more than any other denomination. But the penny costs more than its face value to produce.
Household Wealth Hits Record Americans' wealth hit the highest level ever in the second quarter amid a rise in stock and home prices, prompting consumers to ramp up their borrowing—a development that could boost the economic recovery.
Jobless Claims at Second-Lowest Level in 14 Years The number of new applications for unemployment benefits dropped last week to near postrecession lows, the latest indication layoffs are trending sharply lower amid generally improving economic conditions.
US Business News
Soda Companies Set Goals on Calories Coca-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. will work to cut beverage calories in the American diet 20% by 2025 through promoting bottled water, low-calorie drinks and smaller portions.
Sirius Loses Oldies-Royalties Case The founders of the '60s rock band the Turtles won a summary judgment against Sirius XM, in a suit alleging that the satellite-radio company violated California copyright law by playing the band's songs without permission.
Philips to Split Operations Dutch electronics group Philips said it would split itself into two companies, spinning off its iconic lighting business 123 years after making its first incandescent light bulb.
Companies Offer $8 Billion California Energy Plan Four energy companies are teaming up on an $8-billion effort to ship electric power produced in Wyoming all the way to Southern California, with the help of a novel energy-storage and generation system in Utah.
U.S. Issues New Inversion Rules The Obama administration issued new rules to combat so-called tax inversions, intended to make the deals harder to accomplish and less profitable.
U.S. Steel CEO Takes on Heavy Load One year into leading U.S. Steel, Mario Longhi says "everything is on the table" as he tries to bring the company back from five years of losses.
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