Business News

Early Christmas Buzz at the Summit Mall

Posted: 12:58 AM - Thanksgiving is still nearly a week away, but many of your neighbors gathered Saturday night to trim the tree and sing Christmas carols at your favorite shopping centers. Is it too early to celebrate Christmas?
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Southern Nevada Firms Get $25 in Tax Abatements

Posted: 11/21/2014 - Five new or expanding southern Nevada businesses have been granted more than $25 million in tax abatements for programs that state officials say should reap rewards including creation of more than 230 jobs.

Caesars Reveals Plan After Creditor Walks Away

Posted: 11/20/2014 - Caesars Entertainment officials say an early proposal to restructure company finances would have converted its debt-heavy division into a real estate investment trust.

Reno's CustomInk Makes Fortune Magazine's Top Company List

Updated: 11/20/2014 - Benefits include the company covering 99% of employee health insurance premiums. Catered meals a few times a week, a gym, a doctor's office where employees can video chat in privacy with a doctor in real time if they are feeling ill.
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Nevada Fast-Tracks Uber Venue Question

Posted: 11/19/2014 - The Nevada Supreme Court is fast-tracking a ruling on whether state courts in Reno or Las Vegas should properly hear an attempt by state taxi regulators to prevent ride-sharing company Uber Technologies from operating in the state.

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Economic News

  • Central Banks in New Push to Prime Pump
    The People’s Bank of China and European Central Bank moved to pump up flagging global growth, boosting stock markets but raising questions about the limitations of central-bank intervention.
  • China Cuts Rates in Surprise Move
    Bowing to political and market pressures, China cut lending rates for the first time in more than two years, in an acknowledgment that its piecemeal efforts to bolster its flagging growth have failed.
  • With China, Europe Moves, Central Banks Try Again to Spur Global Growth
    Major central banks have once again tried to pump up a flagging global economy, sending markets higher but raising new questions.
  • Immigration Plan Seen Affecting Wages, Jobs
    President Obama’s move to offer legal-worker status to undocumented immigrants will send unpredictable ripples through the economy, prompting many to seek higher paying jobs and heightening wage competition, economists say.
  • Fed Launches Bank-Supervision Review
    The Federal Reserve launched a sweeping review of how it supervises big banks amid growing criticism that its process for policing Wall Street isn’t effective and stifles internal dissent.
  • New York Fed Chief Lambasted
    Sen. Elizabeth Warren told New York Fed president William Dudley to fix alleged lax oversight of big banks “or we need to get someone who will.”
  • Regulator: Boosting Scrutiny of Banks on Commodities
    Regulators are expanding their examination of bank activities in commodities markets and could unveil new restrictions early next year, a senior Fed official told lawmakers.
  • Black Friday a Guide to Holiday Sales? Don't Buy Into It
    Black Friday is nearly here, and with it will arrive forecasts of total holiday sales. But the year’s busiest shopping period is hit-or-miss as a forecaster.
  • U.S. Consumer Prices Unchanged in October
    U.S. consumer prices held steady last month, the latest sign of weak inflation at home amid soft energy prices and slow growth abroad.
  • Modi Walks a Reformist's Minefield
    Indian Prime Minister Narendra Modi has been on a tear, announcing everything from a “Make in India” campaign to a purge of outdated laws and a public-cleanliness drive, all aimed at boosting economic growth. Still uncertain is what all of Mr. Modi’s tinkering will add up to.

US Business News

  • Oil Boom Returns to Gulf of Mexico
    Four years after the Deepwater Horizon disaster, giant new oil projects are returning to the Gulf of Mexico—bigger and more expensive than ever.
  • Why Barnes & Noble Is Selling Beer Kits
    Barnes & Noble is diversifying into gifts like popcorn makers and turntables for the holidays, part of a new merchandising strategy as it tries to reverse declines in store traffic and prepares to split up.
  • Record Bids in U.S. Airwave Auction
    A U.S. auction of wireless spectrum has collected $34 billion in bids, turning what was expected to be a relatively sleepy affair into a major windfall for taxpayers and posing enormous commitment of capital for the carriers.
  • Dow Chemical, Loeb Settle Board Dispute
    Dow Chemical and Dan Loeb’s Third Point settled a looming proxy fight Friday by adding four new directors next year, including two the activist investor had proposed.
  • European Critics Envision Google's 'Unbundling'
    Some European legislators, with German government backing, are preparing a draft resolution calling for the breakup of Google, adding pressure on the EU’s new competition chief to proceed forcefully.
  • Elite Law Firms Lift Bonuses
    Three big law firms, Simpson Thacher, Paul Weiss and Clearly Gottlieb, are raising year-end bonuses for associate attorneys by as much as $40,000, partly reflecting this year’s resurgence in lucrative M&A work.
  • Christie's Hong Kong Sale Hits $82 Million
    Buyers snapped up works by Japanese and Southeast Asian artists at Christie’s evening sale in Hong Kong totaling 635 million Hong Kong dollars (US$82 million).
  • European Telecoms Bet on 4G
    Iliad and other European telecom groups are rushing to invest in data-handling capabilities and faster fourth-generation wireless networks, as consumers use their phones more as devices for messaging apps and video.
  • VW to Invest $107.3 Billion
    Volkswagen said it would boost capital investment to $107.3 billion over the next five years, raising concern that fixed costs are spinning out of control.
  • TV-Streaming Firm Aereo Files for Bankruptcy
    Aereo filed for bankruptcy protection five months after the Supreme Court delivered the Internet-broadcast streaming company a fatal blow in its fight with traditional television broadcasters.
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