Business News

Reno Retail Vacancies at Lowest Level in Four Years

Updated: 07/27/2015 - Consider it a positive economic indicator. A CBRE report reviewing second quarter trends in the Truckee Meadows’ market shows we have the smallest vacancy rate in four years.
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The Next Housing Boom: Building Up Our Area

Posted: 07/27/2015 - The size of two Carson Cities, that's how many homes EDAWN says the Reno-Sparks area needs to build in the next 5 years. Break it down, that's about 9,000 new homes, apartments, and condos a year. But can we build quality homes that quickly?
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Orders for US Durable Goods Jump 3.4% in June

Updated: 07/27/2015 - Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, reflecting a surge in demand for commercial aircraft. Meanwhile, a key category that reflects business investment rebounded after two months of declines.

Transportation Chief: Five Airlines Probed for Price-Gouging

Updated: 07/24/2015 - Transportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service.

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US Business News

  • P&G Names David Taylor as CEO
    Procter & Gamble said company veteran David Taylor will take over as CEO on Nov. 1, with A.G. Lafley shifting to the role of executive chairman.
  • Twitter's Ad Woes Subside, but Growth Stalls
    Twitter’s advertising business appears to be working its way past a temporary hiccup, but the growing pains are far from over.
  • Wal-Mart Warns Suppliers Over Labeling Laws
    Wal-Mart has sent out a memo to hundreds suppliers warning them to comply with labeling laws, emphasizing that the amount inside a package matches what is printed on the outside.
  • HeidelbergCement Agrees to Buy 45% Stake in Italcementi
    Germany’s HeidelbergCement agreed to pay €1.67 billion ($1.85 billion) for a 45% stake in Italy’s Italcementi in a deal that further consolidates Europe’s building-materials industry.
  • Georgia Judge Reduces Damages in Fatal Jeep-Fire Case
    A Georgia judge reduced legal damages against Fiat Chrysler Automobiles stemming from a jury verdict in a trial over a fatal Jeep fire, providing the company some financial relief as regulators hit the auto maker with a record fine for recall lapses.
  • Rising Rents Outpace Wages in Wide Swaths of U.S.
    The cost of renting a home is rising faster than wages across wide swaths of the country, a problem that has become especially acute in the past year, putting a big squeeze on many household budgets.
  • Home-Price Growth Remained Solid in May
    Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery.
  • U.S. Consumer Confidence Falls
    Consumers unexpectedly took a dimmer view of the U.S. economy this month. The Conference Board research group said its index of consumer confidence fell to 90.9 in July from a revised 99.8 in June.
  • Fed Officials May Offer More Clarity on Rates
    Central bank officials are likely to emerge from their meeting Wednesday with short-term interest rates still pinned near zero, though they could send hints that they’re getting closer to raising the rates. Chairwoman Yellen has emphasized she expects higher U.S. borrowing costs before year-end.
  • Nontrade Concerns Cloud Obama's Pacific Deal
    The administration’s push to clinch a sweeping Pacific trade deal this week faces stiff opposition over concerns—ranging from human trafficking to antigay laws—that have little to do with trade.
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