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September 20, 2014

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Business and Economy

Company gets $70 million grant for biofuels plant east of Reno
Sept. 20, 2014
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.
This Sept. 19, 2011, photo shows the Trump Taj Mahal casino-resort in Atlantic City, N.J. The casino's Internet gambling partner, Ultimate Gaming, said on Friday, Sept. 19, 2014, it was ending its alliance with the Taj Mahal and pulling out of the New Jersey online gambling market.
Ultimate leaving New Jersey online gambling market
Sept. 19, 2014
New Jersey's fledgling Internet gambling market lost its first provider Friday when Ultimate Gaming accused its partner, the Trump Taj Mahal Casino Resort, of multiple contract breaches and said it is pulling out of New Jersey. Ultimate says it is owed ...
The Eastside Cannery on Boulder Highway.
Eastside Cannery gets new general manager
Sept. 19, 2014
The Eastside Cannery, a locals-oriented casino in the southeast valley, announced a new general manager today. Cannery Casino Resorts, which owns the property on Boulder Highway, said ...
Nevada jobless rate ticks down to 6-year low
Sept. 19, 2014
Nevada’s unemployment rate inched down to 7.6 percent in August, its lowest rate in six years. That’s 2.2 percent lower than ...
A foreclosed home is shown in the Silverado neighborhood of Las Vegas.
State high court ruling favors HOAs over banks on home seizures
Sept. 18, 2014
Nevada’s highest court has upheld a law that lets homeowners associations foreclose on houses ahead of mortgage lenders, even if HOAs are owed a fraction of what ...
Suffolk Downs closing after failed casino bid
Sept. 18, 2014
uffolk Downs, New England's only thoroughbred horse racing track, has told its workers it will close by year's end because Mohegan Sun did not win a Massachusetts casino license. Chip Tuttle, the track's chief operating officer, said workers were told Wednesday that ...
Kohl's at Grand Canyon Drive and Flamingo Road is one of three Kohl's stores that opened in September 2009 in Southern Nevada.
Kohl’s plans to hire 400 seasonal workers in Las Vegas
Sept. 17, 2014
Kohl's Corp. plans to hire more than 67,000 seasonal workers nationwide for the holiday shopping season, which the company said is a ...
Dow closes at record after Fed keeps rates intact
Sept. 17, 2014
The stock market rose Wednesday after the Federal Reserve told investors to expect low interest rates for a while yet, pushing the Dow Jones industrial average to a record high. After drifting along for most of the day, stocks marched higher after ...
Federal Reserve Chairman Janet Yellen speaks during a news conference at the Federal Reserve in Washington, Wednesday, Sept. 17, 2014.
Fed keeps rates low, but brace for the inevitable
Sept. 17, 2014
Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear ...
Artist's rendering of proposed stadium.
Developer: Proposed stadium not viable without city chipping in $3M a year
Sept. 17, 2014
A downtown soccer stadium isn’t financially viable without a $3 million annual contribution from the city, a developer for the project said. The response came from Port Telles of ...
Nevada Treasurer Kate Marshall testifies at the Legislature in Carson City on March 2, 2011.
Nevada recoups $50 million investment with bankrupt Lehman Brothers
Sept. 17, 2014
Six years after the collapse of financial firm Lehman Brothers, Nevada has recouped a $50 million investment it made with the now-bankrupt investor. For Treasurer Kate Marshall ...
This undated frame grab shows security video images of a man in his 20s or 30s who punched a sports book employee during a weekend heist at the Palace Station in Las Vegas, according to Metro Police. Witnesses reported seeing a weapon when a robber went behind a counter at the sports betting area on Sunday, Sept. 14, 2014.
Police think robber at Palace Station had a gun
Sept. 17, 2014
Police in Las Vegas now say a man who punched a sports book employee during a weekend heist at the Palace Station casino-hotel may have had a gun. Officer Laura Meltzer says witnesses reported seeing ...
Allegiant Air CEO Maurice “Maury” Gallagher has purchased Chapel of the Flowers wedding chapel north of the Strip.
Allegiant CEO buys Las Vegas Boulevard wedding chapel
Sept. 17, 2014
Allegiant Air boss Maurice “Maury” Gallagher, who’s made a fortune selling cheap plane tickets and a bevy of add-on fees, has entered a new, albeit still low-priced, line of business: Las Vegas weddings. Will the new business venture lead to flight and wedding packages? ...
Warehouse developer Prologis plans to build a 464,203-square-foot facility in North Las Vegas without any tenants lined up. Above, a rendering of the project.
Major speculative industrial project begins in North Las Vegas
Sept. 17, 2014
A Southern Nevada developer plans to build a warehouse that it says will be the area's largest speculative industrial project in years. Prologis, based in San Francisco with ...
Travel website VEGAS.com has a new look. Above, its administrative offices at 2370 Corporate Circle in Henderson display the new logo, as seen Tuesday, Sept. 16, 2014.
VEGAS.com travel site features new look
Sept. 16, 2014
Travel website VEGAS.com has a new look. The site, which lets people buy plane tickets, hotel rooms and show tickets, has overhauled itself with ...

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