Business and Economy - Las Vegas Sun

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Fireworks explode over the Aria hotel-casino during the official opening Wednesday, Dec. 16, 2009. Aria is the centerpiece of the $8.5 billion CityCenter project, which is a partnership between MGM Mirage and Dubai World.

CityCenter, lead contractor dispute $492 million claim: March 12, 2010; By Steve Green; MGM Mirage today disclosed that disputes have emerged involving hundreds of millions of dollars between its CityCenter joint venture and the $8.5 billion project's primary general contractor. Perini Building Co. on Thursday delivered a notice of its intent to file mechanics’ liens totaling about $492 million against CityCenter.

MGM Mirage to sell its stake in Atlantic City's Borgata: March 12, 2010; By Steve Green; MGM Mirage today said it entered into a settlement agreement with the New Jersey Division of Gaming Enforcement under which it will sell its 50 percent stake in the Borgata and related leased land in Atlantic City.

Friends are all around: March 12, 2010; We’ve all heard the rap about living in Las Vegas.

Recession an opportunity for a new Nevada?: March 12, 2010; By Buck Wargo; Nevada has a chance to redefine itself during this recession and its future is bright once the national and global economies improve, according to the chief economist for Wells Fargo & Co.

HOAs suffer during recession: March 12, 2010; By Buck Wargo; Foreclosures are taking a toll on some Las Vegas homeowner associations, some of which are closing pools and deferring maintenance as they deal with a drop in revenue.

Federal funds will help LV economy: March 12, 2010; Rick Shelton; When President Barack Obama came to town last month and announced that Nevada will get about $100 million to help homeowners, friends, fellow Realtors and others asked me how this would help Southern Nevada.

Business ABCs: Attendees learn about how to start or expand a business from a panel of experts during the Henderson Entrepreneur Fair.

Would-be businesses learn from mentors: March 12, 2010; By Buck Wargo; It seems like everyone wants to start a small business or be the budding entrepreneur these days — and many point to the economy as the reason.

Apartment owners face tough circumstances: March 12, 2010; By Buck Wargo; Nevada is not only at the top of the list when it comes to home foreclosures — the state leads the nation in the percentage of delinquent loans for apartment complexes.

Two trade shows have different strategies for Las Vegas: March 12, 2010; By Richard N. Velotta; Little by little, the convention and trade show industry is rebounding.

King of clubs: Michael Morton, co-founder of the N9NE Group, is shown at Nove Italiano restaurant, one of his seven cutting-edge venues at the Palms.

Q&A: Michael Morton, developer and operator of the N9NE Group: March 12, 2010; By Richard N. Velotta; It’s no surprise that Michael Morton, the developer and operator of the upscale N9NE Group restaurants and nightclubs at the Palms, is where he is today.

In this file photo, home building continued in Anthem in late 2008 and in other Pulte Homes and Del Webb communities in the valley.

Homebuilders Pulte and Lennar sue AG over hiring of law firm to probe lending: March 11, 2010; By Steve Green; Home building giants Pulte Homes Inc. and Lennar Corp. are suing Attorney General Catherine Cortez Masto, charging she improperly hired a union-affiliated law firm to investigate predatory mortgage lending allegations.

Companies announce plans for wind turbine manufacturing plant: March 11, 2010; By Sun Staff; A consortium of companies announced plans today to develop a plant in the Las Vegas area that would employ about 1,000 people for manufacturing wind turbines. The 320,000-square-foot plant would be one of the largest manufacturing employers in Southern Nevada.

MGM Mirage, Cox recognized as leaders in diversity: March 11, 2010; By Steve Green; Las Vegas-based MGM Mirage has once again landed on an important national list of the nation’s top companies for diversity. The casino-resort operator is the only Nevada-based company and the only gaming company on DiversityInc’s 2010 Top 50 Companies For Diversity list issued Wednesday.

February home foreclosures fall sharply in Nevada: March 10, 2010; By Buck Wargo; Nationwide, the number of foreclosures filed in February rose 6 percent compared to February 2009, but Nevada bucked that trend with foreclosure filings down 30 percent, according to California-based RealtyTrac.

Gaming companies say thank you to Harry Reid in bright lights: March 10, 2010; By Sun Staff; Las Vegas gaming companies were showing in a very public way their appreciation to Senate Majority Leader Harry Reid for his role in ushering tourism legislation through Congress.

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Framing Contractors Association (Fri., 7 a.m.)
Kiwanis of Las Vegas (Wed., noon)
Lean for the Office (Tue., 8:30 a.m.)
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Entrepreneur Awards
Nov. 3, 2009
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Oct. 28, 2009
Sir Awards (IBLV)
Oct. 22, 2009
Diversity in Action
Sep. 23, 2009
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Jun. 25, 2009

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In Business TV

Dec. 11 Bank of America responds to criticism from U.S. Sen. Majority Leader Harry Reid about its home loan modification program. Plus, a couple of veteran gamers ... Watch »

Dec. 4 Five years and $8.5 billion later, Citycenter opens its doors during bleak times. Will the gamble pay off? Plus, will a move to ensure union ... Watch »

Nov. 27 Federal,state and local authorities join forces to fight mortgage fraud. Plus,a local doctor cops a plea in the medical mafia case. And, is the recession ... Watch »

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