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August 2, 2014

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Business and Economy

American Airlines planes sit at a gate at Washington's Ronald Reagan National Airport, Nov. 29, 2011.
U.S. citations against airlines soar
Aug. 2, 2014
Sometimes airfares are just too good to be true. Southwest Airlines sent an online offer to about 10 million people in January 2013 for flights from Dallas to Branson, Mo., for a bargain price of $66. But fliers who tried to book the fares couldn’t find seats for the sale period — an error the airline blamed on a technical glitch.
Brian Greenspun took over outright possession of the Las Vegas Sun and its parent company, Greenspun Media Group, on Tuesday, July 1, 2014. Greenspun announced the agreement at the GMG offices in Henderson.
Las Vegas Sun owner joins Barrick Gold Corp. board of directors
Aug. 2, 2014
Las Vegas Sun owner and publisher Brian Greenspun has joined the board of directors at Barrick Gold Corp., the world’s biggest gold-mining company ...
In this June 6, 2007, file photo, Bally Technologies slot machines are showcased at the Palms hotel-casino in Las Vegas. Scientific Games on Friday, Aug. 1, 2014, said it will pay about $3.3 billion to buy slot machine maker Bally Technologies in a cash deal that expands its casino management system portfolio.
Bally move makes it one of two industry 'behemoths,' analyst says
Aug. 1, 2014
A $3.3 billion merger between Scientific Games and Bally Technologies will make the newly combined gambling equipment company one of two giants in its industry. It comes on the heels of ...
Plan calls for $26.7 million state funding request to launch UNLV medical school
Aug. 1, 2014
Planning for the proposed UNLV School of Medicine took a step forward Friday with the unveiling of a business plan calling for the state of Nevada to spend ...
S&P 500 has its worst week in 2 years
Aug. 1, 2014
U.S. stocks fell for a second day Friday, adding to the massive sell-off the day before and giving the market its worst week in two years. Investors found little reason to move money into stocks, faced with the growing geopolitical concerns in Israel and Ukraine, as well as...
This Wednesday, Aug. 22, 2012, file photo of an artist rendering provided by MGM Resorts International via The Republican shows part of a proposed casino complex in Springfield, Mass.
MGM Resorts finalizes purchase of 2 Massachusetts properties
Aug. 1, 2014
MGM Resorts International has taken ownership of two city-owned properties in downtown Springfield as it plans to build an $800 million casino there. City and casino officials confirmed Friday that the Las Vegas-based casino giant closed on the...
Macau casino revenue falls for 2nd straight month
Aug. 1, 2014
Casino revenue in the global gambling mecca of Macau fell for a second straight month in July as Chinese high rollers stayed away because of Beijing's corruption crackdown. Official data released Friday show that revenue fell...
US employers add 209K jobs; unemployment rate rises to 6.2 percent
Aug. 1, 2014
U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery. July's gain was...
Jose Figueroa of Puerto Rico looks over slot machines in Bally Technologies' Pro Wave cabinets during the G2E convention at the Sands Expo Center Tuesday, Sept. 24, 2013.
Scientific Games strikes $3.3B deal to buy Bally Technologies
Aug. 1, 2014
Scientific Games plans to pay about $3.3 billion to buy Las Vegas-based Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games. The electronic gambling machine maker said Friday that it will pay $83.30 for each share of Bally. That amounts to a 38 percent premium to Bally's closing price of...
United States' John Brooks, second from left, scores his side's second goal during the group G World Cup soccer match between Ghana and the United States at the Arena das Dunas in Natal, Brazil, Monday, June 16, 2014.
How popular has soccer become in the U.S.? Check out Nevada’s betting revenue
Aug. 1, 2014
In another sign that the American public is embracing soccer more than ever, the Nevada gaming industry appears to have cashed in on this year's World Cup at a record level. Silver State sports books raked in ...
Boyd Gaming sees slight dip in quarterly revenue
Boyd Gaming sees slight dip in quarterly revenue
July 31, 2014
Las Vegas-based Boyd Gaming, whose local properties include Main Street Station, Gold Coast and the Orleans, announced its second quarter earnings ...
James Packer, executive chairman of Publishing and Broadcasting Limited and Australia's richest person, answers questions after a speech at the Astra Conference on subscription television in Sydney, Australia, on March 15, 2007.
Billionaire James Packer seeking return to Las Vegas
July 31, 2014
Australian billionaire James Packer is in talks to develop a Las Vegas Strip resort on land once occupied by the New Frontier after buying a piece of a loan backed by ...
This undated image provided by Target Corp. shows newly named CEO Brian Cornell. The Minneapolis-based company on Thursday, July 31, 2014, said that it named the PepsiCo executive to the top spot, replacing John Mulligan, who had been acting as interim chief executive since May.
Target taps outsider as CEO for needed shakeup
July 31, 2014
Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers. The Minneapolis-based company said Thursday that it named...
This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. U.S. stocks slumped Thursday, July 31, 2014, as investors reacted to disappointing corporate earnings reports and assessed the implications of the approaching end to economic stimulus from the Federal Reserve.
US stocks plunge, wiping out July’s gains
July 31, 2014
U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. The drop interrupted ...
The co-owners of Smokeys BBQ, Rosco Carrasco, left, with brisket, and Paul Calhoun with pork ribs, are being faced with passing higher prices on to their customers.
Short supply of beef and pork is creating largest price increase in years
July 31, 2014
Soaring meat prices are hitting producers, suppliers and consumers across the country. The price of beef and veal shot up more than 10 percent from June 2013 to June 2014, according to the most recent Consumer Price Index. Pork prices rose by 12 percent. The largest price increases in three years are driven by ...

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