Las Vegas Sun

December 18, 2014

Currently: 52° — Complete forecast | Log in

Daily, local business news powered by Las Vegas Sun and VEGAS INC.

Business and Economy

An exterior view of the Cosmopolitan hotel-casino in Las Vegas.
Gaming regulators OK $1.73 billion sale of Cosmopolitan
Dec. 18, 2014
The sale of the Cosmopolitan of Las Vegas cleared its last regulatory hurdle today when the Nevada Gaming Commission approved the $1.73 billion transaction. The sale was ...
IT director brings efficiencies to local janitorial supply company
Dec. 18, 2014
Whether you're a tourist or long-time resident, if you’ve wandered into a public restroom, a restaurant kitchen or Las Vegas hotel room, you’ve probably come across a Brady Industries product or service...
Sam Nazarian, CEO at SBE Entertainment, speaks during a press conference at SLS Las Vegas on Friday, Aug. 22, 2014.
SLS visionary Sam Nazarian gets limited gaming license
Dec. 18, 2014
Sam Nazarian, the Los Angeles nightclub tycoon and visionary behind SLS Las Vegas, was awarded a limited gaming license from Nevada regulators today. But under terms of the license ...
This Oct. 24, 2014, photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J.
Carl Icahn promises Taj Mahal casino $20 million to stay open
Dec. 18, 2014
Billionaire investor Carl Icahn pledged $20 million on Thursday to keep Atlantic City's Taj Mahal casino open indefinitely, eliminating a plan to shut it down early ...
Judge to decide evidence issue in gambling case
Dec. 18, 2014
A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was ...
Senate Majority Leader Harry Reid walks to meet with fellow Democrats on Tuesday, Dec. 16, 2014, on Capitol Hill in Washington, D.C. When the 114th Congress convenes in January, Reid and his party will be the minority.
Congressional session is finally over: So what was in it for Nevada?
Dec. 18, 2014
Tax breaks and lands bills got the OK and Yucca Mountain got another stiff-arm during the lame-duck session of Congress, but Nevada lawmakers didn't get everything ...
Reid Gardner Station, a coal fired power plant in Moapa, is shown on Friday, Dec. 7, 2007.
Regulators again reject Moapa solar plant; Reid Gardner still set to close this month
Dec. 17, 2014
State regulators quashed NV Energy’s plans to build a 175-megawatt solar farm on the Moapa Band of Paiutes’ Indian Reservation, saying the company was trying to ...
Tourists pose in front of the iconic Welcome to Fabulous Las Vegas sign in this file photo.
Las Vegas breaks own record with 40 million visitors
Dec. 17, 2014
Las Vegas tourism officials say 40 million people have visited the destination in 2014, breaking an all-time record for the gambling and entertainment hub. The Las Vegas Convention and Visitors Authority ...
Fed promises ‘patient’ approach to rate hikes
Dec. 17, 2014
The Federal Reserve is signaling that it's edging closer to raising interest rates from record lows because of a strengthening U.S. economy and job market. But it is promising to be "patient" in determining when to raise rates. The Fed said ...
Report: Nevada Hispanics increasingly helping drive state’s economy
Dec. 17, 2014
The Hispanic community is a growing force driving Nevada's economy, garnering more than $8 billion in after-tax income during 2013 while also ...
Trend Nation workers prepare orders as they enter the busiest week of the shopping season within a 33,000 square foot facility in Las Vegas sending 10,000 last-minute orders on Tuesday, December 16, 2014. L.E. Baskow.
Move over, Zappos: There’s another online retailer in town
Dec. 17, 2014
Trend Nation is Las Vegas’ own e-commerce site, selling everything from wallets to bags to goblets decorated with plastic jewels. So far this year, the company has generated more than $19 million in revenue.
Hyde Park Middle School teachers Stephanie Cooper and Shay Bassett talk during a teachers union rally at the Clark County School District administration building on Wednesday, Feb. 8, 2012. About 100 teachers rallied at the West Sahara building to protest potential layoffs and working conditions.
Battle lines: Why unions are preparing for assault in Legislature
Dec. 17, 2014
Public employee unions are gearing up for a battle against Republicans in the 2015 legislative session. Conservative lawmakers and activists are rallying to upend some of the state’s collective bargaining laws, the rules that guarantee unions the right to negotiate ...
A vacant home is shown in North Las Vegas April 2, 2013. A neighbor said it has been vacant for about six months. (1513  Splinter Rock, North Las Vegas)
Las Vegas’ underwater mortgage rate improving but still worst in nation
Dec. 16, 2014
Some 27.8 percent of local homeowners with mortgages were upside-down — meaning their debt outweighs their home’s value — in the third quarter. That’s down from 39.6 percent a year ago and ...
The exterior of Hakkasan at MGM Grand on Thursday, June 6, 2013, on the Las Vegas Strip.
Nightclub operator Hakkasan acquiring Light Group in $36 million deal
Dec. 16, 2014
Hakkasan Group initiated a major shakeup of the Strip’s nightlife business today with plans to acquire another prominent nightlife company, The Light Group, for $36 million. Morgans Hotel Group ...
A view of new home construction in Summerlin Wednesday, July 30, 2014.
Report: Housing outlook not ‘warm and fuzzy’
Dec. 16, 2014
With home sales and construction plans sliding and prices flat, there’s little reason to feel “warm and fuzzy” about Las Vegas’ housing market next year, a new report says. Builders sold ...

Email Newsletters

To view/update your newsletter subscriptions and interests, please visit our Preference Center.

Most Popular

  • Viewed
  • Discussed
  • E-mailed