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July 31, 2014

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Business and Economy

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 ...
Las Vegas Strip’s first bitcoin ATM becomes operational
July 30, 2014
For those willing to take a chance on the digital currency bitcoin, there's a new way to get cash on the Strip. As with a regular ATM, people who use this ...
Nevada taxable sales up 8 percent in May
July 30, 2014
Taxable sales, one indicator of the economy, rose by 8 percent in May compared to the same month a year ago, spurred by business in Clark and Washoe counties. The state Department of Taxation reported...
An Allegiant Airlines jet takes off from McCarran International Airport on Friday, Aug. 26, 2011.
Jackson-Orlando flights in works with Allegiant
July 30, 2014
ow-cost carrier Allegiant Air and Jackson airport officials are awaiting federal approval of two direct flights a week to and from Orlando, Florida. The airline is seeking a subsidy from the...
This undated file product image provided by Hyundai shows the 2013 Hyundai Sonata.
Hyundai recalls 883,000 Sonatas to fix gear shifters
July 30, 2014
Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. The recall covers 883,000 cars from the 2011 through 2014 model years. The Korean automaker says ...
Task force: Graduate medical education a key to solving Nevada’s doctor shortage
July 30, 2014
While UNLV continues to form a budget proposal for its medical school, a governor’s task force has recommended that the state spend $12 million to ...
Cass Via, a maintenance worker at the High Roller, looks over a home listing in his RV at the Oasis Las Vegas RV Resort Tuesday, July 29, 2014. Via is in the market for a house but says he will be buying a pre-owned home, not a new one.
New-home sales in Las Vegas slide in first half of 2014
July 30, 2014
Sales of new homes in the Las Vegas Valley are down sharply in the first six months of this year compared with the first half of last year. Prices have risen dramatically and builders continue to pull permits, but the reasons some prospective buyers aren't closing deals are ...
In this Feb. 2, 2013, file photo, a smartphone display shows the Twitter logo.
Twitter’s quarterly results soar, stock flies high
July 29, 2014
The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue ...
An exterior view of the Wynn and Encore Tuesday, November 15, 2011.
Wynn Resorts 2nd-quarter profit rises on Las Vegas strength
July 29, 2014
Wynn Resorts Ltd.'s second-quarter earnings increased 57 percent, bolstered by strong results in Las Vegas. The casino operator's adjusted profit topped...
Synek's co-founder Steve Young, left, and Strategic Director Michael Werner show their "Keurig machine for beer," for which a successful Kickstarter campaign has seen them raise more than $648,000 for development, manufacturing and marketing expenses.
‘Keurig machine for beer’ gets outpouring of interest
July 29, 2014
At the end of a 30-minute interview with Steve Young this month, a colleague of the beer entrepreneur checked his smartphone, leaned over and told him, “We just made another $5,000.” By then, Young was checking his phone many, many times a day. Since the 28-year-old launched a crowdfunding campaign on Kickstarter on June 24 for what has been dubbed the “Keurig machine for beer,” the St. Louis resident said he’s getting a thousand messages daily from people around the world inquiring about the product, eight months before it’s available for sale.
Pedestrians stroll with drinks at the Fremont Street Experience Thursday, July 17, 2014.
Police facing bigger crowds on streets downtown, on the Strip
July 28, 2014
Downtown’s rebirth is gaining so much steam and the way tourists are enjoying Las Vegas is changing so fundamentally that it’s forcing Metro Police to change the way they ...

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