Las Vegas Sun

December 4, 2008

Unemployment tax rate to remain same
Wednesday, December 3, 2008
By Cy Ryan
Despite the rising number of people who are jobless, Nevada businesses won’t get hit with a higher unemployment tax rate next year.
Governor's annual tourism conference canceled
THE ECONOMY: Gibbons, Krolicki expected to devote time to Legislature’s special session
Tuesday, December 2, 2008
By Richard N. Velotta
The tourism industry’s premiere event in the state, the annual Governor’s Conference on Tourism, has been canceled.
Dow nosedives nearly 680 on consumer spending worries
THE ECONOMY:
Monday, December 1, 2008
Sara Lepro and Tim Paradis, AP Business Writers
The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. All the major indicators fell more than 7 percent, with the Standard & Poor's 500 index down nearly 9 percent.
Shoppers stand in line waiting to check out at Toys "R" Us just before 1 a.m., about an hour after the store opened its doors for Black Friday.
Black Friday brings out bargain hunters
Crowds stand in line, brave morning chill in search of early holiday deals
Friday, November 28, 2008
By Cydney Cappello, Amanda Finnegan, Jeff Pope
Neither rain, nor fog, nor gloom of night could keep die-hard deal hunters away from shopping early this Black Friday.
In crisis, small banks spot opportunity
DAILY MEMO: BANKING: Prudence, local relationships are paying off for many
Wednesday, November 26, 2008
By Brian Eckhouse
James York, chief executive of the Bank of North Las Vegas, first heard community banks could be endangered almost two decades ago. Now, the fear has returned.
General Growth stock surges on news of purchase
Tuesday, November 25, 2008
By Home News Staff
There's finally a bit of good news for the beleaguered stockholders of General Growth Properties Inc., the Chicago real estate giant that is a big player in the Las Vegas economy.
Construction activity ended a 23-month decline last month in Clark County. The state reported that the sale of building material and garden equipment in Clark County rose 5 percent after nearly two years of declines each month. In this photo is the $300 million ManhattanWest condominium project, which is to be finished in 2012.
Taxable sales continue slump, construction up in Clark County
Despite fall, sales tax numbers bolstered by amnesty program
Monday, November 24, 2008
By Cy Ryan
Taxable sales in Clark County fell 6.3 percent to $2.8 billion in September, the fourth decline in the last six months, the state Department of Taxation reported. Statewide taxable sales fell 5.2 percent to $3.9 billion.
Clark County jobless rate soars to 7.5 percent
economy:
Friday, November 21, 2008
By Cy Ryan
The October unemployment rate in Clark County matched a record tying mark of 7.5 percent, set in June 1992. The number of workers employed in construction and manufacturing fell in October, compared to the previous month in the Las Vegas area.
Design Center to open this weekend for charity
Thursday, November 20, 2008
By Mark Hansel
Las Vegas Design Center at World Market Center Las Vegas will be open to the public from 9 a.m. to 5 p.m. Nov. 21 and 22 for a special sample sale that benefits three local charities.
Gaming Commission OKs Dubai World-MGM partnership
Thursday, November 20, 2008
By Richard N. Velotta
The Nevada Gaming Commission has approved the licensing of Dubai World, a government-owned megacorporation based in the United Arab Emirates, as a partner of MGM Mirage.
General Growth hires bankruptcy lawyers
Thursday, November 20, 2008
By Home News Staff
General Growth Properties Inc., owner of several Las Vegas malls and developer of the massive Summerlin planned community, today confirmed it has hired bankruptcy attorneys to advise the company as it struggles to refinance debt.
Wireless company to offer free turkeys
Thursday, November 20, 2008
By Stephanie Tavares
Pre-paid wireless provider Cricket Communications is giving free Thanksgiving meal kits to Las Vegas families.
Big bonuses in Republic merger
COUNTY COMMISSION:
Wednesday, November 19, 2008
By Michael Mishak , Joe Schoenmann
A proposed $5 billion merger between Republic Services and Allied Waste Industries Inc. includes compensation packages totaling $71 million to $152 million for the top people at the companies, according to a filing with the Securities and Exchange Commission.
Home prices show signs of stability in October
Tuesday, November 18, 2008
By Brian Wargo
Price depreciation of existing homes sold in October slowed to its lowest level since April as sales remained strong despite the lingering credit crunch.
Bank of Nevada's parent to sell shares to Treasury
Thursday, November 13, 2008
By Nicole Lucht
Western Alliance Bancorp announced today it has received preliminary approval to sell $140 million in preferred stock and warrants to the Treasury Department, part of a $250 billion fund to inject money into banks.

From The Gaming & Business Blog

Casino companies, even the competition, wish Aliante well
While the buzz at Station Casinos’ Aliante Station grand opening party Tuesday was shaded with concern about the company’s ability to generate decent money at ...
Casino stocks plunge to new lows
Sun archives Headlines from the Vegas gaming industry Major casino stocks hit new all-time lows today, their shares pulverized by panicking investors on a day ...
MGM Mirage stock still on downslide
Those investors who figured MGM Mirage couldn't trade much below $20 a share a few weeks ago got another nasty surprise today, when bond rating ...
MGM Mirage announces end to bonuses
While some Strip operators have been cagey about layoffs, firings and other employee moves during this time of economic turbulence, MGM Mirage appears to be ...
MGM Mirage splits from Nevada Resort Association
MGM Mirage Nevada Resort Association Citing cost-cutting measures, MGM Mirage said today the company has resigned from the Nevada Resort Association, the casino industry's primary ...

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Grand opening of Frankie's Tiki Room

Grand opening of Frankie's Tiki Room

(12:01 a.m. to 11:59 p.m. Frankie's Tiki Room)