Las Vegas Sun

May 1, 2016

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Business

  • World's trade unions rally to mark May Day

    6 hours, 47 minutes ago

    (AP) Trade unions and other groups are staging rallies around the world to mark International Workers Day. A look at some May Day events: FRANCE Fearing France's worker protections are under threat, hundreds of angry youths on the sidelines of a ...

  • U.S. stocks mostly trade higher as energy sector rises

    5 days ago

    (AP) NEW YORK — Stocks finished mostly higher Tuesday in another cautious day of trading. Energy companies climbed in tandem with the price of oil, but technology companies fell. The market wavered between small gains and losses throughout the day. Chemicals ...

  • Stung by low oil prices, Exxon loses ‘AAA’ rating from S&P

    5 days ago

    (AP) NEW YORK — Low oil prices have helped cost Exxon its pristine "AAA" credit rating from Standard & Poor's, a label it held for over six decades. The top "AAA" credit rating from S&P means a company's debt is the ...

  • Freeway views are hot: Homeowners cozy up to urban eyesores

    8 days, 10 hours ago

    (AP) LOS ANGELES — Robert Leviton's loudest neighbor is a 12-lane freeway. The busy stretch of highway that runs alongside his townhouse complex is visible from his north-facing windows. The drone of passing motorists is audible throughout. He can even hear ...

  • Stocks rise ahead of company earnings reports

    20 days, 10 hours ago

    (AP) NEW YORK — Stocks were higher in early morning trading Monday as investors wait for the official start of earnings season. KEEPING SCORE: The Dow Jones industrial average was up 122 points, or 0.7 percent, to 17,695 as of 10 ...

  • U.K.’s Daily Mail circles Yahoo

    20 days, 22 hours ago

    (AP) The owner of Britain's Daily Mail is in early discussions over a bid for the ailing U.S. internet company Yahoo. The Wall Street Journal first reported Sunday that the media company is speaking with private equity firms about an offer. ...

  • SpaceX delivers world’s first inflatable room for astronauts

    21 days, 11 hours ago

    (AP) CAPE CANAVERAL, Fla. — SpaceX has made good on a high-priority delivery: the world's first inflatable room for astronauts. A SpaceX Dragon cargo ship arrived at the International Space Station on Sunday, two days after launching from Cape Canaveral. Station ...

  • Another gain for U.S. stocks, led by banks and tech companies

    1 month, 2 days ago

    (AP) NEW YORK — U.S. stocks rose Wednesday as technology companies traded higher for the second day in a row and consumer companies gained steam as cruise lines rose. The beleaguered financial sector recovered some of its losses from earlier this ...

  • Maryland could be first to hold referendum on fantasy sports

    1 month, 8 days ago

    (AP) ANNAPOLIS, Md. — Maryland would become the first state to let voters decide whether the popular but controversial phenomenon of Internet fantasy sports betting is fully legal, under a bill now pending in the legislature. But if the House of ...

  • Nevadans’ Easter spending expected to break record

    1 month, 10 days ago

    (AP) Nevadans are expected to spend a record $261 million on Easter items this year, the most in 13 years of record-keeping. According to the Nevada Retail Association: The figure marks a 7.4 percent increase over spending in 2015, with dining ...

  • Ex-Intel CEO Andy Grove dies at 79

    1 month, 10 days ago

    (AP) Andy Grove, the former Intel Corp. chief executive whose youth under Nazi occupation and escape from the Iron Curtain inspired an "only the paranoid survive" management philosophy that saved the chip maker from financial ruin in the 1980s, has died. ...

  • Mayor: Atlantic City government will shut down for 3 weeks

    1 month, 11 days ago

    (AP) The mayor of Atlantic City, N.J., says the resort town's dismal finances will force a weekslong shutdown of all nonessential government services starting early next month. Republican Don Guardian said Monday the shutdown would start April 8 and likely last ...

  • Insider Q+A: Bank of America’s Moore on mobile banking

    2 months, 1 day ago

    (AP) CHARLOTTE, N.C.— Banking customers are on the move, and the big national banks are scrambling to keep up. They are working to update their technology and offerings in hopes of nabbing increasingly mobile customers. Both Bank of America and JPMorgan ...

  • NV Energy part of group challenging solar ballot measure

    2 months, 7 days ago

    (AP) NV Energy is one of the groups behind a legal effort to disqualify a proposed referendum, backed by the solar industry, that would restore a prior rate structure for rooftop solar customers. A spokesperson for the utility confirmed NV Energy’s ...

  • Facebook’s ‘like’ button gets ‘angry’ and ‘sad’ as friends

    2 months, 7 days ago

    (AP) Facebook's "like" button isn't going away, but it's about to get some company. Facebook has been testing alternatives to "like" in about a half-dozen countries, including Ireland, Spain and Japan. On Wednesday, Facebook started making "haha," ''angry" and three other ...

  • Alaska to take applications for pot businesses

    2 months, 8 days ago

    (AP) A regulatory board in Alaska will begin accepting applications Wednesday for marijuana business licenses. It's the next step in setting up the state's legal pot industry. To apply for a license, prospective business operators need to have secured a site. ...

  • Hilton apologizes after bed bugs bite Cavs’ Irving

    2 months, 8 days ago

    (AP) Hilton Hotels apologized Tuesday after Cleveland Cavaliers guard Kyrie Irving said he was bitten by bed bugs during a weekend stay in downtown Oklahoma City. Irving played just nine minutes on Sunday in a win over the Oklahoma City Thunder. ...

  • Gates backs government efforts in Apple case

    2 months, 8 days ago

    (AP) Bill Gates is supportive of investigators' efforts to force Apple to help them crack into an iPhone used by one of the San Bernardino shooters, saying a balance needs to be struck between government access and the need to preserve ...

  • Surge in crude oil pushes energy, other stocks higher

    2 months, 9 days ago

    (AP) NEW YORK — Stocks are jumping Monday as the price of oil surges, lifting energy stocks as well as mining and chemicals companies. The stock market is coming off its best week of the year and has recovered its losses ...

  • MGM fourth quarter loss driven by impairment charge, weakness in Macau

    2 months, 13 days ago

    (AP) [{"text":"The Sun's gaming coverage","url":"http://vegasinc.com/business/gaming/"}] MGM Resorts, the casino giant whose Strip properties include the Bellagio, Aria and MGM Grand, reported its fourth-quarter and full-year earnings today. Company: MGM Resorts International (NYSE: MGM) Revenue: $2.19 billion for the fourth quarter, down ...

  • Fired Wal-Mart worker awarded $31M in suit

    3 months, 3 days ago

    (AP) A jury has awarded more than $31 million in damages to a former Wal-Mart pharmacist in New Hampshire who claimed she was wrongly fired after reporting safety concerns about co-workers dispensing prescriptions. Maureen McPadden was a 13-year employee who reported ...

  • Starting Thursday, UberX to pick up at LAX

    3 months, 12 days ago

    (AP) Passengers arriving at Los Angeles International Airport will be allowed to leave in an UberX car starting Thursday morning. LAX was a notable holdout against Uber's cheapest ride-hailing service, as taxi companies lobbied to keep out a potent competitor. After ...

  • Sears to close a handful of Kmart stores

    3 months, 19 days ago

    (AP) NEW YORK — Sears Holdings Corp. is confirming it's closing a handful of Kmart stores across the country by mid-April as it continues to trim its ailing fleet. Howard Riefs, a spokesman for the Hoffman Estates, Illinois-based parent, which also ...

  • Suit: Wal-Mart sold ammo used in 3 killings

    3 months, 26 days ago

    (AP) Families of three people killed in Pennsylvania last year are suing Wal-Mart, alleging the retail giant sold ammunition used in the slayings to a man who was underage and drunk. Wal-Mart employees in Easton were negligent in selling .38-caliber ammunition ...

  • TransCanada to challenge Keystone rejection

    3 months, 26 days ago

    (AP) The Canadian company that proposed the Keystone XL oil pipeline has filed a lawsuit over the U.S. government's rejection of the project and says it plans a second legal challenge. TransCanada on Wednesday filed a federal lawsuit in Houston alleging ...

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