Las Vegas Sun

July 1, 2016

Currently: 97° — Complete forecast

Business

  • China-led development bank approves first loans

    6 days, 10 hours ago

    (AP) BEIJING — A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain's vote to leave the European Union, the bank's president said Saturday at its first annual meeting. The Asian Infrastructure Investment ...

  • U.S. stocks rise as Yellen takes careful tone before Congress

    10 days, 3 hours ago

    (AP) NEW YORK — U.S. stocks rose Tuesday as investors were relieved to hear Federal Reserve Chair Janet Yellen say the Fed would remain cautious in raising interest rates. Stocks hardly budged for most of the day as investors were occupied ...

  • Disney opens ‘distinctly Chinese’ Shanghai park

    15 days, 18 hours ago

    (AP) Walt Disney Co. opened its Shanghai theme park Thursday, its first in mainland China, with speeches by Communist Party leaders, a Chinese children's choir, Sleeping Beauty and other Disney characters. A Chinese vice premier joined Disney CEO Bob Iger in ...

  • Monte Carlo rebrands as Park MGM and NoMad

    28 days, 10 hours ago

    (AP) Today’s announcement that Monte Carlo will be redesigned as two hotels — Park MGM Grand and NoMad Las Vegas — keeps a promise by MGM Resorts International Chairman and CEO Jim Murren to refrain from naming properties for international tourist ...

  • Firm: New casinos could kill half of Atlantic City’s 8 casinos

    28 days, 15 hours ago

    (AP) ATLANTIC CITY, N.J. — A Wall Street analyst predicts as many as half of Atlantic City's eight casinos could be forced to close if voters in November approve two new casinos just outside New York City. A Monmouth University poll ...

  • Casino tests novel approach to preventing gambling addiction

    1 month ago

    (AP) [{"text":"More gaming coverage","url":"http://vegasinc.com/business/gaming/"}] BOSTON — Massachusetts is set to launch this week a first-in-the-nation system allowing slot players to limit their bets, following months of planning and some pushback from the gambling industry. The goal is to prevent casual players ...

  • Verizon, unions reach deal in principle for 4-year contract

    1 month, 4 days ago

    (AP) NEW YORK — Striking Verizon employees may be back to work next week after the company and its unions reached an agreement in principle for a four-year contract. About 39,000 landline and cable employees in nine Eastern states and Washington, ...

  • U.S. economy showing signs of life after slow start to year

    1 month, 5 days ago

    (AP) WASHINGTON — The U.S. economy is showing signs of more life after a less-than-stellar start to the year. The government said Friday that first-quarter growth, while disappointing, wasn't as bad as first thought. And a number of more recent indicators ...

  • U.S. stocks climb for second day as oil prices rise

    1 month, 7 days ago

    (AP) NEW YORK — U.S. stocks are continuing to climb Wednesday morning, and energy companies are leading the way as the price of oil continues to climb. A deal between Hewlett Packard Enterprise and Computer Sciences is sending both companies higher. ...

  • Sandoval getting crash course in pro video gaming

    1 month, 19 days ago

    (AP) Gov. Brian Sandoval and other members of a Nevada gambling policy committee are getting a crash course on professional video gaming. The Gaming Policy Committee is meeting today in Las Vegas to discuss economic development opportunities for Nevada in esports. ...

  • U.S. stocks finish little changed after weak employment report

    1 month, 20 days ago

    (AP) NEW YORK — U.S. stocks ended pretty much where they started Thursday after spending the day cycling up and down. Investors bought safe picks like phone companies and food makers after a surprisingly weak report on the job market. Stocks ...

  • World’s trade unions rally to mark May Day

    2 months, 1 day 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

    2 months, 6 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

    2 months, 6 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

    2 months, 9 days 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

    2 months, 21 days 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

    2 months, 21 days 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

    2 months, 22 days 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

    3 months, 3 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

    3 months, 9 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

    3 months, 11 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

    3 months, 11 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

    3 months, 12 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

    4 months, 2 days 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

    4 months, 8 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 ...

  • Get More Business Stories