Las Vegas Sun

April 29, 2016

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Business and Economy

Maurice Gallagher, chairman and CEO of Allegiant Travel Co., has stakes in various ventures outside the airline industry.
Allegiant boss Gallagher receives near $3 million bonus
April 29, 2016
Reaping a windfall from record profits, Allegiant Air boss Maurice “Maury” Gallagher booked a nearly $3 million bonus last year, far above his usual payout, the company disclosed ...
Oakland Raiders owner Mark Davis stands with local Raiders fans after a meeting of the Southern Nevada Tourism Infrastructure Committee on Thursday, April 28, 2016, at UNLV.
What will $500M get you in Las Vegas? Raiders owner hopes it’s home for his team
April 29, 2016
The long-running search to find a new home for the Oakland Raiders took a step forward Thursday when owner Mark Davis said he wants to move the franchise to ...
A view of the Tropicana on the Las Vegas Strip, May 5, 2008.
Tropicana owner Penn National gaming grows revenue, earnings in first quarter
April 28, 2016
Penn National Gaming, the casino company that owns the Tropicana and operates M Resort, reported its first-quarter earnings today ...
Vivint Solar employees install solar panels on a home. The company operates in 10 states.
Panel agrees existing solar customers should pay old power rate
April 28, 2016
Representatives from NV Energy, the state Bureau of Consumer Protection and solar companies agreed in principle today that most existing rooftop solar customers should ...
In this Thursday, May 9, 2013, file photo, two Allegiant Air jets taxi at McCarran International Airport in Las Vegas.
Allegiant Travel revenue, earnings up in 1st quarter
April 27, 2016
The parent company of Las Vegas-based Allegiant Air, an ultra-low-cost carrier that flies mostly from small, underserved cities to warm-weather tourist spots, reported earnings today for ...
A senior living community planned for the Union Village health care complex in Henderson will look similar to Franklin Park Sonterra in San Antonio, pictured here.
Construction set for senior community at Henderson’s Union Village
April 27, 2016
Construction of a senior living community at Union Village, a 170-acre health care complex being built in Henderson, should begin later this year, developers ...
This file photo shows Red Rock Resort in Summerlin.
With new corporate name, Station Casinos IPO raises more than $531 million
April 27, 2016
Shares of Red Rock Resorts Inc., the new corporate name of Station Casinos, began publicly trading on the Nasdaq Stock Market today after the company raised more than $531 million in ...
In this March 4, 2015, photo, an order of McDonald’s Chicken McNuggets is displayed for a photo in Olmsted Falls, Ohio.
McDonald’s testing McNugget recipe without preservatives
April 27, 2016
McDonald's is testing Chicken McNuggets with no artificial preservatives as it works to revive its U.S. business. The world's biggest hamburger chain says it began testing the new recipe in about 140 stores in Oregon and Washington in March. It's the latest move by McDonald's to step up the quality of its food as it ...
A view of Parkway Townhomes, formerly Camden Summit Apartments, 2675 Windmill Parkway, on Tuesday, April 26, 2016, in Henderson. On Tuesday, Camden Property Trust announced the sale of 15 properties, a retail center and undeveloped land in the Las Vegas Valley.
15 apartment complexes sold for $600 million might set precedent in Las Vegas
April 27, 2016
A Houston real estate giant has sold more than a dozen Las Vegas Valley apartment complexes, in what’s said to be the largest, local apartment deal in memory. Camden Property Trust announced Tuesday that it sold 15 apartment complexes, a retail center and about 19.6 acres of undeveloped land for $630 million combined. The company did not name the buyers. But people with knowledge of the deal said ...
Federal Reserve Board Chair Janet Yellen testifies on Capitol Hill in Washington, Wednesday, Feb. 10, 2016, before the House Financial Services Committee hearing on monetary policy and the state of the economy.
No Fed rate hike expected today, but what about in June?
April 27, 2016
On this, pretty much every economist agrees: The Federal Reserve will keep interest rates unchanged when it ends its latest policy meeting Wednesday. What's unclear is whether ...
Developers to present $1.2 billion downtown Reno project
April 27, 2016
The developers of a $1.2 billion redevelopment project in downtown Reno that includes plans for two hotels, residential and office space are set to present their proposal to ...
Land investors gobble up 800 acres in BLM auction
April 26, 2016
After passing on hundreds of acres at government auctions last year, Las Vegas land investors scooped up almost everything offered Tuesday and paid above the asking price ...
U.S. stocks mostly trade higher as energy sector rises
April 26, 2016
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 ...
Stung by low oil prices, Exxon loses ‘AAA’ rating from S&P
April 26, 2016
Low oil prices have helped cost Exxon its pristine "AAA" credit rating from Standard & Poor's, a label it held for over six decades ...
New iPhone SEs displayed at a product launch event in Cupertino, Calif., March 21, 2015.
Apple reports iPhone sales down; 1st revenue drop since 2003
April 26, 2016
Apple says quarterly revenue fell for the first time in more than a decade, as iPhone sales fell compared with a year ago. That's putting more pressure on the world's most valuable public company ...