Las Vegas Sun

June 22, 2018

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Business

  • Fed raises key rate and sees possible acceleration in hikes

    9 days, 12 hours ago

    (AP) WASHINGTON — The Federal Reserve is raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases because of solid economic growth and rising inflation. The Fed now ...

  • Borgata in Atlantic City will take sports bets Thursday morning

    9 days, 14 hours ago

    (AP) ATLANTIC CITY, N.J. — Atlantic City's Borgata casino will start taking bets on sporting events Thursday morning. The casino told The Associated Press it will begin taking sports bets at 11 a.m. That's 30 minutes after Gov. Phil Murphy places ...

  • New Jersey governor: No timetable to act on sports bets

    13 days, 21 hours ago

    (AP) TRENTON, N.J. — New Jersey Gov. Phil Murphy said Friday his state will have sports betting "sooner rather than later," but gave himself no timetable to act on a bill to legalize it. Speaking a day after the state Legislature ...

  • The highest-paid CEOs by state

    26 days, 21 hours ago

    (AP) Here are the top-paid CEOs by state for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements ...

  • US home sales fell 2.5 percent in April

    28 days, 3 hours ago

    (AP) WASHINGTON — U.S. sales of existing homes tumbled 2.5 percent in April — with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market. The National Association of Realtors said Thursday ...

  • Historic Reno neighborhood tops preservation list

    1 month, 3 days ago

    (AP) RENO — A 19th century neighborhood on the edge of the UNR campus tops a historic preservation group's new list of Nevada's 11 most endangered places. The Goldfield High School, built in the central Nevada gold-mining town in 1907, and ...

  • More businesses, including Strip casinos, are mellowing out over hiring pot smokers

    1 month, 18 days ago

    (AP) [{"text":"CCSD wants marijuana money to help pay for teacher raises","url":"https://lasvegassun.com/news/2018/may/02/ccsd-wants-marijuana-money-help-pay-teacher-raises/"},{"text":"Nevada pot sales in February continue to outpace projections","url":"https://lasvegassun.com/news/2018/apr/23/nevada-pot-sales-in-february-continue-to-outpace-p/"},{"text":"More marijuana legalization coverage from the Sun","url":"https://lasvegassun.com/news/las-vegas-recreational-marijuana-laws/"}] WASHINGTON — FPI Management, a property company in California, wants to hire dozens of people. Factories ...

  • Wynn Resorts posts 1Q loss on legal settlement charge

    1 month, 29 days ago

    (AP) Wynn Resorts reported a first-quarter loss on Tuesday, its bottom line weighed by a nearly $465 million charge link to a legal settlement. But after stripping away that one-time expense, it comfortably beat Wall Street's profit expectations, boosted by its ...

  • Ocean Resort Casino bringing Topgolf Swing Suite to Atlantic City

    1 month, 29 days ago

    (AP) ATLANTIC CITY, N.J. — Atlantic City's Ocean Resort Casino is starting to get into the swing of things. The former Revel property, due to reopen under a new brand this summer, is bringing virtual golf to the Atlantic City Boardwalk. ...

  • Insider Q&A: The inherent limits of temporary tax cuts

    2 months ago

    (AP) WASHINGTON — The tax overhaul that took effect Jan. 1 provides generous breaks for corporations and wealthy Americans and more modest relief for middle- and low-income households. In addition, the tax cuts for corporations are permanent; those for individuals and ...

  • Wynn Resorts expands board of directors, adds 3 women

    2 months, 5 days ago

    (AP) Wynn Resorts expanded its board of directors Wednesday to 11 members, with the appointment of three women. The appointments bring the number of women on the board to four, and Chairman D. Boone Wayson said the company intends to add ...

  • AP analysis: Blacks largely left out among high-paying jobs

    2 months, 22 days ago

    (AP) BOSTON — Jonathan Garland's fascination with architecture started early: He spent much of his childhood designing Lego houses and gazing at Boston buildings on rides with his father away from their largely minority neighborhood. But when Garland looked around at his ...

  • What happens to toy makers without Toys R Us?

    3 months, 6 days ago

    (AP) NEW YORK — The likely liquidation of Toys R Us, the nation's largest independent toy seller, could add stress for the companies that make toys and games, and mean changes for the owners of the strip malls where most of ...

  • Average price of US gas remains steady at $2.59 a gallon

    3 months, 13 days ago

    (AP) CAMARILLO, Calif. — The average price of a gallon of regular-grade gasoline remained steady over the past two weeks, at $2.59. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the prior price drop was halted by a ...

  • Are female-led companies the answer to sexual misconduct?

    4 months, 3 days ago

    (AP) NEW YORK — The Weinstein Co. thought it had found a path to survival. A group of investors led by a respected businesswoman offered to acquire the company, rebrand it and install a female-led board of directors. It was an ...

  • Kept out: How banks block people of color from homeownership

    4 months, 4 days ago

    (AP) PHILADELPHIA — Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts. This modern-day redlining persisted in ...

  • Nevada couple uses law to take possession of abandoned home

    4 months, 17 days ago

    (AP) RENO — A Reno couple used a little-known law to take possession of an abandoned home in an older, upscale part of town where similar brick, Tudor-style homes are selling for more than $400,000. Vickie and Jeff Francovich paid $6,500 ...

  • Aptiv, Lyft to continue Las Vegas self-driving car tests, expand to second city

    5 months, 6 days ago

    (AP) Aptiv left a piece of Pittsburgh in Las Vegas when it tore down its booth last week at the largest electronics show in Las Vegas. The company, through a partnership with Lyft, will continue testing a fleet of self-driving BMWs ...

  • Lawmakers to Justice Department: Keep online gambling legal

    5 months, 9 days ago

    (AP) ATLANTIC CITY, N.J. (AP) — Federal lawmakers who represent New Jersey from both parties have asked the U.S. Justice Department to keep internet gambling legal. In a letter this week to Deputy Attorney General Rod Rosenstein, the lawmakers urged the ...

  • Shoppers spending more may make a merry season for retailers

    5 months, 29 days ago

    (AP) NEW YORK — Shoppers who are feeling good about the economy and spending more than expected on items like kitchen gadgets, toys and coats could make this the best holiday season in several years. That's good news for retailers, some ...

  • Malls beef up dining, entertainment options to boost traffic

    6 months, 6 days ago

    (AP) LOS ANGELES — Shoppers braving the mall this holiday season may notice more that's new than the day's discounts. Many mall owners are spending billions to add more upscale restaurants and bars, premium movie theaters with dine-in options, bowling alleys ...

  • New nonstop service between Las Vegas and Brazil starts next year

    6 months, 6 days ago

    (AP) The first scheduled nonstop flight to Las Vegas from Brazil will take place next year. McCarran International Airport on Monday announced that LATAM Airlines Brazil will start a new seasonal summer service between Las Vegas and Guarulhos Airport in Sao ...

  • In hospitality industry, sexual misconduct often part of job

    6 months, 14 days ago

    (AP) CHICAGO — One woman recalls how a general manager at a Chicago-area restaurant where she worked told her that if security cameras recorded him reaching between her legs and grabbing her genitals he could simply "edit that out." Another woman ...

  • Jackpot elusive for three new upstate New York casinos

    6 months, 26 days ago

    (AP) SCHENECTADY, N.Y. — Three new upstate New York casinos have so far failed to generate the big payoffs they projected, meaning less money shared with towns, cities and counties. Slot machine and table game revenue from casinos in the Finger ...

  • Suit challenges Trump's pick for consumer financial bureau

    6 months, 28 days ago

    (AP) President Donald Trump's appointment of his budget director as interim director of a consumer financial protection agency championed by Democrats was challenged in a lawsuit filed in federal court Sunday night. Leandra English, the federal official elevated to the position ...

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