Archives for July 2009
NV Energy, Inc. (NYSE: NVE) today reported consolidated net income of $18.4 million, or 8 cents per share, for the quarter ended June 30, 2009, compared with consolidated net income of $36.1 million, or 15 cents per share, for the same period in 2008.
The decrease in earnings in the second quarter 2009 compared with the [...]
The U.S. economy contracted at a slower-than-expected pace in the second quarter as the slump in business and residential investment moderated sharply, according to government data released today by the Commerce Department.
Gross domestic product, which measures total goods and services output within U.S. borders, fell at a 1.0 percent annual rate after tumbling a revised [...]
Earlier this week we received an email that appeared to be part of at least a modest mass mailing to companies in Las Vegas.
The email announced a new service being offered here via the Internet. As Stern And Company had virtually no interest in this service, nor could we see a use for our clients.
As [...]
Conflicts of Interest
Bar Firms From Consulting With Any Company That They Also Rate: Credit ratings agencies will face similar restrictions to other professional service providers, like accountants, and will be prohibited from providing consulting services to companies that contract for ratings.
Strengthen Disclosure And Management Of Conflicts Of Interest: The legislation will prohibit or require the [...]
Chairman Frank, Ranking Member Bachus, and members of the Financial Services Committee, thank you for the opportunity to testify before you today about the Administration’s plan for financial regulatory reform.
On June 17, President Obama unveiled a sweeping set of regulatory reforms to lay the foundation for a safer, more stable financial system; one that properly [...]
Good morning.
Chairman Cohen, Ranking Member Franks, and members of the House Judiciary Commercial and Administrative Law Subcommittee, thank you for the opportunity to testify before you today.
Introduction
On behalf of the Obama Administration and the Auto Task Force, I am here to report on the restructurings of General Motors and Chrysler and the broader state of [...]
Wynn Resorts Ltd. (WYNN.O) today second-quarter net income fell 91 percent, hurt by lower gambling revenue and the continuing costs of opening the Encore at Wynn Las Vegas casino.
The company reported net income of $25.5 million, or 21 cents per share, down from $272 million, or $2.42 per share last year. Adjusted to exclude one-time [...]
Well, apparantly there isn’t one as we searched the company’s Investor Relations and Corporate sites. However, click here for the 8K on the Reorganization.
Orders to U.S. factories for big-ticket durable goods plunged in June by the largest amount in five months, reflecting the continuing troubles in the auto industry and a steep drop in demand for commercial aircraft.
The Commerce Department reported today that orders for durable goods fell 2.5 percent in June the largest drop since a 7.8 [...]
Station Casinos ends negotiations with bondholders, files for Ch. 11 protection
CHICAGO (AP) — Station Casinos Inc. voluntarily filed for Chapter 11 bankruptcy protection Tuesday, after the casino operator and its bondholders failed to reach a full agreement during months of negotiations.
The company, which blamed the faltering economy for a falloff in its finances, has $5.7 [...]