Archives for February 2010
Feb. 26, 2010
Copyright © Las Vegas Review-Journal
No increase expected for gasoline prices
By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
Government predictions about the price of crude oil suggest that the cost of gasoline should remain relatively flat this year and increase about 5 percent next year, an economist with the American Petroleum Institute told a meeting of the [...]
Sales of previously occupied homes took a large drop for the second straight month in January, falling to the lowest level since summer. It was another sign the housing market’s recovery is faltering.
The National Association of Realtors said sales fell 7.2 percent to a seasonally adjusted annual rate of 5.05 million from a downwardly revised [...]
The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year.
The fresh reading on the nation’s economic standing, released by the Commerce Department TODAY, was better than the government’s initial estimate a month ago of [...]
Wynn Resorts Ltd <WYNN.O> on Thursday reported its quarterly net loss narrowed amid a 36 percent jump in Macau revenue and a full-quarter contribution from its second Las Vegas resort.
Wynn, which last October raised $1.8 billion via a Hong Kong listing of shares in Wynn Macau Ltd <1128.HK>, reported a net loss of $5.2 million, [...]
John Felmy will be speaking to the CEO-CFO Group on February 26th. He is the Chief Economist at the American Petroleum Institute (API) where he oversees economic, statistical and policy analysis on oil. Felmy will be talking about how high gas prices would affect Las Vegas.
Date & Time: February 26th, Friday, 11:30 Check-in, 12 PM [...]
Orders to U.S. factories for big-ticket manufactured goods shot up in January by the largest amount in six months, but the strength came from a surge in demand for commercial aircraft.
Demand for autos, machinery and a host of other products fell last month, indicating manufacturing is still facing hurdles that could slow the economic recovery.
The [...]
Station Casinos, Inc. announced today that it has reached an agreement in principle for the comprehensive reorganization of the Company with certain of its key mortgage lenders holding the debt secured by Red Rock Casino Resort Spa, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, and Sunset Station Hotel & Casino. The Company [...]
Agency seeks damages from failed bank’s officials
By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
The Federal Deposit Insurance Corp. has sent a letter demanding that officers and directors of failed Community Bank pay $780 million in damages in what a bank analyst calls one of the first signs of a new “regulatory reign of terror.”
Trade publication American Banker [...]
Business Wire will host a a free luncheon on The Impact of Social Media on Traditional News Reporting on March 11, 2010. John Edwards of Las Vegas Review Journal, Steve Green of Las Vegas Sun and George McCabe of B&P Public Relations will provide their own unique insight on the impact that social media has [...]
Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.
The Commerce Department reported today that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the lowest [...]