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Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
The Commerce Department reported today that inventories at the wholesale level were reduced 0.2 percent in January following a 1 percent drop in [...]
Mar. 08, 2010
Copyright © Las Vegas Review-Journal
Nevada’s jobless rate remains at 13 percent
By JENNIFER ROBISON
LAS VEGAS REVIEW-JOURNAL
As if Nevada’s unemployment rate wasn’t high enough, fresh statistics show even bigger job woes for specific demographic groups.
The Silver State’s jobless rate remained unchanged from December to January, staying at 13 percent, the state Department of Employment, Training [...]
The unemployment rate held at 9.7 percent in February as employers shed fewer jobs than expected, evidence that the job market may be slowly healing.
The Labor Department reported employers cut 36,000 jobs, below analysts’ expectations of 50,000. Analysts expected the jobless rate to rise to 9.8 percent.
The severe snowstorms that hammered the East Coast last [...]
Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains above a year ago, according to the National Association of Realtors.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 16.0 [...]
New orders for manufactured goods in January increased 1.7 percent to $378.4 billion. Shipments rose 0.3 percent , unfilled orders increased by $0.1 billion following fifteen consecutive monthly increases and inventories increased 0.2 percent from December 2009.
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Howard Hill, often regarded as the world’s greatest bowhunter, was once quoted as saying “Unless you know your game’s feeding, sleeping and daily habits; unless you plan your hunt in great detail and follow your plan with precision, you are not hunting at all. You are merely walking in the woods.”
That’s what audience analysis is [...]
Productivity in the final three months of last year surged at a faster pace than previously thought as labor costs fell more rapidly.
The Labor Department reported today that productivity jumped at an annual rate of 6.9 percent in the fourth quarter, even better than an initial estimate of a 6.2 percent growth rate. Unit labor [...]
Mar. 03, 2010
Copyright © Las Vegas Review-Journal
Nevada bankruptcy filings in January higher than in January 2009
By ARNOLD M. KNIGHTLY
LAS VEGAS REVIEW-JOURNAL
Nevada bankruptcy filings dropped sharply in January, falling 20.4 percent in January to 1,825 filings, according to numbers released by the U.S. Bankruptcy Court of Nevada.
That compares to 2,294 filings in December, although court officials [...]
Boyd Gaming (NYSE:BYD) reported a net loss of $1.0 million, or $0.01 per share, compared to a net loss of $220.8 million, or $2.51 per share, in the same period last year. Adjusted Earnings for the fourth quarter 2009 were $0.2 million, or less than $0.01 per share, compared to $11.4 million, or $0.13 per share, [...]
Mar. 02, 2010
Copyright © Las Vegas Review-Journal
MESQUITE CASINOS: Black Gaming LLC files bankruptcy
Mesquite casino owner maneuvers to restructure
Mesquite casino operator Black Gaming LLC filed for Chapter 11 bankruptcy late Monday, a move the company foretold to investors just before Christmas.
The filing with the U.S. Bankruptcy Court in Las Vegas, where Black Gaming is headquartered, will [...]