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Economy

Taxable sales increase in April for both Clark County, state

Taxable sales in Nevada rose in April, driven by big gains in sales by bars and restaurants, car dealers and building-material suppliers. Sales of tangible goods increased 5.5 percent year-over-year in April, to $4.12 billion, the state Department of Taxation reported Friday. Sales in Clark County were up 6.8 percent, to $3.11 billion.

Molycorp files for Chapter 11 bankruptcy protection

Molycorp Inc., the only U.S. supplier of rare earths, filed for Chapter 11 bankruptcy protection on Thursday along with its North American subsidiaries to restructure $1.7 billion of debt in its U.S. and Canadian operations. The mine is near the border of Southern Nevada and California and employs Las Vegans who commute to work there.