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BUSINESS -- Thursday, December 09, 2004

Daily Photo

An aerial photo of the east side of Las Vegas Valley shows new home development near Flamingo Road.
Photo by Jeff Scheid.
SOUTHERN NEVADA ECONOMY: Construction slowing

New home and commercial building permits fell sharply in October compared with the same month a year ago, and fewer new residents moved to Las Vegas.


Businesses must adapt to airlines' shifts, exec says

RENO -- Nevada's two major commercial airports have been largely unharmed by the aviation industry's recent troubles, but new problems -- and new opportunities -- are bound to arise in today's ever-changing aviation industry.


BUSINESS DIGEST
Resigning board member claims misdeeds at WMS
A WMS Industries board member abruptly resigned last month while firing off a two-page resignation letter that alleges company wrongdoing at the Chicago-based slot machine manufacturer and a personal vendetta by a Wisconsin gaming regulator, documents show.

SOUTHERN NEVADA ECONOMY: Construction slowing
New home and commercial building permits fell sharply in October compared with the same month a year ago, and fewer new residents moved to Las Vegas.

Businesses must adapt to airlines' shifts, exec says
RENO -- Nevada's two major commercial airports have been largely unharmed by the aviation industry's recent troubles, but new problems -- and new opportunities -- are bound to arise in today's ever-changing aviation industry.

International Game Technology names chairman
As expected by most analysts and observers, International Game Technology announced Wednesday that company President TJ Matthews has been elected chairman of the gaming industry's dominant slot machine manufacturer.

Executive says companies must embrace diversity to better compete in future
RENO -- The face of America is changing, and businesses that want to stay ahead of the curve must diversify both their internal operations and customer outreach efforts, a Las Vegas gaming executive said Wednesday.

Inside Business
Contractors group names 2005 board The Sierra Nevada chapter of the Associated Builders and Contractors, a nonprofit trade group, named its 2005 board of directors.

No personal income tax in Las Vegas helps lure businesses
Businesses in Las Vegas know that the city's lack of personal income tax, low workers compensation, low energy bills, relatively low housing costs and light government regulation creates a dynamic business environment, but now the city is being hailed nationally as a hot spot to relocate corporate headquarters and technical companies.

In Brief
NEW YORK Style doyenne to revive TV show Martha Stewart will revive her daily homemaking show next September, this time with a live audience, celebrity guests and the help of "The Apprentice" producer Mark Burnett, it was announced Wednesday.

Reno, LV rank high in economic study
RENO -- The Reno-Sparks area ranks among the top 10 percent of U.S. metropolitan areas in a new study assessing economic strength.

Sparks plant faces $157,500 penalty
CARSON CITY -- The U.S. Environmental Protection Agency is seeking up to $157,500 in penalties from Kinder Morgan Energy Partners for alleged Clean Water Act violations at a Northern Nevada oil storage plant and terminal.



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