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Business -- Mar. 27, 2007

Daily Photo

Nevada Power Co. linemen Matt Ortwein and John Oliver ready cable that will power new housing in the Las Vegas Valley. The utility proposes to raise rates starting June 1.Photo by Gary Thompson.
UTILITIES: Profits central to rate talks
Hearings started Monday on Nevada Power Co.'s request for a general rate increase with witnesses discussing the maximum profits regulators should allow the utility to earn.

Las Vegas part of L.A.'s bid for 2016 Olympics
The Olympic dream could reach as far as the Nevada desert if Los Angeles is successful in its bid for the 2016 summer games.



BUSINESS DIGEST

UTILITIES: Profits central to rate talks
Hearings started Monday on Nevada Power Co.'s request for a general rate increase with witnesses discussing the maximum profits regulators should allow the utility to earn.

INSIDE BUSINESS
Allegiant Air to start new flights on June 1

IN BRIEF

Investment group launches second run at Riviera parent
For the second time in 12 months, a high-profile private investment group, which includes the founder of Starwood hotels and a Las Vegas real estate developer, is trying to acquire the parent company that owns the Riviera.

Shares plunge for slot maker
One trading day after Progressive Gaming International Corp. warned Wall Street it might be facing bankruptcy, the Las Vegas-based casino equipment provider's stock tumble to a record low as nervous investors worried about the company's future.

ONLINE GUY : Hey, can you call me back? I'm watching SpongeBob on my cell phone now
"I've got to admit it's getting better. A little better all the time."

Las Vegas part of L.A.'s bid for 2016 Olympics
The Olympic dream could reach as far as the Nevada desert if Los Angeles is successful in its bid for the 2016 summer games.


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