IN BRIEF
LV Sands lays off 283 employees
Las Vegas Sands Corp. laid off 283 Las Vegas employees Friday at both the corporate and property levels.
Company spokesman Ron Reese said the layoffs came from several departments and included management positions in the company's corporate headquarters and at The Venetian and Palazzo.
In December, Las Vegas Sands laid off 216 employees at The Venetian and Palazzo as part of a cost-savings program that was targeting $100 million in annual savings.
As of Dec. 31, Las Vegas had 28,500 employees companywide, which includes its two casinos in Macau.
DETROIT
Chrysler may be asked for more concessions
The Obama administration is likely to demand deeper concessions from Chrysler LLC and General Motors Corp. in exchange for additional federal loans, a person briefed on the government's plan said Friday.
The concessions could go beyond the requirements imposed by the Bush administration when it agreed to loan the automakers money last year, said the person, who asked not to be identified because the government's plans have not been revealed.
President Barack Obama will announce the administration's plan for the auto industry on Monday.
Both automakers are operating on $17.4 billion in government loans.
DETROIT
Many keep cars longer; sales likely to be weak
The recession has forced many Americans to rethink their spending habits. One result: They're making their old cars last longer.
According to J.D. Power and Associates, the average age of vehicles traded in at U.S. car dealerships in February was 6.1 years. That's up from 5.6 years a year earlier.
That trend is expected to contribute to another month of depressed auto sales when carmakers report their March results on Wednesday.
NEW YORK
Ten-year Treasurys dip as traders take profits
Treasurys mostly fell Friday as investors locked in some profits ahead of the weekend.
The 10-year Treasury note fell 0.16 points to 99.88. Its yield rose to 2.76 percent late Friday from 2.73 percent late Thursday. Prices move opposite to yields.
