IN BRIEF

PORTLAND, Maine

LV developer boosts casino push in Maine

The flagging campaign aimed at winning approval for a casino in western Maine is getting an 11th-hour boost from a Las Vegas developer.

The Olympia Group announced Tuesday that it’s taking over the campaign and will spend $100 million to build a casino and four-season resort in Oxford County if state voters give their approval in November.

DETROIT

Volt, loans said to help General Motors’ future

On its 100th anniversary, General Motors workers cheered as the company revealed the electric-powered car intended to make GM a vehicle technology leader.

But after all the hoopla surrounding the Chevrolet Volt, executives also say a government loan package and access to credit are very important parts of GM’s next century.

Chairman and CEO Rick Wagoner, speaking to reporters at Tuesday’s centennial celebration at GM’s world headquarters, said the recent turmoil in the financial markets shouldn’t affect the loan package now before Congress.

The $25 billion in loans, approved last year as part of an energy bill, should now be funded to help the industry build next-generation automobiles, Wagoner said.

Nevadans sue, charge predatory lending

A 71-year-old Fernley man and a permanently disabled couple in Carson City have filed lawsuits in Reno federal court alleging predatory lending practices that resulted in foreclosure and threatened sale of their homes.

Defendants in the case include Washington Mutual Home Loans, Impact Financial Group, Sierra Pacific Mortgage, GRP Financial Services and Indymac.

Plaintiffs attorney Robert Hager said he’s seeking class action certification for the lawsuit, which alleges federal violations of the Truth in Lending Act, Real Estate Settlement Procedures Act and Fair Housing Act.

NEW YORK

Treasury prices dip as Fed leaves rates alone

Treasury prices fell Tuesday after the Federal Reserve left short-term interest rates unchanged.

In late trading, the benchmark 10-year Treasury note fell 0.25 points to 104.72 points. Its yield rose to 3.43 percent from 3.41 percent.

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Business
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Walmart uses virtual reality to train employees
Walmart Academy Facilitator demonstrates the VR training program being used by Walmart stores across the country.
With holidays around the corner, department stores hiring extra staff
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Startup Weekend fosters new businesses
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Mecum Car Auction in Las Vegas
The Mecum Auctions is held at the Las Vegas Convention Center. Bizuayehu Tesfaye/ Las Vegas Review-Journal @bizutesfaye
Construction underway for new Google Data Center
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Anthony Rufo talks about his new product, an in-home digital companion and monitor.
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Holiday parades help bring shoppers to Downtown Summerlin
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Final vote on CG Technology
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Las Vegas strip mall and office park
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Mario Barth talks about the growth of the tattoo industry
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Caesars CEO to step down next year
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Planet 13 in Las Vegas adds twist to marijuana dispensary look
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Caesars Entertainment opening 2 resorts in Dubai
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Bellagio, MGM Resorts International’s luxury hotel turns 20
The more than 3,000-room Bellagio hotel is situated on the site of the former Dunes Hotel. The Dunes was imploded in 1993, and construction of the Bellagio started in 1996. It cost $1.6 billion to build, making it the most expensive hotel in the world at the time. The Bellagio was former Wynn Resorts Ltd. Chairman and CEO Steve Wynn’s second major casino on the Strip after The Mirage. MGM Resorts International acquired the property from Steve Wynn in 2000. (Tara Mack/Las Vegas Review-Journal)
Facial recognition software at G2E – Todd Prince
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Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
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Bobby Baldwin to leave MGM
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Caesars has new armed emergency response teams
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Las Vegas, airlines prepare for CES
CES in January is expected to attract more than 180,000 attendees. (Las Vegas Review-Journal)
AGS partners with Vegas Golden Knights
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Fremont9 opens downtown
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Ross & Snow launches in Las Vegas
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Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
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