Passenger count increases for Allegiant

Las Vegas-based Allegiant Air reported a nearly 45 percent increase in passengers during the first quarter of 2007, its parent company Allegiant Travel Co. reported.

Allegiant, which specializes in providing service connecting small towns to Las Vegas and Florida, carried 753,239 passengers during the quarter, up from 521,324 during the same period in 2006.

The increase strengthened toward the end of the quarter, the company reported, with passenger traffic in March up nearly 53 percent to 310,504.

Allegiant Travel stock trades on the Nasdaq National Market under the symbol ALGT. It shares fell 3 cents, or 0.09 percent, to close at $32.01.

Ex-PurchasePro boss will represent himself

Charles “Junior” Johnson, the former chief executive of PurchasePro, a failed business-to-business e-commerce company, is representing himself in a criminal case alleging conspiracy, securities fraud, two counts of wire fraud and one count of obstruction of justice.

Johnson was being tried in federal court in Alexandria, Va., with another senior officer at PurchasePro and two former midlevel managers at America Online last year. In November, U.S. District Judge Walter Kelley Jr. declared a mistrial for Johnson for undisclosed reasons. The other three defendants were later found innocent.

Court records show that defense attorney Preston Burton and Sidney Hoffmann were terminated as Johnson’s defense attorneys on Nov. 27, the date of the mistrial. Attorneys Yale Galanter, and Alex Yamamoto stopped representing Johnson in February 2006.

The trial is scheduled to start Sept. 5.


AMD to impose hiring freeze, cut expenses

With its sales shriveling even more than analysts feared, Advanced Micro Devices is imposing a partial hiring freeze and clamping down on other major expenses as the slumping chip maker tries to weather a fierce battle with Intel Corp.

The cost-cutting measures outlined Monday accompanied a first-quarter warning that signaled the Sunnyvale-based company’s recent troubles are worsening.

AMD said its revenue for the three months ending in March totaled $1.23 billion, well below the company’s initial estimates of $1.6 billion to $1.7 billion.

AMD is scheduled to provide a full accounting of its first quarter on April 19.

AMD shares rose 19 cents, or 3.81 percent, Monday to close at $13.35.


Labor group would honor grocery pickets

A federation of labor unions said Monday its members would honor picket lines should thousands of Southern California grocery workers go on strike or be locked out over a contract dispute with three national supermarket chains.

The Los Angeles County Federation of Labor said its more than 800,000 members would also mobilize for demonstrations, boycotts and food drives to aid striking grocery workers.

The organization is home to more than 300 unions, including the Screen Actors Guild, the Teamsters, the Service Employees International Union and the American Federation of Teachers.


Coke to adopt new contactless pay card

MasterCard Worldwide announced another deal on Monday for the use of its contactless payment cards.

MasterCard said technology developed with USA Technologies was being adopted by Coca-Cola Bottling Company United, the third largest bottler in America, for use in its vending machines. With contactless technology, the card user simply taps a MasterCard PayPass credit card to complete a purchase, with no signature required.

Coca-Cola United operates from Atlanta to Baton Rouge, La.

Will that be regular or honey-roasted?

Southwest Airlines Co., which celebrates peanuts as an on-board snack and a reminder of its low fares, is a two-flavor carrier again.

The most profitable U.S. airline and the No. 1 carrier at McCarran International Airport recently resumed serving honey-roasted peanuts following a two-year absence, after the price fell to the same as the dry-roasted variety, spokeswoman Whitney Eichinger said.

The move reverses Dallas-based Southwest’s abandonment of honey-roasted nuts in 2005 to save money, and restores its practice of switching varieties in alternate years. The low-fare carrier offers the nuts on all its flights, 94 million packets in 2006, and often describes its ticket prices as “peanuts.”

Shares of Southwest rose 5 cents, or 0.33 percent, Monday to close at $15.13.


Interest rates mixed in Treasury auction

Interest rates on short-term Treasury bills were mixed in Monday’s auction, with three-month bills declining and six-month bills edging higher.

The Treasury Department auctioned $15 billion in three-month bills at a discount rate of 4.88 percent, down from 4.91 percent last week, and $13 billion in six-month bills at a discount rate of 4.89 percent, up from 4.87 percent last week.

The three-month rate was the lowest since these bills averaged 4.875 percent on Dec. 26.


Bond prices rebound after payrolls report

Treasury bond prices edged higher Monday, regaining a little of the hefty losses they suffered Friday after the unexpectedly strong March nonfarm payrolls report.

At 5 p.m. EDT, the 10-year Treasury note was up 31 cents per $1,000 in face value, or 0.03 points, from its level at 5 p.m. Friday. Its yield, which moves in the opposite direction, was unchanged at 4.75 percent.

The 30-year bond rose 0.03 points. Its yield was unchanged at 4.92 percent.

A Facebook-branded space inside of Macy’s at the Fashion Show shopping center
A Facebook-branded space inside of Macy’s at the Fashion Show shopping center will showcase 13 small businesses in November and December and seven in January. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
T-Mobile uses ticketing data to plan for event
T-Mobile Executive Director of Arena Operations explains how ticket sales data and demographics help plan staffing, vendors, parking and operations for an event.
Costco opens its doors in southwest Henderson
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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
Celebrity tattoo artist and business owner Mario Barth talks about the growth of the tattoo industry at The World of Tattoo industry trade show at Planet Hollywood in Las Vegas
$7.5M Las Vegas pot dispensary opens near Las Vegas Strip
Planet 13, which bills itself as one of the largest dispensaries in the world, opened to the public Thursday. It has entertainment including an interactive floor and floating orbs. (K.M. Cannon/Las Vegas Review-Journal)
Caesars CEO to step down next year
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Planet 13 in Las Vegas adds twist to marijuana dispensary look
Planet 13, which bills itself as one of the largest dispensaries in the world, opened to the public Thursday. The dispensary is located near the intersection of Desert Inn Road and Sammy Davis Jr. Drive, near Trump International, in Las Vegas. Planet 13 has plans in the future for a coffee shop, a tasting room for marijuana-infused beer and wine, a lounge for consuming marijuana on site if that is legalized and space for food.
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
Shing Tao, CEO of Las Vegas-based Remark Holdings, talks about his facial recognition product. (Todd Prince/Las Vegas Review-Journal)
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Bobby Baldwin to leave MGM
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Caesars has new armed emergency response teams
Caesars Entertainment Corp. has created armed emergency response teams. They are composed of former military and law enforcement officials. "These teams provide valuable additional security capabilities,” Caesars spokeswoman Jennifer Forkish said. Caesars is hiring Security Saturation Team supervisors, managers and officers, according to LinkedIn. The company did not say how many people it plans to hire for the units. (Las Vegas Review-Journal)
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
AGS is the nation’s second-largest manufacturer of Class II slot machines used primarily in tribal jurisdictions. It announced a marketing partnership with the Vegas Golden Knights NHL team. (Las Vegas Review-Journal)
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
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