IN BRIEF
World Market Center will be open to public
The normally off-limits World Market Center will open to the public today for a sale to clear room for an upcoming show.
The California Central Nevada chapter of the American Society of Interior Designers is hosting the furniture sale at the center, which hosts two major markets annually for the furniture industry.
About 70 percent of the merchandise in the Las Vegas Design Center showrooms in buildings a and b will be for sale. The sale is from 9 a.m. to 5 p.m. Saturday at the World Market Center, 495 S. Grand Central Parkway. There is a $10 admission fee to benefit the Nevada AIDS project, Habitat for Humanity Las Vegas and Opportunity Village.
Chefs to open eateries in MGM Grand Detroit
Celebrity chefs Wolfgang Puck and Michael Mina plan to open restaurants this fall at the new MGM Grand Detroit casino.
Mina is planning a high-end seafood restaurant called Saltwater and another called Bourbon Steak, while Puck will open Wolfgang Puck Grille, with casual and fine-dining cuisine, the Detroit Free Press reported.
The restaurants at the hotel-casino complex are expected to open in the fall.
Detroit's three casinos include the MGM Grand, Motor City Casino and Greektown Casino.
On Thursday, MotorCity opened its new Signature Club and high stakes area to the public. It's a small portion of the permanent MotorCity facility.
Ex-LV resident found guilty of felonies
A federal jury in Los Angeles on Friday convicted Steven Ferguson, 52, formerly of Las Vegas and Marina Del Rey, Calif., of cheating investors out of $5 million.
The jury found Ferguson guilty of 23 felony counts, including mail fraud and money laundering.
Ferguson solicited money from investors from the United States and Switzerland, saying it would be used for projects such as a sewage plant in New Jersey.
The defendant used most of the investor's money to "pay for his lavish lifestyle," according to the Justice Department.
The defendant also was found guilty of causing a girlfriend to lie in a federal lawsuit that she owned a Las Vegas home. He was trying to prevent the government from taking control of the home which was purchased with investor money.
NEW YORK
Bond prices recover from overnight plunge
Treasury prices were modestly lower late Friday but staged a sizable comeback after an overnight plunge that took the 10-year yield to its highest level in almost a year.
At 5 p.m. EDT, the 10-year Treasury note was up $1.56 per $1,000 in face value, or 0.16 points, from its level at 5 p.m. Thursday. Its yield, which moves in the opposite direction, fell to 5.11 percent from 5.13 percent.
The 30-year bond rose 0.19 points. Its yield fell to 5.21 percent from 5.23 percent.
