Real estate salesman gives up license, commission reports

The Nevada Real Estate Commission said it accepted the voluntary surrender of Shirjil Qureshi’s real estate salesman license on Tuesday.

In a statement issued Friday, the commission said the surrender was in lieu of other discipline and was based on criminal charges of conspiracy to commit wire fraud, mail fraud and bank fraud involving the use of his real estate salesperson’s license.

The department also said the surrender recognized matters filed by the Nevada Real Estate Division in a complaint relating to charges in six residential purchase agreement transactions.

Qureshi was one of the individuals arrested by the Federal Bureau of Investigation in “Operation Stolen Dreams,” the federal government’s largest mortgage fraud crackdown to date.


American Airlines parent says employee data compromised

American Airlines parent company said Friday that the personal information of about 79,000 retirees, former and current employees has been compromised after a hard drive was stolen from its Fort Worth headquarters.

No customer data was affected. The company’s pension department held the data.

The drive contained images of microfilm files, which included names, addresses, dates of birth, Social Security numbers and a “limited amount” of bank account information. Some health insurance information may have also been included — mostly enrollment forms, but also details about coverage, treatment, and other administrative information.

The data spans a period from 1960 to 1995.

AMR also believes some of the employee files also contained information on beneficiaries, dependents and other employees from 1960 to 1995.


BP shares post first weekly gain since rig blew in Gulf

BP shares posted a better than 8 percent gain this week, the first weekly increase since an April explosion on a BP-operated rig triggered a massive Gulf oil spill.

The first of two relief wells that are given the surest chance of plugging BP PLC’s gushing well is on target to be finished next month, company and U.S. government officials have said. Many analysts, while concerned about potential liability, still feel BP can cover the costs of the containment, cleanup and legal matters.

BP’s U.S. shares declined 4 cents, or 0.14 percent, Friday to close at $29.35 on the New York Stock Exchange, but still recorded an 8.6 percent gain for the week.

The market value of the shares rose $7.29 billion this week.

That’s small consolation to long-term shareholders. Since the Deepwater Horizon rig exploded on April 20, the value of the shares has dropped $97.44 billion.

Gasoline prices fall in U.S., inch up in LV, stay below $3 a gallon

The economy may be making people nervous, but drivers should have a happy Fourth of July at the pump.

Gasoline prices have changed very little this week and, by some analyst estimates, may even fall a bit over the long holiday weekend.

The good news for drivers is that even with more people expected on the roads, ample supplies and relatively low demand likely will keep prices fairly stable and below $3 a gallon this summer.

The national average for retail gasoline prices fell 0.04 cents to $2.75 a gallon Friday, according to Wright Express and Oil Price Information Service. That’s 12 cents higher than a year ago but well below the $3 a gallon analysts were calling for back in March and April. The price is about one-half cent less than a week ago.

In Las Vegas on Friday, the average price of a gallon of regular, self-serve unleaded gasoline was $2.862, up 0.6 percent from $2.846 per gallon a week ago, AAA said in its Daily Fuel Gauge Report.

The local price is up 2.5 percent from $2.791 per gallon a month ago, and up 6.3 percent from $2.693 per gallon a year ago, AAA said.


China’s economy grew faster
in ’09 than previously reported

China’s economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its rebound and left a dangerous glut of unneeded factories and other assets.

The government raised its estimate of 2009 growth on Friday from 8.7 percent — already the fastest among major economies — to 9.1 percent, boosting China’s economic output to the equivalent of $4.98 trillion. That suggested Japan clung to its title as the second-largest economy with just under $5.1 trillion in output.

Beijing propelled its recovery from the global slump with a 4 trillion yuan ($586 billion) stimulus and record 2009 bank lending of 9.6 trillion yuan ($1.4 trillion).

But communist leaders worry that drove overspending on factories and other facilities, which could lead to economic problems if producers are forced to slash prices in glutted markets or cannot repay bank loans.


Bedbugs force another shop closure for teen clothes seller

Abercrombie & Fitch Co. said Friday that it closed a second store in New York due to a bedbug infestation.

The preppy teen clothing seller said it closed a Hollister store on Thursday in the SoHo neighborhood of New York. That location is expected to open at 10 a.m. today .

It closed a second location, an Abercrombie & Fitch store in the South Street Seaport, on Friday for the same reason.

The New Albany, Ohio, company said its flagship New York store on Fifth Avenue has been tested and is not affected by bedbugs.

Abercrombie said it asked the office of New York City Mayor Michael Bloomberg how it should deal with the problem.

Abercrombie & Fitch shares fell 80 cents, or 2.51 percent, Friday to close at $31.11 on the New York Stock Exchange.

LV company indicted in theft charge related to mortgages

Marisol Perez was indicted on charges of four felony counts of theft related to a mortgage-loan modification service, the Nevada attorney general’s office said Friday.

Perez, 48, did business as We Save Your Home, a foreclosure rescue business in Las Vegas.

She is accused of charging $1,350 to $2,000 for guaranteed loan modification or principal reduction within 45 to 90 days. After being paid, the defendant did no work for customers and failed to make refunds despite promising to do so, the attorney general’s office said.

A warrant has been issued for the defendant’s arrest. Attempts to reached Perez for comment failed.


Reno insurance company cuts 161 jobs; 44 at headquarters

A Reno-based insurance company has eliminated 161 positions, including 44 at its headquarters.

Employers Holdings Inc. offers workers’ compensation insurance to about 44,000 small businesses in 30 states. After the cuts, the company has about 760 employees nationwide and 175 in Reno.

CEO Douglas Dirks attributes the layoffs to the recession and a consolidation after an acquisition the company made in 2008.

Holiday Parade Lights Up Downtown Summerlin
Holiday parade lights up Downtown Summerlin every Friday and Saturday night through Dec. 22.
Nevada's solar industry on the rebound
In 2015, the Nevada Public Utilities Commission voted in favor of a new tariff structure that reduced net energy metering buyback rates and increased fix fees for residential solar customers.
Apartment complexes selling fast in Las Vegas
Las Vegas’ apartment vacancy rate is among the smallest in the country, and rents are climbing faster than the national average. (LVRJ)
Aristocrat Opens $45M Campus In Summerlin
Aristocrat Technologies Chairman Ian Blackburne discusses the company's growth. (LVRJ)
Sunrise Hospital celebrates 60 years
Sunrise Hospital opened its doors to patients on Dec. 15, 1958. Employees of more than 35 years celebrated at a luncheon Wednesday, Dec. 12, 2018. Jessie Bekker/ Las Vegas Review-Journal.
Maya Cinemas to open soon in North Las Vegas
Moctesuma Esparza, CEO of Maya Cinemas, talks about the newest location in North Las Vegas, set to open Jan. 10. The aim of the theatre chain is to serve latino-centric, underserved communities.
Holiday shopping and returns make this the busiest time of year for UPS
The UPS Las Vegas South facility is the company's busiest pre-load operation in the country, and it's even busier this time of year. (K.M. Cannon/Las Vegas Review-Journal)
Primm’s outlet mall has fallen on hard times
The mall, attached to Primm Valley Resort, opened in 1998. Back then, it was a “textbook, perfect outlet-center location." But now, Primm’s outlet mall has fallen on hard times. Las Vegas Boulevard has endless shopping spots. And there are other outlet malls that don’t require a hefty drive to the state line. Its mortgage-holder foreclosed on the mall in late September.
Miltary auction at Ritchie Bros. Auctioneers
Humvees, ammo cans, construction equipment, field gear and more is on the auction block Friday and Saturday at Ritchie Bros. Auctioneers. About 10,000 items in all are for sale in what GovPlanet bills as the largest auction of its kind.
Las Vegas residents discuss avoiding holiday scams
Las Vegas residents discuss their donation habits and how they avoid giving money to scam charities during the holiday season. (Bailey Schulz/Las Vegas Review-Journal)
Tesla’s Nevada Gigafactory ahead of economic impact expectations
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
Land sales near the Las Vegas Raiders stadium
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That's roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
T-Mobile Tech Experience Truck parks in Toshiba Plaza at T-Mobile Arena
The Tech Experience Truck is a state-of-the-art showroom on wheels, with demonstrations that put connected drones, smart cities, augmented/virtual reality and smart tracking. The exhibit shows new wireless technology – including 5G and the Internet of Things (IoT). (K.M. Cannon/Las Vegas Review-Journal)
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents to keep them from teetering off into homelessness. Bizuayehu Tesfaye/Las Vrgas Review-Journal @bizutesfaye
Crowds camp out for Chick-fil-A opening
Dozens of customers camped out 24 hours ahead of the 6 a.m. Thursday opening of the new Chick-fil-A on Rainbow Blvd.
Cheapest listings for sale in Las Vegas
Listed for $39,990, 585 S. Royal Crest Circle, Unit #9 is one of the cheapest homes currently listed for sale in Las Vegas. (Caroline Brehman/Las Vegas Review-Journal)
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Terry Miller discusses Convention Center
Project Manager Terry Miller explains the phases of Convention Center construction.
Zappos treats their team members on Cyber Monday
Zappos rolls out a variety of food, drinks and special activities for all team members at their downtown Las Vegas headquarters for Cyber Monday. (K.M. Cannon/Las Vegas Review-Journal)
Team Hybrid at the 2019-Model Motor Trend International Auto Show
Among the companies showing off the 2019 model cars, Team Hybrid shows off its modified cars. Las Vegas resident David David talks about the team, which is in its ninth year exhibiting at the show, and his show car.
Black Friday Shoppers at downtown Summerlin and at the Arsenal
Black Friday shoppers at downtown Summerlin and at the Arsenal. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfYe
Black Friday shopping in Las Vegas
Black Friday sale shopers express their shopping experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Black Friday at Fry's
Shoppers line up for deals early on Black Friday at Fry's Electronics on Las Vegas Boulevard South. (Mat Luschek/Las Vegas Review-Journal)
Black Friday shoppers at Best Buy at 5 am
Black Friday shoppers at Best Buy at 5 am on Nov. 23. (Mat Luschek/Las Vegas Review-Journal
Black Friday - 1am Closing Time
Quiet night.
Black Friday - 12:30am - Best Buy Arroyo Crossing
Sam's Town Holiday Lighting Ceremony
On Wednesday, Nov. 21, 2018, Mystic Falls Park opened with its annual tree lighting ceremony, hosted by Boyd Gaming Executive Chairman Bill Boyd. The attraction features a Winter Wonderland theme and holiday-inspired laser light show, available daily Nov. 23 to Jan. 1. (Mat Luschek/Las Vegas Review-Journal)
What Is A Smart City?
George Karayannis, vice president of CityNow, Panasonic’s smart-city arm, explains. (Nicole Raz/Las Vegas Review-Journal)
Walmart uses virtual reality to train employees
Walmart Academy Facilitator demonstrates the VR training program being used by Walmart stores across the country.
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