IN BRIEF

WASHINGTON

Fed stressed during meeting need to prevent future bubbles

At their March meeting, Federal Reserve officials stressed the need to make sure record-low interest rates don’t feed new speculative bubbles in stocks or other assets.

At the same time, some officials said the Fed’s pledge to keep rates low for an "extended period" doesn’t mean a fixed period of time. Rather, it depends on the strength of the economy, according to minutes of the closed-door meeting released Tuesday. Many analysts have taken the pledge to mean rates would stay at record lows for roughly six months to help underpin the recovery.

The Fed officials argued that the pledge won’t stop the Fed from boosting rates if the economy showed signs of picking up substantially or if inflation took off. On the other hand, the pledge "could last for some time" if the economy took a turn for the worse.

PHILADELPHIA

Wynn delivers designs for Philadelphia casino project

Las Vegas casino developer Steve Wynn says he’s delivered renderings of a proposed Philadelphia casino project to state regulators.

Wynn visited Philadelphia on Monday to meet with Mayor Michael Nutter about the stalled Foxwoods riverfront casino project he hopes to rescue.

Renderings for the project are due to the Pennsylvania Gaming Control Board on April 26, but Wynn told The Philadelphia Inquirer he delivered them Monday.

In February, Wynn offered to take over the embattled project from a group of local investors and the Connecticut Indian tribe that owns the Foxwoods Casino there. Regulators still must approve the deal.

ATHENS, Greece

Greece’s borrowing costs rise on report of bid to alter deal

Greece’s borrowing costs shot up Tuesday following a report, later denied, that Athens was seeking to revise a deal hammered out last month that would provide a European and International Monetary Fund rescue to prevent a default.

Markets have so far appeared unconvinced that the bailout plan, which would provide Greece with bilateral loans from euro-zone countries and the IMF, would be sufficient to contain the country’s debt crisis.

Finance Minister George Papaconstantinou vehemently denied a report that Athens was seeking to re-negotiate the rescue plan to avoid IMF participation.

"There was never any action by our country to change the terms of the recent agreement," Papaconstantinou said in a statement Tuesday.

Greek borrowing costs shot up in the wake of the report, sending the interest rate gap, or spread, between Greek 10-year bonds and equivalent German issues surging to 406 basis points, or 4.06 percentage points, Tuesday afternoon from about 3.4 percentage points in the morning.

CHICAGO

Official says more Toyota safety glitches wouldn’t surprise him

Transportation Secretary Ray LaHood said Tuesday he wouldn’t be surprised if a review of documents from Toyota Motor Corp. uncovered additional safety lapses at the Japanese automaker.

LaHood said Toyota was "safety deaf" and said the Japanese automaker made a "huge mistake" by not disclosing safety problems with gasoline pedals on some of its most popular models sooner. A day earlier, the Department of Transportation charged that Toyota failed to alert regulators to its safety problems fast enough and announced it would face a record $16.4 million fine.

Documents from the automaker show that Toyota knew of the problem with the sticking gasoline pedals in late September but did not issue a recall until late January, LaHood said on Monday. The sticking pedals involved 2.3 million vehicles.

SAN FRANCISCO

AOL will sell off or shut down Bebo social networking site

Struggling Internet company AOL Inc. plans to sell or shut down the online community Bebo nearly two years after buying it for $850 million in an expansion of its social-networking ambitions.

In an e-mail to employees Tuesday, Jon Brod, who runs AOL’s startup acquisition and investment unit, AOL Ventures, said Bebo would need a "significant investment" to remain competitive.

Bebo’s audience has been slipping in the United States. ComScore Inc. reported that Bebo had 5.1 million U.S. users in February, down from 5.8 million a year earlier and a sliver of the 210 million that Facebook has.

Brod said AOL will look for potential buyers and plans to finish a strategic evaluation by the end of May. AOL paid $850 million in cash for San Francisco-based Bebo in May 2008.

ATLANTA

IPads unlikely to cause fliers security-check problems

Apple’s iPad tablet is friendlier than a traditional laptop when it comes to airport security.

The Transportation Security Administration said Tuesday that in general people should not need to remove iPads from bags. That’s because they are relatively small and people who carry them often don’t have bulky accessories like plugs and external drives that clutter the image when computer bags are screened.

Screeners may still ask people to remove iPads if they can’t get a clear image of the device.

Apple Inc. sold more than 300,000 iPads on Saturday, the first day the device went on sale in stores.

The iPad is not a personal computer, but it does let users send e-mail, watch movies and surf the Internet.

PARIS

Renault, Nissan, Daimler will unveil research, parts alliance

Renault SA and Nissan Motor Co. will unveil a wide-ranging three-way alliance with German automaker Daimler AG today aimed at bolstering their offerings in small, energy efficient vehicles.

The parts-sharing and research alliance with German automaker Daimler AG will be announced at a joint news conference in Brussels, two officials close to Renault told The Associated Press on Tuesday.

The partnership will also see the companies exchange small stakes of around 3 percent, the officials said.

The officials spoke on condition of anonymity because the deal has not been publicly announced.

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Business
MGM Grand Plans To Add Retail And Dining To Its Strip Facade
MGM Grand President and Chief Operating Officer Scott Sibella said executives are “discussing redeveloping that entire frontage of the building out to the Las Vegas Strip.” (Todd Prince/Las Vegas Review-Journal)
Boyd Gaming planning new corporate campus
Casino operator Boyd Gaming Corp. has filed plans to build a new corporate campus. The plans call for two 10-story office buildings and a six-level parking garage in the southwest Las Vegas Valley. Boyd Gaming operates The Orleans, the Suncoast, downtown's California Hotel and other properties. The new headquarters would be just a mile from its current main office building.
Bellagio Conservatory transformed to celebrate Year of the Pig
The Bellagio Conservatory Team transformed the 14,000 square foot conservatory to commemorate Chinese New Year, the holiday that marks the end of the coldest days of winter. (Rachel Aston/Las Vegas Review-Journal)
CES 2019: Intro uses sound to connect people
Intro, a startup that is part of the Future Worlds Accelerator in the UK, has an app that uses ultrasonic sound to find people and companies nearby.
CES 2019 Video: CES wraps up another year
Time-lapse video of the action at CES 2019 in Las Vegas. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Create your own beauty products
Beauty Mix by BeautyByMe is a product that lets you create your own cosmetics and beauty products. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Picobrew’s home brew machine
Picobrew brings automation to homebrewing. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Surviving CES
What it's like to spend four days working the mammoth tech convention. (Jason Bracelin/Las Vegas Review-Journal)
Haier’s smart home
Haier presented smart home technology at CES 2019.
CES 2019 VIDEO: Foldimate makes laundry day easy
Foldimate has created a machine that will fold your laundry for you. Just feed it anything you need folded and it will do the rest. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Opte device corrects skin spots
Opte from Proctor and Gamble is a device for correcting spots and freckles from skin. It analyzes the area for spots and then covers them with a serum of matching skin tone. (Mat Luschek/Las Vegas Review-Journal)
Circa hotel-casino in downtown Las Vegas unveiled
Derek Stevens reveals Circa hotel-casino in downtown Las Vegas. He plans open by the end of 2020. (K.M Cannon/Las Vegas Review-Journal)
Circa, new casino coming to Fremont Street
Casino owner Derek Stevens announces his new property Circa, coming to Fremont Street in downtown Las Vegas in late 2020. (Michael Quine/Las Vegas Review-Journal)
Dreenk My Oeno makes wine suggestions
At CES 2019 in Las Vegas, the Dreenk My Oeno tells you all about wine.
Polaroid One Step Plus camera unveiled at CES 2019
Polaroid has moved into the digital age with its One Step Plus camera with Bluetooth. With the connected app, it turns your smartphone into a remote for the camera, along with filters and features.
Amazon is everywhere at CES 2019 in Las Vegas
Seemingly everything works with Amazon Alexa
LG Smart Mirror helps you dress snazzy
LG’s Smart Mirror is less of a mirror but more of an assistant to help get you looking snazzy. It takes your image and recommends clothes for you or matches existing clothes with new clothes, which can be purchased right from the mirror. (Mat Luschek/Las Vegas Review-Journal)
Underwater robots make waves at CES 2019 in Las Vegas
Robosea is a company dedicated to underwater robotics. They produce consumer robots for underwater filming as well as commercial products which can be used for underwater research. (Mat Luschek/Las Vegas Review-Journal)
CES 2019 - Victrola record players spin in Las Vegas
A new spin on an old favorite, Victrola record players are meeting a demand for retro products. The brand is also making furnitures with built-in speakers.
CES 2019: Slamtec robots ready to serve
Slamtec is a robotics company out of China whose goal is to provide solutions for laser localization mapping and navigation. They have created two autonomous robots that can be used in areas such as bars, restaurants and malls. (Mat Luschek/Las Vegas Review-Journal)
Mixologiq drink maker appears at CES 2019 in Las Vegas.
This is the Mixologiq drink maker.
CES 2019: Veritable smart garden
Let’s face it; not all of us have green thumbs. And herbs are particularly difficult to grow, considering their constant need for sunshine. Enter the Veritable smart garden from Exky, which does it all for you. (Heidi Knapp Rinella/Las Vegas Review-Journal)
Bonnie Springs Ranch near Las Vegas being sold to developer
Bonnie Springs Ranch near Las Vegas is being sold to a developer, set to close in March. Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. The developer and his project partner are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. The plans includes a 25-room motel, a restaurant and a 5,400-square-foot event barn.
Bone-conduction headphones form Aftershokz
Aftershokz offers bone-conduction headphones - headphones that don’t go in the ear.
CES Happy Hour party at Hangover Suite at Caesars Palace
Conventioneers mingled during the Hardware Massive CES 2019 Happy Hour Bash at The Hangover Suite at Caesars Palace in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Autonomous Cars and Futuristic Aircraft Rule CES
Day two of CES was dominated by autonomous cars and futuristic aircraft in the North Hall of the Las Vegas Convention Center.
TekNekSavr fights neck problems caused by smart phones
Atiya Syverson invented the TekNekSavr to help fight neck and head problems caused by strains while typing on smart phones. (Mat Luschek/Las Vegas Review-Journal)
New eyeglasses know if you fall and call for help
The French company Abeye has created eye glasses that will detect if the wearer falls and call for help. (Mat Luschek/Las Vegas Review-Journal)
Company that creates vibrator-like device claims genders bias against CES
Lora DiCarlo is a women-run start-up that creates a vibrator-like device designed for female pleasure called the Osé. This year they were awarded the CES Innovation Award in the Robotics and Drone Category, but a month later the Consumer Technology Association, which runs CES, rescinded the award and their booth. Haddock and her team believe it is a reflection of gender bias and sexism in an industry with a long history of male domination.
CES-Wagz has new pet products
Wagz has three new products to help create better lives for your pets in a digital world. One is a collar with LTE tracking and an HD camera. Also a smart pet door that only lets your pet in and out. Lastly, a device to humanely keep Fluffy out of certain areas of your home. (Mat Luschek/Las Vegas Review-Journal)
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