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Fourth-quarter income surges for homebuilder M.D.C. Holdings

M.D.C. Holdings, a Denver-based homebuilder operating in several Western U.S.markets including Las Vegas, on Wednesday said its fourth-quarter net incomesurged from a year ago, topping Wall Street forecasts.

Scientific Games says it expects to post quarterly loss

Scientific Games, the Las Vegas-based producer of slot machines and gaming tables, said Wednesday it expects to post a fourth-quarter loss of as much as $115 million driven by a non-recurring write-down of assets.

Volkswagon will pay $1.2B to US big diesel owners

Volkswagen has agreed to pay at least $1.2 billion in buybacks and compensation to settle claims from U.S. owners of cars with larger diesel engines that the company rigged to cheat on emissions tests.

Tesla Model S falls just short of earning highest safety rating

Two luxury electric vehicles — the Tesla Model S and the BMW i3 — fell short of getting the highest safety ratings in new crash tests by the insurance industry.

Fed likely to take wait-and-see approach before raising rates

On Wednesday, the Fed will likely end its latest policy meeting with an announcement that it’s keeping its benchmark rate unchanged at a time of steady economic gains but also heightened uncertainty surrounding the new Trump administration.

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