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Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to the Las Vegas Review-Journal.

THE LATEST Business NEWS
Arrows point down at casino companies

The sour economy and a massive impairment charge caused casino giant Harrah’s Entertainment to report a net loss of more than $1 billion in the third quarter, the company said Tuesday.

PurchasePro proceeds available for claim

Professionals unwinding the final part of the 7-year-old bankruptcy case of PurchasePro.com are struggling with an unusual problem.

Western Alliance lays off workers

Bank of Nevada and an affiliated Nevada bank have laid off 28 workers as they deal with the recession and related losses.

NV Energy says rates could tumble

NV Energy detailed strong earnings growth in the third quarter, but company officials discussing the results Monday focused less on the past and more on trends that could curb rates and boost efficiencies in the years to come. … NV Energy posted net income of $182.6 million, or 78 cents a share, on revenue of $1.2 billion in the quarter that ended Sept. 30. That’s up from $150.8 million, or 64 cents a share, on revenue of $1.1 billion in the same quarter a year ago.

Station Casinos files for reorganization extension

Station Casinos has asked a federal bankruptcy judge for a four-month delay in proposing a reorganization plan for the company, a move attorneys for the Las Vegas-based casino operator hinted at last month.

Wind farm work expected in 2010

ELY — Construction of White Pine County’s first commercial wind turbine farm could begin as early as next summer and bring up to 200 workers to the rural area, project officials said.

COMING IN THIS WEEK’S BUSINESS PRESS

BEFORE COURT, CUTBACKS: The economic downturn is forcing law firms to think frugally. Some local law firms have rescinded job offers, hired fewer interns and laid off staff. Some lawyers say the slump may even end the longtime practice of charging billable hours.

Sun City Anthem resident battles HOA

Norman McCullough has become a 76-year-old pain that won’t go away for Sun City Anthem’s homeowner association board members.

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