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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
Housing prices pit builders against banks

Faced with bottom-line competition from foreclosures and short sales, homebuilders in Las Vegas have reduced prices to the point that some are selling for less than $100 a square foot.

Nevadan vetted as possible BLM nominee

WASHINGTON — Bob Abbey, a former state director for the Bureau of Land Management in Nevada, is in line to be nominated to head the BLM nationally, Sen. Harry Reid said Thursday.

Las Vegas-based bank holding company seeks merger permission

Community Bancorp, a $1.9 billion-asset bank holding company based in Las Vegas, has asked regulators for permission to merge its Arizona and Nevada banks to improve efficiency and boost capital of the Nevada bank although it does not expect an approval for two or three months.

IN BRIEF

WARREN, Mich.

Titus bill targets foreclosure woes

WASHINGTON — Rep. Dina Titus’ first bill in Congress seeks to get out information on how homeowners may qualify for help to reduce their monthly payments and avoid foreclosure.

Local Saturn stores could consolidate

DETROIT — General Motors Corp.’s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand’s top executive said.

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