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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
Private-equity owner of Harrah’s sees economy bottoming out in 2010, 2011

A day after announcing that Harrah’s Entertainment had been able to trim its first-quarter losses, one of the co-founders of the private equity firms that owns the gaming company said he doesn’t expect the economy to bottom out until 2010 or 2011 with slow growth after that.

LV Sands reportedly selling casino in Macau

Las Vegas Sands Corp. may be considering selling its Sands Macau but would still operate the casino on a lease-back agreement.

Rhodes will retain control of companies

A key group of creditors is willing to set aside its motion to replace homebuilder and developer James Rhodes with a trustee in his bankruptcy cases, an attorney for the Rhodes Cos. said Monday.

Big banks seek better scores on stress tests

WASHINGTON — As executives of the nation’s largest banks review their stress-test results, even top performers are lobbying regulators to raise their scores before the numbers are finalized Friday.

Casino in Reno may shut

Pinnacle Entertainment might close its Reno-area casino unless the property starts turning a profit.

Useless checks enrage agents

Real estate agents with Liberty Realty in Las Vegas were left with unsigned commission checks that couldn’t be cashed when the office shut down last week, one of the agents said.

IN BRIEF

Price for oil tumbles on swine-flu reports

Hardesty touts plan for mandatory mediation

CARSON CITY — About 340 lawyers have volunteered to serve as mediators to work with lenders to keep Nevadans from losing their homes to foreclosure, Nevada Chief Justice Jim Hardesty said Monday.

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