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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
MGM Mirage borrows from credit line

An announcement Friday that MGM Mirage tapped into its revolving line of credit to borrow $842 million for general corporate purposes led three credit rating services to devalue the company’s bonds and sent the casino operator’s stock price to an all-time low.

NV Energy requests 3.6 percent rate increase

NV Energy is looking for a 3.6 percent rate increase that would begin Oct. 1, a month after the utility wants a previously announced 18 percent increase request to go into effect.

IN BRIEF

Southwest Gas says director will retire

Gaming stocks plunge to 2003 lows in February

Gaming stocks sunk to levels during February that have not been visited since President Bush declared “mission accomplished” and Arnold Schwarzenegger was making movies rather than governing California.

Security Savings Bank shut down

Henderson-based Security Savings Bank was shut down by banking regulators Friday and will reopen Monday as branches of Bank of Nevada.

Property owners seek to cut taxes

A chorus of almost 6,000 property owners have chanted the same mantra all month: Lower our taxes.

Profits dip for Southwest Gas

An ailing housing market slashed customer growth for Southern Nevada’s natural gas utility by nearly 80 percent in 2008.

Las Vegas Average Gas Prices
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