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Las Vegas Monorail files for Ch. 11 bankruptcy
LAS VEGAS (AP) — The Las Vegas Monorail has filed for Chapter 11 bankruptcy protection in hopes of restructuring its debt. Las Vegas Monorail CEO Curtis Myles said in a statement released late Wednesday that the transit system had enough revenue to pay its operating costs and some of its debt. He said the monorail's hours will not be affected. Myles says the company needs to get through bankruptcy before it can expand its system to the airport...
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Hoover Dam bridge project gets nearly $6M grant
PHOENIX — Arizona Congressman Trent Franks has announced the acquisition of a nearly $6 million federal grant that will be used to fund continued work on the Hoover Dam Bypass Bridge Project at the Arizona-Nevada border. The 1,900-foot span is being designed to carry four lanes of U.S. Highway 93 traffic between Arizona and Nevada, bypassing a winding two-lane road across the dam. The highway is a key route between Las Vegas and Phoenix. The b...
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Self-help law center open at Las Vegas courthouse
LAS VEGAS — Court and county officials are marking the opening of a new Civil Law Self-Help Center at the Regional Justice Center in Las Vegas. A court spokesman says the Thursday ceremony will include Presiding Clark County District Court Civil Judge Elizabeth Gonzalez and Las Vegas Justice Court Vice Chief Judge Melissa Saragosa. The office on the first floor of the 17-story courthouse offers tools like common civil forms, education and self...
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The doctor is in
Camera Clinic ‘surgeon’ Steve Sweringen has found a unique local niche servicing and salvaging new and old photography equipment.
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Breaking Through
Obtaining business goals in the new year
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Sparking a successful new year
Sparks Chamber of Commerce Executive Director Len Stevens discusses a few things Sparks small business owners should keep in mind for a successful new year.
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Nonprofit numbers are both up and down
There are more entities being granted nonprofit status, but donations and grants are also down.
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Dimming the holiday party lights
National reports say fewer companies are planning holiday parties this year, another victim of the recession.
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The nuts and bolts of Black Friday
NEW YORK — The nation's stores usher in the traditional start of the holiday shopping season Friday with extended hours, freebies and deep discounts on everything from toys to flat-panel TVs. Here are the nuts and bolts of the holiday kickoff, dubbed Black Friday because it traditionally was when the crowds of shoppers pushed stores into profitability, or "the black." Q. Is Black Friday the busiest day of the season and year? A. Historically, ...
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Reno to help businesses weather recession
RENO — The city of Reno and the Reno Redevelopment Agency will help struggling local businesses weather the economic downturn through a program called the Reno Community Vitality and Economic Recovery (RECOVER) program. The program was developed at the direction of the Reno City Council to address concerns about the number of failed businesses and commercial foreclosures in the downtown core due to the recession.   The program is designed to e...
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Helping Veterans Get Down To Business
Local vets find unique options to grow and start their small businesses.
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New magazine aims to find success in recession
Mix up a little sex, a little style and a little sass and you have a recipe for Reno’s newest magazine. Reno Style magazine is the brain baby of Junkee Clothing Exchange owner Jessica Schneider and her staff of fashion fans. The product was launched in October into an industry that has seen a 27 percent plunge in revenue since January, according to statistics gathered by the Magazine Publishers of America. So why start a free magazine when the...
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Solar savings and wind windfalls
To a business wanting to go green, renewable energy technology may seem like an appealing, and business savvy, idea: Install renewables, like solar or wind, on your business and watch the tax credits, incentives and savings roll in. However, seeing the green may be a little more complicated. The intricacies of Nevada’s evolving renewable energy industry will attract more than 500 researchers, federal contractors and venture capitalists to John...
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Leading indicators signal growth, but jobs scarce
NEW YORK (AP) — A private forecast of economic activity rose for the sixth straight month in September, a sign the economy may keep growing early next year despite rising unemployment. The number of new claims for jobless benefits jumped more than expected last week. Claims had fallen in five out of the previous six weeks, and most economists expect that trend to continue but at a slow pace, with employers still reluctant to hire. The Conferen...
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Congress scrutinizes problems in home buyer credit
WASHINGTON (AP) — The rush to implement a tax credit for first-time home buyers opened the program up to potential fraud by people who hadn’t bought a home or already owned one, Congress was told Thursday. J. Russell George, Treasury Inspector General for Tax Administration, questioned the eligibility of some 100,000 claims out of the 1.5 million who have sought to take advantage of the $8,000 tax credit incorporated in the economic stimulus p...
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Treasury to order bailed-out firms to slash pay
WASHINGTON (AP) — First came the bailout. Now comes the payback. The Treasury Department is ordering seven big companies that haven’t paid back last year’s government bailouts to halve their top executives’ average compensation. The cuts apply to the 25 highest-paid executives at the companies, with salaries being slashed up to 90 percent, according to a person familiar with the matter. The companies are: Bank of America Corp., American Intern...
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Fed proposes to police bank pay for first time
(AP) — The Federal Reserve for the first time would police banks’ pay policies to ensure they don’t encourage employees to take reckless gambles like those that contributed to the financial crisis, according to a proposal unveiled Thursday. Unlike a Treasury plan to slash pay at certain companies that were bailed out with large sums of taxpayer money, the Fed proposal would cover thousands of banks, including many that never received a bailout...
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Holiday hiring may take a holiday
Retailers at the Legends at Sparks Marina were tight-lipped Thursday on the topic of hired holiday help. As the Christmas “sale” signs lay in wait in the back rooms, retail forecasts in the midst of economic depression were optimistic, but realistic. Managers across the center, who see the ins and outs of local business, said that they were forbidden from speaking to the media because of corporate rules. However, many were pessimistic about th...
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Dressing Up To Scrub Down
Slacks, a button-down shirt and tie are the required uniform at Rail City Carwash, a unique Sparks business where the attendants dress in formal attire to scrub customers’ cars.
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Foreclosures rise 5 percent from summer to fall
The number of U.S. households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed by a flood of defaults among people who lost their jobs.
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