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Business

Carson City company buys South Meadows property

A Reno property in South Meadows has been acquired by a Carson City company that plans to develop an office building on the site.

Sales surge amid falling prices

After a dismal winter, real estate sales in Carson City have picked up the pace during the summer. "I think we are pulling out of our slump to a certain extent," said Kathy Tatro, Coldwell Banker Best Sellers.

Existing home sales show signs of recovery

WASHINGTON (AP) - The U.S. housing market is finally on the mend after its most far-reaching collapse in 70 years. That could help rebuild consumer confidence and revive the economy.

Business Briefly 7/24

Nevada gaming regulators propose open dialogue

Traditions Casino in Dayton takes another step forward

Rotate Black, Inc. of Petoskey, Mich., says it reached a deal with Schaller Development Group to build The Traditions Casino at Dayton. The planned casino is located on Highway 50 east of Sutro Tunnel Road.

Lower demand causes IGT's earnings to fall

RENO (AP) - International Game Technology said Thursday its third-quarter earnings fell 39 percent as the recession continued to stifle product demand in the casino industry, but the performance still beat Wall Street's expectations and...

Dow tops 9,000 as home sales rise for 3rd month

NEW YORK (AP) - Investors celebrated news of another jump in home sales by propelling the Dow Jones industrials to their first close above 9,000 since January.

Carson ranked among 23 metros showing a 'moderating' recession

Trying to see through the day-to-day fog of the economy is tough, yet, at least by some measures, Carson City's future is a bit brighter than others.

Business Briefly 7/23

Casino deal preserved(AP) - Opponents of a Sparks casino project backed by developer Harvey Whittemore lost Wednesday in a bid to get the Nevada Supreme Court to erase a controversial settlement that allowed the project to move forward.

Merchant Thursday: Unique Sounds enjoys new digs

The long journey to success for brothers Mitch and Khaled Abdelhady started in Jerusalem, and has taken them to owning a bright, shiny new building for their business, Unique Sounds.

Mint to move operations to Dayton

A Washington state firm has purchased Medallic Art Company in Dayton, a move that could possibly bring about 200 new jobs to the area.

Chapter 7 for clinics named in hepatitis case

LAS VEGAS (AP) - The three medical clinics at the center of last year's hepatitis outbreak have filed for bankruptcy, in a move that threatens to delay the first civil trial involving a patient infected with hepatitis C, which is...

Suit seeks damages from mining firm

RENO (AP) - Five workers laid off last year from a northern Nevada mine have filed a civil lawsuit against a Canadian mining firm, claiming they were denied severance pay, notice, medical claims and retirement contributions required under...

Report: CIT Group board OKs $3 billion rescue loan

WASHINGTON (AP) - CIT Group Inc.'s board approved a deal late Sunday with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, the New York Times reported.

Stalled Fontainebleau resort canceling 2010 events

LAS VEGAS (AP) - With construction on its $3 billion resort halted, Fontainebleau Las Vegas resort is canceling meetings and conventions scheduled for the first half of 2010.

Truck center discussed for USA Parkway

While Gov. Jim Gibbons stood before reporters and snipped a ribbon marking the completion of grading of USA Parkway across Storey County last week, Vince Griffith was thinking about the next seven miles of the parkway.

Room rates decline in Tahoe, Washoe

Hotels in the Reno-Tahoe area are slashing rates in an effort draw visitors.Montbleu Resort, Casino and Spa at South Lake Tahoe, for instance, advertised $39 rooms during June.

Nevada Bar Association making $120,000 in grants

LAS VEGAS (AP) - The State Bar of Nevada says it's donating more than $120,000 to nine Nevada nonprofit organizations to boost legal service and education around the state.

Business licenses issued in Carson City as of July 10:

Anything Grows, 2578 S. Curry St., new general business, Stan Pardue, ownerCaterpillar's, 314 S. Carson St., new general business, Nathaniel Killgore, ownerDiamond Carpet Cleaning, 187 Crown Point Dr., new general business

Celebrate locally-owned retailers this week

The Carson Valley Chamber of Commerce and Main Street Gardnerville want to remind residents that this week is National Independent Retailers Week, celebrating the uniqueness that locally-owned businesses bring to a community.

Carson City commerical real estate which way is up?

With the many "For Sale" and "For Lease" signs adorning commercial buildings in all parts of Carson City, it's not news that the market for these properties has lost steam.

Northern Nevada business briefly 7-19

Paul Enos joins NBC advisory board

Regulators shut banks in Calif., Ga. and SD

WASHINGTON - Regulators on Friday shut two banks in California and two smaller banks in Georgia and South Dakota, boosting to 57 the number of federally insured banks to fail this year.

Recession takes toll on Reno business

RENO - A new report released Thursday shows while fewer businesses relocated or expanded in western Nevada in the past year because of the recession, more jobs were created.

Unemployment accelerates foreclosure crisis

WASHINGTON - Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.

Carson shop promotes styles made in America

Trinity Winslow is on a one-woman mission to get people to buy American, and she's fighting that battle one dress at a time.

Business Briefly 7/16

Dutch Bros. to donate proceedsDutch Bros. Coffee, 1449 S. Carson St., will donate $1 from every drink sold from 5:30 a.m.-11 p.m. Friday to Relay For Life of Carson City.

Signs of a healthier downtown emerging

"If there's a lesson in streetwatching it is that people do like basics - and as environments go, a street that is open to the sky and filled with people and life is a splendid place to be," observes the great advocate for...

Nevada hospitals rated with others in nation

Figures released by the national Hospital Compare program last week show that Carson Tahoe Regional Medical Center generally performs at the same level as other hospitals in the region and around the nation on a wide variety of measurements.

Women Entrepreneurs going national

When Julie Espalin organized the first meeting of a new chapter of Women Entrepreneurs of Nevada in Reno, she hoped that 10 women might show up.

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