Quantcast
Home manage Las Vegas Review-Journal
  Jobs Cars Homes Shopping Travel Weddings Golf Best of Las Vegas Photo   Search:

RECENT EDITIONS
Sat Sun Mon Tue Wed Thu Fri

sponsored by
Business


IN BRIEF

Sun Country will seek bankruptcy protection

Vacation-oriented Sun Country Airlines will file for bankruptcy protection but will keep flying to Southern Nevada and other destinations.


Most Popular Stories
  • Mayor calls Lady Luck casino 'carcass'
  • CASINOS IN COURT: Testimony heard in Wynn case
  • Consolidated Resorts files for Chapter 7 bankruptcy
  • Players turned away at WSOP
  • Area economy hits 'pause' period, economist says
  • Fontainebleau files motion to leave offices
  • NEVADAN AT WORK: Local gaming veteran sees opportunity in small Henderson casino
  • FOURTH OF JULY TOURISM: Las Vegas is the place for bargain seekers
  • ONLINE GUY: Palm Pre promising but not ready to replace Apple iPhone in pocket
  • Job hunt is brutal for older workers




  • The airline represents just a fraction of passenger traffic at McCarran International Airport but is critical for air service to Laughlin, hauling roughly 45 percent of fly-in traffic to Laughlin Bullhead International Airport in Bullhead City, Ariz.

    Laughlin airport director David Gaines said Sun Country represented about 226,000 arrivals and departures by charter in 2007. That translates to about 3.7 percent of the 3 million people who visited Laughlin during that time. Sun Country's 77,150 arrivals and departures through August at McCarran represent less than one-half of 1 percent of total scheduled traffic.

    NEW YORK

    Oil prices decline as crisis crimps demand

    Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.

    A barrel of oil has not been this cheap in eight months, suggesting that the climate in which oil soared to unheard of levels is coming to an abrupt end.

    Light, sweet crude for November delivery fell $6.07, or 6.4 percent, to settle at $87.81 a barrel on the New York Mercantile Exchange. It was crude's fourth straight negative session and its lowest settlement since Feb. 6.

    NEW YORK

    Credit markets stay stuck amid bailouts

    The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage assets.

    The London Interbank Offered Rate, or LIBOR, for 3-month dollar loans eased only slightly to 4.29 percent from Friday's nearly nine-month high of 4.33 percent. The overnight LIBOR for dollar loans -- which dropped Friday to a nearly four-year low of just below 2 percent, the Federal Reserve's target overnight rate -- edged back up to 2.25 percent.

    ATLANTIC CITY

    Casinos may postpone blanket smoking ban

    With the economy crumbling and revenues plunging, the city may put off the Oct. 15 start of a blanket ban on smoking in casinos to avoid further losses.

    The ban, opposed by casino owners but supported by workers, was approved in April before Wall Street melted down. The City Council is scheduled Wednesday to consider a delay.

    HARRISBURG, Pa.

    Mars completes deal to acquire Wrigley

    Mars Inc. closed its $23 billion deal to purchase chewing-gum giant Wm. Wrigley Jr. Co., the companies said Monday, making the combined business the world's largest candy maker.

    The deal brings together household names: Wrigley, a landmark in Chicago where the company began in 1891; and Mars, the privately held maker of Snickers and Skittles and M&Ms.

    As of Monday's market close, Wrigley's stock ceased trading publicly. The owner of Orbit chewing gum became a subsidiary of Mars. WASHINGTON

    Interest rates decline in Treasury auction

    Interest rates on short-term Treasury bills fell in Monday's auction, with yields on three-month bills falling to the lowest level on record, reflecting continued strains in credit markets.

    The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.46 percent, down from 1.1 percent last week. It auctioned $27 billion in six-month bills at a discount rate of 1.1 percent, down from 1.54 percent.

    As stocks swoon, prices for Treasurys increase

    As the Dow Jones industrial average dropped below 10,000, Treasury prices rose.

    The 10-year note rose 0.97 points to 104.28 and yielded 3.45 percent, down from 3.60 percent.

    The 30-year bond rose 1.59 points to 108.78 and yielded 3.99 percent, down from 4.09 percent.

    Newsvine Digg Fark Technorati reddit StumbleUpon del.icio.us Slashdot Propeller Mixx Furl Twitter MySpace Facebook Google Bookmarks Yahoo! Bookmarks Windows Live Favorites Ask MyStuff myAOL Favorites

    Leave Your Comment 0 Reader Comments
    Terms & Conditions
    The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

    Some comments may not display immediately due to an automatic filter. These comments will be reviewed within 48 hours. Please do not submit a comment more than once.
    Current Word Count:

    Note: Comments made by reporters and editors of the Las Vegas Review-Journal are presented with a yellow background.