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Archive for November, 2006
Friday, November 17, 2006 LA also has minimum wage blues By Ian Mylchreest The Question 5 anti-smoking initiative has overshadowed Question 6, which sets into the state constitution a higher minimum wage with cost-of-living adjustments. Still, there are some restaurateurs who are nervous about the way the new minimum wage will push up all their labor costs because cooks and others will want to maintain the difference between their [...]
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Wednesday, November 15, 2006 Airline consolidation continues By Ian Mylchreest That’s the only way to read the news about US Airways’ offer for Delta. The new US Airways, which was the old America West after it had taken over US, is offering creditors of Delta $4 billion in cash and $4 billion in stock, reports the New York Times. That would give creditors about 50 [...]
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Wednesday, November 15, 2006 Rinker profits could hurt Cemex bid By Ian Mylchreest Australian-based materials supplier Rinker reported an 11 percent jump in profit last week due to higher prices for cement and crushed rock, reports Bloomberg. The added profit was designed to slow the takeover bid from Mexican cement giant Cemex.
The company had been expected to suffer from the big housing downturn in previously hot markets like Florida and [...]
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Wednesday, November 15, 2006 Bidder drops out of race to control European exchanges By Ian Mylchreest The Big Board’s attempt to buy Euronext, the company that owns European stock exchanges, moved one step closer. It’s main competitor, Deutsche Boerse, has dropped out, reports Reuters. Euronext, which runs the Paris, Amsterdam, Brussels and Lisbon stock exchanges, had fought the Frankfurt Exchange operator and wanted to hook up with the New York Stock [...]
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Tuesday, November 14, 2006 Where did all the data go? By Ian Mylchreest Have you noticed that it’s harder to find financial data on the Web? There’s a good reason for that: The New York Stock Exchange has pushed its fees up for real time quotes and many of the big finance Web sites like AOL have dropped the information.
Now, reports Dow Jones and the Associated Press, a [...]
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Monday, November 13, 2006 Sinking “Sirens”? By David McKee Back when Treasure Island still had its family-friendly pirate show (one of the many Steve Wynn legacies MGM Mirage has been bent on erasing or defacing), the crowds that lined up for it, night after night, were not to be believed. Three years back, MGM Mirage announced it was re-branding the joint T&A … er, [...]
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Monday, November 13, 2006 Aristocrat and Bally join forces (and other news) By David McKee Struggling supplier Bally Technologies caught a break from rival Aristocrat Technologies. The latter announced today that the duo would pair up to market a common system for configuring and downloading slot games, using the latest GSA protocols. (Intriguing subplot: Aristocrat’s former chief of U.S. operations, Gavin Isaacs, recently left for Bally, rumored to be chafing [...]
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Monday, November 13, 2006 Another lousy week By Len Butcher I expect every Monday to look back at the previous week and say, “Hey, world, we had a good week.” As always, I’m disappointed. Yes, a lot of good things happened last week, but it seems we only hear about the bad or the ridiculous, and there’s plenty to go around. Although I must say [...]
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Monday, November 13, 2006 Open Letter to Brian Greenspun By Steve Sebelius Dear Mr. Greenspun:
Caught your Thursday column last week, and I had a question. It’s not a trick question, or a mean question, or a question meant to further the rivalry between the Review-Journal and the Las Vegas Sun. (As you know, I’ve worked for both, and I don’t vouch for either, even though the [...]
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Monday, November 13, 2006 This just in! By Steve Sebelius Gov.-elect Jim Gibbons has named Mike Dayton as his chief of staff. Dayton, who formerly worked as Gibbons’ chief of staff in his Washington, D.C. office, was a chief advisor to Lt. Gov. Lorraine Hunt before a brief stint with the city of Las Vegas. He’s currently a lobbyist with the McDonald Carano Wilson law [...]
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