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Archive for January 6th, 2006
Friday, January 6, 2006 Good times keep on rolling By Ian Mylchreest Big casinos had another bumper year, according to a new report from the Gaming Control Board. They generated more than $1.8 billion on revenue of $21.4 billion in 2005, reports the Review-Journal.
The total result far exceeded the next best year on record - 1996 when $1.35 billion was the total profit. The other notable thing [...]
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Friday, January 6, 2006 Takeover boom rolls on in Golden State By Ian Mylchreest Nevada wasn't the only state with big buyouts in 2005. The Los Angeles Times reports that business sales surged in California last year, "mirroring a national trend, as public companies scrambled to grow and buyout firms put piles of money to work."
Deals involving California-based companies, as either buyer or seller, rose 9 percent to 2,246, [...]
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Friday, January 6, 2006 Oil company goes corny By Ian Mylchreest Chevron Corp. plans to begin selling fuel made mostly from ethanol in California this summer to test demand, reports the Los Angeles Times. Southern Nevada's gasoline comes by pipeline from refineries in California, which means the price in both states track very closely.
The new concoction, called E85, is 85 percent ethanol and 15 percent gasoline. [...]
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Friday, January 6, 2006 Southwest merger unlikely By Ian Mylchreest Frontier Airlines CEO Jeff Potter tells the Denver Post a merger between Frontier and low-cost behemoth Southwest is unlikely and is unlikely to work even if his operation were bought out.
Frontier is Denver's second biggest airline and focuses on the Rocky Mountain hub where Southwest has a minimal presence. The acquisition would make sense for [...]
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Friday, January 6, 2006 Can Wall Street keep setting records? By Ian Mylchreest Last year was another record year on Wall Street, which followed a record 2004, reports the New York Times. But with interest rates rising, the conventional wisdom should be that major finance houses will falter.
They earn as much as half their profits from credit, so rate hikes should hurt, but that's now how the bankers [...]
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