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Archive for January 10th, 2006


Tuesday, January 10, 2006
Nevada Power bets big on Ely
By Ian Mylchreest
Nevada Power and its parent, Sierra Pacific Resources, are planning big things for the state, reports the Review-Journal. The companies announced a $5 billion plan to link both ends of the state for the first time. The Ely Energy Center, which will cost $5 billion, would be the biggest energy project in Nevada since the construction [...]
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Tuesday, January 10, 2006
Fliers are less frequent
By Ian Mylchreest
It's getting harder and harder for fliers to cash out those frequent flyer points, reports USA Today. Airlines are allocating fewer seats for rewards and so travelers have been using the points for accommodation and consumer goods. Airlines are demanding that loyalty program members buy premium seats that burn more points or suffer other indignities. [...]
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Tuesday, January 10, 2006
Banker creates a dream job
By Ian Mylchreest
One Wall St. banker took the millions he made in the Goodman Sachs IPO and decided to look for his own dream job. And he found it, reports Bloomberg when he bought two golf newsletters that review the best courses around the world. David Baum bought Golf Insider and folded it into Golf Odyssey and now [...]
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Tuesday, January 10, 2006
Prison or the pros? Choice is their's
By Len Butcher
Rape; battery; pulling a gun. All serious crimes. All alleged. And all done by college football players. What the hell is wrong with these kids? The gun charge is against Marcus Vick, former Virginia Tech QB and younger brother of Atlanta Falcons quarterback. Michael Vick. This doesn’t really come as much of a surprise, [...]
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Tuesday, January 10, 2006
Home Depot looks to the pros
By Ian Mylchreest
Atlanta-based Home Depot is moving into the materials market for professional contractors. Bloomberg reports the hardware chain has paid $3.19 billion for Orlando, Fla.-based Hughes Supply Inc. Hughes, which sells construction materials and products, has more than 500 locations in 40 states, mostly in the south, Home Depot said in a statement. The price is a [...]
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Tuesday, January 10, 2006
Saks gets ready for a sale
By Ian Mylchreest
Saks Fifth Avenue, the luxury department store, is being readied for sale, reports the New York Times. The company has thinned out its management ranks and is selling the remaining midprice stores in its stable. The market is betting that the time is right for a sale becaause private equity funds are flush with cash and [...]
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