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Archive for February, 2006
Wednesday, February 1, 2006 Wall Street loves gaming - again By Ian Mylchreest That's the word, at least, with the release of major gaming stock indexes, reports the Review-Journal. That's a 23 percent jump for gamers compared to only 7 percent for the S&P 500.
All that success comes from a couple of things, Applied Analysis' Brian Gordon tells the paper. The new strength in the Asian market [...]
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Wednesday, February 1, 2006 Energy tax credit question still unanswered By Ian Mylchreest President Bush called for greater energy independence and technological solutions, but did not anwer the biggest question for the renewable energy industry, reports the Las Vegas Sun. Investors in wind and solar projects want to know if the President's energy plans include extending the tax credit for wind farms and solar plants beyond the 2008 [...]
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Wednesday, February 1, 2006 LAX should concentrate on international flights By Ian Mylchreest L.A. Mayor Antonio Villaraigosa has come up with a plan to send short-haul flights to other airports in Southern California, reports the Los Angeles Times. The plan is yet another attempt to deal with local opposition to any expansion of the area's main airport.
The mayor wants the reserve LAX for international flights and make it [...]
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Wednesday, February 1, 2006 Gambling drug shows promise By Ian Mylchreest A lot of pop psychology has talked about addictive behaviors but a trial at the University of Minnesota says a drug used to treat alcoholism is also successful in treating compulsive gambling, reports the Los Angeles Times.
"The study is part of emerging evidence that gambling, once thought to be a problem in moral integrity, [...]
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Wednesday, February 1, 2006 How the mighty are fallen By Ian Mylchreest The rise and rise of Internet search engine Google was supposed to represent the dot.com boom without the bust but the mega-company did the unforgiveable yesterday: It disappointed Wall Street's profit expectations. The vengeance was swift, reports the New York Times.
The stock price fell 12 percent to $379. The price had seemingly defied gravity reaching [...]
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Wednesday, February 1, 2006 Infill projects go ahead in Phoenix By Ian Mylchreest The biggest city in Arizona is facing some of the same growth problems as Las Vegas, and it looks like they're doing some of the same things to curb sprawl and create affordable housing. A developer who specializes in infill projects is taking a blighted corner of the city that once houses a women's prison, [...]
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Wednesday, February 1, 2006 Burger King goes public By Ian Mylchreest The Burger King chain will be filling for an IPO, reports the Associated Press. The move is part of the company's efforts to regain ground lost to other burger chains, McDonald's and Wendy's.
The offering is expected to being in February or March. "Our goal has always been to take Burger King public," Chairman Greg Brenneman [...]
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Wednesday, February 1, 2006 United to fly free again By Ian Mylchreest United will move out its 38-month stay under bankruptcy protection, reports the New York Times. Of course, the company's employees who have taken the bulk of the pain, remain wary about management's plans to streamline the carrier.
United has cut employment by roughly a quarter. It expects by 2010 to have its annual costs $7 billion [...]
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Wednesday, February 1, 2006 Luxury hotel group announces IPO By Ian Mylchreest Kingdom Hotel Investments has announced plans to sell stock to the public, reports Bloomberg. The company will list in Dubai and list global depositary shares in London.
The company has gained notoriety from its owner, Saudi Prince Alwaleed bin Talal, who is the world's fifth-richest man.
The company holds stakes in 26 luxury and upscale properties [...]
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