Top News & Analysis Nevada

More

  • SPARKS, Nevada, July 26- Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. While some analysts have questioned how profitable the Model 3 will be, Musk on Tuesday said he expects the car to generate $20...

  • SPARKS, Nevada, July 26- Tesla Motors Inc's "master plan" to broaden the electric vehicle maker's product line could cost "tens of billions" of dollars over time and would likely require a "modest capital raise," Chief Executive Elon Musk said on Tuesday. Speaking at a formal unveiling of Tesla's $5 billion battery "gigafactory" outside Reno, Nevada, Musk said the new...

  • RENO, Nev., July 26- Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. A "modest capital raise" could be needed to fund Tesla's strategic plans, and new products in the plan could cost "tens of billions" over time, Musk said at a press conference...

  • July 26- Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.

  • SPARKS, Nev.— It's Tesla Motors' biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world's production of lithium-ion batteries. The factory is about 14 percent complete, but when it's finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. Tesla CEO Elon Musk said the factory could...

  • At an event in Los Angeles, Jia promised "disruptive pricing" reminiscent of how it bundles video subscriptions with smartphone and smart TV purchases in China. Vizio is based in Irvine, California, and has been the No. 2 TV brand in North America behind Samsung for the past seven years, according to research firm IHS Markit. Vizio founder and CEO William Wang will...

  • Data downloaded from the Tesla Model S shows the vehicle was traveling at 74 mph in a 65- mph zone on a divided highway in Williston, Florida, near Gainesville, the National Transportation Safety Board said in a preliminary report. The driver, Joshua Brown, 40, a tech company owner from Canton, Ohio, was using the sedan's cruise control and lane-keeping features at...

  • WASHINGTON— Hundreds of cafeteria workers who help feed senators and others in the Capitol and nearby office buildings will get back pay totaling more than $1 million because their private employers illegally underpaid them, the Labor Department said Tuesday. The department's Wage and Hour Division said it is reviewing whether the two federal contractors—...

  • LAS VEGAS _ Las Vegas Sands Corp. on Monday reported second-quarter profit of $328 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Las Vegas Sands shares have increased 9 percent since the beginning of the year.

  • TRUCKEE, Calif.— Once believed to have gone extinct in the Sierra Nevada, scientists believe a wolverine spotted this winter north of Lake Tahoe is the same one that in 2008 became the first documented in the area since the 1920 s. Chris Stermer, a wildlife biologist for the California Department of Fish and Wildlife, set up remote cameras in the Tahoe National...

  • BOSTON— Wynn Resorts has fended off a challenge to a key state environmental permit as it looks to finally start construction on its nearly $2 billion Boston- area casino. Wynn said it will immediately start construction on the resort casino complex planned for the Mystic River waterfront in Everett once the environmental license is in hand.

  • WASHINGTON— Unemployment rates ticked up noticeably in six states in June, even as employers continued to add jobs and the hiring outlook improved. A similar trend played out in five other states: Nevada and Oregon each saw a 0.3 percent increase, while rates went up 0.2 points in California, Maine and South Dakota. South Dakota had the nation's lowest rate in June,...

  • Trendon Shavers, who operated Bitcoin Savings and Trust, was also ordered by U.S. Shavers, a Prosper, Texas, resident who went by "pirateat40" online, was arrested in November 2014, two months after a federal judge in Texas ordered him to pay $40.7 million in a related U.S. Securities and Exchange Commission civil lawsuit. Prosecutors said from 2011 to 2012, Shavers,...

  • LAS VEGAS— Donald Trump's hotel in Las Vegas and the powerful Culinary Union have settled claims of unfair labor practices involving two employees, union officials said Thursday. The agreement provides $1,500 to Alma Zamarin and $9,700 to Michael Campus, the union said. The agreement approved in June by Brian Baudreau, managing director of Trump Ruffin...

  • The Wall Street bank helped 1 MDB, which was founded by Malaysian Prime Minister Najib Razak in September 2009, raise $6.5 billion in three bond sales in 2012 and 2013 to invest in energy projects and real estate to boost the Malaysian economy. Prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, luxury...

  • July 20- Tesla Motors Inc Chief Executive Elon Musk Wednesday unveiled an ambitious plan to expand the company into electric trucks and buses, car sharing and solar energy systems. In a blog post titled "Master Plan, Part Deux," Musk sketched a vision of an integrated carbon-free energy enterprise offering a wider range of vehicles, and products and services...

  • July 20- Tesla Motors Inc Chief Executive Elon Musk Wednesday unveiled an ambitious plan to expand the company into electric semi trucks and buses, car sharing and solar energy systems. In a blog post titled "Master Plan, Part Deux," Musk sketched a vision of an integrated carbon-free energy enterprise offering a wider range of vehicles, and products and services...

  • NEW YORK, July 20- Leonardo DiCaprio bought the movie rights for what would be "The Wolf of Wall Street" back in 2007. Directed by Martin Scorsese and starring DiCaprio as real-life convicted stockbroker Jordan Belfort "The Wolf of Wall Street," went on to make $400 million at the worldwide box office, get five Oscar nominations, and win a Golden Globe for the popular...

  • RENO, Nev. _ Monarch Casino& Resort Inc. on Wednesday reported second-quarter net income of $5.7 million. Monarch Casino shares have increased almost 4 percent since the beginning of the year. Keywords: Monarch Casino, Earnings Report.

  • July 20- Tesla Motors Inc Chief Executive Elon Musk said Wednesday he will roll out a new master plan for the electric luxury car maker this evening, after hints he intends to make Tesla a renewable energy enterprise offering products and services beyond vehicles. Musk told more than 4 million Twitter followers that a "post should go live on Tesla website" around...