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Top News & Analysis Nevada

  • May 19- Trump turmoil may not be enough- it will take an aggressive Federal Reserve to bring an end to the low volatility, rising stocks party. Given the Feds track record of managing for smooth and rising financial markets as if it were an actual mandate, this is another way of saying it will be a while. This followed reports that former FBI Director James Comey, fired...

  • A significant number of the job gains occurred in nine states, led by Texas, Minnesota and Wisconsin. Arkansas, Colorado and Oregon reported the lowest unemployment rates since 1976. Colorado's rate, at 2.3 percent, was the nation's lowest. Hawaii, New Hampshire, North Dakota and South Dakota each had jobless rates below 3 percent.

  • LAS VEGAS, May 18- Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics. I've got something to prove, "the billionaire told a room full of hedge fund managers and investors at the annual SkyBridge Capital industry conference in Las Vegas, known as SALT. For Ackman, that setback was...

  • LAS VEGAS, May 18- Billionaire investor William Ackman, who invested with casual dining company Chipotle Mexican Grill Inc last year, said on Thursday that the company's Chief Executive Officer Steve Ells is "outstanding." Speaking at the annual SkyBridge Capital conference in Las Vegas, Ackman also said that hedge funds should deliver high returns or cut their...

  • Mallinckrodt shares hit a session low of $39.60 after the comments and were last down 3.5 percent. The U.S. Justice Department has been investigating Mallinckrodt along with other drug companies like Gilead, Valeant and Celgene for drug pricing practices. Earlier this year, Mallinckrodt agreed to pay $100 million to settle a lawsuit alleging that a company it...

  • LAS VEGAS, May 18- Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Loeb was speaking at the annual SkyBridge...

  • LAS VEGAS, May 18- Noted short-seller Jim Chanos on Thursday slammed the alliance between Express Scripts and Mallinckrodt Plc, saying their practices make drug prices excessively high. Chanos, speaking at SkyBridge Capital's SALT conference in Las Vegas, called the companies' use of third parties "a really questionable practice" and dubbed the partnership a "...

  • LAS VEGAS, May 18- Anthony Scaramucci was soaking up plenty of love this week at his high-profile hedge fund conference even as his political ambitions remained in limbo. The outspoken Wall Street figure in January agreed to sell his SkyBridge Capital LLC on the expectation of a public liaison job with U.S. The uncertainty over a White House position allowed...

  • LAS VEGAS, May 18- Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. Credit specialists Marc Lasry of Avenue Capital and Bruce Richards of Marathon Asset Management noted the relatively calm political climate there compared to the United...

  • The plans of Malaysia- based Genting Group for the site on the Strip's northern end include a 100,000- square-foot casino, dining options of authentic Asian cuisine and retail space. "The company has really taken a look at the market in Las Vegas throughout the past couple of years, and it has really shifted to something that's much more modern."

  • LAS VEGAS, May 17- Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is "puzzled" by how little markets have reacted to major political risks, and skeptical about the Trump administration's ability to fulfill its pledges to stoke faster growth. "It puzzles me that markets are very blasé about political risk until the last minute," Bernanke...

  • WASHINGTON— The Associated Press has promoted reporters Kathleen Hennessey and Bradley Klapper to a pair of key leadership positions in its Washington bureau. Hennessey will direct coverage of the White House and the Trump administration, while Klapper will oversee AP's reporting on foreign affairs. She later joined the Washington bureau of The Los...

  • Among the group's recommendations for the Senate include maintaining the expansion of Medicaid, the government health insurance program for the poor and disabled, while also limiting federal spending for certain populations, according to a copy of the proposal. Members of the group, which include governors from Utah, Tennessee and Michigan, are also now...

  • PROVIDENCE, R.I.— An elephant stretches its trunk through a window to soothe a sick child. The other closed this month, in Providence, Rhode Island, and with it, the end to a way of life few others have experienced. The Associated Press was allowed to observe it extensively.

  • ILFRACOMBE, England— A young British computer expert credited with cracking the WannaCry cyberattack told The Associated Press he doesn't consider himself a hero but fights malware because "it's the right thing to do." In his first face-to-face interview, Marcus Hutchins, who works for Los Angeles- based Kryptos Logic, said Monday that hundreds of computer...

  • NEW YORK— The Fox network is calling on superpowers and Seth MacFarlane to boost ratings this fall. "This is Seth's passion project," Dana Walden, Fox Television Group chairman and CEO, said Monday in a teleconference detailing the 2017-18 schedule for the network that's No. 4 among total viewers. The sitcom about two partners exploring unexplained phenomena in...

  • LAS VEGAS— Surrounded by imposing Las Vegas hotel-casinos in the foreground and desert mountains in the background, the group breathed deeply and loudly as an instructor guided them through their poses: upward dog, downward dog, lord of the dance. The three women and a man were inside a cabin of the world's tallest Ferris wheel, stretching and holding poses as the...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned Howard Hughes...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company since...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing its strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company...