Latest Business News

In Reno, a boomtown resurgence leads to a housing crisis

Oct. 20, 2018 11:45 AM EDT

RENO, Nev. (AP) — They were the toast of Reno in the 1950s, when the growing casino industry sparked a boom that for a time turned northern Nevada into the West's top gambling destination. Dozens of downtown motor lodges provided spare but comfortable retreats for motorists who took to the nation's new...

California's growing shadow looms over Nevada's midterms

Oct. 20, 2018 11:32 AM EDT

LAS VEGAS (AP) — The Republicans running in Nevada's hotly contested races for governor and U.S. Senate are taking aim at a common target as they try to maintain GOP control of the seats: California. As more Californians have poured across the state line over the past few years, many of them escaping...

The Latest: 'Over half a million' march for new Brexit vote

Oct. 20, 2018 11:02 AM EDT

LONDON (AP) — The Latest on anti-Brexit protest Saturday in London (all times local): 3:20 p.m. Organizers of a major protest in London calling for a new Brexit referendum are estimating that 670,000 people have turned up for the event. Activists want a fresh referendum in which Britons can have a say on...

First new oil wells in years being drilled in shale region

Oct. 20, 2018 10:52 AM EDT

GILLSBURG, Miss. (AP) — An Australian company is drilling new wells for the first time in years in an oil formation that straddles southwest Mississippi and southeast Louisiana. Australis Oil & Gas Ltd. announced earlier this month that it had started drilling the first of at least six planned wells...

State: Unemployment steady; record high number of jobs

Oct. 20, 2018 10:43 AM EDT

MONTGOMERY, Ala. (AP) — Alabama's unemployment rate is holding steady at 4.1 percent. Figures released by the state on Friday show Alabama's jobless rate for September is unchanged from August The state's unemployment rate is slightly worse than the national average of 3.7 percent. The Alabama Department...

Energy company pursues third wind farm in South Dakota area

Oct. 20, 2018 10:20 AM EDT

ABERDEEN, S.D. (AP) — An energy company is moving forward with a plan for a new 36-turbine wind farm in northeastern South Dakota. Aberdeen American News reports that Apex Clean Energy is planning Dakota Range Wind III in Roberts and Grant counties. Senior Development Manager Mark Mauersberger says the...

Protesters march in London to demand new vote on Brexit

Oct. 20, 2018 9:27 AM EDT

LONDON (AP) — Tens of thousands of protesters marched through central London on Saturday to demand a new referendum on Britain's departure from the European Union. Organizers want the public to have a final say on the government's Brexit deal with the EU, arguing that new facts have come to light about the...

Chinese broadens its propaganda drive to heartland America

Oct. 20, 2018 9:22 AM EDT

OMAHA, Neb. (AP) — China's propaganda machine has taken aim at American soybean farmers as part of its high-stakes trade war with the Trump administration. The publication last month of a four-page advertising section in the Des Moines Register opened a new battle line in China's effort to break the...

Chinese broadens its propaganda drive to heartland America

Oct. 20, 2018 9:19 AM EDT

OMAHA, Neb. (AP) — China's propaganda machine has taken aim at American soybean farmers as part of its high-stakes trade war with the Trump administration. The publication last month of a four-page advertising section in the Des Moines Register opened a new battle line in China's effort to break the...

Italy brushes off downgrade as it plans EU budget response

Oct. 20, 2018 4:37 AM EDT

ROME (AP) — Italy's deputy premier on Saturday brushed off a ratings downgrade and vowed to forge ahead with the government's rule-busting budget as Italy prepared to respond to European Union concerns about its high deficit targets. International credit rating agency Moody's late Friday downgraded Italy's...