S&P 500 creeps near four-year high; Cisco surges
NEW YORK (AP) — Encouraging earnings from Cisco and hopeful signs in a housing report lifted the stock market Thursday. The gains nudged the Standard & Poor’s 500 index near the four-year high it reached earlier this year.
Cisco Systems, the world’s largest maker of computer networking equipment, led the 30 stocks in the Dow Jones industrial average, surging 10 percent. Cisco beat profit expectations late Wednesday and raised its quarterly di...
Ostrovsky and Associates Merges with The Ferraro Group
RENO — The Ferraro Group, a Nevada public relations and public affairs company with offices in Las Vegas, Reno and Carson City, announced this week that Robert Ostrovsky will merge his lobbying firm, Ostrovsky and Associates, with The Ferraro Group effective Wednesday.
Ostrovsky, one of the capital’s most respected and experienced lobbyists since 1981, will join The Ferraro Group as a principal.
His firm represents the Nevada Resort Associa...
Western physicians group gets new tools
RENO — The Western Physicians’ Alliance (WPA) is teaming with AT&T and the American Medical Association (AMA) to make advanced electronic healthcare tools and resources available to its network of more than 325 independently practicing physician members throughout northern Nevada.
WPA physicians can access the AMAGINE physician community portal to help them easily integrate health IT into the management of their practices through a single s...
NNDA names new deputy director
CARSON CITY — Northern Nevada Development Authority (NNDA) announced this week the appointment of Maurice Washington as the organization’s new Deputy Director.
Rob Hooper, NNDA executive director since 2009, made the announcement at the NNDA board of directors meeting on July 18.
“Since joining NNDA more than a year and a half ago, Maurice has proven to be a great asset for the Sierra Region’s economic future,” Hooper said. “His calm demean...
Reno Street Food returns to Reno park
RENO — A gourmet street food rally and Family Night, sponsored by Reno Street Food, will be held tonight from 5 to 9 p.m. at Idlewild Park in Reno.
Fixtures at the event have been MJ BBQ Alabama Style and Dish Truck, Mamasake Truck, Red Truck, Hot and Healthy Crepes, St. Lawrence Pizza, Tahoe Creamery, Lazy Sundae, Full Belly Deli (with their “PIG POPS” and fried Twinkies), Pie Face Pizza Co., and J&J Italian Ice. Beer and wine by Great Basin...
Allstate agency owners honored
RENO — As business leaders and involved citizens in the Reno area, a number of Allstate exclusive agency owners were recently designated as Allstate Premier Service Agents for 2012.
Bestowed upon less than one-third of Allstate’s agency force, this designation is presented to Allstate agents for their commitment to putting the customer at the center of the agency’s work.
The Premier Service Agency designation were awarded to Allstate agency o...
Bankers Assoc. elects officers, directors
RENO — At its annual meeting, members of the Nevada Bankers Association elected officers and directors for 2012-2013.
Officers are: Stan Wilmoth, Chairman, also president and CEP of Heritage Bank of Nevada, Reno; Raymond Spect, Chairman Elect, also vice chairman of Toyota Financial Savings Bank of Henderson; Terry Shirley, Vice Chairman, also executive vice president and CFO of Nevada State Bank, Las Vegas; Brue Hendricks, Treasurer, also CE...
Team finds strategies to capture regional dollars
HAWTHORNE — The Stronger Economies Together (SET) Team met in Hawthorne July 11, where members learned about regional “star industries,” as well as economic “leakages” of products and services that are getting developed elsewhere.
“This is the key to turning the regional economy around,” said Dr. Tom Harris, who is director of the UNR Center for Economic Development.
“If we can identify the gaps, and then plug the leakages by producing these ...
US economic data add to signs of slowing recovery
WASHINGTON (AP) — A raft of economic news Thursday sketched a picture of a weakening U.S. economy held back by sluggish home buying and factory production.
Americans bought fewer homes in June than in May. Manufacturing in the Federal Reserve’s Philadelphia region contracted for a third straight month this month. And a gauge of future U.S. economic activity fell in June.
The number of Americans seeking unemployment benefits rose 34,000 last w...
US stocks creep up; IBM,
other tech stocks rise
NEW YORK (AP) — Strong earnings from IBM and other technology companies nudged the stock market higher Thursday, but a trio of weak economic reports kept the gains in check.
IBM surged 4 percent after it posted a jump in profits late Wednesday even as revenue fell. It marked the 38th consecutive quarter that IBM’s net income rose over the previous year. IBM leapt $7.09 to $195.34.
The Dow Jones industrial average rose 34.66 points to close a...
Middle East turmoil pushing oil higher again
NEW YORK (AP) — Rising tensions in the Middle East have pushed oil prices up 19 percent over the past three weeks and are leading to a rise in prices at the gasoline pump.
Since the start of July, average gasoline prices in the U.S. have climbed 11 cents to $3.44 per gallon. Pump prices are expected to creep higher in the coming weeks, and they aren’t likely to fall back to their June low of $3.33 for the rest of the summer, analysts say.
Military spending fight hits foreign oil, biofuel
ABOARD THE USS NIMITZ — Some 100 nautical miles northeast of Oahu in the Pacific Ocean, a fleet of U.S. Navy fighter jets slings from the deck of the U.S.S. Nimitz aircraft carrier, leaving thin trails of smoke on the tight runway.
The operation, part of maneuvers involving several thousand sailors as part of the world’s largest naval exercises in waters off Hawaii, was at the center of a growing controversy involving defense spending and for...
The Chamber launches new social sites
RENO — Since the merger last year of the Northern Nevada Chamber of Commerce and the Reno Sparks Chamber of Commerce, The Chamber has continued to maintain all of the corresponding social media platforms for the public’s convenience and ease during the transition.
The Chamber is now moving forward with new social media sites. The old sites will be disabled and the new “The Chamber” social media sites will be available to follow and post infor...
professionals host members-only party
RENO — The Reno-Tahoe Young Professionals Network (RTYPN) is giving its members a unique commemoration at its Members Only Party to be held at 5:39 p.m. July 18 at EDGE Nightspot at the Peppermill Resort, Spa and Casino. The fifth-annual event celebrates YPN’s development and success during the 2011-2012 year.
The event starts with a meeting to review the past year, unveil future events, and introduce the 2012-2013 RTYPN executive board. Thi...
corporation marks 20 years of service
ELY — Rural Nevada Development Corporation is a non-profit organization that focuses on housing services, business lending, and business assistance throughout rural Nevada.
It serves 16 counties and 27 Native American Tribes throughout the state. The corporation was established in 1992, to assist rural Nevada communities, provide adequate, safe and affordable housing for their citizens and access to business assistance and financing needed t...
EDAWN names VP of Entrepreneurial Development
RENO — The Economic Development Authority of Western Nevada (EDAWN) welcomes Doug Erwin as the new Vice President for Entrepreneurial Development.
Erwin begins in his new position, working to coordinate the entrepreneurial ecosystem of northern Nevada as well as collaborate between the University of Nevada, Reno, other higher education institutions, the state Technology Commercialization Manager, Karsten Heise and private industry, on June 4...