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Drought could produce good wine in Midwest
HERMANN, Mo. — Most of the grapes in Glenn Warnebold’s vineyard in Missouri’s picturesque wine country are about two-thirds of their usual size. Others have been reduced to raisins by the drought that burned up many crops across the Midwest this summer. Yet Warnebold figures it could be a good year with the drought concentrating the fruit’s flavors and sugar, which will turn to alcohol during fermentation. His red Norton and white Chardonel gr...
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Stocks down; Fed moves seem less like a sure thing
NEW YORK — Nobody ever said reading the Federal Reserve was easy. On Wednesday, the Fed appeared to suggest it was closer to taking additional steps to help the U.S. economy. Stocks rallied as a result and finished the day well off their lows. But the prospect of Fed help seemed much less certain Thursday, and stocks fell. The Dow Jones industrial average lost 115.30 points to close at 13,057.46 — the biggest loss in more than a month and the ...
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US new-home sales rise to match 2-year high
WASHINGTON — Sales of new homes in the United States rose 3.6 percent in July to match a two-year high reached in May, the latest sign of a steady recovery in the housing market. The Commerce Department said Thursday that new-home sales reached a seasonally adjusted annual rate of 372,000. That’s the same as in May, which was the highest since April 2010. In the past 12 months, sales have jumped 25 percent. Still, the increase is from a histor...
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Chinese company investment in the US supporting American jobs
WASHINGTON — While U.S. presidential candidates talk tough about what they see as China’s unfair trade policies, one fact gets little notice: Chinese companies are investing more than ever in the U.S. and supporting thousands of American jobs. With two separate billion-dollar deals in a struggling chain of movie theaters and in shale oil and gas, as well as other major ventures in the works, investment from China is set to hit record levels in...
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South Point, 2 others approved for online poker
Internet poker sites to be accessible only within the Nevada state bounderies
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US economic recovery is weakest since World War II
WASHINGTON — The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest. The ugliness goes well beyond unemployment, which at 8.3 percent is the highest ...
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Michael Phelps again graces Wheaties boxes
NEW YORK (AP) — With another six Olympic medals around his neck, swimmer Michael Phelps is once again touting the breakfast of champions. General Mills Inc. on Thursday unveiled limited-edition boxes of its Wheaties cereal featuring Phelps, who now holds a record 22 Olympic medals. Phelps was last featured on the box after the 2004 Olympics. After the 2008 Olympics, Phelps had jumped ship to a rival Kellogg Co. to grace the boxes of Corn Flake...
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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 div...
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Pyramid Lake Paiute Tribe gets broadband
The Pyramid Lake Paiute Tribe celebrated the ground-breaking of a $9.9 million project Tuesday that its leaders hope will weave together its tribal communities in Wadsworth, Nixon
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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 Associatio...
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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 sour...
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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 demeanor,...
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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 ...
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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 ow...
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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 CEO ...
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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 p...
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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 we...
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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 at ...
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