Citing falling demand for hotel rooms in Las Vegas, the Sahara is closing two of its towers for the winter, and possibly longer. The main Tangiers tower and the casino will remain open. This falls on the heels of Binion’s decision to close all its rooms, which went into effect yesterday. It’s [...]
Continue reading...Thursday, December 10, 2009
New claims for unemployment rose slightly last week for the first time in six weeks, but the four week average continued to fall. The seasonally adjust number of first time claims rose by 17,000 to 474,000. Analysts had expected the number to fall to 450,000. However the four week average, which is [...]
Continue reading...Monday, November 9, 2009
Video and computer game maker Electronic Arts is planning to cut 1500 jobs, or about 17% of its total workforce. The cuts are a reaction to sharp drops in consumer spending on entertainment. EA recently acquired online game maker Playfish and is shifting its focus away from traditional “pay then play” games to the [...]
Continue reading...Wednesday, October 28, 2009
US Airways, as part of an overall cost savings program that will eliminate 1000 jobs, has announced that it will reduce the number of flights into Las Vegas by 44 percent. The carrier will also end non-stop service between Las Vegas and ten other cities. With 6500 new hotel rooms set to open [...]
Continue reading...Friday, October 23, 2009
French company Alstom SA is laying off 500 people at its rail assembly facility in western New York, leaving 200 to 300 employees at the plant. The plant has only one active contract, building rail cars for New York’s MTA. The firm plans to bid for contracts next year to build cars for [...]
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Tuesday, December 15, 2009
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