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Never-opened Las Vegas hotel denied an explosive end

Subscriber onlyLAS VEGAS — One by one, the grand old dames of the Strip outlived their charms — the Dunes, Stardust and Aladdin — and down they came, thanks to some well-rigged dynamite, in a booming flash of bravado and showmanship that became this city’s staple — the implosion. Continue reading...

Union Pacific’s profit jumps 14%

CEO credits improving economy, spending on infrastructure

Subscriber onlyOMAHA, Neb. — Union Pacific Corp. railroad delivered a 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments despite the harsh winter. Continue reading...

Cherokees to start on casino hotel

Subscriber onlyLater this month, the Cherokee Nation will break ground in Roland, Okla., on a new casino hotel a short distance west from Fort Smith on Interstate 40. Continue reading...

GE optimistic about outlook despite earnings drop

Subscriber onlyNEW YORK — General Electric’s new focus on oil and gas equipment helped the company post strong first-quarter results. Continue reading...

Business news in brief

Subscriber onlyQUOTE OF THE DAY “I think the investment in our infrastructure and the condition of our infrastructure paid huge dividends for us, and maybe we had a little luck as well.” Jack Koraleski, Union Pacific chief executive officer Continue reading...

Stocks seesaw on quarterly profit reports

Subscriber onlyA batch of U.S. company earnings drove stocks mostly higher Thursday. Continue reading...

Earnings report

Subscriber onlyCompanies reporting quarterly earnings Thursday included : Chipotle Mexican Grill Inc., the Mexican food chain, a profit of $83.1 million, or $2.64 a share, up from $76.6 million, or $2.45 a share, a year ago. Revenue climbed 24 percent to $904.2 million. Shares fell $32.79 to close at $519.61. Continue reading...

Jobless claims up by 2,000

Subscriber onlyThe number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Unemployment claims continue to be near pre-recession levels despite the slight increase. Continue reading...

Costs of $6 billion hit bank’s profits

Subscriber onlyBank of America, the second-biggest U.S. lender, swung to a first-quarter loss as the company booked $6 billion of costs tied to mortgage disputes. Continue reading...

March construction data mixed

Housing starts climb 2.8%, but permit applications drop

Subscriber onlyU.S. home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Continue reading...

2 in note: GM part chosen as cost saver

Subscriber onlyGeneral Motors Co. engineers in 2001 designed an alternative to the spring used in an ignition switch for the 2003 Saturn Ion before it was rejected, according to a letter sent Wednesday to Chief Executive Officer Mary Barra from Joan Claybrook, a former head of the National Highway Traffic Safety Administration, and Clarence Ditlow, executive director of the Center for Auto Safety. Continue reading...

Fed’s survey sees rebound from winter

Subscriber onlyThe Federal Reserve said Wednesday that the U.S. economy continued to expand in most regions as businesses benefited from a bounce-back from harsh winter weather earlier in the year. Continue reading...

Bitcoin trader denied bankruptcy shield

Subscriber onlyThe Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Continue reading...

Investor cheer buoys stocks again

Subscriber onlyInvestors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data. Continue reading...

Business news in brief

Subscriber onlyQUOTE OF THE DAY “We know GM designed two different plungers and springs. They made an affirmative decision to use the cheaper one.” Joan Claybrook, former head of the National Highway Traffic Safety Administration Continue reading...

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