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2/8/2010 11:54 PM  
 
Vending firms learn to weather slump
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Widespread job losses throughout northern Nevada have hit owners of vending machine companies as reduced workforces mean fewer snack, drink and sandwich purchases. But they’re finding ways to protect their profits even while revenues decline. John Baldock, a retired engineer, purchased United Coffee & Vending LLC in 2002, and he’s been profitable since the day he acquired despite recent declines in sales volume. Baldock, who operates United Coffee & Vending from his home in the Saddlehorn area of southwest Reno, started with about 60 machines and 25 customers. Since 2002, he’s grown the company about 600 percent.
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NV Energy earnings
2/8/2010 11:30:37 AM
The president of NV Energy says he expects recovery of the state's economy will be measured in years rather than months. The company earned $4.2 million in the fourth quarter compared with a loss of $2.1 million a year earlier.

This week in NNBW: Contractor lands work in New York State.
2/8/2010 11:30:07 AM

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Oregon now prime target for recruiters
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An Oregon vote last month that boosts taxes on businesses and people who earn more than $125,000 in the state snapped economic development groups in northern Nevada to attention. While they continue to focus much of their attention on California companies, potentially disgruntled business owners in Oregon will be getting more attention. First out of the gate was Nevada Business Connections, a private industry recruitment group headquartered in Carson City, that launched an initiative last week to sell Oregon companies on the benefits of moving to Nevada.
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State uses new research to recruit from California
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If California executives don’t believe the claims of Nevada officials that the Silver State provides a better home for their business, Nevada now is coming armed with facts. The Nevada Commission on Economic Development commissioned Whittaker Associates Inc., a Michigan economic research firm, to detail the differences between California and Nevada. The study provides validation from an outside observer to the pitch made by industrial recruiters in Nevada, said Mike Skaggs, executive director of the Commission on Economic Development.
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National security concerns send miner into bankruptcy
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A Lovelock company tipped into bankruptcy by a federal decision says it expects to get its mining plans back on track. Firstgold Corp. filed for Chapter 11 reorganization in federal bankruptcy court in Reno. The petition listed assets of $17.96 million and liabilities of $26.98 million. The company spent $16 million during the past two years developing an ore-processing facility at Relief Canyon near Lovelock, site of the previously producing Pegasus Gold Mine.
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2010: A spa odyssey
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At the Spa Atlantis brine room, clients experience the effects of sea air from a brine waterfall while they zone out under a cycle of light illusions designed to promote wellbeing. A mile up the road at Spa Toscana in the Peppermill Hotel Casino, the Roman bath-inspired Caldarium features an indoor pool, cascading fountain, sundeck and “secret garden.” Both spas are huge — 30,000 square feet — and boast state-of-the-art features, from a Rasul Ceremonial Chamber for mud and mineral treatments at Spa Atlantis, to acoustic resonance therapy, in which subtle vibrations from music resonate through massage tables at Spa Toscana.
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