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Local Business News

Lincoln Co.’s Relief Tax for Ruidoso Downs Lags

RUIDOSO — The state Taxation and Revenue Department reported a drop in Lincoln County’s new sales tax that will be used to provide a break in the state’s gaming tax... Read more »

Health-Care Reform Act Assailed

Congress caved into corporate interests last year to enact a health care policy that will leave millions of Americans without insurance, do nothing to rein in rising costs and put... Read more »

Pending Home Sales Climb

More people across the country and in New Mexico signed contracts to buy homes in March, but sales were uneven and were accompanied by reports of increasing cancellations. Nationally, sales... Read more »

6,900 False Security Alarms Plague Police in Las Cruces

LAS CRUCES — The number of false security alarm calls the Las Cruces Police Department responded to last year far outpaced legitimate claims and forced officers into conducting more than... Read more »

Sony: PlayStation Network Hacked

LOS ANGELES — Sony Corp. this week admitted that hackers have obtained personal data that likely included credit card information of tens of millions of people who have registered for... Read more »

Effects From Japan Quake Ripple Through Auto Industry

LOS ANGELES — The earthquake in Japan is taking a heavy toll on the auto industry. With Japanese automakers and parts suppliers still struggling to recover from the disaster, car... Read more »

SIC Criticizes Small Business Corp.

SANTA FE — Whether the primary goal for the largely autonomous Small Business Investment Corp. is to stimulate job creation and economic growth or to post a profit surfaced as... Read more »

Latest Business News

Block Returns To Work at the PRC District 3 Public Regulation Commissioner Jerome Block said Tuesday he is back working in Santa Fe this week after a 3 1/2-week leave.... Read more »

CofC Petition Promotes Intel Air Permit Revision

The Greater Albuquerque Chamber of Commerce is circulating a petition among its more than 6,000 members supporting a proposed revision to Intel’s air quality permit. The chipmaker says the revision... Read more »

Tortilla Turnover

A 24-year-old local tortilla business — created and run by the Martinez family and known as Albuquerque Tortilla Co. Inc. — has been sold for almost $9 million to a... Read more »

Home Prices Extend Slide In February

Residential home prices dropped across the country in February by the most in more than a year, a sign the housing market is struggling to stabilize. The S&P/Case-Shiller index of... Read more »

Intel Gets Its First County Tax Notice

RIO RANCHO — Chipmaking giant Intel will get its first tax bill from Sandoval County this fall for the Rio Rancho plant it opened more than 30 years ago. Intel’s... Read more »