The Buckle plans to construct a new office building in Kearney, Neb., to relocate staff and make room for growth. The building would stand near the clothing retailer's corporate headquarters and house 100 to 150 employees. The proposal is for a two-story, 39,600 square-foot floor plan totaling 79,200 square feet with no basement. The plans will be presented to the Kearney Planning Commission on June 28.
Arena to be built on Vegas Strip
Years of talk about building an arena capable of hosting professional sports and big-name concerts yielded an announcement this week that casino giant MGM Resorts International and entertainment company AEG will build a privately financed 20,000-seat indoor venue on the Las Vegas Strip. Construction on the $350 million arena should start next summer on land that MGM Resorts owns between the New York-New York and Monte Carlo resorts, the two companies said. Completion is expected by spring 2016.
Dish doesn't revise bid for Sprint
Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank. Dish said that Sprint Nextel Corp.'s decision to cut Dish's due diligence process short, among other things, made it “impracticable” to submit a revised bid. It said it will continue to focus on its bid for Clearwire, a wireless network operator in which Sprint has a majority stake.
FedEx profit falls 45%
FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options. Excluding charges, the results still beat Wall Street expectations. But the company's forecast for the next 12 months was shy of Wall Street forecasts. The world's second-largest package delivery company said Wednesday that it earned $303 million, or 95 cents per share, in the fourth quarter ended May 31. That's down from $550 million, or $1.73 per share, a year ago.