Business briefly |

Business briefly

Gov. Gibbons names Myers to economic development agency

(AP) – Nevada Gov. Jim Gibbons says he has appointed the manager of a job placement and training firm to the state’s economic development commission.

Gibbons says he likes Charlie Myers for the post because of public service and private sector experience.

Myers is manager of Sierra Office Solutions in Elko, Nev.

The commission is in charge of developing a diverse economy in the state.

IGT reports fiscal 4Q loss of $21.3 million

LAS VEGAS (AP) – International Game Technology on Thursday posted a fiscal fourth-quarter loss, but said it thinks demand for its slot machines and casino management systems has stabilized.

The company posted a loss of $21.3 million, or 7 cents per share, compared with a profit of $52.1 million, or 18 cents per share, in the same quarter last year.

Revenue slipped to $514.6 million, from $632.2 million a year ago.

Analysts surveyed by Thomson Reuters, who usually exclude one-time items from their estimates, predicted earnings of 17 cents per share on revenue of $497.9 million.

For the full fiscal year, profit fell to $149 million, or 51 cents per share, from $342.5 million, or $1.10 per share, in fiscal 2008.

Sales fell to $2.11 billion from $2.53 billion a year earlier.

The Reno-based company said it recognized 4,200 sales in North America during the quarter, including 3,800 replacement units.

CEO Patti Smith said that when she took over as chief executive in April, casinos seemed like they would allow slot machines to remain on casino floors for 40 years or more.

IRS seeks to get refunds to Nevadans

LAS VEGAS (AP) – The Internal Revenue Service says it’s got $2.2 million in undelivered tax refunds due to more than 1,700 Nevada taxpayers.

IRS spokesman Raphael Tulino in San Diego says most of the checks were returned by the post office due to mailing address errors.

Tulino says most are owed to Clark County and Las Vegas-area residents.

Nationally, the IRS wants to deliver more than 100,000 refunds to taxpayers who are owed a combined $124 million. Checks average a little more than $1,100.

The IRS says taxpayers can use the “Where’s My Refund?” tool on to see if their address is up-to-date.

The agency encourages taxpayers to file electronically and accept direct deposit of their refunds into checking accounts.