Friday, May 17 2013 8:05 PM EDT2013-05-18 00:05:13 GMT
LAS VEGAS -- When Randy Kleiner stopped to help an injured driver, he didn't expect to become injured himself. But on Thursday morning, as he was assisting someone who had crashed their car, anotherMore>>
When Randy Kleiner stopped to help an injured driver, he didn't expect to become injured himself.More>>
Friday, May 17 2013 9:02 PM EDT2013-05-18 01:02:54 GMT
LAS VEGAS -- A volunteer basketball coach at Shadow Ridge High School has been arrested, Clark County Schools Police Lt. Ken Young said. According to the Clark County Detention Center, the volunteer coach,More>>
A volunteer basketball coach at Shadow Ridge High School has been arrested, Clark County Schools Police Lt. Ken Young said.More>>
Friday, May 17 2013 8:56 PM EDT2013-05-18 00:56:00 GMT
LAS VEGAS - Metro Police says a preteen who was assaulted Thursday during an attempted robbery has died. Investigators said the preteen was walking near Charleston Boulevard and Torrey Pines Drive withMore>>
Marcos Arenas, a Bonanza High School student who was assaulted Thursday during an attempted theft, has died, Metro Police said.More>>
Friday, May 17 2013 8:39 PM EDT2013-05-18 00:39:56 GMT
LAS VEGAS -- Metro Police are investigating two people found dead in an apartment complex near Desert Inn Road and Maryland Parkway. According to police, the bodies were found around 3 p.m. Friday atMore>>
Metro Police are investigating the deaths of a man and a woman whose bodies were found in an apartment Friday afternoon near Desert Inn Road and Maryland Parkway.More>>
Friday, May 17 2013 8:17 PM EDT2013-05-18 00:17:28 GMT
LAS VEGAS -- Clark County firefighters are responding to reports of an explosion and fire at a facility located at North Las Vegas Boulevard and Sloan Lane. This is a developing story. 8NewsNOW. com willMore>>
One person is reported dead following an explosion and fire at a facility located at North Las Vegas Boulevard and Sloan Lane.More>>
Friday, May 17 2013 8:03 PM EDT2013-05-18 00:03:09 GMT
LAS VEGAS -- The theft of iPads, iPhones and other Apple devices is becoming commonplace, earning it the nickname, "Apple-picking," the police said. Bonanza High School student Marcos Arenas died ThursdayMore>>
The theft of iPads, iPhones and other Apple devices is becoming commonplace, earning it the nickname, "Apple-picking," the police said.More>>
Friday, May 17 2013 6:42 PM EDT2013-05-17 22:42:38 GMT
LAS VEGAS -- The Federal Election Commission had found that the parents of disgraced former Sen. John Ensign of Nevada made excessive in-kind contributions to a former political action committee staffMore>>
The Federal Election Commission had found that the parents of disgraced former Sen. John Ensign of Nevada made excessive in-kind contributions to a former political action committee staff member.More>>
Friday, May 17 2013 6:21 PM EDT2013-05-17 22:21:11 GMT
LAS VEGAS (AP) -- The lawyer who unsuccessfully defended O.J. Simpson against armed robbery charges in Las Vegas says his client knew two companions had guns in a 2007 confrontation with memorabilia dealers. MiamiMore>>
The lawyer who unsuccessfully defended O.J. Simpson against armed robbery charges in Las Vegas says his client knew two companions had guns in a 2007 confrontation with memorabilia dealers.More>>
UNLV Police partnered with Metro Police to be prepared for the horrific case of an active shooter on campus.More>>
Another longtime Las Vegas valley company, Rhodes Homes, filed for bankruptcy protection. For now, the developer says it will remain business as usualat its construction and home sale sites.
Rhodes filed for Chapter 11 relief Tuesday after failing to make its latest payment on a $500 million line of credit.
With more than 20 years of experience and 7,000 homes built in the valley, Rhodes Homes admits they have been hit so hard by the economic recession in Las Vegas that the company needs to reorganize its own house if they're going to survive.
The sights and sounds of construction can still be found at the latest Rhodes Homes development in the far southwest end of the valley.
Rhodes Ranch homeowner Donald Mailloux has nothing but praise for the company that built his golf-course home a year and a half ago, "Customer service here is great. If you have a problem with your home, they are immediately on it."
But now that Rhodes has filed for Chapter 11 protection, Mailloux is counting on the developer's reputation and 20 year track record in the market, "That's what brought us to Rhodes Ranch in the first place."
Rhodes is the latest in a growing line of valley companies to file for Chapter 11 relief, in an effort to renegotiate debt they can no longer manage.
Company owner and founder James Rhodes was not available to comment, but in a written statement said, "The economic crisis affecting Las Vegas, along with the inability to secure alternative and cost-effective financing, has hurt homebuilders harder than any other industry, particularly independent companies such as ours."
UNLV law professor Keith Rowley explains, in general terms, that Chapter 11 is not the same death blow that a Chapter 7 liquidation is.
"We're talking about a company or entity that thinks it can reorganize and can continue to do business," he said. "It's just this debt payment that's hanging over their heads."
As this financial reorganization proceeds, Rhodes Homes says it anticipates there will be little impact on the day-to-day operations of the company, that includes its home sales, home construction, and customer service.