Sunday, May 19 2013 2:47 PM EDT2013-05-19 18:47:40 GMT
LAS VEGAS-- Metro officers have arrested two suspects accused of killing a teen while trying to steal his iPad. 15-year-old Marcos Arenas was run over by an SUV on Thursday near Charleston and Torrey Pines. PoliceMore>>
Metro officers have arrested two suspects accused of killing a teen while trying to steal his iPad.More>>
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>>
Sunday, May 19 2013 6:10 PM EDT2013-05-19 22:10:00 GMT
LAS VEGAS-- Some of the trams at McCarran International Airport are down due to an electrical failure. Officials tells us they stopped working this morning. Right now at least 2 trams are working, butMore>>
Some of the trams at McCarran International Airport are down due to an electrical failure.More>>
Sunday, May 19 2013 2:26 PM EDT2013-05-19 18:26:25 GMT
LAS VEGAS-- Nevada Highway Patrol is investigating a deadly crash on the I15 near the Speedway. We're told 3 people are dead. The driver of a Acura was driving northbound when for some reason he enteredMore>>
Nevada Highway Patrol is investigating a deadly crash on the I15 near the Speedway. We're told 3 people are dead.More>>
Saturday, May 18 2013 9:25 PM EDT2013-05-19 01:25:46 GMT
As a family struggles with the death of a 15-year-old boy killed over and iPad, police are trying to track down the men responsible. Police say two men tried to rob the child of the device on Thursday.More>>
As a family struggles with the death of a 15-year-old boy killed over and iPad, police are trying to track down the men responsible.More>>
Saturday, May 18 2013 9:09 PM EDT2013-05-19 01:09:50 GMT
Lines of people were wrapped around The Lotto Store twice this weekend for the second largest lottery in the history of Powerball. The jackpot has grown to $600 million. People tell 8 News Now they waitedMore>>
Lines of people were wrapped around The Lotto Store twice this weekend for the second largest lottery in the history of Powerball.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>>
Claim: A new advertisement airing on KLAS-TV Channel 8 from Priorities USA Action, a super political action committee that supports President Barack Obama, features a man who says, "With Romney and Bain Capital, the objective was to make money. Whether the companies they came in and worked with made money or not was irrelevant. Bain Capital always made money. If we lost, they made money. If we survived, they made money. It's as simple as that. He promised us the same things he's promising the United States. He'll give you the same thing he gave us. Nothing. He'll take it all."
Verdict: Partly true and partly misleading. The ad sources a Reuters story published in January on Bain Capital, the private equity company co-founded by Republican presidential nominee Mitt Romney. Reuters reported that Bain made at least $8.5 million in profit on a steel mill in Kansas City, Mo., even though the facility eventually closed and cost 750 people their jobs. In addition, a federal insurance agency had to issue a $44 million bailout to pay for the mill's underfunded pension plan, Reuters reported. The man featured in the ad, Pat Wells, was one of the steelworkers who lost his job. Wells made sense when he said that Bain Capital's objective was to make money.
But the ad lost steam when he claimed that Bain always made money. The Wall Street Journal, which also reported in January on Bain's track record, examined 77 businesses that the company invested in during Romney's tenure from 1984 through 1999. The newspaper found that 22 percent either filed for bankruptcy reorganization or closed within eight years after Bain first invested, and an additional 8 percent "ran into so much trouble that all of the money Bain invested was lost." Some 70 percent of the returns Bain investors made came from only 10 deals and four of those companies also declared bankruptcy.
Reuters likewise reported: "Romney's career at Bain included both successes and failures. That is not unusual in the private equity business, where investors buy troubled companies and try to turn them around, often through aggressive use of debt."