Business Briefs |

Business Briefs

* South Lake Tahoe

Sunterra to offer air services

Sunterra Corporation, which runs the Embassy Vacation Resort in South Lake Tahoe, announced it has entered into an agreement with SkyMed International Inc. to provide Club Sunterra members with medical air services. The program is available to North American members who are vacationing at a resort located in the continent.

* South Lake Tahoe

Butcher sold to Reno company

Longtime business Barkley Co. had been sold to Sierra Meats, a Reno distributor that plans on staying in the Biggest Little City. When David Barkley recently died, his wife Kitt had decided to sell off the business, his brother Buck Barkley said.

The business closed up shop on Industrial Avenue last month.

Bob Shopshire, president of Sierra Meats, said he’ll miss Barkley, who ironically was a friend and competitor at varying times.

* El Dorado County

Disaster loans available

Small, non-farm businesses in El Dorado County may now apply for low-interest disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues to farmers and ranchers caused by adverse weather conditions.

* Reno

IGT net income falls slightly

International Game Technology of Reno said a lackluster domestic market led to flat third-quarter earnings, but the gambling machines giant Thursday still reported higher revenue and outpaced the expectations of Wall Street.

Net income fell slightly to $114.1 million, or 33 cents per share, from $114.7 million, or 32 cents per share, in the same period last year.

The higher per-share figure results from fewer shares outstanding in the latest period.

* National

Unemployment filings decline

The number of Americans filing new claims for unemployment benefits posted a big decline last week, reflect-ing fewer layoffs in the auto industry.

The Labor Department reported that 304,000 newly laid off workers filed applications for benefits, a drop of 30,000 from the previous week, when claims had surged by 20,000.

– Staff and wire reports compiled by Susan Wood

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