Part of the struggle for Las Vegas casinos to overcome is eroding convention business. Companies have canceled meetings as they tighten spending and seek to avoid bad blood with shareholders or a bad image with others over meeting in the town known worldwide as Sin City.

Among the earnings stories for Thursday, Nov. 5, from AP Financial News:

MGM Mirage's latest casino project isn't open yet, but a drop in the $8.5 billion complex's value combined with falling revenue companywide to push the casino operator into the red in its third quarter, the company said Thursday.

What follows is a roundup of corporate earnings reports for Thursday, Nov. 5.

Ohio voters have approved the opening of casinos in Toledo and three other cities, leaving officials and gambling interests in neighboring Indiana and Michigan worried that millions of dollars in gambling revenues — and taxes — are at risk.

MGM Mirage is to report its third-quarter financial results before the market opens Thursday. Below is a summary of key developments and analyst opinion related to the period.

MGM Mirage is to report its third-quarter financial results before the market opens Thursday. Below is a summary of key developments and analyst opinion related to the period.

Billionaire investor Kirk Kerkorian said Tuesday he is considering cutting his stake in MGM Mirage, whose earnings are being hammered in real estate downturn, as the casino company said it will take a nearly $1 billion charge because it had to slash condo prices at its CityCenter development.

Billionaire investor Kirk Kerkorian is considering cutting his stake in MGM Mirage, the hotel and casino operator whose earnings have been hammered by the real estate market.

A former chief executive of casino operator MGM Mirage has been diagnosed with cancer.

Developers of the $8.5 billion CityCenter on the Las Vegas Strip plan a 30 percent price cut on condos there that people have already agreed to buy, just help close the deals during the recession.

"Individual clients are anxious," says one market pro.  "We see signs of speculation from some of our clients that are not connected to reality."

Stocks moved higher near the close as oil prices surged more than $3 a barrel and gold made a run at $1,000 an ounce before backing off.

Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.

Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.