Business Briefly (for Oct. 31)

President of NVAR named

Mike Young, a Realtor with Chase International in Incline Village, was installed as the 2011 president of the Nevada Association of Realtors on Oct. 1.

Young, who has been serving as NVAR's president-elect during 2010, has worked in the real estate profession for 30 years.

He announced that his theme for 2011 is "Nevada Realtors - One Voice," saying he wants to "bring NVAR members together to build a more unified profession through integrity and vision."

Other NVAR officers for 2011 installed during the event include: Blane Johnson, of Incline Village, president-elect; Patty Kelley, of Las Vegas, treasurer; and Linda Rheinberger, of Las Vegas, immediate past president.

New wealth management adviser at Mutual of Omaha

Julie Gale has joined Mutual of Omaha Bank as a wealth management adviser in Reno.

Gale will work with high net worth individuals and businesses in Reno, Carson City and the surrounding areas, providing customized financial solutions including investment management, trust and estate, brokerage and insurance and private banking and business banking services.

Gale, a Reno resident since 1972, has nearly 25 years of experience, most recently working as a financial adviser and insurance agent for Merrill Lynch Wealth Management in Reno.

Carson City's Mutual of Omaha Bank is at 1101 N. Carson St.

NV Energy earnings flat for 3rd quarter

RENO (AP) - Nevada's largest power company says its net income for the third quarter is almost identical to the earnings it reported last year at this time.

NV Energy President Michael Yackira said he's pleased with the $182.7 million for the quarter that ended Sept. 30 "especially in light of the slower growth in Nevada."

It amounts to 78 cents per share, the same as the third quarter of 2009 when earnings totaled $182.6 million.

For the first nine months of the year, NV Energy reports net income of $218 million. That's up from $178.8 million in the first nine months of 2009.

The utility serves more than 2 million electricity customers in Nevada and northern California as well as 150,000 natural gas customers in the greater Reno-Sparks area.

Chamber leadership class accepting applications

The Carson City Chamber of Commerce graduated 18 people from its Leadership Carson City program on Oct. 14. They join about 300 leaders who have graduated from the nine-month program since 1989.

The 2011 session begins on Jan. 13.

Wells Fargo Bank is providing a $500 scholarship to one local business person, who has been with a company for the past two years.

All are welcome to apply for the program. Deposits for the program are due by Nov. 19 with final payment due Dec. 17.

Minden sail maker expanding

North Sails, a sail manufacturer in Minden, broke ground on a 53,000 square-foot facility on Thursday that will increase operations by 18 percent and bring 20 new jobs to the community over the next six months.