Business

Spokane International Airport is one of 114 facilities across the country that will receive a portion of $970 million in federal funds to pay for projects supported by President Joe Biden's Investing in America agenda.

In 2014, W.L. Gore & Associates stopped using a harmful chemical called PFOA in the technology it makes for waterproofing raincoats, hiking boots and other gear. The Newark, Delaware-based company’s shift came amid federal government pressure for the industry to phase out by 2015 the use of the cancer-causing compound, which is part of a broad group called per- and polyfluoroalkyl substances, or PFAS.

A construction project that would add 192 units of housing has been proposed for the Shiloh Hills neighborhood in North Spokane.

SpaceX had to wait a day, but it ended up knocking out a pristine launch in the wee hours Thursday for Intuitive Machines, aiming to be the first commercial company to successfully make a soft landing on the moon.

More than 100 US airports will be awarded $970 million in federal grants, the latest effort to upgrade the nation’s infrastructure - a top priority of President Joe Biden.

The US Space Force canceled a multibillion-dollar Northrop Grumman Corp. program to develop a classified military communications satellite because of increased costs, difficulties developing its payload and a schedule delay, according to a regulatory filing and people familiar with the decision.

Deere & Co. trimmed its profit outlook for this year as tumbling crop prices give farmers less money to use on equipment purchases. The shares declined. 

Jeff Bezos didn’t cite taxes among the reasons for his recent move to Miami from the Seattle region, but the fiscal benefits of his relocation to the Sunshine State are becoming very obvious. Leaving Washington state, which in 2022 introduced a 7% tax on capital gains, could have saved Bezos $288 million in taxes after he unloaded $4 billion of Amazon.com Inc. stock in the past week.

Lyft Inc. projected adjusted earnings as much as 11% higher than analysts’ estimates, and reported bookings ahead of expectations. And then there was the outlook for profitability: Margins, the ride-hailing provider said in an initial press release Tuesday, were set to expand this year by an eye-watering 500 basis points. Shares surged, jumping 67% in after-hours trading. But the projection was off. Way off.

Sony Group Corp. is preparing to partially spin off its financial unit in October 2025 as part of a plan to focus on the growth of its other businesses such as entertainment and image sensoring.

The U.S. spending spree on boats and recreational vehicles that soared during the pandemic fell back to Earth in 2023, with sales down in nearly all categories as interest rates jumped and buyers backed off.

Disneyland’s costumed characters and parade performers have announced their intent to unionize. Calling themselves “Magic United,” cast members in the Anaheim resort’s Characters and Parades departments said Tuesday that they plan to unionize with Actors’ Equity Assn., which represents 51,000 professional actors and stage members on Broadway and in live theater around the country.

Lauren D'Arienzo is ready to put down the ladle.

Jubilant HollisterStier Allergy on Monday announced the appointment of Kyle Ferguson as its new CEO.

Boeing Co. plans to build its 737 Max aircraft at a slower pace during the first half of this year as it tackles quality issues and supplier glitches under the close supervision of U.S. aviation regulators, Chief Financial Officer Brian West said. 

After a bruising year of Hollywood strikes, wrenching job cuts and stock setbacks, Disney Chief Executive Bob Iger finally is racking up some wins.

Layoffs are hitting Paramount Global. The media giant that owns the famed Paramount Pictures movie studio, plus CBS, Nickelodeon and other networks, will eliminate roughly 800 jobs as part of a broad streamlining effort, according to a person familiar with the matter who was not authorized to comment.

U.S. consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.

Social Security provides a significant number of retirement benefits, the biggest being a growing income stream that you can’t outlive. So you won’t face the danger that you’ll run out of money in your golden years when you aren’t working for a living. The downside is that for all but the most frugal Americans Social Security alone simply won’t be enough to retire on comfortably.