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Business Beat

Sun., Oct. 15, 2017

Finance Jeff McKee has been promoted to senior vice president/commercial loan team leader at State Bank Northwest. McKee has been with the Spokane-based bank since 2012 and has 13 years of commercial lending experience.

Motley Fool: Nucor weathers downturns

Sun., Oct. 15, 2017

Nucor has  increased its dividend annually for more than 40 years. Here, a steelworker works with molten steel at the company’s Decatur, Ala., plant. (Associated Press)
Steeo producer Nucor’s business is exposed to many risks, including a general economic downturn and the potential for a flood of imports that would drive steel prices down. Yet management has executed well through such environments in the past.

Week Ahead

Sun., Oct. 15, 2017

Tuesday Idaho Conference on Recreation and Tourism - Over 100 Idaho lodging owners, managers, outfitters, guides, tourism professionals and recreation providers will meet to share ideas and learn new methods and opportunities to market themselves. For more information, including registration and schedule, please visit https://commerce.idaho.gov/tourism-resources/tourism-industry-development/icort/. Tuesday-Thursday, Best Western Plus Coeur d’Alene Inn, 506 W. Appleway Ave., Coeur d’Alene.

Improving world economy still needs help from low rates

UPDATED: Sat., Oct. 14, 2017, 10:30 p.m.

White House senior adviser Ivanka Trump, accompanied by World Bank President Jim Yong Kim, speaks at the forum Taking Women-Owned Business to the Next Level, on the sidelines of the World Bank/IMF annual meetings in Washington, Saturday, Oct. 14, 2017. (Jose Luis Magana / Associated Press)
Global finance leaders on Saturday appealed to central bankers to stick as long as possible with low-interest rate policies that have made borrowing attractive and helped safeguard an improving but still fragile world economic recovery.

Tesla fires hundreds of workers as part of annual reviews

UPDATED: Sat., Oct. 14, 2017, 10:07 a.m.

In this Thursday, July 13, 2017, photo, Jeff Solie plugs in his electric Tesla sedan at his home, in New Berlin, Wis. (Morry Gash / Associated Press)
Tesla Motors has fired hundreds of workers after completing its annual performance reviews, even though the automaker is trying to ramp up production to fill orders for its new Model 3 sedan.

Jamba Juice coming to Spokane Valley Mall

Sat., Oct. 14, 2017, 8 a.m.

The Spokane area’s first stand-alone Jamba Juice is coming this November to the Spokane Valley Mall. The Texas-based chain has more than 800 locations nationwide, as well as stores in South Korea, the Philippines, United Arab Emirates, Taiwan and Thailand. The Safeway in Shadle Park, 2507 W. Wellesley Ave., has a Jamba Juice inside the store.

Area J.C. Penney stores to participate in retailer’s National Hiring Day

Fri., Oct. 13, 2017, 6:10 p.m.

J.C. Penney is preparing for the holiday shopping rush with a National Hiring Day on Tuesdayat each of its locations. Management will conduct in-person interviews 2-8 p.m., making employment offers to qualified candidates on the spot, according to a company news release. The retailer plans to fill 900 seasonal position in Washington and 40,000 nationally.

Boeing sales of planes to Iran safe, for now

UPDATED: Fri., Oct. 13, 2017, 7:13 p.m.

Boeing currently has firm contracts to sell 80 planes to Iran and tentative deals for more planes. (Associated Press)
President Donald Trump’s decision not to reimpose sanctions against Iran is good news for Boeing and its European rival, Airbus, which can continue doing business with Iranian airlines that are desperate for new planes.

Under pressure from Congress, IRS suspends Equifax contract

UPDATED: Fri., Oct. 13, 2017, 7:16 p.m.

The IRS suspended a $7.25 million contract with the credit reporting company Equifax on Friday. (Associated Press)
The IRS suspended a $7.25 million contract with the credit reporting company Equifax Friday after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach.

Energy surge sends U.S. consumer prices up 0.5 pct.

Fri., Oct. 13, 2017, 10:27 a.m.

U.S. consumer prices rose 0.5 percent in September, reflecting another big jump in energy prices because of Hurricane Harvey impact on Gulf Coast refineries. (Ben Margot / Associated Press)
U.S. consumer prices rose 0.5 percent in September, the largest increase in eight months. The result reflects another big jump in energy prices in the aftermath of Hurricane Harvey, which shut Gulf Coast refineries and caused gasoline prices to spike around the country.

Storms surge and U.S. retail sales surge

UPDATED: Fri., Oct. 13, 2017, 10:58 a.m.

Marshalls tags are attached to merchandise in a store in Methuen, Mass. (Associated Press)
Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars.

Social Security recipients will see 2 percent boost in 2018

Fri., Oct. 13, 2017, 9:55 a.m.

FILE - In this Jan. 11, 2013 file photo, the Social Security Administration's main campus is seen in Woodlawn, Md. Millions of Social Security recipients and other retirees can expect another small increase in benefits in 2018. Preliminary figures suggest an increase of around 2 percent. That would mean an extra $25 a month for the average beneficiary. The Social Security Administration is scheduled to announce the cost-of-living adjustment on Oct. 13, 2017.(AP Photo/Patrick Semansky, File) ORG XMIT: WX201 (Patrick Semansky / AP)
Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year, the largest increase since 2012, thought it comes to only $25 a month for the average beneficiary.

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