Business | page 4

MONDAY, JULY 25, 2016

Farewell to VCRs: Japanese maker to shelve once-hit product

TOKYO – Japanese electronics maker Funai Electric Co. says it’s yanking the plug on the world’s last video cassette recorder. A company spokesman, who requested anonymity citing company practice, confirmed Monday that production will end sometime this month, although he would not give a date.

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Japan sees trade surplus in June as imports drop 19 percent

TOKYO – Japan posted a better-than-expected trade surplus in June, as imports fell nearly 19 percent, outpacing a more modest decline in exports. The customs data released Monday showed a 692.8 billion yen ($6.5 billion) surplus, compared with a 60.9 billion yen deficit in June 2015.

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The Verizon studio booth at MetLife Stadium in East Rutherford, N.J., pictured in 2013. Verizon is buying Yahoo Inc. for roughly $4.8 billion. (Mel Evans / AP)

Verizon buys Yahoo for $4.83 billion, marking end of an era 

SAN FRANCISCO – Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. It is the second time in as many years that Verizon, extending its digital reach, has snapped up the remnants of a fallen internet star. The nation’s largest wireless carrier paid $4.4 billion for AOL last year.

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SUNDAY, JULY 24, 2016

Still-low mortgage rates ushering new refi wave

The last time Mark McCollam refinanced the loan on his three-bedroom house in Los Angeles, he figured mortgage rates would only head higher from there. He was wrong. Not that he’s complaining. The aerospace engineer recently refinanced again, lowering his mortgage rate by 1 percentage point to 3.5 percent. That’s about $300 a month he plans to put toward school and other costs for his two young kids, and into savings.

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The Motley Fool: A Biopharma Grower

Biotech blue chip Celgene (Nasdaq: CELG) is a major player in the rapidly growing oncology market, with three primary methods of growth. First, Celgene can grow organically. Its main growth driver is its Revlimid drug, which is delivering increasing revenue ...

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BBB Tip of the Week: Exercise caution when using Pokémon GO

By now you’ve probably heard about the latest craze to sweep the nation. Pokémon GO has attracted millions of users since it went live July 6. In just a few days it became the most downloaded app next to Twitter and SnapChat. While the game was designed for fun, Better Business Bureau serving the Northwest warns about some possible dangers that could arise while playing the game. Sharing private information. There is some concern for users who sign in with a Google account. The Android version of the game only allows access to limited data (such as the user’s email address), but the iOS version for the iPhone can access all Google data. Niantic, the game’s maker, says no personal information has been accessed, and it is issuing a bug fix to correct the problem. Its best to create an account through the app itself rather than using a personal email address.

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FRIDAY, JULY 22, 2016


Chipotle pulls out the stops to win back customers

NEW YORK – Chipotle saw a smaller drop in sales as it tries to win back customers, but the company says it doesn’t know how long it will take to fully recover after an E. coli outbreak and norovirus cases last fall. “There’s never been a case like this,” Chief Financial Officer Jack Hartung said Thursday during a conference call with analysts.

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Starbucks cuts sales forecast after growth slows

NEW YORK – Starbucks has trimmed its sales forecast after revenue came in lighter than expected in the most recent quarter. The Seattle-based company said Thursday global sales rose 4 percent at established locations, including in its flagship U.S. market, for its fiscal third quarter. It now expects the figure to increase in the mid-single digit percentages for the year. It previously forecast growth to be “somewhat above” that range.

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Union Pacific 2Q profit falls 19 percent as volume slows

OMAHA, Neb. – Union Pacific’s second-quarter profit fell 19 percent as the railroad hauled 11 percent less freight. The railroad said Thursday that full-year volumes are likely to fall 6 percent to 8 percent because of the soft global economy, strong U.S. dollar and weak consumer demand.

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Weekend Wild Card — 7.30-31.16

I scratched another back yard honey-do off my list this weekend already by finishing another one of those projects that had been on the waiting list for years. It involved ...

West Nile Virus found in Lake Roosevelt mosquitoes

UPDATE 4:45 p.m. Quote from Dan Foster, Lake Roosevelt National Recreation Area superintendent: "We are working with the Washington Department of Health, our region, and national staff to understand the ...

Ups and Downs in Spokane

When traveling in a southerly direction, you can be said to be going down, right? That's certainly the way it looks if you stare at a map. But in Spokane, ...

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Saving for the future

sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.



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