Business

In brief: Brewery looking for new CdA home

After losing their lease, owners of Coeur d’Alene Brewing Co. say they will move out of the location within 45 days.

They’ve begun looking for a new location, co-owner Spencer Stromberg said.

The brewery and restaurant has operated in downtown Coeur d’Alene at Second and Lakeside streets since 1987. Its current owners took over in 1999.

In June, property landlord Don Smock informed them the brewery and restaurant must move out by Sept. 30.

The current batch of beer being fermented will be the last batch made in the building, said Stromberg, who is owner with his wife, Tracey, brother and sister-in-law Gage and Kelly Stromberg, and Ron and Julie Wells.

Spencer Stromberg said they’re searching for a new site in Coeur d’Alene. Smock told the owners he intends to convert the property into his own downtown eatery.

Coeur d’Alene Brewing brews about 10 beers year-round and a number of seasonals, Stromberg said. The business will continue selling beer there until the end of September.

Staff report

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Banks had been reporting relaxed credit standards for big corporations. But the new survey marked the first indication that credit was beginning to ease for smaller companies.

Associated Press

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The No. 2 home improvement retailer joined a long line of companies in sounding a cautious note about consumer spending and cut its yearly revenue guidance as worries grow about a stalling economy.

Lowe’s CEO Robert Niblock said in an interview Monday with the Associated Press that Americans are responding to programs such as the federal cash-for-appliances rebates and sales but says 2010 is a “bouncing along the bottom” year.

Associated Press

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With the acquisition of 3Par Inc., which makes enterprise data storage equipment, Dell is boosting its ability to help companies manage information technology in new ways, through services generally referred to as “cloud computing.”

Associated Press



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