Business

Briefcase

Haugen named Northern Quest GM

Phillip E. Haugen, one of the Kalispel Tribe’s first college graduates, has been named general manager of Northern Quest Resort and Casino, in Airway Heights.

Haugen, who has worked at Northern Quest since 2000, has been acting GM since last December.

Haugen is charged with directing operations of the 250-room hotel and spa, the casino facility, 14 restaurants and lounges and more than 1,700 employees.

“His rise to this level of leadership is a true success story for our tribe and the realization of what our vision was all about,” Tribal Chairman and CEO Glen Nenema said.

Tom Sowa

Orders picking up for durable goods

WASHINGTON – Factory orders are picking up and the economy may soon follow.

A rise in demand for long-lasting manufactured goods in May suggests the parts shortage stemming from the Japan crises is fading. It would also support the view offered by many economists, who have suggested that the economic slowdown is temporary and that growth will strengthen this summer after six dismal months.

Still, the projected growth won’t be enough to make a noticeable dent in the unemployment rate, which was 9.1 percent last month.

The economy grew at an annual rate of 1.9 percent in the first three months of the year, according to the Commerce Department’s third and final estimate. Economists don’t expect much better growth in the current April-June quarter, which ends next week. An Associated Press survey of 38 top economists predicts that rate will be about 2.3 percent.

Associated Press

Gas prices fell 38 cents over seven weeks

NEW YORK – A summer road trip may not be such a bad idea after all.

Gasoline prices are falling fast. In the past seven weeks, the average U.S. retail prices has dropped 38 cents to $3.60 per gallon. Another 25-cent drop is expected by mid-July.

When prices approached $4 in early May, drivers were worried that $5 gasoline was a possibility this summer. But since then, oil prices have collapsed, the result of slowing economic growth in developed countries, weaker demand for oil and gas and this week’s decision by the U.S. and other countries to release 60 million barrels of oil from strategic reserves.

Associated Press

Cheerios is nation’s favorite cereal brand

BUFFALO, N.Y. – What is the most popular cereal brand in American grocery stores?

Cheerios. The iconic cereal, known by its distinctive yellow box, is 70 years old this year and still a force on the breakfast cereal market. One out of every eight boxes of cereal to leave the shelf in America carries the Cheerios name.

Associated Press



Click here to comment on this story »




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.



Sections


Profile

Contact the Spokesman

Main switchboard:
(509) 459-5000
Customer service:
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Back to Spokesman Mobile