Airport board member takes job in Wisconsin
Spokane Airport board member David Brukardt has accepted a new position with the University of Wisconsin. Starting next week, he will be the university’s first vice president for economic development.
Brukardt, 57, came to Spokane a dozen years ago to join Avista Corp. as director of investor relations, taking that job after working for Milwaukee-based Harnischfeger Industries Inc.
In 2004 he joined Sterling Savings Bank, eventually taking the position of executive vice president for investor and corporate relations.
He’s taking the job because the Wisconsin university system is one of the nation’s foremost advocates for helping create jobs through technology transfer and research, Brukardt said.
Brukardt is a fourth-generation Wisconsin native and earned his bachelor’s degree from Marquette University. He earned an MBA from the University of Maryland.
Yahoo hires officer to boost online ad sales
SAN FRANCISCO – Yahoo is turning to a former colleague of its interim CEO to oversee the troubled Internet company’s efforts to sell more online advertising.
Monday’s announcement that Michael Barrett will be running Yahoo’s advertising sales team as chief revenue officer comes five weeks after the Sunnyvale, Calif., company dumped Scott Thompson as its CEO amid a flap over misleading information on his biography.
Thompson’s replacement, interim CEO Ross Levinsohn, used to work closely with Barrett while they were both top Internet executives at Rupert Murdoch’s News Corp. at a time when that company owned MySpace, once the top online social network.
Borrowing rates add pressure on Spain
MADRID – Spain’s ability to manage its debt without an international bailout was thrown into doubt Monday after investors pushed its borrowing rates up to the level at which Greece, Portugal and Ireland had sought help.
Investor sentiment improved briefly in the morning as electoral results in Greece suggested the country would not drop out of the euro currency union, a scenario that would have put severe stress on Spain’s markets.
But that market relief quickly transformed into concern in Madrid as it became clear that Spain’s fundamental economic and fiscal problems remain huge.
The interest rate on Spain’s 10-year bonds – an indicator of market confidence in how well a country can pay down its debt – hit a fresh eurozone-era high of 7.18 percent before easing in the afternoon and closing at 7.12 percent. It is the first time since Spain joined the eurozone that it ended above 7 percent.