April 30, 2014 in Business

Cameron-Reilly buys Meidling Concrete

From Staff And Wire Reports
 

Spokane Valley-based concrete construction company Cameron-Reilly has purchased another Valley concrete business, Meidling Concrete Inc., the two companies announced.

Terms of the deal were not disclosed.

Cameron-Reilly is the merged company of two previously independent concrete contractors. Co-owners Jim Cameron and Mike Reilly paired up in 2006 and focused primarily on government and commercial concrete work, including projects such as the new Ferris High School, Huntington Park and Coeur d’Alene’s McEuen Park.

The merger means the new company adds Meidling’s focus on flat slabs, concrete polishing and concrete painting, Cameron said.

“We’re excited to expand our expertise in that new facet of the construction industry,” he said.

The combined staffs will work from the Cameron-Reilly offices at 309 N. Park Road, Spokane Valley.

Winter weather slows home price gains

WASHINGTON – U.S. home price gains cooled in February from the previous year for the third month in a row, as harsh winter weather and high buying costs have slowed sales.

The Standard & Poor’s/Case-Shiller 20-city home price index rose 12.9 percent in February compared with 12 months earlier. While healthy, that is down from a 13.2 percent gain in January.

And home prices fell in 13 of the 20 cities in February compared with the previous month. The index is not adjusted for seasonal variations, so those declines partly reflect weaker sales in the winter.

Billion barrels of crude produced from Bakken

BISMARCK, N.D. – Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.

Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques to recover oil trapped in a thin layer of dense rock nearly two miles beneath the surface.

U.S. Steel posts profit because of lower costs

NEW YORK – U.S. Steel said it turned a quarterly profit of $52 million as its costs decreased and its flat-rolled steel business performed better.

U.S. Steel has lost money for five consecutive years.

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