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Stories tagged: business


Customized sock company owners hope name change reflects future product line expansion

From an old printer they found on Craigslist and hacked to use the correct ink to using socks their friends already owned, Kyle Peterson and Zach Stensland have turned a …


Destroyed by fire, Shogun Restaurant to be rebuilt in Spokane Valley

When Shogun Restaurant in East Spokane was destroyed by a fire earlier this year, owner Joseph Lee was determined to rebuild.


Top of India owner plans apartment development nearby

Top of India restaurant owner Manjit Kaur has filed plans with Spokane Valley to build a small apartment complex directly south of the establishment.


Fortune magazine sold to Thai businessman for $150 million

Meredith Corp. agreed to sell Fortune magazine and its related businesses for $150 million, furthering the company’s efforts to shed the news-focused brands it acquired in buying Time Inc.


UPDATED: Fri., Nov. 9, 2018, 8:06 p.m.

Amazon to start selling latest Apple products, excluding speaker

Amazon said Friday it would begin selling the most-recent iPhone, iPad, Mac computer, Apple Watch and Apple TV models on its website, along with branded accessories and headphones from Apple’s …


UPDATED: Fri., Nov. 9, 2018, 8:05 p.m.

Juul to halt most flavored e-cigarette retail sales

Juul Labs Inc., the maker of a hot-selling vaping device that is increasingly popular with teens, will stop selling most flavored e-cigarettes in retail stores, according to a person familiar …


E-cigarettes to face new sales limits from FDA, says official

E-cigarettes will face strict new limits imposed by the Food and Drug Administration, according to a senior FDA official, restricting sales of many popular fruit flavors amid what the agency …


Clearwater Paper reports improved 3Q income, record paperboard shipments

Clearwater Paper Co. reported improved third-quarter earnings, citing one-time gains from the sale of a manufacturing facility in Wisconsin and record paperboard shipments.


Spokane County home sales drop while sale price rises

The number of homes sold in Spokane County dropped during October but the average price increased to $264,000, as low inventories of residential properties continued to influence the market.


UPDATED: Fri., Nov. 9, 2018, 8:06 p.m.

Security breach at Nordstrom exposes sensitive employee data

The company isn’t saying how many of its employees may be impacted by the security breach it alerted workers to this week.


In its first print toy catalog, Amazon bets on the classics

Amazon.com is gambling on glossiness and nostalgia to draw in shoppers with its first toy catalog, in yet another brick-and-mortar strategy to snag its share of the holiday toy sales.


Ford buys electric scooter sharing company Spin

Ford Motor Co. has bought an electric scooter sharing company, expanding its presence in alternative modes of transportation.


UPDATED: Thu., Nov. 8, 2018, 5:20 p.m.

Liberty Lake-based home care provider merges with Seattle company

Liberty Lake-based Family Home Care has merged with a Seattle company in a deal that will create what the companies say is one of the largest home care providers in …


UPDATED: Thu., Nov. 8, 2018, 6:22 p.m.

Hecla Mining reports third-quarter loss of $23.2 million

Hecla Mining Co. on Thursday reported a third-quarter loss of $23.2 million, after reporting a profit in the same period a year earlier.


UPDATED: Thu., Nov. 8, 2018, 5:06 p.m.

Google bows to worker pressure on sexual misconduct policy

Google is promising to be more forceful and open about its handling of sexual misconduct cases, a week after thousands of high-paid engineers and others walked out in protest over …


Motel 6: $7.6 million for guests reported to immigration

The national budget chain Motel 6 has agreed to pay up to $7.6 million to Latino guests who say the company’s employees shared their private information with immigration officials, according …


Banks could face tighter scrutiny under Rep. Maxine Waters

Come January, the banking industry is going to be on Rep. Maxine Waters’ time. With Democrats taking control of the House of Representatives, the California representative is expected to become …


Boeing to warn 737 MAX operators of a potential instrument failure that could cause the jet to nose-dive

Following the fatal crash of a Lion Air jet in Indonesia last week, Boeing was preparing Tuesday evening to warn all airlines operating its new 737 MAX of the potential …


UPDATED: Wed., Nov. 7, 2018, 7:45 p.m.

Avista reports higher third-quarter earnings

Avista Corp. reported higher-than-expected earnings for the third quarter and for the first nine months of the year.


UPDATED: Wed., Nov. 7, 2018, 7:31 p.m.

Tech and health care lead U.S. stock surge after midterms

Stocks rallied Wednesday as investors were relieved to see that the U.S. midterm elections went largely as they expected they would. Big-name technology and consumer and health care companies soared …


UPDATED: Tue., Nov. 6, 2018, 4:24 p.m.

Industrials, tech lead U.S. stocks higher ahead of elections

U.S. stocks rose Tuesday as industrial and technology companies recovered some of the big losses they took over the past month. Strong company earnings also contributed to the gains, but …


Conagra recalls Duncan Hines cake mix amid salmonella concerns

Conagra Brands Inc. has recalled four varieties of Duncan Hines cake mix as authorities investigate possible salmonella contamination at one of the food giant’s manufacturing plants.


UPDATED: Tue., Nov. 6, 2018, 3:22 p.m.

Boeing upgrade of surveillance plane’s radar scrapped by U.S.

The Air Force terminated a Boeing contract to update the radar on its flagship AWACS surveillance aircraft after the company encountered major delays in developing hardware and software, according to …


UPDATED: Tue., Nov. 6, 2018, 3:02 p.m.

Wells Fargo says its error cost hundreds more people their homes than first thought

In a new disclosure, San Francisco-based Wells said an expanded review found that about 870 customers were incorrectly denied or not offered loan modifications or repayment plans that would have …


UPDATED: Tue., Nov. 6, 2018, 2:48 p.m.

Sears Spokane credit union will merge with PrimeSource Credit Union

Sears Spokane Employees Federal Credit Union is merging with another local credit union.


Walmart surpasses Amazon as online shoppers’ most popular grocer

The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries.


EU approves Disney’s deal to buy Fox entertainment assets

European Union authorities say they have cleared Disney’s acquisition of Fox’s entertainment assets, provided Disney sells off some TV channels it controls in Europe to maintain competition.


Amazon drops $25 free shipping minimum for holidays

Amazon is following Target and temporarily dropping the minimum amount shoppers need to spend to qualify for free shipping.


Verizon reorganizes structure under new CEO to prep for 5G

Verizon is undergoing a significant restructuring under new CEO Hans Vestberg, including its dominant wireless division, as it prepares to roll out its 5G technology.


UPDATED: Mon., Nov. 5, 2018, 7:13 p.m.

Moses Lake’s high-tech plant is collateral damage in U.S.-China trade war

REC Silicon, a Norwegian company, sees Moses Lake at the center of a high-tech manufacturing revolution. But that vision is likely dead unless Washington and Beijing can settle their differences …