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  • U.S.-Japan Auto Talks May Resume

    There is a chance that U.S. and Japanese negotiators this week will resume talks to open Japan’s automobile markets, a Japanese Embassy aide said Monday. “The two sides are discussing …


  • Auto Makers’ Lending Practices Probed

    The Justice Department and the Federal Trade Commission are investigating whether the finance operations of auto manufacturers are discriminating against minorities in their lending practices. Ford Motor Co., Chrysler Corp. …


  • Economic Growth In Japan Plunges

    Japan’s economic growth dropped sharply in the final three months of 1994, hurt by the impact of the strong yen and a drop in consumer spending, the government reported Friday. …


  • Electric Co-Op Oks Proposed Merger

    Members of the Lincoln Electric Cooperative Inc. Friday approved a proposed merger with Inland Power & Light Co. General Manager Ralph Byre said 88 percent of the 649 votes cast …


  • Juice Processor Plans Tri-City Plant

    A Florida-based vegetable juice processor will begin operating an extraction plant here this summer, the Tri-City Industrial Development Council announced. Florida Food Products of Eustis, Fla., will begin processing vegetables …


  • Sierra Pacific To Sell More Stock

    Sierra Pacific Resources, which plans to merge with Washinton Water Power Co., has filed documents for the sale of 1 million shares of common stock. The additional shares will not …


  • Mexican Banks Confident They Will Survive Crisis The Biggest Challenge Is Expected To Occur During The Next Three Months

    The next three months will be the toughest for Mexican banks, but most will pull through their country’s economic crisis, Mexican banking leaders said Thursday. The government’s bank stabilization plan …


  • Farm Payment Study Attacked

    A report that showed that millions in federal farm payments have gone to urban Americans was characterized here Thursday by a farm state senator as “a tremendous media concoction” that …


  • Kids Cruising The Superhighway Spokane Companies Find Niche Teaching Youngsters To Use Computers

    Ashley Varner, left, and Lauren Morse, right, learn about windows and hard drives with instructor Regina Ross at Harvard Park Children’s Center North. Photo by Dan Pelle/The Spokesman-Review


  • U.S. Shoe Cuts Deal To Sell Footwear Unit

    U.S. Shoe has decided to go barefoot. United States Shoe Corp. on Thursday announced the sale of its footwear division to competitor Nine West Group Inc., for $600 million, rejecting …


  • Food-Processing Firm Plans New Plant

    PSC Foodservices Inc. plans to build a $2.8 million food-processing plant on the West Plains, underwritten in part by industrial revenue bonds. According to information filed with the Industrial Development …


  • Micron Reports Stronger Earnings

    Micron Technology Inc. credited increased production and continued strong demand for its most popular computer memory chip for record second-quarter earnings of $183.5 million, more than double a year earlier. …


  • Consumer Prices Shoot Up 0.3% But Housing Construction Drops To Lowest Level In A Year

    Higher costs for food, education and airline fares combined to push consumer inflation up by 0.3 percent in February while housing construction fell for a second straight month. Financial markets, …


  • Infamous Irish Spud Takes Root In United States

    The potato whose blight launched an exodus of Irish is now taking root in America. The Lumper - the most popular spud in Ireland at the time of the 19th …


  • French Government Ready To Rescue Bank

    The government made final preparations Thursday on a long-awaited bailout plan for Credit Lyonnais, the state-owned bank saddled with losses of $10 billion and a tainted reputation. The outline of …


  • Dollar Benefits From Bond Rally

    The dollar staged a moderate recovery against major foreign currencies Thursday, strengthened by a rally in the U.S. bond market. But market analysts and traders said the U.S. currency’s recent …


  • Rally Boosts Dow To Record High

    Stocks climbed to record highs on Thursday for the third time in five sessions, powered by new evidence of a slowing economy that eased fears of inflation and higher interest …


  • Amr Cuts Payroll, Names New President

    AMR Corp., the parent of American Airlines, on Wednesday announced 900 layoffs in order to cut costs and the naming of a new president for the nation’s secondlargest air carrier. …


  • Prudential Quits Mortgage Business

    Prudential Insurance Co. is leaving the mortgage business and has put its giant home lending unit - the country’s third-largest mortgage company - on the sales block, the insurer said …


  • Franklin Park Mall Changes Managers

    Franklin Park Mall has changed property managers. The 30-store mall, 5628 N. Division, was one of three retail centers taken over by the Seattlebased Norman Co. on Feb. 1. The …


  • Commercial Banks Post Record Profit

    The nation’s commercial banks posted a $44.7 billion profit last year, setting a record for the third straight year. The 1994 earnings were 3.7 percent above the $43.1 billion in …


  • Key Tronic Lands Deal With Ibm Spokane Firm Manufacturing Revolutionary New Keyboard

    Key Tronic Corp. has reached an agreement with IBM that puts the Spokane-based computer keyboard manufacturer in the middle of what may become the hottest product in the notebook computer …


  • Crisis Looming For Thrift Industry Gilkey Says Higher Premiums, Fewer Thrifts Could Trigger ‘Death Spiral’

    A looming rollback in premiums for bank deposit insurance could seriously undermine the competitiveness and longterm viability of healthy savings and loan institutions like Sterling Savings Association, Chairman Harold Gilkey …


  • Disney To Construct South Carolina Resort

    The Walt Disney Co. is moving ahead with plans to construct its first domestic resort outside of California and Florida on Hilton Head Island. The resort, which will open a …


  • Merger Creates Big Mortgage Company

    The merger of Norwest Mortgage Corp. and Directors Mortgage Loan Corp., which closed Tuesday, will create the largest mortgage originator in Spokane. The merged company, to be based in Des …


  • Judge Postpones Microsoft Hearing

    The federal judge who rejected the Justice Department’s antitrust settlement with Microsoft Corp. on Tuesday delayed a hearing while his ruling is appealed. But he also issued an unusual 12-page …


  • Sunshine Mining Reduced Loss In ‘94

    Sunshine Mining & Refining Co. Tuesday said it lost far less money in 1994 than in 1993. Sunshine, which operates the Sunshine Mine in Idaho’s Silver Valley, lost $4.2 million …


  • Retail Sales Tumble; Trade Deficit Worsens Financial Markets Gain Ground, Despite Worrisome Trade Report

    The first decline in retail sales in nearly a year sent financial markets soaring Tuesday as investors shrugged off the ballooning U.S. trade deficit and focused instead on hopes that …


  • Fledgling Partnership Could Be Catalyst For Downtown’s Comeback

    ‘This community has a very strong affinity to the unique character and quality of downtown,” observes William Stacey Cowles, chairman of the Downtown Action Committee. “Just about everywhere we turn,” …


  • New Arena Will Bring Rodeos, Team Roping, Other Events To State Line

    Rodeo is coming to North Idaho with major events attracting thousands of spectators and participants throughout the spring and summer. The location, now under construction, is Kelly’s Arena, next door …

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