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Sunday, April 21, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: business


Gold Mine Not As Rich As Believed Hecla May Be Forced To Take Write-Down Of $97 Million

Hecla Mining Co. could face a writedown of nearly $100 million for the third quarter from poor results at what the company had hoped would become its largest gold mine. …


Markair Pilots Try To Rescue Airline

Financially troubled MarkAir Inc. has grounded itself, but the airline’s pilots have requested an emergency court hearing in an attempt to salvage the company. In a telephone recording, Christopher Paul, …


Sluggish Economy Slows Income Gains

A slowing economy this spring contributed to a decline in personal income in six states and sub-par growth in six others, the Commerce Department said Wednesday. The department said the …


Developer: Panel Hindering Natural Growth

Developer Harley Douglass seldom speaks publicly about his projects, but he gave an earful last week to the Spokane County hearing examiner committee. After being turned down on two proposed …


Asarco Earnings Exceed $58 Million

New York-based Asarco Inc. reported encouraging third-quarter earnings Wednesday after losing money for the same period in 1994. The mining company reported a net income of $58.3 million, or $1.38 …


Edc Trims Payroll, Drops 3 Programs

The Spokane Area Economic Development Council, an agency that recruits companies and jobs, has laid off five employees and shed three business-retention programs. EDC President Bob Cooper said Tuesday that …


Key Tronic Posts Strong Earnings For First Quarter

Key Tronic Corp. on Tuesday announced earnings for the first-quarter of fiscal 1996 of $1.6 million, or 16 cents per share, on sales of $60.5 million. That compares with net …


$1.3 Million Remodeling Project Under Way At Pinewood Care Center

As I adjust my trifocals, exercise to loosen my arthritic neck, walk briskly to strengthen my newly ligamented knee and faithfully take my Zantac for a touchy tummy, I admit …


Bay Area Ranked Top For Business San Francisco Jumps To No. 1 In Survey By Fortune Magazine

San Francisco, known for pricey rents, occasional earthquakes and a Super Bowl champion football team, has been crowned the best U.S. city for business by Fortune magazine. In its Nov. …


Two Banks End Talks On Possible Merger

BankAmerica Corp. and NationsBank Corp. discussed a possible merger earlier this year, but the talks ended without any action, a source at one of the institutions confirmed Tuesday. The merger …


Ual Corp. Earnings Surge To $243 Million

United Airlines’ parent company reported surprisingly strong earnings Tuesday for the summer quarter due to higher ticket prices and more traffic on its most profitable routes. In the quarter ended …


Starbucks Adopts Code Of Conduct

A leaflet campaign against Starbucks Coffee Co. that criticized working conditions for Guatemalan coffee growers has led to a company code of conduct for its overseas coffee producers. The code …


New Snag Delays Closure Of Wwp-Sierra Pacific Merger

The slipping timetable for closure of the merger between Washington Water Power Co. and Sierra Pacific Resources could skid into next year, officials with the Washington Utilities and Transportation Commission …


International Uneasiness Rattles Markets

Stocks fell Monday as many investors sold holdings to take profits, evidently concluding that healthy third-quarter corporate earnings may not carry over into the next quarter. The Dow Jones industrial …


Pressure Intensifies On First Interstate

Stepping up the pressure in its bid to take over First Interstate Bancorp., Wells Fargo & Co. said Monday that it intends to begin buying the bank’s stock to push …


The Next Deal Could Be Biggest Bank Merger Of All Nations Bank, Bankamerica Reportedly Enter Into Talks

In the latest and potentially grandest U.S. bank marriage, NationsBank Corp. and BankAmerica Corp. are said to be discussing a merger that would land them at the top of the …


Boeing Engineers Pledge Solidarity With Striking Machinists Union

Contract talks began Monday for Boeing’s second-largest union, the Seattle Professional Engineering Employees Association, after leaders of SPEEA and the company’s striking Machinists pledged a united stand. “Today we’re standing …


Feds Seek Order In Nasdaq Probe

The Justice Department sought a federal court order Monday to force the Nasdaq Stock Market’s parent to comply with a probe of possible anticompetitive practices on the electronic trading exchange. …


Conventions Bureau Sets High Goals

The Spokane Regional Convention & Visitors Bureau said it plans to sell $70 million in convention business next year by bringing in up to 60 meeting planners to tour the …


Canadian Markets Worry Over Quebec

Toronto Fears that Quebec will vote for independence next week rocked Canadian financial markets Monday. One federalist leader said the province would plunge into “a black hole” if it voted …


Snapple Deal Sinks Quaker Executive

Quaker Oats Co. President Philip A. Marineau, who oversaw the ill-fated acquisition of Snapple Beverage Corp., resigned Monday just one week shy of the deal’s first anniversary. Analysts said Marineau, …


Canadian Dollar Skittish

Protracted political disarray in Italy and France drove foreign exchange investors to the safety of the German mark again on Monday, extending the dollar’s loss against the mark to 2.5 …


Dairy Owner Sentenced For Tax Evasion

Michael Cameron, the former owner of Foremost Dairies in Spokane, has been sentenced to 21 months in jail for tax evasion and ordered to pay $2.2 million to U.S. Bank, …


Glickman Seeks To Shape Farm Bill Ag Secretary Sets Up Hearings To Counter Gop

Agriculture Secretary Dan Glickman will have plenty of takers for the shadow farm bill hearings he plans to hold next week. The first reason is simple. All hearings abhor a …


But What Of The Bohemians?

The French cafe, the soul of the sidewalk for more than three centuries, is fighting for survival in a society no longer willing to sit and watch the world go …


Sunshine Deal Would Settle Suits

Sunshine Mining & Refining Co. said Monday that it has reached agreements with its three largest preferred shareholders to convert all preferred shares into common stock in a deal that …


Labor Candidates Agree On Enemy Despite Leadership Fight, Afl-Cio Focuses Anger On Gop

AFL-CIO presidential hopeful John Sweeney, who is expected to useat Thomas Donahue, walks the convention floor in New York Monday. Photo by Associated Press


New Stores Keep Carnegie Square Looking Lively

When Seattle-based Pande Cameron pulled out four months ago, knowledgable downtowners swallowed hard. This was no small loss. The upscale Oriental-rug merchant was the anchor tenant of the premier neighborhood-business …


Hardware Stores Soften Up Edges To Attract Women Large Retailers Realize Females Play Key Role In Home Improvement

Angy Smith admits that her efforts to “soften” hardware stores won’t go over well with all her customers. As manager of the tile and floor covering aisles at Home Depot’s …


Midwest Case Has Lessons In Bank Bid

Small shareholders of First Interstate Corp., the subject of a hostile takeover bid made last week by Wells Fargo & Co., might want to study the recent history of Wallace …