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The Spokesman-Review Newspaper

Tuesday, January 22, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: business


Boeing Opens Talks With Machinists

The Boeing Co. and its largest union opened contract talks Friday with the production workers more concerned than ever about job security. The scenario this time around for the tri-annual …


Phone Companies Preparing For Strike

Four regional telephone companies are readying management to take over operations in the event of a strike by more than 164,000 unionized workers at midnight Saturday. “We are not very …


Mining Law Reform Hits A New Snag Prospects For Action Fade As Lawmakers Rush To Recess

Initial enthusiasm for mining reform by the Republican-controlled Congress has waned to the point that some give even odds on whether any bill passes this year or next. The industry …


Dispute With Texas Hospital Settled

A lawsuit between Wismer Martin and one of its major customers has been settled out of court. Company officials failed to disclose the suit in a June registration statement with …


Wismer Martin Boosts Proposed Stock Offering Software Company Struggles To Satisfy Lender’s Demands

Amid growing financial pressures, Spokane-based Wismer Martin Inc., has increased its proposed stock offering from 2 million to 3 million shares. Under orders by Seafirst Bank to raise $1 million …


Merger Spree Accelerates Price Of Weeklong Binge Reaches Nearly $30 Billion

This week’s merger spree brought mostly smiles to the faces of those involved, including Disney’s Michael Eisner and Capital Cities’ Thomas Murphy, above, and Union Pacific Chairman Drew Lewis, below. …


Sluggish Factory Sector Drives Up Jobless Rate National Unemployment Rises A Notch To 5.7 Percent

The nation’s unemployment rate crept up to 5.7 percent in July as continued weakness in manufacturing and construction slowed the creation of new jobs. The Labor Department reported Friday that …


Slightly Smaller Crop Of Apples Expected

Washington state apple growers could harvest 84.2 million boxes of fruit this year, the second-largest on record, a pair of shipping organizations said. A combined report released Thursday by the …


Panhandle Unemployment Surges

Kootenai County unemployment shot upward in July because of weakness in the construction and wood products industries. The jump to 8.2 percent in July from 6.4 percent in June may …


Mixed Economic Signals Drive Dow Lower

Blue-chip stocks languished on Friday, as a mixed reading on a government employment report further clouded the near-term outlook for lower interest rates. But the broad market ended mostly higher, …


Blue-Chip Rebound Boosts Dow

Blue-chip stocks recovered from a steep morning selloff to post moderate gains on Thursday, although broader market indexes languished. The Dow Jones industrial average ended 11.27 higher to close at …


Gold Glitters For Local Mining Companies Yellow Metal Helps Boost Profits During Slump In Silver Prices

Local mining companies historically linked to silver are looking more to gold to keep their bottom lines shining. Companies like Coeur d’Alene Mines Corp. and Hecla Mining Co. have added …


Factory Orders Slip 0.2 Percent In June

Factory orders fell in June for the fourth time in five months, pulled down by slipping demand for aircraft and communications equipment. In a hint of economic strength, jobless-benefit claims …


Specialty Brewer Plans To Go Public

Redhook Ale Brewery Inc. plans to go public by selling as many as 2.25 million shares of stock and trading on the Nasdaq exchange. The Seattle-based specialty brewer plans to …


Apparel Sales Wilt In July Heat Wave

The July heat wave was a blessing for retailers of air conditioners and backyard pools, but it once again dried up sales for some big apparel merchants. A mixed bag …


Hecla Posts Improved Earnings

Hecla Mining Co. Thursday reported a small gain for the second quarter. Hecla made $229,000, or 1 cent a share, compared with a loss of $1.3 million, or 3 cents …


Lukins & Annis To Pick Up Lawyers From Dissolving Firm

Regional law giant Lukins & Annis will get even bigger by picking up four lawyers from the dissolving firm of Underwood, Campbell, Brock and Cerutti. Partners Roger Underwood and Pat …


Union Pacific Strikes Deal To Buy Southern Pacific Merger Would Create The Nation’s Largest Railroad System

Union Pacific Corp. said Thursday it will buy Southern Pacific Rail Corp. for $5.4 billion, or $25 a share, creating the largest railroad in North America. If approved, the merger …


Relocation Costs Widen Egghead Software Loss

A third of Egghead Software’s $3.2 million loss in the first quarter of its 1996 fiscal year is attributed to relocation of some operations from Issaquah and Kalispell, Mont., to …


Green Bluff Growers Begin Peach Harvest

Green Bluff orchards north of Spokane have begun to harvest early peaches, orchardist Mark Morrell said Thursday. The U-pick fruit, which will sell for 45 cents to 50 cents a …


Dollar Slips In Profit-Taking

The dollar slipped Thursday as traders sold the currency to take profits from its rise to its highest level against the Japanese yen in nearly five months. In late New …


Appeals, Red Tape Keep Mill Shuttered President Of Salmon Sawmill Says Future Is In Doubt

The Salmon Intermountain sawmill is traditionally closed through the winter months when snow closes logging roads. But the mill is still shuttered halfway into summer. And president Dallas Olson says …


Business Is Picking Up ‘Little Old Ladies’ Supplement Social Security By Cleaning Up After Dogs

1. A dog owner’s best friend. Gerry Wood cleans up after Lucky, a black Lab, in a Spokane Valley back yard while Lucky sniffs for more doggie treats. Photo by …


Westinghouse Cuts Deal To Buy Cbs Network

CBS Chairman Laurence Tisch, right, reacts while chatting with Frederic G. Reynolds, Westinghouse chief financial officer, during a news conference Tuesday to announce that Westinghouse will buy CBS. Photo by …


Michigan Investor Acquires Kayu TV

Northwest Broadcasting Inc., has acquired Spokane’s KAYU television station. Bob Hamacher, general partner of Salmon River Communications Limited Partnership, said Tuesday the deal also includes the partnership’s television stations in …


Sears To Open Valley Mall Store

The proposed Spokane Valley Mall took another giant step forward Tuesday with the announcement that Sears Roebuck and Co. has signed a letter of intent to build a 133,690-square-foot store …


General Mills Boosts Cereal Prices

General Mills is raising prices on its cereals and flour mixes by up to 5 percent to counter sharp increases in packaging costs and grain prices. The company said Monday …


Business Advocacy Groups Consider Some Form Of Strategic Alliance

It has been many years since the Spokane Area Chamber of Commerce, the Spokane Regional Convention & Visitors Bureau, and the Spokane Area Economic Development Council split the sheets. Now …


Sputtering Economy Creates Some Problems For Speculative Builders

‘When’s it all going to stop?’ This is a familiar question in North Idaho as new stores, housing developments, parking lots and roads mushroom in nearly every area. Usually this …


Dollar Follows Stocks Lower

The dollar fell as U.S. stock and bond markets retreated Tuesday in response to to fresh evidence of a strengthening American economy. In late New York trading, the dollar was …