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Stories tagged: business


God, Food And Finery Vrbetas Share Great Loves

Boris Vrbeta in his Eat Rite restaurant. Photo by Dan McComb/The Spokesman-Review


Microsoft Rivals Gain New Hope Judge’s Ruling Raises Spirits, But Final Impact Is Uncertain

A federal judge’s rejection of the government’s proposed antitrust settlement with Microsoft Corp. has given smaller rivals hope they can compete more effectively against the computer-software behemoth. But it’s premature …


Consumer Prices Shoot Up 0.3 Percent

Increases for everything from airline fares to postage stamps sent prices rising in January with the underlying inflation rate climbing at the fastest pace in more than two years. The …


Wheat Crop Worth Millions To Economy

Wheat pumps $151 million into Washington’s economy each year, and produces another $80 million in state and local taxes, a new Washington State University study shows. About 13,400 jobs are …


Washington Trust Income Falls Slightly

Washington Trust Bank net income was off slightly last year, but only because of a timely restructuring of the bank’s securities portfolio. The Spokane-based institution, which also operates several branches …


Micron Workers Nix Expanding In Boise

A supermajority of Micron Technology Inc.’s work force told the company it should not locate its $1.3 billion expansion in Boise. In a survey of most of its 5,800 workers, …


Office Depot Plans New Store On North Division

Office Depot plans to open a second Spokane store this spring at the corner of Wellesley and North Division. The store would be in a 25,000-square-foot building that has been …


Panhandle Bank Earnings Surge 42%

Earnings for the Panhandle State Bank in Sandpoint exploded in 1994. Assets, loans and deposits also surged, and stockholder equity was up 29 percent. Net income for the year reached …


Us West To Sell 450 Rural Exchanges

US West Communications Inc. plans to sell nearly 450 rural telephone exchanges within the next year. US West is shedding the exchanges so it can refocus resources in urban and …


Retail Sales Growth Starting To Slacken

Retail sales are still rising but the pace has slackened in recent months in what analysts say is a sign higher interest rates are finally slowing the economy. The Commerce …


Buffett Raises Stake In American Express

The firm controlled by famed investor Warren Buffett has increased its stake in American Express Co. to 9.8 percent since Dec. 31, the giant charge card company said Tuesday. Berkshire …


Micron’s Decision Mystifies

Disappointed North Idaho legislators and business leaders spent Valentine’s Day wondering why Micron Semiconductor Inc. abruptly ended the courtship efforts of Kootenai County and three other Idaho cities for the …


Key Tronic Boss To Acquire Stock Hiller Could Net Millions By Exercising Options To Buy 1 Million Shares From Founder

Key Tronic Chief Executive Officer Stanley Hiller is exercising his option to acquire 1 million shares of stock from company founder Lewis G. Zirkle. The option allows Hiller to purchase …


Micron’s Decision Brings Sigh Of Relief From Advocates Of Slow Growth

The news that Micron won’t be coming to North Idaho is bittersweet. True, our job-thirsty and tax-dry economy could use a major river of revenue. The $1.3 billion expansion from …


Parking Sprawl Clashes With Attempts To Reduce Dependence On Autos

Seattle is taking a stand against downtown parking sprawl. In downtown Spokane, on the other hand, the cry is for more and more parking.


Spokane Airways Aircraft Service Firm Always Ready When Celebrities Drop In

Richard Chastek, second from left, is owner and president of Spokane Airways. Also pictured, from left, are Margaret, Mark, and John Chastek.


Mesa Air’s Fortunes Sink, But Ceo Is Still Flying High

For several years, Mesa Air Group seemed to thrive because of the woes of the rest of the airline industry, not just despite them. The nation’s largest independent regional carrier …


A Bigger Bite The Export Of State Apples To Foreign Markets Is On A Record Pace

A Japanese woman examines a Washington-grown apple in a Tokyo supermarket. The first exports of American apples to Japan helped energize overall apple exports. Photo by Associated Press


Kaiser Takes Aim At Auto Market With German, Japanese Alliances Company Hopes To Tap Demand For Aluminum Parts For Cars

Kaiser Aluminum Corp. has taken another step in a strategy to make the company a significant player in the world automobile industry. The company announced last week that it has …


Book Market Closing When Lease Expires

The Book Market, a giant bookstore in the former J.C. Penney Co. building, will close when the store lease expires March 12. Although the Book Market was set up as …


Policy Change May Boost Wheat Exports

A change in Japanese wheat trade policy could double the exports of Pacific Northwest club wheat, the Washington Wheat Commission predicts. Little known outside of Washington, club wheat is blended …


Alaska Air Board Jettisons Vecci

Raymond J. Vecci has resigned under pressure as chairman and chief executive officer of Alaska Air Group, the parent company of Alaska Airlines and Horizon Air. A statement released Thursday …


Tacoma Gets A Namesake

Some might say Tacoma is to Washington cities what the pickup is to the automobile industry. Functional, but not too fancy or exciting. So it seems appropriate that Toyota Motor …


Spokane Ranked Among Top Five Housing Markets

Rising mortgage rates curbed demand for existing homes last year and sharply trimmed increases in housing values, a real estate trade group reported Thursday. But Spokane, with a 9.8 percent …


Dollar Slips Against Mark, Yen

The dollar fell slightly against key currencies in quiet, directionless trading Thursday as dealers awaited January wholesale price data for indications on the direction of the U.S. economy and interest …


Dow Backpedals Again, Falls 2.69

Stocks put in a mixed performance on Thursday amid fears that inflation data due out on Friday will prompt another runup in interest rates. The Dow Jones industrial average fell …


17 Implicated In Securities Fraud Probe Ex-At&T; Official Called Leader Of Insider Trading Operation

Federal authorities revealed a stunning securities fraud scheme today that implicated 17 people including an ex-AT&T; Corp. executive and his son, accusing them of illicit stock trading on secret takeover …


Delta Caps Payments To Travel Agencies

Delta Air Lines dropped a bombshell on travel agents Thursday, announcing a cap on commissions as part of its cost-cutting campaign. Delta traditionally has paid agents 10 percent of the …


Shareholders Approve Rail Deal Merger Of Bn, Santa Fe Could Benefit Farmers, Automakers, Other Shippers

The proposed merger of railroad companies Burlington Northern Inc. and Santa Fe Pacific Corp. promises a host of benefits to carmakers, farmers and shippers looking for better connections across the …


California Trucker Opens Local Center

Con-Way Western Express, a growing California-based trucking company, has opened a center serving Spokane and Coeur d’Alene. The West Plains facility, W6618 Thorpe Road, provides pick up and delivery services, …