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Saturday, February 23, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: business


Ted’s Excellent Adventure Unexpected Zigs, Zags Highlight Maverick Businessman’s Career

In a career spanning three decades, Ted Turner has kept people guessing about his next move. Photo by Associated Press


Suitor May Buy Troubles With Turner Time Warner Taking Big Risk In Bid For Entertainment Giant

As Time Warner Inc. woos Turner Broadcasting System Inc., it may also be courting trouble. Time Warner is hoping the Atlanta-based cable network and entertainment company will provide programming and …


Eu Extends Halt On Grain Subsidies

The European Union has extended its halt on grain export subsidies until Oct. 12, commercial exporters said. The Agricultural Committee of the EU made the decision Thursday in Brussels, according …


Microsoft Reports Windows 95 Piracy

Three weeks after Microsoft distributed samples of its Chinese version of Windows 95, pirated versions of the software have swept into the market, a company official said Thursday. Microsoft sent …


Simplot Dedicates Processing Plant

Jack Simplot, the 86-year-old founder of J.R. Simplot Co., marveled at his company’s modern vegetable processing plant and greeted some of the employees at the dedication of the $32 million …


Ruling Reinforces Sterling’s Case Appeals Court Lets Another Thrift Pursue Claim Against Government

Sterling Financial Corp. could learn today whether it will be allowed to pursue a bid for more than $30 million in damages from the federal government. The Office of Thrift …


Retailers Report Weak Sales Despite Rising Personal Income Reports Reflect Continued Sluggishness In Economic Growth

Americans’ incomes rose faster in July than in six months, the government said Thursday, but weak retail sales and sharply lower factory orders suggested the economy hasn’t shaken its sluggishness. …


Americans Love Their Coupons

It’s been 100 years since shoppers began clipping and redeeming coupons, according to the Promotion Marketing Association of America which tracks industry trends. The PMAA says 6.2 billion coupons were …


Fred Meyer Reports Sharply Lower Income

Fred Meyer Inc. reported Thursday that its second-quarter net income plunged to $10.7 million, down more than 44 percent from last year’s $19.2 million. The company blamed weaker sales of …


Stocks Edge Higher In Quiet Trading

Stocks edged higher in quiet trading Thursday. But the gains lacked conviction, as many market participants were absent ahead of Monday’s Labor Day holiday.


Run On Thrift Escalates Japanese Banking Crisis Government Tries To Calm Panicky Depositors

It’s a sight to strike fear into the heart of the most iron-willed bank regulator: hordes of people shoving their way into a troubled bank to yank out their money. …


Stalker Turns Prey Time Warner Offers $8.5 Billion For Turner Broadcasting System

CNN is the flagship of Turner Broadcasting System, which Time Warner hopes to buy. Photo by Associated Press


Crown Jewel Moves Closer To Production

The comment period for the environmental impact statement for the proposed Crown Jewel gold mine in Chesaw, Wash., has ended and the companies involved said Wednesday that the mine could …


U.S., Japan Settle Software Dispute

Industry officials from Japan and the United States said Wednesday they have settled a dispute over software quality standards that U.S. manufacturers had warned would create a trade barrier. A …


Surgical Device Makers Strike Deal

Boston Scientific Corp., a fast-growing maker of sophisticated miniature surgical devices, said Wednesday it will buy Heart Technology Inc., a pioneer of a machine that drills open clogged arteries. The …


Arco Launches Bid For Russian Oil Firm

Arco said Wednesday it was trying to buy up to 7.99 percent of the voting shares in LUKoil, one of Russia’s largest integrated oil companies, through a $250 million offer. …


Proposed Merger Casts Ted Turner In Unlikely Role

Ted Turner


Local Hyundai Dealership Sold West Valley Hyundai Acquired By Chrysler-Plymouth Dealer

The owner of Spokane Chrysler-Plymouth Inc. in the Valley has acquired West Valley Hyundai from a former partner. Joe Arrotta, president and owner of Spokane Chrysler-Plymouth, bought the Hyundai dealership …


Kaiser Adds Workers At Mead Plant But Company Mum On Plans To Restart Two Idle Potlines

Kaiser Aluminum & Chemical Corp. has added workers in the potrooms of its Mead smelter, but company officials are noncommittal about the possibility two idle potlines will be restarted anytime …


Ruling Leaves Anglers On Hook Alaskan Commercial Trollers Scramble To Survive Ban On Fishing For Chinook Salmon

A federal judge’s ban on Chinook fishing in southeastern Alaska is hurting commercial trollers like Steve Box of Juneau. Photo by Associated Press


Red Iron Building New Complex Here

Red Iron Corp. is building a $1.3 million shop and office complex at E2401 Brooklyn. Vice President Ray Johnson said the steel fabrication company’s present facility at E1418 Houston is …


Time Warner Tunes Deal With Japanese

Time Warner Inc. is reshaping its relationship with two Japanese companies that own a minority stake in its cable television and filmed entertainment businesses, a source close to the situation …


Bottlers Sue Cargill Over Sweetener Cost

Two Pepsi-Cola bottlers sued Cargill Inc., accusing it of colluding with three other companies to fix prices on high-fructose corn syrup, a key soft-drink sweetener. The two civil complaints, filed …


Jobs Plus Expands Mission Kootenai County Job Recruiter Adopts New Goals, Objectives

Jobs Plus Inc., Kootenai County’s economic recruiting arm, has expanded its role beyond luring California businesses here. But board Chairman Charlie Nipp said Jobs Plus’ basic mission of recruiting businesses …


Bargain Hunting Fuels Dow’s Rise

Stocks staged a partial comeback Tuesday as Wall Street faced another unsettled day for technology issues. The Dow Jones industrial average improved in late trading to wind up with a …


Caterpillar, Uaw Resume Negotiations

Caterpillar Inc. and the United Auto Workers resumed contract negotiations Tuesday but refused to say whether the talks moved them any closer to ending a 14-month strike. The two sides …


Windows 95 Sales Hit 1 Million Microsoft Customer-Help Lines Swamped With Calls

After a week of unprecedented fanfare, Microsoft’s new Windows 95 operating system sold an estimated 1 million copies at retail in its first four days on the market, Microsoft said …


Ethnic Restaurants Carve Niche In Competitive North Idaho Market

Restaurants and fast food places continue to find and fill niches in the expanding North Idaho market. A few years ago, finding a niche here simply meant something different such …


Lower Interest Rates Raise Sales Of New Homes To Highest Level In A Year Sales In The South Were At A 10-Year High, More Than Offsetting Weakness Elsewhere

Sales of new homes rose in July for the third straight month to their highest level in more than a year, and analysts predicted lower mortgage rates and steady consumer …


Time Warner, Turner Talk About Merging

Time Warner Inc. is negotiating with Turner Broadcasting System to create what could be the latest in a string of megamergers this summer, the New York Post reported today. The …