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Stories tagged: business


Johnson Matthey Buys Colorado Firm

Johnson Matthey Electronics has acquired Climax Performance Materials Microelectronics Group of Golden, Colo. The acquisition expands the product capabilities of Johnson Matthey’s Alta Group, a Pittsburgh-based supplier of highpurity titanium …


Bn Will Expand Its Pasco Rail Yard

Burlington Northern Inc. said Monday it will spend $750 million this year on projects that include expansion of the massive Pasco rail yard. The Fort Worth, Texas-based company will spend …


Cominco Fertilizers Posts Record Profits

Cominco Fertilizers Ltd., a Canadian-based firm that operates its Western regional office in Spokane, said higher prices and a retail expansion resulted in record earnings for 1994. The Calgary-based company …


Horizon Concourse Expansion Planned

Construction crews should start expanding the C Concourse at Spokane International Airport in early spring. Airport board members will award a contract for the work at their March 15 meeting. …


Wealthy Could Pay To Forfeit Citizenship

The Clinton administration is cracking down on the dozen or so rich people a year who renounce their U.S. citizenship to avoid taxes. There’ll be a slight exit fee amounting …


Is Reno On A Roll?

The high rollers are betting on bowling. Gov. Bob Miller, Mayor Pete Sferrazza and Sen. Richard Bryan joined a virtual who’s who of northern Nevadans in sending the pins flying …


Md-11 May Go Out Of Production Mcdonnell Douglas Decision Reflects Airline Slump

The McDonnell Douglas MD-11 widebody may temporarily go out of production next year. Photo by Associated Press


Boeing Gets Split In Budget Battle

President Clinton gave Boeing Helicopters some good and bad news Monday when he proposed giving the V-22 Osprey aircraft the go-ahead while cutting funding for the RAH-66 Comanche helicopter. Clinton’s …


Higher Rates May Finally Cool Economy

One year after the Federal Reserve embarked on its journey toward slower growth by raising interest rates, there are few signs that the U.S. economy is shifting into a lower …


Dollar Extends Gains

The dollar mostly strengthened Monday in global foreign exchange trading, building on its gains from last week based on evidence that healthy U.S. economic growth isn’t producing much domestic inflation. …


Dow Continues Rally With Gain Of 9.09

Stocks extended their climb Monday amid hopes that moderating economic growth will cause interest rates to crest soon. In advancing for a fifth straight session, the market withstood selling by …


Local New Car And Truck Sales Leveled Off In 1994 But Analyst Says Decreases Don’t Reflect A Weakening Spokane Economy

After years of 10 percent and 20 percent gains, Spokane-area car and truck sales leveled off in 1994, with new car sales down slightly and new truck sales up slightly. …


Kootenai Home Sale Pace Slows

The pace of Kootenai County home sales slowed dramatically in January compared with a year ago, but the average sale price rose to $106,872. That’s a 7 percent increase from …


Wwp Faces $10 Million Court Suit Houston Company Sues Over Williams Lake Project

Washington Water Power Co. and some of its present and former subsidiaries have been sued by the minority partner in a British Columbia plant that burns wood waste to generate …


Cleaning Up Customers Say Wallace Woman’s Greencastle Soap Is The Best - Bar None

Greencastle Soap owner Sandy Mongelli works on a batch of soap in her Wallace workshop. In the background, Sandy Kaplan trims the bars before wrapping. Photo by Christopher Anderson/The Spokesman-Review


Tax-Increment Financing

What it is: An incentive to bring business to a community that might move elsewhere. What it pays for: Public infrastructure needed for a development - sewer, water, utilities and …


Striking Out Manufacturers Face Dilemma Pitching Baseball Paraphernalia During Players’ Strike

Exhibits fill the entire football field at Atlanta’s Gerogia Dome, where sporting goods manufacturers are touting their newest wares. Photo by Associated Press


Jobless Rate Climbs To 5.7 Percent Economy Unable To Fully Absorb Workers Re-Entering Job Market

The nation’s unemployment rate shot up to 5.7 percent in January as job creation fell to a 12-month low. Still, The Clinton administration and many private economists contend there’s plenty …


Quaker Sells Pet Food Business To Dalgety

Betting that dog and cat cuisines offer it a brighter future than potato chips, Dalgety PLC will pay $700 million for the European pet food business of Quaker Oats Co. …


Juice Distribution Company Acquired

A Spokane gynecologist and a property manager have teamed up to buy Inland Beverage & Gas Inc. in the Valley for an undisclosed amount, officials said Friday. Rick Rubio and …


Apple Shipments To Japan Halted

An apple packer said Friday his company has stopped shipping apples to Japan until it learns how a fungicide got on two apples tested in a random sample by a …


Us West Boosting Work Force To Silence Critics Phone Company Plans To Hire 1,300 Workers To Help Ease Service Problems

US West Communications Inc. on Friday took another step toward resolving a backlog of telephone service problems by announcing plans to hire an additional 1,300 workers for residential operations. The …


White’s Out At Big Blue

Big Blue is finally living up to its name. The white-collar world of IBM, where suits were dark, shirts were starched and ties were dull, is taking a turn for …


Micron Search Team Schedules Local Visit Public Meeting Planned To Help Gauge Reaction To Prize Project

Officials from Micron Semiconductor Inc. in two weeks will gauge residents’ reactions to the prospect of its $1.3 billion expansion locating in Post Falls. Seven members of the Micron search …


Higher Jobless Rate Triggers Stock Market Rally

Stocks soared Friday on the heaviest trading day so far this year and the sixthbusiest on record as an unexpectedly weak jobs report repressed fears of inflation and higher interest …


Southwest Airlines Aims To Lower Costs

Southwest Airlines Co., which already spends less money to fly its planes than any U.S. carrier, said Friday it will try to further reduce costs this year to stand up …


Local Businesswomen Seek National Affiliation Group Pursues Inland Northwest Chapter Of National Association Of Women Business Owners

A committee of women entrepreneurs in Spokane hopes to rally enough support by late spring to create an Inland Northwest chapter of the National Association of Women Business Owners. “NAWBO …


Foreign Flowers Frustrate Florists

California weather and foreign competition are threatening to make Valentine’s day break for domestic growers. Photo by Associated Press


Itron’s 1994 Earnings Hit Record Pace

Itron Inc. Monday reported record earnings for 1994 and the fourth quarter. The Spokane maker of automated meter-reading equipment for the utilities industry said revenues for the quarter ended Dec. …


New Technique Used By Hackers Vexing Experts Security Packages For Internet Are Proving Easy To Overcome

Hackers have discovered a new way to “hijack” computer systems linked to the Internet, threatening security to millions of computers in the global network, authorities warned today. Many systems that …