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The Spokesman-Review Newspaper The Spokesman-Review

Saturday, February 16, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: business


Week Ahead

Conventions 2019 International Auto Show – Spokane New Car Dealers Association, today, Spokane County Fair and Expo Center, 7,000 attendees.


Four-building apartment complex proposed in Spokane Valley

The proposed $1.2 million project at 11813 E. Broadway Ave. will contain four, three-story buildings with a clubhouse and a pool. The total project size is more than 143,000 square …


Tom Kelly: Some timelines for residence exemption are confusing

If you’ve traded for a lakefront getaway condo and now think you would like to live there, make sure you own it for five years before attempting to pocket a …


Riverview Retirement Community adding more housing for memory care residents

Spokane-based Bouten Construction will build three, one-story duplexes, which will each be more than 3,700 square feet in size.


Business Beat

Honors Scott Whitaker was awarded Rookie of the Year by franchisor Restoration 1. Whitaker opened his Spokane-based franchise in September 2017. He also joined the company’s Million Dollar Club, honoring …


UPDATED: Fri., Feb. 15, 2019, 8:44 p.m.

Payless ShoeSource to shutter all of its remaining US stores

Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have …


UPDATED: Fri., Feb. 15, 2019, 6:42 p.m.

A leaner Sears emerges from bankruptcy, but can it survive?

In some ways, the “new” Sears has a lot in common with the company that filed for bankruptcy protection in October.


UPDATED: Fri., Feb. 15, 2019, 6:19 p.m.

Alaska Air to appeal $78 million judgment over pay for Virgin America flight attendants

Alaska Airlines has been ordered to pay $78 million in a class-action lawsuit on behalf of about 1,800 flight attendants who worked for Virgin America and sued that airline before …


Amazon dumped New York, but cities still wooing the company

Amazon’s breakup with New York was still fresh when other cities started sending their own valentines to the online giant.


UPDATED: Fri., Feb. 15, 2019, 5:22 p.m.

Report: Facebook, FTC discussing ‘multibillion dollar’ fine

A report says Facebook and the Federal Trade Commission are negotiating a “multibillion dollar” fine for the social network’s privacy lapses.


UPDATED: Fri., Feb. 15, 2019, 2:32 p.m.

Trump’s company officially halts hotel expansion

President Donald Trump’s company officially shelved plans Friday to create two hotel chains aimed at reaching customers mostly in places where the president has become politically popular.


Amazon’s exit could scare off tech companies from New York

Amazon jilted New York City on Valentine’s Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax …


UPDATED: Thu., Feb. 14, 2019, 6:12 p.m.

Amazon sets cap for Seattle growth in coming years; canceled New York jobs will likely go elsewhere

Amazon will end its growth in Seattle in coming years after its offices under construction open up, and the 25,000 jobs intended for New York will be mostly spread across …


UPDATED: Thu., Feb. 14, 2019, 6:13 p.m.

National retail group: Holiday sales fell short

The National Retail Federation, the nation’s largest retail trade group, said that holiday sales increased a lower-than-expected 2.9 percent as worries about the trade war with China, the government shutdown …


UPDATED: Thu., Feb. 14, 2019, 4:09 p.m.

Mixed finish for U.S. stock indexes over weak retail sales

U.S. stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index.


UPDATED: Thu., Feb. 14, 2019, 6:47 p.m.

Too big to sell: Airbus bids pained adieu to superjumbo A380

To passengers, the A380 feels immediately different – spacious, smooth and oddly elegant for a jet so gargantuan. Yet to Airbus, it’s become a burden so super-sized that the European …


UPDATED: Thu., Feb. 14, 2019, 5:57 p.m.

Amazon dumps NYC headquarters and its promised 25,000 jobs

Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to …


Spokane Valley aims to speed up permits for northeast industrial area

Spokane Valley is considering a measure that speeds up the permitting process for potential businesses in the city’s northeast industrial area.


Spokane Great Outdoors and Bike Expo will stage its first dog fashion show Feb. 24

Fashionable dogs will be making an appearance at the first Outdoor Dog Fashion Show at the annual Great Outdoors and Bike Expo set for Feb. 23-24 at the Spokane Convention …


PotlatchDeltic sells fiberboard plant in Arkansas

PotlatchDeltic Corp. has sold a fiberboard plant in Arkansas to Roseburg Forest Products for $92 million.


U.S. inflation remains contained amid Fed patience on rates

WASHINGTON – A key measure of U.S. inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve’s recent decision to be …


Ford F-150 recalls 1.48 million pickups due to crash concern

Ford Motor Co. is aware of at least five accidents involving the best-selling F-150 pickup caused by unintended downshifting into first gear, which can lead to loss of control and …


UPDATED: Wed., Feb. 13, 2019, 4:34 p.m.

Levi Strauss plans to raise $100M in initial public offering

SAN FRANCISCO – Well-known jeans company Levi Strauss & Co. says it plans to raise about $100 million through an initial public offering. The number of shares to be offered …


Vatican, Microsoft team up on artificial intelligence ethics

The Vatican and Microsoft are teaming up to promote ethics in artificial intelligence.


UPDATED: Wed., Feb. 13, 2019, 5:03 p.m.

Anti-vaxxers are spreading conspiracy theories on Facebook, and the company is struggling to stop them

As a disturbing number of measles outbreaks crop up around the United States, Facebook is facing challenges combating widespread misinformation about vaccinations on its platform, which has become a haven …


UPDATED: Wed., Feb. 13, 2019, 4:56 p.m.

Democrats question pledges in $26.5B T-Mobile-Sprint deal

Democratic lawmakers challenged top executives of T-Mobile and Sprint over their pledge not to raise prices for wireless services or hurt competition if their $26.5 billion merger goes through.


UPDATED: Wed., Feb. 13, 2019, 3:26 p.m.

Optimism over U.S.-China trade talks boosts stocks again

Stocks extended their gains in afternoon trading on Wall Street Wednesday as investors remained optimistic that the U.S. and China will make more progress in resolving their costly trade dispute.


UPDATED: Wed., Feb. 13, 2019, 7:15 p.m.

Auto reliability up, but battery, shifting problems persist

Automobiles are getting more reliable, but J.D. Power’s annual survey finds problems with battery failures, transmission shifting and voice recognition systems.


UPDATED: Tue., Feb. 12, 2019, 7:09 p.m.

N.Y. Fed: Auto loan delinquencies at highest point since 2010

The Federal Reserve Bank of New York says borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010.


REI leader resigns over undisclosed relationship

Officials say the president and CEO of outdoor retailer REI has resigned for failing to disclose a relationship he had with the head of another organization in the outdoor industry