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Office Hours archive for July 2010

FRIDAY, JULY 30, 2010

Sawtooth Grill not ready to reopen, yet 

The blog post on Thursday, about the raft of new restaurants hereabouts, noted we weren't sure then what the owner of the Sawtooth Grill would do, following closing down on Saturday.Late in the day we got a call from owner Jim Simonson, who lives in…

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Foreclosure rate low, but accelerating

The foreclosure rate in Spokane County ranked among the lowest in the United States during the first half of 2010, but the rate of increase between January and June was also among the nation's highest.Among 206 metropolitan areas surveyed by RealtyTrak, Spokane ranked 177th, with…

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TUESDAY, JULY 27, 2010

Sterling narrows losses

Sterling Financial Corp. today reported a second-quarter loss of $58.2 million, including a $70.8 million allowance for credit losses.A year ago, the Spokane bank reported a net loss of $33.9 million after a $79.7 million allowance for credit losses. Per share, the 2010 quarter loss…

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MONDAY, JULY 26, 2010

Small explosion idles mill temporarily

A small explosion in a furnace temporarily shut down the Kaiser Aluminum Corp. Trentwood rolling mill Saturday.No one was injured by the blast in one of several casting areas that was undergoing routine maintenance, said company spokesman Dave Quast.Operations in other areas of the vast…

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FRIDAY, JULY 23, 2010

Big wheat yields due to cool, wet spring

All that rain and cool weather in the spring made for ideal growing conditions for dryland wheat farmers across the region, and growers anticipate big yields as they begin their summer harvests. Yields of Washington winter wheat are predicted this year to reach about 65…

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Coming up Friday in Here's the Dirt

We'll profile Pine Springs Farm, going up about 10 minutes south of Interstate 90 along Highway 27. The Wolff Company wants its apartment complex to feel more rural than your average suburban housing development.Also, work will wrap up by summer’s end on the first piece…

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Ambassadors reports drop in travelers, profits

Spokane-based educational travel company Ambassadors Group Inc. posted lower earnings in the second quarter as it arranged travel for fewer people.The company today reported earning $15.2 million in April, May and June, or 78 cents per share. That's down from $19.2 million, or 99 cents…

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Hospital, cardiology practices to combine

Providence Health Care and two Spokane-based cardiology groups today announced they will merge this fall to create a national center that could become a destination for patients seeking state-of-the-art heart care.Providence Chief Executive Dr. Andy Agwunobi said Spokane Cardiology and Heart Clinics Northwest, consolidated as…

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Former hospital CEO to manage airport

Spokane International Airport directors today nominated former Providence Health Care chief executive Ryland "Skip" Davis to be interim manager.If approved by the Spokane City Council and County Commissioners, he would replace Neal Sealock, who is retiring after five years in the position to pursue a…

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Group sues Gregoire over climate order

A conservative think tank and a handful of Washington residents are suing Gov. Chris Gregoire over a 2009 executive order aimed at reducing greenhouse gas emissions, according to the Associated Press.The Evergreen Freedom Foundation and six residents from around the state filed the lawsuit today…

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Good news for those with a lot of dough in the bank

You won't have to stash your cash in as many different banks now. The financial overhaul bill President Obama signed today permanently raises the Federal Deposit Insurance Corp.'s deposit insurance to $250,000 per depositor.The insurance had been temporarily raised from $100,000 to $250,000 on Oct.…

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TUESDAY, JULY 20, 2010

Did you leave some money behind?

If you used to bank at WaMu, you may have left some cash behind.The Washington Revenue Department says nearly $10 million deposited in Washington Mutual went unclaimed after the Seattle bank failed in 2008.J.P. Morgan Chase received most of WaMu’s accounts, but inactive accounts were…

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MONDAY, JULY 19, 2010

Job vacancy increase first since 2006

More "Help Wanted" signs popped up around Washington this spring, the first increase since the fall of 2006.A Washington Employment Security Department survey indicated employers were looking for 38,732 workers, up 21 percent since fall 2009. The high was 90,000 vacancies in 2006.Almost half the…

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FRIDAY, JULY 16, 2010


The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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