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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

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Capital One weighs acquisition of Discover Financial

Capital One Financial Corp. is exploring a potential acquisition of credit-card lender Discover Financial Services that would rank as one of the largest deals globally so far this year, people with knowledge of the matter said.
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Is Disneyland’s new Pixar Place Hotel worth $500 a night?

Disneyland’s new Pixar Place Hotel is commanding $500 a night for standard rooms and hundreds more for premium rooms and suites with rates that compare and sometimes exceed the more established Disneyland Hotel and Disney’s Grand Californian Hotel.
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Stocks bounce after rough CPI day as yields fall

Wall Street traders reeling from an unexpected pickup in US inflation sent stocks and bonds higher on Wednesday. Equities rebounded after a slide in the previous session that was triggered by a reset in Federal Reserve rate-cut expectations — and amplified by moves in derivatives markets. The market’s favorite volatility gauge — the VIX — tumbled after closing at the highest since November. ...
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Two Seattle bank mergers show different sides of interest rate turmoil

Feb. 16—Two recent mergers involving long-standing Seattle-based banks offer a poignant reminder of the turmoil that has gripped regional banks since 2022. On Jan. 16, Seattle-based HomeStreet Bank announced it was being acquired by Denver-based FirstSun Capital Bancorp in a deal that, pending approval, is worth around $286 million. Founded in 1921 as the Continental Mortgage and Loan Co., ...
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OpenAI’s Sam Altman seeks U.S. blessing to raise billions for AI chips

OpenAI Chief Executive Officer Sam Altman is working to secure U.S. government approval for a massive venture to boost global manufacturing of artificial intelligence chips, an effort that risks raising national security and antitrust concerns in Washington, according to people familiar with the matter.
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Meeting-free Fridays aim to boost slumping end-of-week productivity

Hibaaq Abdillahi says meeting-free Fridays have dramatically boosted productivity at Oyster, a human resources firm where the 32-year-old brand manager works. At previous jobs, she had Summer Fridays, but that did little to relieve the feeling of being “just ready to be done” by the week’s end.
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Amazon argues labor board is unconstitutional

In the latest sign of a growing backlash within corporate America to the 88-year-old federal agency that enforces labor rights, Amazon argued in a legal filing Thursday that the National Labor Relations Board was unconstitutional.
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Amid pollution investigation, maker of Gore-Tex cuts PFAS from outdoor clothing

In 2014, W.L. Gore & Associates stopped using a harmful chemical called PFOA in the technology it makes for waterproofing raincoats, hiking boots and other gear. The Newark, Delaware-based company’s shift came amid federal government pressure for the industry to phase out by 2015 the use of the cancer-causing compound, which is part of a broad group called per- and polyfluoroalkyl substances, or PFAS.