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

Bert Caldwell

This individual is no longer an employee with The Spokesman-Review.

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News >  Business

Inspection and scales moving to fast lane

A $6.7 million Washington port of entry and weigh station complex under construction along Interstate 90 at the Idaho state line will provide nonstop service to many truckers, Department of Transportation spokesman Al Gilson said this week. He said scales embedded in the highway in front of the existing weigh station – about one-half mile east of its replacement – will weigh trucks on the fly. Meanwhile, windshield-mounted transponders will forward registration, safety documentation and other information using the Commercial Vehicle Information Systems and Networks.
News >  Business

Washington state’s home sales strong; prices lower

Second-quarter home sales in Washington jumped almost 28 percent over 2009 levels as buyers rushed to take advantage of an expiring $8,000 federal income tax credit. But a report released Wednesday by the Washington State Real Estate Research Center also showed median prices fell 6.9 percent compared with the 2009 quarter, to $246,800.
News >  Business

Rosauers’ Deer Park store is expected to close

Rosauers Supermarkets Inc. will close its Deer Park store next month, President Jeff Philipps said Tuesday. More shoppers traveling to Spokane, competition from a nearby Yoke’s Fresh Market, and the economy's slowdown have changed the Deer Park marketplace since Rosauers bought a former Excel Foods location in 2001, he said.
News >  Business

Home sales off sharply in Spokane County in July

Spokane County home sales tumbled in July, but prices slipped only slightly from year-ago levels, according to the Spokane Association of Realtors. A total of 347 homes sold during the month, off 36 percent from July 2009 and 31 percent from June, when the last of the sales prompted by an $8,000 federal income tax credit closed. The credit expired April 30.
News >  Spokane

Inland Northwest Lighthouse director ready to make agency shine

Kevin Daniel became executive director of Inland Northwest Lighthouse on April 12. An offshoot of Lighthouse for the Blind in Seattle, the agency employs sight-impaired and sighted workers at its office-supply manufacturing facility on North Addison Street, which opened two years ago. Q.How did you come to be executive director of the Spokane Lighthouse?
News >  Business

Sterling reports loss

Sterling Financial Corp. reported a second-quarter loss Tuesday 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.
News >  Business

Sterling Financial reports another quarter of 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.
News >  Business

Report likely to show cold realities of Social Security ills

An overdue report from the trustees of Social Security and Medicare will be released Aug. 5. As if the East Coast needed any more heat. Normally released around April 1, the 2010 report was delayed until the end of June to allow actuaries time to compute the effects of the health care reform bill. Remember, one of the selling points was massive Medicare savings.
News >  Business

SNAP easing away from apartment business

SNAP will sell three small apartment blocks and hand day-to-day responsibility for 11 others to an independent manager, the nonprofit organization’s director of housing opportunities said Friday. Ray Rieckers said the change will save SNAP an estimated $145,000 per year in management expenses, costs the agency cannot afford as it contends with a downturn in contributions.
News >  Business

Interim airport director nominated

The Spokane International Airport board of directors Wednesday nominated former Providence Health Care chief executive Ryland “Skip” Davis to be interim director. If approved by the Spokane City Council and Spokane County Commissioners, he would replace Neal Sealock, who is retiring after five years as director to pursue a Ph.D.
News >  Business

Merger to create heart institute

Providence Health Care and two Spokane-based cardiology groups announced Wednesday 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’s chief executive, Dr. Andrew Agwunobi, said Providence, Spokane Cardiology and Heart Clinics Northwest, consolidated as Providence Spokane Heart Institute, will improve the safety, quality and efficiency of care, in part as a response to changes anticipated under health care reform.