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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

Spokane County employment edges up

Employment in Spokane County rebounded last year, but remains substantially below the peak reached in 2008. The same was true for all of Washington, according to figures released Wednesday by the Washington Employment Security Department.
News >  Business

Three finalists for airport director named

Spokane International Airport will have a new director by March 1, and improved traffic flow sometime in 2012, if events follow timelines discussed Wednesday by airport board members. These are the finalists for the director position, winnowed from more than 40 applicants:
News >  Business

Seattle, Denver hotels for sale

Red Lion Hotels Corp. has hung “For sale” signs on its Denver and Seattle properties as it shifts to a more franchise-based network, President Jon Elliasen said Tuesday. But he said the company plans to retain management responsibilities for the 297-room Red Lion Hotel Fifth Avenue in Seattle, which will also keep the Spokane-based chain’s brand.

Spokane home prices and sales fell last year

Home sales in Spokane County fell almost 9 percent in 2010 compared with 2009, according to figures released Thursday by the Spokane Association of Realtors. Sales of 4,250 homes were reported, compared with 4,666 in 2009.
News >  Business

Local mining, bank stocks had solid gains in 2010

The composite market value of 15 Inland Northwest stocks reached a record Dec. 31, possibly foretelling more good things for 2011, Hart Capital Management President Craig Hart said Wednesday. The company’s Inland Northwest Composite finished the year at $13.2 billion, up almost 35 percent for the year, he said, based largely on substantial gains in its mining and banking components.
News >  Business

Murray feels conservation efforts could work across country

Energy conservation efforts by local governments and businesses could be an example for cities across the United States, Sen. Patty Murray said after a Wednesday briefing. Officials convened by Spokane Mayor Mary Verner discussed the early results of an energy audit program launched last spring, and pending changes in the city’s recycling program.
News

Flames damage Loon Lake daycare

Fire destroyed two rooms at the Loon Lake Childrens Center over the weekend, and other rooms were damaged by smoke and water, said Lt. Russell Armstrong, who is investigating the fire for Stevens County Fire District No. 1.
News >  Business

Caldwell: Governor’s work plan needs quick approval

While legislators find their seats, Gov. Chris Gregoire remained center stage last week in Olympia, announcing proposals that would restructure education oversight, alter ferry system management, and amend the state’s unemployment and workers’ compensation programs. Not a bad week’s work.
News >  Business

Companies take pipeline battle to court

A Liberty Lake storage company is suing a pipeline company over an expired 50-year easement. Gas Transmission Northwest Corp. has responded by initiating a condemnation against Storage Solutions Liberty Lake LLC, whose facility at 2221 N. Harvard Road straddles a pipeline that carries natural gas from Canada into Washington, Oregon, Nevada and California.
News >  Business

Here’s the Dirt: Deaconess renovates for Rockwood staff

Top-to-bottom modernization and build-out projects worth about $7 million are under way at Deaconess Medical Center as the South Hill complex readies more space for Rockwood Clinic doctors and staff. In the basement of the Deaconess Health and Education Center, a 13,880-pound, $1.5 million MRI unit has replaced a smaller, less-powerful unit, Chief Operating Officer Greg Repetti said. Getting the smaller machine out and the larger unit in entailed the temporary removal of a portion of foundation wall, work that has blocked Fifth Avenue.
News >  Business

Jobs saved in Shared-Work Program

Washington’s Shared-Work Program kept 32,000 workers on the job in 2010, a record and up by 10,000 from 2009, the Employment Security Department said Thursday. The department estimated the program cost the state $35 million but saved about $34 million.
News >  Spokane

Bills would save state’s businesses millions

Gov. Chris Gregoire on Tuesday said she will ask Washington lawmakers to approve bills that would save businesses and employees $300 million this year and more than $1 billion over the next four years. One measure that must be approved before Feb. 8 would stop, or in many cases reverse, 2011 unemployment insurance tax increases set to average 36 percent.
News >  Business

Ski resorts’ season off to booming start

Outstanding conditions have brought an avalanche of skiers to Inland Northwest resorts, operators reported Monday. An early opening for most ski areas got the season off to a strong start, but skier belief that La Niña would again produce the heavy snows that carpeted slopes in 2008 had season pass sales schussing before the first flakes fell.
News >  Business

Caldwell: Wizard of wealth passes it on in new book

Glenn Petry estimates he taught finance to 15,000 Washington State University students. Now, he wants to teach you. The retired but apparently untiring professor has written his first book, “The Money Saving Wealth Building Guide for the New Economy,” a 470-page primer on personal finance, and more than a little psychology.
News >  Business

Ecology fines Greenstone over trees

The removal of several trees along the Liberty Lake shoreline merits a $15,000 fine against Greenstone Development Co. and owner Jim Frank, the Washington Department of Ecology said Wednesday. The cottonwood trees were within a protected shoreline setback, DOE compliance coordinator Mike Maher said.
News >  Business

Johnson to take over STCU helm

Tom Johnson becomes president and chief executive officer of Spokane Teachers Credit Union on Saturday. He succeeds Steve Dahlstrom, who has been with STCU for 30 years, the last 20 as its chief executive.
News >  Business

Clearwater buys Cellu Tissue, creates company with 14 plants

Clearwater Paper Corp. Monday closed on its $530 million acquisition of Cellu Tissue Holdings Inc. The deal creates a company with 14 manufacturing plants in the United States and Canada and annual sales of $1.9 billion. A 15th plant is under construction in Shelby, N.C.