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

Business news

From staff and wire reports The Spokesman-Review

Roosevelt property sold before auction

Consumers open up pocketbooks in May

Ex-Rite Aid executives begin time in prison

Amazon.com wants to end ties with Toys R Us

Intel Corp. releases new microprocessor

Some ships may be turned away by U.S.

Washington More than a third of foreign-flagged ships don’t meet international security standards set to take effect Thursday, meaning they won’t be allowed to enter American ports. It’s unclear what impact that will have on commerce. James Carafano, a homeland security expert with the Heritage Foundation, a conservative think tank, said the effect will be negligible because the shipping companies that account for the bulk of goods shipped to the United States will meet the standards. “My guess is it won’t have a serious economic impact,” Carafano said. “The people that really drive the U.S. economy will be in compliance.”