Davenport to open, run its own salon and spa

Instead of finding an outside operator, the Davenport Hotel will open its own spa and salon on the lower level of its historic downtown building.

Earlier this summer, Spa Paradiso announced it is relocating to a new location in the Kendall Yards development.

Davenport owner Walt Worthy decided the hotel would open its own spa in the same spot, after some remodeling.

He announced the new spa and salon will open Sept. 4.

It will be in the 98-year-old Pompeian Room of the grand hotel. For many years the spot was the location of the Davenport’s barber shop.

Worthy, in a news release, said the spa will provide a high-quality experience “at a great price.”

The release noted that the expansion will add 30 full- and part-time jobs.

Condon names ex-CEO to airport board

Spokane Mayor David Condon has appointed Kris Mikkelsen to fill a vacancy on the Spokane Airport Board.

Mikkelsen is the retired former CEO of utility Inland Power & Light. The city council is expected to confirm her appointment at its Monday meeting in City Hall.

“I am pleased that Kris has volunteered to serve in this capacity,” said Condon in a news release. “She brings a keen business sense and an understanding of our community to this important board.” 

In addition to her career at Inland Power, Mikkelsen also is an Eastern Washington University trustee and volunteers for a number of area groups.

She will fill the seat vacated when David Brukhardt took a job with the University of Wisconsin.

The term on the board expires Dec. 31, 2014.

Wells Fargo settles for $6.5 million

WASHINGTON – Wells Fargo’s brokerage firm has agreed to pay $6.58 million to settle federal civil charges that it failed to adequately inform investors about the risks tied to mortgage securities it sold.

The Securities and Exchange Commission says Minneapolis-based Wells Fargo Brokerage Services improperly sold the high-risk investments to cities and towns, non-profit institutions and other investors in 2007, when the housing bust was under way.

The firm, now called Wells Fargo Securities and based in Charlotte, N.C., is paying a $6.5 million civil fine and $81,571 in restitution plus interest in the settlement announced Tuesday.

San Francisco-based Wells Fargo & Co., the fourth-largest U.S. bank by assets, neither admitted nor denied wrongdoing.

Beckham back in new H&M underwear ads

NEW YORK – David Beckham says he’s in the underwear game for the long haul, looking forward to advancing his bodywear partnership with H&M.The English soccer star’s second set of ads for his branded collection launches Thursday. The ads will coincide with a “statue stunt” planned by the retailer with larger-than-life Beckhams going up in New York, Los Angeles and San Francisco.

New products will be added to the collection later this fall.

Beckham says he’s pleased with consumer reaction to the line and its ad campaign.

“I’m very happy that so far people seem to like it and the first season was incredibly successful. The challenge is to keep it going and establish a brand that will last many years. That is my ambition,” he wrote in an email to the Associated Press.