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Thursday, February 20, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: business

Top 6 at Future Business Leaders regional conference advance to state

High school FBLA students

Washington regulators approve Frontier Communications sale

The Washington State Utilities and Transportation Commission recently approved a settlement in the sale of Frontier Communications to Northwest Fiber LLC.

U.S. wholesale prices up 0.5% in January, most since late 2018

U.S. producer prices climbed last month at fastest pace since October 2018 as higher prices for services more than offset a drop in the cost of energy.

U.S. home construction dips 3.6% in January

Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years.

UPDATED: Wed., Feb. 19, 2020

U.S. judge dismisses Huawei suit over government contracts ban

A federal judge in Texas has dismissed Chinese tech giant Huawei’s lawsuit challenging a U.S. law that bars the government and its contractors from using Huawei equipment because of security …

UPDATED: Wed., Feb. 19, 2020

Burger King breaks the mold with new advertising campaign

The burger chain is portraying its Whopper covered in mold in print and TV ads running in Europe and the U.S. The message: Burger King is removing artificial preservatives from …

Amazon ramps up hiring for new Spokane fulfillment center on the West Plains

Hiring is underway for several lead positions at Amazon’s new fulfillment center on the West Plains.

UPDATED: Wed., Feb. 19, 2020

Redfin: Spokane among four metro areas primed for growth in next decade

Redfin, in a recent report, indicated Spokane; Las Vegas; Charlotte, North Carolina; and Orlando, Florida, will be the most attractive metros for homebuyers in the next decade because of affordability …

Franklin Resources buying Legg Mason for $4.5 billion

SAN MATEO, Calif. – Franklin Resources is buying rival investment manager Legg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for …

UPDATED: Tue., Feb. 18, 2020

Stocks fall on Apple revenue warning; Dow drops 165

U.S. stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks.

Spokane-area Boeing suppliers begin to feel pinch of 737 Max grounding

As Boeing’s wait for federal approval for updates to troubled 737 Max grows longer, the trickle-down effect continues to strain several smaller Spokane-based companies that contract for everything from the …

Former Spokane Arena management pair start event and entertainment company

Matt Gibson, former general manager of the Spokane Arena, has launched the Silverscout with Becca Watters, also a former Arena employee.

Apple warns China virus will cut iPhone production, sales

Apple Inc. is warning investors that it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.

Jeff Bezos commits $10 billion to fight climate change

Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.

Zuckerberg meets EU officials as bloc’s new tech rules loom

Facebook CEO Mark Zuckerberg met top European Union officials on a visit to Brussels on Monday, days before the bloc is expected to release new proposals on regulating artificial intelligence.

UPDATED: Mon., Feb. 17, 2020

Pier 1 files for bankruptcy protection amid online challenge

Associated Press

French TGV maker Alstom in talks to buy Bombardier rail unit

French train maker Alstom has announced an multibillion-euro offer to buy the rail business of Canadian engineering firm Bombardier, as it tries to bulk up to compete with big rivals, …

Area employment continues upward march; more growth predicted

Spokane County’s unemployment rate dropped as more than 4,600 jobs were added in 2019, according to the Washington State Employment Security Department.

The Dirt: Spokane Youth Sports Association presses forward with proposed sports complex in South Hill’s Glenrose area

The Spokane Youth Sports Association filed additional documents to support a decade old environmental review for a proposed youth sports complex in the Glenrose neighborhood.

Chardonnay in the shoe department: Retailers are increasingly serving alcohol to woo shoppers

Across the country, shopping centers, malls and such major chains as Nordstrom, Crate & Barrel, Whole Foods and Giant are increasingly allowing – even encouraging – customers to imbibe while …

Week Ahead

Conventions 2020 Northwest Food and Beverage World – Food Northwest, today-Thursday, Spokane Convention Center, 4,000 attendees.

Motley Fool: Microstrong

Microsoft has the brand recognition, network-effect advantage and resources to continue winning in the markets it serves.

Business Beat

Banking Banner Bank has hired Monica Lay as a mortgage loan officer serving the Spokane area. She has nearly 30 years of experience in the mortgage industry, specializing in first-time …

UPDATED: Sat., Feb. 15, 2020

Kitty Cantina secures location, plans April opening

Co-owners Justyn and Tori Cozza plan to open doors on The Kitty Cantina: A Cat Café in April, after the husband-and-wife team secured a location at 6704 N. Nevada St. …

UPDATED: Sat., Feb. 15, 2020

Starbucks closing South Hill store

Starbucks is closing one of its South Hill stores later this month.

US retail sales up a modest 0.3% in January

U.S. retail sales rose a modest 0.3% in January, a slight improvement over December, as unseasonably warm weather boosted sales at hardware stores and furniture stores.

UPDATED: Fri., Feb. 14, 2020

US manufacturing output hit by Boeing troubles, slips 0.1%

U.S. manufacturing output fell slightly in January, driven lower by Boeing’s decision to halt production of its troubled 737 Max aircraft.

Oregon landfill took 2M pounds of radioactive fracking waste

ARLINGTON, Ore. – A chemical waste landfill near the Columbia River in Oregon accepted hundreds of tons of radioactive fracking waste from North Dakota in violation of Oregon regulations that …

Facebook reverses on paid influencers after Bloomberg memes

Facebook decided Friday to allow a type of paid political message that had sidestepped many of the social network’s rules governing political ads, in a reversal that highlights difficulties tech …

UPDATED: Fri., Feb. 14, 2020

Empire Eye Physicians looks to build new clinic in Spokane Valley

Spokane-based Bernardo|Wills Architects has applied for permits on behalf of Empire Eye Physicians to build a 14,000-square-foot eye clinic and parking structure at 16010 E. Indiana Ave., adjacent to My …