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Wednesday, August 21, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: business


UPDATED: Wed., Aug. 21, 2019, 8:24 p.m.

Amazon’s strategy to win over congressional critics: Tours of its giant warehouses

From the White House to the campaign trail for the Democratic presidential nomination, politicians have found a popular punching bag in Amazon, accusing the retail giant of paying subsistence wages …


UPDATED: Wed., Aug. 21, 2019, 7:59 p.m.

China’s warning to global CEOs: Toe the party line on Hong Kong

As anti-government protests in Hong Kong intensified this month, KPMG issued a directive to its employees in the city: Don’t speak on behalf of the company in public. It went …


UPDATED: Wed., Aug. 21, 2019, 5:39 p.m.

U.S. home sales rose 2.5% in July, aided by low mortgage rates

U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying.


UPDATED: Wed., Aug. 21, 2019, 11:50 a.m.

Solid earnings from major U.S. retailers drive stocks higher

U.S. stocks marched broadly higher in midday trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers.


Investigation of reporter’s weekend inquiries stokes ire

Journalists are defending a small Oregon newspaper after a county attorney asked the sheriff to investigate whether a reporter broke the law by trying to get comments from a government …


U.S. has 501,000 fewer jobs than first reported

The U.S. job market isn’t quite as strong as originally believed – with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported.


UPDATED: Tue., Aug. 20, 2019, 5:57 p.m.

Department stores make room for used fashion

As department stores watch their customers flock to secondhand stores, some are trying to bring them back by partnering with online resale sites.


Nike signs merchandising agreement with New York City

Sneaker giant Nike will sell New York City-branded merchandise under a two-year licensing agreement.


Monopoly maker Hasbro to cut plastic use in toy packaging

The toy maker said Tuesday that all its packaging for new products will be mostly plastic free by the end of 2022. It plans to stop using plastic bags, elastic …


UPDATED: Tue., Aug. 20, 2019, 2:40 p.m.

Spokane County’s unemployment rate increases slightly in July to 5.6%

Spokane County’s unemployment rate increased slightly in July over the prior month because of a seasonal drop in education and firefighting jobs.


UPDATED: Tue., Aug. 20, 2019, 2:19 p.m.

Boeing will hire hundreds at Moses Lake

Boeing said Tuesday it will begin hiring a few hundred temporary employees at Moses Lake to work on the grounded 737 Max fleet and prepare the planes for return to …


UPDATED: Tue., Aug. 20, 2019, 4:11 p.m.

U.S. airlines expect record crowds over Labor Day weekend

Airlines expect record crowds over the week-long Labor Day period, continuing a rise in travel that has boosted the airlines’ profits all year.


Apple targets Apple TV+ launch in November, weighs $9.99 price after free trial

The company will introduce a small selection of shows and then expand its catalog more frequently over several months, people familiar with the matter said. A free trial is likely …


UPDATED: Tue., Aug. 20, 2019, 4:35 p.m.

Eddie Bauer to shut down its Midwest call center, send jobs overseas

In yet another example of a beloved Northwest retailer trying to turn itself around, Eddie Bauer will shutter a call center near Columbus, Ohio, and eliminate 111 jobs there in …


UPDATED: Tue., Aug. 20, 2019, 5:02 p.m.

Major U.S. stock indexes finish lower, snapping a 3-day rally

Stocks fell broadly on Wall Street Tuesday after another slide in bond yields and a mixed batch of corporate earnings weighed on the market.


UPDATED: Tue., Aug. 20, 2019, 4:26 p.m.

Facebook rolls out tool to block off-Facebook data gathering

Facebook is launching a long-promised tool that lets you block the social network from gathering information about you on outside websites and apps.


UPDATED: Wed., Aug. 21, 2019, 7:57 p.m.

A ‘pivotal year’: New Nordstrom NYC Flagship store part of a huge bet on the the company’s future

In just over two months, Nordstrom executives and other luminaries will descend on midtown Manhattan to christen one of the largest, most ambitious projects in the company’s 118-year history – …


UPDATED: Mon., Aug. 19, 2019, 4:33 p.m.

CEO pay in last four decades grew 940.3% while average worker up 11.9%

CEO pay in the past four decades has grown 940.3% while the pay of an average worker increased 11.9% over the same time period.


UPDATED: Mon., Aug. 19, 2019, 5:04 p.m.

Target to replace Archer Farms, Simply Balanced with new flagship food brand

Target is making its biggest play in grocery in years with the launch of a new flagship private-label food brand that will completely replace Target’s Archer Farms and Simply Balanced …


Union wins first step against Boeing over fired workers

A union will get to press its claims that Boeing illegally fired workers at a plant in South Carolina because they backed the union.


UPDATED: Mon., Aug. 19, 2019, 3:41 p.m.

Top U.S. CEOs rethink the meaning of shareholder value

A new principles on the role of a corporation released Monday implies a foundational shift, putting shareholders on more equal footing with others that have an interest in a corporation …


UPDATED: Mon., Aug. 19, 2019, 4:13 p.m.

Technology companies drive a broad rally on Wall Street

The surge in tech stocks followed a decision by the U.S. to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmakers including Qualcomm, Intel …


74% of economists in survey see U.S. recession by end of 2021

A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. …


UPDATED: Mon., Aug. 19, 2019, 4:41 p.m.

U.S. extends limited reprieve on tech sales to China’s Huawei

The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the …


From ‘ghost town’ to thriving development hub, former Post Falls outlet mall finds new life

When the Post Falls Factory Outlets opened in 1991, city officials and business leaders stated it would bring economic prosperity to the region. But as the Great Recession created a …


Front & Center: Accident in military leads to career in prosthetics, orthotics

Jim Cahill says his “being in the wrong place at the wrong time” led to the right career. But he doesn’t recommend that route.


‘Blockhouse’ residential development planned in South Perry district

A 14-unit “blockhouse” development on a half-acre of land behind South Perry Pizza and Perry Street Brewing in the East Central neighborhood has been issued permits to begin construction.


Business Beat

Banking Mountain West Bank has promoted Ann Thomas to commercial lender and vice president of professional banking at the bank’s Coeur d’Alene commercial lending center. Thomas serves on the boards …


Tom Kelly: Mother-in-law units helpful, but check requirements

While building codes vary, many jurisdictions allow one accessory dwelling unit per single-family residents.


Motley Fool: A growing giant

If you want a company good at adapting to shifting trends over decades, consider Amazon.com