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Latest News

Intermountain reports earnings fall 91 percent

Nonperforming assets shoot up to $22.7 million; company cuts personnel
November 6, 2008
Intermountain Community Bancorp, of Sandpoint, has reported third-quarter earnings of $226,000, or 3 cents a share, down almost 91 percent from $2.4 million, or 38 cents a share, in the year-earlier quarter.The company also has had a reduction a
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Davidson cuts estimates of Sterling's 2008, 2009 profits

Analyst's report points out nonperforming assets grew by $133 million in quarter
November 6, 2008
Richard Ripley
A regional securities brokerage has slashed its estimates for Sterling Financial Corp.'s earnings in 2008 and 2009.The Great Falls, Mont.-based brokerage, D.A. Davidson & Co., says that "subdued" loan growth, pressure on net interest margin, and
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—Staff photo by Mike McLean

Without sales IPOs, venture capital to slow

Angel funds also need the companies they invest in to take next step, free up capital for others
November 6, 2008
Mike McLean
Venture capitalists here say that if the companies they invest in don't go public or get acquired with greater frequency than they are today, they could face a drought in available capital to invest in new ventures. That, they say, would be too to
Read More
—Staff photo by Jeanne Gustafson

Preaching calm IN CRISIS

Financial institutions scramble to reassure customers
November 6, 2008
Jeanne Gustafson
As consumers and investors digest a barrage of bad economic news, banks, credit unions, and securities brokerages here are scrambling to reassure their own customers and to pick up new ones who might be fleeing weaker institutions.Industry say a
Read More

Labyrinth replaces glass ceiling for career-minded women

Despite big social changes, obstacles to advancement still are sizable, book says
November 6, 2008
The glass ceiling—the once ubiquitous metaphor referring to a subtle barrier built upon biases that block women from the highest positions of leadership—doesn't apply today, a book released earlier this year contends.The book is titled
Read More

Developmentally disabled workers show their stuff

More business representatives participate in event focused on hiring disabled workers
November 6, 2008
David Cole
More businesses learned about the benefits of employing people with mental and physical developmental disabilities at a recent annual Hire Ability Day event here, conducted the last five years to boost such hiring, the event's primary organizer who
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State's online school system draws scrutiny

Oversight of tax-funded programs trails other states' efforts, report says
November 6, 2008
Clay Holtzman
Washington's growing online school system is less regulated than in other states, and legislators may need to decide whether the state should take a more active oversight role, according to a recent state Senate report.The report, requested by a
Read More
—Staff photo by Jeanne Gustafson

Program for American Indians evolves

Initial funding stream for Gonzaga degree set to be phased out; pool of students broader
November 6, 2008
Jeanne Gustafson
Gonzaga University says a graduate-level business program it launched eight years ago to prepare American Indians to teach entrepreneurship at tribal colleges is evolving as it attracts a broader mix of participants and faces funding three-year in
Read More
—Staff photo by Mike McLean

Knowledge-transfer strategies help plug generation gaps

Expected boomer exodus raises desire to nurture next leaders
November 6, 2008
Mike McLean
As they brace for an expected exodus of baby boomers, some large employers here hope to transfer corporate knowledge to younger employees via methods ranging from internal leadership grooming to posting in-house communications on YouTube.Diane a
Read More

Deer Park contractor lands two big repair jobs at dams

Knight Construction tapped for heavy work valued at $2.6 million
November 6, 2008
Mike McLean
Knight Construction & Supply Inc., of Deer Park, has landed two dam-repair contracts with a combined value of about $2.6 million.One project is under way to repair damages on a gate on a navigation lock on the John Day Dam on the Columbia River,
Read More
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