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Latest News

Safeco will cut 65 jobs in Spokane

Two departments are being eliminated from local office, but a third will grow slightly
February 26, 1997
Adrienne C. Dellwo
Seattle-based Safeco Corp. says it plans to cut a net of 65 jobs in Spokane as part of a companywide restructuring. Returning to profitability is the main objective, says Dan Antonietti, assistant vice president of human resources in Spokane
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Medinex trims losses, announces sale of unit

Second-quarter report reiterates doubts about Internet companyÂ’s future
February 26, 1997
Addy Hatch
Medinex Systems Inc., an Internet company that recently moved to Coeur dAlene from Post Falls, has announced a second-quarter net loss of $1.4 million, or 12 cents a share, an improvement over the $7.2 million loss it posted in the year-earlier a
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Texan buys Old City Hall for $7 million

After vacant space is filled, downtown property sells for above the asking price
February 26, 1997
Linn Parish
After a brief bidding war, Texas real estate investor James F. Cotter has bought the Old City Hall building in downtown Spokane for $7 million, or $115,000 more than the asking price.Dave Black, CEO of Spokane-based Tomlinson Black Commercial it
Read More

Metropolitan Mortgage returns to profitability

Company still shows loss from operations, but uses tax benefit to record gain
February 26, 1997
Kim Crompton
Metropolitan Mortgage & Securities Co., of Spokane, has returned to profitabilityat least on paperfollowing a business downturn that led to several consecutive quarters of financial losses, extensive job cuts, other cost-slashing measures, and
Read More

East Coast biotechnology startup likely headed here

Manufacturer of equipment for pharmaceutical industry hopes to employ 50 in 2002
February 26, 1997
Paul Read
A young, Pennsylvania-based biotechnology company named MatriCal Inc. says it has all but decided to move to Spokane, probably by the end of this year.The company, which is located just outside of Philadelphia but also has small manufacturing in
Read More

A day care without diapers

Play-N-Stay Doggie Day Care
February 26, 1997
Adrienne C. Dellwo
At whats about to become Spokanes newest day-care center, youll find some common things: lots of toys, a special time-out area, and a mandatory naptime. Whats uncommon about this center, however, is who will playing, misbehaving, and of all
Read More

KMC eyes $24 million growth plan

Coeur dÂ’Alene hospital could add parking garage, 87,000 square feet of space
February 26, 1997
Addy Hatch
COEUR DALENEKootenai Medical Center is considering a $24 million expansion plan that would include adding about 87,000 square feet of floor space and a 400-stall parking garage at the busy North Idaho hospital in coming years.In the near the
Read More

Furniture market rearranged

Out-of-state retailers hit Spokane area after others close doors or leave town
February 26, 1997
Linn Parish
Though comfortably quiet through much of the late 1990s, Spokanes retail furniture market has been getting a new look recently.Two out-of-state players, Furniture Row Cos. and Hacienda Furniture, have opened stores in the Spokane area, into a
Read More

Growing SEL expands reach

Topping $100 million in sales, Pullman-based manufacturer adds new products, marketplaces
February 26, 1997
Rob Strenge
PULLMAN, Wash.With continued strong performance in the domestic electric-utility market, Schweitzer Engineering Laboratories Inc. will surpass $100 million in sales this year and says it could grow much larger as it wades deeper into sales and in
Read More

Potlatch gains ground on costs, analyst says

D.A. Davidson revises projected earnings upward, zeroes in on energy savings
February 26, 1997
Richard Ripley
Potlatch Corp., which has posted net losses for five successive quarters, has made significant gains in curbing its costs, a securities analyst says.Even though the Spokane forest-products company posted a loss of 35 cents a share for the second
Read More
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