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Latest News

Potlatch eyes new way to fund spin-off

Company now will have Clearwater tap credit line, take some of its debt
November 6, 2008
Paul Read
Potlatch Corp., the big Spokane-based wood-products concern, says the national credit crisis has forced it to change how it will finance the planned spin-off of its pulp-based operations into a new publicly traded company called Clearwater Paper it
Read More

Mall owner looks to trim big debt load

Parent of NorthTown, Valley, and Silver Lake ousts CEO, to sell assets
November 6, 2008
Kim Crompton
General Growth Properties Inc., the Chicago-based owner of three of the Spokane-Coeur d'Alene area's largest shopping malls, has taken dramatic steps in the last couple of weeks to try to ease a massive debt burden that analysts say is threatening
Read More

Bank reports give insights into economy

Nonperforming assets rise sharply at institutions here as quarterly profits plummet
November 6, 2008
Richard Ripley
Third-quarter earnings reports from Inland Northwest banks are providing insights into the region's economy.One of the most-watched numbers in bank earnings reports for the third quarter, which ended Sept. 30, will be nonperforming how they've a
Read More
—Staff photo by David Cole

Bracing for rise in utility bills

Convergence of rate-boosting forces to impact businesses here
November 6, 2008
David Cole
Babyland Diaper Service here operates two 250-pound dryers and four 115-pound machines—compared with the 15-pound dryers typical in most homes.So when rates for natural gas, which heats the dryers, go up, it hurts, says Dan Anderson, owner a
Read More
—Rendering Courtesy of SRG Partnership Inc.

CCS projects total $155 million

Work on six structures worth $98 million to start in '09
November 6, 2008
Mike McLean
Community Colleges of Spokane is planning roughly $155 million in construction projects, nearly $100 million of which are scheduled to get under way next year, says Dennis Dunham, director of capital projects at the college district.Although some
Read More

In the News: October 23, 2008

October 23, 2008
Oct. 21 / Spokane County selects racetrack operator Spokane County commissioners unanimously selected Midway Muffler & Radiator Inc., headquartered in Fife, Wash., and owned by businessman Bucky Austin, to operate Spokane County Park /
Read More

Small Business Watch: October 23, 2008

October 23, 2008
Former teacher opens tutoring center with focus on mathematics Do The Math, a tutoring center that specializes in mathematics, has opened in a 1,300-square-foot space at 14 E. Mission, says Rae Lynn Westby, the business's says she's &
Read More

Calendar: October 23, 2008

October 23, 2008
October 23 - November 7, 2008 The Journal of Business publishes information about meetings, events, and learning opportunities of interest to the general business community. Submit such items to Ben Rascoff, Journal of Business, 429 E.
Read More

Roth IRA 'recharacterization' can undo tax pounding

Reverting to traditional IRA worth considering if you're facing big hit
October 23, 2008
Dennis Roginski
Converting your traditional IRA to a Roth IRA probably seemed like a good idea when you did it, but unforeseeable economic circumstances may have you regretting that decision now. If so, in some cases there's a way to undo your original conversion
Read More
Array

100-year-old accounting firm shows no signs of slowing

LeMaster Daniels doesn't expect softer U.S. economy to dilute outlook for region
October 23, 2008
Ben Rascoff
Scott Dietzen, CEO of LeMaster Daniels PLLC, says the Spokane-based accounting firm, which is celebrating its centennial anniversary this year, has nearly doubled its annual revenues since 2003, growing from about $24 million to an expected $40 in
Read More
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