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Latest News

Short selling hurt Sterling, Gilkey says

New regulations allowed specialized trading banned earlier; problems bottoming out
February 26, 1997
Richard Ripley
When the stock of Sterling Financial Corp. plunged recently, it was pushed down in part by short selling allowed under new federal regulations, asserts Harold Gilkey, chairman and CEO of the Spokane-based financial holding company.Short selling
Read More

Leisure Concepts to expand

Hot tub accessory maker now produces plastic parts for motorcycle industry
February 26, 1997
Emily Proffitt
Spokane-based hot tub accessory manufacturer Leisure Concepts Inc. says its building an addition to its industrial facility in Hillyard, and that it also has started a new division that makes plastic accessories for the motorcycle company plans a
Read More

Valley permit values beat pace of Â’07

Totals for Spokane city, county also bolstered by commercial projects
February 26, 1997
Mike McLean
Amid a steep decline in residential construction here, commercial projects are continuing to hold up overall building-permit values in parts of Spokane County, especially in Spokane Valley, where total building-permit values this year through July
Read More

Drug maker here trims exec ranks

Four managers have left Hollister-Stier recently; Jubilant revises oversight
February 26, 1997
Kim Crompton
Indian pharmaceutical giant Jubilant Organosis Ltd., which acquired Hollister-Stier Laboratories LLC about 14 months ago, jettisoned two of the Spokane-based drug makers top executives late last month for undisclosed reasons.It was not a It
Read More

Food costs slam businesses

Suppliers and retailers try to find a balance as prices rise
February 26, 1997
Jeanne Gustafson
Food manufacturers, retailers, and other entities here that provide food say dramatically rising costs are causing them to scramble to manage the increases and stay afloat until they get some relief. Dan Nagy, a partner in Bar NZ Inc., a that a
Read More

Schools eye $332 million in work

Spokane district to ask voters for capital funds in Â’09
February 26, 1997
Emily Proffitt
Spokane Public Schools says it has drawn up a proposed $332 million budget for the next six-year phase of its long-term facility-improvement plan. Projects would include completion of the Ferris High School modernization project, major improvements
Read More

Solid stock strategies for a bear market

Review your portfolio and investment goals, set aside cash, then watch for bargains, experts say
February 26, 1997
Emily Proffitt
A bear market officially has descended upon Wall Street, but rather than play dead or flee in panic, the key to survival for many investors will be to have patience with their portfolios and take advantage of discounts on stocks, financial advisers
Read More

Consumers blind to debt, study shows

Many participants in poll didnÂ’t regard at least one common obligation as debt
February 26, 1997
The greatest risk to financial security during retirement may be the debt consumers dont see today.An online survey of consumers conducted earlier this year found that 46 percent declined to classify as debt at least one common financial such
Read More

Changing landscape of AUTO LOANS

DealersÂ’ lending networks being tapped for bulk of auto loans; small banks back away
February 26, 1997
Mike McLean
As automakers try to entice consumers with low- and no-interest financing on new vehicles amid a slow economy and rising fuel prices, some small banks appear to be backing away from the auto-loan market, while credit unions and some larger banks a
Read More

Tapping into the organic bloom

URM introduces line of organic, natural items labeled Natural Directions
February 26, 1997
Emily Proffitt
As natural and organic products grow in popularity with Spokane-area consumers, food distributors and supermarkets here are stocking more of those items on their shelves and are seeking avenues for growth in that increasingly important niche.In
Read More
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