Latest News

Northwest Farm Credit's earnings rise

Co-op members receive $92 million in patronage

March 10, 2016

Northwest Farm Credit Services has reported 2015 earnings of $255.6 million, an increase of $27.5 million, or 12 percent, compared with $228.1 million in 2014. The Spokane-based agricultural lending cooperative says its higher net income was due mostly

Inland Power reports dip in net margins

Wind, snow storms cost co-op more than $2 million

March 10, 2016

Inland Power & Light Co., the Spokane-based electric cooperative, has posted net margins of $3.2 million for 2015, down 27 percent from $4.4 million in 2014. For the nonprofit co-op, net margins are the equivalent of a for-profit company's net income.

Rockwood Health's parent posts fourth-quarter loss

CEO says results affected by lower patient volumes

March 10, 2016

LeAnn Bjerken

In its year-end financial results, CHS reported a fourth-quarter loss of $83 million, or 73 cents per share, compared with net income of $100 million, or 88 cents per share, in the year-earlier quarter. Revenue in the fourth quarter also fell slightly to

F5 Networks opens second facility in Liberty Lake

Five percent annual growth projected in coming years

March 10, 2016

LeAnn Bjerken

F5 Networks Inc., a Seattle-based maker of computer networking equipment, has opened its second facility in Liberty Lake. The new 28,000-square-foot facility, which opened earlier this month, is set to be F5's largest support center in North America,

Ocean Gourmet Salts: Tapping salts of the sea

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March 10, 2016

Treva Lind

A core line of seasonings for Rathdrum-based Ocean Gourmet Salts originates from deep coastal waters. That's why an ocean theme remains central to the company's marketing, despite its headquarters in land-locked North Idaho. After discovering gourmet

Catholic Charities plans third project for homeless

Nonprofit hopes to start $5 million building in July

March 10, 2016

Mike McLean

Catholic Charities of Spokane hopes to start construction this summer on another 51-unit residential building in the next phase of its Father Bach series of low-income apartments for the chronically homeless. John Fisher, housing development manager for

Venezuela agrees to pay, partner with Gold Reserve

Company awaits receipt of its $765 million award

March 10, 2016

Gold Reserve Inc. says it has entered into a memorandum of understanding with Venezuela that would secure a $765 million award while jointly developing the mine at the center of the legal dispute between the Spokane-based company and the South American na

Paine Hamblen fights old statute in duck-boat crash suit

Seattle tour operator wants wrongful death action tossed

March 10, 2016

A Spokane law firm that filed a wrongful death lawsuit on behalf of the family of a Korean woman killed in last September's Seattle duck boat crash describes a law that attorneys for the tour company are using to try to dismiss the case as racist and xe

Inland Northwest cancer care restructured

Summit network opens new Post Falls location

March 10, 2016

LeAnn Bjerken

Four cancer-care medical practices have restructured and changed their names to Summit Cancer Centers in the latest shifting in cancer care services here. Dr. Arvind Chaudhry, medical oncologist and director of Summit Cancer Centers, says this new integr

Spokane County assessments hit record

Valuations top $40 billion; tax revenue rises 3 percent

March 10, 2016

Mike McLean

The overall property value for Spokane County reached a record level in 2015, finally breaching the earlier crest of 2009, says Byron Hodgson, the county's deputy assessor. Spokane County's total assessed value for 2015 was $40.2 billion, up from $38