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IntelliTect owners quietly build charitable legacy

Valley business funnels big portion of profits to causes

March 10, 2016

Mark and Elisabeth Michaelis, owners of IntelliTect Corp., a high-end software architecture and development company based in Spokane Valley, have made philanthropy-and particularly the fight against injustice and extreme poverty-a key element of their

A word to the young: Save lots, spend a whole lot less

Bad money habits span generations, advisers say

March 10, 2016

Spokane-area financial advisers say they have become more assertive in their efforts to help young workers build savings while planning for retirement. 'What's the biggest challenge for young people saving for retirement? In a word, life,â€ says Pau

Northwestern Mutual-Inland Northwest to grow

Company's new managing partner says demand for financial help is high

March 10, 2016

In an effort to meet rising customer demands for its products and services here, Northwestern Mutual-Inland Northwest expects to add 30 new advisers and 30 interns this year across its nine regional offices, managing partner Paul Hanson says. 'Consumer

Modern Electric undergoes change in leadership

Longtime GM Baker retires from utility

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.

Northwest Farm Credit's earnings rise

Co-op members receive $92 million in patronage

March 10, 2016

LeAnn Bjerken

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