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Latest News

Medinex says it wants to liquidate its assets

In SEC filing, Post Falls company lists cumulative losses of hefty $46 million
February 26, 1997
Addy Hatch
Medinex Systems Inc., of Post Falls, says it will ask the U.S. Bankruptcy Court for permission to liquidate its assets. Medinex, which in November filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, says if the it
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Ad-design firm to take Liberty Lake building

Banner Advertising owners buy $1.2 million structure, to move there in March
February 26, 1997
Linn Parish
Spokane business owners Bill and Jane Sauther have bought an office building in Liberty Lake for $1.2 million and plan to move their advertising-production company there.Their company, Sauther & Associates Inc., does business as Banner and for
Read More

AvistaÂ’s Coyote Springs project delayed again

Replacement transformer damaged in transit; analyst affirms earlier ‘buy’ rating
February 26, 1997
Addy Hatch
Avista Corp. just cant catch a break with its joint-venture Coyote Springs 2 power plant, which has been under construction at Boardman, Ore., since 2000. Last May, a transformer at the plant caught fire, delaying the project by several the
Read More

Dreifuses plan to sell buildings

Five downtown structures, including old Sylvan store, to change hands in spring
February 26, 1997
Linn Parish
The Dreifus family, which owns and operates Sylvan Furniture Co., has agreed to sell five buildings it owns on the west 200 block between Riverside and Sprague avenues downtown. Sylvan Furniture had notified customers in a recent letter that to
Read More

Dix builds fish bypass at Rocky Reach Dam

$17 million project is set to be finished in March; crane rehab also in works
February 26, 1997
Linn Parish
Dix Corp., a longtime Spokane contractor, has started work on a $17 million portion of a fish-bypass project at Rocky Reach Dam, which is on the Columbia River near Wenatchee, Wash.The company also is under way on a $345,000 gantry-crane at in
Read More

Bankruptcy filings hit record high here again

Pace likely wonÂ’t subside in 2003, could pick up if legislation sets deadline
February 26, 1997
Linn Parish
For the third straight year, a record number of bankruptcy petitions were filed in Eastern Washington in 2002. The trend, experts say, is expected to continue this year.Last year, businesses and consumers filed 10,154 petitions seeking from in
Read More

Diving for sunken ‘treasure'

Pend Oreille Pines
February 26, 1997
Addy Hatch
SANDPOINT, IdahoIt all started in 1982 when Don and Kim Cox were sitting around, bored, on a frigid winter day. In a moment of insanity er, inspiration the Sandpoint couple, both scuba-diving enthusiasts, decided to don their gear and
Read More

Health plan rate hikes roll

Employers here are seeing increases mostly between 15 percent and 20 percent
February 26, 1997
Kim Crompton
Many Spokane-area businesses are seeing their health-plan costs rise this year by at least the same double-digit percentage rate as last year and in some cases are being hit with even larger hikes. Representatives of several of the Inland plans
Read More

Race to be regional bank is on

Sterling, Washington Trust among players that strive to be much bigger someday
February 26, 1997
Richard Ripley
Before larger institutions vacuumed up Seafirst Bank and Rainier National Bank in the frenzied industry consolidation several years ago, the two banks commanded two-thirds of the lucrative mid- to upper-market commercial-banking business in and as
Read More

Honeywell beefing up here

Company expects to add about 60 jobs locally this year in consolidation move
February 26, 1997
Kim Crompton
The additional hires will equate to roughly a 10 percent staffing increase here for Honeywell, whichwith the equivalent of about 600 full-time employees at two locationsis one of Spokane Countys largest manufacturers. The anticipated hires a
Read More
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