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Latest News

—Kevin Blocker

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
Read More

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.
Read More

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
Read More

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.
Read More

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
Read More
Shane Freeman

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,
Read More
—Treva Lind

Ocean Gourmet Salts: Tapping salts of the sea

-
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
Read More

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
Read More

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
Read More
—Kevin Blocker

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
Read More
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