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Latest News

—Staff photo by Chey Scott

The profit and loss of snow

Heavy winters help snow removal services, hurt other businesses
December 16, 2010
Chey Scott
The record snowfall total of close to 30 inches last month kept snow removal companies in the Inland Northwest busy clearing parking lots, sidewalks, and driveways, but caused some headaches, budget and otherwise, for other businesses here. And at
Read More
—Journal file photo

Ormet ends pact to buy Kaiser Mead

Ohio concern to continue discussing possible transaction
December 16, 2010
Kim Crompton
Ormet, Corp., a Hannibal, Ohio-based aluminum producer, has terminated a tentative agreement to buy the shuttered former Kaiser Aluminum Corp. Mead Works smelter property north of Spokane.In a brief news release announcing the action, the said,
Read More

Choosing where to invest hypothetical $10,000 in 2011

Experts' choices reflect brighter outlook, favor stocks mostly over bonds
December 16, 2010
Personal Investing
How would you invest $10,000 in the coming year?We pose that question annually to a panel of investment experts.For 2010, funds based on select stock indexes have dominated the successful choices.For example, the recommendations of Sheldon
Read More

In the News: December 16, 2010

December 16, 2010
Dec. 14 / Employment dips in November here Some 208,500 people held nonagricultural wage and salary jobs in the Spokane area in November, down by 600 from the November 2009 level, but up by 400 from October, preliminary state figures 9
Read More

Calendar: December 16, 2010

December 16, 2010 - January 13, 2011
December 16, 2010
Meetings & Events The Spokane Valley Chamber of Commerce will host a Business Connections Breakfast on Friday, Dec. 17, at the Mirabeau Park Hotel & Convention Center, 1100 N. Sullivan, in Spokane Valley. The program, Season of will a
Read More

Volatile financial markets beckon beginning investors

'Buy low, sell high' advice makes current low ebb feel like opportune time
December 2, 2010
Andrew Leckey
Will beginners rush in where veterans refuse to tread?The exodus from financial markets by many weary investors who have lost both courage and money is understandable. They need a timeout.Continued market volatility, however, also has a on be
Read More

Average 401(k) balance rose nearly 32 percent last year

Report finding pertained to 'consistent' participants; loan activity also climbed
December 2, 2010
The average 401(k) retirement account rose 31.9 percent in 2009, says a report released last month by the Employee Benefit Research Institute and the Investment Company Institute that analyzed a group of "consistent" participants.The rise in was
Read More

Wealth firms ready to fight for top talent

Competition looks likely to rise as post-meltdown era begins to take shape
December 2, 2010
After two years of contraction, hiring in the asset- and wealth-management industry rebounded worldwide in 2010, and compensation is set to show modest gains, says a new report by New York-based global executive search and assessment firm Russell
Read More
—Staff photo by Mike McLean

Advisers plan varied routes to navigate choppy market

While world events affect markets, consultants differ on response
December 2, 2010
Mike McLean
With recent news about European debt woes, a currency cold war between the U.S. and China, and bad loans piling up in India, uncertainties have sent worldwide securities markets on a roller-coaster track. In a reflection of that turbulence, advice
Read More
—Staff photo by Chey Scott

Financial advice for workers

Along with 401(k)s, employers offer range of tools to help workers invest money wisely
December 2, 2010
Chey Scott
Most people know that many employers here provide their workers with a 401(k) retirement account, but what is less known is how much employers do to help workers succeed in reaching their retirement saving goals.Among those services are online a
Read More
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