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Latest News

Analyst cuts estimate of AvistaÂ’s net

D.A. Davidson maintains neutral rating on shares
February 26, 1997
Linn Parish
D.A. Davidson & Co., a Great Falls, Mont.-based stock brokerage, has lowered its estimate for Avista Corp.s earnings for 2002, based on a recent court judgment against the Spokane energy company.In a report on Avista released last week, D.A.
Read More

Cantu buys Valley land, eyes new office building

Structure would be near year-old Mullan Centre; work could start in spring
February 26, 1997
Linn Parish
Cantu Investments LLC, of Spokane, has bought just over an acre of vacant land along Mullan Road in the Spokane Valley and is considering developing of a new office building there.Commercial real estate broker Dan Cantu, who is part-owner of on
Read More

Interface to reduce its training operations here

Economic downturn forces Spokane computer school to close Valley location
February 26, 1997
Kim Crompton
Interface Computer School plans to close its Spokane Valley training center, one of three it operates here, due to a downturn in enrollment.Dave Wilson, who owns the Spokane-based business with his wife, Linda, says the school plans to vacate a
Read More

Furniture outlets here to shut down

Canadian-based United Furniture Warehouse to close 30 U.S. stores
February 26, 1997
Kim Crompton
United Furniture Warehouse, a Canadian-based 155-store discount chain, has decided to close its two Spokane stores and one in Moses Lake as part of a big consolidation of its struggling U.S. operations, company President John Volken says.The at
Read More

Wine distributor here to move, double space

VehrsÂ’ relocation to SBIP, after 20 years at Ella park, will allow it to consolidate
February 26, 1997
Linn Parish
Vehrs Inc., a Spokane wholesale wine distributor, has leased 50,000 square feet of office and warehouse space in the Spokane Business & Industrial Park and plans to move its operations there from smaller quarters in the Valley. Vehrs President
Read More

Logan Industries quickly emerges from Chapter 11

Electronics manufacturer reaches pact with lender; judge dismisses the case
February 26, 1997
Paul Read
Logan Industries Inc., the Spokane contract electronics manufacturer that filed for Chapter 11 bankruptcy protection last spring, has emerged from that reorganization filing after resolving a dispute with a key lender.U.S. Bankruptcy Court John
Read More

Ruby Street Ruins stops traffic

Ruby Street Ruins
February 26, 1997
Adrienne C. Dellwo
You know that shop at the corner of Ruby and Mission? The one with antique dressers on the sidewalk, along with the Statue of Liberty, a big green alligator, and 13-foot tall Grecian urns? It gets a lot of attention from people stopped at the a
Read More

Biomedex starts drug mixing unit

FirstPharma subsidiary will do compounding of specialty medicines
February 26, 1997
Paul Read
Biomedex Inc., a young Spokane biotech company, has launched a subsidiary here that will do pharmaceutical compounding for both consumers and health-care providers.The subsidiary, called FirstPharma, will be located within Biomedexs in the a
Read More

Driving schools eye ‘tidal wave’

Price hikes, program cuts in public schools to boost private driverÂ’s education outlets
February 26, 1997
Addy Hatch
Commercial driver-education schools here are expecting a wave of new business this fall as local school districts hike the prices they charge for drivers training or drop those programs altogether.To handle the anticipated demand, one local a
Read More

Battered Telect dusts itself off

Manufacturer expects return to 30 percent annual growth rate, though when isnÂ’t clear
February 26, 1997
Paul Read
When Telect Inc. celebrated its 15th anniversary five years ago next month, the gala affair in the Opera House downtown celebrated a big expansion of its Liberty Lake campus, the opening of a new plant in Mexico, and the expectation that its annual
Read More
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