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Latest News

Avista forms new subsidiary

Salix to explore liquefied natural gas markets
June 24, 2014
Staff Report
Avista Corp., of Spokane, announced this morning it has formed a subsidiary, called Salix Inc., to explore domestic markets, specifically wholesale and business-to-business customers in the western U.S., for liquefied natural gas. Robert J. Lafferty, a
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Schweitzer's growth ingredients working

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June 19, 2014
Staff Report
Here's a good recipe for a home-baked business success dish. Start with two cups of education and hard-earned expertise-say, in the field of electrical engineering-and add in a cup of pure entrepreneurial energy and a tablespoon each of business ma
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New brokerage owners buy downtown building

CitiBrokers will occupy 1889 Building in August
June 19, 2014
Mike McLean
Principals forming a new Spokane real estate brokerage have bought a historic three-story building downtown for $1 million. The brokerage, CitiBrokers LLC, plans to occupy a portion of the building when it opens in August, says Aaron Cunningham, one of t
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Accurate financials key when selling a business

Inconsistencies can raise red flags, jeopardize deal
June 19, 2014
Ed Kirk
The market for buying and selling privately held companies has changed substantially during the last few years. The economic downturn significantly reduced sales and profitability of many companies, decreasing the number of companies for sale as would-be
Read More

South Hill retail center aims for up to six tenants

Regal Square has 7,300 square feet of floor space
June 19, 2014
Mike McLean
Construction is complete at a new multitenant commercial building named Regal Square, on Spokane's South Hill. The 7,300-square-foot retail building is located at 5608. S. Regal, about a block beyond the south city limits of Spokane.
Read More

Tougher fraud penalties needed

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June 19, 2014
Don Brunell
Steal $200,000 from a bank, and you'll go to prison. Steal $200,000 from the taxpayers, and you'll probably get a slap on the wrist. A Chicago man was sentenced to more than seven years in prison for stealing $250,000 from a bank. In San Diego, a bur
Read More

Banks face some challenges in moving to the cloud

However, they potentially could reap major savings
June 19, 2014
Francis Tam
Cloud computing is changing the game for both large and small businesses. For many, cloud computing has received a lot of buzz because of its ability to decrease the costs associated with administering an on-site system, meaning less investment in informa
Read More

Bond investors should be preparing for volatility

Long-term rally could be coming to an end soon
June 19, 2014
Michael Maehl
For the last 30-plus years, it hasn't particularly mattered whether you owned bond funds or individual bonds. Helped by falling interest rates, they both delivered consistent income and a counterbalance to stock market volatility. But, with higher rate
Read More
—Katie Ross

Bank of America looks to build on loan growth in Spokane

Institution now employs about 350 people locally
June 19, 2014
Katie Ross
Bank of America Corp., the Charlotte, N.C.-based financial institution, increased its small business loans in Washington state by 22 percent last year and hopes to keep that momentum rolling, says Kurt Walsdorf, Spokane-based senior vice president and mar
Read More

Minimize risk of outliving your investment income

Planning is paramount as retirement dynamics shift
June 19, 2014
Hedley W. Greene and Bruce Pedey
It's 1950 and you are at the 'retirement age” of 65. It's expected that you will retire, and there's more than a gentle hand on your back as you clear out your desk. Social Security has been in place since 1935 thanks to FDR and the New Deale
Read More
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