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Latest News

Ambassadors reports loss for quarter, year

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February 5, 2014
Staff Report
Ambassadors Group Inc., the Spokane-based student-travel provider, posted this afternoon a fourth-quarter net loss of $5.5 million, or 32 cents a diluted share, compared with a loss of $10 million, or 58 cents a share, in the year-earlier quarter. The
Read More

Clearwater Paper posts jump in net

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February 5, 2014
Staff Report
Clearwater Paper Corp., the Spokane-based maker of tissue paper and other products, reported this afternoon fourth-quarter net income of $82.7 million, or $3.87 a diluted share, up from income of $19.9 million, or 84 cents a share, in the year-earlier per
Read More

Avista seeks rate hikes in Washington

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February 4, 2014
Staff Report
Avista Corp. announced this afternoon that it has filed a general rate-increase request with the Washington state Utilities and Transportation Commission to increase an average residence's bill by $4.89 a month for electricity and by $5.23 for natural g
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Bankruptcy trend is reassuring sign

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January 30, 2014
Staff Report
The Journal reported earlier this month that the number of bankruptcies filed here fell for the third straight year. The news is the latest evidence that the economy is on the proper path to a full recovery. As unemployment drops and home sales continue
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Providence to add pediatric practice

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January 30, 2014
Staff Report
Providence Medical Group, of Spokane, announced this afternoon that it has agreed to add Pediatric Associates of Spokane, in which five physicians and two nurse practitioners work, to its physician practice. Pediatric Associates is expected to join the
Read More

Sterling Financial reports earnings increase

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January 30, 2014
Staff Report
Sterling Financial Corp., the Spokane-based holding company for Sterling Bank, reported this afternoon fourth-quarter net income of $22.2 million, or 35 cents a diluted share, up from $20.9 million, or 33 cents a share, in the year-earlier period. For
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Moss Adams launches online tax-credit exchange

Firm says traders should make transaction faster
January 30, 2014
Staff Report
Moss Adams LLP, the big Seattle-based accounting and business consulting firm that also operates the largest accounting firm operation here, has launched the Moss Adams Tax Credit Exchange, an online marketplace for buying and selling tax credits. The e
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—Treva Lind

Niche lender in Spokane Valley reports that commercial lending activity is picking up

Company expects its SBA loan volume to rise in '14
January 30, 2014
Treva Lind
Millwood-based Commercial Lending Northwest Inc., a tiny 15-year-old company that provides commercial financing services to businesses, including for bridge and conventional loans, says it expects to see lending growth this year, especially in the packagi
Read More

Take steps now to maximize Social Security benefits

Consider taking deferral, reviewing spousal options
January 30, 2014
Ryan Franklin
As the second largest city in the state with a population of more than 200,000, Spokane has a lot to offer. Last year, Huffington Post ranked Spokane as one of the top 10 cities to retire given the city's weather, affordable housing, and local culture a
Read More
—Katie Ross

Marijuana businesses pose risk to banks—for now

Financial institutions follow federal laws, await clarity
January 30, 2014
Katie Ross
Financial institutions in Washington state are anticipating federal guidance on how best to navigate the precarious issue of state law versus federal law in regard to allowing marijuana businesses access to traditional banking services. That question h
Read More
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