Spokane Journal of Business

Special Report

Accounting standards can sway lawsuits

Disgruntled shareholders are more likely to sue firms that use principles-based accounting standards instead of rules-based standards, according to a recent study by a University of Iowa accounting researcher.The study, by Richard Mergenthaler,...

Gen X, gen Y retirement accounts swell, firm says

Third-quarter 2012 data for defined-contribution plans administered by Springfield, Mass.-based MassMutual Financial Group show that, combined, generation X and generation Y participants now account for 55 percent of the company's participant with...

Viren & Associates focuses on diverse financial advice

Viren & Associates focuses on diverse financial advice

Viren & Associates Inc., a Spokane-based financial planning and employee benefits advisory company, has remained viable for almost 20 years by diversifying the services it offers clients, says Paul Viren, managing principal there. Viren, who in...

FDIC-insured institutions' profits rise

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported aggregate net income of $37.6 billion in the third quarter of 2012, a $2.3 billion—or 6.6 percent—improvement from the $35.2 billion in the...

C&I lending in Spokane begins to rebound

C&I lending in Spokane begins to rebound

As the economy tentatively improves and businesses begin to increase sales and rebuild inventory, commercial-and-industrial lending also is on the rise, some lenders here say.Spokane-based Sterling Bank and the Spokane operations of U.S. Bank, a...

SNAP Financial Access makes big gains with micro loans to refugees

SNAP Financial Access makes big gains with micro loans to refugees

Greg Franson, of SNAP Financial Access, and World Relief Spokane's Ivan Yerebakan have worked in tandem for years on a program meant to kick-start small businesses operated by refugees that find themselves relocated to Spokane.The development or...

Walker tackles two projects in Othello

Walker Construction Inc., of Spokane, has started work on two jobs for the Othello School District that have a combined value of $2.7 million. Othello is located about 120 miles southwest of Spokane, between Moses Lake and the Tri-Cities. The a...

Office-retail structure rises along Newport Highway

Office-retail structure rises along Newport Highway

Genesis Construction & Development Inc., of Spokane, has started work on a 5,300-square-foot, $664,000 office and retail building in North Spokane.Bob Bennie, owner of Genesis Construction, says the single-story structure located at 11402 N. in...

New streetlights planned on I-90 section downtown

The Washington State Department of Transportation plans to replace streetlights along roughly three miles of Interstate 90 between Liberty Park and the Latah Creek bridges, says Al Gilson, spokesman for DOT's eastern region.Two federally funded...

Cheney industrial center certified as shovel ready

Cheney industrial center certified as shovel ready

The 38-acre Cheney Industrial & Commerce Park has gained a third-party certification that it is development ready, with roads, utilities, and other infrastructure in place for businesses that want to locate facilities there. With the recent city...

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