Finance Dept. settles Nardone securities fraud case 
POSTED: Friday, February 3, 2012 at 10:17 PM PTBY: Brad Carlson
Tags: Idaho Department of Finance
The Ada County Fourth District Court entered a final judgment and permanent injunction against New York resident Louis C. Nardone III after Nardone agreed to settle a securities fraud lawsuit brought by the Idaho Department of Finance.
Nardone stipulated to a money judgment for $117,446 and agreed to make regular payments benefiting about two dozen Idaho [...]
Many witnessed crash that killed Micron’s Steve Appleton
POSTED: Friday, February 3, 2012 at 04:26 PM PTBY: Brad Carlson
The plane crash that killed Micron CEO Steve Appleton on the morning of Feb. 3 was observed by an array of witnesses, and that will help National Transportation Safety Board investigators in the coming weeks and months as they try to determine what happened.
NTSB got a call from the airport at about 9:15 am that [...]
Commerce Department steps into solar trade war with China
POSTED: Friday, February 3, 2012 at 11:07 AM PTBY: Lindsey O'Brien
Tags: American Solar Manufacturing, Coalition for Affordable Solar Energy, U.S. Department of Commerce, U.S. International Trade Commission
The trade war between U.S. solar manufacturers and China continues to blaze, and Jan. 30 the U.S. Department of Commerce stirred up more controversy with its announcement that any duties levied by the U.S. will be charged retroactively.
The SolarWorld-led Coalition for American Solar Manufacturing celebrated the ruling, a response to what Commerce Department called “critical-circumstances” [...]
Out-of-work employment plaintiffs fueling rise in whistleblower claims
POSTED: Friday, February 3, 2012 at 10:05 AM PTBY: Sylvia Hsieh
With more attention being given to corporate rule-breaking and stronger laws supporting those who report it, employment lawyers are seeing more workers claiming that they lost their jobs because they complained about wrongdoing in the workplace.
While special federal laws like Sarbanes-Oxley and Dodd-Frank protect whistleblowers in specific industries, employment lawyers say workers in all types [...]
Business Briefs
POSTED: Friday, February 3, 2012 at 10:01 AM PTBY: IBR Staff
Idaho panel recommends spending $5.7 million in tobacco settlement money on treatment programs
State lawmakers want to use $5.7 million from a nationwide tobacco settlement for smoking cessation programs and substance abuse treatment.
Idaho gets money annually from the 1998 settlement with the nation’s five largest tobacco companies. The money goes into an account called the “Millennium [...]
MWI Veterinary Supply beats expectations in quarter
POSTED: Thursday, February 2, 2012 at 12:46 PM PTBY: Brad Carlson
Boise-based MWI Veterinary Supply Inc. reported net income of $13.2 million or $1.92 per share for its fiscal first quarter ended Dec. 31, up 21.9 percent from $10.8 million or 87 cents per share a year earlier. Revenue grew by 26.1 percent to $461.9 million, including an 11 percent gain in the United Kingdom.
Analysts on [...]
After mine closure, Hecla faces lawsuit from investors
POSTED: Thursday, February 2, 2012 at 12:43 PM PTBY: Brad Iverson-Long
Tags: Hecla Mining
When the Lucky Friday mine in Mullan shut down earlier this year due to safety concerns and recent deaths, mine owner Hecla Mining Company’s stock tumbled. Now shareholders have filed a class action securities lawsuit. The shareholder and other law firms who filed the suit in Idaho District Court Feb. 1 say they’re investigating whether [...]
Nonresidential construction outlook mixed as stimulus winds down
POSTED: Wednesday, February 1, 2012 at 08:04 PM PTBY: Brad Carlson
Tags: commercial construction, Construction, public works, stimulus
A still-stabilizing nonresidential construction sector should see demand strengthen in the private sector and weaken in the public sector this year, the Associated General Contractors of America anticipates.
Commercial builders must balance growing demand for certain private projects with continued weakness in key sectors. It will also see a shrinking supply of public projects funded with federal economic-stimulus [...]
Cyndi Kay receives firm’s highest honor
POSTED: Wednesday, February 1, 2012 at 05:01 PM PTBY: IBR Staff
Tags: Cyndi Friend Kay, D.A. Davidson
Cyndi Friend Kay, vice president, financial consultant and branch manager at D.A. Davidson & Co.’s Boise office, has been honored as the recipient of the 2011 Bragg Lewis Knutson Community Service Award.
The award is the firm’s highest honor and is given annually to a Davidson Companies associate in recognition of outstanding volunteerism.
Kay’s many volunteer efforts [...]
Idaho companies and individuals give millions to campaigns in political off-year
POSTED: Wednesday, February 1, 2012 at 04:44 PM PTBY: Brad Iverson-Long
Tags: Agri Beef, Altria, Blue Cross of Idaho, Glanbia Foods, Hecla Mining, Idaho National Laboratory, Idaho Power, Melaleuca, Micron, Mortgage Insurance Companies of America, Simplot, U.S. Ecology, United Heritage, United Heritage Financial Group
Republicans did well in campaign fundraising efforts in Idaho in the second half of 2011, reflecting the party’s control of elected offices and success at the polls. There were no state or federal level elections in 2011, but sitting officeholders, predominantly of the GOP persuasion, built up their war chests for races in 2012 and [...]
