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Business News

Family sues over deadly Tamarack Resort fire

A wrongful death lawsuit says a fireplace inside an Idaho rental resort cabin exploded, causing the death of four people. The Idaho Statesman reports Erin Smith reserved the Tamarack Resort vacation rental last year, the weekend before the Fourth of ...

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Albertsons reports year-over-year financial improvement

The Boise-based Albertsons Companies, Inc. on July 16 reported improved results for its fiscal first quarter. Albertsons posted a quarterly loss of $17.7 million for the 16 weeks ended June 16, compared with a loss of $204.9 million a year ...

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US retail sales rise at a healthy 0.5 percent pace in June

U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism. The Commerce Department said July 16 that sales at retailers and restaurants increased 0.5 percent in June, ...

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Idaho Central Credit Union acquires 50-acre Meridian Elks Rehab property (access required)

photo of farmstead

Idaho Central Credit Union has acquired more than 50 acres of prime development land in Meridian for a regional mortgage and call center. The acquisition could presage a new burst of development in the area. The parcel is located along ...

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Idaho Credit Union League formalizes NWCUA merger

The merger between the Idaho Credit Union League (ICUL) and the Northwest Credit Union Association (NWCUA) is now final after a positive vote from a majority of its 184 members. The organization, which now represents credit unions from Oregon and Washington ...

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CWI halts truck-driving program, citing drop in interest

The College of Western Idaho has decided to halt new enrollment for its professional truck driving program, citing a decrease in interest. KTVB-TV reported July 12 that the move comes as Idaho and other parts of the country are seeing ...

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Chobani says county over-assessed property by $216 million

photo of chobani plant

The assessed value of yogurt company Chobani’s Twin Falls plant is $216 million higher than it should be, company officials said. the Twin Falls County assessor’s office had initially valued the property at more than $495 million, the Times-News reported ...

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Are you ready for video banking? (access required)

photo of itm

It’s still a nascent technology, but Idaho financial institutions are looking into video banking. Video banking falls into three categories: interactive teller machines (ITMs) that include video in the ATM, video in the branch office, and online video via smartphone ...

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Over 80K artifacts, specimens donated to Idaho Falls museum

Private land owners have donated 80,000 artifacts and specimens that were found inside caves on their land to an Idaho Falls museum. A statement by the Museum of Idaho says the artifacts and specimens were found inside three caves in ...

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Businessmen imprisoned 4 years after fraud convictions

Four men convicted in 2014 of fraud stemming from the collapse of an Idaho property management company were finally sent to prison. Douglas Swenson, the founder and CEO of bankrupt Meridian-based Diversified Business Services and Investments, or DBSI, was taken ...

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