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Business News

Umpqua-Sterling merger will be final April 18 (access required)

Umpqua Bank’s acquisition of Sterling Bank will be completed on April 18. The banks said April 1 that they had received all regulatory approvals for the merger, which was announced in September 2013 and approved by both banks’ shareholders Feb. ...

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US construction spending up tiny 0.1 percent

U.S. construction spending posted a slight increase in February as a rebound in construction of hotels and other nonresidential buildings offset a decline in housing. But housing construction fell as activity was still being depressed by the harsh winter in ...

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U.S. Supreme Court hears case on severance pay (access required)

Is a severance package a form of employment income, or does it constitute a supplemental unemployment benefit? The answer makes a big difference when it comes to income taxes, and it’s now up to the justices of the U.S. Supreme ...

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Two Boise software companies to merge (access required)

Two small Boise technology companies, Ferguson Technologies and Agilefront, are merging to form Royal Jay. The combined company has nine employees, including some contractors, and is looking to add two more employees. Managing partner Candace Sweigart, who founded Agilefront, said ...

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Foreign buyers show interest in Northwest ranches (access required)

Interest from foreign investors is keeping demand strong for high-end ranch properties in the Pacific Northwest. When the market is strong, about one in ten transactions involves a foreign investor, said John Knipe, President of Knipe Land Company in Boise. Knipe ...

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Conservatives buy ads critical of housing changes (access required)

A conservative seniors group with ties to the billionaire Koch brothers on March 31 announced $1.5 million in ads against seven members of the Senate Banking Committee in the hopes of derailing a proposal that would effectively scrap mortgage giants ...

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U.S. Supreme Court ponders if inherited IRAs get bankruptcy shield (access required)

photo of supreme court

In a case that turns on the definition of two words in the expansive language of the Bankruptcy Code, the justices of the U.S. Supreme Court tried to determine whether an inherited retirement account can be shielded from bankruptcy liquidation. ...

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US consumer spending up modest 0.3 percent

Americans barely increased their spending in February following a weak January performance, strong evidence that the severe winter will hold back the economy in the first quarter. Consumer spending rose 0.3 percent in February following an even weaker 0.2 percent ...

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Human resource specialist, customer service rep are among top temporary jobs (access required)

Workers who are looking for temporary jobs should seek work as human resource specialists, customer service representatives and construction workers. Those are the top three temporary occupations listed by CareerBuilder and Economic Modeling Specialists in a study released March 27. ...

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Judge halts Medicaid cuts after ACLU suit

A U.S. District Court judge issued an injunction March 25 to halt deep cuts to Medicaid and restore about $16 million in assistance to Idaho’s developmentally delayed adults. The decision lets an American Civil Liberties Union of Idaho lawsuit on ...

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