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Financial Services

Lending to sizable businesses, projects, picks up steam (access required)

Lending to midsized and large businesses, and on some large projects, appears to be growing stronger. Gardner Co., which owns three sizable commercial development projects in the Boise area, was able to get new financing recently. “The recovery has been ...

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MWI Veterinary earnings jump (access required)

MWI Veterinary Supply on July 28 announced a 24.7 percent increase in earnings and an 18.1 percent gain in operating income for its fiscal third quarter ended June 30. The Boise-based company posted $11.4 million in earnings on revenue of ...

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Clearwater Paper expansion drags earnings in quarter (access required)

Buying a business and ramping up a new plant cut Clearwater Paper’s earnings by nearly one-third in the second quarter, from a year earlier. High input costs also hurt, the company said. Spokane, Wash.-based Clearwater Paper Corp., which operates manufacturing ...

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Supervalu 1Q earnings rise, top estimates

Supervalu Inc.’s turnaround efforts paid off in the first quarter as the grocery chain reported a 10 percent bump in net income and beat expectations, which sent its shares soaring July 26. The company, which operates Albertsons, Jewel-Osco and other ...

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Idaho road bonds sell in scant new-issue market (access required)

The fifth of six planned issues of Idaho bonds to pay for highway construction was well received July 12, when all $72.9 million sold. Idaho has seen fewer issues of tax-exempt bonds recently, and many are refinancings of existing debt, ...

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Wells Fargo adds jobs at Boise service center

Wells Fargo plans to hire 150 additional workers in July and August at its Boise customer contact center on Elder Street. The move will increase total staff at the center to about 600. The new hires will provide phone-based service ...

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Idaho pension fund posts record year (access required)

   Idaho’s public-employee pension fund posted its best fiscal year in 25 years, gaining 20.7 percent in value for the 12-month period ended June 30. This allowed the fund to recover all losses suffered during the recession and hit an ...

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Reverse-mortgage market tightens (access required)

The market for reverse mortgages is tightening, reducing the options of older Americans who want access to the equity in their homes. Fewer seniors have enough home equity to use some of their reverse-mortgage proceeds to pay off a traditional ...

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NAI Boise office could benefit from C-III deal (access required)

C-III Capital Partners’ planned acquisition of the NAI Global commercial real estate services company is expected to provide some additional business for NAI’s Boise affiliate. “The reason it’s good news for us is increased deal flow,” said Ron Stratton, Certified ...

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