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Big Wood Canal Co. buys Magic Dam hydroelectric facility

Shoshone, Idaho-based Big Wood Canal Co. has bought the hydroelectric facility at Magic Dam and has applied to transfer the facility’s license. The Idaho Mountain Express reports Magic Reservoir Hydroelectric Inc., a subsidiary of the J.R. Simplot Co., had owned ...

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US new-home sales climbed 6.7 percent in May

Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said June 25 that new homes sold last month at a seasonally adjusted annual rate ...

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Montana seeks judge’s order to ban Hecla CEO

Montana environmental regulators asked a judge on June 25 to ban the head of a giant mining company from exploring or opening any new mines in the state until he is no longer in violation of Montana’s “bad actor” law. ...

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Media merger would create 3rd-largest TV station group in US

Gray Television Inc. and Raycom Media Inc. are announcing a merger that would create the third-largest television broadcast group in the United States. Georgia-based Gray and Alabama-based Raycom said Monday they’ve entered into an agreement to combine the companies in ...

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A word with Andy Propst of HomeRiver Group

Andy Propst is CEO of HomeRiver Group, a Meridian company that has acquired a half-dozen property management companies around the nation in the last two years and now manages nearly 5,000 rentals in 20 states. When Propst joined the company ...

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Litehouse CEO credits ESOP with company’s growth

The president and CEO of a popular Idaho salad dressing manufacturer believes his company is thriving mostly due to its recent conversion to 100 percent employee ownership. Jim Frank, head of Litehouse, Inc., said the Sandpoint-based company increased its net ...

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Idaho’s Sen. Mike Crapo criticizes bank moves to limit guns

With Gary Ramey’s fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn’t sit well with the company he used to process payments, and they informed ...

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