Archive of: Lakewood

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Weyerhaeuser posts quarterly loss

Weyerhaeuser Co. today reported a net loss of $264 million for the first quarter, or $1.25 per share, on net sales of $1.3 billion. This compares with a net loss of $148 million, or $0.70 per share, on net sales from continuing operations of $2 billion for the same period last year.

May 2009

Commercial construction spikes, still troubled

Nonresidential construction spending for March reported by the Census Bureau today showed increases in manufacturing construction at huge refinery and steel-mill projects. While that might seem like a good sign, Ken Simonson, chief economist for the Associated General Contractors of America, said those projects were well underway before the downturn started and do not illustrate an improved economy.

May 2009

Swine flu medications arrive, few cases reported

Following just-in-case procedures, truckloads of medication and other medical supplies needed to treat swine flu have started to arrive in the state as a precautionary measure in case they're needed to help treat people if the number of cases grows.

May 2009

Commerical real estate market in limbo

Market report on Puget Sound commercial spaces complied by  GVA Kidder Mathews and CB Richard Ellis suggest a market in wait.

May 2009

People on the move

Charlotte Braden, a registered nurse at St. Clare Hospital in Lakewood, has been named the 2009 Pierce County Nurse of the Year by the Pierce County Nurses Association. She is a charge nurse in the hospital's 10-bed Intensive Care Unit, where she cares for critically ill and injured patients. This is the ninth time in the past 11 years that the Pierce County Nurse of the Year has been a member of the St. Clare staff. The award-winner is chosen by the association, which is affiliated with the Washington State Nurses Association. Nurses are nominated by their co-workers and peers. The award ceremony will be held May 8 at the Landmark Convention Center in Tacoma. The ceremony also will celebrate the 100th anniversary of the Pierce County Nurses Association.

April 2009

Federal stimulus boosts Sounder extension

Sound Transit has awarded a contract for track and signal improvements on the Tacoma-to-Lakewood rail corridor, boosted by a $4.6 million federal stimulus infusion that will help bring commuter rail service to South Tacoma and Lakewood.

April 2009

Heritage posts loss, maintains strong liquidity

Heritage Financial Corp. CEO Brian L. Vance reported a net loss during the first three months of the year, compared to net income of $2.6 million for the same quarter last year.

"As we continue to manage through a very volatile economic climate, we are seeing many of our business customers experience difficulties, and we are reminded once again that the banking industry's performance typically mirrors our customer's performance in good times and difficult times," Vance said. "Not unlike many other businesses, we also have posted a small loss for the quarter. Our loss this quarter was primarily the result of necessary loan loss provisioning reflecting the current risk in our loan portfolio. Our coverage ratio, which is loan loss reserves as a percentage of non-performing loans, continues to be one of the strongest on the West Coast."

April 2009
Trade leaders forecast slow recovery

Trade leaders forecast slow recovery

Audience members expecting to hear good news on the state and future of the economy didn't get much of it at the Port of Tacoma's panel discussion "Meeting the Challenges of Global Economic Change" this morning at Hotel Murano.

"We are suffering like everybody else," Port of Tacoma Director Tim Farrell said. 

April 2009

COFFEE BREAK: lawmaker score card

The Business Examiner would like to know how you think the legislature did as it dealt with its historic budget shortfall and a growing economic slowdown.

April 2009

Blog Watch: a shout out to unions

The AWB blog gave unions some credit as it marked yesterday as Worker Memorial Day with families and friends from 81 Washingtonians killed on the job in 2008. They gathered for the annual ceremony at the state Department of Labor and Industries office in Tumwater. The pro-business group pointed out that it was labor unions that established the first Workers Memorial Day in 1989 as a way to boost awareness of job safety.

April 2009
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