Puget Sound Business Journal articles from January 1995

Puget Sound Business Journal archives from January 1995

London Maid trumpets crumpets as food for '90s. (London Maid Crumpets)
January 27, 1995... If only Kristin Day could invite everyone over for a breakfast of tea and crumpets, she might change some minds. At her small International District kitchen, she'd serve her pan-cake-like crumpets toasted and lathered with cream cheese, then...

Builder's big plan in Kent: 1,200 housing units slated by Polygon at Lakes project. (Polygon Northwest; Kent, Washington)
January 27, 1995... Residential developer Polygon Northwest has purchased more than 125 acres of vacant land in southwest Kent, where it could eventually build 1,200 new condominiums, detached homes and apartments. The bold move positions the developer for a...

Wizards of the Coast seeks to extend Magic's powerful spell. (Wizards of the Coast Inc.'s Magic: The Gathering card game)
January 27, 1995... Just 17 months ago, game maker Wizards of the Coast Inc. was operating out of Peter Adkison's basement with a staff of five. Today, its sales top $50 million and the staff has swelled to 100. An intriguing fantasy card game called "Magic:...

Analysts hostile to unfriendly bid for ProCyte.
January 27, 1995... The ongoing effort by an Atlanta company to acquire ProCyte Corp. of Kirkland is evidently the biotechnology industry's first hostile takeover attempt. But rather than high drama, it's being played by industry analysts as low comedy....

Courier firms rolling into statewide competition. (Washington state)
January 27, 1995... Seattle's competing courier companies, freed this month from state regulation, are eyeing the rest of the state for expansion opportunities. "It's allowed us to expand the area we service, and change our pricing structures without controls...

As Kobe rebuilds, Washington Village could become a model. (Kobe, Japan; housing project)
January 27, 1995... In the devastating quake that shook central Japan this month, one thing that emerged unscathed was Washington Village, a Western-style housing project of 81 homes located just 20 miles north of Kobe. Washington state trade officials report...

City Light lease changes the picture for a Gateway sale. (Seattle City Light Co.'s Gateway Tower building)
January 27, 1995... Seattle City Light's huge lease in Gateway Tower may have complicated the lender's efforts to sell its delinquent $165 million loan on the building. And while the city of Seattle has expressed only casual interest in buying Gateway, maybe...

Overhaul looms for health-care reform legislation.
January 27, 1995... Critics claim he's out to gut the state health-care reform law, but Rep. Phil Dyer insists he simply wants to make it workable. The Issaquah Republican, who chairs the House Health Care Committee, has proposed a package of legislation that...

Reg reform debate shifts from 'whether' to 'how much.' (regulatory reform proposals)
January 27, 1995... The legislative battle over regulatory reform, which stalled in last year's session, now is shaping up as a dispute over how much reform is enough. Since the 1994 legislative session, Democratic Gov. Mike Lowry's regulatory reform task force...

Stymied by antitrust ruling, Flow finds new ways to grow. (Flow International Corp.)
January 27, 1995... Flow International Corp. fought the feds, and the feds won. After walking away from a bruising antitrust battle with the Department of Justice, however, the Kent-based manufacturer has changed course, made acquisitions and posted record...

Washington Federal Savings and Loan Association. (Proxy Report Excerpt) (Company Profile)
January 27, 1995... 425 Pike St., Seattle, WA 98101, (206) 624-7930 Washington Federal is a federally chartered savings-and-loan association that began operations as a state-chartered mutual association based in Seattle in 1917. Its business consists primarily...

Corixa raises $15 million in venture capital. (Corixa Corp.)
January 13, 1995... A new biotechnology company led by Immunex Corp. co-founder Steven Gillis recently raised $15 million in capital - the largest start-up financing for any biotech firm last year. Corixa Corp. of Seattle, which aims to develop "immunologically...

Edmark prospers as CD-ROM strategy hits home. (Edmark Corp.)
January 13, 1995... Edmark Corp. studied hard for this holiday season and the results are in: The educational software company's foray into the home market earned an A+. The Redmond software company's sales soared 131 percent to a record $6.7 million for its...

Children's Theatre adds new stage, more shows.
January 13, 1995... When the Seattle Children's Theatre opened its new home a year ago, executives never dreamed that they'd be increasing seating by nearly 60 percent so soon. But later this month, the company will unveil its yet-to-be-named second stage at...

Hillhaven is in the hunt for further acquisitions. (Hillhaven Corp.)
January 13, 1995... Hillhaven Corp., continuing to scout for more acquisitions, has filed plans to issue up to 4 million shares of stock as needed to pay for such purchases. "We've got several deals going, and the potential shareholders would just as soon have...

Grim season ahead for vast fleet of crab boats. (Alaska crab industry) (Industry Overview)
January 6, 1995... Like the financially battered fleet of factory trawlers before it, another major sector of the Seattle-based fishing industry is headed into dangerous waters. The locally based fleet of crab boats, which now boasts some 225 vessels and in a...

Olympian task: cut taxes. (Washington state legislature's agenda)
January 6, 1995... Legislative session promises tough debate on many proposals When the legislative session opens Jan. 9 in Olympia, the major ruckus will be among lawmakers with different ideas about lowering taxes. While that may seem like an enviable...

Lowry: no. 1 goal is strong economy. (interview with Washington governor Mike Lowry) (Interview)
January 6, 1995... Just before the end of the year, Gov. Mike Lowry sat down with Puget Sound Business Journal publisher Mike Flynn and reporter Alex Fryer. Appearing jovial and confident, Lowry discussed a variety of legislative and political issues expected...

Redhook will build brewery in the Northeast. (Red Hook Ale Brewery Inc.) (Company Profile)
January 6, 1995... The Redhook Ale Brewery has leased 24 acres in Portsmouth, N.H., where the Seattle brewer plans to build a $25 million brewery similar to its Woodinville facility. The new brewery is Redhook's first move outside the Pacific Northwest, and...

Bob brings Microsoft's suite approach to home PC. (Microsoft Bob's software suite of eight easy-to-use home applications)
January 6, 1995... Just for the record: there is no Bob in Microsoft Corp.'s new home software suite, Microsoft Bob. And no, Microsoft's newest and most visible hire, chief operating officer Bob Herbold, had no role in naming the new product. But the Redmond...

Study ranks Seahawk fans average, though team isn't. (Seattle Seahawks football team)(includes related article)
January 6, 1995... Seattle Seahawk fans, take note: you aren't the cellar dwellers of the National Football League when it comes to fan support. That title goes to the Los Angeles Raiders, who finished dead last in a newly released study of attendance records...

Olson's expected to sell its Max Foods outlets as well. (Olson's Food Stores Inc.)
January 6, 1995... The four Max Foods stores owned by Olson's Food Stores Inc. are on the sales block, following Olson's recent agreement to merge with Quality Food Centers Inc., according to a source close to the deal. The source said that Olson's, a privately...