Puget Sound Business Journal articles from May 1993

Puget Sound Business Journal archives from May 1993

Eagle Hardware and Garden. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 101 Andover Park E., Suite 200, Tukwila, WA 98188, (206) 431-5740. Eagle Hardware operated seven home improvement centers in the Pacific Northwest as of year-end 1992. The company's strategy is to provide do-it-yourself customers and...

Egghead Software. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 22011 S.E. 51st, Issaquah, WA 98027, (206) 391-0800 Egghead Software is North America's leading reseller of personal computer software and one of the largest software-only retailers in the country. It serves business, government agencies...

Lenders lean on Bank of Cal, First & Stewart office towers. (foreclosure bids by Itochu Corp., Bank of Tokyo and Sakura Bank on Bank of California Center and another building in Seattle, Washington)
May 28, 1993... A major Seattle skyscraper -- the 41-story Bank of California Center -- and a smaller Class "A" office tower at First and Stewart streets are in imminent danger of foreclosure, as a wave of loan restructurings and defaults continues to sweep...

Boeing's 'Mr. Inside' juggles twin roles of manager, visionary. (Phil Condit, president of Boeing Co.)
May 28, 1993... Phil Condit, who made Boeing's 777 project a model of teamwork and technology, now must do the same for the entire corporation. What makes Condit's task doubly hard is the paradoxical nature of Boeing's situation. He's asking workers to adopt...

McCaw: big plans in data communication. (McCaw Cellular Communications Inc.)
May 28, 1993... McCaw Cellular Communications Inc. is entering a new Ice Age, says Craig McCaw. That's ICE: information, communication and entertainment, a convergence of technologies that will leave McCaw's customers and shareholders anything but cold....

Eldec Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 100, Lynnwood, WA 98046-0100, (206) 743-1313 Eldec Corp. designs and manufactures electronic and electro-mechanical products for the aerospace and defense industries. The company supplies proximity switch systems for commercial and...

Esterline Technologies Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 10800 N.E. Eighth St., Bellevue, WA 98004, (206) 453-6001 Esterline is a diversified manufacturing company segmented into three business groups: automation, aerospace and defense, and instrumentation. Markets served include electronic...

Expeditors International. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 19119 16th Ave. S., Seattle, WA 98188, (206) 246-3711 Expeditors is engaged in the business of international freight forwarding, for both air and ocean freight. The company also acts as a customs broker in all domestic offices and increasing...

John Fluke Mfg. Co. Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 9090, Everett, WA 98206-9090, (206) 347-6100 Fluke is an Everett-based manufacturer of electronic test equipment, best known for its hand-held digital multimeters. The company introduced 12 new products in fiscal year 1992,...

Starbucks stock steams upward as analysts debate. (Starbucks Corp.)
May 28, 1993... Starbucks Corp.'s frothy stock surged to yet another 52-week high last week, raising the question of whether the premium coffee marketer's shares have become overheated. Professional Starbucks watchers were divided as they watched the stock...

Heart Technology. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 2515 140th Ave. N.E., Bellevue, WA 98005-1887, (206) 869-6160 Heart Technology manufactures and markets the Rotablator system, which treats atherosclerosis, a form of coronary artery disease. It is a patented method to mechanically remove...

Hillhaven Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 1148 Broadway Plaza, Tacoma, WA 98402, (206) 572-4901 Hillhaven Corp. is one of the nation's largest healthcare providers, operating through its nursing centers, retirement housing, continuing care retirement communities and retail and...

Icos Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 22021 20th Ave. S.E., Bothell, WA 98021, (206) 485-1900 Icos Corp. is a biopharmaceutical company founded to develop a new generation of medications for the treatment of chronic inflammatory diseases, including asthma, multiple sclerosis and...

Jay Jacobs Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 1530 Fifth Ave., Seattle, WA 98101, (206) 622-5400 Jay Jacobs sells fashion merchandise for young women and men through its 288 apparel stores, located primarily in regional shopping malls in 20 states. The company was established in 1941...

Key Tronic Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 14687, Spokane, WA 99214-0687, (509) 928-8000 Key Tronic Corp. is the nation's largest independent producer of computer keyboards. Its technology is broadening to include a variety of related input devices. In March 1992, the...

Lamonts Apparel Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 3650 131st Ave. S.E., Bellevue, WA 98006, (206) 644-5700 Lamonts Apparel Inc. is a fashion retailer operating 56 stores in eight states. Most of these stores are full-line and feature fashion apparel and accessories for the entire family....

Longview Fibre Co. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 639, Longview, WA 98632, (206) 425-1550 Longview Fibre Co. owns and operates Oregon and Washington tree farms, which produce logs for sale. Its pulp and paper mill at Longview, Wash., produces pulp that is manufactured into kraft...

Surf's up for Starwave in multimedia market. (Starwave Corp.)
May 28, 1993... Starwave Corp. plans to more than triple in size, growing to about 50 people by the end of the year, as Paul Allen's secretive start-up gears up to develop multimedia products and services. Bellevue-based Starwave employs about 15 now, said...

McCaw Cellular Communications Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 5400 Carillon Point, Kirkland, WA 98033, (206) 827-4500 McCaw Cellular is engaged in the acquisition, construction and operation of cellular systems and radio common carrier systems. The company has consolidated ownership into major...

Bank, hotel owners trade jabs in foreclosure suit. (Pacific First Bank F.S.B.; Renton Joint Venture)
May 28, 1993... A foreclosure action against the Holiday Inn-Renton has developed into a bizarre game of cat-and-mouse between the hotel owners and their lender, with claims of pilfered documents, misappropriated funds and bad faith on both sides littering the...

Microsoft Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... One Microsoft Way, Redmond, WA 98052-6399, (206) 882-8080 Microsoft Corp. develops, markets and supports a wide range of microcomputer software for business and professional use, including operating systems, languages and application...

Momentum Distribution Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 500 108th Ave. N.E., Bellevue, WA 98004, (206) 646-6550 Momentum Distribution has operated as an independent public company since March 1, 1990, when the businesses that now constitute Momentum were spun off from VWR Corp. The company has 566...

NeoRx Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 410 W. Harrison, Seattle, WA 98119-4007, (206) 281-7001 NeoRx Corp. develops targeted biopharmaceutical products that detect and treat human illnesses, with a primary focus on cancer. The company was started in 1984, and its initial public...

Nordstrom Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 1501 Fifth Ave., Seattle, WA 98101, (206) 628-2111 Nordstrom is one of the nation's leading fashion specialty retailers, offering a wide selection of apparel and accessories. The company operates 52 large stores in 10 states, four smaller...

Intrawest unveils condo project in Old Bellevue. (Intrawest Corp.; Bellevue, Washington)
May 28, 1993... Intrawest Corp. took a step forward last week with plans to build what could become a 126-unit condominium complex in Old Bellevue. Last weekend, Intrawest opened a sales office on the project's 1.25-acre site and began taking reservations on...

Caffe Acorto shake-up part of growth pains. (Caffe Acorto Inc.'s firing of its president, Terry Simons)
May 28, 1993... As fast-growing Caffe Acorto Inc. leaps to the next level of international competition, one of the Bellevue-based company's top executives won't be making the trip. After seeing their firm's sales grow from $1.4 million in 1991 to $4 million...

Paccar Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 777 106th Ave. N.E., Bellevue, WA 98004, (206) 455-7400 Paccar manufactures heavy-duty trucks sold worldwide under the Kenworth, Peterbilt and Foden nameplates. The company also manufactures industrial winches, oilfield extraction pumps and...

Pacific Telecom Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 805 Broadway, P.O. Box 9901, Vancouver, WA 98668, (206) 696-0983 Pacific Telecom is one of the nation's leading telecommunications companies, with local exchange operations spanning an 11-state service area and long-distance operations...

Lindal Cedar Homes Inc. (Proxy Report Excerpts) (Company Profile)
May 28, 1993... 4300 S. 104th Place, Seattle, WA 98178, (206) 725-0900 Lindal Cedar Homes is the world's largest and oldest manufacturer of top-quality custom cedar homes and sunrooms. Sawmill and manufacturing plants are located near Vancouver, B.C. and...

Paragon Trade Brands Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 505 S. 336th St., Federal Way, WA 98003, (206) 924-4568 Paragon manufactures private-label infant disposable diapers in the United States and Canada. It produces premium-quality and economy diapers, which are distribute, primarily through...

Pegasus Gold Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 9 N. Post St., Suite 400, Spokane, WA 99201, (509) 624-4653 Pegasus is Canadian corporation headquartered in Spokane. It produces gold, silver, lead and zinc using open-pit mining methods, heap leaching technology and conventional milling...

Offshore-banking Puget Sound-style: aggressive off-island expansion by InterWest lessens reliance on Whidbey's military presence. (Puget Sound, Washington; InterWest Savings Bank; Whidbey Island) (Banking and Finance) (Company Profile)
May 28, 1993... Visiting the headquarters of InterWest Savings Bank -- home for 22 branch offices in Western Washington and four more east of the Cascades -- means a trip to rural Whidbey Island rather than battling clogged freeways into Seattle. Wheeling...

Collection agencies working harder for less. (Washington State)(includes related articles) (Banking and Finance) (Industry Overview)
May 28, 1993... Impact of last year's record bankruptcy total is being felt; recovery rate down or barely staying even Many Washington collection agencies are working harder, but earning less. On average, their recovery numbers are better than those...

No bank 'Holliday' in Tacoma. (management of Key Bank of Washington in Tacoma, Washington, by its president and COO, Ralph Holliday) (Banking and Finance)
May 28, 1993... Key Bank of Washington's new president and COO tackles challenge of fast-track expansion Banker Ralph Holliday, new president and chief operating officer of Tacoma-based Key Bank of Washington, said he really wanted to be a farmer. "I...

Penwest Ltd. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 777 108th Ave. N.E., Suite 2390, Bellevue, WA 98004, (206) 462-6000 Penwest Ltd. develops and manufactures specialty carbohydrate and synthetic polymer chemicals. Its principal source of revenue is Penford Products Co., the major supplier of...

Plum Creek Timber Co. L.P. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 999 Third Ave., Suite 2300, Seattle, WA 98104, (206) 467-3600 Plum Creek Timber Co. was spun off in June 1989 from Burlington Resources Inc. The partnership has two components: the timber and related businesses operated by the partnership...

Bank marketing beginning to look a lot like retail. (selling strategies of Washington Mutual F.S.B., First Interstate Bank of Washington N.A. and United States National Bank of Oregon)
May 28, 1993... One way to measure how much money and attention is being devoted to marketing in an industry is to eavesdrop on restaurant conversations. Two years ago, banking ranked near the bottom of consumer interest alongside businesses like car repair...

Credit unions want to hold your hand when times get rough. (services in Puget Sound Metropolitan Area) (Industry Overview)
May 28, 1993... Credit unions in the Puget Sound area are aggressively launching special financial assistance and emotional support programs at a time when Boeing Co. layoffs and an uneven economy are pressuring their members' lifestyles and savings accounts....

ProCyte Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 12040 115th Ave. N.E., Suite 210, Kirkland, WA 98034-6900, (206) 820-4548 ProCyte Corp. is a pharmaceutical company engaged in the development of a new class of peptide-copper compounds for tissue repair and healing. Operations began in...

Puget Sound Power & Light Co. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 411 108th Ave. N.E., Bellevue, WA 98004-5515, (206) 454-6363 Puget Power is an investor-owned public utility providing electric service, primarily in the Puget Sound region. The company derives essentially all of its operating revenues from...

Quality Food Centers Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 3967, Bellevue, WA 98009, (206) 455-3761 Quality Food Centers Inc. is the largest independent supermarket chain in the Puget Sound region. It was established in 1955, and as of December 1992, operates 36 stores and employs 2,600...

Red Lion Inns. (Public Companies Report) (Company Profile)
May 28, 1993... 4001 Main St., Vancouver, WA 98663, (206) 696-0001 Red Lion Inns Limited Partnership is a publicly traded partnership that, through its 99 percent interest in Red Lion Inns Operating L.P., owns 10 Red Lion hotels with 3,071 rooms located in...

Safeco Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... Seattle, WA 98185, (206) 545-5000 Safeco is among the largest diversified financial corporations in the United States. It started as a property and casualty insurance company in 1923, and although this remains Safeco's largest business, it...

SpaceLabs Medical Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 97013, Redmond, WA 98073-9713, (206) 882-3700 SpaceLabs is a leader in patient monitoring equipment and clinical information systems, used by healthcare providers information to diagnose and treat patients and to manage the cost of...

Todd Shipyards Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 1801 16th Ave. S.W., Seattle, WA 98134-1089, (206) 623-1635 Todd Shipyards Corp. is engaged in shipbuilding, specifically the construction, repair/overhaul and conversion of marine vessels. Todd previously relied on long-term military or...

Starbucks Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 2203 Airport Way S., Seattle, WA 98134, (206) 447-1575 Starbucks purchases and roasts high-quality, whole-bean coffees and sells them, along with a variety of coffee beverages and coffee-related accessories and equipment, through...

Univar Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 6100 Carillon Point, Kirkland, WA 98033, (206) 889-3400 Univar Corp. distributes a broad range of chemicals in the United States, Canada and Europe. Its largest subsidiary, Van Waters & Rogers Inc., conducts operations in the United States...

Washington Energy Co. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 815 Mercer St., Seattle, WA 98109, (206) 622-6767 Washington Energy Co. is a diversified holding company. Washington Natural Gas, the largest subsidiary, serves the Puget Sound area and is one of the fastest-growing utilities in the country....

Washington Mutual Savings Bank. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 1201 Third Ave., Seattle, WA 98101, (206) 461-2000 Washington Mutual is the largest independently owned financial institution in Washington state. It has 119 financial centers and 17-home loan centers in Washington and Oregon. The bank's...

Washington Water Power Co. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 3727, Spokane, WA 99220, (509) 489-0500 Washington Water Power is an investor-owned utility company that generates, transmits and distributes electric energy and distributes natural gas. Its service area covers five states. The...

Weyerhaeuser Co. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... Tacoma, WA 98477, (206) 924-5273 Weyerhaeuser's principal businesses are growing and harvesting trees; manufacturing, distributing and selling forest products, including, logs, wood chips, building products, pulp, paper and packaging...

Ackerley Communications Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 800 Fifth Ave., Suite 3770, Seattle, WA 98104, (206) 624-2888 Ackerley Communications is a diversified communications company that engages in the operation of outdoor and airport advertising, radio and television broadcasting, and owns and...

Advanced Technology Laboratories Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... P.O. Box 3003, Bothell, WA 98041-3003 Advanced Technology Laboratories Inc. (ATL) develops ultrasound imaging systems worldwide for use in radiology, cardiology, obstetrics and gynecology, and peripheral vascular diagnostic applications....

Airborne Freight Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 3101 Western Ave., Seattle, WA 98111, (206) 285-4600 Airborne Freight Corp., dba Airborne Express, provides door-to-door express delivery of small packages and documents throughout the United States and to most foreign countries. The company...

Alaska Air Group Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 19300 Pacific Highway S., Seattle, WA 98188, (206) 431-7040 Alaska Air Group Inc. was organized in 1985 as a holding company for Alaska Airlines and Horizon Air Industries. Alaska Airlines, founded in 1932, provides scheduled air...

Aldus Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 411 First Ave. S., Seattle, WA 98104-2871, (206) 622-5500 Aldus Corp. develops computer software that helps business professionals communicate information and ideas. Products include Aldus PageMaker, a desktop publishing program for the Apple...

The Boeing Co. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 7755 E. Marginal Way S., Seattle, WA 98108, (206) 655-2121 The Boeing Co. is the largest aerospace firm in the United States, as measured by total sales, and is the world's leading manufacturer of commercial aircraft, primarily passenger and...

Burlington Resources Inc. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 999 Third Ave., Seattle, WA 98104-4097, (206) 467-3838 Burlington Resources Inc. is a holding company whose principal operating subsidiary, Meridian Oil Holding Inc., is engaged in the exploration, development and production of oil and gas...

Cascade Natural Gas Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 222 Fairview Ave. N., Seattle, WA 98109, (206) 624-3900 Cascade Natural Gas Corp. distributes natural gas to customers in Washington and Oregon. About 16 percent of its gas revenues are from Oregon. The company was established in 1953 and...

CellPro. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 22322 20th Ave. S.E., Suite 100, Bothell, WA 98021, (206) 485-7644 CellPro is a biotechnology company specializing in the development, manufacturing and marketing of proprietary continuous-flow cell-selection systems for use in therapy,...

Costco Wholesale Corp. (Proxy Report Excerpts) (Public Companies Report) (Company Profile)
May 28, 1993... 10809 120th Ave. N.E., Kirkland, WA 98033, (206) 828-8100 Costco Wholesale Corp. operates a chain of cash-and-carry membership warehouses that sell high-quality, national-brand merchandise at low prices to businesses purchasing primarily for...

Sierra On-Line moving HQ to Seattle area.
May 21, 1993... California firm's game programs, interactive network catch industry's eye Sierra On-Line Inc., a major developer of game software for personal computers and Sega systems, will move its headquarters to the Seattle area from California this...

Tyson laying plans to market fish like fowl. (Tyson Seafood Group)
May 21, 1993... If Domino's offers you fish pizza sometime next year, maybe you should blame Bob Womack. The newly installed president of Tyson Foods Inc.'s seafood group and the boss of Arctic Alaska Corp. in Seattle, Womack has a mission: figuring out how...

Juggling toys catch an armful of customers. (Chasley Inc.) (Company Profile)
May 21, 1993... Barb Brister just wanted to give her husband Charlie something fun to juggle. The tennis balls he used made a lot of noise bouncing across the floor, and they knew their landlord, who lived below them, wouldn't put up with that very long. So...

Cosmos to build 23-story tower in central Bellevue. (Cosmos Development and Administration Corp.)
May 21, 1993... Cosmos Development & Administration Corp. has scrapped its plans for a nine-story office tower in downtown Bellevue, and instead will build a 23-story, mixed-use complex featuring 255 apartment units, 80,000 square feet of office space, and...

Firms asked to submit waste reduction plans. (Washington Department of Energy) (Industry Overview)
May 21, 1993... The Washington Department of Ecology may have found a way to get business to voluntarily reduce the amount of hazardous waste it generates without having to wave the threat of sanctions. While not necessarily getting rid of the stick, the new...

Huge management firm eyes Security Properties. (Insignia Financial Group Inc.)
May 21, 1993... Real estate sources say the nation's largest apartment-building manager is negotiating to acquire Seattle-based Security Properties Investment Inc., which itself is among the country's biggest rent collectors. Security may be merged into...

Torrefazione expands to Portland, looks beyond. (gourmet coffee maker Torrefazione Italia)
May 21, 1993... Torrefazione Italia, the boutique Seattle coffee roaster that never advertises, never changes its product line and hasn't had a price increase since it opened in 1986, will open a new cafe and retail outlet in Portland in July. Torrefazione...

Long-awaited cleanup for the Tacoma waterfront in cards. (Industry Overview)
May 21, 1993... Environmental cleanup, restoration of wildlife habitat and redevelopment along the waterfront are key elements in restoring the city of Tacoma's economic vitality. Three years ago, nothing was being done to develop the waterfront. The city...

Heavily financed trawlers face bleakest season. (Industry Overview)
May 21, 1993... Only a cursory glance around Seattle's waterfront is necessary to see that factory trawlers are tied up everywhere, and they're not catching fish. Industry observers say this is the worst year yet for the approximately 60 factory trawlers...

Egghead building new team for a fresh marketing effort. (Egghead Discount Software Inc.)
May 21, 1993... Three months after the arrival of a new CEO at Egghead Discount Software, the nation's largest software retailer is looking to revamp an advertising and marketing strategy some observers characterize as stale. Egghead has cut its in-house...

Multiple Zones goes abroad with software-catalog clones. (Multiple Zones International Inc.)
May 21, 1993... Multiple Zones International, a fast-growing software mail-order company based in Redmond, is setting its sights on overseas expansion. In the past 17 months, the publisher of the Mac Zone and PC Zone mail-order catalogs has licensed...

Battered by low margins, Skipper's baits new hooks. (National Pizza Inc. acquires Tony Roma's A Place for Ribs Inc.)
May 21, 1993... When National Pizza Inc. bought Skipper's Inc. three years ago, the Kansas-based Pizza Hut franchisee had big plans for the fast-food seafood chain. Bellevue-based Skippers was going to fuel the pizza company's growth, expanding from some...

Washington's foreign-owned employers pay well.
May 21, 1993... The foreign ownership of businesses operating in the United States has emerged as one of the more emotionally charged economic issues of this past decade. There are a multitude of reasons why foreign ownership has been so beset with...

Safeco Corp. (Proxy Report Excerpts ) (Company Profile)
May 21, 1993... Seattle, WA 98185, (206) 545-5000 Safeco is among the largest diversified financial corporations in the United States. It started as a property and casualty insurance company in 1923, and although this remains Safeco's largest business, it...

Digital Systems trims costs, staff after lawsuit. (Digital Systems International Inc.)
May 21, 1993... Two days after Digital Systems International Inc. announced it had reached a negotiated settlement of $7 million in a shareholder lawsuit, the Redmond company laid off 31 employees. The company, which makes computerized call processing...

Environmental entrepreneurs attracting attention, profits. (recycling) (Industry Overview)
May 21, 1993... Recycling means a lot more than aluminum, paper these days, followers of green ethic eager to prove Fourteen years ago, when Ray Shemanski starting buying and selling used plastic and steel drums, the economy and not the environment was the...

Too much of good thing? Labs scramble for work. (environmental testing laboratories) (Industry Overview)
May 21, 1993... Easy times are over for Washington's $50 million environmental testing industry, which has too many labs fighting over too little work. Compounding the problem are a growing number of out-of-state firms who are bidding on work here, and even...

Flood of wastepaper drives prices down; recycling firms paying to haul paper glut away.
May 14, 1993... Export prices for mixed wastepaper are falling to record lows, cutting the profits of local recycling firms and threatening them with mountains of paper. The plunge has turned the economics of the recycling firms upside-down, forcing them to...

Auburn track's hard-driving Crockett takes risks in stride. (proposed racetrack in Auburn, Washington; Ron Crockett of Northwest Racing Associates)
May 14, 1993... The architectural designs pinned on the walls at Northwest Racing Associates' headquarters in Auburn show impressive grandstands, clubhouses and betting arenas. In the office, young designers pore over blueprints and debate how many yogurt...

Fitzgerald braces for merger, staff cuts in state trade office. (Mike Fitzgerald, director of Washington (State) Department of Trade and Economic Development)
May 14, 1993... State trade officials are trying to figure out how to make less into more. For Mike Fitzgerald, director of the Department of Trade and Economic Development (DTED), the tasks are several: to make the department more reflective of the state's...

Beer giant pays $10 million to settle cruise-line suits; $2.9 million going to lawyers in Exploration Cruise's last voyage. (Anheuser-Busch Companies Inc.; Exploration Cruise Lines)
May 14, 1993... Four years after the collapse of Seattle-based Exploration Cruise Lines, beer giant Anheuser-Busch Co. will pay almost $10 million to cut loose from its disastrous foray into the cruise business. The money will help wind up the lengthy...

Backers of Asian-language TV station press on. (pair of television stations serving Seattle, Washington and Vancouver, British Columbia)
May 14, 1993... Long-stalled plans for a pair of Asian-language television stations serving Seattle and Vancouver, B.C., are moving closer to reality, according to backers. Darlene McHenry, chief executive of Nine Dragons International Telecasting Inc.,...

Analysis of Holly REIT raises tough questions. (Holly Corp.'s plan to go public; real estate investment trust)
May 14, 1993... Editor's note: Last week, the Business Journal reported the general reactions of the investment community to plans by Holly Corp. of Tacoma, a major apartment builder, to go public. Because Holly represents the first of what could be a series...