Business

NPR Tech/Business
2:48 pm
Tue May 29, 2012

Facebook stock falls another 9 percent

Originally published on Tue May 29, 2012 1:52 pm

Facebook's stock fell $3.07 to end the day at $28.84. That's first time it's fallen below $30 since the stock went public.

That price is also 24 percent below its opening price of $38.

The Wall Street Journal that the drop had to do with negative sentiment about the stock, as well as the fact that today traders were able to trade on derivatives.

The Facebook stock saw so much trading, the Journal reports, that it triggered Nasdaq's short sale circuit-breaker.

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Business
8:16 am
Wed May 23, 2012

Update: Seattle joins state in sinking floating billboards

The proposed signs can be seen on Lake Washington in this screen grab from KING 5.

The state Transportation Department has torpedoed a proposal for floating billboards on Lake Washington in Seattle.

The company's owner said he'll pursue other Seattle waters. However, the Seattle Times reports the city of Seattle says no deal.

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NPR Tech/Business
2:36 pm
Tue May 22, 2012

How much can potential employers ask about you?

Massachusetts lawmakers tried and failed to pass legislation that would have required criminal history checks, urine screening and fingerprinting and photographs of all new hires at the state Gaming Commission.
iStockphoto.com

Originally published on Tue May 22, 2012 11:03 am

Everyone knows it's tough to get a job these days. The task is that much harder if you have any kind of blemish on your past.

The use of background checks to screen potential employees has become a billion-dollar business. More than 90 percent of employers in the U.S. conduct criminal background checks, at least on some potential hires, according to a recent study by the National Consumer Law Center.

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Economy
9:26 am
Mon October 10, 2011

Forecasters predict ho-hum holiday hiring in Northwest

Originally published on Tue March 5, 2013 11:05 am

SALEM, Ore. - It's the time of year that retailers think about hiring extra help for the holidays. Labor experts in Oregon and Washington say job prospects for seasonal hires are ho-hum in the jolly ho-ho-ho season.

Washington state's Employment Department is predicting about 13,000 holiday jobs will materialize in the state through the end of the year. If true, that would fall short of last year's numbers.

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Idaho Business
3:02 pm
Thu August 11, 2011

Idaho touts its red state culture to attract gun manufacturing jobs

Idaho is among a handful of Western states using their gun-rights cred in this tough economy to attract jobs in the firearms industry.

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Worker retraining
5:30 am
Mon August 1, 2011

Tacoma workers laid off in 'Nalley Valley' getting federal help

A spread of Nalley's top products for a 1949 advertising campaign. Workers at the former Bird's Eye canning factory are getting federal help for retraining.
Richards Studio, Tacoma via Tacoma Public Library Archives

More than two-hundred workers who lost their jobs when the "Nalley Valley" canning plant in Tacoma closed last month are now eligible for special retraining through the federal Trade Adjustment Assistance Program.

The newly unemployed, consider it a victory.

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Businesses Facing Climate Change
6:44 pm
Tue June 7, 2011

Is Amazon.com sustainable?

Cheuk-man Kong Flikr

Amazon.com has been thriving, despite the economic downturn. Shares in the company are now worth more than five times a much as they were five years ago, thanks in part to innovations such as its electronic book reader, the Kindle, or its move into data storage of all kinds of things "in the cloud."

But it's just these futuristic lines of business that have some shareholders worried. 

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Mergers and Acquisitions
6:57 pm
Wed June 1, 2011

Soon to be official: Walgreens' acquisition of Drugstore.com

Investors in Bellevue-based drugstore.com gather Thursday for their annual shareholder meeting. It's likely the last time they'll meet there. 

The online-retailer is being acquired by its biggest brick and mortar competitor: Illinois-based Walgreens. 

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Business of Technology
5:54 pm
Tue May 10, 2011

Analysts say Microsoft should keep Skype as-is in company's biggest-ever acquisition

Will Skype phones such as this one become completely obsolete or just outmoded as the Microsoft deal goes through?
Image courtesy of voipnovatos.es

Microsoft's biggest acquisition ever might have people in the region worrying about layoffs. Often when companies merge, redundant workers get pink slips.

But it sounds like employees of the Redmond tech giant don't have much cause for concern with Microsoft's $8.5-billion purchase of Skype.

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Environment
10:03 am
Wed April 20, 2011

"GoGreen '11" conference showcasing best practices from who's who of Seattle businesses

The company behind those "Redbox" DVD vending machines is one of the local businesses making a presentation about sustainability in the workplace at the "Going Green '11" conference in Seattle.
AP photo

Insiders from many of Seattle's most recognizable big businesses are gathering today at the Washington State Convention Center downtown.

Boeing, Microsoft, Starbucks, REI, and The Mariners have all been invited to give interactive presentations meant to inspire others in the region to follow in their footsteps. The topic? Going Green.

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Economic Indicators
4:37 pm
Thu April 7, 2011

March sales at Costco, Nordstrom bode well for large retail

A happy shopper at a pre-Opening event in March of a new Nordstrom's Rack, part of the upscale retailer's expansion strategy in the down economy.
Flickr, @photo

A surprisingly solid March – that's the consensus about last month's retail sales.  Despite cold weather and climbing gas prices, shoppers spent a lot more money last month than they did in March a year ago.

Costco and Nordstrom are among the local companies that are benefiting.

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Coffee Culture
10:38 am
Fri March 25, 2011

Still no IPO, but another new CEO for Seattle's second largest coffee enterprise

Tully's Coffee prides itself on providing the feel of "a family room - not a living room" says a spokesman about Starbucks biggest rival's approach to coffeehouse culture.
Flickr photo courtesy dontthink.feel

Tully's Coffee has lost yet another CEO. Seattle's second biggest coffee enterprise has announced that Carl Pennington will retire at the end of this month. 

According to the Seattle Times, he is the seventh CEO to cycle through the company since founder Tom O'Keefe stepped down from the post a decade ago. 

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Food
1:24 pm
Wed March 23, 2011

Walla Walla's L'Ecole Winery grows up with a new label

L’Ecole winery is debuting its new lables. They’re a bit sleeker and more gown up than the popular child’s painting of the school house used for more than 20 years.
L’Ecole

One of Washington's oldest and most recognizable wine brands, L’Ecole, is growing up a bit with a new, sleeker label.

L'Ecole is French for "the school" and that's because the winery operates out of a nearly 100-year-old school house. The old label was a child's colorful drawing of the facility. The new label sports a sepia-toned oil painting of the historical school house soon after it was constructed in 1912.

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HUMANOSPHERE
1:37 pm
Fri February 18, 2011

Young biz entrepreneurs compete for social good

Cynthia Koenig and her Wello
Tom Paulson KPLU Humanosphere

If you walked into the dimly lit, wood-paneled room and listened to the fast-paced talk by Cynthia Koenig, you might be forgiven for thinking she just sounded like another one of those young, profit-oriented entrepreneurs looking for money from venture capitalists or other kinds of investors.

Koenig is, actually, one of those money-seeking young business types, except that the primary goal of her proposal is to make life a lot easier and safer for millions of poor women around the world.

Hence the Wello, a kind of goofy looking water-carrying wheel-barrel (no, that’s not a typo) that she and her colleague, Colm Fay, at the University of Michigan’s business school want to sell to poor people.

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Business Technology
8:04 am
Wed January 19, 2011

No cash, no card, no problem with Starbucks smartphone app

Customers across the country will soon be able to use smartphones to buy coffee and snacks at Starbucks.
Starbucks

Technology-savvy consumers could soon be able to leave their wallets behind when picking up a cup of Joe at Starbucks.  

The Seattle retailer is expected to announce Wednesday that customers will be able to use smartphones to pay for goodies at 6,800 stores the company operates in the United States and 1,000 that are in Target stores, according to Claire Cain Miller of the New York Times. 

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