Business

south lake union development
5:00 am
Fri August 9, 2013

Center for Wooden Boats Expands in Bustling South Lake Union

A rendering of the Center for Wooden Boats' new education center
Center for Wooden Boats

Another new building is coming to South Lake Union, but this one will not be a workspace for Amazon techies—unless, that is, they like to build wooden boats.

The Center for Wooden Boats plans to start constructing its new education center in Lake Union Park this winter.  

Read more
Business
5:02 am
Tue August 6, 2013

After More Than a Century, Sherman Clay Store Closing Doors

It’s been the go-to music store in Seattle since the 1870s. But Sherman Clay is packing up its grand pianos and shutting down its iconic downtown store on Fourth Avenue.

In the 1980s, anyone in search of a used or new Steinway grand piano could turn to the  Seattle store as well as some 60 other Sherman Clay stores around the country. 

Read more
waterfront development
5:00 am
Mon August 5, 2013

New Building, Promenade Planned for Pike Place Market

What the new promenade might look like
Miller Hull Partnership

The city of Seattle and Pike Place Market are planning a new building and walkway that will snake down to the waterfront. They’re hoping to begin construction as soon as next summer and have it done before the viaduct comes down.

Right now, if you’re down at the Ferris wheel and you want to get up to Pike Place Market, you have to find the elevator or go up a long set of stairs. It’s confusing.

Read more
real estate
4:47 pm
Tue July 30, 2013

Seattle Home Prices Post Highest Monthly Jump Since April 1990

Elaine Thompson Associated Press

Home prices in the Seattle metro area in May showed their biggest monthly gain in more than 20 years, as a tight supply of homes and low interest rates drive values higher.

Until recently, interest rates were at record lows, and that’s been spurring people to jump back into the housing market after the 2008 crash. Home prices in the Seattle metro area climbed more than 3 percent in May compared with April. That’s according to the Standard and Poor’s Case Shiller Home Price Index. 

Read more
Boeing Dreamliner
3:06 pm
Fri July 26, 2013

Boeing Reassigns Chief Project Engineer for 787 Dreamliner

The 787 Dreamliner assembly line in Everett
Ashley Gross KPLU

Boeing’s chief project engineer for the 787 Dreamliner, Mike Sinnett, has been reassigned to a new job. Sinnett shepherded the Dreamliner through the battery crisis earlier this year.

He will become a vice president of product development, in charge of preliminary airplane design. He will also head research and development for Boeing Commercial Airplanes. 

Bob Whittington is shifting from his current position as chief project engineer of the 777 to replace Sinnett on the 787. Larry Schneider will replace Whittington on the 777 program.

Read more
Business
3:50 pm
Thu July 25, 2013

Amazon.com Posts 2Q Loss, Higher Revenue

FILE
Ross D. Franklin Associated Press

Amazon.com is reporting a loss in the second quarter as higher revenue was not enough to make up for rising operating expenses.

Amazon.com Inc. said Thursday that its loss was $7 million, or 2 cents per share, in the April-June quarter. That's down from earnings of $7 million, or 1 cent per share, a year ago.

Read more
Boeing
12:57 pm
Wed July 24, 2013

Boeing Raises Profit Outlook, Says It Will Keep Cutting Costs

Boeing's 787 production line in Everett
Ashley Gross KPLU

Boeing raised its earnings and revenue forecasts for this year, reflecting strong demand in both the commercial airplane and defense businesses. But company executives say they plan to continue cutting costs. 

Boeing has announced a series of layoffs in Washington state this year, and its local headcount has shrunk by more than a thousand since the end of January. CEO Jim McNerney says the company is operating in a “more-for-less world,” and that’s what’s driving the focus on reducing costs.

Read more
berry pickers on strike
5:22 pm
Mon July 22, 2013

Berry Pickers on Strike Again in Burlington

Workers at Sakuma Brothers Farms say they make less than minimum wage on the rates they earn picking berries by the flat.
Bellamy Pailthorp Photo KPLU News

For the second time this month, about 200 berry pickers at a Skagit Valley farm have walked off the job.

The workers are striking over pay for the boxes of blueberries and strawberries they harvest at Sakuma Brothers Farms in Burlington. Many of those berries are sold to Haagen-Dazs for ice cream. The workers in question have been earning $3.50 per a flat of blueberries, which is about 12 pints. They say they can’t pick them fast enough to earn a fair wage.

Read more
Business
7:41 am
Mon July 22, 2013

Seatac Businesses, Unions Stage Showdown over Minimum Wage

Powerful business interests and unions are staging a showdown in the small town of SeaTac. Tuesday night, the SeaTac City Council is supposed to vote on whether to put a living wage initiative on the November ballot.  

Airport workers affiliated with unions like the Service Employees International Union and the Teamsters collected signatures to put the measure on the ballot. It would set a minimum wage of $15 an hour for hospitality and transportation workers including people like baggage handlers at the airport.

Read more
microsoft earnings
4:11 pm
Thu July 18, 2013

With Weak Windows 8 Adoption, Microsoft Sales Fall Short

Sales of Microsoft's Surface tablet have been disappointing
Jason Howie

Microsoft sales and profit rose less than analysts expected in the most recent quarter as the company continues to struggle with slow adoption of its latest operating system.

Microsoft launched Windows 8 last year, but it was a radical makeover and sales have been disappointing. The company also rolled out its own tablet to compete with Apple’s iPad but that hasn’t sold well and Microsoft wrote off almost a billion dollars in the recent quarter related to tablet inventory. 

Read more
Business
8:11 am
Thu July 18, 2013

Growing Number of Workers Can Only Find Part-Time Work

FILE
Mike Groll Associated Press

Washington state’s economy is recovering, but a growing percentage of workers can only find part-time jobs, and that is shutting many of them out of employer-based health insurance.

Read more
Business
4:26 pm
Mon July 15, 2013

Alaska Air Challenges SeaTac Minimum Wage Initiative

Frank Kovalchek

Alaska Air Group is trying to quash a ballot initiative in the city of SeaTac that would hike wages for airport ground crew and other workers. 

The initiative would set a $15 per-hour minimum wage for hospitality and transportation workers in SeaTac—people at the airport like baggage handlers and folks who push wheelchairs, as well as hotel workers and employees at rental car companies.

Read more
price at the pump
9:04 am
Mon July 15, 2013

AAA: Average Gas Price in Wash. Up 9 Cents, Above National Avg.

The AAA auto club reports the average price of a gallon of gasoline in Washington is $3.88.

That's up 9 cents in a week, and it's 27 cents higher than the national average.

Read more
Business
5:00 am
Mon July 15, 2013

Analyst: Japan a Strong Contender for Boeing 777x Wing

Boeing's 777 assembly line in Everett
Ashley Gross KPLU

State and local leaders have promised Boeing expedited permitting to build its next 777 wide-body jet, as well as the plane’s carbon-fiber wing, in Washington. Still, the Puget Sound region faces competition for wing assembly not only from elsewhere in the U.S., but also from Japan.

Read more
contract negotiations
5:36 pm
Thu July 11, 2013

Alaska Airlines, pilots reach 5-year deal without mediation

Elaine Thompson Associated Press

In an industry known for intense labor disputes and protracted negotiations, there seems to be a departure. Alaska Airlines and its pilots agreed on a new contract on their own—with no mediation, no arbitrators.  

Read more

Pages