Business

boeing package
10:07 am
Thu November 7, 2013

Gas Tax or No Gas Tax in Special Session?

This image shows the Boeing 777x assembly line in Everett, Wash.
Ashley Gross KPLU

As Washington lawmakers convene in an effort to win production of the next Boeing 777x, there’s already a dispute over whether one of the must-haves is a gas tax package for transportation improvements.

Gov. Jay Inslee insists the time is now, but some lawmakers say road funding can wait.

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Business
3:28 pm
Tue November 5, 2013

Boeing Offers Deal to Keep 777X in Wash., Inslee Calls Special Session

This image shows the Boeing 777x assembly line in Everett, Wash.
Ashley Gross

 

Boeing Co. has proposed an eight-year labor agreement that would guarantee construction of the new 777X in the Puget Sound.

In response, Gov. Jay Inslee said he would call a special legislative session on Thursday in hopes of swiftly approving a package of bills to appease Boeing.

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grocery workers
12:18 pm
Thu October 31, 2013

Local Grocery Workers Approve Tentative Deal with Employers

Rhonda Ivie, who works at a Safeway in Lynden, was on the union's bargaining team.
Ashley Gross

Some 21,000 local grocery workers have overwhelmingly approved a tentative deal with their employers.

“They tried to turn us into Walmart, and they did not succeed," said Dave Schmitz, president of United Food and Commercial Workers Local 21.

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Business
1:43 pm
Wed October 30, 2013

Starbucks' Profit Climbs 34 Percent in Fourth Quarter

AP Photo

Starbucks says its profit rose 34 percent in its fiscal fourth-quarter, as the coffee chain attracted more customers around the world.

The Seattle-based company said global sales rose 7 percent at cafes open at least a year, including an 8 percent rise in both the U.S. and Asia.

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Business
12:12 pm
Wed October 30, 2013

Possible Reasons Boeing Plans 777X Design Outside of Seattle

Boeing's 777 assembly line in Everett
Ashley Gross KPLU

In a blow to Boeing's traditional base in the Puget Sound region, the company says it will do "much of the detailed design" for its next 777 wide-body jet in other states and Russia. 

Two top executives in Boeing's Commercial Airplanes division, Mike Delaney and Scott Fancher, told employees in a memo today that engineering teams in Charleston, South Carolina; Huntsville, Alabama; Long Beach, California; Philadelphia; and St. Louis. Engineers in Moscow will also help. 

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Business
10:00 am
Wed October 30, 2013

New Amazon Shopping Site Supports Charity

AP Photo

Amazon has launched a new website for its online store that will donate a fraction of shoppers' purchase amounts to charity.

Amazon.com Inc. launched the site, smile.amazon.com, on Wednesday. The world's largest online retailer says people will find the same items and the same prices that they would on its regular site or mobile app, with some exceptions.

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sign of the times
5:00 am
Mon October 28, 2013

A Rising Tide of People `Pushes Back' Against Technology

Ricardo Gomez of the University of Washington is looking for pictures of signs like this one.

Do the little alerts from your phone make you twitch? Is Facebook leaving you more depressed than satisfied? If you’re feeling tired of being constantly connected to the Internet, you’re not alone.

University of Washington researchers say there’s a new phenomenon on the rise. Called “pushback", it refers to people who are choosing to unplug. 

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It's Complicated
3:17 pm
Thu October 24, 2013

Alaska Airlines' Alliance With Delta Evolves into 'Frenemies'

Tom Banse

It’s a phrase typically used to discuss a messy relationship: "It's complicated."

Those are the words the president of Alaska and Horizon airlines used Thursday to describe the state of the alliance between the Seattle-based carriers and Delta Air Lines. You might also call these airlines "frenemies."

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Amazon earnings
1:54 pm
Thu October 24, 2013

Amazon Narrows 3Q Loss as Sales Jump 24 Pct

AP Photo

Amazon.com says that its fiscal third-quarter loss narrowed as revenue grew 24 percent to more than $17 billion.

The Seattle-based online retailer also said Thursday that it expects growth in its fourth-quarter revenue, indicating confidence as it enters the key holiday shopping season.

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microsoft earnings
1:37 pm
Thu October 24, 2013

Microsoft 1Q Profit, Sales Top Views; Shares Jump

Robert Scoble Flickr

Microsoft says its net income rose 17 percent in its fiscal first quarter despite a decline in Windows revenue from manufacturing partners as its enterprise software business grew.

Net income in the three months to Sept. 30 grew to $5.24 billion, or 62 cents per share, from $4.47 billion, or 53 cents per share, a year ago.

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equity crowdfunding
6:08 pm
Wed October 23, 2013

Selling Shares Online Soon Legal for Interested NW Entrepreneurs

Northwest entrepreneurs will soon have another way to raise money for small and new businesses. The Securities and Exchange Commission on Wednesday put out long-delayed draft rules for something called "equity crowdfunding."

So far, crowdfunding has been a vehicle mostly for artists, charities, and startups to solicit donors online. Supporters usually get a modest reward of some sort. Now, the SEC has detailed how crowdfunding could expand. Proposed new rules would allow startup companies to sell actual stock over the Internet to small-time investors. 

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Boeing Dreamliner
12:18 pm
Wed October 23, 2013

Boeing to Speed Up Production of 787 Dreamliner

Associated Press

Boeing says it will speed up production of its new 787 as it tries to catch up on a huge backlog of orders for the plane.

The company has orders for 890 of those planes that it has yet to build.

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Business
8:17 pm
Fri October 18, 2013

Grocery Workers Give 72-Hour Strike Notice

Bob B. Brown Flickr

About 21,000 grocery workers at QFC, Fred Meyer, Safeway, and Albertsons in the Puget Sound region have given notice that they plan to go on strike in 72 hours. 

That shows the two sides failed to reach agreement on a new contract, in spite of renewed negotiations this past week. Union officials have said the companies want to restrict health insurance to employees who work 30 hours a week or more, in addition to essentially freezing wages. 

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Business
4:31 pm
Tue October 15, 2013

Traditional Grocery Chains Wage a Two-Front Battle

File image
Nick Ut Associated Press

All you have to do is turn on your TV lately to see evidence of the grocery wars. 

One recent Walmart ad states: "With Fred Meyer fuel points, you could save $1.30 at the pump. At Walmart, you could have saved a total of $17.92." 

"Wow, that's awesome!" the woman shopper in the commercial exclaims. 

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Business
12:05 pm
Wed October 9, 2013

Costco Aims for World Domination (or at Least 36 More Stores)

Shoppers at Costco in Japan can pick up sushi along with paper towels and detergent
Danny Choo

You can already buy gigantic packages of toilet paper and toothpaste at Costco stores everywhere from Misato City, Japan, to Lidcombe, Australia. Those are just two of Costco's 634 stores worldwide. 

But now, Costco is planning a more aggressive expansion in the coming 12 months. The wholesale retailer says it aims to open as many as 36 more stores, 10 more than in the fiscal year that ended at the beginning of September. Half of those stores will be outside the U.S.

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