Business news

Microsoft Corp. today announced record fourth-quarter revenue of $17.37 billion for the quarter ended June 30, an 8 percent increase from the same period of the prior year, the company wrote in a press release.

Bellamy Pailthorp / KPLU

Starting tomorrow, struggling homeowners in Washington have new rights. 

The Foreclosure Fairness Act signed into law in April is designed to prevent unnecessary foreclosures primarily by requiring banks to take part in mediation if borrowers ask for it and doubling the number of housing counselors.

Associated Press

American Airlines placed the largest aircraft order in history – 460 new planes. It split those orders between the European aircraft maker Airbus and Washington’s own Boeing. But whether or not it’s a good thing for the local aerospace company is all in how you look at it.

KOMO-TV reports that the old Rick’s strip club on Lake City Way sold in June for $2.35 million has a new sign – “DreamGirls at Rick’s.”

DreamGirls is part of the Déjà Vu company and it appears that company will be running the property, which was seized last fall by investigators as part of a wide-ranging racketeering investigation of Frank Colacurcio, Seattle's most famous organized-crime figure.

Associated Press

Washington's employment data is showing mixed signals about the direction of the state's economy.

New figures released Wednesday morning by the Employment Security Department show Washington's unemployment rate grew to 9.2 percent in June, even though a separate indicator showed that the state added 3,600 jobs.

Deena Prichep

Vendors who sell so-called "street food" in Seattle can finally sell it ... on the street. Since the 1980s, food trucks have been restricted to private property.

The city council passed a measure that now gives them the go ahead to hawk goodies from public curbs.

With the loss of revenue, the impact of inflation and rising population, Washington’s government is providing one-fifth (18 percent) fewer services.

That’s instruction in K-12, colleges and universities, road maintenance, health and welfare agents, building inspectors – you name it.

By the time this economic decline in government services gets ironed out, Washington could shed up to 20,000 government jobs statewide, says Seattle economist Dick Conway, who is also co-publisher of the Puget Sound Economic Forecaster.

OLYMPIA, Wash. – JPMorgan Chase charges Washington approximately 700-thousand dollars a month to issue food and cash welfare benefits via debit card. But public records show Washington is paying a premium compared to other states. Olympia Correspondent Austin Jenkins continues our coverage of Washington’s electronic benefits program.

OLYMPIA, Wash. – Washington spends nearly four times what Michigan does to provide food and cash benefits via debit card. That’s just one of the findings in a recent survey of what states are paying large financial institutions to provide welfare benefits electronically.

Andrew W. Sieber / Flickr

For the fifth time, Boeing has stopped deliveries of airplane sections for its 787 Dreamliner from suppliers to the assembly line, once again slowing production.

U & I Financial Corp, a small community bank in Lynnwood, is one of the first in the nation to get access to special funds from the Small Business Lending Fund – a federal program created to get cash flowing into the hands of small business owners.

RICHLAND, Wash. – The U.S. Department of Energy plans to launch a new investigation into safety culture at Hanford’s waste treatment plant, Deputy Secretary Dan Poneman reported to workers at the plant on Monday.

RICHLAND, Wash. – The number two manager at the U.S. Department of Energy is scheduled to speak to workers at the Hanford Nuclear Reservation today. The visit comes after criticism of Hanford's safety culture by a federal nuclear safety watchdog.

Anna King / Northwest News Network

RICHLAND, Wash. – The cherries are finally ready for harvest in the Northwestern U.S. A cold spring means that this is the latest cherry season anyone can remember. The Northwest News Network’s Anna King has this audio postcard from one of the largest fruit orchards in the world. (Watch the story inside)

U.S. produce is about to get cheaper in Mexico. That includes apples, pears and potatoes from the Northwest.

Mexico has agreed to lift a tariff it added three years ago in retaliation over a dispute with the U.S. Northwest farmers are now working to win back their customers south of the border.

OLYMPIA, Wash. - Animal welfare groups in Oregon and Washington are shelving initiative petition drives that could have required egg producers to give hens more spacious cages.

The Humane Society of the United States says it's hatched a surprise national agreement with the egg industry for the treatment of chickens on farms. This comes as a ballot measure drive in Oregon for the 2012 election was getting started.

Steve Platzer /

Some of the biggest names in media and technology converge on Sun Valley, Idaho this week.

They're attending an annual retreat known to produce major industry-shaping business deals – one of those deals likely to be shaped involves Microsoft, Facebook and Skype.

PNNL / Flickr

The Pacific Northwest National Laboratory in Washington state gets about 4 million cyber attacks a day. But workers there are just now getting back online after a sophisticated attack shut down most Internet services last Friday.


Today Washington state closes its official tourism agency making it the only state in the nation to abandon all funding for self-promotion. The closure comes at a time when tourism is one of the fastest growing economic sectors in the world.

The state Department of Ecology says it has fined the Boeing Co. more than $100,000 for a 300-gallon jet fuel spill in to the Duwamish waterway.

According to the department, the spill happened in May, 2010 at Boeing fuel terminal in south Seattle. It says that workers were delivering to a storage tank when they noticed the spill. However, they thought the spill had been contained to Boeing's property.

Associated Press

One of Seattle’s seediest buildings is going up for auction on Wednesday. Rick’s Nightclub on Lake City Way was seized by federal agents more than a year ago.


LE BOURGET, France — Boeing is showcasing it 787 Wednesday at the Paris Air Show.

After a three-year delay the first new 787 is expected to be delivered in August or September to All Nippon Airways.

Allan Foster / Flickr

In what is likely to be a contentious summer debate, the Seattle City Council will receive a proposal this week to mandate all Seattle workers be allowed between five and nine paid sick days a year.


If you question whether the Alaskan Way Viaduct in Seattle should be replaced with a deep-bore tunnel, a trip to Madrid, Spain, could clear up some uncertainties. That’s all Governor Chris Gregoire said it took to confirm her decision.

NORTH CHARLESTON, S.C. – About two dozen protesters have gathered in North Charleston as a congressional committee opens a hearing on the National Labor Relations Board complaint against Boeing.

The U.S. House Committee on Oversight and Government Reform is convening here Friday to discuss the complaint.

Outside the chamber, Charleston docks worker Georgette Carr said the state needs good jobs but that companies shouldn't be allowed to break federal labor laws in creating them.



Craig McCulloch / KPLU

The day after mayhem erupted on the streets of Vancouver, B.C., over the Canucks’ loss to the Boston Bruins in the Stanley Cup final, thousands of residents came downtown to help with cleanup efforts and write messages on the sheets of plywood covering shattered windows.

Two ranking Democrats say a labor board attorney shouldn't have to testify about an ongoing lawsuit over South Carolina's Boeing plant.

Washington Governor Chris Gregoire says JP Morgan Chase must figure out a way to make their ATMs warn welfare clients of an 85-cent fee to withdraw cash. The governor made her comments Wednesday after she declined to veto the disclosure requirement.

In a new study, Washington teens are only slightly better off than teens in Georgia when it comes to unemployment rates, and that puts them second in the country for the worst employment opportunities.

The analysis of newly-released Census Bureau data by the fiscally conservative Washington, D.C.-based group Employment Policies Institute finds that 25 states have teen unemployment above 25 percent as of April. And, when data about discouraged job seekers is factored into the picture, 23 states have rates above 27 percent.

Washington’s rate plus the discouraged job seekers is 35.4 percent, the Institute reports.

Associated Press

Washington's slow economic recovery is sputtering.