Business

Business
5:15 pm
Thu November 1, 2012

Starbucks raises profit outlook for next year, will open 1,300 stores

imacgyv0r

Starbucks is continuing to thrive despite a lackluster economy. The coffee giant is raising its profit target for the coming fiscal year and says it plans to add 1,300 new stores around the world. 

People may be feeling strapped these days, but they’re still indulging in lattes at Starbucks. The company says sales climbed 11 percent in the most recent quarter, and Starbucks expects revenue to grow as much as 13 percent next year.

R.J. Hottovy is an analyst for Morningstar who covers Starbucks.

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Microsoft
2:38 pm
Thu November 1, 2012

Maine firm sues Microsoft over Windows 8 elements

PORTLAND, Maine – A small technology company based in Portland, Maine, has filed a patent infringement lawsuit against Microsoft over elements included in Windows 8.

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privatizing liquor
11:26 am
Wed October 31, 2012

Washington auctioning off liquor inventory

The Washington Liquor Control Board auctions off 15,000 cases of alcohol Thursday to the highest bidder with a liquor license.

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Business
3:56 pm
Tue October 30, 2012

Seattle crew behind "I Can Has Cheezburger" gets a TV show

The "I Can Has Cheezburger" network's new TV show on Bravo is called LOLWork.

The funny people behind the web site I Can Has Cheezburger – known for its silly cat pictures – are getting their own TV show.

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Business
12:16 pm
Tue October 30, 2012

Paper Mill Reopening On Wash. Coast Is Cause For Celebration

Ron Grant is back on the job at the recently reopened paper mill in Grays Harbor County. Photo by Austin Jenkins

Originally published on Mon October 29, 2012 6:03 pm

HOQUIAM, Wash. – Nearly 300,000 people in Washington are still unemployed and looking for work. But there was reason to celebrate Monday in coastal Grays Harbor County – where the unemployment rate is tied for the highest in the state. A shuttered paper mill there recently roared back to life. With it came 175 jobs.

It was a party atmosphere inside the long, narrow shipping warehouse at Harbor Paper. Several hundred people milled about as dignitaries, including Governor Chris Gregoire, mounted a makeshift stage.

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Business
8:47 am
Fri October 26, 2012

Boeing touts outsourcing for suppliers

Boeing is encouraging its suppliers to attend a workshop next month to learn how to outsource business to Mexico.

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Still?
7:26 am
Wed October 24, 2012

Equal Pay For Equal Work: Not Even College Helps Women

Barnard College graduates listen to President Barack Obama at commencement ceremonies on May 14, 2012.
Richard Drew AP

Originally published on Fri June 27, 2014 6:55 am

A startling new report finds freshly graduated college women will likely face this hurdle when entering the work world: they're worth less than equally educated men.

The American Association of University Women is releasing a new study that shows when men and women attend the same kind of college, pick the same major and accept the same kind of job, on average, the woman will still earn 82 cents to every dollar that a man earns.

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Business
10:46 pm
Tue October 23, 2012

Is Amazon.com taking over the world?

soumit

Amazon.com recently gobbled up more than $1 billion dollars’ worth of real estate in Seattle’s South Lake Union neighborhood. The company is growing like crazy – we’ll hear on Thursday how fast quarterly sales and profit are growing. 

It’s spread way beyond retailing – the latest is that Amazon is functioning like a bank – lending money to its third-party merchants. It's just one of the many ways in which Amazon is flexing its muscles. 

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NPR tech news
7:32 am
Tue October 23, 2012

Microsoft, an empire under siege, makes its next moves

Microsoft CEO Steve Ballmer speaks at a Microsoft event in San Francisco in July. This week, Microsoft launches Windows 8, a radical redesign of its operating system, as well as a new set of tablet computers.
Jeff Chiu AP

Originally published on Tue October 23, 2012 3:49 pm

Microsoft, the company that defined the PC, is still enormously profitable — but not as profitable as it once was.

This week, Microsoft will try to regroup. It is rolling out the largest upgrade of its Windows software in more than a decade. All of this is meant to help the company break into the exploding market for mobile.

While the company still commands a formidable computing empire, it is now under attack.

Microsoft's CEO is Steve Ballmer, a big, bombastic, balding guy. These days he's riled up about Windows 8.

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Consumer Safety
12:16 pm
Fri October 19, 2012

Banana Boat recalls sunscreen due to fire risk

The maker of Banana Boat sunscreen is recalling some of its spray-on products after reports that a handful of people have caught on fire after applying the lotion.

Energizer Holdings is pulling nearly two dozen formulations of UltraMist off store shelves due to the risk that the lotion can ignite when exposed to open flame.

The recall includes products like UltraMist Sport, UltraMist Ultra Defense and UltraMist Kids.

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Northwest Businesses
10:58 am
Fri October 19, 2012

Sprint expands stake in Bellevue-based Clearwire

Telecom giant Sprint is poised to take a controlling interest in Washington-based wireless provider Clearwire.

Originally published on Thu October 18, 2012 6:54 pm

Telecommunications giant Sprint is poised to take a controlling interest in Washington-based wireless provider Clearwire. Clearwire's high-speed wireless data connections cover 80 major markets nationally, including a dozen in the Northwest.

Sprint is flush with cash after a Japanese cell phone company pumped $20 billion into it earlier this week. That gave the Kansas-based Sprint the boost it needed to buy another $100 million in Clearwire stock. The purchase pushes Sprint's ownership to just over 50 percent of the Bellevue company.

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Business
8:24 am
Tue October 16, 2012

How do you say "globalization" in Wolof? Conference in Seattle focuses on translation

Washington state depends on exports – but the world’s many languages can be a barrier. Executives from 31 countries are gathering in Seattle this week to talk about translating everything from instruction manuals to smartphone apps.

To hear the complete story, click on the "listen" button above.

Business
10:09 am
Thu October 11, 2012

Tully's Coffee files for Chapter 11 bankruptcy protection

Andrew Buckingham

The Seattle-based coffee chain Tully’s says it’s going to reorganize under chapter 11 bankruptcy. Tully’s has long struggled to find a profitable niche amid fierce competition from its hometown rival Starbucks. A string of CEOs tried and failed to turn the company around.

Scott Pearson has been at the helm for a year and a half. He says expensive leases signed in the boom years have weighed the company down. Competition has also hurt.

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Business
3:00 pm
Wed October 10, 2012

Reports: Tully's Coffee files for bankruptcy

The company plans to close more stores, too.
Michael Pick Flickr

The Seattle coffee chain Tully's Coffee, sometimes lost in the shadow of the much more successful Starbucks, has filed for bankruptcy protection and hopes to renegotiate its real estate debt, report several news sources.

The Seattle Times says the company is no longer burdened by huge debt but it is cash poor and will likely close more stores.

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Liquor privatization
4:23 pm
Tue October 9, 2012

Washington liquor sales show continued strength

With liquor privatization came higher prices, but much greater availability.
Jake Ellison KPLU

OLYMPIA, Wash. – Washington liquor sales are showing signs of continued strength after the state moved to a privatized system.

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