Business

Business
10:05 am
Mon February 20, 2012

AAA: Average prices of gas in Washington $3.64

BELLEVUE, Wash. — The AAA auto club reports the average price of a gallon of gasoline in Washington is $3.64.

That's up 11 cents in a week, 17 cents in a month and 29 cents in a year. It's 7 cents higher than the national average.

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Boeing 787
6:00 pm
Fri February 17, 2012

President Obama takes Boeing tour in Everett

After touring the Boeing 787 plant in Everett, President Obama walked down the steps of a new plane to greet the crowd of workers, community members, and a sea of media.
Paula Wissel

Speaking in Everett in the massive building where Boeing 787's are assembled,  President Barack Obama praised the aerospace company for succeeding at keeping jobs in the United States.

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Washington State Legislature
9:46 am
Thu February 16, 2012

Washington Democrats may find path to avoid sales tax measure

If Washington's new revenue forecast is positive, the state may avoid the governor's proposal to ask voters to approve a half-penny sales tax hike. Photo by Austin Jenkins

Originally published on Wed February 15, 2012 5:31 pm

OLYMPIA, Wash. – Democrats in the Washington legislature are suddenly hopeful they can rebalance the state budget without asking voters to approve a tax hike. Their optimism comes even before they see the latest revenue forecast out Thursday.

For majority Democrats the budget stars could be aligning. A new caseload forecast shows demand for state services is down. That means the current $900 million budget hole drops to less than $600 million. Plus, House Republicans have reversed their position and now support ending a tax break for out of state banks.

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Business
9:45 am
Thu February 16, 2012

Amazon buys office tower space in downtown Seattle

A downtown Seattle property owner says Amazon.com has agreed to buy three blocks where it could build three office towers.

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Boeing planes
10:24 am
Tue February 14, 2012

Boeing closes $22.4 billion deal with Lion Air

An artist rendering depicts a Boeing 737 MAX 9. Lion Air of Indonesia has agreed to become the first commercial customer for the plane.
Boeing

Originally published on Tue February 14, 2012 9:09 am

When your products sell for more than $80 million, selling one of them is a big deal. Selling hundreds of them in one deal means they're probably feeling pretty good over at Boeing right now. The aircraft company has finalized a deal to sell 230 jets to Lion Air of Indonesia, with a total list price of $22.4 billion — a record for Chicago-based Boeing.

The deal, which was first announced in November during President Obama's multi-country tour of Asia, includes 201 737 MAX jets and 29 of Boeing's extended range 737-900ERs.

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Tech news
2:34 pm
Thu February 9, 2012

Protesters at Apple stores demand 'ethical' products

Sarah Ryan, left, and Shelby Knox, with Change.org arrive at the Apple store at Grand Central to deliver petitions asking Apple to change its manufacturing practices.
Mary Altaffer AP

Originally published on Thu February 9, 2012 2:00 pm

In an effort to protest the working conditions in the Chinese factories that make Apple products, demonstrators delivered a petition to six different Apple stores in four different countries.

The petition, which asks the country to make "ethical" products, included about 250,000 signatures. Organizers said they were delivering them to Apple stores in Bangalore, London, Washington, D.C., San Francisco, Sydney and New York City.

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Wine Business
9:29 am
Thu February 9, 2012

Kalama wine bottle plant to restart, kick out 100 million bottles

The Kalama plant should be ready to restart in July, producing 100 million bottles a year for West Coast wineries.
Fabio Coatti Flickr

KALAMA, Wash. — Workers have jackhammered out tons of glass that hardened in an electrical furnace after it failed at a wine bottle plant at Kalama.

The old furnace has been removed and the Bennu Glass company is installing a new furnace that will be fueled by liquid oxygen to heat molten glass to 2,800 degrees.

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Economy
8:29 pm
Sun February 5, 2012

Stopping the 'brain drain' of the U.S. economy

Recent surveys show that a large percentage of graduates from the nation's top schools are taking jobs in consulting or financial sector.
Mary Altaffer AP

Originally published on Sun February 5, 2012 2:39 pm

Yale University student Marina Keegan received an email last May from Bridgewater Associates, one of the world's largest hedge funds, offering her $100 if she said why she didn't apply for a summer internship.

Keegan, an English major, decided to take Bridgewater up on its offer.

"It was only sort of once I was inside the room when I realized ... maybe I'm helping them perfect their recruiting machine, which is exactly what we were doing," Keegan tells weekends on All Things Considered host Guy Raz.

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Blog Of The Nation
8:56 am
Sun February 5, 2012

The 'other' thing you may not know about Facebook

Did you know Facebook had this "Other" folder?
Facebook

Originally published on Sun February 5, 2012 3:57 am

Now that Facebook has filed to go public, there's a lot of reflection on how the social media site became the mammoth it is today. The site has gone through a lot of changes in its eight years. Remember when you had to have a college email address to join? Remember when you had to type "thefacebook.com"?

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Economy
4:53 pm
Fri February 3, 2012

Economy does seems brighter to some Seattleites

The economy is looking a bit brighter to the Seattleites we talked to on Friday.
Cellular Immunity Flickr

The unemployment rate is at its lowest level in three years. The stock market is up.  But, are you feeling better about the economy? 

Maybe it was the economic news. Maybe it was the sun coming out for the first time in a while, but most people we talked to on the streets of downtown Seattle this afternoon said they were feeling positive.

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Boeing planes
1:22 pm
Thu February 2, 2012

Glitches canceled two ANA Boeing 787 flights

All Nippon Airways had to cancel two of its first long-haul Boeing 787 flights on a new route between Tokyo and Frankfurt because of software glitches.

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Business
4:05 pm
Wed February 1, 2012

Investors will get to friend Facebook by late spring

A giant "like" icon made popular by Facebook is seen at the company's new headquarters in Menlo Park, Calif.
Robert Galbraith Reuters/Landov

Originally published on Wed February 1, 2012 2:58 pm

Facebook is about to find out just how many people like it.

The wildly popular social networking media company decided Wednesday to begin allowing its many "friends" in the public to buy its stock — likely in late spring.

The company, which has more than 800 million users, filed documents with the U.S. Securities and Exchange Commission saying it is going forward with an initial public offering. The company set the price to bring in $5 billion with those initial shares, making this one of the biggest market debuts in history.

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Tourism and poverty
3:55 pm
Wed February 1, 2012

Gates Foundation opens the doors, a crack, with new vistor center

During the tour of the Gates Foundation's new visitor center.
Keith Seinfeld KPLU

If you’ve ever been past the huge new Gates Foundation campus near Seattle Center and wondered what goes on inside – your time has come.

The foundation is opening up its doors, at least a little bit. This weekend, a new visitor center opens to the public.

Read more at KPLU's Humanosphere.

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Business
1:03 pm
Wed February 1, 2012

Layoffs at Microsoft

Several news outlets, including the Seattle Times and ZDNet, are reporting layoff notices are going out at Microsoft today.

Ad Age is reporting 200 layoffs in marketing, including Chief Creative Officer Gayle Troberman.

The Two-Way
12:23 pm
Wed February 1, 2012

Tech world abuzz with word of Facebook's imminent IPO filing

Facebook founder and CEO Mark Zuckerberg speaks during a special event in 2010.
Justin Sullivan Getty Images

Originally published on Wed February 1, 2012 5:18 am

The tech and business world are buzzing this morning with the expectation that Facebook, the world's largest social network, will take the first step toward going public today.

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