Business

Medical Marijuana
4:19 pm
Wed July 27, 2011

Seattle mayor signs city's medical marijuana law

Mayor McGinn on Wednesday signed an ordinance creating a regulatory framework for medical cannabis operations within the City of Seattle.
Jen Nance Office of Seattle Mayor

Seattle Mayor Mike McGinn has signed an ordinance that will regulate medical marijuana shops like any other business.

Read more
Hanford Nuclear Reservation
5:11 pm
Tue July 26, 2011

Update: Hanford whisleblower says DOE too cozy with contractors

Hanford whistleblower says contractors have too cozy a relationship with Department of Energy.
Courtesy of Hanford Contractor Bechtel

RICHLAND, Wash. – A high-level Hanford whistleblower is accusing the Department of Energy of being too cozy with its contractors at the federal nuclear reservation.

Walter Tamosaitis made that accusation in a letter released Monday. (Updated with link to a copy of the letter.)

Read more
Business
10:59 am
Tue July 26, 2011

How's your trash can smell? Redmond company has solution

Screen grab of the company's website.

A new business is cleaning up trash cans in the Seattle area.

Steam and Clean of Redmond uses what look like garbage trucks. They pick up garbage cans at the curb and clean them with blasts of steam.

Read more
Fourth-quarter report
5:30 pm
Thu July 21, 2011

Microsoft strong on revenue, weaker with consumers

Microsoft’s Office division continued to drive revenue growth for the company.
Associated Press

Microsoft reported good news for its investors, announcing record revenues for its final quarter earnings and the 2011 fiscal year. But one analyst said slumping sales in Windows shows the company has some weakness when it comes to consumers.

Read more
employment
2:57 pm
Thu July 21, 2011

Go north? B.C. reports more jobs than workers by 2016

The Canadian job market might be the brightest spot on the Northwest's economic horizon.
Bruce Irschick Flickr

With Washington’s unemployment hovering at 9.2 percent and the economy sputtering along, new figures released yesterday in British Columbia makes one wonder if going north might not be the next big emigration story.

A new provincial government report predicts the number of skilled workers needed will exceed the supply of workers available by 2016. One million job openings are expected in B.C. by 2020.

Read more
Breaking: Fourth-quarter report
1:13 pm
Thu July 21, 2011

Microsoft reports record revenue

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.

Read more
Real Estate
6:00 am
Thu July 21, 2011

State homeowners gain new rights when facing foreclosure

South Seattle resident Marilyn Takemaru was part of a group of protestors who occupied the regional headquarters of Bank of America to get loan modifications.
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.

Read more
Airline orders
6:20 pm
Wed July 20, 2011

Boeing promises fuel efficiency, snags new orders for 737s

Boeing says it has promised to make the engines on its 737 airplane more fuel efficient to retain customers.
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.

Read more
Business
2:27 pm
Wed July 20, 2011

Former Rick’s strip club going back to stripping?

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.

Read more
Economy
10:41 am
Wed July 20, 2011

Washington jobs figures show mixed signals

Employment surveys were indicating positive numbers about the economy earlier this year, but those signals have grown less clear in the past couple months.
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.

Read more
Business
5:52 pm
Mon July 18, 2011

Seattle eases street food rules

Josh Henderson owns Skillet Street Food in Seattle.
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.

Read more
Budget surprises
1:45 pm
Fri July 15, 2011

Cut of 20,000 government workers could be next big surprise

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.

Read more
Business
11:16 am
Fri July 15, 2011

Wash. pays JPMorgan more for electronic benefits than other states

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.

Read more
Welfare benefits
10:38 am
Thu July 14, 2011

State pays a premium for use of debit card service

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.

Read more
Business
5:02 pm
Tue July 12, 2011

Another production slowdown for Boeing's 787 Dreamliner

Yet another delay in 787 Dreamliner production.
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.

Read more

Pages