Business

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Business
4:43 pm
Tue July 12, 2011

Lynnwood bank gets millions from Fed to help small businesses

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.

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Hanford Nuclear Reservation
8:53 am
Tue July 12, 2011

New investigation planned into Hanford’s safety culture

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.

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Hanford Nuclear Reservation
8:23 am
Mon July 11, 2011

Energy's deputy secretary to address safety at Hanford

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.

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Finally, harvest time
10:24 pm
Sun July 10, 2011

Late Northwest cherry season begins

Francisco, Suares, 32 of Michoacán, Mexico, harvests ripe bing cherries at Broetje Orchards near Prescott, Wash. Although he only has two fingers on one hand, he’s still a quick picker.
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)

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