Business

Business news

seattebeernews.com

At the beginning of the year Poulsbo had no breweries. Now it has four.

The breweries produce small batches in kegs. None are bottling yet, but they hope to grow.

Elaine Thompson / AP

Home prices in major markets around the U.S. dropped to their lowest levels since 2006 in March. But not in Seattle.

After falling almost two percent in February, Seattle home prices were up a modest 0.1 percent in March, but still down 7.5 percent compared to March 2010.

NBBJ Architects

Everything about the Bill and Melinda Gates Foundation is looking big these days.

Photo by MïK / Flickr

Grays Harbor Paper has shut down its mill in Hoquiam, putting a dour end to what had been a success story for 18 years. 

240 workers are losing their jobs. Many were shocked by the announcement, according to King-5 news.

“I thought this place was going to be in for the long haul,” said Tony Harris, who had worked for Grays Harbor Paper for two years.

Charla Bear / KPLU

A new effort could make internet speeds 100 times faster for some small businesses and residential customers in Seattle. Mayor Mike McGinn announced a plan to bring fiber optic broadband to Pioneer Square as part of an ongoing effort to revitalize the neighborhood.

Ted S. Warren / AP

Washington's jobless rate is down to 9.1 percent after the state added an estimated 5,800 jobs in April.

The potential for new electronic billboards has brought an overwhelming negative response from Tacoma residents. So, the Tacoma City Council has approved a six-month moratorium on all billboards in the city, while a new policy is worked out.  

That reverses a legal settlement with Clear Channel. The company negotiated an agreement to put up new digital billboards in exchange for removing hundreds of traditional ones. Now, that agreement is on hold and the company is threatening to return to litigation.

Image courtesy of voipnovatos.es

Microsoft's biggest acquisition ever might have people in the region worrying about layoffs. Often when companies merge, redundant workers get pink slips.

But it sounds like employees of the Redmond tech giant don't have much cause for concern with Microsoft's $8.5-billion purchase of Skype.

Keith Seinfeld / KPLU

One of the most prominent demolition jobs since the Kingdome imploded is underway in Seattle’s Belltown neighborhood. This time, there will be no explosion, and the building is private instead of public. 

The 25-story McGuire Apartments saga is a sad one, says Doug Lo, a Belltown resident who was snapping photos with his phone, from across the street, at 2nd Ave. and Vine St.

"It's a nice building, and in this modern age, you'd think they would have built it correctly, from the get-go," he said.

Photo by Bellamy Pailthorp / KPLU News

A gigantic bridge-shaped piñata spewed more than four hundred pounds of candy last night in south Seattle. It was part of the Cinco de Mayo celebration going on in the city's South Park neighborhood. 

Earlier in the day, officials broke ground on a new $130-million-dollar bridge that's going to re-connect that community to major highways.

Justin Shearer / flickr.com

Remember the bidding wars over Seattle area homes before the housing bubble burst? Well, we're not returning to those crazy days just yet, but the Northwest Multiple Listing Service (NWMLS) says there are signs that the market may be warming up a bit. Home sellers in some neighborhoods are seeing multiple offers again. But it's not a boom; overall, the latest numbers show fewer sales and lower prices than a year ago.

Seeking Opportunities Developing Occupations (SODO, Inc.)

The recession has been tough on workers in the trades. The latest state unemployment report showed construction had a particularly bad month between February and March. That’s not stopping a job fair aimed at attracting more women to building and repair industries.

AP

Boeing’s CEO says it was likely sloppy work, not a design flaw, that resulted in a hole in a Southwest Airlines jet. On April 1st, a Boeing 737 developed a 5-foot tear in the roof while in flight.

Ben Margot / AP

"Initial Public Offering," or I-P-O, is a buzz term that was talked about a lot in the boom years of the late 1990s – especially in Seattle, where lots of high-tech startup companies were thriving at that time.  They've been pretty scarce lately.  But they may be coming back.

Charla Bear / KPLU

Some industries are slowly creating jobs again, but construction isn’t really one of them. The state lost about 2,400 construction jobs just last month, according to state employment economists. But in Seattle, hope could be on the horizon.

The clanking and pounding sounds of construction are starting to return to the city. Some builders who work on high-rise projects have been able to dust off their nail guns, thanks to a growing demand for apartments.

Pages