Business

Business
5:19 pm
Fri November 5, 2010

Starbucks earnings double

Starbucks reported strong 4th quarter earnings, a nod the company has overcome some rocky times.
Photo by Gary Davis/KPLU

Just two years ago, Starbucks was laying off staff and closing hundreds of US stores in its efforts to slash costs and restore the chain to profitability. Now it's reporting record earnings for the fourth quarter, with profits up 86% compared to a year ago.

Starbucks says its turnaround has ushered in a new phase of growth. Sales in the US and abroad increased by 8% during the quarter.

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Business
1:56 pm
Thu November 4, 2010

Tacoma's loss, Seattle's gain: Russell Move Complete

Part of Russell Investment's newly remodeled space in the former WaMu Tower in downtown Seattle. It's now the Russell Investment Center.
Russell Investments

What was once the WaMu Tower is now the Russell Investment Center. The financial services company that was downtown Tacoma's largest employer has now formally opened its new headquarters in downtown Seattle.

Seattle's civic leaders turned out in full force to welcome the company famous for its stock market indexes. 900 well-paid employees now occupy five floors of the skyscraper at 2nd and Union, next door to the Seattle Art Museum.

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Debtors' Prisons
12:30 pm
Mon October 4, 2010

ACLU Report Says People Shouldn't Be Jailed For Their Debt

A followup to a story we brought to you two weeks ago: the ACLU issues a report Monday that condemns the practice of jailing people in legal trouble because of their debts. Washington is cited in the report because its attorneys can seek arrest warrants for people who ignore orders to show up in court to face their creditors. KPLU's Doug Nadvornick reports.

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The ACLU decries what it calls the "Rise of America's New Debtors' Prisons."

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