Seattle Business

Damian Dovarganes / AP Photo

Weyerhaeuser is moving its headquarters from Federal Way to Seattle's historic Pioneer Square neighborhood, the company announced Tuesday.

The 114-year-old timber company will "divest the land and buildings it owns in Federal Way, Washington," according to a news release.

Erin Hennessey / KPLU

City leaders in Seattle are thankful there were no serious injuries yesterday – only property damage. Mayor Mike McGinn says he regrets the vandalism, but he says officer safety and the safety of bystanders were his highest priorities.

The mayor and his police chief held a show-and-tell news conference today to highlight the variety of weapons they confiscated during the May Day demonstrations.

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.

Seattle parking rates are going up in 4 neighborhoods, down in 11 neighborhoods and will stay the same in 7 others. Seattle Transportation Department spokesman Rick Sheridan says the upshot is that 73% of the city’s paid parking spaces will either stay the same or get a rate reduction. But several areas still face big hikes and community leaders are worried.

Photo by Gary Davis / KPLU

Starbucks has done it again. The coffee giant says its global revenues reached a record: $3 billion in the first quarter. Profits were up 44 percent compared to a year ago, thanks in part to the chain's growing popularity with coffee drinkers around the world.

AP

A futuristic Ferris Wheel is causing a flap in Seattle. 

The Seattle Center has announced  it is planning to install an extra-tall "observation wheel" reminiscent of the British capital's London Eye.  It will go up in April and remain for 18 months on the site of the Fun Forest for the Center's 50th anniversary, commemorating the 1962 World's Fair. 

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.