Business

changing of the guards
9:33 am
Tue September 10, 2013

CEO Jeff Raikes Retiring from Gates Foundation

Jeff Raikes speaks at an international water conference in Lincoln, Neb., Monday, May 3, 2010.
Nati Harnik Associated Press

The nation’s largest charitable foundation has a job opening. CEO Jeff Raikes announced Tuesday morning that he’ll be stepping down after five years of running the Bill and Melinda Gates Foundation.

Raikes started out as a Nebraska farm boy, and built a long career at Microsoft before transitioning to the Gates Foundation in 2008. He took over an organization ballooning in size, and he said one of his legacies is helping organize the foundation to support its enormous ambitions.

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rent-a-driveway
4:31 pm
Mon September 9, 2013

Websites Help You Rent Out Your Driveway

This screen grab was taken from parkatmyhouse.com.

First there was Craigslist. Then more specialized websites arrived to make it easier to rent out your spare bedroom, vacation home, or even your car.

Now, a new category catching on the Northwest allows drivers to reserve a parking spot in someone else's driveway.

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Business
2:04 pm
Mon September 9, 2013

Court Rejects Longshoremen's Challenge to Seattle Arena Plan

sonicsarena.com

A state appeals court ruled against the longshoremen’s union in its attempt to block a new NBA arena in Seattle’s SoDo neighborhood. 

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Business
5:00 am
Mon September 9, 2013

Darigold, Workers in Mediation as Contract Negotiations Heat Up

Washington state’s biggest private company is heading to mediation today with workers in Seattle, Issaquah and Tukwila. The negotiations between Darigold and its workers have gotten tense, and some staged an informational picket last week. 

Darigold’s butter and other dairy products are familiar to many shoppers in this area. It is a cooperative of more than 500 dairy farmers in the Pacific Northwest. In fiscal 2012, Darigold took in almost $2.5 billion in revenue.

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Business
5:00 am
Mon September 9, 2013

Group Aiming to Turn Renton into Fashion Industry Hub

Indie fashion, like this, created by Jonnie Rettele, is at the heart of a proposed garment district for Renton. Rettele, a recent transplant from Chicago, operates Nonnie Threads and is on the board advising the Seattle Fashion Incubator group.
Photo courtesy of the designer.

A group of local businesspeople wants to turn Renton into a fashion manufacturing hub.

The Seattle area has the fourth highest concentration of fashion designers in the U.S. behind New York, Los Angeles, and San Francisco. It also has a long history in retail, what with Filson, Nordstrom, and Eddie Bauer based here, just to name a few. 

What's seriously missing, though, is a concentrated supply chain. 

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living wage initiative
4:44 pm
Fri September 6, 2013

SeaTac Minimum Wage Initiative to Appear on November Ballot

Elaine Thompson Associated Press

After a legal tug-of-war, supporters of a $15 per hour minimum wage for some workers in SeaTac have gotten their initiative on the November ballot.

Alaska Airlines, the Washington Restaurant Association and an airport restaurant owner had challenged the validity of some of the petition signatures, but a panel of appeals judges ruled that those signatures should be counted and the measure will head to the voters.

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Business
4:14 pm
Thu September 5, 2013

Seattle Housing Authority Begins Long-Awaited Yesler Project

Ashley Gross KPLU

The long-awaited redevelopment of Seattle’s oldest public housing complex is finally underway. 

The Seattle Housing Authority had hoped to break ground on Yesler Terrace months ago, but tighter scrutiny by funders in this post-recession world delayed the project, says Seattle Housing Authority's Director of Development Stephanie Van Dyke. 

The city, the federal government, and J.P. Morgan Chase are funding the project. 

"Everyone really is doing, I would say, extra, extra due diligence on financing," Van Dyke said. 

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employment
1:34 pm
Thu September 5, 2013

Seattle Metro Area Ranks 1st for New Jobs, 2nd for Wage Growth

Jonathan Cooper

It appears the going is good for the working man in the Puget Sound area. 

The Seattle metro area saw the most new jobs last month, and the second largest wage growth in recent years in spite of the financial crisis, according to new reports.

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Microsoft
4:27 pm
Tue September 3, 2013

Developers: Microsoft Should Sell Windows Phones to Businesses

Lehtikuva, Mikko Stig AP Photo

Microsoft’s plan to buy Nokia’s cellphone business shows the company is serious about competing in the smartphone world. But developers of smartphone apps say Microsoft should focus on getting businesses to buy Windows Phones for their employees.

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Microsoft
9:40 pm
Mon September 2, 2013

Microsoft Buying Nokia's Devices and Services Unit

Microsoft says it is buying Nokia's devices and services business, and getting access to the company's patents, for a total of 5.44 billion euros ($7.2 billion) in an effort to expand its share of the smartphone market.

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startup spotlight
7:01 am
Sun September 1, 2013

Startup with New Business Model Pitches Cheaper Sewage Treatment

Blue Array co-owners James Reilly and Victoria Jelderks at the Vader sewage treatment plant.
Tom Banse

A startup company based in Vancouver, Washington is looking to upend the sewage treatment business.

There are literally dozens of small Northwest cities wringing their hands, trying to figure out how to add treatment capacity for growth, or simply update aging and failing infrastructure. This startup, named Blue Array, proposes to give interested cities and their ratepayers a treatment system for free with a service contract.

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Business
4:04 pm
Wed August 28, 2013

Seattle-Area Grocery Workers Stage Informational Pickets

Grocery store workers in the Puget Sound region are stepping up pressure on their employers as they try to reach a contract deal. They’re staging informational pickets everywhere from Bremerton to Seattle, to Lynnwood this afternoon to get their message out to customers. 

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guns & businesses
12:38 pm
Fri August 23, 2013

Advocates of Tougher Gun Laws Call for Starbucks Boycott

Advocates of stricter gun laws are targeting Starbucks over its policy to allow customers to openly carry firearms, where it's legal.
Moms Demand Action for Gun Sense in America

A group urging more restrictive gun laws is calling for a national boycott of Starbucks Saturday. The group is upset over Starbucks’ policy of letting customers bring firearms into stores in states that allow it. 

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Microsoft
8:03 am
Fri August 23, 2013

Microsoft CEO Steve Ballmer to Resign within 12 Months

Microsoft CEO Steve Ballmer, who succeeded founder Bill Gates as CEO, will retire within the next 12 months. The world's biggest software company did not name a successor, but one long-time Microsoft watcher says he expects the company to hire its next chief from within.

Microsoft Corp.'s stock rose more than 7 percent after the news. 

Just last month, Ballmer reorganized the company to emphasize hardware devices and services, rather than just software.

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Business
5:21 pm
Thu August 22, 2013

Ports of Seattle and Tacoma Invest for Growth—But Will it Come?

FILE - The heavy lift ship Zhenhua 23 delivers three 267-foot tall cranes to a Port of Seattle terminal Wednesday, July 25, 2012.
Chris Grygiel Associated Press

Container volume is down more than 8 percent at the ports of Seattle and Tacoma in July, most likely a reflection of the weak economy. But the ports also face longer-term challenges.

Competition from Canadian ports is fierce. Then there’s the widening of the Panama Canal, set to be done in 2015, which some people say could divert ships away from the Pacific Northwest. And then there’s the Chinese economy to think about.

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