Business

Business
3:17 pm
Tue July 3, 2012

Boeing expects Asian demand to propel growth

clidstrom

Boeing says the world will need 34,000 new airplanes over the next 20 years, mostly driven by increasing demand from Asia.

Boeing has to plan 20 years down the line in an industry where designing and building a plane can take almost a decade. The company says it expects airlines will want even more single-aisle airplanes, like its 737s, which are made in Renton.

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Business
10:02 am
Tue July 3, 2012

Tacoma takes cargo shipping business from Seattle

TACOMA, Wash. — A new cargo ship called Monday at the Port of Tacoma.

The containership Dusseldorf Express was the first ship from the Grand Alliance of three shipping lines that once called at the Port of Seattle.

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The Two-Way
5:14 am
Thu June 28, 2012

JPMorgan's losses 'may reach $9 billion'

JPMorgan Chase & Co. headquarters in New York.
Emmanuel Dunand AFP/Getty Images

Originally published on Thu June 28, 2012 4:42 am

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Business
3:50 pm
Wed June 27, 2012

T-Mobile USA CEO Phillipp Humm resigns

Thomas Hawk

Bellevue-based T-Mobile USA says Chief Executive Phillipp Humm is leaving to join his family back in Europe. An analyst says Humm was probably tired of the parent company not investing enough in its U.S. subsidiary.

Humm was appointed CEO of T-Mobile USA less than two years ago by its parent, Deutsche Telekom. Then, a few months later, AT&T announced that it was buying T-Mobile. That deal ultimately unraveled after the federal government challenged it.

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ALASKAN WAY Viaduct
2:57 pm
Tue June 26, 2012

Future loss of parking challenging Pike Place Market

Site of the redevelopment dilemma facing Pike Place Market and the new waterfront once the Viaduct comes down.

The complete removal of Seattle’s Alaskan Way Viaduct is years away. The tunnel replacing it won’t open till 2015.

But this summer marks a crucial moment for the iconic Pike Place Market as the waterfront is redeveloped.

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Boeing
2:15 pm
Tue June 26, 2012

Boeing commercial plane chief Albaugh retiring

Boeing says Jim Albaugh will be replaced by Raymond L. Conner, who is 57. Conner is a former airplane mechanic who has been with the company since 1977.
The Associated Press

CHICAGO — The head of Boeing's commercial airplanes division is retiring.

Jim Albaugh has run the biggest division at Boeing for almost three years. He was brought in at a time when its expensive new plane, the 787, was struggling with delays.

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Business
2:11 pm
Tue June 26, 2012

Still mad about Chase's takeover of WaMu? You should be, author says

Kerry Lammert Flickr

J.P. Morgan Chase’s recent multi-billion dollar trading loss has knocked the bank far down the list of world’s most respected companies, according to the financial magazine Barron’s.  

That just adds to the company’s already tarnished reputation in the Northwest because of the way it took over Washington Mutual in a fire sale during the darkest days of the financial crisis in 2008. And that animosity is warranted, one expert says.

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The Two-Way
8:34 am
Tue June 26, 2012

Orbitz shows Mac users pricier hotels: Big deal or no brainer?

Using a Mac may mean you'll see some pricier options when booking online.
Justin Sullivan Getty Images

Originally published on Tue June 26, 2012 12:26 pm

There's lots of chatter today about The Wall Street Journal's report that:

"Orbitz Worldwide Inc. has found that people who use Apple Inc.'s Mac computers spend as much as 30% more a night on hotels, so the online travel agency is starting to show them different, and sometimes costlier, travel options than Windows visitors see."

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NPR tech news
11:39 pm
Mon June 25, 2012

Facebook changed your primary email address, but says It Warned You

Facebook recently changed all its users' primary email addresses.
Leon Neal AFP/Getty Images

Originally published on Tue June 26, 2012 5:28 am

A key change was made to your Facebook profile recently that you may not have noticed yet. Facebook has replaced the primary email address users entered in their profile contact information with brand-new @facebook.com addresses. These addresses allow you to email external accounts from your Facebook inbox. Forbes first noticed the change:

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Business
4:23 pm
Mon June 25, 2012

Downtown apartment construction signals a recovery

Construction has begun on the Insignia Towers, the first condo development in downtown Seattle since 2007
Ashley Gross KPLU

The number of apartments being built in downtown Seattle has jumped almost 10-fold compared with two years ago, suggesting the city’s downtown core is in the midst of a rebound.

The first condo building to start construction in five years also recently broke ground in the city's Denny Triangle neighborhood. That's another sign that the market may be beginning to revive, after the real estate crash brought condo construction to a halt.

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Business
5:00 am
Mon June 25, 2012

Washington stocks outperform the S&P 500, led by Expedia

Expedia suitcases in Florida
Shibby777

If you’ve been following the gloomy economic news, you might be surprised that lots of Washington stocks have been doing quite well this year.

Top of the pack so far this year? Expedia, the travel web site company based in Bellevue. Expedia stock has soared 66 percent so far this year.

What’s going on? Dan Su is an analyst with Morningstar who covers Expedia. She says the company has been overhauling its web sites to make them more user-friendly and to better compete with rival Priceline.

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Business
3:53 pm
Fri June 22, 2012

Liquor privatizers sue state regulators

Backers of an initiative to privatize liquor sales in Washington are suing state regulators for clinging to too much power in the newly opened marketplace. The Washington State Liquor Control Board has the job of interpreting provisions of the ballot measure passed last fall. But Costco, the Washington Restaurant Association and the Northwest Grocery Association say the board is using a heavy hand.

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Facebook and the markets
3:31 pm
Thu June 21, 2012

IPO life ... after Facebook's kerflop

Poster Boy Flickr

"It sucked the air out of the room."

NEW YORK (AP) — It's been a month since Facebook's IPO fell flat and in that time, the market for initial public offerings has collapsed.

No company has gone public since May 18, compared with 19 in the same period a year ago. Fourteen offerings have been withdrawn or delayed, according to Dealogic.

There are no public offerings scheduled this week. Of course, thanks to the European debt crisis, financial markets haven't been terribly conducive to IPOs. Still, venture capitalists say the fallout from Facebook's rocky IPO is making companies — especially those in the technology sector — cautious about going public.

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Opinion
10:06 am
Wed June 20, 2012

The Nation: Jamie Dimon Finally Takes Some Heat

House Financial Services Committee ranking member Rep. Barney Frank, D-Mass., (C) questions the heads of federal financial regulation organizations during a hearing on Capitol Hill June 19 in Washington, D.C. JPMorgan Chase Chairman and CEO Jamie Dimon also testified later in the day about his company's $2 billion trading loss earlier this year.
Chip Somodevilla Getty Images

Originally published on Wed June 20, 2012 6:17 am

George Zornick is a Washington reporter at The Nation.

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NBA arena
5:55 pm
Tue June 19, 2012

Should Seattle vote on NBA arena? Port calls it a 'job killer'

The proposed site for a new NBA arena in Seattle.

Port officials say placing a new sports arena in Seattle's SoDo neighborhood without significant transportation improvements would be a "job killer." And one King County councilman wondered if area residents shouldn't vote on the idea.

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