Business

Business
12:54 pm
Thu May 3, 2012

Facebook sets $28 to $35 price range for IPO

NEW YORK — Facebook has set a price range of $28 to $35 for its initial public offering of stock.

At the high end, this could raise as much as $11.8 billion. That's much higher than any other Internet IPO in the past, even Google Inc. in 2004.

Read more
May Day protests
5:20 pm
Wed May 2, 2012

Mayor: Safety trumped vandalism in May Day response

All that remained of May Day protests around Westlake Center on Wednesday were a few boarded up windows and lingering questions around why the violence had to break out when the vast majority of demonstrators were peaceful.
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.

Read more
Boeing
9:39 am
Tue April 24, 2012

Boeing reportedly planning composite wing plant for Wash.

Boeing workers in Washington hope the company will decide to build carbon-fiber composite wings for a bigger 777 in the state.

Read more
Economy
4:36 pm
Thu April 19, 2012

Alaska Airlines navigating through rising fuel costs

Alaska Air Group announced a profit for the 12th-consecutive quarter. Photo courtesy Alaska Airlines

Originally published on Thu April 19, 2012 2:48 pm

Alaska Airlines and its subsidiary Horizon Air continue to make money despite sharply higher fuel prices. Executives with the Seattle-based airline group Thursday reported a 12th-consecutive quarterly profit.

CEO-elect Brad Tilden says the $28 million net profit in this year's first quarter is "marginally" smaller than the same quarter last year.

Read more
Occupy Seattle
3:30 pm
Tue April 17, 2012

Protesters stage mock foreclosure on Wells Fargo Bank

Protesters staged a mock foreclosure of Wells Fargo Bank as part of a tax day protest.
Paula Wissel KPLU

In a scene reminiscent of last fall’s Occupy Seattle protests, several hundred people rallied in downtown Seattle today shouting that the 1 percent needs to pay more in taxes. 

Activists marched to the Wells Fargo Bank building on 3rd Avenue and stretched large faux yellow crime scene tape around part of it. They pretended to auction off assets such as the CEO’s salary.

Read more
Sports Arena
3:17 pm
Mon April 16, 2012

NBA arena for Seattle deal isn't without risk, council told

King County Executive Dow Constantine, left, and proposed arena financier Chris Hansen (photographed at a press conference in Seattle on April 5) face some skepticism from the King County Council.
Jonathan Klapel KPLU

If an NBA team comes to Seattle, what guarantees are there that it won’t leave again? That’s one of the questions King County Council members are asking.

As a proposal for a privately built basketball and hockey arena works its way through the political process, both Seattle City Council and King County Councils are mulling it over.

Read more
A Blog Supreme
2:33 pm
Mon April 16, 2012

Why tax day is even worse for musicians

The contradictions between art and business are set into relief by the U.S. income tax code.
iStockPhoto

Originally published on Tue September 18, 2012 3:05 pm

Tomorrow is the income tax filing deadline in the U.S., and jazz musicians in particular know it. The overwhelming majority of jazz musicians are freelance performers (and often freelance teachers, composers and other music-related service providers). But the informal aesthetics of the jazz world often extend to its business practices as well, with its handshake deals and cash payments. That makes it quite difficult to keep track of income and expenses when it comes time to report to the Internal Revenue Service.

Read more
Business
11:02 am
Thu April 12, 2012

U.S. letter carriers rally to 'save America's postal service'

Curtis Gregory Perry Photo Flickr

U.S. postage rates went up again at the start of this year. But the service is still in financial crisis.

And letter carriers say the latest legislative fix about to come before the U.S. Senate could devastate the mail service as we know it.

Read more
The Two-Way
7:58 am
Wed April 11, 2012

Justice Dept. accuses Apple and others of fixing e-book prices

Reading a book on an iPad.
Manu Fernandez AP

Originally published on Wed April 11, 2012 7:55 am

Apple Inc. and other publishers have conspired to limit competition and fix the prices of e-books, the U.S. Justice Department alleges in a suit filed today.

According to The Wall Street Journal:

Read more
Europe
8:47 am
Wed April 4, 2012

The Secret To Germany's Low Youth Unemployment

Metal-working apprentices train in Leipzig, Germany, in 2010. Germany has Europe's lowest youth unemployment rate, thanks in part to its ancient apprentice system, which trains about 1.5 million people each year.
Waltraud Grubitzsch DPA/Landov

Originally published on Wed April 4, 2012 11:47 am

For as long as he can remember, German teenager Robin Dittmar has been obsessed with airplanes. As a little boy, the sound of a plane overhead would send him into the backyard to peer into the sky. Toys had to have wings. Even today, Dittmar sees his car as a kind of ersatz Boeing.

"I've got the number 747 as the number plate of my car. I'm really in love with this airplane," the 18-year-old says.

Read more
Economic woes
4:11 pm
Tue April 3, 2012

Extended unemployment benefits ending in Washington and Oregon

Originally published on Tue April 3, 2012 12:00 am

OLYMPIA, Wash. - Thousands of long-term unemployed workers in Washington and Oregon will soon no longer receive unemployment checks. The federal government won't pay for extended benefits anymore because the jobless rates have improved in both states.

Washington and Oregon's employment departments announced that one emergency unemployment program is being curtailed and another is being shut down completely this month. That shortens the maximum time a worker can collect unemployment from nearly two years down to about a year and five months.

Read more
job safety
10:08 am
Thu March 15, 2012

Workplace deaths fall to record low in Washington

The number of people killed on the job in Washington fell last year to the lowest number on record. Just 51 people died at work in 2011 – a big drop compared to 89 in 2010.

The Department of Labor and Industries is at a loss to explain why the number has fallen. They point to several areas where deaths declined. The biggest drop came among farm and forestry workers.

Read more
Boeing
6:59 am
Tue March 13, 2012

Boeing employment in Washington highest since 1999

Boeing's payroll in Washington has risen to more than 82,000 workers.

That's up nearly 9,000 jobs since the end of 2010, and the highest Boeing employment in the state since 1999.

The News Tribune reports the company has more than regained the jobs Boeing cut after the 9-11 attacks. Companywide, Boeing employed nearly 172,000 workers at the end of February.

Boeing
3:48 pm
Mon March 12, 2012

Boeing, Airbus both claim WTO victory

NORMANDY, France – Both U.S. and European officials are claiming victory after a global trade court ruled in a long-standing dispute over claims of illegal government subsidies to Boeing and European rival Airbus. 

Read more
Privatizing liquor
2:08 pm
Fri March 9, 2012

Wash. auctioning off liquor licenses from its soon-to-close stores

Pat McLaughlin, with the Washington State Liquor Control Board, said bids for the licenses start rolling in within hours of an auction’s start.
Monica Spain KPLU

You won’t hear the gavel sound at this auction. But you may want to pay attention anyway since the fate of your neighborhood liquor store may figure in. The Washington State Liquor Control Board has  opened an online auction as part of the next step toward liquor privatization.

Read more

Pages