Subscribe: Seattle Post-Intelligencer: Business News
http://seattlepi.nwsource.com/rss/business.rss
Added By: Feedage Forager Feedage Grade B rated
Language: English
Tags:
companies  company  european stocks  european  ford  fuel  lower  new york  new  oil prices  oil  prices  stocks  technology  vehicles   
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: Seattle Post-Intelligencer: Business News

Business Heds Index





 



Uber's airport service in Madrid under attack from town hall

Sun, 23 Jul 2017 13:03:39 UT

MADRID (AP) — The city of Madrid has asked Spain's anti-trust watchdog to investigate whether Uber's new airport transport service violates fair competition laws. In a statement Saturday evening, Madrid's city hall says "(Uber's) tariffs may violate several articles of the Law of Unfair Competition and consumer rights if they are below the cost of providing the service."



Chicago festival to mark Pokemon Go anniversary goes awry

Sun, 23 Jul 2017 00:44:30 UT

While no official attendance figures were available, organizers had planned for as many as 20,000 Pokemon players and "trainers" at the festival billed by Niantic as the first official anniversary event in the world. Late in the day, Niantic's Chief Marketing Officer Mike Quigley tried to placate irritated players by announcing that everyone who scanned a code when they entered the park would automatically receive the Legendary Pokemon Lugia, a rare and powerful creature difficult to defeat in virtual battle and prized by Pokemon enthusiasts.



Robot finds likely melted fuel heap inside Fukushima reactor

Sun, 23 Jul 2017 00:32:19 UT

TOKYO (AP) — Images captured by an underwater robot showed massive deposits believed to be melted nuclear fuel covering the floor of a damaged reactor at Japan's crippled Fukushima nuclear plant. During this week's probe, cameras mounted on the robot showed extensive damage caused by the core meltdown, with fuel debris mixed with broken reactor parts, suggesting the difficult challenges ahead in the decades-long decommissioning of the destroyed plant.



'Darknet' suspect's flashy cars raised eyebrows in Thailand

Sat, 22 Jul 2017 00:49:53 UT

The young Canadian accused of masterminding the world's leading "darknet" internet marketplace lived a seemingly quiet life for more than a year with his Thai girlfriend in a middle-class neighborhood on the outskirts of Bangkok. All in an area where people drive pickup trucks and children tool around on plastic tricycles. [...] according to the U.S. Justice Department, he was the mastermind of AlphaBay, an internet marketplace that traded in illegal drugs, firearms and counterfeit goods. On Thursday, U.S. Justice Department officials gave details of the global police operation that brought down Cazes, who authorities say hanged himself in his Thai jail cell a week after his arrest, and dealt a serious blow to illicit internet commerce. According to court documents, he also owned a luxury villa on the edge of a cliff in the holiday destination of Phuket and a $400,000 villa in Antigua. Merchants and buyers keep their identities secret by using encrypted communications and anonymity-providing tools such as the Tor browser. According to the indictment, he accidentally broadcast his personal Hotmail address in welcome messages sent to new users. [...] when he was tracked down and arrested in Thailand, Cazes was logged into the AlphaBay website as its administrator, allowing investigators access to passwords and other information, it says.



General Electric and Chipotle fall while Capital One climbs

Fri, 21 Jul 2017 21:52:49 UT

The industrial company said it expects to only reach the low end of its annual profit forecast range. The uniform rental company forecast a much larger annual profit than investors expected. The software company had a solid fourth quarter, but technology stocks lagged after a 10-day winning streak.



Business Highlights

Fri, 21 Jul 2017 21:48:06 UT

HOUSTON (AP) — A global police operation took down two illicit online drug bazaars in an innovative plan designed to sow uncertainty among buyers and sellers. The move, officials say, has yielded a trove of new intelligence about the drug merchants that operate in the hidden corners of the internet. NEW YORK (AP) — Authorities say the online marketplace AlphaBay operated much like any other e-commerce site, complete with dispute-resolution services and a public-relations manager to promote it. [...] instead of TVs and toilet paper, authorities say AlphaBay traded in illegal drugs, firearms and counterfeit goods. NEW YORK (AP) — The U.S. government says it seeks dismissal of charges against two ex-traders at JPMorgan Chase & Co. in a scandal that caused over $6 billion in losses after a trader known as the "London Whale" became an unreliable witness. SEATTLE (AP) — Amazon's new ready-to-eat meal package is the perfect recipe for someone who lacks time to shop and cook, yet has a healthy appetite and a need for balanced meals. European stocks fell after a report said the European Central Bank will make a decision about reducing its economic stimulus in October. (AP) — Nissan and the United Auto Workers union are pressing a high-stakes campaign for worker votes in Mississippi, two weeks before a vote on whether the union will represent as many as 4,000 production workers at the assembly plant. ATLANTA (AP) — Fire experts say U.S. building owners should review what materials are in their structures after a catastrophic fire in London showed how flames can quickly devour a high-rise building. Britain is investigating building materials to determine whether they helped spread a fire on Grenfell Tower that killed at least 80 people. Brent crude, the standard for international oil prices, shed $1.24, or 2.5 percent, to $48.06 a barrel in London.



How major US stock market indexes fared on Friday

Fri, 21 Jul 2017 21:41:48 UT

How major US stock market indexes fared on Friday NEW YORK (AP) — U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10-day rally for technology companies came to an end. [...] Wall Street mostly avoided the sharp losses that hit European stocks.



Review: Amazon meal kits offer easy dinners — for a price

Fri, 21 Jul 2017 21:38:19 UT

Amazon meal kits offer easy dinners — for a price SEATTLE (AP) — Amazon's new ready-to-eat meal package is the perfect recipe for someone who doesn't have enough time to shop and cook, yet has a healthy appetite and a need for balanced meals. The meal kit was the size of a loaf of bread, but it came in a heavy bag that resembled a large paper grocery bag. Inside was a silver insulated bag, nestled inside a cardboard frame, and six ice packs. All I needed were a few pots and pans, a knife and some vegetable oil. Everything else was provided, including some sesame oil in a tiny container to saute my veggies. Once done, I arranged the noodles, edamame and salmon on plates and sprinkled each with asparagus, mushrooms, scallions and sesame seeds. Amazon offers free delivery for orders over $40, but you lose freshness if you buy multiple meals at once. AmazonFresh also has light bulbs and laundry soap. [...] knowing I needed a few groceries and dinner, I went on AmazonFresh early Friday and was able to secure an evening delivery.



US stocks dip with energy prices; European stocks sink

Fri, 21 Jul 2017 21:35:32 UT

NEW YORK (AP) — U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10-day rally for technology companies came to an end. The price of U.S. crude oil fell 2.5 percent and pulled energy stocks lower. With yields down, investors who wanted income bought shares in companies that pay big dividends, such as utilities and household goods makers. European stocks took sharp losses after Reuters reported that the European Central Bank will consider paring back its stimulus programs in late October. "Europe is the economy that makes people the most nervous," said JJ Kinahan, chief market strategist at TD Ameritrade. General Electric skidded after it disappointed investors by saying it expects to reach only the low end of its annual profit forecast range. GE said its power unit struggled in the second quarter and low oil prices are also hurting its business. Brent crude, the standard for international oil prices, shed $1.24, or 2.5 percent, to $48.06 a barrel in London. Software giant Microsoft's fourth-quarter profit and sales surpassed Wall Street estimates as the company posted another round of strong results from its cloud computing business.



Wells Fargo ordered to reinstate whistleblower, pay $577,500

Fri, 21 Jul 2017 21:21:11 UT

NEW YORK (AP) — Wells Fargo is being ordered to reinstate a branch manager it fired in 2011 after the employee tried to blow the whistle on the bank's growing sales practices scandal.



House hunting? The best homes to see this weekend start at $359K

Fri, 21 Jul 2017 21:14:44 UT

These days, any homes listed under $750,o00 in Seattle can seem like a deal.




Markets Right Now: Energy, tech losses hit US stocks

Fri, 21 Jul 2017 20:13:17 UT

Stocks are closing lower as energy companies fall with oil prices and a winning streak for technology companies ends. European stocks tumbled following a report the European Central Bank will make a decision about reducing its economic stimulus in October. U.S. stocks are falling in midday trading, led by declines in industrial companies. Technology stocks were also weak, putting the Nasdaq composite on course to end a 10-day winning streak. Declines in technology and industrial companies are leading stock prices lower in early trading on Wall Street. General Electric slumped 4.5 percent in early trading Friday after investors were disappointed in a drop in sales in its electricity and automation business.



Ford says it will fight latest Takata recall

Fri, 21 Jul 2017 20:11:04 UT

Earlier this month, Takata filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda. [...] the National Highway Traffic Safety Administration has said that Takata tests showed the inflator propellant can degrade and will pose a safety risk if the inflators aren't replaced. Mazda, which used to be owned by Ford, said its trucks are based on Ford's Ranger, so it decided to follow Ford in seeking a recall exemption. Ford vehicles in question include the 2006 through 2012 Ford Fusion, Mercury Milan and Lincoln MKZ sedans, the 2007 to 2011 Ford Ranger pickup and the 2007 through 2010 Ford Edge and Lincoln MKX SUVs.



Police: Australian likely killed by Takata air bag inflator

Fri, 21 Jul 2017 20:05:50 UT

DETROIT (AP) — A man who died this month in a traffic crash near Sydney likely is the 18th person killed by a faulty Takata air bag inflator, Australian authorities said Friday. Takata of Japan uses the chemical ammonium nitrate to create a small explosion and inflate air bags in a crash. Takata air bags have touched off the largest automotive recall in U.S. history covering 42 million vehicles and up to 69 million inflators. Authorities in Australia and the U.S. have urged people to go to government or automaker websites to check if their vehicles have been recalled and to take them in for repairs as soon as possible.



US rig count decreases by 2 this week to 950

Fri, 21 Jul 2017 19:10:43 UT

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by two this week to 950. Houston oilfield services company Baker Hughes said Friday that 764 rigs sought oil and 186 explored for natural gas this week.



Legendary wildcatter Boone Pickens takes a Texas-sized fall

Fri, 21 Jul 2017 19:01:00 UT

Legendary wildcatter Boone Pickens takes a Texas-sized fall DALLAS (AP) — Famed oilfield wildcatter, financier and corporate raider T. Boone Pickens is addressing health issues after a "Texas-sized fall" put him in the hospital last week. Pickens built one of the country's biggest independent oil companies, Mesa Petroleum, before moving on to BP Capital and founding clean transportation fuels company Clean Energy.




Audi to update 850,000 cars as diesel recalls widen

Fri, 21 Jul 2017 18:30:27 UT

BERLIN (AP) — German automaker Audi says it will fit up to 850,000 diesel cars with new software to improve their emissions performance, following a similar move by rival Daimler as the auto industry tries to get ahead of public controversy over the technology. Separately, five German automakers — Mercedes-Benz, Opel and Volkswagen and its subsidiaries Audi and Porsche — last year agreed to recall a total of 630,000 diesel vehicles in Europe after it was found that real-world emissions often exceeded EU emissions standards. There have been calls for bans on diesels in several German cities due to concerns about pollution levels, while the government in the large southern state of Baden-Wuerttemberg has said it would reject such demands if automakers came up with a way to adjust older vehicles to reduce emissions levels. Diesels have lower emissions of carbon dioxide, one of the greenhouse gases blamed by scientists for global warming. Stock prices of automakers fell Friday after a report in Der Spiegel magazine that they had colluded for years on holding down the cost of diesel technology and that information about the meetings had been given to German anti-trust authorities.



Lyft forms own autonomous vehicle unit, will open network

Fri, 21 Jul 2017 17:51:58 UT

The San Francisco-based ride-hailing service said it will open its network, inviting automakers and tech companies to use it to haul passengers in their self-driving vehicles and gather data. Raj Kapoor, the company's chief strategy officer, says Lyft is pursuing the open strategy as a way to bring the environmental and safety benefits of autonomous vehicles to market faster. Like other tech companies and automakers, Lyft has partnerships with companies like Google's Waymo autonomous vehicle operation and with General Motors. The company, which carries passengers in 350 cities worldwide, says even when autonomous vehicles are in operation, it will still have humans in the driver's seat.



Hackers had access to millions of Social Security numbers

Fri, 21 Jul 2017 17:03:06 UT

(AP) — Hackers who breached a Kansas Department of Commerce data system in March had access to more than 5.5 million Social Security numbers in 10 states, along with another 805,000 accounts that didn't include the Social Security numbers, according to records obtained from the agency. The department will be required to pay for credit monitoring for most of the victims of the hacking, according to records obtained through an open records request by the Kansas News Service (http://bit.ly/2gQcgoq ). Besides Kansas, the other states affected by the hack are Arkansas, Arizona, Delaware, Idaho, Maine, Oklahoma, Vermont, Alabama and Illinois. The documents show the commerce department also contracted with private companies to help victims, provide IT support and to provide legal services.



Possible melted fuel seen for first time at Fukushima plant

Fri, 21 Jul 2017 16:23:49 UT

TOKYO (AP) — An underwater robot captured images of solidified lava-like rocks Friday inside a damaged reactor at Japan's crippled Fukushima nuclear plant, spotting for the first time what is believed to be nuclear fuel that melted six years ago. Cameras mounted on the robot showed extensive damage caused by the core meltdown, with fuel debris mixed with broken reactor parts, suggesting the difficult challenges ahead in the decades-long decommissioning of the destroyed plant. Experts have said the fuel melted and much of it fell to the chamber's bottom and is now covered by radioactive water as deep as 6 meters (20 feet). Kimoto said the robot probe in its two missions has captured a great deal of useful information and images showing the damage inside the reactor, which will help experts eventually determine a way to remove the melted fuel, a process expected to begin sometime after the 2020 Tokyo Olympics. The search for melted fuel in the two other reactors has so far been unsuccessful because of damage and extremely high radiation levels.



Jobless rates fall below 4 pct. in nearly half US states

Fri, 21 Jul 2017 15:48:16 UT

WASHINGTON (AP) — Hiring rose last month in 14 U.S. states in June, and the unemployment rate fell to record lows in two states, evidence that the job market is getting tighter across much of the country. Unemployment that low suggests that those states are at "full employment," when nearly everyone who wants a job has one and the unemployment rate reflects the normal churn of hiring and firing. [...] wage gains nationwide remain at about 2.5 percent a year, below the 3.5 percent pace normally associated with a healthy economy.



Global stocks edge lower as central banks remain in focus

Fri, 21 Jul 2017 12:09:06 UT

TOKYO (AP) — Global stock markets were mostly lower on Friday as investors assessed the outlook for central bank policies. [...] foreign exchange markets reacted by pushing the euro higher. [...] growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open, Ric Spooner of CMC Markets said in a commentary. Benchmark U.S. crude lost 39 cents to $46.73 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the standard for international oil prices, shed 45 cents to $48.85 a barrel in London.