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Preview: The Seattle Times: Business & Technology

The Seattle Times Business – The Seattle Times

The Seattle Times business section covers Seattle, the Eastside including Bellevue, Snohomish County, the Puget Sound region and Pacific Northwest. Coverage includes Amazon; Boeing and aerospace; Microsoft and technology; Starbucks, Nordstrom and retail;

Last Build Date: Wed, 26 Apr 2017 20:35:05 -0700


Producer admits bilking investors with fake Broadway play

Wed, 26 Apr 2017 18:28:08 -0700

NEW YORK (AP) — A Broadway producer admitted on Wednesday that he scammed his friends and others into investing more than $165,000 in a nonexistent play about opera star Kathleen Battle supposedly starring Oscar winner Lupita Nyong’o. Roland Scahill pleaded guilty in state Supreme Court to grand larceny and fraud charges. As part of the […]

Australia warns gas companies they risk export restrictions

Wed, 26 Apr 2017 18:03:17 -0700

CANBERRA, Australia (AP) — Australia’s prime minister warned energy companies on Thursday that they would be restricted from exporting gas if Australians are not also provided with adequate supplies at internationally competitive prices. Prime Minister Malcolm Turnbull said it was unacceptable that Australia was about to overtake Qatar as the world’s biggest exporter of liquid […]

South Korea’s economy grows at fastest pace in 3 quarters

Wed, 26 Apr 2017 17:38:02 -0700

SEOUL, South Korea (AP) — South Korea, Asia’s fourth-largest economy, grew at the fastest clip in nearly a year thanks to recovery in exports, the central bank said Thursday, despite a backlash from Chinese consumers over the deployment of a U.S. missile defense system. The economy expanded 2.7 percent during the January-March period over a […]

Google loses David Foster, top hardware executive it poached from Amazon

Wed, 26 Apr 2017 17:29:42 -0700

David Foster’s sudden exit marks a setback for Google’s gadget ambitions.

Boeing’s revenue dips as company says ‘tough’ cost-cutting will continue

Wed, 26 Apr 2017 17:27:55 -0700

The company said first-quarter profit was up 19 percent despite the drop in revenue. It offered upbeat outlooks for the 787 Dreamliner’s profitability and production rates for the 737, but took another charge on the Air Force tanker program.

Plan to give health care to every Californian moves forward

Wed, 26 Apr 2017 17:25:08 -0700

SACRAMENTO, Calif. (AP) — California lawmakers pushed forward Wednesday with a proposal that would substantially remake the health care system of the nation’s most populous state by replacing insurance companies with government-funded health care for everyone. The idea known as single-payer health care has long been popular on the left and is getting a new […]

Samsung’s profit at 3-year high thanks to memory chips

Wed, 26 Apr 2017 17:19:06 -0700

SEOUL, South Korea (AP) — Samsung Electronics said Thursday its first-quarter profit surged to the highest level in more than three years as its semiconductor division posted the highest income in the company’s history. The South Korean company’s January-March earnings jumped 46 percent over a year earlier to 7.7 trillion won ($6.8 billion), compared with […]

Oil-gas wells shut down after Colorado home explosion

Wed, 26 Apr 2017 16:48:05 -0700

DENVER (AP) — Oil field crews are shutting down and inspecting more than 3,000 Colorado oil and gas wells as a precaution after a house explosion killed two people, but investigators haven’t determined whether a well caused the blast, officials said Wednesday. Anadarko Petroleum said it operated a 24-year-old well about 200 feet (60 meters) […]

White House: Trump says US will not withdraw from NAFTA

Wed, 26 Apr 2017 16:46:06 -0700

WASHINGTON (AP) — President Donald Trump on Wednesday told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement, just hours after administration officials said he was considering a draft executive order to do just that. The White House made the surprise announcement in a read-out […]

Judge could rule soon to let beer stores keep licenses

Wed, 26 Apr 2017 16:42:02 -0700

LINCOLN, Neb. (AP) — A judge could rule soon on whether to let four Nebraska stores near a South Dakota Indian reservation keep selling alcohol while they appeal a state regulator’s decision not to renew their liquor licenses. The stores sell millions of cans of beer each year in Whiteclay, an unincorporated village about 360 […]

Even the organic milk craze isn’t enough to end glut

Wed, 26 Apr 2017 16:35:37 -0700

Organic milk production has surged so fast in the past two years that some of the surplus is being sold at a lower price without an organic label. A few dairies are just dumping what they can’t sell.

Chinese tech giant Huawei is focus of widening U.S. investigation

Wed, 26 Apr 2017 16:10:51 -0700

U.S. officials are widening their investigation into whether Huawei broke U.S. trade controls on Cuba, Iran, Sudan and Syria.

Business Highlights

Wed, 26 Apr 2017 15:14:02 -0700

Trump plan would cut taxes for companies — and people, too WASHINGTON (AP) — President Donald Trump proposed dramatic cuts in corporate and personal taxes Wednesday in an overhaul his administration asserts will spur national economic growth and bring jobs and prosperity to America’s middle class. But his ambitious plan is alarming lawmakers who worry […]

Aluminum company promises to hire 550 in heart of Appalachia

Wed, 26 Apr 2017 15:00:05 -0700

WURTLAND, Ky. (AP) — An aluminum company says it will build a $1.3 billion plant in the heart of Appalachia, promising to hire 550 people and pay them nearly twice the average household income of an area devastated by the loss of coal and manufacturing jobs. Braidy Industries Inc. says the planned 2.5 million-square-foot facility […]

Trump tax cut: Huge, vague and likely mild boost for economy

Wed, 26 Apr 2017 14:47:08 -0700

WASHINGTON (AP) — President Donald Trump’s team boasted Wednesday that its tax-cut plan would lighten Americans’ financial burdens, ignite economic growth and vastly simplify tax filing. Yet the proposal so far remains short of vital details, including how it would be paid for. And based on the few specifics spelled out so far, most experts […]

Edwards Lifesciencse and Deckers rise; US Steel plunges

Wed, 26 Apr 2017 14:29:02 -0700

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: United States Steel Corp., down $8.33 to $22.78 The steel maker lowered its annual estimates with its flat-rolled-products business struggling. Edwards Lifesciences Corp., up $10.38 to $109.30 Most Read StoriesSeattle just broke a 122-year-old record for rain — because of course it didSeattle […]

HSN CEO to step down to take top job at Weight Watchers

Wed, 26 Apr 2017 14:06:06 -0700

NEW YORK (AP) — The CEO of the heavyweight of home shopping on TV is leaving that job to take the top spot at Weight Watchers International Inc. The companies said separately Wednesday that Mindy Grossman is leaving HSN Inc. on May 24 and assuming the role of president and CEO of Weight Watchers in […]

How major US stock market indexes fared on Wednesday

Wed, 26 Apr 2017 13:56:03 -0700

Stock indexes wobbled between modest gains and losses Wednesday, as the White House unveiled broad outlines of its plan to slash tax rates but left many of the details to be determined. On Wednesday: The Standard & Poor’s 500 index slipped by 1.16 points, or less than 0.1 percent, to 2,387.45. The Dow Jones industrial […]

ESPN laying off 100 broadcasters, writers as viewers dwindle

Wed, 26 Apr 2017 13:52:07 -0700

NEW YORK (AP) — ESPN is laying off about 100 employees, including former athletes-turned-broadcasters Trent Dilfer, Len Elmore and Danny Kanell, in a purge designed to focus the sports network on a more digital future. The cuts will trim ESPN’s stable of on-air talent and writers by about 10 percent. The 37-year-old network has been […]

Conservatives back revised health bill, GOP moderates balk

Wed, 26 Apr 2017 13:47:07 -0700

WASHINGTON (AP) — The moribund Republican health care bill received a jolt of life Wednesday when the conservative House Freedom Caucus endorsed a revised version of the measure. But a leading GOP moderate criticized the reshaped legislation as a conservative exercise in “blame-shifting and face-saving” that wasn’t winning new support from party centrists, leaving its […]