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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: Tue, 16 Jan 2018 06:03:03 -0800

 



General Motors sees sustained profits through 2018

Tue, 16 Jan 2018 05:48:16 -0800

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NEW YORK (AP) — General Motors expects strong sales in North America and China to sustain its profit through 2018. The automaker on Tuesday reaffirmed its 2017 expectations for profit between $6 and $6.50 per share and said it expects similar results in 2018. The company also cited cost cutting and growth in other units, […]



‘Superfast’ internet cable to cross Mediterranean sea

Tue, 16 Jan 2018 05:42:55 -0800

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NICOSIA, Cyprus (AP) — A Cypriot company says its new sub-sea internet cable that will connect Israel with Spain will be powerful enough to handle up to 60 percent of the world’s internet traffic at peak time. Quantum Cable Chairman Nasos Ktorides said after signing on Tuesday an agreement to lay the cable that the […]



Davos organizers: Trump to make final address at forum

Tue, 16 Jan 2018 05:30:56 -0800

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GENEVA (AP) — World Economic Forum organizers say U.S. President Donald Trump will deliver a closing address at the Davos conference next week, which will focus on “finding ways to reaffirm international cooperation on crucial shared interests.” The WEF says international security, the environment and the global economy will be the key topics at the […]



Citigroup reports $18.3 billion loss, caused by new tax law

Tue, 16 Jan 2018 05:26:18 -0800

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NEW YORK (AP) — Citigroup reported a $18.3 billion loss in the fourth quarter on Tuesday as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law. The New York-based bank said it had a loss of $7.15 a share, compared with a profit of $3.57 […]



Health inspectors detail food violations at NY State Fair

Tue, 16 Jan 2018 05:05:35 -0800

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SYRACUSE, N.Y. (AP) — Health inspectors found more than 100 critical violations by 61 food vendors at the 2017 New York State Fair. The state provided a list of violations in response to a Freedom of Information request by Syracuse.com . Critical violations relate directly to factors that could lead to food-borne illnesses. However, there […]



Energizer spends $2 billion to add Rayovac brand

Tue, 16 Jan 2018 04:41:12 -0800

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NEW YORK (AP) — Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division. Spectrum Brands said earlier this month that it would seek a buyer for the assets so that it could better focus on other businesses including […]



GE to take $6.2 billion charge tied to GE Capital

Tue, 16 Jan 2018 03:57:14 -0800

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BOSTON (AP) — General Electric is taking a $6.2 billion after-tax charge in the fourth quarter tied to its review and reserve testing of GE Capital’s runoff insurance portfolio. GE Capital will also suspend its dividend to GE for the foreseeable future. “At a time when we are moving forward as a company, a charge […]



Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar

Tue, 16 Jan 2018 03:35:29 -0800

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UnitedHealth Group’s earnings more than doubled in the final quarter of 2017, and the nation’s largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul. UnitedHealth said Tuesday that it added $1.2 billion in 2017 non-cash earnings, as its fourth-quarter and full-year corporate tax rates were cut. The […]



NYC sets affordable homes record: 24,500 financed in 2017

Tue, 16 Jan 2018 02:01:39 -0800

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NEW YORK (AP) — New York City created or preserved over 24,500 affordable homes last year, breaking a record for the nation’s biggest city, Mayor Bill de Blasio announced Tuesday. The previous record was just over 23,100, in 1989. De Blasio, a Democrat re-elected last year, has made affordable housing a centerpiece of his two […]



UK business secretary seeks fast-tracked Carillion probe

Tue, 16 Jan 2018 01:53:21 -0800

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LONDON (AP) — Britain’s business secretary called Tuesday for a fast-tracked investigation into the collapse of construction giant and state contractor Carillion, expanding the remit of the probe to include the behavior of executives both past and present. Greg Clark asked the insolvency service and the official receiver to expedite their inquiry as the ramifications […]



UK inflation dips for first time since June

Tue, 16 Jan 2018 01:44:55 -0800

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LONDON (AP) — The inflation rate in Britain dipped in December for the first time in six months, partly due to a fall in the price of games and toys in the run-up to Christmas, official figures showed Tuesday. The Office for National Statistics said the annual rate of consumer price inflation fell to 3 […]



EU chief urges Britain to change its mind over Brexit

Tue, 16 Jan 2018 01:30:35 -0800

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BRUSSELS (AP) — European Union Council President Donald Tusk on Tuesday urged Britain to change its mind about leaving the bloc next year, as time to conclude a Brexit agreement runs short and EU leaders await more details on how the country sees their future ties. Britain is set to leave the EU on March […]



Bitcoin prices fall as South Korea says ban still an option

Mon, 15 Jan 2018 23:34:55 -0800

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SEOUL, South Korea (AP) — Prices of bitcoin and other digital currencies have skidded after South Korea’s top financial policymaker said Tuesday that a crackdown on trading of crypto currencies was still possible. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was “a live […]



Lifelike robots made in Hong Kong meant to win over humans

Mon, 15 Jan 2018 23:19:40 -0800

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HONG KONG (AP) — David Hanson envisions a future in which AI-powered robots evolve to become “super-intelligent genius machines” that might help solve some of mankind’s most challenging problems. If only it were as simple as that. The Texas-born former sculptor at Walt Disney Imagineering and his Hong Kong-based startup Hanson Robotics are combining artificial […]



Panama Hotel votes to drop Trump — but his company won’t go

Mon, 15 Jan 2018 21:38:49 -0800

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WASHINGTON (AP) — An attempt to oust President Donald Trump’s hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct. Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last month to visit the property during a search for a […]



Global stocks advance as investors look ahead to US earnings

Mon, 15 Jan 2018 21:37:13 -0800

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BEIJING (AP) — Global stocks were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings. KEEPING SCORE: Germany’s DAX gained 0.9 percent to 13,323 and France’s CAC 40 added 0.2 percent to 5,521. London’s FTSE 100, however, shed 0.2 percent to 7,756. On Wall Street, futures for […]



Jeep updates Cherokee compact SUV to compete in hot market

Mon, 15 Jan 2018 21:03:08 -0800

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DETROIT (AP) — Fiat Chrysler’s Jeep brand is giving the Cherokee compact SUV a major facelift so it can better compete in one of the hottest parts of the U.S. automotive market. The 2019 Cherokee, to be unveiled Tuesday at the Detroit auto show, will get styling tweaks, a new engine, suspension improvements and engineering […]



Jeep updates Cherokee compact SUV to compete in hot market

Mon, 15 Jan 2018 21:02:22 -0800

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DETROIT (AP) — Fiat Chrysler’s Jeep brand is giving the Cherokee compact SUV a major facelift so it can better compete in one of the hottest parts of the U.S. automotive market. The 2019 Cherokee, to be unveiled Tuesday at the Detroit auto show, will get styling tweaks, a new engine, suspension improvements and engineering […]



Lifelike robots made in Hong Kong meant to win over humans

Mon, 15 Jan 2018 18:56:50 -0800

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HONG KONG (AP) — David Hanson envisions a future in which AI-powered robots evolve to become “super-intelligent genius machines” that might help solve some of mankind’s most challenging problems. If only it were as simple as that. The Texas-born former sculptor at Walt Disney Imagineering and his Hong Kong-based startup Hanson Robotics are combining artificial […]



Senator to DOT: Press foreign airlines on JFK communication

Mon, 15 Jan 2018 18:19:36 -0800

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NEW YORK (AP) — Sen. Charles Schumer wants federal transportation officials to urge foreign airlines to work better with the operators of New York’s Kennedy Airport after winter weather woes cascaded into days of cancellations and delays this month. Schumer wrote a letter Monday to the federal Department of Transportation. The Senate Democratic leader notes […]