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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: Fri, 24 Feb 2017 11:57:06 -0800


VW makes $5.4 billion profit in 2016, limits executive pay

Fri, 24 Feb 2017 11:35:08 -0800

BERLIN (AP) — Volkswagen says it bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emissions scandal. The German automaker on Friday reported a net profit attributable to VW shareholders of 5.1 billion euros ($5.4 billion) last year compared with a net loss of almost 1.6 […]

US rig count increases 3 this week to 754; Texas up 8

Fri, 24 Feb 2017 11:24:12 -0800

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 754. A year ago, 502 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday that 602 rigs sought oil and 151 explored for natural gas this week. One was listed […]

GOP governors outline health care plan, Medicaid changes

Fri, 24 Feb 2017 11:23:10 -0800

DES MOINES, Iowa (AP) — Republican governors are sending a clear message to Congress: Don’t scrap the health care law without a viable alternative. Eight Republican governors from all regions of the country are presenting a proposal to the Republican Governors Association meeting in Washington on Saturday. And it would call for major changes to […]

B.C.’s new Trump tower isn’t getting a polite Canadian welcome

Fri, 24 Feb 2017 10:26:43 -0800

Donald Trump Jr. and his brother Eric visit Vancouver on Tuesday to open a new Trump International Hotel & Tower, to the dismay of many locals. Also: New Zealand is beckoning U.S. tech workers, and Seattleites are answering. And, Microsoft backs a UW-UBC collaboration.

Vote: Is a soda tax in Seattle a sweet idea?

Fri, 24 Feb 2017 10:16:51 -0800

What do you think about putting a levy on the distributors of sugary drinks? Please vote. Stay for the week's best economy links and the haiku.

Nevada plans July pot sales despite warning of US crackdown

Fri, 24 Feb 2017 09:06:02 -0800

CARSON CITY, Nev. (AP) — Nevada still plans to launch recreational marijuana sales in July despite warnings this week of a federal crackdown by the administration of President Donald Trump, state officials said Friday. Marijuana possession and sales are illegal under federal law, but Nevada voters decided in November to allow people age 21 or […]

Explosives demolish Cleveland power plant in middle of night

Fri, 24 Feb 2017 09:04:05 -0800

CLEVELAND (AP) — A century-old power plant along Lake Erie in Cleveland has been demolished with 200 pounds of explosives that brought it crashing down in the middle of the night. The 306-foot smokestack and the boiler building of FirstEnergy’s Lake Shore Power Plant were toppled early Friday using strategic blasts. A crowd of people […]

Report: German spy agency targets foreign reporters’ phones

Fri, 24 Feb 2017 08:44:15 -0800

BERLIN (AP) — The German weekly Der Spiegel reports that the country’s spy agency had at least 50 numbers and email addresses of journalists among its surveillance targets. Spiegel reported Friday that a list seen by the magazine contained over a dozen numbers belonging to the BBC in Afghanistan and London. It says a New […]

Sharp vision: New glasses help the legally blind see

Fri, 24 Feb 2017 08:04:09 -0800

SAN FRANCISCO (AP) — Jeff Regan was born with underdeveloped optic nerves and had spent most of his life in a blur. Then four years ago, he donned an unwieldy headset made by a Toronto company called eSight. Suddenly, Regan could read a newspaper while eating breakfast and make out the faces of his co-workers […]

Italy vows to be ready in time to host G-7 in Sicilian town

Fri, 24 Feb 2017 07:41:06 -0800

TAORMINA, Sicily (AP) — Italy still needs to build two helicopter landing pads and repave miles of road, but a top government official promised Friday that everything will be ready for the May 26-27 G-7 summit being held in a stunning Sicilian town overlooking the sea. The annual summit will see U.S. President Donald Trump […]

Trump tower opens in Vancouver but the welcome isn’t warm

Fri, 24 Feb 2017 07:37:09 -0800

The 69-story building designed by one of Canada's most renowned architects has drawn praise for its sleek, twisting design. Prices for the condominiums have set records. But President Trump's politics, especially his criticism of immigrants, has caused such outrage that the mayor won't attend the grand opening.

Appeals court won’t rehear coal CEO appeal in deadly blast

Fri, 24 Feb 2017 07:20:03 -0800

CHARLESTON, W.Va. (AP) — A federal appeals court has refused to rehear the case of former Massey Energy CEO Don Blankenship in the deadliest U.S. mine disaster in four decades. The 4th U.S. Circuit Court of Appeals handed down the order Friday. In January, a three-judge panel of the court found no error in trial […]

US stocks dip as banks and energy companies fall

Fri, 24 Feb 2017 07:18:02 -0800

NEW YORK (AP) — U.S. stocks are losing ground Friday as banks fall and energy companies continue to slide. The Dow Jones industrial average is on track to break a 10-day winning streak. The losses are modest, but there’s far more selling than buying on Wall Street. Investors are looking for safer places to put […]

US new-home sales rise in sign of housing market health

Fri, 24 Feb 2017 07:07:04 -0800

WASHINGTON (AP) — Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New home sales rose 3.7 percent to a seasonally-adjusted 555,000, the Commerce Department said Friday. That is 5.5 percent higher than a year ago. Solid job gains […]

Sales of new US homes rose 3.7 percent in January in sign of housing market health

Fri, 24 Feb 2017 07:02:08 -0800

WASHINGTON (AP) — Sales of new US homes rose 3.7 percent in January in sign of housing market health.

Boeing plans small U.K. factory, its first in Europe

Fri, 24 Feb 2017 06:46:45 -0800

Boeing said the facility in northern England will supply wing actuator components and will employ 30 when it opens next year.

Markets Right Now: Stocks move lower on Wall Street

Fri, 24 Feb 2017 06:43:03 -0800

NEW YORK (AP) — The latest on developments in financial markets (All times local): 11:45 a.m. Stocks are moving lower in midday trading on Wall Street, led by declines in banks and energy companies. Banks were lower Friday as bond yields fell, which forces interest rates lower on mortgages and other kinds of loans. Citigroup […]

Graduate students vote to unionize at Yale University

Fri, 24 Feb 2017 06:40:03 -0800

NEW HAVEN, Conn. (AP) — Graduate students from a half-dozen departments at Yale University have voted to form unions, setting up negotiations for contracts with the Ivy League school. The National Labor Relations Board administered elections Thursday for graduate students in nine departments. Students from the departments of English, geology and geophysics, history, history of […]

Austrian court orders release of Ukrainian oligarch Firtash

Fri, 24 Feb 2017 06:09:11 -0800

VIENNA (AP) — An Austrian court has ordered that Ukrainian oligarch Dymitro Firtash be released from custody pending decisions on separate U.S. and Spanish extradition requests for him. Firtash already posted 125 million euros ($132 million) bail and surrendered his passport three years ago when the U.S. extradition request was first made. The court on […]

Tired of the rain? New Zealand tech-hiring program luring Seattle candidates

Fri, 24 Feb 2017 06:00:00 -0800

Wellington is trying to attract workers to fuel New Zealand’s growing tech industry by flying 100 applicants out for a vacation with job interviews, plus job offers if they are ready to move.