Ex-Microsoft CEO Steve Ballmer stepped down from the company's board.» Read More
SEATTLE— The chief executive officer of a China- based energy company pleaded guilty Tuesday to two counts of securities fraud. Dickson Lee, head of L&L Energy, pleaded to one count of reporting false information to the U.S. Security and Exchange Commission.
MINNEAPOLIS— Amazon.com Inc. will begin to collect sales taxes from Minnesota customers next week, indicating the online retailer is expanding in the state, according to experts. Amazon may be starting a local operation that requires it to do so in accordance with a state law passed in July 2013, the Star Tribune reported.
SEATTLE— Seattle residents who fail to separate food waste from trash will be fined. Seattle Public Utilities estimates that about a third to one-half of what now goes in the trash should be recycled or put in compost bins.
SEATTLE— Seattle's elected prosecutor says he's dropping all tickets issued for the public use of marijuana through the first seven months of this year, because most of them were issued by a single police officer who disagrees with the legal pot law.
NEW YORK— Starbucks is testing a latte that it says has the "savory toasty malt" flavor of a foamy mug of stout. The "Dark Barrel Latte" is being tested in a handful of stores in Ohio and Florida, said Linda Mills, a Starbucks spokeswoman. Starbucks Corp., based in Seattle, has enjoyed strong sales growth in part by continually introducing new food and drinks.
NEW YORK, Sept 19- If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp? Of 12 analysts who replied to an anonymous poll, five said Catz would likely run Oracle, while only one voted for Hurd, 57. Four said both would continue to run the company, one said neither, and one plumped for dark-horse internal candidate Thomas Kurian.
HONG KONG— When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was still a corporate backwater has been vindicated this week by Alibaba completing a mammoth sale of shares to investors in the U.S. and elsewhere.
*Oracle shares down after hours. NEW YORK, Sept 18- U.S. stocks rose on Thursday, a day after the U.S. Goldman Sachs rose 1.7 percent to $187.89, the biggest boost to the Dow.
SEATTLE, Sept 18- Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.
The Ketchikan Daily News reports the leak Tuesday on the Alaska Airlines 737-700 was traced to a container of lime juice that broke open during a flight from Seattle. Alaska Airlines spokesman Cole Cosgrove says workers first detected the sour-smelling liquid coming from a cargo container.
NEW YORK, Sept 18- If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.
Nearly 970,000 Washington residents, or 14.1 percent, were in poverty in 2013, compared to about 915,000, or 13.5 percent, in 2012, according to the American Community Survey that surveyed people between January and December 2013.
NEW YORK— Amazon keeps rolling out the devices. Once a user has an Amazon device they are more likely to shell out for Amazon's $99- annual Prime loyalty club as well as buy movies, books and apps from the retailer. The devices with a 6- inch screen start at $99, while the 7- inch screen starts at $139, down from $154.
SEATTLE— Washington state is warning dozens of people who applied to run legal marijuana shops that their chance of getting a license is in jeopardy. The Liquor Control Board on Wednesday began sending letters to 56 businesses around the state, giving them 60 days to schedule an interview with a licensing inspector.
OLYMPIA, Wash.— Washington state's unemployment rate remained steady at 5.6 percent last month, but the state saw an overall loss of 1,500 jobs from the previous month, state officials said Wednesday. The newest numbers released by the state's Employment Security Department show that August's jobless rate did not change from July's numbers.
BNSF Railway can make immediate safety improvements in the mile-long 100- year-old rail tunnel that runs under downtown Seattle, including installing radio communication, a fire suppression system to release water and foam, and a permanent ventilation system, according to the report written by Barb Graff, who directs the city's office of emergency management, and Seattle assistant fire chief A.D. Vickery.
NEW YORK, Sept 16- For all of those waiting for a correction in U.S. stocks, here's the news: you may have already missed it.
DUBAI, Sept 16- Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the United States for around $250 million. The purchases, done in separate transactions, were completed by the firm's U.S.-based real estate arm, a statement from Investcorp said.
STOCKHOLM, Sept 15- Microsoft Corp said on Monday it has agreed to acquire Stockholm- based games developer Mojang and the company's wildly popular Minecraft video game franchise for $2.5 billion.
SPOKANE, Wash.— Washington State University's board of regents on Friday unanimously approved the administration's controversial effort to start a new medical school in Spokane, citing the "dire need" for more doctors in the state.