Ex-Microsoft CEO Steve Ballmer stepped down from the company's board.» Read More
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.
REDWOOD CITY, Calif.— A company headed by Microsoft co-founder Paul Allen has filed a lawsuit in the San Francisco Bay Area over a World War II-era German tank it says it paid $2.5 million for but never received. After his death, his family turned them over to the Massachusetts- based Collings Foundation, which put some of them up for auction in Portola Valley in July.
SAN DIEGO— Body odor is among 52 criteria that officials at San Diego International Airport use to judge taxi drivers. A 2013 survey of 331 drivers by San Diego State University and Center on Policy Initiatives found 94 percent were immigrants and 65 percent were from East Africa.
WASHINGTON— Working to combat an increasingly lucrative crime that crosses national boundaries, Justice Department officials are pressing for a new law to help them prosecute criminals overseas who traffic in stolen credit cards.
NEW YORK, Sept 12- Kenny G, the best-selling jazz musician who once played at President Bill Clinton's inaugural ball, wakes up every morning to Starbucks. Instead, the man whose real name is Kenny Gorelick obsessively checks the company's stock price.
SEATTLE— Environmental groups sued the U.S. Department of Transportation on Thursday over the shipment of volatile crude oil in older railroad tank cars. That petition sought an emergency order to prohibit crude oil from the Bakken region of North Dakota and Montana and elsewhere from being carried in older tank cars, known as DOT-111s.