As relations between Russia and the U.S. turn frosty, Ketchum, a division of Omnicom, finds itself walking an increasingly fine line.» 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.
LOS ANGELES, Sept 19- When Kathryn Slater-Carter learned her family would lose $1.5 million after McDonald's Corp did not renew the franchise agreement on one of their restaurants in the San Francisco suburbs, she tried for a second time to change state law to protect franchisee investments.
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.
NEW YORK— German business software maker SAP said it will buy travel and expense management software company Concur Technologies for $129 per share, or about $7.36 billion. SAP AG values the deal at $8.3 billion. Shares of Concur Technologies Inc. closed at $107.80 Thursday and jumped $21.22, or 19.7 percent, to $129.02 in aftermarket trading.
*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.
Clinton spoke at a forum sponsored by the Center for American Progress, which was formed more than a decade ago by veterans of her husband's administration, where she was joined by House Democratic Leader Nancy Pelosi of California, Sens. Kirsten Gillibrand of New York and Patty Murray of Washington and others.
PORTLAND, Ore.— More than 140,000 Oregon workers will get a pay raise when the minimum wage goes up the first of the year, the state Bureau of Labor and Industries said Wednesday. It will affect 141,822 people, roughly 8 percent of Oregon's workforce. The increase means Oregon will have the nation's second-highest minimum wage behind Washington.
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.
ALBUQUERQUE, N.M.— New Mexico saw a spike in the number of people living in poverty last year and maintained the nation's second-highest percentage, according to U.S. Census Bureau numbers released Thursday. Only Mississippi had a poverty rate higher than New Mexico in 2013 with 24 percent of that state's residents living in poverty.
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.
WASHINGTON— The House passed a bill Tuesday night that could make it a little harder for people to use government welfare payments to buy marijuana in states where the drug is legal. Dave Reichert, R- Wash., is the main sponsor of the bill.
WASHINGTON— Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize the estimated $8.6 billion in savings over 10 years that the GOP had advertised.
DENVER— Tired of Cheech& Chong pot jokes and ominous anti-drug campaigns, the marijuana industry and activists are starting an ad blitz in Colorado aimed at promoting moderation and the safe consumption of pot.
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.