×

Top News & Analysis Seattle

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • SAN FRANCISCO— Dockworkers were given the chance Friday to vote on a new contract extension that could provide long-term labor peace at West Coast seaports, where in recent years work slowdowns and strikes have affected billions of dollars in cargo. Union delegates for 29 ports from Washington to California voted to allow about 20,000 rank-and-file members...

  • SEATTLE— A coal-export terminal proposed in Washington state would increase cancer risks for some residents, make rail accidents more likely and add millions of metric tons of climate-changing greenhouse gas globally every year, according to an environmental study released Friday. Coal would arrive by train from Montana, Wyoming and other states to be...

  • Deutsche Post already delivers Amazon packages in Germany. BOCHUM, Germany, April 28- Deutsche Post DHL won a contract to deliver groceries for Amazon's AmazonFresh service in Germany, which could help ease concerns that the U.S. retailer's own delivery services are an increasing threat to the German logistics group. People close to the matter told Reuters...

  • SEATTLE _ Weyerhaeuser Co. on Friday reported first-quarter net income of $157 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Weyerhaeuser shares have risen 15 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7 percent.

  • SPOKANE, Wash.— Harvesting Washington state's vast fruit orchards each year requires thousands of farmworkers, and many of them work illegally in the United States. "Human pickers are getting scarce," said Gad Kober, a co-founder of Israel- based FFRobotics. Members of the $7.5 billion annual Washington agriculture industry have long grappled with labor...

  • April 27- Amazon.com Inc's retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading. The world's largest online retailer said on Thursday net sales rose 23 percent to $35.7 billion, just beating analysts' average estimate of $35.3 billion,...

  • The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known among investors for heavy spending and roller-coaster results- posted a net profit. Analysts on average were expecting $1.12 per share, according to Thomson Reuters I/B/E/S. "The core e-commerce segment...

  • The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known for its heavy spending and roller-coaster results- has posted a net profit. Amazon's net sales in North America, its biggest market, jumped 23.5 percent to $20.99 billion in the latest quarter.

  • NEW YORK— Starbucks is pointing to the Unicorn Frappuccino as an example of its digital savvy, and ability to ride out of its sales slump. But the Seattle- based company cited several changes it's been making to ease the congestion in stores that it said was driving away some customers. Executive Chairman Howard Schultz called the drink "the most stunning example...

  • "It seems counterintuitive they are investing in any physical stores when they are blamed for the demise of so many of them, but no cow is sacred," says Sucharita Mulpuru, a retail analyst in Charlotte, North Carolina. In the first three months of the year, the Seattle company earned $724 million, or $1.48 per share, a 41 percent increase from a year earlier.

  • The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Eleven analysts surveyed by Zacks expected $35.39 billion. Analysts surveyed by Zacks had expected revenue of $36.93 billion.

  • SEATTLE— Starbucks Corp. on Thursday reported fiscal second-quarter profit of $652.8 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 45 cents per share. Nine analysts surveyed by Zacks expected $5.42 billion.

  • WASHINGTON— President Donald Trump will direct his administration Thursday to expedite a new investigation into whether aluminum imports are jeopardizing U.S. national security. "It's very, very dangerous, obviously from a national defense point of view, to only have one supplier of an absolutely critical material," he told reporters at a White House briefing...

  • SEATTLE _ F5 Networks Inc. on Wednesday reported fiscal second-quarter profit of $93.1 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share. Eleven analysts surveyed by Zacks expected $522.7 million.

  • Net income fell to $99 million, or 79 cents per share, in the first quarter ended March 31, from $184 million, or $1.46 per share, a year earlier. Alaska Air in December of last year acquired rival carrier Virgin America Inc in a $2.6 billion deal, making the Seattle- based company the fifth largest U.S. airline by passenger traffic. The first quarter totals reflect...

  • SEATTLE— SEATTLE— Alaska Air Group Inc. on Wednesday reported first-quarter profit of $99 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Alaska Air shares have increased 3 percent since the beginning of the year.

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.