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Top News & Analysis Seattle

  • Dec 5- Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. "It's a great recognition that their e-commerce model doesn't work for every product," said analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement...

  • Dec 5- Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. U.S. stocks have climbed since the Nov. 8 election, fueled by expectations of significant economic stimulus and cuts in corporate taxes and regulations under President-elect Donald...

  • Dec 5- Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. "It's a great recognition that their e-commerce model doesn't work for every product," said analyst Jan Dawson of Jackdaw Research, noting that physical stores would complement...

  • Dec 5- Amazon.com Inc's new bricks-and-mortar grocery store doesn't have at least one thing that supermarkets have- queues at the checkout counter. The online shopping giant's new 1,800- square-foot convenience store, Amazon Go, in Seattle uses sensors to detect what shoppers have picked off the shelf and bills it to their Amazon account if they don't put it...

  • Amazon Go

    It uses computer vision — the kind of technology that lets self-driving cars "see."

  • Rent prices may be calming down in major US cities

    Data from apartment rental site Zumper show most of the most expensive markets in the nation see either flat prices or declines.

  • WASHINGTON, Dec 5- Native American reservations cover just 2 percent of the United States, but they may contain about a fifth of the nation's oil and gas, along with vast coal reserves. Now, a group of advisors to President-elect Donald Trump on Native American issues wants to free those resources from what they call a suffocating federal bureaucracy that holds...

  • MUNICH, Dec 5- BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber, which have spent billions on pay-per-use personal transport. The German carmaker will have about 40 vehicles with self-driving functions in Munich's inner city and then expand the project to other cities, BMW executives said on Friday.

  • Dec 2- Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to hamper growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. The company's shares were down 2.5 percent at $57.02 on Friday as investors worried that the exit of one of Wall Street's most regarded CEOs would...

  • Dec 2- Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to disrupt growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief...

  • Dec 1- Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive. "Having him step down as CEO raised the anxiety level," said Stephens analyst Will Slabaugh, who said that Schultz is the heart and soul of the brand,...

  • Dec 1- Starbucks Corp on Thursday said Howard Schultz will step down as chief executive to focus on its high-end coffee shops as Chief Operating Officer Kevin Johnson takes over as CEO. Starbucks shares were down 3.9 percent at $56.25 in after-market trading on Thursday. Schultz has been the shareholders' darling at the Seattle- based company.

  • PARIS, Dec 1- French spirits group Remy Cointreau said on Thursday it had agreed to buy American single malt whiskey maker Westland Distillery to tap growing demand for higher-priced spirits and boost its profit margins. Seattle- based Westland, which has a portfolio of single malts in a price range of between $70 and $125, will complement Remy's portfolio of...

  • PARIS, Dec 1- French spirits group Remy Cointreau said on Thursday it had agreed to buy the Seattle- based Westland Distillery, which produces an American single malt whiskey, further strengthening its portfolio of premium drinks. The transaction, whose financial terms were not disclosed, is due to close before the end of the year, the statement said.

  • Online sales on Friday hit $1.70 billion as of 3 p.m. EDT, according to Adobe Digital Index, after reaching $1.13 billion for the day on Thursday, up almost 14 percent from a year ago. The National Retail Federation has said it expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

  • Online sales on Friday hit $1.65 billion as of 1 p.m. EDT, according to Adobe Digital Index, after reaching $1.13 billion for the day on Thursday, up almost 14 percent from a year ago. The National Retail Federation has said it expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

  • The Seattle- based drug developer's shares sank as much as 35 percent to a record low of $19.40 in early trading on Wednesday. Juno said on Wednesday it had voluntarily put the mid-stage study on hold and informed the U.S. Food and Drug Administration earlier this week. The company is still evaluating the cause of the deaths and has not yet decided whether it will...

  • The company's shares tumbled nearly 45 percent to $15.90 in premarket trading on Wednesday. The company said on Wednesday it had voluntarily put the mid-stage study on hold and informed the U.S. Food and Drug Administration earlier this week. The FDA, which had imposed a hold on the trial after the deaths, lifted it after Juno reverted to its original drug regimen,...

  • The company's shares tumbled nearly 45 percent to $15.90 in premarket trading on Wednesday. The company said on Wednesday that it had voluntarily put the mid-stage study on hold earlier this week and also informed the U.S. Food and Drug Administration. The FDA had lifted its hold after Juno reverted to its original drug regimen, excluding fludarabine.

  • About 500 of McDonald's more than 14,000 U.S. restaurants have made the changes with Florida, New York and Southern California the first regions to adopt the new format. Restaurants in San Francisco, Boston, Chicago and Seattle will start making the switch next year, according to the company, which declined to give a timeline for how long the changes will take to go...