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Top News & Analysis Seattle

  • 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...

  • CHICAGO, Nov 17- At a moment of sharp national division, here is a bit of good news: young and old are not at one another's throats in this country. The survey research is tied to a major new youth mentoring initiative unveiled by the San Francisco- based nonprofit, whose Generation to Generation campaign aims to recruit and mobilize more than a million older adults to...

  • On Monday, lawyers representing owners of older 2500 and 3500 Dodge Ram trucks filed a class-action lawsuit in U.S. District Court in Detroit, asserting the companies "conspired to knowingly deceive consumers and regulators of illegally high levels of diesel emissions in their vehicles." The suit filed by Seattle lawyer Steve Berman said the emissions...

  • A child plays an app game on an iPod Touch.

    A federal judge directed Amazon.com to set up a process to reimburse parents whose children made in-app purchases without permission.

  • Nov 10- A federal judge on Thursday directed Amazon.com Inc to set up a year-long process to reimburse parents whose children made in-app purchases without permission, but rejected a U.S. regulator's request for a $26.5 million lump-sum payout. District Judge John Coughenour, in Amazon's hometown of Seattle, issued his order more than six months after finding...

  • Thousands of protesters take to the streets of Chicago, on November 9, 2016 after Donald Trump is elected president of the United States.

    Thousands of people in New York, Chicago and other cities protested Donald Trump's campaign rhetoric around immigrants, Muslims and other groups.

  • WASHINGTON, Nov 7- The U.S. Transportation Department on Monday said it was proposing to award American Airlines Group Inc a new daily scheduled nonstop flight between Los Angeles and Beijing. Delta said in a Transportation Department filing that it has a 9 percent share of the seats to Beijing- including codeshare flights- compared with 15 percent for American...

  • Nov 7- Online jeweler Blue Nile Inc said it agreed to be taken private by an investor group that includes Bain Capital Private Equity and Bow Street LLC for about $500 million in cash. The $40.75 per share offer represents a nearly 34 percent premium over Blue Nile's closing price on Friday. The company's top two shareholders are T. Rowe Price Associates Inc and...

  • WASHINGTON, Nov 4- A fire on an American Airlines passenger plane as it was taking off from Chicago's O'Hare International Airport last week was sparked by the uncontained failure of the right engine, the U.S. National Transportation Safety Board said on Friday. Pilots applied the brakes to the Boeing 767 bound for Miami and did not complete the takeoff of Flight...

  • SAN FRANCISCO, Nov 3- Marijuana private equity investor Privateer Holdings has raised $40 million in convertible debt ahead of next week's elections, with pot legalization on the ballot in nine U.S. states. Of the nine states that will vote on Tuesday on legalizing medical or recreational marijuana, California ranks as the most important.