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Top News & Analysis Seattle

  • Wells Fargo spokesman Ancel Martinez in an email said the new estimate was "based on a hypothetical scenario" and unverified, and did not reflect "actual unauthorized accounts. District Judge Vince Chhabria in San Francisco is scheduled to consider preliminary approval at a May 18 hearing. John Stumpf and Carrie Tolstedt, who were respectively the San...

  • May 12- Boeing Co said on Friday it resumed test flights of its $110- million 737 MAX 8 jetliner, just two days after saying it had grounded the entire fleet to address an engine problem. The resumption of flights, which Boeing said was backed by air safety regulators, is good news for the plane maker and engine-maker CFM International, a joint venture between...

  • Workers evacuated or took cover and turned off ventilation systems after damage was discovered in the wall of a transport tunnel about 170 miles east of Seattle, officials with the Department of Energy's Hanford Joint Information Center said. No spent nuclear fuel is stored in the tunnel, Energy Department officials said. Energy Department Secretary Rick...

  • SEATTLE, May 8- Native American leaders and climate activists protested at several Chase branches in Seattle on Monday, forcing them to close temporarily as demonstrators demanded the bank not lend to projects like the Keystone XL oil pipeline. At a branch in downtown Seattle, about 50 protesters occupied the main lobby, where they made speeches, sang songs, held...

  • May 8- Three appeals court judges appointed by Democratic former President Bill Clinton will review a Hawaii judge's order blocking President Donald Trump's revised restrictions on travel from six Muslim majority countries. The 9th U.S. Circuit Court of Appeals panel will hear the case on May 15 in Seattle. Judges Michael Daly Hawkins, Ronald Gould and...

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or...

  • A general view of the entrance to KeyArena before the NBA game between the Portland Trail Blazers and the Seattle SuperSonics on November 1, 2006 in Seattle, Washington.

    Seattle rejected a hedge fund investors' offer to build a stadium — then fell short of its private-funding goals, Vocativ reports.

  • May 4- Starbucks Corp said on Thursday it would expand its loyalty rewards program at grocery stores to include more products, as it seeks to win more customers amid a soft retail and restaurant environment in the United States. Seattle- based Starbucks, which launched its rewards program in 2009, made changes to it last year, which irked some customers and caused...

  • BERLIN, May 4- Amazon launched deliveries of fresh groceries in Berlin and neighbouring Potsdam on Thursday for members of its Prime subscription service, a move that could accelerate online sales of food that have been sluggish in Germany so far. Amazon said in a statement that Prime members can choose from 85,000 products, including items such as chocolate,...

  • *Focus on Fed meeting statement due out Wednesday. NEW YORK, May 2- U.S. Auto sales were weak across the board from everybody... with dramatically rising inventories, said Mary Ann Hurley, vice president in fixed income trading at D.A.

  • Tencent sets up an AI lab in Seattle

    Asia's most valuable company is setting up an artificial intelligence research lab on Amazon's home turf.

  • Tencent is looking to build a team of 20 for its AI research lab in Seattle.

  • HONG KONG, May 2- Chinese social media and gaming giant Tencent Holdings said on Tuesday it will open an artificial intelligence research facility in Seattle in the United States, to be led by former Microsoft scientist Yu Dong. Yu, who has been appointed as deputy head of Tencent's AI Lab division, will run the new lab as well as spearhead research in speech...

  • 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...

  • 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...

  • 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.

  • 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...

  • 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.