Top News & Analysis Seattle

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  • SEATTLE— When federal agents arrested a Russian man in the Maldives in 2014, they found 1.7 million stolen credit card numbers on his laptop computer, a federal prosecutor told the jury during opening statements. Attorney Seth Wilkinson said of Roman Seleznev. Seleznev's trial in U.S. District Court is expected to run more than two weeks.

  • SEATTLE— When federal agents arrested a Russian man in the Maldives in 2014, they found 1.7 million stolen credit card numbers on his laptop computer, a federal prosecutor told the jury Monday during opening statements. Attorney Seth Wilkinson said of Roman Seleznev. Seleznev's trial in U.S. District Court is expected to run more than two weeks.

  • SEATTLE— Prosecutors describe Roman Seleznev, the son of a Russian lawmaker, as a master hacker who orchestrated an international scheme that resulted in about $170 million in fraudulent credit card purchases. Seleznev faces a 40- count indictment that charges him with running a hacking scheme from 2008 until his arrest in the Maldives in July 2014.

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  • SEATTLE, Aug 9- A federal judge on Tuesday dismissed a lawsuit against the city of Seattle over a landmark law which allows Uber and Lyft drivers to unionize. Seattle last year became the first U.S. city to pass a law giving drivers for ride-hailing apps, as well as taxi and for-hire drivers, the right to collectively negotiate on pay and working conditions.

  • NEW YORK/ LONDON, Aug 5- Gold fell as much as 1.7 percent on Friday, as the dollar rose after U.S. data showed employment increased more than expected in July, raising the probability of an interest rate hike from the Federal Reserve this year. U.S. nonfarm payrolls increased by 255,000 jobs last month, the Labor Department said on Friday, up from an expectation of...

  • VANCOUVER, Aug 4- Vancouver real estate sales have tumbled since plans to tax foreign buyers in the Canadian city were revealed last week, local real estate agents said, a sign the government's bid to slow the market was causing an immediate chill. The 15 percent levy, which was unveiled by British Columbia's government on July 25 and came into effect on Tuesday,...

  • VANCOUVER, Aug 4- Vancouver real estate sales have tumbled since plans to tax foreign buyers in the Canadian city were revealed last week, local real estate agents said, a sign the government's bid to slow the market was causing an immediate chill. The 15 percent levy, which was unveiled by British Columbia's government on July 25 and came into effect on Tuesday,...

  • *U.S. crude breaks below $40 as oil ends down 4 pct on glut. "It's stop-loss technical selling combined with sheer liquidation by those fearing we'll soon be swimming in oil again," said Phil Davis, trader at PSW Investments in San Diego, California. Brent crude settled down $1.39, or 3.19 percent, at $42.14 a barrel, while U.S. crude settled down $1.54, or 3.70 percent, at...

  • NEW YORK/ LONDON, July 29- Gold rose to its highest level in nearly three weeks on Friday after much slower-than-expected U.S. economic growth weighed on the dollar, and was on track for a second monthly gain in a row. The U.S. Commerce Department reported that GDP grew at an annual rate of 1.2 percent in the second quarter, far less than economists' estimates of 2.6...

  • July 28- Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well. "They crushed estimates," said Michael Pachter, analyst at Wedbush...

  • "They crushed estimates," said Michael Pachter, analyst at Wedbush Securities. The expansion in so many areas requires substantial investment, though, and shares initially dipped in after-hours trade, as the company forecast relatively low operating income for the current quarter of $50 million to $650 million. It earned $857 million in the second quarter, or...

  • July 28- Jeff Bezos, the founder and chief executive of Amazon.com Inc, has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc.. Bezos' fortune was $65.3 billion as of 4:30 p.m. EDT on Thursday, compared with Buffett's $64.9...

  • NEW YORK, July 26- U.S. single-family home prices rose less than expected on an annual basis in May, and were down from the prior month, a survey showed on Tuesday. "Overall, housing is doing quite well," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. Home prices in three U.S. cities- Denver, Seattle and Portland, Oregon-...

  • July 21- Boeing Co said on Thursday it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program when it reports second-quarter results on Wednesday. The 787 charge totals $847 million after tax, or $1.33 a share, and stems from two test aircraft that Boeing said were substantially modified and remain unsold.

  • July 21- Alaska Air Group Inc, the operator of Alaska Airlines, reported a better-than-expected profit for the second quarter, helped by lower fuel prices. Alaska Air said its fuel costs fell to an average of $1.53 per gallon in the three months to June 30, from $2.12 a year earlier. The company's net income rose to $260 million, or $2.10 per share, in the second quarter,...

  • July 21- Alaska Air Group Inc, the operator of Alaska Airlines, reported an 11 percent increase in second-quarter profit, helped by lower fuel prices. The company's net income rose to $260 million, or $2.10 per share, in the quarter ended June 30, from $234 million, or $1.79 per share, a year earlier. Seattle- based Alaska Air said in June that it would buy Virgin America...

  • WASHINGTON, July 20- Four U.S. carriers have won tentative approval to launch daytime U.S. flights to Tokyo's Haneda airport as early as this fall, the U.S. Transportation Department said on Wednesday. Approvals were given to Delta for flights from Los Angeles and Minneapolis, Hawaiian from Honolulu, American from Los Angeles, and United from San Francisco.

  • SEATTLE, July 19- A U.S. judge on Tuesday wrestled with whether a lawsuit could proceed against the city of Seattle over a local law which allows Uber and Lyft drivers to unionize. Seattle last year became the first U.S. city to pass a law giving drivers for ride-hailing apps, as well as taxi and for-hire drivers, the right to collectively negotiate on pay and working...