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  • Jan 28- Amazon.com Inc posted its most profitable quarter ever on Thursday but the world's No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. Amazon's net profit for the fourth quarter, which includes the holiday shopping season, rose to $482 million, or...

  • SEATTLE— Amazon saw its results for the holiday quarter as a present wrapped in a bow. The e-commerce giant said on Thursday that its fourth-quarter net income more than doubled, as shoppers continued migrating online for holiday shopping, the company's cloud-computing business boomed and its $99- a-year Prime membership program expanded further.

  • SEATTLE, Jan 27- Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply. That would be the highest level ever for the single-aisle plane, as Boeing fights to slow rival...

  • SEATTLE, Jan 27- Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply. That would be the highest level ever for the single-aisle plane, as Boeing fights to slow rival...

  • SEATTLE, Jan 27- Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply. That would be the highest level ever for the single-aisle plane, as Boeing fights to slow rival...

  • Boeing forecast 2016 core earnings, excluding some pension and other costs, to be between $8.15 and $8.35 per share, less than the average analyst estimate of $9.43, according to Thomson Reuters I/B/E/S. Net income fell to $1.03 billion, or $1.51 per share, in the fourth quarter, from $1.47 billion, or $2.02 per share, a year earlier. Boeing said last week it would cut...

  • Revenue fell to $14.30 billion from $14.98 billion a year earlier. The company reported adjusted earnings from continuing operations of $1.53 per share, down 8 percent from $1.67 a year ago, due to a 19- cent- per-share impact of foreign exchange translation. UTC stuck with the outlook at gave investors a month ago, saying it expected 2016 adjusted earnings per...

  • WASHINGTON— Few neighborhoods can match the perks of Adams Morgan in Washington, D.C.— a reality that reflects a broader problem for the U.S. housing market. And many of those neighborhoods exist in only two cities: Washington and Seattle, according to a new analysis released Wednesday by the real estate brokerage Redfin. Some cities, such as Baltimore, Boston and...

  • HomeStreet tops Street 4Q forecasts Tuesday, 26 Jan 2016 | 4:59 PM ET

    SEATTLE _ HomeStreet Inc. on Tuesday reported fourth-quarter profit of $8.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. HomeStreet shares have dropped 11 percent since the beginning of the year.

  • *Gold hits peak of $1,121.80/ oz, highest since Nov 4. NEW YORK/ LONDON, Jan 26- Gold rose to a 12- week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST, the highest since Nov. 4.

  • Jan 25- A business group said on Monday it was asking the U.S. Supreme Court to hear its appeal of a lower-court ruling tossing out its challenge of part of Seattle's law to increase the minimum wage. The International Franchise Association, which brought its lawsuit against the city in June 2014, says the law favors independent businesses because it requires...

  • SEATTLE, Jan 22- A former Alaska Airlines pilot has been charged with flying two passenger flights between California and Oregon in 2014 while under the influence of alcohol, federal prosecutors said. Attorney for the Central District of California, said in a statement on Thursday. Arntson flew from San Diego International Airport to an airport in Portland,...

  • Jan 20- American Airlines Group Inc said on Wednesday it will add flights from Los Angeles to two hubs of its rival Delta Air Lines Inc, the latest move in a tug of war between the carriers for dominance in the No. 2 U.S. city. American, the world's largest airline, said it will fly five times daily from Los Angeles to Delta's Seattle hub and twice daily to Delta's...

  • *Slow physical demand in Asia caps gold upside. NEW YORK/ LONDON, Jan 20- Gold rose 2 percent on Wednesday, benefiting as global equity markets fell to 2-1/ 2- year lows and oil prices continued their relentless slump to a 13- year low, leading other commodity markets broadly lower. However, slow physical demand from Asia kept the metal from returning to this month's...

  • Jan 20- American Airlines Group Inc said on Wednesday it will add flights from Los Angeles to two hubs of its rival Delta Air Lines Inc, the latest move in a tug of war between the carriers for dominance in the No. 2 U.S. city. American, the world's largest airline, said it will fly five times daily from Los Angeles to Delta's Seattle hub and twice daily to Delta's...

  • WASHINGTON, Jan 15- The U.S. Supreme Court on Friday agreed to consider Microsoft Corp's bid to fend off class action claims by Xbox 360 owners who contend that the videogame console has a design defect that causes game discs to be gouged. The court will review a March 2015 ruling by the 9th U.S. Circuit Court of Appeals on the question of whether a lower court...

  • SEATTLE, Jan 14- Just days after finally rumbling back to life, Seattle's huge tunnel-digging machine, Bertha, was shut down by state officials on Thursday because of a small sinkhole, marking the latest snag for a long-delayed $3.1 billion waterfront highway project. Contractor Seattle Tunnel Partners was told to suspend work on the project after the sinkhole...

  • Jan 14- Goldman Sachs Group Inc said on Thursday it would pay over $5 billion to settle claims it misled mortgage bond investors during the financial crisis, a move that will cut the firm's fourth quarter earnings by about $1.5 billion. Goldman Sachs said the settlement comprises a $2.385 billion civil penalty, a $875 million cash payment and $1.8 billion in...

  • Jan 14- Goldman Sachs Group Inc said it will pay $5.06 billion to resolve civil claims related to the firm's securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007.. The Wall Street bank, which is expected to report fourth-quarter earnings next week, said it will pay a $2.385 billion civil monetary penalty, make $875...

  • SAN FRANCISCO, Jan 13- GrabTaxi, the on-demand ride service and Uber competitor in Southeast Asia, is opening a technology center in Seattle, marking the company's first physical presence in the United States. The Seattle center will complement GrabTaxi's engineering centers in Singapore and Beijing. GrabTaxi is the leading ride-hailing app in Southeast...