Top News & Analysis Seattle

  • WASHINGTON, Aug 25- Volkswagen AG said on Thursday it reached a deal to pay its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, and a judge ordered it to move quickly to decide whether to fix or buy back 85,000 luxury vehicles with polluting engines. The automaker and a lawyer for VW dealers announced a tentative settlement...

  • Software Engineers are better off in Seattle

    Engineers in Seattle take home more than those in the San Francisco Bay area when adjusted for the cost of living.

  • LONDON, Aug 25- Ride service Uber, which enables users to instantly hail a taxi ride using their smartphone, will allow customers to book trips days or weeks in advance in London, the first European city to get the option. Earlier this year, the San Francisco- based app avoided having a mandatory waiting time of five minutes imposed upon it and other private hire car...

  • According to a regulatory filing, JPMorgan will collect the cash payment from the estate of Washington Mutual Bank, for which the FDIC acts as receiver. JPMorgan had filed lawsuits seeking to force the FDIC to indemnify it on claims relating to the WaMu purchase, in which it also assumed some of the thrift's liabilities. Deutsche Bank had filed a $10 billion...

  • Aug 19- Massachusetts is preparing to levy a 5- cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States. "They've been breaking the laws that are on the books, that we've been following for many years," said Larry Meister, manager of the Boston...

  • Top Cities to start businesses

    CNBC ranks the emerging hot spots for small businesses based on their tax and regulatory climate, low cost of living and skilled workforce.

  • 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.