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  • 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...

  • NEW YORK, Jan 11- If Paulus Prajudha ever stops working, he will be exceedingly happy about the decision he made in his early 50 s to supersize his retirement account with catch-up contributions. "Right now, I'm just maximizing what goes into the pot," says Prajudha, 63, who is an accountant for a technology firm in Sunnyvale, California. This year, on top of the $18,000...

  • *Says norovirus contamination in California being probed. WASHINGTON/ CHICAGO, Jan 6- Chipotle Mexican Grill Inc, under scrutiny for months over outbreaks of foodborne illness across several U.S. states, said on Wednesday it was served with a subpoena in a federal criminal probe linked to norovirus cases in California last year. Chipotle said it received the...

  • Jan 6- Lamar Advertising Co is in advanced talks to buy billboard assets in five U.S. cities from Clear Channel Outdoor Holdings Inc worth roughly $450 million, according to people familiar with the matter. Lamar is close to a deal to purchase Clear Channel Outdoor's billboard assets in Cleveland, Des Moines, Memphis, Reno and Seattle, the sources said this week,...

  • SEATTLE, Jan 5- A Seattle artist has settled her lawsuit against pet products maker Hartz Mountain Corp in which she claimed she was cheated out of millions of dollars from the sale of "Angry Birds" pet toys she designed, her attorney said on Tuesday. A settlement notice filed in U.S. District Court in Washington state in December said all claims in the lawsuit had...

  • YOUR MONEY-Predictions for the 2016 housing market Monday, 28 Dec 2015 | 9:00 AM ET

    No housing expert has a crystal ball, but Svenja Gudell, recently appointed chief economist for the housing site Zillow.com, has looked at enough data to make a pretty good guess. A: Next year, the combination of unemployment, population growth and the home value growth will make markets like Boise, Idaho, Salt Lake City, Utah, and Omaha, Nebraska, stand out.

  • A Silicon Valley for drones, in this unlikely place Friday, 25 Dec 2015 | 11:35 AM ET
    A commercial passenger plane flies overhead as a multirotor quadcopter drone is used for aerial photography.

    Encouraged by the state, a burgeoning industry in unmanned aircraft draws on local technical expertise and pilots. The NYT reports.

  • FORT LAUDERDALE/ NEW YORK/ SEATTLE/ VANCOUVER Dec 21- U. S. and Canadian officials have pledged to work with China to track down and repatriate Chinese fugitives living abroad. So far, only one person on China's Operation Sky Net list of 100 most wanted fugitives- 46 of whom were believed to be in the United States and Canada- has been returned to China from either...

  • SAN FRANCISCO, Dec 14- Seattle on Monday became the first major U.S. city to pass a law giving drivers for Uber and Lyft the right to unionize, the latest twist in a heated debate about how workers for app-based ride services should be treated. The law approved unanimously by the Seattle City Council recognizes the right of drivers for on-demand ride companies...

  • Seattle allows Uber, Lyft drivers to unionize Monday, 14 Dec 2015 | 6:56 PM ET
    An Uber driver drives a passenger in Boston, MA.

    Seattle on Monday became the first city to allow drivers of ride-hailing firms such as Uber and Lyft to unionize over pay and working conditions.

  • SEATTLE CITY COUNCIL UNANIMOUSLY PASSES LAW ALLOWING UBER, LYFT DRIVERS TO UNIONIZE.

  • SAN FRANCISCO, Dec 10- Luxe, a startup that provides valet parking through an app, launched a subscription service for all its users on Thursday, as consumers increasingly turn to their smartphones for transportation options at the press of a button. San Francisco- based Luxe's gross revenue is growing 40 percent per month, he added, and is 15 times larger since the...

  • Parking valet startup Luxe adds subscription service Thursday, 10 Dec 2015 | 8:16 PM ET

    SAN FRANCISCO, Dec 10- Luxe, a startup that provides valet parking through an app, launched on Thursday a subscription service for all its users, as consumers increasingly turn to their smartphones for transportation at the press of a button. San Francisco- based Luxe's gross revenue is growing 40 percent per month, he added. For instance, New York residents tend to...

  • Why Amazon is king of the retail jungle Wednesday, 9 Dec 2015 | 9:37 AM ET
    A UPS worker carries an Amazon box to be delivered in New York in July.

    The retail world is changing and one Seattle-based company is at the forefront of the revolution.

  • NEW YORK/ SEATTLE, Dec 7- Boeing Co on Monday showed off its newest jetliner, a second major revamp of the workhorse 737 it introduced 50 years ago, as its best-selling plane shows signs of losing some ground in the marketplace to rival Airbus. But Airbus' competing A320neo is outselling the 737 MAX, even as both plane makers face challenges to sell their...