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Top News & Analysis Seattle

  • 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.

  • 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.

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do not cooperate with federal immigration authorities. Those threatened were: the state of California; New...

  • SAN FRANCISCO, April 21- A massive power outage threw San Francisco into chaos for most of the work day on Friday, knocking out traffic signals, paralyzing businesses and halting the city's famed cable cars. The power outage, which was triggered by a fire in a PG&E Corp. utility substation, disrupted San Francisco's normally bustling financial district, home to...

  • SAN FRANCISCO, April 21- A power outage triggered by a fire in a utility substation blacked out much of San Francisco on Friday, paralyzing the city's technology and finance center, halting its famed cable cars and shuttering major retailers. The utility PG&E Corp reported a fire and a circuit-breaker failure at a San Francisco substation, with a series of...

  • Roman Seleznev, 32, was found guilty last year by a jury in Seattle of perpetrating a scheme that prosecutors said involved hacking into point-of-sale computers to steal credit card numbers and caused $169 million in losses to U.S. firms. We continue to believe that the arrest of the Russian citizen Roman Seleznev who de facto was kidnapped on the territory of a...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called "sanctuary cities" that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • SAN FRANCISCO, April 21- A power outage hit about 90,000 customers on Friday morning in San Francisco, closing shops and snarling traffic in the city's technology and finance center as a large swath of the financial district lost electricity. The utility PG&E Corp reported a fire at a San Francisco substation and a series of outages began affecting the city...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called "sanctuary cities" that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • Seleznev is the son of Valery Seleznev, a member of the Russian parliament, and Russia called his arrest in the Maldives in 2014 a "kidnapping." Seleznev, 32, was sentenced by Judge Richard A. Jones of the Western District of Washington. Prosecutors said that from October 2009 to October 2013 Seleznev stole credit card numbers from more than 500 U.S. businesses,...

  • SAN FRANCISCO, April 21- A power outage hit about 90,000 customers on Friday morning in San Francisco, closing shops and snarling traffic in the city's technology and finance center as a large swath of the financial district lost electricity. The utility PG&E Corp reported a fire at a San Francisco substation and a series of outages began affecting the city...

  • SAN FRANCISCO, April 21- A power outage hit about 90,000 people on Friday morning in San Francisco, closing shops and snarling traffic in the city's technology and finance center as a large swath of the financial district lost electricity. Paul Doherty, spokesman for utility PG&E Corp, said there had been an incident at a San Francisco substation and a series of...

  • NEW YORK/ LONDON, April 21- Gold prices rose slightly on Friday as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States. "Into the near term, if the geopolitical tensions intensify, there is a chance that gold prices will reach $1,300 or more," OCBC analyst...

  • *French election, North Korea tensions in focus. With no major economic data releases this week investors were focused on the first round of the French election, to be held on Sunday, U.S. tensions with North Korea and any new indications on when the Trump administration is likely to undertake tax and fiscal reforms. The 2.19 percent level represents about 50...