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Top News & Analysis Seattle

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  • June 5- Daniel Doctoroff, the former chief executive of news and data provider Bloomberg LP, has launched a bid to buy Titan Outdoor, a company that provides outdoor advertising on buses in U.S. cities, according to three people familiar with the matter. Doctoroff, who left Bloomberg last year, has partnered with a private equity firm in an effort to buy Titan, which...

  • NEW YORK, June 4- The U.S. hotel industry is on a roll, enjoying its best performance since the booming 1990 s, but New York City has come off the boil, suggesting higher occupancy and room rates may have peaked in the No. 1 American tourism destination. Before the financial crisis New York had a supply deficit, keeping hotel rates and occupancies in Manhattan high, said...

  • June 4- Delta Air Lines Inc on Thursday said its operating profit margin this quarter could be lower than it expected as the U.S. airline industry wrestles with slightly weaker U.S. demand and with oil prices inching up. Delta's shares fell more than 1 percent while United's tumbled more than 2 percent after Compton said United was pricing competitively to...

  • SAN FRANCISCO, June 4- Seattle- based Madrona Venture Group said it has raised $300 million for a new fund, its sixth, drawing on the growing start-up community in the backyard it shares with Amazon.com Inc and Microsoft Corp.. Those entrepreneurs benefit from Amazon's and Microsoft's diversification beyond their narrow beginnings. "If you go back certainly 10...

  • Last week, reports revealed one duodenoscope manufacturer, Olympus Corp, was being investigated by the federal agency, but the broader reach of the investigation, including subpoenas to other makers including Fujifilm Holdings Corp and Pentax Medical, a unit of Ricoh, has not been reported previously, the newspaper said. Reuters was not able to immediately...

  • LOS ANGELES, June 3- The Los Angeles City Council gave a second nod of approval on Wednesday to a proposal to increase the minimum wage in the nation's second-largest city to $15 an hour by 2020 from the current $9, but the measure must still come back for another vote, officials said. But because the latest vote was not unanimous, the matter must come back for a final...

  • Can't find parking? There's an app for that Wednesday, 3 Jun 2015 | 3:41 PM ET
    Luxe Valet app

    Valet services like Luxe and Zirx are offering everything from basic parking services to oil changes to win the right to park your car.

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • June 2- AstraZeneca Plc would consider acquiring a developer of a new type of cancer therapy aimed at supercharging the body's immune response, Bloomberg quoted Chief Executive Pascal Soriot as saying on Tuesday. An earlier version of the Bloomberg article quoted Soriot as saying that AstraZeneca would consider buying a company such as Juno Therapeutics...

  • June 2- AstraZeneca Plc would consider buying a company such as Juno Therapeutics Inc, Bloomberg reported AstraZeneca's CEO as saying, according to StreetInsider. AstraZeneca and Juno already have a collaboration agreement to test one of AstraZeneca's cancer drugs in combination with Juno's CAR-T cell therapy, which is considered to be a breakthrough in...

  • *Small-cap benchmark Russell 2000 to add, delete components. *$5 trillion benchmarked to Russell indexes. NEW YORK, May 29- Investors trying to capitalize on the annual tweaks to the makeup of Russell stock indexes may produce a rush of transactions worth over $40 billion in the final moments of trading on Friday, June 26, when those changes are formalized.

  • May 28- Amazon.com Inc said on Thursday it will offer limited free same-day delivery under its Prime shipping service as retailers try to outdo each other on delivery deals, and expanded the service to San Diego and the Tampa Bay Area. Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99, plus 99 cents per unit.

  • May 28- Amazon.com Inc said on Thursday it will expand same-day delivery to San Diego and the Tampa Bay Area under its Prime shipping service, which has been an engine of revenue growth for the online seller. Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99 plus 99 cents per unit. The same-day delivery service is...

  • ABOARD THE EMPIRE BUILDER, May 28- Its passengers are mostly silver-haired retirees, oil-field workers and a few young families gazing out the windows of Amtrak's least-profitable and third-longest line, rumbling from Chicago through eight states and on to the American West Coast. A coach ticket between Spokane, Washington and Williston, capital of North...

  • The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp.. Data breaches are becoming more common and significant, with high-profile attacks on Sony Corp, JPMorgan Chase and retailers Target Corp...

  • May 26- Delta Air Lines Inc on Tuesday announced new flights from Seattle to five destinations in its latest move to strip market share from Alaska Air Group Inc, which is based in that city. Investors worry that overlaps with the airport's larger operator Alaska Airlines could lead to lower ticket prices and revenue from Seattle. Delta said it would begin...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders defied executives at its annual meeting on Thursday, approving a proposal to make it easier to nominate directors to the board of the fast-food chain and taking its new CEO to task over wages, advertising and its food. McDonald's Chief Executive Steve Easterbrook, who took the helm on March 1, is fighting on...

  • HOUSTON, May 21- A judge on Thursday denied Royal Dutch Shell's appeal of a ruling that a proposed oil-by-rail project at its Washington state refinery must undergo a full environmental review, just two weeks after a crude train derailment caused a fire in North Dakota. Shell had appealed a February ruling from a Skagit County Office of Land Use Hearings...

  • CHICAGO, May 20- Thousands of McDonald's workers seeking a minimum wage of $15 per hour swarmed the fast-food giant's headquarters for the first of two days of protests to coincide with the fast-food chain's annual meeting on Thursday. Companies such as McDonald's Corp and Wal-Mart Stores Inc are raising starting pay and cities like Seattle and Chicago are...

  • SHANGHAI/ HONG KONG, May 20- Russell Investment Management and China's Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese partners. "Going forward, Russell Investments and Ping An Group have mutually agreed to change the ownership...