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Top News & Analysis Washington

  • LOS ANGELES, July 27- Starbucks Corp's new chief executive said the world's biggest coffee chain is making a long-term investment in China, amid worries that growth from its dominant U.S. market is cooling. Kevin Johnson, who succeeded Starbucks co-founder Howard Schultz as CEO in April, is tasked with the difficult job of finding new ways to deliver the robust...

  • The world's largest online retailer posted second-quarter revenue of $38 billion, up 25 percent from a year earlier. Yet Seattle- based Amazon posted a 77 percent drop in quarterly income, and even said it could lose up to $400 million in operating profit during the current quarter. The company had earned 40 cents per share instead of $1.42 as analysts had...

  • BOTHELL, Wash. _ Seattle Genetics Inc. on Thursday reported a loss of $56.4 million in its second quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share. Seattle Genetics shares have increased slightly since the beginning of the year.

  • LOS ANGELES, July 27- Starbucks Corp's new chief executive said the world's biggest coffee chain is making a long-term investment in China, as worries that growth from its dominant U.S. market is cooling. Kevin Johnson, who succeeded Starbucks co-founder Howard Schultz as CEO in April, is tasked with the difficult job of finding new ways to deliver the robust...

  • BELLEVUE, Wash. _ Expedia Inc. on Thursday reported second-quarter earnings of $56.7 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share. Expedia shares have climbed 36 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 11 percent.

  • SEATTLE _ Starbucks Corp. on Thursday reported fiscal third-quarter profit of $691.6 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 55 cents per share. Nine analysts surveyed by Zacks expected $5.74 billion.

  • NEW YORK— Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon's stock fell nearly 1 percent for the day to $1,046. Amazon shares have been trading at a record high.

  • NEW YORK— Starbucks is shutting down its struggling Teavana chain, and relying on customers who spend more on pricier drinks and food to drive up sales at its namesake coffee stores. It had acquired the U.S. mall-based chain in 2012, with then-CEO Howard Schultz citing the huge potential for the tea market. Dunkin' Donuts said earlier in the day that customer...

  • Ten analysts surveyed by Zacks expected $37.21 billion. For the current quarter ending in October, Amazon said it expects revenue in the range of $39.25 billion to $41.75 billion. Analysts surveyed by Zacks had expected revenue of $40.04 billion.

  • Leonard Green& Partners LP, Apollo Global Management LLC and KKR& Co LLP are among the private equity firms in talks with the Nordstrom family members, according to the sources. The Nordstrom family members are also contemplating using $7 billion to $8 billion in debt to finance their bid, some of the sources added. Seattle- based Nordstrom, which has a market...

  • Abney's remarks come as the Trump administration nears the August 16 start of talks with Mexico and Canada to renegotiate the North American Free Trade Agreement. Trump has repeatedly called the 1994 trade treaty a "disaster" that has shuttered U.S. factories and sent American jobs to Mexico. UPS has been expanding its services into Mexico.

  • TACOMA, Wash. _ Columbia Banking System Inc. on Thursday reported second-quarter earnings of $27.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BELLEVUE, Wash. _ Blucora Inc. on Thursday reported second-quarter net income of $3.3 million, after reporting a loss in the same period a year earlier. For the current quarter ending in October, Blucora expects its results to range from a loss of 24 cents per share to a loss of 14 cents per share. Blucora expects full-year earnings in the range of $1.25 to $1.45 per...

  • DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher quarterly net profit due largely to a jump in ecommerce deliveries in its U.S. domestic package service. The Atlanta- based company posted second-quarter net income of $1.4 billion or $1.58 per share, up nearly 8 percent from $1.3 billion or $1.43 per share a year earlier.

  • DUBAI, United Arab Emirates— Qatar has hired a Washington influence firm founded by former top campaign aides to President Donald Trump and another specialized in digging up dirt on U.S. politicians, signaling it wants to challenge Saudi Arabia's massive lobbying efforts in America's capital amid a diplomatic dispute among Arab nations.

  • ANCHORAGE, Alaska— A suspect is in custody in the death of a woman during a domestic dispute on a cruise ship in U.S. waters off Alaska, the FBI in Anchorage said late Wednesday. FBI spokeswoman Staci Feger-Pellessier had no other details ahead of a scheduled Thursday news conference at which the U.S. attorney's office plans to announce charges.

  • An FBI spokeswoman in Anchorage says a suspect is in custody in the death of a woman on a cruise ship in U.S. waters off of Alaska. Princess Cruises says a 39- year-old Utah woman died Tuesday night on the Emerald Princess following a domestic dispute. The office says the news conference will include representatives of the FBI and the Coast Guard, agencies that were...

  • The office says the news conference will include representatives of the FBI and the Coast Guard, agencies that were involved in the investigation. Princess Cruises said a 39- year-old woman from Utah died aboard the Emerald Princess late Tuesday, following a domestic dispute. Princess Cruises said a 39- year-old Utah woman died Tuesday night on the Emerald...

  • RENTON, Wash. _ First Financial Northwest Inc. on Wednesday reported second-quarter earnings of $1.9 million. The Renton, Washington- based bank said it had earnings of 18 cents per share. Keywords: First Financial Northwest, Earnings Report.

  • WALLA WALLA, Wash. _ Banner Corp. on Wednesday reported second-quarter net income of $25.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Three analysts surveyed by Zacks expected $119.5 million.