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Top News & Analysis Washington

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • SAN FRANCISCO— Dockworkers were given the chance Friday to vote on a new contract extension that could provide long-term labor peace at West Coast seaports, where in recent years work slowdowns and strikes have affected billions of dollars in cargo. Union delegates for 29 ports from Washington to California voted to allow about 20,000 rank-and-file members...

  • SEATTLE— A coal-export terminal proposed in Washington state would increase cancer risks for some residents, make rail accidents more likely and add millions of metric tons of climate-changing greenhouse gas globally every year, according to an environmental study released Friday. Coal would arrive by train from Montana, Wyoming and other states to be...

  • Dara Khosrowshahi, chief executive officer of Expedia Inc.

    Timing was a major factor in Expedia's first-quarter earnings miss, Expedia CEO Dara Khosrowshahi tells CNBC.

  • Deutsche Post already delivers Amazon packages in Germany. BOCHUM, Germany, April 28- Deutsche Post DHL won a contract to deliver groceries for Amazon's AmazonFresh service in Germany, which could help ease concerns that the U.S. retailer's own delivery services are an increasing threat to the German logistics group. People close to the matter told Reuters...

  • SEATTLE _ Weyerhaeuser Co. on Friday reported first-quarter net income of $157 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Weyerhaeuser shares have risen 15 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7 percent.

  • SPOKANE, Wash.— Harvesting Washington state's vast fruit orchards each year requires thousands of farmworkers, and many of them work illegally in the United States. "Human pickers are getting scarce," said Gad Kober, a co-founder of Israel- based FFRobotics. Members of the $7.5 billion annual Washington agriculture industry have long grappled with labor...

  • Facing a May 5 compliance deadline set by the Food and Drug Administration last year, those groups are eyeing a massive spending bill that Congress will have to pass in the next week to keep the government open. At the same time, the FDA is signaling it may act on the issue even sooner. FDA spokeswoman Deborah Kotz said in a statement Friday that the agency is "aware of...

  • 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,...

  • WALLA WALLA, Wash. _ Key Technology Inc. on Thursday reported a loss of $216,000 in its fiscal second quarter. Key Technology shares have risen 8.5 percent since the beginning of the year. Keywords: Key Technology, Earnings Report.

  • BOTHELL, Wash. _ Alder BioPharmaceuticals Inc. on Thursday reported a loss of $100.3 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 95 cents per share. Alder BioPharmaceuticals shares have risen nearly 3 percent since the beginning of the year.

  • 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...

  • VANCOUVER, Wash. _ Riverview Bancorp Inc. on Thursday reported fiscal fourth-quarter earnings of $2 million. The holding company for Riverview Community Bank posted revenue of $12.5 million in the period. Riverview Bancorp shares have risen roughly 7 percent since the beginning of the year.

  • NEW YORK— Microsoft's cloud business propelled its fiscal third-quarter earnings above Wall Street's expectations, but revenue fell short, sending the software maker's stock lower in after-hours trading. Microsoft Corp. said Thursday that it earned $4.8 billion, or 61 cents per share, in the January-March period. Excluding one-time items, Microsoft earned...

  • 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.

  • BELLEVUE, Wash. _ Expedia Inc. on Thursday reported a loss of $86.1 million in its first quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Expedia shares have increased 20 percent since the beginning of the year, while the Standard& Poor's 500 index has increased roughly 7 percent.

  • REDMOND, Wash.— Microsoft Corp. on Thursday reported fiscal third-quarter earnings of $4.8 billion. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Microsoft shares have increased nearly 10 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed nearly 7 percent.

  • NEW YORK— Starbucks is pointing to the Unicorn Frappuccino as an example of its digital savvy, and ability to ride out of its sales slump. But the Seattle- based company cited several changes it's been making to ease the congestion in stores that it said was driving away some customers. Executive Chairman Howard Schultz called the drink "the most stunning example...

  • "It seems counterintuitive they are investing in any physical stores when they are blamed for the demise of so many of them, but no cow is sacred," says Sucharita Mulpuru, a retail analyst in Charlotte, North Carolina. In the first three months of the year, the Seattle company earned $724 million, or $1.48 per share, a 41 percent increase from a year earlier.

  • The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Eleven analysts surveyed by Zacks expected $35.39 billion. Analysts surveyed by Zacks had expected revenue of $36.93 billion.