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Top News & Analysis Washington

  • The Standard& Poor's CoreLogic national home price index, released Tuesday, increased 5.6 percent in May, the latest data available. A separate price index maintained by the National Association of Realtors is also rising steadily, though it remains about 9 percent below its 2006 peak. Much of the price gain is being driven by Seattle; Portland, Oregon; and San...

  • BELLEVUE, Wash. _ Paccar Inc. on Tuesday reported second-quarter profit of $373 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share. Paccar shares have risen 8 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10 percent.

  • SAN FRANCISCO, July 25- Convoy, an app connecting truck drivers with loads of freight, has raised more than $60 million as startup investors double down on technology bets to transform the long-haul trucking industry. The funding round was led by Y Combinator, a technology startup accelerator based in Silicon Valley, Convoy Chief Executive Officer Dan Lewis...

  • SPOKANE, Wash. _ Potlatch Corp. on Monday reported second-quarter net income of $24.2 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SEATTLE _ HomeStreet Inc. on Monday reported second-quarter earnings of $11.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. HomeStreet shares have dropped 12 percent since the beginning of the year.

  • WASHINGTON, July 24- U.S. home resales fell more than expected in June as a dearth of properties amid strong demand pushed prices to a record high, keeping first-time buyers on the sidelines. "The fact that demand is so high is actually a good sign of economic health," said Svenja Gudell, chief economist at Zillow. The National Association of Realtors said on Monday...

  • WASHINGTON, July 24- U.S. home resales volumes fell more than expected in June as a dearth of properties pushed house prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. Sales were up 0.7 percent from June 2016.

  • SEATTLE— As expected, attorneys have filed a lawsuit challenging Seattle's new ordinance to tax high-income earners. Multiple news outlets reported Friday that the suit was filed on behalf of Seattle resident and investment manager Michael Kunath. The lawsuit was filed just minutes after Mayor Ed Murray signed the ordinance with little fanfare on July 14.

  • SEATTLE— Amazon's new ready-to-eat meal package is the perfect recipe for someone who doesn't have enough time to shop and cook, yet has a healthy appetite and a need for balanced meals. For now, Amazon's meal kits are available only in limited markets, including Seattle. When I tried to place my order Tuesday, Amazon said the only delivery times left that day were...

  • NEW YORK— A popular online pet-care network is taking aim at a little-known law that makes paid pet-sitting illegal in New York City. City Councilman Corey Johnson, a Manhattan Democrat, plans to draft legislation that could revise what he calls an impractical and "antiquated" law. Health Department spokesman Julien Martinez says licensing and inspections...

  • SAN FRANCISCO, July 20- Microsoft Corp reported better-than-expected quarterly profit and revenue on Thursday, helped by strong performance in its fast-growing cloud business. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended...

  • Shares of the world's largest software company rose as much as 1.5 percent in after-hours trading, after touching a record high of $74.30 during the regular session. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended June 30.

  • SAN FRANCISCO— Microsoft's cloud computing business helped boost its fourth-quarter revenue and earnings above Wall Street's expectations, further validating a strategy pushed by CEO Satya Nadella since he took over in 2014.. Microsoft reported that is cloud business revenue, which includes its signature Azure platform, grew 11 percent year-over-year...

  • Seattle Mayor Ed Murray signs a bill that raises the city's minimum wage to $15 an hour on June 3, 2014 in Seattle, Washington. The bill passed unanimously in a June 2 Seattle city council meeting.

    New studies are showing mixed reviews on effects of $15 minimum wage on Seattle's economy, N.Y. Times reports.

  • TORONTO— Ontario's largest power transmitter and distributor says it has signed a friendly deal to acquire U.S. company Avista Corp. for US $5.3 billion in an all-cash deal. Hydro One said Wednesday it will pay US $53 per share for the utility. Avista would keep its existing corporate headquarters in Spokane, Washington, and continue to operate as a stand-alone...

  • WASHINGTON, July 19- A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a Republican who heads the Energy and Commerce Committee...

  • The company won new customers even as rivals AT&T and Verizon are now also selling unlimited data plans, which many consumers prefer to plans that cap how much they can use. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. The Bellevue, Washington- based company's revenue rose 10 percent to $10.15...

  • Seattle

    Seattle passed a new income tax on households earning more than $500,000, prompting the state's Republicans to revolt.

  • NEW YORK— Amazon is already a huge part of many people's lives. "It kind of feels like they're taking over so much commerce in our life," said Erica McGivern, a Whole Foods and Amazon customer who lives in Seattle, where Amazon is headquartered. The acquisition could easily hurt both Amazon's existing rivals and future startups that might one day challenge it.

  • Rich shouldn't pay their taxes, Washington state GOP says

    Seattle plans to impose a 2.25 percent tax on income above $250,000 for individuals and above $500,000 for couples.