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  • LOS ANGELES— Microsoft booked an $8.4 billion charge in the fourth quarter, swallowing a bitter pill by writing off the Nokia phone business it bought just over a year ago. The Redmond, Washington- based software giant posted a net loss of $3.20 billion, or 40 cents per share, reversing a profit of $4.61 billion, or 55 cents per share, a year ago. Adjusted to exclude the...

  • Riverview Bancorp posts 1Q profit Tuesday, 21 Jul 2015 | 4:31 PM ET

    VANCOUVER, Wash. _ Riverview Bancorp Inc. on Tuesday reported fiscal first-quarter net income of $1.6 million. The holding company for Riverview Community Bank posted revenue of $9.7 million in the period. Keywords: Riverview Bancorp, Earnings Report.

  • Microsoft reports 4Q loss Tuesday, 21 Jul 2015 | 4:18 PM ET

    REDMOND, Wash.— Microsoft Corp. on Tuesday reported a fiscal fourth-quarter loss of $3.2 billion, after reporting a profit in the same period a year earlier. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Microsoft shares have climbed almost 2 percent since the beginning of the year, while the...

  • LOS ANGELES— Los Angeles County on Tuesday became the latest area in the country to take a step toward lifting the minimum wage to $15 an hour after officials were told it would either kill business or help lift bread-winners out of poverty. The Board of Supervisors voted 3-2 to direct county lawyers to draft a proposed law that would gradually increase the base...

  • Brother sues Seattle CEO who set $70,000 minimum wage Tuesday, 21 Jul 2015 | 1:17 AM ET

    SEATTLE— A Seattle CEO who set a $70,000 minimum wage for all his employees is now being sued by his brother. The Seattle Times reports Lucas Price accuses his brother and co-founder, Dan Price, in court documents of violating his rights as minority shareholder in Gravity Payments and breaching duties and contracts. The complaints were initially signed March 13...

  • Banner tops Street 2Q forecasts Monday, 20 Jul 2015 | 4:09 PM ET

    WALLA WALLA, Wash. _ Banner Corp. on Monday reported second-quarter net income of $13.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Four analysts surveyed by Zacks expected $62.2 million.

  • Drought dings quality of winter wheat in Northwest Monday, 20 Jul 2015 | 12:19 PM ET

    HELENA, Mont.— Intense drought conditions have shrunk the kernels and disrupted the proteins of winter wheat crops in Montana, Washington, Oregon and Idaho, the region that produces a fifth of the U.S. harvest. Blake Rowe, CEO of the Oregon Wheat Commission and Oregon Wheat Growers League, said the heat wave in May and June caused Oregon's prominent soft white winter...

  • BILLINGS, Mont.— A train that derailed and spilled 35,000 gallons of oil in northeastern Montana was traveling within authorized speed limits, federal officials said Monday as they continued to probe the accident's cause. The Burlington Northern Santa Fe Railway train loaded with crude from North Dakota was traveling 44 mph before Thursday's wreck, U.S....

  • NEW YORK— Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. The cost of staying in a nursing home has climbed at twice the rate of...

  • DENVER— Microscopic bugs and mildew can destroy a marijuana operation faster than any police raid. And because the crop has been illegal for so long, neither growers nor scientists have any reliable research to help fight the infestations. There's nothing, "said Frank Conrad, lab director for Colorado Green Lab, a pot-testing lab in Denver.

  • WASHINGTON— Congress' midsummer to-do list may take until Christmas to clear. At the top are maintaining the flow of highway funding, easing automatic budget cuts to the Pentagon and domestic agencies, renewing tax breaks and raising the debt limit. "We're going to leave that fight till September, October, November, December," Senate Majority Whip John Cornyn, R-...

  • ATLANTA— More than a dozen states that opted to expand Medicaid under the Affordable Care Act have seen enrollments surge way beyond projections, raising concerns that the added costs will strain their budgets when federal aid is scaled back starting in two years. That's greater than what was initially predicted through 2021. As a result, the state revised its...

  • Christmas in the Capitol? Congress' to-do list grows Sunday, 19 Jul 2015 | 8:05 AM ET

    WASHINGTON— Congress' midsummer to-do list may take until Christmas to clear. At the top are maintaining the flow of highway funding, easing automatic budget cuts to the Pentagon and domestic agencies, renewing tax breaks and raising the debt limit. "We're going to leave that fight till September, October, November, December," Senate Majority Whip John Cornyn, R-...

  • Fire, propane explosion damage Washington business Friday, 17 Jul 2015 | 2:27 PM ET

    MOSES LAKE, Wash.— A dramatic fire and explosion that sent a propane tank flying 1,000 feet burned five buildings Friday at a company that makes plastic tarps to cover haystacks and set fire to 11,000 tons of hay in central Washington state. The blaze closed Interstate 90, the state's main east-to-west freeway, in both directions for about two hours.

  • KANSAS CITY, Mo.— Kansas City's minimum wage will rise to $13 an hour over about four and a half years under an ordinance that council members approved Thursday, although there are questions whether it could withstand a legal challenge. Andrew Kling, the spokesman for Communities Creating Opportunity, a faith-based community organizing nonprofit in Kansas...

  • July 16- Zodiac Aerospace said it is considering moving machinery from a U.S. factory crippled by a powerful explosion on Tuesday so that it can continue making aircraft interior composite panels needed by the booming aviation industry. Airbus did not immediately respond to requests for comment. Boeing and Airbus are churning out more than 100 jetliners a...

  • The Sacramento, California- based Pacific Legal Foundation announced it has filed a lawsuit in U.S. District Court in Minnesota on behalf of the ranchers over the recent expansion of the Clean Water Act. EPA spokeswoman Monica Lee declined to comment on the lawsuit. The agency said in a statement that the EPA and the U.S. Army Corps of Engineers finalized the Clean...

  • Glance: Amazon's 20 bets in 20 years Thursday, 16 Jul 2015 | 11:09 AM ET

    NASHVILLE, Tenn.— Amazon turns 20 on Thursday. 1999: The company launches Amazon Auctions, a separate site that resembled eBay's auction sites, which did not succeed. "I think seven people came, if you count my parents and siblings," reminisced founder and CEO Jeff Bezos.

  • As Amazon turns 20, a look at its biggest bets Thursday, 16 Jul 2015 | 11:02 AM ET

    NEW YORK— Amazon has come a long way from selling books out of a Seattle garage. And eventually, it morphed into the global e-commerce powerhouse it is today with $89 billion in annual revenue. Led by its 51- year-old founder, Jeff Bezos, the Seattle company's strategy has long been to make big bets and expand into new areas.

  • July 15- A powerful blast at a Zodiac Aerospace factory in Washington state made some portions of the building unsafe to enter, raising concerns that the assembly of Boeing and Airbus aircraft could be affected. Boeing and Airbus said on Wednesday they were assessing the potential impact of the factory closure on their operations, since it supplies materials...