Top News & Analysis Seattle

  • CHICAGO, Feb 13- American Airlines Group Inc said on Thursday it would launch its first direct U.S. flight to Bangalore from Seattle, a new route meant to meet corporate customers' demand for travel to the center of India's high-tech industry. Alaska Airlines is one of the biggest operators of flights along the West Coast, where businesses from Seattle to San Diego...

  • CHICAGO, Feb 12- Boeing Co is unlikely, for several years, to hit the monthly 57- unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday. Boeing was building 52 MAX aircraft per month before the plane was grounded last March following two fatal...

  • SINGAPORE, Feb 12- The global air cargo industry is unlikely to grow this year because of the challenges in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday. The world's biggest manufacturer of freighter aircraft had previously forecast air freight would grow by 1% to 2% this year due in part to the United States and China...

  • Feb 11- Boeing Co scored no new orders for airplanes last month, the first time it has come up empty-handed in January since 1962, as the U.S. planemaker's once best-selling jet, the 737 MAX, remained grounded following two fatal crashes. Most airline customers are avoiding placing fresh orders for the 737 MAX until the aircraft is cleared by regulators to fly...

  • NEW YORK, Feb 10- Saks Fifth Avenue owner Hudson's Bay Co on Monday named a president to lead its off-price business, known as Saks Off 5th, the latest example of a department store chain trying to bolster its outlet stores. Until now, the discount apparel unit Off 5th was run by the president of the main Saks Fifth Avenue chain. Under the watch of Saks Fifth Avenue...

  • LYNNWOOD, Wash., Feb 7- Boeing Co suppliers are shedding jobs and capacity to cope with a halt in 737 MAX output, but while that staves off chaos, aerospace executives worry the industry might be unable to ramp factories quickly enough when the plane wins approval to fly again. Losing payments and workers in a tight labor market heaps pressure on Boeing's...

  • Homes in Memphis, Tennessee.

    Fierce competition and a shrinking supply is driving home prices higher. So, is it cheaper to own or rent? That depends where you are.

  • *China to halve extra tariffs on some U.S. imports. Feb 6- U.S. stocks gained for a fourth straight session on Thursday and Wall Street's main indexes hit record highs as concerns eased over the economic fallout from the coronavirus outbreak in China. China said it would halve additional tariffs levied against some U.S. goods, seen by analysts as a move to boost...

  • *China to halve extra tariffs on some U.S. imports. Feb 6- U.S. stocks gained for a fourth straight session on Thursday and Wall Street's main indexes hit record highs amid growing confidence in China's efforts to contain the economic fallout from the coronavirus outbreak. China said it would halve additional tariffs levied against some U.S. goods, seen by...

  • WASHINGTON, Feb 3- United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday. The airline, which is the last U.S. airline still conducting China flights, said on Friday it planned to fly its last flight from China on Wednesday because of the coronavirus outbreak. The White House said...

  • WASHINGTON, Feb 2- The U.S. Department of Homeland Security issued rules on Sunday to implement new restrictions on Americans who have recently visited China to address the threat of the coronavirus. The Trump administration is limiting flights from China and for Americans who have visited China within the last 14 days to eight major U.S. airports for enhanced...

  • The Trump administration is limiting flights from China and for Americans who have visited China within the last 14 days to seven major U.S. airports for enhanced screening: New York's JFK, Chicago's O'Hare, San Francisco, Seattle- Tacoma, Honolulu, Los Angeles and Atlanta. American Airlines Group Inc temporarily halted all flights to mainland China on Friday,...

  • Jan 31- Amazon.com Inc's rapid expansion of one-day shipping delivered a strong holiday quarter and showed the rising ambition of the company, which in six years has created a network that handles nearly as many packages as FedEx Corp.. "There's definitely a room for a third" major shipper, said Cathy Morrow Roberson, founder of Logistics Trends& Insights, who...

  • "These results and Q1 forecast suggest were past the worst in terms of the margin pressure from the one-day shipping initiative, and that competitive concerns surrounding AWS have been massively overstated, removing two of the main bear arguments on the stock," said Atlantic Equities analyst James Cordwell. Amazon Chief Financial Officer Brian Olsavsky told...

  • "These results and Q1 forecast suggest were past the worst in terms of the margin pressure from the one-day shipping initiative, and that competitive concerns surrounding AWS have been massively overstated, removing two of the main bear arguments on the stock," said Atlantic Equities analyst James Cordwell. Amazon Chief Financial Officer Brian Olsavsky told...

  • Shares soared 13% in after-hours trade, putting the online retailer back in the $1 trillion market capitalization club. Amazon Chief Financial Officer Brian Olsavsky told reporters that additional investment in one-day shipping came slightly under the $1.5 billion it had forecast for the fourth quarter, and that the company would no longer have a...

  • Jeff Bezos, Amazon's chief executive, said in a statement that the company now has more than 150 million paid members in its loyalty club Prime, a 50% increase from the retailer's last disclosure in 2018. Subscribers keep returning to Amazon to benefit from perks like fast delivery and television, and its purchase of U.S. grocer Whole Foods Market and popular...

  • Jan 28- Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market. The world's largest coffee chain said it would update its 2020 forecast when it is able to reasonably estimate the impact from...

  • SEATTLE, Jan 25- Boeing Co successfully staged the first flight of the world's largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX. The 777 X, a larger version of the 777 mini-jumbo, touched down at the historic Boeing Field outside Seattle at 2 pm after a debut which began almost four hours earlier at...

  • SEATTLE, Jan 25- Boeing Co successfully completed on Saturday the maiden flight of the world's largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX. The 777 X, a larger and more efficient version of Boeing's successful 777 mini-jumbo, took off outside...