Top News & Analysis Seattle

  • CHICAGO/ WASHINGTON, Aug 22- The U.S. Federal Aviation Administration said on Thursday it would invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal crashes. In a statement, the FAA said it had not specified the number of required hours of flight...

  • *Dollar slips as Jackson Hole meeting gets underway. "Manufacturing has been pretty weak across the globe for a while now and we are starting to see that bleed into the U.S.," said Joe Mallen, chief investment officer at Helios Quantitative Research. Investors' focus, however, remained firmly on Friday's speech by Federal Reserve Chair Jerome Powell at a Jackson Hole,...

  • NEW YORK, Aug 22- The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity. Stocks initially rose at the market open as shares of Nordstrom jumped after the department store's quarterly profit beat estimates, joining Target...

  • JACKSON HOLE, Wyo., Aug 21- The one thing Federal Reserve officials were in broad agreement about at their last meeting was this: to not tip their hands about what happens next. But the consensus to not reveal their intentions was clear, and may show that the steady browbeating by President Donald Trump has begun to influence how the Fed communicates.

  • *Next: Powell's Jackson Hole speech on Friday. NEW YORK, Aug 21- A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. Strong earnings in the United States and the report of talks on a megamerger in European autos triggered gains in stocks, and the...

  • Aug 21- Department store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores. The Seattle- based retailer said total revenue fell 5% to $3.87 billion for the second quarter ended Aug. 3, lower than the $3.93 billion expected by...

  • Aug 21- Department store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores. The Seattle- based retailer said net sales fell 5% to $3.78 billion for the second quarter ended Aug. 3, lower than the $3.93 billion expected by...

  • Aug 21- Department store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores. The Seattle- based retailer said net sales fell 5% to $3.78 billion for the second quarter ended Aug. 3, lower than the $3.93 billion expected by...

  • HYDERABAD, Aug 21- India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday. "There is so much opportunity to just let ecommerce thrive versus trying to define every single guard rail under which it should operate,"...

  • SEATTLE, Aug 20- Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October. The world's largest planemaker, burning cash as one of the worst crises in its...

  • WASHINGTON, Aug 21- U.S. and Japanese officials in Tokyo agreed to increase daytime services between Tokyos Haneda Airport and U.S. destinations for two dozen new flights daily, the U.S. Transportation Department said on Wednesday. The department announced earlier this month that American Airlines Group Inc will get flights from Dallas/Fort Worth and Los...

  • Jeff Bezos, right, CEO of Amazon, is presented with the 2016 USIBC Global Leadership Award by Indian Prime Minister Narendra Modi during the 41st Annual Leadership Summit at the Mellen Auditorium, June 7, 2016 in Washington.

    The move comes months after the Seattle-based company scrapped plans to build a major outpost in New York, blaming opposition from local leaders.

  • But most of the estimated growth came from companies such as Broadcom Inc which make parts in the United States for Apple products and from third-party software developers making apps for Apple devices. Apple has countered that it spent $60 billion on products and services from U.S.-based suppliers in 2018 and plans to increase that to $350 billion by 2023..

  • Aug 13- Amazon.com Inc is in late-stage talks to buy as much as 10% of India's Future Retail Ltd, Bloomberg reported on Tuesday, citing people familiar with the matter. Future Group is seeking a valuation of about 20 billion rupees from Amazon for the stake, according to the report. Seattle- based Amazon was also in talks with Reliance Industries Ltd's retail unit to...

  • Zillow spent $240.7 million at its home segment business in the quarter to earn revenue of $248.9 million as it expands its Zillow Offers, which marked a shift to become a buyer and seller of homes from just being an online platform to buy and sell homes. Zillow Offers, which is currently available in 15 cities in the United States, is looking to launch in the...

  • Zillow Offers is available in 15 cities in the United States and gives an instant cash offer directly to the home owner based on a property valuation model and sells it after minor repairs. The Seattle- based company's revenue jumped 84% to $599.6 million, beating the average analyst estimate of $584.9 million, according to IBES data from Refinitiv.

  • NEW YORK/ PARIS, Aug 6- Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that caused many vendors to effectively stop shipping merchandise to the luxury department store chain. "We do not have a white knight as we stand here right now," said Joshua Sussberg, a...

  • Aug 6- U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online rivals. The nearly century-old chain, best known for swanky shop windows on New York's Madison Avenue,...

  • Barneys secured $75 million in new financing from affiliates of Hilco Global and the Gordon Brothers Group to help it keep operating as it navigates the bankruptcy court, it said in a statement. The retailer will close its physical stores in Chicago, Las Vegas and Seattle, along with five smaller concept stores and seven Barneys Warehouse locations.

  • Aug 6- U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported early on Tuesday. The company plans to close stores in 15 of its 22 locations, including those in Chicago, Seattle and Las Vegas, as well as most of its outlets, it added.