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Top News & Analysis Seattle

  • MOUNTAIN VIEW, Calif., Aug 10- U.S. Defense Secretary Jim Mattis said on Thursday an Obama-era experimental defense outpost in Silicon Valley would grow in importance under the Trump administration and that the nation's technology entrepreneurs were vital to national defense. Mattis paid his first official visit to the Pentagon's Defense Innovation...

  • The upscale Seattle- based clothing and accessories retailer also slightly raised its full-year earnings forecast to $2.85- $3 per share from $2.75- $3 per share, and said it now expected net sales for the year to increase about 4 percent instead of 3-4 percent. Nordstrom, which has fought back by investing in its own off-price discount chain, Nordstrom Rack, said...

  • Nordstrom said net income fell to $110 million, or 65 cents per share, from $117 million, or 67 cents per share, a year earlier. The upscale Seattle- based clothing and accessories retailer reported a 1.7 percent increase in same-store sales for the second quarter ended July 29, handily beating the 0.5 percent decline expected by research firm Consensus Metrix.

  • Defense Secretary Jim Mattis kicked off his first official visit to the U.S. technology industry on Thursday with a tour of Amazon's headquarters in Seattle, the first stop on a two-day outreach campaign intended to highlight the Pentagon's commitment to tech innovation. Mattis was scheduled to visit Mountain View, California, later in the day to tour the...

  • NEW YORK/ SAN FRANCISCO, Aug 10- Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business. Currently Ticketmaster, owned by Live Nation Entertainment Inc, is the exclusive seller of primary tickets for many top venues...

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Parcels delivered to residences, as well as large packages and those exceeding system weight limits, would face surcharges of up to 97 cents for two-day air services to residential addresses from Dec. 17-23, UPS said. A 27- cent surcharge per package will apply to UPS' ground service from Nov. 19 to Dec. 2 and between Dec. 17 and Dec. 23, UPS said. Baird Equity Research...

  • Hyndman, Pa., Aug 2- Rail cars carrying gas and sulfur on a CSX Corp freight train skidded off the tracks and burst into flames on Wednesday in a small Pennsylvania town, forcing hundreds of residents to flee their homes as firefighters fought the blaze. No injuries were reported after the crash in Hyndman, about 100 miles southeast of Pittsburgh.

  • No injuries were reported after the derailment in Hyndman, about 100 miles southeast of Pittsburgh. The company said trains and shipments would be delayed between Connellsville, Pennsylvania, and Cumberland, Maryland. The National Transportation Safety Board said it was sending a team of six to investigate the CSX train derailment, propane tank car fire, in...

  • Aug 2- CSX Corp said a freight train derailed in southern Pennsylvania on Wednesday. No injuries were reported after the derailment in Hyndman, but the company said trains and shipments would be delayed between Connellsville and Cumberland, Maryland. "Customers with freight traveling across these lines should expect service disruptions for one week as...

  • Soda tax hits wallets in Chicago

    A new, penny-per-ounce tax on all sweetened, pre-packaged beverages is set to go into effect Wednesday in Cook County.

  • And it has potentially big implications for Silicon Valley. It's because they have capital to do so, "said Steve Blank, a serial entrepreneur, startup mentor and adjunct professor at Stanford University. Early-stage investors, known in Silicon Valley vernacular as seed and angel investors, often act as farm teams do in sports.

  • SEATTLE, Aug 1- CSX Corp Chief Executive Hunter Harrison has apologized to customers for service disruptions that he attributed to some railroad employees resisting changes at the company, according to an email seen by Reuters. On Tuesday, Cowen& Co analysts said more than 80 percent of shippers they surveyed have experienced problems with CSX and nearly 40...

  • And it has potentially big implications for Silicon Valley. It's because they have capital to do so, "said Steve Blank, a serial entrepreneur, startup mentor and adjunct professor at Stanford University. Early-stage investors, known in Silicon Valley vernacular as seed and angel investors, often act as farm teams do in sports.

  • Former farm fields replaced by high tech industry growth in the San Jose area, California.

    The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies.

  • And it has potentially big implications for Silicon Valley. It's because they have capital to do so, "said Steve Blank, a serial entrepreneur, startup mentor and adjunct professor at Stanford University. Early-stage investors, known in Silicon Valley vernacular as seed and angel investors, often act as farm teams do in sports.

  • And it has potentially big implications for Silicon Valley. It's because they have capital to do so, "said Steve Blank, a serial entrepreneur, startup mentor and adjunct professor at Stanford University. Early-stage investors, known in Silicon Valley vernacular as seed and angel investors, often act as farm teams do in sports.

  • A sweetened beverage tax will take effect in Chicago on Wednesday after an Illinois judge threw out a lawsuit by retailers that argued the measure was vague and unlawful.

  • CHICAGO, July 28- A sweetened beverage tax will take effect in Chicago on Wednesday after an Illinois judge threw out a lawsuit by retailers that argued the measure was vague and unlawful. Cook County, which includes Chicago and surrounding suburbs, joins a growing number of localities across the United States that have adopted measures to cut consumption of...