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Top News & Analysis Seattle

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or...

  • A general view of the entrance to KeyArena before the NBA game between the Portland Trail Blazers and the Seattle SuperSonics on November 1, 2006 in Seattle, Washington.

    Seattle rejected a hedge fund investors' offer to build a stadium — then fell short of its private-funding goals, Vocativ reports.

  • May 4- Starbucks Corp said on Thursday it would expand its loyalty rewards program at grocery stores to include more products, as it seeks to win more customers amid a soft retail and restaurant environment in the United States. Seattle- based Starbucks, which launched its rewards program in 2009, made changes to it last year, which irked some customers and caused...

  • BERLIN, May 4- Amazon launched deliveries of fresh groceries in Berlin and neighbouring Potsdam on Thursday for members of its Prime subscription service, a move that could accelerate online sales of food that have been sluggish in Germany so far. Amazon said in a statement that Prime members can choose from 85,000 products, including items such as chocolate,...

  • *Focus on Fed meeting statement due out Wednesday. NEW YORK, May 2- U.S. Auto sales were weak across the board from everybody... with dramatically rising inventories, said Mary Ann Hurley, vice president in fixed income trading at D.A.

  • Tencent sets up an AI lab in Seattle

    Asia's most valuable company is setting up an artificial intelligence research lab on Amazon's home turf.

  • Tencent is looking to build a team of 20 for its AI research lab in Seattle.

  • HONG KONG, May 2- Chinese social media and gaming giant Tencent Holdings said on Tuesday it will open an artificial intelligence research facility in Seattle in the United States, to be led by former Microsoft scientist Yu Dong. Yu, who has been appointed as deputy head of Tencent's AI Lab division, will run the new lab as well as spearhead research in speech...

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • Deutsche Post already delivers Amazon packages in Germany. BOCHUM, Germany, April 28- Deutsche Post DHL won a contract to deliver groceries for Amazon's AmazonFresh service in Germany, which could help ease concerns that the U.S. retailer's own delivery services are an increasing threat to the German logistics group. People close to the matter told Reuters...

  • April 27- Amazon.com Inc's retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading. The world's largest online retailer said on Thursday net sales rose 23 percent to $35.7 billion, just beating analysts' average estimate of $35.3 billion,...

  • The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known among investors for heavy spending and roller-coaster results- posted a net profit. Analysts on average were expecting $1.12 per share, according to Thomson Reuters I/B/E/S. "The core e-commerce segment...

  • The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known for its heavy spending and roller-coaster results- has posted a net profit. Amazon's net sales in North America, its biggest market, jumped 23.5 percent to $20.99 billion in the latest quarter.

  • Net income fell to $99 million, or 79 cents per share, in the first quarter ended March 31, from $184 million, or $1.46 per share, a year earlier. Alaska Air in December of last year acquired rival carrier Virgin America Inc in a $2.6 billion deal, making the Seattle- based company the fifth largest U.S. airline by passenger traffic. The first quarter totals reflect...

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for having engaged in an insider trading scheme that prosecutors said netted him $331,000. He previously reached a $375,907 settlement with the U.S. Securities and Exchange Commission.

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do not cooperate with federal immigration authorities. Those threatened were: the state of California; New...

  • SAN FRANCISCO, April 21- A massive power outage threw San Francisco into chaos for most of the work day on Friday, knocking out traffic signals, paralyzing businesses and halting the city's famed cable cars. The power outage, which was triggered by a fire in a PG&E Corp. utility substation, disrupted San Francisco's normally bustling financial district, home to...

  • SAN FRANCISCO, April 21- A power outage triggered by a fire in a utility substation blacked out much of San Francisco on Friday, paralyzing the city's technology and finance center, halting its famed cable cars and shuttering major retailers. The utility PG&E Corp reported a fire and a circuit-breaker failure at a San Francisco substation, with a series of...