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Top News & Analysis Seattle

  • SAN FRANCISCO, Aug 11- Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. It could also complement Amazon's planned $13.7 billion purchase of Whole Foods Market Inc and Amazon's checkout-free...

  • 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.

  • SEATTLE— Nordstrom Inc. said its second-quarter profit declined 6 percent, but it reported encouraging sales growth. The department store chain said Thursday that it earned $110 million, or 65 cents per share, during the quarter. The results exceeded the 62 cents per share average expected by 11 analysts surveyed by Zacks Investment Research.

  • 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...

  • Macy's, Kohl's and Dillard's all said Thursday that a key sales figure fell again in the latest quarter as customers increasingly shop online, at discount stores and elsewhere. At Macy's the decrease wasn't as bad as Wall Street expected, and Kohl's managed to keep the decline to just 0.4 percent. But Macy's Inc. shares fell 10 percent, Kohl's Corp. fell nearly 6...

  • SEATTLE— A giant summertime festival celebrating all things marijuana has drawn support or at least toleration over the years from officials in Seattle, the largest city in one of the first states to legalize recreational pot. Mayor Ed Murray has addressed the gathering, as has City Attorney Pete Holmes, a sponsor of Washington's legal pot law.

  • SEATTLE _ Cascadian Therapeutics Inc. on Tuesday reported a loss of $14.7 million in its second quarter. On a per-share basis, the Seattle- based company said it had a loss of 30 cents. Keywords: Cascadian Therapeutics, Earnings Report.

  • SEATTLE _ Omeros Corporation on Tuesday reported a loss of $14.4 million in its second quarter. The Seattle- based company said it had a loss of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SEATTLE _ NanoString Technologies Inc. on Tuesday reported a loss of $4.6 million in its second quarter. NanoString expects a full-year loss of $2.20 to $2.03 per share, with revenue in the range of $114 million to $118 million. NanoString shares have fallen 31 percent since the beginning of the year.

  • SEATTLE _ Zillow Group Inc. on Tuesday reported a loss of $21.8 million in its second quarter. Five analysts surveyed by Zacks expected $265 million. For the current quarter ending in October, Zillow said it expects revenue in the range of $273 million to $278 million.

  • SEATTLE _ Expeditors International of Washington Inc. on Tuesday reported second-quarter net income of $108.9 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share. Four analysts surveyed by Zacks expected $1.63 billion.

  • 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...