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Top News & Analysis Seattle

  • Authorities said Brett Kennedy gave fellow University of Washington alumnus Maziar Rezakhani nonpublic information from Amazon's database, showing that the retailer would lose less money and report higher revenue for the first quarter of 2015 than Wall Street expected, in exchange for $10,000 cash. In a related civil case, the U.S. Securities and Exchange...

  • Sept 7- Amazon.com Inc said on Thursday it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer tax cuts and incentives that could bring 50,000 new jobs. The largest e-commerce company said it intended to create "HQ2", a headquarters that would be a "full equal" to its Seattle office, Chief...

  • Sept 7- A week before Hurricane Harvey walloped Houston, workers for Union Pacific Corp began moving rail cars out of the railroad's Englewood switching yard near downtown and brought in enough generators to fill 70 tractor trailers to keep signal systems running. The Englewood yard flood was part of widespread problems caused by catastrophic floods in...

  • The largest e-commerce company said it intended to create "HQ2", a headquarters that would be a "full equal" to its Seattle office, Chief Executive Jeff Bezos said in a statement. Dallas has already contacted Amazon, Mayor Michael Rawlings said, and Kentucky plans to submit a formal bid. Houston is interested and Chicago Mayor Rahm Emanuel has made a case for his city...

  • Job seekers line up to apply during "Amazon Jobs Day," a job fair being held at 10 fulfillment centers across the United States aimed at filling more than 50,000 jobs, at the Amazon.com Fulfillment Center in Fall River, Massachusetts, August 2, 2017.

    Amazon has yet to confirm a location for its second base, although it said it prefers cities or suburban locations with more than 1 million people.

  • Sept 7- CSX Corp, the No. 3 U.S. railroad, said all shipments scheduled into the greater Miami, Florida area on Thursday through the weekend will experience delays due to Hurricane Irma. CSX also said intermodal traffic destined to Florida East Coast Railway locations will be temporarily discontinued from 5 p.m. local time on Thursday until further notice.

  • Sept 7- A week before Hurricane Harvey walloped Houston, workers for Union Pacific Corp began moving rail cars out of the railroad's Englewood switching yard near downtown and brought in enough generators to fill 70 tractor trailers to keep signal systems running. Union Pacific's challenge is shared by other transport companies like FedEx Corp and Old...

  • Sept 7- Amazon.com Inc said on Thursday it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer incentives and tax cuts that could bring 50,000 new jobs. The largest e-commerce company said it intended to create a headquarters that would be as important as its Seattle base.

  • PROVIDENCE, R.I.— Rhode Island officials plan to throw their hat in the ring for a new Amazon headquarters. Matt Sheaff, of the state's economic development agency CommerceRI, said Thursday that Rhode Island is in a position to make a competitive application and plans to do so. The Seattle- based e-commerce giant says it will spend more than $5 billion to build a...

  • Sept 7- Amazon.com Inc said on Thursday it was searching for a location to build its second headquarters in North America that would cost more than $5 billion and house up to 50,000 staff. The e-commerce company, which is headquartered in Seattle, said it was seeking proposals from local and state government leaders and would select the location next year.

  • Sept 7- Amazon.com Inc said on Thursday it plans to open another headquarters in North America and spend more than $5 billion for its construction and operation. The e-commerce company, currently based in Seattle, said it was yet to zero in on a location, but expects to expand the new headquarters to include up to 50,000 high-paying jobs. Amazon expects the new...

  • Sept 7- Amazon.com Inc said on Thursday it plans to open another headquarters in North America and spend more than $5 billion for its construction and operation. The e-commerce company, currently based in Seattle, said it expects the new headquarters to create up to 50,000 high-paying jobs. Amazon did not disclose the location, but said it was searching.

  • NEW YORK— Amazon, bursting out of its Seattle headquarters, is hunting for a second home. Amazon's announcement highlights how fast the e-commerce giant is expanding, and its need to find fresh talent to fuel that growth. They have a little more than a month to do so through a special website, and Amazon said it will make a decision next year.

  • Sept 6- Orders of the heavy-duty trucks that move America's freight rose 50 percent in August compared to the same period a year ago, fueled by strong freight volumes, according to preliminary figures released on Wednesday by a firm that tracks the sector. "Freight continues to show some impressive growth," said Don Ake, Vice President of Commercial Vehicles at FTR.

  • "The positive stock reaction this morning suggests that expectations had already been reset lower, and that the buy-side was looking for something worse than implied by the slight guidance cut this morning," Credit Suisse analyst Allison Landry wrote in a client note. After various operating problems in July and August, CSX Chief Financial Officer Frank...

  • "The positive stock reaction this morning suggests that expectations had already been reset lower, and that the buy-side was looking for something worse than implied by the slight guidance cut this morning," Credit Suisse analyst Allison Landry wrote in a client note. After various operating problems in July and August, CSX Chief Financial Officer Frank...

  • Sept 6- CSX Corp cut its full-year 2017 earnings per share growth forecast on Wednesday and said its operating ratio, a closely watched performance metric, had worsened, in light of service problems this summer that sparked fierce customer blowback. Shares in the No. 3 U.S. railroad were up more than 3 percent in a sign investors had braced for worse news following...

  • NEW YORK— Amazon has long been blamed for the falling fortunes of department stores. Kohl's said Wednesday that it will open Amazon shops in 10 of its department stores that will sell Amazon Echos, Fire tablets and other gadgets. For Amazon, it gets its devices in front of more people to touch and try them.

  • *Sale canceled due to lack of buyer appetite- source. SYDNEY, Sept 5- Private equity giant Blackstone Group has called off the sale of its A $3.5 billion Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores. With no interest in the entire 10- mall package, the canceled sale is also the...

  • Some freight was starting to move in the Houston area, No. 1 U.S. railroad Union Pacific said, but it is still holding back shipments destined for Brownsville and 36 rail stations in the Beaumont and Orange areas, including Port Arthur, all in Texas. Workers completed repairs on some rail infrastructure to the north and south of Houston, but many routes in southern...