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Top News & Analysis Seattle

  • Seattle

    Seattle passed a new income tax on households earning more than $500,000, prompting the state's Republicans to revolt.

  • NEW YORK— Amazon is already a huge part of many people's lives. "It kind of feels like they're taking over so much commerce in our life," said Erica McGivern, a Whole Foods and Amazon customer who lives in Seattle, where Amazon is headquartered. The acquisition could easily hurt both Amazon's existing rivals and future startups that might one day challenge it.

  • Washington GOP Chair: Seattle tax is a farce

    Washington State Republican Chair Susan Hutchison explains why her party is asking wealthy Seattle residents not to comply with the city's new tax on high incomes.

  • Washington State GOP urges 'civil disobedience' over Seattle tax

    CNBC's Robert Frank reports the fallout from wealthy residents in Seattle over a tax hike for high-income households.

  • Rich shouldn't pay their taxes, Washington state GOP says

    Seattle plans to impose a 2.25 percent tax on income above $250,000 for individuals and above $500,000 for couples.

  • Washington state’s GOP leaders say the rich shouldn’t pay taxes

    Last week, Seattle's city council passed a 2.25 percent tax on income above $250,000 for individual filers and income over $500,000 for couples.

  • SANTA FE, N.M.— It's 2007, and Steve Jobs has just finished launching the first iPhone before an enraptured audience when he nearly collapses, exhausted by the illness that will kill him four years later. At this moment in Mason Bates' opera "The (R) evolution of Steve Jobs," a harrowing sound emerges from the orchestra pit, a crushing downward progression that's...

  • NEW YORK— Sabbaticals, massages, or a home maid service? The hundred staffers at marketing firm Velvet Media can periodically spend a month working at any of its offices— Denver, Tokyo, Bangkok or Venice, Italy— with the company paying their expenses, co-CEO Daniele Gatti says. "We extend work into employees' lives," says Neil Vaswani, CEO of Corestream, a benefits...

  • July 18- Safeway Inc has agreed to pay $3 million to resolve claims the U.S. supermarket chain failed to promptly report missing or stolen drugs including opioid medications at its pharmacies, the U.S. Justice Department said on Tuesday. Albertsons, one of the largest U.S. grocery chains, is backed by private equity firm Cerberus Capital Management LP.

  • NEW YORK— Amazon has begun selling ready-to-cook meal packages for busy households in a bid to expand its groceries business. Amazon- branded meal kits come with raw ingredients needed to prepare such meals as chicken tikka masala and falafel patties. The development comes as Amazon is also buying the organic grocer Whole Foods for $13.7 billion, a deal that...

  • Ofo bicycles sit parked on a sidewalk in Shanghai, China.

    In China, investors are committing a lot of capital to bicycles. And the Chinese bike start-ups are moving into the U.S. market.

  • SEATTLE _ Washington Federal Inc. on Tuesday reported fiscal third-quarter net income of $44.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Washington Federal shares have decreased almost 4 percent since the beginning of the year.

  • GENEVA, July 17- The European Union and Britain plan to put forward a joint proposal for reform of the terms of their World Trade Organization membership in September or October, an EU source said on Monday, as London negotiates to leave the EU. The joint approach would address aspects of the EU's WTO membership terms, known as its WTO "schedules", that are not easily...

  • SAN FRANCISCO, July 12- Kristina Bergman made an unusual decision when she founded Integris Software in early 2016: she included an anti-sexual harassment clause firmly in her company's voting agreement with investors. Sexual harassment by startup investors is in the spotlight in Silicon Valley after revelations of sexual misconduct led to the...

  • SAN FRANCISCO, July 12- Kristina Bergman made an unusual decision when she founded Integris Software in early 2016: she included an anti-sexual harassment clause firmly in her company's voting agreement with investors. Sexual harassment by startup investors is in the spotlight in Silicon Valley after revelations of sexual misconduct led to the...

  • Top States: Who’s at the bottom

    Scott Cohn runs through the bottom states for business, according to this year’s Top States study.

  • Seattle lawmakers pass tax on highest earners; mayor eager to be sued

    The proposal has become a rallying cry for Democrats and activists in the liberal-leaning city to advance long sought-after local policies.

  • Jack Ma

    While Prime Day is big for Amazon, Alibaba's Singles Day in China dwarfs it in every way.

  • June 30- The Minneapolis City Council approved a measure on Friday requiring large companies to pay workers least at $15 an hour by 2022, following moves by other liberal-leaning U.S. cities to raise the minimum wage. The pay hike will be phased in citywide by 2024 and makes Minneapolis the first city in the Midwest to set a timetable for a $15 minimum wage.

  • June 30- The Minneapolis city council approved a measure on Friday requiring large companies to pay workers least at $15 an hour by 2022, a 58 percent increase, joining a trend by liberal-leaning cities across the country to boost living standards for low wage earners. The measure, approved by a vote of 11 to 1, will extend the required $15 minimum to smaller...