business and finance Tech giants are profiting — and getting more powerful — even as the global economy tanks By www.seattletimes.com Published On :: Mon, 27 Apr 2020 21:02:15 -0700 As the pandemic wreaks havoc on the economy, tech giants Facebook, Amazon, Apple and Microsoft are benefiting enormously from a potentially permanent shift in consumer habits, leveraging their political clout by arguing that they are essential services, and gutting their competition. Full Article Amazon Business Microsoft Nation & World Technology
business and finance Microsoft weathers the coronavirus storm as earnings rise on cloud business By www.seattletimes.com Published On :: Wed, 29 Apr 2020 13:40:17 -0700 Analysts expected as much, and that's one reason Microsoft's stock is closing in on the all-time high it hit in early February. Full Article Business Local Business Microsoft Technology
business and finance Microsoft is in talks to buy startup Softomotive By www.seattletimes.com Published On :: Fri, 01 May 2020 12:19:16 -0700 Softomotive specializes in robot process automation technology, or software that helps companies save time and money by automating repetitive, manual tasks such as entering data into spreadsheets. Full Article Business Microsoft Technology
business and finance Microsoft to pitch new Xbox game console with monthly showcases By www.seattletimes.com Published On :: Tue, 05 May 2020 10:32:15 -0700 Microsoft, gearing up for its biggest-ever year of launches for Xbox products and services in the middle of a global pandemic and economic recession, will replace its plan for a splashy public game-conference event with a monthly series of online showcases. Full Article Business Microsoft Video Games
business and finance Seattle demonstrators adjust to coronavirus pandemic, swap May Day marches for car caravans By www.seattletimes.com Published On :: Fri, 01 May 2020 18:53:27 -0700 As usual, May Day demonstrators took to the streets on Friday. Only this time, they drove in cars and practiced safe distancing while pushing for immigrant and workers' rights as well as a proposed tax on large corporations. Full Article Health Local Business Local News Local Politics Northwest
business and finance Many businesses may follow Amazon in stretching out work-from-home policies, crimping downtown recovery By www.seattletimes.com Published On :: Fri, 01 May 2020 20:25:21 -0700 Business and government insiders say other companies and organizations are contemplating similarly extended time frames as they consider the new realities of the workplace in the COVID-19 era. Full Article Amazon Business Economy Local Business
business and finance Pike Place Market mentors advise crafters on staying afloat during coronavirus shutdown By www.seattletimes.com Published On :: Sun, 03 May 2020 06:00:52 -0700 When the crafts market at Pike Place Market was forced to temporarily shut down, vendors are turning to online sales and getting help in doing that from their fellow workers. Full Article Business Fashion Health Life Local Business Local News Retail
business and finance Washington businesses filed 14,000 pleas to reopen soon after coronavirus shutdown order By www.seattletimes.com Published On :: Sun, 03 May 2020 06:01:09 -0700 Many disputed the distinction between essential and nonessential businesses. Full Article Business Local Business
business and finance How payroll-protection loans discriminate against some businesses hurt by coronavirus By www.seattletimes.com Published On :: Mon, 04 May 2020 06:00:47 -0700 Businesses owned by people of color, women and those in rural areas have always been at the back of the line when it comes to bank loans. The PPP bailout — administered by banks — perpetuates that inequity, writes columnist Naomi Ishisaka. Full Article Local Business Local News Northwest
business and finance You can still get Pike Place Market flowers for Mother’s Day, thanks to the Drive-Thru Flower Festival By www.seattletimes.com Published On :: Mon, 04 May 2020 13:39:23 -0700 Twenty of the farmers who sell at Pike Place Market are participating in Saturday's event, with pickup sites in Seattle and Renton. Full Article Agriculture Business Garden Life Local Business Local News
business and finance Coronavirus Economy daily chart: Health sectors register most first-time unemployment claims By www.seattletimes.com Published On :: Tue, 05 May 2020 06:01:50 -0700 This series of charts provides weekly data on how the Seattle-area economy is doing during the coronavirus crisis. Full Article Business Economy Local Business
business and finance Unofficial numbers show $7 billion hit to Washington state revenue through 2023 from coronavirus downturn By www.seattletimes.com Published On :: Tue, 05 May 2020 14:50:22 -0700 In the unofficial forecast numbers, Washington would lose $3.8 billion in revenue this current budget cycle. An additional $3.27 billion would be sheared off the 2021-23 budget cycle. Full Article Business Economy Local Business Local News Local Politics Markets
business and finance Lawmakers, machinists union urge Alcoa, Trump to find a way to avoid closing Ferndale aluminum plant By www.seattletimes.com Published On :: Wed, 06 May 2020 16:56:54 -0700 The Pittsburgh company plans to close its Ferndale aluminum smelter by July, throwing 700 people out of work. Full Article Business Local Business
business and finance Mask or no mask? New social tension splits Seattle-area residents in coronavirus era By www.seattletimes.com Published On :: Thu, 07 May 2020 06:00:32 -0700 Since health officials began recommending (but not requiring) that everyone cover their faces in public to reduce the spread of the coronavirus that causes COVID-19, a new divide has emerged over who wears a mask and who doesn't. Full Article Business Health Life Lifestyle Local Business Local News Local Politics Nation Northwest Puget Sound Retail
business and finance When coronavirus dealt Seattle record stores their latest blow, Easy Street Records got creative By www.seattletimes.com Published On :: Thu, 07 May 2020 06:00:56 -0700 The COVID-19 pandemic is the latest challenge for Seattle’s independent record stores like Easy Street, but these titans of vinyl continue to rise to the occasion. Full Article Business Entertainment Local Business Music
business and finance Washington adds just over 100,000 unemployment claims, but layoffs might be peaking By www.seattletimes.com Published On :: Thu, 07 May 2020 06:53:42 -0700 For the week ending May 2, the state received 109,167 initial claims for unemployment insurance, down almost 22% from the prior week, according to U.S. Labor Department figures released Thursday morning. Full Article Business Data Economy Local Business Local News Nation Northwest
business and finance Oregon Gov. Kate Brown presents plan to reopen amid coronavirus By www.seattletimes.com Published On :: Thu, 07 May 2020 11:02:12 -0700 Brown said that on May 15 she will loosen restrictions statewide on day cares and on retail shops that were previously closed, including furniture stores, boutiques, jewelry stores and art galleries. Full Article Health Local Business Local News Local Politics Nation & World Northwest
business and finance 2% of Puget Sound households received grocery delivery last year, before coronavirus changed shopping By www.seattletimes.com Published On :: Thu, 07 May 2020 15:22:58 -0700 The most popular online grocery category was packaged foods such as breakfast cereal and pasta; followed by toiletries, personal care products and diapers; household cleaners and paper products; and frozen food. Full Article Amazon Business Local Business Retail
business and finance Feds will send $50 million in coronavirus relief to Washington seafood firms, fishermen, tribes, charter boat operators By www.seattletimes.com Published On :: Thu, 07 May 2020 16:43:02 -0700 Both Washington and Alaska will benefit from money carved out of the massive federal economic stimulus package known as the CARES ACT that is intended to assist in both direct and indirect fishery-related losses. Full Article Business Local Business Northwest
business and finance Supermarket chains begin terminating ‘hero’ pay to workers as coronavirus pandemic continues By www.seattletimes.com Published On :: Fri, 08 May 2020 10:19:06 -0700 Kroger-owned QFC and Fred Meyer will discontinue their $2-an-hour "Hero Bonus'' premiums paid to workers during the coronavirus pandemic. Ohio-based Kroger has set May 16 as the program's final date while other large grocery retailers ponder the future of similar bonuses. Full Article Business Local Business Retail
business and finance TSA employees at Sea-Tac, other airports must now wear masks to slow spread of coronavirus By www.seattletimes.com Published On :: Fri, 08 May 2020 15:42:36 -0700 Five TSA employees nationwide have died of COVID-19, and 516 employees have tested positive, including seven at Seattle-Tacoma International Airport. Full Article Health Local Business Local News Nation Northwest Travel
business and finance Fraudsters are faking Washington unemployment claims amid coronavirus joblessness surge By www.seattletimes.com Published On :: Fri, 08 May 2020 17:25:59 -0700 As Washington grapples with a tsunami of legitimate unemployment claims — more than 100,000 last week — the state also is seeing a rise in attempts by fraudsters to siphon off a portion of the benefits. Full Article Business Eastside Economy Local Business Local News Local Politics
business and finance Pike Place Market’s Hmong flower farmers adapt during the coronavirus pandemic By www.seattletimes.com Published On :: Sat, 09 May 2020 06:00:47 -0700 “My parents have been through worse,” one farmer said. “We'll get through this.” Full Article Agriculture Eastside Local Business Local News
business and finance Small businesses band together to sue insurers over coronavirus damage By www.seattletimes.com Published On :: Sat, 09 May 2020 06:01:35 -0700 In many cases, the response from insurers has been: We don't cover viruses. Full Article Business Economy Local Business Local News
business and finance Boeing workers’ return after coronavirus closure is a test case for industrial recovery By www.seattletimes.com Published On :: Wed, 22 Apr 2020 20:19:40 -0700 The initial days of the Boeing experiment as 27,000 workers are asked to return won't be easy to assess, because a significant number of employees chose to stay home this week. Full Article Boeing & Aerospace Business Economy
business and finance Sea-Tac’s $192M in federal coronavirus relief won’t be enough to cover losses, officials say By www.seattletimes.com Published On :: Thu, 23 Apr 2020 14:15:40 -0700 Plummeting passenger traffic and flight cancellations will cost Seattle-Tacoma International Airport an estimated $251 million by the end of 2020. Full Article Boeing & Aerospace Business Local News
business and finance As Boeing goes back to work, employees who got sick earlier are confirmed coronavirus cases By www.seattletimes.com Published On :: Thu, 23 Apr 2020 20:00:16 -0700 Confirmed positive coronavirus tests were reported for two Boeing Everett employees on Tuesday — the day employees returned to work at the factory. This raised fears and rumors among the workforce. However, the two had become ill in mid-March. Full Article Boeing & Aerospace Business
business and finance With few passengers, Delta gets FAA approval to carry cargo in cabin By www.seattletimes.com Published On :: Fri, 24 Apr 2020 10:59:17 -0700 ATLANTA — Delta Air Lines says it is the first U.S. carrier to get federal clearance to carry cargo in its overhead bins, as it repurposes passenger planes amid a steep decline in travel due to the coronavirus pandemic. Atlanta-based Delta said it has received Federal Aviation Administration approval to use the overhead bin space […] Full Article Boeing & Aerospace Business
business and finance Port of Seattle set to meet emissions reduction target 10 years early By www.seattletimes.com Published On :: Sat, 25 Apr 2020 06:00:19 -0700 The new measures, though, won't affect Seattle-Tacoma International Airport's growing emissions from air traffic or ground transportation — the bulk of the Port's carbon footprint. Full Article Boeing & Aerospace Business Environment Local News
business and finance Boeing kills its $4.2 billion purchase of Embraer as coronavirus roils the aviation industry By www.seattletimes.com Published On :: Sat, 25 Apr 2020 07:30:57 -0700 Boeing terminated its proposed $4.2 billion deal to acquire the commercial jet business of Brazil's Embraer. The smaller company responded with a scathing declaration that Boeing "has manufactured false claims as a pretext to seek to avoid its commitments." Full Article Boeing & Aerospace Business
business and finance Boeing tells workers terms of voluntary layoffs, says air travel recovery will take years By www.seattletimes.com Published On :: Mon, 27 Apr 2020 08:29:10 -0700 CEO Dave Calhoun tells shareholders that when the market for jets does revive, "our customers' needs will be different." Boeing also told U.S. employees Monday what it is offering in the first wave of voluntary job cuts. Full Article Boeing & Aerospace Business
business and finance Southwest posts 1st quarterly loss in almost a decade By www.seattletimes.com Published On :: Tue, 28 Apr 2020 03:46:12 -0700 DALLAS (AP) — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up. The airline said trip cancellations have pulled back from a peak in March but remain at levels that Southwest has never […] Full Article Boeing & Aerospace Business Markets
business and finance Trump says he won’t extend social distancing guidelines By www.seattletimes.com Published On :: Tue, 28 Apr 2020 21:25:14 -0700 WASHINGTON (AP) — President Donald Trump said Wednesday the federal government will not be extending its coronavirus social distancing guidelines once they expire Thursday, and his son-in-law and adviser, Jared Kushner, predicted that by July the country will be “really rocking again.” To underscore his confidence, Trump said he plans to resume out-of-state travel after […] Full Article Boeing & Aerospace Business Nation Nation & World Nation & World Politics Travel
business and finance Boeing will cut more than 15% of jobs in commercial jet division, CEO Calhoun says By www.seattletimes.com Published On :: Wed, 29 Apr 2020 04:47:56 -0700 Boeing will trim its total workforce by 10% to cope with the sharp aviation downturn that pushed it to a $641 million first-quarter loss. Full Article Boeing & Aerospace Business Local News Nation Nation & World
business and finance Airbus burns through $8.7 billion, warns of ‘gravest’ crisis By www.seattletimes.com Published On :: Wed, 29 Apr 2020 05:52:24 -0700 Airbus is battling to adapt to collapsing demand as the pandemic wipes out new aircraft sales and threatens existing orders as airlines run short of money. Full Article Boeing & Aerospace Business
business and finance Bezos, Musk win contracts for spacecraft to land NASA astronauts on moon By www.seattletimes.com Published On :: Thu, 30 Apr 2020 10:12:24 -0700 Boeing, typically among NASA's key contractors but whose space program has experienced setbacks and delays, submitted a bid but was not selected. Full Article Boeing & Aerospace Local Business Nation Nation & World
business and finance Boeing rules out federal aid after raising $25 billion of bonds By www.seattletimes.com Published On :: Thu, 30 Apr 2020 19:35:27 -0700 The planemaker won't seek additional funding through the capital markets or U.S. government aid at this time, according to a company statement late Thursday after the debt sale. Full Article Boeing & Aerospace Business Markets
business and finance Boeing’s company debt now larger than New Zealand’s after huge bond sale By www.seattletimes.com Published On :: Fri, 01 May 2020 02:38:32 -0700 Boeing has raised $25 billion in a massive debt sale, allowing it to avoid tapping a $17 billion coronavirus bailout fund meant to shore up businesses critical to national security. Full Article Boeing & Aerospace Business
business and finance Alaska Airlines to require passengers to wear masks By www.seattletimes.com Published On :: Fri, 01 May 2020 08:10:05 -0700 Alaska Airlines joins several other major airlines launching mask requirements for passengers. Full Article Boeing & Aerospace Local News Northwest
business and finance Boeing’s ‘monster’ debt offering is a double-edged sword By www.seattletimes.com Published On :: Fri, 01 May 2020 13:52:59 -0700 Vertical Research Partners analyst Rob Stallard captioned sections of his report “the good," "the bad" and "the ugly.” Full Article Boeing & Aerospace Business
business and finance FAA nixes proposal to temporarily close Paine Field passenger terminal By www.seattletimes.com Published On :: Fri, 01 May 2020 14:08:19 -0700 The company sent an email inquiry to the Federal Aviation Administration on Thursday about shutting the terminal down, given the minimal passenger traffic amid the ongoing coronavirus pandemic. Full Article Boeing & Aerospace Business
business and finance GE to slash 13,000 jobs in aviation amid air travel plunge By www.seattletimes.com Published On :: Mon, 04 May 2020 08:36:23 -0700 For GE, the stress on a key business threatens a broader turnaround effort as CEO Larry Culp attempts to pull the company from one of the deepest slumps in its history. Full Article Boeing & Aerospace Business
business and finance Seattle Times wins Pulitzer Prize for Boeing 737 MAX coverage By www.seattletimes.com Published On :: Mon, 04 May 2020 13:22:31 -0700 The Seattle Times has been awarded a 2020 Pulitzer Prize for National Reporting for its yearlong coverage of the two deadly crashes of Boeing’s 737 MAX jet. This is the newspaper's 11th Pulitzer Prize. Full Article Boeing & Aerospace Inside the Times
business and finance Cash crunch from coronavirus crisis will force Alaska Air to shrink By www.seattletimes.com Published On :: Tue, 05 May 2020 08:49:24 -0700 The company's cash burn rate peaked at $400 million for the month of March. Management hopes to reduce the cash burn rate to zero by year end and will make whatever cuts are necessary to do so. Full Article Boeing & Aerospace Business Markets
business and finance How major US stock indexes fared Friday By www.seattletimes.com Published On :: Fri, 08 May 2020 14:01:28 -0700 Stocks closed with broad gains Friday, brushing off a record-breaking report of job losses, as investors reckoned that the very worst of the economic pain caused by the coronavirus pandemic may be passing. Employers cut 20.5 million jobs last month, a record high but less than what the market expected. Technology and financial stocks were […] Full Article Business
business and finance 10 takeaways from the worst jobs report in US history By www.seattletimes.com Published On :: Fri, 08 May 2020 14:10:03 -0700 BALTIMORE (AP) — Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S. economy. Most obviously, there’s the 14.7% unemployment rate, the highest since the Great Depression. And the shedding of more than 20 million jobs, by far the worst one-month […] Full Article Business Nation
business and finance Trump says ‘no rush’ on more aid as jobless crisis grows By www.seattletimes.com Published On :: Fri, 08 May 2020 14:48:02 -0700 WASHINGTON (AP) — President Donald Trump says he’s in “no rush” to negotiate another financial rescue bill, even as the government reported that more than 20 million Americans lost their jobs last month due to economic upheaval caused by the coronavirus. The president’s low-key approach came Friday as the Labor Department reported the highest unemployment […] Full Article Business
business and finance Inslee: Retail stores can do curbside pickup, 5 counties on faster track to reopen amid coronavirus By www.seattletimes.com Published On :: Fri, 08 May 2020 14:57:54 -0700 Phase two is expected to begin for most areas on June 1, provided public-health data still looks favorable. Full Article Business Health Local News Local Politics
business and finance House Democrats ask 5 companies to return coronavirus aid By www.seattletimes.com Published On :: Fri, 08 May 2020 15:30:43 -0700 WASHINGTON (AP) — A Democratic-led subcommittee overseeing federal coronavirus aid is demanding that five companies return loans the panel says should have gone to smaller businesses. The subcommittee led by Rep. James Clyburn, D-S.C., sent letters Friday to the companies as its first official action. The House voted last month to create the panel over […] Full Article Business
business and finance Some people miss travel so much they’re ordering airplane food delivered to their homes By www.seattletimes.com Published On :: Fri, 08 May 2020 15:42:15 -0700 In addition to selling some of their excess, airlines have put donation programs in place. Full Article Business Oddities