Business | page 12


TUESDAY, JAN. 31, 2017

TUESDAY, JAN. 31, 2017, 11:41 A.M.

Weak quarterly reports push stocks lower for a second day

U.S. stocks are falling Tuesday following weak fourth-quarter results from companies including UPS and Under Armour. Industrial and financial companies are down the most as investors move money into bonds and stocks that pay large dividends, like utilities. The Standard & Poor’s 500 index is on track for its fourth consecutive loss.

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FILE - In this July 13, 2008, file photo, shows the Freddie Mac headquarters in McLean, Va. On Jan. 5, 2017, mortgage buyer Freddie Mac says the rate on 30-year fixed-rate loans declined to an average 4.20 percent from 4.32 percent last week. 

(AP Photo/Pablo Martinez Monsivais, File) ORG XMIT: NYSH402 (Pablo Martinez Monsivais / AP)

UPDATED: TUESDAY, JAN. 31, 2017, 4:32 P.M.

Fannie Mae-Freddie Mac should be utilities, trade group says

A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining a proposal Tuesday to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.

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TUESDAY, JAN. 31, 2017, 11:38 A.M.

Hearing for labor secretary nominee postponed

The confirmation hearing for President Donald Trump’s choice to head the Labor Department has again been postponed. A spokeswoman for the Senate panel that had been set to hold Andrew Puzder’s hearing Feb. 7 said the fast food CEO’s financial ...

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UPDATED: TUESDAY, JAN. 31, 2017, 4:26 P.M.

UW expands CoMotion collaborative innovation hub to Spokane

The University of Washington is bringing CoMotion, its collaborative innovation hub, to Spokane to support startups and aspiring entrepreneurs. CoMotion Labs @ Spokane will “connect the region’s vibrant startup community more fully with western Washington’s” and likely will focus on ...

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MONDAY, JAN. 30, 2017

Starbucks CEO Howard Schultz, pictured in December, told employees “we will neither stand by, nor stand silent, as the uncertainty around the new administration’s actions grows with each passing day.” (Richard Drew / Associated Press)

MONDAY, JAN. 30, 2017, 6:24 P.M.

Taking aim at Trump policies, Starbucks CEO vows to hire 10,000 refugees over five years

Starbucks CEO Howard Schultz added a coffee magnate’s voice to the chorus of tech industry executives who spoke out over the weekend against President Donald Trump’s travel ban order, announcing plans for the coffee behemoth to hire 10,000 refugees over five years in 75 countries, initially focusing on those who served as interpreters or as support personnel for U.S. military.

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MONDAY, JAN. 30, 2017, 11:36 A.M.

Trump signs measure easing regulations for small businesses

President Donald Trump has signed an executive action aimed at cutting regulations, and said at a White House breakfast he wanted to “create an environment for small business.” The executive action requires government agencies requesting a new regulation to identify ...

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Parting Shot — 2.20.17

People participate in a protest Monday in Portland, Ore. Thousands of demonstrators turned out Monday across the U.S. to challenge President Donald Trump in a Presidents Day protest dubbed Not ...