Business | page 13

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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MONDAY, JAN. 30, 2017, 10:07 A.M.

Energy, banks stocks lead stocks sharply lower

U.S. stocks are falling Monday morning, following global stock indexes lower, as energy companies and banks take sharp losses. Airlines skidded after President Donald Trump ordered impose a travel ban on seven Muslim-majority countries, which lead to protests and disruption at airports. Basic materials and technology companies also fell, and energy companies declined with oil prices.

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UPDATED: MONDAY, JAN. 30, 2017, 6:14 P.M.

Goldman Sachs breaks with Government Sachs on immigration directive

Goldman Sachs is pushing back against Government Sachs. In a sharply worded message to staff, Lloyd Blankfein, the bank’s long-time head, broke with the Trump administration over its controversial attempt to crack down on immigration. The voicemail, sent Sunday to the firm’s 34,400 employees, pits Blankfein against an administration stocked with Goldman Sachs Group veterans, including his former No. 2, Gary Cohn, and key Trump adviser Steven Bannon.

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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.


Do you still have yours?

A friend passed along this nearly pristine little treasure. My favorite entry? It might be the groovy full-page ad for Up With People on page 63.

Parting Shot — 4.22.17

Scenic artists Rick Roberts, right, and Dena D'angelo of Local 800 move Oscar statues out of the sun on Wednesday in Los Angeles. The 89th Academy Awards will be held ...