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Friday, February 22, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: national-business

UPDATED: Wed., Feb. 6, 2019, 7:31 p.m.

Apple stores have lost their luster, critics say

Apple is not just a giant of technology, it has also grown into one of the biggest American retailers, with more than 500 stores across five continents. But the shine …

Fisher-Price recalls Power Wheels Barbie Campers

Fisher-Price is voluntarily recalling about 44,000 Children’s Power Wheels Barbie Dream Campers because they can keep running after the foot pedal is released.

UPDATED: Wed., Feb. 6, 2019, 6:35 p.m.

Financial watchdog proposes rollback of payday lending rules

The nation’s federal financial watchdog said Wednesday that it plans to roll back most of its consumer protections governing payday lenders.

U.S. service firms grew at slower pace in January

U.S. service companies grew in January at the slowest pace in six months, amid concern over the impact of the partial government shutdown on the economy.

UPDATED: Tue., Feb. 5, 2019, 5:52 p.m.

Window, door maker Jeld-Wen announces plans to close Yakima plant; 180 jobs affected

Window and door manufacturer Jeld-Wen will close its Yakima plant in April, a move affecting nearly 180 employees.

UPDATED: Tue., Feb. 5, 2019, 1:51 p.m.

Lunar New Year allows U.S. companies to find prosperity too

As Asian-Americans across the U.S. mark the Lunar New Year on Tuesday, they can celebrate by eating Mickey Mouse-shaped tofu, sporting a pair of Year of the Pig-inspired Nike shoes …

UPDATED: Fri., Feb. 1, 2019, 6:55 p.m.

BP backs shareholder initiative on climate plan disclosure

Energy giant BP plans to release more information about how new energy exploration and production projects would affect its pledge to reduce greenhouse gas emissions, the company said Friday in …

Starbucks faces tricky time as ex-CEO mulls presidential run

For Starbucks, former CEO Howard Schultz is a hero – and a headache.

Outdoor retailers expand political fight with climate push

Two years after jumping into a fight with the Trump administration over public lands, the U.S. outdoor industry is turning up the political pressure – though its impact is difficult …

UPDATED: Thu., Jan. 31, 2019, 8:46 p.m.

How accurate are Zestimates? Zillow awards $1M to trio for improving them

Zillow’s estimate of a home’s value, called the Zestimate, can be powerful: Some homeowners track them like a stock, and when it gets to a certain point, they may decide …

US average mortgage rates edge up; 30-year at 4.46 percent

U.S. long-term mortgage rates edged up after declining in recent weeks.

Foxconn reconsiders plan for Wisconsin manufacturing hub

Foxconn Technology Group said Wednesday it is shifting the focus of its planned Wisconsin campus away from blue-collar manufacturing to a research hub, while insisting it remains committed to creating …

UPDATED: Wed., Jan. 30, 2019, 5:40 p.m.

Record Boeing earnings soar past Wall Street expectations

With Boeing’s jet deliveries climbing ever higher, the company released its 2018 financial results Wednesday, delivering record revenue, record profit and record cash flow for the year that well exceeded …

UPDATED: Mon., Jan. 28, 2019, 4:41 p.m.

Dropbox to acquire e-signature software company HelloSign

Dropbox, a maker of software for syncing and sharing files in the cloud, agreed to acquire HelloSign for $230 million in cash to add tools for digitally signing contracts and …

UPDATED: Mon., Jan. 28, 2019, 4:36 p.m.

Stocks slide as slow growth in China weighs on earnings

Stocks slumped in morning trading on Wall Street after two major U.S. companies warned that slower economic growth in China was hurting their results.

Canada auto workers seek boycott of GM vehicles from Mexico

The Canadian auto workers union is asking people in Canada and the U.S. to boycott General Motors vehicles made in Mexico.

U.S. average mortgage rates steady; 30-year stays at 4.45 pct.

U.S. long-term mortgage rates held steady this week for the second straight week, sticking at their lowest levels in nine months after six weeks of decline.

Apple cuts jobs in shakeup of self-driving car division

Apple jettisons jobs in self-driving car division as company reshuffles its priorities.

UPDATED: Thu., Jan. 24, 2019, 4:19 p.m.

Shutdown pushes aviation system to `tipping point,’ CEOs say

U.S. airline bosses stepped up their criticism of the partial government shutdown, warning that the closing threatens to snarl air travel.

Southwest Airlines announces as much as $15 million loss from government shutdown

Southwest Airlines announced Thursday that the ongoing government shutdown has cost the airline an estimated $10-$15 million in revenue.

UPDATED: Thu., Jan. 24, 2019, 5:33 p.m.

Digital media company BuzzFeed cutting 15 percent of jobs

Digital media company BuzzFeed is cutting 15 percent of its jobs, or about 200 people, to trim costs and become profitable.

Applications for U.S. unemployment aid fall to 49-year low

The number of people seeking jobless benefits dropped last week to the lowest level since November 1969, a sign the job market remains strong despite the partial government shutdown, now …

UPDATED: Wed., Jan. 23, 2019, 6:54 p.m.

Amazon to test delivery robots on Seattle-area sidewalks will use robots to deliver packages in the suburbs north of Seattle, its latest experiment to automate the last-mile of delivery that’s a labor-intensive and costly component of buying …

China probe faults scientist for gene-edited babies work

A Chinese investigation into reports of the world’s first gene-edited babies seems to have confirmed their existence. China’s official news agency said Monday that investigators determined that the scientist acted …

$110,000 Lincoln Continentals sell out in 48 hours; 2020 model planned

Michael Oakley was among hundreds – mostly from New York, Los Angeles and Miami – who swamped Lincoln dealerships with requests as soon as news broke on Dec. 17 of …

France fines Google nearly $57 million for first major violation of new European privacy regime

Google has been fined nearly $57 million by French regulators for violating Europe’s tough new data-privacy rules, marking the first major penalty brought against a U.S. tech giant since the …

UPDATED: Mon., Jan. 21, 2019, 9:11 p.m.

As global recession fears grow, calls escalate for Trump to end shutdown and trade war

Calls are growing louder for President Donald Trump to end the trade war and government shutdown as fresh evidence pours in that businesses and consumers are losing faith in the …

UPDATED: Sun., Jan. 20, 2019, 9:59 p.m.

$1.15 trillion in risky corporate debt echoes subprime mortgage crisis

There is about $1.15 trillion in outstanding U.S. leveraged loans – a record that is double the level five years ago – and those loans increasingly are being made with …

UPDATED: Thu., Jan. 10, 2019, 1:39 p.m.

Eddie Lampert raises offer to keep Sears open to more than $5 billion

Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a $5 billion plan to buy the retailer out of bankruptcy.

Jaguar Land Rover to cut 4,500 jobs, starting in Britain

Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union.