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Saturday, February 23, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: national-business

UPDATED: Fri., Nov. 2, 2018, 5:16 p.m.

Apple’s 4Q, change in iPhone sales disclosure jar investors

Apple’s faithful customers aren’t snapping up iPhones quite as enthusiastically as anticipated heading into the crucial holiday shopping season.

UPDATED: Fri., Nov. 2, 2018, 4:24 p.m.

New Toys R Us owners mull physical stores next year

The hedge funds that now own the Toys R Us brand plan to relaunch the toy retailer as a standalone operation next year, according to people familiar with the matter.

UPDATED: Thu., Nov. 1, 2018, 4:05 p.m.

Google employees walk out to protest treatment of women

Carrying signs with messages such as “Don’t be evil,” several hundred Google employees around the world briefly walked off the job Thursday in a protest against what they said is …

UPDATED: Thu., Nov. 1, 2018, 1:56 p.m.

U.S. construction spending flat in September

Spending on U.S. construction projects was essentially unchanged in September, the weakest showing since June, as an increase in home construction was offset by a slide in spending on government …

Rising prices, margins drive GM’s third quarter

Shares of General Motors rose more than 6 percent Wednesday morning after the company posted a $2.5 billion third-quarter profit that blew away Wall Street estimates.

Ben & Jerry’s new anti-Trump joke reveals America’s deep divide – over pecans

Ben & Jerry’s has a new flavor of ice cream, “Pecan Resist,” that calls on people to resist the Trump administration. The campaign has caused controversy, not just for its …

UPDATED: Mon., Oct. 29, 2018, 4:56 p.m.

Google to give away $25 million to fund humane AI projects

Google will give away $25 million to projects that propose ways to use the artificial intelligence of computers to help create a more humane society.

UPDATED: Mon., Oct. 29, 2018, 3:04 p.m.

Blind customers sue Walmart, saying self-serve checkouts violate ADA

Three blind Maryland residents and the National Federation of the Blind have sued Walmart, alleging the company violates the Americans with Disabilities Act because its self-checkout kiosks are not fully …

IBM pursues Amazon into cloud with $33 billion Red Hat takeover

IBM’s $33 billion purchase of Red Hat – the world’s second-largest technology deal ever – is aimed at catapulting the company into the ranks of the top cloud software competitors. …

Walmart’s warehouse chain tries to get high-tech with test store

Warehouse clubs, purveyors of off-price denim and massive tubs of mayonnaise, aren’t usually on the cutting edge of retail. Walmart’s Sam’s Club wants to prove otherwise.

UPDATED: Mon., Oct. 29, 2018, 4:23 p.m.

Space industry scrambles for workers, but can’t hire foreigners

Since the International Traffic in Arms Regulation was enacted in 1976, classifying spacecraft and rockets as military technology, international students have been unable to get jobs in the field. Only …

Elon Musk: Tweet that cost $20 million was ‘worth it’

Elon Musk, Tesla’s chief executive and author of one of the world’s most expensive weed jokes, has said a tweet that got him sued by the Securities and Exchange Commission …

IBM set to acquire North Carolina-based Red Hat in $34B deal

IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant’s chief executive says will advance …

UPDATED: Sun., Oct. 28, 2018, 9:22 p.m.

U.S. shoppers may pay a high price for America’s reliance on China’s products

U.S. companies are scrambling to line up factories and suppliers outside of China as the trade war hikes the cost of importing everything from furniture to toilet paper. But for …

UPDATED: Sun., Oct. 28, 2018, 9:53 p.m.

Warby Parker is coming to a suburban mall near you

Stiffening competition, surging online advertising costs and cheap mall space have prompted so-called digital natives like Warby Parker, Bonobos and Casper to embrace what they call “offline” in a big …

Commentary: Netflix’s firing culture works for Netflix

Do you know the story of Patty McCord, Netflix’s original human relations chief? It’s legendary, and worth recounting in the wake of Thursday’s Wall Street Journal story on the company’s …

Alaska Air’s quarterly profit falls but management insists better results lie ahead

Alaska Air Group’s third-quarter profit dropped 16 percent compared to a year ago as the cost of fuel rose sharply and employee-wage increases kicked in while fares remained low.

Buckle up: Wall Street volatility is back with a vengeance

If you’re an investor who was lulled to sleep by the stock market’s calm, steady gains this summer, you’re wide awake by now.

UPDATED: Thu., Oct. 25, 2018, 4:09 p.m.

Megyn Kelly absent from show following blackface comments

Megyn Kelly was absent from her NBC News morning show on Thursday following this week’s controversy over her comments about blackface, amid indications that her time at the network could …

U.S. durable goods orders edged up modest 0.8 percent

Orders to U.S. factories for big-ticket manufactured goods slowed significantly in September, while a key category that tracks business investment fell for a second straight month.

High fuel costs cut sharply into American Airlines profit

Higher fuel costs slashed third-quarter profit at American Airlines by nearly half, and the company said it will respond by growing more slowly and cutting unprofitable flights.

New York sues ExxonMobil, accusing it of deceiving investors about climate change risks

New York Attorney General Barbara Underwood sued ExxonMobil on Wednesday, accusing the oil giant of defrauding investors about the financial risks of climate change and lying about how it was …

Campbell executive who touted migrant conspiracy is departing

The Campbell Soup Co. executive who came under fire after spreading a conspiracy theory about investor George Soros on Twitter had previously been planning to leave the company and will …

Boeing tops all expectations on strong defense spending

Boeing breezed past almost all expectations for the third quarter and raised its outlook for the year on burgeoning defense spending.

UPDATED: Thu., Oct. 25, 2018, 2:21 p.m.

Walmart makes improvements to third-party marketplace

Walmart says it will work with third-party sellers to make millions of items available for free two-day shipping on orders over $35.

MoviePass to be jettisoned by parent company

MoviePass, the struggling discount movie ticket subscription service, is being spun off by the company that owns it.

BMW to recall 1.6 million vehicles worldwide over fire risk

Automaker BMW says it is expanding a recall to cover 1.6 million vehicles worldwide due to possible fluid leaks that could result in a fire.

Desperate & duped? GoFundMe means big bucks for dubious care

People seeking dubious, potentially harmful treatment for cancer and other ailments raised nearly $7 million over two years from crowdfunding sites, a study found.

UPDATED: Mon., Oct. 22, 2018, 4:16 p.m.

Linde, Praxair win U.S. antitrust nod to create gas giant

Linde and Praxair won approval from the U.S. antitrust enforcers for their $46 billion merger, paving the way for the companies’ two-year bid to create the world’s largest supplier of …

HomeStreet: 3Q Earnings Snapshot

HomeStreet Inc. on Monday reported third-quarter net income of $11.8 million. The Seattle-based company said it had profit of 44 cents per share.