Business

Business news and features from the Puget Sound region. Stay up-to-date with the latest business news and more.

Nike co-founder Phil Knight made his largest ever donation to an Oregon political race this week. The recipient is Republican candidate for governor Knute Buehler.

Under Armour founder and CEO Kevin Plank set off a social media firestorm last February when he voiced some overly positive words about the new administration of President Trump.

"To have such a pro-business president is something that's a real asset for this country. I think people should really grab that opportunity," said Plank, whose company makes sports apparel.

vbloke / Flickr

With less than a week till the much anticipated solar eclipse, some Amazon shoppers are scrambling to find glasses that are certified safe to view the event. The online retailer recently emailed some shoppers to tell them not to use the solar eclipse glasses they purchased on the site from third-party vendors.

The cluster of unmanned aircraft systems companies in the Columbia River Gorge led one online journal to dub the rural region east of Portland, "Dronetown, USA."

Ralph Radford / AP Photo

Jeff Brotman, one of the co-founders of Issaquah-based Costco Wholesale Corporation and chairman of the board, died Tuesday at age 74. In addition to starting one of the most successful retail chains in the country, Brotman will be remembered for his philanthropy.

Coming Soon To Eastern Washington: Tree-Free Paper Pulp

Jul 31, 2017

A company in eastern Washington is developing a new way to make paper pulp without trees. The mill will instead use a source abundant to the area: straw.

Outdoor recreation generates more than $3 billion in state and local tax revenue in the Northwest. That’s according to a report out this week from the Outdoor Industry Association.




Alaska Airlines is still ironing out operational wrinkles following the acquisition of Virgin America last year. At the same time, its smaller, regional airline is still grappling with a pilot shortage.

The statewide unemployment rate for Washington is holding at its record low in the latest jobs report out Wednesday. The state's Employment Security Department pegged the jobless rate in June at 4.5 percent, the same as in May.


State legislatures and city halls are battling over who gets to set the minimum wage, and increasingly, the states are winning.

After dozens of city and county governments voted to raise their local minimum wage ordinances in the last several years, states have been responding by passing laws requiring cities to abide by statewide minimums. So far, 27 states have passed such laws.

Workshop Set For Injured Hispanic Workers In Yakima

Jul 14, 2017

An activist plans to hold a workshop in the Yakima Valley Saturday for injured workers who are Hispanic. It’s part of an effort to make sure more Spanish-speaking workers benefit from state services. 

Bellamy Pailthorp / KNKX

Four years of walkouts and labor organizing have paid off for workers at Sakuma Brothers Farms in Skagit Valley. The workers are planning a celebration Tuesday afternoon in Mt. Vernon in recognition of signing their first union contract, something that’s pretty rare in the agriculture industry.

In a move certain to anger Republicans, Washington Gov. Jay Inslee on Friday vetoed a tax break for manufacturers that lawmakers passed last week as part of a budget deal to avoid a July 1 government shutdown.

Monday marked the start of the Northwest’s bin-busting wheat harvest. Last year was big, but this year’s wet winter and spring has poured on the yields.

Online shoppers in Washington state may soon have to pay sales tax on out-of-state e-commerce purchases. Gov. Jay Inslee on Friday is expected to sign a package of tax increases just approved by the state legislature to balance the next two-year budget.

But the internet sales tax seems likely to be challenged in court.

Beginning in 2020, workers in Washington will be eligible for paid family and medical leave through a new state program funded by employee and employer contributions. 



Elaine Thompson / AP

Two recent studies on Seattle's $15 minimum wage law seem to conflict in their preliminary analyses of the effects of the law.

Spirits company Diageo is buying Casamigos, the tequila company co-founded by George Clooney, in a deal that values the company at up to $1 billion. The actor founded the company in 2013 with longtime friend Rande Gerber.

Diageo will make an upfront payment of $700 million for Casamigos, with another $300 million to follow if it hits sales targets.

Casamigos "has delivered impressive growth," Diageo says in a news release, "reaching 120,000 cases in 2016, primarily in the U.S." The company says the tequila brand is expected to top 170,000 cases by the end of this year.

The first day of summer doesn't begin until Wednesday but United Parcel Service already is looking ahead to the colder seasons with plans to charge retailers an extra fee for orders placed around Black Friday and Christmas.

And consumers could end up carrying that extra weight if retailers decide to pass on the cost by raising shipping fees.

Updated at 3:12 p.m. ET

The first sentence of Yahoo's Wikipedia page now reads, "Yahoo! Inc. was an American multinational technology company."

Yahoo's Internet properties officially became Verizon's properties Tuesday, as the telecom giant finalized its $4.5 billion acquisition.

The pirate north of the border has conceded defeat.

After five years of buying Trader Joe's products in the U.S. and selling them at a high markup in Vancouver — and fighting a protracted legal battle to keep doing so — the man behind Pirate Joe's has finally shuttered the secondhand store.

"edge of belltown" by Jeff Wilcox is licensed under CC by 2.0

A person has to make nearly $19 per hour to comfortably rent a one-bedroom apartment in Washington state, according to a new report from a national housing advocacy group.

The National Low Income Housing Coalition's annual Out of Reach report measures housing affordability in terms of how much a person has to make to rent average homes of various sizes.

The report ranks Washington as the 10th most expensive state in the country by that measure. Hawaii was ranked number one.

Amazon is attempting to lure low-income shoppers from Walmart by offering a discount on its pay-by-month Prime membership for people who receive government assistance.

The giant online retailer said in a statement Tuesday that people who have a valid electronic benefits transfer card — used for programs such as the Supplemental Nutrition Assistance Programs, or food stamps — will pay $5.99 per month for a year. Amazon is offering a 30-day free trial for qualifying customers.

And then there were three.

Apple has finally unveiled its answer to Amazon's and Google's smart speakers slash digital assistants — and it's called HomePod.

Bellamy Pailthorp / KNKX

Private bike-share companies are looking to Seattle to see if stationless bike-sharing might be a viable alternative to the defunct Pronto system.

Three companies with bases in the Bay Area -- Bluegogo, LimeBike and Spin -- are talking with city officials to coordinate a Seattle launch. 

Simone Alicea / KNKX

A deal has been reached between the owners, a developer and two nonprofits on a valuable piece of property in Seattle's Central District.

Lake Union Partners has agreed to buy the old Midtown Center property on 23rd Avenue and East Union Street for $23.25 million.

The property is one of the last full blocks of undeveloped land in the city and lies at the historical heart of Seattle's black community.

Courtesy of Catherine DeBruin

For decades, Canadian shoppers have walked back and forth across the U.S.-Canada border into Sumas, Wash. to shop at a family-owned grocery store called Bromley’s Market

After 57 years, the store is closing its doors for the last time today.

 

Catherine DeBruin, is the front-end supervisor at Bromley’s Market. Her grandparents bought the store in 1960 and she grew up in the family business.  

Updated at 10:30 a.m. ET

Ford Motor Co. announced Monday that it has replaced President and Chief Executive Officer Mark Fields, who is retiring after nearly 30 years with the automaker.

Washington politics spilled over into the financial markets Wednesday, as the week's turmoil — including questions over what President Trump said to former FBI Director James Comey before firing him — has put the administration's pro-business legislative agenda in question, most notably the president's proposed tax cuts.

Another day and another conflict with airline employees goes viral.

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