Business

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

It's still unclear whether Verizon will follow through on a $4.8 billion deal to buy Yahoo's core internet business, but if the sale is finalized, there's a name for what will be left behind.

Ford and General Motors both reacted Tuesday to President-elect Donald Trump's continued criticism of U.S. companies manufacturing products in Mexico.

Ford announced it would cancel its $1.6 billion plans to build a plant in San Luis Potosi, Mexico, and instead invest an additional $700 million to expand an existing plant in Michigan to make autonomous and electric vehicles. That comes on the heels of another decision in November to keep production of some small SUVs at its plant in Kentucky.

The Great Recession ended 7 1/2 years ago, and job gains have been steady since, but greater demand for workers is only starting to increase pay.

The increases are still relatively modest, and the data are still mixed. In October, for example, the Labor Department reported average hourly earnings increased at a 2.8 percent rate — the highest since mid-2009, but wage growth slowed in November. A separate report this month showed the cost of labor — another measure of wage growth — increased especially during the spring of this year.

In San Francisco, companies will pay six-figure salaries to entry-level tech workers from all over the world. So this might come as a surprise: A public university there is laying off some of its own IT staff and sending their jobs to a contractor with headquarters in India.

Until recently, Hank Nguyen's daughter wanted to follow in his footsteps and work in tech. Last spring, she was accepted into the University of California system.

"She was inclined to take computer science and engineering," Nguyen says.

"hallway in the cherry tree inn in billings" by Bradley Gordon is licensed under CC by 2.0

Three hospitality business groups are suing Seattle over a measure intended to protect hotel workers that voters approved in November.

The American Hotel and Lodging Association, the Washington Hospitality Association and the Seattle Hotel Association filed the lawsuit in King County Superior Court on Monday.

Courtesy of Boeing

Leaders at Boeing have announced that the company will see more job cuts in 2017 in a further effort to reduce costs as orders have slowed.

Washington state's largest private sector employer has already cut jobs in its commercial airplanes unit by eight percent, according to a joint statement to employees from Boeing Vice Chairman Ray Conner and Commercial Airplanes Chief Executive Kevin McAllister.

Postmates is an app-based food and grocery delivery service.
Chandice Choi / AP

On-demand delivery startup Postmates has been ordered to pay more than two years' worth of worker compensation premiums for its couriers in Washington.

The San Francisco-based company says the cyclists and drivers who work through the app are independent contractors who should be exempt from workers' comp coverage.

A sign that reads "15 Good Work Seattle" is displayed below Seattle City Hall, right, and the Columbia Center building, left, Monday, June 2, 2014, after the Seattle City Council passed a $15 minimum wage measure.
Ted S. Warren / AP

Seattle has been a national leader in passing labor standards like paid sick and safe time, a $15 minimum wage and secure scheduling. But these laws meant to help workers can leave businesses struggling to keep up.

Wendy Gillihan owns Gryffin Consulting and helps businesses comply with Seattle's labor standards. She also sits on the mayor's Labor Standards Advisory Commission. 

Beginning in 2017, United Airlines will offer cheaper airfares for budget-conscious travelers.

"Basic economy" will be lower priced than regular fares, allowing United to compete head to head with discount airlines such as Spirit, Frontier and Allegiant Air.

But there's a trade-off for passengers who will be giving up some of the few remaining perks of air travel, like putting a carry-on suitcase in the overhead bin or getting an assigned seat.

Iran Air has finalized its historic purchase of 80 U.S.-made passenger jets, signing a deal with Boeing that's the first of its kind since the overthrow of Iran's shah in the 1970s. U.S. officials approved the deal in September, months after Iran emerged from sanctions.

One woman holds up an "Every Driver Counts" sign while another holds one that says "$15 and a Union" at a packed meeting about for-hire driver unionization at Seattle City Hall.
Simone Alicea / knkx

More than 200 people gathered at Seattle City Hall Tuesday afternoon to talk about how drivers for companies like Uber and Lyft could potentially unionize.

The hearing was held to talk about draft rules the city released a couple weeks ago regarding an ordinance the Seattle City Council passed last year.  

The proposed takeover by Alaska Airlines of its West Coast rival Virgin America has cleared its biggest hurdle. The U.S. Justice Department on Tuesday approved the $2.6 billion merger with conditions.

A representative from the Washington State Department of Commerce demonstrates a pickleball paddle made from plane scraps at the Museum of Flight in Seattle.
Simone Alicea / knkx

A firm in Port Angeles has figured out a way to make pickleball paddles out of plane scraps.

The Composite Recycling Technology Center makes the paddles from recycled carbon fiber composites. These materials are super strong and lightweight.

When a company like Boeing builds its 787 Dreamliner, for example, it has to cut sheets of carbon fiber composites into the right shapes for different parts of the plane. But that same company may not have the resources to figure out how to recycle its leftovers.

Rick Maiman/AP Images for Starbucks

Starbucks Chairman Howard Schultz is stepping down as CEO of the coffee chain he joined more than 30 years ago and transformed into a globally known brand.

Schultz will become executive chairman in April to focus on innovation such as high-end shops and social impact activities, the Seattle-based chain announced Thursday. Kevin Johnson, who was named president and chief operating officer last year, will be chief executive as of April 3.

The announcement that President-elect Donald Trump and Vice President-elect Mike Pence helped persuade Carrier to keep 1,000 factory jobs in the U.S. is a pretty big win. After all, they ran on a message of protecting The American Worker, and Trump isn't even in the White House yet.

In the race for video streaming domination, Netflix surges forward. On Wednesday, Netflix announced and implemented in its latest update, the ability to download TV and movie titles on mobile devices.

Ralph Radford / AP Photo

The World Trade Organization ruled Monday that the tax incentives offered by Washington state to Boeing are illegal.

Monday's decision is the first in the latest case brought by the European Union against the Chicago-based airplane manufacturer.

A North Pacific fishing boat sits at Fisherman's Terminal on Lake Union.
Simone Alicea / knkx

The fleet of boats that fish the waters off the coast of Alaska is getting old, but that could be a good thing for the economy here in Washington state, according to a new report.

FanDuel and DraftKings announced Friday that they have agreed to merge, ending months of speculation over the fates of the two largest players in the daily fantasy sports industry.

Workers move a spool for the Murray Morgan Bridge in Tacoma. Tacoma's growth rate in construction employment surpassed Seattle's in the past year.
"Murray Morgan bridge spool" by Scott Hignst is licensed under CC by 2.0

More people are getting into the construction industry throughout Washington state, but especially in Tacoma, according to a new analysis of federal data from the Association of General Contractors of America.

The organization looked at how  many people were employed in construction between September 2015 and September 2016.

Five Northwest ski resorts have changed hands in about the past month in a series of unrelated deals. The ownership of Stevens Pass and The Summit at Snoqualmie in the Washington Cascades and Cypress Mountain by West Vancouver changed in a 15-mountain transaction announced late Wednesday between a trio of holding companies back East.

One of China's wealthiest men has been on a buying spree in Hollywood, snapping up cinemas and movie production companies. Now Wang Jianlin, the chairman of the Beijing-based Dalian Wanda Group has acquired another piece of Americana: Dick Clark Productions.

September unemployment data released this week seems to show a widening economic gap between struggling small-town Washington and the booming Seattle area.

But there are signs rising unemployment in rural Washington is a result of more people joining the workforce rather than a loss of jobs.

Jeff Chiu / AP

Two recent studies from the University of Washington provide some insight into the ways drivers for companies like Uber and Lyft may discriminate against certain passengers in the Seattle area.

Researchers say there's good news and there's bad news. In one study published in this month's Journal of Transportation Geography, researchers found that app-based ride-hailing service was actually faster in lower-income neighborhoods.

Hours after announcing a 9 percent staff cut, Twitter says it's also cutting the Vine looping-video app, which burst to popularity after its launch in 2013 but has struggled to match that growth in the past year.

The shutdown of Vine, which recently claimed more than 200 million monthly viewers, will occur "in the coming months," the company says in a blog post about the move.

The EpiPen, the anti-allergy device that has been under investigation because of huge price increases, is soon going to have some competition.

Kaleo Pharmaceuticals, a small privately held drugmaker, says it plans to bring the Auvi-Q epinephrine auto-injector back onto the market in 2017.

Both the Auvi-Q and EpiPen devices inject a dose of epinephrine into the thigh of a person experiencing a severe allergic reaction.

Telecom giant AT&T has reached an $85.4 billion deal to buy media titan Time Warner. The news of this transformational merger has shaken up both industries, raising eyebrows on Wall Street and drawing criticism from lawmakers and even the presidential campaigns.

Many Washington and Idaho wheat farmers are struggling this year because of a weird crop problem. Researchers at the USDA’s Western Wheat Quality Lab at Washington State University in Pullman are looking into it.

By baking cakes, cookies, bread, pancakes, noodles and pasta.

At Ord Community Commissary near Monterey, Calif., there's fresh produce when you first walk in, ice cream, and meat in the back.

"Oh, we've got everything. We have lamb, we have veal," says Commissary Officer Alex King who manages the store. "Sushi is a big hit here. The customers are very much appreciative of that."

What makes the commissary different from a regular grocery store is who shops here – military troops, retirees and their families – and the savings they receive at the checkout counter.

Alaska Airlines CEO Brad Tilden said he remains confident that a proposed takeover of rival Virgin America will happen. But he acknowledged to Wall Street analysts Thursday that he had been hoping the $2.6 billion deal would have closed “a couple of weeks ago.”

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