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Thursday, May 23, 2013
Boeing Chief Executive Jim McNerney, acknowledging that “I’m sounding like Darth Vader here,” touted plans Wednesday to reduce costs by squeezing suppliers hard and cutting jobs across the company. (Wed, 5/22) Conner sees Boeing as top dog in widebody market At Boeing’s annual investor conference, Commercial Airplanes chief Ray Conner predicted that the 787 and 777X will dominate the widebody jet market against competition from Airbus. (Wed, 5/22) Food-video site launched by Bellevue consumer-research firm The Hartman Group in Bellevue has launched to share videos about food from its researchers and others. The firm’s analysts, including people with doctorates in anthropology, sociology and ethnography, talk on camera about everything from the to to . (Wed, 5/22) High-level Starbucks exec heads to Kohl’s Michelle Gass, known for transforming the Frappuccino into a popular drink, is becoming the department store chain’s chief customer officer. (Wed, 5/22) Tesla pays off government loan of $465M early Using money from a $968 million stock and note sale that closed Wednesday, electric carmaker Tesla paid off a $465 million loan it got from the Department of Energy in 2010 to foster development of advanced-technology vehicles. (Wed, 5/22) Clearwire board approves higher Sprint offer Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it. (Wed, 5/22) Bernanke signals Fed to maintain stimulus efforts Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs. (Wed, 5/22)
CEO pay has been going in one direction for the past three years: up. (Wed, 5/22) Stocks fall on news Fed weighed cutting stimulus The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon. (Wed, 5/22) AAA: 31.2M drivers to take Memorial Day road trip It's going to be another busy Memorial Day weekend on the nation's highways. (Wed, 5/22) Amazon Web Services to add 500 jobs in Va. (Wed, 5/22) Boeing 787 gets image boost as United resumes flights Boeing’s 787 Dreamliner cleared another hurdle in restoring its image as United Airlines, the only U.S. operator of the aircraft, resumed flights Monday. (Mon, 5/20) CEOs assure Tumblr will stay independent after Yahoo deal Despite Yahoo’s $1.1 billion deal for the social network, Yahoo CEO Marissa Mayer and Tumblr leader David Karp said Tumblr will remain in New York and Karp will stay on as CEO. (Mon, 5/20) CPA firm ordered to pay $180K to Meridian trustee Seattle CPA firm Moss Adams was ordered Friday to pay $180,000 for not fully complying with a subpoena for documents from Meridian Mortgage and its founder, Frederick Darren Berg. (Mon, 5/20) Economists predict increase in consumer spending Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. (Mon, 5/20) High court uphold FCC power in cell tower disputes The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers. (Mon, 5/20) Jamie Dimon facing push to drop chairman’s title Tuesday’s vote at JPMorgan’s annual shareholder meeting in Tampa, Fla., isn’t binding, but it has nevertheless become a marquee referendum whose results could rattle nerves across the financial industry. (Mon, 5/20) Kemper Freeman plans $1.2 billion expansion in Bellevue Kemper Development wants to build 2 million square feet of additional retail, office, hotel and residential space covering more than a block of prime real estate at Northeast Fourth Street and Bellevue Way Northeast. (Mon, 5/20) Mom gushes over billion-dollar Tumblr baby The mother of Tumblr CEO David Karp recalls his ardor for computers developed at a young age. (Mon, 5/20) Panel: Apple used subsidiaries to skirt taxes By officially locating subsidiaries in places like Ireland, Apple was able to, in effect, make them stateless — exempt from taxes, record-keeping laws and the need for the subsidiaries to even file tax returns anywhere in the world. (Mon, 5/20) Retailer LL Bean keeping it in the family L.L. Bean's grandson Leon Gorman is retiring as chairman of the outdoors retailer after more than a half-century as the company's chairman or CEO, but the privately held firm is keeping the position in the family. (Mon, 5/20) Seattle’s NanoString seeks $86M in IPO Seattle genomic-analysis company NanoString Technologies aims to sell up to $86 million in an initial public offering of stock, the company said Monday in a regulatory filing. (Mon, 5/20) Small company stock are a bright spot Small-company stocks were a bright spot in a subdued start to the week for Wall Street. (Mon, 5/20) US auto factories cutting back on summer downtime The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. (Wed, 5/22) Amazon’s plan for giant spheres gets mixed reaction The three glass-and-steel spheres Amazon.com has proposed as the “heart” of its high-rise complex in Seattle’s Denny Triangle drew mixed reviews Tuesday. (Tue, 5/21) Apple case seen as possible spur to tax action Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law. (Tue, 5/21) Apple CEO strongly defends tax policy at Senate hearing In defending Apple’s tax practices, CEO Tim Cook said the tax code “has not kept up with the digital age” and restricts the free movement of capital in comparison to the codes of other countries. (Tue, 5/21) Average credit card debt, late payments fall in 1Q Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. (Tue, 5/21) Boeing may speed up 787, 737 production CEO Jim McNerney said at an investor conference that Boeing has an “upper bias” toward speeding up production of both planes. (Wed, 5/22) County jobless rates shrink (Tue, 5/21) Dimon survives job-title vote Even though the proposal to separate chairmanship from the chief executive officer position was defeated, it was unclear what steps JPMorgan would take to assuage shareholder concerns. (Tue, 5/21) Energy chief puts LNG exports on hold until studies reviewed Newly sworn in, Energy Secretary Ernest Moniz says he wants to review about 20 application for liquefied natural-gas export facilities to study the effect on prices. (Tue, 5/21) Housing recovery gives boost to Home Depot 1Q Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery. (Tue, 5/21) How The AP and Equilar calculate CEO pay For its annual survey of CEO pay, The Associated Press uses data provided by Equilar, an executive pay research firm. (Wed, 5/22) JPMorgan's Dimon survives shareholder referendum Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members. (Tue, 5/21) On top of big salaries, companies pile on perks Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000. (Wed, 5/22) Should we let wunderkinds drop out of high school? It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college. (Tue, 5/21) Sprint to listen to Dish offer Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank. (Tue, 5/21) Stocks gain on reassurance from a top Fed official Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. (Tue, 5/21) US home sales tick up to highest in 3 1/2 years Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale. (Wed, 5/22) With high-tech guns, users could disable remotely A high-tech startup is wading into the gun control debate with a wireless controller that would allow gun owners to know when their weapon is being moved - and disable it remotely. (Tue, 5/21) Sprint raises offer for Clearwire stake Sprint Nextel has increased its bid for full control of Clearwire, seeking to persuade shareholders of the Bellevue-based wireless-network company to reject a competing proposal from Dish Network. (Tue, 5/21) |
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