The Seattle Times

URL:

http://seattletimes.nwsource.com/

Catalog:

Economy

Publishes:

35.9 items/day

Shell fined for explosions, gas leak at Dutch chemical plant

18:09
THE HAGUE, Netherlands (AP) — A Dutch court has fined oil giant Shell 2.5 million euros ($2.8 million) for breaching Dutch labor and environmental laws in a case linked to two explosions and a gas leak at a chemical plant south of Rotterdam. The East Brabant court ruled Monday that Shell did not take sufficient […]

Fed likely to leave rates alone but signal readiness to cut

18:09
WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely […]

Part of bourbon warehouse collapses in western Kentucky

18:09
OWENSBORO, Ky. (AP) — Part of a bourbon warehouse in western Kentucky collapsed during a thunderstorm. News outlets report the partial collapse of the O.Z. Tyler Distillery rickhouse was reported early Monday. Master Distiller Jacob Call says around 20,000 barrels are stored at the location and it appears that about 4,000 were affected. He says […]

Domino’s teams up with Nuro to test autonomous delivery

18:09
ANN ARBOR, Mich. (AP) — Domino’s plans to test pizza delivery using fully autonomous vehicles in Houston. The world’s biggest pizza company is teaming up with Nuro, a Silicon Valley startup that makes unmanned delivery vehicles. Nuro is also partners with Kroger Co. It has been delivering groceries autonomously in Arizona and Houston since late […]

Lockheed Martin announces $142M expansion of Arkansas plant

17:27
LITTLE ROCK, Ark. (AP) — Lockheed Martin says it is spending $142 million and hiring 326 new workers over the next few years as it expands its south Arkansas facility. The Maryland-based company on Monday announced the expansion of its plant in Camden, about 85 miles (140 kilometers) southwest of Little Rock. The Camden facility […]

US stocks edge higher after 2 weeks of gains

16:44
NEW YORK (AP) — U.S. stocks edged higher in early trading on Wall Street Monday following two weeks of gains. Trading remained choppy as uncertainty continued over several ongoing trade disputes and their possible effect on economic growth. Technology companies were among the early gainers. Qualcomm, Facebook and Netflix rose. Retailers also gained ground. Amazon […]

Markets Right Now: Stocks are off to a mixed start

16:03
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are getting off to a mostly higher start on Wall Street as the market comes off two weeks of gains. Internet companies and retailers were up more than other sectors in early trading Monday. Facebook added 2% and […]

BidFair USA taking Sotheby’s private in deal worth $3.7B

16:03
NEW YORK (AP) — BidFair USA is taking auction house Sotheby’s private in a deal valued at $3.7 billion. BidFair USA will pay $57 per share, which is a 61% premium to the company’s Friday closing stock price. BidFair USA is owned by media and telecom entrepreneur and art collector Patrick Drahi. He founded Altice […]

First flight of Boeing’s new 777X delayed at least until the fall

16:03
PARIS, FRANCE — Boeing’s big new 777X jet, the first of which rolled out of the Everett assembly plant in early March, cannot fly until at least the fall because of a problem with the new GE9X engine. The long delay is a blow to Boeing, already struggling to cope with the crisis in its […]

Historic Louisa Hotel, witness to Seattle history and tragedy, opens new chapter as apartment building

15:21
The 110-year-old building offers a glimpse into the past of the Chinatown International District's past: It was the Hudson Hotel and then the Louisa. It held Chinatown’s first bakery, once housed a gambling hall and was the site of the Wah Mee Massacre in 1983 and a fire in 2013.

A North Carolina teen didn’t come home. An iPhone app led her mother to a ravine.

15:21
As the car carrying Catrina Cramer Alexander and her family navigated the dark two-lane road that snaked through the dense forests near Pilot Mountain in North Carolina, the mother’s eyes were glued to her iPhone screen. It was late on June 7 and Alexander was searching for her daughter, Macy Smith, who had missed curfew […]

Elon Musk claims he’s deleting his Twitter account

14:40
PALO ALTO, Calif. (AP) — Elon Musk says he’s deleting his Twitter account 10 months after his use of the social media site landed him in trouble with U.S. regulators. The Tesla CEO changed his Twitter display name to Daddy DotCom on Father’s Day. Daddy.com is an existing website that provides parenting information to new […]

German prosecutors bring charges in tax loophole case

14:40
FRANKFURT, Germany (AP) — German prosecutors have charged two British citizens with participating in tax evasion allegedly involving 440 million euros ($495 million). A regional court in Bonn said Monday that the two, who were not named, were charged with taking part in 34 instances of potential tax evasion while working at a “large financial […]

APNewsBreak: ‘Hunger Games’ prequel novel coming in 2020

14:40
NEW YORK (AP) — A decade after seemingly wrapping up “The Hunger Games,” Suzanne Collins is bringing readers back to Panem. A prequel, set 64 years before the beginning of her multimillion-selling trilogy, is coming next year. The novel, currently untitled, is scheduled for release on May 19, 2020. Collins said in a statement Monday […]

France, Germany sign European jet fighter deal

14:40
LE BOURGET, France (AP) — France, Germany and Spain agreed Monday to develop a European fighter jet and air combat system, as they bolster efforts to reduce their dependency on the United States. Defense ministers from the three countries signed an agreement at the Paris Air Show that lays out how the countries will cooperate […]
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