The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

Talk to us
Got something to say? Here's the place to say it. We welcome your comments on what's going on in business in the South Sound that we should be discussing, reporting or analyzing here on our blog or in the pages of The News Tribune.

Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

Calendar
June 2007
Sun Mon Tue Wed Thu Fri Sat
 << < Current> >>
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Archives
XML Feeds
What is RSS?
Misc
Who's Online?
  • MrSinister Email
  • CustomScoop Email
  • Guest Users: 437
Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Thursday, June 14th, 2007
Posted by Marce Edwards @ 03:07:04 pm

Amazon has heavily marketed the final Harry Potter book due out next month. But it's not going to make the company any money.

CEO Jeff Bezos said today that even though the online retailer has taken more than a million pre-orders for the “Harry Potter and the Deathly Hollows,” it won’t make a profit.

Amazon’s handling of the book — a $17 discount off cover price, a free shipping offer and guaranteed on-time delivery — showed yet again that the company is willing to take a hit to cement customer loyalty, The Associated Press reports.

Bezos hammered on Amazon’s “customer-centric” approach during the company’s annual meeting in Seattle.

Categories: Shopping
Posted by Devona Wells @ 02:53:02 pm

A Seattle lawyer has sued Avvo.com, a Seattle start-up that rates lawyers on a scale of 1 to 10. (Avvo launched its site last Tuesday.) The suit, according to a press release, claims the rating methodology is prone to error and manipulation.

Avvo CEO Mark Britton, also a lawyer, told me Thursday afternoon that rating attorneys is a First Amendment right. "Assuming the Constitution is still alive and well and the idea of serving consumers is a good one, we will continue," he said.

In defending the site (and its subjective ratings) last week, Britton said good lawyers would love it. Steve W. Berman, the lawyer who filed the suit, is about as good as it gets at Avvo. He has a rating of 9.3.

Avvo pitches itself as a consumer tool, though the potentially controversial ratings get pretty big play (kind of like Zillow’s Zestimates) on a lawyer’s profile page. What do you think? Would a rating help you find a lawyer? Have you looked up your own lawyer yet?

Categories: General
Posted by C.R. Roberts @ 02:14:59 pm

Compared to the rest of the country, we borrow more to buy a car around here and we’re better at paying-off our loans.
Therefore, our credit score is higher.

Credit bureau Experian reported this week that the average credit score for Washington car-loan borrowers without any late payments was 714; and 613 with at least one late payment.

Nationwide, the average for on-time borrowers was 703; and 605 with a late payment.

The average car-loan borrower in Washington had $16,644 on the books, while the nationwide average was $15,654.

Categories: General
Posted by John Gillie @ 12:30:19 pm

The Foremost properties, a complex of four buildings at a key downtown Tacoma intersection, is under contract to be sold to a new buyer.

The sale has not yet closed, said Laura Fox of GVA Kidder Mathews, who listed the property, but the new buyer has put down a substantial amount of earnest money and intends to carry through with the purchase.

The new buyers have commissioned Fox to seek tenants for the building.

"It's a highly visible building right where the Link (light rail) turns off Pacific Avenue," she said. The buildings are located at South 25th Street and Pacific Avenue, directly across Pacific from the downtown Jack-In-The-Box fast food restaurant.

"I can see it being office and retail, maybe a brew pub, but we're open to all uses," she said.

Powder Coating Systems Inc. occupies about 16,000 square feet of the 60,000-square-foot complex. Powder Coating President Gregg Taylor said he's had indirect contacts with the prospective new owner about staying in the building.

Fox didn't disclose the new owners' identity or the price they've offered. The buildings were on the market for $3 million.

The dairy building, which features large floor-to-ceiling windows facing Pacific Avenue, was built in 1928.

The prospective buyers have until next March to close the purchase, but Fox believes the sale will happen much sooner.

Categories: Aerospace
Posted by Marce Edwards @ 12:08:45 pm

I've been getting a call on my wireless phone from an 866 number several times a day.

I don't recognize the number so I never pick it up. But after the number showed up on my phone again today, I did an online search for it. And I found an interesting site: whocalled.us

The site tracks unknown phone numbers and reports what other consumers find out. I can't quite tell who's behind the site, but it's pretty interesting.

It turns out my regular caller is a persistent telemarketing company selling magazine subscriptions. Who Called Us has 98 reports on this phone number.

Categories: General
Posted by Marce Edwards @ 09:29:47 am

Jones Soda might get kicked out of Starbucks.

The coffee giant wants to make room on its shelves for more food offerings – something its customers have been asking for.

Jones Soda investors and analysts didn't take the news well. Shares of Jones Soda Co., which makes pop in crazy flavors such as bubblegum and strawberry lime, fell on a report that Starbucks Corp. will stop selling its sodas.

Jones Soda gets 3 percent of annual sales of $39 million through Starbucks and benefits from “high visibility” at the coffee shops, Mark Astrachan, an analyst at Stifel Nicolaus & Co., wrote in a note today.

Shares of Jones Soda fell 74 cents, or 4.7 percent, to $14.94 in early trading. They have gained 21 percent this year.

Starbucks may end ties with Jones Soda to free up space for drinks made by PepsiCo Inc. or its own food, said Astrachan.

PepsiCo and Starbucks have a joint venture to make bottled Frappuccino and DoubleShot espresso, and some cafes sell PepsiCo’s Izze carbonated fruit drinks.

Categories: General