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.
- All
- Aerospace (1477)
- Banking (179)
- Commercial Real Estate (145)
- Consumer Alert (28)
- Downtown Tacoma (225)
- Economic Development (273)
- Employment/Workplace (283)
- Food (32)
- General (1920)
- Labor (178)
- Port and trade (275)
- Residential Real Estate (77)
- Restaurants (145)
- Retail (63)
- Shopping (320)
- Technology (133)
- Tourism (742)
- Your view (7)
| 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 | ||||
- October 2009 (59)
- September 2009 (83)
- August 2009 (109)
- July 2009 (98)
- June 2009 (107)
- May 2009 (108)
- April 2009 (124)
- March 2009 (100)
- February 2009 (95)
- January 2009 (112)
- December 2008 (100)
- November 2008 (101)
- More...
Perhaps you’d prefer some good news. Here it is.
Consumer prices in the Tacoma-Bremerton-Seattle area fell 0.1 percent in July and August, the Bureau of Labor Statistics reported today.
The bureau’s trannsportation index was primarily responsible for the decline, down 1.7 percent. The price of gasoline, a part of that index, marked a 7.2 percent drop.
Among other numbers in today’s report: Grocery prices were up 7.9 percent; electricity was unchanged; furniture and “household operations” were down 2.8 percent and are down 3 percent from a year ago; and the cost of clothes fell 2.2 percent for two months and are down 0.7 percent for the past 12.
Grocery prices edged up 0.1 percent for the two months, and are up 8 percent since the end of August 2007. Restaurant food and other food purchased for consumption away from home rose 0.7 percent in July and August and were ahead 3.7 percent for the year.
Medical care was up 2.2 percent for the two months and down by 0.7 percent on the year.
The Port of Seattle is holding an open house Sept. 25 to introduce the public to its new third runway.
The open house, set for 4 p.m. to 7 p.m. at the Boulevard Park Presbyterian Church, 1822 S. 128th St., Seattle, is designed to provide the public with answers about the new runway and its effects on the environment and near-airport neighborhoods.
The third runway, some 15 years in the planning and construction, is set to open Nov. 20.
The new runway is designed to help the airport operate more efficiently during bad weather. The airport's two existing runways are too close together to allow landings on both when visibility is poor.
The new runway will allow staggered landings on both strips during inclement weather.
The runway project, which required the displacement of dozens of homes and the reconstruction of lakes and creeks, is expected to cost about $1.2 billion when all the bills are in.
Aviation Partners Boeing, a Seattle company that designs and builds fuel-saving wingtip extensions for commercial and corporate aircraft, has won new orders from two airlines.
Hawaiian Airlines and Air New Zealand announced this week they will install Aviation Partners' blended winglets on their fleets of Boeing 767 twin jets to cut fuel costs.
Air New Zealand will add the winglets, which are vertical extensions at the ends of the 767's wings, to five of its jets.
The winglets are expected to save the Kiwi airline about 1.6 million gallons of fuel yearly.
Hawaiian Airlines in the meanwhile will add Aviation Partners' winglets to eight of its 767-300ERs. The airline will also purchase seven additional sets of winglets.
The wingtip extensions are expected to reduce fuel consumption by about 5 percent.
Neither airline disclosed the price of the wingtip extensions.
The wingtips improve fuel ecomony, increase aircraft range and reduce emissions because the winglets disrupt the drag-producing vortexes that form at the end of conventional wingtips.
Will the president soon fly Airbus?
A new competition still in the planning stages raises that possibility.
The Air Force has begun planning to replace the president's huge airborne office, known as Air Force One when he's aboard, with newer, more fuel efficient aircraft.
The search for replacements for the two specially equipped Boeing 747-200s in the presidential fleet is likely to set up yet another confrontation between Boeing and Airbus.
Boeing is likely to propose its 747-8 Intercontinental, the latest version of the venerable 747, to the Air Force. The 747-8 has new wings, new electronics and new engines. It's stretched so in the passenger version it holds about 460 travelers.
Some investors have been asking Weyerhaeuser to separate its trees from its manufacturing for several years.
The company today gave hints that it might happen soon.
Here's what Bloomberg is reporting:
Weyerhaeuser Co., North America’s largest lumber producer, may meet U.S. financial requirements to become a real estate investment trust, or REIT, as soon as next year.
“The REIT structure has a number of complex rules and we don’t meet them for 2008,” Chief Financial Officer Patricia Bedient said today at a forestry conference in New York. “However, given the changes in our company, we believe there is a high likelihood that we may be able to meet the so-called asset and income tests required for REIT by 2009.”
Weyerhaeuser, under pressure from some shareholders to boost the value of its investments in timberland, said May 30 that conversion into a real estate trust wouldn’t make financial sense until 2010 at the earliest.
No decision has been made to become a REIT, even though the company is moving now to “preserve the option” for 2009, Bedient said.
As a REIT, profit from Weyerhaeuser’s timberlands would be taxed at 15 percent, instead of a rate of 35 percent for corporations. Under legislation included in this year’s U.S. Farm Bill, the company is currently paying the 15 percent rate, Bedient said, adding those legal provisions expire in May 2009.
TOP Food & Drug stores have taken groceries to the Internet.
The Bellingham-based chain, with stores in Lake Tapps, Puyallup and Tacoma, launched a pilot TOP Connection program, which provides a seven-day guarantee on prices. This means is a member buys a product at a competitor and TOP advertises a lower price within seven days, the price difference plus one percent is credited to the customer.
These credits add up monthly, and can be used at a TOP store.
The program is available at stores in Tacoma, Olympia, Lacey and Aberdeen.
People can register for the free program at www.top-foods.com, by calling (877) TOP-3850 or by visiting a TOP store.
In addition to the price guarantee, the membership provides:
