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.
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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.
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The Caribbean band Island Jamz will kick off a summertime concert series at downtown Tacoma's Tollefson Plaza on Friday, July 10.
The Summer Lunch Series will continue every Friday from 11 a.m. to 2 p.m. through Sept. 25, said Vy Dotson, Tollefson Plaza coordinator for the Tacoma-Pierce County Chamber of Commerce.
The entertainment will include a variety of acts from "Shakespeare in the Parking Lot" to acoustic music from local performers.
In addition to the entertainment, food vendors will set up shop to offer lunch fare for downtowners attending the series.
Tollefson Plaza is the triangular pink concrete gathering place with the invisible water feature just south of the Marriott Hotel on Pacific Avenue.
Think auto dealers are suffering from sales shock?
Consider the fate of heavy truck sellers in the recession as illustrated by new sales figures from WardsAuto.com for heavy duty truck sales in Canada.
Those figures show sales for the largest road-going trucks, Class 8's, in Canada were down 53.4 percent in May from the same month a year earlier.
Particularly hard hit were two brands built by Bellevue's Paccar, Kenworth and Peterbilt. Sales of Class 8 Kenworths in Canada fell to 149 in May from 412 in the same month a year earlier. Peterbilt sales were off 82.1 percent in the same period.
Peterbilt dealers in Canada sold just 47 Class 8 trucks in May 2009 compared with 272 in May 2008.
The market for extra large aircraft such as Boeing's 747-8 and Airbus's A380 won't be as robust as the manufacturers had hoped Boeing said in a new forecast issued today.
The company predicted that the market for jets with more than 400 seats over the next 20 years will be 25 percent less than Boeing had predicted last year.
Last year's prediction called for sales of 980 aircraft of thst size over the next two decades. This year's new forecast calls for 740 jumbo jet sales over the next 20 years.
Already, the recession has weakened the market for both aircraft with Airbus customers talking of cancellations or deferrals of deliveries of the 550-seat A380 and with tepid sales for the 747-8, Boeing's new version of the iconic jumbo jet.
Randy Tinseth, Boeing's vice-president of marketing, said the demand for large aircraft will be particularly weak for freighters.
Emirates, Airbus's largest A380 customer with 58 on order, already has pulled an A380 off the New York-Dubai run and substituted a smaller Boeing 777 because the larger jet was operating with too many emply seats.
The Boeing forecast, released in London, calles for a demand for 29,000 new aircraft worldwide over the next 20 years. That's a reduction of 400 from the 2008 forecast.
Seattle's Gene Juarez Salon & Spas will open a remodeled salon and a new spa in an updated South Hill Mall in Puyallup June 29.
The updated store will follow the model created by the upscale beauty purveyor in its flagship salon in Seattle's University Village location.
The new decor, said the company, will convey warmth and luxury as well as a touch of Northwest heritage.
The 6,100-square-foot space will allow Gene Juarez to offer new services at the Mall: massage, waxing, nail, makeup and facial services in addition to the traditional hair services, the company said in a news release.
South Hill mall and several of its major merchants are spending millions of dollars remodeling the 20-year-old mall. That mall update is due to be finished before Christmas next fall.
