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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Boeing Co. today declared a dividend of 42 cents a share.
That dividend is payable Sept. 4 to shareholders of record as of August 7.
The dividend is 2 cents a share more than in the comparable period last year.
Boeing stock closed today at $46.90 a share, down $1.54 from Friday's close.
Employees of Tacoma's Russell Investments were asked in a survey in recent months about their thoughts about where the new headquarters should be located.
We understand the results are now in. But we don't know how the workforce voted.
Will it be Tacoma or move to Seattle?
We'd love to hear from anyone who voted who'll say why they voted for one city or the other. We won't use your name in any subsequent story if you want it kept confidential.
Send your reply or your comments to: John Gillie, The News Tribune, PO Box 11000, Tacoma, WA 98411 or via e-mail to john.gillie@thenewstribune.com
Olympia and Tacoma are among just 33 urban areas where housing starts were up in the 3-month period ending in April this year.
Data from Moody'sEconomy.com shows that new housing starts in Olympia rose 77 percent over the same February through April period in 2008. In Tacoma, the increase was 32 percent. Moody's compiled statistics from 381 urban areas around the nation.
Vallejo, Calif. led the nation in the increase in housing starts with a 440 percent jump.
The increases in a few communities nationwide may be the first glimmers of a revival of the housing industry that has seen its business diminished dramatically in the ongoing recession.
Consumer prices in the West, including the Puget Sound area, inched up again last month. The increase. .3 percent, was fueled mostly by rising gas prices.
The increase was identical to the .3 percent increase in April, said the Bureau of Labor Statistics. Still the Consumer Price Index remained 1.1 percent lower in May 2009 than a year ago.
The dramatic drop in fuel prices and falling and then stagnant home prices led to the first decline this year in the CPI since 1950.
In Tacoma, seasonal gasoline prices continued to rise this month with average prices for a gallon of regular at $2.891 today according to TacomaGasPrices.com.
A month ago, the average gasoline prices were $2.561 here, while a year ago, they hit $4.333.
The new increases for cost-of-living in the West brought the CPI in the region to 218.567. That means that a market basket of goods and services you could have bought in the 1982-84 base period for $100 now would have cost $218.57 in May.
Virgin Atlantic Airways has ordered 10 Airbus A330-300 aircraft, six directly from Boeing rival Airbus and four from a leasing company, to fill a capacity gap left by the late delivery of Boeing 787 Dreamliners.
The order, worth some $2.1 billion at list prices, will help Virgin Atlantic, owned in part by Sir Richard Branson's Virgin Group and by Singapore Airlines, fly routes that had been scheduled for Boeing 787s.
The 787, the first of which is due to fly in the next week, is now nearly two years behind schedule in its first deliveries.
The A330s, twin-engine planes about the same size as the 787s, will be delivered beginning in 2011. The first of Virgin's 787s are set for delivery beginning in 2013.
