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.

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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.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Wednesday, July 1st, 2009
Posted by Kelly Kearsley @ 02:41:48 pm

State Attorney General Rob McKenna praised the Federal Trade Commission for tackling a Tacoma company "that preyed on financially strapped consumers."

The FTC sued Mutual Consolidated Savings last week for allegedly using robo-calls to aggressively target consumers then charging fees of $690 to $899 while providing little help.

On Monday, the FTC froze the company's assets and a court-appointed receiver took control of the business.

“Mutual Consolidated Savings has been the source of numerous consumer complaints,” McKenna said. “The Federal Trade Commission’s move to shut down its Tacoma call center means that fewer consumers will be misled by the company’s promises to bail them out of debt.”

McKenna urged consumers to use a legitimate credit counselor and his office offered tips on how to sort out the bad actors from the good ones.

“When you’re drowning in debt, you’re desperate,” McKenna said. “But if you’re not careful, your chosen rescuer may toss you an anvil instead of a life preserver.”

Here's how to spot a debt repair scam:

- The company promises to repair a bad credit report.

- The organization wants you to pay before any services are provided.

- You aren’t informed of the legal rights and actions you can take yourself for free.

=> Read more!

Categories: Aerospace
Posted by Kelly Kearsley @ 02:22:24 pm

A blog post on CBS Moneywatch.com recently reported Tacoma at the top of a list of "The 10 Best Housing Markets."

"Some markets are poised to do quite nicely — others will tank. Based on the Case-Shiller index, Moody’s Economy.com forecast the 10 best and worst markets between the fourth quarter of 2008 and the fourth quarter of 2013," according to the post.

I haven't been able to find the original source of the list. When I do, I'll let you know what exactly it was about the Tacoma market that ranked us so high.

Categories: Aerospace
Posted by John Gillie @ 09:32:39 am

Alaska Airlines has painted several of its 737s in Disney paint schemes. Now Amtrak is getting in the act to promote a new Disney version of a wintertime classic.

Disney has chartered an Amtrak train, painted its engine and cars like an English town at Christmastime complete with the characters from its new movie "A Christmas Carol."

The train began a nationwide tour promoting the film on Memorial Day in Los Angeles. It visits Seattle this week for the three-day Independence Day holiday.

The train will visit Seattle's King Street Station Friday through Sunday for free public viewings. The train features sneak previews of the film with Jim Carrey, inactive movie making exhibits and background information about the story.

No word yet on when the train will pass through Tacoma, but expect it either late today, or more likely, sometime Thursday along the BNSF tracks that skirt the waterfront and Puget Sound.

In Seattle, the train will be open Friday and Saturday 9 a.m. to 7 p.m. and Sunday 9 a.m. to 4 p.m. King Street Station is adjacent to Qwest Field at 303 South Jackson St.

Categories: General, Tourism
Posted by John Gillie @ 08:59:11 am

Registration of new vehicles fell nearly 38 percent in Washington in May compared with the same month a year ago, according to data from an auto market analysis firm.

Cross-Sell reported a total of 13,602 new vehicles registered by Washington car dealers last month compared with 21,865 vehicles in May 2008. That's a 37.8 percent decline.

Used car registrations fell but not as severely. Dealers registered 26,104 used vehicles in Washington in May, and private parties registered 20,065 used vehicles.

Year-over-year used vehicle title registrations were down 8.2 percent at dealers and 7.7 percent among private parties.

Leading the new car sales were compact sport utility vehicles, compact cars and small sport utilities, said Cross-Sell.

Categories: General, Shopping, Retail