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Archives: July 2011

July
29th

Union workers reject Boeing supplier contract offer in Wichita

Some 96.5 percent of union technical workers voting on a Spirit Aerosystems long-term contract proposal have rejected the company’s offer in a balloting late this week in Kansas.

Those workers are part of the same union that represents Boeing professional, technical and engineering employees in the Puget Sound area.

Spirit owns former Boeing properties in Wichita that produce major subassemblies of such Boeing aircraft as the 737 and the 787 Dreamliner.

The union, the Society of Professional Engineering Employees in Aerospace, said the vote is a clear sign that the company’s workers want a better offer.

According to the union,

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July
29th

Chinese demand for logs keeps Weyerhaeuser in the black despite weak U.S. housing

Federal Way’s Weyerhaeuser Co. stayed barely in the black in the second quarter thanks in large measure to a healthy demand for logs and paper in the Chinese market, the company said today.

The company earned $10 million or 2 cents a share on revenues of $1.8 billion in the second quarter. That compares with earnings of $14 million or 7 cents a share in the second quarter of 2010. The number of common shares outstanding last year at the end of the quarter was roughly 39 percent of the shares outstanding at the end of June this year.

The

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July
29th

Alaska Air to fill gap left by Southwest

Alaska Airlines is adding two daily roundtrip flights between Sea-Tac and Spokane and Sea-Tac and Boise in early January.

The new flights will fill the gap left by Southwest Airlines, which intends to quit flying those routes Jan. 8.

Alaska will fly Bombardier Q-400 propjet aircraft on those routes. Southwest had been flying Boeing 737s. Southwest said it wasn’t making money on those routes because its planes weren’t full enough.

Southwest’s planes have 137 seats. The aircraft Alaska will operate will have 76 seats. Substituting those aircraft for Southwest’s Boeing’s will cut capacity on those routes while maintaining

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July
28th

Fred Meyer to sell Barnes & Noble e-reader

Fred Meyer stores will add Barnes & Noble’s Nook electronic book reader to its inventory of electronics for sale beginning Saturday.

The Nook joins Amazon.com’s Kindle e-reader on Fred Meyer’s shelves.

The Portland-based company said Nooks will be available in all 132 of its stores. The basic Nook will be available for $139. The Nook Color will be offered for $249.

The e-readers allow customer to download book electronically to the book-sized tablet-like computers. The Nook as well as other e-readers can store hundreds of books and other publications in its memory, obviating the need carry around heavy printed

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July
28th

New $45 million Des Moines hotel might have been built in Tacoma

A $45-million, 238-room hotel now under construction in Des Moines, might have been built in Tacoma if it weren’t for a chance meeting between Des Moines’ mayor and the hotel’s chief investor.

At least that’s the account from Des Moines Mayor Robert Sheckler who this week officiated at a ground-breaking ceremony for the 7-story Artemis Hotel on Pacific Highway South.

The hotel, which will feature nine two-story penthouse-style suites with a view of the Olympics, is expected to open in mid-2013. The hotel was designed by Tacoma’s Belay Architecture.

When the hotel opens it will feature a high-end Chinese

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July
28th

Tacoma’s Columbia Bank reports quarterly earnings up from 2010; board declares dividend of 6 cents per share

The numbers continue to improve at the lagest Tacoma-based Bank.

Columbia Bank announced this morning that second-quarter income came in $8.6 million, more than double to the $3.9 million recorded in the same quarter last year.

Net income per-share for the quarter was 22 cents, double the 11 cents from 2010.

Columbia President and CEO Melanie Dressel noted in a statement that the bank acquired two failed state banks – Summit Bank of Burlington and First Heritage Bank of Snohomish County – during the quarter.

“We are continuing to implement one of our primary strategies, filling in our footprint between

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July
28th

McClatchy squeezes out Q2 profit

In spite of falling advertising and circulation revenues, the nation’s third largest newspaper chain, The McClatchy Company, reported today it remained profitable in the second quarter.

The company, parent of The News Tribune and the Olympian among other newspapers, said its profit for the quarter ending June 30 was $4.9 million on revenues of $314.3 million.

Revenues in last year’s second quarter were $342 million, and profits were $7.3 million.

Excluding special expenses such as severance payments for laid off workers and other one-time charges, the company’s profits for the second quarter were $9 million compared with $8.5 million

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July
27th

Networking event set for Thursday

New to networking?

The University of Phoenix’s Western Washington campus wants to pass along a few pointers about making networking a more valuable job and business tool.

The university is hosting a networking event at downtown Tacoma’s Marriott Courtyard Hotel for local job seekers and business people at 6 p.m to 8 p.m. Thursday.

Event attendees will learn the dos and don’ts of networking, including strategies to maximize social interaction at an event. Attendees will also learn about how to develop the right network to bolster their careers, the university said.

Attendees are encouraged to let the university know

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