The Biz Buzz

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Archives: Nov. 2011

Nov.
28th

Will drought in the South take the PB out of your PB&J?

Peanut butter is disappearing from some food bank shelves in the Midwest as peanut butter manufacturers raise their wholesale prices by 20 to 40 percent.

But Northwest grocers say that while shelf prices are drifting upwards, don’t expect the lunchbox staple to disappear from shelves anytime soon.

John Boyle, senior vice president of sales and marketing for Metropolitan Markets, said peanut butter is still available in quantity though prices are increasing somewhat to reflect a smaller crop this year.

Sara Osborne, spokeswoman for Safeway in the Northwest, said that while supplies are tighter there’s still plenty of peanut to go

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Nov.
28th

Grays Harbor expects to export 37,000 Chrysler vehicles

With more than 30,000 North American vehicles already exported through October, the Port of Grays Harbor predicted today it will export more than 37,000 vehicles this year.

That number will far surpass the 21,162 Chrysler products exported last year from the port on Washington’s Pacific Coast.

The increase is in exports is driven by a growing demand in China, now the world’s largest auto market, and other Asian countries for Chrysler vehicles.

Pasha Automotive Services is handling the exports of the cars and trucks. The vehicles are delivered to the port on trains from assembly plants in the Midwest.

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Nov.
28th

Some tips for holiday charitable giving

It’s the season to give and it’s the season to get. Some folks are out to get more than they probably deserve. That’s where the Better Business Bureau comes in.

In a release today, the bureau outlines a few steps people can take before making a charitable donation.

“When fraudulent charities or dishonest solicitors intercept donation dollars, it leaves legitimate organizations and those they serve in a difficult position,” stated Sherry Guderjohn, Charity Review Manager for BBB serving Alaska, Oregon and Western Washington.

This from the charity review program:

• Verify Validity: Don’t let emotional appeals and high pressure

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Nov.
28th

Boeing may lose $500 million on Air Force tanker development

After 10 years of back-and-forth bidding and political wrangling, Boeing won the Defense Department contract to build 179 new Air Force aerial tankers.

The key to Boeing’s success against rival Airbus was its low-ball bid, a bid so low that it eliminated all argument about the relative merits of the two proposed tankers.

Now it appears that Boeing may have bid too low, at least on its developmental contract.

Bloomberg News notes that Boeing’s contract for the initial research and development on the 767-based tankers is capped at $4.8 billion. But Boeing’s latest estimates of the cost of that development

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Nov.
25th

Seattle Bank agrees to pay FDIC a penalty and offer restitution for actions taken under previous management

Seattle Bank has agreed to pay a penalty to the Federal Deposit Insurance Corp. and to make restitution to certain mortgage customers, the FDIC reported Friday in its regular update of recent orders.

The bank – which operates five branches, with one Tacoma outlet – “engaged in unsafe and unsound practices and activities in violation of the Equal Credit Opportunity Act,” the FDIC said.

The bank has been required to prepare a plan requiring “restitution and equitable relief for all (subsidiary Seattle Mortgage Co.) customers of Hispanic descent” whose loans were originated between April 1, 2008 and March 31, 2009.

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Nov.
25th

Spokane joins the race for 737 assembly plant

Spokane has joined the list of cities planning on bidding for Boeing’s next 737 assembly plant.

Civic officials there say they’re consulting with Boeing about its requirements for space, utilities and infrastructure needed for the plant that will build the company’s 737 MAX aircraft.

Spokane economic development officials are proposing a site at the Spokane International Airport.

The 737 MAX is the latest version of the world’s best-selling jetliner. It will include new engines, aerodynamic improvements and other enhancements to improve the plane’s economy and cost of ownership.

The current version of the 737 is built in Boeing’s

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Nov.
25th

Sea-Tac garage offering discounted rates for games

Those who want to avoid the traffic and the high parking rates charged by stadium-area lots for this weekend’s Apple Cup and Seahawks games at CenturyLink Field may want to consider a special parking deal at Sea-Tac Airport.

The airport is offering half-off rates in its Terminal Direct parking level. That’s $2 an hour compared with the normal $4 hourly charge for the fourth-floor parking. That special rate is available beginning three hours before the games’ kickoffs and for up to eight hours.

The Terminal Direct covered parking provides a direct walkway to Sound Transit’s Link light rail train

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Nov.
23rd

Cozy Vale Creamery raw milk products recalled

A Tenino dairy’s raw milk products are being recalled because they may be contaminated with bacteria that can cause severe intestinal distress.

The Cozy Vale Creamery’s whole and skim milk and cream are distributed through seven retail outlets in Pierce, Thurston and King counties.

The products being recalled all have sell-by dates of Dec. 6 or earlier. The company advised buyers to return the suspect milk products to the retailer where they bought it for a refund.

The recall was begun after Washington State Department of Agriculture environmental swabbing at the facility discovered that locations in the milking parlor

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