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Archives: Jan. 2013

Jan.
31st

State suspends $30,000 of $67,500 fine for Trident Seafoods’ Hylebos Waterway oil spill

The state Department of Ecology has agreed to suspend $30,000 of a $67,500 penalty it levied on Seattle’s Trident Seafoods Corp. for a 232-gallon oil spill into Tacoma’s Hylebos Waterway.

The suspension is contingent on the seafood company’s continued environmental auditing of its vessels and its avoiding further spills greater than 25 gallons.

The spill happened on Oct. 15, 2011 when fuel was being transferred aboard Trident’s 195-foot fishing tender vessel Eastern Wind.  The fuel spilled into the Hylebos Waterway when a tank overflowed.

The spill was contained by floating boom that had been positioned around the vessel as a

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Jan.
31st

Is the gas price holiday over?

Is the gas price holiday that South Sound residents enjoyed for the last two months finally ending?

Average gas prices are once again headed upward this week. The average price of a gallon of unleaded in the South Sound Thursday was $3.487, up more than a dime from the same time last week, according to the News Tribune’s Gas Deal Finder.

Nationwide, gas prices have risen even faster with an 11 cent increase over the same period.

Nonetheless, gas prices still remain below last year’s levels when refinery fires and concern over Middle East supplies pumped

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Jan.
31st

Boeing workers getting two-week bonus in February

Boeing’s nearly $4 billion profit announcement Wednesday was good news not only for investors but also for Boeing employees.

Thousands of Boeing workers will be receiving bonuses averaging more than two weeks pay because of the company’s healthy financial performance.

Boeing workers in its Commercial Airplanes division will receive additional pay equal to 14.75 days of extra wages while workers in the company’s corporate, defense and capital divisions will get 16 days of extra pay, said Boeing.

For Boeing engineers, whose average pay is about $112,000 a year, the bonus will amount to about $6,350 before taxes if they work

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Jan.
30th

Boeing beats analysts profit estimates, says its not counting on 787 battery problems having significant effect on 2013 earnings

Boeing Co. reported fourth quarter profits that beat analyst predictions by 9 cents a share today and predicted higher 2013 earnings without a significant hit from battery problems that have grounded its 787 fleet.

Boeing Chairman Jim McNerney told analysts that solving the battery issues that have kept 50 787 Dreamliners on the ground was the company’s “first order of business for 2013.” Those revolutionary planes have been ordered grounded after two fires, one in Boston and one in Japan, broke out in lithium ion batteries aboard two Dreamliners.

In the fourth quarter, Boeing reported net income of $978 million

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Jan.
29th

Analysts’ expected to target 787 woes as Boeing reports 2012 earnings Wednesday

Boeing will release its fourth quarter and 2012 earnings early Wednesday, but analysts’ attention is expected to focus not on Boeing’s 2012 results but on how the company may suffer financially because of battery woes with its 787 Dreamliner.

Two battery fires, a fuel leak and a cracked windshield this month in the 787 fleet have grounded the 50-plane fleet while Boeing and investigators in the United States and Japan look for the cause of those problems.

Some analysts are predicting the grounding and fixes necessary to restore the planes’ safety and reliability may cost Boeing between $350 million and

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Jan.
29th

Boeing dials up 737 production rate at Renton

Boeing raised the production rate of its best-selling jetliner, the single-aisle 737, to 38 a month today at its Renton plant.

The production pace increase from 35 to 38 is part of a phased speed-up that will ultimately have the plant building 42 of the twin-engine jets monthly by the end of next year. Boeing has sold more than 10,000 737s, the world’s best-selling commercial airliner.

Last year, Boeing received orders for 1184 737s,  more than 2.5 years of production at the 38-per-month production pace.

The company has two Renton assembly lines building commercial 737s and an adjacent assembly hall

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Jan.
29th

IRS tax filing begins Wednesday; check to see if you’re eligible for the EITC

For those of you who have been waiting to file your 2012 tax returns – Wednesday is your day. Following a brief delay, the Internal Revenue Service will begin accepting electronic and paper returns beginning on Jan. 30.

And while your at it, don’t forget to check to see if you are eligible for the Earned Income Tax Credit. Even if you are not required to file, you might consider sending in a return nonetheless in order to claim the credit and receive a refund.

The IRS estimates 20 percent of those people eligible for the credit fail to make

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Jan.
29th

Sea-Tac set new passenger and retail sales records in 2012

Seattle-Tacoma International Airport, buoyed by an influx of international passengers, set a new passenger traffic last year with 33.22 million passengers passing through the airport in 2012.

New figures from the Port of Seattle, the airport’s owner, show overall passenger traffic increased by 1.2 percent last year while international traveler numbers jumped by 8.8 percent.

Sea-Tac  was the nation’s 16th busiest airport in 2011. Figures from 2012 have not yet been compiled nationwide.

The airport says the record volume of passengers was reflected in record sales, $180 million, at airport retailers and vendors. Sales per boarded passenger rose to $10.91,

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