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Category: Investments


Alaska Air Group board answers Wall Street’s incessant request with a dividend

SeaTac-based Alaska Air Group Thursday announced it will begin issuing a quarterly cash dividend next month.

The airline holding company will pay shareholder of record on Aug. 6 a 20-cent-per-share dividend on Aug. 22.

The holding company owns Alaska Airlines and its sister carrier, Horizon Air.  The dividend will be in addition the multi-year stock repurchase program the airline company has initiated.

Wall Street analysts, noting the airlines’ growing pile of cash in recent quarters have repeatedly quizzed the airline when it will begin distributing that money to shareholders in the form of a dividend.  Until Thursday, Alaska’s answer has

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Fitch ups ratings outlook on three Tacoma bonds

Heading in a better direction than in the past, three sets of City of Tacoma bonds have seen their outlook revised by the financial information company Fitch Ratings .

Fitch has declared that the outlook for the bonds has gone from “Negative” to “Stable.”

The bonds include:
• $21.8 million in unlimited tax general obligation bonds are stable with the rating “A+.”
• $185.2 million limited tax general obligation bonds are stable at “A.”
• $28.1 million convention center and parking revenue bonds are stable at “A+.”

Fitch upgraded its negative outlook because of several factors, according

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At last, investors are seeing the glass half full – but why do 10 percent with access to a 401(k) not participate?

Maybe it’s finally time to be optimistic.

The Wells Fargo/Gallup Investor and Retirement Optimism Index, released Thursday, rose to plus-43, a surge of 12 points since March and the highest level in two and a half years.

Investors are more optimistic about their ability to maintain incomes over the next 12 months, and optimism is especially high among non-retired investors at plus-45, the highest in two and a half years. Optimism also increased among retired investors, up 25 points since March to plus-32.

Among the data:

• Despite higher optimism, over half of investors, 54 percent, say they have

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News Tribune parent company reports first quarter results

The McClatchy Co., the California-based parent company of The News Tribune and The Olympian, this week reported first quarter losses of $12.7 million or 15 cents a share.

Part of those losses were driven by $8.1 million in losses related to debt refinancing and debt repurchases, the company said. Other factors included in the first-quarter results included $1.3 million after-tax losses incurred in relocating the company’s Miami newspaper operations and $1.4 million in severance payment after-tax losses.

Those results compared with 2012 first quarter losses of $2.1 million or two cents a share.

Total revenues in the first quarter were

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Tacoma’s TrueBlue reports higher revenues, but still records loss

Tacoma-based temporary labor provider TrueBlue Inc. today reported revenue increased some 11 percent in the first quarter of 2013 but a $1.5 million profit in last year’s first quarter turned into a $1.1 million loss for the first quarter this year.

First quarter revenues were $346 million  compared with $311 million for the same quarter in in 2012.

The first quarter this year included one-time costs associated with the acquisition of Florida-based MDT Personnel.  TrueBlue said the melding of the two companies’ operations is proceeding smoothly with full integration of operations on schedule for the second quarter this year.


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Boeing earnings up despite Dreamliner grounding, sequester

Boeing Co. earnings per share increased by 24 percent in the first quarter despite battery problems with its new 787 Dreamliner and the federal budget sequester which trimmed military spending.

Those earnings, which excluded certain variable pension expenses, were $1.73 a share, well above the $1.49 per share that was the consensus prediction by Wall Street analysts. Boeing shares, which closed Tuesday at $88.18 a share, surged above $90 a share in pre-opening trading this morning.

Boeing compensated for the freeze in Dreamliner deliveries in part with increased production and deliveries of its two biggest cash cows, the 777 and

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Interested in real estate development in downtown Tacoma? Come to the mayor’s Monday Mixer

It’s time again for the Monday Mixer, a quarterly meeting in downtown Tacoma meant for developers, investors, property owners, brokers and other real estate professionals.

Hosted by Tacoma Mayor Marilyn Strickland, the fourth such meeting will be held April 29 from 5 p.m. to 6:30 p.m. at the Hotel Murano, 1320 Broadway.

The Hotel Murano in Tacoma, 1320 Broadway. Photo by Peter Haley, staff photographer
The Hotel Murano in Tacoma, 1320 Broadway. Photo by Peter Haley, staff photographer

“This is about coming together to take a closer look at

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Tacoma’s Point Defiance Capital Management, run by three Russell Investment alums, gets international attention

A small investment fund run by three Tacomans out of a quiet office downtown is receiving international attention for best practices and performance.

Point Defiance Capital Management was recognized last week with a Global Emerging Manager Award, for its best practices and business success among young or small firms. PDCM put Tacoma on the list with the nine other winners, who run their businesses out of cities naturally associated with high finance: New York. London. Singapore.

“We’re still a very small firm but we try to have the infrastructure and procedures of a much larger firm and do it like,

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