City Seattle Financial News

12.01 / 14:55

markets COST Citi CIBC performer reports CIBC said to explore selling off $316 million in U.S. office loans

Canadian Imperial Bank of Commerce is looking to off-load loans on struggling United States office properties.

12.01 / 10:19

Binance CEO country information reports travelers Courts U.S. Judge Denies Changpeng Zhao's Second Attempt to Travel Abroad

During the course of his protracted legal struggle in the United States, Changpeng "CZ" Zhao, who formerly served as the CEO of Binance, has encountered a serious setback. In response to Zhao's second request to fly outside of the country, a federal judge named Richard Jones of the United States District Court for the Western District of Washington in Seattle declined to grant his request. This determination was made as a part of the processes that took place prior to the sentence hearing for Zhao.

12.01 / 02:19

COST Provident CEO Software Schools Podcasts Videos Amazon's Audible is laying off 5% of its workforce, marking another round of job cuts in tech

online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the ecommerce giant's businesses this week as the technology industry continues to shed roles in the new year. In a memo sent to employees Thursday, Audible CEO Bob Carrigan said the company is in good shape, but faces an «increasingly challenging landscape.» «We did not take this route without considerable thought,» Carrigan said. «But getting leaner and more efficient is the way we will need to operate now — and in the foreseeable future — in order to continue delivering best-in-class audio storytelling to our customers around the world.»

11.01 / 20:53

Booking Airlines Boeing reports travelers guidelines Investigations Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections

Alaska Airlines is canceling all flights on Boeing 737 Max 9 planes until Saturday while it waits for new instructions on how to inspect and fix the planes

11.01 / 20:51

Platform security Inside Microsoft lets cloud users keep personal data within Europe to ease privacy fears

Microsoft says it is upgrading its cloud computing service to let customers store all personal data within the European Union instead of having it flow to the U.S. where national privacy laws don’t exist

11.01 / 02:11

Booking Airlines Boeing reports travelers guidelines Investigations Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections

Alaska Airlines is canceling through Saturday all flights on Boeing 737 Max 9 planes like the one that suffered an in-flight blowout of a fuselage panel last week as it waits for new instructions from Boeing and federal officials on how to inspect the fleet. The development came as signs indicate some travelers might try to avoid flying on Max 9 jetliners — at least temporarily.

10.01 / 19:27

UPS Action community consequences strain Relationships The Last of Us Part II: Here’s what happens with Ellie and Abby in the climax

The Last of Us Part II unfolds, it not only grapples directly with the aftermath of Joel's choices but does so with heightened moral and emotional complexity, sparking controversy upon its release.

10.01 / 17:59

UPS Manufacturing CEO Remark Boeing Boeing CEO admits mistake in 737 address

Boeing chief executive officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings as it grapples with a safety incident that has renewed questions over the quality of its manufacturing. «We're going to approach this — No. 1 — acknowledging our mistake,» Calhoun told Boeing employees Tuesday during a companywide meeting at its 737 aircraft factory near Seattle. «We're going to approach it with 100% and complete transparency every step of the way.»

08.01 / 22:48

Platform Netflix awards Patrick love show Suits spinoff: Mike and Rachel together again? Here’s what Patrick J. Adams said about the series and Meghan Markle

Patrick J. Adams, renowned for his role in Suits, has openly expressed his eagerness to collaborate with former co-star Meghan Markle once again. Attending the 2024 Golden Globes, Adams lauded Meghan's acting prowess and extended a warm welcome to her potential return to the industry.

08.01 / 20:01

FIVE Aviat Airlines Boeing reports testing prevention Boeing still hasn't fixed this problem on Max jets, so it's asking for an exemption to safety rules

Boeing wants an exemption from federal safety standards for an anti-icing system on its new, smaller version of the 737 Max airliner

07.01 / 14:42

UPS Reuters Manufacturing Airlines Boeing Investigations Spirit Aero made blowout part but Boeing has key role -sources

By Valerie Insinna, Tim Hepher and David Shepardson

07.01 / 01:15

markets UPS Citi FIVE Research show fall Soda taxes made sugary drink prices rise and sales fall in cities that tried them, study finds

Rensi sounds off on soda tax

06.01 / 22:33

Fighting Bill trends week NFL week 18 may decide NFC South, AFC East, AFC South, NFC East divisions. Here's How

NFL week 18 games will decide four division titles which are NFC South, AFC East, AFC South, and NFC East. In the NFC South, Saints, Buccaneers, and Falcons still have the chances. For AFC South, Texans, Colts and Jaguars are fighting. NFC East can be won by Dallas Cowboys. AFC East division can be decided in Miami Dolphins versus Bills.

06.01 / 20:00

FIVE Aviat Airlines Boeing reports prevention Boeing seeks exemption for 737 Max model from critical safety standard

Boeing is asking federal regulators to exempt a new model of its 737 Max airliner from a safety standard designed to prevent part of the engine housing from overheating and breaking off during flight. Federal officials said last year that Boeing was working to fix the hazard on current Max planes. In the meantime, they told pilots to limit use of an anti-icing system in some conditions to avoid damage that «could result in loss of control of the airplane.» Without a fix ready, Boeing asked the Federal Aviation Administration last month for an exemption to safety standards related to engine inlets and the anti-ice system through May 2026. Boeing needs the exemption to begin delivering the new, smaller Max 7 to airlines.

01.01 / 18:34

Digital Manufacturing Enterprise President country cover travelers Microsoft India looks to demystify AI to push business adoption

Microsoft India president Puneet Chandok has set for himself, to accelerate the Seattle-headquartered technology giant's cloud and artificial intelligence push in the country. “The plan in the next 90 days is to do 100 boardroom conversations with top enterprises in India and demystify AI,” Chandok told ET in his first media interview after joining the company in September. He added that he had already met 100 customers over the last 100 days.

01.01 / 07:21

Binance CEO prevention Binance CEO 'CZ' Changpeng Zhao steps down and pleads guilty to anti-money laundering charge

The founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty on Tuesday to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion (€3.6 billion) following an investigation by the US government.

30.12 / 13:18

Binance CZ Former Binance CEO Changpeng Zhao Barred from Travel by US Judge

Former Binance CEO Changpeng Zhao, commonly known as CZ, has been blocked from traveling again as his sentencing for criminal charges approaches in late February.

28.12 / 12:51

IPO CEO President stage Customers US online retailer Zulily says it will go into liquidation, surprising customers

The U.S. ecommerce company Zulily says it is closing down, surprising customers, after efforts to salvage the business failed

28.12 / 10:08

Google Platform Honeywell President country social exclusive 2023 Year in Review | who’s in, who’s out: the biggest executive moves in Indian tech & startup sector

This year, Microsoft’s India president Anant Maheshwari left the Seattle-headquartered firm’s India operations after seven years to return to technology conglomerate Honeywell, where he worked between 2004 and 2016.

27.12 / 16:44

IPO Digital CEO President stage Customers US online retailer Zulily says it will go into liquidation, surprising customers

online retailer Zulily is closing down, surprising customers and laying off hundreds of workers after efforts to salvage the business failed. The Seattle-based company said in a notice on its website that it had tried to fill all pending orders and expected to manage that within the coming two weeks. Zulily said it was trying to ensure that orders that could not be filled were cancelled and refunded and offered a contact for customers who did not get their orders or refunds.

24.12 / 08:07

Twitter Binance Digital Platform Strategy show Department The Crypto Queen Pulling the Strings at Binance

U.S. authorities toppled the king of crypto. But the queen is still standing.

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