Pacific Northwest ...
Weyerhaeuser announced on Monday its fourth facility closure in a month, saying it has shut down a veneer and plywood operation in Wright City, Okla., effective immediately.
About 250 positions will be eliminated. Roughly 100 of those employees were laid off earlier this year after a building housing the plywood presses collapsed.
Last week, the Federal Way-based forest-products giant said it would close two mills in Washington — a large-log sawmill in Aberdeen and a specialty pulp mill in nearby Cosmopolis. Earlier this month, it announced the indefinite closure of a pulp and paper facility in Saskatchewan.Boeing
Lockheed deal needs more review
Lockheed Martin and Boeing said Monday that the Federal Trade Commission (FTC) has asked for more information in its antitrust review of a proposed joint satellite-launch company.
The two defense contractors said in a joint statement that they believed the FTC needs additional time to review the United Launch Alliance.
It marks the second time federal regulators have postponed a decision on the venture.
Lockheed and Chicago-based Boeing submitted antitrust filings in August, then resubmitted them in September to allow for additional FTC and Defense Department review.
A 30-day window for that review was set to expire Monday.
Company lands venture capital
Seattle-based Zillow.com, which is developing an online real-estate service, said Monday that it raised an undisclosed amount of venture capital from Benchmark Capital and Technology Crossover Ventures.
The round is the first time Zillow raised money outside the company. In July, directors and employees invested $6 million.
The company is being started by Rich Barton, who previously founded Expedia, and Lloyd Frink, a former senior vice president at Expedia.
In addition to not saying how much money it raised, Zillow also is not releasing any details about what it does or when the service will launch.
As part of the financing, Bill Gurley, Benchmark’s general partner, and Jay Hoag, Technology Crossover’s founding general partner, will join Zillow.com’s board.
Compiled from Seattle Times business staff and The Associated Press