Business

Business
Boeing 737s, many of which are MAX 8 and 9’s, parked next to the 737 factory in Renton on March 15, 2019. (Mike Siegel / The Seattle Times)

Boeing CEO denies any ‘technical slip’ in 737 MAX crashes, as grounding cuts into profit and cash reserves

Boeing CEO Dennis Muilenburg's remarks about the 737 MAX came as first-quarter earnings showed how the worldwide grounding of the plane has quickly rippled through Boeing's finances, depleting its cash reserve by nearly $1 billion in just the first three weeks.

Top Stories

The Hunts Point mansion that once housed hundreds of millions of dollars worth of art has sold for $37.5 million, the most in recorded history for a house in Western Washington.
Real Estate

Peek inside the Hunts Point mansion, famous for huge art collection, that sold for record $37.5 million

A sprawling waterfront estate that served as an art collector’s paradise has sold in Hunts Point for $37.5 million, smashing the record for the most expensive home sale in the Seattle area.  WATCH

Craig Lorch, right, one of the owners of electronics recycler Total Reclaim Inc., which is based in the Seattle suburb of Kent, Wash., walks towards a federal courthouse with attorneys John Wolfe, left, and Rebecca Gorn, center, Tuesday, April 23, 2019, in Seattle. Lorch and co-owner Jeff Zirkle were sentenced to 28 months in prison Tuesday for what prosecutors described as the largest known fraud of its type in the nation: a seven-year scheme to ship dangerous waste to Hong Kong, rather than safely handling it in the U.S. as promised. (AP Photo/Ted S. Warren) WATW102 WATW102
Business

Largest e-recycling fraud in U.S. history sends owners of Kent firm to prison

From consumers and business customers in Seattle and across the Northwest, Total Reclaim collected and shipped 8.3 million pounds of mercury-containing flat screen monitors to Hong Kong, while telling clients the electronics would be handled in an environmentally safe manner.

Red ink stamp markings on test paper at a factory in Chiba Prefecture, Japan, April 3, 2019. As Japan’s new emperor prepares to take the throne, costs are mounting as the country shifts to update software, revise forms and print new calendars to correspond with their ancient date system that honors each emperor’s reign. (Noriko Hayashi/The New York Times) XNYT94 XNYT94
Economy

Japan has a new emperor. Now it needs a software update.

It isn’t exactly Y2K, but the country is scrambling to reconcile its systems with the ancient demands of an imperial calendar.  VIEW Updated

Don't Miss

An Alphabet Inc. Google X Project Wing delivery drone sits on a charging pad at Virginia Tech in Blacksburg, Virginia, U.S., on Tuesday, Aug. 7, 2018. Project Wing aims to increase access to goods, reduce traffic congestion in cities, and help ease Carbon dioxide emissions. Photographer: Charles Mostoller/Bloomberg
Business

Google spinoff’s drone delivery business gets FAA approval

Workplace wellness programs barely move the needle, study finds. (Dreamstime/TNS)
Workforce

Workplace wellness programs barely move the needle, study finds

In this Thursday, April 18, 2019 photo, a man rests and reads the Bible while sitting across the street from the proposed site of a homeless shelter in San Francisco. The city of San Francisco, which has too little housing and too many homeless people sleeping in the streets, is teeming with anxiety and vitriol these days. A large new homeless shelter is on track to go up along a scenic waterfront area dotted with high-rise luxury condos, prompting outrage from some residents. (AP Photo/Eric Risberg) FX703 FX703
Business

San Francisco seethes over tech, housing and the homeless

A photo provided by Raymond Zhong of the Wangaofa Animal Husbandry Development Company in Shandong, China, which had to cull thousands of pigs this year after an outbreak of African swine fever. African swine fever, which harms pigs but not humans, has swept across the country, the world’s largest pork producer. And those are only the cases the government knows about. (Raymond Zhong via The New York Times) — NO SALES; FOR EDITORIAL USE ONLY WITH NYT STORY CHINA PIGS EPIDEMIC BY RAYMOND ZHONG AND AILIN TANG FOR APRIL 23, 2019. ALL OTHER USE PROHIBITED. — XNYT106 XNYT106
World

A vicious, untreatable killer leaves China guessing  VIEW

Boeing 737 MAX

Throttle controls are seen in the cockpit of a grounded Lion Air Boeing Co. 737 Max 8 aircraft at terminal 1 of Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 15, 2019. Sunday’s loss of an Ethiopian Airlines Boeing 737, in which 157 people died, bore similarities to the Oct. 29 crash of another Boeing 737 Max plane, operated by Indonesia’s Lion Air, stoking concern that a feature meant to make the upgraded Max safer than earlier planes has actually made it harder to fly. Photographer: Dimas Ardian/Bloomberg 775315808

Why Boeing’s emergency directions may have failed to save 737 MAX

A Boeing 737 MAX-8 airplane being built for Cayman Airways sits on the edge of the runway at the Renton Municipal Airport on November 7, 2018. The 737 factory is located at the north end of the airport. 208421

Grand jury subpoena shows sweep of criminal probe into Boeing’s 737 MAX certification

Just over seven weeks after it rolled out of the paint hangar, Boeing’s first 737 MAX “the Spirit of Renton” lifts off the runway and flew for the first time Friday, from Renton Municipal Airport at 9:48 a.m. January 29th, 2016.

Complete coverage of Boeing’s 737 MAX »

A row of Boeing 737 MAXs are parked along Lake Washington behind the 737 plant in Renton. Photographed on March 13, 2019 209611 209611

Flawed analysis, failed oversight: How Boeing and FAA certified the suspect 737 MAX flight control system

Technology

There are many tools for setting up two-factor authentication, a security mechanism that prevents improper access. (Glenn Harvey/The New York Times)

Protecting your Internet accounts keeps getting easier. Here’s how to do it.

Tech Reviews & Tips

Cellphone and robocall. (Teeradej Srikijvilaikul/Dreamstime/TNS)

How to stop robocall spammers and exact revenge

Real Estate

The Hunts Point mansion that once housed hundreds of millions of dollars worth of art has sold for $37.5 million, the most in recorded history for a house in Western Washington.

Peek inside the Hunts Point mansion, famous for huge art collection, that sold for record $37.5 million  WATCH

Retail

A customer looks at athletic apparel inside a Lululemon Athletica Inc. store at the International Finance Centre mall in Hong Kong, China, on Monday, June 22, 2015. Lululemon Athletica opened their first retail store in Hong Kong on June 19. Photographer: Xaume Olleros/Bloomberg

Lululemon sold women on $100 leggings. Now it’s coming after men, with $68 boxers.

Maritime Industry

The Holland America cruise ship sits in the Smith Cove Cruise Ternimal early in the morning, August 11, 2018. 207235

For crew of 2,100-passenger cruise ship, frenetic ‘turnaround day’ in Seattle starts and ends the journey

Boeing & Aerospace

Boeing 737’s, many of which are MAX 8 and 9’s in various stages of completion, are parked up and down the sides of the Renton Municipal Airport runway on March 15, 2019. 209629

Boeing acknowledges legal fallout from 737 MAX crashes, but skirts issue of criminal probe

Amazon

The 600 108th Ave. NE building in Bellevue, center, has been purchased by Amazon, as well as the adjacent parking structure to its east, foreground, Tuesday, April 23, 2019. 210027 210027

Amazon grabs large downtown Bellevue property next to transit hub

Amazonia

Thanks to Amazon, Seattle is now America’s biggest company town

Microsoft

Shown here is the Microsoft logo hanging beside an illuminated iCloud icon at the CeBIT 2017 tech fair in Hannover, Germany. (Krisztian Bocsi / Bloomberg)

Microsoft sales top estimates amid flurry of cloud wins

Starbucks

Starbucks CEO Kevin Johnson speaks Wednesday, March 20, 2019, at the company’s annual shareholders meeting in Seattle. (AP Photo/Ted S. Warren) WATW106 WATW106

Starbucks shareholder meeting had awkward moments, too

Economy

JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee during a hearing, Wednesday, April 10, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky) OTK OTK

Billionaires are worried about capitalism — they should look in a mirror | Jon Talton

Featured Columnist

Billionaires are worried about capitalism — they should look in a mirror

Times Watch

The outlook for the Puget Sound economy, in 20 charts

Personal Finance

Amanda and Alex Lacomb are in their early 30s. She’s an IT supervisor, and he works for Boeing, so they have bright futures. Their annual income exceeds $100,000 a year. They are also new parents with a newborn (James, 9 months) and a mortgage on a condo. Their debts add up to about $315,000. Now they’re trying to figure out how to manage their debt, save for the future and sort out a lot of competing priorities. Photographed Tuesday, April 9, 2019. 209850

Seattle couple’s dilemma: How could they afford a second child? Here’s what financial planners advised.

Markets

FILE- In this July 6, 2018, file photo prospective customers confer with sales associates as a Model 3 sits on display in a Tesla showroom in the Cherry Creek Mall in Denver. (AP Photo/David Zalubowski, File)

Tesla is back to losing money as revenue, cash and other key numbers tumble

Special Project

The FV Destination blasts through waves in the Bering Sea during the annual winter crab season.

NO RETURN: The final voyage of the Destination

International Trade

Wells Fargo’s interim CEO faces hecklers’ shouts of ‘frauds’

Wells Fargo & Co.'s critics stormed its annual meeting in Dallas, vowing to keep pressure on the bank even after the resignation of its chief executive officer. Investors, however, showed they're ready to move on. Interim Chief Executive Officer C. Allen Parker was interrupted more than a dozen times as he tried to deliver opening...

Most Read Business Stories

Latest business headlines

Climate activists block entrance to London Stock Exchange

LONDON (AP) — Environmental activists are blocking the main entrance to the London Stock Exchange after gluing themselves to the doorway while wearing LED displays reading "climate emergency." The Extinction Rebellion demonstrators also climbed on top of a Docklands Light Railway train at Canary Wharf station in east London as they focus on the city's...  VIEW