Blaming Greenspan: Alan Greenspan had testified before Congress dozens of times in his years as chairman of the Fed, but he never had an...
Blaming Greenspan: Alan Greenspan had testified before Congress dozens of times in his years as chairman of the Fed, but he never had an experience like this; rather than respectfully soliciting his wisdom as they once did, angry lawmakers bombard Greenspan with blame for his role in the current financial crisis.
Boeing-Machinists talks: Boeing executives and leaders of the Machinists union resumed talks to try to resolve the strike. The Thursday meeting, at the headquarters of the Federal Mediation and Conciliation Service in Washington, D.C., marked the 48th day of the walkout. The two sides were still talking into the early evening on the East Coast and had released no news of their progress.
Hedges fuel loss: Alaska Air Group swung to a third-quarter loss as the value of its fuel hedges declined along with oil prices. CEO Bill Ayer sees “an extremely challenging environment” ahead.
Mixed bag: Wall Street spent another session buffeted by volatility, closing mixed after investors wrestled with economic fears but also looked for bargains.
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- Fry's Electronics executive accused of embezzling $65 million
- Funky electronics chain Fry's is no more
- Alaska Airlines ordered to pay $3.2M to family of woman who died after escalator fall
White-space fight: Eight members of Congress are calling on the FCC to delay a Nov. 4 vote on a proposal to open up unused portions of TV airwaves known as “white spaces” to deliver wireless broadband services. The proposal is supported by public-interest groups and tech companies such as Google and Microsoft but has run into opposition from TV broadcasters.
Patent pact: ZymoGenetics will receive $21 million to settle a lawsuit it filed against Bristol-Myers Squibb, claiming it infringed on ZymoGenetics’ patents on Ig fusion proteins.
More layoffs: Metal-products manufacturer Worthington Industries said it will close a Renton metal-framing plant and lay off its 22 workers as part of a national cutback.
Compiled from Seattle Times staff and The Associated Press