business | KUOW News and Information

business

In San Francisco, companies will pay six-figure salaries to entry-level tech workers from all over the world. So this might come as a surprise: A public university there is laying off some of its own IT staff and sending their jobs to a contractor with headquarters in India.

Until recently, Hank Nguyen's daughter wanted to follow in his footsteps and work in tech. Last spring, she was accepted into the University of California system.

"She was inclined to take computer science and engineering," Nguyen says.

Unlucky crewmembers stranded on two big container ships of the bankrupt Hanjin line won't be home for Christmas, but that didn't mean the Christmas spirit bypassed them this week. The ships are being held indefinitely in the vicinity of Victoria at the behest of creditors.

This story was reported by Latino USA in collaboration with All Tech Considered. The audio version of this story aired earlier on Latino USA; it is embedded below.

Micaela Honorato is looking from the sidelines as boys from her after-school program take turns racing their hand-made hovercraft on a dirt field in a city park.

The monks at Assumption Abbey in Ava, Mo., were making concrete blocks when Father Cyprian Harrison joined the order in 1965. As demand for the blocks waned, the order explored other options to support the men who call the cloistered monastery home.

"After a lot of inner reflection, we decided [to get out of the concrete block business and start making] fruitcake. We only had to change the recipe a little," quips Harrison.

Backers of a liquefied natural gas project in southwest Oregon say they will try again to get federal approval now that the fossil fuel-friendly Trump administration is about to take power.

Last week, regulators effectively denied the Jordan Cove LNG terminal and pipeline application. But the incomingadministration has supporters hoping for a different outcome this time around.

The Canadian-owned Jordan Cove LNG project would transport natural gas to Coos Bay from sources in the Mountain West. It would then liquefy the gas and load it on ships bound for Asia.

Alaska Airlines management and workers received a lively, upbeat welcome on their rival’s home turf Wednesday when they flew to San Francisco to celebrate a merger closing. Alaska Air paid $2.6 billion to buy upstart Virgin America.

Now comes the hard work of integration.

Updated at 7:00 p.m. ET

Yahoo says hackers stole names, email addresses, phone numbers, dates of birth and encrypted or unencrypted security questions and answers from more than 1 billion accounts.

In a statement posted to its website on Wednesday, the company said it had "taken steps to secure user accounts and is working closely with law enforcement."

The statement continued:

The General Services Administration is pushing back against House Democrats' contention that President-elect Donald Trump would be breaching his lease on his latest hotel in the Old Post Office Building once he takes the oath of office on Jan. 20.

"GSA does not have a position that the lease provision requires the President-elect to divest of his financial interests. We can make no definitive statement at this time about what would constitute a breach of the agreement, and to do so now would be premature," the government agency said in a statement.

In the hours before it sank, crew members of the cargo ship El Faro struggled to find a safe course around an increasingly serious storm, according to a transcript from the ship's data recorder released Tuesday.

All 33 crew members died when the freighter sank near the Bahamas on Oct. 1, 2015, after sailing into the middle of Category 3 Hurricane Joaquin.

Exxon Mobil CEO Rex Tillerson, President-elect Trump's nominee for secretary of state, will have his Senate confirmation hearing in January. Before then, experts say, he'll have to think hard about how to divest from a company where he has spent his entire career.

Tillerson reportedly owns 2.6 million shares of Exxon Mobil stock, which would be worth about $240 million, as of the Wall Street close on Tuesday.

Iran Air has finalized its historic purchase of 80 U.S.-made passenger jets, signing a deal with Boeing that's the first of its kind since the overthrow of Iran's shah in the 1970s. U.S. officials approved the deal in September, months after Iran emerged from sanctions.

Flickr Photo/AaronHockley (CC BY-NC-ND 2.0)/https://flic.kr/p/eyWh9E

Kim Malcolm talks with Portland city commissioner Steve Novick about a new law designed to reduce income inequality. Publicly traded companies that do business in Portland will face a new tax if their CEO makes 100 times more than the average worker.

A view from inside a Boeing factory
Courtesy of Boeing

The Boeing Company plans to give $1 million to support President-elect Donald Trump's inauguration events.

The announcement comes just days after Trump's tweets about Boeing. He claimed that costs for building new Air Force One jets are out of control, and that orders for the 747s should be canceled.

The widening gap between rich and poor Americans has pushed the chances of children earning more money than their parents down to around 50 percent, economic researchers say. That's a sharp fall from 1940, when 90 percent of kids were destined to move up the income ladder.

Newspaper box for the Seattle Times, 2012.
Flickr Photo/Mr.TinDC (CC BY-NC-ND 2.0) http://bit.ly/2gKCGU9

“It’s not at all surprising.”

That was the reaction by David Boardman to the announcement by the Seattle Times that it will be reducing staff. The newspaper told staff in an email that it will be offering buyouts with the potential of layoffs after that.

Pages