Business

International trade disputes used to be relatively simple.

One country would build up an industry to create jobs, and then dump excess products in another country at below-cost prices. Competitors facing unrealistically cheap imports would file "anti-dumping" complaints to seek government-backed protections.

It's been a good week for employees of Chobani. They learned that they could eventually own about 10 percent of the rapidly expanding Greek yogurt company. That could potentially make millionaires of some workers, if the privately held company is sold or goes public.

It's a grand gesture, and reflects a rising trend in employee ownership.

Half of the workplace deaths involved people over the age of 50 – not people who died of heart attacks, but people who fell or injured themselves on the job.
KUOW photo

Worker Memorial Day, the day Washington State honors people who lost their lives on the job, is this Thursday.

The grocery industry is calling it quits on a potential ballot measure that would have privatized liquor sales in Oregon. Currently, hard liquor like whiskey, vodka and gin can only be sold in state-chartered stores.

Grocers want to be able to sell it along with their current selections of beer and wine, but the industry group behind the effort said Wednesday they won't collect any more signatures for the initiative.

The latest results of the test known as the Nation's Report Card are in. They cover high school seniors, who took the test in math and reading last year. The numbers are unlikely to give fodder either to educational cheerleaders or alarmists: The average score in both subjects was just one point lower in 2015 compared with the last time the test was given, in 2013. This tiny downtick was statistically significant in mathematics, but not for the reading test.

But even though the changes are small, chances are you're going to be hearing about them in a lot of places.

Port of Vancouver commissioners signed an amended lease Tuesday with the backers of an oil terminal at the port.

If built, the Vancouver Energy Project could be the nation’s largest oil-by-rail terminal in the country. The project is a joint venture between Tesoro Corp. and Savage Companies. It would move crude oil from the Bakken region of North Dakota to ports along the West Coast.

The re-negotiated lease gives the project’s backers more time to receive state approval. The oil terminal backers signed the amended lease April 22.

A flyer from the Northwest Accountability Project carries this awkward photo of Tom McCabe, CEO of the Freedom Foundation, which does work to undermine unions.
Flyer from Northwest Accountablity Project

Late last year, some Washington residents received a flyer that looked leftover from election season.

It featured unflattering photos of someone named Tom McCabe and accused him of embracing “right-wing extremism.” But he wasn’t running for office.

Steve Ballmer, former CEO of Microsoft, walks past a projected display showing Bill Gates, lower left, and himself, during a discussion of Nokia's Lumia 920, equipped with Microsoft's Windows Phone 8, Sept. 5, 2012 in New York.
AP Photo/Mark Lennihan

Microsoft stock is taking a hit after failing to deliver on financial market expectations. One reason is the Windows Phone. 

The company reported  its earnings after markets closed, saying quarterly profit was 62 cents per share. Analysts had expected 64 cents per share. The stock fell by about 5 percent to almost $53 in after-hours trading.

Uber drivers will stay independent contractors, not employees, in California and Massachusetts, just as the ride-booking company had maintained they were. Uber is settling class action lawsuits by drivers in the two states for a maximum of $100 million.

In a statement, the company says it will pay the plaintiffs $84 million, plus another $16 million if Uber goes public and within a year increases in value by one and a half times over its worth in December.

File Photo Courtesy Boeing

The 787 Dreamliner has been billed as Boeing’s “game changing” plane, with fuel efficiency that would help Boeing win its competition with Airbus.  Now Wall Street is starting to give up on a profit for the plane.

Alaska Airlines executives sounded upbeat after their first meeting with antitrust regulators about Alaska's proposed acquisition of rival Virgin America.

"So far, so good" was Alaska Air General Counsel Kyle Levine's summary of how the initial meeting with the U.S. Department of Justice went.

The Tesoro refinery in Anacortes, one of Washington's top 10 sources of greenhouse gases.
Flickr Photo/Scott Butner (CC BY NC ND 2.0)/https://flic.kr/p/e4EJ5B

The Tesoro oil refinery in Anacortes, Washington, is getting hit with more fines.

This time, the Environmental Protection Agency wants the refinery to pay about $720,000 for safety violations.

The proposed mosque in Mukilteo.
Islamic Center of Mulkiteo

The Mukilteo businessman who sent postcards throughout his city, warning about a new mosque now says it was a bad idea. 

China has gotten very good at making steel. And making it and making it and making it.

In fact, that "excess" production is causing such a crisis for the global steel industry that the United States is joining an international push to try to cut the glut.

Seattle City Councilmember Kshama Sawant meets with reporters after the vote to phase-in a $15 minimum wage June 3, 2014.
KUOW Photo/Deborah Wang

Seattle's $15 minimum wage law doesn't fully take effect until 2021, but a new report gives a glimpse of its impacts so far.

The City Council was briefed Monday on a study done through the University of Washington which shows 80 percent of employers questioned plan to comply with the law and raise their wages. But 11 out of 100 businesses plan to withdraw from Seattle and/or contract out their work.

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