Business

Business Ryanair keeps growing, reports record profits

By SHAWN POGATCHNIK, Associated Press Published: May 20, 2013 at 8:19 AM PDT Last Updated: May 20, 2013 at 8:19 AM PDT

Ryanair reported record profits Monday as Europe's largest budget airline relentlessly expanded its route network across the continent and into North Africa.

Business Tons of New Zealand meat stranded on Chinese docks

By NICK PERRY, Associated Press Published: May 20, 2013 at 8:17 AM PDT Last Updated: May 20, 2013 at 8:17 AM PDT

Hundreds of tons of frozen mutton, lamb and beef from New Zealand have been stranded on Chinese docks after China halted their import due to a certification dispute.

Business Chase Bank's Dimon under pressure ahead of investor vote

By CHRISTINA REXRODE,AP Business Writer Published: May 19, 2013 at 2:15 PM PDT Last Updated: May 19, 2013 at 2:15 PM PDT

Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.

Business US gas prices up 11 cents over past 2 weeks

By Associated Press Published: May 19, 2013 at 2:04 PM PDT Last Updated: May 19, 2013 at 2:04 PM PDT

The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98.

Business AP CEO calls records seizure unconstitutional

By PHILIP ELLIOTT, Associated Press Published: May 19, 2013 at 3:07 PM PDT Last Updated: May 19, 2013 at 3:07 PM PDT

Gary Pruitt, in his first television interviews since it was revealed the Justice Department subpoenaed phone records of AP reporters and editors, said the move already has had a chilling effect on journalism.

Business Silicon Valley-area hub becomes factory town

By MARTHA MENDOZA, AP National Writer Published: May 18, 2013 at 2:56 PM PDT Last Updated: May 18, 2013 at 2:56 PM PDT

Fremont, Calif., a nondescript suburb of 217,000 tucked in the high-tech region between San Francisco and the Silicon Valley is where something unique is happening: manufacturing.

Business Politics, bribery charges swirl around Ugandan oil

By RODNEY MUHUMUZA, Associated Press Published: May 18, 2013 at 3:49 PM PDT Last Updated: May 18, 2013 at 3:49 PM PDT

Uganda, which has confirmed oil deposits of about 3.5 billion barrels, wants to extract at least 1.2 billion barrels over the next three decades.

Business Report: Yahoo nearing $1.1B acquisition of Tumblr

By Associated Press Published: May 18, 2013 at 12:56 PM PDT Last Updated: May 18, 2013 at 12:56 PM PDT

The Sunnyvale, Calif., company's board of directors will meet Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr

Business Rising consumer demands aids organic industry sway

By MARY CLARE JALONICK, Associated Press Published: May 17, 2013 at 9:43 AM PDT Last Updated: May 17, 2013 at 9:43 AM PDT

Tensions between conventional and organic agriculture boiled over this week during a late-night House Agriculture Committee debate on farm legislation that for decades has propped up traditional crops and largely ignored organics.

Business Bernanke forecasts long-term economic gains from computer tech

By MARTIN CRUTSINGER ,AP Economics Writer Published: May 18, 2013 at 1:08 PM PDT Last Updated: May 18, 2013 at 1:08 PM PDT

Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.

Business Seattle's Tableau Software raises $254.2M in IPO

By Associated Press Published: May 17, 2013 at 9:48 AM PDT Last Updated: May 17, 2013 at 9:48 AM PDT

Shares of Tableau Software Inc., which provides software that helps businesses convert data into visual presentations, soared Friday.

Business Gauge of US economy's future health up in April

By MARTIN CRUTSINGER,AP Economics Writer Published: May 17, 2013 at 4:19 PM PDT Last Updated: May 17, 2013 at 4:19 PM PDT

A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.

Business Syrian hackers compromise Financial Times blogs, Twitter feeds

By RAPHAEL SATTER,Associated Press Published: May 17, 2013 at 9:50 AM PDT Last Updated: May 17, 2013 at 9:50 AM PDT

A clutch of blogs and Twitter accounts maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army

Business Unemployment falls in 40 US states, rises in 3

By CHRISTOPHER S. RUGABER, AP Economics Writer Published: May 17, 2013 at 10:30 AM PDT Last Updated: May 17, 2013 at 10:02 AM PDT

Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country.

Business Boeing begins selling its new P-8 'sub killers' overseas

By Steve Wilhelm PUGET SOUND BUSINESS JOURNAL Published: May 17, 2013 at 5:00 AM PDT Last Updated: May 16, 2013 at 9:04 PM PDT

When Boeing delivered its first P-8 "submarine killer" to India's navy May 15, the delivery added an international customer to what is already Boeing's largest active military project in the Puget Sound region.