KOMO - News - Business http://www.komonews.com/news/business RSS Feed for KOMO - News - Business en-us Fri, 03 Jul 2009 22:47:35 GMT Post-Enron, local utility cultivates own energy http://www.komonews.com/news/business/49889412.html The feisty utility that uncovered audiotapes of Enron Corp. traders discussing gouging "poor grandmothers" is hedging its bet against another energy crisis. British Airways to cut capacity, delay new planes http://www.komonews.com/news/business/49887817.html British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers. Mountain of debt: Rising debt may be next crisis http://www.komonews.com/news/business/49874502.html The national debt stands today at a staggering $11.5 trillion - equivalent to over $37,000 for each and every American. And it's expanding by over $1 trillion a year. The mountain of debt easily could become the next full-fledged economic crisis without firm action from Washington. European markets take breather with US on holiday http://www.komonews.com/news/business/49874282.html European stock markets steadied themselves Friday after big losses the previous day, when weak U.S. jobs data reinforced doubts about recovery in the world's biggest economy. Wall Street was closed for the Independence Day holiday. Judge OKs continued freezing of financier's assets http://www.komonews.com/news/business/49874047.html A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars. States set to ring in Independence Day sans budget http://www.komonews.com/news/business/49873967.html Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place. Web retailers, states tussle over tax rules http://www.komonews.com/news/business/49705257.html In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence. Increasingly, states aching under the weight of the recession are seeking a way around that rule. Boeing will have to compete on big Army contract http://www.komonews.com/news/business/49696827.html Boeing Co. will have to compete for work on part of the Army's modernization plan following the service's decision to break up the giant contract that the company managed. National jobless rate jumps to 9.5 percent http://www.komonews.com/news/business/49696617.html Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy. Factory orders rise more than expected in May http://www.komonews.com/news/business/49696472.html Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.