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Seattle Post-Intelligencer: Business News
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Read business stories from seattlepi.com
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Striking Machinists stand firm
Saturday was day one of a strike against Boeing by Machinists, whose nearly 28,000 members, most of them in the Puget Sound area, had voted overwhelmingly for the second walkout in three years.
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The strike is on at Boeing
Although its order books are full of planes to build for eager customers around the world, The Boeing Co. was shutting down its jetliner production in the Puget Sound area as its biggest union hit the picket lines early Saturday morning.
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Workers at Todd Pacific nix contract a second time
The work force at Seattle's largest private shipyard, Todd Pacific, voted down a new contract for the second time since its old contract expired July 31. Negotiations are to resume Monday.
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Google reigns as the world's most powerful 10-year-old
Success was hardly assured for two Stanford University graduate students and their nascent search engine, operated from a couple of cramped dorm rooms and burdened with a goofy name. But their brainchild, Google, incorporated 10 years ago, has blossomed into one of the world's most valuable businesses.
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Of Mutual Interest: U.S. and world markets both still viable
While Wall Street is still debating which economies abroad might join the U.S. in a slowdown, investors shouldn't wait for an answer.
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Surviving a foreclosure cushioned by planning
These days, record-breaking foreclosure statistics are coming out with numbing frequency. But what happens to the thousands of families after their personal financial disaster is added to the mounting national count?
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State mortgage woes grow worse
Washington mortgage delinquencies and foreclosure rates as a whole rose faster than those of the U.S. last quarter but remained far below the national rates, according to a new report.
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Freddie, Fannie bailout nears
WASHINGTON -- Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said.
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Small Retail: They've got your hammer
There is no place in Seattle like Hardwick's, a University District hardware store offering what must be the largest selection of hammers under one roof, plus much (much) more.
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Unemployment rate passes 6% with no relief in sight
WASHINGTON -- The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years -- and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans pick a new president.
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Which candidate feels pain of U.S. economy?
MUCH OF the mudslinging this presidential year centers on which candidate best understands the financial issues of the working class.
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Business Briefing
General Electric informed it may be fined by SEC ... Bank of America joins group buying back risky securities ... also, shipping news.
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