Boeing To Scatter 777 Design Work To Several Sites
Boeing says much of the design work for a major overhaul of its 777 will be done outside of its main commercial airplane base in the Seattle area. The plan laid out in a memo to Boeing workers on Wednesday confirms suspicions that Boeing has been looking to move design work to engineers elsewhere.
The company says much of the design work will be done in Charleston, S.C.; Huntsville, Ala.; Long Beach, Calif.; Philadelphia and St. Louis. Some work will also be done in Moscow. The memo says no decisions have been made about how much of the plane will be built around Seattle. The current 777 is assembled in Everett, just north of Seattle. Boeing is expected to formally offer the plane for sale by the end of 2013.
Starbucks' profit climbs 34 pct in 4Q
Starbucks says its profit rose 34 percent in its fiscal fourth-quarter, as the coffee chain attracted more customers around the world. The Seattle-based company said global sales rose 7 percent at cafes open at least a year, including an 8 percent rise in both the U.S. and Asia. Starbucks Corp. has managed to keep growing through a mix of measures. It's adding items such as Evolution juices, revamped its food offerings and hiked prices over the summer. For the quarter, Starbucks said it earned $481.1 million, or 63 cents per share. Analysts expected 59 cents per share. A year ago, the company earned $359 million, or 46 cents per share. Revenue rose to $3.8 billion, but was short of the $3.81 billion analysts expected.
Asiana Airlines Starts Sea-Tac Cargo Service
Asiana Airlines started cargo service this week at Sea-Tac Airport with a Boeing 747-400 freighter. The Port of Seattle says the Asiana service is part of its long-term push to triple cargo volume at the airport. The port is spending more than $20 million to improve parking and apron space for air freighters and expanding the underground fueling system. Sea-Tac's air cargo trade with Asia increased more than 12 percent in 2012 thanks to exports of fruit, seafood and high-tech machinery. Air cargo trade increased only 2 percent overall as European cargo decreased. The port says Asiana is the sixth carrier with regularly scheduled service at Sea-Tac. FedEx is the largest, accounting for 43 percent of the volume.
New Amazon Shopping Site Supports Charity
Amazon has launched a new website for its online store that will donate a fraction of shoppers' purchase amounts to charity. Amazon.com Inc. launched the site, smile.amazon.com, on Wednesday. The world's largest online retailer says people will find the same items and the same prices that they would on its regular site or mobile app. Certain types of purchases, such as subscription renewals, are not currently eligible for donations. But the Seattle company will donate half a percent of the purchase amount to a charity of the shopper's choosing. Amazon says people can choose from nearly 1 million organizations around the U.S. for the donation. There is no cap on the total donation amount.
October 30, 2013/AP