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The Seattle Times Business Digest
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Tuesday, July 1, 2008
Oil edges up in Asia, stays above $140
Oil prices edged higher Tuesday in Asia, staying above $140 a barrel, amid concerns about tensions between Iran and Israel and a weakening dollar.
 
Yahoo takes its defense against Icahn to investors
Yahoo began pressing a case to major shareholders Monday that its board and management deserve a chance to prove they made the right move...
 
ZymoGenetics gains access to $100 million
In a move to raise cash without selling more of its battered stock, ZymoGenetics announced Monday a deal to borrow up to $100 million from...
 
Crude tops $143 a barrel, briefly
The price of crude oil hit yet another record on the last day of a tumultuous first half, spurting past $143 a barrel before ending lower...
 
Damage to Boeing 787 fuselage piece at S.C. plant may delay flight tests
Boeing had pegged Dreamliner No. 4 as a turning point for its delayed 787 jet program. But now the crucial program has been set back by...
 
Lincoln Square expansion delayed
Kemper Development has pushed back the timetable for its proposed Lincoln Square expansion in downtown Bellevue by at least 15 months. The company had planned...
 
Business Digest
WaMu names new retail-bank chief
Pacific Northwest Washington Mutual said Monday it replaced the president of its retail banking division, James Corcoran. Stephen Rotella, WaMu's chief...
 
Critics blame Countrywide's Angelo Mozilo for housing fiasco
Angelo Mozilo struggled last week to bid farewell to No. 1 home lender Countrywide Financial, the company he led for 39 years, only to see...
 
Bill Gates Q&A: The challenges of running the Gates Foundation
Microsoft co-founder and Chairman Bill Gates talked with Seattle Times reporters Benjamin J. Romano and Kristi Heim in the days before he...
 
Boeing's stock slump cuts employee bonus payout
Boeing's share price continued its slump Monday, bringing down the expected payout from a company incentive plan to more than 80,000 current...
 
Oil sends stocks into a second-quarter slide
The biggest stock-market story in the just-concluded second quarter wasn't a stock, or even a stock index. The story was oil and how its...
 
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