English

The Seattle Times / Business / Technology

Today News

01

FBI: Reboot your router to stop Russia-linked malware

www.seattletimes.com

An analysis by Talos, the threat intelligence division for the tech giant Cisco, estimated that at least 500,000 routers in at least 54 countries had been infected by the malware, which the FBI and cybersecurity researchers are calling…

Sunday, May 27

21

Oral injuries lead to recall of Spam, other Hormel product

www.seattletimes.com

AUSTIN, Minn. (AP) — The U.S. Department of Agriculture is recalling more than 228,000 pounds of Spam and another product made by Minnesota-based Hormel after four consumers complained about metal objects in the food. The USDA’s Food…

20

Auction of private lunch with Warren Buffett starts Sunday

www.seattletimes.com

OMAHA, Neb. (AP) — The bidding for a private lunch with investor Warren Buffett begins at the relative bargain of $25,000, but by the end of the week the price is likely to top $2 million again. The high price people are willing to pay for…

19

Brazilian truckers strike enters its 7th day

www.seattletimes.com

SAO PAULO (AP) — A strike by Brazilian truckers that has caused shortages at gas stations and supermarkets across Latin America’s biggest country has entered a seventh day with no immediate solution in sight. Anger over rising diesel…

18

‘Solo’ sputters in takeoff with $83.3M at box office

www.seattletimes.com

NEW YORK (AP) — In the largest disturbance yet in Disney’s otherwise lucrative reign over “Star Wars,” the Han Solo spinoff “Solo: A Star Wars Story” opened well below expectations with a franchise-low $83.3 million in ticket sales over…

Ex-Arizona regulator charged with bribery heads to trial

www.seattletimes.com

PHOENIX (AP) — About six years ago, an elected Arizona utility regulator who is now accused of accepting bribes had $31,000 funneled to him from a water company owner and tried to get the owner to buy him a $350,000 piece of land,…

17

Indiana nonprofit aids businesses with beautification funds

www.seattletimes.com

INDIANAPOLIS (AP) — An Indiana nonprofit group is helping small businesses get off the ground through grants that pay for sprucing up their facades with fresh paint, business signs, lighting and other improvements, which make new…

16

UI Chancellor: Chicago will add resources the university

www.seattletimes.com

CHAMPAIGN, Ill. (AP) — University of Illinois’ chancellor says expanding the university’s presence to Chicago won’t drain resources from Champaign-Urbana, saying two new initiatives there will do “just the opposite.” Chancellor Robert…

Vacant for decades, Detroit’s train station may get new life

www.seattletimes.com

DETROIT (AP) — The last train left Michigan Central Station 30 years ago and it has stood vacant ever since, a hulking embodiment of Detroit’s long decline from America’s manufacturing engine to its biggest municipal bankruptcy. The 105…

6 air fields cited as ‘Airport of the Year’ by IDOT

www.seattletimes.com

SPRINGFIELD, Ill. (AP) — Six air fields have been selected as winners of the Illinois Department of Transportation’s Airport of the Year for 2018. Honors were given this past week by Gov. Bruce Rauner at the Illinois Aviation Conference in…

8 finalists selected in Midtown design strategy competition

www.seattletimes.com

DETROIT (AP) — Eight firms have been selected as finalists in a competition to develop an urban and landscape design strategy connecting the 12 educational and cultural institutions in Detroit’s Midtown. Public presentations in the DIA…

15

Coal industry praises Northam decision to sign tax credit

www.seattletimes.com

RICHMOND, Va. (AP) — Southwest Virginia lawmakers and coal industry representatives see hope for economic development in Gov. Ralph Northam’s decision to sign a bill reinstating a pared-down tax credit for certain coal producers, but…

12

Huge lightning storms in UK disrupt travel at London airport

www.seattletimes.com

LONDON (AP) — British meteorologists said thousands of lightning strikes hit the U.K. during a powerful overnight thunderstorm, and a London-area airport reported flight disruptions Sunday after an aircraft refueling system was damaged.…

04

Armed groups threaten Canadian-owned mine in northern Mexico

www.seattletimes.com

MEXICO CITY (AP) — Workers at a Canadian-own silver and gold mine in northern Mexico say they are afraid to leave the mine encampment because of threats by armed groups. A worker told The Associated Press that supposed members of an…

01

Plans to arm teachers may face big roadblock

www.seattletimes.com

Kansas has a problem: It has a law allowing teachers to carry guns in the classroom, but almost no schools are using it because insurance companies refuse to provide coverage if they do. As EMC Insurance, the largest insurer of schools in…

Saturday, May 26

00

Court: Gov’t violated privacy law for defrauded students

www.seattletimes.com

WASHINGTON (AP) — A federal court has ruled that the Education Department violated privacy laws with regard to students defrauded by the Corinthian for-profit college chain. In a break with Obama administration policy, Education Secretary…

21

Amid anti-immigrant sentiment, some Spanish speakers wary

www.seattletimes.com

PHOENIX (AP) — Until recently, Lilly Mucarsel has spoken Spanish just about everywhere since arriving in the United States from Ecuador three decades ago: at the library, the movies, the grocery store. She raised three daughters who also…

18

Egypt’s top court orders temporary suspension of YouTube

www.seattletimes.com

CAIRO (AP) — An Egyptian court has ordered the suspension for one month of video-sharing website, YouTube, and others sharing a video found to be insulting the Muslim Prophet Mohammed. The Supreme Administrative Court’s ruling on Saturday…

Financial apps have their good sides and bad sides

Research from George Washington University shows that the people using mobile payments are more likely to overdraw their accounts, to pay late fees on credit cards and other bills and to take early withdrawals from retirement accounts.

Is it time to harvest your home equity?

www.seattletimes.com

TransUnion anticipates 10 million homeowners will open a home equity line of credit (HELOC) between this year and 2022, up from the 4.8 million HELOCs opened between 2012 and 2016.

The Motley Fool: To sell or not to sell stocks

www.seattletimes.com

ASK THE FOOL After doubling, what? Q: When one of my stock holdings doubles in value, would it be smart to sell it and buy a different stock that looks more undervalued? A: Maybe — but maybe not. Focus more on how overvalued or undervalued…

Dodd-Frank change could make it easier to get a mortgage

www.seattletimes.com

Many lenders say the mortgage laws have become too restrictive for them to make mortgages outside of the so-called Qualified Mortgage rule.

The smart money bought what consumers sold during market correction

www.seattletimes.com

Institutional ownership of S&P 500 members rose 3.28 percent over the past six months, while insider holdings increased by 5.46 percent.

17

Empty stores, shuttered gas posts in Brazil truckers’ strike

www.seattletimes.com

RIO DE JANEIRO (AP) — A truckers’ strike in Brazil left a patchwork of empty gas stations and barren supermarket shelves Saturday as drivers appeared unmoved by the government’s threats to use force or fine people who didn’t comply. Police…

PepsiCo’s Nooyi, Ventas’s Cafaro among top-paid female CEOs

www.seattletimes.com

Here are the 10 highest-paid female CEOs for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 339 executives at S&P 500 companies who have served at least two full…

16

Vintage denim: 125-year-old Levis sell for nearly $100K

www.seattletimes.com

PORTLAND, Maine (AP) — A buyer with a penchant for vintage denim has plunked down nearly $100,000 for a pair of truly vintage jeans that come from the American Old West. The 125-year-old Levi Strauss & Co. blue jeans, which failed to sell…

Diana Rhea, Boeing’s longest-serving employee and an early female manager, dies at 96

www.seattletimes.com

Diana Rhea loved working and loved Boeing. She combined those loves for 75 years, starting in 1942 as a 20-year-old clerk-typist and retiring last year at 95. Ms. Rhea died Wednesday at 96.

Seattle head tax adds delay to King County effort to fight homelessness, Dow Constantine says

www.seattletimes.com

A regional approach to fight homelessness was delayed by Seattle’s business head tax, said King County Executive Dow Constantine.

Bitcoin backlash as ‘miners’ suck up electricity, stress power grids in Central Washington

Bargain electric rates are attracting digital currency entrepreneurs, but three public utilities districts are reassessing how they deal with the surging demand, and whether they should even try to keep up. Residential customers, meanwhile…

3 decades selling tie-dyed T-shirts at the Market: Peace symbol still matters

www.seattletimes.com

Fran and Arun Das have been selling tie-dyed T-shirts at Pike Place Market for 32 years. Even as hippies get older, peace, love and understanding never go out of style.