Seattle Business Journal

02/03/2012

Slide show: Top 10 regional conventions and trade shows in Seattle

Conventions and trade shows impact the Puget Sound area economy to the tune of millions of dollars — and they attract millions of enthusiastic attendees from the region, nation and the world. Some of the more colorful events include the Northwest Flower & Garden Show and two conventions that welcome legions of costume-clad comics fans: Emerald City ComiCon and Sakura-Con. Other exhibitions cater to prospective college students, motorcycle lovers, and engaged couples planning weddings. The Puget Sound Business Journal has compiled a list of the top 24 regional conventions and trade shows staged at the Washington State Convention Center in 2011…
02/03/2012

Law firm accuses PI Bank of aiding fraud

A lawsuit filed by Seattle-based Shim Law Firm in King County Superior Court in late January accuses Seattle’s Pacific International Bank of aiding an admitted thief in embezzling $322,136 worth of checks from the firm. Paul Sabado, interim chief executive at P.I. Bank said in an email he didn’t have a comment at this time. According to the complaint, P.I. Bank cashed checks from an employee of the law firm that was part of a scheme by the employee to embezzle money. The suit says that employee, Veronica Pak, was charged with 105 counts of theft in King County Superior Court last fall as a result of the scheme and pleaded guilty to the charges…
02/03/2012

Boeing Puget Sound well-positioned for Defense Sec. Panetta's 'Air-Sea' strategy

As the Department of Defense hones its new “Air-Sea Battle” strategy for the future, The Boeing Co.’s Puget Sound production, and Boeing nationally, are well-positioned in comparison with other large defense aerospace contractors. In particular, Boeing’s work building P-8A submarine surveillance aircraft, a variant of the Boeing 737, will generate $29.2 billion from fiscal 2010 through fiscal 2016, said Ron Stearns, research director of aerospace consultancy G2 Solutions LLC. G2 Solutions, headquartered in Kirkland, Wash…
02/03/2012

Mastro creditors to get checks mid-month

U.S. Bankruptcy Judge Marc Barreca this afternoon granted a motion allowing $2.8 million to be disbursed to about 200 creditors of bankrupt Seattle developer Michael R. Mastro. Bankruptcy trustee Jim Rigby said unsecured creditors with allowed claims will be getting checks mid-month. Money will be set aside for unsecured creditors whose claims are yet to be determined. The money is coming from proceeds of the December 2010 sale of the Mastros’ waterfront Medina mansion for $9.1 million. In granting the motion, Judge Barreca ruled against Monaco businessman Hendrik Dorssers, a Mastro associate…
02/03/2012

Nearly 100 million in the U.S. now own smartphones

Google’s Android and Apple’s iOS both made gains in the number of mobile phones using the operating platforms in the U.S., while rivals Microsoft, RIM and Symbian slipped, according to comScore. Overall, smartphone adoption exploded during the 2011 holiday shopping season, much of it driven by Apple’s sale of 37 million iPhones last quarter. Forty percent of all mobile subscribers now own smartphones in the U.S. That’s 97.9 million people. Apple and Google operating systems now power 77 percent of the mobile phones in the U…
02/03/2012

Micron Tech CEO killed in airplane accident in Idaho

Micron Technology Inc. said its CEO Steve Appleton, 51, was killed in a small plane accident on Friday morning. The Boise-based company (NASDAQ:MU) makes advanced semiconductor technology. The company issue a statement: “Our hearts go out to his wife, Dalynn, his children and his family during this tragic time. Steve’s passion and energy left an indelible mark on Micron, the Idaho community and the technology industry at large.” The company said it would provide additional information later Friday…
02/03/2012

PSBJ poll: Majority favoring same-sex marriage legalization

With the Washington state Senate passing a bill to legalize same-sex marriage this week, the issue is a hot topic across the nation and even globally. Puget Sound Business Journal readers are certainly talking about it, judging by the results of an online PSBJ poll that asks the question, “Should same-sex marriage be legalized in Washington state?” This survey is not a scientific sampling but offers a quick view of what readers are thinking. So far, 1,580 readers have voted, a higher number than almost any poll in recent memory…
02/03/2012

Washington state Dems, GOP wrangle over education spending

Washington state Republicans and Democrats wrangled over education spending, with House Republicans Thursday offering a K-12 budget that they say is $580 million more for schools than Gov. Chris Gregoire’s proposal. The Olympian reports that Democrats in Olympia said they’ll kill the proposal because Republicans don’t say where they’ll get the money to fund their proposal.
02/03/2012

Quincy's Cave B Inn, winery to be auctioned in March

The iconic Cave B Inn & Spa and Cave B Winery in Quincy will be sold at auction March 15, along with some parcels at the SageCliffe Master Planned Resort. Located near the Gorge Amphitheater, Cave B Inn has 30 guestrooms, including 15 stand-alone “Cliffehouses,” a spa, a pool and the Tendrils fine-dining restaurant. The property is located at 344 Silica Rd. NW in Quincy. The SageCliffe Master Planned Resort parcels include vineyards, orchards, the Cave B Winery and 25 yurts that are located adjacent to the resort…
02/03/2012

Best in-house lawyers sought by PSBJ

There is less than one week left to help the Puget Sound Business Journal identify the best in-house counsel in Washington state for the 2012 Corporate Counsel of the Year Awards. Nominations are due Feb. 8. More than 1,000 members of the state’s legal community operate within the walls of corporations and nonprofit organizations. These attorneys rarely receive recognition for their efforts to protect and defend their companies and wrangle with complicated legal matters that help their local businesses — and the economy — thrive…