Friday, 24 May, 2019

Business

Supreme Court will hear disgraced ex-banker’s securities fraud case

Disgraced former investment banker Francis Lorenzo — who in high school was caught stealing a salami sandwich from a convenience store — won the right on Monday to have the Supreme Court hear his 2015 securities fraud case.

If Lorenzo is successful, the high court could narrow regulators’ ability to bring securities fraud cases on Wall Street.

Same business, new drivers

  • Jun 25, 2018
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Chappells take over Bagott Motors, aim to keep Palouse engines humming
PALOUSE – fter nearly 90 years in the family, Bagott Motors, a landmark in the city of Palouse, has changed hands but remains a family business.

New owner Charlie Chappell, a 28-year-old former diesel mechanic, said he and his wife KaeCie, 27, finalized the purchase May 1. The couple said they are running the business as co-owners.

Blokable builds on idea

  • Jun 25, 2018
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Bloks built in Vancouver to become affordable housing communities

This summer is shaping up to be a big one for Blokable, the Seattle construction technology company that hopes to upend the market for new affordable housing.

After escorting Gov. Jay Inslee around its 50,000-square-foot plant in Vancouver this month, executives say the company will soon launch its first housing developments: one in Edmonds, and another in Auburn.
The projects will put to the test technology that Blokable has spent two years honing. At its Vancouver plant, machines help mass produce steel-framed units — called bloks — that it will then ship to site, where they quickly can be hooked to utilities and readied for occupancy.

Biz View: Lessons gleaned from fast food architecture

  • Jun 25, 2018
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You may have noticed fast food restaurants are no longer what they used to be. They no longer shout at you in bright colors and cheap plastic interiors. They now boast a more urbane look, distinguished, as it were, by a careful confluence of wood and stone, but also a sophisticated articulation between, say, a window sill and an interior wall.

What is going on? When did fast food restaurants care about the finer things in life? When did they care to slow down and have us appreciate our surroundings? To be sure, they still sell fast things, fast burgers and fast fries, but they also clearly want us to enjoy our time and use the space to meet and collaborate.
In an interview with BuzzFeed, Max Carmona, McDonald’s senior director of US restaurant design, admits the company has “moved away from a cafeteria feel to a more comfortable, and in some ways, intimate restaurant.” He goes on to mention the way proper lighting can improve the look and even taste of food and, of course, the people with whom we share a meal.

Baking up an award-winning idea

  • Jun 25, 2018
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UI students earn money to start Nomadic Donuts in Moscow
The genesis of two University of Idaho students’ award-winning business idea occurred when they were both freshmen taking a stroll down Moscow’s Main Street at night.
Jett and Dakota Jones noticed a lack of places for students like themselves to get a quick bite to eat after normal business hours ended.

Audi CEO arrested in Germany over diesel emissions scandal

  • Jun 25, 2018
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The chief executive of Audi, the luxury automaker owned by Volkswagen, was arrested Monday on suspicion of fraud in relation to the German carmaker’s emissions-cheating scandal.

Rupert Stadler, 55, was detained a week after his home was searched and German prosecutors said he was a focus of their probe into any manipulation of Audi emissions controls. Stadler is the first member of Volkswagen’s executive board to be arrested in connection with the diesel emissions investigation. In 2015, Volkswagen was discovered to have been using software during emissions testing to manipulate results.
Munich prosecutors said in a statement that Stadler was detained out of concern that he would suppress evidence needed for their investigation.

After AT&T-Time Warner win, is Comcast-Fox a done deal?

  • Jun 24, 2018
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Comcast will likely bid for Fox’s entertainment business as early as Wednesday now that a federal judge has cleared AT&T’s $85 billion takeover of Time Warner.

If Comcast succeeds in outbidding Disney for Fox, a major cable distributor would control even more channels on its lineup and those of its rivals. There are fears that it could lead to higher cable bills or hinder online alternatives.

But U.S. District Judge Richard Leon cleared the AT&T deal Tuesday despite similar concerns. The ruling signaled that federal regulators might have a hard time stopping companies from getting bigger by gobbling up rivals and the content they own.

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