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Jan. 18, 2020

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Vancouver-based AbSci raises $15.4M in Series D funding

January 14, 2020, 7:01pm Business

Vancouver-based biotechnology company AbSci announced Tuesday that it has secured $10.4 million in Series D financing, plus $5 million in term debt. The round was led by KBI Biopharma and JSR Life Sciences. Read story

Moody’s downgrades debt rating for one of largest Boeing suppliers

January 14, 2020, 3:55pm Business

WICHITA, Kan. — Moody’s Investors Service announced that it is downgrading the debt rating for Spirit AeroSystems, Inc. to junk-bond status after the major supplier of fuselages for Boeing’s troubled 737 Max announced massive layoffs last week. Read story

Boeing airplane orders plunge to a 16-year low

January 14, 2020, 3:55pm Business

CHICAGO (AP) — Boeing orders and deliveries of new jetliners plunged last year as the company struggled with the worldwide grounding of the 737 Max, which had been its best-selling plane. Read story

15 states oppose Trump plan to allow LNG shipments by rail

January 14, 2020, 1:43pm Business

HARRISBURG, Pa. — The attorneys general of 15 states said this week that they oppose a Trump administration proposal to allow rail shipments of liquefied natural gas, arguing the trains will share tracks with passenger trains and travel through congested areas. Read story

NSA discovers security flaw in Windows, Microsoft issues fix

January 14, 2020, 12:23pm Business

The National Security Agency has discovered a major security flaw in Microsoft’s Windows operating system and tipped off the company rather than exploit it for its own intelligence needs. Read story

Brunell: Student loan aid attracts employees

January 14, 2020, 6:05am Business

Employers are looking at additional benefits to help workers who are stressed out over paying rent, transportation and food, and student loans. Even though job numbers and wages have increased, too often there just isn’t enough money to make ends meet, particularly in high-cost-of-living cities such as New York, San Francisco and Seattle. Read story

Proposed U.S. hemp rules worry industry

January 14, 2020, 6:05am Business

PORTLAND — Hemp growers and entrepreneurs who were joyous a year ago after U.S. lawmakers reclassified the plant as a legal agricultural crop now are worried their businesses could be crippled if federal policymakers move ahead with draft regulations. Read story

Composites One eyes Vancouver site for 72,000-square-foot warehouse

January 14, 2020, 6:02am Business

One of the largest raw material distributors in the country could soon be setting up a branch in Vancouver. Read story

Intel hires Hewlett Packard Enterprise exec as CIO

January 13, 2020, 7:27pm Business

Intel has gone outside for another top executive, bringing in Archana “Archie” Deskus to be the chipmaker’s new chief information officer. Read story

Stocks climb ahead of trade deal, sending S&P 500 to record

January 13, 2020, 4:29pm Business

Technology companies led stocks to broad gains on Wall Street Monday, driving the S&P 500 and Nasdaq composite indexes to more record highs. Read story