Bill Conroy
Tech Powerhouse Hewlett Packard Is Acquiring Seattles Cray Inc.
Transaction will bring the maker of the worlds fastest supercomputers under the umbrella of a longtime industry giant
A legacy Seattle technology company, supercomputer maker Cray Inc. (CRAY: Nasdaq), is being acquired by another giant of the technology industry, San Jose, California-based Hewlett Packard Enterprise (HPE: NYSE) for $35 per share in cash, a deal worth about $1.3 billion, the companies announced. The acquisition is slated to close by the end of January…
Daring Women: The Riveters Amy Nelson Seeks to Change the Future of Work
She says motherhood has been a source of 'enormous strength' in building her company
A little over two years ago, Amy Nelson left her career as a corporate attorney behind to launch a company, the Riveter, a woman-focused co-working startup that that has to date raised more than $20 million in venture capital. At the time she started the Seattle-based company, her oldest child was two years old, her…
Washington Ranks First in a Study of U.S. States Measuring Performance
The state shines as an economic powerhouse but has room to improve in providing opportunity for all citizens
Washington state commands the leading position in a ranking of states just released by U.S. News & World Report. The rankings are based on eight variables designed to measure a states performance and its success in meeting citizen needs. Ranking behind No. 1 Washington in the U.S. News report were New Hampshire, Minnesota, Utah and…
Starbucks Backs Its Sustainability Goals With a $1B Bond offering
Seattle coffee retailer will use the funds to build green stores and to support coffee farmers around the world
Starbucks has completed its third and largest Sustainability Bond offering, raising $1 billion to propel its greener-retail and ethical coffee-sourcing initiatives. Among the uses for the bond proceeds is a $20 million equity investment in a lending group called responsAbility Investments Ag. The partnership with the lender is designed to further expand the impact of…
Zillow Chalks Up Huge Revenue Gain Powered by Its Homebuying Platform
The Seattle company plans to bolster Zillow Offers revenue punch by expanding its reach
Zillow recorded a first-quarter loss of nearly $68 million, but its revenue was off the charts, at $454 million, up from $352 million a year earlier, with a good share of that growth driven by its homebuying platform. Zillow Offers, launched a bit more than a year ago, recorded revenue of nearly $129 million for…
Student-Debt Rankings Show Higher-Ed in Washington Is a Relative Bargain
Still, student-loan debt has escalated rapidly across the state and nation over the past decade
The state of Washington has the sixth-lowest average student-loan debt per borrower in the nation, according to a recent study analyzing 922 higher-education institutions nationwide. The student-loan study, produced by Lendedu.com, an online marketplace for student loans and refinancing, shows that the average debt per student borrower in Washington stood at $22,026 in 2017, up…
LeoStella Inks Deal to Manufacture Satellite Belt to Store Data in Space
Seattle-area startup will produce the cyber-secure SpaceBelt network for Cloud Constellation Corp.
LeoStella, a small-satellite maker based in Tukwila, has landed a contract to manufacture a 10-satellite constellation for Los Angeles. -based Cloud Constellation Corp. that, once in space, will provide secure data storage for private enterprises, government and military clients. Terms of the deal were not disclosed, but the cost of such small satellites can run…
Seattle’s Trailblazing Female Leaders Share Career and Personal Insight
'Women can speak up for themselves, yes, but they can also speak up for each other, for folks of color, for folks with different life situations than their own, to help everyone create a more inclusive workplace'
‘Women can speak up for themselves, yes, but they can also speak up for each other, for folks of color, for folks with different life situations than their own, to help everyone create a more inclusive workplace’ This article appears in the May 2019 issue and is part of our Daring Women cover story. Click here for a free subscription….
Daring Women: Clark Constructions Katie Twomey Excels at Taking the Initiative
Veteran executive believes opportunity should be based on passion for the work and ability to perform not on gender
Katie Twomey has a big job as senior vice president at Seattle-based Clark Construction and a track record of success, including her role as project director for the $1.7 billion expansion of the Washington State Convention Center in downtown Seattle. The project is slated for completion in 2021. Twomey has three decades of experience in…