Target officially has a new CEO.

Michael Fiddelke, who was named to the role in August, took over Sunday as Target Corp.’s fourth-ever chief executive. He succeeds longtime CEO Brian Cornell amid shaky financial performance and unrest in the company’s hometown.

Already, Fiddelke has been leading many of the company’s turnaround efforts. ...Read more

Amazon laid off about 16,000 employees last week, including 2,198 in the Seattle area, part of a companywide wave of cuts to the tech giant's corporate workforce.

The layoffs last week followed a round in October in which more than 14,000 employees were laid off, more than 2,300 of whom were based in the Puget Sound region.

The layoffs in ...Read more

Walt Disney Co. selected theme parks chief Josh D’Amaro to be the company’s next chief executive, culminating the most closely-watched succession drama in Hollywood.

D’Amaro, who has run the company’s pivotal parks and experiences division for six years, will be charged with steering the Burbank entertainment giant through increasingly ...Read more

T-Mobile will lay off hundreds of Washington-based employees in April, according to a recent state filing.

The Bellevue, Washington-based wireless network operator plans to permanently eliminate the jobs of 393 workers at its headquarters and other offices, per a worker adjustment and retraining notification received Monday.

The layoffs, set ...Read more

Think the real estate market is tough? Working for a real estate giant could be tougher.

The Seattle-based real estate giant Zillow terminated around 200 employees last month for failing to meet performance expectations.

The cuts coincided with widespread layoffs at several Seattle-area companies that sent shock waves through the local job ...Read more

Air India grounded one of its Boeing 787 planes Monday after a pilot reported a possible problem with the engine fuel control switches, the same mechanism at the center of the investigation into a fatal Air India 787 crash in June.

On Monday, Air India said one of its pilots reported a “possible defect” on the fuel control switch of a ...Read more

For the second year in a row, a Chicago bank became the first in the nation to fail.

Metropolitan Capital Bank & Trust, a so-called Universal Bank that focused on small- to medium-sized businesses, was closed Friday by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired ...Read more

Ford Motor Co.'s board of directors on Monday declared a first-quarter regular dividend of 15 cents per share.

The dividend is payable on March 2 to shareholders of record at the close of business on Feb. 13. The Dearborn automaker is scheduled to report 2025 annual and fourth-quarter earnings on Feb. 10, though Ford in December said a majority...Read more

Outdoor apparel retailer Eddie Bauer is expected to close its stores in North America and file for bankruptcy.

The company, whose namesake opened its first store in Seattle in 1920, operates more than 200 stores in North America currently — down from more than 600 international locations in the 1990s. Locations outside of North America would ...Read more

The Teamsters of California is calling for the suspension of Waymo's operations in the state amid growing safety and job security concerns.

The union, which has 250,000 members across dozens of industries, called on the California Public Utilities Commission on Monday to indefinitely suspend the driverless car company's license to operate. The ...Read more

Self-driving cars such as Waymos could soon roam the streets of Chicago under new legislation proposed in Springfield.

A bill filed last week would authorize autonomous vehicle pilot programs in a handful of Illinois counties, including Cook, before opening the door to statewide legalization of self-driving cars in three years.

The proposal ...Read more

Fifth Third Bancorp said Monday it has completed its merger with Comerica Inc., creating the nation’s ninth-largest bank.

In the fall, Cincinnati-based Fifth Third had agreed to acquire Detroit-founded Comerica in an all-stock deal valued at $10.9 billion. The merger creates a bank with about $294 billion in assets, officials said.

“We are...Read more

California quantum computing company D-Wave is moving its headquarters to Boca Raton, Florida, and opening a new research and development facility.

In an announcement last week, the Palo Alto company said its new office will be housed in the Boca Raton Innovation Campus before the end of this year. The 1.7-million-square-foot office facility, ...Read more

Washington state and King County recorded more evictions in 2025 than ever before — a sign that the affordability crisis is deepening.

The number of eviction cases filed in Washington courts rose to 23,965 in 2025, a 3% increase from 2024. The increase was significantly greater in the Seattle area.

Eviction cases grew by 12% to 8,732 in King...Read more

Amazon laid off 2,198 Seattle-area employees last week, according to a state regulatory filing.

The layoffs are part of the 16,000 jobs the company cut amid corporate restructuring. They also follow a round from October, which saw more than 2,300 Amazon employees in the Puget Sound region lose their jobs.

Of the almost 2,200 employees laid off...Read more

As the National Automobile Dealers Association prepares to meet this week in Las Vegas for its annual convention, dealers say moving online is critical for the industry to compete with digital-only vehicle marketplaces and combat the "sleazy" car salesperson trope.

The popularity of e-commerce has changed even purchases of vehicles worth tens ...Read more

Canadian Industry Minister Melanie Joly said the country’s aviation regulator is working toward certifying Gulfstream jets and that she believes the Trump administration’s complaints about delays can be resolved.

“It is our understanding that the certification process is well underway and that the certification demands were absolutely ...Read more

The Chicago Reader, the groundbreaking alternative weekly which has been on the brink of dissolution for years, will become a monthly in February under new owners, who are looking to reinvent the storied newspaper while turning red ink to black.

Noisy Creek, a startup publisher on a mission to restore alternative weeklies to their offbeat ...Read more

As the Writers Guild of America West prepares to negotiate a new contract with major studios, its staff union has authorized a strike of its own.

The labor group's staff union (WGSU), which includesattorneys, research analysts and other positions, claims that "management has dismissed [their] staff's needs and engaged in bad faith surface ...Read more