DLR Group welcomes new CEO

By EMMA HINCHLIFFE

Seattle-based Steven McKay was recently named the new chief executive officer for DLR Group. Mckay, who joined the integrated design firm's Seattle office in 1996, doesn't like to talk about trends in the industry and is instead focused on legacies.

Skanska, Walsh teams submit interest in $525M I-405 job

By JOURNAL STAFF

Teams led by Skanska and Walsh have submitted their interest to design and build about 4.5 miles of dual express toll lanes (ETLs) in the Bothell area for the Washington State Department of Transportation. The contract's estimated cost ranges from $450 million to $525 million.

One tiny German town is energy independent

By FRANK JORDANS

Europeans are opening their energy bills with trepidation these days, bracing for hefty price hikes as utility companies pass on the surging cost of natural gas, oil and electricity tied to Russia's war in Ukraine. Many are trying to conserve by turning down the heat and shutting off lights this winter.

Glazer's secures SLU site for $4.8M

By JOURNAL STAFF

A small commercial building at 513 Dexter Ave. N. sold for nearly $4.8 million, according to King County records.

Amazon to raise hourly pay to $19

Amazon says it's raising its average starting pay for frontline workers from $18 to $19 a hour.

Mortgage rates up; 30-year at 6.7%

Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years.

Detroit starts demo of Packard plant

Demolition of the long-vacant Packard auto plant that for generations has been a symbol of urban blight in Detroit has begun.

Economy drops at 0.6% annual rate

Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate.

Fewer people seek jobless aid

The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy.

Tech leads stocks lower

Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets.