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Frontier Financial 'critically undercapitalized'

EVERETT -- Frontier Financial Corp. revised its 2009 losses today, saying the company lost $295.1million in 2009 instead of $258.8 million. [More]

Amy Rolph
Herald Writer | March 16


County jobless rate holds at 10.5%

EVERETT Snohomish Countys jobless rate stayed at 10.5 percent in February, the same as the previous month, the state Employment Security Department said today. [More]

By Mike Benbow
Herald Writer | March 16


City Bank of Lynnwood gets 30-day ultimatum from FDIC

LYNNWOOD — City Bank is trying to sell its building lots to a national homebuilder to raise enough money to prevent a forced sale by the government, officials said today. [More]

By Mike Benbow
Herald Writer
| March 16


Air Berlin cancels $1.7 billion order for Boeing 787s

Air Berlin has reduced the number of 787 jets it has on order with the Boeing Co. to 15 from 25, the airline said Tuesday. [More]

Michelle Dunlop
Herald Writer | March 16


Two more jets begin 787, 747-8 test flights

EVERETT — The Boeing Co. boosted both its 747-8 and 787 flight testing programs this weekend, putting two new jets in the air. [More]

By Michelle Dunlop
Herald Writer | March 16


Greece gets some relief on credit rating

BRUSSELS — Greece won some respite from financial market pressure today as ratings agency Standard & Poor’s took the country off credit watch for a possible downgrade — a day after eurozone governments laid out a vague blueprint... [More]

By Emma Vandore
Associated Press | March 16


Housing construction drops 5.9 pct in February

WASHINGTON Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in... [More]

By Martin Crutsinger
Associated Press | March 16


Homebuilders still in a funk

LOS ANGELES — Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for the nation’s homebuilders. [More]

Associated Press | March 16


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