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Originally published Friday, January 26, 2007 at 12:00 AM

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Business Digest

Stolen Boeing laptop is recovered

Pacific Northwest A stolen Boeing laptop containing personal information on 382,000 workers and retirees has been recovered. In an e-mail to...

A stolen Boeing laptop containing personal information on 382,000 workers and retirees has been recovered.

In an e-mail to employees, Senior Vice President Rick Stephens said Boeing and a third-party computer-security consultant had confirmed that the files with personally identifiable information were not accessed after the theft.

Stephens said Boeing will still honor its commitment to pay for three years of credit monitoring for any employees whose information was on the computer.

The employee responsible for the laptop was fired soon after it was lost in December.

Separately Thursday, Boeing reported its first 787 orders this year, booking orders for four of the new jets. The buyer was not identified. The order is worth about $600 million at list prices. The actual purchase price is estimated at about $400 million, based on market data from aircraft valuation firm Avitas.


Closed pulp mill might be sold

Weyerhaeuser said it may sell a closed pulp mill in Cosmopolis to Charleston Investments and will seek a buyer for a veneer factory in Elma that employs 73 workers. Both locations are in Grays Harbor County.

Charleston Investments made a proposal for the Cosmopolis mill that "offered the greatest value" and "most viable long-term investment for the community," Federal Way-based Weyerhaeuser said Thursday in a statement. It said it intends to enter into preliminary, formal discussions with Charleston about the purchase of the mill, which was built in 1957 and has been closed since late 2005.

Weyerhaeuser's veneer plant in Elma began operating as a sawmill in the 1920s.

British Airways


Cabin crew strike will affect flights

British Airways' flight cancellations next Tuesday and Wednesday because of a strike by cabin crew will affect the airline's daily flight between Seattle and London's Heathrow Airport, departing each evening at 6:30 p.m. and arriving in London at noon.

If you are scheduled to fly on those dates, contact your travel agent or the airline at 800-247-9297 for a refund or rebooking. British is allowing customers to claim a full refund, rebook their flight for a later date or be rebooked by British Airways with another airline.

British is the only airline with non-stop service from Seattle to London, but several other airlines operate flights with connections through other cities.

Check the airline's Web site ( for updates. Further cancellations will likely take place before and after the strike dates, the airline said. Customers due to travel between Feb. 1 and Feb. 16, whose flights have not yet been canceled, can rebook but are not yet being offered refunds.



First taller high-rise started in downtown

Touchstone development company broke ground Thursday on a 28-story office tower at Eighth Avenue and Virginia Street in downtown Seattle.

West 8th is the first office tower to be built under zoning changes that the Seattle City Council approved last year allowing taller high-rises in the Denny Triangle and other parts of downtown, according to the city's planning department. As a result, it will be seven stories higher than had been planned, Seattle-based Touchstone said.

The $185 million project, expected to be completed by late 2008, will have 490,000 square feet of office space, 18,000 square feet of retail, a 12,000-square-foot child-care center and seven levels of parking. It is being developed on spec, meaning Touchstone has not yet signed any office tenants.

Ste. Michelle

Winery's quarterly sales, profits up 26%

Net sales rose 26.3 percent to $94.6 million for Ste. Michelle Wine Estates in Woodinville in the fourth quarter. Operating profit grew 26.6 percent, according to a filing by its parent company, Greenwich, Conn.-based UST.

For the year, Ste. Michelle's net sales were up 13.7 percent to $282.4 million, and operating profit climbed 16.7 percent to $44.1 million. The company sold 4.6 million cases of wine last year, up from 4.1 million in 2005, according to a separate press release.

Compiled from Seattle Times staff and Bloomberg News

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