A Roseburg, Ore., firm has been hired to remove silt from the Snohomish River that will eventually be used as fill on some city property and on Jetty Island owned by the Port of Everett. The project is intended to improve navigation on the river. The company, Roy D. Garren Inc., will remove 80,000 cubic yards of silt from a settling basin on the river that will go to city of Everett land near property formerly owned by the Kimberly-Clark Corp. Another 35,000 yards will be removed near the port’s boat launch site and will be placed on the island to help protect it from erosion and to kill some invasive weeds.
Disney plans China theme park
The Walt Disney Co. said Friday it would submit plans to build its first theme park in mainland China, targeting one of the largest and increasingly affluent markets in Asia. The entertainment giant released a statement confirming its plans, as news broke that Disney was working with the Shanghai municipal government to build a $3.59 billion park to open as early as 2014. It would be Disney’s fourth theme park outside the U.S., after Paris, Tokyo and Hong Kong.
Potential buyers eye Circuit City
Circuit City Stores Inc. said Friday it is in talks with two parties that could buy the company or provide additional financing for it to stay in business. Circuit City, the nation’s second-largest electronics retailer after Best Buy Co., filed for Chapter 11 bankruptcy protection in November as it faced pressure from vendors, heightened competition and waning consumer spending. Its Canadian operations filed for similar protection. The Richmond, Va.-based company on Monday filed a motion under seal with the U.S. Bankruptcy Court seeking approval for its sale as a going concern, either as separate units or as individual assets. An expedited hearing is scheduled Friday afternoon.
Auto strike would cancel bailout loan
Provisions of General Motors and Chrysler’s $17.4 billion in federal loans automatically places them in default if union workers go on strike. A General Motors Corp. filing this week with the Securities and Exchange Commission detailed the provision as part of its $13.4 billion in federal loans. The UAW and the automakers have a Feb. 17 deadline to agree to concessions to lower labor costs.
Airline cancels attendant furlough
United Airlines now says it won’t furlough 250 flight attendants after all. The nation’s third-largest carrier avoided the furloughs because it needs more international flight attendants and will offer more special leaves, officials said.
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