Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Tuesday, September 13, 2005 Intermec parent plans name change The parent company of Intermec Technologies Corp. is changing its name to Intermec Inc. Everett-based Unova Inc. previously had an industrial division in addition to Intermec Technologies. Because it plans to have all of those operations sold by the end of the year, however, Unova decided to take the name of its remaining subsidiary. The change becomes official in 2006. Lynnwood firm bought by rival American Laser Centers has purchased Lynnwood-based Advanced Laser Clinics, creating a laser skin treatment company with more than 100 locations in 31 states. Financial terms of the acquisition were not released. Michigan-based American Laser Centers said the deal boosts revenue from $29 million annually to $60 million. SonoSite locates distribution partner SonoSite Inc. of Bothell has signed a two-year agreement with Aloka Co. Ltd., allowing for greater distribution of its hand-carried ultrasound products to the veterinarian market. SonoSite and Aloka estimate that overall ultrasound sales to U.S. animal health professionals could total $40 million to $50 million. Interest rates rise in Monday auction The Treasury Department auctioned three-month bills Monday at a discount rate of 3.45 percent, up from 3.435 percent last week. Six-month bills were auctioned at a discount rate of 3.67 percent, up from 3.57 percent. The discount rates reflect that the bills sells for less than face value. For a $10,000 bill, the price for a three-month bill was $9,912.79 while a six-month bill sold for $9,814.46. The Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, eased to 3.76 percent last week from 3.77 percent the previous week. Wood prices soar with hurricane The price of wood products used in construction has shot up 30 percent in Oregon in the wake of Hurricane Katrina as contractors, fearing shortages, have rushed to fill orders. Pete O'Neil, co-owner of Value Lumber Yards of Eugene said the "CNN-driven market has fueled fears that lumber products will run out, he said." Northwest Airlines to hire replacements Only five striking Northwest Airlines mechanics have crossed their union's picket line to return to work. That unity is about to get its toughest test today as the airline begins to hire permanent replacements. Union officials are exhorting members to stay strong in a strike that began Aug. 20. Many mechanics say they will never cross. From Herald staff and news services

1. Shot ends search for man sought in killing of Seattle police officer 2. Thousands honor slain Seattle police officer Timothy Brenton 3. No charge will be filed in death of Everett pedestrian 4. Rain, thunderstorms forecast for lowlands 5. Bothell steamrolls Stanwood 6. PREP FOOTBALL/SWIMMING ROUNDUP: Halfback pass for touchdown sparks Sultan win 7. More jibba-jabba 8. Obama OK's homebuyer tax credit 9. Suspect identified in Seattle police killing 10. Dana nibbles into Somers’ lead 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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