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. Early morning gunfire wounds 2 in Everett 2. Father guilty of manslaughter in girl's death 3. ZZ Top fans get Everett buzzing 4. Crash devastating for toddler 5. Snohomish County budget passes, with a caveat 6. Fall 2009 Wesco All-League Teams 7. Laundry fire sparks concerns over smoke detectors 8. Two people injured in Highway 9 collision 9. Northrop: Boeing's 767 ‘no longer commercially viable' 10. Lynnwood police seek hit-and-run driver 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

• Holiday Lightings & Santa Sightings • Ruling in the pool • Archbishop Murphy takes title • A season of performing arts • Budget numbers have official fuming • Wildcats move on to 2A semifinals • Holiday Bazaars & Fairs Calendar • Edmonds’ Westgate Chapel serves up hospitality for holiday • Mavericks fall • Boeing will build, flight test and deliver 787s in South Carolina to spe ... • Snohomish County EDC promoting job growth in key industry clusters • $4 million grant to advance brain tumor research has Everett links • Providence medical center construction tops off its 12-story steel frame ... • Tulalip affordable housing project to be financed by KeyBank, Raymond Ja ... • Arlington's Lak of Ink has a growing following for Luke Kooyman's creati ... • Bank of the Northwest formed • Cascade Bank earns $1.6 million