Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Wednesday, August 8, 2007 Bothell's Helix buys peptides for its products Business briefly Herald staff and news services Helix BioMedix Inc. of Bothell will pay $234,000 to buy peptides - wound-healing proteins - from Peptisyntha, a company with offices in Europe and California. The deal represents Helix's largest purchase of peptides to date. R. Stephen Beatty, Helix's president, said the company expects its partners will sell more peptide-based products because the proteins are increasingly being used in things such as skin care treatments. Cardiac Science, Lacrosse partner Bothell-based Cardiac Science Corp. and US Lacrosse, the national governing body for that sport, have teamed to help players survive sudden cardiac arrest. According to US Lacrosse, at least five players have died from that condition during games in the past eight years. Cardiac Science will make its automated heart defibrillators available to teams at a discount and will sponsor training and awareness programs. Cathay Pacific buys five more 777-300s Cathay Pacific Airways Ltd. said Tuesday it will buy five more Boeing 777-300 Extended Range planes, bringing its total order for the model to 23. The airline didn't say how much it will pay for the planes, but it said it received a significant discount from Boeing off the total list price of $1.4 billion. The first of the 23 Boeing 777-300ERs that Cathay Pacific has on order is scheduled to enter service in September, serving routes to North America. Ellyn McColgan leaves Fidelity Ellyn McColgan, a top Fidelity Investments executive, resigned immediately Tuesday, eliminating one of two candidates considered the most likely to eventually replace the 77-year-old head of the nation's largest mutual fund company, Edward "Ned" Johnson III. While the 53-year-old's sudden departure boosts the chance that the family-run firm will someday be led by Johnson's daughter Abigail Johnson, observers say it's too early to regard her as a lock for the top job Worker productivity increased in spring The productivity of American workers rebounded in the spring while wage pressures eased, favorable economic developments that analysts worried might prove only temporary. The Labor Department reported Tuesday that worker efficiency rose at an annual rate of 1.8 percent in the April-June quarter, more than double the 0.7 percent pace of the first three months of the year. Credit card debt takes a big bump Consumers boosted their borrowing more than expected in June, reflecting another hefty jump in credit card debt. The Federal Reserve reported Tuesday that consumer credit rose at an annual rate of 6.5 percent in June. It marked the second straight sizable gain. Consumer credit rose by an even larger 7.9 percent in May. The increase was led by an 8.4 percent rate of increase for revolving credit. From Herald staff and news services

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