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Mike Benbow, Business Editor benbow@heraldnet.com

Business briefs

Intermec shares soar on earnings

Shares of Everett-based Intermec Inc. rose $2.42, or 12 percent, to close at $22.90 on Friday, the day after the technology company released a generally positive earnings report. The maker of handheld computers and inventory-tracking technology said Thursday that its fourth-quarter sales were up worldwide, helping to create earnings of $16.4 million.

TrafficGauge settles part of patent suit

The patent licensing partner of Seattle-based TrafficGauge has settled patent litigation against Cobra Electronics Corp. of Chicago. The case between Cobra and Mobile Traffic Systems Corp., a subsidiary of California-based Acacia Research, had been pending in federal court. The settlement represents part of a larger lawsuit filed against the biggest companies in the consumer GPS navigation market.

Weyerhaeuser hit by lumber slowdown

Weyerhaeuser Co., one of the world's largest lumber and packaging producers, said it swung to a fourth-quarter loss as the deteriorating U.S. housing market cut into demand for lumber. The Federal Way-based company reported a loss of $63 million, or 30 cents per share, after a profit of $507 million a year earlier.

Travel site honored by statewide group

Yapta Inc., an online travel shopping service that tracks airline ticket pricing for leisure and business travelers, was named the 2008 Consumer Product or Service of the Year by the Washington Technology Industry Association. The Seattle-based Web site at yapta.com can track airfare prices from most major airline Web sites and alert users when the price on a specific flight drops.

Asarco given more time for bankruptcy

Asarco LLC won two more months to file its Chapter 11 plan on Friday, despite objections from a hedge fund that has sought to buy the copper-mining company. A U.S. Bankruptcy Court judge in Texas granted the company until April 11 to file. He rejected a request from Harbinger Capital Partners, a hedge fund, that the company be denied more time. Asarco has been in Chapter 11 proceedings since August 2005.

Advertising pioneer dies at age 81

Adrienne Hall, who became a leader in the advertising industry at a time when few women held such positions and who later helped create organizations for high-achieving women, died Saturday in a nursing home in Los Angeles. She was 81. In 1970, Hall and Joan Levine formed Hall & Levine Advertising, which was often described as the first U.S. advertising agency headed by women.

From Herald staff

and news services