Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Thursday, August 21, 2008 Teen clothing shop Aeropostale opens Friday at Everett Mall Aeropostale will open its new Everett Mall store Friday, just in time for the back-to-school shopping season. The teen clothing retailer already is in Lynnwood's Alderwood mall and Seattle Premium Outlets at Quil Ceda Village in Tulalip. In addition to the new clothing store, the Everett Mall recently added Pretzel Twister to its food court. Bothell biotech stops worker pay Bothell's CellCyte Genetics says it could run out of cash in the next month and it has stopped paying employees, according to a filing with the Securities and Exchange Commission. CellCyte, a small biotechnology firm specializing in stem cells, says it has just more than $200,000 left. Unless the troubled company secures more financing, it could close, the filing stated. Shares of CellCyte closed Wednesday at 40 cents, down 2 cents. Market debut for OncoGenex Shares of OncoGenex Pharmaceuticals, formed by the newly approved merger of Bothell's Sonus Pharmaceuticals and OncoGenex Technologies of Vancouver, B.C., are expected to debut on the Nasdaq Capital Market today under the symbol OGXI. The merger included a one-for-eighteen reverse stock split of the former Sonus stock, which is expected to lift the share price above $4. Fluke Networks buys VoIP firm Fluke Networks, the Everett-based maker of telecommunications testing products, has acquired the intellectual property of Viola Networks, which develops voice-over-Internet Protocol products. Terms of the deal were not disclosed. Based in Pennsylvania, privately held Viola Networks is best known for its NetAlly software. Fluke Networks intends to rebrand and integrate the purchased technology into its new products. U. S. Postal Service seeks worker cuts In lackluster economic times, not even postal workers enjoy much job security. Faced with losses that could near $1.5 billion this year, the U.S. Postal Service is offering early retirement -- without incentives or bonuses -- to thousands of clerks, mail handlers and supervisors. The push to cut costs involves retirement offers to workers 50 and older who have 20 or more years of service and employees of any age who have 25 or more years of service. The agency began the fiscal year last Oct. 1 with 684,762 career employees, down from 696,138 a year earlier. Four SUVs top crash tests Four small sport utility vehicles earned top scores in crash tests released Wednesday by the insurance industry, a nod to safety improvements in SUVs during the decade. The Insurance Institute for Highway Safety gave top crash test scores in front-end, side and rear tests to the 2009 Ford Escape, 2009 Volkswagen Tiguan, 2008 Mitsubishi Outlander and the 2008 Nissan Rogue. Institute President Adrian Lund said the Escape, Tiguan, Outlander and Rogue were all equipped with standard electronic stability control -- which guards against rollovers -- and side air bags. From Herald staff and news services

1. Emory’s owner fears fire was arson 2. Monroe honking case makes it to state Supreme Court 3. Vatican ponders the souls in space 4. 81 veterans' names, 81 meaningful lives honored in Snohomish 5. Hope dims that Olympics will boost region 6. Student hit in crosswalk to return 7. Smokey Point to celebrate end of roadwork 8. Death on Edmonds waterfront ruled a suicide 9. Help for young moms may continue 10. Semifinal slate sealed on ‘Dancing With Stars’ 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

• Bazaar Fever • Hawks proud of historic season • Olson always put Edmonds first • Honoring student veterans • ‘Wheedle' author comes to Lynnwood bookshop • Mavs build early lead en route to easy win • Prep football games of the week (state playoffs) • Tears of laughter, tears of grief • Death on Edmonds beach likely a suicide • 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