Biotech firm leaves Bothell for Maryland
Published 11:26 pm Tuesday, September 4, 2007
Northwest Biotherapeutics Inc., which has struggled through financial woes as it develops a new brain cancer treatment, has left Bothell for the East Coast. In a succinct regulatory filing, the company said it is moving to Bethesda, Md. That’s the home of a venture capital firm that’s invested heavily in the company over recent years. Northwest Biotherapeutics also announced that Jim Johnston has resigned as financial officer, general counsel and board member for the company.
U.S. leasing group named 737 buyer
Aircraft maker Boeing Co. on Tuesday said leasing company Aviation Capital Group ordered 15 of its single-aisle 737 passenger jets. The order was previously attributed by Boeing to an unidentified customer. Boeing said the order was worth $934 million at list prices, though airlines generally negotiate steep discounts. As of the end of July, Boeing had received orders for more than 7,100 of the short-to-medium-range 737s since the plane entered commercial service in 1968.
Mortgage lenders get cash injection
Low-cost lending to financial institutions by the Federal Home Loan Bank system jumped 16.6 percent in August, the system’s finance arm said Tuesday. As the upheaval in the mortgage market worsened last month, the 12 regional banks that make up the Federal Home Loan Bank system made $769 billion available to mortgage lenders.
Amazon will sell NBC’s fall shows
NBC Universal said Tuesday it will sell episodes of its new fall television shows using Amazon’s Unbox digital download service, after the network failed to reach an agreement with Apple Inc. last week to offer the shows on iTunes. Amazon.com Inc. and NBC Universal said that episodes of programs such as “The Office” and “Heroes” are available for $1.99 on Unbox, and that new episodes will be added to the site the day after they air.
Lead paint fears prompt third recall
Mattel Inc., whose reputation has been battered by two high-profile toy recalls this summer, will announce a third one today of Chinese-made toys because they may contain excessive amounts of lead paint, the Associated Press reported. The latest recall by the world’s largest toy maker will be for three Fisher-Price toys and several accessories to a Barbie playset. Millions of toys were recalled earlier because of lead paint.
T-bill rates drop in Tuesday auction
The Treasury Department auctioned $22 billion in three-month bills at a discount rate of 4.35 percent, down from 4.6 percent last week. Six-month bills were auctioned at a discount rate of 4.38 percent, down from 4.59 percent last week. For a $10,000 bill, the three-month price was $9,890.04 while a six-month bill sold for $9,778.57. Separately, the Federal Reserve said that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, rose to 4.3 percent last week from 4.16 percent the previous week.
From Herald staff and news services
