Cardiac Science Corp. reported record revenue for its third quarter, thanks to a big boost in international sales. The company, which sells a variety of heart-related products, reported $54 million in revenue for the quarter ending Sept. 30, a 20 percent increase in comparison with the same period of last year. Sales of defibrillators rose by 34 percent and service revenue increase by 16 percent. Defibrillators were the big selling item overseas. Net profits for the quarter were $2.5 million, or 11 cents per diluted share. That compares with $1.8 million, or eight cents a share, for the comparable period of a year ago.
Boeing factory tour returns Monday
With Machinists back at work at the Boeing Co., the factory tours will resume Monday, according to Sandy Ward at the Future of Flight Aviation Center &Boeing Tour. The tours take 90 minutes and include the 747, 777 and 787 Dreamliner assembly lines. For reservations or information, call 800-464-1476. In addition to the tours, the center highlights the technical possibilities for powered flight for the next 50 years.
Ship arrivals for November
The Port of Everett has four vessels set to arrive this month. The Frantzis Star, carrying cement for LeHigh, arrived Monday. Others include the El Mar Victoria, operated by Fesco, set for Nov. 13; the Orto by ECL, set for Nov. 14; and the Bright State, ECL/Fesco, scheduled for Nov. 29. The port has seen 105 ships and 43 barges arrive to date, compared with 124 ships and 63 barges in 2007.
Seattle Times announces cuts
The Seattle Times plans to cut its staff by about 10 percent through a combination of layoffs and buyouts. The cuts of 130 to 150 jobs are the third staff reduction announced by the newspaper this year. The company hinted in an e-mail that there may be further cuts as the 2009 budgeting process continues. The newspaper told its employees that the tough economy and dropping advertising revenue are forcing the layoffs. In January, The Times said it would cut 86 jobs, mostly by not filling existing openings. In April, it said it was eliminating another 200 jobs, including 45 newsroom employees.
Verizon changes Internet services
Verizon is expanding the availability of its fastest Internet service and increasing the speed of its least expensive service. “It’s a competitive environment and in order to keep people and get new people, we have to do this,” said Kevin Laverty of Verizon Northwest in Everett. Laverty said the company is expanding the footprint of its higher-end DSL service with up to 7.1 megabits per second. “You can get it in places that are more remote, like Index,” he said. Nationwide, it will be available to an additional 6.6 million households. The company also has upgraded its entry-level service to 1 mbps downstream and 384 kbps upstream from 768 kbps and 128 kbps, respectively. Laverty said the company is also offering new deals for many of its bundled services.
From Herald staff and news services
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