Journal notes stock picks by county woman

Helen DiPaola of Mukilteo is the winner of the Wall Street Journal’s 24th Investment Dartboard contest. DiPaola, a recovery room nurse, selected Bothell’s ICOS as her stock pick in the annual contest. ICOS, which is in the process of being acquired by Eli Lilly &Co., saw its stock rise 54 percent during the last six months of 2006. Diana Shipping, picked by a California man, was the runner-up, increasing in value by 47 percent. One of the stocks picked by throwing darts – CDC (China) – increased by 116 percent during the six-month period. The contest matches reader selections with stocks picked by tossing darts.

Improvement grant for Arlington Airport

The state Department of Transportation has awarded Arlington Municipal Airport a $2,495.32 grant for designing improvements to Taxiways C and D. The grant is part of $183,312 awarded to 19 different airport improvement projects in Washington.

Boeing’s top pilot prepares to retire

John Cashman, who used a flight simulator rather than the actual aircraft to make a barrel roll in the Boeing 777 before it went into service, is about to retire as Boeing’s chief test pilot. Cashman, who joined Boeing after earning an aerospace engineering degree at the University of Michigan in 1966, turns 63, the mandatory retirement age for the company’s test pilots, on Jan. 31. He also has been Boeing’s director of flight operations since October 1997.

Xbox 360 console keeps head start

Sony Corp., beset by supply issues, sold 490,700 PlayStation 3 game consoles in the United States in December, according to figures released by the research firm NPD Group. Combined with NPD’s earlier estimate of PS3 sales in November, that indicates Sony sold 687,700 PS3s from the Nov. 17 U.S. launch to the end of the year. Sony has said it shipped 1 million PS3s to North America in 2006, but that figure includes Mexico and Canada, and some of the units may not have reached stores in time to be sold. NPD said Microsoft Corp. sold 1.1 million of its competing Xbox 360 console in December, while Nintendo Co. sold 604,200 units of its new console, the Wii. Like Sony, Nintendo contended with supply shortages. Analysts are closely watching sales of the new generation of consoles because they could indicate which platform becomes the dominant one. The Xbox 360, which came out last year, has had a head start.

GE to purchase Brit aerospace firm

General Electric Co., the world’s largest aircraft engine maker, agreed Monday to buy the aerospace business of Smiths Group PLC, Britain’s third-largest aerospace company, for $4.8 billion in cash. Smiths will return $2.1 billion to shareholders, the London-based company said in a statement. GE and Smiths also announced plans for a joint venture called Smiths GE Detection. The market reacted enthusiastically, pushing Smiths shares up more than 15 percent to 1,135 pence ($22.24) on the London Stock Exchange. The company has been under shareholder pressure to break itself up, but has resisted.

From Herald news services

Talk to us

More in Herald Business Journal

David Simpson (left) and Scott Murphy.
Port of Everett candidates spar over transparency

An incumbent, David Simpson, is challenged by Everett City Councilmember Scott Murphy.

Rendering of the new terminal that Propeller Airports plans to build at Paine Field in Everett. The terminal, which will serve the general aviation community, will replace Castle & Cooke Aviation's existing building at the Snohomish County-owned airport. (Propeller Airports LLC)
Propeller Airports to acquire Castle & Cooke at Paine Field

Propeller, which owns the nearby passenger terminal, plans a new complex for private aviation.

Everett Farmer’s Market canceled Sunday due to weather

Organizers cited a high-wind advisory. It is to reopen Oct. 31 for the final market of the season.

FILE - In this May 26, 2020, file photo, a sign at the headquarters for the Washington state Employment Security Department is shown at the Capitol in Olympia, Wash. Washington state's rush to get unemployment benefits to residents who lost jobs due to the coronavirus outbreak left it vulnerable to criminals who made off with hundreds of millions of dollars in fraudulent claims. (AP Photo/Ted S. Warren, File)
Washington’s unemployment rate in September was 4.9%

Employers added 17,600 jobs last month, a 7.3% increase over August.

With the Olympic mountains in the background, the first passenger flight by Alaska Airlines Flight 2878 departs for Portland on opening day of the Paine Field Terminal on Monday, March 4, 2019 in Everett, Wash. (Andy Bronson / The Herald)
Alaska Airlines stalls plan for extra flights in Everett

Business has been sluggish, but the airline says it will offer 12 flights a day at Paine Field in the new year.

Hillside homes in Mukilteo are seen from the ferry line on Oct. 20. (Andrea Brown / The Herald)
Mukilteo asks for input on housing density, and it’s complicated

Here’s a guide to what voters should know about the advisory ballot measure. What does it actually do?

People hold signs in protest of the vaccine mandate after Boeing announced it would terminate workers who do not comply on Friday, Oct. 15, 2021 in Everett, Wa. (Olivia Vanni / The Herald)
Some Boeing workers protest in Everett over vaccine mandate

The Boeing Company announced earlier this week that its workers must be vaccinated by Dec. 8.

FILE - In this file photo dated Monday, March 11, 2019, rescuers work at the scene of an Ethiopian Airlines plane crash south of Addis Ababa, Ethiopia.  The number of deaths in major air crashes around the globe fell by more than half in 2019 according to a report released Wednesday Jan. 1, 2020, by the aviation consultancy To70, revealing the worst crash for the year was an Ethiopian Airlines Boeing 737 MAX on March 10 that lost 157 lives. (AP Photo/Mulugeta Ayene, FILE)
Former Boeing test pilot pleads not guilty in 737 Max case

He’s the first person to be charged with a crime in connection with the Indonesia and Ethiopia crashes.

FILE - In this March 14, 2019 file photo, Ethiopian relatives of crash victims mourn at the scene where the Ethiopian Airlines Boeing 737 Max 8 crashed shortly after takeoff killing all 157 on board, near Bishoftu, south-east of Addis Ababa, in Ethiopia. Relatives of some of the passengers who died in the crash will mark the two-year anniversary of the disaster on Wednesday, March 10, 2021, by seeking a reversal of government orders that let Boeing 737 Max jets fly again.  (AP Photo/Mulugeta Ayene, File)
Boeing pilot involved in Max testing is indicted in Texas

He’s accused of giving the FAA false information about systems that played a role in two deadly crashes.

Top (L-R): Kim Daughtry, Steve Ewing. Bottom (L-R): Gary Petershagen, Marcus Tageant.
Developers court Lake Stevens council incumbents with over $20K

Over half of the campaign dollars for four candidates came from people tied to real estate or property development.

Traffic drives in view of a massive Boeing Co. production plant, where images of jets decorate the hangar doors, Friday, April 23, 2021, in Everett, Wash. (AP Photo/Elaine Thompson)
Boeing says workers must get the COVID vaccine by Dec. 8

“Compliance with these requirements is a condition of employment,” says an internal company presentation.

The Boeing 737 Max 10 airplane landing at Boeing Field in Seattle on June 18. (Chona Kasinger / Bloomberg)
Boeing ramps up 737 Max but 787 deliveries are still blocked

Boeing last month maintained its steady trickle of sales as it navigates the aviation downturn.