A headline over a story in Thursday’s Business section about construction work on Everett Mall’s new 100,000-square-foot complex, The Village, could be read two ways, one of which unintentionally reflected badly on the mall. The headline intended to say that the two-year, $30 million expansion and upgrade project was arising from the rubble left when the area west of the mall was cleared. However, as written, the headline also could have given readers the inaccurate impression that the mall itself is in disrepair. The mall’s new owners, Steadfast Cos., say new retail buildings at The Village should be rising from the ground in March and open to mall customers as early as fall.
Citicorp CEO will leave ICOS board
Walter Wriston, former chief executive of Citicorp, will leave ICOS Corp.’s board of directors later this year. Wriston’s decision came just days after the Bothell biotechnology firm announced that Bill Gates is leaving the board. Wriston decided not to seek re-election to devote more time to his family, ICOS said. Gates resigned after joining the board of Warren Buffet’s Berkshire Hathaway Inc.
Post wraps up Slate purchase
The Washington Post Co. said Friday it has completed its acquisition of Slate, the Internet magazine formerly owned by Microsoft Corp. The Post Co. reportedly paid between $15 million and $20 million for the online publication. Though the Post doesn’t plan any major editorial changes to Slate, it hopes to make the company consistently profitable. The Post Co. also owns The Herald and Enterprise newspapers in Snohomish County.
Intermec offers rugged hand-held
Intermec Technologies Corp. said it has developed a new hand-held computer that’s reliable in harsh environments. The Intermec CN2 is the same size as the average personal digital assistant, according to the Everett-based company. It will be available this spring.
Inflation fears ease as many prices fall
Easing fears about inflation, wholesale prices fell by the largest amount in 20 months in December, aided by a big decline in the cost of energy. In other good economic news, output at the nation’s beleaguered manufacturing companies rose strongly last month, helping factories enjoy their first annual increase in output since 2000. Analysts said Friday’s reports depicted an economy that began the new year on a good footing with mild inflation and signs of strength in the long-suffering manufacturing sector, which has seen the loss of 2.7 million jobs over the past four years.
From Herald staff
and wire reports