Business Briefly

  • Wednesday, November 19, 2003 9:00pm
  • Business

Nippon Cargo Airlines has ordered three Boeing Co. 747-400 freighters, the Tokyo-based carrier said. Nippon Cargo said in a news release that two of the Everett-built jets are to be delivered in 2005 and one in 2006. Nippon Cargo already has a fleet of 11 Boeing 747-200s and 747-100s. Although no purchase price was disclosed, the planes have a list price of $187.5 million to $214.5 million each.

Marty Sharf, insurance and consultation manager for the state Department of Labor and Industries, will be the featured speaker Friday for the monthly meeting of the Greater Marysville Tulalip Chamber of Commerce. Sharf will address the large increase in workers’ compensation premiums most businesses face next year. The breakfast meeting starts at 7:30 a.m. at the Best Western-Tulalip Inn, 6128 Marine Drive. Call 360-659-7700 for more information or reservations.

Bothell’s Celltech Group said Wednesday it will close its Canyon Park research laboratory and offices, which employ about 90 people, by mid-January. The closure is part of an overall reorganization of Celltech’s research operations, according to the London-based company. The annual savings from the closure and layoffs is estimated at more than $19 million. A small number of Bothell employees will transfer to Celltech’s other sites, but most have been given 60-day layoff notices, the company said. Some of the research activities at the Bothell lab will be transferred to New York and England.

Washington’s high-technology sector shed 11,200 jobs last year, and venture capital investments across the state fell by nearly 50 percent, according to the Cyberstates report released Wednesday by AeA, the national trade group formerly known as the American Electronics Association. Despite the large decline in the number of high-tech jobs, the number of remaining high-tech workers in the state ranks Washington 15th among all the states.

America Online has acquired Seattle-based Singingfish Inc. and added Singingfish’s online audio and video searching capabilities to its AOL Search service, the companies announced Wednesday. The acquisition, for an undisclosed price, closed last week and will include Singingfish’s 30 employees in Seattle. No layoffs are expected. Singingfish develops searches for streaming media on the Internet.

Herald staff and wire reports

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