Boeing dividend rises to 30 cents
The Boeing Co. is increasing its quarterly dividend. The company announced Monday that it will pay a 30-cent-a-share dividend on March 3, to shareholders of record as of Feb. 10. Boeing had been paying dividends of 25 cents a share since December 2004.
Goodrich expects good 2006 sales
Goodrich Corp. said Monday it expects sales to increase 6 percent to 7 percent in 2006, to between $5.6 billion and $5.7 billion. Earnings per share should climb between 10 percent and 25 percent next year, Goodrich said, to between $2.20 and $2.40. The projections were slightly below estimates.
Quinton completes California merger
The merger of Quinton Cardiology Systems and Cardiac Science Inc. is fully complete, the combined company announced Monday. Cardiac Science Corp., as the new company is known, said it has consolidated all manufacturing work at its Deerfield, Wis., plant and moved all administrative and customer service functions to the former Quinton headquarters in Bothell.
Bothell cancer drug promising in tests
Bothell-based Seattle Genetics Inc. said Monday that early human tests of its SGN-40 cancer treatment show enough promise to continue into mid-stage testing in 2006. The company also updated researchers at the American Society of Hematology’s annual meeting about SGN-30, which already is in mid-stage tests.
Knockoff gifts on the upswing
Fake Burberry handbags and Nike shoes were among $11.4 million worth of knockoff items seized by federal authorities last month as counterfeiters geared up for the holiday shopping season, officials said Monday. In all, Customs and Border Protection officials intercepted $9.2 million worth of imported knockoff bags and $2.2 million in fake designer shirts, pants and Nike shoes at entry ports across the country, including New York, Los Angeles, Seattle and Miami.
T-bill rates fall in Monday auction
The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 3.82 percent. Another $16 billion in six-month bills was auctioned at a discount rate of 4.180 percent, down from 4.185 percent last week. For a $10,000 bill, the three-month price was $9,903.44 while a six-month bill sold for $9,788.68. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing changes in adjustable rate mortgages, edged up to 4.35 percent last week from 4.34 percent.
From Herald staff and news service reports
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