Helix BioMedix Inc., a Bothell-based developer of wound-healing proteins called peptides, reported a net loss of $831,000, or 3 cents a share, during the second quarter. That was down from a $1.2 million loss in the year-ago period. The company’s revenue grew from $30,000 in the second quarter of 2006 to $141,000 in the latest quarter, thanks to sales of peptides for use in skin-care products.
Google offers online storage, for a price
Web search and Internet services company Google Inc. is selling expanded online storage, aimed at users with large picture, music or video file collections. The annual prices established were $20 for 6 gigabytes of online storage, $75 for 25 gigabytes, with prices topping out at $500 for 250 gigabytes. Yahoo Inc. and Time Warner Inc.’s AOL already offer unlimited free storage for their e-mail services.
US Airways, union OK tentative pact
US Airways reached a tentative contract with its machinists union that would give it a unified contract for thousands of fleet service workers, the airline said. The tentative four-year agreement with the International Association of Machinists and Aerospace Workers union would cover 7,700 employees, primarily baggage handlers and ramp personnel. The contract is subject to ratification by union members.
AirTran encourages Midwest to merge
AirTran Holdings Inc. is urging the board of Midwest Air Group to agree to a merger, after the number of shareholders supporting the takeover increased to nearly 63 percent. Joe Leonard, AirTran Airways chairman and chief executive officer, said Midwest’s board of directors should listen their shareholders. AirTran’s $389 million offer expired at midnight Friday, but both sides have until Monday morning to still decide on a deal.
Former Qwest CEO to appeal sentence
Former Qwest Communications head Joe Nacchio put a federal court on notice Friday that he will appeal a six-year sentence handed down for his insider trading conviction. The notice was submitted before Nacchio is expected to file a formal appeal of his conviction on 19 counts of illegally selling $52 million in stock in 2001. U.S. District Judge Edward Nottingham last month ordered Nacchio to prison for six years, to pay a $19 million fine and to forfeit $52 million in assets.
Correction
North County Bank operates four branches in Snohomish County. An item on Friday’s business page about the bank’s quarterly earnings listed an incorrect number of branches.
From Herald staff and news services
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
