An Everett woman accused of stealing funds from her customers’ mortgage loan proceeds was sentenced Friday to six months in jail and another six months of home monitoring. The Financial Crimes Unit of the state Attorney General’s Office brought charges against Ellen V. Milam, 38, who entered a guilty plea last month to six counts of second-degree theft. Milam, who worked with Pacific Crest Mortgage in Bellevue, also repaid $99,500 in restitution.
Zumiez CEO Brooks adds CFO duties
Rick Brooks, chief executive officer of Everett-based Zumiez Inc. also will act as the chief financial officer until that position is filled, the company announced. Brooks previously served as Zumiez CFO for seven years. Brenda Morris, the financial chief who led Zumiez through its transformation into a public company in 2005, recently left for personal reasons.
U.S. dollar falls against euro
The euro climbed to an all-time high against the dollar Friday as weak U.S. growth figures reinforced fears of a widening economic disparity between Europe and the United States. The euro hit $1.3682, edging past its previous high of $1.3667 from December 2004. The 13-nation currency then settled back to $1.3643 in late New York trading, still up from its $1.3601 level from late Thursday. The surge will not be kind to Americans visiting Europe this summer, who will pay more for hotel rooms in Rome, entrance fees at the Louvre and chocolates in Belgium.
Crude oil prices pass $66 a barrel/
Oil prices pushed above $66 a barrel Friday after Saudi Arabia announced the arrests of 172 Islamic militants, some of whom planned to attack oil fields. Light, sweet crude for June delivery rose sharply after vacillating between gains and losses this morning. It settled up $1.40 at $66.46 a barrel on the New York Mercantile Exchange. Brent crude settled 76 cents higher at $68.41 a barrel on the ICE Futures exchange in London. Gasoline futures settled up 7.1 cents on the Nymex at $2.3613 after falling earlier.
Chevron profits grow by 18 percent
Coming off three straight years of record profits, Chevron Corp. on Friday reported its earnings surged yet again to start 2007, rising 18 percent. Chevron earned $4.7 billion, or $2.18 per share, during the first three months of the year, compared with net income of $4 billion, or $1.80 per share, at the same time last year.
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