Wal-Mart’s store at 1400 164th St. SW near Lynnwood marked a grand reopening Friday after a remodeling of the seven-year-old store. New features include expanded and reorganized clothing and electronics departments, new signs and other updates. The store, which was the first Wal-Mart to open in Snohomish County, employs more than 380 people.
Bothell biotech’s stock plummets
Shares of Bothell’s Eden Bioscience fell 20 percent Friday, or 18 cents, to close trading at 73 cents each. The precipitous drop came after the small developer of plant and crop enhancers announced disappointing sales. Eden’s board of directors is considering the company’s future, including a possible sale of its assets, the company reiterated Thursday.
Everett’s Intermec makes mobile sale
Intermec Inc. said the city of San Jose, Calif., has selected the company’s CN3 mobile computers for its police department. The CN3, which Intermec claims is the world’s smallest rugged computer, will help the city’s police officers write traffic citations faster and more efficiently. Based in Everett, Intermec makes a range of mobile computers and inventory tracking technologies.
FedEx Express to raise cargo rates
FedEx Express, owner of the world’s largest cargo airline, will increase net average shipping rates by 3.5 percent at the beginning of the year, the company announced Friday. The rate change will be made up of a 5.5 percent increase in standard list rates and a 2 percentage point reduction in fuel surcharges, the Memphis-based company said. The change is to apply to U.S. domestic and export express package and freight shipments.
Post profits grow 10 percent
The Washington Post Co., which owns The Herald, said Friday its third-quarter profit rose 10 percent on growth in its educational services and television divisions. That helped offset a slide in newspaper and magazine publishing revenue. The company, publisher of The Washington Post and Newsweek magazine and owner of test prep and online education firm Kaplan Inc., earned $73.3 million, or $7.60 per share, in the July-September quarter, up from $66.6 million, or $6.89 per share, a year earlier. Revenue rose 8 percent to $946.9 million from $873.7 million a year ago. The latest results reflected a gain of $2.8 million, or 29 cents per share, from the sale of property and marketable securities. Without one-time items, the Post earned $7.96 per share.
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