Everett-based Zumiez Inc. officially announced Wednesday that shareholder Brentwood-Zumiez Investors LLC plans to sell 1.6 million of the company’s shares in a public offering. All of the proceeds from the offering, first disclosed two weeks ago, will go to the investment group. Company co-founder Tom Campion, a trust in Campion’s name and chief executive officer Rick Brooks also are selling portions of their sizable holdings. Zumiez currently has about 27.4 million outstanding shares.
Premera promotes health programs
Premera Blue Cross of Mountlake Terrace has introduced a new initiative designed to accelerate employers’ adoption of wellness programs and to inspire their employees to adopt healthier habits. The health insurer said the new program, called Springboard, will subsidize up to two years of health risk management costs, including annual personal health assessments and personal health coaching, for employees at mid-size and larger companies.
Google main office to cost $319 million
Google Inc. is buying its Silicon Valley headquarters for $319 million in a deal covering the Internet search leader’s nerve center – a cluster of buildings revered in high-tech circles as the “Googleplex.” The Mountain View, Calif.-based company disclosed the purchase from four commercial real estate companies in Securities and Exchange Commission documents filed Wednesday. Google wants to close the sale by the end of the month. The leased property has evolved into a technology center.
United Airlines to cut 1,000 jobs
United Airlines will eliminate at least 1,000 salaried and management jobs by the end of the year as part of its efforts to reduce costs, CEO Glenn Tilton said Wednesday. The employees to be laid off from the nation’s second-largest airline represent about 11 percent of its 9,400 salaried workers and nearly 2 percent of the company’s work force of approximately 57,000.
Schwab again offers price cuts
Charles Schwab Corp. announced another wave of price cuts Wednesday, continuing a trend that has rejuvenated the stock brokerage as it returned to its discounting roots. The latest price decreases are being made amid recent investor queasiness that threatens to weaken Schwab’s robust earnings growth during the past year. The San Francisco-based company expects to match or fall a penny below analysts’ current earnings expectations, according to Christopher Dodds, Schwab’s chief financial officer.
From Herald staff and news services
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