Business briefs

Microsoft Corp. said its quarterly income rose 16 percent, but the results fell shy of Wall Street expectations and the software company offered a tepid outlook Thursday for the current quarter. Company shares fell nearly 6 percent in late trading. For the three months ended March 31, the Redmond software maker reported earnings of $2.98 billion, or 29 cents per share, compared with $2.56 billion, or 23 cents per share, in the same period a year earlier.

Whidbey bank continues dividend

Washington Banking Co. will pay its shareholders a 6.25-cent-a-share quarterly dividend. The holding company for Whidbey Island Bank said it will make the payment May 23 to shareholders of record as of May 8. The size of the dividend is unchanged from the previous quarter.

Cardiac Science earns a cent a share

Cardiac Science Corp. of Bothell generated net income during the first quarter of $264,000, or one cent per share, down from $979,000 in the same period of 2005. This year’s result included new accounting for stock-based compensation and the effects of last fall’s merger. Despite the smaller earnings, sales of the company’s cardiac monitoring and defibrillation equipment were up during the first quarter to $39.1 million. That was nearly 9 percent higher than during the fourth quarter of last year.

Cardiac salesman helps save a life

If Cardiac Science is looking for a personal testimonial, it should sign up Carolyn Holt. She had a heart attack while driving near St. Louis. Luckily, witnesses to the resulting wreck included two nurses and one of Cardiac’s defibrillator salesmen. The wreck happened last Friday. Cardiac’s Steve Earle saw what happened and grabbed his automated defibrillator, a device that shocks the heart into a normal rhythm. Holt showed no pulse and was delivered a shock by the machine. She then registered a pulse and was taken to the hospital where she is ecovering.

U.S., Canada reach lumber accord

The Bush administration announced Thursday that it had reached a tentative agreement to settle a bitter three-decade-long lumber battle with Canada. The initial reaction from the U.S. timber industry was favorable, but some Canadians complained that the proposed settlement represented too much of a victory for American producers.

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