The murals on the doors of the Boeing Co.’s Everett factory have been named the largest of their kind in the world by the Guinness Book of Records. Over the winter, contractors installed graphics on the six doors, which are 81 feet tall and range up to 350 feet in width – the largest digital graphics ever. Five of the murals are close-up images of a 777 in flight; the sixth is a smiling woman with her arms outstretched and face up to the sky. Guinness also recognizes the Everett factory as the world’s largest building by volume.
Investors grabbing Neah Power shares
Shares of Neah Power Systems Inc. of Bothell rose 567 percent – from 30 cents to $2 – on Tuesday, their first day of trading under a new symbol. The developer of small methanol-powered fuel cells began trading in the over-the-counter Pink Sheets market after its purchase two weeks ago by Growth Mergers Inc., a public company with no active business operations.
Intermec authorizes big stock buyback
Intermec Inc.’s board of directors has authorized the company to buy back up to $100 million of its shares, the Everett company said Tuesday. The repurchases will be financed from the company’s cash and cash equivalents, which totaled $257 million at the end of 2005. The company said the shares it buys back are intended to make appropriate adjustments to the company’s capital structure and for general corporate purposes.
Seattle Genetics to sell more shares
Seattle Genetics Inc. intends to issue 7.3 million shares of stock in a secondary public offering. Additionally, the Bothell-based biotechnology firm has agreed to sell 1.1 million shares to investment funds affiliated with Baker Brothers Investments, subject to stockholder approval. Felix Baker, a managing partner at Baker Brothers, is a member of the Seattle Genetics board. Proceeds from the stock sale will be used to help pay for clinical trials and general corporate purposes, the company said.
Consumer optimism rebounds in March
Americans’ optimism in the economy rebounded in March, sending a widely followed barometer of consumer sentiment to a near four-year high, a private research group said Tuesday. The Conference Board said that its consumer index climbed 4.5 points to 107.2 in March, the highest level since May 2002, when the reading was 110.3. Analysts had expected a reading of 102. The upbeat report on consumer confidence is an encouraging sign for retailers.
From Herald staff and news service reports
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