Comcast, the major cable television supplier for most of Snohomish County, will launch a new interactive on-screen program guide both locally and nationwide. It will replace a Microsoft-powered program guide the company previously used. Comcast expects to rollout the new guide to digital cable customers in this state by early September. It will allow customers in the future to perform tasks using Comcast’s digital cable, high-speed Internet and digital voice services.
Neah Power offer nets $6.7 million
Neah Power Systems Inc. said Monday it has completed a secondary stock offering that raised more than $6.7 million. The Bothell-based company is developing small methanol-powered fuel cells that can be used in a variety of devices, especially portable items. Neah’s shares lost 3 cents to close the day at 45 cents.
Former Oracle VP settles SEC probe
In the latest crackdown on illicit pillow talk, the Securities and Exchange Commission on Monday accused a former Oracle Corp. vice president of improperly profiting from his wife’s knowledge about two deals engineered by her boss – Oracle’s chief executive, Larry Ellison. Christopher Balkenhol, 40, the former Oracle vice president named in a civil complaint filed in a San Francisco federal court, agreed to pay nearly $199,000 to settle the case without admitting or denying wrongdoing.
Media company buys magazine unit
Source Interlink Cos., a magazine, CD and DVD distributor to leading grocery and book-store chains, said Monday it agreed to buy Primedia Inc.’s magazine unit, the publisher of Hot Rod, Motor Trend and other special-interest publications, for $1.2 billion in cash. Shares of Source Interlink tumbled more than 15 percent after the agreement was announced.
Coca-Cola settles beverage lawsuits
The Coca-Cola Co. has agreed to offer replacements to people who purchased two soft drinks to settle lawsuits over ingredients that can form cancer-causing benzene, the plaintiffs said Monday. It agreed to offer replacement drinks to anyone who purchased Fanta Pineapple or Vault Zero before September 2006. Coca-Cola voluntarily agreed to reformulate the two beverages.
T-bill rates fall in Monday auction
The Treasury Department auctioned three-month bills at a discount rate of 4.73 percent, down from 4.76 percent last week. The government auctioned six-month bills at a discount rate of 4.735 percent, down from 4.815 percent last week. For a $10,000 bill, the three-month price was $9,880.44 while a six-month bill sold for $9,760.62. Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for changing adjustable-rate mortgages, slid to 4.89 percent last week from 4.9 percent the previous week.
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