Circulation dropped slightly at The Herald and for most Northwest newspapers during the six-month period ending Sept. 30, according to the Audit Bureau of Circulation. At The Herald, daily circulation dropped 1.4 percent to 48,518. Sunday circulation dropped 0.3 percent to 54,668. In Tacoma, the News Tribune’s daily circulation dropped 3.9 percent to 111,578. In Olympia, The Olympian’s circulation slid 5 percent to 31,188. In Spokane, the Spokesman Review reported daily sales of 91,673, a 1.5 percent drop. Both Seattle daily newspapers reported gains after years of falling numbers. The Times reported a 1.2 percent gain to 215,311 readers and the Post-Intelligencer rose 1.1 percent to 127,584.
Biotech reports positive drug trial
Seattle Genetics Inc. of Bothell said more than 75 percent of patients treated with its antibody-drug conjugate SGN-35, which is being tested against Hodgkin lymphomas and other cancers, showed tumor reductions in a phase 1 trial. The positive results were reported Monday at a medical conference in Germany.
EADS shares plunge with delay
Shares in Airbus parent EADS plunged after the company announced more bad news on Monday, warning that a six-month delay in the delivery of its A400M military transport aircraft will cost as much as $2.03 billion. EADS said the 1.4 billion-euro charge, which was larger than expected, will hurt profits and the company junked profit forecasts. A revised guidance will be announced Thursday, the company said.
Airline delays slow in September
Travelers were less likely to be stuck on a delayed flight in September, but the airline industry’s on-time performance so far in 2007 remained the worst in 13 years, according to government data released Monday. The nation’s 20 largest carriers reported an on-time arrival rate of 81.7 percent in September, up from 71.7 percent in August, the Department of Transportation said. Better weather was credited.
T-bill rates drop in Monday auction
The Treasury Department auctioned three-month bills at a discount rate of 3.55 percent, down from 3.92 percent last week. Six-month bills were auctioned at a discount rate of 3.78 percent, down from 3.945 percent last week. For a $10,000 bill, the three-month price was $9,910.26 while a six-month bill sold for $9,808.90. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable-rate mortgages, fell to 3.93 percent last week from 3.97 percent the previous week.
Correction
The South Snohomish County Chamber of Commerce will mark the openings of Experience Momentum, 4720 200th St. SW, Suite 100, Lynnwood, from noon to 2 p.m. Thursday and North Creek Medicine &Laser, 210 128th St. SE, Everett, from 5 to 7 p.m. Thursday. An incorrect day for the events was listed on Monday’s Business page.
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