SonoSite Inc. of Bothell has donated one of its hand-carried ultrasound units to a civilian hospital in Iraq. The device was included in a shipment of medical supplies delivered by the U.S. Army this week to a hospital in Haweja, about 30 miles west of Kirkuk, Iraq. SonoSite’s original hand-carried device was developed in 1999 with help from defense research money, and its units are used by all branches of the military in Afghanistan and Iraq.
Cascade posts 8-cent dividend
Cascade Financial Corp. announced Wednesday that it will pay an 8-cent quarterly dividend. The Everett-based parent company of Cascade and Issquah banks said it will make the payment Jan. 27 to shareholders of record as of Jan. 13. The amount of the dividend is unchanged from the previous quarter.
Google wins legal victory
Google Inc. won a major legal victory Wednesday when a federal judge ruled that the search engine’s advertising policy does not violate federal trademark laws. The judge rejected a claim by auto insurance giant Geico Corp., which argued that Google should not be allowed to sell ads to rival insurance companies that appear whenever Geico’s name is typed into the Google search box. Google derives a major portion of its revenues from selling ad space to businesses that bid on search terms – both generic words and names protected by trademark – used by people looking for information online about products and services.
Wal-Mart fires three executives
Wal-Mart Stores Inc. confirmed Wednesday that it fired three executives and four other workers for failing to follow “internal company rules.” A spokeswoman would not name the fired executives or elaborate. The Benton County Daily Record newspaper in Arkansas reported that those let go included Jim Haworth, executive vice president of operations for the Wal-Mart division.
Winnebago profits rise 8%
Winnebago Industries Inc., the nation’s leading maker of motor homes, Wednesday said profit for its latest quarter rose 8 percent as an increase in shipments and a lower tax rate helped results. Net income came to $19.5 million, or 57 cents a share, for the first quarter ended Nov. 27, compared with $18.1 million, or 50 cents a share, a year ago, the company said.
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