SonoSite, Inc., a Bothell-based company specializing in hand-carried ultrasound for medical uses, reported Monday an 18 percent increase in second-quarter revenue over the same period in 2009. Sonosite’s earnings per share rose to 12 cents per diluted share in the period ending June 30, compared to 2 cents per share in the same quarter last year. These comparisons included revenue of $3.8 million for the quarter and $7 million for the first half of this year from CardioDynamics which was acquired in the third quarter of 2009.
Union Bank appoints new NW branch chief
Union Bank, which earlier this year purchased Everett-based Frontier Bank in a forced sale overseen by financial regulators, has named Brian Hawley as head of Pacific Northwest branch banking. Hawley will report to Pierre Habis, head of community banking, and is based in Everett. Hawley, who holds an masters in business administration from the University of Washington, joined Union Bank in 2009 from Countrywide Bank. Before that, Hawley served as a senior vice president for Wells Fargo, where he oversaw the central Puget Sound retail branches.
Delta Air subsidiary fined for bumping
Federal officials are fining a regional air carrier owned by Delta Air Lines $275,000 for violating regulations on bumping passengers from overbooked flights. The U.S. Transportation Department said in a statement Monday that it began an investigation of Comair’s compliance with overbooking regulations in response to consumer complaints. Federal regulations require airlines that overbook a flight to seek volunteers willing to give up their seats for compensation. If there aren’t enough volunteers, passengers bumped involuntarily are entitled to $800 in cash compensation. In June, the department proposed raising the compensation amount to $1,300. Comair is based in Cincinnati. It operates 400 Delta Connection flights a day.
Nissan recalls 46,000 Cubes over fuel spills
Nissan is recalling 46,000 of its Cube model over possible problems with fuel spilling during rear end collisions. In documents filed with the National Highway Traffic Safety Administration, Nissan said Monday tests conducted by NHTSA safety regulators found more fuel spilled than federal standards allow. The spillage occurred during rear end crash tests where the vehicle also spun around. Nissan said its own earlier tests did not show any fuel leakage, but it will issue a voluntary recall. It notified dealers last week and will contact owners on Aug. 30. Dealers will attach a special protector to prevent leaks. The recall covers model year 2009 and 2010 Cubes made between Jan. 30, 2009 and July 30.
Herald wire services
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