The Boeing Co. plans to donate $300,000 to the Institute of Technology at the University of Washington-Tacoma. The grant – $100,000 a year for each of the next three years – will be used for scholarships, to help recruit faculty and to bolster the program’s curriculum. Scholarships will be targeted at groups of people under-represented in technology fields, the company said. The institute trains students for high-tech jobs.
Boeing Co. said it has received a $112 million contract to provide support for the U.S. Air Force’s C-32A Mission Communications System. The C-32A is a specially configured Boeing 757-200 that provides air transportation for the vice president, Cabinet members and other government officials, Boeing said. There are four C-32As in service. Under the agreement, Boeing will equip up to four C-32A aircraft with two-way communications capability using the satellite-based Connexion by Boeing broadband Internet and data service, Dow Jones News Service reported.
The board members of EverTrust Financial Group Inc. have declared a cash dividend of 11 cents a share on the company’s common stock. The dividend, which was the same amount the previous quarter, is payable Feb. 28 to shareholders of record on Feb. 14. EverTrust Financial Group operates a commercial mortgage banking group in Tacoma, EverTrust Asset Management in Seattle, EverTrust Financial Center in Bellevue and EverTrust Bank of Washington branches in Snohomish County.
Timber giant Weyerhaeuser Co. has signed a definitive agreement to buy Willamette Industries Inc. for $6.1 billion. In a statement released late Monday, Weyerhaeuser said it would pay $55.50 a share for Willamette and assume $1.7 billion in debt. The agreement is valid through Feb. 8.
Internet music and video services company RealNetworks on Tuesday posted a smaller net loss for the fourth quarter, but saw revenues decline by 12 percent compared to the year-ago period. For the quarter ended Dec. 31, the Seattle company reported a net loss of $11.8 million, or 7 cents a share, compared with a net loss of $33.3 million, or 21 cents a share, in the same period last year. Revenue was $45.4 million, down from $58.2 million a year earlier.
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