Washington Banking OKs 5-cent dividend
Washington Banking Co., the holding company for Whidbey Island Bank, said Friday that its board had approved a quarterly dividend of 5 cents per share. The dividend is payable May 25 to shareholders of record on May 10. It's the 52nd consecutive quarter the company has paid a dividend. On Thursday, the bank reported its first quarter profits increased to $4.1 million from $2 million in the same period last year.
Job fair to be held for high school students
Three job fairs geared toward high school students looking for summer jobs will be held in May. WorkSource Snohomish County and the Workforce Development Council will host the events from 3 to 6 p.m. on successive Wednesdays. The first job fair will be May 4 at Monroe High School. Meadowdale High School in Lynnwood and Marysville Getchell High School in Marysville will host the May 11 and May 18 fairs respectively. Employers and community organizations will be there to offer internships, summer employment and volunteer opportunities to high school students, who should come prepared to interview, fill out applications and hand out resumes. Go to www.wdcsc.org for more information.
Amazon launches 69-cent song store
Amazon.com Inc. this week launched a store that sells digital songs for 69 cents, an attempt to bring more people to its e-commerce website and bolster its plan to charge people to store tunes on distant servers known as the cloud. It has cut the price on singles to 69 cents in the past, but this is the first time it has dedicated a page to the offering. About 200 songs out of the 15 million available have had prices cut to 69 cents.
Weyerhaeuser turns profit in first quarter
Weyerhaeuser Co. turned a profit in the first quarter, mostly because it sold acres of timberland in southwest Washington. The Federal Way company on Friday reported net income of $99 million, or 18 cents per share, in the first three months of the year, compared with a loss of $20 million, or 10 cents per share, last year. Earnings in the most recent quarter included an after-tax gain of $96 million on the previously announced sale of 82,000 acres of timberlands in southwest Washington. Excluding this item, the company reported net earnings of $3 million. Revenue rose 11 percent to $1.58 billion.
From Herald news services