Pacific Northwest ...
Seattle’s F5 Networks has agreed to acquire Swan Labs of San Jose, Calif., for $43 million in cash, the companies said yesterday.
F5 makes hardware and software for managing application traffic over the Internet. Privately held Swan Labs makes technology to enhance the speed and performance of wide-area networks. F5 said the addition of Swan Labs’ technology will help it achieve faster application performance.
F5 expects to keep all 42 of Swan Labs’ employees and an office in San Jose.Unova
Patent quarrel with Symbol ends
Symbol Technologies and Unova’s Intermec Technologies unit will end a patent dispute over radio frequency identification technology and work to end another suit over wireless communications, the companies said.
Each will license to the other technology for radio-frequency tags, used instead of bar codes, containing information about products. Symbol agreed to resume selling Everett-based Intermec’s miniature readers embedded in bar codes while the companies try to resolve a suit over that technology.Alcoa
Power outage hits Wenatchee plant
Alcoa said a power outage at its plant in Wenatchee reduced production at a rate of 4,000 metric tons a month.
Two separate incidents at a substation that supplies electricity to the plant caused the power outage Sept. 4, Alcoa said yesterday. Two production lines were shut. One has resumed operations.
Nation / WorldWTO
U.S. appeals claim on lumber dispute
The United States yesterday appealed a World Trade Organization (WTO) panel report that found Washington failed to comply with the global commerce body’s rulings in a long-running lumber dispute with Canada, trade officials said.
The dispute centers on Canadian claims that the United States disregarded decisions made by the WTO last year, when U.S. import duties on Canadian lumber were judged to be too high. Washington claims it has adopted the WTO’s recommendations.
Ex-employees face tax-fraud charges
Eight former KPMG executives, including the accounting firm’s one-time deputy chairman, and an outside tax lawyer pleaded not guilty yesterday to charges of conspiring to commit tax-shelter fraud.
During the hearing before U.S. District Judge Lewis Kaplan in the Southern District of New York, Assistant U.S. Attorney Justin Weddle said the government expects to file a superseding indictment in the case, bringing additional charges against the defendants and charging as many as 12 additional individuals. .
Compiled from Seattle Times staff, Bloomberg News and The Associated Press