Pacific Northwest HaloSource said Friday it had raised $11.5 million to expand its global water-purification business. The funding round, led...
HaloSource said Friday it had raised $11.5 million to expand its global water-purification business.
The funding round, led by Indian investment firm Origo and by Unilever Technology Ventures, brings the total raised by the Bothell company to $40 million.
Most Read Business Stories
- 55,000 in Washington state may have to pay back thousands in jobless benefits
- 1 house, 45 offers: Homebuyers in Western Washington hard-pressed as supply remains scarce
- Boeing CEO gave up millions in pay; here's what he and other top execs earned
- Jeff Bezos gets fraction of legal fees from girlfriend’s brother
- Highlights of the $1.9T COVID bill nearing final passage
Major shareholder backs Yahoo board
One of Yahoo’s largest shareholders is supporting the re-election of the Internet company’s incumbent board, delivering a significant blow to an attempted coup being led by activist investor Carl Icahn.
With Friday’s announcement, Legg Mason Capital Management became the biggest major Yahoo shareholder to publicly declare it will vote for the nine current directors — a group that has been under fire since Microsoft withdrew a $47.5 billion takeover bid 2 ½ months ago in a disagreement over price. Voting will take place at the company’s annual meeting Aug. 1.
Bush asked to keep tanker contest fair
Congressmen Norm Dicks, D-Wash., and Todd Tiahrt, R-Kan., asked President Bush on Friday to resist pressure from three European leaders and ensure that the Pentagon will be evenhanded as it prepares to reopen the competition for a $40 billion Air Force aerial-refueling tanker contract.
A team composed of Northrop Grumman and Airbus parent European Aeronautic Defence & Space is vying with Boeing for the contract.
The letter came two days after McClatchy Newspapers reported that British Prime Minister Gordon Brown, French President Nicolas Sarkozy and German Chancellor Angela Merkel had urged Bush to support the Northrop-EADS bid.
A White House spokesman said Bush told the three that it was a Pentagon matter, not a White House one.
Microvision stock falls on sale news
The stock of Microvision, a maker of compact, high-resolution displays, sank 18.3 percent after the company said it plans to sell 11.2 million shares.
Microvision stock fell 55 cents to $2.45 Friday.
The Bothell company said it will sell 11.2 million shares and warrants to buy 6.7 million shares for $2.33 each. The anticipated proceeds of $26 million will be used for general corporate purposes, the company said.
Compiled from Seattle Times staff, The Associated Press, McClatchy Newspapers and Bloomberg News