MCM staff

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Financial Report: Harvard Bioscience Posts a Loss

| MCM staff

Citing a $2 million revenue shortfall from products provided to organizations, biotech companies and government agencies developing new drugs, Holliston, MA-based researcher Harvard Bioscience (Nasdaq: HBIO) reported a loss for the first quarter.

Movers and Shakers

| MCM staff

San Francisco-based gifts cataloger Red Envelope appointed Edward Schmults senior vice president of operations.

Getty Images to Target Consumers on Amazon’s Website

| MCM staff

Seattle-based stock photography provider Getty Images said on June 1 that it will sell its photos on Amazon.com. Getty, which got out of the direct response catalog business last year in favor of the Web, plans to offer printed photos of Marilyn Monroe, nature scenes, architecture, and other images for $15-$60 per print, depending their size.

Senate Marks Up Postal Reform Bill

| MCM staff

The Senate Committee on Governmental Affairs on June 2 unanimously agreed on a markup of its postal reform bill, S.2468, the Postal Accountability and Enhancement Act, to the full Senate.

Newport to Buy Spectra-Physics

| MCM staff

Newport Corp., an Irvine, CA-based manufacturer/marketer of robotics and automation systems, on June 1 agreed to buy Spectra-Physics, the optical technology unit of Waltham, MA-based Thermo Electron Corp., for $300 million.

Correction:

| MCM staff

The packaging firm StarchTech Inc. is based in Golden Valley, MN, not Golden Valley, MI (O+F, May 2004, pp. 21-22). We regret the error.