Daily Briefing

DAILY BRIEFING

January 13, 2009

Safeway stores offering some antibiotics free

Safeway Inc. yesterday became the latest area grocer to offer some prescription antibiotics for free. The program, which covers up to a 14-day supply of nine generic antibiotics, is in affect until March 31. Safeway is among grocers around the country offering the antibiotics program in an attempt to lure customers. Giant Food and Wegmans Food Markets Inc. also offer free antibiotics.

Andrea K. Walker

10 tech companies get $750,000 from TEDCO

The Maryland Technology Development Corp. (TEDCO) said yesterday that 10 Maryland technology companies have received about $750,000 to encourage cooperation between the businesses and area universities and federal research labs. The goal of the grants is to help companies turn scientific and medical discoveries into marketable products. The 10 companies are: AccuStrata Inc.; American Dynamics Flight Systems Inc.; Aparna Biosciences Corp.; Applied Sensor Research and Development Corp.; CCC Diagnostics LLC; Encore Path Inc.; Nanorods LLC; OxiCool Inc.; Resensys LLC; and U.S. Languages and Cultures Net LLC. Each received about $75,000 from TEDCO's Maryland Technology Transfer Fund. Since the TEDCO program began six years ago, 119 companies have received almost $7 million from the fund.

David Kohn

Cessna Aircraft laying off 2,000

WICHITA, Kan.: Cessna Aircraft Co. says it is laying off 2,000 employees. The announcement was made yesterday in an e-mail to workers. The work force reductions will be implemented across the Wichita-based company's facilities and affect all pay categories. Spokesman Robert Stangarone says workers will receive a 60-day notice within the next few weeks, with the job cuts occurring in March. Cessna is Wichita's biggest employer, with 12,000 workers.

Associated Press

Federal Reserve Board's Kroszner to leave Jan. 21

WASHINGTON: Federal Reserve Gov. Randall Krosz- ner said yesterday that he will leave this month, giving President-elect Barack Obama an opportunity to put his stamp on the central bank. After nearly three years at the Fed, Kroszner said he will step down Jan. 21, a week before the central bank's next regularly scheduled meeting. Kroszner, 46, will return to the University of Chicago's Booth School of Business.

Associated Press

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