Business news in brief

Posted: April 28, 2012

In the Region

Flight attendants call strike vote

Flight attendants for Air Wisconsin — which operates as a US Airways Express carrier — will hold a strike-authorization vote, the Association of Flight Attendants said. Citing stalled contract talks, the union said strike-vote ballots will be sent to more than 300 flight attendants next week. Air Wisconsin flies about 100 US Airways Express departures daily from Philadelphia International Airport. If the National Mediation Board determines that contract talks are deadlocked, it could release both sides for a 30-day “cooling off” period before any strike is called.— Paul Nussbaum

PhotoMedex raises $40M

Skin-care product maker PhotoMedex Inc., of Montgomeryville, said it raised about $40 million through an offering of common shares. Net proceeds will go to capital expenditures, product development and other uses. Company shares on the Nasdaq closed at $14.78, up 45 cents. PhotoMedex also announced it intends to also list its shares on Israel’s Tel-Aviv Stock Exchange. — Reid Kanaley

$1 million for summer jobs

GlaxoSmithKline P.L.C. and the Philadelphia Foundation will donate a combined $1 million to help fund 515 educationally enriched summer jobs for young people in the city’s WorkReady programs, Mayor Nutter announced at Friday’s British American Business Council breakfast. Prince Edward, the youngest son of Queen Elizabeth II, attended and is visiting the city to help celebrate the queen’s diamond jubilee. — David Sell

Gorsky takes over at J&J

After a decade as Johnson & Johnson chief executive Bill Weldon stepped down at the annual meeting Thursday. Alex Gorsky took over. Several shareholders grilled Gorsky on whether J&J will stick to its credo of putting patients, doctors and employees ahead of profits after product recalls and ethical lapses. He said that’s a priority. Three shareholder proposals were voted down, including one to require an independent board chairman. — AP

Elsewhere

Kodak’s loss widens

Eastman Kodak Co. said its first-quarter loss widened on hefty charges related to its reorganization in bankruptcy as well as a drop in sales. Kodak filed for bankruptcy protection in January after being hurt first by Japanese competition and then by its inability to keep pace with the shift to digital technology. Revenue fell 27 percent, partially as a result of the company’s decision to stop selling digital cameras and focus on its other businesses and lower demand for its traditional products. — AP

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