Business Briefs
Reported by Star-Bulletin staff & wire
Thursday, May 9, 1996
Reported by Star-Bulletin staff & wire
Thursday, May 9, 1996
It was the highest since May 4, 1995, when rates averaged 8.27 percent. Rates then dropped below 8 percent and remained there until Feb. 15, when they dipped to 6.94 percent. But in recent weeks, they have risen into the upper 7 percent range and hit 8.04 percent on April 11.
On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.80 percent, up from 5.76 percent last week.
Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.75 percent this week, up from 7.50 percent a week earlier.
The rates do not include add-on fees known as points.
Moody was named Small Business Person of the Year for his work providing conference calling, taping and transcription, and other operator assisted features for international business clients and organizations.
Other business operators were recognized at the county level. They are:
Oahu: Ernest Tottori, president and chief executive officer at HPC Foods, Ltd.
Maui: Tim Moore of Old Lahaina Cafe & Luau.
Hawaii: Richard Ha Jr., president of Kea'au Banana Plantation Inc.
Kauai: Tad Miura Jr. of M. Miura Store.
All winners will be recognized at the small business awards luncheon at 11:30 a.m. May 23 at the Ilikai Hotel. For information, call 541-2990.
The defects occurred only in a limited number of computers, and problems will be fixed only as they appear.
Owners of PowerBooks, Power Macs and Performas should not send healthy computers in for a repair, said Apple spokeswoman Nancy Morrison. The notice to Apple's 8,000 distributors went out Wednesday, she said.
The defects in the Performa and Power Mac desktops will be repaired through dealers. In some models, color hues may change and the system can freeze, Morrison said.
In the PowerBook 5300 and 190 laptop models, the company has found cracks in the housing around the hinge in some models. And in others, the AC jack may become loose or cease to work.
The memo instructs dealers to take machines to Apple service providers for repairs or to call 1-800-767-2775. Owners of the machines who think they have problems also should call the toll-free number.
The company will fix the defects for free at any time over the next seven years.