Honolulu Star-Bulletin Local News
Business Briefs

Reported by Star-Bulletin staff & wire

Thursday, September 26, 1996


30-year mortgages
climb to 8.16%

WASHINGTON - Thirty-year, fixed rate mortgages averaged 8.16 percent this week, up from 8.14 percent a week earlier, according to a national survey released today by the Federal Home Loan Mortgage Corp.

On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.82 percent, down from 5.83 percent last week. Fifteen-year mortgages averaged 7.68 percent this week, up from 7.64 percent a week earlier.



Nature Conservancy honors
Maui company

Maui Land & Pineapple Co. today received the Nature Conservancy's 1996 President's Conservation Achievement Award at the group's annual trustee meeting in Chantilly, Va.

The company was honored for creating the Pu'u Kuku Watershed Management area in the West Maui mountains to protect 8,661 acres of fragile rain forest and bogs, and more than a dozen endangered plants and animals.

Mary Cameron Sanford, board chairman at Maui Land & Pineapple, and L. Douglas MacCluer, the vice president of plantations, received the award.



Investor group
plans Nov. 'trade show'

The Hawaii arm of a national nonprofit group of 22,000 investment clubs will hold a one-day "trade show" at the Hilton Hawaiian Village in November.

The local chapter of the National Association of Investors Corp. said the Nov. 16 event will give individual investors a chance to meet and question key executives of several Hawaii companies and other major publicly held corporations. There will also be a trade show.

The price for the event is $30 for NAIC members and $35 for nonmembers. For more information call 521-1799.

The NAIC's membership includes more than 400,000 individual investors nationwide.



Maui tour firm
using Twinstar helicopters

Hawaii Helicopters, a large air tour business with helicopter operations on Maui, Kauai and the Big Island, has introduced its first American Eurocopter Twinstar helicopter on Maui.

The company said it expects to have two more of the twin-engine helicopters in its fleet by the end of the year. The Twinstars, which cost up to $1.8 million each, have two engines and redundancy in other systems, increasing safety as well as providing a smoother ride, the firm said.

Hawaii Helicopters is based in Kahului and is a family business owned by Donald and Stephanie Ballard since 1985.



Hilo Hattie reintroduces
free-shirt promotion

After giving away 75,000 aloha shirts and Hawaiian blouses last year to Northwest Airlines passengers from Japan, Hilo Hattie decided it was a good idea and is doing it again.

The Honolulu-based aloha wear maker and retailer said that passengers in all classes on Northwest flights to Hawaii from Osaka, Nagoya, Fukuoka or Narita Airports through October and November will each receive a coupon exchangeable for a free garment. The coupons can be used at any of the five Hilo Hattie outlets in the state.

Chris Resich, president and chief executive of Hilo Hattie, said the promotion last fall helped the company tap into the Japanese market.



For more local, national and international business news,
see the Hawaii Inc. section in today's Honolulu Star-Bulletin.




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