Reported by Star-Bulletin staff & wire
Thursday, October 17, 1996
Reported by Star-Bulletin staff & wire
Thursday, October 17, 1996
Pacific Services International closed its South Seas Jeep-Eagle showroom and two Chrysler dealerships, Car World and Oahu Chrysler-Jeep. Workers went home Friday after their businesses failed to open.
The parent company hasn't contacted the state to notify them whether the workers have jobs, said Patrick Stanley of the Department of Labor. Calls from state regulators also have gone unanswered. The auto dealership employees have been filing claims for benefits.
VeriFone, based in Redwood City, Calif. but founded in Hawaii, said it earned 42 cents a share for the quarter ended Sept. 30, compared with 38 cents in the same period a year earlier.
Analysts surveyed by First Call Inc. had predicted net income of 44 cents a share.
The company also reported revenue of $120.9 million, up from $102.7 million in the year-ago period.
VeriFone's stock declined $2.871/2to $30.621/2 today on the New York Stock Exchange. It fell 18 percent yesterday.
The decision by the state Department of Motor Vehicles also prohibits Chrysler from reselling lemons it buys back from unhappy customers for three years.
Chrysler spokesman Jim Crawford said the company would appeal to the state New Motor Vehicle Board. The sanction will take effect in 40 days if Chrysler doesn't appeal.