Reported by Star-Bulletin staff & wire
Wednesday, November 6, 1996
Reported by Star-Bulletin staff & wire
Wednesday, November 6, 1996
PUUNENE, Maui - As part of its plan to become more efficient, Hawaiian Commercial & Sugar Co. has announced a $4.9 million plan to convert its last fields from furrow to drip irrigation. HC&S to complete switch
to drip irrigationHC&S said the new project will result in a two percent gain in production.
Between 1973 and 1986, HC&S spent $30 million to convert most of its 37,000 acres to drip irrigation. Now, with improved methods of filtering mill water, it said it can eliminate furrow irrigation.
RICHMOND, Va. - CSX Corp. raised its cash-and-stock offer for Conrail Inc. to about $93 a share, or $8.28 billion, saying it's a better fit with Conrail than rival Norfolk Southern Corp., which has offered $100 a share in cash, or about $9 billion, Bloomberg Business News reported. CSX Corp. raises its bid
to $93 a share for ConrailCSX improved its offer by raising the cash portion to $110 a share for 40 percent of Conrail, from $92.50, and CSX stock for the remaining 60 percent. Conrail accepted the new CSX offer.
DETROIT - General Motors Corp. have reached a tentative deal to end a week-long strike at its truck plant in Janesville, Wis., the last of a recent wave of local walkouts against the automaker. Deal reached in last local GM walkout
About 4,809 members of United Auto Workers Local 95 were scheduled to vote on the tentative agreement this afternoon.
If the deal is accepted, all of GM's North American car and truck operations would be operating normally by Thursday, the first time since Oct. 3.