Reported by Star-Bulletin staff & wire
Friday, January 31, 1997
Reported by Star-Bulletin staff & wire
Friday, January 31, 1997
GTE Hawaiian Tel has added 62 new jobs to meet increasing demand for telecommunication services. The company also announced expanded customer-service hours. Hawaiian Tel adds 62 jobs,
expands hoursCompany representatives are now available from 7 a.m. to 9 p.m. on weekdays and from 8 a.m. to 5 p.m. on Saturdays. The customer-service center previously was open from 8 a.m. to 5 p.m. on weekdays and 8 a.m. to 4 p.m. on weekdays.
The 62 new employees will be responsible for helping customers chose telecommunication plans, the company said.
Hawaiian Tel has nearly 3,000 employees.
Hawaiian Electric Industries Inc. is raising $100 million by issuing trust originated preferred shares, called TOPrS. Hawaiian Electric
to raise $100 millionThere are 4 million of the new shares at a par value of $25 each, paying a fixed annual dividend of 8.36 percent.
HEI said it expects to receive the money Tuesday and use it for general corporate purposes, including investment in subsidiaries. The company said the shares, which are planned for a listing on New York Stock Exchange, were purchased initially by underwriters, including two with Hawaii offices, Merrill Lynch & Co. and Dean Witter Reynolds Inc. Others include Goldman Sachs & Co.
Buoyed by an increase in home sales, C. Brewer Homes Inc. eked out a slight profit in its third quarter, reversing a loss from a year earlier. C. Brewer Homes
posts small profitBut the company yesterday said Hawaii's sluggish economy may hurt sales this quarter.
The Maui builder reported a profit of $82,000, or 1 cent a share, on revenue of $5.3 million for the quarter ended Dec. 31, compared with a loss of $265,000, or 3 cents a share, on revenue of $823,000 in 1995.
The company said it closed 23 single-family home sales at Kehalani for an average price of $226,000. In the year-earlier quarter, only three such sales closed, but the average price was $251,000.
At Iao Parkside, a joint venture that C. Brewer owns half of, 13 multi-family sales closed at an average price of $132,000, compared with eight at an average of $139,000 a year earlier.
