Reported by Star-Bulletin staff & wire
Thursday, February 20, 1997
Reported by Star-Bulletin staff & wire
Thursday, February 20, 1997
Seeking better control of its revenues and cash, Hawaiian Airlines Inc. plans to install an automated money tracking system called RevTrack. Airline goes high tech
to track revenuesThe company said it signed an agreement with technology company Electronic Data Systems Corp. to install and maintain the system and train staff to run it. RevTrack should be in place by the end of the year, the airline said. Designed for airlines, the system maximizes control over revenues, finds errors and recovers lost revenue from ticket sales that somehow go unreported.
Hawaiian said the system will provide instant information on passenger ticket sales, refund processing and other vital accounting functions.
Hawaii's second-largest cable television company is raising its standard cable service rates more than 14 percent. TCI of Hawaii to hike
cable rates 14 percentTCI of Hawaii Inc. said the rate increase will go into effect April 1. Average bills for standard cable service will increase by $3.16 to $25.38.
Gerrianne Sakamoto, general manager of the Maui-based cable franchise, said the increase is needed for pay for increased programming costs, adjustments for inflation, franchise fees and new cable services.
TCI, a unit of Englewood, Colo.-based Tele-Communications Inc., serves about 40,000 subscribers in Hawaii Kai, the Big Island, Molokai, Lanai and most of Maui.
NEW YORK - GTE Corp.'s vice president of international operations, which account for roughly a quarter of the phone operator's total business, has been killed in an air crash in Guatemala, according to Guatemalan aviation officials. GTE executive
dies in airplane crashBruce Haddad, senior vice president of international operations, and his wife, Dorothy Haddad, were among five people who died early yesterday when their corporate jet crashed south of Guatemala City, the officials said.
The Stamford, Conn.-based company had no immediate comment on the report of Haddad's death and no official statement on how his death would immediately affect its plans. GTE is the parent company of Hawaiian Tel.
WASHINGTON - Thirty-year, fixed-rate mortgages averaged 7.56 percent this week, down from 7.65 percent last week, according to a national survey released today by the Federal Home Loan Mortgage Corp. Thirty-year mortgages
down to 7.56 percentThe decline put the rate at the lowest level in 11 weeks, when it was 7.44 percent.
On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.45 percent, down from 5.52 percent last week and the lowest in 11 months.
Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.06 percent this week, down from 7.14 percent a week earlier.
The rates do not include add-on fees known as points.
