Reported by Star-Bulletin staff & wire
Wednesday, May 28, 1997
WorkHawaii has set a new deadline of June 5 for island employers to apply for some of the $1.2 million in federal funds the organization has available for businesses to train new employees. Deadline extended
for worker training fundsThe previous deadline was May 30.
Interested employers can call WorkHawaii at 523-4221 for more information.
NEW YORK -- Coffee futures surged to a 20-year high today amid persistent concern about lean inventories and the possibility of frost damage to the crop in Brazil. Coffee futures prices
jump to 20-year highConcern about dwindling supplies was intensified after the Association of Coffee Producing Countries, after trading yesterday, said world demand will outstrip production during the next year, even with the higher prices.
The report heightened concern about possible shortages of coffee in the coming months, particularly if coffee trees in Brazil suffer frost damage, reducing the size of next year's crop. U.S. exchange stockpiles of coffee have fallen to half of last year's level.
NEWARK, N.J. -- In a string of acquisitions during the past 18 months, franchiser HFS Inc. has tried to build a network of companies to offer one-stop shopping for homes, car rentals and vacations. HFS, CUC to merge
in $10.9 billion dealIts $10.9 billion merger, announced yesterday, with CUC International Inc. seems to put the final piece in place.
The combination with CUC, which specializes in telephone shopping services, will give HFS quick access to a direct marketing organization capable of delivering its offerings to millions of consumers.