Reported by Star-Bulletin staff & wire
Wednesday, November 5, 1997
Stock market investing focus of Honolulu fair
Small investors can learn strategies for investing in the stock market at the second annual Investors Fair sponsored by the National Association of Investors Corp., Hawaii Council.The Nov. 22 event will be held from 7 a.m. to 3:30 p.m. in the Molokai-Lanai ballrooms at the Sheraton Waikiki Hotel.
Investors can listen to presentations from companies and ask questions of their executives.
Companies presenting information will include General Electric Co., E*Trade Group Inc. and Longs Drug Stores Inc. Local companies with exhibits include Alexander & Baldwin Inc., Castle Group Inc. and Pacific Century Financial Corp.
The investment club will have booths to provide information on how to form an investment club and on the latest computerized investment tools to help investors.
Admission is $35 for association members and $38 for nonmembers. Pre-registration is required. For reservations and information, call 521-1799.
Labor ruling supports Consolidated over union
The regional office of the National Labor Relations Board has ruled in favor of Consolidated Amusement Co. in a labor dispute with the union representing most of its Hawaii employees.Local 5 of the Hotel Employees & Restaurant Employees Union has appealed to board headquarters in Washington.
Tony Cestate, officer in charge of the Honolulu NLRB office, said previous cases have been dismissed by regional directors only to be later reversed on appeal to Washington.
The union filed an unfair labor practice charge after the state's largest movie theater chain cut senior workers' pay and benefits in May.
Consolidated said it had to make the cuts to remain competitive with other theater operators.
U.S. factory orders rise for 4th month in row
WASHINGTON -- Demand for chemical and metal products in September produced the fourth consecutive monthly gain in orders to U.S. factories.Orders rose a moderate 0.4 percent to a seasonally adjusted $336.5 billion after a large 1.2 percent advance in August, the Commerce Department said today.
It was a stronger showing than anticipated by economists. September orders for durable goods -- big-ticket items such as autos and computers -- inched up just 0.1 percent. Still, that was considerably better than an earlier estimate of a 0.6 percent decline.
Orders for non-durable goods jumped 0.8 percent, led by chemicals and chemical products. All non-durable goods industries reported increases except for petroleum and coal products and food.