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Business Briefs

Reported by Star-Bulletin staff & wire

Wednesday, December 6, 2000

SOLD!

Star-Bulletin buyer to hold job fair

The buyer of the Honolulu Star-Bulletin plans to hold a job fair next month to fill more than 100 openings.

Oahu Publications, a local unit of Victoria, British Columbia-based Black Press Ltd., said it tentatively has scheduled the job fair on Jan. 13 at Waterfront Plaza.

The company plans to hire more than 100 new positions, including posts in classified sales, telemarketing, accounting, advertising sales, display advertising and advertising production. Resumes can be sent to Oahu Publications' offices at 500 Ala Moana, Tower Seven, Suite 409, Honolulu, HI, 96813.

As part of a court-supervised sale, Black Press will take over the Star-Bulletin on March 16. Last week, the company announced it was buying Kaneohe-based RFD Publications, which owns MidWeek and has about 140 employees.

Bulletin closing archive



Apple stock sours on earnings warning

CUPERTINO, Calif. -- Shares of Apple Computer Inc., maker of the iMac desktop machine, fell nearly 16 percent today after the company projected a fiscal first-quarter loss as high as $250 million and cut its 2001 sales forecast.

Apple sank $2.69 to $14.31 on the Nasdaq after dropping as low as $14. It has fallen about 80 percent since its 52-week high of $72.09 in March.

Chief Executive Steve Jobs said late yesterday the company he co-founded in 1976 will not meet profit estimates for the second quarter in a row. Apple expects $1 billion in sales for the quarter ending Dec. 30, $600 million less than estimates given in October.

In other news . . .

Bullet ATLANTA -- Delta Air Lines Inc. said today it expects that a reduction in its flight schedule, designed to mitigate the effects of pilots refusing overtime, will reduce its December revenue by about $15 million to $20 million. Delta, the No. 3 U.S. airline, which had $4.35 billion in revenue in the quarter ended in September, said yesterday it would cut its schedule by 3 to 5 percent, or 100 to 125 flights a day, because pilot overtime flying requests had fallen off as some pilots seek to pressure management during contract talks.





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