Reported by Star-Bulletin staff & wire
Friday, May 30, 1997
Borders Inc. today said it expects to open its sixth book and music store in Hawaii in September. Borders opening
sixth bookstore in HawaiiThe company said it signed a lease with Waiakea Center Inc. for a 15,000-square-foot store in Hilo. Borders said it plans to hire more than 50 people to run the store.
The company already has two stores on Oahu, one on Kauai, one on Maui and a Kona store on the Big Island scheduled to open in October.
Many Hawaii consumers are so deep in debt that the National Foundation for Consumer Credit is projecting an 82 percent increase in bankruptcy filings here for the second quarter of this year. Seminar offers help
to consumers in debtThat's one reason the nonprofit group, through its local affiliate Hawaii Credit Counseling, is co-sponsoring a free seminar next week that is aimed at helping people balance their budgets and get out of debt.
Financial expert Terry Savage, author and nationally syndicated columnist, will conduct the workshop, scheduled for 7 p.m. Monday at the Hawaiian Regent Hotel in Waikiki.
No reservations are necessary.
DHX Inc. says it is expanding its transporting services to handle refrigerated ocean cargo. DHX starts service
for refrigerated cargoThe company made the decision to start that service six months ago but has been preparing for it since then, DXS said.
DXS is the largest dry goods freight forwarder serving Hawaii and Guam.
SANTA CLARA, Cal. -- Intel Corp. shares today plunged as much as 16 percent after the world's largest chipmaker said weak demand for its older processors will push second-quarter sales and earnings below estimates. Intel shares plummet on
weak profit outlookIntel stock dropped $11.261/2 to $150.75 on volume of about 50.5 million shares, making it the most active U.S. stock.
Shares fell to $137.871/2 earlier -- the biggest one-day drop since 1991 -- wiping out as much $23.3 billion of market value.