Reported by Star-Bulletin staff & wire
Wednesday, November 11, 1998
Hawaiian Punch on the marketCINCINNATI -- How about a Hawaiian Punch?
Procter & Gamble Co. is considering selling the brand in order to concentrate on other food and beverage products with better sales growth opportunities. Hawaiian Punch is a profitable brand, but it accounted for only 3 percent of Procter & Gamble's total food and beverage sales during the fiscal year ended June 30, management said today.
P&G said it is contacting potential bidders for Hawaiian Punch but will keep the brand if no acceptable offer is received.
Mechanics reject Continental offerHOUSTON -- Continental Airlines Inc. mechanics have rejected a proposed new contract negotiated by the International Brotherhood of Teamsters.
The airline's 2,900 mechanics voted to join the Teamsters in July of last year after 14 years without union representation, officials said yesterday. The Houston-based carrier announced a tentative deal with the Teamsters last month. But in ballot results released yesterday, 2,085 were against the contract, 257 were for it and about 80 were invalid.
In other news . . .NEW YORK -- Compaq Computer Corp. today unveiled plans to sell its personal computers directly to customers, copying the technique of archrival Dell Computer Corp. Compaq said it would start selling a new line of desktop computers directly by phone and over the Internet, bypassing distributors.
See expanded coverage in today's Honolulu Star-Bulletin.
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