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POSTED: Thursday, September 17, 2009

Hawaiian Air flying Raiders again

Hawaiian Airlines will be flying the Oakland Raiders to their road games for the 10th consecutive year.

The carrier is flying the Raiders to this week's opening road game in Kansas City, as well as to Houston, New York, San Diego, Dallas, Pittsburgh, Denver and Cleveland later this season.

Hawaiian provides the players with first-class meal service featuring extra-large portions, fresh fruit, snacks, beverages and other special requests. At the team's request, products from Hawaii are included in the service, such as Hawaiian Iced Tea and Passion Orange Guava Juice. For entertainment, up to three first-run movies are shown during the flights.

 

Central Pacific to fete Kaneohe branch

Central Pacific Bank will host a grand opening next week to celebrate its newest branch in the Kaneohe Bay Shopping Center.

Two former Kaneohe branches were consolidated to make way for the new 3,708-square-foot facility, which officially opened Aug. 24. Branch hours are Monday through Thursday from 8:30 a.m. to 4 p.m.; Friday, 8:30 a.m. to 6 p.m.; and Saturday, 9 a.m. to 12:30 p.m.

The grand opening will take place from 8:30 a.m. to noon Sept. 26 at the 46-077 Kamehameha Highway location. Drawings for prizes and light refreshments will be provided during the festivities. The bank also will make a $1,000 donation to King Intermediate's After-School All-Stars Hawaii program.

 

A&B sells California warehouse

A&B Properties Inc., a unit of Alexander & Baldwin Inc., has completed the sale of a 126,000-square-foot industrial warehouse in City of Industry, Calif.

Neither the buyer nor the terms were disclosed.

The deal is in tune with “;A&B's core strategy of tax-effectively redeploying real estate sales proceeds into new commercial property investments with favorable growth prospects,”; said Norbert Buelsing, president of A&B Properties.

 

Women's conference coming up

Hawaii's sixth annual International Women's Leadership Conference will begin with 7 a.m. registration Tuesday at the Sheraton Waikiki Hotel and Resort.

Gov. Linda Lingle will deliver opening remarks and be followed by female guest speakers from around the world in the fields of business, politics, publishing, medicine and the military, to name a few.

Registration information is available via phone at 983-1122 or online at http://www.iwlchi.org.

 

Territorial added to Russell 2000

The holding company for Territorial Savings Bank has been added to the Russell 2000 index of smaller companies, effective after the close of trading Sept. 30.

Territorial Bancorp Inc. has risen 62.3 percent to $16.23 since its initial public offering price of $10 on July 13.

 

Software strategy saves Matson money

Matson Navigation Co. has won the 2009 CIO 100, an annual award given by CIO Magazine for operational and strategic excellence in information technology.

Matson was recognized for its common application services (CAS) strategy for software reuse. According to CIO Magazine, Matson's innovative approach to CAS reduced capital expenditures across 14 software applications by $2 million, a return on investment of 106 percent.

 

On the Move

; Providence Equity Partners Inc., owner of video Web site Hulu and Spanish-language television network Univision, said Citigroup Chairman Richard Parsons, who attended the University of Hawaii, will serve as a senior adviser. The private equity firm said the 61-year-old former Time Warner chairman and CEO will provide input on new investment opportunities as well as on some of its existing investments.

 

;*;*;*

The Inner Circle of Advocates named Mark S. Davis as president at the National Trial Lawyers Organization meeting. He will serve as president for two years as well as host the organization's national convention in Hawaii in August 2010 for the first time.

 

By the Numbers

CHEAPER CLOTHES FOR WOMEN, PRICIER DUDS FOR DUDES

-0.3%

August drop in prices for women's and girls' apparel.

+0.6%

August increase in prices for men's and boys' apparel.

GOOD TIME TO QUIT DRINKING AND SMOKING
+27.8%
Increase in tobacco prices since August 2008.
+2.7%
Increase in prices for alcoholic beverages since August 2008.

INFLATION OR DEFLATION?
+0.4%
August change in the Consumer Price Index.
-1.5%
The change in CPI in the year that ended Aug. 31. Much of the change came from gas prices falling after last year's record highs.
+0.1%
August change in core CPI, which excludes food and energy—two areas where prices tend to be volatile.
+1.4%
The change in core prices during the year that ended Aug. 31.

GET ON THE BUS
+1.3%
August increase in public transportation costs.
+9.1%
August rise in gasoline prices.

WHAT GOT CHEAPER?
-0.2%
August drop in prices for footwear.
-0.1%
August drop in prices for car parts and equipment.
-2.8%
August drop in prices for personal computers and peripheral equipment.

SAVE MONEY—EAT AT HOME
-1.6%
Drop in price for “;food at home”; since August 2008.
+3.0%
Increase in price for “;food away from home”; since August 2008.

CLUNKERS COST MORE CASH
-1.3%
August drop in prices for new vehicles, due to government Cash for Clunkers program.
+1.9%
Increase in the cost of used cars and trucks in August.

MORE EXPENSIVE IN AUGUST
+0.4%
August increase in prices for nonalcoholic beverages.
+0.4%
August increase in prices for tenants' and household insurance.
+0.8%
August increase in prices for water, sewer and trash collection services.

BARGAIN CARBS, PRICEY PROTEINS, CHEAP PRODUCE
-0.1%
August drop in cereal and bakery product prices.
+0.4%
August increase in prices for meats, poultry, fish and eggs.
-0.7%
Decline in fruit and vegetable prices for August.