Reported by Star-Bulletin staff & wire
Tuesday, December 15, 1998
Hawaiian Airlines passenger count up
Hawaiian Airlines Inc. reported a 4.7 percent gain in passengers for November.The airline said it carried 431,028 passengers last month, compared with 411,554 in November 1997.
Consumer spending declines in Hawaii
Consumer spending in Hawaii over the first 17 days of the holiday shopping season fell 3.9 percent, according to a company that monitors purchases paid with check.TeleCheck Services said the local decrease compared with a year ago contrasted with a 1 percent increase nationally in check spending.
New Zealand OKs Cyanotech product
Cyanotech Corp. today said it received approval to use one of its products in New Zealand as part of organic salmon feed.The company said New Zealand is the first country to certify NatuRose astaxanthin, a naturally produced food additive that enhances color in the flesh of pond-produced fish, as an organic ingredient.
Pacific Capital adds 3 funds to its list
The Pacific Capital and Hawaiian tax-free trust retail funds have added three new funds to its list.The international stock fund, value fund and small cap fund were added Dec. 7 by Pacific Century Financial, manager of the funds.
Goldman Sachs says profits plunge
NEW YORK -- Goldman Sachs, the New York investment bank renown for its bullish outlook on Wall Street, said yesterday its profits plunged 81 percent in the fourth quarter.Hawaii's Bishop Estate has about a 10 percent stake in Goldman.
Japan airlines raise some Pacific fares
TOKYO -- Japan Airlines Co. and All Nippon Airways Co., Asia's two biggest airlines, said they will raise business and first-class fares as much as 7 percent on Pacific and European routes because of increased costs. A Japan Air spokesman said the increase would affect first-class seats on one Hawaii flight. All Nippon could not be reached for comment.
In other news . . .
Hawaiian Electric Co. is redeeming some of its preferred stock . . . Owens Corning said it will pay about $1.2 billion to settle asbestos-related lawsuits . . . Cynthia M. Trudell, president of a General Motors Corp. subsidiary in England, will take over the automaker's Saturn Corp. division, possibly becoming the first woman to run a U.S. auto company . . . British publisher Emap PLC is acquiring Petersen Companies Inc., publisher of Hot Rod, Motor Trend and other magazines . . . InfoSpace.com Inc. rose $5 to $20 in its first day of trading as a public company.
See expanded coverage in today's Honolulu Star-Bulletin.
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