Business Briefs

Reported by Star-Bulletin staff & wire

Friday, January 8, 1999

Windward Nissan gets new owners

The Windward Oahu Nissan car dealership has been sold and will close for about three weeks for renovations.

Nissan Motor Corp. in Hawaii said yesterday that local auto executives Charlie King and Ron Hansen have bought the dealership from David Chun, who operated the business for 20 years. No sales price was disclosed.

The dealership's 37 employees will have to reapply for their jobs, Nissan said. The dealership will be closed until Feb. 1 for renovations and repairs. Customers in need of service should contact the other three Nissan dealerships in Hawaii, the company said.

Heenan to lead Campbell trustees

The trustees for the Estate of James Campbell, one of Hawaii's largest land-owners, has elected David A. Heenan chairman for 1999. He succeeds trustee Clinton R. Churchill. The trustees chose a new chairman each year. Thomas C. Leppert is the estate's third trustee. Campbell Estate is looking to replace the fourth trustee, Paul R. Cassiday, who retired at the end of 1998. stock a hit on Wall Street

NEW YORK -- declined to comment on a 74 percent run-up in the Internet broadcaster's stock, which caught fire this morning and jumped $98 to $230 by early afternoon. The stock later pared its gain to close at $197.50, up $65.50 from yesterday's close.

The Nasdaq stock market said it asked the company if there were any corporate developments that may explain the unusual trading activity in the stock. In response, stated that it was company policy not to comment on unusual market activity.

In other news . . .

n MURRAY HILL, N.J. -- Lucent Technologies Inc. will see a first-quarter gain of $1.3 billion from an accounting change related to its pension and post-retirement benefit expenses.

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