Reported by Star-Bulletin staff & wire
Friday, February 5, 1999
Calif. tour company to go direct to Kauai
Sunquest Trips will run a 379-seat DC-10 jet service once a week from San Francisco to Lihue, Kauai, starting April 9.The San Jose, Calif.-based tour company, a division of North American Leisure Group, will run the flight each Friday through Aug. 27. The Kauai Visitors Bureau said the new service will be a welcome convenience for Northern California travelers to Kauai.
GM spinoff rises in market debut
TROY, Mich. -- Delphi Automotive Systems, a General Motors Corp. unit and the world's biggest auto-parts maker, rose as much as 12 percent in the first day of trading after its initial sale. The Troy, Mich.-based company sold 100 million shares at $17 each in the seventh-largest initial public offering by a U.S. company this decade. In New York Stock Exchange trading, Delphi's shares rose $1.44 to close at $18.44 after earlier hitting $19, according to Bloomberg News.
E*Trade goes offline for third day
NEW YORK -- Online brokerage E*Trade suffered another trading outage today, its third in as many days, sending its own stock plunging. The cause of the latest outage was unclear. E*Trade Group Inc. spokeswoman Susan Walker said the company has corrected a software glitch that had interrupted trading on Wednesday and yesterday. Today's outage, which did not affect all the brokerage's customers, lasted about 29 minutes in the middle of the trading day, according to the Palo Alto, Calif.-based company.
CompUSA to make unit independent
NEW YORK -- In a bid to exploit today's eager market for Internet-related stocks, CompUSA Inc. says it plans to make its mail-order and online retailing unit -- CompUSA Direct -- an independent entity.However, the Dallas-based computer retailer said yesterday it had not decided whether to shed the unit through an initial public stock offering or spin it off to shareholders.
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