Business Briefs

Reported by Star-Bulletin staff & wire

Monday, February 22, 1999

Hawaiian Air sees traffic increase

Hawaiian Airlines Inc. reported strong traffic for January, saying it carried 9.1 percent more passengers than it had in January 1998. The airline said today it carried 436,373 passengers last month, up from 400,120 in the year-earlier month. Last month, Hawaiian's aircraft were 71.6 percent full, up 6.3 points from 65.3 percent in the previous January. As well as its interisland service, Hawaiian also flies to the mainland and South Pacific.

CompuServe gets new look, prices

COLUMBUS, Ohio -- CompuServe, the pioneer online service that was overtaken and bought by America Online Inc., updated its software today as it tries to reposition itself as a home on the Internet for busy adults.

CompuServe says it will continue to serve the professional people key to its business, but with more user-friendly software, flashier features and lower prices for the service. The software upgrade, called CompuServe 2000, supports higher-speed modem connections and is easier for users to install and customize on their personal computers. Users will see a "Main Menu" screen with a continuously updated news ticker with headlines from The Associated Press, market analysis from and personalized folders. E-mail is easier to use, modeled after the version that helped America Online become the world's leading online service with more than 15 million subscribers. New members will pay $9.95 a month for 20 hours of online access, with each additional hour billed at less than 5 cents a minute. Also, CompuServe is cutting the cost of unlimited access from $24.95 to $19.95 a month.

In other news . . .

MINNEAPOLIS -- Best Buy Co. said today it will split its stock 2-for-1. On March 18, shareholders will receive one additional share for each share owned as of March 4. This is the company's sixth stock split since it went public in 1985.


Of Mutual Concern

News for mutual fund investors

Morningstar offers guide to top funds

Morningstar Inc. is offering a guide to what it says are the 500 best mutual funds on the market. The "Morningstar Mutual Fund 500," which sells for $35, gives a one-page summary of each fund. The page includes Morningstar's risk-adjusted star ratings, categories, top holdings, manager profiles, and 1998 year-end data. The book also includes articles by Morningstar editors discussing the latest trends and research.

Morningstar Mutual Fund 500 is now available in most bookstores, including Borders and Barnes & Noble, the company said. It can also be ordered by calling (800) 735-0700.

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