Reported by Star-Bulletin staff & wire
Friday, September 10, 1999
Kihei mall sells for $6.3 million
A local partnership has acquired Maui's Kukui Mall for $6.3 million. Sheridan Ing Partners Hawaii and Olomana Land Investments said it bought the 40,073-square-foot Kihei shopping center from B & M Investments Inc. Richard Ing, partner in Sheridan Ing Partners, said his group is looking to add new tenants and building improvements later this year. Tenants at the Kukui Mall, which serves the Kihei, Wailea and Makena communities, include Consolidated Theatres, Local Motion and Walden Books.
Internet pioneer steps down at AOL
Marc Andreessen, who co-founded Netscape Communications Corp. and joined America Online Inc. when the companies merged, is shifting out of the chief technology position at the online giant. AOL said today that Andreessen is moving to a part-time strategic advisory role, focusing on the company's increasing investment activities. Sun Microsystem's William J. Raduchel will take over as chief technology officer.
Bayer makes bottles less of a headache
PITTSBURGH -- Don't worry about getting that wad of cotton out of the aspirin bottle: It's not there any more. Without any fanfare, the folks at Bayer AG removed the cotton from their Genuine Bayer bottles earlier this year, ending forever the frustrating practice of picking it out to get at the tiny headache-stopping tablets.
WWF ready to bring its show to Wall St.
WASHINGTON -- World Wrestling Federation Entertainment Inc. disclosed today the details of its planned initial stock offering, saying it expects to raise $140 million to $160 million in the sale. The media and entertainment company, known for its mask-wearing, T-shirt-tearing wrestlers and dramatic TV programming, said it plans to offer 10 million shares for between $14 and $16 apiece. In August, the Stamford, Conn.-based firm filed to offer up to $172.5 million in common stock but didn't detail terms of the offering.