Business Briefs

Reported by Star-Bulletin staff & wire

Wednesday, December 29, 1999

Hawaii health plan adds dental coverage

University Health Alliance has entered a partnership with Hawaii Family Dental Centers and will start offering dental services Jan. 1 to UHA health plan members. UHA, a mutual benefit health plan, currently provides group health, drug and vision plans. UHA dental plan members will be able to use the 11 Hawaii Family Dental Centers clinics and get benefits that include two examinations a year.

SBA offers tax class for isle businesses

The U.S. Small Business Administration has teamed up with the Internal Revenue Service to offer free and confidential tax help to small businesses in Hawaii. The consultations with IRS agents will be held on the third Wednesday of each month, between 9 a.m. and 2 p.m., starting Jan. 19, at the SBA's Business Information and Counseling Center, 111 Bishop St., Suite 204.

To make an appointment, call the BICC at 522-8130. The SBA is advising businesses to call early.

Schwab expects strong earnings

SAN FRANCISCO -- Charles Schwab Corp., the world's biggest online broker, said it expects fourth-quarter net income to rise as much as 67 percent, topping analysts' estimates, as Internet trading surged. The San Francisco-based firm said it would earn between $162 million and $171 million, or 19 cents and 20 cents a share. The results would top the average forecast of 17 cents, according to Bloomberg News.

Shareholders OK Viacom-CBS deal

NEW YORK -- Viacom Inc. and CBS Corp. shareholders approved Viacom's planned $47.5 billion acquisition of CBS, the largest-ever purchase of a media company. Among Viacom Class A shareholders who voted, about 99.7 percent approved the purchase. About 98.7 percent of the votes cast by CBS shareholders were in favor of the sale.

The companies expect the transaction to be completed early next year. The purchase is still subject to U.S. government review.

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