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Reported by Star-Bulletin staff & wire
Wednesday, September 6, 2000
Hawaii retail sales beat U.S. average
Hawaii is still near the top of the nationwide list for growth in retail sales, according to a monthly survey that tallies purchases made with checks.The value of sales by check in Hawaii rose 5.3 percent last month from August 1999, according to Houston-based TeleCheck, a check-verification company. Nationwide sales rose 3.8 percent during the same period.
Pennsylvania, with 5.4 percent growth, was the only state to edge out Hawaii, which has been at or near the top of TeleCheck's list since last Christmas' shopping season. TeleCheck counts only purchases paid by check in stores open for more than a year. Checks account for about one-third of retail spending, according to TeleCheck.
Credit union opens branch in Waipahu
HawaiiUSA Federal Credit Union is opening its seventh branch on Oahu at the Waipahu Town Center. The branch, on Farrington Highway next to Safeway, will have five employees. HawaiiUSA, formerly the Oahu Educational Employees FCU, last month moved its Pearl City Branch to bigger quarters in the Aiea Shopping Center. Other branches are in Mililani, Windward Mall, Ala Moana, Kaimuki and downtown.
Real estate firms merge on Kauai
Pacific Paradise Properties Corp. has been merged into Century 21 All Islands on Kauai, introducing commercial real estate customers to a bigger system with more resources. The combined company will retain the name Century 21 All Islands and will operate out of 5-4280 Kuhio Highway, Suite B5. Century 21 now has a total six offices on Maui, Oahu, Kauai and the Big Island, with 150 employees. The company merged with Paradise Found Properties Inc. on Maui in May.
In other news . . .
NEW YORK -- J.P. Morgan & Co. shares jumped $7.81 to $167.75 today after a German magazine reported Deutsche Bank AG, Europe's biggest bank, is in talks to buy the U.S. investment bank. Both firms declined to comment.