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Reported by Star-Bulletin staff & wire
Friday, September 8, 2000
Schuler shares moving briskly
Shares in Schuler Homes Inc. fell 13 percent today in heavier-than-normal trading, one day after the stock shot up 22 percent to a 52-week high.Schuler closed at $10 today, down $1.50 on volume of 69,500, the highest of the past six months. Yesterday the stock soared $2.06 to close at $11.50 on volume of 59,100 shares, the second-highest trading total.
The average daily volume for Schuler the past six months has been about 7,900 shares.
Richard Dole, a local analyst, said he wasn't aware of any news that would trigger the surges of the past two days. Company officials could not be reached yesterday and today for comment.
Schuler is listed in the latest Fortune magazine as the 38th fastest-growing company in the country.
Isle home insurer plans rate cuts
TIG Crum & Forster Insurance of Hawaii said it plans to reduce its rates on homeowners' policies by up to 40 percent, and by at least 35 percent for condominium owners and tenants, effective Oct. 1.TIG, which said it accounts for about 10 percent of home insurance policies statewide, also plans to introduce discounts for holders of multiple policies and for approved group programs, the company said yesterday. The Bishop Street company was formed recently by the merger of TIG and Crum & Forster.
Four airlines add $20 fuel surcharge
NEW YORK -- Four major U.S. airlines have added new fuel surcharges, amounting to a $20 increase on round-trip fares, starting with Continental Airlines. The surcharges, added to counteract the effects of surging fuel prices, were in effect yesterday, Continental said. The charges, which come on top of surcharges tacked on in January, were quickly matched by United, American, and Delta airlines.
In other news . . .
BURLINGTON, N.J. -- Shares of Burlington Coat Factory Warehouse Corp. rose 17 percent today after Standard & Poor's Corp. said the retailer will be added to S&P's SmallCap 600 Index.