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Reported by Star-Bulletin staff & wire
Tuesday, October 24, 2000
Key state and county purchasing officials will explain to local businesses how they can sell more goods and services to the government in a workshop and seminar Nov. 1 at Fort Shafter. Business seminar
to focus on selling
to governmentStar-Bulletin staff
The session, arranged by the local chapter of the National Contract Management Association and the state Department of Business, Economic Development & Tourism, will be held at the Hale Ikena Club, starting at 9 a.m.
It will include panel discussions and guest speakers, including City Finance Director Malcolm Tom and Lt. Gov. Mazie Hirono, and an opportunity for businesses to meet with government officials.
The admission fee is $40 for NCMA members and $50 for nonmembers. Lunch is included in the price.
For information and reservations contact Hector Venegas, phone 523-2931, fax 537-9242 or email hector@pixi.com.
AOL extends talks with regulators
WASHINGTON -- America Online Inc. has decided to extend for another two weeks, to Nov. 10, its talks with the Federal Trade Commission on its proposed merger with Time Warner Inc., persons close to the situation said today. A spokesman for the FTC had no comment. Antitrust law has very limited deadlines for federal authorities to review mergers, but companies may extend those deadlines if they do not reach an agreement with the government.
Amazon.com loss better than expected
SEATTLE -- Online retail giant Amazon.com Inc. posted quarterly financial results today that blew away estimates, surprising Wall Street with a smaller loss than it reported a year ago as sales rose almost 80 percent. The Seattle-based company said that on a pro forma basis its operating loss was $68 million, or 25 cents per share for the third quarter ended Sept. 30, compared with a loss of $79 million, or 26 cents a share a year earlier.
Compaq earnings rocket higher
NEW YORK -- Compaq Computer Corp., the world's No. 1 personal computer maker, today reported that its third-quarter profit jumped nearly fourfold on strong sales throughout its product lines. The Houston-based company reported third-quarter net income of $550 million, or 31 cents a share, including a net investment gain of $25 million, compared with $140 million, or 8 cents, in the third quarter a year ago. Excluding the investment gain, Compaq earned 30 cents a share, beating the Wall Street estimate of 29 cents.
In other news . . .
SAN FRANCISCO -- Chevron Corp. reported today that its third-quarter profits nearly tripled as the oil giant cashed in on the rising gasoline prices that infuriated motorists all summer long. The San Francisco-based company earned $1.53 billion, or $2.35 a share, during the three months ended Sept. 30, compared with last year's profit of $582 million, or 88 cents a share. The results exceeded expectations.