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Business Briefs

Reported by Star-Bulletin staff & wire

Monday, October 30, 2000

Carlisle to talk on workplace violence

City Prosecutor Peter Carlisle will give advice on how to prevent violence in the workplace, at a luncheon seminar Nov. 14 organized by the Hawaii chapter of the Building Owners and Managers Association.

Tickets for the 11:45 a.m.-to-1:30 p.m. event at the Hawaii Prince Hotel are $25 for BOMA members and $35 for nonmembers. To register call BOMA at 832-0143, fax to 832-0142 or email gandlservices@att.net.

Isle group honors Ko Olina developers

Jeffrey Stone and Kevin Showe, co-managers of the Ko Olina Resort & Marina will receive the "Deal of the Year" award from the Hawaii chapter of the Financial Executives Institute, for their success in attracting $1 billion in development spending at the West Oahu resort. The award will be presented Nov. 16 at the FEI annual luncheon in the Iwilei Ballroom at Dole Cannery. For more information and to make reservations call Rick Ching, 521-6511.

Verizon earnings meet expectations

NEW YORK -- Verizon Communications, the biggest U.S. local-phone company, said third-quarter profit was almost unchanged as the company spent more money, partly on new services such as fast Internet connections.

Profit from operations was $1.99 billion, or 73 cents

a share. A year earlier, it was $2.0 billion, or 72 cents. The firm was expected to earn 73 cents, an average from analysts surveyed by First Call/Thomson Financial. Sales climbed 7.2 percent to $16.5 billion from $15.4 billion. Operating expenses at New York-based Verizon rose 6.9 percent to $12.7 billion from $11.9 billion. Interest expense rose 40 percent to $914 million from $655 million a year ago. Verizon is the parent of Verizon Hawaii, formerly GTE Hawaiian Tel.

In other news . . .

WASHINGTON -- Americans' incomes rose in September at the fastest pace in more than a year while their spending shot up by the largest amount since February. The Commerce Department said today that incomes rose by a strong 1.1 percent while spending, propelled by heavy demand for durable goods such as autos, was up 0.8 percent.