Advertisement - Click to support our sponsors.

Business Briefs

Reported by Star-Bulletin staff & wire

Wednesday, December 20, 2000

ANA's Haneda flights to isles may hit 50

All Nippon Airways Co. said today it will run six charter flights to Honolulu in February from Haneda Airport 15 minutes away from Tokyo. And Tom Fredo, a New York spokesman for the airline, said that while no more have been scheduled, it is possible that ANA could run as many as 50 Haneda-Honolulu charters next year. Tokyo-Hawaii flights mostly come from Narita International Airport, more than an hour away. Now, however, Haneda is being opened to a limited number of international charter flights. ANA also runs three daily flights to Hawaii from other Japan airports.

Castle & Cooke taps new president

Castle & Cooke Inc., owner of the Lanai resorts and a major homebuilder in Hawaii and on the mainland, has named Edward C. Roohan, 37, as its president and chief operating officer. Roohan joined the company in 1993 and most recently was vice president and chief financial officer. He is a certified public accountant who worked for Arthur Anderson & Co. for eight years before joining Castle & Cooke. Chairman David H. Murdock took Castle & Cooke private earlier this year in a transaction valued at more than $650 million.

Applied Micro, Noble to move into S&P 500

Applied Micro Circuits Corp., one of the best-performing stocks in the Nasdaq 100 index this year, will replace J.P. Morgan & Co. in the Standard & Poor's 500 index after the close of trading on Dec. 29, S&P said.

The maker of chips for fiber-optic telecommunications equipment is filling the slot in the index that will be left vacant after Chase Manhattan Corp. acquires J.P. Morgan later this month, S&P said. The purchase is expected to close by Dec. 31. S&P also said that oil driller Noble Drilling Corp. will replace Time Warner Inc. in the S&P 500 on a date to be announced. Time Warner is being acquired by America Online Inc. Meanwhile, J.P. Morgan Chase & Co., the company that will be created with the J.P. Morgan-Chase merger, will replace J.P. Morgan in the Dow Jones industrial average, Dow Jones & Co. said.