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Reported by Star-Bulletin staff & wire
Wednesday, January 31, 2001
Castle relocating 32 Honolulu workers
Castle Resorts & Hotels is moving out of its two separate offices on Fort Street and King Street and into a small McCully building at 2032 S. Beretania Street, vacated last year by consulting firm PKF-Hawaii LLP.The move, which officially happens tomorrow, will consolidate employees at Castle's corporate office at the Amfac Center and a reservation center the company bought in April. Its new 4,000-square-foot office on Beretania will house 22 reservation and management employees, while 10 workers in the accounting department will relocate to Aiea. None of the Castle's total 600 employees would be laid off in the move, said spokesman Alan Mattson.
Castle's parent company is Honolulu-based Castle Group Inc.
Isle auto parts firm expanding to Colorado
A fast-growing automotive equipment distributor based in Kahala is expanding to the mainland with plans to open a branch office in Colorado Springs, Colo., on March 1.Automotive Equipment & Supply LLC, founded in 1995 by resident Lou Cardoza, has seen its distribution lines jump to 40 from two in the past five years, the company said. Annual revenues have more than tripled at the family-run business, reaching $367,619 in 1999 from $111,706 in 1997. Lou Cardoza's son, J.R. Cardoza, will manage the new office.
In other news . . .
NEW YORK -- AOL Time Warner Inc., in its first combined earnings report since merging, posted a net loss of more than $1 billion, though pretax operating earnings rose 14 percent in the fourth quarter from a year ago. Earnings before interest, taxes , depreciation and amortization rose to $2.4 billion compared with $2.1 billion a year ago. On a per-share basis, the results met analysts' forecasts of 14 cents.