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Business Briefs

Reported by Star-Bulletin staff & wire

Tuesday, February 6, 2001

Hawaii sits atop U.S. sales survey

Hawaii retail sales growth led the nation in January, according to a survey of purchases made by check. Houston-based TeleCheck Services Inc., a check verification firm, said the dollar volume of sales by check rose 3.5 percent last month compared with January 2000. The nationwide average of 26 states and 33 major cities surveyed was 2.0 percent growth. The next highest area after Hawaii was Houston with 3.4 percent sales growth. TeleCheck, a unit of Atlanta-based First Data Corp., measures check sales in stores opened more than a year.

A&B completes sale of three buildings

Alexander & Baldwin Inc. said today it has completed the sale of three properties in Washington State for a total of $15.6 million. The real estate was sold through a subsidiary, A&B Properties Inc. The properties, all on Bainbridge Island near Seattle, were a 97,000-square-foot shopping center and two buildings nearby -- an office building of 9,000 square feet and a retail building of 8,400 square feet. A&B said it bought the shopping center in 1990 and the office building in 1997, and developed the retail structure in 1998 on property it acquired in 1996. The buyer of all three was Joshua Green Corp.

In other news. . .

Bullet SAN JOSE, Calif. -- JDS Uniphase Corp., the biggest maker of fiber-optic components, said it gained Justice Department approval for its $17.6 billion acquisition of rival SDL Inc. To satisfy U.S. antitrust concerns, JDS Uniphase agreed to sell a Swiss plant to Nortel Networks Corp. for about $3 billion.

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