IN HAWAII
ACS State Healthcare expands downtown
ACS State Healthcare is nearly tripling the space it leases in Alexander & Baldwin Properties' Pacific Guardian Tower building, A&B said today. ACS is moving from the 5,300 square feet it leased on the 10th floor to more than 14,000 square feet comprising the entire 14th floor, A&B said. The value of the five-year lease was not disclosed.ACS State Healthcare has contracts with the state to process claims under the state Medicaid program.
The 18-story Pacific Guardian Tower, on the corner of Kapiolani Boulevard and Keeamumoku Street, contains 125,900 square feet of leasable space.
Alexander & Baldwin Properties is the property development and management subsidiary of Alexander & Baldwin Inc.
Aloha Airlines drops fares for West Coast
Aloha Airlines said yesterday it will offer a special West Coast fare of $299 during September for round-trip travel originating from Hawaii. The fare applies to Aloha's daily nonstop flights to Oakland from Honolulu, Maui or Kona. Also included are Aloha flights to Orange County and Las Vegas from Honolulu or Maui, daily nonstops to Burbank from Honolulu, or the new daily direct flight from Maui to Phoenix. Tickets must be purchased between July 24 and Aug. 16. Seats are limited and some fees and restrictions apply.Aloha said tickets will be nonrefundable and a fee of $100 applies to any change made. In addition, no stopovers are permitted.
Hawaiian Airlines spokesman Keoni Wagner said the airline has not yet decided whether to match Aloha's fares.
"We haven't matched to this point but we are carefully considering it," he said.
Aloha is also offering a special $399 round-trip fare to Vancouver, Canada, from Honolulu, Maui, Kauai or the Big Island. That fare is available through July 31 for travel through Sept. 30. Change fees are some restrictions apply.
National airlines group honors Gov. Cayetano
The Air Transport Association has recognized Gov. Ben Cayetano for his support for air transportation during his two terms as governor of Hawaii.The airline trade organization said that since taking office, Cayetano has fostered cooperation between airport officials and airlines that serve the state on capital improvement programs and other aspects of statewide airport management. The association commended Cayetano for his efforts to maintain airlift to Hawaii immediately after the events of Sept. 11.
It also noted that the state has experienced dramatic growth in the number of domestic departures and arrivals. Airline departures have risen 38 percent since Cayetano took office, compared to a national average of 2 percent. The ATA plans to recognize Cayetano tomorrow during a special event at the state Capitol.
ON THE MAINLAND
SEC rule says analysts must affirm their picks
WASHINGTON >> Wall Street analysts must affirm that their stock picks aren't influenced by compensation or their employer's investment banking business under a proposed rule backed yesterday by the Securities and Exchange Commission.The regulation, which is subject to a public comment period and another vote, is a "start on the road to improving investor confidence," SEC Chairman Harvey Pitt said.
The move follows a new SEC requirement that the 1,000 largest corporations provide sworn statements from their chief executives vouching for the accuracy of financial reports.
Pitt urged investment firms to start requiring analysts to verify the accuracy of their stock recommendations now instead of waiting for the government's rule-making process to issue a mandate.
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[Hawaii Inc.]
New Jobs
>> The Hawaii Business Health Council has named Gary Allen its first executive director. Allen has 33 years of experience in the health care industry, including 15 years in Hawaii. He will be responsible for administering the day-to-day operations and carrying out the overall direction of the Hawaii Business Health Council. Allen was most recently president and founder of E-Storage Inc.>>Ernst & Young's Honolulu office has admitted Terri Fujii to its partnership. She has more than 16 years of experience serving the health care industry.
Her background includes financial analysis and modeling, cost management, organizational planning, operational reviews and financial audits.
>> Catherine Tanaka has been named marketing representative at Xerox Hawaii. Her service territory includes downtown Honolulu. Tanaka most recently served as an executive assistant at McCann-Erickson San Francisco.
Promotions
>> Dawn Suyenaga has been named senior vice president and chief operating officer of Gentry Pacific Ltd. She will oversee the day-to-day management and operations for the company's investment and income properties.Suyenaga will continue to be the company's general counsel and a member of the board of directors for Gentry Homes Ltd., the company's land development and home building component. She has been with Gentry for 14 years.
>> Wimberly Allison Tong & Goo has promoted James G. Freeman to senior associate. He joined the architecture and design firm in 1997.
His projects have included Kauai Coast Resort in Kapaa and Kuhio Beach Park Expansion and Kalakaua Promenade in Waikiki, as well as many overseas assignments.