Business Briefs
Reported by Star-Bulletin staff & wire




Queen's nurses voting today

Striking nurses from Queen's Medical Center are voting today on whether to ratify a tentative contract.

If the contract is approved, the nurses could return to work by Jan. 24.

The vote was scheduled to take place between 8 a.m. and 6 p.m. at the Laborers International Union Headquarters on Palama Street.

Union negotiators and officials from Queen's approved a back-to-work agreement on Tuesday.

Under terms of the agreement, nurses will not lose seniority for time lost due to the strike. They will also not be required to work with replacement nurses flown in by the hospital during the strike.

Union negotiators and officials from St. Francis Medical Center return to the bargaining table at 9 a.m. tomorrow at the Hawaii Employers Council.

The two sides have met only once since the strike began Dec. 2.

Marathon draws Japan viewers

Some 2.48 million viewers in Japan watched a Monday airing of the 2002 Honolulu Marathon, and further coverage is scheduled in the Middle East and Europe, according to the Honolulu Marathon Association.

Footage has already been aired on the U.S. sports cable networks MSG and Fox Sports NY, and in the Netherlands, where 3.5 million viewers watched a 5-minute New Year's Day segment on Prince Pieter-Christiaan, who ran the marathon in 3 hours and 52 minutes.

With 26,477 finishers and 30,428 entrants, the 30th Honolulu Marathon was the fourth largest marathon in the world.

A 30-minute tape of the marathon is to be aired on KHNL at 1:30 p.m. on Feb. 2.

Kamakura promotes Sherman

Manoa-based software firm Kamakura Corp. named Warren Sherman as president and chief operating officer yesterday.

Former President Donald van Deventer will remain chief executive and was named chairman.

Sherman, formerly of Pennsylvania-based Sungard Data Systems Inc., joined Kamakura in February 2002 as managing director for client services. That role has now been filled by Ardi Tavakol, a company senior vice president since 1998.

The company, which deals in risk-management software, also named Leonard Matz as managing director.

Matz joined Kamakura in July 2002 as senior vice president.

Kamakura's customers include major foreign finance companies Deutsche Bank, Commonwealth Bank of Australia, Chuo Mitsui Trust & Banking and Daewoo Securities Co.

Federated to close stores, cuts outlook

Cincinnati >> Three days after confirming it will open a second Macy's store on Maui, Federated Department Stores Inc. said profit this year will be less than forecast. It plans to close 11 stores and fire at least 1,500 workers at Macy's and Rich's chains being consolidated in Atlanta, according to a Bloomberg News report.

Federated will close four Macy's stores and convert two others to Bloomingdale's. Another Macy's store will be switched to a Rich's-Macy's furniture store, the company said in a statement. Four additional stores in Indiana, Tennessee and New Jersey will be closed.

Sales at Federated-owned stores open at least a year have dropped 19 out of the past 23 months as shoppers trim spending. The chain has also lost customers to rival retailers that offer merchandise at lower prices.

Federated shares fell $1.58, or 5.3 percent, to $28.32 in midday New York Stock Exchange composite trading.

Yahoo earnings beat analysts' expectations

SAN FRANCISCO >> Yahoo! Inc. reversed a year-ago loss and surpassed analysts' expectations for the third straight quarter, indicating further progress in the Internet icon's turnaround strategy.

The Sunnyvale-based company posted a fourth-quarter profit of $46.2 million, or 8 cents per share, reversing a loss of $8.7 million, or 2 cents per share, at the same time in the prior year. The earnings topped by 2 cents the consensus estimate of 6 cents per share among analysts polled by Thomson First Call.

[Hawaii Inc.]

New jobs

>> Grant Y. M. Chun has joined A&B Properties Inc. as vice president. His responsibilities include land use planning and strategic business development. He most recently served four years as Maui County managing director.

>> Canon USA Hawaii Branch Director Hirohisa Asari will retire and return to Japan at the end of January. He began his career 37 years ago as a camera service engineer. He worked his way up the ladder and moved to New York in 1979, serving as camera service technical support adviser for all operations and printer OEM administrator before his Hawaii assignment. Asari's duties will be split between Honolulu Assistant Office Manager Jeff Fukui and Canon's Irvine, Calif., branch manager.

>> Linda Cabral has been named account director for Gilbert & Associates, replacing former Vice President LuAnne Riley. Cabral's main role at Gilbert is client liaison to the media.


>> Clear Channel Hawaii has named Sheila Sasaki employee of the year for 2002. As business administrator, Sasaki handles payroll, accounting and human resources for the broadcast communication company. She has worked at Clear Channel since 1999. The company operates seven radio stations in Hawaii, including KSSK.

>> Caron B Realty has named Mark Sperry Top Salesperson for 2002.

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