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HAWAII
Travel school finalists to make presentations
The three final candidates for dean of the Travel Industry Management school of the University of Hawaii will make public presentations later this month.Each presentation will be on the topic of "The Future of Travel Industry Management in the Asia-Pacific Region: Academic & Industry Synergies."
The candidates and the time of their presentations are as follows:
>> James F. Burke, dean of the Collins School of Hospitality Management at California State Polytechnic University. Wednesday, March 19, 4:30-6 p.m.The candidates, selected by a search committee, will also be interviewed by Peter Englert, chancellor of the Manoa campus. Englert will recommend a candidate to the Board of Regents.>> Walter Jamieson, vice chairman of the World Tourism Education and Research Centre at the University of Calgary in Alberta, Canada. Monday, March 17, 4:30-6 p.m.
>> Stephen L.J. Smith, professor in the Department of Recreation and Leisure Studies at the University of Waterloo in Ontario, Canada. Wednesday, March 12, 4:30-6 p.m.
New guide to government work
A new business has opened in Honolulu offering counseling services to help Hawaii businesses decide whether they can sell their goods or services to branches of the government, and to help them do so.The Hawaii Government Marketing Center at 1270 Queen Emma St. provides one-on-one advice sessions, training seminars on how the government does business, details of how to find and win government contracts, marketing services and technical help with electronic commerce.
Fees are low because it is a non-profit subsidiary of Hawaii Community Loan Fund and as such gets government grants and donations from the private sector, said Hector H. Venegas, director of marketing and outreach.
Larry G. Nelson is director of client services. He has 30 years of experience in contracting in Hawaii and has worked for the Coast Guard and the state government, as well as run his own e-commerce consultancy. For more information, call 523-2931 or visit www.hgmc.net.
HEI stock gets upgrade
Hawaiian Electric Industries Inc.'s stock, which has been slipping since hitting a 52-week high of $48.66 on Nov. 4, has been raised to "outperform" from "neutral" by analyst David Parker at Robert W. Baird & Co. Parker also established a 12-month target price of $44.The stock closed up 83 cents to $40.63 today on the New York Stock Exchange.
MAINLAND
Waksal pleads guilty to tax fraud
NEW YORK >> ImClone Systems founder Samuel Waksal pleaded guilty today to conspiracy and wire fraud, admitting that he avoided paying $1.2 million in taxes for paintings he purchased in the past three years.Waksal, a friend of Martha Stewart, has already pleaded guilty in an insider-trading scandal. The judge postponed Waksal's March 17 securities fraud sentencing because of the new charges.
Prosecutors said the artwork tax fraud charges arose from their investigation into biotechnology company ImClone.
Jazz owes Fuji over one-use camera
NEWARK, N.J. >> A company that recycled single-use cameras must pay Fuji Film Co. nearly $23 million for patent infringement, a federal judge ordered.Jazz Photo Corp., a Piscataway, N.J. firm, reloaded and relabeled used Fuji and Kodak cameras, and then sold them.
A jury last December agreed with Fuji Photo Film USA's claim that Jazz was stealing the technology.
In a ruling Friday, U.S. District Judge Faith Hochberg agreed -- and ordered the smaller company to pay the Elmsford, N.Y.-based U.S. arm of the Japanese film giant $22.9 million in damages for relabeling 38 million of Fuji's spent cameras between 1995 and 2001.
Fuji and Eastman Kodak Film Co., which licenses the technology from Fuji, both recycle the cameras by melting down and remolding the plastic cases.
High rate expected for corporate bankruptcies
NEW YORK >> U.S. corporate failures will remain at high levels this year, as heavy debt burdens continue forcing companies into bankruptcy in a slow economy, according to a study released today.About 180 publicly traded companies are likely to file this year to restructure themselves under Chapter 11 of the U.S. bankruptcy code, down slightly from 189 such filings in 2002 and from the record of 257 in 2001, the PricewaterhouseCoopers bankruptcy forecast found.
Failing companies were clustered in certain troubled industries such as telecommunica- tions and airlines -- sectors that continue to suffer from overcapacity, severe price competition and declining growth prospects, the report said.
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