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hawaiiState gets grant to get people off unemployment

Hawaii is receiving $125,000 of an $18 million national grant to help recipients of unemployment insurance get jobs.

As part of the project, One-Stop Career Centers will require in-person interviews with certain recipients to examine their eligibility for benefits. The state and other agencies receiving the grant have agreed to take part in a federal labor study of the initiative.

Analyst upgrades Bank of Hawaii

Analyst Frederick Cannon at Keefe, Bruyette & Woods has raised Bank of Hawaii Corp. to "outperform" from "market perform".

The analyst targets a stock price of $54 per share. The stock closed yesterday up 42 cents at $46.10, off a 52-week high of $51.10 on Dec. 30.

nationJudge rules against Web reporters

SAN JOSE, Calif. » A California judge ruled yesterday that three independent online reporters may have to divulge confidential sources in a lawsuit brought by Apple Computer Inc., ruling that there are no legal protections for those who publish a company's trade secrets.

Apple sued 25 employees who allegedly leaked confidential product information to three Web publishers. The Cupertino-based company said the leaks violated nondisclosure agreements and California's Uniform Trade Secrets Act. Company attorneys demanded that the reporters identify their sources.

The reporters sought a protective order against the subpoenas, saying that identifying sources would create a "chilling effect" that could erode the media's ability to report in the public's interest.

But Santa Clara County Superior Court Judge James Kleinberg ruled in Apple's favor, saying that reporters who published "stolen property" weren't entitled to protections.

Trump mulls buying pageant

ATLANTIC CITY, N.J. » He's a reality TV star, a billionaire and he knows a thing or two about beautiful women -- between the ones he's married and the beauty pageants he already owns.

Who better to rescue a damsel in distress than Donald Trump?

Trump has approached the Miss America Organization about buying the famous pageant, which is fighting for survival after being dumped by ABC because of declining ratings.

"I've talked to them, but I have not made an offer," said Trump, an owner of the Miss Universe and Miss USA pageants. "It's tough: The networks don't want to put it on, and I'd like to do whatever I can to help them out."

If he bought Miss America, he would keep it in Atlantic City but make it more watchable, Trump said. When asked how, he wouldn't say, except to say he would maintain the "integrity" of the contest.

Ebbers jury to continue Monday

NEW YORK » Jurors in the trial of former WorldCom chief Bernard Ebbers failed to reach a verdict yesterday as they reviewed testimony by Cynthia Cooper, the woman credited with exposing the telecommunications company's $11 billion fraud.

The jury returns Monday.