Business Briefs
Star-Bulletin staff
and wire services
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HAWAII
Mesa to post third-quarter loss
Mesa Air Group Inc. said in a regulatory filing yesterday it will post a net loss for its fiscal third quarter ended June 30 and needs additional time to file its financial report that was due later this week.
The parent of go! informed the Securities and Exchange Commission that it could not meet the filing deadline without "unreasonable effort or expense."
Mesa, which said it was unable to quantify its third-quarter loss, had net income of $2.6 million in the year-ago period.
Hawaii high for pre-foreclosures
Pre-foreclosures hit record highs in July both nationally and in Hawaii, according to data released yesterday by
Foreclosures.com, a California-based foreclosure information specialist.
More than 1.25 million Americans faced the risk of losing their homes to foreclosure, up 7.3 percent from June, and up 88.62 percent from a year earlier.
Hawaii ranked 12th in the U.S. with 373 pre-foreclosure filings in July. It was among 14 states that posted record totals for the month.
The company bases its analysis on the number of formal notices filed against a property during the foreclosure process. Pre-foreclosure filings are the first notice and do not all end up foreclosed.
USAA removes ex-military rules
USAA, a diversified financial services group of companies, is eliminating requirements for former military personnel to join -- opening USAA services to millions more members of the military community. USAA provides financial planning, insurance, investments, and banking products to members of the U.S. military and their families.
Membership is now open to: Military retirees, regardless of when they retired; military personnel who were honorably discharged on or after Jan. 1, 1996; widows or widowers of military personnel killed in action; spouses and children of the above once they become a member.
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