Thursday, February 1, 2001
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The JC Penney store at Memorial Mall in Sheboygan, Wis., closed Saturday, another casualty of the nation's economic downturn. The Fed yesterday lowered interest rates in an effort to boost the economy.

Associated Press library photo • Jan. 22, 2001

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Interest rates drop further
Hawai'i consumers and businesses are expected to feel immediate and far-reaching effects from yesterday's move by the Federal Reserve Board to further pare interest rates and stimulate a rapidly slowing U.S. economy.
Fed drops interest rates amid worsening outlook

Business Outlook 2001
The seeds are planted, but the future is uncertain. How will Hawai'i's economy fare in 2001?

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Repair forces cancellation of Independence cruise
The 860-passenger Maui-based cruise ship Independence will head for an unscheduled weeklong repair in March to rebuild the bow thruster that helps dock the 30,000-ton ship.
Schuler earnings surged in 2000
Schuler Homes Inc. yesterday reported strong earnings for the year as the company nears completion of a merger that will double the size of the Hawai'i-based home builder and make it one of the largest in the country.
Hawaiian Air chief given strategic position
Hawaiian Airlines president and chief executive officer Paul Casey has assumed a new position with the company designed to let him focus more attention on strategic planning.
Oceanic undergoes leadership change
Oceanic Cable begins a gradual leadership change today as a new president, Nate Smith, takes over from longtime chief Don Carroll.
Business briefs
AOL Time posts $1 billion loss; Wireless license auction delayed; American, TWA mesh services; CNNfn changes name, strategy
Page Posted On: Thursday, February 1, 2001
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