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In his presentation to the House Financial Services Committee, Federal Reserve chairman Alan Greenspan blamed much of the economy's weakness on an effort by businesses to cut back quickly on production in the face of falling sales. See story.
Associated Press |
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Three Hawai'i golf courses up for sale
Three Island golf courses with ownership ties to Japan are being put up for sale in an offering that could yield almost $100 million.
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Greenspan warns of economy slowdown
Federal Reserve Chairman Alan Greenspan said the economic slowdown "has yet to run its full course" and signaled the central bank is ready to cut interest rates again to rev up growth. |
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Statewide jobless rate rises to 4.1 percent
Elimination of temporary seasonal jobs contributed to an increase in Hawai'i's unemployment rate to 4.1 percent in January from 3.6 percent in December, according to state figures released yesterday. |
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TWA executive to be Hawaiian Air financial chief
Hawaiian Airlines is expected to name industry veteran Christine Deister as its new chief financial officer today. |
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Royal Lahaina housekeepers stage one-day walkout
Housekeepers at Royal Lahaina Resort walked off the job yesterday as contract negotiations between the ILWU and hotel management entered their 10th month. |
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Aloha Airlines fined over fare ads
Aloha Airlines has been fined $10,000 by federal transportation officials for what was called deceptive advertising practices regarding fares to Las Vegas. |
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Wired future for courtrooms
In a not-too-distant future, courtrooms could exist only in cyberspace, with crime scenes re-created as holograms and trial participants seeing each other only through virtual reality glasses. |
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Coke, Disney plan joint marketing
Coca-Cola Co., the world's No. 1 soft-drink maker, said it will market juices and other drinks for children with Walt Disney Co. Packages will feature Disney characters. |
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WorldCom cuts nearly 6,000 workers
WorldCom Inc., the nation's second-largest provider of long distance service, yesterday laid off about 6,000 U.S. employees, or roughly 7 percent of its worldwide work force. |
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