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A Yahoo employee took a walk outside the company's headquarters in Santa Clara, Calif., yesterday after CEO Timothy Koogle announced he is stepping down. The report sent shockwaves through the dot-com industry. See story.
Associated Press |
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NEWS UPDATE
Posted at 9:35 a.m., March 8, 2001
Cruise line to homeport newer ship in Hawai'i
Norwegian Cruise Line today said it will homeport a newer, bigger ship than originally planned in Hawai‘i later this year.
City Bank plans aggressive media campaign
Concerned about its lack of market identity, City Bank is launching its biggest marketing campaign in nearly a decade to strengthen its brand name and, it is hoped, lure new customers.
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Visitor industry criticizes wholesale hotel tax
A bill that would impose the state hotel room tax on tour wholesalers drew ire from the industry yesterday, which said the added cost to Hawai'i vacations could steer travelers elsewhere. |
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Congress to repeal workplace safety regulations
Legislation to repeal brand new workplace ergonomic safety regulations awaits President Bush's signature after an intense lobbying campaign in Congress. |
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Yahoo chief's departure called a shock
Yahoo dropped a bomb on Wall Street with news that chief executive officer Timothy Koogle, 49, was stepping down and that revenue for the current quarter would be well below expectations. |
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Fed survey indicates rebound, though weak
Federal Reserve officials continued to talk up the economy yesterday, as Fed Chairman Alan Greenspan warned bankers not to withhold loans from healthy borrowers. |
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Car audio systems toying with MP3
The race is on to market in-car audio systems that will end the behind-the-wheel fumbling for cassette tapes or CDs, by storing and playing files in the MP3 format. |
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Movies getting much costlier all around
Movie costs rose on all sides last year, with studios shelling out millions of dollars more on major films and consumers paying an average of 6.3 percent more for tickets. |
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TWA workers fear Icahn bid
Carl Icahn has emerged as a possible buyer of bankrupt TWA, reviving bad memories for longtime pilots and pther employees, who hope a judge will exclude Icahn's $650 million bid Friday. |
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Business briefs
Kona companies settle litigation; Local developer purchases hotel. |
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