Business briefs
Advertiser Staff
The parent company of First Hawaiian Bank said its first-quarter earnings rose 56 percent in large part because of the acquisition of United California Bank on March 15 last year.
Honolulu-based BancWest Corp., a subsidiary of Paris-based BNPParibas, said net income for the first quarter was $102.1 million, compared with $65.4 million last year. BancWest's total assets were $34.9 billion as of March 31, up 4.8 percent from a year earlier.
United cuts Honolulu flight
United Airlines is cutting one of its San Francisco-Honolulu flights in May because of a drop in bookings since the start of the war in Iraq.
United operates four daily flights from Honolulu to San Francisco and will reduce that to three from May 5 to June 11, said spokesman Joe Hopkins. The rest of the Hawai'i schedule will remain the same, he said.
United said it would reduce its flight schedule systemwide by 12 percent in May.
Gannett buys '101 Things'
Gannett Co. Inc. has purchased the "101 Things to Do" in Hawai'i magazines from owner Greg Gardiner.
Terms of the sale were not disclosed.
The four quarterly magazines, covering events and activities on Kaua'i, O'ahu, Maui and the Big Island, were published through Gardiner's companies, 101 Inc. and G&L Investments Inc.
Gannett, which also owns The Honolulu Advertiser, also acquired the 101thingstodo.com Web site and the right to expand the 101 franchise.
The "101 Things to Do" magazines and Web site will be operated in connection with Hawaii.com rather than with The Advertiser.
Chief picked for Waiawa project
Gentry Investment Properties has hired former Campbell Estate chief executive David McCoy to head its massive housing plan for Waiawa in Central O'ahu.
McCoy will oversee planning and development as director of the Waiawa development, envisioned to be a master-planned community with around 5,000 homes, schools, recreational and shopping centers over 1,100 acres.
McCoy in November resigned after 10 years with Campbell Estate, the developer of Kapolei.
