Posted on: Wednesday, June 16, 2004

BUSINESS BRIEFS
Hawaiian stock up 51 cents

Advertiser Staff and News Services

Shares in Hawaiian Holdings, the parent of Hawaiian Airlines, rose 51 cents to close at $5.70 yesterday, one day after an investment group led by San Diego-based Ranch Capital LLC said it has purchased 10 million shares in the company.

The stock had touched a 52-week high of $6.15 in intraday trading. Ranch Capital bought the stake from AIP LLC for $4.14 per share. As part of the purchase, John Adams will resign as Hawaiian Holdings' chairman and chief executive.

Hawaiian Airlines is scheduled to emerge from bankruptcy this fall.

Marathon expo shifting locale

The Honolulu Marathon expo will be held at the Hawai'i Convention Center Dec. 8 to 11 instead of the Outrigger Reef on the Beach, which has hosted the event in past years.

Organizers estimate between 54,000 and 81,000 visitors could come to the expo. Outrigger will remain the official hotel of the marathon.