BUSINESS BRIEFS
Fargo named Trex president
Advertiser Staff
Retired Adm. Thomas Fargo, the former commander of Pacific Command, has been named president of Trex Enterprises, a San Diego-based technology company with offices in Hawai'i.
Fargo joined Trex Enterprises in March after relinquishing his military command Feb. 26. Trex, which does research and development work in the areas of homeland security, defense and wireless communications, employs 65 people on Maui, Kaua'i and O'ahu. Another 100 employees work for Trex in its offices in San Diego, New Mexico and Massachusetts.
Fargo will continue as chairman of two of Trex's subsidiaries, Sago Systems Inc. and Loea Corp.
TECHNET EVENT SET FOR DEC. 5-8
The TechNet Asia-Pacific 2005 information technology conference will be Dec. 5 to 8 at the Sheraton Waikiki and Royal Hawaiian hotels.
More than 200 exhibitors will feature the latest in information technology, and speakers from each of Pacific Command's service branches and expert panelists will attend the annual conference, which is celebrating its 20th anniversary.
Co-sponsored by the Armed Forces Communications and Electronics Association Hawaii and AFCEA International, this year's conference theme is "Harnessing Information for Tomorrow's Flexible Mission Applications."
NYSE, NASDAQ DEALS ADVANCE
WASHINGTON — The Justice Department yesterday approved big mergers planned by the New York Stock Exchange and the Nasdaq Stock Market, saying the new combinations were not likely to damage competition.
The deals await approval from the Securities and Exchange Commission, which oversees U.S. stock markets. The separate mergers by the two biggest stock markets in the world, fierce competitors for investors, will reshape the securities markets.
The 213-year-old NYSE, with its floor auction system of human traders, plans to merge with all-electronic rival Archipelago Holdings Inc. in a $6 billion deal. Nasdaq, an electronic trading system, is purchasing Instinet Group Inc.'s electronic network for $1.88 billion.
