Rental manager gets new name
National Mortgage Real Estate Corp., a Honolulu-based real estate management company, announced today that it is changing its name to Hawaiian Properties.
The company, founded in 1929, handles 8,000 units including vacation rentals at condominiums, private homes and commercial properties across O'ahu.
WEB HUNT FREE AT TELID.COM
Ad-Ventures Hawaii has introduced an Internet service on O'ahu that allows people to use telephone numbers of 4,000 O'ahu companies listed in Ad-Ventures yellow pages to find the Web sites of those companies.
Ad-Ventures has an exclusive license to offer the service by TelID on O'ahu. The service can be used for free by visiting www.telid.com.
SERVICE SECTOR PICKS UP IN APRIL
WASHINGTON — America's service sector expanded with gusto and factories saw orders shoot up by the largest amount in nearly a year.
The Institute for Supply Management reported yesterday that its index of service-sector activity stood at 63 in April, compared with 60.5 in March.
A reading of 50 and above is indicative of a growing service sector. April's showing was better than analysts' forecast of 59.2.
TIME WARNER EARNINGS SOAR
NEW YORK — Time Warner Inc. reported a higher first-quarter profit yesterday, driven by strong results in cable TV and a gain from selling its book group, but investors were disappointed by another slump at AOL.
Profit at the New York-based media conglomerate jumped nearly 60 percent to $1.46 billion, or 32 cents a share, in the January-March period, from $915 million, or 19 cents per share, a year ago. Revenues rose 1 percent to $10.46 billion.
Correction: Ad-Ventures Hawaii's Internet service allows people to use telephone numbers of 4,000 O'ahu companies listed in Ad-Ventures yellow pages to find the Web sites of those companies. A previous brief implied that the service was available for all O'ahu businesses with Web sites.