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The Honolulu Advertiser
Posted on: Tuesday, October 3, 2006

Go! partners up to offer packages

Advertiser Staff

Go!, the interisland division of Mesa Air Group Inc., said yesterday it has joined with Pleasant Holidays to sell package tours. The packages include airfare, hotel, rental car, tours and transfers and are available at the company's Web site at www.iflygo.com.

TESORO AWARDED NAVY CONTRACT

San Antonio, Texas-based Tesoro Refining and Marketing Co. yesterday received a minimum $5.6 million contract to provide jet fuel for the Navy. Contract locations include Kekaha. The contract expires Dec. 31, 2009. The contract was awarded by the Defense Energy Support Center in Fort Belvoir, Va.

NATION & WORLD

FIRMS OFFER $15 BILLION TO BUY HARRAH'S

LAS VEGAS — Harrah's Entertainment received a $15.05 billion offer for the company from two private-equity firms in what would be the biggest deal ever for a casino operator and the fifth-largest leveraged buyout in history. Harrah's said yesterday that Apollo Management and Texas Pacific Group are offering $81 per share in cash, a 22 percent premium to Harrah's closing stock price Friday on the New York exchange.

NORTHWEST MAY SEE 'MODEST' YEAR

MINNEAPOLIS — Northwest Airlines Corp. yesterday predicted a "modest profit" for the year as it reorganizes in bankruptcy. Its profit prediction did not include bankruptcy expenses. Northwest reported a net loss of $943 million for August. However, it said it would have made $167 million if not for $1.07 billion in reorganization items in the month.

SEMI-CONDUCTORS SEE RECORD SALES

SAN JOSE, Calif. — Semiconductor sales worldwide surged to a monthly record of $20.5 billion in August, fueled by higher demand for memory chips used in PCs and mobile gadgets such as cell phones and digital cameras, an industry group reported yesterday. The figure was more than 10 percent higher than the $18.6 billion reported in August 2005, the Semiconductor Industry Association said.

PANEL: TERRORISM INSURANCE BETTER

WASHINGTON — Insurance against losses from terrorist strikes in the United States has become more widely available and affordable since the Sept. 11 attacks though there are still problems, according to the President's Working Group on Financial Markets. The federal backstop program was enacted after the 2001 attacks as many insurance companies faced record payouts, and they limited or dropped coverage for casualty and property losses due to terrorism.