BUSINESS BRIEFS
Straub settles hiring-bias suit
Advertiser Staff
The U.S. Equal Employment Opportunity Commission said it settled a lawsuit that claimed hiring discrimination based on sex and age against Straub Clinic and Hospital and its parent company, Hawaii Pacific Health.
The agency said that the action was settled for $450,000 to provide remedial relief for some women and older applicants for security positions. The lawsuit was filed in 2006 and alleged Straub failed to hire applicants for security-officer positions because of their age (40 and up) and gender.
The EEOC said Straub also agreed to revise hiring policies.
AIRPORT BONDS UPGRADED TO A2
The rating for Hawai'i's airport system revenue bonds have been upgraded to A2 from A3 by Moody's Investors Service. The ratings agency said the outlook is stable for the $673.7 million of airport system revenue bonds outstanding.
The upgrade was based on strong historical financial performance and consistent demand, Moody's said in a news release.
DRY-CLEANER GETS FINANCING
U.S. Dry Cleaning Corp., a company that's trying to replicate the success of Young Laundry across the country, said it has closed on $3.5 million in financing.
The Palm Springs, Calif.-based company said the initial closing of its senior secured convertible note financing is part of a $20 million private placement for the acquisition of five dry-cleaning chains. The company was formed in 2005. Seventeen months ago, it merged with Young Laundry.
