BUSINESS BRIEFS
Isle shares mixed as market rallies
Advertiser staff
Shares of Hawai'i's publicly traded companies were mixed yesterday in contrast to the stock market, which jumped on expectations about renewed work on a credit-market rescue package.
Six stocks in the Honolulu Advertiser-Bloomberg Index of 11 local companies fell during the day, while four rose. One was unchanged as the index fell 2.8 percent to 92.50.
The decline compared with rallies in most major indexes, which regained ground lost during Monday's historic decline. The Dow Jones industrial average, which had fallen almost 778 points Monday, rose 485 points, or 4.7 percent yesterday.
Local decliners were led by Central Pacific Financial, which fell 9.1 percent to $16.81. Cyanotech Corp. slid 7.3 percent to $1.90.
SAMOA GETS MORE HOLIDAY FLIGHTS
Hawaiian Airlines said today that it will add four additional flights to American Samoa during the holiday season.
The four flights between Honolulu and Pago Pago are on top of the airline's twice-weekly service.
The flights are set for Dec. 19, Dec. 23, Dec. 30 and Jan. 2.
RETIREES, VETS URGED TO SEEK CHECKS
As many as 19,930 retirees and disabled veterans in Hawai'i may be eligible for economic stimulus payments but have yet to file for the payouts worth at least $300 to qualifying individuals.
The IRS yesterday said it and the AARP are planning a last push to reach those who qualify with an two-day event during which it will help people file for the payments. The payments started earlier this year and are going to people who had at least $3,000 of qualifying income. All people have to do is file a 2007 tax return by Oct. 15.
The IRS and AARP scheduled an AARP Tax-Aide event on Oct. 14 and 15 at the Waipahu Community Association between 9 a.m. and 2 p.m., where people can get help filing tax returns. People also can get help at IRS taxpayer assistance centers in Honolulu, Wailuku and Hilo during normal business hours. People can also call Aloha United Way's hot line at 211 to inquire about getting help.
DISCOUNT STORE WILL OPEN IN LA'IE
Dollar Daze, a new general merchandise store, opens today in the Laie Shopping Center.
The 1,200-square-foot store, managed by Vili & Penny Toilolol, will carry a variety of goods, including hardware, household items, toys, seasonal merchandise and party supplies.
Vili Toilolo said the store will provide a convenient alternative for area residents, who now have to drive as far as Kane'ohe or Mililiani to find general merchandise stores that cater to budget shoppers. Toilolo said he and his wife, both 2001 graduates of Brigham Young University-Hawai'i, came up with the idea of opening the store about year ago after realizing the community was underserved by retailers.
A&B MOVING TO NYSE FROM NASDAQ
Alexander & Baldwin Inc., the Honolulu-based owner of real estate and the Matson Navigation Co., will begin trading on the New York Stock Exchange tomorrow under the AXB symbol.
The company had traded on the Nasdaq Stock Market under the symbol ALEX. The company announced the move to the Big Board last month, saying trading on the world's best-known stock exchange could be an important factor for its businesses in the coming years.
Shares of the company rose 67 cents to close its trading on the Nasdaq at 44.03. Alexander & Baldwin's representatives are scheduled to ring the NYSE's opening bell on Oct. 23.
