Butigroove, a local boutique that made a name for itself selling Obama T-shirts, has reopened its Piikoi Street store seven months after an arsonist's fire gutted the shop.

Owner B.J. Sabate said the 600-square-foot space has been rebuilt and the store has secured four parking stalls on Kona Street to better serve customers. It will stay open until 8 p.m. on Fridays and Saturdays.

"Insurance covered it all," Sabate said of the repairs to the store. But "we still haven't found the arsonist."

The store temporarily operated out of a smaller space nearby during the renovation work.

OVERDUE ACCOUNTS HERE 7TH-WORST IN U.S.

Hawaii businesses had the seventh-worst record among states when it comes to past-due accounts receivable, according to the October report by Cortera, a business information provider.

The report found that 20.71 percent of Hawaii-based business accounts were past due. Cortera tracks late payments against agreed-upon terms.

Nevada had the worst record at 25.6 percent. The national average was about 17 percent.

"It's no coincidence that states hit particularly hard by the economy, like Nevada, show the most stress when it comes to paying bills in a timely manner," said Cortera president Jim Swift, in a press statement.

HEALD COLLEGE BEING SOLD TO CORINTHIAN

The Hawaii campus of Heald College is included in a $395 million purchase of the college by Corinthian Colleges Inc., one of the largest post-secondary-education companies in North America.

Corinthian signed an agreement to buy Heald Capital LLC and its 11 campuses in California, Oregon and Hawaii.

Heald is changing hands for the second time in three years. In 2007, a group lead by Brad Palmer, head of Palm Ventures LLC, bought a controlling interest in the private school.

The school focuses on two-year degrees in health care, business, technology and legal services.

Heald's Hawaii campus is at 1500 Kapiolani Blvd.