News blog
Hawaii chef Sam Choy will shutter one of his two Oahu restaurants and rename the other.
Sam Choy's Diamond Head on Kapahulu Avenue is scheduled to close Sunday. Twenty-five employees will be offered jobs at the Breakfast, Lunch & Crab restaurant and Big Aloha Brewery on Nimitz Highway.
The combined staff will […]
Filed under: finance by Wolf
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Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) shares fell to their lowest level in nearly a decade after a Goldman Sachs & Co analyst said investors should sell the largest U.S. bank’s stock short as losses mount from troubled debt.
In morning trading, the shares were down $1.03, or 5.5 percent, at $17.82 […]
Filed under: business by Wolf
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Taiwan's central bank will probably raise the benchmark interest rate to the highest in more than seven years to damp inflation.
Governor Perng Fai-nan will boost the discount rate on 10- day loans to banks by 12.5 basis points to 3.625 percent, said 14 of 16 economists surveyed by Bloomberg News. Two see a […]
Filed under: legal by Wolf
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U.S. oil services company Halliburton Co. gave up its pursuit of Expro International Group PLC on Monday, after the British company stuck by its support for a rival bid and refused to open an auction.
Halliburton (HAL, Fortune 500) revealed it had raised its all-cash offer to 1,625 pence ($31.91), or £1.82 billion pounds ($3.6 […]
Filed under: legal by Wolf
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Imagine going to your local grocery store and paying over $8 for a jar of Jif peanut butter. How about $5.50 for a loaf of white bread, $6.50 for a gallon of milk or $7.19 for a half-gallon of orange juice?
These are just some of the prices we found in a recent survey of […]
Filed under: marketing by Wolf
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British bank Lloyds TSB (LLOY.L: Quote, Profile, Research, Stock Buzz) would consider a significant acquisition and is looking at a possible deal in Germany, people familiar with the situation said on Saturday.
It is considering deals for Dresdner Bank, owned by insurer Allianz (ALVG.DE: Quote, Profile, Research, Stock Buzz), and Deutsche Postbank (DPBGn.DE: Quote, […]
Filed under: term by Wolf
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Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher.
The Labor Department reported Tuesday that its Producer Price Index, which measures the costs of goods before they reach store shelves, shot up 1.4% in May. That was up from a modest 0.2% rise in […]
Filed under: term by Wolf
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The Dutch office supplies distributor Corporate Express NV said Wednesday it will recommend a $14.36 per share takeover bid by Staples Inc. to shareholders, reversing an earlier plan to merge with a French competitor.
The boards of Corporate Express said they decided to endorse the Staples (SPLS, Fortune 500) deal after the U.S. company raised […]
Filed under: technology by Wolf
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State Farm Insurance Cos. says it won’t renew homeowners policies within 1,000 feet of the beach on the Mississippi Gulf Coast, an area that was devastated by Hurricane Katrina in 2005.
The company says policies in the area will not be canceled immediately, but won’t be renewed.
Jonathan Freed, a company spokesman, said no more than […]
Filed under: business by Wolf
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U.S. consumers pared spending in recent weeks as they struggled under the weight of higher food and energy costs, limiting the ability of retailers to raise other prices, the Federal Reserve said on Wednesday.
The Fed’s Beige Book, an anecdotal survey of economic conditions across the country, highlighted the pressures soaring commodity prices have […]
Filed under: news by Wolf
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