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Segway of Hawaii rolls to Hawaii County
Segway of Hawaii has expanded to Hawaii island. Botanical World Adventures rolled out the Segway Personal Transporter by offering the first Segway Authorized Tours in Hakalau. The new Segway expeditions will guide visitors through the rain forest and gardens on the Hamakua Coast. The adventures are 30 minutes to three hours long.
Botanical World’s newest attraction follows its seven-line Zip Isle Zip Line Adventure, which opened almost two years ago.
Segway of Hawaii has been operating in Waikiki for close to seven years, offering specialty tours on the Segway Personal Transporter throughout Waikiki and downtown Honolulu, and also in Kailua for close to two years. This is the first expansion to a neighbor island.
For more information, call 888-947-4753 (on the Big Island at 963-5427) or visit www.segwayhi.com.
BofA earns $6.2B on accounting gains
NEW YORK » Bank of America earned $6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment banking businesses.
Bank of America is also no longer the largest bank in the nation by assets, which fell to $2.21 trillion in the quarter. The Charlotte, N.C., bank ceded the bragging rights to rival JPMorgan Chase & Co., which reported total assets of $2.28 trillion.
The slimming down reflects Bank of America’s strategy of cutting costs and selling off businesses that don’t fit into its simpler banking model. CEO Brian Moynihan said Tuesday in a conference call with analysts that he had begun the process of a "strategic transformation of the company."
Yahoo Inc.’s financial woes continue
SAN FRANCISCO » Yahoo’s third-quarter results showed little evidence of ending the financial funk that got former CEO Carol Bartz fired last month.
The performance, announced Tuesday, might increase the pressure on Yahoo Inc. to sell itself in parts or as a whole.
Yahoo earned $293 million, or 23 cents a share, in the July-September period. That represented a 26 percent decline from net income of $396 million, or 29 cents a share, at the same time last year.
Goldman Sachs loses $428 million
NEW YORK » Goldman Sachs Group Inc. reported a third-quarter loss of $428 million Tuesday, only the second quarterly loss since the investment bank went public 12 years ago.
Revenue from underwriting stocks and bonds plunged as businesses, unnerved by political wrangling in Washington and volatile markets, held off on new stock and bond offerings.
Goldman also lost nearly $3 billion on investments in stocks, bonds and a Chinese bank.
Goldman’s chief financial officer, David Viniar, attributed the weak results to volatile markets and the weakness of European banks.
Intel earns $3.47 billion, tops forecasts
SAN FRANCISCO » Intel says better sales of chips for laptop PCs and computer servers contributed to a 17 percent increase in third-quarter net income and a 28 percent increase in revenue.
The numbers are likely to provide some comfort for investors jittery about the weak state of the global computer market. But they don’t change the underlying dynamics likely to keep PC demand depressed.
Net income was $3.47 billion, or 65 cents a share, compared with $2.96 billion, or 52 cents a share, a year ago.
Excluding special items, earnings were 69 cents a share. Analysts polled by FactSet expected 62 cents per share.
Coca-Cola profit rises on volume gains
PORTLAND, Ore. » Coca-Cola Co.’s third-quarter profit rose 8 percent and beat Wall Street estimates as it sold more drinks worldwide and raised prices in North America, its largest market. Coca-Cola has shown consistent growth for years, but like many of its peers, it recently has been struggling with rising costs for raw materials and Americans’ cautious spending habits during the down economy.
Net income rose to $2.22 billion, or 95 cents a share, in the three months ended Sept. 30. That’s up from $2.06 billion, or 88 cents a share, a year ago. Revenue rose 45 percent to $12.25 billion.
ON THE MOVE
Coldwell Banker Pacific Properties has announced two new hires:
» Sean Ross Barnes has joined as a Realtor associate for the company’s training program, New Agent Training Office. He was previously a carpenter at O’Donnell Construction.
» Loren Michael Small has joined CBP’s Windward Oahu office as a Realtor associate. He was previously a Realtor associate at Century 21 All Islands.
Lifestyle Properties has announced Jim Muneno as a Realtor associate. He will specialize in residential property sales and management for homeowners as well as investors. He was previously working in real estate and construction in West Los Angeles and Malibu, Calif., for 20 years.