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Longs to open at Davies Pacific Center
Longs Drugs will open a new Honolulu store at Davies Pacific Center on Sunday.
The store at 841 Bishop St. measures 9,000 square feet and will be the first Longs location in Hawaii to offer a grab-and-go food section with fruit, salads, sandwiches and other prepared foods, as well as self-checkout stations. The company has hired 15 employees.
"The store is designed to serve the needs of the financial district community and cruise ship tourists who are looking for fast and convenient service," the company said in a news release.
Business hours are from 6 a.m. to 8 p.m. seven days a week. This is Longs’ 53rd store in the islands.
Tourism sites to feature Waikiki Beach Walk
Outrigger Hotels and Resorts, which markets Waikiki Beach Walk, has partnered with PacRim Marketing Group to host pages featuring the retail center on its three proprietary Japanese, Chinese and Korean language websites.
The partnership will help Waikiki Beach Walk merchants gain more exposure for their brands and expand their reach across Japan, Korea and China, said Conchita Malaqui, general manger of Waikiki Beach Walk.
PacRim’s Hawaii Arukikata, the largest commercial website about Hawaii in Japanese, gets an estimated 600,000 views per month, while the new Chinese and Korean sites are growing.
The company’s Waikiki Beach Walk pages will include advertorial copy, photos, video, maps and a directory.
Talk covers athletic value of motor sports
Motor sports versus ball sports will be the theme of Monday’s Honolulu Quarterback Club meeting with two automotively inclined speakers.
Attorney Ed Kemper, host and co-producer of "Island Driver TV" on OC16 and co-host of "Ohana Road Radio" on KHKA-AM 1500, will discuss whether motor sports drivers can be considered athletes. Kemper was an active road racecar driver at Hawaii Raceway Park and a trainer of new racecar drivers, and continues to serve as the assistant regional executive of the Sports Car Club of America, Hawaii Region.
Michael Kitchens, track coordinator and public relations representative for Kalaeloa Raceway Park, will talk about upcoming events, driver safety and the numerous motor sports opportunities across Oahu.
The luncheon meeting begins at 11:30 a.m. Monday at Maple Garden Restaurant, 909 Isenberg St. Parking next to the restaurant is free, and street parking also is available.
SEC files charges against hedge fund exec
WASHINGTON » The Securities and Exchange Commission leveled its most direct shot against billionaire hedge fund manager Steven A. Cohen on Friday by filing civil charges that accuse him of failing to prevent insider trading.
The SEC alleged that Cohen, who founded and runs SAC Capital Advisors, failed to prevent two of his portfolio managers from illegally reaping profits and avoiding losses of more than $275 million. Both managers provided information to Cohen in 2008 that suggested they had access to inside information, the SEC said. But rather than raise any red flags, Cohen praised one of the managers and rewarded the other with a $9 million bonus, the SEC said.
Cohen, 57, faces possible fines and could be barred from managing investor funds.
Cohen’s firm, which once managed more than $15 billion in assets, is at the center of one of the biggest insider-trading fraud cases in history.
Four employees already have been criminally charged with insider trading — two of whom have pleaded guilty. And an SAC affiliate has agreed to pay $615 million to settle SEC charges of insider trading.
GE stock hits post-crisis high on U.S. outlook
NEW YORK » An improving outlook for the U.S. economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008 despite modest quarterly results.
"Orders in the U.S. were the strongest in some time," CEO Jeff Immelt said on a conference call with investors after the release of the company’s second-quarter results Friday. He said orders grew 20 percent in the U.S. during the quarter.
Immelt said the U.S. economic environment remained "mixed," but his outlook marked an improvement from recent quarters, when he expressed more caution about the U.S. market.
GE, based in Fairfield, Conn., has a broad view of the global economy because it sells a wide variety of industrial equipment and appliances around the world, including jet engines, medical diagnostic equipment, oil and gas drilling equipment and washing machines.
GE earned $3.13 billion, or 30 cents a share, compared with $3.11 billion, or 29 cents a share, a year earlier. Revenue fell 4 percent to $35.12 billion from $36.5 billion.
Shares rose $1.09, or 4.6 percent, to close at $24.72 Friday. They went as high as $24.95, the highest intraday level since September 2008, when the shares were in the midst of a plunge brought on by the financial crisis.
ON THE MOVE
Clay Chapman Iwamura Pulice & Nervell has announced the following new associate attorneys:
» Carlos D. Perez-Mesa was previously a senior trial associate for Motooka & Yamamoto.
» Melissa Marushige had more than 10 years of legal experience serving as a legal secretary and paralegal before entering law school and passing the bar exam.
Finance Factors employees raised $9,412 from its 18th Annual Finance Factors Charity Breakfast last week. Money went toward Lanakila Meals on Wheels to support its mission of providing nutritious meals and companionship to Hawaii’s kupuna.
D.R. Horton-Schuler Division has named C. Ryan Gross an online sales concierge. He has been in the real estate industry since 2005 and specializes in residential sales. Gross will also be responsible for managing the company’s Facebook page to increase its presence in the online marketplace.
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