Home Depot to hire 135 workers on Oahu
The Home Depot will hire 135 employees at its Oahu locations in preparation for spring.
The Oahu hires will be among 80,000 being sought nationwide for numerous positions, the company said in a statement.
Job applications are accepted online only.
Starwood to spin off time-share division
Starwood Hotels & Resorts Worldwide Inc. will spin off Starwood Vacation Ownership into a separate, publicly traded company.
The global hotel and leisure entity announced Tuesday that the new company will operate its 22 time-share resorts in destinations including Hawaii, the Caribbean, Mexico and Orlando, Fla., where it is headquartered, but that it also would expand its portfolio.
The time-share operation reported revenue of $640 million in 2014.
Oil prices fall 5% in latest tic of erratic run
NEW YORK » The price of oil is on a wild ride, and there is little agreement on where it’s headed.
After falling nearly 60 percent from a peak in June, the price of oil bounced back more than 20 percent as January turned to February. Then, on Tuesday, it fell 5 percent, closing just above $50. Oil has fallen or risen by 3 percent or more on 14 of 27 trading days so far this year. By comparison, the stock market hasn’t had a move that big in more than three years.
Predicting prices is especially tricky now because the oil market has never quite looked like this. Oil price collapses of the past were triggered either by plummeting demand or an increase in supplies. This latest one had both.
Coke profit falls but not as far as forecast
NEW YORK »Coca-Cola reported a profit that topped Wall Street expectations Tuesday as it stepped up marketing and fetched higher prices for sodas in North America. The better-than-expected results helped send up the company’s shares.
Net income fell to $771 million in the fourth quarter, down from $1.71 billion in the same period last year, the company reported Tuesday. Earnings per share dropped 54 percent from 38 cents a share a year ago to 17 cents a share in the fourth quarter. The world’s biggest beverage maker has been struggling to boost global sales volume and said it expects 2015 to be another challenging year.
ON THE MOVE
Servco Pacific has promoted Thor Toma to senior vice president of projects and new initiatives. His responsibilities include being involved in the firm’s strategic initiatives to support current and prospective operations. Toma joined Servco in 1990 and previously served as a vice president and director of strategic planning for Servco’s automotive operations.
The Hawai‘i Lodging and Tourism Association announced the state’s top hospitality industry employees during its 2015 Na Po‘e Pa‘ahana awards last month.
The list of first-place winners includes Wayne English, outstanding lodging employee of the year; Sheri DeCosta, manager of the year; Mederic Brown, housekeeper of the year; John Salcedo, food and beverage person of the year; Samuel Saribay, engineering/maintenance person of the year; Florence Dela Cruz, front office person of the year; Frederick Cadorna, bell/valet person of the year; Chris Brown, security officer of the year; and The Orchid Lei Co., allied member of the year.
