ASICS will mark its grand opening Thursday at Waikele Premium Outlets, which also announced the recent opening of Calvin Klein Accessories.
ASICS offers athletic apparel, footwear and equipment for a variety of sports, and is on the Diamond Head side of the center.
Calvin Klein Accessories is known for purses, wallets, fragrances, watches, sunglasses, jewelry and other items by the world-renowned fashion design house. The store is on the Ewa side of the center, which is at 94-790 Lumiaina St. in Waipahu.
Ige, utility executives to discuss HEI sale
Gov. David Ige, Hawaii Electric Co. President Alan Oshima, NextEra Energy Hawaii President Eric Gleason and Kauai Island Utility Cooperative President and CEO David Bissell will discuss NextEra’s $4.3 billion proposed purchase of Hawaiian Electric Industries on Thursday on “Insights” on PBS Hawaii.
The broadcast will air at 8 pm. PBS Hawaii said viewers are invited to phone in, email or tweet questions and comments during the discussion. The program will also be streamed live at PBSHawaii.org and remain available online.
Bond slump hits Morgan Stanley earnings
NEW YORK >> Turbulence in global markets hit Morgan Stanley’s business particularly hard in the third quarter, sending the bank’s earnings down 42 percent, well short of analysts’ estimates.
The investment bank and wealth advisory firm earned $939 million after payments to preferred shareholders for the three-month period ending in September, compared with $1.63 billion a year earlier. On a per-share basis the bank earned 48 cents per share, compared with 84 cents a year earlier. That was far below the 67 cents per share that analysts were looking for.
The jolt in financial markets last quarter caused the major U.S. banks to report drops in quarterly earnings, but the disruption seemed to hit Morgan Stanley more than its peers.
Chinese cyberattacks continue, report says
WASHINGTON >> Chinese hacking attempts on American corporate intellectual property have occurred with regularity over the past three weeks, suggesting that China almost immediately began violating its newly minted cyberagreement with the United States, according to a newly published analysis by a cybersecurity company.
CrowdStrike says it documented seven Chinese attacks against U.S. technology and pharmaceuticals companies “to facilitate theft of intellectual property and trade secrets.”
One attack came the day after President Barack Obama and Chinese President Xi Jinping announced their deal.
J&J says says Crohn’s drug performs well
TRENTON, N.J. >> Johnson & Johnson’s immune disorder drug Stelara significantly reduced symptoms of the inflammatory bowel condition Crohn’s disease with just one infusion in about half the patients tested, the company said.
The results, released Monday, are the first from multiple late-stage studies — normally the last stage before seeking regulatory approval for Crohn’s, which J&J plans to do later this year. Stelara, on the market since 2009, is approved for treating plaque psoriasis and psoriatic arthritis.
Besides giving Crohn’s patients a new option, the additional approval could shore up vulnerable sales in J&J’s biggest franchise, drugs for autoimmune disorders.
Colleges’ well runs dry amid oil price bust
AUSTIN, Texas >> At the University of Texas, tuition hasn’t budged in three years because of gushing wells in the Permian Basin, more than a few buildings are named after wildcatters and a pump jack stands outside its stadium to commemorate the 1920s oil boom.
But the latest bust and tumbling crude prices are now pinching off the largesse that helps this university and others in oil-rich states. Campus construction projects are being stretched out or put in limbo, scholarship funds are taking a hit and across the Southwest, donors are asking for more time to make good on big pledges.
ON THE MOVE
Kaiser Permanente has announced the following new physicians:
>> Dr. Janelle Kalir joined the internal medicine department at the Honolulu Medical Office. She completed her internal medicine residency at Allegheny General Hospital in Pittsburgh and is board-eligible in internal medicine.
>> Dr. Anne Kao practices ophthalmology at the Honolulu Medical Office. She completed her ophthalmology residency and fellowships in neuro-ophthalmology and ophthalmic plastic, orbital and reconstructive surgery at Doheny Eye Institute/Los Angeles County+USC Medical Center in Los Angeles.
>> Dr. Carol Pham practices internal medicine at the Honolulu Medical Office. She completed her internal medicine residency at the University of Hawaii’s John A. Burns School of Medicine.
