HONOLULU (HawaiiNewsNow) - The Sisters sold their hospitals in Liliha and Ewa to a Kansas company that runs hospitals for profit, with 100 local doctors as minority shareholders. Losses mounted and the hospitals went into chapter eleven about a year and a half ago. Under the emergence plan just approved, they'll pay the Saint Francis sisters $40 million at eight percent interest, and the hospitals will be turned back into nonprofits.
One of the most beloved people in all Waikiki is retiring, but not entirely. Coronado Aquino has been at the Royal Hawaiian since the sixties. After 46 years Coronado had put in his papers to retire, but he has been persuaded to come back for special events who organizers want to work with him.
State Labor Director Darwin Ching has resigned. He's a former prosecutor and he's going to run for the Honolulu prosecutor's office. Late Wednesday, Governor Lingle named an interim labor chief, state economist Pearl Imada-Iboshi.
Hoku Corporation reports less than one million revenue in the last quarter, while spending more than two million prepping its Idaho polysilicon plant. During the quarter, Hoku lined up 20 million in fresh debt financing from a bank in china, home to its largest shareholder and customer, Tianwei New Energy.
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