HONOLULU (HawaiiNewsNow) - The Symphony Board met yesterday and, having failed to win a contract agreement, says it adopted what it informally calls "Plan B." A news release suggests that Plan B is to organize a combination of orchestral and chamber concerts some of which may feature visiting musicians as well as local ones. The plan also calls for more of an educational mission, which would allow the symphony to tap other funding sources. But at the end of the news release, it said that because the Musicians' Union was planning to organize another symphony with the same musicians, the symphony was accepting the resignations of all 63 players. The union then put out its own statement disclaiming any plans for a rival group and saying no one submitted any resignations.
The Georgia-based credit research company Equifax reports Hawaii had 41 small business bankruptcies in the first three months of this year. In the same period last year it had 12. Equifax treats any business with fewer than 100 employees as a small business.
Jon Wallenstrom is the new president of Forest City Hawaii... the company developing 6,000 Navy and Marine family homes on Oahu and Kauai and a 2,000 home community on the Big Island. Forest City's parent company is based in Cleveland.
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