Howard Business Report - August 19, 2011

(HawaiiNewsNow) -

5am Report

The DOW is down about 40 points, so below 11,000.  Earlier it was higher, and before that, down 100, so no firm trend yet.

Bank stocks are taking the hit.  BankOh and Central Pacific both lower so far.  Up at this hour are Starbucks, Dell, Gamestop and Autonation.

Good news on local jobless claims.  The total fell below 15 thousand and new claims also fell, below 2 thousand.

Japan Airlines plans to cut it's Hawaii fuel surcharge from $213 now to $185 October 1st.

Territorial Savings Bank completes its first stock buyback. More than 700 thousand shares repurchased.

Made in Hawaii Festival opens this morning at Blaisdell.  $4 admission.  Children 6 and under free.

More hotel deals.  Prince Resorts offering deals below $200 a night in Waikiki and at the Big Island's Hapuna Prince.  Rates good from October 1st.

The Fairmont Orchid has named a new director of group sales.  Cerelle Gooding comes from the Hotel Del Coronado.

Cyanotech hires a new CFO - Jole Deal comes from Puretek.  Before that, comptroller of the company behind the Nature-made brand.

Hawaiian Airlines names Christian Forbes, VP Financial Planning.  He used to work for Carlyle group and US Airways.

7am Guest

Hawaii's most dynamic visitor attraction is giving quite a summer show.  Cindy Orlando is Superintendent of Hawaii Volcanoes National Park.

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