A&B reports first-quarter net loss of $7.5 million Alexander & Baldwin Inc. reported a net loss of $7.5 million, or 15 cents per diluted share, during its first quarter, compared with earnings of $25.3 million, or 51 cents per diluted share, in the same period a year ago.
Alexander & Baldwin (NYSE: ALEX) said the loss included a $10.3 million after-tax loss from the agribusiness segment. The losses there are a result of the company ending its sugar operations at Hawaiian Commercial & Sugar.
“Notwithstanding the significant book losses related…
Fri, 06 May 2016 01:01:15 +0000 About to have surgery? Bellevue startup to make 1 million outpatient quality scores available Bellevue-based Mpirica Health, a startup focused on transparency in the health care industry, is taking the next step on its startup journey with a plan to launch more than 1 million quality scores on outpatient procedures this quarter.
Mpirica's quality score, which functions much like a FICO-style credit score, crunches federal data and compares facilities and surgeons based on what procedures they use so patients who are about to undergo a particular procedure can shop around.
While the company…
Fri, 06 May 2016 00:40:53 +0000 Hawaiian Telcom CEO attributes Q1 earns to capital expenditures Hawaiian Telcom Holdco’s net income of $200,000 for the first quarter was due to company’s capital intensive nature, according to President and CEO Scott Barber, who maintains it was a strong quarter for the Honolulu-based company.
Hawaiian Telcom Holdco’s net income in in the first quarter of 2016 was $800,000 lower than the net income for the same period in 2015.
“It’s simply because we are so capital intensive,” said Barber. “You end up with depreciation expenses and it effects…
Fri, 06 May 2016 00:30:22 +0000 What Hawaii nonprofits can learn from Bishop Museum loan investigation A state investigation into whether or not the president and CEO of Honolulu’s Bishop Museum was given an improper loan could be a cautionary tale for other Hawaii nonprofits.
Blair Collis, who has served in the chief role since 2011 and has worked in various capacities at the museum since 2003, last week announced his resignation to pursue “new opportunities.”
A $14,377 "professional development" loan to Collis that appeared on the museum’s 2013 federal tax return prompted the investigation,…
Fri, 06 May 2016 00:11:25 +0000 Drugs and alcohol a challenge for downtown Denver, banks, the community Drug and alcohol addiction and the attendant mental health challenges that accompany them drain more than $6,000 a second from U.S. businesses that have to deal with the problem.
That was among the startling statistics revealed Thursday at a panel discussion put on by Step 13, the residential recovery program in Denver.
The organization’s “Front Lines of Addition” luncheon brought four business and civic leaders with direct experience with drug and alcohol addiction to discuss its effects…
Fri, 06 May 2016 00:09:53 +0000 Hawaiian Airlines carried 867K passengers in April Hawaiian Airlines reported Thursday its traffic and revenue were up in April, when the airline transported a total of 867,298 passengers — a 6.2 percent increase from April 2015, when it carried 816,688 passengers.
The airline's traffic, or revenue passenger miles, measured by each paying passenger transported one mile, rose to 1.2 million last month, up 10.7 percent from April 2015.
Hawaiian's capacity, or available seat miles, increased to 1.4 million, up 3.3 percent.
Hawaiian, a subsidiary…
Fri, 06 May 2016 00:09:17 +0000 Construction-defects reform backers vow to continue fight Shell-shocked construction-defects reform supporters said Thursday after negotiations over a proposed package of bills collapsed that they will continue to push for legal changes on the local level as a way to jump-start the state’s largely non-existent affordable-condominium market.
Lengthy talks on a set of bills that would have made it harder for small groups of homeowners-association board members to file class-action defects lawsuits against builders broke off just six days before the scheduled…
Fri, 06 May 2016 00:07:28 +0000 National sub sandwich chain Jersey Mike’s may be expanding to Hawaii Jersey Mike’s Subs, a popular national submarine sandwich chain, may be expanding to Hawaii, a company spokesman confirmed to PBN.
The New Jersey-based sandwich shop recently filed four new businesses in Hawaii — JM Hawaii Kai LLC, JM Kapolei LLC, JM Maui Lani LLC and JM Pearl City LLC — with the state Department of Commerce and Consumer Affairs.
Kyle Potvin, a spokesman for Jersey Mike’s, told PBN in an email that it is seriously considering the entire Hawaii market, but has not signed…
Thu, 05 May 2016 23:28:49 +0000
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