BUSINESS BRIEFS
Airlines to share ticket coding
Advertiser Staff and News Reports
Hawaiian Airlines has launched a code-sharing and electronic ticketing agreement with Harmony Airways that will ease connections for passengers flying between Canada and Hawai'i.
"Code sharing allows Harmony to effectively expand its route system to Hawai'i and sell seats aboard Hawaiian by attaching its two-letter booking code to Hawaiian flights listed in the worldwide computer reservations systems," according to a Hawaiian Airlines news release.
With the addition of Harmony, Hawaiian Airlines has secured electronic ticketing agreements for flights to Hawai'i with 13 domestic and international carriers.
KO OLINA AWARDS 339 SCHOLARSHIPS
The Ko Olina Training Fund has awarded $401,532 in scholarship money to 339 West Oahu residents for educational and training programs in the tourism industry.
Including the latest recipients, the Ko Olina Training Fund has awarded nearly $1.3 million in scholarships over its first three years. The fund was established by Ko Olina Resort & Marina master developer Ko Olina Co. as a condition for receiving $75 million in state tax credits to build an aquarium.
DELL COMPUTERS HIT BY RECALL
DALLAS — Shares of Dell Inc. tumbled 2.8 percent yesterday after a week of bad news that included a 51 percent decline in second-quarter profit, the disclosure of a federal accounting probe and an unprecedented recall of notebook PC batteries.
Shares of the world's largest computer maker fell 64 cents to close at $22.16 yesterday on the Nasdaq Stock Market. Over the past year, its shares have ranged from $18.95 to $37.05.
Dell, which slashed its second-quarter outlook last month, reported earnings Thursday of 22 cents per share on sales of $14.1 billion, which were up 5 percent from a year ago. The company had originally forecast earnings of 32 cents per share on sales of $14.2 billion.
The week began with Dell recalling 4.1 million lithium-ion laptop batteries.
CHINA RAISES INTEREST RATES
BEIJING — China raised interest rates yesterday for the second time in four months, stepping up efforts to cool off an economic boom that the government worries could spark a financial crisis.
The central bank raised the minimum rate for one-year bank loans 0.27 percentage point to 6.12 percent. It also pushed up deposit rates, apparently trying to discourage investment by making savings more attractive.
The move, following an increase in April, suggested Chinese leaders believe measures already in place are failing to cool an economy that grew by a stunning 11.3 percent in the second quarter, driven by heavy spending on factories and other assets.
