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The Honolulu Advertiser
Posted on: Thursday, November 5, 2009

BUSINESS BRIEFS
Kahaluu Aloha sells ethanol-free gas

Advertiser Staff and News Services

Boaters and owners of older cars and trucks can now buy ethanol-free gasoline from Aloha Petroleum's gas station in Kahalu'u.

The fuel, being marketed as Aloha Classic Gasoline, is made for boat engines and other small motors that are not designed to operate with ethanol-blended gasoline. The fuel has a minimum 89-octane rating and contains a detergent additive. Aloha's Kahaluu station is at the 7-Eleven at 47-515 Kamehameha Highway.

CENTRAL PACIFIC SHARES FALL BACK TO $1.12

Shares of Central Pacific Financial Corp. fell 10 percent to $1.12 yesterday as investors continued to react to a string of negative news about the company.

The parent of Central Pacific Bank, which has been struggling with troubled commercial loans, last week reported a record $183 million net loss in the third quarter.

Then on Monday, Fitch Ratings announced it was downgrading the long-term issuer default rating of Central Pacific Bank to CCC from B. That was followed by the news that Standard & Poor's was dropping Central Pacific Financial Corp. from its S&P SmallCap 600 index in favor of Compellent Technologies Inc.

Shares of CPF, which had traded as high as $10 in May, hit a 52-week low of $1.01 on Tuesday.

ISLES AMONG STATES THAT TAX WORKING POOR

Hawaii is one of 16 states that taxed working-poor families last year, according to a Washington group focusing on issues affecting low- and moderate-income families.

The report by the Center on Budget and Policy Priorities said although Hawaii had made improvements to its tax structure, it continued to be a state where its tax threshold was below poverty lines.

In 16 of the 42 states that levy an income tax, the threshold for two-parent families of four was below $22,017, the 2008 poverty line for such a family, the center said.