BUSINESS BRIEFS
Finance Factors to open Manoa branch
Advertiser Staff and News Services
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Finance Factors' newest branch scheduled to open Monday in Manoa will be the company's 14th in the state.
Finance Factors is marking the occasion by offering prize drawings throughout March, including weekly $50 gift drawings and a grand prize worth $500.
"Finance Factors has been looking to expand into Manoa for a while, and we are thrilled to see the branch finally come to fruition," said Steven Teruya, president of Finance Factors.
A photovoltaic system installed by Suntech Hawaii will provide 80 percent to 90 percent of the branch's power needs.
SUPERFERRY OFFERS $10 DISCOUNT FARE
Hawaii Superferry is offering a discounted one-way passenger fare of $39 between Honolulu and Kahului beginning Monday.The fare, available through Jan. 3, 2010, is $10 off the regular fare of $49.
The discounted fare is a flat rate for adults, military personnel, seniors and children. Infants under two years of age travel free. Passengers who book 14 days in advance will save an additional $5 per person. One-way vehicle fare is $57, inclusive of a fuel surcharge.
The passenger and vehicle fares do not include taxes and fees. Peak pricing is applicable on certain days.
Tickets can be booked at www.HawaiiSuperferry.com.
STAR-BULLETIN OWNER LIKELY TO POST LOSS
Black Press Ltd., the owner of the Honolulu Star-Bulletin, will likely record a loss related to the economic and structural challenges facing its U.S. newspapers.That's the word from Torstar Corp., the Canadian media company that owns a 19.4 percent stake in Black Press.
Torstar mentioned Black Press in its fourth-quarter financial results, saying it had a loss from investments in part because of losses at Black Press and another firm.
Torstar said it was writing off a preliminary $21.8 million "impairment" of its investment in Black Press and that a final figure would be known in coming months. An impairment loss is a reduction on a company's balance sheet that adjusts the value of a company's good will.
Torstar said excluding the estimated charge, Black Press contributed a $4.5 million loss to its results in 2008. That compared to income of $3.1 million that Black Press contributed to Torstar in 2007.
