Aloha Airlines halting passenger operations

Aloha Airlines will halt all passenger service to Sacramento and all flights from Hawaii to the western United States as of Sunday, and will cease all passenger operations Monday, the carrier said.
In a news release Sunday, airline president and chief executive officer David Banmiller said the company did everything it could to find […]

J.C. Penney lowers outlook after slow Easter

J.C. Penney Co. Inc. slashed its forecasts for first-quarter profit and sales, citing weaker-than-expected consumer spending during the Easter holiday season.
The Plano, Texas-based retailer said it now expects first-quarter earnings to be 50 cents a share, down from its previous estimate of 75 cents to 80 cents a share.
J.C. Penney (NYSE: […]

Honolulu flower, coffee shop moving to Hokua

Honolulu-based Petals & Beans is reopening in a new location in June.
The flower shop and coffee bar is moving to the Hokua Building on Ala Moana Boulevard.
Co-owner Wanda Wong said the 10-year lease at its former location at the Airport Trade Center had ended. Wong said she and her husband, […]

Jana Partners acquires Omnicare stake

Omnicare Inc. said Monday that a New York-based money manager, Jana Partners LLC, has acquired a 7.3 percent stake in the company.
MarketWatch reported that the stake represents more than 8.9 million shares.
Covington-based Omnicare (NYSE: OCR) is a provder of geriatric pharmacy services.
Sourse

Dollar's Moves Force Whispers of `I' Word; G-7 Frets

For the first time in 13 years, people who trade currencies say confidence in the markets to determine exchange rates is dwindling.
The crisis that may bring the so-called Group of Seven nations to coordinated intervention is the result of a sinking U.S. economy, the weakest dollar since 1971 and the biggest currency fluctuations […]

Group offers free, low-cost events tickets for military families

The Armed Forces Tickets Association - a Cincinnati nonprofit that provides events tickets for military families - will launch its program and Web site March 27.
AFTA offers active military personnel and their families free and discounted tickets to their partner organizations' events, according to a news release. Some of the 30 partner […]

Sirtris wins patent on class of compounds aimed at diabetes

A Bay State biopharmaceutical company, focused on improving human life span, reports being granted a patent for compounds that, among other things, could improve the lives of diabetics.
Cambridge-based Sirtris Pharmaceuticals said the U.S. Patent and Trademark Office issued a patent for compounds that activate the SIRT1 enzyme. Included in the compounds is […]

BearingPoint names new COO

BearingPoint Inc. has appointed a new chief operating officer as the company attempts to shore up its bottom line.
The McLean, Va.-based company named David Hunter to the No. 2 spot, reporting to Ed Harbach, who was promoted from COO to chief executive officer in December.
Hunter's new role is effective immediately.
[…]

Boston Fed Chief Writes to Subprime Borrowers, Globe Reports

The head of Boston's Federal Reserve Bank has written to subprime borrowers across New England urging them to renegotiate their current loans if their payments are too high, the Boston Globe reported.
The Boston Fed distributed the letter, written by President Eric Rosengren, through 139 community newspapers throughout the region. It encouraged subprime borrowers […]

Former Quovadx execs agree to SEC fines

Two former executives of software company Quovadx Inc. have agreed to fines levied by the Securities and Exchange Commission for their part in a scheme to inflate the company's revenue.
The SEC said Thursday Lorine R. Sweeney, the former CEO, and Gary T. Scherping, the former CFO, didn't admit or deny the allegations […]