Tiffany appeals ruling in eBay

Jewelry house Tiffany & Co. appealed a ruling by a federal district court that online auction house eBay Inc. does not have legal responsibility to keep its users from selling counterfeit items.
Judge Richard Sullivan of Federal District Court in Manhattan made the ruling in July in the closely watched case involving San Jose, Calif.-based eBay […]

South Korean Government to Sell State-Owned Companies

South Korea said it will sell or merge 41 of the nation's 319 state-owned companies as part of President Lee Myung Bak's pledge to make government-run firms more competitive.
The plans include selling a 49 percent stake in Incheon International Airport Corp. and part of Industrial Bank of Korea and its affiliates, the finance […]

UH Manoa names interim vice chancellor

Peter Quigley has been named interim vice chancellor of academic affairs at UH Manoa, effective immediately.
Quigley currently is assistant vice chancellor of academic affairs and a professor of English at UH Manoa. He also served as chancellor of Leeward Community College.
As vice chancellor, Quigley will oversee faculty members and staff, […]

Payrolls Probably Fell for Seventh Month: U.S. Economy Preview

The U.S. lost jobs in July for the seventh straight month, a sign the economy may weaken after tax rebates boosted growth in the second quarter, economists said before reports this week.
Payrolls probably shrank by 75,000, according to the median estimate in a Bloomberg News survey ahead of a Labor Department report on […]

G-8 Warns Rising Commodity Prices Pose Risk to Global Economy

Leaders from the Group of Eight countries said the rising cost of crude oil and food is posing risks to the global economy, and they called on energy-exporting nations to invest more in production.
The world economy is facing “uncertainty'' and “downside risks persist,'' the group said in a statement issued today in Toyako, […]

Indonesia May Raise Benchmark Rate to Slow Inflation

Indonesia's central bank may raise its benchmark interest rate for a third straight month to slow inflation that is forecast to reach a 21-month high in June.
Governor Boediono and his seven colleagues will increase the key rate to 8.75 percent from 8.5 percent, according to 14 of 18 economists in a Bloomberg survey. […]

Hawaii wholesale sector wages increase

Hawaii's wholesale workers make 39.5 percent more a week than they did five years ago, according to data from the Bureau of Labor Statistics.
Those employees made an average of $749.84 per week in March, compared with $537.56 in March 2003.
There were 18,500 employees in the state working in the wholesale […]

Rebates Won

The Bush administration's tax rebates won't prevent the U.S. economy from stagnating in the second quarter as soaring food and fuel bills hurt consumers, a Bloomberg News survey showed.
“Consumers have gone into the bunkers,'' said Ken Goldstein, an economist at the Conference Board, the New York- based research group that tracks confidence. They […]

Bush Says Colombia Trade Deal Is Dead Unless Pelosi Revives It

President George W. Bush said that a free trade agreement with Colombia is “dead'' unless House Speaker Nancy Pelosi revives it by allowing a vote on the measure.
Pelosi, a California Democrat, made a bad decision by delaying action on the accord last week, Republican Bush said in his weekly radio address. The Democratic-controlled […]

Price of iPhone drops in Germany

Deutsche Telekom cut the price of Apple Inc.’s iPhone in Germany to the equivalent of about $156 from $628 in a push to sell more of the devices.
The three-month campaign, aimed at the company’s T-mobile subscribers, ends June 30 and must combine an eight gigabyte iPhone with a premium contract.
The newer […]