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Matson profit jumps to $9.1M in 1st quarter

HONOLULU (AP) - Cargo company Matson Inc. said Monday that its first-quarter profit more than doubled to $9.1 million, driven by increased trade in Hawaii, higher rates in China and running one fewer ship in its fleet.The Honolulu company said that its earnings of 21 cents per share during the three months ending March 31 compared with earnings of $3.8 million, or 9 cents per share, during the same quarter one year ago.Matt Cox, the company's chief executive, said that the solid quarter boosted the company's outlook for the rest of the year."We continue to expect mixed results in our ...

Plastic fragments prompt pizza recalls

LITTLE CHUTE, Wis. (AP) - Nestle Pizza Co. of Little Chute is recalling four frozen-pizza products that might be contaminated with plastic fragments.The U.S. Department of Agriculture says the following products are subject to recall:* California Pizza Kitchen Limited Edition Grilled Chicken with Cabernet Sauce.* DiGiorno Crispy Flatbread Pizza Tuscan Style Chicken.* DiGiorno pizzeria! Bianca/White Pizza.* California Pizza Kitchen Crispy Thin Crust White.The fragments are of clear, brittle plastic with sharp edges.Consumers can contact Nestle USA Consumer Services at 800-456-4394 or ...

Business / In Brief • May 2, 2013

Territorial Bancorp earnings hit $3.6MHONOLULU - The parent company of Territorial Savings Bank said Wednesday that it earned $3.6 million in the first quarter, slightly up from income of $3.5 million during the same three months a year ago.Honolulu-based Territorial Bancorp Inc. said its earnings amounted to 37 cents per basic share.CEO Allan Kitagawa said Hawaii's economy has improved but the bank is facing challenges because of the impact federal budget cuts could have on the state's economy."The growth in the visitor industry and the start of new construction projects has kept the ...

Business / In Brief • May 1, 2013

Coffee drinker, Safeway settle lawsuitHONOLULU - Safeway Inc. and a California coffee drinker have agreed to settle a lawsuit claiming Safeway committed fraud by selling coffee labeled as a Kona blend even though it didn't include much Kona coffee.Court documents show Chanee Thurston of Benicia, Calif., and Safeway settled the case on March 21. Thurston's attorney says settlement terms are confidential.Thurston filed the lawsuit in federal court in Northern California two years ago, accusing the supermarket of false and misleading labeling. Safeway argued its labels clearly indicated the ...

Tides of Commerce: Kihei restaurant makes CNN’s list of ‘Top 10 Places to Eat Like a Local’

Tides of Commerce is a business feature that will run from time to time with information on new businesses and awards and recognitions of Maui County businesses.Coconuts Fish Cafe in Kihei has been included in CNN's list of "Top 10 Places to Eat Like a Local." The list includes restaurants from around the country, complied by CNN and Travel and Leisure Magazine.The CNN list was published on March 8 and features a picture of Coconuts' signature food, submitted by Terrance Mullins, a CNN iReporter and Coconuts' customer. Coconuts is the only Hawaii restaurant to make the list. Owner Mike ...

Business / In Brief • Apr. 30, 2013

Andaz Maui at Wailea to hold job fair in Kihei this weekendThe Andaz Maui at Wailea, which will open this summer, will be holding a job fair from 8 a.m. to 4:30 p.m. Saturday and Sunday at Kihei Elementary School.Positions will be filled in all departments, including food and beverage, resort operations, spa and retail.Qualified candidates also may apply by visiting maui.andaz.hyatt.com.*****HECO: 13.9 percent energy from renewables in 2012HONOLULU - Hawaii's largest electric utility says a record high 13.9 percent of its energy came from renewable sources last year.Hawaiian Electric Co. ...