Finance counsels

Trying to stimulate visitor demand, the Hawaii Tourism Authority on Thursday approved an additional $2 million to market the state.
That increases the HTA’s fiscal 2009 budget for marketing to $55.5 million. The $2 million will be reallocated from other, as yet unspecified, HTA funds.
HTA’s 2009 budget initially totaled $88 million but that was later adjusted […]

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Executives at companies from General Motors Corp. to Domino's Pizza Inc. and Novell Inc. say Wall Street's upheaval may stunt demand as a credit crunch ripples through the U.S. economy.
The cost of borrowing in U.S. dollars surged to the highest level since 2001 following Lehman Brothers Holdings Inc.'s collapse, Merrill Lynch & Co.'s […]

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Russia's economy expanded at a slower pace in the second quarter as lower investment and the strong ruble hurt domestic producers.
Gross domestic product grew 7.5 percent, compared with 8.5 percent in the previous three-month period, the Moscow-based Federal Statistics Service reported in an e-mailed statement. The figure is not seasonally adjusted. The median […]

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The U.S. economic slump will extend into 2009 as the longest expansion in consumer spending on record comes to an end, according to a Bloomberg News survey.
The world's largest economy will grow at an average 0.7 percent annual pace from July through December, half the gain in the first six months of the […]

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The Southern Environmental Law Center has made good on a threat to file suit against Duke Energy Corp. to halt construction at the Cliffside Steam Station.
The organization contends Duke doesn’t have a valid air-quality permit to expand the coal-burning electric plant.
Duke contends otherwise, although it has agreed to conduct additional analysis of its plans for […]

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Amazon.com Inc. said it will open a new fulfillment center in Goodyear, Arizona, outside of Phoenix, in the third quarter of 2008.
The 500,000-square-foot center will create 600 full-time jobs and an additional 700 temporary jobs during the 2008 holiday season, according to the Seattle-based online retailer (NASDAQ: AMZN).
Amazon already operates another […]

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Mesa Air Group announced Wednesday that its shareholders have approved the company's request to issue outstanding shares to pay off debt.
Earlier this month, the company asked shareholders to approve the plan to issue up to $37.8 million in new stock to repurchase all of its outstanding senior convertible notes, which are due in […]

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The president of a group representing builders and contractors said he's "surprised and frustrated" that the Senate Appropriations Committee on Wednesday reinstated language in a bill contractors say strengthens union power in the state.
The House of Representatives approved House Bill 1170, sponsored by Rep. John Soper, D-Thornton, and Sen. Lois Tochtrop, D-Thornton, […]

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The Bank of England signaled that financial institutions may reduce mortgage and corporate lending and a separate report showed services expanded in March at the weakest pace in four months.
Banks predict a “slightly larger'' reduction in home loans in the next quarter after offering fewer of them in the past three months, the […]

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Asplund Supply Inc., with headquarters in Auburn, has been bought by Waxie Sanitary Supply of San Diego for an undisclosed sum.
Asplund Supply has locations in Wenatchee and Auburn as well as Anchorage, Fairbanks and Kenai in Alaska. The company was founded in 1954 and distributes janitorial supplies and equipment payday advance lender.
[…]

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