BUSINESS BRIEFS
Gas cap could rise 14 cents
Advertiser Staff and News Services
Hawai'i's wholesale gasoline price cap could jump about 14 cents a gallon next week, according to Advertiser calculations. The cap is set weekly based on wholesale prices during a five-day period in three Mainland markets. After the first four days of market data the cap was poised to rise to $2.312 a gallon for regular on O'ahu on Monday, up from this week's cap of $2.177. The cap doesn't include taxes or dealer markup.
The cap would be nearly 17 cents a gallon lower if a proposed amendment to the state's price cap law were in effect next week.
KHNL NEWS DIRECTOR NAMED
Former KHON-TV news director Dan Dennison has been named news director at KHNL NBC 8. Dennison currently is the news director of KSBY, an NBC affiliate in San Luis Obispo, Calif. He starts at KHNL on April 17. Between 2003 and 2004, he was the news director at KHON.
BEN & JERRY'S STORE PLANNED
Ben & Jerry's plans to open its first Hawai'i outlet this summer at Ward Centre. The franchise will be operated by local developer Scoop Shops Hawaii Inc. Ben & Jerry's produces a variety of premium ice cream and sorbets using products from a Vermont dairy cooperative.
KBH BUYS HOTEL AT KEAUHOU
KBH Inc., a subsidiary of the for-profit development arm of Kamehameha Schools, said yesterday it has acquired the 311-room Keauhou Beach Hotel at the Keauhou Resort on the Big Island.
KBH, a unit of Bishop Holdings Inc., purchased the hotel from Arizona-based investment firm Southwest Value Partners, which had acquired the property in 1998 from financially troubled Azabu Building Co. of Japan. Other terms of the acquisition were not made public.
Outrigger Hotels & Resorts will continue operate the hotel. Keauhou Resort is a 2,400-acre resort community five miles south of Kailua, Kona.
