BUSINESS BRIEFS
Blessing slated for CPB branch
Advertiser Staff and News Services
Central Pacific Bank has scheduled a groundbreaking and traditional Hawaiian blessing today for a new branch in Pearl City.
The branch, scheduled to open next summer, will be Central Pacific's fourth and largest location in the Pearl City-Aiea area, bank officials said.
Central Pacific has more than $5 billion in assets and operates 38 branches state-wide.
LUCENT, ALCATEL TIE-UP APPROVED
PARIS — Alcatel SA and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing yesterday for their $10.7 billion tie-up to create a major global telecommunications equipment maker.
The near-simultaneous votes in Paris and Wilmington, Del., gave the go-ahead for Alcatel's all-stock acquisition of New Jersey-based Lucent, scheduled for completion by the end of the year.
ONLINE BETTING EXEC ARRESTED
NEW YORK — The chairman of British online gambling company Sportingbet PLC has been detained in New York on a fugitive warrant, two months after the chief executive of BetOnSports PLC was arrested in the United States on racketeering charges.
Peter Dicks was arrested at Kennedy International Airport on an outstanding warrant issued by the Louisiana State Police Gaming Enforcement Division.
