Reported by Star-Bulletin staff & wire
Tuesday, November 11, 1997
Conference to spotlight assisted living projects
Healthcare experts will tell how to avoid costly mistakes when designing and operating assisted living facilities in Hawaii at a conference later this month.The conference, scheduled for Nov. 21 from 7:30 a.m. to 4:30 p.m., at the Sheraton Waikiki Hotel, brings together architects, developers, builders, and senior housing operators. Assisted living is for seniors who need some help with daily chores such as bathing and meals, but do not need full-time care in a nursing home.
The conference is sponsored by Assisted Living Options Hawaii, a group to support developers, providers and consumers of assisted living. Co-sponsors are the American Institute of Architects and the Building Industry Association of Hawaii. Mildred Ramsey, vice president of Assisted Living Options Hawaii, said sessions will include how to avoid the high cost of new development by retrofitting existing buildings.
Cost is $85 for ALOH members and $100 for nonmembers. For more information call 839-2462.
Wal-Mart's net up 16%; expects more growth
Wal-Mart Stores Inc., the nation's largest retailer, said today its third-quarter earnings rose 16 percent and added it expects its strong results to continue through the holiday season.Bentonville, Ark.-based Wal-Mart reported net income of $792 million, or 35 cents a share, compared with $684 million, or 30 cents a share, in the same period a year ago. Sales for the third quarter reached almost $28.8 billion, up from $25.6 billion a year ago.
"We are well positioned for the holiday season and look forward to continued double digit growth in sales and, more importantly, earnings," said David Glass, Wal-Mart's president and CEO.
Tokyo police raid offices of 2 electronics giants
TOKYO -- Police today raided the headquarters of Toshiba Corp. and Mitsubishi Electric Corp., investigating allegations that the companies made illegal payments to a racketeer.Television showed 15 officers entering the Mitsubishi building in Tokyo. About 15 officers also went into Toshiba's head office.
The raids on the two internationally known electronics makers came one day after the arrests of Takeshi Watanabe, 55, a senior official in the general affairs department with Toshiba, and Yoshiki Sugiura, 47, chief of the general affairs division with Mitsubishi. The two were arrested on charges they paid off Terubo Tei, a 53-year-old admitted racketeer, to ensure that the companies' annual shareholders meetings ran smoothly.
Toshiba and Mitsubishi said the companies would cooperate.