Honolulu Star-Bulletin from Honolulu, Hawaii • 27

PRICES AT THE PUMP Soil-service cash price In dollars por gallon. Stations, except Lex Brodie's on Quean Street, are In the general area bordered by King, McCulIy, Beratania and Pensacola streets. mm Today's market E. Up: 855 stocks Dow Jones 0 Down: 1,131 Stocks At: 3449 93, Volume: 233.313,630 34.04 Tuesday, July 6, 1993 Star-Bulletin 441.43 4.41 Section Northw Regular Mldgrada Premium Unleaded Unleaded Unleaded Aloha 1.459 1.579 1.689 LaxBrodle 1.489 1.699 Chevron 1.489 1.599 1.699 Gas Express 1.499 1.599 1.699 Shell 1.489 1.599 1.699 Texaco 1.489 1.589 1.699 Unocal V479 1.729 Limited service provided lots 1 1 'i 1 -rp- LJ sV. I Mainland prices National average for regular unleaded gasoline 1 .1 84 Source: AAA-Hawaii.

UI 1 Stor-Buiietin if The tentative agreement could avert a bankruptcy filing by the troubled airline Reuters CHICAGO Northwest Airlines, teetering on the brink of bankruptcy, has reached a tentative deal with its pilots, who will concede $365 million SMALL BUSINESS BRIEFCASE If Bordtrt Special to the Star-Bulletin The inside of this Borders Book Shop in Oak Brook, will look similar to the interior of the Waikele superstore. inwage and other cuts over three years, sources close to the talks said today. The financially troubled carrier, the nation's fourth largest, had been expected to file for bankruptcy court protection as early as today if an agreement with the pilots was not reached. The deal, which came af Northwest in Hawaii Airline's Honolulu holdings: Employees: 1,344 including 695 flight attendants, 298 pilots and 275 machinists. Mainland flights: Five to West Coast cities each day.

(T wice daily service to Los Angeles and San Francisco; daily service to Seattle.) Asian flights: 1 8 weekly to Tokyo; one daily to Guam, Fukuoka, Osaka and Nagoya. Book lovers prepare fake on Borders The Borders line Borders Books Music: Opening: Store with 100,000 book titles, plus music and videos, on 27,000 square feet. Where: Waikele Center. When: Late August. Owners: Wholly-owned subsidiary of mart Corp.

Employees: About 40. people on that island, with military and residents and tourists," he said. "We have looked at all major metro areas over the past number of years, and we figure Hawaii residents will come to a big store like ours." Borders has gained a wide reputation as something of a haven for readers. The Wall Street Journal last year said its stores are "considered some of the classiest and best-run book outlets in the nation," and columnist George Will was inspired to write piece about the company after a store opened in suburban Washington. A typical Borders has light-oak fixtures, with benches and chairs scattered about so shoppers can peruse books under carefully balanced lighting.

Background music is classical or jazz, and clerks must pass a test before being hired (Sample question: Who wrote Answer: George Eliot). As an espresso bar planned for the Waikele store indicates, the target clientele is adults. "Borders has done what they do See BOOKS, Page D-4 One of the tony chain's superstores will open in Waikele Star-Bulletin staff "1 FIONOLULU book lovers will be able to get their fill -V of quality browsing time when Borders Inc. opens one of its book "superstores" in the Waikele Center later this year. The store will cover about 27,000 square feet and carry an estimated 100,000 book titles, said Robert DiRomualdo, president of the Ann Arbor, company.

By comparison, Waldenbooks' largest outlet in Hawaii, at Pearlridge, has about 3,200 square feet of floor space and 15,000 to 17,000 titles. Borders also will stock some 8,000 video titles and a "vast selection" of music, in line with the company's recent move into other types of merchandise, DiRomualdo said. The projected opening date is in late August. "You've got close to a million J' Map 1 I area i 1 1Mlle8T A Waikele Center Seminar on homeowners' Insurance The Board of Realtors is sponsoring a seminar to update real estate agents on the homeowners insurance crisis, and other city and state legislation that affects home buyers and sellers. The seminar will be held on Friday from 9 a.m.

to 12 p.m. at the Realtors Training Center located at 1136 12th Avenue, Suite 200. A panel of experts will discuss the homeowners' insurance crisis. They include: Linda Chu Takayama, state insurance commissioner, State Sen. Donna Ikeda, chairwoman of the Senate Consumer Protection Committee.

State Rep. Robert Bunda, chairman of the House Consumer Protection Committee. Hugh Thome of Cavanah Associates Inc. Joe Kief er of Bank of Hawaii's Legal Division. Helen Lindemann, chairwoman of the Hawaii Association of Realtors Government Affairs Committee.

Merrily Leong, director of government affairs for the Realtors group. The seminar will include a question-and-answer period. The cost is $15 for Realtors and $30 for non-members. To register, call Paula Ching at 732-3000, extension 5. Minority business session to be held The Honolulu Minority Business Development Center will hold a free orientation session Tuesday at 9 a.m.

at the offices of Grant Thornton, First Hawaiian Tower, Suite 1000, 1132 Bishop St. in downtown Honolulu. The session will explain MBDC's services. It will last less than two hours and will include a one-on-one consultation. For more information call 531-6232.

The Honolulu Minority Business Development Center is operated by Grant Thornton and is sponsored by the Minority Business Development Agency, a part of the U.S. Department of Commerce, Workshop wiii help restauranteurs A restaurant management workshop will be offered on Wednesday, July 21 at the Pagoda Hotel by SCORE of Hawaii a volunteer organization. The workshop is for food service owners, manag- ers, employees and those interested in starting an eatery. SCORE member Paul has 27 years of experience owning and running restaurants, will conduct the workshop. Subjects include lease evaluations, design, startup, controlling costs, management, accounting and employee relations.

A registration fee of $40 includes coffee, lunch and materials. The fee must be received by the SCORE office by July 14. The late registration fee is $50. Mail check to SCORE, U.S. Small Business Administration, 300 Ala Moana Honolulu 96850.

For information call 541-2977. SCORE is the Service Corps of Retired Executives. It is partially funded by the Small Business Administration. Law courses for the layman offered A series of courses covering pratical law information will be taught at the Windward Community College by real estate lawyer Robert Morris. The courses are: Wills, trusts and estate planning.

Thursday, from 6 to 9 p.m. Hawaii residential landlord-tenant law. Thursday, July 15, from 6 to 9 p.m. Using the law library. Two sessions Saturdays, July 10 and July 17, from 9 a.m.

to noon. Condominium lease-to-fee conversion. Saturday, July 24, from 9 a.m. to noon. All classes are $45 each.

Call the WCC Office of Community Services at 235-7433 for information. Legislature's '93 session reviewed Honolulu lawyers Gary Slovin will speak on the 1993 session of the state Legislature at the July luncheon meeting of the Institute of Real Estate ManagementHawaii Chapter. The luncheon will be held on Wednesday, July 21 at noon at the Ala Moana Liberty House Garden Court meeting room. The cost is $15 for IREM members, $20 for guests. For reservations, call Marsha Shimizu at 7344000 by July 16.

Reported by Star-Bulletin staff ter an all-night meeting, involved $304 million to $308 million in wage cuts, a source said. The rest of the concessions come from work-rule changes. A Northwest spokesman in Minneapolis declined to comment on the specifics, and the Air Line Pilots Association wasn't available. The union's governing board ratified the deal 24-to-l, Northwest said. The governing board has the power to accept or reject the pact without putting it to a vote by its members.

The tentative agreement with the pilots comes after nearly three weeks of negotiations. JN Productions to run KHAI-TV Japanese language shows will run on just 1 channel By Russ Lynch Star-Bulletin KHAI-TV, which shows Japanese-language news, sumo and other Japanese programs, will expand its coverage Aug. 2 when it takes over the Japanese programs from another Honolulu station, KBLE-17. The change comes in an agreement between KHAI owner International Channel Network and JN Productions owner Joanne Ninomiya. ICN, a major U.S.

broadcaster of Chinese, Korean and other ethic television on cable, acquired KHAI in 1989. The programs to move include the popular features Soko Ga Shiritai, which airs on KBLE on Wednesday nights, and Tsuiseki and Toshiba Theater, which KBLE carries on Sundays. Ninomiya, whose company is responsible for most of the Japanese programming seen on local non-pay television as well as for English subtitling and local commercial production in Japanese, will take over day-to-day management of KHAI. That will include responsibility for sales, programming and marketing. Ninomiya said today that JN Productions will remain independent KHAI is broadcast over the air on Channel 20 and on cable as Channel 21.

KHAI will expand its broadcast hours. Ninomiya said today that talks are being held with KHNL-TV, Channel 13 in the air and Channel 8 on cable, about bringing that station's Japanese programs over to KHAI as well. Star-Bulletin Apple to lay off 16 of workers The reduction is part of a long-term restructuring, it says pany to accelerate revenue, unit and earnings growth." Spokeswoman Kate Paisley added, "This is a significant restructuring of the company." Apple's profits have been IIH'IIJAUII IH'I II I' I has grappled with lower profit margins. Apple, which traditionally kept prices and margins high, has been forced to cut prices because of stiff competition from other computer makers. Major companies throughout the computer industry are experiencing accelerating change and are pursuing ever-more cost-conscious consumers.

There is speculation IBM Corp. will announce more layoffs and restructuring charges soon, while competitors Compaq Computer Corp. and Digital Equipment Corp. are getting more heavily into smaller, cheaper, but still powerful, machines. Shares of Apple were down 75 cents to $37.75 in Nasdaq trading.

The announcement was widely shrinking in the face of the relentless computer price wars, prompting the investment community to call for an extensive restructuring to revive the company's market share and bottom line. Reuters SAN FRANCISCO Apple Computer struggling with shrinking profits and an industry in transition, said today it will lay off 2,500 employees, about 16 percent of its work force, and is planning other major changes. The announcement of major layoffs fueled speculation that Chairman John Sculley, who recently gave up the post of chief executive officer to President Michael Spin-dler, would leave Apple. Apple described the move as "a broad re-engineering of the com Michael Spindler Apple's stock has fallen 40 percent since January as the company NEWSWATCH EXECUTIVE PROFILE Likes ad industry dynamics Key rates in percent Sat U. Q.

-O PRIME RATE 6.00 6.00 6 50 DISCOUNT RATE 3 00 3 00 3 50 FEDERAL FUNDS 3 38 3 92 3.46 BILLS 2.97 3 00 3 22 6- MO.TREAS. BILLS 3.09 3.11 3 33 7- YR. TREAS. NOTES 5.41 5 42 6 48 LOOKING AHEAD 30-YR. TREAS.

BONDS 6.68 6.67 7.62 Source: Salomon Brothers and Telerate Tomorrow: The Big Three U.S. automakers sales reports. Patricia Zumstein said she had an interest in human behavior. But she said she opted for a career in advertising over one in psychology because she wanted "a more dynamic environment" That's the kind of environment she steps into as the newly appointed associate media director at Starr Seigle McCombs the state's largest advertising agency. Prior to joining the Starr Seigle, Zumstein spent eight years with Cosmopu-los Crowley Daly of Boston.

Most recent FARGUS David WaisglassGordon Coulthart Name: Patricia Zumstein Age: 34 Position: Associate media director, Starr Seigle McCombs Inc. First Job: Market research assistant Favorite pastime: Sailing, snorkeling the world. Chip makers are worried about when the factory will resume production, industry sources said. Police are investigating the cause of the explosion, which killed one worker and injured three people. AMD prof its soar 60 in its second quarter Advanced Micro Devices Inc.

said today it earned $61.8 million in the quarter ending June 27, a 60 percent increase over a year ago despite a shift away from the 386 computer chip that was the company's most lucrative product. The company's profit amounted to 65 cents per share. A year ago, AMD earned $38.9 million, or 43 cents per share. Sales for the quarter were $409.1 million, up 17 percent from $350.2 million a year ago. Campbell Estate moves into Kapolei headquarters The City of Kapolei has its first corporate tenant.

The Campbell Estate, which owns the land on the Ewa plain and is the leading developer of Kapolei, moved into Oahu's "second city" over the weekend, occupying the oot James Campbell Building. The estate's 114 employees will occupy 45,000 square feet. The rest will be leased. From staff and wire reports Gold, oil prices jump on the commodity markets Gold prices rose sharply today as aggressive buying of the precious metal by U.S. investment funds followed speculative demand earlier in the day in Europe.

The August gold contract on New York's Commodity Exchange advanced $6.40 to a price of $393.10 an ounce. Experts, who say the market should continue to benefit from technical factors and fears of rising U.S. inflation, predicted a run to around $420 an ounce. Separately, oil prices soared today as the latest crisis between Iraq and the United Nations cast a shadow over talks on whether 1 Baghdad should be allowed to resume oil exports. August crude oil rose 40 cents to $18.35 a barrel on the New York Mercantile Exchange, bouncing back from Friday's slump to an 18-month low of $17.85.

Oil had fallen on speculation then that the Iraqis would resume exports to an already glutted oil market. Iraq and the United Nations begin a new round of oil talks Wednesday amid a dispute over Iraq's refusal to allow weapons inspectors to install monitoring cameras at two missile sites, as demanded by a special U.N. commission. The U.N. Security Council regards Iraq's barring of the cameras as a breach of Gulf War ceasefire resolutions and has warned Baghdad that there could be serious consequences.

U.N. inspector Nikita Smidov-ich, speaking to reporters on Sunday, held out little hope that the Iraqis would reverse their stance and allow his team to install the cameras. Baghdad's oil exports have been halted since the 1990 Gulf crisis, sparked by Iraq's invasion of Kuwait Chip factory explosion might damage industry A factory explosion in Japan on Sunday revealed a weak link in the mighty computer chip industry in Japan, and perhaps the world. Sumitomo Chemical Co. Ltd.

said today that the explosion in its factory in Ehime, in southwestern Japan, cut off 60 percent of the world's production of high-grade epoxy resin, used to make packages for computer chips throughout jAjTL control ly, she was Cosmopulos' media director and vice president Zumstein also worked four years in the Washington D.C. office of J. Walter Thompson. Born in San Francisco, Zumstein completed her bachelor's degree in communications from Florida State University in 1980. In 1989, she received a graduate certificate from Harvard University's business program.

Zumstein is a member of the AdvertisingMarketing International Network and the Hotel Sales and Marketing Association International. In her new post, she will oversee print media activity at the agency. Rick Daysog, Star Bulletin "This seems a little too easy..