By local and wire sources
Tropical Fruit Growers meeting on Monday
The next meeting of the Hawaii Tropical Fruit Growers will be held Monday from 7 to 9 p.m. at the University of Hawaii Cooperative Extension Service office in Kainaliu.
Brian Lievens will discuss the citrus family of fruit and its relatives like white sapote and wampee.
Members are asked to bring fruit for sampling.
For more information, contact Ken Love, 323-2417 or Ken@mycoffee.net; or Virginia Easton Smith, 322-4892 or vsmith@hawaii.edu.
Merriman’s earns award from Wine Spectator
Merriman’s, Waimea, is a recipient of the Wine Spectator’s 2006 Award of Excellence, which honors the restaurant for its outstanding wine program that features “well-chosen selections of quality producers.”
For four consecutive years, Merriman’s has been honored with the Award of Excellence, which symbolizes the restaurant’s commitment to vintage depth, thematic matches for menu selections and a range of both price and style.
“At Merriman’s, we are continually motivated to serve our guests, our community and the local farmers,” said owner Peter Merriman, co-founder of Hawaii Regional Cuisine. “We match wines to achieve a balance with our local produce, fish and meats. Our wine service reflects our founding commitment to provide the most authentic dining experience in Hawaii.”
Merriman credits his professional servers, especially cellar master Jim Lunchick, who has 15 years experience pairing wines with Merriman’s menu selections, for their knowledge of and passion about vintage selections.
NEW YORK
Lehman Brothers beats estimates
Lehman Brothers Holdings Inc. on Wednesday delivered third-quarter profit above expectations as Wall Street’s No. 4 securities firm relied on trading gains to make up for a slowdown in investment banking activity.
The languishing of the investment banking business might be temporary, as Lehman expects a record pipeline of deals that could power fourth-quarter earnings. Investors seemed pleased with the news, sending Lehman’s shares up $2.04, or 3 percent, to close at $70.06 on the New York Stock Exchange.
The New York-based financial services firm said it was snared by challenging market conditions and signs the economy is moderating. The slow summer quarter not only curbed trading activities from the first half’s blistering pace, but dampened demand for merger advisory and initial public offerings.
Lehman reported net income applicable to common stock of $899 million, or $1.57 per share, compared with $864 million, or $1.47 per share, a year earlier.
NEW YORK
Gold and silver bounce from low
A combination of technical factors, firmer crude oil and a slight pullback in the U.S. dollar enabled gold and silver futures to post modest advances Wednesday.
December gold rose $2 to settle at $596.30 a troy ounce on the Comex division of the New York Mercantile Exchange, while December silver added 6 cents to $11.20 an ounce.
By local and wire sources