BUSINESS BRIEFS
Presidio to sell hotel interest
Advertiser Staff and News Services
Presidio Kauai LLC said it will sell its interest in the Courtyard by Marriott Kauai at Waipouli Beach.
The effective date of the sale will be Feb. 22, 2006. Boutique hotel operator Presidio Hotel Group LLC of California bought the property from Pleasant Travel Service in 2003 and entered into a franchise agreement with Marriott.
LICENSING DEAL FOR NELHA
The Natural Energy Laboratory of Hawaii Authority has entered into licensing agreement that will allow Enzamin USA Inc. to put "100 percent Hawaii Deep Seawater" on the labels of the water it produces and bottles at NELHA's facility on the Kona Coast.
Enzamin will pay a standardized royalty amount to NELHA. Enzamin USA joins Koyo USA in buying the right to use the NELHA trademark.
REQUEST TO DROP CHARGES DENIED
HOUSTON — A judge rejected former Enron Corp. CEO Jeffrey Skilling's request to dismiss insider trading charges pending against him in a court opinion made public yesterday.
U.S. District Judge Sim Lake denied Skilling's request to dismiss 10 counts of insider trading. On Wednesday, Lake accepted a guilty plea to securities fraud from ex-Enron accountant Richard Causey, who was go to on trial alongside Skilling and Enron founder Kenneth Lay next month.
SONY LAWSUIT DEAL PROPOSED
NEW YORK — A proposed settlement of lawsuits against Sony BMG Music Entertainment would let consumers receive free music downloads to compensate them for Sony including flawed software on millions of CDs, lawyers said yesterday.
Lawyers said the deal requires the world's second-largest music label to stop manufacturing compact discs with MediaMax software or with extended copy protection or XCP software that could leave computers vulnerable to hackers. A judge was expected to decide in January whether to tentatively approve it.
