Rocket launch aborted<\/p>\n
HONOLULU, Hawaii (PIR) – Monday’s planned launch of a Russian rocket carrying a U.S. broadcasting satellite from a sea platform in the Pacific was cancelled at the last minute by the rocket’s computer.<\/p>\n
Sea Launch consortium officials said the lift off was terminated during the countdown when a “possible minor out-of-specification condition was discovered on the satellite.”<\/p>\n
The offshore launch pad is located in international waters near the Kiribati island of Kiritimati (Christmas Island).<\/p>\n
A new launch attempt has been set for February 28.
\nSea Launch is owned by space and aviation companies from the U.S., Russia, the Ukraine and Norway.<\/p>\n
Westpac buys Bankoh shares<\/p>\n
APIA, Samoa (Pacific Islands Report) – Westpac Banking Corporation has purchased Bank of Hawaii’s share holding interest in Pacific Commercial Bank.<\/p>\n
The purchase increases Wespac’s share holding in the Samoa bank from 42 percent to 85 percent.<\/p>\n
Westpac’s chief executive in the Pacific, Alan Walter, said the purchase demonstrates the company’s confidence in Samoa’s strong economy.<\/p>\n
He said the transfer should not disrupt customer service at the branches.<\/p>\n","protected":false},"excerpt":{"rendered":"
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