Friday, May 22, 2015         

Business

Hawaii Direct Mail

Hawaiian Airlines slapped with fines

By Dave Segal
Hawaiian Airlines has been fined $160,000 by the U.S. Department of Transportation for under-compensating passengers for late baggage and for deceiving customers on a credit card promotion.

NextEra, HEI wary about sharing information

By Kathryn Mykleseth
NextEra Energy Inc. and Hawaiian Electric Industries Inc. don't want to share secrets with any organizations that may be considering an alternative to the planned $4.3 billion sale of HEI to NextEra.

Layoffs and cutbacks lie ahead for Big Island hospitals

By Kristen Consillio
Nearly 90 Hawaii island workers will lose their jobs as a result of planned closures and cutbacks at Hilo Medical Center, Ka‘u Hospital and Hale Ho‘ola Hamakua.

Oahu power bills drop again

By Kathryn Mykleseth
Lower fuel prices and an amended supply contract whittled down Oahu customers' electric bills this month. Bills for residential households on the state's most populous island fell in May for the eighth straight month, according to Hawaiian Electric Co.

Hawaiian shareholder gives back

By Dave Segal
Zac Hirzel, Hawaiian Airlines' largest shareholder with an 8.3 percent stake of the company, is using his director's fees to sponsor 32 of Southern Methodist University's top business students on a trip to Hawaii.

Isle software-maker's value soars to $347M

By Andrew Gomes
Kahului-based Code Rebel Corp., which makes and licenses software connecting PC and Mac computer systems, recently sold 1 million shares of stock for $5 apiece to investors who on Tuesday began trading some of the shares that surged to close at $15.85.

Toyota promises to help find cause of Takata airbag defects

By Yuri Kageyama Posted 08:40 p.m. HST, May 21, 2015
Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern.

Major banks fined more than $5B, to plead guilty to criminal charges

By Ken Sweet & Eric Tucker Posted 12:50 p.m. HST, May 20, 2015
Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets — a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution.

Court suspends macadamia nut rage executive's prison term

By Youkyung Lee Posted 04:28 p.m. HST, May 21, 2015
A South Korean court Friday suspended the prison term of the former Korean Air executive whose onboard "nut rage" tantrum delayed a flight last year, immediately ending her incarceration.

Hackers break into another health insurer; 1.1M subscribers affected

By Associated Press Posted 02:42 p.m. HST, May 20, 2015
In the latest disclosure of a cyberattack against a health insurer, CareFirst BlueCross BlueShield says that attackers gained access to a database that included the names of 1.1 million people.

Companies that employ West Coast dockworkers OK contract

By Justin Pritchard Posted 05:56 p.m. HST, May 20, 2015
A spokesman says the companies that employ West Coast dockworkers have approved a proposed contract that restored labor peace to sea ports that had all but stopped moving cargo earlier this year.
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