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About 70% of adults now have bank account

Roughly 7 out of every 10 adults worldwide now have some form of bank account, the World Bank said Thursday, largely due to the proliferation of cellphone-based bank accounts and other simple bank account programs in places like India and Sub-Saharan Africa. Read More
Updated on  April 20, 2018 at 12:51 am

Amazon reportedly tops 100M prime members

Amazon.com Inc. Chief Executive Officer Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” customer expectations. Read More
Updated on  April 19, 2018 at 12:36 am

United’s pricing power up despite seat growth

United Continental Holdings Inc. is pushing ahead with its aggressive growth plan as robust demand enables the airline to boost fares even as it expands the seat supply. Read More

Korean Air suspends ‘nut rage’ sister

Korean Air Lines said Monday it has suspended one of its chairman’s daughters from her marketing work after she threw a tantrum at a business meeting, triggering public outrage and a police investigation. Read More

New VW CEO shifts focus from scandal to future tech


Updated on  April 13, 2018 at 10:48 pm
Volkswagen’s new CEO said Friday that the automaker must “significantly step up the pace” as it pushes into electric and self-driving vehicle technologies and shakes up its culture in the wake of a scandal over diesel emissions. Read More
 

Officer sues United, Chicago in passenger-dragging case


Updated on  April 12, 2018 at 6:15 pm
An aviation security officer who was fired after dragging a passenger from a plane last year is suing United Airlines and the city of Chicago, claiming he wasn’t properly trained to deal with such a situation and was defamed in the aftermath. Read More

Volkswagen reportedly set to oust CEO

Volkswagen is set to oust its chief executive, Matthias Mueller, as it grapples with a diesel emissions scandal that has cost it billions of dollars, led to the imprisonment of two executives and scarred the German carmaker’s reputation. Read More
Updated on  April 10, 2018 at 9:41 pm

Hawaiian Airlines’ passenger traffic up 8%

Hawaiian Airlines’ passenger traffic rose 8 percent in March as the state’s largest carrier filled up more of its seats and offered more flights than a year ago. Read More
Updated on  April 9, 2018 at 9:17 pm
 

Nine West files for bankruptcy

Nine West Holdings Inc. has filed for bankruptcy protection, the latest retailer to do so as it attempts to restructure its debt and refocus on its more successful products. Read More

Maui Tacos is expanding to mainland


Updated on  April 4, 2018 at 12:31 am
Maui Tacos will open six new restaurants this year and 12 more in 2019, the company said Tuesday in announcing a major expansion that will take the chain to the mainland. Read More

Long-term U.S. mortgage rates dip slightly


Updated on  March 29, 2018 at 11:22 pm
Long-term U.S. mortgage rates moved little this week after a months-long stretch of increases. Read More

HPU receives $1 million gift from supporter


Updated on  March 28, 2018 at 10:06 pm
Hawaii Pacific University has received a $1 million donation from global businessman and HPU supporter Allen Zecha. Read More

U.S. home prices post 6.2% annual gain

U.S. home prices posted another big gain in January, pushed higher by a shortage of homes for sale. Read More

Hawaiian, JAL begin codeshare ticket sales


Updated on  March 24, 2018 at 6:49 am
Hawaiian and Japan airlines began sales Thursday of their codeshare flights for travel starting Sunday. Read More

Existing-home sales climbed 3% last month

U.S. sales of existing homes rebounded in February after declining for the previous two months, a sign that many Americans are still looking to buy despite rising prices and a shrinking number of homes available on the market. Read More
Updated on  March 27, 2018 at 5:00 pm

China’s premier appeals to U.S. to ‘act rationally’

Chinese Premier Li Keqiang appealed to Washington on Tuesday to “act rationally” and avoid disrupting trade over steel, technology and other disputes. He promised Beijing will “open even wider” to imports and investment. Read More

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