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Business Breaking

CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM
                                In April, spending by visitors from Japan, Hawaii’s top international market, grew 5 percent to $146 million, while arrivals increased 8 percent to 147,532.

Hawaii tourism continues blistering pace in April

CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM
                                In April, spending by visitors from Japan, Hawaii’s top international market, grew 5 percent to $146 million, while arrivals increased 8 percent to 147,532.

Updated on  May 26, 2017 at 12:43 pm
Visitor arrivals and spending to the Hawaiian islands increased for the 11th straight month in April, keeping Hawaii on track for its sixth year in a row of record tourism. Read More
ASSOCIATED PRESS
                                Chinese women passed by a poster with the word “The New Normal” an a art district in Beijing, on Tuesday. Credit rating agency Moody’s cut its credit rating for China, today, citing slowing economic growth and rising debt that it says will erode the country’s financial strength.

Moody’s cuts China credit rating over rising debt

ASSOCIATED PRESS
                                Chinese women passed by a poster with the word “The New Normal” an a art district in Beijing, on Tuesday. Credit rating agency Moody’s cut its credit rating for China, today, citing slowing economic growth and rising debt that it says will erode the country’s financial strength.
The Moody’s ratings agency today cut China’s credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by Communist leaders as they overhaul a slowing economy. Read More
ASSOCIATED PRESS
                                The top 10 highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. On the top row, from left: Charter Communications CEO Thomas Rutledge; CBS CEO Leslie Moonves; Walt Disney CEO Robert Iger; Discovery Communications CEO David Zaslav; and Activision Blizzard CEO Robert Kotick. On bottom row, from left: Comcast CEO Brian Roberts; Time Warner CEO Jeffrey Bewkes; IBM CEO Virginia Rometty; Regeneron Pharmaceuticals CEO Leonard Schleifer; and Wynn Resorts CEO Stephen Wynn.

CEO pay climbed faster last year, up 8.5 percent

ASSOCIATED PRESS
                                The top 10 highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. On the top row, from left: Charter Communications CEO Thomas Rutledge; CBS CEO Leslie Moonves; Walt Disney CEO Robert Iger; Discovery Communications CEO David Zaslav; and Activision Blizzard CEO Robert Kotick. On bottom row, from left: Comcast CEO Brian Roberts; Time Warner CEO Jeffrey Bewkes; IBM CEO Virginia Rometty; Regeneron Pharmaceuticals CEO Leonard Schleifer; and Wynn Resorts CEO Stephen Wynn.
The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years. Read More
ASSOCIATED PRESS
                                A drone took off to deliver a JD.com parcel, in Nov. 2016, from Tiantong’a village near Suqian city in eastern China’s Jiangsu province.

Chinese online retailer developing one-ton delivery drones

ASSOCIATED PRESS
                                A drone took off to deliver a JD.com parcel, in Nov. 2016, from Tiantong’a village near Suqian city in eastern China’s Jiangsu province.

Updated on  May 22, 2017 at 12:27 pm
China’s biggest online retailer, JD.com Inc., announced plans today to develop drone aircraft capable of carrying a ton or more for long-distance deliveries. Read More
ASSOCIATED PRESS
                                Ford Motor Co. President and CEO Mark Fields spoke during an April 12 media preview of the 2018 Lincoln Navigator at the New York International Auto Show in New York. Ford is replacing Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services.

Fields out at Ford; new CEO Hackett known for turnarounds

ASSOCIATED PRESS
                                Ford Motor Co. President and CEO Mark Fields spoke during an April 12 media preview of the 2018 Lincoln Navigator at the New York International Auto Show in New York. Ford is replacing Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services.
Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. Read More
 
ASSOCIATED PRESS
                                Volkswagen has acknowledged that the vehicles were programmed to turn on emissions controls during government lab tests and turn them off while on the road. The EPA alleged the scheme let the cars spew up to 40 times the allowable limit of nitrogen oxide, which can cause respiratory problems in humans.

Volkswagen has fix for more cars in cheating scandal

ASSOCIATED PRESS
                                Volkswagen has acknowledged that the vehicles were programmed to turn on emissions controls during government lab tests and turn them off while on the road. The EPA alleged the scheme let the cars spew up to 40 times the allowable limit of nitrogen oxide, which can cause respiratory problems in humans.
U.S. and California regulators approved a fix for more Volkswagen cars caught up in the company’s emissions cheating scandal, giving their owners an option to keep the vehicles instead of having the automaker buy them back, regulators announced today. Read More
 
COURTESY PHOTO
                                Kelly Hoen is leaving The Modern Honolulu to become area general manager for Outrigger Enterprises Group.

Kelly Hoen leaving The Modern to manage Outrigger Group

COURTESY PHOTO
                                Kelly Hoen is leaving The Modern Honolulu to become area general manager for Outrigger Enterprises Group.

Updated on  May 17, 2017 at 6:20 pm
The appointment of long-time Hawaii hotel executive Kelly Hoen to area general manger for Outrigger Enterprises Group, completes a major transition which began last year when the chain announced the departures of three high-profile hotel executives and a reorganization following the sale of the formerly family-owned company to Denver-based KSL Capital Partners. Read More
ASSOCIATED PRESS
                                Specialist Dilip Patel worked at his post on the floor of the New York Stock Exchange today. Financial companies led stocks sharply lower in early trading as investors fretted over the potential fallout roiling the Trump administration.

Dow falls 370 points; Bonds rally on Trump turmoil

ASSOCIATED PRESS
                                Specialist Dilip Patel worked at his post on the floor of the New York Stock Exchange today. Financial companies led stocks sharply lower in early trading as investors fretted over the potential fallout roiling the Trump administration.
The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since July and volatility spiked higher as the turmoil surrounding the Trump administration roiled financial markets around the globe. Read More
ASSOCIATED PRESS
                                A Google icon on a mobile phone, in Philadelphia, as seen on April 26. Google today provided a look at its latest digital offerings, with a heavy focus on its efforts to extend artificial intelligence features into more of its apps and services.

Google rolling out arsenal of services, gadgets

ASSOCIATED PRESS
                                A Google icon on a mobile phone, in Philadelphia, as seen on April 26. Google today provided a look at its latest digital offerings, with a heavy focus on its efforts to extend artificial intelligence features into more of its apps and services.
Google provided a look at its latest digital offerings, with a heavy focus on its efforts to extend artificial intelligence features into more of its apps and services. Read More

HECO asks public to secure metallic balloons, streamers

Hawaiian Electric Co. is urging customers to hang on tight to metallic balloons and other celebration materials, after metallic streamers caused an outage early this morning. Read More
Updated on  May 17, 2017 at 5:07 am
ASSOCIATED PRESS
                                Shares edged higher Monday, May 15, 2017, in Europe and Asia, despite worries of disruptions from the “WannaCry” ransomware cyberattack over the weekend.

Spurt in oil prices sends U.S. stock indexes to record highs

ASSOCIATED PRESS
                                Shares edged higher Monday, May 15, 2017, in Europe and Asia, despite worries of disruptions from the “WannaCry” ransomware cyberattack over the weekend.

Updated on  May 15, 2017 at 9:21 am
A spurt in oil prices today revived energy stocks, which have been among the year’s worst performers, and helped push the Standard & Poor’s 500 index to a record high. Read More
ASSOCIATED PRESS
                                A screenshot of the warning screen from a purported ransomware attack, as captured by a computer user in Taiwan on May 13, was seen on a laptop in Beijing. Global cyber chaos spread today as companies booted up computers at work following the weekend’s worldwide “ransomware” cyberattack.

Cyberattack wave ebbs, but experts see risk of more

ASSOCIATED PRESS
                                A screenshot of the warning screen from a purported ransomware attack, as captured by a computer user in Taiwan on May 13, was seen on a laptop in Beijing. Global cyber chaos spread today as companies booted up computers at work following the weekend’s worldwide “ransomware” cyberattack.
Yuri Kageyama in Tokyo, Louise Watt, Yu Bing and Liu Zheng in Beijing, John Leicester in Paris, Youkyung Lee in Seoul and Kelvin Chan in Hong Kong contributed to this report. Read More
ASSOCIATED PRESS
                                Workers with the Pebble Mine project test drilled in the Bristol Bay region of Alaska, in July 2007, near the village of Iliamma. The Trump administration settled a lawsuit today over the proposed development of a massive gold and copper mine at the headwaters of one of Alaska’s premier salmon fisheries.

EPA allows mine company to pursue permits near pristine Alaska bay

ASSOCIATED PRESS
                                Workers with the Pebble Mine project test drilled in the Bristol Bay region of Alaska, in July 2007, near the village of Iliamma. The Trump administration settled a lawsuit today over the proposed development of a massive gold and copper mine at the headwaters of one of Alaska’s premier salmon fisheries.
In a sharp reversal, the U.S. Environmental Protection Agency has cleared a way for the company seeking to develop a massive copper and gold deposit near the headwaters of a world-class salmon fishery in southwest Alaska to pursue permits. Read More

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