Business Breaking Archives | Honolulu Star-Advertiser
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Business Breaking


Harley-Davidson offers free motorcycles to summer interns

Harley-Davidson is offering free motorcycles for those who join its 2018 summer internship program. The Milwaukee-based motorcycle maker says it will teach the interns how to ride, compensate them for their work and travels, and let them keep their motorcycles. Read More

U.S. brands suffer collateral damage in Chinese corporate war

Executives from five major consumer brands told the Associated Press that after they refused to enter exclusive partnerships with Alibaba, traffic to their Tmall storefronts fell, hurting sales. Three are American companies with billions in annual sales that rely on China for growth. Read More

Researcher in Facebook data scandal apologizes

Updated on  April 23, 2018 at 10:59 am
The academic at the center of the Facebook data-misuse scandal is apologizing for his actions, but also says he thought he did nothing wrong at the time. Read More

Bank of Hawaii increases dividend 15.4% as tax cut helps earnings

Bank of Hawaii Corp. boosted its dividend 15.4 percent on the heels of a new tax law that enabled the company to realize big savings on its tax bill and produce higher first-quarter earnings. Read More
Updated on  April 23, 2018 at 9:55 am

Sears’ biggest shareholder offers to buy Kenmore brand

Updated on  April 23, 2018 at 12:41 pm
Sears’ biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, offering itself as a potential buyer. Read More

Tesla gets an ‘F’ from Better Business Bureau

Tesla may get an “A” grade for the look of its cars, and the experience of driving one of its vehicles. But Tesla gets an “F” from the Better Business Bureau, which says Tesla responds poorly to customer complaints. Read More

FAA orders inspections of more jet engines

Updated on  April 20, 2018 at 2:04 pm
The Federal Aviation Administration today ordered ultrasound inspections of hundreds of jet engines like the one that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines plane. Read More

Wells Fargo to pay $1B for mortgage, auto lending abuses

The action by the CFPB is notable because it is the first penalty imposed by the bureau under Mick Mulvaney, who President Trump appointed to take over the consumer watchdog agency in late November. Read More

Trump’s latest plan to save coal comes from Cold War era

Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online as President Harry Truman once did during the Korean War, according to four people familiar with the discussions. Read More

Evidence of an oil spill was obvious, but was it a crime?

It was the worst California coastal spill in 25 years. But was it a crime scene? Jurors being selected in Santa Barbara County Superior Court will determine if the company that operated the pipeline that ruptured, spilling 142,000 gallons of crude oil in 2015, broke any laws. Read More

British cybersecurity expert’s U.S. case delayed

Attorneys for a British cybersecurity expert credited with stopping a computer virus have been given more time to prepare for arguments on whether to suppress statements he made to the FBI after his arrest on criminal indictment. Read More

Oil, gas drilling in pristine Alaska refuge takes step ahead

A notice being published this week in the Federal Register starts a 60-day review to sell oil and gas leases in the remote Arctic National Wildlife Refuge in northeast Alaska. Oil and gas drilling in the pristine area is a longtime Republican priority that most Democrats fiercely oppose. Read More

Southwest sought more time for jet engine inspections

Southwest Airlines sought more time last year to inspect fan blades like the one that snapped off during one of its flights this week in an engine failure that left a passenger dead. The airline opposed a recommendation by the engine manufacturer to require ultrasonic inspections of certain fan blades within 12 months, saying it needed more time to conduct the work. Read More

Japan finance official quits over alleged sexual misconduct

A senior Japanese finance ministry official has resigned after being accused of sexual misconduct in the latest embarrassment for Prime Minister Shinzo Abe’s embattled government, already hit by cronyism and other scandals. Read More

The fiscal hijinks of North Korea’s new budget

North Korea’s Supreme People’s Assembly passed a budget last week in an annual ritual reflecting the country’s conflicting desires to keep up appearances, especially for potential foreign investors, while obscuring even the most basic statistics needed to gauge its economic health. Read More

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