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Business

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First Hawaiian Bank owner selling shares

BNP Paribas, the onetime 100 percent owner of First Hawaiian Bank, is selling up to 23 million shares of FHB stock, which will reduce its ownership to as little as 31 percent. Read More

Profit expands for American Savings Bank

American Savings Bank earned more money from loans during the three months ending June 30, and that helped the subsidiary of Hawaiian Electric Industries boost second-quarter income by 23 percent. Read More

Hotel industry sees midyear gains

In the first half of this year, Hawaii’s hotel industry had the highest revenue per available room, or RevPAR, and highest average daily rate, or ADR, among its competitors in top U.S. markets. Read More

Hawaii real estate sales

Derived from Hawaii Bureau of Conveyances Tax Data. Information deemed reliable but not guaranteed. Read More

CBS looks into misconduct claims amid report on CEO

The CBS board says it is investigating personal misconduct claims after reports the company’s chief executive, Les Moonves, is the subject of an upcoming New Yorker story detailing sexual misconduct allegations. Read More

Stock sale ups First Hawaiian Bank’s net in quarter

First Hawaiian Bank’s net income in the second quarter grew 21.4 percent over the previous year to $69.1 million, or 50 cents per share, following a large stock sale by its former majority shareholder. Read More
 

Blessing held for ‘micro-housing’ tower in Kakaako

A New York development firm and a nonprofit partner held a unique ground blessing Thursday for a unique affordable-housing project in Kakaako. Read More

Central Pacific Bank earnings jump 18 percent

Central Pacific Financial Corp., parent company of the state’s fourth-largest bank, reported net income of $14.2 million in the second quarter of 2018, up 18.3 percent from the year-earlier period. Read More
 

Hawaiian Air reports $79.5 million profit

Hawaiian Holdings Inc. (HA) on Tuesday reported second-­quarter profit of $79.5 million. Read More

Bank of Hawaii reports record high earnings

Bank of Hawaii Corp.’s second-quarter net income totaled $54.7 million — $1.30 earnings per share, a record high for the state’s second-largest financial institution. Read More

Safeway to open store in Waikele Center

Safeway Inc. will open its first grocery store in Waipahu next year in the former Sports Authority space at Waikele Center. Read More

Shidler students in Vietnam graduate

Thirty-two students from University of Hawaii’s Shidler College of Business Master’s of Business Administration for Executives in Vietnam (VEMBA) received their diplomas at two commencement ceremonies near their respective campuses in Hanoi and Ho Chi Minh City. Read More

Shoreline Hotel Waikiki’s renovation aims to attract millennials

A picture is worth $4 million to Shoreline Hotel Waikiki, a boutique hotel that recently underwent a redesign to make itself more Instagram-worthy to attract millennials. Read More

Hawaii real estate sales

Derived from Hawaii Bureau of Conveyances Tax Data. Information deemed reliable but not guaranteed. Read More

Waipahu Towers residents celebrate renewal that preserves affordable rents

Waipahu Towers is celebrating a renewal that includes renovations and a commitment by its new owner to preserve affordable rents for 61 more years. Read More

International Market Place losing another restaurant

Two of eight signature restaurants at the International Market Place’s Grand Lanai will close within a couple months of each other. Read More

Past Oahu drive-ins rekindle memories of food and dating

Two months ago I wrote about Scotty’s Drive-In, which was on Keeaumoku Street from 1956 to 1974 and in Pearl City. Read More

Chamber of Commerce Hawaii is declared the best

Chamber of Commerce Hawaii has been named 2018’s state Chamber of Commerce of the Year by the Association of Chamber of Commerce Executives. Read More

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