Business Archives
  • Thursday, November 22, 2018
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State economic growth downgraded

Hawaii’s extraordinary run of economic expansion, now in its ninth year, paused briefly earlier this year, according to a new federal estimate that has led state officials to downgrade their annual growth forecast for the local economy. Read More

Ikea plans to cut 7,500 jobs worldwide

Furniture giant Ikea plans to cut 7,500 jobs worldwide — approximately 75 of which are in the United States — as part of a plan to cater more to online customers, the company said Wednesday. Read More

Isle B&Bs, vacation rentals see double-digit growth

Hawaii’s bed-and-breakfast accommodations and vacation rental homes saw double-digit growth in 2017. Read More

Regulations make marijuana banking more costly, banker says

Regulations and paperwork are driving up costs for financial institutions serving marijuana companies doing business in states with legal pot sales, a cannabis banker told a conference in Las Vegas. Read More

Esports integrity chief concerned about Fortnite gambling

The commissioner of the Esports Integrity Coalition says skill-based betting on battle royale games like Fortnite and PlayerUnknown’s Battleground could be vulnerable to cheating. Read More

GE could be a $41 billion problem for big banks

When it comes to U.S. banks’ lending risk, it doesn’t get much bigger than General Electric Co. The five biggest Wall Street firms have committed to lending at least $3.5 billion each to the industrial giant facing concerns about the sustainability of its debt. Read More

Why Amazon wants to buy 22 regional sports networks

Amazon is reportedly interested in buying nearly two dozen regional sports networks. That would be a bold gamble on the future of how viewers consume sports content. Read More

Monsanto appeals $78M verdict in California weed killer suit

Agribusiness giant Monsanto on Tuesday appealed a $78 million verdict in favor of a dying California man who said the company’s widely used Roundup weed killer was a major factor in his cancer. Read More

Hotel occupancy down for fifth month in a row

The Hawaii Tourism Authority said Tuesday that hotels statewide had a drop in occupancy last month, the fifth month in a row of declines. Read More

Newspaper-themed pizza chain to open

Another fast-casual restaurant chain where customers design their own pizzas is coming to Hawaii. Read More

Megyn Kelly close to receiving full $69M payout from NBC

Megyn Kelly is close to an agreement with Comcast Corp.’s NBC News that will pay her the full value remaining on her $69 million, three-year deal with the network, according to a person with knowledge of the matter. Read More

Former Toys R Us workers to get $20M in hardship fund

Two private equity owners of the iconic Toys R Us toy chain have set up a $20 million hardship fund for the thousands of former workers left jobless and without severance after the chain was liquidated in June. Read More

Nissan chairman, senior executive arrested

Nissan Chairman Carlos Ghosn, who became one of the auto industry’s most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said. Read More

Stocks take sharp losses as tech, internet companies drop

Big technology and internet companies came under heavy selling pressure again today, leading to broad losses across the stock market. The Dow Jones Industrial Average briefly fell 500 points. Read More

Dockless bikeshare Sharee rolls into Honolulu; smooth ride not guaranteed

A new, dockless bikeshare has rolled into Honolulu to provide some competition for Biki, but in a slow and cautious way — and with considerable hurdles ahead. Read More

Bargaining break extends hotel strike

The Hawaii hotel workers strike, now at day 42, is likely to continue for at least another eight days. Read More


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