Hawaii Career Expo at Blaisdell on Tuesday

More than 100 employers will be on hand to answer questions and network with job seekers Tuesday at the Hawaii Career Expo at the Blaisdell Exhibition Hall.

The event, which will be held from 9 a.m. to 3 p.m., is free to the first 1,500 who preregister online at HawaiiCareerExpo.com and who are dressed in business attire. The event is hosted by the Hono­lulu Star-Advertiser and Altres Staffing.

The Star-Advertiser booth will offer visitors the chance to win prizes throughout the day.

Among those exhibitors at the event are those in the fields of travel and tourism, banking, retail, human resources, insurance, business, food service and much more.

The expo also will feature career and personal development workshops to help job seekers with resume writing, interviewing and other employment tips from experts.

Attendees who upload their resume at HawaiiCareerExpo.com prior to the event have a chance to interview with companies on the spot at the "You’re Hired" Interview Event.

Isles rank fourth highest in closing costs

Hawaii has the fourth-highest mortgage closing costs in the nation at $2,808 on a $200,000 loan.

The state’s closing costs are 10.6 percent higher than the national average of $2,539, according to Bankrate.com. The U.S. average rose 6 percent over the past year while origination fees nationwide increased 9 percent to $1,877 and third-party fees went up 1 percent to $662.

In Hawaii, origination fees averaged $2,009 and third-party fees $799 to make up the $2,808 in mortgage costs in 2014.

"New mortgage regulations are the biggest reasons why closing costs went up over the past year," said Holden Lewis, senior mortgage analyst for Bankrate.com.

"The good news is that some lenders have not increased fees. To get the best deal, consumers should compare good-faith estimates from at least three different lenders."

Texas’ average closing costs of $3,046 are the highest in the nation, followed by Alaska ($2,897), New York ($2,892), Hawaii and Wisconsin ($2,706) in the top five.

The cheapest closing costs are in Nevada ($2,265), followed by Tennessee ($2,366), Missouri ($2,387), Ohio ($2,392) and Washington, D.C. ($2,402).

Bankrate surveyed up to 10 lenders in all 50 states and the District of Columbia in June.

Researchers obtained online good-faith estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment. Costs include fees charged by lenders as well as third-party fees for services such as appraisals. The survey excludes taxes, title fees, property insurance, association fees, interest and other prepaid items.

Meat scandal hurting McDonald’s sales

NEW YORK » McDonald’s said Monday a scandal over a meat supplier in China is hurting sales in the region and that its global sales forecast for 2014 is "at risk."

The world’s biggest hamburger chain said in a regulatory filing that there’s been "significant negative impact" in China, Japan and other affected markets.

These regions make up about 10 percent of McDonald’s Corp.’s revenue.

The updated guidance comes after a Chinese TV report last month showed workers at one of McDonald’s meat suppliers in Shanghai using expired meat.

The Oak Brook, Ill.-based company had previously said it expected the worldwide sales measure to be "relatively flat" for the year.

GM subpoenaed over subprime auto loans

NEW YORK » GM Finance says it has received a subpoena from the U.S. Department of Justice for documents related to subprime auto loans.

The affiliate of General Motors Co. said in a filing Monday with the government that the Justice Department requested documents related to the origination and securitization of subprime auto loan contracts since 2007.

GM Finance said the Justice Department is considering a civil lawsuit for potential violations of the Financial Institutions Reform, Recovery and Enforcement Act, a federal law that was passed following the savings and loan crisis in the 1980s.

ON THE MOVE

Central Pacific Bank has appointed Michael Smith to vice president and information security manager. He has 18 years of experience in implementing and overseeing technology programs and providing innovative IT security solutions for telecom providers and community banks. Prior to CPB, he served as a network security engineering consultant for Wind­stream Communications, a Fortune 500 network communications provider, as well as an IT and security manager for Celerit, which is a community banking services provider.

Bank of Hawaii has announced the following appointments and promotions:

» Derek Norris to manager and vice chairman of the Residential and Consumer Lending Group. He joined the bank in 1999 and became general auditor in 2000.

» Dean Shigemura as controller and principal accounting officer. He joined the bank in 1999 as vice president and investments officer.

» Jim Polk, senior executive vice president, has been appointed mortgage banking division manager. He joined the bank in 1999.

» Jennifer Lam to executive vice president and treasurer. She joined the bank in 2005 as a product manager in the Investment Products Department.

SHIP AHOY!

Today’s ship arrivals and departures:

HONOLULU HARBOR