comscore Economy grew at 3.4% rate during third quarter | Honolulu Star-Advertiser
Hawaii News

Economy grew at 3.4% rate during third quarter

WASHINGTON >> The U.S. economy expanded at a solid 3.4 percent annual rate in the third quarter, slightly slower than previously estimated, as consumer spending and exports were revised lower. The expectation is that the economy will slow further in the current quarter.

Report says 16.7M faulty Takata air bags still on roads

DETROIT >> More than three years after the government took over management of recalls involving dangerous Takata air bag inflaters, one-third of the inflaters still have not been replaced. That’s according to an annual report on the recalls released late Friday. The report touts progress made this year by automakers. The government says average recall repair rates by manufacturers increased 30 percent during the year. But 16.7 million faulty inflaters have yet to be replaced.

ON THE MOVE

>> Boys & Girls Club of Hawaii has named Paddy Kauhane acting chief executive officer. She served as executive vice president, chief financial officer and operating officer for two years. Kauhane replaces Tim Motts, who will be relocating to Seattle.

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