Report: Hawaiian Electric considers sale of American Savings Bank
Hawaiian Electric Industries Inc. official said it does not comment on “rumors or speculation.” Read more
Business
Hawaii, national and international business and economic news.
1 in 5 milk samples nationwide shows traces of bird flu
Regulators said there is no evidence that this milk poses a danger to consumers or that live virus is present in milk on store shelves. Read more
Media industry grapples with internal critics
Journalism history has many examples of meaningful internal protests. Read more
HART receives $125M in federal funding
The Honolulu Authority for Rapid Transportation on Thursday announced $125 million in long-awaited federal funding to aid in the ongoing construction of the nearly $10 billion Skyline project. Read more
On the Move: Kukui Children’s Foundation
Kukui Children’s Foundation has elected the following new members to its board of directors. Read more
FTC sends $5.6M in refunds to Ring customers in privacy settlement
Ring was also charged with failing to implement key security protections, which enabled hackers to take control of customers’ accounts, cameras and videos. Read more
Average long-term mortgage rate climbs for 4th straight week
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. Read more
FCC reinstates net neutrality rules
Net neutrality is the principle that providers of internet service should treat all traffic equally. Read more
Fatal Seattle crash: Tesla driver admits Autopilot use
The driver of a 2022 Tesla Model S told a Washington State Patrol trooper that he was using Autopilot and looked at his cellphone while the Tesla was moving. Read more
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U.S. growth slowed sharply last quarter to 1.6%
A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point. Read more
Repairs on 2 Oahu bridges begin next week
Repairs on two Oahu bridges will begin Monday, the City and County of Honolulu announced this week. Read more
State unemployment rate steady at 3.1% in March
Hawaii’s seasonally adjusted unemployment rate held steady at 3.1% in March to match the previous month, according to recent data from the state Department of Business, Economic Development and Tourism. Read more
On the Move: Gary Spencer and Erika Kauffman
Highgate, a real estate and hospitality management company, has announced two appointments to its Hawaii leadership team. Read more
Dairy cattle must be tested for bird flu before transporting
“The risk to humans remains low,” said Dawn O’Connell of the federal Administration for Strategic Preparedness and Response. Read more
How changes to noncompete agreements, overtime could affect you
The new rules don’t take effect immediately. And they won’t benefit everyone. Read more
Airlines mandated to give automatic cash refunds
Under current regulations, airlines decide how long a delay must last before triggering refunds. Read more
Ancestry digitizes names of WWII Japanese American detainees
The website is collaborating with the Irei Project, which has been working to memorialize more than 125,000 detainees. Read more
Boeing loses $355 million in latest quarter
CEO David Calhoun said the company is in “a tough moment,” and its focus is on fixing its manufacturing issues, not the financial results. Read more
Kristi Yamaguchi ‘tickled pink’ to inspire Barbie doll
Yamaguchi became the first Asian American to win an individual figure skating gold medal at the 1992 Winter Olympics. Read more
Hawaiian boosts revenue but loses $137.6M in first quarter
Hawaiian Holdings Inc., the parent company of Hawaiian Airlines, improved revenue and continued investments during the first quarter, but deepened losses as it grappled with rising operating costs and other headwinds while pursuing a merger with Alaska Airlines. Read more
Tech View: Easing limits on beekeepers will help build food security
Beekeeping in Hawaii dates to 1857, when the first hives were introduced from California. In 2024, honeybees and their keepers face tremendous pressures. Read more
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