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Business

Hawaii, national and international business and economic news.

Judge rejects request to restore Musk’s $56 billion Tesla pay

The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk’s future at the world’s most valuable carmaker. Read more

Cyber Monday deals heat up as U.S. retailers offer deep cuts

Retailers have been coaxing cautious U.S. shoppers on Cyber Monday — traditionally America’s biggest internet shopping day — with push notifications, emails and other ads touting heavily discounted cosmetics, electronics, toys, clothing and other products. Read more

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Volkswagen workers to go on warning strikes across Germany

The start of the strikes represents a further escalation of a dispute between Europe’s top carmaker and its workers over mass layoffs, pay cuts and possible plant closures — drastic measures the company says it cannot rule out in the face of Chinese competition and cooling consumer demand. Read more

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