Hawaii, national and international business and economic news.
U.S. District Judge John Chun in Seattle unsealed his ruling from Sept. 30, which dismissed some of the claims brought by attorneys general in New Jersey, Pennsylvania, Maryland and Oklahoma. Read more
Donato’s order said that for three years Google cannot prohibit the use of in-app payment methods and must allow users to download competing third-party Android app platforms or stores. Read more
The change in rate-cut expectations caused U.S. Treasury yields to rally, with the yield on benchmark 10-year notes exceeding 4% for the first time in two months. Read more
Japan’s Nikkei led regional equity gains with a 2.28% rally as of 0515 GMT, given additional momentum by the softer yen. Read more
Hawaii Nurses’ Association President Rosalee Agas-Yuu gave a motivational talk and then led a long procession of nurses Sunday morning as they returned to work at Kapi‘olani Medical Center for Women & Children. Read more
Oahu’s housing market softened in September even as declining mortgage rates made buying homes more attractive. Read more
The contract for about 1,000 registered nurses, pharmacists, imaging techs and others represented by United Nurses and Health Care Employees of Hawaii, or UNHCEH, expired Monday. Read more
Changing modes of travel and shifting tastes are changing the way Japanese tourists experience Hawaii. And it’s changing how they perceive island culture — both while visiting Hawaii and back home in Japan. Read more
HTA emerged from last year’s legislative session with a recurring lump-sum budget of $63 million — no small feat for an agency that between 2018 and 2023 endured cutbacks, organizational changes, the threat of defunding and possible repeal. Read more
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Younger Japanese travelers are often looking for something very different from what their parents seek when they travel. Read more
The pushback was announced by Territorial amid efforts by an investment advisory firm to convince Territorial shareholders to reject the Hope purchase in favor of a competing bid from unnamed investors led by former Bank of Hawaii CEO Allan Landon. Read more
The data “basically tells us economic activity in the fourth quarter is likely to remain at a solid pace,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Read more
Google already uses automated systems to identify pages with “scammy” or fraudulent content and prevent them from showing up in the search results. Read more
The closely watched employment report also showed the economy added 72,000 more jobs in July and August than previously estimated. Read more
Times are tough. The Hawai‘i Tourism Authority board on Thursday approved a goal for Hawai‘i Tourism USA, the global marketing team responsible for driving travel demand to Hawaii from its core U.S. market, to grow visitor spending by just 1.4%. Read more
The University of Hawaii Foundation raised $115.2 million in fiscal year 2024, exceeding its $100 million annual goal by 15%, marking the fourth consecutive year of surpassing the $100 million milestone. Read more
As part of the agreement, the Mary, Star of the Sea Parish church and school on the same property will maintain access to underground parking stalls, a soccer field and existing easements. Read more
The Honolulu Authority for Rapid Transportation is seeking a $1 billion appropriation from state funds for the city’s rail project. Read more
Over the summer, the Aala Respite facility was set up as part of a joint effort between the city and state to provide shelter and medical care for vulnerable, medically fragile people who’ve experienced long-term homelessness on Oahu. Read more
AHL has promoted Kevin Raley to associate from project architect and Jing Zheng to associate from senior designer. Read more
Spirit Airlines is in talks with bondholders over the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways, the Wall Street Journal reported today, sending its shares down 30% in extended trading. Read more
