Hawaii, national and international business and economic news.
Apple is expected to unveil its biggest and most expensive iPhone on Wednesday as part of a lineup of three new models aimed at widening the product’s appeal amid slowing sales growth. Read more
Hurricane Olivia weakened to a tropical storm Monday as it advanced toward the Hawaiian islands but that didn’t stop the state’s visitor industry from unleashing a whirlwind of safety preparations. Read more
A company that set out 11 years ago to test whether it could make fuel oil from algae in Hawaii announced Friday that it is ceasing research work after succeeding, and will try to build a commercial production plant in the islands. Read more
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The resignation of longtime CBS chief Les Moonves won’t likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon. Read more
Native American tribes in Montana and South Dakota sued the Trump administration, claiming it approved an oil pipeline from Canada without considering potential damage to cultural sites from spills and construction. Read more
Americans increased their borrowing in July at nearly double the pace of the previous month, evidence that confident consumers are willing to take on more debt to support their spending. Read more
CBS will pay ousted chief Les Moonves $120 million if its ongoing investigation fails to find any evidence of sexual misconduct. Read more
Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Read more
Another executive departure, another controversy over the CEO’s behavior, another stock drop. Another typical day at Tesla. Read more
Maui officials have begun implementing a 10-year tourism strategic plan that includes efforts to discourage visitors from staying in illegal vacation rentals. Read more
The state Department of Taxation wants to subpoena Airbnb Inc. records for the past 10 years to determine whether transient vacation rental operators in Hawaii have been paying their state taxes. Read more
As the NFL season kicks off this weekend, the Philadelphia Eagles begin a quest to become the first back-to-back Super Bowl champions in more than a decade, a storyline with less interest outside of the City of Brotherly Love. Read more
Apple Inc. said tariffs on $200 billion worth of products imported from China will affect popular products like the Apple Watch and AirPod headphones. Read more
Under pressure from U.S. safety regulators, Ford is recalling about 2 million F-150 pickup trucks in North America because the seat belts can spark and cause fires. Read more
Shares of electric car maker Tesla Inc. fell more than 6 percent early today after the CEO appeared to smoke marijuana during an interview and the company’s accounting chief left after a month on the job. Read more
Oahu’s housing market took just a small step in August but crossed a big threshold to top the $800,000 price mark for the first time. Read more
Health officials are trying to find passengers from four Southwest Airlines flights last month who might have been exposed to measles. Read more
Thousands of Walt Disney World workers today overwhelmingly approved a new contract that increases the starting minimum wage to $15 an hour over the next three years. Read more
British luxury fashion brand Burberry said today it will stop using real fur in its products and also stop destroying products that it cannot sell. Read more
Tens of thousands of employees at more than 18,000 U.S. hotels will soon carry panic buttons to help protect them from harassment and assault in an era of heightened awareness around the #MeToo movement. Read more
French banking giant BNP Paribas, which at one time owned all of First Hawaiian Bank, plans to reduce its stake in the state’s largest financial institution to under 20 percent. Read more
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