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  • Friday, January 18, 2019
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Travel industry fears damage from a long government shutdown

The scene at most of the nation’s airports has so far been marked more by concerned passengers showing up early than by missed flights. Longer lines are evident at some airports. But delays resulting from a rise in federal security screeners calling in sick have been slight. Read More
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On the road to make an affordable car, Tesla cuts jobs

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Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Read More

State jobless rate hits 21-month high

Hawaii’s unemployment rate rose in December for the fourth straight month as evidence mounted that economic growth in the state is slowing. Read More

Star-Advertiser forms exposition, trade fair division

The Honolulu Star-Advertiser is expanding its line of expositions and trade fairs through a new events division, Star Events. Read More

Ex-CBS CEO Les Moonves to challenge severance denial

Former CBS CEO Les Moonves is fighting the company’s decision to deny his $120 million severance package following his firing over sexual misconduct allegations. Read More
 

Sears tentatively approves Lampert’s $5.2B plan, saving 45K jobs

Sears has confirmed that chairman and largest shareholder Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets. The move is subject to court approval on Feb. 1. Read More

Trump weighs dramatic tightening of U.S. embargo on Cuba

The Trump administration is weighing what could become the most serious tightening of the U.S. trade embargo on Cuba in more than two decades. Read More

Supreme Court justices express skepticism of Tennessee liquor law

One hundred years to the day after the ratification of the 18th Amendment, leading to the nation’s 14-year experiment with Prohibition, the Supreme Court considered whether Tennessee may impose significant restriction on liquor sales. Read More
 
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Sears staves off liquidation, stores to remain open

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The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. Read More

Hawaii real estate investment firm banks on warehouses after farmland sale

Hawaii real estate investment firm Alexander & Baldwin Inc. has used some of the proceeds from selling its former Maui sugar plantation lands to buy two warehouse buildings in Kapolei. Read More
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Children’s clothing retailer Gymboree to close all its stores, reports say

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Children’s clothing retailer Gymboree Group Inc. is expected to file for Chapter 7 liquidation bankruptcy this week and close all 900 of it stores, according to several news reports. Read More

Honolulu’s inflation rate rose 1.9% in 2018

Honolulu inflation rose just 1.9 percent last year, its slowest pace since 2015, as a sharp gain in energy prices was largely offset by decreases in the cost of apparel, education and communication, and small increases in food and beverages as well as shelter. Read More
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Razor burn: Gillette ad stirs online uproar

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The uproar comes as Gillette battles upstarts like Harry’s, Dollar Shave Club and others for millennial dollars. Read More

Federal workers take odd jobs to make ends meet

When one federal worker’s paychecks dried up because of the partial government shutdown, she rented out a room in her home on Airbnb. Other government workers are driving for Uber, relying on word-of-mouth and social networks to find handyman work and looking for traditional temp gigs to help pay the bills during the longest shutdown in U.S. history. Read More

In a month, you’ll wish the shutdown were only as bad as today

Officials from Washington to Wall Street are pondering nightmare scenarios if the partial U.S. government shutdown that is already the longest on record extends into spring — or beyond. Read More
 

VW, Ford team up on pickups, explore deal on electrics

Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said today that the first jointly developed vehicles could hit the market as early as 2022 and that the linkup would offer efficiencies that would mean stronger profits starting 2023. Read More

Pearlridge Center owner weighing options if Sears pulls out

The owner of Pearlridge Center in Aiea is mulling options to replace the aging Sears store with additional dining and entertainment tenants as the venerable retailer struggles to stay afloat. Read More

Shutdown stalls Southwest’s Hawaii plan

Efforts by Southwest Airlines Co. to begin flights to Hawaii have fallen victim to the government shutdown. Read More

First Hawaiian move to aid earnings

First Hawaiian Bank said Monday it has restructured its balance sheet related to its investment securities portfolio and expects the move to improve its overall financial position. Read More

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