Hawaiian Airlines stock soars 13.7 percent

Hawaiian Airlines’ parent company, which reported second-quarter earnings Tuesday that more than doubled from a year ago, saw its stock jump $1.78, or 13.7 percent, to $14.75 Wednesday on the Nasdaq Stock Market.

Shares of Hawaiian Holdings Inc. are now up 53.2 percent this year and are the best performing local stock on any of the major indexes.

Hawaiian’s earnings rose to $27.3 million from $11.3 million in the year-earlier quarter.

The company’s stock hit a 52-week closing high of $16.25 on June 6.

Ex-chief justice retains post on bank board

Former Hawaii Chief Justice Ronald Moon, the first Korean-American to head a state supreme court in the United States and the longest-serving chief justice in Hawaii history, has been nominated by shareholders to the board of directors at Ohana Pacific Bank. He was initially appointed in November.

Moon, Chairman Donald Kim, Vice Chairman Wayne Miyao and Prudential Locations partner Nicole Choi all received more than 95 percent of the votes cast at the annual shareholders meeting Tuesday and were elected to serve for a three-year term ending in 2017.

Shareholders also ratified the appointment of Moss Adams LLP as independent auditor for the bank for 2014.

$1 share price for money funds set to end

WASHINGTON » Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.

The idea is to minimize the risk of a mass withdrawal from the funds during a financial panic.

The Securities and Exchange Commission also is letting all money funds block withdrawals when their assets fall below certain levels, or impose fees for withdrawals.

The new rules were adopted Wednesday on a 3-2 vote, culminating several years of regulatory haggling and false starts.

They were opposed by one Democratic and one Republican commissioner.

ON THE MOVE

Coldwell Banker Pacific Properties has announced these employees have joined its Leeward office:

» Stephen Florino previously worked for Keller Williams and served as a communications coordinator for Maryknoll School and as a news and sports reporter with KHNL/KFVE.

» Lissa Goya works for Coldwell Banker as well as serves as a resource teacher for children with autism at the state Department of Education.

Hawaii Community Federal Credit Union has announced the appointment of four members to the board of directors: Dwight Manago, president and manager of the Manago Hotel; Daryl Kurozawa, associate medical director for Hawaii Permanente Medical Group; Marilyn Koschella, former board chair with the Greater Nevada Credit Union; and Thomas Griffiths, who was appointed to fill the remaining term due to the departure of Thomas Whittemore; and Ross Oue as treasurer.

SHIFTING GEARS

Auto gathering is Sunday in Kakaako

Cars and Coffee will be staged Sunday by the Super Car Club at Kakaako Waterfront Park.

Publicity materials for the event invite supercar owners to "Show what you got, Euro or not," from 9 to 11 a.m. at the so-called Piano lot at 160 Ahui St. in Kakaako.

Jeep SUVs recalled over ignition issues

DETROIT » The ignition switch defects that engulfed General Motors are now a rapidly growing problem at Chrysler.

Chrysler said Tuesday it is recalling up to 792,300 older Jeep SUVs worldwide because the ignition switches could fall out of the "run" position, shutting off the engine and disabling air bags as well as power-assisted steering and braking.

Chrysler’s recall covers 2005-2007 Grand Cherokees and 2006-2007 Commanders.