Segal came to Honolulu in 1998 from Tokyo where he spent three years with Pacific Stars and Stripes, with his last position there as news editor. Prior to that he was business news editor of the Alameda Newspaper Group, whose flagship paper is the Oakland Tribune; and was assistant sports editor, assistant features editor and assistant business editor at The Sacramento Union. While in Sacramento, Segal wrote a twice-weekly TV/radio column and covered the Oakland A's and San Francisco Giants, including three World Series; as well as college football, college basketball and pro tennis.
Segal graduated from San Diego State University after receiving a Sigma Delta Chi journalism scholarship. He is an avid tennis player, swimmer and sports enthusiast. Segal is married with one daughter and one stepson.
Cyanotech Corp., a Kona-based producer of health dietary supplements from microalgae, posted a 37.7% drop in sales during its fiscal third quarter from the year-ago period, but its top executive said Thursday he was encouraged by improved results from the previous three months. Read more
Hawaii auto sales stalled in 2022 amid supply chain issues and vehicle production cutbacks and fell 12.6% to its third-worst level in 11 years. Read more
American Savings Bank achieved its strongest full-year loan growth in over a decade and recorded improved margins as it benefited from the rising interest rate environment. Read more
Honua Ola Bioenergy’s tireless effort to begin producing renewable energy for Hawaii island enters another chapter Tuesday when the Hawaii Supreme Court hears oral arguments on the company’s latest appeal to vacate a state Public Utilities Commission’s decision that denied the company’s power purchase agreement with a Hawaiian Electric subsidiary. Read more
First Hawaiian Inc., the holding company of the state’s largest bank, saw its shares soar 5.2% Friday after reporting greatly improved interest margins and strong loan growth. Read more
Territorial Bancorp Inc., which generates more than 97% of its real estate loans from one- to four-family residential properties, posted a 17.9% decline in fourth-quarter net income as loan repayments and sales exceeded new loan originations. Read more
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Hawaii bankruptcies ticked up in December but still finished 2022 at their lowest level in 17 years. Read more
Central Pacific Bank posted strong loan growth and improved margins in the fourth quarter and said it expects Hawaii to hold up better than the rest of the country as the Federal Reserve continues raising interest rates to fight inflation. Read more
Hawaii’s unemployment rate dipped 1 percentage point in December to 3.2%, its lowest level since before the pandemic, as the number of people in the state labor force decreased from the previous month. Read more
Bank of Hawaii Corp. generated strong double-digit loan growth in the fourth quarter but cautioned that it’s unlikely to continue that pace as consumers face continued headwinds due to the effect of higher interest rates. Read more
Barnwell Industries Inc. has reached an agreement with its two largest stockholders that will avert a proxy fight at its 2023 annual meeting of stockholders and allow for the appointment of two specified independent board directors. Read more
Bank of Hawaii Corp. generated strong double-digit loan growth in the fourth quarter but cautioned that it’s unlikely to continue that pace. Read more
Hawaiian Airlines’ pilots union has reached a tentative agreement with the company on a new four-year contract that includes substantial pay increases, including current industry- leading rates for the carrier’s new cargo operation. Read more
Weak shipping demand sank Matson Inc.’s earnings in the fourth quarter. Read more
Barnwell Industries Inc.’s strong oil and natural gas operations continue to fuel large revenue gains. Read more
Kauai Island Utility Cooperative has asked the state Public Utilities Commission for a 9.42% rate increase that would boost the monthly bill for the average residential customer using 500 kilowatt-hours a month by roughly $19. Read more
It was another turbulent quarter for financial markets, but the state’s largest public pension fund weathered the wild ride with minimal damage. Read more
Kristin Varela, who has spent nearly 15 years in the institutional investment industry, has been appointed the new chief investment officer of the Hawaii Employees’ Retirement System. Read more
The 315-room Queen Kapi‘olani Hotel in Waikiki has been acquired by Financial Products Group Co., a financial services group in Japan that is publicly traded on the Tokyo Stock Exchange. Read more
’Tis the season for gift giving, but with 10 days left until the traditional deadline, finding something unique and thoughtful can be a challenge. Read more
Despite a possible recession looming in 2023, state residents have been able to dodge filing for financial relief, with the 78 cases in November marking the 10th time this year there have been fewer than 100 filings in a month. Read more
