30-year mortgage rate falls to 4.56%
Long-term U.S. mortgage rates fell this week, breaking a steady climb that pushed them to their highest levels in seven years. Read more
Briefs
AirAsia X expanding to daily Honolulu service
Malaysian carrier AirAsia X, which began service to Hawaii in June, is increasing flights between Honolulu and Kuala Lumpur — with a layover in Osaka, Japan — in response to overwhelming demand. Read more
Hawaiian Airlines starting Long Beach service
Hawaiian Airlines is debuting nonstop daily service starting Thursday between Daniel K. Inouye International Airport and Long Beach Airport. The new service will represent Hawaiian’s 12th U.S. gateway city. Read more
Philippine air carriers poised to raise fares
Airlines in the Philippines are under pressure to raise ticket prices to offset rising fuel costs and the peso’s plunge to an almost 12-year low, risking lower demand from travelers also hurt by the currency’s decline. Read more
Discharged vets have hard time getting jobs
Military veterans who were discharged for relatively minor offenses say they often can’t get jobs, and they hope a recent warning to employers by the state of Connecticut will change that. Read more
Airport parking to be tight during holiday
Parking is expected to be tight at Daniel K. Inouye International Airport over the Memorial Day weekend due to ongoing construction and increased holiday traffic. Read more
Record number of summer fliers expected
If you plan to fly on vacation this summer, prepare for unprecedented crowds at the airport. Read more
Low jobless rate masks financial struggles
Despite an ultralow 3.9 percent unemployment rate, about one-third of U.S. adults faced financial insecurity last year and often struggled to pay unexpected expenses, a Federal Reserve survey found. Read more
Group ends bid for Toys R Us stores
California toy mogul Isaac Larian said Monday he has given up his effort to buy several hundred Toys R Us stores from the bankrupt retailer after he and the company’s debt holders were unable to reach an agreement. Read more
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American Savings opens flagship branch
American Savings Bank on Friday opened a new flagship branch on Maui at the Maui Business Park, 150 Hookele St. Read more
Hawaiian Electric Cos. warn of scam calls
Hawaiian Electric Cos. has received nearly 20 reports from customers since Monday who said they received a fraudulent automated call that displayed the utility’s caller ID. Read more
Hawaiian begins Maui-San Diego service
Hawaiian Airlines started new daily nonstop flights Wednesday between Maui’s Kahului Airport and San Diego International Airport. Read more
Hawaiian Telcom offers free calls to East Hawaii
Hawaiian Telcom is offering free local and long-distance calling at the Pahoa Regional Community Center and Keeau Community Center to support East Hawaii residents who evacuated their homes due to the recent volcanic eruptions. Read more
ERS commits to socially responsible investing
The state Employees’ Retirement System has signed an agreement with the United Nations-supported Principles for Responsible Investment to affirm its commitment to socially responsible investing. Read more
Hawaii County solar permits increased 21 percent in April
The number of photovoltaic permits issued in Hawaii County rose 21 percent in April before Kilauea Volcano erupted earlier this month and flowing lava sent thousands of people fleeing from their homes. Read more
American Savings to open Maui campus
American Savings Bank will celebrate the opening of its Maui flagship campus May 18 at 150 Hookele St. in the Maui Business Park in Kahului. Read more
Walmart makes $16B bet on India’s economy
Walmart will soon reach shoppers in India’s massive consumer market directly, as it takes control of the online retailer Flipkart that’s known for its ubiquitous delivery drivers on motorcycles with oversized backpacks. Read more
‘Black Panther’ boosts Walt Disney’s profits
Walt Disney Co.’s profit surged in its fiscal second quarter, partly driven by the success of the Marvel Studios hit film “Black Panther.” Read more
Hawaiian passenger traffic up 6.3% in April
Hawaiian Airlines’ passenger traffic rose 6.3 percent in April as the carrier added more flights. Read more
Hawaiian Telcom boosting upload speeds
One of Hawaii’s major internet service providers, Hawaiian Telcom, plans to offer higher upload speeds starting Monday. Read more
Tesla CEO predicts profit despite big loss
Tesla’s record net loss in the first quarter and fast-burn through millions of dollars is raising questions about the company’s ability to pay all its bills. Read more
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