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Briefs

 

Rebate, loans boost credit union’s earnings

Hawaii State Federal Credit Union’s net income more than tripled in the first quarter as the company received a one-time benefit and achieved its 18th straight quarter of loan growth. Read more

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Retailers warned on e-cigarette sales to kids

Federal health officials Tuesday announced a nationwide crackdown on underage use of a popular e-cigarette brand following months of complaints from parents, politicians and school administrators. Read more

About 70% of adults now have bank account

Roughly 7 out of every 10 adults worldwide now have some form of bank account, the World Bank said Thursday, largely due to the proliferation of cellphone-based bank accounts and other simple bank account programs in places like India and Sub-Saharan Africa. Read more

Amazon reportedly tops 100M prime members

Amazon.com Inc. Chief Executive Officer Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” customer expectations. Read more

Korean Air suspends ‘nut rage’ sister

Korean Air Lines said Monday it has suspended one of its chairman’s daughters from her marketing work after she threw a tantrum at a business meeting, triggering public outrage and a police investigation. Read more

New VW CEO shifts focus from scandal to future tech

Volkswagen’s new CEO said Friday that the automaker must “significantly step up the pace” as it pushes into electric and self-driving vehicle technologies and shakes up its culture in the wake of a scandal over diesel emissions. Read more

Volkswagen reportedly set to oust CEO

Volkswagen is set to oust its chief executive, Matthias Mueller, as it grapples with a diesel emissions scandal that has cost it billions of dollars, led to the imprisonment of two executives and scarred the German carmaker’s reputation. Read more

Nine West files for bankruptcy

Nine West Holdings Inc. has filed for bankruptcy protection, the latest retailer to do so as it attempts to restructure its debt and refocus on its more successful products. Read more

Maui Tacos is expanding to mainland

Maui Tacos will open six new restaurants this year and 12 more in 2019, the company said Tuesday in announcing a major expansion that will take the chain to the mainland. Read more

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