Chinese-Americans targeted in phone scam
The state Office of Consumer Protection issued a warning Tuesday of a new telephone scam in which consumers receive calls from potential scammers impersonating the Chinese Consulate. Read more
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
Sprint, T-Mobile appear close to a merger
Sprint and T-Mobile are nearing a deal to merge, according to two people briefed on the matter. Read more
Ohana Pacific declares dividend as net soars
Ohana Pacific Bank increased its earnings 30.7 percent in the first quarter and announced it was declaring a special cash dividend of 12 cents a share. Read more
‘Ekahi Health begins new diabetes program
‘Ekahi Health System is starting a new diabetes program this month to help a growing number of patients manage the chronic disease. Read more
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
Strong ad sales lift Google parent’s earnings
Google parent Alphabet on Monday reported a jump in first-quarter net income on the back of strong digital ad sales and an accounting adjustment. Read more
Walmart tests new employee dress code
Retail giant Walmart is testing a new dress code that gives employees more freedom. 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
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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
United’s pricing power up despite seat growth
United Continental Holdings Inc. is pushing ahead with its aggressive growth plan as robust demand enables the airline to boost fares even as it expands the seat supply. 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
30-year mortgage rates edge up to 4.42%
Long-term U.S. mortgage rates were flat to slightly higher this week with the spring home buying season well underway. Read more
Officer sues United, Chicago in passenger-dragging case
An aviation security officer who was fired after dragging a passenger from a plane last year is suing United Airlines and the city of Chicago, claiming he wasn’t properly trained to deal with such a situation and was defamed in the aftermath. 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
Hawaiian Airlines’ passenger traffic up 8%
Hawaiian Airlines’ passenger traffic rose 8 percent in March as the state’s largest carrier filled up more of its seats and offered more flights than a year ago. 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
30-year mortgage rate falls to 4.40 percent
Long-term U.S. mortgage rates fell this week, benefiting potential homebuyers with the spring buying season underway. Read more
Solar permits up on Big Isle, down in Maui County
The number of solar permits issued in Hawaii and Maui counties moved in opposite directions during the first quarter. 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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