Cyanotech names new CEO
Hawaii microalgae producer Cyanotech Corp. has its third CEO in three years. Read more
Briefs
Pearl Harbor-Hickam to hire 60 security guards
The Joint Base Pearl Harbor-Hickam Security Department is recruiting 60 entry-level security guards. It will meet with candidates from 10 a.m. to 3 p.m. Wednesday during the 2018 Workforce Career Fair at the Neal Blaisdell Exhibition Hall. Read more
Mortgage rates up for third straight week
U.S. mortgage rates rose this week for a third week in a row, lifted by investors’ expectations for faster economic growth, which has pushed up borrowing costs. Read more
Apple users to get control over iPhone slowdown
Apple’s next major update of its mobile software will include an option that will enable owners of older iPhones to turn off a feature that slows the device to prevent aging batteries from shutting down. Read more
Central Pacific adds Lutes to expanded board
Central Pacific Financial Corp. has increased the size of its board of directors, effective March 1, to 12 from 11 by appointing Christopher Lutes. Read more
Hawaii State FCU loans jump, but net sinks
Hawaii State Federal Credit Union posted its 17th straight quarter of loan growth at the end of 2017 as membership in the 81-year-old financial institution topped 100,000. Read more
Delta wants animals’ info if flying in cabin
Delta Air Lines soon will require owners of service and support animals to provide more information before their animal can fly in the passenger cabin, including an assurance that it’s trained to behave itself. Read more
30-year mortgage rate reaches 4.04%
Interest rates on long-term home loans rose this week to the highest level in months. Read more
Hawaiian, Jetstar form partnership
Hawaiian Airlines and Jetstar Group launched a new interline partnership on Wednesday that offers travelers from c ities in New Zealand and Japan convenient flight connections to Hawaii and the mainland. Read more
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Servco’s car share service progresses
Servco Pacific Inc. has completed an employee-only pilot test for its smartphone-controlled car rental service in Honolulu. Read more
Disney CEO’s pay package falls to $36.3M
Robert Iger, the CEO of Walt Disney Co., saw his total compensation decline 17 percent in the recently concluded fiscal year to $36.3 million, according to the company’s proxy statement filed Friday with the Securities and Exchange Commission. Read more
Realty firm Hawaii Life buys Maui company
Local real estate brokerage and management firm Hawaii Life has acquired Maui property management company Island Oasis Realty. Read more
Island Air records subpoenaed
The trustee overseeing the Island Air bankruptcy liquidation has subpoenaed all the records of the former owners of the now-defunct carrier beginning with the year prior to the change of ownership. Read more
Bank of Hawaii opens new Pearlridge branch
Bank of Hawaii, which opened its new Pearlridge branch on Monday, will hold a grand opening Saturday with live entertainment, food and giveaways to customers. Read more
First Hawaiian CFO leaving company
First Hawaiian Bank Chief Financial Officer Michael Ching is stepping down from his position effective Jan. 31 but will continue to assist the company on a consulting basis during the transition. Read more
Ex-Uber CEO selling part of stake
Uber co-founder and former CEO Travis Kalanick will sell 29 percent of his stake in the ride-hailing service, a person briefed on the deal says. Read more
30-year mortgage rates slip to 3.95 percent
Sears Holdings Corp. will be closing over 100 more stores as the struggling department store chain tries to turn around its business. Read more
Hawaiian offers change fee waiver for Northeast
Passengers holding tickets for travel on Hawaiian Airlines or its codeshare flights to/from/via John F. Kennedy International Airport in New York today and Friday will be permitted a one-time reservation change with waiver of change fee due to the Northeast winter storm. Read more
Most First Insurance workers to get $1K bonuses
First Insurance Co. of Hawaii said Tuesday it is rewarding all employees below the assistant vice president level with cash bonuses of $1,000, payable Jan. 12. Read more
Servco warns of vehicle warranty phone scam
Servco Auto is warning its customers about an extended vehicle warranty phone scam that is targeting its customers. Read more
Former DOE chief, state legislator join HMSA
Hawaii Medical Service Association has hired two high-profile former state employees. Read more
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