First Hawaiian donates closed Lanai branch building to Maui County
Maui County said it plans to work with Lanai residents to determine the best use of the prime location. Read more
Business
The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
United Airlines flight loses wheel on takeoff, lands safely
The wheel from United Flight 1001, a Boeing 757-200, was recovered in Los Angeles. “We are investigating what caused this event,” United said. Read more
Paramount, Skydance merger deal ends Redstone era
The companies agreed to a two-step process in which Skydance and its deal partners will acquire National Amusements, which holds the Redstone family’s controlling stake in Paramount, for $2.4 billion in cash. Read more
Samsung Electronics workers strike as union voice grows
Low participation and automated production means the strike is unlikely to have a significant impact on output at the world’s biggest memory chipmaker, analysts said. Read more
Boeing to plead guilty to fraud in probe of fatal 737 MAX crashes
The plea deal, which requires a judge’s approval, would brand the planemaker a convicted felon in connection with crashes in Indonesia and Ethiopia over a five-month period in 2018 and 2019 that killed 346 people. Read more
City’s WorkHawaii to host free job fair, workshops
The Honolulu Department of Community Services’ WorkHawaii Division will host a free hiring event on Saturday. Read more
Study recommends replacing Hawaii Tourism Authority with new governance model
The recommendation is for HTA to restructure into a Destination Stewardship Organization with a new name. Read more
Kamehameha Schools moves ahead with Keauhou Bay development plan
A draft environmental assessment for Kamehameha Schools’ Keauhou Bay Management Plan was published June 23 and describes plans for new development at the bay. Read more
U.S. labor market losing steam as jobless rate climbs to 4.1%
Annual wages increased at the slowest pace in three years amid an expanding labor pool, adding to the flashing warning signals in the jobs market. Read more
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Hawaii receives another $6.6M for more housing
Gov. Josh Green, along with U.S. Sen. Brian Schatz and U.S. Department of Housing and Urban Development Regional Administrator Jason Pu, announced Wednesday that Hawaii has received over $6.6 million in new federal grant funding to support housing development. Read more
Rearview Mirror: Tasty stories of kimchi in Hawaii
In June, Jeanie Stowe sent me a question about Hal “Aku” Lewis’ morning radio show. “Back in the mid-1950s, Aku played a song called ‘The Thing,’ sung by Phil Harris. The first verse was: Read more
Hawaii urged to prepare for wildfire power shutoffs
This week marks the start of Hawaiian Electric’s program of proactively shutting off power in specified areas to protect the public if and when there is a high risk of wildfires on all the islands it serves. Read more
EPA fines 2 Oahu nurseries for worker protection standard violations
The U.S. Environmental Protection Agency has fined two Oahu nurseries for violations of agricultural worker protection rules. Read more
On the Move: The Office of Hawaiian Affairs
The Office of Hawaiian Affairs has announced two executives appointed to key leadership positions. Read more
Hacker stole OpenAI secrets, raising fears that China could, too
Chinese companies are building systems of their own that are nearly as powerful as the leading U.S. systems. Read more
Tow company remains silent on overcharges
City officials say Aiea-based All Island Wreckers Inc., also doing business as All Island Towing, committed “inappropriate charges” for towing services, following an audit of 782 invoices issued between January 2023 and June 2023. Read more
On the Move: Sootaga Tana
Hawai‘i Vacation Condos by Outrigger has named Sootaga “So’o” Tana general manager for the Regency on Beachwalk Waikiki by Outrigger, Waikiki Shore by Outrigger and AOAO of Regency on Beachwalk. Read more
Saks owner acquires Neiman Marcus, creating a luxury retail giant
The parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating a high-end department store behemoth. Read more
Southwest Airlines adopts ‘poison pill’ plan after pressure from investor Elliott
Dallas-based Southwest Airlines adopted a “poison pill” provision for shareholders to stop activist investor Elliott Investment Management from wresting more influence over the company and undermining management plans to guide the carrier through recent turmoil. Read more
Alaska Airlines flight attendants set for 32% raise in contract deal
Alaska Airlines’ flight attendants are set for an average pay increase of 32% as part of a new three-year tentative labor agreement with the airline, a union representing the employees said. Read more
Skydance Media close to sealing deal for control of Paramount
The century-old Paramount Pictures is known for films such as “Titanic,” “The Godfather” and the “Transformers” franchise. Read more
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