The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Japan’s Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, it said on Wednesday following a report that the 7-Eleven owner was considering a management buyout offer worth up to $58 billion. Read more
The three major indexes had rallied to record highs since the Nov. 5 U.S. election as investors bet on a boost to equities from President-elect Donald Trump’s proposed tax cuts and the prospect of easier regulatory policies. Read more
The attorneys generals of Maryland, New Jersey and New York are also suing to block the merger. Read more
Bitcoin dropped from a new all-time peak of $89,982 and was last down 0.66% to $87,449.00. Trump has vowed to make the U.S. “the crypto capital of the planet.” Read more
The firm did not release total sales revenue for the period but said 45 brands — including Apple, Haier, Midea and Xiaomi — each surpassed 1 billion yuan ($138.62 million) in gross merchandising value (GMV), a commonly used measurement for online sales. Read more
Kiana Beimes feels like she fulfilled her destiny when she was named general manager of the newly renovated Outrigger Waikiki Paradise Hotel, which pays homage to the legacy of the late Princess Ka‘iulani, the heiress to the throne of the kingdom of Hawaii. Read more
The company said it is evaluating strategic alternatives, including licensing agreements and asset sales, for its therapies in development. Read more
Honda said today it was aware of the probe and “has already been in communication with the agency on this topic and will continue to cooperate with the NHTSA through the query process.” Read more
The S&P 500 has rallied almost 4% since Trump’s victory last Tuesday, while the Nasdaq has gained almost 5%. Read more
Stay in touch with top news, as it happens, conveniently in your email inbox. It's FREE!
Prabowo, who won Indonesia’s presidential election in February, also chose China for his first visit as president-elect, underscoring Jakarta’s commitment to stronger strategic ties with Beijing. Read more
The explanations for Harris’ defeat are myriad, but union leaders have been among the most outspoken in saying she and other Democrats have failed to center the struggles of workers. Read more
The chamber’s plan contains 17 initiatives to strengthen Hawaii’s business community. Read more
The 2024 affordable rental housing rates for most of the county ranged from $1,202 for a studio apartment to $3,061 for a six-bedroom home. Read more
The monthly rent rates would range from $582 to $1,164 for a studio apartment and from $864 to $1,728 for a three-bedroom unit. Read more
The bill has been under discussion for the better part of a year and has been amended four times. Read more
Trump has vowed to make the United States “the crypto capital of the planet.” Read more
HEI’s dividend continues to be suspended, the company said. Read more
U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California rejected accusations on Thursday that Zuckerberg directed Meta’s efforts to conceal from children the serious mental health risks of using Facebook and Instagram. Read more
Expectations for lower corporate taxes and deregulation lifted the Nasdaq to record closing highs for three straight sessions. The S&P secured its 50th record close of the year. Read more
The electric automaker’s shares rose more than 6% to a more than two-year high of $315.56, after having gained 19.3% up to Thursday’s close. Read more
Shares of the San Francisco-based company fell 4% in volatile after-hours trading as its revenue was also weighed down by lower bookings at the beginning of the quarter. Read more
