The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and more.
Territorial Bancorp Inc. shareholders have approved a management- recommended takeover by a California bank over a rival bid by investors who lobbied heavily for a self- described better deal. Read more
Hundreds of nurses and health care workers from Maui Health returned to work Thursday morning after holding a three-day strike protesting unfair labor practices. Read more
L&L Hawaiian Barbecue has named Kyler Kokubun director of franchisee communications. Read more
The 16 hours of paid time off is available to full-time salaried employees. Read more
The transaction is part of the regional wireless carrier’s strategy to monetize its spectrum assets that were not part of the previously announced sale to T-Mobile. Read more
The decision was unanimous. Read more
The average rate on the popular 30-year fixed-rate mortgage climbed to 6.79%, the highest level since July, from 6.72% last week, mortgage finance agency Freddie Mac said today. Read more
Question: The pedestrian and bike bridge going over the Ala Wai Canal has surprisingly been totally out of the news. Is the project still a go? I hope so. Read more
Outrigger Hospitality Group has named Sonya Lamas director of human resources and talent acquisition. Lamas was previously director of human resources at Hyatt Hotels & Resorts in Orange County, Calif. Read more
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Trump’s policies on restricting illegal immigration, enacting new tariffs, lower taxes and deregulation may boost growth and inflation and crimp the Federal Reserve’s ability to cut rates. Read more
Bezos’ fraught relationship with Trump has come under scrutiny in recent weeks after his decision to end The Washington Post’s tradition of endorsing presidential candidates. Read more
Online election betting sites exploded into view in the final weeks of the election due to the way former President Trump’s odds on so-called “prediction markets” sharply diverged from opinion polls, which had the race locked in a dead heat. Read more
The Dow Industrials, S&P 500 and Nasdaq Composite all hit record highs with investors expecting lower taxes, deregulation and a U.S. president who is not shy to weigh in on everything from the stock market to the dollar. Read more
(Reuters) -Tesla shares surged 12% in premarket trading on Wednesday as Republican Donald Trump claimed victory in the U.S. presidential race against Democratic Vice President Kamala Harris. Read more
Investors bought dollars, bitcoin and stocks, and sold bonds as Donald Trump claimed victory in the U.S. presidential election and Republicans took control of at least one chamber of Congress. Read more
The Institute for Supply Management said its non-manufacturing purchasing managers index, a gauge of the services sector, accelerated to 56.0 last month, its highest since August 2022, from 54.9 the prior month and above the 53.8 expected by economists polled by Reuters. Read more
The strike has exposed divides that run right through the company, not just between the board and machinists, but also rifts within the union membership and resentment between white-collar staff and factory workers, according to interviews with more than 20 people with knowledge of Boeing’s operations. Read more
His latest remarks came in response to an investor asking: “When can we expect Tesla to give us the $25,000 non-robotaxi regular car model?” Read more
The forecast is below analyst estimates for a profit of 391.4 billion yen. Read more
Hilton Hawaiian Village Waikiki Beach Resort offered striking Local 5 UNITE HERE hotel employees up to $10 per hour in wage increases over four years in a new contract that workers ratified Monday to end a 40-day strike. Read more
Hundreds of unionized health care workers at Maui Memorial Medical Center walked off the job Monday morning, the first day of a planned, three-day strike. Read more
