Tupperware gets court approval for lender sale
U.S. Bankruptcy Judge Brendan Shannon approved the sale at a court hearing in Wilmington, Delaware, saying it was the best available option for Tupperware. 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.
Nasdaq hits record high as Alphabet earnings beat estimates
Alphabet, one of the so-called “Magnificent Seven” megacap technology stocks, reported quarterly revenue that beat estimates. Read more
U.S. job openings hit 44-month low, consumer confidence rises
The downbeat report from the Labor Department today was countered by a Conference Board survey showing consumers’ perceptions of the jobs market improved considerably in October, helping to lift consumer confidence to a nine-month high. Read more
D.R. Horton sees downbeat 2025 sales on buyer uncertainty
The largest U.S. homebuilder also missed estimates for fourth-quarter profit and revenue. The results pulled down shares of other homebuilders, with Lennar and PulteGroup down more than 4%. Read more
French minister to challenge China over ‘political’ cognac duties
China imposed temporary anti-dumping measures on imports of brandy from the European Union early this month after the bloc voted for tariffs on Chinese-made electric vehicles (EVs). The measures have hit French cognac hardest. Read more
Halloween Eve flash flood at UH-Manoa left ruin in its wake 20 years ago
Wednesday marks the 20th anniversary of a Halloween Eve flash flood that sent a tsunami of mud, water and debris up to 8 feet high roaring through the University of Hawaii Manoa campus, damaging 30 buildings and tossing dumpsters. Read more
Honolulu mayor blows up fireworks measure
The Honolulu City Council’s approval of a fireworks measure earlier this month officially exploded last week. Read more
Hawaii County to study alternate route to and from Puna
Efforts to develop an alternate route ramped up after the 2018 Kilauea eruption, when magma beneath the highway caused the pavement to bulge and crack, making residents concerned the road would be severed entirely. Read more
On the Move: Joshua Gately
James Campbell Co. has named Joshua Gately vice president of development. Read more
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Washington Post loses 200,000 subscribers after Harris block
Not all cancellations take effect immediately, the NPR report said, adding that still, the figure represents about 8% of the paper’s paid circulation of 2.5 million subscribers, which includes print as well. Read more
CrowdStrike, Delta sue each other over flight disruptions
The July 19 incident led to worldwide flight cancellations and hit industries including banks, healthcare, media companies and hotel chains. Read more
Robinhood rolls out contracts to bet on presidential election
Shares of the trading platform rose 4% after the company said it would start rolling out the contracts to a limited number of users, who must be U.S. citizens, today. Read more
Subway sandwiches are short on meat, lawsuit claims
According to a proposed class action filed today in federal court in Brooklyn, Subway ads for its Steak & Cheese sandwich show meat bursting from within, reaching about as high as the surrounding hero bread. Read more
McDonald’s rules out beef patties as source of E. coli outbreak
“We remain very confident that any contaminated product related to this outbreak has been removed from our supply chain and is out of all McDonald’s restaurants,” the fast-food chain’s Chief Supply Chain Officer Cesar Pina said in a statement. Read more
Trust plans to use nearly 70 Kona acres for homes, hotels
The total estimated cost for building construction is about $400 million, plus an additional $60 million for the infrastructure alone. Read more
Honolulu’s e-bike working group updates Council
Following reports of the dangerous and unlawful operation of electric bicycles across Oahu, the City and County of Honolulu formed a working group to study how best to regulate the controversial machines and their often underage riders. Read more
Yen slips as Japan’s election result clouds rate hike prospects
On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro. Read more
Olympus: CEO steps down after drug allegations
“Upon receiving an allegation that Mr. Stefan Kaufmann had purchased illegal drugs … Olympus, in consultation with outside legal counsel, immediately investigated the facts,” the company said in a statement. Read more
Report: Elon Musk briefly worked illegally in U.S. in 1990s
Trump has for years portrayed migrants as invaders and criminals, and during his 2017-2021 presidency, he took stringent steps to curb legal and illegal migration. Read more
Maui unemployment modest a year after disaster
Maui’s unemployment rate a year after the wildfire that destroyed Lahaina doesn’t look bad on paper, but the island is still suffering pretty severely with employment. Read more
Hawaii Career Expo to link job-seekers with top employers
Sponsored by the Honolulu Star-Advertiser, the Hawaii Career Expo will allow employers to connect with talented candidates seeking jobs in a variety of fields, organizers said. Read more
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