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
Business
The latest business, finance and economic news from Hawaii, across the nation and around the world. Coverage includes airlines, businesses and 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
State plans to buy 9 acres for Hilo Harbor expansion
The acquisition of about 9.3 acres on Kalanianaole Street contiguous to the harbor would help improve traffic flow along the street, where cargo and cruise ship traffic often conflicts with peak residential and school traffic each day. Read more
Hawaii’s high court takes on appeal of HMSA case
A suit alleges that in the cases of 30 different patients, HMSA rejected a doctor’s diagnoses or treatments, forcing those patients to go without treatment or pay for it out of pocket. Read more
Former Abercrombie CEO pleads not guilty to sex trafficking
Jeffries, 80, who led Abercrombie from 1992 to 2014, entered his plea to one count of sex trafficking and 15 counts of prostitution before U.S. Magistrate Judge Steven Tiscione in Central Islip, New York, in that state’s Suffolk County. Read more
Washington Post to stop endorsing presidential candidates
The Post’s decision drew immediate blowback on social media, including from Marty Baron, the recent editor of the Post who led the paper through a period of editorial and business success. Read more
E. coli infections tied to McDonald’s rise to 75; no known cases in Hawaii
Of the 61, on whom information was available, the health regulator said 22 persons have been hospitalized. Two of them have developed hemolytic uremic syndrome, a serious condition that can cause kidney failure. Read more
Nvidia overtakes Apple as world’s most valuable company
Nvidia’s stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG. Read more
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Remy to raise cognac prices in China to offset tariffs
China imposed provisional tariffs on brandy from the European Union earlier this month, days after the 27-member bloc voted for tariffs on Chinese-made EVs. Brandy makers say the tariffs are political. Read more
Hawaiian Airlines begins merger-related layoffs
Hawaiian Airlines plans to eliminate 73 people from its 1,400 noncontract workforce in Hawaii and on the mainland in the wake of its recent merger with Alaska Air Group Inc. Read more
Unionized workers at Maui Memorial, clinics plan 3-day strike
Hundreds of unionized health care workers, including most of the essential staff at Maui Memorial Medical Center, will hold a three-day strike starting 7 a.m. Nov. 4 in protest of unfair labor practices. Read more
On the move: Sonja P.H. Hirasuna and Leah Chun
First Hawaiian Bank has announced the following promotion and new hire. Read more
Biden administration launches broad inquiry into air travel competition market
The U.S. Justice Department’s Antitrust Division and the Transportation Department said today they are launching a broad public inquiry into the state of competition in air travel. Read more
Microsoft CEO Nadella’s 2024 pay rose 63% to $79 million
Stock awards for Nadella, who earned $48.5 million in 2023, climbed to about $71 million from $39 million a year earlier. Read more
Fast-food chains hold the onions after McDonald’s E. coli outbreak
Restaurant Brands International, parent of McDonald’s rival Burger King, and Yum Brands said they were removing fresh onions from menu items. Read more
Unionized Maui Memorial health care workers to hold 3-day strike
The union representing them — United Nurses and Health Care Employees of Hawaii — announced today that the strike will begin at 7 a.m. on Nov. 4 and end at 7 a.m. on Nov. 7. Read more
Euro, yen climb as dollar rally takes a breather
The greenback has climbed in 16 of the past 18 sessions, on pace for its fourth straight week of gains, as a run of positive economic data has quieted expectations about the size and speed of the Fed’s rate cuts, which has also lifted U.S. Treasury yields. Read more
L.A. Times editor quits after owner blocks Harris endorsement
In an interview with The Columbia Journalism Review, Mariel Garza, who held the title editorials editor, said she had quit because “I want to make it clear that I am not OK with us being silent. In dangerous times, honest people need to stand up. This is how I’m standing up.” Read more
30-year fixed-rate mortgage rises for 4th straight week
Mortgage rates initially fell in September, dropping to more than a 1-1/2-year low by the end of the month as the Fed began lowering rates Read more
U.S. weekly jobless claims unexpectedly fall
Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 227,000 for the week ended Oct. 19, the Labor Department said today. Read more
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