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Business

CRAIG T. KOJIMA / OCT. 31
                                Ashley Zimmerman, human resources coordinator for Hilton Hawaiian Village, is one of 10,000 veterans that Hilton has hired as part of its “Operation: Opportunity.”

Hilton plans to expand military hiring program

CRAIG T. KOJIMA / OCT. 31
                                Ashley Zimmerman, human resources coordinator for Hilton Hawaiian Village, is one of 10,000 veterans that Hilton has hired as part of its “Operation: Opportunity.”

Updated on  April 25, 2017 at 11:03 pm
Hilton Hawaiian Village Waikiki Beach Resort is looking for a “few good men and women” to fulfill its goal of making military veterans and military family members 7 percent of all their new hires in the next three years. Read More
STAR-ADVERTISER
                                “The Hawaii market will be our focus going forward. However, for our good mainland borrowers, we will continue to support them.”
                                Catherine Ngo
                                President and CEO, Central Pacific Bank

CPB’s quarterly net grows, as do its loans

STAR-ADVERTISER
                                “The Hawaii market will be our focus going forward. However, for our good mainland borrowers, we will continue to support them.”
                                Catherine Ngo
                                President and CEO, Central Pacific Bank
Central Pacific Bank’s renewed focus on loans in its core Hawaii market helped increase earnings 17 percent in the first quarter and set the stage for the company’s second dividend increase in less than a year. Read More
LAURA SHIMABUKU/WEST HAWAII TODAY
                                Island Air flight to Honolulu departing Kona International Airport.

Island Air, Jin Air form partnership

LAURA SHIMABUKU/WEST HAWAII TODAY
                                Island Air flight to Honolulu departing Kona International Airport.
Island Air and low-cost Korean carrier Jin Air have formed an interline partnership that allows travelers to book connections between Jin Air’s network throughout South Korea and Southeast Asia and Island Air’s destinations in Hawaii. Read More

Maui Brewing wins business award

Garrett Marrero and Melanie Oxley of Maui Brewing Co. were selected as the Hawaii 2017 Small Business Persons of the Year by the U.S. Small Business Administration. Read More
COURTESY BANK OF HAWAII
                                Bank of Hawaii is on Bishop Street in downtown Honolulu.

Bank of Hawaii reports stellar quarter

COURTESY BANK OF HAWAII
                                Bank of Hawaii is on Bishop Street in downtown Honolulu.
Bank of Hawaii Corp. reported double-digit loan growth for the 10th straight quarter and achieved record earnings per share as it continued to benefit from the state’s robust economy. Read More
COURTESY SUNEDISON INC. 
                                Waipio Solar, one of three solar projects started by SunEdison, had already started construction before Hawaiian Electric Co. filed to terminate its contract.

HECO signs deal to buy Haleiwa solar facility’s power

COURTESY SUNEDISON INC. 
                                Waipio Solar, one of three solar projects started by SunEdison, had already started construction before Hawaiian Electric Co. filed to terminate its contract.

Updated on  April 24, 2017 at 10:37 pm
Hawaiian Electric Co. has contracted to build the state’s largest solar farm near Haleiwa with up to 500,000 solar panels on 100 acres. Read More
 

Carr is named Developer of the Year

Stanford Carr, president of Stanford Carr Development, LLC, was named Developer of the Year by the Washington, D.C.-based nonprofit Smart Growth America. Read More
Updated on  April 25, 2017 at 12:27 am
COURTESY DAVID AQUINO / BLUE PLANET FOUNDATION
                                Jeff Mikulina, executive director of Blue Planet Foundation, spoke to students from seven schools Thursday at the state Capitol in support of reducing gasoline reliance.

Kids, activists rally for bill setting clean-fuel goal

COURTESY DAVID AQUINO / BLUE PLANET FOUNDATION
                                Jeff Mikulina, executive director of Blue Planet Foundation, spoke to students from seven schools Thursday at the state Capitol in support of reducing gasoline reliance.

Updated on  April 25, 2017 at 6:25 pm
More than 600 students joined activists at the state Capitol rotunda Thursday in support of a bill that sets a goal of having all ground transportation in Hawaii run on renewable fuel by 2045. Read More
 

Business calendar

Coming up: Commerce Department releases current account trade measure for the fourth quarter. Automaker BMW and FedEx Corp. report financial results. Read More
Updated on  April 24, 2017 at 12:28 pm
PHOTO ILLUSTRATION BY KIP AOKI / KAOKI@STARADVERTISER.COM

Sports tourism shifts focus to neighbor isles, other events

PHOTO ILLUSTRATION BY KIP AOKI / KAOKI@STARADVERTISER.COM

Updated on  April 22, 2017 at 10:28 pm
Most of Hawaii’s $9.7 million sports marketing budget last year was spent on football and Oahu, but the loss of the high-ticket NFL Pro Bowl might finally give other sports, and islands, a chance to get some skin in the state’s lucrative sports tourism game. Read More
STAR-ADVERTISER
                                Nominee Tom Gorak has been serving as an interim member of the state Public Utilities Commission since Ige appointed him in June.

Council rejects Gorak for PUC position

STAR-ADVERTISER
                                Nominee Tom Gorak has been serving as an interim member of the state Public Utilities Commission since Ige appointed him in June.
Gov. David Ige’s controversial nominee to the state agency that regulates Hawaii’s utilities was dealt a preliminary setback Friday when he was narrowly rejected by a Senate committee. Read More
COURTESY PIXABAY
                                Last year, Hawaii foreclosure case volume dipped 5 percent, which included five months with higher numbers of new cases. In 2015, volume dropped 12 percent. and in 2014 the decline was 39 percent.

2017 began with fewer foreclosures than previous year

COURTESY PIXABAY
                                Last year, Hawaii foreclosure case volume dipped 5 percent, which included five months with higher numbers of new cases. In 2015, volume dropped 12 percent. and in 2014 the decline was 39 percent.

Updated on  April 21, 2017 at 10:01 pm
Hawaii homeowners faced fewer foreclosure lawsuits to start this year following three consecutive years of declining cases filed largely by mortgage lenders to repossess homes. Read More
COURTESY PIXABAY
                                On Thursday the state Department of Labor and Industrial Relations announced that Hawaii’s unemployment rate had fallen to 2.7 percent in March after being at 2.8 percent the previous two months.

Hawaii No. 2 in U.S. jobless rate

COURTESY PIXABAY
                                On Thursday the state Department of Labor and Industrial Relations announced that Hawaii’s unemployment rate had fallen to 2.7 percent in March after being at 2.8 percent the previous two months.

Updated on  April 21, 2017 at 10:02 pm
Hawaii still has the second-lowest unemployment rate in the country, but a new state has taken the lead. Read More
BRUCE ASATO / BASATO@STARADVERTISER.COM
                                Chef David Varley on Friday described an appliance to be installed at the salad counter at The Street.

The Street set to open in June

BRUCE ASATO / BASATO@STARADVERTISER.COM
                                Chef David Varley on Friday described an appliance to be installed at the salad counter at The Street.

Updated on  April 22, 2017 at 8:23 pm
Diners will get a preview of “The Street, a Michael Mina Social House” when three of the venues open May 19. Read More
ASSOCIATED PRESS
                                U.S. District Judge Sean Cox stuck to the plea deal during the sentencing hearing, six weeks after Volkswagen pleaded guilty to conspiracy and obstruction of justice in a bold scheme involving nearly 600,000 diesel cars in the U.S.

Judge orders VW to pay $2.8B in scandal

ASSOCIATED PRESS
                                U.S. District Judge Sean Cox stuck to the plea deal during the sentencing hearing, six weeks after Volkswagen pleaded guilty to conspiracy and obstruction of justice in a bold scheme involving nearly 600,000 diesel cars in the U.S.

Updated on  April 21, 2017 at 9:59 pm
A judge Friday ordered Volkswagen to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests, blessing a deal negotiated by the government for a “massive fraud” orchestrated by the German automaker. Read More
COURTESY HAWAII STADIUM AUTHORITY
                                An artist rendering and concept of a new Aloha Stadium being proposed. The facility would be surrounded by retail and residences that produce income for the state.

Restrictions lifted on Aloha Stadium site

COURTESY HAWAII STADIUM AUTHORITY
                                An artist rendering and concept of a new Aloha Stadium being proposed. The facility would be surrounded by retail and residences that produce income for the state.

Updated on  April 20, 2017 at 10:52 pm
It took city, state and federal government officials assisted by attorneys and others, but the paperwork to lift restrictions against using the 98-acre Aloha Stadium property for anything other than recreation is officially done. Read More

State jobless rate dips to 2.7 percent

Hawaii’s unemployment rate resumed its descent in March, falling to 2.7 percent, its lowest level in nearly 10 years. Read More

Hawaiian Air beats earnings estimates

Hawaiian Airlines’ new pilots contract took a chunk out of the company’s net income during the first quarter. Read More

Texas rejects NextEra’s bid to buy utility based in Dallas

NextEra Energy Inc., the company that failed to convince Hawaii regulators that its $4.3 billion bid to buy Hawaii’s dominant utility was in the public interest, has struck out for a second time in Texas. Read More
Updated on  April 20, 2017 at 9:52 pm

Mortgage rates dip below 4 percent

The average U.S. mortgage rate fell below a key threshold of 4 percent this week, its lowest level in five months. Read More

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