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Hawaii

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  • LAGUNA BEACH, California— An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million. That price tag for the Montage Laguna Beach— which comes to $1.4 million per room— "shattered the price barrier for California hotels by a wide margin," hotel consultant Alan Reay of Atlas Hospitality tells the Los Angeles Times on...

  • Senate roll call vote on the Keystone XL Pipeline Thursday, 29 Jan 2015 | 5:49 PM ET

    The 62-36 roll call Thursday by which the Senate passed a bill approving the construction of the Keystone XL Pipeline Act. Baldwin, Wis.; Blumenthal, Conn.; Booker, N.J.; Boxer, Calif.; Brown, Ohio; Cantwell, Wash.; Cardin, Md.; Coons, Del.; Durbin, Ill.; Feinstein, Calif.; Franken, Minn.; Gillibrand, N.Y.; Heinrich, N.M.; Hirono, Hawaii; Kaine, Va.; Klobuchar, Minn.; Leahy, Vt.; Markey, Mass.; Menendez, N.J.;...

  • DALLAS— Shares of Hawaiian Airlines' parent fell sharply in extended trading Thursday after the company said a key revenue measure would decline in the first quarter. Hawaiian Holdings Inc. reported fourth-quarter net income of $11 million, or 17 cents per share, down from year-ago earnings of $17 million, or 31 cents per share. Excluding costs of fuel-hedging...

  • Central Pacific Financial posts 4Q profit Thursday, 29 Jan 2015 | 10:12 AM ET

    HONOLULU _ Central Pacific Financial Inc. on Thursday reported fourth-quarter earnings of $13.3 million. The operator of Central Pacific Bank posted revenue of $46.4 million in the period. Central Pacific Financial shares have declined almost 7 percent since the beginning of the year.

  • District Judge James Mahan in Las Vegas granted an SEC request that MRI International Inc and its owner, Edwin Fujinaga, be ordered to give up $544.4 million of illegal profit and interest, and to each pay a $20 million civil fine. But the SEC said the defendants ran an "extensive and egregious Ponzi scheme" in which they used new money to repay older investors, and...

  • LIHUE, Hawaii— The owner of one of two small planes that crashed-landed in the Pacific Ocean off Hawaii over the weekend is crediting a novice pilot with staying calm and ensuring the survival of all four people onboard, including a baby. The pilot of the single-engine Cessna flying from Kauai to Oahu declared an emergency Sunday evening, saying the aircraft was...

  • Territorial Bancorp posts 4Q profit Monday, 26 Jan 2015 | 5:34 PM ET

    HONOLULU _ Territorial Bancorp Inc. on Monday reported fourth-quarter earnings of $3.5 million. Territorial Bancorp shares have increased almost 1 percent since the beginning of the year. Keywords: Territorial Bancorp, Earnings Report.

  • Bank of Hawaii tops Street 4Q forecasts Monday, 26 Jan 2015 | 4:24 PM ET

    HONOLULU _ Bank of Hawaii Corp. on Monday reported fourth-quarter net income of $41.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Bank of Hawaii shares have declined roughly 3 percent since the beginning of the year.

  • HILO, Hawaii— Uncertainty over a lava flow in a mostly agricultural region of Hawaii's Big Island has prompted officials to put a hold on a program that allows a county agency to buy homes near a geothermal power plant. Hawaii County's planning department has placed the moratorium on new purchases and auctions of purchased homes in the lower Puna area, the Hawaii...

  • One of the planes, a single-engine aircraft carrying only a pilot, crash-landed about 250 miles off Maui. The other plane was carrying four people and went down several miles off Oahu. Dramatic Coast Guard video shows the plane carrying just the pilot— a Cirrus SR22 traveling from California to Maui— as it releases its parachute.

  • Medicaid, firing squads on agenda for Utah Legislature Saturday, 24 Jan 2015 | 11:01 AM ET

    Utah leaders are grappling with how they'll help thousands of poor Utah residents get health coverage under Medicaid, in what's expected to be one of the most hotly debated issues of the session. In Utah, that's about 90,000 people. Rather than having more people on Medicaid, Utah Gov.

  • $2 gasoline: Good times keep rolling at the pump Friday, 23 Jan 2015 | 1:30 PM ET

    But for the first time since 2009, most Americans are paying less than $2 a gallon. "It's crazy," says Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. U.S. crude oil traded Friday just below $46 a barrel and the average price for a gallon of gas was $2.04.

  • WASHINGTON— Union membership in the United States is down slightly, accounting for just over 11 percent of the workforce last year, the Labor Department reported Friday. The department's Bureau of Labor Statistics said public-sector workers have the highest union membership rate at nearly 36 percent. AFL-CIO President Richard Trumka cited "major...

  • First major retailer to reopen after Hawaii lava scare Thursday, 22 Jan 2015 | 3:18 PM ET

    Longs Drugs will reopen in Pahoa as early as Monday after the branch of lava heading toward it stalled, Vinia Rosa, manager of the chain's downtown Hilo store, told the Hawaii Tribune-Herald. Longs closed Dec. 20 as molten rock neared two Pahoa shopping centers. "We took the precaution, like Malama, because it was coming right toward us," said Rosa, who managed the Pahoa...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • SEATTLE, Jan 21- Washington state could become the only U.S. state to raise its legal age for smoking tobacco to 21 from 18 under a measure proposed on Wednesday by its top law enforcement official. Cigarette smoking is the leading cause of preventable death in the United States, accounting for more than 480,000 deaths annually, or one of every five deaths overall,...

  • HONOLULU— Hawaii's doctor shortage is getting worse, and it's getting especially difficult to find a physician on its neighboring islands. The center is trying to find ways to deal with the issues that make practicing medicine in Hawaii difficult, including government regulations and the state's high cost of living. The shortage is up nearly 20 percent from...

  • President Barack Obama on Tuesday nominated former Bank of Hawaii chief executive Allan Landon to join the U.S. Lawmakers had been urging the White House to appoint someone with community bank experience to the board. If confirmed by the U.S. Senate, Landon would have a permanent vote on monetary policy and help implement the 2010 Dodd-Frank financial...

  • WASHINGTON, Jan 2- The White House will soon announce a nominee to the Federal Reserve Board, a person familiar with the matter said on Friday, in a move that would begin the process of filling one of the Fed's two empty seats in Washington. The person said the White House will announce a nominee next week or the following week, adding that the nominee will likely have a...

  • BEIJING/ WASHINGTON, Dec 22- China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures, as the United States has said. North Korea has denied it was to blame and has vowed to hit back against any U.S. retaliation, threatening the White House and the Pentagon. But the United States...