Sat, 25 May 2013 00:56:02 +0000

One half of Hawaii’s controversial 400-megawatt “Big Wind” project — in which large wind farms on Lanai and Molokai would pump electricity to Honolulu via an undersea cable — is still moving forward. Castle & Cooke Inc., which kept the rights to build a wind farm capable of producing up to 200 megawatts of renewable energy when CEO David Murdock sold the majority of the Pineapple Island to Oracle Corp. (Nasdaq: ORCL) CEOLarry Ellison last year has remained mum about its plans until Friday. A… More

Sat, 25 May 2013 00:47:51 +0000

China Airlines will launch regular nonstop flights between Taiwan and Hawaii on June 2, the airline said Friday. The airline will fly nonstop between Taipei and Honolulu International Airport using Airbus A330 aircraft twice a week, in addition to its seven weekly flights between Taipei and Honolulu that stop in Tokyo, according to Focus Taiwan News Channel. The airline’s direct flights are in response to Taiwan’s entry into the U.S. visa-waiver program, and China Airlines also hopes to attract… More

Sat, 25 May 2013 00:44:44 +0000

The United States Tennis Association Hawaii Pacific Section has announced the Royal Lahaina Challenger tournament will be held Jan. 19-26 next year at the Royal Lahaina Resort’s Royal Lahaina Tennis Ranch. The tournament, hosted by the Royal Lahaina Tennis Ranch and Royal Lahaina Resort, is the only professional tennis event in Hawaii. The tournament, sponsored by American Savings Bank, will feature men’s players ranked in the top 50 in the world playing for $50,000 in total prize money, according… More

Sat, 25 May 2013 00:03:10 +0000

Hawaiian Telcom gained 2 percent Friday, but Hawaii stocks as a group followed the broader markets to finish mixed in an uninspiring day of trading before the holiday weekend. The Dow Jones Industrial Average gained 8.60 points, or 0.06 percent, to close at 15,303.10, while the Nasdaq lost 0.27 points, or 0.01 percent, to finish at 3,459.14. Gainers: Bank of Hawaii Corp. (NYSE: BOH) closed at $51.29, up 35 cents, or 0.69 percent; Central Pacific Financial Corp. (NYSE: CPF) closed at $18.69, up… More

Fri, 24 May 2013 23:35:17 +0000

Longtime Kailua resident Gloria Garvey is among dozens of local and national businesses owners who are anxiously awaiting the outcome of a possible sale of the Kaneohe Ranch portfolio, which includes most of Kailua’s town center. Click on the photo for a slideshow of Kaneohe Ranch’s commercial tenants in Kailua. Garvey says Kaneohe Ranch had two options — either to improve the properties and then try to sell them or keep making money from leasing opportunities. “It was sort of inevitable,”… More

Fri, 24 May 2013 21:59:08 +0000

The federal government expects to issue a request for proposals in two weeks for a project to build a concrete parking apron and more infrastructure for F-22 Raptor fighter planes in Hawaii at a cost of up to $10 million. The work will be done at Joint Base Pearl Harbor-Hickam and is in addition to other work being done on parking and other facilities for the jets, said Lt. Col. Charles Anthony, a spokesman for the Hawaii National Guard. This includes work on a facility for maintenance and testing… More

Fri, 24 May 2013 17:30:38 +0000

The father-and-daughter owners of The Mortgage Store on Maui have been charged by a federal grand jury with bilking unsuspecting investors of more than $8.6 million in a Ponzi scheme over a five-year period. The 17-count indictment agains George Lindell, 65, and Holly Hoaeae, 39, includes 13 counts of mail fraud, three counts of wire fraud and one count of money laundering conspiracy, according to the U.S. Attorney's office in Honolulu. Hawaii district U.S. Attorney Florence T. Nakakuni said Lindell… More

Fri, 24 May 2013 17:28:18 +0000

Former Kaneohe resident Jason Pascua has pleaded guilty to using his business, J2 Marketing Solutions, in a Ponzi scheme that defrauded dozens of Hawaii families of $1.5 million. The Associated Press reports Pascua pleaded guilty to wire fraud charges on Thursday in U.S. District Court. Pascua, 39, who lives in Arizona, was charged in March of allegedly defrauding 31 families in Hawaii. More

Fri, 24 May 2013 17:13:01 +0000

GoKo Restaurant Enterprises LLC, which was the franchise owner for the Sizzler restaurants in Kailua, Aiea, Kapalama and Waipahu for the past 10 years, said it has also "revamped its menu to emphasize local tastes and more local products." "We're aiming to offer our customers great value and ono taste," GoKo owner Clinton Goo said in a statement. The four restaurants have a total of about 120 employees. GoKo filed for Chapter 11 bankruptcy reorganization in April. More

Fri, 24 May 2013 17:04:53 +0000

The Neighbor Islands are quickly catching up to the economic recovery that Oahu has been seeing, according to the latest forecast from the University of Hawaii Economic Research Organization. UHERO’s county forecast predicts that economic growth will speed up this year, with construction driving that growth. The broadening recovery, paired with modest inflation, will drive growth in real incomes across the counties over the next several years, UHERO said in the report released Friday. The record… More