Dave Segal | Honolulu Star-Advertiser

State’s jobless rate holds for sixth straight month

Dave Segal — Mon, 23 Dec 2024 10:05:00 +0000

Hawaii’s unemployment rate hasn’t budged in half a year.

Housing market on Oahu drops off

Dave Segal — Mon, 09 Dec 2024 10:05:00 +0000

Oahu’s housing activity is slowing with the holiday season in full swing.

Sputtering state auto sales forecast to fall 2.4% this year

Dave Segal — Mon, 09 Dec 2024 10:05:00 +0000

Hawaii’s new-vehicle market remains stuck in neutral, and sales are forecast to decline for the third consecutive year.

Oahu home prices remained stable in October

Dave Segal — Mon, 25 Nov 2024 10:05:00 +0000

Oahu’s housing market was largely flat in October as 30-year mortgage rates continued to rise and discouraged potential buyers and sellers.

Oahu housing market waffled in September as rates dropped

Dave Segal — Mon, 07 Oct 2024 10:05:00 +0000

Oahu’s housing market softened in September even as declining mortgage rates made buying homes more attractive.

Hawaii automobile sales plunge as owners hang on to vehicles

Dave Segal — Mon, 26 Aug 2024 10:05:00 +0000

Hawaii vehicle owners are keeping their trucks and cars longer than ever as expectations have diminished that the local market will see a significant rise in sales this year.

Oahu home sales spiked in July to near 2-year-high

Dave Segal — Mon, 19 Aug 2024 10:05:00 +0000

Oahu’s sluggish real estate market is finally starting to pick up steam.

Electric vehicles put charge into Hawaii’s auto sales

Dave Segal — Mon, 10 Jun 2024 10:05:00 +0000

Hawaii auto sales, stymied by the lingering effects of the Aug. 8 Maui wildfires, are expected to accelerate 3.7% this year amid the possibility of lower income rates in the upcoming months, falling vehicle prices and strong wage gains.

Residential building fire extinguished in Aikahi

Dave Segal — Mon, 19 Feb 2024 05:22:00 +0000

A residential building fire near 701 Old Mokapu Road in Aikahi was extinguished Sunday afternoon.

Airline analysts, experts tout deal between Alaska, Hawaiian

Dave Segal — Mon, 04 Dec 2023 10:05:00 +0000

Hawaiian Airlines’ pending $1.9 billion sale to Alaska Airlines was praised by industry analysts and experts as a positive development that is expected to receive clearance by the U.S. Department of Justice and benefit the flying public.

State unemployment rate sinks to 3.0%

Dave Segal — Fri, 21 Jul 2023 10:05:00 +0000

Hawaii’s unemployment rate dipped to 3.0% in June, its lowest level in more than three years, and is expected to keep heading lower as the state’s economy strengthens.

Matson sees pickup in trade, but forecasts a big drop in earnings

Dave Segal — Fri, 21 Jul 2023 10:05:00 +0000

Matson Inc. said shipping demand picked up in the second quarter from the first three months of the year, and expects business to improve through 2023.

Target to hold grand opening Sunday at Windward Mall

Dave Segal — Sat, 15 Jul 2023 10:05:00 +0000

Target will hold a grand opening Sunday at Windward Mall in Kaneohe for its fifth store on Oahu and eighth overall in the state.

Rising debt steers Hawaii consumers toward bankruptcy

Dave Segal — Mon, 10 Jul 2023 10:05:00 +0000

Hawaii bankruptcies continue to remain historically low, but local attorneys say the number of monthly filings belie the reality that many consumers are in financial straits.

Oahu housing market cooled off in June

Dave Segal — Fri, 07 Jul 2023 10:05:00 +0000

Oahu homebuyers snapped up properties at a relatively quick pace in June as the housing market cooled from a year ago amid a dip in prices.

Cyanotech loses $1.4M as viability questioned

Dave Segal — Thu, 06 Jul 2023 10:05:00 +0000

Cyanotech Corp., a Kona-based producer of health dietary supplements from microalgae, swung to a loss of $1.4 million in the fourth quarter from a profit of $277,000 in the year-earlier period as sales dropped significantly.

State unemployment rate sinks to 2-year low

Dave Segal — Fri, 16 Jun 2023 10:05:00 +0000

Hawaii’s unemployment rate plunged in May to 3.1% — its lowest level in more than two years — amid continued signs of improvement in the economy.

Oahu median home price tops $1M again amid high rates

Dave Segal — Wed, 07 Jun 2023 10:05:00 +0000

Hawaii’s housing market appears to be heating up for the spring buying season with the median price for single-family homes climbing above the $1 million threshold again.

Pancake House among May bankruptcy filers

Dave Segal — Mon, 05 Jun 2023 10:05:00 +0000

The Original Pancake House was among the debtors filing for bankruptcy in May as the number of cases in the state increased for the second straight month.

State pension fund ekes out gain in rocky quarter

Dave Segal — Mon, 29 May 2023 10:05:00 +0000

The state Employees’ Retirement System pension fund is on pace to achieve its seventh positive fiscal-year return in a row.

Honolulu airport primary runway reopens after 7-month closure

Dave Segal — Sat, 27 May 2023 10:05:00 +0000

The reconstruction of the primary runway for arriving aircraft at Daniel K. Inouye International Airport has been completed and was expected to be available for incoming planes as of 6 a.m. today.

State unemployment rate fell to 3.3% in April

Dave Segal — Fri, 19 May 2023 10:05:00 +0000

Hawaii’s unemployment rate declined to a one-year low of 3.3% in April amid continued signs of improvement in the local labor market.

Hawaiian Air unveils Boeing 787 Dreamliner cabin design

Dave Segal — Tue, 16 May 2023 10:05:00 +0000

Hawaiian Airlines, which plans to begin service in early 2024 with its new 300-seat Boeing 787-9 Dreamliner, unveiled Monday the interior of the aircraft and introduced a new class of premium service: the Leihoku Suites.

Honolulu-based Barnwell loses $1.2M as its product prices drop

Dave Segal — Tue, 16 May 2023 10:05:00 +0000

Barnwell Industries Inc., which derives about three-quarters of its revenue from its oil and natural gas operations, swung to a loss in the second quarter as prices declined for all of its products.

Pilot hiring events to address shortage in industry

Dave Segal — Mon, 15 May 2023 10:05:00 +0000

A pilot shortage has been rippling across the United States in the aftermath of the pandemic.

Hawaii bankruptcies go up 29% on heels of rising rates

Dave Segal — Sun, 14 May 2023 10:05:00 +0000

Bankruptcy cases in April hit a monthly high for the year, as rising interest rates and high inflation finally appear to be stretching thin the finances of Hawaii consumers.

Hawaii bank execs offer reassurance as their stocks tank

Dave Segal — Fri, 12 May 2023 10:05:00 +0000

Investors continued bailing on Hawaii bank stocks Thursday even as top executives of the publicly traded financial institutions banded together to assure consumers that their deposits are safe.

Maui Land’s loss widens as expenses increase

Dave Segal — Fri, 12 May 2023 10:05:00 +0000

Maui Land & Pineapple Co.’s loss widened in the first quarter as costs and expenses rose by $918,000 from the year-earlier period due to one-time events associated with the company’s recent leadership transition.

State auto sales flat, but expected to gain speed

Dave Segal — Wed, 10 May 2023 11:00:00 +0000

Hawaii auto sales were virtually flat in the first quarter but are expected to accelerate and finish this year up 6.6% as consumers return to the market and dealers stock more vehicles on their lots.

HEI earnings fall 20.9% amid one-time items

Dave Segal — Wed, 10 May 2023 10:05:00 +0000

Hawaiian Electric Industries Inc., the holding company for the state’s largest utility and third-largest bank, reported Tuesday that net income fell 20.9% in the first quarter primarily due to nonrecurring items that occurred in the year-earlier period.

Matson earnings plunge amid weakened demand

Dave Segal — Fri, 05 May 2023 10:05:00 +0000

Matson Inc. performed better in the first quarter than it projected two weeks ago but still saw its earnings plunge 90% primarily due to lower average freight rates and volume from its China operations.

Utility’s renewable generation hit 60.2% in 2022

Dave Segal — Fri, 05 May 2023 10:05:00 +0000

Kauai Island Utility Cooperative’s 60.2% renewable generation once again led the state in 2022, but the output was below the number it generated in 2021.

A&B’s leased occupancy strong, net income falls

Dave Segal — Fri, 05 May 2023 10:05:00 +0000

Alexander & Baldwin Inc., the state’s second- largest retail property owner, continues to achieve solid results from its commercial real estate portfolio and finished the first quarter with 93.9% total leased occupancy.

Hawaiian Electric bills lower than a year ago

Dave Segal — Thu, 04 May 2023 10:05:00 +0000

Hawaiian Electric’s residential customers will see lower bills in May than they did a year ago when the Russian invasion of Ukraine sent oil prices surging.

American Savings Bank’s net falls; CEO says bank well capitalized

Dave Segal — Sat, 29 Apr 2023 10:05:00 +0000

American Savings Bank reported that net income fell 22.2% in the first quarter from the year- earlier period but said its earnings grew from the previous three months and that it remains well capitalized.

First Hawaiian’s earnings jump, but deposits decline

Dave Segal — Sat, 29 Apr 2023 10:05:00 +0000

First Hawaiian Bank boosted earnings 15.8% from a year ago but saw its deposits decline for the third straight quarter and shrink by $407.5 million from the previous three months.

Territorial’s loans, deposits flat as earnings fall 50.8%

Dave Segal — Fri, 28 Apr 2023 10:05:00 +0000

Territorial Bancorp Inc.’s net income fell by more than half in the first quarter partly due to a nonrecurring item, and deposits and loans were virtually flat, as the company dealt with higher interest rates and customers moving their money into higher-yielding certificates of deposit.

Coast Guard searches for missing cruise ship passenger south of Hawaii

Dave Segal — Thu, 27 Apr 2023 03:25:00 +0000

Coast Guard crews began searching today for a Quantum of the Seas cruise ship passenger who went overboard 500 miles south of Kailua-Kona while the vessel was en route from Brisbane, Australia, to Honolulu after a stopover in Tahiti.

Central Pacific boosts quarterly deposits amid mainland bank failures

Dave Segal — Wed, 26 Apr 2023 10:31:00 +0000

Central Pacific Financial Corp. weathered what it called a “challenging operating environment” and said ahead of today’s earnings results that its deposits during the first quarter increased by $150 million from March 10 when Silicon Valley Bank, and then later Signature Bank, collapsed.

Bankoh posts lower profit, but deposits hold steady

Dave Segal — Tue, 25 Apr 2023 10:05:00 +0000

Bank of Hawaii Corp. posted lower first-quarter earnings but said it was unaffected by Wall Street fears of customers scrambling to withdraw their money from regional banks following the failures in March of larger institutions Silicon Valley Bank and Signature Bank.