Most interesting finance and busines news.
Mesa Air Group announced Wednesday that its shareholders have approved the company's request to issue outstanding shares to pay off debt.
Earlier this month, the company asked shareholders to approve the plan to issue up to $37.8 million in new stock to repurchase all of its outstanding senior convertible notes, which are due in […]
Filed under: economics by Guru
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Engineering and construction contractor Fluor Corp. said its first-quarter profit surged 63 percent, helped by new contracts in the oil and gas industry.
Irving-based Fluor (NYSE: FLR) earned $138 million, or $1.50 per share, compared with $84.6 million, or 94 cents per share, in the quarter last year.
Revenue rose 32 percent […]
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Australian home-loan approvals fell in March to the lowest level in almost three years, reinforcing the central bank's view that the highest borrowing costs since 1996 are slowing the economy.
The number of loans granted to people to build or buy homes or apartments dropped 6.1 percent to 59,371, the lowest since August, 2005, […]
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Verizon Wireless announced Friday it has added a new cell site on Kauai to boost cellular phone coverage.
The new central Lihue site is located on Puhi Road.
Verizon said it invested $17 million in Hawaii last year.
Verizon Wireless is a joint venture of New York-based Verizon Communications (NYSE: VZ) […]
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China will maintain a tight monetary policy to cool price increases and prevent economic overheating, Vice Premier Wang Qishan said.
“China's economy is still facing challenges this year including high inflation, investment growth that hasn't yet come down to a normal level and the global economic slowdown,'' Wang said at the Lujiazui Financial Forum […]
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Island Air soon will operate three nonstop routes in the Midwest.
The Honolulu-based carrier will operate the routes that US Airways Express currently operates from Kansas City International Airport to Joplin, Mo.; Grand Island, Neb.; and Harrison, Ark., connecting to Hot Springs, Ark.
The U.S. Department of Transportation awarded the KCI routes to […]
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American Airlines is canceling its services in and out of Oakland International Airport effective Sept. 3 due to high fuel prices, according to a spokesman for the airline.
"Oakland is a victim of very, very high fuel prices," Wagner said. The airline previously stated it would reduce its domestic flying by 5 percent.
[…]
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Bank of America Corp. gave no assurances that it will assume part of the debt of Countrywide Financial Corp. once Bank of America takes over the troubled mortgage lender, according to a filing with the Securities and Exchange Commission,
The filing says Countrywide had $97.2 billion in debt as of Dec. 31. About $11.48 […]
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A Native Hawaiian group blocked access to Iolani Palace in downtown Honolulu, a historic site that is one of the city's most popular attractions.
Several dozen people calling themselves the Hawaiian Kingdom Government locked palace gates and set up no-trespassing signs on the grounds early Wednesday. The protesters were not inside the palace, […]
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