Finance counsels

A well known Twin Cities restaurant owner is plans to open a breakfast and lunch spot in downtown Minneapolis in the same space that Hell’s Kitchen is plans to vacate this Sunday.
John McCarty, who owns a half-dozen restaurants around the Twin Cities, reached a deal this week to lease space for the restaurant with the […]

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Flights operated by the largest carriers in the U.S. arrived on time at a higher rate in July than in both the previous month and the same month last year, according to the monthly Air Travel Consumer Report released by the Department of Transportation.
The 19 carriers reporting on-time performance recorded an overall on-time arrival rate […]

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European producer prices increased by the most in at least 18 years in July, as crude oil reached a record before easing last month.
The 9 percent increase from a year earlier in the 15 euro countries was the biggest since the series began in 1990 and followed an 8 percent gain in June, […]

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There are approximately 2,095 company 401(k) plans in the state of Hawaii with assets greater than $10,000.
Combined, the assets in these plans total more than $10.6 billion, according to a recent study by Kobo Wealth Conservancy and Family Office LLC, a Honolulu investment firm.
The study — one of the only comprehensive reports of its kind […]

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Japan's wages rose for a sixth month in June, revised figures showed today, as companies paid workers more bonuses than initially estimated.
Monthly wages, including overtime and bonuses, climbed 0.4 percent from a year earlier, compared with a 0.6 percent drop reported last month, the Labor Ministry said in Tokyo today.
The gains may […]

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Honolulu employment services firm ProService Hawaii has named Glenn Roberts its new chief financial officer.
Roberts, who is a certified management accountant, previously was vice president of finance at Markettools, a San Francisco market research and technology company.
Before that, he was a director in the chief financial officer advisory services division […]

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Tesla Motors will build its next generation electric Tesla Roadster at a factory in the San Francisco Bay Area.
"We will be doing this in the Bay Area to keep better control over production," said Tesla Chairman Elon Musk, in an email to the San Francisco Business Times. "One of the mistakes that Tesla […]

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Glassware and porcelain sales shot up more than 30 percent last month at the downtown Tokyo housewares store Kenji Wako manages. “People wanted to get a bargain before prices went up,'' he says.
Japan, a nation that has seen mostly falling prices for years, is experiencing something it isn't used to: a “buy now'' […]

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China will issue three licenses for high-speed third-generation mobile phone services and called for a merger of China Unicom and Netcom, two of its four biggest telecoms providers, in a long-awaited industry revamp.
The government said on Saturday it would also call on China Telecom, the country’s biggest fixed-line telecoms carrier, to purchase wireless […]

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Hawaii was spared an increase in air fares announced by United Airlines Thursday.
United spokeswoman Robin Urbanski said increases of between 3 percent and 5 percent would apply to flights everywhere in the U.S. except to and from Hawaii.
The fare increase, aimed at offsetting rising fuel costs, is the third this […]

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