Monday 06th of February 2012 04:55:00 PM Could Hawaii ever hope to host the Super Bowl?

Sunday’s Super Bowl in Indianapolis was filled with dramatic plays in a hotly contested game that went down to the wire. It paled in comparison to the Pro Bowl played at Aloha Stadium the week before. With the all-star game in limbo, could Honolulu actually host a Super Bowl? If it came down to the one requirement mentioned by NFL commissioner Roger Goodell in an interview on NBC Sports Network, the Gathering Place is officially in the running. In his one-on-one interview with Bob Costas, the comish said he’d consider a city that had at least 25,000 hotel rooms...

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Monday 06th of February 2012 04:48:00 PM Rumors swirl as NFL considers Pro Bowl's future in Hawaii

The rumor mill is really going regarding Hawaii’s only professional football game — the NFL Pro Bowl. The Associated Press reported that NFL Commissioner Roger Goodell is talking about sacking the game altogether following the Jan. 29 score fest at Aloha Stadium, which the American Football Conference all-star players won over the National Football Conference by a score of 59-41. “We are going to either have to improve the quality of what we are doing in the Pro Bowl or consider other changes, or even consider eliminating the game if that is the kind of quality of game we are going to provide,” the AP quoted Goodell as saying...

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Monday 06th of February 2012 04:43:00 PM Hoku Corp. gets loan-term extension

Hoku Corp. said Monday that the maturity date of $50 million in loans from a Chinese investor has been extended for one year until the first quarter of 2013. Honolulu-based Hoku (Nasdaq: HOKU) said the $20 million and $30 million two-year loans provided by Tianwei New Energy Holdings Co., Ltd. through China Construction Bank in early 2010 were scheduled to mature this quarter. China’s State Administration of Foreign Exchange, which approved the extensions, also preauthorized Tianwei and China Construction to extend the maturity date another year to the first quarter of 2014...

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Monday 06th of February 2012 04:36:00 PM FTA: Honolulu may spend $185M on rail project

Honolulu received assurance Monday from the Federal Transit Administration that it may spend $184.7 million to start heavy construction for its $5.1 billion rail transit project ahead of final approval for an anticipated $1.55 billion in federal funding. The assurance was contained in a “Letter of No Prejudice” from the FTA delivered to the City and County, according to a statement from Hawaii’s congressional delegation. The letter will allow the city to begin construction on the foundation and pillars for the concrete elevated railway on the West Oahu-Farrington Highway and Kamehameha Highway segments of the route, Sens...

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Monday 06th of February 2012 04:03:00 PM Smooth sailing for Hawaii cruise ship industry

Last year was a big year for Hawaii’s cruise ship industry, with 124,456 cruise ship visitors coming to the Islands and spending a collective $34 million. And the number of cruise ships seen docked at Honolulu Harbor over the last several weeks means that 2012 appears to be generating plenty of cruise ship activity for the Islands already. In its recent year-end report on visitor statistics, the Hawaii Tourism Authority said October and December were particularly robust months for the cruise ship industry thanks to a shift in cruise ship itineraries that boosted arrivals...

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Monday 06th of February 2012 03:53:00 PM Kauai home sales, prices flat in January

Home sales on Kauai were flat in January, as were prices, according to statistics from Hawaii Information Service. There were 30 single-family homes sold on the Garden Isle last month, which was just one more than the 29 sold in January 2011. The median price of a single-family home last month was $402,500, which was 4 percent less than the $421,000 median price in January 2011. There were 21 condominiums sold in January, which was one more than the 20 units sold in January 2011, and the median price of a condo was flat at $270,000.

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Monday 06th of February 2012 03:06:00 PM Big Island home sales off to a slow start

The median price of a Big Island single-family home in January dipped by 4 percent to $231,000, but the price of a condominium rose 11 percent to $200,000, according to statistics from Hawaii Information Service. Sales volume was down for both single-family homes and condos last month when compared to January 2011. Single-family home sales dropped by 9.5 percent in January to 95 sales. The number of condos sold last month dropped by 19 percent to 35 units.

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Monday 06th of February 2012 02:38:00 PM Hawaiian Telcom Holdco’s stock up 8%

Hawaiian Telcom Holdco’s stock gained nearly 8 percent on a day when local issues finish mixed. The Dow Jones Industrial Average, meanwhile, lost 17.1 points, or 0.13 percent, in Monday trading to close at 12,845.13, while the Nasdaq lost 3.67 points, or 0.13 percent, to close at 2,901.99. Gainers: Alexander & Baldwin Inc. (NYSE: ALEX) closed at $48.66, up 51 cents, or 1.06 percent; Barnwell Industries Inc. (AMEX: BRN) closed at $2.84, up 10 cents, or 3.65 percent; Hawaiian Electric Industries Inc...

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Monday 06th of February 2012 01:35:00 PM Hawaiian Telcom’s parent to refinance $300M in debt

Hawaiian Telcom Holdco Inc. said Monday it plans to refinance $300 million in existing debt. The holding company for Hawaiian Telcom plans to refinance a term loan that matures on Oct. 28, 2015, by refinancing an existing $300 million credit facility, Hawaiian Telcom Holdco (Nasdaq: HCOM) said in a statement. “The credit markets appear to have improved, and we believe conditions now are favorable for us to pursue refinancing of our existing credit facility under improved terms,” President and CEO Eric K...

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Monday 06th of February 2012 09:23:00 AM Bank of Hawaii to close three branches in April

Bank of Hawaii plans to close three free-standing branches on Oahu and the Big Island April 27 and open three new in-store branches within supermarkets this year. The Honolulu Star-Advertiser reports that Bank of Hawaii's plan to close its branches at Aikahi Park Shopping Center and Laie on Oahu and the Kohala branch on the Big Island, is part of a larger trend toward moving to in-store branches, and that the bank plans to open one in-store branch on Oahu and two on the Neighbor Islands later this year...

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