Local News - Pacific Business News

Hawaii stocks all ended down on Tuesday and three of them reached new 52-week lows as the Dow Jones industrial dropped more than 500 points. (MLP) (NUT) (AXB) (BOH) (CPF) (HE)

Mesa Air Group Inc. and the Air Line Pilots Association International reached a tentative agreement to resolve scheduling-related issues between Mesa and the pilot group.

Hawaii residents have been cutting their energy use, according to the most recent data from the Hawaii Department of Business, Economic Development and Tourism.

Mortgage companies nationwide lost an average of $560 on every loan they originated last year, according to the Mortgage Bankers Association’s 2008 cost study released Oct. 7.

The U.S. Navy and Ford Island Properties have signed an agreement to convey 499 acres of land at Kalaeloa.

Hawaiian Telcom has reached an agreement with the International Brothers of Electrical Workers Local Union 1357.

The number of home sales on the Big Island were down by more than 30 percent in September, compared to last year, while sales for the first nine months of the year posted similar results.

Coldwell Banker Pacific Properties will participate in a nationwide sales event that intends to spur home sales by persuading some sellers to drop their asking prices by 5 percent to 20 percent for 10 days this month.

Honolulu is among the two-thirds of U.S. cities now in an economic recession, according to a new analysis of the nation’s financial ills.

Shares in online auction house eBay Inc. fell near their six-year low Monday after it announced a 10 percent cut in its work force and said it agreed to acquire three companies. (EBAY) (EBAY)

BNP Paribas, parent company of First Hawaiian Bank, on Monday took over the operations of a troubled bank in Belgium and Luxembourg.

Citigroup Inc. on Monday sued Wachovia and Wells Fargo, seeking $60 billion over a merger agreement between the two banking giants that Citi asserts was reached improperly. (C) (WFC)

Bank of America Corp. has agreed to provide up to $8.4 billion to modify troubled mortgages it acquired as part of its purchase of Countrywide Financial Corp. in July. (BAC)

Waikiki Nei, the theatrical show that opened in August at the Royal Hawaiian Center, has been put on hiatus.

Scheduled airlines seats to Hawaii between October and December are expected to drop 15.3 percent.

Hiring in the manufacturing and service sectors will continue to slide in October to the lowest seasonal point in four years as the labor market endures a tough stretch, according to an organization for HR professionals.

TheBoat has canceled its second morning and second afternoon round trips Monday through Wednesday.

Heinrich Marketing Hawaii has been awarded the advertising and marketing accounts for two companies in Hawaii.

The Hawaii Department of Health has fined Mehana Brewing Co. $4,340 for violations of the state’s HI-5 beverage container deposit program.