A private equity firm that controls some of Hawai'i top hotels will become a shareholder in Hawaiian Telcom Inc. Cerberus Capital Management LP on Tuesday filed papers in U.S. Bankruptcy Court saying it acquired more than $7.6 million of Hawaiian Telcom's bank debt from from JPMorgan Chase Bank. More »

Visitor industry leaders yesterday pointed to signs of economic rebound next summer but cautioned that a more sustained recovery could take years. "Everything is pointing in the right direction," industry consultant Joseph Toy said of recent improvements in visitor arrivals and hotel occupancy. More »

Hawai'i's unemployment rate remained at 7.2 percent for a second consecutive month, though it may go higher before the end of the year as the state and other employers reduce payrolls. The U.S. Bureau of Labor Statistics released unemployment numbers for states yesterday showing Hawai'i's seasonally adjusted rate for October was the same as September's. More »