Hawaiian Electric Suspends Dividend, Draws Down Credit Lines
Hawaiian Electric Industries Inc. drew down on revolving credit lines and said it would suspend its quarterly dividend as it seeks to shore up cash following the deadly wildfires in Maui.
Bloomberg Business
Nordstrom Says Theft at Historic High as Retailers Battle Crime
Losses from theft are at a historic high at Nordstrom Inc., the company’s chief executive officer told analysts, making it the latest major US retailer to call out the rise in crime at its stores.
Hawaiian Electric Faces Suits by Investors, Maui Over Fires
Hawaiian Electric Industries Inc. was hit with lawsuits by investors and Maui County claiming the utility didn’t cut power and take safety measures to contain raging flames that engulfed the city of Lahaina this month.
Roark to Borrow $5 Billion in Obscure Debt Market for Subway Deal
Private equity firm Roark Capital Group expects to borrow nearly $5 billion in a little-known debt market to help permanently fund its investment in US sandwich chain Subway, after lining up temporary funding from banks.
Gap Sales Miss Estimates, Underscoring New CEO’s Challenge
Gap Inc. reported second-quarter comparable sales and revenue that missed the average analyst estimate, underscoring ongoing weakness at the retailer’s four brands.
Republican Debate Draws 12.8 Million Viewers on Fox Channels
About 12.8 million people watched the first Republican presidential primary debate of the 2024 election season, an event that competed with an online interview former President Donald Trump gave to Tucker Carlson.
Yen Replaces Bonds in Driving Speculation of a BOJ Policy Change
The yen has eclipsed bond market liquidity as a potential catalyst for a further adjustment to the Bank of Japan’s monetary policy.
Maui Fire Probe Is Focusing On Power Equipment Near Substation
Investigators in Maui are increasingly zooming in on one particular area outside of Lahaina as a possible source of the ignition point for the deadly fire that burned the seaside town to ash and killed more than 100 people in one of the worst US natural disasters in decades.
Chicago Blames Car Makers as Thieves Livestream Thefts
Chicago Mayor Brandon Johnson has a plan to help tackle soaring car thefts in the city: Sue the automakers.
Venezuela Names Sanctioned Officials to Run 2024 Election
Venezuela’s congress approved a new electoral board Thursday dominated by senior figures from the socialist regime, including two who are sanctioned by the US Treasury.
