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Group lists who 'owns' Congress members

Posted: February 7th, 2012, 7:52pm EST

If you believe Congress members can be bought by the money that is donated to them by businesses and groups, then the National Association of Realtors owns California and Emily's List owns eight other states. MapLight, a nonpartisan research group that focuses on money and politics, released that information and a database showing the top five business and group donors to sitting members of Congress. The report was titled, "Who owns your members of Congress." Emily's List, a group that is dedicated to electing pro-choice Democratic women to office, was listed as the No...
Hawaiian Airlines posts January traffic gains

Posted: February 7th, 2012, 7:48pm EST

Hawaiian Airlines flew 6.8 percent more passengers in January when compared to last year, the Honolulu-based airline said Tuesday. Hawaiian, a subsidiary of Hawaiian Holdings Inc. (Nasdaq: HA), flew a total of 738,981 passengers last month, compared to 691,932 during January 2011. The airline’s traffic, or revenue passenger miles, rose 12.9 percent in January, while capacity, or available seat miles, rose 11.4 percent. Hawaiian’s load factor, or percentage of seats filled, was 83.4 percent, which was 1 percentage point higher than in January 2011.
Fannie Mae expands online sales of foreclosed homes

Posted: February 7th, 2012, 7:48pm EST by Jeff Clabaugh

Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide. Through its HomePath program, real estate agents can now submit offers on behalf of potential buyers online, get online confirmation and track the status of their offers through the HomePath.com website. "Collecting offers online through HomePath.com will provide greater transparency for homebuyers and their agents," said Vice President for REO at Fannie Mae Jay Ryan...
New York Life Insurance opens Maui office

Posted: February 7th, 2012, 7:46pm EST

New York Life Insurance Co.’s Hawaii operation has expanded to Maui with the opening of an office in Kahului. The 450-square-foot office at 173 Alamaha St. is managed by Ed Fabregas, who relocated from New York Life’s Dallas office to establish the company’s presence on Maui. The office also has two agents. “We’ve been serving clients across the state for more than 130 years through our Honolulu office, but being on the ground in Maui is new for our company,” Fabregas said in a statement...
Western Union Q4 profit up 86%; CEO sees ‘challenges’ in 2012

Posted: February 7th, 2012, 7:17pm EST by Mark Harden

The Western Union Co. posted sharply higher fourth-quarter profit Tuesday, with earnings in line with analysts’ expectations, but its CEO sounded a note of caution for 2012. The Douglas County-based global money-transfer company (NYSE: WU) reported results for the quarter ending Dec. 31, 2011, and full-year 2011, after the markets closed Tuesday. Western Union posted net income for the quarter of $452.3 million, or 73 cents a diluted share, up from $242.6 million, or 37 cents a share, in the same quarter of 2010...
Twitter tidbit: Bay Citizen and CIR sign letter of intent to merge

Posted: February 7th, 2012, 7:11pm EST by Chris Rauber

"It's official," The Bay Citizen announced via Twitter at mid-afternoon. "#baycitizen and #cir center for investigative reporting sign letter of intent to merge. Details to come." For context -- some say it's too long to count as a blog post -- see my earlier post today about the Bay Citizen's saga and recent struggles and its hope that a merger with the smaller Center for Investigative Reporting in Berkeley can help it survive, albeit at the cost of its independence. Now for the official version of reality...
Victory Park condos sell for $32M at foreclosure auction; retail site sells for $3.5M

Posted: February 7th, 2012, 7:10pm EST by Candace Carlisle

The majority of a Victory Park condo project was sold back to its lender for $32 million on Tuesday, along with a nearby retail site for $3.5 million at Tuesday's foreclosure auction in Dallas County. German-based lender HSH Nordbank AG purchased the project's 112 remaining condos at Continental Avenue and Houston Street and a 24,000-square-foot retail site on Houston Street. HSH Nordbank was seeking repayment on the 112 units in the condo tower and retail site for $79 million in debt and $6.5 million in debt, respectively...
Rise in home prices could shift Oahu from a buyer’s market

Posted: February 7th, 2012, 7:04pm EST by Duane Shimogawa

The newly released January 2012 Honolulu Board of Realtors statistics showing both a rise in median sales prices for single-family homes and condos could signal a shift to a seller’s market. This is especially true when looking at the steady rise of the median cost of single-family homes and condos, which has steadily increased during the past five months. The report noted that the median sales price for single family homes jumped nearly 9 percent, from $570,000 to $618,900. For condos, the median sales price climbed almost 5 percent, from $291,000 to $305,000...
Toro CEO Hoffman gets raise to nearly $5 million

Posted: February 7th, 2012, 7:03pm EST by Ed Stych

Tracking the pay of Minnesota’s business leaders Mike Hoffman CEO The Toro Co. (NYSE: TTC)Headquarters: BloomingtonBusiness: Makes lawn mowers and snow blowers. The Toro Co. (NYSE: TTC) Headquarters: BloomingtonBusiness: Makes lawn mowers and snow blowers. Total pay 2011: $4.87 million, up 9 percent2010: $4.46 million 2009: $2.46 million Base salary 2011: $848,0002010: $818,000 Bonus 2011: None2010: None Incentive pay 2011: $1.32 million 2010: $1.39 million Stock awards 2011: $1...
Robertson Properties submits draft EIS for Aiea project

Posted: February 7th, 2012, 6:58pm EST

Robertson Properties Group said Tuesday that it has submitted a draft environmental impact statement for its $767 million mixed-use development on the site of the former Kamehameha Drive-in property in Aiea. Roberston Properties proposes to rezone the 14-acre property across from Pearlridge Center for a complex that will include as many as 1,500 multifamily homes, about 143,000 square feet of retail and restaurant space, up to 80,000 square feet of office space and a possible 150-room hotel. The Los Angeles-based real estate developer last fall scaled back its original plans, which had called for three towers and a total of 1,800 homes, to include one tower surrounded by four shorter buildings...