Arianna Huffington's wings clipped at AOL The good news for Arianna Huffington is that she gets to keep her share of the $315 million that AOL shelled out for her website. The bad news is her duties as editrix of the once-mighty Web conglomerate are being scaled back. Way back. When AOL boss Tim ... 05/3/2012 - 1:00 pm | View Link
The High Technology Development Corp. has graduated three Hawaii startups from its Manoa Innovation Center incubator.
The three companies will move into their own headquarters and continue their aims to develop and grow.
The Collective, a startup created by Hawaii fashion designers Allison Izu Song and Summer Shiigi, will move to a retil space at Ward Village.
Lyft and Hertz are building on an existing agreement to supply low-cost rentals to potential drivers, as companies race to meet demand for ride-hailing services through strategic partnerships.
Lyft has maintained an existing partnership with Hertz since November 2015, when it launched the rental program on a pilot basis in Las Vegas and Denver.
General Electric confirmed Thursday that it will close its locomotive turbocharger manufacturing plant in Latham, New York within the next year.
GE Transportation Engine Systems employs 48 people at the suburban Albany plant. Declining demand for remanufactured turbochargers for Electro-Motive Diesel Inc. locomotives led to the decision to shut down the factory near Albany International Airport.
"We needed to cease domestic production on the power assemblies because maintaining and operating a…
In the latest surprise from fallen favorite Zenefits, CEO David Sacks has given Series C investors a bigger stake in the company to compensate them for its shrinking valuation of just $2 billion — less than half what it was just over a year ago.
Investors put $500 million into the then-high-flying health care insurance and benefits startup last May, which at the time gave them an 11 percent stake in a venture valued at $4.5 billion.
In return, Zenefits is requiring that those investors agree…
United Launch Alliance shed 350 jobs through a combination of voluntary departures and layoffs locally and at its other U. S. sites Thursday.
The Centennial-based company offered buyouts to employees in March, seeking to cut as much as 10 percent of its work force nationwide as it restructures and cuts costs.
"We accepted 240 employees requesting voluntary layoffs to mitigate the number of impacted employees," said a company statement from Jessica Rye, a ULA spokeswoman.
Hawaiian Electric Industries Inc. saw its stock price tumble nearly 5 percent, or about $1.70 per share, on Thursday, the day after Hawaii's governor named a new member to the the state regulatory commission expected to issue on the $4.3 billion sale of HEI subsidiary Hawaiian Electric Co. to Florida's NextEra Energy Inc.
Hawaiian Electric Industries’ stock price opened on the New York Stock Exchange at $34.41 per share on Thursday, one of the highest points its seen in recent years.