Maui Land & Pineapple Co Inc Closes Above 200-Day Moving Average, Hits $4.95 – American Banking News

Shares of Maui Land & Pineapple Co Inc (NYSE: MLP) closed above its 200-day moving average on Friday. The stock has a 200-day moving average of $4.50 and last traded at $4.95.

Maui Land & Pineapple Company, Inc. consists of a landholding and operating parent company and its principal subsidiaries, including Maui Pineapple Company, Ltd. (MPC) and Kapalua Land Company, Ltd. As of March 29, 2010, the Company operated in two segments: Community Development and Resort. Revenues from its two segments, Community Development segment and Resort segment accounted for approximately 39% and 59% of its consolidated revenues respectively during the year ended December 31, 2009. On November 2, 2009, the Company ceased its agriculture operations.

Maui Land & Pineapple Co Inc (NYSE: MLP) traded up 10.13% during mid-day trading on Friday. The stock has a 52 week low of $2.05 and a 52 week high of $8.20. The company has a market cap of $93.8 million and a price-to-earnings ratio of N/A.

Maui Land & Pineapple Co Inc (NYSE: MLP) Closes Above 200-Day Moving Average, Hits $4.95 – American Banking News

State: Clear standing water to avoid mosquitoes

HONOLULU – After recent rains, the state Department of Health is urging people to clear standing water from areas where mosquitoes breed.

The precaution is aimed at preventing the appearance in Hawaii of mosquito-transmitted diseases, such as dengue fever, which has increased to epidemic levels this year in parts of the United States and the tropics and subtropics.

“Reducing the mosquito population can prevent the spread of serious illness from infected persons to others by way of biting mosquitoes,” said Keith Ridley, acting director of the Health Department. “Fortunately at this time, dengue fever, West Nile virus, malaria and other mosquito-transmitted illnesses are not endemic in Hawaii. We all must do all we can to protect our islands against these possible threats to public health.”

This year, five cases of dengue fever contracted outside of the state by travelers who became ill during their stay in Hawaii were investigated by the department. In 2009, six imported cases were reported, and in 2008 there were 14 imported cases.

Mosquitoes transmit the illness to people when they bite them. Symptoms include a sudden onset of fever, severe headaches, eye, joint and muscle pain, and rash. The rash typically appears on the hands, arms, legs and feet for three to four days after the fever begins. The symptoms usually go away within one to two weeks.

Sometimes people with dengue fever can develop blood-clotting problems, a condition called dengue hemorrhagic fever, a serious illness with abnormal bleeding and very low blood pressure.

Big Isle man charged in theft of exotic fruit

A 56-year-old Hilo man was charged with felony theft for stealing fruit from a Big Island farm in Hilo.

Hilo police arrested Gary Pavao at a Kaiwiki Road farm after he was caught with 14.7 pounds of longan allegedly taken without permission.

Hilo police responded to a call at 8:27 a.m. Monday and found the farm’s owners had held a trespasser allegedly caught with the fruit.

Police said that Pavao was linked to two other thefts of fruit from the same farm.

Pavao was charged with three counts of second-degree theft.

He made his initial appearance in Hilo District Court yesterday and remains in custody at the Hawaii County Correctional Center in lieu of $30,000 bail.

Longan is a tropical fruit related to the lychee.

Big Isle man charged in theft of exotic fruit – Hawaii News – Staradvertiser.com

Mizuna is a flavorful herb perfect for New Year’s tradition

This week you’ll see lots of mizuna at farmers markets and in supermarkets. Also called pot herb mustard or Japanese mustard, mizuna is a traditional ingredient in island versions of ozoni or rice cake soup consumed on New Year’s Day by families of Japanese ancestry.

Mizuna has feathery, somewhat spiky dark green leaves and a narrow white stalk. Its crisp flavor is somewhat reminiscent of mustard. Mizuna is often used in soup and stew preparations and in stir-fry mixtures, holding up well but shrinking in volume as it cooks. Buy twice as much as you think you’ll need.

Young mizuna greens are often used in mesclun, adding a nice spice to these salad mixes. Young or mature, mizuna can be eaten raw and is an excellent addition to salads throughout the year.

Hawaii food writer Joan Namkoong offers a weekly tidbit on fresh seasonal products, many of them locally grown. Look for “Fresh Tips” every Wednesday in the Star-Advertiser.

Mizuna is a flavorful herb perfect for New Year’s tradition – Hawaii Features – Staradvertiser.com

Deal means 20 years in Kimura case

WAILUKU – Wailuku businessman Lloyd Kimura pleaded guilty to four counts of securities violations in 2nd Circuit Court on Tuesday morning.

Circuit Judge Joseph Cardoza accepted a plea agreement by which Kimura will be sentenced to two 20-year terms and two five-year terms, to run concurrently.

However, it was revealed in court that Kimura also plans to enter a plea to as-yet unannounced federal charges in U.S. District Court in Honolulu on Jan. 5.

Cash-only bail of $110,000 was imposed but deferred until Jan. 6, to make it simpler for Kimura to travel to his federal arraignment.

Kimura’s Maui Industrial Loan & Finance Co., also known as Maui Finance, failed this year. He filed for business and personal bankruptcy, listing liabilities of about $23 million.

It took about 40 minutes for Kimura to plead guilty, but he had to speak only a few words: “yes” and “guilty” as Cardoza read through the formalities to make sure he understood the charges and waived his right to have his case presented to a grand jury or to have a trial.

Kimura, 61, spoke in a low, even tone. After it was over, he said he had no comment.

Maui businessman enters guilty plea to securities violations

WAILUKU Wailuku businessman Lloyd Kimura pleaded guilty to four counts of securities violations in 2nd Circuit Court Tuesday morning.

Judge Joseph Cardoza accepted a plea agreement by which Kimura, 61, will be sentenced to up to two 20-year terms and two five-years terms, to run concurrently.

However, it was revealed that Kimura also plans to enter a plea to as-yet unannounced federal charges in U.S. District Court in Honolulu on Jan. 5.

Kimura’s Maui Industrial Finance Co. failed earlier this year. He was charged with making false or misleading financial statements, and with prohibited securities practices — defrauding two couples of amounts exceeding $100,000 each.

Maui
businessman enters guilty plea to securities violations – Mauinews.com |
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Maui businessman accused of Ponzi scheme charge

State prosecutors have charged a Maui businessman accused of running a Ponzi scheme with two counts of making false or misleading financial statements and two counts of prohibited securities practices.

The state attorney general’s office said Thursday that Maui Industrial Loan & Finance Co. President Lloyd Kimura filed false or misleading statements in documents for his company.

It also alleges he defrauded two couples of at least than $100,000.

Maui Industrial has filed for Chapter 7 bankruptcy. Kimura has filed for personal bankruptcy.

Maui Industrial’s bankruptcy trustee has sued 25 of the company’s investors to recover funds, alleging the money they received was the fruit of a Ponzi scheme.

Kimura could not immediately be reached for comment.

Maui businessman accused of Ponzi scheme charged – Hawaii News – Staradvertiser.com

Charges filed against Maui businessman

WAILUKU – The state attorney general has charged Maui businessman Lloyd Kimura with two counts of prohibited securities practice and two counts of making false or misleading financial statements.

The complaint was announced in a news release Thursday evening. It had been filed in 2nd Circuit Court on Monday.

Kimura’s attorney, Phil Lowenthal, said he had been talking with prosecutors for months to reach a settlement in the collapse and bankruptcy of Kimura’s businesses.

Kimura waived a grand jury, so the charges were presented as an information, not an indictment.

Kimura, 61, is president of Maui Industrial Loan & Finance Co. and for many years operated Lloyd Y. Kimura Inc., a certified public accounting firm.

The complaint alleges that between June 30, 2008, and June 30, 2009, Kimura filed false or misleading statements and omitted statements required by law on behalf of Maui Industrial Loan. These had been filed with the Financial Institutions Division of the Department of Commerce and Consumer Affairs.

The complaint also alleges that between February 2007 and June 2009, Kimura, in connection with the offer, sale or purchase of any security, employed a scheme to defraud people in amounts greater than $100,000.

Prohibited securities practice is a class A felony with a maximum penalty of 20 years or a fine of $50,000 or both. Making false financial statements is a class C felony with a maximum penalty of five years or a fine of $20,000 or both.

Seabury Dirt Devils winners

OLINDA – The 4-H Dirt Devils of Seabury Hall will represent Hawaii in the Conservation Awareness Program national competition May 4 to 6 in Oklahoma City. The four-member team is raising funds to attend the event.

Sixty-five high school students representing Baldwin, Kamehameha Maui, Lahainaluna, Maui High, St. Anthony and Seabury competed Oct. 19 at Maui Tropical Plantation in the Maui contest that tests students on how to classify soil, analyze the slope of land and recommend best use of lands.

The 4-H Dirt Devils advanced to, and won, the state competition Nov. 30 at Kunia, Oahu.

The Hawaii Association of Conservation Districts co-sponsors the local and state contests with the Soil and Water Conservation Districts of each island, in cooperation with the University of Hawaii Cooperative Extension Service and the Natural Resources Conservation Service of the U.S. Department of Agriculture.

To help the team travel to Oklahoma, contact Maggie Kramp of the Maui Soil and Water Conservation District at 871-5500, ext. 101, or e-mail maggie.kramp@hi.nacdnet.net.

Seabury Dirt Devils winners – Mauinews.com | News, Sports, Jobs, Visitor’s Information – The Maui News