Alexander & Baldwin Inc. has been in business 141 years, and for most of that time the kamaaina company has stood on three legs, each representing a major industry closely tied to Hawaii — agriculture, shipping and real estate. The stool has been pretty sturdy, enabling the Honolulu-based company to realize or improve gains from...
One of Hawaii’s last venerable Big Five companies, Alexander & Baldwin Inc., could be under pressure to break itself up. A New York hedge fund manager known to agitate for change in his investment targets bought nearly 10 percent of A&B along with a partner, it was announced yesterday. The purchase triggered expectations the 141-year-old...
Alexander & Baldwin Inc. earnings were about flat in the last three months of 2010, but bigger gains earlier in the year enabled the diversified Honolulu-based company to more than double its full-year profit. A&B reported 2010 net income of $92.1 million, up from $44.2 million the year before. Fourth-quarter net income was $20.2...
SAND ISLAND (HawaiiNewsNow) – Hawaii’s largest shipment of Christmas trees from the mainland is here. On Sunday morning, inspectors combed through them and they found some creatures who came along for the joy ride. A salamander, some tree frogs, and a cricket are among the hitchhikers in this season’s shipment of Christmas trees. But...
After a year and a half of review, the Public Utilities Commission has granted Pasha Hawaii Transport Lines authority to carry cargo between island ports, provisionally through the end of 2013. Pasha (pronounced PAY-sha, the name of the California family that owns the privately held business) sails the MV Jean Anne to Kahului every...
Alexander & Baldwin Inc. said it earned $28.9 million, or 70 cents per share, in the second quarter. President Stan Kuriyama called it “a strong second quarter” compared with the $12.6 million earned in the second quarter of 2009. Revenue was $398.9 million, compared with $351.0 million for the year before. On Maui, Hawaiian...