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Alexander & Baldwin (ALEX)

Stock (Shipping Industry, Transportation Industry)

A&B Properties Wins Zoning Approval A 179 acre business park in Kahului, Maui received zoning approval on May 9th. A&B Reports First Quarter Income of $42.1 Million Despite rising fuel costs and lower transportation volume, A&B's quarterly income was 70% higher in the first quarter of 2008 compared to the first quarter of 2007. Most of A&B's income growth comes from the sale of Condo's in Honolulu. Hawaii Stocks Rose on Strong Wall Street Performance As strong earnings reports caused Wall Street to surge, many Hawaiian stocks rose in tandem, of which Alexander and Baldwin rose the most, by 6.4%. Senior Vice President of Matson Navigation's Pacific Division Retires Alexander and Baldwin's shipping division lost its senior vice president, Gary North. Vic Angoco was promoted to the position to fill the void.

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