BUSINESS BRIEFS
Mixed results for livestock
Advertiser Staff and News Services
Hawai'i's livestock sector posted mixed results in May.
Hawai'i's dairy cows produced 3.3 million pounds of milk in May, down 35 percent from a year ago. Milk production for the first five months of 2007 totaled 18.9 million pounds, down 25 percent from the same period in 2006, according to the National Agricultural Statistics Service.
Meanwhile, commercial pork production in May fell 5 percent to 316,000 pounds, compared with May 2006. Pork production for the first five months of 2007 fell 7 percent to 1.4 million pounds.
Hawai'i commercial beef production rose 5 percent from May 2006 to 582,000 pounds. Cumulative beef production through May rose 7 percent to 2.6 million pounds.
Hawai'i egg production fell 17 percent to 6.9 million in May 2007. Through May, egg production fell 19 percent to 34.2 million eggs.
BAE AWARDED $49M CONTRACT
BAE Systems Spectral Solutions LLC in Honolulu was awarded a $49 million contract for the design completion and construction of five next generation demonstration turrets with non-acoustic sensor suites.
Four will be built for the Navy and one for the government of Canada.
Work will be performed in Honolulu and is expected to be completed in June 2012.
This contract combines $46 million in purchases for the Navy and $3 million for the government of Canada under the Foreign Military Sales Program.
The contract was awarded by the Naval Air Systems Command, Naval Air Warfare Center-Aircraft Division at Patuxent River, Md.
CONRAD BLACK FOUND GUILTY
CHICAGO — Former media mogul Conrad Black was convicted yesterday of swindling the far-flung Hollinger International newspaper empire he once ran out of millions of dollars, becoming the latest in a wave of disgraced corporate executives to face prison time for financial fraud.
Black, 62, who once renounced his Canadian citizenship to become a member of the British House of Lords, was found guilty by a federal jury of three counts of mail fraud and one count of obstruction of justice for spiriting documents out of his Toronto office in defiance of a court order.
SUSPECT SAMOA REFUNDS PROBED
PAGO PAGO, American Samoa — The Internal Revenue Service is investigating suspicious refunds it issued to residents of this U.S. territory who claimed a credit island residents aren't entitled to.
The probe is similar to one in the U.S. Commonwealth of the Northern Mariana Islands that ended in May with a guilty plea in the first federal criminal income tax case on Saipan.
