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The Honolulu Advertiser
Updated at 3:21 p.m., Thursday, September 4, 2008

Alexander & Baldwin stock moving to NYSE

Alexander & Baldwin Inc. plans to shift the trading of its stock from the NASDAQ market to the bigger New York Stock Exchange next month.

Shares of the Honolulu-based company are expected to begin trading on the Big Board under a new symbol, AXB, starting Oct. 1.

The move by A&B, which is engaged in transportation, real estate and agribusiness industries, will be the second stock exchange switch made by one of Hawai'i's publicly traded companies this year. In April, Maui Land & Pineapple Co. moved its stock listing to the NYSE from the American Stock Exchange.

To celebrate A&B's move, company representatives are scheduled to ring the opening bell on the exchange floor on Oct. 23.