FMR LLC, which is known as Fidelity Investments and is the world's largest mutual fund company, has become the biggest shareholder in Hawaiian Airlines' parent company, according to a regulatory filing.

FMR boosted its stake in Hawaiian Holdings to 5.62 million shares during the latest quarter, giving it a 10.9 percent interest in the Honolulu-based company, Bloomberg LP data shows. Like many publicly traded companies, most of Hawaiian Holdings' top shareholders are money managers such as Fidelity.

The Boston-based mutual fund operator made its filing via a Schedule 13G, a form used to report passive holdings made for investment purposes. Hawaiian Airlines is the largest locally based air carrier in the state.

AGRICULTURE BILL ALLOTS $34M FOR ISLES

A federal agriculture appropriations bill expected to become law contains $34 million largely devoted to Hawai'i initiatives from crop research and pest control to watershed protection and flood prevention.

The bill recently approved by the Senate is expected to be signed by President Obama, according to a press release from U.S. Sen. Daniel K. Inouye, chairman of the Senate Appropriations Committee.

The largest single appropriation is $5 million to complete construction of the Pacific Basin Agricultural Research Center in Hilo, while another $5 million is to be spent improving four watersheds on Maui and the Big Island.

There are 24 appropriations in the bill related to Hawai'i, though a few of the initiatives also include Alaska and other areas outside the state that would share in the spending.

HONOLULU IN TOP 10 FOR HOTEL DISCOUNTS

Honolulu hotel room rates declined 16 percent in the past year, making it the eighth-highest discounted destination among North American cities surveyed by the Hotwire Hotel Rate Report.

Hotwire reported sun destinations dominated its October report, with Houston taking the top spot at 30 percent lower rates compared with a year ago. It was followed by three Florida cities — Jacksonville, Orlando and Miami, with Phoenix rounding out the top five.

"With the fall season comes naturally slowing leisure travel," Clem Bason, Hotwire Group president, said in a press statement. "And with business travel unable to fill that gap this year, we're seeing amazing deals at some of the most popular destinations around the country."