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Reported by Star-Bulletin staff & wire
Friday, January 14, 2000
Hawaiian joining travel Web site
Hawaiian Airlines Inc. and 22 other U.S. and foreign carriers have signed up to participate in a new travel Web site being set up by four U.S. leaders, United Air Lines, Delta Air Lines, Northwest Airlines and Continental Airlines.All the airlines will offer discounted Internet-only fares, said Boston Consulting Group, which is putting it together.
The Web site, which has yet to be given a name, will operate independently of the airlines and in competition with such existing sites as Travelocity.
Matson seeking Jones Act exception
Matson Navigation Co. has asked the U.S. Maritime Administration for a Jones Act exemption so it can take two ships intended for foreign trade and put them into West Coast-Hawaii service with a stop in Canada.The Jones Act, which keeps foreign ships out of the U.S. domestic trade, also forbids ships built with a federal subsidy from carrying cargo between U.S. ports.
Matson said today it believes it should be allowed to use the subsidy-built ships, taken from its joint operation with APL Ltd. on the West Coast-Guam-Asia route, in the new service because they will make a foreign stop in Canada.
Intel shares soar on earnings report
SANTA CLARA, Calif. -- Intel Corp. shares jumped 13.2 percent today to a record after the world's No. 1 computer chip maker reported after yesterday's market close that fourth-quarter earnings topped the most optimistic forecasts.Intel closed up $12 to $103.06 in Nasdaq trading of more than 92 million shares, making it the most active U.S. stock. It was the stock's biggest one-day gain since October 1987. Earlier, the shares reached $106.62. Intel's stock has risen 25.2 percent this year.
In other news ...
LONDON -- Glaxo Wellcome Plc and SmithKline Beecham Plc said they had reopened merger talks to create what would be the world's biggest pharmaceutical company worth around $189 billion.