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Business Briefs

Reported by Star-Bulletin staff & wire

Monday, November 20, 2000

Iolani teacher wins award from Nasdaq

Richard Kenneth Rankin of Iolani School today was named one of five regional high school teachers to win the first round of the Nasdaq national teaching awards competition.

The awards, created through a grant of the Nasdaq Educational Foundation to the National Council on Economic Education, recognize the teaching of business principles. The five regional winners will receive $10,000, while one grand national award winner to be selected from them will receive an additional $15,000. All five winners will be honored in New York on April 23. More than 200 teachers from 41 states competed this year.

Time Warner's plan may help AOL merger

WASHINGTON -- Time Warner Inc. announced an agreement today to carry No. 2 Internet provider EarthLink Inc. on its high-speed cable systems in a move that could help the company secure regulatory approval for its pending merger with America Online. Time Warner also said the deadline for the antitrust review of its deal with AOL has been extended to mid-December, giving the Federal Trade Commission added time to examine this latest development.

The deal reached today means that subscribers to Time Warner's high-speed Internet cable service will be able to select EarthLink -- and not just AOL -- as their online provider.

The EarthLink arrangement won't take effect until Time Warner and AOL receive regulatory approval and close their deal -- which the companies expect to happen at year's end or early in 2001. Time Warner also must complete its negotiations to get out of an exclusivity deal with Internet provider Road Runner.

Coca-Cola considers buying Quaker Oats

ATLANTA -- Coca-Cola Co. has held talks to buy Quaker Oats Co., which rejected a $14.8 billion offer from PepsiCo Inc. two weeks ago, the Wall Street Journal and New York Times reported in their online editions. Quaker Oats' board met this weekend to discuss bids from Coca-Cola and France's Group Danone SA, the papers said, both citing anonymous sources. Coke's offer topped Pepsi's and Danone's, the Financial Times said in its online edition. Coca-Cola's board is expected to meet tomorrow to discuss a potential deal.