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Business Briefs

Reported by Star-Bulletin staff & wire

Friday, June 2, 2000

State leads mission for Taiwan trade

A state trade delegation was to leave today for a 10-day visit to Taiwan. State officials and isle business leaders will promote Hawaii's high-tech industry and showcase education and training capabilities.

The goal is to build on previous trade missions to Taiwan in the past three years, said Seiji Naya of the Department of Business, Economic Development & Tourism. There are new business opportunities for Taiwan companies looking to expand to the United States, Naya said.

Northwest shares fly on buyout report

ST. PAUL, Minn. -- Northwest Airlines Corp. shares rose 22 percent today after a Minnesota television station reported that the carrier is in talks to be bought by AMR Corp., parent of American Airlines.

Northwest climbed $6.37 to close at $35.44 on Nasdaq. KSTP-TV in St. Paul, citing unnamed "well-placed" sources, said AMR Chairman Don Carty and Northwest CEO John Dasburg discussed a transaction. The airlines declined to comment on the report.

UAL Corp. last week unveiled a plan to buy US Airways Group Inc. for $11.6 billion, creating an airline with 6,500 daily flights spanning the U.S. and with a broader reach in Europe and Asia. American Airlines, the second-largest carrier after UAL's United, is seeking more routes and passengers to compete with its proposed new rival, analysts said. This latest potential merger could bring added Justice Department scrutiny to the UAL-US Airways deal, analysts said.