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Business Briefs

Reported by Star-Bulletin staff & wire

Friday, September 22, 2000

Dietrich lands pact for isle Navy homes

Dietrich Industries, part of Columbus, Ohio-based Worthington Industries Inc., said it is setting up a factory on Oahu to produce steels frames for 96 homes in the Navy's Hale Moku housing project near Pearl Harbor.

Dietrich won the supply contract from the general contractor for the housing, Harper-Neilsen-Dillingham, and the Dietrich frames will be delivered by supplier G.W. Killebrew Co. of Honolulu and erected by framing contractor Pacific Steel Construction Inc. Dietrich said it will manufacture about 500 tons of steel framing for the project.

Oceanic parent OK'd to buy GST assets

Time Warner Telecom Inc., parent of Hawaii's Oceanic Communications, has received approval from a Delaware bankruptcy court for its proposed $690 million acquisition of substantially all of the assets of GST Telecommunications Inc. The deal is expected to close within the next 60 to 90 days, Time Warner Telecom said. The deal will include a small part of GST's business in Hawaii, the firm said. GST has a fiber-optic network linking Oahu and the neighbor islands but most of that business is excluded from the current deal, the firms have said.

UH travel school gets $400,000 grant

The U.S. Department of Education has awarded a grant of $400,000 to University of Hawaii's School of Travel Industry Management to help fund a program that researches the relationship between tourism and the environment. The school said the money, for its Sustainable Tourism & the Environment Program will help expand its research and service to the tourist industry, government and community and special interest groups.

In other news . . .

Bullet BRUSSELS, Belgium - America Online Inc. and Time Warner Inc. submitted formal concessions to the European Commission in a bid to win approval for their $183 billion merger.

Bullet FORTWORTH, Texas -- American Airlines' pilots union and its leadership must pay a $45.5 million fine for ignoring a judge's order to end a 1999 work halt, a federal appeals court ruled.

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