Tuesday, January 16, 2001
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AOL Time Warner chairman Steve Case says contrary to rumors about layoffs, the company is looking to expand its current workforce of 85,000. See story.

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Japan economic indicator warns of slowdown
New concerns emerged that the world's second-largest economy may be slipping back into recession after a key sign of capital spending fell yesterday — one of the main drivers of economic growth in Japan last year.

AOL Time Warner leaders: 'A lot of high fives'
AOL Time Warner chairman Steve Case and CEO Gerald Levin say there's little to fear from the new media colossus they have created with the merger of America Online and Time Warner.

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State's stock in Internet company plunges
Shares of Digital Island, in which the state made a substantial investment in 1997, have dropped from a high of $148 to $4.66. Still, the state has sold enough shares at higher prices to assure itself of a profit.
IRS eases rules on using IRA money
Millions of retirement savers and their beneficiaries just received an unexpected gift from the Internal Revenue Service: simplified rules for withdrawing money.
Electronic billboards ride on taxi cabs
A Massachusetts company is putting electronic billboards on taxis. The boards are linked to a satellite and change their messages minute by minute, depending on what part of town they're in.
Star-Bulletin editor moves to Black Press
John Flanagan, editor and publisher of the Honolulu Star-Bulletin, resigned yesterday to work for Black Press Ltd., the company scheduled to take over the afternoon newspaper March 15.
Retailers face grim forecast for early 2001
Coming off of what many believe was the worst holiday shopping season in at least six years, retailers are expecting their sales slump to continue for the first six months.
Nestle to pay $10 billion for Ralston Purina
Swiss consumer giant Nestle today is expected to announce it is buying dog chow maker Ralston Purina for $10.1 billion in cash, people familiar with the matter say.
Page Posted On: Tuesday, January 16, 2001
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