Mum was the word this weekend on talk of a three-way telecommunications merger and an Alaskan oil selloff. Perhaps people are starting to take Sundays off for a change?

Amid renewed discussions over their planned acquisition of

U.S. West

(USW)

, the top executive and biggest investor at

Qwest Communications

(Q)

are looking to sell their company,

The New York Times

reported Saturday. Germany's

Deutsche Telekom

(DT) - Get Report

, rumored to be interested in buying both companies, did not make any announcements concerning such an offer this weekend.

Meanwhile, Deutsche Telekom has made an offer for the U.K.'s

Cable & Wireless

(CWP)

,

The Sunday Business

newspaper in London reported.

SBC Communications

(SBC)

also was reported to have made an offer.

BP Amoco

(BPA)

is in talks with three oil companies interested in buying the Alaska operations of

Atlantic Richfield

(ARC) - Get Report

,

The Sunday Telegraph

in London reported. The newspaper named

Conoco

(COC.A)

,

Chevron

(CHV)

and

Royal Dutch/Shell

(RD)

as the interested parties. BP is planning the divestiture to avert a court battle with the

Federal Trade Commission

, which has objected to its proposed merger with Arco on antitrust grounds.

Industry sources also tell

Reuters

that because high oil prices have boosted the value of Arco's Alaskan assets, any BP takeover would likely be reduced in scope.

The FTC, meanwhile, may challenge the joint purchase of industrial-gas maker

BOC Group

(BOX) - Get Report

by

Air Products and Chemicals

(APD) - Get Report

and France's

L'Air Liquide

, sources tell

Bloomberg

. The news agency says FTC lawyers are skeptical that the companies will be able to divest themselves of plants, as government regulators are asking.

In the race to break the computer-processing speed limit,

Advanced Micro Devices

(AMD) - Get Report

of Sunnyvale, Calif., announced Monday it has begun shipping one gigahertz processors. Analysts told

Reuters

they were also expecting

Intel

(INTC) - Get Report

to announce a one gigahertz processor this week.

The United Arab Emirates will buy 80 F-16 fighters from

Lockheed Martin

(LMT) - Get Report

TST Recommends

for $6.4 billion, both sides announced. The planes will be shipped from 2004 to 2007.

Toyota

(TM) - Get Report

plans to buy a 5% stake in

Yamaha Motor

, the Japanese business daily

Nihon Keizai Shimbun

reported Monday. The automaker plans to buy the shares from top shareholder

Yamaha

for 10 billion yen, or $92.7 million, the newspaper said.

Coca-Cola

(KO) - Get Report

could feel the sting of South Carolina's tourism industry. The

National Association for the Advancement of Colored People

is considering a boycott of the beverage giant following African-American employees' allegations of discrimination and racism,

Reuters

reported. Since Jan. 1, the

NAACP

has waged a tourism boycott of South Carolina because of the Confederate flag atop the Statehouse.

Unable to reach an agreement with 18,000 striking workers,

Boeing

(BA) - Get Report

announced Sunday that it would impose the terms of its final offer. The company's engineers have been on strike since Feb. 9.

Stocks climbed in early trading in Tokyo. The

Nikkei

index was up 204.97 points to 20,132.51, an increase of 1.03%.

In the Papers

Food made with genetically modified crops will not be allowed to be sold under the organic label under the new rules the U.S. Department of Agriculture plans to announce within the next few days,

The New York Times

reported Sunday. The regulations also bar irradiation and the use of sewage sludge as fertilizer in organic-labeled food, the newspaper said.

The cover story in the latest issue of

Barron's

questions whether

Clear Channel Communications'

(CCU) - Get Report

buying binge may be slowing. The company, which last week announced it was acquiring

SFX Entertainment

(SFX)

, faces the same challenges confronting the radio industry as a whole: competition from satellite radio and small broadcasters.

Vodafone AirTouch

(VOD) - Get Report

may well be the world's largest company by 2003, with 100 million customers and a market capitalization of $1 trillion or more, an analyst predicts in

Barron's

. The company's successful takeover of Germany's

Mannesmann

(MNNSY)

makes it the only true worldwide wireless company, the news magazine notes.

Barron's

also features an interview with Tony Orphanos, manager of the

Howard Equity Fund

in New York. His stock picks include

NetSpeak

(NSPK)

,

Nycomed Amersham

(NYE)

,

Novell

(NOVL)

,

Bank One

(ONE) - Get Report

and

Merck

(MRK) - Get Report

.

David Rheingold is a New York-based freelance writer. At the time of publication he was long Intel, although holdings can change at any time.