9. mai 1995 var en tirsdag under stjernetegnet til ♉. Det var 128 dagen i året. President i USA var William J. (Bill) Clinton.
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9th of May 1995 News
Nyheter slik de dukket opp på forsiden av New York Times på 9. mai 1995
International Briefs; Murdoch Said to Seek 3 Italian TV Channels
Date: 09 May 1995
By Bloomberg News
Bloomberg News
The News Corporation Ltd., Rupert Murdoch's media conglomerate, is negotiating to buy majority control of Italy's three leading television channels from Fininvest S.p.a., headed by the former Prime Minister, Silvio Berlusconi, according to an Italian business newspaper, Il Sole/24 Ore. Last month, Mr. Berlusconi told the monthly magazine Liberal that the News Corporation had expressed interest in acquiring Fininvest's television stations. On Saturday, Il Sole/24 Ore said, without identifying a source for the information, that negotiations were at an advanced stage.
Full Article
GEORGIA-PACIFIC PLANS TO BID FOR RIVERWOOD
Date: 10 May 1995
By Bloomberg News
Bloomberg News
The Georgia-Pacific Corporation is planning a $1.34 billion bid for the Manville Corporation's controlling stake in the Riverwood International Corporation, according to those involved in the negotiations. Georgia-Pacific, one of the nation's largest forest-product companies, based in Atlanta, would pay $25 a share for Manville's 81.5 percent stake in Riverwood, a maker of boxes for Sara Lee pies and cardboard six-packs for Coca-Cola and Miller Brewing -- a subsidiary of Philip Morris Inc. -- according to those involved. Shares in Riverwood rose $1.125 yesterday, to $24.625, a 52-week high, on the New York Stock Exchange.
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SONAT OFFSHORE IN NEW TALKS WITH READING & BATES
Date: 09 May 1995
By Bloomberg News
Bloomberg News
Sonat Offshore Drilling Inc. said yesterday that it had had more talks with the Reading & Bates Corporation about the possibility of combining operations after two failed bids to buy the oil service company. Reading & Bates last month rejected a revised $520 million tender offer for its shares. Sonat Offshore's second bid was for $8.40 a share, and the original offer, made in February, was $7.50 a share. Reading & Bates has aimed to become a leader in putting together floating production systems that allow oil companies to extract oil from prospects more than 1,000 feet deep.
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WHIRLPOOL SHARES FALL ON 2D-QUARTER WARNING
Date: 10 May 1995
By Bloomberg News
Bloomberg News
The shares of the Whirlpool Corporation fell 7 percent yesterday after the company warned that second-quarter sales and earnings might not match levels of the corresponding period last year. The shares fell $4, to $50, after Goldman, Sachs & Company traded a block of one million shares at $50. David Whitwam, chairman of Whirlpool, and Ralph Hake, executive vice president of the company's North American Appliance Group, issued the earnings warning in a presentation to analysts in Longboat Key, Fla. Mr. Whitwam told analysts that this year's comparisons with last year's second-quarter results "will be difficult."
Full Article
SCHWAB TO OFFER SERVICES OVER INTERNET BY SUMMER
Date: 09 May 1995
By Bloomberg News
Bloomberg News
The Charles Schwab Corporation will offer financial services over the Internet within the next few months, Charles Schwab, its chairman, said yesterday at its annual meeting. Each attending shareholder was given a copy of Fundmap, software that helps customers shop for mutual funds. The company previously established Telebroker, an interactive telephone service that now accounts for 55 percent of Schwab's brokerage customer contacts. The technological edge, combined with discount services, helped Schwab increase its customer equity 28 percent last year to $123 billion. In the first quarter, the company said, earnings rose a half-percent to $38.4 million, or 44 cents a share, from $38.2 million, or 43 cents, in the corresponding period in 1994. Mr. Schwab credited the growth largely to his company's mutual fund operations. He said he hoped to expand the discount brokerage service into Germany.
Full Article
NOVO NORDISK CLEARED TO SELL GROWTH HORMONE IN U.S.
Date: 10 May 1995
By Bloomberg News
Bloomberg News
Novo Nordisk A/S of Denmark has become the first European drug maker cleared to sell its human growth hormone in the United States. The genetically engineered hormone is used to treat children who are not growing fast enough. The drugs have led to controversy, with some public interest groups contending that the condition is overtreated. The approval from the United States Food and Drug Administration means that the Danish drug maker will compete for market share against the two established United States makers of human growth hormones: Genentech Inc. and Eli Lilly & Company. The United States market is estimated at $300 million to $400 million a year.
Full Article
INTERACTIVE TV VENTURE NAMES ITSELF TELE-TV
Date: 10 May 1995
By Bloomberg News
Bloomberg News
The interactive entertainment venture backed by three regional Bells and the Hollywood talent agency Creative Artists has been named TELE-TV. Nynex, Bell Atlantic and Pacific Telesis Group and Creative Artists plan to a start in late 1996 of their interactive venture, which will broadcast over the companies' broadband and wireless networks in six of the nation's top seven media markets. Bell Atlantic, Nynex and Pacific Telesis serve more than 30 million homes in cities that include New York, Boston, Philadelphia, Washington, San Francisco and Los Angeles.
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GENERAL MILLS DIPS AS SPINOFF OPENS AT LOW PRICE
Date: 10 May 1995
By Bloomberg News
Bloomberg News
The stock of General Mills Inc. fell yesterday after its restaurant spinoff brought a price from investors that was less than expected. Shares in the parent company, which makes Cheerios and Wheaties, fell $1.125, to $59.875, on trading of 1.2 million shares. Stock in Darden Restaurants Inc. closed at $9.75 in its first day of trading on a when-issued basis, instead of the $12 to $13 a share expected by Wall Street analysts. A share of Darden, which owns the restaurant chains of Red Lobster, the Olive Garden and China Coast, will be distributed May 28 for each share of General Mills as of the record date, May 15.
Full Article
GEICO TO BUY BACK UP TO 7 MILLION COMMON SHARES
Date: 10 May 1995
By Bloomberg News
Bloomberg News
The Geico Corporation, the insurance company, said yesterday that it would buy back as many as seven million common shares over time, depending upon market conditions. The buyback would include 3.28 million shares remaining under the board's previous authorization. The company has more than 68 million shares outstanding. Geico's stock closed up 50 cents, at $54.875, on the New York Stock Exchange.
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International Briefs; Stora Profit Up 72%
Date: 09 May 1995
By Bloomberg News
Bloomberg News
Stora Kopparbergs Bergslags A.B., a Swedish company that is Europe's second-largest forestry concern, said yesterday that its first-quarter pretax profit jumped 72 percent, to 1.84 billion kronor ($257 million), as global recovery enabled the paper and pulp powerhouse to raise prices and still increase sales.
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