Spiller av mandag 8. februar 1993

8. februar 1993 var en mandag under stjernetegnet til . Det var 38 dagen i året. President i USA var William J. (Bill) Clinton.

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8th of February 1993 News

Nyheter slik de dukket opp på forsiden av New York Times på 8. februar 1993

Press Notes

Date: 08 February 1993

By William Glaberson

William Glaberson

STEVEN HOFFENBERG, who wants to buy The New York Post, is the latest in a long line of successful businessmen to be seduced by the idea of becoming a newspaper publisher. Right away, he proved that it's not as easy as it looks. There were gasps all around when he used his first few interviews to declare an end to negative news stories.

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Israeli Soldiers Seize Palestinian Journalists

Date: 08 February 1993

Israeli soldiers arrested two Palestinian journalists and their assistant today while they were covering anti-Israel street protests in Gaza City. According to the Israeli Army, the three Palestinians were held for police investigation after refusing to leave an area that had been declared a closed military zone during the demonstrations. An army spokesman said the authorities were investigating whether the men had incited protesters.

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Israel Army in Gaza Releases 2 Arab Journalists and Aide

Date: 09 February 1993

The Israeli Army released two Palestinian journalists and their assistant today, a day after they were detained while covering street clashes in the Gaza Strip. The army said on Sunday that the three men had ignored an order to leave a closed military area, and that they were also being investigated for possible charges of incitement.

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INSIDE

Date: 09 February 1993

Prosecutor Assails Bush The Iran-contra prosecutor suggested that President George Bush pardoned Caspar Weinberger because Mr. Bush did not want to face questions about his conduct. Page A17. Military Offers Budget Cuts The Pentagon proposed budget cuts that include retiring about 10 Navy ships and submarines and cutting about 180 Air Force planes. Page B6. Dropping H.I.V. as Exclusion The Administration is preparing to remove infection with the AIDS virus from the list of conditions that restrict people from entering the United States, officials said. Page A17.

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S.E.C. Is Suing Buyer Seeking New York Post

Date: 09 February 1993

By Diana B. Henriques

Diana

The Securities and Exchange Commission filed a civil suit yesterday accusing the New York-based Towers Financial Corporation and its chairman, Steven Hoffenberg, of operating a fraud that used false financial statements to sell more than $400 million in securities. The accusation appears to raise serious doubts about Mr. Hoffenberg's bid to purchase The New York Post, calling into question whether he will be considered a viable buyer of the nation's oldest daily newspaper, although he said yesterday that he planned to proceed. [ Page B3. ]

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Post's Suitor Says Lawsuit By S.E.C. Won't Stop Him

Date: 09 February 1993

By William Glaberson

William Glaberson

Steven Hoffenberg said yesterday that he signed a contract over the weekend to buy The New York Post and that the Securities and Exchange Commission suit against him would not stop him from becoming The Post's new owner. Although the S.E.C. sought a freeze of Mr. Hoffenberg's personal and business assets, the Federal judge hearing that case yesterday refused to order the freeze immediately and scheduled a hearing for Feb. 24. Mr. Hoffenberg could complete his purchase of the newspaper before the court considers the freeze request.

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Records Link Buyer of Post To a Swindler

Date: 08 February 1993

By Diana B. Henriques

Diana

Federal court records in Manhattan show that Steven Hoffenberg, the prospective new publisher of The New York Post, knowingly used a confessed swindler to help him sell stock in his flagship company, the Towers Financial Corporation, in ways that violated Federal securities laws. Mr. Hoffenberg's negotiations to take over the Post have focused public attention on his financial empire, whose accounting methods are being investigated by the Securities and Exchange Commission and whose business practices have been the target of numerous civil lawsuits.

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GEOTEK INDUSTRIES WILL MERGE WITH UNIT

Date: 09 February 1993

By Bloomberg News

Bloomberg News

Geotek Industries, based in Ramsey, N.J., will merge with its 62 percent owned unit, Powerspectrum Inc., in a transaction valued at $29 million to $34.8 million. Geotek will issue about 5.8 million shares of stock at $5 to $6 a share to buy the 38 percent stake in Powerspectrum from the CMS Companies and two other minority shareholders. About 4.7 million of the new shares will be restricted for up to three years.

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MORNINGSTAR IS BUYING NESTLE UNIT

Date: 09 February 1993

By Bloomberg News

Bloomberg News

Morningstar Group Inc., based in Dallas, signed a definitive agreement yesterday to buy Favorite Foods, a specialty dairy products unit of Nestle U.S.A. Terms of the transaction were not disclosed. Favorite Foods, based in Fullerton, Calif., posted sales of $44 million in 1992. The addition of Favorite Foods will expand Morningstar's lines of sour cream, cottage cheese and other cream products.

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KEMPER SECURITIES DISMISSES 150 EMPLOYEES

Date: 09 February 1993

By Bloomberg News

Bloomberg News

Kemper Securities Inc. dismissed about 150 employees and plans to cut more to pare costs at the nation's 10th-largest brokerage firm, people at the company said. "We aren't as profitable as we need to be, so we're taking steps to reduce expenses," Ellen Resnick, a Kemper Securities spokeswoman, said. She declined to say how many employees would lose jobs, but said no retail brokers would be let go. Kemper Securities reported a loss of $14.7 million for the first nine months of 1992.

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