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Date: 03 August 1993
By Bloomberg News
Bloomberg News
The stock of Hamptons Bancshares rose 50 percent yesterday, the biggest jump of the day in Nasdaq trading. The shares added $4, to $12, after it was disclosed that a group of big investors had urged Hamptons to negotiate a deal with a regional banking company that reportedly wants to buy the Southampton, L.I., company.
Date: 03 August 1993
By Bloomberg News
Bloomberg News
The Dart Group Corporation's board named Ronald Haft president and chief operating officer today, two months after his older brother was ousted from those positions. Herbert Haft, 72, forced his older son, Robert Haft, 40, out of the family-controlled companies, including Dart, the Crown Books Corporation and the Trak Auto Corporation, in June.
Date: 03 August 1993
By Bloomberg News
Bloomberg News
First Fidelity Bancorp said yesterday that it had signed a definitive agreement to buy the Greenwich Financial Corporation of Greenwich, Conn., for $41.9 million in cash. Greenwich Financial shareholders will receive $16 for each share, or about 126 percent of the company's value of $12.65 a share on June 30. Greenwich Financial's shares jumped $3.75 yesterday, to $15. The gain of 33.3 percent was the third best of the day in Nasdaq trading.
Date: 03 August 1993
By Bloomberg News
Bloomberg News
The K-III Communications Corporation said yesterday that it had acquired three trade magazines from Wiesner Inc. that serve the screen-printing and embroidery industries. K-III, set up by the New York investment firm of Kohlberg, Kravis, Roberts & Company to acquire media properties, is buying The Press, Stitches and Tinta e Hilo. The price was not disclosed. The magazines will be part of K-III's Intertec Publishing.
Date: 03 August 1993
By Bloomberg News
Bloomberg News
The shares of the Lincoln National Corporation rose 9.1 percent yesterday after an insurance industry analyst raised his earnings estimates for the company and issued a buy recommendation on its stock. The stock of the insurer, based in Fort Wayne, Ind., closed up $3.625 at $43.50 on the New York Stock Exchange.
Date: 03 August 1993
By Bloomberg News
Bloomberg News
Bausch & Lomb Inc. said yesterday that it had completed the acquisition of Dahlberg Inc., a maker of hearing aids, for $139 million. Bausch & Lomb paid $21 a share for each of Dahlberg's 6.6 million shares outstanding. Dahlberg, founded in 1948 and based in Golden Valley, Minn., had net income of $4.8 million in 1992, up from $3.8 million a year earlier. Bausch & Lomb, based in Rochester, develops and makes personal health, medical and optical products.
Date: 02 August 1993
By Bloomberg News
Bloomberg News
The McDonnell Douglas Corporation said Friday that its president and chief operating officer, Gerald A. Johnston, would retire at the end of the year because of continued ill health. Mr. Johnston, 62, returned to work at the aircraft, weapons and space-systems manufacturer in October 1992 after a yearlong case of pancreatitis.
Date: 03 August 1993
By Bloomberg News
Bloomberg News
The General Motors Corporation posted a 9.9 percent increase in sales of domestically made cars in mid-July, the company said today. The report caused the annual sales rate for the entire industry to be revised to 6.7 million, from 6.4 million for the period. Other United States auto makers reported their mid-July sales figures July 23. G.M., the industry leader, which makes up about 43 percent of the domestic market, did not report sales because of a companywide vacation in the last two weeks of July.
Date: 03 August 1993
FIELDCREST CANNON INC., Eden, N.C., completed the sale of its carpet division to Mohawk Industries, Atlanta, for $140 million in cash.
Date: 03 August 1993
International A2-9 NATO THREATENS AIR STRIKES Under U.S. pressure, the NATO allies threatened to bomb Bosnian Serb forces that are tightening a noose around Sarajevo, if the United Nations requested such action. A1 U.S. ASSERTS ROLE IN NATO News Analysis: Worried about the deteriorating position of the Bosnian Muslims and stung by criticism that it is indecisive, the U.S. is seeking to reassert its primacy in NATO. A1