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23rd of November 1994 News
Nyheter slik de dukket opp på forsiden av New York Times på 23. november 1994
Resisting O.J.-itis
Date: 23 November 1994
By Trip Gabriel
Trip Gabriel
EARLY next year, when the O. J. Simpson trial kicks off in earnest and full-time coverage returns to television, J. W. Johnson vows that the Cottonwood Cafe will be an O. J.-free zone. He will not tune the cafe's television to Court TV, nor will he lend an ear to barflies who wish to dissect the latest about Cato Kaylin or Marcia Clark's skirt lengths. "I just can't take it anymore," said Mr. Johnson, an owner of the cafe, on Bleecker Street in Greenwich Village. "This morning when I was eating breakfast, watching CNN, they came on with jury selection and I flipped it to another channel."
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Journal; Celebrity Turkey Shoot
Date: 24 November 1994
By Frank Rich
Frank Rich
Is it possible -- if almost too much to hope for -- that the same angry, depressed, back-to-business electorate behind the revolt of '94 is also throwing out incumbent celebrities? Note the following phenomena, all of which occurred just before or after the D-Day of Nov. 8:
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COMPANY NEWS;
Date: 23 November 1994
By Bloomberg News
Bloomberg News
The Southern New England Telecommunications Corporation, known as SNET, said yesterday that it had agreed to buy certain cellular properties from the Bell Atlantic Corporation and the Nynex Corporation for $450 million in cash. The cellular properties are in Rhode Island, Massachusetts and Connecticut, next to areas where the SNET Mobility wireless unit now provides cellular services. After the purchase, SNET, based in New Haven, will have 192,000 customers.
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SAMSUNG IS PLANNING $9.38 BILLION IN INVESTMENTS
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Samsung, South Korea's largest conglomerate, said in Seoul today that it would invest $9.38 billion in building plants for semiconductors, automobiles and other products and in developing new technology next year. The group said the amount represented a 50 percent increase over this year's total investment. A total of $2.69 billion will be spent on building plants for high-memory semiconductors. About $1.69 billion will be invested in plants for home appliances and advanced liquid crystal displays. Samsung also plans to participate in large Government projects to build ports, railroads and roads.
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DIANA BID FOR GOVERNMENT TECHNOLOGY IS REJECTED
Date: 24 November 1994
By Bloomberg News
Bloomberg News
The Diana Corporation said yesterday that it offered to buy Government Technology Services Inc. in September for $16 a share, or $107 million, but was rebuffed. In a filing with the Securities and Exchange Commission, Diana also said that it controlled 6.1 percent of Government Technology, a much larger company that resells computer equipment to government agencies and others. A spokesman for Diana, a distributor of meat, seafood and telecommunications equipment based in Milwaukee, said the company had not decided on its next move. Government Technology, based in Chantilly, Va., said it rejected Diana's offer because it was not firm enough. Shares of Government Technology rose $1.375, to $12.125, in Nasdaq trading.
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Group Seeks A Bridge for PC Systems
Date: 24 November 1994
By Bloomberg News
Bloomberg News
I.B.M., AT&T, Apple and Siemens will announce next Wednesday a plan to create a universal communication language for computers and computer networks. The agreement would standardize the way that computers talk to each other, erasing the communications difficulties between a notebook computer, for example, and an office network of personal computers.
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COOKSON AND JOHNSON MATTHEY ABANDON MERGER TALKS
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Cookson Group P.L.C. and Johnson Matthey P.L.C., the British materials and metals companies, called off merger discussions yesterday, only a week after the talks were announced. The two companies, however, plan to continue their joint venture, Cookson Matthey Ceramics, which began operations earlier this year. A merger would have created a $3.9 billion company.
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FORT HOWARD TO GO PUBLIC AS PART OF RECAPITALIZATION
Date: 24 November 1994
By Bloomberg News
Bloomberg News
The Fort Howard Corporation, one of the nation's biggest paper products companies, said yesterday that it would go public as part of a $1.6 billion recapitalization. The company, which makes Mardi Gras paper napkins and Soft 'N Gentle toilet paper, filed with the Securities and Exchange Commission to raise about $300 million by selling 13.1 million shares of common stock. Fort Howard plans to use the proceeds, along with bank loans, to redeem and prepay $1.54 billion of outstanding debt securities and bank debt. Fort Howard, based in Green Bay, Wis., has been closely held since a $3.7 billion leveraged buyout in 1988 led by Morgan Stanley & Company.
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NEW STOCK REPURCHASE PLAN IS APPROVED AT MERCK
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Merck & Company, the giant pharmaceutical concern, said yesterday that its directors had approved the repurchase of up to $2 billion of Merck common stock. The approval comes as Merck nears completion of a January 1993 plan to buy back $1 billion of stock. The company said it would buy shares on the open market and through privately negotiated transactions, using the shares for employee benefit plans and other purposes. Merck, based in Whitehouse Station, N.J. has 1.26 billion shares outstanding. They closed down $1.25 yesterday, at $35.75, on the New York Stock Exchange.
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BIOCHEM DROPS SALE OF NORTH AMERICAN VACCINE SHARES
Date: 24 November 1994
By Bloomberg News
Bloomberg News
Biochem Pharma Inc. said yesterday that it was dropping plans to sell 4.25 million shares of North American Vaccine Inc. Biochem Pharma, a maker of vaccines, diagnostic equipment and drugs based in Laval, Quebec, owns 10.9 million shares, or 38 percent, of North American Vaccine. North American Vaccine, based in Beltsville, Md., develops vaccines for childhood diseases. The company's shares fell 12 percent on Tuesday after the National Institutes of Health disclosed results of a study that suggested that the company's whooping cough vaccine was less effective than others already on the market. North American Vaccine's shares rose 87.5 cents yesterday, to $10.875, on the American Stock Exchange.
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