11. januar 1995 var en onsdag under stjernetegnet for ♑. Det var 10 dag på året. Præsident for USA var William J. (Bill) Clinton.
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11th of January 1995 News
Nyheder, som de udkom på forsiden af New York Times på 11. januar 1995
Offers Made For Chemical Branches
Date: 11 January 1995
By Bloomberg News
Bloomberg News
The Chemical Banking Corporation has received offers of more than $550 million for the dozens of New Jersey branches it wants to sell in an effort to cut costs and improve profits. Several banks have made preliminary bids for the more than 80 Chemical branches in southern and central New Jersey. A bid by First Fidelity Bancorp is considered to be the strongest, bankers familiar with the sale said. The Corestates Financial Corporation is another strong bidder, they said.
Full Article
B.A.T. TO TRIM JOBS AT AMERICAN TOBACCO
Date: 12 January 1995
By Bloomberg News
Bloomberg News
The Brown & Williamson Tobacco Corporation, the United States subsidiary of B.A.T. Industries P.L.C. of Britain, said yesterday that it would cut as many as 1,680 sales, administrative and research jobs as it consolidates the operations of the American Tobacco Company. B.A.T. bought American Tobacco last month from American Brands Inc. and merged it with Brown & Williamson, based in Louisville, Ky. Brown & Williamson said yesterday that it had laid off about 1,230 full-time sales employees, of which 150 would be offered part-time positions. The company plans to eliminate another 450 research and administrative support jobs by phasing out American Tobacco operations in Chester, Va., and Stamford, Conn. Some of those employees will be offered new positions, the company said.
Full Article
HALLMARK TO REFOCUS MARKETING OF GREETING CARDS
Date: 12 January 1995
By Bloomberg News
Bloomberg News
Hallmark Cards Inc. said yesterday that it would place a greater emphasis on selling its greeting cards through mass merchandisers. Retailing analysts said Hallmark was responding to competitive pressures and changing buying patterns. Jeffrey S. Stein, and analyst at McDonald & Company, said that more than 90 percent of greetings cards were bought by women, and that working women were increasingly doing one-stop shopping in discount and drug stores rather than in Hallmark specialty stores. Irvine O. Hockaday, chief executive of the closely held company, said the new focus could result in work-force reductions, but he said layoffs were not planned. Hallmark, based in Kansas City, Mo., has about 21,000 employees.
Full Article
NEXTEL PACT WITH ONECOMM MAY BE IN JEOPARDY
Date: 12 January 1995
By Bloomberg News
Bloomberg News
Nextel Communications Inc. may not complete its merger with the Onecomm Corporation because the transaction could violate the company's debt provisions, according to a filing by Nextel with the Securities and Exchange Commission. Under the company's agreements with its debt holders, Nextel must generate a certain amount of operating cash flow or have a ratio of debt to total market capitalization of 30 percent or less. If the transaction were completed today, Nextel, a wireless services provider based in Rutherford, N.J., would violate these stipulations. Nextel and Onecomm are considering actions to avoid setting off any debt default, the filing said. Shares of Nextel fell $2.1875, to $10.8125, in Nasdaq trading, while those of Onecomm dropped $3.3125, to $9.6875.
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I.B.M. AND KOMATSU NEAR COMPUTER ACCORD
Date: 11 January 1995
By Bloomberg News
Bloomberg News
I.B.M. and Komatsu Ltd., a Japanese machinery manufacturer, are close to an agreement on the joint development of computers using the Power PC chip, the companies said early today. "We are well on the way to an agreement," a spokesman for I.B.M. Japan, Mac Jeffery, said, adding that the proposal focused on the development of computer software and hardware for use in factory automation systems. Komatsu would become the fifth Japanese company to join the Power PC alliance, following Matsushita Electric Industrial, Canon, Hitachi and Toshiba. The Power PC, jointly developed by the International Business Machines Corporation, Motorola Inc. and Apple Computer Inc., is aimed at competing against chips made by the Intel Corporation.
Full Article
APPLE COMPUTER SHARES RISE ON TAKEOVER SPECULATION
Date: 12 January 1995
By Bloomberg News
Bloomberg News
Shares of Apple Computer Inc. rose 7 percent yesterday on renewed speculation about a possible takeover. The stock gained $3.0625, to $46.75, on Nasdaq volume of 7.8 million shares. Dan Dorfman, a business news correspondent for CNBC, said an analyst at Hambrecht & Quist, Bruce Lupatkin, had told him that the International Business Machines Corporation would eventually acquire Apple for $60 a share. Both Apple and I.B.M. declined to comment. Shares of I.B.M. fell 62.5 cents, to $76, on the New York Stock Exchange.
Full Article
XTRA SHARES RISE ON COMMENTS BY LARGEST SHAREHOLDER
Date: 12 January 1995
By Bloomberg News
Bloomberg News
Shares of the Xtra Corporation rose 10 percent after the Tiger Management Corporation, the company's largest shareholder, said it would explore ways of increasing the stock's value, including a possible sale of the company. Shares of Xtra rose $4.625, to $50.50, in Nasdaq trading. "We have the highest regard for the management of Xtra," John Griffin, president of Tiger Management, said in a filing with the Securities and Exchange Commission. "They have done an outstanding job for the company." Tiger Management owns about 25 percent of the 16.9 million shares of Xtra outstanding.
Full Article
Johnson & Johnson Unit Plans a Guilty Plea
Date: 11 January 1995
By Bloomberg News
Bloomberg News
The Ortho Pharmaceutical subsidiary of Johnson & Johnson said today that it would plead guilty to destroying documents related to a Federal investigation into whether the unit wrongly sold its acne medicine as a wrinkle cream. Johnson & Johnson, the medical supplies and pharmaceutical giant based here, said it expected to pay a total of $7.5 million in fines -- $5 million in damages and $2.5 million to cover the cost of the Federal inquiry.
Full Article
I.B.M. Plans To Buy Back Stock Issue
Date: 11 January 1995
By Bloomberg News
Bloomberg News
The International Business Machines Corporation said yesterday that it would buy back the 44.58 million shares outstanding of its series A preferred stock for $25 a share, or more than $1.1 billion. The preferred stock, issued in May 1993, is the only preferred stock I.B.M. has ever issued. Preferred shares are typically offered when a company's common stock price is low and it wants to make an equity offer more attractive, analysts said.
Full Article
COLUMBIA/HCA TO ACQUIRE 3 HOSPITALS IN CHICAGO AREA
Date: 11 January 1995
By Bloomberg News
Bloomberg News
The Columbia/HCA Healthcare Corporation said yesterday that it would acquire three hospitals in the metropolitan Chicago area for an undisclosed amount. Columbia/HCA, the nation's largest hospital operator, said it had signed a letter of intent to purchase La Grange Memorial Hospital, Chicago Osteopathic Hospital and Medical Center, and Olympia Fields Osteopathic Hospital and Medical Center. Separately, Columbia/HCA Healthcare announced that it would move its headquarters to Nashville from Louisville, Ky. It currently owns and operates 199 hospitals and 128 outpatient surgery centers in 34 states, England and Switzerland.
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