20. juni 1995 var en tirsdag under stjernetegnet for ♊. Det var 170 dag på året. Præsident for USA var William J. (Bill) Clinton.
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20th of June 1995 News
Nyheder, som de udkom på forsiden af New York Times på 20. juni 1995
Name-Calling a Talent In 'Mellow' North Korea
Date: 20 June 1995
By Nicholas D. Kristof
Nicholas
The latest big news is that "the U.S. imperialist war-maniacs" and the "South Korean puppets" are engaging in military maneuvers and plotting to attack North Korea, again. The last time this happened was the Korean War, a "criminal war against Korea started by the United States," and America is now "shamelessly" planning a Korean War memorial. This is "a foolish attempt to justify its provocation of the war of aggression and its murder of people."
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CHECHEN GUNMEN WHO RAIDED TOWN RELEASE HOSTAGES
Date: 21 June 1995
By Alessandra Stanley
Alessandra Stanley
Chechen gunmen who terrorized a Russian town for five days returned to their homeland in a bus convoy tonight and released their last hostages in a Chechen border town. The Chechen rebels, who had held hundreds of Russians captive in a hospital in the Russian town of Budyonnovsk, traveled into central Chechnya tonight with two buses and a refrigerated truck that carried their own dead from fighting Russian troops who twice tried to storm the hospital.
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COMPAQ INVESTS IN SPEECH-RECOGNITION COMPANY
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Compaq Computer Corporation said yesterday that it had invested in Purespeech Inc. as part of a plan to develop speech-recognition capability for its personal computers within a few years. Compaq did not disclose the size of its investment. Compaq, based in Houston, said speech recognition, which enables computers to follow spoken instructions instead of keyboard commands, would eventually become an important feature of computers. Purespeech, based in Cambridge, Mass., has developed a program that lets users "speak" to computers in simple sentences. Purespeech began marketing the program last year to companies offering high-volume telephone services.
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RJR NABISCO IS PLANNING AN EXCHANGE OF STOCK
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The RJR Nabisco Holdings Corporation said yesterday that it planned to exchange as much as $1.23 billion of new securities for expensive preferred stock in an effort to reduce financing costs. In a filing with the Securities and Exchange Commission, the company said it planned to exchange trust-originated preferred securities for as many as 49 million of its preferred shares. The one-for-one exchange will be less expensive for RJR Nabisco because the trust-originated securities are debt securities that are counted as equity on the balance sheet, people familiar with the transaction said. Debt is less expensive than preferred shares for companies because interest payments on debt are pretax expenses and reduce taxable income. RJR Nabisco could pare about $10 million from its annual costs as a result of the exchange, analysts said.
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APPLAUSE AND DAKIN TOY MAKERS TO MERGE
Date: 20 June 1995
By Bloomberg News
Bloomberg News
Applause Inc. and Dakin Inc., two closely held toy makers, agreed yesterday to merge in anticipation of a public offering to take place early next year. Terms of the agreement were not disclosed, but a spokesman said the merger will be through an exchange of stock. The new company, called Applause Enterprises Inc., will have revenue of more than $150 million in 1995. The new company is expected to be taken public as early as January.
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CHEMICAL BANKING RAISES DIVIDEND 14 PERCENT
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Chemical Banking Corporation raised its quarterly dividend 14 percent yesterday. Chemical, the nation's third-largest banking company, raised the dividend to 50 cents a share from 44 cents a share, payable on July 31 to shareholders of record on July 6. Chemical has raised its dividend four times, or a total of 66.6 percent, since March 1993. Shares of Chemical rose 75 cents, to $47.625, on the New York Stock Exchange.
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LESLIE FAY WILL NOT SELL ITS CORE BUSINESSES
Date: 20 June 1995
By Bloomberg News
Bloomberg News
The Leslie Fay Companies has abandoned efforts to find a buyer for its core businesses, saying it plans to emerge from Chapter 11 bankruptcy protection as an independent entity. The apparel company, which is based in New York, declined to comment on why it ended the sale efforts. In March, the company asked its financial adviser to explore the sale of its Leslie Fay Dress, Sportswear, Albert Nipon, Outlander and Castelberry apparel manufacturing and marketing businesses and its Leslie Fay group of 54 retail stores. Leslie Fay said it would file a bankruptcy reorganization plan by the end of July and would try to emerge from bankruptcy by the end of the year. Current shareholders' equity will probably become worthless in the reorganization, the company said.
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SPRINT TO UNVEIL COAST-TO-COAST FIBER-OPTIC LINE
Date: 20 June 1995
By Bloomberg News
Bloomberg News
The Sprint Corporation., the nation's No. 3 long-distance carrier, said yesterday it would unveil by June 30 the first coast-to-coast fiber-optic line that guarantees voice, data, image and video service without interruption. The line, known as a synchronous optical network, will transmit communications at high speeds. If the cable is cut, Sprint said, its system will reroute signals within 60 milliseconds.
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FONAR SUES SIEMENS AND PHILIPS UNITS IN PATENT CASE
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Fonar Corporation said yesterday that it had sued units of Siemens A.G. of Germany and Philips Electronics N.V. of the Netherlands, accusing them of infringing patents covering magnetic-resonance imaging technology. The suits, which were filed on Friday in Federal District Court in Hauppauge, L.I., follow Fonar's court victory last month in a patent case involving the General Electric Company. In that case, a Federal jury awarded $110.5 million to Fonar, a maker of M.R.I. machines based in Melville. L.I., after concluding that G.E. had infringed two patents. The court has not ruled yet on a motion by G.E. to overturn the verdict. Two of the four patents at issue in the latest suits are the same as those in the G.E. trial.
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P.& G. PLANNING SALE OF SOME SMALLER BRANDS
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Procter & Gamble Company said yesterday that it planned to sell about 10 minor brands to concentrate on its larger products. The brands, which include Bain de Soleil sun-care products, Fisher nuts and the Star and Dari margarine brands in the Philippines, account for less than five-tenths of 1 percent of P.& G.'s annual sales of $32 billion, or less than $160 million. P.& G., based in Cincinnati, markets more than 300 brands, including Tide detergent, Charmin toilet tissue and Crest toothpaste, in 140 countries. The company, which said in May that it would sell the Star and Dari brands to the San Miguel Company, said it was in talks with prospective buyers of Ban de Soleil and Fisher. P.& G. said it would wait to identify the other brands up for sale.
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