4. april 1995 var en tirsdag under stjernetegnet for ♈. Det var 93 dag på året. Præsident for USA var William J. (Bill) Clinton.
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4th of April 1995 News
Nyheder, som de udkom på forsiden af New York Times på 4. april 1995
Aid to Fledgling Magazine
Date: 04 April 1995
U.S. News & World Report will invest in a new magazine aimed at young people in business called Fast Company, a spokesman for U.S. News said yesterday. The magazine is being started by two former editors of the Harvard Business Review, Alan Webber and William Taylor. A test issue of the magazine in November 1993 was well received, the U.S. News spokesman said. U.S. News will help with distribution and advertising for the new magazine, which expects to publish two issues next fall and then begin a regular publishing schedule next year.
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Clinton Edges Congress in Amount of Television Coverage, Study Says
Date: 04 April 1995
By Katharine Q. Seelye
Katharine Seelye
Contrary to conventional wisdom, the Clinton Administration has received more coverage on the three major television networks during the first three months of 1995 than the new Republican-controlled Congress has received, according to a new survey. The study, conducted by the Center for Media and Public Affairs, a nonpartisan research group based in Washington, found that the three networks' evening news programs spent a combined 11.9 minutes on the Administration every night from January through March, while they spent a combined 10.5 minutes on the 104th Congress.
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Colombian Press Feels Heat for Linking President to Drug Lords
Date: 05 April 1995
An increasing number of press reports in Colombia linking President Ernesto Samper and former campaign aides with major drug traffickers has put the Government at odds with some members of the local press. On Monday, Mr. Samper's Cabinet issued a statement criticizing the opposition newspaper La Prensa for reports suggesting that Mr. Samper's campaign received donations from members of the Cali drug trafficking ring. The letter was made public after La Prensa published a composite picture of Mr. Samper and the police mug shot of the former Panamanian leader, Gen. Manuel Antonio Noriega.
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ITT SELLS LOAN BUSINESS TO TRANSAMERICA
Date: 04 April 1995
By Bloomberg News
Bloomberg News
The ITT Corporation confirmed yesterday that it had sold its home equity loan business to a subsidiary of the Transamerica Corporation for $1.03 billion, continuing the sale of ITT's financial services unit. Transamerica, based in San Francisco, said the purchase price was roughly equivalent to the portfolio's book value, or its assets minus liabilities. ITT said it would realize net proceeds of about $30 million from the transaction. The deal, with 40,000 home equity loans, is expected to strengthen Transamerica's position as one of the nation's four largest nonbank consumer lenders.
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INGERSOLL-RAND NOMINATES DIRECTORS FOR CLARK
Date: 05 April 1995
By Bloomberg News
Bloomberg News
The Ingersoll-Rand Company nominated new directors yesterday for the Clark Equipment Company, a day after beginning a hostile $1.34 billion tender offer for Clark, a maker of construction machinery based in South Bend, Ind. Clark elects all seven members of its board at the same time. The votes will be taken at the company's annual meeting on May 9. Ingersoll-Rand, based in Woodcliff Lake, N.J., nominated directors who favored its cash offer of $77 a share in hopes of gaining control of the board and eliminating Clark's "poison pill" takeover defense adopted in 1987. The Clark board said the company was not for sale and filed an antitrust suit to block the Ingersoll-Rand bid.
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TIMBERLAND SEES LOWER-THAN-EXPECTED RESULTS
Date: 04 April 1995
By Bloomberg News
Bloomberg News
The Timberland Company said yesterday that it expected results for the first and second quarters to be "significantly below" analyst expectations. The outdoor footwear and apparel company blamed a weak retailing environment and continued gross margin pressure. The company, based in Stratham, N.H., did not give an estimate for its earnings. The company released the news after the market closed. Timberland, whose stock was above $85 in November 1993, closed yesterday at $26.125, up 50 cents, on the New York Stock Exchange.
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TOKYO AND MITSUBISHI BANK BOARDS APPROVE MERGER
Date: 04 April 1995
By Bloomberg News
Bloomberg News
The Bank of Tokyo and Mitsubishi Bank said yesterday that their boards had approved their proposed merger. The deal, which was announced last Tuesday, would create the world's largest bank. Under the terms of the merger, which were outlined yesterday, each share of the Bank of Tokyo would be exchanged for 0.8 Mitsubishi share. In addition, Mitsubishi's shareholders would receive another 0.05 share for every share they own. The president of the Bank of Tokyo, Tasuku Takagaki, will become president of the merged bank; the president of Mitsubishi Bank, Tsuneo Wakai, will become the bank's chairman. "We will be equivalent in making decisions not only for the merger but also at a new bank," Mr. Takagaki said. Completion of the merger is expected as early as Oct. 1.
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CINCINNATI BELL TO REPORT A LOSS IN FIRST QUARTER
Date: 05 April 1995
By Bloomberg News
Bloomberg News
Cincinnati Bell Inc. said yesterday that it expected to report a first-quarter loss, after a pretax charge of $70 million to $100 million. Cincinnati Bell, a telecommunications billing and marketing services company based in Cincinnati, said the charge was a result of a larger-than-expected number of employees taking early retirement. Cincinnati Bell Telephone, which provides local phone service for Cincinnati Bell, said in February that it would eliminate about 800 management and hourly positions by 1997. Shares of Cincinnati Bell rose 25 cents, to $21.50, on the New York Stock Exchange yesterday.
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A SECOND 2-FOR-1 STOCK SPLIT FOR AMERICA ONLINE
Date: 04 April 1995
By Bloomberg News
Bloomberg News
America Online Inc. will split its shares 2 for 1 on April 13, the second such split in six months. America Online, a provider of on-line computer services based in Vienna, Va., said yesterday there would be about 35 million shares outstanding after the split. In November, the company had another 2-for-1 split. Since early that month, its shares have more than doubled, from $34.625. The shares were up $2.50 yesterday, at $76.75, in Nasdaq trading of more than 1.2 million shares. America Online provides electronic mail, news, software and chat lines to more than two million customers.
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INGERSOLL-RAND BEGINS HOSTILE TENDER OFFER FOR CLARK
Date: 04 April 1995
By Bloomberg News
Bloomberg News
After having its merger offer rebuffed, the Ingersoll-Rand began a hostile $1.34 billion tender offer for the Clark Equipment Company, a maker of construction machinery. The cash offer of $77 a share came less than a week after Ingersoll-Rand disclosed that Clark had rejected its bid of $75 to $77 a share. Clark said the company was not for sale and filed an antitrust suit to block the bid. Clark stock was unchanged yesterday at $82.50 in New York Stock Exchange trading. Clark said Ingersoll-Rand was offering less than its true worth.
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