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19th of October 1993 News
Nyheder, som de udkom på forsiden af New York Times på 19. oktober 1993
One More Shortage in Haiti: News
Date: 19 October 1993
By Garry Pierre-Pierre
Garry Pierre-Pierre
Minutes after a United States warship was spotted a few miles offshore on Sunday, the quiet streets of this capital city suddenly came alive as people scurried to get some news. Radio stations did not interrupt their musical programs to give a special report. Newspapers did not run any special editions the next day. The only radio station broadcasting news on Sunday, Radio Tropic, simply told its listeners that two United States ships were visible at sea.
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INSIDE
Date: 20 October 1993
More Suffering for Haiti While sanctions against Haiti are sure to increase hardship, it is unclear whether they will force leaders to restore democracy. Page A3. Higher Bills for Governments Local governments would have to pay more than private companies do to insure workers under the Clinton health plan, officials said. Page A18. Movie Stunt Dropped The Walt Disney Company said it would delete a scene in "The Program" after a teen-ager was killed copying the stunt. Page A21. Drug Companies to Cut Jobs Pfizer, American Cyanamid and Upjohn plan to eliminate a total of 7,000 jobs, with many of the cuts coming in New York and New Jersey. Page D1.
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Topics of The Times; Let There Be Light
Date: 20 October 1993
In a welcome reversal, the White House has announced that future appearances by President Clinton at major political fund-raising dinners will be open to the press -- the same sound policy followed by Presidents Reagan and Bush. The move responds to criticism of the press lockout imposed by the White House when Mr. Clinton mingled with lobbyists and fat cats at the Democratic Senatorial Campaign Committee's recent $1,500-a-head fund-raising dinner. This was an awkward stance for an Administration supposedly committed to open government.
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Florio's Ratings Slipping in Poll, But He's Ahead
Date: 20 October 1993
By Iver Peterson
Iver Peterson
Gov. Jim Florio's standing with the voters has begun to erode in New Jersey's race for governor, according to the latest New York Times/WCBS-TV News poll, but he still maintains a commanding lead over Christine Todd Whitman. With less than two weeks to go before the Nov. 2 election, the poll shows Governor Florio leading Mrs. Whitman 49 to 34 percent among registered voters, a lead that is wider still among those who said they will definitely vote. But his performance rating has slipped, his trust rating has slipped and so has his reputation for honesty and integrity. Nearly two-thirds of the respondents think their taxes would go up if he is re-elected.
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Forstmann's New Partner
Date: 20 October 1993
By Bloomberg News
Bloomberg News
Forstmann Little & Company, a New York investment firm, said yesterday that it had hired Paul Stern, former chairman of Northern Telecom Ltd., as a special limited partner who would play a role in acquisitions. Mr. Stern, who is 54, was also named a director of the Gulfstream Aerospace Corporation, one of the seven companies owned or controlled by Forstmann Little.
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AMERICAN AND DELTA AIRLINES IN TALKS WITH SABENA
Date: 20 October 1993
By Bloomberg News
Bloomberg News
Belgium's national airline, Sabena, has been talking with American Airlines and Delta Air Lines about a possible alliance, a Sabena spokesman said yesterday. The goal is to cut traffic between Brussels and the United States by sharing flights with an American partner already serving that market, he said.
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CHIPCOM WILL ACQUIRE ARTEL IN A STOCK SWAP
Date: 19 October 1993
By Bloomberg News
Bloomberg News
The Chipcom Corporation agreed yesterday to buy the Artel Communications Corporation of Hudson, Mass., in a stock swap valued at about $45.9 million. Chipcom, based in Southborough, Mass., will issue 674,000 new shares for all of Artel's shares and keep in reserve an additional 226,000 shares to cover warrants and options. Chipcom has 9.7 million shares outstanding, said Robert P. Badavas, vice president of finance and chief financial officer. Based on a Chipcom stock price of about $51 a share, the acquisition is valued at more than $45 million. Shares of Chipcom fell $2.25, to $50.50, in Nasdaq trading while Artel's stock dropped $1.0625, to $3.0625.
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WELLPOINT TO BUY UNICARE FINANCIAL FOR $154 MILLION
Date: 19 October 1993
By Bloomberg News
Bloomberg News
Wellpoint Health Networks said yesterday that it would acquire the Unicare Financial Corporation for $29 a share in cash, or about $154 million. Wellpoint, based in Woodland Hills, Calif., is the largest for-profit managed care company in California, with 2.3 million members. Unicare, based in Irvine, Calif., underwrites workers' compensation insurance through its Unicare Insurance Company unit. Shares of Unicare soared $7.875, to $27.625, on the New York Stock Exchange, where the gain of almost 40 percent was the biggest of the day. Wellpoint's stock slipped 25 cents, to $26.50.
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MYLAN LABS SAYS IT HAS RECEIVED TAKEOVER INQUIRIES
Date: 20 October 1993
By Bloomberg News
Bloomberg News
Mylan Laboratories Inc., a generic drug powerhouse with a current market value of almost $2.4 billion, said yesterday that it had received takeover inquiries. "Some major drug companies have approached us," Patricia Sunseri, a Mylan spokeswoman, said. "Any talks we're having are confidential." Mylan, based in Pittsburgh, is the nation's largest independent generic drug company. Mylan's stock closed yesterday at $29.50 a share, down 87.5 cents, on the New York Stock Exchange.
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TANDY IS SELLING MAGNETIC TAPE DIVISION FOR $65 MILLION
Date: 19 October 1993
By Bloomberg News
Bloomberg News
Continuing to divest itself of its manufacturing operations, the Tandy Corporation said yesterday that it would sell its magnetic tape division for about $65 million. The electronics retailer declined to disclose the buyer for its Memtek Products unit, best known for making Memorex audio tape and videotape.
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