12. januar 1994 var en onsdag under stjernetegnet for ♑. Det var 11 dag på året. Præsident for USA var William J. (Bill) Clinton.
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12th of January 1994 News
Nyheder, som de udkom på forsiden af New York Times på 12. januar 1994
Books of The Times; Reporting on a Life of Reporting From the Front
Date: 13 January 1994
By Herbert Mitgang
Herbert Mitgang
Live From the Battlefield From Vietnam to Baghdad: 35 Years in the World's War Zones. By Peter Arnett Illustrated. 463 pages. Simon & Schuster. $23. This is fame: While Peter Arnett was broadcasting from Baghdad, Iraq, for the Cable News Network during the Persian Gulf war, delivering the news from the enemy capital that was heard and seen around the world, he learned from a Vatican reporter that the Pope wanted to meet him. And an Ankara reporter told him that women in Turkey were naming their children after him, "even the females."
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LONDON FOG AND PACIFIC TRAIL TO MERGE
Date: 13 January 1994
By Bloomberg News
Bloomberg News
The London Fog Corporation and Pacific Trail Inc. said yesterday that they would merge. Terms of the transaction were not disclosed. London Fog, which is owned by the venture capital subsidiary of Merrill Lynch & Company, manufactures men's and women's raincoats and outerwear. Pacific Trail, based in Seattle, is owned by GKH Partners of Chicago and makes jackets, skiing and outdoor apparel and some ski and sporting goods. Pacific Trail is expected to report 1993 sales of about $60 million, while London Fog, based in Eldersburg, Md., has about $350 million in annual sales.
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SEQUENT PLANS FOURTH-QUARTER CHARGE
Date: 12 January 1994
By Bloomberg News
Bloomberg News
Sequent Computer Systems Inc. said yesterday that it would set up two new divisions and take a fourth-quarter charge of $15 million to $20 million. The charge will pay for eliminating about 5 percent of the company's jobs and writing off some assets. Sequent, which is based in Beaverton, Ore., employed 1,640 people at the end of the third quarter.
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MERCEDES-BENZ TO ELIMINATE FEWER JOBS
Date: 12 January 1994
By Bloomberg News
Bloomberg News
Mercedes-Benz said yesterday that it would cut 8,000 jobs this year, rather than the 14,000 that it announced in August. "The reason is that many more employees than expected have taken up the offer of early retirement in 1993," a company spokesman said. That allowed the company to cut 11,400 jobs last year, instead of 8,400 as planned. The auto maker also agreed last month with German unions to freeze layoffs in return for more flexibility on working hours.
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CONDITIONAL APPROVAL WITHDRAWN FOR UTILITIES' MERGER
Date: 13 January 1994
By Bloomberg News
Bloomberg News
Saying statements made by the companies were inaccurate, the Federal Energy Regulatory Commission yesterday withdrew its conditional approval of a $1.6 billion merger between the Cincinnati Gas and Electric Company and PSI Resources Inc. The commission said its decision came after the two utilities reversed themselves on a key point. According to the commission, before it gave tentative approval in August, the companies said the regulatory commissions in the affected states -- Kentucky, Indiana and Ohio -- would have the right to rule on the proposal. Subsequently, however, the utilities informed the Federal commission that the proposal did not require approval from the states. The case will now move to a settlement judge, who will try to broker an agreement within 60 days.
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PHILLIPS TO SELL CATALYST SUBSIDIARY TO IMCERA UNIT
Date: 13 January 1994
By Bloomberg News
Bloomberg News
The Phillips Petroleum Company said yesterday that it planned to sell its catalyst subsidiary to a company owned by Imcera Group Inc., ending Phillips's presence in the chemical catalyst business. The subsidiary, Catalyst Resources Inc. of Houston, will be sold to the Mallinckrodt Specialty Chemicals Company of Chesterfield, Mo. Terms of the agreement, which was announced after the close of stock trading, were not disclosed. Shares of Phillips closed down 62.5 cents, to $29.125, while shares of Imcera increased 12.5 cents, to $34.875, on the New York Stock Exchange.
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COPIER BUSINESS ISN'T FOR SALE, KODAK CHIEF SAYS
Date: 13 January 1994
By Bloomberg News
Bloomberg News
George M. C. Fisher, the new chief executive of the Eastman Kodak Company, has decided that the company will hang on to its copier business. Quashing more than a year of speculation, Mr. Fisher said, "Our copy products business is not for sale, and we have no plans to sell it."
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I.B.M.'S METAPHOR UNIT TO LAY OFF 20% OF ITS WORKERS
Date: 13 January 1994
By Bloomberg News
Bloomberg News
Metaphor Inc., a software company owned by the International Business Machines Corporation, said yesterday that it would lay off one-fifth of its approximately 400 employees. The layoffs will affect the company's administrative, marketing, sales, services and development staffs, the company said in a statement. They will take effect on Friday.
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Savings Bond Sales Rise
Date: 13 January 1994
By Bloomberg News
Bloomberg News
United States savings bond sales rose to $983 million in December, up 26 percent from $778 million in November, the Treasury Department said today. Savings bonds held by Americans for 1993 were valued at $171.9 billion, an increase of 9 percent over $157.3 billion a year earlier.
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Oil Land Sales
Date: 13 January 1994
By Bloomberg News
Bloomberg News
The Parker & Parsley Petroleum Company said today that it would sell its interests in some Colorado and New Mexico properties to Meridian Oil Production for $44 million. The investments in properties in the San Juan Basin were among assets acquired in November from Prudential Securities Inc. for $491 million. The company did not disclose how many properties were involved or if they were producing oil or gas.
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