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24th of October 1994 News
Nyheder, som de udkom på forsiden af New York Times på 24. oktober 1994
TV News Magazine Shows Are Crowding One Another
Date: 24 October 1994
By Bill Carter
Bill Carter
News magazine programs, once in such favor that a network news president predicted one could succeed during each hour of the prime-time schedule, have suddenly become the most depressed genre in television. With ratings for nearly all the news magazines slumping (only NBC is holding its own with the format), network executives now quietly predict that two or more of the programs will be dropped before the season is over.
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Intel and CNN Set New Computer Service
Date: 25 October 1994
By John Markoff
John Markoff
The Intel Corporation and CNN will announce a new service on Tuesday that will permit business personal computer users to view CNN or CNN Headline News broadcasts on their computer screens. The new service is significant because it hints at the power of interactive television in blending personal computing and video.
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Circulation Losses Go On at New York Papers
Date: 24 October 1994
By William Glaberson
William Glaberson
The daily circulation of New York City newspapers is continuing a slide that began more than a year ago, according to new data supplied by the publishers of the four big metropolitan area papers. In the six-month period that ended Sept. 30, Newsday, The New York Times and The Daily News all saw their average weekday circulations decline from the corresponding period last year. Newsday saw particularly sharp declines in Long Island as well as New York City, with the daily circulation of its New York City edition shrinking by 37,425, or 13 percent, to 230,150.
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The Enquirer: Required Reading in Simpson Case
Date: 24 October 1994
By David Margolick
David Margolick
On the first day of jury selection, Marcia Clark, the Assistant District Attorney handling the O. J. Simpson case and cover girl of the Aug. 2 issue of The National Enquirer ("Marcia Clark's Tragic Secret Life: O. J. prosecutor's first husband shot in head after gambling scandal") approached potential juror No. 1118. "Now, you indicated that you occasionally read The National Enquirer?" Ms. Clark asked the woman, a cashier in the Los Angeles tax collector's office.
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TALKS FOR A RAILROAD'S SALE ARE ENDED
Date: 25 October 1994
By Bloomberg News
Bloomberg News
The Illinois Central Corporation and Kansas City Southern Industries Inc. said yesterday that they had ended talks for the sale of Kansas City Southern's railroad. Kansas City Southern also canceled plans to spin off its mutual funds and financial services businesses to shareholders. The companies said they had terminated a letter of intent signed on July 19 after failing to agree "on a number of issues." At the time, the stock-swap agreement was valued at about $1.63 billion. Shares of Illinois Central, which is based in Chicago, rose 87.5 cents, to $30.875, on the New York Stock Exchange. Shares of Kansas City Southern fell 75 cents, to $33.75.
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LOCKHEED AND MARTIN MARIETTA MERGER QUESTIONS
Date: 25 October 1994
By Bloomberg News
Bloomberg News
The Federal Trade Commission wants more information from the Lockheed Corporation and the Martin Marietta Corporation about the proposed $10 billion merger of the companies, Lockheed said yesterday. In a prepared statement, the company, based in Calabasas, Calif., said the request was expected. A spokeswoman for Martin Marietta, which is based in Bethesda, Md., said the companies still expected approval of the merger during the first quarter of 1995.
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NATURAL GAS CLEARINGHOUSE TO BUY TRIDENT NGL
Date: 25 October 1994
By Bloomberg News
Bloomberg News
Trident NGL Inc. has signed a definitive agreement to be acquired by the Natural Gas Clearinghouse in a transaction that would create a natural gas powerhouse with annual revenue of $3.4 billion. Shares of Trident rose 62.5 cents, to $10.625. Natural Gas Clearinghouse is a privately held partnership based in Houston and owned by a subsidiary of British Gas P.L.C., the Nova Corporation of Calgary, Alberta, and members of Natural Gas Clearinghouse's management. Under the definitive agreement, Trident, which is based in Woodlands, Tex., will pay $11.75 a share for up to 50 percent of its current outstanding common stock. In connection with that tender offer, British Gas and Nova will each indirectly contribute an additional $67.5 million in cash to the combined entity.
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DETROIT DIESEL TO BUY ITALIAN ENGINE MAKER
Date: 25 October 1994
By Bloomberg News
Bloomberg News
The Detroit Diesel Corporation said yesterday that it would buy an Italian diesel engine maker for $125 million. The company, VM Motori S.p.A., will be sold by Montagu Private Equity, an investment group that is part of the Hongkong & Shanghai Bank. The sale is expected to be completed next year. Detroit Diesel said VM was the only independent supplier of medium-duty diesel engines to the car industry.
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Gasoline Trading Revised
Date: 25 October 1994
By Bloomberg News
Bloomberg News
The New York Mercantile Exchange said yesterday that it would raise the deposits required to buy or sell futures contracts on heating oil or unleaded gasoline as of the start of business today. The exchange said it would increase the deposits, or margins, by 23 percent. Margins for heating oil and gasoline for customer accounts will rise to $2,160 from $1,755; to $1,760 from $1,430 for member accounts, and to $1,600 from $1,300 for clearing members.
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Earnings Surge For USX Units
Date: 25 October 1994
By Bloomberg News
Bloomberg News
The USX-U.S. Steel Group, the nation's largest steelmaker, said late yesterday that third-quarter earnings more than tripled, reflecting strong steel demand. Excluding gains in both periods, the company earned $58 million, or 69 cents a share, up from $15 million, or 21 cents, in the year-earlier quarter. Ten analysts polled by Zacks Investment Research expected 78 cents a share, excluding special items.
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