27. oktober 1994 var en torsdag under stjernetegnet for ♏. Det var 299 dag på året. Præsident for USA var William J. (Bill) Clinton.
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27th of October 1994 News
Nyheder, som de udkom på forsiden af New York Times på 27. oktober 1994
A Cut in Price By The Post Could Signal Tabloid War
Date: 28 October 1994
By William Glaberson
William Glaberson
The New York Post is cutting its newsstand price in half to 25 cents in New York City from Monday until the day after after Election Day, a move that could signal the start of new hardball newspaper competition in the city. The nine-day price cut comes after months of hints by The Post's publisher, Martin Singerman, that the paper might slash its citywide price, which could draw the other city tabloids into a price war and costly battle for circulation.
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4 Awards for Latin American Coverage
Date: 27 October 1994
Four journalists who report on Latin America have won the 1994 Maria Moors Cabot Prizes from Columbia University for promoting press freedom and inter-American understanding. The journalists, two from the United States and one each from El Salvador and Argentina, will each receive $1,000 and a gold medal at a ceremony tonight at Columbia University. These are the four:
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Journalist as Reporter for Prosecution
Date: 28 October 1994
By Esther B. Fein
Esther
When Connecticut magazine ran an article in August in which William F. Meyer 3d detailed how he had helped his terminally ill father commit suicide three years ago in West Hartford, Conn., officials decided to reopen their investigation of the death. When they asked Karon Haller, the freelance journalist who wrote the article, to discuss the case, she agreed without hesitation. And she willingly gave them all her notes and tape recordings of her conversations with the younger Mr. Meyer.
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Paine Appoints Kidder Official
Date: 28 October 1994
By Bloomberg News
Bloomberg News
Paine Webber Group Inc. named the No. 3 executive at Kidder, Peabody & Company, Michael D. Madden, to the new position of vice chairman of Paine Webber. Mr. Madden, 45, is the highest-ranking executive to join Paine Webber since it agreed earlier this month to buy much of Kidder, Peabody from the General Electric Company for $670 million.
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Regulators Plan to Block B.A.T. Deal
Date: 28 October 1994
By Bloomberg News
Bloomberg News
The Federal Trade Commission voted today to try to block B.A.T. Industries P.L.C.'s proposed $1 billion purchase of the American Tobacco Company. The commission said the acquisition "would substantially reduce competition in the U.S. market for cigarettes, resulting in anticompetitive pricing." A spokeswoman said the commission had voted 3-to-0 to file a complaint seeking a temporary injunction in the Federal District Court in Manhattan until the case could be heard before an F.T.C. administrative law judge. The commission could seek the injunction as early as Monday.
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PENNSYLVANIA POWER TO CUT UP TO 1,500 JOBS
Date: 28 October 1994
By Bloomberg News
Bloomberg News
The Pennsylvania Power and Light Company said yesterday that it would cut 1,000 to 1,500 jobs during the next three years as part of a reorganization. The plan is the latest in Pennsylvania Power's effort to cut costs, as the power generation industry becomes more competitive. The utility, based in Allentown, has reduced the number of employees to fewer than 7,600, from 8,300, in the last three years. About 850 employees will be offered early retirement packages. The company said it could not rule out layoffs to accomplish the other job cuts.
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INTROGEN AND RHONE-POULENC IN GENE THERAPY PACT
Date: 28 October 1994
By Bloomberg News
Bloomberg News
Introgen Therapeutics Inc. signed an agreement yesterday with Rhone-Poulenc Rorer Inc. to develop gene therapy cancer products. Introgen said the agreement had a potential value to the company of up to $50 million. Rhone-Poulenc Rorer, which is based in Collegeville, Pa., and is a subsidiary of the French chemical and health products giant Rhone-Poulenc, will finance all the research and development worldwide and will receive exclusive manufacturing and commercial rights in Europe. Introgen, based in Austin, Tex., and Rhone-Poulenc Rorer will have joint promotion rights in North America, and both companies will have the right to develop and market products in Japan, Korea, India, China and Australia.
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THREAT SEEN TO B.A.T. ACQUISITION OF AMERICAN TOBACCO
Date: 27 October 1994
By Bloomberg News
Bloomberg News
Antitrust regulators at the Federal Trade Commission will recommend that the commission block the proposed $1 billion purchase of the American Tobacco Company by B.A.T. Industries P.L.C., according to a report in F.T.C. Watch, a Washington newsletter that tracks the agency. The report said the F.T.C. staff's recommendation could be made to the commissioners this week. B.A.T., based in London, said on April 26 that it would buy American Tobacco from American Brands for $1 billion in cash. The acquisition would strengthen B.A.T.'s position as the nation's third-biggest tobacco company.
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CHRYSLER TO ADD JOBS AT NEON PLANT IN ILLINOIS
Date: 27 October 1994
By Bloomberg News
Bloomberg News
The Chrysler Corporation is planning to add workers at its plant in Belvidere, Ill., because of strong demand for its new subcompact car, the Neon. A company spokesman, Mike Aberlich, declined to say how many jobs would be added until the formal announcement was made on Thursday. Chrysler's Belvidere plant now has about 3,700 workers on two shifts, and there have been reports that the company, the No. 3 United States auto maker, wants to keep the plant operating round the clock. The plant now has the straight-time capacity to build about 250,000 Neons a year, Mr. Aberlich said. By increasing overtime operations, the plant could make as many as 300,000 Neons a year, he said.
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PENNZOIL TO PAY $454 MILLION IN TAX SETTLEMENT
Date: 27 October 1994
By Bloomberg News
Bloomberg News
The Pennzoil Company said yesterday that it would pay $454 million in cash to settle a tax dispute with the Internal Revenue Service. Pennzoil, an oil exploration and development company based in Houston, said it had cash holdings of more than $898 million as of Sept. 30. The company said the tax dispute concerned $2.2 billion that was withheld from Pennzoil's taxable income in 1988. The sum represented a significant part of a $3 billion settlement with Texaco Inc. in 1988 related to Pennzoil's attempt to acquire the Getty Oil Company. The $2.2 billion was invested in common stock of the Chevron Corporation. Shares of Pennzoil, which announced the settlement after the market closed, rose 37.5 cents, to $49.625, on the New York Stock Exchange.
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