1. december 1994 var en torsdag under stjernetegnet for ♐. Det var 334 dag på året. Præsident for USA var William J. (Bill) Clinton.
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1st of December 1994 News
Nyheder, som de udkom på forsiden af New York Times på 1. december 1994
10 Immigrant Journalists Slain in U.S. Since '81, Report Says
Date: 01 December 1994
By William Glaberson
William Glaberson
Ten immigrant journalists have been killed in the United States because of their reporting since 1981 but only two of the cases have been solved, a committee of American journalists said in a report yesterday. The Committee to Protect Journalists, a nonprofit organization that gets much of its money from large United States news organizations, labeled the killings assassinations and said they were "specifically intended to smother fact finding and silence dissent."
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CHRONICLE
Date: 02 December 1994
By Nadine Brozan
Nadine Brozan
HILLARY RODHAM CLINTON had some observations this week about the intrusion of the press into her private life, too. Speaking at a class on Presidential spouses offered by George Washington University, she said she thought she had come to Washington prepared for the loss of privacy. But the speculation about the Clintons' private life was more painful than she had anticipated, she said.
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I.B.M. Makes Board Changes
Date: 01 December 1994
By Bloomberg News
Bloomberg News
I.B.M. said this week that its vice chairman, Paul J. Rizzo, would retire from the board on Dec. 31. The International Business Machines Corporation also said it had named Alexander J. Trotman, 61, chairman and chief executive of the Ford Motor Company, and Jerome B. York, 56, I.B.M.'s chief financial officer, to its board.
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ROCHESTER TELEPHONE TO BUY AMERICAN SHARECOM
Date: 01 December 1994
By Bloomberg News
Bloomberg News
The Rochester Telephone Corporation agreed yesterday to buy American Sharecom Inc. for about $193 million in stock. The company said it would issue 8.7 million shares of common stock to acquire American Sharecom, a closely held long-distance carrier based in Minneapolis with about $125 million in annual sales. Rochester Telephone, which began as the local phone company serving Rochester, is continuing its efforts to become a major national long-distance carrier. On Nov. 8, the company reached a definitive agreement to buy WCT Communications Inc., which has about $102 million in revenue.
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Deal Is Set On American Brands Unit
Date: 01 December 1994
By Bloomberg News
Bloomberg News
American Brands Inc. will sell its insurance unit to the American General Corporation for $1.17 billion, the companies announced today. They disclosed earlier in the week that they were negotiating a sale. American General will buy the Franklin Life Insurance Company of Springfield, Ill., from American Brands. Analysts said American Brands, with assets of $45 billion, could afford both Franklin and Unitrin, a Chicago-based insurance company that is another planned acquisition, as long as the company did not take on too much debt. Unitrin's board has rejected American General's $2.6 billion offer as too low.
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KODAK COMPLETES THE SALES OF TWO DIVISIONS
Date: 02 December 1994
By Bloomberg News
Bloomberg News
The Eastman Kodak Company has completed the sales of its L & F Products' do-it-yourself unit to Forstmann Little & Company for $700 million and its Clinical Diagnostics unit to Johnson & Johnson for $1.01 billion in cash. Both deals, announced this fall, closed on Wednesday. The sales almost end the Rochester-based photography company's seven-month drive to shed nonstrategic units. Kodak still seeks buyers for its Nanosystems technology development unit and its pharmaceutical research and development center in Philadelphia.
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EMERSON ELECTRIC AGREES TO BUY CONTROL TECHNIQUES
Date: 02 December 1994
By Bloomberg News
Bloomberg News
The Emerson Electric Company, the world's largest maker of electric motors, said yesterday it had agreed to pay about $:96.2 million, or $150.7 million, for the 47.5 percent of Control Techniques P.L.C. that it doesn't already own. The merger would let Emerson Electric, of St. Louis, tap into the expertise of Control Techniques, a British electronics company, in variable-speed drive technology. Variable speed motors, frequently used in appliances like air conditioners and furnaces, are more energy-efficient than conventional motors. The purchase price is based on Emerson's offer of 525 pence a share. Control Techniques shares had traded at 385 pence on Nov. 4, the day before the companies said they were in talks.
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FORD AND V.W. ENDING LATIN JOINT VENTURES
Date: 02 December 1994
By Bloomberg News
Bloomberg News
The Ford Motor Company and Volkswagen A.G. are ending a marriage of convenience that created Brazil's largest non-state-owned company and Argentina's second-largest car maker. "We believe that Ford will be better able to compete effectively in these two markets by operating on its own," W. Wayne Booker, an executive vice president of Ford's international operations, said. Autolatina Brasil S.A. and Autolatina Argentina S.A. were founded in 1987, when market conditions were poor, but Mr. Booker said those conditions had improved. Autolatina was 51 percent owned by Volkswagen, and 49 percent owned by Ford. The separation will be gradual, ending within a year, Ford said. Autolatina Brasil accounts for 47 percent of Brazilian car sales. Autolatina Argentina holds about 30 percent of Argentina's market.
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PILLOWTEX BUYS BLANKET MAKER FOR $108 MILLION
Date: 02 December 1994
By Bloomberg News
Bloomberg News
The Pillowtex Corporation said yesterday that it had purchased the Beacon Manufacturing Company for $108 million. Pillowtex, based in Dallas, will pay $100 million in cash and assume $8 million in liabilities from Beacon, a blanket maker in Swannanoa, N.C. For the 12 months ended Sept. 30, Beacon recorded sales of $122 million. The acquisition will enhance Pillowtex's presence in the institutional and Canadian markets, Charles M. Hansen, the company's chairman and chief executive, said.
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Computer Stocks Tumble Over Chip Flaw
Date: 02 December 1994
By Bloomberg News
Bloomberg News
Shares of computer companies tumbled yesterday because of concern about a flaw in the Intel Corporation's top-of-the-line Pentium chip. Although the flaw, which was disclosed last week, affects only complex mathematical calculations and will not affect most computer users, analysts said that Intel's poor public relations in handling the error could cost some computer makers that use the chip sales.
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