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30th of March 1994 News
Nyheder, som de udkom på forsiden af New York Times på 30. marts 1994
Man In the News: Ernesto Zedillo Ponce de Leon; A Tragedy's Stand-In
Date: 30 March 1994
By Anthony Depalma By Anthony Depalma
Anthony Anthony
Two years ago, when he was Secretary of Education, Ernesto Zedillo Ponce de Leon tried to set Mexican history straight by ordering new public-school textbooks that for the first time mentioned student demonstrations in 1968 and seemed to blame the Mexican Army for shooting protesters. Mr. Zedillo's approach proved to be too direct for many Mexicans. He ran afoul of the politically powerful army and other conservative groups, and the history texts were rewritten the next year.
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CNN Charged Over Tapes Of Noriega
Date: 31 March 1994
By Larry Rohter
Larry Rohter
The Cable News Network was charged with contempt of court today on the recommendation of a special Federal prosecutor, who said the network had "knowingly and willfully" disobeyed a judge's order in 1990 not to broadcast tape recordings of Gen. Manuel Antonio Noriega while the former Panamanian dictator was in jail here. The criminal complaint was announced nearly three and a half years after Judge William M. Hoeveler first learned that CNN had obtained tape recordings of General Noriega's telephone conversations. The calls involved his lawyers and members of their staffs, former military subordinates, his family and his mistress and her family. The network eventually surrendered the tapes, but only after broadcasting excerpts for two days and fighting all the way to the Supreme Court.
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COORS COMPLETES PURCHASE OF BREWERY IN SPAIN
Date: 30 March 1994
By Bloomberg News
Bloomberg News
The Coors Brewing Company said yesterday that it had completed the purchase of El Aguila brewery in Zaragoza, Spain, for $50 million. The total includes spending on operations and marketing over the next five years. The Zaragoza plant has annual production capacity of 500,000 barrels. Coors said that its Coors Extra Gold would be brewed there for distribution in Spain and that it would continue to brew El Aguila products, Aguila and Aguila Master, for four years.
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G.M. PLANS $758 MILLION ACCOUNTING CHARGE
Date: 30 March 1994
By Bloomberg News
Bloomberg News
The General Motors Corporation said yesterday that it would take a charge of $758 million, or $1.05 a share, in the first quarter because of the adoption of new accounting standards. Despite the charge, North American operations of the company are still expected to show a profit for 1994, said G. Richard Wagoner Jr., executive vice president and chief financial officer. The noncash charge is related to the adoption of the Statement of Financial Accounting Standards No. 112, which affects extended disability benefits to United States workers. Under the new standard, the cost of the benefits will be accrued during the employees' tenures at G.M. The news came after shares of G.M. closed down $1.375, at $56, on the New York Stock Exchange.
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AMDAHL IN TECHNOLOGY ALLIANCE WITH 3 OTHER COMPANIES
Date: 30 March 1994
By Bloomberg News
Bloomberg News
The Amdahl Corporation, making its first foray into parallel processing systems, said today that it had formed an alliance with the Oracle Systems Corporation, the Ncube Corporation and Information Builders Inc. Parallel processing systems string together a series of microprocessors to perform many tasks simultaneously. Products from the alliance will be available later this year. The International Business Machines Corporation is scheduled to unveil its parallel processing servers in early April.
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GENERAL MAGIC SAID TO BE PLANNING STOCK OFFERING
Date: 30 March 1994
By Bloomberg News
Bloomberg News
General Magic, a closely watched three-year-old company that makes software for hand-held computers, is planning to raise up to $45 million through an initial public offering by mid-May, The San Francisco Chronicle reported yesterday. Officials of the company, based in Mountain View, Calif., declined to comment on the plan, but the newspaper quoted people close to and inside General Magic as saying it planned to sell up to three million shares at $12 to $15 each in an offering underwritten by Goldman, Sachs & Company, Alex. Brown & Sons, and Smith Barney Shearson. Investors in General Magic include the technology giants Apple Computer Inc., Motorola Inc., the Sony Corporation, the American Telephone and Telegraph Company and the Matsushita Electric Industrial Company.
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SPANISH BANK RAISES STAKE IN FIRST FIDELITY TO 22.7%
Date: 31 March 1994
By Bloomberg News
Bloomberg News
Banco Santander S.A. of Spain has raised its stake in First Fidelity Bancorporation to 22.7 percent, from 20.1 percent, according to a filing yesterday with the Securities and Exchange Commission. The bank acquired 2.37 million shares of First Fidelity on March 29 by exercising warrants to buy stock at $25.50 a share, according to the filing. Banco Santander paid a total of $60.5 million in cash for the shares in First Fidelity, a bank holding company based in Lawrenceville, N.J., that has $33.8 billion in assets. In 1991, Banco Santander acquired 9.5 million shares and warrants to purchase an additional 9.5 million shares from First Fidelity.
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INTEL AND PACIFIC BELL SIGN VIDEO CONFERENCING PACT
Date: 31 March 1994
By Bloomberg News
Bloomberg News
The Intel Corporation and Pacific Bell signed an agreement yesterday on computer-based video conferencing in California. Under the agreement, Intel's Proshare Video System 200 products will be available from resellers for $999 when an integrated services digital network, or I.S.D.N., line is ordered from Pacific Bell, the companies said. An I.S.D.N. line enables the transmission of data, facsimile, and video signals across a network. The Proshare Video System 200 uses a tiny camera and add-on cards to enable personal computers based on Intel's 486 or Pentium chips to exchange live video. Pacific Bell said more than 60 percent of its telephone lines in California have access to I.S.D.N. technology.
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Agency to End Deal With Hydro-Quebec
Date: 30 March 1994
By Bloomberg News
Bloomberg News
The New York Power Authority said yesterday that its trustees voted to cancel a 20-year, $5 billion contract to buy electricity from Hydro-Quebec. "We don't need the power, the price is too high and there are unresolved environmental questions in Quebec," said David Freeman, president and chief executive of the authority.
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A New Bidder for Banesto
Date: 31 March 1994
By Bloomberg News
Bloomberg News
Banco Central Hispano will join the bidding for majority control of the Banco Espanol de Credito, S.A., the troubled Spanish bank known as Banesto, a spokeswoman for Banco Central said. It will pay a fee of 100 million pesetas -- about $725,000 -- that is required to take part in the auctioning of a $1.3 billion new stock issue in Banesto in May. Prospective bidders will have the right to detailed documentation on the bank.
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