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21st of June 1994 News
Nyheder, som de udkom på forsiden af New York Times på 21. juni 1994
At $10,000, Mum's the Word
Date: 22 June 1994
Anthony Mason and John Starks have sometimes gotten in trouble for things they have said. Today, they got in trouble for what they didn't say. Both Mason and Starks skipped today's interview session with the national news media and were fined $10,000 apiece by the National Basketball Association. The Knicks were fined $20,000 by the league for allowing the two players to miss the session. Both players arrived with the team at the Summit today, but while the rest of the team was being interviewed on the court, Starks and Mason simply waited in the closed Knicks' locker room for the interview session to end. When it did, reporters were cleared out of the arena, and Starks and Mason joined the Knicks for practice.
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Poll Shows Support for Giuliani on Not Cutting Police Budget
Date: 21 June 1994
By Sam Roberts
Sam Roberts
As Mayor Rudolph W. Giuliani negotiates a budget with the City Council, a New York Times/WCBS-TV News Poll shows that a solid majority of New Yorkers supports his stance that the Police Department should be spared from the spending cuts that he is demanding of other agencies. Reflecting their belief that crime is by far the most pressing problem that the Mayor should concentrate on, two out of three of those polled said Mr. Giuliani should continue to insulate the Police Department from personnel cuts and other economies that critics in the Council and elsewhere have said would help close the city budget gap without gutting other agencies. Women were most adamant in their support for police spending.
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Observer; Than a Barrel Of People
Date: 21 June 1994
By Russell Baker
Russell Baker
Last weekend's fun was more intense than usual. First there was Sam Donaldson interviewing Paula Jones. Then the networks convicted O. J. Simpson of murder. Afterward we went to the movies and saw Jack Nicholson turn into a werewolf. Fun of this quality simply did not exist until now. It makes you realize how lucky we are, funwise, to be living in this day and age. Let me cannibalize my own family for material and tell you what my grandmother did for fun:
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HUGHES AEROSPACE TO CUT 35,000 JOBS
Date: 21 June 1994
By Bloomberg News
Bloomberg News
The Hughes Aerospace and Electronics Company said yesterday that it planed to eliminate at least 10 percent of its 35,000 jobs in the next two years. The jobs will be cut through a combination of layoffs and attrition, a company spokesman said. The company, a unit of the Hughes Aircraft Company, is absorbing three divisions under a 1992 reorganization plan. Hughes Aircraft is owned by the GM Hughes Electronic Company, a General Motors Corporation subsidiary.
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SNAPPLE TO GAIN DISTRIBUTORS IN TEXAS AND CALIFORNIA
Date: 22 June 1994
By Bloomberg News
Bloomberg News
The Snapple Beverage Corporation said yesterday that it would pay $38.5 million for two distributors and take a 50 percent stake in a third to gain more control over distribution in California and Texas. Snapple, based in Valley Stream, L.I., said it had agreements to purchase the Trinity Beverage Company of Houston and the Groux Beverage Corporation, of Orange County, Calif. An additional agreement was reached to invest in the Haralambos Beverage Company, its exclusive distributor in parts of metropolitan Los Angeles.
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I.B.M. WILL SELL A VERSION OF INTEL CHIP
Date: 21 June 1994
By Bloomberg News
Bloomberg News
In a new threat to the Intel Corporation's dominance of the microprocessor market, I.B.M. said yesterday that it would start selling a version of Intel's x86 chips to other personal computer makers. The move pits I.B.M. in direct competition with Intel for the first time; for years, I.B.M. has based all its machines on Intel x86 chips. Heating up the competition further, I.B.M. said it was pricing its chips significantly below Intel's.
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ELJER'S SHARES SURGE ON FORECAST OF HIGHER EARNINGS
Date: 22 June 1994
By Bloomberg News
Bloomberg News
The stock of Eljer Industries jumped 14 percent yesterday after the company said that it expected substantially higher earnings for the second quarter that ends on July 3. Eljer stock closed up 87.5 cents, at $7.125, on the New York Stock Exchange. The company said net income would be between $2.1 million and $2.5 million, or 30 cents and 35 cents a share, compared with a loss of $1.44 million, for the quarter a year earlier. Eljer, based in Plano, Tex., is a maker and distributor of building materials, including plumbing, heating and venting products.
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UAL SHAREHOLDERS SEEK TO BLOCK VOTE ON BUYOUT
Date: 22 June 1994
By Bloomberg News
Bloomberg News
Shareholders of the UAL Corporation filed a motion yesterday to block a July 12 vote by shareholders on an employee buyout of the parent of United Airlines. The motion for a preliminary injunction, filed in Delaware Chancery Court, says UAL failed to adequately tell shareholders of opposition to the plan from some directors and union members. The motion also contends that it is unfair to ask shareholders to vote before UAL completes two bond offerings and a preferred stock offering on which the plan hinges. In a letter to the court, a UAL lawyer called the motion "baseless" and wrote that a delay of the vote would cause UAL and its stockholders "potentially irreparable harm."
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KMART BOARD TAKES NO ACTION ON FOUR SPECIALTY UNITS
Date: 22 June 1994
By Bloomberg News
Bloomberg News
The board of the Kmart Corporation took no action yesterday at a meeting on the fate of the company's four specialty retail divisions. The board was to consider several options for the units, including selling them off entirely or partly. At the annual meeting on June 3, shareholders rejected a plan to sell stock linked to the performance of each division. After yesterday's meeting at its headquarters in Troy, Mich., the company issued a statement saying the board and management "are reviewing the total strategy of Kmart." Shares of Kmart rose 50 cents yesterday, to $16.125, on the New York Stock Exchange.
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DIGITAL CHANGES NAME OF A UNIT AS SOME SEE A SALE AHEAD
Date: 22 June 1994
By Bloomberg News
Bloomberg News
The Digital Equipment Corporation said yesterday that it was changing the name of its disk drive business to Avastor, a move some analysts viewed as preparing the unit for sale. The business is one of four that make up Digital Equipment's storage business group, which has been one of its stronger performers. Digital Equipment said in May that it planned to sell assets in an effort to return to profitability by the end of the year. The spokeswoman said a name change in advance of a sale "is the favorite rumor," but she declined to confirm that the business was for sale.
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