1. august 1994 var en mandag under stjernetegnet for ♌. Det var 212 dag på året. Præsident for USA var William J. (Bill) Clinton.
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1st of August 1994 News
Nyheder, som de udkom på forsiden af New York Times på 1. august 1994
THE MEDIA BUSINESS: Press; At a Meeting of Minority Journalists, Two Starting Points on Political Correctness
Date: 01 August 1994
By William Glaberson
William Glaberson
ON a hot topic at the convention of minority journalists here last week, there were two ways of looking at the way news organizations cover the world. View No. 1: The news media are paralyzed by political correctness and can no longer tell the truth. Robert L. Bartley, the conservative editor of The Wall Street Journal, who runs its editorial page, said political correctness "is peer pressure to enforce a certain mindset among the educated classes."
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SHARES OF FIRSTAR FALL ON PURCHASE PLAN NEWS
Date: 02 August 1994
By Bloomberg News
Bloomberg News
Shares of the Firstar Corporation fell yesterday after the company said over the weekend that it planned to buy the First Colonial Bankshares Corporation of Chicago for $314 million in stock. First Colonial shares also declined. Firstar's shares closed down $1.25, to $33.375, in trading on the New York Stock Exchange. First Colonial traded down 37.5 cents, to $23.75, in Nasdaq trading. Under terms of the stock-swap agreement announced on Sunday, First Colonial shareholders would receive 0.7725 of a share of Firstar for every First Colonial share. Since falling to a 52-week low of $15.75 last October, First Colonial's shares had risen, in part on speculation that the company would be acquired.
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Carter-Wallace Share Price Plunges
Date: 02 August 1994
By Bloomberg News
Bloomberg News
Carter-Wallace Inc.'s shares plummeted yesterday, losing nearly a third of their value, after the company warned doctors to quit treating patients with an epilepsy drug linked to two deaths. The health care products company, which is based in New York, said it had sent letters to about 240,000 doctors recommending that patients discontinue taking the drug, Felbatol, after reports that 10 people had contracted aplastic anemia, a rare and frequently fatal blood disorder in which the bone marrow stops making blood cells. Two of those people died.
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FIRST UNION COMPLETES BANCFLORIDA FINANCIAL PURCHASE
Date: 02 August 1994
By Bloomberg News
Bloomberg News
The First Union Corporation completed the acquisition yesterday of the BancFlorida Financial Corporation for about $181 million in common stock. As part of the transaction, First Union said it had agreed to redeem all $15.2 million of BancFlorida's 9 percent convertible subordinated debentures due 2003. Under the agreement, each common share of BancFlorida, Naples, will be exchanged for 0.665 share of First Union common. Jeep Bryant, a spokesman for First Union, said most of BancFlorida's employees would be integrated into the company. First Union is a bank holding company whose assets, including BancFlorida, total $74.2 billion. It has about 33,000 employees.
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TEXAS INSTRUMENTS AND HITACHI FORM JOINT VENTURE
Date: 02 August 1994
By Bloomberg News
Bloomberg News
Texas Instruments Inc. and Hitachi Ltd. said yesterday that they would form a joint semiconductor manufacturing venture in the United States. The two companies plan to build a $500 million wafer fabrication factory in the United States, beginning in the first half of 1995. The companies said their preferred site is in Richardson, Tex., and the plant is expected to employ more than 500 people when it becomes operational by late 1996. The facility will be used to manufacture 16-megabit and 64-megabit dynamic random-access memory chips. These chips are used to store data in a variety of electronic and consumer products, including computers and telecommunications equipment. All semiconductors produced by the joint venture will go directly to Texas Instruments and Hitachi.
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HEWLETT-PACKARD CUTS PRICES OF ITS COMPUTERS
Date: 02 August 1994
By Bloomberg News
Bloomberg News
Responding to lower production costs and heated competition, the Hewlett-Packard Company introduced new models yesterday and announced lower prices for a range of computers and networking gear, cutting some prices by as much as 35 percent. The company, based in Palo Alto, Calif., said it was adding two new models to its Vectra line of personal computers while cutting the price of advanced Vectra models by as much as 15 percent. The company also introduced an advanced palmtop computer, the 200LX-2MB, at a price $50 less than a comparable model introduced 14 months ago. Hewlett-Packard also cut the prices of its Advancestack line of networking products by as much as 35 percent to become more competitive with its rivals.
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UNION CARBIDE IN JOINT VENTURE WITH ITALIAN COMPANY
Date: 02 August 1994
By Bloomberg News
Bloomberg News
The Union Carbide Corporation and the state-owned Italian chemical company Enichem S.p.A. said yesterday that they would create a 50-50 joint venture to produce and market polyethylene in Europe. The companies intend to start the venture in the first quarter of 1995 after getting European Union approval. The new company will own Enichem's existing polyethylene plants in Italy, Germany and France, which produce about 2.9 billion pounds a year. The new venture will also build a 880-million-pounds-a-year process plant at Enichem's existing factory in Brindisi, Italy.
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2 Banks Based in North Carolina to Merge
Date: 02 August 1994
By Bloomberg News
Bloomberg News
The BB&T Financial Corporation and the Southern National Corporation said today that they planned to merge in a $2.2 billion stock transaction so that they can better compete with larger banking companies. The merger, in which both banks' shares will be swapped for new stock, would create a banking company with $18 billion in assets that expects to earn $240 million a year. It would have branches in North Carolina and South Carolina, and, with BB&T's planned acquisition of Commerce Bank, parts of Virginia.
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Resignation at Spectrum
Date: 02 August 1994
By Bloomberg News
Bloomberg News
Dennis R. Williamson resigned yesterday as a director of Spectrum Information Technologies Inc. less than one month after joining the board. Mr. Williamson, who is president of Creative Resources Inc. of Danbury, Conn., said he resigned for "personal reasons" but declined further comment. He joined the board of Spectrum, the struggling wireless data and computer franchiser, on July 7. Spectrum, based in Manhasset, L.I., announced Mr. Williamson's departure after the stock market closed.
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A Revamping Is Set for Figgie
Date: 02 August 1994
By Bloomberg News
Bloomberg News
Figgie International Inc. said today that it had reached an agreement with 39 lenders to restructure about $315 million in bank debt and $172 million in leases through June 30, 1995. The company, based in Willoughby, Ohio, said the restructuring would result in the immediate payment of about $100 million in debt and leases, and a further payment of about $115 million in debt and lease obligations. Total debt outstanding as of the first quarter was $560 million.
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