29. juni 1995 var en torsdag under stjernetegnet for ♋. Det var 179 dag på året. Præsident for USA var William J. (Bill) Clinton.
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29th of June 1995 News
Nyheder, som de udkom på forsiden af New York Times på 29. juni 1995
Deal by Senators Rescues Submarine Industry in Groton
Date: 30 June 1995
By Eric Schmitt
Eric Schmitt
Senators ended their war of words today and struck a deal to build one more Seawolf submarine in Groton, Conn., raising hopes for thousands of military workers in New England but also offering a prize to a Virginia shipyard. The compromise agreement, approved by voice vote as part of the Senate Armed Services Committee's overall military budget bill for fiscal year 1996, is expected to win full Senate approval next month.
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Alleged Extortion Plan Against Strawberry Foiled
Date: 29 June 1995
By John Sullivan
John Sullivan
Federal agents arrested a woman in Manhattan on Tuesday for allegedly trying to extort $300,000 from Darryl Strawberry, the outfielder recently signed by the Yankees. The woman was identified by Federal authorities as Judith Lee, 50, of Cathedral City, Calif. Federal prosecutors said she threatened to peddle a story to a tabloid television program if Strawberry did not pay her the money.
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CASINO AMERICA TO BUY DEBARTOLO STAKES IN PROJECTS
Date: 30 June 1995
By Bloomberg News
Bloomberg News
Casino America Inc. agreed yesterday to pay the Edward J. DeBartolo Corporation $125 million for DeBartolo's stake in two Louisiana riverboat casinos. Casino America, based in Biloxi, Miss., could pay up to an additional $15 million based on future performance of the casinos. Casino America and DeBartolo, which is based in Youngstown, Ohio, jointly own a casino that opened last year in Bossier City, La. The partners own half of a casino they are developing in Lake Charles, La., with the remainder owned by the Crown Casino Corporation of Dallas.
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MK RAIL TO PUT ITSELF UP FOR SALE
Date: 29 June 1995
By Bloomberg News
Bloomberg News
The MK Rail Corporation said yesterday that it was putting itself up for sale in a move that could help save its largest shareholder, the Morrison Knudsen Corporation, from a Chapter 11 bankruptcy filing. Morrison Knudsen, based in Boise, Idaho, has said it will need a cash infusion in July to avoid bankruptcy. The company is pursuing additional loans from its bankers and a sale of its 65 percent interest in MK Rail, whose current market value is about $69.4 million. MK Rail said it had hired Wasserstein Perella & Company and CS First Boston to handle the sale. MK Rail, a locomotive manufacturer based in Pittsburgh, also said its president and chief executive, Michael Farrell, and its executive vice president, Thomas Reinecke, would resign by the end of the year. The company did not give a reason for their departure.
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LOCKHEED TO TAKE OVER ALL WORK ON SHUTTLE CONTRACT
Date: 30 June 1995
By Bloomberg News
Bloomberg News
The Space Operations unit of the Lockheed Martin Corporation's said yesterday that it planned to cut costs by assuming all work on an annual $500 million space shuttle contract that it now splits with three other companies. The Lockheed Martin unit had contracted some work at the Kennedy Space Center to a unit of the Northrop Grumman Corporation, to the Thiokol Corporation and to a unit of Johnson Controls Inc. Lockheed Martin's contracts with the companies end in September. Thiokol, based in Ogden, Utah, said losing its share of the contract would cost about $30 million a year. Most of the Grumman and Thiokol workers are expected to apply to Lockheed Martin to continue in the same jobs.
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CHARGE OF UP TO $500 MILLION SEEN FOR FIRST DATA
Date: 30 June 1995
By Bloomberg News
Bloomberg News
The First Data Corporation is expected to take a charge of as much as $500 million when it completes its $6.65 billion purchase of the First Financial Management Corporation, analysts said yesterday. A new report from Merrill Lynch & Company said charges for the transaction would be $250 million to $500 million. Other analysts expect a smaller amount. An analyst at Bear, Stearns & Company, Charlotte Walker, said she expected a charge of $150 million, possibly a little more. First Data, based in Hackensack, N.J., has said it will record a substantial charge for the acquisition of First Financial, an Atlanta-based rival in the processing of credit card transactions. But company officials said yesterday that it was too soon to determine the size of the charge.
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REEBOK TO CUT 197 JOBS IN COST-CUTTING EFFORT
Date: 29 June 1995
By Bloomberg News
Bloomberg News
Reebok International Ltd. said yesterday that it planned to cut 197 jobs in an effort to reduce costs by $75 million a year. Reebok, the nation's No. 2 maker of athletic shoes behind Nike Inc., also said it would take a one-time pretax charge of $15 million to $18 million, or 12 cents to 14 cents a share, to cover the costs of the reductions. Reebok, based in Stoughton, Mass., said its second-quarter profit from operations would be between 35 cents and 40 cents a share, down from 60 cents a share in the comparable period a year earlier.
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DOW CHEMICAL EXPECTS HIGHER SECOND-QUARTER EARNINGS
Date: 29 June 1995
By Bloomberg News
Bloomberg News
The Dow Chemical Company said yesterday that it expected to report a second-quarter gain of 50 cents to 70 cents a share from the sale of its pharmaceuticals businesses to Hoechst A.G. for $5.25 billion. Dow, the nation's second-largest chemicals producer after Du Pont, said the sale of Marion Merrell Dow would would result in a second-quarter gain of 35 cents to 50 cents a share, and the sale of its Latin American business would increase earnings 15 cents to 20 cents a share. Dow, based in Midland, Mich., said its second-quarter sales and operating income would not include Marion Merrell Dow's results. Shares of Dow fell 87.5 cents, to $71.25, on the New York Stock Exchange.
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TransCanada Weighs Deal
Date: 29 June 1995
By Bloomberg News
Bloomberg News
TransCanada Pipelines Ltd. is interested in buying the 50.1 percent of the Alberta Natural Gas Company it does not already own. Alberta Natural Gas said TransCanada had approached it about making an offer but had not indicated what price it was willing to pay. Before TransCanada makes an offer, it wants to review Alberta Natural Gas's finances, Alberta said.
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Company's Ex-Chief Accused of Big Theft
Date: 29 June 1995
By Bloomberg News
Bloomberg News
The Securities and Exchange Commission has accused the former president, chairman and chief executive of Littlefield Adams & Company of stealing more than $1.15 million from the company and scheming to inflate its income and manipulate its stock price. In a complaint filed on Tuesday in the United States District Court for the District of Columbia, the S.E.C. maintained that the former Littlefield Adams executive, Curtis Younts Jr., had allowed the company to record revenue based on fictitious transactions and sold stock in violation of registration requirements.
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