21. september 1995 var en torsdag under stjernetegnet for ♍. Det var 263 dag på året. Præsident for USA var William J. (Bill) Clinton.
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21st of September 1995 News
Nyheder, som de udkom på forsiden af New York Times på 21. september 1995
Racial Charge Causes Anger At Newspaper
Date: 22 September 1995
By William Glaberson
William Glaberson
Some journalists at The Washington Post reacted with fury this week to a magazine article that portrayed the paper's staff as divided along racial lines and its news coverage as soft on Washington's black officials. The cover article in the current issue of The New Republic said that The Post's quest for diversity on its staff had diminished the quality of its coverage. The writer, Ruth Shalit, suggested that editors would "adjust their traditional hiring standards" to employ more minority journalists.
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Words Dropped in Bomber Tract
Date: 22 September 1995
The Washington Post published in its Friday issue 72 words that had been inadvertently dropped from the 35,000-word manifesto written by the serial killer known as the Unabomber that it printed on Tuesday. The Post acceded to the request of Attorney General Janet Reno and the Federal Bureau of Investigation to print the manifesto unaltered after the bomber had offered to stop the killing with mail bombs if the text were published by The Post or The New York Times. The Times concurred with The Post's decision and shared the printing costs with it.
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Magazine Is Rebuffed By High Court
Date: 22 September 1995
By Deirdre Carmody
Deirdre Carmody
In an unusual First Amendment ruling, Supreme Court Justice John Paul Stevens Jr. refused yesterday for procedural reasons to overturn a lower-court order prohibiting Business Week from publishing an article containing information from sealed court documents. The ruling sent the case back to the Federal District Court in Cincinnati that issued the order. Later yesterday, at a hearing in that court, Judge John Feikens extended until Oct. 3 the order he had issued on Sept. 13. This meansthe magazine will probably be prohibited for a third week from publishing the article with the disputed material. Business Week is complying with the order so that it will not be found in contempt of court.
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LAUDER PLANS PUBLIC OFFERING
Date: 22 September 1995
By Bloomberg News
Bloomberg News
The Estee Lauder Companies, one of the world's largest makers of cosmetics, plans a $335 million initial public offering. Estee Lauder, which has annual sales of nearly $3 billion, was founded in 1946 by Estee and Joseph Lauder. Today, the company sells its five brands -- Estee Lauder, Aramis, Clinique, Prescriptives and Origins -- in about 100 countries. The company, which is based in New York, also named its chief executive, Leonard A. Lauder, to the additional post of chairman, replacing his mother, Estee Lauder. Fred Langhammer, the company's chief operating officer, will replace Leonard Lauder. A spokeswoman said the Lauder family would retain ownership of 85 to 90 percent of the company.
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SOME ZENITH NATIONAL OPERATIONS WILL BE SOLD
Date: 21 September 1995
By Bloomberg News
Bloomberg News
SunAmerica Inc. said yesterday that it had agreed to buy the Zenith National Insurance Corporation's life insurance and annuity business for $120 million in cash. The move will bring SunAmerica, a financial services company based in Los Angeles, into the business of managing so-called 403(b) retirement savings plans for teachers and employees of nonprofit organizations. After selling a portion of its Calfarm Life Insurance Company, Zenith National plans to focus on workers' compensation, managed care and disability coverage. Zenith National, based in Woodland Hills, Calif., is keeping Calfarm Life's health insurance business.
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MORRISON KNUDSEN AGREES TO SETTLE SHAREHOLDER SUITS
Date: 21 September 1995
By Bloomberg News
Bloomberg News
The Morrison Knudsen Corporation said yesterday that it had agreed to pay $63 million in cash and stock to settle shareholders' lawsuits. The settlement also calls for the company's former chairman, William Agee, to give up all his severance pay and much of his pension, Morrison Knudsen said. The suits, which were filed after the company announced a $350 million loss for 1994, accused Mr. Agee of intentionally concealing the losses and contended that company directors should have been aware of them. Under the settlement, the company's insurers will pay $35 million and the company will issue nearly three million shares of stock, valued at about $28.3 million, based on yesterday's closing price of $9.50. Mr. Agee could not be reached for comment. Separately, Morrison Knudsen, which is based in Boise, Idaho, said it would close its Pittsburg, Calif., rail car plant and lay off all 270 workers in December.
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CHASE MANHATTAN PLANS A BIG BUYBACK OF ITS SHARES
Date: 21 September 1995
By Bloomberg News
Bloomberg News
The Chase Manhattan Corporation said yesterday that it would buy back up to nine million shares before it merged with the Chemical Banking Corporation, to offset the effect of an employee stock option program. Every Chase employee soon will be allowed to exercise options to buy 200 shares of Chase stock. The company said the buyback, which represents up to 5 percent of Chase's shares outstanding, would be in addition to a plan to repurchase shares to offset the acquisition of the United States Trust Corporation's securities-processing unit. Chase issued 6.6 million shares when it made the acquisition on Sept. 1, and it still needs to buy back 1 million shares to offset that. Chase and Chemical expect to complete their merger by April 1996.
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International Briefs; Motorola in China
Date: 21 September 1995
By Bloomberg News
Bloomberg News
The United States electronics company Motorola Inc. plans to invest $720 million to build a semiconductor wafer plant in the eastern Chinese port city of Tianjin, company officials in Beijing said yesterday. Motorola will announce the investment Friday when the Tianjin Economic Development Zone holds a news conference in Beijing's Great Hall of the People. Company officials declined to give further details on the plant.
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Southwest Air in Florida
Date: 22 September 1995
By Bloomberg News
Bloomberg News
Southwest Airlines said today that it would make its long-awaited entry into Tampa and Fort Lauderdale, Fla., on Jan. 22. From Tampa, Southwest will offer daily flights to Fort Lauderdale, Baltimore/Washington International Airport, Nashville, New Orleans and St. Louis. Air fares between Tampa and Fort Lauderdale will be $59 one way, and seven-day advanced purchase fares will be $29.
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Home Depot Stores' Plan
Date: 21 September 1995
By Bloomberg News
Bloomberg News
Home Depot Inc. is planning to open 90 to 95 new stores in 1996. The company's president, Arthur Blank, said on Tuesday at the Montgomery Securities investors conference in San Francisco that the company expected to open the stores in such markets as Pittsburgh, Minneapolis and Memphis. The 90-to-95-store projection was scaled down from the company's original plan of 105 new stores.
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