4. januar 2000 var en tirsdag under stjernetegnet for ♑. Det var 3 dag på året. Præsident for USA var William J. (Bill) Clinton.
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4th of January 2000 News
Nyheder, som de udkom på forsiden af New York Times på 4. januar 2000
PINNACLE PLANS TO BUY TELECOMMUNICATIONS TOWERS
Date: 05 January 2000
By Bloomberg News
Bloomberg News
Pinnacle Holdings Inc., which leases space on telecommunications towers in the southeastern United States, agreed to buy 329 tower and rooftop-based sites for $95 million. Pinnacle is buying the sites, which are situated throughout the United States, in 29 separate transactions. In another move, the company and several shareholders filed with the Securities and Exchange Commission their intention to sell eight million shares valued at about $302 million. The acquisitions are the latest in a series of purchases made since Pinnacle went public in February and bring the total number of sites that it owns or manages to 3,850. It leases space to wireless communications companies. Pinnacle's shares fell $2.28125, to $37, in Nasdaq trading.
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OCCIDENTAL AND EOG RESOURCES SWAP PROPERTIES
Date: 04 January 2000
By Bloomberg News
Bloomberg News
The Occidental Petroleum Corporation and EOG Resources Inc. said yesterday that they had exchanged oil and natural-gas fields in the United States to cut costs and increase production. Occidental, the ninth-biggest United States oil company, received fields in California that produce about 12 million cubic feet of gas a day. It also got properties in the western Gulf of Mexico that produce 26 million cubic feet of gas equivalent a day. They are adjacent to fields Occidental already owns. EOG received properties in eastern Texas that are next to fields it owns. Occidental's shares fell 81.25 cents, to $20.8125, on the New York Stock Exchange, while EOG, formerly the Enron Oil and Gas Company, fell $2.0625, to $15.50.
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CROSS TIMBERS CANCELS ITS PUBLIC OFFERING FOR TRUST
Date: 05 January 2000
By Bloomberg News
Bloomberg News
The Cross Timbers Oil Company said yesterday that it had canceled a public offering for its Texas Permian Royalty Trust because energy stocks are depressed. The company will instead sell the oil and natural gas fields in Texas and New Mexico that it had intended to include in the trust. Bids for the fields will be accepted next month, and Cross Timbers expects to complete the sale by the end of March. Daily production for the fields averages 15 million cubic feet of gas and 1,050 barrels of oil.
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COMMERCE ONE BUYS MERGENT SYSTEMS FOR $200 MILLION
Date: 05 January 2000
By Bloomberg News
Bloomberg News
Commerce One Inc., which makes software to process online orders, said yesterday it would acquire Mergent Systems Inc. for about $200 million. Commerce One will issue 870,000 shares and pay about $10 million in cash. Mergent, which is based in Mountain View, Calif., and is closely held, makes software to compile and search product information. Commerce One, based in Walnut Creek, Calif., will use Mergent's technology to manage catalogs from thousands of suppliers on Web sites.
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EDO AGREES TO BUY AIL TECHNOLOGIES FOR $88.4 MILLION
Date: 04 January 2000
By Bloomberg News
Bloomberg News
The Edo Corporation, a maker of electronic systems for the military industry, agreed to buy the closely held Ail Technologies Inc. for about $88.4 million in cash, stock and debt to add military and aerospace technologies. Edo will issue about 6.55 million shares, pay about $13.1 million and assume about $35.2 million in debt from Ail Technologies, based in Deer Park, N.Y. Edo said the companies' combined revenue could reach $240 million. Edo, based in New York, makes electronic optical products, including undersea sonar systems. Ail's products include defensive electronics on the B-1B bomber and aircraft, marine and satellite antennas
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3TEC ENERGY ACQUIRES RIVAL COMPANY FOR $24.5 MILLION
Date: 05 January 2000
By Bloomberg News
Bloomberg News
The 3TEC Energy Corporation, which explores for oil and natural gas, agreed yesterday to buy closely held rival Magellan Exploration L.L.C. for about $24.5 million in stock. 3TEC will issue 3.3 million common shares to Magellan's owners, plus warrants to buy 1 million more at $10 each for four years. 3TEC also will issue 1.875 million shares of preferred stock, each valued at $8 and with a dividend of 5 percent a year. Both companies are based in Houston. Magellan had reserves of 20 billion cubic feet of natural-gas equivalent, valued at $38.3 million, as of Oct. 1, 3TEC said. 3TEC, which changed its name from the Middle Bay Oil Company last month, operates in Texas, Louisiana and Oklahoma. It had sales of $15 million in 1998.
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Cable Company Blocking Fox Programs
Date: 04 January 2000
By Bloomberg News
Bloomberg News
Cox Communications Inc., the fifth largest cable operator in the United States, has blocked 500,000 customers from seeing local programming from News Corporation's Fox Entertainment Group Inc. after the two companies failed to reach a new distribution agreement. Cox customers in Cleveland; Dallas; Houston; Austin, Tex., and Fairfax County, Va., have been unable to view Fox programming, including National Football League games and local news, since Jan. 1 unless they have an antenna or satellite.
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Lycos Plans New Offering
Date: 05 January 2000
By Bloomberg News
Bloomberg News
Lycos Inc., the fourth-most popular network of Web sites, said today that it planned to offer five million shares of its common stock to the public to help finance possible acquisitions. The company said the offering, the second since its initial offering in 1996, would be sold through a group of investment banks. Lycos had 101.6 million shares outstanding as of Dec. 6.
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Calpine Buys Gas Reserves
Date: 04 January 2000
By Bloomberg News
Bloomberg News
The Calpine Corporation said today that it had bought 90 billion cubic feet of natural gas reserves from Vintage Petroleum Inc. for $71.5 million to reduce fuel costs for its gas-powered generators. Calpine said it had bought the 58 percent interest in the Rio Vista field that it did not already own.
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GERMAN ROOFING UNIT SOLD
Date: 04 January 2000
By Bloomberg News
Bloomberg News
The world's biggest maker of roofing materials, Lafarge S.A., said it bought the remaining shares in its German roofing unit, Lafarge Braas, for 740 million euros, or about $748 million. It paid for the 43.5 percent it did not own with 5.7 million shares and 81 million euros in cash.
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