27 august 1992 era un joi sub semnul stelut al lui ♍. Era ziua 239 din an. Președintele Statelor Unite a fost George Bush.
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27th of August 1992 News
Știri așa cum au apărut pe prima pagină a New York Times la 27 august 1992
News Corp. Posts Profit In Contrast to '91 Loss
Date: 27 August 1992
By Geraldine Fabrikant
Geraldine Fabrikant
The News Corporation reported yesterday that its financial turnaround was continuing, as it posted fourth-quarter net income of $47.9 million, or 18 cents per American depository receipt, in contrast to a loss of $348.9 million a year earlier. Revenues for the Australian-based media giant dropped to $1.86 billion, from $2.03 billion a year earlier, primarily as a result of asset sales.
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INSIDE
Date: 27 August 1992
Rightists Riot in Germany As politicians argued over who was to blame, police officers in a German port battled Neo-Nazi youths for the fifth consecutive night. Page A6. Many Warnings on B.C.C.I. For 10 years, Federal agencies received tips on B.C.C.I.'s backing of illegal international activities, a Congressional study shows. Page D1. Bad Tidings on the Economy
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Stake in Champion
Date: 28 August 1992
By Bloomberg News
Bloomberg News
The Loews Corporation increased its stake in the Champion International Corporation to 18.43 percent from 16.72 percent by buying shares worth about $38.7 million. Loews, a holding company controlled by the investor Laurence A. Tisch, bought 1,593,400 shares of the forest-products company between Aug. 15 and Aug. 25 at $24 to $24.50 a share, according to a 13-D filed with the Securities and Exchange Commission. It now holds the equivalent of 17,128,853 shares, which includes convertible debentures.
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Humana's Net to Fall
Date: 28 August 1992
By Bloomberg News
Bloomberg News
Humana Inc. said that it expected to take fourth-quarter charges of $175 million to $225 million, and that it had lowered its earnings estimate to 34 to 36 cents a share, exclusive of special items, from 58 cents a year earlier. Humana said the after-tax charges were a result of dividing into two separate companies and a decline in operating results. Under the proposed plan, a company would be spun off to own and operate Humana hospitals, while Humana Health Care Plans would be owned and operated by Humana Inc.
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EXXON'S PRESIDENT AND OTHER OFFICERS SELL SHARES
Date: 28 August 1992
By Bloomberg News
Bloomberg News
The Exxon Corporation's president, Lee Raymond, sold 45,999, or 43 percent, of his shares in the Irving, Tex., oil giant. Mr. Raymond sold the shares Aug. 5 for $64.76 each and now holds 59,627 shares. In addition, other company officials sold about 151,000 shares in the last month for $55 to $64.76 each, Securities and Exchange Commission filings show. The sales come as Exxon stock has reached highs and as falling United States interest rates have weakened the dollar and driven overseas operating expenses up. This could push down earnings for an international company like Exxon. "The stock price by some people's standards is close to the asset valuation," said Benjamin Rice, an analyst at Brown Brothers Harriman in New York. Exxon officials declined to comment.
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JUDGE APPROVES MEDIATOR FOR COLUMBIA GAS CLAIMS
Date: 27 August 1992
By Bloomberg News
Bloomberg News
A Federal judge yesterday approved a mediator to help settle producer claims against the Columbia Gas Transmission Corporation. Charles P. Normandin of the law firm of Ropes & Gray in Boston will serve as the mediator, subject to his disclosing relationships with any of the interested parties and the filing of any objections, United States Bankruptcy Court Judge Helen Balick ruled in Wilmington, Del. Columbia Gas Transmission, a Charleston, W.Va., unit of the Wilmington-based Columbia Gas System, said the producer claims that are subject to the procedures total more than $13 billion. The company, which produces, stores and sells natural gas, valued the the claims at less than $1 billion.
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Mycogen Joins Lubrizol In a $135 Million Venture
Date: 28 August 1992
By Bloomberg News
Bloomberg News
The Mycogen Corporation said today that it had agreed to form a venture with the Lubrizol Corporation to buy Lubrizol's seed and plant science unit in a transaction valued at about $135 million. The companies will work together to develop genetically engineered biological crop pesticides and seed products.
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COKE BOTTLER AGREES TO PAY FINE IN BRIBERY CASE
Date: 27 August 1992
By Bloomberg News
Bloomberg News
A unit of Coca-Cola Enterprises Inc. of Atlanta will pay a $177,000 civil penalty to settle charges that it had bribed an employee of a Navy base to increase vending machine sales of soft drinks, the Justice Department said yesterday. The Mid-Atlantic Coca-Cola Bottling Company was accused of bribing a former employee at the base in Norfolk, Va., by providing thousands of free and discounted cases of soft drinks to a company owned by the employee. Mid-Atlantic pleaded guilty in 1990 to criminal charges filed in the case. Coca-Cola Enterprises, a big bottler of Coca-Cola and other drinks, is 49 percent owned by the Coca-Cola Company.
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Mentor Graphics Will Cut 100-200 Jobs and Freeze Pay
Date: 27 August 1992
By Bloomberg News
Bloomberg News
The Mentor Graphics Corporation will eliminate 100 to 200 jobs and freeze salaries through 1993, the company announced today. The maker of electronic design systems for the electrical engineering industry also said it expected to report a third-quarter charge of $15 million to $25 million as a result of a restructuring plan.
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Shoney's Net Rises by 27%
Date: 28 August 1992
By Bloomberg News
Bloomberg News
Shoney's Inc. said today that its fiscal third-quarter net income jumped 27 percent, to $15.38 million, or 36 cents a share, from $12.08 million, or 30 cents a share, a year earlier. The restaurant company's revenue rose to $257.1 million from $243.9 million.
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