24 iunie 1993 era un joi sub semnul stelut al lui ♋. Era ziua 174 din an. Președintele Statelor Unite a fost William J. (Bill) Clinton.
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24th of June 1993 News
Știri așa cum au apărut pe prima pagină a New York Times la 24 iunie 1993
F.C.C. Split May Imperil Post Waiver for Murdoch
Date: 25 June 1993
By Edmund L. Andrews
Edmund Andrews
A potential division has emerged among the three members of the Federal Communications Commission over whether to grant Rupert Murdoch a waiver that he needs to acquire the bankrupt New York Post. While the disagreement could be resolved, it casts new doubt on whether Mr. Murdoch will be able to proceed with his plans to permanently regain control of the newspaper he was forced to give up in 1988.
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WESTINGHOUSE SELLS 1,571 RAILROAD CARS
Date: 25 June 1993
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation said yesterday that it had sold 1,571 railroad cars to the GATX Capital Corporation's rail division. Terms were not announced. The San Francisco-based GATX Rail, which runs a lease fleet of 42,000 freight cars and 850 locomotives, purchased cars with an original market value of $100 million. Most of the cars are less than five years old. The sale is part of Pittsburgh-based Westinghouse's three-year restructuring plan to eliminate $6.2 billion in debt by selling assets, real estate and businesses. The railcars were owned by a subsidiary of Westinghouse Financial Services Inc., which Westinghouse is liquidating.
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Cup Maker Is Sold for $441 Million
Date: 25 June 1993
By Bloomberg News
Bloomberg News
Sweetheart Holdings Inc. will be sold for about $441 million to an investment group that will also recapitalize the debt-laden company. The group, which includes several former corporate chief executives, agreed in May to purchase the Chicago-based maker of paper cups and plates and ice cream cones from the Morgan Stanley Group. The price was disclosed today in a registration statement filed with the Securities and Exchange Commission and reflects repurchase, repayment or assumption of debt. Acquired in 1989 Morgan Stanley led an investor group that bought Sweetheart's predecessor from the Fort Howard Corporation for about $620 million in November 1989 after an attempt to auction the company failed. The firm took a $29 million pretax charge in its fiscal first quarter, ended April 30, related to the proposed sale. The transaction will eliminate a 1990 loan that the securities firm made to Sweetheart.
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TAMBRANDS TO TAKE $20 MILLION CHARGE FOR QUARTER
Date: 24 June 1993
By Bloomberg News
Bloomberg News
Tambrands Inc., the maker of Tampax tampons, said yesterday that it would take an after-tax charge of $20 million for the second quarter, which ends on June 30. The charge covers one-time costs that are part of a program to reduce operating costs and increase efficiency. Tambrands, based in White Plains, said earlier this month that second-quarter earnings would fall "significantly below" the level of 72 cents a share for the period a year earlier.
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SOLECTRON TO PURCHASE FACTORY FROM HEWLETT-PACKARD
Date: 24 June 1993
By Bloomberg News
Bloomberg News
The Solectron Corporation will buy a factory near Seattle from the Hewlett-Packard Company. The purchase price was not disclosed. Solectron, based in San Jose, Calif., assembles electronics products for other companies; it is the world's second-largest contract manufacturer. Solectron and Hewlett-Packard, based in Palo Alto, Calif., signed a memorandum of understanding for Solectron to buy the assets and process technology for Hewlett's Lake Stevens, Wash., instrument division, a printed circuit assembly plant with 85 employees.
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MICHELIN TO CUT WORK FORCE IN U.S. AND CANADA BY 9%
Date: 24 June 1993
By Bloomberg News
Bloomberg News
Michelin North America said yesterday that it would slash at least 2,500 jobs -- about 9 percent of its work force in the United States and Canada -- because the company expects softer demand for tires. Michelin North America employs 28,000 people at 18 plants and Uniroyal Goodrich, the United States tire company it acquired in 1990. Michelin North America is a unit of Michelin of France, the world's largest tire maker. It has tire plants in South Carolina, Alabama, Oklahoma, Indiana, Nova Scotia and Ontario.
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ANTITHEFT-TAG REPORT SPURS TRADING IN RIVAL PRODUCERS
Date: 25 June 1993
By Bloomberg News
Bloomberg News
Shares of the Sensormatic Electronics Corporation fell 5 percent yesterday while those of its rival, Checkpoint Systems Inc., rose nearly 17 percent following reports about Sensormatic's antitheft tags for audio tapes. The reports said that the National Association of Recording Merchandisers, which had endorsed Sensormatic's anti-shoplifting technology, had concluded the devices could harm the sound quality of standard Type 1 tapes, which make up the majority of cassettes.
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B.C.C.I. Unit's Sale Complete
Date: 24 June 1993
By Bloomberg News
Bloomberg News
The First Union Corporation said today that it had completed the acquisition of the First American Metro Corporation of McLean, Va., the last remaining United States operation of the collapsed Bank of Credit and Commerce International . First Union purchased the bank, with its $4.6 billion in assets and 174 offices in Virginia, Maryland and Washington, D.C., for $453 million in cash, just meeting today's deadline that was set by the Federal Government for liquidating First American's assets.
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COMPANY NEWS
Date: 25 June 1993
MCDONALD'S CORP., Oak Brook, Ill., said it would open in Israel, avoiding a ban there on importing frozen foreign potatoes by producing its own supplies locally. UNITED PARCEL SERVICE OF AMERICA INC., Atlanta, said it would build a $55 million data center in Atlanta to support the company's global telecommunications headquarters in Mahwah, N.J.
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COMPANY NEWS
Date: 24 June 1993
AMERICAN TELEPHONE AND TELEGRAPH CO., Basking Ridge, N.J., said it had bought a majority interest in Meson, a distributor of business communications systems in Poland. Terms were not disclosed. BE AEROSPACE, Wellington, Fla., said yesterday that it was in talks to purchase the Acurex Corp. of Mountain View, Calif., a maker of galley equipment for airliners, for $62.5 million.
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