20 iulie 1994 era un miercuri sub semnul stelut al lui ♋. Era ziua 200 din an. Președintele Statelor Unite a fost William J. (Bill) Clinton.
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20th of July 1994 News
Știri așa cum au apărut pe prima pagină a New York Times la 20 iulie 1994
Silicon Valley Concerns Offer Specialized News
Date: 21 July 1994
By John Markoff
John Markoff
Two small Silicon Valley companies began offering specialized news services to computer users this month, taking separate but ambitious paths toward designing the electronic newspaper of the future. Both new companies said they were trying to simplify the task of retrieving information with a personal computer. The services, which are part of a growing wave of cottage businesses using the Internet to reach millions of computer users, are made possible by the falling cost of delivering information electronically. Until recently, this has tended to be more costly than using conventional paper-based delivery.
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STRONG SUPPORT FOR HEALTH PLANS
Date: 20 July 1994
By Maureen Dowd
Maureen Dowd
Amid the cacophony of warring health care plans and partisan jibes, the public remains strongly committed to getting a plan passed and continues to endorse universal coverage. Americans are now as concerned about health care as they are about crime, and a majority say they are willing to pay higher taxes to make sure everyone is insured, according to the latest New York Times/CBS News poll.
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Lehman Appoints Executive
Date: 21 July 1994
By Bloomberg News
Bloomberg News
Lehman Brothers Holding Inc. announced yesterday that it had named Robert Lunn to head its global asset management unit. Mr. Lunn, 44, is the former co-head of Morgan Stanley Group Inc.'s brokerage group. At Lehman, he replaces Steven Spiegel, who resigned in May after 17 years with the company.
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TRIZEC PLAN FOR A REVAMPING IS APPROVED
Date: 21 July 1994
By Bloomberg News
Bloomberg News
A $1.37 billion (United States) reorganization plan for the Trizec Corporation was approved by a Canadian judge, who rejected a motion from junior creditors seeking more money. Judge Gregory Forsyth of the Alberta Court of Queen's Bench ruled that the restructuring plan of Trizec, a financially troubled real estate company, was fair to all parties involved. The junior creditors, owed more than $310 million in unsecured loans, wanted $23 million more than the $125 million allocated to them in the restructuring plan, so they voted against the plan on July 6. Under the plan, the senior creditors, who are owed about $1.2 billion, would receive 76 percent of the principal of their holdings in cash. Trizec, based in Calgary, holds interests in 85 office buildings and shopping centers in Canada and the United States. The company has been operating under court protection since March 19. The plan will take effect July 25, the company said.
Full Article
MASTERCARD STARTS A SMART-CARD PROGRAM
Date: 20 July 1994
By Bloomberg News
Bloomberg News
Mastercard International Inc. said yesterday that it had begun a previously planned program to develop microchip-based payment cards, known as smart cards. The cards depend on the establishment of global payment standards, a task being undertaken by Mastercard and its Belgium-based European partner, Europay International, along with Visa International Inc. The standards are to be completed by the end of this year. By the end of 1995, Mastercard plans to have rules for its customers on how to accept and issue smart cards. By 1996, the company plans to have terminals available to merchants. Smart cards would replace the magnetic strip now on the back of most credit cards with a chip that could hold the equivalent of about two pages of text.
Full Article
AMOCO EMBRACES ELECTRIC POWER GENERATION
Date: 21 July 1994
By Bloomberg News
Bloomberg News
The Amoco Corporation said yesterday that it planned to enter the independent electric power generation business. Amoco said it had set up a subsidiary in Houston to develop the business. Initially, the company will focus in areas where Amoco already has a presence. Amoco owns and operates about 800 megawatts of worldwide generation capacity, used to support its internal operations.
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20,706 CUSTOMERS RESPOND TO MET LIFE
Date: 20 July 1994
By Bloomberg News
Bloomberg News
More than 20,000 policyholders of the Metropolitan Life Insurance Company who claim they were deceived by the company's sales tactics have sought cash refunds or a conversion of their policies to annuities, the claims administrator said in a court affidavit. Met Life offered premium refunds and interest to policyholders as part of the proposed settlement of a nationwide investigation sponsored by the National Association of Insurance Commissioners that said Met Life deceptively marketed insurance as a retirement plan throughout the country between 1990 and September 1993.
Full Article
APPLE'S QUICKTIME IS CHOSEN FOR SET-TOP BOXES
Date: 20 July 1994
By Bloomberg News
Bloomberg News
The Bell Atlantic Corporation said Apple Computer Inc.'s Quicktime multimedia technology would be used as the software component in the television set-top boxes for its full-service telecommunications networks. Bell Atlantic, based in Philadelphia, has said it will spend $11 billion during the next several years to upgrade its telecommunications network to offer phone, video and two-way services. The company will initially offer multimedia services in six areas in the mid-Atlantic region.
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FLEMING COMPLETES $1.08 BILLION PURCHASE OF SCRIVNER
Date: 20 July 1994
By Bloomberg News
Bloomberg News
The Fleming Companies completed its $1.085 billion cash purchase of Scrivner Inc., making it the nation's second-largest food marketing and distribution company, after the Kroger Company of Cincinnati. Fleming, which is based in Oklahoma City, bought Scrivner, also of Oklahoma City, from Franz Haniel & Cie. G.m.b.H. of Germany. A preliminary agreement had been announced on June 1. Fleming arranged a syndication of banks, led by J. P. Morgan & Company, for a $2.2 billion credit package that includes the acquisition and refinancing of about $1.2 billion in existing Fleming debt.
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KEMPER POSTPONES ANNUAL MEETING TO CONSIDER BID
Date: 21 July 1994
By Bloomberg News
Bloomberg News
The Kemper Corporation, the insurance and financial-services company based in Long Grove, Ill., said yesterday that it was postponing its annual meeting from August to late October or early November so that it might focus on the $3.25 billion bid by Conseco Inc. of Carmel, Ind. The merger is subject to approval by shareholders. Kemper first pushed this year's meeting back to August in response to a hostile takeover bid by the General Electric Company this spring.
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