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21st of June 1995 News
Știri așa cum au apărut pe prima pagină a New York Times la 21 iunie 1995
Man in the News; Black Leader for A.M.A. -- Dr. Lonnie Robert Bristow
Date: 22 June 1995
By Barnaby J. Feder
Barnaby Feder
There has been plenty of heated debate at the annual meeting here of the American Medical Association's House of Delegates, the 432 doctors whose votes on issues as diverse as assisted suicide and gun control and health care reform set policy for the society's nearly 300,000 members. None of the fractiousness, though, has revolved around Dr. Lonnie R. Bristow, a 65-year-old New York native who took office today as the first black president of the prestigious but troubled association.
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CHECHEN GUNMEN WHO RAIDED TOWN RELEASE HOSTAGES
Date: 21 June 1995
By Alessandra Stanley
Alessandra Stanley
Chechen gunmen who terrorized a Russian town for five days returned to their homeland in a bus convoy tonight and released their last hostages in a Chechen border town. The Chechen rebels, who had held hundreds of Russians captive in a hospital in the Russian town of Budyonnovsk, traveled into central Chechnya tonight with two buses and a refrigerated truck that carried their own dead from fighting Russian troops who twice tried to storm the hospital.
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COMPAQ INVESTS IN SPEECH-RECOGNITION COMPANY
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Compaq Computer Corporation said yesterday that it had invested in Purespeech Inc. as part of a plan to develop speech-recognition capability for its personal computers within a few years. Compaq did not disclose the size of its investment. Compaq, based in Houston, said speech recognition, which enables computers to follow spoken instructions instead of keyboard commands, would eventually become an important feature of computers. Purespeech, based in Cambridge, Mass., has developed a program that lets users "speak" to computers in simple sentences. Purespeech began marketing the program last year to companies offering high-volume telephone services.
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RJR NABISCO IS PLANNING AN EXCHANGE OF STOCK
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The RJR Nabisco Holdings Corporation said yesterday that it planned to exchange as much as $1.23 billion of new securities for expensive preferred stock in an effort to reduce financing costs. In a filing with the Securities and Exchange Commission, the company said it planned to exchange trust-originated preferred securities for as many as 49 million of its preferred shares. The one-for-one exchange will be less expensive for RJR Nabisco because the trust-originated securities are debt securities that are counted as equity on the balance sheet, people familiar with the transaction said. Debt is less expensive than preferred shares for companies because interest payments on debt are pretax expenses and reduce taxable income. RJR Nabisco could pare about $10 million from its annual costs as a result of the exchange, analysts said.
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CHEMICAL BANKING RAISES DIVIDEND 14 PERCENT
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Chemical Banking Corporation raised its quarterly dividend 14 percent yesterday. Chemical, the nation's third-largest banking company, raised the dividend to 50 cents a share from 44 cents a share, payable on July 31 to shareholders of record on July 6. Chemical has raised its dividend four times, or a total of 66.6 percent, since March 1993. Shares of Chemical rose 75 cents, to $47.625, on the New York Stock Exchange.
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FONAR SUES SIEMENS AND PHILIPS UNITS IN PATENT CASE
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Fonar Corporation said yesterday that it had sued units of Siemens A.G. of Germany and Philips Electronics N.V. of the Netherlands, accusing them of infringing patents covering magnetic-resonance imaging technology. The suits, which were filed on Friday in Federal District Court in Hauppauge, L.I., follow Fonar's court victory last month in a patent case involving the General Electric Company. In that case, a Federal jury awarded $110.5 million to Fonar, a maker of M.R.I. machines based in Melville. L.I., after concluding that G.E. had infringed two patents. The court has not ruled yet on a motion by G.E. to overturn the verdict. Two of the four patents at issue in the latest suits are the same as those in the G.E. trial.
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P.& G. PLANNING SALE OF SOME SMALLER BRANDS
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The Procter & Gamble Company said yesterday that it planned to sell about 10 minor brands to concentrate on its larger products. The brands, which include Bain de Soleil sun-care products, Fisher nuts and the Star and Dari margarine brands in the Philippines, account for less than five-tenths of 1 percent of P.& G.'s annual sales of $32 billion, or less than $160 million. P.& G., based in Cincinnati, markets more than 300 brands, including Tide detergent, Charmin toilet tissue and Crest toothpaste, in 140 countries. The company, which said in May that it would sell the Star and Dari brands to the San Miguel Company, said it was in talks with prospective buyers of Ban de Soleil and Fisher. P.& G. said it would wait to identify the other brands up for sale.
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WESTINGHOUSE AGAIN SET TO SELL MICROS SYSTEMS STAKE
Date: 22 June 1995
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation said yesterday that it would try for a second time this year to sell its 62 percent stake in Micros Systems Inc. for at least $150 million as part of a plan to reduce debt. In March, Westinghouse postponed a planned secondary offering of its 4.85 million shares in Micros, a maker of point-of-sale computer systems used by restaurants and hotels. The sale was delayed because of market conditions. Westinghouse, based in Pittsburgh, now plans to sell its stake in Micros, a publicly traded subsidiary based in Beltsville, Md., in the second half of this year, a spokesman said. Westinghouse acquired its stake in Micros in 1986. Micros shares fell $1.25, to $33.50, in Nasdaq trading yesterday, while Westinghouse shares slipped 12.5 cents, to $15.125, on the New York Stock Exchange.
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NISSAN SAID TO PLAN INCREASED PURCHASES OF U.S. PARTS
Date: 22 June 1995
By Bloomberg News
Bloomberg News
The Nissan Motor Company will increase its purchases of auto parts, including engine parts, from North American companies, the Nihon Keizai newspaper reported today, and will move production of some parts from Mexico to the United States. American and Japanese negotiators are scheduled to resume stalled talks on auto and auto-parts trade in Geneva later today, and the newspaper said Nissan would announce its revised procurement plan as soon as the United States dropped its demands that Japan meet numerical targets for increased parts purchases.
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NATIONAL SEMICONDUCTOR SAYS CHIP SALES REMAIN STRONG
Date: 21 June 1995
By Bloomberg News
Bloomberg News
The National Semiconductor Corporation said yesterday that new orders for chips had been stronger than expected and that it did not see any indication of the usual summer slowdown in sales. Speaking at a conference in New York, Thomas Odell, senior vice president of business process improvement at National Semiconductor, said he expected sales to rise as much as 20 percent in the next two quarters. National Semiconductor reported fiscal fourth-quarter earnings last week of $81.2 million, or 62 cents a share, on revenue of $669.8 million. Shares of the company rose $1.375, to $29, on the New York Stock Exchange.
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