15 august 1995 era un marți sub semnul stelut al lui ♌. Era ziua 226 din an. Președintele Statelor Unite a fost William J. (Bill) Clinton.
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15th of August 1995 News
Știri așa cum au apărut pe prima pagină a New York Times la 15 august 1995
DIGITAL EQUIPMENT'S OFFICER JOINS MICROSOFT RESEARCH
Date: 15 August 1995
By Bloomberg News
Bloomberg News
The Microsoft Corporation said yesterday that Gordon Bell, a former head of research and development at the Digital Equipment Corporation, had joined its research team. Mr. Bell, 60, is credited as the inventor of the VAX minicomputer and one of the architects of the Internet. He will will help Microsoft explore the use of video and high-speed networks in video conference technology, the company said. Bell also will help Microsoft develop software for large computer networks.
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MOTOROLA CUTTING JOBS IN WIRELESS DATA GROUP
Date: 15 August 1995
By Bloomberg News
Bloomberg News
The Motorola Corporation said it was cutting jobs in its wireless data group amid slow demand for its personal digital assistants, the Envoy and the Marco. Personal digital assistants are hand-held computers that allow users to send electronic mail and access information from a data base while traveling. Mil Ovan, director of marketing for the wireless data group at Motorola, declined to say how many jobs would be cut, but The Wall Street Journal reported yesterday that about 180 employees, or 20 percent, of the wireless data group staff would be cut.
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BROADWAY STOCK JUMPS AFTER FEDERATED DEAL
Date: 16 August 1995
By Bloomberg News
Bloomberg News
Shares of Broadway Stores Inc. more than doubled yesterday, the day after Federated Department Stores Inc. agreed to buy the company in a transaction valued at more than $1 billion. Broadway shares rose $4.25, to $7.125, on trading of 6.9 million shares on the New York Stock Exchange. Federated's stock fell $1.50, to $28, on the New York Stock Exchange. Each of Broadway's 46.9 million common shares outstanding will be converted into 0.27 share of Federated common stock. Based on yesterday's stock prices, Broadway shares would be worth $7.56 each in the deal. Federated, based in Cincinnati, will issue about 12.7 million shares of new common stock to Broadway shareholders and assume about $1 billion in Broadway debt.
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ARCSYS TO PAY $290 MILLION FOR INTEGRATED SILICON
Date: 15 August 1995
By Bloomberg News
Bloomberg News
Arcsys Inc. agreed yesterday to acquire Integrated Silicon Systems Inc. of Durham, N.C., for about $290 million of stock, a transaction that would combine two growing companies that specialize in software for design engineers. Integrated's stock soared $14.875 yesterday, closing at $61.625. Terms call for Arcsys, of Sunnyvale, Calif., to issue 1.5 of its shares for each of Integrated's 4.24 million shares outstanding. The deal was initially valued at about $284 million, or $67.125 for each Integrated Silicon share, based on the Arcsys closing stock price on Friday of $44.75. The per-share price rose yesterday to $61.625 as shares of Arcsys rose 87.5 cents, to $45.625.
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MERRILL LYNCH EXECUTIVE GOES TO DEUTSCHE BANK
Date: 16 August 1995
By Bloomberg News
Bloomberg News
Merrill Lynch & Company said yesterday that Michael Evelyn, head of North American bond syndication, had resigned, adding to a string of departures by senior fixed-income executives at the firm. Mr. Evelyn, 35, will join the securities unit of Deutsche Bank A.G., a spokesman for Deutsche Bank said. Mr. Evelyn, who joined Merrill Lynch in 1988, would be the sixth Merrill executive since April to join Deutsche Bank, which is based in Frankfurt. Mr. Evelyn was responsible for underwriting corporate bonds and syndicating the securities among other Wall Street firms. Merrill is the world's biggest bond underwriter. During the second quarter, Deutsche Bank was the third-ranked underwriter of international bonds, behind the Nomura Securities Company of Japan and Merrill.
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MESA DIRECTOR RESIGNS BEFORE BOARD DECISION
Date: 16 August 1995
By Bloomberg News
Bloomberg News
A board member of Mesa Inc., John L. Cox, resigned Tuesday, a week before Mesa's board is scheduled to discuss a possible sale or merger of the company. Mesa, based in Dallas, faces a potential takeover from an investor group that includes a former company executive, David Batchelder. Mr. Cox said "my resignation is for personal reasons and does not indicate a lack of confidence in Mesa's management or board of directors." Mr. Cox, a longtime friend of Mesa's chairman, T. Boone Pickens, was named to Mesa's board on Aug. 17, 1994, after he bought one million shares of Mesa stock. A Mesa spokesman, Jay Rosser, said the company's remaining directors would decide next Tuesday whether to find a replacement for Mr. Cox or to shrink the company's board to nine members.
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TJX PLANS TO SELL ITS HIT OR MISS STORES
Date: 16 August 1995
By Bloomberg News
Bloomberg News
The TJX Companies said yesterday that it would sell its Hit or Miss women's specialty apparel chain, because of problems in the women's discount apparel industry. TJX also said fiscal second-quarter profit from continuing operations fell 61 percent, to $7.71 million, or 8 cents a share, from $19.8 million, or 24 cents, in the corresponding period a year earlier. Revenue increased 9.5 percent in the period ended July 29, to $848.9 million. TJX, based in Framingham, Mass., said it would close 69 Hit or Miss stores and sell another 399 stores for $3 million in cash and $10 million in seven-year notes to a management team led by the president of Hit or Miss, Herb Yalof, a former president of Macy's Northeast.
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A.V.X. STOCK GAINS 21 PERCENT ON FIRST TRADING
Date: 16 August 1995
By Bloomberg News
Bloomberg News
Shares of the A.V.X. Corporation rose 21 percent yesterday in the first day of trading. The stock was priced at $25.50 and rose $5.375, to close at $30.875, in trading of 10.2 million shares. A.V.X. was a subsidiary of the Kyocera Corporation, an electronics maker based in Kyoto, Japan, which controls 78 percent of the 88 million shares outstanding. A.V.X., based in Myrtle Beach, S.C., makes electronic components.
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CORAM SHARES FALL 45% ON UNEXPECTED QUARTERLY LOSS
Date: 15 August 1995
By Bloomberg News
Bloomberg News
Shares of the Coram Healthcare Corporation lost more than 45 percent of their value yesterday after an unexpected second-quarter loss led some investors to question the company's ability to survive several recent missteps. The net loss of $66.3 million put Coram in violation of some agreements governing its $419.8 million of debt, although banks have agreed to relax covenants until the company can restructure its borrowings, Coram said. Shares of Coram fell $4.50 yesterday, to $5.25, on the New York Stock Exchange. About 8.2 million shares changed hands, making it the most actively traded stock in the country. Earlier this month, Coram's president, Patrick Fortune, and Olav Bergheim, an executive vice president in charge of field operations, were ousted.
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Business-Travel Study
Date: 15 August 1995
By Bloomberg News
Bloomberg News
Business-travel costs are expected to increase 5 percent next year, according to a study by the Runzheimer International consulting firm.
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