5 august 1995 era un sâmbătă sub semnul stelut al lui ♌. Era ziua 216 din an. Președintele Statelor Unite a fost William J. (Bill) Clinton.
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5th of August 1995 News
Știri așa cum au apărut pe prima pagină a New York Times la 5 august 1995
Newspaper Decides Not to Fight Singapore Libel Award
Date: 06 August 1995
By William Glaberson
William Glaberson
The International Herald Tribune, which has been assessed $678,000 in damages in Singapore for an opinion article that was held to have libeled officials of the authoritarian Government there, will not fight the court decision, the paper's president says. He also says the paper plans to continue printing and distributing an edition in Singapore despite the July 26 ruling. The fight over the opinion article, published in August 1994, and a second one published by the paper in October has put The International Herald Tribune at the center of an awkward struggle over how far American news organizations will compromise with governments that reject American concepts of a free press.
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SUNDAY, August 6, 1995; SALESMANSHIP: Pushing The Right Buttons
Date: 06 August 1995
Quorum International is a marketing company based in Phoenix that says it has at least 20,000 salespeople peddling personal, home and car alarms to their family and friends. When Quorum reps drop into your living room, the pins on their lapels ask: "Are You Alarmed?" Then they give you a pamphlet that warns "a violent crime involving a personal assault occurs every 19 seconds" and they start pushing products like My Paal (shown above), a personal security alarm geared for the teen-age market. For a warning blast, push the button; to activate a 103-decibel continuous alarm, pull the pin.
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CORAM HEALTHCARE SHARES FALL ON NEWS OF RESIGNATIONS
Date: 05 August 1995
By Bloomberg News
Bloomberg News
The shares of Coram Healthcare Corporation sank 13 percent yesterday after two top executives resigned, the latest sign that the fast-growing company had stumbled in its plan to build the nation's largest provider of home health care. Coram's president, Patrick Fortune, and an executive vice president, Olav Bergheim, are both leaving the company, less than a month after the chief financial officer quit. Last month, the company scrapped a plan to buy Lincare Holdings Inc. for $950 million in stock after Coram shares lost 40 percent of their value.
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MERCANTILE BANCORP AGREES TO PURCHASE HAWKEYE
Date: 05 August 1995
By Bloomberg News
Bloomberg News
Mercantile Bancorp said yesterday that it had agreed to buy Hawkeye Bancorp for $351 million in stock, enhancing its position in Iowa. Hawkeye, a $2-billion-asset bank based in Des Moines, operates 65 branches in its home state. Mercantile, based in St. Louis, already operates in Iowa as well, but it said it did not overlap with Hawkeye in any markets. The agreement between the two companies calls for Hawkeye shareholders to receive 0.585 share of Mercantile stock for each of their shares. At yesterday's closing price of $43.125 for Mercantile shares, down 75 cents, that comes to $25.23 for each Hawkeye share.
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HARVEY GROUP FILES FOR BANKRUPTCY PROTECTION
Date: 05 August 1995
By Bloomberg News
Bloomberg News
Harvey Group Inc., which owns seven consumer-electronics stores in New York and New Jersey, filed yesterday for protection from creditors under Chapter 11 of the Federal Bankruptcy Code. Harvey is one of several electronics retailers in the New York area that have encountered financial difficulties. Other such chains that have gone into bankruptcy protection include the defunct Crazy Eddie, 47th Street Photo and Trader Horn. Through its Harvey Electronics unit, Harvey sells consumer-electronic goods, including audio and video equipment. Hurt by declining sales, it has reported losses for the last four years.
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3DO SHARES RETREAT AS GAME PRODUCTION IS CUT
Date: 05 August 1995
By Bloomberg News
Bloomberg News
The shares of the 3DO Company fell yesterday after the Toshiba Corporation said it would not produce 3DO's video game machine and the Sanyo Electric Company said it would reduce production of the game. The decisions by the two Japanese consumer electronic companies hurts the money-losing 3DO, based in Redwood City, Calif., which is competing against the video-game industry leaders Nintendo and Sega. 3DO shares were down $1.75, at $11.875, in Nasdaq trading yesterday. 3DO designs the electronics and software for the game machines.
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DRYPERS SHARES PLUNGE BY 37% ON DEFICIT REPORT
Date: 05 August 1995
By Bloomberg News
Bloomberg News
Shares of the Drypers Corporation plunged 37 percent yesterday after the company reported a second-quarter loss and said it might be forced to seek a buyer or, as a last resort, bankruptcy protection if cash flow continued to fall. Drypers, a maker of private-label disposable diapers, said it had lost about 20 percent of its market share in the quarter as competitors stepped up promotional activity while it was renaming its product line. Because of the reduced cash flow and higher pulp prices, Drypers said it was forced to default on certain provisions of its $15 million revolving credit facility and $2 million term loan. As a result, the company is paying higher interest.
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Canary Wharf Loses a Bidder
Date: 05 August 1995
By Bloomberg News
Bloomberg News
The New York developer Tishman Speyer Properties said yesterday that it had dropped out of the bidding for London's Canary Wharf office complex.
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General Re Buys Asset Manager
Date: 05 August 1995
By Bloomberg News
Bloomberg News
The General Re Corporation said today that it had acquired New England Asset Management, in the latest of a string of mergers among financial services companies. The deal was done for stock but other financial terms were not disclosed and neither company returned telephone calls seeking comment.
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Atlantic Bank Fined $1 Million on Cover-Up
Date: 05 August 1995
By Bloomberg News
Bloomberg News
The Atlantic Bank of New York was fined $1.1 million yesterday after it pleaded guilty to Federal charges of helping its clients evade declaring large cash transactions to Government authorities. The bank, a subsidiary of the National Bank of Greece with strong ties to the Greek-American community, admitted that some branch employees had helped customers avoid a Federal law requiring declaration of cross-border transactions of more than $10,000.
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