16 septembrie 1995 era un sâmbătă sub semnul stelut al lui ♍. Era ziua 258 din an. Președintele Statelor Unite a fost William J. (Bill) Clinton.
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16th of September 1995 News
Știri așa cum au apărut pe prima pagină a New York Times la 16 septembrie 1995
Hearing Set on Magazine Article
Date: 16 September 1995
By Deirdre Carmody
Deirdre Carmody
A hearing has been set for Monday in which The McGraw-Hill Companies will ask an appeals court to reverse an order that blocked Business Week magazine from publishing information contained in sealed court documents. The hearing, scheduled for 2 P.M. before a three-judge panel in the United States Court of Appeals for the Sixth Circuit, in Cincinnati, involves a court order issued on Wednesday evening by Judge John Feikens.
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COMPANY NEWS;
Date: 16 September 1995
By Bloomberg News
Bloomberg News
The Union Pacific Corporation said yesterday that it would pay $975.8 million in cash for 38 percent of the tendered shares of the Southern Pacific Company, the railroad that Union Pacific is buying. The rest of the $4 billion purchase price will be paid for in shares of Union Pacific at a ratio of 0.4065 share of Union Pacific common stock. Union Pacific, based in Bethlehem, Pa., said it had paid $25 a share for 39.03 million shares of San Francisco-based Southern Pacific. Union Pacific now owns about 25 percent of Southern Pacific's common shares and has placed those shares in a voting trust. The merger is pending Interstate Commerce Commission approval.
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BAXTER INTERNATIONAL COMPLETES STOCK BUYBACK
Date: 16 September 1995
By Bloomberg News
Bloomberg News
Baxter International Inc. said yesterday that it had completed a $500 million stock buyback announced in February. Baxter, a medical products maker based in Deerfield, Ill., said it was able to complete the share repurchase ahead of schedule because of the company's financial performance and the sale of its Industrial and Life Sciences unit. Baxter announced yesterday that the sale of the unit to the VWR Corporation for $400 million had been completed. The acquisition was announced on May 25. In addition, Baxter said its board had approved plans for a $100 million plant in Europe to make its blood substitute, Diaspirin Cross-linked Hemoglobin.
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COURT CLEARS AT&T SETTLEMENT WITH LIN HOLDERS
Date: 16 September 1995
By Bloomberg News
Bloomberg News
A settlement between the AT&T Corporation's McCaw Cellular Communications unit and shareholders of the LIN Broadcasting Corporation was approved yesterday in Wilmington, Del., by the state's Chancery Court, ending all litigation over the matter. The LIN holders had sued over an acquisition price they said was too low. McCaw said in June that it had settled the suits by agreeing to pay an additional $2 a share for the remaining 48 percent of LIN, raising AT&T's price for LIN to $129.50 a share, or $3.31 billion, from an April agreement to pay $127.50 a share, or $3.26 billion.
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J. P. MORGAN QUITS CUSTOM-MADE MORTGAGE BUSINESS
Date: 16 September 1995
By Bloomberg News
Bloomberg News
J. P. Morgan Securities Inc. plans to get out of the business of creating and selling custom-made mortgage securities as the $900 billion market faces its worst slump in years. J. P. Morgan sold its remaining collateralized mortgage obligations this week, and intends to stop trading and underwriting new issues. About a dozen people are expected to lose their jobs. The company expects to continue to trade mortgage pass-through securities, which represent pools of home mortgages, as well as underwrite bonds backed by commercial loans and asset-backed bonds.
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International Briefs; Pearson Lists Gains From British Sky Sale
Date: 16 September 1995
By Bloomberg News
Bloomberg News
Pearson P.L.C., the British-based media company, said yesterday that it could gain as much as $:563 million ($871 million) from the global sale of shares in the satellite broadcaster British Sky Broadcasting Group P.L.C. The company said it had raised $:492 million by selling an 8.5 percent stake in the group and could earn an additional $:71 million if underwriters exercised an option to buy a further 21 million shares.
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International Briefs; German-French Deal
Date: 16 September 1995
By Bloomberg News
Bloomberg News
France Telecom and Deutsche Telekom are sending to the European Union major new proposals on their planned joint venture, a France Telecom spokesman said yesterday. The two state-owned telephone monopolies will elaborate on the changes in a letter to the European Union's antitrust chief, Karel Van Miert. The spokesman declined to elaborate on what the changes were. The partners had been required by the European Union to present a modified blueprint for their alliance by yesterday, after their earlier proposal was found not to be fostering competition.
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Intuit Posts Narrower Net Loss But Operating Deficit Widens
Date: 16 September 1995
By Bloomberg News
Bloomberg News
Intuit Inc. reported today that its fiscal fourth-quarter loss from operations widened, although its bottom line was helped by a fee from the Microsoft Corporation for the breakup of an acquisition agreement. The publisher of Quicken software posted a loss from operations of $7.2 million, or 17 cents a share. Wall Street had expected a loss from operations of about 20 cents, according to IBES International Inc.
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U.S.-British Talks Collapse On Airline-Access Issues
Date: 16 September 1995
By Bloomberg News
Bloomberg News
Talks between American and British negotiators aimed at improving access for airlines in both countries broke down today, and Transportation Secretary Federico Pena said he was not sure they should be resumed. "I am disappointed that, after all of the time and effort we have spent to liberalize aviation relations with the U.K., the current round of negotiations in London has not resulted in an agreement," Mr. Pena said in a terse statement announcing that the talks had ended in London. The two leading American negotiators, Mark Gerchick, the Department of Transportation's acting director of international aviation, and Jim Tarrant from the State Department, left London today after the breakdown of the talks.
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Cotton Surges 4th Straight Day On Fears of Hurricane's Rains
Date: 16 September 1995
By Bloomberg News
Bloomberg News
Cotton prices surged their daily limit for the fourth consecutive day yesterday as traders feared that Hurricane Marilyn could bring damaging rain to crops near the Gulf of Mexico. On other markets, gasoline prices slipped, while rising corn and soybean prices pushed the Commodity Research Bureau index up 0.68 point, to 242.39.
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