Den 12 oktober 1994 var en onsdag under stjärntecknet ♎. Det var 284 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
Om du föddes den här dagen är du 30 år gammal. Din sista födelsedag var den lördag 12 oktober 2024, 360 dagar sedan. Din nästa födelsedag är den söndag 12 oktober 2025, om 4 dagar. Du har bott i 11 318 dagar, eller cirka 271 637 timmar, eller cirka 16 298 262 minuter, eller cirka 977 895 720 sekunder.
Date: 12 October 1994
By Bloomberg News
Bloomberg News
Time Warner Inc. said yesterday that ABC News and NBC News would join in the interactive news-on-demand service to be offered on Time Warner's Full Service network next year. The network will be introduced in Orlando, Fla., and will include news, television programming and reports produced by Time Warner publications like Time, Sports Illustrated, Fortune, Money, Entertainment Weekly and Life.
Date: 13 October 1994
By Steven A. Holmes
Steven Holmes
As a people, Americans are living longer, smoking less, spending more money on books, newspapers and magazines, are less likely to get a divorce or own a gun and more likely to belong to a church. They are even eating more broccoli. These are some of the highlights of the 1994 Statistical Abstract of the United States, a potpourri of facts compiled by the Census Bureau. The report, published annually since 1878, provides a snapshot of changes in American life over 20 or 30 years or more.
Date: 13 October 1994
By Bloomberg News
Bloomberg News
British Aerospace P.L.C. reached an agreement yesterday to acquire VSEL P.L.C., a British nuclear submarine maker, in a move to consolidate two of Europe's largest military contractors. British Aerospace, the largest European military company, agreed to buy VSEL for stock that it valued at $:478.5 million, or about $755 million, and will also offer investors the option of cash for their VSEL shares. The VSEL acquisition would almost assure that British Aerospace will win the contract to build Britain's next generation of nuclear-powered submarines, valued at $:2.5 billion, analysts said.
Date: 13 October 1994
By Bloomberg News
Bloomberg News
The Canadian administrator of Olympia & York Developments Ltd. of Toronto and the company's United States subsidiary have agreed to a truce in their long-running dispute. The administrator, appointed by a court to oversee the parent company while it is in the Canadian equivalent of bankruptcy protection, had sought to dismiss two officers of Olympia & York's United States unit: Richard R. Shinn, the unit's chairman, and Willard C. Butcher, a director. Under an agreement reached last week, the two men will be allowed to keep their jobs for 60 days. The unit agreed not to litigate the matter during that period. The agreement comes as John E. Zuccotti, chief executive of the United States unit, prepares to present the unit's board with a reorganization plan.
Date: 13 October 1994
By Bloomberg News
Bloomberg News
The Compaq Computer Corporation, based in Houston, is negotiating with a number of long-distance carriers and regional telephone companies to develop products and services as the personal computer increasingly becomes a communications device, a Compaq executive said today. The executive, Ross Cooley, senior vice president in charge of North American operations, said Compaq "is in negotiations with a goodly number of partners," including regional Bell companies, but he ruled out the AT&T Corporation.
Date: 12 October 1994
By Bloomberg News
Bloomberg News
The stock price of the Procter & Gamble Company reached an all-time high yesterday, after the giant consumer-products concern said it expected to report record sales and earnings for the fiscal first quarter. Shares of P.& G., which is based in Cincinnati, traded as high as $62.875, a record high after adjusting for stock splits, before closing at $62.375, up $2.50, on the New York Stock Exchange. Volume was almost 2.4 million shares. In the first quarter of last year, P.& G.'s net income was a record $670 million, or 95 cents a share.
Date: 12 October 1994
By Bloomberg News
Bloomberg News
The securities unit of the BankAmerica Corporation received approval from the Federal Reserve yesterday to underwrite debt and equity issues. The unit, BA Securities, handles securities sales and trading and performs investment banking for the parent, BankAmerica said. While bank companies generally are barred from underwriting activities, they are permitted to do some securities business through certain nonbanking subsidiaries, the company said.
Date: 13 October 1994
By Bloomberg News
Bloomberg News
The Thermo Electron Corporation, based in Waltham, Mass., raised its unsolicited bid yesterday for the Puritan-Bennett Corporation to $24 a share, or $300 million. In a letter to Puritan-Bennett, George N. Hatsopoulos, Thermo Electron's chairman and president, reiterated a desire to start friendly negotiations. Puritan-Bennett, based in Overland Park, Kan., declined to comment on the new offer. Thermo Electron's earlier offer of $21 a share, or $263 million, was unanimously rejected on Tuesday by Puritan-Bennett's board as "grossly inadequate." Shares of Puritan-Bennett rose 75 cents yesterday, to $23.75, in Nasdaq trading.
Date: 13 October 1994
By Bloomberg News
Bloomberg News
The board of the Santa Fe Pacific Corporation refused yesterday to provide the Union Pacific Corporation with information that might justify a higher bid for a merger of the companies. Last week, Santa Fe's board rejected Union Pacific's offer of $18 a share, or about $3.2 billion. The Union Pacific offer was an attempt to derail Santa Fe's agreement to merge with Burlington Northern Inc. in a stock deal valued at $13 a share, or $2.5 billion. On Tuesday, Union Pacific said it might be willing to raise its bid for Santa Fe if it had access to information that would justify a higher price.
Date: 12 October 1994
By Bloomberg News
Bloomberg News
McCormick & Company said yesterday that it would take a charge of $44 million to cover two plant closings and the elimination of about 600 jobs, among other steps. The job cuts will affect about 7 percent of the work force at McCormick, a producer of spices, seasonings, flavorings and specialty foods based in Sparks, Md. The company has about 40 percent of the consumer spice market in the United States. McCormick also plans to sell its Golden West foods unit, which makes onion rings for the fast-food industry. Shares of McCormick rose 50 cents, to $20.25, in Nasdaq trading.