Den 30 juli 1992 var en torsdag under stjärntecknet ♌. Det var 211 e dagen i året. Förenta staternas president var George Bush.
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30th of July 1992 News
Nyheter som framträdde på New York Times framsida den 30 juli 1992
Big Board Censures Firms
Date: 31 July 1992
By Bloomberg News
Bloomberg News
The New York Stock Exchange said yesterday that it had disciplined Dean Witter Reynolds Inc. and Adler, Coleman & Company along with 24 individuals for violations of exchange rules and Federal securities laws. Dean Witter, a unit of Sears, Roebuck & Company, was censured and fined $45,000. The company consented to the penalty without admitting or denying allegations that it had failed to adequately supervise accounts serviced by branch office managers and an account serviced by one of its registered representatives.
Full Article
Wetterau Net Declines
Date: 30 July 1992
By Bloomberg News
Bloomberg News
Wetterau Inc.'s first-quarter net income fell to $11 million, or 49 cents a share, from $13.7 million, or 60 cents, a year earlier. The food wholesaler is scheduled to be acquired by Minneapolis-based Supervalu Inc. in a stock swap valued at $642.5 million. Wetterau said in its earnings release that it had signed a definitive merger agreement with Supervalu. Wetterau's sales for the quarter were unchanged at $1.4 billion.
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HOUSEHOLD PRODUCTS UNIT FOR SALE AT BRISTOL-MYERS
Date: 30 July 1992
By Bloomberg News
Bloomberg News
The Bristol-Myers Squibb Company said yesterday that it would put up for sale its Drackett Company unit, the maker of Windex, Drano and other household products. Bristol-Myers said it decided to sell Drackett, which employs 1,600 people in the United States and Canada, because the unit did not fit within the company's increased emphasis on health and personal-care products. Bristol-Myers, which acquired Cincinnati-based Drackett in 1965, said it would seek a buyer with a major focus on household and cleaning products.
Full Article
LOSSES NARROWED AT MCCAW CELLULAR COMMUNICATIONS
Date: 30 July 1992
By Bloomberg News
Bloomberg News
McCaw Cellular Communications Inc., the nation's largest cellular telephone company, yesterday reported a second-quarter loss of $85.6 million, sharply lower than the $133.7 million loss reported in the period a year earlier. The company said net revenue rose 25 percent in the quarter, to $426.4 million, up from $342.4 million in the period last year.
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Chock Full o' Nuts Picks Chief
Date: 30 July 1992
By Bloomberg News
Bloomberg News
The Chock Full o' Nuts Corporation said yesterday that its board had elected Joseph Breslin, currently executive vice president of food services, chairman and chief executive officer of the coffee and food company. The top positions of the company have been vacant since Dr. Leon Pordy resigned earlier this month, citing health reasons.
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CHEVRON WILL SPEND $750 MILLION TO UPGRADE REFINERY
Date: 31 July 1992
By Bloomberg News
Bloomberg News
A Chevron Corporation unit plans to spend $750 million to upgrade its San Francisco-area refinery. The majority of the upgrading, to occur during the next four to five years, is designed to bring the refinery into compliance with Federal and state air pollution regulations. The project is expected to create about 1,000 construction jobs. Chevron holds 16.8 percent of the California gasoline market and is the second-largest marketer, said Ron Londe, an analyst with A. G. Edwards & Sons. California is one of the largest gasoline markets in the world, he said.
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SEWING MACHINE VENTURE IS PLANNED BY SINGER FOR CHINA
Date: 30 July 1992
By Bloomberg News
Bloomberg News
The Singer Company N.V. said yesterday that it would enter a venture with the Butterfly Company, an enterprise run by the provincial government of Shanghai, to build a sewing machine plant in China. The joint venture will also set up retail stores in China to sell Singer sewing machines and other products, Singer said. Singer, which will own 70 percent of the venture, will finance construction of the new plant. Butterfly, which is said to operate the largest sewing machine factory in the world, will hold a 30 percent stake in the venture, Singer said.
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NISSAN IS SAID TO PLAN REDUCTION IN AUTO PARTS
Date: 30 July 1992
By Bloomberg News
Bloomberg News
The Nissan Motor Corporation, the second-largest auto maker in Japan, will gather its 120 auto parts suppliers on Aug. 6 to tell them the company's plan to reduce the number of parts for all makes of its cars by around 30 percent in a standardization program, the newspaper Nihon Keizai said. By reducing the number of parts, the company hopes to reduce production costs, the paper said. Parts makers can also benefit from economy of scale, it said.
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DURACELL 4TH-PERIOD RESULTS REBOUND ON BATTERY SALES
Date: 31 July 1992
By Bloomberg News
Bloomberg News
Duracell International Inc. reported record fourth-quarter profits yesterday, citing strong worldwide sales of its alkaline batteries and the benefits of lower interest rates. Duracell earned $23.4 million, or 20 cents a share, compared with a loss of $71 million in the year-earlier period. Sales rose 14 percent to $355.7 million. The 1991 period included a charge of 73 cents a share for the retirement of debt.
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AMERICAN HOME PRODUCTS SETTLES PLANT-CLOSING SUITS
Date: 30 July 1992
By Bloomberg News
Bloomberg News
The American Home Products Corporation said yesterday that it had agreed to settle for $24 million all disputes with the Oil, Chemical and Atomic Workers International Union and a class of former and current employees involving the closing of four plants. The company said it did not expect the settlement to affect third-quarter earnings and that it had previously established a $24 million fund to cover expenses from the disputes.
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T.W.A. IS CLEARED TO BORROW $151 MILLION FROM ITS UNITS
Date: 31 July 1992
By Bloomberg News
Bloomberg News
The Trans World Airlines unit of Icahn & Company won approval from a Federal bankruptcy court yesterday to borrow $151 million from its subsidiaries. Judge Helen Balick said that although the loan's terms might not be "commercially reasonable" in the strict sense, as opponents argued, the fact that T.W.A. needed the money and could not get it elsewhere led her to approve the arrangement. T.W.A.'s treasurer, Robert Mitchell, said the borrowing consisted of two loans. The first, for $53 million, will be from the Travel Marketing Corporation. The remaining $98 million will come from unspecified subsidiaries.
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