Den 5 juni 1993 var en lördag under stjärntecknet ♊. Det var 155 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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5th of June 1993 News
Nyheter som framträdde på New York Times framsida den 5 juni 1993
Observer; The Rain In Spain Stays . . .
Date: 05 June 1993
By Russell Baker
Russell Baker
Instructions for a President: 1. Know thyself. You may not have peaked too soon, but you have certainly peaked very young. A man elected President at age 46 will be a mere 54 when he loses the job. That's if he is lucky. If he is not, the best job he can ever have will be over and done with when he is 50. Nowadays 54 is young and 50 is very young. 2. Act on this self-knowledge. In short, this is the whole ball game, right here and right now. After this, all else will be small cheese unless you think spending the final 30 or 40 years of your life reading history's judgments will be tons of fun. You must do something to make the historians respect you. Quit dawdling and do it now.
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MORE PEOPLE VIEW CLINTON AS LIBERAL AS HE SEEKS CENTER
Date: 06 June 1993
By Richard L. Berke
Richard Berke
As President Clinton struggles to return to the centrist policies that won the election, an increased number of Americans view him as a liberal, and many say his economic plan relies too heavily on raising taxes and would do little to help the economy, according to the latest New York Times/CBS News Poll. Most Americans do not appear convinced by Mr. Clinton's repeated efforts to show that his economic remedies will place a heavier burden on rich people than on the middle class. And they have grown increasingly skeptical about the fairness and effectiveness of the plan.
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Warsaw Journal; Paper's Fare Adds the Spice of Life To Politics and the Poles Devour It
Date: 05 June 1993
By Jane Perlez
Jane Perlez
A healthy serving of political analysis, a restaurant critic who can be both caustic and reverential and an elegant color Sunday magazine wrapped around classified advertisements. Does it sound like a well-established American newspaper with a respectable number of readers? Well, this is Gazeta Wyborcza, the biggest circulation daily in Poland. Since the fall of the Communist Government four years ago, newspapers and magazines have blossomed in Poland, appealing to virtually every conceivable interest.
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ITT COMPLETES SALE OF SMALL-LOAN PORTFOLIO
Date: 05 June 1993
By Bloomberg News
Bloomberg News
The ITT Corporation said yesterday that it had completed the sale of its $2.18 billion consumer small-loan portfolio to a group of investors led by the New York investment bank Goldman, Sachs & Company. ITT received about $1.7 billion in cash for the portfolio and paid $29 million for a 15 percent stake in the purchasing group. About 85 percent of the sale's proceeds are being used to pay debt. As a result of the sale, ITT will post a pretax gain of $95 millon for the second quarter.
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G.E. PLANNING TO ADD TO COST-CUTTING MOVES
Date: 05 June 1993
By Bloomberg News
Bloomberg News
The General Electric Company may cut another 1,000 jobs from its embattled aircraft engines division and abandon the largest building in its manufacturing complex in Evendale, Ohio, near Cincinnati, according to a report in The Cincinnati Enquirer. In its report, the newspaper said an internal G.E. cost-cutting study had recommended moving final engine assembly operations to other plants in Kansas and North Carolina. The moves could eliminate another 1,000 jobs in the Cincinnati area, on top of the 2,500 hourly and salaried positions the company cut in February.
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EG&G IN PACT TO PURCHASE A FINNISH CONCERN
Date: 05 June 1993
By Bloomberg News
Bloomberg News
The Swedish food and drug company Procordia signed an agreement yesterday to sell its Finnish unit, Wallac, to EG&G of Wellesley, Mass., for $46 million. The deal, under negotiation since February, would be effective as of next Thursday. Wallac manufactures systems for analysis and immunodiagnostics and has an annual turnover of $50 million. Procordia's main shareholders -- the Swedish Government and Volvo, the auto company -- announced plans on Thursday to split the company into separate food and drug units.
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ANALYST'S OUTLOOK ON SYNOPTICS CUTS STOCK SHARPLY
Date: 05 June 1993
By Bloomberg News
Bloomberg News
Shares of Synoptics Communications Inc., a designer of local area network systems, plunged yesterday after a Salomon Brothers Inc. analyst raised concern about the company's earnings outlook. Synoptics' stock tumbled $12.25 yesterday, to $106, on volume of more than 3.1 million shares in over-the-counter trading. Synoptics is seeking to reduce lead time for several key products. What had taken 10 weeks in the March quarter to ship took the company only 6 weeks in the June quarter. "Consequently, order backlog will decline from the prior-quarter levels," Danielle Danese, an analyst at Salomon Brothers, said in a research report. She reduced her investment rating on Synoptics to "hold" from "buy."
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I.C.C. CLEARS KANSAS CITY SOUTHERN BUYOUT OF MIDSOUTH
Date: 05 June 1993
By Bloomberg News
Bloomberg News
Kansas City Southern Industries said yesterday that the Interstate Commerce Commission had approved its $219.3 million buyout of the MidSouth Corporation, effective immediately. The parent of the Kansas City Southern Railway Company reached a definitive purchase agreement in September with MidSouth, based in Jackson, Miss. Kansas City Southern will pay MidSouth shareholders $20.50 a share in cash, or about $219.3 million. It already owns a 40 percent stake in MidSouth, which operates railroads with 1,200 miles of track in the Southeast. The acquisition will join Kansas City Southern's 2,500-mile system in eight Midwestern and Southern states.
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DISCOVERY ZONE SHARES RISE 61.4% IN FIRST-DAY TRADING
Date: 05 June 1993
By Bloomberg News
Bloomberg News
Discovery Zone Inc.'s common shares rose 61.4 percent yesterday on the company's first day as a public company. Discovery Zone's stock closed at $35.50 on volume of 3.7 million shares, making it the second-most-active issue on the Nasdaq system. Discovery Zone's offering of 2.5 million shares was priced yesterday at $22 by an underwriting group led by Merrill Lynch & Company. Discovery Zone, based in Chicago, runs Funcenters, which are indoor recreational facilities designed for children. The Blockbuster Entertainment Corporation held 3.1 million shares, or a 21.3 percent stake, of Discovery Zone, before the stock sale. It bought the stake in April for $10.3 million. The offering reduced Blockbuster's stake to 18.4 percent.
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USAir Route Sale Rejected
Date: 05 June 1993
By Bloomberg News
Bloomberg News
USAir Inc.'s request to sell two of its rights to fly to London was dismissed today by the Federal Department of Transportation, opening the possibility that the rights would simply be transferred to another airline. American Airlines Inc. has already asked the department to give it the rights free, contending they are owned by the Federal Government.
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