Den 16 februari 1995 var en torsdag under stjärntecknet ♒. Det var 46 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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16th of February 1995 News
Nyheter som framträdde på New York Times framsida den 16 februari 1995
INTEL TO INTRODUCE FASTER CHIP THIS YEAR
Date: 17 February 1995
By Bloomberg News
Bloomberg News
The Intel Corporation said yesterday that it would start selling a microprocessor later this year that is twice as fast as its top-of-the-line Pentium. Intel, based in Santa Clara, Calif., formally introduced the P-6 microprocessor at an engineering industry conference in San Francisco. The P-6 is powered by 5.5 million transistors, almost twice as many as the Pentium. The P-6 will enable computer makers to build powerful systems for $150,000 that now cost $2 million, analysts say. Intel has not yet priced the P-6, nor said exactly when it will be available.
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KEYCORP'S MORTGAGE UNIT DRAWING SEVERAL BIDS
Date: 16 February 1995
By Bloomberg News
Bloomberg News
The BankAmerica Corporation, Fleet Financial Group and the Nationsbank Corporation are vying to acquire Keycorp's mortgage business for as much as $300 million, bankers familiar with the bids said yesterday. The banks are bidding for Key Mortgage's $25 billion mortgage-servicing portfolio, the nation's 20th largest. Salomon Brothers has been shopping the unit to major banks since Keycorp, of Cleveland, announced plans in October to sell it. Mortgage-servicing companies charge fees to forward monthly mortgage payments from homeowners to the institutions that hold the loans.
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UNICORD NEGOTIATING A SALE OF BUMBLE BEE TUNA
Date: 16 February 1995
By Bloomberg News
Bloomberg News
Unicord P.L.C. of Thailand, one of the world's largest tuna canners, is negotiating the sale of its Bumble Bee unit, a company executive said yesterday. The company's president, Dumri Konuntakiet, has held talks with several United States-based companies, the executive, who spoke on condition of anonymity, said. The Thai newspaper Poodjadgarn reported that Bumble Bee's rivals, Star-Kist Foods and Van Camp Seafood, were both interested. The asking price for Bumble Bee is $240 million, the paper said. Bumble Bee is the world's second-largest-selling brand of tuna behind Star-Kist, owned by H. J. Heinz, and ahead of Chicken of the Sea, owned byVan Camp.
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23.5% STAKE IN BELIZE TELECOMMUNICATIONS SOLD TO MCI
Date: 16 February 1995
By Bloomberg News
Bloomberg News
The MCI Communications Corporation said yesterday that it had bought a 23.5 percent stake in Belize Telecommunications Ltd. from British Telecommunications P.L.C. for about $20 million in cash. The Belize Government bought British Telecom's remaining 1.5 percent stake in the company, which has 30,000 phone lines and operates cellular services. MCI has a partnership with British Telecom, which last year bought 20 percent of MCI for $4.3 billion. The remaining 75 percent of Belize Telecommunications is owned by Belize Pension, Belize Holdings Inc. and public shareholders.
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BORDEN SELLS 120 MILLION SHARES OF RJR NABISCO
Date: 17 February 1995
By Bloomberg News
Bloomberg News
Borden Inc. sold 120 million shares of the RJR Nabisco Holdings Corporation yesterday, a day after Kohlberg, Kravis, Roberts & Company put an additional $281 million into Borden by giving the company, which it will soon acquire, a greater share of its stake in RJR Nabisco. Kohlberg, Kravis, which acquired 69.5 percent of Borden in December, gave the debt-laden food and dairy giant 120 million shares in RJR Nabisco on Wednesday, up from an originally announced 70 million shares. The sale of the RJR Nabisco shares yesterday raised $675 million, minus underwriting fees, which Borden plans to use to reduce its debt. Borden, based in Columbus, Ohio, had $1.42 billion in long-term debt as of Sept. 30. Shares of RJR Nabisco fell 6.25 cents, to $5.6875, on the New York Stock Exchange, where nearly 15.6 million shares changed hands.
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BELL SPORTS BUYING AMERICAN RECREATION IN STOCK SWAP
Date: 16 February 1995
By Bloomberg News
Bloomberg News
The Bell Sports Corporation signed a definitive agreement yesterday to acquire American Recreation Company Holdings Inc. in a stock swap. Each American Recreation common share will be exchanged for 0.6224 Bell Sports common share. American Recreation has 8.65 million common shares outstanding. Based on Bell Sports's closing price yesterday of $16.50 a share, unchanged from Tuesday, the deal would be worth about $89 million. American Recreation shares rose $2.75 a share, to $9, in Nasdaq trading. Bell Sports, of Scottsdale, Ariz., makes bicycle helmets and accessories. American Recreation, of Commack, L.I., makes bicycle parts and equipment.
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MCCRORY SEEKS TO SHUT 150 STORES, OPEN 32 OTHERS
Date: 16 February 1995
By Bloomberg News
Bloomberg News
The McCrory Corporation is planning to seek bankruptcy court permission to close 150 stores and open 32 new sites, which would leave the variety-store chain with 545 outlets. McCrory, which filed for Chapter 11 bankruptcy protection from creditors three years ago, will also bring aboard a new senior executive to help its chief executive, Meshulam Riklis, oversee the New York-based company's latest restructuring. The new effort to return McCrory to profitability comes two years after the retailer filed a reorganization plan that it now says is impossible to complete. United States Bankruptcy Judge Cornelius Blackshear will consider the store closings and openings and other matters at a hearing set for today in Manhattan.
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Guilty Plea in Kurzweil Case
Date: 17 February 1995
By Bloomberg News
Bloomberg News
A former treasurer of Kurzweil Applied Intelligence Inc. has pleaded guilty to securities fraud for her role in inflating the company's sales figures, Federal prosecutors said today. The former treasurer, Debra J. Murray, resigned last May along with two other officers of Kurzweil, a maker of voice-recognition systems for computers based in Waltham, Mass. Ms. Murray pleaded guilty on Wednesday to one count of securities fraud and a conspiracy count related to her involvement in the destruction of paperwork that would have alerted auditors to the illegal practice.
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Merger Is Seen As Threatened
Date: 16 February 1995
By Bloomberg News
Bloomberg News
Intuit Inc. shares fell as much as 8 percent yesterday after a Federal judge rejected the Microsoft Corporation's proposed antitrust settlement with the Justice Department, raising the possibility that the companies' pending merger might be scrapped. United States District Judge Stanley Sporkin's decision to reject the consent decree raises questions about the Justice Department's review of Microsoft's proposed $1.5 billion acquisition of Intuit, a maker of the popular Quicken financial software.
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A Mixed Day In Trading of Treasuries
Date: 17 February 1995
By Bloomberg News
Bloomberg News
Prices of short- and intermediate-term Treasury issues rose yesterday after a Federal Reserve official raised hopes among bond traders that the central bank would not raise interest rates again soon. But the price of the 30-year Treasury bond fell, dropping 3/32 of a point. Its yield, which moves in the opposite direction, rose to 7.57 percent, from 7.55 percent on Wednesday.
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