Den 23 maj 1995 var en tisdag under stjärntecknet ♊. Det var 142 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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Date: 23 May 1995
A new magazine devoted to the arts, business, restaurants, food, fashion and shopping in New York City has appeared on newsstands. The magazine, Flatiron News, takes its title from the 1902 landmark building at Broadway and Fifth Avenue at 23d Street. The current issue has a distribution of 40,000, mostly in the Flatiron area. The magazine, published by Flatiron News Inc., is scheduled to appear monthly starting in September.
Date: 23 May 1995
By Bill Carter
Bill Carter
Dan Rather signed off the "CBS Evening News" last night saying that Connie Chung's future was "still under consideration and discussion," after a day in which the network and Ms. Chung continued to negotiate her departure. The talks were said to be stalemated because of Ms. Chung's desire to receive the $2 million payment remaining on her contract, executives close to the negotiations said.
Date: 24 May 1995
By Bloomberg News
Bloomberg News
Biochem International Inc., a medical supplies maker based in Waukesha, Wis., said yesterday that it had agreed to be acquired by a company controlled by John J. McDonough for about $66 million. Under the letter of intent, Mr. McDonough's company will acquire all of Biochem's capital stock in a cash transaction valued at $5 a share. The stock jumped $1.25, to $4.25, in Nasdaq trading. Mr. McDonough is the founder and former chief executive of Dentsply International Inc. of York, Pa., which designs, makes and distributes X-ray systems.
Date: 23 May 1995
By Bloomberg News
Bloomberg News
Bowater Inc. placed its business-forms unit on sale yesterday, to raise cash that may be used for an acquisition. Bowater, the paper and forest products concern based in Greenville. S.C., has hired CS First Boston to advise it on the sale of Bowater Communications Papers Inc.
Date: 24 May 1995
By Bloomberg News
Bloomberg News
Shares of Deere & Company fell yesterday even though the company reported a 25 percent increase in net income for its fiscal second quarter. Net income rose to $237 million, or $2.74 a share, in the quarter ended April 30, compared with $189.3 million, or $2.20, in the year-earlier period. Revenue rose 15 percent. The per-share results were higher than the average estimate of $2.68 a share by 17 analysts surveyed by Zacks Investment Research. Still, Blair Brumley, an analyst with Dain Bosworth, said: "That's not good enough. These guys have been beating consensus estimates very handily for quite a while." Shares of Deere, which is based in Moline, Ill., fell $3.25, to $86.50.
Date: 23 May 1995
By Bloomberg News
Bloomberg News
Ryka Inc., a maker of women's athletic shoes and apparel, said yesterday that a lender had called in $2.5 million of debt, a move that could put the company out of business. Ryka, based in Norwood, Mass., said it was in default under financing agreements and had received a 30-day termination notice from the lender, the Pro-Specs America Corporation. The company also posted a loss of $2.2 million for the first quarter, compared with earnings of $105,810 in the first quarter a year ago. Sheri Poe, president and chief executive of Ryka, said that the company has been approached by a number of parties and is pursuing several financial options.
Date: 23 May 1995
By Bloomberg News
Bloomberg News
The MCI Communications Corporation made a move yesterday to get into the United States cellular market by acquiring Nationwide Cellular Service Inc. for about $18.50 a share in cash, or about $190 million. Nationwide is the largest United States reseller of cellular services. MCI is the No. 2 United States long-distance company after AT&T. Under the agreement, Nationwide shareholders will also get 0.38 share of the Cellular Technical Services Company. Nationwide Cellular, based in Valley Stream, L.I., owns 38 percent of Cellular Technical Services. Nationwide shares rose $6.1875 yesterday, to $23.6875, in Nasdaq trading while MCI shares were up 12.5 cents, to $21. Cellular Technical Services shares were down 12.5 cents at $18.625.
Date: 24 May 1995
By Bloomberg News
Bloomberg News
The Bank of New York Company confirmed yesterday that it had agreed to buy the securities custody business of J. P. Morgan & Company, one of the world's largest operations that holds stocks and bonds for customers. Bank of New York will take over $800 billion in client assets that J. P. Morgan now holds in custody accounts, lifting its total assets under custody to almost $3 trillion. Terms of the transaction were not disclosed, although analysts estimated that the bank had agreed to pay about $300 million. Most of the 1,000 J. P. Morgan employees in the custody business will move to Bank of New York in the next six to nine months. Bank of New York's shares rose $2, to $39.25, and J. P. Morgan gained $1.625, to $69.875, on the New York Stock Exchange.
Date: 24 May 1995
By Bloomberg News
Bloomberg News
Bradlees Inc. suspended its 15-cent quarterly dividend today and predicted a fiscal first-quarter loss about twice as large as had been expected. The struggling regional discount department store, which has been hurt by the expansion of national chains, also said it would not develop new stores in 1996.
Date: 24 May 1995
By Bloomberg News
Bloomberg News
The German steel and engineering company Thyssen A.G. said yesterday that strong demand and lower costs had helped it return to profit in the first half of its fiscal year.