Den 26 juni 1995 var en måndag under stjärntecknet ♋. Det var 176 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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26th of June 1995 News
Nyheter som framträdde på New York Times framsida den 26 juni 1995
International Briefs; Ex-Italian Prime Minister May Link With Murdoch
Date: 27 June 1995
By Bloomberg News
Bloomberg News
The former Prime Minister of Italy, Silvio Berlusconi, could become a shareholder in the News Corporation, headed by Rupert Murdoch, in a transaction under which the News Corporation would take control of Mr. Berlusconi's Italian television interests. A spokesman at S.p.A., Mr. Berlusconi's company, said the arrangement was one possibility raised on Sunday at a meeting between Mr. Berlusconi and Mr. Murdoch.
Full Article
For an anxious newspaper industry, a time of lower expectations and a slide into sameness.
Date: 26 June 1995
By William Glaberson
William Glaberson
AT their meetings, newspaper publishers have been hearing that they should imitate the country's auto makers. Just as Detroit has given buyers the cars they want, they are told, publishers should give readers the newspapers they want: the print equivalent of something more zippy to drive. Maybe some of them were in the back of the room gossiping with old friends and just didn't hear right. That was car makers, Mr. and Ms. Publisher, not car mashers.
Full Article
NATIONSBANK TO BUY FLORIDA'S INTERCONTINENTAL BANK
Date: 27 June 1995
By Bloomberg News
Bloomberg News
The Nationsbank Corporation said yesterday that it would buy the 24 branches of Intercontinental Bank, based in Miami, in a stock swap valued at $208 million. Nationsbank, based in Charlotte, N.C., said the acquisition of Intercontinental, a $1.1 billion company, would increase its business in south Florida, where it has 111 branches and 91 automated teller machines. On Friday, Intercontinental said it was in talks with Nationsbank for a sale at $30 a share. Intercontinental's stock rose 56.25 cents yesterday, to $28.3125, in Nasdaq trading. Nationsbank's shares fell 37.5 cents, to $55.875 on trading of 447,400 shares.
Full Article
WEATHERFORD TO GET ENTERRA IN STOCK SWAP
Date: 27 June 1995
By Bloomberg News
Bloomberg News
Weatherford International Inc. will acquire the Enterra Corporation, another energy service company based in Houston, in a stock swap valued at about $540 million. The acquisition was the most recent toward consolidation of the domestic oil services industry and will expand the range of services Weatherford can offer customers. The combined company will have assets of more than $1 billion and annual revenue of more than $850 million. Under a definitive agreement, 1.69 share of Weatherford will be issued in exchange for each share of Enterra. At the same time, Weatherford will conduct a 1-for-2 reverse stock split, producing a post-split stock swap of 0.845 Weatherford shares for each Enterra share.
Full Article
BOLLINGER INDUSTRIES SHARES PLUNGE ON POOR FORECAST
Date: 27 June 1995
By Bloomberg News
Bloomberg News
Shares of Bollinger Industries plunged 71 percent yesterday after the company announced a spate of bad news: an expected quarterly loss on poor sales, possible problems with lenders and the resignations of its auditor and two directors. Bollinger, a supplier of fitness and safety products, said it would report a pretax loss for its fourth quarter because sales fell short of expectations. It also said it would not file its annual report with the Securities and Exchange Commission as scheduled. As a result of the expected loss and the delayed filing, Bollinger said it might be in technical default of its bank credit agreement. Shares of Bollinger fell $4.625, to an all-time low of $1.875 yesterday, in Nasdaq trading.
Full Article
CHASE TO SELL MARYLAND BRANCHES TO CRESTAR FINANCIAL
Date: 27 June 1995
By Bloomberg News
Bloomberg News
The Chase Manhattan Corporation agreed yesterday to sell its Maryland branches and some loans to the Crestar Financial Corporation as part of a planned retreat of its retail banking to New York City and its suburbs. Crestar, based in Richmond, would buy six Chase branches, $450 million in deposits and $260 million in loans, as it continues to expand in Maryland. Terms were not disclosed. Chase, the nation's sixth-largest bank, with assets of $120.7 billion, has been trying to shed retail bank operations outside New York.
Full Article
GENERAL NUTRITION'S LARGEST HOLDER PLANS TO SELL
Date: 27 June 1995
By Bloomberg News
Bloomberg News
The General Nutrition Companies said after the close of trading yesterday that affiliates of the Thomas H. Lee Company, its largest institutional investor, planned to sell 10 million shares with a market value of $358.8 million, more than half its 43 percent stake in the company. General Nutrition, a Pittsburgh-based vitamin and nutrition products retailer, said Lee, a Boston investment firm that specializes in leveraged buyouts, would retain a 21 percent stake in the company after the proposed public offering is completed.
Full Article
INDEPENDENCE AGREES TO BUY BAY RIDGE BANCORP
Date: 27 June 1995
By Bloomberg News
Bloomberg News
Bay Ridge Bancorp Inc. signed a definitive agreement yesterday to be acquired by the Independence Community Bank Corporation for $144 million in cash. Bay Ridge, based in Brooklyn, is the holding company for Bay Ridge Federal Savings Bank, which has six branches in the borough. Independence, with assets of $2.6 billion, is the parent of Independence Savings Bank, with 22 branches around New York. The two banks signed a letter of intent under which Independence Community Bank, a mutual holding company, will pay Bay Ridge shareholders $22 a share for each Bay Ridge share.
Full Article
Microsoft Grows in China
Date: 26 June 1995
By Bloomberg News
Bloomberg News
The Microsoft Corporation said that once again its sales in China were likely to double for the year, as they have annually since the company formally entered the country in 1992, the official China Daily reported. According to the paper, Bob Lu, Microsoft's marketing manager in China, said that demand for software was expected to be huge as China automates more of its offices. He declined to specify the company's sales in China, but said that Microsoft planned to expand the number of authorized dealers here to more than 300 this year.
Full Article
International Briefs; French Steel Shares
Date: 27 June 1995
By Bloomberg News
Bloomberg News
France will begin selling shares today in Europe's largest steel company, Usinor Sacilor, the Economy Ministry said yesterday. The state will sell more than 163.9 million shares in all. Of these almost 34.9 shares priced at 86 francs ($17.20) will be on sale to individuals in France.
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