Den 17 juli 1995 var en måndag under stjärntecknet ♋. Det var 197 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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17th of July 1995 News
Nyheter som framträdde på New York Times framsida den 17 juli 1995
Milan to Get All-News TV
Date: 17 July 1995
By Bloomberg News
Bloomberg News
An investment company controlled by the Benetton family will join three former executives from Fininvest S.p.A., an Italian media company, to set up an all-news television station in Milan. Forty percent of the venture, to be named Sei TV, will be owned by 21 Invest Ltd., run by Alessandro Benetton, the son of Luciano Benetton, president of the clothing company Benetton S.p.A. Sixty percent will be held by the former Fininvest managers.
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U.S. Seeking Deal With Cuba to End a 26-Year Ban on Each Other's News Bureaus
Date: 18 July 1995
By Steven Greenhouse
Steven Greenhouse
The Clinton Administration plans to end a longstanding policy and allow American news organizations to establish news bureaus in Cuba, Administration officials said today. After months of debate, Administration officials said they are finally close to announcing the move, which would also permit Cuban news organizations to establish bureaus in this country.
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Story Ideas, From Sex to Diapers
Date: 17 July 1995
By Walter Goodman
Walter Goodman
The interactive age takes another leap forward or backward or sideways tonight with the premiere of "MTV News Unfiltered." Here's how it works: The music channel invites viewers to call an 800 number with story ideas, then sends cameras to the most promising respondents for use in telling their stories. MTV edits a few of the results, and that makes for a half-hour show. Tonight's debut, which the mistress of ceremonies, Alison Stewart, reports was winnowed from 8,000 calls, serves up a peppy potpourri:
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Detroit Papers and Unions Seem to Expect Long Strike
Date: 17 July 1995
By Michelle Krebs
Michelle Krebs
As the strike against Detroit's two daily newspapers ended its third day, both sides appeared to be digging in for a long battle. The strike, industry experts and many union members have said, could ultimately cost Detroit one of its newspapers.
Six unions -- representing 2,500 journalists, mailers, circulation workers, printing-press operators, photoengravers and printers -- went on strike at 8 P.M. Thursday against the Detroit Newspapers, the joint operating company that publishes The Detroit Free Press and The Detroit News.
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BIDERMANN INDUSTRIES FILES FOR CHAPTER 11
Date: 18 July 1995
By Bloomberg News
Bloomberg News
Bidermann Industries, a New York producer of men's and women's clothing, said yesterday that it had filed a Chapter 11 petition for protection in United States Bankruptcy Court in the Southern District of New York. The Bidermann International S.A. unit, which includes Ralph Lauren Womenswear, Cluett Peabody & Company, Great American Knitting Mills and Bidermann Tailored Clothing, said it was seeking protection to obtain additional financing while it underwent a restructuring. The company also said it had arranged for $75 million financing from a lending group including BankAmerica and Credit Lyonnais.
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LEAR SEATING TO BUY AUTOMOTIVE INDUSTRIES
Date: 18 July 1995
By Bloomberg News
Bloomberg News
The Lear Seating Corporation signed a definitive agreement yesterday to acquire Automotive Industries Holding Inc., a supplier of automotive interiors, for $626 million in cash. The takeover offer has the support of holders of 24 percent of Automotive Industries, including the Onex Corporation, a Toronto investment company that owns nearly 20 percent.
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BORDERS TO BUY REMAINING 13% STAKE FROM KMART
Date: 18 July 1995
By Bloomberg News
Bloomberg News
Borders Group Inc. said yesterday that it would buy the Kmart Corporation's 13 percent stake in the company for $72.8 million. The company, which operates the Borders book-and-music superstores and Waldenbooks stores, said it would buy the 5.39 million shares of Borders stock held by its former parent for $13.50 a share. Kmart owned all of Borders before its May 25 public offering. Borders shares fell 25 cents yesterday, to $14.50. Kmart shares rose 50 cents, to $15.50. The news was announced after the close of trading. Borders also said it would take a one-time noncash charge of $182 million in the second quarter to account for a change in accounting for good will.
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UNITED BISCUITS SEEKS KEEBLER SALE AS PROFIT DROPS
Date: 18 July 1995
By Bloomberg News
Bloomberg News
United Biscuits Holdings P.L.C., the Scottish food products company, said yesterday that it planned to sell its Keebler cookie and cracker business because of intense price competition and falling profits. United Biscuits said it had already spoken with some potential buyers for Keebler, which is based in Elmhurst, Ill. Keebler is the second-largest United States cookie and cracker company after Nabisco, a subsidiary of RJR Nabisco Inc. Nabisco has a much higher advertising budget than Keebler and has dictated pricing levels.
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FIRST DATA GETS FTC REQUEST ON FIRST FINANCIAL MERGER
Date: 18 July 1995
By Bloomberg News
Bloomberg News
The First Data Corporation said yesterday that the Federal Trade Commission had asked for more information about the company's proposed $6.7 billion acquisition of the First Financial Management Corporation. An F.T.C. request for more information generally signals close antitrust scrutiny. The companies said they had expected the so-called second request. Since the proposed merger was announced on June 13, antitrust lawyers have said they expected the F.T.C. to examine the impact on competition for credit-card processing and money wiring. First Data, based in Hackensack, N.J., is the world's largest processor of credit-card transactions for banks. First Financial, based in Atlanta, leads in providing credit-card processing for merchants.
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Japanese Stocks Down
Date: 18 July 1995
By Bloomberg News
Bloomberg News
Japanese stocks traded lower here today. The Nikkei index of 225 issues was down 268.12 points, or nearly 1.59 percent, to close at 16,574.35. On Monday, the index gained 324.77 points.
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