Den 19 juli 1995 var en onsdag under stjärntecknet ♋. Det var 199 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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19th of July 1995 News
Nyheter som framträdde på New York Times framsida den 19 juli 1995
Strikers at Detroit Newspapers Count on Deep Labor History
Date: 19 July 1995
By James Bennet
James Bennet
Reporters and columnists here are imploring their loyal readers not to buy the newspaper, in perhaps the most poignant proof of how bitter and damaging this city's five-day-old newspaper strike has already become. Supervisory editors at The Detroit News and The Detroit Free Press have joined forces in their emptied newsrooms to publish a combined newspaper. But six striking unions, with about 2,500 members who include drivers, pressmen, photographers, reporters and copy editors, are counting on Detroit's deep labor tradition to keep readers and advertisers away.
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YELTSIN DISPLAYS HIS HEALTH ON TV
Date: 19 July 1995
By Alessandra Stanley
Alessandra Stanley
Sounding hoarse but robust, President Boris N. Yeltsin appeared on television from his hospital room here tonight to prove that while he was sick, he was not as sick as the Kremlin had led people to believe by its insistence that he was fine. Mr. Yeltsin was flushed into public view by serious questions about the authenticity of the only photograph released of the President after he was hospitalized on July 11. The picture, distributed by the Itar-Tass news agency last Friday, showed Mr. Yeltsin in an Ellesse tennis shirt seated at a desk next to a table with four telephones. It appeared identical to footage of the Russian President, wearing an Ellesse tennis shirt at a desk next to four telephones, that was filmed when he was on vacation in southern Russia last April. Mr. Yeltsin's press secretary said it was taken at Central Clinical Hospital in Moscow on Friday.
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BANC ONE TO ACQUIRE PREMIER BANCORP
Date: 20 July 1995
By Bloomberg News
Bloomberg News
The Banc One Corporation has agreed to buy Premier Bancorp Inc. of Baton Rouge, La., for about $700 million in stock, the companies said yesterday. Banc One, based in Columbus, Ohio, paid $65 million in 1991 for an option that gave it the right to buy Premier for 125 percent of book value between July 1995 and July 1997. Yesterday's deal represents about 149 percent of Premier's book value, which was $13.28 a share as of March 31. Banc One will exchange 0.61776 share for each Premier share. "We were able to increase the original offer price based on the outstanding job Premier has done improving both the credit quality and the performance of their franchise," said John B. McCoy, chief executive of Banc One. Shares of Banc One fell 62.5 cents, to $32, on the New York Stock Exchange, while shares of Premier fell 6.25 cents, to $18.4375, in Nasdaq trading.
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STANLEY WORKS PLANNING A BROAD REVAMPING
Date: 20 July 1995
By Bloomberg News
Bloomberg News
The Stanley Works said yesterday that it would begin a broad reorganization to cut $150 million in costs by 1997 to help improve sales and profitability. The company, which makes tools, hardware and other products, said it had hired a consultant to evaluate its businesses. Stanley Works, based in New Britain, Conn., said it would probably incur reorganization charges. The company also said its second-quarter earnings fell 6.7 percent, to $31.5 million, or 71 cents a share, from $33.7 million, or 75 cents a share.
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ITRON SHARES DROP ON REDUCED EARNINGS OUTLOOK
Date: 19 July 1995
By Bloomberg News
Bloomberg News
The stock of Itron Inc. plunged yesterday as the company said its earnings would be below estimates in the second half of 1995, despite increased profits in the second quarter. Shares of Itron, which is based in Spokane, Wash., fell $8.375, to $24.875, on Nasdaq. Itron, a supplier of data collection systems for utilities, said increasing competition led to fewer long-term orders in the automatic meter reading market. Net income in the second quarter rose to $2.57 million, from $1.68 million a year earlier.
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LOCKHEED APPEARS CLOSE TO WINNING BIG BRITISH ORDER
Date: 20 July 1995
By Bloomberg News
Bloomberg News
The Lockheed Martin Corporation is likely to get an order for anti-submarine aircraft worth almost $:1 billion, or $1.6 billion, from the British Government, a legislator close to the Ministry of Defense said yesterday. The Lockheed P-3 Orion planes would replace Britain's 25-year-old Nimrod fleet. The legislator, speaking on the condition of anonymity, said the Lockheed order was "by far the most attractive" of four options under consideration. Officials at Lockheed Martin in Bethesda, Md., were unavailable for comment. The other contenders are British Aerospace P.L.C., Dassault Aviation of France and the Loral Corporation.
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FOXMEYER SIGNS CONTRACT TO SUPPLY DRUGS TO RITE AID
Date: 20 July 1995
By Bloomberg News
Bloomberg News
The Foxmeyer Corporation, a drug wholesaler based in Dallas, said yesterday that it had signed a contract with the Rite Aid Corporation valued at $750 million. The deal, which will make Foxmeyer the largest supplier of drugs to Rite Aid, will cover about two-thirds of Rite Aid's 2,829 stores in 23 states. Foxmeyer is a subsidiary of the Foxmeyer Health Corporation, a provider of health care products and information services. The company said the deal could add as much as $300 million to its annual revenue. Rite Aid, based in Camp Hill, Pa., had sales of $4.5 billion in the year that ended March 4, 1995.
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HILLS STORES TO TAKE BIG SECOND-QUARTER CHARGE
Date: 20 July 1995
By Bloomberg News
Bloomberg News
The Hills Stores Company said yesterday that it would take a second-quarter charge of $43.6 million, or $4.19 a share, to cover $32 million in severance payments made to a consultant and six senior executives, including the company's former chief executive, Michael C. Bozic. The executives resigned earlier this month after losing a takeover battle with Dickstein Partners Inc., a New York investment firm. Hills, a retailer based in Canton, Mass., said three of the executives had since returned to the company. E. Jackson Smailes, a former general merchandise manager, was named president and acting chief executive; Robert Stevenish, a former executive vice president of stores and distribution, is now chief operating officer, and William K. Friend is now vice president-secretary and corporate counsel.
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VENTURE STORES TO LAY OFF 950 AND HALT ITS DIVIDEND
Date: 19 July 1995
By Bloomberg News
Bloomberg News
Venture Stores Inc. said yesterday that it would cut 950 jobs and eliminate its dividend in a cost-cutting effort. The company, which operates 117 discount stores in the Midwest, said it would close three stores and cut expansion plans. The company said it expected to take a charge of 70 cents a share in the second quarter and an additional charge of 90 cents a share in the second half. Venture, based in O'Fallon, Mo., had a loss in the first quarter and said losses continued in the second quarter, which will end this month.
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SCF PARTNERS TO BUY ENERGY PRODUCTS UNIT FROM LTV
Date: 19 July 1995
By Bloomberg News
Bloomberg News
The LTV Corporation, the steelmaker, said yesterday that it would sell its energy products and services unit to SCF Partners of Houston and incur a $9 million charge in the second quarter. Terms were not disclosed. The sale of the unit, the Continental Emsco Company, is expected to close in August. LTV, which is based in Cleveland, said it would use the proceeds to pay down long-term debt. Continental Emsco, which makes oilfield equipment and is based in Garland, Tex., operates 93 supply stores in the United States and Canada. SCF Partners investment funds specialize in energy-services and equipment companies.
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