Den 13 september 1995 var en onsdag under stjärntecknet ♍. Det var 255 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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13th of September 1995 News
Nyheter som framträdde på New York Times framsida den 13 september 1995
MYLAN GETS RIGHTS TO EXPERIMENTAL DIABETES TREATMENT
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Two drug companies have formed an alliance to sell an experimental diabetes treatment derived from seaweed that could eliminate the need for insulin injections. The treatment was developed by Vivorx Inc., a small biotechnology company in Santa Monica, Calif. Under the deal, Vivorx gave the right to sell the treatment in North America to Mylan Laboratories Inc. of Pittsburgh, which makes generic drugs.
Full Article
CANADA TO SELL A 50% PETRO-CANADA STAKE
Date: 14 September 1995
By Bloomberg News
Bloomberg News
The Canadian Government said it would sell a 50 percent stake in Petro-Canada for $1.7 billion (Canadian), or $1.25 billion (United States), in the biggest stock offering in Canada's history. The Finance Minister, Paul Martin, said 80 percent of the shares would be offered to Canadian investors and 20 percent to investors in the United States, The Government plan calls for selling 118 million shares for $14.625 (Canadian), or $10.766 (United States), each, reducing its stake to 20 percent from 70 percent. If there is enough demand, the Government will sell as many as 5.9 million additional shares, bringing total proceeds to about $1.8 billion ($1.3 billion).
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FOREST LABORATORIES TO BUY 20% STAKE IN BIOVAIL
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Forest Laboratories Inc. said yesterday that it would acquire 20 percent of the Biovail Corporation International as part of an agreement to sell Biovail's recently approved Tiazac heart drug in the United States. Forest Labs will pay $69.7 million, or $42 a share, for the stake in Biovail, which is based in Scarborough, Ontario. Biovail's stock soared $6, to $34.625, on the American Stock Exchange, where its 20 percent gain was among the day's biggest. The stock of Forest Laboratories, based in New York, fell $1.625, to $45.50, on the American Stock Exchange. Biovail received approval on Monday from the Food and Drug Administration to market Tiazac.
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RANGER OIL MAKES BID FOR CZAR RESOURCES
Date: 14 September 1995
By Bloomberg News
Bloomberg News
Ranger Oil Ltd. is offering $1.30 (Canadian), or 95.7 cents (United States), each for the 68.9 million shares outstanding of Czar Resources Ltd. The offer, which totals more than $89 million ($65.5 million), is contingent on Czar's abandoning its proposed stock-swap merger with Orbit Oil and Gas Ltd. and on Czar's tendering 67 percent of its shares to Ranger. Ranger, based in Calgary, Alberta, said the acquisition of Czar, an oil and gas exploration company, would be financed from internal cash and existing bank lines of credit.
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HEARTLAND WIRELESS COMMUNICATIONS PLANS 5 DEALS
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Heartland Wireless Communications Inc. said yesterday that it had agreed to acquire Cablemaxx Inc., American Wireless Cable Systems Inc., Technivision Inc. and controlling interests in two other concerns that provide wireless cable-television service, for a total of about $178 million in stock. Heartland, which is based in Dallas, will issue stock valued at $81 million to buy Cablemaxx; $34 million to buy American Wireless, and $31.8 million to buy the assets, plus about $5 million in debt, of Technivision. Heartland said it would also acquire the assets of a partnership that owns an 80 percent stake in a wireless cable system in Fort Worth for $13.3 million in stock, and the assets of a partnership that runs a wireless cable-television system in Minneapolis for $18 million in stock. The shares of Heartland rose $1.50, to $23, on Nasdaq.
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INTUIT TO UNVEIL ITS HOME-BANKING SOFTWARE
Date: 14 September 1995
By Bloomberg News
Bloomberg News
Intuit Inc. plans to introduce new versions of its Quicken home-banking software and outline its strategy for providing on-line financial services today. The new version of Quicken will be the software used by the group of banks and financial institutions that agreed in July to build a nationwide computer home-banking service, beginning in October, when Intuit releases the new version of Quicken. The Chemical Banking Corporation, the Chase Manhattan Corporation and the Bank of Boston Corporation are among the big banks that will use the software to let customers check their balances, pay bills and transfer money between accounts, using a modem and a personal computer. The Microsoft Corporation has a competing program, Money, that some bank customers use for on-line banking, and some banks will give customers a choice of which program to use.
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HOME DEPOT TO SLOW DOWN ITS EXPANSION PLANS
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Home Depot Inc. will reduce the number of stores it plans to open next year, analysts said yesterday. The company told analysts and institutional investors at a meeting in New York that it would scale back expansion plans to 90 to 95 stores from 105. The shares of Home Depot, which is based in Atlanta, fell $1.75, to $40.50, on the New York Stock Exchange on trading of almost 4.3 million shares.
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AST RESEARCH FOUNDER OFFERS TO STEP DOWN AS CHIEF
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Safi U. Qureshey, the chairman and chief executive of AST Research Inc., said yesterday that he would step down, if necessary, to revive the personal computer company he founded 15 years ago. "I'm not hung up on titles," he said, adding that AST Research was already looking for someone to serve as president and chief executive. Shares of AST Research, which is based in Irvine, Calif, fell $1.25 yesterday, to $11.50, in heavy Nasdaq trading. After markets closed on Monday, AST announced that it would lose more than $40 million this quarter, the first in its 1996 fiscal year, and that three senior executives had been asked to resign immediately.
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Stocks Flat in Tokyo
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Japanese stocks showed little change today. At the end of the morning trading session, the Nikkei index of 225 issues was up 24.67 points at 18,496.84. On Tuesday, the Nikkei lost 13.94 points to close at 18,472.17.
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Bowne Chief to Retire
Date: 14 September 1995
By Bloomberg News
Bloomberg News
Bowne & Company said yesterday that its president and chief executive, Richard H. Koontz, would take early retirement effective Oct. 31 for health reasons. Mr. Koontz will continue as chairman. He has been with the New York-based company for 22 years in various positions. A successor was not announced. Bowne & Company provides financial printing services.
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