Den 28 september 1995 var en torsdag under stjärntecknet ♎. Det var 270 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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28th of September 1995 News
Nyheter som framträdde på New York Times framsida den 28 september 1995
Mary, Mary, You're Turning Into Quite a Lou Grant
Date: 28 September 1995
By John J. O'Connor
John O'Connor
A Manhattan warehouse explodes and goes up in flames, killing a veteran firefighter as a journalist watches in horror. In the newsroom of The New York Reporter, the managing editor is shouting at an intern that he wants 500 words on body piercing by 5 o'clock. The paper's gossip columnist, a sort of Cindy Adams in "Terminator 2" mode, arrives with a black eye, wailing indignantly that her Asian taxi driver "crashed his cab while I was in it." Welcome to E.N., emergency newsroom. The new series begins tonight on CBS under the title "New York News." Wobbling somewhere between "The Mary Tyler Moore Show" and its spinoff "Lou Grant," this would-be "Front Page" actually does have Mary Tyler Moore in its cast. Playing the tough editor in chief, Louise Felcott, known to staff members as the Dragon, Ms. Moore has something of a cameo role, popping up once in a while to warn the newsroom that she's "trying to save this ship from sinking." One bizarre scene places her in the paper's bathroom, her hand reaching out from under a stall door in a plea for some toilet tissue. Mary Richards, we hardly knew ye.
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ALCATEL PLANS $2 BILLION REORGANIZATION
Date: 28 September 1995
By Bloomberg News
Bloomberg News
Alcatel Alsthom S.A. yesterday announced a first-half loss of more than $250 million and said it planned a $2 billion reorganization. The company, the largest European maker of telecommunications equipment, plans to sell secondary businesses over two years. The move is the first by Alcatel's new chairman, Serge Tchuruk, to turn around the troubled giant. The company reported a loss of 1.23 billion French francs for the first six months of 1995, or $250.5 million at current exchange rates, compared with a profit of 2.02 billion francs, or $411.4 million, in the comparable period a year earlier.
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FRONTIER CORPORATION TO TAKE EARNINGS CHARGE
Date: 28 September 1995
By Bloomberg News
Bloomberg News
The Frontier Corporation plans to take a third-quarter charge of $112.2 million, or about 72 cents a share, to accelerate the depreciation of aging equipment. The Rochester-based telephone company also said it planned to take after-tax charges of $75 million to $85 million, or as much as 53 cents a share, to reflect severance costs and other expenses associated with the acquisition of ALC Communications Inc. and several other long-distance companies this year. Frontier said the extraordinary accounting charge was designed to reflect the quicker obsolescence of copper wiring and older switching systems in its telecommunications network. Six of the regional Bell operating companies have taken similar measures.
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HERCULES INC. AGREES TO SELL A UNIT TO MACDERMID
Date: 29 September 1995
By Bloomberg News
Bloomberg News
Hercules Inc. signed a letter of intent yesterday to sell its Electronics and Printing unit to MacDermid Inc. for $130 million. The unit, based in Middletown, Del., makes photoresists, which are used to imprint electrical patterns on circuit boards, and a photopolymer printing-plate system, which reproduces graphics for package printing. The division has $70 million in annual sales and employs 175 people. MacDermid is a chemical company based in Waterbury, Conn., that sells its products to the metal finishing and electronics industries. MacDermid's stock rose $1.50 yesterday, to $47.50, on Nasdaq. The shares of Hercules rose 50 cents, to $58.50, on the New York Stock Exchange.
Full Article
CULBRO CALLS OFF TALKS TO SELL GENERAL CIGAR
Date: 28 September 1995
By Bloomberg News
Bloomberg News
The Culbro Corporation said yesterday that it had ended talks to sell a 51 percent stake in its General Cigar unit to Tabacalera S.A. for $100 million. Culbro, the New York-based maker of Garcia y Vega and Tiparillo cigars, rejected the transaction because of differences over management, said A. Ross Wollen, Culbro vice president. The company's shares fell to $6 early yesterday, but closed at $40, up $1, on the New York Stock Exchange. Mr. Wollen said the company "intends to examine alternatives" to selling the cigar unit. Tabacalera, which controls 63 percent of Spain's tobacco market, has been looking for new markets abroad.
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CISCO SYSTEMS AGREES TO BUY GRAND JUNCTION NETWORKS
Date: 28 September 1995
By Bloomberg News
Bloomberg News
Cisco Systems Inc. agreed yesterday to buy the privately held Grand Junction Networks Inc. in a stock swap valued about $348 million based on Tuesday's closing price of Cisco, which was $68. Grand Junction makes Fast Ethernet and Ethernet desktop switching products, which allow information to be passed around on a network of personal computers. The acquisition would give Cisco, the largest maker of equipment for computer networks, a broader line of hubs and switches used to route information. Cisco said it would exchange five million of its shares to acquire Grand Junction. Grand Junction employs 85 people at its headquarters in Fremont, Calif.
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Gucci Group Stock Offering
Date: 29 September 1995
By Bloomberg News
Bloomberg News
Gucci Group, the Italian luxury goods maker, said yesterday that it planned to raise $405 million in an initial public offering of 18.4 million shares in New York, Amsterdam and London. Gucci's parent, Investcorp International, a holding company controlled by Bahraini investors, filed with the Securities and Exchange Commission to sell a 30 percent stake in Gucci, based in Florence.
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International Briefs; Hoechst Sells a Stake In SGL Carbon
Date: 28 September 1995
By Bloomberg News
Bloomberg News
Hoechst A.G. said yesterday that it had sold a 23 percent stake in SGL Carbon A.G. for about 61 percent more than it would have received at the unit's first share sale in April. Hoechst sold 4.85 million shares in the carbon and graphite unit at 88.50 marks, or $61.76, each, bringing Hoechst's yield in the sale to 429.3 million marks. Hoechst retains 50 percent and one share in SGL.
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Japan Will Revise Account Reporting
Date: 29 September 1995
By Bloomberg News
Bloomberg News
Japan will revise its calculation methods for its monthly current account and capital account reports starting next year to comply with standards set two years ago by the International Monetary Fund, the Ministry of Finance said this week. The ministry will break down the accounts differently to reflect capital and merchandise trade flows more accurately, it said. Because of the change, the ministry will report numbers only in yen terms. Now, both yen and dollar totals are reported, and financial markets pay much more attention to the dollar figures.
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Losses From Hurricane Total $875 Million
Date: 28 September 1995
By Bloomberg News
Bloomberg News
Hurricane Marilyn has caused $875 million in losses for United States insurers as a result of its path through the United States Virgin Islands and Puerto Rico on Sept. 15 and 16, the Insurance Information Institute said yesterday. The damages from Marilyn bring total third-quarter losses for United States property and casualty insurers to $1.525 billion, more than the $630 million in losses reported in the quarter a year ago.
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