Den 16 januari 1996 var en tisdag under stjärntecknet ♑. Det var 15 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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16th of January 1996 News
Nyheter som framträdde på New York Times framsida den 16 januari 1996
Citing Security, China Will Curb Foreign Financial News Agencies
Date: 17 January 1996
By Seth Faison
Seth Faison
Citing national security, China's Government announced on Tuesday night that it would further restrict the flow of information into the nation by more closely regulating international agencies that supply financial news to China. International wire agencies selling economic information in China -- namely Reuters and Dow Jones -- will now be "supervised" by the official New China News Agency for the content of their reports as well as the subscriptions they sell to Chinese customers.
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In Iowa, It's Organizing vs. Advertising
Date: 17 January 1996
By Elizabeth Kolbert
Elizabeth Kolbert
Presidential politics may have lost its romance, but the Iowa caucuses are still the stuff of legend. In other states, Presidential hopefuls rely on television advertising to bring supporters out. In Iowa, it is organization that counts the most.
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NEWS SUMMARY
Date: 16 January 1996
International A2-8
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NEWS SUMMARY
Date: 17 January 1996
INTERNATIONAL A3-8
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COMPANY NEWS;WORTHINGTON TO ACQUIRE DIETRICH INDUSTRIES
Date: 17 January 1996
Reuters
Worthington Industries signed a definitive agreement yesterday to buy Dietrich Industries for $146 million. Worthington, a maker of metal and plastic products based in Columbus, Ohio, said that under the terms of the stock purchase agreement, it would assume $30 million of Dietrich's debt. Pittsburgh-based Dietrich manufactures metal framing for the commercial and residential construction markets and had 1995 revenues of $285 million, Worthington said. Worthington said that after the acquisition, it expects to have annual sales of about $1.8 billion. In Nasdaq trading, Worthington fell 50 cents, to $19.25.
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COMPANY NEWS;ITT ANNOUNCES HOTEL AND CASINO DEALS
Date: 17 January 1996
Dow Jones
Dow Jones
The ITT Corporation said yesterday that it had acquired the Sheraton Skyline Hotel at Heathrow Airport in London, which it had managed since 1971, and a resort in Cancun, Mexico. Terms of the acquisitions were not disclosed. The Sheraton Cancun Resort and Towers was bought from Grupo ICA of Mexico, the company said. ITT also said it had been selected by Athens Casino and Resorts S.A., a consortium of Greek businesses, to operate what would be the only private casino in Athens.
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COMPANY NEWS;SOUTHAM ANNOUNCES CHARGE AGAINST EARNINGS
Date: 17 January 1996
Dow Jones
Dow Jones
Southam Inc., based in Toronto, said yesterday that it would take a pretax charge against 1995 earnings of $120 million (Canadian), or $88.1 million (United States) as part of a three-year plan to cut 750 jobs and reorganize Canada's largest daily newspaper publishing company. Southam said the elimination of 750 of its 7,800 jobs would cost the company $80 million (Canadian). Southam said the rest of the charge, or $40 million, reflected the accounting for redundant assets at its Pacific Press, partly because of the move into new facilities. Southam earned $44 million on revenues of $1.2 billion in 1994.
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COMPANY NEWS;CHECKFREE PLANS TO ACQUIRE SERVANTIS SYSTEMS
Date: 16 January 1996
Dow Jones
Dow Jones
The Checkfree Corporation said yesterday that it would acquire Servantis Systems Holdings Inc., a provider of electronic banking services and electronic commerce software, for cash and stock. Checkfree, a provider of electronic bill-paying services based in Columbus, Ohio, expects the price for Servantis to be $43 million in cash plus $122 million to $131 million in stock. Checkfree shares were up $1.625 yesterday, to $21.50, in Nasdaq trading. Servantis, formerly known as Stockholder Systems Inc., is based in Norcross, Ga., and had revenue of $61 million in the year that ended on June 30.
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COMPANY NEWS;OPPENHEIMER OPENING A BROKERAGE BUSINESS IN ISRAEL
Date: 16 January 1996
Oppenheimer & Company, the New York brokerage and investment banking firm, said yesterday that it would establish a brokerage business in Israel by recruiting Eddy Shalev and his staff from the Tel Aviv office of Oscar Gruss & Son. Mr. Shalev, 48, and his staff of 18 have built a significant brokerage business executing trades for Israeli institutions in the shares of American companies. Oppenheimer has longstanding ties to Israel and is a leading underwriter in the United States for securities offerings by Israeli companies. Nathan Gantcher, Oppenheimer's president, said that by acquiring a securities brokerage business in Israel, the firm expected to broaden its business both in brokerage and investment banking. Robert J. Mittleman, chief executive of Oscar Gruss, said his firm was negotiating with several people to establish a replacement arrangement in Israel.
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COMPANY NEWS;ACCUSTAFF AGREES TO BUY ADDITIONAL TECHNICAL SUPPORT
Date: 16 January 1996
Bloomberg Business News
Bloomberg News
Accustaff Inc. agreed yesterday to buy Additional Technical Support Inc., another provider of temporary employees. Terms of the deal, which is expected to be completed on March 1, were not disclosed. Additional Technical, which is based in Waltham, Mass., had revenue of $106 million for the year that ended on July 31. Accustaff, based in Jacksonville, Fla., had 1994 revenue of $137.1 million. Its shares were up $2 yesterday, to $43.50, in Nasdaq trading. Additional Technical provides employees in information technology, software engineering and other areas.
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