Den 24 januari 1996 var en onsdag under stjärntecknet ♒. Det var 23 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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Date: 24 January 1996
By James C. McKinley Jr
James McKinley
The Government is moving to enact two laws that journalists here say would muzzle independent newspapers during the year preceding the next election, early next year. The proposals have stirred a minor political storm in this East African country, where journalists have had increasing freedom since the Government first held multiparty elections in 1991.
Date: 24 January 1996
Reuters
The Kaufman & Broad Home Corporation, the largest home builder in the West, signed a definitive agreement yesterday to acquire Rayco Ltd. in a deal valued at $110 million in cash and debt assumption. The acquisition includes the title, mortgage and brokerage affiliates of Rayco, a privately held home builder with a 45 percent market share in San Antonio and annual revenue of $235 million. Kaufman, which is based in Los Angeles, has 13 operating divisions, in California, Arizona, Nevada, New Mexico, Colorado and Utah.
Date: 25 January 1996
Bloomberg Business News
Bloomberg News
The Firstar Corporation said yesterday that it would dismiss 1,400 workers in the next 17 months to cut its annual operating costs by $110 million. Firstar, a bank company based in Milwaukee, plans to eliminate another 1,100 jobs through attrition, for a total reduction of 2,500. The company plans to have 7,300 workers after the cuts. Firstar plans to take a charge of $31 million, or 42 cents a share, against its earnings in the first quarter for the dismissals and for other costs. Firstar, which has $19.2 billion in assets, has more than 240 branches, in six states. The company made its announcement after the close of trading. Firstar stock had risen $1, to $40.
Date: 24 January 1996
Dow Jones
Dow Jones
The Molson Companies, Canada's biggest brewer, agreed yesterday to sell most of its chemicals unit, the Diversey Corporation, to Unilever N.V. for $780 million (Canadian), or about $569 million (United States). Molson, which also owns the Montreal Canadiens hockey team, said it would focus on brewing and sports. Molson said Unilever, the British-Dutch consumer products concern, would acquire all of Diversey's cleaning and sanitizing business except for its Novamax metal-finishing business, water-treatment business and United States institutional cleaning-supplies and laundry business. Molson agreed to sell the cleaning business to a Diversey management group, but terms were not disclosed.
Date: 24 January 1996
By Bill Carter
Bill Carter
NBC yesterday appointed Mark Harrington, a longtime CBS executive, to be vice president and general manager of its new all-news cable network, currently called MSNBC. The channel, which could be operating as early as July and may be renamed, is a co-venture between NBC and the Microsoft Corporation. Mr. Harrington will report to Andrew Lack, the president of NBC News, who is in charge of MSNBC.
Date: 25 January 1996
Bloomberg Business News
Bloomberg News
The shares of the National Lodging Corporation rose to a 52-week high yesterday after the company agreed in principle to sell about 4 million common shares, worth about $57 million, to Chartwell Leisure Associates 2 L.P. National Lodging's stock closed up $1.625, at $12.25, in Nasdaq trading after reaching a 52-week high of $13.75 earlier. The shares are to be sold for $14.25 apiece. National Lodging said Chartwell, which consists mostly of members of the Fisher real estate family and trusts for the benefit of the de Gunzberg and Gordon Getty families, now would own about 52 percent of National Lodging. National Lodging, formerly the National Gaming Corporation, bought 16 Travelodge hotels and interests in 96 others last month.
Date: 24 January 1996
Dow Jones
Dow Jones
The Gerber Products Company, a unit of Switzerland's Sandoz Ltd., said yesterday that it had sold its apparel business to GCIH Inc., an investment group formed by management and a private equity fund. Terms were not disclosed. Gerber, a maker of baby products, agreed to give the unit, Gerber Childrenswear Inc., an exclusive license to use the Gerber name and trademark on clothing sold in the United States, Canada, Mexico, Argentina and the Caribbean. Gerber Childrenswear has annual sales of about $200 million.
Date: 24 January 1996
Reuters
Einstein Bros. Bagels Inc. said yesterday that it would acquire Noah's New York Bagels Inc., a fast-growing West Coast bagel retailer in which the Starbucks Corporation has a 20 percent stake, for about $100 million in cash and stock. The deal is part of a plan by Einstein, a privately held company in Golden, Colo., to continue its growth. The acquisition would raise Einstein's network to more than 100 bagel stores in 10 states. The purchase is to be partly financed by an existing $80 million loan from the restaurant chain Boston Chicken Inc., and that company has also agreed to provide a new $40 million loan for development of both bagel chains.