Den 19 juli 1999 var en måndag under stjärntecknet ♋. Det var 199 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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Date: 19 July 1999
By Felicity Barringer
Felicity Barringer
Television provides extensive coverage of disappearance of John F Kennedy Jr, his wife, Carolyn, and sister-in-law, Lauren Bessette, on flight from New Jersey to Martha's Vineyard, Mass; photo (M)
Date: 20 July 1999
By Bloomberg News
Bloomberg News
Biochem Pharma Inc., Canada's No. 1 biotechnology company, said yesterday that it had bought back eight million shares from Glaxo Wellcome P.L.C., the world's biggest maker of AIDS drugs, for $160 million. The buyback, at $20 a share, cut Glaxo's stake in Biochem, based in Laval, Quebec, from 12.2 percent to 5.3 percent of the 100.9 million remaining common shares outstanding. Biochem, which invented the AIDS and hepatitis B drug lamivudine, or 3TC, paid Glaxo $80 million yesterday and will pay another $80 million in 18 months. The two companies began their drug development in 1990.
Date: 20 July 1999
By Bloomberg News
Bloomberg News
After dismissing 5,850 employees to cut costs, the First Union Corporation will hire more than 2,000 tellers, after the sixth-largest United States bank realized its branch staff was not adequately serving customers. A First Union spokeswoman, Allison Rash, said the bank had been short by about 1,000 tellers for several months. The bank decided last week that it needed to hire another 1,000. There is a high turnover rate among tellers, she said. In March, the bank, based in Charlotte, N.C., said it was eliminating 5,850 jobs, or 7 percent of its work force, to offset higher spending on businesses including capital markets, capital management and retail delivery. Of that number, fewer than 2 percent worked in branches, Ms. Rash said.
Date: 20 July 1999
By Bloomberg News
Bloomberg News
India's third-largest steelmaker, Essar Steel Ltd., said it did not have the money to repay a $250 million Eurobond that is due today and would ask bondholders for time to raise money. Essar said it would submit a plan in the next three months on how it will repay the bonds, either by borrowing to refinance them or rolling them over by extending their maturity dates.
Date: 20 July 1999
By Bloomberg News
Bloomberg News
Foodmaker Inc., the owner of the Jack in the Box fast-food hamburger chain, said today that it would change its name to Jack in the Box Inc. effective Oct. 4. The change will coincide with a planned expansion into the southeastern United States, with openings of restaurants scheduled for Nashville; Charlotte, N.C., and Baton Rouge, La. The company, which ranks fifth among quick-service hamburger chain, has rebounded after weathering an outbreak of deadly illnesses caused by contamination that was traced to its food six years ago.
Date: 20 July 1999
By Bloomberg News
Bloomberg News
Britain's dominant supplier and marketer of natural gas, Centrica P.L.C., said it would take a charge of $:60 million ($93 million) this year to close its 243 retail stores. The stores lost $:33 million in 1998 and $:25 million in the first half of this year. Centrica, which was spun off from British Gas in 1997, will continue to supply cookers and other products that had been handled at its stores through home shopping connections.
Date: 19 July 1999
By Bloomberg News
Bloomberg News
Paradyne Networks Inc stock more than triples its offering price in first day of trading (S)
Date: 20 July 1999
By Bloomberg News
Bloomberg News
France is preparing to cut sharply its stake in Thomson-CSF, Europe's biggest military electronics maker, labor union officials said, in a bid to help its prospects for partnerships in Europe. The state will cut its stake to less than 20 percent from 44 percent, according to the union CFDT, partly through the sale of 10 percent of Thomson to Alcatel S.A., Europe's largest telecommunications equipment maker, and 10 percent to the public. The union, which holds two Thomson-CSF board seats, did not say what would happen with the other 4 percent.
Date: 20 July 1999
By Bloomberg News
Bloomberg News
The General Electric Company, the world's largest maker of diagnostic-imaging equipment, said today that the Columbia/HCA Healthcare Corporation had agreed to a five-year, $1.5 billion contract to use G.E. imaging machines, including X-ray and ultrasound equipment. The agreement, effective early next year, replaces a four-year-old contract between G.E. and Columbia/HCA, the largest United States hospital operator.
Date: 20 July 1999
By Bloomberg News
Bloomberg News
Motorola Inc., one of the world's biggest cellular phone makers, said today that it would sell 2.8 million shares of Nextel Communications Inc. in the third quarter, reducing its stake in the nationwide wireless carrier to 19 percent. Motorola acquired the shares in April by exercising Nextel warrants, most of which were set to expire in October. The shares Motorola will sell represent less than 1 percent of Nextel's common stock outstanding. A sale would generate about $156.6 million for Motorola based on Nextel's closing price today. After the sale, Motorola will still hold about 56 million shares of Nextel.