Il 20 maggio 1992 era una mercoledì sotto il segno zodiacale del ♉. Era il 140 ° giorno dell'anno. Il presidente degli Stati Uniti era George Bush.
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20th of May 1992 News
Notizie come è apparso sulla prima pagina del New York Times il 20 maggio 1992
Drivers to Vote on Contract That Would Reduce Staffing
Date: 20 May 1992
By Ralph Blumenthal
Ralph Blumenthal
Newspaper delivery drivers are scheduled to vote tomorrow on new contracts that would sharply reduce their numbers over several years and introduce other economies in exchange for job guarantees, retirement bonuses and other incentives. The latest version of the contracts with The New York Times and a distributor would for the first time permit part-time workers as drivers, something long opposed by the union, which has insisted on full-time wages no matter how many hours are worked.
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Drivers' Vote on Contract With Times Is Postponed
Date: 21 May 1992
By Ralph Blumenthal
Ralph Blumenthal
A vote scheduled for today by newspaper delivery drivers to resolve a bitter two-week dispute with The New York Times and a newspaper wholesale distributor was unexpectedly postponed last night after a union meeting. Douglas LaChance, the union president, said the vote on new contracts was "aborted" because of the lingering issue of the fate of nine union pickets arrested on various charges when the dispute began two weeks ago. Labor leaders said a new vote could probably not be scheduled before next week.
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Gates Confesses Shock at Acquittal Of Officer Who Hit King Most Often
Date: 21 May 1992
By Robert Reinhold
Robert Reinhold
When a suburban jury acquitted four Los Angeles police officers on nearly all charges of beating Rodney G. King three weeks ago, Chief Daryl F. Gates says, he was just as shocked as most other people who had followed the case. The Los Angeles police chief said that while he had thought the jury might acquit or deadlock on three of the officers he thought the officer who rained the most blows on the prone Mr. King, Laurence M. Powell, was certain to be convicted.
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DEATH CASE GOES TO COURT AND TV
Date: 20 May 1992
By Peter Applebome
Peter Applebome
In court appeals and television appearances a day before his scheduled execution, Roger Keith Coleman tried to plead his case today for a Federal hearing on his 1981 murder conviction in a Virginia court. The case has become a bizarre mix of law, politics and public relations that has come to symbolize the bitter issues surrounding the death penalty in America. Citing as reasons for further hearings for Mr. Coleman allegations that he had ineffective counsel and was unable to present evidence that pointed to another suspect, supporters say his case dramatizes the degree to which even substantial questions of guilt or innocence in death penalty cases no longer merit Federal hearings. Critics, including a majority of those in Grundy, Va., where the murder and rape in which he was convicted took place 11 years ago, say Mr. Coleman was fairly prosecuted and deserves to die Wednesday night in Virginia's electric chair.
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CRAFTMATIC CONTOUR SAYS IT IS STICKING ONLY TO BEDS
Date: 21 May 1992
By Bloomberg News
Bloomberg News
Craftmatic Contour Industries, which makes the Craftmatic adjustable electric bed, said it would stop distributing the Contour Chair-Lounge. Craftmatic Contour will take an aftertax charge of $1.9 million to cover restructuring related to the decision involving its Contour Chair-Lounge Company unit, said Stanley Kraftso, the chairman.
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GRACE RAISES OFFER FOR SHARES OF ENERGY OPERATION
Date: 21 May 1992
By Bloomberg News
Bloomberg News
W. R. Grace & Company increased its offer yesterday to acquire the 4.07 million shares of the Grace Energy Corporation it did not own to $77.3 million, or $19 a share. The proposal exceeds W. R. Grace's original offer of $67.2 million, or $16.50 a share, submitted on March 2. The company said the new offer resulted from discussions with a committee of independent Grace Energy directors. The first offer was found not to be high enough. Grace Energy's stock has traded above $16.50 since the original bid was made. It rose $1.25 yesterday, to $18.75, on the New York Stock Exchange.
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A $124.3 MILLION CONTRACT FOR 180 PATRIOT MISSILES
Date: 21 May 1992
By Bloomberg News
Bloomberg News
The Raytheon Company said yesterday that it had received a $124.3 million contract from the Army Missile Command to develop 180 more Patriot missiles. The missiles are to be delivered between October 1994 and June 1995, Raytheon said. The company, a $9.3 billion diversified technology concern, is the primary contractor for the Patriot system, which is produced in Andover, Mass.
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BLACK & DECKER WITHDRAWS UNIT'S STOCK OFFERING
Date: 21 May 1992
By Bloomberg News
Bloomberg News
The Black & Decker Corporation's plan to repay almost a third of its debt hit a snag yesterday, as the company postponed the public offering of its PRC Advanced Systems Inc. unit because of the crowded new-equity market. The decision brought little surprise, analysts said, given the unit's doubtful growth prospects and the many new stock offerings that have been withdrawn or reduced in recent months.
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MERRILL EXPANDS PROGRAM TO AID MORTGAGE BORROWERS
Date: 20 May 1992
By Bloomberg News
Bloomberg News
The Merrill Lynch Credit Corporation, the consumer credit and mortgage financing subsidiary of Merrill Lynch & Company, said yesterday that it introduced its "parent power" mortgage program in New York, New Jersey, Connecticut and Florida. The program, which was tested in California in March, permits qualified home buyers to finance 100 percent of the purchase price of a home without a down payment. The program is intended to assist younger home buyers in owning a home without having to liquidate savings or other assets of parents or other qualified sponsors, said Nassos Michas, chairman of private banking for Merrill.
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MALLARD SEEKS BANKRUPTCY AND AMEX MAY DELIST STOCK
Date: 20 May 1992
By Bloomberg News
Bloomberg News
The Mallard Coach Company, a recreational-vehicle maker based in Nappanee, Ind., has filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code, as expected. Mallard and its subsidiaries took the action on Friday. Yesterday, the company said the American Stock Exchange was considering delisting its stock, which was last quoted on Friday at 43.75 cents. Mallard said it had restructured substantially all its debt under agreements with senior and subordinated lenders in February, but recent talks aimed at further restructuring were unsuccessful. Mallard ceased manufacturing on May 7. It is being run by a management consulting company after the resignation of its chief executive, Edward Vieth. The company makes vehicles under the names Prairie Schooner, Overland and Discovery Express.
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