Il 15 agosto 1992 era una sabato sotto il segno zodiacale del ♌. Era il 227 ° giorno dell'anno. Il presidente degli Stati Uniti era George Bush.
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Date: 15 August 1992
By Bloomberg News
Bloomberg News
The FMR Corporation, a Boston investment fund manager, has cut its stake in the Key Corporation to 4.88 percent from about 5.3 percent by selling shares worth about $10 million. FMR's funds sold the 297,550 common shares between July 24 and Aug. 4 at $32.63 to $34.53 a share, according to a filing with the Securities and Exchange Commission.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
The Manhattan Savings Bank unit of the Republic New York Corporation said yesterday that it would acquire Safrabank N.A. in Miami. Manhattan Savings will pay $30 million for Safrabank, which had $286.5 million in assets and $253.4 million of deposits as of June 30. Safrabank is a unit of Safracorp, which is owned by Edmond J. Safra. Mr. Safra owns 29 percent of Republic New York's stock. After the transaction is completed, Safrabank's branches will convert to Manhattan Savings Bank branches. No completion date was given. Republic New York's total assets as of June 30 exceeded $33 billion. It also operates Republic National Bank of New York.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
JWP Inc., owner of the Businessland computer retail chain, announced today that it had taken $64.5 million in charges against first- and second-quarter earnings and replaced its chief financial officer. JWP also changed its financial report for the second quarter. The company said it had a loss of $48.8 million, after previously reporting net income of $393,000. That compared with a profit of $14.85 million, or 39 cents a share, in the corresponding 1991 period.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
The United Technologies Corporation's Pratt & Whitney division has signed a letter of intent to supply 80 engines for 20 Russian-made, four-engine Ilyushin aircraft. Jim Bowman, a Pratt spokesman, said the company would supply the PW2000 engines for 10 IL-96M passenger and 10 IL-96MT cargo aircraft that have been bought by Russian International Airlines, a spinoff of Aeroflot. The terms of the deal were not disclosed. Depending on the contract, the engines sell for between $5 million and $7 million each, he said. The aircraft is scheduled for test flights in March and the first delivery is set for 1995, Mr. Bowman said.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
The General Dynamics Corporation said yesterday that it would jointly market a modified version of the Fairchild Metro 23 as a surveillance aircraft. General Dynamics and Fairchild Aircraft of San Antonio will introduce the plane next week in Fort Worth. Under its agreement with Fairchild, General Dynamics will provide onboard aircraft systems and ground station equipment for the plane, known as the Multi-Mission Surveillance Aircraft. The first model is at General Dynamics' Fort Worth plant being outfitted with a sensor pod originally designed for the F-16 fighter, said Joe Stout, a company spokesman. Details of the program, like production rates and costs, are not being released because the companies have not begun soliciting contracts, Mr. Stout said. The aircraft will be marketed domestically and internationally.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
Wang Laboratories Inc.'s class B stock plunged 29 percent in active trading as the company missed its self-imposed deadline for reporting its fourth-quarter earnings. The company said it would report earnings in early August for the quarter that ended on June 30. On the American Stock Exchange, the company's class B shares closed down 62.5 cents at $1.50 on trading of 2.8 million shares, after hitting a 52-week low of $1.25. The previous low, posted on July 29, was $1.75.
Date: 15 August 1992
By Alex S. Jones
Alex Jones
Newspaper unions remained deadlocked yesterday over who should buy The Daily News. Exactly when -- or if -- a consensus can be reached was very much in doubt, despite a Monday deadline from a bankruptcy judge. Union support is viewed as the essential element of a sale of the bankrupt paper, and after months of unresolved negotiations, the frustration of prospective buyers is apparent.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
The Singer Company and the Semi-Tech (Global) Company said today that they had agreed to form a joint venture to make and market sewing machines in China. The companies and the Shanghai Yah Chong Sewing Machine Company will form the Singer (Shanghai) Sewing Machine Company. Singer will own 70 percent and Shanghai Yah Chong will own 30 percent of Singer Shanghai. Semi-Tech owns 51 percent of Singer.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
SA Holdings Inc. said today that it signed a letter of intent with the West Siberian Commercial Bank of Tyumen Oblast, Russia, to form joint companies to develop telecommunications services in the Tyumen Oblast territory. Financial details were not disclosed.
Date: 15 August 1992
By Bloomberg News
Bloomberg News
Datek, an over-the-counter market maker based in Brooklyn, resumed trading today two days after the firm was sanctioned by the National Association of Securities Dealers. The association suspended the firm and its general manager, Sheldon Maschler, for 90 days on charges of abusing the Small Order Execution System. Datek's lawyers filed a petition for a stay of the sanctions until an appeal hearing on Tuesday. Until the hearing, Datek will be allowed to trade stocks, but the firm is prohibited from using the small order system, which was intended for electronic trading of orders not exceeding 1,000 shares. Datek is accused of executing large orders over the system by dividing them into multiple blocks of 1,000 shares each, allowing the firm to sell thousands of shares quickly from its own inventory.