Il 8 dicembre 1993 era una mercoledì sotto il segno zodiacale del ♐. Era il 341 ° giorno dell'anno. Il presidente degli Stati Uniti era William J. (Bill) Clinton.
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8th of December 1993 News
Notizie come è apparso sulla prima pagina del New York Times il 8 dicembre 1993
XEROX SAID TO SETTLE ANTITRUST SUIT
Date: 08 December 1993
By Bloomberg News
Bloomberg News
Plaintiffs' lawyers in a class-action antitrust lawsuit by 25,000 independent service and repair organizations against the Xerox Corporation said yesterday that Xerox had agreed to settle the suit. The Federal suit, filed in Marshall, Tex., in April 1992 with allegations dating back four years, claimed that Xerox suppressed competition in the sales and servicing of its copiers and parts. The plaintiffs' lawyers issued a statement that Xerox had agreed to offer $225 million in certificates good for the purchase of Xerox products. Xerox, of Stamford, Conn., said it would issue a statement today regarding the settlement.
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CATHAY PACIFIC ORDERS 6 AIRBUS JETS
Date: 08 December 1993
By Bloomberg News
Bloomberg News
Cathay Pacific Airways, Hong Kong's major international airline, said yesterday that it had placed an order with Airbus Industrie for six A340-300 aircraft for $801 million. The long-haul aircraft will be delivered in 1996-97. In the interim Cathay, controlled by the Hong Kong conglomerate Swire Pacific, will lease four A340-200's from Airbus. The six firm orders replace six of the 14 options Cathay had on A330-300 medium-range aircraft from Airbus. The other eight options for A330-300's remain open.
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EASTMAN KODAK SUSPENDS PLAN TO MOVE IMAGING BASE
Date: 09 December 1993
By Bloomberg News
Bloomberg News
The Eastman Kodak Company said yesterday that its Imaging Group headquarters for the United States and Canada would stay in Rochester for now because the company wanted to spend more time improving the unit's business. Kodak had planned to move the Imaging Group's headquarters to Washington so that it would be closer to its customers and have better access to commercial airline flights.
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J. P. MORGAN INCREASES QUARTERLY DIVIDEND BY 13.3%
Date: 09 December 1993
By Bloomberg News
Bloomberg News
J. P. Morgan & Company said yesterday that its board had authorized an increase of 13.3 percent in the quarterly dividend, to 68 cents a share from 60 cents, and the repurchase of up to seven million, or 3.6 percent, of its shares. Morgan said it also planned to halt the 3 percent discount from the market price on shares purchased through its dividend reinvestment plan. The discount will end as of the April 15 dividend payment. The dividend increase is payable on Jan. 14 to shareholders of record on Dec. 20. Shares of Morgan were up $1.50, to $72.75, on the New York Stock Exchange.
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BRITISH TELECOM TO LAY OFF 300 U.S. WORKERS
Date: 09 December 1993
By Bloomberg News
Bloomberg News
British Telecom P.L.C. said yesterday that it had notified 300 employees, or 19 percent of its United States work force, that they would be laid off on Jan. 1. The layoffs stem from British Telecom's $4.3 billion deal for a 20 percent stake in the MCI Communications Corporation. "The layoffs are a result of combining MCI and B.T.'s data operations," said Jim Barron, a spokesman for British Telecom. Most of the layoffs will be in San Jose, Calif., where British Telecom's North American operations are based.
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REYNOLDS METALS MAY CUT JOBS AND TAKE A CHARGE
Date: 08 December 1993
By Bloomberg News
Bloomberg News
The Reynolds Metals Company said yesterday that it might slash jobs at operations around the United States and take 1993 charges of $150 million to $225 million to cover the changes. Reynolds, based in Richmond, said it might cut jobs at fabricating operations in Illinois, Kentucky, California and possibly other sites. The company, the world's third-largest aluminum producer, is headed for a steep loss for the second straight year. Reynolds said the charges would total $2.50 to $3.75 a share.
Full Article
GATEWAY 2000'S SHARE OFFERING RAISES $163.5 MILLION
Date: 08 December 1993
By Bloomberg News
Bloomberg News
Gateway 2000, a direct marketer of personal computers based in North Sioux City, S.D., raised $163.5 million yesterday by selling 10.9 million shares at $15 each through an underwriting group led by Goldman, Sachs & Company. Nasdaq trading in the shares begins today. The company's net income for the nine-month period jumped to $68.6 million from $48.6 million, while revenue rose to $1.19 billion from $753.4 million. Gateway has about 71.6 million shares. About 15.2 percent of the company will be publicly held.
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Junk Bond Case Is Settled
Date: 09 December 1993
By Bloomberg News
Bloomberg News
Six current and former executives of the First Investors Corporation settled Government allegations yesterday that they had failed to supervise brokers who defrauded investors in two First Investors junk bond mutual funds. The six people, including the president of the company, David Grayson, and its chairman, Glenn Head, agreed not to work as supervisors at brokerage firms for periods ranging from three to nine months. They consented to the out-of-court settlement, reached with the Securities and Exchange Commission, without admitting or denying wrongdoing.
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NEWS SUMMARY
Date: 09 December 1993
International A3-15 SEEKING TO END MEXICAN DOUBTS Seeking to dispel doubts about the fairness of Mexico's political process, the governing party's new presidential candidate has promised to issue detailed fund-raising and spending reports and take other steps to insure the credibility of the elections next year. A3 HEAVY SENTENCES FOR NEO-NAZIS A German court handed down heavy sentences in Berlin against two young neo-Nazis who last year hurled firebombs at two houses where Turks lived, killing a grandmother and two girls. A9
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Japanese Stocks Soar
Date: 09 December 1993
By Bloomberg News
Bloomberg News
Stocks rallied in the late afternoon here after Bank of Japan Gov. Yasushi Mieno said he was concerned about the stock market, traders said. Gov. Mieno also said the central bank would try to help Japanese banks handle non-performing loans. At the close, the Nikkei index of 225 issues was up 553.96 points, or 3.36 percent, at 17,061.91. On Wednesday, the Nikkei fell 395.54 points, or 2.34 percent.
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NEWS SUMMARY
Date: 08 December 1993
International A3-17 HOLLYWOOD'S TRADE ISSUE A conflict over France's effort to protect its film industry from Hollywood is becoming a central issue in the GATT world trade talks. A1 JAPAN TO OPEN RICE MARKET Japan plans to open its rice market to imports, removing a major stumbling block to a world trade pact by the deadline. D1
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Semiconductor Ratio Is Down
Date: 09 December 1993
By Bloomberg News
Bloomberg News
The Semiconductor Industry Association's closely watched book-to-bill ratio fell below 1 in November, dropping to 0.99 from 1.00 in October. The last time the number slipped below 1 was in October 1991, when it was 0.96. A book-to-bill of 0.99 indicates that for every $100 in semiconductor shipments to the United States market, chip makers got $99 in new orders. A ratio below 1 indicates the market is contracting.
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