Il 5 gennaio 1994 era una mercoledì sotto il segno zodiacale del ♑. Era il 4 ° giorno dell'anno. Il presidente degli Stati Uniti era William J. (Bill) Clinton.
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5th of January 1994 News
Notizie come è apparso sulla prima pagina del New York Times il 5 gennaio 1994
'World News Tonight' Replaces Top Producer
Date: 06 January 1994
In a sign of internal trouble at the nation's top-rated evening newscast, "World News Tonight," ABC announced yesterday that the program's executive producer, Emily Rooney, was being replaced after just eight months on the job. Ms. Rooney will be replaced by Rick Kaplan, the executive producer of ABC's "Prime Time Live." Mr. Kaplan will be replaced by Phyllis McGrady, executive producer of "Turning Point," an ABC newsmagazine scheduled to have its premiere this spring.
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Times Co. Weeklies Sold
Date: 05 January 1994
The New York Times Company said yesterday that it had sold two weekly newspapers in Georgia, The Winder News and The Forsyth County News, to Swartz-Morris Media Inc. The terms of the sale were not disclosed. The Times Company acquired the papers in 1987 along with The Gwinnett Daily News, whose assets were sold in 1992 to Cox Enterprises. The Winder News has a circulation of 6,700, while The Forsyth County News has a circulation of 10,600.
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Journal; David Brock's Women
Date: 06 January 1994
By Frank Rich
Frank Rich
To his fans, David Brock, the writer who ruined the Clintons' Christmas, is a hard-hitting investigative reporter. To everyone else, he is a smear artist with a right-wing agenda. But a reading of Mr. Brock's oeuvre in the conservative journal The American Spectator suggests that his motives are at least as twisted as his facts. It's women, not liberals, who really get him going. The slightest sighting of female sexuality whips him into a frenzy of misogynist zeal. All women are the same to Mr. Brock: terrifying, gutter-tongued sexual omnivores. Such caricatures are a staple of his latest expose and its predecessors, including the article that spawned his book "The Real Anita Hill."
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Kmart to Sell Stakes in Unit
Date: 05 January 1994
By Bloomberg News
Bloomberg News
The Kmart Corporation will announce today that it is selling minority stakes in its specialty-store division to raise money and strengthen its financial condition, the company said yesterday. Kmart said in a news release that it would divulge "several strategic actions" at a news conference at its headquarters in Troy, Mich. Joseph Antonini, the company's chairman and chief executive, and other top managers will be at the meeting.
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F.T.C. ORDERS DONNELLEY TO DIVEST UNIT
Date: 06 January 1994
By Bloomberg News
Bloomberg News
The Federal Trade Commission yesterday ordered R. R. Donnelley & Sons to divest itself of a printer it acquired because, it said, the transaction "substantially lessens" competition in a specialty printing market. Any new buyer of the unit, the Meredith-Burda Company, must be approved by the F.T.C. to insure that the purchase would not squelch competition, an administrative law judge said. Donnelley, based in Chicago, said it would fight the ruling by appealing to the full commission and, if necessary, to the United States Court of Appeals for the Seventh Circuit.
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CALIFORNIA FEDERAL PLANS TO SELL 44 OFFICES
Date: 06 January 1994
By Bloomberg News
Bloomberg News
California Federal Bank said yesterday that it planned to sell almost one-quarter of its branch network and raise up to $300 million as part of a plan to refocus on its primary markets in California. The nation's fifth-largest savings institution said it planned to sell 43 offices in Florida and one in Georgia, which have combined deposits of more than $4 billion. The company also plans to raise between $200 million and $300 million through a preferred stock and rights offering and sell off an undetermined amount of delinquent loans and assets in bulk.
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DEVON TO ACQUIRE ALTA ENERGY FOR $31.2 MILLION
Date: 05 January 1994
By Bloomberg News
Bloomberg News
The Devon Energy Corporation agreed yesterday to purchase Alta Energy Inc. for $31.2 million, or $7.79 a share, in cash and stock, based on Friday's stock prices. The transaction between the two independent petroleum producers would increase the size of Devon's reserves by 38.9 percent, or 28.8 million barrels of oil equivalent. Alta shareholders would get $1.20 a share in cash for each of the 4.006 million shares Alta estimates will be outstanding. Alta holders would also get 0.3189 Devon share for each Alta share. Devon, of Oklahoma City, said it would also assume $37 million in debt and other obligations, making the purchase of the Midland, Tex., company worth about $69 million, based on Friday's closing price of $20.625 for Devon shares. Alta shares plunged $1.875, to $7, on the American Stock Exchange yesterday where the 21 percent decline was the worst of the day, while Devon shares dropped 37.5 cents, to $20.25.
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SPS TECHNOLOGIES TO CUT 200 JOBS AND TAKE A CHARGE
Date: 06 January 1994
By Bloomberg News
Bloomberg News
SPS Technologies Inc. said yesterday that it would eliminate the jobs of more than 200 managers and nonproduction employees, or about 10 percent of its nonproduction work force, and that it expected to take a fourth-quarter restructuring charge of $20 million to $25 million. Shares of SPS rose $1.375 yesterday, to $21.125, on the New York Stock Exchange. The company, a manufacturer of aerospace and industrial fasteners and precision components, as well as lighting equipment, superalloys and magnetic materials, said it was moving its headquarters from Newtown, Pa., to Jenkintown, Pa.
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SATURN HAS BREAK-EVEN RESULTS BEFORE INTEREST
Date: 06 January 1994
By Bloomberg News
Bloomberg News
The Saturn Corporation, a subsidiary of the General Motors Corporation, said yesterday that it had broken even before interest expenses for the first time since it began building cars in 1990. "Saturn will exceed its break-even and realize a substantial operating profit in 1993," Tom Manoff, vice president for finance at Saturn, said. Saturn said the break-even point excluded the cost of paying interest on $1.9 billion in bonds held by G.M. to build the Saturn plant in Spring Hill, Tenn. The subsidiary expects to sell between 275,000 and 300,000 cars this year, up from 229,356 in 1993 and 212,000 in 1992.
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CENTERIOR CUTS DIVIDEND AND PLANS $1 BILLION CHARGE
Date: 05 January 1994
By Bloomberg News
Bloomberg News
Struggling to reduce costs in the face of increased competition, the Centerior Energy Corporation cut its quarterly dividend 50 percent yesterday, to 20 cents a share, and said it would take a $1.02 billion charge for 1993. Centerior, the Independence, Ohio, holding company for both the Cleveland Electric Illuminating Company and the Toledo Edison Company, said it would take an after-tax charge of $7.05 a share to write down its investment in the half-built Perry Unit 2 nuclear power plant and costs relating to its Perry Unit 1 and Beaver Valley Unit 2 nuclear facilities. The charge will result in a loss for 1993, Centerior said. On the New York Stock Exchange yesterday, Centerior's shares dropped 12.5 cents, to $13.
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