Il 8 febbraio 1995 era una mercoledì sotto il segno zodiacale del ♒. Era il 38 ° giorno dell'anno. Il presidente degli Stati Uniti era William J. (Bill) Clinton.
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Date: 08 February 1995
By Bloomberg News
Bloomberg News
Sysdeco Group A.S. said today that it had agreed to buy the Atex Publishing Systems Corporation and Sypress Oy of Finland to become the world's largest source of newspaper software systems. The purchase of Atex, based in Bedford, Mass., involves a refinancing package including debt-to-equity conversion, debt forgiveness and a capital injection from Sysdeco.
Date: 08 February 1995
By Bloomberg News
Bloomberg News
Petsmart Inc. said yesterday that it would buy a competitor, Petstuff Inc., for about $102 million in stock, bolstering its position as the nation's largest chain of pet superstores. Under the deal, each Petstuff shareholder would get 0.278 share of Petsmart's common stock for each share they held. In Nasdaq trading yesterday, shares of Petsmart rose $1.25, to $38.25, and shares of Petstuff fell 62.5 cents, to $10.375. Petstuff, based in Roswell, Ga., operates 56 pet supply superstores in the United States and Canada. Petsmart, based in Phoenix, operates 176 stores in 24 states.
Date: 09 February 1995
By Bloomberg News
Bloomberg News
Workers who walked out of a Thomson Consumer Electronics plant in Ciudad Juarez, Mexico, a week ago, returned to work yesterday after receiving a 13 percent raise from their employer. Thomson, a unit of the French electronics giant, said the raise would partially offset the plunge in the Mexican peso, which has eroded the value of workers' salaries. Workers demanded a 30 percent pay increase after walking off the job on Jan. 31. The latest raise comes on top of a 7 percent increase for Thomson workers in December. The walkout at the Thomson plant, across the border from El Paso, Tex., had raised concerns among managers at other plants along the border, which are known as maquiladoras. Many feared the unrest would spread among the more than 2,000 such factories.
Date: 09 February 1995
By Bloomberg News
Bloomberg News
Shares of Amgen Inc. soared yesterday as speculation intensified that the company might soon be acquired, possibly by the Bristol-Myers Squibb Company. Amgen's stock traded as high as $76.125 before closing at $70.75, up $5.375, on Nasdaq trading of 6.2 million shares. A spokesman for Bristol-Myers Squibb declined to comment. Shares of Bristol-Myers were down $1, at $60.875, on the New York Stock Exchange. Speculation was heard on Wall Street last week after an article in Business Week magazine said Amgen might be worth $90 in a takeover, with the probable suitor being Bristol-Myers. Amgen is a biotechnology company based in Thousand Oaks, Calif.
Date: 08 February 1995
By Bloomberg News
Bloomberg News
Paine Webber Group Inc. is negotiating with the Securities and Exchange Commission to settle possible charges that some of the firm's brokers concealed risks associated with limited partnerships they sold, people familiar with the talks said yesterday. The company may set up a fund to pay back investors who lost money in a handful of limited partnerships sold between 1980 and 1992, a person familiar with the early discussions said. Paine Webber sold more than $2 billion of real estate, energy and airplane-leasing partnerships during that time.
Date: 08 February 1995
By Bloomberg News
Bloomberg News
Springs Industries and Dundee Mills Inc. signed a definitive merger accord valued at $118 million yesterday. Springs, based in Fort Mill, S.C., will swap $2,525 a share in stock and cash to acquire Dundee Mills, a closely held towel maker based Griffin, Ga. The proposed deal, which was announced last month, would provide Springs with an entry into the towel manufacturing business. Springs is the largest manufacturer of sheets and bedding in the United States and one of the biggest makers of household products. Shares of Springs rose $1.125, to $37.75, on the New York Stock Exchange yesterday.
Date: 08 February 1995
By Bloomberg News
Bloomberg News
Shares of H& R Block Inc. fell sharply yesterday amid indications that its electronic tax-return filing business had declined more than expected. Block, based in Kansas City, Mo., said last fall that its 1995 earnings would decline, after the Internal Revenue Service eliminated a service called direct deposit indicator. The indicator showed whether taxpayers owed money from previous years and was used by tax preparers, in conjunction with lenders, to offer loans backed by expected tax refunds. With fewer people eligible for and seeking the refund-anticipation loans, fewer Block customers are paying the extra fee for the electronic filing service. Shares of Block fell $1.875, to $36.25, on the New York Stock Exchange yesterday.
Date: 09 February 1995
By Bloomberg News
Bloomberg News
The stock price of Stein Mart Inc. fell yesterday after the company said its fourth-quarter earnings would fall short of expectations and several analysts lowered their recommendations. Shares of Stein Mart, an apparel retailer based in Jacksonville, Fla., were down $3.125, or 21.6 percent, at $11.375, on Nasdaq. The company operates 80 department stores in the South and Midwest. After the market closed on Tuesday, Stein Mart said it expected fourth-quarter earnings to be ahead of the 45 cents a share in the corresponding period a year earlier, but less than the 52 to 60 cents a share predicted by analysts in a Zacks Investment Research survey.
Date: 08 February 1995
By Bloomberg News
Bloomberg News
Bertelsmann Music Group said yesterday that it was cutting more than 20 percent of the work force at its RCA Records and Zoo Entertainment record labels. The restructuring is the first big move by Strauss Zelnick since he started last month as president and chief executive of BMG Entertainment North America, a unit of Bertelsmann A.G. of Germany.
Date: 08 February 1995
By Bloomberg News
Bloomberg News
The chairman and chief executive of the RJR Nabisco Holdings Corporation, Charles M. Harper, sold 311,111 shares, or half his stake in the tobacco and food company, last month and spent the proceeds on shares of its Nabisco Holdings Corporation unit. The transaction was approved by RJR Nabisco's board, which had required Mr. Harper to buy more than 600,000 shares of the company when he started working there in 1993. The sale of Mr. Harper's RJR Nabisco stock was conditioned on his buying Nabisco Holdings shares.