Il 2 marzo 1995 era una giovedì sotto il segno zodiacale del ♓. Era il 60 ° giorno dell'anno. Il presidente degli Stati Uniti era William J. (Bill) Clinton.
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2nd of March 1995 News
Notizie come è apparso sulla prima pagina del New York Times il 2 marzo 1995
Investor Group to Provide For Expansion of El Diario
Date: 03 March 1995
By William Glaberson
William Glaberson
The owners of El Diario/La Prensa, the Spanish-language daily in New York City, announced yesterday that a group of investors had agreed to provide the capital for a broad expansion into electronic and other Spanish-language media. The new investors include Time Warner Inc.; the Massachusetts Mutual Life Insurance Company; Malayan United Industries, a Malaysian company with industrial and media properties, and a group that includes executives of Wertheim Schroder & Company, the New York investment bank.
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Ashland-Waco Deal
Date: 02 March 1995
By Bloomberg News
Bloomberg News
Ashland Inc. said today that it had completed the acquisition of some assets of the Waco Oil and Gas Company for cash and about $40.5 million of stock. Ashland issued 1,250,623 shares of common stock valued at $40.5 million at a price of $32.375 each. The amount of cash was not disclosed. The company also said it had completed on Monday the previously announced acquisition of certain assets of the United Meridian Corporation of Houston. Terms were not disclosed, but an Ashland spokesman said the purchase was in cash.
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Citicorp Sues Bankers Trust
Date: 03 March 1995
By Bloomberg News
Bloomberg News
Citicorp is suing the Bankers Trust Company of New York over what Citicorp said were assurances that an entrepreneur who ultimately was indicted on fraud accusations was a good credit risk. The lawsuit contends that Citicorp agreed to lend the entrepreneur, William J. Stoecker, increasing amounts of money as a result of Bankers Trust assurances. The lawsuit, filed on Feb. 16 in State Supreme Court in Manhattan, said the assurances were made in 1987 and 1988, when Bankers Trust was reducing its own exposure.
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MELLON BANK AGREES TO BUY CERTUS UNIT
Date: 03 March 1995
By Bloomberg News
Bloomberg News
The Mellon Bank Corporation said yesterday that it had agreed in principle to acquire the $5 billion asset-management unit of the Certus Financial Corporation for an undisclosed price. The Pittsburgh-based bank said the Certus unit would become its ninth registered investment adviser. The acquisition is expected to be completed during the second quarter. The Certus unit, based in San Francisco, will continue to be managed by David M. Perry, its president and chief investment officer, and Robert A. McCormish, senior vice president, Mellon said. In early 1994, Mellon and Certus formed a strategic alliance to allow Mellon to offer guaranteed investment contracts and other fixed-income products to its customers.
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SCHERER AND DERMA SCIENCES DROP BID FOR PROCYTE
Date: 02 March 1995
By Bloomberg News
Bloomberg News
Scherer Healthcare Inc. and Derma Sciences Inc. dropped their joint hostile takeover bid for the Procyte Corporation yesterday. The two companies said they still planned to explore a possible merger with each other. The move came five days after Scherer dismissed two top executives in a salary dispute and named its founder, Robert P. Scherer Jr., chief executive. Scherer, based in Atlanta, said yesterday that it had "higher priorities" than the takeover, though the company did not rule out a future bid for Procyte. Derma, based in Old Forge, Pa., said the expense of a proxy solicitation had contributed to the decision to drop the bid. In Nasdaq trading, shares of Scherer fell 62.5 cents, to $5.375, while those of Derma fell 6.25 cents, to $5. Shares of Procyte fell 25 cents, to $2.4375.
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GIBSON GREETINGS SHAREHOLDER SEEKS A POSSIBLE SALE
Date: 02 March 1995
By Bloomberg News
Bloomberg News
An investment firm that holds about 1 percent of the shares of Gibson Greetings Inc. is advising the company's board to consider selling the struggling company. "The company should make a good strategic fit with a number of larger consumer-oriented paper companies looking to expand their product offerings," David Katz, president and chief investment officer of Matrix Asset Advisors Inc. of New York, wrote in a letter sent to board members Tuesday night. The firm, which manages about $180 million in assets, also called for Gibson, based in Cincinnati, to make a "decisive" change in top management. Shares of Gibson rose 12.5 cents, to $9.50, in Nasdaq trading. The company's stock has fallen 71 percent since February 1992, when it reached a high of $32 a share.
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ST. JOE PAPER SHARES UP ON MOVE TO SELL ASSETS
Date: 02 March 1995
By Bloomberg News
Bloomberg News
Shares of the St. Joe Paper Company rose 14 percent to a new high yesterday, a day after the company put some assets up for sale. Shares of St. Joe gained $8.25, to $67.75, on the New York Stock Exchange. After the close of trading on Tuesday, the company said it would sell its phone unit, its sugar divisions and part of its paper business in response to a request by its majority shareholder. One analyst said the sales could raise as much as $850 million for St. Joe, which is 69 percent owned by the Alfred I. du Pont Testamentary Trust. In addition to the businesses put up for sale, St. Joe, based in Jacksonville, Fla., has real estate and railroad holdings.
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CHIRON CORP. (CHIR,NNM)
Date: 02 March 1995
By Bloomberg News
Bloomberg News
The Chiron Corporation reported a fourth-quarter loss yesterday after writing down two equity investments and paying fees for a partnership agreement with Ciba-Geigy A.G. The loss for Chiron, a biotechnology company based in Emeryville, Calif., totaled $4.2 million, or 13 cents a share, compared with net income of $5.5 million, or 16 cents a share, in the period a year earlier.
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Data on Short Sales Revised
Date: 02 March 1995
By Bloomberg News
Bloomberg News
The New York Stock Exchange has revised downward its report of the number of shares sold short in the month ended in mid-February. The exchange said 1.881 billion shares were sold short -- that is, borrowed from a broker and sold in hopes that prices will fall -- in the period ended Feb. 15, down from its original report of 1.909 billion.
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Adelphia and FPL in Deal
Date: 02 March 1995
By Bloomberg News
Bloomberg News
The Adelphia Communications Corporation said today that it had agreed to buy the cable television systems of FPL Group Inc. for about $127.5 million in stock. The transaction will add 50,000 subscribers to Adelphia's Florida cable television franchise, increasing it to about 460,000 households. FPL, the parent of the Florida Power and Light Company, had been trying to sell its cable operations for several years as part of an effort to divest itself of nonutility businesses.
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