Il 13 aprile 1995 era una giovedì sotto il segno zodiacale del ♈. Era il 102 ° giorno dell'anno. Il presidente degli Stati Uniti era William J. (Bill) Clinton.
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13th of April 1995 News
Notizie come è apparso sulla prima pagina del New York Times il 13 aprile 1995
Journal; Tin Cans and String
Date: 13 April 1995
By Frank Rich
Frank Rich
Republicans could have a lot of fun with last Saturday's Democratic fund-raiser at Steven Spielberg's home, where Hollywood couples paid $50,000 each to dine with Bill and Hillary Clinton, listen to Robin Williams's shtick and chow down on populist vittles like fried chicken. What more perverse weekend to schedule such an event than the one in which the President ended his 100-day silence to re-emerge as the champion of the middle class? Awkward as this symbolism was, even more embarrassing is how little the Democrats have to show for their ostentatious synergy with the most powerful and imaginative minds in the pop-culture industry. Bill Clinton may draw campaign checks from the DreamWorks moguls, but it is the G.O.P. that cannily milks the machinery of the mass media to pound out its message.
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At the Bar; In law schools, the quest for a high ranking has now reached the highest echelons.
Date: 14 April 1995
By Neil A. Lewis
Neil Lewis
As happens every spring, students from law schools throughout the country recently gathered at bulletin boards to scrutinize a set of numbers. A familiar-enough scene, anxious students checking their grades. But wait. Standing alongside them were law school faculty members and deans.
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ENSERCH EXPLORATION TO ACQUIRE DALEN
Date: 14 April 1995
By Bloomberg News
Bloomberg News
Enserch Exploration, a unit of the Enserch Corporation, said yesterday that it would acquire the Dalen Corporation, a Dallas-based unit of the Pacific Gas and Electric Company, for $340 million in cash. The purchase also included the assumption or refinancing of about $115 million in Dalen bank debt, bringing the total price to $455 million. By acquiring Dalen, Enserch Exploration would add 307.4 billion cubic feet of natural gas and 11.7 million barrels of oil to its reserve base. Like Enserch Exploration, Dalen's reserves are concentrated along the Gulf Coast and in the region that includes Texas, Oklahoma, New Mexico and Colorado. Enserch is based in Dallas.
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AMSOUTH TO SELL $6 BILLION IN MORTGAGE SERVICING
Date: 13 April 1995
By Bloomberg News
Bloomberg News
The AmSouth Bancorporation said yesterday that it would sell $6 billion of its mortgage servicing portfolio to GE Capital Mortgage Services Inc., a unit of the General Electric Corporation. AmSouth, based in Birmingham Ala., did not disclose the purchase price but said the company expected a pretax gain of $20 million to $25 million in the second quarter. In loan servicing, a bank collects fees to handle mortgage payments and paperwork on loans. Separately, the Japanese newspaper Nihon Keizai reported that GE Capital would buy the consumer credit card division of the Shin Kyoto Shinpan Company.
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UNITED AIRLINES PLANNING TO REPLACE AGING JETS
Date: 13 April 1995
By Bloomberg News
Bloomberg News
United Airlines said yesterday that it would replace 94 of its oldest aircraft with new planes during the next five years. Analysts said the Boeing Company was likely to be the big beneficiary of the move. Gerald Greenwald, chairman and chief executive of United's parent, the UAL Corporation, told analysts in New York yesterday that the McDonnell Douglas DC-10 was an example of the type of plane that might be replaced. United has not identified which planes will be replaced, but aircraft like the DC-10 could be replaced on some routes with the smaller Boeing 757. The Boeing jet uses less fuel and requires only a two-man crew, instead of the three-man crew needed to operate the DC-10. Shares of UAL rose $3.375, to $112.375, on the New York Stock Exchange, while shares of Boeing gained $2, to $55.875.
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BEVERLY TO SPIN OFF 80% OF PHARMACY UNIT
Date: 14 April 1995
By Bloomberg News
Bloomberg News
Beverly Enterprises Inc. outlined plans yesterday for a spinoff of 80 percent of its pharmacy business and said it would try to sell 13 unprofitable nursing homes. Beverly will sell 20 percent of the pharmacy unit to the public, instead of distributing it to shareholders as announced last week. The company said it expected the spinoff to fetch $350 million to $400 million. Beverly, based in Fort Smith, Ark., is the nation's largest operator of nursing homes. Beverly's share prices gained 50 cents, to $15.375, in trading yesterday on the New York Stock Exchange.
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CLARK COMPLETES SALE OF ITS STAKE IN VME
Date: 14 April 1995
By Bloomberg News
Bloomberg News
The Clark Equipment Company said yesterday that it had completed the sale of its 50 percent stake in VME Group N.V. to the Swedish car maker A. B. Volvo for $573 million. The company, a construction equipment maker based in South Bend, Ind., said it expected to record a gain for the year of about $270 million, or $15.50 a share, from the sale of the stake, with net proceeds of $430 million in cash. VME, which makes wheel-loaders, excavators, haulers and trucks, was established as a joint venture between Clark Equipment and Volvo in 1985. The purchase gives Volvo 100 percent of VME. Clark Equipment recently agreed to be acquired by the Ingersoll-Rand Company for $86 a share, or $1.5 billion. Ingersoll-Rand's stock rose $1.375 yesterday, to $34.375, on the New York Stock Exchange.
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INTERSTATE BAKERIES TO BUY RALSTON PURINA UNIT
Date: 13 April 1995
By Bloomberg News
Bloomberg News
The Interstate Bakeries Corporation said yesterday that it would pay $461 million in cash and stock to acquire the Continental Baking Company, $110 million less than originally announced. Interstate, based in Kansas City, Mo., will pay $220 million in cash, down from the $330 million projected earlier, and will issue 16.9 million common shares to the Ralston Purina Company, the owner of Continental Baking. Ralston Purina, the producer of dry pet food based in St. Louis, said the smaller cash portion reflected weaker operating results at Continental Baking, the country's largest bakery. The definitive agreement also calls for Ralston Purina to own no more than 15 percent of Interstate Bakeries after five years.
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POSSIBLE SALE OF WELLS FARGO NIKKO IS SEEN
Date: 13 April 1995
By Bloomberg News
Bloomberg News
Wells Fargo Nikko Investment Advisers, the nation's largest institutional money manager, said yesterday that it was up for sale. "We're exploring an opportunity for sale," said Frederick Grauer, chief executive of the firm, which oversees $170 billion in assets. Wells Fargo Nikko is a joint venture of Wells Fargo & Company of San Francisco and the Nikko Securities Company. The firm was created five years ago when Nikko paid Wells Fargo $125 million for 50 percent ownership of Wells Fargo Investment Advisers, which had grown by specializing in portfolios designed to imitate the performance of leading stock indexes. Analysts said the firm could be worth about $625 million, or more than four times the company's revenue, which was more than $140 million last year.
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RAYTHEON CO. (RTN,N)
Date: 13 April 1995
By Bloomberg News
Bloomberg News
The Raytheon Company said yesterday that its first-quarter earnings surged, as sales in the commercial division offset lower military-related sales. The company said its net income was $173.9 million, or $1.41 a share, compared with $7 million, or 5 cents a share, in the corresponding period a year ago. The results last year included a charge of $162.3 million, or $1.20 a share, from a revamping of the company's military operations.
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