Il 18 luglio 1995 era una martedì sotto il segno zodiacale del ♋. Era il 198 ° giorno dell'anno. Il presidente degli Stati Uniti era William J. (Bill) Clinton.
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Date: 18 July 1995
By Steven Greenhouse
Steven Greenhouse
The Clinton Administration plans to end a longstanding policy and allow American news organizations to establish news bureaus in Cuba, Administration officials said today. After months of debate, Administration officials said they are finally close to announcing the move, which would also permit Cuban news organizations to establish bureaus in this country.
Date: 19 July 1995
By James Bennet
James Bennet
Reporters and columnists here are imploring their loyal readers not to buy the newspaper, in perhaps the most poignant proof of how bitter and damaging this city's five-day-old newspaper strike has already become. Supervisory editors at The Detroit News and The Detroit Free Press have joined forces in their emptied newsrooms to publish a combined newspaper. But six striking unions, with about 2,500 members who include drivers, pressmen, photographers, reporters and copy editors, are counting on Detroit's deep labor tradition to keep readers and advertisers away.
Date: 19 July 1995
By Alessandra Stanley
Alessandra Stanley
Sounding hoarse but robust, President Boris N. Yeltsin appeared on television from his hospital room here tonight to prove that while he was sick, he was not as sick as the Kremlin had led people to believe by its insistence that he was fine. Mr. Yeltsin was flushed into public view by serious questions about the authenticity of the only photograph released of the President after he was hospitalized on July 11. The picture, distributed by the Itar-Tass news agency last Friday, showed Mr. Yeltsin in an Ellesse tennis shirt seated at a desk next to a table with four telephones. It appeared identical to footage of the Russian President, wearing an Ellesse tennis shirt at a desk next to four telephones, that was filmed when he was on vacation in southern Russia last April. Mr. Yeltsin's press secretary said it was taken at Central Clinical Hospital in Moscow on Friday.
Date: 18 July 1995
By Bloomberg News
Bloomberg News
Bidermann Industries, a New York producer of men's and women's clothing, said yesterday that it had filed a Chapter 11 petition for protection in United States Bankruptcy Court in the Southern District of New York. The Bidermann International S.A. unit, which includes Ralph Lauren Womenswear, Cluett Peabody & Company, Great American Knitting Mills and Bidermann Tailored Clothing, said it was seeking protection to obtain additional financing while it underwent a restructuring. The company also said it had arranged for $75 million financing from a lending group including BankAmerica and Credit Lyonnais.
Date: 18 July 1995
By Bloomberg News
Bloomberg News
The Lear Seating Corporation signed a definitive agreement yesterday to acquire Automotive Industries Holding Inc., a supplier of automotive interiors, for $626 million in cash. The takeover offer has the support of holders of 24 percent of Automotive Industries, including the Onex Corporation, a Toronto investment company that owns nearly 20 percent.
Date: 19 July 1995
By Bloomberg News
Bloomberg News
The stock of Itron Inc. plunged yesterday as the company said its earnings would be below estimates in the second half of 1995, despite increased profits in the second quarter. Shares of Itron, which is based in Spokane, Wash., fell $8.375, to $24.875, on Nasdaq. Itron, a supplier of data collection systems for utilities, said increasing competition led to fewer long-term orders in the automatic meter reading market. Net income in the second quarter rose to $2.57 million, from $1.68 million a year earlier.
Date: 18 July 1995
By Bloomberg News
Bloomberg News
Borders Group Inc. said yesterday that it would buy the Kmart Corporation's 13 percent stake in the company for $72.8 million. The company, which operates the Borders book-and-music superstores and Waldenbooks stores, said it would buy the 5.39 million shares of Borders stock held by its former parent for $13.50 a share. Kmart owned all of Borders before its May 25 public offering. Borders shares fell 25 cents yesterday, to $14.50. Kmart shares rose 50 cents, to $15.50. The news was announced after the close of trading. Borders also said it would take a one-time noncash charge of $182 million in the second quarter to account for a change in accounting for good will.
Date: 18 July 1995
By Bloomberg News
Bloomberg News
United Biscuits Holdings P.L.C., the Scottish food products company, said yesterday that it planned to sell its Keebler cookie and cracker business because of intense price competition and falling profits. United Biscuits said it had already spoken with some potential buyers for Keebler, which is based in Elmhurst, Ill. Keebler is the second-largest United States cookie and cracker company after Nabisco, a subsidiary of RJR Nabisco Inc. Nabisco has a much higher advertising budget than Keebler and has dictated pricing levels.
Date: 19 July 1995
By Bloomberg News
Bloomberg News
Venture Stores Inc. said yesterday that it would cut 950 jobs and eliminate its dividend in a cost-cutting effort. The company, which operates 117 discount stores in the Midwest, said it would close three stores and cut expansion plans. The company said it expected to take a charge of 70 cents a share in the second quarter and an additional charge of 90 cents a share in the second half. Venture, based in O'Fallon, Mo., had a loss in the first quarter and said losses continued in the second quarter, which will end this month.
Date: 18 July 1995
By Bloomberg News
Bloomberg News
The First Data Corporation said yesterday that the Federal Trade Commission had asked for more information about the company's proposed $6.7 billion acquisition of the First Financial Management Corporation. An F.T.C. request for more information generally signals close antitrust scrutiny. The companies said they had expected the so-called second request. Since the proposed merger was announced on June 13, antitrust lawyers have said they expected the F.T.C. to examine the impact on competition for credit-card processing and money wiring. First Data, based in Hackensack, N.J., is the world's largest processor of credit-card transactions for banks. First Financial, based in Atlanta, leads in providing credit-card processing for merchants.