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30th of November 1994 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 30. november 1994
10 Immigrant Journalists Slain in U.S. Since '81, Report Says
Date: 01 December 1994
By William Glaberson
William Glaberson
Ten immigrant journalists have been killed in the United States because of their reporting since 1981 but only two of the cases have been solved, a committee of American journalists said in a report yesterday. The Committee to Protect Journalists, a nonprofit organization that gets much of its money from large United States news organizations, labeled the killings assassinations and said they were "specifically intended to smother fact finding and silence dissent."
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NBC Is Challenging Fox TV Operations As Foreign-Owned
Date: 30 November 1994
By Bill Carter
Bill Carter
In a direct challenge to the very existence of the Fox television network, NBC will file a petition with the Federal Communications Commission today asserting that the stations that form the heart of Fox are illegally foreign-owned. NBC will ask the commission to rule either that Fox must drastically reduce its level of foreign ownership or that all other American networks may seek unlimited foreign investment.
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I.B.M. Makes Board Changes
Date: 01 December 1994
By Bloomberg News
Bloomberg News
I.B.M. said this week that its vice chairman, Paul J. Rizzo, would retire from the board on Dec. 31. The International Business Machines Corporation also said it had named Alexander J. Trotman, 61, chairman and chief executive of the Ford Motor Company, and Jerome B. York, 56, I.B.M.'s chief financial officer, to its board.
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Merck Debt Payment Plan
Date: 30 November 1994
By Bloomberg News
Bloomberg News
Merck & Company expects to complete the repayment this year of short-term debt issued for its $6.6 billion purchase of Medco Containment Services Inc., Merck's chief financial officer, Judy C. L'ewent, said yesterday. Merck, based in Whitehouse Station, N.J., has about $800 million of short-term debt remaining from the purchase last year of Medco, a manager of prescription drug benefits for employers and insurance providers.
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ROCHESTER TELEPHONE TO BUY AMERICAN SHARECOM
Date: 01 December 1994
By Bloomberg News
Bloomberg News
The Rochester Telephone Corporation agreed yesterday to buy American Sharecom Inc. for about $193 million in stock. The company said it would issue 8.7 million shares of common stock to acquire American Sharecom, a closely held long-distance carrier based in Minneapolis with about $125 million in annual sales. Rochester Telephone, which began as the local phone company serving Rochester, is continuing its efforts to become a major national long-distance carrier. On Nov. 8, the company reached a definitive agreement to buy WCT Communications Inc., which has about $102 million in revenue.
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LAYOFFS BEGIN FOR HOFFMANN-LA ROCHE
Date: 30 November 1994
By Bloomberg News
Bloomberg News
Hoffmann-La Roche Inc., the drug and chemical company based in Nutley, N.J., began laying off one-fifth of its workers in the United States this week as part of deep cost-cutting globally by its Swiss parent. Stagnant sales in the first nine months of the year and a $5.3 billion acquisition of the Syntex Corporation prompted the parent, Roche Holdings Ltd., to announce a plan in October to cut 5,000 jobs worldwide. Hoffmann-La Roche will lay off 1,300 of its 6,500 employees in the United States in the next two years. This week's layoff announcements are limited to the headquarters, where the cuts involve less than 1,000 of 5,300 employees.
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FEDERATED'S SHAREHOLDERS APPROVE MACY DEAL
Date: 30 November 1994
By Bloomberg News
Bloomberg News
Shareholders of Federated Department Stores Inc. approved its acquisition of R. H. Macy & Company at a shareholders meeting yesterday. Federated said 98 percent of shares voting approved the takeover, which is expected to be completed in late December or early January. The Macy and Federated boards agreed in July to the merger, with Federated assuming $4.1 billion in Macy debt. Two steps remain before the merger takes effect: approval of Macy's creditors and confirmation of the agreement by United States Bankruptcy Judge Burton Lifland. The confirmation hearing is scheduled for Dec. 8.
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Deal Is Set On American Brands Unit
Date: 01 December 1994
By Bloomberg News
Bloomberg News
American Brands Inc. will sell its insurance unit to the American General Corporation for $1.17 billion, the companies announced today. They disclosed earlier in the week that they were negotiating a sale. American General will buy the Franklin Life Insurance Company of Springfield, Ill., from American Brands. Analysts said American Brands, with assets of $45 billion, could afford both Franklin and Unitrin, a Chicago-based insurance company that is another planned acquisition, as long as the company did not take on too much debt. Unitrin's board has rejected American General's $2.6 billion offer as too low.
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CENTURY COMMUNICATIONS TO BUY FOUR CABLE SYSTEMS
Date: 01 December 1994
By Bloomberg News
Bloomberg News
The Century Communications Corporation said yesterday that it had agreed to buy the four California cable television systems owned by ML Media Partners. Century, based in New Canaan, Conn., declined to disclose the terms of the transaction, although a person familiar with the sale said it reflected a current market value of about $2,000 per subscriber. Since the cable systems have 135,000 customers, the transaction could be worth as much as $270 million. The cable systems are in Anaheim and Hermosa Beach-Manhattan Beach in Southern California, and in Fairfield and Rohnert Park in the San Francisco area.
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APACHE SHARES RISE 11% ON REACTION TO TEXACO DEAL
Date: 01 December 1994
By Bloomberg News
Bloomberg News
Shares of the Apache Corporation rose 11 percent yesterday in heavy volume after analysts praised the company's agreement on Tuesday to pay $600 million for about 300 oil and gas fields owned by Texaco Inc. Apache's stock climbed $2.875, to $28, on volume of almost 1.8 million shares on the New York Stock Exchange. The increase came after analysts at Salomon Brothers, Standard & Poor's and Smith Barney upgraded their ratings on Apache, an independent oil and gas producer based in Houston.
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