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Date: 11 November 1993
The debate over the North American Free Trade Agreement on CNN was seen in 11.2 million homes, the largest audience for any regularly scheduled program in the history of cable television, according to the A. C. Nielsen rating service. The debate, which was held on CNN's "Larry King Live" received a rating of 11.9 in the nationwide survey, with each rating point representing 942,000 homes. No estimate was available on the number of viewers.
Date: 10 November 1993
By Maureen Dowd
Maureen Dowd
Sometimes there is a political event so transcendentally weird, so Silly Putty, to use one of tonight's Perot-isms, that it almost defies description. Tonight's big Nafta debate on "Larry King Live" on CNN was not exactly Webster and Clay. More like Punch and Judy -- with charts instead of bats.
Date: 10 November 1993
By Keith Bradsher
Keith Bradsher
As has been the case with much of the fight over the North American Free Trade Agreement, the debate tonight between Vice President Al Gore and Ross Perot included some misleading and exaggerated arguments on both sides. Their disagreements ranged from the sweeping (whether the pact would result in massive layoffs across the United States) to the obscure (the pact's rules on certain labels of Tennessee bourbon). But a review of their statements on CNN's "Larry King Live" indicates that Mr. Perot tended to stray a little further from the facts than did Mr. Gore.
Date: 10 November 1993
By David E. Rosenbaum
David Rosenbaum
Vice President Al Gore suggested tonight that Ross Perot opposed the North American Free Trade Agreement to win political and financial advantage for himself. In a sour 90-minute televised debate that turned more on personality than substance, the Vice President observed that Mr. Perot had favored the trade agreement until he began running for President, and that the Perot family had obtained special free-trade privileges for its development near a cargo airport in Fort Worth.
Date: 11 November 1993
By Bloomberg News
Bloomberg News
The B. F. Goodrich Company said yesterday that it would acquire Rosemount Aerospace, a producer of aerospace sensors, from the Emerson Electric Company for $300 million. The transaction would be the largest acquisition in Goodrich's history, surpassing the acquisition of the Cleveland Pneumatic Company, a maker of aircraft landing gear, for $200 million in June, the company said.
Date: 11 November 1993
By Bloomberg News
Bloomberg News
Donald J. Trump has reached a tentative agreement with investors in Trump Taj Mahal Associates to restructure the debt and equity of the Atlantic City casino complex. The transaction will allow Mr. Trump to buy out partnership interests that he does not already own and to pay some personal debt. The restructuring, which must be cleared by Government regulators and the Taj board, would reduce the company's long-term debt to $692 million.
Date: 10 November 1993
By Bloomberg News
Bloomberg News
The New York Stock Exchange halted trading yesterday in the common stock of the American Ship Building Company because the company no longer met the criteria for listing, the exchange said. The value of the company's publicly traded shares fell below the exchange's minimum of $5 million, the stock exchange said. American Ship, whose chairman is George M. Steinbrenner, the owner of the New York Yankees, filed for Chapter 11 bankruptcy protection last Thursday. After the suspension, an application will be filed with the Securities and Exchange Commission to delist American Ship.
Date: 11 November 1993
By Bloomberg News
Bloomberg News
The NCR Corporation and the Wells Fargo Armored Service Corporation said yesterday that they would jointly sell and service automated teller machines nationwide. Under the agreement, NCR will install and maintain the units, while Wells Fargo Armored, based in Atlanta, will replenish cash reservoirs, transfer deposits and repair card and currency jams. NCR, based in Dayton, Ohio, is a unit of the American Telephone and Telegraph Company.
Date: 10 November 1993
By Bloomberg News
Bloomberg News
The First Commercial Corporation signed a definitive agreement yesterday to buy the closely held State First Financial Corporation of Texarkana, Tex., in a stock swap valued at $110 million. The acquisition of State First, which has assets of $713 million, will double First Commercial's presence in the banking market in southwest Arkansas and northeast Texas. Under the agreement, State First's shares will be exchanged for 3.37 million shares of First Commercial. The ratio of the exchange was not disclosed. Shares of First Commercial rose 50 cents, to $32.50, in Nasdaq trading.
Date: 10 November 1993
By Bloomberg News
Bloomberg News
The DNA Plant Technology Corporation, based in Cinaminson, N.J., said yesterday that it would buy the Du Pont Company's half-interest in the companies' Freshworld premium fruit and vegetable venture for a package valued at more than $30 million. Under the agreement, DNA Plant Technology will pay Du Pont about $1.5 million in cash, two million of its common shares, 2,750 shares of nondividend paying preferred stock convertible to 2.75 million shares of common stock, DNA's 28 percent interest in the Intermountain Canola Company and nonexclusive rights to certain DNA technology. DNA Plant Technology applies advanced breeding techniques and genetic engineering to develop improved fresh fruits and vegetables.