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19th of April 1993 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 19. april 1993
THE MEDIA BUSINESS: Press Notes
Date: 19 April 1993
By William Glaberson
William Glaberson
FORTY years after the little box became omnipresent in America, newspapers are still worried about "Competing With Television," which is the title of a new report by the Future of Newspapers Committee of the American Society of Newspaper Editors. More or less its message about the medium is, if you can't beat 'em, join 'em. The report urges newspapers to, finally, reflect in their pages the impact of television on newspaper readers.
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RAYTHEON BUYS ASSETS OF MENUMASTER, OVEN MAKER
Date: 20 April 1993
By Bloomberg News
Bloomberg News
The Raytheon Company said yesterday that it had bought the assets of Menumaster Inc. from a subsidiary of Litton Industries. Menumaster, a maker of commercial microwave ovens, will be merged into Amana Refrigeration Inc., a Raytheon subsidiary in Amana, Iowa, the company said. Terms were not disclosed.
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DIME'S SHARES DROP AS STOCK TRADES WITHOUT RIGHTS
Date: 20 April 1993
By Bloomberg News
Bloomberg News
Shares of Dime Savings Bank of New York declined yesterday as its stock traded for the first time separately from the subscription rights that allow holders to purchase additional shares at a below-market price. Dime's shareholders of record as of last Thursday will receive 1.1 rights for each share they own. Each right entitles the holder to buy one common share at $6. Shares of Dime were down $2.50, to $7.50, on the New York Stock Exchange. The rights, which expire on May 5, closed at $1.625 yesterday.
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AMR AND AMERICA WEST END TALKS ON JOINT MARKETING
Date: 20 April 1993
By Bloomberg News
Bloomberg News
America West Airlines Inc. and the AMR Corporation, parent of American Airlines, said yesterday that they had suspended discussions over a joint marketing agreement. The two companies had been exchanging information since February in hopes of reaching an agreement on marketing and contract services provided by AMR to America West, which is operating under Chapter 11 bankruptcy protection. An America West spokesman, Daphne Dicino, called the decision a mutual agreement. A spokesman for AMR declined to comment.
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Ray Ban Boycott Plan
Date: 19 April 1993
By Bloomberg News
Bloomberg News
Animal-rights activists are organizing a boycott of Ray Ban sunglasses, a product of Bausch & Lomb Inc., in an effort to stop the trade in laboratory animals by the company's Charles River unit, The Independent reported today. Charles River sells $100 million of laboratory animals a year to medical companies, research bodies and universities.
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Casino Near Memphis
Date: 20 April 1993
By Bloomberg News
Bloomberg News
Grand Casinos Inc. and the Gaming Corporation of America said today that they had optioned a 1,000-acre site near Memphis on the Mississippi River and plan to open a casino there early next year. The two companies will split the $40 million cost of the site in Tunica County, Miss. They hope to close the sale by Jan. 4, 1994, and start gaming operations in the following six months. Grand Casinos rose $1.25, to $36.50, in Nasdaq trading today; the Gaming Corporation, which also announced management changes, slipped 37.5 cents, to $13.25.
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East Europe TV Dishes
Date: 20 April 1993
By Bloomberg News
Bloomberg News
Three former Soviet republics and Slovenia, which was part of Yugoslavia, will soon be able to tune in European television through the use of satellite dishes sold to them by Scientific-Atlanta Inc. Ukraine, Belarus, Moldova and Slovenia join a growing list of Eastern European nations that are gaining access to the European Broadcasting Union's Eurovision network. Terms of the sales were not disclosed. The dishes would enable the former Communist republics to watch 3,000 hours of sports and cultural programs each year, or 15,000 programs, the Norcross, Ga., company said.
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Bid for Energy Partnerships
Date: 20 April 1993
By Bloomberg News
Bloomberg News
George B. Kaiser, the Tulsa oilman, nearly doubled his bid for 30 of Prudential Securities Inc.'s soured energy partnerships. "We believe that our cash offers are a better alternative for the limited partners than the continuing uncertainties and costs" under Prudential's continued management of the partnership, Mr. Kaiser's company said in a statement.
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Kickback Indictments
Date: 19 April 1993
By Bloomberg News
Bloomberg News
Two former top-ranking officials at the Lockheed Corporation have been indicted for accepting kickbacks for work at the company's Marietta, Ga., aircraft plant, the United States Attorney's office in Atlanta said last week. A six-count indictment, unsealed on Wednesday, states that from 1977 to 1990 Virgil Copeland and Robert Sawyer conspired with other Lockheed executives to solicit more than $80,000 in kickbacks from subcontractors.
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Zapata to Raise $111 Million
Date: 20 April 1993
By Bloomberg News
Bloomberg News
The Zapata Corporation said today that it would raise about $111 million from Norex America Inc., primarily to buy a natural gas compressor company. Zapata, which has been shifting its business from offshore drilling to providing services for natural gas companies, would receive a loan of $82.6 million from Norex under the agreement. Norex would also buy 15 million shares of Zapata common stock and 17.5 million shares of a new convertible preferred issue for a total of about $28.7 million.
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