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19th of October 1994 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 19. oktober 1994
News Corp. Expecting $1 Billion
Date: 19 October 1994
By Bloomberg News
Bloomberg News
The News Corporation, the global media giant, expects to receive about $1 billion from the partial public sale of BSkyB, a calculation that would value the satellite broadcasting operation at about $8 billion, Rupert Murdoch, the company chairman, told the annual shareholders' meeting today. "Those are very rough figures," he said. The News Corporation is part of an international consortium that owns BSkyB. The consortium's sale of 20 percent of the company could occur within weeks, "certainly by January at the latest," Mr. Murdoch said.
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Judge Seeks Delay of TV Interviews on Simpson Book
Date: 20 October 1994
By Kenneth B. Noble
Kenneth
Judge Lance A. Ito, struggling to control intensive publicity about the O. J. Simpson murder case, asked three television broadcasters to delay interviews with the author of a new book about Nicole Brown Simpson. He also indicated that he planned to sequester the jury for at least part of the trial. Responding to Judge Ito's request, CBS News and Maury Povich, the host of a syndicated talk program, said they would exercise their First Amendment free speech rights and broadcast the interviews. A third network, CNN, said in a statement that "in light of the court's fair concerns" it would delay broadcasting an interview between Larry King and the author of the book, Faye D. Resnick, a close friend of Mrs. Simpson
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Village Voice Owner's Deal
Date: 20 October 1994
Leonard N. Stern, the owner of The Village Voice in New York, has reached an agreement to buy L.A. Weekly, the large alternative newspaper in Los Angeles. The price was undisclosed. Mr. Stern said he had been trying to buy L.A. Weekly for several years because he saw potential for efficencies in owning youth-oriented publications on both coasts. He also said he was interested in buying other alternative newspapers in other cities.
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TIDEWATER ACQUIRING A HALLIBURTON UNIT
Date: 19 October 1994
By Bloomberg News
Bloomberg News
Tidewater Inc. agreed yesterday to buy the natural gas compression assets of the Halliburton Company for $205 million cash, more than doubling the size of its compression business. Tidewater, of New Orleans, owns and operates the world's largest fleet of vessels serving the offshore energy industry. After buying the Halliburton unit, it will own and operate the biggest fleet of natural gas and air compressors in the United States. Compressors move natural gas through pipelines.
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PHILADELPHIA INVESTMENT FIRM BUYS COMPUADD
Date: 19 October 1994
By Bloomberg News
Bloomberg News
The Compuadd Computer Corporation was acquired yesterday by Dimeling, Schreiber & Park, a closely held Philadelphia investment partnership. Compuadd Computer said the acquisition involved a "significant infusion of working capital," though it did not elaborate. The company, a maker of personal computers and retail inventory equipment, will remain in Austin, Tex. Under the agreement, a new lender will pay off the company's bank debt and provide a new credit line of up to $16 million. Compuadd filed for Chapter 11 bankruptcy protection in June 1993, and emerged late last year.
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GENERAL MOTORS UNIT IN VIETNAM PHONE DEAL
Date: 19 October 1994
By Bloomberg News
Bloomberg News
The GM Hughes Electronics unit of General Motors signed a $120 million contract yesterday to supply telecommunications equipment in Vietnam. Hughes plans to supply 120,000 digital phone lines in Ho Chi Minh City by the end of 1995. Its "fixed wireless access" technology is a digital system that technically resembles a mobile cellular system. Instead of servicing portable phones or terminals, services are provided to fixed installations. Vietnam, a nation of 72 million people, had 346,934 phones in July.
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MICRON TECHNOLOGY PLANS TO BUILD NEW PLANT
Date: 19 October 1994
By Bloomberg News
Bloomberg News
Micron Technology Inc. said yesterday that it would spend $1.3 billion to build a 200-acre manufacturing complex, possibly in Boise, Idaho, where the maker of computer semiconductors is based. Construction of the plant, which eventually is to employ 3,500 people, is expected to begin within six months. It could take three to four years before the plant reaches full production and employment, the company said. The expansion would be the largest ever for Micron and would double its semiconductor manufacturing capacity in dollar terms, a company spokesman said.
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SCOTT PAPER UNIT TO EXPAND MEXICAN PLANTS
Date: 19 October 1994
By Bloomberg News
Bloomberg News
The Scott Paper Company of Philadelphia said yesterday that its board had approved plans by its Mexican affiliate to spend $148 million to expand two plants in Mexico. The plan will be financed by the affiliate, Compania Industrial de San Cristobal S.A., which is half-owned by Scott Paper. Scott, which said in August it would slash 10,500 jobs worldwide by the end of this year, said its Mexican operations would not replace jobs in the United States. Products from the plants are intended to be sold in Mexico, not the United States.
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TEXAS INSTRUMENTS OFFERS JAPAN STAFF RETIREMENT
Date: 19 October 1994
By Bloomberg News
Bloomberg News
Texas Instruments Inc. is offering early retirement to workers at its Japanese chip-making factories as part of a plan to cut costs. The Dallas-based electronics company notified workers at its Miho and Hiji plants of the program several weeks ago, a spokesman, Buddy Price, said. The company expects to report an undetermined charge in the fourth quarter for costs associated with the program, according to filings yesterday with the Securities and Exchange Commission. Mr. Price said the company did not know how many of its 5,000 employees in Japan would accept the offer. In most cases, Texas Instruments expects to replace the workers with automated manufacturing processes.
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ADVANCED MICRO DEVICES TO MAKE PENTIUM-CLASS CHIP
Date: 19 October 1994
By Bloomberg News
Bloomberg News
Advanced Micro Devices Inc. said yesterday that it expected to begin volume production of its new Pentium-class chip by mid-1995, code-named the K5, in an effort to alleviate the impact of aggressive price cuts on older chips. Advanced Micro Devices, which makes clones of the Intel Corporation's 486 microprocessor, said its new chip was twice as fast as Intel's Pentium chip and would be compatible with all Windows software made by the Microsoft Corporation. Shares in the Sunnyvale, Calif., company fell 25 cents, to $23.375, yesterday on the New York Stock Exchange.
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