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22nd of November 1994 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 22. november 1994
Resisting O.J.-itis
Date: 23 November 1994
By Trip Gabriel
Trip Gabriel
EARLY next year, when the O. J. Simpson trial kicks off in earnest and full-time coverage returns to television, J. W. Johnson vows that the Cottonwood Cafe will be an O. J.-free zone. He will not tune the cafe's television to Court TV, nor will he lend an ear to barflies who wish to dissect the latest about Cato Kaylin or Marcia Clark's skirt lengths. "I just can't take it anymore," said Mr. Johnson, an owner of the cafe, on Bleecker Street in Greenwich Village. "This morning when I was eating breakfast, watching CNN, they came on with jury selection and I flipped it to another channel."
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COMPANY NEWS;
Date: 23 November 1994
By Bloomberg News
Bloomberg News
The Southern New England Telecommunications Corporation, known as SNET, said yesterday that it had agreed to buy certain cellular properties from the Bell Atlantic Corporation and the Nynex Corporation for $450 million in cash. The cellular properties are in Rhode Island, Massachusetts and Connecticut, next to areas where the SNET Mobility wireless unit now provides cellular services. After the purchase, SNET, based in New Haven, will have 192,000 customers.
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DANAHER AGREES TO BUY TWO COMPANIES
Date: 22 November 1994
By Bloomberg News
Bloomberg News
The Danaher Corporation said yesterday that it had agreed to acquire the Armstrong Brothers Tool Company of Chicago and Delta Consolidated Industries of Raleigh, N.C., for an undisclosed amount. The manufacturer of tools and environmental pollution control products said the two businesses had combined annual sales of about $100 million. Armstrong Brothers manufactures industrial hand tools and related products, and Delta Consolidated manufactures truck boxes and other storage containers.
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SAMSUNG IS PLANNING $9.38 BILLION IN INVESTMENTS
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Samsung, South Korea's largest conglomerate, said in Seoul today that it would invest $9.38 billion in building plants for semiconductors, automobiles and other products and in developing new technology next year. The group said the amount represented a 50 percent increase over this year's total investment. A total of $2.69 billion will be spent on building plants for high-memory semiconductors. About $1.69 billion will be invested in plants for home appliances and advanced liquid crystal displays. Samsung also plans to participate in large Government projects to build ports, railroads and roads.
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COOKSON AND JOHNSON MATTHEY ABANDON MERGER TALKS
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Cookson Group P.L.C. and Johnson Matthey P.L.C., the British materials and metals companies, called off merger discussions yesterday, only a week after the talks were announced. The two companies, however, plan to continue their joint venture, Cookson Matthey Ceramics, which began operations earlier this year. A merger would have created a $3.9 billion company.
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NEW STOCK REPURCHASE PLAN IS APPROVED AT MERCK
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Merck & Company, the giant pharmaceutical concern, said yesterday that its directors had approved the repurchase of up to $2 billion of Merck common stock. The approval comes as Merck nears completion of a January 1993 plan to buy back $1 billion of stock. The company said it would buy shares on the open market and through privately negotiated transactions, using the shares for employee benefit plans and other purposes. Merck, based in Whitehouse Station, N.J. has 1.26 billion shares outstanding. They closed down $1.25 yesterday, at $35.75, on the New York Stock Exchange.
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TIME WARNER STARTS CELLULAR PHONE SERVICE
Date: 22 November 1994
By Bloomberg News
Bloomberg News
Time Warner Telecommunications began offering cellular phone service yesterday in Rochester, in the company's first step into the wireless phone market. Time Warner is the dominant cable television provider in the Rochester area, which became the first local phone market in the country to be opened to competition when the Federal Communications Commission approved a plan by Rochester Telephone on Oct. 13. As part of the agreement, Rochester Telephone will reduce or freeze local phone prices for seven years.
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LDDS COMMUNICATIONS GETS APPROVAL TO BUY WILTEL
Date: 22 November 1994
By Bloomberg News
Bloomberg News
The Federal Communications Commission has approved LDDS Communications Inc.'s proposed acquisition of Wiltel Inc. The two companies announced the $2.5 billion transaction in August and are awaiting approval from several state regulators. LDDS is the No. 4 long-distance company in the country. Its acquisition of Wiltel, a unit of the Williams Companies, will create a long-distance company with about $3 billion in revenue that may be better able to challenge the nation's three big carriers: AT&T, MCI and Sprint.
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F.T.C. SEEKS DATA FROM COLUMBIA/HCA AND HEALTHTRUST
Date: 22 November 1994
By Bloomberg News
Bloomberg News
The Columbia/HCA Healthcare Corporation and Healthtrust Inc. said yesterday that the Federal Trade Commission had asked the companies to provide more information before Federal regulators decided whether to approve their $5 billion merger. Under Federal antitrust law, the commission generally has 20 days to reach a decision after the companies comply with a second request for information, though the deadline can be extended by mutual agreement. Columbia/HCA and Healthtrust are the nation's two largest hospital chains.
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VW TO PUT DAYTIME RUNNING LIGHTS ON GOLFS AND JETTAS
Date: 23 November 1994
By Bloomberg News
Bloomberg News
Volkswagen United States Inc., the American unit of Volkswagen A.G., said yesterday that it would equip all Golf and Jetta cars with daytime running lights, making Volkswagen the first German auto maker to offer the safety devices in the United States. The lights are intended to help prevent accidents by making a car more visible to other drivers during daylight hours. The lights automatically go on when the ignition is turned, and stay on at a reduced intensity during daylight hours. The General Motors Corporation has said it expects to equip all its North American-made cars and trucks with daytime running lights by 1997.
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