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29th of March 1995 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 29. marec 1995
Argentine President Discourages New Revelations on 'Dirty War'
Date: 30 March 1995
By Calvin Sims
Calvin Sims
In a radio interview President, Carlos Saul Menem has called on former military torturers and murderers to confess to priests and not to "rub salt in old wounds" by publicly recounting their deeds. "Publicly coming forward to give testimony is a way of returning to a horrible past that we are trying to forget," he said. Mr. Menem, who is running for re-election in May, accused "some of the media" of playing up recent revelations by a former navy captain, Adolfo Scilingo, who said the military disposed of hundreds of political prisoners by throwing them, alive but unconscious, into the ocean from aircraft.
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G.O.P. Mobilizes for Contract Deadline
Date: 30 March 1995
By Robin Toner
Robin Toner
As the first 100 days of their revolution draw to a close, House Republicans are busily planning how to package their accomplishments for the voters. As a result, coming soon to a media outlet near you: One Hundred Days. A story of promises made and promises kept. Of hard work and real change. Of a Contract With America, and the men and women who delivered on it. It is all part of an elaborate communications strategy to allay an abiding Republican fear: that a disengaged public has yet to get the message of how much was accomplished in the past three months. House Republicans say they are proud of their output, frustrated at their failure so far to get their story across in the news media, but are determined to try, in the next few weeks, to get the full historic credit that they believe they are due.
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HOST MARRIOTT CONSIDERING SPINOFF OF CONCESSIONS UNIT
Date: 30 March 1995
By Bloomberg News
Bloomberg News
The Host Marriott Corporation said yesterday that it was considering a spinoff of its food concession division. Host Marriott, based in Bethesda, Md., the owner of hotels and food and merchandise concessions, expects the stock market may value the businesses more as separate entities, Stephen Bollenbach, president and chief executive, said on Tuesday. A spinoff would also make the businesses easier to understand for potential investors, he said. The concessions business operates food and merchandise concessions, including franchised Pizza Hut, Sbarro's and Taco Bell restaurants along toll roads, at airports and at tourist attractions.
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RAYTEL BEGINS TALKS TO ACQUIRE MEDICAL DIAGNOSTICS
Date: 29 March 1995
By Bloomberg News
Bloomberg News
The Raytel Medical Corporation said yesterday that it had entered into talks to acquire Medical Diagnostics Inc. Medical Diagnostics said the talks with Raytel and certain other parties were aimed at finding an alternative to an existing $5-a-share tender offer made by Raytel. Raytel last extended its $20 million offer for Medical Diagnostics on March 7, the fifth time it extended its hostile bid. Raytel's cash tender offer of $5 a share is scheduled to expire tomorrow. Shares of Medical Diagnostics were up 50 cents yesterday, at $4.875, in Nasdaq trading. Medical Diagnostics, based in Burlington, Mass., provides mobile Magnetic Resonance Imaging services in New England and New York. Privately held Raytel is based in San Mateo, Calif.
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COCA-COLA TO ACQUIRE BARQ'S, A ROOT BEER MAKER
Date: 30 March 1995
By Bloomberg News
Bloomberg News
In a move to enter the fast-growing root beer market, The Coca-Cola Company signed a preliminary agreement yesterday to acquire Barq's Inc., the nation's eighth-largest beverage company. Coca-Cola, based in Atlanta, is the world's largest soft-drink maker. It did not disclose terms of the acquisition, which would be the company's first purchase of a United States beverage maker since it acquired Minute Maid 35 years ago.
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JAMES RIVER HOLDERS TO GET COMMUNICATIONS PAPER UNIT
Date: 30 March 1995
By Bloomberg News
Bloomberg News
The James River Corporation of Virginia, based in Richmond, said yesterday that it planned to spin off its communications papers business to shareholders as part of its strategy to reduce debt and focus on its consumer products business. The move would create a company with more than $1 billion in annual sales that makes paper for publishing, business, advertising and corporate communications uses, as well as specialty packaging products.
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CLARK EQUIPMENT SHARES UP 53% ON TAKEOVER THREAT
Date: 30 March 1995
By Bloomberg News
Bloomberg News
Shares of the Clark Equipment Company rose 53 percent yesterday in the wake of the Ingersoll-Rand Company's threat to undertake a $1.34 billion hostile takeover of the construction-machinery maker. Ingersoll-Rand, based in Woodcliff Lake, N.J., a maker of construction equipment, said it still hoped for a friendly union with Clark, whose board on Monday rejected as inadequate a cash offer of $75 to $77 a share. Under Securities and Exchange Commission rules, Ingersoll-Rand has until April 6 to nominate directors to be voted on at Clark's annual meeting on May 9. Shares of Clark, based in South Bend, Ind., rose yesterday $28.125, to $81.25, on volume of almost 2.7 million shares. Ingersoll-Rand stock closed unchanged at $32.125.
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QUAKER OATS TO CUT JOBS AS FOOD UNITS MERGE
Date: 29 March 1995
By Bloomberg News
Bloomberg News
The Quaker Oats Company said yesterday that it would slash 600 jobs, or 3.2 percent of its work force, as it merges its cereals, snacks and convenience food divisions into a single United States food unit. The cuts will be paid for with part of a $75 million to $90 million charge announced on March 8. At the time, Quaker, of Chicago, said the restructuring would generate annual savings comparable to the amount of the charge. Shares in Quaker Oats closed yesterday at $34, unchanged, on the New York Stock Exchange. William D. Smithburg, its chairman and chief executive, said the company would eliminate jobs in its corporate, shared services and strategic business units beginning next month.
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Marcus Cable Pursues Cencom
Date: 30 March 1995
By Bloomberg News
Bloomberg News
The Marcus Cable Company is in talks with certain limited partners of Cencom of Alabama L.P. to acquire the interest in Cencom that Marcus does not already own. Marcus Cable's unit called Marcus Cable of Alabama Inc. is general partner of Cencom, a cable television system serving about 83,000 customers in the Birmingham area.
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Expansion at Bell Atlantic
Date: 29 March 1995
By Bloomberg News
Bloomberg News
The Bell Atlantic Corporation said today that it would expand its computer systems integration division beyond its mid-Atlantic base to seven more cities. Bell Atlantic already has 14 offices stretching from New Jersey to Virginia. It said the expansion would contribute $50 million in new revenue in 1995. The cities being added are New York, Chicago, Atlanta, Boston, Dallas, San Francisco and Los Angeles. The move, announced at the Networld Interop 1995 conference in Las Vegas, bolsters the company's stake in the $12.5 billion systems integration industry.
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