10. julij 1996 je bil sreda pod znakom zvezdice ♋. Bil je 191 dan v letu. Predsednik Združenih držav je bil William J. (Bill) Clinton.
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Date: 10 July 1996
By James Brooke
James Brooke
Blunt of speech and flinty of nature, Richard D. Lamm has long prided himself on displaying the hardness of his adopted Rocky Mountains. But as Colorado's former Governor moves onto the national stage, the 60-year-old candidate for the Reform Party's Presidential nomination will have to parry criticism that his hardness is harshness.
Date: 10 July 1996
A woman accused of taking more than $1 million from reporters to house them during the Olympics was jailed on theft charges yesterday after they said she reneged on the deal. Meanwhile, dozens of reporters from at least seven news agencies are in a race to find rooms before the Summer Games start July 19.
Date: 11 July 1996
Bloomberg Business News
Bloomberg News
Rockefeller Center Properties Inc. said yesterday that a group of investors led by Goldman, Sachs & Company and David Rockefeller had completed their $1.2 billion purchase of the company. The company holds the $1.3 billion mortgage on New York landmark Rockefeller Center. Under the terms of the acquisition, the Goldman-Rockefeller group is paying about $8 a share and assuming $870 million in debt. Rockefeller Center is home to the NBC television network's broadcast studios and Radio City Music Hall.
Date: 11 July 1996
Bloomberg Business News
Bloomberg News
The GT Interactive Software Corporation said yesterday that it had acquired Humongous Entertainment Inc., a developer and publisher of children's software based in Woodinville, Wash., for four million shares, or about $76 million. It was GT Interactive's third acquisition in two weeks. Last week, it acquired Formgen, publisher of the Duke Nukem 3D computer game, and the Wizard Works Group. GT Interactive's shares fell 50 cents, to $19, in Nasdaq trading. GT Interactive, based in New York, produces interactive software. Its best-selling titles include Doom II and Mortal Kombat 3.
Date: 10 July 1996
AP
MGM Grand Inc. said yesterday that it had chosen a site for a $700 million "majestic destination resort" it plans to build on Atlantic City's Boardwalk. The company, which disclosed plans to enter Atlantic City two months ago, says it will build on 30 acres next to Showboat Casino Hotel. The number of rooms and the size of the casino have not been decided. MGM, which says it needs 30 acres, must acquire most of the land. MGM has reached agreement with a shopping mall developer, the Forest City Ratner Companies, which controls a 13-acre site next to Showboat, on a plan to include that property in the project.
Date: 11 July 1996
Dow Jones
Dow Jones
Italian Oven's chairman and chief executive, James A. Frye, relinquished his responsibilities but will remain on the board, the company said in a statement yesterday. As reported last month, Mr. Frye, who founded the restaurant chain in 1989 and is its largest shareholder, turned over control to Cornerstone Capital Advisors Ltd., the company's temporary manager. In a cost-cutting effort, Italian Oven also suspended or laid off 10 employees, more than 25 percent of the corporate staff, at its Latrobe, Pa., headquarters. The company also said that Wheat First Butcher Singer Inc. has agreed to help it explore financing options and potential partnerships.
Date: 11 July 1996
Dow Jones
Dow Jones
The Rockwell International Corporation said yesterday that it planned to buy back an additional $500 million of its common stock. The company, based in Seal Beach, Calif., had an average of 217.3 million shares outstanding as of March 31. Rockwell stock dropped 62.5 cents, to $53.125, on the New York Stock Exchange. The company, which makes aerospace and semiconductor products, said that it has spent about $2.6 billion in repurchasing shares in the last 12 years.
Date: 11 July 1996
Bloomberg Business News
Bloomberg News
The industrial conglomerate Allied Signal Inc. said it would meet its 1996 target of $400 million in additional cash even though it had a cash deficit of $200 million in the first half of the year. In a memo to Allied Signal executives, Lawrence Bossidy, the company's chairman and chief executive, said that in order to reach its goal, the company would have to bring in about $650 million in the next six months. Allied Signal makes products for the aerospace, automotive and engineered-materials industries. Shares of Allied Signal fell $1, to $56.75.