Το 22 Ιουνίου 1993 ήταν Τρίτη κάτω από το σύμβολο του αστεριού του ♋. Ήταν η 172 ημέρα του χρόνου. Πρόεδρος των Ηνωμένων Πολιτειών ήταν ο William J. (Bill) Clinton.
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22nd of June 1993 News
Ειδήσεις όπως εμφανίστηκαν στην πρώτη σελίδα των New York Times στο 22 Ιουνίου 1993
Times Co. to Buy Its Shares, Spending Up to $100 Million
Date: 22 June 1993
By Allen R. Myerson
Allen Myerson
The New York Times Company, its stock price sinking since it agreed to buy The Boston Globe, said yesterday that it would spend as much as $100 million to repurchase its shares. Executives of the Times Company said the stock had fallen to a level that made a buyback an attractive investment. "We believe that the company's current stock price does not reflect the underlying value of the company's assets or of its earnings," Lance R. Primis, the company's president, said in a statement.
Full Article
The Senate's Power Grab
Date: 23 June 1993
By Robert H. Bork
Robert Bork
In next month's Supreme Court confirmation hearings, the Senate Judiciary Committee will undoubtedly ask Ruth Bader Ginsburg detailed questions about her legal opinions on many divisive political issues. This is a relatively new practice for the committee. For most of U.S. history, the nominee did not even appear before the committee: It was considered beneath the dignity of the office of a Justice. (As the Clarence Thomas hearings showed, that belief has some merit.) Even when the practice began in the 1930's, the questioning was usually perfunctory or nonexistent. In 1962, Byron R. White was asked only about a dozen questions. William O. Douglas waited outside the hearing room and was finally dismissed without being asked anything in 1939.
Full Article
NOVACARE AGREES TO ACQUIRE HOSPITAL COMPANY
Date: 23 June 1993
By Bloomberg News
Bloomberg News
Novacare Inc. said yesterday that it had signed an agreement to acquire the Rehabilitation Hospital Corporation of America, a closely held company. Terms were not disclosed.
Full Article
U.S. DISTRIBUTOR FOR L'OREAL ACQUIRES REDKEN
Date: 23 June 1993
By Bloomberg News
Bloomberg News
L'Oreal S.A., the world's largest cosmetics group, said its United States distributor, Cosmair Inc., had acquired Redken Laboratories Inc. for an undisclosed sum. Cosmair has exclusive United States distribution and production rights to L'Oreal products, including Lancome and Helena Rubinstein beauty creams. It had 1992 sales of $1.2 billion.
Full Article
KEYCORP OFFERS TO ACQUIRE EVERGREEN BANCORP
Date: 23 June 1993
By Bloomberg News
Bloomberg News
Keycorp said yesterday that it had offered to acquire Evergreen Bancorp of Glens Falls, N.Y., in a stock swap. Evergreen, which has 24 offices and a market capitalization of about $75 million, said last month that it had been contacted by potential acquirers. Shares of Evergreen jumped $2 yesterday, or 14.5 percent, to $15.75, in Nasdaq trading after touching $17.50 earlier in the day. Keycorp stock slipped 37.5 cents, to $39.875, on the New York Stock Exchange. Keycorp, based in Albany, would not specify the amount of its offer but said it would expire on June 30.
Full Article
PARKER & PARSLEY EXTENDS OFFER FOR PARTNERSHIPS
Date: 23 June 1993
By Bloomberg News
Bloomberg News
The Parker & Parsley Petroleum Company said yesterday that it had extended its offer for Prudential Securities' energy partnerships until July 2. The offer had been due to expire at midnight Monday. The oil company, based in Midland, Tex., said it had received tenders for 85 percent of the $250 million minimum required for the offer to succeed.
Full Article
SUN UNIT TO SELL OFFICE BUILDINGS FOR $200 MILLION
Date: 22 June 1993
By Bloomberg News
Bloomberg News
The Sun Company said yesterday that its Radnor Corporation unit had reached an agreement to sell seven of its office building complexes to Atlantic American Properties Inc. for more than $200 million in cash. The sale would be the latest step in the Sun plan to sell the real estate holdings of Radnor. With the sale, Radnor will have sold $450 million of its real estate assets since the strategy was implemented in October 1991. The properties are made up of seven complexes consisting of 16 office buildings containing a total of 2.2 million square feet of space. Three of the properties are in Pennsylvania; two are in North Carolina; one is in Atlanta, and one is in Tempe, Ariz.
Full Article
HORN & HARDART SEEKS APPROVAL TO CHANGE ITS NAME
Date: 22 June 1993
By Bloomberg News
Bloomberg News
The Horn & Hardart Company, whose name became familiar as the owner of the Automat, a New York dining institution, is seeking shareholder approval to change its name to Hanover Direct Inc. The name change, which would mark the final step in a two-year restructuring, would be accomplished by merging Horn & Hardart and its unit, the Hanover Companies. The company, with more than 14 catalogs in four areas, is the sixth-largest direct retailing company in the United States. The last Automat, where food items were displayed behind coin-operated doors, closed in 1991.
Full Article
HALSEY DRUG TO PAY $2.5 MILLION FINE IN ADDITIVE CASE
Date: 22 June 1993
By Bloomberg News
Bloomberg News
The Halsey Drug Company, whose drug manufacturing procedures have been under investigation, said yesterday that it had reached an agreement with the Justice Department to pay a fine of $2.5 million within the next five years. In the agreement, Halsey pleaded guilty to five counts of adding an inert ingredient to one of its drugs. Jay Marcus, the president and chief executive of the Brooklyn-based maker of generic drugs and vitamins, also agreed to resign. Rosendo Ferran, the company's senior executive vice president and chief financial officer, was named to succeed him.
Full Article
MARTIN MARIETTA TO IDLE 95 WORKERS IN NEW YORK STATE
Date: 23 June 1993
By Bloomberg News
Bloomberg News
The Martin Marietta Corporation said yesterday that it would lay off about 95 employees at plants in Syracuse and Utica, N.Y., that produce radar and sensor equipment. In Syracuse, the company will lay off 25 people, primarily because of the loss of a United States Navy contract last year for an antisubmarine warfare sonar system. The plant now employs about 3,100 workers.
Full Article