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1st of May 1995 News
Ειδήσεις όπως εμφανίστηκαν στην πρώτη σελίδα των New York Times στο 1 Μαΐου 1995
THE MEDIA BUSINESS: Press; Can journalists and media business executives live in peace on the information superhighway?
Date: 01 May 1995
By William Glaberson
William Glaberson
DID anyone hear the sound of a new little war starting in the news business last week? Welcome to cyberspace, Phase 2, for the country's newspapers. Phase 1 could have been called "get your feet wet" in the new electronic medium. Phase 2, it seemed at the annual newspaper publishers' convention here last week, could well be known as "blame the news professionals for being such stick-in-the-muds about the Brave New World."
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Award to Late Times Columnist
Date: 02 May 1995
Leonard S. Silk, the late editorial writer and columnist for The New York Times, was named winner last night of the G. and R. Loeb Foundation's lifetime achievement award, which honors a journalist for exceptional career achievements in business, financial and economic news. "Leonard Silk was the founding father of economic journalism," said William P. Pierskalla, dean of the John E. Anderson Graduate School of Management at the University of California at Los Angeles, which administers the Loeb awards. "He set a standard for a generation of journalists" in making difficult concepts understandable, he said.
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PACIFIC TELESIS AND PACIFIC BELL RATINGS REVIEWED
Date: 02 May 1995
By Bloomberg News
Bloomberg News
The Standard & Poor's Corporation said that it might cut its ratings outlook on about $5.1 billion of debt at Pacific Telesis Group and its Pacific Bell unit. The rating agency said yesterday that the review followed a decision by the California Public Utilities Commission that accelerates local phone competition in California. Pacific Telesis provides telecommunications services in California. Under the commission's decision, long-distance and cable-television companies can enter California's $4 billion local telephone market and compete against Pacific Bell.
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CIBA-GEIGY AND MYRIAD GENETICS FORM ALLIANCE
Date: 02 May 1995
By Bloomberg News
Bloomberg News
Ciba-Geigy said yesterday that it had formed a five-year alliance with Myriad Genetics Inc., valued at as much as $60 million, to seek new genes with therapeutic capabilities. Under the agreement, Ciba will provide $32 million in research and equity financing and a potential $28 million in milestone payments. The collaboration will combine Myriad's gene-finding capabilities with Ciba's United States pharmaceutical research and development facilities, Ciba said. Myriad discovers and commercializes genes involved in disorders including cardiovascular disease, cancer and obesity.
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GOODYEAR RAISES TIRE PRICES 3 to 8 PERCENT
Date: 02 May 1995
By Bloomberg News
Bloomberg News
The Goodyear Tire and Rubber Company said yesterday that it would raise prices on replacement tires 3 percent to 8 percent because of the rising costs of raw materials. Goodyear, based in Akron, Ohio, said passenger and light-truck tire prices would go up 3 percent. Prices on tires for commercial, truck, farm and industrial uses would rise 3 percent to 5 percent. And off-road vehicle tires would increase 5.5 percent to 8 percent. The increases are effective June 1.
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BREAST IMPLANT MAKERS DISCUSS ADDING TO CLAIMS FUND
Date: 02 May 1995
By Bloomberg News
Bloomberg News
Silicone breast implant manufacturers have begun talks to increase a $4.2 billion fund to pay women reporting injuries from the devices after the judge said the current fund might be too small. The Bristol-Myers Squibb Company, Baxter International Inc., the Dow Corning Corporation and the Minnesota Mining and Manufacturing Company are the largest contributors to the so-called global settlement, which is intended to end hundreds of thousands of potential lawsuits against implant manufacturers. Critics had said before that the fund was too small to pay the promised benefits of $105,000 to $1.4 million to each claimant. United States District Judge Samuel Pointer said yesterday that the fund might be too small to settle all the claims. He urged manufacturers to begin negotiations to increase the size of the fund.
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At Chrysler, Lee Who?
Date: 02 May 1995
By Bloomberg News
Bloomberg News
The Chrysler Corporation may scrap plans to name its new administration building after Lee A. Iacocca, its former chairman, because of his support of Kirk Kerkorian's hostile $20.51 billion takeover bid for the company. "We have made no decision yet, but the board is likely to revisit that issue within the next few months," a Chrysler spokesman, Steve Harris, said in confirming a report today in The Automotive News.
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International Briefs; Micro Warehouse Deal
Date: 02 May 1995
By Bloomberg News
Bloomberg News
Micro Warehouse Inc. said today that it had acquired Technomatic Ltd., a catalogue retailer of personal computer products in Britain. The terms of the purchase were not disclosed. Micro Warehouse, based here, is a direct marketer of software and hardware products for PC's that are compatible with those made by Apple Computer Inc. and I.B.M.
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Telecommunication Deals
Date: 01 May 1995
By Bloomberg News
Bloomberg News
American Management Systems said today that it had signed contracts valued at more than $125 million with telecommunications companies, including units of the BellSouth Corporation and Pacific Telesis Group. Terms of the contracts were not disclosed. A.M.S., which is based here, said it would provide consulting services and develop customer-care, risk-management and billing systems for the companies. A.M.S. provides business and information technology consulting and software. The company said it had $460 million in revenue in 1994.
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International Briefs; Unilever Is Acquiring British Food Operation
Date: 02 May 1995
By Bloomberg News
Bloomberg News
Reckitt & Colman of Britain said yesterday that it had agreed to sell its Colman's of Norwich food operation and Robinsons soft-drinks unit to Unilever P.L.C. Unilever, the British-Dutch consumer products giant, will pay $:250 million, or $403 million, for the two units, then immediately sell Robinsons to Bass P.L.C. of Britain for $:103 million.
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