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5th of July 1995 News
Ειδήσεις όπως εμφανίστηκαν στην πρώτη σελίδα των New York Times στο 5 Ιουλίου 1995
Russian Press Free, Free to Go Broke
Date: 06 July 1995
By Steven Erlanger
Steven Erlanger
The arc of Vitaly Tretyakov's career sparked high in the electric days of perestroika and the new press freedoms that followed the demise of the Soviet Union. But in the marketplace of a new Russia that is more interested in commerce than in big ideas, that is turning away from liberal democratic notions back toward corrupt bureaucratic management, Mr. Tretyakov and his newspaper, Nezavisimaya Gazeta -- which was once as important to the intellectual and political elite as harsh cigarettes and thick black coffee -- have had a mighty tumble.
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The Ground Glass of Reality
Date: 05 July 1995
By Fred Graham
Fred Graham
One of the best-kept secrets in America is that the O.J. Simpson trial is no longer a disaster. Another is that television coverage has helped set things right. Judge Lance A. Ito must feel like the Dan Quayle of the trial bench, condemned by an early negative impression. Even though Judge Ito has brought the fiasco under control, almost no one has noticed.
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SYMANTEC IS EXPECTED TO MAKE AN OFFER FOR DELRINA
Date: 06 July 1995
By Bloomberg News
Bloomberg News
The Symantec Corporation, a software company based in Cupertino, Calif., is expected to make a stock offer for the Delrina Corporation of Toronto today for as much as $1.06 billion (Canadian), or $774 million (United States), analysts said yesterday. Symantec would pay $40 to $44 (Canadian) a share for Delrina, which is known for its Winfax program, the analysts said. Trading in Delrina's stock, which was unusually heavy yesterday, was halted after rising $2.375, to $21.25, on the Toronto Stock Exchange. Symantec officials refused to comment. Delrina said it was in merger negotiations and expected to announce a definitive transaction shortly. Analysts said they had received separate notices from the two companies about conference calls to be held today. Both companies provided analysts with the same telephone number.
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CREDIT LYONNAIS AND BANKERS TRUST FORM ALLIANCE
Date: 06 July 1995
By Bloomberg News
Bloomberg News
Credit Lyonnais and Bankers Trust said yesterday that they were forming an alliance for their global custody businesses for French and international securities. Global custody involves providing back-office support for processing transactions and valuing the investments of large investors. Credit Lyonnais said it looked after assets of about 360 billion francs ($75 billion) for its customers. Bankers Trust is among the top 10 banks in the world involved in global custody, dealing with about $1.4 trillion of customers' assets.
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British Stocks and Bonds Gain as Major Retains His Leadership
Date: 05 July 1995
By Bloomberg News
Bloomberg News
British stocks and bonds rose yesterday ahead of a key vote on Prime Minister John Major's continued leadership of the governing Conservative Party, and the pound advanced following news of his victory. Financial markets in the United States were closed for the Fourth of July holiday. Elsewhere, European and Asian markets were generally higher. Germany's main stock index rose 1 percent, led by utilities and chemicals, amid hopes that a slowing American economy would hasten cuts in global interest rates.
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America Online's Growth
Date: 06 July 1995
By Bloomberg News
Bloomberg News
America Online Inc., the on-line services company, said today that it now had more than three million subscribers. Its subscribers have grown from 300,000 two years ago, the company said. In May, the company had 2.5 million subscribers. Shares of the company, based here, rose $2.25, to $46.50, in Nasdaq trading today.
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Russian Buses by Mercedes
Date: 05 July 1995
By Bloomberg News
Bloomberg News
Mercedes-Benz A.G. said today that it had signed an agreement with Avtrokon of Russia to make transit buses for Russian cities. The two companies have built about 200 buses together since 1992. The new agreement represents a significant expansion, Mercedes-Benz, a unit of Daimler-Benz A.G., said. The terms were not disclosed. Under the agreement, a Mercedes-Benz unit and Avtrokon will make about 1,500 transit and excursion buses a year.
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Canadian Executives Quit
Date: 05 July 1995
By Bloomberg News
Bloomberg News
STN Inc. said today that several of its officers had resigned, four days after Bell Canada gave notice of its intention to end a long-distance telephone service contract. STN, a Canadian long-distance carrier with 220,000 customers, did not say why the executives quit, and company officials could not be reached for comment. Those who resigned included Andreino Sartor, its chairman and chief executive; Robert C. Watson, the president, and Stephen E. Stapleton, the chief financial officer. STN uses Bell Canada's phone lines.
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Warburg Seeks Buyer for Unit
Date: 06 July 1995
By Bloomberg News
Bloomberg News
S B C Warburg, the company created when the Swiss Bank Corporation recently took over S. G. Warburg Group P.L.C., is trying to sell Warburg's United States government bond unit, a company official said. The most likely buyers are banks seeking to increase their securities businesses, the Warburg executive said.
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New Suit Against Shell
Date: 05 July 1995
By Bloomberg News
Bloomberg News
An Alabama judge has certified a class-action suit against the Shell Chemical Company and Hoechst Celanese Corporation, a unit of Hoechst A.G., involving claims over leaky plastic pipes installed in thousands of mobile homes and other housing. Judge Eddie Hardaway of the Alabama District Court in Eutaw, certified the class action on Friday. Shell, Hoechst and E. I. du Pont de Nemours had reached a $750 million settlement in an earlier class action, but that accord was thrown out by a Texas state judge in February. In May, Du Pont said it would pay $120 million to settle claims. A spokeswoman for Shell declined to comment yesterday.
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