Το 28 Μαΐου 1997 ήταν Τετάρτη κάτω από το σύμβολο του αστεριού του ♊. Ήταν η 147 ημέρα του χρόνου. Πρόεδρος των Ηνωμένων Πολιτειών ήταν ο William J. (Bill) Clinton.
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Date: 29 May 1997
By Steve Coz
Steve Coz
Op-Ed article by National Enquirer editor Steve Coz holds Globe broke rules of tabloid journalism by entrapping Frank Gifford into sexual encounter with Suzen Johnson, creating rather than reporting news; drawing (M)
Date: 29 May 1997
By Bloomberg News
Bloomberg News
Commnet Cellular Inc plans to take company private by selling majority stake to Blackstone Group LP fund for $718 million including assumption of $200 million in debt (S)
Date: 28 May 1997
By Bloomberg News
Bloomberg News
In an attempt to bolster its nine-year-old on-line unit, Donaldson, Lufkin & Jenrette Inc. said yesterday that it would offer some of its on-line brokerage customers access to the firm's initial public offerings. The firm said its on-line broker, PC Financial Network (www.pcfn.com), would be renamed DLJ Direct, and that beginning June 20 the unit would reduce commission rates to a flat fee of $20 for each trade. Donaldson, Lufkin also said it would offer a portion of the firm's research on line to investors ''who maintain an appropriate level of assets'' in their on-line accounts.
Date: 28 May 1997
By Bloomberg News
Bloomberg News
US West Media Group said yesterday that it had agreed to sell cable systems in Minnesota to the closely held Charter Communications Inc. of St. Louis and two partners for $600 million. Separately, U S West agreed to sell cable systems in Idaho and Washington to Tele-Communications Inc. for an undisclosed price. U S West is selling the systems in Minnesota and Idaho, which it acquired with Continental Cablevision Inc., to comply with Government regulations barring the company from owning cable networks where U S West Communications, the other division of U S West Inc., provides telephone service. U S West said it was not required to sell the Washington systems.
Date: 29 May 1997
By Bloomberg News
Bloomberg News
Shares of Nike Inc rise 6 percent on speculation that Warren E Buffett, head of Berkshire Hathaway Inc, might be purchasing shares (S)
Date: 28 May 1997
By Bloomberg News
Bloomberg News
Columbia Gas System Inc., a natural-gas pipeline company, agreed yesterday to buy Alamco Inc. for about $83 million in cash and the assumption of about $18 million in debt. The deal, in which Columbia would pay $15.75 for each Alamco share, would enable Columbia to become the largest gas producer in the Appalachian Basin. Alamco, based in Clarksburg, W. Va., operates 1,200 oil and gas wells. Shares of Alamco rose 62.5 cents yesterday, to $15.25, while Columbia Gas shares fell 87.5 cents, to $63.875. Columbia, based in Reston, Va., said its Columbia Natural Resources unit and Alamco together represent 13 percent of the gas produced in the Appalachian Basin.
Date: 28 May 1997
By Bloomberg News
Bloomberg News
Ryder System Inc. agreed yesterday to sell its automobile-transport unit to Allied Holdings Inc. for $114.5 million in cash and the assumption of $60 million of debt. Allied Holdings, a car and truck hauler based in Decatur, Ga., expects its sales to more than double to about $1 billion with the acquisition; it had $392.5 million in sales last year. The unit, Ryder Automotive Carrier Services Inc., is one of North America's largest movers of cars and trucks from auto makers to dealerships. It had revenue of almost $600 million in 1996. Miami-based Ryder had revenue of $5.5 billion last year. It has been selling off units to focus on managing and moving goods for other companies.
Date: 29 May 1997
By Bloomberg News
Bloomberg News
Shareholders of Inland Steel Industries reject shareholder proposal calling for steelmaker to spin off its publicly traded Ryerson Tull Inc subsidiary (S)
Date: 29 May 1997
By Bloomberg News
Bloomberg News
Southern Co and AES Corp join with Brazilian partner to buy $1 billion stake in Brazilian utility Cia Energetica de Minas Gerais as part of plan to expand into Latin American electricity market; Southern and AES buys 33 percent stake for $1.05 billion; Brazilian partner is Opportunity Capital Partners Ltda (S)
Date: 28 May 1997
By Bloomberg News
Bloomberg News
Avon Products Inc. said yesterday that its president and chief operating officer, Edward J. Robinson, would retire June 1 because of disagreements about management succession at the cosmetics company. Avon said Mr. Robinson had decided to step down after the company's board asked the chairman and chief executive, James E. Preston, 64, to remain with the company for at least two more years. Avon, based in New York, said there were no immediate plans to name a successor to Mr. Robinson, whose responsibilities will be assumed by Mr. Preston. Mr. Robinson, 57, joined Avon in 1989 as its chief financial officer. He has held his current position since 1993.