El 18 d’octubre de 1993 era un dilluns sota el signe estrella de ♎. Era el 290 dia de l'any. El president dels Estats Units era William J. (Bill) Clinton.
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18th of October 1993 News
Notícies tal com van aparèixer a la portada del New York Times el 18 d’octubre de 1993
CHIPCOM WILL ACQUIRE ARTEL IN A STOCK SWAP
Date: 19 October 1993
By Bloomberg News
Bloomberg News
The Chipcom Corporation agreed yesterday to buy the Artel Communications Corporation of Hudson, Mass., in a stock swap valued at about $45.9 million. Chipcom, based in Southborough, Mass., will issue 674,000 new shares for all of Artel's shares and keep in reserve an additional 226,000 shares to cover warrants and options. Chipcom has 9.7 million shares outstanding, said Robert P. Badavas, vice president of finance and chief financial officer. Based on a Chipcom stock price of about $51 a share, the acquisition is valued at more than $45 million. Shares of Chipcom fell $2.25, to $50.50, in Nasdaq trading while Artel's stock dropped $1.0625, to $3.0625.
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WELLPOINT TO BUY UNICARE FINANCIAL FOR $154 MILLION
Date: 19 October 1993
By Bloomberg News
Bloomberg News
Wellpoint Health Networks said yesterday that it would acquire the Unicare Financial Corporation for $29 a share in cash, or about $154 million. Wellpoint, based in Woodland Hills, Calif., is the largest for-profit managed care company in California, with 2.3 million members. Unicare, based in Irvine, Calif., underwrites workers' compensation insurance through its Unicare Insurance Company unit. Shares of Unicare soared $7.875, to $27.625, on the New York Stock Exchange, where the gain of almost 40 percent was the biggest of the day. Wellpoint's stock slipped 25 cents, to $26.50.
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BECKMAN INSTRUMENTS TO CUT 11% OF ITS WORK FORCE
Date: 19 October 1993
By Bloomberg News
Bloomberg News
Beckman Instruments Inc., based in Fullerton, Calif., disclosed a reorganization plan yesterday that calls for cutting about 11 percent of its work force. Under the plan, for which Beckman said it would take a significant but unspecified charge in the fourth quarter, the company will cut about 750 jobs. Beckman will also combine its two operating units into one and reorganize its management team, the company said. The company's stock slipped 50 cents yesterday, to $26.25, on the New York Stock Exchange.
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TANDY IS SELLING MAGNETIC TAPE DIVISION FOR $65 MILLION
Date: 19 October 1993
By Bloomberg News
Bloomberg News
Continuing to divest itself of its manufacturing operations, the Tandy Corporation said yesterday that it would sell its magnetic tape division for about $65 million. The electronics retailer declined to disclose the buyer for its Memtek Products unit, best known for making Memorex audio tape and videotape.
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THE MEDIA BUSINESS: Television; When news producers become part of the news, there's bound to be tension at the network.
Date: 18 October 1993
By Elizabeth Kolbert
Elizabeth Kolbert
NEWS producers rarely make news, and when they do, it's not necessarily good news. Thus, it was surprising -- and for them, probably dismaying -- when the top producers of the NBC and ABC nightly newscasts became caught up in news stories last week. At NBC, the executive producer of "Nightly News," Jeff Gralnick, made headlines by referring to the Somali faction leader, Gen. Mohammed Farah Aidid, as an "educated jungle bunny."
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One More Shortage in Haiti: News
Date: 19 October 1993
By Garry Pierre-Pierre
Garry Pierre-Pierre
Minutes after a United States warship was spotted a few miles offshore on Sunday, the quiet streets of this capital city suddenly came alive as people scurried to get some news. Radio stations did not interrupt their musical programs to give a special report. Newspapers did not run any special editions the next day. The only radio station broadcasting news on Sunday, Radio Tropic, simply told its listeners that two United States ships were visible at sea.
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NEWS SUMMARY
Date: 19 October 1993
International A3-18 CLINTON RESISTS RESTRICTIONS President Clinton vowed to oppose efforts by members of Congress to restrict the use of troops in global hot spots, and he tightened the squeeze on Haitian officials trying to block the President's return. A1 HOLDING PATTERN IN HAITI In Haiti's capital, businesses were closed, streets were empty and military leaders showed no sign of preparing to step down as the blockade by the United Nations and the United States took effect. A18
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Kraft China Venture
Date: 18 October 1993
By Bloomberg News
Bloomberg News
Kraft General Foods said today that it would start a joint-venture dairy plant here. The $42 million venture with the Beijing General Corporation for Agriculture, Industry and Commerce will produce yogurt, cheese, ice cream, pasteurized milk, milk powder and butter, the company said.
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Savings Bond Sales Dive
Date: 18 October 1993
By Bloomberg News
Bloomberg News
United States savings bond sales plummeted 63 percent in September, to $746 million, from $2.02 billion a year earlier. "Savings bond sales were unusually high in late 1991 and 1992 in response to the decline in market yields below the 6 percent guaranteed rate then in effect," the Treasury Department said last week. The current market-based rate on bonds held five years or longer is 4.78 percent. It is to be adjusted on Nov. 1.
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A Bank's Prime-Rate Cut Spurs Another Gain by Gold
Date: 19 October 1993
By Bloomberg News
Bloomberg News
The price of gold rose yesterday to the highest level since the beginning of September, after Morgan Guaranty Trust Company lowered its prime lending rate, a move that could help increase the demand for gold. Morgan Guaranty, the nation's fourth-largest bank, cut its rate on loans for its most creditworthy customers, its prime rate, to 5.5 percent from 6 percent. Traders said this aided gold prices, as did speculation that German interest rates would be cut in the next few weeks.
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