El 19 de maig de 1994 era un dijous sota el signe estrella de ♉. Era el 138 dia de l'any. El president dels Estats Units era William J. (Bill) Clinton.
Si vas néixer aquest dia, tens 32 anys. El teu darrer aniversari va ser el dimarts, 19 de maig de 2026, fa 30 dies. El teu proper aniversari és el dimecres, 19 de maig de 2027, d'aquí a 334 dies. Heu viscut durant 11.718 dies, o unes 281.254 hores, o uns 16.875.258 minuts, o uns 1.012.515.480 segons.
19th of May 1994 News
Notícies tal com van aparèixer a la portada del New York Times el 19 de maig de 1994
Mellon Bank Expansion
Date: 20 May 1994
By Bloomberg News
Bloomberg News
The Mellon Bank Corporation said today that it had purchased the public finance business of Sheetz, Smith & Company, a Pittsburgh-based investment banking firm, for an undisclosed amount. The public finance business of Sheetz, Smith, which had 1993 revenue of about $4 million, originates, underwrites and distributes municipal securities. It has overseen more than 370 bond issues worth a total of $10 billion since it was formed in 1983. Mellon Bank is the nation's 23d-largest banking company, with $36.6 billion in assets.
Full Article
DEVON SHAREHOLDERS APPROVE ACQUISITION OF ALTA
Date: 19 May 1994
By Bloomberg News
Bloomberg News
The shareholders of the Devon Energy Corporation approved the acquisition of the Alta Energy Corporation of Midland, Tex., for $64.6 million in cash, stock and assumed debt. Alta shareholders of record will receive 35 cents a share in cash and three-tenths of a Devon common share if they own more than 334 shares. Holders of fewer Alta shares will get $7.14 a share in cash. The price includes $39 million in debt that Devon will assume. Devon, based in Oklahoma City, will pay about $1.4 million in cash and issue 1.18 million of its common shares to Alta shareholders.
Full Article
FIRST INTERSTATE TO ACQUIRE SACRAMENTO SAVINGS
Date: 19 May 1994
By Bloomberg News
Bloomberg News
First Interstate Bancorp, based in Los Angeles, said yesterday that it had signed a definitive agreement to acquire Sacramento Savings Bank of California from the Alleghany Corporation, an insurance company, for $331 million. Under terms of the transaction, First Interstate will pay $331 million in cash, or 1.6 times adjusted common book value, for Sacramento Savings. As part of the transaction, Alleghany, based in New York, will purchase about $132 million of the real estate-related assets of Sacramento Savings. In New York Stock Exchange trading, Alleghany's stock jumped $8 a share, to $150, while shares of First Interstate were up 25 cents, at $82.625.
Full Article
UJB FINANCIAL TO BUY PALISADE SAVINGS BANK
Date: 20 May 1994
By Bloomberg News
Bloomberg News
The UJB Financial Corporation, based in Princeton, N.J., said yesterday that it planned to acquire Palisade Savings Bank of Ridgefield Park, N.J., from U.S. Thrift Opportunity Partners for $42.1 million in cash. Palisade Savings would be UJB Financial's second acquisition in Bergen County, where UJB Financial is the largest bank, with 39 branches. Palisade Savings has eight branches and $304 million in assets. Last December UJB Financial agreed to acquire VSB Bancorp of Closter, N.J., for $71.7 million in stock. U.S. Thrift Opportunity Partners is a limited partnership based in Chicago.
Full Article
VALUE HEALTH TO ACQUIRE COMMUNITY CARE NETWORK
Date: 20 May 1994
By Bloomberg News
Bloomberg News
Value Health Inc. has agreed to acquire Community Care Network Inc. of San Diego for $40 million plus payments based on certain earnings targets. Value Health, based in Avon, Conn., will acquire the closely held Community Care Network from Alliance Healthcare Foundation, which is based in San Diego, and certain individual shareholders. Community Care Network is one of the country's largest workers' compensation managed health care providers. It operates in 37 states and has a network of 1,200 hospitals and 60,000 physicians. Value Health offers managed care benefit programs for prescription drugs, mental health and substance abuse, workers' compensation and foot care.
Full Article
CAPITAL CITIES/ABC APPROVES STOCK SPLIT
Date: 20 May 1994
By Bloomberg News
Bloomberg News
Capital Cities/ABC Inc. said yesterday that its board had approved a 10-for-1 common stock split that would make the stock of the company, which is the second-most-expensive issue on the New York Stock Exchange, more affordable. The split will be effective on June 3. Shares of Capital Cities/ABC rose $9, to $740, on the New York Stock Exchange. The split is the first since Capital Cities Communications Inc. bought the American Broadcasting Companies in 1986. Since then, its stock has soared from the mid-200's, and is up by more than 20 percent this year. Only the shares of Berkshire Hathaway Inc. are more expensive, selling for about $16,200 a share.
Full Article
NORTHROP GRUMMAN SEES CUTS OF $250 MILLION A YEAR
Date: 19 May 1994
By Bloomberg News
Bloomberg News
The Northrop Grumman Corporation plans to slash costs by $250 million a year as it absorbs the former Grumman Corporation and prepares for an era of leaner Pentagon budgets. To increase profits, the company will consolidate management at its Los Angeles headquarters and eliminate operations that may be duplicated in the company's facilities, said Kent Kresa, the president and chief executive. The goal is to reduce operating costs by $250 million a year, beginning in 1995, Mr. Kresa said. He did not specify how many layoffs were planned, on top of the 4,500 layoffs Grumman and Northrop already planned for this year. The company is poised for "double-digit earnings growth" beginning next year, Mr. Kresa said in a speech at the annual meeting in Los Angeles yesterday.
Full Article
SHARES OF BLYTH INDUSTRIES RISE ON FIRST TRADING DAY
Date: 19 May 1994
By Bloomberg News
Bloomberg News
Shares of Blyth Industries rose 14 percent in their first day of trading after a $53.5 million initial public offering. Blyth, a candle maker, is based in Greenwich, Conn. Its shares closed at $18.875 on the New York Stock Exchange, up from the offering price of $16.50, on volume of 967,800 shares. Of the 3.24 million shares sold, representing a 23 percent stake in the company, 2 million were sold by the company and 1.24 million by a group of shareholders.
Full Article
FIVE FORMER SALES MANAGERS SUE MET LIFE
Date: 20 May 1994
By Bloomberg News
Bloomberg News
Five sales managers who were fired by the Metropolitan Life Insurance Company have charged the insurer with making them the scapegoats for misleading sales practices in the Met Life office in Tampa, Fla. In a suit filed in state court in Tampa, the plaintiffs charged that the insurer, based in New York, defamed them and are seeking at least $412,000 for breach of contract. A spokesman for Met Life, the nation's second-biggest life insurer, declined to comment. The company has said the Tampa office used improper sales tactics in disguising life insurance as a retirement plan. Among the defendants are Met Life's chairman and chief executive, Harry P. Kamen, its president and chief operating officer, Ted Athanassiades, and an executive vice president, Robert J. Crimmins.
Full Article
CEMEX UNIT TO BUY SOME LAFARGE ASSETS FOR $100 MILLION
Date: 19 May 1994
By Bloomberg News
Bloomberg News
The Lafarge Corporation, based in Reston, Va., said yesterday that it had agreed to sell construction materials assets in Texas to a unit of Cemex, Mexico's huge cement company, for $100 million. Sunbelt Acquisitions Inc., the Cemex unit, will buy Lafarge's 900,000-ton cement plant in New Braunfels. It will also buy four cement-storage silos in Houston, Fort Worth, Tyler and Katy, and a 52 percent interest in the Parker Lafarge unit, which operates asphalt and aggregate plants in Houston and New Braunfels.
Full Article