Don't Quote Me
Date: 26 March 1995
By Max Frankel
Max Frankel
Mommy, what's a source? A thing where something comes from; the beginning of a stream.
El 25 de març de 1995 era un dissabte sota el signe estrella de ♈. Era el 83 dia de l'any. El president dels Estats Units era William J. (Bill) Clinton.
Si vas néixer aquest dia, tens 31 anys. El teu darrer aniversari va ser el dimecres, 25 de març de 2026, fa 84 dies. El teu proper aniversari és el dijous, 25 de març de 2027, d'aquí a 280 dies. Heu viscut durant 11.407 dies, o unes 273.787 hores, o uns 16.427.271 minuts, o uns 985.636.260 segons.
Date: 26 March 1995
By Max Frankel
Max Frankel
Mommy, what's a source? A thing where something comes from; the beginning of a stream.
Date: 26 March 1995
By Louis Uchitelle
Louis Uchitelle
AMERICANS are scared. They are looking toward retirement not with the optimism of their parents, but with fear. Three out of four working Americans expect people their age to face a financial crisis when they retire, according to a New York Times/CBS poll. Over half say they have not begun to save for retirement. And many see themselves reaching old age without the company-paid pensions and Social Security that allowed their parents to live so comfortably.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
Bolstering its push into telecommunications, the Whittaker Corporation said yesterday that it would pay up to $57.5 million to acquire a telecommunications unit of the Hughes Electronics Corporation, which is part of the General Motors Corporation. Whittaker will pay $32.5 million, consisting of $17.5 million in cash and $15 million in convertible subordinated debt for the unit, Hughes LAN Systems Inc. It will also pay up to $25 million in contingent deferred payments. Hughes LAN Systems, based in Santa Clara, Calif., makes A.T.M. switches for high-speed data transmission systems. Whittaker, based in Los Angeles, has an A.T.M. unit.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
The Union Pacific Corporation expects to take a one-time pretax charge of $199 million to cover costs stemming from its acquisition of the Chicago and Northern Western Corporation. The charge was disclosed in a filing yesterday with the Securities and Exchange Commission. Also yesterday, a unit of Union Pacific, UPI Rail Inc., began a cash tender offer of $35 a share, or $1.2 billion, for the 70 percent of Chicago and Northern Western that Union Pacific does not already own. Union Pacific, based in Bethlehem, Pa., owns the nation's largest railroad. Chicago and Northwestern, based in Chicago, is the eighth-largest freight railroad.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
United Parcel Service Inc., the package delivery company, said yesterday that it was warning managers that job cuts were likely as it moved to lower costs and reduce overlapping operations. The number of jobs to be eliminated has not been determined, the company said. "We are sending communications to U.P.S. management people today stating that we now believe some reductions in management staff will be necessary," the company said in a statement. The Wall Street Journal, quoting senior executives, reported yesterday that U.P.S., based in Atlanta, would cut more than 2,000 management positions. About 35,000 of its 300,000 workers are managers.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
SmithKline Beecham P.L.C., the Schering-Plough Corporation and Mid-Atlantic Medical Services Inc. said they were starting a cooperative venture aimed at improving the outcome of asthma treatment and reducing its cost. The companies said the goal was to identify people at high risk and to intervene to decrease the need for costly services like hospitalization and emergency-room visits. Britain's SmithKline Beecham said its Diversified Pharmaceutical Services unit, a pharmacy benefit management concern based in Minneapolis, would join forces with Integrated Therapeutics Group, a unit of Schering-Plough of Madison, N.J., and Mid-Atlantic Medical of Rockville, Md., to start a pilot national program.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
The Microsoft Corporation is sending out 450,000 flawed copies of Windows 95 to 450,000 users who have agreed to test what are known as "beta," or preliminary versions, of software, Infoworld magazine reported. Windows 95, the business version of Microsoft's Windows operating system for personal computers, is expected to be shipped in August. Microsoft's final test version of Windows 95 contains a design flaw that limits its use for business, the magazine reported in its March 27 issue. Computers running the system and multiple application programs together will sometimes freeze. Microsoft, based in Redmond, Wash., concedes that the latest Windows 95 test version has a design flaw, and says it has provided software to fix it, the magazine said. However, Infoworld's editor, Nicholas Petreley, who said he had tried both the new program and the remedy, contended that the remedy could also cause problems. The purpose of beta tests is to find problems in software before it is sold commercially. NO MORE
Date: 25 March 1995
By Bloomberg News
Bloomberg News
Textron Inc. has named Stephen L. Key executive vice president and chief financial officer. Textron, based in Providence, a diversified company that owns Bell helicopters and the Cessna Aircraft Company, said that Mr. Key, 51, had replaced Richard A. McWhirter, 60, as part of the company's succession process.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
Roland W. Rowland lost a last-ditch bid today to gain the presidency of Lonrho P.L.C., the company he helped create more than three decades ago. Mr. Rowland, for years the public face of Lonrho, was defeated in a vote at the annual shareholders meeting after narrowly losing a show of hands in which he needed 75 percent support. But Mr. Rowland, who is known as Tiny, vowed that he would "be back before the end of the year" to regain control of Lonrho.
Date: 25 March 1995
By Bloomberg News
Bloomberg News
A Federal judge has rejected the Ford Motor Company's proposed settlement of claims stemming from a class-action suit asserting that Ford's Bronco II was prone to rolling over. The judge, Morey L. Sear of Federal District Court here, said the agreement provided huge fees for lawyers but "zero" benefits for Bronco owners.