O dia 1 de junho de 1994 foi um quarta-feira sob o signo de ♊. Foi o dia 151 do ano. O presidente dos Estados Unidos foi William J. (Bill) Clinton.
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1st of June 1994 News
Notícias como apareceu na primeira página do New York Times em 1 de junho de 1994
Fox Is Under F.C.C. Review
Date: 02 June 1994
By Edmund L. Andrews
Edmund Andrews
The Federal Communications Commission is re-examining the ownership structure of Rupert Murdoch's Fox television stations, based on new information that Mr. Murdoch's News Corporation may be in violation of laws prohibiting foreign companies from owning American broadcast stations. The examination could pose a serious threat to Fox, possibly even forcing it to sell off its television stations, which include WNYW, Channel 5, in New York, as well as stations in Los Angeles, Washington, Chicago, Dallas and Houston.
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Time Warner Rebuffed on Channel
Date: 02 June 1994
By Edmund L. Andrews
Edmund Andrews
In its first move to enforce a new law aimed at promoting competition in cable television, the Federal Communications Commission decided today that Time Warner Inc. could not have exclusive rights to Court TV in Manhattan. The ruling means that Time Warner, a principal owner of the popular cable network, which broadcasts live court trials, must license the channel to Liberty Cable Television, a competitor in Manhattan.
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Snatch It Back, Mr. Mayor
Date: 02 June 1994
There is still time for New York's Mayor, Rudolph Giuliani, to withdraw the sweetheart deal his staff has cooked up for Mortimer Zuckerman, and thereby avoid a lasting blot on his record. Common sense, and the wise counsel of political figures as diverse as former Mayor Edward Koch and the City Council member Ronnie Eldridge say that $100 million is too low a price for half the Coliseum site that was once going to bring $338 million. Deputy Mayor John Dyson's plan to keep Mr. Zuckerman's cost to $80 million by having the city contribute $20 million is simply unconscionable and undermines Mr. Dyson as a trustworthy steward of public money. Mr. Giuliani does not have to tie himself to Mr. Zuckerman and Mr. Dyson. As of last night, Mr. Zuckerman had not formally accepted the offer. Mr. Giuliani is not one to accept advice when he has gotten the bit in his teeth. But he would be smart to snatch the paper back before Mr. Zuckerman can sign it. Otherwise, this deal will go into the history books as a signal error of Mr. Giuliani's first year and one that will permanently damage his reputation for judgment and probity.
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As D-Day's anniversary nears, a cry is heard: The marketers are coming! The marketers are coming!
Date: 02 June 1994
By Stuart Elliott
Stuart Elliott
JUNE 1944: Dwight D. Eisenhower says, "O.K., let's go." June 1994: Madison Avenue says, "O.K., let's sell."
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SALE OF NORDEN SYSTEMS TO WESTINGHOUSE COMPLETED
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation has completed its acquisition of Norden Systems Inc. from the United Technologies Corporation and said it would lay off workers at Norden's plants in Norwalk, Conn., and Melville, L.I. Westinghouse agreed on Feb. 25 to acquire Norden, a maker of weapon control systems and radar systems; the price was not disclosed. A spokesman for Westinghouse, based in Pittsburgh, said an undetermined number of Norden's 1,541 employees would lose their jobs "in the near future" because of declining sales at Norden.
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COMPUWARE COMPLETES UNIFACE HOLDING DEAL
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The Compuware Corporation completed the acquisition yesterday of the closely held Uniface Holding B.V. of Amsterdam for stock valued at about $281.4 million. Compuware, based in Farmington Hills, Mich., will issue 6.7 million shares to Uniface shareholders. In addition, holders of Uniface options will receive about 1.3 million Compuware options. Uniface, which supplies client-server development tools, had revenue of $58 million in 1993. Compuware, with revenue of $330.3 million in its latest fiscal year, develops software products for the data processing industry. Compuware stock gained 62.5 cents yesterday, to $42.375, in Nasdaq trading.
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AUDITORS RESIGN AT IDB COMMUNICATIONS GROUP
Date: 01 June 1994
By Bloomberg News
Bloomberg News
IDB Communications Group Inc., a large provider of international long-distance phone service, said yesterday that its auditors, Deloitte & Touche, had resigned. The accounting firm had been reviewing financial information on which IDB had based its first-quarter earnings report. According to documents filed yesterday with the Securities and Exchange Commission, Deloitte & Touche had raised concerns about the adequacy of IDB's documentation and the timing of major business transactions. The announcement came three weeks after the Peoples Telephone Company of Miami called off a $280 million merger with IDB, citing IDB's falling stock price and unsuccessful attempts to renegotiate the merger. The deal would have created the nation's fourth-largest long-distance company.
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ROADMASTER TO BUY ACTAVA SPORTING GOODS UNITS
Date: 01 June 1994
By Bloomberg News
Bloomberg News
Actava Group Inc. said yesterday that it would sell its four sporting goods businesses to Roadmaster Industries for stock worth about $80 million. Actava, formerly Fuqua Industries, will become the largest shareholder in Roadmaster, with a 39 percent stake. Roadmaster will assume $40 million in debt from Actava, which is based in Atlanta. The combined sporting goods business will be one of the nation's largest. Roadmaster, based in Englewood, Colo., makes bicycles and other fitness equipment.
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AMERICAN EXPRESS FINISHES LEHMAN BROTHERS SPINOFF
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The American Express Company said yesterday that it had completed the spinoff of its Lehman Brothers brokerage unit to shareholders. The travel and financial services company said it had distributed its 98.2 million common shares in Lehman Brothers through a tax-free dividend to shareholders. American Express stockholders of record on May 20 received one Lehman share for every five of their shares. Lehman stock, which has been trading on the New York Stock Exchange on a when-issued basis since May 2, closed yesterday at $18.
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CALIFORNIA FEDERAL TO SELL ASSETS TO ARGO PARTNERS
Date: 01 June 1994
By Bloomberg News
Bloomberg News
California Federal Bank said yesterday that it had signed a definitive agreement to sell $350 million in performing and delinquent income-producing properties to Argo Partnership L.P. for an undisclosed price. The sale is the second undertaken by the Los Angeles savings institution as part of a plan to reduce its portfolio of delinquent loans. In April, it sold $231 million of performing and delinquent real estate holdings. Argo Partnership was formed in January to acquire mortgages and other real estate. O'Connor Capital, a unit of O'Connor Group, is its managing general partner.
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