NEWS SUMMARY
Date: 19 December 1995
International A3-14
Toistetaan tiistaina 19. joulukuuta 1995
19. joulukuuta 1995 oli tiistaina tähtimerkin ♐ alla. Se oli 352 päivä vuodesta. Yhdysvaltain presidentti oli William J. (Bill) Clinton.
Jos olet syntynyt tänä päivänä, olet 30 vuotta vanha. Viimeisin syntymäpäiväsi oli perjantaina 19. joulukuuta 2025, 182 päivää sitten. Seuraava syntymäpäiväsi on lauantaina 19. joulukuuta 2026, 182 päivän kuluttua. Olet elänyt 11 140 päivää tai noin 267 382 tuntia tai noin 16 042 944 minuuttia tai noin 962 576 640 sekuntia.
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19th of December 1995 News
Uutiset sellaisena kuin ne ilmestyivät New York Timesin etusivulle 19. joulukuuta 1995
COMPANY NEWS;POLAROID PLANS TO CUT 1,300 JOBS
Date: 20 December 1995
Bloomberg Business News
Bloomberg News
The Polaroid Corporation said yesterday that it planned to cut 1,300 jobs by the end of the first quarter of 1996. Polaroid, based in Cambridge, Mass., said the move would result in pretax charges totaling $195 million. One, of $155 million, will be taken in the fourth quarter, and the other, of $40 million, in 1996. The jobs will be cut through voluntary severance packages, early retirement and, if needed, dismissals. The move is the first broad stroke by the company's new chief executive, Gary DiCamillo, to reshape Polaroid, the maker of instant cameras, which said it expected to break even financially in the fourth quarter.
COMPANY NEWS;MOLSON DISMISSES THREE EXECUTIVES IN REVAMPING
Date: 20 December 1995
Bloomberg Business News
Bloomberg News
Molson Breweries, Canada's largest brewer, said it had dismissed three executives as part of its move to establish three regional offices. The brewery, owned by the Molson Companies, named a president for each of the offices. The changes come one month after the company, which is based in Toronto, named John R. Barnett chief executive. The managers who were dismissed are Charles Fremes, former senior vice president of corporate and public affairs; Gary Burkett, senior vice president of personnel, and Craig Prentice, a senior vice president for the Ontario office. David Perkins was named president of the new Ontario and Atlantic provinces office, Andre Tranchemontagne was named president of the Quebec office, and Blair Shier was appointed president of the Western Canada region.
COMPANY NEWS;INTEL SIGNS LICENSING AGREEMENT WITH PHOENIX
Date: 19 December 1995
AP
The Intel Corporation signed a seven-year licensing agreement yesterday with Phoenix Technologies Ltd., a maker of software that runs key start-up operations of a personal computer, and agreed to buy about $11 million of Phoenix stock. The arrangement, which is expected to be worth at least $20 million but could be worth much more, depending on shipment volumes over the seven years, allows Intel to use Phoenix software on motherboards, the main circuit boards for PC's, that it sells to manufacturers. Intel, the largest maker of microprocessors that run PC's, is becoming a leading maker of motherboards as well. The agreement was announced after the stock market closed.
COMPANY NEWS;GLENDALE FEDERAL TO SELL MORTGAGE HOLDINGS
Date: 19 December 1995
Reuters
Glendale Federal Bank, one of the nation's largest savings institutions, said yesterday that it would sell its entire holdings of collateralized mortgage obligations and record an after-tax loss of about $30 million. C.M.O.'s are complex securities that are tailor-made for investors using simpler mortgage pass-through securities -- for example, those issued by the Government National Mortgage Association. The sale was part of Glendale's plan to shift its focus to community banking, a spokesman said. Glendale said it had sold about half of its C.M.O. holdings and would record the entire loss in its fiscal second quarter, which ends on Dec. 31.
COMPANY NEWS;AIRPLANE PRODUCTION TO BE STEPPED UP AT BOEING
Date: 20 December 1995
AP
The Boeing Company will increase production of jetliners for the first time in about five years, in part to catch up with the backlog from the recent 10-week strike by machinists. Boeing, the world's largest maker of commercial jets, said yesterday that it would increase its monthly production rate next year for the first time since 1991. Production will grow from its pre-strike level of about 20 planes a month to 22.5 in the fourth quarter of 1996 and 24 in early 1997.
COMPANY NEWS;PRAXAIR RAISES OFFER FOR CBI AND SETS A DEADLINE
Date: 20 December 1995
Bloomberg Business News
Bloomberg News
Praxair Inc. sweetened its hostile bid for CBI Industries yesterday and pressured CBI to accept it by imposing a deadline of tomorrow. Praxair, based in Danbury, Conn., increased its offer by $1 a share, to $33. If CBI does not accept by 5 P.M. tomorrow, Praxair's bid, valued at about $2.2 billion, plus the assumption of $750 million in CBI debt, will revert to the original $32-a-share offer that was rejected on Nov. 16. A spokesman for CBI, which is based in Oak Brook, Ill., was unavailable for comment. The acquisition would combine CBI, the world's largest maker of carbon dioxide, with Praxair, one of the world's largest producers of industrial gases. CBI shares were up $1 at $32.375 on the New York Stock Exchange.
COMPANY NEWS;MARINE MIDLAND TO ACQUIRE RIVER BANK BRANCHES
Date: 19 December 1995
Dow Jones
Dow Jones
Marine Midland Bank, a unit of HSBC Holdings P.L.C. in London, agreed yesterday to buy bank branches, loans and deposits from struggling River Bank America for $93 million. The deal would give Marine Midland, based in Buffalo, 11 branches in New York City that River Bank operates as East River Savings Bank. River Bank, based in New Rochelle, N.Y., recently shed assets and laid off employees to recover from several years of losses and bad loans. Marine Midland would get $1.2 billion in deposits and $1.5 billion in loans. Marine Midland has $19 billion in assets and 320 branches in New York.
WORLD NEWS BRIEFS;Korea Parliament Clears Trial of Ex-Presidents
Date: 20 December 1995
Reuters
South Korea's Parliament passed a law today to allow the punishment of two former Presidents for the Kwang-ju massacre, a tragedy that scarred the nation, Yonhap news agency reported. Chun Doo Hwan, the former president most closely associated with the army's 1980 slaughter of pro-democracy demonstrators, was reported to be dangerously weak today on his 17th day on a hunger strike.