11. toukokuuta 1995 oli torstaina tähtimerkin ♉ alla. Se oli 130 päivä vuodesta. Yhdysvaltain presidentti oli William J. (Bill) Clinton.
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11th of May 1995 News
Uutiset sellaisena kuin ne ilmestyivät New York Timesin etusivulle 11. toukokuuta 1995
MCI AND MURDOCH TO JOIN IN VENTURE FOR GLOBAL MEDIA
Date: 11 May 1995
By Edmund L. Andrews With Geraldine Fabrikant
Edmund Andrews
MCI Communications announced plans today to invest as much as $2 billion in Rupert Murdoch's News Corporation and form a global media partnership that might one day distribute "The Simpsons" over the Internet and home-shopping services by satellite. The deal unites two companies that have histories of shaking up their respective markets in telephone and television with a buccaneering approach to competition.
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Investment Is A $2 Billion Bet on the Net
Date: 11 May 1995
By Steve Lohr
Steve Lohr
With its $2 billion investment in Rupert Murdoch's News Corporation, the MCI Communications Corporation is making corporate America's biggest bet yet that the Internet is going to be a thriving business in a few years. MCI is certainly not alone in the corporate rush onto the global computer network. In the last few years, an estimated 10,000 companies have erected their own electronic billboards on the World Wide Web, the multimedia part of the Internet.
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SHARES OF KELLOGG RISE ON GOLDMAN RECOMMENDATION
Date: 12 May 1995
By Bloomberg News
Bloomberg News
Shares of the Kellogg Company surged yesterday after Goldman, Sachs & Company recommended that investors buy the stock. A Goldman, Sachs analyst, Nomi Ghez, raised her recommendation to "buy" from "market performer," according to a research official at the firm. Shares of Kellogg, the cereal company based in Battle Creek, Mich., gained $3.50, to $66.125, on the New York Stock Exchange, after trading as high as $66.875. The company's shares surged last month after strong first-quarter earnings persuaded investors that the cereal industry would not engage in a price war.
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PRESIDENT OF DOW CHEMICAL IS NAMED CHIEF
Date: 12 May 1995
By Bloomberg News
Bloomberg News
The president and chief operating officer of the Dow Chemical Company, William S. Stavropoulos, was named chief executive yesterday at Dow's annual meeting, succeeding Frank P. Popoff, who will remain chairman. Mr. Stavropoulos, who is 55, joined the company as a chemist in 1967. He was named president and chief operating officer in 1993. Mr. Popoff, 59, has been chief executive since 1987, and was named chairman in 1992. Mr. Popoff will relinquish his chief executive duties on Nov. 1 in conjunction with his 60th birthday. Dow also said it would raise its quarterly dividend by 15 percent; the company will pay a quarterly dividend of 75 cents a share on July 28 to shareholders of record on June 30.
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SHARES OF MAXIM GROUP FALL ON EARNINGS ESTIMATE
Date: 11 May 1995
By Bloomberg News
Bloomberg News
Shares of Maxim Group Inc. fell 21 percent yesterday after the company, a retailer of floor coverings, said its fourth-quarter earnings would be below analysts' expectations and results of the corresponding period a year earlier. The stock was down $2.75, at $10.25, on Nasdaq. The company, based in Marietta, Ga., said Tuesday night that its per-share results for the fourth quarter, which ended on March 31, would fall below Wall Street expectations of 17 cents, the average estimate of three analysts polled by Zacks Investment Research. Maxim said it would be profitable, although earnings would be below the 12 cents a share in the previous fourth quarter.
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SHARES OF EMPLOYEE BENEFIT PLANS CLIMB ON SALE TALKS
Date: 12 May 1995
By Bloomberg News
Bloomberg News
Shares of Employee Benefit Plans Inc. soared 28 percent yesterday after the company said it was in talks with a suitor that had made an offer of $123 million, or roughly $14.86 a share. Employee Benefit Plans, based in Minneapolis, provides managed health care services to self-financing employers. The company did not identify the suitor and said there was no guarantee that an agreement would be reached. Shares of Employee Benefit Plans rose $2.625, to $12, on the New York Stock Exchange.
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AMR SAYS EARNINGS WILL BE HURT BY TEXAS HAIL STORM
Date: 12 May 1995
By Bloomberg News
Bloomberg News
The AMR Corporation, the parent of American Airlines, said yesterday that losses from a hail storm in late April that disabled 55 jets in Dallas would hurt the company's second-quarter earnings. Industry analysts say losses from the storm could be as high as $50 million. AMR, based in Fort Worth, is expected to report earnings of 38 cents a share, according to an average estimate of 11 analysts surveyed by Zacks Investment Research. Steve Lewins, an analyst at Gruntal & Company, predicted yesterday that hail-related losses would cost AMR 20 cents to 30 cents a share, or almost $23 million. Shares of AMR rose 62.5 cents, to $68.25, on the New York Stock Exchange.
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ANTITRUST CHIEF HAS CONCERNS ABOUT T.W.A. PLAN
Date: 12 May 1995
By Bloomberg News
Bloomberg News
The Justice Department's antitrust chief said yesterday that she had "serious" concerns about the proposed settlement of a lawsuit involving caps on travel-agent commissions. Federal antitrust regulators said they were closely examining the settlement, announced earlier this week, in which Trans World Airlines Inc. and a national travel agents' group linked future commission levels to the amount of money the airline makes from ticket sales by travel agents. "An agreement between all travel agents and an airline to increase that airline's sales at the expense of other carriers raises serious competitive concerns," said Assistant Attorney General Anne K. Bingaman. In February, the leading airlines said they would cap at $50 the commission paid to travel agents for round-trip air tickets.
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Smith Barney Manager Quits
Date: 11 May 1995
By Bloomberg News
Bloomberg News
Smith Barney Inc. said yesterday that Joseph Carballeira, its head of Government bond trading, had resigned amid losses in his unit. Mr. Carballeira resigned on Tuesday, a spokesman said. Losses in trading Government bonds and bonds issued by Government-sponsored enterprises were "not significant," the spokesman said.
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Tribune Plans A Station Swap
Date: 11 May 1995
By Bloomberg News
Bloomberg News
The Tribune Broadcasting Company has agreed to swap two of its California radio stations with the Henry Broadcasting Company for Henry's Denver station and an undisclosed amount of cash. "This fits in with Tribune's local market development strategy," said Dennis J. FitzSimons, executive vice president of Tribune Broadcasting.
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