กำลังเล่นซ้ำ วันอังคารที่ 14 กันยายน ค.ศ. 1993

Price Increase Is Announced By The Times

Date: 14 September 1993

The New York Times announced yesterday that it would raise the suggested newsstand price of its Sunday paper in the New York City area to $2 from $1.50 starting Sept. 26. In a statement announcing the price change, the publisher, Arthur Sulzberger Jr., said: "The New York Times is committed to offering its readers the finest journalism available. We seek to constantly improve the newspaper and provide good value for readers and advertisers alike. This price increase is necessary to help fund these improvements and to offset rising production and distribution costs." To Maintain Commitment In the last few years, The Times has increased its coverage of metropolitan news and sports; introduced two new sections, Styles of The Times and The City, and begun printing the Book Review and Real Estate sections in color. The Times plans to add color to the Travel section this fall and to Arts and Leisure early next year.

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Murdoch Plan to Buy The Post Wins a Judge's Approval

Date: 15 September 1993

By William Glaberson

William Glaberson

Despite opposition from a union and the creditors of the bankrupt New York Post, a bankruptcy judge yesterday approved Rupert Murdoch's plan to purchase the newspaper. The ruling opened the way for Mr. Murdoch to complete his purchase by Sept. 30, ending a long period of instability for the newspaper founded in 1801. A series of near-death experiences that drew national attention began for the newspaper last winter, when The Post's last owner, Peter S. Kalikow, backed away from ownership because of financial problems.

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COMPAQ DISPLAYS PC THAT USES ELECTRONIC PEN

Date: 14 September 1993

By Bloomberg News

Bloomberg News

The Compaq Computer Corporation yesterday introduced its Concerto series of notebook personal computers, which let users enter data either on a keyboard or with an electronic pen. The Concerto models will be priced at about $2,499 and will ship by the end of the month, officials said. The new models followed last week's introduction by the rival IBM Personal Computer Co. of its new Thinkpad 750P, which also features a pen and lightweight keyboard.

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TEJAS GAS TO COMPLETE PURCHASE OF EXXON PIPELINES

Date: 15 September 1993

By Bloomberg News

Bloomberg News

The Tejas Gas Corporation expects to complete today its $380 million purchase of almost all the Exxon Company U.S.A.'s natural gas pipeline systems in Texas and Louisiana. The transaction, announced in May, would roughly double the size of Tejas Gas, which operates 3,200 miles of pipelines that transport about 1.3 billion cubic feet a day of natural gas. The gas pipelines of the Exxon Corporation division in the two states transport 1.6 billion cubic feet daily through 2,200 miles of pipeline. Tejas Gas, based in Houston, also said yesterday that it was considering an equity offering to help offset debt from the Exxon purchase.

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CROWN CORK AND SEAL TO PRODUCE CANS IN JORDAN

Date: 14 September 1993

By Bloomberg News

Bloomberg News

The Crown Cork and Seal Company has formed a joint venture to produce aluminum cans in Jordan. The company, which will be called the Middle East Can Manufacturing Company, will be 30 percent owned by Crown Cork and Seal and situated in Amman. Crown said its partners include the Shaheen Business and Investment Group of Jordan and Ahmed Hamad Algosaibi & Brothers of Saudi Arabia. Production is expected by the end of 1994.

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REDUCED DAMAGE AWARD HELPS SHARES OF ELJER

Date: 15 September 1993

By Bloomberg News

Bloomberg News

The stock of Eljer Industries rose 18.6 percent yesterday after a ruling reduced the potential damages the company faced in a product lawsuit. Eljer's shares closed at $6.375, up $1, on the New York Stock Exchange. In April, a state jury in San Diego ordered the Shell Oil Company, the United States Brass unit of Eljer and the Hoechst Celanese Corporation to pay $48.3 million in punitive damages for producing leaky plastic plumbing that flooded some homes. The rubbery gray polybutylene tubing was widely used instead of metal pipes in the early 1980's home-building boom. Shell and Celanese made the plastic; U.S. Brass made the finished pipe and fittings. On Monday, a state judge in San Diego cut the damage award to $2 million.

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APPLIED MAGNETICS SEES WEAK REVENUE; SHARES FALL

Date: 15 September 1993

By Bloomberg News

Bloomberg News

Shares of the Applied Magnetics Corporation dropped almost 15.7 percent after the company said continuing problems in the disk drive industry would pull fourth-quarter revenue down about 10 percent from the $97.4 million that was reported for the third quarter. In the first quarter of the 1994 fiscal year, the company, based in Goleta, Calif., expects a similar decline in revenue from the current quarter. Applied Magnetics shares fell $1.625, to $8.75, on the New York Stock Exchange.

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NORWEST SIGNS DEAL TO ACQUIRE BANK OF MONTANA SYSTEM

Date: 15 September 1993

By Bloomberg News

Bloomberg News

The Norwest Corporation of Minneapolis signed a definitive agreement yesterday to acquire the closely held Bank of Montana System. Terms of the agreement were not disclosed. Bank of Montana, based in Great Falls, Mont., has 29 branches in 25 Montana communities and total assets of about $793 million. Norwest has eight Montana locations with $855 million in assets. Norwest provides banking, insurance, investment and other financial services through 2,116 locations in 50 states, all 10 Canadian provinces and other countries. It has $47.8 billion in assets.

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AIR FORCE SAYS MCDONNELL'S C-17 WING TEST FAILED

Date: 14 September 1993

By Bloomberg News

Bloomberg News

The Air Force late yesterday reversed course and said a wing on McDonnell Douglas Corporation's C-17 transport jet failed to pass a stress test on Friday. As a result, the Air Force said it was beginning an investigation of the C-17's wing design. Earlier in the day, an Air Force official had indicated that the wings had barely passed the test. That news helped slow a sharp selloff in McDonnell Douglas's shares. The plane, with a history of wing problems, was subjected to forces equal to 150 percent of the plane's maximum-load limit in the ground test. In the statement released late yesterday, the Air Force said it appeared that the left wing failed at a load limit of about 145 percent.

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FORD TO EXTEND BUYER REBATES ON SOME '94 MODELS

Date: 15 September 1993

By Bloomberg News

Bloomberg News

The Ford Motor Company said yesterday that it would extend buyer rebates to some 1994-model cars and trucks. The offer expires on Jan. 10. In many cases, however, the rebate is lower.

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