กำลังเล่นซ้ำ วันอังคารที่ 19 ธันวาคม ค.ศ. 1995

NEWS SUMMARY

Date: 19 December 1995

International A3-14

Full Article

NEWS SUMMARY

Date: 20 December 1995

International A3-15

Full Article

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.

Full Article

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.

Full Article

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.

Full Article

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.

Full Article

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.

Full Article

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.

Full Article

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.

Full Article

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.

Full Article