AT THE BALL PARK WITH: David Halberstam; Making Legwork (and Edginess) a Virtue
Date: 08 July 1993
By William Grimes
William Grimes
BY the end of the first inning, things are shaping up pretty nicely at Yankee Stadium. With the sun shining brightly, the home team has scored four runs on four hits, leaving Minnesota's pitcher shellshocked. Oh, and one more thing. Mighty Dave Winfield, the Twins' designated hitter, has taken strike three. This development affords exquisite delight to David Halberstam. "God, how I love to see that man strike out," he says, cackling softly.
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CHART INDUSTRIES' SHARE PRICE PLUMMETS
Date: 09 July 1993
By Bloomberg News
Bloomberg News
The shares of Chart Industries plunged to their lowest level since an initial public offering seven months ago after the company issued a forecast late Wednesday that its second-quarter and full-year earnings would be weaker than expected.
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POLAROID INTRODUCES TWO DISPOSABLE CAMERAS
Date: 08 July 1993
By Bloomberg News
Bloomberg News
The Polaroid Corporation entered the disposable-camera market yesterday with two 35-millimeter models, one with flash and one without. The company joins the Eastman Kodak Company, the Konica Corporation and the Fuji Photo Film Company in offering disposable cameras, which represent the fastest-growing segment of the United States consumer film market. The plastic-bodied cameras, packaged in cardboard, are returned intact for developing.
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CUMMINS AND TELCO PLAN VENTURE IN INDIA
Date: 09 July 1993
By Bloomberg News
Bloomberg News
The Cummins Engine Company and the Tata Engineering and Locomotive Company of India have agreed to form a joint venture to build diesel engines in India. The venture must still be approved by the Indian Government.
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DEKALB GENETICS STOCK DROPS 12.6%
Date: 09 July 1993
By Bloomberg News
Bloomberg News
Shares of the DeKalb Genetics Corporation declined 12.6 percent yesterday after the company said it had lost money in its fiscal third quarter and that earnings in the current fiscal year would be significantly below last year.
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FORD TO OPEN TECHNICAL CENTER NEAR TOKYO
Date: 09 July 1993
By Bloomberg News
Bloomberg News
The Ford Motor Company plans to open a $50 million technical center near Tokyo by mid-1995 to bolster its efforts to sell more American-made parts to the Japanese auto industry. Construction of the Ford Technology Development Center will start next year; the center will employ about 80 people.
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CHRYSLER STARTS PROGRAM FOR SMALL STOCK ACCOUNTS
Date: 08 July 1993
By Bloomberg News
Bloomberg News
The Chrysler Corporation has started a one-month program to reduce the number of stockholders with fewer than 100 of its shares by allowing investors to either sell or increase their holdings to exactly 100 shares at a reduced cost. Chrysler now has 129,300 shareholders with fewer than 100 shares, a company spokeswoman, Karen Stewart, said. The offer waives the brokerage commission but charges a processing fee of 50 cents for each share bought or sold.
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RESOLUTION TRUST SELLS HOMEFED LOANS FOR $490 MILLION
Date: 08 July 1993
By Bloomberg News
Bloomberg News
The Resolution Trust Corporation, the savings-and-loan cleanup agency, has sold real estate loans from the HomeFed Bank of San Diego with a book value of $735 million to an investor group for about $490 million. Most of the loans were made by HomeFed, a $12.4 billion-asset savings bank that failed in July 1992, to finance apartment buildings.
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TSX STOCK SURGES ON UNIT'S $40 MILLION ORDER
Date: 09 July 1993
By Bloomberg News
Bloomberg News
The stock of the TSX Corporation stock surged 33 percent yesterday on heavy volume after its Texscan unit, a manufacturer of telecommunications equipment, announced a $40 million order from Tele-Communications Inc. TSX shares rose $1.125 each, to $4.50, on the American Stock Exchange.
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MICHIGAN INSURER SEEKS $17 MILLION FROM ARBOR DRUGS
Date: 08 July 1993
By Bloomberg News
Bloomberg News
Arbor Drugs Inc., an operator of 138 drugstores in Michigan, said yesterday that Blue Cross and Blue Shield of Michigan was seeking more than $17 million from Arbor to settle claims that it overcharged the insurer. Arbor also said the United States Attorney for the Eastern District of Michigan was investigating whether Arbor had violated any laws in its dealings with Blue Cross and Blue Shield. A spokeswoman for the prosecutor said she could not provide details. The company said it did nothing that should result in criminal charges.
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