إعادة الخميس، ٣٠ نوفمبر ١٩٩٥

THE MEDIA BUSINESS;A 'Superlong Debt' Offering Is Said to Draw Little Interest

Date: 30 November 1995

By Stephanie Strom

Stephanie Strom

The recent boom in "superlong debt" -- 100-year and 50-year bonds -- may be short-lived. Yesterday, News America Finance Inc.'s offering of $600 million in 50-year bonds and $150 million in 100-year bonds was a hard sell for the lead underwriter, Goldman, Sachs & Company, and its co-managers, UBS Securities Inc., Citibank and First Chicago, according to analysts and bankers who follow the market for corporate debt.

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Clash of Careers For First Lady; Donna Hanover's 2 roles are not always separate

Date: 01 December 1995

By Elisabeth Bumiller

Elisabeth Bumiller

The most important thing to know about Donna Hanover, her friends say, is that work was at the center of her life long before her husband, Rudolph W. Giuliani, became the Mayor of New York. So it does not surprise anyone close to her that Ms. Hanover, as she is known professionally, has in recent months begun to work outside of Gracie Mansion nearly full time. Although it has been little discussed, she is the first First Lady of New York to do so.

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Eerie Liberal Hush? Blame the News Media

Date: 30 November 1995

To the Editor: "Liberal Urging Has Given Way to Eerie Hush" (front page, Nov. 24) points to the absence of progressive voices in policy debates.

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Corrections

Date: 30 November 1995

An article yesterday about a Singapore libel judgment against The International Herald Tribune misspelled the given name of one of the newspaper's co-chairmen. She is Katharine Graham, not Katherine.

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NEWS SUMMARY

Date: 01 December 1995

InternationalA3-20

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COMPANY NEWS

Date: 30 November 1995

MAF BANCORP IN DEAL TO BUY N. S. BANCORP MAF Bancorp Inc. said late yesterday that it had agreed to buy N. S. Bancorp Inc. in a stock and cash transaction valued at $277.2 million. The acquisition will give MAF Bancorp 20 branches in Chicago and its western suburbs, with about $3 billion in assets. MAF Bancorp, based in Clarendon Hills, Ill., is the parent company of Mid America Federal Savings Bank. N. S. Bancorp, based in Chicago, is the parent company of Northwestern Savings Bank. Under the agreement, each common share of N. S. Bancorp will be exchanged for 0.8466 common share of MAF Bancorp, plus $20.34 in cash. Based on yesterday's closing price of $26 a share for MAF Bancorp, the deal values N. S. Bancorp shares at $42.35 each, $6.10 above their closing price of $36.25. Both companies trade on the Nasdaq stock market. (Dow Jones)

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NEWS SUMMARY

Date: 30 November 1995

International A3-19

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COMPANY NEWS;METROMEDIA TO BUY ALLIANCE ENTERTAINMENT

Date: 01 December 1995

Reuters

Metromedia International Group Inc. said yesterday that it had agreed to buy music distributor the Alliance Entertainment Corporation in a stock exchange worth at least $390 million. Alliance, the largest full service distributor of prerecorded music in the United States, will be merged into a newly formed Metromedia subsidiary. Metromedia, in the latest of a string of deals, said it would acquire Alliance for about $12 a share in Metromedia stock. Alliance has about 32.8 million shares outstanding, giving the deal an apparent value of about $393 million. But the deal also calls for giving a five-year warrant to buy 0.2 share of Metromedia at an exercise price $21 a share for each Alliance share, which would make the deal worth much more. The companies did not give a total value for the deal, and officials could not be reached to comment. Metromedia, controlled by the billionaire John Kluge, is a communications and media company.

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Good News! I.R.S. to Expand Direct Deposit Refund Service

Date: 01 December 1995

By The New York Times

Some Americans will receive their 1995 Federal tax refunds more quickly next year because the Internal Revenue Service will deposit the refunds directly into their checking or savings accounts, the I.R.S. said today. "This option is good news for taxpayers and good news for us," said the I.R.S. Commissioner, Margaret Milner Richardson. "It makes life easier for those who pay taxes while improving our efficiency."

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COMPANY NEWS;APPLIED MATERIALS TO TELL OF CHIP-MAKING ADVANCE

Date: 01 December 1995

Applied Materials Inc. is expected to introduce a powerful chip-manufacturing technology on Friday that could increase its revenues by 10 percent and further its position as the leading provider of semiconductor-manufacturing equipment. The announcement would cap a positive week for Applied. On Tuesday, the company reported that its fiscal fourth-quarter earnings more than doubled. And including a 50-cent gain yesterday, its stock has surged so far this week by $6.25, or 15 percent, closing at $48.625. Applied Materials has scheduled a news conference for Friday where it is widely expected to introduce its offering in so-called CMP, or chemical mechanical planarization, tools. CMP tools, which are currently being sold by two much smaller companies -- the Integrated Process Equipment Corporation and Ontrak Systems Inc. -- enable chip makers to polish individual layers of a chip to make them flatter, without applying high heat that would melt metal layers.

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