17th of August 1995 News
الأخبار كما ظهرت في الصفحة الأولى لصحيفة نيويورك تايمز في ١٧ أغسطس ١٩٩٥
KINETIC CONCEPTS SUES HILLENBRAND INDUSTRIES
Date: 18 August 1995
By Bloomberg News
Bloomberg News
Kinetic Concepts Inc. said it had filed a $200 million antitrust lawsuit against Hillenbrand Industries, contending that Hillenbrand tried to capture an unfairly large share of the hospital-bed business. The suit contends that the Hill-Rom Company, a unit of Hillenbrand, required that hospitals and purchasing groups buy all their hospital beds from Hill-Rom. If the hospitals did not comply, they were denied the discounts offered to other buyers, Kinetic Concepts contends. Kinetic Concepts, which is based in San Antonio and which also makes hospital beds, said that to "limit or eliminate competition," Hill-Rom sold beds at less than the production cost. Hillenbrand called the suit baseless, saying a two-year Federal investigation of the hospital-bed business that ended in June had found no anti-competitive activities. Hillenbrand is based in Batesville, Ind.
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WEYERHAEUSER TO TAKE THIRD-QUARTER CHARGE
Date: 17 August 1995
By Bloomberg News
Bloomberg News
The Weyerhaeuser Company said yesterday that it would take a third-quarter charge of $184 million, or 90 cents a share, as it accelerates plans to sell its less profitable real estate assets. The charge is a result of the revaluation of some real estate assets, $600 million of which the company said it planned to sell in the next 12 months. Weyerhaeuser said it had changed the timetable for selling the assets, which consist mostly of undeveloped land, because of a new accounting rule for publicly traded companies that requires a larger asset write-down than in the past. The company, based in Federal Way, Wash., is best known for its timber and paper businesses. Shares of Weyerhaeuser gained 75 cents, to $46.125, on the New York Stock Exchange.
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IMMUNOMEDICS STOCK RISES AFTER PATENTS ARE AWARDED
Date: 18 August 1995
By Bloomberg News
Bloomberg News
The shares of Immunomedics Inc. gained 18 percent yesterday after the company said it had been awarded three Japanese patents. The patents cover antibody-based agents that it is developing to diagnose and treat cancer. The company, which is based in Morris Plains, N.J., said the patents were counterparts to United States patents licensed to Immunomedics by the company's founder and chairman, David Goldenberg, in 1982. The stock of Immunomedics closed up 68.75 cents at a three-month high of $4.625 on Nasdaq.
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BOISE CASCADE AGREES TO DEAL WITH STONE CONTAINER
Date: 18 August 1995
By Bloomberg News
Bloomberg News
The Boise Cascade Corporation said yesterday that it had agreed to a proposed $325 million merger of Rainy River Forest Products Inc. of Toronto, in which it owns a 60 percent equity stake and a 49 percent voting stake, with the Stone-Consolidated Corporation of Montreal, in which the Stone Container Corporation owns a majority stake. The combination would create a company with annual production capacity of 2.4 million tons of newsprint, making it one of the biggest newsprint makers in Canada.
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PURCHASE BY PACIFIC TELECOM GETS F.C.C. APPROVAL
Date: 18 August 1995
By Bloomberg News
Bloomberg News
Pacific Telecom Inc. said the Federal Communications Commission had approved its $180 million purchase of rural telephone properties in Oregon and Washington from U S West Inc. Pacific Telecom, a unit of Pacificorp, said the F.C.C.'s approval would give it 49 new areas of service, called local exchanges. The exchanges include 36,000 rural phone lines, which bring the number of lines Pacific Telecom controls to 520,000.
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BANKAMERICA TO SELL MORTGAGE BOND TRUST UNIT
Date: 17 August 1995
By Bloomberg News
Bloomberg News
The Bankers Trust New York Corporation said yesterday that it planned to buy the $24 billion mortgage bond trustee division of the BankAmerica Corporation. The mortgage and asset securities services unit tracks payments on home mortgages and other consumer loans that have been packaged as bonds. Bankers Trust is the nation's biggest trustee for loan-backed securities, with $68 billion in assets. The financial terms of the sale were not disclosed. In selling the business, BankAmerica, based in San Francisco, joins a number of other banks that have pulled out of the corporate trust business.
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INTEGRATED BUYS COLOMBO FROZEN YOGURT BUSINESS
Date: 17 August 1995
By Bloomberg News
Bloomberg News
Integrated Brands Inc., formerly known as Steve's Homemade Ice Cream Inc., has purchased the prepackaged Colombo Shoppe Style Frozen Yogurt business from General Mills Inc. The terms of the deal were not disclosed. Integrated Brands, based in Ronkonkoma, L.I., distributes Steve's superpremium ice cream, Swensen's premium ice cream and Yoplait frozen yogurt. General Mills, based in Minneapolis, will continue to sell Colombo Shoppe Style Frozen Yogurt to restaurants and other institutional customers. Integrated also received 20-year licenses to use the Colombo, Trix, Count Chocula and Lucky Charms trademarks on frozen desserts in North America.
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FORD TO INVEST $135 MILLION IN FUEL-INJECTOR PLANT
Date: 17 August 1995
By Bloomberg News
Bloomberg News
The Ford Motor Company said yesterday that it would invest $135 million in a Michigan plant to make new fuel injectors and other parts. The announcement ended speculation that the company would sell the fuel-related parts plant and buy equipment from outside suppliers. Ford, based in Dearborn, Mich., said it would start revamping the factory, which is in Rawsonville, near Ypsilanti, at the end of the year. The plant will make less expensive alternators and more efficient fuel injectors and pumps for 1999 model cars and trucks, the company said.
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AMGEN AND KIRIN GAIN RIGHTS TO BLOOD-CLOTTING PROTEIN
Date: 17 August 1995
By Bloomberg News
Bloomberg News
Novo Nordisk A.S. of Denmark has signed an agreement to license the rights to sell an experimental protein that stimulates blood clotting to Amgen Inc. and the Kirin Brewery Company of Japan, which has a large pharmaceutical unit. In return, Novo will receive a down payment and royalties from future sales. The terms of the agreement, which was announced on Tuesday, were not disclosed. The protein, thrombopoietin, stimulates the production of particles known as platelets that help blood clotting. Amgen, based in Thousand Oaks, Calif., is also developing a drug to stimulate the production of platelets.
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AMERITECH TO BUY LEP GROUP'S SECURITY-MONITORING UNIT
Date: 17 August 1995
By Bloomberg News
Bloomberg News
The Ameritech Corporation said yesterday that it had agreed to buy the National Guardian Corporation, the security-monitoring unit of LEP Group P.L.C. of Britain, for an undisclosed price. National Guardian, based in Greenwich, Conn., has about 275,000 customers in the United States and had $213 million in revenue last year, Ameritech said. In June, LEP announced plans to sell National Guardian as part of an effort to reduce debt. Ameritech, the regional Bell company based in Chicago, entered the security-monitoring business last year with the purchase of Securitylink, an Illinois company with about 44,000 customers.
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