12th of September 1995 News
الأخبار كما ظهرت في الصفحة الأولى لصحيفة نيويورك تايمز في ١٢ سبتمبر ١٩٩٥
TV Interview Adds a Few Pieces to Powell Puzzle
Date: 12 September 1995
By Elizabeth Kolbert
Elizabeth Kolbert
Gen. Colin L. Powell favors abortion rights, affirmative action and gun control. He opposes organized prayer in the schools and objects to the Clinton Administration's lack of consistency in foreign policy. He still does not know whether he wants to run for President and, if he does, whether he should do so as a Republican, an independent or even as a Democrat. Those are the among the disclosures that General Powell makes to Barbara Walters in an interview scheduled to be broadcast on Friday night on the ABC News program "20/20." Highlights from the interview were made public today by ABC News.
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MYLAN GETS RIGHTS TO EXPERIMENTAL DIABETES TREATMENT
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Two drug companies have formed an alliance to sell an experimental diabetes treatment derived from seaweed that could eliminate the need for insulin injections. The treatment was developed by Vivorx Inc., a small biotechnology company in Santa Monica, Calif. Under the deal, Vivorx gave the right to sell the treatment in North America to Mylan Laboratories Inc. of Pittsburgh, which makes generic drugs.
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KODAK TO APPEAL JAPANESE INVALIDATION OF VCR PATENT
Date: 12 September 1995
By Bloomberg News
Bloomberg News
The Eastman Kodak Company is planning to appeal a decision by Japan's patent office to invalidate its 1993 patent on VCR technology. The disputed patent covers part of the technology used to record images onto magnetic tape. Kodak, which is based in Rochester, said it believed that the Japanese decision -- that the technology was already in public use before the patent claim was filed -- was at odds with a United States Patent Office decision on the same issue. Kodak shares fell $1 yesterday, to $58.75 on the New York Stock Exchange.
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FOREST LABORATORIES TO BUY 20% STAKE IN BIOVAIL
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Forest Laboratories Inc. said yesterday that it would acquire 20 percent of the Biovail Corporation International as part of an agreement to sell Biovail's recently approved Tiazac heart drug in the United States. Forest Labs will pay $69.7 million, or $42 a share, for the stake in Biovail, which is based in Scarborough, Ontario. Biovail's stock soared $6, to $34.625, on the American Stock Exchange, where its 20 percent gain was among the day's biggest. The stock of Forest Laboratories, based in New York, fell $1.625, to $45.50, on the American Stock Exchange. Biovail received approval on Monday from the Food and Drug Administration to market Tiazac.
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POTASH TO PAY $280 MILLION FOR OCCIDENTAL UNIT
Date: 12 September 1995
By Bloomberg News
Bloomberg News
The Potash Corporation of Saskatchewan Inc. said yesterday that it would buy a fertilizer production subsidiary from the Occidental Petroleum Corporation for $280 million. Potash would acquire White Springs Agricultural Chemicals Inc., which operates two mines and chemical plants. It also has a bulk terminal in Jacksonville, Fla. Other assets would include a feed plant in Davenport, Iowa, and ammonia terminals in Savannah, Ga., and in Houston. Potash, based in Saskatoon, Saskatchewan, is the world's largest producer of potash, which is used to make fertilizer. Its shares were up $5.50 yesterday, at $62.50, on the New York Stock Exchange.
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HEARTLAND WIRELESS COMMUNICATIONS PLANS 5 DEALS
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Heartland Wireless Communications Inc. said yesterday that it had agreed to acquire Cablemaxx Inc., American Wireless Cable Systems Inc., Technivision Inc. and controlling interests in two other concerns that provide wireless cable-television service, for a total of about $178 million in stock. Heartland, which is based in Dallas, will issue stock valued at $81 million to buy Cablemaxx; $34 million to buy American Wireless, and $31.8 million to buy the assets, plus about $5 million in debt, of Technivision. Heartland said it would also acquire the assets of a partnership that owns an 80 percent stake in a wireless cable system in Fort Worth for $13.3 million in stock, and the assets of a partnership that runs a wireless cable-television system in Minneapolis for $18 million in stock. The shares of Heartland rose $1.50, to $23, on Nasdaq.
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HOME DEPOT TO SLOW DOWN ITS EXPANSION PLANS
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Home Depot Inc. will reduce the number of stores it plans to open next year, analysts said yesterday. The company told analysts and institutional investors at a meeting in New York that it would scale back expansion plans to 90 to 95 stores from 105. The shares of Home Depot, which is based in Atlanta, fell $1.75, to $40.50, on the New York Stock Exchange on trading of almost 4.3 million shares.
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CYRIX SHARES DROP 8% AFTER DENIAL OF TAKEOVER
Date: 12 September 1995
By Bloomberg News
Bloomberg News
The shares of the Cyrix Corporation fell 8 percent yesterday after the company, a computer chip designer, denied it was a takeover target. Shares of Cyrix, based in Richardson, Tex., fell $4.1875, to $44, on Nasdaq trading of 3.9 million shares. "Cyrix flatly denies that the company is the target of a takeover," the company said in a statement. Cyrix shares had risen 43 percent since Sept. 1, partly on speculation that the company was about to be bought by a large computer company or an Asian electronics company.
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AMSCO SAYS STOCK-SWAP MERGER IS BEING DISCUSSED
Date: 12 September 1995
By Bloomberg News
Bloomberg News
Amsco International Inc. said yesterday that it was in preliminary discussions with another publicly traded company, which it would not name, about a possible stock-swap merger. The company did not say whether it would be the buyer or seller in such a transaction. Amsco shares were at $19.75, down 87.5 cents, at midafternoon when trading was halted on the New York Stock Exchange pending its announcement. The shares did not open again. Shares of the Pittsburgh-based maker of sterilizing and surgical equipment for hospitals had been rising on speculation it could be an acquisition target, analysts said.
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AST RESEARCH FOUNDER OFFERS TO STEP DOWN AS CHIEF
Date: 13 September 1995
By Bloomberg News
Bloomberg News
Safi U. Qureshey, the chairman and chief executive of AST Research Inc., said yesterday that he would step down, if necessary, to revive the personal computer company he founded 15 years ago. "I'm not hung up on titles," he said, adding that AST Research was already looking for someone to serve as president and chief executive. Shares of AST Research, which is based in Irvine, Calif, fell $1.25 yesterday, to $11.50, in heavy Nasdaq trading. After markets closed on Monday, AST announced that it would lose more than $40 million this quarter, the first in its 1996 fiscal year, and that three senior executives had been asked to resign immediately.
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