Le 31 mai 1994 était un mardi sous le signe astral du ♊. C'était le 150ème jour de l'année. Le président des États-Unis était William J. (Bill) Clinton.
Si vous êtes né ce jour-là, vous avez 32 ans. Ton dernier anniversaire était le dimanche 31 mai 2026, il y a 31 jours. Votre prochain anniversaire est le lundi 31 mai 2027, dans 333 jours. Vous avez vécu 11 719 jours, soit environ 281 271 heures, ou environ 16 876 290 minutes, ou environ 1 012 577 400 secondes.
31st of May 1994 News
Nouvelles telles qu'elles sont apparues à la une du New York Times le 31 mai 1994
SALE OF NORDEN SYSTEMS TO WESTINGHOUSE COMPLETED
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation has completed its acquisition of Norden Systems Inc. from the United Technologies Corporation and said it would lay off workers at Norden's plants in Norwalk, Conn., and Melville, L.I. Westinghouse agreed on Feb. 25 to acquire Norden, a maker of weapon control systems and radar systems; the price was not disclosed. A spokesman for Westinghouse, based in Pittsburgh, said an undetermined number of Norden's 1,541 employees would lose their jobs "in the near future" because of declining sales at Norden.
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COMPUWARE COMPLETES UNIFACE HOLDING DEAL
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The Compuware Corporation completed the acquisition yesterday of the closely held Uniface Holding B.V. of Amsterdam for stock valued at about $281.4 million. Compuware, based in Farmington Hills, Mich., will issue 6.7 million shares to Uniface shareholders. In addition, holders of Uniface options will receive about 1.3 million Compuware options. Uniface, which supplies client-server development tools, had revenue of $58 million in 1993. Compuware, with revenue of $330.3 million in its latest fiscal year, develops software products for the data processing industry. Compuware stock gained 62.5 cents yesterday, to $42.375, in Nasdaq trading.
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AUDITORS RESIGN AT IDB COMMUNICATIONS GROUP
Date: 01 June 1994
By Bloomberg News
Bloomberg News
IDB Communications Group Inc., a large provider of international long-distance phone service, said yesterday that its auditors, Deloitte & Touche, had resigned. The accounting firm had been reviewing financial information on which IDB had based its first-quarter earnings report. According to documents filed yesterday with the Securities and Exchange Commission, Deloitte & Touche had raised concerns about the adequacy of IDB's documentation and the timing of major business transactions. The announcement came three weeks after the Peoples Telephone Company of Miami called off a $280 million merger with IDB, citing IDB's falling stock price and unsuccessful attempts to renegotiate the merger. The deal would have created the nation's fourth-largest long-distance company.
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ROADMASTER TO BUY ACTAVA SPORTING GOODS UNITS
Date: 01 June 1994
By Bloomberg News
Bloomberg News
Actava Group Inc. said yesterday that it would sell its four sporting goods businesses to Roadmaster Industries for stock worth about $80 million. Actava, formerly Fuqua Industries, will become the largest shareholder in Roadmaster, with a 39 percent stake. Roadmaster will assume $40 million in debt from Actava, which is based in Atlanta. The combined sporting goods business will be one of the nation's largest. Roadmaster, based in Englewood, Colo., makes bicycles and other fitness equipment.
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AMERICAN EXPRESS FINISHES LEHMAN BROTHERS SPINOFF
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The American Express Company said yesterday that it had completed the spinoff of its Lehman Brothers brokerage unit to shareholders. The travel and financial services company said it had distributed its 98.2 million common shares in Lehman Brothers through a tax-free dividend to shareholders. American Express stockholders of record on May 20 received one Lehman share for every five of their shares. Lehman stock, which has been trading on the New York Stock Exchange on a when-issued basis since May 2, closed yesterday at $18.
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CALIFORNIA FEDERAL TO SELL ASSETS TO ARGO PARTNERS
Date: 01 June 1994
By Bloomberg News
Bloomberg News
California Federal Bank said yesterday that it had signed a definitive agreement to sell $350 million in performing and delinquent income-producing properties to Argo Partnership L.P. for an undisclosed price. The sale is the second undertaken by the Los Angeles savings institution as part of a plan to reduce its portfolio of delinquent loans. In April, it sold $231 million of performing and delinquent real estate holdings. Argo Partnership was formed in January to acquire mortgages and other real estate. O'Connor Capital, a unit of O'Connor Group, is its managing general partner.
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SALE OF VALERO NATURAL GAS PARTNERS APPROVED
Date: 01 June 1994
By Bloomberg News
Bloomberg News
Holders of units of Valero Natural Gas Partners L.P. approved the sale of the partnership to a subsidiary of Valero Energy Corporation for $117.4 million, Valero Energy said yesterday. Earlier this year, Natural Gas Clearinghouse, a joint venture of British Gas P.L.C. and the Nova Corporation of Alberta, offered to buy Valero Natural Gas Partners for $16 a unit, or about $155.2 million, compared with the final price of $12.10 that Valero Energy is paying for each of the partnership's 9.7 million publicly traded units. Valero Energy, based in San Antonio, which owned 48 percent of Valero Natural Gas Partners, rejected the higher offer because it would have required giving up operating control of the partnership.
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MATTEL COMPLETES DEAL FOR POWER WHEELS MAKER
Date: 01 June 1994
By Bloomberg News
Bloomberg News
Mattel Inc. said yesterday that it had completed its acquisition of Kransco, a closely held toy maker based in San Francisco. Terms of the agreement, which was announced in March, were not disclosed. Kransco's Power Wheels battery-powered vehicles were the main attraction for Mattel. Kransco began using the image of Mattel's Barbie doll on the vehicles about 10 years ago under license. Kransco has about $175 million in annual revenue.
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SIMINT SELLS ARMANI A/X CHAIN TO SINGAPORE COMPANY
Date: 01 June 1994
By Bloomberg News
Bloomberg News
Simint S.p.A., an Italian clothing company controlled by the designer Giorgio Armani, said today that it had sold Armani A/X, its money-losing United States retailing chain of 41 stores, to the Singapore-based company Ong Beng Seng as part of a restructuring. The Simint board accepted Ong Beng Seng's offer of 20 billion lire ($12.5 million) for Simint U.S.A., which owns the Armani A/X stores. The sale of Simint U.S.A. results in an additional loss of 52 billion lire for Mr. Armani's company. Simint S.p.A. had said its loss through the first 10 months of the fiscal year that ended in April was 184 billion lire ($115 million), because it had been forced to write down 150 billion lire in assets that had been overvalued. It has covered that loss out of reserves. Simint S.p.A. said it would turn a profit this year if all the features of its restructuring plan were put into effect.
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Belo Acquires CBS Affiliate
Date: 01 June 1994
By Bloomberg News
Bloomberg News
The A. H. Belo Corporation said today that it had completed the purchase of WWL-TV, the CBS affiliate in New Orleans, from the Rampart Operating Partnership for $110 million. The boards of Belo and Rampart approved the cash transaction in February and received regulatory approval recently. Belo, based in Dallas, publishes The Dallas Morning News and owns stations in Dallas; Houston; Sacramento, Calif.; Norfolk, Va., and Tulsa, Okla. Rampart is an employee group that bought WWL-TV from Loyola University of New Orleans in 1990.
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