Der 6. Mai 1995 war ein Samstag unter dem Sternzeichen ♉. Es war der 125. Tag des Jahres. Präsident der Vereinigten Staaten war William J. (Bill) Clinton.
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6th of May 1995 News
Nachrichten, wie sie auf der Titelseite der New York Times am 6. Mai 1995 erschienen
BRODERBUND SOFTWARE IN BANNER BLUE ACQUISITION
Date: 06 May 1995
By Bloomberg News
Bloomberg News
Broderbund Software Inc. said yesterday that it had acquired Banner Blue Software, which markets a line of products called Family Tree Maker that helps families trace their ancestors. The terms of the deal were not disclosed. Banner Blue, a closely held company, has 75 employees and offices in Fremont, Calif., and Provo, Utah. Its products allow families to store video clips and snap shots, organize textual information like names and addresses, and explore a data base of more than 100 million names. Broderbund, based in Novato, Calif., is best known for entertainment software like Myst.
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FMC SUES MOORCO INTERNATIONAL IN HOSTILE BID
Date: 06 May 1995
By Bloomberg News
Bloomberg News
Making its hostile bid for Moorco International Inc. even more hostile, the FMC Corporation sued Moorco, a Houston-based equipment maker, yesterday, the same day it began its $223 million tender offer for Moorco shares. FMC filed a lawsuit against the maker of pressure-release valves and liquid flow meters, contending Moorco and its board breached its fiduciary duty by refusing to negotiate with FMC about its $20-a-share bid. FMC, a Chicago-based company, which owns 100 shares of Moorco, wants the court to force Moorco to negotiate with it. The company also wants the court to stop Houston-based Moorco from carrying out its "poison pill" anti-takeover defense.
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PURCHASE OF A GE CAPITAL COMPUTER UNIT IS SET
Date: 06 May 1995
By Bloomberg News
Bloomberg News
The International Business Machines Corporation agreed yesterday to buy GE Capital's computer maintenance unit. The purchase price was not disclosed, although individuals familiar with the properties estimated that they would sell for $50 million to $100 million. I.B.M. said the purchase would help expand its computer maintenance business. GE Capital Systems Support Services, which is based in Atlanta, employs 1,300. I.B.M. has not determined how many it will keep. GE Capital, the financial services unit of the General Electric Compnay, said the unit up for sale was one of eight technology-management businesses owned by GE Capital. Together, the eight units had $1.2 billion revenue in 1994, a G.E. spokesman said.
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STATE STREET BANK AGREES TO ACQUIRE BAYBANK UNIT
Date: 06 May 1995
By Bloomberg News
Bloomberg News
The State Street Bank and Trust Company agreed yesterday to acquire Baybank Inc.'s $4.4 billion-asset corporate bond trusteeship business consisting of 269 accounts. The terms of the acquisition were not disclosed. State Street is one of the nation's largest corporate bond trustees, paying interest and dividends on more than $210 billion in corporate bonds. State Street handles the paperwork for $1.9 billion in assets and makes investment decisions for another $180 billion in assets. State Street is a unit of the State Street Boston Corporation. Its shares were up $1.25 yesterday, at $33.25, on the New York Stock Exchange while shares in Baybank were up $1.875, at $67, in Nasdaq trading. Both banks are based in Boston.
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H & R BLOCK ELECTRONIC TAX-RETURN FEES OFF SHARPLY
Date: 06 May 1995
By Bloomberg News
Bloomberg News
H & R Block Inc. said yesterday that fees from its electronic tax-return filing program fell 27 percent in the just-ended tax season, reflecting changes in Internal Revenue Service policy. Fees in the program fell to $146.9 million. The number of returns Block filed electronically declined 21 percent, to 5.91 million, according to preliminary data. Volume in Block's tax business in the United States and abroad fell 1.5 percent, to $1.07 billion, in the fiscal year that ended on April 30. Tax-preparation fees rose 4.6 percent, however, to a record $905 million. Shares of the company, based in Kansas City, Mo., were down 62.5 cents yesterday, to $41.375.
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B Sky B Signs Pacts With Cable Operators
Date: 06 May 1995
By Bloomberg News
Bloomberg News
British Sky Broadcasting Group P.L.C., a satellite television company, has signed 10-year contracts with Britain's two largest cable television operators, giving them cheaper access to B Sky B programs and locking them into noncompete clauses on sports programming. Telewest Communications Group P.L.C., which is owned jointly by Tele-Communications Inc. and U S West International, and Nynex Cablecomms Ltd. have signed contracts that allow them to carry B Sky B's nine channels as well as pay-per-view services to be started next year.
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International Briefs; Mannesmann in Black
Date: 06 May 1995
By Bloomberg News
Bloomberg News
Mannesmann A.G., a diversified German engineering company, said yesterday that it had returned to profitability in 1994, with net income of 340 million marks ($248 million), after a loss of 513 million marks the previous year. The company said operating profit rose to 598 million marks in 1994, from a 1993 operating loss of 127 million marks. As previously reported, sales rose 9 percent, to 30.4 billion marks, while new orders rose 20 percent. In a statement, Mannesmann credited its machinery and plant construction, automotive technology and telecommunications divisions with the return to profit.
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International Briefs; Heinz Chief Buys Stake
Date: 06 May 1995
By Bloomberg News
Bloomberg News
Anthony J. F. O'Reilly, the Irish businessman who is chairman of the H. J. Heinz Company in the United States and has newspaper interests in Europe, South Africa and Australia, bought a 28.3 percent stake in the New Zealand newspaper publisher Wilson & Horton Ltd. for $200 million. In 1992, Heinz bought Wattie Foods Ltd., New Zealand's biggest nondairy food producer. The Pittsburgh-based Heinz is 20 percent owned by O'Reilly trusts.
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International Briefs; Canada Plans to Sell Railroad in Big Offering
Date: 06 May 1995
By Bloomberg News
Bloomberg News
The Canadian Government plans to sell its state-owned Canadian National Railway Company for as much as $2 billion (Canadian) this fall in a public offering. The Transport Minister, Douglas Young, said conditions of the sale would include a restriction on individual ownership to 15 percent, maintaining the railroad's headquarters in Montreal and insuring that the company's operations remain bilingual. There will be no restrictions on foreign ownership, Mr. Young said.
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A New Camera From Kodak
Date: 06 May 1995
By Bloomberg News
Bloomberg News
The Eastman Kodak Company is introducing a disposable camera in the United States that uses 20 percent fewer raw materials than the current version, as the company continues its drive to squeeze more profit from its products. The Fun Saver Pocket will reach the shelves of American mass merchandisers by May 14. The cameras began selling in Japan last year and in France earlier this month.
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