Der 4. Oktober 1994 war ein Dienstag unter dem Sternzeichen ♎. Es war der 276. Tag des Jahres. Präsident der Vereinigten Staaten war William J. (Bill) Clinton.
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4th of October 1994 News
Nachrichten, wie sie auf der Titelseite der New York Times am 4. Oktober 1994 erschienen
Man in the News; New SUNY Chancellor: Thomas Alva Bartlett
Date: 05 October 1994
By Lawrence Van Gelder
Lawrence Gelder
As Thomas A. Bartlett recalls it, "it was a complete bolt out of the blue." There he was, one afternoon early in June, sitting contentedly in the Portland office of the University of Oregon. At 63, retiring after five years as Chancellor of the Oregon state university system, he was looking forward to assuming the mantle of chancellor emeritus, and leading a different sort of life. There was his cattle farm in the foothills of the Cascade Mountains, and some projects connected with international education. Maybe even a book.
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Man in the News: Fernando Henrique Cardoso; Brazil's Big Winner
Date: 05 October 1994
By James Brooke
James Brooke
Hooded, handcuffed and listening to friends' cries under torture, a leftist sociology professor facing interrogation one night 25 years ago thought his life might end at the hands of army intelligence agents. Indeed from 1964 to 1985, the years of Brazil's military dictatorship, he suffered exile, imprisonment, blacklisting and the bombing of his social research group. But today, voting returns and exit polls indicated that Brazilians had elected the professor, Fernando Henrique Cardoso, to be President by the widest popular margin since a retired army general was chosen to lead the nation in 1945.
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Mead to Sell On-Line Unit to Reed Elsevier
Date: 05 October 1994
By Peter H. Lewis
Peter Lewis
The Mead Corporation has reached an agreement to sell its Mead Data Central electronic information division to the British-Dutch publishing giant Reed Elsevier P.L.C., the two companies said last night. The proposed sale, for $1.5 billion, gives Reed Elsevier its first major stake in the emerging world of electronic information services, and allows Mead to return its focus to its core forest-products business. Other bidders for Mead Data Central reportedly included the Thomson Corporation and Times Mirror.
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Simpson Judge Sets Hearing On TV and Radio Coverage
Date: 04 October 1994
By David Margolick
David Margolick
Judge Lance A. Ito has proposed pulling the plug on all television and radio coverage of the O. J. Simpson trial, and has asked Court TV and lawyers for the electronic media to tell him why he should not. Judge Ito, in a terse notice dated Sept. 30, but released only this morning, gave two reasons for his trial balloon: the broadcast -- and re-broadcast -- by a local television station of what he has called false reports about DNA test results incriminating Mr. Simpson in the June 12 slaying of his former wife, Nicole Brown Simpson, and her friend Ronald L. Goldman, and televised film footage showing the faces of prospective jurors.
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Deep Discontent With Cuomo Strengthens Pataki, Poll Shows
Date: 05 October 1994
By Kevin Sack
Kevin Sack
Five weeks before Election Day, Gov. Mario M. Cuomo and his Republican rival, State Senator George E. Pataki, are locked in a tight race because many New Yorkers are so disenchanted with the three-term incumbent that they are willing to support a challenger who remains largely unknown, according to a New York Times/WCBS-TV News Poll. The statewide telephone poll, taken between Sept. 29 and Oct. 2, shows a virtual dead heat, with Mr. Pataki holding a slim lead of 44 percent to 41 percent among registered voters. Twelve percent are undecided. The distance between Mr. Pataki and Mr. Cuomo is within the poll's margin of sampling error of plus or minus three percentage points, meaning that either candidate could actually be ahead.
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GRACE SELLS CHOMERICS FOR $40 MILLION
Date: 04 October 1994
By Bloomberg News
Bloomberg News
W. R. Grace & Company said yesterday that it had sold its Chomerics Inc. unit, which makes radio-frequency shields for electronic equipment, for $40 million in cash to the Parker Hannifin Corporation. Chomerics, based in Woburn, Mass., had $55 million in revenue last year. Grace, based in Boca Raton, Fla., classified Chomerics as a discontinued operation last year. Grace said the transaction increases to $200 million the money generated by the sale of peripheral units this year. The company has said it planned to raise $700 million this year.
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DEWOLFE STOCK SOARS ON SALE OF 20% STAKE
Date: 05 October 1994
By Bloomberg News
Bloomberg News
The stock of the DeWolfe Companies soared yesterday after the company said it had sold stock and warrants representing a 20 percent stake to a group of investors, including H. Wayne Huizenga, former chief executive of the Blockbuster Entertainment Corporation. The other investors include three former directors of Blockbuster: John Melk, chief executive of H2O Plus; Donald F. Flynn, chief executive of Discovery Zone Inc., and A. Clinton Allen 3d, chief executive of A. C. Allen & Company. Shares of DeWolfe rose $1.50, to $5.375, in Nasdaq trading. DeWolfe, based in Lexington, Mass., is a residential real estate company with 1,200 agents in 26 sales offices.
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KODAK OFFERS TO BUY BACK SOME DEBT
Date: 04 October 1994
By Bloomberg News
Bloomberg News
Fulfilling a pledge to reduce its debt load, the Eastman Kodak Company announced a tender offer yesterday to buy back up to $4.8 billion in publicly traded bonds, about three-quarters of its debt. The company, based in Rochester, said it would pay for the bonds with the proceeds from sales of its drug and household products businesses. Kodak said it would begin paying down debt before it completed the asset sales, using proceeds from an interim credit facility. The offer would eliminate up to 76 percent of the $6.3 billion in consolidated debt Kodak reported at the end of the second quarter.
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EUROPEAN AMERICAN BANK ACQUIRES WASCO FUNDING
Date: 05 October 1994
By Bloomberg News
Bloomberg News
European American Bank, a unit of the Dutch bank holding company ABN Amro Holding N.V., said yesterday that it had acquired the Wasco Funding Corporation from the Corestates Financial Corporation of Philadelphia for more than $105 million. Wasco Funding provides lease financing for equipment to small and medium-size businesses. Wasco will become a unit of European American Bank, which operates 86 branches in New York and on Long Island and has assets of $6.3 billion.
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REEBOK'S BOARD AUTHORIZES PLAN TO BUY BACK STOCK
Date: 05 October 1994
By Bloomberg News
Bloomberg News
Reebok International Ltd. said yesterday that its board had authorized the repurchase of as much as $200 million more of its common shares on the open market or in private transactions. The company, which began buying back its stock in 1991, said the authorization was in addition to $200 million of stock buybacks announced in July 1992 and July 1993. Reebok, a maker of footwear and athletic clothing that is based in Stoughton, Mass., said that under those programs, it bought back 11.2 million shares for about $352 million through September, leaving about $248 million for further repurchases. The company has 81.4 million shares outstanding, down from 114 million in 1991. Shares of Reebok rose 50 cents, to $36.50, on the New York Stock Exchange.
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