重播 1996年1月25日星期四

News Corp. And MCI Win Satellite Slot

Date: 26 January 1996

By Edmund L. Andrews

Edmund Andrews

After a brief but spirited bidding war, MCI Communications and Rupert Murdoch's News Corporation agreed today to pay the Federal Government $682 million for the last unclaimed orbital slot for a satellite that can beam television straight to individual homes across the United States. The two companies, which have formed a joint venture to build and operate the system, said they planned to invest another $1 billion and hoped to begin offering both television and a broad range of business communication services within two years.

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Daniel Schorr Wins Top duPont-Columbia Journalism Award

Date: 26 January 1996

By Bill Carter

Bill Carter

Daniel Schorr, the longtime television and radio news correspondent, has won a Gold Baton, the highest honor of the annual Alfred I. duPont-Columbia University Awards for broadcast journalism. In a ceremony last night in Low Memorial Library at Columbia University, Silver Batons were awarded to ABC News and to the public broadcasting series "The American Experience" and "Frontline."

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NEWS SUMMARY

Date: 25 January 1996

International A2-10

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NEWS SUMMARY

Date: 26 January 1996

International A2-8

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COMPANY NEWS;FINGERHUT REPORTS EARNINGS AND CONSIDERS SPINOFFS

Date: 26 January 1996

Bloomberg Business News

Bloomberg News

The Fingerhut Companies said yesterday that it had hired Smith Barney Inc. and Bear, Stearns & Company to provide advice on a possible spinoff of its financial products and information services units. The company's core business is the marketing of consumer products through catalogues and on television. The company, based in Minnetonka, Minn., also reported yesterday that its net income rose to $30.3 million, or 63 cents a share, in the fourth quarter. That compares with net income of $12.7 million in the corresponding period a year earlier, when the company took a one-time after-tax charge of $19.4 million. Analysts surveyed by Zacks Investment Research expected earnings of 67 cents a share for the most recent quarter. (Bloomberg Business News)

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COMPANY NEWS;HIGHWOODS PROPERTIES TO ACQUIRE NASHVILLE DEVELOPER

Date: 26 January 1996

Bloomberg Business News

Bloomberg News

Highwoods Properties Inc. said yesterday that it had agreed to buy Eakin & Smith Inc., an office developer based in Nashville, in a deal valued at $100 million. The transaction gives Highwoods ownership of seven office buildings, with a total of 848,000 square feet, in suburban Nashville; a 103,000-square-foot office building under development; 18 acres of land, and brokerage and property-management operations. The purchase, which is expected to be completed by March 15 and which includes the assumption of $36 million in debt, will give Highwoods about a 6 percent share of Nashville's 17-million-square-foot office market. Highwoods, based in Raleigh, N.C., owns 87 office buildings and 103 industrial properties, mainly in North Carolina. (Bloomberg Business News)

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COMPANY NEWS;NATIONAL SEMICONDUCTOR PREDICTS DROP IN EARNINGS

Date: 26 January 1996

Reuters

The National Semiconductor Corporation predicted yesterday that its earnings for its third quarter would decline because of slower sales of the parts that it makes for analog mobile telephones and personal computers. The company said that sales growth for the quarter, which ends on Feb. 25, will fall short of analysts' expectations and that earnings per share will be lower than a year earlier. According to First Call, analysts had expected the company to earn about 52 cents a share, up from 42 cents a year earlier. The company's shares fell 62.5 cents yesterday, to $17.50, on the New York Stock Exchange. (Reuters)

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COMPANY NEWS;ELECTRONIC ARTS LOWERS EXPECTATIONS FOR 4TH QUARTER

Date: 26 January 1996

Dow Jones

Dow Jones

Shares of Electronic Arts Inc. fell 12.3 percent yesterday on news that the company would delay the release of new sports titles for the Sony Corporation's Playstation video game. Also unnerving investors were cautionary comments from Electronic Arts, a software maker in San Mateo, Calif. In its earnings report for the third quarter, which ended on Dec. 31, the company said that its profit had risen to $29.3 million, from $24.5 million a year earlier. But the company also said it was lowering expectations for the fourth quarter. Keith E. Benjamin, an analyst with Robertson, Stephens & Company, said that hockey and football titles expected this winter will be delayed until next year. The company's shares fell $3.125, to $22.25, in Nasdaq trading. (Dow Jones)

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COMPANY NEWS;FIRSTAR PLANS TO DISMISS 1,400 EMPLOYEES

Date: 25 January 1996

Bloomberg Business News

Bloomberg News

The Firstar Corporation said yesterday that it would dismiss 1,400 workers in the next 17 months to cut its annual operating costs by $110 million. Firstar, a bank company based in Milwaukee, plans to eliminate another 1,100 jobs through attrition, for a total reduction of 2,500. The company plans to have 7,300 workers after the cuts. Firstar plans to take a charge of $31 million, or 42 cents a share, against its earnings in the first quarter for the dismissals and for other costs. Firstar, which has $19.2 billion in assets, has more than 240 branches, in six states. The company made its announcement after the close of trading. Firstar stock had risen $1, to $40.

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COMPANY NEWS;CHARTER BANCSHARES AGREES TO NATIONSBANK MERGER

Date: 26 January 1996

Reuters

Charter Bancshares Inc. said yesterday that its board had signed a definitive agreement to merge with the Nationsbank Corporation in a stock swap valued at $25.795 a share, or about $94.7 million, for the shares that Nationsbank does not already own. Under the agreement, each share of Charter's regular common and class B stock will be exchanged for 0.385 share of Nationsbank common stock. The value of the deal is based on Wednesday's closing price of $67 for Nationsbank's common stock. Before the deal, Nationsbank held 2.7 million shares, or 42 percent, of Charter's common stock. Charter, of Houston, has 21 branches in Houston and had assets of more than $900 million as of Dec. 31. Nationsbank is based in Charlotte, N.C.

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