The April 5, 1995 was a Wednesday under the star sign of ♈. It was the 94 day of the year. President of the United States was William J. (Bill) Clinton.
If you were born on this day, you are 31 years old. Your last birthday was on the Sunday, April 5, 2026, 59 days ago. Your next birthday is on Monday, April 5, 2027, in 305 days. You have lived for 11,382 days, or about 273,186 hours, or about 16,391,170 minutes, or about 983,470,200 seconds.
5th of April 1995 News
News as it appeared on the front page of the New York Times on April 5, 1995
Some News Coverage by the Networks Exceeds That of Newspapers
Date: 06 April 1995
By William Glaberson
William Glaberson
Network television news, long dismissed by critics as superficial, now reports on certain national and international events more thoroughly than do some respected metropolitan newspapers, according to a comprehensive study presented here at the annual meeting of the American Society of Newspaper Editors. The study, by the Freedom Forum Media Studies Center, reached that conclusion, described by the authors as unexpected, after an unusually detailed comparison in January between network news telecasts and three leading newspapers.
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G.O.P. Gets Mixed Reviews From Public Wary on Taxes
Date: 06 April 1995
By Robin Toner
Robin Toner
The public gives decidedly mixed reviews to the Republican Congress's first 100 days and is particularly skeptical about the leaders' ability to deliver both huge tax cuts and a balanced budget, according to the latest New York Times/CBS News Poll. Despite the best efforts of the Republicans to publicize and promote what they call their legislative revolution, the survey suggested that much of the public remained largely disengaged. Only 38 percent said they had read or heard anything about the Contract With America, the Republican policy agenda that has driven the House in these first three months. Forty-seven percent said they were "mostly disappointed" with the first 100 days, compared with 39 percent who said they were pleased. And Mr. Gingrich's personal ratings remain remarkably negative.
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Colombian Press Feels Heat for Linking President to Drug Lords
Date: 05 April 1995
An increasing number of press reports in Colombia linking President Ernesto Samper and former campaign aides with major drug traffickers has put the Government at odds with some members of the local press. On Monday, Mr. Samper's Cabinet issued a statement criticizing the opposition newspaper La Prensa for reports suggesting that Mr. Samper's campaign received donations from members of the Cali drug trafficking ring. The letter was made public after La Prensa published a composite picture of Mr. Samper and the police mug shot of the former Panamanian leader, Gen. Manuel Antonio Noriega.
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INGERSOLL-RAND NOMINATES DIRECTORS FOR CLARK
Date: 05 April 1995
By Bloomberg News
Bloomberg News
The Ingersoll-Rand Company nominated new directors yesterday for the Clark Equipment Company, a day after beginning a hostile $1.34 billion tender offer for Clark, a maker of construction machinery based in South Bend, Ind. Clark elects all seven members of its board at the same time. The votes will be taken at the company's annual meeting on May 9. Ingersoll-Rand, based in Woodcliff Lake, N.J., nominated directors who favored its cash offer of $77 a share in hopes of gaining control of the board and eliminating Clark's "poison pill" takeover defense adopted in 1987. The Clark board said the company was not for sale and filed an antitrust suit to block the Ingersoll-Rand bid.
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CORNERSTONE IMAGING SHARES FALL ON PROFIT OUTLOOK
Date: 06 April 1995
By Bloomberg News
Bloomberg News
Shares of Cornerstone Imaging Inc. plunged 21 percent yesterday as analysts cut earnings estimates for the company because of product delays. Alex Henderson, an analyst for Prudential Securities, said Cornerstone faced production and distribution problems with its Inputaccel image-processing software, which converts documents into electronic images. The company, based in San Jose, Calif., hoped to have the software available for shipments in July. Instead, the product will probably not be available until October, Mr. Henderson said. Shares of Cornerstone fell $3.75, to $14, in Nasdaq trading. Mr. Henderson and analysts at Montgomery Securities and Robertson, Stephens lowered earnings estimates for Cornerstone.
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LESLIE FAY SHAREHOLDERS SUE ACCOUNTING FIRM
Date: 06 April 1995
By Bloomberg News
Bloomberg News
A committee representing shareholders of the Leslie Fay Companies sued BDO Seidman yesterday, accusing the accounting firm of failing to uncover a huge accounting fraud at Leslie Fay. The lawsuit was filed in Federal Bankruptcy Court in Manhattan. Leslie Fay filed for Chapter 11 protection from creditors in April 1993 after revealing that company officials had doctored accounting entries to inflate pretax profits by $81 million from 1990 to 1992. BDO Seidman, the auditor for Leslie Fay until May 1993, called the suit "unjustified and hypocritical." The accounting firm denied allegations of professional negligence and recklessness, saying it had been misled by Leslie Fay employees.
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CINCINNATI BELL TO REPORT A LOSS IN FIRST QUARTER
Date: 05 April 1995
By Bloomberg News
Bloomberg News
Cincinnati Bell Inc. said yesterday that it expected to report a first-quarter loss, after a pretax charge of $70 million to $100 million. Cincinnati Bell, a telecommunications billing and marketing services company based in Cincinnati, said the charge was a result of a larger-than-expected number of employees taking early retirement. Cincinnati Bell Telephone, which provides local phone service for Cincinnati Bell, said in February that it would eliminate about 800 management and hourly positions by 1997. Shares of Cincinnati Bell rose 25 cents, to $21.50, on the New York Stock Exchange yesterday.
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NORTHERN TELECOM AND ERICSSON GET WIRELESS ORDERS
Date: 06 April 1995
By Bloomberg News
Bloomberg News
Northern Telecom Ltd. and LM Ericsson have won contracts worth more than $170 million to supply equipment for new wireless-phone systems. Northern Telecom, part of BCE Inc. of Montreal, received a $100 million, three-year order, announced yesterday, from a unit of the BellSouth Corporation for equipment to set up networks in the Carolinas and eastern Tennessee. Ericsson's Canadian unit will supply more than $70 million worth of equipment to Microcell 1-2-1 Inc. for a field trial across Canada. Microcell is a joint venture of communications companies including Sprint Canada, a unit of the Sprint Corporation based in Westwood, Kan.
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KMART CHIEF BOUGHT STOCK BEFORE LOSING JOB
Date: 06 April 1995
By Bloomberg News
Bloomberg News
Joseph Antonini, the deposed chief executive of the Kmart Corporation, increased his holdings in the company's stock last month, just 18 days before a tide of shareholder criticism forced his resignation. Mr. Antonini, who bore the blame for eight straight quarters of disappointing earnings at the country's second-biggest retailer, bought 20,000 shares on March 3, increasing his holdings to 174,989 shares. "When he purchased those shares, he did so expecting that he would continue in the post," said Shawn Kahle, Kmart's vice president for corporate affairs. Mr. Antonini bought the shares at $12.375; they fell 50 cents yesterday, to $14.50, on the New York Stock Exchange.
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GRACE SAYS EQUIPMENT FALLS SHORT OF U.S. STANDARDS
Date: 05 April 1995
By Bloomberg News
Bloomberg News
W. R. Grace & Company, the specialty chemical and medical company based in Boca Raton, Fla., has acknowledged that its plants in Ireland and New Jersey continue to make kidney-dialysis equipment that falls short of Federal standards. The Food and Drug Administration has extended a 21-month import ban on artificial kidneys and other parts and equipment made by the company's factory in Dublin, the agency said in a March 22 letter to Grace. Grace has been moving to correct the problems, a company spokesman said on Monday. The company will meet with regulators in the next couple of weeks in an effort to settle the dispute, he said.
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