The October 17, 1994 was a Monday under the star sign of ♎. It was the 289 day of the year. President of the United States was William J. (Bill) Clinton.
If you were born on this day, you are 30 years old. Your last birthday was on the Thursday, October 17, 2024, 355 days ago. Your next birthday is on Friday, October 17, 2025, in 9 days. You have lived for 11,313 days, or about 271,532 hours, or about 16,291,946 minutes, or about 977,516,760 seconds.
17th of October 1994 News
News as it appeared on the front page of the New York Times on October 17, 1994
Cameras in the Simpson Trial
Date: 17 October 1994
Angry over an inaccurate news report about the O. J. Simpson murder case, Judge Lance Ito has suggested that he may not allow cameras at the trial. The law gives the judge broad power to forbid or control courtroom cameras, but it would be most unfortunate for justice if he let his anger decide the issue. This celebrated case, however much glitz has attached to it, needs to be televised. With or without camera coverage of the trial, the Simpson case is plagued by global attention and pretrial publicity that complicates the process of picking an impartial jury. The fame of the accused and the grisly killings of his former wife Nicole and her friend Ronald Goldman make widespread coverage inevitable regardless of how the courtroom action is covered. But even the inaccurate and damaging news stories argue for camera coverage, not against.
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Of Winchell and the Power of Gossip
Date: 18 October 1994
By Michiko Kakutani
Michiko Kakutani
WINCHELL Gossip, Power and the Culture of Celebrity By Neal Gabler 681 pages. Alfred A. Knopf. $30. At the height of Walter Winchell's power in the late 1930's, some 50 million Americans -- roughly two-thirds of the adult population -- either listened to his weekly radio broadcast or read his daily newspaper column. Songs and movies were written about him. Presidents courted him. And politicians, actors and socialites alike all feared him. Although he would die a defeated and largely reviled man, Winchell presided over American mass culture for several decades, a self-appointed arbiter of power and taste, and an eerie harbinger of the culture of celebrity and gossip that would take hold in the country in the years to come.
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Despite a Resurgence in Advertising, Newspaper Stocks Are Languishing
Date: 17 October 1994
By William Glaberson
William Glaberson
With advertising returning to newspapers in most parts of the country, much of the financial news for the American newspaper industry is good. But the stock market does not seem to have noticed. The share prices of most big newspaper companies have remained listless recently.
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Drugs Fail Tests; Shares Plunge
Date: 18 October 1994
By Bloomberg News
Bloomberg News
The shares of two start-up drug companies plunged today after the companies said their most important drugs had flunked human tests. Shares of the Procyte Corporation, based in Kirkland, Wash., fell $6.0625, or 68.3 percent, to close at $2.8125 in Nasdaq trading, after the company said its Iamin drug failed to outperform a placebo in healing diabetic ulcers.
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ITT DELAYS A PLAN FOR A $750 MILLION CASINO
Date: 18 October 1994
By Bloomberg News
Bloomberg News
The ITT Corporation said yesterday that it was delaying plans to build a $750 million theme casino along the Las Vegas Strip. ITT, based in New York, said it was postponing the project, which was announced in May, because it needed time to complete design plans. It did not say how long the project would be delayed. But ITT said it would spend $85 million in the next 18 months to renovate its Sheraton Desert Inn casino and hotel in Las Vegas. The company acquired the 820-room Desert Inn from the financier Kirk Kerkorian for $160 million last fall. The new resort, to be built next to the Desert Inn, will be called the Desert Kingdom.
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KODAK'S STOCK FALLS ON REPORTS OF COST-CUTTING
Date: 18 October 1994
By Bloomberg News
Bloomberg News
The shares of the Eastman Kodak Company fell yesterday in heavy trading for a second day amid reports that the company was falling behind its annual operating plan and would have to slash costs to meet year-end financial goals. The cost cuts were outlined in an internal memo distributed to 20 senior executives. The memo, dated Sept. 20, mandated across-the-board cuts, including accelerated staff reductions, cutbacks in purchasing supplies and a $5 million reduction in spending on research and development. The memo said some new products could be delayed as a result. Kodak's stock closed down $1.375, to $48.125, on trading of 3.5 million shares on the New York Stock Exchange. The shares fell $2 on Friday.
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CONE TO BUY GOLDING'S RAYTEX UNIT FOR $58 MILLION
Date: 18 October 1994
By Bloomberg News
Bloomberg News
The Cone Mills Corporation of Greensboro, N.C., said yesterday that it had agreed in principle to acquire the assets of the Raytex unit of Golding Industries of New York for $58 million. Cone Mills, a maker of denim and home furnishing fabrics, will also assume certain obligations of Golding Raytex. Golding Raytex, with annual sales of $40 million to $45 million, prints wide fabrics used mostly in home furnishings, including comforters and bedspreads.
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JOHN HANCOCK TO BUY TRANSAMERICA MUTUAL FUND UNIT
Date: 18 October 1994
By Bloomberg News
Bloomberg News
John Hancock Mutual Funds agreed yesterday to acquire the mutual fund unit of the Transamerica Corporation for about $100 million. John Hancock Mutual Funds, a wholly owned subsidiary of the John Hancock Mutual Life Insurance Company of Boston, said it wanted to increase its assets under management to $30 billion from about $11.5 billion. Transamerica's mutual fund unit, the Transamerica Fund Management Company, oversees about $3 billion spread among 17 funds. Transamerica, based in San Francisco, said it expected to report a small gain from the sale.
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British Steel in U.S. Deal
Date: 17 October 1994
By Bloomberg News
Bloomberg News
British Steel P.L.C. said last week that it would spend $154 million to build a steel mill in Alabama, creating the company's first wholly owned steelmaking operation outside Britain.
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Samsung's English Plan
Date: 18 October 1994
By Bloomberg News
Bloomberg News
The Samsung Electronics Company, the South Korean electronics maker, said today that it planned to build a plant worth $:450 million ($715 million) in Wynyard in northeast England. The company also has chosen London for its European headquarters. Samsung said the plant would make a range of electronic equipment, beginning with microwave ovens and computer monitors. Ultimately, it will also produce personal computers, fax machines, color display tubes and semiconductors.
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