The December 7, 1993 was a Tuesday under the star sign of ♐. It was the 340 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 Saturday, December 7, 2024, 290 days ago. Your next birthday is on Sunday, December 7, 2025, in 74 days. You have lived for 11,613 days, or about 278,727 hours, or about 16,723,654 minutes, or about 1,003,419,240 seconds.
7th of December 1993 News
News as it appeared on the front page of the New York Times on December 7, 1993
In America; The 'Squash It!' Campaign
Date: 08 December 1993
By Bob Herbert
Bob Herbert
Dr. Jay Winsten, director of the Center for Health Communication at the Harvard School of Public Health, gave us the media campaign in the 1980's that made the designated driver part of the national culture. A television blitz was the only way to convince many of us that it was not a good idea to spend most of an evening as a reveler swallowing prodigious amounts of booze, and the remainder of it as a semi-coherent, half-blind motorist careening down a highway.
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Fascism on a Pedestal
Date: 07 December 1993
By Andrei Codrescu
Andrei Codrescu
On Oct. 22, exactly one day after Congress granted Romania most-favored-nation trade status, a statue of Ion Antonescu was erected in the town of Slobozia, near Bucharest. General Antonescu, the Fascist dictator during World War II, was responsible for the deaths of at least 250,000 Jews and 20,000 Gypsies.
This is the first statue of a war criminal from Eastern Europe erected since the war. The dedication was attended by Government officials like Mihai Ungheanu, an aide to former President Nicolae Ceausescu and currently Secretary of State for Culture, and Corneliu Vadim Tudor, a member of Parliament who is a vicious anti-Semite. There are plans for other statues of Antonescu in several Romanian cities.
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COMPANY NEWS;
Date: 07 December 1993
By Bloomberg News
Bloomberg News
The Hibernia Corporation agreed yesterday to buy First Continental Bancshares Inc. of Gretna, La., for $63 million in stock. Under the transaction, each share of First Continental will be exchanged for between $12 worth of Hibernia stock. Preferred stock holders of First Continental will receive cash and stock worth $118 a share.
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OLIVETTI THREATENS TEMPORARY LAYOFFS FOR 2,000
Date: 07 December 1993
By Bloomberg News
Bloomberg News
Ing. C. Olivetti & Company, the Italian computer giant, told its unions yesterday that it would temporarily lay off 2,000 workers, or 5 percent of its work force of 40,000, beginning on Jan. 10 unless there was an agreement on staffing by then. Talks between Olivetti and the unions broke down two weeks ago and are scheduled to resume on Dec. 16.
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XEROX SAID TO SETTLE ANTITRUST SUIT
Date: 08 December 1993
By Bloomberg News
Bloomberg News
Plaintiffs' lawyers in a class-action antitrust lawsuit by 25,000 independent service and repair organizations against the Xerox Corporation said yesterday that Xerox had agreed to settle the suit. The Federal suit, filed in Marshall, Tex., in April 1992 with allegations dating back four years, claimed that Xerox suppressed competition in the sales and servicing of its copiers and parts. The plaintiffs' lawyers issued a statement that Xerox had agreed to offer $225 million in certificates good for the purchase of Xerox products. Xerox, of Stamford, Conn., said it would issue a statement today regarding the settlement.
Full Article
CATHAY PACIFIC ORDERS 6 AIRBUS JETS
Date: 08 December 1993
By Bloomberg News
Bloomberg News
Cathay Pacific Airways, Hong Kong's major international airline, said yesterday that it had placed an order with Airbus Industrie for six A340-300 aircraft for $801 million. The long-haul aircraft will be delivered in 1996-97. In the interim Cathay, controlled by the Hong Kong conglomerate Swire Pacific, will lease four A340-200's from Airbus. The six firm orders replace six of the 14 options Cathay had on A330-300 medium-range aircraft from Airbus. The other eight options for A330-300's remain open.
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SAVINGS AND LOAN COMPANIES PLAN $258 MILLION MERGER
Date: 07 December 1993
By Bloomberg News
Bloomberg News
The shares of the Farm and Home Financial Corporation jumped 24 percent yesterday after Roosevelt Financial Group said late on Friday that it would acquire the company for $258 million in stock. Roosevelt Financial, a holding company for savings and loan associations, offered 0.67 share of its stock for each share of Farm and Home, which is also a holding company for savings institutions. In Nasdaq trading, shares of Farm and Home rose $4.875 yesterday, to $25.125, while shares of Roosevelt Financial fell $1.50, to $40.75.
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REYNOLDS METALS MAY CUT JOBS AND TAKE A CHARGE
Date: 08 December 1993
By Bloomberg News
Bloomberg News
The Reynolds Metals Company said yesterday that it might slash jobs at operations around the United States and take 1993 charges of $150 million to $225 million to cover the changes. Reynolds, based in Richmond, said it might cut jobs at fabricating operations in Illinois, Kentucky, California and possibly other sites. The company, the world's third-largest aluminum producer, is headed for a steep loss for the second straight year. Reynolds said the charges would total $2.50 to $3.75 a share.
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MERRILL LYNCH TO BUY BACK ADDITIONAL 15 MILLION SHARES
Date: 07 December 1993
By Bloomberg News
Bloomberg News
Merrill Lynch & Company said yesterday that its board had authorized the repurchase of an additional 15 million shares, or about 7 percent of its stock outstanding. Merrill Lynch, the nation's largest securities firm, can already buy back one million shares. The company, which has 211 million shares outstanding, said it expected to buy shares over several years and use the stock for general purposes including stock-based employee-benefit plans. Shares of Merrill Lynch rose $1.625 yesterday, to $48.125, on the New York Stock Exchange. (Bloomberg Business News)
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GATEWAY 2000'S SHARE OFFERING RAISES $163.5 MILLION
Date: 08 December 1993
By Bloomberg News
Bloomberg News
Gateway 2000, a direct marketer of personal computers based in North Sioux City, S.D., raised $163.5 million yesterday by selling 10.9 million shares at $15 each through an underwriting group led by Goldman, Sachs & Company. Nasdaq trading in the shares begins today. The company's net income for the nine-month period jumped to $68.6 million from $48.6 million, while revenue rose to $1.19 billion from $753.4 million. Gateway has about 71.6 million shares. About 15.2 percent of the company will be publicly held.
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