The September 5, 1995 was a Tuesday under the star sign of ♍. It was the 247 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 Friday, September 5, 2025, 306 days ago. Your next birthday is on Saturday, September 5, 2026, in 58 days. You have lived for 11,264 days, or about 270,347 hours, or about 16,220,820 minutes, or about 973,249,200 seconds.
5th of September 1995 News
News as it appeared on the front page of the New York Times on September 5, 1995
After 7 Weeks, Detroit Newspaper Strike Takes a Violent Turn
Date: 06 September 1995
By James Bennet
James Bennet
With bargaining stalled, the seven-week standoff here between two newspapers and their striking unions has erupted into violence, as police battled pickets who were illegally blockading a printing plant late Saturday and again late Monday. In Monday night's melee, police officers in riot gear fired pepper spray at pickets who pelted them with auto parts and swatted them with their signs. The demonstrators, on strike against The Detroit News and The Detroit Free Press, dispersed about 2 A.M. today, permitting replacement workers to enter and leave the plant.
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OLYMPIA & YORK REORGANIZATION PLAN GETS SUPPORT
Date: 06 September 1995
By Bloomberg News
Bloomberg News
Olympia & York USA, the troubled real estate company, has proposed a reorganization similar to that offered by a group of creditors led by Carena Developments Ltd. Gordon Arnell, president of Carena, which is based in Toronto, said yesterday that under the Carena plan, the group would merge its various interests and claims into a new company and inject $125 million in cash. Olympia & York still faces opposition from a competing group led by its biggest creditor, the financier Leon Black, and New York property developer Jerry Speyer.
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SHONEY'S BID VALUES TPI ENTERPRISES AT $160 MILLION
Date: 06 September 1995
By Bloomberg News
Bloomberg News
Shoney's Inc. said yesterday that it would acquire TPI Enterprises Inc., its largest franchisee, in a transaction valued about $160 million. Shoney's, based in Nashville, said it would exchange 0.28 share for each TPI share and would assume $95 million of TPI debt. Additionally, Shoney's would exchange a warrant for every 3.125 TPI shares. The five-year warrant would allow the holder to acquire Shoney's stock for $21.50 a share. Shoney's shares were up 50 cents yesterday, at $11.625, on the New York Stock Exchange. TPI shares closed at $4.625, down 12.5 cents. TPI, based in West Palm Beach, Fla., operates 188 Shoney's restaurants and 69 Captain D's Seafood restaurants.
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Japanese Stocks Lower
Date: 06 September 1995
By Bloomberg News
Bloomberg News
Stocks traded slightly lower here today. The Nikkei index of 225 issues closed down 173.66 points, or 0.98 percent, at 17,620.38. On Tuesday, the Nikkei rose 45.52 points.
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Late Payments On Mortgages Rise
Date: 06 September 1995
By Bloomberg News
Bloomberg News
The number of homeowners who were late in paying their mortgages rose in the second quarter, while remaining near a 22-year low, the Mortgage Bankers Association of America said in a report today. The mortgage delinquency rate for single-family homes rose to 4.15 percent of total loans outstanding in the second quarter of this year, up from the 22-year low of 3.91 percent in the first quarter.
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F.D.I.C. to Give Banks Refunds
Date: 06 September 1995
By Bloomberg News
Bloomberg News
The Federal Deposit Insurance Corporation said today that banks would receive $1.5 billion in refunds for overpayments on deposit insurance premiums earlier this year. It also scheduled a rate decrease on some new coverage. The F.D.I.C. is required to hold $1.25 in reserve for every $100 in deposits insured before premiums can be lowered. It determined that the fund had reached that level late in May.
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Rhone-Poulenc Gets Rebuff by Fisons
Date: 05 September 1995
By Bloomberg News
Bloomberg News
Fisons P.L.C. today rejected for a second time a $2.6 billion takeover offer from Rhone-Poulenc Rorer Inc., saying that Rhone failed to appreciate its "unrecognized value." Rhone-Poulenc Rorer responded by saying that it had no plans to raise its offer of $:2.40, or $3.67, a share for Fisons, which is Britain's fourth-largest drug maker. Rhone-Poulenc Rorer first made the offer on Aug. 18.
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Hayes Creditors Reach Accord
Date: 05 September 1995
By Bloomberg News
Bloomberg News
The creditors of Hayes Microcomputer Products Inc. have approved a plan giving the company more time to file a reorganization plan, the company saidn last week. Hayes said that the agreement extended the date by which it could file a plan to Oct. 16 from Oct. 2. Additionally, the accord sets Oct. 2 as the goal for the company to obtain $15 million in financing and Oct. 16 for other financing.
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Gates Awaits A Turner Move
Date: 05 September 1995
By Bloomberg News
Bloomberg News
William H. Gates, the chairman of the Microsoft Corporation, said today that talks with Turner Broadcasting System about possible partnerships were on hold because of Turner's merger discussions with Time Warner Inc. "We'll pause to let them get on with it," Mr. Gates said at an information technology conference in Paris.
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Amylin Plans to Sell Stock to Public
Date: 05 September 1995
By Bloomberg News
Bloomberg News
Amylin Pharmaceuticals Inc. has filed a registration statement with the Securities and Exchange Commission to sell 2.5 million shares to the public and about 1.27 million shares to Johnson & Johnson. Amylin, a biotechnology company based here, said on Friday that the proceeds from the sales would be used to finance the last of three human tests of the company's diabetes product, pramlintide.
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