THE MEDIA BUSINESS; Paramount Bid Lifts Time by $44

”All I can say,” said one executive who asked not to be named, ”is that we’re reviewing our options.” ”This is not a tiddlywinks game,” another executive close to the deal remarked. ”It’s very, very complicated and it’s still very early.” As to the possibility of Time trying to take over Paramount, Mr. [Martin S. Davis] said: ”It’s just ludicrous.” He told the analysts that, as he has said before, if anyone made a ”proper” offer for Paramount, which until Monday was known as Gulf and Western, ”we’d consider it.”
best foreign exchange deals

COLE, ROBERT J.

Full text: [New York Times] Jun 8, 1989

forex signals

THE MEDIA BUSINESS; Time’s Staff Is Glum; Stock Price Is Salve

”This magazine has a strong and proud tradition of editorial independence,” he said. ”I don’t know how a buyout will be structured, but I am convinced we will remain independent.” Some Concern ”The ultimate outcome of this kind of war for a company’s assets is the destruction of the company,” Mr. [Henry Muller] said. ”The very prospect of that shocks me.” Employees Gloomy ”[Jason McManus] kept saying that none of us was in it for the money,” said another journalist. ”He said we were here because we cared about what we produced. Now there is a feeling in the halls that the people at the top are just going to line their pockets. The conversation is that a hostile raid serves them right. People don’t think there is much difference between Warner and Paramount.”
abbot foreign exchange

SCARDINO, ALBERT

Full text: [New York Times] Jun 8, 1989

forex signals

COMPANY NEWS; Lin Shares Soar $26; Higher Bid Anticipated

”As an equity investor in Lin for some two years, we have become increasingly knowledgeable about its management capabilities and its market position,” Craig O. McCaw, McCaw’s chairman and chief executive, said in a statement. ”Given the regional geographic and operational nature of the cellular business, the logic of combining our two companies is compelling,” he said. ”For that reason, we are willing to offer the highest price per pop in the history of our industry.” Whether [Lin] is ultimately acquired by McCaw, which is based in Kirkland, Wash., or by another buyer, the bid appears to have established a new benchmark for the telecommunications industry, said Kenneth Leon, an analyst with Bear, Stearns & Company. ”The stock market had valued the whole industry below what the McCaw-Lin deal is worth,” he said.
singapore foreign exchange rate

LAWRENCE M. FISHER, Special to The New York Times

Full text: [New York Times] Jun 8, 1989

forex signals

Stock-Buying Frenzy Over 3 Media Firms

Three of the nation’s best-known communications companies were thrust into the center of a Wall Street feeding frenzy yesterday as traders stocked up on millions of shares of Time Inc., Warner Communications and Paramount Communications Inc. in hopes of cashing in on what could be a free-for-all race to build a global communications giant. The ball started rolling Tuesday night when Martin Davis, Paramount’s chief executive, launched a surprise $175-a-share, all-cash bid for Time Inc. Time officials would not comment on their next move beyond the firm’s statement Tuesday that its board will consider the offer. But speculation that Time would launch an offensive bid against Paramount — the so-called “Pac-Man” defense — or use its $5-billion war chest to buy Warner, pushed the shares of the three companies up in very heavy trading. (excerpt)
foreign exchange student programs

Dutt, Jill
Sanger, Elizabeth
Selvin, Barbara W.

Full text: [Newsday] Jun 08, 1989

forex signals

FINANCIAL MARKETS Dow Gains 16; Interest Rates, Big Bids Cited

Stock prices rebounded in slow trading on the Tokyo Stock Exchange Wednesday after four losing sessions shadowed by the turmoil in China. The Nikkei 225-share average gained 174.88 points to close at 33,626.89 yen. The Financial Times 100-share index gained for the second straight day after five days of losses prompted mainly by fears that sterling’s weakness would force another rise in British interest rates. The 100-share index closed 10.5 points higher at 2,117.9. Commodities Copper futures prices rose sharply on New York’s Commodity Exchange on speculation that labor contract negotiations at major U.S. copper producers will be accompanied by strikes. [John O'Connell] said the rise in copper prices also could be attributed partly to a comeback from a selloff spurred by the turmoil in China. The nation is a big copper importer and traders reacted to the upheaval there with a big selloff Tuesday due to speculation the troubles would disrupt commerce and industry there. Credit Bond prices staged another broad advance, pushing interest rates lower amid optimism that U.S. interest rates have peaked.
safe china foreign exchange

Full text: [Los Angeles Times (pre-1997 Fulltext)] Jun 8, 1989

forex signals

Singapore Girl Jilted: Brokers Flee SIA After Disappointing

Compared with other international carriers, Singapore International Airlines (SIA) suffers from one of the worst share ratings, even though it probably has the strongest balance sheet and highest quality earnings. SIA posted a 64% growth in net profit to S$985 million (US$504 million) in the year ending in March 31, 1989, which was slightly below market forecasts. The stock market’s response was to reduce the price of SIA shares on the local (as against the foreign-owned) registry. SIA local stock now trades at 8.6 times historic earnings, compared with the Singapore market’s average 23 times rating. Its poor rating is attributed to the stock being an international rather than a purely Singapore play, making the shares graded by the criteria of international airlines. Still, SIA posted a pretax profit larger than British Airways.
www.foreign exchange rates

Marchand, Christopher

Full text: [Far Eastern Economic Review] Jun 8, 1989

forex signals

McCaw Offer for LIN Buoys Cellular Stocks

McCaw Cellular Communications Inc’s $6-billion bid for LIN Broadcasting Corp, considered the “blue chip” of the cellular phone business, sends the stock prices of other cellular phone companies soaring amid expectations that counter-bids will be made.
www.foreign exchange.com

Winter, Christine

Full text: [Chicago Tribune] Jun 8, 1989

forex signals

McCaw offer for LIN buoys cellular stocks

Stock prices on cellular companies soared Wednesday in response to the $5.85 billion bid for LIN Broadcasting Corp. by McCaw Cellular Communications Inc. Wall Street analysts were waiting to see if any of the Bell companies, all major players in the cellular phone business, and capable of financing such a deal, would jump into the bidding. Others have speculated that Chicago-based Centel Corp. might also be interested in New York-based LIN. But the LIN transaction so far exceeded analyst estimates of the worth of its cellular properties that the bid led to a wholesale reassessment upwards of the stock of other cellular companies.
foreign exchange controls south africa

Christine Winter.

Full text: [Chicago Tribune (pre-1997 Fulltext)] Jun 8, 1989

forex signals

Communications takeover derby paces stock gain

Stock prices gained ground for the second straight day Wednesday in a hectic session energized by two enormous takeover bids in the communications industry. The Dow Jones average of 30 industrials climbed 16.00, to 2512.32, on top of Tuesday’s 15.62-point rise. Advancing issues outnumbered decliners by about 9 to 5 on the New York Stock Exchange, as volume swelled to 213.71 million shares from 187.57 million Tuesday. “It’s hard not to be bullish,” said Travelers Investment Management senior trader Susan Del Signore. “There’s good action in several stocks.” The bond market also showed strength, with prices generally rising.
what is foreign exchange exposure

Chicago Tribune wires.

Full text: [Chicago Tribune (pre-1997 Fulltext)] Jun 8, 1989

forex signals

Time Inc. stock price soars on takeover bid

Time jumped $44 to $170 a share in consolidated New York Stock Exchange trading. After a delayed opening, Warner rose $1.75 to close at $53.50 a share and Paramount rose 75 cents to $54.75 a share. Warner, Paramount and Time, in that order, were the three most actively-traded issues on the NYSE. Other options include the appearance of yet another party, an agreement to sell some Time assets to Paramount in exchange for dropping the bid or Time’s exercise of any of several takeover defenses. The defenses include a “poison pill” that would make stock available to its shareholders at a bargain rate, making a hostile takeover more expensive.
foreign exchange control in india

Full text: [Chicago Sun - Times] Jun 8, 1989

forex signals

Stock, Bond Prices Show Slight Rise — Markets Await Data On Producer Prices; Dollar Trades Mixed

Stock and bond prices inched higher and the dollar was mixed ahead of an important inflation barometer to be released this morning. The Dow Jones Industrial Average gained 4.59 to 2516.91 in heavy trading. The industrial average closed less than a point from its post-crash high, set last Friday. Long-term bond prices were up a quarter of a point, or $2.50 for each $1,000 of face amount. The dollar rose against the yen but was slightly lower against the mark. Analysts said the stock-market action reflected a considerable cooling of the takeover fever that triggered a burst of speculative trading Wednesday. With stock prices on the verge of setting another post-crash high, takeover targets aren’t as easily identified as they were several months ago when prices were much lower.
american express foreign exchange fees

By Douglas R. Sease

Full text: [Wall Street Journal] Jun 9, 1989

forex signals

Di Giorgio Directors Are Told of Proposal To Acquire Company

Investor Arthur M. Goldberg told Di Giorgio Corp. directors he would like to buy the San Francisco food wholesaler and building-products maker for $30 a share. Disclosure of his proposal boosted Di Giorgio’s stock price $3, and the shares closed at $30.75 in composite trading on the New York Stock Exchange yesterday.
barclays bank foreign currency exchange rates

Full text: [Wall Street Journal] Jun 9, 1989

forex signals

Toronto stock prices dip in wake of U.S. report

Many losers this morning were among stocks that rose earlier in the week. Rogers B dropped $2 to $117, BCE Mobile $1 to $36.88, Weston $1.13 to $42.38, with losses of small fractions for BCE, Northern Telecom, Noranda and Scotiabank. Bank of Commerce rose 50 cents to $31.63, Interhome $1 to $49, Nowsco 63 cents to $14.75, Thomson Corp. 25 cents to $19.63, Arbor A 88 cents to $8.38. Gold shares weakened along with the price of the metal. Dumagami fell 38 cents to $13.38, Placer 25 cents to $15.75, Hemlo 38 cents to $14, Skyline 40 cents to $4.85, Consolidated TVX 25 cents to $6.88.
foreign currency exchange in las vegas

Full text: [Toronto Star] Jun 9, 1989

forex signals

Producer figure affects markets

Nevertheless, some observers said they were impressed with the market’s relatively calm reaction to the news. Earlier this year, unexpected jumps in the producer price touched off sharp declines in stock prices.
foreign exchange policy of india

Full text: [The Vancouver Sun] Jun 9, 1989

forex signals

Archer makes history on VSE

VSE officials, concerned about the trading activity and price volatility, have eliminated margin privileges. That means that investors can no longer use Archer shares as collateral to buy more shares, a form of pyramiding which creates upward pressure on stock prices.
korean foreign exchange bank

Full text: [The Vancouver Sun] Jun 9, 1989

forex signals

Stock prices continue to churn ahead

The Toronto Stock Exchange composite 300 index added 20.3 points in heavy trading to close at 3806.03 – the first time it’s crossed the 3800-level since Oct. 8 1987. On the Montreal Exchange, the portfolio index gained 12.46 to 1941.57. As well, the New York utilities and transportation indexes, considered leading indicators by technicians, are hitting all-time highs, he said, and the number of stocks reaching new 52-week highs is also growing. The advance-decline ratio, the difference between the number of gaining issues and the number declining, has reached the highest level since February 1988.
bank of thailand foreign exchange

Full text: [The Gazette] Jun 9, 1989

forex signals

Stocks Up as Dow Gains 4.59

Stock prices rose narrowly on Jun 8, 1989 to close at 2,516.91.
how do foreign exchange traders make money

Wiggins, Phillip H

Full text: [New York Times] Jun 9, 1989

forex signals

Stocks Up As Dow Gains 4.59

”High volume and takeover speculation are helping the stock market,” said Rao Chalasani, chief investment strategist at Prescott, Ball & Turben in Cleveland. ”The market seems to be digesting its recent gains.” Yesterday the merger-related trend continued with Pennzoil selling its 8 percent stake in biBurlington Resources. Pennzoil rose 4 5/8, to 85 5/8, but Burlington fell 2, to 44 3/8, while being by far the most actively traded issue on a volume of 17.3 mllion shares. USX rose 1 1/4, to 37, on speculation that Pennzoil might use the money from the sale to buy an interest in USX.
foreign currency exchange cincinnati

WIGGINS, PHILLIP H.

Full text: [New York Times] Jun 9, 1989

forex signals

Company News; Avon Up on Talk Of Japanese Offer

A spokesman in New York for Shiseido, also a cosmetics company, were unavailable for comment. Avon declined to comment. Last month, the company rejected a $39-a-share takeover offer from Amway Inc., which subsequently withdrew its bid. Later in May, John P.
marks and spencer foreign currency exchange

Reuters

Full text: [New York Times] Jun 9, 1989

forex signals

Company News; Wall St. Rumors Spur Kodak Stock

Amid rumors of a possible takeover bid or a restructuring, the stock price of the Eastman Kodak Company reached a new 52-week high yesterday. Kodak advanced 37.5 cents a share, to $50.875, on the New York Stock Exchange after going as high as $52.375 early in the trading session. It jumped $3.25 on Wednesday.
become a foreign exchange students

Reuters

Full text: [New York Times] Jun 9, 1989

forex signals