20001001@unknown@formal@none@1@S@Pierre Vinken, 61 years old, will join the board as a nonexecutive director Nov. 29.@@@@1@15@@oe@2-2-2013
20001002@unknown@formal@none@1@S@Mr. Vinken is chairman of Elsevier N.V., the Dutch publishing group.@@@@1@11@@oe@2-2-2013
20002001@unknown@formal@none@1@S@Rudolph Agnew, 55 years old and former chairman of Consolidated Gold Fields PLC, was named a nonexecutive director of this British industrial conglomerate.@@@@1@23@@oe@2-2-2013
20003001@unknown@formal@none@1@S@A form of asbestos once used to make Kent cigarette filters has caused a high percentage of cancer deaths among a group of workers exposed to it more than 30 years ago, researchers reported.@@@@1@34@@oe@2-2-2013
20003002@unknown@formal@none@1@S@The asbestos fiber, crocidolite, is unusually resilient once it enters the lungs, with even brief exposures to it causing symptoms that show up decades later, researchers said.@@@@1@27@@oe@2-2-2013
20003003@unknown@formal@none@1@S@Lorillard Inc., the unit of New York-based Loews Corp. that makes Kent cigarettes, stopped using crocidolite in its Micronite cigarette filters in 1956.@@@@1@23@@oe@2-2-2013
20003004@unknown@formal@none@1@S@Although preliminary findings were reported more than a year ago, the latest results appear in today's New England Journal of Medicine, a forum likely to bring new attention to the problem.@@@@1@31@@oe@2-2-2013
20003005@unknown@formal@none@1@S@A Lorillard spokewoman said, "This is an old story.@@@@1@9@@oe@2-2-2013
20003006@unknown@formal@none@1@S@We're talking about years ago before anyone heard of asbestos having any questionable properties.@@@@1@14@@oe@2-2-2013
20003007@unknown@formal@none@1@S@There is no asbestos in our products now."@@@@1@8@@oe@2-2-2013
20003008@unknown@formal@none@1@S@Neither Lorillard nor the researchers who studied the workers were aware of any research on smokers of the Kent cigarettes.@@@@1@20@@oe@2-2-2013
20003009@unknown@formal@none@1@S@"We have no useful information on whether users are at risk," said James A. Talcott of Boston's Dana-Farber Cancer Institute.@@@@1@20@@oe@2-2-2013
20003010@unknown@formal@none@1@S@Dr. Talcott led a team of researchers from the National Cancer Institute and the medical schools of Harvard University and Boston University.@@@@1@22@@oe@2-2-2013
20003011@unknown@formal@none@1@S@The Lorillard spokeswoman said asbestos was used in "very modest amounts" in making paper for the filters in the early 1950s and replaced with a different type of filter in 1956.@@@@1@31@@oe@2-2-2013
20003012@unknown@formal@none@1@S@From 1953 to 1955, 9.8 billion Kent cigarettes with the filters were sold, the company said.@@@@1@16@@oe@2-2-2013
20003013@unknown@formal@none@1@S@Among 33 men who worked closely with the substance, 28 have died -- more than three times the expected number.@@@@1@20@@oe@2-2-2013
20003014@unknown@formal@none@1@S@Four of the five surviving workers have asbestos-related diseases, including three with recently diagnosed cancer.@@@@1@15@@oe@2-2-2013
20003015@unknown@formal@none@1@S@The total of 18 deaths from malignant mesothelioma, lung cancer and asbestosis was far higher than expected, the researchers said.@@@@1@20@@oe@2-2-2013
20003016@unknown@formal@none@1@S@"The morbidity rate is a striking finding among those of us who study asbestos-related diseases," said Dr. Talcott.@@@@1@18@@oe@2-2-2013
20003017@unknown@formal@none@1@S@The percentage of lung cancer deaths among the workers at the West Groton, Mass., paper factory appears to be the highest for any asbestos workers studied in Western industrialized countries, he said.@@@@1@32@@oe@2-2-2013
20003018@unknown@formal@none@1@S@The plant, which is owned by Hollingsworth & Vose Co., was under contract with Lorillard to make the cigarette filters.@@@@1@20@@oe@2-2-2013
20003019@unknown@formal@none@1@S@The finding probably will support those who argue that the U.S. should regulate the class of asbestos including crocidolite more stringently than the common kind of asbestos, chrysotile, found in most schools and other buildings, Dr. Talcott said.@@@@1@38@@oe@2-2-2013
20003020@unknown@formal@none@1@S@The U.S. is one of the few industrialized nations that doesn't have a higher standard of regulation for the smooth, needle-like fibers such as crocidolite that are classified as amphobiles, according to Brooke T. Mossman, a professor of pathlogy at the University of Vermont College of Medicine.@@@@1@47@@oe@2-2-2013
20003021@unknown@formal@none@1@S@More common chrysotile fibers are curly and are more easily rejected by the body, Dr. Mossman explained.@@@@1@17@@oe@2-2-2013
20003022@unknown@formal@none@1@S@In July, the Environmental Protection Agency imposed a gradual ban on virtually all uses of asbestos.@@@@1@16@@oe@2-2-2013
20003023@unknown@formal@none@1@S@By 1997, almost all remaining uses of cancer-causing asbestos will be outlawed.@@@@1@12@@oe@2-2-2013
20003024@unknown@formal@none@1@S@About 160 workers at a factory that made paper for the Kent filters were exposed to asbestos in the 1950s.@@@@1@20@@oe@2-2-2013
20003025@unknown@formal@none@1@S@Areas of the factory were particularly dusty where the crocidolite was used.@@@@1@12@@oe@2-2-2013
20003026@unknown@formal@none@1@S@Workers dumped large burlap sacks of the imported material into a huge bin, poured in cotton and acetate fibers and mechanically mixed the dry fibers in a process used to make filters.@@@@1@32@@oe@2-2-2013
20003027@unknown@formal@none@1@S@Workers described "clouds of blue dust" that hung over parts of the factory, even though exhaust fans ventilated the area.@@@@1@20@@oe@2-2-2013
20003028@unknown@formal@none@1@S@"There's no question that some of those workers and managers contracted asbestos-related diseases," said Darrell Phillips, vice president of human resources for Hollingsworth & Vose.@@@@1@25@@oe@2-2-2013
20003029@unknown@formal@none@1@S@"But you have to recognize that these events took place 35 years ago.@@@@1@13@@oe@2-2-2013
20003030@unknown@formal@none@1@S@It has no bearing on our work force today.@@@@1@9@@oe@2-2-2013
20004001@unknown@formal@none@1@S@Yields on money-market mutual funds continued to slide, amid signs that portfolio managers expect further declines in interest rates.@@@@1@19@@oe@2-2-2013
20004002@unknown@formal@none@1@S@The average seven-day compound yield of the 400 taxable funds tracked by IBC's Money Fund Report eased a fraction of a percentage point to 8.45% from 8.47% for the week ended Tuesday.@@@@1@32@@oe@2-2-2013
20004003@unknown@formal@none@1@S@Compound yields assume reinvestment of dividends and that the current yield continues for a year.@@@@1@15@@oe@2-2-2013
20004004@unknown@formal@none@1@S@Average maturity of the funds' investments lengthened by a day to 41 days, the longest since early August, according to Donoghue's.@@@@1@21@@oe@2-2-2013
20004005@unknown@formal@none@1@S@Longer maturities are thought to indicate declining interest rates because they permit portfolio managers to retain relatively higher rates for a longer period.@@@@1@23@@oe@2-2-2013
20004006@unknown@formal@none@1@S@Shorter maturities are considered a sign of rising rates because portfolio managers can capture higher rates sooner.@@@@1@17@@oe@2-2-2013
20004007@unknown@formal@none@1@S@The average maturity for funds open only to institutions, considered by some to be a stronger indicator because those managers watch the market closely, reached a high point for the year -- 33 days.@@@@1@34@@oe@2-2-2013
20004008@unknown@formal@none@1@S@Nevertheless, said Brenda Malizia Negus, editor of Money Fund Report, yields "may blip up again before they blip down" because of recent rises in short-term interest rates.@@@@1@27@@oe@2-2-2013
20004009@unknown@formal@none@1@S@The yield on six-month Treasury bills sold at Monday's auction, for example, rose to 8.04% from 7.90%.@@@@1@17@@oe@2-2-2013
20004010@unknown@formal@none@1@S@Despite recent declines in yields, investors continue to pour cash into money funds.@@@@1@13@@oe@2-2-2013
20004011@unknown@formal@none@1@S@Assets of the 400 taxable funds grew by $1.5 billion during the latest week, to $352.7 billion.@@@@1@17@@oe@2-2-2013
20004012@unknown@formal@none@1@S@Typically, money-fund yields beat comparable short-term investments because portfolio managers can vary maturities and go after the highest rates.@@@@1@19@@oe@2-2-2013
20004013@unknown@formal@none@1@S@The top money funds are currently yielding well over 9%.@@@@1@10@@oe@2-2-2013
20004014@unknown@formal@none@1@S@Dreyfus World-Wide Dollar, the top-yielding fund, had a seven-day compound yield of 9.37% during the latest week, down from 9.45% a week earlier.@@@@1@23@@oe@2-2-2013
20004015@unknown@formal@none@1@S@It invests heavily in dollar-denominated securities overseas and is currently waiving management fees, which boosts its yield.@@@@1@17@@oe@2-2-2013
20004016@unknown@formal@none@1@S@The average seven-day simple yield of the 400 funds was 8.12%, down from 8.14%.@@@@1@14@@oe@2-2-2013
20004017@unknown@formal@none@1@S@The 30-day simple yield fell to an average 8.19% from 8.22%; the 30-day compound yield slid to an average 8.53% from 8.56%.@@@@1@22@@oe@2-2-2013
20005001@unknown@formal@none@1@S@J.P. Bolduc, vice chairman of W.R. Grace & Co., which holds a 83.4% interest in this energy-services company, was elected a director.@@@@1@22@@oe@2-2-2013
20005002@unknown@formal@none@1@S@He succeeds Terrence D. Daniels, formerly a W.R. Grace vice chairman, who resigned.@@@@1@13@@oe@2-2-2013
20005003@unknown@formal@none@1@S@W.R. Grace holds three of Grace Energy's seven board seats.@@@@1@10@@oe@2-2-2013
20006001@unknown@formal@none@1@S@Pacific First Financial Corp. said shareholders approved its acquisition by Royal Trustco Ltd. of Toronto for $27 a share, or $212 million.@@@@1@22@@oe@2-2-2013
20006002@unknown@formal@none@1@S@The thrift holding company said it expects to obtain regulatory approval and complete the transaction by year-end.@@@@1@17@@oe@2-2-2013
20007001@unknown@formal@none@1@S@McDermott International Inc. said its Babcock & Wilcox unit completed the sale of its Bailey Controls Operations to Finmeccanica S.p.A. for $295 million.@@@@1@23@@oe@2-2-2013
20007002@unknown@formal@none@1@S@Finmeccanica is an Italian state-owned holding company with interests in the mechanical engineering industry.@@@@1@14@@oe@2-2-2013
20007003@unknown@formal@none@1@S@Bailey Controls, based in Wickliffe, Ohio, makes computerized industrial controls systems.@@@@1@11@@oe@2-2-2013
20007004@unknown@formal@none@1@S@It employs 2,700 people and has annual revenue of about $370 million.@@@@1@12@@oe@2-2-2013
20008001@unknown@formal@none@1@S@The federal government suspended sales of U.S. savings bonds because Congress hasn't lifted the ceiling on government debt.@@@@1@18@@oe@2-2-2013
20008002@unknown@formal@none@1@S@Until Congress acts, the government hasn't any authority to issue new debt obligations of any kind, the Treasury said.@@@@1@19@@oe@2-2-2013
20008003@unknown@formal@none@1@S@The government's borrowing authority dropped at midnight Tuesday to $2.80 trillion from $2.87 trillion.@@@@1@14@@oe@2-2-2013
20008004@unknown@formal@none@1@S@Legislation to lift the debt ceiling is ensnarled in the fight over cutting capital-gains taxes.@@@@1@15@@oe@2-2-2013
20008005@unknown@formal@none@1@S@The House has voted to raise the ceiling to $3.1 trillion, but the Senate isn't expected to act until next week at the earliest.@@@@1@24@@oe@2-2-2013
20008006@unknown@formal@none@1@S@The Treasury said the U.S. will default on Nov. 9 if Congress doesn't act by then.@@@@1@16@@oe@2-2-2013
20009001@unknown@formal@none@1@S@Clark J. Vitulli was named senior vice president and general manager of this U.S. sales and marketing arm of Japanese auto maker Mazda Motor Corp.@@@@1@25@@oe@2-2-2013
20009002@unknown@formal@none@1@S@In the new position he will oversee Mazda's U.S. sales, service, parts and marketing operations.@@@@1@15@@oe@2-2-2013
20009003@unknown@formal@none@1@S@Previously, Mr. Vitulli, 43 years old, was general marketing manager of Chrysler Corp.'s Chrysler division.@@@@1@15@@oe@2-2-2013
20009004@unknown@formal@none@1@S@He had been a sales and marketing executive with Chrysler for 20 years.@@@@1@13@@oe@2-2-2013
20010001@unknown@formal@none@1@S@When it's time for their biannual powwow, the nation's manufacturing titans typically jet off to the sunny confines of resort towns like Boca Raton and Hot Springs.@@@@1@27@@oe@2-2-2013
20010002@unknown@formal@none@1@S@Not this year.@@@@1@3@@oe@2-2-2013
20010003@unknown@formal@none@1@S@The National Association of Manufacturers settled on the Hoosier capital of Indianapolis for its fall board meeting.@@@@1@17@@oe@2-2-2013
20010004@unknown@formal@none@1@S@And the city decided to treat its guests more like royalty or rock stars than factory owners.@@@@1@17@@oe@2-2-2013
20010005@unknown@formal@none@1@S@The idea, of course: to prove to 125 corporate decision makers that the buckle on the Rust Belt isn't so rusty after all, that it's a good place for a company to expand.@@@@1@33@@oe@2-2-2013
20010006@unknown@formal@none@1@S@On the receiving end of the message were officials from giants like Du Pont and Maytag, along with lesser knowns like Trojan Steel and the Valley Queen Cheese Factory.@@@@1@29@@oe@2-2-2013
20010007@unknown@formal@none@1@S@For starters, the executives joined Mayor William H. Hudnut III for an evening of the Indianapolis Symphony Orchestra and a guest pianist-comedian Victor Borge.@@@@1@24@@oe@2-2-2013
20010008@unknown@formal@none@1@S@Champagne and dessert followed.@@@@1@4@@oe@2-2-2013
20010009@unknown@formal@none@1@S@The next morning, with a police escort, busloads of executives and their wives raced to the Indianapolis Motor Speedway, unimpeded by traffic or red lights.@@@@1@25@@oe@2-2-2013
20010010@unknown@formal@none@1@S@The governor couldn't make it, so the lieutenant governor welcomed the special guests.@@@@1@13@@oe@2-2-2013
20010011@unknown@formal@none@1@S@A buffet breakfast was held in the museum, where food and drinks are banned to everyday visitors.@@@@1@17@@oe@2-2-2013
20010012@unknown@formal@none@1@S@Then, in the guests' honor, the speedway hauled out four drivers, crews and even the official Indianapolis 500 announcer for a 10-lap exhibition race.@@@@1@24@@oe@2-2-2013
20010013@unknown@formal@none@1@S@After the race, Fortune 500 executives drooled like schoolboys over the cars and drivers.@@@@1@14@@oe@2-2-2013
20010014@unknown@formal@none@1@S@No dummies, the drivers pointed out they still had space on their machines for another sponsor's name or two.@@@@1@19@@oe@2-2-2013
20010015@unknown@formal@none@1@S@Back downtown, the execs squeezed in a few meetings at the hotel before boarding the buses again.@@@@1@17@@oe@2-2-2013
20010016@unknown@formal@none@1@S@This time, it was for dinner and dancing -- a block away.@@@@1@12@@oe@2-2-2013
20010017@unknown@formal@none@1@S@Under the stars and moons of the renovated Indiana Roof ballroom, nine of the hottest chefs in town fed them Indiana duckling mousseline, lobster consomme, veal mignon and chocolate terrine with a raspberry sauce.@@@@1@34@@oe@2-2-2013
20010018@unknown@formal@none@1@S@Knowing a tasty -- and free -- meal when they eat one, the executives gave the chefs a standing ovation.@@@@1@20@@oe@2-2-2013
20010019@unknown@formal@none@1@S@More than a few CEOs say the red-carpet treatment tempts them to return to a heartland city for future meetings.@@@@1@20@@oe@2-2-2013
20010020@unknown@formal@none@1@S@But for now, they're looking forward to their winter meeting -- Boca in February.@@@@1@14@@oe@2-2-2013
20011001@unknown@formal@none@1@S@South Korea registered a trade deficit of $101 million in October, reflecting the country's economic sluggishness, according to government figures released Wednesday.@@@@1@22@@oe@2-2-2013
20011002@unknown@formal@none@1@S@Preliminary tallies by the Trade and Industry Ministry showed another trade deficit in October, the fifth monthly setback this year, casting a cloud on South Korea's export-oriented economy.@@@@1@28@@oe@2-2-2013
20011003@unknown@formal@none@1@S@Exports in October stood at $5.29 billion, a mere 0.7% increase from a year earlier, while imports increased sharply to $5.39 billion, up 20% from last October.@@@@1@27@@oe@2-2-2013
20011004@unknown@formal@none@1@S@South Korea's economic boom, which began in 1986, stopped this year because of prolonged labor disputes, trade conflicts and sluggish exports.@@@@1@21@@oe@2-2-2013
20011005@unknown@formal@none@1@S@Government officials said exports at the end of the year would remain under a government target of $68 billion.@@@@1@19@@oe@2-2-2013
20011006@unknown@formal@none@1@S@Despite the gloomy forecast, South Korea has recorded a trade surplus of $71 million so far this year.@@@@1@18@@oe@2-2-2013
20011007@unknown@formal@none@1@S@From January to October, the nation's accumulated exports increased 4% from the same period last year to $50.45 billion.@@@@1@19@@oe@2-2-2013
20011008@unknown@formal@none@1@S@Imports were at $50.38 billion, up 19%.@@@@1@7@@oe@2-2-2013
20012001@unknown@formal@none@1@S@Newsweek, trying to keep pace with rival Time magazine, announced new advertising rates for 1990 and said it will introduce a new incentive plan for advertisers.@@@@1@26@@oe@2-2-2013
20012002@unknown@formal@none@1@S@The new ad plan from Newsweek, a unit of the Washington Post Co., is the second incentive plan the magazine has offered advertisers in three years.@@@@1@26@@oe@2-2-2013
20012003@unknown@formal@none@1@S@Plans that give advertisers discounts for maintaining or increasing ad spending have become permanent fixtures at the news weeklies and underscore the fierce competition between Newsweek, Time Warner Inc.'s Time magazine, and Mortimer B. Zuckerman's U.S. News & World Report.@@@@1@40@@oe@2-2-2013
20012004@unknown@formal@none@1@S@Alan Spoon, recently named Newsweek president, said Newsweek's ad rates would increase 5% in January.@@@@1@15@@oe@2-2-2013
20012005@unknown@formal@none@1@S@A full, four-color page in Newsweek will cost $100,980.@@@@1@9@@oe@2-2-2013
20012006@unknown@formal@none@1@S@In mid-October, Time magazine lowered its guaranteed circulation rate base for 1990 while not increasing ad page rates; with a lower circulation base, Time's ad rate will be effectively 7.5% higher per subscriber; a full page in Time costs about $120,000.@@@@1@41@@oe@2-2-2013
20012007@unknown@formal@none@1@S@U.S. News has yet to announce its 1990 ad rates.@@@@1@10@@oe@2-2-2013
20012008@unknown@formal@none@1@S@Newsweek said it will introduce the Circulation Credit Plan, which awards space credits to advertisers on "renewal advertising."@@@@1@18@@oe@2-2-2013
20012009@unknown@formal@none@1@S@The magazine will reward with "page bonuses" advertisers who in 1990 meet or exceed their 1989 spending, as long as they spent $325,000 in 1989 and $340,000 in 1990.@@@@1@29@@oe@2-2-2013
20012010@unknown@formal@none@1@S@Mr. Spoon said the plan is not an attempt to shore up a decline in ad pages in the first nine months of 1989; Newsweek's ad pages totaled 1,620, a drop of 3.2% from last year, according to Publishers Information Bureau.@@@@1@41@@oe@2-2-2013
20012011@unknown@formal@none@1@S@"What matters is what advertisers are paying per page, and in that department we are doing fine this fall," said Mr. Spoon.@@@@1@22@@oe@2-2-2013
20012012@unknown@formal@none@1@S@Both Newsweek and U.S. News have been gaining circulation in recent years without heavy use of electronic giveaways to subscribers, such as telephones or watches.@@@@1@25@@oe@2-2-2013
20012013@unknown@formal@none@1@S@However, none of the big three weeklies recorded circulation gains recently.@@@@1@11@@oe@2-2-2013
20012014@unknown@formal@none@1@S@According to Audit Bureau of Circulations, Time, the largest newsweekly, had average circulation of 4,393,237, a decrease of 7.3%.@@@@1@19@@oe@2-2-2013
20012015@unknown@formal@none@1@S@Newsweek's circulation for the first six months of 1989 was 3,288,453, flat from the same period last year.@@@@1@18@@oe@2-2-2013
20012016@unknown@formal@none@1@S@U.S. News' circulation in the same time was 2,303,328, down 2.6%.@@@@1@11@@oe@2-2-2013
20013001@unknown@formal@none@1@S@New England Electric System bowed out of the bidding for Public Service Co. of New Hampshire, saying that the risks were too high and the potential payoff too far in the future to justify a higher offer.@@@@1@37@@oe@2-2-2013
20013002@unknown@formal@none@1@S@The move leaves United Illuminating Co. and Northeast Utilities as the remaining outside bidders for PS of New Hampshire, which also has proposed an internal reorganization plan in Chapter 11 bankruptcy proceedings under which it would remain an independent company.@@@@1@40@@oe@2-2-2013
20013003@unknown@formal@none@1@S@New England Electric, based in Westborough, Mass., had offered $2 billion to acquire PS of New Hampshire, well below the $2.29 billion value United Illuminating places on its bid and the $2.25 billion Northeast says its bid is worth.@@@@1@39@@oe@2-2-2013
20013004@unknown@formal@none@1@S@United Illuminating is based in New Haven, Conn., and Northeast is based in Hartford, Conn.@@@@1@15@@oe@2-2-2013
20013005@unknown@formal@none@1@S@PS of New Hampshire, Manchester, N.H., values its internal reorganization plan at about $2.2 billion.@@@@1@15@@oe@2-2-2013
20013006@unknown@formal@none@1@S@John Rowe, president and chief executive officer of New England Electric, said the company's return on equity could suffer if it made a higher bid and its forecasts related to PS of New Hampshire -- such as growth in electricity demand and improved operating efficiencies -- didn't come true.@@@@1@49@@oe@2-2-2013
20013007@unknown@formal@none@1@S@"When we evaluated raising our bid, the risks seemed substantial and persistent over the next five years, and the rewards seemed a long way out.@@@@1@25@@oe@2-2-2013
20013008@unknown@formal@none@1@S@That got hard to take," he added.@@@@1@7@@oe@2-2-2013
20013009@unknown@formal@none@1@S@Mr. Rowe also noted that political concerns also worried New England Electric.@@@@1@12@@oe@2-2-2013
20013010@unknown@formal@none@1@S@No matter who owns PS of New Hampshire, after it emerges from bankruptcy proceedings its rates will be among the highest in the nation, he said.@@@@1@26@@oe@2-2-2013
20013011@unknown@formal@none@1@S@"That attracts attention . . .@@@@1@6@@oe@2-2-2013
20013012@unknown@formal@none@1@S@it was just another one of the risk factors" that led to the company's decision to withdraw from the bidding, he added.@@@@1@22@@oe@2-2-2013
20013013@unknown@formal@none@1@S@Wilbur Ross Jr. of Rothschild Inc., the financial adviser to the troubled company's equity holders, said the withdrawal of New England Electric might speed up the reorganization process.@@@@1@28@@oe@2-2-2013
20013014@unknown@formal@none@1@S@The fact that New England proposed lower rate increases -- 4.8% over seven years against around 5.5% boosts proposed by the other two outside bidders -- complicated negotiations with state officials, Mr. Ross asserted.@@@@1@34@@oe@2-2-2013
20013015@unknown@formal@none@1@S@"Now the field is less cluttered," he added.@@@@1@8@@oe@2-2-2013
20013016@unknown@formal@none@1@S@Separately, the Federal Energy Regulatory Commission turned down for now a request by Northeast seeking approval of its possible purchase of PS of New Hampshire.@@@@1@25@@oe@2-2-2013
20013017@unknown@formal@none@1@S@Northeast said it would refile its request and still hopes for an expedited review by the FERC so that it could complete the purchase by next summer if its bid is the one approved by the bankruptcy court.@@@@1@38@@oe@2-2-2013
20013018@unknown@formal@none@1@S@PS of New Hampshire shares closed yesterday at $3.75, off 25 cents, in New York Stock Exchange composite trading.@@@@1@19@@oe@2-2-2013
20014001@unknown@formal@none@1@S@Norman Ricken, 52 years old and former president and chief operating officer of Toys "R" Us Inc., and Frederick Deane Jr., 63, chairman of Signet Banking Corp., were elected directors of this consumer electronics and appliances retailing chain.@@@@1@38@@oe@2-2-2013
20014002@unknown@formal@none@1@S@They succeed Daniel M. Rexinger, retired Circuit City executive vice president, and Robert R. Glauber, U.S. Treasury undersecretary, on the 12-member board.@@@@1@22@@oe@2-2-2013
20015001@unknown@formal@none@1@S@Commonwealth Edison Co. was ordered to refund about $250 million to its current and former ratepayers for illegal rates collected for cost overruns on a nuclear power plant.@@@@1@28@@oe@2-2-2013
20015002@unknown@formal@none@1@S@The refund was about $55 million more than previously ordered by the Illinois Commerce Commission and trade groups said it may be the largest ever required of a state or local utility.@@@@1@32@@oe@2-2-2013
20015003@unknown@formal@none@1@S@State court Judge Richard Curry ordered Edison to make average refunds of about $45 to $50 each to Edison customers who have received electric service since April 1986, including about two million customers who have moved during that period.@@@@1@39@@oe@2-2-2013
20015004@unknown@formal@none@1@S@Judge Curry ordered the refunds to begin Feb. 1 and said that he wouldn't entertain any appeals or other attempts to block his order by Commonwealth Edison.@@@@1@27@@oe@2-2-2013
20015005@unknown@formal@none@1@S@"The refund pool . . . may not be held hostage through another round of appeals," Judge Curry said.@@@@1@19@@oe@2-2-2013
20015006@unknown@formal@none@1@S@Commonwealth Edison said it is already appealing the underlying commission order and is considering appealing Judge Curry's order.@@@@1@18@@oe@2-2-2013
20015007@unknown@formal@none@1@S@The exact amount of the refund will be determined next year based on actual collections made until Dec. 31 of this year.@@@@1@22@@oe@2-2-2013
20015008@unknown@formal@none@1@S@Commonwealth Edison said the ruling could force it to slash its 1989 earnings by $1.55 a share.@@@@1@17@@oe@2-2-2013
20015009@unknown@formal@none@1@S@For 1988, Commonwealth Edison reported earnings of $737.5 million, or $3.01 a share.@@@@1@13@@oe@2-2-2013
20015010@unknown@formal@none@1@S@A Commonwealth Edison spokesman said that tracking down the two million customers whose addresses have changed during the past 3 1/2 years would be "an administrative nightmare."@@@@1@27@@oe@2-2-2013
20015011@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Commonwealth Edison closed at $38.375, down 12.5 cents.@@@@1@16@@oe@2-2-2013
20015012@unknown@formal@none@1@S@The $2.5 billion Byron 1 plant near Rockford, Ill., was completed in 1985.@@@@1@13@@oe@2-2-2013
20015013@unknown@formal@none@1@S@In a disputed 1985 ruling, the Commerce Commission said Commonwealth Edison could raise its electricity rates by $49 million to pay for the plant.@@@@1@24@@oe@2-2-2013
20015014@unknown@formal@none@1@S@But state courts upheld a challenge by consumer groups to the commission's rate increase and found the rates illegal.@@@@1@19@@oe@2-2-2013
20015015@unknown@formal@none@1@S@The Illinois Supreme Court ordered the commission to audit Commonwealth Edison's construction expenses and refund any unreasonable expenses.@@@@1@18@@oe@2-2-2013
20015016@unknown@formal@none@1@S@The utility has been collecting for the plant's construction cost from its 3.1 million customers subject to a refund since 1986.@@@@1@21@@oe@2-2-2013
20015017@unknown@formal@none@1@S@In August, the commission ruled that between $190 million and $195 million of the plant's construction cost was unreasonable and should be refunded, plus interest.@@@@1@25@@oe@2-2-2013
20015018@unknown@formal@none@1@S@In his ruling, Judge Curry added an additional $55 million to the commission's calculations.@@@@1@14@@oe@2-2-2013
20015019@unknown@formal@none@1@S@Last month, Judge Curry set the interest rate on the refund at 9%.@@@@1@13@@oe@2-2-2013
20015020@unknown@formal@none@1@S@Commonwealth Edison now faces an additional court-ordered refund on its summer/winter rate differential collections that the Illinois Appellate Court has estimated at $140 million.@@@@1@24@@oe@2-2-2013
20015021@unknown@formal@none@1@S@And consumer groups hope that Judge Curry's Byron 1 order may set a precedent for a second nuclear rate case involving Commonwealth Edison's Braidwood 2 plant.@@@@1@26@@oe@2-2-2013
20015022@unknown@formal@none@1@S@Commonwealth Edison is seeking about $245 million in rate increases to pay for Braidwood 2.@@@@1@15@@oe@2-2-2013
20015023@unknown@formal@none@1@S@The commission is expected to rule on the Braidwood 2 case by year end.@@@@1@14@@oe@2-2-2013
20015024@unknown@formal@none@1@S@Last year Commonwealth Edison had to refund $72.7 million for poor performance of its LaSalle I nuclear plant.@@@@1@18@@oe@2-2-2013
20016001@unknown@formal@none@1@S@Japan's domestic sales of cars, trucks and buses in October rose 18% from a year earlier to 500,004 units, a record for the month, the Japan Automobile Dealers' Association said.@@@@1@30@@oe@2-2-2013
20016002@unknown@formal@none@1@S@The strong growth followed year-to-year increases of 21% in August and 12% in September.@@@@1@14@@oe@2-2-2013
20016003@unknown@formal@none@1@S@The monthly sales have been setting records every month since March.@@@@1@11@@oe@2-2-2013
20016004@unknown@formal@none@1@S@October sales, compared with the previous month, inched down 0.4%.@@@@1@10@@oe@2-2-2013
20016005@unknown@formal@none@1@S@Sales of passenger cars grew 22% from a year earlier to 361,376 units.@@@@1@13@@oe@2-2-2013
20016006@unknown@formal@none@1@S@Sales of medium-sized cars, which benefited from price reductions arising from introduction of the consumption tax, more than doubled to 30,841 units from 13,056 in October 1988.@@@@1@27@@oe@2-2-2013
20017001@unknown@formal@none@1@S@Texas Instruments Japan Ltd., a unit of Texas Instruments Inc., said it opened a plant in South Korea to manufacture control devices.@@@@1@22@@oe@2-2-2013
20017002@unknown@formal@none@1@S@The new plant, located in Chinchon about 60 miles from Seoul, will help meet increasing and diversifying demand for control products in South Korea, the company said.@@@@1@27@@oe@2-2-2013
20017003@unknown@formal@none@1@S@The plant will produce control devices used in motor vehicles and household appliances.@@@@1@13@@oe@2-2-2013
20018001@unknown@formal@none@1@S@The survival of spinoff Cray Computer Corp. as a fledgling in the supercomputer business appears to depend heavily on the creativity -- and longevity -- of its chairman and chief designer, Seymour Cray.@@@@1@33@@oe@2-2-2013
20018002@unknown@formal@none@1@S@Not only is development of the new company's initial machine tied directly to Mr. Cray, so is its balance sheet.@@@@1@20@@oe@2-2-2013
20018003@unknown@formal@none@1@S@Documents filed with the Securities and Exchange Commission on the pending spinoff disclosed that Cray Research Inc. will withdraw the almost $100 million in financing it is providing the new firm if Mr. Cray leaves or if the product-design project he heads is scrapped.@@@@1@44@@oe@2-2-2013
20018004@unknown@formal@none@1@S@The documents also said that although the 64-year-old Mr. Cray has been working on the project for more than six years, the Cray-3 machine is at least another year away from a fully operational prototype.@@@@1@35@@oe@2-2-2013
20018005@unknown@formal@none@1@S@Moreover, there have been no orders for the Cray-3 so far, though the company says it is talking with several prospects.@@@@1@21@@oe@2-2-2013
20018006@unknown@formal@none@1@S@While many of the risks were anticipated when Minneapolis-based Cray Research first announced the spinoff in May, the strings it attached to the financing hadn't been made public until yesterday.@@@@1@30@@oe@2-2-2013
20018007@unknown@formal@none@1@S@"We didn't have much of a choice," Cray Computer's chief financial officer, Gregory Barnum, said in an interview.@@@@1@18@@oe@2-2-2013
20018008@unknown@formal@none@1@S@"The theory is that Seymour is the chief designer of the Cray-3, and without him it could not be completed.@@@@1@20@@oe@2-2-2013
20018009@unknown@formal@none@1@S@Cray Research did not want to fund a project that did not include Seymour."@@@@1@14@@oe@2-2-2013
20018010@unknown@formal@none@1@S@The documents also said that Cray Computer anticipates needing perhaps another $120 million in financing beginning next September.@@@@1@18@@oe@2-2-2013
20018011@unknown@formal@none@1@S@But Mr. Barnum called that "a worst-case" scenario.@@@@1@8@@oe@2-2-2013
20018012@unknown@formal@none@1@S@The filing on the details of the spinoff caused Cray Research stock to jump $2.875 yesterday to close at $38 in New York Stock Exchange composite trading.@@@@1@27@@oe@2-2-2013
20018013@unknown@formal@none@1@S@Analysts noted yesterday that Cray Research's decision to link its $98.3 million promissory note to Mr. Cray's presence will complicate a valuation of the new company.@@@@1@26@@oe@2-2-2013
20018014@unknown@formal@none@1@S@"It has to be considered as an additional risk for the investor," said Gary P. Smaby of Smaby Group Inc., Minneapolis.@@@@1@21@@oe@2-2-2013
20018015@unknown@formal@none@1@S@"Cray Computer will be a concept stock," he said.@@@@1@9@@oe@2-2-2013
20018016@unknown@formal@none@1@S@"You either believe Seymour can do it again or you don't."@@@@1@11@@oe@2-2-2013
20018017@unknown@formal@none@1@S@Besides the designer's age, other risk factors for Mr. Cray's new company include the Cray-3's tricky, unproven chip technology.@@@@1@19@@oe@2-2-2013
20018018@unknown@formal@none@1@S@The SEC documents describe those chips, which are made of gallium arsenide, as being so fragile and minute they will require special robotic handling equipment.@@@@1@25@@oe@2-2-2013
20018019@unknown@formal@none@1@S@In addition, the Cray-3 will contain 16 processors -- twice as many as the largest current supercomputer.@@@@1@17@@oe@2-2-2013
20018020@unknown@formal@none@1@S@Cray Computer also will face intense competition, not only from Cray Research, which has about 60% of the world-wide supercomputer market and which is expected to roll out the C-90 machine, a direct competitor with the Cray-3, in 1991.@@@@1@39@@oe@2-2-2013
20018021@unknown@formal@none@1@S@The spinoff also will compete with International Business Machines Corp. and Japan's Big Three -- Hitachi Ltd., NEC Corp. and Fujitsu Ltd.@@@@1@22@@oe@2-2-2013
20018022@unknown@formal@none@1@S@The new company said it believes there are fewer than 100 potential customers for supercomputers priced between $15 million and $30 million -- presumably the Cray-3 price range.@@@@1@28@@oe@2-2-2013
20018023@unknown@formal@none@1@S@Under terms of the spinoff, Cray Research stockholders are to receive one Cray Computer share for every two Cray Research shares they own in a distribution expected to occur in about two weeks.@@@@1@33@@oe@2-2-2013
20018024@unknown@formal@none@1@S@No price for the new shares has been set.@@@@1@9@@oe@2-2-2013
20018025@unknown@formal@none@1@S@Instead, the companies will leave it up to the marketplace to decide.@@@@1@12@@oe@2-2-2013
20018026@unknown@formal@none@1@S@Cray Computer has applied to trade on Nasdaq.@@@@1@8@@oe@2-2-2013
20018027@unknown@formal@none@1@S@Analysts calculate Cray Computer's initial book value at about $4.75 a share.@@@@1@12@@oe@2-2-2013
20018028@unknown@formal@none@1@S@Along with the note, Cray Research is transferring about $53 million in assets, primarily those related to the Cray-3 development, which has been a drain on Cray Research's earnings.@@@@1@29@@oe@2-2-2013
20018029@unknown@formal@none@1@S@Pro-forma balance sheets clearly show why Cray Research favored the spinoff.@@@@1@11@@oe@2-2-2013
20018030@unknown@formal@none@1@S@Without the Cray-3 research and development expenses, the company would have been able to report a profit of $19.3 million for the first half of 1989 rather than the $5.9 million it posted.@@@@1@33@@oe@2-2-2013
20018031@unknown@formal@none@1@S@On the other hand, had it existed then, Cray Computer would have incurred a $20.5 million loss.@@@@1@17@@oe@2-2-2013
20018032@unknown@formal@none@1@S@Mr. Cray, who couldn't be reached for comment, will work for the new Colorado Springs, Colo., company as an independent contractor -- the arrangement he had with Cray Research.@@@@1@29@@oe@2-2-2013
20018033@unknown@formal@none@1@S@Regarded as the father of the supercomputer, Mr. Cray was paid $600,000 at Cray Research last year.@@@@1@17@@oe@2-2-2013
20018034@unknown@formal@none@1@S@At Cray Computer, he will be paid $240,000.@@@@1@8@@oe@2-2-2013
20018035@unknown@formal@none@1@S@Besides Messrs. Cray and Barnum, other senior management at the company includes Neil Davenport, 47, president and chief executive officer; Joseph M. Blanchard, 37, vice president, engineering; Malcolm A. Hammerton, 40, vice president, software; and Douglas R. Wheeland, 45, vice president, hardware.@@@@1@42@@oe@2-2-2013
20018036@unknown@formal@none@1@S@All came from Cray Research.@@@@1@5@@oe@2-2-2013
20018037@unknown@formal@none@1@S@Cray Computer, which currently employs 241 people, said it expects a work force of 450 by the end of 1990.@@@@1@20@@oe@2-2-2013
20019001@unknown@formal@none@1@S@John R. Stevens, 49 years old, was named senior executive vice president and chief operating officer, both new positions.@@@@1@19@@oe@2-2-2013
20019002@unknown@formal@none@1@S@He will continue to report to Donald Pardus, president and chief executive officer.@@@@1@13@@oe@2-2-2013
20019003@unknown@formal@none@1@S@Mr. Stevens was executive vice president of this electric-utility holding company.@@@@1@11@@oe@2-2-2013
20019004@unknown@formal@none@1@S@Arthur A. Hatch, 59, was named executive vice president of the company.@@@@1@12@@oe@2-2-2013
20019005@unknown@formal@none@1@S@He was previously president of the company's Eastern Edison Co. unit.@@@@1@11@@oe@2-2-2013
20019006@unknown@formal@none@1@S@John D. Carney, 45, was named to succeed Mr. Hatch as president of Eastern Edison.@@@@1@15@@oe@2-2-2013
20019007@unknown@formal@none@1@S@Previously he was vice president of Eastern Edison.@@@@1@8@@oe@2-2-2013
20019008@unknown@formal@none@1@S@Robert P. Tassinari, 63, was named senior vice president of Eastern Utilities.@@@@1@12@@oe@2-2-2013
20019009@unknown@formal@none@1@S@He was previously vice president.@@@@1@5@@oe@2-2-2013
20020001@unknown@formal@none@1@S@The U.S., claiming some success in its trade diplomacy, removed South Korea, Taiwan and Saudi Arabia from a list of countries it is closely watching for allegedly failing to honor U.S. patents, copyrights and other intellectual-property rights.@@@@1@37@@oe@2-2-2013
20020002@unknown@formal@none@1@S@However, five other countries -- China, Thailand, India, Brazil and Mexico -- will remain on that so-called priority watch list as a result of an interim review, U.S. Trade Representative Carla Hills announced.@@@@1@33@@oe@2-2-2013
20020003@unknown@formal@none@1@S@Under the new U.S. trade law, those countries could face accelerated unfair-trade investigations and stiff trade sanctions if they don't improve their protection of intellectual property by next spring.@@@@1@29@@oe@2-2-2013
20020004@unknown@formal@none@1@S@Mrs. Hills said many of the 25 countries that she placed under varying degrees of scrutiny have made "genuine progress" on this touchy issue.@@@@1@24@@oe@2-2-2013
20020005@unknown@formal@none@1@S@She said there is "growing realization" around the world that denial of intellectual-property rights harms all trading nations, and particularly the "creativity and inventiveness of an {offending} country's own citizens."@@@@1@30@@oe@2-2-2013
20020006@unknown@formal@none@1@S@U.S. trade negotiators argue that countries with inadequate protections for intellectual-property rights could be hurting themselves by discouraging their own scientists and authors and by deterring U.S. high-technology firms from investing or marketing their best products there.@@@@1@37@@oe@2-2-2013
20020007@unknown@formal@none@1@S@Mrs. Hills lauded South Korea for creating an intellectual-property task force and special enforcement teams of police officers and prosecutors trained to pursue movie and book pirates.@@@@1@27@@oe@2-2-2013
20020008@unknown@formal@none@1@S@Seoul also has instituted effective search-and-seizure procedures to aid these teams, she said.@@@@1@13@@oe@2-2-2013
20020009@unknown@formal@none@1@S@Taiwan has improved its standing with the U.S. by initialing a bilateral copyright agreement, amending its trademark law and introducing legislation to protect foreign movie producers from unauthorized showings of their films.@@@@1@32@@oe@2-2-2013
20020010@unknown@formal@none@1@S@That measure could compel Taipei's growing number of small video-viewing parlors to pay movie producers for showing their films.@@@@1@19@@oe@2-2-2013
20020011@unknown@formal@none@1@S@Saudi Arabia, for its part, has vowed to enact a copyright law compatible with international standards and to apply the law to computer software as well as to literary works, Mrs. Hills said.@@@@1@33@@oe@2-2-2013
20020012@unknown@formal@none@1@S@These three countries aren't completely off the hook, though.@@@@1@9@@oe@2-2-2013
20020013@unknown@formal@none@1@S@They will remain on a lower-priority list that includes 17 other countries.@@@@1@12@@oe@2-2-2013
20020014@unknown@formal@none@1@S@Those countries -- including Japan, Italy, Canada, Greece and Spain -- are still of some concern to the U.S. but are deemed to pose less-serious problems for American patent and copyright owners than those on the "priority" list.@@@@1@38@@oe@2-2-2013
20020015@unknown@formal@none@1@S@Gary Hoffman, a Washington lawyer specializing in intellectual-property cases, said the threat of U.S. retaliation, combined with a growing recognition that protecting intellectual property is in a country's own interest, prompted the improvements made by South Korea, Taiwan and Saudi Arabia.@@@@1@41@@oe@2-2-2013
20020016@unknown@formal@none@1@S@"What this tells us is that U.S. trade law is working," he said.@@@@1@13@@oe@2-2-2013
20020017@unknown@formal@none@1@S@He said Mexico could be one of the next countries to be removed from the priority list because of its efforts to craft a new patent law.@@@@1@27@@oe@2-2-2013
20020018@unknown@formal@none@1@S@Mrs. Hills said that the U.S. is still concerned about "disturbing developments in Turkey and continuing slow progress in Malaysia."@@@@1@20@@oe@2-2-2013
20020019@unknown@formal@none@1@S@She didn't elaborate, although earlier U.S. trade reports have complained of videocassette piracy in Malaysia and disregard for U.S. pharmaceutical patents in Turkey.@@@@1@23@@oe@2-2-2013
20020020@unknown@formal@none@1@S@The 1988 trade act requires Mrs. Hills to issue another review of the performance of these countries by April 30.@@@@1@20@@oe@2-2-2013
20020021@unknown@formal@none@1@S@So far, Mrs. Hills hasn't deemed any cases bad enough to merit an accelerated investigation under the so-called special 301 provision of the act.@@@@1@24@@oe@2-2-2013
20021001@unknown@formal@none@1@S@Argentina said it will ask creditor banks to halve its foreign debt of $64 billion -- the third-highest in the developing world.@@@@1@22@@oe@2-2-2013
20021002@unknown@formal@none@1@S@The declaration by Economy Minister Nestor Rapanelli is believed to be the first time such an action has been called for by an Argentine official of such stature.@@@@1@28@@oe@2-2-2013
20021003@unknown@formal@none@1@S@The Latin American nation has paid very little on its debt since early last year.@@@@1@15@@oe@2-2-2013
20021004@unknown@formal@none@1@S@"Argentina aspires to reach a reduction of 50% in the value of its external debt," Mr. Rapanelli said through his spokesman, Miguel Alurralde.@@@@1@23@@oe@2-2-2013
20021005@unknown@formal@none@1@S@Mr. Rapanelli met in August with U.S. Assistant Treasury Secretary David Mulford.@@@@1@12@@oe@2-2-2013
20021006@unknown@formal@none@1@S@Argentine negotiator Carlos Carballo was in Washington and New York this week to meet with banks.@@@@1@16@@oe@2-2-2013
20021007@unknown@formal@none@1@S@Mr. Rapanelli recently has said the government of President Carlos Menem, who took office July 8, feels a significant reduction of principal and interest is the only way the debt problem may be solved.@@@@1@34@@oe@2-2-2013
20021008@unknown@formal@none@1@S@But he has not said before that the country wants half the debt forgiven.@@@@1@14@@oe@2-2-2013
20022001@unknown@formal@none@1@S@(During its centennial year, The Wall Street Journal will report events of the past century that stand as milestones of American business history.)@@@@1@23@@oe@2-2-2013
20022002@unknown@formal@none@1@S@THREE COMPUTERS THAT CHANGED the face of personal computing were launched in 1977.@@@@1@13@@oe@2-2-2013
20022003@unknown@formal@none@1@S@That year the Apple II, Commodore Pet and Tandy TRS-80 came to market.@@@@1@13@@oe@2-2-2013
20022004@unknown@formal@none@1@S@The computers were crude by today's standards.@@@@1@7@@oe@2-2-2013
20022005@unknown@formal@none@1@S@Apple II owners, for example, had to use their television sets as screens and stored data on audiocassettes.@@@@1@18@@oe@2-2-2013
20022006@unknown@formal@none@1@S@But Apple II was a major advance from Apple I, which was built in a garage by Stephen Wozniak and Steven Jobs for hobbyists such as the Homebrew Computer Club.@@@@1@30@@oe@2-2-2013
20022007@unknown@formal@none@1@S@In addition, the Apple II was an affordable $1,298.@@@@1@9@@oe@2-2-2013
20022008@unknown@formal@none@1@S@Crude as they were, these early PCs triggered explosive product development in desktop models for the home and office.@@@@1@19@@oe@2-2-2013
20022009@unknown@formal@none@1@S@Big mainframe computers for business had been around for years.@@@@1@10@@oe@2-2-2013
20022010@unknown@formal@none@1@S@But the new 1977 PCs -- unlike earlier built-from-kit types such as the Altair, Sol and IMSAI -- had keyboards and could store about two pages of data in their memories.@@@@1@31@@oe@2-2-2013
20022011@unknown@formal@none@1@S@Current PCs are more than 50 times faster and have memory capacity 500 times greater than their 1977 counterparts.@@@@1@19@@oe@2-2-2013
20022012@unknown@formal@none@1@S@There were many pioneer PC contributors.@@@@1@6@@oe@2-2-2013
20022013@unknown@formal@none@1@S@William Gates and Paul Allen in 1975 developed an early language-housekeeper system for PCs, and Gates became an industry billionaire six years after IBM adapted one of these versions in 1981.@@@@1@31@@oe@2-2-2013
20022014@unknown@formal@none@1@S@Alan F. Shugart, currently chairman of Seagate Technology, led the team that developed the disk drives for PCs.@@@@1@18@@oe@2-2-2013
20022015@unknown@formal@none@1@S@Dennis Hayes and Dale Heatherington, two Atlanta engineers, were co-developers of the internal modems that allow PCs to share data via the telephone.@@@@1@23@@oe@2-2-2013
20022016@unknown@formal@none@1@S@IBM, the world leader in computers, didn't offer its first PC until August 1981 as many other companies entered the market.@@@@1@21@@oe@2-2-2013
20022017@unknown@formal@none@1@S@Today, PC shipments annually total some $38.3 billion world-wide.@@@@1@9@@oe@2-2-2013
20023001@unknown@formal@none@1@S@F.H. Faulding & Co., an Australian pharmaceuticals company, said its Moleculon Inc. affiliate acquired Kalipharma Inc. for $23 million.@@@@1@19@@oe@2-2-2013
20023002@unknown@formal@none@1@S@Kalipharma is a New Jersey-based pharmaceuticals concern that sells products under the Purepac label.@@@@1@14@@oe@2-2-2013
20023003@unknown@formal@none@1@S@Faulding said it owns 33% of Moleculon's voting stock and has an agreement to acquire an additional 19%.@@@@1@18@@oe@2-2-2013
20023004@unknown@formal@none@1@S@That stake, together with its convertible preferred stock holdings, gives Faulding the right to increase its interest to 70% of Moleculon's voting stock.@@@@1@23@@oe@2-2-2013
20024001@unknown@formal@none@1@S@Oil production from Australia's Bass Strait fields will be raised by 11,000 barrels a day to about 321,000 barrels with the launch of the Whiting field, the first of five small fields scheduled to be brought into production before the end of 1990.@@@@1@43@@oe@2-2-2013
20024002@unknown@formal@none@1@S@Esso Australia Ltd., a unit of New York-based Exxon Corp., and Broken Hill Pty. operate the fields in a joint venture.@@@@1@21@@oe@2-2-2013
20024003@unknown@formal@none@1@S@Esso said the Whiting field started production Tuesday.@@@@1@8@@oe@2-2-2013
20024004@unknown@formal@none@1@S@Output will be gradually increased until it reaches about 11,000 barrels a day.@@@@1@13@@oe@2-2-2013
20024005@unknown@formal@none@1@S@The field has reserves of 21 million barrels.@@@@1@8@@oe@2-2-2013
20024006@unknown@formal@none@1@S@Reserves for the five new fields total 50 million barrels.@@@@1@10@@oe@2-2-2013
20024007@unknown@formal@none@1@S@The Perch and Dolphin fields are expected to start producing early next year, and the Seahorse and Tarwhine fields later next year.@@@@1@22@@oe@2-2-2013
20024008@unknown@formal@none@1@S@Esso said the fields were developed after the Australian government decided in 1987 to make the first 30 million barrels from new fields free of excise tax.@@@@1@27@@oe@2-2-2013
20025001@unknown@formal@none@1@S@R.P. Scherer Corp. said it completed the $10.2 million sale of its Southern Optical subsidiary to a group led by the unit's president, Thomas R. Sloan, and other managers.@@@@1@29@@oe@2-2-2013
20025002@unknown@formal@none@1@S@Following the acquisition of R.P. Scherer by a buy-out group led by Shearson Lehman Hutton earlier this year, the maker of gelatin capsules decided to divest itself of certain of its non-encapsulating businesses.@@@@1@33@@oe@2-2-2013
20025003@unknown@formal@none@1@S@The sale of Southern Optical is a part of the program.@@@@1@11@@oe@2-2-2013
20026001@unknown@formal@none@1@S@The White House said President Bush has approved duty-free treatment for imports of certain types of watches that aren't produced in "significant quantities" in the U.S., the Virgin Islands and other U.S. possessions.@@@@1@33@@oe@2-2-2013
20026002@unknown@formal@none@1@S@The action came in response to a petition filed by Timex Inc. for changes in the U.S. Generalized System of Preferences for imports from developing nations.@@@@1@26@@oe@2-2-2013
20026003@unknown@formal@none@1@S@Previously, watch imports were denied such duty-free treatment.@@@@1@8@@oe@2-2-2013
20026004@unknown@formal@none@1@S@Timex had requested duty-free treatment for many types of watches, covered by 58 different U.S. tariff classifications.@@@@1@17@@oe@2-2-2013
20026005@unknown@formal@none@1@S@The White House said Mr. Bush decided to grant duty-free status for 18 categories, but turned down such treatment for other types of watches "because of the potential for material injury to watch producers located in the U.S. and the Virgin Islands."@@@@1@42@@oe@2-2-2013
20026006@unknown@formal@none@1@S@Timex is a major U.S. producer and seller of watches, including low-priced battery-operated watches assembled in the Philippines and other developing nations covered by the U.S. tariff preferences.@@@@1@28@@oe@2-2-2013
20026007@unknown@formal@none@1@S@U.S. trade officials said the Philippines and Thailand would be the main beneficiaries of the president's action.@@@@1@17@@oe@2-2-2013
20026008@unknown@formal@none@1@S@Imports of the types of watches that now will be eligible for duty-free treatment totaled about $37.3 million in 1988, a relatively small share of the $1.5 billion in U.S. watch imports that year, according to an aide to U.S. Trade Representative Carla Hills.@@@@1@44@@oe@2-2-2013
20027001@unknown@formal@none@1@S@Magna International Inc.'s chief financial officer, James McAlpine, resigned and its chairman, Frank Stronach, is stepping in to help turn the automotive-parts manufacturer around, the company said.@@@@1@27@@oe@2-2-2013
20027002@unknown@formal@none@1@S@Mr. Stronach will direct an effort to reduce overhead and curb capital spending "until a more satisfactory level of profit is achieved and maintained," Magna said.@@@@1@26@@oe@2-2-2013
20027003@unknown@formal@none@1@S@Stephen Akerfeldt, currently vice president finance, will succeed Mr. McAlpine.@@@@1@10@@oe@2-2-2013
20027004@unknown@formal@none@1@S@An ambitious expansion has left Magna with excess capacity and a heavy debt load as the automotive industry enters a downturn.@@@@1@21@@oe@2-2-2013
20027005@unknown@formal@none@1@S@The company has reported declines in operating profit in each of the past three years, despite steady sales growth.@@@@1@19@@oe@2-2-2013
20027006@unknown@formal@none@1@S@Magna recently cut its quarterly dividend in half and the company's Class A shares are wallowing far below their 52-week high of 16.125 Canadian dollars (US$13.73).@@@@1@26@@oe@2-2-2013
20027007@unknown@formal@none@1@S@On the Toronto Stock Exchange yesterday, Magna shares closed up 37.5 Canadian cents to C$9.625.@@@@1@15@@oe@2-2-2013
20027008@unknown@formal@none@1@S@Mr. Stronach, founder and controlling shareholder of Magna, resigned as chief executive officer last year to seek, unsuccessfully, a seat in Canada's Parliament.@@@@1@23@@oe@2-2-2013
20027009@unknown@formal@none@1@S@Analysts said Mr. Stronach wants to resume a more influential role in running the company.@@@@1@15@@oe@2-2-2013
20027010@unknown@formal@none@1@S@They expect him to cut costs throughout the organization.@@@@1@9@@oe@2-2-2013
20027011@unknown@formal@none@1@S@The company said Mr. Stronach will personally direct the restructuring, assisted by Manfred Gingl, president and chief executive.@@@@1@18@@oe@2-2-2013
20027012@unknown@formal@none@1@S@Neither they nor Mr. McAlpine could be reached for comment.@@@@1@10@@oe@2-2-2013
20027013@unknown@formal@none@1@S@Magna said Mr. McAlpine resigned to pursue a consulting career, with Magna as one of his clients.@@@@1@17@@oe@2-2-2013
20028001@unknown@formal@none@1@S@Lord Chilver, 63-year-old chairman of English China Clays PLC, was named a nonexecutive director of this British chemical company.@@@@1@19@@oe@2-2-2013
20029001@unknown@formal@none@1@S@Japanese investors nearly single-handedly bought up two new mortgage securities-based mutual funds totaling $701 million, the U.S. Federal National Mortgage Association said.@@@@1@22@@oe@2-2-2013
20029002@unknown@formal@none@1@S@The purchases show the strong interest of Japanese investors in U.S. mortgage-based instruments, Fannie Mae's chairman, David O. Maxwell, said at a news conference.@@@@1@24@@oe@2-2-2013
20029003@unknown@formal@none@1@S@He said more than 90% of the funds were placed with Japanese institutional investors.@@@@1@14@@oe@2-2-2013
20029004@unknown@formal@none@1@S@The rest went to investors from France and Hong Kong.@@@@1@10@@oe@2-2-2013
20029005@unknown@formal@none@1@S@Earlier this year, Japanese investors snapped up a similar, $570 million mortgage-backed securities mutual fund.@@@@1@15@@oe@2-2-2013
20029006@unknown@formal@none@1@S@That fund was put together by Blackstone Group, a New York investment bank.@@@@1@13@@oe@2-2-2013
20029007@unknown@formal@none@1@S@The latest two funds were assembled jointly by Goldman, Sachs & Co. of the U.S. and Japan's Daiwa Securities Co.@@@@1@20@@oe@2-2-2013
20029008@unknown@formal@none@1@S@The new, seven-year funds -- one offering a fixed-rate return and the other with a floating-rate return linked to the London interbank offered rate -- offer two key advantages to Japanese investors.@@@@1@32@@oe@2-2-2013
20029009@unknown@formal@none@1@S@First, they are designed to eliminate the risk of prepayment -- mortgage-backed securities can be retired early if interest rates decline, and such prepayment forces investors to redeploy their money at lower rates.@@@@1@33@@oe@2-2-2013
20029010@unknown@formal@none@1@S@Second, they channel monthly mortgage payments into semiannual payments, reducing the administrative burden on investors.@@@@1@15@@oe@2-2-2013
20029011@unknown@formal@none@1@S@By addressing those problems, Mr. Maxwell said, the new funds have become "extremely attractive to Japanese and other investors outside the U.S."@@@@1@22@@oe@2-2-2013
20029012@unknown@formal@none@1@S@Such devices have boosted Japanese investment in mortgage-backed securities to more than 1% of the $900 billion in such instruments outstanding, and their purchases are growing at a rapid rate.@@@@1@30@@oe@2-2-2013
20029013@unknown@formal@none@1@S@They also have become large purchasers of Fannie Mae's corporate debt, buying $2.4 billion in Fannie Mae bonds during the first nine months of the year, or almost a tenth of the total amount issued.@@@@1@35@@oe@2-2-2013
20030001@unknown@formal@none@1@S@James L. Pate, 54-year-old executive vice president, was named a director of this oil concern, expanding the board to 14 members.@@@@1@21@@oe@2-2-2013
20031001@unknown@formal@none@1@S@LTV Corp. said a federal bankruptcy court judge agreed to extend until March 8, 1990, the period in which the steel, aerospace and energy products company has the exclusive right to file a reorganization plan.@@@@1@35@@oe@2-2-2013
20031002@unknown@formal@none@1@S@The company is operating under Chapter 11 of the federal Bankruptcy Code, giving it court protection from creditors' lawsuits while it attempts to work out a plan to pay its debts.@@@@1@31@@oe@2-2-2013
20032001@unknown@formal@none@1@S@Italian chemical giant Montedison S.p.A., through its Montedison Acquisition N.V. indirect unit, began its $37-a-share tender offer for all the common shares outstanding of Erbamont N.V., a maker of pharmaceuticals incorporated in the Netherlands.@@@@1@34@@oe@2-2-2013
20032002@unknown@formal@none@1@S@The offer, advertised in today's editions of The Wall Street Journal, is scheduled to expire at the end of November.@@@@1@20@@oe@2-2-2013
20032003@unknown@formal@none@1@S@Montedison currently owns about 72% of Erbamont's common shares outstanding.@@@@1@10@@oe@2-2-2013
20032004@unknown@formal@none@1@S@The offer is being launched pursuant to a previously announced agreement between the companies.@@@@1@14@@oe@2-2-2013
20033001@unknown@formal@none@1@S@Japan's reserves of gold, convertible foreign currencies, and special drawing rights fell by a hefty $1.82 billion in October to $84.29 billion, the Finance Ministry said.@@@@1@26@@oe@2-2-2013
20033002@unknown@formal@none@1@S@The total marks the sixth consecutive monthly decline.@@@@1@8@@oe@2-2-2013
20033003@unknown@formal@none@1@S@The protracted downturn reflects the intensity of Bank of Japan yen-support intervention since June, when the U.S. currency temporarily surged above the 150.00 yen level.@@@@1@25@@oe@2-2-2013
20033004@unknown@formal@none@1@S@The announcement follows a sharper $2.2 billion decline in the country's foreign reserves in September to $86.12 billion.@@@@1@18@@oe@2-2-2013
20034001@unknown@formal@none@1@S@Pick a country, any country.@@@@1@5@@oe@2-2-2013
20034002@unknown@formal@none@1@S@It's the latest investment craze sweeping Wall Street: a rash of new closed-end country funds, those publicly traded portfolios that invest in stocks of a single foreign country.@@@@1@28@@oe@2-2-2013
20034003@unknown@formal@none@1@S@No fewer than 24 country funds have been launched or registered with regulators this year, triple the level of all of 1988, according to Charles E. Simon & Co., a Washington-based research firm.@@@@1@33@@oe@2-2-2013
20034004@unknown@formal@none@1@S@The turf recently has ranged from Chile to Austria to Portugal.@@@@1@11@@oe@2-2-2013
20034005@unknown@formal@none@1@S@Next week, the Philippine Fund's launch will be capped by a visit by Philippine President Corazon Aquino -- the first time a head of state has kicked off an issue at the Big Board here.@@@@1@35@@oe@2-2-2013
20034006@unknown@formal@none@1@S@The next province?@@@@1@3@@oe@2-2-2013
20034007@unknown@formal@none@1@S@"Anything's possible -- how about the New Guinea Fund?" quips George Foot, a managing partner at Newgate Management Associates of Northampton, Mass.@@@@1@22@@oe@2-2-2013
20034008@unknown@formal@none@1@S@The recent explosion of country funds mirrors the "closed-end fund mania" of the 1920s, Mr. Foot says, when narrowly focused funds grew wildly popular.@@@@1@24@@oe@2-2-2013
20034009@unknown@formal@none@1@S@They fell into oblivion after the 1929 crash.@@@@1@8@@oe@2-2-2013
20034010@unknown@formal@none@1@S@Unlike traditional open-end mutual funds, most of these one-country portfolios are the "closed-end" type, issuing a fixed number of shares that trade publicly.@@@@1@23@@oe@2-2-2013
20034011@unknown@formal@none@1@S@The surge brings to nearly 50 the number of country funds that are or soon will be listed in New York or London.@@@@1@23@@oe@2-2-2013
20034012@unknown@formal@none@1@S@These funds now account for several billions of dollars in assets.@@@@1@11@@oe@2-2-2013
20034013@unknown@formal@none@1@S@"People are looking to stake their claims" now before the number of available nations runs out, says Michael Porter, an analyst at Smith Barney, Harris Upham & Co., New York.@@@@1@30@@oe@2-2-2013
20034014@unknown@formal@none@1@S@Behind all the hoopla is some heavy-duty competition.@@@@1@8@@oe@2-2-2013
20034015@unknown@formal@none@1@S@As individual investors have turned away from the stock market over the years, securities firms have scrambled to find new products that brokers find easy to sell.@@@@1@27@@oe@2-2-2013
20034016@unknown@formal@none@1@S@And the firms are stretching their nets far and wide to do it.@@@@1@13@@oe@2-2-2013
20034017@unknown@formal@none@1@S@Financial planners often urge investors to diversify and to hold a smattering of international securities.@@@@1@15@@oe@2-2-2013
20034018@unknown@formal@none@1@S@And many emerging markets have outpaced more mature markets, such as the U.S. and Japan.@@@@1@15@@oe@2-2-2013
20034019@unknown@formal@none@1@S@Country funds offer an easy way to get a taste of foreign stocks without the hard research of seeking out individual companies.@@@@1@22@@oe@2-2-2013
20034020@unknown@formal@none@1@S@But it doesn't take much to get burned.@@@@1@8@@oe@2-2-2013
20034021@unknown@formal@none@1@S@Political and currency gyrations can whipsaw the funds.@@@@1@8@@oe@2-2-2013
20034022@unknown@formal@none@1@S@Another concern: The funds' share prices tend to swing more than the broader market.@@@@1@14@@oe@2-2-2013
20034023@unknown@formal@none@1@S@When the stock market dropped nearly 7% Oct. 13, for instance, the Mexico Fund plunged about 18% and the Spain Fund fell 16%.@@@@1@23@@oe@2-2-2013
20034024@unknown@formal@none@1@S@And most country funds were clobbered more than most stocks after the 1987 crash.@@@@1@14@@oe@2-2-2013
20034025@unknown@formal@none@1@S@What's so wild about the funds' frenzy right now is that many are trading at historically fat premiums to the value of their underlying portfolios.@@@@1@25@@oe@2-2-2013
20034026@unknown@formal@none@1@S@After trading at an average discount of more than 20% in late 1987 and part of last year, country funds currently trade at an average premium of 6%.@@@@1@28@@oe@2-2-2013
20034027@unknown@formal@none@1@S@The reason: Share prices of many of these funds this year have climbed much more sharply than the foreign stocks they hold.@@@@1@22@@oe@2-2-2013
20034028@unknown@formal@none@1@S@It's probably worth paying a premium for funds that invest in markets that are partially closed to foreign investors, such as South Korea, some specialists say.@@@@1@26@@oe@2-2-2013
20034029@unknown@formal@none@1@S@But some European funds recently have skyrocketed; Spain Fund has surged to a startling 120% premium.@@@@1@16@@oe@2-2-2013
20034030@unknown@formal@none@1@S@It has been targeted by Japanese investors as a good long-term play tied to 1992's European economic integration.@@@@1@18@@oe@2-2-2013
20034031@unknown@formal@none@1@S@And several new funds that aren't even fully invested yet have jumped to trade at big premiums.@@@@1@17@@oe@2-2-2013
20034032@unknown@formal@none@1@S@"I'm very alarmed to see these rich valuations," says Smith Barney's Mr. Porter.@@@@1@13@@oe@2-2-2013
20034033@unknown@formal@none@1@S@The newly fattened premiums reflect the increasingly global marketing of some country funds, Mr. Porter suggests.@@@@1@16@@oe@2-2-2013
20034034@unknown@formal@none@1@S@Unlike many U.S. investors, those in Asia or Europe seeking foreign-stock exposure may be less resistant to paying higher prices for country funds.@@@@1@23@@oe@2-2-2013
20034035@unknown@formal@none@1@S@"There may be an international viewpoint cast on the funds listed here," Mr. Porter says.@@@@1@15@@oe@2-2-2013
20034036@unknown@formal@none@1@S@Nonetheless, plenty of U.S. analysts and money managers are aghast at the lofty trading levels of some country funds.@@@@1@19@@oe@2-2-2013
20034037@unknown@formal@none@1@S@They argue that U.S. investors often can buy American depositary receipts on the big stocks in many funds; these so-called ADRs represent shares of foreign companies traded in the U.S.@@@@1@30@@oe@2-2-2013
20034038@unknown@formal@none@1@S@That way investors can essentially buy the funds without paying the premium.@@@@1@12@@oe@2-2-2013
20034039@unknown@formal@none@1@S@For people who insist on jumping in now to buy the funds, Newgate's Mr. Foot says: "The only advice I have for these folks is that those who come to the party late had better be ready to leave quickly.@@@@1@40@@oe@2-2-2013
20035001@unknown@formal@none@1@S@The U.S. and Soviet Union are holding technical talks about possible repayment by Moscow of $188 million in pre-Communist Russian debts owed to the U.S. government, the State Department said.@@@@1@30@@oe@2-2-2013
20035002@unknown@formal@none@1@S@If the debts are repaid, it could clear the way for Soviet bonds to be sold in the U.S.@@@@1@19@@oe@2-2-2013
20035003@unknown@formal@none@1@S@However, after two meetings with the Soviets, a State Department spokesman said that it's "too early to say" whether that will happen.@@@@1@22@@oe@2-2-2013
20035004@unknown@formal@none@1@S@Coincident with the talks, the State Department said it has permitted a Soviet bank to open a New York branch.@@@@1@20@@oe@2-2-2013
20035005@unknown@formal@none@1@S@The branch of the Bank for Foreign Economic Affairs was approved last spring and opened in July.@@@@1@17@@oe@2-2-2013
20035006@unknown@formal@none@1@S@But a Soviet bank here would be crippled unless Moscow found a way to settle the $188 million debt, which was lent to the country's short-lived democratic Kerensky government before the Communists seized power in 1917.@@@@1@36@@oe@2-2-2013
20035007@unknown@formal@none@1@S@Under a 1934 law, the Johnson Debt Default Act, as amended, it's illegal for Americans to extend credit to countries in default to the U.S. government, unless they are members of the World Bank and International Monetary Fund.@@@@1@38@@oe@2-2-2013
20035008@unknown@formal@none@1@S@The U.S.S.R. belongs to neither organization.@@@@1@6@@oe@2-2-2013
20035009@unknown@formal@none@1@S@Moscow has settled pre-1917 debts with other countries in recent years at less than face value.@@@@1@16@@oe@2-2-2013
20035010@unknown@formal@none@1@S@The State Department stressed the pre-1933 debts as the key to satisfying the Johnson Act.@@@@1@15@@oe@2-2-2013
20035011@unknown@formal@none@1@S@But the Soviets might still face legal obstacles to raising money in the U.S. until they settle hundreds of millions of dollars in additional debt still outstanding from the World War II lend-lease program.@@@@1@34@@oe@2-2-2013
20036001@unknown@formal@none@1@S@In another reflection that the growth of the economy is leveling off, the government said that orders for manufactured goods and spending on construction failed to rise in September.@@@@1@29@@oe@2-2-2013
20036002@unknown@formal@none@1@S@Meanwhile, the National Association of Purchasing Management said its latest survey indicated that the manufacturing economy contracted in October for the sixth consecutive month.@@@@1@24@@oe@2-2-2013
20036003@unknown@formal@none@1@S@Its index inched up to 47.6% in October from 46% in September.@@@@1@12@@oe@2-2-2013
20036004@unknown@formal@none@1@S@Any reading below 50% suggests the manufacturing sector is generally declining.@@@@1@11@@oe@2-2-2013
20036005@unknown@formal@none@1@S@The purchasing managers, however, also said that orders turned up in October after four months of decline.@@@@1@17@@oe@2-2-2013
20036006@unknown@formal@none@1@S@Factories booked $236.74 billion in orders in September, nearly the same as the $236.79 billion in August, the Commerce Department said.@@@@1@21@@oe@2-2-2013
20036007@unknown@formal@none@1@S@If not for a 59.6% surge in orders for capital goods by defense contractors, factory orders would have fallen 2.1%.@@@@1@20@@oe@2-2-2013
20036008@unknown@formal@none@1@S@In a separate report, the department said construction spending ran at an annual rate of $415.6 billion, not significantly different from the $415.8 billion reported for August.@@@@1@27@@oe@2-2-2013
20036009@unknown@formal@none@1@S@Private construction spending was down, but government building activity was up.@@@@1@11@@oe@2-2-2013
20036010@unknown@formal@none@1@S@The figures in both reports were adjusted to remove the effects of usual seasonal patterns, but weren't adjusted for inflation.@@@@1@20@@oe@2-2-2013
20036011@unknown@formal@none@1@S@Kenneth Mayland, economist for Society Corp., a Cleveland bank, said demand for exports of factory goods is beginning to taper off.@@@@1@21@@oe@2-2-2013
20036012@unknown@formal@none@1@S@At the same time, the drop in interest rates since the spring has failed to revive the residential construction industry.@@@@1@20@@oe@2-2-2013
20036013@unknown@formal@none@1@S@"What sector is stepping forward to pick up the slack?" he asked.@@@@1@12@@oe@2-2-2013
20036014@unknown@formal@none@1@S@"I draw a blank."@@@@1@4@@oe@2-2-2013
20036015@unknown@formal@none@1@S@By most measures, the nation's industrial sector is now growing very slowly -- if at all.@@@@1@16@@oe@2-2-2013
20036016@unknown@formal@none@1@S@Factory payrolls fell in September.@@@@1@5@@oe@2-2-2013
20036017@unknown@formal@none@1@S@So did the Federal Reserve Board's industrial-production index.@@@@1@8@@oe@2-2-2013
20036018@unknown@formal@none@1@S@Yet many economists aren't predicting that the economy is about to slip into recession.@@@@1@14@@oe@2-2-2013
20036019@unknown@formal@none@1@S@They cite a lack of "imbalances" that provide early warning signals of a downturn.@@@@1@14@@oe@2-2-2013
20036020@unknown@formal@none@1@S@Inventories are closely watched for such clues, for instance.@@@@1@9@@oe@2-2-2013
20036021@unknown@formal@none@1@S@Economists say a buildup in inventories can provoke cutbacks in production that can lead to a recession.@@@@1@17@@oe@2-2-2013
20036022@unknown@formal@none@1@S@But yesterday's factory orders report had good news on that front: it said factory inventories fell 0.1% in September, the first decline since February 1987.@@@@1@25@@oe@2-2-2013
20036023@unknown@formal@none@1@S@"This conforms to the `soft landing' scenario," said Elliott Platt, an economist at Donaldson, Lufkin & Jenrette Securities Corp.@@@@1@19@@oe@2-2-2013
20036024@unknown@formal@none@1@S@"I don't see any signs that inventories are excessive."@@@@1@9@@oe@2-2-2013
20036025@unknown@formal@none@1@S@A soft landing is an economic slowdown that eases inflation without leading to a recession.@@@@1@15@@oe@2-2-2013
20036026@unknown@formal@none@1@S@The department said orders for nondurable goods -- those intended to last fewer than three years -- fell 0.3% in September to $109.73 billion after climbing 0.9% the month before.@@@@1@30@@oe@2-2-2013
20036027@unknown@formal@none@1@S@Orders for durable goods were up 0.2% to $127.03 billion after rising 3.9% the month before.@@@@1@16@@oe@2-2-2013
20036028@unknown@formal@none@1@S@The department previously estimated that durable-goods orders fell 0.1% in September.@@@@1@11@@oe@2-2-2013
20036029@unknown@formal@none@1@S@Factory shipments fell 1.6% to $234.4 billion after rising 5.4% in August.@@@@1@12@@oe@2-2-2013
20036030@unknown@formal@none@1@S@Shipments have been relatively level since January, the Commerce Department noted.@@@@1@11@@oe@2-2-2013
20036031@unknown@formal@none@1@S@Manufacturers' backlogs of unfilled orders rose 0.5% in September to $497.34 billion, helped by strength in the defense capital goods sector.@@@@1@21@@oe@2-2-2013
20036032@unknown@formal@none@1@S@Excluding these orders, backlogs declined 0.3%.@@@@1@6@@oe@2-2-2013
20036033@unknown@formal@none@1@S@In its construction spending report, the Commerce Department said residential construction, which accounts for nearly half of all construction spending, was off 0.9% in September to an annual rate of $191.9 billion.@@@@1@32@@oe@2-2-2013
20036034@unknown@formal@none@1@S@David Berson, economist for the Mortgage Bankers Association, predicted the drop in interest rates eventually will boost spending on single-family homes, but probably not until early next year.@@@@1@28@@oe@2-2-2013
20036035@unknown@formal@none@1@S@Spending on private, nonresidential construction was off 2.6% to an annual rate of $99.1 billion with no sector showing strength.@@@@1@20@@oe@2-2-2013
20036036@unknown@formal@none@1@S@Government construction spending rose 4.3% to $88 billion.@@@@1@8@@oe@2-2-2013
20036037@unknown@formal@none@1@S@After adjusting for inflation, the Commerce Department said construction spending didn't change in September.@@@@1@14@@oe@2-2-2013
20036038@unknown@formal@none@1@S@For the first nine months of the year, total construction spending ran about 2% above last year's level.@@@@1@18@@oe@2-2-2013
20036039@unknown@formal@none@1@S@The government's construction spending figures contrast with a report issued earlier in the week by McGraw-Hill Inc.'s F.W. Dodge Group.@@@@1@20@@oe@2-2-2013
20036040@unknown@formal@none@1@S@Dodge reported an 8% increase in construction contracts awarded in September.@@@@1@11@@oe@2-2-2013
20036041@unknown@formal@none@1@S@The goverment counts money as it is spent; Dodge counts contracts when they are awarded.@@@@1@15@@oe@2-2-2013
20036042@unknown@formal@none@1@S@The government includes money spent on residential renovation; Dodge doesn't.@@@@1@10@@oe@2-2-2013
20036043@unknown@formal@none@1@S@Although the purchasing managers' index continues to indicate a slowing economy, it isn't signaling an imminent recession, said Robert Bretz, chairman of the association's survey committee and director of materials management at Pitney Bowes Inc., Stamford, Conn.@@@@1@37@@oe@2-2-2013
20036044@unknown@formal@none@1@S@He said the index would have to be in the low 40% range for several months to be considered a forecast of recession.@@@@1@23@@oe@2-2-2013
20036045@unknown@formal@none@1@S@The report offered new evidence that the nation's export growth, though still continuing, may be slowing.@@@@1@16@@oe@2-2-2013
20036046@unknown@formal@none@1@S@Only 19% of the purchasing managers reported better export orders in October, down from 27% in September.@@@@1@17@@oe@2-2-2013
20036047@unknown@formal@none@1@S@And 8% said export orders were down last month, compared with 6% the month before.@@@@1@15@@oe@2-2-2013
20036048@unknown@formal@none@1@S@The purhasing managers' report also added evidence that inflation is under control.@@@@1@12@@oe@2-2-2013
20036049@unknown@formal@none@1@S@For the fifth consecutive month, purchasing managers said prices for the goods they purchased fell.@@@@1@15@@oe@2-2-2013
20036050@unknown@formal@none@1@S@The decline was even steeper than in September.@@@@1@8@@oe@2-2-2013
20036051@unknown@formal@none@1@S@They also said that vendors were delivering goods more quickly in October than they had for each of the five previous months.@@@@1@22@@oe@2-2-2013
20036052@unknown@formal@none@1@S@Economists consider that a sign that inflationary pressures are abating.@@@@1@10@@oe@2-2-2013
20036053@unknown@formal@none@1@S@When demand is stronger than suppliers can handle and delivery times lengthen, prices tend to rise.@@@@1@16@@oe@2-2-2013
20036054@unknown@formal@none@1@S@The purchasing managers' report is based on data provided by more than 250 purchasing executives.@@@@1@15@@oe@2-2-2013
20036055@unknown@formal@none@1@S@Each of the survey's indicators gauges the difference between the number of purchasers reporting improvement in a particular area and the number reporting a worsening.@@@@1@25@@oe@2-2-2013
20036056@unknown@formal@none@1@S@For the first time, the October survey polled members on imports.@@@@1@11@@oe@2-2-2013
20036057@unknown@formal@none@1@S@It found that of the 73% who import, 10% said they imported more in October and 12% said they imported less than the previous month.@@@@1@25@@oe@2-2-2013
20036058@unknown@formal@none@1@S@While acknowledging one month's figures don't prove a trend, Mr. Bretz said, "It does lead you to suspect imports are going down, or at least not increasing that much."@@@@1@29@@oe@2-2-2013
20036059@unknown@formal@none@1@S@Items listed as being in short supply numbered only about a dozen, but they included one newcomer: milk and milk powder.@@@@1@21@@oe@2-2-2013
20036060@unknown@formal@none@1@S@"It's an odd thing to put on the list," Mr. Bretz noted.@@@@1@12@@oe@2-2-2013
20036061@unknown@formal@none@1@S@He said that for the second month in a row, food processors reported a shortage of nonfat dry milk.@@@@1@19@@oe@2-2-2013
20036062@unknown@formal@none@1@S@They blamed increased demand for dairy products at a time of exceptionally high U.S. exports of dry milk, coupled with very low import quotas.@@@@1@24@@oe@2-2-2013
20036063@unknown@formal@none@1@S@Pamela Sebastian in New York contributed to this article.@@@@1@9@@oe@2-2-2013
20036064@unknown@formal@none@1@S@Here are the Commerce Department's figures for construction spending in billions of dollars at seasonally adjusted annual rates.@@@@1@18@@oe@2-2-2013
20036065@unknown@formal@none@1@S@Here are the Commerce Department's latest figures for manufacturers in billions of dollars, seasonally adjusted.@@@@1@15@@oe@2-2-2013
20037001@unknown@formal@none@1@S@Judging from the Americana in Haruki Murakami's "A Wild Sheep Chase" (Kodansha, 320 pages, $18.95), baby boomers on both sides of the Pacific have a lot in common.@@@@1@28@@oe@2-2-2013
20037002@unknown@formal@none@1@S@Although set in Japan, the novel's texture is almost entirely Western, especially American.@@@@1@13@@oe@2-2-2013
20037003@unknown@formal@none@1@S@Characters drink Salty Dogs, whistle "Johnny B. Goode" and watch Bugs Bunny reruns.@@@@1@13@@oe@2-2-2013
20037004@unknown@formal@none@1@S@They read Mickey Spillane and talk about Groucho and Harpo.@@@@1@10@@oe@2-2-2013
20037005@unknown@formal@none@1@S@They worry about their careers, drink too much and suffer through broken marriages and desultory affairs.@@@@1@16@@oe@2-2-2013
20037006@unknown@formal@none@1@S@This is Japan?@@@@1@3@@oe@2-2-2013
20037007@unknown@formal@none@1@S@For an American reader, part of the charm of this engaging novel should come in recognizing that Japan isn't the buttoned-down society of contemporary American lore.@@@@1@26@@oe@2-2-2013
20037008@unknown@formal@none@1@S@It's also refreshing to read a Japanese author who clearly doesn't belong to the self-aggrandizing "we-Japanese" school of writers who perpetuate the notion of the unique Japanese, unfathomable by outsiders.@@@@1@30@@oe@2-2-2013
20037009@unknown@formal@none@1@S@If "A Wild Sheep Chase" carries an implicit message for international relations, it's that the Japanese are more like us than most of us think.@@@@1@25@@oe@2-2-2013
20037010@unknown@formal@none@1@S@That's not to say that the nutty plot of "A Wild Sheep Chase" is rooted in reality.@@@@1@17@@oe@2-2-2013
20037011@unknown@formal@none@1@S@It's imaginative and often funny.@@@@1@5@@oe@2-2-2013
20037012@unknown@formal@none@1@S@A disaffected, hard-drinking, nearly-30 hero sets off for snow country in search of an elusive sheep with a star on its back at the behest of a sinister, erudite mobster with a Stanford degree.@@@@1@34@@oe@2-2-2013
20037013@unknown@formal@none@1@S@He has in tow his prescient girlfriend, whose sassy retorts mark her as anything but a docile butterfly.@@@@1@18@@oe@2-2-2013
20037014@unknown@formal@none@1@S@Along the way, he meets a solicitous Christian chauffeur who offers the hero God's phone number; and the Sheep Man, a sweet, roughhewn figure who wears -- what else -- a sheepskin.@@@@1@32@@oe@2-2-2013
20037015@unknown@formal@none@1@S@The 40-year-old Mr. Murakami is a publishing sensation in Japan.@@@@1@10@@oe@2-2-2013
20037016@unknown@formal@none@1@S@A more recent novel, "Norwegian Wood" (every Japanese under 40 seems to be fluent in Beatles lyrics), has sold more than four million copies since Kodansha published it in 1987.@@@@1@30@@oe@2-2-2013
20037017@unknown@formal@none@1@S@But he is just one of several youthful writers -- Tokyo's brat pack -- who are dominating the best-seller charts in Japan.@@@@1@22@@oe@2-2-2013
20037018@unknown@formal@none@1@S@Their books are written in idiomatic, contemporary language and usually carry hefty dashes of Americana.@@@@1@15@@oe@2-2-2013
20037019@unknown@formal@none@1@S@In Robert Whiting's "You Gotta Have Wa" (Macmillan, 339 pages, $17.95), the Beatles give way to baseball, in the Nipponese version we would be hard put to call a "game."@@@@1@30@@oe@2-2-2013
20037020@unknown@formal@none@1@S@As Mr. Whiting describes it, Nipponese baseball is a "mirror of Japan's fabled virtues of hard work and harmony."@@@@1@19@@oe@2-2-2013
20037021@unknown@formal@none@1@S@"Wa" is Japanese for "team spirit" and Japanese ballplayers have miles and miles of it.@@@@1@15@@oe@2-2-2013
20037022@unknown@formal@none@1@S@A player's commitment to practice and team image is as important as his batting average.@@@@1@15@@oe@2-2-2013
20037023@unknown@formal@none@1@S@Polls once named Tokyo Giants star Tatsunori Hara, a "humble, uncomplaining, obedient soul," as the male symbol of Japan.@@@@1@19@@oe@2-2-2013
20037024@unknown@formal@none@1@S@But other than the fact that besuboru is played with a ball and a bat, it's unrecognizable: Fans politely return foul balls to stadium ushers; the strike zone expands depending on the size of the hitter; ties are permitted -- even welcomed -- since they honorably sidestep the shame of defeat; players must abide by strict rules of conduct even in their personal lives -- players for the Tokyo Giants, for example, must always wear ties when on the road.@@@@1@80@@oe@2-2-2013
20037025@unknown@formal@none@1@S@"You Gotta Have Wa" is the often amusing chronicle of how American ballplayers, rationed to two per team, fare in Japan.@@@@1@21@@oe@2-2-2013
20037026@unknown@formal@none@1@S@Despite the enormous sums of money they're paid to stand up at a Japanese plate, a good number decide it's not worth it and run for home.@@@@1@27@@oe@2-2-2013
20037027@unknown@formal@none@1@S@"Funny Business" (Soho, 228 pages, $17.95) by Gary Katzenstein is anything but.@@@@1@12@@oe@2-2-2013
20037028@unknown@formal@none@1@S@It's the petulant complaint of an impudent American whom Sony hosted for a year while he was on a Luce Fellowship in Tokyo -- to the regret of both parties.@@@@1@30@@oe@2-2-2013
20037029@unknown@formal@none@1@S@In sometimes amusing, more often supercilious, even vicious passages, Mr. Katzenstein describes how Sony invades even the most mundane aspects of its workers' lives -- at the regimented office, where employees are assigned lunch partners -- and at "home" in the austere company dormitory run by a prying caretaker.@@@@1@49@@oe@2-2-2013
20037030@unknown@formal@none@1@S@Some of his observations about Japanese management style are on the mark.@@@@1@12@@oe@2-2-2013
20037031@unknown@formal@none@1@S@It's probably true that many salarymen put in unproductive overtime just for the sake of solidarity, that the system is so hierarchical that only the assistant manager can talk to the manager and the manager to the general manager, and that Sony was chary of letting a young, short-term American employee take on any responsibility.@@@@1@55@@oe@2-2-2013
20037032@unknown@formal@none@1@S@All of this must have been enormously frustrating to Mr. Katzenstein, who went to Sony with degrees in business and computer science and was raring to invent another Walkman.@@@@1@29@@oe@2-2-2013
20037033@unknown@formal@none@1@S@But Sony ultimately took a lesson from the American management books and fired Mr. Katzenstein, after he committed the social crime of making an appointment to see the venerable Akio Morita, founder of Sony.@@@@1@34@@oe@2-2-2013
20037034@unknown@formal@none@1@S@It's a shame their meeting never took place.@@@@1@8@@oe@2-2-2013
20037035@unknown@formal@none@1@S@Mr. Katzenstein certainly would have learned something, and it's even possible Mr. Morita would have too.@@@@1@16@@oe@2-2-2013
20037036@unknown@formal@none@1@S@Ms. Kirkpatrick, the Journal's deputy editorial features editor, worked in Tokyo for three years.@@@@1@14@@oe@2-2-2013
20037037@unknown@formal@none@1@S@More and more corners of the globe are becoming free of tobacco smoke.@@@@1@13@@oe@2-2-2013
20037038@unknown@formal@none@1@S@In Singapore, a new law requires smokers to put out their cigarettes before entering restaurants, department stores and sports centers or face a $250 fine.@@@@1@25@@oe@2-2-2013
20037039@unknown@formal@none@1@S@Discos and private clubs are exempt from the ban, and smoking will be permitted in bars except during meal hours, an official said.@@@@1@23@@oe@2-2-2013
20037040@unknown@formal@none@1@S@Singapore already bans smoking in all theaters, buses, public elevators, hospitals and fast-food restaurants.@@@@1@14@@oe@2-2-2013
20037041@unknown@formal@none@1@S@In Malaysia, Siti Zaharah Sulaiman, a deputy minister in the prime minister's office, launched a "No-Smoking Week" at the Mara Institute of Technology near Kuala Lumpur and urged other schools to ban on-campus smoking.@@@@1@34@@oe@2-2-2013
20037042@unknown@formal@none@1@S@South Korea has different concerns.@@@@1@5@@oe@2-2-2013
20037043@unknown@formal@none@1@S@In Seoul, officials began visiting about 26,000 cigarette stalls to remove illegal posters and signboards advertising imported cigarettes.@@@@1@18@@oe@2-2-2013
20037044@unknown@formal@none@1@S@South Korea has opened its market to foreign cigarettes but restricts advertising to designated places.@@@@1@15@@oe@2-2-2013
20037045@unknown@formal@none@1@S@A marketing study indicates that Hong Kong consumers are the most materialistic in the 14 major markets where the survey was carried out.@@@@1@23@@oe@2-2-2013
20037046@unknown@formal@none@1@S@The study by the Backer Spielvogel Bates ad agency also found that the colony's consumers feel more pressured than those in any of the other surveyed markets, which include the U.S. and Japan.@@@@1@33@@oe@2-2-2013
20037047@unknown@formal@none@1@S@The survey found that nearly half of Hong Kong consumers espouse what it identified as materialistic values, compared with about one-third in Japan and the U.S.@@@@1@26@@oe@2-2-2013
20037048@unknown@formal@none@1@S@More than three in five said they are under a great deal of stress most of the time, compared with less than one in two U.S. consumers and one in four in Japan.@@@@1@33@@oe@2-2-2013
20037049@unknown@formal@none@1@S@The Thai cabinet endorsed Finance Minister Pramual Sabhavasu's proposal to build a $19 million conference center for a joint meeting of the World Bank and International Monetary Fund two years from now.@@@@1@32@@oe@2-2-2013
20037050@unknown@formal@none@1@S@The meeting, which is expected to draw 20,000 to Bangkok, was going to be held at the Central Plaza Hotel, but the government balked at the hotel's conditions for undertaking necessary expansion.@@@@1@32@@oe@2-2-2013
20037051@unknown@formal@none@1@S@A major concern about the current plan is whether the new center can be built in such a short time.@@@@1@20@@oe@2-2-2013
20037052@unknown@formal@none@1@S@Yasser Arafat has written to the chairman of the International Olympic Committee asking him to back a Palestinian bid to join the committee, the Palestine Liberation Organization news agency WAFA said.@@@@1@31@@oe@2-2-2013
20037053@unknown@formal@none@1@S@An official of the Palestinian Olympic Committee said the committee first applied for membership in 1979 and renewed its application in August of this year.@@@@1@25@@oe@2-2-2013
20037054@unknown@formal@none@1@S@The PLO in recent months has been trying to join international organizations but failed earlier this year to win membership in the World Health Organization and the World Tourism Organization.@@@@1@30@@oe@2-2-2013
20037055@unknown@formal@none@1@S@A Beijing food-shop assistant has become the first mainland Chinese to get AIDS through sex, the People's Daily said.@@@@1@19@@oe@2-2-2013
20037056@unknown@formal@none@1@S@It said the man, whom it did not name, had been found to have the disease after hospital tests.@@@@1@19@@oe@2-2-2013
20037057@unknown@formal@none@1@S@Once the disease was confirmed, all the man's associates and family were tested, but none have so far been found to have AIDS, the newspaper said.@@@@1@26@@oe@2-2-2013
20037058@unknown@formal@none@1@S@The man had for a long time had "a chaotic sex life," including relations with foreign men, the newspaper said.@@@@1@20@@oe@2-2-2013
20037059@unknown@formal@none@1@S@The Polish government increased home electricity charges by 150% and doubled gas prices.@@@@1@13@@oe@2-2-2013
20037060@unknown@formal@none@1@S@The official news agency PAP said the increases were intended to bring unrealistically low energy charges into line with production costs and compensate for a rise in coal prices.@@@@1@29@@oe@2-2-2013
20037061@unknown@formal@none@1@S@In happier news, South Korea, in establishing diplomatic ties with Poland yesterday, announced $450 million in loans to the financially strapped Warsaw government.@@@@1@23@@oe@2-2-2013
20037062@unknown@formal@none@1@S@In a victory for environmentalists, Hungary's parliament terminated a multibillion-dollar River Danube dam being built by Austrian firms.@@@@1@18@@oe@2-2-2013
20037063@unknown@formal@none@1@S@The Nagymaros dam was designed to be twinned with another dam, now nearly complete, 100 miles upstream in Czechoslovakia.@@@@1@19@@oe@2-2-2013
20037064@unknown@formal@none@1@S@In ending Hungary's part of the project, Parliament authorized Prime Minister Miklos Nemeth to modify a 1977 agreement with Czechoslovakia, which still wants the dam to be built.@@@@1@28@@oe@2-2-2013
20037065@unknown@formal@none@1@S@Mr. Nemeth said in parliament that Czechoslovakia and Hungary would suffer environmental damage if the twin dams were built as planned.@@@@1@21@@oe@2-2-2013
20037066@unknown@formal@none@1@S@Czechoslovakia said in May it could seek $2 billion from Hungary if the twindam contract were broken.@@@@1@17@@oe@2-2-2013
20037067@unknown@formal@none@1@S@The Czech dam can't be operated solely at peak periods without the Nagymaros project.@@@@1@14@@oe@2-2-2013
20037068@unknown@formal@none@1@S@A painting by August Strindberg set a Scandinavian price record when it sold at auction in Stockholm for $2.44 million.@@@@1@20@@oe@2-2-2013
20037069@unknown@formal@none@1@S@"Lighthouse II" was painted in oils by the playwright in 1901 . . .@@@@1@14@@oe@2-2-2013
20037070@unknown@formal@none@1@S@After years of decline, weddings in France showed a 2.2% upturn last year, with 6,000 more couples exchanging rings in 1988 than in the previous year, the national statistics office said.@@@@1@31@@oe@2-2-2013
20037071@unknown@formal@none@1@S@But the number of weddings last year -- 271,124 -- was still well below the 400,000 registered in 1972, the last year of increasing marriages.@@@@1@25@@oe@2-2-2013
20038001@unknown@formal@none@1@S@BRAMALEA Ltd. said it agreed to issue 100 million Canadian dollars (US$85.1 million) of 10.5% senior debentures due Nov. 30, 1999, together with 100,000 bond purchase warrants.@@@@1@27@@oe@2-2-2013
20038002@unknown@formal@none@1@S@The Toronto-based real estate concern said each bond warrant entitles the holder to buy C$1,000 principal amount of debentures at par plus accrued interest to the date of purchase.@@@@1@29@@oe@2-2-2013
20038003@unknown@formal@none@1@S@The warrants expire Nov. 30, 1990.@@@@1@6@@oe@2-2-2013
20038004@unknown@formal@none@1@S@The issue will be swapped into fixed-rate U.S. dollars at a rate the company said is less than 9%; a spokesman declined to elaborate.@@@@1@24@@oe@2-2-2013
20038005@unknown@formal@none@1@S@Lead underwriters for the issue are Scotia McLeod Inc. and RBC Dominion Securities Inc., both Toronto-based investment dealers.@@@@1@18@@oe@2-2-2013
20038006@unknown@formal@none@1@S@Bramalea said it expects to complete the issue by the end of the month.@@@@1@14@@oe@2-2-2013
20039001@unknown@formal@none@1@S@As an actor, Charles Lane isn't the inheritor of Charlie Chaplin's spirit.@@@@1@12@@oe@2-2-2013
20039002@unknown@formal@none@1@S@Steve Martin has already laid his claim to that.@@@@1@9@@oe@2-2-2013
20039003@unknown@formal@none@1@S@But it is Mr. Lane, as movie director, producer and writer, who has been obsessed with refitting Chaplin's Little Tramp in a contemporary way.@@@@1@24@@oe@2-2-2013
20039004@unknown@formal@none@1@S@In 1976, as a film student at the Purchase campus of the State University of New York, Mr. Lane shot "A Place in Time," a 36-minute black-and-white film about a sketch artist, a man of the streets.@@@@1@37@@oe@2-2-2013
20039005@unknown@formal@none@1@S@Now, 13 years later, Mr. Lane has revived his Artist in a full-length movie called "Sidewalk Stories," a poignant piece of work about a modern-day tramp.@@@@1@26@@oe@2-2-2013
20039006@unknown@formal@none@1@S@Of course, if the film contained dialogue, Mr. Lane's Artist would be called a homeless person.@@@@1@16@@oe@2-2-2013
20039007@unknown@formal@none@1@S@So would the Little Tramp, for that matter.@@@@1@8@@oe@2-2-2013
20039008@unknown@formal@none@1@S@I say "contained dialogue" because "Sidewalk Stories" isn't really silent at all.@@@@1@12@@oe@2-2-2013
20039009@unknown@formal@none@1@S@Composer Marc Marder, a college friend of Mr. Lane's who earns his living playing the double bass in classical music ensembles, has prepared an exciting, eclectic score that tells you what the characters are thinking and feeling far more precisely than intertitles, or even words, would.@@@@1@46@@oe@2-2-2013
20039010@unknown@formal@none@1@S@Much of Mr. Lane's film takes a highly romanticized view of life on the streets (though probably no more romanticized than Mr. Chaplin's notion of the Tramp as the good-hearted free spirit).@@@@1@32@@oe@2-2-2013
20039011@unknown@formal@none@1@S@Filmed in lovely black and white by Bill Dill, the New York streets of "Sidewalk Stories" seem benign.@@@@1@18@@oe@2-2-2013
20039012@unknown@formal@none@1@S@On Wall Street men and women walk with great purpose, noticing one another only when they jostle for cabs.@@@@1@19@@oe@2-2-2013
20039013@unknown@formal@none@1@S@The Artist hangs out in Greenwich Village, on a strip of Sixth Avenue populated by jugglers, magicians and other good-natured hustlers.@@@@1@21@@oe@2-2-2013
20039014@unknown@formal@none@1@S@(This clearly is not real life: no crack dealers, no dead-eyed men selling four-year-old copies of Cosmopolitan, no one curled up in a cardboard box.)@@@@1@25@@oe@2-2-2013
20039015@unknown@formal@none@1@S@The Artist has his routine.@@@@1@5@@oe@2-2-2013
20039016@unknown@formal@none@1@S@He spends his days sketching passers-by, or trying to.@@@@1@9@@oe@2-2-2013
20039017@unknown@formal@none@1@S@At night he returns to the condemned building he calls home.@@@@1@11@@oe@2-2-2013
20039018@unknown@formal@none@1@S@His life, including his skirmishes with a competing sketch artist, seems carefree.@@@@1@12@@oe@2-2-2013
20039019@unknown@formal@none@1@S@He is his own man.@@@@1@5@@oe@2-2-2013
20039020@unknown@formal@none@1@S@Then, just as the Tramp is given a blind girl to cure in "City Lights," the Artist is put in charge of returning a two-year-old waif (Nicole Alysia), whose father has been murdered by thugs, to her mother.@@@@1@38@@oe@2-2-2013
20039021@unknown@formal@none@1@S@This cute child turns out to be a blessing and a curse.@@@@1@12@@oe@2-2-2013
20039022@unknown@formal@none@1@S@She gives the Artist a sense of purpose, but also alerts him to the serious inadequacy of his vagrant life.@@@@1@20@@oe@2-2-2013
20039023@unknown@formal@none@1@S@The beds at the Bowery Mission seem far drearier when he has to tuck a little girl into one of them at night.@@@@1@23@@oe@2-2-2013
20039024@unknown@formal@none@1@S@To further load the stakes, Mr. Lane dreamed up a highly improbable romance for the Artist, with a young woman who owns her own children's shop and who lives in an expensive high-rise apartment building.@@@@1@35@@oe@2-2-2013
20039025@unknown@formal@none@1@S@This story line might resonate more strongly if Mr. Lane had as strong a presence in front of the camera as he does behind it.@@@@1@25@@oe@2-2-2013
20039026@unknown@formal@none@1@S@Mr. Lane's final purpose isn't to glamorize the Artist's vagabond existence.@@@@1@11@@oe@2-2-2013
20039027@unknown@formal@none@1@S@He has a point he wants to make, and he makes it, with a great deal of force.@@@@1@18@@oe@2-2-2013
20039028@unknown@formal@none@1@S@The movie ends with sound, the sound of street people talking, and there isn't anything whimsical or enviable in those rough, beaten voices.@@@@1@23@@oe@2-2-2013
20039029@unknown@formal@none@1@S@The French film maker Claude Chabrol has managed another kind of weird achievement with his "Story of Women."@@@@1@18@@oe@2-2-2013
20039030@unknown@formal@none@1@S@He has made a harsh, brilliant picture -- one that's captivating -- about a character who, viewed from the most sympathetic angle, would seem disagreeable.@@@@1@25@@oe@2-2-2013
20039031@unknown@formal@none@1@S@Yet this woman, Marie-Louise Giraud, carries historical significance, both as one of the last women to be executed in France and as a symbol of the Vichy government's hypocrisy.@@@@1@29@@oe@2-2-2013
20039032@unknown@formal@none@1@S@While Vichy collaborated with the Germans during World War II in the deaths of thousands of Resistance fighters and Jews, its officials needed a diversionary symbolic traitor.@@@@1@27@@oe@2-2-2013
20039033@unknown@formal@none@1@S@Marie-Louise, a small-time abortionist, was their woman.@@@@1@7@@oe@2-2-2013
20039034@unknown@formal@none@1@S@She became an abortionist accidentally, and continued because it enabled her to buy jam, cocoa and other war-rationed goodies.@@@@1@19@@oe@2-2-2013
20039035@unknown@formal@none@1@S@She was untrained and, in one botched job killed a client.@@@@1@11@@oe@2-2-2013
20039036@unknown@formal@none@1@S@Her remorse was shallow and brief.@@@@1@6@@oe@2-2-2013
20039037@unknown@formal@none@1@S@Although she was kind and playful to her children, she was dreadful to her war-damaged husband; she openly brought her lover into their home.@@@@1@24@@oe@2-2-2013
20039038@unknown@formal@none@1@S@As presented by Mr. Chabrol, and played with thin-lipped intensity by Isabelle Huppert, Marie-Louise (called Marie Latour in the film) was not a nice person.@@@@1@25@@oe@2-2-2013
20039039@unknown@formal@none@1@S@But she didn't deserve to have her head chopped off.@@@@1@10@@oe@2-2-2013
20039040@unknown@formal@none@1@S@There is very little to recommend "Old Gringo," a confused rendering of the Carlos Fuentes novel of the Mexican Revolution.@@@@1@20@@oe@2-2-2013
20039041@unknown@formal@none@1@S@Most of the picture is taken up with endless scenes of many people either fighting or eating and drinking to celebrate victory.@@@@1@22@@oe@2-2-2013
20039042@unknown@formal@none@1@S@I mention the picture only because many bad movies have a bright spot, and this one has Gregory Peck, in a marvelously loose and energetic portrayal of an old man who wants to die the way he wants to die.@@@@1@40@@oe@2-2-2013
20039043@unknown@formal@none@1@S@Video Tip: Before seeing "Sidewalk Stories," take a look at "City Lights," Chaplin's Tramp at his finest.@@@@1@17@@oe@2-2-2013
20040001@unknown@formal@none@1@S@Boeing Co. said it is discussing plans with three of its regular Japanese suppliers to possibly help build a larger version of its popular 767 twin-jet.@@@@1@26@@oe@2-2-2013
20040002@unknown@formal@none@1@S@The discussions are still in preliminary stages, and the specific details haven't been worked out between the Seattle aerospace company and Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd. and Fuji Heavy Industries Ltd.@@@@1@34@@oe@2-2-2013
20040003@unknown@formal@none@1@S@The three Japanese companies build the body sections of the 767, accounting for a combined 15% of the aircraft.@@@@1@19@@oe@2-2-2013
20040004@unknown@formal@none@1@S@Japanese press reports have speculated that the Japanese contribution could rise to between 20% and 25% under the new program.@@@@1@20@@oe@2-2-2013
20040005@unknown@formal@none@1@S@If Boeing goes ahead with the larger 767, the plane could hit the market in the mid-1990s.@@@@1@17@@oe@2-2-2013
20041001@unknown@formal@none@1@S@This is the year the negative ad, for years a secondary presence in most political campaigns, became the main event.@@@@1@20@@oe@2-2-2013
20041002@unknown@formal@none@1@S@The irony is that the attack commercial, after getting a boost in last year's presidential campaign, has come of age in an off-off election year with only a few contests scattered across the country.@@@@1@34@@oe@2-2-2013
20041003@unknown@formal@none@1@S@But in the three leading political contests of 1989, the negative ads have reached new levels of hostility, raising fears that this kind of mudslinging, empty of significant issues, is ushering in a new era of campaigns without content.@@@@1@39@@oe@2-2-2013
20041004@unknown@formal@none@1@S@"Now," says Joseph Napolitan, a pioneer in political television, "the idea is to attack first, last and always."@@@@1@18@@oe@2-2-2013
20041005@unknown@formal@none@1@S@A trend that started with the first stirrings of politics, accelerated with the dawn of the television age and became a sometimes-tawdry art form in 1988, has reached an entirely new stage.@@@@1@32@@oe@2-2-2013
20041006@unknown@formal@none@1@S@"To get people's attention these days," says Douglas Bailey, a political consultant, "your TV ad needs to be bold and entertaining, and, more often than not, that means confrontational.@@@@1@29@@oe@2-2-2013
20041007@unknown@formal@none@1@S@And, unlike a few years ago, you don't even have to worry whether the ad is truthful."@@@@1@17@@oe@2-2-2013
20041008@unknown@formal@none@1@S@In 1989, as often as not, the principal fights in the major campaigns are prompted by the ads themselves.@@@@1@19@@oe@2-2-2013
20041009@unknown@formal@none@1@S@Take a look, then, at the main attack commercials that set the tone for Tuesday's elections in New York City, New Jersey and Virginia:@@@@1@24@@oe@2-2-2013
20041010@unknown@formal@none@1@S@New York City:@@@@1@3@@oe@2-2-2013
20041011@unknown@formal@none@1@S@The screen fills with a small, tight facial shot of David Dinkins, Democratic candidate for mayor of New York City.@@@@1@20@@oe@2-2-2013
20041012@unknown@formal@none@1@S@"David Dinkins failed to file his income taxes for four straight years," says a disembodied male voice.@@@@1@17@@oe@2-2-2013
20041013@unknown@formal@none@1@S@And then this television commercial, paid for by Republican Rudolph Giuliani's campaign and produced by Roger Ailes, the master of negative TV ads, really gets down to business.@@@@1@28@@oe@2-2-2013
20041014@unknown@formal@none@1@S@Mr. Dinkins, the ad charges, also failed to report his campaign contributions accurately, hid his links to a failing insurance company and paid a convicted kidnapper "through a phony organization with no members, no receipts and no office."@@@@1@38@@oe@2-2-2013
20041015@unknown@formal@none@1@S@"David Dinkins," says the kicker, "Why does he always wait until he's caught?"@@@@1@13@@oe@2-2-2013
20041016@unknown@formal@none@1@S@"Nasty innuendoes," says John Siegal, Mr. Dinkins's issues director, "designed to prosecute a case of political corruption that simply doesn't exist."@@@@1@21@@oe@2-2-2013
20041017@unknown@formal@none@1@S@Stung by the Giuliani ads, Mr. Dinkins's TV consultants, Robert Shrum and David Doak, finally unleashed a negative ad of their own.@@@@1@22@@oe@2-2-2013
20041018@unknown@formal@none@1@S@The screen shows two distorted, unrecognizable photos, presumably of two politicians.@@@@1@11@@oe@2-2-2013
20041019@unknown@formal@none@1@S@"Compare two candidates for mayor," says the announcer.@@@@1@8@@oe@2-2-2013
20041020@unknown@formal@none@1@S@"One says he's for banning cop-killer bullets.@@@@1@7@@oe@2-2-2013
20041021@unknown@formal@none@1@S@The other has opposed a ban on cop-killer bullets.@@@@1@9@@oe@2-2-2013
20041022@unknown@formal@none@1@S@One claims he's pro-choice.@@@@1@4@@oe@2-2-2013
20041023@unknown@formal@none@1@S@The other has opposed a woman's right to choose."@@@@1@9@@oe@2-2-2013
20041024@unknown@formal@none@1@S@"Funny thing," says the kicker, "both these candidates are named Rudolph Giuliani."@@@@1@12@@oe@2-2-2013
20041025@unknown@formal@none@1@S@Who's telling the truth?@@@@1@4@@oe@2-2-2013
20041026@unknown@formal@none@1@S@Everybody -- and nobody.@@@@1@4@@oe@2-2-2013
20041027@unknown@formal@none@1@S@It's a classic situation of ads that are true but not always fully accurate.@@@@1@14@@oe@2-2-2013
20041028@unknown@formal@none@1@S@Mr. Dinkins did fail to file his income taxes for four years, but he insists he voluntarily admitted the "oversight" when he was being considered for a city job.@@@@1@29@@oe@2-2-2013
20041029@unknown@formal@none@1@S@He was on the board of an insurance company with financial problems, but he insists he made no secret of it.@@@@1@21@@oe@2-2-2013
20041030@unknown@formal@none@1@S@The city's Campaign Finance Board has refused to pay Mr. Dinkins $95,142 in matching funds because his campaign records are incomplete.@@@@1@21@@oe@2-2-2013
20041031@unknown@formal@none@1@S@The campaign has blamed these reporting problems on computer errors.@@@@1@10@@oe@2-2-2013
20041032@unknown@formal@none@1@S@And, says Mr. Dinkins, he didn't know the man his campaign paid for a get-out-the-vote effort had been convicted of kidnapping.@@@@1@21@@oe@2-2-2013
20041033@unknown@formal@none@1@S@But, say Mr. Dinkins's managers, he did have an office and his organization did have members.@@@@1@16@@oe@2-2-2013
20041034@unknown@formal@none@1@S@Mr. Giuliani's campaign chairman, Peter Powers, says the Dinkins ad is "deceptive."@@@@1@12@@oe@2-2-2013
20041035@unknown@formal@none@1@S@The other side, he argues, "knows Giuliani has always been pro-choice, even though he has personal reservations.@@@@1@17@@oe@2-2-2013
20041036@unknown@formal@none@1@S@They know he is generally opposed to cop-killer bullets, but that he had some reservations about the language in the legislation."@@@@1@21@@oe@2-2-2013
20041037@unknown@formal@none@1@S@Virginia:@@@@1@1@@oe@2-2-2013
20041038@unknown@formal@none@1@S@Democratic Lt. Gov. Douglas Wilder opened his gubernatorial battle with Republican Marshall Coleman with an abortion commercial produced by Frank Greer that analysts of every political persuasion agree was a tour de force.@@@@1@33@@oe@2-2-2013
20041039@unknown@formal@none@1@S@Against a shot of Monticello superimposed on an American flag, an announcer talks about the "strong tradition of freedom and individual liberty" that Virginians have nurtured for generations.@@@@1@28@@oe@2-2-2013
20041040@unknown@formal@none@1@S@Then, just as an image of the statue of Thomas Jefferson dissolves from the screen, the announcer continues: "On the issue of abortion, Marshall Coleman wants to take away your right to choose and give it to the politicians."@@@@1@39@@oe@2-2-2013
20041041@unknown@formal@none@1@S@That commercial -- which said Mr. Coleman wanted to take away the right of abortion "even in cases of rape and incest," a charge Mr. Coleman denies -- changed the dynamics of the campaign, transforming it, at least in part, into a referendum on abortion.@@@@1@45@@oe@2-2-2013
20041042@unknown@formal@none@1@S@The ad prompted Mr. Coleman, the former Virginia attorney general, to launch a series of advertisements created by Bob Goodman and designed to shake Mr. Wilder's support among the very women who were attracted by the abortion ad.@@@@1@38@@oe@2-2-2013
20041043@unknown@formal@none@1@S@The Coleman counterattack featured a close-up of a young woman in shadows and the ad suggested that she was recalling an unpleasant courtroom ordeal.@@@@1@24@@oe@2-2-2013
20041044@unknown@formal@none@1@S@A voice says, "C'mon, now, don't you have boyfriends?"@@@@1@9@@oe@2-2-2013
20041045@unknown@formal@none@1@S@Then an announcer interjects: "It was Douglas Wilder who introduced a bill to force rape victims age 13 and younger to be interrogated about their private lives by lawyers for accused rapists.@@@@1@32@@oe@2-2-2013
20041046@unknown@formal@none@1@S@So the next time Mr. Wilder talks about the rights of women, ask him about this law he tried to pass."@@@@1@21@@oe@2-2-2013
20041047@unknown@formal@none@1@S@Mr. Wilder did introduce such legislation 17 years ago, but he did so at the request of a constituent, a common legislative technique used by lawmakers.@@@@1@26@@oe@2-2-2013
20041048@unknown@formal@none@1@S@The legislation itself noted that it was introduced "by request," and in 1983 Mr. Wilder introduced a bill to protect rape victims from unfounded interrogation.@@@@1@25@@oe@2-2-2013
20041049@unknown@formal@none@1@S@"People have grown tired of these ads and Coleman has gotten the stigma of being a negative campaigner," says Mark Rozell, a political scientist at Mary Washington College.@@@@1@28@@oe@2-2-2013
20041050@unknown@formal@none@1@S@"Wilder has managed to get across the idea that Coleman will say anything to get elected governor and -- more important -- has been able to put the onus for all the negative campaigning on Coleman."@@@@1@36@@oe@2-2-2013
20041051@unknown@formal@none@1@S@Mr. Coleman said this week that he would devote the remainder of the political season to positive campaigning, but the truce lasted only hours.@@@@1@24@@oe@2-2-2013
20041052@unknown@formal@none@1@S@By Tuesday night, television stations were carrying new ads featuring Mr. Coleman himself raising questions about Mr. Wilder's sensitivity to rape victims.@@@@1@22@@oe@2-2-2013
20041053@unknown@formal@none@1@S@New Jersey:@@@@1@2@@oe@2-2-2013
20041054@unknown@formal@none@1@S@The attacks began when Democratic Rep. James Florio aired an ad featuring a drawing of Pinocchio and a photograph of Mr. Florio's rival, Republican Rep. Jim Courter.@@@@1@27@@oe@2-2-2013
20041055@unknown@formal@none@1@S@"Remember Pinocchio?" says a female voice.@@@@1@6@@oe@2-2-2013
20041056@unknown@formal@none@1@S@"Consider Jim Courter."@@@@1@3@@oe@2-2-2013
20041057@unknown@formal@none@1@S@And then this commercial, produced by Bob Squier, gets down to its own mean and dirty business.@@@@1@17@@oe@2-2-2013
20041058@unknown@formal@none@1@S@Pictures of rusted oil drums swim into focus, and the female voice purrs, "That hazardous waste on his {Mr. Courter's} property -- the neighbors are suing for consumer fraud."@@@@1@29@@oe@2-2-2013
20041059@unknown@formal@none@1@S@And the nose on Mr. Courter's face grows.@@@@1@8@@oe@2-2-2013
20041060@unknown@formal@none@1@S@The only fraud involved, cry Mr. Courter's partisans, is the Florio commercial itself, and so the Courter campaign has responded with its own Pinocchio commercial, produced by Mr. Ailes.@@@@1@29@@oe@2-2-2013
20041061@unknown@formal@none@1@S@In this one, the screen fills with photographs of both candidates.@@@@1@11@@oe@2-2-2013
20041062@unknown@formal@none@1@S@"Who's really lying?" asks a female voice.@@@@1@7@@oe@2-2-2013
20041063@unknown@formal@none@1@S@"Florio's lying," the voice goes on, because "the barrel on Courter's land . . . contained heating oil, was cleaned up and caused no pollution."@@@@1@25@@oe@2-2-2013
20041064@unknown@formal@none@1@S@Mr. Courter's long nose shrinks while Mr. Florio's grows.@@@@1@9@@oe@2-2-2013
20041065@unknown@formal@none@1@S@Who's telling the truth?@@@@1@4@@oe@2-2-2013
20041066@unknown@formal@none@1@S@Stephen Salmore, a political scientist at New Jersey's Eagleton Institute, says it's another example of an ad that's true but not fully accurate.@@@@1@23@@oe@2-2-2013
20041067@unknown@formal@none@1@S@Barrels were dumped on the Courter property, a complaint was made, but there is no evidence the barrels were a serious threat to the environment.@@@@1@25@@oe@2-2-2013
20041068@unknown@formal@none@1@S@Even so, according to Mr. Salmore, the ad was "devastating" because it raised questions about Mr. Courter's credibility.@@@@1@18@@oe@2-2-2013
20041069@unknown@formal@none@1@S@But it's building on a long tradition.@@@@1@7@@oe@2-2-2013
20041070@unknown@formal@none@1@S@In 1966, on route to a re-election rout of Democrat Frank O'Connor, GOP Gov. Nelson Rockefeller of New York appeared in person saying, "If you want to keep the crime rates high, O'Connor is your man."@@@@1@36@@oe@2-2-2013
20042001@unknown@formal@none@1@S@A seat on the Chicago Board of Trade was sold for $350,000, down $16,000 from the previous sale last Friday.@@@@1@20@@oe@2-2-2013
20042002@unknown@formal@none@1@S@Seats currently are quoted at $331,000, bid, and $350,000, asked.@@@@1@10@@oe@2-2-2013
20042003@unknown@formal@none@1@S@The record price for a full membership on the exchange is $550,000, set Aug. 31, 1987.@@@@1@16@@oe@2-2-2013
20043001@unknown@formal@none@1@S@Japanese investment in Southeast Asia is propelling the region toward economic integration.@@@@1@12@@oe@2-2-2013
20043002@unknown@formal@none@1@S@Interviews with analysts and business people in the U.S. suggest that Japanese capital may produce the economic cooperation that Southeast Asian politicians have pursued in fits and starts for decades.@@@@1@30@@oe@2-2-2013
20043003@unknown@formal@none@1@S@But Japan's power in the region also is sparking fears of domination and posing fresh policy questions.@@@@1@17@@oe@2-2-2013
20043004@unknown@formal@none@1@S@The flow of Japanese funds has set in motion "a process whereby these economies will be knitted together by the great Japanese investment machine," says Robert Hormats, vice chairman of Goldman Sachs International Corp.@@@@1@34@@oe@2-2-2013
20043005@unknown@formal@none@1@S@In the past five years, Japanese companies have tripled their commitments in Asia to $5.57 billion.@@@@1@16@@oe@2-2-2013
20043006@unknown@formal@none@1@S@In Thailand, for example, the government's Board of Investment approved $705.6 million of Japanese investment in 1988, 10 times the U.S. investment figure for the year.@@@@1@26@@oe@2-2-2013
20043007@unknown@formal@none@1@S@Japan's commitment in Southeast Asia also includes steep increases in foreign assistance and trade.@@@@1@14@@oe@2-2-2013
20043008@unknown@formal@none@1@S@Asia's other cash-rich countries are following Japan's lead and pumping capital into the region.@@@@1@14@@oe@2-2-2013
20043009@unknown@formal@none@1@S@In Taiwan and South Korea, rising wages are forcing manufacturers to seek other overseas sites for labor-intensive production.@@@@1@18@@oe@2-2-2013
20043010@unknown@formal@none@1@S@These nations, known as Asia's "little tigers," also are contributing to Southeast Asia's integration, but their influence will remain subordinate to Japan's.@@@@1@22@@oe@2-2-2013
20043011@unknown@formal@none@1@S@For recipient countries such as Thailand and Malaysia, the investment will provide needed jobs and spur growth.@@@@1@17@@oe@2-2-2013
20043012@unknown@formal@none@1@S@But Asian nations' harsh memories of their military domination by Japan in the early part of this century make them fearful of falling under Japanese economic hegemony now.@@@@1@28@@oe@2-2-2013
20043013@unknown@formal@none@1@S@Because of budget constraints in Washington, the U.S. encourages Japan to share economic burdens in the region.@@@@1@17@@oe@2-2-2013
20043014@unknown@formal@none@1@S@But it resists yielding political ground.@@@@1@6@@oe@2-2-2013
20043015@unknown@formal@none@1@S@In the coming decade, analysts say, U.S.-Japanese relations will be tested as Tokyo comes to terms with its new status as the region's economic behemoth.@@@@1@25@@oe@2-2-2013
20043016@unknown@formal@none@1@S@Japan's swelling investment in Southeast Asia is part of its economic evolution.@@@@1@12@@oe@2-2-2013
20043017@unknown@formal@none@1@S@In the past decade, Japanese manufacturers concentrated on domestic production for export.@@@@1@12@@oe@2-2-2013
20043018@unknown@formal@none@1@S@In the 1990s, spurred by rising labor costs and the strong yen, these companies will increasingly turn themselves into multinationals with plants around the world.@@@@1@25@@oe@2-2-2013
20043019@unknown@formal@none@1@S@To capture the investment, Southeast Asian nations will move to accommodate Japanese business.@@@@1@13@@oe@2-2-2013
20043020@unknown@formal@none@1@S@These nations' internal decisions "will be made in a way not to offend their largest aid donor, largest private investor and largest lender," says Richard Drobnick, director of the international business and research program at the University of Southern California's Graduate School of Business.@@@@1@44@@oe@2-2-2013
20043021@unknown@formal@none@1@S@Japanese money will help turn Southeast Asia into a more cohesive economic region.@@@@1@13@@oe@2-2-2013
20043022@unknown@formal@none@1@S@But, analysts say, Asian cooperation isn't likely to parallel the European Common Market approach.@@@@1@14@@oe@2-2-2013
20043023@unknown@formal@none@1@S@Rather, Japanese investment will spur integration of certain sectors, says Kent Calder, a specialist in East Asian economies at the Woodrow Wilson School for Public and Internatonal Affairs at Princeton University.@@@@1@31@@oe@2-2-2013
20043024@unknown@formal@none@1@S@In electronics, for example, a Japanese company might make television picture tubes in Japan, assemble the sets in Malaysia and export them to Indonesia.@@@@1@24@@oe@2-2-2013
20043025@unknown@formal@none@1@S@"The effect will be to pull Asia together not as a common market but as an integrated production zone," says Goldman Sachs's Mr. Hormats.@@@@1@24@@oe@2-2-2013
20043026@unknown@formal@none@1@S@Countries in the region also are beginning to consider a framework for closer economic and political ties.@@@@1@17@@oe@2-2-2013
20043027@unknown@formal@none@1@S@The economic and foreign ministers of 12 Asian and Pacific nations will meet in Australia next week to discuss global trade issues as well as regional matters such as transportation and telecommunications.@@@@1@32@@oe@2-2-2013
20043028@unknown@formal@none@1@S@Participants will include the U.S., Australia, Canada, Japan, South Korea and New Zealand as well as the six members of the Association of Southeast Asian Nations -- Thailand, Malaysia, Singapore, Indonesia, the Philippines and Brunei.@@@@1@35@@oe@2-2-2013
20043029@unknown@formal@none@1@S@In addition, the U.S. this year offered its own plan for cooperation around the Pacific rim in a major speech by Secretary of State James Baker, following up a proposal made in January by Australian Prime Minister Bob Hawke.@@@@1@39@@oe@2-2-2013
20043030@unknown@formal@none@1@S@The Baker proposal reasserts Washington's intention to continue playing a leading political role in the region.@@@@1@16@@oe@2-2-2013
20043031@unknown@formal@none@1@S@"In Asia, as in Europe, a new order is taking shape," Mr. Baker said.@@@@1@14@@oe@2-2-2013
20043032@unknown@formal@none@1@S@"The U.S., with its regional friends, must play a crucial role in designing its architecture."@@@@1@15@@oe@2-2-2013
20043033@unknown@formal@none@1@S@But maintaining U.S. influence will be difficult in the face of Japanese dominance in the region.@@@@1@16@@oe@2-2-2013
20043034@unknown@formal@none@1@S@Japan not only outstrips the U.S. in investment flows but also outranks it in trade with most Southeast Asian countries (although the U.S. remains the leading trade partner for all of Asia).@@@@1@32@@oe@2-2-2013
20043035@unknown@formal@none@1@S@Moreover, the Japanese government, now the world's largest aid donor, is pumping far more assistance into the region than the U.S. is.@@@@1@22@@oe@2-2-2013
20043036@unknown@formal@none@1@S@While U.S. officials voice optimism about Japan's enlarged role in Asia, they also convey an undertone of caution.@@@@1@18@@oe@2-2-2013
20043037@unknown@formal@none@1@S@"There's an understanding on the part of the U.S. that Japan has to expand its functions" in Asia, says J. Michael Farren, undersecretary of commerce for trade.@@@@1@27@@oe@2-2-2013
20043038@unknown@formal@none@1@S@"If they approach it with a benevolent, altruistic attitude, there will be a net gain for everyone."@@@@1@17@@oe@2-2-2013
20043039@unknown@formal@none@1@S@Some Asian nations are apprehensive about Washington's demand that Tokyo step up its military spending to ease the U.S. security burden in the region.@@@@1@24@@oe@2-2-2013
20043040@unknown@formal@none@1@S@The issue is further complicated by uncertainty over the future of the U.S.'s leases on military bases in the Philippines and by a possible U.S. troop reduction in South Korea.@@@@1@30@@oe@2-2-2013
20043041@unknown@formal@none@1@S@Many Asians regard a U.S. presence as a desirable counterweight to Japanese influence.@@@@1@13@@oe@2-2-2013
20043042@unknown@formal@none@1@S@"No one wants the U.S. to pick up its marbles and go home," Mr. Hormats says.@@@@1@16@@oe@2-2-2013
20043043@unknown@formal@none@1@S@For their part, Taiwan and South Korea are expected to step up their own investments in the next decade to try to slow the Japanese juggernaut.@@@@1@26@@oe@2-2-2013
20043044@unknown@formal@none@1@S@"They don't want Japan to monopolize the region and sew it up," says Chong-sik Lee, professor of East Asian politics at the University of Pennsylvania.@@@@1@25@@oe@2-2-2013
20044001@unknown@formal@none@1@S@Cathryn Rice could hardly believe her eyes.@@@@1@7@@oe@2-2-2013
20044002@unknown@formal@none@1@S@While giving the Comprehensive Test of Basic Skills to ninth graders at Greenville High School last March 16, she spotted a student looking at crib sheets.@@@@1@26@@oe@2-2-2013
20044003@unknown@formal@none@1@S@She had seen cheating before, but these notes were uncanny.@@@@1@10@@oe@2-2-2013
20044004@unknown@formal@none@1@S@"A stockbroker is an example of a profession in trade and finance. . . .@@@@1@15@@oe@2-2-2013
20044005@unknown@formal@none@1@S@At the end of World War II, Germany surrendered before Japan. . . .@@@@1@14@@oe@2-2-2013
20044006@unknown@formal@none@1@S@The Senate-House conference committee is used when a bill is passed by the House and Senate in different forms."@@@@1@19@@oe@2-2-2013
20044007@unknown@formal@none@1@S@Virtually word for word, the notes matched questions and answers on the social-studies section of the test the student was taking.@@@@1@21@@oe@2-2-2013
20044008@unknown@formal@none@1@S@In fact, the student had the answers to almost all of the 40 questions in that section.@@@@1@17@@oe@2-2-2013
20044009@unknown@formal@none@1@S@The student surrendered the notes, but not without a protest.@@@@1@10@@oe@2-2-2013
20044010@unknown@formal@none@1@S@"My teacher said it was OK for me to use the notes on the test," he said.@@@@1@17@@oe@2-2-2013
20044011@unknown@formal@none@1@S@The teacher in question was Nancy Yeargin -- considered by many students and parents to be one of the best at the school.@@@@1@23@@oe@2-2-2013
20044012@unknown@formal@none@1@S@Confronted, Mrs. Yeargin admitted she had given the questions and answers two days before the examination to two low-ability geography classes.@@@@1@21@@oe@2-2-2013
20044013@unknown@formal@none@1@S@She had gone so far as to display the questions on an overhead projector and underline the answers.@@@@1@18@@oe@2-2-2013
20044014@unknown@formal@none@1@S@Mrs. Yeargin was fired and prosecuted under an unusual South Carolina law that makes it a crime to breach test security.@@@@1@21@@oe@2-2-2013
20044015@unknown@formal@none@1@S@In September, she pleaded guilty and paid a $500 fine.@@@@1@10@@oe@2-2-2013
20044016@unknown@formal@none@1@S@Her alternative was 90 days in jail.@@@@1@7@@oe@2-2-2013
20044017@unknown@formal@none@1@S@Her story is partly one of personal downfall.@@@@1@8@@oe@2-2-2013
20044018@unknown@formal@none@1@S@She was an unstinting teacher who won laurels and inspired students, but she will probably never teach again.@@@@1@18@@oe@2-2-2013
20044019@unknown@formal@none@1@S@In her wake she left the bitterness and anger of a principal who was her friend and now calls her a betrayer; of colleagues who say she brought them shame; of students and parents who defended her and insist she was treated harshly; and of school-district officials stunned that despite the bald-faced nature of her actions, she became something of a local martyr.@@@@1@63@@oe@2-2-2013
20044020@unknown@formal@none@1@S@Mrs. Yeargin's case also casts some light on the dark side of school reform, where pressures on teachers are growing and where high-stakes testing has enhanced the temptation to cheat.@@@@1@30@@oe@2-2-2013
20044021@unknown@formal@none@1@S@The 1987 statute Mrs. Yeargin violated was designed to enforce provisions of South Carolina's school-improvement laws.@@@@1@16@@oe@2-2-2013
20044022@unknown@formal@none@1@S@Prosecutors alleged that she was trying to bolster students' scores to win a bonus under the state's 1984 Education Improvement Act.@@@@1@21@@oe@2-2-2013
20044023@unknown@formal@none@1@S@The bonus depended on her ability to produce higher student-test scores.@@@@1@11@@oe@2-2-2013
20044024@unknown@formal@none@1@S@"There is incredible pressure on school systems and teachers to raise test scores," says Walt Haney, an education professor and testing specialist at Boston College.@@@@1@25@@oe@2-2-2013
20044025@unknown@formal@none@1@S@"So efforts to beat the tests are also on the rise."@@@@1@11@@oe@2-2-2013
20044026@unknown@formal@none@1@S@And most disturbing, it is educators, not students, who are blamed for much of the wrongdoing.@@@@1@16@@oe@2-2-2013
20044027@unknown@formal@none@1@S@A 50-state study released in September by Friends for Education, an Albuquerque, N.M., school-research group, concluded that "outright cheating by American educators" is "common."@@@@1@24@@oe@2-2-2013
20044028@unknown@formal@none@1@S@The group says standardized achievement test scores are greatly inflated because teachers often "teach the test" as Mrs. Yeargin did, although most are never caught.@@@@1@25@@oe@2-2-2013
20044029@unknown@formal@none@1@S@Evidence of widespread cheating has surfaced in several states in the last year or so.@@@@1@15@@oe@2-2-2013
20044030@unknown@formal@none@1@S@California's education department suspects adult responsibility for erasures at 40 schools that changed wrong answers to right ones on a statewide test.@@@@1@22@@oe@2-2-2013
20044031@unknown@formal@none@1@S@After numerous occurrences of questionable teacher help to students, Texas is revising its security practices.@@@@1@15@@oe@2-2-2013
20044032@unknown@formal@none@1@S@And sales of test-coaching booklets for classroom instruction are booming.@@@@1@10@@oe@2-2-2013
20044033@unknown@formal@none@1@S@These materials, including Macmillan/McGraw-Hill School Publishing Co.'s Scoring High and Learning Materials -- are nothing short of sophisticated crib sheets, according to some recent academic research.@@@@1@26@@oe@2-2-2013
20044034@unknown@formal@none@1@S@By using them, teachers -- with administrative blessing -- telegraph to students beforehand the precise areas on which a test will concentrate, and sometimes give away a few exact questions and answers.@@@@1@32@@oe@2-2-2013
20044035@unknown@formal@none@1@S@Use of Scoring High is widespread in South Carolina and common in Greenville County, Mrs. Yeargin's school district.@@@@1@18@@oe@2-2-2013
20044036@unknown@formal@none@1@S@Experts say there isn't another state in the country where tests mean as much as they do in South Carolina.@@@@1@20@@oe@2-2-2013
20044037@unknown@formal@none@1@S@Under the state's Education Improvement Act, low test scores can block students' promotions or force entire districts into wrenching, state-supervised "interventions" that can mean firings.@@@@1@25@@oe@2-2-2013
20044038@unknown@formal@none@1@S@High test scores, on the other hand, bring recognition and extra money -- a new computer lab for a school, grants for special projects, a bonus for the superintendent.@@@@1@29@@oe@2-2-2013
20044039@unknown@formal@none@1@S@And South Carolina says it is getting results.@@@@1@8@@oe@2-2-2013
20044040@unknown@formal@none@1@S@Since the reforms went in place, for example, no state has posted a higher rate of improvement on the Scholastic Aptitude Test than South Carolina, although the state still posts the lowest average score of the about 21 states who use the SAT as the primary college entrance examination.@@@@1@49@@oe@2-2-2013
20044041@unknown@formal@none@1@S@Critics say South Carolina is paying a price by stressing improved test scores so much.@@@@1@15@@oe@2-2-2013
20044042@unknown@formal@none@1@S@Friends of Education rates South Carolina one of the worst seven states in its study on academic cheating.@@@@1@18@@oe@2-2-2013
20044043@unknown@formal@none@1@S@Says the organization's founder, John Cannell, prosecuting Mrs. Yeargin is "a way for administrators to protect themselves and look like they take cheating seriously, when in fact they don't take it seriously at all."@@@@1@34@@oe@2-2-2013
20044044@unknown@formal@none@1@S@Paul Sandifer, director of testing for the South Carolina department of education, says Mr. Cannell's allegations of cheating "are purely without foundation," and based on unfair inferences.@@@@1@27@@oe@2-2-2013
20044045@unknown@formal@none@1@S@Partly because of worries about potential abuse, however, he says the state will begin keeping closer track of achievement-test preparation booklets next spring.@@@@1@23@@oe@2-2-2013
20044046@unknown@formal@none@1@S@South Carolina's reforms were designed for schools like Greenville High School.@@@@1@11@@oe@2-2-2013
20044047@unknown@formal@none@1@S@Standing on a shaded hill in a run-down area of this old textile city, the school has educated many of South Carolina's best and brightest, including the state's last two governors, Nobel Prize winning physicist Charles Townes and actress Joanne Woodward.@@@@1@41@@oe@2-2-2013
20044048@unknown@formal@none@1@S@But by the early 1980s, its glory had faded like the yellow bricks of its broad facade.@@@@1@17@@oe@2-2-2013
20044049@unknown@formal@none@1@S@"It was full of violence and gangs and kids cutting class," says Linda Ward, the school's principal.@@@@1@17@@oe@2-2-2013
20044050@unknown@formal@none@1@S@"Crime was awful, test scores were low, and there was no enrollment in honors programs."@@@@1@15@@oe@2-2-2013
20044051@unknown@formal@none@1@S@Mrs. Ward took over in 1986, becoming the school's seventh principal in 15 years.@@@@1@14@@oe@2-2-2013
20044052@unknown@formal@none@1@S@Her immediate predecessor suffered a nervous breakdown.@@@@1@7@@oe@2-2-2013
20044053@unknown@formal@none@1@S@Prior to his term, a teacher bled to death in the halls, stabbed by a student.@@@@1@16@@oe@2-2-2013
20044054@unknown@formal@none@1@S@Academically, Mrs. Ward says, the school was having trouble serving in harmony its two disparate, and evenly split, student groups: a privileged white elite from old monied neighborhoods and blacks, many of them poor, from run-down, inner city neighborhoods.@@@@1@39@@oe@2-2-2013
20044055@unknown@formal@none@1@S@Mrs. Ward resolved to clean out "deadwood" in the school's faculty and restore safety, and she also had some new factors working in her behalf.@@@@1@25@@oe@2-2-2013
20044056@unknown@formal@none@1@S@One was statewide school reform, which raised overall educational funding and ushered in a new public spirit for school betterment.@@@@1@20@@oe@2-2-2013
20044057@unknown@formal@none@1@S@Another was Nancy Yeargin, who came to Greenville in 1985, full of the energy and ambitions that reformers wanted to reward.@@@@1@21@@oe@2-2-2013
20044058@unknown@formal@none@1@S@"Being a teacher just became my life," says the 37-year-old Mrs. Yeargin, a teacher for 12 years before her dismissal. "@@@@1@21@@oe@2-2-2013
20044059@unknown@formal@none@1@S@I loved the school, its history.@@@@1@6@@oe@2-2-2013
20044060@unknown@formal@none@1@S@I even dreamt about school and new things to do with my students."@@@@1@13@@oe@2-2-2013
20044061@unknown@formal@none@1@S@While Mrs. Ward fired and restructured staff and struggled to improve curriculum, Mrs. Yeargin worked 14-hour days and fast became a student favorite.@@@@1@23@@oe@2-2-2013
20044062@unknown@formal@none@1@S@In 1986-87 and 1987-88, she applied for and won bonus pay under the reform law.@@@@1@15@@oe@2-2-2013
20044063@unknown@formal@none@1@S@Encouraged by Mrs. Ward, Mrs. Yeargin taught honor students in the state "teacher cadet" program, a reform creation designed to encourage good students to consider teaching as a career.@@@@1@29@@oe@2-2-2013
20044064@unknown@formal@none@1@S@She won grant money for the school, advised cheerleaders, ran the pep club, proposed and taught a new "Cultural Literacy" class in Western Civilization and was chosen by the school PTA as "Teacher of the Year."@@@@1@36@@oe@2-2-2013
20044065@unknown@formal@none@1@S@"She was an inspirational lady; she had it all together," says Laura Dobson, a freshman at the University of South Carolina who had Mrs. Yeargin in the teacher-cadet class last year.@@@@1@31@@oe@2-2-2013
20044066@unknown@formal@none@1@S@She says that because of Mrs. Yeargin she gave up ambitions in architecture and is studying to become a teacher.@@@@1@20@@oe@2-2-2013
20044067@unknown@formal@none@1@S@Mary Beth Marchand, a Greenville 11th grader, also says Mrs. Yeargin inspired her to go into education.@@@@1@17@@oe@2-2-2013
20044068@unknown@formal@none@1@S@"She taught us more in Western Civilization than I've ever learned in other classes," says Kelli Green, a Greenville senior.@@@@1@20@@oe@2-2-2013
20044069@unknown@formal@none@1@S@In the classroom, students say, Mrs. Yeargin distinguished herself by varying teaching approaches -- forcing kids to pair up to complete classroom work or using college-bowl type competitions.@@@@1@28@@oe@2-2-2013
20044070@unknown@formal@none@1@S@On weekends, she came to work to prepare study plans or sometimes, even to polish the furniture in her classroom.@@@@1@20@@oe@2-2-2013
20044071@unknown@formal@none@1@S@"She just never gave it up," says Mary Marchand, Mary Beth's mother.@@@@1@12@@oe@2-2-2013
20044072@unknown@formal@none@1@S@"You'd see her correcting homework in the stands at a football game."@@@@1@12@@oe@2-2-2013
20044073@unknown@formal@none@1@S@Some fellow teachers, however, viewed Mrs. Yeargin as cocky and too yielding to students.@@@@1@14@@oe@2-2-2013
20044074@unknown@formal@none@1@S@Mrs. Ward says she often defended her to colleagues who called her a grandstander.@@@@1@14@@oe@2-2-2013
20044075@unknown@formal@none@1@S@Pressures began to build.@@@@1@4@@oe@2-2-2013
20044076@unknown@formal@none@1@S@Friends told her she was pushing too hard.@@@@1@8@@oe@2-2-2013
20044077@unknown@formal@none@1@S@Because of deteriorating hearing, she told colleagues she feared she might not be able to teach much longer.@@@@1@18@@oe@2-2-2013
20044078@unknown@formal@none@1@S@Mrs. Yeargin's extra work was also helping her earn points in the state's incentive-bonus program.@@@@1@15@@oe@2-2-2013
20044079@unknown@formal@none@1@S@But the most important source of points was student improvement on tests.@@@@1@12@@oe@2-2-2013
20044080@unknown@formal@none@1@S@Huge gains by her students in 1987 and 1988 meant a total of $5,000 in bonuses over two years -- a meaningful addition to her annual salary of $23,000.@@@@1@29@@oe@2-2-2013
20044081@unknown@formal@none@1@S@Winning a bonus for a third year wasn't that important to her, Mrs. Yeargin insists.@@@@1@15@@oe@2-2-2013
20044082@unknown@formal@none@1@S@But others at Greenville High say she was eager to win -- if not for money, then for pride and recognition.@@@@1@21@@oe@2-2-2013
20044083@unknown@formal@none@1@S@Mary Elizabeth Ariail, another social-studies teacher, says she believed Mrs. Yeargin wanted to keep her standing high so she could get a new job that wouldn't demand good hearing.@@@@1@29@@oe@2-2-2013
20044084@unknown@formal@none@1@S@Indeed, Mrs. Yeargin was interested in a possible job with the state teacher cadet program.@@@@1@15@@oe@2-2-2013
20044085@unknown@formal@none@1@S@Last March, after attending a teaching seminar in Washington, Mrs. Yeargin says she returned to Greenville two days before annual testing feeling that she hadn't prepared her low-ability geography students adequately.@@@@1@31@@oe@2-2-2013
20044086@unknown@formal@none@1@S@When test booklets were passed out 48 hours ahead of time, she says she copied questions in the social studies section and gave the answers to students.@@@@1@27@@oe@2-2-2013
20044087@unknown@formal@none@1@S@Mrs. Yeargin admits she made a big mistake but insists her motives were correct.@@@@1@14@@oe@2-2-2013
20044088@unknown@formal@none@1@S@"I was trying to help kids in an unfair testing situation," she says.@@@@1@13@@oe@2-2-2013
20044089@unknown@formal@none@1@S@"Only five of the 40 questions were geography questions.@@@@1@9@@oe@2-2-2013
20044090@unknown@formal@none@1@S@The rest were history, sociology, finance -- subjects they never had."@@@@1@11@@oe@2-2-2013
20044091@unknown@formal@none@1@S@Mrs. Yeargin says that she also wanted to help lift Greenville High School's overall test scores, usually near the bottom of 14 district high schools in rankings carried annually by local newspapers.@@@@1@32@@oe@2-2-2013
20044092@unknown@formal@none@1@S@Mostly, she says, she wanted to prevent the damage to self-esteem that her low-ability students would suffer from doing badly on the test.@@@@1@23@@oe@2-2-2013
20044093@unknown@formal@none@1@S@"These kids broke my heart," she says.@@@@1@7@@oe@2-2-2013
20044094@unknown@formal@none@1@S@"A whole day goes by and no one even knows they're alive.@@@@1@12@@oe@2-2-2013
20044095@unknown@formal@none@1@S@They desperately needed somebody who showed they cared for them, who loved them.@@@@1@13@@oe@2-2-2013
20044096@unknown@formal@none@1@S@The last thing they needed was another drag-down blow."@@@@1@9@@oe@2-2-2013
20044097@unknown@formal@none@1@S@School officials and prosecutors say Mrs. Yeargin is lying.@@@@1@9@@oe@2-2-2013
20044098@unknown@formal@none@1@S@They found students in an advanced class a year earlier who said she gave them similar help, although because the case wasn't tried in court, this evidence was never presented publicly.@@@@1@31@@oe@2-2-2013
20044099@unknown@formal@none@1@S@"That pretty much defeats any inkling that she was out to help the poor underprivileged child," says Joe Watson, the prosecutor in the case, who is also president of Greenville High School's alumni association.@@@@1@34@@oe@2-2-2013
20044100@unknown@formal@none@1@S@Mrs. Yeargin concedes that she went over the questions in the earlier class, adding: "I wanted to help all" students.@@@@1@20@@oe@2-2-2013
20044101@unknown@formal@none@1@S@Mr. Watson says Mrs. Yeargin never complained to school officials that the standardized test was unfair.@@@@1@16@@oe@2-2-2013
20044102@unknown@formal@none@1@S@"Do I have much sympathy for her?" Mr. Watson asks.@@@@1@10@@oe@2-2-2013
20044103@unknown@formal@none@1@S@"Not really.@@@@1@2@@oe@2-2-2013
20044104@unknown@formal@none@1@S@I believe in the system.@@@@1@5@@oe@2-2-2013
20044105@unknown@formal@none@1@S@I believe you have to use the system to change it.@@@@1@11@@oe@2-2-2013
20044106@unknown@formal@none@1@S@What she did was like taking the law into your own hands."@@@@1@12@@oe@2-2-2013
20044107@unknown@formal@none@1@S@Mrs. Ward says that when the cheating was discovered, she wanted to avoid the morale-damaging public disclosure that a trial would bring.@@@@1@22@@oe@2-2-2013
20044108@unknown@formal@none@1@S@She says she offered Mrs. Yeargin a quiet resignation and thought she could help save her teaching certificate.@@@@1@18@@oe@2-2-2013
20044109@unknown@formal@none@1@S@Mrs. Yeargin declined.@@@@1@3@@oe@2-2-2013
20044110@unknown@formal@none@1@S@"She said something like `You just want to make it easy for the school.'@@@@1@14@@oe@2-2-2013
20044111@unknown@formal@none@1@S@I was dumbfounded," Mrs. Ward recalls.@@@@1@6@@oe@2-2-2013
20044112@unknown@formal@none@1@S@"It was like someone had turned a knife in me."@@@@1@10@@oe@2-2-2013
20044113@unknown@formal@none@1@S@To the astonishment and dismay of her superiors and legal authorities -- and perhaps as a measure of the unpopularity of standardized tests -- Mrs. Yeargin won widespread local support.@@@@1@30@@oe@2-2-2013
20044114@unknown@formal@none@1@S@The school-board hearing at which she was dismissed was crowded with students, teachers and parents who came to testify on her behalf.@@@@1@22@@oe@2-2-2013
20044115@unknown@formal@none@1@S@Supportive callers decried unfair testing, not Mrs. Yeargin, on a local radio talk show on which she appeared.@@@@1@18@@oe@2-2-2013
20044116@unknown@formal@none@1@S@The show didn't give the particulars of Mrs. Yeargin's offense, saying only that she helped students do better on the test.@@@@1@21@@oe@2-2-2013
20044117@unknown@formal@none@1@S@"The message to the board of education out of all this is we've got to take a serious look at how we're doing our curriculum and our testing policies in this state," said the talk-show host.@@@@1@36@@oe@2-2-2013
20044118@unknown@formal@none@1@S@Editorials in the Greenville newspaper allowed that Mrs. Yeargin was wrong, but also said the case showed how testing was being overused.@@@@1@22@@oe@2-2-2013
20044119@unknown@formal@none@1@S@The radio show "enraged us," says Mrs. Ward.@@@@1@8@@oe@2-2-2013
20044120@unknown@formal@none@1@S@Partly because of the show, Mr. Watson says, the district decided not to recommend Mrs. Yeargin for a first-time offenders program that could have expunged the charges and the conviction from her record.@@@@1@33@@oe@2-2-2013
20044121@unknown@formal@none@1@S@And legal authorities cranked up an investigation worthy of a murder case.@@@@1@12@@oe@2-2-2013
20044122@unknown@formal@none@1@S@Over 50 witnesses, mostly students, were interviewed.@@@@1@7@@oe@2-2-2013
20044123@unknown@formal@none@1@S@At Greenville High School, meanwhile, some students -- especially on the cheerleading squad -- were crushed.@@@@1@16@@oe@2-2-2013
20044124@unknown@formal@none@1@S@"It's hard to explain to a 17-year-old why someone they like had to go," says Mrs. Ward.@@@@1@17@@oe@2-2-2013
20044125@unknown@formal@none@1@S@Soon, T-shirts appeared in the corridors that carried the school's familiar red-and-white GHS logo on the front.@@@@1@17@@oe@2-2-2013
20044126@unknown@formal@none@1@S@On the back, the shirts read, "We have all the answers."@@@@1@11@@oe@2-2-2013
20044127@unknown@formal@none@1@S@Many colleagues are angry at Mrs. Yeargin.@@@@1@7@@oe@2-2-2013
20044128@unknown@formal@none@1@S@"She did a lot of harm," says Cathryn Rice, who had discovered the crib notes.@@@@1@15@@oe@2-2-2013
20044129@unknown@formal@none@1@S@"We work damn hard at what we do for damn little pay, and what she did cast unfair aspersions on all of us."@@@@1@23@@oe@2-2-2013
20044130@unknown@formal@none@1@S@But several teachers also say the incident casts doubt on the wisdom of evaluating teachers or schools by using standardized test scores.@@@@1@22@@oe@2-2-2013
20044131@unknown@formal@none@1@S@Says Gayle Key, a mathematics teacher, "The incentive pay thing has opened up a can of worms.@@@@1@17@@oe@2-2-2013
20044132@unknown@formal@none@1@S@There may be others doing what she did."@@@@1@8@@oe@2-2-2013
20044133@unknown@formal@none@1@S@Mrs. Yeargin says she pleaded guilty because she realized it would no longer be possible to win reinstatement, and because she was afraid of further charges.@@@@1@26@@oe@2-2-2013
20044134@unknown@formal@none@1@S@Mrs. Ward, for one, was relieved.@@@@1@6@@oe@2-2-2013
20044135@unknown@formal@none@1@S@Despite the strong evidence against Mrs. Yeargin, popular sentiment was so strong in her favor, Mrs. Ward says, that "I'm afraid a jury wouldn't have convicted her.@@@@1@27@@oe@2-2-2013
20045001@unknown@formal@none@1@S@Since chalk first touched slate, schoolchildren have wanted to know: What's on the test?@@@@1@14@@oe@2-2-2013
20045002@unknown@formal@none@1@S@These days, students can often find the answer in test-coaching workbooks and worksheets their teachers give them in the weeks prior to taking standardized achievement tests.@@@@1@26@@oe@2-2-2013
20045003@unknown@formal@none@1@S@The mathematics section of the widely used California Achievement Test asks fifth graders: "What is another name for the Roman numeral IX?"@@@@1@22@@oe@2-2-2013
20045004@unknown@formal@none@1@S@It also asks them to add two-sevenths and three-sevenths.@@@@1@9@@oe@2-2-2013
20045005@unknown@formal@none@1@S@Worksheets in a test-practice kit called Learning Materials, sold to schools across the country by Macmillan/McGraw-Hill School Publishing Co., contain the same questions.@@@@1@23@@oe@2-2-2013
20045006@unknown@formal@none@1@S@In many other instances, there is almost no difference between the real test and Learning Materials.@@@@1@16@@oe@2-2-2013
20045007@unknown@formal@none@1@S@What's more, the test and Learning Materials are both produced by the same company, Macmillan/McGraw-Hill, a joint venture of McGraw-Hill Inc. and Macmillan's parent, Britain's Maxwell Communication Corp.@@@@1@28@@oe@2-2-2013
20045008@unknown@formal@none@1@S@Close parallels between tests and practice tests are common, some educators and researchers say.@@@@1@14@@oe@2-2-2013
20045009@unknown@formal@none@1@S@Test-preparation booklets, software and worksheets are a booming publishing subindustry.@@@@1@10@@oe@2-2-2013
20045010@unknown@formal@none@1@S@But some practice products are so similar to the tests themselves that critics say they represent a form of school-sponsored cheating.@@@@1@21@@oe@2-2-2013
20045011@unknown@formal@none@1@S@"If I took {these preparation booklets} into my classroom, I'd have a hard time justifying to my students and parents that it wasn't cheating," says John Kaminski, a Traverse City, Mich., teacher who has studied test coaching.@@@@1@37@@oe@2-2-2013
20045012@unknown@formal@none@1@S@He and other critics say such coaching aids can defeat the purpose of standardized tests, which is to gauge learning progress.@@@@1@21@@oe@2-2-2013
20045013@unknown@formal@none@1@S@"It's as if France decided to give only French history questions to students in a European history class, and when everybody aces the test, they say their kids are good in European history," says John Cannell, an Albuquerque, N.M., psychiatrist and founder of an educational research organization, Friends for Education, which has studied standardized testing.@@@@1@55@@oe@2-2-2013
20045014@unknown@formal@none@1@S@Standardized achievement tests are given about 10 million times a year across the country to students generally from kindergarten through eighth grade.@@@@1@22@@oe@2-2-2013
20045015@unknown@formal@none@1@S@The most widely used of these tests are Macmillan/McGraw's CAT and Comprehensive Test of Basic Skills; the Iowa Test of Basic Skills, by Houghton Mifflin Co.; and Harcourt Brace Jovanovich Inc.'s Metropolitan Achievement Test and Stanford Achievement Test.@@@@1@38@@oe@2-2-2013
20045016@unknown@formal@none@1@S@Sales figures of the test-prep materials aren't known, but their reach into schools is significant.@@@@1@15@@oe@2-2-2013
20045017@unknown@formal@none@1@S@In Arizona, California, Florida, Louisiana, Maryland, New Jersey, South Carolina and Texas, educators say they are common classroom tools.@@@@1@19@@oe@2-2-2013
20045018@unknown@formal@none@1@S@Macmillan/McGraw says "well over 10 million" of its Scoring High test-preparation books have been sold since their introduction 10 years ago, with most sales in the last five years.@@@@1@29@@oe@2-2-2013
20045019@unknown@formal@none@1@S@About 20,000 sets of Learning Materials teachers' binders have also been sold in the past four years.@@@@1@17@@oe@2-2-2013
20045020@unknown@formal@none@1@S@The materials in each set reach about 90 students.@@@@1@9@@oe@2-2-2013
20045021@unknown@formal@none@1@S@Scoring High and Learning Materials are the best-selling preparation tests.@@@@1@10@@oe@2-2-2013
20045022@unknown@formal@none@1@S@Michael Kean, director of marketing for CTB Macmillan/McGraw, the Macmillan/McGraw division that publishes Learning Materials, says it isn't aimed at improving test scores.@@@@1@23@@oe@2-2-2013
20045023@unknown@formal@none@1@S@He also asserted that exact questions weren't replicated.@@@@1@8@@oe@2-2-2013
20045024@unknown@formal@none@1@S@When referred to the questions that matched, he said it was coincidental.@@@@1@12@@oe@2-2-2013
20045025@unknown@formal@none@1@S@Mr. Kaminski, the schoolteacher, and William Mehrens, a Michigan State University education professor, concluded in a study last June that CAT test versions of Scoring High and Learning Materials shouldn't be used in the classroom because of their similarity to the actual test.@@@@1@43@@oe@2-2-2013
20045026@unknown@formal@none@1@S@They devised a 69-point scale -- awarding one point for each subskill measured on the CAT test -- to rate the closeness of test preparatives to the fifth-grade CAT.@@@@1@29@@oe@2-2-2013
20045027@unknown@formal@none@1@S@Because many of these subskills -- the symmetry of geometrical figures, metric measurement of volume, or pie and bar graphs, for example -- are only a small part of the total fifth-grade curriculum, Mr. Kaminski says, the preparation kits wouldn't replicate too many, if their real intent was general instruction or even general familiarization with test procedures.@@@@1@57@@oe@2-2-2013
20045028@unknown@formal@none@1@S@But Learning Materials matched on 66.5 of 69 subskills.@@@@1@9@@oe@2-2-2013
20045029@unknown@formal@none@1@S@Scoring High matched on 64.5.@@@@1@5@@oe@2-2-2013
20045030@unknown@formal@none@1@S@In CAT sections where students' knowledge of two-letter consonant sounds is tested, the authors noted that Scoring High concentrated on the same sounds that the test does -- to the exclusion of other sounds that fifth graders should know.@@@@1@39@@oe@2-2-2013
20045031@unknown@formal@none@1@S@Learning Materials for the fifth-grade contains at least a dozen examples of exact matches or close parallels to test items.@@@@1@20@@oe@2-2-2013
20045032@unknown@formal@none@1@S@Rick Brownell, senior editor of Scoring High, says that Messrs. Kaminski and Mehrens are ignoring "the need students have for becoming familiar with tests and testing format."@@@@1@27@@oe@2-2-2013
20045033@unknown@formal@none@1@S@He said authors of Scoring High "scrupulously avoid" replicating exact questions, but he doesn't deny that some items are similar.@@@@1@20@@oe@2-2-2013
20045034@unknown@formal@none@1@S@When Scoring High first came out in 1979, it was a publication of Random House.@@@@1@15@@oe@2-2-2013
20045035@unknown@formal@none@1@S@McGraw-Hill was outraged.@@@@1@3@@oe@2-2-2013
20045036@unknown@formal@none@1@S@In a 1985 advisory to educators, McGraw-Hill said Scoring High shouldn't be used because it represented a "parallel form" of the CAT and CTBS tests.@@@@1@25@@oe@2-2-2013
20045037@unknown@formal@none@1@S@But in 1988, McGraw-Hill purchased the Random House unit that publishes Scoring High, which later became part of Macmillan/McGraw.@@@@1@19@@oe@2-2-2013
20045038@unknown@formal@none@1@S@Messrs. Brownell and Kean say they are unaware of any efforts by McGraw-Hill to modify or discontinue Scoring High.@@@@1@19@@oe@2-2-2013
20046001@unknown@formal@none@1@S@Alleghany Corp. said it completed the acquisition of Sacramento Savings & Loan Association from the H.N. & Frances C. Berger Foundation for $150 million.@@@@1@24@@oe@2-2-2013
20046002@unknown@formal@none@1@S@The Sacramento-based S&L, which has 44 branch offices in north central California, had assets of $2.4 billion at the end of September.@@@@1@22@@oe@2-2-2013
20046003@unknown@formal@none@1@S@New York-based Alleghany is an insurance and financial services concern.@@@@1@10@@oe@2-2-2013
20046004@unknown@formal@none@1@S@The purchase price includes two ancillary companies.@@@@1@7@@oe@2-2-2013
20047001@unknown@formal@none@1@S@The Department of Health and Human Services plans to extend its moratorium on federal funding of research involving fetal-tissue transplants.@@@@1@20@@oe@2-2-2013
20047002@unknown@formal@none@1@S@Medical researchers believe the transplantation of small amounts of fetal tissue into humans could help treat juvenile diabetes and such degenerative diseases as Alzheimer's, Parkinson's and Huntington's.@@@@1@27@@oe@2-2-2013
20047003@unknown@formal@none@1@S@But anti-abortionists oppose such research because they worry that the development of therapies using fetal-tissue transplants could lead to an increase in abortions.@@@@1@23@@oe@2-2-2013
20047004@unknown@formal@none@1@S@James Mason, assistant secretary for health, said the ban on federal funding of fetal-tissue transplant research "should be continued indefinitely."@@@@1@20@@oe@2-2-2013
20047005@unknown@formal@none@1@S@He said the ban won't stop privately funded tissue-transplant research or federally funded fetal-tissue research that doesn't involve transplants.@@@@1@19@@oe@2-2-2013
20047006@unknown@formal@none@1@S@Department officials say that HHS Secretary Louis Sullivan will support Dr. Mason's ruling, which will be issued soon in the form of a letter to the acting director of the National Institutes of Health.@@@@1@34@@oe@2-2-2013
20047007@unknown@formal@none@1@S@Both Dr. Mason and Dr. Sullivan oppose federal funding for abortion, as does President Bush, except in cases where a woman's life is threatened.@@@@1@24@@oe@2-2-2013
20047008@unknown@formal@none@1@S@The controversy began in 1987 when the National Institutes of Health, aware of the policy implications of its research, asked for an HHS review of its plan to implant fetal tissue into the brain of a patient suffering from Parkinson's disease.@@@@1@41@@oe@2-2-2013
20047009@unknown@formal@none@1@S@The department placed a moratorium on the research, pending a review of scientific, legal and ethical issues.@@@@1@17@@oe@2-2-2013
20047010@unknown@formal@none@1@S@A majority of an NIH-appointed panel recommended late last year that the research continue under carefully controlled conditions, but the issue became embroiled in politics as anti-abortion groups continued to oppose federal funding.@@@@1@33@@oe@2-2-2013
20047011@unknown@formal@none@1@S@The dispute has hampered the administration's efforts to recruit prominent doctors to fill prestigious posts at the helm of the NIH and the Centers for Disease Control.@@@@1@27@@oe@2-2-2013
20047012@unknown@formal@none@1@S@Several candidates have withdrawn their names from consideration after administration officials asked them for their views on abortion and fetal-tissue transplants.@@@@1@21@@oe@2-2-2013
20047013@unknown@formal@none@1@S@Antonio Novello, whom Mr. Bush nominated to serve as surgeon general, reportedly has assured the administration that she opposes abortion.@@@@1@20@@oe@2-2-2013
20047014@unknown@formal@none@1@S@Dr. Novello is deputy director of the National Institute of Child Health and Human Development.@@@@1@15@@oe@2-2-2013
20047015@unknown@formal@none@1@S@Some researchers have charged that the administration is imposing new ideological tests for top scientific posts.@@@@1@16@@oe@2-2-2013
20047016@unknown@formal@none@1@S@Earlier this week, Dr. Sullivan tried to defuse these charges by stressing that candidates to head the NIH and the CDC will be judged by "standards of scientific and administrative excellence," not politics.@@@@1@33@@oe@2-2-2013
20047017@unknown@formal@none@1@S@But the administration's handling of the fetal-tissue transplant issue disturbs many scientists.@@@@1@12@@oe@2-2-2013
20047018@unknown@formal@none@1@S@"When scientific progress moves into uncharted ground, there has to be a role for society to make judgments about its applications," says Myron Genel, associate dean of the Yale Medical School.@@@@1@31@@oe@2-2-2013
20047019@unknown@formal@none@1@S@"The disturbing thing about this abortion issue is that the debate has become polarized, so that no mechanism exists" for finding a middle ground.@@@@1@24@@oe@2-2-2013
20047020@unknown@formal@none@1@S@Yale is one of the few medical institutions conducting privately funded research on fetal-tissue transplants.@@@@1@15@@oe@2-2-2013
20047021@unknown@formal@none@1@S@But Dr. Genel warns that Dr. Mason's ruling may discourage private funding.@@@@1@12@@oe@2-2-2013
20047022@unknown@formal@none@1@S@"The unavailability of federal funds, and the climate in which the decision was made, certainly don't provide any incentive for one of the more visible foundations to provide support," he said.@@@@1@31@@oe@2-2-2013
20047023@unknown@formal@none@1@S@Despite the flap over transplants, federal funding of research involving fetal tissues will continue on a number of fronts.@@@@1@19@@oe@2-2-2013
20047024@unknown@formal@none@1@S@"Such research may ultimately result in the ability to regenerate damaged tissues or to turn off genes that cause cancer" or to regulate genes that cause Down's syndrome, the leading cause of mental retardation, according to an NIH summary.@@@@1@39@@oe@2-2-2013
20047025@unknown@formal@none@1@S@The NIH currently spends about $8 million annually on fetal-tissue research out of a total research budget of $8 billion.@@@@1@20@@oe@2-2-2013
20048001@unknown@formal@none@1@S@Rekindled hope that two New England states will allow broader interstate banking boosted Nasdaq's bank stocks, but the over-the-counter market was up only slightly in lackluster trading.@@@@1@27@@oe@2-2-2013
20048002@unknown@formal@none@1@S@The Nasdaq composite index added 1.01 to 456.64 on paltry volume of 118.6 million shares.@@@@1@15@@oe@2-2-2013
20048003@unknown@formal@none@1@S@In terms of volume, it was an inauspicious beginning for November.@@@@1@11@@oe@2-2-2013
20048004@unknown@formal@none@1@S@Yesterday's share turnover was well below the year's daily average of 133.8 million.@@@@1@13@@oe@2-2-2013
20048005@unknown@formal@none@1@S@In October, the busiest month of the year so far, daily volume averaged roughly 145 million shares.@@@@1@17@@oe@2-2-2013
20048006@unknown@formal@none@1@S@The Nasdaq 100 index of the biggest nonfinancial stocks gained 1.39 to 446.62.@@@@1@13@@oe@2-2-2013
20048007@unknown@formal@none@1@S@The index of the 100 largest Nasdaq financial stocks rose modestly as well, gaining 1.28 to 449.04.@@@@1@17@@oe@2-2-2013
20048008@unknown@formal@none@1@S@But the broader Nasdaq bank index, which tracks thrift issues, jumped 3.23 to 436.01.@@@@1@14@@oe@2-2-2013
20048009@unknown@formal@none@1@S@The bank stocks got a boost when Connecticut Bank & Trust and Bank of New England said they no longer oppose pending legislation that would permit banks from other regions to merge with Connecticut and Massachusetts banks.@@@@1@37@@oe@2-2-2013
20048010@unknown@formal@none@1@S@The two banks merged in 1985.@@@@1@6@@oe@2-2-2013
20048011@unknown@formal@none@1@S@Bank of New England's shares are traded on the New York Stock Exchange.@@@@1@13@@oe@2-2-2013
20048012@unknown@formal@none@1@S@The stocks of banking concerns based in Massachusetts weren't helped much by the announcement, traders said, because many of those concerns have financial problems tied to their real-estate loan portfolios, making them unattractive takeover targets.@@@@1@35@@oe@2-2-2013
20048013@unknown@formal@none@1@S@But speculators, anticipating that Connecticut will approve a law permitting such interstate banking soon, immediately bid up shares of Connecticut banks on the news.@@@@1@24@@oe@2-2-2013
20048014@unknown@formal@none@1@S@"A lot of the stocks that have been under water finally saw a reason to uptick," said George Jennison, head trader of banking issues in Shearson Lehman Hutton's OTC department.@@@@1@30@@oe@2-2-2013
20048015@unknown@formal@none@1@S@The biggest beneficiary was Northeast Bancorp, which surged 7 3/4 to 69.@@@@1@12@@oe@2-2-2013
20048016@unknown@formal@none@1@S@The Stamford, Conn., concern has agreed to a buy-out by Bank of New York in a transaction with an indicated value of about $100 a share that expires next August.@@@@1@30@@oe@2-2-2013
20048017@unknown@formal@none@1@S@Ed Macheski, a Wilton, Conn., money manager who follows bank stocks, said the announcement effectively gives the deal "the green light."@@@@1@21@@oe@2-2-2013
20048018@unknown@formal@none@1@S@Mr. Jennison said Northeast Bancorp also fared well because takeover stocks have returned to favor among investors.@@@@1@17@@oe@2-2-2013
20048019@unknown@formal@none@1@S@Another OTC bank stock involved in a buy-out deal, First Constitution Financial, was higher.@@@@1@14@@oe@2-2-2013
20048020@unknown@formal@none@1@S@It rose 7/8 to 18 1/4.@@@@1@6@@oe@2-2-2013
20048021@unknown@formal@none@1@S@First Constitution has signed a merger agreement with WFRR L.P. and GHKM Corp., under which all of its common shares will be acquired for $25 each, or $273.5 million.@@@@1@29@@oe@2-2-2013
20048022@unknown@formal@none@1@S@Among other Connecticut banks whose shares trade in the OTC market, Society for Savings Bancorp, based in Hartford, saw its stock rise 1 3/4 to 18 1/4.@@@@1@27@@oe@2-2-2013
20048023@unknown@formal@none@1@S@Centerbank added 5/8 to 8 3/4; shares of NESB, a New London-based bank holding company, rose 5/8 to 5 7/8.@@@@1@20@@oe@2-2-2013
20048024@unknown@formal@none@1@S@Among other banking issues, Pennview Savings Association leapt more than 44% with a gain of 6 5/8 to 21 5/8.@@@@1@20@@oe@2-2-2013
20048025@unknown@formal@none@1@S@The Pennsylvania bank agreed to be acquired in a merger with Univest Corp. of Pennsylvania for $25.50 a share.@@@@1@19@@oe@2-2-2013
20048026@unknown@formal@none@1@S@Valley Federal Savings & Loan, a California thrift issue, gained 1 to 4 1/4 after reporting a third-quarter loss of $70.7 million after an $89.9 million pretax charge mostly related to its mobile home financing unit.@@@@1@36@@oe@2-2-2013
20048027@unknown@formal@none@1@S@Dan E. Nelms, Valley Federal's president and chief executive officer, said the one-time charge substantially eliminates future losses associated with the unit.@@@@1@22@@oe@2-2-2013
20048028@unknown@formal@none@1@S@He said the company's core business remains strong.@@@@1@8@@oe@2-2-2013
20048029@unknown@formal@none@1@S@He also said that after the charges, and "assuming no dramatic fluctuation in interest rates, the company expects to achieve near-record earnings in 1990."@@@@1@24@@oe@2-2-2013
20048030@unknown@formal@none@1@S@Weisfield's surged 6 3/4 to 55 1/2 and Ratners Group's American depositary receipts, or ADRs, gained 5/8 to 12 1/4.@@@@1@20@@oe@2-2-2013
20048031@unknown@formal@none@1@S@The two concerns said they entered into a definitive merger agreement under which Ratners will begin a tender offer for all of Weisfield's common shares for $57.50 each.@@@@1@28@@oe@2-2-2013
20048032@unknown@formal@none@1@S@Also on the takeover front, Jaguar's ADRs rose 1/4 to 13 7/8 on turnover of 4.4 million.@@@@1@17@@oe@2-2-2013
20048033@unknown@formal@none@1@S@Since the British auto maker became a takeover target last month, its ADRs have jumped about 78%.@@@@1@17@@oe@2-2-2013
20048034@unknown@formal@none@1@S@After troubled Heritage Media proposed acquiring POP Radio in a stock swap, POP Radio's shares tumbled 4 to 14 3/4.@@@@1@20@@oe@2-2-2013
20048035@unknown@formal@none@1@S@Heritage Media, which already owns about 51% of POP Radio, proposed paying POP Radio shareholders with shares of a new class of Heritage Media preferred stock that would be convertible into four shares of Heritage Media's common.@@@@1@37@@oe@2-2-2013
20048036@unknown@formal@none@1@S@Rally's lost 1 3/4 to 21 3/4.@@@@1@7@@oe@2-2-2013
20048037@unknown@formal@none@1@S@The restaurant operator said it has redeemed its rights issued Monday under its shareholder rights plan.@@@@1@16@@oe@2-2-2013
20048038@unknown@formal@none@1@S@The fast-food company said its decision was based on discussions with a shareholder group, Giant Group Ltd., "in an effort to resolve certain disputes with the company."@@@@1@27@@oe@2-2-2013
20048039@unknown@formal@none@1@S@Giant Group is led by three Rally's directors, Burt Sugarman, James M. Trotter III and William E. Trotter II, who earlier this month indicated they had a 42.5% stake in Rally's and planned to seek a majority of seats on Rally's nine-member board.@@@@1@43@@oe@2-2-2013
20048040@unknown@formal@none@1@S@SCI Systems slipped 7/8 to 10 on volume of 858,000 shares.@@@@1@11@@oe@2-2-2013
20048041@unknown@formal@none@1@S@The Huntsville, Ala., electronic products maker said it expects to post a "significant" loss for its fiscal first quarter ended Sept. 30.@@@@1@22@@oe@2-2-2013
20048042@unknown@formal@none@1@S@In the year-earlier period, SCI had net income of $4.8 million, or 23 cents a share, on revenue of $225.6 million.@@@@1@21@@oe@2-2-2013
20049001@unknown@formal@none@1@S@The Internal Revenue Service has threatened criminal sanctions against lawyers who fail to report detailed information about clients who pay them more than $10,000 in cash.@@@@1@26@@oe@2-2-2013
20049002@unknown@formal@none@1@S@The warnings, issued to at least 100 criminal defense attorneys in several major cities in the last week, have led to an outcry by members of the organized bar, who claim the information is protected by attorney-client privilege.@@@@1@38@@oe@2-2-2013
20049003@unknown@formal@none@1@S@The IRS warnings stem from a 1984 law that requires anyone who receives more than $10,000 in cash from a client or customer in one or more related transactions "in the course of trade or business" to report the payment on a document known as Form 8300.@@@@1@47@@oe@2-2-2013
20049004@unknown@formal@none@1@S@The form asks for such details as the client's name, Social Security number, passport number and details about the services provided for the payment.@@@@1@24@@oe@2-2-2013
20049005@unknown@formal@none@1@S@Failure to complete the form had been punishable as a misdemeanor until last November, when Congress determined that the crime was a felony punishable by up to 10 years in prison.@@@@1@31@@oe@2-2-2013
20049006@unknown@formal@none@1@S@Attorneys have argued since 1985, when the law took effect, that they cannot provide information about clients who don't wish their identities to be known.@@@@1@25@@oe@2-2-2013
20049007@unknown@formal@none@1@S@Many attorneys have returned incomplete forms to the IRS in recent years, citing attorney-client privilege.@@@@1@15@@oe@2-2-2013
20049008@unknown@formal@none@1@S@Until last week, the IRS rarely acted on the incomplete forms.@@@@1@11@@oe@2-2-2013
20049009@unknown@formal@none@1@S@"This form forces a lawyer to become, in effect, a witness against his client," said Neal R. Sonnett, president of the National Association of Criminal Defense Lawyers.@@@@1@27@@oe@2-2-2013
20049010@unknown@formal@none@1@S@"The IRS is asking lawyers to red-flag a criminal problem to the government," added Mr. Sonnett, a Miami lawyer who has heard from dozens of attorneys who received letters in recent days and has himself received the computer-generated IRS forms sent by certified mail.@@@@1@44@@oe@2-2-2013
20049011@unknown@formal@none@1@S@Mr. Sonnett said that clients who pay cash may include alleged drug dealers who don't have domestic bank accounts.@@@@1@19@@oe@2-2-2013
20049012@unknown@formal@none@1@S@These individuals may not necessarily be under investigation when they hire lawyers.@@@@1@12@@oe@2-2-2013
20049013@unknown@formal@none@1@S@Mr. Sonnett said there also may be other circumstances under which individuals wouldn't want the government to know they had retained criminal defense lawyers.@@@@1@24@@oe@2-2-2013
20049014@unknown@formal@none@1@S@Filling out detailed forms about these individuals would tip the IRS off and spark action against the clients, he said.@@@@1@20@@oe@2-2-2013
20049015@unknown@formal@none@1@S@The defense lawyers' group formed a task force this week, chaired by New York attorney Gerald Lefcourt, to deal with the matter.@@@@1@22@@oe@2-2-2013
20049016@unknown@formal@none@1@S@The American Bar Association's House of Delegates passed a resolution in 1985 condemning the IRS reporting requirement.@@@@1@17@@oe@2-2-2013
20049017@unknown@formal@none@1@S@Michael Ross, a New York lawyer who heads the ABA's grand jury committee, said that lawyers are prohibited by the ABA's code of ethics from disclosing information about a client except where a court orders it or to prevent the client from committing a criminal act that could result in death.@@@@1@51@@oe@2-2-2013
20049018@unknown@formal@none@1@S@Mr. Ross said he met with officials of the IRS and the Justice Department, which would bring any enforcement actions against taxpayers, to discuss the issue last May.@@@@1@28@@oe@2-2-2013
20049019@unknown@formal@none@1@S@At that meeting, he said, the Justice Department assured him that enforcement procedures wouldn't be threatened against attorneys without further review and advance notice.@@@@1@24@@oe@2-2-2013
20049020@unknown@formal@none@1@S@Mr. Ross said IRS officials opposed the Justice Department's moderate stance on the matter.@@@@1@14@@oe@2-2-2013
20049021@unknown@formal@none@1@S@But in the letters sent in recent days, Christopher J. Lezovich of the IRS computing center in Detroit, told attorneys that "failing to voluntarily submit the requested information could result in summons enforcement action being initiated."@@@@1@36@@oe@2-2-2013
20049022@unknown@formal@none@1@S@In some cases, the IRS asked for information dating back to forms it received in 1985.@@@@1@16@@oe@2-2-2013
20049023@unknown@formal@none@1@S@A spokesman for the IRS confirmed that "there has been correspondence mailed about incomplete 8300s," but he declined to say why the letters were sent to lawyers now.@@@@1@28@@oe@2-2-2013
20049024@unknown@formal@none@1@S@Individuals familiar with the Justice Department's policy said that Justice officials hadn't any knowledge of the IRS's actions in the last week.@@@@1@22@@oe@2-2-2013
20049025@unknown@formal@none@1@S@Lawyers worry that if they provide information about clients, that data could quickly end up in the hands of prosecutors.@@@@1@20@@oe@2-2-2013
20049026@unknown@formal@none@1@S@Prosecutors need court permission to obtain the tax returns of an individual or a business.@@@@1@15@@oe@2-2-2013
20049027@unknown@formal@none@1@S@But they have obtained 8300 forms without court permission and used the information to help develop criminal cases.@@@@1@18@@oe@2-2-2013
20049028@unknown@formal@none@1@S@Some criminal lawyers speculated that the IRS was sending the letters to test the issue.@@@@1@15@@oe@2-2-2013
20049029@unknown@formal@none@1@S@In a number of recent cases, federal courts have refused to recognize attorneys' assertions that information relating to fees from clients should be confidential.@@@@1@24@@oe@2-2-2013
20049030@unknown@formal@none@1@S@THE WAR OVER FEDERAL JUDICIAL SALARIES takes a victim.@@@@1@9@@oe@2-2-2013
20049031@unknown@formal@none@1@S@Often, judges ease into more lucrative private practice with little fanfare, but not federal Judge Raul A. Ramirez in Sacramento, Calif.@@@@1@21@@oe@2-2-2013
20049032@unknown@formal@none@1@S@On Tuesday, the judge called a news conference to say he was quitting effective Dec. 31 to join a San Francisco law firm.@@@@1@23@@oe@2-2-2013
20049033@unknown@formal@none@1@S@The reason: the refusal of Congress to give federal judges a raise.@@@@1@12@@oe@2-2-2013
20049034@unknown@formal@none@1@S@"A couple of my law clerks were going to pass me in three or four years, and I was afraid I was going to have to ask them for a loan," the judge quipped in an interview.@@@@1@37@@oe@2-2-2013
20049035@unknown@formal@none@1@S@Federal judges make $89,500 annually; in February, Congress rejected a bill that would have increased their pay by 50%.@@@@1@19@@oe@2-2-2013
20049036@unknown@formal@none@1@S@Judge Ramirez, 44, said it is unjust for judges to make what they do.@@@@1@14@@oe@2-2-2013
20049037@unknown@formal@none@1@S@"Judges are not getting what they deserve.@@@@1@7@@oe@2-2-2013
20049038@unknown@formal@none@1@S@You look around at professional ballplayers or accountants . . . and nobody blinks an eye.@@@@1@16@@oe@2-2-2013
20049039@unknown@formal@none@1@S@When you become a federal judge, all of a sudden you are relegated to a paltry sum."@@@@1@17@@oe@2-2-2013
20049040@unknown@formal@none@1@S@At his new job, as partner in charge of federal litigation in the Sacramento office of Orrick, Herrington & Sutcliffe, he will make out much better.@@@@1@26@@oe@2-2-2013
20049041@unknown@formal@none@1@S@The judge declined to discuss his salary in detail, but said: "I'm going to be a high-priced lawyer."@@@@1@18@@oe@2-2-2013
20049042@unknown@formal@none@1@S@DOONESBURY CREATOR'S UNION TROUBLES are no laughing matter.@@@@1@8@@oe@2-2-2013
20049043@unknown@formal@none@1@S@Cartoonist Garry Trudeau is suing the Writers Guild of America East for $11 million, alleging it mounted a "campaign to harass and punish" him for crossing a screenwriters' picket line.@@@@1@30@@oe@2-2-2013
20049044@unknown@formal@none@1@S@The dispute involves Darkhorse Productions Inc., a TV production company in which Mr. Trudeau is a co-owner.@@@@1@17@@oe@2-2-2013
20049045@unknown@formal@none@1@S@Mr. Trudeau, a Writers Guild member, also was employed as a writer for Darkhorse, which was covered by a guild collective-bargaining agreement.@@@@1@22@@oe@2-2-2013
20049046@unknown@formal@none@1@S@The guild began a strike against the TV and movie industry in March 1988.@@@@1@14@@oe@2-2-2013
20049047@unknown@formal@none@1@S@In his lawsuit, Mr. Trudeau says the strike illegally included Darkhorse, and the cartoonist refused to honor the strike against the company.@@@@1@22@@oe@2-2-2013
20049048@unknown@formal@none@1@S@A spokesman for the guild said the union's lawyers are reviewing the suit.@@@@1@13@@oe@2-2-2013
20049049@unknown@formal@none@1@S@He said disciplinary proceedings are confidential and declined to comment on whether any are being held against Mr. Trudeau.@@@@1@19@@oe@2-2-2013
20049050@unknown@formal@none@1@S@Mr. Trudeau's attorney, Norman K. Samnick, said the harassment consists mainly of the guild's year-long threats of disciplinary action.@@@@1@19@@oe@2-2-2013
20049051@unknown@formal@none@1@S@Mr. Samnick said a guild disciplinary hearing is scheduled next Monday in New York.@@@@1@14@@oe@2-2-2013
20049052@unknown@formal@none@1@S@Mr. Samnick, who will go before the disciplinary panel, said the proceedings are unfair and that any punishment from the guild would be unjustified.@@@@1@24@@oe@2-2-2013
20049053@unknown@formal@none@1@S@In addition to the damages, the suit seeks a court order preventing the guild from punishing or retaliating against Mr. Trudeau.@@@@1@21@@oe@2-2-2013
20049054@unknown@formal@none@1@S@ABORTION RULING UPHELD:@@@@1@3@@oe@2-2-2013
20049055@unknown@formal@none@1@S@A federal appeals court upheld a lower court ruling that the U.S. can bar the use of federal funds for family-planning programs that include abortion-related services.@@@@1@26@@oe@2-2-2013
20049056@unknown@formal@none@1@S@A Department of Health and Human Services rule adopted in 1988 prohibits the use of so-called Title X funds for programs that assist a woman in obtaining an abortion, such as abortion counseling and referrals.@@@@1@35@@oe@2-2-2013
20049057@unknown@formal@none@1@S@The rule also prohibits funding for activities that "encourage, promote or advocate abortion."@@@@1@13@@oe@2-2-2013
20049058@unknown@formal@none@1@S@Title X funds are the single largest source of federal funding for family-planning services, according to the opinion by the Second U.S. Circuit Court of Appeals in New York.@@@@1@29@@oe@2-2-2013
20049059@unknown@formal@none@1@S@The panel ruled that the restrictions don't violate the freedom of speech of health care providers and that the limits on counseling services don't violate the rights of pregnant women.@@@@1@30@@oe@2-2-2013
20049060@unknown@formal@none@1@S@INQUIRY CLEARS TEXAS JUDGE of bias in comments on homosexual murder victims.@@@@1@12@@oe@2-2-2013
20049061@unknown@formal@none@1@S@Dallas District Judge Jack Hampton had sparked calls for a judicial inquiry with his remarks to the press last December, two weeks after sentencing an 18-year-old defendant to 30 years in state prison for killing two homosexual men in a city park.@@@@1@42@@oe@2-2-2013
20049062@unknown@formal@none@1@S@The judge was quoted as referring to the victims as "queers" and saying they wouldn't have been killed "if they hadn't been cruising the streets picking up teenage boys."@@@@1@29@@oe@2-2-2013
20049063@unknown@formal@none@1@S@But Robert R. Murray, a special master appointed by the Texas Supreme Court, said Judge Hampton didn't breach any judicial standards of fairness, although he did violate the state's judicial code by commenting publicly on a pending case.@@@@1@38@@oe@2-2-2013
20049064@unknown@formal@none@1@S@Observing that the judge "has never exhibited any bias or prejudice," Mr. Murray concluded that he "would be impartial in any case involving a homosexual or prostitute" as a victim.@@@@1@30@@oe@2-2-2013
20049065@unknown@formal@none@1@S@Mr. Murray also said Judge Hampton's comments didn't discredit the judiciary or the administration of justice.@@@@1@16@@oe@2-2-2013
20049066@unknown@formal@none@1@S@The report is subject to review by the State Commission on Judicial Conduct, which is empowered to impose sanctions.@@@@1@19@@oe@2-2-2013
20049067@unknown@formal@none@1@S@GAF TRIAL goes to round three.@@@@1@6@@oe@2-2-2013
20049068@unknown@formal@none@1@S@Attorneys in the third stock-manipulation trial of GAF Corp. began opening arguments yesterday in the Manhattan courtroom of U.S. District Judge Mary Johnson Lowe.@@@@1@24@@oe@2-2-2013
20049069@unknown@formal@none@1@S@In an eight-count indictment, the government has charged GAF, a Wayne, N.J., specialty chemical maker, and its Vice Chairman James T. Sherwin with attempting to manipulate the common stock of Union Carbide Corp. in advance of GAF's planned sale of a large block of the stock in November 1986.@@@@1@49@@oe@2-2-2013
20049070@unknown@formal@none@1@S@The first two GAF trials ended in mistrials earlier this year.@@@@1@11@@oe@2-2-2013
20049071@unknown@formal@none@1@S@This trial is expected to last five weeks.@@@@1@8@@oe@2-2-2013
20049072@unknown@formal@none@1@S@SWITCHING TO THE DEFENSE:@@@@1@4@@oe@2-2-2013
20049073@unknown@formal@none@1@S@A former member of the prosecution team in the Iran/Contra affair joined the Chicago firm of Mayer, Brown & Platt.@@@@1@20@@oe@2-2-2013
20049074@unknown@formal@none@1@S@Michael R. Bromwich, a member since January 1987 of the three-lawyer trial team in the prosecution of Oliver North, became a partner in the Washington, D.C., office of the 520-lawyer firm.@@@@1@31@@oe@2-2-2013
20049075@unknown@formal@none@1@S@He will specialize in white-collar criminal defense work.@@@@1@8@@oe@2-2-2013
20049076@unknown@formal@none@1@S@Mr. Bromwich, 35, also has served as deputy chief and chief of the narcotics unit for the U.S. attorney's office for the Southern District of New York, based in Manhattan.@@@@1@30@@oe@2-2-2013
20050001@unknown@formal@none@1@S@Cooper Tire & Rubber Co. said it has reached an agreement in principle to buy buildings and related property in Albany, Ga., from Bridgestone/Firestone Inc.@@@@1@25@@oe@2-2-2013
20050002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20050003@unknown@formal@none@1@S@The tire maker said the buildings consist of 1.8 million square feet of office, manufacturing and warehousing space on 353 acres of land.@@@@1@23@@oe@2-2-2013
20051001@unknown@formal@none@1@S@Fujitsu Ltd.'s top executive took the unusual step of publicly apologizing for his company's making bids of just one yen for several local government projects, while computer rival NEC Corp. made a written apology for indulging in the same practice.@@@@1@40@@oe@2-2-2013
20051002@unknown@formal@none@1@S@Meanwhile, business and government leaders rebuked the computer makers, and fretted about the broader statement the companies' actions make about Japanese cutthroat pricing.@@@@1@23@@oe@2-2-2013
20051003@unknown@formal@none@1@S@Fujitsu said it bid the equivalent of less than a U.S. penny on three separate municipal contracts during the past two years.@@@@1@22@@oe@2-2-2013
20051004@unknown@formal@none@1@S@The company also disclosed that during that period it offered 10,000 yen, or about $70, for another contract.@@@@1@18@@oe@2-2-2013
20051005@unknown@formal@none@1@S@But Fujitsu, Japan's No. 1 computer maker, isn't alone.@@@@1@9@@oe@2-2-2013
20051006@unknown@formal@none@1@S@NEC, one of its largest domestic competitors, said it bid one yen in two separate public auctions since 1987.@@@@1@19@@oe@2-2-2013
20051007@unknown@formal@none@1@S@In both cases, NEC lost the contract to Fujitsu, which made the same bid and won a tie-breaking lottery.@@@@1@19@@oe@2-2-2013
20051008@unknown@formal@none@1@S@All the contracts were for computer-system-design contracts and involved no hardware or software.@@@@1@13@@oe@2-2-2013
20051009@unknown@formal@none@1@S@The Ministry of International Trade and Industry summoned executives from the companies to "make sure they understood" the concern about such practices, according to a government spokesman.@@@@1@27@@oe@2-2-2013
20051010@unknown@formal@none@1@S@"These cases lead to the loss of the firms' social and international credibility," a ministry statement said.@@@@1@17@@oe@2-2-2013
20051011@unknown@formal@none@1@S@Japan's Fair Trade Commission has said it is considering investigating the bids for possible antitrust-law violations.@@@@1@16@@oe@2-2-2013
20051012@unknown@formal@none@1@S@"We would like to apologize for having caused huge trouble," Fujitsu President Takuma Yamamoto, read from a prepared statement as he stood before a packed news conference at his company's downtown headquarters.@@@@1@32@@oe@2-2-2013
20051013@unknown@formal@none@1@S@The bids, he added, were "contrary to common sense."@@@@1@9@@oe@2-2-2013
20051014@unknown@formal@none@1@S@NEC released a statement saying, "We feel sorry for having caused trouble to society," a form of apology common in Japan for companies caught in embarrassing situations.@@@@1@27@@oe@2-2-2013
20051015@unknown@formal@none@1@S@Japanese companies have long had a reputation for sacrificing short-term profits to make a sale that may have long-term benefits.@@@@1@20@@oe@2-2-2013
20051016@unknown@formal@none@1@S@But the growing controversy comes as many practices historically accepted as normal here -- such as politicians accepting substantial gifts from businessmen or having extramarital affairs -- are coming under close ethical scrutiny.@@@@1@33@@oe@2-2-2013
20051017@unknown@formal@none@1@S@The fire is also fueled by growing international interest in Japanese behavior.@@@@1@12@@oe@2-2-2013
20051018@unknown@formal@none@1@S@So far there have been no public overseas complaints about the issue.@@@@1@12@@oe@2-2-2013
20051019@unknown@formal@none@1@S@But in one of the auctions in question, International Business Machines Corp. made a bid substantially higher than the Fujitsu offer, according to the municipality.@@@@1@25@@oe@2-2-2013
20051020@unknown@formal@none@1@S@The low-ball bids touch on issues central to the increasingly tense trade debate.@@@@1@13@@oe@2-2-2013
20051021@unknown@formal@none@1@S@Foreigners complain that they have limited access to government procurement in Japan, in part because Japanese companies unfairly undercut them.@@@@1@20@@oe@2-2-2013
20051022@unknown@formal@none@1@S@The U.S. government in recent years has accused Japanese companies of excessively slashing prices on semiconductors and supercomputers -- products Fujitsu and NEC make.@@@@1@24@@oe@2-2-2013
20051023@unknown@formal@none@1@S@Asked whether the bidding flap would hurt U.S.-Japan relations, Mr. Yamamoto said, "this will be a minus factor."@@@@1@18@@oe@2-2-2013
20051024@unknown@formal@none@1@S@The "one-yen" controversy first came to a head last week when the city of Hiroshima announced that Fujitsu won a contract to design a computer system to map its waterworks.@@@@1@30@@oe@2-2-2013
20051025@unknown@formal@none@1@S@The city had expected to pay about 11 million yen ($77,000), but Fujitsu essentially offered to do it for free.@@@@1@20@@oe@2-2-2013
20051026@unknown@formal@none@1@S@Then Wednesday, Fujitsu said it made a similar bid to win a library contract in Nagano prefecture two weeks earlier.@@@@1@20@@oe@2-2-2013
20051027@unknown@formal@none@1@S@It also said that in July, it bid 10,000 yen to design a system for the Saitama prefectural library, and two years ago, it bid one yen to plan the telecommunications system for Wakayama prefecture.@@@@1@35@@oe@2-2-2013
20051028@unknown@formal@none@1@S@The company said it has offered to withdraw its bids in Hiroshima and Nagano.@@@@1@14@@oe@2-2-2013
20051029@unknown@formal@none@1@S@The municipalities said they haven't decided whether to try to force the company to go through with the contracts.@@@@1@19@@oe@2-2-2013
20051030@unknown@formal@none@1@S@Fujitsu and NEC said they were still investigating, and that knowledge of more such bids could emerge.@@@@1@17@@oe@2-2-2013
20051031@unknown@formal@none@1@S@Mr. Yamamoto insisted that headquarters hadn't approved the bids, and that he didn't know about most of the cases until Wednesday.@@@@1@21@@oe@2-2-2013
20051032@unknown@formal@none@1@S@Other major Japanese computer companies contacted yesterday said they have never made such bids.@@@@1@14@@oe@2-2-2013
20051033@unknown@formal@none@1@S@"One yen is not ethical," Michio Sasaki, an official at Keidanren, the Japan Federation of Economic Organizations, said.@@@@1@18@@oe@2-2-2013
20051034@unknown@formal@none@1@S@"Profit may be low, but at least costs should be covered.@@@@1@11@@oe@2-2-2013
20052001@unknown@formal@none@1@S@PAPERS:@@@@1@1@@oe@2-2-2013
20052002@unknown@formal@none@1@S@Backe Group Inc. agreed to acquire Atlantic Publications Inc., which has 30 community papers and annual sales of $7 million.@@@@1@20@@oe@2-2-2013
20052003@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20052004@unknown@formal@none@1@S@Backe is a closely held media firm run by former CBS Inc. President John Backe.@@@@1@15@@oe@2-2-2013
20052005@unknown@formal@none@1@S@TV:@@@@1@1@@oe@2-2-2013
20052006@unknown@formal@none@1@S@Price Communications Corp. completed the sale of four of its TV stations to NTG Inc. for $120 million in cash and notes, retaining a 10% equity stake in the new concern.@@@@1@31@@oe@2-2-2013
20052007@unknown@formal@none@1@S@NTG was formed by Osborn Communications Corp. and Desai Capital.@@@@1@10@@oe@2-2-2013
20053001@unknown@formal@none@1@S@Michaels Stores Inc., which owns and operates a chain of specialty retail stores, said October sales rose 14.6% to $32.8 million from $28.6 million a year earlier.@@@@1@27@@oe@2-2-2013
20053002@unknown@formal@none@1@S@Sales in stores open more than one year rose 3% to $29.3 million from $28.4 million.@@@@1@16@@oe@2-2-2013
20054001@unknown@formal@none@1@S@Furukawa Co. of Japan said it will acquire two construction machinery plants and a sales unit in France formerly belonging to Dresser Industries Inc. of the U.S.@@@@1@27@@oe@2-2-2013
20054002@unknown@formal@none@1@S@The company said it made the purchase in order to locally produce hydraulically operated shovels.@@@@1@15@@oe@2-2-2013
20054003@unknown@formal@none@1@S@Last October, the company also bought a wheel-loader manufacturing plant in Heidelberg, West Germany, from Dresser.@@@@1@16@@oe@2-2-2013
20054004@unknown@formal@none@1@S@Furukawa said the purchase of the French and German plants together will total about 40 billion yen ($280 million).@@@@1@19@@oe@2-2-2013
20055001@unknown@formal@none@1@S@Structural Dynamics Research Corp., which makes computer-aided engineering software, said it introduced new technology in mechanical design automation that will improve mechanical engineering productivity.@@@@1@24@@oe@2-2-2013
20056001@unknown@formal@none@1@S@\s@@@@1@1@@oe@2-2-2013
20056002@unknown@formal@none@1@S@Money Market Deposits-a 6.21%@@@@1@4@@oe@2-2-2013
20056003@unknown@formal@none@1@S@a-Average rate paid yesterday by 100 large banks and thrifts in the 10 largest metropolitan areas as compiled by Bank Rate Monitor.@@@@1@22@@oe@2-2-2013
20056004@unknown@formal@none@1@S@b-Current annual yield.@@@@1@3@@oe@2-2-2013
20056005@unknown@formal@none@1@S@Guaranteed minimum 6%.@@@@1@3@@oe@2-2-2013
20057001@unknown@formal@none@1@S@LSI Logic Corp. reported a surprise $35.7 million third-quarter net loss, including a special restructuring charge that reflects a continuing industry-wide slowdown in semiconductor demand.@@@@1@25@@oe@2-2-2013
20057002@unknown@formal@none@1@S@In September, the custom-chip maker said excess capacity and lagging billings would result in an estimated $2 million to $3 million net loss for the third quarter.@@@@1@27@@oe@2-2-2013
20057003@unknown@formal@none@1@S@But company officials said yesterday that they decided to take a $43 million pretax charge for the period to cover a restructuring of world-wide manufacturing operations, citing extended weakness in the market as well as a decision to switch to more economical production techniques.@@@@1@44@@oe@2-2-2013
20057004@unknown@formal@none@1@S@"Over the summer months, there has been a slowing in the rate of new orders from the computer sector, our primary market," said Wilfred J. Corrigan, chairman and chief executive officer.@@@@1@31@@oe@2-2-2013
20057005@unknown@formal@none@1@S@"In addition, recent industry forecasts for 1990 indicate a slow environment, at least until midyear."@@@@1@15@@oe@2-2-2013
20057006@unknown@formal@none@1@S@As a result, the company said it decided to phase out its oldest capacity and "make appropriate reductions" in operating expenses.@@@@1@21@@oe@2-2-2013
20057007@unknown@formal@none@1@S@The $35.7 million net loss equals 86 cents a share.@@@@1@10@@oe@2-2-2013
20057008@unknown@formal@none@1@S@Not counting the extraordinary charge, the company said it would have had a net loss of $3.1 million, or seven cents a share.@@@@1@23@@oe@2-2-2013
20057009@unknown@formal@none@1@S@A year earlier, it had profit of $7.5 million, or 18 cents a share.@@@@1@14@@oe@2-2-2013
20057010@unknown@formal@none@1@S@Revenue rose 42% to $133.7 million from $94 million.@@@@1@9@@oe@2-2-2013
20057011@unknown@formal@none@1@S@The charge partly reflects a switch from older five-inch to more-efficient six-inch silicon wafers with which to fabricate chips.@@@@1@19@@oe@2-2-2013
20057012@unknown@formal@none@1@S@Related to that decision, the company said it was converting its Santa Clara, Calif., factory to a research and development facility.@@@@1@21@@oe@2-2-2013
20057013@unknown@formal@none@1@S@A spokesman declined to speculate about possible reductions in force.@@@@1@10@@oe@2-2-2013
20057014@unknown@formal@none@1@S@"This is a company that has invested in capacity additions more aggressively than any other company in the industry and now the industry is growing more slowly and they are suddenly poorly positioned," said Michael Stark, chip analyst at Robertson, Stephens & Co.@@@@1@43@@oe@2-2-2013
20057015@unknown@formal@none@1@S@"I think the stock is dead money for a while."@@@@1@10@@oe@2-2-2013
20057016@unknown@formal@none@1@S@Yesterday's announcement was made after markets closed.@@@@1@7@@oe@2-2-2013
20057017@unknown@formal@none@1@S@U.S. chip makers are facing continued slack demand following a traditionally slow summer.@@@@1@13@@oe@2-2-2013
20057018@unknown@formal@none@1@S@Part of the problem is that chip buyers are keeping inventories low because of jitters about the course of the U.S. economy.@@@@1@22@@oe@2-2-2013
20058001@unknown@formal@none@1@S@INGERSOLL-RAND Co. (Woodcliff Lake, N.J.) --@@@@1@6@@oe@2-2-2013
20058002@unknown@formal@none@1@S@William G. Kuhns, former chairman and chief executive officer of General Public Utilities Corp., was elected a director of this maker of industrial and construction equipment, increasing board membership to 10.@@@@1@31@@oe@2-2-2013
20059001@unknown@formal@none@1@S@The dollar posted gains against all major currencies yesterday, buoyed by persistent Japanese demand for U.S. bond issues.@@@@1@18@@oe@2-2-2013
20059002@unknown@formal@none@1@S@While market sentiment remains cautiously bearish on the dollar based on sluggish U.S. economic indicators, dealers note that Japanese demand has helped underpin the dollar against the yen and has kept the U.S. currency from plunging below key levels against the mark.@@@@1@42@@oe@2-2-2013
20059003@unknown@formal@none@1@S@At the same time, dealers said the U.S. unit has been locked into a relatively narrow range in recent weeks, in part because the hefty Japanese demand for dollars has been offset by the mark's strength, resulting in a stalemate.@@@@1@40@@oe@2-2-2013
20059004@unknown@formal@none@1@S@Jay Goldinger, with Capital Insight Inc., reasons that while the mark has posted significant gains against the yen as well -- the mark climbed to 77.70 yen from 77.56 yen late Tuesday in New York -- the strength of the U.S. bond market compared to its foreign counterparts has helped lure investors to dollar-denominated bonds, rather than mark bonds.@@@@1@59@@oe@2-2-2013
20059005@unknown@formal@none@1@S@"Dollar-yen {trade} is the driving force in the market," said Tom Trettien, a vice president with Banque Paribas in New York, "but I'm not convinced it will continue.@@@@1@28@@oe@2-2-2013
20059006@unknown@formal@none@1@S@Who knows what will happen down the road, in three to six months, if foreign investment starts to erode?"@@@@1@19@@oe@2-2-2013
20059007@unknown@formal@none@1@S@In late New York trading yesterday, the dollar was quoted at 1.8500 marks, up from 1.8415 marks late Tuesday, and at 143.80 yen, up from 142.85 yen late Tuesday.@@@@1@29@@oe@2-2-2013
20059008@unknown@formal@none@1@S@Sterling was quoted at $1.5755, down from $1.5805 late Tuesday.@@@@1@10@@oe@2-2-2013
20059009@unknown@formal@none@1@S@In Tokyo Thursday, the U.S. currency opened for trading at 143.93 yen, up from Wednesday's Tokyo close of 143.08 yen.@@@@1@20@@oe@2-2-2013
20059010@unknown@formal@none@1@S@Douglas Madison, a corporate trader with Bank of America in Los Angeles, traced the dollar's recent solid performance against the yen to purchases of securities by Japanese insurance companies and trust banks and the sense that another wave of investment is waiting in the wings.@@@@1@45@@oe@2-2-2013
20059011@unknown@formal@none@1@S@He contends that the perception in Japan of a vitriolic U.S. response to Sony Corp.'s announcement of its purchase of Columbia Pictures Entertainment Inc. has been temporarily mollified.@@@@1@28@@oe@2-2-2013
20059012@unknown@formal@none@1@S@He cites the recent deal between the Mitsubishi Estate Co. and the Rockefeller Group, as well as the possible white knight role of an undisclosed Japanese company in the Georgia-Pacific Corp. takeover bid for Great Northern Nekoosa Corp. as evidence.@@@@1@40@@oe@2-2-2013
20059013@unknown@formal@none@1@S@The forthcoming maturity in November of a 10-year Japanese government yen-denominated bond issue valued at about $16 billion has prompted speculation in the market that investors redeeming the bonds will diversify into dollar-denominated instruments, according to Mr. Madison.@@@@1@38@@oe@2-2-2013
20059014@unknown@formal@none@1@S@It remains unclear whether the bond issue will be rolled over.@@@@1@11@@oe@2-2-2013
20059015@unknown@formal@none@1@S@Meanwhile, traders in Tokyo say that the prospect of lower U.S. interest rates has spurred dollar buying by Japanese institutions.@@@@1@20@@oe@2-2-2013
20059016@unknown@formal@none@1@S@They point out that these institutions want to lock in returns on high-yield U.S. Treasury debt and suggest demand for the U.S. unit will continue unabated until rates in the U.S. recede.@@@@1@32@@oe@2-2-2013
20059017@unknown@formal@none@1@S@The market again showed little interest in further evidence of a slowing U.S. economy, and traders note that the market in recent weeks has taken its cues more from Wall Street than U.S. economic indicators.@@@@1@35@@oe@2-2-2013
20059018@unknown@formal@none@1@S@Dealers said the dollar merely drifted lower following the release Wednesday of the U.S. purchasing managers' report.@@@@1@17@@oe@2-2-2013
20059019@unknown@formal@none@1@S@The managers' index, which measures the health of the manufacturing sector, stood at 47.6% in October, above September's 46%, and also above average forecasts for the index of 45.3%.@@@@1@29@@oe@2-2-2013
20059020@unknown@formal@none@1@S@Some dealers said the dollar was pressured slightly because a number of market participants had boosted their expectations in the past day and were looking for an index above 50, which indicates an expanding manufacturing economy.@@@@1@36@@oe@2-2-2013
20059021@unknown@formal@none@1@S@But most said the index had no more than a minimal effect on trade.@@@@1@14@@oe@2-2-2013
20059022@unknown@formal@none@1@S@On the Commodity Exchange in New York, gold for current delivery settled at $374.20 an ounce, down 50 cents.@@@@1@19@@oe@2-2-2013
20059023@unknown@formal@none@1@S@Estimated volume was a moderate 3.5 million ounces.@@@@1@8@@oe@2-2-2013
20059024@unknown@formal@none@1@S@In early trading in Hong Kong Thursday, gold was quoted at $374.19 an ounce.@@@@1@14@@oe@2-2-2013
20060001@unknown@formal@none@1@S@"The Cosby Show" may have single-handedly turned around ratings at NBC since its debut in 1984, and the Huxtable family still keeps millions of viewers laughing Thursday night on the network.@@@@1@31@@oe@2-2-2013
20060002@unknown@formal@none@1@S@But some of the TV stations that bought "Cosby" reruns for record prices two years ago aren't laughing much these days.@@@@1@21@@oe@2-2-2013
20060003@unknown@formal@none@1@S@The reruns have helped ratings at many of the 187 network affiliates and independent TV stations that air the shows.@@@@1@20@@oe@2-2-2013
20060004@unknown@formal@none@1@S@But the ratings are considerably below expectations, and some stations say they may not buy new episodes when their current contracts expire.@@@@1@22@@oe@2-2-2013
20060005@unknown@formal@none@1@S@Meanwhile, stations are fuming because, many of them say, the show's distributor, Viacom Inc., is giving an ultimatum: Either sign new long-term commitments to buy future episodes or risk losing "Cosby" to a competitor.@@@@1@34@@oe@2-2-2013
20060006@unknown@formal@none@1@S@At the same time, Viacom is trying to persuade stations to make commitments to "A Different World," a spin-off of "Cosby" whose reruns will become available in 1991.@@@@1@28@@oe@2-2-2013
20060007@unknown@formal@none@1@S@Viacom denies it's using pressure tactics.@@@@1@6@@oe@2-2-2013
20060008@unknown@formal@none@1@S@"We're willing to negotiate," says Dennis Gillespie, executive vice president of marketing.@@@@1@12@@oe@2-2-2013
20060009@unknown@formal@none@1@S@"We're offering this plan now because we feel it's the right time."@@@@1@12@@oe@2-2-2013
20060010@unknown@formal@none@1@S@But, says the general manager of a network affiliate in the Midwest, "I think if I tell them I need more time, they'll take `Cosby' across the street,"@@@@1@28@@oe@2-2-2013
20060011@unknown@formal@none@1@S@Viacom's move comes as the syndication market is being flooded with situation comedies that are still running on the networks.@@@@1@20@@oe@2-2-2013
20060012@unknown@formal@none@1@S@One station manager says he believes Viacom's move is a "pre-emptive strike" because the company is worried that "Cosby" ratings will continue to drop in syndication over the next few years.@@@@1@31@@oe@2-2-2013
20060013@unknown@formal@none@1@S@"Cosby" is down a full ratings point in the week of Oct. 2-8 over the same week a year ago, according to A.C. Nielsen Co.@@@@1@25@@oe@2-2-2013
20060014@unknown@formal@none@1@S@Mr. Gillespie at Viacom says the ratings are rising.@@@@1@9@@oe@2-2-2013
20060015@unknown@formal@none@1@S@And executives at stations in such major markets as Washington; Providence, R.I.; Cleveland; Raleigh, N.C.; Minneapolis, and Louisville, Ky., say they may very well not renew "Cosby."@@@@1@27@@oe@2-2-2013
20060016@unknown@formal@none@1@S@Dick Lobo, the general manager of WTVJ, the NBC-owned station in Miami, for example, says the show has "been a major disappointment to us."@@@@1@24@@oe@2-2-2013
20060017@unknown@formal@none@1@S@"At the prices we were charged, there should have been some return for the dollar.@@@@1@15@@oe@2-2-2013
20060018@unknown@formal@none@1@S@There wasn't."@@@@1@2@@oe@2-2-2013
20060019@unknown@formal@none@1@S@Neil Kuvin, the general manager of WHAS, the CBS affiliate in Louisville, says "Cosby" gets the station's highest ratings and he's "pleased."@@@@1@22@@oe@2-2-2013
20060020@unknown@formal@none@1@S@But he adds, "I feel pressured, disappointed, uncomfortable and, frankly, quite angry with Viacom.@@@@1@14@@oe@2-2-2013
20061001@unknown@formal@none@1@S@The Life Insurance Co. of Georgia has officially opened an office in Taipei.@@@@1@13@@oe@2-2-2013
20061002@unknown@formal@none@1@S@David Wu, the company's representative in Taiwan, said Atlanta-based Life of Georgia will sell conventional life-insurance products.@@@@1@17@@oe@2-2-2013
20061003@unknown@formal@none@1@S@Life of Georgia is part of the Nationale Nederlanden Group, based in the Netherlands.@@@@1@14@@oe@2-2-2013
20062001@unknown@formal@none@1@S@In this era of frantic competition for ad dollars, a lot of revenue-desperate magazines are getting pretty cozy with advertisers -- fawning over them in articles and offering pages of advertorial space.@@@@1@32@@oe@2-2-2013
20062002@unknown@formal@none@1@S@So can a magazine survive by downright thumbing its nose at major advertisers?@@@@1@13@@oe@2-2-2013
20062003@unknown@formal@none@1@S@Garbage magazine, billed as "The Practical Journal for the Environment," is about to find out.@@@@1@15@@oe@2-2-2013
20062004@unknown@formal@none@1@S@Founded by Brooklyn, N.Y., publishing entrepreneur Patricia Poore, Garbage made its debut this fall with the promise to give consumers the straight scoop on the U.S. waste crisis.@@@@1@28@@oe@2-2-2013
20062005@unknown@formal@none@1@S@The magazine combines how-to pieces on topics like backyard composting, explanatory essays on such things as what happens after you flush your toilet, and hard-hitting pieces on alleged environmental offenders.@@@@1@30@@oe@2-2-2013
20062006@unknown@formal@none@1@S@Garbage editors have dumped considerable energy into a whirling rampage through supermarket aisles in a bid to identify corporate America's good guys and bad boys.@@@@1@25@@oe@2-2-2013
20062007@unknown@formal@none@1@S@In one feature, called "In the Dumpster," editors point out a product they deem to be a particularly bad offender.@@@@1@20@@oe@2-2-2013
20062008@unknown@formal@none@1@S@From an advertising standpoint, the problem is these offenders are likely to be some of the same folks that are major magazine advertisers these days.@@@@1@25@@oe@2-2-2013
20062009@unknown@formal@none@1@S@With only two issues under its belt, Garbage has alienated some would-be advertisers and raised the ire of others.@@@@1@19@@oe@2-2-2013
20062010@unknown@formal@none@1@S@Campbell Soup, for one, is furious its Souper Combo microwave product was chastised in the premiere "In the Dumpster" column.@@@@1@20@@oe@2-2-2013
20062011@unknown@formal@none@1@S@The magazine's editors ran a giant diagram of the product with arrows pointing to the packaging's polystyrene foam, polyproplene and polyester film -- all plastic items they say are non-biodegradable.@@@@1@30@@oe@2-2-2013
20062012@unknown@formal@none@1@S@"It's precisely the kind of product that's created the municipal landfill monster," the editors wrote.@@@@1@15@@oe@2-2-2013
20062013@unknown@formal@none@1@S@"I think that this magazine is not only called Garbage, but it is practicing journalistic garbage," fumes a spokesman for Campbell Soup.@@@@1@22@@oe@2-2-2013
20062014@unknown@formal@none@1@S@He says Campbell wasn't even contacted by the magazine for the opportunity to comment.@@@@1@14@@oe@2-2-2013
20062015@unknown@formal@none@1@S@Modifications had been made to the Souper Combo product at the time the issue was printed, he says, making it less an offender than was portrayed.@@@@1@26@@oe@2-2-2013
20062016@unknown@formal@none@1@S@He admits, though, it isn't one of Campbell Soup's better products in terms of recyclability.@@@@1@15@@oe@2-2-2013
20062017@unknown@formal@none@1@S@Campbell Soup, not surprisingly, doesn't have any plans to advertise in the magazine, according to its spokesman.@@@@1@17@@oe@2-2-2013
20062018@unknown@formal@none@1@S@Some media experts question whether a young magazine can risk turning off Madison Avenue's big spenders.@@@@1@16@@oe@2-2-2013
20062019@unknown@formal@none@1@S@"You really need the Campbell Soups of the world to be interested in your magazine if you're going to make a run of it," says Mike White, senior vice president and media director at DDB Needham, Chicago.@@@@1@37@@oe@2-2-2013
20062020@unknown@formal@none@1@S@"The economics of magazine publishing pretty much require that you have a pretty solid base" of big-time ad spenders, he adds.@@@@1@21@@oe@2-2-2013
20062021@unknown@formal@none@1@S@The first two issues featured ads from only a handful of big advertisers, including General Electric and Adolph Coors, but the majority were from companies like Waste Management Inc. and Bumkins International, firms that don't spend much money advertising and can't be relied on to support a magazine over the long haul.@@@@1@52@@oe@2-2-2013
20062022@unknown@formal@none@1@S@A Waste Management spokeswoman says its ad in the premiere issue was a one-time purchase, and it doesn't have any plans to advertise in future issues.@@@@1@26@@oe@2-2-2013
20062023@unknown@formal@none@1@S@"We don't spend much on print advertising," she says.@@@@1@9@@oe@2-2-2013
20062024@unknown@formal@none@1@S@But Ms. Poore, the magazine's editor and publisher, contends Garbage can survive, at least initially, on subscription revenues.@@@@1@18@@oe@2-2-2013
20062025@unknown@formal@none@1@S@Individual copies of the magazine sell for $2.95 and yearly subscriptions cost $21.@@@@1@13@@oe@2-2-2013
20062026@unknown@formal@none@1@S@(It is, of course, printed on recycled paper.)@@@@1@8@@oe@2-2-2013
20062027@unknown@formal@none@1@S@According to Ms. Poore, Old-House Journal Corp., her publishing company, printed and sold all 126,000 copies of the premiere issue.@@@@1@20@@oe@2-2-2013
20062028@unknown@formal@none@1@S@The first and second issues sold out on newsstands, she says, and the magazine has orders for 93,000 subscriptions.@@@@1@19@@oe@2-2-2013
20062029@unknown@formal@none@1@S@Asked whether potential advertisers will be scared away by the magazine's direct policy, Ms. Poore replies: "I don't know and I don't care.@@@@1@23@@oe@2-2-2013
20062030@unknown@formal@none@1@S@I'm not saying advertising revenue isn't important," she says, "but I couldn't sleep at night" if the magazine bowed to a company because they once took out an ad.@@@@1@29@@oe@2-2-2013
20062031@unknown@formal@none@1@S@Ad Notes. . . .@@@@1@5@@oe@2-2-2013
20062032@unknown@formal@none@1@S@INTERPUBLIC ON TV:@@@@1@3@@oe@2-2-2013
20062033@unknown@formal@none@1@S@Interpublic Group said its television programming operations -- which it expanded earlier this year -- agreed to supply more than 4,000 hours of original programming across Europe in 1990.@@@@1@29@@oe@2-2-2013
20062034@unknown@formal@none@1@S@It said the programs, largely game shows, will be provided by its E.C. Television unit along with Fremantle International, a producer and distributor of game shows of which it recently bought 49%.@@@@1@32@@oe@2-2-2013
20062035@unknown@formal@none@1@S@It said that volume makes it the largest supplier of original TV programming in Europe.@@@@1@15@@oe@2-2-2013
20062036@unknown@formal@none@1@S@Interpublic is providing the programming in return for advertising time, which it said will be valued at more than $75 million in 1990 and $150 million in 1991.@@@@1@28@@oe@2-2-2013
20062037@unknown@formal@none@1@S@It plans to sell the ad time to its clients at a discount.@@@@1@13@@oe@2-2-2013
20062038@unknown@formal@none@1@S@NEW ACCOUNT:@@@@1@2@@oe@2-2-2013
20062039@unknown@formal@none@1@S@CoreStates Financial Corp., Philadelphia, named Earle Palmer Brown & Spiro, Philadelphia, as agency of record for its $5 million account.@@@@1@20@@oe@2-2-2013
20062040@unknown@formal@none@1@S@The business had been handled by VanSant Dugdale, Baltimore.@@@@1@9@@oe@2-2-2013
20062041@unknown@formal@none@1@S@AT&T FAX:@@@@1@2@@oe@2-2-2013
20062042@unknown@formal@none@1@S@American Telephone & Telegraph's General Business Systems division, New York, awarded the ad account for its Fax product line to Ogilvy & Mather, New York, a WPP Group agency.@@@@1@29@@oe@2-2-2013
20062043@unknown@formal@none@1@S@Billings weren't disclosed for the small account, which had been serviced at Young & Rubicam, New York.@@@@1@17@@oe@2-2-2013
20062044@unknown@formal@none@1@S@FIRST CAMPAIGN:@@@@1@2@@oe@2-2-2013
20062045@unknown@formal@none@1@S@Enterprise Rent-A-Car Inc. breaks its first national ad campaign this week.@@@@1@11@@oe@2-2-2013
20062046@unknown@formal@none@1@S@The St. Louis firm specializes in replacement-car rentals, those provided by insurance companies for cars damaged in accidents.@@@@1@18@@oe@2-2-2013
20062047@unknown@formal@none@1@S@Developed by Avrett, Free & Ginsberg, New York, the $6 million campaign pitches Enterprise's consumer-driven service and its free pick-up and drop-off service.@@@@1@23@@oe@2-2-2013
20062048@unknown@formal@none@1@S@LANDOR ASSOCIATES:@@@@1@2@@oe@2-2-2013
20062049@unknown@formal@none@1@S@Young & Rubicam said it completed its acquisition of Landor Associates, a San Francisco identity-management firm.@@@@1@16@@oe@2-2-2013
20062050@unknown@formal@none@1@S@ACQUISITION:@@@@1@1@@oe@2-2-2013
20062051@unknown@formal@none@1@S@Ketchum Communications, Pittsburgh, acquired Braun & Co., a Los Angeles investor-relations and marketing-communications firm.@@@@1@14@@oe@2-2-2013
20062052@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20063001@unknown@formal@none@1@S@Sea Containers Ltd. said it might increase the price of its $70-a-share buy-back plan if pressed by Temple Holdings Ltd., which made an earlier tender offer for Sea Containers.@@@@1@29@@oe@2-2-2013
20063002@unknown@formal@none@1@S@Sea Containers, a Hamilton, Bermuda-based shipping concern, said Tuesday that it would sell $1.1 billion of assets and use some of the proceeds to buy about 50% of its common shares for $70 apiece.@@@@1@34@@oe@2-2-2013
20063003@unknown@formal@none@1@S@The move is designed to ward off a hostile takeover attempt by two European shipping concerns, Stena Holding AG and Tiphook PLC.@@@@1@22@@oe@2-2-2013
20063004@unknown@formal@none@1@S@In May, the two companies, through their jointly owned holding company, Temple, offered $50 a share, or $777 million, for Sea Containers.@@@@1@22@@oe@2-2-2013
20063005@unknown@formal@none@1@S@In August, Temple sweetened the offer to $63 a share, or $963 million.@@@@1@13@@oe@2-2-2013
20063006@unknown@formal@none@1@S@Yesterday, Sea Containers' chief executive officer, James Sherwood, said in an interview that, under the asset-sale plan, Sea Containers would end up with a cash surplus of approximately $620 million.@@@@1@30@@oe@2-2-2013
20063007@unknown@formal@none@1@S@About $490 million of that would be allocated to the buy-back, leaving about $130 million, he said.@@@@1@17@@oe@2-2-2013
20063008@unknown@formal@none@1@S@That $130 million, Mr. Sherwood said, "gives us some flexibility in case Temple raises its bid.@@@@1@16@@oe@2-2-2013
20063009@unknown@formal@none@1@S@We are able to increase our price above the $70 level if necessary.@@@@1@13@@oe@2-2-2013
20063010@unknown@formal@none@1@S@" He declined to say, however, how much Sea Containers might raise its price.@@@@1@14@@oe@2-2-2013
20063011@unknown@formal@none@1@S@Mr. Sherwood speculated that the leeway that Sea Containers has means that Temple would have to "substantially increase their bid if they're going to top us."@@@@1@26@@oe@2-2-2013
20063012@unknown@formal@none@1@S@Temple, however, harshly criticized Sea Containers' plan yesterday, characterizing it as a "highly conditional device designed to entrench management, confuse shareholders and prevent them from accepting our superior cash offer."@@@@1@30@@oe@2-2-2013
20063013@unknown@formal@none@1@S@A spokesman for Temple estimated that Sea Containers' plan -- if all the asset sales materialize -- would result in shareholders receiving only $36 to $45 a share in cash.@@@@1@30@@oe@2-2-2013
20063014@unknown@formal@none@1@S@The lower figures, the spokesman said, would stem from preferred shares being converted to common stock and the possibility that Sea Containers' subsidiaries might be required to place their shares in the open market.@@@@1@34@@oe@2-2-2013
20063015@unknown@formal@none@1@S@Temple added that Sea Containers is still mired in legal problems in Bermuda, where the Supreme Court has temporarily barred Sea Containers from buying back its own stock in a case brought by Stena and Tiphook.@@@@1@36@@oe@2-2-2013
20063016@unknown@formal@none@1@S@{The court has indicated it will rule on the case by the end of the month.}@@@@1@16@@oe@2-2-2013
20063017@unknown@formal@none@1@S@Temple also said Sea Containers' plan raises "numerous legal, regulatory, financial and fairness issues," but didn't elaborate.@@@@1@17@@oe@2-2-2013
20063018@unknown@formal@none@1@S@Mr. Sherwood said reaction to Sea Containers' proposal has been "very positive."@@@@1@12@@oe@2-2-2013
20063019@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Sea Containers closed at $62.625, up 62.5 cents.@@@@1@16@@oe@2-2-2013
20064001@unknown@formal@none@1@S@The Transportation Department, responding to pressure from safety advocates, took further steps to impose on light trucks and vans the safety requirements used for automobiles.@@@@1@25@@oe@2-2-2013
20064002@unknown@formal@none@1@S@The department proposed requiring stronger roofs for light trucks and minivans, beginning with 1992 models.@@@@1@15@@oe@2-2-2013
20064003@unknown@formal@none@1@S@It also issued a final rule requiring auto makers to equip light trucks and minivans with lap-shoulder belts for rear seats beginning in the 1992 model year.@@@@1@27@@oe@2-2-2013
20064004@unknown@formal@none@1@S@Such belts already are required for the vehicles' front seats.@@@@1@10@@oe@2-2-2013
20064005@unknown@formal@none@1@S@"Today's action," Transportation Secretary Samuel Skinner said, "represents another milestone in the ongoing program to promote vehicle occupant safety in light trucks and minivans through its extension of passenger car standards."@@@@1@31@@oe@2-2-2013
20064006@unknown@formal@none@1@S@In September, the department had said it will require trucks and minivans to be equipped with the same front-seat headrests that have long been required on passenger cars.@@@@1@28@@oe@2-2-2013
20064007@unknown@formal@none@1@S@The Big Three auto makers said the rule changes weren't surprising because Bush administration officials have long said they planned to impose car safety standards on light trucks and vans.@@@@1@30@@oe@2-2-2013
20064008@unknown@formal@none@1@S@Safety advocates, including some members of Congress, have been urging the department for years to extend car-safety requirements to light trucks and vans, which now account for almost one-third of all vehicle sales in the U.S.@@@@1@36@@oe@2-2-2013
20064009@unknown@formal@none@1@S@They say that many vehicles classed as commercial light trucks actually carry more people than cargo and therefore should have the same safety features as cars.@@@@1@26@@oe@2-2-2013
20064010@unknown@formal@none@1@S@They didn't have much luck during the Reagan administration.@@@@1@9@@oe@2-2-2013
20064011@unknown@formal@none@1@S@"But now, there seems to be a fairly systematic effort to address the problem," said Chuck Hurley, vice president of communications for the Insurance Institute for Highway Safety.@@@@1@28@@oe@2-2-2013
20064012@unknown@formal@none@1@S@"We're in a very different regulatory environment."@@@@1@7@@oe@2-2-2013
20064013@unknown@formal@none@1@S@Sen. John Danforth (R., Mo.) praised the department's actions, noting that rollover crashes account for almost half of all light-truck deaths.@@@@1@21@@oe@2-2-2013
20064014@unknown@formal@none@1@S@"We could prevent many of these fatalities with minimum roof-crush standards," he said.@@@@1@13@@oe@2-2-2013
20064015@unknown@formal@none@1@S@Sen. Danforth and others also want the department to require additional safety equipment in light trucks and minivans, including air bags or automatic seat belts in front seats and improved side-crash protection.@@@@1@32@@oe@2-2-2013
20064016@unknown@formal@none@1@S@The department's roof-crush proposal would apply to vehicles weighing 10,000 pounds or less.@@@@1@13@@oe@2-2-2013
20064017@unknown@formal@none@1@S@The roofs would be required to withstand a force of 1.5 times the unloaded weight of the vehicle.@@@@1@18@@oe@2-2-2013
20064018@unknown@formal@none@1@S@During the test, the roof couldn't be depressed more than five inches.@@@@1@12@@oe@2-2-2013
20064019@unknown@formal@none@1@S@In Detroit, a Chrysler Corp. official said the company currently has no rear-seat lap and shoulder belts in its light trucks, but plans to begin phasing them in by the end of the 1990 model year.@@@@1@36@@oe@2-2-2013
20064020@unknown@formal@none@1@S@He said Chrysler fully expects to have them installed across its light-truck line by the Sept. 1, 1991, deadline.@@@@1@19@@oe@2-2-2013
20064021@unknown@formal@none@1@S@Chrysler said its trucks and vans already meet the roof-crush resistance standard for cars.@@@@1@14@@oe@2-2-2013
20064022@unknown@formal@none@1@S@John Leinonen, executive engineer of Ford Motor Co.'s auto-safety office, said Ford trucks have met car standards for roof-crush resistance since 1982.@@@@1@22@@oe@2-2-2013
20064023@unknown@formal@none@1@S@Ford began installing the rear-seat belts in trucks with its F-series Crew Cab pickups in the 1989 model year.@@@@1@19@@oe@2-2-2013
20064024@unknown@formal@none@1@S@The new Explorer sport-utility vehicle, set for introduction next spring, will also have the rear-seat belts.@@@@1@16@@oe@2-2-2013
20064025@unknown@formal@none@1@S@Mr. Leinonen said he expects Ford to meet the deadline easily.@@@@1@11@@oe@2-2-2013
20065001@unknown@formal@none@1@S@Consolidated Rail Corp. said it would spend more than $30 million on 1,000 enclosed railcars for transporting autos.@@@@1@18@@oe@2-2-2013
20065002@unknown@formal@none@1@S@The multilevel railcars, scheduled for delivery in 1990, will be made by Thrall Manufacturing Co., a Chicago Heights, Ill., division of closely held Duchossois Industries Inc., Elmhurst, Ill.@@@@1@28@@oe@2-2-2013
20065003@unknown@formal@none@1@S@This year, the railroad holding company acquired 850 such railcars.@@@@1@10@@oe@2-2-2013
20066001@unknown@formal@none@1@S@Sir Peter Walters, 58-year-old chairman of British Petroleum Co. until next March, joins the board of this cement products company on Dec. 1.@@@@1@23@@oe@2-2-2013
20066002@unknown@formal@none@1@S@Sir Peter will succeed Sir John Milne, 65, who retires as Blue Circle nonexecutive chairman on June 1.@@@@1@18@@oe@2-2-2013
20067001@unknown@formal@none@1@S@Bank of New England Corp. said it has held talks with potential merger partners outside New England, although it added that nothing is imminent and it hasn't received any formal offers.@@@@1@31@@oe@2-2-2013
20067002@unknown@formal@none@1@S@The discussions were disclosed as the bank holding company said that it has dropped its longstanding opposition to full interstate banking bills in Connecticut and in Massachusetts.@@@@1@27@@oe@2-2-2013
20067003@unknown@formal@none@1@S@Later yesterday, a Massachusetts senate committee approved a bill to allow national interstate banking by banks in the state beginning in 1991.@@@@1@22@@oe@2-2-2013
20067004@unknown@formal@none@1@S@Currently, both Massachusetts and Connecticut, where most of Bank of New England's operations are, allow interstate banking only within New England.@@@@1@21@@oe@2-2-2013
20067005@unknown@formal@none@1@S@Richard Driscoll, vice chairman of Bank of New England, told the Dow Jones Professional Investor Report, "Certainly, there are those outside the region who think of us prospectively as a good partner.@@@@1@32@@oe@2-2-2013
20067006@unknown@formal@none@1@S@We have, and I'm sure others have, considered what our options are, and we've had conversations with people who in the future might prove to be interesting partners."@@@@1@28@@oe@2-2-2013
20067007@unknown@formal@none@1@S@He added, "There's nothing very hot."@@@@1@6@@oe@2-2-2013
20067008@unknown@formal@none@1@S@Mr. Driscoll didn't elaborate about who the potential partners were or when the talks were held.@@@@1@16@@oe@2-2-2013
20067009@unknown@formal@none@1@S@A bank spokeswoman also declined to comment on any merger-related matters, but said the company decided to drop its opposition to the interstate banking legislation because "prevailing sentiment is in favor of passage."@@@@1@33@@oe@2-2-2013
20067010@unknown@formal@none@1@S@Bank of New England has been hit hard by the region's real-estate slump, with its net income declining 42% to $121.6 million, or 61 cents a share, in the first nine months of 1989 from the year-earlier period.@@@@1@38@@oe@2-2-2013
20067011@unknown@formal@none@1@S@The company recently said it would sell some operations and lay off 4% of its work force, altogether reducing employment to less than 16,000 from about 18,000.@@@@1@27@@oe@2-2-2013
20067012@unknown@formal@none@1@S@It recently signed a preliminary agreement to negotiate exclusively with the Bank of Tokyo Ltd. for the sale of part of its leasing business to the Japanese bank.@@@@1@28@@oe@2-2-2013
20068001@unknown@formal@none@1@S@GOODY PRODUCTS Inc. cut its quarterly dividend to five cents a share from 11.5 cents a share.@@@@1@17@@oe@2-2-2013
20068002@unknown@formal@none@1@S@The reduced dividend is payable Jan. 2 to stock of record Dec. 15.@@@@1@13@@oe@2-2-2013
20068003@unknown@formal@none@1@S@The Kearny, N.J.-based maker of hair accessories and other cosmetic products said it cut the dividend due to its third-quarter loss of $992,000, or 15 cents a share.@@@@1@28@@oe@2-2-2013
20068004@unknown@formal@none@1@S@In the year-ago quarter, the company reported net income of $1.9 million, or 29 cents a share.@@@@1@17@@oe@2-2-2013
20068005@unknown@formal@none@1@S@The company also adopted an anti-takeover plan.@@@@1@7@@oe@2-2-2013
20069001@unknown@formal@none@1@S@Michael Henderson, 51-year-old group chief executive of this U.K. metals and industrial materials maker, will become chairman in May, succeeding Ian Butler, 64, who is retiring.@@@@1@26@@oe@2-2-2013
20069002@unknown@formal@none@1@S@Mr. Butler will remain on the board as a nonexecutive director.@@@@1@11@@oe@2-2-2013
20070001@unknown@formal@none@1@S@Rally's Inc. said it has redeemed its rights outstanding issued Monday in its shareholder rights plan.@@@@1@16@@oe@2-2-2013
20070002@unknown@formal@none@1@S@The company said holders of stock of record Nov. 10 will receive 1/10th of one cent a share as the redemption payment.@@@@1@22@@oe@2-2-2013
20070003@unknown@formal@none@1@S@The fast-food company said its decision was based upon discussions with a shareholder group, Giant Group Ltd., "in an effort to resolve certain disputes with the company."@@@@1@27@@oe@2-2-2013
20070004@unknown@formal@none@1@S@Giant Group is led by three Rally's directors, Burt Sugarman, James M. Trotter III and William E. Trotter II, who last month indicated they hold a 42.5% stake in Rally's and plan to seek a majority of seats on Rally's nine-member board.@@@@1@42@@oe@2-2-2013
20071001@unknown@formal@none@1@S@When Warren Winiarski, proprietor of Stag's Leap Wine Cellars in Napa Valley, announced a $75 price tag for his 1985 Cask 23 Cabernet this fall, few wine shops and restaurants around the country balked.@@@@1@34@@oe@2-2-2013
20071002@unknown@formal@none@1@S@"This is the peak of my wine-making experience," Mr. Winiarski declared when he introduced the wine at a dinner in New York, "and I wanted to single it out as such."@@@@1@31@@oe@2-2-2013
20071003@unknown@formal@none@1@S@It is in my estimation the best wine Stag's Leap has produced, and with fewer than 700 cases available, it is sure to sell quickly.@@@@1@25@@oe@2-2-2013
20071004@unknown@formal@none@1@S@The price is a new high for California Cabernet Sauvignon, but it is not the highest.@@@@1@16@@oe@2-2-2013
20071005@unknown@formal@none@1@S@Diamond Creek 1985 Lake Vineyard Cabernet weighed in this fall with a sticker price of $100 a bottle.@@@@1@18@@oe@2-2-2013
20071006@unknown@formal@none@1@S@One of the fastest growing segments of the wine market is the category of superpremiums -- wines limited in production, of exceptional quality (or so perceived, at any rate), and with exceedingly high prices.@@@@1@34@@oe@2-2-2013
20071007@unknown@formal@none@1@S@For years, this group included a stable of classics -- Bordeaux first growths (Lafite-Rothschild, Latour, Haut-Brion, Petrus), Grand Cru Burgundies (Romanee-Conti and La Tache) deluxe Champagnes (Dom Perignon or Roederer Cristal), rarefied sweet wines (Chateau Yquem or Trockenbeerenauslesen Rieslings from Germany, and Biondi-Santi Brunello Riserva from Tuscany).@@@@1@47@@oe@2-2-2013
20071008@unknown@formal@none@1@S@These first magnitude wines ranged in price from $40 to $125 a bottle.@@@@1@13@@oe@2-2-2013
20071009@unknown@formal@none@1@S@In the last year or so, however, this exclusive club has taken in a host of flashy new members.@@@@1@19@@oe@2-2-2013
20071010@unknown@formal@none@1@S@The classics have zoomed in price to meet the competition, and it almost seems that there's a race on to come up with the priciest single bottle, among current releases from every major wine region on the globe.@@@@1@38@@oe@2-2-2013
20071011@unknown@formal@none@1@S@France can boast the lion's share of high-priced bottles.@@@@1@9@@oe@2-2-2013
20071012@unknown@formal@none@1@S@Bordeaux's first growths from 1985 and 1986 are $60 to $80 each (except for the smallest in terms of production, Chateau Petrus, which costs around $250!).@@@@1@26@@oe@2-2-2013
20071013@unknown@formal@none@1@S@These prices seem rather modest, however, in light of other French wines from current vintages.@@@@1@15@@oe@2-2-2013
20071014@unknown@formal@none@1@S@Chateau Yquem, the leading Sauternes, now goes for well over $100 a bottle for a lighter vintage like 1984; the spectacularly rich 1983 runs $179.@@@@1@25@@oe@2-2-2013
20071015@unknown@formal@none@1@S@In Champagne, some of the prestige cuvees are inching toward $100 a bottle.@@@@1@13@@oe@2-2-2013
20071016@unknown@formal@none@1@S@The first Champagne to crack that price barrier was the 1979 Salon de Mesnil Blanc de Blancs.@@@@1@17@@oe@2-2-2013
20071017@unknown@formal@none@1@S@The '82 Salon is $115.@@@@1@5@@oe@2-2-2013
20071018@unknown@formal@none@1@S@Roederer Cristal at $90 a bottle sells out around the country and Taittinger's Comtes de Champagne Blanc de Blancs is encroaching upon that level.@@@@1@24@@oe@2-2-2013
20071019@unknown@formal@none@1@S@The great reds of the Rhone Valley have soared in price as well.@@@@1@13@@oe@2-2-2013
20071020@unknown@formal@none@1@S@E. Guigal's 1982 Cote Rotie La Landonne, for example, is $120.@@@@1@11@@oe@2-2-2013
20071021@unknown@formal@none@1@S@None of France's wine regions can steal a march on Burgundy, however.@@@@1@12@@oe@2-2-2013
20071022@unknown@formal@none@1@S@The six wines of the Domaine de la Romanee-Conti, 72 of the most precious acres of vineyard anywhere in the world, have commanded three-digit price tags for several years now.@@@@1@30@@oe@2-2-2013
20071023@unknown@formal@none@1@S@With the 1985 vintage, they soared higher: La Tache, $195; Richebourg, $180; Romanee-Conti, $225.@@@@1@14@@oe@2-2-2013
20071024@unknown@formal@none@1@S@Another small Burgundy estate, Coche-Dury, has just offered its 1987 Corton-Charlemagne for $155.@@@@1@13@@oe@2-2-2013
20071025@unknown@formal@none@1@S@From Italy there is Angelo Gaja Barbaresco at $125 a bottle, Piero Antinori's La Solaia, a $90 Cabernet from Tuscany, and Biondi-Santi Brunello at $98.@@@@1@25@@oe@2-2-2013
20071026@unknown@formal@none@1@S@Spain's Vega Secilia Unico 1979 (released only in its 10th year) is $70, as is Australia's Grange Hermitage 1982.@@@@1@19@@oe@2-2-2013
20071027@unknown@formal@none@1@S@"There are certain cult wines that can command these higher prices," says Larry Shapiro of Marty's, one of the largest wine shops in Dallas.@@@@1@24@@oe@2-2-2013
20071028@unknown@formal@none@1@S@"What's different is that it is happening with young wines just coming out.@@@@1@13@@oe@2-2-2013
20071029@unknown@formal@none@1@S@We're seeing it partly because older vintages are growing more scarce."@@@@1@11@@oe@2-2-2013
20071030@unknown@formal@none@1@S@Wine auctions have almost exhausted the limited supply of those wines, Mr. Shapiro continued: "We've seen a dramatic decrease in demand for wines from the '40s and '50s, which go for $300 to $400 a bottle.@@@@1@36@@oe@2-2-2013
20071031@unknown@formal@none@1@S@Some of the newer wines, even at $90 to $100 a bottle or so, almost offer a bargain."@@@@1@18@@oe@2-2-2013
20071032@unknown@formal@none@1@S@Take Lake Vineyard Cabernet from Diamond Creek.@@@@1@7@@oe@2-2-2013
20071033@unknown@formal@none@1@S@It's made only in years when the grapes ripen perfectly (the last was 1979) and comes from a single acre of grapes that yielded a mere 75 cases in 1987.@@@@1@30@@oe@2-2-2013
20071034@unknown@formal@none@1@S@Owner Al Brownstein originally planned to sell it for $60 a bottle, but when a retailer in Southern California asked, "Is that wholesale or retail?" he re-thought the matter.@@@@1@29@@oe@2-2-2013
20071035@unknown@formal@none@1@S@Offering the wine at roughly $65 a bottle wholesale ($100 retail), he sent merchants around the country a form asking them to check one of three answers: 1) no, the wine is too high (2 responses); 2) yes, it's high but I'll take it (2 responses); 3) I'll take all I can get (58 responses).@@@@1@55@@oe@2-2-2013
20071036@unknown@formal@none@1@S@The wine was shipped in six-bottle cases instead of the usual 12, but even at that it was spread thin, going to 62 retailers in 28 states.@@@@1@27@@oe@2-2-2013
20071037@unknown@formal@none@1@S@"We thought it was awfully expensive," said Sterling Pratt, wine director at Schaefer's in Skokie, Ill., one of the top stores in suburban Chicago, "but there are people out there with very different opinions of value.@@@@1@36@@oe@2-2-2013
20071038@unknown@formal@none@1@S@We got our two six-packs -- and they're gone."@@@@1@9@@oe@2-2-2013
20071039@unknown@formal@none@1@S@Mr. Pratt remarked that he thinks steeper prices have come about because producers don't like to see a hit wine dramatically increase in price later on.@@@@1@26@@oe@2-2-2013
20071040@unknown@formal@none@1@S@Even if there is consumer resistance at first, a wine that wins high ratings from the critics will eventually move.@@@@1@20@@oe@2-2-2013
20071041@unknown@formal@none@1@S@"There may be sticker-shock reaction initially," said Mr. Pratt, "but as the wine is talked about and starts to sell, they eventually get excited and decide it's worth the astronomical price to add it to their collection."@@@@1@37@@oe@2-2-2013
20071042@unknown@formal@none@1@S@"It's just sort of a one-upsmanship thing with some people," added Larry Shapiro.@@@@1@13@@oe@2-2-2013
20071043@unknown@formal@none@1@S@"They like to talk about having the new Red Rock Terrace {one of Diamond Creek's Cabernets} or the Dunn 1985 Cabernet, or the Petrus.@@@@1@24@@oe@2-2-2013
20071044@unknown@formal@none@1@S@Producers have seen this market opening up and they're now creating wines that appeal to these people."@@@@1@17@@oe@2-2-2013
20071045@unknown@formal@none@1@S@That explains why the number of these wines is expanding so rapidly.@@@@1@12@@oe@2-2-2013
20071046@unknown@formal@none@1@S@But consumers who buy at this level are also more knowledgeable than they were a few years ago.@@@@1@18@@oe@2-2-2013
20071047@unknown@formal@none@1@S@"They won't buy if the quality is not there," said Cedric Martin of Martin Wine Cellar in New Orleans.@@@@1@19@@oe@2-2-2013
20071048@unknown@formal@none@1@S@"Or if they feel the wine is overpriced and they can get something equally good for less."@@@@1@17@@oe@2-2-2013
20071049@unknown@formal@none@1@S@Mr. Martin has increased prices on some wines (like Grgich Hills Chardonnay, now $32) just to slow down movement, but he is beginning to see some resistance to high-priced red Burgundies and Cabernets and Chardonnays in the $30 to $40 range.@@@@1@41@@oe@2-2-2013
20071050@unknown@formal@none@1@S@Image has, of course, a great deal to do with what sells and what doesn't, and it can't be forced.@@@@1@20@@oe@2-2-2013
20071051@unknown@formal@none@1@S@Wine merchants can't keep Roederer Cristal in stock, but they have to push Salon le Mesnil, even lowering the price from $115 to $90.@@@@1@24@@oe@2-2-2013
20071052@unknown@formal@none@1@S@It's hardly a question of quality -- the 1982 Salon is a beautiful wine, but, as Mr. Pratt noted, people have their own ideas about value.@@@@1@26@@oe@2-2-2013
20071053@unknown@formal@none@1@S@It's interesting to find that a lot of the expensive wines aren't always walking out the door.@@@@1@17@@oe@2-2-2013
20071054@unknown@formal@none@1@S@In every major market in the U.S., for instance, you can buy '86 La Tache or Richebourg, virtually all of the first growth Bordeaux (except Petrus), as well as Opus One and Dominus from California and, at the moment, the Stag's Leap 1985 Cask 23.@@@@1@45@@oe@2-2-2013
20071055@unknown@formal@none@1@S@With the biggest wine-buying period of the year looming as the holidays approach, it will be interesting to see how the superpremiums fare.@@@@1@23@@oe@2-2-2013
20071056@unknown@formal@none@1@S@By January it should be fairly clear what's hot -- and what's not.@@@@1@13@@oe@2-2-2013
20071057@unknown@formal@none@1@S@Ms. Ensrud is a free-lance wine writer in New York.@@@@1@10@@oe@2-2-2013
20072001@unknown@formal@none@1@S@Signs of a slowing economy are increasing pressure on the Federal Reserve to cut short-term interest rates, but it isn't clear whether the central bank will do so.@@@@1@28@@oe@2-2-2013
20072002@unknown@formal@none@1@S@A survey by the Fed's 12 district banks shows economic growth has been sluggish in recent weeks, while upward pressures on prices have moderated.@@@@1@24@@oe@2-2-2013
20072003@unknown@formal@none@1@S@"The economy is clearly slowing," says Robert Black, president of the Richmond Federal Reserve Bank.@@@@1@15@@oe@2-2-2013
20072004@unknown@formal@none@1@S@"If you look at the third quarter as posting roughly 2.5% growth, I do see some slowing in the fourth quarter," agrees Kansas City Fed President Roger Guffey.@@@@1@28@@oe@2-2-2013
20072005@unknown@formal@none@1@S@Nevertheless, both Mr. Guffey and Mr. Black say the slowdown so far is no cause for concern.@@@@1@17@@oe@2-2-2013
20072006@unknown@formal@none@1@S@"We're coming closer to achieving the stated objective of slowing the economy to a point where hopefully some downward trend in prices will occur," said Mr. Guffey.@@@@1@27@@oe@2-2-2013
20072007@unknown@formal@none@1@S@Bush administration officials are looking to the Fed to bring down rates, and financial markets seem to be expecting easier credit as well.@@@@1@23@@oe@2-2-2013
20072008@unknown@formal@none@1@S@"I think the market had been expecting the Fed to ease sooner and a little more than it has to date," said Robert Johnson, vice president of global markets for Bankers Trust Co.@@@@1@33@@oe@2-2-2013
20072009@unknown@formal@none@1@S@The Fed cut the key federal funds interest rate by about 0.25 percentage point to 8.75% after the Oct. 13 stock market plunge, but has shown no sign of movement since.@@@@1@31@@oe@2-2-2013
20072010@unknown@formal@none@1@S@The report from the Fed found that manufacturing, in particular, has been weak in recent weeks.@@@@1@16@@oe@2-2-2013
20072011@unknown@formal@none@1@S@The Philadelphia Fed, for instance, reported that manufacturing activity "continues to decline" for the fourth month in a row.@@@@1@19@@oe@2-2-2013
20072012@unknown@formal@none@1@S@And in the Chicago district, the report said, "a manufacturer of capital goods noted slower orders for some types, including defense equipment, petroleum equipment, food packaging machinery and material handling equipment."@@@@1@31@@oe@2-2-2013
20072013@unknown@formal@none@1@S@Retail sales also were reported slow in most districts, particularly "for discretionary, big-ticket items such as furniture, home appliances and consumer electronics."@@@@1@22@@oe@2-2-2013
20072014@unknown@formal@none@1@S@And construction also was described as slow in most areas.@@@@1@10@@oe@2-2-2013
20072015@unknown@formal@none@1@S@Despite the economic slowdown, there are few clear signs that growth is coming to a halt.@@@@1@16@@oe@2-2-2013
20072016@unknown@formal@none@1@S@As a result, Fed officials may be divided over whether to ease credit.@@@@1@13@@oe@2-2-2013
20072017@unknown@formal@none@1@S@Several Fed governors in Washington have been pushing for easier credit; but many of the regional Fed presidents have been resisting such a move.@@@@1@24@@oe@2-2-2013
20072018@unknown@formal@none@1@S@Mr. Black said he is "pleased" with the economy's recent performance, and doesn't see "a lot of excesses out there that would tilt us into recession."@@@@1@26@@oe@2-2-2013
20072019@unknown@formal@none@1@S@"There is always a chance of recession," added Mr. Guffey, "but if you ask me to put a percentage on it, I would think it's well below a 50% chance.@@@@1@30@@oe@2-2-2013
20073001@unknown@formal@none@1@S@Integra-A Hotel & Restaurant Co. said its planned rights offering to raise about $9 million was declared effective and the company will begin mailing materials to shareholders at the end of this week.@@@@1@33@@oe@2-2-2013
20073002@unknown@formal@none@1@S@Under the offer, shareholders will receive one right for each 105 common shares owned.@@@@1@14@@oe@2-2-2013
20073003@unknown@formal@none@1@S@Each right entitles the shareholder to buy $100 face amount of 13.5% bonds due 1993 and warrants to buy 23.5 common shares at 30 cents a share.@@@@1@27@@oe@2-2-2013
20073004@unknown@formal@none@1@S@The rights, which expire Nov. 21, can be exercised for $100 each.@@@@1@12@@oe@2-2-2013
20073005@unknown@formal@none@1@S@Integra, which owns and operates hotels, said that Hallwood Group Inc. has agreed to exercise any rights that aren't exercised by other shareholders.@@@@1@23@@oe@2-2-2013
20073006@unknown@formal@none@1@S@Hallwood, a Cleveland merchant bank, owns about 11% of Integra.@@@@1@10@@oe@2-2-2013
20074001@unknown@formal@none@1@S@Copperweld Corp., a specialty steelmaker, said 445 workers at a plant in Shelby, Ohio, began a strike after the United Steelworkers Local 3057 rejected a new contract on Tuesday.@@@@1@29@@oe@2-2-2013
20074002@unknown@formal@none@1@S@The previous contract between Copperweld's Ohio Steel Tube division and the union expired at midnight Tuesday.@@@@1@16@@oe@2-2-2013
20074003@unknown@formal@none@1@S@The union vote to reject the proposed pact was 230-215.@@@@1@10@@oe@2-2-2013
20074004@unknown@formal@none@1@S@Copperweld said it doesn't expect a protracted strike.@@@@1@8@@oe@2-2-2013
20074005@unknown@formal@none@1@S@It said it has taken measures to continue shipments during the work stoppage.@@@@1@13@@oe@2-2-2013
20075001@unknown@formal@none@1@S@The Treasury said it plans to sell $30 billion in notes and bonds next week, but said the auctions will be postponed unless Congress acts quickly to lift the federal debt ceiling.@@@@1@32@@oe@2-2-2013
20075002@unknown@formal@none@1@S@Michael Basham, deputy assistant secretary for federal finance, said the Treasury may wait until late Monday or even early Tuesday to announce whether the autions are to be rescheduled.@@@@1@29@@oe@2-2-2013
20075003@unknown@formal@none@1@S@Unless it can raise money in financial markets, Mr. Basham said, the federal government won't have the cash to pay off $13.8 billion in Treasury bills that mature on Thursday.@@@@1@30@@oe@2-2-2013
20075004@unknown@formal@none@1@S@Without congressional action, the Treasury can't sell any new securities -- even savings bonds.@@@@1@14@@oe@2-2-2013
20075005@unknown@formal@none@1@S@But despite partisan bickering over the debt ceiling, which has become entangled in the fight over cutting capital-gains taxes, Congress is almost certain to act in time to avoid default.@@@@1@30@@oe@2-2-2013
20075006@unknown@formal@none@1@S@"Each day that Congress fails to act . . . will cause additional disruption in our borrowing schedule, possibly resulting in higher interest costs to the taxpayer," Treasury Secretary Nicholas Brady said in a speech prepared for delivery last night to a group of bankers.@@@@1@45@@oe@2-2-2013
20075007@unknown@formal@none@1@S@"To avoid these costs, and a possible default, immediate action is imperative."@@@@1@12@@oe@2-2-2013
20075008@unknown@formal@none@1@S@The securities to be sold next week will raise about $10 billion in cash and redeem $20 billion in maturing notes.@@@@1@21@@oe@2-2-2013
20075009@unknown@formal@none@1@S@The new securities, part of the federal government's regular quarterly refunding, will consist of:@@@@1@14@@oe@2-2-2013
20075010@unknown@formal@none@1@S@-- $10 billion of three-year notes, to be auctioned Tuesday and to mature Nov. 15, 1992.@@@@1@16@@oe@2-2-2013
20075011@unknown@formal@none@1@S@-- $10 billion of 10-year notes, to be auctioned Wednesday and to mature Nov. 15, 1999.@@@@1@16@@oe@2-2-2013
20075012@unknown@formal@none@1@S@-- $10 billion of 30-year bonds, to be auctioned Thursday and to mature Aug. 15, 2019.@@@@1@16@@oe@2-2-2013
20075013@unknown@formal@none@1@S@The Treasury also said it plans to sell $10 billion in 36-day cash management bills on Thursday.@@@@1@17@@oe@2-2-2013
20075014@unknown@formal@none@1@S@They will mature Dec. 21.@@@@1@5@@oe@2-2-2013
20075015@unknown@formal@none@1@S@None of the securities will be eligible for when-issued trading until Congress approves an increase in the debt ceiling, clearing the way for a formal offering, Mr. Basham said.@@@@1@29@@oe@2-2-2013
20075016@unknown@formal@none@1@S@The Treasury said it needs to raise $47.5 billion in the current quarter in order to end December with a $20 billion cash balance.@@@@1@24@@oe@2-2-2013
20075017@unknown@formal@none@1@S@Auctions held in October and those scheduled for next week will raise a total of $25.6 billion.@@@@1@17@@oe@2-2-2013
20075018@unknown@formal@none@1@S@The remaining $21.9 billion could be raised through the sale of short-term Treasury bills, two-year notes in November and five-year notes in early December, the Treasury said.@@@@1@27@@oe@2-2-2013
20075019@unknown@formal@none@1@S@In the first three months of 1990, the Treasury estimates that it will have to raise between $45 billion and $50 billion, assuming that it decides to aim for a $10 billion cash balance at the end of March.@@@@1@39@@oe@2-2-2013
20076001@unknown@formal@none@1@S@Lancaster Colony Corp. said it acquired Reames Foods Inc. in a cash transaction.@@@@1@13@@oe@2-2-2013
20076002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20076003@unknown@formal@none@1@S@Reames, a maker and marketer of frozen noodles and pre-cooked pasta based in Clive, Iowa, has annual sales of about $11 million, Lancaster said.@@@@1@24@@oe@2-2-2013
20077001@unknown@formal@none@1@S@Investors took advantage of Tuesday's stock rally to book some profits yesterday, leaving stocks up fractionally.@@@@1@16@@oe@2-2-2013
20077002@unknown@formal@none@1@S@Bond prices and the dollar both gained modestly.@@@@1@8@@oe@2-2-2013
20077003@unknown@formal@none@1@S@The Dow Jones Industrial Average finished less than a point higher to close at 2645.90 in moderate trading.@@@@1@18@@oe@2-2-2013
20077004@unknown@formal@none@1@S@But advancing issues on the New York Stock Exchange were tidily ahead of declining stocks, 847 to 644.@@@@1@18@@oe@2-2-2013
20077005@unknown@formal@none@1@S@Long-term bond prices rose despite prospects of a huge new supply of Treasury debt this month.@@@@1@16@@oe@2-2-2013
20077006@unknown@formal@none@1@S@Continuing demand for dollars from Japanese investors boosted the U.S. currency.@@@@1@11@@oe@2-2-2013
20077007@unknown@formal@none@1@S@Analysts were disappointed that the enthusiasm investors showed for stocks in the wake of Georgia-Pacific's $3.18 billion bid for Great Northern Nekoosa evaporated so quickly.@@@@1@25@@oe@2-2-2013
20077008@unknown@formal@none@1@S@The industrial average jumped more than 41 points Tuesday as speculators rushed to buy shares of potential takeover targets.@@@@1@19@@oe@2-2-2013
20077009@unknown@formal@none@1@S@But with the end of the year in sight, money managers are eager to take profits and cut their risks of losing what for many have been exceptionally good returns in@@@@1@31@@oe@2-2-2013
20077010@unknown@formal@none@1@S@Economic news had little effect on financial markets.@@@@1@8@@oe@2-2-2013
20077011@unknown@formal@none@1@S@As expected, a national purchasing managers' report indicated the nation's manufacturing sector continues to contract modestly.@@@@1@16@@oe@2-2-2013
20077012@unknown@formal@none@1@S@The Federal Reserve's Beige Book, a summary of economic conditions across the country, indicated that the overall economy remains in a pattern of sluggish growth.@@@@1@25@@oe@2-2-2013
20077013@unknown@formal@none@1@S@In major market activity:@@@@1@4@@oe@2-2-2013
20077014@unknown@formal@none@1@S@Stock prices rose fractionally in moderate trading.@@@@1@7@@oe@2-2-2013
20077015@unknown@formal@none@1@S@Big Board volume totaled 154.2 million shares.@@@@1@7@@oe@2-2-2013
20077016@unknown@formal@none@1@S@Bond prices were up.@@@@1@4@@oe@2-2-2013
20077017@unknown@formal@none@1@S@The Treasury's benchmark 30-year bond gained about a quarter of a point, or $2.50 for each $1,000 of face amount.@@@@1@20@@oe@2-2-2013
20077018@unknown@formal@none@1@S@The yield fell to 7.88%.@@@@1@5@@oe@2-2-2013
20077019@unknown@formal@none@1@S@The dollar rose.@@@@1@3@@oe@2-2-2013
20077020@unknown@formal@none@1@S@In late afternoon New York trading the currency was at 1.8500 marks and 143.80 yen compared with 1.8415 marks and 142.85 yen.@@@@1@22@@oe@2-2-2013
20078001@unknown@formal@none@1@S@Mitsui Mining & Smelting Co. posted a 62% rise in pretax profit to 5.276 billion yen ($36.9 million) in its fiscal first half ended Sept. 30 compared with 3.253 billion yen a year earlier.@@@@1@34@@oe@2-2-2013
20078002@unknown@formal@none@1@S@Net income more than tripled to 4.898 billion yen from 1.457 billion yen a year earlier.@@@@1@16@@oe@2-2-2013
20079001@unknown@formal@none@1@S@Eaton Corp. said it sold its Pacific Sierra Research Corp. unit to a company formed by employees of that unit.@@@@1@20@@oe@2-2-2013
20079002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20079003@unknown@formal@none@1@S@Pacific Sierra, based in Los Angeles, has about 200 employees and supplies professional services and advanced products to industry.@@@@1@19@@oe@2-2-2013
20079004@unknown@formal@none@1@S@Eaton is an automotive parts, controls and aerospace electronics concern.@@@@1@10@@oe@2-2-2013
20080001@unknown@formal@none@1@S@Investor Harold Simmons and NL Industries Inc. offered to acquire Georgia Gulf Corp. for $50 a share, or about $1.1 billion, stepping up the pressure on the commodity chemicals concern.@@@@1@30@@oe@2-2-2013
20080002@unknown@formal@none@1@S@The offer follows an earlier proposal by NL and Mr. Simmons to help Georgia Gulf restructure or go private in a transaction that would pay shareholders $55 a share.@@@@1@29@@oe@2-2-2013
20080003@unknown@formal@none@1@S@Georgia Gulf rebuffed that offer in September and said it would study other alternatives.@@@@1@14@@oe@2-2-2013
20080004@unknown@formal@none@1@S@However, it hasn't yet made any proposals to shareholders.@@@@1@9@@oe@2-2-2013
20080005@unknown@formal@none@1@S@Late yesterday, Georgia Gulf said it reviewed the NL proposal as well as interests from "third parties" regarding business combinations.@@@@1@20@@oe@2-2-2013
20080006@unknown@formal@none@1@S@Georgia Gulf said it hasn't eliminated any alternatives and that "discussions are being held with interested parties, and work is also continuing on other various transactions."@@@@1@26@@oe@2-2-2013
20080007@unknown@formal@none@1@S@It didn't elaborate.@@@@1@3@@oe@2-2-2013
20080008@unknown@formal@none@1@S@Analysts saw the latest offer as proof that Mr. Simmons, an aggressive and persistent investor, won't leave Georgia Gulf alone until some kind of transaction is completed.@@@@1@27@@oe@2-2-2013
20080009@unknown@formal@none@1@S@"He has clamped on their ankle like a pit bull," says Paul Leming, a vice president with Morgan Stanley & Co.@@@@1@21@@oe@2-2-2013
20080010@unknown@formal@none@1@S@"He appears to be in it for the long haul."@@@@1@10@@oe@2-2-2013
20080011@unknown@formal@none@1@S@Mr. Simmons and NL already own a 9.9% stake in Georgia Gulf.@@@@1@12@@oe@2-2-2013
20080012@unknown@formal@none@1@S@Mr. Simmons owns 88% of Valhi Inc., which in turn owns two-thirds of NL.@@@@1@14@@oe@2-2-2013
20080013@unknown@formal@none@1@S@NL is officially making the offer.@@@@1@6@@oe@2-2-2013
20080014@unknown@formal@none@1@S@Mr. Leming wasn't surprised by the lower price cited by NL, saying he believes that $55 a share is "the most you can pay for Georgia Gulf before it becomes a bad acquisition."@@@@1@33@@oe@2-2-2013
20080015@unknown@formal@none@1@S@Georgia Gulf stock rose $1.75 a share yesterday to close at $51.25 a share, while NL shares closed unchanged at $22.75 and Valhi rose 62.5 cents to $15, all in New York Stock Exchange composite trading.@@@@1@36@@oe@2-2-2013
20080016@unknown@formal@none@1@S@J. Landis Martin, NL president and chief executive officer, said NL and Mr. Simmons cut the price they were proposing for Georgia Gulf because they initially planned a transaction that included about $250 million in equity and a substantial amount of high-yield subordinated debt.@@@@1@44@@oe@2-2-2013
20080017@unknown@formal@none@1@S@However, the junk-bond market has collapsed in recent weeks, lessening the likelihood that such a transaction would succeed.@@@@1@18@@oe@2-2-2013
20080018@unknown@formal@none@1@S@Now, he said, the group plans to put in "several hundred million" dollars in equity and finance the remainder with bank debt.@@@@1@22@@oe@2-2-2013
20080019@unknown@formal@none@1@S@He also said that the group reduced its offer because it wasn't allowed to see Georgia Gulf's confidential financial information without agreeing that it wouldn't make an offer unless it had Georgia Gulf's consent.@@@@1@34@@oe@2-2-2013
20080020@unknown@formal@none@1@S@In a letter to Georgia Gulf President Jerry R. Satrum, Mr. Martin asked Georgia Gulf to answer its offer by Tuesday.@@@@1@21@@oe@2-2-2013
20080021@unknown@formal@none@1@S@It wasn't clear how NL and Mr. Simmons would respond if Georgia Gulf spurns them again.@@@@1@16@@oe@2-2-2013
20080022@unknown@formal@none@1@S@Mr. Martin said they haven't yet decided what their next move would be, but he didn't rule out the possibility of a consent solicitation aimed at replacing Georgia Gulf's board.@@@@1@30@@oe@2-2-2013
20080023@unknown@formal@none@1@S@In other transactions, Mr. Simmons has followed friendly offers with a hostile tender offer.@@@@1@14@@oe@2-2-2013
20080024@unknown@formal@none@1@S@Although Georgia Gulf hasn't been eager to negotiate with Mr. Simmons and NL, a specialty chemicals concern, the group apparently believes the company's management is interested in some kind of transaction.@@@@1@31@@oe@2-2-2013
20080025@unknown@formal@none@1@S@The management group owns about 18% of the stock, most purchased at nominal prices, and would stand to gain millions of dollars if the company were sold.@@@@1@27@@oe@2-2-2013
20080026@unknown@formal@none@1@S@In the third quarter, Georgia Gulf earned $46.1 million, or $1.85 a share, down from $53 million, or $1.85 a share on fewer shares outstanding.@@@@1@25@@oe@2-2-2013
20080027@unknown@formal@none@1@S@Sales fell to $251.2 million from $278.7 million.@@@@1@8@@oe@2-2-2013
20081001@unknown@formal@none@1@S@A licensing company representing the University of Pennsylvania added Johnson & Johnson to its lawsuit challenging a university faculty member over rights to Retin-A acne medicine.@@@@1@26@@oe@2-2-2013
20081002@unknown@formal@none@1@S@University Patents Inc., based in Westport, Conn., said it seeks Johnson & Johnson's profits from sales of Retin-A, estimated at $50 million, a similar amount of punitive damages and the right to license Retin-A elsewhere.@@@@1@35@@oe@2-2-2013
20081003@unknown@formal@none@1@S@In May, University Patents filed a suit in federal court in Philadelphia against Albert M. Kligman, a researcher and professor at the University of Pennsylvania School of Medicine who developed Retin-A in the 1960s to combat acne.@@@@1@37@@oe@2-2-2013
20081004@unknown@formal@none@1@S@Dr. Kligman patented the medicine while employed by the University, but later licensed the Retin-A to a division of Johnson & Johnson.@@@@1@22@@oe@2-2-2013
20081005@unknown@formal@none@1@S@In New Brunswick, N.J., a Johnson & Johnson spokesman declined comment.@@@@1@11@@oe@2-2-2013
20082001@unknown@formal@none@1@S@Criticism in the U.S. over recent Japanese acquisitions is looming ever larger in the two countries' relations.@@@@1@17@@oe@2-2-2013
20082002@unknown@formal@none@1@S@Officials from both nations say the U.S. public's skittishness about Japanese investment could color a second round of bilateral economic talks scheduled for next week in Washington.@@@@1@27@@oe@2-2-2013
20082003@unknown@formal@none@1@S@Not that Washington and Tokyo disagree on the Japanese acquisitions; indeed, each has come out in favor of unfettered investment in the U.S.@@@@1@23@@oe@2-2-2013
20082004@unknown@formal@none@1@S@Where they disagree is on the subject of U.S. direct investment in Japan.@@@@1@13@@oe@2-2-2013
20082005@unknown@formal@none@1@S@The U.S. wants the removal of what it perceives as barriers to investment; Japan denies there are real barriers.@@@@1@19@@oe@2-2-2013
20082006@unknown@formal@none@1@S@The heated talk stirred up by recent Japanese investments in the U.S. is focusing attention on the differences in investment climate, even though it's only one of many subjects to be covered in the bilateral talks, known as the Structural Impediments Initiative.@@@@1@42@@oe@2-2-2013
20082007@unknown@formal@none@1@S@The Japanese "should see this rhetoric as a signal of the need for a change in their own economy," says Charles Dallara, U.S. assistant Treasury secretary, who has been in Tokyo this week informally discussing the impending negotiations with government and business leaders.@@@@1@43@@oe@2-2-2013
20082008@unknown@formal@none@1@S@"We have a long history of maintaining an open direct-investment policy," Mr. Dallara says.@@@@1@14@@oe@2-2-2013
20082009@unknown@formal@none@1@S@"U.S. investors should have a greater opportunity at direct investment" in Japan.@@@@1@12@@oe@2-2-2013
20082010@unknown@formal@none@1@S@The Japanese fret openly about the U.S. public's rancor.@@@@1@9@@oe@2-2-2013
20082011@unknown@formal@none@1@S@One clear sign of Japan's nervousness came this week, when a spokesman for Japan's Foreign Ministry devoted nearly all of a regular, half-hour briefing for foreign journalists to the subject of recent Japanese investments in the U.S.@@@@1@37@@oe@2-2-2013
20082012@unknown@formal@none@1@S@"We believe that it is vitally important for those Japanese business interests {in the U.S.} to be more aware of the emotions and concerns of the American people," said the spokesman, Taizo Watanabe.@@@@1@33@@oe@2-2-2013
20082013@unknown@formal@none@1@S@At the same time, though, he chastised the media for paying such close attention to Japanese investment when other foreign countries, notably Britain, are acquiring more American assets.@@@@1@28@@oe@2-2-2013
20082014@unknown@formal@none@1@S@Fears that Japanese investors are buying up America have escalated sharply in the past several weeks, with Sony Corp.'s purchase of Columbia Pictures Entertainment Inc. from Coca-Cola Co. and Mitsubishi Estate Co.'s acquisition of a 51% holding in Rockefeller Group, the owner of some of midtown Manhattan's most exclusive real estate.@@@@1@51@@oe@2-2-2013
20082015@unknown@formal@none@1@S@Even before those moves added fuel, the fires of discontent had been well stoked by the highly publicized experience in Japan of one U.S. investor, T. Boone Pickens Jr.@@@@1@29@@oe@2-2-2013
20082016@unknown@formal@none@1@S@The Texas oilman has acquired a 26.2% stake valued at more than $1.2 billion in an automotive-lighting company, Koito Manufacturing Co.@@@@1@21@@oe@2-2-2013
20082017@unknown@formal@none@1@S@But he has failed to gain any influence at the company.@@@@1@11@@oe@2-2-2013
20082018@unknown@formal@none@1@S@Koito has refused to grant Mr. Pickens seats on its board, asserting he is a greenmailer trying to pressure Koito's other shareholders into buying him out at a profit.@@@@1@29@@oe@2-2-2013
20082019@unknown@formal@none@1@S@Mr. Pickens made considerable political hay with his troubles in Japan.@@@@1@11@@oe@2-2-2013
20082020@unknown@formal@none@1@S@The Senate Finance Committee, chaired by a fellow Texan, Democratic Sen. Lloyd Bentsen, last month urged U.S. Trade Representative Carla Hills to use Mr. Pickens's experience in talks with Tokyo "to highlight this problem facing Americans who seek access to the Japanese capital markets."@@@@1@44@@oe@2-2-2013
20082021@unknown@formal@none@1@S@While Mr. Dallara and Japanese officials say the question of investors' access to the U.S. and Japanese markets may get a disproportionate share of the public's attention, a number of other important economic issues will be on the table at next week's talks.@@@@1@43@@oe@2-2-2013
20082022@unknown@formal@none@1@S@Among them are differences in savings and investment rates, corporate structures and management, and government spending.@@@@1@16@@oe@2-2-2013
20082023@unknown@formal@none@1@S@Each side has a litany of recommendations for the other.@@@@1@10@@oe@2-2-2013
20082024@unknown@formal@none@1@S@The U.S. says it is anxious for results.@@@@1@8@@oe@2-2-2013
20082025@unknown@formal@none@1@S@"We feel very strongly that we really need action across the full range of issues we've identified, and we need it by next spring," Mr. Dallara says.@@@@1@27@@oe@2-2-2013
20082026@unknown@formal@none@1@S@Both sides have agreed that the talks will be most successful if negotiators start by focusing on the areas that can be most easily changed.@@@@1@25@@oe@2-2-2013
20082027@unknown@formal@none@1@S@But they haven't clarified what those might be.@@@@1@8@@oe@2-2-2013
20082028@unknown@formal@none@1@S@After the first set of meetings two months ago, some U.S. officials complained that Japan hadn't come up with specific changes it was prepared to make.@@@@1@26@@oe@2-2-2013
20082029@unknown@formal@none@1@S@The Japanese retort that the first round was too early to make concessions.@@@@1@13@@oe@2-2-2013
20082030@unknown@formal@none@1@S@"Just to say the distribution system is wrong doesn't mean anything," says a Ministry of International Trade and Industry official.@@@@1@20@@oe@2-2-2013
20082031@unknown@formal@none@1@S@"We need to clarify what exactly is wrong with it."@@@@1@10@@oe@2-2-2013
20082032@unknown@formal@none@1@S@That process of sorting out specifics is likely to take time, the Japanese say, no matter how badly the U.S. wants quick results.@@@@1@23@@oe@2-2-2013
20082033@unknown@formal@none@1@S@For instance, at the first meeting the two sides couldn't even agree on basic data used in price discussions.@@@@1@19@@oe@2-2-2013
20082034@unknown@formal@none@1@S@Since then, a team of about 15 MITI and U.S. Commerce Department officials have crossed the globe gauging consumer prices.@@@@1@20@@oe@2-2-2013
20082035@unknown@formal@none@1@S@By Monday, they hope to have a sheaf of documents both sides can trust.@@@@1@14@@oe@2-2-2013
20082036@unknown@formal@none@1@S@"Little by little, there is progress," says the MITI official.@@@@1@10@@oe@2-2-2013
20082037@unknown@formal@none@1@S@"Both sides are taking action."@@@@1@5@@oe@2-2-2013
20082038@unknown@formal@none@1@S@Elisabeth Rubinfien contributed to this article.@@@@1@6@@oe@2-2-2013
20083001@unknown@formal@none@1@S@While worry grows about big Japanese investments in the U.S., Japan's big trading companies are rapidly increasing their stake in America's smaller business.@@@@1@23@@oe@2-2-2013
20083002@unknown@formal@none@1@S@For Japan, the controversial trend improves access to American markets and technology.@@@@1@12@@oe@2-2-2013
20083003@unknown@formal@none@1@S@But for small American companies, it also provides a growing source of capital and even marketing help.@@@@1@17@@oe@2-2-2013
20083004@unknown@formal@none@1@S@Take the deal with Candela Laser Corp., a Wayland, Mass., manufacturer of high-tech medical devices, which three years ago set its sights on Japan as an export market.@@@@1@28@@oe@2-2-2013
20083005@unknown@formal@none@1@S@Partly to help clear the myriad obstacles facing any overseas company trying to penetrate Japan, tiny Candela turned to Mitsui & Co., one of Japan's largest trading companies, for investment.@@@@1@30@@oe@2-2-2013
20083006@unknown@formal@none@1@S@In a joint-venture deal, Mitsui guided Candela through Tokyo's bureaucratic maze.@@@@1@11@@oe@2-2-2013
20083007@unknown@formal@none@1@S@It eventually secured Ministry of Health import approval for two Candela laser products -- one that breaks up kidney stones and another that treats skin lesions.@@@@1@26@@oe@2-2-2013
20083008@unknown@formal@none@1@S@At last count, Candela had sold $4 million of its medical devices in Japan.@@@@1@14@@oe@2-2-2013
20083009@unknown@formal@none@1@S@The deal also gave Mitsui access to a high-tech medical product.@@@@1@11@@oe@2-2-2013
20083010@unknown@formal@none@1@S@"They view this as a growth area so they went about it with a systematic approach," says Richard Olsen, a Candela vice president.@@@@1@23@@oe@2-2-2013
20083011@unknown@formal@none@1@S@Indeed, for many Japanese trading companies, the favorite U.S. small business is one whose research and development can be milked for future Japanese use.@@@@1@24@@oe@2-2-2013
20083012@unknown@formal@none@1@S@The Japanese companies bankroll many small U.S. companies with promising products or ideas, frequently putting their money behind projects that commercial banks won't touch.@@@@1@24@@oe@2-2-2013
20083013@unknown@formal@none@1@S@Japanese companies have financed small and medium-sized U.S. firms for years, but in recent months, the pace has taken off.@@@@1@20@@oe@2-2-2013
20083014@unknown@formal@none@1@S@In the first half of 1989 alone, Japanese corporations invested $214 million in minority positions in U.S. companies, a 61% rise from the figure for all of 1987, reports Venture Economics Inc.@@@@1@32@@oe@2-2-2013
20083015@unknown@formal@none@1@S@The Needham, Mass., concern tracks investments in new businesses.@@@@1@9@@oe@2-2-2013
20083016@unknown@formal@none@1@S@In addition, of course, some of the Japanese investments involved outright purchase of small U.S. firms.@@@@1@16@@oe@2-2-2013
20083017@unknown@formal@none@1@S@Heightened Japanese interest in American small business parallels an acceleration of investments giving Japanese companies control of large, highly visible U.S. corporations, such as Columbia Pictures Entertainment Inc.@@@@1@28@@oe@2-2-2013
20083018@unknown@formal@none@1@S@Only this week, it was announced that Mitsubishi Estate Co. had acquired a 51% stake in Rockefeller Group, which owns New York's prestigious Rockefeller Center.@@@@1@25@@oe@2-2-2013
20083019@unknown@formal@none@1@S@While the small deals are far less conspicuous, they add to Japanese penetration of the U.S. market.@@@@1@17@@oe@2-2-2013
20083020@unknown@formal@none@1@S@As the deals also improve Japanese access to American technology and market knowledge, they feed American anxieties in this area, too.@@@@1@21@@oe@2-2-2013
20083021@unknown@formal@none@1@S@Even a low-tech product like plate glass can catch a trading company's fancy if there's a strategic fit.@@@@1@18@@oe@2-2-2013
20083022@unknown@formal@none@1@S@Free State Glass Industries of Warrenton, Va., a small fabricator of architectural glass, was foundering under its original management.@@@@1@19@@oe@2-2-2013
20083023@unknown@formal@none@1@S@Last year, Mitsubishi International Corp., the New York-based arm of Mitsubishi Corp., bought controlling interest in the glass company in a joint venture with Ronald Bodner, a glass industry executive and Mitsubishi consultant.@@@@1@33@@oe@2-2-2013
20083024@unknown@formal@none@1@S@The deal is chiefly designed to give Mitsubishi a window on the U.S. glass industry, says Ichiro Wakui, an executive in Mitsubishi's general merchandise department in New York.@@@@1@28@@oe@2-2-2013
20083025@unknown@formal@none@1@S@"It's not just a simple investment in a small company," Mr. Wakui says.@@@@1@13@@oe@2-2-2013
20083026@unknown@formal@none@1@S@"We want to see the glass market from the inside, not the outside."@@@@1@13@@oe@2-2-2013
20083027@unknown@formal@none@1@S@Mitsubishi's investment in Free State is "very small . . . less than $4 million," Mr. Wakui says.@@@@1@18@@oe@2-2-2013
20083028@unknown@formal@none@1@S@Mr. Bodner declines to comment on the arrangement.@@@@1@8@@oe@2-2-2013
20083029@unknown@formal@none@1@S@Trading companies such as Mitsubishi, Mitsui, C. Itoh & Co. and Nissho-Iwai Corp., which make many of the Japanese investments in small U.S. concerns, have no U.S. counterpart.@@@@1@28@@oe@2-2-2013
20083030@unknown@formal@none@1@S@These vertically integrated combines, some of which got their start in Japan's feudal period, deal globally in commodities, construction and manufacturing.@@@@1@21@@oe@2-2-2013
20083031@unknown@formal@none@1@S@They operate ships and banks.@@@@1@5@@oe@2-2-2013
20083032@unknown@formal@none@1@S@"All the "sogo-shosha" are looking for new business," says Arthur Klauser, adviser to the president of Mitsui, U.S.A., using the Japanese term for the largest of the global trading houses.@@@@1@30@@oe@2-2-2013
20083033@unknown@formal@none@1@S@Adds Takeshi Kondo, senior vice president of C. Itoh America Inc.: "We have a great interest in making investments, particularly in new ventures."@@@@1@23@@oe@2-2-2013
20083034@unknown@formal@none@1@S@A host of electronics firms in California's Silicon Valley were financed with trading-company venture capital.@@@@1@15@@oe@2-2-2013
20083035@unknown@formal@none@1@S@Profit, at least in the short term, is usually a secondary goal.@@@@1@12@@oe@2-2-2013
20083036@unknown@formal@none@1@S@"Strategic objectives, not financial return, drive many of the deals," says a Venture Economics spokesman.@@@@1@15@@oe@2-2-2013
20083037@unknown@formal@none@1@S@In investing on the basis of future transactions, a role often performed by merchant banks, trading companies can cut through the logjam that small-company owners often face with their local commercial banks.@@@@1@32@@oe@2-2-2013
20083038@unknown@formal@none@1@S@"It's the classic problem of the small businessman," says Malcolm Davies, managing director of Trading Alliance Corp. of New York.@@@@1@20@@oe@2-2-2013
20083039@unknown@formal@none@1@S@"People are queuing at the door to take his product but he doesn't have the working capital to make the thing and commercial banks are very unsympathetic.@@@@1@27@@oe@2-2-2013
20083040@unknown@formal@none@1@S@They want assets, they want a balance sheet, which has no relation to the business a company can generate."@@@@1@19@@oe@2-2-2013
20083041@unknown@formal@none@1@S@Adds Mitsui's Mr. Klauser: "Unlike corporations in this country, trading companies aren't so much interested in a high return on investment as they are on increasing trade flows.@@@@1@28@@oe@2-2-2013
20083042@unknown@formal@none@1@S@To the extent they can do this, they're quite content to get a return on investment of 1% to 2%."@@@@1@20@@oe@2-2-2013
20083043@unknown@formal@none@1@S@Mr. Klauser says Mitsui has 75 U.S. subsidiaries in which it holds 35% interest or more and the trading company hopes to double the number of its U.S. affiliates in 1990.@@@@1@31@@oe@2-2-2013
20083044@unknown@formal@none@1@S@Sales by these subsidiaries in the fiscal year ending last March were more than $17 billion.@@@@1@16@@oe@2-2-2013
20083045@unknown@formal@none@1@S@A 1% to 2% return on $17 billion "ain't hay," Mr. Klauser says.@@@@1@13@@oe@2-2-2013
20084001@unknown@formal@none@1@S@Hudson General Corp.'s president and chief executive officer, Alan J. Stearn, resigned.@@@@1@12@@oe@2-2-2013
20084002@unknown@formal@none@1@S@Mr. Stearn, 46 years old, couldn't be reached for comment.@@@@1@10@@oe@2-2-2013
20084003@unknown@formal@none@1@S@A company spokesman declined to elaborate on the departure.@@@@1@9@@oe@2-2-2013
20084004@unknown@formal@none@1@S@Hudson General, which provides maintenance, fueling and other services to airlines and airports, reported a loss for its most recent fiscal year and last month omitted the semiannual dividend on its common shares.@@@@1@33@@oe@2-2-2013
20084005@unknown@formal@none@1@S@Mr. Stearn, who had been with the company more than 20 years and had been president since 1984, will act as a consultant to Hudson General.@@@@1@26@@oe@2-2-2013
20084006@unknown@formal@none@1@S@His duties as chief executive will be assumed by Chairman Jay B. Langner.@@@@1@13@@oe@2-2-2013
20085001@unknown@formal@none@1@S@For 10 years, Genie Driskill went to her neighborhood bank because it was convenient.@@@@1@14@@oe@2-2-2013
20085002@unknown@formal@none@1@S@A high-balance customer that banks pine for, she didn't give much thought to the rates she was receiving, nor to the fees she was paying.@@@@1@25@@oe@2-2-2013
20085003@unknown@formal@none@1@S@But in August, First Atlanta National Bank introduced its Crown Account, a package designed to lure customers such as Ms. Driskill.@@@@1@21@@oe@2-2-2013
20085004@unknown@formal@none@1@S@Among other things, it included checking, safe deposit box and credit card -- all for free -- plus a good deal on installment loans.@@@@1@24@@oe@2-2-2013
20085005@unknown@formal@none@1@S@All she had to do was put $15,000 in a certificate of deposit, or qualify for a $10,000 personal line of credit.@@@@1@22@@oe@2-2-2013
20085006@unknown@formal@none@1@S@"I deserve something for my loyalty," she says.@@@@1@8@@oe@2-2-2013
20085007@unknown@formal@none@1@S@She took her business to First Atlanta.@@@@1@7@@oe@2-2-2013
20085008@unknown@formal@none@1@S@So it goes in the competitive world of consumer banking these days.@@@@1@12@@oe@2-2-2013
20085009@unknown@formal@none@1@S@For nearly a decade, banks have competed for customers primarily with the interest rates they pay on their deposits and charge on their loans.@@@@1@24@@oe@2-2-2013
20085010@unknown@formal@none@1@S@The competitive rates were generally offset by hefty fees on various services.@@@@1@12@@oe@2-2-2013
20085011@unknown@formal@none@1@S@But many banks are turning away from strict price competition.@@@@1@10@@oe@2-2-2013
20085012@unknown@formal@none@1@S@Instead, they are trying to build customer loyalty by bundling their services into packages and targeting them to small segments of the population.@@@@1@23@@oe@2-2-2013
20085013@unknown@formal@none@1@S@"You're dead in the water if you aren't segmenting the market," says Anne Moore, president of Synergistics Research Corp., a bank consulting firm in Atlanta.@@@@1@25@@oe@2-2-2013
20085014@unknown@formal@none@1@S@NCNB Corp. of Charlotte, N.C., recently introduced its Financial Connections Program aimed at young adults just starting careers.@@@@1@18@@oe@2-2-2013
20085015@unknown@formal@none@1@S@The program not only offers a pre-approved car loan up to $18,000, but throws in a special cash-flow statement to help in saving money.@@@@1@24@@oe@2-2-2013
20085016@unknown@formal@none@1@S@In September, Union Planters Corp. of Memphis, Tenn., launched The Edge account, a package designed for the "thirtysomething" crowd with services that include a credit card and line of credit with no annual fees, and a full percentage point off on installment loans.@@@@1@43@@oe@2-2-2013
20085017@unknown@formal@none@1@S@The theory: Such individuals, many with young children, are in their prime borrowing years -- and, having borrowed from the bank, they may continue to use it for other services in later years.@@@@1@33@@oe@2-2-2013
20085018@unknown@formal@none@1@S@For some time, banks have been aiming packages at the elderly, the demographic segment with the highest savings.@@@@1@18@@oe@2-2-2013
20085019@unknown@formal@none@1@S@Those efforts are being stepped up.@@@@1@6@@oe@2-2-2013
20085020@unknown@formal@none@1@S@Judie MacDonald, vice president of retail sales at Barnett Banks Inc. of Jacksonville, Fla., says the company now targets sub-segments within the market by tailoring its popular Seniors Partners Program to various life styles.@@@@1@34@@oe@2-2-2013
20085021@unknown@formal@none@1@S@"Varying age, geography and life-style differences create numerous sub-markets," Ms. MacDonald says.@@@@1@12@@oe@2-2-2013
20085022@unknown@formal@none@1@S@She says individual Barnett branches can add different benefits to their Seniors Partners package -- such as athletic activities or travel clubs -- to appeal to local market interests.@@@@1@29@@oe@2-2-2013
20085023@unknown@formal@none@1@S@"An active 55-year-old in Boca Raton may care more about Senior Olympic games, while a 75-year-old in Panama City may care more about a seminar on health," she says.@@@@1@29@@oe@2-2-2013
20085024@unknown@formal@none@1@S@Banks have tried packaging before.@@@@1@5@@oe@2-2-2013
20085025@unknown@formal@none@1@S@In 1973, Wells Fargo & Co. of San Francisco launched the Gold Account, which included free checking, a credit card, safe-deposit box and travelers checks for a $3 monthly fee.@@@@1@30@@oe@2-2-2013
20085026@unknown@formal@none@1@S@The concept begot a slew of copycats, but the banks stopped promoting the packages.@@@@1@14@@oe@2-2-2013
20085027@unknown@formal@none@1@S@One big reason: thin margins.@@@@1@5@@oe@2-2-2013
20085028@unknown@formal@none@1@S@Many banks, particularly smaller ones, were slow to computerize and couldn't target market niches that would have made the programs more profitable.@@@@1@22@@oe@2-2-2013
20085029@unknown@formal@none@1@S@As banks' earnings were squeezed in the mid-1970s, the emphasis switched to finding ways to cut costs.@@@@1@17@@oe@2-2-2013
20085030@unknown@formal@none@1@S@But now computers are enabling more banks to analyze their customers by age, income and geography.@@@@1@16@@oe@2-2-2013
20085031@unknown@formal@none@1@S@They are better able to get to those segments in the wake of the deregulation that began in the late 1970s.@@@@1@21@@oe@2-2-2013
20085032@unknown@formal@none@1@S@Deregulation has effectively removed all restrictions on what banks can pay for deposits, as well as opened up the field for new products such as high-rate CDs.@@@@1@27@@oe@2-2-2013
20085033@unknown@formal@none@1@S@Where a bank once offered a standard passbook savings account, it began offering money-market accounts, certificates of deposit and interest-bearing checking, and staggering rates based on the size of deposits.@@@@1@30@@oe@2-2-2013
20085034@unknown@formal@none@1@S@The competition has grown more intense as bigger banks such as Norwest Corp. of Minneapolis and Chemical Banking Corp. of New York extend their market-share battles into small towns across the nation.@@@@1@32@@oe@2-2-2013
20085035@unknown@formal@none@1@S@"Today, a banker is worrying about local, regional and money-center {banks}, as well as thrifts and credit unions," says Ms. Moore at Synergistics Research.@@@@1@24@@oe@2-2-2013
20085036@unknown@formal@none@1@S@"So people who weren't even thinking about targeting 10 years ago are scrambling to define their customer base."@@@@1@18@@oe@2-2-2013
20085037@unknown@formal@none@1@S@The competition has cultivated a much savvier consumer.@@@@1@8@@oe@2-2-2013
20085038@unknown@formal@none@1@S@"The average household will spread 19 accounts over a dozen financial institutions," says Michael P. Sullivan, who runs his own bank consulting firm in Charlotte, N.C.@@@@1@26@@oe@2-2-2013
20085039@unknown@formal@none@1@S@"This much fragmentation makes attracting and keeping today's rate-sensitive customers costly."@@@@1@11@@oe@2-2-2013
20085040@unknown@formal@none@1@S@Packages encourage loyalty by rewarding customers for doing the bulk of their banking in one place.@@@@1@16@@oe@2-2-2013
20085041@unknown@formal@none@1@S@For their troubles, the banks get a larger captive audience that is less likely to move at the drop of a rate.@@@@1@22@@oe@2-2-2013
20085042@unknown@formal@none@1@S@The more accounts customers have, Mr. Sullivan says, the more likely they are to be attracted to a package -- and to be loyal to the bank that offers it.@@@@1@30@@oe@2-2-2013
20085043@unknown@formal@none@1@S@That can pay off down the road as customers, especially the younger ones, change from borrowers to savers/investors.@@@@1@18@@oe@2-2-2013
20085044@unknown@formal@none@1@S@Packaging has some drawbacks.@@@@1@4@@oe@2-2-2013
20085045@unknown@formal@none@1@S@The additional technology, personnel training and promotional effort can be expensive.@@@@1@11@@oe@2-2-2013
20085046@unknown@formal@none@1@S@Chemical Bank spent more than $50 million to introduce its ChemPlus line, several packages aimed at different segments, in 1986, according to Thomas Jacob, senior vice president of marketing.@@@@1@29@@oe@2-2-2013
20085047@unknown@formal@none@1@S@"It's not easy to roll out something that comprehensive, and make it pay," Mr. Jacob says.@@@@1@16@@oe@2-2-2013
20085048@unknown@formal@none@1@S@Still, bankers expect packaging to flourish, primarily because more customers are demanding that financial services be tailored to their needs.@@@@1@20@@oe@2-2-2013
20085049@unknown@formal@none@1@S@"These days, banking customers walk in the door expecting you to have a package especially for them," Ms. Moore says.@@@@1@20@@oe@2-2-2013
20085050@unknown@formal@none@1@S@Some banks are already moving in that direction, according to Alvin T. Sale, marketing director at First Union Corp. in Charlotte.@@@@1@21@@oe@2-2-2013
20085051@unknown@formal@none@1@S@First Union, he says, now has packages for seven customer groups.@@@@1@11@@oe@2-2-2013
20085052@unknown@formal@none@1@S@Soon, it will split those into 30.@@@@1@7@@oe@2-2-2013
20085053@unknown@formal@none@1@S@Says Mr. Sale: "I think more banks are starting to realize that we have to be more like the department store, not the boutique."@@@@1@24@@oe@2-2-2013
20085054@unknown@formal@none@1@S@IRAs.@@@@1@1@@oe@2-2-2013
20086001@unknown@formal@none@1@S@SHAREDATA Inc. said it will amend a registration statement filed with the Securities and Exchange Commission to delete a plan to sell 500,000 newly issued common shares.@@@@1@27@@oe@2-2-2013
20086002@unknown@formal@none@1@S@The Chandler, Ariz., company said it will resubmit the registration to cover only the 2.3 million warrants, each exercisable for the purchase of one common share.@@@@1@26@@oe@2-2-2013
20086003@unknown@formal@none@1@S@Currently, ShareData has about 4.1 million common shares outstanding.@@@@1@9@@oe@2-2-2013
20086004@unknown@formal@none@1@S@ShareData develops and markets low-cost software, peripheral equipment and accessories for computers.@@@@1@12@@oe@2-2-2013
20087001@unknown@formal@none@1@S@Five things you can do for $15,000 or less:@@@@1@9@@oe@2-2-2013
20087002@unknown@formal@none@1@S@1. Buy a new Chevrolet.@@@@1@5@@oe@2-2-2013
20087003@unknown@formal@none@1@S@2. Take a Hawaiian vacation.@@@@1@5@@oe@2-2-2013
20087004@unknown@formal@none@1@S@3. Send your child to a university.@@@@1@7@@oe@2-2-2013
20087005@unknown@formal@none@1@S@4. Buy a diamond necklace.@@@@1@5@@oe@2-2-2013
20087006@unknown@formal@none@1@S@5. Make a lasting difference in the regulatory life of an American savings-and-loan association through the Foster Corporate Parents Plan.@@@@1@20@@oe@2-2-2013
20087007@unknown@formal@none@1@S@Americans today spend $15,000 like pocket change -- they don't think much about it.@@@@1@14@@oe@2-2-2013
20087008@unknown@formal@none@1@S@But for an ailing savings-and-loan association -- teetering on insolvency -- it can lead to safety from imminent demise and to a future full of promise.@@@@1@26@@oe@2-2-2013
20087009@unknown@formal@none@1@S@Your $15,000 will help keep a needy savings and loan solvent -- and out of the federal budget deficit.@@@@1@19@@oe@2-2-2013
20087010@unknown@formal@none@1@S@As a Foster Corporate Parent, you'll be helping a neighborhood S&L in areas crucial to its survival.@@@@1@17@@oe@2-2-2013
20087011@unknown@formal@none@1@S@Like healthy regulatory capital.@@@@1@4@@oe@2-2-2013
20087012@unknown@formal@none@1@S@A steady deposit base.@@@@1@4@@oe@2-2-2013
20087013@unknown@formal@none@1@S@Performing loans.@@@@1@2@@oe@2-2-2013
20087014@unknown@formal@none@1@S@At the same time, you'll give your Foster Savings Institution the gift of hope and freedom from the federal regulators who want to close its doors -- for good.@@@@1@29@@oe@2-2-2013
20087015@unknown@formal@none@1@S@As a Foster Corporate Parent, you will experience the same joy felt by Robert Bass, Lewis Ranieri, William Simon and others, who find ways to help troubled savings institutions and their employees help themselves.@@@@1@34@@oe@2-2-2013
20087016@unknown@formal@none@1@S@That builds confidence, self sufficiency, not to mention critical regulatory net worth.@@@@1@12@@oe@2-2-2013
20087017@unknown@formal@none@1@S@Don't wait -- a savings institution needs your help now!@@@@1@10@@oe@2-2-2013
20087018@unknown@formal@none@1@S@Every day you delay, a savings institution's health -- and the federal budget deficit -- grows worse.@@@@1@17@@oe@2-2-2013
20087019@unknown@formal@none@1@S@Think about the good you can do for just $15,000 a month, about the cost of a mid-size Chevrolet or two semesters at a state university.@@@@1@26@@oe@2-2-2013
20087020@unknown@formal@none@1@S@Then send your support to a savings institution that has taken a bad rap in the press and on its bottom line.@@@@1@22@@oe@2-2-2013
20087021@unknown@formal@none@1@S@Every $15,000 you send will go a long way to boost sagging net worth and employee morale -- and keep your Foster Savings Institution off the federal budget deficit!@@@@1@29@@oe@2-2-2013
20087022@unknown@formal@none@1@S@Mr. Baris is a lawyer in New York.@@@@1@8@@oe@2-2-2013
20088001@unknown@formal@none@1@S@The Chicago Mercantile Exchange said it plans to institute an additional "circuit breaker" aimed at stemming market slides.@@@@1@18@@oe@2-2-2013
20088002@unknown@formal@none@1@S@Separately, John Phelan told a closed House subcommittee meeting in Washington that he would support Securities and Exchange Commission halts of program trading during market emergencies.@@@@1@26@@oe@2-2-2013
20088003@unknown@formal@none@1@S@But the New York Stock Exchange chairman said he doesn't support reinstating a "collar" on program trading, arguing that firms could get around such a limit.@@@@1@26@@oe@2-2-2013
20088004@unknown@formal@none@1@S@The Chicago Merc said a new one-hour price limit would take effect in its Standard & Poor's 500 stock-index futures pit once S&P 500 futures fell 20 index points -- the equivalent of about a 150-point drop in the Dow Jones Industrial Average.@@@@1@43@@oe@2-2-2013
20088005@unknown@formal@none@1@S@If the 20-point limit is triggered after 1:30 p.m. Chicago time, it would remain in effect until the normal close of trading at 3:15 p.m.@@@@1@25@@oe@2-2-2013
20088006@unknown@formal@none@1@S@With the limit in effect, members would be able to execute trades at the limit price or at higher prices, but not below it.@@@@1@24@@oe@2-2-2013
20088007@unknown@formal@none@1@S@The exchange said it decided a new circuit breaker was needed following a review of the tumultuous trading in stocks and stock-index futures on Friday Oct. 13, when the Dow Jones industrials plunged 190 points and stock-index futures prices skidded as well.@@@@1@42@@oe@2-2-2013
20088008@unknown@formal@none@1@S@Late that afternoon the S&P 500 stock-index futures contract fell a total of 30 index points, hitting a Merc circuit breaker limit that remained in effect for the rest of the trading session.@@@@1@33@@oe@2-2-2013
20088009@unknown@formal@none@1@S@The Merc said that its existing 30-minute, 12-point limit on S&P 500 stock-index futures trading (equal to about 100 points on the Dow Jones industrials), which was triggered Oct. 13, will remain in effect.@@@@1@34@@oe@2-2-2013
20088010@unknown@formal@none@1@S@Leo Melamed, Merc executive committee chairman, said that the 12-point limit appeared to lessen the selling panic Oct. 13.@@@@1@19@@oe@2-2-2013
20088011@unknown@formal@none@1@S@But when the contract reopened, the subsequent flood of sell orders that quickly knocked the contract down to the 30-point limit indicated that the intermediate limit of 20 points was needed to help keep stock and stock-index futures prices synchronized.@@@@1@40@@oe@2-2-2013
20088012@unknown@formal@none@1@S@Several traders maintained that the Merc's 12-point circuit-breaker aggravated the market slide Oct. 13 by directing additional selling pressure to the floor of the New York Stock Exchange.@@@@1@28@@oe@2-2-2013
20088013@unknown@formal@none@1@S@All of the changes require regulatory approval, which is expected shortly.@@@@1@11@@oe@2-2-2013
20088014@unknown@formal@none@1@S@The exchange also said that the 30-point circuit breaker, which currently provides only a one-hour respite during market sell-offs, will become the maximum one-day limit for the S&P 500 stock-index futures contract; the one-day limit now is 50 index points.@@@@1@40@@oe@2-2-2013
20088015@unknown@formal@none@1@S@A final modification was made to the five-point opening limit for the contract.@@@@1@13@@oe@2-2-2013
20088016@unknown@formal@none@1@S@The Merc said that five-point limit will remain in effect for the first 10 minutes of trading.@@@@1@17@@oe@2-2-2013
20088017@unknown@formal@none@1@S@The limit lapses under current exchange rules if contracts trade above the limit price during the opening 10 minutes of trading.@@@@1@21@@oe@2-2-2013
20088018@unknown@formal@none@1@S@In Washington, House aides said Mr. Phelan told congressmen that the collar, which banned program trades through the Big Board's computer when the Dow Jones Industrial Average moved 50 points, didn't work well.@@@@1@33@@oe@2-2-2013
20088019@unknown@formal@none@1@S@He said that firms could get around the collar by executing trades manually.@@@@1@13@@oe@2-2-2013
20088020@unknown@formal@none@1@S@In a post-hearing news conference, Mr. Phelan, who has publicly expressed concern about market volatility, said he told the House finance and telecommunications subcommittee that he would support the program-trading halt proposal "providing the SEC would be comfortable with the language" in a bill.@@@@1@44@@oe@2-2-2013
20088021@unknown@formal@none@1@S@The program-trading issue is heating up on Capitol Hill as it is on Wall Street, and several legislators want to grant the SEC the power to shut off the programs when trading becomes too volatile.@@@@1@35@@oe@2-2-2013
20088022@unknown@formal@none@1@S@SEC Chairman Richard Breeden has said he would be willing to consider circuit breakers that have preset trigger points, but he doesn't want discretionary power to stop programs.@@@@1@28@@oe@2-2-2013
20088023@unknown@formal@none@1@S@A House aide suggested that Mr. Phelan was so "vague and mushy" that it was the kind of meeting where people of all viewpoints could "come out feeling good."@@@@1@29@@oe@2-2-2013
20088024@unknown@formal@none@1@S@At one point, Mr. Phelan angered the subcommittee's chairman, Rep. Edward Markey (D., Mass.), by not going much beyond what already had been reported in the morning newspapers.@@@@1@28@@oe@2-2-2013
20088025@unknown@formal@none@1@S@"Markey said we could have done this in public" because so little sensitive information was disclosed, the aide said.@@@@1@19@@oe@2-2-2013
20088026@unknown@formal@none@1@S@Mr. Phelan then responded that he would have been happy just writing a report to the panel, the aide added.@@@@1@20@@oe@2-2-2013
20088027@unknown@formal@none@1@S@At another point during the hearing, Rep. Markey asked Mr. Phelan what would be discussed at a New York exchange board meeting today.@@@@1@23@@oe@2-2-2013
20088028@unknown@formal@none@1@S@Mr. Phelan said the Big Board is likely to study the program-trading issue.@@@@1@13@@oe@2-2-2013
20088029@unknown@formal@none@1@S@That response annoyed Rep. Markey, House aides said, and the congressman snapped back that there had been enough studies of the issue and that it was time for action on the matter.@@@@1@32@@oe@2-2-2013
20088030@unknown@formal@none@1@S@Fifteen of the 26 subcommittee members attended the hearing, most notably Rep. John Dingell (D., Mich.), the full House Energy and Commerce Committee chairman, who has been willing to let Mr. Markey carry the legislation in recent months.@@@@1@38@@oe@2-2-2013
20088031@unknown@formal@none@1@S@Mr. Dingell expressed concern, sources said, about jurisdictional problems in regulating program trading, which uses futures to offset stock trades.@@@@1@20@@oe@2-2-2013
20088032@unknown@formal@none@1@S@The futures industry is regulated by the Commodity Futures Trading Commission, which reports to the Agriculture committees in both houses.@@@@1@20@@oe@2-2-2013
20089001@unknown@formal@none@1@S@The art of change-ringing is peculiar to the English, and, like most English peculiarities, unintelligible to the rest of the world.@@@@1@21@@oe@2-2-2013
20089002@unknown@formal@none@1@S@-- Dorothy L. Sayers, "The Nine Tailors"@@@@1@7@@oe@2-2-2013
20089003@unknown@formal@none@1@S@ASLACTON, England@@@@1@2@@oe@2-2-2013
20089004@unknown@formal@none@1@S@-- Of all scenes that evoke rural England, this is one of the loveliest: An ancient stone church stands amid the fields, the sound of bells cascading from its tower, calling the faithful to evensong.@@@@1@35@@oe@2-2-2013
20089005@unknown@formal@none@1@S@The parishioners of St. Michael and All Angels stop to chat at the church door, as members here always have.@@@@1@20@@oe@2-2-2013
20089006@unknown@formal@none@1@S@In the tower, five men and women pull rhythmically on ropes attached to the same five bells that first sounded here in 1614.@@@@1@23@@oe@2-2-2013
20089007@unknown@formal@none@1@S@But there is also a discordant, modern note in Aslacton, though it can't be heard by the church-goers enjoying the peal of bells this cool autumn evening.@@@@1@27@@oe@2-2-2013
20089008@unknown@formal@none@1@S@Like most of the other 6,000 churches in Britain with sets of bells, St. Michael once had its own "band" of ringers, who would herald every Sunday morning and evening service.@@@@1@31@@oe@2-2-2013
20089009@unknown@formal@none@1@S@Now, only one local ringer remains: 64-year-old Derek Hammond.@@@@1@9@@oe@2-2-2013
20089010@unknown@formal@none@1@S@The others here today live elsewhere.@@@@1@6@@oe@2-2-2013
20089011@unknown@formal@none@1@S@They belong to a group of 15 ringers -- including two octogenarians and four youngsters in training -- who drive every Sunday from church to church in a sometimes-exhausting effort to keep the bells sounding in the many belfries of East Anglia.@@@@1@42@@oe@2-2-2013
20089012@unknown@formal@none@1@S@"To ring for even one service at this tower, we have to scrape," says Mr. Hammond, a retired water-authority worker.@@@@1@20@@oe@2-2-2013
20089013@unknown@formal@none@1@S@"We've tried to train the youngsters, but they have their discos and their dances, and they just drift away."@@@@1@19@@oe@2-2-2013
20089014@unknown@formal@none@1@S@Mr. Hammond worries that old age and the flightiness of youth will diminish the ranks of the East Anglian group that keeps the Aslacton bells pealing.@@@@1@26@@oe@2-2-2013
20089015@unknown@formal@none@1@S@History, after all, is not on his side.@@@@1@8@@oe@2-2-2013
20089016@unknown@formal@none@1@S@According to a nationwide survey taken a year ago, nearly a third of England's church bells are no longer rung on Sundays because there is no one to ring them.@@@@1@30@@oe@2-2-2013
20089017@unknown@formal@none@1@S@It is easy to see why the ancient art is on the ropes.@@@@1@13@@oe@2-2-2013
20089018@unknown@formal@none@1@S@The less complicated version of playing tunes on bells, as do the carillons of continental Europe, is considered by the English to be childish, fit only for foreigners.@@@@1@28@@oe@2-2-2013
20089019@unknown@formal@none@1@S@Change-ringing, a mind-boggling exercise the English invented 380 years ago, requires physical dexterity -- some bells weigh more than a ton -- combined with intense mental concentration.@@@@1@27@@oe@2-2-2013
20089020@unknown@formal@none@1@S@Proper English bells are started off in "rounds," from the highest-pitched bell to the lowest -- a simple descending scale using, in larger churches, as many as 12 bells.@@@@1@29@@oe@2-2-2013
20089021@unknown@formal@none@1@S@Then, at a signal, the ringers begin varying the order in which the bells sound without altering the steady rhythm of the striking.@@@@1@23@@oe@2-2-2013
20089022@unknown@formal@none@1@S@Each variation, or change, can occur only once, the rules state.@@@@1@11@@oe@2-2-2013
20089023@unknown@formal@none@1@S@Ringers memorize patterns of changes, known as "methods," which have odd-sounding names like Kent Treble Bob Major or Grandsire Caters.@@@@1@20@@oe@2-2-2013
20089024@unknown@formal@none@1@S@A series of 5,000 or so changes is a "peal" and takes about three hours.@@@@1@15@@oe@2-2-2013
20089025@unknown@formal@none@1@S@A look at a Thursday night practice at St. Mary Abbot church in the Kensington district of London gives an idea of the work involved.@@@@1@25@@oe@2-2-2013
20089026@unknown@formal@none@1@S@Ten shirt-sleeved ringers stand in a circle, one foot ahead of the other in a prize-fighter's stance, each pulling a rope that disappears through a small hole in the high ceiling of the ringing chamber.@@@@1@35@@oe@2-2-2013
20089027@unknown@formal@none@1@S@No one speaks, and the snaking of the ropes seems to make as much sound as the bells themselves, muffled by the ceiling.@@@@1@23@@oe@2-2-2013
20089028@unknown@formal@none@1@S@Totally absorbed, the ringers stare straight ahead, using peripheral vision (they call it "rope-sight") to watch the other ropes and thus time their pulls.@@@@1@24@@oe@2-2-2013
20089029@unknown@formal@none@1@S@Far above in the belfry, the huge bronze bells, mounted on wheels, swing madly through a full 360 degrees, starting and ending, surprisingly, in the inverted, or mouth-up position.@@@@1@29@@oe@2-2-2013
20089030@unknown@formal@none@1@S@Skilled ringers use their wrists to advance or retard the next swing, so that one bell can swap places with another in the following change.@@@@1@25@@oe@2-2-2013
20089031@unknown@formal@none@1@S@In a well-known detective-story involving church bells, English novelist Dorothy L. Sayers described ringing as a "passion {that} finds its satisfaction in mathematical completeness and mechanical perfection."@@@@1@27@@oe@2-2-2013
20089032@unknown@formal@none@1@S@Ringers, she added, are "filled with the solemn intoxication that comes of intricate ritual faultlessly performed."@@@@1@16@@oe@2-2-2013
20089033@unknown@formal@none@1@S@"Ringing does become a bit of an obsession," admits Stephanie Pattenden, master of the band at St. Mary Abbot and one of England's best female ringers.@@@@1@26@@oe@2-2-2013
20089034@unknown@formal@none@1@S@It is a passion that usually stays in the tower, however.@@@@1@11@@oe@2-2-2013
20089035@unknown@formal@none@1@S@More often than not, ringers think of the church as something stuck on the bottom of the belfry.@@@@1@18@@oe@2-2-2013
20089036@unknown@formal@none@1@S@When their changes are completed, and after they have worked up a sweat, ringers often skip off to the local pub, leaving worship for others below.@@@@1@26@@oe@2-2-2013
20089037@unknown@formal@none@1@S@This does not sit well with some clerics.@@@@1@8@@oe@2-2-2013
20089038@unknown@formal@none@1@S@With membership of the Church of England steadily dwindling, strong-willed vicars are pressing equally strong-willed and often non-religious ringers to attend services.@@@@1@22@@oe@2-2-2013
20089039@unknown@formal@none@1@S@Two years ago, the Rev. Jeremy Hummerstone, vicar of Great Torrington, Devon, got so fed up with ringers who didn't attend service he sacked the entire band; the ringers promptly set up a picket line in protest.@@@@1@37@@oe@2-2-2013
20089040@unknown@formal@none@1@S@"They were a self-perpetuating club that treated the tower as sort of a separate premises," the Vicar Hummerstone says.@@@@1@19@@oe@2-2-2013
20089041@unknown@formal@none@1@S@An entirely new band rings today at Great Torrington, several of whom are members of the congregation.@@@@1@17@@oe@2-2-2013
20089042@unknown@formal@none@1@S@But there still aren't enough ringers to ring more than six of the eight bells.@@@@1@15@@oe@2-2-2013
20089043@unknown@formal@none@1@S@At St. Mary's Church in Ilminster, Somerset, the bells have fallen silent following a dust-up over church attendance.@@@@1@18@@oe@2-2-2013
20089044@unknown@formal@none@1@S@The vicar, W.D. Jones, refuses to talk about it, saying it would "reopen the wound."@@@@1@15@@oe@2-2-2013
20089045@unknown@formal@none@1@S@But C.J.B. Marshall, vicar of a nearby church, feels the fault is in the stairs from the bell tower that are located next to the altar.@@@@1@26@@oe@2-2-2013
20089046@unknown@formal@none@1@S@"So crunch, crunch, crunch, bang, bang, bang -- here come the ringers from above, making a very obvious exit while the congregation is at prayer," he says.@@@@1@27@@oe@2-2-2013
20089047@unknown@formal@none@1@S@Vicar Marshall admits to mixed feelings about this issue, since he is both a vicar and an active bell-ringer himself.@@@@1@20@@oe@2-2-2013
20089048@unknown@formal@none@1@S@"The sound of bells is a net to draw people into the church," he says.@@@@1@15@@oe@2-2-2013
20089049@unknown@formal@none@1@S@"I live in hopes that the ringers themselves will be drawn into that fuller life."@@@@1@15@@oe@2-2-2013
20089050@unknown@formal@none@1@S@The Central Council of Church Bell Ringers, a sort of parliament of ringing groups, aims to improve relations with vicars, says John C. Baldwin, president.@@@@1@25@@oe@2-2-2013
20089051@unknown@formal@none@1@S@It hopes to speak to students at theological colleges about the joys of bell ringing and will shortly publish a booklet for every vicar in the country entitled, "The Bells in Your Care."@@@@1@33@@oe@2-2-2013
20089052@unknown@formal@none@1@S@Says Mr. Baldwin, "We recognize that we may no longer have as high a priority in church life and experience."@@@@1@20@@oe@2-2-2013
20089053@unknown@formal@none@1@S@Mr. Baldwin is also attacking the greater problem: lack of ringers.@@@@1@11@@oe@2-2-2013
20089054@unknown@formal@none@1@S@One survey says that of the 100,000 trained bellringers in England today, only 40,000 of them still ring.@@@@1@18@@oe@2-2-2013
20089055@unknown@formal@none@1@S@Also, ringers don't always live where the bells need to be rung -- like in small, rural parishes and inner-city churches.@@@@1@21@@oe@2-2-2013
20089056@unknown@formal@none@1@S@But the council's program to attract and train ringers is only partly successful, says Mr. Baldwin.@@@@1@16@@oe@2-2-2013
20089057@unknown@formal@none@1@S@"Right now, we're lucky if after five years we keep one new ringer out of 10," he adds.@@@@1@18@@oe@2-2-2013
20089058@unknown@formal@none@1@S@One bright sign is that a growing number of women have entered the once male-dominated field; more than a third of the ringers today are women.@@@@1@26@@oe@2-2-2013
20089059@unknown@formal@none@1@S@They aren't accepted everywhere, however.@@@@1@5@@oe@2-2-2013
20089060@unknown@formal@none@1@S@The oldest bell-ringing group in the country, the Ancient Society of College Youths, founded in 1637, remains male-only, a fact that's particularly galling to women because the group is the sole source of ringers for Britain's most prestigious churches, St. Paul's Cathedral and Westminster Abbey.@@@@1@45@@oe@2-2-2013
20089061@unknown@formal@none@1@S@This being Britain, no woman has filed an equal-opportunity suit, but the extent of the problem surfaced this summer in a series of letters to "The Ringing World," a weekly newspaper for ringers.@@@@1@33@@oe@2-2-2013
20089062@unknown@formal@none@1@S@One writer, signing his letter as "Red-blooded, balanced male," remarked on the "frequency of women fainting in peals," and suggested that they "settle back into their traditional role of making tea at meetings."@@@@1@33@@oe@2-2-2013
20089063@unknown@formal@none@1@S@In the torrent of replies that followed, one woman ringer from Solihull observed that "the average male ringer leaves quite a lot to be desired: badly dressed, decorated with acne and a large beer-belly, frequently unwashed and unbearably flatulent in peals."@@@@1@41@@oe@2-2-2013
20089064@unknown@formal@none@1@S@Another women wrote from Sheffield to say that in her 60 years of ringing, "I have never known a lady to faint in the belfry.@@@@1@25@@oe@2-2-2013
20089065@unknown@formal@none@1@S@I have seen one or two men die, bless them.@@@@1@10@@oe@2-2-2013
20090001@unknown@formal@none@1@S@Investors unsettled by the stock market's gyrations can take some comfort in the predictable arrival of quarterly dividend checks.@@@@1@19@@oe@2-2-2013
20090002@unknown@formal@none@1@S@That has been particularly true this year with many companies raising their payouts more than 10%.@@@@1@16@@oe@2-2-2013
20090003@unknown@formal@none@1@S@But don't breathe too easy: Those dividend increases may signal trouble ahead for stock prices, some analysts warn.@@@@1@18@@oe@2-2-2013
20090004@unknown@formal@none@1@S@In the past, they say, the strongest dividend growth has often come at times when the stock-market party was almost over.@@@@1@21@@oe@2-2-2013
20090005@unknown@formal@none@1@S@That can be a trap for unwary investors, says Richard Bernstein, senior quantitative analyst at Merrill Lynch & Co.@@@@1@19@@oe@2-2-2013
20090006@unknown@formal@none@1@S@Strong dividend growth, he says, is "the black widow of valuation" -- a reference to the female spiders that attract males and then kill them after mating.@@@@1@27@@oe@2-2-2013
20090007@unknown@formal@none@1@S@Stephen Boesel, president of T. Rowe Price Growth and Income Fund, explains that companies raise their payouts most robustly only after the economy and corporate profits have been growing for some time.@@@@1@32@@oe@2-2-2013
20090008@unknown@formal@none@1@S@"Invariably, those strong periods in the economy give way to recessionary environments," he says.@@@@1@14@@oe@2-2-2013
20090009@unknown@formal@none@1@S@"And recessionary environments aren't hospitable to the stock market."@@@@1@9@@oe@2-2-2013
20090010@unknown@formal@none@1@S@Indeed, analysts say that payouts have sometimes risen most sharply when prices were already on their way down from cyclical peaks.@@@@1@21@@oe@2-2-2013
20090011@unknown@formal@none@1@S@In 1976, for example, dividends on the stocks in Standard & Poor's 500-stock index soared 10%, following much slower growth the year before.@@@@1@23@@oe@2-2-2013
20090012@unknown@formal@none@1@S@The S&P index started sliding in price in September 1976, and fell 12% in 1977 -- despite a 15% expansion in dividends that year.@@@@1@24@@oe@2-2-2013
20090013@unknown@formal@none@1@S@That pattern hasn't always held, but recent strong growth in dividends makes some market watchers anxious.@@@@1@16@@oe@2-2-2013
20090014@unknown@formal@none@1@S@Payouts on the S&P 500 stocks rose 10% in 1988, according to Standard & Poor's Corp., and Wall Street estimates for 1989 growth are generally between 9% and 14%.@@@@1@29@@oe@2-2-2013
20090015@unknown@formal@none@1@S@Many people believe the growth in dividends will slow next year, although a minority see double-digit gains continuing.@@@@1@18@@oe@2-2-2013
20090016@unknown@formal@none@1@S@Meanwhile, many market watchers say recent dividend trends raise another warning flag: While dividends have risen smartly, their expansion hasn't kept pace with even stronger advances in stock prices.@@@@1@29@@oe@2-2-2013
20090017@unknown@formal@none@1@S@As a result, the market's dividend yield -- dividends as a percentage of price -- has slid to a level that is fairly low and unenticing by historical standards.@@@@1@29@@oe@2-2-2013
20090018@unknown@formal@none@1@S@Put another way, the decline in the yield suggests stocks have gotten pretty rich in price relative to the dividends they pay, some market analysts say.@@@@1@26@@oe@2-2-2013
20090019@unknown@formal@none@1@S@They are keeping a close watch on the yield on the S&P 500.@@@@1@13@@oe@2-2-2013
20090020@unknown@formal@none@1@S@The figure is currently about 3.3%, up from 3.2% before the recent market slide.@@@@1@14@@oe@2-2-2013
20090021@unknown@formal@none@1@S@Some analysts say investors should run for the exits if a sustained market rebound pushes the yield below 3%.@@@@1@19@@oe@2-2-2013
20090022@unknown@formal@none@1@S@A drop below that 3% benchmark "has always been a strong warning sign that stocks are fully valued," says Mr. Boesel of T. Rowe Price.@@@@1@25@@oe@2-2-2013
20090023@unknown@formal@none@1@S@In fact, "the market has always tanked.@@@@1@7@@oe@2-2-2013
20090024@unknown@formal@none@1@S@Always.@@@@1@1@@oe@2-2-2013
20090025@unknown@formal@none@1@S@There's never been an exception," says Gerald W. Perritt, a Chicago investment adviser and money manager, based on a review of six decades of stock-market data.@@@@1@26@@oe@2-2-2013
20090026@unknown@formal@none@1@S@The last time the S&P 500 yield dropped below 3% was in the summer of 1987.@@@@1@16@@oe@2-2-2013
20090027@unknown@formal@none@1@S@Stockholders who took the hint and sold shares escaped the October debacle.@@@@1@12@@oe@2-2-2013
20090028@unknown@formal@none@1@S@There have been only seven other times -- in 1929, 1933, 1961, 1965, 1968, 1971 and 1972 -- when the yield on the S&P 500 dropped below 3% for at least two consecutive months, Mr. Perritt found.@@@@1@37@@oe@2-2-2013
20090029@unknown@formal@none@1@S@And in each case, he says, a sharp drop in stock prices began within a year.@@@@1@16@@oe@2-2-2013
20090030@unknown@formal@none@1@S@Still, some market analysts say the current 3.3% reading isn't as troublesome as it might have been in years past.@@@@1@20@@oe@2-2-2013
20090031@unknown@formal@none@1@S@"It's not a very meaningful indicator currently because corporations are not behaving in a traditional manner," says James H. Coxon, head of stock investments for Cigna Corp., the Philadelphia-based insurer.@@@@1@30@@oe@2-2-2013
20090032@unknown@formal@none@1@S@In particular, Mr. Coxon says, businesses are paying out a smaller percentage of their profits and cash flow in the form of dividends than they have historically.@@@@1@27@@oe@2-2-2013
20090033@unknown@formal@none@1@S@So, while stock prices may look fairly high relative to dividends, they are not excessive relative to the underlying corporate strength.@@@@1@21@@oe@2-2-2013
20090034@unknown@formal@none@1@S@Rather than increasing dividends, some companies have used cash to buy back some of their shares, notes Steven G. Einhorn, co-chairman of the investment policy committee at Goldman, Sachs & Co.@@@@1@31@@oe@2-2-2013
20090035@unknown@formal@none@1@S@He factors that into the market yield to get an adjusted yield of about 3.6%.@@@@1@15@@oe@2-2-2013
20090036@unknown@formal@none@1@S@That is just a tad below the average of the past 40 years or so, he says.@@@@1@17@@oe@2-2-2013
20090037@unknown@formal@none@1@S@What will happen to dividend growth next year?@@@@1@8@@oe@2-2-2013
20090038@unknown@formal@none@1@S@Common wisdom suggests a single-digit rate of growth, reflecting a weakening in the economy and corporate profits.@@@@1@17@@oe@2-2-2013
20090039@unknown@formal@none@1@S@PaineWebber Inc., for instance, is forecasting growth in S&P 500 dividends of just under 5% in 1990, down from an estimated 11% this year.@@@@1@24@@oe@2-2-2013
20090040@unknown@formal@none@1@S@In other years in which there have been moderate economic slowdowns -- the environment the firm expects in 1990 -- the change in dividends ranged from a gain of 4% to a decline of 1% , according to PaineWebber analyst Thomas Doerflinger.@@@@1@42@@oe@2-2-2013
20090041@unknown@formal@none@1@S@The minority argument, meanwhile, is that businesses have the financial wherewithal this time around to declare sharply higher dividends even if their earnings weaken.@@@@1@24@@oe@2-2-2013
20090042@unknown@formal@none@1@S@Dividend growth on the order of 12% is expected by both Mr. Coxon of Cigna and Mr. Einhorn of Goldman Sachs.@@@@1@21@@oe@2-2-2013
20090043@unknown@formal@none@1@S@Those dividend bulls argue that corporations are in the unusual position of having plenty of cash left over after paying dividends and making capital expenditures.@@@@1@25@@oe@2-2-2013
20090044@unknown@formal@none@1@S@One indicator investors might want to watch is the monthly tally from Standard & Poor's of the number of public companies adjusting their dividends.@@@@1@24@@oe@2-2-2013
20090045@unknown@formal@none@1@S@A total of 139 companies raised dividends in October, basically unchanged from 138 a year ago, S&P said Wednesday.@@@@1@19@@oe@2-2-2013
20090046@unknown@formal@none@1@S@That followed four straight months in which the number of increases trailed the year-earlier pace.@@@@1@15@@oe@2-2-2013
20090047@unknown@formal@none@1@S@While the S&P tally doesn't measure the magnitude of dividend changes, a further slippage in the number of dividend increases could be a harbinger of slower dividend growth next year.@@@@1@30@@oe@2-2-2013
20090048@unknown@formal@none@1@S@In any case, opinion is mixed on how much of a boost the overall stock market would get even if dividend growth continues at double-digit levels.@@@@1@26@@oe@2-2-2013
20090049@unknown@formal@none@1@S@Mr. Einhorn of Goldman Sachs estimates the stock market will deliver a 12% to 15% total return from appreciation and dividends over the next 12 months -- vs. a "cash rate of return" of perhaps 7% or 8% if dividend growth is weak.@@@@1@43@@oe@2-2-2013
20090050@unknown@formal@none@1@S@But Mr. Boesel of T. Rowe Price, who also expects 12% growth in dividends next year, doesn't think it will help the overall market all that much.@@@@1@27@@oe@2-2-2013
20090051@unknown@formal@none@1@S@"Having the dividend increases is a supportive element in the market outlook, but I don't think it's a main consideration," he says.@@@@1@22@@oe@2-2-2013
20090052@unknown@formal@none@1@S@With slower economic growth and flat corporate earnings likely next year, "I wouldn't look for the market to have much upside from current levels.@@@@1@24@@oe@2-2-2013
20091001@unknown@formal@none@1@S@Your Oct. 13 page-one story on the renewed plight of Western Union says that Western Union had lost its chance to be in the telephone business by turning down Alexander Graham Bell's offer to it of his invention, because it supposedly felt that voice communication would never replace the telegraph.@@@@1@50@@oe@2-2-2013
20091002@unknown@formal@none@1@S@Such is hardly the case.@@@@1@5@@oe@2-2-2013
20091003@unknown@formal@none@1@S@Bell's father-in-law, Gardner G. Hubbard, wealthy and well-connected, obtained financing to start the American Bell Telephone Co. in Boston, which even had a subsidiary in New York called the Telephone Co. of New York.@@@@1@34@@oe@2-2-2013
20091004@unknown@formal@none@1@S@This is where Bell's patents went.@@@@1@6@@oe@2-2-2013
20091005@unknown@formal@none@1@S@Western Union indeed wanted to get into the telephone business.@@@@1@10@@oe@2-2-2013
20091006@unknown@formal@none@1@S@It acquired Thomas Edison's microphone patent and then immediately sued the Bell Co. claiming that the microphone invented by my grandfather, Emile Berliner, which had been sold to Bell for a princely $50,000, infringed upon Western Union's Edison patent.@@@@1@39@@oe@2-2-2013
20091007@unknown@formal@none@1@S@When Bell established that the Berliner patent caveat was registered 10 days before Edison's application, Western Union dropped the lawsuit and agreed never to enter the telephone business -- the basis for the company's current plight.@@@@1@36@@oe@2-2-2013
20091008@unknown@formal@none@1@S@Oliver Berliner Beverly Hills, Calif.@@@@1@5@@oe@2-2-2013
20092001@unknown@formal@none@1@S@Troubled NBI Inc. said it fired more than half its work force and is discontinuing its hardware business to focus on its software and service operations.@@@@1@26@@oe@2-2-2013
20092002@unknown@formal@none@1@S@The ailing company, which has reported net losses for 16 consecutive quarters, said it won't manufacture network computer systems any more and will greatly reduce its costly direct sales force.@@@@1@30@@oe@2-2-2013
20092003@unknown@formal@none@1@S@Altogether, NBI said it will eliminate 266 jobs at its Boulder headquarters, 176 field sales jobs and 50 jobs at its Canadian and United Kingdom headquarters.@@@@1@26@@oe@2-2-2013
20092004@unknown@formal@none@1@S@The company's work force will fall to about 400 people.@@@@1@10@@oe@2-2-2013
20092005@unknown@formal@none@1@S@Stephen G. Jerritts, president and chief executive officer, said customers weren't willing to commit to an expensive NBI hardware systems because of the company's financial troubles.@@@@1@26@@oe@2-2-2013
20092006@unknown@formal@none@1@S@Further, he said, the company doesn't have the capital needed to build the business over the next year or two.@@@@1@20@@oe@2-2-2013
20092007@unknown@formal@none@1@S@"We flat ran out of financing resources," Mr. Jerritts said.@@@@1@10@@oe@2-2-2013
20092008@unknown@formal@none@1@S@"We had to do something structurally and radically different."@@@@1@9@@oe@2-2-2013
20092009@unknown@formal@none@1@S@As a result, he said NBI will focus on servicing its installed base of systems, trying to provide maintenance for other manufacturers and expanding its software business, using some of the applications it developed for its hardware.@@@@1@37@@oe@2-2-2013
20092010@unknown@formal@none@1@S@The company currently offers a word-processing package for personal computers called Legend.@@@@1@12@@oe@2-2-2013
20092011@unknown@formal@none@1@S@The company, which recently said it lacked the profits and capital to pay dividends on its Series A convertible preferred stock, said it has hired an investment banker to help it raise additional cash.@@@@1@34@@oe@2-2-2013
20092012@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, NBI common closed at 93 cents a share, up 31 cents.@@@@1@19@@oe@2-2-2013
20093001@unknown@formal@none@1@S@It was Richard Nixon's first visit to China in 1972 that set in motion the historic rapprochement between Beijing and Washington.@@@@1@21@@oe@2-2-2013
20093002@unknown@formal@none@1@S@But the former U.S. president's sixth visit to China, during which he spoke at length with Chinese leaders, was nowhere near as successful at easing strains that have recently afflicted the Sino-U.S. relationship.@@@@1@33@@oe@2-2-2013
20093003@unknown@formal@none@1@S@Mr. Nixon, the most prominent American to come to China since Beijing's bloody suppression of pro-democracy demonstrators in June, harped on international outrage over the massacre.@@@@1@26@@oe@2-2-2013
20093004@unknown@formal@none@1@S@The Chinese, in turn, took aim at American "interference" in China's domestic affairs.@@@@1@13@@oe@2-2-2013
20093005@unknown@formal@none@1@S@One official newspaper, Legal Daily, even directly criticized Mr. Nixon, who is normally referred to here as an "old friend."@@@@1@20@@oe@2-2-2013
20093006@unknown@formal@none@1@S@The paper accused him of being a leading proponent of "peaceful evolution," a catch phrase to describe what China believes is the policy of Western countries to seduce socialist nations into the capitalist sphere.@@@@1@34@@oe@2-2-2013
20093007@unknown@formal@none@1@S@The tension was evident on Wednesday evening during Mr. Nixon's final banquet toast, normally an opportunity for reciting platitudes about eternal friendship.@@@@1@22@@oe@2-2-2013
20093008@unknown@formal@none@1@S@Instead, Mr. Nixon reminded his host, Chinese President Yang Shangkun, that Americans haven't forgiven China's leaders for the military assault of June 3-4 that killed hundreds, and perhaps thousands, of demonstrators.@@@@1@31@@oe@2-2-2013
20093009@unknown@formal@none@1@S@"Many in the United States, including many friends of China, believe the crackdown was excessive and unjustified," Mr. Nixon told Mr. Yang, who was directly involved in ordering the attack.@@@@1@30@@oe@2-2-2013
20093010@unknown@formal@none@1@S@"The events of April through June damaged the respect and confidence which most Americans previously had for the leaders of China."@@@@1@21@@oe@2-2-2013
20093011@unknown@formal@none@1@S@The Chinese responded in an equally undiplomatic fashion.@@@@1@8@@oe@2-2-2013
20093012@unknown@formal@none@1@S@In talks with Mr. Nixon, Chinese leaders expressed no regret for the killings, and even suggested that the U.S. was prominently involved in the demonstrations this spring.@@@@1@27@@oe@2-2-2013
20093013@unknown@formal@none@1@S@In a meeting Tuesday, supreme leader, Deng Xiaoping, told Mr. Nixon, "Frankly speaking, the U.S. was involved too deeply in the turmoil and counterrevolutionary rebellion which occurred in Beijing not long ago.@@@@1@32@@oe@2-2-2013
20093014@unknown@formal@none@1@S@China was the real victim and it is unjust to reprove China for it."@@@@1@14@@oe@2-2-2013
20093015@unknown@formal@none@1@S@Despite the harsh exchanges, the U.S. and China still seem to be looking for a way to mend relations, which have deteriorated into what Mr. Nixon referred to as "the greatest crisis in Chinese-American relations" since his initial visit to China 17 years ago.@@@@1@44@@oe@2-2-2013
20093016@unknown@formal@none@1@S@In his return toast to Mr. Nixon, Mr. Yang said the relationship had reached a "stalemate."@@@@1@16@@oe@2-2-2013
20093017@unknown@formal@none@1@S@Relations between China and the U.S. have been tense since June 7, when Chinese dissident Fang Lizhi and his wife, Li Shuxian, took refuge in the U.S. Embassy in Beijing.@@@@1@30@@oe@2-2-2013
20093018@unknown@formal@none@1@S@Shortly afterwards, Mr. Bush imposed a series of anti-China sanctions, including suspension of most high-level talks, which could be codified in U.S. congressional legislation in the coming weeks.@@@@1@28@@oe@2-2-2013
20093019@unknown@formal@none@1@S@Mr. Nixon is traveling in China as a private citizen, but he has made clear that he is an unofficial envoy for the Bush administration.@@@@1@25@@oe@2-2-2013
20093020@unknown@formal@none@1@S@Mr. Nixon met Mr. Bush and his national security adviser, Brent Scowcroft, before coming to China on Saturday.@@@@1@18@@oe@2-2-2013
20093021@unknown@formal@none@1@S@And he plans to brief the president at the end of the week, U.S. sources said.@@@@1@16@@oe@2-2-2013
20093022@unknown@formal@none@1@S@Mr. Nixon was to leave China today.@@@@1@7@@oe@2-2-2013
20093023@unknown@formal@none@1@S@According to an American member of the Nixon party, the former president raised a number of controversial issues in his 20 hours of talks with top-level Chinese officials.@@@@1@28@@oe@2-2-2013
20093024@unknown@formal@none@1@S@These included China's economic policies, human rights and the question of Mr. Fang.@@@@1@13@@oe@2-2-2013
20093025@unknown@formal@none@1@S@Mr. Nixon also proposed that China restore its participation in the Fulbright Program, a U.S. government-funded academic exchange.@@@@1@18@@oe@2-2-2013
20093026@unknown@formal@none@1@S@China pulled out of the program in July.@@@@1@8@@oe@2-2-2013
20093027@unknown@formal@none@1@S@In his talks, the former president urged China's leaders to acknowledge that their nation is part of the world community and welcome the infusion of outside contacts and ideas.@@@@1@29@@oe@2-2-2013
20093028@unknown@formal@none@1@S@"Ideas are going over borders, and there's no SDI ideological weapon that can shoot them down," he told a group of Americans at the U.S. Embassy on Wednesday.@@@@1@28@@oe@2-2-2013
20093029@unknown@formal@none@1@S@There are no signs, however, of China's yielding on key issues.@@@@1@11@@oe@2-2-2013
20093030@unknown@formal@none@1@S@But in one minor matter, Mr. Nixon appears to have gained a concession.@@@@1@13@@oe@2-2-2013
20093031@unknown@formal@none@1@S@In a meeting with Premier Li Peng on Monday, Mr. Nixon said that he hoped he wouldn't encounter guards with machine guns during his visit to the U.S. Embassy.@@@@1@29@@oe@2-2-2013
20093032@unknown@formal@none@1@S@Sure enough, when he arrived at the embassy two days later, the machine-gun-toting guards were gone -- for the first time in five months.@@@@1@24@@oe@2-2-2013
20093033@unknown@formal@none@1@S@A few blocks away, at the U.S. ambassador's residence, the guards encircling the compound also had discarded their Uzi-model arms for the first time since early June.@@@@1@27@@oe@2-2-2013
20093034@unknown@formal@none@1@S@But the guards there retained their pistols, and a large contingent of plainclothes police remained nearby in unmarked cars.@@@@1@19@@oe@2-2-2013
20093035@unknown@formal@none@1@S@Moreover, police and soldiers continue to harass Americans, who have filed several protests with the Foreign Ministry in the past week.@@@@1@21@@oe@2-2-2013
20093036@unknown@formal@none@1@S@Several times, Chinese guards have pointed their automatic rifles at young children of U.S. diplomats and clicked the trigger.@@@@1@19@@oe@2-2-2013
20093037@unknown@formal@none@1@S@The rifles weren't loaded.@@@@1@4@@oe@2-2-2013
20094001@unknown@formal@none@1@S@Your Oct. 6 article "Japan's Financial Firms Lure Science Graduates" states, "Industrial companies are accusing financial institutions of jeopardizing Japan's economy by raising the salary stakes for new employees."@@@@1@29@@oe@2-2-2013
20094002@unknown@formal@none@1@S@The Japanese industrial companies should know better.@@@@1@7@@oe@2-2-2013
20094003@unknown@formal@none@1@S@They are barking up the wrong tree, because it is basically their fault they can't attract new employees.@@@@1@18@@oe@2-2-2013
20094004@unknown@formal@none@1@S@Takuma Yamamoto, president of Fujitsu Ltd., believes "the `money worship' among young people . . . caused the problem."@@@@1@19@@oe@2-2-2013
20094005@unknown@formal@none@1@S@He is just passing the buck to young people.@@@@1@9@@oe@2-2-2013
20094006@unknown@formal@none@1@S@What's wrong with asking for more money?@@@@1@7@@oe@2-2-2013
20094007@unknown@formal@none@1@S@Money is not everything, but it is necessary, and business is not volunteer work.@@@@1@14@@oe@2-2-2013
20094008@unknown@formal@none@1@S@It is not unethical to choose a higher-salaried job.@@@@1@9@@oe@2-2-2013
20094009@unknown@formal@none@1@S@Unfortunately, Japanese manufacturers have neither good working conditions nor good compensation packages.@@@@1@12@@oe@2-2-2013
20094010@unknown@formal@none@1@S@I get the impression that some Japanese managers believe working harder for less money is beautiful.@@@@1@16@@oe@2-2-2013
20094011@unknown@formal@none@1@S@I visited a lot of major Japanese manufacturers, but I never felt I would want to be employed by any of them.@@@@1@22@@oe@2-2-2013
20094012@unknown@formal@none@1@S@Many of them recently have been spending a lot of money on public relations and advertising to improve their images, but they should realize that the most important thing is real change, not changing people's perceptions.@@@@1@36@@oe@2-2-2013
20094013@unknown@formal@none@1@S@If the Japanese companies are seriously considering their survival, they could do at least three things to improve the situation: raise salaries higher than those of financial institutions; improve working conditions (better offices and more vacations, for example); accept and hire more labor from outside Japan.@@@@1@46@@oe@2-2-2013
20094014@unknown@formal@none@1@S@Hiroshi Asada@@@@1@2@@oe@2-2-2013
20095001@unknown@formal@none@1@S@In reference to your Oct. 9 page-one article "Barbara Bush Earns Even Higher Ratings Than the President," it is regrettable that you must continually define blacks by our negatives: "Among liberals, 60% have positive views of her, while 50% approve of the president's job performance.@@@@1@45@@oe@2-2-2013
20095002@unknown@formal@none@1@S@In part, this may reflect the fact that `she speaks a more progressive language' than her husband, as Columbia's Prof. {Ethel} Klein puts it.@@@@1@24@@oe@2-2-2013
20095003@unknown@formal@none@1@S@Among professionals, 76% have a favorable opinion of her, compared to 62% who approve of her husband's performance.@@@@1@18@@oe@2-2-2013
20095004@unknown@formal@none@1@S@While a quarter of black voters disapprove of Mr. Bush's handling of his job, only 15% have a negative view of his spouse."@@@@1@23@@oe@2-2-2013
20095005@unknown@formal@none@1@S@The statistics imply that three-quarters of blacks approve of Mr. Bush's job performance and 85% of blacks approve of Mrs. Bush.@@@@1@21@@oe@2-2-2013
20095006@unknown@formal@none@1@S@If the assumption is that it is surprising that so few blacks find Mr. and Mrs. Bush distasteful, the positive view is even more newsworthy.@@@@1@25@@oe@2-2-2013
20095007@unknown@formal@none@1@S@Such an editorial point of view perpetuates an insidious, stereotyped perspective.@@@@1@11@@oe@2-2-2013
20095008@unknown@formal@none@1@S@Why are we blacks continually defined by our minority and the lowest common denominator.@@@@1@14@@oe@2-2-2013
20095009@unknown@formal@none@1@S@Preston G. Foster Birmingham, Ala.@@@@1@5@@oe@2-2-2013
20096001@unknown@formal@none@1@S@The National Association of Securities Dealers, the self-regulatory organization for the over-the-counter securities markets, disciplined a number of firms and individuals for alleged violations of industry rules.@@@@1@27@@oe@2-2-2013
20096002@unknown@formal@none@1@S@Two firms were expelled from the NASD, three were suspended or barred and nine were fined.@@@@1@16@@oe@2-2-2013
20096003@unknown@formal@none@1@S@First Securities Group of California and a principal of the firm, Louis Fernando Vargas of Marina del Rey, Calif., were jointly fined $15,000 and expelled for alleged violations of reporting requirements on securities sales.@@@@1@34@@oe@2-2-2013
20096004@unknown@formal@none@1@S@Also, Mr. Vargas was barred from association with any NASD member.@@@@1@11@@oe@2-2-2013
20096005@unknown@formal@none@1@S@Neither First Securities, of Beverly Hills, nor Mr. Vargas could be reached for comment.@@@@1@14@@oe@2-2-2013
20096006@unknown@formal@none@1@S@A telephone-information operator had no listing for either party.@@@@1@9@@oe@2-2-2013
20096007@unknown@formal@none@1@S@J.L. Henry & Co., Miami, and a principal of the firm, Henry I. Otero of Miami, were jointly fined $30,000 and expelled, for alleged improper use of a customer's funds, among other things.@@@@1@33@@oe@2-2-2013
20096008@unknown@formal@none@1@S@Also, Mr. Otero was barred from association with any NASD member.@@@@1@11@@oe@2-2-2013
20096009@unknown@formal@none@1@S@J.L. Henry hasn't any Miami telephone listing, an operator said.@@@@1@10@@oe@2-2-2013
20096010@unknown@formal@none@1@S@Mr. Otero, who apparently has an unpublished number, also couldn't be reached.@@@@1@12@@oe@2-2-2013
20096011@unknown@formal@none@1@S@Biscayne Securities Corp., of Lauderhill, Fla., and a principal of the firm, Alvin Rosenblum of Plantation, Fla., were jointly fined $20,000 and given 10-day suspensions for allegedly selling securities at unfair prices.@@@@1@32@@oe@2-2-2013
20096012@unknown@formal@none@1@S@Biscayne hasn't any telephone listing, an operator said.@@@@1@8@@oe@2-2-2013
20096013@unknown@formal@none@1@S@Mr. Rosenblum, who apparently has an unpublished phone number, also couldn't be reached.@@@@1@13@@oe@2-2-2013
20096014@unknown@formal@none@1@S@Triton Securities, of Danville, Calif., and a principal of the firm, Delwin George Chase, also of Danville, were jointly fined $10,000 and given 30-day suspensions as part of a settlement.@@@@1@30@@oe@2-2-2013
20096015@unknown@formal@none@1@S@While neither admitting nor denying wrongdoing, Triton and Mr. Chase consented to findings of violations in connection with limited-partnership sales.@@@@1@20@@oe@2-2-2013
20096016@unknown@formal@none@1@S@Officials of Triton couldn't be reached for comment.@@@@1@8@@oe@2-2-2013
20096017@unknown@formal@none@1@S@Mr. Chase didn't return a telephone call to his office.@@@@1@10@@oe@2-2-2013
20096018@unknown@formal@none@1@S@Crane & Co. Securities Inc., of Mount Clemens, Mich., and its president, Glenn R. Crane, of Sterling Heights, Mich., consented to a joint fine of $10,000.@@@@1@26@@oe@2-2-2013
20096019@unknown@formal@none@1@S@Without admitting or denying wrongdoing, they consented to findings of violations of escrow and record-keeping rules.@@@@1@16@@oe@2-2-2013
20096020@unknown@formal@none@1@S@Mr. Crane didn't return a call seeking comment.@@@@1@8@@oe@2-2-2013
20096021@unknown@formal@none@1@S@First Commonwealth Securities Corp., of New Orleans, and its president, Kenneth J. Canepa, also of New Orleans, consented to a $10,000 fine.@@@@1@22@@oe@2-2-2013
20096022@unknown@formal@none@1@S@Also, Mr. Canepa received a two-week suspension "in a principal capacity."@@@@1@11@@oe@2-2-2013
20096023@unknown@formal@none@1@S@Without admitting or denying wrongdoing, they consented to findings that they had inaccurately represented the firm's net capital, maintained inaccurate books and records, and made other violations.@@@@1@27@@oe@2-2-2013
20096024@unknown@formal@none@1@S@Mr. Canepa confirmed he had consented to the sanctions but declined to comment further.@@@@1@14@@oe@2-2-2013
20096025@unknown@formal@none@1@S@Weatherly Securities Corp., New York, and three of its principals -- Dell Eugene Keehn and William Northy Prater Jr., both of Mercer Island, Wash., and Thomas Albert McFall, of Red Bank, N.J. -- consented to a fine of $20,000.@@@@1@39@@oe@2-2-2013
20096026@unknown@formal@none@1@S@Without admitting or denying wrongdoing, they consented to findings that they failed to return funds owed to customers in connection with a limited-partnership offering.@@@@1@24@@oe@2-2-2013
20096027@unknown@formal@none@1@S@Reached at his office, Mr. McFall, currently chairman, said, "An implication that we failed to return investor funds is inappropriate and inaccurate."@@@@1@22@@oe@2-2-2013
20096028@unknown@formal@none@1@S@He described the situation as "an escrow problem, a timing issue," which he said was rapidly rectified, with no losses to customers.@@@@1@22@@oe@2-2-2013
20096029@unknown@formal@none@1@S@W.N. Whelen & Co., of Georgetown, Del., and its president, William N. Whelen Jr., also of Georgetown, were barred from transacting principal trades for 90 days and were jointly fined $15,000.@@@@1@31@@oe@2-2-2013
20096030@unknown@formal@none@1@S@The firm and Mr. Whelen allegedly sold securities to the public at unfair prices, among other alleged violations.@@@@1@18@@oe@2-2-2013
20096031@unknown@formal@none@1@S@Mr. Whelen denied the firm had sold securities at unfair prices and suggested that the examination practices of the NASD need improvement.@@@@1@22@@oe@2-2-2013
20096032@unknown@formal@none@1@S@The firm and the NASD differ over the meaning of markup and markdown, he added.@@@@1@15@@oe@2-2-2013
20096033@unknown@formal@none@1@S@Shearson Lehman Hutton Inc., New York, which is 62%-owned by American Express Co., consented to a $10,000 fine.@@@@1@18@@oe@2-2-2013
20096034@unknown@formal@none@1@S@Without admitting or denying wrongdoing, the firm consented to findings that it failed to respond "in a timely manner" to the NASD's requests for information in connection with a customer complaint.@@@@1@31@@oe@2-2-2013
20096035@unknown@formal@none@1@S@A Shearson spokesman had no comment.@@@@1@6@@oe@2-2-2013
20096036@unknown@formal@none@1@S@The following individuals were fined as indicated and barred from association with NASD members, or, where noted, suspended.@@@@1@18@@oe@2-2-2013
20096037@unknown@formal@none@1@S@Except where noted, none of these people could be reached for comment or had any comment.@@@@1@16@@oe@2-2-2013
20096038@unknown@formal@none@1@S@Andrew Derel Adams, Killeen, Texas, fined $15,000; John Francis Angier Jr., Reddington Shores, Fla., $15,000; Mark Anthony, Arlington Heights, Ill., $10,000 and 30-day suspension; William Stirlen, Arlington Heights, Ill., $7,500 and 30-day suspension; Fred W. Bonnell, Boulder, Colo., $2,500 and six-month suspension; Michael J. Boorse, Horsham, Pa.; David Chiodo, Dallas, $5,000, barred as a principal; Camille Chafic Cotran, London, $25,000; John William Curry, fined $5,000, ordered to disgorge $30,000, one-year suspension.@@@@1@71@@oe@2-2-2013
20096039@unknown@formal@none@1@S@John William Davis, Colonsville, Miss., fined $200,000; Jeffrey Gerard Dompierre, Valrico, Fla., $5,000 and 10-day suspension; Eugene Michael Felten, La Canada, Calif., fined $25,000, ordered to disgorge $16,072 and suspended one year; Marion Stewart Spitler, La Canada, fined $15,000, ordered to disgorge $18,444 and suspended six months.@@@@1@47@@oe@2-2-2013
20096040@unknown@formal@none@1@S@Mr. Felten said, "We got what amounted to a parking ticket, and by complaining about it, we ended up with a sizable fine and suspension."@@@@1@25@@oe@2-2-2013
20096041@unknown@formal@none@1@S@The matter "didn't involve anybody's securities transactions," he added.@@@@1@9@@oe@2-2-2013
20096042@unknown@formal@none@1@S@Victor Stanley Fishman, Longwood, Fla., fined $25,000; William Harold Floyd, Houston, $100,000; Michael Anthony Houston, Bronx, N.Y., $15,000; Amin Jalaalwalikraam, Glenham, N.Y., $60,000; Richard F. Knapp, London, $10,000 and 30-day suspension; Deborah Renee Martin, St. Louis, $15,000; Joseph Francis Muscolina Jr., Palisades Park, N.J., $15,000; Robert C. Najarian, Brooklyn Park, Minn., $15,000; Edward Robert Norwick, Nesconset, N.Y., $30,000.@@@@1@58@@oe@2-2-2013
20096043@unknown@formal@none@1@S@Charles D. Phipps Sr., Hermitage, Pa., fined $10,000; David Scott Rankin, Lake St. Louis, Mo., $15,000; Leigh A. Sanderoff, Gaithersburg, Md., fined $45,000, ordered to disgorge $12,252; Sandra Ann Smith, Ridgefield, N.J., $15,000; James G. Spence, Aloha, Ore., $5,000 and six-month suspension; Mona Sun, Jamaica Estates, N.Y., $60,000; William Swearingen, Minneapolis, $15,000 and six-month suspension; John Bew Wong, San Francisco, $25,000; Rabia M. Zayed, San Francisco, $50,000.@@@@1@67@@oe@2-2-2013
20096044@unknown@formal@none@1@S@The following were neither barred nor suspended: Stephanie Veselich Enright, Rolling Hills, Calif., fined $2,500 and ordered to disgorge $11,762; Stuart Lane Russel, Glendale, Calif., fined $2,500 and ordered to disgorge $14,821; Devon Nilson Dahl, Fountain Valley, Calif., fined $82,389.@@@@1@40@@oe@2-2-2013
20096045@unknown@formal@none@1@S@Mr. Dahl, a registered representative in the insurance business, said he "screwed up" because he didn't realize he was breaking securities laws.@@@@1@22@@oe@2-2-2013
20096046@unknown@formal@none@1@S@"Insurance agents have been forced by their companies into becoming registered reps," he said, "but they are not providing compliance and security-type training so that we can avoid stupid mistakes."@@@@1@30@@oe@2-2-2013
20096047@unknown@formal@none@1@S@The following were barred or, where noted, suspended and consented to findings without admitting or denying wrongdoing: Edward L. Cole, Jackson, Miss., $10,000 fine; Rita Rae Cross, Denver, $2,500 fine and 30-day suspension; Thomas Richard Meinders, Colorado Springs, Colo., $2,000 fine, five-day suspension and eight-month suspension as a principal; Ronald A. Cutrer, Baton Rouge, La., $15,000 fine and one-month suspension; Karl Grant Hale, Midvale, Utah, $15,000 fine; Clinton P. Hayne, New Orleans, $7,500 fine and one-week suspension; Richard M. Kane, Coconut Creek, Fla., $250,000 fine; John B. Merrick, Aurora, Colo., $1,000 fine and 10-day suspension; John P. Miller, Baton Rouge, $2,000 fine and two-week suspension; Randolph K. Pace, New York, $10,000 fine and 90-day suspension; Brian D. Pitcher, New Providence, N.J., $30,000 fine; Wayne A. Russo, Bridgeville, Pa., $4,000 fine and 15-day suspension; Orville Leroy Sandberg, Aurora, Colo., $3,500 fine and 10-day suspension; Richard T. Marchese, Las Vegas, Nev., $5,000 and one-year suspension; Eric G. Monchecourt, Las Vegas, $5,000 and one-year suspension; and Robert Gerhard Smith, Carson City, Nev., two-year suspension.@@@@1@171@@oe@2-2-2013
20096048@unknown@formal@none@1@S@"I wasn't ever actively engaged in any securities activities," said Mr. Cutrer.@@@@1@12@@oe@2-2-2013
20096049@unknown@formal@none@1@S@"I never had any clients at all.@@@@1@7@@oe@2-2-2013
20096050@unknown@formal@none@1@S@It was just a stupid mistake to get the license," he said, adding, "I'd just as soon not get into" details of the settlement.@@@@1@24@@oe@2-2-2013
20097001@unknown@formal@none@1@S@Program traders are fond of predicting that if they are blocked in the U.S., they will simply emigrate to foreign stock markets.@@@@1@22@@oe@2-2-2013
20097002@unknown@formal@none@1@S@But in London and Tokyo, where computer-driven trading now plays a small but growing role, traders say a number of hurdles loom.@@@@1@22@@oe@2-2-2013
20097003@unknown@formal@none@1@S@Government officials, especially in Japan, probably would resist any onslaught of program trading by players trying to shrug off the U.S. furor over their activities and marching abroad with their business.@@@@1@31@@oe@2-2-2013
20097004@unknown@formal@none@1@S@Japan is "very concerned" about the possible effects of program trading, a senior Japanese official said after the Oct. 13 stock plunge in New York.@@@@1@25@@oe@2-2-2013
20097005@unknown@formal@none@1@S@U.S. stock-index futures aren't even traded in Japan now.@@@@1@9@@oe@2-2-2013
20097006@unknown@formal@none@1@S@And because of the time difference, the Japanese and the U.S. markets' trading hours don't overlap.@@@@1@16@@oe@2-2-2013
20097007@unknown@formal@none@1@S@It all adds up to a barrier to American-style index arbitrage, the most popular form of U.S. program trading that seeks to exploit brief differences between prices of stocks in New York and the price of a futures contract in Chicago based on those stocks.@@@@1@45@@oe@2-2-2013
20097008@unknown@formal@none@1@S@About 11.6% of all program trading by New York Stock Exchange firms in September took place in foreign markets, according to Big Board data.@@@@1@24@@oe@2-2-2013
20097009@unknown@formal@none@1@S@Yet it is difficult to imagine Japan racing to introduce Chicago-style stock-index futures.@@@@1@13@@oe@2-2-2013
20097010@unknown@formal@none@1@S@Japan's Finance Ministry already is scrutinizing institutional investors' activity to see whether policy changes are needed to cope with the current level of program trading, said Makato Utsumi, vice minister for international finance.@@@@1@33@@oe@2-2-2013
20097011@unknown@formal@none@1@S@Program trading has taken off in Japan since last year's introduction of home-market stock-index futures trading on the Tokyo and Osaka stock exchanges.@@@@1@23@@oe@2-2-2013
20097012@unknown@formal@none@1@S@But regulators are wary.@@@@1@4@@oe@2-2-2013
20097013@unknown@formal@none@1@S@They haven't forgotten the leap in share prices last Dec. 7, when the first bout of foreign-led index arbitrage drove stocks skyward in the last half-hour of trading, startling regulators who thought they had written enough rules to prevent such a swing.@@@@1@42@@oe@2-2-2013
20097014@unknown@formal@none@1@S@Japan's Finance Ministry had set up mechanisms to limit how far futures prices could fall in a single session and to give market operators the authority to suspend trading in futures at any time.@@@@1@34@@oe@2-2-2013
20097015@unknown@formal@none@1@S@"Maybe it wasn't enough," a Finance Ministry official noted after the Dec. 7 surge.@@@@1@14@@oe@2-2-2013
20097016@unknown@formal@none@1@S@Japan's regulators have since tightened controls on index-related stock purchases.@@@@1@10@@oe@2-2-2013
20097017@unknown@formal@none@1@S@Tokyo's leading program traders are the big U.S. securities houses, though the Japanese are playing catch-up.@@@@1@16@@oe@2-2-2013
20097018@unknown@formal@none@1@S@Some U.S. firms, notably Salomon Inc. and Morgan Stanley Group Inc., have reaped a hefty chunk of their Japanese earnings from index arbitrage, both for customers and for their own accounts.@@@@1@31@@oe@2-2-2013
20097019@unknown@formal@none@1@S@(Morgan Stanley last week joined a growing list of U.S. securities firms that have stopped doing index arbitrage for their own accounts.)@@@@1@22@@oe@2-2-2013
20097020@unknown@formal@none@1@S@Both Deryck C. Maughan, who heads Salomon in Tokyo, and John S. Wadsworth, who heads Morgan Stanley there, ascribe a good part of their firms' success in Tokyo to their ability to offer sophisticated, futures-related investment strategies to big institutional clients.@@@@1@41@@oe@2-2-2013
20097021@unknown@formal@none@1@S@They don't have plans to cut back.@@@@1@7@@oe@2-2-2013
20097022@unknown@formal@none@1@S@"It has not been disruptive in the markets here," Mr. Maughan said.@@@@1@12@@oe@2-2-2013
20097023@unknown@formal@none@1@S@"The real difference seems to be that the cash market here . . . is big enough and liquid enough that the futures market isn't having the same impact it does in America."@@@@1@33@@oe@2-2-2013
20097024@unknown@formal@none@1@S@The British also are scrutinizing program trades.@@@@1@7@@oe@2-2-2013
20097025@unknown@formal@none@1@S@Index-arbitrage trading is "something we want to watch closely," an official at London's Stock Exchange said.@@@@1@16@@oe@2-2-2013
20097026@unknown@formal@none@1@S@"We don't think there is cause for concern at the moment."@@@@1@11@@oe@2-2-2013
20097027@unknown@formal@none@1@S@London serves increasingly as a conduit for program trading of U.S. stocks.@@@@1@12@@oe@2-2-2013
20097028@unknown@formal@none@1@S@Market professionals said London has several attractions.@@@@1@7@@oe@2-2-2013
20097029@unknown@formal@none@1@S@First, the trading is done over the counter and isn't reported on either the U.S. or London stock trading tapes.@@@@1@20@@oe@2-2-2013
20097030@unknown@formal@none@1@S@Second, it can be used to unwind positions before U.S. trading begins, but at prices pegged to the previous session's Big Board close.@@@@1@23@@oe@2-2-2013
20097031@unknown@formal@none@1@S@In addition to the extra privacy of these trades, the transactions can often be less expensive to execute, because the parties don't have to pay a floor brokerage fee or a specialist's fee.@@@@1@33@@oe@2-2-2013
20097032@unknown@formal@none@1@S@Still, "Much less {index-arbitrage activity} is done over here than in the U.S." said Richard Barfield, chief investment manager at Standard Life Assurance Co., which manages about #15 billion ($23.72 billion) in United Kingdom institutional funds.@@@@1@36@@oe@2-2-2013
20097033@unknown@formal@none@1@S@Britain has two main index-arbitrage instruments.@@@@1@6@@oe@2-2-2013
20097034@unknown@formal@none@1@S@A Financial Times-Stock Exchange 100-share index option contract is traded on the London Stock Exchange's Traded Options Market.@@@@1@18@@oe@2-2-2013
20097035@unknown@formal@none@1@S@And an FT-SE futures contract is traded on the London International Financial Futures Exchange.@@@@1@14@@oe@2-2-2013
20097036@unknown@formal@none@1@S@Both contracts have gained a following since the 1987 global market crash.@@@@1@12@@oe@2-2-2013
20097037@unknown@formal@none@1@S@The average number of FT-SE option contracts traded on the London exchange has surged nearly tenfold since the contract's launch in 1984.@@@@1@22@@oe@2-2-2013
20097038@unknown@formal@none@1@S@This year, the average of daily contracts traded totaled 9,118, up from 4,645 a year earlier and from 917 in 1984.@@@@1@21@@oe@2-2-2013
20097039@unknown@formal@none@1@S@But a survey early this summer indicated that the volume of index-options trading was only 15% of the size of the underlying equity market, exchange officials said.@@@@1@27@@oe@2-2-2013
20097040@unknown@formal@none@1@S@This compares with estimates that the U.S. "derivatives" market is perhaps four times as large as the underlying domestic market.@@@@1@20@@oe@2-2-2013
20098001@unknown@formal@none@1@S@The House voted to boost the federal minimum wage for the first time since early 1981, casting a solid 382-37 vote for a compromise measure backed by President Bush.@@@@1@29@@oe@2-2-2013
20098002@unknown@formal@none@1@S@The vote came after a debate replete with complaints from both proponents and critics of a substantial increase in the wage floor.@@@@1@22@@oe@2-2-2013
20098003@unknown@formal@none@1@S@Advocates said the 90-cent-an-hour rise, to $4.25 an hour by April 1991, is too small for the working poor, while opponents argued that the increase will still hurt small business and cost many thousands of jobs.@@@@1@36@@oe@2-2-2013
20098004@unknown@formal@none@1@S@But the legislation reflected a compromise agreed to on Tuesday by President Bush and Democratic leaders in Congress, after congressional Republicans urged the White House to bend a bit from its previous resistance to compromise.@@@@1@35@@oe@2-2-2013
20098005@unknown@formal@none@1@S@So both sides accepted the compromise, which would lead to the first lifting of the minimum wage since a four-year law was enacted in 1977, raising the wage to $3.35 an hour from $2.65.@@@@1@34@@oe@2-2-2013
20098006@unknown@formal@none@1@S@Under the measure passed yesterday, the minimum wage would rise to $3.80 next April.@@@@1@14@@oe@2-2-2013
20098007@unknown@formal@none@1@S@The Senate plans to take up the measure quickly and is expected to pass it.@@@@1@15@@oe@2-2-2013
20098008@unknown@formal@none@1@S@"There are no smiles about this bill," Rep. Pat Williams (D., Mont.) said during House floor debate yesterday.@@@@1@18@@oe@2-2-2013
20098009@unknown@formal@none@1@S@But "because it's all we've got, I'm going to vote for it."@@@@1@12@@oe@2-2-2013
20098010@unknown@formal@none@1@S@While the minimum wage had traditionally been pegged at half the average U.S. manufacturing wage, the level of $4.25 an hour in 1991 will still be less than 35% of average factory pay, Mr. Williams said.@@@@1@36@@oe@2-2-2013
20098011@unknown@formal@none@1@S@But Rep. Marge Roukema (R., N.J.) instead praised the House's acceptance of a new youth "training" wage, a subminimum that GOP administrations have sought for many years.@@@@1@27@@oe@2-2-2013
20098012@unknown@formal@none@1@S@Adopting a training-wage policy means "getting beyond the nickel and diming of the minimum wage," Mrs. Roukema said.@@@@1@18@@oe@2-2-2013
20098013@unknown@formal@none@1@S@Policy makers regard the youth wage as helping to limit the loss of jobs from an increase in the minimum wage, but they have lately touted it as necessary to help impart job skills to entrants into the work force.@@@@1@40@@oe@2-2-2013
20098014@unknown@formal@none@1@S@Labor unions and Democrats long fought the idea, but recently acceded to it in the face of Bush administration insistence.@@@@1@20@@oe@2-2-2013
20098015@unknown@formal@none@1@S@The compromise sets the training wage at $3.35 an hour next April, and at $3.61 an hour, or 85% of the minimum wage, in April 1991.@@@@1@26@@oe@2-2-2013
20098016@unknown@formal@none@1@S@Employers can pay the subminimum for 90 days, without restriction, to workers with less than six months of job experience, and for another 90 days if the company uses a government-certified training program for the young workers.@@@@1@37@@oe@2-2-2013
20098017@unknown@formal@none@1@S@The training wage covers only workers who are 16 to 19 years old.@@@@1@13@@oe@2-2-2013
20098018@unknown@formal@none@1@S@The White House previously insisted on an unrestricted six-month training wage that could be paid any time a worker of any age took a new job.@@@@1@26@@oe@2-2-2013
20098019@unknown@formal@none@1@S@The U.S. Chamber of Commerce, still opposed to any mininum-wage increase, said the compromise plan to lift the wage floor 27% in two stages between April 1990 and April 1991 "will be impossible for many employers to accommodate and will result in the elimination of jobs for American workers and higher prices for American consumers.@@@@1@55@@oe@2-2-2013
20099001@unknown@formal@none@1@S@Zenith Data Systems Corp., a subsidiary of Zenith Electronics Corp., received a $534 million Navy contract for software and services of microcomputers over an 84-month period.@@@@1@26@@oe@2-2-2013
20099002@unknown@formal@none@1@S@Rockwell International Corp. won a $130.7 million Air Force contract for AC-130U gunship replacement aircraft.@@@@1@15@@oe@2-2-2013
20099003@unknown@formal@none@1@S@Martin Marietta Corp. was given a $29.9 million Air Force contract for low-altitude navigation and targeting equipment.@@@@1@17@@oe@2-2-2013
20099004@unknown@formal@none@1@S@Federal Data Corp. got a $29.4 million Air Force contract for intelligence data handling.@@@@1@14@@oe@2-2-2013