20400001@unknown@formal@none@1@S@After a bad start, Treasury bonds were buoyed by a late burst of buying to end modestly higher.@@@@1@18@@oe@2-2-2013
20400002@unknown@formal@none@1@S@"The market was pretty dull" for most of the day, said Robert H. Chandross, vice president at Lloyds Bank PLC.@@@@1@20@@oe@2-2-2013
20400003@unknown@formal@none@1@S@He said some investors were reluctant to plunge into the market ahead of several key economic indicators due this week, especially Friday's potentially market-moving employment report.@@@@1@26@@oe@2-2-2013
20400004@unknown@formal@none@1@S@During the first hour of trading yesterday, prices fell as much as 1/4 point, or down about $2.50 for each $1,000 face amount.@@@@1@23@@oe@2-2-2013
20400005@unknown@formal@none@1@S@But market activity was energized as investors started to view the lower price levels as attractive.@@@@1@16@@oe@2-2-2013
20400006@unknown@formal@none@1@S@And the Treasury's $17.6 billion auction of short-term bills, which generated strong buying interest, helped to lift the bond market out of the doldrums.@@@@1@24@@oe@2-2-2013
20400007@unknown@formal@none@1@S@"We saw good retail demand by small banks, individuals and institutions and that is one reason why the market advanced" late in the day, said Sung Won Sohn, senior vice president and chief economist at Norwest Corp., Minneapolis.@@@@1@38@@oe@2-2-2013
20400008@unknown@formal@none@1@S@He said the change in sentiment also reflected perceptions that the slate of economic statistic due this week will be "conducive to a bond market rally."@@@@1@26@@oe@2-2-2013
20400009@unknown@formal@none@1@S@The employment report, which will provide the first official measure of the economy's strength in October, is expected to show smaller gains in the generation of new jobs.@@@@1@28@@oe@2-2-2013
20400010@unknown@formal@none@1@S@Other key economic indicators due this week include today's release of the September leading indicators index and new-home sales.@@@@1@19@@oe@2-2-2013
20400011@unknown@formal@none@1@S@Tomorrow, the October purchasing managers report is due and on Thursday comes October chain-store sales.@@@@1@15@@oe@2-2-2013
20400012@unknown@formal@none@1@S@Despite yesterday's modest bond market gains, economists say investors are anxious about the Treasury's huge quarterly refunding of government debt, the timing of which depends on Congressional efforts to raise the debt ceiling.@@@@1@33@@oe@2-2-2013
20400013@unknown@formal@none@1@S@Although the Treasury will announce details of the November refunding tomorrow, it could be delayed if Congress and President Bush fail to increase the Treasury's borrowing capacity.@@@@1@27@@oe@2-2-2013
20400014@unknown@formal@none@1@S@The debt ceiling is scheduled to fall to $2.8 trillion from $2.87 trillion at midnight tonight.@@@@1@16@@oe@2-2-2013
20400015@unknown@formal@none@1@S@The Treasury's benchmark 30-year bond rose 1/8 point.@@@@1@8@@oe@2-2-2013
20400016@unknown@formal@none@1@S@Mortgage-backed securities were up less than 1/8 point and investment-grade corporate bonds were unchanged.@@@@1@14@@oe@2-2-2013
20400017@unknown@formal@none@1@S@Strong demand for New York City's $813 million general obligation bonds propped up the municipal market.@@@@1@16@@oe@2-2-2013
20400018@unknown@formal@none@1@S@Traders said most municipal bonds ended 1/2 point higher.@@@@1@9@@oe@2-2-2013
20400019@unknown@formal@none@1@S@The New York City issue included $757 million of tax-exempt bonds priced to yield between 6.50% to 7.88%, depending on the maturity.@@@@1@22@@oe@2-2-2013
20400020@unknown@formal@none@1@S@The $56 million of New York's taxable general obligation bonds were priced to yield between 9.125% to 9.90%.@@@@1@18@@oe@2-2-2013
20400021@unknown@formal@none@1@S@As expected, the longer-term tax-exempt New York bonds had yields nearly as high as those on taxable long-term Treasury bonds.@@@@1@20@@oe@2-2-2013
20400022@unknown@formal@none@1@S@The yield on the benchmark 30-year Treasury bond ended yesterday at about 7.92%.@@@@1@13@@oe@2-2-2013
20400023@unknown@formal@none@1@S@Bond dealers said the rates for the long-term tax-exempt New York City bonds were among the highest, as a percentage of Treasury rates, for any New York City issue in recent memory.@@@@1@32@@oe@2-2-2013
20400024@unknown@formal@none@1@S@A spokesman for New York City Comptroller Harrison Goldin said the high rates reflect investors concerns about the city's financial health and political uncertainties.@@@@1@24@@oe@2-2-2013
20400025@unknown@formal@none@1@S@New York bonds, which have been hammered in recent weeks on the pending supply and reports that the city's economy is growing weaker, rose 1/2 point yesterday.@@@@1@27@@oe@2-2-2013
20400026@unknown@formal@none@1@S@Treasury Securities@@@@1@2@@oe@2-2-2013
20400027@unknown@formal@none@1@S@Treasury bonds ended slightly higher in light trading.@@@@1@8@@oe@2-2-2013
20400028@unknown@formal@none@1@S@The benchmark 30-year bond ended at 102 7/32 to yield 7.92%, compared with Friday's price of 102 2/32 to yield 7.93%.@@@@1@21@@oe@2-2-2013
20400029@unknown@formal@none@1@S@The latest 10-year notes ended at about 100 16/32 to yield 7.90%, compared with 100 11/32 to yield 7.93% on Friday.@@@@1@21@@oe@2-2-2013
20400030@unknown@formal@none@1@S@Short-term interest rates rose at the government's regular weekly Treasury-bill auction.@@@@1@11@@oe@2-2-2013
20400031@unknown@formal@none@1@S@The average discount rate on three-month bills was 7.78% and the rate on six-month bills was 7.62%.@@@@1@17@@oe@2-2-2013
20400032@unknown@formal@none@1@S@Those rates are up from 7.52% and 7.50%, respectively, at last week's auction.@@@@1@13@@oe@2-2-2013
20400033@unknown@formal@none@1@S@Due to the Treasury's need to raise funds quickly before the current authority to issue debt expires at midnight tonight, yesterday's auction was structured differently from previous sales.@@@@1@28@@oe@2-2-2013
20400034@unknown@formal@none@1@S@The Treasury bills sold yesterday settle today, rather than the standard settlement day of Thursday.@@@@1@15@@oe@2-2-2013
20400035@unknown@formal@none@1@S@And because of the early settlement, the three-month bills actually have a 93-day maturity, and the six-month bills have an 184-day maturity.@@@@1@22@@oe@2-2-2013
20400036@unknown@formal@none@1@S@Because of the early settlement, the Federal Reserve was unable to purchase bills for its system account.@@@@1@17@@oe@2-2-2013
20400037@unknown@formal@none@1@S@However, analysts expect the Fed to buy Treasury bills that were auctioned yesterday in the secondary market.@@@@1@17@@oe@2-2-2013
20400038@unknown@formal@none@1@S@The Treasury also held a hastily scheduled $2 billion sale of 51-cash management bills yesterday.@@@@1@15@@oe@2-2-2013
20400039@unknown@formal@none@1@S@Here are details of yesterday's three-month and six-month bill auction:@@@@1@10@@oe@2-2-2013
20400040@unknown@formal@none@1@S@Rates are determined by the difference between the purchase price and face value.@@@@1@13@@oe@2-2-2013
20400041@unknown@formal@none@1@S@Thus, higher bidding narrows the investor's return while lower bidding widens it.@@@@1@12@@oe@2-2-2013
20400042@unknown@formal@none@1@S@The percentage rates are calculated on a 360-day year, while the coupon equivalent yield is based on a 365-day year.@@@@1@20@@oe@2-2-2013
20400043@unknown@formal@none@1@S@Both issues are dated Oct. 31.@@@@1@6@@oe@2-2-2013
20400044@unknown@formal@none@1@S@The 13-week bills mature Feb. 1, and the 26-week bills mature May 3, 1990.@@@@1@14@@oe@2-2-2013
20400045@unknown@formal@none@1@S@Here are details of yesterday's 51-day cash management bill auction:@@@@1@10@@oe@2-2-2013
20400046@unknown@formal@none@1@S@Interest rate 8.07%@@@@1@3@@oe@2-2-2013
20400047@unknown@formal@none@1@S@The bills are dated Oct. 31 and mature Dec. 21, 1989.@@@@1@11@@oe@2-2-2013
20400048@unknown@formal@none@1@S@Corporate Issues@@@@1@2@@oe@2-2-2013
20400049@unknown@formal@none@1@S@The junk bond prices of Western Union Corp. tumbled after the company said it won't proceed with an exchange offer to holders of its reset notes.@@@@1@26@@oe@2-2-2013
20400050@unknown@formal@none@1@S@The Upper Saddle River, N.J., communications firm said it is considering alternatives to the restructuring of the senior secured notes because of changes in the high-yield market.@@@@1@27@@oe@2-2-2013
20400051@unknown@formal@none@1@S@In June, Western Union was forced to reset the interest rate on the senior secured notes due in 1992 to 19 1/4% from 16 1/2%, a move which increased the firm's annual interest payments by $13.8 million.@@@@1@37@@oe@2-2-2013
20400052@unknown@formal@none@1@S@Although the notes held at a price of 92 to 93 immediately after the reset, they started falling soon afterward.@@@@1@20@@oe@2-2-2013
20400053@unknown@formal@none@1@S@Yesterday, Western Union's senior secured reset notes fell 3 3/4 points, or about $37.50 for each $1,000 face amount, to close at 50 1/4.@@@@1@24@@oe@2-2-2013
20400054@unknown@formal@none@1@S@Other Western Union securities were also lower.@@@@1@7@@oe@2-2-2013
20400055@unknown@formal@none@1@S@The company's 7.90% sinking fund debentures were quoted at a bid price of 14 1/4 and an offered price of 30, while the 10 3/4% subordinated debentures of 1997 were being bid for at 28 and offered at around 34 3/4.@@@@1@41@@oe@2-2-2013
20400056@unknown@formal@none@1@S@The 10 3/4% debentures last traded at 35.@@@@1@8@@oe@2-2-2013
20400057@unknown@formal@none@1@S@High-yield traders said spreads between the bid and offered prices of Western Union junk bonds have been widening for some time, and in certain cases, bids for Western Union securities are not available.@@@@1@33@@oe@2-2-2013
20400058@unknown@formal@none@1@S@Elsewhere, prices of investment-grade and high-risk, high-yield junk bonds ended unchanged.@@@@1@11@@oe@2-2-2013
20400059@unknown@formal@none@1@S@In the new-issue market for junk securities, underwriters at Salomon Brothers Inc. are expected to price today a $350 million junk bond offering by Beatrice Co..@@@@1@26@@oe@2-2-2013
20400060@unknown@formal@none@1@S@The two-part issue consists of $200 million of senior subordinated reset notes maturing in 1997 and $150 million of subordinated floating rate notes also maturing in 1997.@@@@1@27@@oe@2-2-2013
20400061@unknown@formal@none@1@S@Portfolio managers said expectations are for the issue to be priced at a discount with a coupon of 13 3/4% and a yield of about 14%.@@@@1@26@@oe@2-2-2013
20400062@unknown@formal@none@1@S@The Chicago-based food and consumer goods concern was acquired in April 1986 in a $6.2 billion leveraged buy-out engineered by Kohlberg Kravis Roberts & Co.@@@@1@25@@oe@2-2-2013
20400063@unknown@formal@none@1@S@Proceeds from the note sale will be used to repay a portion of the bank borrowings used by Beatrice to redeem its $526.3 million principal amount of increasing rate debentures in August.@@@@1@32@@oe@2-2-2013
20400064@unknown@formal@none@1@S@Meanwhile, underwriters at Morgan Stanley & Co. are expected today to price a $350 million high-yield offering by Continental Cablevision Inc.@@@@1@21@@oe@2-2-2013
20400065@unknown@formal@none@1@S@The senior subordinated debentures maturing in 2004 are targeted to be offered at a yield of between 12 5/8% to 12 3/4%.@@@@1@22@@oe@2-2-2013
20400066@unknown@formal@none@1@S@Mortgage-Backed Securities@@@@1@2@@oe@2-2-2013
20400067@unknown@formal@none@1@S@Mortgage securities ended 2/32 to 4/32 higher in light trading.@@@@1@10@@oe@2-2-2013
20400068@unknown@formal@none@1@S@Ginnie Mae's 9% issue for November delivery finished at 98 1/2, up 4/32, and its 10% issue at 102 3/8, up 4/32.@@@@1@22@@oe@2-2-2013
20400069@unknown@formal@none@1@S@Freddie Mac's 9% issue ended at 97 19/32, up 2/32.@@@@1@10@@oe@2-2-2013
20400070@unknown@formal@none@1@S@In the derivative market, insurance companies have scaled back their purchases of Remic securities, or real estate mortgage investment conduits, as they assess potential claims from the recent California earthquake and hurricane in the Carolinas.@@@@1@35@@oe@2-2-2013
20400071@unknown@formal@none@1@S@This could mean diminished issuance of derivative mortgage issues during the next few weeks.@@@@1@14@@oe@2-2-2013
20400072@unknown@formal@none@1@S@Insurance companies have been major buyers of prepayment-protected planned amortization classes (PACs) during the past few months.@@@@1@17@@oe@2-2-2013
20400073@unknown@formal@none@1@S@The PACs appeal to insurance companies and other investors because they have higher yields than topgrade corporate bonds and carry the guarantee of Freddie Mac and Fannie Mae, quasi-federal agencies.@@@@1@30@@oe@2-2-2013
20400074@unknown@formal@none@1@S@In the asset-backed market, Beneficial Corp. offered $248 million of securities backed by home-equity loans, the second large deal in the past week.@@@@1@23@@oe@2-2-2013
20400075@unknown@formal@none@1@S@Last week, a unit of MNC Financial Corp. offered $268 million of home-equity securities.@@@@1@14@@oe@2-2-2013
20400076@unknown@formal@none@1@S@Both the MNC and Beneficial offering were underwritten by Merrill Lynch Capital Markets, the leading Wall Street firm in the home-equity securities market, which was created early this year.@@@@1@29@@oe@2-2-2013
20400077@unknown@formal@none@1@S@Municipal Issues@@@@1@2@@oe@2-2-2013
20400078@unknown@formal@none@1@S@The improved tone in the municipal market, largely an offshoot of the New York City sale's reception, helped municipal futures rebound from early lows, but the spread between the contract and Tbond futures continued to grow more negative.@@@@1@38@@oe@2-2-2013
20400079@unknown@formal@none@1@S@The MOB spread, or difference between the municipal and T-bond futures contracts, has been near all-time lows in recent trading, driven basically by concerns that new-issue supply would overwhelm demand.@@@@1@30@@oe@2-2-2013
20400080@unknown@formal@none@1@S@December municipal futures ended up 11/32 point to 92-14, having pulled off a morning low of 91-23 as cash municipals rebounded.@@@@1@21@@oe@2-2-2013
20400081@unknown@formal@none@1@S@But front month T-bond futures settled the afternoon session up a slightly greater 13/32 at 99-04.@@@@1@16@@oe@2-2-2013
20400082@unknown@formal@none@1@S@Foreign Bonds@@@@1@2@@oe@2-2-2013
20400083@unknown@formal@none@1@S@British government bonds ended moderately higher, encouraged by a steadier pound and a rise in British stocks.@@@@1@17@@oe@2-2-2013
20400084@unknown@formal@none@1@S@The benchmark 11 3/4% bond due 2003/2007 rose 10/32 to 111 14/32 to yield 10.14%, while the Treasury's 12% notes due 1995 rose 7/32 to 103 5/8 to yield 11.04%.@@@@1@30@@oe@2-2-2013
20400085@unknown@formal@none@1@S@West German government bonds fell as much as 0.60 point in light, nervous trading.@@@@1@14@@oe@2-2-2013
20400086@unknown@formal@none@1@S@The 7% Treasury bond due October 1999 ended off 0.60 point to 99.35 to yield 7.09%, while the 6 3/4% notes due 1994 fell 0.35 point to 97.25 to yield 7.45%.@@@@1@31@@oe@2-2-2013
20400087@unknown@formal@none@1@S@Japanese government bonds continued to erode as the dollar remained resilient against the yen.@@@@1@14@@oe@2-2-2013
20400088@unknown@formal@none@1@S@Japan's No. 111 4.6% bond due 1998 ended the day on brokers screens at 95.11 to yield 5.43%.@@@@1@18@@oe@2-2-2013
20401001@unknown@formal@none@1@S@So-called cross-border acquisitions totaled $23.1 billion in the second quarter, down from $33.6 billion a year earlier, according to the accounting firm KPMG Peat Marwick.@@@@1@25@@oe@2-2-2013
20401002@unknown@formal@none@1@S@In a cross-border transaction, the buyer is in a different region of the globe from the target.@@@@1@17@@oe@2-2-2013
20401003@unknown@formal@none@1@S@Such transactions numbered 670 in the second quarter, up from 527 a year earlier.@@@@1@14@@oe@2-2-2013
20401004@unknown@formal@none@1@S@However, the total value declined for deals of $100 million and up.@@@@1@12@@oe@2-2-2013
20401005@unknown@formal@none@1@S@The downturn in total value may be only temporary, suggested Herb Adler, a KPMG Peat Marwick partner.@@@@1@17@@oe@2-2-2013
20401006@unknown@formal@none@1@S@He explained, in part, that restructuring to prepare for the Common Market expansion due in 1992 "has become more of a strategic priority, both for companies inside and outside the European Community."@@@@1@32@@oe@2-2-2013
20401007@unknown@formal@none@1@S@In the second quarter, middle-market cross-border transactions -- deals under $100 million each -- numbered 619 and totaled $6 billion, compared with 478 such transactions totaling $4.9 billion a year earlier, the firm said.@@@@1@34@@oe@2-2-2013
20401008@unknown@formal@none@1@S@Large cross-border deals numbered 51 and totaled $17.1 billion in the second quarter, the firm added.@@@@1@16@@oe@2-2-2013
20401009@unknown@formal@none@1@S@That compared with 49 such transactions totaling $28.7 billion as year earlier.@@@@1@12@@oe@2-2-2013
20402001@unknown@formal@none@1@S@Rymer Foods Inc. said its board authorized the purchase of as many as 500,000 of its common stock purchase warrants at a price of $4 a warrant.@@@@1@27@@oe@2-2-2013
20402002@unknown@formal@none@1@S@The food company, which has 720,000 warrants and about 2.9 million common shares outstanding, said it may increase the offer to purchase any or all warrants that are properly tendered.@@@@1@30@@oe@2-2-2013
20402003@unknown@formal@none@1@S@A warrant permits a holder to acquire one share of common stock for $17.50 a share.@@@@1@16@@oe@2-2-2013
20402004@unknown@formal@none@1@S@The warrants expire on Oct. 15, 1992, and may be called by the company at a price of $5.25.@@@@1@19@@oe@2-2-2013
20402005@unknown@formal@none@1@S@The offer is scheduled to expire on Nov. 28, unless extended.@@@@1@11@@oe@2-2-2013
20402006@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Rymer closed yesterday at $10.875, down 12.5 cents.@@@@1@15@@oe@2-2-2013
20403001@unknown@formal@none@1@S@Seasonal Stackup@@@@1@2@@oe@2-2-2013
20403002@unknown@formal@none@1@S@Air-traffic problems, though often quite grim, This time of year leave us in stitches, When we notice around our airport A holding pattern for witches.@@@@1@25@@oe@2-2-2013
20403003@unknown@formal@none@1@S@-- Edward F. Dempsey.@@@@1@4@@oe@2-2-2013
20403004@unknown@formal@none@1@S@Double-Jointed@@@@1@1@@oe@2-2-2013
20403005@unknown@formal@none@1@S@"I am beside myself," I've said in moments of heat, Without ever bothering To marvel at the feat.@@@@1@18@@oe@2-2-2013
20403006@unknown@formal@none@1@S@-- Joshua Adams.@@@@1@3@@oe@2-2-2013
20403007@unknown@formal@none@1@S@Humility Helper@@@@1@2@@oe@2-2-2013
20403008@unknown@formal@none@1@S@The ultimate blow to the ego is learning that even your mistakes go unnoticed.@@@@1@14@@oe@2-2-2013
20403009@unknown@formal@none@1@S@-- Ivern Ball.@@@@1@3@@oe@2-2-2013
20404001@unknown@formal@none@1@S@Gen-Probe Inc., a biotechnology concern, said it signed a definitive agreement to be acquired by Chugai Pharmaceutical Co. of Tokyo for about $110 million, or almost double the market price of Gen-Probe's stock.@@@@1@33@@oe@2-2-2013
20404002@unknown@formal@none@1@S@The move is sure to heighten concerns about increased Japanese investment in U.S. biotechnology firms.@@@@1@15@@oe@2-2-2013
20404003@unknown@formal@none@1@S@It is also likely to bolster fears that the Japanese will use their foothold in U.S. biotechnology concerns to gain certain trade and competitive advantages.@@@@1@25@@oe@2-2-2013
20404004@unknown@formal@none@1@S@Gen-Probe, an industry leader in the field of genetic probes, which is a new technology used in diagnostic tests, last year signed an agreement for Chugai to exclusively market its diagnostic products in Japan for infectious diseases and cancer.@@@@1@39@@oe@2-2-2013
20404005@unknown@formal@none@1@S@Chugai agreed then to fund certain associated research and development costs.@@@@1@11@@oe@2-2-2013
20404006@unknown@formal@none@1@S@That arrangement apparently has worked well, and Thomas A. Bologna, president and chief executive officer of Gen-Probe, founded in 1983, said the sale of the company means "we will be able to concentrate on running the business rather than always looking for sources of financing."@@@@1@45@@oe@2-2-2013
20404007@unknown@formal@none@1@S@Chugai agreed to pay $6.25 a share for Gen-Probe's 17.6 million common shares outstanding on a fully diluted basis.@@@@1@19@@oe@2-2-2013
20404008@unknown@formal@none@1@S@Yesterday, in national trading in the over-the-counter market, Gen-Probe common closed at $3.25 a share.@@@@1@15@@oe@2-2-2013
20404009@unknown@formal@none@1@S@Because the U.S. leads in most areas of biotechnology -- largely because of research investment by the U.S. government -- the sale is sure to increase concerns that Japanese companies will buy American know-how and use it to obtain the upper hand in biotechnology trade and competition.@@@@1@47@@oe@2-2-2013
20404010@unknown@formal@none@1@S@"The biotechnology firms may be setting up their own competitors," said Richard Godown, president of the Industrial Biotechnology Association.@@@@1@19@@oe@2-2-2013
20404011@unknown@formal@none@1@S@He added that until now the Japanese have only acquired equity positions in U.S. biotechnology companies.@@@@1@16@@oe@2-2-2013
20404012@unknown@formal@none@1@S@"They are piggybacking onto developed technology," he said.@@@@1@8@@oe@2-2-2013
20404013@unknown@formal@none@1@S@During the past five years, Japanese concerns have invested in several of the U.S.'s 431 independent biotechnology companies.@@@@1@18@@oe@2-2-2013
20404014@unknown@formal@none@1@S@Chugai has been one of the most active Japanese players in U.S. biotechnology companies; it has an equity investment in Genetics Institute Inc., Cambridge, Mass., and a joint-venture agreement with Upjohn Co., Kalamazoo, Mich.@@@@1@34@@oe@2-2-2013
20404015@unknown@formal@none@1@S@The Japanese government, Mr. Godown said, has stated that it wants 10% to 11% of its gross national product to come from biotechnology products.@@@@1@24@@oe@2-2-2013
20404016@unknown@formal@none@1@S@"It is becoming more of a horse race every day between the U.S. and Japan," he said, adding that some fear that as with the semiconductor, electronics, and automobile industries, Japanese companies will use U.S.-developed technology to gain trade advantages.@@@@1@40@@oe@2-2-2013
20404017@unknown@formal@none@1@S@Mr. Bologna said the sale would allow Gen-Probe to speed up the development of new technology, and to more quickly apply existing technology to an array of diagnostic products the company wants to offer.@@@@1@34@@oe@2-2-2013
20404018@unknown@formal@none@1@S@By 1988, when only 10 genetic probe-based tests of diagnostic infectious diseases of humans had been approved for marketing by the Food and Drug Administration, eight of them had been developed and sold by Gen-Probe.@@@@1@35@@oe@2-2-2013
20404019@unknown@formal@none@1@S@Osamu Nagayama, deputy president of Chugai, which spends about 15% of its sales on research and development, was unable to pinpoint how much money Chugai would pump into Gen-Probe.@@@@1@29@@oe@2-2-2013
20404020@unknown@formal@none@1@S@"We think Gen-Probe has technology important to people's health," he said, adding: "We think it is important for us to have such technology."@@@@1@23@@oe@2-2-2013
20404021@unknown@formal@none@1@S@He and Mr. Bologna emphasized that both companies would gain technological knowledge through the sale of Gen-Probe, which will expand "significantly" as a result of the acquisition.@@@@1@27@@oe@2-2-2013
20404022@unknown@formal@none@1@S@In 1988, Chugai had net income of $60 million on revenue of $991 million.@@@@1@14@@oe@2-2-2013
20404023@unknown@formal@none@1@S@GenProbe had a net loss of $9.5 million on revenue of $5.8 million.@@@@1@13@@oe@2-2-2013
20404024@unknown@formal@none@1@S@Recently, Gen-Probe received a broad U.S. patent for a technology that helps detect, identify and quantify non-viral organisms through the targeting of a form of genetic material called ribosomal RNA.@@@@1@30@@oe@2-2-2013
20404025@unknown@formal@none@1@S@Among other things, Mr. Bologna said that the sale will facilitate Gen-Probe's marketing of a diagnostic test for acquired immune deficiency syndrome, or AIDS.@@@@1@24@@oe@2-2-2013
20404026@unknown@formal@none@1@S@Chugai also will help Gen-Probe with its regulatory and marketing expertise in Asia, Mr. Bologna said.@@@@1@16@@oe@2-2-2013
20404027@unknown@formal@none@1@S@The tender offer for Gen-Probe's shares is expected to begin next Monday, the company said.@@@@1@15@@oe@2-2-2013
20405001@unknown@formal@none@1@S@It was supposed to be a routine courtesy call.@@@@1@9@@oe@2-2-2013
20405002@unknown@formal@none@1@S@A half-dozen Soviet space officials, in Tokyo in July for an exhibit, stopped by to see their counterparts at the National Space Development Agency of Japan.@@@@1@26@@oe@2-2-2013
20405003@unknown@formal@none@1@S@But after a few pleasantries, the Soviets unexpectedly got serious.@@@@1@10@@oe@2-2-2013
20405004@unknown@formal@none@1@S@The Soviets have a world-leading space program, the guests noted.@@@@1@10@@oe@2-2-2013
20405005@unknown@formal@none@1@S@Wouldn't the Japanese like a piece of it?@@@@1@8@@oe@2-2-2013
20405006@unknown@formal@none@1@S@The visitors then listed technologies up for sale, including launch services and propulsion hardware.@@@@1@14@@oe@2-2-2013
20405007@unknown@formal@none@1@S@"We were just surprised," says Tad Inada, NASDA's director for international affairs.@@@@1@12@@oe@2-2-2013
20405008@unknown@formal@none@1@S@"Shocked."@@@@1@1@@oe@2-2-2013
20405009@unknown@formal@none@1@S@That Moscow, with its dilapidated economic machine, would try to sell high technology to Japan, one of the world's high-tech leaders, sounds like a coals-to-Newcastle notion.@@@@1@26@@oe@2-2-2013
20405010@unknown@formal@none@1@S@But "the Soviet Union has areas where it isn't behind Japan," says Mikhail Shapovalov of the Soviet Ministry of Foreign Economic Relations.@@@@1@22@@oe@2-2-2013
20405011@unknown@formal@none@1@S@"We have obtained through the development of Cosmos {the Soviet space program} technologies you don't see anywhere else."@@@@1@18@@oe@2-2-2013
20405012@unknown@formal@none@1@S@The sales pitch mightn't be as farfetched as it seems.@@@@1@10@@oe@2-2-2013
20405013@unknown@formal@none@1@S@Japan-U.S. trade relations are bumpy these days, and some Japanese favor decreasing their reliance on U.S. technology in light of the FSX fighter-plane flap, when U.S. officials reversed an earlier decision and refused to share certain crucial fighter-plane technology.@@@@1@39@@oe@2-2-2013
20405014@unknown@formal@none@1@S@And, despite its image as a technology superpower, Japan has a lot of weaknesses.@@@@1@14@@oe@2-2-2013
20405015@unknown@formal@none@1@S@It's a world leader in semiconductors, but behind the U.S. in making the computers that use those chips.@@@@1@18@@oe@2-2-2013
20405016@unknown@formal@none@1@S@It's a world leader in auto manufacturing, but its aviation industry is struggling, and its space program is years behind the U.S., the Europeans and the Soviets.@@@@1@27@@oe@2-2-2013
20405017@unknown@formal@none@1@S@One question being debated in the Soviet Union is how to use the defense sector's research-and-production expertise in the rest of the economy.@@@@1@23@@oe@2-2-2013
20405018@unknown@formal@none@1@S@Many plants that used to make military equipment are now being ordered to produce televisions, videocassette recorders, small tractors and food-processing machinery.@@@@1@22@@oe@2-2-2013
20405019@unknown@formal@none@1@S@The Soviets also hope to make better use of their considerable expertise in theoretical science, which has helped them win twice as many Nobel science prizes as the Japanese.@@@@1@29@@oe@2-2-2013
20405020@unknown@formal@none@1@S@Where they lag behind the Japanese is in turning the scientific inventiveness into improved production.@@@@1@15@@oe@2-2-2013
20405021@unknown@formal@none@1@S@By contrast, the Japanese have proved adept at making use of Soviet inventions.@@@@1@13@@oe@2-2-2013
20405022@unknown@formal@none@1@S@Kobe Steel Ltd. adopted Soviet casting technology in 1966 and used it for 14 years until it developed its own system.@@@@1@21@@oe@2-2-2013
20405023@unknown@formal@none@1@S@Kawasaki Steel Corp. bought a Soviet steel-casting patent two years ago and has jointly developed the system with the Soviets.@@@@1@20@@oe@2-2-2013
20405024@unknown@formal@none@1@S@In 1991, the Soviets will take a Japanese journalist into space, the first Japanese to go into orbit.@@@@1@18@@oe@2-2-2013
20405025@unknown@formal@none@1@S@Soviet efforts to sell their technology abroad don't appear to worry the U.S., Japan's principal ally.@@@@1@16@@oe@2-2-2013
20405026@unknown@formal@none@1@S@"We have never opposed the development of economic relations between our allies and the Soviet Union," says a State Department official.@@@@1@21@@oe@2-2-2013
20405027@unknown@formal@none@1@S@"Frankly, I wouldn't expect the Japanese to get hooked on anybody's technology, least of all the Soviets."@@@@1@17@@oe@2-2-2013
20405028@unknown@formal@none@1@S@Under Mikhail Gorbachev's perestroika, the Soviets have sought economic ties all over the world, including new export markets.@@@@1@18@@oe@2-2-2013
20405029@unknown@formal@none@1@S@They believe technology is one of their best bets, and some Soviet officials say Moscow will even consider declassifying military know-how if the price is right.@@@@1@26@@oe@2-2-2013
20405030@unknown@formal@none@1@S@The Soviets held export exhibitions that included high-tech items in New York and West Germany.@@@@1@15@@oe@2-2-2013
20405031@unknown@formal@none@1@S@Last week, a Soviet delegation came to Japan to push more space technologies.@@@@1@13@@oe@2-2-2013
20405032@unknown@formal@none@1@S@Japan is a major target for the Soviets.@@@@1@8@@oe@2-2-2013
20405033@unknown@formal@none@1@S@In August, representatives of Keidanren, Japan's largest business organization, visited Moscow to explore exports and investments that would help the Soviet economy.@@@@1@22@@oe@2-2-2013
20405034@unknown@formal@none@1@S@Out of the blue, the Soviet Chamber of Commerce handed over details on 59 technologies that the Japanese might want to buy.@@@@1@22@@oe@2-2-2013
20405035@unknown@formal@none@1@S@These mainly involved such areas as materials -- advanced soldering machines, for example -- and medical developments derived from experimentation in space, such as artificial blood vessels.@@@@1@27@@oe@2-2-2013
20405036@unknown@formal@none@1@S@A main motive is hard cash.@@@@1@6@@oe@2-2-2013
20405037@unknown@formal@none@1@S@But, while the Soviets can't expect direct technology flow from Japan, they also hope to benefit from Japanese manufacturing expertise.@@@@1@20@@oe@2-2-2013
20405038@unknown@formal@none@1@S@"The Soviet Union has a lot of know-how, but it has been difficult to put that into actual production because of various structural problems in the economy," says Mr. Shapovalov, the Foreign Ministry official.@@@@1@34@@oe@2-2-2013
20405039@unknown@formal@none@1@S@The Soviets are "contemplating a flexible system under which it would be possible to develop {technology} jointly and even to market it jointly," he says.@@@@1@25@@oe@2-2-2013
20405040@unknown@formal@none@1@S@Even if the Japanese find Soviet technology desirable, such discussions would be fraught with political complications.@@@@1@16@@oe@2-2-2013
20405041@unknown@formal@none@1@S@Still stinging from the international backlash over the sale two years ago of sensitive military technology to the Soviets by a subsidiary of Japan's Toshiba Corp., many Japanese are eager to avoid appearing to help the Soviets in any way.@@@@1@40@@oe@2-2-2013
20405042@unknown@formal@none@1@S@Another hurdle concerns Japan's attempts to persuade the Soviet Union to relinquish its post-World War II control of four islands north of Japan.@@@@1@23@@oe@2-2-2013
20405043@unknown@formal@none@1@S@So far, the Soviets have provided only the sketchiest information about their technology and business plans.@@@@1@16@@oe@2-2-2013
20405044@unknown@formal@none@1@S@And what they have shown isn't impressive.@@@@1@7@@oe@2-2-2013
20405045@unknown@formal@none@1@S@"My impression is that there isn't anything which arouses our interest at first glance," says an official from Japan's Ministry of International Trade and Industry.@@@@1@25@@oe@2-2-2013
20405046@unknown@formal@none@1@S@Peter Gumbel in Moscow contributed to this article.@@@@1@8@@oe@2-2-2013
20406001@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
20406002@unknown@formal@none@1@S@MAY 1, 1975, SIGNALED A DISTRESSFUL May Day for securities houses, which were forced to end 183 years of charging fixed commissions.@@@@1@22@@oe@2-2-2013
20406003@unknown@formal@none@1@S@It scared brokers, but most survived.@@@@1@6@@oe@2-2-2013
20406004@unknown@formal@none@1@S@It took effect after seven years of bitter debate between the Securities and Exchange Commission and traders and exchanges.@@@@1@19@@oe@2-2-2013
20406005@unknown@formal@none@1@S@Despite warnings from such leaders as former Federal Reserve Board Chairman William McChesney Martin that unfixed commissions would undo the industry, the SEC in September 1973 said full competition must start May l, 1975.@@@@1@34@@oe@2-2-2013
20406006@unknown@formal@none@1@S@The timing for change was right.@@@@1@6@@oe@2-2-2013
20406007@unknown@formal@none@1@S@Institutions had become active market players in the early 1970s and sought exchange seats to handle their own trades.@@@@1@19@@oe@2-2-2013
20406008@unknown@formal@none@1@S@And the industry was rife with brokers trying to secure big client orders by using kickbacks, gifts, women and junkets.@@@@1@20@@oe@2-2-2013
20406009@unknown@formal@none@1@S@Within three weeks of the 1975 end to fixed rates there were all-out price wars among brokers fighting for institutional business, with rate slashes of 35% to 60% below pre-May 1 levels.@@@@1@32@@oe@2-2-2013
20406010@unknown@formal@none@1@S@Ray Garrett Jr., SEC chairman, said the "breadth and depth of the discounting is more than I expected."@@@@1@18@@oe@2-2-2013
20406011@unknown@formal@none@1@S@Even a federal measure in June allowing houses to add research fees to their commissions didn't stop it.@@@@1@18@@oe@2-2-2013
20406012@unknown@formal@none@1@S@Longer term, the impact is unclear.@@@@1@6@@oe@2-2-2013
20406013@unknown@formal@none@1@S@The change prompted the rise of discount brokers and a reduction in securities research firms.@@@@1@15@@oe@2-2-2013
20406014@unknown@formal@none@1@S@But there are currently more exchange members than in 1975, with the bigger houses gaining a larger share of total commissions.@@@@1@21@@oe@2-2-2013
20406015@unknown@formal@none@1@S@Commissions, however, account for a smaller share of investment-house business as takeover advisory fees have soared.@@@@1@16@@oe@2-2-2013
20406016@unknown@formal@none@1@S@Foreign stock markets, with which the U.S. is entwined, also have ended fixed commissions in recent years.@@@@1@17@@oe@2-2-2013
20406017@unknown@formal@none@1@S@It came in London's "Big Bang" 1986 deregulation; and Toronto's "Little Bang" the same year.@@@@1@15@@oe@2-2-2013
20406018@unknown@formal@none@1@S@Paris is currently phasing out fixed commissions under its "Le Petit Bang" plan.@@@@1@13@@oe@2-2-2013
20407001@unknown@formal@none@1@S@President Bush said that three members of his cabinet will lead a presidential mission to Poland to gauge how the U.S. can help the new non-Communist government's economic changes.@@@@1@29@@oe@2-2-2013
20407002@unknown@formal@none@1@S@Mr. Bush announced several weeks ago that he intended to send such a mission, composed of top government aides and business and labor leaders.@@@@1@24@@oe@2-2-2013
20407003@unknown@formal@none@1@S@The mission will visit Poland from Nov. 29 to Dec. 2, the White House said.@@@@1@15@@oe@2-2-2013
20407004@unknown@formal@none@1@S@In remarks at a White House ceremony marking Polish Heritage Month, Mr. Bush announced that Agriculture Secretary Clayton Yeutter, Commerce Secretary Robert Mosbacher and Labor Secretary Elizabeth Dole will lead the U.S. group.@@@@1@33@@oe@2-2-2013
20407005@unknown@formal@none@1@S@Michael Boskin, chairman of the Council of Economic Advisers, also will be a member.@@@@1@14@@oe@2-2-2013
20407006@unknown@formal@none@1@S@In addition, the White House said that Charles Harper, chairman of ConAgra Inc., and John McGillicuddy, chairman of Manufacturers Hanover Corp., will be among a group of at least 15 business and labor representatives in the presidential mission.@@@@1@38@@oe@2-2-2013
20407007@unknown@formal@none@1@S@Mr. Bush said the group is to "focus on economic sectors where U.S. expertise and cooperation can indeed make a difference."@@@@1@21@@oe@2-2-2013
20407008@unknown@formal@none@1@S@Mr. Bush has asked Congress to provide more than $400 million in economic aid and food grants for Poland's new government, but has been chided by Democrats for failing to do more.@@@@1@32@@oe@2-2-2013
20408001@unknown@formal@none@1@S@Warner Communications Inc. is close to an agreement to back a new recorded music and music publishing company in partnership with Irving Azoff, who resigned in September as head of MCA Inc.'s MCA Records unit.@@@@1@35@@oe@2-2-2013
20408002@unknown@formal@none@1@S@Warner and Mr. Azoff declined comment, as did MCA, where Mr. Azoff had also been discussing such a venture.@@@@1@19@@oe@2-2-2013
20408003@unknown@formal@none@1@S@But record industry executives familiar with the talks said Mr. Azoff and Warner came to an agreement yesterday to form a 50-50 joint-venture company funded by Warner and run by Mr. Azoff.@@@@1@32@@oe@2-2-2013
20408004@unknown@formal@none@1@S@Among other things, they said, Mr. Azoff would develop musical acts for a new record label.@@@@1@16@@oe@2-2-2013
20408005@unknown@formal@none@1@S@The agreement is said to be similar to Warner's 50-50 partnership with record and movie producer David Geffen, whose films and records are distributed by the Warner Bros. studio and the Warner records unit.@@@@1@34@@oe@2-2-2013
20408006@unknown@formal@none@1@S@Although Mr. Azoff won't produce films at first, it is possible that he could do so later, the sources said.@@@@1@20@@oe@2-2-2013
20408007@unknown@formal@none@1@S@Like Mr. Geffen's arrangement, the venture gives Mr. Azoff a link to the world's largest and most successful record distributor; in the U.S. alone, Warner has a 40% share of the market, about double its nearest competitor, Sony Corp.'s CBS Records.@@@@1@41@@oe@2-2-2013
20408008@unknown@formal@none@1@S@For Warner, meanwhile, it gives the company a second young partner with a finger on the pulse of the hottest trends in the music business.@@@@1@25@@oe@2-2-2013
20408009@unknown@formal@none@1@S@The 41-year-old Mr. Azoff, a former rock 'n' roll manager, is credited with turning around MCA's once-moribund music division in his six years at the company.@@@@1@26@@oe@2-2-2013
20408010@unknown@formal@none@1@S@But Mr. Azoff had been negotiating for more than a year to get out of his MCA contract, which expired in 1991.@@@@1@22@@oe@2-2-2013
20408011@unknown@formal@none@1@S@Mr. Azoff reportedly was bored and frequently clashed with top MCA management over a number of issues such as compensation and business plans.@@@@1@23@@oe@2-2-2013
20408012@unknown@formal@none@1@S@Mr. Azoff also was eager to return to a more entrepreneurial role in which he had a big financial stake in his own efforts.@@@@1@24@@oe@2-2-2013
20408013@unknown@formal@none@1@S@In an interview at the time of his resignation from MCA, he said: "I'd rather build a company than run one.@@@@1@21@@oe@2-2-2013
20409001@unknown@formal@none@1@S@Part of a Series}@@@@1@4@@oe@2-2-2013
20409002@unknown@formal@none@1@S@Tom Panelli had a perfectly good reason for not using the $300 rowing machine he bought three years ago.@@@@1@19@@oe@2-2-2013
20409003@unknown@formal@none@1@S@"I ate a bad tuna sandwich, got food poisoning and had to have a shot in my shoulder," he says, making it too painful to row.@@@@1@26@@oe@2-2-2013
20409004@unknown@formal@none@1@S@The soreness, he admits, went away about a week after the shot.@@@@1@12@@oe@2-2-2013
20409005@unknown@formal@none@1@S@Yet the rowing machine hasn't been touched since, even though he has moved it across the country with him twice.@@@@1@20@@oe@2-2-2013
20409006@unknown@formal@none@1@S@A San Francisco lawyer, Mr. Panelli rowed religiously when he first got the machine, but, he complains, it left grease marks on his carpet, "and it was boring.@@@@1@28@@oe@2-2-2013
20409007@unknown@formal@none@1@S@It's a horrible machine, actually.@@@@1@5@@oe@2-2-2013
20409008@unknown@formal@none@1@S@I'm ashamed I own the stupid thing."@@@@1@7@@oe@2-2-2013
20409009@unknown@formal@none@1@S@Mr. Panelli has plenty of company.@@@@1@6@@oe@2-2-2013
20409010@unknown@formal@none@1@S@Nearly three-fourths of the people who own home exercise equipment don't use it as much as they planned, according to The Wall Street Journal's "American Way of Buying" survey.@@@@1@29@@oe@2-2-2013
20409011@unknown@formal@none@1@S@The Roper Organization, which conducted the survey, said almost half of the exercise equipment owners found it duller than they expected.@@@@1@21@@oe@2-2-2013
20409012@unknown@formal@none@1@S@It isn't just exercise gear that isn't getting a good workout.@@@@1@11@@oe@2-2-2013
20409013@unknown@formal@none@1@S@The fitness craze itself has gone soft, the survey found.@@@@1@10@@oe@2-2-2013
20409014@unknown@formal@none@1@S@Fewer people said they were working up a sweat with such activities as jogging, tennis, swimming and aerobics.@@@@1@18@@oe@2-2-2013
20409015@unknown@formal@none@1@S@Half of those surveyed said they simply walk these days for exercise.@@@@1@12@@oe@2-2-2013
20409016@unknown@formal@none@1@S@That's good news for marketers of walking shoes.@@@@1@8@@oe@2-2-2013
20409017@unknown@formal@none@1@S@The survey also detected a bit more interest in golf, a positive sign for country clubs and golf club makers.@@@@1@20@@oe@2-2-2013
20409018@unknown@formal@none@1@S@The survey's findings certainly aren't encouraging for marketers of health-club memberships, tennis rackets and home exercise equipment, but people's good intentions, if not their actions, are keeping sales of some fitness products healthy.@@@@1@33@@oe@2-2-2013
20409019@unknown@formal@none@1@S@For instance, sales of treadmills, exercise bikes, stair climbers and the like are expected to rise 8% to about $1.52 billion this year, according to the National Sporting Goods Association, which sees the home market as one of the hottest growth areas for the 1990s.@@@@1@45@@oe@2-2-2013
20409020@unknown@formal@none@1@S@But even that group knows some people don't use their machines as much as they should.@@@@1@16@@oe@2-2-2013
20409021@unknown@formal@none@1@S@"The first excuse is they don't have enough time," says research director Thomas Doyle.@@@@1@14@@oe@2-2-2013
20409022@unknown@formal@none@1@S@"The second is they don't have enough discipline."@@@@1@8@@oe@2-2-2013
20409023@unknown@formal@none@1@S@With more than 15 million exercise bikes sold in the past five years, he adds, "a lot of garages, basements and attics must be populated with them."@@@@1@27@@oe@2-2-2013
20409024@unknown@formal@none@1@S@Still, the average price of such bikes rose last year to $145.@@@@1@12@@oe@2-2-2013
20409025@unknown@formal@none@1@S@Mr. Doyle predicts a trend toward fewer pieces of home exercise equipment being sold at higher prices.@@@@1@17@@oe@2-2-2013
20409026@unknown@formal@none@1@S@Electronic gimmicks are key.@@@@1@4@@oe@2-2-2013
20409027@unknown@formal@none@1@S@Premark International Inc., for example, peddles the M8.7sp Electronic Cycling Simulator, a $2,000 stationary cycle.@@@@1@15@@oe@2-2-2013
20409028@unknown@formal@none@1@S@On a video screen, riders can see 30 different "rides," including urban, mountain and desert scenes, and check how many calories are burned a minute.@@@@1@25@@oe@2-2-2013
20409029@unknown@formal@none@1@S@Nancy Igdaloff, who works in corporate payments at Bank of America in San Francisco, may be a good prospect for such a gizmo.@@@@1@23@@oe@2-2-2013
20409030@unknown@formal@none@1@S@She's trying to sell a $150 exercise bike she bought about five years ago for her roommate.@@@@1@17@@oe@2-2-2013
20409031@unknown@formal@none@1@S@But rather than write off home fitness equipment, she traded up: Ms. Igdaloff just paid about $900 for a fancier stationary bike, with a timer, dials showing average and maximum speeds and a comfortable seat that feels almost like a chair.@@@@1@41@@oe@2-2-2013
20409032@unknown@formal@none@1@S@"I'm using it a lot," she says.@@@@1@7@@oe@2-2-2013
20409033@unknown@formal@none@1@S@"I spent so much money that if I look at it, and I'm not on it, I feel guilty."@@@@1@19@@oe@2-2-2013
20409034@unknown@formal@none@1@S@The poll points up some inconsistencies between what people say and what they do.@@@@1@14@@oe@2-2-2013
20409035@unknown@formal@none@1@S@A surprising 78% of people said they exercise regularly, up from 73% in 1981.@@@@1@14@@oe@2-2-2013
20409036@unknown@formal@none@1@S@This conjures up images of a nation full of trim, muscular folks, and suggests couch potatoes are out of season.@@@@1@20@@oe@2-2-2013
20409037@unknown@formal@none@1@S@Of course, that isn't really the case.@@@@1@7@@oe@2-2-2013
20409038@unknown@formal@none@1@S@The discrepancy may be because asking people about their fitness regime is a bit like inquiring about their love life.@@@@1@20@@oe@2-2-2013
20409039@unknown@formal@none@1@S@They're bound to exaggerate.@@@@1@4@@oe@2-2-2013
20409040@unknown@formal@none@1@S@"People say they swim, and that may mean they've been to the beach this year," says Krys Spain, research specialist for the President's Council on Physical Fitness and Sports.@@@@1@29@@oe@2-2-2013
20409041@unknown@formal@none@1@S@"It's hard to know if people are responding truthfully.@@@@1@9@@oe@2-2-2013
20409042@unknown@formal@none@1@S@People are too embarrassed to say they haven't done anything."@@@@1@10@@oe@2-2-2013
20409043@unknown@formal@none@1@S@While she applauds the fact that more Americans are getting up from the television to stroll or garden, she says the percentage of Americans who do "real exercise to build the heart" is only 10% to 20%.@@@@1@37@@oe@2-2-2013
20409044@unknown@formal@none@1@S@So many people fudge on answers about exercise, the president's council now uses specific criteria to determine what is considered vigorous: It must produce contractions of large muscle groups, must achieve 60% of maximum aerobic capacity and must be done three or more times a week for a minimum of 20 minutes.@@@@1@52@@oe@2-2-2013
20409045@unknown@formal@none@1@S@One of the council's goals, set in 1980, was to see more than 60% of adults under 65 years of age getting vigorous exercise by 1990.@@@@1@26@@oe@2-2-2013
20409046@unknown@formal@none@1@S@That target has been revised to 30% by the year 2000.@@@@1@11@@oe@2-2-2013
20409047@unknown@formal@none@1@S@But even that goal may prove optimistic.@@@@1@7@@oe@2-2-2013
20409048@unknown@formal@none@1@S@Of 14 activities, the Journal survey found that 12 -- including bicycling, skiing and swimming -- are being done by fewer Americans today than eight years ago.@@@@1@27@@oe@2-2-2013
20409049@unknown@formal@none@1@S@Time pressures and the ebb of the fitness fad are cited as reasons for the decline.@@@@1@16@@oe@2-2-2013
20409050@unknown@formal@none@1@S@Only walking and golf increased in popularity during the 1980s -- and only slightly.@@@@1@14@@oe@2-2-2013
20409051@unknown@formal@none@1@S@Jeanette Traverso, a California lawyer, gave up running three times a week to play a weekly round of golf, finding it more social and serene.@@@@1@25@@oe@2-2-2013
20409052@unknown@formal@none@1@S@It's an activity she feels she can do for life, and by pulling a golf cart, she still gets a good workout.@@@@1@22@@oe@2-2-2013
20409053@unknown@formal@none@1@S@"I'm really wiped out after walking five hours," she says.@@@@1@10@@oe@2-2-2013
20409054@unknown@formal@none@1@S@Most people said they exercise both for health and enjoyment.@@@@1@10@@oe@2-2-2013
20409055@unknown@formal@none@1@S@"If you sit down all the time, you'll go stiff," says Joyce Hagood, a Roxboro, N.C., homemaker who walks several miles a week.@@@@1@23@@oe@2-2-2013
20409056@unknown@formal@none@1@S@"And it's relaxing.@@@@1@3@@oe@2-2-2013
20409057@unknown@formal@none@1@S@Sometimes, if you have a headache, you can go out and walk it right off."@@@@1@15@@oe@2-2-2013
20409058@unknown@formal@none@1@S@Only about a quarter of the respondents said they exercise to lose weight.@@@@1@13@@oe@2-2-2013
20409059@unknown@formal@none@1@S@Slightly more, like Leslie Sherren, a law librarian in San Francisco who attends dance aerobics five times a week, exercise to relieve stress.@@@@1@23@@oe@2-2-2013
20409060@unknown@formal@none@1@S@"Working with lawyers," she says, "I need it."@@@@1@8@@oe@2-2-2013
20409061@unknown@formal@none@1@S@But fully 90% of those polled felt they didn't need to belong to a health club.@@@@1@16@@oe@2-2-2013
20409062@unknown@formal@none@1@S@"They're too crowded, and everybody's showing off," says Joel Bryant, a 22-year-old student from Pasadena, Calif.@@@@1@16@@oe@2-2-2013
20409063@unknown@formal@none@1@S@"The guys are being macho, and the girls are walking around in little things.@@@@1@14@@oe@2-2-2013
20409064@unknown@formal@none@1@S@They're not there to work out."@@@@1@6@@oe@2-2-2013
20409065@unknown@formal@none@1@S@But at least they show up.@@@@1@6@@oe@2-2-2013
20409066@unknown@formal@none@1@S@Nearly half of those who joined health clubs said they didn't use their membership as often as they planned.@@@@1@19@@oe@2-2-2013
20409067@unknown@formal@none@1@S@Feeling they should devote more time to their families or their jobs, many yuppies are skipping their once-sacred workout.@@@@1@19@@oe@2-2-2013
20409068@unknown@formal@none@1@S@Even so, the Association of Quality Clubs, a health-club trade group in Boston, says membership revenues will rise about 5% this year from last year's $5 billion.@@@@1@27@@oe@2-2-2013
20409069@unknown@formal@none@1@S@A spokeswoman adds, however, that the group is considering offering "a behavior-modification course, similar to a smoking-cessation program, to teach people ways to stay with it."@@@@1@26@@oe@2-2-2013
20409070@unknown@formal@none@1@S@There are die-hard bodies, of course.@@@@1@6@@oe@2-2-2013
20409071@unknown@formal@none@1@S@The proprietor of Sante West, an aerobics studio in San Francisco's Marina district, which was hit hard by the earthquake, says, "People were going nuts the minute we opened," three days after the quake.@@@@1@34@@oe@2-2-2013
20409072@unknown@formal@none@1@S@"The emotional aspect is so draining, they needed a good workout."@@@@1@11@@oe@2-2-2013
20409073@unknown@formal@none@1@S@Perhaps the most disturbing finding is that the bowling alley may be an endangered American institution.@@@@1@16@@oe@2-2-2013
20409074@unknown@formal@none@1@S@The survey reported the number of people who said they bowl regularly has fallen to just 8% from 17% in 1981.@@@@1@21@@oe@2-2-2013
20409075@unknown@formal@none@1@S@The American Bowling Congress claims a higher percentage of the public bowls regularly, but concedes its membership has declined this decade.@@@@1@21@@oe@2-2-2013
20409076@unknown@formal@none@1@S@To find out why, the group recently commissioned a study of the past 20 years of bowling-related research.@@@@1@18@@oe@2-2-2013
20409077@unknown@formal@none@1@S@Three reasons were pinpointed: a preference for watching bowling and other sports on television rather than actually bowling, dowdy bowling centers, and dissatisfaction with bowling itself.@@@@1@26@@oe@2-2-2013
20409078@unknown@formal@none@1@S@People who start bowling expecting it to be a pleasurable exercise "have been generally disappointed," the report said.@@@@1@18@@oe@2-2-2013
20409079@unknown@formal@none@1@S@But not Richard Cottrell, a San Francisco cab driver who bowls in two weekly leagues.@@@@1@15@@oe@2-2-2013
20409080@unknown@formal@none@1@S@He hit the lanes three years ago on the advice of his doctor.@@@@1@13@@oe@2-2-2013
20409081@unknown@formal@none@1@S@"It's good exercise," he says.@@@@1@5@@oe@2-2-2013
20409082@unknown@formal@none@1@S@"I can't do anything score-wise, but I like meeting the girls."@@@@1@11@@oe@2-2-2013
20409083@unknown@formal@none@1@S@He says bowling helps him shed pounds, though that effort is sometimes thwarted by the fact that "when I'm drinking, I bowl better."@@@@1@23@@oe@2-2-2013
20409084@unknown@formal@none@1@S@His Tuesday night team, the Leftovers, is in first place.@@@@1@10@@oe@2-2-2013
20410001@unknown@formal@none@1@S@WPP GROUP'S Ogilvy & Mather expects profit margins to improve to 11.5% in 1990 in the U.S.@@@@1@17@@oe@2-2-2013
20410002@unknown@formal@none@1@S@Yesterday's edition didn't specify where the improvement would take place.@@@@1@10@@oe@2-2-2013
20411001@unknown@formal@none@1@S@Concerning your Sept. 29 article "Retailers Face Cutbacks, Uncertain Future": The outcome of our leveraged buyout is looking very positive.@@@@1@20@@oe@2-2-2013
20411002@unknown@formal@none@1@S@Unlike most of the other retailers mentioned in the story, Jos. A. Bank Clothiers Inc. is not in serious financial problems.@@@@1@21@@oe@2-2-2013
20411003@unknown@formal@none@1@S@We did experience some difficulties with the initial LBO terms and, as your article made clear, successfully restructured our debt earlier this year, something those other retailers have yet to accomplish.@@@@1@31@@oe@2-2-2013
20411004@unknown@formal@none@1@S@Your were on target regarding industry problems, but wide of the mark in portraying the financial health of this company.@@@@1@20@@oe@2-2-2013
20411005@unknown@formal@none@1@S@Chairman and CEO Jos. A. Bank Clothiers Inc. Owings Mills, Md.@@@@1@11@@oe@2-2-2013
20412001@unknown@formal@none@1@S@Private housing starts in Japan were unchanged in September from a year earlier at 144,610 units, the Construction Ministry said.@@@@1@20@@oe@2-2-2013
20412002@unknown@formal@none@1@S@The flat report followed a four-month string of declines.@@@@1@9@@oe@2-2-2013
20412003@unknown@formal@none@1@S@The down trend was partly the result of tighter credit sparked by a discount rate increase by the Bank of Japan in May.@@@@1@23@@oe@2-2-2013
20412004@unknown@formal@none@1@S@The central bank also unexpectedly raised the base rate by half a percentage point to 3.75% Oct. 11 as part of an inflation-fighting move that indirectly increases interest rates charged on new home construction loans.@@@@1@35@@oe@2-2-2013
20413001@unknown@formal@none@1@S@If there's somethin' strange in your neighborhood . . .@@@@1@10@@oe@2-2-2013
20413002@unknown@formal@none@1@S@If there's something' weird and it don't look good.@@@@1@9@@oe@2-2-2013
20413003@unknown@formal@none@1@S@Who ya gonna call?@@@@1@4@@oe@2-2-2013
20413004@unknown@formal@none@1@S@For starters, some people call Ed and Lorraine Warren.@@@@1@9@@oe@2-2-2013
20413005@unknown@formal@none@1@S@When it comes to busting ghosts, the Monroe, Conn., couple are perfect demons.@@@@1@13@@oe@2-2-2013
20413006@unknown@formal@none@1@S@They claim to have busted spirits, poltergeists and other spooks in hundreds of houses around the country.@@@@1@17@@oe@2-2-2013
20413007@unknown@formal@none@1@S@They say they now get three or four "legitimate" calls a week from people harried by haunts.@@@@1@17@@oe@2-2-2013
20413008@unknown@formal@none@1@S@"I firmly believe in angels, devils and ghosts," says Mr. Warren, whose business card identifies him as a "demonologist."@@@@1@19@@oe@2-2-2013
20413009@unknown@formal@none@1@S@If psychics don't work, but your house still seems haunted, you can call any one of a swelling band of skeptics such as Richard Busch.@@@@1@25@@oe@2-2-2013
20413010@unknown@formal@none@1@S@A professional magician and musician, he heads the Pittsburgh branch of the Committee for the Scientific Investigation of the Paranormal.@@@@1@20@@oe@2-2-2013
20413011@unknown@formal@none@1@S@Mr. Busch says there is a scientific explanation for all haunts, and he can even tell you how to encourage the spirits.@@@@1@22@@oe@2-2-2013
20413012@unknown@formal@none@1@S@"All you have to do is eat a big pizza, and then go to bed," he says.@@@@1@17@@oe@2-2-2013
20413013@unknown@formal@none@1@S@"You'll have weird dreams, too."@@@@1@5@@oe@2-2-2013
20413014@unknown@formal@none@1@S@Either way, the ghostbusting business is going like gangbusters.@@@@1@9@@oe@2-2-2013
20413015@unknown@formal@none@1@S@Tales of haunts and horrors are proliferating beyond the nation's Elm Streets and Amityvilles.@@@@1@14@@oe@2-2-2013
20413016@unknown@formal@none@1@S@"I get calls nearly every day from people who have ghosts in their house," says Raymond Hyman, a skeptical psychology professor at the University of Oregon.@@@@1@26@@oe@2-2-2013
20413017@unknown@formal@none@1@S@In a public opinion poll published in the October issue of Parents Magazine, a third of those queried said they believe that ghosts or spirits make themselves known to people.@@@@1@30@@oe@2-2-2013
20413018@unknown@formal@none@1@S@"The movies, the books, the tabloids -- even Nancy Reagan is boosting this stuff," says Paul Kurtz, a philosophy professor at the State University of New York at Buffalo, who heads the Committee for the Scientific Investigation of the Paranormal.@@@@1@40@@oe@2-2-2013
20413019@unknown@formal@none@1@S@The committee, formed in 1967, now has 60 chapters around the world.@@@@1@12@@oe@2-2-2013
20413020@unknown@formal@none@1@S@The spirits, of course, could hardly care less whether people do or don't believe in them.@@@@1@16@@oe@2-2-2013
20413021@unknown@formal@none@1@S@They don't even give a nod to human sensibilities by celebrating Halloween.@@@@1@12@@oe@2-2-2013
20413022@unknown@formal@none@1@S@For the spooks it's just another day of ectoplasmic business as usual, ghostbusters say; the holiday seems to occasion no unusual number of ghost reports.@@@@1@25@@oe@2-2-2013
20413023@unknown@formal@none@1@S@One of the busiest ghostbusters is Robert Baker, a 68-year-old semi-retired University of Kentucky psychology professor whose bushy gray eyebrows arch at the mere mention of a ghost.@@@@1@28@@oe@2-2-2013
20413024@unknown@formal@none@1@S@Mr. Baker says he has personally bested more than 50 haunts, from aliens to poltergeists.@@@@1@15@@oe@2-2-2013
20413025@unknown@formal@none@1@S@Mr. Baker heads the Kentucky Association of Science Educators and Skeptics.@@@@1@11@@oe@2-2-2013
20413026@unknown@formal@none@1@S@Like Hollywood's Ghostbusters, Kentucky's stand ready to roll when haunts get out of hand.@@@@1@14@@oe@2-2-2013
20413027@unknown@formal@none@1@S@But they don't careen around in an old Cadillac, wear funny suits or blast away at slimy spirits.@@@@1@18@@oe@2-2-2013
20413028@unknown@formal@none@1@S@Mr. Baker drives a 1987 Chevy and usually wears a tweed jacket on his ghostbusting forays.@@@@1@16@@oe@2-2-2013
20413029@unknown@formal@none@1@S@"I've never met a ghost that couldn't be explained away by perfectly natural means," he says.@@@@1@16@@oe@2-2-2013
20413030@unknown@formal@none@1@S@When a Louisville woman complained that a ghost was haunting her attic, Mr. Baker discovered a rat dragging a trap across the rafters.@@@@1@23@@oe@2-2-2013
20413031@unknown@formal@none@1@S@A foul-smelling demon supposedly plagued a house in Mannington, Ky.@@@@1@10@@oe@2-2-2013
20413032@unknown@formal@none@1@S@Mr. Baker found an opening under the house that led to a fume-filled coal mine.@@@@1@15@@oe@2-2-2013
20413033@unknown@formal@none@1@S@When the weather cools, Mr. Baker says, hobos often hole up in abandoned houses.@@@@1@14@@oe@2-2-2013
20413034@unknown@formal@none@1@S@"People see activity in there, and the next thing you know, you've got a haunting," he says.@@@@1@17@@oe@2-2-2013
20413035@unknown@formal@none@1@S@On a recent afternoon, Mr. Baker and a reporter go ghost-busting, visiting Kathleen Stinnett, a Lexington woman who has phoned the University of Kentucky to report mysterious happenings in her house.@@@@1@31@@oe@2-2-2013
20413036@unknown@formal@none@1@S@Mrs. Stinnett says she never believed in ghosts before, but lately her vacuum cleaner turned itself on, a telephone flew off its stand, doors slammed inexplicably, and she heard footsteps in her empty kitchen.@@@@1@34@@oe@2-2-2013
20413037@unknown@formal@none@1@S@"I was doing the laundry and nearly broke my neck running upstairs to see who was there, and it was nobody," she says, eyes wide at the recollection.@@@@1@28@@oe@2-2-2013
20413038@unknown@formal@none@1@S@Mr. Baker hears her out, pokes around a bit, asks a few questions and proposes some explanations.@@@@1@17@@oe@2-2-2013
20413039@unknown@formal@none@1@S@Of the self-starting vacuum cleaner, he says: "Could be Cuddles, {Mrs. Stinnett's dog}."@@@@1@13@@oe@2-2-2013
20413040@unknown@formal@none@1@S@The flying telephone: "You tangle the base cord around a chair leg, and the receiver does seem to fly off."@@@@1@20@@oe@2-2-2013
20413041@unknown@formal@none@1@S@The ghostly footsteps: "Interstate 64 is a block away, and heavy traffic can sure set a house to vibrating."@@@@1@19@@oe@2-2-2013
20413042@unknown@formal@none@1@S@"I'm not sure he's explained everything," Mrs. Stinnett says grudgingly.@@@@1@10@@oe@2-2-2013
20413043@unknown@formal@none@1@S@"There are some things that have gone on here that nobody can explain," she says.@@@@1@15@@oe@2-2-2013
20413044@unknown@formal@none@1@S@Mr. Baker promises to return if the haunting continues.@@@@1@9@@oe@2-2-2013
20413045@unknown@formal@none@1@S@For especially stubborn haunts, Mr. Baker carries a secret weapon, a vial of cornstarch.@@@@1@14@@oe@2-2-2013
20413046@unknown@formal@none@1@S@"I tell people it's the groundup bones of saints," he says.@@@@1@11@@oe@2-2-2013
20413047@unknown@formal@none@1@S@"I sprinkle a little around and tell the demons to leave.@@@@1@11@@oe@2-2-2013
20413048@unknown@formal@none@1@S@It's reassuring, and it usually works."@@@@1@6@@oe@2-2-2013
20413049@unknown@formal@none@1@S@Oregon's Mr. Hyman has investigated claims of flying cats, apparitions and bouncing chandeliers and has come up with a plausible explanation, he says, for every one.@@@@1@26@@oe@2-2-2013
20413050@unknown@formal@none@1@S@"Invariably," he says, "eyewitnesses are untrustworthy."@@@@1@6@@oe@2-2-2013
20413051@unknown@formal@none@1@S@Two years ago, a Canadian reader bet Omni Magazine $1,000 that it couldn't debunk the uncanny goings-on in "the Oregon Vortex," a former Indian burial ground in southern Oregon.@@@@1@29@@oe@2-2-2013
20413052@unknown@formal@none@1@S@To viewers from a distance, visitors to the spot seemed to shrink disproportionately, relative to the background.@@@@1@17@@oe@2-2-2013
20413053@unknown@formal@none@1@S@The magazine called in Mr. Hyman as a consultant.@@@@1@9@@oe@2-2-2013
20413054@unknown@formal@none@1@S@He showed up with a carpenter's level, carefully measured every surface and showed how the apparent shrinkage was caused by the perspective.@@@@1@22@@oe@2-2-2013
20413055@unknown@formal@none@1@S@"A very striking illusion," Mr. Hyman says now, his voice dripping with skepticism, "but an illusion nevertheless."@@@@1@17@@oe@2-2-2013
20413056@unknown@formal@none@1@S@The Canadian wound up writing a check.@@@@1@7@@oe@2-2-2013
20413057@unknown@formal@none@1@S@The Rev. Alphonsus Trabold, a theology professor and exorcism expert at St. Bonaventure University in Olean, N.Y., frequently is asked to exorcise unruly spirits, and he often obliges.@@@@1@28@@oe@2-2-2013
20413058@unknown@formal@none@1@S@"On certain occasions a spirit could be earthbound and make itself known," he says.@@@@1@14@@oe@2-2-2013
20413059@unknown@formal@none@1@S@"It happens."@@@@1@2@@oe@2-2-2013
20413060@unknown@formal@none@1@S@Father Trabold often uses what he calls "a therapeutic exorcism": a few prayers and an admonition to the spirit to leave.@@@@1@21@@oe@2-2-2013
20413061@unknown@formal@none@1@S@"If the person believes there's an evil spirit, you ask it to be gone," he says.@@@@1@16@@oe@2-2-2013
20413062@unknown@formal@none@1@S@"The suggestion itself may do the healing."@@@@1@7@@oe@2-2-2013
20413063@unknown@formal@none@1@S@But sometimes more energetic attacks are required.@@@@1@7@@oe@2-2-2013
20413064@unknown@formal@none@1@S@To wrestle with a demon in a house owned by a Litchfield, Conn., woman, the Warrens recently called in an exorcist, the Rev. Robert McKenna, a dissident clergyman who hews to the Catholic Church's old Latin liturgy.@@@@1@37@@oe@2-2-2013
20413065@unknown@formal@none@1@S@I attend, and so does a television crew from New York City.@@@@1@12@@oe@2-2-2013
20413066@unknown@formal@none@1@S@Mr. Warren pronounces the Litchfield case "your typical demonic infestation."@@@@1@10@@oe@2-2-2013
20413067@unknown@formal@none@1@S@A Scottish dwarf built the small red house 110 years ago and now his demonic ghost haunts it, Mr. Warren says.@@@@1@21@@oe@2-2-2013
20413068@unknown@formal@none@1@S@The owner, who begs anonymity, asserts that the dwarf, appearing as a dark shadow, has manhandled her, tossing her around the living room and yanking out a hank of hair.@@@@1@30@@oe@2-2-2013
20413069@unknown@formal@none@1@S@Two previous exorcisms have failed.@@@@1@5@@oe@2-2-2013
20413070@unknown@formal@none@1@S@"This is a very tenacious ghost," Mr. Warren says darkly.@@@@1@10@@oe@2-2-2013
20413071@unknown@formal@none@1@S@Father McKenna moves through the house praying in Latin, urging the demon to split.@@@@1@14@@oe@2-2-2013
20413072@unknown@formal@none@1@S@Suddenly the woman begins swaying and then writhing.@@@@1@8@@oe@2-2-2013
20413073@unknown@formal@none@1@S@"She's being attacked by the demon," Mrs. Warren stagewhispers as the priest sprinkles holy water over the squirming woman, and the television camera grinds.@@@@1@24@@oe@2-2-2013
20413074@unknown@formal@none@1@S@A half-hour later, the woman is smiling and chatting; the demon seems to have gone.@@@@1@15@@oe@2-2-2013
20413075@unknown@formal@none@1@S@But Mr. Warren says the woman has "psychic burns" on her back from the confrontation.@@@@1@15@@oe@2-2-2013
20413076@unknown@formal@none@1@S@She declines to show them.@@@@1@5@@oe@2-2-2013
20413077@unknown@formal@none@1@S@"This was an invisible, powerful force that's almost impossible for a layman to contemplate," Mr. Warren says solemnly as the ghostbusting entourage packs up to leave.@@@@1@26@@oe@2-2-2013
20413078@unknown@formal@none@1@S@"This time though," he says, "I think we got it."@@@@1@10@@oe@2-2-2013
20413079@unknown@formal@none@1@S@Lyrics from "Ghostbusters" by Ray S. Parker Jr. 1984 by Golden Torch Music Corp. (ASCAP) and Raydiola Music (ASCAP).@@@@1@19@@oe@2-2-2013
20413080@unknown@formal@none@1@S@All administrative rights for the U.S. jointly controlled by both companies.@@@@1@11@@oe@2-2-2013
20413081@unknown@formal@none@1@S@International copyright secured.@@@@1@3@@oe@2-2-2013
20413082@unknown@formal@none@1@S@Made in USA.@@@@1@3@@oe@2-2-2013
20413083@unknown@formal@none@1@S@All rights Reserved.@@@@1@3@@oe@2-2-2013
20413084@unknown@formal@none@1@S@Reprinted by permission.@@@@1@3@@oe@2-2-2013
20414001@unknown@formal@none@1@S@BROKERAGE HIRING languishes amid market turmoil.@@@@1@6@@oe@2-2-2013
20414002@unknown@formal@none@1@S@But survivors earn more.@@@@1@4@@oe@2-2-2013
20414003@unknown@formal@none@1@S@Shearson Lehman Hutton Inc. counts under 39,000 workers, down 100 from the start of the year and off 8,500 from after its merger and the market collapse two years ago.@@@@1@30@@oe@2-2-2013
20414004@unknown@formal@none@1@S@Another major firm has cut 6,000 workers, 13% of its staff, since Black Monday.@@@@1@14@@oe@2-2-2013
20414005@unknown@formal@none@1@S@The Bureau of Labor Statistics says securities firms in New York City alone have slashed 17,000 jobs from the December 1987 peak of 163,000.@@@@1@24@@oe@2-2-2013
20414006@unknown@formal@none@1@S@Average annual earnings of those who have hung on, though, surged to $78,625 last year from $69,553 in 1987.@@@@1@19@@oe@2-2-2013
20414007@unknown@formal@none@1@S@Any hiring is confined to retail sales.@@@@1@7@@oe@2-2-2013
20414008@unknown@formal@none@1@S@Illinois Company Investments had been trimming its ranks until last summer.@@@@1@11@@oe@2-2-2013
20414009@unknown@formal@none@1@S@But then it was acquired by Household International Inc.@@@@1@9@@oe@2-2-2013
20414010@unknown@formal@none@1@S@Now it offers richer commissions to lure a broker a week.@@@@1@11@@oe@2-2-2013
20414011@unknown@formal@none@1@S@Interstate/Johnson Lane Inc. this year adds 70 people -- 60 of them in retail -- to its 1,300-member staff.@@@@1@19@@oe@2-2-2013
20414012@unknown@formal@none@1@S@A.G. Edwards & Sons runs training classes and looks for experienced brokers.@@@@1@12@@oe@2-2-2013
20414013@unknown@formal@none@1@S@"We're always going to hire someone we consider to be a winner," an Edwards official says.@@@@1@16@@oe@2-2-2013
20414014@unknown@formal@none@1@S@SKILLED WORKERS aplenty are available to cope with earthquake damage.@@@@1@10@@oe@2-2-2013
20414015@unknown@formal@none@1@S@"I don't foresee any shortages over the next few months," says Ken Allen, an official of Operating Engineers Local 3 in San Francisco.@@@@1@23@@oe@2-2-2013
20414016@unknown@formal@none@1@S@Ironically, "up until the quake, we desperately tried to fill jobs," especially for crane and bulldozer operators.@@@@1@17@@oe@2-2-2013
20414017@unknown@formal@none@1@S@But the Oct. 17 temblor put a halt to much nonessential building, and heavy rains last week slowed the rest, freeing construction workers for earthquake repairs.@@@@1@26@@oe@2-2-2013
20414018@unknown@formal@none@1@S@The supply of experienced civil engineers, though, is tighter.@@@@1@9@@oe@2-2-2013
20414019@unknown@formal@none@1@S@In recent months, California's Transportation Department has been recruiting in Pennsylvania, Arizona and Texas for engineers experienced in road and bridge design.@@@@1@22@@oe@2-2-2013
20414020@unknown@formal@none@1@S@But, with the state offering only $39,000 a year and California's high standard of living, "there aren't too many to choose from," says Brent Scott, a recruiting officer.@@@@1@28@@oe@2-2-2013
20414021@unknown@formal@none@1@S@He says the department now has 75 openings and wants to hire 625 civil engineers over the next 15 months.@@@@1@20@@oe@2-2-2013
20414022@unknown@formal@none@1@S@THE IRS may taketh what the Labor Department giveth.@@@@1@9@@oe@2-2-2013
20414023@unknown@formal@none@1@S@But stay tuned.@@@@1@3@@oe@2-2-2013
20414024@unknown@formal@none@1@S@Employee-benefit specialists drew a collective sigh of relief in early October when the Labor Department backed away from a proposal that companies let former employees and beneficiaries -- along with active workers -- borrow against balances in 401(k) and similar savings plans.@@@@1@42@@oe@2-2-2013
20414025@unknown@formal@none@1@S@In an advisory letter, the department said that, starting Oct. 18, loans could be limited to "parties in interest," which generally means active workers but also includes retirees who continue as directors and 10% shareholders.@@@@1@35@@oe@2-2-2013
20414026@unknown@formal@none@1@S@Now comes word that IRS regulations being drafted could put companies in violation of the tax code if they make loans to retiree shareholders and directors but don't make them available to other former workers who usually earned less.@@@@1@39@@oe@2-2-2013
20414027@unknown@formal@none@1@S@The IRS says the question won't be settled until the regulations are issued "shortly."@@@@1@14@@oe@2-2-2013
20414028@unknown@formal@none@1@S@But violation could bring substantial tax penalties to both employer and employees.@@@@1@12@@oe@2-2-2013
20414029@unknown@formal@none@1@S@"It's a severe case of regulatory whiplash," complains Henry Saveth of consultant A. Foster Higgins & Co.@@@@1@17@@oe@2-2-2013
20414030@unknown@formal@none@1@S@Frederick Rumack of Buck Consultants has asked Labor to recraft its rule to remove the IRS threat.@@@@1@17@@oe@2-2-2013
20414031@unknown@formal@none@1@S@CORPORATE DOWNSIZING digs deeper.@@@@1@4@@oe@2-2-2013
20414032@unknown@formal@none@1@S@Outplacement consultant Right Associates says the average pay of its clients fell to $66,743 last year from $70,765 in 1987; severance pay dropped to 25 weeks from 29.@@@@1@28@@oe@2-2-2013
20414033@unknown@formal@none@1@S@Both reflect the dismissal of lower-level and shorter-tenure executives.@@@@1@9@@oe@2-2-2013
20414034@unknown@formal@none@1@S@FIRST TEACH THYSELF.@@@@1@3@@oe@2-2-2013
20414035@unknown@formal@none@1@S@Executives universally believe workers should know their employer-sponsored benefits.@@@@1@9@@oe@2-2-2013
20414036@unknown@formal@none@1@S@But three out of four managers can't accurately state the value of their own packages, consultant Noble Lowndes says.@@@@1@19@@oe@2-2-2013
20414037@unknown@formal@none@1@S@MEA CULPA.@@@@1@2@@oe@2-2-2013
20414038@unknown@formal@none@1@S@Fully 62% of the doctors surveyed for Metropolitan Life Insurance Co. think their fellow physicians are responsible for rising health-care costs, ahead of hospitals (55%) and patients (48%).@@@@1@28@@oe@2-2-2013
20414039@unknown@formal@none@1@S@NO, YOU WORK!@@@@1@3@@oe@2-2-2013
20414040@unknown@formal@none@1@S@Only one in four companies with flexible benefit plans lets workers buy or sell vacation days, consultant Towers Perrin says.@@@@1@20@@oe@2-2-2013
20414041@unknown@formal@none@1@S@Employees like the option but firms say it's too tough to run.@@@@1@12@@oe@2-2-2013
20414042@unknown@formal@none@1@S@STUDENTS SHUN burger flipping for jobs tied to careers.@@@@1@9@@oe@2-2-2013
20414043@unknown@formal@none@1@S@Some even study.@@@@1@3@@oe@2-2-2013
20414044@unknown@formal@none@1@S@"Fast-food jobs aren't popular no matter what they pay," says a Tufts official.@@@@1@13@@oe@2-2-2013
20414045@unknown@formal@none@1@S@Working students, she explains, want "some satisfaction."@@@@1@7@@oe@2-2-2013
20414046@unknown@formal@none@1@S@University of Michigan students look for jobs related to planned careers.@@@@1@11@@oe@2-2-2013
20414047@unknown@formal@none@1@S@Carnegie Mellon, though, says some students conclude they can help their careers most by hitting the books: "They're opting to build their resumes through good grades and leadership roles in fraternities."@@@@1@31@@oe@2-2-2013
20414048@unknown@formal@none@1@S@Slowing economies in some areas limit student choice.@@@@1@8@@oe@2-2-2013
20414049@unknown@formal@none@1@S@Student job postings at Boston University slip 10% this year following a 10% drop in 1988.@@@@1@16@@oe@2-2-2013
20414050@unknown@formal@none@1@S@Still, the school says there are an ample number and pay is up to $7.20 an hour from $6.90 last year.@@@@1@21@@oe@2-2-2013
20414051@unknown@formal@none@1@S@M.B.A. candidates at the University of Pittsburgh earn up to $15 an hour on marketing or computer projects.@@@@1@18@@oe@2-2-2013
20414052@unknown@formal@none@1@S@THE CHECKOFF: Fiery ambition:@@@@1@4@@oe@2-2-2013
20414053@unknown@formal@none@1@S@Hyatt Corp. hires a University of Wyoming graduate with degrees in geology and petroleum engineering for $7.50 an hour to tend wood fires at a Colorado ski resort. . . .@@@@1@31@@oe@2-2-2013
20414054@unknown@formal@none@1@S@Is somebody telling us something?@@@@1@5@@oe@2-2-2013
20414055@unknown@formal@none@1@S@Our copy of Racine (Wis.) Labor comes through the mail wrapped around two sections of Baseball Card News.@@@@1@18@@oe@2-2-2013
20415001@unknown@formal@none@1@S@Democracy is making a return with a vengeance to Latin America's most populous and deeply indebted country.@@@@1@17@@oe@2-2-2013
20415002@unknown@formal@none@1@S@On Nov. 15, when Brazilians elect a president for the first time in 29 years, the country's 82 million voters will have 22 candidates to choose from.@@@@1@27@@oe@2-2-2013
20415003@unknown@formal@none@1@S@The candidates have been crisscrossing this huge country of 145 million people, holding rallies and televised debates in hope of being elected to what must be one of the world's most thankless political jobs: trying to drag Brazil out of its economic and social mess.@@@@1@45@@oe@2-2-2013
20415004@unknown@formal@none@1@S@"I feel sorry for whoever wins," says a Brazilian diplomat.@@@@1@10@@oe@2-2-2013
20415005@unknown@formal@none@1@S@Who that winner will be is highly uncertain.@@@@1@8@@oe@2-2-2013
20415006@unknown@formal@none@1@S@A half-dozen candidates, backing policies ranging from Thatcherism to watered-down Marxism, are given a chance of winning.@@@@1@17@@oe@2-2-2013
20415007@unknown@formal@none@1@S@"Whoever says he knows which of the six will win is out of his mind," says Antonio Britto, a centrist member of Parliament.@@@@1@23@@oe@2-2-2013
20415008@unknown@formal@none@1@S@The favorite remains Fernando Collor de Mello, a 40-year-old former governor of the state of Alagoas.@@@@1@16@@oe@2-2-2013
20415009@unknown@formal@none@1@S@He came out of nowhere to grab the lead in opinion polls, probably less because of his vague program to "build a new Brazil" than because of his good looks, the open backing of the powerful Rede Globo television network and his reputation as a hunter of "maharajahs," or overpaid and underworked civil servants.@@@@1@54@@oe@2-2-2013
20415010@unknown@formal@none@1@S@But after building up a commanding lead, the moderate to conservative Mr. Collor has slipped to about 30% in the polls from a high of about 43% only a few weeks ago.@@@@1@32@@oe@2-2-2013
20415011@unknown@formal@none@1@S@To avoid a runoff, one candidate would have to win 50% of the vote -- a feat that most analysts consider impossible with so many candidates running.@@@@1@27@@oe@2-2-2013
20415012@unknown@formal@none@1@S@Two left-wing politicians, Socialist Leonel Brizola, a former governor of Rio de Janeiro state, and Marxist-leaning Luis Inacio da Silva, currently are running neck and neck at about 15%, and three other candidates are given a chance of reaching the Dec. 17 runoff election between the two biggest vote-getters: Social Democrat Mario Covas and two conservatives, Paulo Salim Maluf, a former governor of the state of Sao Paulo, and Guilherme Afif Domingos.@@@@1@72@@oe@2-2-2013
20415013@unknown@formal@none@1@S@The uncertainty is sending shivers through Brazilian financial markets.@@@@1@9@@oe@2-2-2013
20415014@unknown@formal@none@1@S@The dollar, the best indicator of the country's mood, has skyrocketed on the parallel market, as has gold.@@@@1@18@@oe@2-2-2013
20415015@unknown@formal@none@1@S@Capital flight is reported to be strong.@@@@1@7@@oe@2-2-2013
20415016@unknown@formal@none@1@S@The big question is whether the new president will have the strength and the political support in Congress to take steps to cure Brazil's economic ills.@@@@1@26@@oe@2-2-2013
20415017@unknown@formal@none@1@S@President Jose Sarney, who took office in 1985 when the man picked by an electoral college became critically ill, appears to be simply trying to avoid hyperinflation.@@@@1@27@@oe@2-2-2013
20415018@unknown@formal@none@1@S@The unpopular Mr. Sarney, whose task was to bring about a smooth transition to democracy after 21 years of military rule, isn't seeking re-election.@@@@1@24@@oe@2-2-2013
20415019@unknown@formal@none@1@S@What comes out of the ballot box could be crucial in determining whether Brazil finally lives up to the potential of the world's eighth largest economy or keeps living up to its other, less enviable title: that of the developing world's largest debtor, teetering on the brink of hyperinflation, mired in deficits and stagnation, with huge economic inequalities and social discontent boiling under the surface.@@@@1@65@@oe@2-2-2013
20415020@unknown@formal@none@1@S@If Brazil devises an economic strategy allowing it to resume growth and service debt, this could lead it to open up and deregulate its sheltered economy, analysts say, just as Argentinian President Carlos Saul Menem has been doing even though he was elected on a populist platform.@@@@1@47@@oe@2-2-2013
20415021@unknown@formal@none@1@S@"Depending on the president, we could either be a trillion-dollar economy by the end of the century or stay where we are," says political scientist Amaury de Souza.@@@@1@28@@oe@2-2-2013
20415022@unknown@formal@none@1@S@"And where we are is bad."@@@@1@6@@oe@2-2-2013
20415023@unknown@formal@none@1@S@Despite valiant efforts by Finance Minister Mailson Ferreira da Nobrega, inflation came to 36% in September alone and is expected to top 1,000% for the year.@@@@1@26@@oe@2-2-2013
20415024@unknown@formal@none@1@S@That might have been considered hyperinflation not long ago, but Argentina endured price increases of almost 200% in July before bringing the rate down sharply in August and September.@@@@1@29@@oe@2-2-2013
20415025@unknown@formal@none@1@S@Still, massive internal debt has forced the government to borrow massively on the domestic market and to offer inflation-adjusted returns of 2% to 3% a month just to get investors to hold on to its paper.@@@@1@36@@oe@2-2-2013
20415026@unknown@formal@none@1@S@About $70 billion is estimated to be tied up in the short-term money market, which acts both as a hedge against inflation for consumers and an accelerator of inflation and deficits for the government.@@@@1@34@@oe@2-2-2013
20415027@unknown@formal@none@1@S@By some estimates, Brazil's internal debt, or combined public deficit, could reach 6.5% of its $351 billion gross domestic product.@@@@1@20@@oe@2-2-2013
20415028@unknown@formal@none@1@S@Much of the money goes into subsidies or keeping inefficient state-controlled companies operating.@@@@1@13@@oe@2-2-2013
20415029@unknown@formal@none@1@S@Among the results is a frequent breakdown of public services.@@@@1@10@@oe@2-2-2013
20415030@unknown@formal@none@1@S@It's not uncommon to wait three minutes for a dial tone after picking up the telephone, and then to be interrupted by a busy signal before finishing dialing the number.@@@@1@30@@oe@2-2-2013
20415031@unknown@formal@none@1@S@Officials also say a national electricity shortage might not be far off.@@@@1@12@@oe@2-2-2013
20415032@unknown@formal@none@1@S@Economists, businessmen and some politicians agree that the answer is an orthodox economic austerity program including reduced state spending; focusing spending on vital areas such as education, health and welfare; turning state companies private; reforming the tax system, raising public service rates to match costs; and possibly a temporary wage and price freeze and a devaluation of the cruzado.@@@@1@59@@oe@2-2-2013
20415033@unknown@formal@none@1@S@Analysts also say it's inevitable that Brazil will seek to renegotiate its $115 billion foreign debt, on which it suspended interest payments last month.@@@@1@24@@oe@2-2-2013
20415034@unknown@formal@none@1@S@Analysts say, however, that a tough economic program would have to be accompanied by measures to shield the poor from its recessionary effects, for instance by subsidizing staple food items.@@@@1@30@@oe@2-2-2013
20415035@unknown@formal@none@1@S@About 80% of Brazil's voters are believed to live near the poverty level.@@@@1@13@@oe@2-2-2013
20415036@unknown@formal@none@1@S@Of the three candidates with a serious chance of winning, Mr. Collor comes closest to advocating the sort of measures that economists say are necessary.@@@@1@25@@oe@2-2-2013
20415037@unknown@formal@none@1@S@But his inexperience raises doubts that he would have the political power to carry them out.@@@@1@16@@oe@2-2-2013
20415038@unknown@formal@none@1@S@The 67-year-old Mr. Brizola has been vague about his intentions and often inflammatory in his rhetoric, but analysts say he probably would be pragmatic.@@@@1@24@@oe@2-2-2013
20415039@unknown@formal@none@1@S@Mr. da Silva, a 43-year-old former factory worker and labor leader, is the most radical, vowing to withhold payments on the foreign debt and saying he "wouldn't go around putting the country up for sale to the highest bidder."@@@@1@39@@oe@2-2-2013
20415040@unknown@formal@none@1@S@But despite the differences in what they say, according to some analysts here, economic constraints mean the next president may not have many choices about what he does.@@@@1@28@@oe@2-2-2013
20416001@unknown@formal@none@1@S@Hospital Regulation Sparks Kentucky Feud@@@@1@5@@oe@2-2-2013
20416002@unknown@formal@none@1@S@WHICH IS the best medicine for runaway health costs: competition or regulation?@@@@1@12@@oe@2-2-2013
20416003@unknown@formal@none@1@S@The question is at the root of a brawl between Humana Inc., the big for-profit hospital and insurance company, and its not-for-profit brethren in its home state of Kentucky.@@@@1@29@@oe@2-2-2013
20416004@unknown@formal@none@1@S@The battle focuses on the state's certificate-of-need law, which regulates investment in new medical technology.@@@@1@15@@oe@2-2-2013
20416005@unknown@formal@none@1@S@The law has prevented $216 million of unnecessary expenditures since 1986, according to William S. Conn, president of the Kentucky Hospital Association.@@@@1@22@@oe@2-2-2013
20416006@unknown@formal@none@1@S@But according to David Jones, Humana's chief executive, it promotes technology monopolies, stifles innovation and raises prices.@@@@1@17@@oe@2-2-2013
20416007@unknown@formal@none@1@S@If the Legislature doesn't repeal the law, due for revision in 1990, Mr. Jones says Humana may move its insurance operations, including 3,000 jobs in Louisville, to another state.@@@@1@29@@oe@2-2-2013
20416008@unknown@formal@none@1@S@The company complains that it paid $10 million to non-Humana hospitals in its latest fiscal year for services provided to its insurance plan members.@@@@1@24@@oe@2-2-2013
20416009@unknown@formal@none@1@S@But Humana says its own facilities could serve its insured for less if they were properly equipped.@@@@1@17@@oe@2-2-2013
20416010@unknown@formal@none@1@S@Mr. Conn charges that Humana's own actions undermine its argument.@@@@1@10@@oe@2-2-2013
20416011@unknown@formal@none@1@S@When a hospital in Lexington installed a lithotripter last year, demand for a similar kidney-stone smashing machine at a Humana hospital in Louisville fell 34%.@@@@1@25@@oe@2-2-2013
20416012@unknown@formal@none@1@S@The Humana hospital responded by jacking up prices to make up for lost revenue, Mr. Conn says, and now charges as much as $8,000 for the procedure, which costs only about $3,500 in Lexington.@@@@1@34@@oe@2-2-2013
20416013@unknown@formal@none@1@S@Humana contends that $8,000 represents an extreme case and that its regular charge for lithotripsy is $4,900.@@@@1@17@@oe@2-2-2013
20416014@unknown@formal@none@1@S@Meanwhile, another hospital's proposal for a new-generation lithotripter is pending before the board that administers the certificate-of-need law.@@@@1@18@@oe@2-2-2013
20416015@unknown@formal@none@1@S@Humana, which wants to acquire one of the new machines itself, is on the record as opposed to the proposal.@@@@1@20@@oe@2-2-2013
20416016@unknown@formal@none@1@S@Debt-Burdened Doctors Seek Financial Security@@@@1@5@@oe@2-2-2013
20416017@unknown@formal@none@1@S@HEALTH-CARE experts have long worried that young doctors emerging from medical school with a mountain of debt will choose careers in high-paying specialties instead of primary care, where more physicians are needed most.@@@@1@33@@oe@2-2-2013
20416018@unknown@formal@none@1@S@Now there's a new wrinkle in what young doctors want: More than half of 300 residents responding to recent survey said they'd prefer a guaranteed salary over traditional fee-for-service compensation in their first professional position.@@@@1@35@@oe@2-2-2013
20416019@unknown@formal@none@1@S@And 81% preferred a group practice or health maintenance organization, while just 11% favored solo practice.@@@@1@16@@oe@2-2-2013
20416020@unknown@formal@none@1@S@"Ten years ago, a physician would go to a town and take out a loan (to start a practice)," says James Merritt, president of Merritt, Hawkins & Associates, an Irvine, Calif., physician recruiter that conducted the survey.@@@@1@37@@oe@2-2-2013
20416021@unknown@formal@none@1@S@"They won't do that very often today at all.@@@@1@9@@oe@2-2-2013
20416022@unknown@formal@none@1@S@They're looking for something that's very safe."@@@@1@7@@oe@2-2-2013
20416023@unknown@formal@none@1@S@The numbers behind such fears: The average debt of medical school graduates who borrowed to pay for their education jumped 10% to $42,374 this year from $38,489 in 1988, says the Association of American Medical Colleges.@@@@1@36@@oe@2-2-2013
20416024@unknown@formal@none@1@S@That's 115% more than in 1981.@@@@1@6@@oe@2-2-2013
20416025@unknown@formal@none@1@S@Money isn't the only reason for the shift in practice preferences.@@@@1@11@@oe@2-2-2013
20416026@unknown@formal@none@1@S@It reflects values of a generation that wants more time for families and personal interests, says John H. Moxley III, who directs physician-executive searches for Korn/Ferry International.@@@@1@27@@oe@2-2-2013
20416027@unknown@formal@none@1@S@"This is a change in the social fabric of medicine," he says.@@@@1@12@@oe@2-2-2013
20416028@unknown@formal@none@1@S@Related Roommates Trim Hospital Bills@@@@1@5@@oe@2-2-2013
20416029@unknown@formal@none@1@S@WHEN Catherine Bobar spent several weeks at the Medical Center of Vermont recently with a bone infection in her toe, she shared a room just like most patients.@@@@1@28@@oe@2-2-2013
20416030@unknown@formal@none@1@S@But unlike most patients, her roommate was her husband.@@@@1@9@@oe@2-2-2013
20416031@unknown@formal@none@1@S@"It was certainly good to have him handy," Mrs. Bobar says.@@@@1@11@@oe@2-2-2013
20416032@unknown@formal@none@1@S@The 12-bed "cooperative care" unit is one of about 18 nationwide where a family member or friend helps care for a patient in the hospital.@@@@1@25@@oe@2-2-2013
20416033@unknown@formal@none@1@S@"The philosophy is to make the patient and the family very responsible for a portion of their own care," says Anthony J. Grieco, medical director of cooperative care at New York University Medical Center, where the concept began 10 years ago.@@@@1@41@@oe@2-2-2013
20416034@unknown@formal@none@1@S@"It helps us, and them, while they're here, and it certainly makes them a better health-care team when they get home."@@@@1@21@@oe@2-2-2013
20416035@unknown@formal@none@1@S@It also saves money.@@@@1@4@@oe@2-2-2013
20416036@unknown@formal@none@1@S@Because patients require less attention from nurses and other staff, room charges are lower -- about $100 less per day than a regular room at the Vermont hospital.@@@@1@28@@oe@2-2-2013
20416037@unknown@formal@none@1@S@Cancer patients needing prolonged radiation therapy, diabetics learning to manage their blood sugar levels, and cardiac bypass patients are among those who spend time on cooperative-care units.@@@@1@27@@oe@2-2-2013
20416038@unknown@formal@none@1@S@The approach has generated so much interest that NYU is host to the first conference on cooperative care Nov. 30.@@@@1@20@@oe@2-2-2013
20416039@unknown@formal@none@1@S@"It's really part of the hospital of the 21st century," Dr. Grieco says.@@@@1@13@@oe@2-2-2013
20416040@unknown@formal@none@1@S@Odds and Ends@@@@1@3@@oe@2-2-2013
20416041@unknown@formal@none@1@S@THE CHIEF NURSING officer can be responsible for more than 1,000 employees and at least one-third of a hospital's budget; a head nurse typically oversees up to 80 employees and $8 million.@@@@1@32@@oe@2-2-2013
20416042@unknown@formal@none@1@S@So says the Commonwealth Fund, a New York philanthropist that's sponsoring a $1 million project to develop joint masters in business and nursing programs at 10 universities. . . .@@@@1@30@@oe@2-2-2013
20416043@unknown@formal@none@1@S@Meharry Medical College in Nashville, Tenn., launches a new research publication in the spring: the Journal on Health Care for the Poor and Underserved.@@@@1@24@@oe@2-2-2013
20417001@unknown@formal@none@1@S@A group of Michigan investors has offered to buy Knight-Ridder Inc.'s ailing Detroit Free Press for $68 million but has left unclear how the offer will be financed.@@@@1@28@@oe@2-2-2013
20417002@unknown@formal@none@1@S@The offer came just prior to arguments before the U.S. Supreme Court over whether the Free Press should be allowed to enter into a joint operating pact with Gannett Co.'s Detroit News.@@@@1@32@@oe@2-2-2013
20417003@unknown@formal@none@1@S@The group led by Birmingham, Mich., publicist William D. McMaster didn't name an investment banker backing the deal or say how much its members will contribute to the offer.@@@@1@29@@oe@2-2-2013
20417004@unknown@formal@none@1@S@Indeed, some individuals identified with the group said they haven't committed any money to the bid and weren't aware of it until they heard about it in local news accounts over the weekend.@@@@1@33@@oe@2-2-2013
20417005@unknown@formal@none@1@S@Knight-Ridder wouldn't comment on the offer.@@@@1@6@@oe@2-2-2013
20417006@unknown@formal@none@1@S@The company has said the paper isn't for sale, and has rebuffed Mr. McMaster's earlier requests for access to Free Press financial statements.@@@@1@23@@oe@2-2-2013
20417007@unknown@formal@none@1@S@In his letter to Knight-Ridder President James K. Batten, Mr. McMaster said he arrived at the $68 million figure using Knight-Ridder's corporate financial statements and comments by Knight-Ridder officials that the Free Press has a $50 million value in salvage.@@@@1@40@@oe@2-2-2013
20417008@unknown@formal@none@1@S@But in an interview, Mr. McMaster said he and his investment banker would need access to full financial records before firming up the offer.@@@@1@24@@oe@2-2-2013
20418001@unknown@formal@none@1@S@Mitsui & Co. said it started a joint venture with Dae Woong Chemical Co., a major pharmaceutical manufacturer in South Korea, to manufacture antibiotic medicines.@@@@1@25@@oe@2-2-2013
20418002@unknown@formal@none@1@S@The new company is capitalized at about $3.5 million.@@@@1@9@@oe@2-2-2013
20418003@unknown@formal@none@1@S@Mitsui expects the antibiotic products to be exported to Southeast Asia and Africa.@@@@1@13@@oe@2-2-2013
20418004@unknown@formal@none@1@S@It also hopes to enter the U.S. market.@@@@1@8@@oe@2-2-2013
20419001@unknown@formal@none@1@S@NRM Energy Co. said it filed materials with the Securities and Exchange Commission calling for it to restructure into a corporation from a limited partnership.@@@@1@25@@oe@2-2-2013
20419002@unknown@formal@none@1@S@The partnership said it is proposing the change largely because the provisions of its senior notes restrict it from making distributions on its units outstanding.@@@@1@25@@oe@2-2-2013
20419003@unknown@formal@none@1@S@NRM suspended its common distribution in June 1988 and the distribution on its $2 cumulative convertible acquisition preferred units in September.@@@@1@21@@oe@2-2-2013
20419004@unknown@formal@none@1@S@However, unpaid distributions on the acquisition preferred are cumulative and would total $23 million a year, hurting NRM's financial flexibility and its ability to raise capital, NRM said.@@@@1@28@@oe@2-2-2013
20419005@unknown@formal@none@1@S@In following several other oil and gas partnerships that have made the conversion to a corporation in the last year, NRM also noted that tax advantages for partnerships have diminished under new tax laws and said it would save $2 million a year in administrative costs from the change.@@@@1@49@@oe@2-2-2013
20419006@unknown@formal@none@1@S@Under the plan, NRM said holders of its common units will receive one share of new common stock in Edisto Resources Corp. for every 14.97 common units owned.@@@@1@28@@oe@2-2-2013
20419007@unknown@formal@none@1@S@Holders of NRM's $2 cumulative convertible acquisition preferred units will receive one new common share in Edisto for every 1.342 units they own.@@@@1@23@@oe@2-2-2013
20419008@unknown@formal@none@1@S@After the transaction, current common unitholders will own about 21.3% of Edisto, current acquisition preferred holders will own 72.3%, and current stockholders of Edisto will own about 6.4%, about the same stake as Edisto owns now in NRM.@@@@1@38@@oe@2-2-2013
20419009@unknown@formal@none@1@S@Edisto currently is the general partner of NRM.@@@@1@8@@oe@2-2-2013
20419010@unknown@formal@none@1@S@As the largest holder of acquisition preferred units, Mesa Limited Partnership would own about 28% of Edisto after the transaction.@@@@1@20@@oe@2-2-2013
20419011@unknown@formal@none@1@S@As part of the transaction, Edisto agreed to give Mesa, an Amarillo, Texas, oil and gas partnership managed by T. Boone Pickens Jr., a seat on its board.@@@@1@28@@oe@2-2-2013
20419012@unknown@formal@none@1@S@NRM said its $2.60 senior cumulative convertible preferred units will be converted into an equal number of shares of $2.60 senior cumulative convertible preferred stock of Edisto.@@@@1@27@@oe@2-2-2013
20419013@unknown@formal@none@1@S@The transaction is subject to approval of NRM unitholders of record on Oct. 23, among other conditions.@@@@1@17@@oe@2-2-2013
20419014@unknown@formal@none@1@S@NRM said it expects unitholders to vote on the restructuring at a meeting Dec. 15.@@@@1@15@@oe@2-2-2013
20420001@unknown@formal@none@1@S@Sherwin-Williams Co. and Whittaker Corp. said they've discontinued talks toward a definitive agreement regarding Sherwin-Williams' acquisition of Whittaker's chemical coating group.@@@@1@21@@oe@2-2-2013
20420002@unknown@formal@none@1@S@The companies reached an agreement in principle for the sale in August.@@@@1@12@@oe@2-2-2013
20420003@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20420004@unknown@formal@none@1@S@Cleveland-based Sherwin-Williams produces paints and coatings, while the Los Angeles-based Whittaker coatings group produces industrial coatings.@@@@1@16@@oe@2-2-2013
20421001@unknown@formal@none@1@S@USG Corp. agreed to sell its headquarters building here to Manufacturers Life Insurance Co. of Toronto, and will lease the 19-story facility until it moves to a new quarters in 1992.@@@@1@31@@oe@2-2-2013
20421002@unknown@formal@none@1@S@The building-materials concern didn't disclose terms of the sale, which will close in the first quarter of next year.@@@@1@19@@oe@2-2-2013
20421003@unknown@formal@none@1@S@Proceeds from the planned sale of the 250,000-square-foot building "will help reduce the debt incurred as a result of our July 1988 recapitalization," said a USG official.@@@@1@27@@oe@2-2-2013
20422001@unknown@formal@none@1@S@The recently revived enthusiasm among small investors for stock mutual funds has been damped by a jittery stock market and the tumult over program trading.@@@@1@25@@oe@2-2-2013
20422002@unknown@formal@none@1@S@After hitting two-year highs this summer, net sales of stock funds slowed in September, according to the Investment Company Institute, a trade group.@@@@1@23@@oe@2-2-2013
20422003@unknown@formal@none@1@S@The sales recovery screeched to a halt this month, some analysts say.@@@@1@12@@oe@2-2-2013
20422004@unknown@formal@none@1@S@"Confidence was starting to come back because we didn't have wildly volatile days," says Tyler Jenks, research director for Kanon Bloch Carre & Co., a Boston research firm.@@@@1@28@@oe@2-2-2013
20422005@unknown@formal@none@1@S@"Now everything" -- such as program trading and wide stock market swings -- "that everyone had pushed back in their consciousness is just sitting right there."@@@@1@26@@oe@2-2-2013
20422006@unknown@formal@none@1@S@Net sales of stock funds in September totaled $839.4 million, down from $1.1 billion in August, the institute said.@@@@1@19@@oe@2-2-2013
20422007@unknown@formal@none@1@S@But if reinvested dividends are excluded, investors put in only $340 million more than they pulled out for the month.@@@@1@20@@oe@2-2-2013
20422008@unknown@formal@none@1@S@October's numbers, which won't be released for a month, are down further, mutual fund executives say.@@@@1@16@@oe@2-2-2013
20422009@unknown@formal@none@1@S@Investors in stock funds didn't panic the weekend after mid-October's 190-point market plunge.@@@@1@13@@oe@2-2-2013
20422010@unknown@formal@none@1@S@Most of the those who left stock funds simply switched into money market funds.@@@@1@14@@oe@2-2-2013
20422011@unknown@formal@none@1@S@And some fund groups said investors actually became net buyers.@@@@1@10@@oe@2-2-2013
20422012@unknown@formal@none@1@S@But the stock market swings have continued.@@@@1@7@@oe@2-2-2013
20422013@unknown@formal@none@1@S@The recent outcry over program trading will cast a pall over the stock-fund environment in the coming months, some analysts say.@@@@1@21@@oe@2-2-2013
20422014@unknown@formal@none@1@S@"The public is very close to having had it," Mr. Jenks says.@@@@1@12@@oe@2-2-2013
20422015@unknown@formal@none@1@S@Investors pulled back from bond funds in September, too.@@@@1@9@@oe@2-2-2013
20422016@unknown@formal@none@1@S@Net sales of bond funds for the month totaled $1.1 billion, down two-thirds from $3.1 billion in August.@@@@1@18@@oe@2-2-2013
20422017@unknown@formal@none@1@S@The major reason: heavy outflows from high-risk, high-yield junk bond funds.@@@@1@11@@oe@2-2-2013
20422018@unknown@formal@none@1@S@Big withdrawals from the junk funds have continued this month.@@@@1@10@@oe@2-2-2013
20422019@unknown@formal@none@1@S@Overall, net sales of all mutual funds, excluding money market funds, fell to $1.9 billion in September from $4.2 billion in August, the trade group said.@@@@1@26@@oe@2-2-2013
20422020@unknown@formal@none@1@S@"Small net inflows into stock and bond funds were offset by slight declines in the value of mutual fund stock and bond portfolios" stemming from falling prices, said Jacob Dreyer, the institute's chief economist.@@@@1@34@@oe@2-2-2013
20422021@unknown@formal@none@1@S@Many small investors went for the safety of money market funds.@@@@1@11@@oe@2-2-2013
20422022@unknown@formal@none@1@S@Assets of these and other short-term funds surged more than $5 billion in September, the institute said.@@@@1@17@@oe@2-2-2013
20422023@unknown@formal@none@1@S@Analysts say additional investors transferred their assets into money funds this month.@@@@1@12@@oe@2-2-2013
20422024@unknown@formal@none@1@S@At Fidelity Investments, the nation's largest fund group, money funds continue to draw the most business, says Michael Hines, vice president, marketing.@@@@1@22@@oe@2-2-2013
20422025@unknown@formal@none@1@S@In October, net sales of stock funds at Fidelity dropped sharply, Mr. Hines said.@@@@1@14@@oe@2-2-2013
20422026@unknown@formal@none@1@S@But he emphasized that new accounts, new sales, inquiries and subsequent sales of stock funds are all up this month from September's level.@@@@1@23@@oe@2-2-2013
20422027@unknown@formal@none@1@S@Investor interest in stock funds "hasn't stalled at all," Mr. Hines maintains.@@@@1@12@@oe@2-2-2013
20422028@unknown@formal@none@1@S@He notes that most of the net sales drop stemmed from a three-day period following the Friday the 13th plunge.@@@@1@20@@oe@2-2-2013
20422029@unknown@formal@none@1@S@"If that follows through next month, then it will be a different story," he says.@@@@1@15@@oe@2-2-2013
20422030@unknown@formal@none@1@S@But, Mr. Hines adds, sales "based on a few days' events don't tell you much about October's trends."@@@@1@18@@oe@2-2-2013
20422031@unknown@formal@none@1@S@One trend that continues is growth in the money invested in funds.@@@@1@12@@oe@2-2-2013
20422032@unknown@formal@none@1@S@Buoyed by the continued inflows into money funds, assets of all mutual funds swelled to a record $953.8 billion in September, up fractionally from $949.3 billion in August.@@@@1@28@@oe@2-2-2013
20422033@unknown@formal@none@1@S@Stock-fund managers, meantime, went into October with less cash on hand than they held earlier this year.@@@@1@17@@oe@2-2-2013
20422034@unknown@formal@none@1@S@These managers held 9.8% of assets in cash at the end of September, down from 10.2% in August and 10.6% in September 1988.@@@@1@23@@oe@2-2-2013
20422035@unknown@formal@none@1@S@Large cash positions help buffer funds from market declines but can cut down on gains in rising markets.@@@@1@18@@oe@2-2-2013
20422036@unknown@formal@none@1@S@Managers of junk funds were bolstering their cash hoards after the September cash crunch at Campeau Corp.@@@@1@17@@oe@2-2-2013
20422037@unknown@formal@none@1@S@Junk-portfolio managers raised their cash position to 9.4% of assets in September from 8.3% in August.@@@@1@16@@oe@2-2-2013
20422038@unknown@formal@none@1@S@In September 1988, that level was 9.5%.@@@@1@7@@oe@2-2-2013
20422039@unknown@formal@none@1@S@Investors in all funds will seek safety in the coming months, some analysts say.@@@@1@14@@oe@2-2-2013
20422040@unknown@formal@none@1@S@Among stock funds, the conservative growth-and-income portfolios probably will remain popular, fund specialists say.@@@@1@14@@oe@2-2-2013
20422041@unknown@formal@none@1@S@"There will be a continuation and possibly greater focus on conservative equity funds, at the expense of growth and aggressive growth funds," says Avi Nachmany, an analyst at Strategic Insight, a New York fund-research concern.@@@@1@35@@oe@2-2-2013
20423001@unknown@formal@none@1@S@Secretary of State Baker, we read, decided to kill a speech that Robert Gates, deputy national security adviser and a career Soviet expert, was going to give to a student colloquium, the National Collegiate Security Conference.@@@@1@36@@oe@2-2-2013
20423002@unknown@formal@none@1@S@We keep wondering what Mr. Gates wanted to say.@@@@1@9@@oe@2-2-2013
20423003@unknown@formal@none@1@S@Perhaps he might have cited Mr. Gorbachev's need for "a stable currency, free and competitive markets, private property and real prices" and other pie-in-the-sky reforms.@@@@1@25@@oe@2-2-2013
20423004@unknown@formal@none@1@S@Perhaps he'd have called for "a decentralized political and economic system" without a dominant communist party.@@@@1@16@@oe@2-2-2013
20423005@unknown@formal@none@1@S@Or political arrangements "to alleviate the grievances and demands of Soviet ethnic minorities and republics."@@@@1@15@@oe@2-2-2013
20423006@unknown@formal@none@1@S@Why, a Bob Gates might even have said, "Nor are Soviet problems susceptible to rescue from abroad through abundant Western credits."@@@@1@21@@oe@2-2-2013
20423007@unknown@formal@none@1@S@If Mr. Gates had been allowed to say these things, we would now be hearing about "discord" and "disarray" on foreign policy.@@@@1@22@@oe@2-2-2013
20423008@unknown@formal@none@1@S@Dark hints would be raised that parts of the administration hope Mr. Gorbachev would fail, just as they were when Vice President Quayle voiced similar sentiments.@@@@1@26@@oe@2-2-2013
20423009@unknown@formal@none@1@S@It's somehow OK for Secretary Baker himself, however, to say all the same things.@@@@1@14@@oe@2-2-2013
20423010@unknown@formal@none@1@S@In fact, he did; the quotes above are from Mr. Baker's speech of two weeks ago.@@@@1@16@@oe@2-2-2013
20423011@unknown@formal@none@1@S@So far as we can see, there is no disagreement among Mr. Baker, Mr. Quayle, the Mr. Gates we've read, or for that matter President Bush.@@@@1@26@@oe@2-2-2013
20423012@unknown@formal@none@1@S@They all understand point one: Nothing the U.S. can do will make much difference in whether Mr. Gorbachev succeeds with perestroika.@@@@1@21@@oe@2-2-2013
20423013@unknown@formal@none@1@S@Perhaps Mr. Gates would emphasize more than Mr. Baker the many hurdles the Soviet leader must leap if he is going to succeed.@@@@1@23@@oe@2-2-2013
20423014@unknown@formal@none@1@S@But everyone agrees that Mr. Gorbachev's problems result from the failure of his own system.@@@@1@15@@oe@2-2-2013
20423015@unknown@formal@none@1@S@They can be relieved only by changing that system, not by pouring Western money into it.@@@@1@16@@oe@2-2-2013
20423016@unknown@formal@none@1@S@GATT membership will not matter to Donbas coal miners short of soap, nor will a START treaty make any difference to Ukrainian nationalists.@@@@1@23@@oe@2-2-2013
20423017@unknown@formal@none@1@S@On the other hand, so long as Mr. Gorbachev is easing his grip on his empire, everyone we've heard agrees that the U.S. can benefit by engaging him.@@@@1@28@@oe@2-2-2013
20423018@unknown@formal@none@1@S@If a deal can be made to cut the world's Ortegas loose from Moscow, why not?@@@@1@16@@oe@2-2-2013
20423019@unknown@formal@none@1@S@We don't expect much good from nuclear-arms control, but conventional-arms talks might demilitarize Eastern Europe.@@@@1@15@@oe@2-2-2013
20423020@unknown@formal@none@1@S@There's nothing in the least contradictory in all this, and it would be nice to think that Washington could tolerate a reasonably sophisticated, complex view.@@@@1@25@@oe@2-2-2013
20423021@unknown@formal@none@1@S@Yet much of the political culture seems intent on castigating the Bush administration for not "helping" Mr. Gorbachev.@@@@1@18@@oe@2-2-2013
20423022@unknown@formal@none@1@S@So every time a Bush official raises a doubt about Mr. Gorbachev, the Washington community shouts "Cold War" and "timidity," and an administration spokesman is quickly trotted out to reply, "Mr. Bush wants perestroika to succeed."@@@@1@36@@oe@2-2-2013
20423023@unknown@formal@none@1@S@Mr. Baker seems especially sensitive to the Washington ailment known as Beltway-itis.@@@@1@12@@oe@2-2-2013
20423024@unknown@formal@none@1@S@Its symptoms include a cold sweat at the sound of debate, clammy hands in the face of congressional criticism, and fainting spells when someone writes the word "controversy."@@@@1@28@@oe@2-2-2013
20423025@unknown@formal@none@1@S@As one unidentified official clearly in the late stages of the disease told the Times: "Baker just felt that there were some lines in the speech that could be misinterpreted and seized by the press."@@@@1@35@@oe@2-2-2013
20423026@unknown@formal@none@1@S@In short, the problem is not intra-administration disagreement, but preoccupation with the prospect that perestrokia might fail, and its political opponents will ask "Who lost Gorbachev?"@@@@1@26@@oe@2-2-2013
20423027@unknown@formal@none@1@S@Mr. Baker may want to avoid criticism from Senate Majority Leader George Mitchell, but as Secretary of State his audience is the entire Free World, not just Congress.@@@@1@28@@oe@2-2-2013
20423028@unknown@formal@none@1@S@In any case, he's likely to find that the more he muzzles his colleagues, the more leaks will pop up all around Washington, a lesson once learned by Henry Kissinger.@@@@1@30@@oe@2-2-2013
20423029@unknown@formal@none@1@S@Letting officials express their own nuances can be educational.@@@@1@9@@oe@2-2-2013
20423030@unknown@formal@none@1@S@We note that in Rome yesterday Defense Secretary Cheney said that European euphoria over Mr. Gorbachev is starting to be tempered by a recognition of "the magnitude of the problems he was trying to deal with."@@@@1@36@@oe@2-2-2013
20423031@unknown@formal@none@1@S@It is in the Western interest to see Mr. Gorbachev succeed.@@@@1@11@@oe@2-2-2013
20423032@unknown@formal@none@1@S@The odds are against him, as he himself would no doubt tell you.@@@@1@13@@oe@2-2-2013
20423033@unknown@formal@none@1@S@The ultimate outcome depends on what he does, not on what we do.@@@@1@13@@oe@2-2-2013
20423034@unknown@formal@none@1@S@Even if the press is ready to seize and misinterpret, these are not very complicated thoughts.@@@@1@16@@oe@2-2-2013
20423035@unknown@formal@none@1@S@Surely there is someone in the administration, maybe Bob Gates, who could explain them to college students, or even schoolchildren.@@@@1@20@@oe@2-2-2013
20424001@unknown@formal@none@1@S@Vernon E. Jordan was elected to the board of this transportation services concern.@@@@1@13@@oe@2-2-2013
20424002@unknown@formal@none@1@S@Mr. Jordan has served as executive director of the United Negro College Fund, director of the Voter Education Project of the Southern Regional Council and attorney-consultant to the U.S. Office of Economic Opportunity.@@@@1@33@@oe@2-2-2013
20424003@unknown@formal@none@1@S@His election increases Ryder's board to 14 members.@@@@1@8@@oe@2-2-2013
20425001@unknown@formal@none@1@S@The American Stock Exchange said a seat was sold for $160,000, down $5,000 from the previous sale last Friday.@@@@1@19@@oe@2-2-2013
20425002@unknown@formal@none@1@S@Seats are currently quoted at $151,000, bid, and $162,000, asked.@@@@1@10@@oe@2-2-2013
20426001@unknown@formal@none@1@S@Two gunmen entered a Maryland restaurant, ordered two employees to lie on the floor and shot them in the backs of their heads.@@@@1@23@@oe@2-2-2013
20426002@unknown@formal@none@1@S@The killers fled with less than $100.@@@@1@7@@oe@2-2-2013
20426003@unknown@formal@none@1@S@Describing this and other grisly killings, Sen. Strom Thurmond (R., S.C.) recently urged fellow lawmakers to revive a broad federal death penalty.@@@@1@22@@oe@2-2-2013
20426004@unknown@formal@none@1@S@"The ultimate punishment," he declared, "will protect the law-abiding from the vicious, cruel individuals who commit these crimes."@@@@1@18@@oe@2-2-2013
20426005@unknown@formal@none@1@S@There's just one problem: The law that Sen. Thurmond is pushing would be irrelevant in the case of the Maryland restaurant murders and almost all other killings.@@@@1@27@@oe@2-2-2013
20426006@unknown@formal@none@1@S@Most murders are state crimes, so any federal capital-punishment law probably would turn out to be more symbolism than substance.@@@@1@20@@oe@2-2-2013
20426007@unknown@formal@none@1@S@Yet the bill is riding high on the furor over drug trafficking.@@@@1@12@@oe@2-2-2013
20426008@unknown@formal@none@1@S@Senate Republicans, after repeatedly failing to attach death-penalty amendments to unrelated legislation, have finally gotten a full-blown death-penalty bill through committee.@@@@1@21@@oe@2-2-2013
20426009@unknown@formal@none@1@S@The Democratic leadership agreed to allow a floor vote on the issue before the end of the year -- a debate certain to focus on the alleged racial inequality of death sentencing.@@@@1@32@@oe@2-2-2013
20426010@unknown@formal@none@1@S@Even some Democrats concede that there is probably a majority in the Senate that favors some kind of broad capital-punishment measure.@@@@1@21@@oe@2-2-2013
20426011@unknown@formal@none@1@S@The pending bill, introduced by Mr. Thurmond, would revive the long-dormant federal death-penalty laws by instituting legal procedures required by the Supreme Court.@@@@1@23@@oe@2-2-2013
20426012@unknown@formal@none@1@S@In 1972, the high court swept aside all capital-punishment laws -- federal and state alike -- as unconstitutional.@@@@1@18@@oe@2-2-2013
20426013@unknown@formal@none@1@S@But in 1976, the court permitted resurrection of such laws, if they meet certain procedural requirements.@@@@1@16@@oe@2-2-2013
20426014@unknown@formal@none@1@S@For instance, juries would have to consider specific "aggravating" and "mitigating" factors before deciding whether to condemn someone to death.@@@@1@20@@oe@2-2-2013
20426015@unknown@formal@none@1@S@Since that 1976 ruling, 37 states have reintroduced the death penalty.@@@@1@11@@oe@2-2-2013
20426016@unknown@formal@none@1@S@But congressional Democrats have blocked the same from occurring at the federal level, with the exception of a 1988 law allowing capital punishment for certain drug-related homicides.@@@@1@27@@oe@2-2-2013
20426017@unknown@formal@none@1@S@The Thurmond bill would establish a federally administered death sentence for 23 crimes, most of which were formerly punishable by death under federal statutes that the Supreme Court invalidated.@@@@1@29@@oe@2-2-2013
20426018@unknown@formal@none@1@S@Among these crimes are murder on federal land, presidential assassination and espionage.@@@@1@12@@oe@2-2-2013
20426019@unknown@formal@none@1@S@The Thurmond bill would also add five new crimes punishable by death, including murder for hire.@@@@1@16@@oe@2-2-2013
20426020@unknown@formal@none@1@S@(Separately, the Senate last week passed a bill permitting execution of terrorists who kill Americans abroad.)@@@@1@16@@oe@2-2-2013
20426021@unknown@formal@none@1@S@Amid the swirl of punitive rhetoric surrounding the issue, one critical question involves whether a federal death penalty, on top of existing state laws, would deter any would-be criminals.@@@@1@29@@oe@2-2-2013
20426022@unknown@formal@none@1@S@For one thing, it's unlikely that many people would receive federal death sentences, let alone be executed.@@@@1@17@@oe@2-2-2013
20426023@unknown@formal@none@1@S@Most of the crimes incorporated in the Thurmond bill are exceedingly rare -- killing a Supreme Court justice, for instance, or deliberately causing a train wreck that results in a death.@@@@1@31@@oe@2-2-2013
20426024@unknown@formal@none@1@S@In fact, only 28 defendants would have been eligible for federal death sentences if the Thurmond bill had been in effect in the past three years, according to a study by the Senate Judiciary Committee's Democratic staff.@@@@1@37@@oe@2-2-2013
20426025@unknown@formal@none@1@S@The last federal execution before the Supreme Court's 1972 ruling banning the death penalty took place in 1963, meaning that the federal government didn't exercise its execution authority for eight years.@@@@1@31@@oe@2-2-2013
20426026@unknown@formal@none@1@S@"In that sense, the whole debate is sort of a fraud," argues a Democratic Senate staff member.@@@@1@17@@oe@2-2-2013
20426027@unknown@formal@none@1@S@"It's distracting attention from serious issues, like how to make DEA, FBI and Customs work together" on drug enforcement.@@@@1@19@@oe@2-2-2013
20426028@unknown@formal@none@1@S@Republicans acknowledge that few people would be executed under the Thurmond bill, but they contend that isn't the point.@@@@1@19@@oe@2-2-2013
20426029@unknown@formal@none@1@S@"Many scholars are of the opinion that the mere existence of the penalty deters many people from the commission of capital crimes," says Sen. Orrin Hatch (R., Utah).@@@@1@28@@oe@2-2-2013
20426030@unknown@formal@none@1@S@Executions, regardless of how frequently they occur, are also "proper retribution" for heinous crimes, Mr. Hatch argues.@@@@1@17@@oe@2-2-2013
20426031@unknown@formal@none@1@S@Thomas Boyd, a senior Justice Department official, says the new federal drug-related crimes punishable by death since last November may result in a jump in capital sentences, though that hasn't happened so far.@@@@1@33@@oe@2-2-2013
20426032@unknown@formal@none@1@S@In addition to resuscitating the old issue of whether death sentences deter criminals, this bill has made race a major part of the death-penalty debate.@@@@1@25@@oe@2-2-2013
20426033@unknown@formal@none@1@S@Before the bill left committee, Sen. Edward Kennedy (D., Mass.) attached an amendment that would allow a defendant to escape from a death sentence in jurisdictions shown to have meted out executions in a racist manner.@@@@1@36@@oe@2-2-2013
20426034@unknown@formal@none@1@S@The amendment prompted an ironic protest from Mr. Thurmond, who complained that it would "kill" capital punishment.@@@@1@17@@oe@2-2-2013
20426035@unknown@formal@none@1@S@A large number of studies suggest that state judges and juries have imposed the penalty in a racially discriminatory fashion.@@@@1@20@@oe@2-2-2013
20426036@unknown@formal@none@1@S@And the Kennedy amendment would invade not only federal but state sentencings, in two important ways.@@@@1@16@@oe@2-2-2013
20426037@unknown@formal@none@1@S@It would allow all defendants to introduce statistical evidence showing racially disproportionate application of the death penalty in the past.@@@@1@20@@oe@2-2-2013
20426038@unknown@formal@none@1@S@And it would shift the burden to prosecutors to disprove that discrimination caused any statistical racial disparities.@@@@1@17@@oe@2-2-2013
20426039@unknown@formal@none@1@S@"That burden is very difficult, if not impossible, to meet," says Mr. Boyd.@@@@1@13@@oe@2-2-2013
20426040@unknown@formal@none@1@S@"How do you prove a negative?"@@@@1@6@@oe@2-2-2013
20426041@unknown@formal@none@1@S@Since most prosecutors wouldn't be able to demonstrate conclusively that racial considerations didn't affect sentencing, executions everywhere might come to a halt, Mr. Boyd explains.@@@@1@25@@oe@2-2-2013
20426042@unknown@formal@none@1@S@At least 15 major studies purport to show that particular states have imposed the death penalty disproportionately against killers of whites compared with blacks, and against black defendants compared with white defendants.@@@@1@32@@oe@2-2-2013
20426043@unknown@formal@none@1@S@Conservatives question the validity of the studies and note that the Supreme Court ruled in 1987 that such research, regardless of its accuracy, isn't relevant to a constitutional attack on a particular death sentence.@@@@1@34@@oe@2-2-2013
20426044@unknown@formal@none@1@S@The Kennedy amendment would, in effect, legislate around the Supreme Court ruling.@@@@1@12@@oe@2-2-2013
20426045@unknown@formal@none@1@S@Lawyers would eagerly seize on the provision in their death-penalty appeals, says Richard Burr, director of the NAACP Legal Defense and Educational Fund's capital-punishment defense team.@@@@1@26@@oe@2-2-2013
20426046@unknown@formal@none@1@S@Mr. Kennedy failed to get his amendment incorporated into last year's anti-drug legislation, and it will be severely attacked on the Senate floor this time around.@@@@1@26@@oe@2-2-2013
20426047@unknown@formal@none@1@S@But if it survives, it could prompt other statutory changes, according to the Mr. Burr.@@@@1@15@@oe@2-2-2013
20426048@unknown@formal@none@1@S@It might force Congress and the states to narrow the death penalty only to convictions shown to be relatively free of racial imbalance -- murders by repeat offenders who torture their victims, perhaps.@@@@1@33@@oe@2-2-2013
20426049@unknown@formal@none@1@S@Narrowing the penalty in this fashion would clearly reduce whatever deterrent effect it now has.@@@@1@15@@oe@2-2-2013
20426050@unknown@formal@none@1@S@And that, in turn, would only strengthen the argument of those who oppose execution under any circumstances.@@@@1@17@@oe@2-2-2013
20427001@unknown@formal@none@1@S@A state judge postponed a decision on a move by holders of Telerate Inc. to block the tender offer of Dow Jones & Co. for the 33% of Telerate it doesn't already own.@@@@1@33@@oe@2-2-2013
20427002@unknown@formal@none@1@S@Vice Chancellor Maurice A. Hartnett III of Delaware's Court of Chancery heard arguments for more than two hours here, but he made no comment and asked no questions.@@@@1@28@@oe@2-2-2013
20427003@unknown@formal@none@1@S@He could rule as early as today on the motion seeking a temporary injunction against the Dow Jones offer.@@@@1@19@@oe@2-2-2013
20427004@unknown@formal@none@1@S@Dow Jones has offered to pay $18 a share, or about $576 million, for the remaining Telerate stake.@@@@1@18@@oe@2-2-2013
20427005@unknown@formal@none@1@S@The offer will expire at 5 p.m. EST on Nov. 6, unless extended again.@@@@1@14@@oe@2-2-2013
20427006@unknown@formal@none@1@S@Robert Kornreich, an attorney for the Telerate holders, told Judge Hartnett the Dow Jones offer is "arrogant" and "hostile."@@@@1@19@@oe@2-2-2013
20427007@unknown@formal@none@1@S@He accused Dow Jones of "using unfair means to obtain the stock at an unfair price."@@@@1@16@@oe@2-2-2013
20427008@unknown@formal@none@1@S@Michael Rauch, an attorney for Dow Jones, defended the offer as adequate, based on what the company considers realistic projections of Telerate's revenue growth, in the range of 12%.@@@@1@29@@oe@2-2-2013
20427009@unknown@formal@none@1@S@He also contended that the plaintiffs failed to cite any legal authority that would justify such an injunction.@@@@1@18@@oe@2-2-2013
20427010@unknown@formal@none@1@S@Telerate provides information about financial markets through an electronic network.@@@@1@10@@oe@2-2-2013
20427011@unknown@formal@none@1@S@Dow Jones publishes The Wall Street Journal, Barron's magazine, other periodicals and community newspapers and operates electronic business information services.@@@@1@20@@oe@2-2-2013
20428001@unknown@formal@none@1@S@Japan's exports of cars, trucks and buses declined 2.4% to 535,322 units in September from a year earlier, the Japan Automobile Manufacturers Association said.@@@@1@24@@oe@2-2-2013
20428002@unknown@formal@none@1@S@The association attributed the drop to a trend among auto makers to move manufacturing operations overseas.@@@@1@16@@oe@2-2-2013
20428003@unknown@formal@none@1@S@With the exception of August, when exports rose 2.1%, exports have declined every month from year-earlier levels since March.@@@@1@19@@oe@2-2-2013
20429001@unknown@formal@none@1@S@Lone Star Technologies Inc. said its Lone Star Steel Co. unit sued it in federal court here, seeking to recover an intercompany receivable valued at a minimum of $23 million.@@@@1@30@@oe@2-2-2013
20429002@unknown@formal@none@1@S@The lawsuit was filed by Lone Star Steel's unsecured creditors' committee on behalf of Lone Star Steel, which has been operating under Chapter 11 of the federal Bankruptcy Code since June 30.@@@@1@32@@oe@2-2-2013
20429003@unknown@formal@none@1@S@Lone Star Technologies said it and its subsidiary's creditors agree that the parent company owes the unit money, but they haven't been able to reach agreement on the amount.@@@@1@29@@oe@2-2-2013
20429004@unknown@formal@none@1@S@Judith Elkin, lawyer for the creditors, said the creditors group is challenging certain accounting entries on the parent company's books and estimates that the receivable owed the steel company could be as much as $40 million.@@@@1@36@@oe@2-2-2013
20429005@unknown@formal@none@1@S@The Lone Star Steel lawsuit also asks the court to rule that Lone Star Technologies is jointly responsible for a $4.5 million Lone Star Steel pension payment that was due, but wasn't paid, in September and that the parent company can't recover the amount from its subsidiary if the parent company makes the payment.@@@@1@54@@oe@2-2-2013
20429006@unknown@formal@none@1@S@Separately, Lone Star Technologies said the bankruptcy court granted Lone Star Steel an extension until year end on its exclusive period to present a reorganization plan.@@@@1@26@@oe@2-2-2013
20429007@unknown@formal@none@1@S@The 120-day exclusivity period was to expire yesterday.@@@@1@8@@oe@2-2-2013
20429008@unknown@formal@none@1@S@Under Chapter 11, a company continues to operate, but is protected from creditor lawsuits while it tries to work out a plan to pay its debt.@@@@1@26@@oe@2-2-2013
20430001@unknown@formal@none@1@S@Nothing was going to hold up the long-delayed settlement of Britton vs. Thomasini.@@@@1@13@@oe@2-2-2013
20430002@unknown@formal@none@1@S@Not even an earthquake.@@@@1@4@@oe@2-2-2013
20430003@unknown@formal@none@1@S@On the afternoon of Oct. 17, after hours of haggling with five insurance-claims adjusters over settling a toxic-waste suit, four lawyers had an agreement in hand.@@@@1@26@@oe@2-2-2013
20430004@unknown@formal@none@1@S@But as Judge Thomas M. Jenkins donned his robes so he could give final approval, the major earthquake struck, its epicenter not far from his courtroom in Redwood City, Calif.@@@@1@30@@oe@2-2-2013
20430005@unknown@formal@none@1@S@The walls shook; the building rocked.@@@@1@6@@oe@2-2-2013
20430006@unknown@formal@none@1@S@For a while, it looked like the deal -- not to mention the courtroom itself -- was on the verge of collapse.@@@@1@22@@oe@2-2-2013
20430007@unknown@formal@none@1@S@"The judge came out and said, `Quick, let's put this on the record,'" says Sandy Bettencourt, the judge's court reporter.@@@@1@20@@oe@2-2-2013
20430008@unknown@formal@none@1@S@"I said, `NOW?'@@@@1@3@@oe@2-2-2013
20430009@unknown@formal@none@1@S@I was shaking the whole time."@@@@1@6@@oe@2-2-2013
20430010@unknown@formal@none@1@S@A 10-gallon water cooler had toppled onto the floor, soaking the red carpeting.@@@@1@13@@oe@2-2-2013
20430011@unknown@formal@none@1@S@Lights flickered on and off; plaster dropped from the ceiling, the walls still shook and an evacuation alarm blared outside.@@@@1@20@@oe@2-2-2013
20430012@unknown@formal@none@1@S@The four lawyers climbed out from under a table.@@@@1@9@@oe@2-2-2013
20430013@unknown@formal@none@1@S@"Let's close the door," said the judge as he climbed to his bench.@@@@1@13@@oe@2-2-2013
20430014@unknown@formal@none@1@S@At stake was an $80,000 settlement involving who should pay what share of cleanup costs at the site of a former gas station, where underground fuel tanks had leaked and contaminated the soil.@@@@1@33@@oe@2-2-2013
20430015@unknown@formal@none@1@S@And the lawyers were just as eager as the judge to wrap it up.@@@@1@14@@oe@2-2-2013
20430016@unknown@formal@none@1@S@"We were never going to get these insurance companies to agree again," says John V. Trump, a San Francisco defense lawyer in the case.@@@@1@24@@oe@2-2-2013
20430017@unknown@formal@none@1@S@Indeed, the insurance adjusters had already bolted out of the courtroom.@@@@1@11@@oe@2-2-2013
20430018@unknown@formal@none@1@S@The lawyers went to work anyway, duly noting that the proceeding was taking place during a major earthquake.@@@@1@18@@oe@2-2-2013
20430019@unknown@formal@none@1@S@Ten minutes later, it was done.@@@@1@6@@oe@2-2-2013
20430020@unknown@formal@none@1@S@For the record, Jeffrey Kaufman, an attorney for Fireman's Fund, said he was "rattled -- both literally and figuratively."@@@@1@19@@oe@2-2-2013
20430021@unknown@formal@none@1@S@"My belief is always, if you've got a settlement, you read it into the record." says Judge Jenkins, now known in his courthouse as "Shake 'Em Down Jenkins."@@@@1@28@@oe@2-2-2013
20430022@unknown@formal@none@1@S@The insurance adjusters think differently.@@@@1@5@@oe@2-2-2013
20430023@unknown@formal@none@1@S@"I didn't know if it was World War III or what," says Melanie Carvain of Morristown, N.J.@@@@1@17@@oe@2-2-2013
20430024@unknown@formal@none@1@S@"Reading the settlement into the record was the last thing on my mind.@@@@1@13@@oe@2-2-2013
20431001@unknown@formal@none@1@S@Edison Brothers Stores Inc. said it agreed to buy 229 Foxmoor women's apparel stores from Foxmoor Specialty Stores Corp., a unit of Dylex Ltd. of Toronto.@@@@1@26@@oe@2-2-2013
20431002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20431003@unknown@formal@none@1@S@Edison said the acquired stores would be integrated into its current operations.@@@@1@12@@oe@2-2-2013
20432001@unknown@formal@none@1@S@BROWN-FORMAN Corp. (Louisville, Ky.) --@@@@1@5@@oe@2-2-2013
20432002@unknown@formal@none@1@S@David R. Jackson, formerly vice president, managing director of corporate communications for Maxwell Communication Inc., was named vice president and assistant to the chairman of this maker of alcoholic beverages and consumer products.@@@@1@33@@oe@2-2-2013
20433001@unknown@formal@none@1@S@Your Oct. 4 front page noted that British lawyers have to wear wigs in court and that these wigs are made from horses' tails.@@@@1@24@@oe@2-2-2013
20433002@unknown@formal@none@1@S@Do you think the British know something that we don't?@@@@1@10@@oe@2-2-2013
20433003@unknown@formal@none@1@S@Yale Jay Lubkin@@@@1@3@@oe@2-2-2013
20433004@unknown@formal@none@1@S@Owings, Md.@@@@1@2@@oe@2-2-2013
20434001@unknown@formal@none@1@S@Applause for "Sometimes, Talk Is the Best Medicine," in your Oct. 5 Marketplace section.@@@@1@14@@oe@2-2-2013
20434002@unknown@formal@none@1@S@Indeed, the "art of doctoring" does contribute to better health results and discourages unwarranted malpractice litigation.@@@@1@16@@oe@2-2-2013
20434003@unknown@formal@none@1@S@Elaborating on the concern about doctors' sacrificing earnings in order to spend "talk time" with patients, we are finding the quality of the time spent is the key to true rapport.@@@@1@31@@oe@2-2-2013
20434004@unknown@formal@none@1@S@Even brief conversations can show caring and trust, and need not restrict the efficiency of the communication or restrain the doctor's earnings.@@@@1@22@@oe@2-2-2013
20434005@unknown@formal@none@1@S@The issue is far-reaching.@@@@1@4@@oe@2-2-2013
20434006@unknown@formal@none@1@S@Right now, the American populace is spending about 12% of our gross national product on health care.@@@@1@17@@oe@2-2-2013
20434007@unknown@formal@none@1@S@That amounts to more than $350 billion a year.@@@@1@9@@oe@2-2-2013
20434008@unknown@formal@none@1@S@And it is estimated that more than 20% of that, $70 billion, goes to "defensive medicine" -- those measures taken by doctors to protect themselves from the most unlikely possibilities.@@@@1@30@@oe@2-2-2013
20434009@unknown@formal@none@1@S@So we all stand to benefit if patient-physician relations become a "partnership."@@@@1@12@@oe@2-2-2013
20434010@unknown@formal@none@1@S@President North American Physicians Insurance Risk Retention Group@@@@1@8@@oe@2-2-2013
20435001@unknown@formal@none@1@S@Chrysler Corp. Chairman Lee A. Iacocca said the nation's No. 3 auto maker will need to close one or two of its assembly plants because of the slowdown hitting the industry.@@@@1@31@@oe@2-2-2013
20435002@unknown@formal@none@1@S@In an interview with the trade journal Automotive News, Mr. Iacocca declined to say which plants will close or when Chrysler will make the moves.@@@@1@25@@oe@2-2-2013
20435003@unknown@formal@none@1@S@But he said, "we have too many plants in our system.@@@@1@11@@oe@2-2-2013
20435004@unknown@formal@none@1@S@So the older or most inefficient capacity has got to go."@@@@1@11@@oe@2-2-2013
20435005@unknown@formal@none@1@S@According to industry analysts, Chrysler plants most likely to close are the St. Louis No. 1 facility, which builds Chrysler LeBaron and Dodge Daytona models; the Toledo, Ohio, Jeep plant, which dates back to the early 1900s; and two Canadian plants that build the Jeep Wrangler and Chrysler's full-sized vans.@@@@1@50@@oe@2-2-2013
20435006@unknown@formal@none@1@S@Chrysler has had to temporarily close the St. Louis and Toledo plants recently because of excess inventories of vehicles built there.@@@@1@21@@oe@2-2-2013
20435007@unknown@formal@none@1@S@At Chrysler's 1990 model preview last month, Chrysler Motors President Robert A. Lutz said the No. 3 auto maker, along with other U.S. manufacturers, might be forced to "realign . . . capacity" if market demand doesn't improve.@@@@1@38@@oe@2-2-2013
20435008@unknown@formal@none@1@S@But Mr. Iacocca's remarks are the most specific indication to date of how many plants could be in jeopardy.@@@@1@19@@oe@2-2-2013
20435009@unknown@formal@none@1@S@General Motors Corp. has signaled that as many as five of its U.S. and Canadian plants may not survive the mid-1990s as it struggles to trim its excess vehicle-production capacity.@@@@1@30@@oe@2-2-2013
20435010@unknown@formal@none@1@S@The overcapacity problem has intensified in recent years, with foreign auto makers beginning car and truck production in the U.S.@@@@1@20@@oe@2-2-2013
20435011@unknown@formal@none@1@S@With companies such as Honda Motor Co., Toyota Motor Corp. and Nissan Motor Co. running so-called transplant auto operations, Japanese auto production in the U.S. will reach one million vehicles this year.@@@@1@32@@oe@2-2-2013
20435012@unknown@formal@none@1@S@"Unless the market goes to 19 million units -- which we all know it's not going to do -- we have the inescapable fact that the transplants are adding capacity," Mr. Lutz said last month.@@@@1@35@@oe@2-2-2013
20435013@unknown@formal@none@1@S@The Japanese-managed plants eventually will have the capacity to build some 2.5 million vehicles in the U.S. and that will translate into "market share that is going to have to come out of somebody," he added.@@@@1@36@@oe@2-2-2013
20435014@unknown@formal@none@1@S@Already Chrysler has closed the Kenosha, Wis., plant it acquired when it bought American Motors Corp. in 1987.@@@@1@18@@oe@2-2-2013
20435015@unknown@formal@none@1@S@Chrysler has also launched a $1 billion cost-cutting program that will cut about 2,300 white-collar workers from the payroll in the next few months.@@@@1@24@@oe@2-2-2013
20436001@unknown@formal@none@1@S@Revco D.S. Inc., the drugstore chain that filed for bankruptcy-court protection last year, received a $925 million offer from a group led by Texas billionaire Robert Bass.@@@@1@27@@oe@2-2-2013
20436002@unknown@formal@none@1@S@Revco reacted cautiously, saying the plan would add $260 million of new debt to the highly leveraged company.@@@@1@18@@oe@2-2-2013
20436003@unknown@formal@none@1@S@It was Revco's huge debt from its $1.3 billion leveraged buy-out in 1986 that forced it to seek protection under Chapter 11 of the federal Bankruptcy Code.@@@@1@27@@oe@2-2-2013
20436004@unknown@formal@none@1@S@Revco insists that the proposal is simply an "expression of interest," because under Chapter 11 Revco has "exclusivity rights" until Feb. 28.@@@@1@22@@oe@2-2-2013
20436005@unknown@formal@none@1@S@Those rights prevent anyone other than Revco from proposing a reorganization plan.@@@@1@12@@oe@2-2-2013
20436006@unknown@formal@none@1@S@Also under Chapter 11, a reorganization plan is subject to approval by bondholders, banks and other creditors.@@@@1@17@@oe@2-2-2013
20436007@unknown@formal@none@1@S@A financial adviser for Revco bondholders, David Schulte, of Chilmark Partners, had mixed reactions to the offer.@@@@1@17@@oe@2-2-2013
20436008@unknown@formal@none@1@S@He said he feared a Revco reorganization might force bondholders to accept a "cheap deal," and that the Bass group's offer would give them more money.@@@@1@26@@oe@2-2-2013
20436009@unknown@formal@none@1@S@However, the group is offering to pay off bondholders in cash only -- $260.5 million -- and no equity.@@@@1@19@@oe@2-2-2013
20436010@unknown@formal@none@1@S@The Revco bonds are high-yield, high-risk "junk" bonds; holders have $750 million in claims against Revco, Mr. Schulte said.@@@@1@19@@oe@2-2-2013
20436011@unknown@formal@none@1@S@Revco received the offer Oct. 20, but issued a response yesterday only after a copy of the proposal was made public by bondholders.@@@@1@23@@oe@2-2-2013
20436012@unknown@formal@none@1@S@Acadia Partners Limited Partnership, a Fort Worth, Texas, partnership that includes the Robert M. Bass Group, made the proposal.@@@@1@19@@oe@2-2-2013
20436013@unknown@formal@none@1@S@Mr. Bass is based in Fort Worth.@@@@1@7@@oe@2-2-2013
20436014@unknown@formal@none@1@S@Analysts said the nation's second-largest drugstore chain was a valuable company, despite its financial woes.@@@@1@15@@oe@2-2-2013
20436015@unknown@formal@none@1@S@Its problem, they say, is that management paid too much in the leveraged buy-out and the current $515 million debt load is keeping Revco in the red.@@@@1@27@@oe@2-2-2013
20436016@unknown@formal@none@1@S@"If bought at the right price, it could still be profitable," said Jeffrey Stein, an analyst at McDonald & Co., Cleveland.@@@@1@21@@oe@2-2-2013
20436017@unknown@formal@none@1@S@In addition, Revco's 1,900 stores in 27 states represent a lot of real estate, he said, and demographics are helping pharmacies: The nation's aging population will boost demand for prescription drugs.@@@@1@31@@oe@2-2-2013
20436018@unknown@formal@none@1@S@Last week, Revco's parent company, Anac Holding Corp., said the company reported a loss of $16.2 million for the fiscal first quarter, compared with a loss of $27.9 million in the year-earlier quarter.@@@@1@33@@oe@2-2-2013
20436019@unknown@formal@none@1@S@Sales were $597.8 million, up 2.4% from the previous year.@@@@1@10@@oe@2-2-2013
20436020@unknown@formal@none@1@S@The company, based in Twinsburg, Ohio, said its operating profit before depreciation and amortization increased 51%, to $9.2 million from $6.1 million.@@@@1@22@@oe@2-2-2013
20436021@unknown@formal@none@1@S@Acadia Partners and the Bass Group declined to comment.@@@@1@9@@oe@2-2-2013
20436022@unknown@formal@none@1@S@The partnership also includes American Express Co., Equitable Life Assurance Society of the U.S. and Shearson Lehman Hutton Inc.@@@@1@19@@oe@2-2-2013
20436023@unknown@formal@none@1@S@The offer consists of $410.5 million in cash and the rest in notes.@@@@1@13@@oe@2-2-2013
20436024@unknown@formal@none@1@S@Acadia would sell up to 10% of the equity in the reorganized company to creditors and bondholders in exchange for the cash distribution, but creditors and bondholders would receive no discount for their shares.@@@@1@34@@oe@2-2-2013
20436025@unknown@formal@none@1@S@Revco's chairman and chief executive officer, Boake A. Sells, said both the company and the bondholders have put forth reorganization plans, but little progress has been made since negotiations began this summer.@@@@1@32@@oe@2-2-2013
20436026@unknown@formal@none@1@S@He said he has not met with representatives from Acadia.@@@@1@10@@oe@2-2-2013
20436027@unknown@formal@none@1@S@Any reorganization proposal, Mr. Sells said, is difficult to assess because it must be agreed upon by the company, bondholders, banks and other creditors.@@@@1@24@@oe@2-2-2013
20436028@unknown@formal@none@1@S@Revco has $1.5 billion in claims outstanding.@@@@1@7@@oe@2-2-2013
20436029@unknown@formal@none@1@S@"It's not like the board can decide" by itself, Mr. Sells said, adding, "we're indifferent to (the Bass) plan.@@@@1@19@@oe@2-2-2013
20436030@unknown@formal@none@1@S@We just want a plan that satisfies creditors and at the end leaves a healthy Revco."@@@@1@16@@oe@2-2-2013
20436031@unknown@formal@none@1@S@But Mr. Schulte, the bondholders' adviser, said Revco was dragging its feet in responding to the proposal.@@@@1@17@@oe@2-2-2013
20436032@unknown@formal@none@1@S@"They want to pretend it doesn't exist," he said.@@@@1@9@@oe@2-2-2013
20436033@unknown@formal@none@1@S@Mr. Schulte, who met with Acadia representatives on Oct. 10, said, "It's certainly a responsible offer.@@@@1@16@@oe@2-2-2013
20436034@unknown@formal@none@1@S@It's not an effort to steal the company" in the middle of the night.@@@@1@14@@oe@2-2-2013
20437001@unknown@formal@none@1@S@Copper futures prices failed to extend Friday's rally.@@@@1@8@@oe@2-2-2013
20437002@unknown@formal@none@1@S@Declines came because of concern that demand for copper may slow down.@@@@1@12@@oe@2-2-2013
20437003@unknown@formal@none@1@S@The December contract was down three cents a pound, settling at $1.1280, which was just above the day's low of $1.1270.@@@@1@21@@oe@2-2-2013
20437004@unknown@formal@none@1@S@Futures prices fell during three of five sessions last week, and the losses, individually and cumulatively, were greater than the advances.@@@@1@21@@oe@2-2-2013
20437005@unknown@formal@none@1@S@Two of the major factors buoying prices, the prolonged strikes at the Highland Valley mine in Canada and the Cananea mine in Mexico, were finally resolved.@@@@1@26@@oe@2-2-2013
20437006@unknown@formal@none@1@S@Also, the premiums paid by the U.S. government on a purchase of copper for the U.S. Mint were lower than expected, and acted as a price depressant, analysts said.@@@@1@29@@oe@2-2-2013
20437007@unknown@formal@none@1@S@The mint purchases were at premiums about 4 1/2 cents a pound above the respective prices for the copper.@@@@1@19@@oe@2-2-2013
20437008@unknown@formal@none@1@S@At the time merchants were asking for premiums of about five cents a pound.@@@@1@14@@oe@2-2-2013
20437009@unknown@formal@none@1@S@All this has led to prolonged selling in futures, mostly on the part of computer-guided funds.@@@@1@16@@oe@2-2-2013
20437010@unknown@formal@none@1@S@Prices fell through levels regarded as important support areas, which added to the selling.@@@@1@14@@oe@2-2-2013
20437011@unknown@formal@none@1@S@The reluctance of traders to buy contracts indicates that they have begun focusing on demand rather than supply.@@@@1@18@@oe@2-2-2013
20437012@unknown@formal@none@1@S@At least one analyst noted that as production improves, the concern among traders is whether the prospective increased supply will find buyers because of uncertainty over national economies.@@@@1@28@@oe@2-2-2013
20437013@unknown@formal@none@1@S@"Demand from Japan is expected to continue strong, but not from other areas of the world into the first quarter of next year," he said.@@@@1@25@@oe@2-2-2013
20437014@unknown@formal@none@1@S@Japan normally depends heavily on the Highland Valley and Cananea mines as well as the Bougainville mine in Papua New Guinea.@@@@1@21@@oe@2-2-2013
20437015@unknown@formal@none@1@S@Recently, Japan has been buying copper elsewhere.@@@@1@7@@oe@2-2-2013
20437016@unknown@formal@none@1@S@But as Highland Valley and Cananea begin operating, they are expected to resume their roles as Japan's suppliers.@@@@1@18@@oe@2-2-2013
20437017@unknown@formal@none@1@S@According to Fred Demler, metals economist for Drexel Burnham Lambert, New York, "Highland Valley has already started operating and Cananea is expected to do so soon."@@@@1@26@@oe@2-2-2013
20437018@unknown@formal@none@1@S@The Bougainville mine is generally expected to remain closed until at least the end of the year.@@@@1@17@@oe@2-2-2013
20437019@unknown@formal@none@1@S@It hasn't been operating since May 15 because of attacks by native landowners.@@@@1@13@@oe@2-2-2013
20437020@unknown@formal@none@1@S@A recent attempt to resume operations was cut short quickly by these attacks.@@@@1@13@@oe@2-2-2013
20437021@unknown@formal@none@1@S@However, traders disregarded a potential production disruption in Chile and a continued drop in inventories.@@@@1@15@@oe@2-2-2013
20437022@unknown@formal@none@1@S@Workers at two Chilean mines, Los Bronces and El Soldado, which belong to the Exxon-owned Minera Disputado group, will vote Thursday on whether to strike after a two-year labor pact ends today.@@@@1@32@@oe@2-2-2013
20437023@unknown@formal@none@1@S@The mines produced a total of 110,000 tons of copper in 1988.@@@@1@12@@oe@2-2-2013
20437024@unknown@formal@none@1@S@According to Drexel's Mr. Demler, the potential strike is expected to be resolved quickly, which may be one reason why the situation didn't affect prices much.@@@@1@26@@oe@2-2-2013
20437025@unknown@formal@none@1@S@Another analyst said that, if there was any concern, it was that a strike could encourage other walkouts in Chile.@@@@1@20@@oe@2-2-2013
20437026@unknown@formal@none@1@S@London Metal Exchange copper inventories fell 550 tons last week to 83,950 tons, a smaller-than-expected decline.@@@@1@16@@oe@2-2-2013
20437027@unknown@formal@none@1@S@But that development also had little effect on traders' sentiment.@@@@1@10@@oe@2-2-2013
20437028@unknown@formal@none@1@S@Mr. Demler said that stocks of copper in U.S. producers' hands at the end of September were down 16,000 metric tons from August to 30,000 tons.@@@@1@26@@oe@2-2-2013
20437029@unknown@formal@none@1@S@Outside the U.S., he said, producer stocks at the end of August were 273,000 tons, down 3,000 tons from the end of July.@@@@1@23@@oe@2-2-2013
20437030@unknown@formal@none@1@S@Consumer stocks of copper in the U.S. fell to 44,000 tons at the end of September from 54,000 tons a month earlier, and stocks of copper held by consumers and merchants outside of the U.S. at the end of July stood at 123,000 tons, down from 125,000 tons in June.@@@@1@50@@oe@2-2-2013
20437031@unknown@formal@none@1@S@The high point of foreigners' copper stocks this year was 136,000 tons at the end of April, according to Mr. Demler.@@@@1@21@@oe@2-2-2013
20437032@unknown@formal@none@1@S@In other commodity markets yesterday:@@@@1@5@@oe@2-2-2013
20437033@unknown@formal@none@1@S@GRAINS AND SOYBEANS:@@@@1@3@@oe@2-2-2013
20437034@unknown@formal@none@1@S@The prices of most corn, soybean and wheat futures contracts dropped slightly as farmers in the Midwest continued to rebuild stockpiles that were depleted by the 1988 drought.@@@@1@28@@oe@2-2-2013
20437035@unknown@formal@none@1@S@Buying by the Soviets has helped to prop up corn prices in recent weeks, but a lack of any new purchases kept prices in the doldrums.@@@@1@26@@oe@2-2-2013
20437036@unknown@formal@none@1@S@COFFEE:@@@@1@1@@oe@2-2-2013
20437037@unknown@formal@none@1@S@Futures prices rose slightly in a market filled with rumors that a new international coffee agreement might still be achieved.@@@@1@20@@oe@2-2-2013
20437038@unknown@formal@none@1@S@The December contract ended with a gain of 1.29 cents a pound at 74.35 cents.@@@@1@15@@oe@2-2-2013
20437039@unknown@formal@none@1@S@According to one analyst, prices opened higher because of reports over the weekend that Brazil and Colombia, at the Pan-American summit meeting in Costa Rica, had agreed to a reduction in their coffee export quotas for the sake of creating a new agreement.@@@@1@43@@oe@2-2-2013
20437040@unknown@formal@none@1@S@The reports, attributed to the Colombian minister of economic development, said Brazil would give up 500,000 bags of its quota and Colombia 200,000 bags, the analyst said.@@@@1@27@@oe@2-2-2013
20437041@unknown@formal@none@1@S@These reports were later denied by a high Brazilian official, who said Brazil wasn't involved in any coffee discussions on quotas, the analyst said.@@@@1@24@@oe@2-2-2013
20437042@unknown@formal@none@1@S@The Colombian minister was said to have referred to a letter that he said President Bush sent to Colombian President Virgilio Barco, and in which President Bush said it was possible to overcome obstacles to a new agreement.@@@@1@38@@oe@2-2-2013
20437043@unknown@formal@none@1@S@The minister was also quoted as saying that a new pact could be achieved during the first half of next year, according to the analyst.@@@@1@25@@oe@2-2-2013
20437044@unknown@formal@none@1@S@PRECIOUS METALS:@@@@1@2@@oe@2-2-2013
20437045@unknown@formal@none@1@S@Futures prices showed modest changes in light trading volume.@@@@1@9@@oe@2-2-2013
20437046@unknown@formal@none@1@S@December delivery gold eased 40 cents an ounce to $380.80.@@@@1@10@@oe@2-2-2013
20437047@unknown@formal@none@1@S@December silver was off 3.7 cents an ounce at $5.2830.@@@@1@10@@oe@2-2-2013
20437048@unknown@formal@none@1@S@January platinum rose 90 cents an ounce at $500.20.@@@@1@9@@oe@2-2-2013
20437049@unknown@formal@none@1@S@The market turned quiet after rising sharply late last week, according to one analyst.@@@@1@14@@oe@2-2-2013
20437050@unknown@formal@none@1@S@Last week's uncertainty in the stock market and a weaker dollar triggered a flight to safety, he said, but yesterday the market lacked such stimuli.@@@@1@25@@oe@2-2-2013
20437051@unknown@formal@none@1@S@There was some profit-taking because prices for all the precious metals had risen to levels at which there was resistance to further advance, he said.@@@@1@25@@oe@2-2-2013
20437052@unknown@formal@none@1@S@The dollar was also slightly firmer and prompted some selling, as well, according to the analyst.@@@@1@16@@oe@2-2-2013
20438001@unknown@formal@none@1@S@Louisiana-Pacific Corp. said its board authorized the purchase of as many as five million of its common shares for employee stock plans and other general corporate purposes.@@@@1@27@@oe@2-2-2013
20438002@unknown@formal@none@1@S@The forest-products concern currently has about 38 million shares outstanding.@@@@1@10@@oe@2-2-2013
20438003@unknown@formal@none@1@S@In yesterday's composite trading on the New York Stock Exchange, Louisiana-Pacific shares closed at $39.25, down 37.5 cents.@@@@1@18@@oe@2-2-2013
20439001@unknown@formal@none@1@S@When the Supreme Soviet passed laws on workers' rights in May 1987 and on self-managing cooperatives a year later, some Western observers assumed Mikhail Gorbachev had launched the Soviet Union on a course that would lead inevitably to the creation of a market economy.@@@@1@44@@oe@2-2-2013
20439002@unknown@formal@none@1@S@Their only doubt concerned the possibility that Mr. Gorbachev might not survive the opposition that his reforms would arouse and that the whole process might be reversed.@@@@1@27@@oe@2-2-2013
20439003@unknown@formal@none@1@S@If Mr. Gorbachev's goal is the creation of a free market, he and these Western observers have good reason to fear for his future, as economic liberalization within communist societies leads inexorably to demands for fundamental political reform accompanied by civil unrest.@@@@1@42@@oe@2-2-2013
20439004@unknown@formal@none@1@S@These fears were clearly apparent when, last week, Secretary of State James Baker blocked a speech by Robert Gates, deputy national security adviser and Soviet expert, on the ground that it was too pessimistic about the chances of Mr. Gorbachev's economic reforms succeeding.@@@@1@43@@oe@2-2-2013
20439005@unknown@formal@none@1@S@Yet the Soviet leader's readiness to embark on foreign visits and steady accumulation of personal power, particularly since the last Politburo reshuffle on Sept. 30, do not suggest that Mr. Gorbachev is on the verge of being toppled; nor does he look likely to reverse the powers of perestroika.@@@@1@49@@oe@2-2-2013
20439006@unknown@formal@none@1@S@Indeed, the Soviet miners strike this summer clearly demonstrated that Mr. Gorbachev must proceed with economic reform.@@@@1@17@@oe@2-2-2013
20439007@unknown@formal@none@1@S@But is he so clever that he has achieved the political equivalent of making water run uphill?@@@@1@17@@oe@2-2-2013
20439008@unknown@formal@none@1@S@And has he truly persuaded the Communist Party to accept economic change of a kind that will, sooner or later, lead to its demise?@@@@1@24@@oe@2-2-2013
20439009@unknown@formal@none@1@S@An alternative and more convincing explanation, confirmed by recent events and a close inspection of the Gorbachev program, is that the new Soviet economic and social structures are intended to conform to a model other than that of the market.@@@@1@40@@oe@2-2-2013
20439010@unknown@formal@none@1@S@For example, while the laws on individual labor activity allow a citizen to earn a living independent of the state, strict provisions are attached on how far this may lead to the development of a free market.@@@@1@37@@oe@2-2-2013
20439011@unknown@formal@none@1@S@Before becoming self-employed, or setting up a cooperative, workers must seek permission from the local soviet (council).@@@@1@17@@oe@2-2-2013
20439012@unknown@formal@none@1@S@Permission is far from automatic: The soviets have the legal right to turn down applications and impose conditions, and they appear to be exercising these powers.@@@@1@26@@oe@2-2-2013
20439013@unknown@formal@none@1@S@Private dressmaking, for example, is allowed in 10 Soviet republics but banned by five; shoemaking is allowed in seven but illegal in nine.@@@@1@23@@oe@2-2-2013
20439014@unknown@formal@none@1@S@The controls on cooperatives appeared relatively liberal when first introduced.@@@@1@10@@oe@2-2-2013
20439015@unknown@formal@none@1@S@But that changed following a resolution from the Supreme Soviet banning cooperatives from operating in some areas of the economy, and permitting activity in others only if the cooperatives are under contract to the state.@@@@1@35@@oe@2-2-2013
20439016@unknown@formal@none@1@S@All independent media activity is now illegal, which perhaps is not surprising, but so is the manufacture of perfume, cosmetics, household chemicals and sand candles.@@@@1@25@@oe@2-2-2013
20439017@unknown@formal@none@1@S@Medical cooperatives, among the most successful in the U.S.S.R., are banned from providing general-practitioner services (their main source of income), carrying out surgery, and treating cancer patients, drug addicts and pregnant women.@@@@1@32@@oe@2-2-2013
20439018@unknown@formal@none@1@S@Earlier this month, the Supreme Soviet adopted two more resolutions restricting the freedom of cooperatives: The first enables the soviets to set prices for which goods may be sold; the second bans cooperatives from buying "industrial and food goods" from the state or other cooperatives.@@@@1@45@@oe@2-2-2013
20439019@unknown@formal@none@1@S@If Mr. Gorbachev is looking toward unleashing the productive forces of the market, these latest resolutions are nothing short of reckless.@@@@1@21@@oe@2-2-2013
20439020@unknown@formal@none@1@S@Along with some other revealing indicators, these developments suggest that while Mr. Gorbachev wishes to move away from some rigid central controls, he is bent on creating economic structures of a kind that would scarcely find favor with the Austrian or Chicago schools of economic thought.@@@@1@46@@oe@2-2-2013
20439021@unknown@formal@none@1@S@Mr. Gorbachev has ruled out the use of the market to solve the problem of insufficient consumer goods.@@@@1@18@@oe@2-2-2013
20439022@unknown@formal@none@1@S@He told the Congress of People's Deputies on May 30: "We do not share this approach, since it would immediately destroy the social situation and disrupt all the processes in the country."@@@@1@32@@oe@2-2-2013
20439023@unknown@formal@none@1@S@Having rejected central economic planning for economic reasons, and the market for fear of the social (political) consequences, Mr. Gorbachev seeks a "third way" that would combine the discipline and controls of the former with the economic benefits of the latter.@@@@1@41@@oe@2-2-2013
20439024@unknown@formal@none@1@S@Most important, this would leave the party intact and its monopoly of political power largely undisturbed.@@@@1@16@@oe@2-2-2013
20439025@unknown@formal@none@1@S@Indeed, Mr. Gorbachev's proposals display a close conceptual resemblance to the tenets of Italian fascism, whose architects spoke specifically of a "third way": of having produced a historic synthesis of socialism and capitalism.@@@@1@33@@oe@2-2-2013
20439026@unknown@formal@none@1@S@They, too, promised to combine economic efficiency with order and discipline.@@@@1@11@@oe@2-2-2013
20439027@unknown@formal@none@1@S@The emergence of Russian corporatism had been anticipated in journalist George Urban's introduction to a series of colloquies -- "Can the Soviet System Survive Reform?" -- published this spring.@@@@1@29@@oe@2-2-2013
20439028@unknown@formal@none@1@S@"Communism will reach its final stage of development in a feckless Russo -- corporation-socialist in form, nationalistic in content and Oriental in style -- that will puzzle the world with alternating feats of realism and recklessness. . . ."@@@@1@39@@oe@2-2-2013
20439029@unknown@formal@none@1@S@The fascist concept of corporatism envisaged an "organic" society in which citizens were spiritually and morally unified, and prepared to sacrifice themselves for the nation.@@@@1@25@@oe@2-2-2013
20439030@unknown@formal@none@1@S@This unification was to be brought about through policies and institutions that would unite workers and employers with government in a fully integrated and "harmonic" society.@@@@1@26@@oe@2-2-2013
20439031@unknown@formal@none@1@S@The key to the creation of the "organic" state lay in the formation of "natural" groups that would undertake the role of decision-making.@@@@1@23@@oe@2-2-2013
20439032@unknown@formal@none@1@S@By contrast, a parliamentary system based on abstract political rights and groups was held to cause, rather than resolve, conflict.@@@@1@20@@oe@2-2-2013
20439033@unknown@formal@none@1@S@The closeness of Soviet perestroika to the fascist social blueprint of Mussolini was evident when Mr. Gorbachev presented his economic vision to the Soviet Congress.@@@@1@25@@oe@2-2-2013
20439034@unknown@formal@none@1@S@In doing so, he neither rejected a socialist planned economy nor embraced the free market.@@@@1@15@@oe@2-2-2013
20439035@unknown@formal@none@1@S@Instead, he proposed a "law-governed economy," in which there would be a "clear-cut division between state direction of the economy and economic management."@@@@1@23@@oe@2-2-2013
20439036@unknown@formal@none@1@S@The latter would be undertaken by "enterprises, joint stock companies and cooperatives."@@@@1@12@@oe@2-2-2013
20439037@unknown@formal@none@1@S@These would not function independently, but would act together to form "combines, unions and associations" to tackle problems and coordinate their activities.@@@@1@22@@oe@2-2-2013
20439038@unknown@formal@none@1@S@Mr. Gorbachev is in a much stronger position to pursue the corporatist ideal than was Mussolini, who was never able to influence business giants such as Pirelli and Fiat.@@@@1@29@@oe@2-2-2013
20439039@unknown@formal@none@1@S@The Soviet Communist Party has the power to shape corporate development and mold it into a body dependent upon it.@@@@1@20@@oe@2-2-2013
20439040@unknown@formal@none@1@S@To ensure the loyalty of the business sector, Mr. Gorbachev may offer concessions and powers that will allow the business community to preserve its own interests, probably by restricting competition.@@@@1@30@@oe@2-2-2013
20439041@unknown@formal@none@1@S@However, Mr. Gorbachev must ensure that within this "alliance" the business sector remains subordinate to the party.@@@@1@17@@oe@2-2-2013
20439042@unknown@formal@none@1@S@At the same time, he must give it sufficient freedom to provide the economic benefits so desperately needed.@@@@1@18@@oe@2-2-2013
20439043@unknown@formal@none@1@S@It is the promise of economic returns that is supposed to make the corporatist model attractive to both the party and labor.@@@@1@22@@oe@2-2-2013
20439044@unknown@formal@none@1@S@The work force provides the third arm of the "alliance."@@@@1@10@@oe@2-2-2013
20439045@unknown@formal@none@1@S@Within the alliance it is supposed to act as a balancing force, guarding against excessive control by government or abuse of its economic position by business, for either could result in a deterioration of its living standards (under the new resolutions, workers councils may demand that a cooperative be closed or its prices be reduced).@@@@1@55@@oe@2-2-2013
20439046@unknown@formal@none@1@S@By providing workers with the opportunity to move into the private sector where wages tend to be higher, and by holding out the promise of more consumer goods, Mr. Gorbachev hopes to revive the popularity of the party.@@@@1@38@@oe@2-2-2013
20439047@unknown@formal@none@1@S@At the same time, the strategy requires that he deal effectively with those who seek genuine Western-style political pluralism.@@@@1@19@@oe@2-2-2013
20439048@unknown@formal@none@1@S@The most important development in Mr. Gorbachev's policy for marginalizing the opposition movement is the claim that the U.S.S.R. also suffers from terrorism.@@@@1@23@@oe@2-2-2013
20439049@unknown@formal@none@1@S@An increasing number of references by the Soviet press to opposition groups now active in the U.S.S.R., particularly the Democratic Union, allege that they show "terroristic tendencies" and claim that they would be prepared to kill in order to achieve their aims.@@@@1@42@@oe@2-2-2013
20439050@unknown@formal@none@1@S@It is possible that, in perpetuating such myths, the ground is being laid for the arrest of opposition activists on the ground of terrorism.@@@@1@24@@oe@2-2-2013
20439051@unknown@formal@none@1@S@Mr. Gorbachev would appear to see his central task, however, as that of ensuring that foundations of an alliance among labor, capital and the state are properly laid before the demands for a multiparty system reach a crescendo.@@@@1@38@@oe@2-2-2013
20439052@unknown@formal@none@1@S@If he were able to construct a popular and efficient corporatist system, he or his heir would be wellplaced to rein in political opposition, and to re-establish control in Eastern Europe.@@@@1@31@@oe@2-2-2013
20439053@unknown@formal@none@1@S@The weaknesses in his plan do not lie in the political calculations -- Mr. Gorbachev is a consummate political leader, perhaps one of the greatest -- but in its economic prescription.@@@@1@31@@oe@2-2-2013
20439054@unknown@formal@none@1@S@Contrary to widespread belief, Mussolini failed to live up to his promise to make the trains run on time; it is doubtful whether Soviet-style corporatism will make Soviet trains run on time, or fill the shops with goods that the consumers so desperately crave.@@@@1@44@@oe@2-2-2013
20439055@unknown@formal@none@1@S@Miss Brady is deputy director of the Russian Research Foundation in London.@@@@1@12@@oe@2-2-2013
20440001@unknown@formal@none@1@S@New construction contracting climbed 8% in September to an annualized $274.2 billion, with commercial, industrial and public-works contracts providing most of the increase, according to F.W. Dodge Group.@@@@1@28@@oe@2-2-2013
20440002@unknown@formal@none@1@S@Through the first nine months of the year, the unadjusted total of all new construction was $199.6 billion, flat compared with a year earlier.@@@@1@24@@oe@2-2-2013
20440003@unknown@formal@none@1@S@The South was off 2% after the first nine months, while the North Central region was up 3%.@@@@1@18@@oe@2-2-2013
20440004@unknown@formal@none@1@S@The Northeast and West regions were unchanged.@@@@1@7@@oe@2-2-2013
20440005@unknown@formal@none@1@S@A small decline in total construction for the entire year is possible if contracting for housing doesn't increase in response to this year's lower mortgage rates, said George A. Christie, vice president and chief economist of Dodge, the forecasting division of publisher McGraw-Hill Inc.@@@@1@44@@oe@2-2-2013
20440006@unknown@formal@none@1@S@The seasonally adjusted Dodge Index reached 175 in September, its highest level this year, from 162 in August.@@@@1@18@@oe@2-2-2013
20440007@unknown@formal@none@1@S@The index uses a base of 100 in 1982.@@@@1@9@@oe@2-2-2013
20440008@unknown@formal@none@1@S@Newly contracted residential work edged up 2% in September to an annualized $121.2 billion, largely because multifamily building rebounded from a very weak August.@@@@1@24@@oe@2-2-2013
20440009@unknown@formal@none@1@S@"At the end of the third quarter, there was still no evidence of renewed home building in response to the midyear decline of mortgage rates," Mr. Christie said.@@@@1@28@@oe@2-2-2013
20440010@unknown@formal@none@1@S@Housing has been weak all year and especially so in the past five months.@@@@1@14@@oe@2-2-2013
20440011@unknown@formal@none@1@S@Contracting for non-residential buildings rose 10% in September to an annualized $100.8 billion.@@@@1@13@@oe@2-2-2013
20440012@unknown@formal@none@1@S@Commercial and industrial construction rose sharply, partly because of three large projects, each expected to cost more than $100 million.@@@@1@20@@oe@2-2-2013
20440013@unknown@formal@none@1@S@Institutional building, such as hospitals and schools, eased in September following a surge in August.@@@@1@15@@oe@2-2-2013
20440014@unknown@formal@none@1@S@Although the third quarter was the best so far this year for non-residential building, weakness early in the year held the nine-month total to $69.6 billion, up just 1% from a year earlier.@@@@1@33@@oe@2-2-2013
20440015@unknown@formal@none@1@S@Public-works and utility projects, also known as non-building contracting, grew 18% to $52.2 billion in September, but the nine-month total of $36.9 billion was down 3% from a year earlier.@@@@1@30@@oe@2-2-2013
20440016@unknown@formal@none@1@S@The Sept. 30 end of the federal fiscal year may have prodded contractors to get any behind-schedule road and bridge construction under way "before the clock ran out," Mr. Christie said, referring to threatened 5% across-the-board budget cuts.@@@@1@38@@oe@2-2-2013
20440017@unknown@formal@none@1@S@a-Monthly construction contract values are reported on an annualized, seasonally adjusted basis.@@@@1@12@@oe@2-2-2013
20441001@unknown@formal@none@1@S@Moody's Investors Service Inc. said it lowered ratings on long-term debt of CS First Boston Inc., the holding company of Wall Street giant First Boston Corp., because of First Boston's "aggressive merchant banking risk" in highly leveraged takeovers.@@@@1@38@@oe@2-2-2013
20441002@unknown@formal@none@1@S@In downgrading CS First Boston's subordinated domestic, Euromarket and Swiss debt to single-A-3 from single-A-2, Moody's is matching a move made by the other major credit rating concern, Standard & Poor's Corp., several months ago.@@@@1@35@@oe@2-2-2013
20441003@unknown@formal@none@1@S@Moody's also confirmed the Prime-1 rating, its highest, on CS First Boston's commercial paper, or short-term corporate IOUs.@@@@1@18@@oe@2-2-2013
20441004@unknown@formal@none@1@S@In addition, Moody's said it downgraded Financiere Credit Suisse-First Boston's senior and subordinated Swiss debt to single-A-2 from single-A-1 and lowered Financiere CSFB N.V.'s junior subordinated perpetual Eurodebt, guaranteed by Financiere Credit Suisse -- First Boston, to single-A-3 from single-A-2.@@@@1@40@@oe@2-2-2013
20441005@unknown@formal@none@1@S@About $550 million of long-term debt is affected, according to Moody's.@@@@1@11@@oe@2-2-2013
20441006@unknown@formal@none@1@S@A spokesman for CS First Boston said: "We remain committed to a full range of businesses, including merchant banking.@@@@1@19@@oe@2-2-2013
20441007@unknown@formal@none@1@S@We think that the ratings revision is unfortunate but not unexpected.@@@@1@11@@oe@2-2-2013
20441008@unknown@formal@none@1@S@Our commitment to manage these businesses profitably will continue."@@@@1@9@@oe@2-2-2013
20441009@unknown@formal@none@1@S@First Boston's merchant banking risks mounted last month as highly leveraged Campeau Corp., First Boston's most lucrative client of the decade, was hit by a cash squeeze and the high-risk junk bond market tumbled.@@@@1@34@@oe@2-2-2013
20441010@unknown@formal@none@1@S@First Boston incurred millions of dollars of losses on Campeau securities it owned as well as on special securities it couldn't sell.@@@@1@22@@oe@2-2-2013
20441011@unknown@formal@none@1@S@First Boston financings for several other highly leveraged clients, including Ohio Mattress, unraveled as the high-risk junk bond market plummeted.@@@@1@20@@oe@2-2-2013
20441012@unknown@formal@none@1@S@Moody's said its rating changes actions "reflect CS First Boston's aggressive merchant banking risk as well as the risk profile of its current merchant banking exposures."@@@@1@26@@oe@2-2-2013
20441013@unknown@formal@none@1@S@It said CS First Boston "has consistently been one of the most aggressive firms in merchant banking" and that "a very significant portion" of the firm's profit in recent years has come from merchant banking-related business.@@@@1@36@@oe@2-2-2013
20441014@unknown@formal@none@1@S@"Moody's believes that the uncertain environment for merchant banking could put pressure on CS First Boston's performance," the rating concern said, citing "continued problems" from the firm's exposures to "various Campeau-related firms" and to Ohio Mattress.@@@@1@36@@oe@2-2-2013
20441015@unknown@formal@none@1@S@"These two exposures alone represent a very substantial portion of CS First Boston's equity," Moody's said.@@@@1@16@@oe@2-2-2013
20441016@unknown@formal@none@1@S@"Total merchant banking exposures are in excess of the firm's equity.@@@@1@11@@oe@2-2-2013
20442001@unknown@formal@none@1@S@Quotron Systems Inc. plans to cut about 400, or 16%, of its 2,500 employees over the next several months.@@@@1@19@@oe@2-2-2013
20442002@unknown@formal@none@1@S@"This action will continue to keep operating expenses in line" with revenue, said J. David Hann, president and chief executive officer of Los Angeles-based Quotron.@@@@1@25@@oe@2-2-2013
20442003@unknown@formal@none@1@S@The move by the financial information and services subsidiary of Citicorp is a "response to changing conditions in the retail securities industry, which has been contracting" since October 1987's stock market crash, the executive added.@@@@1@35@@oe@2-2-2013
20442004@unknown@formal@none@1@S@Quotron, which Citicorp purchased in 1986, provides price quotations for securities, particularly stocks.@@@@1@13@@oe@2-2-2013
20442005@unknown@formal@none@1@S@Quotron also provides trading and other systems, services for brokerage firms, and communications-network services.@@@@1@14@@oe@2-2-2013
20442006@unknown@formal@none@1@S@Independent providers of financial information, including Quotron, have been under some pressure as the major securities houses try to regain their hold on the production of market data and on the related revenue.@@@@1@33@@oe@2-2-2013
20442007@unknown@formal@none@1@S@Shearson, Goldman, Sachs & Co., Morgan Stanley & Co. and Salomon Inc. are discussing formation of a group to sell securities-price data.@@@@1@22@@oe@2-2-2013
20442008@unknown@formal@none@1@S@The job cuts, to be made in a number of areas at various job levels, are "a streamlining of operations," a spokeswoman said.@@@@1@23@@oe@2-2-2013
20442009@unknown@formal@none@1@S@The company has no immediate plans to close any operations, she said, but Quotron may subcontract some work that it has been doing in-house, including refurbishment and production of Quotron 1000 equipment used in delivering financial data.@@@@1@37@@oe@2-2-2013
20442010@unknown@formal@none@1@S@The spokeswoman said the move isn't directly a response to Quotron's loss of its two biggest customers, Merrill Lynch & Co. and American Express Co.'s Shearson Lehman Hutton Inc., to Automated Data Processing Inc. earlier this year.@@@@1@37@@oe@2-2-2013
20442011@unknown@formal@none@1@S@The spokeswoman noted that last week, Kidder, Peabody & Co., the securities subsidiary of General Electric Co., chose a Quotron subsidiary to provide order-processing services.@@@@1@25@@oe@2-2-2013
20442012@unknown@formal@none@1@S@And Oct. 24, Quotron said it will market the automated trading system of broker-dealer Chapdelaine Government Securities Inc.@@@@1@18@@oe@2-2-2013
20442013@unknown@formal@none@1@S@Quotron isn't profitable on Citicorp's books because of the interest charges the New York bank holding company incurred in buying the financial-data concern for $680 million, says Ronald I. Mandle, analyst for Sanford C. Bernstein & Co.@@@@1@37@@oe@2-2-2013
20442014@unknown@formal@none@1@S@But Citicorp "does view Quotron) as being crucial to the financial-services business in the 1990s," the analyst added.@@@@1@18@@oe@2-2-2013
20442015@unknown@formal@none@1@S@This past summer, Quotron sold its customer-service unit, employing 600, to Phoenix Technologies Inc., a closely held computer-service firm in Valley Forge, Pa.@@@@1@23@@oe@2-2-2013
20442016@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20443001@unknown@formal@none@1@S@The Oakland Athletics' four-game sweep over the San Francisco Giants in the World Series may widen already-sizable losses that the ABC network will incur on the current, final year of its baseball contract.@@@@1@33@@oe@2-2-2013
20443002@unknown@formal@none@1@S@The 1989 Series, disrupted by a devastating earthquake and diminished in national interest because both teams came from the San Francisco Bay area, is likely to end up as the lowest-rated Series of this decade and probably since the event has been broadcast.@@@@1@43@@oe@2-2-2013
20443003@unknown@formal@none@1@S@The first three games were seen by an average of only 17% of U.S. homes, a sharp decline from the 23.7% rating for last year's Series.@@@@1@26@@oe@2-2-2013
20443004@unknown@formal@none@1@S@A final ratings tally from A.C. Nielsen Co. is due today.@@@@1@11@@oe@2-2-2013
20443005@unknown@formal@none@1@S@The sweep by the A's, whose pitchers and home-run hitters dominated the injury-prone Giants, will only make things worse for ABC, owned by Capital Cities/ABC Inc.@@@@1@26@@oe@2-2-2013
20443006@unknown@formal@none@1@S@The network had been expected to have losses of as much as $20 million on baseball this year.@@@@1@18@@oe@2-2-2013
20443007@unknown@formal@none@1@S@It isn't clear how much those losses may widen because of the short Series.@@@@1@14@@oe@2-2-2013
20443008@unknown@formal@none@1@S@Had the contest gone a full seven games, ABC could have reaped an extra $10 million in ad sales on the seventh game alone, compared with the ad take it would have received for regular prime-time shows.@@@@1@37@@oe@2-2-2013
20443009@unknown@formal@none@1@S@ABC had based its budget for baseball on a six-game Series.@@@@1@11@@oe@2-2-2013
20443010@unknown@formal@none@1@S@A network spokesman wouldn't comment, and ABC Sports officials declined to be interviewed.@@@@1@13@@oe@2-2-2013
20443011@unknown@formal@none@1@S@But some industry executives said ABC, in anticipation of a four-game sweep, limited its losses by jacking up the number of commercials it aired in the third and fourth games.@@@@1@30@@oe@2-2-2013
20443012@unknown@formal@none@1@S@A World Series telecast typically carries 56 30-second commercials, but by the fourth game ABC was cramming in 60 to 62 ads to generate extra revenue.@@@@1@26@@oe@2-2-2013
20443013@unknown@formal@none@1@S@ABC's baseball experience may be of interest to CBS Inc., which next season takes over the broadcasting of all baseball playoffs in a four-year television contract priced at $1.06 billion.@@@@1@30@@oe@2-2-2013
20443014@unknown@formal@none@1@S@CBS Sports President Neal Pilson has conceded only that CBS will have a loss in the first year.@@@@1@18@@oe@2-2-2013
20443015@unknown@formal@none@1@S@But other industry executives contend the losses could reach $250 million over four years and could go even higher if the World Series end in four-game romps.@@@@1@27@@oe@2-2-2013
20443016@unknown@formal@none@1@S@The Series typically is among the highest-rated sports events on television.@@@@1@11@@oe@2-2-2013
20443017@unknown@formal@none@1@S@Last year's series, broadcast by General Electric Co.'s NBC, was the lowest-rated Series in four years; instead of featuring a major East Coast team against a West Coast team, it pitted the Los Angeles Dodgers against the losing Oakland A's.@@@@1@40@@oe@2-2-2013
20443018@unknown@formal@none@1@S@ABC's hurdle was even higher this year with two teams from the same area.@@@@1@14@@oe@2-2-2013
20443019@unknown@formal@none@1@S@The Series got off to a lukewarm start Oct. 14 with a 16.2% rating; the next night it drew 17.4% of homes.@@@@1@22@@oe@2-2-2013
20443020@unknown@formal@none@1@S@Then came the earthquake and a damaging delay of 11 days.@@@@1@11@@oe@2-2-2013
20443021@unknown@formal@none@1@S@Some people had hoped ABC's ratings would go up because of the intense focus on the event in the aftermath of the earthquake.@@@@1@23@@oe@2-2-2013
20443022@unknown@formal@none@1@S@An analyst's opinion to that effect even sent Capital Cities/ABC shares soaring two weeks ago.@@@@1@15@@oe@2-2-2013
20443023@unknown@formal@none@1@S@But interest instead decreased.@@@@1@4@@oe@2-2-2013
20443024@unknown@formal@none@1@S@The third game, last Friday night, drew a disappointing 17.5 rating.@@@@1@11@@oe@2-2-2013
20444001@unknown@formal@none@1@S@Bargain hunters helped stock prices break a weeklong losing streak while bond prices and the dollar inched higher.@@@@1@18@@oe@2-2-2013
20444002@unknown@formal@none@1@S@The Dow Jones Industrial Average gained 6.76 points to 2603.48 in light trading after losing more than 92 points last week.@@@@1@21@@oe@2-2-2013
20444003@unknown@formal@none@1@S@Bond prices continued to edge higher in anticipation of more news showing a slower economy.@@@@1@15@@oe@2-2-2013
20444004@unknown@formal@none@1@S@Although the dollar rose slightly against most major currencies, the focus in currency markets was on the beleaguered British pound, which gained slightly against the dollar.@@@@1@26@@oe@2-2-2013
20444005@unknown@formal@none@1@S@Trading volume on the New York Stock Exchange dwindled to only 126.6 million shares yesterday as major brokerage firms continued to throw in the towel on program trading.@@@@1@28@@oe@2-2-2013
20444006@unknown@formal@none@1@S@Kidder Peabody became the most recent firm to swear off stock-index arbitrage trading for its own account, and Merrill Lynch late yesterday took the major step of renouncing the trading strategy even for its clients.@@@@1@35@@oe@2-2-2013
20444007@unknown@formal@none@1@S@Yet that didn't eliminate program trading from the market.@@@@1@9@@oe@2-2-2013
20444008@unknown@formal@none@1@S@The Dow industrials shot up 23 points in the opening hour, at least in part because of buy programs generated by stock-index arbitrage, a form of program trading involving futures contracts.@@@@1@31@@oe@2-2-2013
20444009@unknown@formal@none@1@S@But interest waned as the day wore on and investors looked ahead to the release later this week of two important economic reports.@@@@1@23@@oe@2-2-2013
20444010@unknown@formal@none@1@S@The first is Wednesday's survey of purchasing managers, considered a good indicator of how the nation's manufacturing sector fared in October.@@@@1@21@@oe@2-2-2013
20444011@unknown@formal@none@1@S@The other is Friday's measure of October employment, an indicator of the broader economy's health.@@@@1@15@@oe@2-2-2013
20444012@unknown@formal@none@1@S@Both are expected to show continued sluggishness, which would be good for bonds and bad for stocks.@@@@1@17@@oe@2-2-2013
20444013@unknown@formal@none@1@S@In major market activity: Stock prices rose in light trading.@@@@1@10@@oe@2-2-2013
20444014@unknown@formal@none@1@S@But declining issues on the New York Stock Exchange outnumbered gainers 774 to 684, and broader market indexes were virtually unchanged.@@@@1@21@@oe@2-2-2013
20444015@unknown@formal@none@1@S@Bond prices crept higher.@@@@1@4@@oe@2-2-2013
20444016@unknown@formal@none@1@S@The Treasury's benchmark 30-year bond gained about an eighth of a point, or about $1.25 for each $1,000 face amount.@@@@1@20@@oe@2-2-2013
20444017@unknown@formal@none@1@S@The yield on the issue slipped to 7.92%.@@@@1@8@@oe@2-2-2013
20444018@unknown@formal@none@1@S@The dollar gained.@@@@1@3@@oe@2-2-2013
20444019@unknown@formal@none@1@S@In late New York trading the dollar was quoted at 1.8340 marks and 141.90 yen, compared with 1.8300 marks and 141.65 yen Friday.@@@@1@23@@oe@2-2-2013
20444020@unknown@formal@none@1@S@The British pound, pressured by last week's resignations of key Thatcher administration officials, nevertheless rose Monday to $1.5820 from Friday's $1.5795.@@@@1@21@@oe@2-2-2013
20445001@unknown@formal@none@1@S@If Japanese companies are so efficient, why does Kawasaki-Rikuso Transportation Co. sometimes need a week just to tell its clients how soon it can ship goods from here to Osaka?@@@@1@30@@oe@2-2-2013
20445002@unknown@formal@none@1@S@Why, until last spring, did the Long-Term Credit Bank of Japan sometimes take several days to correct typographical errors in its paper work for international transactions?@@@@1@26@@oe@2-2-2013
20445003@unknown@formal@none@1@S@Because the companies have lacked office computers considered standard equipment in the U.S. and Western Europe, Japanese corporations' reputation as hi-tech powerhouses is only half right.@@@@1@26@@oe@2-2-2013
20445004@unknown@formal@none@1@S@Their factories may look like sets for a Spielberg movie, but their offices, with rows of clerks hunched over ledgers and abacuses, are more like scenes from a Dickens novel.@@@@1@30@@oe@2-2-2013
20445005@unknown@formal@none@1@S@Now, the personal-computer revolution is finally reaching Japan.@@@@1@8@@oe@2-2-2013
20445006@unknown@formal@none@1@S@Kawasaki-Rikuso, a freight company, set up its own software subsidiary this year and is spending nearly a year's profit to more than double the computer terminals at its main office.@@@@1@30@@oe@2-2-2013
20445007@unknown@formal@none@1@S@In April, the Long-Term Credit Bank linked its computers in Tokyo with its three American offices.@@@@1@16@@oe@2-2-2013
20445008@unknown@formal@none@1@S@Overall, PC sales in Japan in the first half of 1989 were 34% higher than in the year-earlier period.@@@@1@19@@oe@2-2-2013
20445009@unknown@formal@none@1@S@Combined PC and work-station use in Japan will jump as much as 25% annually over the next five years, according to some analysts, compared with about 10% in the U.S.@@@@1@30@@oe@2-2-2013
20445010@unknown@formal@none@1@S@And with a labor shortage and intense competitive pressure to improve efficiency, more and more Japanese companies are concluding that they have no choice.@@@@1@24@@oe@2-2-2013
20445011@unknown@formal@none@1@S@"We have too many people in our home offices," says Yoshio Hatakeyama, the president of the Japan Management Association.@@@@1@19@@oe@2-2-2013
20445012@unknown@formal@none@1@S@"Productivity in Japanese offices is relatively low."@@@@1@7@@oe@2-2-2013
20445013@unknown@formal@none@1@S@With Japanese companies in a wide range of industries -- from heavy industry to securities firms -- increasing their market share world-wide, the prospect of an even more efficient Japanese economic army may rattle foreigners.@@@@1@35@@oe@2-2-2013
20445014@unknown@formal@none@1@S@But it also offers opportunities; Americans are well poised to supply the weapons.@@@@1@13@@oe@2-2-2013
20445015@unknown@formal@none@1@S@Japan may be a tough market for outsiders to penetrate, and the U.S. is hopelessly behind Japan in certain technologies.@@@@1@20@@oe@2-2-2013
20445016@unknown@formal@none@1@S@But for now, at least, Americans are far better at making PCs and the software that runs them.@@@@1@18@@oe@2-2-2013
20445017@unknown@formal@none@1@S@After years of talking about selling in Japan, more and more U.S. companies are seriously pouring in.@@@@1@17@@oe@2-2-2013
20445018@unknown@formal@none@1@S@Apple Computer Inc. has doubled its staff here over the past year.@@@@1@12@@oe@2-2-2013
20445019@unknown@formal@none@1@S@Lotus Development Corp. has slashed the lag between U.S. and Japan product introductions to six months from three years.@@@@1@19@@oe@2-2-2013
20445020@unknown@formal@none@1@S@Ungermann-Bass Inc. has a bigger share of the computer-network market in Japan than at home.@@@@1@15@@oe@2-2-2013
20445021@unknown@formal@none@1@S@But the Japanese have to go a long way to catch up.@@@@1@12@@oe@2-2-2013
20445022@unknown@formal@none@1@S@Typical is one office of the Ministry of International Trade and Industry's Machinery and Information Industries Bureau -- the main bureaucracy overseeing the computer industry.@@@@1@25@@oe@2-2-2013
20445023@unknown@formal@none@1@S@"Personal Computer" yearbooks are lined up on nearly every desk, and dog-eared copies of Nikkei Computer crowd magazine racks.@@@@1@19@@oe@2-2-2013
20445024@unknown@formal@none@1@S@But amid the two dozen bureaucrats and secretaries sits only one real-life PC.@@@@1@13@@oe@2-2-2013
20445025@unknown@formal@none@1@S@While American PC sales have averaged roughly 25% annual growth since 1984 and West European sales a whopping 40%, Japanese sales were flat for most of that time.@@@@1@28@@oe@2-2-2013
20445026@unknown@formal@none@1@S@Japanese office workers use PCs at half the rate of their European counterparts and one-third that of the Americans.@@@@1@19@@oe@2-2-2013
20445027@unknown@formal@none@1@S@Moreover, Japanese offices tend to use computers less efficiently than American offices do.@@@@1@13@@oe@2-2-2013
20445028@unknown@formal@none@1@S@In the U.S., PCs commonly perform many tasks and plug into a broad network.@@@@1@14@@oe@2-2-2013
20445029@unknown@formal@none@1@S@In Japan, many desktop terminals are limited to one function and can't communicate with other machines.@@@@1@16@@oe@2-2-2013
20445030@unknown@formal@none@1@S@The market planning and sales promotion office of Nomura Securities Co., for example, has more than 30 computers for its 60 workers, a respectable ratio.@@@@1@25@@oe@2-2-2013
20445031@unknown@formal@none@1@S@But the machines aren't on employees' desks; they ring the perimeter of the large office.@@@@1@15@@oe@2-2-2013
20445032@unknown@formal@none@1@S@Some machines make charts for presentations.@@@@1@6@@oe@2-2-2013
20445033@unknown@formal@none@1@S@Others analyze the data.@@@@1@4@@oe@2-2-2013
20445034@unknown@formal@none@1@S@To transfer information from one to the other, employees make printouts and enter the data manually.@@@@1@16@@oe@2-2-2013
20445035@unknown@formal@none@1@S@To transmit charts to branch offices, they use a fax machine.@@@@1@11@@oe@2-2-2013
20445036@unknown@formal@none@1@S@Meanwhile, a woman sitting next to a new Fujitsu terminal writes stock-market information on a chart with a pencil and adds it up with a hand calculator.@@@@1@27@@oe@2-2-2013
20445037@unknown@formal@none@1@S@In an efficient setup, the same PC could perform all those tasks.@@@@1@12@@oe@2-2-2013
20445038@unknown@formal@none@1@S@In the U.S., more than half the PC software sold is either for spreadsheets or for database analysis, according to Lotus.@@@@1@21@@oe@2-2-2013
20445039@unknown@formal@none@1@S@In Japan, those functions account for only about a third of the software market.@@@@1@14@@oe@2-2-2013
20445040@unknown@formal@none@1@S@Machines dedicated solely to word processing, which have all but disappeared in the U.S., are still more common in Japan than PCs.@@@@1@22@@oe@2-2-2013
20445041@unknown@formal@none@1@S@In the U.S., one-fifth of the office PCs are hooked up to some sort of network.@@@@1@16@@oe@2-2-2013
20445042@unknown@formal@none@1@S@In Japan, about 1% are linked.@@@@1@6@@oe@2-2-2013
20445043@unknown@formal@none@1@S@"Computers here are used for data gathering," says Roger J. Boisvert, who manages the integrated-technologies group in McKinsey & Co.'s Tokyo office.@@@@1@22@@oe@2-2-2013
20445044@unknown@formal@none@1@S@Some Japanese operations, such as securities-trading rooms, may be ahead of their American counterparts, he says, but "basically, there's little analysis done on computers in Japan."@@@@1@26@@oe@2-2-2013
20445045@unknown@formal@none@1@S@Of course, simply buying computers doesn't always solve problems, and many American companies have erred by purchasing technology they didn't understand.@@@@1@21@@oe@2-2-2013
20445046@unknown@formal@none@1@S@But healthy skepticism is only a small reason for Japan's PC lag.@@@@1@12@@oe@2-2-2013
20445047@unknown@formal@none@1@S@Various cultural and economic forces have suppressed demand.@@@@1@8@@oe@2-2-2013
20445048@unknown@formal@none@1@S@Because the Japanese "alphabet" is so huge, Japan has no history of typewriter use, and so "keyboard allergy," especially among older workers, remains a common affliction.@@@@1@26@@oe@2-2-2013
20445049@unknown@formal@none@1@S@"I have no experience before with such sophisticated machinery," says Matsuo Toshimitsu, a 66-year-old executive vice president of Japan Air Lines, explaining his reluctance before accepting a terminal in his office this summer.@@@@1@33@@oe@2-2-2013
20445050@unknown@formal@none@1@S@While most American employees have their own private space, Japanese "salarymen" usually share large, common tables and rely heavily on old-fashioned personal contact.@@@@1@23@@oe@2-2-2013
20445051@unknown@formal@none@1@S@Top Japanese executives often make decisions based on consensus and personal relationships rather than complex financial projections and fancy presentations.@@@@1@20@@oe@2-2-2013
20445052@unknown@formal@none@1@S@And Japan's management system makes it hard to impose a single, integrated computer system corporatewide.@@@@1@15@@oe@2-2-2013
20445053@unknown@formal@none@1@S@Besides, a computer processing the Japanese language needs a huge memory and much processing capability, while the screen and printer need far better definition to depict accurately the intricate symbols.@@@@1@30@@oe@2-2-2013
20445054@unknown@formal@none@1@S@Until recently, much of the necessary technology has been unavailable or at least unaffordable.@@@@1@14@@oe@2-2-2013
20445055@unknown@formal@none@1@S@Some analysts estimate the average PC costs about 50% more in Japan than the U.S.@@@@1@15@@oe@2-2-2013
20445056@unknown@formal@none@1@S@But the complex language isn't the only reason.@@@@1@8@@oe@2-2-2013
20445057@unknown@formal@none@1@S@For the past decade, NEC Corp. has owned more than half the Japanese PC market and ruled it with near-monopoly power.@@@@1@21@@oe@2-2-2013
20445058@unknown@formal@none@1@S@With little competition, the computer industry here is inefficient.@@@@1@9@@oe@2-2-2013
20445059@unknown@formal@none@1@S@The U.S. market, too, is dominated by a giant, International Business Machines Corp.@@@@1@13@@oe@2-2-2013
20445060@unknown@formal@none@1@S@But early on, IBM offered its basic design to anybody wanting to copy it.@@@@1@14@@oe@2-2-2013
20445061@unknown@formal@none@1@S@Dozens of small companies did, swiftly establishing a standard operating system.@@@@1@11@@oe@2-2-2013
20445062@unknown@formal@none@1@S@That spurs competition and growth, allows users to change and mix brands easily, and increases software firms' incentive to write packages because they can be sold to users of virtually any computer.@@@@1@32@@oe@2-2-2013
20445063@unknown@formal@none@1@S@If a record industry lacked a common standard, Sony CD owners could listen to a Sony version of Madonna's "Like a Prayer" but not one made for a Panasonic player.@@@@1@30@@oe@2-2-2013
20445064@unknown@formal@none@1@S@That is the state of Japan's computer industry.@@@@1@8@@oe@2-2-2013
20445065@unknown@formal@none@1@S@NEC won't release its code, and every one of the dozen or so makers has its own proprietary operating system -- all incompatible with each other.@@@@1@26@@oe@2-2-2013
20445066@unknown@formal@none@1@S@IBM established its standard to try to stop falling behind upstart Apple Computer, but NEC was ahead from the start and didn't need to invite in competitive allies.@@@@1@28@@oe@2-2-2013
20445067@unknown@formal@none@1@S@Meanwhile, the big players haven't tried to copy the NEC standard.@@@@1@11@@oe@2-2-2013
20445068@unknown@formal@none@1@S@Corporate pride as well as the close ties common among Japanese manufacturers help explain why.@@@@1@15@@oe@2-2-2013
20445069@unknown@formal@none@1@S@Most rivals "have a working relationship with NEC, often through cross-licensing of technology," the Japan Personal Computer Software Association noted recently.@@@@1@21@@oe@2-2-2013
20445070@unknown@formal@none@1@S@"They hesitate to market NEC-compatible machines; NEC disapproves of such machines, and marketing one would jeopardize their relationship."@@@@1@18@@oe@2-2-2013
20445071@unknown@formal@none@1@S@The result, according to many analysts, is higher prices and less innovation.@@@@1@12@@oe@2-2-2013
20445072@unknown@formal@none@1@S@While tens of thousands of software packages using the IBM standard are available in the U.S., they say only about 8,000 are written for NEC.@@@@1@25@@oe@2-2-2013
20445073@unknown@formal@none@1@S@A year ago, Japan's Fair Trade Commission warned NEC about possible violations of anti-monopoly laws for discouraging retailers from discounting.@@@@1@20@@oe@2-2-2013
20445074@unknown@formal@none@1@S@In Japan, "software is four to five years behind the U.S. because hardware is four to five years behind, because NEC is enjoying a monopoly," complains Kazuhiko Nishi, the president of Ascii Corp., one of Japan's leading PC-magazine publishing and software companies.@@@@1@42@@oe@2-2-2013
20445075@unknown@formal@none@1@S@"There are no price wars, no competition."@@@@1@7@@oe@2-2-2013
20445076@unknown@formal@none@1@S@An NEC spokeswoman responds that prices are higher in Japan because customers put a greater emphasis on quality and service than they do in the U.S.@@@@1@26@@oe@2-2-2013
20445077@unknown@formal@none@1@S@She adds that some technological advances trail those in the U.S. because the Japanese still import basic operating systems from American companies.@@@@1@22@@oe@2-2-2013
20445078@unknown@formal@none@1@S@But the market is changing.@@@@1@5@@oe@2-2-2013
20445079@unknown@formal@none@1@S@The government is funding several projects to push PC use.@@@@1@10@@oe@2-2-2013
20445080@unknown@formal@none@1@S@Over the next three years, public schools will get 1.5 million PCs, a 15-fold increase from current levels.@@@@1@18@@oe@2-2-2013
20445081@unknown@formal@none@1@S@In the private sector, practically every major company is setting explicit goals to increase employees' exposure to computers.@@@@1@18@@oe@2-2-2013
20445082@unknown@formal@none@1@S@Toyota Motor Corp.'s sales offices in Japan have one-tenth the computers per employee that its own U.S. offices do; over the next five years, it is aiming for rough parity.@@@@1@30@@oe@2-2-2013
20445083@unknown@formal@none@1@S@Within a year, Kao Corp., a major cosmetics company, plans to eliminate 1,000 clerical jobs by putting on a central computer network some work, such as credit reports, currently performed in 22 separate offices.@@@@1@34@@oe@2-2-2013
20445084@unknown@formal@none@1@S@By increasing the number of PCs it uses from 66 to 1,000, Omron Tateishi Electronics Co., of Kyoto, hopes not only to make certain tasks easier but also to transform the way the company is run.@@@@1@36@@oe@2-2-2013
20445085@unknown@formal@none@1@S@"Managers have long been those who supervise their subordinates so orders would be properly acted on," a spokesman says.@@@@1@19@@oe@2-2-2013
20445086@unknown@formal@none@1@S@"But new managers will have to be creators and innovators . . . and for that purpose it is necessary to create an environment where information from both inside and outside the company can be reached easily, and also shared."@@@@1@40@@oe@2-2-2013
20445087@unknown@formal@none@1@S@Meanwhile, more computer makers now are competing for the new business.@@@@1@11@@oe@2-2-2013
20445088@unknown@formal@none@1@S@Seiko Epson Corp., a newcomer to the industry, fought off a legal challenge and started selling NEC clones last year.@@@@1@20@@oe@2-2-2013
20445089@unknown@formal@none@1@S@It has won about 15% of the retail PC market.@@@@1@10@@oe@2-2-2013
20445090@unknown@formal@none@1@S@Sony Corp., which temporarily dropped out of the PC business three years ago, started selling its work station in 1987 and quickly became the leading Japanese company in that market.@@@@1@30@@oe@2-2-2013
20445091@unknown@formal@none@1@S@In a country where elbow room is scarce, laptop machines will take a large portion of the industry's future growth.@@@@1@20@@oe@2-2-2013
20445092@unknown@formal@none@1@S@Toshiba Corp. busted open that sector this summer with a notebook-sized machine that retails for less than 200,000 yen (under $1,500) -- one of the smallest, cheapest PCs available in the country.@@@@1@32@@oe@2-2-2013
20445093@unknown@formal@none@1@S@Fujitsu Ltd. is lavishing the most expensive promotion campaign in its history -- including a 100,000-guest bash at Tokyo Dome -- for its sophisticated sound/graphics FM Towns machine, which it advertises for everything from balancing the family checkbook to practicing karaoke, bar singing.@@@@1@43@@oe@2-2-2013
20445094@unknown@formal@none@1@S@Many of the companies are even dropping their traditional independence and trying to band together to create some sort of standard.@@@@1@21@@oe@2-2-2013
20445095@unknown@formal@none@1@S@Two years ago, most of the smaller makers joined under the Microsoft Corp. umbrella to adopt a version of the American IBM AT standard.@@@@1@24@@oe@2-2-2013
20445096@unknown@formal@none@1@S@That hasn't generated much sales, but this summer Microsoft rallied all the major NEC competitors to make their new machines compatible with the IBM OS/2 standard.@@@@1@26@@oe@2-2-2013
20445097@unknown@formal@none@1@S@A healthy, coherent Japanese market could also make it far easier for Japanese companies to sell overseas, where their share is still minimal.@@@@1@23@@oe@2-2-2013
20445098@unknown@formal@none@1@S@But it could also help American companies, which also are starting to try to open the market.@@@@1@17@@oe@2-2-2013
20445099@unknown@formal@none@1@S@As with many other goods, the American share of Japan's PC market is far below that in the rest of the world.@@@@1@22@@oe@2-2-2013
20445100@unknown@formal@none@1@S@U.S. makers have under 10% share, compared with half the market in Europe and 80% at home.@@@@1@17@@oe@2-2-2013
20445101@unknown@formal@none@1@S@Though no formal trade barriers exist, the Japanese computer industry is difficult for outsiders to enter.@@@@1@16@@oe@2-2-2013
20445102@unknown@formal@none@1@S@"If it were an open market, we would have been in in 1983 or 1984," says Eckhard Pfeiffer, who heads Compaq Computer Corp.'s European and international operations.@@@@1@27@@oe@2-2-2013
20445103@unknown@formal@none@1@S@His company, without any major effort, sells more machines in China than in Japan.@@@@1@14@@oe@2-2-2013
20445104@unknown@formal@none@1@S@Although it has opened a New Zealand subsidiary, it is still only "studying" Japan, the only nation that hasn't adopted IBM-oriented specifications.@@@@1@22@@oe@2-2-2013
20445105@unknown@formal@none@1@S@And because general retail centers such as ComputerLand have little presence in Japan, sales remain in the iron grip of established computer makers.@@@@1@23@@oe@2-2-2013
20445106@unknown@formal@none@1@S@But the Americans are also to blame.@@@@1@7@@oe@2-2-2013
20445107@unknown@formal@none@1@S@They long made little effort here.@@@@1@6@@oe@2-2-2013
20445108@unknown@formal@none@1@S@IBM, though long a leader in the Japanese mainframe business, didn't introduce its first PC in Japan until five years after NEC did, and that wasn't compatible even with the U.S. IBM standard.@@@@1@33@@oe@2-2-2013
20445109@unknown@formal@none@1@S@Apple didn't introduce a kanji machine -- one that handles the Chinese characters of written Japanese -- until three years after entering the market.@@@@1@24@@oe@2-2-2013
20445110@unknown@formal@none@1@S@Critics also say American companies charge too much.@@@@1@8@@oe@2-2-2013
20445111@unknown@formal@none@1@S@Japan's FTC says it is investigating Apple for allegedly discouraging retailers from discounting.@@@@1@13@@oe@2-2-2013
20445112@unknown@formal@none@1@S@But the U.S. companies are redoubling their efforts.@@@@1@8@@oe@2-2-2013
20445113@unknown@formal@none@1@S@Apple recently hired its first Japanese president, luring away an official of Toshiba's European operations, as well as a whole Japanese top-management team.@@@@1@23@@oe@2-2-2013
20445114@unknown@formal@none@1@S@Earlier this year, it introduced a much more powerful kanji operating system and a kanji laser printer.@@@@1@17@@oe@2-2-2013
20445115@unknown@formal@none@1@S@IBM just last year started selling its first machine that could run in both Japanese and English and that substantially enhances compatibility with its American products.@@@@1@26@@oe@2-2-2013
20445116@unknown@formal@none@1@S@"It may take five years to break even in Japan," says John A. Siniscal, who runs the Asia-Pacific office for McCormack & Dodge, a U.S. software company.@@@@1@27@@oe@2-2-2013
20445117@unknown@formal@none@1@S@"But it's an enormous business opportunity.@@@@1@6@@oe@2-2-2013
20446001@unknown@formal@none@1@S@From a reading of the somewhat scant English-language medical literature on RU-486, the French abortion pill emerges as one of the creepiest concoctions around.@@@@1@24@@oe@2-2-2013
20446002@unknown@formal@none@1@S@This is not only because it kills the unborn, a job at which it actually is not outstandingly efficient, zapping only 50% to 85% of them depending on which study you read (prostaglandin, taken in conjunction with the pill, boosts the rate to 95%).@@@@1@44@@oe@2-2-2013
20446003@unknown@formal@none@1@S@By contrast, surgical abortion is 99% effective.@@@@1@7@@oe@2-2-2013
20446004@unknown@formal@none@1@S@Abortion via the pill is far more of an ordeal than conventional surgical abortion.@@@@1@14@@oe@2-2-2013
20446005@unknown@formal@none@1@S@It is time-consuming (the abortion part alone lasts three days, and the clinical part comprises a week's worth of visits), bloody (one woman in a Swedish trial required a transfusion, although for most it resembles a menstrual period, with bleeding lasting an average of 10 days), and painful (many women require analgesic shots to ease them through).@@@@1@57@@oe@2-2-2013
20446006@unknown@formal@none@1@S@Nausea and vomiting are other common side effects.@@@@1@8@@oe@2-2-2013
20446007@unknown@formal@none@1@S@Timing is of the essence with RU-486.@@@@1@7@@oe@2-2-2013
20446008@unknown@formal@none@1@S@It is most effective taken about a week after a woman misses her menstrual period up through the seventh week of pregnancy, when it is markedly less effective.@@@@1@28@@oe@2-2-2013
20446009@unknown@formal@none@1@S@That is typically about a three-week window.@@@@1@7@@oe@2-2-2013
20446010@unknown@formal@none@1@S@So far, all the studies have concluded that RU-486 is "safe."@@@@1@11@@oe@2-2-2013
20446011@unknown@formal@none@1@S@But "safe," in the definition of Marie Bass of the Reproductive Health Technologies Project, means "there's been no evidence so far of mortality."@@@@1@23@@oe@2-2-2013
20446012@unknown@formal@none@1@S@No one has researched the long-term effects of RU-486 on a woman's health or fertility.@@@@1@15@@oe@2-2-2013
20446013@unknown@formal@none@1@S@The drug seems to suppress ovulation for three to seven months after it is taken.@@@@1@15@@oe@2-2-2013
20446014@unknown@formal@none@1@S@Some women clearly have no trouble eventually conceiving again: The studies have reported repeaters in their programs.@@@@1@17@@oe@2-2-2013
20446015@unknown@formal@none@1@S@But there are no scientific data on this question.@@@@1@9@@oe@2-2-2013
20446016@unknown@formal@none@1@S@Rather ominously, rabbit studies reveal that RU-486 can cause birth defects, Lancet, the British medical journal, reported in 1987.@@@@1@19@@oe@2-2-2013
20446017@unknown@formal@none@1@S@However, Dr. Etienne-Emile Baulieu, the French physician who invented RU-486, wrote in a Science magazine article last month that the rabbit-test results could not be duplicated in rats and monkeys.@@@@1@30@@oe@2-2-2013
20446018@unknown@formal@none@1@S@The drug has a three-dimensional structure similar to that of DES, the anti-miscarriage drug that has been linked to cervical and vaginal cancer in some of the daughters of the women who took it.@@@@1@34@@oe@2-2-2013
20446019@unknown@formal@none@1@S@All the published studies recommend that women on whom the drug proves ineffective not carry the pregnancy to term but undergo a surgical abortion.@@@@1@24@@oe@2-2-2013
20446020@unknown@formal@none@1@S@A risk of birth defects, a sure source of lawsuits, is one reason the U.S. pharmaceutical industry is steering clear of RU-486.@@@@1@22@@oe@2-2-2013
20446021@unknown@formal@none@1@S@One might well ask: Why bother with this drug at all?@@@@1@11@@oe@2-2-2013
20446022@unknown@formal@none@1@S@Some abortion advocates have been asking themselves this very question.@@@@1@10@@oe@2-2-2013
20446023@unknown@formal@none@1@S@RU-486 "probably represents a technical advance in an area where none is needed, or at least not very much," said Phillip Stubblefield, president of the National Abortion Federation, at a reproductive health conference in 1986.@@@@1@35@@oe@2-2-2013
20446024@unknown@formal@none@1@S@Many physicians have expressed concern over the heavy bleeding, which occurs even if the drug fails to induce an abortion.@@@@1@20@@oe@2-2-2013
20446025@unknown@formal@none@1@S@It typically takes from eight to 10 years to obtain the Food and Drug Administration's approval for a new drug, and the cost of testing and marketing a new drug can range from $30 million to $70 million.@@@@1@38@@oe@2-2-2013
20446026@unknown@formal@none@1@S@The Health and Human Services Department currently forbids the National Institutes of Health from funding abortion research as part of its $8 million contraceptive program.@@@@1@25@@oe@2-2-2013
20446027@unknown@formal@none@1@S@But the Population Council, a 37-year-old, $20 million nonprofit organization that has the backing of the Rockefeller and Mellon foundations and currently subsidizes most U.S. research on contraceptives, has recently been paying for U.S. studies of RU-486 on a license from its French developer, Roussel-Uclaf, a joint subsidiary of the German pharmaceutical company Hoechst and the French government.@@@@1@58@@oe@2-2-2013
20446028@unknown@formal@none@1@S@In the year since the pill went on the French market, the National Organization for Women and its offshoot, former NOW President Eleanor Smeal's Fund for a Feminist Majority, have been trying to browbeat the U.S. pharmaceutical industry into getting involved.@@@@1@41@@oe@2-2-2013
20446029@unknown@formal@none@1@S@(Its scare-tactic prediction: the pill "will be available in the U.S., either legally or illegally, in no more than 2-5 years.")@@@@1@21@@oe@2-2-2013
20446030@unknown@formal@none@1@S@Following the feminist and population-control lead has been a generally bovine press.@@@@1@12@@oe@2-2-2013
20446031@unknown@formal@none@1@S@A June 1988 article in Mother Jones magazine is typical of the general level of media ignorance.@@@@1@17@@oe@2-2-2013
20446032@unknown@formal@none@1@S@"For a woman whose period is late, using RU-486 means no waiting, no walking past picket lines at abortion clinics, and no feet up in stirrups for surgery," burbles health writer Laura Fraser.@@@@1@33@@oe@2-2-2013
20446033@unknown@formal@none@1@S@"It also means she will never have to know whether she had actually been pregnant."@@@@1@15@@oe@2-2-2013
20446034@unknown@formal@none@1@S@Wrong on all counts, Miss Fraser.@@@@1@6@@oe@2-2-2013
20446035@unknown@formal@none@1@S@RU-486 is being administered in France only under strict supervision in the presence of a doctor.@@@@1@16@@oe@2-2-2013
20446036@unknown@formal@none@1@S@(Roussel reportedly has every pill marked and accounted for to make sure none slips into the black market.)@@@@1@18@@oe@2-2-2013
20446037@unknown@formal@none@1@S@Thus, a woman who used RU-486 to have an abortion would have to make three trips to the clinic past those picket lines; an initial visit for medical screening (anemics and those with previous pregnancy problems are eliminated) and to take the pill, a second trip 48 hours later for the prostaglandin, administered either via injection or vaginal suppository, and a third trip a week later to make sure she has completely aborted.@@@@1@73@@oe@2-2-2013
20446038@unknown@formal@none@1@S@Furthermore, because timing is so critical with RU-486, she will learn, via a pelvic examination and ultrasound, not only that she is pregnant, but just how pregnant she is.@@@@1@29@@oe@2-2-2013
20446039@unknown@formal@none@1@S@No doctor who fears malpractice liability would likely expose a non-pregnant patient to the risk of hemorrhaging.@@@@1@17@@oe@2-2-2013
20446040@unknown@formal@none@1@S@Many women may even see the dead embryo they have expelled, a sight the surgical-abortion industry typically spares them.@@@@1@19@@oe@2-2-2013
20446041@unknown@formal@none@1@S@At seven weeks, an embryo is about three-fourths of an inch long and recognizably human.@@@@1@15@@oe@2-2-2013
20446042@unknown@formal@none@1@S@At the behest of pro-choice members of Congress, a four-year reauthorization bill for Title X federal family-planning assistance now contains a $10 million grant for "development, evaluation and bringing to the marketplace of new improved contraceptive devices, drugs and methods."@@@@1@40@@oe@2-2-2013
20446043@unknown@formal@none@1@S@If this passes -- a Senate version has already been cleared for a floor vote that is likely early next year -- it would put the federal government into the contraceptive marketing business for the first time.@@@@1@37@@oe@2-2-2013
20446044@unknown@formal@none@1@S@It also could put the government into the RU-486 business, which would please feminists dismayed at what they view as pusillanimity in the private-sector drug industry.@@@@1@26@@oe@2-2-2013
20446045@unknown@formal@none@1@S@We do not know whether RU-486 will be as disastrous as some of the earlier fertility-control methods released to unblinking, uncritical cheers from educated people who should have known better.@@@@1@30@@oe@2-2-2013
20446046@unknown@formal@none@1@S@(Remember the Dalkon Shield and the early birth-control pills?)@@@@1@9@@oe@2-2-2013
20446047@unknown@formal@none@1@S@We will not know until a first generation of female guinea pigs -- all of whom will be more than happy to volunteer for the job -- has put the abortion pill through the clinical test of time.@@@@1@38@@oe@2-2-2013
20446048@unknown@formal@none@1@S@Mrs. Allen is a senior editor of Insight magazine.@@@@1@9@@oe@2-2-2013
20446049@unknown@formal@none@1@S@This article is adapted from one in the October American Spectator.@@@@1@11@@oe@2-2-2013
20447001@unknown@formal@none@1@S@On June 30, a major part of our trade deficit went poof!@@@@1@12@@oe@2-2-2013
20447002@unknown@formal@none@1@S@No figure juggling; no witchcraft; just vastly improved recording of some of our exports.@@@@1@14@@oe@2-2-2013
20447003@unknown@formal@none@1@S@The result?@@@@1@2@@oe@2-2-2013
20447004@unknown@formal@none@1@S@The Commerce Department found that U.S. exports in 1988, net of imports, were understated by $20.9 billion a year and understated at the annualized rate of $25.4 billion in the first quarter of 1989.@@@@1@34@@oe@2-2-2013
20447005@unknown@formal@none@1@S@More than half of the "newly found" net exports were from just a few service-sector categories.@@@@1@16@@oe@2-2-2013
20447006@unknown@formal@none@1@S@Some of the biggest service-industry exporters -- American financial-service companies, for example -- have yet to be fully included in our export statistics.@@@@1@23@@oe@2-2-2013
20447007@unknown@formal@none@1@S@Nearly 10 years ago, representatives of service-sector companies worked out a plan with the Commerce Department to improve the data on service-sector exports.@@@@1@23@@oe@2-2-2013
20447008@unknown@formal@none@1@S@Both groups believed that tens of billions of dollars of service exports -- such as inbound tourism; legal, accounting and other professional services furnished to foreigners; financial, engineering and construction services; and the like -- were not being counted as exports.@@@@1@41@@oe@2-2-2013
20447009@unknown@formal@none@1@S@The monthly "trade deficit" figure is limited to traditional merchandise trade: manufactured goods and raw materials.@@@@1@16@@oe@2-2-2013
20447010@unknown@formal@none@1@S@In the quarterly balance-of-payments report, those merchandise trade figures are merged with statistics on exports and imports of services, as well as returns on investments abroad by Americans and returns on foreign investments in the U.S.@@@@1@36@@oe@2-2-2013
20447011@unknown@formal@none@1@S@Over time, through benchmark surveys, the corrected data on service exports and imports have been gathered.@@@@1@16@@oe@2-2-2013
20447012@unknown@formal@none@1@S@The first three major areas of the service sector to be revamped were expenditures by foreign students in the U.S. (net after expenditures by Americans studying abroad), some exports by professional firms (a law firm billing a German client for services rendered in watching legislation in Washington is as much an export as shipment of an American jet engine), and improved data from travel and tourism.@@@@1@66@@oe@2-2-2013
20447013@unknown@formal@none@1@S@In just these three areas, the Commerce Department found $23 billion more exports than previously reported and $11.6 billion more imports, with the net result that the U.S. service surplus in 1988 increased by $11.3 billion, to $19 billion.@@@@1@39@@oe@2-2-2013
20447014@unknown@formal@none@1@S@Combined with recalculations and revisions in other trade areas, the value of U.S. net exports that had not previously been recorded was about $20 billion a year.@@@@1@27@@oe@2-2-2013
20447015@unknown@formal@none@1@S@That means that the U.S. trade deficit was running closer to $75 billion than to $95 billion in 1988, and $55 billion (annualized) rather than $80 billion in the first quarter of 1989.@@@@1@33@@oe@2-2-2013
20447016@unknown@formal@none@1@S@These revised figures also may explain some of the recent strength of the dollar.@@@@1@14@@oe@2-2-2013
20447017@unknown@formal@none@1@S@The materially smaller trade deficit may have been already discounted in the market.@@@@1@13@@oe@2-2-2013
20447018@unknown@formal@none@1@S@What does this mean for trade policy?@@@@1@7@@oe@2-2-2013
20447019@unknown@formal@none@1@S@Too early to tell, but a trade deficit that is significantly smaller than we imagined does suggest a review of our trade posture.@@@@1@23@@oe@2-2-2013
20447020@unknown@formal@none@1@S@It does not relieve the need for our market-opening efforts for both goods and services, but it does suggest that it is our exports of services, and not just borrowing, that is financing our imports of goods.@@@@1@37@@oe@2-2-2013
20447021@unknown@formal@none@1@S@Mr. Freeman is an executive vice president of American Express.@@@@1@10@@oe@2-2-2013
20448001@unknown@formal@none@1@S@The collapse of a $6.79 billion labor-management buy-out of United Airlines parent UAL Corp. may not stop some of Wall Street's top talent from collecting up to $53.7 million in fees.@@@@1@31@@oe@2-2-2013
20448002@unknown@formal@none@1@S@According to one person familiar with the airline, the buy-out group -- led by United's pilots union and UAL Chairman Stephen Wolf -- has begun billing UAL for fees and expenses it owes to investment bankers, law firms and banks.@@@@1@40@@oe@2-2-2013
20448003@unknown@formal@none@1@S@The tab even covers $8 million in commitment fees owed to Citicorp and Chase Manhattan Corp., even though their failure to obtain $7.2 billion in bank loans for the buy-out was the main reason for its collapse.@@@@1@37@@oe@2-2-2013
20448004@unknown@formal@none@1@S@Under a merger agreement reached Sept. 14, the UAL board agreed to reimburse certain of the buy-out group's expenses out of company funds even if the transaction wasn't completed, provided the group didn't breach the agreement.@@@@1@36@@oe@2-2-2013
20448005@unknown@formal@none@1@S@The failure to obtain financing doesn't by itself constitute a breach.@@@@1@11@@oe@2-2-2013
20448006@unknown@formal@none@1@S@The merger agreement says the buy-out group is entitled to be repaid $26.7 million in fees for its investment bankers, Lazard Freres & Co. and Salomon Brothers Inc., and its law firm, Paul Weiss Rifkind Wharton & Garrison.@@@@1@38@@oe@2-2-2013
20448007@unknown@formal@none@1@S@The buy-out group is also entitled to $16 million to repay a fund created by the pilots union for an employee stock ownership plan.@@@@1@24@@oe@2-2-2013
20448008@unknown@formal@none@1@S@In addition to the $8 million for Citicorp and Chase, Salomon Brothers is also owed $3 million for promising to make a $200 million bridge loan.@@@@1@26@@oe@2-2-2013
20448009@unknown@formal@none@1@S@A spokesman for the buy-out group wasn't immediately available for comment.@@@@1@11@@oe@2-2-2013
20448010@unknown@formal@none@1@S@Separately, UAL stock rose $4 a share to $175 in composite trading on the New York Stock Exchange on reports that Los Angeles investor Marvin Davis has asked United Airlines unions if they're interested in cooperating with Mr. Davis in a new bid for UAL.@@@@1@45@@oe@2-2-2013
20448011@unknown@formal@none@1@S@But neither the pilots nor the machinists appear interested, and Mr. Davis is barred from making a new bid under terms of an agreement he made with UAL in September unless UAL accepts an offer below $300 a share.@@@@1@39@@oe@2-2-2013
20449001@unknown@formal@none@1@S@Wall Street continued to buckle under the public outcry against computer-driven program trading.@@@@1@13@@oe@2-2-2013
20449002@unknown@formal@none@1@S@Kidder, Peabody & Co., a unit of General Electric Co., announced it would stop doing stock-index arbitrage for its own account, and Merrill Lynch & Co. pulled out of the practice altogether.@@@@1@32@@oe@2-2-2013
20449003@unknown@formal@none@1@S@At the New York Stock Exchange, which has been buffeted by complaints from angry individual investors and the exchange's own listed companies, Chairman John J. Phelan Jr. held an emergency meeting with senior partners of some of the Big Board's 49 stock specialist firms.@@@@1@44@@oe@2-2-2013
20449004@unknown@formal@none@1@S@The specialists, a trader said, were "livid" about Mr. Phelan's recent remarks that sophisticated computer-driven trading strategies are "here to stay."@@@@1@21@@oe@2-2-2013
20449005@unknown@formal@none@1@S@Many investors blame program trading for wild swings in the stock market, including the 190-point plunge in the Dow Jones Industrial Average on Oct. 13.@@@@1@25@@oe@2-2-2013
20449006@unknown@formal@none@1@S@A specialist is an exchange member designated to maintain a fair and orderly market in a specified stock.@@@@1@18@@oe@2-2-2013
20449007@unknown@formal@none@1@S@Mr. Phelan's meeting with the floor brokers comes as he prepares to explain the exchange's position on program trading to key congressional regulators in a closed session tomorrow, according to exchange officials.@@@@1@32@@oe@2-2-2013
20449008@unknown@formal@none@1@S@A Big Board spokesman would only say, "We're working the problem and looking at the issue and meeting with a broad number of customers and constituents to get their views and ideas on the issue."@@@@1@35@@oe@2-2-2013
20449009@unknown@formal@none@1@S@The program-trading outcry was taken to a new level when giant Contel Corp. said it and 20 or more of the Big Board's listed companies are forming an unprecedented alliance to complain about the exchange's role in program trading.@@@@1@39@@oe@2-2-2013
20449010@unknown@formal@none@1@S@The decision by Merrill, the nation's largest securities firm, represents the biggest retreat yet from program trading.@@@@1@17@@oe@2-2-2013
20449011@unknown@formal@none@1@S@Merrill has been the fourth-biggest stock-index arbitrage trader on the Big Board this year, executing an average of 18.1 million shares a month in such trades, or about one million shares a day.@@@@1@33@@oe@2-2-2013
20449012@unknown@formal@none@1@S@Merrill's move is one of the most sweeping program-trading pullbacks of recent days, because the big securities firm will no longer execute stock-index arbitrage trades for customers.@@@@1@27@@oe@2-2-2013
20449013@unknown@formal@none@1@S@Most Wall Street firms, in pulling back, have merely stopped such trading for their own accounts.@@@@1@16@@oe@2-2-2013
20449014@unknown@formal@none@1@S@Merrill has been one of the main firms executing index arbitrage for customers.@@@@1@13@@oe@2-2-2013
20449015@unknown@formal@none@1@S@Merrill also said it is lobbying for significant regulatory controls on program trading, including tough margin -- or down-payment -- requirements and limits on price moves for program-driven financial futures.@@@@1@30@@oe@2-2-2013
20449016@unknown@formal@none@1@S@Merrill, in a statement by Chairman William A. Schreyer and President Daniel P. Tully, said index arbitrage "has been clearly identified in the investing public's mind as a contributing factor to excess market volatility," so Merrill won't execute such trades until "effective controls" are in place.@@@@1@46@@oe@2-2-2013
20449017@unknown@formal@none@1@S@In stock-index arbitrage, traders buy and sell large amounts of stocks with offsetting trades in stock-index futures and options.@@@@1@19@@oe@2-2-2013
20449018@unknown@formal@none@1@S@The idea is to lock in profits from short-term swings in volatile markets.@@@@1@13@@oe@2-2-2013
20449019@unknown@formal@none@1@S@Last Thursday, PaineWebber Group Inc. also said it would cease index arbitrage altogether, but the firm wasn't as big an index arbitrager as Merrill is.@@@@1@25@@oe@2-2-2013
20449020@unknown@formal@none@1@S@Other large firms, including Bear, Stearns & Co. and Morgan Stanley & Co., last week announced a pullback from index arbitrage, but only for the firms' own accounts.@@@@1@28@@oe@2-2-2013
20449021@unknown@formal@none@1@S@Kidder made an abrupt about-face on program trading yesterday, after a special meeting between the firm's president and chief executive officer, Michael Carpenter, and its senior managers.@@@@1@27@@oe@2-2-2013
20449022@unknown@formal@none@1@S@Just a week ago, Mr. Carpenter staunchly defended index arbitrage at Kidder, the most active index-arbitrage trading firm on the stock exchange this year.@@@@1@24@@oe@2-2-2013
20449023@unknown@formal@none@1@S@Index arbitrage, Mr. Carpenter said last week, doesn't have a "negative impact on the market as a whole" and Kidder's customers were "sophisticated" enough to know that.@@@@1@27@@oe@2-2-2013
20449024@unknown@formal@none@1@S@But yesterday, Mr. Carpenter said big institutional investors, which he wouldn't identify, "told us they wouldn't do business with firms" that continued to do index arbitrage for their own accounts.@@@@1@30@@oe@2-2-2013
20449025@unknown@formal@none@1@S@"We were following the trend of our competitors who were under pressure from institutions," he said.@@@@1@16@@oe@2-2-2013
20449026@unknown@formal@none@1@S@Kidder so far this year has executed a monthly average of 37.8 million shares in index-arbitrage trading, and is second only to Morgan Stanley in overall program trading, which includes index arbitrage.@@@@1@32@@oe@2-2-2013
20449027@unknown@formal@none@1@S@Most of Kidder's program trading is for its own account, according to the New York Stock Exchange.@@@@1@17@@oe@2-2-2013
20449028@unknown@formal@none@1@S@Kidder denied that GE's chairman and chief executive, John F. Welch, had anything to do with Kidder's decision.@@@@1@18@@oe@2-2-2013
20449029@unknown@formal@none@1@S@But at least one chief executive said he called Mr. Welch to complain about Kidder's aggressive use of program trading, and other market sources said they understood that Mr. Welch received many phone calls complaining about Kidder's reliance on index arbitrage as a major business.@@@@1@45@@oe@2-2-2013
20449030@unknown@formal@none@1@S@Kidder has generally been sensitive to suggestions that GE makes decisions for its Kidder unit.@@@@1@15@@oe@2-2-2013
20449031@unknown@formal@none@1@S@"Our decision had nothing to do with any pressure Mr. Welch received," Mr. Carpenter said.@@@@1@15@@oe@2-2-2013
20449032@unknown@formal@none@1@S@"This was a Kidder Peabody stand-alone decision."@@@@1@7@@oe@2-2-2013
20449033@unknown@formal@none@1@S@A spokeswoman for GE in Fairfield, Conn., said, "Absolutely no one spoke to Jack Welch on this subject" and added, "Anyone who claims they talked to Jack Welch isn't telling the truth."@@@@1@32@@oe@2-2-2013
20449034@unknown@formal@none@1@S@Supporters of index arbitrage haven't been publicly sticking up for the trading strategy, as some did during the post-crash outcry of 1987.@@@@1@22@@oe@2-2-2013
20449035@unknown@formal@none@1@S@But Merrill Lynch, in its statement about pulling out of index arbitrage, suggested that the current debate has missed the mark.@@@@1@21@@oe@2-2-2013
20449036@unknown@formal@none@1@S@Merrill said it continues to believe that "the causes of excess market volatility are far more complex than any particular computer trading strategy.@@@@1@23@@oe@2-2-2013
20449037@unknown@formal@none@1@S@Indeed, there are legitimate hedging strategies used by managers of large portfolios such as pension funds that involve program trading as a means of protecting the assets of their pension beneficiaries."@@@@1@31@@oe@2-2-2013
20449038@unknown@formal@none@1@S@Merrill's index arbitragers will continue to do other kinds of computer-assisted program trading, so there probably won't be any layoffs at the firm, people familiar with Merrill's program operation said.@@@@1@30@@oe@2-2-2013
20449039@unknown@formal@none@1@S@Meanwhile, Bear Stearns Chairman and Chief Executive Alan C. Greenberg said his firm will continue stock-index arbitrage for its clients.@@@@1@20@@oe@2-2-2013
20449040@unknown@formal@none@1@S@At the firm's annual meeting last night, he told shareholders that index arbitrage won't go away, despite the public outcry.@@@@1@20@@oe@2-2-2013
20449041@unknown@formal@none@1@S@"If they think they are going to stop index arbitrage by causing a few Wall Street firms to quit, they are crazy," Mr. Greenberg said.@@@@1@25@@oe@2-2-2013
20449042@unknown@formal@none@1@S@"It's not going to stop it at all."@@@@1@8@@oe@2-2-2013
20449043@unknown@formal@none@1@S@Mr. Greenberg, noting that stock-index arbitrage rises and ebbs with stock market's volatility, said that for the first four months of the firm's fiscal year beginning in July, stock-index arbitrage had been a "break-even" proposition for Bear Stearns.@@@@1@38@@oe@2-2-2013
20449044@unknown@formal@none@1@S@In response to a shareholder's suggestion, Mr. Greenberg agreed that European firms will simply pick up the index-arbitrage business left behind by U.S. institutions.@@@@1@24@@oe@2-2-2013
20449045@unknown@formal@none@1@S@Pressure from big institutional investors has been the major catalyst for Wall Street's program-trading pullback.@@@@1@15@@oe@2-2-2013
20449046@unknown@formal@none@1@S@And there was speculation yesterday that Fidelity Investments and other large mutual-fund companies might soon follow the lead of Kemper Corp. and other institutions in cutting off trading business to securities firms that do program trading.@@@@1@36@@oe@2-2-2013
20449047@unknown@formal@none@1@S@A Fidelity spokesman in Boston denied the speculation, saying the program-trading issue was more of a regulatory problem.@@@@1@18@@oe@2-2-2013
20449048@unknown@formal@none@1@S@But a much smaller mutual fund company, the USAA Investment Management Co. unit of USAA, San Antonio, Texas, said it informed nine national brokerage firms it will cease business with them unless they stop index-arbitrage trading.@@@@1@36@@oe@2-2-2013
20449049@unknown@formal@none@1@S@USAA, with 400,000 mutual fund accounts, manages more than $10 billion, $2 billion of which is in the stock market.@@@@1@20@@oe@2-2-2013
20449050@unknown@formal@none@1@S@Michael J.C. Roth, USAA executive vice president, called program trading "mindless."@@@@1@11@@oe@2-2-2013
20449051@unknown@formal@none@1@S@He said there is "no valid investment reason" for stock-index futures to exist.@@@@1@13@@oe@2-2-2013
20449052@unknown@formal@none@1@S@A program-bashing move is clearly on.@@@@1@6@@oe@2-2-2013
20449053@unknown@formal@none@1@S@Charles Wohlstetter, chairman of Contel, who is helping organize the alliance of Big Board-listed firms, said he had no time to work yesterday because he received so many phone calls, faxes and letters supporting his view that the Big Board has been turned into a "gambling casino" by program traders.@@@@1@50@@oe@2-2-2013
20449054@unknown@formal@none@1@S@"We are reaching the moment of truth" on Wall Street, said Rep. Edward J. Markey (D., Mass.), chairman of the House subcommittee on telecommunications and finance.@@@@1@26@@oe@2-2-2013
20449055@unknown@formal@none@1@S@"{Wall Street} is beginning to realize -- as Shakespeare said -- the trouble is not in our stars, but in ourselves."@@@@1@21@@oe@2-2-2013
20449056@unknown@formal@none@1@S@Craig Torres and Anne Newman contributed to this article.@@@@1@9@@oe@2-2-2013
20450001@unknown@formal@none@1@S@An ancient red-figured Greek kylix, or drinking cup, was recovered backstage at Sotheby's this spring and has been returned to the Manhattan couple who lost it in a burglary three years ago.@@@@1@32@@oe@2-2-2013
20450002@unknown@formal@none@1@S@Robert Guy, an associate curator at the Princeton Art Museum, was previewing a June antiquities sale at the auction house when he recognized the kylix, which he, as a specialist in Attic pottery and a careful reader of the Stolen Art Alert in "IFAR Reports," knew was stolen.@@@@1@48@@oe@2-2-2013
20450003@unknown@formal@none@1@S@The timing of his visit was fortuitous; the man who had brought it in for an estimate had returned to collect it and was waiting in the hall.@@@@1@28@@oe@2-2-2013
20450004@unknown@formal@none@1@S@To confirm Mr. Guy's identification, Sotheby's and IFAR exchanged photos by fax, and the waiting man, apparently innocent of knowledge that the kylix was stolen, agreed to release it.@@@@1@29@@oe@2-2-2013
20450005@unknown@formal@none@1@S@The cup had been insured, and in short order it was given over to a Chubb & Son representative.@@@@1@19@@oe@2-2-2013
20450006@unknown@formal@none@1@S@The original owners happily repaid the claim and took their kylix home.@@@@1@12@@oe@2-2-2013
20450007@unknown@formal@none@1@S@A former curator of the Museum of Cartoon Art in Rye Brook, N.Y., pleaded guilty in July to stealing and selling original signed and dated comic strips, among them 29 Dick Tracy strips by Chester Gould, 77 Prince Valiant Sunday cartoons by Hal Foster, and a dozen Walt Disney animation celluloids, according to Barbara Hammond, the museum's director.@@@@1@58@@oe@2-2-2013
20450008@unknown@formal@none@1@S@He sold them well below market value to raise cash "to pay off mounting credit-card debts," incurred to buy presents for his girlfriend, his attorney, Philip Russell, told IFAR.@@@@1@29@@oe@2-2-2013
20450009@unknown@formal@none@1@S@The curator, 27-year-old Sherman Krisher of Greenwich, Conn., had worked his way up from janitor in seven years at the museum.@@@@1@21@@oe@2-2-2013
20450010@unknown@formal@none@1@S@The theft was discovered early this year, soon after Ms. Hammond took her post.@@@@1@14@@oe@2-2-2013
20450011@unknown@formal@none@1@S@Sentencing was postponed on Aug. 18, when Mr. Krisher was hospitalized for depression.@@@@1@13@@oe@2-2-2013
20450012@unknown@formal@none@1@S@His efforts to get back the stolen strips had resulted in recovery of just three.@@@@1@15@@oe@2-2-2013
20450013@unknown@formal@none@1@S@But on Oct. 6, he had reason to celebrate.@@@@1@9@@oe@2-2-2013
20450014@unknown@formal@none@1@S@Two days earlier, his attorney met in a Park Avenue law office with a cartoon dealer who expected to sell 44 of the most important stolen strips to Mr. Russell for $62,800.@@@@1@32@@oe@2-2-2013
20450015@unknown@formal@none@1@S@Instead, New York City police seized the stolen goods, and Mr. Krisher avoided jail.@@@@1@14@@oe@2-2-2013
20450016@unknown@formal@none@1@S@He was sentenced to 500 hours of community service and restitution to the museum of $45,000.@@@@1@16@@oe@2-2-2013
20450017@unknown@formal@none@1@S@Authorities at London's Heathrow Airport are investigating the disappearance of a Paul Gauguin watercolor, "Young Tahitian Woman in a Red Pareo," that has two sketches on its verso (opposite) side.@@@@1@30@@oe@2-2-2013
20450018@unknown@formal@none@1@S@Valued at $1.3 million, it was part of a four-crate shipment.@@@@1@11@@oe@2-2-2013
20450019@unknown@formal@none@1@S@The air-waybill number was changed en route, and paper work showing that the crates had cleared customs was misplaced, so it was a week before three of the four crates could be located in a bonded warehouse and the Gauguin discovered missing.@@@@1@42@@oe@2-2-2013
20450020@unknown@formal@none@1@S@Although Heathrow authorities have been watching a group of allegedly crooked baggage handlers for some time, the Gauguin may be "lost."@@@@1@21@@oe@2-2-2013
20450021@unknown@formal@none@1@S@Chief Inspector Peter Seacomb of the Criminal Investigation Department at the airport said, "It is not uncommon for property to be temporarily mislaid or misrouted."@@@@1@25@@oe@2-2-2013
20450022@unknown@formal@none@1@S@Officials at the University of Virginia Art Museum certainly would agree.@@@@1@11@@oe@2-2-2013
20450023@unknown@formal@none@1@S@Their museum had purchased an Attic black-figured column krater and shipped it from London.@@@@1@14@@oe@2-2-2013
20450024@unknown@formal@none@1@S@It was reported stolen in transit en route to Washington, D.C., in February.@@@@1@13@@oe@2-2-2013
20450025@unknown@formal@none@1@S@Months later, the Greek vase arrived in good condition at the museum in Charlottesville, having inexplicably traveled by a circuitous route through Nairobi.@@@@1@23@@oe@2-2-2013
20450026@unknown@formal@none@1@S@Two Mexican college dropouts, not professional art thieves, have been arrested for a 1985 Christmas Eve burglary from the National Museum of Anthropology in Mexico City.@@@@1@26@@oe@2-2-2013
20450027@unknown@formal@none@1@S@About 140 Mayan, Aztec, Mixtec and Zapotec objects, including some of Mexico's best-known archaeological treasures, were taken.@@@@1@17@@oe@2-2-2013
20450028@unknown@formal@none@1@S@The government offered a reward for the return of the antiquities, but routine police work led to the recovery.@@@@1@19@@oe@2-2-2013
20450029@unknown@formal@none@1@S@As it turned out, Carlos Perches Trevino and Ramon Sardina Garcia had hidden the haul in a closet in the Perches family's home for a year.@@@@1@26@@oe@2-2-2013
20450030@unknown@formal@none@1@S@Then they took the art to Acapulco and began to trade some of it for cocaine.@@@@1@16@@oe@2-2-2013
20450031@unknown@formal@none@1@S@Information from an arrested drug trafficker led to the two men and the recovery of almost all the stolen art.@@@@1@20@@oe@2-2-2013
20450032@unknown@formal@none@1@S@Among other happy news bulletins from the German Democratic Republic, the Leipzig Museum of Fine Arts announced that it has recovered "Cemetery in the Snow," a painting by the German Romantic painter Caspar David Friedrich.@@@@1@35@@oe@2-2-2013
20450033@unknown@formal@none@1@S@The artist's melancholy subjects bring high prices on the world market, and the U.S. State Department notified IFAR of the theft in February 1988.@@@@1@24@@oe@2-2-2013
20450034@unknown@formal@none@1@S@According to a source at the East Europe desk, two previously convicted felons were charged, tried, convicted and sentenced to prison terms of four and 12 years.@@@@1@27@@oe@2-2-2013
20450035@unknown@formal@none@1@S@The precious canvas, cut from its frame at the time of the theft, was found in nearby Jena, hidden in the upholstery of an easy chair in the home of the girlfriend of one of the thieves.@@@@1@37@@oe@2-2-2013
20450036@unknown@formal@none@1@S@No charges were brought against her.@@@@1@6@@oe@2-2-2013
20450037@unknown@formal@none@1@S@Trompe l'oeil painting is meant to fool the eye, but Robert Lawrence Trotter, 35, of Kennett Square, Pa., took his fooling seriously.@@@@1@22@@oe@2-2-2013
20450038@unknown@formal@none@1@S@He painted one himself in the style of John Haberle and sold it as a 19th-century original to antique dealers in Woodbridge, Conn.@@@@1@23@@oe@2-2-2013
20450039@unknown@formal@none@1@S@Mr. Trotter's painting showed a wall of wood boards with painted ribbons tacked down in a rectangle; tucked behind the ribbons were envelopes, folded, faded and crumpled papers and currency.@@@@1@30@@oe@2-2-2013
20450040@unknown@formal@none@1@S@Mr. Trotter's fake Haberle was offered at a bargain price of $25,000 with a phony story that it belonged to his wife's late aunt in New Canaan, Conn.@@@@1@28@@oe@2-2-2013
20450041@unknown@formal@none@1@S@The dealers immediately showed their new acquisition to an expert and came to see it as a fake.@@@@1@18@@oe@2-2-2013
20450042@unknown@formal@none@1@S@They persuaded Mr. Trotter to take it back and, with the help of the FBI, taped their conversation with him.@@@@1@20@@oe@2-2-2013
20450043@unknown@formal@none@1@S@After his arrest, the forger admitted to faking and selling other paintings up and down the Eastern seaboard.@@@@1@18@@oe@2-2-2013
20450044@unknown@formal@none@1@S@Ms. Lowenthal is executive director of the International Foundation for Art Research (IFAR).@@@@1@13@@oe@2-2-2013
20451001@unknown@formal@none@1@S@Ford Motor Co. said it is recalling about 3,600 of its 1990-model Escorts because the windshield adhesive was improperly applied to some cars.@@@@1@23@@oe@2-2-2013
20451002@unknown@formal@none@1@S@Separately, Ford and Mazda Motor Corp.'s U.S. sales arm said they are recalling about 88,500 1988-model Mercury Tracers and 220,000 1986, 1987 and 1988 model Mazda 323s equipped with 1.6-liter fuel-injected engines to replace the oil filler cap.@@@@1@38@@oe@2-2-2013
20451003@unknown@formal@none@1@S@Mazda makes the Tracer for Ford.@@@@1@6@@oe@2-2-2013
20451004@unknown@formal@none@1@S@As a result of the adhesive problem on the Ford Escort subcompacts, windshields may easily separate from the car during frontal impact, the U.S. auto maker said.@@@@1@27@@oe@2-2-2013
20451005@unknown@formal@none@1@S@When properly applied, the adhesive is designed to retain the windshield in place in a crash test at 30 miles per hour.@@@@1@22@@oe@2-2-2013
20451006@unknown@formal@none@1@S@A Ford spokesman said the Dearborn, Mich., auto maker isn't aware of any injuries caused by the windshield problem.@@@@1@19@@oe@2-2-2013
20451007@unknown@formal@none@1@S@Ford said owners should return the cars to dealers so the windshields can be removed and securely reinstalled.@@@@1@18@@oe@2-2-2013
20451008@unknown@formal@none@1@S@Mazda and Ford said a combination of limited crankcase ventilation and improper maintenance could cause engine oil in some of the Mercury Tracers and Mazda 323s to deteriorate more rapidly than normal, causing increased engine noise or reduced engine life.@@@@1@40@@oe@2-2-2013
20451009@unknown@formal@none@1@S@They said the problems aren't safety related.@@@@1@7@@oe@2-2-2013
20451010@unknown@formal@none@1@S@Both companies will replace the oil filler cap with a ventilated oil filler cap.@@@@1@14@@oe@2-2-2013
20451011@unknown@formal@none@1@S@Both also will inspect and replace, if necessary, oil filters and oil strainers, at no charge to owners.@@@@1@18@@oe@2-2-2013
20451012@unknown@formal@none@1@S@For owners who have followed the recommended oil maintenance schedule, Mazda will extend to five years or 60,000 miles the warranty term for engine damage due to abnormal engine oil deterioration.@@@@1@31@@oe@2-2-2013
20451013@unknown@formal@none@1@S@The normal term for the 1986 and 1987 model 323 is two years or 24,000 miles; the term for the 1988 323 is three years or 50,000 miles.@@@@1@28@@oe@2-2-2013
20451014@unknown@formal@none@1@S@Ford said the term on its warranty is already six years or 60,000 miles.@@@@1@14@@oe@2-2-2013
20451015@unknown@formal@none@1@S@Separately, Ford said it will offer $750 cash rebates to buyers of its 1990-model Ford Bronco sport utility vehicle.@@@@1@19@@oe@2-2-2013
20451016@unknown@formal@none@1@S@It said it will also offer buyers the option of financing as low as 6.9% on 24-month loans.@@@@1@18@@oe@2-2-2013
20451017@unknown@formal@none@1@S@Ford also offered the low financing rate option on 1989-model Broncos, which previously carried a $750 cash discount.@@@@1@18@@oe@2-2-2013
20451018@unknown@formal@none@1@S@Ford said the new offer will begin Saturday and run indefinitely.@@@@1@11@@oe@2-2-2013
20452001@unknown@formal@none@1@S@The Supreme Court agreed to decide whether the federal Pension Benefit Guaranty Corp. may require LTV Corp. to reassume funding responsibility for a $2.3 billion shortfall in the company's pension plans.@@@@1@31@@oe@2-2-2013
20452002@unknown@formal@none@1@S@The high court's decision, expected next spring, may affect the stability of many large corporate pension plans that have relied on the availability of pension insurance provided by the federal pension regulatory and insurance agency.@@@@1@35@@oe@2-2-2013
20452003@unknown@formal@none@1@S@The agency, which is funded through insurance premiums from employers, insures pension benefits for some 30 million private-sector workers who take part in single-employer pension plans.@@@@1@26@@oe@2-2-2013
20452004@unknown@formal@none@1@S@It recently reported assets of $2.4 billion and liabilities of $4 billion.@@@@1@12@@oe@2-2-2013
20452005@unknown@formal@none@1@S@In its appeal to the high court, the agency said the federal appeals court ruling, which favored LTV, threatened to transform the agency from an insurer of troubled pension plans into an "open-ended source of industry bailouts."@@@@1@37@@oe@2-2-2013
20452006@unknown@formal@none@1@S@The ruling also may determine how quickly LTV is able to complete its Chapter 11 reorganization.@@@@1@16@@oe@2-2-2013
20452007@unknown@formal@none@1@S@LTV filed for protection under Chapter 11 in federal bankruptcy court in 1986.@@@@1@13@@oe@2-2-2013
20452008@unknown@formal@none@1@S@The filing was partly the result of the $2.3 billion shortfall in LTV's three pension plans operated for its LTV Steel Co. subsidiary's employees.@@@@1@24@@oe@2-2-2013
20452009@unknown@formal@none@1@S@In January 1987, as LTV Steel continued operating while under reorganization, the agency terminated the three LTV pension plans to keep its insurance liability from increasing.@@@@1@26@@oe@2-2-2013
20452010@unknown@formal@none@1@S@Termination means that the agency's insurance assumes the liabilities and pays the pension benefits already owed under the plans, but workers don't accrue new benefits.@@@@1@25@@oe@2-2-2013
20452011@unknown@formal@none@1@S@A few months later, under pressure from the United Steelworkers of America, LTV instituted a new program to provide retirement benefits similar to those in the terminated plans.@@@@1@28@@oe@2-2-2013
20452012@unknown@formal@none@1@S@Because the federal pension agency had taken over the old plans, LTV would be responsible only for benefits paid under the new pension plans.@@@@1@24@@oe@2-2-2013
20452013@unknown@formal@none@1@S@But the agency viewed the creation of the new plans as an abuse of federal pension law and an attempt to transfer the liability of the $2.3 billion shortfall from LTV to federal insurance.@@@@1@34@@oe@2-2-2013
20452014@unknown@formal@none@1@S@The agency also concluded that LTV's financial status had improved while it was under reorganization.@@@@1@15@@oe@2-2-2013
20452015@unknown@formal@none@1@S@In September 1987, it ordered LTV to reassume liability and funding for the three original plans.@@@@1@16@@oe@2-2-2013
20452016@unknown@formal@none@1@S@LTV challenged the order, and a federal district court in New York in June 1988 ruled that the agency improperly ordered LTV to reassume responsibility for the plans.@@@@1@28@@oe@2-2-2013
20452017@unknown@formal@none@1@S@In May, a federal appeals court in New York agreed that the agency acted unlawfully.@@@@1@15@@oe@2-2-2013
20452018@unknown@formal@none@1@S@The appeals court said there was no evidence that Congress intended to allow the pension agency to consider a company's creation of new benefit plans as a basis for ordering that company to reassume liability for old plans.@@@@1@38@@oe@2-2-2013
20452019@unknown@formal@none@1@S@The appeals court also said the agency had to consider a company's long-term ability to fund pension plans, not just short-term improved financial status.@@@@1@24@@oe@2-2-2013
20452020@unknown@formal@none@1@S@In Dallas, LTV said that it was disappointed that the court agreed to hear the case because it believes the move will further delay its Chapter 11 proceedings.@@@@1@28@@oe@2-2-2013
20452021@unknown@formal@none@1@S@The company hasn't been able to come up with a reorganization plan, in part, because of the sizable disagreement with the pension agency.@@@@1@23@@oe@2-2-2013
20452022@unknown@formal@none@1@S@But LTV, a steel, aerospace and energy concern, said it is confident that the Supreme Court will uphold the lower-court decisions and said it expects to continue discussions with the agency about a settlement while the case is being reviewed.@@@@1@40@@oe@2-2-2013
20452023@unknown@formal@none@1@S@(Pension Benefit Guaranty Corp. vs. LTV Corp.@@@@1@7@@oe@2-2-2013
20453001@unknown@formal@none@1@S@The commercial was absolutely silent.@@@@1@5@@oe@2-2-2013
20453002@unknown@formal@none@1@S@Breaking into the raucous Chicago Bears-Cleveland Browns match during last week's Monday night football game, it was nothing but simple block letters superimposed on the TV screen.@@@@1@27@@oe@2-2-2013
20453003@unknown@formal@none@1@S@"Due to the earthquake in San Francisco, Nissan is donating its commercial air time to broadcast American Red Cross Emergency Relief messages.@@@@1@22@@oe@2-2-2013
20453004@unknown@formal@none@1@S@Please contribute what you can," the ad said.@@@@1@8@@oe@2-2-2013
20453005@unknown@formal@none@1@S@The Nissan logo flashed on the screen for a moment, and then came a taped plea for donations from former President Reagan -- followed by the silent print telling viewers where to call.@@@@1@33@@oe@2-2-2013
20453006@unknown@formal@none@1@S@Within two hours, viewers pledged over $400,000, according to a Red Cross executive.@@@@1@13@@oe@2-2-2013
20453007@unknown@formal@none@1@S@Call it disaster marketing.@@@@1@4@@oe@2-2-2013
20453008@unknown@formal@none@1@S@Nissan Motor is just one of a slew of advertisers that have hitched their ads to the devastating San Francisco quake and Hurricane Hugo.@@@@1@24@@oe@2-2-2013
20453009@unknown@formal@none@1@S@Sometimes, the ads attempt to raise money; always, they try to boost good will.@@@@1@14@@oe@2-2-2013
20453010@unknown@formal@none@1@S@By advertising disaster relief, these companies are hoping to don a white hat and come out a hero.@@@@1@18@@oe@2-2-2013
20453011@unknown@formal@none@1@S@But the strategy can backfire; if the ads appear too self-serving, the companies may end up looking like rank opportunists instead of good Samaritans.@@@@1@24@@oe@2-2-2013
20453012@unknown@formal@none@1@S@That hasn't deterred plenty of companies.@@@@1@6@@oe@2-2-2013
20453013@unknown@formal@none@1@S@Along with Nissan, Grand Metropolitan PLC's Burger King and New York Life Insurance have tied ads to Red Cross donations.@@@@1@20@@oe@2-2-2013
20453014@unknown@formal@none@1@S@Other ads don't bother with the fundraising; a touching, if self-congratulatory, American Telephone & Telegraph ad that aired Sunday intermixed footage of the devastation in San Francisco and Charleston, S.C., with interviews of people recounting how AT&T helped.@@@@1@38@@oe@2-2-2013
20453015@unknown@formal@none@1@S@At Nissan, "we felt we wanted to do something to help them gather money, and we had this airtime on Monday Night Football," explains Brooke Mitzel, a Nissan advertising creative manager.@@@@1@31@@oe@2-2-2013
20453016@unknown@formal@none@1@S@"What did we get out of it?@@@@1@7@@oe@2-2-2013
20453017@unknown@formal@none@1@S@We got some exposure . . . and pretty much good will."@@@@1@12@@oe@2-2-2013
20453018@unknown@formal@none@1@S@The ads are just the latest evidence of how television advertising is getting faster on the draw.@@@@1@17@@oe@2-2-2013
20453019@unknown@formal@none@1@S@While TV commercials typically take weeks to produce, advertisers in the past couple of years have learned to turn on a dime, to crash out ads in days or even hours.@@@@1@31@@oe@2-2-2013
20453020@unknown@formal@none@1@S@The big brokerage houses learned the art of the instant commercial after the 1987 crash, when they turned out reassuring ads inviting investors right back into the stock market.@@@@1@29@@oe@2-2-2013
20453021@unknown@formal@none@1@S@They trotted out another crop of instant commercials after the sudden market dip a few weeks ago.@@@@1@17@@oe@2-2-2013
20453022@unknown@formal@none@1@S@Nissan created its quake ad in a weekend.@@@@1@8@@oe@2-2-2013
20453023@unknown@formal@none@1@S@But as advertisers latch onto disasters with increasing frequency, they risk hurting themselves as much as helping the cause.@@@@1@19@@oe@2-2-2013
20453024@unknown@formal@none@1@S@They chance alienating the customers they hope to woo by looking like opportunistic sharks.@@@@1@14@@oe@2-2-2013
20453025@unknown@formal@none@1@S@"People see extra messages in advertising, and if a manufacturer is clearly trying to get something out of it . . . if it's too transparent . . . then consumers will see through that," warns John Philip Jones, chairman of the advertising department at the Newhouse School of Public Communications at Syracuse University.@@@@1@54@@oe@2-2-2013
20453026@unknown@formal@none@1@S@"It can backfire because companies can step across the line and go too far, be too pushy," agrees Gary Stibel, a principal with New England Consulting Group, Westport, Conn.@@@@1@29@@oe@2-2-2013
20453027@unknown@formal@none@1@S@"The ultimate form of charity is when you don't tell anyone."@@@@1@11@@oe@2-2-2013
20453028@unknown@formal@none@1@S@Still, he says that only a few of the quake-related campaigns have been "tasteless" and that "the majority have been truly beneficial to the people who need the help.@@@@1@29@@oe@2-2-2013
20453029@unknown@formal@none@1@S@We don't consider that ambulance chasing."@@@@1@6@@oe@2-2-2013
20453030@unknown@formal@none@1@S@The companies running the disaster ads certainly don't see themselves as ambulance chasers, either.@@@@1@14@@oe@2-2-2013
20453031@unknown@formal@none@1@S@Burger King's chief executive officer, Barry Gibbons, stars in ads saying that the fast-food chain will donate 25 cents to the Red Cross for every purchase of a BK Doubles hamburger.@@@@1@31@@oe@2-2-2013
20453032@unknown@formal@none@1@S@The campaign, which started last week and runs through Nov. 23, with funds earmarked for both the quake and Hugo, "was Barry's idea," a spokeswoman says.@@@@1@26@@oe@2-2-2013
20453033@unknown@formal@none@1@S@"Barry felt very committed.@@@@1@4@@oe@2-2-2013
20453034@unknown@formal@none@1@S@He felt we should be giving something back."@@@@1@8@@oe@2-2-2013
20453035@unknown@formal@none@1@S@While the campaign was Mr. Gibbons's idea, however, he won't be paying for it: The donations will come out of the chain's national advertising fund, which is financed by the franchisees.@@@@1@31@@oe@2-2-2013
20453036@unknown@formal@none@1@S@And by basing donations on BK Doubles, a new double-hamburger line the fast-food chain is trying to push, Burger King works a sales pitch into its public-service message.@@@@1@28@@oe@2-2-2013
20453037@unknown@formal@none@1@S@Toyota's upscale Lexus division, a sponsor of the World Series, also put in a plug for Red Cross donations in a World Series game it sponsored.@@@@1@26@@oe@2-2-2013
20453038@unknown@formal@none@1@S@"The World Series is brought to you by Lexus, who urges you to help relieve the suffering caused by the recent earthquake . . . ," the game announcer said.@@@@1@30@@oe@2-2-2013
20453039@unknown@formal@none@1@S@And New York Life made a plea for Red Cross donations in newspaper ads in the San Francisco area, latching onto the coattails of the Red Cross's impeccable reputation: "The Red Cross has been helping people for 125 years.@@@@1@39@@oe@2-2-2013
20453040@unknown@formal@none@1@S@New York Life has been doing the same for over 140 years."@@@@1@12@@oe@2-2-2013
20453041@unknown@formal@none@1@S@Nancy Craig, advertising manager for the Red Cross, readily admits "they're piggybacking on our reputation."@@@@1@15@@oe@2-2-2013
20453042@unknown@formal@none@1@S@But she has no problem with that, she says: "In the meanwhile, they're helping us."@@@@1@15@@oe@2-2-2013
20453043@unknown@formal@none@1@S@The Red Cross doesn't track contributions raised by the disaster ads, but it has amassed $46.6 million since it first launched its hurricane relief effort Sept. 23.@@@@1@27@@oe@2-2-2013
20453044@unknown@formal@none@1@S@Ad Notes. . . .@@@@1@5@@oe@2-2-2013
20453045@unknown@formal@none@1@S@NEW ACCOUNT:@@@@1@2@@oe@2-2-2013
20453046@unknown@formal@none@1@S@Northrup King Co., Golden Valley, Minn., awarded its $4 million field-crop-seeds account to Creswell, Munsell, Fultz & Zirbel, a Cedar Rapids, Iowa, division of Young & Rubicam.@@@@1@27@@oe@2-2-2013
20453047@unknown@formal@none@1@S@The account had previously been handled by Saatchi & Saatchi Wegener, New York.@@@@1@13@@oe@2-2-2013
20453048@unknown@formal@none@1@S@TV GUIDE:@@@@1@2@@oe@2-2-2013
20453049@unknown@formal@none@1@S@Wieden & Kennedy, Portland, Ore., was named to handle the News Corp. publication's $1 million to $2 million trade-ad account.@@@@1@20@@oe@2-2-2013
20453050@unknown@formal@none@1@S@N W Ayer, the New York agency that had handled the account since 1963, resigned the account about two weeks ago.@@@@1@21@@oe@2-2-2013
20453051@unknown@formal@none@1@S@NO ALCOHOL:@@@@1@2@@oe@2-2-2013
20453052@unknown@formal@none@1@S@Miller Brewing Co. will introduce its first non-alcoholic beer Jan. 1.@@@@1@11@@oe@2-2-2013
20453053@unknown@formal@none@1@S@The brew, called Miller Sharp's, will be supported by ads developed by Frankenberry, Laughlin & Constable, Milwaukee.@@@@1@17@@oe@2-2-2013
20454001@unknown@formal@none@1@S@RADIO:@@@@1@1@@oe@2-2-2013
20454002@unknown@formal@none@1@S@Viacom Broadcasting Inc. definitively agreed to acquire KOFY(AM) and KOFY-FM in San Francisco for about $19.5 million from Pacific FM Inc.@@@@1@21@@oe@2-2-2013
20455001@unknown@formal@none@1@S@The Supreme Court let stand a New York court's ruling that the manufacturers of a drug once used to prevent miscarriages must share liability for injuries or deaths when the maker of an individual dose is unknown.@@@@1@37@@oe@2-2-2013
20455002@unknown@formal@none@1@S@The high court's action, refusing to hear appeals by several drug companies, is likely to have a significant impact at several levels.@@@@1@22@@oe@2-2-2013
20455003@unknown@formal@none@1@S@The most immediate effect is in New York, where former manufacturers of the anti-miscarriage drug DES -- the synthetic female hormone diethylstilbestrol -- face the prospect of shared liability for damages in many of the 700 to 1,000 DES lawsuits pending in that state.@@@@1@44@@oe@2-2-2013
20455004@unknown@formal@none@1@S@The lawsuits stemmed from the development of cancer and other problems in the daughters of women who took the drug.@@@@1@20@@oe@2-2-2013
20455005@unknown@formal@none@1@S@On a broader scale, the ruling could encourage other states' courts to adopt the logic of the New York court, not only in DES cases but in other product-related lawsuits, as well.@@@@1@32@@oe@2-2-2013
20455006@unknown@formal@none@1@S@The New York Court of Appeals ruling parallels a 1980 decision by the California Supreme Court requiring shared liability among manufacturers for injuries when it can't be determined which company is at fault.@@@@1@33@@oe@2-2-2013
20455007@unknown@formal@none@1@S@Paul Rheingold, a New York lawyer who represents DES victims, said that before the New York ruling, only the states of Washington and Wisconsin had followed the California decision.@@@@1@29@@oe@2-2-2013
20455008@unknown@formal@none@1@S@Now that the New York decision has been left intact, other states may follow suit.@@@@1@15@@oe@2-2-2013
20455009@unknown@formal@none@1@S@"Generally, when New York and California go one way, it has a tremendous influence on other states, especially small ones," said Mr. Rheingold.@@@@1@23@@oe@2-2-2013
20455010@unknown@formal@none@1@S@The high court refused to hear appeals by Rexall Drug Co., which went out of business in 1987 and was taken over by RXDC Liquidating Trust; E.R. Squibb & Sons Inc., a unit of Squibb Corp.; and Eli Lilly & Co.@@@@1@41@@oe@2-2-2013
20455011@unknown@formal@none@1@S@The appeals involved DES, which was approved by the Food and Drug Administration for use from the 1940s until 1971 to prevent miscarriages during pregnancy.@@@@1@25@@oe@2-2-2013
20455012@unknown@formal@none@1@S@In 1971, the FDA banned the use of DES after studies linked it to cancer and other problems in daughters of women who took the drug.@@@@1@26@@oe@2-2-2013
20455013@unknown@formal@none@1@S@Lawsuits over the harm caused by DES have flooded federal and state courts in the past decade.@@@@1@17@@oe@2-2-2013
20455014@unknown@formal@none@1@S@In many cases, the lawsuit was filed long after the drug was used -- the cancer in the daughters was typically not detected for years -- and there is no way to prove which of several companies manufactured the doses consumed by certain women.@@@@1@44@@oe@2-2-2013
20455015@unknown@formal@none@1@S@Under traditional legal theories, inability to prove which company manufactured a drug that caused an injury or death would lead to the lawsuit being dismissed.@@@@1@25@@oe@2-2-2013
20455016@unknown@formal@none@1@S@But in its ruling last April, the New York court said that all producers of the anti-miscarriage drug should share liability when the manufacturer of a specific dose can't be determined.@@@@1@31@@oe@2-2-2013
20455017@unknown@formal@none@1@S@Each company's share of liability would be based on their share of the national DES market.@@@@1@16@@oe@2-2-2013
20455018@unknown@formal@none@1@S@The New York court also upheld a state law, passed in 1986, extending for one year the statute of limitations on filing DES lawsuits.@@@@1@24@@oe@2-2-2013
20455019@unknown@formal@none@1@S@The effect is that lawsuits that might have been barred because they were filed too late could proceed because of the one-year extension.@@@@1@23@@oe@2-2-2013
20455020@unknown@formal@none@1@S@(Rexall Drug Co. vs. Tigue; E.R. Squibb & Sons Inc. vs. Hymowitz, and Eli Lilly & Co. vs. Hymowitz)@@@@1@19@@oe@2-2-2013
20455021@unknown@formal@none@1@S@Government Contractors@@@@1@2@@oe@2-2-2013
20455022@unknown@formal@none@1@S@The high court, leaving intact a $4.25 million damage award against General Dynamics Corp., declined to resolve questions about a legal defense against civil lawsuits often used by government contractors.@@@@1@30@@oe@2-2-2013
20455023@unknown@formal@none@1@S@Last year, the Supreme Court defined when companies, such as military contractors, may defend themselves against lawsuits for deaths or injuries by asserting that they were simply following specifications of a federal government contract.@@@@1@34@@oe@2-2-2013
20455024@unknown@formal@none@1@S@In that decision, the high court said a company must prove that the government approved precise specifications for the contract, that those specifications were met and that the government was warned of any dangers in use of the equipment.@@@@1@39@@oe@2-2-2013
20455025@unknown@formal@none@1@S@But last February, a federal appeals court in New Orleans upheld a damage award against General Dynamics, rejecting the company's use of the government contractor defense.@@@@1@26@@oe@2-2-2013
20455026@unknown@formal@none@1@S@The appeals court said the defense is valid only if federal officials did more than rubber stamp a company's design or plans and engaged in a "substantive review and evaluation" on a par with a policy decision.@@@@1@37@@oe@2-2-2013
20455027@unknown@formal@none@1@S@General Dynamics appealed to the high court, backed by numerous business trade groups, arguing that the appeals court definition restricts the defense too severely.@@@@1@24@@oe@2-2-2013
20455028@unknown@formal@none@1@S@General Dynamics was sued by the families of five Navy divers who were killed in 1982 after they re-entered a submarine through a diving chamber.@@@@1@25@@oe@2-2-2013
20455029@unknown@formal@none@1@S@The accident was caused by faulty operation of a valve.@@@@1@10@@oe@2-2-2013
20455030@unknown@formal@none@1@S@A federal district court awarded damages to the families and the appeals court affirmed the award.@@@@1@16@@oe@2-2-2013
20455031@unknown@formal@none@1@S@(General Dynamics Corp. vs. Trevino@@@@1@5@@oe@2-2-2013
20455032@unknown@formal@none@1@S@Court in Brief@@@@1@3@@oe@2-2-2013
20455033@unknown@formal@none@1@S@In other action yesterday, the high court:@@@@1@7@@oe@2-2-2013
20455034@unknown@formal@none@1@S@-- Let stand the mail fraud and conspiracy conviction of John Lavery, a former vice president of Beech-Nut Nutrition Corp., a unit of Nestle S.A.@@@@1@25@@oe@2-2-2013
20455035@unknown@formal@none@1@S@The conviction stemmed from federal charges of consumer fraud for sale of phony infant apple juice between 1978 and 1983.@@@@1@20@@oe@2-2-2013
20455036@unknown@formal@none@1@S@(Lavery vs. U.S.)@@@@1@3@@oe@2-2-2013
20455037@unknown@formal@none@1@S@-- Left intact an award of $1.5 million in damages against Dow Chemical Co. in the death of an Oregon man from exposure to Agent Orange.@@@@1@26@@oe@2-2-2013
20455038@unknown@formal@none@1@S@The award was made by a federal court to the widow of a U.S. Forest Service employee who contracted Hodgkin's disease after using herbicides containing Agent Orange in a weed-killing program.@@@@1@31@@oe@2-2-2013
20456001@unknown@formal@none@1@S@It can be hoped that Spanish Prime Minister Felipe Gonzalez will draw the right conclusion from his narrow election victory Sunday.@@@@1@21@@oe@2-2-2013
20456002@unknown@formal@none@1@S@A strong challenge from the far left, the Communist coalition Izquierda Unida, failed to topple him.@@@@1@16@@oe@2-2-2013
20456003@unknown@formal@none@1@S@He should consider his victory a mandate to continue his growth-oriented economic reforms and not a demand that he move further left.@@@@1@22@@oe@2-2-2013
20456004@unknown@formal@none@1@S@If he follows the correct path, he may be able to look back on this election as the high-water mark of far-left opposition.@@@@1@23@@oe@2-2-2013
20456005@unknown@formal@none@1@S@The far left had some good issues even if it did not have good programs for dealing with them.@@@@1@19@@oe@2-2-2013
20456006@unknown@formal@none@1@S@It could point to plenty of ailments that the Spanish economic rejuvenation so far has failed to cure.@@@@1@18@@oe@2-2-2013
20456007@unknown@formal@none@1@S@Unemployment still is officially recorded at 16.5%, the highest rate in Europe, although actual joblessness may be lower.@@@@1@18@@oe@2-2-2013
20456008@unknown@formal@none@1@S@Housing is scarce and public services -- the court system, schools, mail service, telephone network and the highways -- are in disgraceful condition.@@@@1@23@@oe@2-2-2013
20456009@unknown@formal@none@1@S@Large pockets of poverty still exist.@@@@1@6@@oe@2-2-2013
20456010@unknown@formal@none@1@S@The left also is critical of the style of the Socialist government -- a remarkable parallel to the situation in Britain.@@@@1@21@@oe@2-2-2013
20456011@unknown@formal@none@1@S@Mr. Gonzalez and his colleagues, particularly the finance minister, Carlos Solchaga, are charged with having abandoned their socialist principles and with having become arrogant elitists who refuse even to go on television (controlled by the state) to face their accusers.@@@@1@40@@oe@2-2-2013
20456012@unknown@formal@none@1@S@In response to this, the Socialist prime minister has simply cited his free-market accomplishments.@@@@1@14@@oe@2-2-2013
20456013@unknown@formal@none@1@S@They are very considerable: Since 1986, when Spain joined the European Community, its gross domestic product has grown at an annual average of 4.6% -- the fastest in the EC.@@@@1@30@@oe@2-2-2013
20456014@unknown@formal@none@1@S@In that time more than 1.2 million jobs have been created and the official jobless rate has been pushed below 17% from 21%.@@@@1@23@@oe@2-2-2013
20456015@unknown@formal@none@1@S@A 14% inflation rate dropped below 5%.@@@@1@7@@oe@2-2-2013
20456016@unknown@formal@none@1@S@Net foreign investment through August this year has been running at a pace of $12.5 billion, about double the year-earlier rate.@@@@1@21@@oe@2-2-2013
20456017@unknown@formal@none@1@S@Mr. Gonzalez also has split with the left in reaffirming Spain's NATO commitment and in renewing a defense treaty with the U.S.@@@@1@22@@oe@2-2-2013
20456018@unknown@formal@none@1@S@Mr. Gonzalez is not quite a closet supply-side revolutionary, however.@@@@1@10@@oe@2-2-2013
20456019@unknown@formal@none@1@S@He did not go as far as he could have in tax reductions; indeed he combined them with increases in indirect taxes.@@@@1@22@@oe@2-2-2013
20456020@unknown@formal@none@1@S@Yet the best the far-left could do was not enough to deter the biggest voting bloc -- nearly 40% -- from endorsing the direction Spain is taking.@@@@1@27@@oe@2-2-2013
20456021@unknown@formal@none@1@S@Now he can go further.@@@@1@5@@oe@2-2-2013
20456022@unknown@formal@none@1@S@He should do more to reduce tax rates on wealth and income, in recognition of the fact that those cuts yield higher, not lower, revenues.@@@@1@25@@oe@2-2-2013
20456023@unknown@formal@none@1@S@He could do more to cut public subsidies and transfers, thus making funds available for public services starved of money for six years.@@@@1@23@@oe@2-2-2013
20456024@unknown@formal@none@1@S@The voters delivered Mr. Gonzalez a third mandate for his successes.@@@@1@11@@oe@2-2-2013
20456025@unknown@formal@none@1@S@They, as well as numerous Latin American and East European countries that hope to adopt elements of the Spanish model, are supporting the direction Spain is taking.@@@@1@27@@oe@2-2-2013
20456026@unknown@formal@none@1@S@It would be sad for Mr. Gonzalez to abandon them to appease his foes.@@@@1@14@@oe@2-2-2013
20457001@unknown@formal@none@1@S@Monday, October 30, 1989@@@@1@4@@oe@2-2-2013
20457002@unknown@formal@none@1@S@The key U.S. and foreign annual interest rates below are a guide to general levels but don't always represent actual transactions.@@@@1@21@@oe@2-2-2013
20457003@unknown@formal@none@1@S@PRIME RATE: 10 1/2%.@@@@1@4@@oe@2-2-2013
20457004@unknown@formal@none@1@S@The base rate on corporate loans at large U.S. money center commercial banks.@@@@1@13@@oe@2-2-2013
20457005@unknown@formal@none@1@S@FEDERAL FUNDS: 8 3/4% high, 8 11/16% low, 8 3/4% near closing bid, 8 3/4% offered.@@@@1@16@@oe@2-2-2013
20457006@unknown@formal@none@1@S@Reserves traded among commercial banks for overnight use in amounts of $1 million or more.@@@@1@15@@oe@2-2-2013
20457007@unknown@formal@none@1@S@Source: Fulton Prebon (U.S.A.) Inc.@@@@1@5@@oe@2-2-2013
20457008@unknown@formal@none@1@S@DISCOUNT RATE: 7%.@@@@1@3@@oe@2-2-2013
20457009@unknown@formal@none@1@S@The charge on loans to depository institutions by the New York Federal Reserve Bank.@@@@1@14@@oe@2-2-2013
20457010@unknown@formal@none@1@S@CALL MONEY: 9 3/4% to 10%.@@@@1@6@@oe@2-2-2013
20457011@unknown@formal@none@1@S@The charge on loans to brokers on stock exchange collateral.@@@@1@10@@oe@2-2-2013
20457012@unknown@formal@none@1@S@COMMERCIAL PAPER placed directly by General Motors Acceptance Corp.:8.50% 30 to 44 days; 8.25% 45 to 62 days; 8.375% 63 to 89 days; 8% 90 to 119 days; 7.90% 120 to 149 days; 7.80% 150 to 179 days; 7.55% 180 to 270 days.@@@@1@43@@oe@2-2-2013
20457013@unknown@formal@none@1@S@COMMERCIAL PAPER: High-grade unsecured notes sold through dealers by major corporations in multiples of $1,000:8.55% 30 days; 8.50% 60 days; 8.45% 90 days.@@@@1@23@@oe@2-2-2013
20457014@unknown@formal@none@1@S@CERTIFICATES OF DEPOSIT: 8.09% one month; 8.04% two months; 8.03% three months; 7.96% six months; 7.92% one year.@@@@1@18@@oe@2-2-2013
20457015@unknown@formal@none@1@S@Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s, usually on amounts of $1 million and more.@@@@1@25@@oe@2-2-2013
20457016@unknown@formal@none@1@S@The minimum unit is $100,000.@@@@1@5@@oe@2-2-2013
20457017@unknown@formal@none@1@S@Typical rates in the secondary market: 8.55% one month; 8.55% three months; 8.35% six months.@@@@1@15@@oe@2-2-2013
20457018@unknown@formal@none@1@S@BANKERS ACCEPTANCES: 8.47% 30 days; 8.42% 60 days; 8.25% 90 days; 8.10% 120 days; 8.02% 150 days; 7.95% 180 days.@@@@1@20@@oe@2-2-2013
20457019@unknown@formal@none@1@S@Negotiable, bank-backed business credit instruments typically financing an import order.@@@@1@10@@oe@2-2-2013
20457020@unknown@formal@none@1@S@LONDON LATE EURODOLLARS: 8 3/4% to 8 5/8% one month; 8 13/16% to 8 11/16% two months; 8 11/16% to 8 9/16% three months; 8 9/16% to 8 7/16% four months; 8 1/2% to 8 3/8% five months; 8 7/16% to 8 5/16% six months.@@@@1@45@@oe@2-2-2013
20457021@unknown@formal@none@1@S@LONDON INTERBANK OFFERED RATES (LIBOR): 8 11/16% one month; 8 11/16% three months; 8 7/16% six months; 8 3/8% one year.@@@@1@21@@oe@2-2-2013
20457022@unknown@formal@none@1@S@The average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks.@@@@1@20@@oe@2-2-2013
20457023@unknown@formal@none@1@S@FOREIGN PRIME RATES: Canada 13.50%; Germany 9%; Japan 4.875%; Switzerland 8.50%; Britain 15%.@@@@1@13@@oe@2-2-2013
20457024@unknown@formal@none@1@S@These rate indications aren't directly comparable; lending practices vary widely by location.@@@@1@12@@oe@2-2-2013
20457025@unknown@formal@none@1@S@TREASURY BILLS: Results of the Monday, October 30, 1989, auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $1 million: 7.78%, 13 weeks; 7.62%, 26 weeks.@@@@1@35@@oe@2-2-2013
20457026@unknown@formal@none@1@S@FEDERAL HOME LOAN MORTGAGE CORP. (Freddie Mac): Posted yields on 30-year mortgage commitments for delivery within 30 days.@@@@1@18@@oe@2-2-2013
20457027@unknown@formal@none@1@S@9.86%, standard conventional fixed-rate mortgages; 7.875%, 2% rate capped one-year adjustable rate mortgages.@@@@1@13@@oe@2-2-2013
20457028@unknown@formal@none@1@S@Source: Telerate Systems Inc.@@@@1@4@@oe@2-2-2013
20457029@unknown@formal@none@1@S@FEDERAL NATIONAL MORTGAGE ASSOCIATION (Fannie Mae): Posted yields on 30 year mortgage commitments for delivery within 30 days (priced at par).@@@@1@21@@oe@2-2-2013
20457030@unknown@formal@none@1@S@9.76%, standard conventional fixed-rate mortgages; 8.75%, 6/2 rate capped one-year adjustable rate mortgages.@@@@1@13@@oe@2-2-2013
20457031@unknown@formal@none@1@S@Source: Telerate Systems Inc.@@@@1@4@@oe@2-2-2013
20457032@unknown@formal@none@1@S@MERRILL LYNCH READY ASSETS TRUST: 8.70%.@@@@1@6@@oe@2-2-2013
20457033@unknown@formal@none@1@S@Annualized average rate of return after expenses for the past 30 days; not a forecast of future returns.@@@@1@18@@oe@2-2-2013
20458001@unknown@formal@none@1@S@Oh, that terrible Mr. Ortega.@@@@1@5@@oe@2-2-2013
20458002@unknown@formal@none@1@S@Just when American liberalism had pulled the arms plug on the Contras and their friend Ronald Reagan, along comes Mr. Ortega in Costa Rica this weekend to "blunder" into the hands of what are often called conservatives.@@@@1@37@@oe@2-2-2013
20458003@unknown@formal@none@1@S@Conservatives are the faction in U.S. politics which always said that Mr. Ortega and his friends don't want to hold an election in Nicaragua.@@@@1@24@@oe@2-2-2013
20458004@unknown@formal@none@1@S@Liberals are the faction that says, Give peace a chance; now they are saying Mr. Ortega should give them a break, lest the conservatives ask them to vote for bullets instead of bandages.@@@@1@33@@oe@2-2-2013
20458005@unknown@formal@none@1@S@We suspect Daniel Ortega knows the difference between a blunder and a strategy.@@@@1@13@@oe@2-2-2013
20458006@unknown@formal@none@1@S@He knows that making George Bush look silly in a photograph with him will trigger Noriegan fulminations, and that announcing an end to the liberals' cease-fire will produce mainly their concern over the Contras' military activities in northern Nicaragua.@@@@1@39@@oe@2-2-2013
20458007@unknown@formal@none@1@S@Mr. Ortega understands better than those who worry about his behavior that what sustains the Sandinista movement is not democratic peace, but nondemocratic unpeace.@@@@1@24@@oe@2-2-2013
20458008@unknown@formal@none@1@S@It is the presence of internal and external "enemies" which justifies the need for a large, active army that Mikhail Gorbachev's Soviet Union continues to supply with bullets.@@@@1@28@@oe@2-2-2013
20459001@unknown@formal@none@1@S@Annualized interest rates on certain investments as reported by the Federal Reserve Board on a weekly-average basis:@@@@1@17@@oe@2-2-2013
20459002@unknown@formal@none@1@S@a-Discounted rate.@@@@1@2@@oe@2-2-2013
20459003@unknown@formal@none@1@S@b-Week ended Wednesday, October 25, 1989 and Wednesday October 18, 1989.@@@@1@11@@oe@2-2-2013
20459004@unknown@formal@none@1@S@c-Yields, adjusted for constant maturity.@@@@1@5@@oe@2-2-2013
20460001@unknown@formal@none@1@S@Cetus Corp. said the government of Spain approved the marketing of its Proleukin interleukin-2 drug to treat kidney cancer.@@@@1@19@@oe@2-2-2013
20460002@unknown@formal@none@1@S@The biotechnology concern said Spanish authorities must still clear the price for the treatment, but that it expects to receive such approval by year end.@@@@1@25@@oe@2-2-2013
20460003@unknown@formal@none@1@S@Four other countries in Europe have approved Proleukin in recent months.@@@@1@11@@oe@2-2-2013
20460004@unknown@formal@none@1@S@Cetus is currently trying to obtain federal regulatory clearance for U.S. distribution.@@@@1@12@@oe@2-2-2013
20461001@unknown@formal@none@1@S@The Treasury Department proposed that banks be required to keep detailed records of international wire transfers, which officials believe is the main vehicle used by drug traffickers to move billions of dollars in and out of the U.S.@@@@1@38@@oe@2-2-2013
20461002@unknown@formal@none@1@S@In recent testimony on Capitol Hill, Treasury officials said they were considering the new reporting requirements, and the expected publication of the proposal in the Federal Register today is the first official step toward creating final regulations.@@@@1@37@@oe@2-2-2013
20461003@unknown@formal@none@1@S@The Treasury is still working out the details with bank trade associations and the other government agencies that have a hand in fighting money laundering.@@@@1@25@@oe@2-2-2013
20461004@unknown@formal@none@1@S@Among the possibilities the Treasury is considering are requirements that banks keep records identifying the originators and recipients of international wire transfers.@@@@1@22@@oe@2-2-2013
20461005@unknown@formal@none@1@S@Another suggestion would draw banks more directly into tracking down money launderers by developing a "suspicious international wire transfer profile," which banks would use to spotlight questionable payments.@@@@1@28@@oe@2-2-2013
20461006@unknown@formal@none@1@S@But banks may prefer using a profile that targets selected transactions, rather than a blanket reporting requirement.@@@@1@17@@oe@2-2-2013
20461007@unknown@formal@none@1@S@Banks now are required only to report cash deposits or withdrawals of $10,000 or more.@@@@1@15@@oe@2-2-2013
20461008@unknown@formal@none@1@S@But wire transfers from a standing account -- including those bigger than $10,000 -- aren't reported.@@@@1@16@@oe@2-2-2013
20461009@unknown@formal@none@1@S@Officials believe this has left a gaping loophole that illegal drug businesses are exploiting.@@@@1@14@@oe@2-2-2013
20461010@unknown@formal@none@1@S@Authorities estimate that revenues from illegal drugs in the U.S. total about $110 billion annually.@@@@1@15@@oe@2-2-2013
20461011@unknown@formal@none@1@S@Sen. John Kerry (D., Mass.), chairman of a Senate Foreign Relations subcommittee that oversees the issue of money laundering, criticized the proposal for ignoring wire transfers between foreign banks that are executed and cleared on U.S. wire systems.@@@@1@38@@oe@2-2-2013
20461012@unknown@formal@none@1@S@The American Bankers Association didn't have any comment on the plan.@@@@1@11@@oe@2-2-2013
20461013@unknown@formal@none@1@S@The proposal now enters a 60-day comment period, after which the Treasury will propose final regulations, followed by another comment period.@@@@1@21@@oe@2-2-2013
20462001@unknown@formal@none@1@S@Western Union Corp. took steps to withdraw its proposed debt swap for $500 million in high-interest notes and said it is looking at other alternatives for refinancing the debt.@@@@1@29@@oe@2-2-2013
20462002@unknown@formal@none@1@S@Western Union had said two weeks ago that it might withdraw the pending offer, which would have replaced $500 million in so-called reset notes, now paying 19.25% annual interest and set to come due in 1992, with two new issues paying lower interest.@@@@1@43@@oe@2-2-2013
20462003@unknown@formal@none@1@S@Yesterday the company said it had filed a request with the Securities and Exchange Commission to withdraw the registration statement regarding the proposed swap.@@@@1@24@@oe@2-2-2013
20462004@unknown@formal@none@1@S@A Western Union spokesman, citing adverse developments in the market for high-yield "junk" bonds, declined to say what alternatives are under consideration.@@@@1@22@@oe@2-2-2013
20462005@unknown@formal@none@1@S@But some holders of the Western Union notes expect the company to propose a more-attractive debt swap that will give them a substantial equity stake in the company.@@@@1@28@@oe@2-2-2013
20462006@unknown@formal@none@1@S@Western Union has had major losses in recent years as its telex business has faltered in the face of competition from facsimile machines and as other business ventures have gone awry.@@@@1@31@@oe@2-2-2013
20462007@unknown@formal@none@1@S@The major question, said one holder who asked not to be named, is whether New York investor Bennett S. LeBow, whose Brooke Partners controls Western Union, is willing to offer a large enough equity stake to entice bondholders into agreeing to a new swap.@@@@1@44@@oe@2-2-2013
20462008@unknown@formal@none@1@S@The $500 million in notes, the largest chunk of Western Union's $640 million in long-term debt, stems from the company's major restructuring in December 1987.@@@@1@25@@oe@2-2-2013
20462009@unknown@formal@none@1@S@The notes became burdensome when reset provisions allowed their interest rate to be raised to 19.25% last June.@@@@1@18@@oe@2-2-2013
20462010@unknown@formal@none@1@S@Western Union had offered to swap each $1,000 face amount of the notes for six shares of common stock and two new debt issues: a $500 note paying an interest rate starting at 16.75% annually and rising in later years, due in 1992, and a $500 note, due in 1997, paying a fixed rate of 17% and including rights protecting a holder against a decline in the trading price of the bond.@@@@1@72@@oe@2-2-2013
20462011@unknown@formal@none@1@S@Western Union must make $48 million in interest payments on the reset notes on Dec. 15, and a company spokesman said it fully intends to meet the payments.@@@@1@28@@oe@2-2-2013
20462012@unknown@formal@none@1@S@But Western Union has said it must lower the interest rate on its debt to regain full financial health.@@@@1@19@@oe@2-2-2013
20463001@unknown@formal@none@1@S@Genentech Inc. said the West German distributor of its heart drug TPA reached a joint marketing agreement with a subsidiary of Hoechst AG, which makes the rival anti-clotting agent streptokinase.@@@@1@30@@oe@2-2-2013
20463002@unknown@formal@none@1@S@The biotechnology concern said the agreement between its longtime West German distributor, Boehringer-Ingleheim's Dr. Karl Thomae G.m.b.H. subsidiary, and Hoechst's Behringwerke subsidiary was an attempt to expand the market for blood-clot drugs in general.@@@@1@34@@oe@2-2-2013
20463003@unknown@formal@none@1@S@A Genentech spokeswoman said the agreement calls for Hoechst to promote TPA for heart patients and streptokinase for other clot-reducing purposes.@@@@1@21@@oe@2-2-2013
20464001@unknown@formal@none@1@S@Investors in the over-the-counter market dumped banking and insurance issues, sending the Nasdaq composite index lower for the third consecutive session.@@@@1@21@@oe@2-2-2013
20464002@unknown@formal@none@1@S@All Nasdaq industry indexes finished lower, with financial issues hit the hardest.@@@@1@12@@oe@2-2-2013
20464003@unknown@formal@none@1@S@Despite some early computer-guided program buying, the Nasdaq composite fell 1.39 to 451.37.@@@@1@13@@oe@2-2-2013
20464004@unknown@formal@none@1@S@The OTC market now has declined in eight of the past 11 sessions.@@@@1@13@@oe@2-2-2013
20464005@unknown@formal@none@1@S@The Nasdaq bank index fell 5.00 to 432.61, while the insurance index fell 3.56 to 528.56, and the "other finance" index dropped 3.27 to 529.32.@@@@1@25@@oe@2-2-2013
20464006@unknown@formal@none@1@S@The largest financial issues, as measured by the Nasdaq financial index, tumbled 3.23 to@@@@1@14@@oe@2-2-2013
20464007@unknown@formal@none@1@S@Meanwhile, the index of the 100 biggest non-financial stocks, the Nasdaq 100, gained 0.47 to 438.15.@@@@1@16@@oe@2-2-2013
20464008@unknown@formal@none@1@S@Profit-taking accounted for much of the slide in OTC stock prices, according to David Mills, senior vice president of Boston Company Advisers.@@@@1@22@@oe@2-2-2013
20464009@unknown@formal@none@1@S@He said many portfolio managers, whose year-end bonuses are tied to annual performance, are selling now rather than risk seeing their gains erode further.@@@@1@24@@oe@2-2-2013
20464010@unknown@formal@none@1@S@"The profit locking-in is definitely going on," said Mr. Mills, whose firm manages $600 million for Boston Co.@@@@1@18@@oe@2-2-2013
20464011@unknown@formal@none@1@S@Tax-loss sellers, those investors who sell loss-making stocks so they can deduct their losses from this year's income, are also getting out, Mr. Mills said.@@@@1@25@@oe@2-2-2013
20464012@unknown@formal@none@1@S@That's helping put pressure on both the market's winners and its losers.@@@@1@12@@oe@2-2-2013
20464013@unknown@formal@none@1@S@"The stocks that have been the best are having big pullbacks, and the ones that have been the worst are getting clobbered," Mr. Mills said.@@@@1@25@@oe@2-2-2013
20464014@unknown@formal@none@1@S@He expects the market to sink further and to reach a low sometime next month or in December.@@@@1@18@@oe@2-2-2013
20464015@unknown@formal@none@1@S@The selling by money managers and individual investors is turning traders bearish as well.@@@@1@14@@oe@2-2-2013
20464016@unknown@formal@none@1@S@"We are advising a lot of our clients to make moves that make sense to them, rather than waiting until the last minute, because things have been so volatile," said William Sulya, head of OTC trading at A.G. Edwards & Sons in St. Louis.@@@@1@44@@oe@2-2-2013
20464017@unknown@formal@none@1@S@Ralph Costanza, head of the OTC trading department at Smith Barney, Harris Upham, said many market players are awaiting some resolution of the current debate over program trading.@@@@1@28@@oe@2-2-2013
20464018@unknown@formal@none@1@S@Much of the market's recent volatility has been blamed on this large-scale computerized trading technique that can send stock prices surging or plummeting in a matter of minutes.@@@@1@28@@oe@2-2-2013
20464019@unknown@formal@none@1@S@The problem has been particularly damaging to the OTC market, traditionally a base for the small investor.@@@@1@17@@oe@2-2-2013
20464020@unknown@formal@none@1@S@Weisfield's surged 14 to 53 after agreeing in principle to be acquired by a unit of Ratners Group for $50 a share.@@@@1@22@@oe@2-2-2013
20464021@unknown@formal@none@1@S@The stock jumped 9 1/2 Friday, when the company announced it was in takeover talks.@@@@1@15@@oe@2-2-2013
20464022@unknown@formal@none@1@S@Ratners and Weisfield's said they expect to sign definitive agreements shortly and to complete the transaction by Dec. 15.@@@@1@19@@oe@2-2-2013
20464023@unknown@formal@none@1@S@Mid-State Federal Savings Bank advanced 1 1/2 to 20 1/4 after it said it is in talks with a possible acquirer.@@@@1@21@@oe@2-2-2013
20464024@unknown@formal@none@1@S@The bank said the talks resulted from solicitations by its financial adviser.@@@@1@12@@oe@2-2-2013
20464025@unknown@formal@none@1@S@Jaguar assumed its recently customary place on the OTC most active list as its American depository receipts gained 1/4 to 11 7/8 on volume of 1.2 million shares and Daimler-Benz joined the list of companies interested in the British car maker.@@@@1@41@@oe@2-2-2013
20464026@unknown@formal@none@1@S@Daimler said it has had talks with Jaguar about possible joint ventures.@@@@1@12@@oe@2-2-2013
20464027@unknown@formal@none@1@S@Meanwhile, General Motors and Ford Motor continue their pursuit of the company.@@@@1@12@@oe@2-2-2013
20464028@unknown@formal@none@1@S@Ford has acquired more than 13% of Jaguar's shares, and GM has received U.S. regulatory clearance to buy 15%.@@@@1@19@@oe@2-2-2013
20464029@unknown@formal@none@1@S@ShowBiz Pizza Time gained 1 1/2 to 13.@@@@1@8@@oe@2-2-2013
20464030@unknown@formal@none@1@S@The company reported third-quarter operating profit of 37 cents a share, compared with 12 cents a share a year earlier.@@@@1@20@@oe@2-2-2013
20464031@unknown@formal@none@1@S@A third-quarter charge of $3.5 million related to planned restaurant closings resulted in a net loss for the quarter.@@@@1@19@@oe@2-2-2013
20464032@unknown@formal@none@1@S@Employers Casualty, which reported a $53.9 million third-quarter loss late Friday, fell 2 1/4 to 13 3/4.@@@@1@17@@oe@2-2-2013
20464033@unknown@formal@none@1@S@The loss was largely due to a $55.2 million addition to reserves.@@@@1@12@@oe@2-2-2013
20464034@unknown@formal@none@1@S@Employers Casualty had a loss of $3.6 million in the year-earlier quarter.@@@@1@12@@oe@2-2-2013
20464035@unknown@formal@none@1@S@Old Stone fell 1 5/8 to 13 1/2.@@@@1@8@@oe@2-2-2013
20464036@unknown@formal@none@1@S@Late Friday, the company reported a loss of $51.3 million for the third quarter after earning $9.2 million a year before.@@@@1@21@@oe@2-2-2013
20464037@unknown@formal@none@1@S@The loss came after a $23.3 million addition to loan-loss reserves.@@@@1@11@@oe@2-2-2013
20464038@unknown@formal@none@1@S@The bank made a $4.5 million provision in the 1988 quarter.@@@@1@11@@oe@2-2-2013
20464039@unknown@formal@none@1@S@Old Stone repeated projections that it will be profitable for the fourth quarter and will about break even for the year.@@@@1@21@@oe@2-2-2013
20464040@unknown@formal@none@1@S@Abraham Lincoln Federal Savings Bank sank 4 to 13 1/2 after announcing a shakeup that will change senior management and reorganize the bank's mortgage business as a separate unit.@@@@1@29@@oe@2-2-2013
20464041@unknown@formal@none@1@S@The bank also said it will establish a loan-loss reserve of $2.5 million to $4 million against a construction loan that is in default.@@@@1@24@@oe@2-2-2013
20464042@unknown@formal@none@1@S@The bank, which previously said it was for sale, said it has received no offers and that its board will review whether to continue soliciting bids.@@@@1@26@@oe@2-2-2013
20465001@unknown@formal@none@1@S@Medical scientists are starting to uncover a handful of genes which, if damaged, unleash the chaotic growth of cells that characterizes cancer.@@@@1@22@@oe@2-2-2013
20465002@unknown@formal@none@1@S@Scientists say the discovery of these genes in recent months is painting a new and startling picture of how cancer develops.@@@@1@21@@oe@2-2-2013
20465003@unknown@formal@none@1@S@An emerging understanding of the genes is expected to produce an array of new strategies for future cancer treatment and prevention.@@@@1@21@@oe@2-2-2013
20465004@unknown@formal@none@1@S@That is for the future.@@@@1@5@@oe@2-2-2013
20465005@unknown@formal@none@1@S@Already, scientists are developing tests based on the newly identified genes that, for the first time, can predict whether an otherwise healthy individual is likely to get cancer.@@@@1@28@@oe@2-2-2013
20465006@unknown@formal@none@1@S@"It's a super-exciting set of discoveries," says Bert Vogelstein, a Johns Hopkins University researcher who has just found a gene pivotal to the triggering of colon cancer.@@@@1@27@@oe@2-2-2013
20465007@unknown@formal@none@1@S@"Only a decade ago cancer was a black box about which we knew nothing at the molecular level.@@@@1@18@@oe@2-2-2013
20465008@unknown@formal@none@1@S@Today, we know that the accumulation of several of these altered genes can initiate a cancer and, then, propel it into a deadly state."@@@@1@24@@oe@2-2-2013
20465009@unknown@formal@none@1@S@Scientists call the new class of genes tumor-suppressors, or simply anti-cancer genes.@@@@1@12@@oe@2-2-2013
20465010@unknown@formal@none@1@S@When functioning normally, they make proteins that hold a cell's growth in check.@@@@1@13@@oe@2-2-2013
20465011@unknown@formal@none@1@S@But if the genes are damaged -- perhaps by radiation, a chemical or through a chance accident in cell division -- their growth-suppressing proteins no longer work, and cells normally under control turn malignant.@@@@1@34@@oe@2-2-2013
20465012@unknown@formal@none@1@S@The newly identified genes differ from a family of genes discovered in the early 1980s called oncogenes.@@@@1@17@@oe@2-2-2013
20465013@unknown@formal@none@1@S@Oncogenes must be present for a cell to become malignant, but researchers have found them in normal as well as in cancerous cells, suggesting that oncogenes don't cause cancer by themselves.@@@@1@31@@oe@2-2-2013
20465014@unknown@formal@none@1@S@In recent months, researchers have come to believe the two types of cancer genes work in concert: An oncogene may turn proliferating cells malignant only after the tumor-suppressor gene has been damaged.@@@@1@32@@oe@2-2-2013
20465015@unknown@formal@none@1@S@Like all genes, tumor-suppressor genes are inherited in two copies, one from each parent.@@@@1@14@@oe@2-2-2013
20465016@unknown@formal@none@1@S@Either copy can make the proteins needed to control cell growth, so for cancer to arise, both copies must be impaired.@@@@1@21@@oe@2-2-2013
20465017@unknown@formal@none@1@S@A person who is born with one defective copy of a suppressor gene, or in whom one copy is damaged early in life, is especially prone to cancer because he need only lose the other copy for a cancer to develop.@@@@1@41@@oe@2-2-2013
20465018@unknown@formal@none@1@S@Emerging genetic tests will be able to spot such cancer-susceptible individuals, ushering in what some scientists believe is a new age of predictive cancer diagnosis.@@@@1@25@@oe@2-2-2013
20465019@unknown@formal@none@1@S@Bill and Bonnie Quinlan are among the first beneficiaries of the new findings.@@@@1@13@@oe@2-2-2013
20465020@unknown@formal@none@1@S@The Dedham, Mass., couple knew even before Bonnie became pregnant in 1987 that any child of theirs had a 50% chance of being at risk for retinoblastoma, an eye cancer that occurs about once every 20,000 births.@@@@1@37@@oe@2-2-2013
20465021@unknown@formal@none@1@S@Mr. Quinlan, 30 years old, knew he carried a damaged gene, having lost an eye to the rare tumor when he was only two months old -- after his mother had suffered the same fate when she was a baby.@@@@1@40@@oe@2-2-2013
20465022@unknown@formal@none@1@S@Because of the isolation of the retinoblastoma tumor-suppressor gene, it became possible last January to find out what threat the Quinlan baby faced.@@@@1@23@@oe@2-2-2013
20465023@unknown@formal@none@1@S@A test using new "genetic probes" showed that little Will Quinlan had not inherited a damaged retinoblastoma supressor gene and, therefore, faced no more risk than other children of developing the rare cancer.@@@@1@33@@oe@2-2-2013
20465024@unknown@formal@none@1@S@"It made our New Year," says Mr. Quinlan.@@@@1@8@@oe@2-2-2013
20465025@unknown@formal@none@1@S@This test was the first to predict reliably whether an individual could expect to develop cancer.@@@@1@16@@oe@2-2-2013
20465026@unknown@formal@none@1@S@Equally important, the initial discovery of the gene that controls retinal cell growth, made by a Boston doctor named Thaddeus Dryja, has opened a field of cancer study, which in recent months has exploded.@@@@1@34@@oe@2-2-2013
20465027@unknown@formal@none@1@S@"It turns out that studying a tragic but uncommon tumor made possible some fundamental insights about the most basic workings of cancer," says Samuel Broder, director of the National Cancer Institute.@@@@1@31@@oe@2-2-2013
20465028@unknown@formal@none@1@S@"All this may not be obvious to the public, which is concerned about advances in treatment, but I am convinced this basic research will begin showing results there soon."@@@@1@29@@oe@2-2-2013
20465029@unknown@formal@none@1@S@To date, scientists have fingered two of these cancer-suppressors.@@@@1@9@@oe@2-2-2013
20465030@unknown@formal@none@1@S@Dr. Dryja made his retinoblastoma discovery in 1986.@@@@1@8@@oe@2-2-2013
20465031@unknown@formal@none@1@S@Then last spring, researchers reported finding a gene called p53 which, if impaired, turns healthy colon cells cancerous.@@@@1@18@@oe@2-2-2013
20465032@unknown@formal@none@1@S@Soon after that report, two other research teams uncovered evidence that the same damaged p53 gene is present in tissue from lung and breast cancers.@@@@1@25@@oe@2-2-2013
20465033@unknown@formal@none@1@S@Colon, lung and breast cancers are the most common and lethal forms of the disease, collectively killing almost 200,000 Americans a year.@@@@1@22@@oe@2-2-2013
20465034@unknown@formal@none@1@S@Right now about a dozen laboratories, in the U.S., Canada and Britain, are racing to unmask other suspected tumor-suppressing genes.@@@@1@20@@oe@2-2-2013
20465035@unknown@formal@none@1@S@They have about seven candidates.@@@@1@5@@oe@2-2-2013
20465036@unknown@formal@none@1@S@Researchers say the inactivation of tumor-suppressor genes, alone or in combination, appears crucial to the development of such scourges as cancer of the brain, the skin, kidney, prostate, and cervix.@@@@1@30@@oe@2-2-2013
20465037@unknown@formal@none@1@S@There is evidence that if people inherit defective versions of these genes, they are especially prone to cancer, perhaps explaining, finally, why some cancers seem to haunt certain families.@@@@1@29@@oe@2-2-2013
20465038@unknown@formal@none@1@S@The story of tumor-suppressor genes goes back to the 1970s, when a pediatrician named Alfred G. Knudson Jr. proposed that retinoblastoma stemmed from two separate genetic defects.@@@@1@27@@oe@2-2-2013
20465039@unknown@formal@none@1@S@He theorized that in the eye cancer, an infant inherited a damaged copy of a gene from one parent and a normal copy from the other.@@@@1@26@@oe@2-2-2013
20465040@unknown@formal@none@1@S@The tumor, he suggested, developed when the second, normal copy also was damaged.@@@@1@13@@oe@2-2-2013
20465041@unknown@formal@none@1@S@But there was no way to prove Dr. Knudson's "two-hit" theory.@@@@1@11@@oe@2-2-2013
20465042@unknown@formal@none@1@S@Back then, scientists had no way of ferreting out specific genes, but under a microscope they could see the 23 pairs of chromosomes in the cells that contain the genes.@@@@1@30@@oe@2-2-2013
20465043@unknown@formal@none@1@S@Occasionally, gross chromosome damage was visible.@@@@1@6@@oe@2-2-2013
20465044@unknown@formal@none@1@S@Dr. Knudson found that some children with the eye cancer had inherited a damaged copy of chromosome No. 13 from a parent who had had the disease.@@@@1@27@@oe@2-2-2013
20465045@unknown@formal@none@1@S@Under a microscope he could actually see that a bit of chromosome 13 was missing.@@@@1@15@@oe@2-2-2013
20465046@unknown@formal@none@1@S@He assumed the missing piece contained a gene or genes whose loss had a critical role in setting off the cancer.@@@@1@21@@oe@2-2-2013
20465047@unknown@formal@none@1@S@But he didn't know which gene or genes had disappeared.@@@@1@10@@oe@2-2-2013
20465048@unknown@formal@none@1@S@Then, a scientific team led by molecular geneticist Webster Cavenee, then at the University of Utah, found the answer.@@@@1@19@@oe@2-2-2013
20465049@unknown@formal@none@1@S@The team used a battery of the newly developed "gene probes," snippets of genetic material that can track a gene's presence in a cell.@@@@1@24@@oe@2-2-2013
20465050@unknown@formal@none@1@S@By analyzing cells extracted from eye tumors, they found defects in the second copy of chromosome 13 in the exact area as in the first copy of the chromosome.@@@@1@29@@oe@2-2-2013
20465051@unknown@formal@none@1@S@The finding riveted medicine.@@@@1@4@@oe@2-2-2013
20465052@unknown@formal@none@1@S@It was the first time anyone had showed that the loss of both copies of the same gene could lead to the eruption of a cancer.@@@@1@26@@oe@2-2-2013
20465053@unknown@formal@none@1@S@"It was extraordinarily satisfying," says Dr. Knudson, now at Fox Chase Cancer Research Center in Philadelphia.@@@@1@16@@oe@2-2-2013
20465054@unknown@formal@none@1@S@"I was convinced that what was true of retinoblastoma would be true for all cancers."@@@@1@15@@oe@2-2-2013
20465055@unknown@formal@none@1@S@It was an audacious claim.@@@@1@5@@oe@2-2-2013
20465056@unknown@formal@none@1@S@But in Baltimore, Dr. Vogelstein, a young molecular biologist at Johns Hopkins Medical School, believed Dr. Knudson was right, and set out to repeat the Cavenee experiment in cells from other cancers.@@@@1@32@@oe@2-2-2013
20465057@unknown@formal@none@1@S@His was one of two research teams in 1984 to report dual chromosome losses for a rare childhood cancer of the kidney called Wilm's tumor.@@@@1@25@@oe@2-2-2013
20465058@unknown@formal@none@1@S@Dr. Vogelstein next turned his attention to colon cancer, the second biggest cancer killer in the U.S. after lung cancer.@@@@1@20@@oe@2-2-2013
20465059@unknown@formal@none@1@S@He believed colon cancer might also arise from multiple "hits" on cancer suppressor genes, because it often seems to develop in stages.@@@@1@22@@oe@2-2-2013
20465060@unknown@formal@none@1@S@It often is preceded by the development of polyps in the bowel, which in some cases become increasingly malignant in identifiable stages -- progressing from less severe to deadly -- as though a cascade of genetic damage might be occurring.@@@@1@40@@oe@2-2-2013
20465061@unknown@formal@none@1@S@Dr. Vogelstein and a doctoral student, Eric Fearon, began months of tedious and often frustrating probing of the chromosomes searching for signs of genetic damage.@@@@1@25@@oe@2-2-2013
20465062@unknown@formal@none@1@S@They began uncovering a confusing variety of genetic deletions, some existing only in benign polyps, others in malignant cells and many in both polyps and malignant cells.@@@@1@27@@oe@2-2-2013
20465063@unknown@formal@none@1@S@Gradually, a coherent picture of cancer development emerged.@@@@1@8@@oe@2-2-2013
20465064@unknown@formal@none@1@S@If both copies of a certain gene were knocked out, benign polyps would develop.@@@@1@14@@oe@2-2-2013
20465065@unknown@formal@none@1@S@If both copies of a second gene were then deleted, the polyps would progress to malignancy.@@@@1@16@@oe@2-2-2013
20465066@unknown@formal@none@1@S@It was clear that more than one gene had to be damaged for colon cancer to develop.@@@@1@17@@oe@2-2-2013
20465067@unknown@formal@none@1@S@Their report galvanized other molecular biologists.@@@@1@6@@oe@2-2-2013
20465068@unknown@formal@none@1@S@"It was the confirming evidence we all needed that {gene} losses were critical to the development of a common tumor," says Ray White at Howard Hughes Medical Institute in Salt Lake City.@@@@1@32@@oe@2-2-2013
20465069@unknown@formal@none@1@S@But Dr. Vogelstein had yet to nail the identity of the gene that, if damaged, flipped a colon cell into full-blown malignancy.@@@@1@22@@oe@2-2-2013
20465070@unknown@formal@none@1@S@They focused on chromosome 17.@@@@1@5@@oe@2-2-2013
20465071@unknown@formal@none@1@S@For months the Johns Hopkins researchers, using gene probes, experimentally crawled down the length of chromosome 17, looking for the smallest common bit of genetic material lost in all tumor cells.@@@@1@31@@oe@2-2-2013
20465072@unknown@formal@none@1@S@Such a piece of DNA would probably constitute a gene.@@@@1@10@@oe@2-2-2013
20465073@unknown@formal@none@1@S@When they found it last winter, Dr. Vogelstein was dubious that the search was over.@@@@1@15@@oe@2-2-2013
20465074@unknown@formal@none@1@S@His doubts stemmed from the fact that several years earlier a Princeton University researcher, Arnold Levine, had found in experiments with mice that a gene called p53 could transform normal cells into cancerous ones.@@@@1@34@@oe@2-2-2013
20465075@unknown@formal@none@1@S@The deletion Dr. Vogelstein found was in exactly the same spot as p53.@@@@1@13@@oe@2-2-2013
20465076@unknown@formal@none@1@S@But Mr. Levine had said the p53 gene caused cancer by promoting growth, whereas the Johns Hopkins scientists were looking for a gene that suppressed growth.@@@@1@26@@oe@2-2-2013
20465077@unknown@formal@none@1@S@Despite that, when the Johns Hopkins scientists compared the gene they had found in the human cancer cells with the Mr. Levine's p53 gene they found the two were identical; it turned out that in Mr. Levine's cancer studies, he had unknowingly been observing a damaged form of p53 -- a cancer-suppressing gene.@@@@1@53@@oe@2-2-2013
20465078@unknown@formal@none@1@S@The discovery "suddenly puts an obscure gene right in the cockpit of cancer formation," says Robert Weinberg, a leader in cancer-gene research at Whitehead Institute in Cambridge, Mass.@@@@1@28@@oe@2-2-2013
20465079@unknown@formal@none@1@S@Evidence now is emerging that the p53 suppressor gene is involved in other cancers, too.@@@@1@15@@oe@2-2-2013
20465080@unknown@formal@none@1@S@Researchers in Edinburgh, Scotland, have found that in 23 of 38 breast tumors, one copy of chromosome 17 was mutated at the spot where gene p53 lies.@@@@1@27@@oe@2-2-2013
20465081@unknown@formal@none@1@S@The scientists say that since breast cancer often strikes multiple members of certain families, the gene, when inherited in a damaged form, may predispose women to the cancer.@@@@1@28@@oe@2-2-2013
20465082@unknown@formal@none@1@S@The p53 gene has just been implicated in lung cancer.@@@@1@10@@oe@2-2-2013
20465083@unknown@formal@none@1@S@In a report out last week, John Minna and colleagues at the National Cancer Institute say that about half the cells taken from lung cancer tissue they tested are missing this gene.@@@@1@32@@oe@2-2-2013
20465084@unknown@formal@none@1@S@There also are reports from several labs, as yet unpublished, of missing p53 genes in tissue taken from kidney, brain and skin cancers.@@@@1@23@@oe@2-2-2013
20465085@unknown@formal@none@1@S@At the same time, the Johns Hopkins team and others are rushing to pinpoint other tumor-suppressor genes.@@@@1@17@@oe@2-2-2013
20465086@unknown@formal@none@1@S@Dr. Vogelstein hopes soon to isolate one on chromosome 18, also involved in colon cancer.@@@@1@15@@oe@2-2-2013
20465087@unknown@formal@none@1@S@Ray White in Utah and Walter Bodmer, a researcher in Great Britain, are close to finding another gene involved with some types of colon cancer, thought to be on chromosome 5.@@@@1@31@@oe@2-2-2013
20465088@unknown@formal@none@1@S@Dr. Minna believes people who inherit a defective gene somewhere on one of their two copies of chromosome 3 are especially prone to lung cancer.@@@@1@25@@oe@2-2-2013
20465089@unknown@formal@none@1@S@Recently, he and others reported that the retinoblastoma suppressor gene may also be involved in some lung cancers, as well as several other more common cancers, too.@@@@1@27@@oe@2-2-2013
20465090@unknown@formal@none@1@S@Where these discoveries will lead, scientists can only speculate.@@@@1@9@@oe@2-2-2013
20465091@unknown@formal@none@1@S@Already two major pharmaceutical companies, the Squibb unit of Bristol-Myers Squibb Co. and Hoffmann-La Roche Inc., are collaborating with gene hunters to turn the anticipated cascade of discoveries into predictive tests and, maybe, new therapies.@@@@1@35@@oe@2-2-2013
20465092@unknown@formal@none@1@S@Some researchers say new cancer drugs to slow or reverse tumor growth may be based on the suppressor proteins normally produced by the genes.@@@@1@24@@oe@2-2-2013
20465093@unknown@formal@none@1@S@The idea would be to administer to patients the growth-controlling proteins made by healthy versions of the damaged genes.@@@@1@19@@oe@2-2-2013
20465094@unknown@formal@none@1@S@It may even be possible to replace defective genes with healthy versions, though no one has come close to doing that so far.@@@@1@23@@oe@2-2-2013
20465095@unknown@formal@none@1@S@In any case, says Dr. Minna of the National Cancer Institute, "We're witnessing the discovery of one of the most important steps in the genesis of cancer.@@@@1@27@@oe@2-2-2013
20466001@unknown@formal@none@1@S@Many investors give Michael Foods about as much chance of getting it together as Humpty Dumpty.@@@@1@16@@oe@2-2-2013
20466002@unknown@formal@none@1@S@But now at least there's a glimmer of hope for the stock.@@@@1@12@@oe@2-2-2013
20466003@unknown@formal@none@1@S@Burger King, which breaks thousands of fresh eggs each morning, is quietly switching over to an alternative egg product made by Michael Foods.@@@@1@23@@oe@2-2-2013
20466004@unknown@formal@none@1@S@Known as Easy Eggs, the product has disappointed investors.@@@@1@9@@oe@2-2-2013
20466005@unknown@formal@none@1@S@When the company this month announced lower-than-forecast sales of Easy Eggs, the stock dropped nearly 19%.@@@@1@16@@oe@2-2-2013
20466006@unknown@formal@none@1@S@Michael won't confirm the identities of any Easy Egg customers, nor will it say much of anything else.@@@@1@18@@oe@2-2-2013
20466007@unknown@formal@none@1@S@Two Minneapolis shareholder suits in the past month have accused top officers of making "various untrue statements."@@@@1@17@@oe@2-2-2013
20466008@unknown@formal@none@1@S@These federal-court suits accuse the officers of failing to disclose that Easy Eggs were unlikely to sell briskly enough to justify all of Michael's production capacity.@@@@1@26@@oe@2-2-2013
20466009@unknown@formal@none@1@S@But at least Burger King has signed on, and says that by year end it won't be using any shell eggs.@@@@1@21@@oe@2-2-2013
20466010@unknown@formal@none@1@S@The Miami fast-food chain, owned by Grand Metropolitan of Britain, expects to consume roughly 34 million pounds of liquefied eggs annually.@@@@1@21@@oe@2-2-2013
20466011@unknown@formal@none@1@S@So there is reason to believe that Michael's hopes for a bacteria-free, long-shelf-life egg weren't all hype.@@@@1@17@@oe@2-2-2013
20466012@unknown@formal@none@1@S@(Easy Eggs are pasteurized in a heat-using process.)@@@@1@8@@oe@2-2-2013
20466013@unknown@formal@none@1@S@Still, caution is advisable.@@@@1@4@@oe@2-2-2013
20466014@unknown@formal@none@1@S@A company official says Michael's break-even volume on Easy Eggs is around 60 million pounds a year -- apparently well above current shipments and a far cry from what the company once suggested was a billion-pound market waiting for such a product.@@@@1@42@@oe@2-2-2013
20466015@unknown@formal@none@1@S@Perhaps to debunk the analysts' talk of over-capacity, Michael today will take some of the skeptics on a tour of its new Gaylord, Minn., plant.@@@@1@25@@oe@2-2-2013
20466016@unknown@formal@none@1@S@There has been no announcement of the Burger King arrangement by either party, possibly for fear that McDonald's and other fast-food rivals would seize on it in scornful advertising.@@@@1@29@@oe@2-2-2013
20466017@unknown@formal@none@1@S@But Burger King operators independently confirm using Michael's product.@@@@1@9@@oe@2-2-2013
20466018@unknown@formal@none@1@S@Other institutional users reportedly include Marriott, which is moving away from fresh eggs on a region-by-region basis.@@@@1@17@@oe@2-2-2013
20466019@unknown@formal@none@1@S@The extent of Marriott's use isn't known, and Marriott officials couldn't be reached for comment.@@@@1@15@@oe@2-2-2013
20466020@unknown@formal@none@1@S@Michael Foods has attracted a good many short-sellers, the people who sell borrowed shares in a bet that a stock price will drop and allow the return of cheaper shares to the lender.@@@@1@33@@oe@2-2-2013
20466021@unknown@formal@none@1@S@Many analysts question management's credibility.@@@@1@5@@oe@2-2-2013
20466022@unknown@formal@none@1@S@"The stock, in my opinion, is going to go lower, not only because of disappointing earnings but {because} the credibility gap is certainly not closing," says L. Craig Carver of Dain Bosworth.@@@@1@32@@oe@2-2-2013
20466023@unknown@formal@none@1@S@Mr. Carver says that at a recent Dain-sponsored conference in New York, he asked Michael's chief executive officer if the fourth quarter would be down.@@@@1@25@@oe@2-2-2013
20466024@unknown@formal@none@1@S@The CEO, Richard G. Olson, replied "yes," but wouldn't elaborate.@@@@1@10@@oe@2-2-2013
20466025@unknown@formal@none@1@S@(The company didn't put out a public announcement.@@@@1@8@@oe@2-2-2013
20466026@unknown@formal@none@1@S@A spokesman said later that Mr. Olson was being "conservative" in his estimate.@@@@1@13@@oe@2-2-2013
20466027@unknown@formal@none@1@S@But the spokesman added that while Michael will earn less than last year's $1.20 a share, it thinks Street estimates of $1 or so are low.)@@@@1@26@@oe@2-2-2013
20466028@unknown@formal@none@1@S@Analyst Robin Young of John Kinnard & Co., Minneapolis, calls himself "the last remaining bull on the stock."@@@@1@18@@oe@2-2-2013
20466029@unknown@formal@none@1@S@He argues that Michael Foods is misunderstood: "This is a growth company in the packaged food industry -- a rare breed, like finding a white rhino."@@@@1@26@@oe@2-2-2013
20466030@unknown@formal@none@1@S@Earnings aren't keeping pace, he says, because of heavy investments in the egg technologies and drought-related costs in its potato business.@@@@1@21@@oe@2-2-2013
20466031@unknown@formal@none@1@S@Mr. Carver, however, believes the company's egg product won't help the bottom line in the short run, even though it "makes sense -- it's more convenient" and justifies its price, which is higher than shell eggs, because of health and sanitation concerns.@@@@1@42@@oe@2-2-2013
20466032@unknown@formal@none@1@S@Prospective competition is one problem.@@@@1@5@@oe@2-2-2013
20466033@unknown@formal@none@1@S@Last week a closely held New Jersey concern, Papetti High-Grade Egg Products Co., rolled out an aseptically packaged liquefied item called Table Ready.@@@@1@23@@oe@2-2-2013
20466034@unknown@formal@none@1@S@Company President Steve Papetti says Marriott will be among his clients as well.@@@@1@13@@oe@2-2-2013
20466035@unknown@formal@none@1@S@Michael shares closed at 13 3/4 yesterday in national over-the-counter trading.@@@@1@11@@oe@2-2-2013
20466036@unknown@formal@none@1@S@Says New York-based short seller Mark Cohodes, "In my mind this is a $7 stock."@@@@1@15@@oe@2-2-2013
20466037@unknown@formal@none@1@S@Michael late yesterday announced a $3.8 million stock buy-back program.@@@@1@10@@oe@2-2-2013
20466038@unknown@formal@none@1@S@Michael, which also processes potatoes, still relies on spuds for about a fourth of its sales and nearly half its pretax profit.@@@@1@22@@oe@2-2-2013
20466039@unknown@formal@none@1@S@But dry growing conditions in the Red River Valley of Minnesota and North Dakota are pushing spot prices of potatoes beyond what Michael contracted to pay last spring.@@@@1@28@@oe@2-2-2013
20466040@unknown@formal@none@1@S@Company lawyers recently sent letters to growers saying that Michael "would take very seriously any effort . . . to divert its contracted-for potatoes to other outlets."@@@@1@27@@oe@2-2-2013
20466041@unknown@formal@none@1@S@Still, analysts believe that profit margins in the potato business will be down again this year.@@@@1@16@@oe@2-2-2013
20467001@unknown@formal@none@1@S@Pierre Peladeau, a Canadian newspaper publisher little-known in the U.S., figures to become a big player in North American printing -- and his ambitions don't end there.@@@@1@27@@oe@2-2-2013
20467002@unknown@formal@none@1@S@Yesterday, Quebecor Inc., a Montreal printing, publishing and forest-products company 53%-owned by Mr. Peladeau, agreed to acquire Maxwell Communication Corp.'s U.S. printing subsidiary, Maxwell Graphics Inc., for $500 million in cash and securities.@@@@1@33@@oe@2-2-2013
20467003@unknown@formal@none@1@S@The purchase, expected to be completed by year end, will make Quebecor the second-largest commercial printer in North America, behind only R.R. Donnelley & Sons Co., Chicago.@@@@1@27@@oe@2-2-2013
20467004@unknown@formal@none@1@S@The printing customers that Quebecor will gain through Maxwell Graphics include the Sunday newspaper supplement Parade, Time, Sports Illustrated and TV Guide.@@@@1@22@@oe@2-2-2013
20467005@unknown@formal@none@1@S@But the transaction is just Mr. Peladeau's latest step in a larger design: to build Quebecor through acquisitions into an integrated paper, publishing and printing concern with a reach throughout North America.@@@@1@32@@oe@2-2-2013
20467006@unknown@formal@none@1@S@He already has achieved vertical integration on a limited scale: Quebecor can put a weekly newspaper on almost any Quebec doorstep without using outside help, from chopping down the tree to making the newsprint to flinging it up onto the porch.@@@@1@41@@oe@2-2-2013
20467007@unknown@formal@none@1@S@Analysts say Quebecor's purchase is part of a trend toward consolidation in the North American printing industry.@@@@1@17@@oe@2-2-2013
20467008@unknown@formal@none@1@S@Along with Donnelley, says Jacques Massicotte, an analyst with Nesbitt Thomson Deacon Inc. in Montreal, "Quebecor has positioned itself as one of the two key players."@@@@1@26@@oe@2-2-2013
20467009@unknown@formal@none@1@S@He adds: "I think this is a great strategic move for Quebecor.@@@@1@12@@oe@2-2-2013
20467010@unknown@formal@none@1@S@They are buying an operation that is running well."@@@@1@9@@oe@2-2-2013
20467011@unknown@formal@none@1@S@Mr. Peladeau says he isn't trying to catch up to Donnelley, which has annual sales of over $3 billion.@@@@1@19@@oe@2-2-2013
20467012@unknown@formal@none@1@S@"Size doesn't matter," Mr. Peladeau says.@@@@1@6@@oe@2-2-2013
20467013@unknown@formal@none@1@S@"What counts is the bottom line."@@@@1@6@@oe@2-2-2013
20467014@unknown@formal@none@1@S@Some of Mr. Peladeau's ventures, including an earlier push into the U.S. market, haven't paid off on the bottom line.@@@@1@20@@oe@2-2-2013
20467015@unknown@formal@none@1@S@Quebecor started the Philadelphia Journal, a daily tabloid, in 1977 and closed it three years later.@@@@1@16@@oe@2-2-2013
20467016@unknown@formal@none@1@S@The venture cost Quebecor $12 million, Mr. Peladeau says.@@@@1@9@@oe@2-2-2013
20467017@unknown@formal@none@1@S@More recently, some former Quebecor executives started their own printing company, specializing in printing and distributing advertising circulars.@@@@1@18@@oe@2-2-2013
20467018@unknown@formal@none@1@S@Quebecor still lags in the Quebec circulars market, while Mr. Peladeau's former employees are expanding across Canada.@@@@1@17@@oe@2-2-2013
20467019@unknown@formal@none@1@S@Mr. Peladeau took his first big gamble 25 years ago, when he took advantage of a strike at La Presse, then Montreal's dominant French-language newspaper, to launch the Journal de Montreal.@@@@1@31@@oe@2-2-2013
20467020@unknown@formal@none@1@S@The tabloid's circulation soared to 80,000, but plunged to under 10,000 when the La Presse strike ended.@@@@1@17@@oe@2-2-2013
20467021@unknown@formal@none@1@S@Still, Mr. Peladeau stuck with the venture.@@@@1@7@@oe@2-2-2013
20467022@unknown@formal@none@1@S@Now the Journal, flush with ads and hugely profitable, is even with La Presse in weekend circulation and outsells it 3 to 2 every weekday.@@@@1@25@@oe@2-2-2013
20467023@unknown@formal@none@1@S@Mr. Peladeau has never made any apologies for publishing the tabloid, a brash mix of crime and sports.@@@@1@18@@oe@2-2-2013
20467024@unknown@formal@none@1@S@"I've read Balzac," he answers critics.@@@@1@6@@oe@2-2-2013
20467025@unknown@formal@none@1@S@"It's tabloid news from A to Z."@@@@1@7@@oe@2-2-2013
20467026@unknown@formal@none@1@S@Quebecor also publishes a second tabloid in Montreal, the struggling 18-month-old Montreal Daily News; dailies in Quebec City and Winnipeg, Manitoba; and dozens of weeklies covering most of Quebec.@@@@1@29@@oe@2-2-2013
20467027@unknown@formal@none@1@S@A series of recent acquisitions made it the dominant magazine publisher in Quebec.@@@@1@13@@oe@2-2-2013
20467028@unknown@formal@none@1@S@After a recent merger, it is also the only province-wide distributor of magazines and newspapers in Quebec.@@@@1@17@@oe@2-2-2013
20467029@unknown@formal@none@1@S@Finally, with Maxwell Communication, the company controls 54% of Donohue Inc., a Quebec City pulp and paper concern.@@@@1@18@@oe@2-2-2013
20467030@unknown@formal@none@1@S@In yesterday's accord, Quebecor agreed to pay $400 million in cash for Maxwell Graphics, and to give Maxwell Communication a 20% stake, valued at $100 million, in Quebecor's new printing subsidiary.@@@@1@31@@oe@2-2-2013
20467031@unknown@formal@none@1@S@The new, as yet unnamed, subsidiary will combine Quebecor's existing printing unit and Maxwell Graphics.@@@@1@15@@oe@2-2-2013
20467032@unknown@formal@none@1@S@It will have 61 plants from coast to coast and $1.5 billion in annual sales.@@@@1@15@@oe@2-2-2013
20467033@unknown@formal@none@1@S@Quebecor will own 57.5% of the new subsidiary.@@@@1@8@@oe@2-2-2013
20467034@unknown@formal@none@1@S@Caisse de Depot et Placement, the Quebec government pension-fund agency, will pay $112.5 million for the remaining 22.5% stake in the printing operation.@@@@1@23@@oe@2-2-2013
20467035@unknown@formal@none@1@S@Pierre-Karl Peladeau, the founder's son and the executive in charge of the acquisition, says Quebecor hasn't decided how it will finance its share of the purchase, but he says it most likely will use debt.@@@@1@35@@oe@2-2-2013
20467036@unknown@formal@none@1@S@The Maxwell deal is Quebecor's second big printing acquisition in just over a year.@@@@1@14@@oe@2-2-2013
20467037@unknown@formal@none@1@S@Last October, Quebecor bought 23 Canadian printing plants from BCE Inc., a Montreal telecommunications, manufacturing, energy and real estate company.@@@@1@20@@oe@2-2-2013
20467038@unknown@formal@none@1@S@That purchase doubled Quebecor's annual printing revenue to $750 million.@@@@1@10@@oe@2-2-2013
20467039@unknown@formal@none@1@S@Maxwell's sale of its U.S. printing unit was expected, the last major business to be disposed of in a major reshuffling of assets.@@@@1@23@@oe@2-2-2013
20467040@unknown@formal@none@1@S@According to its most recent annual report, covering the 15 months ended March 31, Maxwell Communication bought $3.85 billion in assets -- including Macmillan Inc. and Official Airlines Guides -- and sold $2 billion in non-strategic businesses.@@@@1@37@@oe@2-2-2013
20467041@unknown@formal@none@1@S@Now, Maxwell founder Robert Maxwell says he has an appetite for new acquisitions in the U.S., adding that he could spend "a good deal more" than $1 billion on another U.S. purchase.@@@@1@32@@oe@2-2-2013
20467042@unknown@formal@none@1@S@In London trading yesterday, Maxwell Communication shares rose nine pence, to 216 pence ($3.41).@@@@1@14@@oe@2-2-2013
20467043@unknown@formal@none@1@S@In Montreal, Quebecor's multiple voting Class A stock closed at C$16.375 (US$13.94), down 12.5 Canadian cents.@@@@1@16@@oe@2-2-2013
20467044@unknown@formal@none@1@S@Quebecor Class B stock closed at C$15.375, up 62.5 Canadian cents.@@@@1@11@@oe@2-2-2013
20467045@unknown@formal@none@1@S@Craig Forman in London contributed to this article.@@@@1@8@@oe@2-2-2013
20468001@unknown@formal@none@1@S@G.D. Searle & Co. said the Food and Drug Administration approved the sale of Kerlone, a hypertension drug developed by a joint venture between Searle and a French concern.@@@@1@29@@oe@2-2-2013
20468002@unknown@formal@none@1@S@Searle, a unit of Monsanto Co., said the "beta-blocker" high-blood-pressure drug Kerlone is the first product to reach the market through Lorex Pharmaceuticals, the U.S. company jointly owned by Searle and Synthelabo, a French pharmaceutical concern owned by France's L'Oreal S.A.@@@@1@41@@oe@2-2-2013
20469001@unknown@formal@none@1@S@The U.S. Equal Employment Opportunity Commission sued New York state for age discrimination against appointed state judges.@@@@1@17@@oe@2-2-2013
20469002@unknown@formal@none@1@S@The suit, filed in federal court in Manhattan, charges that New York's mandatory retirement age of 76 violates federal law.@@@@1@20@@oe@2-2-2013
20469003@unknown@formal@none@1@S@Separately, the commission intervened in a Connecticut state judge's age-bias suit in federal court in New Haven.@@@@1@17@@oe@2-2-2013
20469004@unknown@formal@none@1@S@The commission's filing in that case challenges Connecticut's mandatory retirement age of 70 for appointed judges.@@@@1@16@@oe@2-2-2013
20469005@unknown@formal@none@1@S@The New York suit was filed on behalf of Justice Isaac Rubin, whose appointment to the state appellate division expires at year end, and all other judges hurt by the alleged age discrimination.@@@@1@33@@oe@2-2-2013
20469006@unknown@formal@none@1@S@The suit, assigned to federal Judge Kimba Wood, seeks a permanent injunction, back pay for judges who have been forced to retire, reinstatement of retired judges and "other affirmative relief necessary to eradicate the effects of (New York's) unlawful employment practices."@@@@1@41@@oe@2-2-2013
20469007@unknown@formal@none@1@S@Justice Rubin, a state judge since 1969, said the mandatory-retirement age hurts the court system because it deprives the state of experienced judges still capable of serving on the bench.@@@@1@30@@oe@2-2-2013
20469008@unknown@formal@none@1@S@"The issue isn't age -- age is just a number.@@@@1@10@@oe@2-2-2013
20469009@unknown@formal@none@1@S@The issue is one of a judge's experience, his competence and his physical ability to serve on the bench," Justice Rubin said.@@@@1@22@@oe@2-2-2013
20469010@unknown@formal@none@1@S@"I've had no problems performing my duties and responsibilities."@@@@1@9@@oe@2-2-2013
20469011@unknown@formal@none@1@S@Because Justice Rubin turned 76 on May 9, he isn't eligible to be reappointed to the bench at the end of the year.@@@@1@23@@oe@2-2-2013
20469012@unknown@formal@none@1@S@The suit's impact on New York may be narrow, however.@@@@1@10@@oe@2-2-2013
20469013@unknown@formal@none@1@S@Most New York judges are elected, and the federal age-discrimination law doesn't apply to elected officials, said James L. Lee, regional attorney for the EEOC in New York.@@@@1@28@@oe@2-2-2013
20469014@unknown@formal@none@1@S@Under New York law, elected judges must retire at age 70, but then can be appointed to two-year terms until they reach 76.@@@@1@23@@oe@2-2-2013
20469015@unknown@formal@none@1@S@A spokeswoman for the state's Office of Court Administration declined to comment on the suit.@@@@1@15@@oe@2-2-2013
20469016@unknown@formal@none@1@S@But she said the state currently has 35 appointed judges who are over 70.@@@@1@14@@oe@2-2-2013
20469017@unknown@formal@none@1@S@In Connecticut, however, most state judges are appointed by the governor and approved by the state legislature.@@@@1@17@@oe@2-2-2013
20469018@unknown@formal@none@1@S@The parties in the Connecticut case have agreed to stay proceedings pending the appeal of another EEOC age-bias case against Vermont.@@@@1@21@@oe@2-2-2013
20469019@unknown@formal@none@1@S@In the Vermont case, a federal judge ruled that the state's mandatory age of 70 for appointed judges was illegal; Vermont's appeal of that decision is pending before the U.S. Second Circuit Court of Appeals in Manhattan.@@@@1@37@@oe@2-2-2013
20469020@unknown@formal@none@1@S@Aaron Ment, Connecticut's chief court administrator, declined to comment on the suit and the EEOC's intervention.@@@@1@16@@oe@2-2-2013
20469021@unknown@formal@none@1@S@He said the state has 165 appointed judges and 15 "trial referees," who are former judges over age 70 and serve a restricted role on the bench.@@@@1@27@@oe@2-2-2013
20469022@unknown@formal@none@1@S@ORGANIZED CRIME Strike Forces likely to be abolished next month.@@@@1@10@@oe@2-2-2013
20469023@unknown@formal@none@1@S@U.S. Attorney General Dick Thornburgh's plan to dissolve the 14 regional organized-crime strike forces is expected to go into effect next month, despite the opposition of Democratic congressional leaders and lawyers in the special units.@@@@1@35@@oe@2-2-2013
20469024@unknown@formal@none@1@S@The units are autonomous from U.S. attorneys' offices and focus exclusively on prosecuting organized-crime cases.@@@@1@15@@oe@2-2-2013
20469025@unknown@formal@none@1@S@In February, Mr. Thornburgh announced his plan to abolish the units.@@@@1@11@@oe@2-2-2013
20469026@unknown@formal@none@1@S@He says the strike-force lawyers will work more efficiently under the supervision of U.S. attorneys.@@@@1@15@@oe@2-2-2013
20469027@unknown@formal@none@1@S@Mr. Thornburgh will be free to disband the strike forces after Congress approves a $479 million appropriation for federal law-enforcement and drug-interdiction agencies, according to David Runkel, a Justice Department spokesman.@@@@1@31@@oe@2-2-2013
20469028@unknown@formal@none@1@S@The bill is expected to pass in Congress next month.@@@@1@10@@oe@2-2-2013
20469029@unknown@formal@none@1@S@Congress temporarily halted Mr. Thornburgh's effort with an appropriation resolution that prohibited him from using budgeted funds to implement his plan.@@@@1@21@@oe@2-2-2013
20469030@unknown@formal@none@1@S@Opponents say Mr. Thornburgh's plan will needlessly break up longtime, tightly knit crime-fighting units that have successfully prosecuted major organized-crime figures.@@@@1@21@@oe@2-2-2013
20469031@unknown@formal@none@1@S@They predict that organized-crime activity will increase once the units are dissolved and their responsibilities transferred to U.S. attorneys' offices.@@@@1@20@@oe@2-2-2013
20469032@unknown@formal@none@1@S@Some former strike-force personnel say the units have already begun to break up.@@@@1@13@@oe@2-2-2013
20469033@unknown@formal@none@1@S@The Eastern District unit in Brooklyn, N.Y., lost seven of its 15 attorneys this year partly because the lawyers were troubled by the proposed reorganization, says Laura A. Brevetti, who left the strike force to join Morrison Cohen Singer & Weinstein, a New York law firm.@@@@1@46@@oe@2-2-2013
20469034@unknown@formal@none@1@S@"Those who have left have expressed an opinion that the strike force should continue," Ms. Brevetti says.@@@@1@17@@oe@2-2-2013
20469035@unknown@formal@none@1@S@But Mr. Runkel contends there has been no exodus of strike-force lawyers.@@@@1@12@@oe@2-2-2013
20469036@unknown@formal@none@1@S@He says 27 lawyers have left and 21 have been hired since Mr. Thornburgh announced his plan.@@@@1@17@@oe@2-2-2013
20469037@unknown@formal@none@1@S@At the time the plan was announced, there were 135 lawyers.@@@@1@11@@oe@2-2-2013
20469038@unknown@formal@none@1@S@Some congressional leaders intend to continue to fight for independent strike forces.@@@@1@12@@oe@2-2-2013
20469039@unknown@formal@none@1@S@A spokesman for Sen. Edward M. Kennedy (D., Mass.) says Mr. Thornburgh would be required to reinstate the units next year if an proposed omnibus crime bill is passed.@@@@1@29@@oe@2-2-2013
20469040@unknown@formal@none@1@S@Among other things, the bill calls for a reorganization of the Justice Department.@@@@1@13@@oe@2-2-2013
20469041@unknown@formal@none@1@S@The Senate is expected to consider the bill shortly, says the senator's spokesman.@@@@1@13@@oe@2-2-2013
20469042@unknown@formal@none@1@S@Mr. Runkel says he doubts Mr. Kennedy can muster enough congressional support to reorganize the Justice Department.@@@@1@17@@oe@2-2-2013
20469043@unknown@formal@none@1@S@"We will vigorously oppose the bill," he says.@@@@1@8@@oe@2-2-2013
20469044@unknown@formal@none@1@S@"I don't think (the reorganization is) going to happen."@@@@1@9@@oe@2-2-2013
20469045@unknown@formal@none@1@S@WHITMAN & RANSOM recruits lawyers from disbanding firm:@@@@1@8@@oe@2-2-2013
20469046@unknown@formal@none@1@S@The 204-lawyer New York firm will bring in at least 12 partners and a not yet determined number of associates from Golenbock & Barell, which will dissolve Dec. 31.@@@@1@29@@oe@2-2-2013
20469047@unknown@formal@none@1@S@Golenbock, with 35 lawyers, has lost several partners during the past year.@@@@1@12@@oe@2-2-2013
20469048@unknown@formal@none@1@S@Some Golenbock lawyers won't be invited to join Whitman & Ransom, according to partners at both firms.@@@@1@17@@oe@2-2-2013
20469049@unknown@formal@none@1@S@Whitman & Ransom managing partner Maged F. Riad said the Golenbock recruits will enhance the firm's corporate and litigation departments.@@@@1@20@@oe@2-2-2013
20469050@unknown@formal@none@1@S@SHORT SKIRTS not welcome in Texas court:@@@@1@7@@oe@2-2-2013
20469051@unknown@formal@none@1@S@Shelly Hancock, a male county court judge in Houston, refused to let a woman plead guilty to a drunk-driving charge because her skirt stopped three inches above her knees.@@@@1@29@@oe@2-2-2013
20469052@unknown@formal@none@1@S@The woman appeared in court Thursday to enter her plea, but when she started to approach the bench, she was stopped by Judge Hancock.@@@@1@24@@oe@2-2-2013
20469053@unknown@formal@none@1@S@He told the woman's lawyer, Victor Blaine, that the short skirt was inappropriate for a court appearance.@@@@1@17@@oe@2-2-2013
20469054@unknown@formal@none@1@S@Despite Mr. Blaine's protests, the judge rescheduled her case for Nov. 27.@@@@1@12@@oe@2-2-2013
20469055@unknown@formal@none@1@S@Kelly Siegler, an assistant district attorney who was in the courtroom, disputed suggestions the action was sexist, saying she had seen Judge Hancock turn away male defendants dressed in shorts, tank tops or muscle shirts "many times."@@@@1@37@@oe@2-2-2013
20469056@unknown@formal@none@1@S@Judge Hancock didn't return phone calls.@@@@1@6@@oe@2-2-2013
20470001@unknown@formal@none@1@S@Warner Communications Inc. and Sony Corp. resumed settlement talks on their legal battle over Hollywood producers Peter Guber and Jon Peters, but continued to level strong accusations at each other in legal documents.@@@@1@33@@oe@2-2-2013
20470002@unknown@formal@none@1@S@Warner has filed a $1 billion breach of contract suit in Los Angeles Superior Court against Sony and the Guber-Peters duo, who in turn are countersuing Warner for trying to interfere in Sony's acquisition of Columbia Pictures Entertainment Inc. and Guber Peters Entertainment Co. in two transactions valued at over $5 billion.@@@@1@52@@oe@2-2-2013
20470003@unknown@formal@none@1@S@Although settlement talks had been dropped, attorneys for the two sides apparently began talking again yesterday in an attempt to settle the matter before Thursday, when a judge is expected to rule on Warner's request for an injunction that would block the two producers from taking over the management of Columbia.@@@@1@51@@oe@2-2-2013
20470004@unknown@formal@none@1@S@Yesterday, in documents filed in connection with that case, Warner accused Sony officials of falsely claiming that they never read the five-year contract requiring the two producers to make movies exclusively for Columbia, citing Securities and Exchange Commission filings made by Sony that described the contracts.@@@@1@46@@oe@2-2-2013
20470005@unknown@formal@none@1@S@Warner was referring to documents filed last week in which Sony Corp. of America Vice Chairman Michael Schulof and Walter Yetnikoff, president of its CBS Records unit, said they had taken Mr. Guber and Mr. Peters at their word when the producers told them that getting out of the contract would be no problem because of a previous oral agreement.@@@@1@60@@oe@2-2-2013
20470006@unknown@formal@none@1@S@Wayne Smith, an attorney at Gibson, Dunn & Crutcher in Los Angeles representing Sony, said the Sony executives hadn't seen the contract because "it wasn't relevant once Guber and Peters told them Warner would let them terminate it at any time."@@@@1@41@@oe@2-2-2013
20470007@unknown@formal@none@1@S@Mr. Smith said statements about the contract made in SEC filings were made by attorneys who did have access to the contracts but who weren't part of the negotiations between Sony and the duo.@@@@1@34@@oe@2-2-2013
20470008@unknown@formal@none@1@S@Warner executives also filed new sworn affidavits denying claims by Messrs. Guber and Peters that the two sides had an oral agreement that enabled the producers to terminate their contract with Warner should the opportunity to run a major studio come up.@@@@1@42@@oe@2-2-2013
20470009@unknown@formal@none@1@S@But Mr. Smith said Sony intends to prove that the oral agreement did in fact exist, and that even the existing written contract doesn't preclude the producers from taking executive posts at another studio.@@@@1@34@@oe@2-2-2013
20470010@unknown@formal@none@1@S@Warner described as "nonsense" yesterday Sony's assertions in prior court filings that Mr. Guber and Mr. Peters could in theory run Columbia while still fulfilling their contract to produce movies for Warner.@@@@1@32@@oe@2-2-2013
20470011@unknown@formal@none@1@S@Such a dual role would be "impractical and unethical," Warner said, adding, "that concept is as silly as suggesting that the head coach of the Los Angeles Dodgers could simultaneously be general manager of the San Francisco Giants."@@@@1@38@@oe@2-2-2013
20470012@unknown@formal@none@1@S@Warner, which is in the process of being acquired by New York-based Time Warner Inc., also said it paid the two producers a fixed annual salary of $3 million.@@@@1@29@@oe@2-2-2013
20471001@unknown@formal@none@1@S@Dataproducts Inc. said it filed a lawsuit in Delaware Chancery Court to block a tender offer by DPC Acquisition Partners, alleging that the hostile offer violates a standstill agreement between the two concerns.@@@@1@33@@oe@2-2-2013
20471002@unknown@formal@none@1@S@DPC, an investor group led by New York-based Crescott Investment Associates, had itself filed a suit in state court in Los Angeles seeking to nullify the agreement.@@@@1@27@@oe@2-2-2013
20471003@unknown@formal@none@1@S@Earlier this year, Dataproducts had rejected a $15 a share offer from DPC, saying it wasn't adequately financed.@@@@1@18@@oe@2-2-2013
20471004@unknown@formal@none@1@S@DPC last week launched a new, $10-a-share offer for the Woodland Hills, Calif.-based computer printer maker.@@@@1@16@@oe@2-2-2013
20471005@unknown@formal@none@1@S@DPC said it couldn't comment on the suit.@@@@1@8@@oe@2-2-2013
20472001@unknown@formal@none@1@S@Boeing Co.'s third-quarter profit leaped 68%, but Wall Street's attention was focused on the picket line, not the bottom line.@@@@1@20@@oe@2-2-2013
20472002@unknown@formal@none@1@S@In fact, the earnings report unfolded as representatives of the world's No. 1 jet maker and the striking Machinists union came back to the negotiating table for their first meeting in two weeks.@@@@1@33@@oe@2-2-2013
20472003@unknown@formal@none@1@S@Doug Hammond, the federal mediator in Seattle, where Boeing is based, said the parties will continue to sit down daily until a new settlement proposal emerges or the talks break off again.@@@@1@32@@oe@2-2-2013
20472004@unknown@formal@none@1@S@Despite the progress, Boeing indicated that the work stoppage, now in its 27th day, will have "a serious adverse impact" on the current quarter.@@@@1@24@@oe@2-2-2013
20472005@unknown@formal@none@1@S@For the third quarter, net rose to $242 million, or $1.05 a share, from $144 million, or 63 cents a share.@@@@1@21@@oe@2-2-2013
20472006@unknown@formal@none@1@S@Sales climbed 71% to $6.36 billion from $3.72 billion as the company capitalized on the ravenous global demand for commercial airliners.@@@@1@21@@oe@2-2-2013
20472007@unknown@formal@none@1@S@Because it's impossible to gauge how long the walkout by 55,000 Machinists rank and file will last, the precise impact on Boeing's sales, earnings, cash flow and short-term investment position couldn't be determined.@@@@1@33@@oe@2-2-2013
20472008@unknown@formal@none@1@S@The investment community, however, strongly believes that the strike will be settled before there is any lasting effect on either Boeing or its work force.@@@@1@25@@oe@2-2-2013
20472009@unknown@formal@none@1@S@The company's total firm backlog of unfilled orders at Sept. 30 stood at a mighty $69.1 billion, compared with $53.6 billion at the end of@@@@1@25@@oe@2-2-2013
20472010@unknown@formal@none@1@S@Although the company could see fourth-quarter revenue shrink by nearly $5 billion if it isn't able to deliver any more planes this year, those dollars actually would just be deferred until 1990.@@@@1@32@@oe@2-2-2013
20472011@unknown@formal@none@1@S@And the company is certain to get out some aircraft with just supervisors and other non-striking employees on hand.@@@@1@19@@oe@2-2-2013
20472012@unknown@formal@none@1@S@Before the union rejected the company's offer and the strike was launched with the graveyard shift of Oct. 4, Boeing had been counting on turning 96 aircraft out the door in the present period.@@@@1@34@@oe@2-2-2013
20472013@unknown@formal@none@1@S@That included 21 of the company's 747-400 jumbo jets, its most successful product.@@@@1@13@@oe@2-2-2013
20472014@unknown@formal@none@1@S@"It's not a pretty picture," said David Smith, an analyst with Raymond James & Associates.@@@@1@15@@oe@2-2-2013
20472015@unknown@formal@none@1@S@"But it would just mean a great first and second quarter next year."@@@@1@13@@oe@2-2-2013
20472016@unknown@formal@none@1@S@Phillip Brannon of Merrill Lynch Capital Markets added: "You don't want to minimize this and say nobody is looking at it.@@@@1@21@@oe@2-2-2013
20472017@unknown@formal@none@1@S@But the strike hasn't gone on long enough for Boeing to lose business in any real sense."@@@@1@17@@oe@2-2-2013
20472018@unknown@formal@none@1@S@That's the primary reason the company's share price has held up so well when, in Mr. Smith's words, "most companies would have unraveled" by now.@@@@1@25@@oe@2-2-2013
20472019@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Boeing closed yesterday at $54.50 a share, off a scant 12.5 cents.@@@@1@19@@oe@2-2-2013
20472020@unknown@formal@none@1@S@Still, Boeing went through its normal verbal gymnastics and played up the downside.@@@@1@13@@oe@2-2-2013
20472021@unknown@formal@none@1@S@In a statement, Chairman Frank Shrontz asserted that the company "faces significant challenges and risks," on both its commercial and government contracts.@@@@1@22@@oe@2-2-2013
20472022@unknown@formal@none@1@S@For instance, he noted that spending on Pentagon programs is shrinking, and Boeing is either the prime contractor or a major supplier on many important military projects, including the B-2 Stealth bomber, the V-22 Osprey tilt-rotor aircraft and the Air Force's next-generation tactical fighter.@@@@1@44@@oe@2-2-2013
20472023@unknown@formal@none@1@S@Because of cost overruns on fixed-price military work, Mr. Shrontz said, the company's defense business will record "a significant loss" in 1989.@@@@1@22@@oe@2-2-2013
20472024@unknown@formal@none@1@S@Moreover, Mr. Shrontz added, production-rate increases that have been implemented on the 737, 747, 757 and 767 programs have resulted in "serious work force skill-dilution problems."@@@@1@26@@oe@2-2-2013
20472025@unknown@formal@none@1@S@Suppliers and subcontractors are experiencing heightened pressure to support delivery schedules.@@@@1@11@@oe@2-2-2013
20472026@unknown@formal@none@1@S@And, of course, there's the unsteady labor situation.@@@@1@8@@oe@2-2-2013
20472027@unknown@formal@none@1@S@Besides the Machinists pact, accords representing 30,000 of the company's engineering and technical employees in the Puget Sound and Wichita, Kan., areas expire in early December.@@@@1@26@@oe@2-2-2013
20472028@unknown@formal@none@1@S@Also, a contract with the United Auto Workers at the company's helicopter plant in Philadelphia expired Oct. 15.@@@@1@18@@oe@2-2-2013
20472029@unknown@formal@none@1@S@This contract, covering about 3,000 hourly production and maintenance workers, is being extended on a day-to-day basis.@@@@1@17@@oe@2-2-2013
20472030@unknown@formal@none@1@S@The Machinists rejected a proposal featuring a 10% base wage increase over the life of the three-year contract, plus bonuses of 8% the first year and 3% the second.@@@@1@29@@oe@2-2-2013
20472031@unknown@formal@none@1@S@On top of that, Boeing would make cost-of-living adjustments projected to be 5% for each year of the contract.@@@@1@19@@oe@2-2-2013
20472032@unknown@formal@none@1@S@The union, though, has called the offer "insulting."@@@@1@8@@oe@2-2-2013
20472033@unknown@formal@none@1@S@The company reiterated yesterday that it's willing to reconfigure the package, but not add to the substance of it.@@@@1@19@@oe@2-2-2013
20472034@unknown@formal@none@1@S@For the nine months, Boeing's net increased 36% to $598 million, or $2.60 a share, from $440 million, or $1.92 a share.@@@@1@22@@oe@2-2-2013
20472035@unknown@formal@none@1@S@Sales soared 28% to $15.43 billion from $12.09 billion.@@@@1@9@@oe@2-2-2013
20472036@unknown@formal@none@1@S@In a separate matter, the Justice Department yesterday said Boeing agreed to pay the government $11 million to settle claims that the company provided inaccurate cost information to the Air Force while negotiating contracts to replace the aluminum skins on the KC-135 tanker aircraft.@@@@1@44@@oe@2-2-2013
20472037@unknown@formal@none@1@S@The settlement relates to four contracts negotiated from 1982 to 1985, prosecutors said.@@@@1@13@@oe@2-2-2013
20472038@unknown@formal@none@1@S@They added that the settlement is the culmination of a 2 1/2-year investigation into the company's aluminum pricing practices in connection with KC-135s.@@@@1@23@@oe@2-2-2013
20472039@unknown@formal@none@1@S@A Boeing spokesman responded: "All along the company has said there was no grounds for criminal prosecution.@@@@1@17@@oe@2-2-2013
20472040@unknown@formal@none@1@S@That was borne out by the Justice Department's decision" to settle the case.@@@@1@13@@oe@2-2-2013
20473001@unknown@formal@none@1@S@Foothills Pipe Lines Ltd. filed an application with Canadian regulators to build a 4.4 billion Canadian dollar (US$3.74 billion) pipeline to transport natural gas from Canada's Arctic to U.S. markets beginning in@@@@1@32@@oe@2-2-2013
20473002@unknown@formal@none@1@S@The application by Foothills, owned by Calgary-based Nova Corp. of Alberta and Westcoast Energy Inc. of Vancouver, Canada, is expected to kick off what could be a contentious battle for the right to transport vast quantities of gas to southern markets from still-undeveloped fields in Canada's Mackenzie River delta.@@@@1@49@@oe@2-2-2013
20473003@unknown@formal@none@1@S@"This is a pre-emptive strike by Foothills," said Rick Hillary, natural gas manager of the Calgary-based Independent Petroleum Association of Canada, an industry group.@@@@1@24@@oe@2-2-2013
20473004@unknown@formal@none@1@S@"Foothills wants to make it clear to other pipeline companies that it's on first insofar as transporting gas from the Arctic to southern markets," Mr. Hillary said.@@@@1@27@@oe@2-2-2013
20473005@unknown@formal@none@1@S@At least two rival applications are expected to emerge in coming months, including one from TransCanada PipeLines Ltd., Canada's largest natural gas pipeline operator.@@@@1@24@@oe@2-2-2013
20473006@unknown@formal@none@1@S@Another is expected from a consortium of oil and gas producers who won conditional approval this month from Canada's National Energy Board to export about 9.2 trillion cubic feet of Mackenzie delta gas to the U.S. starting in 1996.@@@@1@39@@oe@2-2-2013
20473007@unknown@formal@none@1@S@The producers include Shell Canada Ltd., a unit of Royal Dutch/Shell Group; Esso Resources Canada Ltd., a unit of Imperial Oil Ltd., which is 71%-owned by Exxon Corp.; and Gulf Canada Resources Ltd., a unit of Olympia & York Developments Ltd.@@@@1@41@@oe@2-2-2013
20473008@unknown@formal@none@1@S@"The {National Energy Board} approval of the exports just waved the starting flag for the next stage, the rush to build facilities to transport the gas," said Bill Koerner, an analyst with Brady & Berliner, a Washington, D.C., law firm.@@@@1@40@@oe@2-2-2013
20473009@unknown@formal@none@1@S@Foothills' main rival to build a Mackenzie Delta pipeline is likely to be TransCanada PipeLines.@@@@1@15@@oe@2-2-2013
20473010@unknown@formal@none@1@S@The Toronto-based company, together with Tenneco Inc. of Houston, has had an incomplete proposal filed with Canadian regulators since 1984 that it is now updating.@@@@1@25@@oe@2-2-2013
20473011@unknown@formal@none@1@S@Like Foothills, TransCanada's Polar Gas consortium plans to build a pipeline directly south from the Mackenzie River delta in Canada's western Arctic with an initial capacity to transport 1.2 billion cubic feet of gas daily.@@@@1@35@@oe@2-2-2013
20473012@unknown@formal@none@1@S@Industry sources said they expect a fierce battle to emerge between TransCanada, which has a monopoly on Canadian gas transportation east of Alberta, and Nova and Westcoast, which control the pipelines within and running west of Alberta, respectively.@@@@1@38@@oe@2-2-2013
20473013@unknown@formal@none@1@S@"This is virgin territory, unclaimed, and it's going to be nasty," said one observer, who asked not to be named.@@@@1@20@@oe@2-2-2013
20473014@unknown@formal@none@1@S@"Neither is going to back down easily."@@@@1@7@@oe@2-2-2013
20473015@unknown@formal@none@1@S@TransCanada declined to comment on the Foothills application.@@@@1@8@@oe@2-2-2013
20473016@unknown@formal@none@1@S@But last week Gerald Maier, president and chief executive officer of TransCanada, said the company "intends to be a party to any transportation system that goes up there" and that it would consider joint ventures with other players to ensure it has a role.@@@@1@44@@oe@2-2-2013
20473017@unknown@formal@none@1@S@A number of issues still need to be resolved before Canadian regulators give any project the final go-ahead.@@@@1@18@@oe@2-2-2013
20473018@unknown@formal@none@1@S@First, the price of natural gas will have to almost double.@@@@1@11@@oe@2-2-2013
20473019@unknown@formal@none@1@S@Kent Jesperson, president of Foothills, said the company believes the project would be viable if gas prices reach US$3.25 a thousand cubic feet by 1995, in current dollars, up from a current spot price of about US$1.50.@@@@1@37@@oe@2-2-2013
20473020@unknown@formal@none@1@S@Mr. Jesperson's US$3.25 estimate is somewhat below the $3.39 floor price that Calgary-based consulting firm Paul Ziff & Co. recently said would be needed for Mackenzie delta gas producers to see a return on their investment.@@@@1@36@@oe@2-2-2013
20473021@unknown@formal@none@1@S@U.S. gas buyers must also decide whether they want to enter firm contracts for Mackenzie delta gas or develop Alaskan reserves in the Prudhoe Bay area first, a project that has been on hold for more than a decade.@@@@1@39@@oe@2-2-2013
20473022@unknown@formal@none@1@S@Robert Pierce, chairman and chief executive of Foothills, said it's too early to say whether Alaskan or Mackenzie delta gas would flow to market first.@@@@1@25@@oe@2-2-2013
20473023@unknown@formal@none@1@S@But Foothills said it plans to seek regulatory approval to build an alternative line, the Alaska Natural Gas Transportation System further north toward Alaska.@@@@1@24@@oe@2-2-2013
20473024@unknown@formal@none@1@S@If that option is favored by gas buyers and regulators, Foothills said it would build another smaller pipeline connecting Mackenzie Delta reserves to the Alaska mainline.@@@@1@26@@oe@2-2-2013
20473025@unknown@formal@none@1@S@It's also likely that regulators will try to forge some kind of consensus between the would-be pipeline builders before undertaking any hearings into rival projects.@@@@1@25@@oe@2-2-2013
20473026@unknown@formal@none@1@S@Douglas Stoneman, vice president of Shell Canada, noted that producers would prefer to avoid hearings into competing proposals that would lengthen the regulatory review process and bog down development.@@@@1@29@@oe@2-2-2013
20473027@unknown@formal@none@1@S@Interprovincial Pipe Line Co., an oil pipeline operator rumored to be mulling a gas pipeline proposal of its own, said that isn't in the cards.@@@@1@25@@oe@2-2-2013
20473028@unknown@formal@none@1@S@Instead, Richard Haskayne, president and chief executive of Interprovincial's Calgary-based parent, Interhome Energy Inc., said the company would prefer to work with other "interested parties" on a joint proposal.@@@@1@29@@oe@2-2-2013
20473029@unknown@formal@none@1@S@As for Foothills' pre-emptive bid, Mr. Haskayne said, "If they think it gives them some kind of priority position, well, that's their strategy.@@@@1@23@@oe@2-2-2013
20474001@unknown@formal@none@1@S@The Federal Reserve Board said it is delaying approval of First Union Corp.'s proposed $849 million acquisition of Florida National Banks of Florida Inc., pending the outcome of an examination into First Union's lending practices in low-income neighborhoods.@@@@1@38@@oe@2-2-2013
20474002@unknown@formal@none@1@S@The decision reflects the Fed's tougher stance on enforcing the Community Reinvestment Act, a federal law passed in 1977 to help low-income residents obtain loans.@@@@1@25@@oe@2-2-2013
20474003@unknown@formal@none@1@S@In recent years, unions and community groups have won big commitments from banks to make low-interest loans in certain neighborhoods by threatening to hold up proposed acquisitions with protests to the Fed about reinvestment act compliance.@@@@1@36@@oe@2-2-2013
20474004@unknown@formal@none@1@S@Few petitions, however, have actually delayed or scuttled mergers.@@@@1@9@@oe@2-2-2013
20474005@unknown@formal@none@1@S@The current dispute involves allegations that Charlotte, N.C.-based First Union hasn't lived up to its responsibilities under the reinvestment act.@@@@1@20@@oe@2-2-2013
20474006@unknown@formal@none@1@S@During the summer, Legal Services Corp., a Florida legal aid group, filed a petition with the Fed on behalf of residents in four Florida counties.@@@@1@25@@oe@2-2-2013
20474007@unknown@formal@none@1@S@The petition challenged First Union's lending record in the state, saying that the bank-holding company had "shut itself off from contact with the low-income community and is redlining almost every black neighborhood that it serves in the state."@@@@1@38@@oe@2-2-2013
20474008@unknown@formal@none@1@S@In deferring action on the merger, the Fed said, "The Board does not believe that there is sufficient information in the record at this time to allow {it} to reach a final conclusion on First Union's record of helping to meet the credit needs of the communities it serves in Florida and North Carolina, including low to moderate-income neighborhoods in those communities."@@@@1@62@@oe@2-2-2013
20474009@unknown@formal@none@1@S@The Fed said the Comptroller of the Currency is expected to begin a Community Reinvestment Act examination of First Union's Florida and North Carolina banking units in the next two weeks.@@@@1@31@@oe@2-2-2013
20474010@unknown@formal@none@1@S@First Union, with assets of about $32 billion, said it was disappointed by the delay but said it would cooperate with regulatory authorities.@@@@1@23@@oe@2-2-2013
20474011@unknown@formal@none@1@S@The bank added that it believes the review will "demonstrate that First Union is in compliance with the requirements of the Community Reinvestment Act."@@@@1@24@@oe@2-2-2013
20474012@unknown@formal@none@1@S@The company has already missed its initial Oct. 1 target date for completing the merger.@@@@1@15@@oe@2-2-2013
20474013@unknown@formal@none@1@S@It said yesterday it still expects to close the acquisition later this year or early in 1990.@@@@1@17@@oe@2-2-2013
20474014@unknown@formal@none@1@S@Florida National, if acquired, would almost double First Union's banking franchise in Florida to $17 billion in assets.@@@@1@18@@oe@2-2-2013
20474015@unknown@formal@none@1@S@That would make it the second-largest bank, after Barnett Banks Inc., in a state widely considered to be the most lucrative banking market in the country.@@@@1@26@@oe@2-2-2013
20474016@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, First Union shares rose 25 cents to $23.@@@@1@16@@oe@2-2-2013
20474017@unknown@formal@none@1@S@Florida National stock closed unchanged at $25.875 in national over-the-counter trading.@@@@1@11@@oe@2-2-2013
20474018@unknown@formal@none@1@S@Earlier this year, the Fed denied an application by Continental Bank Corp. to purchase Grand Canyon State Bank in Scottsdale, Ariz., on grounds that Continental hadn't fully complied with the Community Reinvestment Act.@@@@1@33@@oe@2-2-2013
20474019@unknown@formal@none@1@S@At the time, the Fed said the denial, the first ever on such grounds, signaled the agency's new emphasis on the Community Reinvestment Act.@@@@1@24@@oe@2-2-2013
20475001@unknown@formal@none@1@S@Eastern Airlines' creditors committee backed off a move to come up with its own alternative proposals to the carrier's bankruptcy reorganization plans, according to sources familiar with the committee.@@@@1@29@@oe@2-2-2013
20475002@unknown@formal@none@1@S@In a meeting in New York yesterday, the committee put on hold instructions it gave two weeks ago to its experts to explore other options for Eastern's future, the sources said.@@@@1@31@@oe@2-2-2013
20475003@unknown@formal@none@1@S@The consultants had been working to finish a report this week.@@@@1@11@@oe@2-2-2013
20475004@unknown@formal@none@1@S@That means Eastern, a unit of Texas Air Corp. of Houston, can go forward with its pitch for creditor approval as early as today, when it is expected to deliver a revised reorganization plan to the committee.@@@@1@37@@oe@2-2-2013
20475005@unknown@formal@none@1@S@The committee intends to meet next week to make a recommendation on the new plan.@@@@1@15@@oe@2-2-2013
20475006@unknown@formal@none@1@S@In another development yesterday, creditors were told that $40 million they had expected to become available for implementing a reorganization may not materialize, according to one source.@@@@1@27@@oe@2-2-2013
20475007@unknown@formal@none@1@S@Texas Air has run into difficulty reselling about $20 million of debt securities because of problems in the junk bond market, the person said.@@@@1@24@@oe@2-2-2013
20475008@unknown@formal@none@1@S@And plans to raise another $20 million through changes to an insurance policy have hit a snag, the source said.@@@@1@20@@oe@2-2-2013
20475009@unknown@formal@none@1@S@An Eastern spokesman said "the $40 million will have no effect whatsoever on the asset structure of Eastern's plan.@@@@1@19@@oe@2-2-2013
20475010@unknown@formal@none@1@S@Forty million in the total scheme of things is not that significant."@@@@1@12@@oe@2-2-2013
20475011@unknown@formal@none@1@S@It is unclear what caused the creditors to do an about-face on exploring alternatives to Eastern's new reorganization plan.@@@@1@19@@oe@2-2-2013
20475012@unknown@formal@none@1@S@However, since Eastern first filed for Chapter 11 protection March 9, it has consistently promised to pay creditors 100 cents on the dollar.@@@@1@23@@oe@2-2-2013
20475013@unknown@formal@none@1@S@Because the carrier is still pledging to do that, some committee members successfully argued that there's little reason yet to explore a different plan, according to one person familiar with the creditors' position.@@@@1@33@@oe@2-2-2013
20475014@unknown@formal@none@1@S@Earlier this month the accounting firm of Ernst & Young and the securities firm of Goldman, Sachs & Co., the experts hired by the creditors, contended that Eastern would have difficulty meeting earnings targets the airline was projecting.@@@@1@38@@oe@2-2-2013
20475015@unknown@formal@none@1@S@Ernst & Young said Eastern's plan would miss projections by $100 million.@@@@1@12@@oe@2-2-2013
20475016@unknown@formal@none@1@S@Goldman said Eastern would miss the same mark by at least $120 million.@@@@1@13@@oe@2-2-2013
20475017@unknown@formal@none@1@S@The consultants maintained Eastern wouldn't generate the cash it needs and would have to issue new debt to meet its targets under the plan.@@@@1@24@@oe@2-2-2013
20475018@unknown@formal@none@1@S@Eastern at the time disputed those assessments and called the experts' report "completely off base."@@@@1@15@@oe@2-2-2013
20475019@unknown@formal@none@1@S@Yesterday, Joel Zweibel, an attorney for Eastern's creditors committee, declined to comment on whether the experts had ever been instructed to look at other choices and whether they now were asked not to.@@@@1@33@@oe@2-2-2013
20475020@unknown@formal@none@1@S@He said only that the committee has not yet taken any position on Eastern's reorganization plan and that the two sides were still negotiating.@@@@1@24@@oe@2-2-2013
20475021@unknown@formal@none@1@S@"In every case, people would like to see a consentual plan," he said.@@@@1@13@@oe@2-2-2013
20475022@unknown@formal@none@1@S@Eastern and its creditors agreed in July on a reorganization plan that called for the carrier to sell off $1.8 billion in assets and to emerge from Chapter 11 status in late 1989 at two-thirds its former size.@@@@1@38@@oe@2-2-2013
20475023@unknown@formal@none@1@S@Eastern eventually decided not to sell off a major chunk, its South American routes, which were valued at $400 million.@@@@1@20@@oe@2-2-2013
20475024@unknown@formal@none@1@S@Such a change meant the reorganization plan the creditors had agreed on was no longer valid, and the two sides had to begin negotiating again.@@@@1@25@@oe@2-2-2013
20475025@unknown@formal@none@1@S@Eastern has publicly stated it is exceeding its goals for getting back into operation and has predicted it would emerge from Chapter 11 proceedings early next year, operating more flights than it originally had scheduled.@@@@1@35@@oe@2-2-2013
20476001@unknown@formal@none@1@S@The following were among yesterday's offerings and pricings in the U.S. and non-U.S. capital markets, with terms and syndicate manager, as compiled by Dow Jones Capital Markets Report:@@@@1@28@@oe@2-2-2013
20476002@unknown@formal@none@1@S@New York City --@@@@1@4@@oe@2-2-2013
20476003@unknown@formal@none@1@S@$813.4 million of general obligation bonds, Fiscal 1990 Series C and D, including $757.4 million of tax-exempt bonds and $56 million of taxable bonds, tentatively priced by a Goldman Sachs & Co. group.@@@@1@33@@oe@2-2-2013
20476004@unknown@formal@none@1@S@Yields for tax-exempt bonds range from 6 1/2% in 1990 to 7.88% in 2003-2005.@@@@1@14@@oe@2-2-2013
20476005@unknown@formal@none@1@S@Yields for taxable bonds range from 9 1/8% in 1994 to 9.90% in 2009 and 2010.@@@@1@16@@oe@2-2-2013
20476006@unknown@formal@none@1@S@The bonds are all rated single-A by Moody's Investors Service Inc.@@@@1@11@@oe@2-2-2013
20476007@unknown@formal@none@1@S@The underwriters expect a single-A-minus rating from Standard & Poor's Corp., which has the issue under review.@@@@1@17@@oe@2-2-2013
20476008@unknown@formal@none@1@S@Collateralized Mortgage Securities Corp. --@@@@1@5@@oe@2-2-2013
20476009@unknown@formal@none@1@S@$150 million of Remic mortgage securities offered in 12 classes by First Boston Corp.@@@@1@14@@oe@2-2-2013
20476010@unknown@formal@none@1@S@The offering, Series 1989-3, is by a company established by First Boston for issuing Remics and other derivative mortgage securities.@@@@1@20@@oe@2-2-2013
20476011@unknown@formal@none@1@S@It is backed by Government National Mortgage Association 9 1/2% securities with a weighted average remaining term to maturity of 29 years and being offered at market prices.@@@@1@28@@oe@2-2-2013
20476012@unknown@formal@none@1@S@Beneficial Corp. --@@@@1@3@@oe@2-2-2013
20476013@unknown@formal@none@1@S@$248.3 million of securities backed by home-equity loans through Merrill Lynch Capital Markets.@@@@1@13@@oe@2-2-2013
20476014@unknown@formal@none@1@S@The offering, with an expected average life of 3.2 years, will float monthly at 20 basis points above the rate on an index of 30-day double-A-rated commercial paper, which now yields about 8.50%.@@@@1@33@@oe@2-2-2013
20476015@unknown@formal@none@1@S@The issue has an expected final maturity date of 1998.@@@@1@10@@oe@2-2-2013
20476016@unknown@formal@none@1@S@The offering is rated triple-A by Moody's and S&P, based on the quality of the underlying home equity loans and a letter of credit covering 10% of the deal from Union Bank of Switzerland.@@@@1@34@@oe@2-2-2013
20476017@unknown@formal@none@1@S@The offering is being made through BCI Home Equity Loan Asset-Backed Certificates, Series 1989-1.@@@@1@14@@oe@2-2-2013
20476018@unknown@formal@none@1@S@Rochester Community Savings Bank --@@@@1@5@@oe@2-2-2013
20476019@unknown@formal@none@1@S@$200 million of 8.85% certificates backed by automobile loans priced to yield 8.99% via First Boston Corp.@@@@1@17@@oe@2-2-2013
20476020@unknown@formal@none@1@S@The issue, through RCSB 1989-A Grantor Trust, was priced at a yield spread of 100 basis points above the Treasury 7 3/4% note due July 1991.@@@@1@26@@oe@2-2-2013
20476021@unknown@formal@none@1@S@The offering has an expected average life of 1.7 years and a final maturity date of May 15, 1995.@@@@1@19@@oe@2-2-2013
20476022@unknown@formal@none@1@S@The issue is rated triple-A by Moody's, based on the quality of the underlying auto loans and a letter of credit covering 13% of the deal from Credit Suisse.@@@@1@29@@oe@2-2-2013
20476023@unknown@formal@none@1@S@South Australian Government Finance Authority (agency) --@@@@1@7@@oe@2-2-2013
20476024@unknown@formal@none@1@S@125 million Australian dollars of zero-coupon Eurobonds due Dec. 12, 1994, priced at 50.9375 to yield 15.06% less fees via Hambros Bank Ltd.@@@@1@23@@oe@2-2-2013
20476025@unknown@formal@none@1@S@Guaranteed by the South Australian Treasury.@@@@1@6@@oe@2-2-2013
20476026@unknown@formal@none@1@S@Fees 1 3/8.@@@@1@3@@oe@2-2-2013
20476027@unknown@formal@none@1@S@Government Insurance Office of New South Wales (agency) --@@@@1@9@@oe@2-2-2013
20476028@unknown@formal@none@1@S@A$50 million of 17 1/2% Eurobonds due Dec. 4, 1991, priced at 101.95 to yield 17.06 less fees via Westpac Banking Corp.@@@@1@22@@oe@2-2-2013
20476029@unknown@formal@none@1@S@Fees 1 1/4.@@@@1@3@@oe@2-2-2013
20476030@unknown@formal@none@1@S@Swedish Export Credit Corp. (Sweden) --@@@@1@6@@oe@2-2-2013
20476031@unknown@formal@none@1@S@100 million Swiss francs of 6 1/8% privately placed notes due Sept. 30, 1996, priced at 100 3/4 to yield 5.99% via Citicorp Investment Bank Switzerland.@@@@1@26@@oe@2-2-2013
20476032@unknown@formal@none@1@S@Call from Sept. 30, 1993, at 100 3/16, declining by 1/16 point a year to to par.@@@@1@17@@oe@2-2-2013
20476033@unknown@formal@none@1@S@Fees 1 3/4.@@@@1@3@@oe@2-2-2013
20477001@unknown@formal@none@1@S@West German insurance giant Allianz AG entered the takeover battle between France's Cie. Financiere de Paribas and Cie. de Navigation Mixte.@@@@1@21@@oe@2-2-2013
20477002@unknown@formal@none@1@S@Allianz said it won French government approval to buy as much as one-third of Navigation Mixte, a diversified financial, transport and food holding company.@@@@1@24@@oe@2-2-2013
20477003@unknown@formal@none@1@S@The move comes a week after Paribas announced that it was preparing to bid for 66.7% control of Navigation Mixte.@@@@1@20@@oe@2-2-2013
20477004@unknown@formal@none@1@S@Munich-based Allianz's brief explanatory statement said it is acting to protect its own interests as a shareholder of Navigation Mixte.@@@@1@20@@oe@2-2-2013
20477005@unknown@formal@none@1@S@That would be a blow to both Paribas and Navigation Mixte.@@@@1@11@@oe@2-2-2013
20477006@unknown@formal@none@1@S@Each had claimed Allianz, Europe's largest insurance company, as a tacit ally.@@@@1@12@@oe@2-2-2013
20477007@unknown@formal@none@1@S@The Allianz statement also reinforced the belief that the takeover battle could be a long one.@@@@1@16@@oe@2-2-2013
20477008@unknown@formal@none@1@S@It led to broad market speculation that Paribas now will sweeten its bid, which is expected to be formally launched later this week, after approval from French government regulators.@@@@1@29@@oe@2-2-2013
20477009@unknown@formal@none@1@S@Allianz's entry reflects the increasing eagerness of West German companies, looking ahead to the reduction in European Community internal barriers in 1992, to get involved in what until now were considered internal French affairs.@@@@1@34@@oe@2-2-2013
20477010@unknown@formal@none@1@S@Deutsche Bank, Dresdner Bank and Commerzbank all also have expressed eagerness to expand in France before 1992.@@@@1@17@@oe@2-2-2013
20477011@unknown@formal@none@1@S@Dresdner Bank this month moved to acquire Banque Internationale des Placements, a small French merchant bank that Deutsche Bank had looked at and passed over.@@@@1@25@@oe@2-2-2013
20477012@unknown@formal@none@1@S@Commerzbank had hoped to buy a stake in Credit Lyonnais, until the Socialists returned to government last year and canceled plans to privatize the large French bank.@@@@1@27@@oe@2-2-2013
20477013@unknown@formal@none@1@S@Deutsche Bank has actively sought a French acquisition for at least two years.@@@@1@13@@oe@2-2-2013
20477014@unknown@formal@none@1@S@Lately, analysts say, Deutsche Bank has shocked some in the French financial community by indicating it wants a strong bank with a large number of branches.@@@@1@26@@oe@2-2-2013
20477015@unknown@formal@none@1@S@"We are still looking," said a Deutsche Bank spokesman.@@@@1@9@@oe@2-2-2013
20477016@unknown@formal@none@1@S@"The banks we think would fit into our concept are either government-owned or not for sale, though Deutsche Bank would be able to pay a good price."@@@@1@27@@oe@2-2-2013
20477017@unknown@formal@none@1@S@While Allianz officials weren't willing to comment in any detail on their plans, they said Allianz currently holds between 5% and 10% of Navigation Mixte, an apparent increase from the 5% stake that Navigation Mixte officials had earlier announced.@@@@1@39@@oe@2-2-2013
20477018@unknown@formal@none@1@S@Paris market sources said they believed Allianz was buying yesterday morning, and Navigation Mixte moved up 108 francs ($17.19) to close at 1,908 francs in heavy trading.@@@@1@27@@oe@2-2-2013
20477019@unknown@formal@none@1@S@It was the first day of trading following the suspension of Navigation Mixte shares last Monday, when Paribas announced its plan to pay 1,850 francs for each Navigation Mixte share.@@@@1@30@@oe@2-2-2013
20477020@unknown@formal@none@1@S@Allianz also holds a 50% stake in Navigation Mixte's insurance subsidiary, one of France's largest insurance groups, which it bought for about 6.5 billion francs just before Paribas launched its bid.@@@@1@31@@oe@2-2-2013
20477021@unknown@formal@none@1@S@Navigation Mixte holds the remaining 50%.@@@@1@6@@oe@2-2-2013
20477022@unknown@formal@none@1@S@Allianz said in its statement that it was acting to protect that interest, which ties it to Navigation Mixte as a partner.@@@@1@22@@oe@2-2-2013
20477023@unknown@formal@none@1@S@Allianz's statement stressed the company's previously announced position that Paribas's offer price is too low.@@@@1@15@@oe@2-2-2013
20477024@unknown@formal@none@1@S@Allianz also suggested, without saying so directly, that it regrets that Paribas isn't bidding for all of Navigation Mixte's shares.@@@@1@20@@oe@2-2-2013
20477025@unknown@formal@none@1@S@The problem here, analysts say, is that if Paribas wins its 66.7%, remaining Navigation Mixte shares will fall in value.@@@@1@20@@oe@2-2-2013
20477026@unknown@formal@none@1@S@That displeases many current holders, such as Allianz, which couldn't be sure of selling all their shares if they tendered to Paribas.@@@@1@22@@oe@2-2-2013
20477027@unknown@formal@none@1@S@The Allianz statement led to speculation that Allianz eventually could sell to Paribas.@@@@1@13@@oe@2-2-2013
20477028@unknown@formal@none@1@S@That would be bad news for Navigation Mixte's current management, which was counting on Allianz to help fend off Paribas.@@@@1@20@@oe@2-2-2013
20477029@unknown@formal@none@1@S@Allianz didn't say whom, if anyone, it will support.@@@@1@9@@oe@2-2-2013
20477030@unknown@formal@none@1@S@It said simply that it will boost its Navigation Mixte stake as it sees fit over the coming days to protect itself, as long as it has French regulatory officials' approval.@@@@1@31@@oe@2-2-2013
20477031@unknown@formal@none@1@S@Paribas currently intends to offer 1,850 francs a share for Navigation Mixte shares that receive full dividends this year.@@@@1@19@@oe@2-2-2013
20477032@unknown@formal@none@1@S@It is to offer 1,800 francs for shares created on July 1, which receive partial dividends.@@@@1@16@@oe@2-2-2013
20477033@unknown@formal@none@1@S@Alternatively, it would offer to swap three Paribas shares for one Navigation Mixte share.@@@@1@14@@oe@2-2-2013
20477034@unknown@formal@none@1@S@Paribas already holds about 18.7% of Navigation Mixte, and the acquisition of the additional 48% would cost it about 11 billion francs under its current bid.@@@@1@26@@oe@2-2-2013
20477035@unknown@formal@none@1@S@The bid values Navigation Mixte at around 23 billion francs, depending on how many holders of Navigation Mixte warrants exchange them for shares before the bid expires.@@@@1@27@@oe@2-2-2013
20478001@unknown@formal@none@1@S@Penn Central Corp., Cincinnati, said it agreed in principle to acquire Noranda Inc.'s Carol Cable Co. unit for $177 million.@@@@1@20@@oe@2-2-2013
20478002@unknown@formal@none@1@S@The company said Carol Cable, based in Pawtucket, R.I., is a leading supplier of electrical and electronic wire and cable for the distributor, retail and original equipment manufacturer markets.@@@@1@29@@oe@2-2-2013
20478003@unknown@formal@none@1@S@Carol Cable, which operates 12 manufacturing plants, had operating profit of $11.7 million on sales of $153.3 million for the first six months of this year and operating profit of $25.6 million on sales of $294.6 million for all of 1988.@@@@1@41@@oe@2-2-2013
20478004@unknown@formal@none@1@S@The maker of telecommunications and defense equipment said Carol Cable's portfolio and market focus would complement the company's current wire and cable businesses.@@@@1@23@@oe@2-2-2013
20478005@unknown@formal@none@1@S@The plan is subject to a satisfactory due diligence investigation of Carol Cable by Penn Central, a definitive agreement and regulatory approvals.@@@@1@22@@oe@2-2-2013
20479001@unknown@formal@none@1@S@Fletcher Challenge Ltd. said its Petrocorp unit agreed to acquire certain Alberta oil and gas interests from Amoco Corp.'s Canadian unit, for about 130 million Canadian dollars (US$110.6 million).@@@@1@29@@oe@2-2-2013
20479002@unknown@formal@none@1@S@Fletcher Challenge, a big New Zealand-based forest products concern with forestry operations in Canada, said the assets include stakes in four natural gas fields and one oil field near Provost, Alberta, plus gas processing facilities and about 247,000 acres of undeveloped land.@@@@1@42@@oe@2-2-2013
20479003@unknown@formal@none@1@S@The proposed purchase requires approval from Investment Canada, which monitors large foreign investments in Canada.@@@@1@15@@oe@2-2-2013
20479004@unknown@formal@none@1@S@Amoco Canada Petroleum Co., which operates the major properties included in the asset package, said the sale is part of a plan to streamline its assets.@@@@1@26@@oe@2-2-2013
20479005@unknown@formal@none@1@S@Petrocorp, a New Zealand-based oil and gas producer, said the planned purchase would be its first oil and gas acquisition outside its home country, and would form the basis for a new stand-alone exploration and production unit in Canada.@@@@1@39@@oe@2-2-2013
20480001@unknown@formal@none@1@S@MiniScribe Corp., Longmont, Colo., said it introduced a one-inch high, 80-megabyte hard disk drive that it hopes will prove popular with makers of high-performance laptop and portable computers.@@@@1@28@@oe@2-2-2013
20480002@unknown@formal@none@1@S@The troubled disk drive maker aims with the new 3 1/2-inch disks to revive its reputation and sales growth.@@@@1@19@@oe@2-2-2013
20480003@unknown@formal@none@1@S@MiniScribe said the disk drives have more memory capacity than other disks that size.@@@@1@14@@oe@2-2-2013
20480004@unknown@formal@none@1@S@MiniScribe said it expects to begin full volume production of the drives in the U.S. and Singapore in the first quarter next year.@@@@1@23@@oe@2-2-2013
20480005@unknown@formal@none@1@S@A drive with 120 megabytes of capacity is scheduled for release during the third quarter of 1990.@@@@1@17@@oe@2-2-2013
20480006@unknown@formal@none@1@S@MiniScribe has been on the rocks since it disclosed early this year that its earnings reports for 1988 weren't accurate.@@@@1@20@@oe@2-2-2013
20480007@unknown@formal@none@1@S@After an internal investigation, the company found that senior officials used a variety of schemes to fabricate sales gains, including counting shipments of bricks and defective drives as sales.@@@@1@29@@oe@2-2-2013
20481001@unknown@formal@none@1@S@The New York Times Co. said it reached a settlement with independent home delivery dealers in the metropolitan New York area that will free the newspaper to expand home delivery circulation.@@@@1@31@@oe@2-2-2013
20481002@unknown@formal@none@1@S@The settlement stemmed from a lawsuit the dealers filed in 1982 when the Times began its own competing direct delivery service.@@@@1@21@@oe@2-2-2013
20481003@unknown@formal@none@1@S@The pact calls for the Times to pay dealers $3.6 million over six years, as well as other payments in the form of subsidies over three years, based on the number of "new customers started by the dealers and on pricing structures," the Times said.@@@@1@45@@oe@2-2-2013
20481004@unknown@formal@none@1@S@The amount of the settlement will be taken as a charge against earnings in the fourth quarter.@@@@1@17@@oe@2-2-2013
20481005@unknown@formal@none@1@S@The settlement, which involves most of the 300 independent newspaper dealers in the New York area, will allow the Times to freely operate its own direct home delivery system.@@@@1@29@@oe@2-2-2013
20481006@unknown@formal@none@1@S@Home delivery is the fastest growing segment of the Times's 1.1 million daily circulation.@@@@1@14@@oe@2-2-2013
20481007@unknown@formal@none@1@S@Currently, about 60% of home delivery subscribers in the New York area receive the paper directly from the Times.@@@@1@19@@oe@2-2-2013
20482001@unknown@formal@none@1@S@Mercury Savings & Loan Association, Huntington Beach, Calif., reported a third-quarter loss of $3.9 million, or 61 cents a share, compared with net income of $1.4 million, or 22 cents a share, in the year-earlier quarter.@@@@1@36@@oe@2-2-2013
20482002@unknown@formal@none@1@S@Mercury attributed the loss to rapid prepayments of loans and costs incurred in refinancing many house loans this past spring and summer, when interest rates dipped.@@@@1@26@@oe@2-2-2013
20482003@unknown@formal@none@1@S@The thrift hired an investment banker earlier this month to advise it regarding a possible sale or merger.@@@@1@18@@oe@2-2-2013
20482004@unknown@formal@none@1@S@Mercury also is shrinking itself, part of its plan to change its emphasis from buying mortgage loans from mortgage brokers to making loans directly.@@@@1@24@@oe@2-2-2013
20482005@unknown@formal@none@1@S@Such a focus is "more profitable, more efficient and gives us a greater sense of control," said William A. Shane, Mercury's senior executive vice president.@@@@1@25@@oe@2-2-2013
20482006@unknown@formal@none@1@S@As of Sept. 30, Mercury's assets were $2.25 billion, down from $2.62 billion a year ago.@@@@1@16@@oe@2-2-2013
20482007@unknown@formal@none@1@S@For the nine months, Mercury posted a loss of $5.4 million, or 86 cents share, against net income of $4 million, or 63 cents share, a year earlier.@@@@1@28@@oe@2-2-2013
20482008@unknown@formal@none@1@S@Mercury shares closed yesterday at $4.625, up 50 cents, in New York Stock Exchange composite trading.@@@@1@16@@oe@2-2-2013
20483001@unknown@formal@none@1@S@Bancroft Convertible Fund Inc., New York, likely will reject a renewed offer from Florida investor Robert I. Green to buy Bancroft for $18.95 a share.@@@@1@25@@oe@2-2-2013
20483002@unknown@formal@none@1@S@Sigmund Levine, Bancroft secretary and treasurer, said the closed-end fund's directors will consider Mr. Green's offer in a couple of weeks at a regular meeting.@@@@1@25@@oe@2-2-2013
20483003@unknown@formal@none@1@S@"He hasn't added anything," Mr. Levine said, predicting the board will again reject Mr. Green's proposal.@@@@1@16@@oe@2-2-2013
20483004@unknown@formal@none@1@S@In a Securities and Exchange Commission filing, Mr. Green said he had boosted his holdings in Bancroft common to 10.4% from 8.5%, and renewed an offer he made in March to acquire the fund.@@@@1@34@@oe@2-2-2013
20483005@unknown@formal@none@1@S@Mr. Levine noted that Bancroft's shares have been trading at or above Mr. Green's offering price for the last several months.@@@@1@21@@oe@2-2-2013
20483006@unknown@formal@none@1@S@He said Bancroft attorneys are scheduled to meet with Mr. Green's attorneys in Delaware Chancery Court at the end of this week to respond to the investor's request for company records for the past five years.@@@@1@36@@oe@2-2-2013
20483007@unknown@formal@none@1@S@Mr. Green couldn't be reached.@@@@1@5@@oe@2-2-2013
20484001@unknown@formal@none@1@S@Giant Group said a federal court in Delaware has denied a motion by Rally's Inc. seeking to block a group led by Giant Chairman Burt Sugarman from acquiring more of the company's shares.@@@@1@33@@oe@2-2-2013
20484002@unknown@formal@none@1@S@Rally's, a fast-food chain based in Louisville, Ky., is contending that Mr. Sugarman and two other company directors failed to disclose to the Securities and Exchange Commission that they intended to acquire a big Rally stake.@@@@1@36@@oe@2-2-2013
20484003@unknown@formal@none@1@S@Mr. Sugarman has in turn contended that the other major shareholder group -- whose interests are represented by three other directors connected to trusts in the name of the children of the company's founder, James Patterson -- has ties to a competing fast food chain, Wendy's International Inc.@@@@1@48@@oe@2-2-2013
20484004@unknown@formal@none@1@S@The company last week assembled a three-member committee of directors aligned with neither side to analyze the situation.@@@@1@18@@oe@2-2-2013
20484005@unknown@formal@none@1@S@Each group controls more than 40% of Rally's stock.@@@@1@9@@oe@2-2-2013
20484006@unknown@formal@none@1@S@The company just went public earlier this month.@@@@1@8@@oe@2-2-2013
20484007@unknown@formal@none@1@S@Rally's had no comment, but was expected to make an announcement this morning about the situation.@@@@1@16@@oe@2-2-2013
20485001@unknown@formal@none@1@S@Singer Bette Midler won a $400,000 federal court jury verdict against Young & Rubicam in a case that threatens a popular advertising industry practice of using "sound-alike" performers to tout products.@@@@1@31@@oe@2-2-2013
20485002@unknown@formal@none@1@S@The decision in Los Angeles federal court stems from a 1985 Mercury Sable TV ad that Young & Rubicam worked up for Ford Motor Co.@@@@1@25@@oe@2-2-2013
20485003@unknown@formal@none@1@S@The ad agency had approached Ms. Midler about appearing, but she declined, citing a longstanding policy of refusing advertising work.@@@@1@20@@oe@2-2-2013
20485004@unknown@formal@none@1@S@The agency then turned to a former backup singer for Ms. Midler who appeared in the ad and crooned what was generally considered a more than credible imitation of Ms. Midler's 1973 hit song "Do You Wanna Dance."@@@@1@38@@oe@2-2-2013
20485005@unknown@formal@none@1@S@The appeals court held: "When a distinctive voice of a professional singer is widely known and is deliberately imitated in order to sell a product, the sellers have appropriated what is not theirs."@@@@1@33@@oe@2-2-2013
20485006@unknown@formal@none@1@S@The judge in the jury trial said there was insufficient evidence to hold Ford liable in the case.@@@@1@18@@oe@2-2-2013
20485007@unknown@formal@none@1@S@In a statement, Young & Rubicam called the award "unfortunate but bearable."@@@@1@12@@oe@2-2-2013
20485008@unknown@formal@none@1@S@Peter Laird, a Los Angeles lawyer for Ms. Midler, said, "We believe that the verdict reaffirms her position and our position that advertisers and advertising agencies cannot with impunity imitate the voices of well-known performers.@@@@1@35@@oe@2-2-2013
20485009@unknown@formal@none@1@S@That is a property right that belongs to the performer."@@@@1@10@@oe@2-2-2013
20485010@unknown@formal@none@1@S@The award, although far less than the $10 million, including punitive damages, that Ms. Midler sought, is likely to force Madison Avenue to further rethink how they use famous songs in ads.@@@@1@32@@oe@2-2-2013
20485011@unknown@formal@none@1@S@Last year's appeals court decision, for instance, spawned several suits, reportedly including a recent action by the heirs of singer Bobby Darin against McDonald's Corp. over its "Mac Tonight" TV commercials, a rough parody of Mr. Darin's "Mack the Knife" trademark.@@@@1@41@@oe@2-2-2013
20485012@unknown@formal@none@1@S@The appeals-court decision last year was particularly surprising because the same court had dismissed a similar case in 1970 involving singer Nancy Sinatra and a tire ad -- also a Young & Rubicam product.@@@@1@34@@oe@2-2-2013
20485013@unknown@formal@none@1@S@Ms. Sinatra sued over the use of her "These Boots are Made for Walkin'" song in the ad.@@@@1@18@@oe@2-2-2013
20485014@unknown@formal@none@1@S@At that time, the court held that such a claim would interfere with federal copyright law, which has always cracked down on the unauthorized copying of songs and musical compositions but never actual performances.@@@@1@34@@oe@2-2-2013
20485015@unknown@formal@none@1@S@"One thing that is a little unnerving is that you had three old men on the court of appeals in California coming up with a statement that Nancy Sinatra is not distinctive but that Bette Midler is.@@@@1@37@@oe@2-2-2013
20485016@unknown@formal@none@1@S@I am not sure that judges, many of whom I like very much, are proper repositories for making distinctions about pop singers," said Richard Kurnit, a New York advertising lawyer.@@@@1@30@@oe@2-2-2013
20485017@unknown@formal@none@1@S@Nonetheless, Mr. Kurnit said that the latest decisions are having a chilling effect.@@@@1@13@@oe@2-2-2013
20485018@unknown@formal@none@1@S@"It has made people think twice about how they use music and is forcing them to be more circumspect about doing a particular rendition of a song in its most famous form," he said.@@@@1@34@@oe@2-2-2013
20485019@unknown@formal@none@1@S@Joanne Lipman contributed to this article.@@@@1@6@@oe@2-2-2013
20486001@unknown@formal@none@1@S@James River Corp., Richmond, Va., said it acquired the tissue operations of Buhrmann-Tetterode N.V. of the Netherlands for about $77 million.@@@@1@21@@oe@2-2-2013
20486002@unknown@formal@none@1@S@The Dutch unit, known as Celtona B.V., is a leading maker of consumer and away-from-home tissue products for the Benelux region.@@@@1@21@@oe@2-2-2013
20486003@unknown@formal@none@1@S@In addition, the acquisition includes production assets of Invercon Papermils, a maker of household tissue products for the U.K. and Ireland.@@@@1@21@@oe@2-2-2013
20486004@unknown@formal@none@1@S@The combined operations had 1988 revenue of about $100 million.@@@@1@10@@oe@2-2-2013
20486005@unknown@formal@none@1@S@James River, a maker of pulp, paper and plastic products, already has interests in tissue businesses in France, Spain, Italy and Turkey.@@@@1@22@@oe@2-2-2013
20486006@unknown@formal@none@1@S@The company said it plans to form European ventures with Italian and Finnish companies.@@@@1@14@@oe@2-2-2013
20486007@unknown@formal@none@1@S@The Celtona operations would become part of those ventures.@@@@1@9@@oe@2-2-2013
20487001@unknown@formal@none@1@S@Vitro S.A. of Monterrey, Mexico, said its THR Corp. subsidiary has entered into definitive loan agreements in connection with Vitro's $21.25-a-share tender offer for Anchor Glass Container Corp.@@@@1@28@@oe@2-2-2013
20487002@unknown@formal@none@1@S@The agreements are with Security Pacific National Bank and an affiliate of Donaldson, Lufkin & Jenrette Securities Corp.@@@@1@18@@oe@2-2-2013
20487003@unknown@formal@none@1@S@Proceeds of the loan agreement, together with funds from Vitro, will permit the purchase of all shares outstanding of Anchor and the payment of all related costs and expenses.@@@@1@29@@oe@2-2-2013
20487004@unknown@formal@none@1@S@Vitro said the definitive agreements require that Anchor obtain a waiver from its bank lenders of existing covenant defaults under its bank facilities.@@@@1@23@@oe@2-2-2013
20487005@unknown@formal@none@1@S@Since Anchor is still seeking this waiver, Vitro said the tender offer is being extended until 5 p.m. EST tomorrow.@@@@1@20@@oe@2-2-2013
20488001@unknown@formal@none@1@S@The dollar finished mostly stronger yesterday, boosted by a modest recovery in share prices.@@@@1@14@@oe@2-2-2013
20488002@unknown@formal@none@1@S@The Dow Jones Industrial Average climbed 6.76 points in a spate of bargain-hunting following last week's declines.@@@@1@17@@oe@2-2-2013
20488003@unknown@formal@none@1@S@"Attention is fixed on the stock market for lack of anything else to sink our teeth into," said Robert White, a vice president at First Interstate of California.@@@@1@28@@oe@2-2-2013
20488004@unknown@formal@none@1@S@Some analysts predict that in the absence of market-moving news to push the U.S. unit sharply higher or lower, the currency is likely to drift below 1.80 marks this week.@@@@1@30@@oe@2-2-2013
20488005@unknown@formal@none@1@S@But others reject the view, and forecast the dollar will continue to hold its current tight trading pattern.@@@@1@18@@oe@2-2-2013
20488006@unknown@formal@none@1@S@They argue that weakness in both the yen and sterling have helped offset bearish U.S. economic news and have lent support to the dollar.@@@@1@24@@oe@2-2-2013
20488007@unknown@formal@none@1@S@In late New York trading yesterday, the dollar was quoted at 1.8340 marks, up from 1.8300 marks late Friday, and at 141.90 yen, up from 141.65 yen late Friday.@@@@1@29@@oe@2-2-2013
20488008@unknown@formal@none@1@S@Sterling was quoted at $1.5820, up from $1.5795 late Friday.@@@@1@10@@oe@2-2-2013
20488009@unknown@formal@none@1@S@The dollar rose against the Swiss and French francs.@@@@1@9@@oe@2-2-2013
20488010@unknown@formal@none@1@S@In Tokyo Tuesday, the U.S. currency opened for trading at 142.32 yen, up from Monday's Tokyo close of 142.17 yen.@@@@1@20@@oe@2-2-2013
20488011@unknown@formal@none@1@S@Last week, the surprise resignation of British Chancellor of the Exchequer Nigel Lawson sent the British pound into a tailspin.@@@@1@20@@oe@2-2-2013
20488012@unknown@formal@none@1@S@While sterling bounced back from session lows in a bout of short-covering yesterday, foreign exchange dealers said that any hopes that the pound would soon post significant gains have evaporated.@@@@1@30@@oe@2-2-2013
20488013@unknown@formal@none@1@S@Traders said that statements made over the weekend to quell concern about the stability of Prime Minister Margaret Thatcher's government and the future of her economic program largely failed to reassure investors and bolster the flagging British unit.@@@@1@38@@oe@2-2-2013
20488014@unknown@formal@none@1@S@In her first televised interview following Mr. Lawson's resignation, Mrs. Thatcher reiterated her desire to keep sterling strong and warned again that full entry into the European Monetary System's exchange rate mechanism would provide no easy solution to Britain's economic troubles.@@@@1@41@@oe@2-2-2013
20488015@unknown@formal@none@1@S@She said that the timing of the United Kingdom's entry would depend on the speed with which other members liberalize their economies.@@@@1@22@@oe@2-2-2013
20488016@unknown@formal@none@1@S@Mrs. Thatcher's remarks were seen as a rebuff to several leading members of her own Conservative Party who have called for a more clear-cut British commitment to the EMS.@@@@1@29@@oe@2-2-2013
20488017@unknown@formal@none@1@S@At the same time, a recent poll shows that Mrs. Thatcher has hit the lowest popularity rating of any British leader since polling began 50 years ago.@@@@1@27@@oe@2-2-2013
20488018@unknown@formal@none@1@S@Comments by John Major, who has succeeded Mr. Lawson, also failed to damp market concern, despite his pledge to maintain relatively high British interest rates.@@@@1@25@@oe@2-2-2013
20488019@unknown@formal@none@1@S@According to one London-based analyst, even higher interest rates won't help the pound if Britain's government continues to appear unstable.@@@@1@20@@oe@2-2-2013
20488020@unknown@formal@none@1@S@One U.S. trader, however, dismissed sterling doomsayers while acknowledging there is little immediate upside potential for the U.K. unit.@@@@1@19@@oe@2-2-2013
20488021@unknown@formal@none@1@S@"There is no question that the situation is bad, but we may be painting a gloomier picture than we should," he said.@@@@1@22@@oe@2-2-2013
20488022@unknown@formal@none@1@S@He predicts the pound will continue to trade in a very volatile fashion, with "fits of being oversold and overbought" before recovering its losses.@@@@1@24@@oe@2-2-2013
20488023@unknown@formal@none@1@S@Dealers also note that the general lack of enthusiasm for the yen has helped bolster the U.S. dollar.@@@@1@18@@oe@2-2-2013
20488024@unknown@formal@none@1@S@They observe that persistent Japanese investor demand for dollars for both portfolio and direct investment has kept a base of support for the dollar at around 140 yen.@@@@1@28@@oe@2-2-2013
20488025@unknown@formal@none@1@S@The dollar began yesterday on a firm note in Tokyo, closing higher in late trade.@@@@1@15@@oe@2-2-2013
20488026@unknown@formal@none@1@S@In Europe, the dollar closed slightly up in a market dominated by cross trades.@@@@1@14@@oe@2-2-2013
20488027@unknown@formal@none@1@S@On the Commodity Exchange in New York, gold for current delivery settled at $377.80 an ounce, down 70 cents.@@@@1@19@@oe@2-2-2013
20488028@unknown@formal@none@1@S@Estimated volume was a moderate 3.5 million ounces.@@@@1@8@@oe@2-2-2013
20488029@unknown@formal@none@1@S@In early trading in Hong Kong Tuesday, gold was quoted at $376.80 an ounce.@@@@1@14@@oe@2-2-2013
20489001@unknown@formal@none@1@S@General Electric Capital Corp.'s Monogram Bank USA acquired a Visa and MasterCard portfolio from Commercial Federal Savings & Loan Association, an Omaha, Neb., unit of Commercial Federal Corp. of Omaha.@@@@1@30@@oe@2-2-2013
20489002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20489003@unknown@formal@none@1@S@The portfolio currently includes $95 million in receivables, GE Capital said.@@@@1@11@@oe@2-2-2013
20489004@unknown@formal@none@1@S@GE Capital is a financial services subsidiary of General Electric Co. of Fairfield, Conn., which also has broadcasting and electrical-products businesses.@@@@1@21@@oe@2-2-2013
20489005@unknown@formal@none@1@S@GE Capital said Commercial Federal Savings will continue to market Visa and MasterCard programs while Monogram provides "operational and marketing support" and actually owns the accounts.@@@@1@26@@oe@2-2-2013
20489006@unknown@formal@none@1@S@With the acquisition, Monogram, Blue Ash, Ohio, has more than 2.4 million total accounts, GE Capital added.@@@@1@17@@oe@2-2-2013
20490001@unknown@formal@none@1@S@EAST GERMANS RALLIED in three cities to demand democratic freedoms.@@@@1@10@@oe@2-2-2013
20490002@unknown@formal@none@1@S@As the country's new leader, Egon Krenz, prepared to travel to Moscow today for talks with Soviet leader Gorbachev, hundreds of thousands of East Germans massed in the streets of Leipzig, Halle and Schwerin to call for internal freedoms and the legalization of the New Forum opposition group.@@@@1@48@@oe@2-2-2013
20490003@unknown@formal@none@1@S@Krenz, however, vowed to preserve the Communist Party's hold on political power and said East Germans shouldn't destabilize the nation with unrealistic demands.@@@@1@23@@oe@2-2-2013
20490004@unknown@formal@none@1@S@Communist officials this month have faced nearly daily pro-democracy protests, accompanied by the flight to the West by thousands of East Germans.@@@@1@22@@oe@2-2-2013
20490005@unknown@formal@none@1@S@Soviet police clashed with demonstrators in Moscow following a candlelight vigil around the KGB's Lubyanka headquarters in memory of those persecuted under Stalin.@@@@1@23@@oe@2-2-2013
20490006@unknown@formal@none@1@S@More than 1,000 Muscovites attended the service.@@@@1@7@@oe@2-2-2013
20490007@unknown@formal@none@1@S@A splinter group demonstrated in Pushkin Square, where the police clubbed and detained a number of protesters.@@@@1@17@@oe@2-2-2013
20490008@unknown@formal@none@1@S@Police in Yugoslavia dispersed about 1,000 ethnic Albanians who were protesting the trial of the former Communist Party chief of the southern province of Kosovo.@@@@1@25@@oe@2-2-2013
20490009@unknown@formal@none@1@S@Azem Vlasi and 14 others are accused of inciting riots and strikes and opposing constitutional limits to Kosovo's autonomy.@@@@1@19@@oe@2-2-2013
20490010@unknown@formal@none@1@S@If convicted, they could be sentenced to death.@@@@1@8@@oe@2-2-2013
20490011@unknown@formal@none@1@S@A court in Jerusalem sentenced a Palestinian to 16 life terms for forcing a bus off a cliff July 6, killing 16 people, Israeli radio reported.@@@@1@26@@oe@2-2-2013
20490012@unknown@formal@none@1@S@He also received 20-year sentences for each of the 24 passengers injured.@@@@1@12@@oe@2-2-2013
20490013@unknown@formal@none@1@S@It was considered the stiffest sentence passed since the start of the 22-month-old Arab uprising in the Israeli-occupied territories.@@@@1@19@@oe@2-2-2013
20490014@unknown@formal@none@1@S@U.S. and Soviet negotiators opened talks in New York aimed at resolving differences in proposals to reduce chemical-weapons arsenals.@@@@1@19@@oe@2-2-2013
20490015@unknown@formal@none@1@S@While the Kremlin has urged a ban on output of the poison gases, the White House wants to continue producing the weapons even after an international treaty calling for their destruction is signed.@@@@1@33@@oe@2-2-2013
20490016@unknown@formal@none@1@S@South Africa's government said peaceful demonstrations such as the anti-apartheid rally Sunday near Soweto have helped ease tensions and assisted political changes.@@@@1@22@@oe@2-2-2013
20490017@unknown@formal@none@1@S@About 70,000 people attended the anti-government rally, at which leaders of the banned African National Congress refused to renounce violence to end apartheid.@@@@1@23@@oe@2-2-2013
20490018@unknown@formal@none@1@S@Secretary of State Baker expressed concern that Nicaraguan President Ortega may attempt to use alleged attacks by the U.S.backed Contra rebels as an excuse to scuttle elections scheduled for February.@@@@1@30@@oe@2-2-2013
20490019@unknown@formal@none@1@S@Ortega had threatened to end a 19-month-old ceasefire.@@@@1@8@@oe@2-2-2013
20490020@unknown@formal@none@1@S@Baker's remarks came as the White House urged both sides to honor the truce.@@@@1@14@@oe@2-2-2013
20490021@unknown@formal@none@1@S@The USS Lexington returned to dock in Pensacola, Fla., following an accident Sunday in which the pilot of a training jet crashed into the ship, killing five sailors.@@@@1@28@@oe@2-2-2013
20490022@unknown@formal@none@1@S@The captain of the aircraft carrier, the oldest in the Navy, said the flier was making his first attempt to land on a carrier.@@@@1@24@@oe@2-2-2013
20490023@unknown@formal@none@1@S@Four people torched three U.S. flags on the central steps of the U.S. Capitol in a bid to test a new federal law protecting the American flag from desecration.@@@@1@29@@oe@2-2-2013
20490024@unknown@formal@none@1@S@All four demonstrators were arrested.@@@@1@5@@oe@2-2-2013
20490025@unknown@formal@none@1@S@The law, which Bush allowed to take effect without his signature, went into force Friday.@@@@1@15@@oe@2-2-2013
20490026@unknown@formal@none@1@S@Chinese officials said armed police would replace soldiers in Tiananmen Square as part of a scaling down of Beijing's five-month-old state of emergency.@@@@1@23@@oe@2-2-2013
20490027@unknown@formal@none@1@S@Separately, the U.S. Embassy has filed three protests in as many days with China's government, alleging harassment of diplomats and their families, an embassy source said.@@@@1@26@@oe@2-2-2013
20490028@unknown@formal@none@1@S@Authorities in Algeria said the toll from two earthquakes Sunday had reached at least 30 dead and about 250 injured.@@@@1@20@@oe@2-2-2013
20490029@unknown@formal@none@1@S@The heaviest damage was reported in Tipasa, about 40 miles west of Algiers.@@@@1@13@@oe@2-2-2013
20490030@unknown@formal@none@1@S@As rescue teams continued searching for victims, hundreds of suvivors accused the government of a feeble response following the temblors.@@@@1@20@@oe@2-2-2013
20490031@unknown@formal@none@1@S@Britain's Thatcher summoned senior advisers for strategy talks as opinion polls showed the prime minister's popularity had hit a record low following the resignation last Thursday of Chancellor of the Exchequer Lawson.@@@@1@32@@oe@2-2-2013
20490032@unknown@formal@none@1@S@One poll, conducted for the British Broadcasting Corp., found that 52% of voters believed that she should quit.@@@@1@18@@oe@2-2-2013
20490033@unknown@formal@none@1@S@Lawmakers in Hungary approved legislation granting amnesty to many people convicted of crimes punishable by less than three years in prison.@@@@1@21@@oe@2-2-2013
20490034@unknown@formal@none@1@S@They also established an office to control government and party finances.@@@@1@11@@oe@2-2-2013
20490035@unknown@formal@none@1@S@The laws take effect next month.@@@@1@6@@oe@2-2-2013
20490036@unknown@formal@none@1@S@Died: Robert V. Van Fossan, 63, chairman of Mutual Benefit Life Insurance Co., Sunday, in Morristown, N.J., of cancer.@@@@1@19@@oe@2-2-2013
20491001@unknown@formal@none@1@S@Fluor Corp. said it was awarded a $300 million contract to provide engineering and construction-management services at a copper mine in Irian Jaya, Indonesia, for a unit of Freeport-McMoRan Copper Co.@@@@1@31@@oe@2-2-2013
20491002@unknown@formal@none@1@S@Fluor, based in Irvine, Calif., will direct expansion of the mine's capacity to 52,000 metric tons a day from 32,000 metric tons a day.@@@@1@24@@oe@2-2-2013
20491003@unknown@formal@none@1@S@Completion of the project is expected by mid-1992.@@@@1@8@@oe@2-2-2013
20491004@unknown@formal@none@1@S@In 1988, Fluor had revenue of $5.1 billion and earnings of $56.4 million, or 71 cents a share.@@@@1@18@@oe@2-2-2013
20492001@unknown@formal@none@1@S@Nixdorf Computer AG, citing continued profitability problems, said it will have to reduce personnel further, notably in research and development sectors.@@@@1@21@@oe@2-2-2013
20492002@unknown@formal@none@1@S@The troubled West German computer company said, in a statement to its employees, that the number of persons working in product development will be reduced world-wide to 2,440 from 2,888 by the end of 1990.@@@@1@35@@oe@2-2-2013
20492003@unknown@formal@none@1@S@The number of workers in production sectors will be cut by 488, to 5,200 by September.@@@@1@16@@oe@2-2-2013
20492004@unknown@formal@none@1@S@The cuts will be made half within Germany and half abroad.@@@@1@11@@oe@2-2-2013
20492005@unknown@formal@none@1@S@In the first nine months of 1989, Nixdorf said, sales rose 5% amid good growth in selected areas such as banks and trading companies.@@@@1@24@@oe@2-2-2013
20492006@unknown@formal@none@1@S@The company also cited some success in damping cost increases and said it wants to return to profitability in 1990.@@@@1@20@@oe@2-2-2013
20492007@unknown@formal@none@1@S@It cited the expected beneficial effects of a concentration on key products, further structural changes within the group and cooperation agreements with other companies.@@@@1@24@@oe@2-2-2013
20493001@unknown@formal@none@1@S@GREAT NORTHERN NEKOOSA is being sought by another big paper company, Georgia-Pacific, for $58 a share, or about $3.18 billion.@@@@1@20@@oe@2-2-2013
20493002@unknown@formal@none@1@S@The tender offer, which surprised analysts because it appeared to be unsolicited, could spark a period of industry consolidation.@@@@1@19@@oe@2-2-2013
20493003@unknown@formal@none@1@S@Analysts questioned whether Georgia-Pacific will ultimately prevail, saying other paper concerns may make competing bids.@@@@1@15@@oe@2-2-2013
20493004@unknown@formal@none@1@S@Two more securities firms bowed to the outcry over program trading.@@@@1@11@@oe@2-2-2013
20493005@unknown@formal@none@1@S@GE's Kidder Peabody unit said it would stop doing stock-index arbitrage for its own account, while Merrill Lynch said it was halting such trading entirely.@@@@1@25@@oe@2-2-2013
20493006@unknown@formal@none@1@S@Also, the Big Board met with angry stock specialists.@@@@1@9@@oe@2-2-2013
20493007@unknown@formal@none@1@S@A big pension-insurance case will be reviewed by the Supreme Court.@@@@1@11@@oe@2-2-2013
20493008@unknown@formal@none@1@S@The justices agreed to decide whether federal insurers can require LTV to take back responsiblilty for funding its $2.3 billion pension shortfall.@@@@1@22@@oe@2-2-2013
20493009@unknown@formal@none@1@S@Drug companies lost a major liability case.@@@@1@7@@oe@2-2-2013
20493010@unknown@formal@none@1@S@The Supreme Court let stand a New York ruling that all manufacturers of an anti-miscarriage drug are liable for injuries or deaths if the actual maker isn't known.@@@@1@28@@oe@2-2-2013
20493011@unknown@formal@none@1@S@Revco received a $925 million takeover offer from Texas financier Robert Bass and Acadia Partners.@@@@1@15@@oe@2-2-2013
20493012@unknown@formal@none@1@S@The drugstore chain reacted cautiously, saying the plan would further swell its huge debt, which forced the company into Chapter 11 protection last year.@@@@1@24@@oe@2-2-2013
20493013@unknown@formal@none@1@S@Rockefeller Group agreed to sell a 51% interest to Mitsubishi Estate, a major Japanese developer and property owner, for $846 million.@@@@1@21@@oe@2-2-2013
20493014@unknown@formal@none@1@S@Officials at some Rockefeller units are said to be unhappy with the agreement.@@@@1@13@@oe@2-2-2013
20493015@unknown@formal@none@1@S@Continental Air replaced its top executive for the sixth time in as many years.@@@@1@14@@oe@2-2-2013
20493016@unknown@formal@none@1@S@Chairman and Chief Executive Joseph Corr was succeeded by Frank Lorenzo, chief of parent Texas Air.@@@@1@16@@oe@2-2-2013
20493017@unknown@formal@none@1@S@United Air's parent may have to pay as much as $53.7 million to the labor-management buy-out group for fees and expenses incurred in their failed $6.79 billion takeover bid.@@@@1@29@@oe@2-2-2013
20493018@unknown@formal@none@1@S@Gen-Probe agreed to be bought by Chugai Pharmaceutical for about $110 million.@@@@1@12@@oe@2-2-2013
20493019@unknown@formal@none@1@S@The sale is likely to fuel concern about growing Japanese investment in U.S. biotechnology firms.@@@@1@15@@oe@2-2-2013
20493020@unknown@formal@none@1@S@Boeing posted a 68% jump in third-quarter earnings, but Wall Street's attention was focused on the continued strike at the aircraft maker.@@@@1@22@@oe@2-2-2013
20493021@unknown@formal@none@1@S@The Fed delayed approval of First Union's $849 million acquisition of Florida National Banks pending a review of First Union's lending practices in low-income neighborhoods.@@@@1@25@@oe@2-2-2013
20493022@unknown@formal@none@1@S@Allianz of West Germany entered the takeover battle between France's Paribas and Navigation Mixte.@@@@1@14@@oe@2-2-2013
20493023@unknown@formal@none@1@S@Maxwell agreed to sell its U.S. printing unit to Quebecor for $500 million, making Quebecor the No. 2 commercial printer in North America.@@@@1@23@@oe@2-2-2013
20493024@unknown@formal@none@1@S@New construction contracts rose 8% in September, led by commercial, industrial and public-works projects, according to F.W. Dodge Group.@@@@1@19@@oe@2-2-2013
20493025@unknown@formal@none@1@S@Western Union took steps to withdraw a $500 million debt swap, citing turmoil in the junk bond market.@@@@1@18@@oe@2-2-2013
20493026@unknown@formal@none@1@S@Markets --@@@@1@2@@oe@2-2-2013
20493027@unknown@formal@none@1@S@Stocks: Volume 126,630,000 shares.@@@@1@4@@oe@2-2-2013
20493028@unknown@formal@none@1@S@Dow Jones industrials 2603.48, up 6.76; transportation 1191.86, up 1.43; utilities 216.74, up 0.88.@@@@1@14@@oe@2-2-2013
20493029@unknown@formal@none@1@S@Bonds: Shearson Lehman Hutton Treasury index 3416.81, up@@@@1@8@@oe@2-2-2013
20493030@unknown@formal@none@1@S@Commodities: Dow Jones futures index 129.38, off 0.11; spot index 130.09, off 0.71.@@@@1@13@@oe@2-2-2013
20493031@unknown@formal@none@1@S@Dollar: 141.90 yen, up 0.25; 1.8340 marks, up 0.0040.@@@@1@9@@oe@2-2-2013
20494001@unknown@formal@none@1@S@Pacific Telesis Group said its Pacific Bell unit sustained property damage of about $45 million to $50 million from the California earthquake earlier this month.@@@@1@25@@oe@2-2-2013
20494002@unknown@formal@none@1@S@The San Francisco-based telecommunications company said it carries $150 million of earthquake insurance with a $10 million deductible provision.@@@@1@19@@oe@2-2-2013
20494003@unknown@formal@none@1@S@Sam Ginn, chairman and chief executive officer, told securities analysts in New York that the company expects somewhat slower per-share earnings growth in 1990, although annual growth should return to the traditional figure of about 7% thereafter.@@@@1@37@@oe@2-2-2013
20494004@unknown@formal@none@1@S@As factors contributing to the temporary slowdown, he cited one-time rate reductions prescribed by California regulators as a prelude to a new framework that removes profit constraints.@@@@1@27@@oe@2-2-2013
20494005@unknown@formal@none@1@S@He also mentioned increased capital investment by Pacific Bell for network improvements.@@@@1@12@@oe@2-2-2013
20494006@unknown@formal@none@1@S@Mr. Ginn said the company's cellular operations now serve about 341,000 customers, up 46% from a year ago.@@@@1@18@@oe@2-2-2013
20495001@unknown@formal@none@1@S@General Motors Corp. is planning to build a new engine plant in Europe that may be built in Britain, provided the company can reach a satisfactory agreement with unions, sources said.@@@@1@31@@oe@2-2-2013
20495002@unknown@formal@none@1@S@Officials of Vauxhall Motors Ltd., GM's British unit, were meeting with union leaders late yesterday in hopes of winning such an accord.@@@@1@22@@oe@2-2-2013
20495003@unknown@formal@none@1@S@The engine plant may encompass plans for a joint components venture with Jaguar.@@@@1@13@@oe@2-2-2013
20495004@unknown@formal@none@1@S@Alternatively, a separate engine plant may be built as part of GM's planned tie-up with the British luxury car maker, the sources said.@@@@1@23@@oe@2-2-2013
20495005@unknown@formal@none@1@S@Sources said a "complex and detailed" announcement of a joint agreement between General Motors and Jaguar would be made by Jaguar "some time in the next 2 1/2 weeks.@@@@1@29@@oe@2-2-2013
20496001@unknown@formal@none@1@S@Cray Research Inc. won government clearance for its proposed reorganization of founder Seymour Cray's supercomputer design team into a separate company.@@@@1@21@@oe@2-2-2013
20496002@unknown@formal@none@1@S@Internal Revenue Service approval of the move as a tax-free transaction was the last hurdle to splitting up the world's dominant maker of supercomputers, which Mr. Cray founded in 1974.@@@@1@30@@oe@2-2-2013
20496003@unknown@formal@none@1@S@Cray's directors set Nov. 15 as the record date for distribution of shares in the new company, to be called Cray Computer Corp.@@@@1@23@@oe@2-2-2013
20496004@unknown@formal@none@1@S@It will trade over the counter under the symbol CRAY.@@@@1@10@@oe@2-2-2013
20496005@unknown@formal@none@1@S@The plan calls for Cray Research holders to receive one share in the new company for every two shares held.@@@@1@20@@oe@2-2-2013
20496006@unknown@formal@none@1@S@An estimated 14.7 million Cray Computer shares will be distributed, Cray Research said.@@@@1@13@@oe@2-2-2013
20496007@unknown@formal@none@1@S@Under the accord, Cray Research will transfer to Mr. Cray's fledgling operation $53.3 million of assets primarily related to the Cray-3 development project his team is undertaking and will lend Cray Computer $98.6 million.@@@@1@34@@oe@2-2-2013
20496008@unknown@formal@none@1@S@Cray Research will retain a 10% interest in the new company, which will be based in Colorado Springs, Colo.@@@@1@19@@oe@2-2-2013
20496009@unknown@formal@none@1@S@When it announced the planned breakup in May, Cray Research said development costs of several competing projects were squeezing its earnings growth.@@@@1@22@@oe@2-2-2013
20496010@unknown@formal@none@1@S@After the split, the two companies presumably will be rivals for orders from government and commercial customers.@@@@1@17@@oe@2-2-2013
20497001@unknown@formal@none@1@S@Interface Systems Inc., Ann Arbor, Mich., said it will report net income for the fourth quarter ended Sept. 30 fell to $470,000, or 11 cents a share, from $805,000, or 19 cents a share, a year earlier.@@@@1@37@@oe@2-2-2013
20497002@unknown@formal@none@1@S@Chairman Carl L. Bixby said the decline occurred although revenue rose 30% to more than $8.3 million from $6.4 million a year earlier.@@@@1@23@@oe@2-2-2013
20497003@unknown@formal@none@1@S@The company, which makes computer parts said fiscal 1989 earnings were "down slightly" from $3.2 million, or 74 cents a share, in fiscal l988.@@@@1@24@@oe@2-2-2013
20497004@unknown@formal@none@1@S@The company said fiscal 1989 revenue increased about 30% to more than $32 million from $25.3 million.@@@@1@17@@oe@2-2-2013
20497005@unknown@formal@none@1@S@Mr. Bixby said that early signs point to improved earnings and revenue in the first quarter of fiscal 1990.@@@@1@19@@oe@2-2-2013
20497006@unknown@formal@none@1@S@"The current backlog of orders is strong throughout the corporation," he said.@@@@1@12@@oe@2-2-2013
20498001@unknown@formal@none@1@S@Priam Corp. said it filed for protection under Chapter 11 of the federal Bankruptcy Code and announced a 35% reduction in its world-wide employment.@@@@1@24@@oe@2-2-2013
20498002@unknown@formal@none@1@S@The filing in bankruptcy court here follows a string of quarterly losses and product glitches for the maker of harddisk drives for minicomputers and microcomputers.@@@@1@25@@oe@2-2-2013
20498003@unknown@formal@none@1@S@Priam had a loss of $25.4 million for the fiscal year ended July 7, compared with year-earlier profit of $543,000, or two cents a share.@@@@1@25@@oe@2-2-2013
20498004@unknown@formal@none@1@S@Revenue for the year fell 13% to $122.7 million.@@@@1@9@@oe@2-2-2013
20498005@unknown@formal@none@1@S@The 200-person staff cutback announced yesterday will bring Priam's employment to about 380 workers, less than half of what it was before a similar, 230-person reduction in August.@@@@1@28@@oe@2-2-2013
20498006@unknown@formal@none@1@S@The company yesterday also said it was scrapping one of its major new products, a 760-megabyte drive, which, while technically proficient, didn't hold much promise of generating substantial orders because financing problems caused a nine-month delay in getting the product to market.@@@@1@42@@oe@2-2-2013
20499001@unknown@formal@none@1@S@The French Economics Ministry approved a planned asset swap between the defense and electronics group Thomson-CSF S.A. and the bank group Credit Lyonnais.@@@@1@23@@oe@2-2-2013
20499002@unknown@formal@none@1@S@The ministry said the swap, details of which were disclosed last Thursday, will allow both state-controlled companies to reinforce operations in their main markets and argued that the move shows the dynamism of France's state-sector concerns.@@@@1@36@@oe@2-2-2013
20499003@unknown@formal@none@1@S@The approval also ends any hope that Banque Nationale de Paris, another state-sector bank, might have had about taking Credit Lyonnais's place in the accord.@@@@1@25@@oe@2-2-2013
20499004@unknown@formal@none@1@S@It hinted over the weekend that it would have been interested in a hook-up with Thomson-CSF.@@@@1@16@@oe@2-2-2013
20499005@unknown@formal@none@1@S@Under details of the accord, Credit Lyonnais will take slightly more than 50% of Thomson-CSF Finance in exchange for about 14% of its own shares.@@@@1@25@@oe@2-2-2013
20499006@unknown@formal@none@1@S@The move will help the bank to keep up with international solvency ratios being phased in by the Bank for International Settlements and will also represent the first time that its voting shares have been held by a party other than the government.@@@@1@43@@oe@2-2-2013