21400001@unknown@formal@none@1@S@CRI Inc. said it reduced the estimated cash distribution for its Capital Housing and Mortgage Partners Inc. trust to between 71 cents and 74 cents a share, from between 75 cents and 80 cents, for the year ending June 9, 1990.@@@@1@41@@oe@2-2-2013
21400002@unknown@formal@none@1@S@The change in expected cash distributions from the Champs real estate investment trust stems from a revised estimate of administrative costs, said Jay R. Cohen, Champs executive vice president.@@@@1@29@@oe@2-2-2013
21400003@unknown@formal@none@1@S@CRI, which sponsors Champs, is a world-wide real estate investment firm.@@@@1@11@@oe@2-2-2013
21401001@unknown@formal@none@1@S@H&R BLOCK Inc. had net income of $100.2 million, or $1.90 a share, in the fiscal year ended April 30.@@@@1@20@@oe@2-2-2013
21401002@unknown@formal@none@1@S@The figure was incorrectly shown as a net loss in a chart accompanying Friday's Heard on the Street column.@@@@1@19@@oe@2-2-2013
21402001@unknown@formal@none@1@S@Your Oct. 2 article on Daniel Yankelovich cited the quote "A good name is better than great riches" as being from Cervantes' "Don Quixote."@@@@1@24@@oe@2-2-2013
21402002@unknown@formal@none@1@S@Actually, Cervantes borrowed that quote from a writer of some 25 centuries earlier: Israel's King Solomon wrote those words in the Book of Proverbs (22:1).@@@@1@25@@oe@2-2-2013
21402003@unknown@formal@none@1@S@Michael E. Hill@@@@1@3@@oe@2-2-2013
21403001@unknown@formal@none@1@S@Japan had an unadjusted trade surplus of $1.82 billion for the first 10 days of October, down from $3.16 billion a year earlier, the Finance Ministry said.@@@@1@27@@oe@2-2-2013
21403002@unknown@formal@none@1@S@The latest drop shows the narrowing in the nation's trade gap reflected in successive full monthly reports is continuing.@@@@1@19@@oe@2-2-2013
21403003@unknown@formal@none@1@S@The report follows five-consecutive declines in full monthly figures.@@@@1@9@@oe@2-2-2013
21403004@unknown@formal@none@1@S@Imports rose sharply in the period, to $5.19 billion from $4.04 billion a year earlier, a change of 28%.@@@@1@19@@oe@2-2-2013
21403005@unknown@formal@none@1@S@Exports during the period were $7.01 billion, 2.6% below $7.20 billion a year ago.@@@@1@14@@oe@2-2-2013
21404001@unknown@formal@none@1@S@Groupe AG's chairman said the Belgian insurer is prepared to give up some of its independence to a white knight if necessary to repel a raider.@@@@1@26@@oe@2-2-2013
21404002@unknown@formal@none@1@S@Amid heavy buying of shares in Belgium's largest insurer, Maurice Lippens also warned in an interview that a white knight, in buying out a raider, could leave speculators with big losses on their AG stock.@@@@1@35@@oe@2-2-2013
21404003@unknown@formal@none@1@S@Since the beginning of the year, the stock has nearly doubled, giving AG a market value of about 105 billion Belgian francs ($2.7 billion).@@@@1@24@@oe@2-2-2013
21404004@unknown@formal@none@1@S@The most likely white knight would be Societe Generale de Belgique S.A., which already owns 18% of AG and which itself is controlled by Cie. Financiere de Suez, the acquisitive French financial conglomerate.@@@@1@33@@oe@2-2-2013
21404005@unknown@formal@none@1@S@But Mr. Lippens said a rescue also could involve Asahi Mutual Life Insurance Co., which owns 5% of AG.@@@@1@19@@oe@2-2-2013
21404006@unknown@formal@none@1@S@AG is hardly alone in its anxiety.@@@@1@7@@oe@2-2-2013
21404007@unknown@formal@none@1@S@A rambunctious shake-up is quickly reshaping Europe's once-stately insurance business.@@@@1@10@@oe@2-2-2013
21404008@unknown@formal@none@1@S@Worried by European Community directives that will remove many of the barriers to cross-border insurance services, starting in mid-1990, insurers are rushing to find partners and preparing for price wars.@@@@1@30@@oe@2-2-2013
21404009@unknown@formal@none@1@S@In West Germany and the Netherlands, insurers are flirting with banks.@@@@1@11@@oe@2-2-2013
21404010@unknown@formal@none@1@S@In France, Suez and Axa-Midi Assurances S.A. both have been on the prowl for giant acquisitions; Suez last month acquired control of Groupe Victoire, the sixth-largest European insurance company, after a takeover battle with Cie. Industrielle.@@@@1@36@@oe@2-2-2013
21404011@unknown@formal@none@1@S@Mr. Lippens said the volume of shares changing hands has grown significantly since mid-September.@@@@1@14@@oe@2-2-2013
21404012@unknown@formal@none@1@S@But he estimated that a raider would have been able to amass no more than 4% of the shares in recent months.@@@@1@22@@oe@2-2-2013
21404013@unknown@formal@none@1@S@Aside from exploring plans for joint ventures or acquisitions, Mr. Lippens has called top managers of companies rumored as potential raiders -- among them, Axa-Midi, Union des Assurances de Paris and Suez, all based in France.@@@@1@36@@oe@2-2-2013
21404014@unknown@formal@none@1@S@They have all "very clearly stated that they have not acquired and are not acquiring shares of AG," he said.@@@@1@20@@oe@2-2-2013
21404015@unknown@formal@none@1@S@Any raider would find it hard to crack AG's battlements.@@@@1@10@@oe@2-2-2013
21404016@unknown@formal@none@1@S@A "syndicate" of shareholders holds just under 50% of AG, Mr. Lippens said, and members have agreed to give one another the right of first refusal should they sell any AG shares.@@@@1@32@@oe@2-2-2013
21404017@unknown@formal@none@1@S@Aside from Generale de Belgique and Asahi, the syndicate includes Antwerpsche Hypotheekkas, a Belgian savings bank, and various family interests.@@@@1@20@@oe@2-2-2013
21404018@unknown@formal@none@1@S@A Generale spokesman confirmed that the giant Belgian holding company would be willing to raise its stake in AG should a raider seek control.@@@@1@24@@oe@2-2-2013
21404019@unknown@formal@none@1@S@Asahi officials couldn't be reached for comment.@@@@1@7@@oe@2-2-2013
21404020@unknown@formal@none@1@S@Even without bid talk, this year's surge in prices for Brussels real estate has excited interest in AG.@@@@1@18@@oe@2-2-2013
21404021@unknown@formal@none@1@S@The company says those holdings constitute the third-biggest real-estate portfolio in Belgium.@@@@1@12@@oe@2-2-2013
21405001@unknown@formal@none@1@S@With the dust settling from the failed coup attempt in Panama, one of the many lingering questions the Bush administration will ponder is this: Is the National Security Council staff big enough, and does it have enough clout, to do its job of coordinating foreign policy?@@@@1@46@@oe@2-2-2013
21405002@unknown@formal@none@1@S@President Bush's national security adviser, Lt. Gen. Brent Scowcroft, came into office in January intent on making the NSC staff leaner and more disciplined than it had been during the Reagan administration.@@@@1@32@@oe@2-2-2013
21405003@unknown@formal@none@1@S@Gen. Scowcroft was a member of the Tower Commission, which investigated the Iran-Contra affair.@@@@1@14@@oe@2-2-2013
21405004@unknown@formal@none@1@S@He was all too aware of how a large, inadequately supervised NSC staff had spun out of control and nearly wrecked President Reagan's second term.@@@@1@25@@oe@2-2-2013
21405005@unknown@formal@none@1@S@So, following both the style he pursued as President Ford's national security adviser and the recommendations of the Tower Commission, Gen. Scowcroft has pruned the NSC staff and tried to ensure that it sticks to its assigned tasks -- namely, gathering the views of the State Department, Pentagon and intelligence community; serving as an honest broker in distilling that information for the president and then making sure presidential decisions are carried out.@@@@1@72@@oe@2-2-2013
21405006@unknown@formal@none@1@S@The Tower Commission specifically said that the NSC staff should be "small" and warned against letting "energetic self-starters" like Lt. Col. Oliver North strike out on their own rather than leaving the day-to-day execution of policies to the State Department, Pentagon or Central Intelligence Agency.@@@@1@45@@oe@2-2-2013
21405007@unknown@formal@none@1@S@However, the Panama episode has raised questions about whether the NSC staff is sufficiently big, diverse and powerful to coordinate U.S. policy on tough issues.@@@@1@25@@oe@2-2-2013
21405008@unknown@formal@none@1@S@During the coup attempt and its aftermath, NSC staffers were "stretched very thin," says one senior administration official.@@@@1@18@@oe@2-2-2013
21405009@unknown@formal@none@1@S@"It's a very small shop."@@@@1@5@@oe@2-2-2013
21405010@unknown@formal@none@1@S@Gen. Scowcroft doesn't plan to increase the staff right now, but is weighing that possibility, the official adds.@@@@1@18@@oe@2-2-2013
21405011@unknown@formal@none@1@S@The NSC staff "doesn't have the horsepower that I believe is required to have an effective interagency process," says Frank Gaffney, a former Pentagon aide who now runs the Center for Security Policy, a conservative Washington think-tank.@@@@1@37@@oe@2-2-2013
21405012@unknown@formal@none@1@S@"The problem with this administration, I think, is that by design it has greatly diminished, both in a physical sense and in a procedural sense, the role of the NSC."@@@@1@30@@oe@2-2-2013
21405013@unknown@formal@none@1@S@The National Security Council itself was established in 1947 because policy makers sensed a need, in an increasingly complex world, for a formal system within the White House to make sure that communications flowed smoothly between the president and the State Department, Pentagon and intelligence agencies.@@@@1@46@@oe@2-2-2013
21405014@unknown@formal@none@1@S@By law, the council includes the president, vice president and secretaries of state and defense.@@@@1@15@@oe@2-2-2013
21405015@unknown@formal@none@1@S@In practice, the director of central intelligence and chairman of the Joint Chiefs of Staff also serve as unofficial members.@@@@1@20@@oe@2-2-2013
21405016@unknown@formal@none@1@S@But the size, shape and role of the NSC staff have been left for each president and his national security adviser to decide.@@@@1@23@@oe@2-2-2013
21405017@unknown@formal@none@1@S@That task is one of Washington's perennial problems.@@@@1@8@@oe@2-2-2013
21405018@unknown@formal@none@1@S@In the Bush White House, the size of the NSC's staff of professional officers is down to about 50 from about 70 in 1987, administration officials say.@@@@1@27@@oe@2-2-2013
21405019@unknown@formal@none@1@S@Administration officials insist that the size of the staff wasn't a problem during the Panama crisis.@@@@1@16@@oe@2-2-2013
21405020@unknown@formal@none@1@S@But one clear problem during the coup attempt was that the NSC staffer most experienced in Latin America, Everett Briggs, was gone.@@@@1@22@@oe@2-2-2013
21405021@unknown@formal@none@1@S@He had just resigned, at least in part because of a feud with Assistant Secretary of State Bernard Aronson over the administration's policy on Panama and support for Nicaragua's Contra rebels.@@@@1@31@@oe@2-2-2013
21405022@unknown@formal@none@1@S@The absence of Mr. Briggs underscored the possible inadequacy of the current NSC staff.@@@@1@14@@oe@2-2-2013
21405023@unknown@formal@none@1@S@Both Gen. Scowcroft and his deputy, Robert Gates, are experts in U.S.-Soviet affairs.@@@@1@13@@oe@2-2-2013
21405024@unknown@formal@none@1@S@Gen. Scowcroft is particularly well-versed in arms control, and Mr. Gates has spent years studying Soviet politics and society.@@@@1@19@@oe@2-2-2013
21405025@unknown@formal@none@1@S@Both have become confidants of President Bush.@@@@1@7@@oe@2-2-2013
21405026@unknown@formal@none@1@S@But neither has an extensive background in Latin America, the Middle East or Asia.@@@@1@14@@oe@2-2-2013
21405027@unknown@formal@none@1@S@In those areas, the role of NSC staffers under them therefore have become more important.@@@@1@15@@oe@2-2-2013
21405028@unknown@formal@none@1@S@Gen. Scowcroft knows as well as anyone that one of the biggest dangers he faces is that NSC staffers working in relative anonymity will take over policy-making and operational tasks that are best left to bigger and more experienced State Department and Pentagon bureaus.@@@@1@44@@oe@2-2-2013
21405029@unknown@formal@none@1@S@But just as every previous NSC adviser has, Gen. Scowcroft now will have to mull at what point the NSC staff becomes too lean and too restrained.@@@@1@27@@oe@2-2-2013
21406001@unknown@formal@none@1@S@Japan's wholesale prices in the first 10 days of October fell 0.3% from the previous 10 days but rose 3.3% from a year ago, the Bank of Japan said.@@@@1@29@@oe@2-2-2013
21406002@unknown@formal@none@1@S@The wholesale price index stood at 89.6 (1985 equals 100).@@@@1@10@@oe@2-2-2013
21407001@unknown@formal@none@1@S@A former Sperry Corp. marketing executive, admitting his role in the Pentagon procurement scandal, pleaded guilty to bribery and conspiracy charges for helping funnel $400,000 to a midlevel Navy acquisition official during the early 1980s.@@@@1@35@@oe@2-2-2013
21407002@unknown@formal@none@1@S@Frank Lavelle, who at the time was the marketing director for Sperry in Clearwater, Fla., admitted participating in a scheme to bribe Garland Tomlin, the Navy official.@@@@1@27@@oe@2-2-2013
21407003@unknown@formal@none@1@S@Mr. Tomlin, who left the Navy in 1985, pleaded guilty earlier this year to related conspiracy, bribery and tax-evasion charges.@@@@1@20@@oe@2-2-2013
21407004@unknown@formal@none@1@S@The bribery scheme took place between 1982 and 1985, according to documents filed by prosecutors in connection with Mr. Lavelle's guilty plea in federal district court in Alexandria, Va.@@@@1@29@@oe@2-2-2013
21407005@unknown@formal@none@1@S@Sperry merged with Burroughs Corp. to become Unisys Corp. in late 1986.@@@@1@12@@oe@2-2-2013
21407006@unknown@formal@none@1@S@Court documents filed by prosecutors indicate Mr. Tomlin tried to steer to Sperry a multimillion dollar contract to computerize maintenance of certain Navy electronics equiment.@@@@1@25@@oe@2-2-2013
21407007@unknown@formal@none@1@S@Mr. Tomlin, among other things, illegally provided Mr. Lavelle with inside information and documents intended to give Sperry an unfair advantage in the competition, the documents said.@@@@1@27@@oe@2-2-2013
21407008@unknown@formal@none@1@S@Sperry ultimately was eliminated from the competition without receiving the work.@@@@1@11@@oe@2-2-2013
21407009@unknown@formal@none@1@S@Documents filed by prosecutors also indicate that Mr. Lavelle and his fellow conspirators requested and obtained "approval of the scheme" from more-senior Sperry officials "because the payment which {Mr.} Tomlin requested was so large."@@@@1@34@@oe@2-2-2013
21407010@unknown@formal@none@1@S@Charles Gardner, a former Unisys vice president, and James Neal, a former company consultant, have admitted participating in this and other bribery schemes.@@@@1@23@@oe@2-2-2013
21407011@unknown@formal@none@1@S@Unisys has said that all of the company officials who participated in improper activities have left the company.@@@@1@18@@oe@2-2-2013
21407012@unknown@formal@none@1@S@Mr. Lavelle faces a maximum of 20 years in jail and a $500,000 fine.@@@@1@14@@oe@2-2-2013
21408001@unknown@formal@none@1@S@The New York Stock Exchange said a seat was sold for $500,000, unchanged from the sale Thursday.@@@@1@17@@oe@2-2-2013
21408002@unknown@formal@none@1@S@Seats are quoted at $430,000 bid and $525,000 asked.@@@@1@9@@oe@2-2-2013
21409001@unknown@formal@none@1@S@Bureaucrats may deserve their bad reputation, after all.@@@@1@8@@oe@2-2-2013
21409002@unknown@formal@none@1@S@Matthew Lesko, something of a professional defender of government, thought he had a sure-fire winner last summer when he offered $5,000 for the best "verifiable story of 250 words or less about how a government bureaucrat helped you."@@@@1@38@@oe@2-2-2013
21409003@unknown@formal@none@1@S@He sent out thousands of news releases from his Kensington, Md., office.@@@@1@12@@oe@2-2-2013
21409004@unknown@formal@none@1@S@He plugged the contest on Larry King's radio show, on Pat Sajak's television show and on the C-SPAN cable television network.@@@@1@21@@oe@2-2-2013
21409005@unknown@formal@none@1@S@He talked about it in every speech he made as he roamed the country promoting his books, which dispense handy how-to advice on using government information for fun and profit.@@@@1@30@@oe@2-2-2013
21409006@unknown@formal@none@1@S@Mr. Lesko figured he would be flooded with entries by now.@@@@1@11@@oe@2-2-2013
21409007@unknown@formal@none@1@S@After all, he says, "we've got like 15 million bureaucrats."@@@@1@10@@oe@2-2-2013
21409008@unknown@formal@none@1@S@And in addition to the $5,000, he has promised the winner a "My Favorite Bureaucrat" plaque and offered each of two runners-up $500.@@@@1@23@@oe@2-2-2013
21409009@unknown@formal@none@1@S@So far, though, Mr. Lesko has received only one entry.@@@@1@10@@oe@2-2-2013
21409010@unknown@formal@none@1@S@To make matters worse, the lone nomination came from another bureaucrat: A woman from the New York State Department of Taxation and Finance who nominated her boss.@@@@1@27@@oe@2-2-2013
21409011@unknown@formal@none@1@S@Mr. Lesko, who is making the rules as he goes, has determined that bureaucrats are eligible for nomination by other bureaucrats.@@@@1@21@@oe@2-2-2013
21409012@unknown@formal@none@1@S@But he says he would prefer to get nominations from rank-and-file folks.@@@@1@12@@oe@2-2-2013
21409013@unknown@formal@none@1@S@He admits that he hasn't had much luck generating free publicity for his contest.@@@@1@14@@oe@2-2-2013
21409014@unknown@formal@none@1@S@Newspapers, including this one, have generally ignored his news releases.@@@@1@10@@oe@2-2-2013
21409015@unknown@formal@none@1@S@Talk show hosts quickly change the topic.@@@@1@7@@oe@2-2-2013
21409016@unknown@formal@none@1@S@But Mr. Lesko's staff is beginning to wonder whether there isn't some larger phenomenon foiling the contest.@@@@1@17@@oe@2-2-2013
21409017@unknown@formal@none@1@S@"Is the government not helping anybody?" asks Toni Murray, an assistant to Mr. Lesko.@@@@1@14@@oe@2-2-2013
21409018@unknown@formal@none@1@S@Mr. Lesko himself isn't yet prepared to accept that explanation.@@@@1@10@@oe@2-2-2013
21409019@unknown@formal@none@1@S@"People hate to write," he says.@@@@1@6@@oe@2-2-2013
21409020@unknown@formal@none@1@S@"Maybe people don't believe I want to give this money away."@@@@1@11@@oe@2-2-2013
21409021@unknown@formal@none@1@S@Maybe Americans are just so annoyed with government that they aren't interested in admitting that bureaucrats come in handy once in a while.@@@@1@23@@oe@2-2-2013
21409022@unknown@formal@none@1@S@If he sponsored a contest on how a bureaucrat mishandled something, Mr. Lesko admits, "I'd get 5,000 entries."@@@@1@18@@oe@2-2-2013
21409023@unknown@formal@none@1@S@Now there's an idea.@@@@1@4@@oe@2-2-2013
21410001@unknown@formal@none@1@S@Ford Motor Co. and Saab-Scania AB of Sweden broke off talks about a possible alliance after Ford officials concluded that the cost to modernize Saab's car operations would outweigh the likely return.@@@@1@32@@oe@2-2-2013
21410002@unknown@formal@none@1@S@With the collapse of the talks Friday, European analysts expect Ford to intensify its pursuit of British luxury car maker Jaguar PLC, which is scrambling to fend off a hostile Ford bid by negotiating a friendly alliance with Ford's archrival, General Motors Corp.@@@@1@43@@oe@2-2-2013
21410003@unknown@formal@none@1@S@Saab, meanwhile, is left to continue its search for an ally to shore up its sagging car business.@@@@1@18@@oe@2-2-2013
21410004@unknown@formal@none@1@S@Saab said last week it "has had and will continue to have contacts with other manufacturers."@@@@1@16@@oe@2-2-2013
21410005@unknown@formal@none@1@S@Among the possible suitors is Italy's Fiat S.p. A, analysts said last week.@@@@1@13@@oe@2-2-2013
21410006@unknown@formal@none@1@S@Ford and Saab officials declined to elaborate publicly on the announcement Friday that their negotiations failed to yield an agreement "that could make long-term business sense to both parties."@@@@1@29@@oe@2-2-2013
21410007@unknown@formal@none@1@S@Individuals close to the Ford side of the negotiations said late last week that the No. 2 U.S. auto maker lost interest as it became clear that the Swedish auto maker's automotive operations had little to offer in the way of image or technology.@@@@1@44@@oe@2-2-2013
21410008@unknown@formal@none@1@S@Ford originally had seen a Saab alliance as a way to expand its presence in the European and U.S. luxury car markets.@@@@1@22@@oe@2-2-2013
21410009@unknown@formal@none@1@S@In addition, Ford and Saab had discussed a possible link between their heavy truck operations.@@@@1@15@@oe@2-2-2013
21410010@unknown@formal@none@1@S@But the talks on a heavy truck alliance apparently didn't go far.@@@@1@12@@oe@2-2-2013
21410011@unknown@formal@none@1@S@Some European analysts speculated that officials of Saab's highly profitable Scania truck operation balked at surrendering any of their autonomy.@@@@1@20@@oe@2-2-2013
21410012@unknown@formal@none@1@S@Meanwhile, Ford officials became convinced they couldn't expect to recover the investment it would require to make Saab's cars competitive in the increasingly crowded luxury market.@@@@1@26@@oe@2-2-2013
21410013@unknown@formal@none@1@S@Saab's problems were underscored Friday when the company announced that its car division had a 1.2 billion kronor ($186.1 million) loss during the first eight months of this year, slightly worse than Saab-Scania had forecast in its first-half report last month.@@@@1@41@@oe@2-2-2013
21410014@unknown@formal@none@1@S@Overall, Saab-Scania's pretax profit during the first eight months of the year plunged 48.9% to 1 billion Swedish kronor ($155.1 million) from 1.96 billion kronor ($303.9 million) a year earlier.@@@@1@30@@oe@2-2-2013
21410015@unknown@formal@none@1@S@Industry analysts in Europe said the most likely suitor for Saab now is Fiat.@@@@1@14@@oe@2-2-2013
21410016@unknown@formal@none@1@S@Saab and Fiat have worked together in the past, in one case developing jointly a new auto chassis that became the foundation of Saab's 9000 model, Fiat's Croma and Lancia's Thema.@@@@1@31@@oe@2-2-2013
21410017@unknown@formal@none@1@S@Last month, Saab-Scania Chief Executive Georg Karnsund said his company has had talks with Fiat about a broader alliance.@@@@1@19@@oe@2-2-2013
21410018@unknown@formal@none@1@S@But the talks yielded "nothing so advanced that we needed to make a public announcement about it," he said.@@@@1@19@@oe@2-2-2013
21410019@unknown@formal@none@1@S@As for Ford, analysts expect the end of the Saab play will allow the U.S. auto maker to focus its resources on the intensifying struggle with GM for a stake in Jaguar.@@@@1@32@@oe@2-2-2013
21410020@unknown@formal@none@1@S@The failure of the Saab talks "makes it even more crucial for {Ford} to be victorious" in the Jaguar contest, said Stephen Reitman, European auto industry analyst at UBS-Phillips & Drew in London.@@@@1@33@@oe@2-2-2013
21410021@unknown@formal@none@1@S@Ford faces an uphill fight for Jaguar, however.@@@@1@8@@oe@2-2-2013
21410022@unknown@formal@none@1@S@Jaguar executives said last week they expect to have a friendly alliance with GM wrapped up by the end of the month.@@@@1@22@@oe@2-2-2013
21410023@unknown@formal@none@1@S@GM, meanwhile, is hosting a delegation of members of the British Parliament who are touring the auto maker's headquarter operations in Detroit.@@@@1@22@@oe@2-2-2013
21410024@unknown@formal@none@1@S@A GM spokesman said the visit isn't connected to the Jaguar situation.@@@@1@12@@oe@2-2-2013
21410025@unknown@formal@none@1@S@But Ford clearly views Jaguar as a prize worth fighting for, since the company's gilded brand image would give Ford a badly needed leg up in the high end of the luxury markets in both Europe and the U.S.@@@@1@39@@oe@2-2-2013
21410026@unknown@formal@none@1@S@Last week, Ford encountered a setback in its effort to broaden its U.S. luxury offerings when it was forced to abandon a four-year-old effort to market its German-built Scorpio sedan in the U.S. as a luxury import under the Merkur brand name.@@@@1@42@@oe@2-2-2013
21410027@unknown@formal@none@1@S@So despite the GM-Jaguar romance, analysts say Ford by last Friday had boosted its Jaguar holding to about 11% of the luxury auto maker's shares outstanding from 10.4% early last week.@@@@1@31@@oe@2-2-2013
21410028@unknown@formal@none@1@S@About 5.4 million Jaguar shares changed hands in active trading on London's stock exchange Friday, and Jaguar shares moved up 19 pence to 696 pence ($11).@@@@1@26@@oe@2-2-2013
21410029@unknown@formal@none@1@S@On the U.S. over-the-counter market, Jaguar's American depositary receipts rose 12.5 cents to $11.125.@@@@1@14@@oe@2-2-2013
21410030@unknown@formal@none@1@S@Joann S. Lublin contributed to this article.@@@@1@7@@oe@2-2-2013
21411001@unknown@formal@none@1@S@The Dallas Cowboys are looking at a long-yardage situation, struggling to pull ahead of the Atlanta Falcons.@@@@1@17@@oe@2-2-2013
21411002@unknown@formal@none@1@S@Up in his stadium box, their new and controversial owner, Jerral "Jerry" Jones, watches anxiously as the team bounds up to the scrimmage line.@@@@1@24@@oe@2-2-2013
21411003@unknown@formal@none@1@S@Mr. Jones takes heart.@@@@1@4@@oe@2-2-2013
21411004@unknown@formal@none@1@S@There in the center of the pack is quarterback Troy Aikman, the key to the Cowboys' comeback strategy.@@@@1@18@@oe@2-2-2013
21411005@unknown@formal@none@1@S@So key, in fact, that Mr. Jones signed him in April for $11.4 million over the next six years -- a record for a rookie.@@@@1@25@@oe@2-2-2013
21411006@unknown@formal@none@1@S@"He's a genuine Wheaties-box athlete," gushes Mr. Jones.@@@@1@8@@oe@2-2-2013
21411007@unknown@formal@none@1@S@With three minutes left on the clock, Mr. Aikman takes the snap, steps back and fires a 21-yard pass -- straight into the hands of an Atlanta defensive back.@@@@1@29@@oe@2-2-2013
21411008@unknown@formal@none@1@S@The crowd groans, Mr. Jones shakes his head, the Cowboys lose the game.@@@@1@13@@oe@2-2-2013
21411009@unknown@formal@none@1@S@A few days after that Sept. 17 game, Mr. Aikman broke a finger, sidelining him for weeks.@@@@1@17@@oe@2-2-2013
21411010@unknown@formal@none@1@S@Ah, the glamour of professional sports.@@@@1@6@@oe@2-2-2013
21411011@unknown@formal@none@1@S@For Mr. Jones, losing his quarterback temporarily was just the latest in a string of setbacks that has beset the Dallas Cowboys -- and, this year, much of the National Football League.@@@@1@32@@oe@2-2-2013
21411012@unknown@formal@none@1@S@Once fat and happy, the Cowboys now are losing games, fans and money.@@@@1@13@@oe@2-2-2013
21411013@unknown@formal@none@1@S@Last year, the team ended up $2 million in the red on $30 million in revenue.@@@@1@16@@oe@2-2-2013
21411014@unknown@formal@none@1@S@It has some of the highest costs in the league.@@@@1@10@@oe@2-2-2013
21411015@unknown@formal@none@1@S@Its attendance is off 23% from six years ago.@@@@1@9@@oe@2-2-2013
21411016@unknown@formal@none@1@S@At the very least, Mr. Jones, who cultivates the society circuit as eagerly as his bench, can take comfort in one fact: These days, he isn't alone.@@@@1@27@@oe@2-2-2013
21411017@unknown@formal@none@1@S@Nearly half the owners of the 28 National Football League teams are losing money, the result of flat attendance, aging stadiums and -- more than anything -- skyrocketing salaries for star players like Mr. Aikman.@@@@1@35@@oe@2-2-2013
21411018@unknown@formal@none@1@S@Last year, the top 12 players on each NFL team took home an average $536,000, a figure comparable to baseball and higher than in basketball.@@@@1@25@@oe@2-2-2013
21411019@unknown@formal@none@1@S@First-round draft picks have done even better: Average salaries and bonuses for them rose to $685,000 this year, up 44% from 1987.@@@@1@22@@oe@2-2-2013
21411020@unknown@formal@none@1@S@"It's a vicious circle," says Art Modell, owner of the Cleveland Browns.@@@@1@12@@oe@2-2-2013
21411021@unknown@formal@none@1@S@"One team pays so much and the other pays more.@@@@1@10@@oe@2-2-2013
21411022@unknown@formal@none@1@S@We just don't have that kind of income stream."@@@@1@9@@oe@2-2-2013
21411023@unknown@formal@none@1@S@All this is causing convulsions in professional football.@@@@1@8@@oe@2-2-2013
21411024@unknown@formal@none@1@S@Owners, largely complacent in the past, are now almost desperately looking for ways to lower costs and raise revenue -- embracing some revolutionary ideas in the process.@@@@1@27@@oe@2-2-2013
21411025@unknown@formal@none@1@S@Though not intentionally, the Cowboys' Mr. Jones has come to represent this new breed of owner.@@@@1@16@@oe@2-2-2013
21411026@unknown@formal@none@1@S@Shortly after buying 66% of the team from H.R. "Bum" Bright for $145 million, and mindful of the Cowboys' ragged bottom line, the 47-year-old Mr. Jones set about his own round of team cuts.@@@@1@34@@oe@2-2-2013
21411027@unknown@formal@none@1@S@First, he unceremoniously sacked Tom Landry, the legendary coach who took the Cowboys to five Super Bowls and 20 consecutive winning seasons.@@@@1@22@@oe@2-2-2013
21411028@unknown@formal@none@1@S@In Dallas, Mr. Landry has a standing just shy of sainthood.@@@@1@11@@oe@2-2-2013
21411029@unknown@formal@none@1@S@Anti-Jones sentiment flooded the local press: "A crude obnoxious hick," said one writer; "a real oink," said another; "Who in the hell does he think he is?" wrote a third.@@@@1@30@@oe@2-2-2013
21411030@unknown@formal@none@1@S@For Mr. Jones, it was just the beginning.@@@@1@8@@oe@2-2-2013
21411031@unknown@formal@none@1@S@He quickly cut the team's bloated administrative staff by half, shut down a Cowboys-owned dance academy and, in July, announced plans to sell Valley Ranch, the team's 30-acre practice camp and the most lavish training facility in the NFL.@@@@1@39@@oe@2-2-2013
21411032@unknown@formal@none@1@S@Mr. Jones calls the ranch "the Pentagon of Sportdom."@@@@1@9@@oe@2-2-2013
21411033@unknown@formal@none@1@S@It is a maze of halls that connects film rooms, elaborate spas and weight-training centers that testify to a richer, more free-spending era.@@@@1@23@@oe@2-2-2013
21411034@unknown@formal@none@1@S@He likes to tell the yarn of how he got lost on the expansive ranch during an early visit, took refuge in an office and called the front desk for help.@@@@1@31@@oe@2-2-2013
21411035@unknown@formal@none@1@S@"I said, `Somebody come get me.@@@@1@6@@oe@2-2-2013
21411036@unknown@formal@none@1@S@I'm at extension 29.'"@@@@1@4@@oe@2-2-2013
21411037@unknown@formal@none@1@S@With a new day dawning on the sport, Mr. Jones doesn't see a place for this sort of luxury.@@@@1@19@@oe@2-2-2013
21411038@unknown@formal@none@1@S@"It's just not cost efficient," he says.@@@@1@7@@oe@2-2-2013
21411039@unknown@formal@none@1@S@The place costs nearly $2 million a year to maintain.@@@@1@10@@oe@2-2-2013
21411040@unknown@formal@none@1@S@When he sells it, he says, the Cowboys will move to a more practical -- read affordable -- grass practice field near Texas Stadium.@@@@1@24@@oe@2-2-2013
21411041@unknown@formal@none@1@S@And as for Tom Landry, well, in Mr. Jones's mind, he had played out his winning years.@@@@1@17@@oe@2-2-2013
21411042@unknown@formal@none@1@S@After posting losing seasons in each of the last three years, the Cowboys needed a change, he says.@@@@1@18@@oe@2-2-2013
21411043@unknown@formal@none@1@S@Football has long been Mr. Jones's passion, both on and off the field.@@@@1@13@@oe@2-2-2013
21411044@unknown@formal@none@1@S@An Arkansas native, he started at guard on the undefeated 1964 University of Arkansas team that won a national championship.@@@@1@20@@oe@2-2-2013
21411045@unknown@formal@none@1@S@After college, he worked at his father's insurance company in Little Rock, and in 1966 led an aborted attempt to buy the San Diego Chargers.@@@@1@25@@oe@2-2-2013
21411046@unknown@formal@none@1@S@Years later, with cash from the sale of the insurance company, he founded Arkoma Production Corp., an oil and gas exploration company based in Little Rock.@@@@1@26@@oe@2-2-2013
21411047@unknown@formal@none@1@S@So it wasn't surprising that Mr. Jones returned to his Arkansas roots when he went looking for a replacement for Mr. Landry.@@@@1@22@@oe@2-2-2013
21411048@unknown@formal@none@1@S@He tapped Jimmy Johnson, a teammate on the 1964 University of Arkansas squad and the head coach at the University of Miami, where he led the Hurricanes to five winning seasons and a national championship in 1987.@@@@1@37@@oe@2-2-2013
21411049@unknown@formal@none@1@S@Whatever Mr. Johnson's talents, in the hearts and minds of many Dallas fans, he is no Tom Landry.@@@@1@18@@oe@2-2-2013
21411050@unknown@formal@none@1@S@Seven games (and, after a loss to the Kansas City Chiefs yesterday, seven losses) into the season, the "new" Cowboys aren't doing any better than the old.@@@@1@27@@oe@2-2-2013
21411051@unknown@formal@none@1@S@In fact, the last time they played this badly was in 1960, their opening season.@@@@1@15@@oe@2-2-2013
21411052@unknown@formal@none@1@S@Average attendance at their games, about 49,000 last year, continues flat.@@@@1@11@@oe@2-2-2013
21411053@unknown@formal@none@1@S@Mr. Jones is attacking the problem on several fronts.@@@@1@9@@oe@2-2-2013
21411054@unknown@formal@none@1@S@He continues to reshuffle the team, trading famed running back Herschel Walker to the Minnesota Vikings this month for a slew of players and future draft picks.@@@@1@27@@oe@2-2-2013
21411055@unknown@formal@none@1@S@To try to draw more fans, he has dropped end-zone ticket prices from $25 to $19.@@@@1@16@@oe@2-2-2013
21411056@unknown@formal@none@1@S@But the general trend, given rising costs in the league, has been to raise prices, and Mr. Jones is expected to eventually follow suit.@@@@1@24@@oe@2-2-2013
21411057@unknown@formal@none@1@S@"It's simple," says Lamar Hunt, who owns the Kansas City Chiefs and last year raised ticket prices by $2.40 to an average $17.@@@@1@23@@oe@2-2-2013
21411058@unknown@formal@none@1@S@"If we didn't increase prices, we'd be in the red."@@@@1@10@@oe@2-2-2013
21411059@unknown@formal@none@1@S@Mr. Jones has also beefed up his marketing staff to sell the 118 luxury suites topping Texas Stadium (his deal with Bum Bright included operating rights for the stadium).@@@@1@29@@oe@2-2-2013
21411060@unknown@formal@none@1@S@The suites are air-conditioned, have wet bars and plush seating, and offer a clear view of the field -- all for a sale price of $475,000 to $1 million, depending on their size and location.@@@@1@35@@oe@2-2-2013
21411061@unknown@formal@none@1@S@Mr. Jones has been taking prospective suite owners onto the field during practice to let them rub elbows with players, and promises those who actually buy one of the rooms an insider's look at the team's strategy before game time.@@@@1@40@@oe@2-2-2013
21411062@unknown@formal@none@1@S@The sales job seems to be paying off: When he bought the team, only six of the suites had been sold.@@@@1@21@@oe@2-2-2013
21411063@unknown@formal@none@1@S@Today, 30 have.@@@@1@3@@oe@2-2-2013
21411064@unknown@formal@none@1@S@Gate receipts are only the Cowboys' second largest source of cash.@@@@1@11@@oe@2-2-2013
21411065@unknown@formal@none@1@S@The biggest is the NFL's contract with national television for broadcast of the league's games.@@@@1@15@@oe@2-2-2013
21411066@unknown@formal@none@1@S@Last year, the Cowboys' share of that pie came to $17.6 million.@@@@1@12@@oe@2-2-2013
21411067@unknown@formal@none@1@S@The team additionally earns between $2 million and $4 million for local radio and television broadcast rights.@@@@1@17@@oe@2-2-2013
21411068@unknown@formal@none@1@S@Mr. Jones is currently trying to jack up the price for those local rights.@@@@1@14@@oe@2-2-2013
21411069@unknown@formal@none@1@S@He is also trying to get more stations in Mexico, where the Cowboys have a following, to pick up the games.@@@@1@21@@oe@2-2-2013
21411070@unknown@formal@none@1@S@Mr. Jones, whose twangy voice and folksy ways belie an intense businessman who works 16-hour days, is resigned to the hefty salaries he pays his players these days.@@@@1@28@@oe@2-2-2013
21411071@unknown@formal@none@1@S@He calls the contracts "critical to winning in the NFL" and has played his part in the bidding wars.@@@@1@19@@oe@2-2-2013
21411072@unknown@formal@none@1@S@Besides signing Mr. Aikman to a sizable contract, Mr. Jones has agreed to pay rookie quarterback Steve Walsh $4.1 million over the next four years.@@@@1@25@@oe@2-2-2013
21411073@unknown@formal@none@1@S@This wage inflation is bleeding the NFL dry, the owners contend.@@@@1@11@@oe@2-2-2013
21411074@unknown@formal@none@1@S@Soon, only large corporations will be able to afford to buy and run football teams, predicts John J. Veatch Jr., an investment banker with Salomon Brothers who handled the Cowboys sale.@@@@1@31@@oe@2-2-2013
21411075@unknown@formal@none@1@S@To tackle the problem, NFL owners have proposed setting a rookie wage scale to try to rein in salaries.@@@@1@19@@oe@2-2-2013
21411076@unknown@formal@none@1@S@Details of the plan, which would go into effect in 1993, are sketchy, but each player would apparently be paid a base salary keyed to his position and ability.@@@@1@29@@oe@2-2-2013
21411077@unknown@formal@none@1@S@Bonuses would be paid based on playing time and performance.@@@@1@10@@oe@2-2-2013
21411078@unknown@formal@none@1@S@The NFL Players Association, meanwhile, contends that athletes are paid a wage commensurate with their ability to draw fans, and that some owners are in financial trouble because of poor business management, not players' salaries.@@@@1@35@@oe@2-2-2013
21411079@unknown@formal@none@1@S@The owners are trying to boost profit in other ways, too.@@@@1@11@@oe@2-2-2013
21411080@unknown@formal@none@1@S@Many have launched promotions to attract new fans and are renegotiating dated stadium contracts.@@@@1@14@@oe@2-2-2013
21411081@unknown@formal@none@1@S@Most of the owners must pay up to 10% of gross ticket sales for leases on stadiums they say are either too small or too old.@@@@1@26@@oe@2-2-2013
21411082@unknown@formal@none@1@S@In Chicago, for example, size is the issue.@@@@1@8@@oe@2-2-2013
21411083@unknown@formal@none@1@S@"We have the worst lease in the NFL," contends Michael B. McCaskey, the president of the Chicago Bears and a grandson of George Halas, who founded the NFL's predecessor organization.@@@@1@30@@oe@2-2-2013
21411084@unknown@formal@none@1@S@"We're in a metro area with millions of Bear fans, and only a small number can be accommodated."@@@@1@18@@oe@2-2-2013
21411085@unknown@formal@none@1@S@When the lease expires in 1999, he says, "It's got to be changed."@@@@1@13@@oe@2-2-2013
21411086@unknown@formal@none@1@S@This year, the NFL also imposed an 80-player limit on teams going into training camp, down from 120, in a move meant to trim payroll costs.@@@@1@26@@oe@2-2-2013
21411087@unknown@formal@none@1@S@And the league is trying to get more for its three-year national network contract, which expires after this season.@@@@1@19@@oe@2-2-2013
21411088@unknown@formal@none@1@S@The current contract pays the NFL $1.4 billion.@@@@1@8@@oe@2-2-2013
21411089@unknown@formal@none@1@S@Owners say they expect the league to demand a 50% increase, despite the fact that televised football games have had lackluster ratings.@@@@1@22@@oe@2-2-2013
21411090@unknown@formal@none@1@S@An NFL spokesman also says the league will probably expand its offerings to cable TV companies like ESPN.@@@@1@18@@oe@2-2-2013
21411091@unknown@formal@none@1@S@The changes haven't come easy.@@@@1@5@@oe@2-2-2013
21411092@unknown@formal@none@1@S@Like the game of professional football, the NFL organization itself is in turmoil.@@@@1@13@@oe@2-2-2013
21411093@unknown@formal@none@1@S@The new breed of team owner, Mr. Jones included, has been fighting the NFL bureaucracy for a greater say in league affairs, and the battle has produced a form of organizational gridlock.@@@@1@32@@oe@2-2-2013
21411094@unknown@formal@none@1@S@In July, 11 NFL owners, almost all of them new, blocked an effort to install Jim Finks as a replacement for retiring league commissioner Pete Rozelle.@@@@1@26@@oe@2-2-2013
21411095@unknown@formal@none@1@S@Mr. Finks is perceived by some owners as a standard-bearer for the Old Guard.@@@@1@14@@oe@2-2-2013
21411096@unknown@formal@none@1@S@Earlier this month, another effort to choose a commissioner failed.@@@@1@10@@oe@2-2-2013
21411097@unknown@formal@none@1@S@The owners meet again tomorrow.@@@@1@5@@oe@2-2-2013
21411098@unknown@formal@none@1@S@For his part, Jerry Jones says he's in the business for the long haul, and his work style seems to support that.@@@@1@22@@oe@2-2-2013
21411099@unknown@formal@none@1@S@He puts in busy six-day weeks (excluding game days), and on one recent afternoon fielded questions, in the course of an hour, from a TV producer, his luxury-suite marketing manager, a disgruntled customer and a roomful of Arkansas reporters.@@@@1@39@@oe@2-2-2013
21411100@unknown@formal@none@1@S@To keep his schedule on track, he flies two personal secretaries in from Little Rock to augment his staff in Dallas.@@@@1@21@@oe@2-2-2013
21411101@unknown@formal@none@1@S@"When I made this investment, I made it on a lifetime basis," he explains.@@@@1@14@@oe@2-2-2013
21411102@unknown@formal@none@1@S@"I'm not here to make money by reselling the team later on.@@@@1@12@@oe@2-2-2013
21411103@unknown@formal@none@1@S@While the Cowboys may not be the best investment now, I don't accept they can't be in the future."@@@@1@19@@oe@2-2-2013
21411104@unknown@formal@none@1@S@Besides, to a large extent, Mr. Jones may already be getting what he wants out of the team, even though it keeps losing.@@@@1@23@@oe@2-2-2013
21411105@unknown@formal@none@1@S@Owning the Cowboys has bought him entree to a glitzy life that drilling for oil in Arkansas just didn't provide.@@@@1@20@@oe@2-2-2013
21411106@unknown@formal@none@1@S@There is the new private jet, the platoon of assistants, invitations to the best parties, and television appearances on shows such as "Prime Time Live."@@@@1@25@@oe@2-2-2013
21411107@unknown@formal@none@1@S@A few weeks ago, Mr. Jones even entertained Elizabeth Taylor in his private suite at Texas Stadium.@@@@1@17@@oe@2-2-2013
21411108@unknown@formal@none@1@S@"You're in the catbird seat every day in this job," he says.@@@@1@12@@oe@2-2-2013
21412001@unknown@formal@none@1@S@How interestingly clever of Robert Goldberg to use the form of pretend advocacy journalism to explain his perception of "Days of Rage" in his television critique (Leisure & Arts, Sept 11).@@@@1@31@@oe@2-2-2013
21412002@unknown@formal@none@1@S@He chastises Jo Franklin-Trout for her inept presentation of advocacy journalism, judging her project as "intellectually slipshod."@@@@1@17@@oe@2-2-2013
21412003@unknown@formal@none@1@S@Was not the title very clear?@@@@1@6@@oe@2-2-2013
21412004@unknown@formal@none@1@S@One example he gives: "She didn't ask" (why the Palestinian children are soldiers throwing stones).@@@@1@15@@oe@2-2-2013
21412005@unknown@formal@none@1@S@Really now, did she have to ask?@@@@1@7@@oe@2-2-2013
21412006@unknown@formal@none@1@S@Were not the pictures and happenings, which have been continuing news headlines, answers enough?@@@@1@14@@oe@2-2-2013
21412007@unknown@formal@none@1@S@Mr. Goldberg contends that even as "propaganda" the film fails because it presents only one view.@@@@1@16@@oe@2-2-2013
21412008@unknown@formal@none@1@S@Of course the Palestinians complain about their treatment; of course the Israelis feel put upon.@@@@1@15@@oe@2-2-2013
21412009@unknown@formal@none@1@S@But his complaint that "Days of Rage" doesn't contain balanced comments from Israelis about how badly the Palestinians are behaving is irrelevant.@@@@1@22@@oe@2-2-2013
21412010@unknown@formal@none@1@S@It's like doing a documentary on apartheid and insisting that equal time be given to how terrific white South Africans are.@@@@1@21@@oe@2-2-2013
21412011@unknown@formal@none@1@S@This film did emphasize how long the Israeli/Palestinian stalemate has existed by tracing the conflict to the days of World War I when the British tried to guarantee both a Jewish state and a Palestinian state without specifying how it was to be done.@@@@1@44@@oe@2-2-2013
21412012@unknown@formal@none@1@S@Well, "Days of Rage" airing with before-and-after packaging, and after repeated delays, was a beginning.@@@@1@15@@oe@2-2-2013
21412013@unknown@formal@none@1@S@Every issue is multisided.@@@@1@4@@oe@2-2-2013
21412014@unknown@formal@none@1@S@This film attempts to show a side rarely seen in our media.@@@@1@12@@oe@2-2-2013
21412015@unknown@formal@none@1@S@Now we must endure a rash of critics who apparently wish to know details of one side only.@@@@1@18@@oe@2-2-2013
21412016@unknown@formal@none@1@S@Salaam.@@@@1@1@@oe@2-2-2013
21412017@unknown@formal@none@1@S@Shalom.@@@@1@1@@oe@2-2-2013
21412018@unknown@formal@none@1@S@Charlotte Carpenter Bainbridge Island, Wash.@@@@1@5@@oe@2-2-2013
21413001@unknown@formal@none@1@S@President Bush wants the Pentagon to get special treatment in coping with the across-the-board spending cuts that took effect last week.@@@@1@21@@oe@2-2-2013
21413002@unknown@formal@none@1@S@Mr. Bush asked Congress to raise to $6 billion from $3 billion the amount of money Defense Secretary Dick Cheney may shift among the Pentagon's individual programs, projects and activities, allowing him to ease the pain that the Gramm-Rudman budget law was intended to inflict.@@@@1@45@@oe@2-2-2013
21413003@unknown@formal@none@1@S@If the request is approved by both the House and Senate, Mr. Cheney would need only permission from the White House Office of Management and Budget to move the money, according to Senate budget analysts.@@@@1@35@@oe@2-2-2013
21413004@unknown@formal@none@1@S@That would give the Pentagon flexibility that no other federal agency has.@@@@1@12@@oe@2-2-2013
21413005@unknown@formal@none@1@S@"It's simply a way of making the cuts less onerous for defense than they are for domestic programs," said Chairman James Sasser (D., Tenn.) of the Senate Budget Committee, who said he would oppose the request.@@@@1@36@@oe@2-2-2013
21413006@unknown@formal@none@1@S@"That isn't consistent with the kind of discipline that Gramm-Rudman is supposed to impose," he said.@@@@1@16@@oe@2-2-2013
21413007@unknown@formal@none@1@S@The president's request didn't indicate how Mr. Cheney would shift the money.@@@@1@12@@oe@2-2-2013
21413008@unknown@formal@none@1@S@A Pentagon official said the request was made to give the department "maximum flexibility" to deal with the cuts.@@@@1@19@@oe@2-2-2013
21413009@unknown@formal@none@1@S@Last week, Budget Director Richard Darman structured the $16.1 billion spending reduction, half of which must come from defense, to "impose a little bit more discipline" by applying cuts to each individual program, project or activity in the budget.@@@@1@39@@oe@2-2-2013
21413010@unknown@formal@none@1@S@That would give agencies "less ability . . . to fudge over things," he told reporters.@@@@1@16@@oe@2-2-2013
21413011@unknown@formal@none@1@S@Under the deficit-reduction law, 4.3% of the Pentagon's money and 5.3% of other agencies' money has been canceled.@@@@1@18@@oe@2-2-2013
21413012@unknown@formal@none@1@S@Lawmakers are expected to try to restore the funds once a pending deficit-cutting measure has been signed into law.@@@@1@19@@oe@2-2-2013
21414001@unknown@formal@none@1@S@Rochester Telephone Corp. said it completed its purchase of Urban Telephone Corp., of Clintonville, Wis., the second-largest unaffiliated independent telephone company in that state.@@@@1@24@@oe@2-2-2013
21414002@unknown@formal@none@1@S@Rochester Telephone said the acquisition was made in an exchange of its common shares for all the shares of Urban Telephone, but a price wasn't disclosed.@@@@1@26@@oe@2-2-2013
21414003@unknown@formal@none@1@S@Urban is the company's first telephone subsidiary in Wisconsin.@@@@1@9@@oe@2-2-2013
21414004@unknown@formal@none@1@S@Since June, Rochester Telephone signed letters of intent to purchase three other Wisconsin firms.@@@@1@14@@oe@2-2-2013
21415001@unknown@formal@none@1@S@A bill that would permit the Securities and Exchange Commission to monitor the financial condition of securities firms' holding companies is facing tough opposition from some Wall Street firms, which argue that the legislation is unnecessary.@@@@1@36@@oe@2-2-2013
21415002@unknown@formal@none@1@S@The legislation and other issues related to the stock market will be the focus of hearings this week by the House Telecommunications and Finance Subcommittee and the Senate Securities Subcommittee.@@@@1@30@@oe@2-2-2013
21415003@unknown@formal@none@1@S@Richard Breeden, the new chairman of the SEC, hasn't taken a formal position on the bill, which would also require investors to disclose large trades and give the SEC additional authority during market emergencies.@@@@1@34@@oe@2-2-2013
21415004@unknown@formal@none@1@S@However, he recently told the Senate Banking Committee that he believes the agency should have explicit authority to monitor debt levels at holding companies and affiliates of broker-dealers, which are frequently used to issue bridge loans.@@@@1@36@@oe@2-2-2013
21415005@unknown@formal@none@1@S@The bridge loans are intended to provide temporary financing for acquisitions.@@@@1@11@@oe@2-2-2013
21415006@unknown@formal@none@1@S@Since such loans are often refinanced through the sale of high-risk, high-yield junk bonds, the recent woes of the junk-bond market have renewed concerns among regulators about the risks associated with Wall Street firms issuing bridge loans.@@@@1@37@@oe@2-2-2013
21415007@unknown@formal@none@1@S@But some Wall Street executives argue that such fears are unwarranted.@@@@1@11@@oe@2-2-2013
21415008@unknown@formal@none@1@S@In a July 6 letter to the Senate Securities Subcommittee, First Boston Corp. argued that the fact that no retail brokerage firm failed during the 1987 market crash demonstrates that current rules are adequate.@@@@1@34@@oe@2-2-2013
21415009@unknown@formal@none@1@S@First Boston, whose holding company, CS First Boston Group, is one of the larger issuers of bridge loans on Wall Street, said it is also concerned that once the SEC has the power to monitor holding companies, it will try to regulate their activities.@@@@1@44@@oe@2-2-2013
21415010@unknown@formal@none@1@S@"The proposal, while well-intended, I think can be dangerously misleading because the likely consequence would be to weaken, rather than strengthen the control the SEC has exercised for 50 years over the financial adequacy and viability of broker-dealers," Michael Raoul-Duval, managing director of First Boston, said in an interview.@@@@1@49@@oe@2-2-2013
21415011@unknown@formal@none@1@S@The bill would "divert scarce resources of the commission away from broker-dealers into areas which simply have no way of affecting broker-dealers," Mr. Raoul-Duval said.@@@@1@25@@oe@2-2-2013
21415012@unknown@formal@none@1@S@Sources in the industry and on Capitol Hill say a compromise that would placate the industry while addressing the SEC's concerns may be possible.@@@@1@24@@oe@2-2-2013
21415013@unknown@formal@none@1@S@An aide to the Senate Securities Subcommittee says some legislators support the concept of risk disclosure, but adds: "nobody is wedded to the language in the bill."@@@@1@27@@oe@2-2-2013
21415014@unknown@formal@none@1@S@Edward O'Brien, president of the Securities Industry Association, said that the securities-industry trade group opposes the bill as it is written but that it is "hopeful a compromise can be reached to achieve the SEC's goals."@@@@1@36@@oe@2-2-2013
21415015@unknown@formal@none@1@S@Mr. O'Brien will elaborate on the SIA's position in testimony before the House Telecommunications and Finance Subcommittee this week, a spokesman said.@@@@1@22@@oe@2-2-2013
21416001@unknown@formal@none@1@S@This letter was inspired by David Asman's Sept. 25 editorial-page article about Fidel Castro, "Man in the Middle of Drug Trafficking."@@@@1@21@@oe@2-2-2013
21416002@unknown@formal@none@1@S@I've organized a series of exchanges, exhibitions and other continuing projects between Cuban and American artists.@@@@1@16@@oe@2-2-2013
21416003@unknown@formal@none@1@S@In any matters between us and the Cubans there can be no simplicity, consequently I've become familiar not only with Cuban art and artists, but also with Cuban bureaucrats and their counterparts in our own government.@@@@1@36@@oe@2-2-2013
21416004@unknown@formal@none@1@S@Despite levels of obstruction, incompetence and ensuing frustration of mythic proportion, these projects all remain, in my mind, valuable and well worth the effort.@@@@1@24@@oe@2-2-2013
21416005@unknown@formal@none@1@S@There is a simple reason for this: the Cuban people.@@@@1@10@@oe@2-2-2013
21416006@unknown@formal@none@1@S@Let me immediately put limits to whatever nostalgic notions that may intimate.@@@@1@12@@oe@2-2-2013
21416007@unknown@formal@none@1@S@Those "people" to whom I refer are not some heroic, indecipherable quantity; they are artists, critics, taxi drivers, grandmothers, even some employees of the Ministry of Culture, all of whom share a deep belief in the original principles of the Cuban Revolution, spelled out in terms such as equality among all members of the society, reverence for education and creative expression, universal rights to health and livelihood, housing, etc.@@@@1@69@@oe@2-2-2013
21416008@unknown@formal@none@1@S@In fact, the generation of painters growing into maturity right now works with such profoundly held humanist assumptions and such passionate commitment to moral and ethical principles that it makes Che Guevara's famous linkages of art, idealism and revolution seem modest.@@@@1@41@@oe@2-2-2013
21416009@unknown@formal@none@1@S@It is on behalf of these people, and out of my real respect for them, that I am responding to Mr. Asman's opinions of their country.@@@@1@26@@oe@2-2-2013
21416010@unknown@formal@none@1@S@The Ochoa trial in July, with its revelations of deeply rooted and widespread corruption, and the summary trial and execution, was extremely disturbing to everyone who has ever considered himself a friend of Cuba.@@@@1@34@@oe@2-2-2013
21416011@unknown@formal@none@1@S@However, unacceptable though those occurrences may have been, they still provide no excuse for wholesale departures from truth.@@@@1@18@@oe@2-2-2013
21416012@unknown@formal@none@1@S@Mr. Asman should make distinctions among Fidel, the army and the Cuban people.@@@@1@13@@oe@2-2-2013
21416013@unknown@formal@none@1@S@They are not interchangeable, since they are motivated to act based on their own circumstances.@@@@1@15@@oe@2-2-2013
21416014@unknown@formal@none@1@S@It is naivete to equate a government's policies with the will of the people (as we well know), and it is even worse folly to merge the clearly divergent agendas of Fidel and the military and the state bureaucracy.@@@@1@39@@oe@2-2-2013
21416015@unknown@formal@none@1@S@Mr. Asman is also annoyed that Mr. Castro has resisted collaboration with U.S. officials, even though by his own account that collaboration has been devised essentially as a mechanism for acts directly hostile to the Cuban regime, such as facilitating defections.@@@@1@41@@oe@2-2-2013
21416016@unknown@formal@none@1@S@I think it's a little disingenuous to be surprised that Fidel doesn't invite the U.S. State Department to violate the jurisdiction of the Cuban government over its own territory.@@@@1@29@@oe@2-2-2013
21416017@unknown@formal@none@1@S@We badly need to follow fact rather than the rhetoric of conventional wisdom.@@@@1@13@@oe@2-2-2013
21416018@unknown@formal@none@1@S@Without this basic level of attention to reality, our policies on Cuba will continue to be as counterproductive as they have for 30 years.@@@@1@24@@oe@2-2-2013
21416019@unknown@formal@none@1@S@From my own point of view, given the qualities of humanity, creativity and warm spirit in which the Cuban people excel, we deny ourselves access to things we hold dear, and which seem to run in such short supply these days.@@@@1@41@@oe@2-2-2013
21416020@unknown@formal@none@1@S@There is no rational justification for such behavior.@@@@1@8@@oe@2-2-2013
21416021@unknown@formal@none@1@S@Rachel Weiss Brookline, Mass.@@@@1@4@@oe@2-2-2013
21417001@unknown@formal@none@1@S@ENGRAPH INC. recently reported third-quarter earnings, which were mistakenly shown in the Quarterly Earnings Surprises table in last Tuesday's edition to be lower than the average of analysts' estimates.@@@@1@29@@oe@2-2-2013
21417002@unknown@formal@none@1@S@Zacks Investment Research didn't adjust one analyst's estimate for a stock split, which therefore was artificially high.@@@@1@17@@oe@2-2-2013
21417003@unknown@formal@none@1@S@Engraph's third-quarter net income of 15 cents a share actually was 7% higher than the adjusted average of estimates.@@@@1@19@@oe@2-2-2013
21418001@unknown@formal@none@1@S@Investors bailed out of New York City bonds in droves last week, driving prices lower and boosting yields.@@@@1@18@@oe@2-2-2013
21418002@unknown@formal@none@1@S@One bond trader estimated that more than $50 million of New York City general obligation bonds were put up for sale Friday alone.@@@@1@23@@oe@2-2-2013
21418003@unknown@formal@none@1@S@While that represents a small percentage of the city's public debt outstanding, Friday's selling followed a weeklong effort to unload the bonds by a broad spectrum of institutional and individual investors.@@@@1@31@@oe@2-2-2013
21418004@unknown@formal@none@1@S@"I've never seen so many {New York City} G.O.'s up for sale," said another trader.@@@@1@15@@oe@2-2-2013
21418005@unknown@formal@none@1@S@"Every broker has blocks of every size and maturity."@@@@1@9@@oe@2-2-2013
21418006@unknown@formal@none@1@S@Municipal bond analysts said the sell-off was triggered by concerns about the city's financial health, rumors of a $900 million bond offering coming soon, and political uncertainty.@@@@1@27@@oe@2-2-2013
21418007@unknown@formal@none@1@S@A spokesman for the city wouldn't confirm the size of the bond issue, but did say that a general obligation offering is in the works and should be priced sometime in the next two weeks, before the November mayoral election.@@@@1@40@@oe@2-2-2013
21418008@unknown@formal@none@1@S@(General obligation bonds are backed by the city's overall revenues and credit.)@@@@1@12@@oe@2-2-2013
21418009@unknown@formal@none@1@S@Although many investors were aware that a bond offering was being scheduled, many expected a much smaller amount of bonds to be sold.@@@@1@23@@oe@2-2-2013
21418010@unknown@formal@none@1@S@The fact that the city will issue such a large amount of debt was interpreted as a sign that New York's budgetary problems are more serious than had been expected.@@@@1@30@@oe@2-2-2013
21418011@unknown@formal@none@1@S@New York, one of the nation's largest issuers of tax-exempt bonds, sold $750 million of municipal bonds just a few weeks ago.@@@@1@22@@oe@2-2-2013
21418012@unknown@formal@none@1@S@There have been reports for months that the city's economy is weakening, as the October 1987 stock market crash continues to make itself felt.@@@@1@24@@oe@2-2-2013
21418013@unknown@formal@none@1@S@The recent sharp stock market decline exacerbated those concerns.@@@@1@9@@oe@2-2-2013
21418014@unknown@formal@none@1@S@Meanwhile, tax revenues are falling while the city's spending needs are expanding.@@@@1@12@@oe@2-2-2013
21418015@unknown@formal@none@1@S@Rumors persisted last week that New York's credit ratings -- single-A from Moody's Investors Service Inc. and single-A-minus from Standard & Poor's Corp. -- are at risk.@@@@1@27@@oe@2-2-2013
21418016@unknown@formal@none@1@S@The weakness in New York City bonds follows a warning from New York state Comptroller Edward Regan that the 1987 crash seriously weakened the city's economy.@@@@1@26@@oe@2-2-2013
21418017@unknown@formal@none@1@S@In a study, the comptroller said, "The city's glory days are over."@@@@1@12@@oe@2-2-2013
21418018@unknown@formal@none@1@S@Mr. Regan warned mayoral candidates "to be prepared for limited options and constraints on service increases to address the city's problems in the next few years, due to the now-evident weakening in the New York City economy."@@@@1@37@@oe@2-2-2013
21418019@unknown@formal@none@1@S@New York City's revised financial plan, due out later this month, is expected to include measures to balance the city's $27 billion budget.@@@@1@23@@oe@2-2-2013
21418020@unknown@formal@none@1@S@At present, analysts project a budget gap on the order of $500 million to $600 million for the fiscal year ending June 30, 1990, although the city's own budget analysts project a narrower deficit.@@@@1@34@@oe@2-2-2013
21418021@unknown@formal@none@1@S@Mark Page, New York's deputy director of finance, said that investors' concerns about the city's financial health are "unwarranted given our proven ability to manage ourselves."@@@@1@26@@oe@2-2-2013
21418022@unknown@formal@none@1@S@He charges the city's critics with spreading "unfounded emotional rhetoric."@@@@1@10@@oe@2-2-2013
21418023@unknown@formal@none@1@S@There are also questions about whether a new and inexperienced mayor can manage the city through what could become a financial crisis.@@@@1@22@@oe@2-2-2013
21418024@unknown@formal@none@1@S@The leading contender for the mayoral office, Democrat David Dinkins, has been criticized recently for the way he handled his personal financial affairs.@@@@1@23@@oe@2-2-2013
21418025@unknown@formal@none@1@S@And the controversy has led to uncertainty about the outcome of the election.@@@@1@13@@oe@2-2-2013
21418026@unknown@formal@none@1@S@Until last week, Mr. Dinkins was considered a shoo-in.@@@@1@9@@oe@2-2-2013
21418027@unknown@formal@none@1@S@"The market can adjust to good news or bad news, but uncertainty drives people wild," said Bernard B. Beal, chief executive of M.R. Beal & Co., a securities firm that specializes in the municipal market.@@@@1@35@@oe@2-2-2013
21418028@unknown@formal@none@1@S@Until last week, "Everyone felt certain they knew the outcome of the election.@@@@1@13@@oe@2-2-2013
21418029@unknown@formal@none@1@S@Now, there have been a number of questions raised."@@@@1@9@@oe@2-2-2013
21418030@unknown@formal@none@1@S@Last week, yields on long-term New York City general obligation bonds jumped half a percentage point.@@@@1@16@@oe@2-2-2013
21418031@unknown@formal@none@1@S@New York City's 6% bonds due 2018, for example, were quoted late Friday at a price to yield 7.80%, compared with 7.60% Thursday.@@@@1@23@@oe@2-2-2013
21418032@unknown@formal@none@1@S@As the yield on New York general obligation bonds rose, the Bond Buyer 20-bond general obligation index, the mostly widely followed gauge of the tax-exempt market, held steady at 7.19% in the week ended Oct. 19.@@@@1@36@@oe@2-2-2013
21419001@unknown@formal@none@1@S@Qintex Australia Ltd. encountered another setback Friday when its Los Angeles-based affiliate, Qintex Entertainment Inc., filed for protection under Chapter 11 of the U.S. Bankruptcy Code.@@@@1@26@@oe@2-2-2013
21419002@unknown@formal@none@1@S@Qintex Entertainment also said David Evans, its president and chief executive, and Roger Kimmel, a director, both resigned.@@@@1@18@@oe@2-2-2013
21419003@unknown@formal@none@1@S@Neither could be reached for comment.@@@@1@6@@oe@2-2-2013
21419004@unknown@formal@none@1@S@Earlier this month, Qintex Australia's $1.5 billion agreement to acquire MGM/UA Communications Co. collapsed because of a dispute over a $50 million letter of credit the Australian operator of television stations and resorts was to have supplied as security in the transaction.@@@@1@42@@oe@2-2-2013
21419005@unknown@formal@none@1@S@Mr. Evans had been the de facto head of MGM/UA for months.@@@@1@12@@oe@2-2-2013
21419006@unknown@formal@none@1@S@Qintex Entertainment, a producer and distributor of television programs most noted for its co-production of the hit miniseries "Lonesome Dove," said it filed for Chapter 11 protection after Qintex Australia failed to provide it with $5.9 million owed to MCA Inc. in connection with the distribution of "The New Leave It to Beaver Show."@@@@1@54@@oe@2-2-2013
21419007@unknown@formal@none@1@S@Qintex Entertainment is 43% owned by Qintex Australia and said it relies on the Australian company for funding its working capital requirements.@@@@1@22@@oe@2-2-2013
21419008@unknown@formal@none@1@S@After the announcement of the bankruptcy filing, Qintex Entertainment stock sank $2.625 in over-the-counter trading to close at $1.50 on heavy volume of more than 1.4 million shares.@@@@1@28@@oe@2-2-2013
21419009@unknown@formal@none@1@S@The stock traded as high as $10 this past summer.@@@@1@10@@oe@2-2-2013
21419010@unknown@formal@none@1@S@Jonathan Lloyd, executive vice president and chief financial officer of Qintex Entertainment, said Qintex Entertainment was forced to file for protection to avoid going into default under its agreement with MCA.@@@@1@31@@oe@2-2-2013
21419011@unknown@formal@none@1@S@The $5.9 million payment was due Oct. 1 and the deadline for default was Oct. 19.@@@@1@16@@oe@2-2-2013
21419012@unknown@formal@none@1@S@Mr. Lloyd said if Qintex had defaulted it could have been required to repay $92 million in debt under its loan agreements.@@@@1@22@@oe@2-2-2013
21419013@unknown@formal@none@1@S@MCA on Friday said that as a result of Qintex's failure to make the required payment it was terminating the distribution agreement on "The New Leave It to Beaver" as well as other MCA properties.@@@@1@35@@oe@2-2-2013
21419014@unknown@formal@none@1@S@Qintex Australia was "saying as recently as last weekend that they would take care of the situation.@@@@1@17@@oe@2-2-2013
21419015@unknown@formal@none@1@S@They continued to represent that to the board," said Mr. Lloyd.@@@@1@11@@oe@2-2-2013
21419016@unknown@formal@none@1@S@"We were reassured they would stand behind the company."@@@@1@9@@oe@2-2-2013
21419017@unknown@formal@none@1@S@Mr. Lloyd said both Qintex Entertainment and Qintex Australia had attempted to secure a loan that would allow the company to make the $5.9 million payment but the request was turned down by an unidentified lender on Oct. 14.@@@@1@39@@oe@2-2-2013
21419018@unknown@formal@none@1@S@At that point, he said, Qintex Australia stated it would "endeavor to arrange" the financing.@@@@1@15@@oe@2-2-2013
21419019@unknown@formal@none@1@S@However a Qintex Australia spokesman said his firm had never "promised or guaranteed" to make the payment.@@@@1@17@@oe@2-2-2013
21419020@unknown@formal@none@1@S@In a prepared statement from Australia, the company also said that, following the breakdown of the MGM talks, it "had been re-evaluating its position as a significant shareholder and a substantial creditor of Qintex Entertainment" and had "resolved to minimize the degree of further loans to Qintex Entertainment in excess of that previously made."@@@@1@54@@oe@2-2-2013
21419021@unknown@formal@none@1@S@The Qintex Australia spokesman added that his company had opposed the Chapter 11 filing.@@@@1@14@@oe@2-2-2013
21419022@unknown@formal@none@1@S@He said the company believed Qintex Entertainment's financial problems could have been resolved by other means.@@@@1@16@@oe@2-2-2013
21419023@unknown@formal@none@1@S@The report of the bankruptcy filing stunned Hollywood executives and investors.@@@@1@11@@oe@2-2-2013
21419024@unknown@formal@none@1@S@"It's a shocker," said Joseph Di Lillo, chairman of Drake Capital Securities, a brokerage firm that has an investment in Qintex Entertainment.@@@@1@22@@oe@2-2-2013
21419025@unknown@formal@none@1@S@Qintex Australia was "going to pay more than $1 billion for MGM/UA and then they couldn't come up with the far smaller sum of $5.9 million."@@@@1@26@@oe@2-2-2013
21419026@unknown@formal@none@1@S@Qintex said Mr. Evans, the former president, resigned for "personal reasons" and that Mr. Kimmel, an attorney, resigned because his participation in evaluating the company's role in buying MGM/UA was no longer necessary.@@@@1@33@@oe@2-2-2013
21419027@unknown@formal@none@1@S@Mr. Kimmel was a director of the company and a predecessor firm since 1980.@@@@1@14@@oe@2-2-2013
21419028@unknown@formal@none@1@S@The announcement seemed to further damp prospects that talks between Qintex Australia and MGM/UA might be revived.@@@@1@17@@oe@2-2-2013
21419029@unknown@formal@none@1@S@It's understood that MGM/UA recently contacted Rupert Murdoch's News Corp., which made two failed bids for the movie studio, to see if the company was still interested.@@@@1@27@@oe@2-2-2013
21419030@unknown@formal@none@1@S@However, "we aren't currently doing anything.@@@@1@6@@oe@2-2-2013
21419031@unknown@formal@none@1@S@It isn't a current topic of conversation at the company," said Barry Diller, chairman and chief executive officer of the Fox Inc. unit of News Corp.@@@@1@26@@oe@2-2-2013
21420001@unknown@formal@none@1@S@Financial printer Bowne & Co. said it formed a business translation service, which will provide legal, financial and other services in most major languages, including Japanese, Chinese and Russian.@@@@1@29@@oe@2-2-2013
21421001@unknown@formal@none@1@S@Japan's Finance Ministry strongly denied playing any role in the New York stock-price free fall.@@@@1@15@@oe@2-2-2013
21421002@unknown@formal@none@1@S@Makoto Utsumi, vice minister for international affairs, said the ministry didn't in any way suggest to Japanese banks that they stay out of the UAL Corp. leveraged buy-out.@@@@1@28@@oe@2-2-2013
21421003@unknown@formal@none@1@S@The ministry has never even suggested that Japanese banks be cautious about leveraged buy-outs in general, Mr. Utsumi said.@@@@1@19@@oe@2-2-2013
21421004@unknown@formal@none@1@S@"There are no facts {behind the assertions} that we sent any kind of signal," he declared in an interview.@@@@1@19@@oe@2-2-2013
21421005@unknown@formal@none@1@S@The comments were the ministry's first detailed public statement on the subject, and reflect the ministry's concern that foreigners will think Japan is using its tremendous financial power to control events in foreign markets.@@@@1@34@@oe@2-2-2013
21421006@unknown@formal@none@1@S@A number of accounts of the events leading to the 190 point drop in New York stock prices on Oct. 13 accused the ministry of pulling the plug on the UAL deal for one reason or another.@@@@1@37@@oe@2-2-2013
21421007@unknown@formal@none@1@S@Mr. Utsumi said the most the ministry had ever done was ask Japanese banks about "the status of their participation" in one previous U.S. leveraged buy-out.@@@@1@26@@oe@2-2-2013
21421008@unknown@formal@none@1@S@The ministry inquired about that deal -- which Mr. Utsumi declined to identify -- because the large presence of Japanese banks in the deal was "being strongly criticized in the U.S. Congress" and it was "necessary for us to grasp the situation."@@@@1@42@@oe@2-2-2013
21421009@unknown@formal@none@1@S@He said the inquiry wasn't made in a way that the banks could have interpreted as either encouraging or discouraging participation, and he added that none of the Japanese banks changed their posture on the deal as a result of the inquiry.@@@@1@42@@oe@2-2-2013
21421010@unknown@formal@none@1@S@Mr. Utsumi also said some Japanese banks were willing to participate in the UAL financing up to the very end, which would suggest at the very least that they weren't under orders to back out.@@@@1@35@@oe@2-2-2013
21421011@unknown@formal@none@1@S@In general, Mr. Utsumi said, Japanese banks are becoming more "independent" in their approach to overseas deals.@@@@1@17@@oe@2-2-2013
21421012@unknown@formal@none@1@S@"Each Japanese bank has its own judgment on the profits and risks in that {UAL} deal," he said.@@@@1@18@@oe@2-2-2013
21421013@unknown@formal@none@1@S@"They are becoming more independent.@@@@1@5@@oe@2-2-2013
21421014@unknown@formal@none@1@S@It's a sound phenomenon."@@@@1@4@@oe@2-2-2013
21421015@unknown@formal@none@1@S@Sanwa Bank Ltd. is one Japanese bank that decided not to participate in the first UAL proposal.@@@@1@17@@oe@2-2-2013
21421016@unknown@formal@none@1@S@A Sanwa Bank spokesman denied that the finance ministry played any part in the bank's decision.@@@@1@16@@oe@2-2-2013
21421017@unknown@formal@none@1@S@"We made our own decision," he said.@@@@1@7@@oe@2-2-2013
21421018@unknown@formal@none@1@S@Still, Mr. Utsumi may have a hard time convincing market analysts who have rightly or wrongly believed that the ministry played a role in orchestrating recent moves by Japanese banks.@@@@1@30@@oe@2-2-2013
21421019@unknown@formal@none@1@S@All week there has been much speculation in financial circles in Tokyo and abroad about the ministry's real position.@@@@1@19@@oe@2-2-2013
21421020@unknown@formal@none@1@S@Bank analysts say ministry officials have been growing increasingly concerned during the past few months about Japanese banks getting in over their heads.@@@@1@23@@oe@2-2-2013
21421021@unknown@formal@none@1@S@"The {ministry} thinks the banks don't know what they are doing, that they have very little idea how to cope with risk," said one foreign bank analyst who asked not to be identified.@@@@1@33@@oe@2-2-2013
21421022@unknown@formal@none@1@S@"The {ministry} wants to see the Japanese banks pull in their horns" on leveraged buy-outs, he added.@@@@1@17@@oe@2-2-2013
21421023@unknown@formal@none@1@S@Although some of the Japanese banks involved in the first proposed bid for UAL bowed out because they found the terms unattractive, observers here say they have a hard time believing that commercial considerations were the only reason.@@@@1@38@@oe@2-2-2013
21421024@unknown@formal@none@1@S@Japanese banks are under "political pressure" as well, the analyst said.@@@@1@11@@oe@2-2-2013
21421025@unknown@formal@none@1@S@Moreover, analysts point out that Japanese banks have a reputation for doing deals that aren't extremely profitable if they offer the chance to build market share, cement an important business relationship or curry favor with powerful bureaucrats.@@@@1@37@@oe@2-2-2013
21421026@unknown@formal@none@1@S@Clearly, some financial authorities are concerned about the Japanese banks role in leveraged buy-outs.@@@@1@14@@oe@2-2-2013
21421027@unknown@formal@none@1@S@At a news conference this week, Bank of Japan Gov. Satoshi Sumita cautioned banks to take a "prudent" stance regarding highly leveraged deals.@@@@1@23@@oe@2-2-2013
21421028@unknown@formal@none@1@S@Despite Mr. Sumita's statements, it is the Finance Ministry, not the central bank, that makes policy decisions.@@@@1@17@@oe@2-2-2013
21421029@unknown@formal@none@1@S@While recent events may cool some of the leveraged buy-out fever, Japanese banks aren't likely to walk away from the game.@@@@1@21@@oe@2-2-2013
21421030@unknown@formal@none@1@S@Despite the risks, the deals can be an attractive way for Japanese banks to increase their presence in the U.S. market, bank analysts say.@@@@1@24@@oe@2-2-2013
21421031@unknown@formal@none@1@S@Flush with cash at home, but with fewer customers to lend to, leading banks are eager to expand overseas.@@@@1@19@@oe@2-2-2013
21421032@unknown@formal@none@1@S@Jumping in on big deals is a high profile way to leapfrog the problem of not having a strong retail-banking network.@@@@1@21@@oe@2-2-2013
21422001@unknown@formal@none@1@S@France's national tobacco company, known for making brown-tobacco cigarettes such as Gauloises and Gitanes, is branching out.@@@@1@17@@oe@2-2-2013
21422002@unknown@formal@none@1@S@Concerned by dipping demand for its traditional products, it is moving not only into blonde cigarettes, but also into electronic car-parking payment cards to be sold in neighborhood tobacco stores.@@@@1@30@@oe@2-2-2013
21422003@unknown@formal@none@1@S@Brown tobacco in France is a more pungent, stronger grade than the lighter grade, or blonde tobacco, used in so-called American-style cigarettes.@@@@1@22@@oe@2-2-2013
21422004@unknown@formal@none@1@S@"We aren't Philip Morris Cos.," says Bertrand de Galle, chairman of government-owned Societe Nationale d'Exploitation Industrielle des Tabacs & Allumettes S.A., known as Seita.@@@@1@24@@oe@2-2-2013
21422005@unknown@formal@none@1@S@He says that because Seita's profits are limited by government-controlled cigarette prices, he doesn't have the cash to diversify as heavily into food and drink as the U.S. concern has done.@@@@1@31@@oe@2-2-2013
21422006@unknown@formal@none@1@S@(Last year, for example, Seita's net profit soared 150% to 461.6 million French francs ($73.5 million) on sales of FFr27.68 billion-a 1.7% profit margin.)@@@@1@24@@oe@2-2-2013
21422007@unknown@formal@none@1@S@Instead, he said in an interview, he is looking for ways to exploit France's network of 39,000 tobacco agents, most of them cafes.@@@@1@23@@oe@2-2-2013
21422008@unknown@formal@none@1@S@While Seita doesn't own the French tabacs, its close alliance with them offers distribution possibilities.@@@@1@15@@oe@2-2-2013
21422009@unknown@formal@none@1@S@One proposal is to introduce a new payment system for parking in Paris.@@@@1@13@@oe@2-2-2013
21422010@unknown@formal@none@1@S@Instead of paying for parking by putting money in the existing machines, which deliver little paper receipts, drivers would be able to buy electronic cards in local tobacco shops.@@@@1@29@@oe@2-2-2013
21422011@unknown@formal@none@1@S@Once activated, the card would sit in the car's window, showing traffic wardens how much time the motorist could remain.@@@@1@20@@oe@2-2-2013
21422012@unknown@formal@none@1@S@When the motorist returned to his car he could turn the card off and, if it showed time remaining, save it for later.@@@@1@23@@oe@2-2-2013
21422013@unknown@formal@none@1@S@Seita is a partner in the project, which was developed by Matra SA using Japanese technology.@@@@1@16@@oe@2-2-2013
21422014@unknown@formal@none@1@S@Seita and Matra currently are negotiating with city officials for the right to begin service.@@@@1@15@@oe@2-2-2013
21422015@unknown@formal@none@1@S@And Seita is considering further diversification.@@@@1@6@@oe@2-2-2013
21422016@unknown@formal@none@1@S@It wanted to buy RJR Nabisco Inc.'s French cracker subsidiary, Belin, in hopes of selling its products in tobacco stores, but lost the bidding to food group BSN SA.@@@@1@29@@oe@2-2-2013
21422017@unknown@formal@none@1@S@It currently is considering bidding for Swedish Match Co.@@@@1@9@@oe@2-2-2013
21422018@unknown@formal@none@1@S@And it retains an interest in acquiring candies and other articles that might be sold in tobacco shops.@@@@1@18@@oe@2-2-2013
21422019@unknown@formal@none@1@S@It also is trying to shore up its tobacco business.@@@@1@10@@oe@2-2-2013
21422020@unknown@formal@none@1@S@Brown-tobacco cigarettes such as Gauloises now make up just 40% of the French tobacco market, half the level of about two decades ago.@@@@1@23@@oe@2-2-2013
21422021@unknown@formal@none@1@S@While Seita retains a manufacturing monopoly in France, it is being hurt by rising imports and from waning cigarette demand.@@@@1@20@@oe@2-2-2013
21422022@unknown@formal@none@1@S@So Seita has introduced blonde cigarettes under the Gauloises label, and intends to relaunch the unsuccessful Gitanes Blondes in new packaging, similar to the slide-packs used by brown-tobacco Gitanes.@@@@1@29@@oe@2-2-2013
21422023@unknown@formal@none@1@S@The aim, says Mr. de Galle, is to win market share from imported cigarettes, and to persuade smokers who are switching to blonde cigarettes to keep buying French.@@@@1@28@@oe@2-2-2013
21423001@unknown@formal@none@1@S@When the Supreme Court upheld Missouri's abortion restrictions last July, the justices almost certainly didn't have drunk driving, trespassing and false imprisonment on their minds.@@@@1@25@@oe@2-2-2013
21423002@unknown@formal@none@1@S@But the 5-4 ruling may have had as much immediate impact on those activities -- especially trespassing -- as on abortion rights.@@@@1@22@@oe@2-2-2013
21423003@unknown@formal@none@1@S@The decision, Webster vs. Reproductive Health Services, illustrates how Supreme Court rulings often have a ripple effect, spreading into areas of law and policy that weren't part of the actual cases decided and that never were contemplated by the justices.@@@@1@40@@oe@2-2-2013
21423004@unknown@formal@none@1@S@In the Missouri case, unforeseen consequences may have arisen because the high court reinstated the preamble of the state's 1986 abortion law.@@@@1@22@@oe@2-2-2013
21423005@unknown@formal@none@1@S@The preamble says that human life begins at conception and that unborn children have rights protected by the Constitution.@@@@1@19@@oe@2-2-2013
21423006@unknown@formal@none@1@S@Last year, a federal appeals court in St. Louis said the preamble was unconstitutional, citing an earlier Supreme Court ruling that states can't justify stricter abortion curbs by changing the definition of when life begins.@@@@1@35@@oe@2-2-2013
21423007@unknown@formal@none@1@S@But the Supreme Court concluded that it was premature to rule on the constitutionality of the preamble because the definition of human life hadn't yet been used to restrict abortion services.@@@@1@31@@oe@2-2-2013
21423008@unknown@formal@none@1@S@The high court majority said it was up to the state courts for now to decide whether the definition has any bearing on other state laws.@@@@1@26@@oe@2-2-2013
21423009@unknown@formal@none@1@S@Already, local Missouri judges have relied on the restored preamble in two separate cases to throw out criminal trespass charges against anti-abortion demonstrators who blocked access to Reproductive Health Services, an abortion clinic in St. Louis.@@@@1@36@@oe@2-2-2013
21423010@unknown@formal@none@1@S@The protesters said their actions were justified by the desire to save the lives of unborn children.@@@@1@17@@oe@2-2-2013
21423011@unknown@formal@none@1@S@Under a 1981 Missouri law, persons accused of some crimes, including trespassing, may offer a defense that their actions were justified "as an emergency measure to avoid an imminent public or private injury."@@@@1@33@@oe@2-2-2013
21423012@unknown@formal@none@1@S@Relying on the preamble's statement that a fetus is an unborn child, the two St. Louis County Circuit Court judges in August accepted the justification that the abortion clinic protesters were trying to save lives.@@@@1@35@@oe@2-2-2013
21423013@unknown@formal@none@1@S@In another case, a protester, Ann O'Brien, was convicted of trespass before the Supreme Court's Webster ruling.@@@@1@17@@oe@2-2-2013
21423014@unknown@formal@none@1@S@Last week, when her appeal was argued before the Missouri Court of Appeals, her lawyer also relied on the preamble.@@@@1@20@@oe@2-2-2013
21423015@unknown@formal@none@1@S@"The effect of the Supreme Court Webster opinion is that it left room for grass to grow in the cracks of Roe vs. Wade, and I think this is one of the cracks," said Mark Belz, a St. Louis lawyer who represented Ms. O'Brien and the other St. Louis protesters.@@@@1@50@@oe@2-2-2013
21423016@unknown@formal@none@1@S@Roe vs. Wade was the Supreme Court's 1973 decision that recognized a woman's right to abortion.@@@@1@16@@oe@2-2-2013
21423017@unknown@formal@none@1@S@Mario Mandina, president of Kansas City Lawyers for Life, says that if abortion foes succeed in using the preamble to escape prosecution for trespass, "This will shut down abortion in Missouri.@@@@1@31@@oe@2-2-2013
21423018@unknown@formal@none@1@S@There's no risk to the protesters, and you can't keep an abortion clinic open if there are 3,000 people standing outside every day."@@@@1@23@@oe@2-2-2013
21423019@unknown@formal@none@1@S@That would be an ironic result of a case in which the Supreme Court expressly stopped short of overruling Roe vs. Wade.@@@@1@22@@oe@2-2-2013
21423020@unknown@formal@none@1@S@In two other cases, the possible consequences of the Supreme Court ruling appear even more unintended.@@@@1@16@@oe@2-2-2013
21423021@unknown@formal@none@1@S@In one, the lawyer for a 20-year-old resident of Columbia, Mo., who was charged with drunk driving, argued that his client should be treated as a 21-year-old adult because his actual age should be calculated from conception, not from birth.@@@@1@40@@oe@2-2-2013
21423022@unknown@formal@none@1@S@In Missouri, those caught drinking and driving between the ages of 16 and 21 may have their licenses revoked for one year, while those 21 or older suffer only a 30-day suspension.@@@@1@32@@oe@2-2-2013
21423023@unknown@formal@none@1@S@A Boone County judge rejected the motion, but Daniel Dodson, a Jefferson City lawyer, says he has appealed.@@@@1@18@@oe@2-2-2013
21423024@unknown@formal@none@1@S@And in a case filed in federal court in August, a lawyer is arguing that Missouri authorities are wrongfully imprisoning the fetus of a pregnant woman who is in jail for theft and forgery.@@@@1@34@@oe@2-2-2013
21424001@unknown@formal@none@1@S@In terms of sheer brutality, the Somali regime of Siad Barre may rank as No. 1 in the world.@@@@1@19@@oe@2-2-2013
21424002@unknown@formal@none@1@S@The only reason that Somalia remains in obscurity is numbers: a sparsely populated wasteland of 8.5 million people spread out over an expanse nearly the size of Texas.@@@@1@28@@oe@2-2-2013
21424003@unknown@formal@none@1@S@The Barre dictatorship simply is limited in the amount of people it can torture and kill.@@@@1@16@@oe@2-2-2013
21424004@unknown@formal@none@1@S@Beheading small children, stabbing elderly people to death, raping and shooting women, and burying people alive are just a few of the grisly activities that the Somali armed forces have been engaged in over the past two years.@@@@1@38@@oe@2-2-2013
21424005@unknown@formal@none@1@S@Up to 500,000 Somalis have escaped to the relative safety of Marxist Ethiopia because of the behavior of President Barre's troops.@@@@1@21@@oe@2-2-2013
21424006@unknown@formal@none@1@S@In the port of Berbera, for example, hundreds of men of the rival Issak clan were rounded up in May 1988, imprisoned, and then taken out at night in groups of five to 50 men to be executed without any judicial process whatsoever.@@@@1@43@@oe@2-2-2013
21424007@unknown@formal@none@1@S@Guns were never used: Each man was stabbed to death with a large knife.@@@@1@14@@oe@2-2-2013
21424008@unknown@formal@none@1@S@The horrific details are only now emerging from a painstakingly documented report, based on hundreds of interviews with randomly selected refugees.@@@@1@21@@oe@2-2-2013
21424009@unknown@formal@none@1@S@The study was done by Robert Gersony, a consultant to the U.S. State Department who has years of experience in investigating human-rights abuses on both sides of the left-right ideological divide.@@@@1@31@@oe@2-2-2013
21424010@unknown@formal@none@1@S@What gives these events particular significance, however, is the fact that they are part of a wider drama affecting the strategic positions of both the U.S. and the Soviet Union on the horn of Africa.@@@@1@35@@oe@2-2-2013
21424011@unknown@formal@none@1@S@Not since the late 1970s has the horn been so up for grabs as it has suddenly become in just the past few weeks.@@@@1@24@@oe@2-2-2013
21424012@unknown@formal@none@1@S@Mr. Barre's rule is crumbling fast.@@@@1@6@@oe@2-2-2013
21424013@unknown@formal@none@1@S@Mutinies wrack his armed forces (really just an armed gang), which control less than half the country.@@@@1@17@@oe@2-2-2013
21424014@unknown@formal@none@1@S@Inflation is at record levels.@@@@1@5@@oe@2-2-2013
21424015@unknown@formal@none@1@S@Desperate, he has called in the Libyans to help fight the rebels of the Somali National Movement in the north, which is only one of several groups picking away at the regime in the capital of Mogadishu.@@@@1@37@@oe@2-2-2013
21424016@unknown@formal@none@1@S@Seventy years old and a self-declared "scientific socialist," President Barre has a power base, composed only of his minority Mareham clan, that according to observers is "narrowing."@@@@1@27@@oe@2-2-2013
21424017@unknown@formal@none@1@S@The U.S.'s interest in Somalia consists of a single runway at the port of Berbera, which U.S. military aircraft have the right to use for surveillance of the Gulf of Aden and the Indian Ocean.@@@@1@35@@oe@2-2-2013
21424018@unknown@formal@none@1@S@That strip of concrete is backed up by a few one-story, air-conditioned shacks where a handful of American nationals -- buttressed by imported food, cold soft drinks and back issues of Sports Illustrated -- maintain radio contact with the outside world.@@@@1@41@@oe@2-2-2013
21424019@unknown@formal@none@1@S@In the past two years, the desert behind them has become a land of mass executions and utter anarchy, where, due to Mr. Barre's brutality and ineptitude, nobody is any longer in control.@@@@1@33@@oe@2-2-2013
21424020@unknown@formal@none@1@S@As long as the rival Soviet-backed regime of Mengistu Haile Mariam held a total gridlock over neighboring Ethiopia, the U.S. was forced to accept that lonely Berbera runway as a distant No. 2 to the Soviets' array of airfields next door.@@@@1@41@@oe@2-2-2013
21424021@unknown@formal@none@1@S@But due to dramatic events on the battlefield over the past few days and weeks, those Soviet bases may soon be as endangered and as lonely as the American runway.@@@@1@30@@oe@2-2-2013
21424022@unknown@formal@none@1@S@On Sept. 7, I wrote on these pages about the killing and capturing of 10,000 Ethiopian soldiers by Eritrean and Tigrean guerrillas.@@@@1@22@@oe@2-2-2013
21424023@unknown@formal@none@1@S@Recently, in Wollo province in the center of Ethiopia, Tigrean forces have killed, wounded and captured an additional 20,000 government troops.@@@@1@21@@oe@2-2-2013
21424024@unknown@formal@none@1@S@(Think what these numbers mean -- considering the headline space devoted to hundreds of deaths in Lebanon, a small country of little strategic importance!)@@@@1@24@@oe@2-2-2013
21424025@unknown@formal@none@1@S@Tigrean armies are now 200 miles north of Addis Ababa, threatening the town of Dese, which would cut off Mr. Mengistu's capital from the port of Assab, through which all fuel and other supplies reach Addis Ababa.@@@@1@37@@oe@2-2-2013
21424026@unknown@formal@none@1@S@As a result, Mr. Mengistu has been forced to transfer thousands of troops from Eritrea just to hold the town, thereby risking the loss of even more territory in Eritrea only to keep the Tigreans at bay.@@@@1@37@@oe@2-2-2013
21424027@unknown@formal@none@1@S@Mr. Mengistu is in an increasingly weak position: Half his army is tied down defending the northern city of Asmara from the Eritreans.@@@@1@23@@oe@2-2-2013
21424028@unknown@formal@none@1@S@The weaker he gets, the more he turns toward the U.S. for help.@@@@1@13@@oe@2-2-2013
21424029@unknown@formal@none@1@S@While the Tigreans are communists, like the Eritreans they are among the most anti-Soviet guerrillas in the world, having suffered more than a decade of aerial bombardment by the Soviet-supplied Mengistu air force.@@@@1@33@@oe@2-2-2013
21424030@unknown@formal@none@1@S@What this all means in shorthand is that Soviet dominance in Ethiopia is collapsing as fast as President Barre's regime in Somalia is.@@@@1@23@@oe@2-2-2013
21424031@unknown@formal@none@1@S@The U.S., therefore, has a historic opportunity both to strike a blow for human rights in Somalia and to undo the superpower flip-flop of the late 1970s on the Horn of Africa.@@@@1@32@@oe@2-2-2013
21424032@unknown@formal@none@1@S@Back to Somalia:@@@@1@3@@oe@2-2-2013
21424033@unknown@formal@none@1@S@The State Department, to its credit, has already begun distancing itself from Mr. Barre, evinced by its decision to publish the Gersony report (which the press has ignored).@@@@1@28@@oe@2-2-2013
21424034@unknown@formal@none@1@S@What's more, the U.S. has suspended $2.5 million in military aid and $1 million in economic aid.@@@@1@17@@oe@2-2-2013
21424035@unknown@formal@none@1@S@But this is not enough.@@@@1@5@@oe@2-2-2013
21424036@unknown@formal@none@1@S@Because the U.S. is still perceived to be tied to Mr. Barre, when he goes the runway could go too.@@@@1@20@@oe@2-2-2013
21424037@unknown@formal@none@1@S@Considering how tenuous the security of that runway is anyway, the better option -- both morally and strategically -- would be for the Bush administration to blast the regime publicly, in terms clear enough for all influential Somalis to understand.@@@@1@40@@oe@2-2-2013
21424038@unknown@formal@none@1@S@It is a certainty that Mr. Barre's days are numbered.@@@@1@10@@oe@2-2-2013
21424039@unknown@formal@none@1@S@The U.S. should take care, however, that its own position in the country does not go down with him.@@@@1@19@@oe@2-2-2013
21424040@unknown@formal@none@1@S@Nobody is sure what will come next in Somalia or whom the successor might be.@@@@1@15@@oe@2-2-2013
21424041@unknown@formal@none@1@S@But as one expert tells me: "Whoever it is will have to work pretty damn hard to be worse than Barre."@@@@1@21@@oe@2-2-2013
21424042@unknown@formal@none@1@S@While the State Department positions itself for the post-Barre period in Somalia, it should continue to back former President Carter's well-intentioned role as a mediator between Mr. Mengistu and the Eritrean guerrillas in Ethiopia, while concomitantly opening up channels of communications with the Tigrean rebels through neighboring Sudan.@@@@1@48@@oe@2-2-2013
21424043@unknown@formal@none@1@S@Ethiopian politics are the most sophisticated, secretive and Byzantine in all of black Africa.@@@@1@14@@oe@2-2-2013
21424044@unknown@formal@none@1@S@Remember that it took Mr. Mengistu many months, in what became known as the "creeping coup," to topple Emperor Haile Selassie in 1974 and 1975.@@@@1@25@@oe@2-2-2013
21424045@unknown@formal@none@1@S@There is simply no way to engineer a succession covertly, as is sometimes possible elsewhere on the continent.@@@@1@18@@oe@2-2-2013
21424046@unknown@formal@none@1@S@But the U.S. has one great advantage: The Soviets are universally loathed throughout Ethiopia for what they did to the country this past decade -- famine and all.@@@@1@28@@oe@2-2-2013
21424047@unknown@formal@none@1@S@It's not just in Eastern Europe where the march of events is finally on the U.S. side, but on the horn of Africa as well.@@@@1@25@@oe@2-2-2013
21424048@unknown@formal@none@1@S@The only U.S. liability in the region is what remains of the link to Mr. Barre, and that should be cut fast.@@@@1@22@@oe@2-2-2013
21424049@unknown@formal@none@1@S@Mr. Kaplan, author of "Surrender or Starve: The Wars Behind the Famine" (Westview Press, 1988), lives in Lisbon.@@@@1@18@@oe@2-2-2013
21425001@unknown@formal@none@1@S@Translant Inc., Rancho Cucamonga, Calif., got an $86 million Navy contract for missile-launch systems.@@@@1@14@@oe@2-2-2013
21425002@unknown@formal@none@1@S@General Electric Co. received a $30.6 million Air Force contract for MX-missile nose cones.@@@@1@14@@oe@2-2-2013
21425003@unknown@formal@none@1@S@Goodyear Tire & Rubber Co. was awarded a $19.1 million Army contract for armored-vehicle parts.@@@@1@15@@oe@2-2-2013
21425004@unknown@formal@none@1@S@Analytic Sciences Corp. was awarded a $10.1 million Air Force contract for technical support.@@@@1@14@@oe@2-2-2013
21426001@unknown@formal@none@1@S@McCormick Capital Inc. said the final proration factor was 0.628394 on its oversubscribed, $3-a-share tender offer to buy back as many as 1.1 million of its common shares.@@@@1@28@@oe@2-2-2013
21426002@unknown@formal@none@1@S@Payment will begin "as soon as Oct. 25," the company said.@@@@1@11@@oe@2-2-2013
21426003@unknown@formal@none@1@S@McCormick is a developer and manager of futures-investment limited partnerships.@@@@1@10@@oe@2-2-2013
21426004@unknown@formal@none@1@S@Through a separate agreement between Peter Dauchy, president, and a group of selling shareholders, the company said, Mr. Dauchy will on Oct. 30 buy 231,405 shares from the group, boosting his stake to about 717,000 shares, or 50.7% of the total after the buy-back.@@@@1@44@@oe@2-2-2013
21427001@unknown@formal@none@1@S@Canada's consumer price index rose a seasonally adjusted 0.2% in September from August, Statistics Canada, a federal agency, said.@@@@1@19@@oe@2-2-2013
21427002@unknown@formal@none@1@S@The rise followed boosts of 0.1% in August, 0.7% in July and 0.6% in June.@@@@1@15@@oe@2-2-2013
21428001@unknown@formal@none@1@S@OPEC's ability to produce more petroleum than it can sell is beginning to cast a shadow over world oil markets.@@@@1@20@@oe@2-2-2013
21428002@unknown@formal@none@1@S@Output from the Organization of Petroleum Exporting Countries is already at a high for the year and most member nations are running flat out.@@@@1@24@@oe@2-2-2013
21428003@unknown@formal@none@1@S@But industry and OPEC officials agree that a handful of members still have enough unused capacity to glut the market and cause an oil-price collapse a few months from now if OPEC doesn't soon adopt a new quota system to corral its chronic cheaters.@@@@1@44@@oe@2-2-2013
21428004@unknown@formal@none@1@S@As a result, the effort by some oil ministers to get OPEC to approve a new permanent production-sharing agreement next month is taking on increasing urgency.@@@@1@26@@oe@2-2-2013
21428005@unknown@formal@none@1@S@The organization is scheduled to meet in Vienna beginning Nov. 25.@@@@1@11@@oe@2-2-2013
21428006@unknown@formal@none@1@S@So far this year, rising demand for OPEC oil and production restraint by some members have kept prices firm despite rampant cheating by others.@@@@1@24@@oe@2-2-2013
21428007@unknown@formal@none@1@S@But that could change if demand for OPEC's oil softens seasonally early next year as some think may happen.@@@@1@19@@oe@2-2-2013
21428008@unknown@formal@none@1@S@OPEC is currently producing more than 22 million barrels a day, sharply above its nominal, self-imposed fourth-quarter ceiling of 20.5 million, according to OPEC and industry officials at an oil conference here sponsored by the Oil Daily and the International Herald Tribune.@@@@1@42@@oe@2-2-2013
21428009@unknown@formal@none@1@S@At that rate, a majority of OPEC's 13 members have reached their output limits, they said.@@@@1@16@@oe@2-2-2013
21428010@unknown@formal@none@1@S@But it is estimated that at least three million barrels a day -- and possibly as much as seven million barrels a day -- of spare capacity still exists within OPEC.@@@@1@31@@oe@2-2-2013
21428011@unknown@formal@none@1@S@Most is concentrated in five Persian Gulf countries, including his own, Issam Al-Chalabi, Iraq's oil minister, told the conference Friday.@@@@1@20@@oe@2-2-2013
21428012@unknown@formal@none@1@S@He puts OPEC's current capacity at 28 million to 29 million barrels a day.@@@@1@14@@oe@2-2-2013
21428013@unknown@formal@none@1@S@That's higher than some other estimates.@@@@1@6@@oe@2-2-2013
21428014@unknown@formal@none@1@S@Ali Khalifa Al-Sabah, Kuwait's oil minister, recently estimated OPEC capacity at 25 million barrels a day.@@@@1@16@@oe@2-2-2013
21428015@unknown@formal@none@1@S@Either way, the overhang is big enough to keep delicately balanced oil markets on edge.@@@@1@15@@oe@2-2-2013
21428016@unknown@formal@none@1@S@Even modest amounts of additional output by those with the huge extra capacity and reserves, such as Saudi Arabia and Iraq, could upset the market.@@@@1@25@@oe@2-2-2013
21428017@unknown@formal@none@1@S@The Iraqi oil minister and Saudi oil minister Hisham Nazer insisted in their comments to the conference that their countries would act responsibly to maintain a stable market.@@@@1@28@@oe@2-2-2013
21428018@unknown@formal@none@1@S@However, in interviews later, both ministers stressed that they expect future OPEC quotas to be based mainly on the production capacity and reserves of each member.@@@@1@26@@oe@2-2-2013
21428019@unknown@formal@none@1@S@Under that approach, countries with the most unused oil capacity would get bigger shares of any future increases in OPEC's production ceiling than they would under the current system.@@@@1@29@@oe@2-2-2013
21428020@unknown@formal@none@1@S@"If you are already producing at 95% or 100% of your capacity, what's the good to be told you can produce at 105% of capacity?" asked Mr. Al-Chalabi.@@@@1@28@@oe@2-2-2013
21428021@unknown@formal@none@1@S@At an inconclusive Geneva meeting late last month, OPEC's oil ministers halfheartedly approved another increase of one million barrels a day in their production ceiling.@@@@1@25@@oe@2-2-2013
21428022@unknown@formal@none@1@S@They doled it out using the existing formula, however, which meant that even those countries that couldn't produce more received higher official allotments.@@@@1@23@@oe@2-2-2013
21428023@unknown@formal@none@1@S@The main effect of the ceiling boost was to "legitimize" some of the overproduction already coming from the quota cheaters.@@@@1@20@@oe@2-2-2013
21428024@unknown@formal@none@1@S@Still, there was a breakthrough at Geneva.@@@@1@7@@oe@2-2-2013
21428025@unknown@formal@none@1@S@Previously, no OPEC member had been willing to accept a reduction in its percentage share of the group's total output target, or ceiling.@@@@1@23@@oe@2-2-2013
21428026@unknown@formal@none@1@S@But the concept of disproportionate quotas for those with unused capacity, advanced there in an Iranian proposal, was generally endorsed by the ministers.@@@@1@23@@oe@2-2-2013
21428027@unknown@formal@none@1@S@In the end politics got in the way.@@@@1@8@@oe@2-2-2013
21428028@unknown@formal@none@1@S@Libya accepted Iran's proposal only so long as it was promised production parity with Kuwait.@@@@1@15@@oe@2-2-2013
21428029@unknown@formal@none@1@S@And the United Arab Emirates, a chronic quota cheater, refused to give any guarantee it would change its ways.@@@@1@19@@oe@2-2-2013
21428030@unknown@formal@none@1@S@But the oil ministers continue to study the plan, and it will probably be the basis for discussion at next month's meeting.@@@@1@22@@oe@2-2-2013
21428031@unknown@formal@none@1@S@It's understood several compromises already have been worked into the plan.@@@@1@11@@oe@2-2-2013
21428032@unknown@formal@none@1@S@The ceiling would be lifted to 21.5 million barrels to provide Kuwait and the United Arab Emirates much higher official quotas while reducing percentage shares of some others.@@@@1@28@@oe@2-2-2013
21428033@unknown@formal@none@1@S@Libya's previous conditions are no longer considered a problem, although the United Arab Emirates is still an issue.@@@@1@18@@oe@2-2-2013
21428034@unknown@formal@none@1@S@Saudi Arabia, OPEC's kingpin, also has surfaced as a possible obstacle, some OPEC sources said.@@@@1@15@@oe@2-2-2013
21428035@unknown@formal@none@1@S@Insisting on a 24.5% share of any ceiling, Saudi officials have long pressed for the pro rata distribution of increases to all members.@@@@1@23@@oe@2-2-2013
21428036@unknown@formal@none@1@S@In Geneva, however, they supported Iran's proposal because it would have left the Saudi percentage of the OPEC total intact, and increased actual Saudi volume to nearly 5.3 million barrels daily from five million.@@@@1@34@@oe@2-2-2013
21428037@unknown@formal@none@1@S@Some of the proposed modifications since, however, call on Saudi Arabia to "give back" to the production-sharing pool a token 23,000 barrels.@@@@1@22@@oe@2-2-2013
21428038@unknown@formal@none@1@S@Though tiny, that's a reduction in its share.@@@@1@8@@oe@2-2-2013
21428039@unknown@formal@none@1@S@Mr. Nazer, the Saudi oil minister, reiterated here that the kingdom would insist on maintaining its percentage share of OPEC production under any quota revisions.@@@@1@25@@oe@2-2-2013
21428040@unknown@formal@none@1@S@"Under any circumstances, Saudi Arabia should get more" rather than less, Mr. Nazer said.@@@@1@14@@oe@2-2-2013
21429001@unknown@formal@none@1@S@In a blow to France's Rafale jet fighter, the French navy for the first time publicly stated its desire to buy 15 McDonnell Douglas Corp. F-18 Hornets to defend its aircraft carriers.@@@@1@32@@oe@2-2-2013
21429002@unknown@formal@none@1@S@The statement is likely to sharpen the debate within France's military establishment over the Rafale, which is made by Avions Marcel Dassault-Breguet Aviation SA.@@@@1@24@@oe@2-2-2013
21429003@unknown@formal@none@1@S@In an interview in the navy's official weekly magazine Cols Bleus, the navy's second-in-command, Adm. Yves Goupil, said the navy still intends to buy 86 Rafales as scheduled in the late 1990s and early 21st century.@@@@1@36@@oe@2-2-2013
21429004@unknown@formal@none@1@S@The air force is to take at least 250 more.@@@@1@10@@oe@2-2-2013
21429005@unknown@formal@none@1@S@Adm. Goupil said the navy can't wait until 1998, when the naval Rafale becomes available, to replace its obsolete fleet of American-made Crusaders, used since the 1950s to protect carriers from attack.@@@@1@32@@oe@2-2-2013
21429006@unknown@formal@none@1@S@Rather than renovate the Crusaders, which Dassault is proposing to do for around 1.8 billion French francs ($286.6 million), Adm. Goupil said the navy wants to buy used F-18s from the U.S. Navy.@@@@1@33@@oe@2-2-2013
21429007@unknown@formal@none@1@S@Officially, the statement isn't an attack on the Rafale.@@@@1@9@@oe@2-2-2013
21429008@unknown@formal@none@1@S@Adm. Goupil said that when the F-18s wear out, the navy is prepared to take Rafales to replace them.@@@@1@19@@oe@2-2-2013
21429009@unknown@formal@none@1@S@But unofficially, senior navy officials sharply criticize the Rafale as an air force plane ill-suited to carrier use.@@@@1@18@@oe@2-2-2013
21429010@unknown@formal@none@1@S@Although they never said so publicly, they have made no secret of their preference for the F-18 on operational grounds.@@@@1@20@@oe@2-2-2013
21429011@unknown@formal@none@1@S@Adm. Goupil's comments are likely to inflame the broader dispute within the military establishment here over the role of Dassault.@@@@1@20@@oe@2-2-2013
21429012@unknown@formal@none@1@S@Although government-controlled, Dassault still is run by the founder's son, Chairman Serge Dassault, who has fiercely protected his company's independence.@@@@1@20@@oe@2-2-2013
21429013@unknown@formal@none@1@S@The Rafale project is the result of France's inability jointly to develop a plane with other countries, and French officials question whether the state can continue paying for expensive independent programs.@@@@1@31@@oe@2-2-2013
21429014@unknown@formal@none@1@S@So far, Mr. Dassault has resisted pressure to change.@@@@1@9@@oe@2-2-2013
21429015@unknown@formal@none@1@S@What brought the naval issue to a head is that the Crusaders are literally falling apart, without any immediate plan to replace them.@@@@1@23@@oe@2-2-2013
21429016@unknown@formal@none@1@S@Adm. Goupil, a former Crusader squadron leader, said that the last other country to use Crusaders, the Philippines, retired its last ones two years ago.@@@@1@25@@oe@2-2-2013
21429017@unknown@formal@none@1@S@A French Crusader crash a few months ago heightened pressure for new planes here.@@@@1@14@@oe@2-2-2013
21429018@unknown@formal@none@1@S@Adm. Goupil rejected Dassault's proposal to renovate the Crusaders, saying the cost was impossible to estimate.@@@@1@16@@oe@2-2-2013
21429019@unknown@formal@none@1@S@Even modernized, he said, the Crusaders represent an obsolete and dangerous protection for the aircraft carriers France has sent to meet such crises as the wars in Lebanon and the Persian Gulf.@@@@1@32@@oe@2-2-2013
21429020@unknown@formal@none@1@S@Defense Minister Jean-Pierre Chevenement told a meeting of the Anglo-American Press Association that the question of modernizing the Crusaders or buying used F18s is a "political" decision that he will make in due time.@@@@1@34@@oe@2-2-2013
21430001@unknown@formal@none@1@S@THE SUPREME COURT ruling upholding Missouri's restrictive abortion law was Webster vs. Reproductive Health Services.@@@@1@15@@oe@2-2-2013
21430002@unknown@formal@none@1@S@The citation was misstated in Friday's edition.@@@@1@7@@oe@2-2-2013
21431001@unknown@formal@none@1@S@Spending by average Japanese households in August fell an adjusted 1.9% from a year earlier, the Statistics Bureau of the Prime Minister's Office said.@@@@1@24@@oe@2-2-2013
21431002@unknown@formal@none@1@S@The bureau cited typhoons in the month that discouraged shopping and leisure opportunities.@@@@1@13@@oe@2-2-2013
21431003@unknown@formal@none@1@S@Spending by Japanese households averaged 290,782 yen ($2,052.10) in August.@@@@1@10@@oe@2-2-2013
21431004@unknown@formal@none@1@S@In nominal terms it rose 0.6% from a year earlier before adjustment.@@@@1@12@@oe@2-2-2013
21431005@unknown@formal@none@1@S@August adjusted spending by wage-earning families was down 0.6% to 309,381 yen from a year earlier.@@@@1@16@@oe@2-2-2013
21431006@unknown@formal@none@1@S@The real income of wage-earning families in the month eased 1.2% to 438,845 yen from the previous year.@@@@1@18@@oe@2-2-2013
21432001@unknown@formal@none@1@S@For Cathay Pacific Airways, the smooth ride may be ending.@@@@1@10@@oe@2-2-2013
21432002@unknown@formal@none@1@S@The first signs of trouble came last month when the Hong Kong carrier, a subsidiary of Swire Pacific Ltd., posted a 5% drop in operating profit for the first six months and warned that margins will remain under pressure for the rest of the year.@@@@1@45@@oe@2-2-2013
21432003@unknown@formal@none@1@S@Securities analysts, many of whom scrapped their buy recommendations after seeing Cathay's interim figures, believe more jolts lie ahead.@@@@1@19@@oe@2-2-2013
21432004@unknown@formal@none@1@S@Fuel and personnel costs are rising, and tourism in and through Hong Kong remains clouded by China's turmoil since the June 4 killings in Beijing.@@@@1@25@@oe@2-2-2013
21432005@unknown@formal@none@1@S@In addition, delivery delays for the first two of as many as 28 Boeing 747-400s that the carrier has ordered have raised costs because personnel had been hired to man the planes.@@@@1@32@@oe@2-2-2013
21432006@unknown@formal@none@1@S@And tough competition in the air-freight market is cutting into an important sideline.@@@@1@13@@oe@2-2-2013
21432007@unknown@formal@none@1@S@There also is concern that once Hong Kong reverts to China's sovereignty in 1997, Cathay will be forced to play second fiddle to China's often-disparaged flag carrier, Civil Aviation Administration of China, or CAAC.@@@@1@34@@oe@2-2-2013
21432008@unknown@formal@none@1@S@"The sense is we would never be in a position again where everything works for us the way it did before," says Rod Eddington, Cathay's commercial director.@@@@1@27@@oe@2-2-2013
21432009@unknown@formal@none@1@S@Sarah Hall, an analyst at James Capel (Far East) Ltd., says there isn't much Cathay can do about rising costs for jet fuel, Hong Kong's tight labor market, or the strengthening of the local currency, which is pegged to the U.S. dollar.@@@@1@42@@oe@2-2-2013
21432010@unknown@formal@none@1@S@These factors are further complicated by the airline's push to transform itself from a regional carrier to an international one, Ms. Hall says.@@@@1@23@@oe@2-2-2013
21432011@unknown@formal@none@1@S@Ms. Hall expects Cathay's profit to grow around 13% annually this year and next.@@@@1@14@@oe@2-2-2013
21432012@unknown@formal@none@1@S@In 1988, it earned $2.82 billion Hong Kong (US$361.5 million) on revenue of HK$11.79 billion.@@@@1@15@@oe@2-2-2013
21432013@unknown@formal@none@1@S@Cathay is taking several steps to bolster business.@@@@1@8@@oe@2-2-2013
21432014@unknown@formal@none@1@S@One step is to beef up its fleet.@@@@1@8@@oe@2-2-2013
21432015@unknown@formal@none@1@S@In addition to aircraft from Boeing Co., Cathay announced earlier this year an order for as many as 20 Airbus A330-300s.@@@@1@21@@oe@2-2-2013
21432016@unknown@formal@none@1@S@The expansion, which could cost as much as US$5.7 billion over the next eight years, will expand the fleet to about 43 planes by 1991, up from 30 at the end of last year, according to Sun Hung Kai Securities Ltd.@@@@1@41@@oe@2-2-2013
21432017@unknown@formal@none@1@S@The fuel-efficient Airbus planes will be used largely to replace Cathay's aging fleet of Lockheed Tristars for regional flights, while the Boeing aircraft will be used on long-haul routes to Europe and North America.@@@@1@34@@oe@2-2-2013
21432018@unknown@formal@none@1@S@Cathay also is moving some of its labor-intensive data-processing operations outside Hong Kong.@@@@1@13@@oe@2-2-2013
21432019@unknown@formal@none@1@S@Fierce bidding for young employees in Hong Kong is pushing up Cathay's labor costs by 20% a year for low-level staff, while experienced, skilled employees are leaving the colony as part of the brain drain.@@@@1@35@@oe@2-2-2013
21432020@unknown@formal@none@1@S@Some jobs already have been moved to Australia, and there are plans to place others in Canada.@@@@1@17@@oe@2-2-2013
21432021@unknown@formal@none@1@S@David Bell, a spokesman for the airline, says the move is partly aimed at retaining existing staff who are leaving to secure foreign passports ahead of 1997.@@@@1@27@@oe@2-2-2013
21432022@unknown@formal@none@1@S@Cathay is working to promote Hong Kong as a destination worth visiting on its own merits, rather than just a stopover.@@@@1@21@@oe@2-2-2013
21432023@unknown@formal@none@1@S@Although the June 4 killings in Beijing have hurt its China flights, Cathay's other routes have retained high load factors.@@@@1@20@@oe@2-2-2013
21432024@unknown@formal@none@1@S@Mr. Eddington regards promoting Hong Kong as an important part of attracting visitors from Japan, South Korea and Taiwan, where the number of people looking to travel abroad has surged.@@@@1@30@@oe@2-2-2013
21432025@unknown@formal@none@1@S@There also has been speculation that Cathay will be among the major private-sector participants in the Hong Kong government's plans to build a new airport, with the carrier possibly investing in its own terminal.@@@@1@34@@oe@2-2-2013
21432026@unknown@formal@none@1@S@Cathay officials decline to comment on the speculation.@@@@1@8@@oe@2-2-2013
21432027@unknown@formal@none@1@S@Mr. Eddington sees alliances with other carriers -- particularly Cathay's recent link with AMR Corp.'s American Airlines -- as an important part of Cathay's strategy.@@@@1@25@@oe@2-2-2013
21432028@unknown@formal@none@1@S@But he emphasizes that Cathay hasn't any interest in swapping equity stakes with the U.S. carrier or with Lufthansa, the West German airline with which it has cooperated for about a decade.@@@@1@32@@oe@2-2-2013
21432029@unknown@formal@none@1@S@Analysts believe Cathay is approached for such swaps by other carriers on a regular basis, particularly as the popularity of share exchanges has grown among European carriers.@@@@1@27@@oe@2-2-2013
21432030@unknown@formal@none@1@S@"We think alliances are very important," Mr. Eddington says.@@@@1@9@@oe@2-2-2013
21432031@unknown@formal@none@1@S@"But we'd rather put funds into our own business rather than someone else's.@@@@1@13@@oe@2-2-2013
21432032@unknown@formal@none@1@S@I'm not sure cross-ownership would necessarily make things smoother."@@@@1@9@@oe@2-2-2013
21432033@unknown@formal@none@1@S@In a pattern it aims to copy in several key U.S. destinations, Cathay recently announced plans to serve San Francisco by flying into American Airlines' Los Angeles hub and routing continuing passengers onto a flight on the U.S. carrier.@@@@1@39@@oe@2-2-2013
21432034@unknown@formal@none@1@S@"We'll never have a big operation in the U.S., and they'll never have one as big as us in the Pacific," Mr. Eddington says.@@@@1@24@@oe@2-2-2013
21432035@unknown@formal@none@1@S@"But this way, American will coordinate good extensions to Boston, New York, Chicago and Dallas.@@@@1@15@@oe@2-2-2013
21432036@unknown@formal@none@1@S@We'll coordinate on this end to places like Bangkok, Singapore and Manila."@@@@1@12@@oe@2-2-2013
21432037@unknown@formal@none@1@S@Asian traffic, which currently accounts for 65% of Cathay's business, is expected to continue as the carrier's mainstay.@@@@1@18@@oe@2-2-2013
21432038@unknown@formal@none@1@S@Cathay has long stated its desire to double its weekly flights into China to 14, and it is applying to restart long-canceled flights into Vietnam.@@@@1@25@@oe@2-2-2013
21432039@unknown@formal@none@1@S@Further expansion into southern Europe is also possible, says Mr. Bell, the spokesman.@@@@1@13@@oe@2-2-2013
21432040@unknown@formal@none@1@S@While a large number of Hong Kong companies have reincorporated offshore ahead of 1997, such a move isn't an option for Cathay because it would jeopardize its landing rights in Hong Kong.@@@@1@32@@oe@2-2-2013
21432041@unknown@formal@none@1@S@And Mr. Eddington emphatically rules out a move to London: "Our lifeblood is Hong Kong traffic rights."@@@@1@17@@oe@2-2-2013
21432042@unknown@formal@none@1@S@He says the airline is putting its faith in the Sino-British agreement on Hong Kong's return to China.@@@@1@18@@oe@2-2-2013
21432043@unknown@formal@none@1@S@A special section dealing with aviation rights states that landing rights for Hong Kong's airlines, which include the smaller Hong Kong Dragon Airlines, will continue to be negotiated by Hong Kong's government.@@@@1@32@@oe@2-2-2013
21432044@unknown@formal@none@1@S@But critics fret that post-1997 officials ultimately will be responsible to Beijing.@@@@1@12@@oe@2-2-2013
21432045@unknown@formal@none@1@S@"My feeling is {Cathay doesn't} have a hope in the long run," says an analyst, who declines to be identified.@@@@1@20@@oe@2-2-2013
21432046@unknown@formal@none@1@S@"Cathay would love to keep going, but the general sense is they're going to have to do something."@@@@1@18@@oe@2-2-2013
21432047@unknown@formal@none@1@S@Mr. Eddington acknowledges that the carrier will have to evolve and adapt to local changes, but he feels that the Sino-British agreement is firm ground to build on for the foreseeable future.@@@@1@32@@oe@2-2-2013
21432048@unknown@formal@none@1@S@"We're confident that it protects our route structure," he says, "and our ability to grow and prosper.@@@@1@17@@oe@2-2-2013
21433001@unknown@formal@none@1@S@Falcon Cable Systems Co. said it proposed an amendment that would allow it to increase its debt cap to 65% of the company's fair market value from the 40% currently allowed.@@@@1@31@@oe@2-2-2013
21433002@unknown@formal@none@1@S@Falcon, a limited partnership, said it wanted the increase in order to continue its $2.15-per-unit annual payment, and for expansion and acquisitions.@@@@1@22@@oe@2-2-2013
21433003@unknown@formal@none@1@S@A spokesman for the company said a meeting would be held for shareholders to vote on the amendment before year's end.@@@@1@21@@oe@2-2-2013
21434001@unknown@formal@none@1@S@Friday, October 20, 1989@@@@1@4@@oe@2-2-2013
21434002@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
21434003@unknown@formal@none@1@S@PRIME RATE: 10 1/2%.@@@@1@4@@oe@2-2-2013
21434004@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
21434005@unknown@formal@none@1@S@FEDERAL FUNDS: 8 3/4% high, 8 5/8% low, 8 11/16% near closing bid, 8 3/4% offered.@@@@1@16@@oe@2-2-2013
21434006@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
21434007@unknown@formal@none@1@S@Source: Fulton Prebon (U.S.A.) Inc.@@@@1@5@@oe@2-2-2013
21434008@unknown@formal@none@1@S@DISCOUNT RATE: 7%.@@@@1@3@@oe@2-2-2013
21434009@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
21434010@unknown@formal@none@1@S@CALL MONEY: 9 3/4% to 10%.@@@@1@6@@oe@2-2-2013
21434011@unknown@formal@none@1@S@The charge on loans to brokers on stock exchange collateral.@@@@1@10@@oe@2-2-2013
21434012@unknown@formal@none@1@S@COMMERCIAL PAPER placed directly by General Motors Acceptance Corp.: 8.50% 15 to 44 days; 8.25% 45 to 72 days; 8.375% 73 to 96 days; 8.125% 97 to 119 days; 8% 120 to 149 days; 7.875% 150 to 179 days; 7.50% 180 to 270 days.@@@@1@44@@oe@2-2-2013
21434013@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; 8.45% 60 days; 8.40% 90 days.@@@@1@24@@oe@2-2-2013
21434014@unknown@formal@none@1@S@CERTIFICATES OF DEPOSIT: 8.05% one month; 8.02% two months; 8% three months; 7.98% six months; 7.95% one year.@@@@1@18@@oe@2-2-2013
21434015@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
21434016@unknown@formal@none@1@S@The minimum unit is $100,000.@@@@1@5@@oe@2-2-2013
21434017@unknown@formal@none@1@S@Typical rates in the secondary market: 8.55% one month; 8.50% three months; 8.40% six months.@@@@1@15@@oe@2-2-2013
21434018@unknown@formal@none@1@S@BANKERS ACCEPTANCES: 8.45% 30 days; 8.33% 60 days; 8.32% 90 days; 8.15% 120 days; 8.06% 150 days; 7.96% 180 days.@@@@1@20@@oe@2-2-2013
21434019@unknown@formal@none@1@S@Negotiable, bank-backed business credit instruments typically financing an import order.@@@@1@10@@oe@2-2-2013
21434020@unknown@formal@none@1@S@LONDON LATE EURODOLLARS: 8 11/16% to 8 9/16% one month; 8 11/16% to 8 9/16% two months; 8 11/16% to 8 9/16% three months; 8 5/8% to 8 1/2% four months; 8 9/16% to 8 7/16% five months; 8 1/2% to 8 3/8% six months.@@@@1@45@@oe@2-2-2013
21434021@unknown@formal@none@1@S@LONDON INTERBANK OFFERED RATES (LIBOR): 8 3/4% one month; 8 11/16% three months; 8 9/16% six months; 8 1/2% one year.@@@@1@21@@oe@2-2-2013
21434022@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
21434023@unknown@formal@none@1@S@FOREIGN PRIME RATES: Canada 13.50%; Germany 8.50%; Japan 4.875%; Switzerland 8.50%; Britain 15%.@@@@1@13@@oe@2-2-2013
21434024@unknown@formal@none@1@S@These rate indications aren't directly comparable; lending practices vary widely by location.@@@@1@12@@oe@2-2-2013
21434025@unknown@formal@none@1@S@TREASURY BILLS: Results of the Monday, October 16, 1989, auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $1 million: 7.37% 13 weeks; 7.42% 26 weeks.@@@@1@35@@oe@2-2-2013
21434026@unknown@formal@none@1@S@FEDERAL HOME LOAN MORTGAGE CORP. (Freddie Mac): Posted yields on 30-year mortgage commitments for delivery within 30 days. 9.84%, standard conventional fixed-rate mortgages; 7.875%, 2% rate capped one-year adjustable rate mortgages.@@@@1@31@@oe@2-2-2013
21434027@unknown@formal@none@1@S@Source: Telerate Systems Inc.@@@@1@4@@oe@2-2-2013
21434028@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) 9.78%, standard conventional fixed-rate mortgages; 8.75%, 6/2 rate capped one-year adjustable rate mortgages.@@@@1@34@@oe@2-2-2013
21434029@unknown@formal@none@1@S@Source: Telerate Systems Inc.@@@@1@4@@oe@2-2-2013
21434030@unknown@formal@none@1@S@MERRILL LYNCH READY ASSETS TRUST: 8.52%.@@@@1@6@@oe@2-2-2013
21434031@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
21435001@unknown@formal@none@1@S@In the hard-hit Marina neighborhood, life after the earthquake is often all too real, but sometimes surreal.@@@@1@17@@oe@2-2-2013
21435002@unknown@formal@none@1@S@Some scenes: -- Saturday morning, a resident was given 15 minutes to scurry into a sagging building and reclaim what she could of her life's possessions.@@@@1@26@@oe@2-2-2013
21435003@unknown@formal@none@1@S@Saturday night she dined in an emergency shelter on salmon steaks prepared by chefs from one of the city's four-star restaurants.@@@@1@21@@oe@2-2-2013
21435004@unknown@formal@none@1@S@-- Mayor Art Agnos stands in the glare of television lights trying to explain for the 20th time why the city is severely restricting access to badly damaged structures.@@@@1@29@@oe@2-2-2013
21435005@unknown@formal@none@1@S@A couple in fashionable spandex warm-up suits jogs by, headphones jauntily in place, weaving their way along a street of fractured and fallen houses.@@@@1@24@@oe@2-2-2013
21435006@unknown@formal@none@1@S@At a nearby corner, they swerve perilously close to a listing apartment house, oblivious to any danger.@@@@1@17@@oe@2-2-2013
21435007@unknown@formal@none@1@S@A policeman shakes his head in amazement as he steers them away.@@@@1@12@@oe@2-2-2013
21435008@unknown@formal@none@1@S@-- A young woman who has been out of town shows up at the Marina Middle School to learn that her apartment is on the condemned list.@@@@1@27@@oe@2-2-2013
21435009@unknown@formal@none@1@S@She is told she can't enter unless she is accompanied by an inspector.@@@@1@13@@oe@2-2-2013
21435010@unknown@formal@none@1@S@She bursts into tears and walks away.@@@@1@7@@oe@2-2-2013
21435011@unknown@formal@none@1@S@Nearby, five temporary residents of the school shelter sit on stools, having their necks and backs kneaded by volunteer masseuses.@@@@1@20@@oe@2-2-2013
21435012@unknown@formal@none@1@S@The Marina rescue center offered a very San Franciscan response to the disaster.@@@@1@13@@oe@2-2-2013
21435013@unknown@formal@none@1@S@In addition to free massages, there was free counseling, phone calls and a free shuttle bus to a health club, which offered up its showers, saunas and hot tubs.@@@@1@29@@oe@2-2-2013
21435014@unknown@formal@none@1@S@The cafeteria offered donated croissants and brie for breakfast, and for dinner, pasta salad and chocolate mousse torts along with the salmon.@@@@1@22@@oe@2-2-2013
21435015@unknown@formal@none@1@S@"This has been a 15-pound earthquake for me," said resident Joan O'Shea, who works in an acupuncturist's office.@@@@1@18@@oe@2-2-2013
21435016@unknown@formal@none@1@S@She and some friends are considering offering earthquake victims free yoga classes and "aroma therapy" -- massages with scented oils.@@@@1@20@@oe@2-2-2013
21435017@unknown@formal@none@1@S@She finds the response of Marina residents -- primarily yuppies and elderly people -- to the devastation of their homes "incredible.@@@@1@21@@oe@2-2-2013
21435018@unknown@formal@none@1@S@People have been very respectful of each other.@@@@1@8@@oe@2-2-2013
21435019@unknown@formal@none@1@S@I don't know if this would have happened somewhere else."@@@@1@10@@oe@2-2-2013
21435020@unknown@formal@none@1@S@Out on the streets, some residents of badly damaged buildings were allowed a 15-minute scavenger hunt through their possessions.@@@@1@19@@oe@2-2-2013
21435021@unknown@formal@none@1@S@"It's so weird to have to decide what's really important to you," said Barbara May.@@@@1@15@@oe@2-2-2013
21435022@unknown@formal@none@1@S@She went first for personal mementos.@@@@1@6@@oe@2-2-2013
21435023@unknown@formal@none@1@S@In post-earthquake parlance, her building is a "red."@@@@1@8@@oe@2-2-2013
21435024@unknown@formal@none@1@S@After being inspected, buildings with substantial damage were color-coded.@@@@1@9@@oe@2-2-2013
21435025@unknown@formal@none@1@S@Green allowed residents to re-enter; yellow allowed limited access; red allowed residents one last entry to gather everything they could within 15 minutes.@@@@1@23@@oe@2-2-2013
21435026@unknown@formal@none@1@S@Reds and yellows went about their business with a kind of measured grimness.@@@@1@13@@oe@2-2-2013
21435027@unknown@formal@none@1@S@Some frantically dumped belongings into pillowcases, others threw goods out windows.@@@@1@11@@oe@2-2-2013
21435028@unknown@formal@none@1@S@It didn't help that on Saturday, after three days of sunshine, it rained.@@@@1@13@@oe@2-2-2013
21435029@unknown@formal@none@1@S@"The guys are going for their skis, their stereos, their personal computers," said Frank Fitzgerald, who helped others empty their apartments.@@@@1@21@@oe@2-2-2013
21435030@unknown@formal@none@1@S@"The women wanted photo albums, a certain brooch, kind of sentimental things."@@@@1@12@@oe@2-2-2013
21435031@unknown@formal@none@1@S@He showed an unbroken, still-ticking pocket watch that he retrieved for one woman.@@@@1@13@@oe@2-2-2013
21435032@unknown@formal@none@1@S@It belonged to her grandfather.@@@@1@5@@oe@2-2-2013
21435033@unknown@formal@none@1@S@Some residents defied orders and returned to "red" buildings to retrieve goods.@@@@1@12@@oe@2-2-2013
21435034@unknown@formal@none@1@S@One building was upgraded to red status while people were taking things out, and a resident who wasn't allowed to go back inside called up the stairs to his girlfriend, telling her to keep sending things down to the lobby.@@@@1@40@@oe@2-2-2013
21435035@unknown@formal@none@1@S@A policewoman had to be called in to make her leave; the policewoman helped carry out one last load.@@@@1@19@@oe@2-2-2013
21435036@unknown@formal@none@1@S@Enforcement of restricted-entry rules was sporadic, residents said.@@@@1@8@@oe@2-2-2013
21435037@unknown@formal@none@1@S@One man trying to remove his car was told by officials to get out of his garage.@@@@1@17@@oe@2-2-2013
21435038@unknown@formal@none@1@S@When he sneaked back later to try again, a different policeman offered to help him get the car out.@@@@1@19@@oe@2-2-2013
21435039@unknown@formal@none@1@S@The Marina also has become the focal point of city efforts to reunite residents with any pets that may have fled or become lost during the earthquake.@@@@1@27@@oe@2-2-2013
21435040@unknown@formal@none@1@S@On lampposts along Fillmore Street, a major Marina artery, posters were offering a $100 reward for a cat lost during the quake.@@@@1@22@@oe@2-2-2013
21435041@unknown@formal@none@1@S@The San Francisco Society for the Prevention of Cruelty to Animals also has been providing medical care, food, water and foster homes for quake-displaced animals.@@@@1@25@@oe@2-2-2013
21435042@unknown@formal@none@1@S@The SPCA says it has received more than 100 requests for foster homes on behalf of dogs and cats, though some people have sought temporary homes for birds and fish.@@@@1@30@@oe@2-2-2013
21435043@unknown@formal@none@1@S@For example, one parakeet owner returning home found that her apartment, like many others in the Marina, didn't have heat.@@@@1@20@@oe@2-2-2013
21435044@unknown@formal@none@1@S@"She can stay there with no heat, but for a parakeet, that can be deadly," says Daralee Konowitch, animalcare services manager for the SPCA.@@@@1@24@@oe@2-2-2013
21435045@unknown@formal@none@1@S@A warm foster home has been found.@@@@1@7@@oe@2-2-2013
21436001@unknown@formal@none@1@S@The neighborhood around Alexander Haagen Co.'s Vermont-Slauson Shopping Center in the Watts section of Los Angeles resembles the crime-ridden, deteriorating sections of many inner cities and certainly isn't the sort of area one would choose to visit.@@@@1@37@@oe@2-2-2013
21436002@unknown@formal@none@1@S@But turn into the shopping center's parking lot, and one could be in the safe, busy mall of a prosperous suburb.@@@@1@21@@oe@2-2-2013
21436003@unknown@formal@none@1@S@Only it is safer, and busier.@@@@1@6@@oe@2-2-2013
21436004@unknown@formal@none@1@S@Over the past year there have been only one burglary, three thefts of or from autos, no purse-snatchings, and one attempted robbery in the mall, which opened in late 1981.@@@@1@30@@oe@2-2-2013
21436005@unknown@formal@none@1@S@A shopping center of similar size in an affluent Los Angeles suburb would, per year, be expected to have eight burglaries, 70 thefts of or from autos, and four robberies.@@@@1@30@@oe@2-2-2013
21436006@unknown@formal@none@1@S@The Watts mall has annual sales of more than $350 per leasable square foot; the figure for a comparable suburban shopping center would be $200.@@@@1@25@@oe@2-2-2013
21436007@unknown@formal@none@1@S@Three other Haagen shopping centers in the Watts area are doing almost as well.@@@@1@14@@oe@2-2-2013
21436008@unknown@formal@none@1@S@A successful low-crime mall in a high-crime area violates the more typical inner-city pattern, in which commercial areas are taken over by unruly youth, gangs, and the criminal element, with an erosion of the customer base, development capital, and insurability.@@@@1@40@@oe@2-2-2013
21436009@unknown@formal@none@1@S@Major regional and national chain stores are replaced by mom-and-pop operations offering poorer-quality merchandise at higher prices.@@@@1@17@@oe@2-2-2013
21436010@unknown@formal@none@1@S@Along with the exodus of shopping opportunities is an exodus of the jobs that the major chains used to provide to community residents.@@@@1@23@@oe@2-2-2013
21436011@unknown@formal@none@1@S@Thus there is even more to the Vermont-Slauson Center than a good place to shop.@@@@1@15@@oe@2-2-2013
21436012@unknown@formal@none@1@S@This defensible commercial zone becomes, for the residents, a secure oasis in a barren urban landscape, evidence that community decay is not inevitable and that the gangs are not invincible.@@@@1@30@@oe@2-2-2013
21436013@unknown@formal@none@1@S@The center improves the community image to outsiders as well, and may help to arrest, or even reverse, the exodus of capital and investment.@@@@1@24@@oe@2-2-2013
21436014@unknown@formal@none@1@S@An additional benefit is the creation of jobs.@@@@1@8@@oe@2-2-2013
21436015@unknown@formal@none@1@S@This starts in the construction phase through the use of minority contractors and local workers.@@@@1@15@@oe@2-2-2013
21436016@unknown@formal@none@1@S@It continues through the life of the center; the Vermont-Slauson Center has created 500 permanent private-sector jobs at a one-time cost in public funds of only $2,500 per job.@@@@1@29@@oe@2-2-2013
21436017@unknown@formal@none@1@S@As many of these jobs are filled by local residents, who move from the welfare rolls to the tax rolls, the $2,500-per-job public investment should repay itself in a few years.@@@@1@31@@oe@2-2-2013
21436018@unknown@formal@none@1@S@And that is before consideration of increased state and local revenues from taxes and fees on sales, real estate, licenses and the like.@@@@1@23@@oe@2-2-2013
21436019@unknown@formal@none@1@S@Profits are also plowed back into the community; the non-profit Vermont-Slauson Economic Development Corp. receives 60% of the profits from the Vermont-Slauson Center and uses the money to provide moderate and low-cost housing in the community -- now running into the hundreds of units -- as well as commercial and industrial development projects.@@@@1@53@@oe@2-2-2013
21436020@unknown@formal@none@1@S@Bradford Crowe, director of the mayor's City Economic Development Office, says: "There is no question that Vermont-Slauson had a halo effect on the surrounding neighborhood.@@@@1@25@@oe@2-2-2013
21436021@unknown@formal@none@1@S@What had been a deteriorated area with nothing but wig shops and shoe shops is now experiencing a major upgrading in the housing and commercial stock, thanks to a continuously replenished source of revitalization capital that Vermont-Slauson yields."@@@@1@38@@oe@2-2-2013
21436022@unknown@formal@none@1@S@Another benefit is that substantial percentages of the proprietors in these centers are minority businessmen and women.@@@@1@17@@oe@2-2-2013
21436023@unknown@formal@none@1@S@In the Grand Boulevard Plaza developed by Matanky Realty Group in Chicago's Third Ward, opposite the Robert Taylor Homes, 29% of the stores to date have been leased to blacks and 14% to members of other minority groups.@@@@1@38@@oe@2-2-2013
21436024@unknown@formal@none@1@S@Children from the community will have worthier role models than the drug kingpins.@@@@1@13@@oe@2-2-2013
21436025@unknown@formal@none@1@S@So what's the catch?@@@@1@4@@oe@2-2-2013
21436026@unknown@formal@none@1@S@Primarily that putting one of these inner-city deals together takes time, patience, breadth of vision and negotiating skills that not all developers possess.@@@@1@23@@oe@2-2-2013
21436027@unknown@formal@none@1@S@Security costs are also quite high.@@@@1@6@@oe@2-2-2013
21436028@unknown@formal@none@1@S@One of these centers can involve years of negotiating with numerous public agencies, local political leaders, and citizen groups, and with prospective tenants and sources of financing.@@@@1@27@@oe@2-2-2013
21436029@unknown@formal@none@1@S@Suburban deals are not without their delays and complications -- inner-city deals just have more of them.@@@@1@17@@oe@2-2-2013
21436030@unknown@formal@none@1@S@Security at a typical Haagen inner-city center is impressive, but unobtrusive.@@@@1@11@@oe@2-2-2013
21436031@unknown@formal@none@1@S@The entire site is enclosed by a 6-to-8-foot-high ornamental iron fence with a small number of remote-controlled gates.@@@@1@18@@oe@2-2-2013
21436032@unknown@formal@none@1@S@Shrubs and flowers give it a pleasing and non-fortress-like appearance.@@@@1@10@@oe@2-2-2013
21436033@unknown@formal@none@1@S@Infrared motion detectors and closed-circuit TV cameras monitor the entire center; lighting levels are three to five times the industry standard.@@@@1@21@@oe@2-2-2013
21436034@unknown@formal@none@1@S@The security command post, camouflaged as second-story retail space, has its own "crow's nest" above the roofs of the other buildings, with a panoramic view of the entire center.@@@@1@29@@oe@2-2-2013
21436035@unknown@formal@none@1@S@Local law enforcement is present in a sub-station occupying space donated by the center.@@@@1@14@@oe@2-2-2013
21436036@unknown@formal@none@1@S@These features are also used in Matanky Realty Group's Grand Boulevard Plaza.@@@@1@12@@oe@2-2-2013
21436037@unknown@formal@none@1@S@Haagen has its own large security force of well-trained and well-paid personnel on round-the-clock duty at each center.@@@@1@18@@oe@2-2-2013
21436038@unknown@formal@none@1@S@Security is 60% to 70% of the common area charges of these centers, vs. an industry average of about 15%.@@@@1@20@@oe@2-2-2013
21436039@unknown@formal@none@1@S@These security costs are kept off-budget because the centers' site acquisition, construction, and financing costs were reduced by such programs as Urban Development Action Grants, Economic Development Administration Grants, Community Development Block Grants, tax-free Industrial Development Bonds, Enterprise Zone tax write-offs, city infrastructure grants, and tax increment financing.@@@@1@48@@oe@2-2-2013
21436040@unknown@formal@none@1@S@Many of these programs no longer exist, or have been severely cut back.@@@@1@13@@oe@2-2-2013
21436041@unknown@formal@none@1@S@However, since these centers appear to pay for themselves, there is nothing to prevent state and local governments from enacting legislation with similar provisions.@@@@1@24@@oe@2-2-2013
21436042@unknown@formal@none@1@S@Many states already have Enterprise Zones and legislation that combines tax incentives, loans, and grants to encourage investment in depressed areas with requirements for the hiring of the unemployed and minorities.@@@@1@31@@oe@2-2-2013
21436043@unknown@formal@none@1@S@These programs could be expanded to focus on funds for project planning, identifying sources of funds, and for acquiring a site and preparing it.@@@@1@24@@oe@2-2-2013
21436044@unknown@formal@none@1@S@Combatting crime and the fear of it in inner-city commercial areas should give Enterprise Zones more success than most have enjoyed to date.@@@@1@23@@oe@2-2-2013
21436045@unknown@formal@none@1@S@With many suburban areas basically overbuilt with shopping centers, inner-city areas may represent a major new untapped market for investment.@@@@1@20@@oe@2-2-2013
21436046@unknown@formal@none@1@S@New approaches to mall design and operation make it possible to tap these markets.@@@@1@14@@oe@2-2-2013
21436047@unknown@formal@none@1@S@If the risks and rewards are reasonable, developers will respond.@@@@1@10@@oe@2-2-2013
21436048@unknown@formal@none@1@S@Government officials who wonder how important it is for them to encourage development in high-risk areas should visit Vermont-Slauson and Grand Boulevard Plaza and decide for themselves.@@@@1@27@@oe@2-2-2013
21436049@unknown@formal@none@1@S@The answer will be obvious.@@@@1@5@@oe@2-2-2013
21436050@unknown@formal@none@1@S@Mr. Titus is a researcher at the Justice Department's National Institute of Justice.@@@@1@13@@oe@2-2-2013
21437001@unknown@formal@none@1@S@ATHLONE INDUSTRIES Inc. said that on Dec. 21 it will redeem $10 million face amount of its $59.3 million of 15.625% subordinated notes outstanding, due June 1, 1991.@@@@1@28@@oe@2-2-2013
21437002@unknown@formal@none@1@S@For each $1,000 of notes, the maker of specialty metals, industrial fasteners and consumer products will pay $1,026.46 plus $8.68 of interest accrued from Dec. 1.@@@@1@26@@oe@2-2-2013
21437003@unknown@formal@none@1@S@The company will notify holders of the notes to be redeemed.@@@@1@11@@oe@2-2-2013
21437004@unknown@formal@none@1@S@Manufacturers Hanover Trust Co. is redemption agent.@@@@1@7@@oe@2-2-2013
21438001@unknown@formal@none@1@S@One company recently was listed on the New York Stock Exchange, and another will join the Big Board from the over-the-counter market this week.@@@@1@24@@oe@2-2-2013
21438002@unknown@formal@none@1@S@Putnam Investment Grade Municipal Trust, Boston, was listed with the symbol PGM.@@@@1@12@@oe@2-2-2013
21438003@unknown@formal@none@1@S@The new closed-end management investment company trades shares of beneficial interest.@@@@1@11@@oe@2-2-2013
21438004@unknown@formal@none@1@S@It invests primarily in tax-exempt municipal securities.@@@@1@7@@oe@2-2-2013
21438005@unknown@formal@none@1@S@Hibernia Corp., a New Orleans bank holding company, will join the Big Board Thursday under HIB.@@@@1@16@@oe@2-2-2013
21438006@unknown@formal@none@1@S@Three companies began trading over the counter.@@@@1@7@@oe@2-2-2013
21438007@unknown@formal@none@1@S@Exabyte Corp., a Boulder, Colo., maker of high-capacity tape cartridge systems used to back up computer disk drives, started OTC trading with the symbol EXBT.@@@@1@25@@oe@2-2-2013
21438008@unknown@formal@none@1@S@Rally's Inc., a Louisville, Ky., restaurant franchisor, started trading under RLLY.@@@@1@11@@oe@2-2-2013
21438009@unknown@formal@none@1@S@Sierra Tucson Cos., Tucson, Ariz., started trading under STSN.@@@@1@9@@oe@2-2-2013
21438010@unknown@formal@none@1@S@It operates various types of addiction-treatment facilities.@@@@1@7@@oe@2-2-2013
21438011@unknown@formal@none@1@S@Separately, on the Pacific Stock Exchange, put and call options on the common stock of Aldus Corp. started trading.@@@@1@19@@oe@2-2-2013
21438012@unknown@formal@none@1@S@Aldus, Seattle, makes computer software products.@@@@1@6@@oe@2-2-2013
21438013@unknown@formal@none@1@S@Options give a holder the right, but not the obligation, to buy or sell a security at a set price within a set period of time.@@@@1@26@@oe@2-2-2013
21439001@unknown@formal@none@1@S@Dow Chemical Co. said its Destec Energy Inc. unit has agreed to buy PSE Inc., a Houston energy company, in a deal valued at about $115 million.@@@@1@27@@oe@2-2-2013
21439002@unknown@formal@none@1@S@Dow, of Midland, Mich., said its unit will begin by Thursday a tender offer of $12.25 a share for all PSE common shares outstanding.@@@@1@24@@oe@2-2-2013
21439003@unknown@formal@none@1@S@Among other conditions, the offer depends on the Dow unit acquiring at least 66 2/3% of the PSE shares outstanding, the companies said in a joint statement Friday.@@@@1@28@@oe@2-2-2013
21439004@unknown@formal@none@1@S@PSE has about 9.2 million shares outstanding.@@@@1@7@@oe@2-2-2013
21439005@unknown@formal@none@1@S@The company said the approximately $115 million acquisition price includes its total $33 million of long-term debt outstanding.@@@@1@18@@oe@2-2-2013
21439006@unknown@formal@none@1@S@Dow said it already has agreements with Albert J. Smith Jr., chairman and chief executive officer of PSE, and certain other officers of the company under which Dow may buy about 40% of the PSE common shares outstanding.@@@@1@38@@oe@2-2-2013
21439007@unknown@formal@none@1@S@PSE is a designer and operator of energy-cogeneration facilities and had 1988 sales of $234 million.@@@@1@16@@oe@2-2-2013
21439008@unknown@formal@none@1@S@The company is owner and operator, or an equity partner, in six cogeneration facilities -- two in Texas and four in California.@@@@1@22@@oe@2-2-2013
21439009@unknown@formal@none@1@S@The company said recently it expects third-quarter earnings will be in range from $1.3 million to $1.7 million, or 14 cents to 18 cents a share, compared with $326,000, or four cents a share, a year ago.@@@@1@37@@oe@2-2-2013
21440001@unknown@formal@none@1@S@If growth regains its glamour among investors, a sluggish segment of the Nasdaq over-the-counter market could show some flash.@@@@1@19@@oe@2-2-2013
21440002@unknown@formal@none@1@S@Some stock pickers already are targeting the OTC market, where, they say, await plenty of small- and medium-sized growth stocks.@@@@1@20@@oe@2-2-2013
21440003@unknown@formal@none@1@S@Best of all, they add, these growth issues, unlike their big blue-chip cousins on the New York Stock Exchange, are languishing at depressed prices.@@@@1@24@@oe@2-2-2013
21440004@unknown@formal@none@1@S@Growth stocks will return to favor, some analysts and money managers think, because of the jitters caused by the market's steep slide on Oct. 13, and because of the current swell of disappointing earnings announcements.@@@@1@35@@oe@2-2-2013
21440005@unknown@formal@none@1@S@Against such a backdrop, companies with proven track records of earnings gains of 20% or so annually have extra appeal.@@@@1@20@@oe@2-2-2013
21440006@unknown@formal@none@1@S@"The market will have to look for a new theme now and that theme will be a return to growth," declares Mary Farrell, a PaineWebber analyst.@@@@1@26@@oe@2-2-2013
21440007@unknown@formal@none@1@S@Among her OTC picks are Oshkosh B'Gosh and A&W Brands.@@@@1@10@@oe@2-2-2013
21440008@unknown@formal@none@1@S@Like many OTC growth issues, they have market values -- as measured by stock price times shares outstanding -- of roughly $100 million to $500 million.@@@@1@26@@oe@2-2-2013
21440009@unknown@formal@none@1@S@Some like to specialize in growth companies whose shares haven't traded publicly very long.@@@@1@14@@oe@2-2-2013
21440010@unknown@formal@none@1@S@These are sometimes dubbed "emerging" growth companies, though they also have expanding-profit track records.@@@@1@14@@oe@2-2-2013
21440011@unknown@formal@none@1@S@While many growth stocks are small, not all small stocks have earnings-growth momentum.@@@@1@13@@oe@2-2-2013
21440012@unknown@formal@none@1@S@That's an important distinction because some analysts and brokers, who perennially predict that small stocks are about to outperform bigger issues, may use any spurt in growth issues to help them sell all small stocks.@@@@1@35@@oe@2-2-2013
21440013@unknown@formal@none@1@S@"You can find some good, quality companies over the counter," but investors should be selective, says John Palicka, chief portfolio manager at Midco Investors, a Newark, N.J., money management company with about $900 million invested in growth stocks of varying sizes.@@@@1@41@@oe@2-2-2013
21440014@unknown@formal@none@1@S@Mr. Palicka's picks from the OTC market include Legent, Mail Boxes Etc., and Payco American.@@@@1@15@@oe@2-2-2013
21440015@unknown@formal@none@1@S@The main argument for growth stocks is their usually superior performance in a slowing economy.@@@@1@15@@oe@2-2-2013
21440016@unknown@formal@none@1@S@"If the market refocuses on earnings, we should get better valuations of growth stocks," says L. Keith Mullins, a growth-stock analyst at Morgan Stanley.@@@@1@24@@oe@2-2-2013
21440017@unknown@formal@none@1@S@Eventually, he believes, investors will be willing to pay higher prices for companies with proven track records of earnings growth.@@@@1@20@@oe@2-2-2013
21440018@unknown@formal@none@1@S@In anticipation of that shift, he and other analysts are encouraging their clients to buy such issues now.@@@@1@18@@oe@2-2-2013
21440019@unknown@formal@none@1@S@Understandably, smaller growth stocks haven't been in favor recently.@@@@1@9@@oe@2-2-2013
21440020@unknown@formal@none@1@S@The average issue on Standard & Poor's 500-stock Index gained 35% last year, Ms. Farrell of PaineWebber says.@@@@1@18@@oe@2-2-2013
21440021@unknown@formal@none@1@S@Smaller-stock earnings, by comparison, rose between 15% and 20%.@@@@1@9@@oe@2-2-2013
21440022@unknown@formal@none@1@S@In addition, earnings growth took a back seat to cash flow, restructuring and takeover potential, and breakup value as the preferred stock-picking standards for much of the year.@@@@1@28@@oe@2-2-2013
21440023@unknown@formal@none@1@S@Also, the smaller growth stocks aren't widely traded, and so are harder to buy and sell quickly than blue chips.@@@@1@20@@oe@2-2-2013
21440024@unknown@formal@none@1@S@As a result, Morgan Stanley's Index of 40 Emerging Growth Stocks -- most of which are in the OTC market -- is up only 13% for the year, while the Dow Jones Industrial Average has leaped 24% and the S&P 500 has grown 25%.@@@@1@44@@oe@2-2-2013
21440025@unknown@formal@none@1@S@The Nasdaq Composite has gained 23% this year, but that's largely due to the 100 largest nonfinancial stocks, which have soared 30%.@@@@1@22@@oe@2-2-2013
21440026@unknown@formal@none@1@S@Some investors are skeptical of growth stocks because investing in them means ignoring that maxim found in the fine print of some investment advertisements -- that past performance isn't indicative of future results.@@@@1@33@@oe@2-2-2013
21440027@unknown@formal@none@1@S@"People are naturally suspicious of them," says Mr. Mullins of Morgan Stanley.@@@@1@12@@oe@2-2-2013
21440028@unknown@formal@none@1@S@Among his favorites in his firm's index are Legent, Silicon Graphics and Novell.@@@@1@13@@oe@2-2-2013
21440029@unknown@formal@none@1@S@However, more money managers are reassured that profit is regaining importance.@@@@1@11@@oe@2-2-2013
21440030@unknown@formal@none@1@S@Mark Schoeppner, portfolio manager at Pittsburgh-based Quaker Capital Management, says that in reaction to nervousness about debt-laden buy-out transactions, analysts and investors now appear to be "valuing stock based on future earnings as opposed to the amount of debt the company can support."@@@@1@43@@oe@2-2-2013
21440031@unknown@formal@none@1@S@Barney Hallingby, managing director of research at Hambrecht & Quist, also believes earnings growth is beginning to play a greater part in investors' buying decisions.@@@@1@25@@oe@2-2-2013
21440032@unknown@formal@none@1@S@On Friday, Hambrecht & Quist added St. Jude Medical to the list of 20 stocks it strongly recommends.@@@@1@18@@oe@2-2-2013
21440033@unknown@formal@none@1@S@The opinion is largely based on the company's earnings momentum, Mr. Hallingby says.@@@@1@13@@oe@2-2-2013
21440034@unknown@formal@none@1@S@St. Jude's market value on Nasdaq exceeds $1 billion, so it isn't a small stock.@@@@1@15@@oe@2-2-2013
21440035@unknown@formal@none@1@S@The medical devices maker's earnings rose nearly 35% in 1987 from 1986, and 75% in 1988.@@@@1@16@@oe@2-2-2013
21440036@unknown@formal@none@1@S@Kurt Kruger, who follows the stock for Hambrecht & Quist, anticipates that the company's net income will grow 51% to $2.15 a share this year.@@@@1@25@@oe@2-2-2013
21440037@unknown@formal@none@1@S@St. Jude finished up 1/4 to 44 1/2 on Friday.@@@@1@10@@oe@2-2-2013
21440038@unknown@formal@none@1@S@Friday's Market Activity@@@@1@3@@oe@2-2-2013
21440039@unknown@formal@none@1@S@The Nasdaq Composite Index eased 0.13 to 470.67.@@@@1@8@@oe@2-2-2013
21440040@unknown@formal@none@1@S@The composite finished up 0.7% from last Friday's close.@@@@1@9@@oe@2-2-2013
21440041@unknown@formal@none@1@S@It was a busy week for OTC stocks.@@@@1@8@@oe@2-2-2013
21440042@unknown@formal@none@1@S@Friday's volume totaled 158.2 million shares; the daily average for the week was a bustling 176.7 million.@@@@1@17@@oe@2-2-2013
21440043@unknown@formal@none@1@S@Valley National lost 1 3/8 to 17 1/8 on volume of 1.9 million shares.@@@@1@14@@oe@2-2-2013
21440044@unknown@formal@none@1@S@The company reported a big third-quarter loss on Thursday.@@@@1@9@@oe@2-2-2013
21440045@unknown@formal@none@1@S@Merchants Bank of New York lost 1 to 106 after reporting that its third-quarter net income fell to $1.62 a share from last year's $1.67 a share.@@@@1@27@@oe@2-2-2013
21440046@unknown@formal@none@1@S@Eliot Savings Bank lost 7/8 to 1 5/8 after reporting that it had a $4.8 million loss in the latest third quarter mostly because of loan-loss provisions.@@@@1@27@@oe@2-2-2013
21440047@unknown@formal@none@1@S@In the 1988 quarter, the bank earned $1.1 million.@@@@1@9@@oe@2-2-2013
21440048@unknown@formal@none@1@S@One bank stock was a winner.@@@@1@6@@oe@2-2-2013
21440049@unknown@formal@none@1@S@BanPonce jumped 4 1/2 to 47 3/4 after agreeing to be acquired by Banco Popular de Puerto Rico for $56.25 a share.@@@@1@22@@oe@2-2-2013
21440050@unknown@formal@none@1@S@Banco Popular, meanwhile, dropped 1 1/4 to 21 1/2.@@@@1@9@@oe@2-2-2013
21440051@unknown@formal@none@1@S@Sierra Tucson, an initial public offering, made the most active list.@@@@1@11@@oe@2-2-2013
21440052@unknown@formal@none@1@S@The company's shares began trading at 12 1/2, up from its initial offering price of 12, and closed at 13.@@@@1@20@@oe@2-2-2013
21440053@unknown@formal@none@1@S@Sierra Tucson operates an addiction treatment center.@@@@1@7@@oe@2-2-2013
21440054@unknown@formal@none@1@S@Among declining issues, a weak earnings outlook drove Groundwater Technology down 6 1/4 to 24.@@@@1@15@@oe@2-2-2013
21440055@unknown@formal@none@1@S@The company said results for its second quarter ended Oct. 28 could drop as much as 20% below the 30 cents a share reported in the year-earlier quarter.@@@@1@28@@oe@2-2-2013
21440056@unknown@formal@none@1@S@Medstone International plummeted 3 1/4 to 7 1/4.@@@@1@8@@oe@2-2-2013
21440057@unknown@formal@none@1@S@A Food and Drug Administration advisory panel has asked that Medstone perform more studies on its device to treat gallstones.@@@@1@20@@oe@2-2-2013
21440058@unknown@formal@none@1@S@Qintex Entertainment dropped 2 5/8 to 1 1/2 after seeking protection from creditor lawsuits under Chapter 11 of the federal Bankruptcy Code for itself and its two operating subsidiaries, Hal Roach Studios and Qintex Productions.@@@@1@35@@oe@2-2-2013
21440059@unknown@formal@none@1@S@Raymond Corp. lost 1 to 10 after it said late Thursday that it will take a $4.4 million charge in its third quarter for reserves to cover potential charges in connection with the closing and sale of a manufacturing plant.@@@@1@40@@oe@2-2-2013
21440060@unknown@formal@none@1@S@As a result, the company has suspended its quarterly dividend.@@@@1@10@@oe@2-2-2013
21440061@unknown@formal@none@1@S@McCaw Cellular Communications and its target, LIN Broadcasting, were active.@@@@1@10@@oe@2-2-2013
21440062@unknown@formal@none@1@S@LIN added 5/8 to 110 5/8 and McCaw lost 1/4 to 41.@@@@1@12@@oe@2-2-2013
21440063@unknown@formal@none@1@S@McCaw said it has secured commitments from three banks to help finance its $125-a-share bid for 22 million of Lin's shares.@@@@1@21@@oe@2-2-2013
21440064@unknown@formal@none@1@S@McCaw has called for a "fair auction" of LIN, which earlier entered a stock-swap merger pact with BellSouth.@@@@1@18@@oe@2-2-2013
21440065@unknown@formal@none@1@S@Following the release of the company's fourth-quarter earnings, Apple Computer dropped 3/4 to 48 on volume of more than 2.3 million shares.@@@@1@22@@oe@2-2-2013
21440066@unknown@formal@none@1@S@Apple earned $161.1 million, or $1.24 a share, in the quarter, including $48 million from the sale of its Adobe Systems stock.@@@@1@22@@oe@2-2-2013
21441001@unknown@formal@none@1@S@The following were among Friday'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
21441002@unknown@formal@none@1@S@Chicago & North Western Acquisition Corp. -- $475 million of senior subordinated resettable debentures, due Oct. 15, 2001, priced at par to yield 14.75%.@@@@1@24@@oe@2-2-2013
21441003@unknown@formal@none@1@S@The coupon will be reset in one year at a rate that will give the issue a market value of 101.@@@@1@21@@oe@2-2-2013
21441004@unknown@formal@none@1@S@However, the maximum coupon rate on the issue when it is reset can only be 15.5%.@@@@1@16@@oe@2-2-2013
21441005@unknown@formal@none@1@S@Debenture holders will also receive the equivalent of 10% of the common stock of CNW Holdings.@@@@1@16@@oe@2-2-2013
21441006@unknown@formal@none@1@S@The equity kicker is not attached to the offering, but underwriters said it will be offered after a filing for 68,548 common shares of CNW Holdings is declared effective by the Securities & Exchange Commission.@@@@1@35@@oe@2-2-2013
21441007@unknown@formal@none@1@S@The issue is noncallable for five years and has a sinking fund starting in 2000 to retire 50% of the issue before maturity.@@@@1@23@@oe@2-2-2013
21441008@unknown@formal@none@1@S@Rated single-B-2 by Moody's Investors Service Inc. and single-B-minus by Standard & Poor's Corp., the issue will be sold through underwriters led by Donaldson Lufkin & Jenrette Securities Corp.@@@@1@29@@oe@2-2-2013
21441009@unknown@formal@none@1@S@Tokuyama Soda Co. (Japan) -- $200 million of Eurobonds due Nov. 9, 1993, with equity-purchase warrants, indicating a 4% coupon at par, via Nomura International Ltd.@@@@1@26@@oe@2-2-2013
21441010@unknown@formal@none@1@S@Each $5,000 bond carries one warrant, exercisable from Nov. 28, 1989, through Oct. 28, 1993, to buy company shares at an expected premium of 2 1/2% to the closing share price when terms are fixed Oct. 27.@@@@1@37@@oe@2-2-2013
21442001@unknown@formal@none@1@S@For bankers and regulators, Arizona is looking more like Texas every day.@@@@1@12@@oe@2-2-2013
21442002@unknown@formal@none@1@S@On Friday, Los Angeles-based First Interstate Bancorp said it expects a net loss of $16 million for the third quarter of 1989 because of hemorrhaging at its First Interstate Bank of Arizona unit.@@@@1@33@@oe@2-2-2013
21442003@unknown@formal@none@1@S@First Interstate said the unit, bludgeoned by Arizona's worsening real-estate woes, will have a $174 million loss for the quarter.@@@@1@20@@oe@2-2-2013
21442004@unknown@formal@none@1@S@First Interstate took a huge $350 million provision for loan losses at the Arizona bank.@@@@1@15@@oe@2-2-2013
21442005@unknown@formal@none@1@S@It charged off an estimated $200 million of Arizona loans, leaving the unit with a reserve for future losses of $255 million, about 61% of its $416 million of troubled loans and repossessed real estate.@@@@1@35@@oe@2-2-2013
21442006@unknown@formal@none@1@S@First Interstate made the move under pressure from regulators.@@@@1@9@@oe@2-2-2013
21442007@unknown@formal@none@1@S@The action capped a spurt of grim Arizona banking news for the third quarter, and emphatically signaled that Arizona is challenging Texas's long reign as banking's busiest graveyard.@@@@1@28@@oe@2-2-2013
21442008@unknown@formal@none@1@S@Earlier last week, Valley National Corp., the state's largest locally owned banking company, reported a $72.2 million loss and suspended its dividend.@@@@1@22@@oe@2-2-2013
21442009@unknown@formal@none@1@S@Pinnacle West Capital Corp., which has been wrangling with regulators for months over what to do about Pinnacle's moribund Merabank thrift unit, suspended its dividend and reported a 91% plunge in third-quarter net income.@@@@1@34@@oe@2-2-2013
21442010@unknown@formal@none@1@S@Security Pacific Corp. said third-quarter credit losses surged a third to $109 million, mainly because of sour Arizona real-estate loans.@@@@1@20@@oe@2-2-2013
21442011@unknown@formal@none@1@S@New York-based Chase Manhattan Corp. took an $85 million Arizona-related charge.@@@@1@11@@oe@2-2-2013
21442012@unknown@formal@none@1@S@Furthermore, the regulatory maneuvering behind First Interstate's loss suggests regulators have concluded that lenders' reserves are far too low to absorb their future Arizona losses and are forcing bankers to do something about it.@@@@1@34@@oe@2-2-2013
21442013@unknown@formal@none@1@S@Examiners from the Office of the Comptroller of the Currency had been combing through First Interstate's real-estate portfolio since last month; they first recommended that First Interstate take a provision that was less than the eventual $350 million third-quarter hit.@@@@1@40@@oe@2-2-2013
21442014@unknown@formal@none@1@S@When First Interstate balked, arguing that the figure was too high, regulators responded by raising their recommendation to $350 million.@@@@1@20@@oe@2-2-2013
21442015@unknown@formal@none@1@S@"At that point, {First Interstate} decided it was the better part of valor not to negotiate further," said one industry official close to the talks.@@@@1@25@@oe@2-2-2013
21442016@unknown@formal@none@1@S@Thomas P. Marrie, chief financial officer, wouldn't comment about the details of the negotiations.@@@@1@14@@oe@2-2-2013
21442017@unknown@formal@none@1@S@He said the provision "wasn't forced upon us, but the regulators made it very clear what they thought was an appropriate number."@@@@1@22@@oe@2-2-2013
21442018@unknown@formal@none@1@S@The tough regulatory stance portends large future losses, especially at the state's thrifts.@@@@1@13@@oe@2-2-2013
21442019@unknown@formal@none@1@S@At least six of Arizona's 12 savings and loan institutions have either been taken over by the government's conservatorship program or are essentially insolvent; they are sitting on enormous unrecognized losses.@@@@1@31@@oe@2-2-2013
21442020@unknown@formal@none@1@S@For example, Western Savings & Loan Association, which is now in conservatorship, had tangible capital-assets minus liabilities -- of a negative $357.4 million at June 30.@@@@1@26@@oe@2-2-2013
21442021@unknown@formal@none@1@S@It had a $258.9 million loss in the second quarter.@@@@1@10@@oe@2-2-2013
21442022@unknown@formal@none@1@S@Yet it still held $916.3 million of repossessed real estate, for which it maintains no reserves whatsoever.@@@@1@17@@oe@2-2-2013
21442023@unknown@formal@none@1@S@It also had $479.7 million of past-due loans; its level of reserves against those wasn't immediately available, though it is believed to be small.@@@@1@24@@oe@2-2-2013
21442024@unknown@formal@none@1@S@The rapid deterioration of the Arizona thrifts only adds to the ever-swelling cost of the government's massive thrift bailout, officially estimated at about $166 billion.@@@@1@25@@oe@2-2-2013
21442025@unknown@formal@none@1@S@Together, the six government-controlled or essentially insolvent Arizona thrifts have tangible capital of a negative $1.5 billion, foreclosed property of $1.8 billion and pastdue loans of $1.63 billion.@@@@1@28@@oe@2-2-2013
21442026@unknown@formal@none@1@S@They have no reserves against the real estate, and their reserves against the loans are miniscule compared with the levels of reserves banks are moving to set up.@@@@1@28@@oe@2-2-2013
21442027@unknown@formal@none@1@S@The thrifts had a combined loss of $487.8 million in the second quarter.@@@@1@13@@oe@2-2-2013
21442028@unknown@formal@none@1@S@Other lenders have been recovering only 50 cents to 60 cents on the dollar on foreclosed Arizona property, if they can sell it at all.@@@@1@25@@oe@2-2-2013
21442029@unknown@formal@none@1@S@All this havoc is the result of one of the worst busts in Arizona's boom-and-bust history, compounded by some of the usual suspects in 1980s banking debacles: greed, fraud and plain bad banking.@@@@1@33@@oe@2-2-2013
21442030@unknown@formal@none@1@S@In the late 1970s and early 1980s, lenders and developers poured money into office buildings, condominiums and massive tracts of raw desert land, confident that Arizona's population would grow at annual rates of 4% to 6% for years to come.@@@@1@40@@oe@2-2-2013
21442031@unknown@formal@none@1@S@Now, annual population growth is running at about 2% a year, some desert tracts bought three years ago for $90,000 an acre are being sold at $25,000 an acre and Phoenix has a seven-year supply of unoccupied office space.@@@@1@39@@oe@2-2-2013
21442032@unknown@formal@none@1@S@"It's horrible to say, but it's unfortunate that earthquake wasn't in Phoenix -- it might have knocked out some of our empty buildings," said C.W. Jackson, a prominent Arizona businessman with interests in real estate, banking and many other businesses.@@@@1@40@@oe@2-2-2013
21442033@unknown@formal@none@1@S@Many Arizona real-estate experts think the worst may be yet to come.@@@@1@12@@oe@2-2-2013
21442034@unknown@formal@none@1@S@Ralph Shattuck, publisher of Foreclosure Update newsletter, said foreclosures have climbed to about 1,482 a month just in Maricopa County, where Phoenix is located.@@@@1@24@@oe@2-2-2013
21442035@unknown@formal@none@1@S@That's up from about 687 a month in 1985, and it's accelerating: So far this month, foreclosures are averaging about 85 a day.@@@@1@23@@oe@2-2-2013
21442036@unknown@formal@none@1@S@"It's frightening," Mr. Shattuck said.@@@@1@5@@oe@2-2-2013
21442037@unknown@formal@none@1@S@Moreover, Mr. Shattuck and others said residential real estate, which had remained fairly strong through most of the downturn, is beginning to comprise more and more of the foreclosures.@@@@1@29@@oe@2-2-2013
21442038@unknown@formal@none@1@S@And the generally frail condition of Arizona's lenders means there is little capital available in the state to shore up the economy and slow down the slide.@@@@1@27@@oe@2-2-2013
21442039@unknown@formal@none@1@S@"It's reasonable to say there is not a solvent S&L in the state and the amount of viable bank capital is very low," said Mr. Jackson.@@@@1@26@@oe@2-2-2013
21442040@unknown@formal@none@1@S@"We're going to see another big wave of failures and defaults between now and year-end. . . .@@@@1@18@@oe@2-2-2013
21442041@unknown@formal@none@1@S@The only thing a lot of these lenders can get out of their mouth now is: `Pay me in 60 days.'"@@@@1@21@@oe@2-2-2013
21442042@unknown@formal@none@1@S@First Interstate had a $214.4 million loss in 1988's third quarter, mainly from writedowns and reserves connected with its Texas operations.@@@@1@21@@oe@2-2-2013
21442043@unknown@formal@none@1@S@For the six months ended June 30, it reported net income of $234.3 million, or $4.83 a share, including $46 million from tax credits and accounting changes.@@@@1@27@@oe@2-2-2013
21442044@unknown@formal@none@1@S@The bank's Arizona unit holds about $6 billion of First Interstate's $50 billion of assets.@@@@1@15@@oe@2-2-2013
21442045@unknown@formal@none@1@S@Mr. Marrie said the bank expects Arizona real-estate prices, which plummeted 40% over the last year, to fall another 20% before stabilizing.@@@@1@22@@oe@2-2-2013
21442046@unknown@formal@none@1@S@Some in Arizona think that may be optimistic.@@@@1@8@@oe@2-2-2013
21442047@unknown@formal@none@1@S@First Interstate said its operations outside of Arizona "achieved results as expected for the quarter," but didn't specify the results.@@@@1@20@@oe@2-2-2013
21442048@unknown@formal@none@1@S@First Interstate stock closed at $57.625, down 25 cents, in composite trading Friday on the New York Stock Exchange.@@@@1@19@@oe@2-2-2013
21442049@unknown@formal@none@1@S@Since its unsuccessful bid for BankAmerica Corp. in 1986, the bank has undertaken a major restructuring in an effort to cut costs and boost performance, but many industry officials believe it may be ripe for a takeover bid, especially with interstate banking set to begin in California in 1991.@@@@1@49@@oe@2-2-2013
21442050@unknown@formal@none@1@S@Mr. Marrie said the problems in Arizona have only "increased our resolve to continue to make our restructuring even more effective."@@@@1@21@@oe@2-2-2013
21442051@unknown@formal@none@1@S@Separately, Standard & Poor's Corp. lowered its ratings on Valley National Corp.'s senior debt to double-B from double-B-plus, affecting about $300 million of long-term debt.@@@@1@25@@oe@2-2-2013
21442052@unknown@formal@none@1@S@S&P also lowered ratings on unsecured deposits and issues backed by a letter of credit from the bank holding company's principal unit, Valley National Bank of Arizona.@@@@1@27@@oe@2-2-2013
21442053@unknown@formal@none@1@S@The ratings service said the downgrades reflect the continued slide in the company's financial condition.@@@@1@15@@oe@2-2-2013
21442054@unknown@formal@none@1@S@A spokesman for Phoenix, Ariz.-based Valley National, said the concern will be able to withstand the current downturn in Arizona real estate.@@@@1@22@@oe@2-2-2013
21442055@unknown@formal@none@1@S@Commercial paper holders have reinvested their funds, he said, and consumer deposits have been up in the last few days.@@@@1@20@@oe@2-2-2013
21443001@unknown@formal@none@1@S@Immunex Corp. said its scientists isolated a molecule which may hold potential as a treatment for disruptions of the immune-system, ranging from organ-transplant rejection, to allergies and asthma.@@@@1@28@@oe@2-2-2013
21443002@unknown@formal@none@1@S@The molecule is the mouse version of a protein called the interleukin-4 receptor.@@@@1@13@@oe@2-2-2013
21443003@unknown@formal@none@1@S@IL-4 is a hormone which directs the growth and function of white blood cells involved in the body's immune response.@@@@1@20@@oe@2-2-2013
21443004@unknown@formal@none@1@S@The IL-4 receptor on the surface of such cells receives the hormone's message to rally the body's defense.@@@@1@18@@oe@2-2-2013
21443005@unknown@formal@none@1@S@But in certain conditions such as autoimmune diseases and allergies and transplant rejection, doctors would like to damp the immune response so such cells don't touch off harmful inflammatory reactions or cell destruction.@@@@1@33@@oe@2-2-2013
21443006@unknown@formal@none@1@S@A soluble form of the receptor might turn off a specific part of the immune response without general immune suppression, the company said.@@@@1@23@@oe@2-2-2013
21443007@unknown@formal@none@1@S@The IL-4 receptor is one of five such receptors to be developed and tested by Receptech Corp., a spinoff of Immunex, through a proposed $30 million initial public offering.@@@@1@29@@oe@2-2-2013
21443008@unknown@formal@none@1@S@Immunex will contract with the spinoff to provide the research, development and initial testing of the new agents.@@@@1@18@@oe@2-2-2013
21443009@unknown@formal@none@1@S@Immunex will have the option to buy back Receptech shares after five years.@@@@1@13@@oe@2-2-2013
21444001@unknown@formal@none@1@S@The following issues were recently filed with the Securities and Exchange Commission:@@@@1@12@@oe@2-2-2013
21444002@unknown@formal@none@1@S@Heller Financial Inc., an indirect subsidiary of Fuji Bank Ltd., shelf offering of up to $1 billion debt securities and warrants.@@@@1@21@@oe@2-2-2013
21444003@unknown@formal@none@1@S@Jason Overseas Ltd., proposed offering of five million common shares, via Smith Barney & Co. and Mabon Nugent & Co.@@@@1@20@@oe@2-2-2013
21444004@unknown@formal@none@1@S@MCI Communications Corp., shelf offering of up to $750 million of debt securities via Merrill Lynch Capital Markets, Drexel Burnham Lambert Inc., Goldman, Sachs & Co., and Salomon Brothers Inc.@@@@1@30@@oe@2-2-2013
21444005@unknown@formal@none@1@S@Millicom Inc., offering of $60 million subordinated exchangeable debentures, via Bear, Stearns & Co. Inc.@@@@1@15@@oe@2-2-2013
21444006@unknown@formal@none@1@S@Union Tank Car Co., offering of $100 million of equipment trust certificates, via Salomon Brothers.@@@@1@15@@oe@2-2-2013
21445001@unknown@formal@none@1@S@Conner Peripherals Inc., which has a near-monopoly on a key part used in many portable computers, is on target to surpass Compaq Computer Corp. as the fastest-growing start-up manufacturing firm in U.S. business history.@@@@1@34@@oe@2-2-2013
21445002@unknown@formal@none@1@S@Conner dominates the market for hard-disk drives used to store data in laptop computers.@@@@1@14@@oe@2-2-2013
21445003@unknown@formal@none@1@S@It said yesterday that net income for its third quarter soared 72% to $11.8 million, or 28 cents a share, from $6.8 million, or 19 cents a share, in the year-ago period.@@@@1@32@@oe@2-2-2013
21445004@unknown@formal@none@1@S@Its revenue totaled $184.4 million, an increase of 172% from $67.8 million a year ago.@@@@1@15@@oe@2-2-2013
21445005@unknown@formal@none@1@S@For the nine months, the San Jose, Calif.-based company said net income jumped 84% to $26.9 million, or 69 cents a share, from $14.6 million, or 43 cents a share.@@@@1@30@@oe@2-2-2013
21445006@unknown@formal@none@1@S@Revenue nearly tripled to $479 million, from $160 million.@@@@1@9@@oe@2-2-2013
21445007@unknown@formal@none@1@S@Analysts expect Conner's earnings to reach roughly $40 million, or $1 to $1.05 a share, on sales of $650 million, for 1989, the company's third full year in business.@@@@1@29@@oe@2-2-2013
21445008@unknown@formal@none@1@S@That's a faster growth rate than reported by Compaq, which didn't post similar results until its fourth year, in 1986.@@@@1@20@@oe@2-2-2013
21445009@unknown@formal@none@1@S@But Compaq had achieved that level of sales faster than any previous manufacturing start-up.@@@@1@14@@oe@2-2-2013
21445010@unknown@formal@none@1@S@Conner's performance is closely tied to the burgeoning demand for battery-operated computers, the computer industry's fastest-growing segment.@@@@1@17@@oe@2-2-2013
21445011@unknown@formal@none@1@S@Since its inception, Conner has both benefited from and helped make possible the rapid spread of portable computers by selling storage devices that consume five to 10 times less electricity than drives used in desktop machines.@@@@1@36@@oe@2-2-2013
21445012@unknown@formal@none@1@S@Today, Conner controls an estimated 90% of the hard-disk drive market for laptop computers.@@@@1@14@@oe@2-2-2013
21445013@unknown@formal@none@1@S@The company supplies drives to Compaq and Zenith Data Systems, the top two U.S. manufacturers of laptops, and to Toshiba Corp., NEC Corp. and Sharp Corp., the leading Japanese laptop makers.@@@@1@31@@oe@2-2-2013
21445014@unknown@formal@none@1@S@"They've had this field to themselves for over a year now, and they've been greatly rewarded," said Bob Katsive, an analyst at Disk/Trend Inc., a market researcher in Los Altos, Calif.@@@@1@31@@oe@2-2-2013
21445015@unknown@formal@none@1@S@In the coming months, however, this is likely to change.@@@@1@10@@oe@2-2-2013
21445016@unknown@formal@none@1@S@Next month, Seagate Technology, which is the dominant supplier of hard-disk drives for personal computers, plans to introduce its first family of low-power drives for battery-operated computers.@@@@1@27@@oe@2-2-2013
21445017@unknown@formal@none@1@S@And the Japanese are likely to keep close on Conner's heels.@@@@1@11@@oe@2-2-2013
21445018@unknown@formal@none@1@S@"They are going to catch up," said David Claridge, an analyst with Hambrecht & Quist.@@@@1@15@@oe@2-2-2013
21445019@unknown@formal@none@1@S@Both Toshiba and NEC already produce hard-disk drives, and Sony also is studying the field, Mr. Claridge said.@@@@1@18@@oe@2-2-2013
21445020@unknown@formal@none@1@S@But Conner isn't standing still.@@@@1@5@@oe@2-2-2013
21445021@unknown@formal@none@1@S@Yesterday, the company introduced four products, three of which are aimed at a hot new class of computers called notebooks.@@@@1@20@@oe@2-2-2013
21445022@unknown@formal@none@1@S@Each of the three drives uses a mere 1.5 watts of power and one weighs just 5.5 ounces.@@@@1@18@@oe@2-2-2013
21445023@unknown@formal@none@1@S@"Most of our competitors are announcing products based on our (older) products," said Finis Conner, chief executive officer and founder of the firm that bears his name.@@@@1@27@@oe@2-2-2013
21445024@unknown@formal@none@1@S@"We continue to develop products faster than anyone else can."@@@@1@10@@oe@2-2-2013
21445025@unknown@formal@none@1@S@These new products could account for as much as 35% of the company's business in 1990, Mr. Conner estimated.@@@@1@19@@oe@2-2-2013
21445026@unknown@formal@none@1@S@"We're not afraid of obsoleting some of our old stuff to stay ahead of the competition," he said.@@@@1@18@@oe@2-2-2013
21445027@unknown@formal@none@1@S@Conner already is shipping its new drives.@@@@1@7@@oe@2-2-2013
21445028@unknown@formal@none@1@S@Last week, for instance, Compaq introduced its first notebook computer to rave reviews.@@@@1@13@@oe@2-2-2013
21445029@unknown@formal@none@1@S@Conner is supplying hard-disk drives for the machine, which weighs only six pounds and fits in a briefcase.@@@@1@18@@oe@2-2-2013
21445030@unknown@formal@none@1@S@From its inception, Conner has targeted the market for battery-operated machines, building hard-disk drives that are smaller and use far less power than those offered by competitors such as Seagate.@@@@1@30@@oe@2-2-2013
21445031@unknown@formal@none@1@S@The availability of these drives, in turn, boosted demand for laptop computers, whose usefulness had been limited because of lack of storage.@@@@1@22@@oe@2-2-2013
21445032@unknown@formal@none@1@S@Conner also makes hard-disk drives for desktop computers and is a major supplier to Compaq, which as of July owned 40% of Conner's stock.@@@@1@24@@oe@2-2-2013
21445033@unknown@formal@none@1@S@Sales to Compaq represented 26% of Conner's business in its third quarter, compared with 42% in the year-ago period.@@@@1@19@@oe@2-2-2013
21446001@unknown@formal@none@1@S@Move over, pornographic phone services: A legal service with a "900" number has been launched in California.@@@@1@17@@oe@2-2-2013
21446002@unknown@formal@none@1@S@A Newport Beach law firm started the pay-as-you-go legal service, called Telelawyer, using MCI Communication Corp.'s toll-tele-phone service.@@@@1@18@@oe@2-2-2013
21446003@unknown@formal@none@1@S@Cane & Associates touts its $2-a-minute service as the "cheapest legal hour you'll ever find."@@@@1@15@@oe@2-2-2013
21446004@unknown@formal@none@1@S@Though the service is available only in California, Telelawyer founder Michael Cane says he plans to franchise it in other states.@@@@1@21@@oe@2-2-2013
21446005@unknown@formal@none@1@S@He says his aim is to reach people who are bedridden, have no access to transportation, can't find a lawyer to take their case or simply can't afford lawyers' consultation fees.@@@@1@31@@oe@2-2-2013
21446006@unknown@formal@none@1@S@Mr. Cane stresses that he isn't using the telephone to lure clients to his doorstep.@@@@1@15@@oe@2-2-2013
21446007@unknown@formal@none@1@S@"We will only deal with clients on the phone," he says.@@@@1@11@@oe@2-2-2013
21446008@unknown@formal@none@1@S@"We have no in-office business."@@@@1@5@@oe@2-2-2013
21446009@unknown@formal@none@1@S@Telelawyer is apparently the only telephone service that offers the telephone equivalent of an office visit.@@@@1@16@@oe@2-2-2013
21446010@unknown@formal@none@1@S@Local bar associations in some states have numbers that provide free tape-recorded messages explaining certain areas of the law.@@@@1@19@@oe@2-2-2013
21446011@unknown@formal@none@1@S@There also are "800" hotlines which refer people to lawyers, usually personal-injury specialists, for in-office consultation.@@@@1@16@@oe@2-2-2013
21446012@unknown@formal@none@1@S@When a caller reaches Telelawyer by dialing 900-TELELAW, a receptionist refers the call to one of six attorneys.@@@@1@18@@oe@2-2-2013
21446013@unknown@formal@none@1@S@In an effort to determine whether a caller has reason to sue, Cane lawyers review documents and perform research, if necessary, with the help of three law clerks and several support staffers.@@@@1@32@@oe@2-2-2013
21446014@unknown@formal@none@1@S@There is no charge for research -- only for time on the phone.@@@@1@13@@oe@2-2-2013
21446015@unknown@formal@none@1@S@If the matter requires further legal work or litigation, Mr. Cane says, his lawyers may refer the client to a law firm.@@@@1@22@@oe@2-2-2013
21446016@unknown@formal@none@1@S@But he says Cane & Associates doesn't receive referral fees.@@@@1@10@@oe@2-2-2013
21446017@unknown@formal@none@1@S@So far, says Mr. Cane, most calls have involved landlord-tenant problems, tax problems, divorce, and probate questions.@@@@1@17@@oe@2-2-2013
21446018@unknown@formal@none@1@S@The firm is getting about 50 calls a day, and the average call lasts about 15 minutes.@@@@1@17@@oe@2-2-2013
21446019@unknown@formal@none@1@S@Out of the $2 charge, the law firm pockets about $1.55.@@@@1@11@@oe@2-2-2013
21446020@unknown@formal@none@1@S@JURY CONVICTS congressman in connection with Wedtech Corp. scandal.@@@@1@9@@oe@2-2-2013
21446021@unknown@formal@none@1@S@A federal court jury in New York found U.S. Rep. Robert Garcia (D., N.Y.) and his wife, Jane Lee Garcia, guilty of extorting $76,000 from Wedtech in return for official acts by the congressman.@@@@1@34@@oe@2-2-2013
21446022@unknown@formal@none@1@S@The jury also convicted them of extortion in obtaining a $20,000, interest-free loan from a Wedtech officer.@@@@1@17@@oe@2-2-2013
21446023@unknown@formal@none@1@S@The jury found them guilty of conspiracy in obtaining the payments, some of which were disguised as fees for consulting services from Mrs. Garcia.@@@@1@24@@oe@2-2-2013
21446024@unknown@formal@none@1@S@Wedtech, which became embroiled in political-corruption cases that eventually led to its demise, formerly was a minority-owned South Bronx, N.Y., defense contractor.@@@@1@22@@oe@2-2-2013
21446025@unknown@formal@none@1@S@Edward J.M. Little, one of the assistant U.S. attorneys who prosecuted the case, said the Garcia trial "is the last of the Wedtech prosecutions."@@@@1@24@@oe@2-2-2013
21446026@unknown@formal@none@1@S@Mr. Little said more than 20 people have been convicted in the Wedtech cases, including former U.S. Rep. Mario Biaggi (D., N.Y.).@@@@1@22@@oe@2-2-2013
21446027@unknown@formal@none@1@S@Lawyers for the Garcias said they plan to appeal.@@@@1@9@@oe@2-2-2013
21446028@unknown@formal@none@1@S@Mr. Garcia, who represents New York's 18th congressional district, which includes the Bronx, said he hasn't decided whether he will resign.@@@@1@21@@oe@2-2-2013
21446029@unknown@formal@none@1@S@"In the next few weeks, I will be consulting with my political advisers and with the Democratic leaders about the best way of preserving the interests of my constituents," said Mr. Garcia, 56 years old.@@@@1@35@@oe@2-2-2013
21446030@unknown@formal@none@1@S@Mrs. Garcia, 49, formerly was a member of Mr. Garcia's congressional staff.@@@@1@12@@oe@2-2-2013
21446031@unknown@formal@none@1@S@The Garcias were cleared of four other felony counts, involving the receipt of bribes and gratuities.@@@@1@16@@oe@2-2-2013
21446032@unknown@formal@none@1@S@U.S. Judge Leonard B. Sand set the Garcias' sentencing for Jan. 5.@@@@1@12@@oe@2-2-2013
21446033@unknown@formal@none@1@S@FIVE SHEA & GOULD PARTNERS are leaving to form a new firm.@@@@1@12@@oe@2-2-2013
21446034@unknown@formal@none@1@S@The new firm, Hutton Ingram Yuzek Gainen Carroll & Bertolotti, will be based in New York.@@@@1@16@@oe@2-2-2013
21446035@unknown@formal@none@1@S@The five partners who resigned from Shea & Gould late last week are Tom Hutton, Sam Ingram, Dean Yuzek, Daniel Carroll and Ernest Bertolotti.@@@@1@24@@oe@2-2-2013
21446036@unknown@formal@none@1@S@They will be joined by Larry Gainen, who resigned from the firm of LePatner, Gainen & Block.@@@@1@17@@oe@2-2-2013
21446037@unknown@formal@none@1@S@Howard Rubenstein, a New York publicist who represents Shea & Gould, said, "Shea & Gould understands they're leaving because they wanted a different environment -- a smaller firm they would be principals of."@@@@1@33@@oe@2-2-2013
21446038@unknown@formal@none@1@S@Mr. Rubenstein said the five, who weren't on Shea & Gould's management committee, "are leaving on good terms."@@@@1@18@@oe@2-2-2013
21446039@unknown@formal@none@1@S@He said Shea & Gould held a number of discussions with the five partners during the past few weeks to get them to stay but that the five were firmly committed to running their own firm.@@@@1@36@@oe@2-2-2013
21446040@unknown@formal@none@1@S@Hutton Ingram will have a general corporate, securities, real-estate and litigation practice, and a substantial practice serving the professional-design community.@@@@1@20@@oe@2-2-2013
21446041@unknown@formal@none@1@S@DISCIPLINARY PROCEEDINGS against lawyers open to public in Illinois.@@@@1@9@@oe@2-2-2013
21446042@unknown@formal@none@1@S@While investigations into lawyer misconduct will remain secret, the public will be notified once a formal complaint is filed against an attorney.@@@@1@22@@oe@2-2-2013
21446043@unknown@formal@none@1@S@The actual disciplinary hearings will be public.@@@@1@7@@oe@2-2-2013
21446044@unknown@formal@none@1@S@In addition, Illinois attorneys will lose the right to sue clients who file malicious complaints against them.@@@@1@17@@oe@2-2-2013
21446045@unknown@formal@none@1@S@Non-lawyers will be added to the inquiry panels that look into allegations of misconduct.@@@@1@14@@oe@2-2-2013
21446046@unknown@formal@none@1@S@Illinois joins 36 other states that allow public participation in attorney-disciplinary proceedings and 32 states that open disciplinary hearings to the public, according to the American Bar Association.@@@@1@28@@oe@2-2-2013
21446047@unknown@formal@none@1@S@One vocal critic of the changes, Chicago lawyer Warren Lupel, says non-lawyers shouldn't be on the inquiry panels because they are unlikely to appreciate the nuances of attorney-client relationships.@@@@1@29@@oe@2-2-2013
21446048@unknown@formal@none@1@S@In addition, he says, publishing the names of lawyers who are facing charges unnecessarily subjects them to public derogation.@@@@1@19@@oe@2-2-2013
21446049@unknown@formal@none@1@S@Nevertheless, Mr. Lupel anticipates no legal action to reverse the Illinois Supreme Court's decision to institute the changes.@@@@1@18@@oe@2-2-2013
21446050@unknown@formal@none@1@S@"There's no constitutional right involved in the rule change," he says.@@@@1@11@@oe@2-2-2013
21446051@unknown@formal@none@1@S@"You don't have a right to practice.@@@@1@7@@oe@2-2-2013
21446052@unknown@formal@none@1@S@You only have a privilege to practice."@@@@1@7@@oe@2-2-2013
21446053@unknown@formal@none@1@S@DREXEL BURNHAM LAMBERT Inc. agreed to pay a $50,000 fine to Delaware, the 26th state to settle with Drexel in the wake of the firm's guilty plea to federal insider-trading charges.@@@@1@31@@oe@2-2-2013
21446054@unknown@formal@none@1@S@Drexel doesn't have a Delaware office, but the New York firm has been negotiating settlements that would allow it to operate freely nationwide despite its record as an admitted felon.@@@@1@30@@oe@2-2-2013
21446055@unknown@formal@none@1@S@The firm has said it expects to pay $11.5 million overall to settle with states.@@@@1@15@@oe@2-2-2013
21446056@unknown@formal@none@1@S@Drexel pleaded guilty in September to six felony counts of securities and mail fraud; it also made a $650 million civil settlement with the Securities and Exchange Commission.@@@@1@28@@oe@2-2-2013
21447001@unknown@formal@none@1@S@Philip Morris Cos., whose Benson & Hedges cigarette brand has been losing market share, has asked at least one other agency to try its hand at creative work for the big account, which has been at Wells Rich Greene Inc. since 1966.@@@@1@42@@oe@2-2-2013
21447002@unknown@formal@none@1@S@Executives close to Philip Morris said that the tobacco and food giant has asked Backer Spielvogel Bates Worldwide Inc., a unit of Saatchi & Saatchi Co., and possibly others to work on creative ideas for the account.@@@@1@37@@oe@2-2-2013
21447003@unknown@formal@none@1@S@Several executives said another potential contender is WPP Group's Ogilvy & Mather agency, which works on some other Philip Morris products.@@@@1@21@@oe@2-2-2013
21447004@unknown@formal@none@1@S@Both Philip Morris and Backer Spielvogel declined to comment.@@@@1@9@@oe@2-2-2013
21447005@unknown@formal@none@1@S@A spokeswoman for Ogilvy & Mather said the agency doesn't comment on "idle speculation."@@@@1@14@@oe@2-2-2013
21447006@unknown@formal@none@1@S@Also mentioned as a contender was TBWA Advertising, but the company denied it was participating.@@@@1@15@@oe@2-2-2013
21447007@unknown@formal@none@1@S@The loss of the cigarette account would be a severe blow to Wells Rich.@@@@1@14@@oe@2-2-2013
21447008@unknown@formal@none@1@S@Benson & Hedges has been one of its most high-visibility campaigns, as well as one of its largest clients.@@@@1@19@@oe@2-2-2013
21447009@unknown@formal@none@1@S@The account billed almost $60 million last year, according to Leading National Advertisers.@@@@1@13@@oe@2-2-2013
21447010@unknown@formal@none@1@S@But Philip Morris has scaled back ad spending on the brand over the past year, industry executives said, and it now bills about $30 million to $40 million.@@@@1@28@@oe@2-2-2013
21447011@unknown@formal@none@1@S@Industry executives said Philip Morris had asked the other agencies to create campaigns in a bid to stop the brand's slipping market share.@@@@1@23@@oe@2-2-2013
21447012@unknown@formal@none@1@S@According to John Maxwell, an analyst at Wheat First Securities, Richmond, Va., Benson & Hedges has slipped from 4.7% of the cigarette market in 1985 to just 4.1% after the second quarter of this year.@@@@1@35@@oe@2-2-2013
21447013@unknown@formal@none@1@S@The brand is No. 7 overall in the cigarette business, Mr. Maxwell said.@@@@1@13@@oe@2-2-2013
21447014@unknown@formal@none@1@S@The slip has come despite high-profile ads created by Wells Rich, including one picturing a young man clad only in pajama bottoms interrupting a festive brunch.@@@@1@26@@oe@2-2-2013
21447015@unknown@formal@none@1@S@That ad generated so much publicity that a trade magazine launched a contest for its readers to guess who the guy was and what he was doing.@@@@1@27@@oe@2-2-2013
21447016@unknown@formal@none@1@S@Wells Rich first popularized the Benson & Hedges brand more than 20 years ago with ads portraying, among other things, an elevator door closing on a passenger's cigarette.@@@@1@28@@oe@2-2-2013
21447017@unknown@formal@none@1@S@The brand early on achieved an upscale appeal -- a trait that some analysts believe is partly responsible for its staid performance.@@@@1@22@@oe@2-2-2013
21447018@unknown@formal@none@1@S@Philip Morris, trying to revive the Benson & Hedges franchise, put the account up for review in 1986.@@@@1@18@@oe@2-2-2013
21447019@unknown@formal@none@1@S@Wells Rich Greene, however, in an effort directed by Mary Wells Lawrence, emerged the victor of the review and retained the business.@@@@1@22@@oe@2-2-2013
21447020@unknown@formal@none@1@S@Kenneth Olshan, Wells Rich's chairman, didn't return phone calls seeking comment.@@@@1@11@@oe@2-2-2013
21447021@unknown@formal@none@1@S@While Wells Rich recently picked up Hertz Corp.'s $25 million to $30 million account, it has lost a number of big accounts this year, including the $20 million to $25 million Cadbury-Schweppes Canada Dry and Sunkist accounts, the $18 million Procter & Gamble Co. Sure deodorant account and the $10 million Polo/Ralph Lauren business.@@@@1@54@@oe@2-2-2013
21447022@unknown@formal@none@1@S@Its victories include more than $30 million in Sheraton Corp. business and an assignment from Dun & Bradstreet worth $5 million to $10 million.@@@@1@24@@oe@2-2-2013
21448001@unknown@formal@none@1@S@This city is girding for gridlock today as hundreds of thousands of commuters avoid travel routes ravaged by last week's earthquake.@@@@1@21@@oe@2-2-2013
21448002@unknown@formal@none@1@S@Estimates of damage in the six-county San Francisco Bay area neared $5 billion, excluding the cost of repairing the region's transportation system.@@@@1@22@@oe@2-2-2013
21448003@unknown@formal@none@1@S@The Bay Bridge, the main artery into San Francisco from the east, will be closed for at least several weeks.@@@@1@20@@oe@2-2-2013
21448004@unknown@formal@none@1@S@Part of the bridge collapsed in the quake, which registered 6.9 on the Richter scale.@@@@1@15@@oe@2-2-2013
21448005@unknown@formal@none@1@S@The bridge normally carries 250,000 commuters a day.@@@@1@8@@oe@2-2-2013
21448006@unknown@formal@none@1@S@Also, most of the ramps connecting the city to its main link to the south, the 101 freeway, have been closed for repairs.@@@@1@23@@oe@2-2-2013
21448007@unknown@formal@none@1@S@The Bay Area Rapid Transit system, which runs subway trains beneath the bay, is braced for a doubling of its daily regular ridership to 300,000.@@@@1@25@@oe@2-2-2013
21448008@unknown@formal@none@1@S@BART has increased service to 24 hours a day in preparation for the onslaught.@@@@1@14@@oe@2-2-2013
21448009@unknown@formal@none@1@S@Most unusual will be water-borne commuters from the East Bay towns of Oakland and Berkeley.@@@@1@15@@oe@2-2-2013
21448010@unknown@formal@none@1@S@For the first time in 32 years, ferry service has been restored between the East Bay and San Francisco.@@@@1@19@@oe@2-2-2013
21448011@unknown@formal@none@1@S@The Red and White Fleet, which operates regular commuter ferry service to and from Marin County, and tourist tours of the bay, is offering East Bay commuters a chance to ride the waves for the price of $10 round-trip.@@@@1@39@@oe@2-2-2013
21448012@unknown@formal@none@1@S@That tariff is too stiff for some Financial District wage earners.@@@@1@11@@oe@2-2-2013
21448013@unknown@formal@none@1@S@"I'll stay with BART," said one secretary, swallowing her fears about using the transbay tube.@@@@1@15@@oe@2-2-2013
21448014@unknown@formal@none@1@S@Officials expect the Golden Gate Bridge to be swamped with an extra load of commuters, including East Bay residents making a long detour.@@@@1@23@@oe@2-2-2013
21448015@unknown@formal@none@1@S@"We're anticipating quite a traffic crunch," said one official.@@@@1@9@@oe@2-2-2013
21448016@unknown@formal@none@1@S@About 23,000 people typically travel over the Golden Gate Bridge during commute hours.@@@@1@13@@oe@2-2-2013
21448017@unknown@formal@none@1@S@About 130,000 vehicles cross during a 24-hour period.@@@@1@8@@oe@2-2-2013
21448018@unknown@formal@none@1@S@Meetings canceled by Apple Computer Inc.'s European sales force and by other groups raised the specter of empty hotel rooms and restaurants.@@@@1@22@@oe@2-2-2013
21448019@unknown@formal@none@1@S@It also raised hackles of the city's tourism boosters.@@@@1@9@@oe@2-2-2013
21448020@unknown@formal@none@1@S@"Other cities are calling {groups booked here for tours and conferences} and -- not to be crass -- stealing our booking list," said Scott Shafer, a spokesman for Mayor Art Agnos.@@@@1@31@@oe@2-2-2013
21448021@unknown@formal@none@1@S@City officials stuck by their estimate of $2 billion in damage to the quake-shocked city.@@@@1@15@@oe@2-2-2013
21448022@unknown@formal@none@1@S@The other five Bay area counties have increased their total damage estimates to $2.8 billion.@@@@1@15@@oe@2-2-2013
21448023@unknown@formal@none@1@S@All estimates exclude highway repair, which could exceed $1 billion.@@@@1@10@@oe@2-2-2013
21448024@unknown@formal@none@1@S@Among the expensive unknowns are stretches of elevated freeway in San Francisco that were closed because of quake-inflicted damage.@@@@1@19@@oe@2-2-2013
21448025@unknown@formal@none@1@S@The most worrisome stretch is 1.2 miles of waterfront highway known as the Embarcadero Freeway.@@@@1@15@@oe@2-2-2013
21448026@unknown@formal@none@1@S@Until it was closed Tuesday, it had provided the quickest series of exits for commuters from the Bay Bridge heading into the Financial District.@@@@1@24@@oe@2-2-2013
21448027@unknown@formal@none@1@S@Engineers say it will take at least eight months to repair the Embarcadero structure.@@@@1@14@@oe@2-2-2013
21448028@unknown@formal@none@1@S@As part of the quake recovery effort, the city Building Department has surveyed about 3,000 buildings, including all of the Financial District's high-rises.@@@@1@23@@oe@2-2-2013
21448029@unknown@formal@none@1@S@The preliminary conclusion from a survey of 200 downtown high-rises is that "we were incredibly lucky," said Lawrence Kornfield, San Francisco's chief building inspector.@@@@1@24@@oe@2-2-2013
21448030@unknown@formal@none@1@S@While many of these buildings sustained heavy damage, little of that involved major structural damage.@@@@1@15@@oe@2-2-2013
21448031@unknown@formal@none@1@S@City building codes require construction that can resist temblors.@@@@1@9@@oe@2-2-2013
21448032@unknown@formal@none@1@S@In England, Martin Leach, a spokesman for Lloyd's of London, said the insurance market hasn't yet been able to estimate the total potential claims from the disaster.@@@@1@27@@oe@2-2-2013
21448033@unknown@formal@none@1@S@"The extent of the claims won't be known for some time," Mr. Leach said.@@@@1@14@@oe@2-2-2013
21448034@unknown@formal@none@1@S@On Friday, during a visit to California to survey quake damage, President Bush promised to "meet the federal government's obligation" to assist relief efforts.@@@@1@24@@oe@2-2-2013
21448035@unknown@formal@none@1@S@California officials plan to ask Congress for $3 billion or more of federal aid, in the form of grants and low-interest loans.@@@@1@22@@oe@2-2-2013
21448036@unknown@formal@none@1@S@The state has a $1 billion reserve, and is expected to add $1 billion to that fund in the next year.@@@@1@21@@oe@2-2-2013
21448037@unknown@formal@none@1@S@Some of that money will be available for highway repair and special emergency aid, but members of the legislature are also mulling over a temporary state gasoline tax to raise money for earthquake relief.@@@@1@34@@oe@2-2-2013
21448038@unknown@formal@none@1@S@However, state initiatives restrict the ability of the legislature to raise such taxes unless the voters approve in a statewide referendum.@@@@1@21@@oe@2-2-2013
21448039@unknown@formal@none@1@S@G. Christian Hill and Ken Wells contributed to this article.@@@@1@10@@oe@2-2-2013
21449001@unknown@formal@none@1@S@Bond Corp. Holdings Ltd. posted a loss for fiscal 1989 of 980.2 million Australian dollars (US$762.4 million), the largest in Australian corporate history.@@@@1@23@@oe@2-2-2013
21449002@unknown@formal@none@1@S@That loss compared with a year-earlier profit of A$273.5 million.@@@@1@10@@oe@2-2-2013
21449003@unknown@formal@none@1@S@In preliminary, unaudited results reported Friday, Bond Corp. also posted an operating loss of A$814.1 million for the year ended June 30, compared with operating profit of A$354.7 million a year earlier.@@@@1@32@@oe@2-2-2013
21449004@unknown@formal@none@1@S@Operating revenue rose 69% to A$8.48 billion from A$5.01 billion.@@@@1@10@@oe@2-2-2013
21449005@unknown@formal@none@1@S@But the net interest bill jumped 85% to A$686.7 million from A$371.1 million.@@@@1@13@@oe@2-2-2013
21449006@unknown@formal@none@1@S@Bond Corp. has interests in brewing, media and communications, natural resources and property.@@@@1@13@@oe@2-2-2013
21449007@unknown@formal@none@1@S@Much of Bond Corp.'s losses stemmed from one-time write-downs of the value of some of Bond Corp.'s assets and those of its units.@@@@1@23@@oe@2-2-2013
21449008@unknown@formal@none@1@S@The results included a A$453.4 million write-off of future income-tax benefits and a provision for a loss of A$149.5 million on the sale of a stake of about 20% in Lonrho PLC.@@@@1@32@@oe@2-2-2013
21449009@unknown@formal@none@1@S@However, Bond Corp. said the tax benefits remain available and might be used later.@@@@1@14@@oe@2-2-2013
21449010@unknown@formal@none@1@S@Earnings before interest and tax from brewing dived 50% to A$123.8 million from A$247.3 million.@@@@1@15@@oe@2-2-2013
21449011@unknown@formal@none@1@S@The company said the general financial performance of its U.S. brewing operations, G. Heileman Brewing Co., was "disappointing, and this has been reflected in the results."@@@@1@26@@oe@2-2-2013
21449012@unknown@formal@none@1@S@Bond Corp.'s shares closed Friday before news of the results at 28 Australian cents a share, up one Australian cent.@@@@1@20@@oe@2-2-2013
21449013@unknown@formal@none@1@S@The staggering losses cap a tumultuous year for Alan Bond and his flagship, Bond Corp.@@@@1@15@@oe@2-2-2013
21449014@unknown@formal@none@1@S@Only a year ago, the chairman of Bond Corp., who controls about 58% of the company, appeared to be building a war chest to attack some big companies.@@@@1@28@@oe@2-2-2013
21449015@unknown@formal@none@1@S@Now Bond Corp. has agreed to sell at least half its Australian brewing assets.@@@@1@14@@oe@2-2-2013
21449016@unknown@formal@none@1@S@It has sold billions of dollars of other assets and has more on the block.@@@@1@15@@oe@2-2-2013
21449017@unknown@formal@none@1@S@But in a TV interview Sunday Mr. Bond said, "We've taken a big loss.@@@@1@14@@oe@2-2-2013
21449018@unknown@formal@none@1@S@We've taken it on the chin.@@@@1@6@@oe@2-2-2013
21449019@unknown@formal@none@1@S@But we're out there and we're going to stay in business.@@@@1@11@@oe@2-2-2013
21449020@unknown@formal@none@1@S@Bond Corp. signaled it will focus on building its domestic and international media and communications businesses.@@@@1@16@@oe@2-2-2013
21449021@unknown@formal@none@1@S@It said it will look at opportunities in brewing, property and energy resources to the extent consistent with the dominant objective of manageable debt-to-assets ratios.@@@@1@25@@oe@2-2-2013
21449022@unknown@formal@none@1@S@The result "will ultimately be a very different group in size and structure," Bond Corp. directors said in a statement.@@@@1@20@@oe@2-2-2013
21449023@unknown@formal@none@1@S@Some analysts contend the total writeoffs should have been much greater, and Bond Corp.'s auditors cited a list of several assets and deals about which there is "uncertainty" regarding the current value and potential impact on the firm.@@@@1@38@@oe@2-2-2013
21449024@unknown@formal@none@1@S@Bond Corp. said the acknowledged losses mean net asset backing is in the red to the tune of 53 Australian cents a share, vs. positive asset backing of A$1.92 a share a year ago.@@@@1@34@@oe@2-2-2013
21449025@unknown@formal@none@1@S@Still, the directors said, "Having fully considered all aspects of the company's state of affairs and future cash flows, the directors confirm absolutely that the company is solvent."@@@@1@28@@oe@2-2-2013
21449026@unknown@formal@none@1@S@Indeed, in a note to the results, directors said if the "true worth" of some of the group's assets were taken into account instead of using book values, the negative net asset backing a share would turn into "a substantial positive" one.@@@@1@42@@oe@2-2-2013
21450001@unknown@formal@none@1@S@The Bakersfield Supermarket went out of business last May.@@@@1@9@@oe@2-2-2013
21450002@unknown@formal@none@1@S@The reason was not high interest rates or labor costs.@@@@1@10@@oe@2-2-2013
21450003@unknown@formal@none@1@S@Nor was there a shortage of customers in the area, the residential Inwood section of northern Manhattan.@@@@1@17@@oe@2-2-2013
21450004@unknown@formal@none@1@S@The business closed when the owner was murdered by robbers.@@@@1@10@@oe@2-2-2013
21450005@unknown@formal@none@1@S@The owner was Israel Ortiz, a 29-year-old entrepreneur and father of two.@@@@1@12@@oe@2-2-2013
21450006@unknown@formal@none@1@S@In his first year of operating the store he bought for $220,000, Mr. Ortiz was robbed at least twice at gunpoint.@@@@1@21@@oe@2-2-2013
21450007@unknown@formal@none@1@S@The first time he was shot in the hand as he chased the robbers outside.@@@@1@15@@oe@2-2-2013
21450008@unknown@formal@none@1@S@The second time he identified two robbers, who were arrested and charged.@@@@1@12@@oe@2-2-2013
21450009@unknown@formal@none@1@S@Two weeks later -- perhaps in retaliation -- Mr. Ortiz was shot three times in the back, during what police classified as a third robbery attempt.@@@@1@26@@oe@2-2-2013
21450010@unknown@formal@none@1@S@That was his reward for working until 11 p.m. seven days a week to cover his $3,000 a month rent.@@@@1@20@@oe@2-2-2013
21450011@unknown@formal@none@1@S@For providing what his customers described as very personal and helpful service.@@@@1@12@@oe@2-2-2013
21450012@unknown@formal@none@1@S@For creating a focus for neighborhood life.@@@@1@7@@oe@2-2-2013
21450013@unknown@formal@none@1@S@Israel Ortiz is only one of the thousands of entrepreneurs and their employees who will be injured or killed by crime this year.@@@@1@23@@oe@2-2-2013
21450014@unknown@formal@none@1@S@The U.S. Bureau of Justice Statistics reports that almost 2% of all retail-sales workers suffer injuries from crime each year, almost twice the national average and about four times the rate for teachers, truck drivers, medical workers and door-to-door salespeople.@@@@1@40@@oe@2-2-2013
21450015@unknown@formal@none@1@S@Only a few other occupations have higher reported rates of criminal injury, such as police, bartenders and taxi drivers.@@@@1@19@@oe@2-2-2013
21450016@unknown@formal@none@1@S@Yet these figures show only the most visible part of the problem.@@@@1@12@@oe@2-2-2013
21450017@unknown@formal@none@1@S@Recent data from New York City provide more of the picture.@@@@1@11@@oe@2-2-2013
21450018@unknown@formal@none@1@S@While by no means the highest crime community in the country, New York is a prime example of a city where crime strangles small-business development.@@@@1@25@@oe@2-2-2013
21450019@unknown@formal@none@1@S@A survey of small businesses there was conducted this spring by Interface, a policy research organization.@@@@1@16@@oe@2-2-2013
21450020@unknown@formal@none@1@S@It gave 1,124 businesses a questionnaire and analyzed 353 responses.@@@@1@10@@oe@2-2-2013
21450021@unknown@formal@none@1@S@The survey found that over a three-year period 22% of the firms said employees or owners had been robbed on their way to or from work or while on the job.@@@@1@31@@oe@2-2-2013
21450022@unknown@formal@none@1@S@Seventeen percent reported their customers being robbed.@@@@1@7@@oe@2-2-2013
21450023@unknown@formal@none@1@S@Crime was the reason that 26% reported difficulty recruiting personnel and that 19% said they were considering moving.@@@@1@18@@oe@2-2-2013
21450024@unknown@formal@none@1@S@More than one-third of the responding businesses said they suffer from drug dealing and loitering near their premises.@@@@1@18@@oe@2-2-2013
21450025@unknown@formal@none@1@S@In Brooklyn and the Bronx, one out of four commercial firms is burglarized each year.@@@@1@15@@oe@2-2-2013
21450026@unknown@formal@none@1@S@Industrial neighborhoods fare even worse, with burglary rates twice the citywide average.@@@@1@12@@oe@2-2-2013
21450027@unknown@formal@none@1@S@Crime is clearly more deadly to small-scale entrepreneurship than to big businesses.@@@@1@12@@oe@2-2-2013
21450028@unknown@formal@none@1@S@Two decades ago, the Small Business Administration reported Yale Prof. Albert Reiss's landmark study of crime against 2,500 small businesses drawn from national IRS records.@@@@1@25@@oe@2-2-2013
21450029@unknown@formal@none@1@S@He found that monetary crime losses, as a proportion of gross receipts, were 37 times higher for small businesses than for large ones.@@@@1@23@@oe@2-2-2013
21450030@unknown@formal@none@1@S@The New York study's companies averaged 27 employees; their annual crime losses averaged about $15,000, with an additional $8,385 annual cost in security -- enough money to hire at least one more worker.@@@@1@33@@oe@2-2-2013
21450031@unknown@formal@none@1@S@The costs of crime may also be enough to destroy a struggling business.@@@@1@13@@oe@2-2-2013
21450032@unknown@formal@none@1@S@Whatever the monetary crime losses, they may not be nearly as important to entrepreneurs as the risk of personal injury.@@@@1@20@@oe@2-2-2013
21450033@unknown@formal@none@1@S@After repeated gun robberies, some entrepreneurs may give up a business out of fear for their lives.@@@@1@17@@oe@2-2-2013
21450034@unknown@formal@none@1@S@One Washington couple recently sold their liquor store after 34 years in business that included four robbery deaths and 16 robberies or burglaries on the premises.@@@@1@26@@oe@2-2-2013
21450035@unknown@formal@none@1@S@These findings illustrate the vicious cycle that National Institute of Justice Director James K. Stewart calls "crime causing poverty."@@@@1@19@@oe@2-2-2013
21450036@unknown@formal@none@1@S@Underclass neighborhoods offer relatively few employment opportunities, contributing to the poverty of local residents.@@@@1@14@@oe@2-2-2013
21450037@unknown@formal@none@1@S@Small neighborhood businesses could provide more jobs, if crime were not so harmful to creating and maintaining those businesses.@@@@1@19@@oe@2-2-2013
21450038@unknown@formal@none@1@S@This may help explain why small businesses create 65% of all jobs nationally, but only 22% of jobs in a crime-ridden city like New York.@@@@1@25@@oe@2-2-2013
21450039@unknown@formal@none@1@S@Bigger business can often better afford to minimize the cost of crime.@@@@1@12@@oe@2-2-2013
21450040@unknown@formal@none@1@S@The New York study found that the cost of security measures in firms with fewer than five employees was almost $1,000 per worker, compared with one-third that amount for firms with more than 10 employees.@@@@1@35@@oe@2-2-2013
21450041@unknown@formal@none@1@S@The shift of retailing to large shopping centers has created even greater economies of scale for providing low-crime business environments.@@@@1@20@@oe@2-2-2013
21450042@unknown@formal@none@1@S@Private security guards and moonlighting police can invoke the law of trespass to regulate access to these quasi-public places.@@@@1@19@@oe@2-2-2013
21450043@unknown@formal@none@1@S@Since 1984, in fact, revenues of the 10 largest guard companies, primarily serving such big businesses, have increased by almost 62%.@@@@1@21@@oe@2-2-2013
21450044@unknown@formal@none@1@S@Few small neighborhood businesses, however, can afford such protection, even in collaboration with other local merchants.@@@@1@16@@oe@2-2-2013
21450045@unknown@formal@none@1@S@In the neighborhoods with the highest crime rates, small business generally relies on the public police force for protection.@@@@1@19@@oe@2-2-2013
21450046@unknown@formal@none@1@S@This creates several problems.@@@@1@4@@oe@2-2-2013
21450047@unknown@formal@none@1@S@One is that there are not enough police to satisfy small businesses.@@@@1@12@@oe@2-2-2013
21450048@unknown@formal@none@1@S@The number one proposal for reducing crime in the New York survey was to put more police on foot or scooter patrol, suggested by more than two-thirds of the respondents.@@@@1@30@@oe@2-2-2013
21450049@unknown@formal@none@1@S@Only 22% supported private security patrols funded by the merchants themselves.@@@@1@11@@oe@2-2-2013
21450050@unknown@formal@none@1@S@A second problem is the persistent frustration of false alarms, which can make urban police less than enthusiastic about responding to calls from small businesses.@@@@1@25@@oe@2-2-2013
21450051@unknown@formal@none@1@S@Only half the New York small businesses surveyed, for their part, are satisfied with the police response they receive.@@@@1@19@@oe@2-2-2013
21450052@unknown@formal@none@1@S@Some cities, including New York, have experimented with special tax districts for commercial areas that provide additional patrols funded by local businesses.@@@@1@22@@oe@2-2-2013
21450053@unknown@formal@none@1@S@But this raises added cost barriers to urban entrepreneurship.@@@@1@9@@oe@2-2-2013
21450054@unknown@formal@none@1@S@Another solution cities might consider is giving special priority to police patrols of small-business areas.@@@@1@15@@oe@2-2-2013
21450055@unknown@formal@none@1@S@For cities losing business to suburban shopping centers, it may be a wise business investment to help keep those jobs and sales taxes within city limits.@@@@1@26@@oe@2-2-2013
21450056@unknown@formal@none@1@S@Increased patrolling of business zones makes sense because urban crime is heavily concentrated in such "hot spots" of pedestrian density.@@@@1@20@@oe@2-2-2013
21450057@unknown@formal@none@1@S@With National Institute of Justice support, the Minneapolis police and the Crime Control Institute are currently testing the effects of such a strategy, comparing its deterrence value with traditional random patrols.@@@@1@31@@oe@2-2-2013
21450058@unknown@formal@none@1@S@Small-business patrols would be an especially helpful gesture whenever a small-business person is scheduled to testify against a robbery suspect.@@@@1@20@@oe@2-2-2013
21450059@unknown@formal@none@1@S@While no guarantee, an increased police presence might even deter further attacks.@@@@1@12@@oe@2-2-2013
21450060@unknown@formal@none@1@S@It might even have saved the life, and business, of Israel Ortiz.@@@@1@12@@oe@2-2-2013
21450061@unknown@formal@none@1@S@Mr. Sherman is a professor of criminology at the University of Maryland and president of the Crime Control Institute in Washington, D.C.@@@@1@22@@oe@2-2-2013
21451001@unknown@formal@none@1@S@ENFIELD Corp. said in Toronto that it hopes to raise 56 million Canadian dollars (US$47.7 million) through a rights offering to shareholders.@@@@1@22@@oe@2-2-2013
21451002@unknown@formal@none@1@S@Under the offer, shareholders can purchase one Enfield share at C$6.27 for each five shares held.@@@@1@16@@oe@2-2-2013
21451003@unknown@formal@none@1@S@In Toronto Stock Exchange trading Friday, Enfield closed at C$6.75, down 37.5 cents.@@@@1@13@@oe@2-2-2013
21451004@unknown@formal@none@1@S@The holding company said the rights offering should reduce its C$171 million debt to "more manageable levels" before Dec. 31 and allow it to finance future investments with equity capital.@@@@1@30@@oe@2-2-2013
21451005@unknown@formal@none@1@S@At last report, Enfield had about 44.5 million shares outstanding.@@@@1@10@@oe@2-2-2013
21452001@unknown@formal@none@1@S@Former U.N. Ambassador Jeane Kirkpatrick, in a CNN "Capital Gang" discussion Oct. 7 of House action on federal catastrophic-illness insurance:@@@@1@20@@oe@2-2-2013
21452002@unknown@formal@none@1@S@I think this repeal was kind of a thoughtless action, as a matter of fact. . . .@@@@1@18@@oe@2-2-2013
21452003@unknown@formal@none@1@S@They will have to revisit this issue, and they'll have to revisit it before long.@@@@1@15@@oe@2-2-2013
21453001@unknown@formal@none@1@S@Diversification pays.@@@@1@2@@oe@2-2-2013
21453002@unknown@formal@none@1@S@That's a fundamental lesson for investors, but its truth was demonstrated once again in the performance of mutual funds during and after the stock market's Friday-the-13th plunge.@@@@1@27@@oe@2-2-2013
21453003@unknown@formal@none@1@S@Stock funds, like the market as a whole, generally dropped more than 2% in the week through last Thursday, according to figures compiled by Lipper Analytical Services Inc.@@@@1@28@@oe@2-2-2013
21453004@unknown@formal@none@1@S@That reflects the huge drop a week ago Friday, last Monday's rebound and the dips and blips that followed.@@@@1@19@@oe@2-2-2013
21453005@unknown@formal@none@1@S@But several other types of funds shielded investors from the worst of the market's slide.@@@@1@15@@oe@2-2-2013
21453006@unknown@formal@none@1@S@Funds that invest internationally were the top-performing stock and fixed-income funds.@@@@1@11@@oe@2-2-2013
21453007@unknown@formal@none@1@S@"More than ever, people should realize they should have a diversified portfolio," said Jeremy Duffield, a senior vice president of Vanguard Group.@@@@1@22@@oe@2-2-2013
21453008@unknown@formal@none@1@S@"That means stocks, bonds, money market instruments and real estate."@@@@1@10@@oe@2-2-2013
21453009@unknown@formal@none@1@S@One week's performance shouldn't be the basis for any investment decision.@@@@1@11@@oe@2-2-2013
21453010@unknown@formal@none@1@S@But the latest mutual fund performance figures do show what can happen when the going gets rough.@@@@1@17@@oe@2-2-2013
21453011@unknown@formal@none@1@S@"You want to know how a fund did when the market got hammered," said Kurt Brouwer, an investment adviser with Brouwer & Janachowski in San Francisco.@@@@1@26@@oe@2-2-2013
21453012@unknown@formal@none@1@S@"It's like kicking the tires of a car . . . .@@@@1@12@@oe@2-2-2013
21453013@unknown@formal@none@1@S@What you want to know is when the road's rough, when there's snow and ice, how's this car going to perform?"@@@@1@21@@oe@2-2-2013
21453014@unknown@formal@none@1@S@General equity funds fell an average of 2.35% in the week ended Thursday, compared with a 2.32% slide for the Standard & Poor's 500-stock index.@@@@1@25@@oe@2-2-2013
21453015@unknown@formal@none@1@S@But Lipper Analytical's figures show that there were a number of ways investors could have cushioned themselves from the stock market's gyrations.@@@@1@22@@oe@2-2-2013
21453016@unknown@formal@none@1@S@Gold-oriented funds, for instance, which invest in companies that mine and process the precious metal, posted an average decline of 1.15%.@@@@1@21@@oe@2-2-2013
21453017@unknown@formal@none@1@S@Flexible portfolio funds, which allocate investments among stocks, bonds and money-market instruments and other investments, declined at about half the rate of stock funds -- an average drop of 1.27%, according to Lipper.@@@@1@33@@oe@2-2-2013
21453018@unknown@formal@none@1@S@Global allocation funds take the asset-allocation concept one step further by investing at least 25% of their portfolios outside the U.S.@@@@1@21@@oe@2-2-2013
21453019@unknown@formal@none@1@S@This gives them the added benefits of international diversification -- including a foreign-exchange boost during periods, like the past week, when the dollar declines against other major currencies.@@@@1@28@@oe@2-2-2013
21453020@unknown@formal@none@1@S@With all that going for them, global flexible portfolio funds declined only 1.07% in the week through last Thursday.@@@@1@19@@oe@2-2-2013
21453021@unknown@formal@none@1@S@But while the merits of diversification shine through when times are tough, there's also a price to pay: A diversified portfolio always underperforms an undiversified portfolio during those times when the investment in the undiversified portfolio is truly hot.@@@@1@39@@oe@2-2-2013
21453022@unknown@formal@none@1@S@And Friday the 13th notwithstanding, stocks have been this year's hot investment.@@@@1@12@@oe@2-2-2013
21453023@unknown@formal@none@1@S@Thus, even including the latest week, the average general stock fund has soared more than 24% so far this year, the Lipper Analytical figures show.@@@@1@25@@oe@2-2-2013
21453024@unknown@formal@none@1@S@By comparison, global asset allocation funds have turned in an average total return of about 19%, while domestic flexible portfolios are up about 17%.@@@@1@24@@oe@2-2-2013
21453025@unknown@formal@none@1@S@Fixed-income funds have returned 8.2%, while gold funds, which tend to be volatile, have risen just 4.55%, on average.@@@@1@19@@oe@2-2-2013
21453026@unknown@formal@none@1@S@"That's the problem with trying to hedge too much," said Mr. Brouwer.@@@@1@12@@oe@2-2-2013
21453027@unknown@formal@none@1@S@"You don't make any real money."@@@@1@6@@oe@2-2-2013
21453028@unknown@formal@none@1@S@Over the last 20 years, for example, Mr. Brouwer says, an investor putting $5,000 a year in the S&P 500 would have made nearly twice as much than if it were invested in Treasury bills.@@@@1@35@@oe@2-2-2013
21453029@unknown@formal@none@1@S@Some equity funds did better than others in the week that began on Friday the 13th.@@@@1@16@@oe@2-2-2013
21453030@unknown@formal@none@1@S@The $4 million Monetta Fund, for instance, was the seventh top performing fund for the week, with a 2.65% return.@@@@1@20@@oe@2-2-2013
21453031@unknown@formal@none@1@S@Its return so far this year has been a credible 21.71%.@@@@1@11@@oe@2-2-2013
21453032@unknown@formal@none@1@S@The fund's strategy is to sell when a stock appreciates 30% over its cost.@@@@1@14@@oe@2-2-2013
21453033@unknown@formal@none@1@S@By the time the market plummeted 10 days ago, Monetta was 55% in cash, said Robert Bacarella, president and portfolio manager.@@@@1@21@@oe@2-2-2013
21453034@unknown@formal@none@1@S@Last Monday, he started "buying the high-quality growth companies that people were throwing away at discount prices."@@@@1@17@@oe@2-2-2013
21453035@unknown@formal@none@1@S@Among Mr. Bacarella's picks: Oracle Systems, Reebok International Ltd. and Digital Microwave Corp.@@@@1@13@@oe@2-2-2013
21453036@unknown@formal@none@1@S@The fund's cash position is now about 22%, which Mr. Bacarella calls "still bearish."@@@@1@14@@oe@2-2-2013
21453037@unknown@formal@none@1@S@Among the big stock funds, Dreyfus Fund, with more than $2 billion in assets, had a decline of just 1.49% for the week and a return of 21.42% for the year.@@@@1@31@@oe@2-2-2013
21453038@unknown@formal@none@1@S@Howard Stein, chairman of Dreyfus Corp., said the fund was about half invested in government bonds on Oct. 13, and about 10% in cash.@@@@1@24@@oe@2-2-2013
21453039@unknown@formal@none@1@S@"In a downward market, bonds act better," he said.@@@@1@9@@oe@2-2-2013
21453040@unknown@formal@none@1@S@"We still think there's a lot of unsettlement in this market.@@@@1@11@@oe@2-2-2013
21453041@unknown@formal@none@1@S@We believe interest rates will continue to trend lower, and the economy will slow around the world."@@@@1@17@@oe@2-2-2013
21453042@unknown@formal@none@1@S@Many of the funds that did best in the last week are heavily invested overseas, giving them the benefit of foreign currency translations when the dollar is weak.@@@@1@28@@oe@2-2-2013
21453043@unknown@formal@none@1@S@From its high point on Thursday, Oct. 12, to where it traded late in New York a week later, the dollar fell 3.6% against the West German mark, 3.4% against the British pound and 2.1% against the Japanese yen.@@@@1@39@@oe@2-2-2013
21453044@unknown@formal@none@1@S@Three International Cash Portfolios funds, which invest almost exclusively in bonds and money-market instruments overseas, were among the four top-performing funds in the latest week.@@@@1@25@@oe@2-2-2013
21453045@unknown@formal@none@1@S@Because the funds' investments are denominated in foreign currencies, their value expressed in dollars goes up when those currencies rise against the dollar.@@@@1@23@@oe@2-2-2013
21453046@unknown@formal@none@1@S@But when the dollar rises against major foreign currencies, as it did for much of this year, the dollar value of these funds declines.@@@@1@24@@oe@2-2-2013
21453047@unknown@formal@none@1@S@All three funds posted negative returns for the year to date.@@@@1@11@@oe@2-2-2013
21453048@unknown@formal@none@1@S@Of the funds that fared the worst in the post-Oct. 13 week, two are heavily invested in airlines stocks, which led the market slide following problems with financing for the UAL Corp. buy-out plan.@@@@1@34@@oe@2-2-2013
21453049@unknown@formal@none@1@S@Reflecting airline takeover activity, however, both the Fidelity Select Air Transportation Portfolio and the National Aviation & Technology fund posted better-than-average returns for the the year to date: 30.09% for the Fidelity Air Transportation fund and a whopping 47.24% for National Aviation & Technology.@@@@1@44@@oe@2-2-2013
21453050@unknown@formal@none@1@S@The small drop in equity funds in general in the latest week may not necessarily be a good sign, said A. Michael Lipper, president of Lipper Analytical.@@@@1@27@@oe@2-2-2013
21453051@unknown@formal@none@1@S@Noting that equity funds are up nearly 60% from their post-crash low on Dec. 3, 1987, he said that what happened last week "may not be enough of an adjustment.@@@@1@30@@oe@2-2-2013
21453052@unknown@formal@none@1@S@There's either more to come or an extremely long period of dullness."@@@@1@12@@oe@2-2-2013
21453053@unknown@formal@none@1@S@But investors don't seem to think so.@@@@1@7@@oe@2-2-2013
21453054@unknown@formal@none@1@S@Several big mutual fund groups said last week that cash flows into stock funds were heavier than usual after heavy outflows on the 13th.@@@@1@24@@oe@2-2-2013
21453055@unknown@formal@none@1@S@Vanguard Group said it had a more than $50 million net inflow into its stock funds last week.@@@@1@18@@oe@2-2-2013
21453056@unknown@formal@none@1@S@"There certainly hasn't been a panic reaction," said Steven Norwitz, a vice president at T. Rowe Price Associates.@@@@1@18@@oe@2-2-2013
21453057@unknown@formal@none@1@S@"People showed some staying power and, in fact, interest in buying equities."@@@@1@12@@oe@2-2-2013
21453058@unknown@formal@none@1@S@Source: Lipper Analytical Services Inc.@@@@1@5@@oe@2-2-2013
21453059@unknown@formal@none@1@S@*Not counting dividends@@@@1@3@@oe@2-2-2013
21453060@unknown@formal@none@1@S@**With dividends reinvested@@@@1@3@@oe@2-2-2013
21453061@unknown@formal@none@1@S@Sources: Lipper Analytical Services Inc.; Standard & Poor's Corp.@@@@1@9@@oe@2-2-2013
21454001@unknown@formal@none@1@S@Guardian Royal Exchange Assurance PLC, a major British composite insurer, said it is taking a stake in Nationwide Anglia Building Society's estate agency business as part of a plan to create a range of commercial linkages in the U.K. and Europe.@@@@1@41@@oe@2-2-2013
21454002@unknown@formal@none@1@S@Officials declined to disclose the value of the transaction or the exact stake that GRE will hold in Nationwide Anglia Estate Agents.@@@@1@22@@oe@2-2-2013
21454003@unknown@formal@none@1@S@But the companies said that Nationwide Anglia Estate Agents will market GRE life insurance, pension and investment products through its more than 1,000 retail outlets in the U.K.@@@@1@28@@oe@2-2-2013
21454004@unknown@formal@none@1@S@Besides the marketing agreement, GRE said Nationwide Anglia has agreed to develop life insurance products with the composite insurer.@@@@1@19@@oe@2-2-2013
21455001@unknown@formal@none@1@S@Sitting at the bar of the Four Seasons restaurant, architect William McDonough seems oblivious to the glamorous clientele and the elegant setting.@@@@1@22@@oe@2-2-2013
21455002@unknown@formal@none@1@S@He is ogling the curtains rippling above the ventilation ducts.@@@@1@10@@oe@2-2-2013
21455003@unknown@formal@none@1@S@"Look how much air is moving around!" he says.@@@@1@9@@oe@2-2-2013
21455004@unknown@formal@none@1@S@"The ventilation here is great!"@@@@1@5@@oe@2-2-2013
21455005@unknown@formal@none@1@S@You may be hearing more about the 38-year-old Mr. McDonough and his preoccupation with clean air.@@@@1@16@@oe@2-2-2013
21455006@unknown@formal@none@1@S@After years of relative obscurity, he is starting to attract notice for the ecological as well as the aesthetic quality of his architecture.@@@@1@23@@oe@2-2-2013
21455007@unknown@formal@none@1@S@Mr. McDonough believes that the well-being of the planet depends on such stratagems as opening windows to cut indoor air pollution, tacking down carpets instead of using toxic glues, and avoiding mahogany, which comes from endangered rain forests.@@@@1@38@@oe@2-2-2013
21455008@unknown@formal@none@1@S@He has put some of his aesthetic ideas into practice with his design of the four-star Quilted Giraffe restaurant -- "architecturally impeccable," Progressive Architecture magazine called it -- and his remodeling of Paul Stuart, the Madison Avenue clothing store.@@@@1@39@@oe@2-2-2013
21455009@unknown@formal@none@1@S@He has designed furniture and homes as well as commercial and office space.@@@@1@13@@oe@2-2-2013
21455010@unknown@formal@none@1@S@He is now designing a Broadway stage set for a show by the band Kid Creole and the Coconuts.@@@@1@19@@oe@2-2-2013
21455011@unknown@formal@none@1@S@What really stirs his muse, though, is aerobic architecture.@@@@1@9@@oe@2-2-2013
21455012@unknown@formal@none@1@S@Now the question is: Is Poland ready for it?@@@@1@9@@oe@2-2-2013
21455013@unknown@formal@none@1@S@Mr. McDonough is about to tackle his biggest clean-air challenge yet, the proposed Warsaw Trade Center in Poland, the first such center in Eastern Europe.@@@@1@25@@oe@2-2-2013
21455014@unknown@formal@none@1@S@The project has already acquired a certain New York cachet.@@@@1@10@@oe@2-2-2013
21455015@unknown@formal@none@1@S@Bloomingdale's plans to sell a foot-tall chocolate model of the center during the holidays.@@@@1@14@@oe@2-2-2013
21455016@unknown@formal@none@1@S@Some of the sales proceeds will go to the Design Industries Foundation for AIDS.@@@@1@14@@oe@2-2-2013
21455017@unknown@formal@none@1@S@A cake topped with a replica of the center will be auctioned at an AIDS benefit at Sotheby's in December.@@@@1@20@@oe@2-2-2013
21455018@unknown@formal@none@1@S@If Mr. McDonough's plans get executed, as much of the Polish center as possible will be made from aluminum, steel and glass recycled from Warsaw's abundant rubble.@@@@1@27@@oe@2-2-2013
21455019@unknown@formal@none@1@S@A 20-story mesh spire will stand atop 50 stories of commercial space.@@@@1@12@@oe@2-2-2013
21455020@unknown@formal@none@1@S@Solar-powered batteries will make the spire glow.@@@@1@7@@oe@2-2-2013
21455021@unknown@formal@none@1@S@The windows will open.@@@@1@4@@oe@2-2-2013
21455022@unknown@formal@none@1@S@The carpets won't be glued down, and walls will be coated with nontoxic finishes.@@@@1@14@@oe@2-2-2013
21455023@unknown@formal@none@1@S@To the extent that the $150 million budget will allow it, Mr. McDonough will rely on solid wood, rather than plywood or particle board, to limit the emission of formaldehyde.@@@@1@30@@oe@2-2-2013
21455024@unknown@formal@none@1@S@If Mr. McDonough has his way, the Poles will compensate for the trade center's emissions of carbon dioxide, a prime suspect in the global atmospheric warming many scientists fear.@@@@1@29@@oe@2-2-2013
21455025@unknown@formal@none@1@S@The Poles would plant a 10-square-mile forest somewhere in the country at a cost of $150,000, with the center's developer footing the bill.@@@@1@23@@oe@2-2-2013
21455026@unknown@formal@none@1@S@The news hasn't exactly moved others in Mr. McDonough's profession to become architectural Johnny Appleseeds.@@@@1@15@@oe@2-2-2013
21455027@unknown@formal@none@1@S@All architects want to be aware of the ecological consequences of their work, says John Burgee, whose New York firm is designing the redevelopment of Times Square, "but we can't all carry it to that extreme."@@@@1@36@@oe@2-2-2013
21455028@unknown@formal@none@1@S@Karen Nichols, senior associate at Michael Graves's architecture firm in Princeton, N.J., says: "We're really at the mercy of what the construction industry can and will do readily."@@@@1@28@@oe@2-2-2013
21455029@unknown@formal@none@1@S@Mr. McDonough responds: "I'm asking people to broaden their agendas."@@@@1@10@@oe@2-2-2013
21455030@unknown@formal@none@1@S@The son of a Seagram's executive who was stationed in many countries around the world, Mr. McDonough was born in Tokyo and attended 19 schools in places ranging from Hong Kong to Shaker Heights, Ohio, before entering Dartmouth College.@@@@1@39@@oe@2-2-2013
21455031@unknown@formal@none@1@S@He earned a master's degree in architecture from Yale.@@@@1@9@@oe@2-2-2013
21455032@unknown@formal@none@1@S@His interest in the natural environment dates from his youth.@@@@1@10@@oe@2-2-2013
21455033@unknown@formal@none@1@S@He and his father still spend time each summer fly-fishing for salmon in Iceland.@@@@1@14@@oe@2-2-2013
21455034@unknown@formal@none@1@S@Living in Hong Kong, he says, made him sensitive to the limits on food, power and water supplies.@@@@1@18@@oe@2-2-2013
21455035@unknown@formal@none@1@S@At his first school in the U.S. he was thought a little strange for shutting off open water taps and admonishing his schoolmates to take only brief showers.@@@@1@28@@oe@2-2-2013
21455036@unknown@formal@none@1@S@He and a Dartmouth roommate established a company that restored three hydroelectric power plants in Vermont.@@@@1@16@@oe@2-2-2013
21455037@unknown@formal@none@1@S@At Yale, he designed one of the first solarheated houses to be built in Ireland.@@@@1@15@@oe@2-2-2013
21455038@unknown@formal@none@1@S@Mr. McDonough's first professional project fully to reflect his environmental ardor was his 1986 design for the headquarters of the Environmental Defense Fund in New York.@@@@1@26@@oe@2-2-2013
21455039@unknown@formal@none@1@S@The offices took 10,000 square feet of a building with 14-foot ceilings and big, operable windows.@@@@1@16@@oe@2-2-2013
21455040@unknown@formal@none@1@S@Since the 1970s energy crisis, some efforts to conserve energy by sealing buildings have had an unintended side effect: high indoor pollution.@@@@1@22@@oe@2-2-2013
21455041@unknown@formal@none@1@S@To reduce it at the fund's building, workers rubbed beeswax instead of polyurethane on the floors in the executive director's office.@@@@1@21@@oe@2-2-2013
21455042@unknown@formal@none@1@S@Jute, rather than a synthetic material, lies under the tacked-down carpets, and the desks are of wood and granite instead of plastic.@@@@1@22@@oe@2-2-2013
21455043@unknown@formal@none@1@S@The budget was only $400,000.@@@@1@5@@oe@2-2-2013
21455044@unknown@formal@none@1@S@"Athens with Spartan means," Mr. McDonough says.@@@@1@7@@oe@2-2-2013
21455045@unknown@formal@none@1@S@The fund's lawyers work in an Athenian grove of potted trees.@@@@1@11@@oe@2-2-2013
21455046@unknown@formal@none@1@S@Economists and administrators sit along a "boulevard" with street lamps and ficus trees.@@@@1@13@@oe@2-2-2013
21455047@unknown@formal@none@1@S@In offices, triphosphorous bulbs simulate daylight.@@@@1@6@@oe@2-2-2013
21455048@unknown@formal@none@1@S@Offices with outside windows have inside windows, too, to let in more real daylight.@@@@1@14@@oe@2-2-2013
21455049@unknown@formal@none@1@S@"We proved a healthy office doesn't cost more," says Frederic Krupp, executive director of the fund.@@@@1@16@@oe@2-2-2013
21455050@unknown@formal@none@1@S@It "really looks beautiful and is very light," says Ann Hornaday, a free-lance writer who has visited the office for lunch meetings.@@@@1@22@@oe@2-2-2013
21455051@unknown@formal@none@1@S@But, she says, "I guess I didn't really notice the trees.@@@@1@11@@oe@2-2-2013
21455052@unknown@formal@none@1@S@Maybe they were hidden by all the people."@@@@1@8@@oe@2-2-2013
21455053@unknown@formal@none@1@S@Neither the Quilted Giraffe nor the Paul Stuart renovation reflects much of Mr. McDonough's environmental concern.@@@@1@16@@oe@2-2-2013
21455054@unknown@formal@none@1@S@The restaurant was conceived as a sparkling, crystalline "geode."@@@@1@9@@oe@2-2-2013
21455055@unknown@formal@none@1@S@It makes extensive use of stainless steel, silver and aluminum that sets off black granite table tops and a gray terrazzo with zinc-strip floors.@@@@1@24@@oe@2-2-2013
21455056@unknown@formal@none@1@S@To more than replace the wood from two English oaks used for paneling at Paul Stuart, however, Mr. McDonough and friends planted 1,000 acorns around the country.@@@@1@27@@oe@2-2-2013
21455057@unknown@formal@none@1@S@The ambitious Warsaw project still awaits approval by city officials.@@@@1@10@@oe@2-2-2013
21455058@unknown@formal@none@1@S@Its developer is a Polish American, Sasha Muniak.@@@@1@8@@oe@2-2-2013
21455059@unknown@formal@none@1@S@He had worked with Mr. McDonough on an earlier project and recruited him as architect for the trade center.@@@@1@19@@oe@2-2-2013
21455060@unknown@formal@none@1@S@The center will provide space for computer hardware and facsimile and other telecommunications equipment, not readily accessible in Poland now, for a growing number of Westerners doing business in Eastern Europe.@@@@1@31@@oe@2-2-2013
21455061@unknown@formal@none@1@S@Mr. McDonough thinks of the center as the "Eiffel Tower of Warsaw" and "a symbol of the resurgence of Poland."@@@@1@20@@oe@2-2-2013
21455062@unknown@formal@none@1@S@If any nation can use environmentally benign architecture, it is Poland.@@@@1@11@@oe@2-2-2013
21455063@unknown@formal@none@1@S@Jessica Mathews, vice president of World Resources Institute in Washington, D.C., says that perhaps a quarter of Poland's soil is too contaminated for safe farming because of air pollution.@@@@1@29@@oe@2-2-2013
21455064@unknown@formal@none@1@S@The pollution is also killing forests and destroying buildings that date back to the Middle Ages.@@@@1@16@@oe@2-2-2013
21455065@unknown@formal@none@1@S@The future of the forest remains uncertain.@@@@1@7@@oe@2-2-2013
21455066@unknown@formal@none@1@S@Mr. Muniak's company, Balag Ltd., has agreed to set aside the money to plant and maintain it, but discussions are still going on over where to place it and how to ensure that it will be maintained.@@@@1@37@@oe@2-2-2013
21455067@unknown@formal@none@1@S@After all, Mr. Muniak says, "in Poland there aren't too many people worried about the environment.@@@@1@16@@oe@2-2-2013
21455068@unknown@formal@none@1@S@They're more worried about bread on the table.@@@@1@8@@oe@2-2-2013
21456001@unknown@formal@none@1@S@Pittston Co.'s third-quarter net income plunged 79%, reflecting the impact of a prolonged and bitter labor strike at its coal operations.@@@@1@21@@oe@2-2-2013
21456002@unknown@formal@none@1@S@Net sank to $3.1 million, or eight cents a share, including $789,000, or two cents a share, reflecting a tax-loss carry-forward.@@@@1@21@@oe@2-2-2013
21456003@unknown@formal@none@1@S@In the year-ago quarter, net totaled $14.7 million, or 38 cents a share, including $4 million, or 10 cents a share, reflecting a tax-loss carry-forward.@@@@1@25@@oe@2-2-2013
21456004@unknown@formal@none@1@S@Revenue slipped 0.7% to $395.3 million from $398.3 million.@@@@1@9@@oe@2-2-2013
21456005@unknown@formal@none@1@S@Pittston also owns Brink's Inc., the security service, and Burlington Air Express, the air-freight concern.@@@@1@15@@oe@2-2-2013
21456006@unknown@formal@none@1@S@In addition to expected losses tied to the labor strike, the coal group has spent almost $20 million since the strike began for security, the company said.@@@@1@27@@oe@2-2-2013
21456007@unknown@formal@none@1@S@As a result, the group's third-quarter loss widened to $9.8 million from the second quarter's $3.6 million.@@@@1@17@@oe@2-2-2013
21456008@unknown@formal@none@1@S@Pittston continues to hire replacement workers, the company said.@@@@1@9@@oe@2-2-2013
21456009@unknown@formal@none@1@S@Burlington's operating profit grew to $9.2 million from $3.8 million a year earlier, Pittston said.@@@@1@15@@oe@2-2-2013
21456010@unknown@formal@none@1@S@While "the tone" of domestic and international air-freight markets remains sound, seasonal factors are likely to hinder Burlington Air from matching third-quarter results in the fourth quarter, Pittston said.@@@@1@29@@oe@2-2-2013
21456011@unknown@formal@none@1@S@Brink's operating profit was about flat with the year-earlier period, reflecting continued pricing and cost pressures.@@@@1@16@@oe@2-2-2013
21456012@unknown@formal@none@1@S@In New York Stock Exchange composite trading Friday, Pittston closed at $18.50 a share, down 12.5 cents.@@@@1@17@@oe@2-2-2013
21457001@unknown@formal@none@1@S@Doesn't anybody here want to win this mayor's race?@@@@1@9@@oe@2-2-2013
21457002@unknown@formal@none@1@S@As they stumble and bumble toward election day two weeks from tomorrow, both Democrat David Dinkins and Republican Rudolph Giuliani are in trouble.@@@@1@23@@oe@2-2-2013
21457003@unknown@formal@none@1@S@Mr. Dinkins, the Manhattan borough president, can afford more bumbling and stumbling because he holds a comfortable 20-point lead in most of the public-opinion polls.@@@@1@25@@oe@2-2-2013
21457004@unknown@formal@none@1@S@But, in the past 10 days, he has taken a series of body blows to his pride and his reputation that could adversely affect his ability to govern this tumultuous city should he become New York's first black mayor.@@@@1@39@@oe@2-2-2013
21457005@unknown@formal@none@1@S@Ordinarily, a clever opponent would find a way to capitalize on the other side's misfortunes.@@@@1@15@@oe@2-2-2013
21457006@unknown@formal@none@1@S@But Mr. Giuliani, a celebrated prosecutor, has had difficulty switching from his crime-busting, finger-pointing mode to a political stance that suggests he might know something about running this big, troubled city.@@@@1@31@@oe@2-2-2013
21457007@unknown@formal@none@1@S@And now, at the crucial moment, he's running out of money.@@@@1@11@@oe@2-2-2013
21457008@unknown@formal@none@1@S@This is the nation's biggest city and, traditionally, its mayor is the nation's best-known urban politician.@@@@1@16@@oe@2-2-2013
21457009@unknown@formal@none@1@S@Democrats hoped that Mr. Dinkins could become a highly visible national leader.@@@@1@12@@oe@2-2-2013
21457010@unknown@formal@none@1@S@Republicans figured that in Mr. Giuliani, the nation's best-known prosecutor, they had a chance for a huge upset in the heart of Democratic territory and that they would pick up a new political star.@@@@1@34@@oe@2-2-2013
21457011@unknown@formal@none@1@S@But it hasn't worked out that way.@@@@1@7@@oe@2-2-2013
21457012@unknown@formal@none@1@S@"Dinkins is a decent but sloppy guy," says David Garth, veteran campaign consultant here who has always worked for Mayor Edward Koch, defeated by Mr. Dinkins in the Sept. 12 Democratic primary.@@@@1@32@@oe@2-2-2013
21457013@unknown@formal@none@1@S@"The alternative -- Giuliani -- is ghastly."@@@@1@7@@oe@2-2-2013
21457014@unknown@formal@none@1@S@"I guess we'll reluctantly go ahead and do it, vote for Dinkins," says Richard Wade, a politically active professor who supported Richard Ravitch, an also-ran in the Democratic primary.@@@@1@29@@oe@2-2-2013
21457015@unknown@formal@none@1@S@"There's nothing on the other side."@@@@1@6@@oe@2-2-2013
21457016@unknown@formal@none@1@S@"We're picking up steam," insists Roger Ailes, Mr. Giuliani's media consultant, whose last big campaign helped put George Bush in the White House.@@@@1@23@@oe@2-2-2013
21457017@unknown@formal@none@1@S@He adds: "It just hasn't gotten down to the engine room yet."@@@@1@12@@oe@2-2-2013
21457018@unknown@formal@none@1@S@But the steam may never reach the engine room.@@@@1@9@@oe@2-2-2013
21457019@unknown@formal@none@1@S@For, just as Mr. Giuliani latches on to an issue that has Mr. Dinkins reeling, his campaign desperately needs cash to keep Mr. Ailes's commercials on the air beyond Wednesday or Thursday.@@@@1@32@@oe@2-2-2013
21457020@unknown@formal@none@1@S@To help out this week, the White House is dispatching chief of staff John Sununu and three Cabinet members -- HUD's Jack Kemp, Transportation's Samuel Skinner and Treasury's Nicholas Brady, according to Peter Powers, the Giuliani campaign manager.@@@@1@38@@oe@2-2-2013
21457021@unknown@formal@none@1@S@For Republicans who began this campaign with such high hopes, all of this is deeply frustrating.@@@@1@16@@oe@2-2-2013
21457022@unknown@formal@none@1@S@Historically, New York is almost always in trouble.@@@@1@8@@oe@2-2-2013
21457023@unknown@formal@none@1@S@But the trouble it faces now under Democratic rule seems bigger and more daunting than anything it has faced in the past.@@@@1@22@@oe@2-2-2013
21457024@unknown@formal@none@1@S@This year, the city faces a budget deficit that could become even bigger next year.@@@@1@15@@oe@2-2-2013
21457025@unknown@formal@none@1@S@And hardly surprising, many residents trying to cope with the city's other problems are constantly on edge, one ethnic group scrapping with another.@@@@1@23@@oe@2-2-2013
21457026@unknown@formal@none@1@S@"People weren't so happy in the 1930s," says Thomas Lessner, another local professor and the biographer of the legendary Fiorello LaGuardia, the city's fusion mayor who built a coalition Mr. Giuliani hopes to emulate.@@@@1@34@@oe@2-2-2013
21457027@unknown@formal@none@1@S@"But, at least, back then they didn't generally direct their anger at each other."@@@@1@14@@oe@2-2-2013
21457028@unknown@formal@none@1@S@The 62-year-old Mr. Dinkins, an ex-Marine, has served as the city clerk and as Manhattan borough president, a job with limited executive responsibilities@@@@1@23@@oe@2-2-2013
21457029@unknown@formal@none@1@S@("I defy you to come up with one major accomplishment of David Dinkins," says Mr. Giuliani.)@@@@1@16@@oe@2-2-2013
21457030@unknown@formal@none@1@S@He defeated the contentious Mr. Koch in the Democratic primary partly because he seemed to offer hope he could heal the city's racial and ethnic wounds.@@@@1@26@@oe@2-2-2013
21457031@unknown@formal@none@1@S@His general-election campaign is almost Reagan-like, all muted pictures and comforting words.@@@@1@12@@oe@2-2-2013
21457032@unknown@formal@none@1@S@His theme is unity, decency, humanity, bringing New York together again.@@@@1@11@@oe@2-2-2013
21457033@unknown@formal@none@1@S@Both candidates are negotiating about holding debates, but Mr. Dinkins is widely seen as the major obstacle for scheduling them.@@@@1@20@@oe@2-2-2013
21457034@unknown@formal@none@1@S@The 45-year-old Mr. Giuliani has run a negative campaign to pick up votes leaning to Mr. Dinkins.@@@@1@17@@oe@2-2-2013
21457035@unknown@formal@none@1@S@"He's got to get Dinkins's negatives up," says Lee Miringoff, director of the Marist College Institute of Public Opinion.@@@@1@19@@oe@2-2-2013
21457036@unknown@formal@none@1@S@"But our polls show voters don't like the attack stuff.@@@@1@10@@oe@2-2-2013
21457037@unknown@formal@none@1@S@Why, even 20% of the Republican vote is going to Dinkins."@@@@1@11@@oe@2-2-2013
21457038@unknown@formal@none@1@S@"It's assault-weapons politics," says John Siegal, Mr. Dinkins's issues director, insisting there is a strong racist undertone to the Giuliani effort.@@@@1@21@@oe@2-2-2013
21457039@unknown@formal@none@1@S@For the Giuliani forces, it's a conundrum.@@@@1@7@@oe@2-2-2013
21457040@unknown@formal@none@1@S@On the one hand, Mr. Giuliani wants to cut into Mr. Dinkins's credibility.@@@@1@13@@oe@2-2-2013
21457041@unknown@formal@none@1@S@On the other, he seeks to convince voters he's the new Fiorello LaGuardia -- affable, good-natured and ready to lead New York out of the mess it's in.@@@@1@28@@oe@2-2-2013
21457042@unknown@formal@none@1@S@It hasn't helped that he's waffled on abortion and gay rights, sought the support of both the Liberal and Conservative parties (he won the Liberal endorsement) and that he turned to comedian Jackie Mason for help with Jewish voters.@@@@1@39@@oe@2-2-2013
21457043@unknown@formal@none@1@S@Mr. Mason left the campaign after telling reporters Mr. Dinkins is "a fancy 'shvartzer' with a moustache."@@@@1@17@@oe@2-2-2013
21457044@unknown@formal@none@1@S@Shvartzer is a derogatory Yiddish word for a black person.@@@@1@10@@oe@2-2-2013
21457045@unknown@formal@none@1@S@Mr. Dinkins concedes nothing in his ability to stumble and bumble.@@@@1@11@@oe@2-2-2013
21457046@unknown@formal@none@1@S@He can match Jackie Mason with his own Robert "Sonny" Carson, an angry street organizer who was convicted of kidnapping in 1974.@@@@1@22@@oe@2-2-2013
21457047@unknown@formal@none@1@S@The Dinkins campaign paid Mr. Carson close to $10,000 to get out the vote on primary-election day.@@@@1@17@@oe@2-2-2013
21457048@unknown@formal@none@1@S@Paper work on how it was spent is incomplete.@@@@1@9@@oe@2-2-2013
21457049@unknown@formal@none@1@S@Mr. Carson has been charged with being anti-Semitic.@@@@1@8@@oe@2-2-2013
21457050@unknown@formal@none@1@S@Asked about that the other day, he replied, "Anti-Semitic?@@@@1@9@@oe@2-2-2013
21457051@unknown@formal@none@1@S@I'm anti-white."@@@@1@2@@oe@2-2-2013
21457052@unknown@formal@none@1@S@More troubling for Mr. Dinkins is his record in personal accounting.@@@@1@11@@oe@2-2-2013
21457053@unknown@formal@none@1@S@It began in 1973, when he was being considered for deputy mayor, and a routine check unearthed the extraordinary fact that he hadn't paid his income tax for the previous four years.@@@@1@32@@oe@2-2-2013
21457054@unknown@formal@none@1@S@"I was always going to do it tomorrow," he explained at the time.@@@@1@13@@oe@2-2-2013
21457055@unknown@formal@none@1@S@And now he's busily trying to explain an arrangement in which he sold stock in Inner City Broadcasting Co., headed by his old friend and patron, Percy Sutton, to his son, David Dinkins Jr., for $58,000.@@@@1@36@@oe@2-2-2013
21457056@unknown@formal@none@1@S@He had valued the shares at more than $1 million two years earlier.@@@@1@13@@oe@2-2-2013
21457057@unknown@formal@none@1@S@He says he sold the stock to avoid conflict-of-interest problems in his role as a voting member of the city's Board of Estimate.@@@@1@23@@oe@2-2-2013
21457058@unknown@formal@none@1@S@He says his son hasn't paid for the shares.@@@@1@9@@oe@2-2-2013
21457059@unknown@formal@none@1@S@"It looks like serious tax evasion," says Mr. Ailes, the Giuliani media consultant.@@@@1@13@@oe@2-2-2013
21457060@unknown@formal@none@1@S@"It follows the same pattern as his tax returns.@@@@1@9@@oe@2-2-2013
21457061@unknown@formal@none@1@S@He waits to talk about it until after he gets caught."@@@@1@11@@oe@2-2-2013
21457062@unknown@formal@none@1@S@"He simply hasn't explained why something worth a million dollars ended up worth $58,000 two years later," says Mr. Powers, the Giuliani campaign manager.@@@@1@24@@oe@2-2-2013
21457063@unknown@formal@none@1@S@"It's ludicrous for him to suggest it's the difference between the 'breakup' value of the shares and their market value."@@@@1@20@@oe@2-2-2013
21457064@unknown@formal@none@1@S@So far though, no one -- not even former U.S. attorney Giuliani -- has been able to pinpoint just what law Mr. Dinkins has broken or just what tax he has evaded.@@@@1@32@@oe@2-2-2013
21457065@unknown@formal@none@1@S@"The crime goes to character," says Ron Maiorana, a consultant to the Giuliani campaign.@@@@1@14@@oe@2-2-2013
21457066@unknown@formal@none@1@S@"It's serious stuff.@@@@1@3@@oe@2-2-2013
21457067@unknown@formal@none@1@S@He evades and ducks.@@@@1@4@@oe@2-2-2013
21457068@unknown@formal@none@1@S@He's had a history of deception and this is the latest chapter."@@@@1@12@@oe@2-2-2013
21457069@unknown@formal@none@1@S@"It makes people think, maybe this guy isn't so squeaky clean after all," says Mr. Garth, Mayor Koch's media consultant.@@@@1@20@@oe@2-2-2013
21457070@unknown@formal@none@1@S@"The result may turn out to be a lot closer than people think.@@@@1@13@@oe@2-2-2013
21458001@unknown@formal@none@1@S@The long-running scandal surrounding the 1982 collapse of Banco Ambrosiano was reignited by the arrest last week of Rome businessman Flavio Carboni on fraud charges.@@@@1@25@@oe@2-2-2013
21458002@unknown@formal@none@1@S@Rome magistrates accuse Mr. Carboni and several other people of trying to extort 1.2 billion lire ($880,000) from the Vatican in return for documents contained in the briefcase of Roberto Calvi, the Ambrosiano chairman found hanged under London's Blackfriar's Bridge shortly before the bank's collapse.@@@@1@45@@oe@2-2-2013
21458003@unknown@formal@none@1@S@Banco Ambrosiano, which was Italy's largest private-sector bank, collapsed in 1982 with $1.3 billion of debts.@@@@1@16@@oe@2-2-2013
21458004@unknown@formal@none@1@S@Most of the money was lent to a series of shell companies in Panama and Luxembourg that were owned, directly or indirectly, by the Vatican bank.@@@@1@26@@oe@2-2-2013
21458005@unknown@formal@none@1@S@The Vatican, which denies any wrongdoing, paid $250 million to the Milan bank's creditors as a "goodwill gesture" in 1985.@@@@1@20@@oe@2-2-2013
21458006@unknown@formal@none@1@S@Italian news reports said Mr. Carboni and a colleague obtained 1.2 billion lire in checks from a Vatican official, Pavel Hnilica.@@@@1@21@@oe@2-2-2013
21458007@unknown@formal@none@1@S@Italian papers speculated the briefcase contained papers either exonerating the Vatican bank from blame in the scandal, or showing that the bank, known as the Istituto per le Opere di Religione, channeled funds to East bloc groups such as Solidarity in Poland.@@@@1@42@@oe@2-2-2013
21458008@unknown@formal@none@1@S@Neither Mr. Hnilica, Mr. Carboni nor Vatican officials could be reached for comment over the weekend.@@@@1@16@@oe@2-2-2013
21459001@unknown@formal@none@1@S@This business trust company said its board elected Kieran E. Burke, a consultant to Drexel Burnham Lambert Group Inc., as chief executive officer, a new post, and as president.@@@@1@29@@oe@2-2-2013
21459002@unknown@formal@none@1@S@Mr. Burke succeeds Richard D. Manley, who will remain as a consultant to the company.@@@@1@15@@oe@2-2-2013
21459003@unknown@formal@none@1@S@Both men were unavailable to comment.@@@@1@6@@oe@2-2-2013
21459004@unknown@formal@none@1@S@The company also named Michael E. Gellert, a director and a major shareholder, to fill the vacant seat of chairman.@@@@1@20@@oe@2-2-2013
21460001@unknown@formal@none@1@S@Britain's Serious Fraud Office said it will investigate the circumstances surrounding alleged phantom contracts at Ferranti International Signal PLC's International Signal & Control unit.@@@@1@24@@oe@2-2-2013
21460002@unknown@formal@none@1@S@The investigation, which will be coordinated with one already under way in the U.S., follows the discovery of what Ferranti has called a "serious" fraud involving its U.S. subsidiary.@@@@1@29@@oe@2-2-2013
21460003@unknown@formal@none@1@S@International Signal & Control, Lancaster, Pa., a defense-equipment manufacturer, was bought by Ferranti in 1987 for #420 million ($670.3 million).@@@@1@20@@oe@2-2-2013
21460004@unknown@formal@none@1@S@Ferranti has said that it would be forced to write off #185 million against the phantom contracts, reducing its net asset value by more than half.@@@@1@26@@oe@2-2-2013
21460005@unknown@formal@none@1@S@The Serious Fraud Office, a division of London's Metropolitan Police responsible for investigating financial crimes, said its work would take in "allegations of fraud prior to, surrounding and subsequent to the merger."@@@@1@32@@oe@2-2-2013
21460006@unknown@formal@none@1@S@Ferranti said that it welcomes the investigation and that it will "cooperate fully."@@@@1@13@@oe@2-2-2013
21460007@unknown@formal@none@1@S@Derek Alun-Jones, Ferranti's chairman, has said he hoped to pursue legal action against those responsible.@@@@1@15@@oe@2-2-2013
21460008@unknown@formal@none@1@S@The British defense electronics group has said it will sell #100 million in assets and may seek a merger to strengthen itself in the wake of its troubles.@@@@1@28@@oe@2-2-2013
21461001@unknown@formal@none@1@S@Chicago businessmen Bertram M. Lee and Peter Bynoe signed a new agreement to purchase the Denver Nuggets basketball team, but not as principal owners.@@@@1@24@@oe@2-2-2013
21461002@unknown@formal@none@1@S@On Saturday, the partners said the team would be purchased for $54 million by a new group including Comsat Video Enterprises Inc., a unit of Communications Satellite Corp. based here.@@@@1@30@@oe@2-2-2013
21461003@unknown@formal@none@1@S@Comsat Video will pay $17 million for a 62.5% interest, with Messrs. Lee and Bynoe putting up $8 million for a 37.5% stake in the team.@@@@1@26@@oe@2-2-2013
21461004@unknown@formal@none@1@S@Under terms of the sale, Nuggets owner Sidney Shlenker could receive up to $11 million in additional payments from the franchise's future earnings.@@@@1@23@@oe@2-2-2013
21461005@unknown@formal@none@1@S@Messrs. Lee and Bynoe last July announced a deal that would have made them the first black principal owners of a major professional sports franchise.@@@@1@25@@oe@2-2-2013
21461006@unknown@formal@none@1@S@But the deal fell apart last week for lack of financing.@@@@1@11@@oe@2-2-2013
21461007@unknown@formal@none@1@S@Comsat Video is headed by Robert Wussler, who resigned his No. 2 executive post with Turner Broadcasting System Inc. just two weeks ago to take the Comsat position.@@@@1@28@@oe@2-2-2013
21461008@unknown@formal@none@1@S@Comsat Video, which distributes pay-per-view programs to hotel rooms, plans to add Nuggets games to their offerings, as Mr. Turner did successfully with his Atlanta Hawks and Braves sports teams.@@@@1@30@@oe@2-2-2013
21461009@unknown@formal@none@1@S@Messrs. Lee and Bynoe will manage the Nuggets' day-today affairs.@@@@1@10@@oe@2-2-2013
21462001@unknown@formal@none@1@S@Royal Business Group Inc. said it filed suit in federal court here charging Realist Inc. and its directors with violating federal securities laws "by engaging in a scheme to prevent" Royal from acquiring Realist.@@@@1@34@@oe@2-2-2013
21462002@unknown@formal@none@1@S@Royal, which makes and distributes business forms, owns an 8% stake in Realist.@@@@1@13@@oe@2-2-2013
21462003@unknown@formal@none@1@S@Royal contends that Realist failed to disclose material information, including Realist's negotiations to acquire Ammann Laser Technik AG, to stockholders prior to Realist's June 6 annual meeting.@@@@1@27@@oe@2-2-2013
21462004@unknown@formal@none@1@S@Royal's suit contends that the Ammann acquisition was "designed to entrench management and thwart Royal's offer."@@@@1@16@@oe@2-2-2013
21462005@unknown@formal@none@1@S@Royal withdrew its offer to buy Realist, a maker of optical and electronic products based in Menomonee Falls, Wis., for $14.06 a share in July after Realist disclosed the Ammann purchase.@@@@1@31@@oe@2-2-2013
21462006@unknown@formal@none@1@S@The suit seeks "in excess of $350,000 in damages."@@@@1@9@@oe@2-2-2013
21462007@unknown@formal@none@1@S@A Realist official said the company hadn't yet received the full complaint and wouldn't have a response until it had an opportunity to review it.@@@@1@25@@oe@2-2-2013
21463001@unknown@formal@none@1@S@Winnebago Industries Inc., battered by a deepening slowdown in recreational vehicle industry sales, reported a widened fourth-quarter loss and slashed its dividend in half.@@@@1@24@@oe@2-2-2013
21463002@unknown@formal@none@1@S@The Forest City, Iowa, maker of motor homes said it had a loss of $11.3 million, or 46 cents a share, in the quarter ended Aug. 26.@@@@1@27@@oe@2-2-2013
21463003@unknown@formal@none@1@S@A year earlier, the company had a deficit of $1.5 million, or six cents a share.@@@@1@16@@oe@2-2-2013
21463004@unknown@formal@none@1@S@The cut in the dividend to 10 cents a share semiannually, from 20 cents, "would indicate to me they don't see the problems being fixed real quick," said Frank Rolfes, an analyst at Dain Bosworth Inc. in Minneapolis.@@@@1@38@@oe@2-2-2013
21463005@unknown@formal@none@1@S@Indeed, Winnebago said it started "several promotional programs" to spur retail sales in the fall and winter.@@@@1@17@@oe@2-2-2013
21463006@unknown@formal@none@1@S@The year was already shaping up as a difficult one for the recreational vehicle industry, which makes products such as motor homes, travel trailers, folding campers and van conversions.@@@@1@29@@oe@2-2-2013
21463007@unknown@formal@none@1@S@With the exception of van conversions, the industry has seen a decline from 1988's robust sales.@@@@1@16@@oe@2-2-2013
21463008@unknown@formal@none@1@S@But the rate of the decline snowballed in August, with unit sales to dealers for the month down 10.5% from a year earlier, according to the Recreation Vehicle Industry Association.@@@@1@30@@oe@2-2-2013
21463009@unknown@formal@none@1@S@At Winnebago, sales for the quarter fell 6% to $89.5 million from $95.4 million a year earlier.@@@@1@17@@oe@2-2-2013
21463010@unknown@formal@none@1@S@The company attributed the decline to consumers' concern over interest rates and gas prices -- two key expenses for RV buyers.@@@@1@21@@oe@2-2-2013
21463011@unknown@formal@none@1@S@"It's a large-ticket discretionary purchase," said Robert Curran, who follows the industry for Merrill Lynch & Co.@@@@1@17@@oe@2-2-2013
21463012@unknown@formal@none@1@S@"So when there's talk and concern about the economy, it's not unreasonable for a portion of the buying public to defer purchases."@@@@1@22@@oe@2-2-2013
21463013@unknown@formal@none@1@S@Mr. Curran expects industry RV sales for all of 1989 to fall about 5% from 1988, when sales of 427,300 units were the highest since 1978.@@@@1@26@@oe@2-2-2013
21463014@unknown@formal@none@1@S@And he said the weakness could continue in the first half of next year.@@@@1@14@@oe@2-2-2013
21463015@unknown@formal@none@1@S@But he said the industry has "a good decade ahead," particularly if aging baby boomers fulfill the industry's dreams by buying RVs.@@@@1@22@@oe@2-2-2013
21463016@unknown@formal@none@1@S@Winnebago was hit especially hard in the latest downturn because unit sales in its bread-and-butter motor home business tumbled 25% industrywide in August, and 10.4% in the first eight months of the year.@@@@1@33@@oe@2-2-2013
21463017@unknown@formal@none@1@S@The company said it also suffered in the quarter from incentive programs, losses from discontinuing a motor home line and costs of developing a new commercial vehicle, among other things.@@@@1@30@@oe@2-2-2013
21463018@unknown@formal@none@1@S@The news sent Winnebago stock falling 62.5 cents, to $5.25, in New York Stock Exchange composite trading-a 52-week low.@@@@1@19@@oe@2-2-2013
21463019@unknown@formal@none@1@S@The dividend cut will prove most costly for John K. Hanson, Winnebago's founder and chairman.@@@@1@15@@oe@2-2-2013
21463020@unknown@formal@none@1@S@Based on his control of about 45% of Winnebago's 24.7 million shares, his annual dividend income would be cut to about $2.2 million from $4.4 million.@@@@1@26@@oe@2-2-2013
21463021@unknown@formal@none@1@S@For the year, Winnebago had a loss of $4.7 million, or 19 cents a share, following profit of $2.7 million, or 11 cents a share, a year earlier.@@@@1@28@@oe@2-2-2013
21463022@unknown@formal@none@1@S@Sales rose 2% to $437.5 million from $430.3 million.@@@@1@9@@oe@2-2-2013
21464001@unknown@formal@none@1@S@Bullish bond market sentiment is on the rise again.@@@@1@9@@oe@2-2-2013
21464002@unknown@formal@none@1@S@As the government prepares to release the next batch of economic reports, the consensus among economists and money managers is that the news will be negative.@@@@1@26@@oe@2-2-2013
21464003@unknown@formal@none@1@S@And that, they say, will be good for bonds.@@@@1@9@@oe@2-2-2013
21464004@unknown@formal@none@1@S@"Recent data have indicated somewhat weaker economic activity," said Elliott Platt, director of economic research at Donaldson, Lufkin & Jenrette Securities.@@@@1@21@@oe@2-2-2013
21464005@unknown@formal@none@1@S@Mr. Platt is advising clients that "the near-term direction of bond prices is likely to remain upward."@@@@1@17@@oe@2-2-2013
21464006@unknown@formal@none@1@S@Analysts insist that even without help from a shaky stock market, which provided a temporary boost for bonds during the Oct. 13 stock market plunge, bond prices will start to climb on the prospects that the Federal Reserve will allow interest rates to move lower in the coming weeks.@@@@1@49@@oe@2-2-2013
21464007@unknown@formal@none@1@S@That would be comforting to fixed-income investors, many of whom were badly burned in the third quarter by incorrectly assuming that the Fed would ease.@@@@1@25@@oe@2-2-2013
21464008@unknown@formal@none@1@S@Investors rushed to buy bonds during the summer as prices soared on speculation that interest rates would continue to fall.@@@@1@20@@oe@2-2-2013
21464009@unknown@formal@none@1@S@But when it became clear that rates had stabilized and that the Fed's credit-easing policy was on hold, bond yields jumped and prices tumbled.@@@@1@24@@oe@2-2-2013
21464010@unknown@formal@none@1@S@Long-term bonds have performed erratically this year.@@@@1@7@@oe@2-2-2013
21464011@unknown@formal@none@1@S@For example, a group of long-term Treasury bonds tracked by Merrill Lynch & Co. produced a total return of 1% in the first quarter, 12.45% in the second quarter and -0.06% in the third quarter.@@@@1@35@@oe@2-2-2013
21464012@unknown@formal@none@1@S@Total return is price changes plus interest income.@@@@1@8@@oe@2-2-2013
21464013@unknown@formal@none@1@S@Now some investment analysts insist that the economic climate has turned cold and gloomy, and they are urging clients to buy bonds before the rally begins.@@@@1@26@@oe@2-2-2013
21464014@unknown@formal@none@1@S@Among other things, economists note that consumer spending is slowing, corporate profit margins are being squeezed, business confidence is slipping and construction and manufacturing industries are depressed.@@@@1@27@@oe@2-2-2013
21464015@unknown@formal@none@1@S@At the same time, last week's consumer price index showed that inflation is moderating.@@@@1@14@@oe@2-2-2013
21464016@unknown@formal@none@1@S@Add it all up and it means "that the Fed has a little leeway to ease its credit policy stance without the risk of rekindling inflation," said Norman Robertson, chief economist at Mellon Bank Corp., Pittsburgh.@@@@1@36@@oe@2-2-2013
21464017@unknown@formal@none@1@S@"I think we will see a federal funds rate of close to 8 1/2% in the next two weeks and 8% by year end."@@@@1@24@@oe@2-2-2013
21464018@unknown@formal@none@1@S@The federal funds rate, which banks charge each other on overnight loans, is considered an early signal of changes in the Fed's credit policy.@@@@1@24@@oe@2-2-2013
21464019@unknown@formal@none@1@S@Economists generally agree that the rate was lowered by the Fed from around 9%, where it had been since July, to about 8 3/4% in early October on the heels of a weak employment report.@@@@1@35@@oe@2-2-2013
21464020@unknown@formal@none@1@S@Although the rate briefly drifted even lower following the stock market sell-off that occurred Oct. 13, it ended Friday at about 8 11/16%.@@@@1@23@@oe@2-2-2013
21464021@unknown@formal@none@1@S@James Kochan, chief fixed-income strategist at Merrill Lynch, is touting shorter-term securities, which he says should benefit more quickly than longer-term bonds as interest rates fall.@@@@1@26@@oe@2-2-2013
21464022@unknown@formal@none@1@S@"Given our forecast for lower rates, purchases made now should prove quite rewarding before year end," he said.@@@@1@18@@oe@2-2-2013
21464023@unknown@formal@none@1@S@Mr. Kochan also likes long-term, investment-grade corporate bonds and long-term Treasurys.@@@@1@11@@oe@2-2-2013
21464024@unknown@formal@none@1@S@He says these bonds should appreciate in value as some investors, reacting to the recent turmoil in the stock and high-yield junk bond markets, seek safer securities.@@@@1@27@@oe@2-2-2013
21464025@unknown@formal@none@1@S@"If the {Tennessee Valley Authority} sale is any guide, there appears to be good demand for top-quality, long-term paper from both domestic and overseas accounts," he said.@@@@1@27@@oe@2-2-2013
21464026@unknown@formal@none@1@S@TVA, in its first public debt offering in 15 years, sold $4 billion of long-term and intermediate-term securities last week.@@@@1@20@@oe@2-2-2013
21464027@unknown@formal@none@1@S@Strong investor demand prompted the utility to boost the size of the issue from $3 billion.@@@@1@16@@oe@2-2-2013
21464028@unknown@formal@none@1@S@TVA, which operates one of the nation's largest electric power systems, is a corporation owned by the federal government.@@@@1@19@@oe@2-2-2013
21464029@unknown@formal@none@1@S@But persuading investors to buy bonds may be especially tough this week, when the U.S. government will auction more than $30 billion of new securities.@@@@1@25@@oe@2-2-2013
21464030@unknown@formal@none@1@S@Today, the Treasury Department will sell $15.6 billion of three-month and six-month bills at the regular weekly auction.@@@@1@18@@oe@2-2-2013
21464031@unknown@formal@none@1@S@Tomorrow, the Treasury will sell $10 billion of two-year notes.@@@@1@10@@oe@2-2-2013
21464032@unknown@formal@none@1@S@Resolution Funding Corp., known as Refcorp, a division of a new government agency created to bail out the nation's troubled savings and loan associations, will hold its first bond auction Wednesday, when it will sell $4.5 billion of 30-year bonds.@@@@1@40@@oe@2-2-2013
21464033@unknown@formal@none@1@S@All of this comes ahead of the government's big quarterly refunding of the federal debt, which takes place sometime in November.@@@@1@21@@oe@2-2-2013
21464034@unknown@formal@none@1@S@So far, investors haven't shown much appetite for Refcorp's initial bond offering.@@@@1@12@@oe@2-2-2013
21464035@unknown@formal@none@1@S@Roger Early, a portfolio manager at Federated Investors Corp., said that yields on the so-called bailout bonds aren't high enough to attract his attention.@@@@1@24@@oe@2-2-2013
21464036@unknown@formal@none@1@S@"Why should I bother with something that's an unknown for a very small pickup in yield?" he said.@@@@1@18@@oe@2-2-2013
21464037@unknown@formal@none@1@S@"I'm not going to jump on them the first day they come out."@@@@1@13@@oe@2-2-2013
21464038@unknown@formal@none@1@S@He seems to be typical of many professional money managers.@@@@1@10@@oe@2-2-2013
21464039@unknown@formal@none@1@S@When the size of the Refcorp offering was announced last week and when-issued trading activity began, the bailout bonds were yielding about 1/20 percentage point more than the Treasury's benchmark 30-year bond.@@@@1@32@@oe@2-2-2013
21464040@unknown@formal@none@1@S@On Friday, the yield was quoted at about 1/4 percentage point higher than the benchmark bond, an indication of weak demand.@@@@1@21@@oe@2-2-2013
21464041@unknown@formal@none@1@S@Some economists believe that yields on all Treasury securities may rise this week as the market struggles to absorb the new supply.@@@@1@22@@oe@2-2-2013
21464042@unknown@formal@none@1@S@But once the new securities are digested, they expect investors to focus on the weak economic data.@@@@1@17@@oe@2-2-2013
21464043@unknown@formal@none@1@S@"The supply is not a constraint to the market," said Samuel Kahan, chief financial economist at Kleinwort Benson Government Securities Inc.@@@@1@21@@oe@2-2-2013
21464044@unknown@formal@none@1@S@"If one thinks that rates are going down, you don't care how much supply is coming."@@@@1@16@@oe@2-2-2013
21464045@unknown@formal@none@1@S@Friday's Market Activity@@@@1@3@@oe@2-2-2013
21464046@unknown@formal@none@1@S@Most bond prices fell on concerns about this week's new supply and disappointment that stock prices didn't stage a sharp decline.@@@@1@21@@oe@2-2-2013
21464047@unknown@formal@none@1@S@Junk bond prices moved higher, however.@@@@1@6@@oe@2-2-2013
21464048@unknown@formal@none@1@S@In early trading, Treasury bonds were higher on expectations that a surge in buying among Japanese investors would continue.@@@@1@19@@oe@2-2-2013
21464049@unknown@formal@none@1@S@Also providing support to Treasurys was hope that the stock market might see declines because of the expiration of some stock-index futures and options on indexes and individual stocks.@@@@1@29@@oe@2-2-2013
21464050@unknown@formal@none@1@S@Those hopes were dashed when the stock market put in a relatively quiet performance.@@@@1@14@@oe@2-2-2013
21464051@unknown@formal@none@1@S@Treasury bonds ended with losses of as much as 1/4 point, or about $2.50 for each $1,000 face amount.@@@@1@19@@oe@2-2-2013
21464052@unknown@formal@none@1@S@The benchmark 30-year bond, which traded as high as 102 1/4 during the day, ended at 101 17/32.@@@@1@18@@oe@2-2-2013
21464053@unknown@formal@none@1@S@The yield on the benchmark bond rose slightly to 7.98% from 7.96%.@@@@1@12@@oe@2-2-2013
21464054@unknown@formal@none@1@S@In the corporate bond market, traders said the new-issue market for junk bonds is likely to pick up following Chicago & North Western Acquisition Corp.'s $475 million junk bond offering Friday.@@@@1@31@@oe@2-2-2013
21464055@unknown@formal@none@1@S@Today, for example, underwriters at Morgan Stanley & Co. said they expect to price a $150 million, 12-year senior subordinated debenture offering by Imo Industries Inc.@@@@1@26@@oe@2-2-2013
21464056@unknown@formal@none@1@S@Traders expect the issue to be priced to yield 12%.@@@@1@10@@oe@2-2-2013
21464057@unknown@formal@none@1@S@Shearson Lehman Hutton Inc. said that a $150 million senior subordinated discount debenture issue by R.P. Scherer Drugs is expected by the end of the month.@@@@1@26@@oe@2-2-2013
21464058@unknown@formal@none@1@S@However, despite the big new-issue calendar, many junk bond investors and analysts are skeptical the deals will get done.@@@@1@19@@oe@2-2-2013
21464059@unknown@formal@none@1@S@"There are about a dozen more deals coming," said Michael McNamara, director of fixed-income research at Kemper Financial Services Inc.@@@@1@20@@oe@2-2-2013
21464060@unknown@formal@none@1@S@"If they had this much trouble with Chicago & North Western, they are going to have an awful time with the rest."@@@@1@22@@oe@2-2-2013
21464061@unknown@formal@none@1@S@Last week, underwriters were forced to postpone three junk bond deals because of recent weakness in the market.@@@@1@18@@oe@2-2-2013
21464062@unknown@formal@none@1@S@And pressure by big investors forced Donaldson Lufkin & Jenrette Securities Corp. to sweeten Chicago & North Western's $475 million junk bond offering.@@@@1@23@@oe@2-2-2013
21464063@unknown@formal@none@1@S@After hours of negotiating that stretched late into Thursday night, underwriters priced the 12-year issue of resettable senior subordinated debentures at par to yield 14.75%, higher than the 14.5% that had been expected.@@@@1@33@@oe@2-2-2013
21464064@unknown@formal@none@1@S@The coupon on the issue will be reset in one year at a rate that will give the issue a market value of 101.@@@@1@24@@oe@2-2-2013
21464065@unknown@formal@none@1@S@However, the maximum coupon rate on the issue when it is reset is 15.50%.@@@@1@14@@oe@2-2-2013
21464066@unknown@formal@none@1@S@Debenture holders also will receive the equivalent of 10% of the common stock in Chicago & North Western's parent company.@@@@1@20@@oe@2-2-2013
21464067@unknown@formal@none@1@S@"The coupon was raised to induce some of the big players on the fence to come in," said a spokesman for Donaldson.@@@@1@22@@oe@2-2-2013
21464068@unknown@formal@none@1@S@"We put a price on the deal that the market required to get it done."@@@@1@15@@oe@2-2-2013
21464069@unknown@formal@none@1@S@The spokesman said the issue was sold out and met with strong interest abroad, particularly from Japanese investors.@@@@1@18@@oe@2-2-2013
21464070@unknown@formal@none@1@S@In the secondary, or resale, market, junk bonds closed 1/2 point higher, while investment-grade corporate bonds fell 1/8 to 1/4 point.@@@@1@21@@oe@2-2-2013
21465001@unknown@formal@none@1@S@Sotheby's Inc.'s gamble in the art-dealing business appears to have paid off.@@@@1@12@@oe@2-2-2013
21465002@unknown@formal@none@1@S@The New York arm of the London-based auction house auctioned off the estate of John T. Dorrance Jr., the Campbell's Soup Co. heir, for $131 million last week, a record for a single-owner art collection.@@@@1@35@@oe@2-2-2013
21465003@unknown@formal@none@1@S@That total was below the $140 million the auction house estimated the collection might sell for, but was enough to ensure that an unprecedented financial arrangement Sotheby's had made with the Dorrance family proved profitable to the auction house.@@@@1@39@@oe@2-2-2013
21465004@unknown@formal@none@1@S@Sotheby's provided the Dorrance family a guarantee of at least $100 million, and as much as $120 million, to obtain the collection, people familiar with the transaction said, thus taking a greater than usual financial interest in the property to be sold.@@@@1@42@@oe@2-2-2013
21465005@unknown@formal@none@1@S@The Dorrance estate, auctioned off in a series of sales held over four days, included porcelains, furniture and paintings.@@@@1@19@@oe@2-2-2013
21465006@unknown@formal@none@1@S@An Henri Matisse, auctioned last Wednesday, fetched $12.4 million, a world record for the artist.@@@@1@15@@oe@2-2-2013
21465007@unknown@formal@none@1@S@In addition, a handful of paintings from the Dorrance collection remain to be sold at Sotheby's annual old masters paintings auction in January.@@@@1@23@@oe@2-2-2013
21466001@unknown@formal@none@1@S@The Better Business Bureau of San Diego and the state Attorney General's office entered into a settlement stemming from an investigation of bureau-sponsored business directories published by an outside firm, Better Book Inc.@@@@1@33@@oe@2-2-2013
21466002@unknown@formal@none@1@S@The settlement stems from charges that Better Book, now defunct, made misrepresentations in selling advertising for the directories and memberships in the bureau from 1984 to 1986.@@@@1@27@@oe@2-2-2013
21466003@unknown@formal@none@1@S@Without admitting any guilt, the bureau agreed to several conditions if it again contracts with an outside firm to publish its directories.@@@@1@22@@oe@2-2-2013
21466004@unknown@formal@none@1@S@The conditions include not misrepresenting how many directories will be distributed, and agreeing to make refunds to directory advertisers if any misrepresentations are involved in the sale.@@@@1@27@@oe@2-2-2013
21466005@unknown@formal@none@1@S@The Attorney General's investigation was sparked by lawsuits and charges by angry California businesspeople that they were swindled in a bureau-sponsored directory project contracted by Better Book.@@@@1@27@@oe@2-2-2013
21466006@unknown@formal@none@1@S@The uproar led to the closing of the Los Angeles Better Business Bureau in late 1987.@@@@1@16@@oe@2-2-2013
21467001@unknown@formal@none@1@S@McCaw Cellular Communications Inc. said it obtained "firm" financing commitments from three major banks in regard to its offer for 50.3% of LIN Broadcasting Corp.@@@@1@25@@oe@2-2-2013
21467002@unknown@formal@none@1@S@Morgan Guaranty Trust, Toronto-Dominion Bank and Provident National Bank, an affiliate of PNC Financial Corp., jointly committed $1.2 billion of financing, subject to certain conditions, McCaw said.@@@@1@27@@oe@2-2-2013
21467003@unknown@formal@none@1@S@Further, McCaw said the banks expressed confidence that the balance of the $4.5 billion bank facility will be committed within the next several weeks by a syndicate of foreign and domestic banks.@@@@1@32@@oe@2-2-2013
21467004@unknown@formal@none@1@S@Morgan, Toronto-Dominion and Provident are leading that syndicate.@@@@1@8@@oe@2-2-2013
21467005@unknown@formal@none@1@S@McCaw is offering to buy 22 million shares of LIN for $125 each in cash, which would result in McCaw owning 50.3% of the cellular-phone and broadcasting concern.@@@@1@28@@oe@2-2-2013
21467006@unknown@formal@none@1@S@The offer is in limbo, however, because LIN has agreed to merge its cellular-phone businesses with BellSouth Corp.@@@@1@18@@oe@2-2-2013
21467007@unknown@formal@none@1@S@In national over-the-counter trading Friday, LIN shares rose 62.5 cents to close at $110.625.@@@@1@14@@oe@2-2-2013
21467008@unknown@formal@none@1@S@Beijing lawmakers have called for jails to be built to house prostitutes and for severe punishment, including the death sentence, for anyone who induces or coerces women into prostitution.@@@@1@29@@oe@2-2-2013
21467009@unknown@formal@none@1@S@The official Xinhua News Agency said the municipal government was discussing a draft bill to give the capital its first anti-prostitution statutes.@@@@1@22@@oe@2-2-2013
21467010@unknown@formal@none@1@S@It quoted Liu Changyi, deputy director of the Beijing Public Security Bureau, as saying that there were many more people involved in prostitution now than in 1985, when there were about 100 cases.@@@@1@33@@oe@2-2-2013
21467011@unknown@formal@none@1@S@Foreigners involved in prostitution will be punished according to the law, and those with sexually transmitted diseases will be expelled from the country, according to the regulations.@@@@1@27@@oe@2-2-2013
21467012@unknown@formal@none@1@S@The Communists nearly succeeded in eliminating prostitution after taking over in 1949, but the practice has returned in recent years with the country's increased exposure to the outside world.@@@@1@29@@oe@2-2-2013
21467013@unknown@formal@none@1@S@Japan agreed to enforce a decision by an international wildlife conference to ban all trade in ivory, a spokesman for the Ministry of International Trade and Industry said.@@@@1@28@@oe@2-2-2013
21467014@unknown@formal@none@1@S@Earlier, Japan had said it might file a reservation against the ivory ban decided by ballot at the 103-nation United Nations Conference on International Trade in Endangered Species in Switzerland last week.@@@@1@32@@oe@2-2-2013
21467015@unknown@formal@none@1@S@The Japanese use 40% of the world's ivory.@@@@1@8@@oe@2-2-2013
21467016@unknown@formal@none@1@S@Italy should close the Leaning Tower of Pisa because it's a danger to tourists, government-appointed experts said.@@@@1@17@@oe@2-2-2013
21467017@unknown@formal@none@1@S@"In some places the stonework is so damaged it shows signs of breaking off," scientists and technicians said in a report to Public Works Minister Giovanni Prandini.@@@@1@27@@oe@2-2-2013
21467018@unknown@formal@none@1@S@Each year, nearly a million people pay about $3 to make the spiral climb up 294 steps to the top of the 800-year-old marble tower.@@@@1@25@@oe@2-2-2013
21467019@unknown@formal@none@1@S@East Germany pledged to reduce alcohol consumption by boosting production of soft drinks and fruit juices.@@@@1@16@@oe@2-2-2013
21467020@unknown@formal@none@1@S@Trade and Supply Minister Gerhard Briksa said in a letter published in the youth daily Junge Welt that the rise in alcohol consumption in East Germany had been halted; but to reduce it further, he said, production and supply of other beverages, including fruit juices, should be stepped up.@@@@1@49@@oe@2-2-2013
21467021@unknown@formal@none@1@S@He added that shops will have to continue reducing their stocks of liquor and avoid displaying them too prominently in the window.@@@@1@22@@oe@2-2-2013
21467022@unknown@formal@none@1@S@Hong Kong has built a detention center for illegal immigrants from China because China has refused for the past two weeks to accept them back.@@@@1@25@@oe@2-2-2013
21467023@unknown@formal@none@1@S@The center, close to Hong Kong's border with China, will be ready today and will be able to house 1,000 inmates, Police Deputy Director Peter Wong said.@@@@1@27@@oe@2-2-2013
21467024@unknown@formal@none@1@S@The dispute started when China, angry that Hong Kong had allowed dissident swimmer Yang Yang to flee to the U.S., halted the usual daily transfer of illegal immigrants caught in this British colony, which reverts to Beijing's control in 1997.@@@@1@40@@oe@2-2-2013
21467025@unknown@formal@none@1@S@Sweating under the glare of newly installed television lights, British members of Parliament demanded a halt to the experimental televising of debates.@@@@1@22@@oe@2-2-2013
21467026@unknown@formal@none@1@S@A group of senior Conservative legislators, complaining the House of Commons was like a sauna, demanded that the experiment be stopped unless the intensity of the lights is reduced.@@@@1@29@@oe@2-2-2013
21467027@unknown@formal@none@1@S@One Conservative MP, David Wilshire, said: "I should have a wonderful suntan by Christmas."@@@@1@14@@oe@2-2-2013
21467028@unknown@formal@none@1@S@Debates are due to be broadcast nationally starting Nov. 21 in a six-month experiment.@@@@1@14@@oe@2-2-2013
21467029@unknown@formal@none@1@S@A majority of Japanese banks are said to be wary of making new loans to Mexico under the Brady plan because they're uncertain the Mexican economy will remain stable.@@@@1@29@@oe@2-2-2013
21467030@unknown@formal@none@1@S@Instead, many small and medium-sized banks, and some larger ones, are likely to take one of the other two options open to them under the plan, Japanese banking officials said.@@@@1@30@@oe@2-2-2013
21467031@unknown@formal@none@1@S@The plan, proposed by U.S. Secretary of State Nicholas Brady, calls for banks either to make new loans or to reduce the principle on existing loans or to cut the interest rate on those existing loans.@@@@1@36@@oe@2-2-2013
21467032@unknown@formal@none@1@S@The officials said that most Japanese banks prefer the losses they'd suffer in either of the latter options to the risk of new lending.@@@@1@24@@oe@2-2-2013
21467033@unknown@formal@none@1@S@But an official at a long-term credit bank explained that since some larger banks have already taken loss provisions for loans to other Third World nations, further write-offs could be viewed as intolerable.@@@@1@33@@oe@2-2-2013
21467034@unknown@formal@none@1@S@"They can't take the hit" to their earnings, he said.@@@@1@10@@oe@2-2-2013
21467035@unknown@formal@none@1@S@As a result, the official said, they may be forced into a no-win situation in which they make risky loans that they could have to write off later.@@@@1@28@@oe@2-2-2013
21467036@unknown@formal@none@1@S@A poll in male-dominated South Korea put Margaret Thatcher first on a list of most-respected foreign leaders.@@@@1@17@@oe@2-2-2013
21467037@unknown@formal@none@1@S@The British prime minister was the only woman singled out by respondents, who put Soviet President Mikhail Gorbachev in second place. . . .@@@@1@24@@oe@2-2-2013
21467038@unknown@formal@none@1@S@The Soviet newspaper Trud reported that Mickey Mouse will appear in a Russian-language comic book to be issued four times a year by Soviet publisher Fizkultura i Sport and Denmark's Gutenberghus Group.@@@@1@32@@oe@2-2-2013
21467039@unknown@formal@none@1@S@The comic book will cost about $2.@@@@1@7@@oe@2-2-2013
21468001@unknown@formal@none@1@S@Ekco Group Inc., Nashua, N.H., expects to report that net income in the third quarter, ended Oct. 1, fell 50% to 60% from $2.1 million, or 11 cents a share, a year earlier.@@@@1@33@@oe@2-2-2013
21468002@unknown@formal@none@1@S@Robert Stein, president and chief executive officer, attributed the expected decline partly to the effects of a two-week strike last month at the company's Masillon, Ohio, bakeware facility.@@@@1@28@@oe@2-2-2013
21468003@unknown@formal@none@1@S@Softer-than-expected orders in early September also played a role, he said in an interview.@@@@1@14@@oe@2-2-2013
21468004@unknown@formal@none@1@S@But Mr. Stein said he is "reasonably confident" that earnings for the full year will exceed the $3.1 million, or 17 cents a share, in 1988.@@@@1@26@@oe@2-2-2013
21468005@unknown@formal@none@1@S@That would require fourth-quarter net of more than about 22 cents to 24 cents a share, assuming that Mr. Stein's third-quarter estimate proves accurate.@@@@1@24@@oe@2-2-2013
21468006@unknown@formal@none@1@S@In the year-earlier fourth quarter, the company had profit of $2.7 million, or 15 cents a share.@@@@1@17@@oe@2-2-2013
21468007@unknown@formal@none@1@S@Third-quarter revenue is expected to be $40 million to $45 million, up from $38.2 million a year earlier, according to Neil Gordon, treasurer.@@@@1@23@@oe@2-2-2013
21468008@unknown@formal@none@1@S@The year-earlier periods don't reflect results of the company's Woodstream Corp. unit, acquired last January, but include some Canadian operations that were sold at the end of 1988.@@@@1@28@@oe@2-2-2013
21468009@unknown@formal@none@1@S@August through October traditionally is the busiest season for the bakeware business, as many retailers use the goods as autumn promotional items.@@@@1@22@@oe@2-2-2013
21468010@unknown@formal@none@1@S@Mr. Stein said some retailers -- perhaps anxious about minimizing inventories -- appear to have held back on orders in September but have been ordering more heavily in October.@@@@1@29@@oe@2-2-2013
21468011@unknown@formal@none@1@S@Mr. Stein said Woodstream is "marginally profitable" but hasn't performed as well as expected.@@@@1@14@@oe@2-2-2013
21468012@unknown@formal@none@1@S@Woodstream's Victor-brand mousetraps and other pest-control products are "doing very well," and its plastic storage-case products "are poised for growth," he said.@@@@1@22@@oe@2-2-2013
21468013@unknown@formal@none@1@S@But the unit's third segment, wildlife traps, is suffering from a "depressed market," and Ekco is seeking to sell that segment, he said.@@@@1@23@@oe@2-2-2013
21468014@unknown@formal@none@1@S@Mr. Stein said he expects profit to be higher in 1990 than in 1989, reflecting a number of measures taken since the acquisition of Ekco Housewares in late 1987.@@@@1@29@@oe@2-2-2013
21468015@unknown@formal@none@1@S@(Prior to acquiring the housewares business, the company was known as Centronics Corp.; Centronics had been a maker of computer printers, but Mr. Stein and other officers decided to sell that business after Japanese competitors grabbed a dominant share of the market.)@@@@1@42@@oe@2-2-2013
21468016@unknown@formal@none@1@S@Mr. Stein said tighter operating controls have enabled Ekco to reduce inventory levels 25% to 30%; improve on-time delivery of orders to about 95% from around 70%; and to lower the number of labor hours required to produce a unit.@@@@1@40@@oe@2-2-2013
21468017@unknown@formal@none@1@S@By moving the design of new products in-house -- instead of contracting out the work -- the company also has been able to come up with designs that can be manufactured more efficiently, he said.@@@@1@35@@oe@2-2-2013
21468018@unknown@formal@none@1@S@In addition to those measures, the company spent heavily earlier this year to install displays at its customers' retail outlets -- a strategy that Mr. Stein said has helped bolster awareness of the company's brands.@@@@1@35@@oe@2-2-2013
21468019@unknown@formal@none@1@S@Ekco's housewares operation makes kitchen tools and gadgets, as well as bakeware, at factories in the U.S. and Canada.@@@@1@19@@oe@2-2-2013
21468020@unknown@formal@none@1@S@The main issue in the strike at the Ohio facility was health-care benefits, Mr. Stein said.@@@@1@16@@oe@2-2-2013
21468021@unknown@formal@none@1@S@The strike ended Oct.@@@@1@4@@oe@2-2-2013
21468022@unknown@formal@none@1@S@Ekco continues to seek further acquisitions in the consumer-products industry, Mr. Stein said.@@@@1@13@@oe@2-2-2013
21468023@unknown@formal@none@1@S@He indicated that Ekco may be interested in acquiring another company with revenue in the range of $75 million to $100 million, partly because mass merchandisers increasingly want to rely on larger, and fewer, suppliers.@@@@1@35@@oe@2-2-2013
21469001@unknown@formal@none@1@S@After several years of booming business with China, foreign traders are bracing for the biggest slump in a decade.@@@@1@19@@oe@2-2-2013
21469002@unknown@formal@none@1@S@The imposition of austerity measures, starting last October, already had begun to pinch when the massacre in Tiananmen Square on June 4 and subsequent events tugged the belt far tighter.@@@@1@30@@oe@2-2-2013
21469003@unknown@formal@none@1@S@Foreign lending has been virtually suspended since then, choking liquidity and hobbling many projects.@@@@1@14@@oe@2-2-2013
21469004@unknown@formal@none@1@S@And Beijing has pulled back on domestic loans and subsidies, leaving many domestic buyers and export-oriented plants strapped for cash.@@@@1@20@@oe@2-2-2013
21469005@unknown@formal@none@1@S@Givaudan Far East Ltd., a Swiss concern that sells chemicals to shampoo and soap factories in China, typifies the problems.@@@@1@20@@oe@2-2-2013
21469006@unknown@formal@none@1@S@Last year's retrenchment dried up the working capital of Chinese factories.@@@@1@11@@oe@2-2-2013
21469007@unknown@formal@none@1@S@The company's sales flattened during 1989's first half.@@@@1@8@@oe@2-2-2013
21469008@unknown@formal@none@1@S@The June killings magnified the problems.@@@@1@6@@oe@2-2-2013
21469009@unknown@formal@none@1@S@In Canton, Givaudan's representative office received no orders in June.@@@@1@10@@oe@2-2-2013
21469010@unknown@formal@none@1@S@At first it attributed the slump to temporary business disruptions, but when no orders were logged in August and September, manager Donald Lai became convinced that business would be bad for many months.@@@@1@33@@oe@2-2-2013
21469011@unknown@formal@none@1@S@"Things have grown worse since June 4," Mr. Lai says.@@@@1@10@@oe@2-2-2013
21469012@unknown@formal@none@1@S@He predicts that sales will drop between 30% and 40% from last year's $3 million.@@@@1@15@@oe@2-2-2013
21469013@unknown@formal@none@1@S@The consumer-products and light-industrial sectors are bearing the brunt of China's austerity measures, and foreign companies such as Givaudan that deal with those industries are being hit the hardest.@@@@1@29@@oe@2-2-2013
21469014@unknown@formal@none@1@S@But in general, all foreign-trading companies are feeling the pinch.@@@@1@10@@oe@2-2-2013
21469015@unknown@formal@none@1@S@"The import pie will shrink," says John Kamm, first vice president of the American Chamber of Commerce in Hong Kong and a China trade specialist.@@@@1@25@@oe@2-2-2013
21469016@unknown@formal@none@1@S@"On the down side, sales could fall as much as 90% for some companies; on the upper side, sales will be flat."@@@@1@22@@oe@2-2-2013
21469017@unknown@formal@none@1@S@China's foreign trade has gone in cycles during the past decade.@@@@1@11@@oe@2-2-2013
21469018@unknown@formal@none@1@S@The last time that traders experienced a trough was during 1985-86, when Beijing imposed tough measures to curb imports and conserve foreign exchange.@@@@1@23@@oe@2-2-2013
21469019@unknown@formal@none@1@S@The current trough is expected to be much deeper, because Beijing has cut off domestic funds from factories for the first time to slow inflation.@@@@1@25@@oe@2-2-2013
21469020@unknown@formal@none@1@S@In addition, the suspension of loans and export credits from foreign governments and institutions following the June killings have been a big setback.@@@@1@23@@oe@2-2-2013
21469021@unknown@formal@none@1@S@"The freeze on new lending is dealing the single biggest blow to trading," says Raymond Wong, China manager for Mannesmann AG, a West German machinery-trading company.@@@@1@26@@oe@2-2-2013
21469022@unknown@formal@none@1@S@Import growth from the year-earlier months slowed to 16% in July and 7.1% in August, compared with an average growth rate of 26% in the first half.@@@@1@27@@oe@2-2-2013
21469023@unknown@formal@none@1@S@In the first eight months of 1989, imports grew 21%, to $38.32 billion, down slightly from a growth rate of 23% a year earlier.@@@@1@24@@oe@2-2-2013
21469024@unknown@formal@none@1@S@The picture for China's exports is just as bleak, mainly because of the domestic credit squeeze.@@@@1@16@@oe@2-2-2013
21469025@unknown@formal@none@1@S@Exports in the first eight months grew only 9%, to $31.48 billion, compared with a growth rate of 25% a year earlier, according to Chinese customs figures.@@@@1@27@@oe@2-2-2013
21469026@unknown@formal@none@1@S@The threat to China's balance of payments is further aggravated by the plunge in its foreign-exchange reserves, excluding gold holdings.@@@@1@20@@oe@2-2-2013
21469027@unknown@formal@none@1@S@The reserves dropped for the first time in recent years, to $14 billion in June from $19 billion in April.@@@@1@20@@oe@2-2-2013
21469028@unknown@formal@none@1@S@The trend has prompted Beijing to intensify efforts to curb imports.@@@@1@11@@oe@2-2-2013
21469029@unknown@formal@none@1@S@In recent weeks, China's leaders have recentralized trading in wool and scores of chemical products and commodities.@@@@1@17@@oe@2-2-2013
21469030@unknown@formal@none@1@S@The Ministry of Foreign Economic Relations and Trade set up a special bureau last month to monitor the issue of import and export licenses.@@@@1@24@@oe@2-2-2013
21469031@unknown@formal@none@1@S@Beijing's periodic clampdowns on imports have taught many trading companies that the best way to get through the drought is by helping China export.@@@@1@24@@oe@2-2-2013
21469032@unknown@formal@none@1@S@For example, Nissho Iwai Corp., one of the biggest Japanese trading houses, now buys almost twice as many goods from China as it sells to that country.@@@@1@27@@oe@2-2-2013
21469033@unknown@formal@none@1@S@Three years ago, the ratio was reversed.@@@@1@7@@oe@2-2-2013
21469034@unknown@formal@none@1@S@But the strategy isn't helping much this time.@@@@1@8@@oe@2-2-2013
21469035@unknown@formal@none@1@S@"Both sectors of imports and exports look just as bad," says Masahiko Kitamura, general manager of Nissho Iwai's Canton office.@@@@1@20@@oe@2-2-2013
21469036@unknown@formal@none@1@S@He expects the company's trading business to drop as much as 40% this year.@@@@1@14@@oe@2-2-2013
21469037@unknown@formal@none@1@S@For a short time after June 4, it appeared that the trade picture would remain fairly bright.@@@@1@17@@oe@2-2-2013
21469038@unknown@formal@none@1@S@Many foreign trading offices in Hong Kong were swamped with telexes and telephone calls from Chinese trade officials urging them not to sever ties.@@@@1@24@@oe@2-2-2013
21469039@unknown@formal@none@1@S@Even the Bank of China, which normally took weeks to process letters of credit, was settling the letters at record speed to dispel rumors about the bank's financial health.@@@@1@29@@oe@2-2-2013
21469040@unknown@formal@none@1@S@But when foreign traders tried to do business, they discovered that the eagerness of Chinese trade officials was just a smokescreen.@@@@1@21@@oe@2-2-2013
21469041@unknown@formal@none@1@S@The suspension of foreign loans has weakened the buying power of China's national trading companies, which are among the country's biggest importers.@@@@1@22@@oe@2-2-2013
21469042@unknown@formal@none@1@S@Business isn't any better on the provincial or municipal level, foreign traders say.@@@@1@13@@oe@2-2-2013
21469043@unknown@formal@none@1@S@Shanghai Investment & Trust Co., known as Sitco, is the city's main financier for trading business.@@@@1@16@@oe@2-2-2013
21469044@unknown@formal@none@1@S@Sitco had customarily tapped the Japanese bond market for funds, but it can't do that any longer.@@@@1@17@@oe@2-2-2013
21469045@unknown@formal@none@1@S@Foreign traders say the company is strapped for cash.@@@@1@9@@oe@2-2-2013
21469046@unknown@formal@none@1@S@"It has difficulties paying its foreign debts," says a Hong Kong executive who is familiar with Sitco's business.@@@@1@18@@oe@2-2-2013
21469047@unknown@formal@none@1@S@"How can it make available funds for purchases?"@@@@1@8@@oe@2-2-2013
21469048@unknown@formal@none@1@S@Foreign traders also say many of China's big infrastructural projects have been canceled or postponed because of the squeeze on domestic and foreign credit.@@@@1@24@@oe@2-2-2013
21469049@unknown@formal@none@1@S@Albert Lee, a veteran trader who specializes in machinery sales, estimates that as many as 70% of projects that had obtained approval to proceed have been canceled in recent months.@@@@1@30@@oe@2-2-2013
21469050@unknown@formal@none@1@S@"There are virtually no new projects, and that means no new business for us," he says.@@@@1@16@@oe@2-2-2013
21469051@unknown@formal@none@1@S@Even when new lending resumes, foreign exchange would still be tight because Beijing will likely try to rein in foreign borrowing, which has grown between 30% and 40% in the past few years.@@@@1@33@@oe@2-2-2013
21469052@unknown@formal@none@1@S@And foreign creditors are likely to be more cautious about extending new loans because China is nearing a peak repayment period as many loans start falling due in the next two to five years.@@@@1@34@@oe@2-2-2013
21469053@unknown@formal@none@1@S@Another reason for the intensity of the trade problems is that Beijing has extended the current clampdown on imports beyond the usual target of consumer products to include steel, chemical fertilizers and plastics.@@@@1@33@@oe@2-2-2013
21469054@unknown@formal@none@1@S@These have been among the country's leading imports, particularly last year when there were shortages that led many traders to buy heavily and pay dearly.@@@@1@25@@oe@2-2-2013
21469055@unknown@formal@none@1@S@But the shortages also spawned rampant speculation and spiraling prices.@@@@1@10@@oe@2-2-2013
21469056@unknown@formal@none@1@S@To stem speculation, Beijing imposed ceiling prices that went into effect earlier this year.@@@@1@14@@oe@2-2-2013
21469057@unknown@formal@none@1@S@Traders who had bought the goods at prices above the ceiling don't want to take a loss on resales and are holding onto their stock.@@@@1@25@@oe@2-2-2013
21469058@unknown@formal@none@1@S@The resulting stockpiling has depressed the market.@@@@1@7@@oe@2-2-2013
21469059@unknown@formal@none@1@S@But Beijing can't cut back on such essential imports as raw materials for too long without hampering the country's export business.@@@@1@21@@oe@2-2-2013
21469060@unknown@formal@none@1@S@Mr. Kamm, the China trade expert, estimates that as much as 50% of Guangdong's exports is made up of processed imported raw materials.@@@@1@23@@oe@2-2-2013
21470001@unknown@formal@none@1@S@Oil Spill Case Shows Liability Fund Flaws@@@@1@7@@oe@2-2-2013
21470002@unknown@formal@none@1@S@AN UNRESOLVED two-year-old dispute stemming from an Alaskan oil spill has helped spur a drive for tougher federal laws to protect victims of such accidents.@@@@1@25@@oe@2-2-2013
21470003@unknown@formal@none@1@S@The class-action suit highlights shortcomings of the Trans-Alaska Pipeline Liability Fund, which gets its money from oil companies using the pipeline and compensates those harmed by oil spills.@@@@1@28@@oe@2-2-2013
21470004@unknown@formal@none@1@S@On July 2, 1987, the tanker S.S. Glacier Bay struck a rock and spilled almost 150,000 gallons of oil into the Cook Inlet.@@@@1@23@@oe@2-2-2013
21470005@unknown@formal@none@1@S@Commercial fishermen and fish processors filed suit in federal court in a claim that has ballooned to more than $104.8 million.@@@@1@21@@oe@2-2-2013
21470006@unknown@formal@none@1@S@Defendants include British Petroleum America; Trinidad Corp., the shipper; and the pipeline liability fund.@@@@1@14@@oe@2-2-2013
21470007@unknown@formal@none@1@S@The fund was created by the Trans-Alaska Pipeline Act, which provides that the owner or operator of a vessel involved in an oil spill must pay the first $14 million in damages.@@@@1@32@@oe@2-2-2013
21470008@unknown@formal@none@1@S@The fund is required to pay claims up to an additional $86 million.@@@@1@13@@oe@2-2-2013
21470009@unknown@formal@none@1@S@The fund's purpose is to provide quick and adequate relief.@@@@1@10@@oe@2-2-2013
21470010@unknown@formal@none@1@S@But the Glacier Bay case, the fund's first test, shows how easily the fund can be undermined.@@@@1@17@@oe@2-2-2013
21470011@unknown@formal@none@1@S@Trinidad Corp. is contesting liability.@@@@1@5@@oe@2-2-2013
21470012@unknown@formal@none@1@S@It claims the Coast Guard failed to chart the rock and refuses to pay damages.@@@@1@15@@oe@2-2-2013
21470013@unknown@formal@none@1@S@That means the fund isn't obligated to pay anything, at least so far.@@@@1@13@@oe@2-2-2013
21470014@unknown@formal@none@1@S@The Oil Pollution Act, scheduled to come up for a vote in Congress this fall, would provide that if claimants aren't paid within 90 days of a spill, the liability fund would compensate them and seek reimbursement from the owner or operator of the vessel, says a spokesman for Rep. George Miller (D., Calif.), a sponsor of the bill.@@@@1@59@@oe@2-2-2013
21470015@unknown@formal@none@1@S@The spokesman says the "glitch" in the statute is "the worst kind of Catch-22."@@@@1@14@@oe@2-2-2013
21470016@unknown@formal@none@1@S@Many Law School Grads Find Classes Never End@@@@1@8@@oe@2-2-2013
21470017@unknown@formal@none@1@S@RECENT LAW school graduates are starting jobs with law firms this fall -- and heading back to class.@@@@1@18@@oe@2-2-2013
21470018@unknown@formal@none@1@S@Bar associations and consultants are offering more programs to teach associates all they need to know about law but didn't learn in law school.@@@@1@24@@oe@2-2-2013
21470019@unknown@formal@none@1@S@"Law school teaches wonderful theory, but it doesn't teach the nuts and bolts of practical lawyering," says Aaron Weitz, head of a New York County Lawyers' Association committee that sponsors such a course.@@@@1@33@@oe@2-2-2013
21470020@unknown@formal@none@1@S@In the past, associates learned the basics from senior lawyers who acted as mentors.@@@@1@14@@oe@2-2-2013
21470021@unknown@formal@none@1@S@But these days, large firms hire as many as 30 new associates a year, and it's impossible to personally train everyone, says Joel Henning of Hildebrandt Inc., a consulting firm that runs training classes.@@@@1@34@@oe@2-2-2013
21470022@unknown@formal@none@1@S@The Hildebrandt course enables students to brush up on negotiation skills by role playing in simulated deals.@@@@1@17@@oe@2-2-2013
21470023@unknown@formal@none@1@S@Students also are taught to return clients' phone calls immediately and to treat the support staff with respect.@@@@1@18@@oe@2-2-2013
21470024@unknown@formal@none@1@S@Many law firms sponsor their own programs.@@@@1@7@@oe@2-2-2013
21470025@unknown@formal@none@1@S@At the Baltimore firm of Weinberg & Green, new corporate and banking associates are required to enroll in a 20-class course.@@@@1@21@@oe@2-2-2013
21470026@unknown@formal@none@1@S@Partners lecture on how to form corporations, draft agreements and defend clients against unwanted tender offers.@@@@1@16@@oe@2-2-2013
21470027@unknown@formal@none@1@S@Now, clients know that new associates have had some practical training before working on their cases, says James J. Hanks, a partner at the firm.@@@@1@25@@oe@2-2-2013
21470028@unknown@formal@none@1@S@Los Angeles Creates A Courthouse for Kids@@@@1@7@@oe@2-2-2013
21470029@unknown@formal@none@1@S@THE CHILDREN of Los Angeles will soon have their own $52 million courthouse.@@@@1@13@@oe@2-2-2013
21470030@unknown@formal@none@1@S@The building, which will handle child abuse, custody and foster care cases, will be "less formal, less threatening and just basically less grim than most courthouses," says Edmund Edelman, chairman of the Los Angeles County Board of Supervisors.@@@@1@38@@oe@2-2-2013
21470031@unknown@formal@none@1@S@Designs call for an L-shaped structure with a playground in the center.@@@@1@12@@oe@2-2-2013
21470032@unknown@formal@none@1@S@There will be recreation and movie rooms.@@@@1@7@@oe@2-2-2013
21470033@unknown@formal@none@1@S@Teens will be able to listen to music with headsets.@@@@1@10@@oe@2-2-2013
21470034@unknown@formal@none@1@S@Study halls, complete with reference materials, will be available.@@@@1@9@@oe@2-2-2013
21470035@unknown@formal@none@1@S@And there will be a nurse's station and rooms for children to meet with social workers.@@@@1@16@@oe@2-2-2013
21470036@unknown@formal@none@1@S@The building's 25 courtrooms will be smaller, says Charlene Saunders, a court administrator.@@@@1@13@@oe@2-2-2013
21470037@unknown@formal@none@1@S@The bench will be lower so the judge seems less intimidating, and walls will be painted in bright colors and covered with murals.@@@@1@23@@oe@2-2-2013
21470038@unknown@formal@none@1@S@Cases in Los Angeles County involving dependent children are usually heard in the Criminal Courts Building.@@@@1@16@@oe@2-2-2013
21470039@unknown@formal@none@1@S@"We need to get the kids away from the criminals into a less traumatic environment," says Mr. Edelman.@@@@1@18@@oe@2-2-2013
21470040@unknown@formal@none@1@S@About 45,000 children in Los Angeles County are under court supervision, Mr. Edelman says, and an average of 1,500 new children are added each month.@@@@1@25@@oe@2-2-2013
21470041@unknown@formal@none@1@S@The courthouse, to be built in Monterey Park, is expected to open in the spring of 1992.@@@@1@17@@oe@2-2-2013
21470042@unknown@formal@none@1@S@Law Firm Management Can Be Quite Rewarding@@@@1@7@@oe@2-2-2013
21470043@unknown@formal@none@1@S@IT PAYS to follow a management career path -- even at law firms.@@@@1@13@@oe@2-2-2013
21470044@unknown@formal@none@1@S@That's the conclusion of a recent study of large law firms conducted by Altman & Weil Inc., an Ardmore, Pa., law firm consultant.@@@@1@23@@oe@2-2-2013
21470045@unknown@formal@none@1@S@Its survey of 96 firms, each with 100 to 1,000 lawyers, shows that managing partners earned an average of $395,974 in compensation and cash benefits in the firms' 1988 fiscal years.@@@@1@31@@oe@2-2-2013
21470046@unknown@formal@none@1@S@Managing partners who responded to the survey typically spend over half their time supervising their firms' day-to-day operations and just a little more than a third of their time practicing law.@@@@1@31@@oe@2-2-2013
21470047@unknown@formal@none@1@S@Partners in the survey who devote most of their time to practicing law earned an average of about $217,000.@@@@1@19@@oe@2-2-2013
21471001@unknown@formal@none@1@S@Chairman Jamie Whitten (D., Miss.) of the House Appropriations Committee proposed a $2.85 billion emergency funding package to assist California's recovery from last week's earthquake and extend further aid to East Coast victims of Hurricane Hugo.@@@@1@36@@oe@2-2-2013
21471002@unknown@formal@none@1@S@The sweeping measure incorporates $500 million in small-business loans, $1 billion in highway-construction funds and $1.25 billion divided between general emergency assistance and a reserve to be available to President Bush to meet unanticipated costs from the two disasters.@@@@1@39@@oe@2-2-2013
21471003@unknown@formal@none@1@S@The funds would be attached to a stop-gap spending bill required to keep most of the government operating past Wednesday.@@@@1@20@@oe@2-2-2013
21471004@unknown@formal@none@1@S@The measure is scheduled to be taken up by the Appropriations Committee today.@@@@1@13@@oe@2-2-2013
21471005@unknown@formal@none@1@S@The panel is expected to add provisions waiving restrictions on the use of federal highway funds and may also shift money within the package to bolster the share for the Small Business Administration.@@@@1@33@@oe@2-2-2013
21471006@unknown@formal@none@1@S@"We will support it, we will thank him, and we will augment it where appropriate," said Rep. Vic Fazio (D., Calif.).@@@@1@21@@oe@2-2-2013
21471007@unknown@formal@none@1@S@Dubbed the "Dire Emergency Supplemental to Meet the Needs of Natural Disasters of National Significance," the measure is vintage Whitten in asserting federal responsibility and in disdaining budget impediments.@@@@1@29@@oe@2-2-2013
21471008@unknown@formal@none@1@S@"Such other amounts will be made available subsequently as required," the legislation reads, and the new obligations "shall not be a charge against the Budget Act, Gramm-Rudman-Hollings, or other ceilings.@@@@1@30@@oe@2-2-2013
21472001@unknown@formal@none@1@S@Moody's Investors Service Inc. said it lowered the ratings of some $145 million of Pinnacle debt because of "accelerating deficiency in liquidity," which it said was evidenced by Pinnacle's elimination of dividend payments.@@@@1@33@@oe@2-2-2013
21472002@unknown@formal@none@1@S@Henry Sargent Jr., Pinnacle executive vice president, said the action "won't really have any effect on us.@@@@1@17@@oe@2-2-2013
21472003@unknown@formal@none@1@S@We aren't selling bonds right now, and I don't think it will affect the value of our existing bonds."@@@@1@19@@oe@2-2-2013
21472004@unknown@formal@none@1@S@The rating agency said it lowered the ratings on $75 million of the holding company's convertible subordinated Eurodebentures to B-3 from B-1.@@@@1@22@@oe@2-2-2013
21472005@unknown@formal@none@1@S@Moody's said it also lowered the ratings of $70 million of Pinnacle's MeraBank thrift unit long-term deposits to B-3 from B-2, and on its subordinated debt to Ca from Caa.@@@@1@30@@oe@2-2-2013
21472006@unknown@formal@none@1@S@MeraBank's rating for short-term deposits remains Not Prime.@@@@1@8@@oe@2-2-2013
21472007@unknown@formal@none@1@S@Securities of MeraBank were placed under review last May, and will remain under review for downgrade, the agency said.@@@@1@19@@oe@2-2-2013
21473001@unknown@formal@none@1@S@First, the somewhat affected idealism of the 1960s.@@@@1@8@@oe@2-2-2013
21473002@unknown@formal@none@1@S@Then, the all-too-sincere opportunism of the 1970s and 1980s.@@@@1@9@@oe@2-2-2013
21473003@unknown@formal@none@1@S@What now?@@@@1@2@@oe@2-2-2013
21473004@unknown@formal@none@1@S@To judge from novels that mirror the contemporary scene, we're back in the age of anxiety.@@@@1@16@@oe@2-2-2013
21473005@unknown@formal@none@1@S@Where '60s dropouts professed to scorn middle-class life and ambitious yuppies hoped to leave it far behind as they scaled the upper reaches of success, it now seems that so many people feel they're slipping between the cracks, that middle-class life is viewed with nostalgia or outright longing.@@@@1@48@@oe@2-2-2013
21473006@unknown@formal@none@1@S@Lisa Zeidner's third novel, "Limited Partnerships" (North Point Press, 256 pages, $18.95) is a stylish, funny and thoughtful look at the way love relationships are affected by the pressures of money, or, more specifically, the lack of it.@@@@1@38@@oe@2-2-2013
21473007@unknown@formal@none@1@S@Nora Worth and Malcolm DeWitt, 33 and 39 respectively, live together in a townhouse in a transitional Philadelphia neighborhood.@@@@1@19@@oe@2-2-2013
21473008@unknown@formal@none@1@S@Malcolm, a former film-maker turned architect, has just seen his first big chance at a lucrative commission turn to dust with the arrest of his shady, obnoxious client, a fly-by-night real estate developer.@@@@1@33@@oe@2-2-2013
21473009@unknown@formal@none@1@S@Nora, who still has artistic aspirations, knows she is lucky to be working as a food stylist, prepping pies, burgers, frosty cold drinks and other comestibles to look as appetizing as possible in front of the camera.@@@@1@37@@oe@2-2-2013
21473010@unknown@formal@none@1@S@After all, she reasons, "there were housewives with Nikons and degrees from cooking schools in France who would kill for her job."@@@@1@22@@oe@2-2-2013
21473011@unknown@formal@none@1@S@But Nora and Malcolm feel trapped.@@@@1@6@@oe@2-2-2013
21473012@unknown@formal@none@1@S@They seem to be having the "worst of both worlds: artistic work with none of art's integrity and no control over the finished product; self-employment without fun or profit."@@@@1@29@@oe@2-2-2013
21473013@unknown@formal@none@1@S@It's a downbeat, "thirtysomething" world, in which bright, still youngish people are engaged in a glossy version of day labor, doing free-lance, semi-professional work that brings little satisfaction or security but that they know they should be grateful to do.@@@@1@40@@oe@2-2-2013
21473014@unknown@formal@none@1@S@Uncertainty dogs every aspect of their lives.@@@@1@7@@oe@2-2-2013
21473015@unknown@formal@none@1@S@Malcolm faces bankruptcy and an IRS audit, but Nora finds an extra $30,000 in her bank account, suddenly increasing her available funds some fifteenfold.@@@@1@24@@oe@2-2-2013
21473016@unknown@formal@none@1@S@While she is wondering whether to live it up, and do something even more dramatic, say get married, her life is further complicated by the reappearance of an old flame, David, a film critic and actor who always seems to be just on the brink of stardom.@@@@1@47@@oe@2-2-2013
21473017@unknown@formal@none@1@S@In novels of an earlier vintage, David would have represented excitement and danger; Malcolm, placid, middle-class security.@@@@1@17@@oe@2-2-2013
21473018@unknown@formal@none@1@S@The irony in this novel is that neither man represents a "safe" middle-class haven: Nora's decision is between emotional excitement and emotional security, with no firm economic base anywhere.@@@@1@29@@oe@2-2-2013
21473019@unknown@formal@none@1@S@The characters confront a world in which it seems increasingly difficult to find a "middle way" between the extremes of success and failure, wealth and poverty.@@@@1@26@@oe@2-2-2013
21473020@unknown@formal@none@1@S@In making Malcolm and Nora such wonderfully representative specimens of their class and generation, Ms. Zeidner has somewhat neglected the task of making them distinctively individual characters.@@@@1@27@@oe@2-2-2013
21473021@unknown@formal@none@1@S@The humor of the story owes much to the fact that no hearts (even the characters' own) are likely to bleed for the plight of health-food eaters.@@@@1@27@@oe@2-2-2013
21473022@unknown@formal@none@1@S@But readers may well feel the pangs of recognition.@@@@1@9@@oe@2-2-2013
21473023@unknown@formal@none@1@S@In any case, the foundering middle classes aren't the only ones in trouble -- or whose troubles provide material for fiction.@@@@1@21@@oe@2-2-2013
21473024@unknown@formal@none@1@S@"Rascal Money" (Contemporary Books, 412 pages, $17.95), a novel by consultant and business analyst Joseph R. Garber, tells the story of an innovative, well-run, widely respected computer manufacturing company called PegaSys as it faces a hostile takeover attempt by AIW, a much smaller corporation that is so incompetently managed as to constitute a standing joke in the business world.@@@@1@59@@oe@2-2-2013
21473025@unknown@formal@none@1@S@Patrician, dynamic Scott Thatcher, founder and head of PegaSys, initially finds the takeover threat risible.@@@@1@15@@oe@2-2-2013
21473026@unknown@formal@none@1@S@But, as he and his skilled team soon discover, they're up against two factors they hadn't counted on: first, a business climate in which a failing company with few assets and many debts can borrow against the assets of the successful company it hopes to acquire in order to finance the takeover; second, that standing behind AIW is a sinister consortium of much bigger, shadier and shrewder foreign interests secretly providing the money and muscle for the deal.@@@@1@78@@oe@2-2-2013
21473027@unknown@formal@none@1@S@Mr. Garber manages to invest this tale of financial wars with the colorful characters and fast-paced action of a suspense novel.@@@@1@21@@oe@2-2-2013
21473028@unknown@formal@none@1@S@And like a spy or mystery story, this novel has strong elements of allegory, as the good and evil forces battle it out.@@@@1@23@@oe@2-2-2013
21473029@unknown@formal@none@1@S@Mr. Garber depicts these moral qualities with the broad brush strokes of a satire that occasionally descends to the realm of cliched caricatures.@@@@1@23@@oe@2-2-2013
21473030@unknown@formal@none@1@S@Standard-issue portraits of flaky Californians, snobbish homosexuals and Neanderthal union leaders undermine the force of the author's perceptions.@@@@1@18@@oe@2-2-2013
21473031@unknown@formal@none@1@S@Yet the heavy-handedness of the satire also can be effective in a book like this: If the head of AIW were not portrayed as an utterly contemptible, malicious dolt, we would not much care whether his schemes were defeated, and would not be so diverted in the process.@@@@1@48@@oe@2-2-2013
21473032@unknown@formal@none@1@S@Ms. Rubin is a free-lance writer based in Los Angeles.@@@@1@10@@oe@2-2-2013
21474001@unknown@formal@none@1@S@High-definition television promises to be the TV of tomorrow, so it is a natural multibillion-dollar market.@@@@1@16@@oe@2-2-2013
21474002@unknown@formal@none@1@S@Although major U.S. manufacturers have all but ceded the main segment of that future business to Japan, not everyone here is ready to give up.@@@@1@25@@oe@2-2-2013
21474003@unknown@formal@none@1@S@A handful of small U.S. companies are struggling to develop the technology to build the screens for the thin, high-quality televisions that are expected to hang on living room walls by the end of the 1990s.@@@@1@36@@oe@2-2-2013
21474004@unknown@formal@none@1@S@With only small help from the government, these start-up concerns are trying to compete with the Goliaths of the Japanese consumer electronics industry, which enjoy considerable backing from the Japanese government.@@@@1@31@@oe@2-2-2013
21474005@unknown@formal@none@1@S@Photonics Technology Inc. of Northwood, Ohio, aims to use a new form of plasma technology to put movie-quality images on a TV display that is 40 inches in diameter but only a few inches thick.@@@@1@35@@oe@2-2-2013
21474006@unknown@formal@none@1@S@Planar Systems Inc. of Beaverton, Ore., the largest of these firms, with $20 million in annual revenue, has similar plans.@@@@1@20@@oe@2-2-2013
21474007@unknown@formal@none@1@S@It already has had success in electroluminescence, another promising technology adaptable for high-definition television.@@@@1@14@@oe@2-2-2013
21474008@unknown@formal@none@1@S@Two other firms, Ovonic Imaging Systems Inc. of Troy, Mich., and Magnascreen Corp. of Pittsburgh are developing a variation of the flat-panel screens called active-matrix liquid crystal displays.@@@@1@28@@oe@2-2-2013
21474009@unknown@formal@none@1@S@The new technologies are intended to retire the cathode-ray tube, which accounts for most of the bulk of the conventional TV set.@@@@1@22@@oe@2-2-2013
21474010@unknown@formal@none@1@S@Replacing the cathode-ray tube with a large, thin screen is the key to the creation of a high-definition television, or HDTV, which is expected to become a $30 billion business world-wide within a decade.@@@@1@34@@oe@2-2-2013
21474011@unknown@formal@none@1@S@Large U.S. companies are interested in other segments of the HDTV business, such as signal-processing and broadcast equipment.@@@@1@18@@oe@2-2-2013
21474012@unknown@formal@none@1@S@But except for Zenith Electronics Corp. and International Business Machines Corp., which is collaborating with Toshiba on computer displays, they are poorly positioned to exploit advances in large panels.@@@@1@29@@oe@2-2-2013
21474013@unknown@formal@none@1@S@General Electric Co. recently sold off its interests in liquid-crystal displays to Thompson-CSF of France.@@@@1@15@@oe@2-2-2013
21474014@unknown@formal@none@1@S@"We found the market not developing as we thought it would," a GE spokesman says.@@@@1@15@@oe@2-2-2013
21474015@unknown@formal@none@1@S@The small U.S. firms are persisting because of their strong positions in patents, and because the prize is still there to be seized.@@@@1@23@@oe@2-2-2013
21474016@unknown@formal@none@1@S@"No one yet has shown the ability to manufacture these panels" at commercial costs, says Zvi Yaniv, the president of Ovonic Imaging.@@@@1@22@@oe@2-2-2013
21474017@unknown@formal@none@1@S@He says he thinks his company is just a few years from doing that.@@@@1@14@@oe@2-2-2013
21474018@unknown@formal@none@1@S@The Bush administration, hearing conflicting advice about what its role in HDTV should be, isn't doing much for now.@@@@1@19@@oe@2-2-2013
21474019@unknown@formal@none@1@S@The only material support it is extending to the struggling U.S. industry is $30 million in awards from the Pentagon's Defense Advanced Research Projects Agency.@@@@1@25@@oe@2-2-2013
21474020@unknown@formal@none@1@S@The DARPA funds are a pittance compared with what Japan and other prospective competitors are spending.@@@@1@16@@oe@2-2-2013
21474021@unknown@formal@none@1@S@The Commerce Department estimates that Japanese government and industry spending on HDTV research is already over $1 billion.@@@@1@18@@oe@2-2-2013
21474022@unknown@formal@none@1@S@"Unless it gets more help, the U.S. industry won't have a chance," says Peter Friedman, Photonics's executive vice president.@@@@1@19@@oe@2-2-2013
21474023@unknown@formal@none@1@S@Thus far, almost all of the basic technology relating to high-definition television has come from U.S. laboratories.@@@@1@17@@oe@2-2-2013
21474024@unknown@formal@none@1@S@But Peter Brody, Magnascreen's president, says Japanese companies are poised to snatch the technology and put it to commercial use, just as they did with earlier U.S. innovations in color television and video recording.@@@@1@34@@oe@2-2-2013
21474025@unknown@formal@none@1@S@In the 1970s, Mr. Brody helped develop the first display panels based on active-matrix liquid crystals at Westinghouse Electric Corp.'s research labs in Pittsburgh.@@@@1@24@@oe@2-2-2013
21474026@unknown@formal@none@1@S@The panels are like oversized semiconductors surfaced with a million or more picture elements, each contributing to the color and tone of a TV image.@@@@1@25@@oe@2-2-2013
21474027@unknown@formal@none@1@S@In 1979, however, Westinghouse abandoned the project along with its stake in advanced television.@@@@1@14@@oe@2-2-2013
21474028@unknown@formal@none@1@S@Mr. Brody left the company to find other backers.@@@@1@9@@oe@2-2-2013
21474029@unknown@formal@none@1@S@He has a claim to the right to commercialize the Westinghouse patents, but he contends that those patents are being infringed by a number of Japanese producers.@@@@1@27@@oe@2-2-2013
21474030@unknown@formal@none@1@S@"Most American investors have just given up," Mr. Brody says.@@@@1@10@@oe@2-2-2013
21474031@unknown@formal@none@1@S@"They aren't prepared to compete in an area where the Japanese want to enter."@@@@1@14@@oe@2-2-2013
21474032@unknown@formal@none@1@S@Many critics question the industry's need for federal support; the Pentagon justifies its help on national-security grounds.@@@@1@17@@oe@2-2-2013
21474033@unknown@formal@none@1@S@"We don't see a domestic source for some of our {HDTV} requirements, and that's a source of concern," says Michael Kelly, director of DARPA's defense manufacturing office.@@@@1@27@@oe@2-2-2013
21474034@unknown@formal@none@1@S@So DARPA is trying to keep the industry interested in developing large display panels by doling out research funds.@@@@1@19@@oe@2-2-2013
21474035@unknown@formal@none@1@S@HDTV already has some military applications, such as creating realistic flight simulations and transmitting information to combat commanders.@@@@1@18@@oe@2-2-2013
21474036@unknown@formal@none@1@S@The Navy is ordering displays for its Aegis cruisers and the Army wants smaller versions for its Abrams battle tanks.@@@@1@20@@oe@2-2-2013
21474037@unknown@formal@none@1@S@The Commerce Department also is trying to encourage HDTV because of the benefits that could spin off to the semiconductor and computer industries.@@@@1@23@@oe@2-2-2013
21474038@unknown@formal@none@1@S@"It isn't just yuppie television," argues Jack Clifford, director of the department's office of microelectronics and instrumentation.@@@@1@17@@oe@2-2-2013
21474039@unknown@formal@none@1@S@"The industry will create industrial products such as displays for work stations and medical diagnostic equipment before it acquires a mass consumer market."@@@@1@23@@oe@2-2-2013
21474040@unknown@formal@none@1@S@Although some HDTV advocates are calling for other forms of aid, such as antitrust relief for research consortia, the small firms simply would prefer more DARPA funds.@@@@1@27@@oe@2-2-2013
21474041@unknown@formal@none@1@S@Each claims to possess the right technology and wants just a bit more money to make it commercial.@@@@1@18@@oe@2-2-2013
21474042@unknown@formal@none@1@S@They also want U.S. trade policy to reflect the Pentagon and Commerce department's concern over their future.@@@@1@17@@oe@2-2-2013
21474043@unknown@formal@none@1@S@They all are strongly opposed to a petition from several Japanese TV manufacturers, including Matsushita, Hitachi, and Toshiba, to exempt portable color TVs with liquid-crystal displays from anti-dumping duties that the U.S. imposes on the larger Japanese color TVs.@@@@1@39@@oe@2-2-2013
21474044@unknown@formal@none@1@S@And they want the U.S. to help them sell overseas.@@@@1@10@@oe@2-2-2013
21474045@unknown@formal@none@1@S@Planar President James Hurd says he has to pay tariffs as high as 15% to sell his display panels in Japan and South Korea, while panels from those countries enter the U.S. duty-free.@@@@1@33@@oe@2-2-2013
21474046@unknown@formal@none@1@S@"This isn't a technology issue, but an attitude issue," he says.@@@@1@11@@oe@2-2-2013
21474047@unknown@formal@none@1@S@"We just haven't learned what it takes to compete.@@@@1@9@@oe@2-2-2013
21475001@unknown@formal@none@1@S@Burmah Oil PLC, a British independent oil and specialty-chemicals marketing concern, said SHV Holdings N.V. has built up a 7.5% stake in the company.@@@@1@24@@oe@2-2-2013
21475002@unknown@formal@none@1@S@The holding of 13.6 million shares is up from a 6.7% stake that Burmah announced SHV held as of last Monday.@@@@1@21@@oe@2-2-2013
21475003@unknown@formal@none@1@S@SHV, of the Netherlands, which last year merged its North Sea oil and gas operations with those of Calor Group PLC and which owns 40% of Calor, was identified as a possible suitor for Burmah.@@@@1@35@@oe@2-2-2013
21475004@unknown@formal@none@1@S@Burmah said it hadn't held any discussions with SHV and that "no deal of any nature is in contemplation.@@@@1@19@@oe@2-2-2013
21476001@unknown@formal@none@1@S@The top state environmental official in Massachusetts said Clean Harbors Inc.'s environmental-impact statement for a proposed incinerator in Braintree was inadequate.@@@@1@21@@oe@2-2-2013
21476002@unknown@formal@none@1@S@The official, John DeVillars, asked Clean Harbors for more information before ruling on a permit for the site.@@@@1@18@@oe@2-2-2013
21476003@unknown@formal@none@1@S@Critics of the plan, including the town of Braintree, say the incinerator is a health hazard.@@@@1@16@@oe@2-2-2013
21476004@unknown@formal@none@1@S@Clean Harbors, based in Quincy, said it "will proceed expeditiously" to submit the data requested.@@@@1@15@@oe@2-2-2013
21476005@unknown@formal@none@1@S@Alan McKim, chief executive officer of Clean Harbors said he was "very much encouraged" by the official's praise of Clean Harbors for the quality of some of the data in the report.@@@@1@32@@oe@2-2-2013
21477001@unknown@formal@none@1@S@Citizens & Southern Corp. said it signed a definitive agreement to acquire Security Pacific Corp.'s New York-based factoring unit.@@@@1@19@@oe@2-2-2013
21477002@unknown@formal@none@1@S@Terms of the bank holding companies' agreement weren't disclosed.@@@@1@9@@oe@2-2-2013
21477003@unknown@formal@none@1@S@Factoring involves the purchase and collection of another company's receivables.@@@@1@10@@oe@2-2-2013
21477004@unknown@formal@none@1@S@Citizens, based in Atlanta, said it has about $4.6 billion in factored sales annually; the Security Pacific unit has about $1.8 billion annually.@@@@1@23@@oe@2-2-2013
21477005@unknown@formal@none@1@S@Security Pacific's factoring business works with companies in the apparel, textile and food industries, among others.@@@@1@16@@oe@2-2-2013
21478001@unknown@formal@none@1@S@The Office of Thrift Supervision banned B.J. Garman, a former director of the failed Vision Banc Savings Association of Kingsville, Texas, from working in any financial institution insured by the government.@@@@1@31@@oe@2-2-2013
21478002@unknown@formal@none@1@S@The office, a Treasury Department unit that is the successor to the Federal Home Loan Bank Board, said this was the first announcement of an enforcement action since this year's thrift-bailout legislation ordered that all such actions by federal banking regulators be made public.@@@@1@44@@oe@2-2-2013
21478003@unknown@formal@none@1@S@Generally, regulators haven't announced enforcement actions in the past.@@@@1@9@@oe@2-2-2013
21478004@unknown@formal@none@1@S@Indeed, the OTS said that before the law took effect Aug. 9, it banned another "key Vision Banc insider" from insured financial institutions.@@@@1@23@@oe@2-2-2013
21478005@unknown@formal@none@1@S@That individual wasn't identified.@@@@1@4@@oe@2-2-2013
21478006@unknown@formal@none@1@S@Vision Banc was placed in government conservatorship in March, and it operates under the control of the Resolution Trust Corp., the agency created to sell or liquidate insolvent thrifts.@@@@1@29@@oe@2-2-2013
21478007@unknown@formal@none@1@S@The OTS didn't say specifically why the action was taken against Ms. Garman.@@@@1@13@@oe@2-2-2013
21478008@unknown@formal@none@1@S@However, it said examiners found a variety of insider dealings at the thrift, including "extraordinary loan commissions" paid to a firm associated with Vision Banc officials, and loans diverted through borrowers back to the thrift officials.@@@@1@36@@oe@2-2-2013
21478009@unknown@formal@none@1@S@Ms. Garman couldn't be reached for comment.@@@@1@7@@oe@2-2-2013
21479001@unknown@formal@none@1@S@Arizona Instrument Corp. said it expects to post a third-quarter net loss of about $600,000, or 25 cents to 27 cents a share, compared with net income of $214,000, or 10 cents a share, a year earlier.@@@@1@37@@oe@2-2-2013
21479002@unknown@formal@none@1@S@The Tempe, Ariz., maker of underground fuel-storage systems said the most recent period was affected by customers' problems complying with recent Environmental Protection Agency regulations.@@@@1@25@@oe@2-2-2013
21479003@unknown@formal@none@1@S@For the nine months, the company expects to post a net loss of about $879,000, or 35 cents to 40 cents a share, on revenue of $6.5 million.@@@@1@28@@oe@2-2-2013
21479004@unknown@formal@none@1@S@A year earlier, it had a loss of $199,203 or nine cents a share, on revenue of $7.6 million.@@@@1@19@@oe@2-2-2013
21480001@unknown@formal@none@1@S@Growth is good.@@@@1@3@@oe@2-2-2013
21480002@unknown@formal@none@1@S@At least, that's a theme emerging among many money managers who are anxious both to preserve the handsome stock-market gains they have already achieved this year and to catch the next wave of above-average performers.@@@@1@35@@oe@2-2-2013
21480003@unknown@formal@none@1@S@They are starting to buy growth stocks.@@@@1@7@@oe@2-2-2013
21480004@unknown@formal@none@1@S@Remember them?@@@@1@2@@oe@2-2-2013
21480005@unknown@formal@none@1@S@The upper echelon of this group were shares of the "nifty 50" companies whose profits of the 1960s and early 1970s grew steadily, if not spectacularly, through thick and thin.@@@@1@30@@oe@2-2-2013
21480006@unknown@formal@none@1@S@That sort of workhorse performance sounds made to order for a time when corporate profits overall have been weakening from the brisk increases of recent years.@@@@1@26@@oe@2-2-2013
21480007@unknown@formal@none@1@S@The current flood of third-quarter reports are producing many more negative surprises than positive ones.@@@@1@15@@oe@2-2-2013
21480008@unknown@formal@none@1@S@Those are unwelcome trends in a year that the Dow Jones Industrial Average has risen 23% so far, even with the 190.58-point plunge on Oct. 13; broader market measures are in the same neighborhood.@@@@1@34@@oe@2-2-2013
21480009@unknown@formal@none@1@S@The question for investors is, how to protect these returns and yet reach a little for additional gains.@@@@1@18@@oe@2-2-2013
21480010@unknown@formal@none@1@S@That's the path of reasoning leading to growth stocks.@@@@1@9@@oe@2-2-2013
21480011@unknown@formal@none@1@S@"I think it is a good theme for what looks to be an uncertain market," says Steven Einhorn, partner at Goldman Sachs.@@@@1@22@@oe@2-2-2013
21480012@unknown@formal@none@1@S@Growth stocks may be as big as Philip Morris or medium-sized such as Circuit City Stores, but their common characteristic is a history of increasing profits on the order of at least 15% to 20% a year, money managers say.@@@@1@40@@oe@2-2-2013
21480013@unknown@formal@none@1@S@"The period when growth stocks should be performing well is when their earnings are growing at a superior rate to the general level of corporate profits," says Stephen Boesel, president of T. Rowe Price's Growth and Income Fund.@@@@1@38@@oe@2-2-2013
21480014@unknown@formal@none@1@S@Growth stocks also are attractive in periods of market volatility, which many investors and analysts expect in the weeks ahead as everybody tries to discern where the economy is heading.@@@@1@30@@oe@2-2-2013
21480015@unknown@formal@none@1@S@This kind of jumpy uncertainty reminds John Calverley, senior economist for American Express Bank, of the 1969-72 period, when the industrial average rolled through huge ranges and investors flocked to the shares of companies with proven earnings records, which became known as the "nifty 50."@@@@1@45@@oe@2-2-2013
21480016@unknown@formal@none@1@S@And they will again, say money-manager proponents of the growth-stock theme.@@@@1@11@@oe@2-2-2013
21480017@unknown@formal@none@1@S@Cabanne Smith, president of a money management company bearing his name, predicts that investment companies using computers to identify companies with earnings "momentum" will climb on the growth-stock bandwagon as the overall corporate earnings outlook deteriorates further.@@@@1@37@@oe@2-2-2013
21480018@unknown@formal@none@1@S@He also thinks foreign investors, who are showing signs of more discriminate investing, will join the pursuit and pump up prices.@@@@1@21@@oe@2-2-2013
21480019@unknown@formal@none@1@S@"We're just seeing the beginning of a shift," Mr. Smith says.@@@@1@11@@oe@2-2-2013
21480020@unknown@formal@none@1@S@Mr. Smith recommends Cypress Semiconductor that is currently showing a robust 63% earnings growth rate.@@@@1@15@@oe@2-2-2013
21480021@unknown@formal@none@1@S@Ronald Sloan, executive vice president of Siebel Capital Management, likes Wellman Inc., a company that recycles plastic into synthetic fibers for carpeting.@@@@1@22@@oe@2-2-2013
21480022@unknown@formal@none@1@S@Mr. Sloan praises the company as recession resistant and notes that it has an annual earnings growth rate of 32% a year over the past five years.@@@@1@27@@oe@2-2-2013
21480023@unknown@formal@none@1@S@Wellman stock closed Friday at 39 3/8, up 1/8; Mr. Sloan thinks that in a year it could hit 60.@@@@1@20@@oe@2-2-2013
21480024@unknown@formal@none@1@S@Others preach the gospel of buying only blue-chip growth stocks.@@@@1@10@@oe@2-2-2013
21480025@unknown@formal@none@1@S@Carmine Grigoli, chief market strategist for First Boston, who still says, "We expect the Dow average {to be at} 3000 by mid-1990," nonetheless foresees a sluggish economy in the meantime.@@@@1@30@@oe@2-2-2013
21480026@unknown@formal@none@1@S@He recommends such blue-chip growth stalwarts as Philip Morris, PepsiCo, CPC International, Reebok International, and Limited Inc.@@@@1@17@@oe@2-2-2013
21480027@unknown@formal@none@1@S@All have a fiveyear earnings growth rate of more than 20% a year.@@@@1@13@@oe@2-2-2013
21480028@unknown@formal@none@1@S@Some money managers are pursuing growth stocks at the expense of those that rise and fall along with the economic cycle.@@@@1@21@@oe@2-2-2013
21480029@unknown@formal@none@1@S@"One of the stories of the fourth quarter is that we will get an unusual number of earnings disappointments from companies sensitive to the economy," says Mr. Boesel of T. Rowe Price.@@@@1@32@@oe@2-2-2013
21480030@unknown@formal@none@1@S@James Wright, chief investment officer for Banc One Asset Management, says, "We've been selling a disproportionate share of cyclical companies and buying a disproportionate share of high earnings stocks."@@@@1@29@@oe@2-2-2013
21480031@unknown@formal@none@1@S@He recently trimmed his portfolio of International Paper, Dow Chemical, Quantum Chemical, International Business Machines and Digital Equipment.@@@@1@18@@oe@2-2-2013
21480032@unknown@formal@none@1@S@He is putting money in Dress Barn, Circuit City Stores, Bruno's, and Rubbermaid.@@@@1@13@@oe@2-2-2013
21480033@unknown@formal@none@1@S@Big cyclical companies are using "all the tricks they can to stabilize earnings," says Mr. Sloan.@@@@1@16@@oe@2-2-2013
21480034@unknown@formal@none@1@S@He cites IBM, which reported a 30% earnings decline in the third quarter, and which last week announced a $1 billion buy-back of its shares.@@@@1@25@@oe@2-2-2013
21480035@unknown@formal@none@1@S@"What they are telling you is that they don't have the ability to generate higher returns internally," says Mr. Sloan.@@@@1@20@@oe@2-2-2013
21480036@unknown@formal@none@1@S@"When they are buying back stock at 10 times earnings, they are suggesting that the rate of return on competing internal projects is below" returns on the stock.@@@@1@28@@oe@2-2-2013
21480037@unknown@formal@none@1@S@IBM says it considers its shares a good investment.@@@@1@9@@oe@2-2-2013
21480038@unknown@formal@none@1@S@But not all strategists or money managers are ready to throw in the towel completely on cyclicals.@@@@1@17@@oe@2-2-2013
21480039@unknown@formal@none@1@S@Growth stocks may underperform cyclical stocks next year if the Federal Reserve begins to let interest rates drift sufficiently lower to boost the economy.@@@@1@24@@oe@2-2-2013
21480040@unknown@formal@none@1@S@Goldman Sachs's Mr. Einhorn, for one, subscribes to that scenario.@@@@1@10@@oe@2-2-2013
21480041@unknown@formal@none@1@S@He suggests investors think about buying cyclical shares in the weeks ahead, as well as growth issues.@@@@1@17@@oe@2-2-2013
21480042@unknown@formal@none@1@S@Friday's Market Activity@@@@1@3@@oe@2-2-2013
21480043@unknown@formal@none@1@S@Stock prices finished about unchanged Friday in quiet expiration trading.@@@@1@10@@oe@2-2-2013
21480044@unknown@formal@none@1@S@Traders anticipated a volatile session due to the October expiration of stock-index futures and options, and options on individual stocks.@@@@1@20@@oe@2-2-2013
21480045@unknown@formal@none@1@S@But there were fewer price swings than expected.@@@@1@8@@oe@2-2-2013
21480046@unknown@formal@none@1@S@Buy order imbalances on several big stocks were posted by the New York Stock Exchange.@@@@1@15@@oe@2-2-2013
21480047@unknown@formal@none@1@S@But block trading desks and money managers made a concerted effort to meet the imbalances with stock to sell, one trader said.@@@@1@22@@oe@2-2-2013
21480048@unknown@formal@none@1@S@As a result, the Dow Jones Industrial Average drifted in narrow ranges in the final hour of trading, and closed 5.94 higher to 2689.14.@@@@1@24@@oe@2-2-2013
21480049@unknown@formal@none@1@S@New York Stock Exchange volume was 164,830,000.@@@@1@7@@oe@2-2-2013
21480050@unknown@formal@none@1@S@Advancers on the Big Board lagged decliners 662 to 829.@@@@1@10@@oe@2-2-2013
21480051@unknown@formal@none@1@S@For the week, the industrial average gained 119.88 points, or 4.7%, the biggest weekly point advance ever and a better than 50% rebound from the 190.58 point loss the industrial average logged Oct. 13.@@@@1@34@@oe@2-2-2013
21480052@unknown@formal@none@1@S@Broader market averages were little changed in the latest session.@@@@1@10@@oe@2-2-2013
21480053@unknown@formal@none@1@S@Standard & Poor's 500-Stock Index gained 0.03 to 347.16, the Dow Jones Equity Market Index fell 0.02 to 325.50, and the New York Stock Exchange Composite Index fell 0.05 to 192.12.@@@@1@31@@oe@2-2-2013
21480054@unknown@formal@none@1@S@Most of last week's surge in the industrial average came on Monday, when the average rose 88.12 points as market players snapped up blue-chip issues and shunned the broad market.@@@@1@30@@oe@2-2-2013
21480055@unknown@formal@none@1@S@That contrast was reflected in the smaller weekly percentage gains recorded by the broader averages.@@@@1@15@@oe@2-2-2013
21480056@unknown@formal@none@1@S@The S&P 500 rose 4%, the Dow Jones Equity Market index gained 3.7% and the New York Stock Exchange composite index added 3.5%.@@@@1@23@@oe@2-2-2013
21480057@unknown@formal@none@1@S@The Dow Jones Transportation Average fell 32.71 to 1230.80 amid renewed weakness in the airline sector.@@@@1@16@@oe@2-2-2013
21480058@unknown@formal@none@1@S@UAL skidded 21 5/8 to 168 1/2 on 2.2 million shares.@@@@1@11@@oe@2-2-2013
21480059@unknown@formal@none@1@S@On the week, UAL was down nearly 40%.@@@@1@8@@oe@2-2-2013
21480060@unknown@formal@none@1@S@The latest drop followed a decision by British Airways, which had supported the $300-a-share buy-out offer for UAL from a labor-management group, not to participate in any revised bid.@@@@1@29@@oe@2-2-2013
21480061@unknown@formal@none@1@S@British Airways fell 1 to 31 7/8.@@@@1@7@@oe@2-2-2013
21480062@unknown@formal@none@1@S@While most other airline issues took their cue from UAL, USAir Group rose 1 3/4 to 43 1/4 on 1.5 million shares amid speculation about a possible takeover proposal from investor Marvin Davis.@@@@1@33@@oe@2-2-2013
21480063@unknown@formal@none@1@S@USA Today reported that Mr. Davis, who had pursued UAL before dropping his bid Wednesday, has acquired a stake of about 3% in USAir.@@@@1@24@@oe@2-2-2013
21480064@unknown@formal@none@1@S@Unocal fell 1 1/2 to 52 1/4 and Burlington Resources declined 7/8 to 45 5/8.@@@@1@15@@oe@2-2-2013
21480065@unknown@formal@none@1@S@At a meeting with analysts, British Petroleum officials dispelled speculation that the company may take over a U.S. oil company, according to Dow Jones Professional Investor Report.@@@@1@27@@oe@2-2-2013
21480066@unknown@formal@none@1@S@Both Unocal and Burlington had been seen as potential targets for a British Petroleum bid.@@@@1@15@@oe@2-2-2013
21480067@unknown@formal@none@1@S@Paper and forest-products stocks declined after Smith Barney, Harris Upham & Co. lowered investment ratings on a number of issues in the two sectors, based on a forecast that pulp prices will fall sharply.@@@@1@34@@oe@2-2-2013
21480068@unknown@formal@none@1@S@International Paper dropped 5/8 to 51, Georgia-Pacific fell 1 3/4 to 56 1/4, Stone Container tumbled 1 1/2 to 26 5/8, Great Northern Nekoosa went down 5/8 to 38 3/8 and Weyerhaeuser lost 7/8 to 28 1/8.@@@@1@37@@oe@2-2-2013
21480069@unknown@formal@none@1@S@Dun & Bradstreet dropped 3/4 to 51 1/8 on 1.9 million shares on uncertainty about the company's earnings prospects.@@@@1@19@@oe@2-2-2013
21480070@unknown@formal@none@1@S@Merrill Lynch cut its rating and 1990 earnings estimate Thursday, citing weakness in its credit-rating business.@@@@1@16@@oe@2-2-2013
21480071@unknown@formal@none@1@S@Lamson & Sessions, which posted sharply lower third-quarter earnings and forecast that results for the fourth quarter might be "near break-even," fell 1/2 to 9 1/4.@@@@1@26@@oe@2-2-2013
21480072@unknown@formal@none@1@S@Winnebago Industries slid 5/8 to 5 1/4.@@@@1@7@@oe@2-2-2013
21480073@unknown@formal@none@1@S@The company, which reported that its loss for the fiscal quarter ended Aug. 26 widened from a year earlier, cut its semiannual dividend in half in response to the earnings weakness.@@@@1@31@@oe@2-2-2013
21480074@unknown@formal@none@1@S@MassMutual Corporate Investors fell 3 to 29 after declaring a quarterly dividend of 70 cents a share, down from 95 cents a share.@@@@1@23@@oe@2-2-2013
21481001@unknown@formal@none@1@S@Stoneridge Resources Inc. said it will begin an offering of rights equivalent to 2.6 million common shares and valued at $22,750,000.@@@@1@21@@oe@2-2-2013
21481002@unknown@formal@none@1@S@The Bloomfield Hills, Mich.-based real-estate holding company said it will offer the rights at $8.75 a share to shareholders of record on Oct. 26.@@@@1@24@@oe@2-2-2013
21481003@unknown@formal@none@1@S@The offering is scheduled to expire on Nov. 30.@@@@1@9@@oe@2-2-2013
21481004@unknown@formal@none@1@S@The company said it will use the proceeds of the offering for debt reduction and general corporate purposes, including acquisitions.@@@@1@20@@oe@2-2-2013
21481005@unknown@formal@none@1@S@Stockholders may buy one share at the subscription price for every four shares of stock they own.@@@@1@17@@oe@2-2-2013
21481006@unknown@formal@none@1@S@Stockholders who exercise all their rights may buy additional shares, the company said.@@@@1@13@@oe@2-2-2013
21481007@unknown@formal@none@1@S@The company said it has an option to increase the offering by up to 350,000 shares.@@@@1@16@@oe@2-2-2013
21482001@unknown@formal@none@1@S@The following U.S. Treasury, corporate and municipal offerings are tentatively scheduled for sale this week, according to Dow Jones Capital Markets Report: $15.6 billion three-month and six-month bills.@@@@1@28@@oe@2-2-2013
21482002@unknown@formal@none@1@S@$10 billion of two-year notes.@@@@1@5@@oe@2-2-2013
21482003@unknown@formal@none@1@S@Resolution Funding Corp. to sell $4.5 billion 30-year bonds.@@@@1@9@@oe@2-2-2013
21482004@unknown@formal@none@1@S@Aim Prime Rate Plus Fund Inc. -- 10 million common shares, via PaineWebber Inc.@@@@1@14@@oe@2-2-2013
21482005@unknown@formal@none@1@S@Allied Capital Corp. II -- 6,500,000 common shares, via Shearson Lehman Hutton Inc.@@@@1@13@@oe@2-2-2013
21482006@unknown@formal@none@1@S@American Cyanamid Co. -- 1,250,000 common shares, via Merrill Lynch Capital Markets.@@@@1@12@@oe@2-2-2013
21482007@unknown@formal@none@1@S@Associated Natural Gas Corp. -- 1,400,000 common shares, via Dillon Read & Co.@@@@1@13@@oe@2-2-2013
21482008@unknown@formal@none@1@S@B & H Crude Carriers Ltd. -- Four million common shares, via Salomon Brothers Inc.@@@@1@15@@oe@2-2-2013
21482009@unknown@formal@none@1@S@Baldwin Technology Co. -- 2,600,000 Class A shares, via Smith Barney, Harris Upham & Co.@@@@1@15@@oe@2-2-2013
21482010@unknown@formal@none@1@S@Blockbuster Entertainment Corp. -- $250 million (face amount) Liquid Yield Option Notes, via Merrill Lynch.@@@@1@15@@oe@2-2-2013
21482011@unknown@formal@none@1@S@Chemex Pharmaceuticals Inc. -- 1,200,000 units, via PaineWebber.@@@@1@8@@oe@2-2-2013
21482012@unknown@formal@none@1@S@Immune Response Corp. -- Three million common shares, via Merrill Lynch.@@@@1@11@@oe@2-2-2013
21482013@unknown@formal@none@1@S@Marsam Pharmaceuticals Inc. -- 1,300,000 common shares, via Smith Barney, Harris Upham.@@@@1@12@@oe@2-2-2013
21482014@unknown@formal@none@1@S@RMI Titanium Co. -- 15 million common shares, via Salomon Brothers Inc.@@@@1@12@@oe@2-2-2013
21482015@unknown@formal@none@1@S@Tidewater Inc. -- 4,631,400 common shares, via Salomon Brothers Inc.@@@@1@10@@oe@2-2-2013
21482016@unknown@formal@none@1@S@Massachusetts -- Approximately $230 million of general bonds, consolidated loan of 1989, Series D, via competitive bid.@@@@1@17@@oe@2-2-2013
21482017@unknown@formal@none@1@S@Montgomery County, Maryland -- $75 million of general consolidated public improvement bonds of 1989, Series B, via competitive bid.@@@@1@19@@oe@2-2-2013
21482018@unknown@formal@none@1@S@Trinity River Authority, Texas -- $134,750,000 of regional wastewater system improvement revenue bonds, Series 1989, via competitive bid.@@@@1@18@@oe@2-2-2013
21482019@unknown@formal@none@1@S@City and County of Honolulu, Hawaii -- $75 million of obligation bonds, 1989 Series B, due 1993-2009, via competitive bid.@@@@1@20@@oe@2-2-2013
21482020@unknown@formal@none@1@S@Beverly Hills -- $110 million of civic center project certificates of participation, Series 1989, via a Goldman, Sachs & Co. group.@@@@1@21@@oe@2-2-2013
21482021@unknown@formal@none@1@S@Broward County School District, Florida -- $185 million of school district general bonds, via a First Boston Corp. group.@@@@1@19@@oe@2-2-2013
21482022@unknown@formal@none@1@S@Connecticut Housing Finance Authority -- $132,620,000 of housing mortgage revenue (AMT and non-AMT) bonds, via a PaineWebber group.@@@@1@18@@oe@2-2-2013
21482023@unknown@formal@none@1@S@Maryland Stadium Authority -- $137,550,000 of sports facilities lease revenue Alternative Minimum Tax (AMT) bonds, Series 1989 D, via a Morgan Stanley & Co. group.@@@@1@25@@oe@2-2-2013
21482024@unknown@formal@none@1@S@Michigan -- $80 million of Michigan First general bonds, including $70 million of environmental protection project bonds and $10 million of recreation project bonds, via a Shearson Lehman Hutton group.@@@@1@30@@oe@2-2-2013
21482025@unknown@formal@none@1@S@West Virginia Parkways Economic Development and Tourism Authority -- $143 million of parkway revenue bonds, Series 1989, via a PaineWebber group.@@@@1@21@@oe@2-2-2013
21482026@unknown@formal@none@1@S@San Antonio, Texas -- $640 million of gas and electric revenue refunding bonds, via a First Boston group.@@@@1@18@@oe@2-2-2013
21483001@unknown@formal@none@1@S@MCI COMMUNICATIONS Corp. said it filed a shelf registration with the Securities and Exchange Commission for issuance of as much as $750 million of debt securities.@@@@1@26@@oe@2-2-2013
21483002@unknown@formal@none@1@S@The debt will include medium-term notes sold through Merrill Lynch Capital Markets; Drexel Burnham Lambert Inc.; Goldman, Sachs & Co. and Salomon Brothers Inc.@@@@1@24@@oe@2-2-2013
21483003@unknown@formal@none@1@S@The funds will be used for refinancing existing debt of the Washington, D.C., concern at lower interest rates and for other general purposes.@@@@1@23@@oe@2-2-2013
21483004@unknown@formal@none@1@S@The effective date of the registration is to be determined by the SEC.@@@@1@13@@oe@2-2-2013
21484001@unknown@formal@none@1@S@A group including ESL Partners Ltd., a Fort Worth, Texas, investment partnership, and Richard E. Rainwater, a former adviser to the Fort Worth Bass family, said it reduced its stake in Anacomp Inc. to 3.6% of the common shares outstanding.@@@@1@40@@oe@2-2-2013
21484002@unknown@formal@none@1@S@In a filing with the Securities and Exchange Commission, the group said it sold 1,325,900 Anacomp common shares from Aug. 31 to last Wednesday for $4.48 to $5.84 a share, resulting in a drop in its holdings to 1,351,662 shares.@@@@1@40@@oe@2-2-2013
21484003@unknown@formal@none@1@S@No reason was given in the filing for the sales.@@@@1@10@@oe@2-2-2013
21484004@unknown@formal@none@1@S@An Anacomp official said the Indianapolis computer-services concern had no comment on the group's share sales.@@@@1@16@@oe@2-2-2013
21484005@unknown@formal@none@1@S@In March, the group disclosed it held a 7.2% stake in Anacomp for investment purposes.@@@@1@15@@oe@2-2-2013
21484006@unknown@formal@none@1@S@It said then it had had and would continue to have discussions with Anacomp's management concerning its investment.@@@@1@18@@oe@2-2-2013
21485001@unknown@formal@none@1@S@Home Beneficial Corp., Richmond, Va., said it contracted to sell its 50% interest in a Richmond-area shopping mall to a buyer that wasn't identified.@@@@1@24@@oe@2-2-2013
21485002@unknown@formal@none@1@S@The life-insurance holding company said the sale would result in an after-tax gain of about $32 million, or $3.09 a share, in the first quarter of@@@@1@26@@oe@2-2-2013
21485003@unknown@formal@none@1@S@The company also said it will adopt new accounting standards in the first quarter.@@@@1@14@@oe@2-2-2013
21485004@unknown@formal@none@1@S@The change will result in a charge of about $8.5 million, or 82 cents a share, because of an increase in deferred income-tax liability.@@@@1@24@@oe@2-2-2013
21485005@unknown@formal@none@1@S@In the first quarter of 1988, the company earned $10 million, or 94 cents a share.@@@@1@16@@oe@2-2-2013
21486001@unknown@formal@none@1@S@Following is a weekly listing of unadited net asset values of publicly traded investment fund shares, reported by the companies as of Friday's close.@@@@1@24@@oe@2-2-2013
21486002@unknown@formal@none@1@S@Also shown is the closing listed market price or a dealer-to-dealer asked price of each fund's shares, with the percentage of difference.@@@@1@22@@oe@2-2-2013
21486003@unknown@formal@none@1@S@Closed End Bond Funds@@@@1@4@@oe@2-2-2013
21486004@unknown@formal@none@1@S@Flexible Portfolio Funds@@@@1@3@@oe@2-2-2013
21486005@unknown@formal@none@1@S@Specialized Equity and Convertible Funds@@@@1@5@@oe@2-2-2013
21486006@unknown@formal@none@1@S@a-Ex-dividend.@@@@1@1@@oe@2-2-2013
21486007@unknown@formal@none@1@S@b-As of Thursday's close.@@@@1@4@@oe@2-2-2013
21486008@unknown@formal@none@1@S@c-Translated at Commercial Rand exchange rate.@@@@1@6@@oe@2-2-2013
21486009@unknown@formal@none@1@S@e-In Canadian dollars.@@@@1@3@@oe@2-2-2013
21486010@unknown@formal@none@1@S@f-As of Wednesday's close.@@@@1@4@@oe@2-2-2013
21487001@unknown@formal@none@1@S@A shareholder filed suit, seeking to block Unitel Video Inc.'s proposed plan to be acquired by a new affiliate of closely held Kenmare Capital Corp. for $15 a share, or $33.6 million.@@@@1@32@@oe@2-2-2013
21487002@unknown@formal@none@1@S@The suit, which seeks class-action status, was filed in Delaware Chancery Court.@@@@1@12@@oe@2-2-2013
21487003@unknown@formal@none@1@S@The complaint alleges that the price is "unfair and grossly inadequate" and that the defendants are seeking to ensure a "lockup" of the purchase of Unitel, thereby discouraging other bids.@@@@1@30@@oe@2-2-2013
21487004@unknown@formal@none@1@S@It seeks unspecified money damages.@@@@1@5@@oe@2-2-2013
21487005@unknown@formal@none@1@S@The New York company called the lawsuit without merit.@@@@1@9@@oe@2-2-2013
21487006@unknown@formal@none@1@S@Shareholders are scheduled to vote on the transaction Nov.@@@@1@9@@oe@2-2-2013
21488001@unknown@formal@none@1@S@This Toronto closed-end fund cut the annual dividend on its Class A common shares to one Canadian cent from 10 Canadian cents.@@@@1@22@@oe@2-2-2013
21488002@unknown@formal@none@1@S@The fund invests mainly in gold and silver bullion.@@@@1@9@@oe@2-2-2013
21488003@unknown@formal@none@1@S@It said the reduced dividend reflects the low price for precious metals.@@@@1@12@@oe@2-2-2013
21488004@unknown@formal@none@1@S@Greg Davies, Central Fund's vice president, finance, said losses for the fiscal year ending Oct. 31 could be as high as one million Canadian dollars (US$852,000).@@@@1@26@@oe@2-2-2013
21488005@unknown@formal@none@1@S@The fund last had a profit in 1985.@@@@1@8@@oe@2-2-2013
21488006@unknown@formal@none@1@S@The new dividend rate is payable Nov. 15 to holders of record Oct. 31.@@@@1@14@@oe@2-2-2013
21488007@unknown@formal@none@1@S@In American Stock Exchange composite trading Friday, Central Fund was unchanged at $4.6875 a share.@@@@1@15@@oe@2-2-2013
21489001@unknown@formal@none@1@S@Comair Holdings Inc. said in Cincinnati that it bought Airline Aviation Academy, a pilot training school based at Sanford Regional Airport near Orlando, Fla.@@@@1@24@@oe@2-2-2013
21489002@unknown@formal@none@1@S@Comair said it paid cash but declined to disclose the price.@@@@1@11@@oe@2-2-2013
21489003@unknown@formal@none@1@S@Comair Holdings is the parent of Comair Inc., a regional air carrier.@@@@1@12@@oe@2-2-2013
21489004@unknown@formal@none@1@S@Airline Aviation, which has annual revenue of $5 million to $6 million, has great growth potential because of the large number of U.S. pilots nearing retirement age, Comair said.@@@@1@29@@oe@2-2-2013
21489005@unknown@formal@none@1@S@The unit will be renamed Comair Aviation Academy and will continue to be headed by Scott Williams, a son of its founder, Comair said.@@@@1@24@@oe@2-2-2013
21490001@unknown@formal@none@1@S@The collapse of a $6.79 billion buy-out of United Airlines parent UAL Corp. has handed Wall Street's takeover stock speculators their worst loss ever on a single deal.@@@@1@28@@oe@2-2-2013
21490002@unknown@formal@none@1@S@Their $700 million-plus in estimated paper losses easily tops the $400 million in paper losses the takeover traders, known as arbitragers, suffered in 1982 when Gulf Oil Co. dropped a $4.8 billion offer for Cities Service Co.@@@@1@37@@oe@2-2-2013
21490003@unknown@formal@none@1@S@In the six trading days since the UAL labor-management buy-out group failed to get bank financing, culminating Friday with the withdrawal of its partner British Airways PLC, UAL stock has plummeted by 41% to 168 1/2 from 285 1/4.@@@@1@39@@oe@2-2-2013
21490004@unknown@formal@none@1@S@The arbs may recoup some of their paper losses if the UAL deal gets patched up again, as they did in 1982 when Occidental Petroleum Co. rescued them with a $4 billion takeover of Cities Service.@@@@1@36@@oe@2-2-2013
21490005@unknown@formal@none@1@S@In the meantime, the question faced by investors is: What is UAL stock worth?@@@@1@14@@oe@2-2-2013
21490006@unknown@formal@none@1@S@The short answer, on a fundamental basis, is that airline analysts say the stock is worth somewhere between $135 and $150 a share.@@@@1@23@@oe@2-2-2013
21490007@unknown@formal@none@1@S@That's based on a multiple of anywhere between 8.5 to 10 times UAL earnings, which are estimated to come in somewhere around $16 a share this year.@@@@1@27@@oe@2-2-2013
21490008@unknown@formal@none@1@S@Airline stocks typically sell at a discount of about one-third to the stock market's price-earnings ratio -- which is currently about 13 times earnings.@@@@1@24@@oe@2-2-2013
21490009@unknown@formal@none@1@S@That's because airline earnings, like those of auto makers, have been subject to the cyclical ups-and-downs of the economy.@@@@1@19@@oe@2-2-2013
21490010@unknown@formal@none@1@S@That analysis matches up with stock traders' reports that, despite the huge drop in the stock, UAL hasn't returned to the level at which it could attract buying by institutions solely on the basis of earnings.@@@@1@36@@oe@2-2-2013
21490011@unknown@formal@none@1@S@So anyone buying the stock now is betting on some special transaction such as a recapitalization or takeover, and must do so using some guesswork about the likelihood of such an event.@@@@1@32@@oe@2-2-2013
21490012@unknown@formal@none@1@S@One analyst, who asked not to be identified, said he believes that the UAL pilots and management can put together a bid "in the $225 area," but that it could take three to four months to close.@@@@1@37@@oe@2-2-2013
21490013@unknown@formal@none@1@S@At that level, and given the uncertainty, he believes UAL stock should trade closer to@@@@1@15@@oe@2-2-2013
21490014@unknown@formal@none@1@S@Other observers note that UAL's board, having accepted a bid of $300 a share, might hold out for a new bid much closer to the original level -- even if it means that the management goes back to running the company for a while and lets things return to normal.@@@@1@50@@oe@2-2-2013
21490015@unknown@formal@none@1@S@By that logic, the closing of a deal could be much further away than three to four months, even though the eventual price might be higher.@@@@1@26@@oe@2-2-2013
21490016@unknown@formal@none@1@S@Investment bankers following UAL agree that the strongest impetus for an eventual deal is that the pilots have been attempting a buy-out for more than two years, and aren't likely to stop, having come so close to success.@@@@1@38@@oe@2-2-2013
21490017@unknown@formal@none@1@S@The pilots have a strong financing tool in their willingness to cut their annual compensation by $200 million, and to commit $200 million from their retirement funds.@@@@1@27@@oe@2-2-2013
21490018@unknown@formal@none@1@S@On Friday, they also persuaded the UAL flight attendants to join them.@@@@1@12@@oe@2-2-2013
21490019@unknown@formal@none@1@S@However, investment bankers say that banks aren't likely to lend the almost $5 billion that would be necessary for a takeover even at a lower price without someone putting up a hefty wad of cash -- probably even greater than the 17% in cash put up by investors in the leveraged takeover of Northwest Airlines parent NWA Corp. in July.@@@@1@60@@oe@2-2-2013
21490020@unknown@formal@none@1@S@Banks want to see someone putting up real cash at risk, that is, subordinate to the bank debt in any deal.@@@@1@21@@oe@2-2-2013
21490021@unknown@formal@none@1@S@That way, they figure, someone else has an even stronger motivation to make sure the deal is going to work, because they would be losing their money before the banks lost theirs.@@@@1@32@@oe@2-2-2013
21490022@unknown@formal@none@1@S@Banks also want to be able to call someone on the telephone to fix a problem with a deal that goes bad -- preferably someone other than a union leader.@@@@1@30@@oe@2-2-2013
21490023@unknown@formal@none@1@S@That leaves the pilots still in need of cash totaling around $1 billion -- far more than either they or the flight attendants can lay their hands on from retirement funds alone.@@@@1@32@@oe@2-2-2013
21490024@unknown@formal@none@1@S@One obstacle to the pilots' finding such a huge amount of cash is their insistence on majority ownership.@@@@1@18@@oe@2-2-2013
21490025@unknown@formal@none@1@S@Investors such as Marvin Davis of Los Angeles who have sought airline ownership this year have insisted they, not the pilots, must have control.@@@@1@24@@oe@2-2-2013
21490026@unknown@formal@none@1@S@One way out of that dilemma could be a partial recapitalization in which the pilots would wind up sharing the value of their concessions with public shareholders.@@@@1@27@@oe@2-2-2013
21490027@unknown@formal@none@1@S@The pilots could borrow against the value of their concessions, using the proceeds to buy back stock from the public and give themselves the majority control they have been seeking.@@@@1@30@@oe@2-2-2013
21490028@unknown@formal@none@1@S@But it isn't clear that banks would lend sufficient money to deliver a big enough price to shareholders.@@@@1@18@@oe@2-2-2013
21490029@unknown@formal@none@1@S@The lack of any new cash probably would still leave the banks dissatisfied.@@@@1@13@@oe@2-2-2013
21490030@unknown@formal@none@1@S@In advising the UAL board on the various bids for the airline, starting with one for $240 a share from Mr. Davis, the investment bank of First Boston came up with a wide range of potential values for the company, depending on appraisal methods and assumptions.@@@@1@46@@oe@2-2-2013
21490031@unknown@formal@none@1@S@Using the the NWA takeover as a benchmark, First Boston on Sept. 14 estimated that UAL was worth $250 to $344 a share based on UAL's results for the 12 months ending last June 30, but only $235 to $266 based on a management estimate of results for 1989.@@@@1@49@@oe@2-2-2013
21490032@unknown@formal@none@1@S@First Boston's estimates had been higher before management supplied a 1989 projection.@@@@1@12@@oe@2-2-2013
21490033@unknown@formal@none@1@S@Using estimates of the company's future earnings under a variety of scenarios, First Boston estimated UAL's value at $248 to $287 a share if its future labor costs conform to Wall Street projections; $237 to $275 if the company reaches a settlement with pilots similar to one at NWA; $98 to $121 under an adverse labor settlement, and $229 to $270 under a pilot contract imposed by the company following a strike.@@@@1@72@@oe@2-2-2013
21490034@unknown@formal@none@1@S@And using liquidation value assuming the sale of all UAL assets, First Boston estimated the airline is worth $253 to $303 a share.@@@@1@23@@oe@2-2-2013
21490035@unknown@formal@none@1@S@Unfortunately, all those estimates came before airline industry fundamentals deteriorated during the past month.@@@@1@14@@oe@2-2-2013
21490036@unknown@formal@none@1@S@American Airlines parent AMR and USAir Group, both subject to takeover efforts themselves, have each warned of declining results.@@@@1@19@@oe@2-2-2013
21490037@unknown@formal@none@1@S@Some analysts don't expect a quick revival of any takeover by the pilots.@@@@1@13@@oe@2-2-2013
21490038@unknown@formal@none@1@S@The deal has, as one takeover expert puts it, "so many moving parts.@@@@1@13@@oe@2-2-2013
21490039@unknown@formal@none@1@S@I don't see anybody who's sophisticated getting his name associated with this mess until the moving parts stop moving."@@@@1@19@@oe@2-2-2013
21490040@unknown@formal@none@1@S@In addition to the need for another cash equity investor, the other moving parts include: the pilots themselves, who can scuttle rival deals by threatening to strike; the machinists union, the pilots' longtime rivals who helped scuttle the pilots' deal; and regulators in Washington, whose opposition to foreign airline investment helped throw the deal into doubt.@@@@1@56@@oe@2-2-2013
21490041@unknown@formal@none@1@S@In the meantime, the arbs are bleeding.@@@@1@7@@oe@2-2-2013
21490042@unknown@formal@none@1@S@Wall Street traders and analysts estimate that takeover stock traders own UAL stock and options equal to as many as 6.5 million shares, or about 30% of the total outstanding.@@@@1@30@@oe@2-2-2013
21490043@unknown@formal@none@1@S@Frank Gallagher, an analyst with Phoenix Capital Corp. in New York, estimates that the arbs paid an average of about $280 a share for their UAL positions.@@@@1@27@@oe@2-2-2013
21490044@unknown@formal@none@1@S@That would indicate that the arbs have paper losses on UAL alone totalling $725 million.@@@@1@15@@oe@2-2-2013
21490045@unknown@formal@none@1@S@UAL Corp. (NYSE; Symbol: UAL)@@@@1@5@@oe@2-2-2013
21490046@unknown@formal@none@1@S@Business: Airline@@@@1@2@@oe@2-2-2013
21490047@unknown@formal@none@1@S@Year ended Dec. 31, 1988:@@@@1@5@@oe@2-2-2013
21490048@unknown@formal@none@1@S@Sales: $8.98 billion@@@@1@3@@oe@2-2-2013
21490049@unknown@formal@none@1@S@Net income*: $599.9 million; or $20.20 a share@@@@1@8@@oe@2-2-2013
21490050@unknown@formal@none@1@S@Second quarter, June 30, 1989: Per-share earnings: $6.52 vs. $5.77@@@@1@10@@oe@2-2-2013
21490051@unknown@formal@none@1@S@Average daily trading volume: 881,969 shares@@@@1@6@@oe@2-2-2013
21490052@unknown@formal@none@1@S@Common shares outstanding: 21.6 million@@@@1@5@@oe@2-2-2013
21491001@unknown@formal@none@1@S@Eastern Enterprises, bolstered by improved tonnages in its marine-shipping unit, had a narrower third-quarter net loss of $1.1 million, or five cents a share.@@@@1@24@@oe@2-2-2013
21491002@unknown@formal@none@1@S@Last year, Eastern had a quarter loss of $1.7 million, or eight cents a share.@@@@1@15@@oe@2-2-2013
21491003@unknown@formal@none@1@S@Quarter revenue rose 44% to $160.1 million from $111.2 million a year ago.@@@@1@13@@oe@2-2-2013
21491004@unknown@formal@none@1@S@The Weston, Mass., utilities and marine-transport concern said results for the third quarter, usually a money-losing one because of the seasonality of the gas business, were also aided by higher gas sales and the May 1989 acquisition of Water Products Company.@@@@1@41@@oe@2-2-2013
21491005@unknown@formal@none@1@S@For the nine months, Eastern had net income of $41.8 million, or $1.80 a share, up 23% from $33.9 million or $1.46 a share a year ago.@@@@1@27@@oe@2-2-2013
21491006@unknown@formal@none@1@S@Revenue grew 24% to $614.5 million from $497.1 million.@@@@1@9@@oe@2-2-2013
21492001@unknown@formal@none@1@S@Convex Computer Corp., continuing its rapid growth while other computer companies falter, reported an 87% increase in third-quarter net income from a year earlier and a 50% increase in revenue.@@@@1@30@@oe@2-2-2013
21492002@unknown@formal@none@1@S@Net was $3.1 million, or 16 cents a share, up from $1.6 million, or nine cents a share.@@@@1@18@@oe@2-2-2013
21492003@unknown@formal@none@1@S@Revenue was $41.2 million, up from $27.5 million.@@@@1@8@@oe@2-2-2013
21492004@unknown@formal@none@1@S@For the nine months, net was $7.7 million, or 41 cents a share, up 97% from $3.9 million, or 22 cents a share, a year earlier.@@@@1@26@@oe@2-2-2013
21492005@unknown@formal@none@1@S@Revenue was $111.9 million, up 50% from $74.8 million.@@@@1@9@@oe@2-2-2013
21492006@unknown@formal@none@1@S@Convex makes supercomputers that sell for up to $2 million and has an installed base of more than 550 systems and 340 customers world-wide.@@@@1@24@@oe@2-2-2013
21492007@unknown@formal@none@1@S@During the third quarter, it said, it won several significant contracts, including a five-year contract with the National Institutes of Health valued at an estimated $8 million.@@@@1@27@@oe@2-2-2013
21492008@unknown@formal@none@1@S@Earlier this month, Convex made a bid to outflank other supercomputer competitors like Digital Equipment Corp. and International Business Machines Corp. by adopting an open set of standards and introducing new hardware and software to link different systems.@@@@1@38@@oe@2-2-2013
21492009@unknown@formal@none@1@S@The new products allow customers to add Convex machines to established systems made by other manufacturers, which "opens up a phenomenal market for us," said Robert J. Paluck, Convex's chairman, president and chief executive.@@@@1@34@@oe@2-2-2013
21492010@unknown@formal@none@1@S@Convex also recently agreed to use Posix, a standard for the computer language called UNIX.@@@@1@15@@oe@2-2-2013
21492011@unknown@formal@none@1@S@Posix is one of three or four versions of UNIX, but it is increasingly required by the federal government as it tries to standardize its computer systems.@@@@1@27@@oe@2-2-2013
21492012@unknown@formal@none@1@S@Most other supercomputer manufacturers have yet to adopt the Posix standard, Mr. Paluck said, adding that they prefer to maintain proprietary systems that lock in customers.@@@@1@26@@oe@2-2-2013
21492013@unknown@formal@none@1@S@"They want a lobster trap -- once you get in, you can't get out," he said.@@@@1@16@@oe@2-2-2013
21492014@unknown@formal@none@1@S@"But the customer doesn't want that."@@@@1@6@@oe@2-2-2013
21492015@unknown@formal@none@1@S@Convex closed in over-the-counter trading on Friday at $15.375 a share, down 12.5 cents.@@@@1@14@@oe@2-2-2013
21493001@unknown@formal@none@1@S@Troubled Saatchi & Saatchi Co. has attracted offers for some of its advertising units, with potential suitors including Interpublic Group, but has rejected them, people familiar with the company said.@@@@1@30@@oe@2-2-2013
21493002@unknown@formal@none@1@S@Industry executives said Interpublic approached Saatchi in August about buying its Campbell-Mithun-Esty unit, but was turned down by Chairman Maurice Saatchi.@@@@1@21@@oe@2-2-2013
21493003@unknown@formal@none@1@S@More recently, Interpublic inquired about one of Saatchi's smaller communications companies -- identified as the Rowland public relations firm by several industry executives -- but again was rebuffed, they said.@@@@1@30@@oe@2-2-2013
21493004@unknown@formal@none@1@S@Interpublic's chairman and chief executive officer, Philip Geier Jr., made the pitches in visits to Mr. Saatchi in London, the executives said.@@@@1@22@@oe@2-2-2013
21493005@unknown@formal@none@1@S@A Saatchi spokesman declined to comment about Interpublic.@@@@1@8@@oe@2-2-2013
21493006@unknown@formal@none@1@S@But the spokesman confirmed that Saatchi has received several inquiries from companies interested in acquiring its Campbell-Mithun and Rowland units.@@@@1@20@@oe@2-2-2013
21493007@unknown@formal@none@1@S@He added, "We have no intention of selling either business."@@@@1@10@@oe@2-2-2013
21493008@unknown@formal@none@1@S@Interpublic declined comment.@@@@1@3@@oe@2-2-2013
21493009@unknown@formal@none@1@S@The offers come as Saatchi is struggling through the most troubled period in its 19-year history.@@@@1@16@@oe@2-2-2013
21493010@unknown@formal@none@1@S@Takeover speculation has been rife, its consulting business is on the block, and its largest shareholder, Southeastern Asset Management, has said it's been approached by third parties regarding a possible restructuring.@@@@1@31@@oe@2-2-2013
21493011@unknown@formal@none@1@S@Analysts have continually lowered their earnings estimates for the company, and their outlook, at least for the short term, is bleak.@@@@1@21@@oe@2-2-2013
21493012@unknown@formal@none@1@S@In the midst of the current turmoil, Saatchi is attempting to shore up its ad businesses.@@@@1@16@@oe@2-2-2013
21493013@unknown@formal@none@1@S@It named a new chief executive officer, former IMS International head Robert Louis-Dreyfus.@@@@1@13@@oe@2-2-2013
21493014@unknown@formal@none@1@S@It rebuffed an offer by Carl Spielvogel, head of Saatchi's Backer Spielvogel Bates unit, to lead a management buy-out of all or part of Saatchi.@@@@1@25@@oe@2-2-2013
21493015@unknown@formal@none@1@S@And last week, people close to Saatchi said Maurice Saatchi and his brother, Charles, would lead a buy-out if a hostile bid emerged.@@@@1@23@@oe@2-2-2013
21493016@unknown@formal@none@1@S@But Saatchi's troubles have only whipped up interest among outsiders interested in picking off pieces of its ad businesses.@@@@1@19@@oe@2-2-2013
21493017@unknown@formal@none@1@S@While Saatchi's major agency networks -- Backer Spielvogel and Saatchi & Saatchi Advertising -- would be difficult for any ad firm to buy because of potential client conflicts, its smaller businesses are quite attractive.@@@@1@34@@oe@2-2-2013
21493018@unknown@formal@none@1@S@Campbell-Mithun-Esty, for example, has had big problems at its New York office, but offers strong offices in other areas of the country, including Minneapolis and Chicago.@@@@1@26@@oe@2-2-2013
21493019@unknown@formal@none@1@S@That would would make it appealing to a network such as Interpublic that already has a healthy New York presence.@@@@1@20@@oe@2-2-2013
21493020@unknown@formal@none@1@S@(While there would be some client conflicts, they wouldn't be nearly as onerous as with Saatchi's other agencies.)@@@@1@18@@oe@2-2-2013
21493021@unknown@formal@none@1@S@Campbell-Mithun also would be a sizable addition to an agency network: It has billings of about $850 million and blue-chip clients including General Mills, Jeep/Eagle and Dow Brands.@@@@1@28@@oe@2-2-2013
21493022@unknown@formal@none@1@S@Rowland, meanwhile, has expanded aggressively, and now ranks as the fifth-largest U.S. public relations firm, according to O'Dwyer's Directory of Public Relations Firms.@@@@1@23@@oe@2-2-2013
21493023@unknown@formal@none@1@S@It would be attractive to an agency such as Interpublic, one of the few big agency groups without an affiliated public relations firm of its own.@@@@1@26@@oe@2-2-2013
21493024@unknown@formal@none@1@S@Other Saatchi units include ad agency McCaffrey & McCall, which has the Mercedes account and which has been attempting to buy itself back; and Howard Marlboro, a sports and event marketing firm.@@@@1@32@@oe@2-2-2013
21493025@unknown@formal@none@1@S@Despite Saatchi's firm stand against selling its ad units, U.S. analysts believe the company may ultimately sell some of the smaller units.@@@@1@22@@oe@2-2-2013
21493026@unknown@formal@none@1@S@Mr. Louis-Dreyfus, in a recent interview, said he might sell "a marginal agency or office."@@@@1@15@@oe@2-2-2013
21493027@unknown@formal@none@1@S@Analysts believe he may ultimately dispose of some of the non-advertising businesses.@@@@1@12@@oe@2-2-2013
21493028@unknown@formal@none@1@S@Prudential's Final Four@@@@1@3@@oe@2-2-2013
21493029@unknown@formal@none@1@S@Prudential Insurance Co. of America said it selected four agencies to pitch its $60 million to $70 million account.@@@@1@19@@oe@2-2-2013
21493030@unknown@formal@none@1@S@In addition to Backer Spielvogel Bates, a Saatchi unit that has handled the account since 1970, the other agencies include Lowe Marschalk, a unit of the Lowe Group; Grey Advertising; and WPP Group's Scali, McCabe, Sloves agency.@@@@1@37@@oe@2-2-2013
21493031@unknown@formal@none@1@S@All agencies are New York-based.@@@@1@5@@oe@2-2-2013
21493032@unknown@formal@none@1@S@A spokesman for the insurance and financial services firm, based in Newark, N.J., said it hopes to make a decision within three to four months.@@@@1@25@@oe@2-2-2013
21493033@unknown@formal@none@1@S@Jamaica Fires Back@@@@1@3@@oe@2-2-2013
21493034@unknown@formal@none@1@S@The Jamaica Tourist Board, in the wake of Young & Rubicam's indictment on charges that it bribed Jamaican officials to win the account in 1981, released a scathing memo blaming the agency for the embarrassing incident.@@@@1@36@@oe@2-2-2013
21493035@unknown@formal@none@1@S@The memo attempts to remove the tourist board as far as possible from the agency, which pleaded innocent to the charges.@@@@1@21@@oe@2-2-2013
21493036@unknown@formal@none@1@S@Among other things, the memo contends that Young & Rubicam gave false assurances that the investigation wouldn't uncover any information that would "embarrass the government of Jamaica or the Jamaica Tourist Board."@@@@1@32@@oe@2-2-2013
21493037@unknown@formal@none@1@S@It also contends that Young & Rubicam never told the tourist board about its relationship with Ad Ventures, a Jamaican firm hired by the agency.@@@@1@25@@oe@2-2-2013
21493038@unknown@formal@none@1@S@The U.S. indictment charges Ad Ventures was a front used to funnel kickbacks to the then-minister of tourism.@@@@1@18@@oe@2-2-2013
21493039@unknown@formal@none@1@S@The memo also chastises the agency for the timing of its announcement Thursday that it would no longer handle the $5 million to $6 million account.@@@@1@26@@oe@2-2-2013
21493040@unknown@formal@none@1@S@The agency declined comment, but said it will continue work until a new agency is chosen.@@@@1@16@@oe@2-2-2013
21493041@unknown@formal@none@1@S@Ad Notes. . . .@@@@1@5@@oe@2-2-2013
21493042@unknown@formal@none@1@S@NEW ACCOUNT@@@@1@2@@oe@2-2-2013
21493043@unknown@formal@none@1@S@: American Suzuki Motor Corp., Brea, Calif., awarded its estimated $10 million to $30 million account to Asher/Gould, Los Angeles.@@@@1@20@@oe@2-2-2013
21493044@unknown@formal@none@1@S@Also participating in the finals was Los Angeles agency Hakuhodo Advertising America.@@@@1@12@@oe@2-2-2013
21493045@unknown@formal@none@1@S@American Suzuki's previous agency, Keye/Donna/Pearlstein, didn't participate.@@@@1@7@@oe@2-2-2013
21493046@unknown@formal@none@1@S@AYER TALKS:@@@@1@2@@oe@2-2-2013
21493047@unknown@formal@none@1@S@N W Ayer's president and chief executive officer, Jerry J. Siano, said the agency is holding "conversations" about acquiring Zwiren Collins Karo & Trusk, a midsized Chicago agency, but a deal isn't yet close to being completed.@@@@1@37@@oe@2-2-2013
21493048@unknown@formal@none@1@S@WHO'S NEWS:@@@@1@2@@oe@2-2-2013
21493049@unknown@formal@none@1@S@John Wells, 47, former president and chief executive of N W Ayer's Chicago office, was named management director and director of account services at WPP Group's J. Walter Thompson agency in Chicago. . . .@@@@1@35@@oe@2-2-2013
21493050@unknown@formal@none@1@S@Shelly Lazarus, 42, was named president and chief operating officer of Ogilvy & Mather Direct, the direct mail division of WPP Group's Ogilvy & Mather agency.@@@@1@26@@oe@2-2-2013
21494001@unknown@formal@none@1@S@Grand Metropolitan PLC, the United Kingdom food and beverage group that owns Pillsbury Inc. of the U.S., announced a reshuffling of board-level executive duties intended to fit the company's recent expansion.@@@@1@31@@oe@2-2-2013
21494002@unknown@formal@none@1@S@David Nash, formerly group finance director at Cadbury Schweppes PLC, will become Grand Met's first group finance director in January.@@@@1@20@@oe@2-2-2013
21494003@unknown@formal@none@1@S@In a statement, Grand Met said its recent "growth and wider geographic spread" made it necessary to create the new position.@@@@1@21@@oe@2-2-2013
21494004@unknown@formal@none@1@S@The company also reassigned several executive responsibilities.@@@@1@7@@oe@2-2-2013
21494005@unknown@formal@none@1@S@David Tagg, formerly in charge of gambling operations, was appointed chief executive for retailing and property.@@@@1@16@@oe@2-2-2013
21494006@unknown@formal@none@1@S@Peter Cawdron, group strategy development director, and Bill Shardlow, group personnel director, will become part of the board's management committee.@@@@1@20@@oe@2-2-2013
21495001@unknown@formal@none@1@S@David Baltimore, who has just been named president of Rockefeller University, already knows what it's like to go through life with "Nobel laureate" appended to one's name.@@@@1@27@@oe@2-2-2013
21495002@unknown@formal@none@1@S@He is currently experiencing what it's like to have the phrase, "under investigation for scientific fraud," also attached to his name.@@@@1@21@@oe@2-2-2013
21495003@unknown@formal@none@1@S@The Nobel committee made the first addition; John Dingell's congressional committee created the second.@@@@1@14@@oe@2-2-2013
21495004@unknown@formal@none@1@S@Both of Dr. Baltimore's public faces have been on view the past few weeks while he was under consideration to succeed Joshua Lederberg as head of the prestigious Rockefeller research institution.@@@@1@31@@oe@2-2-2013
21495005@unknown@formal@none@1@S@It came to light that a substantial number of Rockefeller's faculty were upset over or even opposed to Dr. Baltimore's impending appointment.@@@@1@22@@oe@2-2-2013
21495006@unknown@formal@none@1@S@They were disturbed at what they regarded as Dr. Baltimore's confrontational attitude toward the Dingell committee, which held hearings on a dispute over the lab notebooks of a researcher who had co-authored a scientific paper with Dr. Baltimore.@@@@1@38@@oe@2-2-2013
21495007@unknown@formal@none@1@S@Readers of these columns ("The Science Police," May 15) will recall that Dr. Baltimore was merely the most well-known part of the Dingell committee's larger investigation, which touched MIT, Tufts, Duke, the National Institutes of Health and elsewhere.@@@@1@38@@oe@2-2-2013
21495008@unknown@formal@none@1@S@Rep. Dingell even managed to enlist the services of the Secret Service in his investigation of the Baltimore paper.@@@@1@19@@oe@2-2-2013
21495009@unknown@formal@none@1@S@Insofar as Mr. Dingell has a special interest in NIH and the institutions that receive its funding, the Rockefeller scientists were no doubt discomfited by Dr. Baltimore's unflattering public opinion of this congressional patron, whose behavior reminded Dr. Baltimore of the McCarthy era.@@@@1@43@@oe@2-2-2013
21495010@unknown@formal@none@1@S@This well may be the first time that the venerable Rockefeller University has brushed up publicly against the intimidations now common in American science.@@@@1@24@@oe@2-2-2013
21495011@unknown@formal@none@1@S@John Dingell demagogues a David Baltimore, animal-rights activists do $3.5 million of damage to labs at the U.Cal-Davis, Meryl Streep decries the horrors of chemistry on talk shows, Jeremy Rifkin files lawsuits in federal court to thwart biotech experiments, and Dutch-elm-disease researcher Gary Strobel's own colleagues at Montana State denounce him for "violating" EPA rules.@@@@1@55@@oe@2-2-2013
21495012@unknown@formal@none@1@S@Scientists are mistaken who still think that the anti-science movement in this country isn't their concern or that a David Baltimore could have somehow placated a John Dingell.@@@@1@28@@oe@2-2-2013
21495013@unknown@formal@none@1@S@(Mr. Dingell, by the way, has decreed another NIH investigation of the Baltimore paper, adding to several previous investigations.@@@@1@19@@oe@2-2-2013
21495014@unknown@formal@none@1@S@Something other than what most scientists would recognize as the truth is being sought here.)@@@@1@15@@oe@2-2-2013
21495015@unknown@formal@none@1@S@Fortunately, there are signs that increasing numbers of scientists understand the necessity of speaking out.@@@@1@15@@oe@2-2-2013
21495016@unknown@formal@none@1@S@David Hubel, a Nobel laureate at Harvard, has taken the lead in defending research with animals, as has Dr. Michael DeBakey.@@@@1@21@@oe@2-2-2013
21495017@unknown@formal@none@1@S@NASA defended itself vigorously and successfully against a Rifkin suit to block the Galileo launch.@@@@1@15@@oe@2-2-2013
21495018@unknown@formal@none@1@S@Scientists need to understand that while they tend to believe their work is primarly about establishing new knowledge or doing good, today it is also about power.@@@@1@27@@oe@2-2-2013
21495019@unknown@formal@none@1@S@In a media-linked world, scientists may earn wide praise and even Nobels for their work, but they also attract the attention of people who wish to gain control over the content, funding and goals of that work.@@@@1@37@@oe@2-2-2013
21495020@unknown@formal@none@1@S@When a David Baltimore -- or the next target -- decides it is better to stand up to these forces, his fellow scientists would do well to recognize what is fundamentally at stake, and offer their public support.@@@@1@38@@oe@2-2-2013
21496001@unknown@formal@none@1@S@Wisconsin Toy Co. said it definitively agreed to acquire closely held Everything's a Dollar Inc. of Virginia Beach, Va., for stock currently valued at about $4.7 million.@@@@1@27@@oe@2-2-2013
21496002@unknown@formal@none@1@S@The Milwaukee toy retailer said the agreement calls for Everything's a Dollar holders to receive for their holdings a total of 354,600 newly issued Wisconsin Toy shares.@@@@1@27@@oe@2-2-2013
21496003@unknown@formal@none@1@S@Wisconsin Toy currently has about 4.7 million shares outstanding.@@@@1@9@@oe@2-2-2013
21496004@unknown@formal@none@1@S@A company official said Arthur Borie, until January chief operating officer of Pic 'N Save Inc., will buy a 20% stake in the new Wisconsin Toy subsidiary, and will act as head of Everything's a Dollar.@@@@1@36@@oe@2-2-2013
21496005@unknown@formal@none@1@S@Wisconsin Toy has 71 retail stores, primarily in discount settings.@@@@1@10@@oe@2-2-2013
21496006@unknown@formal@none@1@S@Everything's a Dollar operates 60 specialty-retail stores.@@@@1@7@@oe@2-2-2013
21497001@unknown@formal@none@1@S@While welcoming Nicholas McInnes's Sept. 18 letter offering corrections to your "World-Wide Tax Revolution" table (editorial page, Aug. 29), I am surprised that he neglected other errors that, for some of us, strike close to home.@@@@1@36@@oe@2-2-2013
21497002@unknown@formal@none@1@S@As a Channel Islander, I was amazed to see my birthplace listed as one of "86 countries with an income tax."@@@@1@21@@oe@2-2-2013
21497003@unknown@formal@none@1@S@Despite a history of heated local debate on the topic, my passport clearly reads "British citizen."@@@@1@16@@oe@2-2-2013
21497004@unknown@formal@none@1@S@Whether Mr. McInnes's oversight is merely a sign of a mainlander's benign neglect is a question my fellow Channel Islanders (and friends on the Isle of Man) will continue to ponder.@@@@1@31@@oe@2-2-2013
21497005@unknown@formal@none@1@S@Patrick Basham@@@@1@2@@oe@2-2-2013
21498001@unknown@formal@none@1@S@Roland J. Hawkins, chairman of Jet Vacations Inc., was elected to the board of this cruise line.@@@@1@17@@oe@2-2-2013
21498002@unknown@formal@none@1@S@The board expands to seven members.@@@@1@6@@oe@2-2-2013
21499001@unknown@formal@none@1@S@Ducks.@@@@1@1@@oe@2-2-2013
21499002@unknown@formal@none@1@S@If the White House spots one, it intends to fire a veto at it.@@@@1@14@@oe@2-2-2013
21499003@unknown@formal@none@1@S@Ducks are this season's word for new taxes, under OMB Director Richard Darman's formulation that "if it looks like a duck, walks like a duck and quacks like a duck, it's a duck."@@@@1@33@@oe@2-2-2013
21499004@unknown@formal@none@1@S@George Bush is quite clear: No new ducks.@@@@1@8@@oe@2-2-2013
21499005@unknown@formal@none@1@S@But what about all those non-duck ducks flapping over Washington?@@@@1@10@@oe@2-2-2013
21499006@unknown@formal@none@1@S@We see a whole flock of programs that will impose significant costs on the American economy in the form of burdensome regulation and higher liabilities.@@@@1@25@@oe@2-2-2013
21499007@unknown@formal@none@1@S@Federal child care (quack).@@@@1@4@@oe@2-2-2013
21499008@unknown@formal@none@1@S@The Clean Air bill (quack).@@@@1@5@@oe@2-2-2013
21499009@unknown@formal@none@1@S@The disabled-workers bill (quack, quack).@@@@1@5@@oe@2-2-2013
21499010@unknown@formal@none@1@S@The Bush White House is breeding non-duck ducks the same way the Nixon White House did: It hops on an issue that is unopposable -- cleaner air, better treatment of the disabled, better child care.@@@@1@35@@oe@2-2-2013
21499011@unknown@formal@none@1@S@It comes up with a toned-down version of a Democratic proposal.@@@@1@11@@oe@2-2-2013
21499012@unknown@formal@none@1@S@The bill gets signed into law and then the administration watches helplessly, wondering where all the "unexpected" costs came from.@@@@1@20@@oe@2-2-2013
21499013@unknown@formal@none@1@S@Consider, for instance, the very fat fowl known as federalized child care.@@@@1@12@@oe@2-2-2013
21499014@unknown@formal@none@1@S@The President came up with a good bill, but now may end up signing the awful bureaucratic creature hatched on Capitol Hill.@@@@1@22@@oe@2-2-2013
21499015@unknown@formal@none@1@S@It would create 38,000 local day-care commissions, answerable to the Department of Health and Human Services.@@@@1@16@@oe@2-2-2013
21499016@unknown@formal@none@1@S@They'd determine where parents could store their kids during the day, and they'd regulate the storage facilities.@@@@1@17@@oe@2-2-2013
21499017@unknown@formal@none@1@S@The initial costs are said to be in the $2 billion a year range, but that's only the beginning.@@@@1@19@@oe@2-2-2013
21499018@unknown@formal@none@1@S@New entitlements tend to grow, creating a rationale for new taxes.@@@@1@11@@oe@2-2-2013
21499019@unknown@formal@none@1@S@Quack.@@@@1@1@@oe@2-2-2013
21499020@unknown@formal@none@1@S@The administration claims that its Clean Air bill will cost businesses between $14 billion and $19 billion annually, but economist Michael Evans estimates that the costs for firms will actually be in the $60 billion a year range.@@@@1@38@@oe@2-2-2013
21499021@unknown@formal@none@1@S@The House bill also distorts economic efficiency in all sorts of perverse ways.@@@@1@13@@oe@2-2-2013
21499022@unknown@formal@none@1@S@For example, the administration proposal imposes extremely tough emissions standards on new power plants.@@@@1@14@@oe@2-2-2013
21499023@unknown@formal@none@1@S@So instead of building more efficient modern plants, utilities stick scrubbers on the old plants.@@@@1@15@@oe@2-2-2013
21499024@unknown@formal@none@1@S@The money spent on scrubbers is diverted from planned research on new, cleaner technology.@@@@1@14@@oe@2-2-2013
21499025@unknown@formal@none@1@S@The bill also imposes the California auto-emissions standards on all cars nationwide, as if a car registered in Big Sky, Montana, needed to be as clean as one driven in Los Angeles.@@@@1@32@@oe@2-2-2013
21499026@unknown@formal@none@1@S@Proponents of the nationwide standards say the cost for car buyers would be about $500 per car.@@@@1@17@@oe@2-2-2013
21499027@unknown@formal@none@1@S@Other analysts say that estimate is low.@@@@1@7@@oe@2-2-2013
21499028@unknown@formal@none@1@S@Quack.@@@@1@1@@oe@2-2-2013
21499029@unknown@formal@none@1@S@Nobody knows how many billions of dollars the Americans With Disabilities Act will cost, because nobody knows what the bill entails.@@@@1@21@@oe@2-2-2013
21499030@unknown@formal@none@1@S@It is an intentionally vague document that will create a wave of litigation.@@@@1@13@@oe@2-2-2013
21499031@unknown@formal@none@1@S@Judges will write the real bill as suits roll through the courts.@@@@1@12@@oe@2-2-2013
21499032@unknown@formal@none@1@S@Lawyers will benefit.@@@@1@3@@oe@2-2-2013
21499033@unknown@formal@none@1@S@Private companies, and ultimately their customers, will end up footing the huge bill.@@@@1@13@@oe@2-2-2013
21499034@unknown@formal@none@1@S@The effect of Nixon era non-duck ducks was an economy clogged up with regulations and distortions.@@@@1@16@@oe@2-2-2013
21499035@unknown@formal@none@1@S@All this was recognized and documented in the succeeding years by economists, some of whom worked in the Reagan administration to lift this burden from the American people, states and local governments.@@@@1@32@@oe@2-2-2013
21499036@unknown@formal@none@1@S@Running for President in 1980 and 1988, George Bush also persuasively diagnosed the economic stagnation of the 1970s.@@@@1@18@@oe@2-2-2013
21499037@unknown@formal@none@1@S@In fact, during last year's campaign, the entire nation constantly heard Mr. Bush tout his accomplishments as head of the Task Force on Regulatory Relief.@@@@1@25@@oe@2-2-2013
21499038@unknown@formal@none@1@S@"Government continues to inhibit the productivity of our citizenry and the international competitiveness of American business," the vice president declared when he was head of the task force.@@@@1@28@@oe@2-2-2013
21499039@unknown@formal@none@1@S@But with the impending passage of these new programs, Mr. Bush will surely be sending many people hurtling back into the regulatory thicket that he had helped cut back.@@@@1@29@@oe@2-2-2013
21499040@unknown@formal@none@1@S@By 1986, the number of federal regulators was down to about 103,000.@@@@1@12@@oe@2-2-2013
21499041@unknown@formal@none@1@S@Then it turned up, and by one estimate the number will be up to about 109,000 regulators by next year.@@@@1@20@@oe@2-2-2013
21499042@unknown@formal@none@1@S@Holding the dam on taxes is the most important task of the Bush presidency.@@@@1@14@@oe@2-2-2013
21499043@unknown@formal@none@1@S@We would have thought by now, though, that there was a significant core of people involved in government life who understood that direct taxation isn't the only way to slow down an economy.@@@@1@33@@oe@2-2-2013
21499044@unknown@formal@none@1@S@It is merely the most obvious.@@@@1@6@@oe@2-2-2013
21499045@unknown@formal@none@1@S@What is even more ironic is that all over the world nations are learning that well-intentioned public programs often backfire.@@@@1@20@@oe@2-2-2013
21499046@unknown@formal@none@1@S@But while they are unloading these burdens, the United States is close to creating three more big ones.@@@@1@18@@oe@2-2-2013
21499047@unknown@formal@none@1@S@The Bush administration ought to be setting aside some of its buckshot for the non-duck ducks.@@@@1@16@@oe@2-2-2013