21900001@unknown@formal@none@1@S@The Arizona Corporations Commission authorized an 11.5% rate increase at Tucson Electric Power Co., substantially lower than recommended last month by a commission hearing officer and barely half the rise sought by the utility.@@@@1@34@@oe@2-2-2013
21900002@unknown@formal@none@1@S@The ruling follows a host of problems at Tucson Electric, including major write-downs, a 60% slash in the common stock dividend and the departure of former Chairman Einar Greve during a company investigation of his stock sales.@@@@1@37@@oe@2-2-2013
21900003@unknown@formal@none@1@S@The Arizona regulatory ruling calls for $42 million in added revenue yearly, compared with a $57 million boost proposed by the commission hearing officer.@@@@1@24@@oe@2-2-2013
21900004@unknown@formal@none@1@S@The company had sought increases totaling $80.3 million, or 22%.@@@@1@10@@oe@2-2-2013
21900005@unknown@formal@none@1@S@The decision was announced after trading ended.@@@@1@7@@oe@2-2-2013
21900006@unknown@formal@none@1@S@Tucson Electric closed at $20.875 a share, down 25 cents, in New York Stock Exchange composite trading.@@@@1@17@@oe@2-2-2013
21900007@unknown@formal@none@1@S@A Tucson Electric spokesman said the utility was disappointed by the commission's decision and "concerned about the financial integrity of the company.@@@@1@22@@oe@2-2-2013
21901001@unknown@formal@none@1@S@South Korean President Roh Tae Woo, brushing aside suggestions that the won be revalued again, said the currency's current level against the dollar is "appropriate."@@@@1@25@@oe@2-2-2013
21901002@unknown@formal@none@1@S@His comments, made in response to reporters' questions at the National Press Club here, signaled that Seoul is resisting U.S. pressure for a further rise in the currency's value.@@@@1@29@@oe@2-2-2013
21901003@unknown@formal@none@1@S@The U.S. wants a higher won to make South Korea's exports more expensive and help trim Seoul's trade surplus.@@@@1@19@@oe@2-2-2013
21901004@unknown@formal@none@1@S@Many South Korean business people want a devaluation instead, arguing that the won's recent gains already have weakened the country's export performance.@@@@1@22@@oe@2-2-2013
21901005@unknown@formal@none@1@S@Mr. Roh also said South Korea is taking steps that would free the won to respond to market forces.@@@@1@19@@oe@2-2-2013
21901006@unknown@formal@none@1@S@Seoul has pointed to its lack of a foreign exchange market as one reason the won's value remains heavily controlled.@@@@1@20@@oe@2-2-2013
21901007@unknown@formal@none@1@S@Mr. Roh said a U.S. demand for the removal of South Korean import quotas on beef will be resolved "satisfactorily" but gave no hint when that will happen.@@@@1@28@@oe@2-2-2013
21901008@unknown@formal@none@1@S@Speaking to a joint meeting of Congress earlier, he said South Korea can't move quickly on such agricultural trade issues "without causing political and social trauma.@@@@1@26@@oe@2-2-2013
21902001@unknown@formal@none@1@S@Great American Bank said its board approved the formation of a holding company enabling the savings bank to pursue nontraditional banking activities under a new federal law.@@@@1@27@@oe@2-2-2013
21902002@unknown@formal@none@1@S@The proposed holding company's primary purpose would be to allow Great American to continue engaging in real estate development activities, it said.@@@@1@22@@oe@2-2-2013
21902003@unknown@formal@none@1@S@Those activities generated $26.1 million in operating profit last year.@@@@1@10@@oe@2-2-2013
21902004@unknown@formal@none@1@S@But according to Great American, such profits don't count toward meeting the San Diego savings bank's new capitalization requirements under 1989 federal law.@@@@1@23@@oe@2-2-2013
21902005@unknown@formal@none@1@S@The new real estate unit would have a separate capital structure to comply with the law.@@@@1@16@@oe@2-2-2013
21902006@unknown@formal@none@1@S@The proposed holding company would also consolidate Great American Bank in San Diego and its Tucson, Ariz., savings bank into a single, federally chartered institution in San Diego.@@@@1@28@@oe@2-2-2013
21902007@unknown@formal@none@1@S@The consolidation is expected to save $1 million a year in administrative costs, a Great American spokesman said.@@@@1@18@@oe@2-2-2013
21903001@unknown@formal@none@1@S@Dale Lang, who this week completed the acquisition of the publisher of Ms. and Sassy, is candid about the challenge he is taking on.@@@@1@24@@oe@2-2-2013
21903002@unknown@formal@none@1@S@Mr. Lang admits that Ms. is "in dire straits" and that Sassy needs big promotional dollars to keep it alive.@@@@1@20@@oe@2-2-2013
21903003@unknown@formal@none@1@S@But the 57-year-old publisher has moved quickly and boldly to deal with the magazines' problems.@@@@1@15@@oe@2-2-2013
21903004@unknown@formal@none@1@S@Last Friday, he told the staff of Ms. that the magazine in January would begin publishing without advertising.@@@@1@18@@oe@2-2-2013
21903005@unknown@formal@none@1@S@Mr. Lang will do away with expensive circulation drives, not to mention sales staff, and attempt to publish the 17-year-old magazine supported by circulation revenue alone.@@@@1@26@@oe@2-2-2013
21903006@unknown@formal@none@1@S@"Any fool can publish a money-losing magazine.@@@@1@7@@oe@2-2-2013
21903007@unknown@formal@none@1@S@I want to publish one that succeeds," said Mr. Lang.@@@@1@10@@oe@2-2-2013
21903008@unknown@formal@none@1@S@"For Ms., it's time to publish for the reader, not the advertiser."@@@@1@12@@oe@2-2-2013
21903009@unknown@formal@none@1@S@As for Sassy, which competes directly with News Corp.'s Seventeen magazine, Mr. Lang says that in the next two years he will spend $6 million promoting and improving the magazine.@@@@1@30@@oe@2-2-2013
21903010@unknown@formal@none@1@S@Though Sassy has grown quickly since its debut in March 1988, it has been the target of conservative lobbyists and skittish advertisers who bristled at its frank editorial matter on teen-age problems.@@@@1@32@@oe@2-2-2013
21903011@unknown@formal@none@1@S@Mr. Lang said the former Australian owners of Sassy were "blind-sided by the Moral Majority. . . .@@@@1@18@@oe@2-2-2013
21903012@unknown@formal@none@1@S@Their reaction was to do nothing and ride it out."@@@@1@10@@oe@2-2-2013
21903013@unknown@formal@none@1@S@He said Sassy will keep its irreverent tone, but added, "We will keep a close watch on the editorial content of the magazine."@@@@1@23@@oe@2-2-2013
21903014@unknown@formal@none@1@S@Sassy already has recovered; circulation has quickly passed the 500,000 mark and advertising pages have stabilized this year at more than 300.@@@@1@22@@oe@2-2-2013
21903015@unknown@formal@none@1@S@What's more, Mr. Lang says he has what all publishers wish for: a bona fide niche.@@@@1@16@@oe@2-2-2013
21903016@unknown@formal@none@1@S@"Seventeen is written more for mothers, not their daughters," said Mr. Lang.@@@@1@12@@oe@2-2-2013
21903017@unknown@formal@none@1@S@"But Sassy has a different spirit.@@@@1@6@@oe@2-2-2013
21903018@unknown@formal@none@1@S@It gets more mail in a month than McCall's got in a year, and it's not from mothers.@@@@1@18@@oe@2-2-2013
21903019@unknown@formal@none@1@S@I feel about Sassy like I did about Working Woman 10 years ago."@@@@1@13@@oe@2-2-2013
21903020@unknown@formal@none@1@S@Mr. Lang took on Ms. and Sassy with the acquisition of Matilda Publications Inc. by his newly formed Lang Communications.@@@@1@20@@oe@2-2-2013
21903021@unknown@formal@none@1@S@Lang owns 70% of Matilda, while Citicorp owns the rest through its Citicorp Venture Capital Partners.@@@@1@16@@oe@2-2-2013
21903022@unknown@formal@none@1@S@Two weeks ago, Citicorp and Mr. Lang pumped $800,000 into Matilda just to keep the doors open.@@@@1@17@@oe@2-2-2013
21903023@unknown@formal@none@1@S@Industry observers have congratulated Mr. Lang on what some call his "courageous" handling of Ms., but his track record in magazine publishing in general has gotten mixed reviews.@@@@1@28@@oe@2-2-2013
21903024@unknown@formal@none@1@S@Besides Ms. and Sassy, closely held Lang Communications includes Success, a magazine for entrepreneurs and small businesses, and Working Woman and Working Mother, two monthly magazines.@@@@1@26@@oe@2-2-2013
21903025@unknown@formal@none@1@S@Working Woman, with circulation near one million, and Working Mother, with 625,000 circulation, are legitimate magazine success stories.@@@@1@18@@oe@2-2-2013
21903026@unknown@formal@none@1@S@The magazine Success, however, was for years lackluster and unfocused.@@@@1@10@@oe@2-2-2013
21903027@unknown@formal@none@1@S@Only recently has it been attractively redesigned and its editorial product improved.@@@@1@12@@oe@2-2-2013
21903028@unknown@formal@none@1@S@Success is expected to gain at least because of the recent folding of rival Venture, another magazine for growing companies.@@@@1@20@@oe@2-2-2013
21903029@unknown@formal@none@1@S@Working Woman and Working Mother have operated as part of Working Woman/McCall's Group, a less-than-successful joint venture between Mr. Lang and Time Warner Inc.@@@@1@24@@oe@2-2-2013
21903030@unknown@formal@none@1@S@The joint venture is being undone, with McCall's magazine being sold last summer to the New York Times Co.'s Magazine Group for about $80 million, and Time Warner agreeing to sell back its 50% interest in Working Woman and Working Mother to Mr. Lang.@@@@1@44@@oe@2-2-2013
21903031@unknown@formal@none@1@S@Executives at Time Inc. Magazine Co., a subsidiary of Time Warner, have said the joint venture with Mr. Lang wasn't a good one.@@@@1@23@@oe@2-2-2013
21903032@unknown@formal@none@1@S@The venture, formed in 1986, was supposed to be Time's low-cost, safe entry into women's magazines.@@@@1@16@@oe@2-2-2013
21903033@unknown@formal@none@1@S@Mr. Lang surprised Time soon after joining forces when he said he would negotiate rates individually with advertisers, a practice common in broadcasting but considered taboo by magazine publishers.@@@@1@29@@oe@2-2-2013
21903034@unknown@formal@none@1@S@In addition, McCall's put in a less than stellar performance.@@@@1@10@@oe@2-2-2013
21903035@unknown@formal@none@1@S@Until a recent comeback, it saw steep losses in ad pages and circulation.@@@@1@13@@oe@2-2-2013
21903036@unknown@formal@none@1@S@Time executives complained about the shoddy editorial quality, and in the end, one Time executive who asked not to be identified said, "Frankly, McCall's and the joint venture were an embarrassment."@@@@1@31@@oe@2-2-2013
21903037@unknown@formal@none@1@S@Mr. Lang feels that Time's priorities changed.@@@@1@7@@oe@2-2-2013
21903038@unknown@formal@none@1@S@"Their management changed right after {the venture was formed}, and I don't think they were comfortable getting into the competitive wars of women's service magazines."@@@@1@25@@oe@2-2-2013
21903039@unknown@formal@none@1@S@Today, Mr. Lang believes his magazines will offer what many women's magazines don't.@@@@1@13@@oe@2-2-2013
21903040@unknown@formal@none@1@S@"We write straight for women on their level," he said.@@@@1@10@@oe@2-2-2013
21903041@unknown@formal@none@1@S@"We don't have passive readers."@@@@1@5@@oe@2-2-2013
21903042@unknown@formal@none@1@S@Mr. Lang points out that even Success, in part, fits the company's image, since about 30% of its readership is female.@@@@1@21@@oe@2-2-2013
21903043@unknown@formal@none@1@S@Mr. Lang has named Carol Taber, 43, as group publisher of New York-based Lang Communications.@@@@1@15@@oe@2-2-2013
21903044@unknown@formal@none@1@S@She will oversee Working Woman, Working Mother and Success magazines, and retain her post as publisher of Working Woman.@@@@1@19@@oe@2-2-2013
21903045@unknown@formal@none@1@S@The sale price of McCall's -- twice what Mr. Lang originally paid for it -- will finance Lang Communications' buy-back of Time Warner's 50% interest in Working Woman and Working Mother.@@@@1@31@@oe@2-2-2013
21903046@unknown@formal@none@1@S@Mr. Lang says he isn't scouting new acquisitions, at least for now.@@@@1@12@@oe@2-2-2013
21903047@unknown@formal@none@1@S@"We would have to go outside to banks to get the money and I am not ready to do that," he said.@@@@1@22@@oe@2-2-2013
21903048@unknown@formal@none@1@S@"Besides, we have enough on our plate.@@@@1@7@@oe@2-2-2013
21903049@unknown@formal@none@1@S@There is plenty of work to be done on what we have.@@@@1@12@@oe@2-2-2013
21904001@unknown@formal@none@1@S@Britain's Monopolies and Mergers Commission Wednesday cleared Rhone-Poulenc S.A.'s purchase of a specialty bulk-chemical unit from Monsanto Co., saying the purchase was unlikely to have any lasting impact on U.K. industrial consumers.@@@@1@32@@oe@2-2-2013
21904002@unknown@formal@none@1@S@The commission, which was asked to study the deal by the Department of Trade and Industry after its announcement in February, said the diversity of global supply of chemicals used in making analgesic drugs was great enough to offset the dominant U.K. market share Rhone-Poulenc would gain through the acquisition.@@@@1@50@@oe@2-2-2013
21904003@unknown@formal@none@1@S@The French chemical giant would hold an 80% share of the U.K. market for salicylic acid, methyl salicylate and bulk aspirin.@@@@1@21@@oe@2-2-2013
21904004@unknown@formal@none@1@S@The commission found that if the British government attempted to block the merger, Rhone-Poulenc would likely respond by closing the salicylates plant Monsanto operates in Wales, removing the matter from U.K. jurisdiction.@@@@1@32@@oe@2-2-2013
21905001@unknown@formal@none@1@S@Morrison Knudsen Corp. posted third-quarter net income of $7.9 million, or 69 cents a share, continuing a rebound from steep year-ago losses.@@@@1@22@@oe@2-2-2013
21905002@unknown@formal@none@1@S@In the third quarter a year-earlier, the construction and engineering concern posted a loss of $51.2 million, or $4.68 a share.@@@@1@21@@oe@2-2-2013
21905003@unknown@formal@none@1@S@Revenue in the latest quarter rose 14% to $589 million from $515.1 million.@@@@1@13@@oe@2-2-2013
21905004@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, Morrison gained $2.25 to $44.125.@@@@1@14@@oe@2-2-2013
21905005@unknown@formal@none@1@S@Morrison said the engineering and construction segment performed well, with the mining and MK-Ferguson operations making important contributions.@@@@1@18@@oe@2-2-2013
21905006@unknown@formal@none@1@S@Boise, Idaho-based Morrison had losses totaling $186 million over the two years ended in December, but it has surged back to profitability as a result of cost-cutting and shedding of unprofitable operations.@@@@1@32@@oe@2-2-2013
21905007@unknown@formal@none@1@S@In the nine months, the company's net income was $21.5 million, or $1.88 a share, compared with a year-earlier loss of $97.8 million, or $8.96 a share.@@@@1@27@@oe@2-2-2013
21905008@unknown@formal@none@1@S@Revenue rose 17% to $1.62 billion from $1.39 billion.@@@@1@9@@oe@2-2-2013
21906001@unknown@formal@none@1@S@The House Ethics Committee officially cited Rep. Jim Bates (D., Calif.) for sexually harassing two female employees, but didn't recommend formal disciplinary action.@@@@1@23@@oe@2-2-2013
21906002@unknown@formal@none@1@S@Rep. Bates said he accepted the finding, but one of the victims, Dorena Bertussi, denounced the ethics panel's action as "absurd."@@@@1@21@@oe@2-2-2013
21906003@unknown@formal@none@1@S@Acting more than a year after Ms. Bertussi filed a complaint, the panel issued a "letter of reproval" saying Rep. Bates had admitted conduct that violated a House rule forbidding discrimination against employees on account of their sex.@@@@1@38@@oe@2-2-2013
21906004@unknown@formal@none@1@S@It ordered Rep. Bates to write letters of apology to Ms. Bertussi and to a second complainant, Karen Dryden.@@@@1@19@@oe@2-2-2013
21906005@unknown@formal@none@1@S@Rep. Bates said he would write the letters as ordered.@@@@1@10@@oe@2-2-2013
21906006@unknown@formal@none@1@S@"I accept the resolution of the matter by the Ethics Committee," he said.@@@@1@13@@oe@2-2-2013
21906007@unknown@formal@none@1@S@The panel also warned Rep. Bates that any further violations "may result in a recommendation that disciplinary action be considered."@@@@1@20@@oe@2-2-2013
21906008@unknown@formal@none@1@S@But Ms. Bertussi asked, "Who in their right mind is going to file another complaint with the Ethics Committee?"@@@@1@19@@oe@2-2-2013
21906009@unknown@formal@none@1@S@Rep. Bates has publicly begged for forgiveness from voters and was re-elected with 60% of the vote last November.@@@@1@19@@oe@2-2-2013
21907001@unknown@formal@none@1@S@Mesa Airlines said the takeover offer it received earlier this week from StatesWest Airlines is for a combination of cash and securities valued by StatesWest at $10 a Mesa share.@@@@1@30@@oe@2-2-2013
21907002@unknown@formal@none@1@S@Both companies are regional carriers in the Southwest.@@@@1@8@@oe@2-2-2013
21907003@unknown@formal@none@1@S@When it made the offer, StatesWest declined to disclose details and asked Mesa to do the same.@@@@1@17@@oe@2-2-2013
21907004@unknown@formal@none@1@S@But Farmington, N.M.-based Mesa said the offer was for $7 in cash and unspecified StatesWest securities valued at $3 a share.@@@@1@21@@oe@2-2-2013
21907005@unknown@formal@none@1@S@Based on the number of Mesa shares outstanding not already owned by StatesWest, the proposed takeover would have a value of about $15.3 million.@@@@1@24@@oe@2-2-2013
21907006@unknown@formal@none@1@S@StatesWest owns 7.25% of Mesa.@@@@1@5@@oe@2-2-2013
21907007@unknown@formal@none@1@S@Last week, Mesa rejected a general proposal from StatesWest that the two carriers combine.@@@@1@14@@oe@2-2-2013
21907008@unknown@formal@none@1@S@In response to the specific offer, Gary Risley, Mesa vice president, said management will ask directors to employ a financial consultant to advise them.@@@@1@24@@oe@2-2-2013
21908001@unknown@formal@none@1@S@Hawker Siddeley Group PLC, a U.K. engineering company, reported a 16% jump in pretax profit for the six-month period ending June 30.@@@@1@22@@oe@2-2-2013
21908002@unknown@formal@none@1@S@Pretax profit rose to #93.2 million ($146.8 million) from #80.6 million ($127 million), matching analysts' expectations, which ranged from #90 million to #95 million.@@@@1@24@@oe@2-2-2013
21908003@unknown@formal@none@1@S@Profit after taxes and minority interests increased 16% to #55.2 million from #47.6 million in the year-earlier period, while earnings per share rose 16% to 27.9 pence (44 cents) from 24.1 pence (38 cents).@@@@1@34@@oe@2-2-2013
21908004@unknown@formal@none@1@S@Hawker Siddeley said its core electrical products division enjoyed strong growth, with a 20% rise in operating profit during the period.@@@@1@21@@oe@2-2-2013
21909001@unknown@formal@none@1@S@Fleet/Norstar Financial Group reported a 12% increase in net income in the third quarter, led by a 43% gain in its financial services group.@@@@1@24@@oe@2-2-2013
21909002@unknown@formal@none@1@S@Fleet's net was $96.4 million, or 86 cents a primary share, compared with $85.8 million, or 79 cents a share, a year earlier.@@@@1@23@@oe@2-2-2013
21909003@unknown@formal@none@1@S@The Providence, R.I., financial services group, which includes commercial-credit, leasing and mortgage-banking operations, contributed $30.6 million to net, up from last year's $21.3 million.@@@@1@24@@oe@2-2-2013
21909004@unknown@formal@none@1@S@Fleet also noted that, unlike other banking companies in the Northeast, it has been only marginally hurt by nonperforming loans that have resulted from the slumping regional real estate market.@@@@1@30@@oe@2-2-2013
21909005@unknown@formal@none@1@S@Fleet reported nine-month net of $279.0 million, or $2.51 a primary share, up from $248.2 million, or $2.28 a share, a year earlier.@@@@1@23@@oe@2-2-2013
21910001@unknown@formal@none@1@S@Benj. Franklin Federal Savings & Loan Association said it expects to post a third-quarter net loss of about $8 million, or $1.04 a share, as a result of adding $11 million in loan-loss reserves.@@@@1@34@@oe@2-2-2013
21910002@unknown@formal@none@1@S@The Portland, Ore., thrift, which has $5.2 billion of assets, had net income in last year's third quarter of $1.8 million, or 23 cents a share.@@@@1@26@@oe@2-2-2013
21910003@unknown@formal@none@1@S@Franklin said it expects to report earnings for the latest quarter next week.@@@@1@13@@oe@2-2-2013
21910004@unknown@formal@none@1@S@The additional reserves relate to possible write-downs of certain assets held by Franklin and its subsidiaries and the default of a bond in its investment portfolio, the thrift said.@@@@1@29@@oe@2-2-2013
21910005@unknown@formal@none@1@S@According to a spokeswoman, they also relate to changes Franklin will have to make in its accounting procedures to comply with new federal capitalization requirements for thrifts.@@@@1@27@@oe@2-2-2013
21910006@unknown@formal@none@1@S@The company's shares closed yesterday at $4.25, off 25 cents, in national over-the-counter trading.@@@@1@14@@oe@2-2-2013
21911001@unknown@formal@none@1@S@Arkla Inc. said that as part of a program to improve profitability it will take a total of $189 million in after-tax charges by year end.@@@@1@26@@oe@2-2-2013
21911002@unknown@formal@none@1@S@It also announced an initial public offering of 18% of its gas exploration and production subsidiary.@@@@1@16@@oe@2-2-2013
21911003@unknown@formal@none@1@S@The Shreveport, La., natural gas company said the charges, though partially offset by a one-time gain from the offering, will result in a full-year after-tax loss.@@@@1@26@@oe@2-2-2013
21911004@unknown@formal@none@1@S@Last year, the company had net income of $117.3 million, or $1.30 a share.@@@@1@14@@oe@2-2-2013
21911005@unknown@formal@none@1@S@Arkla said it will report $179 milllion in one-time charges against continuing operations for the third quarter, reflecting settlement of certain natural gas contracts.@@@@1@24@@oe@2-2-2013
21911006@unknown@formal@none@1@S@It said it will take a $10 million fourth-quarter charge against discontinued operations, reflecting certain write-downs and the planned sale of a unit.@@@@1@23@@oe@2-2-2013
21911007@unknown@formal@none@1@S@Arkla said its initial offering of 18% of Arkla Exploration Co. is expected to result in a net gain of about $90 million, which will be used to pay down Arkla debt.@@@@1@32@@oe@2-2-2013
21911008@unknown@formal@none@1@S@Arkla Exploration owns sizable gas and crude-oil reserves in the South and Southwest.@@@@1@13@@oe@2-2-2013
21912001@unknown@formal@none@1@S@South Africa negotiated a new debt agreement with its major foreign creditors for about $8 billion of its foreign debt outstanding, said Chris Stals, governor of the Reserve Bank and the country's chief debt negotiator.@@@@1@35@@oe@2-2-2013
21912002@unknown@formal@none@1@S@The new agreement will last for 3 1/2 years starting July 1, 1990, when the current agreement expires.@@@@1@18@@oe@2-2-2013
21912003@unknown@formal@none@1@S@The announcement coincides with the start of the Commonwealth Ministers Conference in Kuala Lumpur, where proposals for renewed sanctions against South Africa, including moves to block settling of a new debt agreement, were scheduled to be discussed.@@@@1@37@@oe@2-2-2013
21912004@unknown@formal@none@1@S@As with the previous pact, the new agreement covers the country's debt "inside the net," which applies mainly to repayments due to overseas creditor banks by the private sector.@@@@1@29@@oe@2-2-2013
21912005@unknown@formal@none@1@S@The agreement calls for South African debtors to make repayments in eight installments, starting in December of next year.@@@@1@19@@oe@2-2-2013
21912006@unknown@formal@none@1@S@The redemption then would be at 1.5% of the total debt, increasing to 2.5% in February 1991, and to 3% at six-month intervals thereafter.@@@@1@24@@oe@2-2-2013
21912007@unknown@formal@none@1@S@A revised provision would be included for the conversion of short-term claims inside the net to long-term loans outside the net.@@@@1@21@@oe@2-2-2013
21912008@unknown@formal@none@1@S@These claims would be repayable over a 10-year period.@@@@1@9@@oe@2-2-2013
21912009@unknown@formal@none@1@S@Foreign debt falling outside the net of affected indebtedness -- which Mr. Stahl estimated at $12 billion -- would remain not subject to the debt arrangements.@@@@1@26@@oe@2-2-2013
21913001@unknown@formal@none@1@S@New York Times Co. said net income rose in the third quarter because of a one-time gain on the sale of the company's cable-TV system.@@@@1@25@@oe@2-2-2013
21913002@unknown@formal@none@1@S@Net surged to $210.8 million, or $2.68 a share, from $26.7 million, or 33 cents a share, a year earlier.@@@@1@20@@oe@2-2-2013
21913003@unknown@formal@none@1@S@The latest quarter included a gain of $193.3 million, or $2.46 a share, from the sale of New York Times Cable, completed in August.@@@@1@24@@oe@2-2-2013
21913004@unknown@formal@none@1@S@Exclusive of the gain, operating profit declined 35% to $16.4 million, or 21 cents a share, from $25.2 million, or 31 cents a share.@@@@1@24@@oe@2-2-2013
21913005@unknown@formal@none@1@S@The decline primarily reflected the dilution from acquiring McCall's, Golf World (U.S.) and Sailing World magazines; lower equity earnings from the forest-products group because of price discounting and an unfavorable exchange rate, and an 8.7% decline in advertising linage at the New York Times, the company's flagship newspaper.@@@@1@48@@oe@2-2-2013
21913006@unknown@formal@none@1@S@Advertising volume at the company's 35 regional newspapers decreased 1.1%.@@@@1@10@@oe@2-2-2013
21913007@unknown@formal@none@1@S@The company said the negative factors are expected to continue into next year.@@@@1@13@@oe@2-2-2013
21913008@unknown@formal@none@1@S@Revenue rose 6.4% to $415.3 million from $390.5 million.@@@@1@9@@oe@2-2-2013
21914001@unknown@formal@none@1@S@Democrat Gene Taylor won a special election to fill the congressional seat vacated by the death of Republican Larkin Smith, taking back the GOP's lone redoubt in Mississippi's House delegation.@@@@1@30@@oe@2-2-2013
21914002@unknown@formal@none@1@S@Mr. Taylor's overwhelming victory against Republican Tom Anderson reclaims a seat the Republicans had held for 17 years and gives the Democrats their fifth victory in the seven special House elections held this year.@@@@1@34@@oe@2-2-2013
21914003@unknown@formal@none@1@S@Mr. Taylor, a 36-year-old state senator from Bay St. Louis, won 65% of the vote in a district that has voted Republican in the past five presidential elections and that was once represented by Republican U.S. Sen. Trent Lott.@@@@1@39@@oe@2-2-2013
21914004@unknown@formal@none@1@S@Mr. Taylor's victory was an embarrassment for both state and national Republicans.@@@@1@12@@oe@2-2-2013
21914005@unknown@formal@none@1@S@Mr. Anderson, a former Lott aide, received campaign assistance from the senator and from President Bush, who visited the district last week.@@@@1@22@@oe@2-2-2013
21914006@unknown@formal@none@1@S@Even so, Mr. Taylor carried all but one of the district's dozen counties.@@@@1@13@@oe@2-2-2013
21914007@unknown@formal@none@1@S@Rep. Smith died in a plane crash on Aug. 13.@@@@1@10@@oe@2-2-2013
21915001@unknown@formal@none@1@S@Wall Street Journal reporters called companies with headquarters or facilities in the Bay area in a bid to assess the damage to their operations caused by Tuesday's earthquake.@@@@1@28@@oe@2-2-2013
21915002@unknown@formal@none@1@S@The calls reached many, but certainly not all, of the publicly held companies with operations in the area.@@@@1@18@@oe@2-2-2013
21915003@unknown@formal@none@1@S@In most cases damage to company facilities and operations was minimal.@@@@1@11@@oe@2-2-2013
21915004@unknown@formal@none@1@S@ADIA SERVICES INC., Menlo Park, temporary personnel agency, annual sales of $504 million, OTC, said all 30 offices in Bay area were working, but in various states of disarray.@@@@1@29@@oe@2-2-2013
21915005@unknown@formal@none@1@S@Business was slow because many companies were closed yesterday.@@@@1@9@@oe@2-2-2013
21915006@unknown@formal@none@1@S@ADVANCED MICRO DEVICES INC., Sunnyvale, integrated circuit maker, annual sales of $1.12 billion, NYSE, had only minor structural damage.@@@@1@19@@oe@2-2-2013
21915007@unknown@formal@none@1@S@Most of its 4,500 workers were at work yesterday, and no production slowdown was anticipated as long as electricity remains available.@@@@1@21@@oe@2-2-2013
21915008@unknown@formal@none@1@S@AMDAHL CORP., Sunnyvale, computer maker, annual sales of $1.8 billion, Amex, was closed yesterday and no damage estimates were available.@@@@1@20@@oe@2-2-2013
21915009@unknown@formal@none@1@S@AMERICAN BUILDING MAINTENANCE INDUSTRIES Inc., San Francisco, provider of maintenance services, annual revenue of $582 million, NYSE, had some damage to headquarters and lost phone service, but operations were moved to a branch office and are running smoothly thanks to a decentralized computer system the company had developed before the quake.@@@@1@51@@oe@2-2-2013
21915010@unknown@formal@none@1@S@AMERICAN PRESIDENT COS., Oakland, shipping concern, annual sales of $2.2 billion, NYSE, had little damage to the cranes, dock or rail track at its container-ship facility near the collapsed Route 880 overpass.@@@@1@32@@oe@2-2-2013
21915011@unknown@formal@none@1@S@The company expects to work a ship due in today with minimal delays, despite sporadic power.@@@@1@16@@oe@2-2-2013
21915012@unknown@formal@none@1@S@ANACOMP INC., Indianapolis, NYSE, said its Xidex Corp. unit, a Sunnyvale maker of computer disks and microfilm with annual sales of $637 million, had only minor damage and is fully operational.@@@@1@31@@oe@2-2-2013
21915013@unknown@formal@none@1@S@ANTHEM ELECTRONICS INC., San Jose, distributor of electronic parts, annual sales of about $300 million, NYSE, sustained very little damage, anticipated being "in 100% operating condition" by midday.@@@@1@28@@oe@2-2-2013
21915014@unknown@formal@none@1@S@APPLE COMPUTER CO., Cupertino, computer maker, annual sales of $4.07 billion, OTC, sustained some structural damage.@@@@1@16@@oe@2-2-2013
21915015@unknown@formal@none@1@S@Offices were closed yesterday.@@@@1@4@@oe@2-2-2013
21915016@unknown@formal@none@1@S@APPLIED MATERIALS INC., Santa Clara, maker of computer-chip machine systems, annual sales of $490 million, OTC, had slight damage to headquarters, no damage to manufacturing plants.@@@@1@26@@oe@2-2-2013
21915017@unknown@formal@none@1@S@Company, with 1,750 workers in area, is fully functional.@@@@1@9@@oe@2-2-2013
21915018@unknown@formal@none@1@S@ATARI CORP., Sunnyvale, maker of personal computers and software, annual sales of $700 million, Amex, had minor damage and expects to be fully operational by tomorrow.@@@@1@26@@oe@2-2-2013
21915019@unknown@formal@none@1@S@BANKAMERICA Corp., San Francisco, bank holding company, annual revenue of $10.2 billion, NYSE, yesterday had no power at its headquarters, 80 of its 433 Northern California branches were closed and 250 of 750 automatic teller machines were closed in the area.@@@@1@41@@oe@2-2-2013
21915020@unknown@formal@none@1@S@Securities trading was conducted in a backup facility in Concord.@@@@1@10@@oe@2-2-2013
21915021@unknown@formal@none@1@S@BECHTEL CORP., San Francisco, engineering and construction concern, annual sales of $4 billion, had only minor structural damage at its three buildings in the city, but its computers were knocked out.@@@@1@31@@oe@2-2-2013
21915022@unknown@formal@none@1@S@Backup computer tapes were hand-carried to an IBM office in Philadelphia, and the company expects its mainframe to be up in a few days.@@@@1@24@@oe@2-2-2013
21915023@unknown@formal@none@1@S@Workers, except for senior management, were asked not to report for work yesterday.@@@@1@13@@oe@2-2-2013
21915024@unknown@formal@none@1@S@BIO-RAD LABORATORIES INC., Hercules, biological research and clinical-products leader, $200 million in annual sales, Amex, said its Richmond warehouse north of San Francisco was closed because of debris and fallen shelves.@@@@1@31@@oe@2-2-2013
21915025@unknown@formal@none@1@S@It expects to be fully operational by next week.@@@@1@9@@oe@2-2-2013
21915026@unknown@formal@none@1@S@BORLAND INTERNATIONAL, Scotts Valley, personal computer and software designer, annual sales of $72 million, had heavy damage to its headquarters and was conducting business from its parking lot.@@@@1@28@@oe@2-2-2013
21915027@unknown@formal@none@1@S@The company doesn't expect any shipping delays.@@@@1@7@@oe@2-2-2013
21915028@unknown@formal@none@1@S@BUSINESSLAND INC., San Jose, computer retail company, annual sales of $1.1 billion, NYSE, said all 16 corporate office and stores in the area were open with the exception of a retail center in San Francisco's business district.@@@@1@37@@oe@2-2-2013
21915029@unknown@formal@none@1@S@That facility should reopen today.@@@@1@5@@oe@2-2-2013
21915030@unknown@formal@none@1@S@CARTER HAWLEY HALE STORES Inc., Los Angeles, retailer, annual sales of $2.79 billion, NYSE, said nine of its 22 Emporium stores in the area were closed because of water damage, broken windows and fallen displays.@@@@1@35@@oe@2-2-2013
21915031@unknown@formal@none@1@S@A spokesman said sales are expected to be hurt, but the losses are covered by insurance.@@@@1@16@@oe@2-2-2013
21915032@unknown@formal@none@1@S@CHEVRON CORP., San Francisco, oil company, annual sales of $25.2 billion, NYSE, had minor damage to downtown headquarters, but structural damage closed two of its seven buildings in San Ramone industrial park.@@@@1@32@@oe@2-2-2013
21915033@unknown@formal@none@1@S@Company expects to be fully operational by next week.@@@@1@9@@oe@2-2-2013
21915034@unknown@formal@none@1@S@CLOROX Co., Oakland, consumer products, annual sales of $1.36 billion, NYSE, was closed yesterday but plans to reopen today or tomorrow.@@@@1@21@@oe@2-2-2013
21915035@unknown@formal@none@1@S@Meanwhile, orders are being routed through Kingsford Products unit in Louisville, Ky., but computer problems mean they must be processed manually.@@@@1@21@@oe@2-2-2013
21915036@unknown@formal@none@1@S@Expects to be fully operational early next week.@@@@1@8@@oe@2-2-2013
21915037@unknown@formal@none@1@S@COHERENT INC., Palo Alto, laser maker, annual sales of $159 million, was closed yesterday but expects to reopen today.@@@@1@19@@oe@2-2-2013
21915038@unknown@formal@none@1@S@CONSOLIDATED FREIGHTWAYS INC., Menlo Park, trucking company, $2.69 billion in annual sales, NYSE, had structural damage to CF Motor Freight subsidiary's office in Palo Alto, no damage in Menlo Park.@@@@1@30@@oe@2-2-2013
21915039@unknown@formal@none@1@S@COOPER COMPANIES INC., Palo Alto, medical products maker, annual sales of $628 million, NYSE, had little damage and was in full operation yesterday.@@@@1@23@@oe@2-2-2013
21915040@unknown@formal@none@1@S@DAYTON HUDSON CORP., Minneapolis, retailer, annual sales of $12.2 billion, NYSE, closed seven of its 13 Bay-area Target discount stores and nine of its 20 Mervyn's department stores because of pending reviews by structural engineers or requests from authorities, who were trying to keep shoppers off the freeways.@@@@1@48@@oe@2-2-2013
21915041@unknown@formal@none@1@S@The company expects to reopen three Target stores and all but two Mervyn's today or tomorrow.@@@@1@16@@oe@2-2-2013
21915042@unknown@formal@none@1@S@DIASONICS INC., South San Francisco, maker of magnetic resonance imaging equipment, annual sales of $281 million, Amex, had minor damage, mostly in a stockroom.@@@@1@24@@oe@2-2-2013
21915043@unknown@formal@none@1@S@The company plans to be fully operational today.@@@@1@8@@oe@2-2-2013
21915044@unknown@formal@none@1@S@DIGITAL EQUIPMENT CORP., Maynard, Mass., computer maker, annual sales of $12.7 billion, NYSE, had structural damage at its San Francisco sales office but no appreciable damage elsewhere in the area, including its Cupertino plant.@@@@1@34@@oe@2-2-2013
21915045@unknown@formal@none@1@S@DREYER'S GRAND ICE CREAM INC., Oakland, ice cream maker, annual sales of $225 million, OTC, said it is delivering ice cream wherever roads are passable.@@@@1@25@@oe@2-2-2013
21915046@unknown@formal@none@1@S@EVEREX SYSTEMS INC., Fremont, maker of personal computers and peripherals, annual sales of $377 million, OTC, had minor damage and was almost fully operational yesterday.@@@@1@25@@oe@2-2-2013
21915047@unknown@formal@none@1@S@EXXON Corp., New York, oil company, NYSE, said its refinery northeast of San Francisco was operating at a slightly reduced rate as a precaution in case of aftershocks.@@@@1@28@@oe@2-2-2013
21915048@unknown@formal@none@1@S@FORD MOTOR CO., Dearborn, Mich., auto maker, annual sales of $92.4 billion, NYSE, said its three Ford Aerospace unit facilities in the Bay area, including a satellite-assembly operation in Palo Alto, had no major damage.@@@@1@35@@oe@2-2-2013
21915049@unknown@formal@none@1@S@GAP Inc., San Bruno, clothing retailer, annual sales of $1.25 billion, NYSE, expects most of its stores to return to full operation and all 2,500 of its Bay-area workers to be back at work by today.@@@@1@36@@oe@2-2-2013
21915050@unknown@formal@none@1@S@GENENTECH INC., South San Francisco, biotechnology company, annual sales of $334.8 million, NYSE, sustained no major damage and expects to be fully operational today.@@@@1@24@@oe@2-2-2013
21915051@unknown@formal@none@1@S@GENERAL ELECTRIC CO., Fairfield, Conn., consumer, industrial products and broadcasting concern, annual sales of $50 billion, NYSE, said its GE Nuclear Energy unit, with 1,600 Bay-area employees, had only minor damage at its San Jose headquarters.@@@@1@36@@oe@2-2-2013
21915052@unknown@formal@none@1@S@Business wasn't disrupted.@@@@1@3@@oe@2-2-2013
21915053@unknown@formal@none@1@S@GENERAL MOTORS CORP., Detroit, auto maker, annual sales of $123.6 billion, NYSE, sustained about 10 injuries to workers and some ruptured water mains at its New United Motor Manufacturing Inc. facility in Fremont, a joint venture with Toyota Motor Corp.@@@@1@40@@oe@2-2-2013
21915054@unknown@formal@none@1@S@There was limited production of some models yesterday, but it wasn't clear when the normal 750-car-a-day pace will resume.@@@@1@19@@oe@2-2-2013
21915055@unknown@formal@none@1@S@Plant officials are still assessing damage to parts suppliers and Port of Oakland facilities that handle shipments to the plant.@@@@1@20@@oe@2-2-2013
21915056@unknown@formal@none@1@S@GOLDEN WEST FINANCIAL CORP., Oakland, savings and loan, annual revenue of $1.4 billion, NYSE, had only minor damage to a few branches and no injured employees.@@@@1@26@@oe@2-2-2013
21915057@unknown@formal@none@1@S@HEWLETT-PACKARD Co., Palo Alto, personal computer and electronic equipment maker, annual sales of $9.8 billion, NYSE, said there will be a "minimal suspension" of manufacturing for an undefined period.@@@@1@29@@oe@2-2-2013
21915058@unknown@formal@none@1@S@The computer system was operating, so orders could be taken.@@@@1@10@@oe@2-2-2013
21915059@unknown@formal@none@1@S@The company has 18,000 employees and more than 70 buildings in the Bay area.@@@@1@14@@oe@2-2-2013
21915060@unknown@formal@none@1@S@One building in Palo Alto may be damaged beyond repair.@@@@1@10@@oe@2-2-2013
21915061@unknown@formal@none@1@S@Others had lesser damage and there were no injuries among workers.@@@@1@11@@oe@2-2-2013
21915062@unknown@formal@none@1@S@Damage will be "easily in the millions," the company said.@@@@1@10@@oe@2-2-2013
21915063@unknown@formal@none@1@S@HEXCEL Corp., Dublin, manufacturer of engineered parts, annual sales of $399 million, NYSE, had little damage beyond some phone trouble.@@@@1@20@@oe@2-2-2013
21915064@unknown@formal@none@1@S@HOMESTAKE MINING CO., San Francisco, gold and general miner, annual sales of $432.6 million, NYSE, said its headquarters was closed yesterday because of power failures and lack of water, but that it may reopen today.@@@@1@35@@oe@2-2-2013
21915065@unknown@formal@none@1@S@It expects any impact on its business to be slight.@@@@1@10@@oe@2-2-2013
21915066@unknown@formal@none@1@S@HOMESTEAD FINANCIAL CORP., Millbrae, financial services concern, annual revenue of $562 million, OTC, said three of its 17 Bay-area branches were closed yesterday.@@@@1@23@@oe@2-2-2013
21915067@unknown@formal@none@1@S@The company expects all branches to reopen today.@@@@1@8@@oe@2-2-2013
21915068@unknown@formal@none@1@S@INMAC CORP., Santa Clara, maker of computer accessories, annual sales of $250 million, OTC, said telephones were out at its headquarters but service should be restored by today.@@@@1@28@@oe@2-2-2013
21915069@unknown@formal@none@1@S@The company said it was doing a brisk business in computer power-surge protectors, cables and uninterruptable power sources.@@@@1@18@@oe@2-2-2013
21915070@unknown@formal@none@1@S@INTEL Corp., Santa Clara, semiconductor maker, annual sales of $2.87 billion, OTC, had some damage and few people were at work yesterday.@@@@1@22@@oe@2-2-2013
21915071@unknown@formal@none@1@S@INTERNATIONAL BUSINESS MACHINES Corp, Armonk, N.Y., maker of business machines, NYSE, said flooding caused by broken water pipes closed its San Jose plant, which makes high-end data-storage devices.@@@@1@28@@oe@2-2-2013
21915072@unknown@formal@none@1@S@The plant and its 8,500 employees gradually will resume operations over the next several days, the company said.@@@@1@18@@oe@2-2-2013
21915073@unknown@formal@none@1@S@Also closed yesterday were the company's Santa Teresa software-development lab and the Almaden research center.@@@@1@15@@oe@2-2-2013
21915074@unknown@formal@none@1@S@The concern's National Service Division opened a center for emergency service in Walnut Creek as part of its disaster-recovery plan.@@@@1@20@@oe@2-2-2013
21915075@unknown@formal@none@1@S@KAISER ALUMINUM & CHEMICAL, Oakland, metal and chemical maker, annual sales of $2.22 billion, had slight structural damage to its 28-story headquarters building and employees stayed home yesterday to allow crews to clean up.@@@@1@34@@oe@2-2-2013
21915076@unknown@formal@none@1@S@LOCKHEED CORP., Calabasas, aerospace and defense concern, annual sales of $10.59 billion, NYSE, said its Lockheed Missiles & Space division closed its Santa Cruz test facility because of power outages and landslides.@@@@1@32@@oe@2-2-2013
21915077@unknown@formal@none@1@S@The closing, affecting 266 employees, will continue at least until roads are cleared.@@@@1@13@@oe@2-2-2013
21915078@unknown@formal@none@1@S@It wasn't known to what extent, if any, the facility was damaged.@@@@1@12@@oe@2-2-2013
21915079@unknown@formal@none@1@S@It also wasn't known what the impact will be on the division's work, which includes the Navy's Trident submarine-based missile program and the Air Force's Strategic Defense Initiative.@@@@1@28@@oe@2-2-2013
21915080@unknown@formal@none@1@S@The division had only minor damage at its Sunnyvale headquarters and plant in Palo Altos, and no delays in deliveries are expected.@@@@1@22@@oe@2-2-2013
21915081@unknown@formal@none@1@S@LONGS DRUG STORES INC., Walnut Creek, drugstore chain, annual sales of $1.9 billion, NYSE, had only minor damage and only four of its 75 Bay-area stores, all in the Santa Cruz area, were closed.@@@@1@34@@oe@2-2-2013
21915082@unknown@formal@none@1@S@All are expected to reopen soon.@@@@1@6@@oe@2-2-2013
21915083@unknown@formal@none@1@S@LSI LOGIC CORP., Milpitas, maker of customized integrated circuits, annual sales of $550 million, NYSE, has halted manufacturing at its three plants in the area while they are inspected for structural damage.@@@@1@32@@oe@2-2-2013
21915084@unknown@formal@none@1@S@The company expects to resume full operations by today.@@@@1@9@@oe@2-2-2013
21915085@unknown@formal@none@1@S@R.H. MACY & Co., New York, retailer, annual sales of $7 billion, said there was minor damage to its 24 Macy stores and nine I. Magnin stores in the Bay area.@@@@1@31@@oe@2-2-2013
21915086@unknown@formal@none@1@S@MEASUREX CORP., Cupertino, maker of computer integrated manufacturing processes, annual sales of $265 million, NYSE, had only minor damage but workers spent most of yesterday cleaning up.@@@@1@27@@oe@2-2-2013
21915087@unknown@formal@none@1@S@NATIONAL SEMICONDUCTOR CORP., Santa Clara, semiconductor maker, annual sales of $1.65 billion, NYSE, said it had no major structural damage at its 30 Bay-area buildings, but two workers were injured.@@@@1@30@@oe@2-2-2013
21915088@unknown@formal@none@1@S@Production resumed yesterday.@@@@1@3@@oe@2-2-2013
21915089@unknown@formal@none@1@S@Piping in a waste-treatment plant needed immediate repairs.@@@@1@8@@oe@2-2-2013
21915090@unknown@formal@none@1@S@NORDSTROM INC., Seattle, retailer, annual sales $2.33 billion, OTC, five of this 59-store chain's nine stores in the Bay Area were closed yesterday, damage appears primarily cosmetic, hopes to reopen four of the stores by today and the fifth by Saturday.@@@@1@41@@oe@2-2-2013
21915091@unknown@formal@none@1@S@ORACLE SYSTEMS CORP., Belmont, provider of computer programming and software services, annual sales $584 million, four of 12 offices and buildings in the Belmont and San Mateo areas were closed, 95% of computer and telephone systems are operating, expects to be back to full operation by the end of the week.@@@@1@51@@oe@2-2-2013
21915092@unknown@formal@none@1@S@PACIFIC GAS & ELECTRIC CO., San Francisco, electric, gas and water supplier, annual sales $7.6 billion, some minor damage to headquarters, undetermined damage to four nearby substations, severe structural damage to a major power plant at Moss Landing, extensive damage to gas lines and electric lines, 400,000 residences without electricity and 69,000 without gas, cannot reconnect electricity until it is certain there are no gas leaks, no predictions on when this will happen.@@@@1@73@@oe@2-2-2013
21915093@unknown@formal@none@1@S@PACIFIC TELESIS GROUP, San Francisco, telecommunications holding company, annual sales of $9.5 billion, no damage to headquarters, but no power, the power failure has caused a delay in the release of the company's earnings report, major concern is subsidiaries, Pacific Bell and Pacific Telesis Cellular, both of which sustained damage to buildings, structural damage to several cellular sites in Santa Cruz, volume of calls on cellular phones 10 times the usual, causing a big slowdown.@@@@1@75@@oe@2-2-2013
21915094@unknown@formal@none@1@S@PROCTER & GAMBLE CO., Cincinnati-based company's Folgers Coffee plant in South San Francisco was closed following the earthquake, no injuries or major damage, other plants around country can make up for any lost production.@@@@1@34@@oe@2-2-2013
21915095@unknown@formal@none@1@S@QUANTUM CORP., Milpitas, manufactures rigid disc drives for small business computers, word processors, annual sales $120.8 million, OTC, open for business, minor structural damage.@@@@1@24@@oe@2-2-2013
21915096@unknown@formal@none@1@S@RAYCHEM CORP., Menlo Park, plastics manufacturer, annual sales $1 billion, no major damage and no production slowdown is anticipated.@@@@1@19@@oe@2-2-2013
21915097@unknown@formal@none@1@S@ROSS STORES INC., Newark, discount apparel chain, annual sales $576 million, two of 28 stores in Bay Area closed, both could open as early as today.@@@@1@26@@oe@2-2-2013
21915098@unknown@formal@none@1@S@SAFEWAY STORES INC., Oakland, retail food chain, annual sales of $13.6 billion, some structural damage to headquarters and no power; major problems transporting products to those stores that remained open; no numbers on how many stores closed.@@@@1@37@@oe@2-2-2013
21915099@unknown@formal@none@1@S@CHARLES SCHWAB & CO., San Francisco, discount brokerage firm, annual sales of $392 million, had only minor damage to headquarters building and was up and running for yesterday's market open.@@@@1@30@@oe@2-2-2013
21915100@unknown@formal@none@1@S@Firm will not, however, resume 24-hour service until power in city is restored.@@@@1@13@@oe@2-2-2013
21915101@unknown@formal@none@1@S@Office closed yesterday at 4:30 p.m. EDT.@@@@1@7@@oe@2-2-2013
21915102@unknown@formal@none@1@S@SEAGATE TECHNOLOGY, Scotts Valley, maker of hard disk drives for computers, annual sales of $1.37 billion, OTC, closed to assess what appeared to be minor damage to some of its 20 buildings.@@@@1@32@@oe@2-2-2013
21915103@unknown@formal@none@1@S@SOUTHERN PACIFIC TRANSPORTATION CO., San Francisco, railroad, annual sales of $2.41 billion, had only minor damage to headquarters and tracks, and expects to be fully operational tomorrow.@@@@1@27@@oe@2-2-2013
21915104@unknown@formal@none@1@S@St. Louis Southwestern Railway Co. unit halted all service Tuesday night but has since restored some freight lines and limited commuter service between San Francisco and San Jose.@@@@1@28@@oe@2-2-2013
21915105@unknown@formal@none@1@S@SUN MICROSYSTEMS INC., Mountain View, maker of desktop computers, annual sales $1.77 billion, OTC, no injured employees and very little damage to buildings.@@@@1@23@@oe@2-2-2013
21915106@unknown@formal@none@1@S@Closed yesterday due to power difficulties.@@@@1@6@@oe@2-2-2013
21915107@unknown@formal@none@1@S@TANDEM COMPUTERS INC., Cupertino, computer maker, annual sales of $1.6 billion, NYSE, said it had no significant damage and should be fully operational within a week.@@@@1@26@@oe@2-2-2013
21915108@unknown@formal@none@1@S@Many employees stayed home yesterday, but customer service was being maintained.@@@@1@11@@oe@2-2-2013
21915109@unknown@formal@none@1@S@TRANSAMERICA CORP., San Francisco, financial services and insurance company, annual sales of $7.9 billion, NYSE, said its headquarters, the well-known downtown pyramid-shaped building, was intact but closed yesterday.@@@@1@28@@oe@2-2-2013
21915110@unknown@formal@none@1@S@VARIAN ASSOCIATES INC., Palo Alto, instrumentation and semiconductor equipment company, annual sales of $1.3 billion, had only minor damage and no slowdowns were anticipated.@@@@1@24@@oe@2-2-2013
21915111@unknown@formal@none@1@S@VLSI TECHNOLOGY INC., San Jose, maker of semiconductor products, annual sales $171.9 million, OTC, minimal damage to facilities, no injuries, expected operations to return to normal late yesterday.@@@@1@28@@oe@2-2-2013
21915112@unknown@formal@none@1@S@WATKINS-JOHNSON CO., defense-oriented electronics manufacturer, annual sales $292 million, NYSE, minor damage to headquarters and plant in Palo Alto, no damage to San Jose plant, "still assessing" damage at Scotts Valley plant, where main product is furnaces for semiconductor production.@@@@1@40@@oe@2-2-2013
21915113@unknown@formal@none@1@S@WELLS FARGO & CO., San Francisco, bank holding company, annual revenue $4.9 billion, NYSE, minor damage at headquarters, 12 branches out of 170 in Northern California sustained structural damage that will preclude them from opening in the near future, 45 locations with at least one automatic teller machine inoperable, central computer systems are operating, no injuries.@@@@1@56@@oe@2-2-2013
21915114@unknown@formal@none@1@S@WYSE TECHNOLOGY INC., San Jose, maker of video display terminals and workstations and IBM/PC compatible computers, annual sales of $452 million, slight structural damage at headquarters, no injuries, expects to be back to full operation today.@@@@1@36@@oe@2-2-2013
21915115@unknown@formal@none@1@S@3COM CORP., Santa Clara, maker of computer communications systems, annual sales of $386 million, OTC, slight structural damage to headquarters, communications systems already fully operational.@@@@1@25@@oe@2-2-2013
21916001@unknown@formal@none@1@S@Could the collapse of I-880 have been prevented?@@@@1@8@@oe@2-2-2013
21916002@unknown@formal@none@1@S@That was the question structural engineers and California transportation officials were asking themselves yesterday as rescue workers began the gruesome task of trying to extract as many as 250 victims from beneath the concrete slabs of the double-deck Nimitz Freeway in Oakland that caved in during Tuesday's temblor.@@@@1@48@@oe@2-2-2013
21916003@unknown@formal@none@1@S@After touring the area, California Gov. George Deukmejian late yesterday called for an inquiry into the freeway's collapse, blaming the disaster on substandard construction, the Associated Press reported.@@@@1@28@@oe@2-2-2013
21916004@unknown@formal@none@1@S@The impact of the destruction of this 2.5-mile stretch of highway was tragically measured in lost lives.@@@@1@17@@oe@2-2-2013
21916005@unknown@formal@none@1@S@But there are other long-term effects that raise serious questions about the ability of California's infrastructure to withstand a major temblor.@@@@1@21@@oe@2-2-2013
21916006@unknown@formal@none@1@S@It could easily be two years before the well-traveled artery that helps connect Oakland with San Francisco is reopened, and the cost to build a new stretch of highway could soar to more than $250 million, said Charles J. O'Connell, deputy district director in Los Angeles of the California Department of Transportation, nicknamed Caltrans.@@@@1@54@@oe@2-2-2013
21916007@unknown@formal@none@1@S@Caltrans in Sacramento said total damage from the collapsed highway is estimated at around $500 million.@@@@1@16@@oe@2-2-2013
21916008@unknown@formal@none@1@S@The aftershocks of the highway tragedy are reverberating in Los Angeles as well, as local politicians spoke yesterday against plans to bring double-decking to Los Angeles freeways by 1994.@@@@1@29@@oe@2-2-2013
21916009@unknown@formal@none@1@S@Caltrans plans to add a second deck for buses and car pools above the median of a 2.5-mile stretch of the Harbor Freeway just south of Los Angeles, near the Memorial Coliseum.@@@@1@32@@oe@2-2-2013
21916010@unknown@formal@none@1@S@Los Angeles County Supervisor Kenneth Hahn yesterday vowed to fight the introduction of double-decking in the area.@@@@1@17@@oe@2-2-2013
21916011@unknown@formal@none@1@S@Caltrans abandoned double-decking in the early 1970s, following the 1971 Sylmar earthquake that destroyed freeway sections just north of Los Angeles, Mr. O'Connell explained.@@@@1@24@@oe@2-2-2013
21916012@unknown@formal@none@1@S@That temblor measured 6.1 on the Richter scale; Tuesday's was@@@@1@10@@oe@2-2-2013
21916013@unknown@formal@none@1@S@So why even consider stacking freeways now?@@@@1@7@@oe@2-2-2013
21916014@unknown@formal@none@1@S@"We've run out of places to build freeways in L.A., and the only place to go is up," Mr. O'Connell said, although he acknowledges there are many obstacles, including cost.@@@@1@30@@oe@2-2-2013
21916015@unknown@formal@none@1@S@But as for safety, he says double-deck freeways built today with the heavily reinforced concrete and thicker columns required after the Sylmar quake should withstand a calamitous temblor of 7.5 to 8 on the Richter scale.@@@@1@36@@oe@2-2-2013
21916016@unknown@formal@none@1@S@Reasons for the collapse of the Nimitz Freeway were sketchy yesterday.@@@@1@11@@oe@2-2-2013
21916017@unknown@formal@none@1@S@But most structural engineers attributed the destruction to improper reinforcement of the columns that supported the decks, and the fact that the ground beneath the highway is largely landfill and can become unstable, or "liquefy," in a major quake.@@@@1@39@@oe@2-2-2013
21916018@unknown@formal@none@1@S@The two-story roadway, designed in the mid-1940s and completed in 1957, was supported by columns that apparently lacked the kind of steel reinforcement used in highways today.@@@@1@27@@oe@2-2-2013
21916019@unknown@formal@none@1@S@While the pillars did have long metal bars running vertically through them for reinforcement, they apparently lacked an adequate number of metal "ties" that run horizontally through the column, said Leo Parker, a structural engineer in Los Angeles.@@@@1@38@@oe@2-2-2013
21916020@unknown@formal@none@1@S@Caltrans today uses a variation of the design Mr. Parker describes, with spiraling steel rods inside.@@@@1@16@@oe@2-2-2013
21916021@unknown@formal@none@1@S@But in the case of the Nimitz Freeway, the lack of such support caused the core of the columns to crumble and buckle under the weight of the second deck, crushing motorists who were lined up in bumper-to-bumper rush-hour traffic on the lower deck nearly 15 feet below.@@@@1@48@@oe@2-2-2013
21916022@unknown@formal@none@1@S@Officials of the state agency didn't have any immediate explanation why the reinforcement didn't hold up.@@@@1@16@@oe@2-2-2013
21916023@unknown@formal@none@1@S@Caltrans reinforced the highway in 1977 as part of a $55 million statewide project, using steel cables to tie the decks of the freeway to the columns and prevent the structure from swaying in a quake.@@@@1@36@@oe@2-2-2013
21916024@unknown@formal@none@1@S@Caltrans spokesman Jim Drago in Sacramento declined to identify the engineering firm that did the reinforcement work.@@@@1@17@@oe@2-2-2013
21916025@unknown@formal@none@1@S@Liability in the bridge and road collapses will revolve around whether government took "reasonable care" to build and maintain the structures, says John Messina, a Tacoma, Wash., personal-injury attorney who specializes in highway design and maintenance cases.@@@@1@37@@oe@2-2-2013
21916026@unknown@formal@none@1@S@The firm brought in to strengthen the structure could be liable as well.@@@@1@13@@oe@2-2-2013
21916027@unknown@formal@none@1@S@The results of the quake certainly raise questions about whether reasonable care was taken, Mr. Messina says.@@@@1@17@@oe@2-2-2013
21916028@unknown@formal@none@1@S@Given the seismic history of the Bay Area, "it seems to me that a 6.9 earthquake is a foreseeable event."@@@@1@20@@oe@2-2-2013
21916029@unknown@formal@none@1@S@Caltrans' Mr. Drago defended the agency's work on the Nimitz Freeway.@@@@1@11@@oe@2-2-2013
21916030@unknown@formal@none@1@S@"The work was done properly," he said.@@@@1@7@@oe@2-2-2013
21916031@unknown@formal@none@1@S@"Basically, we had a severe earthquake of significant duration and it was just something the structure couldn't withstand."@@@@1@18@@oe@2-2-2013
21916032@unknown@formal@none@1@S@Ironically, Caltrans this year began working on a second round of seismic reinforcements of freeways around the state, this time wrapping freeway columns in "steel blankets" to reinforce them.@@@@1@29@@oe@2-2-2013
21916033@unknown@formal@none@1@S@But only bridges supported with single rows of columns were top priority, and the Nimitz Freeway, supported by double rows, was left out, Mr. Drago explained.@@@@1@26@@oe@2-2-2013
21916034@unknown@formal@none@1@S@"The reason is that the technology is such that we're not able to retrofit multi-column structures," he said.@@@@1@18@@oe@2-2-2013
21916035@unknown@formal@none@1@S@Charles McCoy in San Francisco and John R. Emshwiller in Los Angeles contributed to this article.@@@@1@16@@oe@2-2-2013
21917001@unknown@formal@none@1@S@Lionel Corp.'s board unanimously rejected a tender offer of $8 a share, or $95.4 million, for as much as 90% of Lionel by a group with a 9.9% stake in the toy retailer.@@@@1@33@@oe@2-2-2013
21917002@unknown@formal@none@1@S@Lionel also urged holders of its stock and debt not to tender their securities, saying it wants to remain independent to pursue its business strategy.@@@@1@25@@oe@2-2-2013
21917003@unknown@formal@none@1@S@Lionel also said the offer by Robert I. Toussie Limited Partnership is inadequate, and full of conditions that leave it "subject to substantial uncertainty."@@@@1@24@@oe@2-2-2013
21917004@unknown@formal@none@1@S@In addition, Lionel began a lawsuit in federal District Court in New York seeking to enjoin the offer, alleging, among other things, violations of federal securities law and fraudulent manipulation of the market for Lionel's securities.@@@@1@36@@oe@2-2-2013
21917005@unknown@formal@none@1@S@Robert I. Toussie, general partner of the investment group, said the Lionel response reflected management's entrenched position, saying officials had failed to come up with a better alternative to his group's offer.@@@@1@32@@oe@2-2-2013
21917006@unknown@formal@none@1@S@Mr. Toussie said he would respond to Lionel's suit after his lawyers review it.@@@@1@14@@oe@2-2-2013
21918001@unknown@formal@none@1@S@Efforts by a federal mediator to reignite talks between Boeing Co. and the Machinists union apparently failed, and no further meetings are scheduled.@@@@1@23@@oe@2-2-2013
21918002@unknown@formal@none@1@S@Company officials and union representatives didn't meet face to face, but the mediator shuttled between the two groups.@@@@1@18@@oe@2-2-2013
21918003@unknown@formal@none@1@S@In a statement issued after the meeting, the aerospace giant said it won't increase its offer although adjustments within the proposed pay-and-benefit mix are possible.@@@@1@25@@oe@2-2-2013
21918004@unknown@formal@none@1@S@Machinists already have rejected a proposal that called for a 4% pay increase and 8% bonus in the first year.@@@@1@20@@oe@2-2-2013
21918005@unknown@formal@none@1@S@In the second year, workers would receive a 3% wage boost and a 3% bonus, followed by a 3% increase without a bonus in the third year.@@@@1@27@@oe@2-2-2013
21918006@unknown@formal@none@1@S@"The company will not budge on anything," said a spokesman for the union.@@@@1@13@@oe@2-2-2013
21918007@unknown@formal@none@1@S@As the strike enters its 15th day today, some members are getting nervous, the spokesman conceded, but the majority of the 55,000 Machinists are prepared to "wait it out as long as it takes.@@@@1@34@@oe@2-2-2013
21919001@unknown@formal@none@1@S@United Merchants & Manufacturers Inc. said its president, Uzi Ruskin, withdrew his proposal to acquire control of the New York textile and clothing company.@@@@1@24@@oe@2-2-2013
21919002@unknown@formal@none@1@S@Last month, Mr. Ruskin proposed, among other things, to buy 3.5 million shares, or 38%, for $4 apiece.@@@@1@18@@oe@2-2-2013
21919003@unknown@formal@none@1@S@Coupled with his current 1.2 million shares and 4% held by an associate, the stake would have given him control of 55% of the concern.@@@@1@25@@oe@2-2-2013
21919004@unknown@formal@none@1@S@In a Securities and Exchange Commission filing, Mr. Ruskin had said that holders of the other 45% of United Merchants would receive one-half share of a new preferred stock for each of their shares.@@@@1@34@@oe@2-2-2013
21919005@unknown@formal@none@1@S@A special committee of United Merchants directors said that in view of uncertainties regarding various legal and financial considerations, it couldn't recommend the plan to the full board.@@@@1@28@@oe@2-2-2013
21919006@unknown@formal@none@1@S@The company is exploring, with a major financial institution, the development of a plan to boost the value of the company for its holders, Mr. Ruskin said.@@@@1@27@@oe@2-2-2013
21919007@unknown@formal@none@1@S@In a separate SEC filing, Albert Safer, who holds 6.46% of United Merchants, said he retained investment bank Lazard Freres & Co. for advice as he evaluates the possibility of making a bid for the textile maker.@@@@1@37@@oe@2-2-2013
21919008@unknown@formal@none@1@S@On Friday, Mr. Safer, a Newark, N.J., textile businessman, signed a confidentiality agreement under which United Merchants would provide him with nonpublic information.@@@@1@23@@oe@2-2-2013
21920001@unknown@formal@none@1@S@The White House is making sure nobody will accuse it of taking this crisis lightly.@@@@1@15@@oe@2-2-2013
21920002@unknown@formal@none@1@S@In the aftermath of the California earthquake, President Bush and his aides flew into a whirlwind of earthquake-related activity yesterday morning.@@@@1@21@@oe@2-2-2013
21920003@unknown@formal@none@1@S@Some of it was necessary to get federal help flowing to victims, but some seemed designed mostly to project an image of a White House in action.@@@@1@27@@oe@2-2-2013
21920004@unknown@formal@none@1@S@Mr. Bush and his aides were accused of responding too slowly after the Exxon Valdez oil tanker split open in Alaskan waters and Hurricane Hugo struck the Carolina coast, and they clearly don't want a repeat of those charges now.@@@@1@40@@oe@2-2-2013
21920005@unknown@formal@none@1@S@So the White House announced that Mr. Bush got his first earthquake briefing of the day at 6:30 a.m. from chief of staff John Sununu.@@@@1@25@@oe@2-2-2013
21920006@unknown@formal@none@1@S@By noon, Mr. Bush had taken two phone calls from Vice President Dan Quayle, who was in California; made a televised statement of concern; signed a disaster proclamation; received a written report from the Federal Emergency Management Agency; and visited FEMA headquarters.@@@@1@42@@oe@2-2-2013
21920007@unknown@formal@none@1@S@Mr. Bush himself essentially acknowledged that he and his aides were trying to head off criticism.@@@@1@16@@oe@2-2-2013
21920008@unknown@formal@none@1@S@On his FEMA visit, Mr. Bush said that he hoped there would be "less carping" about the emergency office's performance this time, adding that the agency "took a hit" for its reaction to Hurricane Hugo.@@@@1@35@@oe@2-2-2013
21920009@unknown@formal@none@1@S@The White House already is talking of Mr. Bush visiting the California earthquake site this weekend.@@@@1@16@@oe@2-2-2013
21920010@unknown@formal@none@1@S@He visited the Hugo devastation but not until after local leaders urged him to do so.@@@@1@16@@oe@2-2-2013
21921001@unknown@formal@none@1@S@Beazer PLC, a major British building materials and construction concern, reported a 24% jump in pretax profit for its latest financial year, helped largely by contributions from its U.S. unit, Koppers Co.@@@@1@32@@oe@2-2-2013
21921002@unknown@formal@none@1@S@Pretax profit for the year to June 30 rose to #142.5 million ($224.5 million) from #114.7 million ($180.7 million), broadly matching analysts' expectations.@@@@1@23@@oe@2-2-2013
21921003@unknown@formal@none@1@S@Profit after taxes and minority interests but before extraordinary items increased 22% to #92.6 million from #75.6 million a year earlier, while fully diluted earnings per share rose to 29.90 pence (47 cents) from 24.68 pence (39 cents).@@@@1@38@@oe@2-2-2013
21922001@unknown@formal@none@1@S@The lethal shudders that wracked the San Francisco Bay Area -- rated a 6.9 on the Richter scale -- didn't match the great earthquake of 1906, rated at 8.25.@@@@1@29@@oe@2-2-2013
21922002@unknown@formal@none@1@S@The difference of just 1.35 points on the scale, designed by Charles Richter of CalTech in the 1930s, means the older quake was "10 to 20 times stronger," says Lane Johnson, director of the University of California Berkeley Seismographic Station.@@@@1@40@@oe@2-2-2013
21922003@unknown@formal@none@1@S@The ground ruptured along a 20-to-30-mile stretch of the San Andreas Fault on Tuesday, Mr. Johnson added.@@@@1@17@@oe@2-2-2013
21922004@unknown@formal@none@1@S@In 1906, the rupture was 300 miles long and a couple feet wide.@@@@1@13@@oe@2-2-2013
21922005@unknown@formal@none@1@S@Though the epicenter of Tuesday's temblor was located 10 miles north of the town of Santa Cruz, and 50 miles south of San Francisco, its havoc hopscotched up the coast in seemingly random fashion.@@@@1@34@@oe@2-2-2013
21922006@unknown@formal@none@1@S@But the greatest damage was visited on buildings and roadways perched upon landfill, as were the Marina District of San Francisco and the Bay Bridge -- two areas of maximum devastation.@@@@1@31@@oe@2-2-2013
21922007@unknown@formal@none@1@S@"Landfill -- loose and unconsolidated earth -- may feel like rock but it behaves like liquid when you shake it," said Douglas Segar, professor of geosciences at San Francisco State University in a televised interview.@@@@1@35@@oe@2-2-2013
21922008@unknown@formal@none@1@S@"It liquefies in a patchwork quilt pattern.@@@@1@7@@oe@2-2-2013
21922009@unknown@formal@none@1@S@Our quake behaved much like the Mexico City earthquake, where great damage was miles from the epicenter."@@@@1@17@@oe@2-2-2013
21922010@unknown@formal@none@1@S@Mr. Johnson, of the Berkeley seismographic station, said: "Landfill can be done if it's properly compacted.@@@@1@16@@oe@2-2-2013
21922011@unknown@formal@none@1@S@You can drive piles on it and build on it."@@@@1@10@@oe@2-2-2013
21922012@unknown@formal@none@1@S@He cited the example of San Francisco's financial district, where many new glass towers survived almost unscathed.@@@@1@17@@oe@2-2-2013
21922013@unknown@formal@none@1@S@But the public policy issues raised by earthquake damage will be difficult to address, Mr. Johnson predicted.@@@@1@17@@oe@2-2-2013
21922014@unknown@formal@none@1@S@"The attention span of the public is short," he said.@@@@1@10@@oe@2-2-2013
21922015@unknown@formal@none@1@S@"We've known for years and years we've got lots of old {pre-1950s} unreinforced brick and masonry buildings."@@@@1@17@@oe@2-2-2013
21922016@unknown@formal@none@1@S@One old building, the Golden State Bank Building on Front Street, had its yellow brick facade sheared off by the shock of the quake, leaving a wedge of its third floor open to the air, while piles of dusty bricks tumbled to the street below narrowly missing rush-hour pedestrians and cars.@@@@1@51@@oe@2-2-2013
21922017@unknown@formal@none@1@S@Reinforcing such old building stock, Mr. Johnson said, "comes down to money.@@@@1@12@@oe@2-2-2013
21922018@unknown@formal@none@1@S@It's a danger.@@@@1@3@@oe@2-2-2013
21922019@unknown@formal@none@1@S@We know it's there.@@@@1@4@@oe@2-2-2013
21922020@unknown@formal@none@1@S@And sooner or later, we have to do something about it."@@@@1@11@@oe@2-2-2013
21922021@unknown@formal@none@1@S@The urgency is heightened because this week's earthquake -- while major and followed by hundreds of aftershocks -- didn't release enough pent-up energy tension along the faultlines to preclude more and bigger quakes soon.@@@@1@34@@oe@2-2-2013
21922022@unknown@formal@none@1@S@"The big one is still due," Mr. Johnson predicted in an interview.@@@@1@12@@oe@2-2-2013
21922023@unknown@formal@none@1@S@"The Bay Area has three very dangerous faults, the San Andreas, the Hayward fault and the Calaveras fault.@@@@1@18@@oe@2-2-2013
21922024@unknown@formal@none@1@S@It {Tuesday's quake} hasn't solved our problem.@@@@1@7@@oe@2-2-2013
21922025@unknown@formal@none@1@S@In California, this is the reality.@@@@1@6@@oe@2-2-2013
21923001@unknown@formal@none@1@S@Coca-Cola Co. may be about to intensify the cola wars.@@@@1@10@@oe@2-2-2013
21923002@unknown@formal@none@1@S@Coke said it will test market a caffeine-free version of its flagship brand, Coca-Cola Classic, beginning next week in Charlotte, N.C.@@@@1@21@@oe@2-2-2013
21923003@unknown@formal@none@1@S@Other, as yet unnamed, cities will follow.@@@@1@7@@oe@2-2-2013
21923004@unknown@formal@none@1@S@If all goes well, the product will be rolled out for national sales sometime next year, a Coke spokesman said.@@@@1@20@@oe@2-2-2013
21923005@unknown@formal@none@1@S@After the confusion surrounding the change of the Coke formula in 1985, Coca-Cola was reluctant to clutter the Classic name with a brand extension.@@@@1@24@@oe@2-2-2013
21923006@unknown@formal@none@1@S@But now, the soft-drink giant appears willing to take the risk.@@@@1@11@@oe@2-2-2013
21923007@unknown@formal@none@1@S@"The name Classic Coke has tremendous value, and they haven't merchandised that name before," says Jesse Meyers, publisher of the trade journal Beverage Digest.@@@@1@24@@oe@2-2-2013
21923008@unknown@formal@none@1@S@The Coke spokesman said a caffeine-free Classic should help increase volume of the original brand.@@@@1@15@@oe@2-2-2013
21923009@unknown@formal@none@1@S@Indeed, analysts have said that the absence of new products, among other factors, has limited sales growth throughout the industry.@@@@1@20@@oe@2-2-2013
21923010@unknown@formal@none@1@S@Coke now leads Pepsi in market share in caffeine-free diet colas but trails Pepsi in sales of caffeine-free sugared colas, according to Beverage Digest.@@@@1@24@@oe@2-2-2013
21923011@unknown@formal@none@1@S@Coke introduced a caffeine-free sugared cola based on its original formula in 1983.@@@@1@13@@oe@2-2-2013
21923012@unknown@formal@none@1@S@It switched to a caffeine-free formula using its new Coke in 1985.@@@@1@12@@oe@2-2-2013
21923013@unknown@formal@none@1@S@Coke has been studying the possibility of introducing a caffeine-free Classic for a year, a company spokesman said.@@@@1@18@@oe@2-2-2013
21923014@unknown@formal@none@1@S@He said large increases in sales of other non-caffeine soft drinks make the timing right now.@@@@1@16@@oe@2-2-2013
21924001@unknown@formal@none@1@S@CALIFORNIA STRUGGLED with the aftermath of a Bay area earthquake.@@@@1@10@@oe@2-2-2013
21924002@unknown@formal@none@1@S@As aftershocks shook the San Francisco Bay area, rescuers searched through rubble for survivors of Tuesday's temblor, and residents picked their way through glass-strewn streets.@@@@1@25@@oe@2-2-2013
21924003@unknown@formal@none@1@S@In Oakland, hopes faded for finding any more survivors within the concrete and steel from the collapse of an interstate highway.@@@@1@21@@oe@2-2-2013
21924004@unknown@formal@none@1@S@At least 270 people were reported killed and 1,400 injured in the rush-hour tremor that caused billions of dollars of damage along 100 miles of the San Andreas fault.@@@@1@29@@oe@2-2-2013
21924005@unknown@formal@none@1@S@Bush declared the region a major disaster area and the military was mobilized to prevent looting.@@@@1@16@@oe@2-2-2013
21924006@unknown@formal@none@1@S@The baseball commissioner said the third game of the World Series between the Giants and the Athletics would be played Tuesday in Candlestick Park.@@@@1@24@@oe@2-2-2013
21924007@unknown@formal@none@1@S@HONECKER WAS OUSTED as leader of East Germany amid growing unrest.@@@@1@11@@oe@2-2-2013
21924008@unknown@formal@none@1@S@The 77-year-old official, who oversaw the building of the Berlin Wall, was removed during a meeting of the 163-member Communist Party Central Committee in East Berlin.@@@@1@26@@oe@2-2-2013
21924009@unknown@formal@none@1@S@Honecker, who was reported ill following gall-bladder surgery in August, said he was resigning for health reasons.@@@@1@17@@oe@2-2-2013
21924010@unknown@formal@none@1@S@He was succeeded by internal-security chief Egon Krenz, 52, a hard-liner who quickly ruled out any sharing of power with pro-democracy groups.@@@@1@22@@oe@2-2-2013
21924011@unknown@formal@none@1@S@Honecker's departure came after weeks of street protests and an exodus to the West of East Germans who had become disenchanted with his rule.@@@@1@24@@oe@2-2-2013
21924012@unknown@formal@none@1@S@HUNGARY ADOPTED constitutional changes to form a democratic system.@@@@1@9@@oe@2-2-2013
21924013@unknown@formal@none@1@S@At a nationally televised legislative session in Budapest, the Parliament overwhelmingly approved changes formally ending one-party domination in the country, regulating free elections by next summer and establishing the office of state president to replace a 21-member council.@@@@1@38@@oe@2-2-2013
21924014@unknown@formal@none@1@S@The country was renamed the Republic of Hungary.@@@@1@8@@oe@2-2-2013
21924015@unknown@formal@none@1@S@Like other Soviet bloc nations, it had been known as a "people's republic" since@@@@1@14@@oe@2-2-2013
21924016@unknown@formal@none@1@S@The voting for new laws followed dissolution of Hungary's Communist Party this month and its replacement by a Western-style Socialist Party.@@@@1@21@@oe@2-2-2013
21924017@unknown@formal@none@1@S@The space shuttle Atlantis blasted into orbit from Cape Canaveral, Fla., and its crew of five astronauts launched the nuclear-powered Galileo space probe on a flight to the planet Jupiter.@@@@1@30@@oe@2-2-2013
21924018@unknown@formal@none@1@S@The $1.4 billion robot spacecraft's exploratory mission is to take six years.@@@@1@12@@oe@2-2-2013
21924019@unknown@formal@none@1@S@The shuttle is slated to return Monday to California.@@@@1@9@@oe@2-2-2013
21924020@unknown@formal@none@1@S@South Korea's President Roh addressed a joint House-Senate meeting and urged patience over U.S. demands for the opening of Seoul's markets to more American goods, saying trade issues would be "resolved to mutual satisfaction."@@@@1@34@@oe@2-2-2013
21924021@unknown@formal@none@1@S@He also said tragic results could follow any "hint of weakening" of the U.S. defense commitment to Seoul.@@@@1@18@@oe@2-2-2013
21924022@unknown@formal@none@1@S@The Census Bureau reported that 13.1% of the U.S. population, or 31.9 million people, were living in poverty in 1988.@@@@1@20@@oe@2-2-2013
21924023@unknown@formal@none@1@S@Last year's figure was down from 13.4% in 1987 and marked the fifth consecutive annual decline in the poverty rate.@@@@1@20@@oe@2-2-2013
21924024@unknown@formal@none@1@S@Per capita income rose 1.7% to $13,120, but median family income fell 0.2%.@@@@1@13@@oe@2-2-2013
21924025@unknown@formal@none@1@S@The Bush administration accused Israeli Prime Minister Shamir of hindering peace efforts in the Mideast with "unhelpful" and disappointing statements.@@@@1@20@@oe@2-2-2013
21924026@unknown@formal@none@1@S@Shamir said Tuesday that he was prepared to risk a policy conflict with the U.S. over an Egyptian plan to hold direct Israeli-Palestinian talks, which the premier's Likud bloc opposes.@@@@1@30@@oe@2-2-2013
21924027@unknown@formal@none@1@S@Cuba was elected to the U.N. Security Council for the first time since its Castro-led revolution 30 years ago.@@@@1@19@@oe@2-2-2013
21924028@unknown@formal@none@1@S@The election was by secret ballot in the General Assembly.@@@@1@10@@oe@2-2-2013
21924029@unknown@formal@none@1@S@The U.S. didn't openly oppose Cuba's seating as the Latin American council delegate.@@@@1@13@@oe@2-2-2013
21924030@unknown@formal@none@1@S@Britain's Prime Minister Thatcher told a Commonwealth summit in Kuala Lumpur, Malaysia, that sanctions against South Africa were "utterly irresponsible," officials said.@@@@1@22@@oe@2-2-2013
21924031@unknown@formal@none@1@S@But other nations at the opening of the 49-nation meeting of Britain and its former colonies pressed for continued or stronger embargoes in an effort to end apartheid.@@@@1@28@@oe@2-2-2013
21924032@unknown@formal@none@1@S@Arab officials in Saudi Arabia said three-week-old talks by Lebanese lawmakers aimed at ending Lebanon's civil war appeared about to collapse.@@@@1@21@@oe@2-2-2013
21924033@unknown@formal@none@1@S@Christian legislators are insisting on a Syrian troop pullout from Lebanon before agreeing to political changes giving the nation's Moslems a greater role in Beirut's government.@@@@1@26@@oe@2-2-2013
21924034@unknown@formal@none@1@S@Colombia's judges launched a 72-hour strike to press security demands following Tuesday's murder of a High Court justice in Medellin.@@@@1@20@@oe@2-2-2013
21924035@unknown@formal@none@1@S@The country's narcotics traffickers claimed responsibility for the slaying.@@@@1@9@@oe@2-2-2013
21924036@unknown@formal@none@1@S@Most of the country's 20,000 judges and judicial employees joined the work stoppage.@@@@1@13@@oe@2-2-2013
21925001@unknown@formal@none@1@S@Charles S. Mitchell, a vice president with Homart Development Co., the real estate development subsidiary of Sears, Roebuck & Co., was named president of Figgie Properties, a real estate development unit.@@@@1@31@@oe@2-2-2013
21925002@unknown@formal@none@1@S@He succeeds William Kohut, who resigned earlier this year.@@@@1@9@@oe@2-2-2013
21925003@unknown@formal@none@1@S@Also, Richard A. Barkley, a former marketing executive with FMC Corp., was appointed president of Continental Container Systems, a producer of can closing machinery that Figgie acquired late last year.@@@@1@30@@oe@2-2-2013
21925004@unknown@formal@none@1@S@Figgie is a fire protection, electronics and industrial products concern.@@@@1@10@@oe@2-2-2013
21926001@unknown@formal@none@1@S@Dow Chemical Co. said third-quarter net income slipped 6.8% from a record year-ago quarter.@@@@1@14@@oe@2-2-2013
21926002@unknown@formal@none@1@S@The decline broke a streak of 10 quarters in which Dow posted earnings increases.@@@@1@14@@oe@2-2-2013
21926003@unknown@formal@none@1@S@Dow's third-quarter net fell to $589 million, or $3.29 a share, from $632 million, or $3.36 a share, a year ago.@@@@1@21@@oe@2-2-2013
21926004@unknown@formal@none@1@S@Sales in the latest quarter rose 2% to $4.25 billion from $4.15 billion a year earlier.@@@@1@16@@oe@2-2-2013
21926005@unknown@formal@none@1@S@Dow closed at $94.625 a share, up 75 cents, in New York Stock Exchange composite trading.@@@@1@16@@oe@2-2-2013
21926006@unknown@formal@none@1@S@A spokeswoman said Dow is comfortable with Wall Street expectations that full-year earnings will total about $14.60 a share, compared with last year's record net of $2.4 billion, or $12.76 a share.@@@@1@32@@oe@2-2-2013
21926007@unknown@formal@none@1@S@But that signal on full-year profit casts doubt on whether Dow will improve on its year-ago fourth-quarter net of $3.44 a share, or $635 million.@@@@1@25@@oe@2-2-2013
21926008@unknown@formal@none@1@S@Dow would earn $14.85 a share for the year if it equaled that year-ago fourth-quarter performance.@@@@1@16@@oe@2-2-2013
21926009@unknown@formal@none@1@S@Dow officials were signaling that the company would earn less than $15 a share this year even before they announced in July a plan to acquire 67% of Marion Laboratories Inc.@@@@1@31@@oe@2-2-2013
21926010@unknown@formal@none@1@S@That acquisition could further dilute earnings per share this year, the company spokeswoman said.@@@@1@14@@oe@2-2-2013
21926011@unknown@formal@none@1@S@Dow hasn't said exactly what impact the Marion acquisition will have on 1989 earnings.@@@@1@14@@oe@2-2-2013
21926012@unknown@formal@none@1@S@Dow blamed the third-quarter earnings drop on several factors, including softer prices for polyethylene and other basic chemicals, a slower U.S. economy and a stronger dollar, which made Dow's exports from the U.S. more expensive to overseas customers.@@@@1@38@@oe@2-2-2013
21926013@unknown@formal@none@1@S@Another problem was a 7% increase in operating costs at a time when revenue was rising by only 2%.@@@@1@19@@oe@2-2-2013
21926014@unknown@formal@none@1@S@For the first nine months of the year, Dow earned $2.06 billion, or $11.41 a share, up 17% from $1.76 billion, or $9.32 a share, a year ago.@@@@1@28@@oe@2-2-2013
21926015@unknown@formal@none@1@S@Sales for the latest nine months rose 7.7% to $13.34 billion from $12.38 billion in the year-ago period.@@@@1@18@@oe@2-2-2013
21927001@unknown@formal@none@1@S@Whether or not "great cases make bad-law" -- as Justice Holmes asserted -- who can doubt that when great confirmation hearings turn on the nominee's response to these great cases they make bad judicial history?@@@@1@35@@oe@2-2-2013
21927002@unknown@formal@none@1@S@Ethan Bronner's "Battle for Justice: How the Bork Nomination Shook America" (Norton, 399 pages, $22.50) is a spirited narrative of the nastiest of these hearings, done with journalistic verve, but with a flawed legal philosophy.@@@@1@35@@oe@2-2-2013
21927003@unknown@formal@none@1@S@While the book amply justifies its subtitle, the title itself is dubious.@@@@1@12@@oe@2-2-2013
21927004@unknown@formal@none@1@S@What shook America was not a battle for justice but for naked power, in which an army of judicial activists rolled over a judge they had demonized.@@@@1@27@@oe@2-2-2013
21927005@unknown@formal@none@1@S@In its basic structure and style the book is novelistic, with piquant character portrayal, hard-wire action and devious intrigue of the sort more likely to be encountered in a Washington docudrama than in a constitutional history.@@@@1@36@@oe@2-2-2013
21927006@unknown@formal@none@1@S@Mr. Bronner seems to believe that the hearings could have gone either way.@@@@1@13@@oe@2-2-2013
21927007@unknown@formal@none@1@S@I doubt that.@@@@1@3@@oe@2-2-2013
21927008@unknown@formal@none@1@S@Given Democratic frustration with the Reagan victories and Court appointments, the contingency plans in place, and Mr. Bork's paper trail of vulnerable writings, it was pretty clear that Judge Bork never stood much chance of being confirmed.@@@@1@37@@oe@2-2-2013
21927009@unknown@formal@none@1@S@As Mr. Bronner himself says, the smell of "raw meat" was in the air.@@@@1@14@@oe@2-2-2013
21927010@unknown@formal@none@1@S@Perhaps because they won, Mr. Bork's attackers come through more vividly than his defenders.@@@@1@14@@oe@2-2-2013
21927011@unknown@formal@none@1@S@Ralph Neas was the organizing genius, whipping a conglomerate of pressure groups into an irresistible attacking force.@@@@1@17@@oe@2-2-2013
21927012@unknown@formal@none@1@S@Harvard's Laurence Tribe was the constitutional heavy, laying out legal strategies for the senators and witnesses to follow.@@@@1@18@@oe@2-2-2013
21927013@unknown@formal@none@1@S@But it was Ted Kennedy who scored most effectively with his searing portrayal of "Robert Bork's America" -- the parade of imaginary horribles that would follow logically, he claimed, from the positions Mr. Bork had taken over the space of two decades.@@@@1@42@@oe@2-2-2013
21927014@unknown@formal@none@1@S@Sen. Kennedy, never mind his dubious credentials for the moral high ground, emoted brilliantly.@@@@1@14@@oe@2-2-2013
21927015@unknown@formal@none@1@S@I add two others.@@@@1@4@@oe@2-2-2013
21927016@unknown@formal@none@1@S@Republican Sen. Arlen Specter of Pennsylvania engaged the nominee in a verbal contest aimed at showing that Mr. Bork was willing to stretch the Constitution in one area (free speech) while remaining rigid in all the others.@@@@1@37@@oe@2-2-2013
21927017@unknown@formal@none@1@S@It achieved a good media play, and enabled Sen. Specter and others to vote against Mr. Bork out of "conscience."@@@@1@20@@oe@2-2-2013
21927018@unknown@formal@none@1@S@Further ammunition came from left legal theorist Ronald Dworkin, who in the New York Review of Books painted a picture of a constitutional zombie willfully reading his personal prejudices into the Constitution, particularly in the area of "original intent."@@@@1@39@@oe@2-2-2013
21927019@unknown@formal@none@1@S@The charge of being "outside the mainstream" of legal thought gravely undercut Mr. Bork's scholarly standing, leaving him bleeding on the platform.@@@@1@22@@oe@2-2-2013
21927020@unknown@formal@none@1@S@The nomination still might have been salvaged if a number of Democratic moderates in the South and Southwest had broken party lines.@@@@1@22@@oe@2-2-2013
21927021@unknown@formal@none@1@S@But Democratic Sen. Bennett Johnson of Louisiana reminded the little band that anti-Bork blacks and women could furnish the margin to punish them in their next Senate elections.@@@@1@28@@oe@2-2-2013
21927022@unknown@formal@none@1@S@Demographics converged with "mainstream" and demonizing to seal Robert Bork's fate.@@@@1@11@@oe@2-2-2013
21927023@unknown@formal@none@1@S@The upshot?@@@@1@2@@oe@2-2-2013
21927024@unknown@formal@none@1@S@Mr. Bork's opponents chose the battlefield, held it and kept it.@@@@1@11@@oe@2-2-2013
21927025@unknown@formal@none@1@S@Yet with the smooth confirmation of Anthony Kennedy, an "80 percenter" only slightly less supportive of judicial restraint than Mr. Bork, the Democrats may have won the battle but lost the war.@@@@1@32@@oe@2-2-2013
21927026@unknown@formal@none@1@S@Another upshot, however, was the chilling message the Bork hearings sent into the judicial culture from which the Supreme Court draws its talent.@@@@1@23@@oe@2-2-2013
21927027@unknown@formal@none@1@S@The word went forth to every law school that those with federal court ambitions must travel a safe constitutional journey, with no paper trail and no bite to their tongue or pen.@@@@1@32@@oe@2-2-2013
21927028@unknown@formal@none@1@S@Unfortunately, the author simply doesn't supply the philosophical frame to sustain his reportorial talents.@@@@1@14@@oe@2-2-2013
21927029@unknown@formal@none@1@S@He has too readily swallowed the case for the activist law school culture.@@@@1@13@@oe@2-2-2013
21927030@unknown@formal@none@1@S@Probing more deeply into the doctrine of "judicial restraint," he would have found a long history going back to the great decisions of Justice Holmes.@@@@1@25@@oe@2-2-2013
21927031@unknown@formal@none@1@S@He would discover it also in Alexander Bickel, a subtle constitutional scholar, Mr. Bork's closest friend at Yale, whose influence on the judge goes well beyond Mr. Bronner's reporting.@@@@1@29@@oe@2-2-2013
21927032@unknown@formal@none@1@S@Still, the long view of Robert Bork as constitutional thinker must be a spotty one.@@@@1@15@@oe@2-2-2013
21927033@unknown@formal@none@1@S@His strength lies in his majoritarian doctrine, which keeps the Court clear of transient group pressures and leaves most decisions in a democracy to elected legislatures and executives.@@@@1@28@@oe@2-2-2013
21927034@unknown@formal@none@1@S@Unfortunately, Mr. Bork failed to distinguish between such pressures and the emergence of great issues critical to a society that must be settled judicially if it is to cohere.@@@@1@29@@oe@2-2-2013
21927035@unknown@formal@none@1@S@The question of segregated schools, in Brown vs. Board of Education, was such an issue.@@@@1@15@@oe@2-2-2013
21927036@unknown@formal@none@1@S@In our time abortion has become another, best left to a line of Supreme Court decisions rather than to the chaos of 50 state legislatures.@@@@1@25@@oe@2-2-2013
21927037@unknown@formal@none@1@S@A reflective and growing consensus of Americans clearly wishes to apply the right to privacy in contraceptive matters (decided in the Griswold case) to abortion as well.@@@@1@27@@oe@2-2-2013
21927038@unknown@formal@none@1@S@One can understand Mr. Bork's fear that the new right to privacy will become intolerably stretched, though a Supreme Court composed of men and women with realism, guts and a sense of limits should be able to manage it.@@@@1@39@@oe@2-2-2013
21927039@unknown@formal@none@1@S@What is certain is that if Americans allow another happening like the degrading Bork confirmation circus, it will be at their peril.@@@@1@22@@oe@2-2-2013
21927040@unknown@formal@none@1@S@Mr. Lerner is a writer and historian living in New York.@@@@1@11@@oe@2-2-2013
21928001@unknown@formal@none@1@S@Sotheby's Inc., the world's biggest auction house, is taking a huge Wall Street-style risk on the outcome of the sale of art from the estate of John T. Dorrance Jr., the Campbell Soup Co. heir.@@@@1@35@@oe@2-2-2013
21928002@unknown@formal@none@1@S@The Financial Services division has guaranteed the Dorrance family that it will receive a minimum of $100 million for the collection, regardless of what the bids for the art works total, people close to the transaction say.@@@@1@37@@oe@2-2-2013
21928003@unknown@formal@none@1@S@The collection, which includes two early Picassos, a van Gogh, a Monet, other paintings, furniture and porcelains, went on sale last night in the first of six auctions.@@@@1@28@@oe@2-2-2013
21928004@unknown@formal@none@1@S@What Sotheby's is doing closely resembles an underwriting by an investment bank.@@@@1@12@@oe@2-2-2013
21928005@unknown@formal@none@1@S@A corporation that wants to sell stock or bonds goes to a Wall Street firm, which purchases the securities outright, accepting the financial risk of finding buyers.@@@@1@27@@oe@2-2-2013
21928006@unknown@formal@none@1@S@If the investment bank can sell the securities at a higher price than it paid the issuer, it makes a profit.@@@@1@21@@oe@2-2-2013
21928007@unknown@formal@none@1@S@At the initial sale last night, for example -- the sale featuring the Impressionists masters -- bids totaled $116 million.@@@@1@20@@oe@2-2-2013
21928008@unknown@formal@none@1@S@That was slightly above Sotheby's presale estimate of $111 million.@@@@1@10@@oe@2-2-2013
21928009@unknown@formal@none@1@S@Normally, Sotheby's would have earned 20% of the total in commissions.@@@@1@11@@oe@2-2-2013
21928010@unknown@formal@none@1@S@Instead, people familiar with the transaction said, the auction house opted to forgo that percentage in order to obtain the collection and in exchange for taking a bigger chunk of proceeds exceeding $100 million.@@@@1@34@@oe@2-2-2013
21928011@unknown@formal@none@1@S@Art dealers say that while auction houses occasionally guarantee the seller of a highly desirable work of art a minimum price, a financial commitment of this size is unprecedented.@@@@1@29@@oe@2-2-2013
21928012@unknown@formal@none@1@S@Diana D. Brooks, president of Sotheby's North America division, vehemently denies it offered the Dorrance heirs a money-back guarantee, calling such reports "inaccurate."@@@@1@23@@oe@2-2-2013
21928013@unknown@formal@none@1@S@Buried in the glossy hardbound catalog for the sale, however, appears the statement, "Sotheby's has an interest in the property in this catalog."@@@@1@23@@oe@2-2-2013
21928014@unknown@formal@none@1@S@Explains a Sotheby's spokeswoman, the statement "means exactly what it says.@@@@1@11@@oe@2-2-2013
21928015@unknown@formal@none@1@S@We have some level of financial interest" in the collection.@@@@1@10@@oe@2-2-2013
21928016@unknown@formal@none@1@S@"We don't disclose specifics."@@@@1@4@@oe@2-2-2013
21928017@unknown@formal@none@1@S@Frank Mirabello, a lawyer for the Dorrance estate with the Philadelphia law firm of Morgan, Lewis & Bockius, declines to comment on the financial arrangements.@@@@1@25@@oe@2-2-2013
21928018@unknown@formal@none@1@S@Sotheby's made the $100 million guarantee to keep the Dorrance collection away from its archrival, auction house Christie's International PLC; Christie's has handled smaller sales for the Dorrance family over the years.@@@@1@32@@oe@2-2-2013
21928019@unknown@formal@none@1@S@When Christie's officials asked why the firm wasn't picked to sell the Dorrance collection, representatives of the Dorrance family "told us it was a question of financial considerations," said Michael Findlay, Christie's head of impressionist and modern paintings.@@@@1@38@@oe@2-2-2013
21928020@unknown@formal@none@1@S@Collectors who have made their money on Wall Street have become an increasingly important part of the art business and their money has helped fuel the art boom, but recently it appears Sotheby's has been returning the compliment.@@@@1@38@@oe@2-2-2013
21928021@unknown@formal@none@1@S@In November 1987, Sotheby's essentially offered a Wall Street-style "bridge loan" of about $27 million to Australian businessman Alan Bond to enable him to purchase Vincent van Gogh's "Irises" for $53.9 million.@@@@1@32@@oe@2-2-2013
21928022@unknown@formal@none@1@S@It was the highest bid in history for a work of art.@@@@1@12@@oe@2-2-2013
21928023@unknown@formal@none@1@S@But two weeks ago, Sotheby's said that it has the painting under lock and key because the loan had not been fully repaid.@@@@1@23@@oe@2-2-2013
21928024@unknown@formal@none@1@S@Sotheby's is offering such deals because it's an art sellers' market, at least where the best works are concerned, says Ralph Lerner, an attorney and author of the book "Art Law."@@@@1@31@@oe@2-2-2013
21928025@unknown@formal@none@1@S@"There seems to be a lot of art for sale, but there's more competition.@@@@1@14@@oe@2-2-2013
21928026@unknown@formal@none@1@S@The competition gives the seller the ability to cut a better deal," he says.@@@@1@14@@oe@2-2-2013
21928027@unknown@formal@none@1@S@The Dorrance family will still receive a substantial portion of the auction proceeds above $100 million, people familiar with the transaction said.@@@@1@22@@oe@2-2-2013
21928028@unknown@formal@none@1@S@But it's likely that Sotheby's will take a higher than usual commission, called an override, on the amount exceeding the guarantee.@@@@1@21@@oe@2-2-2013
21928029@unknown@formal@none@1@S@Sotheby's has been aggressively promoting the Dorrance sale.@@@@1@8@@oe@2-2-2013
21928030@unknown@formal@none@1@S@At a news conference last May announcing plans for the auction, Sotheby's estimated its value in excess of $100 million.@@@@1@20@@oe@2-2-2013
21928031@unknown@formal@none@1@S@More recently, Sotheby's has predicted the collection will fetch $140 million.@@@@1@11@@oe@2-2-2013
21928032@unknown@formal@none@1@S@That's the highest estimate for a single collection in auction history.@@@@1@11@@oe@2-2-2013
21928033@unknown@formal@none@1@S@The decision to put the entire collection on the block stunned many, since Mr. Dorrance had served as chairman of the Philadelphia Museum of Art, and it had been assumed many of the works would be donated to the institution.@@@@1@40@@oe@2-2-2013
21928034@unknown@formal@none@1@S@At last night's sale, 13 of 44 works that sold were purchased by Aska International Gallery, the art-acquisition unit of Aichi Financial, a Japanese conglomerate that owns 7.5% of Christie's.@@@@1@30@@oe@2-2-2013
21928035@unknown@formal@none@1@S@Meanwhile, Sotheby's guarantee is raising eyebrows in the art world.@@@@1@10@@oe@2-2-2013
21928036@unknown@formal@none@1@S@"The consumer has to throw out the idea that the auction house is a disinterested middleman," says New York art dealer David Tunick.@@@@1@23@@oe@2-2-2013
21928037@unknown@formal@none@1@S@While he adds that he has no problem with auction houses who sell works in which they have a financial interest, "It ought not to be hidden in some small print."@@@@1@31@@oe@2-2-2013
21928038@unknown@formal@none@1@S@In such situations, he says, the house "is going to put the best light on things."@@@@1@16@@oe@2-2-2013
21928039@unknown@formal@none@1@S@For example, an auction house's comments on the condition of a work of art that is up for sale should be looked at with "very open eyes," he says.@@@@1@29@@oe@2-2-2013
21928040@unknown@formal@none@1@S@"There's more and more of this cash-up-front going on at every level," says Bruce Miller, president of Art Funding Corp., an art lender.@@@@1@23@@oe@2-2-2013
21928041@unknown@formal@none@1@S@Dealers and auction houses "know if they don't lay out a half a million for this, another one will; it's that competitive."@@@@1@22@@oe@2-2-2013
21928042@unknown@formal@none@1@S@In January, two small New York galleries, the Coe Kerr Gallery and Beadleston Fine Arts, snatched a major art collection owned by the Askin family away from rival auction-house bidders with an up-front payment of about $25 million.@@@@1@38@@oe@2-2-2013
21928043@unknown@formal@none@1@S@A Christie's spokeswoman said that while the auction house sometimes waives its seller's commission to attract art works -- it still gets a commission from the buyer -- Christie's won't offer financial guarantees because "Christie's believes its primary role is as an auction house, and therefore as an agent {for buyer and seller}, not as a bank.@@@@1@57@@oe@2-2-2013
21929001@unknown@formal@none@1@S@Egon Krenz, the man tapped yesterday to become East Germany's new leader, faces the same task that has fallen to neighboring socialist colleagues: reforming a country in crisis.@@@@1@28@@oe@2-2-2013
21929002@unknown@formal@none@1@S@But unlike the other new leaders in the East Bloc, Mr. Krenz will face an immediate threat to his nation's very existence: German reunification.@@@@1@24@@oe@2-2-2013
21929003@unknown@formal@none@1@S@Mr. Krenz, age 52, is known as an old-guard ironfist, one likely to continue the method of running a country that the Berlin Wall made famous.@@@@1@26@@oe@2-2-2013
21929004@unknown@formal@none@1@S@Even if he were to change his stripes and become another Milton Friedman, however, he would still stand a good chance of losing a country.@@@@1@25@@oe@2-2-2013
21929005@unknown@formal@none@1@S@Mr. Krenz almost certainly will be a younger version of Erich Honecker, his rigid predecessor as dictator.@@@@1@17@@oe@2-2-2013
21929006@unknown@formal@none@1@S@Mr. Krenz has followed much the same career path as Mr. Honecker: Both spent years overseeing the Freie Deutsche Jugend, the youth group that is the communist regime's principal tool for stamping young Germans into socialist citizens.@@@@1@37@@oe@2-2-2013
21929007@unknown@formal@none@1@S@More recently, Mr. Krenz has been in charge of East German security, and is the youngest member of the ruling Politburo.@@@@1@21@@oe@2-2-2013
21929008@unknown@formal@none@1@S@Faced with another Mr. Honecker, so many despairing East Germans are likely to flee that the two German peoples will get their reunification, de facto, on West German ground.@@@@1@29@@oe@2-2-2013
21929009@unknown@formal@none@1@S@But if East Germany's arthritic Politburo does loosen up enough to permit Mr. Krenz to make serious efforts at reform, he will face a challenge just as fundamental.@@@@1@28@@oe@2-2-2013
21929010@unknown@formal@none@1@S@Abandoning socialism means abandoning the East German state's reason for existence, and with it the justification for its watchdogs and its Wall.@@@@1@22@@oe@2-2-2013
21929011@unknown@formal@none@1@S@In this scenario it's hard to imagine that a pale imitation of the Federal Republic could avoid being pulled into some kind of tie -- economic, federal or stronger -- with West Germany.@@@@1@33@@oe@2-2-2013
21929012@unknown@formal@none@1@S@Mr. Krenz may need a bit of time to consolidate his empire, which would do a lot to promote Reunification Scenario One.@@@@1@22@@oe@2-2-2013
21929013@unknown@formal@none@1@S@Cartoonists in West Germany have already mocked the exodus by imagining an advertisement placed by Mr. Honecker: "Wanted: one people."@@@@1@20@@oe@2-2-2013
21929014@unknown@formal@none@1@S@The West German embassies in Prague, Budapest and Warsaw are continuing to find refugees at their gates.@@@@1@17@@oe@2-2-2013
21929015@unknown@formal@none@1@S@Of course East Germany, true to its tradition, could tighten its borders yet further.@@@@1@14@@oe@2-2-2013
21929016@unknown@formal@none@1@S@Two of the last gestures of the Honecker regime were to close the border to Czechoslovakia and install halogen lights in some spots along the frontier.@@@@1@26@@oe@2-2-2013
21929017@unknown@formal@none@1@S@But with world-wide opinion -- even, apparently in Moscow -- against East Germany, the country would have to turn itself into an Albania to clamp down further on refugees.@@@@1@29@@oe@2-2-2013
21929018@unknown@formal@none@1@S@There have been some reports that Mr. Krenz is moving to "soften" his reputation, notably rumors that it was he who kept East Germany's state police off protesters' backs at the country's dismal 40th anniversary celebrations earlier this month.@@@@1@39@@oe@2-2-2013
21929019@unknown@formal@none@1@S@But even if he effects a Hyde-to-Jekyll transformation, he will face a serious ideological crisis and Reunification Scenario Two.@@@@1@19@@oe@2-2-2013
21929020@unknown@formal@none@1@S@The problem is one that East Germany shares with other half-states, such as North Korea, but one it must shoulder alone in the East Bloc.@@@@1@25@@oe@2-2-2013
21929021@unknown@formal@none@1@S@When Poland moves to reform, it can at least lean on its past: However flawed and short-lived Joseph Pilsudski's interwar republic, it was a nonsocialist democracy.@@@@1@26@@oe@2-2-2013
21929022@unknown@formal@none@1@S@Czech reformers can recall the Wilsonian ideals of the same period in their country.@@@@1@14@@oe@2-2-2013
21929023@unknown@formal@none@1@S@Even the Soviet Union has Peter the Great to rediscover, should it choose to.@@@@1@14@@oe@2-2-2013
21929024@unknown@formal@none@1@S@But East Germany is merely "the land of truly existing socialism."@@@@1@11@@oe@2-2-2013
21929025@unknown@formal@none@1@S@Beyond that, it has to compete with West Germany for a claim to the German identity.@@@@1@16@@oe@2-2-2013
21929026@unknown@formal@none@1@S@Up to now, the main weapon of the "worker and peasant state" has been the ideology of socialism.@@@@1@18@@oe@2-2-2013
21929027@unknown@formal@none@1@S@With talk today of a second economic miracle in West Germany, East Germany no longer can content itself with being the economic star in a loser league.@@@@1@27@@oe@2-2-2013
21929028@unknown@formal@none@1@S@Without Moscow's military and party behind it, East Germany runs the risk of disintegrating.@@@@1@14@@oe@2-2-2013
21929029@unknown@formal@none@1@S@If it goes capitalist, and increases trade with West Germany, it will convert itself, willy-nilly, into an economic annex of the Federal Republic.@@@@1@23@@oe@2-2-2013
21929030@unknown@formal@none@1@S@There's a certain cruel logic at work here: It's particularly appropriate -- and tragic -- that the land that produced Karl Marx should prove socialism's failure in an experiment that uses its own people as controls.@@@@1@36@@oe@2-2-2013
21929031@unknown@formal@none@1@S@There may be forces that would delay this scenario.@@@@1@9@@oe@2-2-2013
21929032@unknown@formal@none@1@S@Ideologues are the last to surrender, and Germans are an ideological people.@@@@1@12@@oe@2-2-2013
21929033@unknown@formal@none@1@S@The protesters who greeted Mikhail Gorbachev at East Berlin's airport earlier this month weren't shouting "Go U.S.A" -- they were chanting "Gorby, Help Us."@@@@1@24@@oe@2-2-2013
21929034@unknown@formal@none@1@S@Ideologues on the other side of the border can also slow the process.@@@@1@13@@oe@2-2-2013
21929035@unknown@formal@none@1@S@Helmut Kohl's governing conservative coalition is proving admirably true to the West German constitution by making more than 500,000 people of German descent automatic citizens this year alone.@@@@1@28@@oe@2-2-2013
21929036@unknown@formal@none@1@S@But within the government and in the think tanks outside it, many West Germans maintain that they don't want immediate reunification.@@@@1@21@@oe@2-2-2013
21929037@unknown@formal@none@1@S@Politically, this currently is wisdom -- particularly given a nervous neighboring France.@@@@1@12@@oe@2-2-2013
21929038@unknown@formal@none@1@S@But it would be ironic if Germany's reunification, just like its division, eventually were the result of actions in centers of power other than Bonn and Berlin.@@@@1@27@@oe@2-2-2013
21929039@unknown@formal@none@1@S@In a statement that was as close as East Germany gets to practicing "glasnost", Otto Reinhold, an East German party theorist, actually acknowledged the reunification dilemma.@@@@1@26@@oe@2-2-2013
21929040@unknown@formal@none@1@S@"The main problem," Mr. Reinhold said in an East German radio interview monitored by Radio Free Europe in Munich, stems from the fact that "the GDR is different" from other East European states.@@@@1@33@@oe@2-2-2013
21929041@unknown@formal@none@1@S@"What kind of right to exist," he asked, "would a capitalist German Democratic Republic have alongside a capitalist Federal Republic?"@@@@1@20@@oe@2-2-2013
21929042@unknown@formal@none@1@S@That's a question East Germany can't answer easily, no matter what its new leader does.@@@@1@15@@oe@2-2-2013
21929043@unknown@formal@none@1@S@Miss Shlaes is editorial features editor of The Wall Street Journal/Europe.@@@@1@11@@oe@2-2-2013
21930001@unknown@formal@none@1@S@INSURERS ARE FACING billions of dollars in damage claims from the California quake.@@@@1@13@@oe@2-2-2013
21930002@unknown@formal@none@1@S@But most businesses in the Bay area, including Silicon Valley, weren't greatly affected.@@@@1@13@@oe@2-2-2013
21930003@unknown@formal@none@1@S@Computer and software companies in the region are expecting virtually no long-term disruption in shipments.@@@@1@15@@oe@2-2-2013
21930004@unknown@formal@none@1@S@Also, investors quickly singled out stocks of companies expected to profit or suffer from the disaster.@@@@1@16@@oe@2-2-2013
21930005@unknown@formal@none@1@S@Leveraged buy-outs may be curbed by two rules in pending congressional legislation.@@@@1@12@@oe@2-2-2013
21930006@unknown@formal@none@1@S@The provisions, in deficit-reduction bills recently passed by the House and Senate, could raise the price tags of such deals by up to 10% and cool the takeover boom.@@@@1@29@@oe@2-2-2013
21930007@unknown@formal@none@1@S@A bill giving the Transportation Department the power to block airline leveraged buy-outs cleared a House panel.@@@@1@17@@oe@2-2-2013
21930008@unknown@formal@none@1@S@But Secretary Skinner said he would urge Bush to veto the bill.@@@@1@12@@oe@2-2-2013
21930009@unknown@formal@none@1@S@Housing starts sank 5.2% in September to a seven-year low.@@@@1@10@@oe@2-2-2013
21930010@unknown@formal@none@1@S@The drop, following a 6.2% decline in August, indicates the industry is still being hurt by the Fed's anti-inflation battle.@@@@1@20@@oe@2-2-2013
21930011@unknown@formal@none@1@S@IBM plans to buy back $1 billion of its common shares, a move likely to help the computer giant's battered stock.@@@@1@21@@oe@2-2-2013
21930012@unknown@formal@none@1@S@The buy-back, which wasn't a complete surprise, was announced after the stock market had closed.@@@@1@15@@oe@2-2-2013
21930013@unknown@formal@none@1@S@A capital-gains tax cut plan has been worked out by Senate Republicans.@@@@1@12@@oe@2-2-2013
21930014@unknown@formal@none@1@S@A similar proposal may be introduced soon by Senate Democrats.@@@@1@10@@oe@2-2-2013
21930015@unknown@formal@none@1@S@British Airways said it is seeking improved terms and a sharply lower price in any revised bid for United Air's parent.@@@@1@21@@oe@2-2-2013
21930016@unknown@formal@none@1@S@The British carrier also confirmed it isn't committed to going forward with any new bid.@@@@1@15@@oe@2-2-2013
21930017@unknown@formal@none@1@S@UAL's stock fell $6.25, to $191.75.@@@@1@6@@oe@2-2-2013
21930018@unknown@formal@none@1@S@Stock prices rose slightly as trading slowed, while bonds ended little changed despite a slumping dollar.@@@@1@16@@oe@2-2-2013
21930019@unknown@formal@none@1@S@The Dow Jones industrials gained 4.92, to 2643.65.@@@@1@8@@oe@2-2-2013
21930020@unknown@formal@none@1@S@But investors remain wary about stocks, partly because of turmoil in the junk-bond market.@@@@1@14@@oe@2-2-2013
21930021@unknown@formal@none@1@S@B.A.T Industries may delay part of its defensive restructuring plan, including the sale of its Saks Fifth Avenue and Marshall Field units.@@@@1@22@@oe@2-2-2013
21930022@unknown@formal@none@1@S@The British conglomerate cited the recent turmoil in financial markets.@@@@1@10@@oe@2-2-2013
21930023@unknown@formal@none@1@S@WCRS Group announced a major restructuring that largely removes it from the advertising business.@@@@1@14@@oe@2-2-2013
21930024@unknown@formal@none@1@S@The London-based concern will sell most of its ad unit to France's Eurocom.@@@@1@13@@oe@2-2-2013
21930025@unknown@formal@none@1@S@Commodore International expects to post its second consecutive quarterly loss because of weak personal computer sales in some markets.@@@@1@19@@oe@2-2-2013
21930026@unknown@formal@none@1@S@Jaguar hopes to reach a friendly accord with General Motors within a month that may involve producing a cheaper executive model.@@@@1@21@@oe@2-2-2013
21930027@unknown@formal@none@1@S@Sears is negotiating to refinance its Sears Tower for close to $850 million, sources said.@@@@1@15@@oe@2-2-2013
21930028@unknown@formal@none@1@S@The retailer was unable to find a buyer for the building.@@@@1@11@@oe@2-2-2013
21930029@unknown@formal@none@1@S@Whitbread of Britain put its spirits division up for sale, setting off a scramble among distillers.@@@@1@16@@oe@2-2-2013
21930030@unknown@formal@none@1@S@The business includes Beefeater gin.@@@@1@5@@oe@2-2-2013
21930031@unknown@formal@none@1@S@Markets --@@@@1@2@@oe@2-2-2013
21930032@unknown@formal@none@1@S@Stocks: Volume 166,900,000 shares.@@@@1@4@@oe@2-2-2013
21930033@unknown@formal@none@1@S@Dow Jones industrials 2643.65, up 4.92; transportation 1247.87, off 6.40; utilities 213.97, off 0.57.@@@@1@14@@oe@2-2-2013
21930034@unknown@formal@none@1@S@Bonds: Shearson Lehman Hutton Treasury index 3371.36, off@@@@1@8@@oe@2-2-2013
21930035@unknown@formal@none@1@S@Commodities: Dow Jones futures index 129.90, up 0.18; spot index 130.36, up 0.39.@@@@1@13@@oe@2-2-2013
21930036@unknown@formal@none@1@S@Dollar: 141.45 yen, off 1.30; 1.8485 marks, off 0.0182.@@@@1@9@@oe@2-2-2013
21931001@unknown@formal@none@1@S@The dollar finished softer yesterday, tilted lower by continued concern about the stock market.@@@@1@14@@oe@2-2-2013
21931002@unknown@formal@none@1@S@"We're trading with a very wary eye on Wall Street," said Trevor Woodland, chief corporate trader at Harris Trust & Savings Bank in New York.@@@@1@25@@oe@2-2-2013
21931003@unknown@formal@none@1@S@"No one is willing to place a firm bet that the stock market won't take another tumultuous ride."@@@@1@18@@oe@2-2-2013
21931004@unknown@formal@none@1@S@News of the major earthquake in California Tuesday triggered a round of dollar sales in early Asian trade, but most foreign-exchange dealers said they expect the impact of the quake on financial markets to be short-lived.@@@@1@36@@oe@2-2-2013
21931005@unknown@formal@none@1@S@Despite the dollar's lackluster performance, some foreign-exchange traders maintain that the U.S. unit remains relatively well bid.@@@@1@17@@oe@2-2-2013
21931006@unknown@formal@none@1@S@Harris Trust's Mr. Woodland noted that the unit continues to show resilience in the face of a barrage of "headline negatives" in recent weeks, including rate increases in Europe and Japan, aggressive central bank intervention, a 190-point plunge in New York stock prices, an unexpectedly poor U.S. trade report and action by the Federal Reserve to nudge U.S. rates lower.@@@@1@60@@oe@2-2-2013
21931007@unknown@formal@none@1@S@While Mr. Woodland doesn't predict a significant climb for the U.S. unit in light of recent moves in interest rates around the world, he noted that "its downside potential is surprisingly and -- for dollar bulls -- "impressively" limited.@@@@1@39@@oe@2-2-2013
21931008@unknown@formal@none@1@S@In late New York trading yesterday, the dollar was quoted at 1.8485 marks, down from 1.8667 marks late Tuesday, and at 141.45 yen, down from 142.75 yen late Tuesday.@@@@1@29@@oe@2-2-2013
21931009@unknown@formal@none@1@S@Sterling was quoted at $1.5920, up from $1.5753 late Tuesday.@@@@1@10@@oe@2-2-2013
21931010@unknown@formal@none@1@S@In Tokyo Thursday, the U.S. currency opened for trading at 140.97 yen, down from Wednesday's Tokyo close of 142.10 yen.@@@@1@20@@oe@2-2-2013
21931011@unknown@formal@none@1@S@Since Friday's dive in stock market prices, the Fed has injected reserves into the banking system in an effort to calm the markets and avert a repeat of 1987's stock market debacle.@@@@1@32@@oe@2-2-2013
21931012@unknown@formal@none@1@S@Some analysts note that after last week's stock market tailspin and Tuesday's California earthquake, it's hard to gauge where the central bank wants the key federal funds rate.@@@@1@28@@oe@2-2-2013
21931013@unknown@formal@none@1@S@They say that the earthquake, by preventing many banks from operating at full capacity, has given the Fed an additional reason to keep liquidity at a high level.@@@@1@28@@oe@2-2-2013
21931014@unknown@formal@none@1@S@The Fed did, in fact, execute $1.5 billion of liquidity-enhancing customer repurchase agreements, the third set of repurchase orders in three days.@@@@1@22@@oe@2-2-2013
21931015@unknown@formal@none@1@S@Analysts said the additional liquidity should tend to reduce the federal funds rate.@@@@1@13@@oe@2-2-2013
21931016@unknown@formal@none@1@S@For now, traders say the foreign exchange market is scrutinizing both federal funds and events on Wall Street.@@@@1@18@@oe@2-2-2013
21931017@unknown@formal@none@1@S@They note that the dollar remains extremely vulnerable to the slightest bad news from the stock exchange.@@@@1@17@@oe@2-2-2013
21931018@unknown@formal@none@1@S@Indeed, the U.S. unit edged lower as the Dow Jones Industrial Average dropped about 13 points in early trading.@@@@1@19@@oe@2-2-2013
21931019@unknown@formal@none@1@S@A slight recovery in the stock market gave currency traders confidence to push the dollar higher before the unit dropped back by day's end.@@@@1@24@@oe@2-2-2013
21931020@unknown@formal@none@1@S@Some dealers noted that nervousness over the recent sharp dive in stock prices could intensify following suggestions by Bank of Japan Governor Satoshi Sumita that appeared to advise Japanese investors to be very careful in investing in U.S. leveraged buy-outs.@@@@1@40@@oe@2-2-2013
21931021@unknown@formal@none@1@S@Dealers suggest that the only positive news on the horizon that could detract attention from equities transactions is September's U.S. consumer price data.@@@@1@23@@oe@2-2-2013
21931022@unknown@formal@none@1@S@The figures, due for release Friday, are expected to show an uptick in inflation to 4.8% from 4.7% in August.@@@@1@20@@oe@2-2-2013
21931023@unknown@formal@none@1@S@If the figures show a hefty rise in inflation, they could militate against easing by the Fed.@@@@1@17@@oe@2-2-2013
21931024@unknown@formal@none@1@S@On the Commodity Exchange in New York, gold for current delivery rose $1.30 to $368.70 an ounce in moderate trading.@@@@1@20@@oe@2-2-2013
21931025@unknown@formal@none@1@S@Estimated volume was three million ounces.@@@@1@6@@oe@2-2-2013
21931026@unknown@formal@none@1@S@In early trading in Hong Kong Thursday, gold was at $368.15 an ounce.@@@@1@13@@oe@2-2-2013
21932001@unknown@formal@none@1@S@Crude prices spurted upward in brisk trading on the assumption that heavy earthquake damage occurred to San Francisco area refinery complexes, but the rise quickly fizzled when it became apparent that oil operations weren't severely curtailed.@@@@1@36@@oe@2-2-2013
21932002@unknown@formal@none@1@S@Trading on little specific information, market players overnight in Tokyo began bidding up oil prices.@@@@1@15@@oe@2-2-2013
21932003@unknown@formal@none@1@S@The rally spread into European markets, where traders were still betting that the earthquake disrupted the San Francisco area's large oil refining plants.@@@@1@23@@oe@2-2-2013
21932004@unknown@formal@none@1@S@By yesterday morning, much of the world was still unable to reach San Francisco by telephone.@@@@1@16@@oe@2-2-2013
21932005@unknown@formal@none@1@S@West Texas Intermediate was bid up more than 20 cents a barrel in many overseas markets.@@@@1@16@@oe@2-2-2013
21932006@unknown@formal@none@1@S@At the opening of the New York Mercantile Exchange, West Texas Intermediate for November delivery shot up 10 cents a barrel, to $20.85, still on the belief that the refineries were damaged.@@@@1@32@@oe@2-2-2013
21932007@unknown@formal@none@1@S@In the San Francisco area, roughly 800,000 barrels a day of crude, about a third of all the refining capacity in California, is processed daily, according to industry data.@@@@1@29@@oe@2-2-2013
21932008@unknown@formal@none@1@S@For more than the past year, even the rumor of a major West Coast refinery shutdown has been enough to spark a futures rally because the gasoline market is so tight.@@@@1@31@@oe@2-2-2013
21932009@unknown@formal@none@1@S@But yesterday, as the morning wore on, some major West Coast refinery operators -- including Chevron Corp., Exxon Corp. and the Shell Oil Co. unit of Royal Dutch/Shell Group -- said their refineries weren't damaged and were continuing to operate normally.@@@@1@41@@oe@2-2-2013
21932010@unknown@formal@none@1@S@Most said they shut down their petroleum pipeline operations as a precaution but didn't see any immediate damage.@@@@1@18@@oe@2-2-2013
21932011@unknown@formal@none@1@S@Gasoline terminals were also largely unhurt, they said.@@@@1@8@@oe@2-2-2013
21932012@unknown@formal@none@1@S@"It's hard to imagine how the markets were speculating, given that nobody could get through to San Francisco," said one amazed oil company executive.@@@@1@24@@oe@2-2-2013
21932013@unknown@formal@none@1@S@As the news spread that the refineries were intact, crude prices plunged, ending the day at $20.56 a barrel, down 19 cents.@@@@1@22@@oe@2-2-2013
21932014@unknown@formal@none@1@S@Gasoline for November delivery was off 1.26 cents a gallon to 54.58 cents.@@@@1@13@@oe@2-2-2013
21932015@unknown@formal@none@1@S@Heating oil finished at 60.6 cents, down 0.45 cent.@@@@1@9@@oe@2-2-2013
21932016@unknown@formal@none@1@S@"The market was basically acting on two contradictory forces," said Nauman Barakat of Shearson Lehman Hutton Inc.@@@@1@17@@oe@2-2-2013
21932017@unknown@formal@none@1@S@"One is the panic, the earthquake in San Francisco, which is positive."@@@@1@12@@oe@2-2-2013
21932018@unknown@formal@none@1@S@But once that factor was eliminated, traders took profits and focused on crude oil inventories, Mr. Barakat said.@@@@1@18@@oe@2-2-2013
21932019@unknown@formal@none@1@S@After the market closed Tuesday, the American Petroleum Institute had reported that crude stocks increased by 5.7 million barrels in the week ended Friday, which traders viewed as bearish.@@@@1@29@@oe@2-2-2013
21932020@unknown@formal@none@1@S@But some market players still think earthquake speculation could have more impact on the oil markets.@@@@1@16@@oe@2-2-2013
21932021@unknown@formal@none@1@S@"The problem is that while on the surface everything is all right, the question is," said Mr. Barakat, "was there any structural damage to the pipelines or anything else."@@@@1@29@@oe@2-2-2013
21932022@unknown@formal@none@1@S@In other commodity markets yesterday:@@@@1@5@@oe@2-2-2013
21932023@unknown@formal@none@1@S@COPPER:@@@@1@1@@oe@2-2-2013
21932024@unknown@formal@none@1@S@Futures prices eased on indications of improvement in the industry's labor situation.@@@@1@12@@oe@2-2-2013
21932025@unknown@formal@none@1@S@The December contract declined 1.85 cents a pound to $1.2645.@@@@1@10@@oe@2-2-2013
21932026@unknown@formal@none@1@S@According to one analyst, workers at the Cananea copper mine in Mexico, which hasn't been operating since it was declared bankrupt by the Mexican government in late August, are set to return to work.@@@@1@34@@oe@2-2-2013
21932027@unknown@formal@none@1@S@The analyst said it will take about two to three months before the mine begins to produce copper in significant quantities.@@@@1@21@@oe@2-2-2013
21932028@unknown@formal@none@1@S@He added that, while there hasn't been any official announcement as yet, the Highland Valley mine strike in British Columbia, which has lasted more than three months, is regarded as settled.@@@@1@31@@oe@2-2-2013
21932029@unknown@formal@none@1@S@Another analyst said the Cananea return to operation may not be as near as some expect.@@@@1@16@@oe@2-2-2013
21932030@unknown@formal@none@1@S@"There are still negotiations taking place on whether there will be a loss of jobs, which has been a critical issue all along," he said.@@@@1@25@@oe@2-2-2013
21932031@unknown@formal@none@1@S@Nevertheless, the increasing likelihood that these two major supply disruptions will be resolved weighed on the market, the analysts agreed.@@@@1@20@@oe@2-2-2013
21932032@unknown@formal@none@1@S@Both of these mines are normally major suppliers of copper to Japan, which has been buying copper on the world market.@@@@1@21@@oe@2-2-2013
21932033@unknown@formal@none@1@S@The first analyst said that the Japanese, as well as the Chinese, bought copper earlier in the week in London, but that this purchasing has since slackened as the supply situation, at least over the long term, appears to have improved.@@@@1@41@@oe@2-2-2013
21932034@unknown@formal@none@1@S@"The focus for some time has been on the copper supply, and good demand has been taken for granted," he said.@@@@1@21@@oe@2-2-2013
21932035@unknown@formal@none@1@S@"Now that the supply situation seems to be improving, it would be best for traders to switch their concentration to the demand side."@@@@1@23@@oe@2-2-2013
21932036@unknown@formal@none@1@S@He noted the Commerce Department report yesterday that housing starts in September dropped 5.2% from August to 1.26 million units on an annualized basis, the lowest level in seven years.@@@@1@30@@oe@2-2-2013
21932037@unknown@formal@none@1@S@"Along with these factors, other economic reports suggest a slowing of the economy, which could mean reduced copper usage," he said.@@@@1@21@@oe@2-2-2013
21932038@unknown@formal@none@1@S@SUGAR:@@@@1@1@@oe@2-2-2013
21932039@unknown@formal@none@1@S@Futures prices extended Tuesday's gains.@@@@1@5@@oe@2-2-2013
21932040@unknown@formal@none@1@S@The March delivery ended with an advance of 0.16 cent a pound to 14.27 cents, for a two-day gain of 0.3 cent.@@@@1@22@@oe@2-2-2013
21932041@unknown@formal@none@1@S@According to one dealer, Japan said it has only 40,000 tons of sugar remaining to be shipped to it this year by Cuba under current commitments.@@@@1@26@@oe@2-2-2013
21932042@unknown@formal@none@1@S@The announcement was made because of reports Tuesday that Cuba would delay shipments to Japan scheduled for later this year, into early next year.@@@@1@24@@oe@2-2-2013
21932043@unknown@formal@none@1@S@The dealer said the quantity mentioned in the Japanese announcement is so small that it's meaningless.@@@@1@16@@oe@2-2-2013
21932044@unknown@formal@none@1@S@One analyst said he thought the market continued to be supported to some degree by a delay in the Cuban sugar harvest caused by adverse weather.@@@@1@26@@oe@2-2-2013
21932045@unknown@formal@none@1@S@The dealer said India might be the real factor that is keeping futures prices firm.@@@@1@15@@oe@2-2-2013
21932046@unknown@formal@none@1@S@That country recently bought 200,000 tons of sugar and had been expected to seek a like quantity last week but didn't.@@@@1@21@@oe@2-2-2013
21932047@unknown@formal@none@1@S@"It's known they need the sugar, and the expectation that they will come in is apparently giving the market its principal support," the dealer said.@@@@1@25@@oe@2-2-2013
21932048@unknown@formal@none@1@S@LIVESTOCK AND MEATS:@@@@1@3@@oe@2-2-2013
21932049@unknown@formal@none@1@S@The Agriculture Department is expected to announce tomorrow that the number of cattle in the 13 major ranch states slipped 4% to 8.21 million on Oct. 1 compared with the level a year earlier, said Tom Morgan, president of Sterling Research Corp., Arlington Heights, Ill.@@@@1@45@@oe@2-2-2013
21932050@unknown@formal@none@1@S@Cattle prices have risen in recent weeks on speculation that the government's quarterly report will signal tighter supplies of beef.@@@@1@20@@oe@2-2-2013
21932051@unknown@formal@none@1@S@Among other things, the government is expected to report that the number of young cattle placed on feedlots during the quarter slipped 3%.@@@@1@23@@oe@2-2-2013
21932052@unknown@formal@none@1@S@Feedlots fatten cattle for slaughter, so a drop indicates that the production of beef will dip this winter.@@@@1@18@@oe@2-2-2013
21932053@unknown@formal@none@1@S@Indeed, some analysts expect the government to report that the movement of young cattle onto feedlots in the month of September in seven big ranch states dropped 8% compared with the level for September 1988.@@@@1@35@@oe@2-2-2013
21933001@unknown@formal@none@1@S@The following issues were recently filed with the Securities and Exchange Commission:@@@@1@12@@oe@2-2-2013
21933002@unknown@formal@none@1@S@Health Care Property Investors Inc., offering of 2,250,000 shares of common stock, via Merrill Lynch Capital Markets, Alex. Brown & Sons Inc. and Dean Witter Reynolds Inc.@@@@1@27@@oe@2-2-2013
21933003@unknown@formal@none@1@S@Union Pacific Corp., shelf offering of up to $500 million debt securities and warrants.@@@@1@14@@oe@2-2-2013
21933004@unknown@formal@none@1@S@United Technologies Corp., shelf offering of up to $500 million unsubordinated non-convertible unsecured debt securities.@@@@1@15@@oe@2-2-2013
21934001@unknown@formal@none@1@S@A new drug to prevent the rejection of transplanted organs has been successfully used on more than 100 patients at the University of Pittsburgh, according to researchers.@@@@1@27@@oe@2-2-2013
21934002@unknown@formal@none@1@S@The drug, which is still in the experimental phase, hasn't been approved yet by the Food and Drug Admistration, and its long-term effects are unknown.@@@@1@25@@oe@2-2-2013
21934003@unknown@formal@none@1@S@But researchers say the drug, called FK-506, could revolutionize the transplantation field by reducing harmful side effects and by lowering rejection rates.@@@@1@22@@oe@2-2-2013
21934004@unknown@formal@none@1@S@Rejection has been the major obstacle in the approximately 30,000 organ transplants performed world-wide each year.@@@@1@16@@oe@2-2-2013
21934005@unknown@formal@none@1@S@Researchers began using the drug in February on patients who had received kidney, liver, heart and pancreas transplants.@@@@1@18@@oe@2-2-2013
21934006@unknown@formal@none@1@S@Only two of 111 transplants have been rejected.@@@@1@8@@oe@2-2-2013
21934007@unknown@formal@none@1@S@The drug, discovered in 1984, is metabolized from soil fungus found in Japan.@@@@1@13@@oe@2-2-2013
21934008@unknown@formal@none@1@S@The Pittsburgh patients are the first humans to be given the drug, which is made by Fujisawa Pharmaceutical Co.@@@@1@19@@oe@2-2-2013
21934009@unknown@formal@none@1@S@"We're shocked by it, because it's worked so fast," said Dr. Thomas E. Starzl, director of the University of Pittsburgh Transplantation Program, at a news conference here yesterday.@@@@1@28@@oe@2-2-2013
21934010@unknown@formal@none@1@S@"We consider it a life-saving drug, like one for AIDS," said Dr. John Fung, an immunologist at the University of Pittsburgh.@@@@1@21@@oe@2-2-2013
21934011@unknown@formal@none@1@S@Researchers say they believe FK-506 is 100 times more effective than the traditional anti-rejection drug, cyclosporine, made by Swiss pharmaceutical giant Sandoz Ltd.@@@@1@23@@oe@2-2-2013
21934012@unknown@formal@none@1@S@They are also encouraged by the relatively mild side effects of FK-506, compared with cyclosporine, which can cause renal failure, morbidity, nausea and other problems.@@@@1@25@@oe@2-2-2013
21934013@unknown@formal@none@1@S@"The side effects {of cyclosporine} have made the penalty for its success rather high," Dr. Starzl said.@@@@1@17@@oe@2-2-2013
21934014@unknown@formal@none@1@S@Dr. Fung said that FK-506 would not be available in the market for at least a year, and that the FDA approval process usually takes three years to five years.@@@@1@30@@oe@2-2-2013
21934015@unknown@formal@none@1@S@There are no firm plans to expand the experimental program beyond the University of Pittsburgh, whose hospital performs the most transplants in the world.@@@@1@24@@oe@2-2-2013
21934016@unknown@formal@none@1@S@Researchers couldn't estimate the cost of the drug when it reaches the market, but they said FK-506 will enable patients to cut hospital stays by 50% and reduce the number of blood tests used to monitor the dosage of cyclosporine and other drugs among transplant recipients.@@@@1@46@@oe@2-2-2013
21934017@unknown@formal@none@1@S@Dr. Starzl said the research has been largely financed by the National Institute of Health and by university funds, and that Fujisawa didn't give the hospital any grants.@@@@1@28@@oe@2-2-2013
21934018@unknown@formal@none@1@S@He said that the research team had no financial stake in the drug.@@@@1@13@@oe@2-2-2013
21934019@unknown@formal@none@1@S@"We've known for six months the effect of this drug, and our advice to our people has been not to buy the company's stock," Dr. Starzl said, adding that profiting from FK-506 wouldn't be ethical.@@@@1@35@@oe@2-2-2013
21935001@unknown@formal@none@1@S@Economist David N. Laband's Sept. 27 editorial-page article, "In Hugo's Path, a Man-Made Disaster," decries the control of price gouging, swiftly ordered by South Carolina's governor after Hurricane Hugo.@@@@1@29@@oe@2-2-2013
21935002@unknown@formal@none@1@S@According to Mr. Laband, "screaming" for price controls occurs when income redistribution "threatens to hit home."@@@@1@16@@oe@2-2-2013
21935003@unknown@formal@none@1@S@To be sure, the threat has hit home down here.@@@@1@10@@oe@2-2-2013
21935004@unknown@formal@none@1@S@Yet in Mr. Laband's rehash of free-market logic, human greed and self-interest are the only permissible psychological reactions.@@@@1@18@@oe@2-2-2013
21935005@unknown@formal@none@1@S@Allowing uncontrolled prices for necessities would indeed shorten the lines at stores, as he contends.@@@@1@15@@oe@2-2-2013
21935006@unknown@formal@none@1@S@But not because resources are going to their most efficient use, leaving scarce goods "allocated to those buyers who place the highest value on them."@@@@1@25@@oe@2-2-2013
21935007@unknown@formal@none@1@S@Rather, lines would diminish because at higher prices many victims could not afford necessities such as food and medical supplies.@@@@1@20@@oe@2-2-2013
21935008@unknown@formal@none@1@S@It is inhumane to imply that a poor, unemployed woman cannot receive immediate relief for her family at fair prices because she does not have as much to protect as a rich family.@@@@1@33@@oe@2-2-2013
21935009@unknown@formal@none@1@S@Moreover, essential relief supplies such as ice must be distributed throughout the population because of potential health problems from spoiled food and possible outbreak of disease.@@@@1@26@@oe@2-2-2013
21935010@unknown@formal@none@1@S@Such spillover effects give the state a right to intervene in the marketplace and temporarily coordinate allocation of resources.@@@@1@19@@oe@2-2-2013
21935011@unknown@formal@none@1@S@Fortunately, volunteers and charities are not motivated by self-interest, but by altruism.@@@@1@12@@oe@2-2-2013
21935012@unknown@formal@none@1@S@Why should they have to co-exist with opportunists rushing in to turn a quick profit?@@@@1@15@@oe@2-2-2013
21935013@unknown@formal@none@1@S@These latter-day scalawags would be ill-advised to take advantage of the situation, if they ever expect to face the people of South Carolina again.@@@@1@24@@oe@2-2-2013
21935014@unknown@formal@none@1@S@The government is actually protecting avaricious ice-baggers and other profiteers who cannot see beyond their own short-term gain.@@@@1@18@@oe@2-2-2013
21935015@unknown@formal@none@1@S@South Carolina deserves an A for its quick and timely relief efforts.@@@@1@12@@oe@2-2-2013
21935016@unknown@formal@none@1@S@Mr. Laband, meanwhile, gets an A for his rote recital of economic-efficiency arguments.@@@@1@13@@oe@2-2-2013
21935017@unknown@formal@none@1@S@Give him an F for his failure to understand the ethics of economic equity.@@@@1@14@@oe@2-2-2013
21935018@unknown@formal@none@1@S@Signed by 25 students@@@@1@4@@oe@2-2-2013
21935019@unknown@formal@none@1@S@Of Douglas Woodward's Honors Economics Class,@@@@1@6@@oe@2-2-2013
21935020@unknown@formal@none@1@S@University of South Carolina@@@@1@4@@oe@2-2-2013
21935021@unknown@formal@none@1@S@Columbia, S.C.@@@@1@2@@oe@2-2-2013
21935022@unknown@formal@none@1@S@Mr. Laband gives us an idea why economists' predictions are usually wrong.@@@@1@12@@oe@2-2-2013
21935023@unknown@formal@none@1@S@They set up absurd situations, detached from reality, and then try to reason from them.@@@@1@15@@oe@2-2-2013
21935024@unknown@formal@none@1@S@I'm surprised he didn't advocate letting people loot, since that behavior can also be foreseen in a disaster and "every individual has an incentive to alter the distribution of income in his favor."@@@@1@33@@oe@2-2-2013
21935025@unknown@formal@none@1@S@Price controls were "so fervently embraced by Charleston" because price gouging in this situation is equivalent to looting.@@@@1@18@@oe@2-2-2013
21935026@unknown@formal@none@1@S@Suzanne Foster@@@@1@2@@oe@2-2-2013
21935027@unknown@formal@none@1@S@Galax, Va.@@@@1@2@@oe@2-2-2013
21935028@unknown@formal@none@1@S@Mr. Laband described one of the more insidious threats we face when dealing with disasters such as Hugo -- anti-profiteering ordinances such as that by the Charleston City Council as it thrashed about trying to Do Something.@@@@1@37@@oe@2-2-2013
21935029@unknown@formal@none@1@S@Since he concentrated on the economic folly of such ordinances, he didn't mention certain other of their effects.@@@@1@18@@oe@2-2-2013
21935030@unknown@formal@none@1@S@They divert law-enforcement resources at a time they are most needed for protecting lives and property.@@@@1@16@@oe@2-2-2013
21935031@unknown@formal@none@1@S@Also, rather than increase supplies, they reduce them and encourage hoarding.@@@@1@11@@oe@2-2-2013
21935032@unknown@formal@none@1@S@And they, or even the prospect of them, discourage disaster preparedness in the form of speculative advance stocking of supplies by merchants.@@@@1@22@@oe@2-2-2013
21935033@unknown@formal@none@1@S@N. Joseph Potts@@@@1@3@@oe@2-2-2013
21935034@unknown@formal@none@1@S@Miami Lakes, Fla.@@@@1@3@@oe@2-2-2013
21935035@unknown@formal@none@1@S@Would Mr. Laband also suggest that the Red Cross, Salvation Army, military units, police, fire departments, rescue units and individual citizens cease their efforts to assist Hugo's victims because they interfere with his concept of the "free market"?@@@@1@38@@oe@2-2-2013
21935036@unknown@formal@none@1@S@What about those caring people all over the country who are donating food, water and other necessities of life to these people who could be any of us?@@@@1@28@@oe@2-2-2013
21935037@unknown@formal@none@1@S@Should they, too, stop "messing with" his free market?@@@@1@9@@oe@2-2-2013
21935038@unknown@formal@none@1@S@Maybe he thinks they should also sell to the highest bidder.@@@@1@11@@oe@2-2-2013
21935039@unknown@formal@none@1@S@And what about insurance firms?@@@@1@5@@oe@2-2-2013
21935040@unknown@formal@none@1@S@Should they be required to pay claims based on exorbitant costs for labor and materials?@@@@1@15@@oe@2-2-2013
21935041@unknown@formal@none@1@S@Mr. Laband should beware, since he lives in South Carolina.@@@@1@10@@oe@2-2-2013
21935042@unknown@formal@none@1@S@In a free market, his insurance rates can be raised to recover insurance-company losses.@@@@1@14@@oe@2-2-2013
21935043@unknown@formal@none@1@S@John W. Rush@@@@1@3@@oe@2-2-2013
21935044@unknown@formal@none@1@S@Marietta, Ga.@@@@1@2@@oe@2-2-2013
21935045@unknown@formal@none@1@S@Having been through several tornadoes and hurricanes, I have a different perspective.@@@@1@12@@oe@2-2-2013
21935046@unknown@formal@none@1@S@Mine comes from seeing thriving communities devastated -- but only temporarily.@@@@1@11@@oe@2-2-2013
21935047@unknown@formal@none@1@S@Their recovery came surprisingly fast, and always with the help of neighbors.@@@@1@12@@oe@2-2-2013
21935048@unknown@formal@none@1@S@The shock of seeing homes destroyed and city services disrupted may cause some to confuse priorities such as the true economic value of a freezer full of meat.@@@@1@28@@oe@2-2-2013
21935049@unknown@formal@none@1@S@In Texas after Hurricane Alicia, major grocery chains used their truck fleets to ship essential goods to Houston, no gouging, just good will.@@@@1@23@@oe@2-2-2013
21935050@unknown@formal@none@1@S@Tom Mongan@@@@1@2@@oe@2-2-2013
21935051@unknown@formal@none@1@S@Victoria, Texas@@@@1@2@@oe@2-2-2013
21935052@unknown@formal@none@1@S@We here in the affected areas were dazzled by Mr. Laband's analysis of time values and his comparisons of effectiveness concerning research and development.@@@@1@24@@oe@2-2-2013
21935053@unknown@formal@none@1@S@His theoretical approach and its publication in this venerable paper are no doubt a noteworthy accomplishment for him.@@@@1@18@@oe@2-2-2013
21935054@unknown@formal@none@1@S@Too bad theory fails in practice.@@@@1@6@@oe@2-2-2013
21935055@unknown@formal@none@1@S@We consumers tend to have long memories.@@@@1@7@@oe@2-2-2013
21935056@unknown@formal@none@1@S@The businesses subscribing to Mr. Laband's effective price system will be remembered when normalcy returns.@@@@1@15@@oe@2-2-2013
21935057@unknown@formal@none@1@S@Perhaps, considering the value of our time, we will be unable to patronize their establishments in the post-Hugo era.@@@@1@19@@oe@2-2-2013
21935058@unknown@formal@none@1@S@I have a question for Mr. Laband: How do I explain to the single mother of three standing in line next to me for the past three hours that the two bags of ice she needs to keep her children's food edible will take her last $20?@@@@1@47@@oe@2-2-2013
21935059@unknown@formal@none@1@S@I'm sure she'll appreciate what an efficient reaction to her problems the price system has created.@@@@1@16@@oe@2-2-2013
21935060@unknown@formal@none@1@S@Chris Edgar@@@@1@2@@oe@2-2-2013
21935061@unknown@formal@none@1@S@Myrtle Beach, S.C.@@@@1@3@@oe@2-2-2013
21936001@unknown@formal@none@1@S@This seems to be the season for revivals in Chicago.@@@@1@10@@oe@2-2-2013
21936002@unknown@formal@none@1@S@Though the Cubs' championship season ended with the National League playoffs, a revival of the Organic Theater's production of "Bleacher Bums," a play in nine innings set in the Wrigley Field bleachers, continues within spitting distance of the ballpark.@@@@1@39@@oe@2-2-2013
21936003@unknown@formal@none@1@S@Revivals of a different sort also are being offered by our two major theater troupes, the Goodman and Steppenwolf.@@@@1@19@@oe@2-2-2013
21936004@unknown@formal@none@1@S@Each is more problematic than an unexpected divisional baseball championship, but both help explain why Chicago remains a vital center of this country's regional theater movement.@@@@1@26@@oe@2-2-2013
21936005@unknown@formal@none@1@S@The Goodman is offering a modernized version of Moliere's "The Misanthrope" through Nov. 4.@@@@1@14@@oe@2-2-2013
21936006@unknown@formal@none@1@S@The original is a comedy about Alceste, a man who sees falseness and vanity in everyone except himself.@@@@1@18@@oe@2-2-2013
21936007@unknown@formal@none@1@S@He is the jealous friend of Philinte, and the jealous lover of Celimene.@@@@1@13@@oe@2-2-2013
21936008@unknown@formal@none@1@S@The play is filled with intrigue, dishonesty and injustice.@@@@1@9@@oe@2-2-2013
21936009@unknown@formal@none@1@S@Twenty-five years ago the poet Richard Wilbur modernized this 17th-century comedy merely by avoiding "the zounds sort of thing," as he wrote in his introduction.@@@@1@25@@oe@2-2-2013
21936010@unknown@formal@none@1@S@Otherwise, the scene remained Celimene's house in 1666.@@@@1@8@@oe@2-2-2013
21936011@unknown@formal@none@1@S@Assuming modern audiences readily understand that Moliere's social indictment covers their world as well as 17th-century Paris, Mr. Wilbur concentrated his formidable artistry on rendering the Alexandrine French verse into sprightly and theatrical English iambic pentameter.@@@@1@36@@oe@2-2-2013
21936012@unknown@formal@none@1@S@The Wilbur translation is remarkable -- well worth a read and even better seen in the theater if you ever have the opportunity.@@@@1@23@@oe@2-2-2013
21936013@unknown@formal@none@1@S@But if you happen to be coming to Chicago in the next few weeks, don't fail to have a look at Robert Falls's "The Misanthrope" at the Goodman.@@@@1@28@@oe@2-2-2013
21936014@unknown@formal@none@1@S@If Mr. Wilbur's translation is a finely ground lens through which we see the pettiness and corruption of 17th-century Paris, Mr. Falls's production is a mirror in which we see ourselves.@@@@1@31@@oe@2-2-2013
21936015@unknown@formal@none@1@S@Mr. Falls, the Goodman's artistic director, took a recent adaptation by Neil Bartlett and significantly adapted it.@@@@1@17@@oe@2-2-2013
21936016@unknown@formal@none@1@S@Mr. Bartlett had slimmed Moliere's cast of characters to six and set them in the London media world of Thatcherite Britain.@@@@1@21@@oe@2-2-2013
21936017@unknown@formal@none@1@S@Mr. Falls transfers the setting to Hollywood, and transforms the characters into what passes for aristocracy there -- agents, producers, actors, writers and sycophants.@@@@1@24@@oe@2-2-2013
21936018@unknown@formal@none@1@S@It works.@@@@1@2@@oe@2-2-2013
21936019@unknown@formal@none@1@S@Mr. Bartlett managed to more or less maintain Moliere's Alexandrine verse form, 12 syllable lines in rhyming couplets.@@@@1@18@@oe@2-2-2013
21936020@unknown@formal@none@1@S@Mr. Falls kept the form, but Americanized it with Mr. Bartlett's further help.@@@@1@13@@oe@2-2-2013
21936021@unknown@formal@none@1@S@With a splendid cast led by David Darlow as Alceste, Christina Haag as Celimene and, especially, William Brown as a Philinte who plays the Hollywood game but harbors authentic values and feelings, the Goodman production barrels through an all-night Hollywood party with exuberance and wit.@@@@1@45@@oe@2-2-2013
21936022@unknown@formal@none@1@S@If this version, with its references to Steven Spielberg, Spago and "thirtysomething" attracts younger audiences who might stay away from the classical version, then Messrs. Bartlett and Falls are justified in abandoning Mr. Wilbur.@@@@1@34@@oe@2-2-2013
21936023@unknown@formal@none@1@S@A 300-year-old play may be easier to revive than one merely 25.@@@@1@12@@oe@2-2-2013
21936024@unknown@formal@none@1@S@The Steppenwolf Theatre Company, back from a critical and box office success in London with its adaptation of Steinbeck's "The Grapes of Wrath," opened the new season with Harold Pinter's "The Homecoming," first produced by the Royal Shakespeare Company in 1965.@@@@1@41@@oe@2-2-2013
21936025@unknown@formal@none@1@S@Back then, Mr. Pinter was not only the angry young British playwright, but also the first to use silences and sentence fragments and menacing stares, almost to the exclusion of what we previously understood to be theatrical dialogue.@@@@1@38@@oe@2-2-2013
21936026@unknown@formal@none@1@S@When "The Homecoming" was first produced on this side of the Atlantic, actors and directors were reverential.@@@@1@17@@oe@2-2-2013
21936027@unknown@formal@none@1@S@Silences were lengthy -- nobody moved or gestured.@@@@1@8@@oe@2-2-2013
21936028@unknown@formal@none@1@S@Nobody smiled onstage, and nobody in the audience was encouraged to laugh.@@@@1@12@@oe@2-2-2013
21936029@unknown@formal@none@1@S@This kind of theater was new to us.@@@@1@8@@oe@2-2-2013
21936030@unknown@formal@none@1@S@Also, it was not a funny time over here, what with the Vietnam War, the '68 Democratic convention, assassinations and riots.@@@@1@21@@oe@2-2-2013
21936031@unknown@formal@none@1@S@But under Jerry Perry's direction the current Steppenwolf production, scheduled to play through Nov. 19, breaks through the flat and boring ritual that "The Homecoming" had become.@@@@1@27@@oe@2-2-2013
21936032@unknown@formal@none@1@S@Led by a near-perfect performance by Alan Wilder as Max, the father, the play is at once an appalling and hilarious dissection of a family's rage, bitterness, fear and isolation.@@@@1@30@@oe@2-2-2013
21936033@unknown@formal@none@1@S@Encouraged by Mr. Wilder's sly grins, embarrassed grimaces and sputtering rages, the audience gets the joke and begins to laugh before the end of the first act.@@@@1@27@@oe@2-2-2013
21936034@unknown@formal@none@1@S@Three of the family members, Max and his two sons, Lenny and Joey, live off the flesh: Max is a retired butcher, Lenny a pimp and Joey an aspiring boxer.@@@@1@30@@oe@2-2-2013
21936035@unknown@formal@none@1@S@Sam, Max's brother, has escaped the flesh by working as a liveried chauffeur and never seeking a wife.@@@@1@18@@oe@2-2-2013
21936036@unknown@formal@none@1@S@Teddy, the eldest of Max's sons, has made the most dramatic escape by becoming a professor of philosophy at an American university.@@@@1@22@@oe@2-2-2013
21936037@unknown@formal@none@1@S@Though it's clearly Max's wife who held sway here until her death, now none of the other male residents of this misbegotten household can challenge Max.@@@@1@26@@oe@2-2-2013
21936038@unknown@formal@none@1@S@The play concerns Teddy's homecoming with his wife of six years, Ruth.@@@@1@12@@oe@2-2-2013
21936039@unknown@formal@none@1@S@Curiously, Randall Arney as Teddy seems the only cast member unable to get beyond the zombie approach to a Pinter character.@@@@1@21@@oe@2-2-2013
21936040@unknown@formal@none@1@S@As Ruth, Moira Harris, a large and beautiful woman who may be our next Colleen Dewhurst, begins almost immediately to overpower each of the men.@@@@1@25@@oe@2-2-2013
21936041@unknown@formal@none@1@S@In the end, Teddy returns alone to America, leaving Ruth in Max's chair.@@@@1@13@@oe@2-2-2013
21936042@unknown@formal@none@1@S@We have seen her develop within a few hours from a shy and unknown in-law to a goddess of the flesh who will replace the dead mother, and then some.@@@@1@30@@oe@2-2-2013
21936043@unknown@formal@none@1@S@While Steppenwolf was in London with "The Grapes of Wrath," Bruce Sagan, the president of its board of directors, quietly returned to Chicago to buy a piece of real estate in the city's rapidly reviving North Halsted Street restaurant and theater district.@@@@1@42@@oe@2-2-2013
21936044@unknown@formal@none@1@S@Within a year he hopes Steppenwolf will move into a new 500-seat theater on that site.@@@@1@16@@oe@2-2-2013
21936045@unknown@formal@none@1@S@The troupe currently performs in a converted dairy that seats 211 and provides little capacity for staging anything beyond a simple one-set production.@@@@1@23@@oe@2-2-2013
21936046@unknown@formal@none@1@S@"If we wanted to stage `Death of a Salesman,' " Mr. Sagan says, "Willie Loman would have to live in a ranch house because of the low ceiling."@@@@1@28@@oe@2-2-2013
21936047@unknown@formal@none@1@S@Steppenwolf needs the extra seats even more than the fly space.@@@@1@11@@oe@2-2-2013
21936048@unknown@formal@none@1@S@It's currently forced to turn away many potential subscribers beyond the 13,000 who can be accommodated in its present digs.@@@@1@20@@oe@2-2-2013
21936049@unknown@formal@none@1@S@For all the attention that Chicago theater has received during the past decade, not one new building has been devoted to it.@@@@1@22@@oe@2-2-2013
21936050@unknown@formal@none@1@S@Mr. Sagan, a former publisher and real estate developer, has put together an $8 million financial package that includes approximately $4 million of tax exempt bonds issued by the State of Illinois (the first time that a state has used its educational facilities authority to support construction of a theater), and approximately $1 million in grants from the National Endowment for the Arts, the MacArthur Foundation, and a few other deep pockets.@@@@1@72@@oe@2-2-2013
21936051@unknown@formal@none@1@S@The rest, he is confident, can be raised.@@@@1@8@@oe@2-2-2013
21936052@unknown@formal@none@1@S@His board members alone have pledged $800,000 and he is just beginning to massage local foundations and corporations.@@@@1@18@@oe@2-2-2013
21936053@unknown@formal@none@1@S@Mr. Sagan compares the importance of Steppenwolf with Orson Welles's Mercury Theater in the '30s.@@@@1@15@@oe@2-2-2013
21936054@unknown@formal@none@1@S@But Welles's theater company turned out to have a brief -- one might say a mercurial -- existence.@@@@1@18@@oe@2-2-2013
21936055@unknown@formal@none@1@S@What will Mr. Sagan do with his new theater building if the allure of Hollywood and Broadway proves too much for such Steppenwolf stalwarts as John Malkovich ("Dangerous Liaisons"), Joan Allen ("The Heidi Chronicles"), and Glenne Headly ("Lonesome Dove"), and the company crumbles?@@@@1@43@@oe@2-2-2013
21936056@unknown@formal@none@1@S@"That's OK," Mr. Sagan replies.@@@@1@5@@oe@2-2-2013
21936057@unknown@formal@none@1@S@"Let this building be Steppenwolf's legacy to Chicago theater."@@@@1@9@@oe@2-2-2013
21936058@unknown@formal@none@1@S@Mr. Henning is a Chicago-based law firm management consultant and a writer.@@@@1@12@@oe@2-2-2013
21937001@unknown@formal@none@1@S@After enduring three days of heavy selling, the beleaguered Nasdaq over-the-counter market finally rebounded, rising sharply in hearty trading.@@@@1@19@@oe@2-2-2013
21937002@unknown@formal@none@1@S@The Nasdaq Composite Index jumped 0.7%, or 3.35, to 463.28.@@@@1@10@@oe@2-2-2013
21937003@unknown@formal@none@1@S@It rose more than the New York Stock Exchange Composite, which improved 0.2%.@@@@1@13@@oe@2-2-2013
21937004@unknown@formal@none@1@S@Among bigger stocks, the Nasdaq 100 Index rose 1%, or 4.56, to 453.05, while the Dow Jones Industrial Average was up 0.2%.@@@@1@22@@oe@2-2-2013
21937005@unknown@formal@none@1@S@Richard Bruno, head of OTC trading at PaineWebber, said the OTC market has a habit of lagging big moves on the New York Stock Exchange.@@@@1@25@@oe@2-2-2013
21937006@unknown@formal@none@1@S@While the industrial average rallied on Monday following last Friday's collapse, the OTC market, which didn't suffer too badly during the correction, tumbled.@@@@1@23@@oe@2-2-2013
21937007@unknown@formal@none@1@S@"Our market got hit a lot harder on Monday than the listed market," Mr. Bruno said.@@@@1@16@@oe@2-2-2013
21937008@unknown@formal@none@1@S@"We're just recovering and getting back to business as usual.@@@@1@10@@oe@2-2-2013
21937009@unknown@formal@none@1@S@I'm encouraged by the action."@@@@1@5@@oe@2-2-2013
21937010@unknown@formal@none@1@S@The trading pace was busy, with 4,343 issues and 147.6 million shares changing hands.@@@@1@14@@oe@2-2-2013
21937011@unknown@formal@none@1@S@Advancing issues beat declining ones, 1,271 to 811.@@@@1@8@@oe@2-2-2013
21937012@unknown@formal@none@1@S@Much of the jockeying by OTC traders and investors centered on shares of companies that might be financially affected by damage from the devastating earthquake in northern California.@@@@1@28@@oe@2-2-2013
21937013@unknown@formal@none@1@S@As investors speculated about the long- and short-term implications, shares of a number of companies that might either profit or face problems because of the disaster were actively traded.@@@@1@29@@oe@2-2-2013
21937014@unknown@formal@none@1@S@Heading the list: insurance, construction and technology companies located in the San Francisco Bay Area.@@@@1@15@@oe@2-2-2013
21937015@unknown@formal@none@1@S@Insurance-related stocks were mixed as investors tried to figure out how to assess the impact of the property damage and deaths on those concerns.@@@@1@24@@oe@2-2-2013
21937016@unknown@formal@none@1@S@Traders said property-casualty companies with the heaviest exposure in the San Francisco area include the OTC's Safeco and Ohio Casualty.@@@@1@20@@oe@2-2-2013
21937017@unknown@formal@none@1@S@Frank Gilmartin, a trader who follows insurance stocks for Fox-Pitt Kelton, said his strategy was to sell early.@@@@1@18@@oe@2-2-2013
21937018@unknown@formal@none@1@S@Then, if the stocks fell sharply, he planned to begin buying them aggressively, on the theory that the companies that insure against property damage and accidents will have to raise rates eventually to compensate for the claims they will pay to earthquake victims and victims of last month's Hurricane Hugo.@@@@1@50@@oe@2-2-2013
21937019@unknown@formal@none@1@S@As well, reinsurers and insurance brokerage companies will have improved profits.@@@@1@11@@oe@2-2-2013
21937020@unknown@formal@none@1@S@Many investors expected damage from the hurricane to be the catalyst for higher rates in the industry, which has been depressed because of low rates arising from intense competition.@@@@1@29@@oe@2-2-2013
21937021@unknown@formal@none@1@S@But Mr. Gilmartin said the hurricane damage wasn't extensive enough to prompt premium boosts.@@@@1@14@@oe@2-2-2013
21937022@unknown@formal@none@1@S@"The companies just gave back what they had reserved for," he said.@@@@1@12@@oe@2-2-2013
21937023@unknown@formal@none@1@S@"Now, they'll have to increase their coffers to protect for the future and that means rate increases."@@@@1@17@@oe@2-2-2013
21937024@unknown@formal@none@1@S@Overall OTC insurance issues were mixed.@@@@1@6@@oe@2-2-2013
21937025@unknown@formal@none@1@S@Safeco fell 1/8 to 32 5/8 on 462,900 shares.@@@@1@9@@oe@2-2-2013
21937026@unknown@formal@none@1@S@Ohio Casualty rose 1/4 to 51 3/4 on 137,200 shares.@@@@1@10@@oe@2-2-2013
21937027@unknown@formal@none@1@S@St. Paul Cos. jumped 2 to 59 3/4 on 517,500 shares.@@@@1@11@@oe@2-2-2013
21937028@unknown@formal@none@1@S@Academy Insurance fell 1/32 to 1 3/16; but volume totaled 1.2 million shares.@@@@1@13@@oe@2-2-2013
21937029@unknown@formal@none@1@S@The Nasdaq Insurance Index jumped 4.15 to 529.32 on the day, while the barometer of big insurance and banking issues climbed 1.72 to 455.29.@@@@1@24@@oe@2-2-2013
21937030@unknown@formal@none@1@S@Investors expect SunGard Data Systems, a company that provides disaster recovery services for computer-dependent businesses, to profit from the earthquake.@@@@1@20@@oe@2-2-2013
21937031@unknown@formal@none@1@S@SunGard's stock rose 1 3/4 to 21 1/4 on 194,000 shares.@@@@1@11@@oe@2-2-2013
21937032@unknown@formal@none@1@S@Shares of Kasler, a California road and bridge builder, were heavily traded, jumping 2 1/8 to 9 7/8 on 1.3 million shares.@@@@1@22@@oe@2-2-2013
21937033@unknown@formal@none@1@S@Guy F. Atkinson added 7/8 to 16 7/8, on 335,700 shares.@@@@1@11@@oe@2-2-2013
21937034@unknown@formal@none@1@S@The company, based in San Francisco, provides industrial infrastructure engineering and construction services.@@@@1@13@@oe@2-2-2013
21937035@unknown@formal@none@1@S@Traders were initially nervous about shares of companies, including many leading OTC computer companies, such as Apple Computer with offices in the vicinity of the area damaged by the quake.@@@@1@30@@oe@2-2-2013
21937036@unknown@formal@none@1@S@But most of those stocks fared well.@@@@1@7@@oe@2-2-2013
21937037@unknown@formal@none@1@S@Apple Computer gained 1 to 48 1/4; Ashton-Tate rose 3/8 to 10 3/8.@@@@1@13@@oe@2-2-2013
21937038@unknown@formal@none@1@S@Intel also added 3/8 to 33 7/8.@@@@1@7@@oe@2-2-2013
21937039@unknown@formal@none@1@S@But Sun Microsystems slipped 1/4 to 17 1/4.@@@@1@8@@oe@2-2-2013
21937040@unknown@formal@none@1@S@Shares of biotechnology companies in the area were also higher.@@@@1@10@@oe@2-2-2013
21937041@unknown@formal@none@1@S@Chiron was up 1/2 to 27 and Cetus gained 1/2 to 16 3/8.@@@@1@13@@oe@2-2-2013
21937042@unknown@formal@none@1@S@The stocks of computer-related companies located outside California improved, too.@@@@1@10@@oe@2-2-2013
21937043@unknown@formal@none@1@S@Microsoft advanced 1 7/8 to 80 1/2 and Lotus Development added 1 1/4 to 32 1/2.@@@@1@16@@oe@2-2-2013
21937044@unknown@formal@none@1@S@In other earthquake-related news, Hambrecht & Quist's OTC market makers were excused from trading yesterday and its positions were frozen for the day by the National Association of Securities Dealers.@@@@1@30@@oe@2-2-2013
21937045@unknown@formal@none@1@S@Power couldn't be restored at the company's San Francisco headquarters to allow trading yesterday morning.@@@@1@15@@oe@2-2-2013
21937046@unknown@formal@none@1@S@In New York, Roger Killion, a Hambrecht executive vice president, said he expects OTC trading at the company to resume this morning, either in New York or in San Francisco.@@@@1@30@@oe@2-2-2013
21937047@unknown@formal@none@1@S@In other trading, Medco Containment Services gained 7/8 to 15 on 1.9 million shares after reporting a loss for the first quarter, which ended Sept. 30.@@@@1@26@@oe@2-2-2013
21937048@unknown@formal@none@1@S@The company earned $6.6 million in the year-earlier quarter.@@@@1@9@@oe@2-2-2013
21937049@unknown@formal@none@1@S@Jaguar's American depositary receipts added 3/8 to 10 3/4 on volume of 1.1 million.@@@@1@14@@oe@2-2-2013
21937050@unknown@formal@none@1@S@Analysts in London believe investors, despite their stampede to dump takeover stocks, should hold on tight to their Jaguar shares, this newspaper's Heard on the Street column said yesterday.@@@@1@29@@oe@2-2-2013
21937051@unknown@formal@none@1@S@Amgen rose 1 1/2 to 50 3/4 in heavy trading.@@@@1@10@@oe@2-2-2013
21937052@unknown@formal@none@1@S@Analysts figure Amgen could benefit as a result of troubles facing its competitor, Genetics Institute, over the anti-anemia drug EPO.@@@@1@20@@oe@2-2-2013
21937053@unknown@formal@none@1@S@Genetics Institute disclosed recently that it is embroiled in a dispute with Boehringer Mannheim, which distributes the drug, regarding the usability of some batches.@@@@1@24@@oe@2-2-2013
21938001@unknown@formal@none@1@S@Ciba-Geigy Ltd. and Chiron Corp. said they extended their offer for Connaught BioSciences Inc., valued at 866 million Canadian dollars (US$736 million) to Oct. 27.@@@@1@25@@oe@2-2-2013
21938002@unknown@formal@none@1@S@The companies earlier said they didn't want to raise their offer to match a rival bid by Institut Merieux S.A. of C$37 a share, or C$942 million.@@@@1@27@@oe@2-2-2013
21938003@unknown@formal@none@1@S@But they said the C$30-a-share bid, which was due to expire Monday, may still be extended or varied.@@@@1@18@@oe@2-2-2013
21938004@unknown@formal@none@1@S@Merieux, a vaccine manufacturer based in Lyon, France, is 51%-held by French state-owned Rhone-Poulenc S.A.@@@@1@15@@oe@2-2-2013
21938005@unknown@formal@none@1@S@Ciba-Geigy is a major pharmaceutical concern based in Basel, Switzerland.@@@@1@10@@oe@2-2-2013
21938006@unknown@formal@none@1@S@Chiron, another pharmaceutical concern, is based in Emeryville, Calif.@@@@1@9@@oe@2-2-2013
21938007@unknown@formal@none@1@S@Connaught is a biotechnology research and vaccine manufacturing concern.@@@@1@9@@oe@2-2-2013
21938008@unknown@formal@none@1@S@Institut Merieux's bid for Toronto-based Connaught has run into problems with the Canadian government, which told Merieux last week that it wasn't convinced that the proposed acquisition would be of "net benefit" to Canada.@@@@1@34@@oe@2-2-2013
21938009@unknown@formal@none@1@S@Merieux officials are expected to meet with federal officials in Ottawa today to discuss the decision.@@@@1@16@@oe@2-2-2013
21939001@unknown@formal@none@1@S@Within minutes after the stock market closed Friday, I called Sen. Bill Bradley of New Jersey, advised him that the Dow Jones Industrial Average had declined by 190 points late that afternoon, and cheerfully informed him that he and his fellow Democrats were to blame.@@@@1@45@@oe@2-2-2013
21939002@unknown@formal@none@1@S@They had dealt a major setback that afternoon to President Bush's capital-gains tax cut proposal, which had seemed in the bag after it passed the House overwhelmingly earlier in the month.@@@@1@31@@oe@2-2-2013
21939003@unknown@formal@none@1@S@Sen. Bradley has it in his mind that such a tax cut would unravel the tax reform he helped engineer in 1986.@@@@1@22@@oe@2-2-2013
21939004@unknown@formal@none@1@S@But he knows that as many as 20 of his fellow Democrats are disposed to vote for the cut, popular among their constituents.@@@@1@23@@oe@2-2-2013
21939005@unknown@formal@none@1@S@As a result, he took the lead in arguing that the cut should be blocked on procedural grounds.@@@@1@18@@oe@2-2-2013
21939006@unknown@formal@none@1@S@He helped persuade 10 of these senators to support him and Majority Leader George Mitchell on these grounds.@@@@1@18@@oe@2-2-2013
21939007@unknown@formal@none@1@S@The budget reconciliation had to be dealt with by the Oct. 15 deadline, and these Senate Democrats refused to agree to allow a vote to append capital gains to the budget bill, knowing it would pass.@@@@1@36@@oe@2-2-2013
21939008@unknown@formal@none@1@S@Denied a vote on substance, the GOP leadership in the Senate on Friday morning was confronted with a hard choice.@@@@1@20@@oe@2-2-2013
21939009@unknown@formal@none@1@S@It could throw in the towel and hope to win on capital gains late this month, or it could follow the White House strategy, to veto reconciliation unless capital gains was appended.@@@@1@32@@oe@2-2-2013
21939010@unknown@formal@none@1@S@The U.S. Chamber of Commerce has been in the forefront in supporting the Bush proposal.@@@@1@15@@oe@2-2-2013
21939011@unknown@formal@none@1@S@It endorsed the White House strategy, believing it to be the surest way to victory.@@@@1@15@@oe@2-2-2013
21939012@unknown@formal@none@1@S@At noon Friday, a senior White House official advised Richard Rahn, the Chamber's chief economist, that the White House would not agree to a budget reconciliation bill unless it had firm assurances that a vote on substance would be permitted in the Senate.@@@@1@43@@oe@2-2-2013
21939013@unknown@formal@none@1@S@Two hours later, the first word emerged on Capitol Hill that the administration had agreed to reconciliation with no such assurances from Senate Democrats.@@@@1@24@@oe@2-2-2013
21939014@unknown@formal@none@1@S@Mr. Rahn was shocked, telephoning the office of Richard Darman, director of the Office of Management and Budget, and the administration's chief strategist on this issue.@@@@1@26@@oe@2-2-2013
21939015@unknown@formal@none@1@S@He left a message accusing Mr. Darman of selling out.@@@@1@10@@oe@2-2-2013
21939016@unknown@formal@none@1@S@It was the Senate Republicans, though, who had edged away from the veto strategy.@@@@1@14@@oe@2-2-2013
21939017@unknown@formal@none@1@S@The stock market reacted as Mr. Rahn did, crumbling as it absorbed the news that Mr. Darman's strategy had been abandoned.@@@@1@21@@oe@2-2-2013
21939018@unknown@formal@none@1@S@The stock market, after all, represents the collective expectations about the value of the future income stream of the nation's capital stock, discounted to present value.@@@@1@26@@oe@2-2-2013
21939019@unknown@formal@none@1@S@Why should it be so surprising that a 30% cut in the capital-gains tax would have such an enormous impact on the value of the nation's capital stock?@@@@1@28@@oe@2-2-2013
21939020@unknown@formal@none@1@S@The total value of privately held assets is easily more than $15 trillion.@@@@1@13@@oe@2-2-2013
21939021@unknown@formal@none@1@S@The value traded on the exchanges is close to $3 trillion.@@@@1@11@@oe@2-2-2013
21939022@unknown@formal@none@1@S@If the tax on any gain to those assets was doubled, wouldn't the value fall to the owners of the assets?@@@@1@21@@oe@2-2-2013
21939023@unknown@formal@none@1@S@Isn't it reasonable to assume that the asset you own would be worth more if the government suddenly announced that if you sold it, you would be able to keep 30% more of its gain than you previously believed?@@@@1@39@@oe@2-2-2013
21939024@unknown@formal@none@1@S@Indeed, the stock market's steady advance this year tracked with President Bush's success in advancing his capital-gains proposal.@@@@1@18@@oe@2-2-2013
21939025@unknown@formal@none@1@S@A 30% cut in this year's capital gains alone amounts to roughly $50 billion.@@@@1@14@@oe@2-2-2013
21939026@unknown@formal@none@1@S@We're talking real money.@@@@1@4@@oe@2-2-2013
21939027@unknown@formal@none@1@S@When Richard Rahn advised the financial press that the market crash was caused by the setback to capital gains, he was generally ignored and mildly ridiculed.@@@@1@26@@oe@2-2-2013
21939028@unknown@formal@none@1@S@Instead, the press corps readily accepted the notion that a snag in the takeover financing of United Airlines instantly knocked 7% off the value of the nation's capital stock and caused convulsions around the world.@@@@1@35@@oe@2-2-2013
21939029@unknown@formal@none@1@S@Mr. Rahn was pointing out an elephant rumbling through Wall Street while conventional wisdom had fastened on the UAL flea.@@@@1@20@@oe@2-2-2013
21939030@unknown@formal@none@1@S@Why is this happening?@@@@1@4@@oe@2-2-2013
21939031@unknown@formal@none@1@S@For one thing, quite a number of the leading spokesmen on Wall Street are not portfolio managers, who understand that the value of assets is greatly affected by how government taxes those assets.@@@@1@33@@oe@2-2-2013
21939032@unknown@formal@none@1@S@They are economists and financial reporters who sympathize with the view that a capital-gains tax cut benefits the rich.@@@@1@19@@oe@2-2-2013
21939033@unknown@formal@none@1@S@Yet they somehow think that Wall Street is indifferent to losing the tax cut that seemed so close Friday morning and is now problematic.@@@@1@24@@oe@2-2-2013
21939034@unknown@formal@none@1@S@The market rebound Monday followed weekend assurances from Mr. Darman that the administration has other plans to win the cut, which is alive and well.@@@@1@25@@oe@2-2-2013
21939035@unknown@formal@none@1@S@Sen. Bradley's argument is that a capital-gains tax cut would be bad for the economy in the longer run.@@@@1@19@@oe@2-2-2013
21939036@unknown@formal@none@1@S@It would inevitably lead to an increase in marginal income-tax rates in 1990, he thinks, when the White House is forced to ask for higher taxes to meet budget targets.@@@@1@30@@oe@2-2-2013
21939037@unknown@formal@none@1@S@That is, with capital gains cut, the glue of the 1986 accord will be gone, and political realities will push up income-tax rates.@@@@1@23@@oe@2-2-2013
21939038@unknown@formal@none@1@S@The counter-argument, which he has heard, is that if he and his fellow Democrats are successful in killing the president's proposal, the revenue gap will open up tremendously in 1990 because of the weakened economy.@@@@1@35@@oe@2-2-2013
21939039@unknown@formal@none@1@S@In this atmosphere, there would be no serious consideration of tax increases.@@@@1@12@@oe@2-2-2013
21939040@unknown@formal@none@1@S@If Sen. Bradley would permit a vote on capital gains, though, it would pass, Christmas retail sales would be strong instead of burdened by a falling stock market, the 1990 economy would be robust, and the revenue gains at every level of government, including New Jersey's, would be surprisingly high.@@@@1@50@@oe@2-2-2013
21939041@unknown@formal@none@1@S@No tax increases would be necessary.@@@@1@6@@oe@2-2-2013
21939042@unknown@formal@none@1@S@The struggle over capital gains is the most important game in town.@@@@1@12@@oe@2-2-2013
21939043@unknown@formal@none@1@S@In Washington and on Wall Street.@@@@1@6@@oe@2-2-2013
21939044@unknown@formal@none@1@S@Mr. Wanniski is president of Polyconomics Inc., of Morristown, N.J.@@@@1@10@@oe@2-2-2013
21940001@unknown@formal@none@1@S@Federal prosecutors said they have obtained a guilty plea from another person in the government's ongoing probe of illegal payments in the record industry.@@@@1@24@@oe@2-2-2013
21940002@unknown@formal@none@1@S@William Craig, an independent record promoter, pleaded guilty to payola and criminal tax charges, according to a statement issued by Gary Feess, the U.S. attorney here.@@@@1@26@@oe@2-2-2013
21940003@unknown@formal@none@1@S@Payola is the practice of making illegal, undisclosed payments to radio station personnel in return for getting the stations to play certain songs over the air.@@@@1@26@@oe@2-2-2013
21940004@unknown@formal@none@1@S@As part of his plea agreement with the government, the 44-year-old Mr. Craig faces a maximum of three years in prison.@@@@1@21@@oe@2-2-2013
21940005@unknown@formal@none@1@S@In return, Mr. Craig agreed to cooperate in the government's continuing payola probe, says a spokeswoman for the U.S. attorney's office.@@@@1@21@@oe@2-2-2013
21940006@unknown@formal@none@1@S@Mr. Craig and three others were indicted last year as part of that payola probe.@@@@1@15@@oe@2-2-2013
21940007@unknown@formal@none@1@S@Two other defendants previously pleaded guilty, and charges against the third were dropped.@@@@1@13@@oe@2-2-2013
21941001@unknown@formal@none@1@S@Companies listed below reported quarterly profit substantially different from the average of analysts' estimates.@@@@1@14@@oe@2-2-2013
21941002@unknown@formal@none@1@S@The companies are followed by at least three analysts, and had a minimum five-cent change in actual earnings per share.@@@@1@20@@oe@2-2-2013
21941003@unknown@formal@none@1@S@Estimated and actual results involving losses are omitted.@@@@1@8@@oe@2-2-2013
21941004@unknown@formal@none@1@S@The percent difference compares actual profit with the 30-day estimate where at least three analysts have issues forecasts in the past 30 days.@@@@1@23@@oe@2-2-2013
21941005@unknown@formal@none@1@S@Otherwise, actual profit is compared with the 300-day estimate.@@@@1@9@@oe@2-2-2013
21942001@unknown@formal@none@1@S@Grumman Corp. was awarded a $53.1 million Navy contract for advanced acquisition of six E-2C tactical control aircraft.@@@@1@18@@oe@2-2-2013
21942002@unknown@formal@none@1@S@LTV Corp. won a $25 million Army contract for missile test equipment.@@@@1@12@@oe@2-2-2013
21942003@unknown@formal@none@1@S@Unisys Corp. received a $24.4 million Air Force contract for computer programming.@@@@1@12@@oe@2-2-2013
21942004@unknown@formal@none@1@S@Ford Aerospace & Communications Corp., a unit of Ford Motor Co., was awarded a $15.9 million Air Force contract for computer improvements.@@@@1@22@@oe@2-2-2013
21942005@unknown@formal@none@1@S@Rockwell International Corp. was issued a $12.5 million Air Force contract for changes in the National Aerospace Plane.@@@@1@18@@oe@2-2-2013
21943001@unknown@formal@none@1@S@The Tennessee Valley Authority issued $4 billion in bonds in the federal utility's first public debt offering in 15 years.@@@@1@20@@oe@2-2-2013
21943002@unknown@formal@none@1@S@Proceeds from the bonds, with coupon rates in the 8% range, will be used to replace bonds with an average interest rate of 13.1%.@@@@1@24@@oe@2-2-2013
21943003@unknown@formal@none@1@S@The TVA said the refinancing should save $75 million a year in interest payments.@@@@1@14@@oe@2-2-2013
21943004@unknown@formal@none@1@S@The refinancing is part of the TVA's strategy of dealing with what has been an intractable problem: its staggering $18.5 billion debt, most of which is owed to the Treasury Department's Federal Financing Bank.@@@@1@34@@oe@2-2-2013
21943005@unknown@formal@none@1@S@The TVA currently plans to issue a total of $6.7 billion in bonds to refinance its high-interest debt.@@@@1@18@@oe@2-2-2013
21943006@unknown@formal@none@1@S@The $4 billion bond issue also will help the TVA meet its goal of not raising rates for another year, said William F. Malec, the agency's chief financial officer.@@@@1@29@@oe@2-2-2013
21943007@unknown@formal@none@1@S@The bond issue is TVA's first public offering since the Financing Bank was created in 1974, primarily to finance the TVA.@@@@1@21@@oe@2-2-2013
21943008@unknown@formal@none@1@S@But the offering almost didn't happen.@@@@1@6@@oe@2-2-2013
21943009@unknown@formal@none@1@S@The TVA, in fact, decided to proceed with the bond offering following an agreement last week with the Financing Bank, which allows TVA to keep borrowing short term from the bank for two years after it goes to the public market.@@@@1@41@@oe@2-2-2013
21943010@unknown@formal@none@1@S@The Treasury contended that TVA couldn't borrow from both it and the public debt market.@@@@1@15@@oe@2-2-2013
21943011@unknown@formal@none@1@S@The $4 billion in bonds break down as follows: $1 billion in five-year bonds with a coupon rate of 8.25% and a yield to maturity of 8.33%; $1 billion in 10-year bonds with a coupon rate of 8.375% and a yield to maturity of 8.42%; $2 billion in 30-year bonds with five-year call protection, a coupon rate of 8.75% and a yield to maturity of 9.06%.@@@@1@66@@oe@2-2-2013
21943012@unknown@formal@none@1@S@Managing the bond issue is a group of investment banks headed by First Boston Corp. and co-managed by Goldman, Sachs & Co., Merrill Lynch Capital Markets, Morgan Stanley & Co., and Salomon Brothers Inc.@@@@1@34@@oe@2-2-2013
21944001@unknown@formal@none@1@S@Mutual-fund czar John M. Templeton has put his money where his moniker is, pouring $1.4 million into one of his own funds, the Templeton Value Fund.@@@@1@26@@oe@2-2-2013
21944002@unknown@formal@none@1@S@Mr. Templeton owns shares in several of the 33 funds that his firm manages, but only in three of the 10 available to U.S. investors, according to filings with the Securities and Exchange Commission.@@@@1@34@@oe@2-2-2013
21944003@unknown@formal@none@1@S@Those are Templeton Global Income, Templeton Emerging Markets and now the Value Fund.@@@@1@13@@oe@2-2-2013
21944004@unknown@formal@none@1@S@Why did he add the Value Fund to the list?@@@@1@10@@oe@2-2-2013
21944005@unknown@formal@none@1@S@Because he's very bullish on the emerging growth stocks that make up the fund's portfolio, Mr. Templeton said from his Bahamas hideaway.@@@@1@22@@oe@2-2-2013
21944006@unknown@formal@none@1@S@"Emerging growth stocks haven't been popular in America for years, they've been neglected," he said, and their prices often trail the market as a whole.@@@@1@25@@oe@2-2-2013
21944007@unknown@formal@none@1@S@Mr. Templeton's 147,300-share purchase in the closed-end fund came before the U.S. stock market's plunge last Friday, but still proved slightly profitable.@@@@1@22@@oe@2-2-2013
21944008@unknown@formal@none@1@S@Mr. Templeton bought his shares in several separate purchases between Aug. 30 and Sept. 28, according to reports with the SEC.@@@@1@21@@oe@2-2-2013
21944009@unknown@formal@none@1@S@He bought at share prices ranging from $9.375 to $9.625.@@@@1@10@@oe@2-2-2013
21944010@unknown@formal@none@1@S@The fund closed yesterday in New York Stock Exchange composite trading at $9.625, up 12.5 cents.@@@@1@16@@oe@2-2-2013
21944011@unknown@formal@none@1@S@In addition, Mr. Templeton received a dividend of 22 cents a share Oct. 5.@@@@1@14@@oe@2-2-2013
21944012@unknown@formal@none@1@S@RIVER RUN:@@@@1@2@@oe@2-2-2013
21944013@unknown@formal@none@1@S@A senior vice president and a vice president at James River Corp. sold the majority of their shares in the Richmond, Va., paper-products concern in late August and early September, reports filed with the SEC show.@@@@1@36@@oe@2-2-2013
21944014@unknown@formal@none@1@S@The executives, who got $30.88 a share for the stock, showed good timing.@@@@1@13@@oe@2-2-2013
21944015@unknown@formal@none@1@S@In Big Board trading yesterday, James River shares closed at $28.375, down 12.5 cents.@@@@1@14@@oe@2-2-2013
21944016@unknown@formal@none@1@S@On Sept. 6, Robert Joseph Sherry, the firm's senior vice president of employee and public relations, sold 4,000 shares, leaving himself with 1,062 shares of James River.@@@@1@27@@oe@2-2-2013
21944017@unknown@formal@none@1@S@Including a sale of stock last February, Mr. Sherry has sold 88% of his stake in the company this year, according to SEC filings.@@@@1@24@@oe@2-2-2013
21944018@unknown@formal@none@1@S@Mr. Sherry declined to comment when asked about the sales.@@@@1@10@@oe@2-2-2013
21944019@unknown@formal@none@1@S@James A. Toney, a vice president, sold 1,500 shares Aug. 28.@@@@1@11@@oe@2-2-2013
21944020@unknown@formal@none@1@S@He still has 1,143 shares, according to SEC files.@@@@1@9@@oe@2-2-2013
21944021@unknown@formal@none@1@S@Mr. Toney also declined to comment.@@@@1@6@@oe@2-2-2013
21944022@unknown@formal@none@1@S@INTEREST-RATE PLAYER:@@@@1@2@@oe@2-2-2013
21944023@unknown@formal@none@1@S@Cincinnati Gas & Electric Co. tops the companies portion of the accompanying Insider Trading table this week.@@@@1@17@@oe@2-2-2013
21944024@unknown@formal@none@1@S@Three of the utility's directors have at least doubled their holdings in the company since July.@@@@1@16@@oe@2-2-2013
21944025@unknown@formal@none@1@S@The largest purchase was by Dudley Taft, who bought 4,400 shares for $125,075.@@@@1@13@@oe@2-2-2013
21944026@unknown@formal@none@1@S@Mr. Taft, who is also president of Taft Broadcasting Co., said he bought the shares because he keeps a utility account at the brokerage firm of Salomon Brothers Inc., which had recommended the stock as a good buy.@@@@1@38@@oe@2-2-2013
21944027@unknown@formal@none@1@S@Salomon Brothers confirmed that it has had a buy recommendation on the stock for about two years.@@@@1@17@@oe@2-2-2013
21944028@unknown@formal@none@1@S@"Cincinnati Gas & Electric is in good shape," Mr. Taft said, and utilities are "a good investment because interest rates are going down."@@@@1@23@@oe@2-2-2013
21944029@unknown@formal@none@1@S@Mr. Taft paid an average of $28.43 for each share.@@@@1@10@@oe@2-2-2013
21944030@unknown@formal@none@1@S@The stock closed yesterday on the Big Board at $28.75, down 12.5 cents.@@@@1@13@@oe@2-2-2013
21944031@unknown@formal@none@1@S@The two other directors bought 1,000 and 1,900 shares, respectively, at prices between $28.15 a share and $28.75 a share, filings with the SEC show.@@@@1@25@@oe@2-2-2013
21944032@unknown@formal@none@1@S@The two couldn't be reached for comment.@@@@1@7@@oe@2-2-2013
21944033@unknown@formal@none@1@S@A company spokesman said he couldn't explain their sudden bullishness.@@@@1@10@@oe@2-2-2013
21944034@unknown@formal@none@1@S@"I don't know of any news or anything unusual happening here," said Bruce Stoecklin, director of media services.@@@@1@18@@oe@2-2-2013
21944035@unknown@formal@none@1@S@Peter Pae in Pittsburgh contributed to this article.@@@@1@8@@oe@2-2-2013
21945001@unknown@formal@none@1@S@T. Rowe Price Associates Inc. said directors recommended stockholders approve a 2-for-1 stock split and an increase in authorized shares to 25 million from 10 million.@@@@1@26@@oe@2-2-2013
21945002@unknown@formal@none@1@S@Stockholders will vote on the proposal at a meeting Dec. 13.@@@@1@11@@oe@2-2-2013
21945003@unknown@formal@none@1@S@T. Rowe Price is an investment adviser to mutual funds, institutions and individuals.@@@@1@13@@oe@2-2-2013
21946001@unknown@formal@none@1@S@In one of the first indoor air-pollution cases to go to trial, a state-court jury decided in favor of the defendant, Burlington Industries Inc.@@@@1@24@@oe@2-2-2013
21946002@unknown@formal@none@1@S@The verdict, reached late last week in Cincinnati, may end an eight-year legal battle for the Greensboro, N.C., carpet maker.@@@@1@20@@oe@2-2-2013
21946003@unknown@formal@none@1@S@Glenn and Sharon Beebe of Cincinnati had sued the com- pany in 1981 after installing Burlington carpets in their office.@@@@1@20@@oe@2-2-2013
21946004@unknown@formal@none@1@S@The Beebes alleged that toxic fumes from the carpets made them sick.@@@@1@12@@oe@2-2-2013
21946005@unknown@formal@none@1@S@As a result of their illness, the Beebes said, they lost $1.8 million in wages and earnings.@@@@1@17@@oe@2-2-2013
21946006@unknown@formal@none@1@S@In addition, they said that months of exposure to the chemicals has left them sensitive to a wide range of commonly used substances.@@@@1@23@@oe@2-2-2013
21946007@unknown@formal@none@1@S@The case had been closely watched because attorneys anticipate increasing litigation nationally over the so-called sick-building syndrome.@@@@1@17@@oe@2-2-2013
21946008@unknown@formal@none@1@S@Plaintiffs' lawyers say that buildings become "sick" when inadequate fresh air and poor ventilation systems lead pollutants to build up inside.@@@@1@21@@oe@2-2-2013
21946009@unknown@formal@none@1@S@Anthony J. Iaciofano, a lawyer for Burlington, said the company believes the Beebes' symptoms were not related to the carpeting.@@@@1@20@@oe@2-2-2013
21946010@unknown@formal@none@1@S@He said that ill effects from new carpets manifest themselves immediately but that the Beebes' symptoms appeared months later.@@@@1@19@@oe@2-2-2013
21946011@unknown@formal@none@1@S@Catherine Adams, the Beebes' lawyer, said the verdict would not discourage other plaintiffs from filing such suits.@@@@1@17@@oe@2-2-2013
21946012@unknown@formal@none@1@S@Scientists are only beginning to understand what causes sick-building syndrome and much of that research was unavailable when the Beebes filed the case, she said.@@@@1@25@@oe@2-2-2013
21946013@unknown@formal@none@1@S@The Beebes now believe that a prime culprit for their injuries was fumes from an adhesive used in the carpeting.@@@@1@20@@oe@2-2-2013
21946014@unknown@formal@none@1@S@But the Beebes didn't come to that conclusion until time limits had elapsed for adding the adhesives maker as a defendant in the case, Ms. Adams said.@@@@1@27@@oe@2-2-2013
21946015@unknown@formal@none@1@S@The Beebes have not yet decided whether to appeal.@@@@1@9@@oe@2-2-2013
21946016@unknown@formal@none@1@S@TIMES SQUARE development opponents are dealt setback.@@@@1@7@@oe@2-2-2013
21946017@unknown@formal@none@1@S@The Appellate Division of New York State Supreme Court dismissed six lawsuits attempting to block a $2.5 billion project planned for 42nd Street in Manhattan.@@@@1@25@@oe@2-2-2013
21946018@unknown@formal@none@1@S@Opponents of the project had claimed that the city and the state of New York, which are co-sponsoring the project, had failed to adhere to environmental guidelines.@@@@1@27@@oe@2-2-2013
21946019@unknown@formal@none@1@S@All but two of the 40 or so lawsuits that have been filed since the project's 1984 approval have been dismissed before the trial stage.@@@@1@25@@oe@2-2-2013
21946020@unknown@formal@none@1@S@The two that remain haven't yet reached the pre-trial fact-finding stage.@@@@1@11@@oe@2-2-2013
21946021@unknown@formal@none@1@S@State officials said the court's ruling clears the way for proceedings to condemn buildings in the area.@@@@1@17@@oe@2-2-2013
21946022@unknown@formal@none@1@S@"This project is ready to move," said State Urban Development Corp. Chairman Vincent Tese.@@@@1@14@@oe@2-2-2013
21946023@unknown@formal@none@1@S@But developers of four planned office towers cautioned that obstacles still remain.@@@@1@12@@oe@2-2-2013
21946024@unknown@formal@none@1@S@As part of the agreement with the state, the developers -- a partnership of Park Tower Realty and Prudential Insurance Co. of America -- said they would not proceed with condemnation proceedings while there was "significant litigation" pending.@@@@1@38@@oe@2-2-2013
21946025@unknown@formal@none@1@S@Park Tower General Counsel Matthew Mayer said the development team will have to review two additional lawsuits before putting up a $155 million letter of credit to cover condemnation costs.@@@@1@30@@oe@2-2-2013
21946026@unknown@formal@none@1@S@Also, he said, the partnership is waiting to see whether the appellate division's ruling will be appealed.@@@@1@17@@oe@2-2-2013
21946027@unknown@formal@none@1@S@The plan, which has been plagued with delays and business-related setbacks, seeks to transform the area from a seedy thoroughfare to a more wholesome office and theater district.@@@@1@28@@oe@2-2-2013
21946028@unknown@formal@none@1@S@State and city officials are still negotiating with developers to renovate historic theaters and build and operate a merchandise mart and hotel.@@@@1@22@@oe@2-2-2013
21946029@unknown@formal@none@1@S@FEDERAL JUDGE EXPANDS role of U.S. courts in extradition decisions.@@@@1@10@@oe@2-2-2013
21946030@unknown@formal@none@1@S@U.S. District Judge Jack B. Weinstein of Brooklyn, N.Y., ruled that a man implicated in an attack on an Israeli passenger bus in 1986 can be extradited to Israel for trial.@@@@1@31@@oe@2-2-2013
21946031@unknown@formal@none@1@S@A magistrate had initially refused the request, ruling that the attack had been a political act for which the man, Mahmoud El-Abed Ahmad, would be exempt from extradition.@@@@1@28@@oe@2-2-2013
21946032@unknown@formal@none@1@S@However, Judge Weinstein wrote in his opinion late last month that terrorism and acts of war against civilians cannot be defined as political acts.@@@@1@24@@oe@2-2-2013
21946033@unknown@formal@none@1@S@Judge Weinstein also ruled that judges must consider prior to extradition whether the defendant will be treated fairly in a foreign court.@@@@1@22@@oe@2-2-2013
21946034@unknown@formal@none@1@S@To do so, the judge said, the U.S. courts must review the judicial process in the foreign country independently of the State Department's assessment.@@@@1@24@@oe@2-2-2013
21946035@unknown@formal@none@1@S@He said that in this case he concurred with the State Department's decision that Mr. Ahmad should be extradited.@@@@1@19@@oe@2-2-2013
21946036@unknown@formal@none@1@S@Mr. Ahmad's lawyer said he would appeal.@@@@1@7@@oe@2-2-2013
21946037@unknown@formal@none@1@S@Lawyers close to the case said they believed the ruling was unprecedented.@@@@1@12@@oe@2-2-2013
21946038@unknown@formal@none@1@S@"Up until now the courts have said it is not their role to supervise the foreign country's courts," said Jacques Semmelman, the assistant U.S. attorney on the case.@@@@1@28@@oe@2-2-2013
21946039@unknown@formal@none@1@S@FORMER CANADIAN AMBASSADOR to the U.S. Allan E. Gotlieb has joined the Philadelphia law firm of Pepper, Hamilton & Scheetz as a consultant.@@@@1@23@@oe@2-2-2013
21946040@unknown@formal@none@1@S@Mr. Gotlieb, who serves as a consultant to Stikeman, Elliott, one of Canada's biggest law firms, is advising Pepper Hamilton's Washington office on legal matters related to Canadian-U.S. investment, corporate finance and international transactions.@@@@1@34@@oe@2-2-2013
21946041@unknown@formal@none@1@S@QUOTABLE:@@@@1@1@@oe@2-2-2013
21946042@unknown@formal@none@1@S@In a speech prepared for delivery in New York yesterday, retired Justice Lewis Powell contested the notion that the last Supreme Court term marked a turn toward conservatism: "Commentators who agreed on little else unanimously proclaimed a `shift in direction' on the court. . . .@@@@1@46@@oe@2-2-2013
21946043@unknown@formal@none@1@S@I take these pronouncements, like many that have preceded them in past years, with a grain of salt.@@@@1@18@@oe@2-2-2013
21946044@unknown@formal@none@1@S@In an era of `sound bites' and instant opinion polls it is dangerous to apply broad labels to a single term.@@@@1@21@@oe@2-2-2013
21947001@unknown@formal@none@1@S@(During its centennial year, The Wall Street Journal will report events of the past century that stand as milestones of American business history.)@@@@1@23@@oe@2-2-2013
21947002@unknown@formal@none@1@S@THE YOM KIPPUR WAR, WHEN EGYPT CRASHED into Israel on Oct. 6, 1973, the holiest day in the Jewish calendar, lasted barely a month.@@@@1@24@@oe@2-2-2013
21947003@unknown@formal@none@1@S@But one far-afield effect is still with us.@@@@1@8@@oe@2-2-2013
21947004@unknown@formal@none@1@S@The Arab states, always bitterly resentful of U.S. support toward Israel, realized they held an irresistable weapon -- oil.@@@@1@19@@oe@2-2-2013
21947005@unknown@formal@none@1@S@Early in October, six Arab nations in the Persian Gulf jacked up prices sharply.@@@@1@14@@oe@2-2-2013
21947006@unknown@formal@none@1@S@On Oct. 22, led by Saudi Arabia, the world's largest exporter, they embargoed oil shipments to the U.S. and to the Netherlands, Israel's staunchest European ally.@@@@1@26@@oe@2-2-2013
21947007@unknown@formal@none@1@S@The timing was perfect.@@@@1@4@@oe@2-2-2013
21947008@unknown@formal@none@1@S@The Arabs had tried embargos before.@@@@1@6@@oe@2-2-2013
21947009@unknown@formal@none@1@S@In 1956, when Britain, France and Israel invaded Egypt to seize the Suez Canal, Arab producers cut off supplies to Europe.@@@@1@21@@oe@2-2-2013
21947010@unknown@formal@none@1@S@Texas simply pumped harder.@@@@1@4@@oe@2-2-2013
21947011@unknown@formal@none@1@S@U.S. oil supplies, however, had peaked in 1970 and 1971 and by 1973 were declining.@@@@1@15@@oe@2-2-2013
21947012@unknown@formal@none@1@S@Imports, then six million barrels a day, came primarily from Venezuela and Canada.@@@@1@13@@oe@2-2-2013
21947013@unknown@formal@none@1@S@But Middle East supplies were growing in importance.@@@@1@8@@oe@2-2-2013
21947014@unknown@formal@none@1@S@By 1973, the U.S. was bringing in two million barrels of Arab oil a day, more than 10% of the 17.3 million barrels consumed daily.@@@@1@25@@oe@2-2-2013
21947015@unknown@formal@none@1@S@Politics and economics conspired.@@@@1@4@@oe@2-2-2013
21947016@unknown@formal@none@1@S@Japan and Europe, far more dependent on Mideast oil than the U.S., wouldn't offend the Arabs or trade off their precious supplies.@@@@1@22@@oe@2-2-2013
21947017@unknown@formal@none@1@S@The U.S. did manage to supply the Dutch with oil by relabeling supplies; once oil is shipped, no one can tell its source.@@@@1@23@@oe@2-2-2013
21947018@unknown@formal@none@1@S@But car-happy Americans panicked, and so did the U.S. and other oil-consuming governments.@@@@1@13@@oe@2-2-2013
21947019@unknown@formal@none@1@S@"Shortage" and "crisis" became buzz words, although neither really applied.@@@@1@10@@oe@2-2-2013
21947020@unknown@formal@none@1@S@The spot dislocations that showed up were largely the result of confusion (much of it in Washington), though that was cold comfort for drivers waiting in mile-long lines at the gas pumps.@@@@1@32@@oe@2-2-2013
21947021@unknown@formal@none@1@S@The embargo lasted only six months, but the price hikes became a fact of life.@@@@1@15@@oe@2-2-2013
21947022@unknown@formal@none@1@S@What the Arabs started, inflation finished.@@@@1@6@@oe@2-2-2013
21947023@unknown@formal@none@1@S@Once and for all, $5-a-barrel crude oil and 35-cents-a-gallon gasoline were history.@@@@1@12@@oe@2-2-2013
21948001@unknown@formal@none@1@S@Times may be tough on Wall Street for some, but a few bosses are making as much as ever -- or more.@@@@1@22@@oe@2-2-2013
21948002@unknown@formal@none@1@S@At Bear Stearns Cos., for example, the 15 executive officers led by Chairman Alan "Ace" Greenberg got a pay increase to $35.9 million for the 14-month period ended June 30 from $22.9 million for the 12 months ended April 30, 1988.@@@@1@41@@oe@2-2-2013
21948003@unknown@formal@none@1@S@The figures don't include substantial dividends on holdings of Bear Stearns stock.@@@@1@12@@oe@2-2-2013
21948004@unknown@formal@none@1@S@Mr. Greenberg himself was paid $4.5 million, before an estimated $1.5 million in dividends, up from $2.4 million the year before.@@@@1@21@@oe@2-2-2013
21948005@unknown@formal@none@1@S@The increase is noted in the brokerage firm's latest proxy statement filed with the Securities and Exchange Commission.@@@@1@18@@oe@2-2-2013
21948006@unknown@formal@none@1@S@Because it operates on a fiscal year, Bear Stearns's yearly filings are available much earlier than those of other firms.@@@@1@20@@oe@2-2-2013
21948007@unknown@formal@none@1@S@The latest period includes 14 months instead of 12 because Bear Stearns changed to a fiscal year ending in June instead of April.@@@@1@23@@oe@2-2-2013
21948008@unknown@formal@none@1@S@Meanwhile, Bear Stearns's 650 stock and bond salesmen saw thinner paychecks over the past year, which the company says reflected lower commission revenue caused by a decline in investor activity in the markets.@@@@1@33@@oe@2-2-2013
21948009@unknown@formal@none@1@S@However, Bear Stearns on Monday reported improved earnings for its first quarter, ended Sept. 29, partly because of a 31% increase in commissions during the quarter.@@@@1@26@@oe@2-2-2013
21948010@unknown@formal@none@1@S@William J. Montgoris, chief financial officer, defended the lofty salaries at Bear Stearns.@@@@1@13@@oe@2-2-2013
21948011@unknown@formal@none@1@S@"All of us are on a base salary of $200,000 if the firm makes nothing -- and that's pretty low as far as Wall Street goes," Mr. Montgoris said.@@@@1@29@@oe@2-2-2013
21948012@unknown@formal@none@1@S@However, Bear Stearns has never had an unprofitable year since its founding 65 years ago.@@@@1@15@@oe@2-2-2013
21948013@unknown@formal@none@1@S@Four Bear Stearns executives besides the 62-year-old Mr. Greenberg were paid $3 million or more before dividends for the 14 months ended in June.@@@@1@24@@oe@2-2-2013
21948014@unknown@formal@none@1@S@According to the proxy statement, James E. Cayne, 55, Bear Stearns's president, made $3.9 million; an executive vice president, Michael L. Tarnopol, 53, made nearly $3.4 million; and two executive vice presidents, Vincent J. Mattone, 44, and William J. Michaelcheck, 42, made about $3.3 million each.@@@@1@46@@oe@2-2-2013
21948015@unknown@formal@none@1@S@Mr. Montgoris said the firm has a "straight mathematical formula" for determining compensation, based on the firm's earnings.@@@@1@18@@oe@2-2-2013
21948016@unknown@formal@none@1@S@"Just because a particular element of the firm is down," such as stockbrokerage, "doesn't mean the executive committee should be paid less," he said.@@@@1@24@@oe@2-2-2013
21949001@unknown@formal@none@1@S@Morgan Grenfell Group PLC said John Craven, group chief executive officer, is taking over the chairmanship of the merchant banking group from Sir Peter Carey, who is retiring.@@@@1@28@@oe@2-2-2013
21949002@unknown@formal@none@1@S@Mr. Carey will remain a member of the merchant bank's board.@@@@1@11@@oe@2-2-2013
21949003@unknown@formal@none@1@S@Mr. Craven is widely credited with refocusing Morgan Grenfell's energies on its core corporate finance, fund management and banking activities over the past year.@@@@1@24@@oe@2-2-2013
21949004@unknown@formal@none@1@S@Last year, Morgan Grenfell shut down its ailing U.K. securities operations.@@@@1@11@@oe@2-2-2013
21949005@unknown@formal@none@1@S@Mr. Craven said his move to the chairmanship means he will take a less active role in the day-to-day management of the group, but he added that the merchant bank's strategic focus remains unchanged.@@@@1@34@@oe@2-2-2013
21949006@unknown@formal@none@1@S@Mr. Craven joined Morgan Grenfell as group chief executive in May 1987, a few months after the resignations of former Chief Executive Christopher Reeves and other top officials because of the merchant bank's role in Guinness PLC's controversial takeover of Distiller's Co. in 1986.@@@@1@44@@oe@2-2-2013
21949007@unknown@formal@none@1@S@Morgan Grenfell had advised Guinness on the bid, which was surrounded by allegations that Guinness used artificial means to support the bid's value.@@@@1@23@@oe@2-2-2013
21949008@unknown@formal@none@1@S@Morgan Grenfell said Michael Dobson, currently group deputy chief executive, will assume the chief executive position.@@@@1@16@@oe@2-2-2013
21949009@unknown@formal@none@1@S@The merchant bank also announced that finance director David Eward is taking early retirement for personal reasons.@@@@1@17@@oe@2-2-2013
21949010@unknown@formal@none@1@S@His duties will be taken over by Anthony Richmond-Watson, who has been elected deputy chairman.@@@@1@15@@oe@2-2-2013
21949011@unknown@formal@none@1@S@News of Mr. Eward's retirement comes one day after Morgan said that Christopher Whittington resigned as chairman of Morgan's banking subsidiary to join a financial services firm.@@@@1@27@@oe@2-2-2013
21949012@unknown@formal@none@1@S@Mr. Craven said both Messrs. Eward and Whittington had planned to leave the bank earlier, but Mr. Craven had persuaded them to remain until the bank was in a healthy position.@@@@1@31@@oe@2-2-2013
21949013@unknown@formal@none@1@S@"If there's any coincidence about the departures it's that they are leaving at a time when the business is in reasonably good shape and going forward very well."@@@@1@28@@oe@2-2-2013
21949014@unknown@formal@none@1@S@Last month, Morgan Grenfell announced its pretax profit rose 49.6% to #32.8 million in the first half, boosted by a healthy growth in its domestic and international corporate finance business.@@@@1@30@@oe@2-2-2013
21950001@unknown@formal@none@1@S@The following were among yesterday's offerings and pricings in the U.S. and non-U.S. capital markets, with terms and syndicate manager, as compiled by Dow Jones Capital Markets Report:@@@@1@28@@oe@2-2-2013
21950002@unknown@formal@none@1@S@Lockheed Corp. -- $300 million of 9 3/8% notes due Oct. 15, 1999, priced at 99.90 to yield 9.39%.@@@@1@19@@oe@2-2-2013
21950003@unknown@formal@none@1@S@The issue was priced at a spread of 137.5 basis points above the Treasury's 10-year note.@@@@1@16@@oe@2-2-2013
21950004@unknown@formal@none@1@S@Rated single-A-3 by Moody's Investors Service Inc. and single-A by Standard & Poor's Corp., the issue will be sold through underwriters led by Goldman, Sachs & Co.@@@@1@27@@oe@2-2-2013
21950005@unknown@formal@none@1@S@California Health Facilities Financing Authority -- $144.35 million of revenue bonds for Kaiser Permanente, due 19931999, 2004, 2008, 2018 and 2019, tentatively priced by a PaineWebber Inc. group to yield from 6.25% in 1993 to 7.227% in 2018.@@@@1@38@@oe@2-2-2013
21950006@unknown@formal@none@1@S@Serial bonds were priced to yield to 6.80% in 1999.@@@@1@10@@oe@2-2-2013
21950007@unknown@formal@none@1@S@There are about $10 million of 7% bonds priced at 99 1/4 to yield 7.081% in 2004; about $15 million of 7% bonds priced at 98 1/2 to yield 7.145% in 2008; about $88.35 million of 7% bonds priced at 97 1/4 to yield 7.227% in 2018; and about $15 million of 6 3/4% bonds priced to yield 7.15% in 2019.@@@@1@61@@oe@2-2-2013
21950008@unknown@formal@none@1@S@The bonds are rated double-A-2 by Moody's and double-A by S&P, according to the lead underwriter.@@@@1@16@@oe@2-2-2013
21950009@unknown@formal@none@1@S@Pennsylvania Higher Education Facilities Authority -- approximately $117 million of revenue bonds for Hahnemann University, Series 1989, due 1990-2002, 2009 and 2019, priced late Monday by a Merrill Lynch Capital Markets group to yield from 6% in 1990 to 7.282% in 2019.@@@@1@42@@oe@2-2-2013
21950010@unknown@formal@none@1@S@Serial bonds were priced to yield from 6% in 1990 to 7.10% in 2002.@@@@1@14@@oe@2-2-2013
21950011@unknown@formal@none@1@S@There are about $25.6 million of 7.2% term bonds due 2009, priced to yield 7.25%, and about $66.8 million of 7.2% term bonds due 2019, priced at 99 to yield 7.282%.@@@@1@31@@oe@2-2-2013
21950012@unknown@formal@none@1@S@The bonds are insured and rated triple-A by Moody's and S&P.@@@@1@11@@oe@2-2-2013
21950013@unknown@formal@none@1@S@Connecticut -- $100.4 million of general obligation capital appreciation bonds, College Savings Plan, 1989 Series B, priced by a Prudential-Bache Capital Funding group.@@@@1@23@@oe@2-2-2013
21950014@unknown@formal@none@1@S@The zero-coupon bonds were priced to yield to maturity from 6.25% in 1994 to 6.90% in 2006, 2007 and 2009.@@@@1@20@@oe@2-2-2013
21950015@unknown@formal@none@1@S@The bonds have received a rating of double-A-1 from Moody's, and a double-A-plus rating is expected from S&P, the underwriter said.@@@@1@21@@oe@2-2-2013
21950016@unknown@formal@none@1@S@Oregon -- $100 million of general obligation veterans' tax notes, Series 1989, dated Nov. 1, 1989, and due Nov. 1, 1990, through a Chemical Securities Inc. group.@@@@1@27@@oe@2-2-2013
21950017@unknown@formal@none@1@S@The group is offering the notes priced as 6 3/4% securities to yield 6.25%.@@@@1@14@@oe@2-2-2013
21950018@unknown@formal@none@1@S@The notes are rated MIG-1 by Moody's and SP1-plus by S&P.@@@@1@11@@oe@2-2-2013
21950019@unknown@formal@none@1@S@University of Medicine and Dentistry of New Jersey -- $55.8 million of Series C bonds priced by a Prudential-Bache Capital Funding group.@@@@1@22@@oe@2-2-2013
21950020@unknown@formal@none@1@S@The bonds, rated single-A by Moody's and double-A by S&P, were priced to yield from 6.20% in 1992 to 7.26% in 2019.@@@@1@22@@oe@2-2-2013
21950021@unknown@formal@none@1@S@All serial bonds are being offered at par except those due 2002.@@@@1@12@@oe@2-2-2013
21950022@unknown@formal@none@1@S@Federal Home Loan Mortgage Corp. -- $500 million of Remic mortgage securities being offered in eight classes by Salomon Brothers Inc.@@@@1@21@@oe@2-2-2013
21950023@unknown@formal@none@1@S@The offering, Series 104, is backed by Freddie Mac 9% securities.@@@@1@11@@oe@2-2-2013
21950024@unknown@formal@none@1@S@The issue used at-market pricing.@@@@1@5@@oe@2-2-2013
21950025@unknown@formal@none@1@S@Federal National Mortgage Association -- $350 million of Remic mortgage securities being offered in 11 classes by Greenwich Capital Markets.@@@@1@20@@oe@2-2-2013
21950026@unknown@formal@none@1@S@The offering, Series 1989-82, is backed by Fannie Mae 9 1/2% securities and used at-market pricing.@@@@1@16@@oe@2-2-2013
21950027@unknown@formal@none@1@S@The issue brings Fannie Mae's 1989 Remic issuance to $30.2 billion and its total volume to $42.3 billion since the program began in April 1987.@@@@1@25@@oe@2-2-2013
21950028@unknown@formal@none@1@S@Hanshin Electric Railway Co. (Japan) -- $150 million of bonds due Nov. 2, 1993, with equity-purchase warrants, indicating a 4% coupon at par, via Nomura International Ltd.@@@@1@27@@oe@2-2-2013
21950029@unknown@formal@none@1@S@Each $5,000 bond carries one warrant, exercisable from Nov. 16, 1989, through Oct. 19, 1993, to buy company shares at an expected premium of 2 1/2% to the closing share price when terms are fixed Oct. 24.@@@@1@37@@oe@2-2-2013
21950030@unknown@formal@none@1@S@Toyobo Co. (Japan) -- $150 million of bonds due Nov. 1, 1993, with equity-purchase warrants, indicating a 4% coupon at par, via Daiwa Europe Ltd.@@@@1@25@@oe@2-2-2013
21950031@unknown@formal@none@1@S@Each $5000 bond carries one warrant, exercisable from Nov. 15, 1989, to Oct. 18, 1993, to buy company shares at an expected premium of 2 1/2% to the closing share price when terms are fixed Oct. 23.@@@@1@37@@oe@2-2-2013
21950032@unknown@formal@none@1@S@Sammi Steel Co. (Korea) -- $50 million of bonds due Nov. 8, 1994, with equity-purchase warrants, indicating a 1 1/4% to 1 3/4% coupon at par, via Merrill Lynch International Ltd. and Dong Suh Securities Co.@@@@1@36@@oe@2-2-2013
21950033@unknown@formal@none@1@S@Each $5,000 bond carries one warrant, exercisable from May 8, 1991, through Oct. 8, 1994, to buy company shares at an expected premium of 75% to 85% to the closing share price when terms are fixed Oct. 18.@@@@1@38@@oe@2-2-2013
21950034@unknown@formal@none@1@S@Redland International Funding PLC (U.K. parent) -- 150 million Australian dollars of 15 3/8% bonds due Nov. 8, 1996, priced at 101 3/4 to yield 15.44% less full fees, via JP Morgan Securities Ltd.@@@@1@34@@oe@2-2-2013
21950035@unknown@formal@none@1@S@Guaranteed by Redland PLC.@@@@1@4@@oe@2-2-2013
21950036@unknown@formal@none@1@S@Fees 2.@@@@1@2@@oe@2-2-2013
21950037@unknown@formal@none@1@S@Tennessee Valley Authority -- A $4 billion, three-part offering of power bonds priced through an underwriting group led by First Boston Corp.@@@@1@22@@oe@2-2-2013
21950038@unknown@formal@none@1@S@The size of the issue was increased from an originally planned $3 billion.@@@@1@13@@oe@2-2-2013
21950039@unknown@formal@none@1@S@The first part, consisting of $2 billion of bonds due Oct. 1, 2019, with a five-year non-call provision, was priced as 8 3/4% securities at 96.808 to yield 9.06%.@@@@1@29@@oe@2-2-2013
21950040@unknown@formal@none@1@S@The 30-year issue was priced at a spread of 105 basis points above the Treasury's 30-year bellwether bond.@@@@1@18@@oe@2-2-2013
21950041@unknown@formal@none@1@S@The second part, consisting of $1 billion of noncallable bonds due Oct. 1, 1999, was priced as 8 3/8% securities at 99.691 to yield 8.42%.@@@@1@25@@oe@2-2-2013
21950042@unknown@formal@none@1@S@The 10-year issue was priced at a spread of 43 basis points above the Treasury's 10-year note.@@@@1@17@@oe@2-2-2013
21950043@unknown@formal@none@1@S@The third part, consisting of $1 billion of noncallable bonds due Oct. 1, 1994, was priced as 8 1/4% securities at 99.672 to yield 8.33%.@@@@1@25@@oe@2-2-2013
21950044@unknown@formal@none@1@S@The five-year issue was priced at a spread of 43 basis points above the Treasury's comparable note.@@@@1@17@@oe@2-2-2013
21950045@unknown@formal@none@1@S@The issue is rated triple-A by Moody's and triple-A by S&P.@@@@1@11@@oe@2-2-2013
21951001@unknown@formal@none@1@S@Par Pharmaceutical Inc. said it named its interim president and chief executive officer, Kenneth I. Sawyer, to those posts permanently, and elected him to the board.@@@@1@26@@oe@2-2-2013
21951002@unknown@formal@none@1@S@Par also said it was advised by the U.S. attorney for Maryland that it is one of a number of companies being investigated by a federal grand jury for alleged violations of the federal Food, Drug and Cosmetic Act.@@@@1@39@@oe@2-2-2013
21951003@unknown@formal@none@1@S@Par, a generic-drug maker that has been plagued by management problems, was already the subject of a federal criminal inquiry into the drug-approval process and a Food and Drug Administration investigation.@@@@1@31@@oe@2-2-2013
21951004@unknown@formal@none@1@S@A Par spokesman said he understood the criminal investigation in Maryland relates to matters Par disclosed in July, when Par said it filed false drug information with the FDA.@@@@1@29@@oe@2-2-2013
21951005@unknown@formal@none@1@S@At the time, the company said it was recalling one of its drugs and had stopped selling two others.@@@@1@19@@oe@2-2-2013
21951006@unknown@formal@none@1@S@The spokesman said he also understood that the inquiry related to the existence of an "off-the-record" production book.@@@@1@18@@oe@2-2-2013
21951007@unknown@formal@none@1@S@The book noted changes made at the manufacturing level that weren't disclosed to the FDA.@@@@1@15@@oe@2-2-2013
21951008@unknown@formal@none@1@S@Par said it is cooperating in the investigation.@@@@1@8@@oe@2-2-2013
21951009@unknown@formal@none@1@S@Also yesterday, Ashok Patel, a former Par official who pleaded guilty to providing an FDA employee an illegal gratuity of $3,000, was sentenced by a federal judge in Baltimore to one year of community service and a $150,000 fine.@@@@1@39@@oe@2-2-2013
21951010@unknown@formal@none@1@S@Mr. Patel also was placed on three years' probation.@@@@1@9@@oe@2-2-2013
21951011@unknown@formal@none@1@S@Mr. Patel resigned as senior vice president of Par in April.@@@@1@11@@oe@2-2-2013
21951012@unknown@formal@none@1@S@In July, Par and a 60%-owned unit agreed to plead guilty in that inquiry, as did another former Par official.@@@@1@20@@oe@2-2-2013
21951013@unknown@formal@none@1@S@Mr. Sawyer began running the company on an interim basis in late September.@@@@1@13@@oe@2-2-2013
21951014@unknown@formal@none@1@S@Par said it selected him for the posts of president and chief executive on a permanent basis because of his experience in the industry and his performance at Par.@@@@1@29@@oe@2-2-2013
21951015@unknown@formal@none@1@S@Perry Levine, chairman, said Mr. Sawyer had "taken significant steps" to restore the company's credibility and sense of professionalism and integrity.@@@@1@21@@oe@2-2-2013
21952001@unknown@formal@none@1@S@Just after midnight Monday, federal spending started to drop by $16 billion.@@@@1@12@@oe@2-2-2013
21952002@unknown@formal@none@1@S@What do you say we all close down the poker game, go home and bank the $16 billion?@@@@1@18@@oe@2-2-2013
21952003@unknown@formal@none@1@S@That's essentially what budget director Richard Darman is suggesting, and we think he deserves as much support as he can get.@@@@1@21@@oe@2-2-2013
21952004@unknown@formal@none@1@S@If human beings can't cut federal spending honestly -- and they can't -- let the computers do it.@@@@1@18@@oe@2-2-2013
21952005@unknown@formal@none@1@S@Congress, with a measure of White House complicity, has been manipulating the spending accounts for years under the cover of omnibus appropriations bills.@@@@1@23@@oe@2-2-2013
21952006@unknown@formal@none@1@S@(Indeed without earlier manipulations, the current sequester of $16 billion would have been even larger.)@@@@1@15@@oe@2-2-2013
21952007@unknown@formal@none@1@S@We suspect voters are fed up with the finagling.@@@@1@9@@oe@2-2-2013
21952008@unknown@formal@none@1@S@Consider, for instance, that even yesterday's widely publicized sequester is likely to be traduced if business as usual is allowed to prevail.@@@@1@22@@oe@2-2-2013
21952009@unknown@formal@none@1@S@Under the law, Gramm-Rudman's across-the-board-cuts in federal programs are supposed to be permanent.@@@@1@13@@oe@2-2-2013
21952010@unknown@formal@none@1@S@Social Security and spending for poor people are exempted.@@@@1@9@@oe@2-2-2013
21952011@unknown@formal@none@1@S@However, the Associated Press's account of the Monday sequester order signed by President Bush neatly captured the contempt Congress shows toward the notion of a legally binding commitment:@@@@1@28@@oe@2-2-2013
21952012@unknown@formal@none@1@S@"Lawmakers have been saying for weeks that they plan to roll back the cuts as soon as they agree to a compromise on a deficit-cutting bill."@@@@1@26@@oe@2-2-2013
21952013@unknown@formal@none@1@S@Mr. Darman's inclination to save the sequester was backed up yesterday by White House Press Secretary Marlin Fitzwater:@@@@1@18@@oe@2-2-2013
21952014@unknown@formal@none@1@S@"There is some feeling here that the cuts are the way to go.@@@@1@13@@oe@2-2-2013
21952015@unknown@formal@none@1@S@It will reduce spending in a very effective fashion."@@@@1@9@@oe@2-2-2013
21952016@unknown@formal@none@1@S@This attitude is being waved away by sophisticates around Washington as little more than tough talk.@@@@1@16@@oe@2-2-2013
21952017@unknown@formal@none@1@S@It looks to us like a golden opportunity for George Bush to chop off at the knees all this talk about a timid, unserious presidency.@@@@1@25@@oe@2-2-2013
21952018@unknown@formal@none@1@S@Mr. Bush would be acting in the public interest if he let the Washington elites who manipulate these budgets -- the bureaucrats, the lobbyists, the congressional staffers -- live for just one year on a restricted diet.@@@@1@37@@oe@2-2-2013
21952019@unknown@formal@none@1@S@Ask Tommy Lasorda; thin is in.@@@@1@6@@oe@2-2-2013
21952020@unknown@formal@none@1@S@Senator Phil Gramm pointed out Monday that in the 20 years before Gramm-Rudman was enacted in 1985, federal spending grew by about 11% a year; since the law, it's grown at under 5% annually.@@@@1@34@@oe@2-2-2013
21952021@unknown@formal@none@1@S@Another major factor in this positive trend was Ronald Reagan's decision early in his presidency to fight the budget war on the expenditure side rather than raising taxes.@@@@1@28@@oe@2-2-2013
21952022@unknown@formal@none@1@S@George Bush's continued support of the tax dam sustains this strategy of pressuring Congress to make choices among competing priorities, rather than just saying yes to all the grateful special-interest constituencies that fill the PAC trough.@@@@1@36@@oe@2-2-2013
21952023@unknown@formal@none@1@S@If Washington's elites ever succeed in bursting the tax dam, Americans will be engulfed in a red sea of new spending programs, such as federalized child care.@@@@1@27@@oe@2-2-2013
21952024@unknown@formal@none@1@S@Child care was one of the many "extraneous" bills pulled out of the Senate's reconciliation bill last Friday.@@@@1@18@@oe@2-2-2013
21952025@unknown@formal@none@1@S@Others were the capital-gains cut, Section 89 repeal, the disabled workers bill, and the unprecedented reconsideration of the catastrophic health act.@@@@1@21@@oe@2-2-2013
21952026@unknown@formal@none@1@S@All this stuff still is in the House's 1,878-page reconciliation bill, and many Members say they're reluctant to pull out cherished bills, just to see them die.@@@@1@27@@oe@2-2-2013
21952027@unknown@formal@none@1@S@Republicans especially want a guarantee from the House leadership that they'll get an up-or-down vote on the bills.@@@@1@18@@oe@2-2-2013
21952028@unknown@formal@none@1@S@House Speaker Foley ought to deliver that promise.@@@@1@8@@oe@2-2-2013
21952029@unknown@formal@none@1@S@This is the way government is supposed to work, with politicians taking responsibility for votes that their constituents can identify, instead of concealing them in the great reconciliation garbage truck.@@@@1@30@@oe@2-2-2013
21952030@unknown@formal@none@1@S@We have as much nostalgia as anyone for those leafy, breezy days in Washington when honorable men and women dickered over budgets and even log-rolled a bit to see that the bridges got build, roads paved, soldiers paid or that the desperately poor were cared for.@@@@1@46@@oe@2-2-2013
21952031@unknown@formal@none@1@S@Those days are gone.@@@@1@4@@oe@2-2-2013
21952032@unknown@formal@none@1@S@Nor do we see any reason to believe that a metropolitan Washington that has gotten fat and rich and lazy in the shadow of the federal colossus will change much on its own initiative.@@@@1@34@@oe@2-2-2013
21952033@unknown@formal@none@1@S@Save the sequester, and let Washington scream.@@@@1@7@@oe@2-2-2013
21953001@unknown@formal@none@1@S@The New York Stock Exchange said a seat sold for $436,000, down $39,000 from the previous sale Oct. 4.@@@@1@19@@oe@2-2-2013
21953002@unknown@formal@none@1@S@Seats are currently quoted at $425,000 bid and $475,000 offered.@@@@1@10@@oe@2-2-2013
21953003@unknown@formal@none@1@S@The $475,000 sale price earlier this month was the lowest in nearly three years.@@@@1@14@@oe@2-2-2013
21953004@unknown@formal@none@1@S@Exchange seats hit a peak of $1,150,000 in September 1987.@@@@1@10@@oe@2-2-2013
21954001@unknown@formal@none@1@S@The Canadian government auctioned 750 million Canadian dollars (US$637.5 million) of 9.25% bonds due Dec. 15, 1994.@@@@1@17@@oe@2-2-2013
21954002@unknown@formal@none@1@S@The average accepted yield bid was 9.617% for a price equivalent of 98.523.@@@@1@13@@oe@2-2-2013
21954003@unknown@formal@none@1@S@Proceeds of the sale will be used to redeem C$675 million of government bonds maturing Nov. 1 and for general government purposes.@@@@1@22@@oe@2-2-2013
21955001@unknown@formal@none@1@S@Northern Trust Corp. said its board adopted a shareholder rights plan aimed at deterring unwanted takeover bids, but said it's not aware of any plan to acquire the banking concern.@@@@1@30@@oe@2-2-2013
21955002@unknown@formal@none@1@S@Under Northern Trust's plan, shareholders were issued rights that, in the event of certain attempted takeovers, allow holders to buy shares in the company at half price.@@@@1@27@@oe@2-2-2013
21956001@unknown@formal@none@1@S@National Patent Development Corp. said it plans to purchase as many as 200,000 common shares of its 81%-controlled Interferon Sciences Inc. unit in periodic, open-market purchases.@@@@1@26@@oe@2-2-2013
21956002@unknown@formal@none@1@S@The 200,000 shares are about 23% of Interferon's common shares outstanding, excluding National Patent's stake.@@@@1@15@@oe@2-2-2013
21956003@unknown@formal@none@1@S@Noting the recent Food and Drug Administration approval of Interferon's genital warts treatment, National Patent said it believes Interferon's stock is undervalued.@@@@1@22@@oe@2-2-2013
21957001@unknown@formal@none@1@S@Japanese investors, reassured by Monday's strong rally on Wall Street, erased most of that day's losses on the Tokyo Stock Exchange.@@@@1@21@@oe@2-2-2013
21957002@unknown@formal@none@1@S@But analysts said the rebound didn't remove the cautious mood from the market.@@@@1@13@@oe@2-2-2013
21957003@unknown@formal@none@1@S@In London, stocks closed lower in volatile trading as an opening rally was obliterated by worse-than-expected U.S. trade figures.@@@@1@19@@oe@2-2-2013
21957004@unknown@formal@none@1@S@Paris shares had a similar reaction, but most other European bourses posted gains, as did all major Asian and Pacific stock markets.@@@@1@22@@oe@2-2-2013
21957005@unknown@formal@none@1@S@Tokyo's Nikkei Index of 225 stocks jumped 527.39 points to close at 34996.08.@@@@1@13@@oe@2-2-2013
21957006@unknown@formal@none@1@S@The rise came a day after the year's biggest drop on Monday, when the Nikkei fell 647.33, or 1.8%, in response to Friday's 6.9% plunge on Wall Street.@@@@1@28@@oe@2-2-2013
21957007@unknown@formal@none@1@S@In early trading Wednesday in Tokyo, the Nikkei index rose 19.30 points to 35015.38.@@@@1@14@@oe@2-2-2013
21957008@unknown@formal@none@1@S@On Tuesday, the broader-based Tokyo Stock Price Index of issues listed in the first section, which fell 45.66 Monday, rose 41.76, or 1.61%, to 2642.64.@@@@1@25@@oe@2-2-2013
21957009@unknown@formal@none@1@S@Trading was relatively thin at an estimated 650 million shares, though brisker than Monday's 526 million.@@@@1@16@@oe@2-2-2013
21957010@unknown@formal@none@1@S@Advancing issues outnumbered decliners 821-201, with 103 unchanged.@@@@1@8@@oe@2-2-2013
21957011@unknown@formal@none@1@S@"We're back to square one," said Simon Smithson, an analyst in Japan for Kleinwort Benson International Inc.@@@@1@17@@oe@2-2-2013
21957012@unknown@formal@none@1@S@Japanese domestic institutions, including trust banks and investment management firms, that had been on the sidelines during Monday's fall were back in the market, analysts said.@@@@1@26@@oe@2-2-2013
21957013@unknown@formal@none@1@S@Foreign investors reportedly started off selling but later joined in the buying.@@@@1@12@@oe@2-2-2013
21957014@unknown@formal@none@1@S@The Tokyo rally seemed to confirm the view, frequently expressed in Japan in the past few days, that the drop in New York was a local problem related to merger and acquisition activity in the U.S.@@@@1@36@@oe@2-2-2013
21957015@unknown@formal@none@1@S@"This time we don't really have to worry about Tokyo," said an official at Daiwa Securities Co.@@@@1@17@@oe@2-2-2013
21957016@unknown@formal@none@1@S@"Nothing has changed fundamentally in the Tokyo market."@@@@1@8@@oe@2-2-2013
21957017@unknown@formal@none@1@S@But even though Tokyo appears unharmed by recent market volatility, analysts and traders say there are still a few concerns on the horizon.@@@@1@23@@oe@2-2-2013
21957018@unknown@formal@none@1@S@In particular, Japanese investors will be keeping a wary eye on Wall Street to see whether Monday's 88.12-point rally holds up as fresh U.S. economic data are released.@@@@1@28@@oe@2-2-2013
21957019@unknown@formal@none@1@S@"People are placing small bets.@@@@1@5@@oe@2-2-2013
21957020@unknown@formal@none@1@S@There's no huge buying," said Stephen Hill, head of equity sales at Jardine Fleming Securities Ltd. in Tokyo.@@@@1@18@@oe@2-2-2013
21957021@unknown@formal@none@1@S@"Really brave views right now would be foolhardy."@@@@1@8@@oe@2-2-2013
21957022@unknown@formal@none@1@S@Yesterday's buyers favored real estate, construction and other large-capitalization issues, reflecting the fact that many Tokyo investors now feel safer with domestically oriented stocks, analysts said.@@@@1@26@@oe@2-2-2013
21957023@unknown@formal@none@1@S@They also are concerned about the persistent strength of the dollar against the yen, as a weaker yen leads to higher import prices in Japan and adds to domestic inflationary pressures.@@@@1@31@@oe@2-2-2013
21957024@unknown@formal@none@1@S@Currency concerns also weigh heavily on interest rate-sensitive stocks such as banking and other financial issues because of fears that Japanese interest rates might have to rise to keep the dollar in check.@@@@1@33@@oe@2-2-2013
21957025@unknown@formal@none@1@S@Among steel shares, NKK rose 19 to 705 yen ($4.97) a share, and Nippon Steel gained 17 to 735.@@@@1@19@@oe@2-2-2013
21957026@unknown@formal@none@1@S@Construction shares that gained included Shimizu, which rose 130 to 2,080.@@@@1@11@@oe@2-2-2013
21957027@unknown@formal@none@1@S@In the real estate sector, Mitsui Real Estate Development was up 100 at 2,760, and Mitsubishi Estate gained 80 to 2,360.@@@@1@21@@oe@2-2-2013
21957028@unknown@formal@none@1@S@London's Financial Times-Stock Exchange 100-share index fell 27.9 points to 2135.5.@@@@1@11@@oe@2-2-2013
21957029@unknown@formal@none@1@S@It was down more than 40 points a half-hour before the close, marking a 61.5-point turnaround from its high, reached in the first 15 minutes of trading.@@@@1@27@@oe@2-2-2013
21957030@unknown@formal@none@1@S@The narrower Financial Times 30-share index fell 29.6 to 1730.7.@@@@1@10@@oe@2-2-2013
21957031@unknown@formal@none@1@S@Volume was an active 643.3 million shares, about double the recent levels but down from 959.3 million the previous day, which U.K. traders have dubbed "Manic Monday."@@@@1@27@@oe@2-2-2013
21957032@unknown@formal@none@1@S@Prices opened strongly on the basis of Monday's Wall Street rally and yesterday's gains in Tokyo.@@@@1@16@@oe@2-2-2013
21957033@unknown@formal@none@1@S@But the advance faltered as index-options traders and investors jittery about the U.K. economic outlook took over.@@@@1@17@@oe@2-2-2013
21957034@unknown@formal@none@1@S@The unexpectedly wide U.S. August trade deficit of $10.77 billion hit an already jittery U.K. market in midafternoon.@@@@1@18@@oe@2-2-2013
21957035@unknown@formal@none@1@S@Michael Hicks, who manages sales and trading for brokerage concern Societe Generale Strauss Turnbull, said: "It's a nervous market.@@@@1@19@@oe@2-2-2013
21957036@unknown@formal@none@1@S@It was all over the place.@@@@1@6@@oe@2-2-2013
21957037@unknown@formal@none@1@S@If you bought, you wish you hadn't, and if you sold, you wish you hadn't."@@@@1@15@@oe@2-2-2013
21957038@unknown@formal@none@1@S@He said the current market "is all about sentiment, and the sentiment in London is 90% anxiety and worry."@@@@1@19@@oe@2-2-2013
21957039@unknown@formal@none@1@S@Britain's economic fundamentals, he said, "don't look very bright."@@@@1@9@@oe@2-2-2013
21957040@unknown@formal@none@1@S@Dealers said London showed signs of calming in midafternoon after Wall Street avoided sharp losses despite the trade report, but a wave of futures-related selling later in the session sent buyers back to the sidelines.@@@@1@35@@oe@2-2-2013
21957041@unknown@formal@none@1@S@Still, some sectors found buying interest after being actively sold in recent weeks.@@@@1@13@@oe@2-2-2013
21957042@unknown@formal@none@1@S@Merchant banks were stronger across the board.@@@@1@7@@oe@2-2-2013
21957043@unknown@formal@none@1@S@Morgan Grenfell, which has been mentioned in takeover rumors, rose 20 to 392 pence ($6.18) a share.@@@@1@17@@oe@2-2-2013
21957044@unknown@formal@none@1@S@S.G. Warburg, a rumored target of some European banking concerns, finished 22 higher at 400.@@@@1@15@@oe@2-2-2013
21957045@unknown@formal@none@1@S@Hambros rose 5 to 204, and Schroders rose 25 to #12.75.@@@@1@11@@oe@2-2-2013
21957046@unknown@formal@none@1@S@On the corporate front, Ford Motor announced that it raised its stake in U.K. luxury car maker Jaguar to 10.4% from 5%.@@@@1@22@@oe@2-2-2013
21957047@unknown@formal@none@1@S@Jaguar shares jumped 23 before easing to close at 654, up 6.@@@@1@12@@oe@2-2-2013
21957048@unknown@formal@none@1@S@Amstrad, a British computer hardware and communications equipment maker, eased 4 to 47.@@@@1@13@@oe@2-2-2013
21957049@unknown@formal@none@1@S@It announced a 52% plunge in pretax profit for the latest year.@@@@1@12@@oe@2-2-2013
21957050@unknown@formal@none@1@S@Brewery stocks were firm to higher on talk of early bargain-hunting, but most ended below their peaks.@@@@1@17@@oe@2-2-2013
21957051@unknown@formal@none@1@S@Bass ended up 3 higher at 966, Guinness closed at 589, down 7, and Scottish & Newcastle dropped 11 to 359, but Whitbread Class A shares rose 17 to 363.@@@@1@30@@oe@2-2-2013
21957052@unknown@formal@none@1@S@Dealers said there was late talk of a Whitbread sale of brewing operations to Scottish & Newcastle.@@@@1@17@@oe@2-2-2013
21957053@unknown@formal@none@1@S@The most active shares were major blue-chips, particularly oils and utilities such as British Gas and British Telecommunications.@@@@1@18@@oe@2-2-2013
21957054@unknown@formal@none@1@S@Traders attributed the action in them largely to defensive positioning in a volatile market.@@@@1@14@@oe@2-2-2013
21957055@unknown@formal@none@1@S@British Gas finished at 197, down 2, on 13 million shares, British Petroleum fell 8 to 291 on 9.4 million shares, and British Telecom was 4 lower at 261 on turnover of 10 million shares.@@@@1@35@@oe@2-2-2013
21957056@unknown@formal@none@1@S@Cable & Wireless fell 20 to 478.@@@@1@7@@oe@2-2-2013
21957057@unknown@formal@none@1@S@Also in active trading, British Steel fell 1 to 124 as 20 million shares changed hands.@@@@1@16@@oe@2-2-2013
21957058@unknown@formal@none@1@S@Racal Electric, which traded 11 million shares, declined 12 to 218.@@@@1@11@@oe@2-2-2013
21957059@unknown@formal@none@1@S@In other European markets, share prices closed sharply higher in Frankfurt and Zurich and posted moderate rises in Stockholm, Amsterdam and Milan.@@@@1@22@@oe@2-2-2013
21957060@unknown@formal@none@1@S@Paris closed lower, and most Brussels shares were unable to trade for a second consecutive day because of technical problems.@@@@1@20@@oe@2-2-2013
21957061@unknown@formal@none@1@S@South African gold stocks closed higher.@@@@1@6@@oe@2-2-2013
21957062@unknown@formal@none@1@S@Elsewhere, share prices rebounded in Hong Kong, Sydney, Singapore, Wellington, Taipei, Manila and Seoul.@@@@1@14@@oe@2-2-2013
21957063@unknown@formal@none@1@S@In Hong Kong, Sydney and Singapore -- the largest of those exchanges -- stocks recovered one-third to one-half of the ground they lost in Monday's plunge, with major market indexes posting gains of 3.6% to 4.4%.@@@@1@36@@oe@2-2-2013
21957064@unknown@formal@none@1@S@Here are price trends on the world's major stock markets, as calculated by Morgan Stanley Capital International Perspective, Geneva.@@@@1@19@@oe@2-2-2013
21957065@unknown@formal@none@1@S@To make them directly comparable, each index is based on the close of 1969 equaling 100.@@@@1@16@@oe@2-2-2013
21957066@unknown@formal@none@1@S@The percentage change is since year-end.@@@@1@6@@oe@2-2-2013
21958001@unknown@formal@none@1@S@Zurn Industries Inc. said it received approval to proceed on four separate projects with a total contract value of $59 million.@@@@1@21@@oe@2-2-2013
21958002@unknown@formal@none@1@S@The projects include construction of a 29,400 kilowatt waste-to-energy plant for Ada Cogeneration L.P., Ada, Mich.; a steam generating plant at Ontario, Calif., that Zurn will own and operate, and two waste-water control projects in Orange County, Calif.@@@@1@38@@oe@2-2-2013
21959001@unknown@formal@none@1@S@AVX Corp. and Unitrode Corp. said they completed the previously reported sale of Unitrode's San Diego-based Passive Components division to AVX.@@@@1@21@@oe@2-2-2013
21959002@unknown@formal@none@1@S@AVX, a New York-based maker of passive electronic products, paid $11 million in cash to Unitrode, a Lexington-based maker of semiconductor products.@@@@1@22@@oe@2-2-2013
21959003@unknown@formal@none@1@S@Passive Components makes capacitors and filters used to protect electronics.@@@@1@10@@oe@2-2-2013
21960001@unknown@formal@none@1@S@Consolidated Papers Inc. said it plans to spend $495 million on new paper-manufacturing equipment and facilities.@@@@1@16@@oe@2-2-2013
21960002@unknown@formal@none@1@S@The producer of paper used in magazines and by commercial printers said spending on the expansion is planned to begin in the first quarter of 1990.@@@@1@26@@oe@2-2-2013
21960003@unknown@formal@none@1@S@The expansion is subject to approval by federal and Wisconsin environmental regulators.@@@@1@12@@oe@2-2-2013
21961001@unknown@formal@none@1@S@THE STOCK of Applied Power Inc., which split 2-for-1 in May, has risen since August 1988.@@@@1@16@@oe@2-2-2013
21961002@unknown@formal@none@1@S@In yesterday's edition, it was incorrectly stated that the company's share price has softened since August 1988.@@@@1@17@@oe@2-2-2013
21962001@unknown@formal@none@1@S@The stock market's dizzying gyrations during the past few days have made a lot of individual investors wish they could buy some sort of insurance.@@@@1@25@@oe@2-2-2013
21962002@unknown@formal@none@1@S@After all, they won't soon forget the stock bargains that became available after the October 1987 crash.@@@@1@17@@oe@2-2-2013
21962003@unknown@formal@none@1@S@But while they want to be on the alert for similar buying opportunities now, they're afraid of being hammered by another terrifying plunge.@@@@1@23@@oe@2-2-2013
21962004@unknown@formal@none@1@S@The solution, at least for some investors, may be a hedging technique that's well known to players in the stock-options market.@@@@1@21@@oe@2-2-2013
21962005@unknown@formal@none@1@S@Called a "married put," the technique is carried out by purchasing a stock and simultaneously buying a put option on that stock.@@@@1@22@@oe@2-2-2013
21962006@unknown@formal@none@1@S@It's like "fire insurance," says Harrison Roth, the senior options strategist at Cowen & Co.@@@@1@15@@oe@2-2-2013
21962007@unknown@formal@none@1@S@Because a put option gives its owner the right, but not the obligation, to sell a fixed number of shares of the stock at a stated price on or before the option's expiration date, the investor is protected against a sudden drop in the stock's price.@@@@1@46@@oe@2-2-2013
21962008@unknown@formal@none@1@S@But most investment advisers don't recommend using married puts all the time.@@@@1@12@@oe@2-2-2013
21962009@unknown@formal@none@1@S@That's because the cost of buying put options eats into an investor's profit when stock prices rise.@@@@1@17@@oe@2-2-2013
21962010@unknown@formal@none@1@S@"This is the type of fire insurance you only buy when the nearby woods are on fire," says Mr. Roth.@@@@1@20@@oe@2-2-2013
21962011@unknown@formal@none@1@S@"You always want your house insured, but you don't always feel the need for your investments to be insured."@@@@1@19@@oe@2-2-2013
21962012@unknown@formal@none@1@S@In addition to hedging new stock purchases, the married-put technique can be used to protect stocks that an investor already owns.@@@@1@21@@oe@2-2-2013
21962013@unknown@formal@none@1@S@In either case, the investor faces three possible outcomes:@@@@1@9@@oe@2-2-2013
21962014@unknown@formal@none@1@S@-- If the stock goes up in price between now and the put's expiration date, the put will probably expire worthless.@@@@1@21@@oe@2-2-2013
21962015@unknown@formal@none@1@S@The investor will be out the cost of the put, which is called the "premium," and this loss will reduce the stock-market profit.@@@@1@23@@oe@2-2-2013
21962016@unknown@formal@none@1@S@-- If the stock stays at the same price between now and the put's expiration date, the investor's loss will be limited to the cost of the put, less any amount realized from a closing sale of the put.@@@@1@39@@oe@2-2-2013
21962017@unknown@formal@none@1@S@The worst-case scenario would be if the put expires worthless.@@@@1@10@@oe@2-2-2013
21962018@unknown@formal@none@1@S@-- If the price of the stock declines, the put will increase in value.@@@@1@14@@oe@2-2-2013
21962019@unknown@formal@none@1@S@Once the stock price is less than the exercise price, or "strike price," of the put, the gain will match the loss on the stock dollar for dollar.@@@@1@28@@oe@2-2-2013
21962020@unknown@formal@none@1@S@The put establishes a minimum selling price for the stock during its life.@@@@1@13@@oe@2-2-2013
21962021@unknown@formal@none@1@S@When a stock falls below the put's strike price, the investor simply sells the stock at a loss and simultaneously sells the put at a profit.@@@@1@26@@oe@2-2-2013
21962022@unknown@formal@none@1@S@Or, the investor can exercise the put, by tendering the stock to his or her broker in return for payment from another investor who has sold a put on the same stock.@@@@1@32@@oe@2-2-2013
21962023@unknown@formal@none@1@S@Brokers handle such transactions through the Options Clearing Corp., which guarantees all option trades.@@@@1@14@@oe@2-2-2013
21962024@unknown@formal@none@1@S@The accompanying table shows how this strategy would work for three stocks.@@@@1@12@@oe@2-2-2013
21962025@unknown@formal@none@1@S@Though not reflected in the table, an investor should know that the cost of the option insurance can be partially offset by any dividends that the stock pays.@@@@1@28@@oe@2-2-2013
21962026@unknown@formal@none@1@S@For example, Tenneco Inc. pays a quarterly dividend of 76 cents, which would be received before the February option expires and, thus, reduce the cost of using the technique by that amount.@@@@1@32@@oe@2-2-2013
21962027@unknown@formal@none@1@S@In this case, the investor's risk wouldn't exceed 3.6% of the total investment.@@@@1@13@@oe@2-2-2013
21962028@unknown@formal@none@1@S@To simplify the calculations, commissions on the option and underlying stock aren't included in the table.@@@@1@16@@oe@2-2-2013
21962029@unknown@formal@none@1@S@There are more than 650 stocks on which options may be bought and sold, including some over-the-counter stocks.@@@@1@18@@oe@2-2-2013
21962030@unknown@formal@none@1@S@But some investors might prefer a simpler strategy then hedging their individual holdings.@@@@1@13@@oe@2-2-2013
21962031@unknown@formal@none@1@S@They can do this by purchasing "index puts," which are simply put options on indexes that match broad baskets of stocks.@@@@1@21@@oe@2-2-2013
21962032@unknown@formal@none@1@S@For instance, the most popular index option is the S&P 100 option, commonly called the OEX.@@@@1@16@@oe@2-2-2013
21962033@unknown@formal@none@1@S@It is based on the stocks that make up Standard & Poor's 100-stock index.@@@@1@14@@oe@2-2-2013
21962034@unknown@formal@none@1@S@Unlike options on individual issues, index options are settled only in cash, and no stock is ever tendered.@@@@1@18@@oe@2-2-2013
21962035@unknown@formal@none@1@S@But while index options are convenient, they have several disadvantages.@@@@1@10@@oe@2-2-2013
21962036@unknown@formal@none@1@S@For one thing, an investor's portfolio might not closely match the S&P 100.@@@@1@13@@oe@2-2-2013
21962037@unknown@formal@none@1@S@As a result, the OEX insurance may or may not fully protect an investor's holdings in the event of a market decline.@@@@1@22@@oe@2-2-2013
21962038@unknown@formal@none@1@S@In addition, OEX options were suspended from trading last Friday afternoon, after the stock-market sell-off got under way and trading in the S&P-500 futures contract was halted.@@@@1@27@@oe@2-2-2013
21962039@unknown@formal@none@1@S@So an investor who wanted to realize a profit on OEX puts after the trading suspension would have been out of luck.@@@@1@22@@oe@2-2-2013
21962040@unknown@formal@none@1@S@On the other hand, only a handful of individual issues were suspended from trading on Friday.@@@@1@16@@oe@2-2-2013
21962041@unknown@formal@none@1@S@Normally, once the underlying investment is suspended from trading, the options on those investments also don't trade.@@@@1@17@@oe@2-2-2013
21962042@unknown@formal@none@1@S@Ultimately, whether the insurance provided by purchasing puts is worthwhile depends on the cost of the options.@@@@1@17@@oe@2-2-2013
21962043@unknown@formal@none@1@S@That cost rises in times of high market volatility.@@@@1@9@@oe@2-2-2013
21962044@unknown@formal@none@1@S@But it still might be cheaper than taking a major hit.@@@@1@11@@oe@2-2-2013
21962045@unknown@formal@none@1@S@The protection from using married puts is clearly superior to that afforded by another options strategy some investors consider using during troubled times: selling call options on stocks the investor owns.@@@@1@31@@oe@2-2-2013
21962046@unknown@formal@none@1@S@A call option is similar to a put, except that it gives its owner the right to buy shares at a stated price until expiration.@@@@1@25@@oe@2-2-2013
21962047@unknown@formal@none@1@S@Selling a call option gives an investor a small buffer against a stock-market decline.@@@@1@14@@oe@2-2-2013
21962048@unknown@formal@none@1@S@That's because it reduces the cost of the stock by the amount of premium received from the sale of the call.@@@@1@21@@oe@2-2-2013
21962049@unknown@formal@none@1@S@But if the price of the stock rises above the strike price of the option, the stock is almost certain to be called away.@@@@1@24@@oe@2-2-2013
21962050@unknown@formal@none@1@S@And in that case, the investor misses out on any major upside gain.@@@@1@13@@oe@2-2-2013
21962051@unknown@formal@none@1@S@These calculations exclude the effect of commissions paid and dividends received from the stock.@@@@1@14@@oe@2-2-2013
21962052@unknown@formal@none@1@S@All prices are as of Monday's close.@@@@1@7@@oe@2-2-2013
21963001@unknown@formal@none@1@S@Hopes for quick enactment of pending deficit-reduction legislation faded as efforts to streamline the House version in advance of a House-Senate conference broke down.@@@@1@24@@oe@2-2-2013
21963002@unknown@formal@none@1@S@House leaders had hoped to follow the Senate's lead by getting an agreement from House committee chairmen under which they would drop items that wouldn't reduce the fiscal 1990 budget deficit from the House-passed bill before the negotiations with the Senate began.@@@@1@42@@oe@2-2-2013
21963003@unknown@formal@none@1@S@But the effort became snagged on the question of what would become of other issues, ranging from cutting the capital-gains tax to child care to repeal of catastrophic-illness insurance.@@@@1@29@@oe@2-2-2013
21963004@unknown@formal@none@1@S@"Many members feel there are important features of the House bill that should be enacted," Speaker Thomas Foley (D., Wash.) said.@@@@1@21@@oe@2-2-2013
21963005@unknown@formal@none@1@S@"If there is any support for reducing the bill, it is conditioned on their desire to see them passed in another form."@@@@1@22@@oe@2-2-2013
21963006@unknown@formal@none@1@S@Now those items will be discussed in a House-Senate conference, which could begin as soon as today, with the expectation that they could either be resolved there or placed into other legislation.@@@@1@32@@oe@2-2-2013
21963007@unknown@formal@none@1@S@"You've got to give these chairmen the opportunity to see if they can work things out," said House Budget Committee Chairman Leon Panetta (D., Calif.).@@@@1@25@@oe@2-2-2013
21963008@unknown@formal@none@1@S@"This is a democratic process -- you can't slam-dunk anything around here."@@@@1@12@@oe@2-2-2013
21963009@unknown@formal@none@1@S@White House Budget Director Richard Darman has said he would continue to press to keep the capital-gains provision in the final version of the bill unless the House drops many of its costly provisions.@@@@1@34@@oe@2-2-2013
21963010@unknown@formal@none@1@S@Senate leaders had hoped to be able to send a compromise version of the measure to President Bush by the end of the week, but Speaker Foley said that wasn't likely.@@@@1@31@@oe@2-2-2013
21963011@unknown@formal@none@1@S@Failure to pass the bill meant that $16.1 billion in across-the-board spending cuts took effect Monday under the Gramm-Rudman budget law.@@@@1@21@@oe@2-2-2013
21963012@unknown@formal@none@1@S@The bill must be enacted before the cuts can be restored.@@@@1@11@@oe@2-2-2013
21964001@unknown@formal@none@1@S@TRADING VOLUME in Standard & Poor's 500 stock-index futures contracts on the Chicago Mercantile Exchange Monday totaled 73,803 contracts.@@@@1@19@@oe@2-2-2013
21964002@unknown@formal@none@1@S@Yesterday's edition incorrectly reported Monday's trading volume as a record for the S&P 500 contract.@@@@1@15@@oe@2-2-2013
21965001@unknown@formal@none@1@S@NCNB Corp. raised $1 billion in new capital during the third quarter.@@@@1@12@@oe@2-2-2013
21965002@unknown@formal@none@1@S@In yesterday's edition, the amount of new capital was misstated.@@@@1@10@@oe@2-2-2013
21966001@unknown@formal@none@1@S@McCormick Capital Inc. said its tender offer to buy back as many as 1.1 million, or 44%, of its common shares at $3 apiece, which expired Friday evening, was oversubscribed.@@@@1@30@@oe@2-2-2013
21966002@unknown@formal@none@1@S@The developer and manager of futures-investment limited partnerships said preliminary results indicate that about 1,749,000 shares had been tendered, giving a preliminary proration factor of 0.6287.@@@@1@26@@oe@2-2-2013
21966003@unknown@formal@none@1@S@The final proration factor will be announced Monday.@@@@1@8@@oe@2-2-2013
21967001@unknown@formal@none@1@S@Northgate Exploration Ltd. said it is proposing to amalgamate four of its associated companies.@@@@1@14@@oe@2-2-2013
21967002@unknown@formal@none@1@S@Under a proposed two-step amalgamation involving share swaps, ABM Gold Corp., a gold exploration and management company, will merge with Neptune Resources Corp., United Gold Corp. and Inca Resources Inc.@@@@1@30@@oe@2-2-2013
21967003@unknown@formal@none@1@S@ABM will also increase its stake in Sonora Gold Corp. to 42% from 26%.@@@@1@14@@oe@2-2-2013
21967004@unknown@formal@none@1@S@Northgate said it will own about 50% of the equity and 81% of the votes of ABM after the amalgamation.@@@@1@20@@oe@2-2-2013
21967005@unknown@formal@none@1@S@The amalgamations are subject to regulatory approval and require approval by shareholders of ABM, Inca, United and Neptune at special meetings on Nov. 10.@@@@1@24@@oe@2-2-2013
21968001@unknown@formal@none@1@S@Steven C. Walker, senior vice president of this bank holding company, was named president, chief executive officer and a director of both Commercial National and Commercial National Bank.@@@@1@28@@oe@2-2-2013
21968002@unknown@formal@none@1@S@He succeeds James E. Burt III, who resigned from all three posts to pursue other interests.@@@@1@16@@oe@2-2-2013
21969001@unknown@formal@none@1@S@Cincinnati Microwave Inc. said it introduced two radar detectors.@@@@1@9@@oe@2-2-2013
21969002@unknown@formal@none@1@S@One unit, called the Escort, uses a new digital signal-processing technology to detect radar signals much sooner than was previously possible, the company said.@@@@1@24@@oe@2-2-2013
21969003@unknown@formal@none@1@S@The other, called the Solo, is battery operated and is the first high-performance radar detector that doesn't need a power cord, the company said.@@@@1@24@@oe@2-2-2013
21970001@unknown@formal@none@1@S@A surprising surge in the U.S. trade deficit raised fears that the nation's export drive has stalled, and caused new turmoil in financial markets.@@@@1@24@@oe@2-2-2013
21970002@unknown@formal@none@1@S@The merchandise trade deficit widened in August to $10.77 billion, the Commerce Department reported, a sharp deterioration from July's $8.24 billion and the largest deficit of any month this year.@@@@1@30@@oe@2-2-2013
21970003@unknown@formal@none@1@S@Exports fell for the second month in a row, while imports rose to a record.@@@@1@15@@oe@2-2-2013
21970004@unknown@formal@none@1@S@"This is one of the worst trade releases we've had since the dollar troughed out in 1987," said Geoffrey Dennis, chief international economist at James Capel Inc.@@@@1@27@@oe@2-2-2013
21970005@unknown@formal@none@1@S@Like most analysts, Mr. Dennis was hesitant to read too much into one month's numbers; but he said, "It indicates perhaps that the balance in the U.S. economy is not as good as we've been led to believe."@@@@1@38@@oe@2-2-2013
21970006@unknown@formal@none@1@S@The number had a troubling effect on Wall Street, suggesting that more fundamental economic problems may underlie last Friday's stock market slide.@@@@1@22@@oe@2-2-2013
21970007@unknown@formal@none@1@S@The Dow Jones Industrial Average tumbled more than 60 points after the report's release, before recovering to close 18.65 points lower at 2638.73.@@@@1@23@@oe@2-2-2013
21970008@unknown@formal@none@1@S@"This bad trade number raises some deeper issues about the market decline," said Norman Robertson, chief economist for Mellon Bank.@@@@1@20@@oe@2-2-2013
21970009@unknown@formal@none@1@S@"It raises questions about more deep-seated problems, the budget deficit and the trade deficit and the seeming lack of ability to come to grips with them."@@@@1@26@@oe@2-2-2013
21970010@unknown@formal@none@1@S@The trade report drew yet another unsettling parallel to October 1987.@@@@1@11@@oe@2-2-2013
21970011@unknown@formal@none@1@S@On Oct. 14 of that year, the announcement of an unusually large August trade deficit helped trigger a steep market decline.@@@@1@21@@oe@2-2-2013
21970012@unknown@formal@none@1@S@The slide continued until the record 508-point market drop on Oct. 19.@@@@1@12@@oe@2-2-2013
21970013@unknown@formal@none@1@S@In 1987, however, the news was the latest in a string of disappointments on trade, while the current report comes after a period of improvement.@@@@1@25@@oe@2-2-2013
21970014@unknown@formal@none@1@S@The bleak trade report was played down by the Bush administration.@@@@1@11@@oe@2-2-2013
21970015@unknown@formal@none@1@S@Commerce Secretary Robert Mosbacher called the worsening trade figures "disappointing after two very good months."@@@@1@15@@oe@2-2-2013
21970016@unknown@formal@none@1@S@And White House spokesman Marlin Fitzwater said the deficit was "an unwelcome increase," adding that "we're hopeful that it simply is a one-month situation and will turn around."@@@@1@28@@oe@2-2-2013
21970017@unknown@formal@none@1@S@But the figures reinforced the view of many private analysts that the improvement in the U.S. trade deficit has run out of steam.@@@@1@23@@oe@2-2-2013
21970018@unknown@formal@none@1@S@"The figures today add further evidence to support the view that the improvement in the U.S. trade deficit has essentially stalled out at a level of about a $110 billion annual rate," said Jeffrey Scott, a research fellow at the Institute for International Economics here.@@@@1@45@@oe@2-2-2013
21970019@unknown@formal@none@1@S@"That's still an improvement over last year, but it leads one to conclude that basically we've gotten all the mileage we can out of past dollar depreciation and past marginal cuts in the federal budget deficit."@@@@1@36@@oe@2-2-2013
21970020@unknown@formal@none@1@S@Exports declined for the second consecutive month in August, slipping 0.2% to $30.41 billion, the Commerce Department reported.@@@@1@18@@oe@2-2-2013
21970021@unknown@formal@none@1@S@Imports, on the other hand, leaped 6.4% to a record $41.18 billion.@@@@1@12@@oe@2-2-2013
21970022@unknown@formal@none@1@S@Not only was August's deficit far worse than July's, but the government revised the July figure substantially from the $7.58 billion deficit it had initially reported last month.@@@@1@28@@oe@2-2-2013
21970023@unknown@formal@none@1@S@Many economists contend that deep cuts in the U.S. budget deficit are needed before further trade improvement can occur.@@@@1@19@@oe@2-2-2013
21970024@unknown@formal@none@1@S@That's because the budget deficit feeds an enormous appetite in this country for both foreign goods and foreign capital, overwhelming the nation's capacity to export.@@@@1@25@@oe@2-2-2013
21970025@unknown@formal@none@1@S@"People are sick and tired of hearing about these deficits, but the imbalances are still there and they are still a problem," said Mr. Robertson.@@@@1@25@@oe@2-2-2013
21970026@unknown@formal@none@1@S@In addition, the rise in the value of the dollar against foreign currencies over the past several months has increased the price of U.S. products in overseas markets and hurt the country's competitiveness.@@@@1@33@@oe@2-2-2013
21970027@unknown@formal@none@1@S@Since March, exports have been virtually flat.@@@@1@7@@oe@2-2-2013
21970028@unknown@formal@none@1@S@At the same time, William T. Archey, international vice president at the U.S. Chamber of Commerce, notes: "Clearly the stronger dollar has made imports more attractive" by causing their prices to decline.@@@@1@32@@oe@2-2-2013
21970029@unknown@formal@none@1@S@Most economists expect the slowing U.S. economy to curb demand for imports.@@@@1@12@@oe@2-2-2013
21970030@unknown@formal@none@1@S@But they foresee little substantial progress in exports unless the dollar and the federal budget deficit come down.@@@@1@18@@oe@2-2-2013
21970031@unknown@formal@none@1@S@"The best result we could get from these numbers would be to see the administration and Congress get serious about putting the U.S. on an internationally competitive economic footing," said Howard Lewis, vice president of international economic affairs at the National Association of Manufacturers.@@@@1@44@@oe@2-2-2013
21970032@unknown@formal@none@1@S@"That must start with cutting the federal budget deficit."@@@@1@9@@oe@2-2-2013
21970033@unknown@formal@none@1@S@August's decline in exports reflected decreases in sales of industrial supplies, capital goods and food abroad and increases in sales of motor vehicles, parts and engines.@@@@1@26@@oe@2-2-2013
21970034@unknown@formal@none@1@S@The jump in imports stemmed from across-the-board increases in purchases of foreign goods.@@@@1@13@@oe@2-2-2013
21970035@unknown@formal@none@1@S@The numbers were adjusted for usual seasonal fluctuations.@@@@1@8@@oe@2-2-2013
21970036@unknown@formal@none@1@S@Alan Murray contributed to this article.@@@@1@6@@oe@2-2-2013
21970037@unknown@formal@none@1@S@(In billions of U.S. dollars, not seasonally adjusted)@@@@1@8@@oe@2-2-2013
21970038@unknown@formal@none@1@S@*Newly industrialized countries: Singapore, Hong Kong, Taiwan, South Korea@@@@1@9@@oe@2-2-2013
21971001@unknown@formal@none@1@S@Steve Jobs took a step back from the frontier of personal-computer technology in an effort to spur sales of Next Inc.'s new machine.@@@@1@23@@oe@2-2-2013
21971002@unknown@formal@none@1@S@Mr. Jobs moved to remedy a couple of his computer's drawbacks yesterday by lowering the entry-level price for a Next machine by $1,500, or 23%, if the buyer chooses a hard-disk drive as an alternative to Next's optical-storage device.@@@@1@39@@oe@2-2-2013
21971003@unknown@formal@none@1@S@The hard drive, which is the storage device of choice for virtually every desktop computer user, also now will supplement Next's futuristic optical device if buyers pay full price.@@@@1@29@@oe@2-2-2013
21971004@unknown@formal@none@1@S@Mr. Jobs, co-founder of Apple Computer Inc., founded Next four years ago in the hopes of fomenting a revolution in the way desktop computers are designed and used.@@@@1@28@@oe@2-2-2013
21971005@unknown@formal@none@1@S@His Next computer, introduced about a year ago and aimed primarily at university computer users, sports snazzy graphics, digital sound, built-in networking and a sleek black design.@@@@1@27@@oe@2-2-2013
21971006@unknown@formal@none@1@S@But the computer was proving a hard sell because of its high price, a lack of software and an optical data-storage device that was too slow.@@@@1@26@@oe@2-2-2013
21971007@unknown@formal@none@1@S@The machine began shipping at the end of last year.@@@@1@10@@oe@2-2-2013
21971008@unknown@formal@none@1@S@The closely held company hasn't disclosed sales.@@@@1@7@@oe@2-2-2013
21971009@unknown@formal@none@1@S@However, most universities that have bought the machines say they are buying small numbers for evaluation purposes.@@@@1@17@@oe@2-2-2013
21971010@unknown@formal@none@1@S@Universities can now buy a Next computer without an optical storage device for $4,995.@@@@1@14@@oe@2-2-2013
21971011@unknown@formal@none@1@S@A computer with the optical device will still cost $6,495, but from now on Next will outfit every computer with a hard drive and supply one at no cost to those who have already bought Next machines.@@@@1@37@@oe@2-2-2013
21971012@unknown@formal@none@1@S@Commercial customers can purchase the same system through Businessland Inc., a computer retailer based in San Jose, Calif., for roughly $3,000 more.@@@@1@22@@oe@2-2-2013
21971013@unknown@formal@none@1@S@Mr. Jobs said the changes were prompted by requests from customers who are frustrated with the performance of the optical device, which isn't offered as standard equipment by any rivals.@@@@1@30@@oe@2-2-2013
21971014@unknown@formal@none@1@S@Another factor was that customers were asking, "Why don't you give us a cheaper system?" Mr. Jobs said at a conference on university computing here.@@@@1@25@@oe@2-2-2013
21971015@unknown@formal@none@1@S@Optical-storage devices can handle very large amounts of data and make it far easier to edit film clips or audio recordings with a computer.@@@@1@24@@oe@2-2-2013
21971016@unknown@formal@none@1@S@But the technology, while reliable, is far slower than the widely used hard drives.@@@@1@14@@oe@2-2-2013
21971017@unknown@formal@none@1@S@To get around the delays caused by the optical device, Businessland, which is Next's exclusive dealer to corporations, has for months been advising customers to purchase hard drives with the machines.@@@@1@31@@oe@2-2-2013
21971018@unknown@formal@none@1@S@Next's decision to rely on the more-established hard drive in every Next computer doesn't signal a retreat from optical storage, said Mr. Jobs, who for years has said this technology will play a crucial role in the next decade.@@@@1@39@@oe@2-2-2013
21971019@unknown@formal@none@1@S@"We're extremely committed to optical storage technology" he said.@@@@1@9@@oe@2-2-2013
21971020@unknown@formal@none@1@S@"We think everything will go this way in a few years."@@@@1@11@@oe@2-2-2013
21971021@unknown@formal@none@1@S@He said that the next generation of optical drives will be as fast as hard drives, but he depends on outside suppliers for the devices.@@@@1@25@@oe@2-2-2013
21971022@unknown@formal@none@1@S@But university computer specialists, who welcomed the move, called it a necessary retreat from the cutting edge of technology and one that's likely to increase Next's sales on campuses.@@@@1@29@@oe@2-2-2013
21971023@unknown@formal@none@1@S@"From the standpoint of being on the forefront of technology, this is a step backward," said Jerry W. Sprecher, a senior computing manager for the California state university system.@@@@1@29@@oe@2-2-2013
21971024@unknown@formal@none@1@S@"But it will definitely boost Next's sales."@@@@1@7@@oe@2-2-2013
21971025@unknown@formal@none@1@S@Universities, however, say Next's prices must go even lower before large numbers of students purchase the machine.@@@@1@17@@oe@2-2-2013
21971026@unknown@formal@none@1@S@"We'd still like to see a student model," priced at about $3,500, said Ronald Johnson, director of academic computing at Minnesota's Gustavus Adolphus College, which has bought eight Next machines.@@@@1@30@@oe@2-2-2013
21971027@unknown@formal@none@1@S@Broad acceptance of Next's computer also is hindered by difficulty in distributing software for it.@@@@1@15@@oe@2-2-2013
21971028@unknown@formal@none@1@S@Most software is distributed on cheap floppy disks, but the Next computer doesn't come with a device that reads them.@@@@1@20@@oe@2-2-2013
21971029@unknown@formal@none@1@S@Next's computer also needs more software applications, but Mr. Jobs said he expects more soon.@@@@1@15@@oe@2-2-2013
21971030@unknown@formal@none@1@S@He said he expects Lotus Development Corp. to introduce a Next version of its popular 1-2-3 spreadsheet program in 1990.@@@@1@20@@oe@2-2-2013
21971031@unknown@formal@none@1@S@Educators added that Next needs to soon offer a color version of its computer.@@@@1@14@@oe@2-2-2013
21971032@unknown@formal@none@1@S@Every major maker offers computers with color displays.@@@@1@8@@oe@2-2-2013
21971033@unknown@formal@none@1@S@Next won't comment on when it will do the same, but is believed to have a color model under development.@@@@1@20@@oe@2-2-2013
21972001@unknown@formal@none@1@S@Donald J. Amaral, 37 years old, was named president and chief operating officer of this owner and operator of hospitals, nursing centers and retirement hotels.@@@@1@25@@oe@2-2-2013
21972002@unknown@formal@none@1@S@He succeeds as president, Don Freeberg, who remains chairman and chief executive officer.@@@@1@13@@oe@2-2-2013
21972003@unknown@formal@none@1@S@The position of chief operating officer is new.@@@@1@8@@oe@2-2-2013
21973001@unknown@formal@none@1@S@Ashton-Tate Corp. reported a net loss of $19.4 million, or 74 cents a share, for the third quarter, which was burdened by severance costs and the expense of upgrading its database software inventories.@@@@1@33@@oe@2-2-2013
21973002@unknown@formal@none@1@S@The software company said revenue slid 28% to $53.9 million.@@@@1@10@@oe@2-2-2013
21973003@unknown@formal@none@1@S@This contrasts with the year-ago quarter, when the company had net income of $11.7 million, or 45 cents a share, on revenue of $75.7 million.@@@@1@25@@oe@2-2-2013
21973004@unknown@formal@none@1@S@For the nine months, Ashton-Tate had a loss of $27.6 million, or $1.05 a share.@@@@1@15@@oe@2-2-2013
21973005@unknown@formal@none@1@S@In the year-ago period, the company had profit of $34.3 million, or $1.32 a share.@@@@1@15@@oe@2-2-2013
21973006@unknown@formal@none@1@S@Revenue in the period slid almost 8% to $203.2 million from about $220 million last year.@@@@1@16@@oe@2-2-2013
21973007@unknown@formal@none@1@S@Edward M. Esber, chairman, president and chief executive officer, attributed the decline to reduced domestic revenue because of $4.9 million spent to upgrade existing software inventories to the new database IV Version 1.1, and $1.8 million spent on the recent reduction in work force.@@@@1@44@@oe@2-2-2013
21973008@unknown@formal@none@1@S@He said the company was "encouraged by feedback" it received from selected customers now testing Version 1.1.@@@@1@17@@oe@2-2-2013
21973009@unknown@formal@none@1@S@The red ink came as no surprise to Wall Street, but analysts said they saw ominous hints of a further delay in volume shipments of Version 1.1, a harbinger of continued losses in the fourth quarter.@@@@1@36@@oe@2-2-2013
21973010@unknown@formal@none@1@S@"The loss is in line with our expectations," said John C. Maxwell III, an analyst with Dillon, Read & Co. in New York.@@@@1@23@@oe@2-2-2013
21973011@unknown@formal@none@1@S@He added gross margins and operating profit "eroded quite dramatically" from the prior quarter, along with sales of existing software product lines like Multimate and Framework.@@@@1@26@@oe@2-2-2013
21973012@unknown@formal@none@1@S@"The success of a new product in the database line is needed.@@@@1@12@@oe@2-2-2013
21973013@unknown@formal@none@1@S@And while the company hasn't made a definite statement, it now looks like that's not going to be anytime soon," Mr. Maxwell said.@@@@1@23@@oe@2-2-2013
21973014@unknown@formal@none@1@S@The company said in a statement that it expects to ship new products "during the next two quarters."@@@@1@18@@oe@2-2-2013
21973015@unknown@formal@none@1@S@"It now looks like database IV Version 1.1 isn't going to be {widely} available until the first quarter of 1990," said David Bayer, an analyst with Montgomery Securities in San Francisco.@@@@1@31@@oe@2-2-2013
21973016@unknown@formal@none@1@S@"This is the second delay now in getting the product out the door.@@@@1@13@@oe@2-2-2013
21973017@unknown@formal@none@1@S@It does prolong the pain somewhat."@@@@1@6@@oe@2-2-2013
21973018@unknown@formal@none@1@S@Mr. Maxwell said unless the company can start shipments of the new product sometime this quarter, the fourth-quarter loss is likely to be "comparable to the third quarter's."@@@@1@28@@oe@2-2-2013
21973019@unknown@formal@none@1@S@If the company can start to ship during this quarter, it could stem some, if not all of the red ink, he said.@@@@1@23@@oe@2-2-2013
21973020@unknown@formal@none@1@S@In national over-the-counter trading, Ashton-Tate closed yesterday at $10 a share, up 62.5 cents.@@@@1@14@@oe@2-2-2013
21974001@unknown@formal@none@1@S@Tuesday, October 17, 1989@@@@1@4@@oe@2-2-2013
21974002@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
21974003@unknown@formal@none@1@S@PRIME RATE: 10 1/2%.@@@@1@4@@oe@2-2-2013
21974004@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
21974005@unknown@formal@none@1@S@FEDERAL FUNDS: 8 11/16% high, 8 5/8% low, 8 5/8% near closing bid, 8 11/16% offered.@@@@1@16@@oe@2-2-2013
21974006@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
21974007@unknown@formal@none@1@S@Source: Fulton Prebon (U.S.A.) Inc.@@@@1@5@@oe@2-2-2013
21974008@unknown@formal@none@1@S@DISCOUNT RATE: 7%.@@@@1@3@@oe@2-2-2013
21974009@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
21974010@unknown@formal@none@1@S@CALL MONEY: 9 3/4% to 10%.@@@@1@6@@oe@2-2-2013
21974011@unknown@formal@none@1@S@The charge on loans to brokers on stock exchange collateral.@@@@1@10@@oe@2-2-2013
21974012@unknown@formal@none@1@S@COMMERCIAL PAPER placed directly by General Motors Acceptance Corp.: 8.40% 30 to 44 days; 8.325% 45 to 59 days; 8.10% 60 to 89 days; 8% 90 to 119 days; 7.85% 120 to 149 days; 7.70% 150 to 179 days; 7.375% 180 to 270 days.@@@@1@44@@oe@2-2-2013
21974013@unknown@formal@none@1@S@COMMERCIAL PAPER: High-grade unsecured notes sold through dealers by major corporations in multiples of $1,000: 8.50% 30 days; 8.40% 60 days; 8.375% 90 days.@@@@1@24@@oe@2-2-2013
21974014@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
21974015@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
21974016@unknown@formal@none@1@S@The minimum unit is $100,000.@@@@1@5@@oe@2-2-2013
21974017@unknown@formal@none@1@S@Typical rates in the secondary market: 8.50% one month; 8.50% three months; 8.45% six months.@@@@1@15@@oe@2-2-2013
21974018@unknown@formal@none@1@S@BANKERS ACCEPTANCES: 8.38% 30 days; 8.28% 60 days; 8.23% 90 days; 8.13% 120 days; 8.03% 150 days; 7.93% 180 days.@@@@1@20@@oe@2-2-2013
21974019@unknown@formal@none@1@S@Negotiable, bank-backed business credit instruments typically financing an import order.@@@@1@10@@oe@2-2-2013
21974020@unknown@formal@none@1@S@LONDON LATE EURODOLLARS: 8 5/8% to 8 1/2% one month; 8 9/16% to 8 7/16% two months; 8 9/16% to 8 7/16% three months; 8 1/2% to 8 3/8% four months; 8 7/16% to 8 5/16% five months; 8 7/16% to 8 5/16% six months.@@@@1@45@@oe@2-2-2013
21974021@unknown@formal@none@1@S@LONDON INTERBANK OFFERED RATES (LIBOR): 8 5/8% one month; 8 9/16% three months; 8 7/16% six months; 8 7/16% one year.@@@@1@21@@oe@2-2-2013
21974022@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
21974023@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
21974024@unknown@formal@none@1@S@These rate indications aren't directly comparable; lending practices vary widely by location.@@@@1@12@@oe@2-2-2013
21974025@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
21974026@unknown@formal@none@1@S@FEDERAL HOME LOAN MORTGAGE CORP. (Freddie Mac): Posted yields on 30-year mortgage commitments for delivery within 30 days.@@@@1@18@@oe@2-2-2013
21974027@unknown@formal@none@1@S@9.88%, standard conventional fixed-rate mortgages; 7.875%, 2% rate capped one-year adjustable rate mortgages.@@@@1@13@@oe@2-2-2013
21974028@unknown@formal@none@1@S@Source: Telerate Systems Inc.@@@@1@4@@oe@2-2-2013
21974029@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) 9.80%, standard conventional fixed-rate mortgages; 8.70%, 6/2 rate capped one-year adjustable rate mortgages.@@@@1@34@@oe@2-2-2013
21974030@unknown@formal@none@1@S@Source: Telerate Systems Inc.@@@@1@4@@oe@2-2-2013
21974031@unknown@formal@none@1@S@MERRILL LYNCH READY ASSETS TRUST: 8.50%.@@@@1@6@@oe@2-2-2013
21974032@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
21975001@unknown@formal@none@1@S@Ethyl Corp. reported that third-quarter net income fell 12% from a year-earlier quarter helped by a gain from discontinued operations.@@@@1@20@@oe@2-2-2013
21975002@unknown@formal@none@1@S@Profit from continuing operations rose 19%.@@@@1@6@@oe@2-2-2013
21975003@unknown@formal@none@1@S@The chemicals and insurance company said net in the latest quarter was $54.8 million, or 45 cents a share.@@@@1@19@@oe@2-2-2013
21975004@unknown@formal@none@1@S@In the year-earlier quarter, net was $62.2 million, or 51 cents a share.@@@@1@13@@oe@2-2-2013
21975005@unknown@formal@none@1@S@The previous-year quarter included $16.1 million from businesses spun off as Tredegar Industries Inc.@@@@1@14@@oe@2-2-2013
21975006@unknown@formal@none@1@S@Revenue was $613.7 million, up 18% from $521.2 million a year ago.@@@@1@12@@oe@2-2-2013
21975007@unknown@formal@none@1@S@Ethyl said pretax profit from its insurance segment, excluding investment gains, rose 28% in the latest quarter to $28.6 million from $22.4 million.@@@@1@23@@oe@2-2-2013
21975008@unknown@formal@none@1@S@In the chemicals segment, pretax profit rose 7% to $69.2 million from $64.9 million.@@@@1@14@@oe@2-2-2013
21975009@unknown@formal@none@1@S@The company's chemicals interests include, among other things, petroleum additives, pharmaceuticals ingredients and polysilicon used by the semiconductor industry.@@@@1@19@@oe@2-2-2013
21975010@unknown@formal@none@1@S@For the nine months, Ethyl said net fell 2% to $168.7 million, or $1.40 a share, from $172.2 million, $1.42 a share, a year ago.@@@@1@25@@oe@2-2-2013
21975011@unknown@formal@none@1@S@Net in the latest period included $11.9 million from discontinued operations and a charge of $6.2 million from a plant closing.@@@@1@21@@oe@2-2-2013
21975012@unknown@formal@none@1@S@In the year-ago period, net included $32.7 million from discontinued operations.@@@@1@11@@oe@2-2-2013
21975013@unknown@formal@none@1@S@Revenue was $1.79 billion, up 18% from $1.52 billion a year earlier.@@@@1@12@@oe@2-2-2013
21975014@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Ethyl closed at $25.875 a share, up 12.5 cents.@@@@1@16@@oe@2-2-2013
21976001@unknown@formal@none@1@S@Tribune Co., helped by a hefty boost in performance at its broadcasting and entertainment operations, said net income jumped 21% in its third quarter ended Sept. 24 on a 3% increase in revenue.@@@@1@33@@oe@2-2-2013
21976002@unknown@formal@none@1@S@The broadcasting and newspaper concern, based in Chicago, said net was $62.7 million, or 77 cents a primary share, up from $51.6 million, or 69 cents a share.@@@@1@28@@oe@2-2-2013
21976003@unknown@formal@none@1@S@Per-share figures this year reflect $6.8 million in preferred-share dividends; the 1988 quarter didn't have such a payout.@@@@1@18@@oe@2-2-2013
21976004@unknown@formal@none@1@S@Revenue rose to $590.7 million from $575.1 million.@@@@1@8@@oe@2-2-2013
21976005@unknown@formal@none@1@S@Nine-month net climbed 19% to $174.8 million, or $2.21 a primary share, from $147.5 million, or $1.94 a share.@@@@1@19@@oe@2-2-2013
21976006@unknown@formal@none@1@S@Nine-month per-share figures for 1989 reflect $12.9 million in preferred dividends that had no counterpart in the year-earlier quarter.@@@@1@19@@oe@2-2-2013
21976007@unknown@formal@none@1@S@Revenue rose 4% to $1.79 billion.@@@@1@6@@oe@2-2-2013
21976008@unknown@formal@none@1@S@In New York Stock Exchange composite trading Friday, Tribune closed at $49.375, down $4.75.@@@@1@14@@oe@2-2-2013
21977001@unknown@formal@none@1@S@Enserch Corp. said about 12 million, or 93%, of the publicly traded units of its limited partnership, Enserch Exploration Partners Ltd., were tendered in response to an offer that expired Monday.@@@@1@31@@oe@2-2-2013
21977002@unknown@formal@none@1@S@Enserch said the tendered units will raise its ownership of the partnership to more than 99% from 87%.@@@@1@18@@oe@2-2-2013
21977003@unknown@formal@none@1@S@About 900,000 units will continue to be publicly traded on the New York Stock Exchange, Enserch said.@@@@1@17@@oe@2-2-2013
21977004@unknown@formal@none@1@S@Enserch had offered one-half a share of its common and $1 in cash for each unit.@@@@1@16@@oe@2-2-2013
21978001@unknown@formal@none@1@S@The public sector borrowing requirement, the most widely used measure of Britain's government deficit or surplus, showed a deficit of #200 million in September, compared with a deficit of #765 million in August and a deficit of #1.08 billion in September 1988, the Treasury said.@@@@1@45@@oe@2-2-2013
21978002@unknown@formal@none@1@S@In the six months since the current fiscal year began April 1, the surplus totaled #500 million, compared with a surplus of #3.6 billion in the year-earlier period.@@@@1@28@@oe@2-2-2013
21978003@unknown@formal@none@1@S@The government is projecting a #14 billion surplus for the fiscal year.@@@@1@12@@oe@2-2-2013
21978004@unknown@formal@none@1@S@The reported figures for the public sector borrowing requirement include receipts from the sale of state-owned industries.@@@@1@17@@oe@2-2-2013
21978005@unknown@formal@none@1@S@Excluding those receipts, the government deficit would have totaled about #2.5 billion in the first six months, compared with #1.3 billion a year earlier, the Treasury said.@@@@1@27@@oe@2-2-2013
21979001@unknown@formal@none@1@S@French crude-steel production in September was 1,616,000 metric tons, unchanged from a year earlier, according to the National Steel Manufacturers' Association.@@@@1@21@@oe@2-2-2013
21979002@unknown@formal@none@1@S@The association said the September total brought French output for the first nine months this year to 14,789,000 tons, up 4.5% from a year earlier.@@@@1@25@@oe@2-2-2013
21980001@unknown@formal@none@1@S@Prospect Group Inc., whose recent hostile tender offer for Recognition Equipment Inc. failed for lack of financing, apparently has gained a measure of control over the troubled company anyway.@@@@1@29@@oe@2-2-2013
21980002@unknown@formal@none@1@S@As part of what a Recognition spokeswoman termed an "amiable agreement," Prospect Group will wind up with control of top management posts and an increased stake in the maker of data management equipment.@@@@1@33@@oe@2-2-2013
21980003@unknown@formal@none@1@S@In a management restructuring, Thomas L. Ringer resigned as chairman, chief executive and a director, while Israel Sheinberg resigned as a director.@@@@1@22@@oe@2-2-2013
21980004@unknown@formal@none@1@S@Mr. Sheinberg remains as executive vice president.@@@@1@7@@oe@2-2-2013
21980005@unknown@formal@none@1@S@Thomas M. Hurley and Robert A. Vanourek, who had been designated to take over Recognition's top spots had Prospect's tender offer succeeded, were named co-chief executives and directors.@@@@1@28@@oe@2-2-2013
21980006@unknown@formal@none@1@S@Mr. Hurley was formerly a vice president and general manager of an Avery International division; Mr. Vanourek was a former group vice president of Pitney Bowes Inc.@@@@1@27@@oe@2-2-2013
21980007@unknown@formal@none@1@S@In addition, the agreement calls for Gilbert H. Lamphere, chairman of Prospect Group's executive committee, to be named chairman of a restructured board that will include four new independent directors.@@@@1@30@@oe@2-2-2013
21980008@unknown@formal@none@1@S@Also named to the revised board was Thomas A. Loose, Recognition's senior vice president and general counsel.@@@@1@17@@oe@2-2-2013
21980009@unknown@formal@none@1@S@Prospect, a New York-based leveraged buy-out firm, also agreed to invest $15 million in Recognition, which in turn agreed to repurchase as much as $20 million of its stock.@@@@1@29@@oe@2-2-2013
21980010@unknown@formal@none@1@S@That would increase Prospect's ownership of the company's fully-diluted shares outstanding to 20% from 14.1%.@@@@1@15@@oe@2-2-2013
21980011@unknown@formal@none@1@S@Under the agreement, Prospect is permitted to increase its stake in Recognition to 30%.@@@@1@14@@oe@2-2-2013
21980012@unknown@formal@none@1@S@Beyond that, Prospect said it wouldn't offer to acquire additional shares for less than $11.25 a share during the next year or less than $14.06 a share during the subsequent two years.@@@@1@32@@oe@2-2-2013
21980013@unknown@formal@none@1@S@Recognition also said it obtained a commitment from Chemical Bank and Bank of Boston to convert an estimated $18 million in bank debt to a new, 24-month secured term loan to be repaid through the sale of certain assets.@@@@1@39@@oe@2-2-2013
21980014@unknown@formal@none@1@S@In August, Recognition said it was in violation of certain terms of its debt agreements with bank lenders because of a $3.9 million loss for the third quarter ended July 31.@@@@1@31@@oe@2-2-2013
21980015@unknown@formal@none@1@S@The company attributed the loss to declining revenue and litigation costs relating to criminal charges against the company and two former executives, William G. Moore Jr. and Robert W. Reedy.@@@@1@30@@oe@2-2-2013
21980016@unknown@formal@none@1@S@The former executives were indicted last October on charges of fraud, theft and conspiracy related to efforts by the company to win $400 million in Postal Service contracts.@@@@1@28@@oe@2-2-2013
21980017@unknown@formal@none@1@S@Recognition Equipment said it expected to put the agreement with Prospect to a vote of its stockholders at a special meeting in January.@@@@1@23@@oe@2-2-2013
21980018@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Recognition rose 87.5 cents to $6.625.@@@@1@13@@oe@2-2-2013
21980019@unknown@formal@none@1@S@Prospect slipped 25 cents to $10.50 in national over-the-counter trading.@@@@1@10@@oe@2-2-2013
21981001@unknown@formal@none@1@S@General Motors Corp.'s Chevrolet division, reacting to slow sales, said it will offer $800 rebates on its 1990 Beretta, the two-door version of its core compact-car line.@@@@1@27@@oe@2-2-2013
21981002@unknown@formal@none@1@S@Sluggish sales of the Beretta, and its four-door sister car, the Corsica, prompted GM to idle the two plants that build the automobiles for a total of three weeks this month.@@@@1@31@@oe@2-2-2013
21981003@unknown@formal@none@1@S@The Corsica and Beretta make up the highest-volume car line at Chevrolet, but sales of the vehicles are off 9.6% for the year, and fell a steep 34% during early October.@@@@1@31@@oe@2-2-2013
21981004@unknown@formal@none@1@S@Chevrolet already is offering an $800 rebate on the 1990-model Corsica.@@@@1@11@@oe@2-2-2013
21981005@unknown@formal@none@1@S@The latest rebate is good for all Beretta models.@@@@1@9@@oe@2-2-2013
21981006@unknown@formal@none@1@S@Chevrolet buyers can take the rebate, or get discount financing at rates ranging from 6.9% on 24-month loans to 10.9% on 60-month loans.@@@@1@23@@oe@2-2-2013
21982001@unknown@formal@none@1@S@StatesWest Airlines said it submitted an offer to the directors of Mesa Airlines to acquire the Farmington, N.M., carrier.@@@@1@19@@oe@2-2-2013
21982002@unknown@formal@none@1@S@Except to characterize its offer as "fair and generous and in the best interests of Mesa shareholders," StatesWest declined to discuss details of its proposal.@@@@1@25@@oe@2-2-2013
21982003@unknown@formal@none@1@S@It also asked Mesa to keep the proposal confidential.@@@@1@9@@oe@2-2-2013
21982004@unknown@formal@none@1@S@A Mesa official confirmed receipt of the offer and said directors would meet to consider it.@@@@1@16@@oe@2-2-2013
21982005@unknown@formal@none@1@S@Last week, Mesa rejected a proposal by StatesWest to acquire it or merge.@@@@1@13@@oe@2-2-2013
21982006@unknown@formal@none@1@S@StatesWest has a 7.25% stake in Mesa, which operates 20 twin-engine and two single-engine turboprops among 42 cities in New Mexico, Arizona, Wyoming, Colorado and Texas.@@@@1@26@@oe@2-2-2013
21982007@unknown@formal@none@1@S@StatesWest operates four twin-engine turboprop aircraft, connecting 10 cities in California, Arizona and Nevada.@@@@1@14@@oe@2-2-2013
21982008@unknown@formal@none@1@S@The carrier hasn't yet turned a profit.@@@@1@7@@oe@2-2-2013
21983001@unknown@formal@none@1@S@The former president of FirstSouth F.A., a defunct Arkansas thrift, pleaded guilty to conspiring to inflate the institution's earnings by concealing worthless loan guarantees.@@@@1@24@@oe@2-2-2013
21983002@unknown@formal@none@1@S@Roderick D. Reed III, who was also chief operating officer of FirstSouth, could receive a maximum sentence of five years in federal prison and a $250,000 fine.@@@@1@27@@oe@2-2-2013
21983003@unknown@formal@none@1@S@A sentencing date hasn't been set.@@@@1@6@@oe@2-2-2013
21983004@unknown@formal@none@1@S@Mr. Reed admitted he conspired to conceal an agreement not to enforce loan guarantees executed by Dallas real-estate developers A. Starke Taylor III and George S. Watson, both of whom were FirstSouth stockholders.@@@@1@33@@oe@2-2-2013
21983005@unknown@formal@none@1@S@Neither Mr. Taylor nor Mr. Watson have been charged with criminal wrongdoing.@@@@1@12@@oe@2-2-2013
21983006@unknown@formal@none@1@S@By concealing the non-enforcement agreement, certain transactions with Messrs. Taylor and Watson were entered on FirstSouth's books as loans, allowing the thrift to report fees and interest as current income, according to the U.S. attorney's office in Little Rock, Ark.@@@@1@40@@oe@2-2-2013
21983007@unknown@formal@none@1@S@The conspiracy was part of an effort by Mr. Reed to hide FirstSouth's shaky financial condition from federal regulators, according to federal prosecutors and regulators.@@@@1@25@@oe@2-2-2013
21983008@unknown@formal@none@1@S@The $1.68 billion thrift was declared insolvent and closed in December 1986.@@@@1@12@@oe@2-2-2013
21983009@unknown@formal@none@1@S@FirstSouth's former chairman and chief executive officer, Howard Weichern, is also charged with conspiring to conceal the agreements with Messrs. Watson and Taylor.@@@@1@23@@oe@2-2-2013
21983010@unknown@formal@none@1@S@Mr. Weichern is scheduled for trial Jan. 3 before federal Judge Stephen Reasoner of Little Rock.@@@@1@16@@oe@2-2-2013
21984001@unknown@formal@none@1@S@I approached "Mastergate," Larry Gelbart's new comedy at the Criterion Center, with considerable trepidation.@@@@1@14@@oe@2-2-2013
21984002@unknown@formal@none@1@S@Nothing, I assumed, would be more hopelessly dated than a political satire on the Iran-Contra affair.@@@@1@16@@oe@2-2-2013
21984003@unknown@formal@none@1@S@I had underestimated, however, both Mr. Gelbart's wit and the persistence of scandal in Washington.@@@@1@15@@oe@2-2-2013
21984004@unknown@formal@none@1@S@Though the play clearly is framed around the events of Iran-Contra, it takes in the wide sweep of scandals over the past 30 years.@@@@1@24@@oe@2-2-2013
21984005@unknown@formal@none@1@S@In fact, at one point Merry Chase (Melinda Mullins), a cool, carefully coiffed television announcer, recites a list of a dozen or more scandals of recent years, concluding with those affecting the Department of Housing and Urban Development and the savings and loan industry.@@@@1@44@@oe@2-2-2013
21984006@unknown@formal@none@1@S@Onstage, a congressional hearing is in progress, complete with elegant crystal chandelier overhead and a lifesize reproduction of the signing of the Constitution in the background.@@@@1@26@@oe@2-2-2013
21984007@unknown@formal@none@1@S@The witness table is center stage and below it, the paraphernalia for the ever-present media, in this case TNN, the Total News Network.@@@@1@23@@oe@2-2-2013
21984008@unknown@formal@none@1@S@Not only are there camera operators on all sides, but the proceedings are shown on monitors throughout the theater.@@@@1@19@@oe@2-2-2013
21984009@unknown@formal@none@1@S@The metaphor of theater is not entirely coincidental.@@@@1@8@@oe@2-2-2013
21984010@unknown@formal@none@1@S@Mr. Gelbart clearly feels that all the participants in a congressional hearing -- the witnesses, the lawyers, the interrogators and the news media -- are performers.@@@@1@26@@oe@2-2-2013
21984011@unknown@formal@none@1@S@As the story of "Mastergate" unfolds, we learn that the Internal Revenue Service confiscated one of the properties of a foreign financier who owes the government millions in taxes.@@@@1@29@@oe@2-2-2013
21984012@unknown@formal@none@1@S@The man, it seems, has a Lichtenstein corporation, licensed in Libya and sheltered in the Bahamas.@@@@1@16@@oe@2-2-2013
21984013@unknown@formal@none@1@S@He himself lives in a "consecutive series of unnumbered houses in a town in Switzerland."@@@@1@15@@oe@2-2-2013
21984014@unknown@formal@none@1@S@The property seized by the IRS is a Hollywood film studio, Master Pictures Incorporated (MPI).@@@@1@15@@oe@2-2-2013
21984015@unknown@formal@none@1@S@Supposedly the IRS will sell off the assets of MPI, but before it can, a lowly IRS agent is called into the hospital room of Wylie Slaughter, the dying head of the Central Intelligence Agency.@@@@1@35@@oe@2-2-2013
21984016@unknown@formal@none@1@S@The lowly agent, Abel Lamb, who as you might guess, is being led to the slaughter, is ordered to take over the studio.@@@@1@23@@oe@2-2-2013
21984017@unknown@formal@none@1@S@Soon the studio is producing a $40 million picture called "Tet, the Motion Picture," to distinguish it from "Tet, the Offensive," as well as "Tet, the Book" and "Tet, the Album."@@@@1@31@@oe@2-2-2013
21984018@unknown@formal@none@1@S@The picture, to be made in the Central American country of San Elvador, is a cover for sending $800 million of arms to Los Otros, the rebel group attempting to regain neighboring Ambigua, which has been taken over by the leftist dictator Dr. Overtega, a former podiatrist, who leads a revolutionary band of foot soldiers.@@@@1@55@@oe@2-2-2013
21984019@unknown@formal@none@1@S@The man handling all this for the now-deceased Slaughter is Major Manley Battle, Mr. Gelbart's stand in for Col. Oliver North.@@@@1@21@@oe@2-2-2013
21984020@unknown@formal@none@1@S@Director Michael Engler has assembled a top-flight cast to carry out the impersonations of well-known political figures and to play the stock characters who invariably show up at congressional hearings.@@@@1@30@@oe@2-2-2013
21984021@unknown@formal@none@1@S@Daniel von Bargen is ramrod-stiff but totally assured as Major Battle, mixing just the right brand of self-righteousness and patriotism; Jeff Weiss is fire, brimstone and teary-eyed emotionalism as the far-right senator who serves as a friendly interrogator of Major Battle; Zach Grenier is maddeningly officious playing a succession of lawyers; Joseph Daly has the perfect "aw, shucks" demeanor of George Bush in his portrayal of the vice president; and Ann McDonough is first-rate as a succession of witnesses' wives.@@@@1@80@@oe@2-2-2013
21984022@unknown@formal@none@1@S@With one she is pregnant, with Major Battle she is knitting an American flag, and as the vice president's wife she rushes in with white hair, wearing a tailored suit and pearls, imitating Barbara Bush's gestures down to the last detail.@@@@1@41@@oe@2-2-2013
21984023@unknown@formal@none@1@S@Though it's clear that Mr. Gelbart's sympathies do not lie with the far right, it's also true that he is evenhanded in dispensing his satirical jabs, taking sharp aim at senators and congressmen of all stripes and particularly at the media.@@@@1@41@@oe@2-2-2013
21984024@unknown@formal@none@1@S@Mr. Gelbart also has fun with language.@@@@1@7@@oe@2-2-2013
21984025@unknown@formal@none@1@S@"Mastergate" is subtitled "a play on words," and Mr. Gelbart plays that game as well as anyone.@@@@1@17@@oe@2-2-2013
21984026@unknown@formal@none@1@S@He describes a Mastergate flunky as one who experienced a "meteoric disappearance" and found himself "handling blanket appeals at the Bureau of Indian Affairs."@@@@1@24@@oe@2-2-2013
21984027@unknown@formal@none@1@S@This interest in words goes beyond puns and playfulness, however.@@@@1@10@@oe@2-2-2013
21984028@unknown@formal@none@1@S@Mr. Gelbart deplores the obfuscation, the circumlocution and the debasement of language he sees on all sides.@@@@1@17@@oe@2-2-2013
21984029@unknown@formal@none@1@S@As the hearings begin, the self-important Sen. Bowman (Jerome Kilty) announces: "Let me emphaticize one thing at the outset: We are not looking for hides to skin nor goats to scape."@@@@1@31@@oe@2-2-2013
21984030@unknown@formal@none@1@S@Major Battle himself speaks in pure Pentagonese: "Without further monetary-stroke-military aid, scores of Ambiguan freedom lovers, who had gone way out on their life and limbs for us, were literally cut off at the knees without a paddle."@@@@1@38@@oe@2-2-2013
21984031@unknown@formal@none@1@S@At another point he intones: "Publicity is a small price to pay for secrecy."@@@@1@14@@oe@2-2-2013
21984032@unknown@formal@none@1@S@The evening is short -- 95 minutes without an intermission -- but even so, as the play progresses the thrust of Mr. Gelbart's satire loses its sharpness as his targets pop up ever more predictably.@@@@1@35@@oe@2-2-2013
21984033@unknown@formal@none@1@S@Most of the evening, though, is filled with rare and welcome wit.@@@@1@12@@oe@2-2-2013
21984034@unknown@formal@none@1@S@In "Mastergate," Mr. Gelbart has provided us not just one but two commodities that have all but disappeared from the Broadway theater: sharp political satire and an even sharper appreciation of the value of language.@@@@1@35@@oe@2-2-2013
21985001@unknown@formal@none@1@S@The Federal National Mortgage Association set up a three-member office of the chairman and elected James A. Johnson as vice chairman, effective Jan. 1.@@@@1@24@@oe@2-2-2013
21985002@unknown@formal@none@1@S@Mr. Johnson has been a managing director at Shearson Lehman Hutton since 1985, and before that was president of Public Strategies, a Washington consulting firm.@@@@1@25@@oe@2-2-2013
21985003@unknown@formal@none@1@S@He is well-known in Democratic circles, having been executive assistant to Vice President Walter Mondale and chairman of Mr. Mondale's 1984 presidential campaign.@@@@1@23@@oe@2-2-2013
21985004@unknown@formal@none@1@S@At Fannie Mae, he will take responsibility for the corporation's financial and legal areas and will work with David Maxwell, chairman and chief executive officer, and Roger Birk, president and chief operating officer, on strategic planning.@@@@1@36@@oe@2-2-2013
21985005@unknown@formal@none@1@S@Mr. Johnson, 45 years old, has been a consultant on strategy to Fannie Mae for the past 3 1/2 years.@@@@1@20@@oe@2-2-2013
21985006@unknown@formal@none@1@S@In an interview, he said Fannie Mae faces a number of challenges with the restructuring of the thrift industry and the push to broaden its activities overseas.@@@@1@27@@oe@2-2-2013
21985007@unknown@formal@none@1@S@"There's no shortage of major things to do," he said.@@@@1@10@@oe@2-2-2013
21985008@unknown@formal@none@1@S@Fannie Mae also said James A. Aliber, chairman of First Federal of Michigan and a director since 1985, moved up the date of his retirement from the board to accommodate Mr. Johnson's election as a director.@@@@1@36@@oe@2-2-2013
21985009@unknown@formal@none@1@S@The board has 13 members elected by holders and five presidential appointees.@@@@1@12@@oe@2-2-2013
21985010@unknown@formal@none@1@S@Fannie Mae, a federally chartered, shareholder-owned corporation, operates a secondary market for mortgage loans, buying loans from lenders, packaging some into securities for sale to investors and keeping the rest in its portfolio.@@@@1@33@@oe@2-2-2013
21986001@unknown@formal@none@1@S@"The New Crowd" by Judith Ramsey Ehrlich and Barry J. Rehfeld (Little, Brown, 444 pages, $19.95), describes the displacing of the old "our crowd" Jewish Wall Street banking grandees by such new business barons as Saul Steinberg, Carl Icahn, Sanford Weill and Bruce Wasserstein.@@@@1@44@@oe@2-2-2013
21986002@unknown@formal@none@1@S@Its many lively stories include the Gutfreund-Postel holiday cheer imbroglio.@@@@1@10@@oe@2-2-2013
21986003@unknown@formal@none@1@S@These two New Crowd families lived in the same apartment building, with the Postel penthouse perched on top of the Gutfreund duplex.@@@@1@22@@oe@2-2-2013
21986004@unknown@formal@none@1@S@The penthouse elevator started up from the Gutfreund landing, and Susan Gutfreund used to turn off its light, to give the impression that there was no higher floor.@@@@1@28@@oe@2-2-2013
21986005@unknown@formal@none@1@S@Eventually, Mr. Postel broke his toe in the dark.@@@@1@9@@oe@2-2-2013
21986006@unknown@formal@none@1@S@Then the Gutfreunds determined to put up a 22-foot Christmas tree, weighing a quarter of a ton, to amaze their holiday guests.@@@@1@22@@oe@2-2-2013
21986007@unknown@formal@none@1@S@For this, a crane needed to be mounted on the Postels' terrace.@@@@1@12@@oe@2-2-2013
21986008@unknown@formal@none@1@S@The Postels did not give permission.@@@@1@6@@oe@2-2-2013
21986009@unknown@formal@none@1@S@But the Gutfreund workers went ahead anyway, only to be captured "in flagrante" by Joan Postel, who called the police.@@@@1@20@@oe@2-2-2013
21986010@unknown@formal@none@1@S@Before the Gutfreunds finally left this unfriendly environment for a prodigious duplex on Fifth Avenue and an 18th-century mansion with a specially excavated $1 million garage in Paris, the Postels had obtained an injunction to prevent any future hoisting of trees, and in a neighborly spirit hit both the Gutfreunds and the building with a $35 million lawsuit.@@@@1@58@@oe@2-2-2013
21986011@unknown@formal@none@1@S@Nothing less, it seemed, could console them for their traumas.@@@@1@10@@oe@2-2-2013
21986012@unknown@formal@none@1@S@Where had all the money come from?@@@@1@7@@oe@2-2-2013
21986013@unknown@formal@none@1@S@The young John Gutfreund had been discovered by Billy Salomon of Salomon Bros. when he was still a bearded liberal, and put to work as a trader, and then as a rough-and-tumble syndicator.@@@@1@33@@oe@2-2-2013
21986014@unknown@formal@none@1@S@" `Get off your . . .,' he would bellow," say the authors.@@@@1@13@@oe@2-2-2013
21986015@unknown@formal@none@1@S@Rising in the firm, he became powerful and bland, though his new wife, Susan, made him shine in the gossip columns with her profligate spending habits and flamboyant frocks.@@@@1@29@@oe@2-2-2013
21986016@unknown@formal@none@1@S@After he had been head of the company for 3 1/2 years, he and his partners sold it to Phibro, a powerful commodity trading outfit, for $550 million in Phibro stock.@@@@1@31@@oe@2-2-2013
21986017@unknown@formal@none@1@S@Limited partner Billy Salomon, whose family name had been on the firm's door for 70 years and who had hoped it would be there forever, was not consulted.@@@@1@28@@oe@2-2-2013
21986018@unknown@formal@none@1@S@Mr. Gutfreund collected $32 million, while Billy Salomon got $10 million, much less than if he had conducted the sale.@@@@1@20@@oe@2-2-2013
21986019@unknown@formal@none@1@S@"I felt betrayed," he later said.@@@@1@6@@oe@2-2-2013
21986020@unknown@formal@none@1@S@Worse, Salomon's timing had been off.@@@@1@6@@oe@2-2-2013
21986021@unknown@formal@none@1@S@Its profits, unlike Phibro's, soared over the next two years, and had it held out, Salomon could have gotten an even bigger bundle.@@@@1@23@@oe@2-2-2013
21986022@unknown@formal@none@1@S@The book also recounts the not dissimilar maneuvers surrounding the changing of the guard at Lehman Bros. and other grand old firms.@@@@1@22@@oe@2-2-2013
21986023@unknown@formal@none@1@S@Often the genteel, conservative, long-term-oriented investment bankers were displaced by crude traders: "When angered, he cursed so forcefully that his face reddened and his pale-blue eyes narrowed into tiny slits," the authors say of Lehman's Lewis Glucksman.@@@@1@37@@oe@2-2-2013
21986024@unknown@formal@none@1@S@The earlier generation of "our crowd" bankers -- Belmonts, Warburgs, Lehmans, Baches and Schiffs -- had stressed above all probity, tradition, continuity and reputation.@@@@1@24@@oe@2-2-2013
21986025@unknown@formal@none@1@S@They were old-fashioned elegant gentlemen, who happened to be of German Jewish extraction.@@@@1@13@@oe@2-2-2013
21986026@unknown@formal@none@1@S@But in the harsh world of today's Wall Street they have lost out to more aggressive and sometimes less scrupulous successors.@@@@1@21@@oe@2-2-2013
21986027@unknown@formal@none@1@S@The cuckoo prefers the nests of other birds and heaves out their eggs.@@@@1@13@@oe@2-2-2013
21986028@unknown@formal@none@1@S@But the old guard hired the New Crowd people: It brought in its own cuckoos.@@@@1@15@@oe@2-2-2013
21986029@unknown@formal@none@1@S@So, as the Old Crowd toppled from the branch, it shouldn't have been too surprised.@@@@1@15@@oe@2-2-2013
21986030@unknown@formal@none@1@S@The old guard had every right, however, to disdain the newcomers' new ways of making money, such as greenmail.@@@@1@19@@oe@2-2-2013
21986031@unknown@formal@none@1@S@(A Fortune article on Saul Steinberg was entitled, "Fear and Loathing in the Corporate Boardrooms.")@@@@1@15@@oe@2-2-2013
21986032@unknown@formal@none@1@S@Their other staple has been corporate takeovers, often hostile and financed by junk bonds.@@@@1@14@@oe@2-2-2013
21986033@unknown@formal@none@1@S@Hostile takeovers are quite a new phenomenon.@@@@1@7@@oe@2-2-2013
21986034@unknown@formal@none@1@S@Sometimes they are constructive, but often not.@@@@1@7@@oe@2-2-2013
21986035@unknown@formal@none@1@S@First, by making management focus on short-term results, they inhibit building for the future -- just the opposite of Japan.@@@@1@20@@oe@2-2-2013
21986036@unknown@formal@none@1@S@Second, a long-term shareholder of a good company needn't worry too much when the stock price drops temporarily: It will bounce back.@@@@1@22@@oe@2-2-2013
21986037@unknown@formal@none@1@S@But if a raider takes over when the stock is weak, the shareholder never gets his recovery.@@@@1@17@@oe@2-2-2013
21986038@unknown@formal@none@1@S@The raiders, meanwhile, have evolved their own pattern for spending their new millions.@@@@1@13@@oe@2-2-2013
21986039@unknown@formal@none@1@S@As described in "The New Crowd," they take on ambitious new wives, move to Greenwich, Conn., or Bedford, N.Y., buy OK pictures, and let their wives share the wealth with decorators.@@@@1@31@@oe@2-2-2013
21986040@unknown@formal@none@1@S@Having donated heavily to museums, they demand a place on their boards.@@@@1@12@@oe@2-2-2013
21986041@unknown@formal@none@1@S@The book is patronizing about this nouveau riche struggle for respectability, which has its tawdry aspects.@@@@1@16@@oe@2-2-2013
21986042@unknown@formal@none@1@S@However, on balance, the charity game helps America.@@@@1@8@@oe@2-2-2013
21986043@unknown@formal@none@1@S@If those who have the money don't get involved with the museums and the charities, then City Hall will do it, badly.@@@@1@22@@oe@2-2-2013
21986044@unknown@formal@none@1@S@It has been rightly observed that the main thing wrong with tainted money is, t'aint enough of it.@@@@1@18@@oe@2-2-2013
21986045@unknown@formal@none@1@S@A handful of the New Crowd operators have crossed the line from the immoral to the illegal, and have ended up in the slammer or paying huge fines:@@@@1@28@@oe@2-2-2013
21986046@unknown@formal@none@1@S@Ivan Boesky, Dennis Levine, Martin Siegel, Victor and Steven Posner, and now Michael Milken and perhaps Leona Helmsley.@@@@1@18@@oe@2-2-2013
21986047@unknown@formal@none@1@S@The glitzy office that Ivan Boesky vacated for a prison cell had previously contained commodity operators Marc Rich and "Pinky" Green, today fugitives from a potential century apiece of jail sentences.@@@@1@31@@oe@2-2-2013
21986048@unknown@formal@none@1@S@The Old Crowd is deeply concerned by the backlash from all this.@@@@1@12@@oe@2-2-2013
21986049@unknown@formal@none@1@S@However, the phenomenon is not specifically Jewish.@@@@1@7@@oe@2-2-2013
21986050@unknown@formal@none@1@S@It has always been true that those outside the club want to climb in, and that a few will cut corners in the process.@@@@1@24@@oe@2-2-2013
21986051@unknown@formal@none@1@S@Some pretty seamy stuff built the turn-of-the-century families' Fifth Avenue and Newport palazzi and endowed their daughters' weddings to foreign noblemen.@@@@1@21@@oe@2-2-2013
21986052@unknown@formal@none@1@S@Mr. Boesky was a piker compared to Jay Gould and Jim Fiske, and Commodore Vanderbilt thought nothing of bribing judges and legislators.@@@@1@22@@oe@2-2-2013
21986053@unknown@formal@none@1@S@So who knows?@@@@1@3@@oe@2-2-2013
21986054@unknown@formal@none@1@S@In a generation or two some of the New Crowd may attain true respectability, perhaps to be displaced in turn by a later flock of unscrupulous raptors.@@@@1@27@@oe@2-2-2013
21986055@unknown@formal@none@1@S@Or perhaps Wall Street, when it has suffered enough, will realize that finance is a service industry, and change its ethos.@@@@1@21@@oe@2-2-2013
21986056@unknown@formal@none@1@S@Mr. Train is president of Train, Smith Investment Counsel, New York.@@@@1@11@@oe@2-2-2013
21987001@unknown@formal@none@1@S@Dallas investor Harold C. Simmons said he raised his stake in Lockheed Corp. to 10.62% from 10.43% of the aerospace and electronics concern's common shares.@@@@1@25@@oe@2-2-2013
21987002@unknown@formal@none@1@S@In a Securities and Exchange Commission filing, Mr. Simmons said he and companies he controls, NL Industries Inc. and NL Chemicals Inc., hold 6,744,600 shares of Lockheed, of Calabasas, Calif.@@@@1@30@@oe@2-2-2013
21987003@unknown@formal@none@1@S@They include 122,700 shares bought Friday for between $47.125 and $48 each.@@@@1@12@@oe@2-2-2013
21987004@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, Lockheed closed at $46.125 a share, down 12.5 cents.@@@@1@18@@oe@2-2-2013
21987005@unknown@formal@none@1@S@Earlier this week, Mr. Simmons objected to published reports quoting him as saying he planned to sell his Lockheed stake because "the defense industry seems to be getting more uncertain."@@@@1@30@@oe@2-2-2013
21987006@unknown@formal@none@1@S@Valhi Inc., another of Mr. Simmons' companies, responded to an article Monday in The Wall Street Journal, which credited a story in the Sunday Los Angeles Daily News.@@@@1@28@@oe@2-2-2013
21987007@unknown@formal@none@1@S@Valhi said the articles didn't accurately reflect Valhi and its affiliates' intentions toward Lockheed.@@@@1@14@@oe@2-2-2013
21987008@unknown@formal@none@1@S@Instead, Valhi said, they may increase, decrease or retain their Lockheed holdings, depending on a number of conditions.@@@@1@18@@oe@2-2-2013
21988001@unknown@formal@none@1@S@Canada, which is preparing to speed up tariff cuts with the U.S., recorded a 47% narrowing in its trade surplus with the U.S. in August, Statistics Canada, a federal agency, reported.@@@@1@31@@oe@2-2-2013
21988002@unknown@formal@none@1@S@U.S. exports to Canada jumped 11.2% in August from July while U.S. imports from Canada rose only 2.7%.@@@@1@18@@oe@2-2-2013
21988003@unknown@formal@none@1@S@As a result, Canada's trade surplus with the U.S. narrowed to C$656.5 million (US$558 million) in August from C$1.23 billion (US$1.04 billion) in July.@@@@1@24@@oe@2-2-2013
21988004@unknown@formal@none@1@S@U.S. exports benefited in August from heavy Canadian spending on new plant and equipment and a pickup in Canadian auto demand, Canadian officials said.@@@@1@24@@oe@2-2-2013
21988005@unknown@formal@none@1@S@The U.S. and Canada, which do more trade than any other pair of nations, are to meet next month to arrange an acceleration of planned tariff cuts under the U.S.-Canada free trade agreement.@@@@1@33@@oe@2-2-2013
21988006@unknown@formal@none@1@S@Industries in both countries have requested a speedup of tariff cuts on hundreds of products.@@@@1@15@@oe@2-2-2013
21988007@unknown@formal@none@1@S@Some tariffs were eliminated when the trade pact took effect Jan. 1.@@@@1@12@@oe@2-2-2013
21988008@unknown@formal@none@1@S@The remainder were to be phased out in five or 10 annual installments, with all tariffs eliminated by January 1998.@@@@1@20@@oe@2-2-2013
21988009@unknown@formal@none@1@S@The two countries aim to reach an agreement by early December on a package of accelerated tariff cuts that would take effect early next year.@@@@1@25@@oe@2-2-2013
21988010@unknown@formal@none@1@S@Canadian officials said the trade pact has kindled an export interest among many small Canadian companies that previously had little or no foreign sales.@@@@1@24@@oe@2-2-2013
21988011@unknown@formal@none@1@S@For such businessmen, the Canadian government is organizing 55 missions this year to U.S. states bordering on Canada.@@@@1@18@@oe@2-2-2013
21988012@unknown@formal@none@1@S@The businessmen are introduced to potential agents and distributors and instructed in trade procedures.@@@@1@14@@oe@2-2-2013
21988013@unknown@formal@none@1@S@The U.S. Commerce Department is planning to try out similar trips on U.S. businessmen in coming months under its Canada First! Outreach Program.@@@@1@23@@oe@2-2-2013
21988014@unknown@formal@none@1@S@Participants in the U.S. missions to Canada are to be assisted by members of the Service Corps of Retired Executives, a volunteer group, in dealing with their export challenges.@@@@1@29@@oe@2-2-2013
21988015@unknown@formal@none@1@S@The Canadian government also has recently opened new trade offices in San Diego; San Juan, Puerto Rico; Miami; Princeton, N.J., and Denver, bringing the total number of such Canadian offices in the U.S. to 27.@@@@1@35@@oe@2-2-2013
21988016@unknown@formal@none@1@S@The U.S. has six trade promotion offices in Canada.@@@@1@9@@oe@2-2-2013
21988017@unknown@formal@none@1@S@Canada's export effort has been blunted by robust home market demand and by an 18% appreciation of the Canadian dollar against its U.S. counterpart in the past three years that has made Canadian goods more costly in the U.S.@@@@1@39@@oe@2-2-2013
21988018@unknown@formal@none@1@S@Canada's trade surplus with all countries narrowed to C$203.5 million in August from C$528.3 million in July, Statistics Canada said.@@@@1@20@@oe@2-2-2013
21989001@unknown@formal@none@1@S@Loral Corp. said it received a $325 million order from Turkey's Ministry of Defense, the largest contract the company ever has received.@@@@1@22@@oe@2-2-2013
21989002@unknown@formal@none@1@S@Loral will provide to Turkey an electronic countermeasures system for its fleet of F-16 aircraft.@@@@1@15@@oe@2-2-2013
21989003@unknown@formal@none@1@S@The system provides radar-threat warning and electronic jamming capabilities.@@@@1@9@@oe@2-2-2013
21989004@unknown@formal@none@1@S@The defense electronics maker said delivery will begin in October 1991 and run through mid-1995.@@@@1@15@@oe@2-2-2013
21989005@unknown@formal@none@1@S@Loral said the contract with Turkey will provide opportunities for Loral to supply that country with other defense systems.@@@@1@19@@oe@2-2-2013
21990001@unknown@formal@none@1@S@Crown Resources Corp. said it reached a definitive agreement to acquire the Gold Texas Resources Ltd. shares it doesn't already own.@@@@1@21@@oe@2-2-2013
21990002@unknown@formal@none@1@S@Under the proposed agreement, Gold Texas holders will receive 1.43 Crown shares for each of the 1.1 million Gold Texas shares not owned by Crown, which already owns 65%.@@@@1@29@@oe@2-2-2013
21990003@unknown@formal@none@1@S@The arrangement is subject to approval by the Supreme Court of British Columbia province, Crown said.@@@@1@16@@oe@2-2-2013
21990004@unknown@formal@none@1@S@Gold Texas is based in Vancouver, British Columbia, and Crown Resources is based in Denver.@@@@1@15@@oe@2-2-2013
21990005@unknown@formal@none@1@S@Both are mining concerns.@@@@1@4@@oe@2-2-2013
21991001@unknown@formal@none@1@S@Apogee Robotics Inc. said its board extended until Feb. 1 the exercise period of Apogee's existing stock purchase warrants outstanding.@@@@1@20@@oe@2-2-2013
21991002@unknown@formal@none@1@S@The expiration date had been Nov. 3.@@@@1@7@@oe@2-2-2013
21991003@unknown@formal@none@1@S@Each of the 1,075,000 warrants entitle the holders to purchase one share of Apogee common stock for $2.25.@@@@1@18@@oe@2-2-2013
21991004@unknown@formal@none@1@S@Apogee was quoted in the over-the-counter market yesterday at $2 bid.@@@@1@11@@oe@2-2-2013
21992001@unknown@formal@none@1@S@Bank of New England Corp., seeking to streamline its business after a year of weak earnings and mounting loan problems, said it will sell some operations and lay off 4% of its work force.@@@@1@34@@oe@2-2-2013
21992002@unknown@formal@none@1@S@The bank holding company also reported that third-quarter profit dropped 41%, to $42.7 million, or 61 cents a share, from the year-earlier $72.3 million, or $1.04 a share.@@@@1@28@@oe@2-2-2013
21992003@unknown@formal@none@1@S@Among its restructuring measures, the company said it plans to sell 53 of its 453 branch offices and to lay off 800 employees.@@@@1@23@@oe@2-2-2013
21992004@unknown@formal@none@1@S@Altogether, employment is expected to decline to less than 16,000 from the current level of about 18,000.@@@@1@17@@oe@2-2-2013
21992005@unknown@formal@none@1@S@Walter Connolly, chairman, said in an interview that the company expects to record pretax gains of $100 million to $125 million from the sale of its leasing operations and of certain financial processing services.@@@@1@34@@oe@2-2-2013
21992006@unknown@formal@none@1@S@In a prepared statement, the company said it expects to realize those gains before year end.@@@@1@16@@oe@2-2-2013
21992007@unknown@formal@none@1@S@Nonperforming assets continued to pile up in the latest quarter, rising to $900 million, or 3.52% of loans and leases, from $667 million, or 2.68%, at the end of the second quarter.@@@@1@32@@oe@2-2-2013
21992008@unknown@formal@none@1@S@Some $170 million of the $233 million increase in nonperforming loans was related to real estate, and roughly three-quarters of that was in the troubled New England market, according to Richard Driscoll, vice chairman.@@@@1@34@@oe@2-2-2013
21992009@unknown@formal@none@1@S@Mr. Driscoll said that, despite continued weakness in the region's real estate market, Bank of New England expects the rate of increase in nonperforming assets to slow in coming quarters.@@@@1@30@@oe@2-2-2013
21992010@unknown@formal@none@1@S@Mr. Connolly noted that net third-quarter charge-offs, at $63 million, improved slightly from the $67 million in the second quarter.@@@@1@20@@oe@2-2-2013
21992011@unknown@formal@none@1@S@And he indicated that more substantial improvement is expected in the next couple of quarters.@@@@1@15@@oe@2-2-2013
21992012@unknown@formal@none@1@S@The company increased its loan loss reserve to $354 million from $342 million at the end of the second quarter.@@@@1@20@@oe@2-2-2013
21992013@unknown@formal@none@1@S@Total assets slipped to $31.4 billion, from $32 billion as of June 30.@@@@1@13@@oe@2-2-2013
21992014@unknown@formal@none@1@S@Among other restructuring measures, the bank said it will close its loan production offices in Chicago, New York and Philadelphia.@@@@1@20@@oe@2-2-2013
21992015@unknown@formal@none@1@S@The Chicago office figured prominently in the bank's problems earlier this year, when $65 million in loans to Chicago businessman William Stoecker went sour.@@@@1@24@@oe@2-2-2013
21992016@unknown@formal@none@1@S@In an internal memorandum to employees, Messrs. Connolly and Driscoll described the restructuring as an effort to continue rationalizing operations assembled during a series of mergers over the past five years.@@@@1@31@@oe@2-2-2013
21993001@unknown@formal@none@1@S@Italy's wholesale price index rose 0.4% in August from July and was up 6.1% from a year earlier, the state statistical institute reported.@@@@1@23@@oe@2-2-2013
21993002@unknown@formal@none@1@S@The index registered 196.1 in August, compared with 195.4 in July and with 184.9 in August 1988.@@@@1@17@@oe@2-2-2013
21993003@unknown@formal@none@1@S@The year-on-year rise in August was slightly down from the 6.4% rate in July.@@@@1@14@@oe@2-2-2013
21993004@unknown@formal@none@1@S@The index has a base of 100 set in 1980 and isn't seasonally adjusted.@@@@1@14@@oe@2-2-2013
21994001@unknown@formal@none@1@S@U.S. steel imports in August fell 14% from a year earlier to 1,531,000 tons, according to the American Iron and Steel Institute.@@@@1@22@@oe@2-2-2013
21994002@unknown@formal@none@1@S@The trade group's compilation of Commerce Department data showed that August imports, the second largest monthly total of the year, were up 5% from July's 1,458,000 tons but below last year's high of 1,979,000 tons in June 1988.@@@@1@38@@oe@2-2-2013
21994003@unknown@formal@none@1@S@August imports claimed 18.5% of the U.S. market, compared with 19.3% in July and 20.5% in August 1988.@@@@1@18@@oe@2-2-2013
21994004@unknown@formal@none@1@S@The latest month's figures show that imports of steel from European Community nations fell to 466,000 tons from 481,000 a month earlier, while imports from Japan rose to 323,000 tons from 288,000 in July.@@@@1@34@@oe@2-2-2013
21994005@unknown@formal@none@1@S@Imports from Canada rose to 272,000 tons in August from 209,000 in July.@@@@1@13@@oe@2-2-2013
21994006@unknown@formal@none@1@S@The American Institute for Imported Steel said imports for the first eight months of 1989 were below the level allowed by the Voluntary Restraint Agreement program.@@@@1@26@@oe@2-2-2013
21994007@unknown@formal@none@1@S@The institute said that, excluding semifinished steel products, year-to-date imports represented 15.2% of consumption, compared with a permitted maximum of 18.5%.@@@@1@21@@oe@2-2-2013
21995001@unknown@formal@none@1@S@Japanese machinery makers received orders totaling 1.465 trillion yen ($10.33 billion) in August, up 14% from a year earlier, the Economic Planning Agency said.@@@@1@24@@oe@2-2-2013
21995002@unknown@formal@none@1@S@"Equipment orders on the domestic side were particularly strong in shipping and power utilities," said an agency official.@@@@1@18@@oe@2-2-2013
21995003@unknown@formal@none@1@S@The latest report compares with a modest 9.9% increase in July machinery orders from a year earlier.@@@@1@17@@oe@2-2-2013
21996001@unknown@formal@none@1@S@In August, soon after Wang Laboratories Inc. reported a staggering $424.3 million loss and replaced its president, two Boston sales representatives sent customers a letter saying: "We fully expect that you will soon be reading stories in the press reporting the `Amazing Comeback at Wang.'"@@@@1@45@@oe@2-2-2013
21996002@unknown@formal@none@1@S@How soon Wang will stage a comeback, or if it will at all, are still matters of debate.@@@@1@18@@oe@2-2-2013
21996003@unknown@formal@none@1@S@But Wang salespeople are trying to cope with the biggest challenge any marketer can face: selling the products of a company that is on the ropes.@@@@1@26@@oe@2-2-2013
21996004@unknown@formal@none@1@S@"If your prospect is feeling risk the whole time and you're not feeling as if you're backed up by a stable company, you've lost it before you've begun," says Mary Ann Cluggish, a Wellesley, Mass., sales trainer and consultant who works with high technology companies.@@@@1@45@@oe@2-2-2013
21996005@unknown@formal@none@1@S@It can happen in any industry.@@@@1@6@@oe@2-2-2013
21996006@unknown@formal@none@1@S@Consider the difficulties faced by Audi salespeople when the car was tainted by false charges of sudden acceleration, or Exxon dealers' problems in the wake of the Valdez oil spill.@@@@1@30@@oe@2-2-2013
21996007@unknown@formal@none@1@S@Like thousands of salespeople before them, Wang's are finding ways to combat the bad news.@@@@1@15@@oe@2-2-2013
21996008@unknown@formal@none@1@S@"It's very important that we exude confidence, even though within the family we know there's a lot of hard work ahead," said Richard Miller, the Lowell, Mass., computer concern's new president, in a video message to salespeople a month after he took over.@@@@1@43@@oe@2-2-2013
21996009@unknown@formal@none@1@S@Wang got into financial trouble because of bloated overhead and overly optimistic sales forecasts.@@@@1@14@@oe@2-2-2013
21996010@unknown@formal@none@1@S@Its mainline minicomputers and word processors have lost ground to cheaper personal computers.@@@@1@13@@oe@2-2-2013
21996011@unknown@formal@none@1@S@Last year it funded its high employment by heavy borrowing, and it suffered huge losses when sales turned down instead of rising.@@@@1@22@@oe@2-2-2013
21996012@unknown@formal@none@1@S@After the company reported red ink for the fiscal third quarter, Wang's marketing department provided the sales force answers to questions such as "How could you not have known you were going to lose $55 million?" and "Is Wang still a viable company?"@@@@1@43@@oe@2-2-2013
21996013@unknown@formal@none@1@S@Salespeople try to push their products and avoid discussions of finances.@@@@1@11@@oe@2-2-2013
21996014@unknown@formal@none@1@S@Responding to such questions is "defensive," says Kenneth Olissa, Wang's vice president, marketing.@@@@1@13@@oe@2-2-2013
21996015@unknown@formal@none@1@S@"That's antithetical to the art of selling."@@@@1@7@@oe@2-2-2013
21996016@unknown@formal@none@1@S@Moreover, he notes that analyzing financial results "poses a problem for a salesman who isn't particularly familiar with a balance sheet."@@@@1@21@@oe@2-2-2013
21996017@unknown@formal@none@1@S@At one sales strategy meeting, an executive suggested ordering salespeople to become experts on the annual report.@@@@1@17@@oe@2-2-2013
21996018@unknown@formal@none@1@S@Mr. Miller vetoed that: "Even I can't understand all the footnotes," he says.@@@@1@13@@oe@2-2-2013
21996019@unknown@formal@none@1@S@Instead, he says, if the salespeople can get the customers to consider Wang's products on their merits, he or a top financial officer will try to assuage the fears about finances.@@@@1@31@@oe@2-2-2013
21996020@unknown@formal@none@1@S@Mike Metschan, a salesman in Wang's Austin, Texas, office, has a breezier method: "We tell them $3 billion companies don't go out of business.@@@@1@24@@oe@2-2-2013
21996021@unknown@formal@none@1@S@We tell them all the major companies are having financial difficulties."@@@@1@11@@oe@2-2-2013
21996022@unknown@formal@none@1@S@Numerous computer companies are having sales slumps and earnings declines, but very few have had losses comparable to Wang's or are carrying such a large debt load.@@@@1@27@@oe@2-2-2013
21996023@unknown@formal@none@1@S@Mr. Miller says that after a sharp sales slump in July and August, sales stabilized in September.@@@@1@17@@oe@2-2-2013
21996024@unknown@formal@none@1@S@Although Wang will report a loss for the first quarter ended Sept. 30 and the full fiscal year, Mr. Miller says he expects the company will return to profitability by the fourth quarter.@@@@1@33@@oe@2-2-2013
21996025@unknown@formal@none@1@S@Experts on sales technique say anyone representing a troubled company must walk a fine line.@@@@1@15@@oe@2-2-2013
21996026@unknown@formal@none@1@S@"If a salesman jeopardizes his credibility in this time of trouble, it will be a problem for the long run," says George Palmatier, a Minden, Nev., sales consultant and author of "The Marketing Edge."@@@@1@34@@oe@2-2-2013
21996027@unknown@formal@none@1@S@Still, says John Sullivan, a management recruiter with Daniel Roberts Inc. of Boston, who has held senior sales positions at Polaroid and Atari: "The customer will react to strength.@@@@1@29@@oe@2-2-2013
21996028@unknown@formal@none@1@S@Ignore the present condition.@@@@1@4@@oe@2-2-2013
21996029@unknown@formal@none@1@S@Show it's business as usual."@@@@1@5@@oe@2-2-2013
21996030@unknown@formal@none@1@S@That isn't easy.@@@@1@3@@oe@2-2-2013
21996031@unknown@formal@none@1@S@Wang's customers are data processing managers who want to be sure that their suppliers are stable, wellrun companies that will be around to fix bugs and upgrade computers for years to come.@@@@1@32@@oe@2-2-2013
21996032@unknown@formal@none@1@S@For buyers, "these are career-risking decisions," says Jean Conlin, who supervises a network of Wang computers in the admissions department at Boston University.@@@@1@23@@oe@2-2-2013
21996033@unknown@formal@none@1@S@The university is considering installing a $250,000 system to store applications electronically.@@@@1@12@@oe@2-2-2013
21996034@unknown@formal@none@1@S@"Before the really bad news, we were looking at Wang fairly seriously," she says.@@@@1@14@@oe@2-2-2013
21996035@unknown@formal@none@1@S@But "their present financial condition means I'd have a hard time convincing the vice president in charge of purchasing."@@@@1@19@@oe@2-2-2013
21996036@unknown@formal@none@1@S@Ms. Conlin adds: "At some point we'd have to ask, `How do we know that in three years you won't be in Chapter 11?'"@@@@1@24@@oe@2-2-2013
21996037@unknown@formal@none@1@S@During the past year, Wang has developed new products and a new strategy and hired a new president.@@@@1@18@@oe@2-2-2013
21996038@unknown@formal@none@1@S@Wang's overall product line is "still not as good as other vendors, but they've come a long way," says Steven Wendler, a consultant with market researcher Gartner Group, Stamford, Conn.@@@@1@30@@oe@2-2-2013
21996039@unknown@formal@none@1@S@"They were on the road to recovery in terms of customer attitudes until this bad quarter happened."@@@@1@17@@oe@2-2-2013
21996040@unknown@formal@none@1@S@The first priority for Wang's sales force is to make sure it holds on to existing customers.@@@@1@17@@oe@2-2-2013
21996041@unknown@formal@none@1@S@Wang's installed base is one of its greatest assets, and many of those customers remain extremely loyal.@@@@1@17@@oe@2-2-2013
21996042@unknown@formal@none@1@S@But even before Wang's latest financial troubles surfaced, some customers "were trying to wall off their Wang installations" so other departments wouldn't add Wang, says Chris Christiansen, a former Wang marketer who is now a market analyst with Meta Group, a market research firm in Stamford, Conn.@@@@1@47@@oe@2-2-2013
21996043@unknown@formal@none@1@S@One Wang salesman who left the company in July recalls that when he tried to sell products to Eastman Kodak, he worked "to muster support from internal allies," but "those allies became skeptical as they saw the downtrend.@@@@1@38@@oe@2-2-2013
21996044@unknown@formal@none@1@S@The more recent losses were really devastating."@@@@1@7@@oe@2-2-2013
21996045@unknown@formal@none@1@S@New customers, the source of higher commissions for salespeople and the key to Wang's long-term viability, are even tougher.@@@@1@19@@oe@2-2-2013
21996046@unknown@formal@none@1@S@Rick Lynch, a former top salesman in Wang's Boston office, referring to Wang's mainstay computer line, says: "You can't sell a VS to a new customer."@@@@1@26@@oe@2-2-2013
21996047@unknown@formal@none@1@S@Mr. Lynch left Wang this summer for Oracle Systems Inc., a software vendor.@@@@1@13@@oe@2-2-2013
21996048@unknown@formal@none@1@S@The financial problems are particularly frustrating for salespeople pushing Wang's image systems, which convert paper forms to electronic documents.@@@@1@19@@oe@2-2-2013
21996049@unknown@formal@none@1@S@Consultants say that Wang's technology is among the best available in the image market.@@@@1@14@@oe@2-2-2013
21996050@unknown@formal@none@1@S@But salespeople often found that news of Wang's problems superseded their sales efforts.@@@@1@13@@oe@2-2-2013
21996051@unknown@formal@none@1@S@William Tait, a former sales manager in Indianapolis, says that his office had all but sold a $1.5 million image system to pharmaceutical maker Eli Lilly & Co.@@@@1@28@@oe@2-2-2013
21996052@unknown@formal@none@1@S@"When they were making the decision, all hell broke loose with the finances."@@@@1@13@@oe@2-2-2013
21996053@unknown@formal@none@1@S@He says the Lilly executives told him they couldn't take the risk with Wang.@@@@1@14@@oe@2-2-2013
21996054@unknown@formal@none@1@S@Mr. Tait say he doesn't blame Lilly.@@@@1@7@@oe@2-2-2013
21996055@unknown@formal@none@1@S@Buyers have to rely on a supplier "continually upgrading and replacing the product," he says.@@@@1@15@@oe@2-2-2013
21996056@unknown@formal@none@1@S@"When a company realizes that, it's hard to go with Wang."@@@@1@11@@oe@2-2-2013
21996057@unknown@formal@none@1@S@For Mr. Tait, who says he used to earn as much as $150,000 a year at Wang, it was one more reason to quit.@@@@1@24@@oe@2-2-2013
21996058@unknown@formal@none@1@S@He is now president of Eastate Homes Inc., an Indianapolis contractor.@@@@1@11@@oe@2-2-2013
21996059@unknown@formal@none@1@S@It can be hard for a salesperson to fight off feelings of discouragement.@@@@1@13@@oe@2-2-2013
21996060@unknown@formal@none@1@S@Brian Petre, a former Wang salesman in upstate New York, says: "You have pride in your job.@@@@1@17@@oe@2-2-2013
21996061@unknown@formal@none@1@S@You think you can go out and turn things around.@@@@1@10@@oe@2-2-2013
21996062@unknown@formal@none@1@S@It's a tough thing when you can't.@@@@1@7@@oe@2-2-2013
21996063@unknown@formal@none@1@S@The reason doesn't relate to your selling skills."@@@@1@8@@oe@2-2-2013
21996064@unknown@formal@none@1@S@Discouragement feeds on itself.@@@@1@4@@oe@2-2-2013
21996065@unknown@formal@none@1@S@"The problem is, if people get down in the dumps, they stop selling," says Mike Durcan, a laid-off sales manager in Wang's Austin office.@@@@1@24@@oe@2-2-2013
21996066@unknown@formal@none@1@S@One key for salespeople is to boost their own morale.@@@@1@10@@oe@2-2-2013
21996067@unknown@formal@none@1@S@Paul Hellman, a Framingham, Mass., sales and management consultant and author of "Ready, Aim, You're Hired," says: "The bad news is, you'll be rejected more.@@@@1@25@@oe@2-2-2013
21996068@unknown@formal@none@1@S@The good news is, it's not your fault."@@@@1@8@@oe@2-2-2013
21996069@unknown@formal@none@1@S@So, he advises, make goals achievable.@@@@1@6@@oe@2-2-2013
21996070@unknown@formal@none@1@S@For instance, he suggests that salespeople making telephone calls should say to themselves: "All I want to do today is get 50 rejections."@@@@1@23@@oe@2-2-2013
21996071@unknown@formal@none@1@S@But Mr. Miller, Wang's new president, recently warned his salespeople about negativism.@@@@1@12@@oe@2-2-2013
21996072@unknown@formal@none@1@S@"Our customers watch us for the hidden message," he said.@@@@1@10@@oe@2-2-2013
21996073@unknown@formal@none@1@S@"Look a customer right in the eye and say, `I'm glad to be at Wang.@@@@1@15@@oe@2-2-2013
21997001@unknown@formal@none@1@S@Blinder International Enterprises Inc., the parent of beleaguered penny-stockbroker Blinder, Robinson & Co., said its shareholders approved a previously announced name change to Intercontinental Enterprises Inc.@@@@1@26@@oe@2-2-2013
21997002@unknown@formal@none@1@S@"The parent company is diversifying into other industries around the world," said president Meyer Blinder in explaining the name change.@@@@1@20@@oe@2-2-2013
21997003@unknown@formal@none@1@S@"Everytime we talked about Blinder International, {people} thought it was the brokerage house."@@@@1@13@@oe@2-2-2013
21997004@unknown@formal@none@1@S@Mr. Blinder said the change wasn't related to the brokerage's recent troubles, which have included sharp declines in earnings, run-ins with the securities regulators and lawsuits by former customers.@@@@1@29@@oe@2-2-2013
21997005@unknown@formal@none@1@S@The company said it expects the name change to take effect within a week.@@@@1@14@@oe@2-2-2013
21998001@unknown@formal@none@1@S@Olin Corp. said third-quarter net income rose 26% on the strength of its chemical business.@@@@1@15@@oe@2-2-2013
21998002@unknown@formal@none@1@S@Net was $24 million, or $1.15 a share, up from $19 million, or 90 cents a share, a year earlier.@@@@1@20@@oe@2-2-2013
21998003@unknown@formal@none@1@S@Sales rose 7.4% to $580 million from $540 million.@@@@1@9@@oe@2-2-2013
21998004@unknown@formal@none@1@S@Olin said its chemical segment had profit of $22 million, up from $15 million a year ago, largely because of gains in electrochemicals such as caustic soda.@@@@1@27@@oe@2-2-2013
21998005@unknown@formal@none@1@S@The company said the gains were tied to volume increases and higher prices.@@@@1@13@@oe@2-2-2013
21998006@unknown@formal@none@1@S@The market for electrochemicals include the paper, water-purification and textile industries.@@@@1@11@@oe@2-2-2013
21998007@unknown@formal@none@1@S@The chemical segment had a $6 million gain on the sale of ammonia and urea businesses, which was offset by a $6 million charge for future environmental expenditures.@@@@1@28@@oe@2-2-2013
21998008@unknown@formal@none@1@S@Profit in Olin's defense and ammunition segment rose to $8 million from $7 million.@@@@1@14@@oe@2-2-2013
21998009@unknown@formal@none@1@S@The metals segment, hurt by a strike, had break-even results, against $3 million a year ago.@@@@1@16@@oe@2-2-2013
21998010@unknown@formal@none@1@S@In the first nine months, net rose 21% to $93 million, or $4.52 a share, from $77 million, or $3.62 a share a year ago.@@@@1@25@@oe@2-2-2013
21998011@unknown@formal@none@1@S@Sales rose 13% to $1.91 billion from $1.69 billion.@@@@1@9@@oe@2-2-2013
21998012@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Olin closed at $58.50 a share, down 25 cents.@@@@1@16@@oe@2-2-2013
21999001@unknown@formal@none@1@S@GTE Corp. and MCI Communications Corp. reported strong earnings gains to record levels for the third quarter.@@@@1@17@@oe@2-2-2013
21999002@unknown@formal@none@1@S@Southwestern Bell Corp. and Cincinnati Bell posted slight declines.@@@@1@9@@oe@2-2-2013
21999003@unknown@formal@none@1@S@GTE Corp.@@@@1@2@@oe@2-2-2013
21999004@unknown@formal@none@1@S@GTE said net income rose 18%, aided by higher long-distance calling volumes and an increase in telephone lines in service.@@@@1@20@@oe@2-2-2013
21999005@unknown@formal@none@1@S@Pretax operating profit from telephone operations rose 8.2% but profits from telecommunications products and electrical products were flat.@@@@1@18@@oe@2-2-2013
21999006@unknown@formal@none@1@S@Revenues rose 8.8% to $4.35 billion from $4.0 billion.@@@@1@9@@oe@2-2-2013
21999007@unknown@formal@none@1@S@The company said the quarter included a 10% increase in local-exchange usage for long-distance calling and a 5% increase in the number of access lines in service.@@@@1@27@@oe@2-2-2013
21999008@unknown@formal@none@1@S@Earlier rate reductions in Texas and California reduced the quarter's revenue and operating profit $55 million; a year earlier, operating profit in telephone operations was reduced by a similar amount as a result of a provision for a reorganization.@@@@1@39@@oe@2-2-2013
21999009@unknown@formal@none@1@S@Revenue in the telecommunications products and services unit rose 27% to $728.8 million, but operating profit was unchanged at $26.3 million, partly because of start-up expenses.@@@@1@26@@oe@2-2-2013
21999010@unknown@formal@none@1@S@Electrical products' sales fell to $496.7 million from $504.5 million with higher world-wide lighting volume offset by lower domestic prices and the impact of weaker currencies in Europe and South America.@@@@1@31@@oe@2-2-2013
21999011@unknown@formal@none@1@S@Operating profit of $37.2 million was unchanged.@@@@1@7@@oe@2-2-2013
21999012@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, GTE rose $1.25 to $64.125.@@@@1@14@@oe@2-2-2013
21999013@unknown@formal@none@1@S@MCI Communications Corp.@@@@1@3@@oe@2-2-2013
21999014@unknown@formal@none@1@S@MCI, which stepped up efforts to sell long-distance telephone service to residential customers, reported a 59% jump in earnings.@@@@1@19@@oe@2-2-2013
21999015@unknown@formal@none@1@S@Revenue rose 23% to $1.67 billion from $1.36 billion.@@@@1@9@@oe@2-2-2013
21999016@unknown@formal@none@1@S@Operating profit grew 57% to $269 million from $171 million, while operating margins rose to 16.1% from 15.9% the previous quarter and 12.6% a year ago.@@@@1@26@@oe@2-2-2013
21999017@unknown@formal@none@1@S@Daniel Akerson, MCI chief financial officer, said the company sees further improvements in operating margins.@@@@1@15@@oe@2-2-2013
21999018@unknown@formal@none@1@S@"We think we can take it to the 18% range over next 18 to 24 months," he said.@@@@1@18@@oe@2-2-2013
21999019@unknown@formal@none@1@S@In national over-the-counter trading, MCI fell $2.625 to $42.375.@@@@1@9@@oe@2-2-2013
21999020@unknown@formal@none@1@S@Charles Schellke, an analyst with Smith Barney, Harris Upham & Co., said some investors apparently expected slightly better revenue growth.@@@@1@20@@oe@2-2-2013
21999021@unknown@formal@none@1@S@The company said that residential traffic grew faster than business traffic and attributed that to its new PrimeTime calling plan that competes with American Telephone & Telegraph's Reach Out America plan.@@@@1@31@@oe@2-2-2013
21999022@unknown@formal@none@1@S@MCI claims about 12% of the overall long-distance telephone market but just under 10% of the $23 billion residential market.@@@@1@20@@oe@2-2-2013
21999023@unknown@formal@none@1@S@It has been trying to improve its share of the residential market.@@@@1@12@@oe@2-2-2013
21999024@unknown@formal@none@1@S@The company wants its business mix to more closely match that of AT&T -- a step it says will help prevent cross subsidization.@@@@1@23@@oe@2-2-2013
21999025@unknown@formal@none@1@S@Mr. Akerson said MCI recorded "another solid cash positive quarter," its fourth in a row, but declined to comment on whether the company is considering a dividend or is planning any acquisition.@@@@1@32@@oe@2-2-2013
21999026@unknown@formal@none@1@S@The current quarter, he said, "looks fine.@@@@1@7@@oe@2-2-2013
21999027@unknown@formal@none@1@S@We think revenue will continue to grow and that we can control costs and thus improve profitability."@@@@1@17@@oe@2-2-2013
21999028@unknown@formal@none@1@S@Southwestern Bell Corp.@@@@1@3@@oe@2-2-2013
21999029@unknown@formal@none@1@S@Southwestern Bell Corp. said net dropped 8.7%, mainly the result of four extraordinary items: a franchise tax refund that its Southwestern Bell Telephone Co. unit received last year; a production shift of several Yellow Pages directories to the fourth quarter from the third; a rate refund in Missouri and a one-time adjustment to phone company revenues.@@@@1@56@@oe@2-2-2013
21999030@unknown@formal@none@1@S@Revenue slipped 1.2% to $2.21 billion from $2.23 billion.@@@@1@9@@oe@2-2-2013
21999031@unknown@formal@none@1@S@The earnings drop had been expected.@@@@1@6@@oe@2-2-2013
21999032@unknown@formal@none@1@S@Chairman Zane E. Barnes said Southwestern Bell's "businesses are healthy and are continuing to grow."@@@@1@15@@oe@2-2-2013
21999033@unknown@formal@none@1@S@The company reported a 3.1% increase in the number of access lines in service, and also said its Southwestern Bell Mobile Systems unit added 30,000 new customers, with a current total of about 333,000.@@@@1@34@@oe@2-2-2013
21999034@unknown@formal@none@1@S@Southwestern shares fell 50 cents to $55.875 in composite trading on the New York Stock Exchange.@@@@1@16@@oe@2-2-2013
21999035@unknown@formal@none@1@S@Cincinnati Bell Inc.@@@@1@3@@oe@2-2-2013
21999036@unknown@formal@none@1@S@Cincinnati Bell Inc. said net declined 1.8%.@@@@1@7@@oe@2-2-2013
21999037@unknown@formal@none@1@S@The company noted that the year-ago period was particularly strong, with an increase of nearly 70%.@@@@1@16@@oe@2-2-2013
21999038@unknown@formal@none@1@S@Revenue jumped nearly 17% to $223.3 million from $191.4 million.@@@@1@10@@oe@2-2-2013
21999039@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, Cincinnati Bell fell 25 cents to $29.@@@@1@16@@oe@2-2-2013
21999040@unknown@formal@none@1@S@The company said that the number of access lines dropped slightly in the quarter, a decline attributed to seasonal fluctuations.@@@@1@20@@oe@2-2-2013
21999041@unknown@formal@none@1@S@For the year, however, access lines in service have increased 5.5%.@@@@1@11@@oe@2-2-2013
21999042@unknown@formal@none@1@S@Chairman D.H. Hibbard said the company has set a new five year goal of doubling revenues to about $1.8 billion while steadily increasing net.@@@@1@24@@oe@2-2-2013