20051002@unknown@formal@none@1@S@Meanwhile, business and government leaders rebuked the computer makers, and fretted about the broader statement the companies' actions make about Japanese cutthroat pricing.@@@@1@23@@oe@2-2-2013
20051003@unknown@formal@none@1@S@Fujitsu said it bid the equivalent of less than a U.S. penny on three separate municipal contracts during the past two years.@@@@1@22@@oe@2-2-2013
20051004@unknown@formal@none@1@S@The company also disclosed that during that period it offered 10,000 yen, or about $70, for another contract.@@@@1@18@@oe@2-2-2013
20051005@unknown@formal@none@1@S@But Fujitsu, Japan's No. 1 computer maker, isn't alone.@@@@1@9@@oe@2-2-2013
20051006@unknown@formal@none@1@S@NEC, one of its largest domestic competitors, said it bid one yen in two separate public auctions since 1987.@@@@1@19@@oe@2-2-2013
20051007@unknown@formal@none@1@S@In both cases, NEC lost the contract to Fujitsu, which made the same bid and won a tie-breaking lottery.@@@@1@19@@oe@2-2-2013
20051008@unknown@formal@none@1@S@All the contracts were for computer-system-design contracts and involved no hardware or software.@@@@1@13@@oe@2-2-2013
20051009@unknown@formal@none@1@S@The Ministry of International Trade and Industry summoned executives from the companies to "make sure they understood" the concern about such practices, according to a government spokesman.@@@@1@27@@oe@2-2-2013
20051010@unknown@formal@none@1@S@"These cases lead to the loss of the firms' social and international credibility," a ministry statement said.@@@@1@17@@oe@2-2-2013
20051011@unknown@formal@none@1@S@Japan's Fair Trade Commission has said it is considering investigating the bids for possible antitrust-law violations.@@@@1@16@@oe@2-2-2013
20051012@unknown@formal@none@1@S@"We would like to apologize for having caused huge trouble," Fujitsu President Takuma Yamamoto, read from a prepared statement as he stood before a packed news conference at his company's downtown headquarters.@@@@1@32@@oe@2-2-2013
20051013@unknown@formal@none@1@S@The bids, he added, were "contrary to common sense."@@@@1@9@@oe@2-2-2013
20051014@unknown@formal@none@1@S@NEC released a statement saying, "We feel sorry for having caused trouble to society," a form of apology common in Japan for companies caught in embarrassing situations.@@@@1@27@@oe@2-2-2013
20051015@unknown@formal@none@1@S@Japanese companies have long had a reputation for sacrificing short-term profits to make a sale that may have long-term benefits.@@@@1@20@@oe@2-2-2013
20051016@unknown@formal@none@1@S@But the growing controversy comes as many practices historically accepted as normal here -- such as politicians accepting substantial gifts from businessmen or having extramarital affairs -- are coming under close ethical scrutiny.@@@@1@33@@oe@2-2-2013
20051017@unknown@formal@none@1@S@The fire is also fueled by growing international interest in Japanese behavior.@@@@1@12@@oe@2-2-2013
20051018@unknown@formal@none@1@S@So far there have been no public overseas complaints about the issue.@@@@1@12@@oe@2-2-2013
20051019@unknown@formal@none@1@S@But in one of the auctions in question, International Business Machines Corp. made a bid substantially higher than the Fujitsu offer, according to the municipality.@@@@1@25@@oe@2-2-2013
20051020@unknown@formal@none@1@S@The low-ball bids touch on issues central to the increasingly tense trade debate.@@@@1@13@@oe@2-2-2013
20051021@unknown@formal@none@1@S@Foreigners complain that they have limited access to government procurement in Japan, in part because Japanese companies unfairly undercut them.@@@@1@20@@oe@2-2-2013
20051022@unknown@formal@none@1@S@The U.S. government in recent years has accused Japanese companies of excessively slashing prices on semiconductors and supercomputers -- products Fujitsu and NEC make.@@@@1@24@@oe@2-2-2013
20051023@unknown@formal@none@1@S@Asked whether the bidding flap would hurt U.S.-Japan relations, Mr. Yamamoto said, "this will be a minus factor."@@@@1@18@@oe@2-2-2013
20051024@unknown@formal@none@1@S@The "one-yen" controversy first came to a head last week when the city of Hiroshima announced that Fujitsu won a contract to design a computer system to map its waterworks.@@@@1@30@@oe@2-2-2013
20051025@unknown@formal@none@1@S@The city had expected to pay about 11 million yen ($77,000), but Fujitsu essentially offered to do it for free.@@@@1@20@@oe@2-2-2013
20051026@unknown@formal@none@1@S@Then Wednesday, Fujitsu said it made a similar bid to win a library contract in Nagano prefecture two weeks earlier.@@@@1@20@@oe@2-2-2013
20051027@unknown@formal@none@1@S@It also said that in July, it bid 10,000 yen to design a system for the Saitama prefectural library, and two years ago, it bid one yen to plan the telecommunications system for Wakayama prefecture.@@@@1@35@@oe@2-2-2013
20051028@unknown@formal@none@1@S@The company said it has offered to withdraw its bids in Hiroshima and Nagano.@@@@1@14@@oe@2-2-2013
20051029@unknown@formal@none@1@S@The municipalities said they haven't decided whether to try to force the company to go through with the contracts.@@@@1@19@@oe@2-2-2013
20051030@unknown@formal@none@1@S@Fujitsu and NEC said they were still investigating, and that knowledge of more such bids could emerge.@@@@1@17@@oe@2-2-2013
20051031@unknown@formal@none@1@S@Mr. Yamamoto insisted that headquarters hadn't approved the bids, and that he didn't know about most of the cases until Wednesday.@@@@1@21@@oe@2-2-2013
20051032@unknown@formal@none@1@S@Other major Japanese computer companies contacted yesterday said they have never made such bids.@@@@1@14@@oe@2-2-2013
20051033@unknown@formal@none@1@S@"One yen is not ethical," Michio Sasaki, an official at Keidanren, the Japan Federation of Economic Organizations, said.@@@@1@18@@oe@2-2-2013
20051034@unknown@formal@none@1@S@"Profit may be low, but at least costs should be covered.@@@@1@11@@oe@2-2-2013
20052001@unknown@formal@none@1@S@PAPERS:@@@@1@1@@oe@2-2-2013
20052002@unknown@formal@none@1@S@Backe Group Inc. agreed to acquire Atlantic Publications Inc., which has 30 community papers and annual sales of $7 million.@@@@1@20@@oe@2-2-2013
20052003@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20052004@unknown@formal@none@1@S@Backe is a closely held media firm run by former CBS Inc. President John Backe.@@@@1@15@@oe@2-2-2013
20052005@unknown@formal@none@1@S@TV:@@@@1@1@@oe@2-2-2013
20052006@unknown@formal@none@1@S@Price Communications Corp. completed the sale of four of its TV stations to NTG Inc. for $120 million in cash and notes, retaining a 10% equity stake in the new concern.@@@@1@31@@oe@2-2-2013
20052007@unknown@formal@none@1@S@NTG was formed by Osborn Communications Corp. and Desai Capital.@@@@1@10@@oe@2-2-2013
20053001@unknown@formal@none@1@S@Michaels Stores Inc., which owns and operates a chain of specialty retail stores, said October sales rose 14.6% to $32.8 million from $28.6 million a year earlier.@@@@1@27@@oe@2-2-2013
20053002@unknown@formal@none@1@S@Sales in stores open more than one year rose 3% to $29.3 million from $28.4 million.@@@@1@16@@oe@2-2-2013
20054001@unknown@formal@none@1@S@Furukawa Co. of Japan said it will acquire two construction machinery plants and a sales unit in France formerly belonging to Dresser Industries Inc. of the U.S.@@@@1@27@@oe@2-2-2013
20054002@unknown@formal@none@1@S@The company said it made the purchase in order to locally produce hydraulically operated shovels.@@@@1@15@@oe@2-2-2013
20054003@unknown@formal@none@1@S@Last October, the company also bought a wheel-loader manufacturing plant in Heidelberg, West Germany, from Dresser.@@@@1@16@@oe@2-2-2013
20054004@unknown@formal@none@1@S@Furukawa said the purchase of the French and German plants together will total about 40 billion yen ($280 million).@@@@1@19@@oe@2-2-2013
20055001@unknown@formal@none@1@S@Structural Dynamics Research Corp., which makes computer-aided engineering software, said it introduced new technology in mechanical design automation that will improve mechanical engineering productivity.@@@@1@24@@oe@2-2-2013
20056001@unknown@formal@none@1@S@\s@@@@1@1@@oe@2-2-2013
20056002@unknown@formal@none@1@S@Money Market Deposits-a 6.21%@@@@1@4@@oe@2-2-2013
20056003@unknown@formal@none@1@S@a-Average rate paid yesterday by 100 large banks and thrifts in the 10 largest metropolitan areas as compiled by Bank Rate Monitor.@@@@1@22@@oe@2-2-2013
20056004@unknown@formal@none@1@S@b-Current annual yield.@@@@1@3@@oe@2-2-2013
20056005@unknown@formal@none@1@S@Guaranteed minimum 6%.@@@@1@3@@oe@2-2-2013
20057001@unknown@formal@none@1@S@LSI Logic Corp. reported a surprise $35.7 million third-quarter net loss, including a special restructuring charge that reflects a continuing industry-wide slowdown in semiconductor demand.@@@@1@25@@oe@2-2-2013
20057002@unknown@formal@none@1@S@In September, the custom-chip maker said excess capacity and lagging billings would result in an estimated $2 million to $3 million net loss for the third quarter.@@@@1@27@@oe@2-2-2013
20057003@unknown@formal@none@1@S@But company officials said yesterday that they decided to take a $43 million pretax charge for the period to cover a restructuring of world-wide manufacturing operations, citing extended weakness in the market as well as a decision to switch to more economical production techniques.@@@@1@44@@oe@2-2-2013
20057004@unknown@formal@none@1@S@"Over the summer months, there has been a slowing in the rate of new orders from the computer sector, our primary market," said Wilfred J. Corrigan, chairman and chief executive officer.@@@@1@31@@oe@2-2-2013
20057005@unknown@formal@none@1@S@"In addition, recent industry forecasts for 1990 indicate a slow environment, at least until midyear."@@@@1@15@@oe@2-2-2013
20057006@unknown@formal@none@1@S@As a result, the company said it decided to phase out its oldest capacity and "make appropriate reductions" in operating expenses.@@@@1@21@@oe@2-2-2013
20057007@unknown@formal@none@1@S@The $35.7 million net loss equals 86 cents a share.@@@@1@10@@oe@2-2-2013
20057008@unknown@formal@none@1@S@Not counting the extraordinary charge, the company said it would have had a net loss of $3.1 million, or seven cents a share.@@@@1@23@@oe@2-2-2013
20057009@unknown@formal@none@1@S@A year earlier, it had profit of $7.5 million, or 18 cents a share.@@@@1@14@@oe@2-2-2013
20057010@unknown@formal@none@1@S@Revenue rose 42% to $133.7 million from $94 million.@@@@1@9@@oe@2-2-2013
20057011@unknown@formal@none@1@S@The charge partly reflects a switch from older five-inch to more-efficient six-inch silicon wafers with which to fabricate chips.@@@@1@19@@oe@2-2-2013
20057012@unknown@formal@none@1@S@Related to that decision, the company said it was converting its Santa Clara, Calif., factory to a research and development facility.@@@@1@21@@oe@2-2-2013
20057013@unknown@formal@none@1@S@A spokesman declined to speculate about possible reductions in force.@@@@1@10@@oe@2-2-2013
20057014@unknown@formal@none@1@S@"This is a company that has invested in capacity additions more aggressively than any other company in the industry and now the industry is growing more slowly and they are suddenly poorly positioned," said Michael Stark, chip analyst at Robertson, Stephens & Co.@@@@1@43@@oe@2-2-2013
20057015@unknown@formal@none@1@S@"I think the stock is dead money for a while."@@@@1@10@@oe@2-2-2013
20057016@unknown@formal@none@1@S@Yesterday's announcement was made after markets closed.@@@@1@7@@oe@2-2-2013
20057017@unknown@formal@none@1@S@U.S. chip makers are facing continued slack demand following a traditionally slow summer.@@@@1@13@@oe@2-2-2013
20057018@unknown@formal@none@1@S@Part of the problem is that chip buyers are keeping inventories low because of jitters about the course of the U.S. economy.@@@@1@22@@oe@2-2-2013
20058001@unknown@formal@none@1@S@INGERSOLL-RAND Co. (Woodcliff Lake, N.J.) --@@@@1@6@@oe@2-2-2013
20058002@unknown@formal@none@1@S@William G. Kuhns, former chairman and chief executive officer of General Public Utilities Corp., was elected a director of this maker of industrial and construction equipment, increasing board membership to 10.@@@@1@31@@oe@2-2-2013
20059001@unknown@formal@none@1@S@The dollar posted gains against all major currencies yesterday, buoyed by persistent Japanese demand for U.S. bond issues.@@@@1@18@@oe@2-2-2013
20059002@unknown@formal@none@1@S@While market sentiment remains cautiously bearish on the dollar based on sluggish U.S. economic indicators, dealers note that Japanese demand has helped underpin the dollar against the yen and has kept the U.S. currency from plunging below key levels against the mark.@@@@1@42@@oe@2-2-2013
20059003@unknown@formal@none@1@S@At the same time, dealers said the U.S. unit has been locked into a relatively narrow range in recent weeks, in part because the hefty Japanese demand for dollars has been offset by the mark's strength, resulting in a stalemate.@@@@1@40@@oe@2-2-2013
20059004@unknown@formal@none@1@S@Jay Goldinger, with Capital Insight Inc., reasons that while the mark has posted significant gains against the yen as well -- the mark climbed to 77.70 yen from 77.56 yen late Tuesday in New York -- the strength of the U.S. bond market compared to its foreign counterparts has helped lure investors to dollar-denominated bonds, rather than mark bonds.@@@@1@59@@oe@2-2-2013
20059005@unknown@formal@none@1@S@"Dollar-yen {trade} is the driving force in the market," said Tom Trettien, a vice president with Banque Paribas in New York, "but I'm not convinced it will continue.@@@@1@28@@oe@2-2-2013
20059006@unknown@formal@none@1@S@Who knows what will happen down the road, in three to six months, if foreign investment starts to erode?"@@@@1@19@@oe@2-2-2013
20059007@unknown@formal@none@1@S@In late New York trading yesterday, the dollar was quoted at 1.8500 marks, up from 1.8415 marks late Tuesday, and at 143.80 yen, up from 142.85 yen late Tuesday.@@@@1@29@@oe@2-2-2013
20059008@unknown@formal@none@1@S@Sterling was quoted at $1.5755, down from $1.5805 late Tuesday.@@@@1@10@@oe@2-2-2013
20059009@unknown@formal@none@1@S@In Tokyo Thursday, the U.S. currency opened for trading at 143.93 yen, up from Wednesday's Tokyo close of 143.08 yen.@@@@1@20@@oe@2-2-2013
20059010@unknown@formal@none@1@S@Douglas Madison, a corporate trader with Bank of America in Los Angeles, traced the dollar's recent solid performance against the yen to purchases of securities by Japanese insurance companies and trust banks and the sense that another wave of investment is waiting in the wings.@@@@1@45@@oe@2-2-2013
20059011@unknown@formal@none@1@S@He contends that the perception in Japan of a vitriolic U.S. response to Sony Corp.'s announcement of its purchase of Columbia Pictures Entertainment Inc. has been temporarily mollified.@@@@1@28@@oe@2-2-2013
20059012@unknown@formal@none@1@S@He cites the recent deal between the Mitsubishi Estate Co. and the Rockefeller Group, as well as the possible white knight role of an undisclosed Japanese company in the Georgia-Pacific Corp. takeover bid for Great Northern Nekoosa Corp. as evidence.@@@@1@40@@oe@2-2-2013
20059013@unknown@formal@none@1@S@The forthcoming maturity in November of a 10-year Japanese government yen-denominated bond issue valued at about $16 billion has prompted speculation in the market that investors redeeming the bonds will diversify into dollar-denominated instruments, according to Mr. Madison.@@@@1@38@@oe@2-2-2013
20059014@unknown@formal@none@1@S@It remains unclear whether the bond issue will be rolled over.@@@@1@11@@oe@2-2-2013
20059015@unknown@formal@none@1@S@Meanwhile, traders in Tokyo say that the prospect of lower U.S. interest rates has spurred dollar buying by Japanese institutions.@@@@1@20@@oe@2-2-2013
20059016@unknown@formal@none@1@S@They point out that these institutions want to lock in returns on high-yield U.S. Treasury debt and suggest demand for the U.S. unit will continue unabated until rates in the U.S. recede.@@@@1@32@@oe@2-2-2013
20059017@unknown@formal@none@1@S@The market again showed little interest in further evidence of a slowing U.S. economy, and traders note that the market in recent weeks has taken its cues more from Wall Street than U.S. economic indicators.@@@@1@35@@oe@2-2-2013
20059018@unknown@formal@none@1@S@Dealers said the dollar merely drifted lower following the release Wednesday of the U.S. purchasing managers' report.@@@@1@17@@oe@2-2-2013
20059019@unknown@formal@none@1@S@The managers' index, which measures the health of the manufacturing sector, stood at 47.6% in October, above September's 46%, and also above average forecasts for the index of 45.3%.@@@@1@29@@oe@2-2-2013
20059020@unknown@formal@none@1@S@Some dealers said the dollar was pressured slightly because a number of market participants had boosted their expectations in the past day and were looking for an index above 50, which indicates an expanding manufacturing economy.@@@@1@36@@oe@2-2-2013
20059021@unknown@formal@none@1@S@But most said the index had no more than a minimal effect on trade.@@@@1@14@@oe@2-2-2013
20059022@unknown@formal@none@1@S@On the Commodity Exchange in New York, gold for current delivery settled at $374.20 an ounce, down 50 cents.@@@@1@19@@oe@2-2-2013
20059023@unknown@formal@none@1@S@Estimated volume was a moderate 3.5 million ounces.@@@@1@8@@oe@2-2-2013
20059024@unknown@formal@none@1@S@In early trading in Hong Kong Thursday, gold was quoted at $374.19 an ounce.@@@@1@14@@oe@2-2-2013
20060001@unknown@formal@none@1@S@"The Cosby Show" may have single-handedly turned around ratings at NBC since its debut in 1984, and the Huxtable family still keeps millions of viewers laughing Thursday night on the network.@@@@1@31@@oe@2-2-2013
20060002@unknown@formal@none@1@S@But some of the TV stations that bought "Cosby" reruns for record prices two years ago aren't laughing much these days.@@@@1@21@@oe@2-2-2013
20060003@unknown@formal@none@1@S@The reruns have helped ratings at many of the 187 network affiliates and independent TV stations that air the shows.@@@@1@20@@oe@2-2-2013
20060004@unknown@formal@none@1@S@But the ratings are considerably below expectations, and some stations say they may not buy new episodes when their current contracts expire.@@@@1@22@@oe@2-2-2013
20060005@unknown@formal@none@1@S@Meanwhile, stations are fuming because, many of them say, the show's distributor, Viacom Inc., is giving an ultimatum: Either sign new long-term commitments to buy future episodes or risk losing "Cosby" to a competitor.@@@@1@34@@oe@2-2-2013
20060006@unknown@formal@none@1@S@At the same time, Viacom is trying to persuade stations to make commitments to "A Different World," a spin-off of "Cosby" whose reruns will become available in 1991.@@@@1@28@@oe@2-2-2013
20060007@unknown@formal@none@1@S@Viacom denies it's using pressure tactics.@@@@1@6@@oe@2-2-2013
20060008@unknown@formal@none@1@S@"We're willing to negotiate," says Dennis Gillespie, executive vice president of marketing.@@@@1@12@@oe@2-2-2013
20060009@unknown@formal@none@1@S@"We're offering this plan now because we feel it's the right time."@@@@1@12@@oe@2-2-2013
20060010@unknown@formal@none@1@S@But, says the general manager of a network affiliate in the Midwest, "I think if I tell them I need more time, they'll take `Cosby' across the street,"@@@@1@28@@oe@2-2-2013
20060011@unknown@formal@none@1@S@Viacom's move comes as the syndication market is being flooded with situation comedies that are still running on the networks.@@@@1@20@@oe@2-2-2013
20060012@unknown@formal@none@1@S@One station manager says he believes Viacom's move is a "pre-emptive strike" because the company is worried that "Cosby" ratings will continue to drop in syndication over the next few years.@@@@1@31@@oe@2-2-2013
20060013@unknown@formal@none@1@S@"Cosby" is down a full ratings point in the week of Oct. 2-8 over the same week a year ago, according to A.C. Nielsen Co.@@@@1@25@@oe@2-2-2013
20060014@unknown@formal@none@1@S@Mr. Gillespie at Viacom says the ratings are rising.@@@@1@9@@oe@2-2-2013
20060015@unknown@formal@none@1@S@And executives at stations in such major markets as Washington; Providence, R.I.; Cleveland; Raleigh, N.C.; Minneapolis, and Louisville, Ky., say they may very well not renew "Cosby."@@@@1@27@@oe@2-2-2013
20060016@unknown@formal@none@1@S@Dick Lobo, the general manager of WTVJ, the NBC-owned station in Miami, for example, says the show has "been a major disappointment to us."@@@@1@24@@oe@2-2-2013
20060017@unknown@formal@none@1@S@"At the prices we were charged, there should have been some return for the dollar.@@@@1@15@@oe@2-2-2013
20060018@unknown@formal@none@1@S@There wasn't."@@@@1@2@@oe@2-2-2013
20060019@unknown@formal@none@1@S@Neil Kuvin, the general manager of WHAS, the CBS affiliate in Louisville, says "Cosby" gets the station's highest ratings and he's "pleased."@@@@1@22@@oe@2-2-2013
20060020@unknown@formal@none@1@S@But he adds, "I feel pressured, disappointed, uncomfortable and, frankly, quite angry with Viacom.@@@@1@14@@oe@2-2-2013
20061001@unknown@formal@none@1@S@The Life Insurance Co. of Georgia has officially opened an office in Taipei.@@@@1@13@@oe@2-2-2013
20061002@unknown@formal@none@1@S@David Wu, the company's representative in Taiwan, said Atlanta-based Life of Georgia will sell conventional life-insurance products.@@@@1@17@@oe@2-2-2013
20061003@unknown@formal@none@1@S@Life of Georgia is part of the Nationale Nederlanden Group, based in the Netherlands.@@@@1@14@@oe@2-2-2013
20062001@unknown@formal@none@1@S@In this era of frantic competition for ad dollars, a lot of revenue-desperate magazines are getting pretty cozy with advertisers -- fawning over them in articles and offering pages of advertorial space.@@@@1@32@@oe@2-2-2013
20062002@unknown@formal@none@1@S@So can a magazine survive by downright thumbing its nose at major advertisers?@@@@1@13@@oe@2-2-2013
20062003@unknown@formal@none@1@S@Garbage magazine, billed as "The Practical Journal for the Environment," is about to find out.@@@@1@15@@oe@2-2-2013
20062004@unknown@formal@none@1@S@Founded by Brooklyn, N.Y., publishing entrepreneur Patricia Poore, Garbage made its debut this fall with the promise to give consumers the straight scoop on the U.S. waste crisis.@@@@1@28@@oe@2-2-2013
20062005@unknown@formal@none@1@S@The magazine combines how-to pieces on topics like backyard composting, explanatory essays on such things as what happens after you flush your toilet, and hard-hitting pieces on alleged environmental offenders.@@@@1@30@@oe@2-2-2013
20062006@unknown@formal@none@1@S@Garbage editors have dumped considerable energy into a whirling rampage through supermarket aisles in a bid to identify corporate America's good guys and bad boys.@@@@1@25@@oe@2-2-2013
20062007@unknown@formal@none@1@S@In one feature, called "In the Dumpster," editors point out a product they deem to be a particularly bad offender.@@@@1@20@@oe@2-2-2013
20062008@unknown@formal@none@1@S@From an advertising standpoint, the problem is these offenders are likely to be some of the same folks that are major magazine advertisers these days.@@@@1@25@@oe@2-2-2013
20062009@unknown@formal@none@1@S@With only two issues under its belt, Garbage has alienated some would-be advertisers and raised the ire of others.@@@@1@19@@oe@2-2-2013
20062010@unknown@formal@none@1@S@Campbell Soup, for one, is furious its Souper Combo microwave product was chastised in the premiere "In the Dumpster" column.@@@@1@20@@oe@2-2-2013
20062011@unknown@formal@none@1@S@The magazine's editors ran a giant diagram of the product with arrows pointing to the packaging's polystyrene foam, polyproplene and polyester film -- all plastic items they say are non-biodegradable.@@@@1@30@@oe@2-2-2013
20062012@unknown@formal@none@1@S@"It's precisely the kind of product that's created the municipal landfill monster," the editors wrote.@@@@1@15@@oe@2-2-2013
20062013@unknown@formal@none@1@S@"I think that this magazine is not only called Garbage, but it is practicing journalistic garbage," fumes a spokesman for Campbell Soup.@@@@1@22@@oe@2-2-2013
20062014@unknown@formal@none@1@S@He says Campbell wasn't even contacted by the magazine for the opportunity to comment.@@@@1@14@@oe@2-2-2013
20062015@unknown@formal@none@1@S@Modifications had been made to the Souper Combo product at the time the issue was printed, he says, making it less an offender than was portrayed.@@@@1@26@@oe@2-2-2013
20062016@unknown@formal@none@1@S@He admits, though, it isn't one of Campbell Soup's better products in terms of recyclability.@@@@1@15@@oe@2-2-2013
20062017@unknown@formal@none@1@S@Campbell Soup, not surprisingly, doesn't have any plans to advertise in the magazine, according to its spokesman.@@@@1@17@@oe@2-2-2013
20062018@unknown@formal@none@1@S@Some media experts question whether a young magazine can risk turning off Madison Avenue's big spenders.@@@@1@16@@oe@2-2-2013
20062019@unknown@formal@none@1@S@"You really need the Campbell Soups of the world to be interested in your magazine if you're going to make a run of it," says Mike White, senior vice president and media director at DDB Needham, Chicago.@@@@1@37@@oe@2-2-2013
20062020@unknown@formal@none@1@S@"The economics of magazine publishing pretty much require that you have a pretty solid base" of big-time ad spenders, he adds.@@@@1@21@@oe@2-2-2013
20062021@unknown@formal@none@1@S@The first two issues featured ads from only a handful of big advertisers, including General Electric and Adolph Coors, but the majority were from companies like Waste Management Inc. and Bumkins International, firms that don't spend much money advertising and can't be relied on to support a magazine over the long haul.@@@@1@52@@oe@2-2-2013
20062022@unknown@formal@none@1@S@A Waste Management spokeswoman says its ad in the premiere issue was a one-time purchase, and it doesn't have any plans to advertise in future issues.@@@@1@26@@oe@2-2-2013
20062023@unknown@formal@none@1@S@"We don't spend much on print advertising," she says.@@@@1@9@@oe@2-2-2013
20062024@unknown@formal@none@1@S@But Ms. Poore, the magazine's editor and publisher, contends Garbage can survive, at least initially, on subscription revenues.@@@@1@18@@oe@2-2-2013
20062025@unknown@formal@none@1@S@Individual copies of the magazine sell for $2.95 and yearly subscriptions cost $21.@@@@1@13@@oe@2-2-2013
20062026@unknown@formal@none@1@S@(It is, of course, printed on recycled paper.)@@@@1@8@@oe@2-2-2013
20062027@unknown@formal@none@1@S@According to Ms. Poore, Old-House Journal Corp., her publishing company, printed and sold all 126,000 copies of the premiere issue.@@@@1@20@@oe@2-2-2013
20062028@unknown@formal@none@1@S@The first and second issues sold out on newsstands, she says, and the magazine has orders for 93,000 subscriptions.@@@@1@19@@oe@2-2-2013
20062029@unknown@formal@none@1@S@Asked whether potential advertisers will be scared away by the magazine's direct policy, Ms. Poore replies: "I don't know and I don't care.@@@@1@23@@oe@2-2-2013
20062030@unknown@formal@none@1@S@I'm not saying advertising revenue isn't important," she says, "but I couldn't sleep at night" if the magazine bowed to a company because they once took out an ad.@@@@1@29@@oe@2-2-2013
20062031@unknown@formal@none@1@S@Ad Notes. . . .@@@@1@5@@oe@2-2-2013
20062032@unknown@formal@none@1@S@INTERPUBLIC ON TV:@@@@1@3@@oe@2-2-2013
20062033@unknown@formal@none@1@S@Interpublic Group said its television programming operations -- which it expanded earlier this year -- agreed to supply more than 4,000 hours of original programming across Europe in 1990.@@@@1@29@@oe@2-2-2013
20062034@unknown@formal@none@1@S@It said the programs, largely game shows, will be provided by its E.C. Television unit along with Fremantle International, a producer and distributor of game shows of which it recently bought 49%.@@@@1@32@@oe@2-2-2013
20062035@unknown@formal@none@1@S@It said that volume makes it the largest supplier of original TV programming in Europe.@@@@1@15@@oe@2-2-2013
20062036@unknown@formal@none@1@S@Interpublic is providing the programming in return for advertising time, which it said will be valued at more than $75 million in 1990 and $150 million in 1991.@@@@1@28@@oe@2-2-2013
20062037@unknown@formal@none@1@S@It plans to sell the ad time to its clients at a discount.@@@@1@13@@oe@2-2-2013
20062038@unknown@formal@none@1@S@NEW ACCOUNT:@@@@1@2@@oe@2-2-2013
20062039@unknown@formal@none@1@S@CoreStates Financial Corp., Philadelphia, named Earle Palmer Brown & Spiro, Philadelphia, as agency of record for its $5 million account.@@@@1@20@@oe@2-2-2013
20062040@unknown@formal@none@1@S@The business had been handled by VanSant Dugdale, Baltimore.@@@@1@9@@oe@2-2-2013
20062041@unknown@formal@none@1@S@AT&T FAX:@@@@1@2@@oe@2-2-2013
20062042@unknown@formal@none@1@S@American Telephone & Telegraph's General Business Systems division, New York, awarded the ad account for its Fax product line to Ogilvy & Mather, New York, a WPP Group agency.@@@@1@29@@oe@2-2-2013
20062043@unknown@formal@none@1@S@Billings weren't disclosed for the small account, which had been serviced at Young & Rubicam, New York.@@@@1@17@@oe@2-2-2013
20062044@unknown@formal@none@1@S@FIRST CAMPAIGN:@@@@1@2@@oe@2-2-2013
20062045@unknown@formal@none@1@S@Enterprise Rent-A-Car Inc. breaks its first national ad campaign this week.@@@@1@11@@oe@2-2-2013
20062046@unknown@formal@none@1@S@The St. Louis firm specializes in replacement-car rentals, those provided by insurance companies for cars damaged in accidents.@@@@1@18@@oe@2-2-2013
20062047@unknown@formal@none@1@S@Developed by Avrett, Free & Ginsberg, New York, the $6 million campaign pitches Enterprise's consumer-driven service and its free pick-up and drop-off service.@@@@1@23@@oe@2-2-2013
20062048@unknown@formal@none@1@S@LANDOR ASSOCIATES:@@@@1@2@@oe@2-2-2013
20062049@unknown@formal@none@1@S@Young & Rubicam said it completed its acquisition of Landor Associates, a San Francisco identity-management firm.@@@@1@16@@oe@2-2-2013
20062050@unknown@formal@none@1@S@ACQUISITION:@@@@1@1@@oe@2-2-2013
20062051@unknown@formal@none@1@S@Ketchum Communications, Pittsburgh, acquired Braun & Co., a Los Angeles investor-relations and marketing-communications firm.@@@@1@14@@oe@2-2-2013
20062052@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20063001@unknown@formal@none@1@S@Sea Containers Ltd. said it might increase the price of its $70-a-share buy-back plan if pressed by Temple Holdings Ltd., which made an earlier tender offer for Sea Containers.@@@@1@29@@oe@2-2-2013
20063002@unknown@formal@none@1@S@Sea Containers, a Hamilton, Bermuda-based shipping concern, said Tuesday that it would sell $1.1 billion of assets and use some of the proceeds to buy about 50% of its common shares for $70 apiece.@@@@1@34@@oe@2-2-2013
20063003@unknown@formal@none@1@S@The move is designed to ward off a hostile takeover attempt by two European shipping concerns, Stena Holding AG and Tiphook PLC.@@@@1@22@@oe@2-2-2013
20063004@unknown@formal@none@1@S@In May, the two companies, through their jointly owned holding company, Temple, offered $50 a share, or $777 million, for Sea Containers.@@@@1@22@@oe@2-2-2013
20063005@unknown@formal@none@1@S@In August, Temple sweetened the offer to $63 a share, or $963 million.@@@@1@13@@oe@2-2-2013
20063006@unknown@formal@none@1@S@Yesterday, Sea Containers' chief executive officer, James Sherwood, said in an interview that, under the asset-sale plan, Sea Containers would end up with a cash surplus of approximately $620 million.@@@@1@30@@oe@2-2-2013
20063007@unknown@formal@none@1@S@About $490 million of that would be allocated to the buy-back, leaving about $130 million, he said.@@@@1@17@@oe@2-2-2013
20063008@unknown@formal@none@1@S@That $130 million, Mr. Sherwood said, "gives us some flexibility in case Temple raises its bid.@@@@1@16@@oe@2-2-2013
20063009@unknown@formal@none@1@S@We are able to increase our price above the $70 level if necessary.@@@@1@13@@oe@2-2-2013
20063010@unknown@formal@none@1@S@" He declined to say, however, how much Sea Containers might raise its price.@@@@1@14@@oe@2-2-2013
20063011@unknown@formal@none@1@S@Mr. Sherwood speculated that the leeway that Sea Containers has means that Temple would have to "substantially increase their bid if they're going to top us."@@@@1@26@@oe@2-2-2013
20063012@unknown@formal@none@1@S@Temple, however, harshly criticized Sea Containers' plan yesterday, characterizing it as a "highly conditional device designed to entrench management, confuse shareholders and prevent them from accepting our superior cash offer."@@@@1@30@@oe@2-2-2013
20063013@unknown@formal@none@1@S@A spokesman for Temple estimated that Sea Containers' plan -- if all the asset sales materialize -- would result in shareholders receiving only $36 to $45 a share in cash.@@@@1@30@@oe@2-2-2013
20063014@unknown@formal@none@1@S@The lower figures, the spokesman said, would stem from preferred shares being converted to common stock and the possibility that Sea Containers' subsidiaries might be required to place their shares in the open market.@@@@1@34@@oe@2-2-2013
20063015@unknown@formal@none@1@S@Temple added that Sea Containers is still mired in legal problems in Bermuda, where the Supreme Court has temporarily barred Sea Containers from buying back its own stock in a case brought by Stena and Tiphook.@@@@1@36@@oe@2-2-2013
20063016@unknown@formal@none@1@S@{The court has indicated it will rule on the case by the end of the month.}@@@@1@16@@oe@2-2-2013
20063017@unknown@formal@none@1@S@Temple also said Sea Containers' plan raises "numerous legal, regulatory, financial and fairness issues," but didn't elaborate.@@@@1@17@@oe@2-2-2013
20063018@unknown@formal@none@1@S@Mr. Sherwood said reaction to Sea Containers' proposal has been "very positive."@@@@1@12@@oe@2-2-2013
20063019@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Sea Containers closed at $62.625, up 62.5 cents.@@@@1@16@@oe@2-2-2013
20064001@unknown@formal@none@1@S@The Transportation Department, responding to pressure from safety advocates, took further steps to impose on light trucks and vans the safety requirements used for automobiles.@@@@1@25@@oe@2-2-2013
20064002@unknown@formal@none@1@S@The department proposed requiring stronger roofs for light trucks and minivans, beginning with 1992 models.@@@@1@15@@oe@2-2-2013
20064003@unknown@formal@none@1@S@It also issued a final rule requiring auto makers to equip light trucks and minivans with lap-shoulder belts for rear seats beginning in the 1992 model year.@@@@1@27@@oe@2-2-2013
20064004@unknown@formal@none@1@S@Such belts already are required for the vehicles' front seats.@@@@1@10@@oe@2-2-2013
20064005@unknown@formal@none@1@S@"Today's action," Transportation Secretary Samuel Skinner said, "represents another milestone in the ongoing program to promote vehicle occupant safety in light trucks and minivans through its extension of passenger car standards."@@@@1@31@@oe@2-2-2013
20064006@unknown@formal@none@1@S@In September, the department had said it will require trucks and minivans to be equipped with the same front-seat headrests that have long been required on passenger cars.@@@@1@28@@oe@2-2-2013
20064007@unknown@formal@none@1@S@The Big Three auto makers said the rule changes weren't surprising because Bush administration officials have long said they planned to impose car safety standards on light trucks and vans.@@@@1@30@@oe@2-2-2013
20064008@unknown@formal@none@1@S@Safety advocates, including some members of Congress, have been urging the department for years to extend car-safety requirements to light trucks and vans, which now account for almost one-third of all vehicle sales in the U.S.@@@@1@36@@oe@2-2-2013
20064009@unknown@formal@none@1@S@They say that many vehicles classed as commercial light trucks actually carry more people than cargo and therefore should have the same safety features as cars.@@@@1@26@@oe@2-2-2013
20064010@unknown@formal@none@1@S@They didn't have much luck during the Reagan administration.@@@@1@9@@oe@2-2-2013
20064011@unknown@formal@none@1@S@"But now, there seems to be a fairly systematic effort to address the problem," said Chuck Hurley, vice president of communications for the Insurance Institute for Highway Safety.@@@@1@28@@oe@2-2-2013
20064012@unknown@formal@none@1@S@"We're in a very different regulatory environment."@@@@1@7@@oe@2-2-2013
20064013@unknown@formal@none@1@S@Sen. John Danforth (R., Mo.) praised the department's actions, noting that rollover crashes account for almost half of all light-truck deaths.@@@@1@21@@oe@2-2-2013
20064014@unknown@formal@none@1@S@"We could prevent many of these fatalities with minimum roof-crush standards," he said.@@@@1@13@@oe@2-2-2013
20064015@unknown@formal@none@1@S@Sen. Danforth and others also want the department to require additional safety equipment in light trucks and minivans, including air bags or automatic seat belts in front seats and improved side-crash protection.@@@@1@32@@oe@2-2-2013
20064016@unknown@formal@none@1@S@The department's roof-crush proposal would apply to vehicles weighing 10,000 pounds or less.@@@@1@13@@oe@2-2-2013
20064017@unknown@formal@none@1@S@The roofs would be required to withstand a force of 1.5 times the unloaded weight of the vehicle.@@@@1@18@@oe@2-2-2013
20064018@unknown@formal@none@1@S@During the test, the roof couldn't be depressed more than five inches.@@@@1@12@@oe@2-2-2013
20064019@unknown@formal@none@1@S@In Detroit, a Chrysler Corp. official said the company currently has no rear-seat lap and shoulder belts in its light trucks, but plans to begin phasing them in by the end of the 1990 model year.@@@@1@36@@oe@2-2-2013
20064020@unknown@formal@none@1@S@He said Chrysler fully expects to have them installed across its light-truck line by the Sept. 1, 1991, deadline.@@@@1@19@@oe@2-2-2013
20064021@unknown@formal@none@1@S@Chrysler said its trucks and vans already meet the roof-crush resistance standard for cars.@@@@1@14@@oe@2-2-2013
20064022@unknown@formal@none@1@S@John Leinonen, executive engineer of Ford Motor Co.'s auto-safety office, said Ford trucks have met car standards for roof-crush resistance since 1982.@@@@1@22@@oe@2-2-2013
20064023@unknown@formal@none@1@S@Ford began installing the rear-seat belts in trucks with its F-series Crew Cab pickups in the 1989 model year.@@@@1@19@@oe@2-2-2013
20064024@unknown@formal@none@1@S@The new Explorer sport-utility vehicle, set for introduction next spring, will also have the rear-seat belts.@@@@1@16@@oe@2-2-2013
20064025@unknown@formal@none@1@S@Mr. Leinonen said he expects Ford to meet the deadline easily.@@@@1@11@@oe@2-2-2013
20065001@unknown@formal@none@1@S@Consolidated Rail Corp. said it would spend more than $30 million on 1,000 enclosed railcars for transporting autos.@@@@1@18@@oe@2-2-2013
20065002@unknown@formal@none@1@S@The multilevel railcars, scheduled for delivery in 1990, will be made by Thrall Manufacturing Co., a Chicago Heights, Ill., division of closely held Duchossois Industries Inc., Elmhurst, Ill.@@@@1@28@@oe@2-2-2013
20065003@unknown@formal@none@1@S@This year, the railroad holding company acquired 850 such railcars.@@@@1@10@@oe@2-2-2013
20066001@unknown@formal@none@1@S@Sir Peter Walters, 58-year-old chairman of British Petroleum Co. until next March, joins the board of this cement products company on Dec. 1.@@@@1@23@@oe@2-2-2013
20066002@unknown@formal@none@1@S@Sir Peter will succeed Sir John Milne, 65, who retires as Blue Circle nonexecutive chairman on June 1.@@@@1@18@@oe@2-2-2013
20067001@unknown@formal@none@1@S@Bank of New England Corp. said it has held talks with potential merger partners outside New England, although it added that nothing is imminent and it hasn't received any formal offers.@@@@1@31@@oe@2-2-2013
20067002@unknown@formal@none@1@S@The discussions were disclosed as the bank holding company said that it has dropped its longstanding opposition to full interstate banking bills in Connecticut and in Massachusetts.@@@@1@27@@oe@2-2-2013
20067003@unknown@formal@none@1@S@Later yesterday, a Massachusetts senate committee approved a bill to allow national interstate banking by banks in the state beginning in 1991.@@@@1@22@@oe@2-2-2013
20067004@unknown@formal@none@1@S@Currently, both Massachusetts and Connecticut, where most of Bank of New England's operations are, allow interstate banking only within New England.@@@@1@21@@oe@2-2-2013
20067005@unknown@formal@none@1@S@Richard Driscoll, vice chairman of Bank of New England, told the Dow Jones Professional Investor Report, "Certainly, there are those outside the region who think of us prospectively as a good partner.@@@@1@32@@oe@2-2-2013
20067006@unknown@formal@none@1@S@We have, and I'm sure others have, considered what our options are, and we've had conversations with people who in the future might prove to be interesting partners."@@@@1@28@@oe@2-2-2013
20067007@unknown@formal@none@1@S@He added, "There's nothing very hot."@@@@1@6@@oe@2-2-2013
20067008@unknown@formal@none@1@S@Mr. Driscoll didn't elaborate about who the potential partners were or when the talks were held.@@@@1@16@@oe@2-2-2013
20067009@unknown@formal@none@1@S@A bank spokeswoman also declined to comment on any merger-related matters, but said the company decided to drop its opposition to the interstate banking legislation because "prevailing sentiment is in favor of passage."@@@@1@33@@oe@2-2-2013
20067010@unknown@formal@none@1@S@Bank of New England has been hit hard by the region's real-estate slump, with its net income declining 42% to $121.6 million, or 61 cents a share, in the first nine months of 1989 from the year-earlier period.@@@@1@38@@oe@2-2-2013
20067011@unknown@formal@none@1@S@The company recently said it would sell some operations and lay off 4% of its work force, altogether reducing employment to less than 16,000 from about 18,000.@@@@1@27@@oe@2-2-2013
20067012@unknown@formal@none@1@S@It recently signed a preliminary agreement to negotiate exclusively with the Bank of Tokyo Ltd. for the sale of part of its leasing business to the Japanese bank.@@@@1@28@@oe@2-2-2013
20068001@unknown@formal@none@1@S@GOODY PRODUCTS Inc. cut its quarterly dividend to five cents a share from 11.5 cents a share.@@@@1@17@@oe@2-2-2013
20068002@unknown@formal@none@1@S@The reduced dividend is payable Jan. 2 to stock of record Dec. 15.@@@@1@13@@oe@2-2-2013
20068003@unknown@formal@none@1@S@The Kearny, N.J.-based maker of hair accessories and other cosmetic products said it cut the dividend due to its third-quarter loss of $992,000, or 15 cents a share.@@@@1@28@@oe@2-2-2013
20068004@unknown@formal@none@1@S@In the year-ago quarter, the company reported net income of $1.9 million, or 29 cents a share.@@@@1@17@@oe@2-2-2013
20068005@unknown@formal@none@1@S@The company also adopted an anti-takeover plan.@@@@1@7@@oe@2-2-2013
20069001@unknown@formal@none@1@S@Michael Henderson, 51-year-old group chief executive of this U.K. metals and industrial materials maker, will become chairman in May, succeeding Ian Butler, 64, who is retiring.@@@@1@26@@oe@2-2-2013
20069002@unknown@formal@none@1@S@Mr. Butler will remain on the board as a nonexecutive director.@@@@1@11@@oe@2-2-2013
20070001@unknown@formal@none@1@S@Rally's Inc. said it has redeemed its rights outstanding issued Monday in its shareholder rights plan.@@@@1@16@@oe@2-2-2013
20070002@unknown@formal@none@1@S@The company said holders of stock of record Nov. 10 will receive 1/10th of one cent a share as the redemption payment.@@@@1@22@@oe@2-2-2013
20070003@unknown@formal@none@1@S@The fast-food company said its decision was based upon discussions with a shareholder group, Giant Group Ltd., "in an effort to resolve certain disputes with the company."@@@@1@27@@oe@2-2-2013
20070004@unknown@formal@none@1@S@Giant Group is led by three Rally's directors, Burt Sugarman, James M. Trotter III and William E. Trotter II, who last month indicated they hold a 42.5% stake in Rally's and plan to seek a majority of seats on Rally's nine-member board.@@@@1@42@@oe@2-2-2013
20071001@unknown@formal@none@1@S@When Warren Winiarski, proprietor of Stag's Leap Wine Cellars in Napa Valley, announced a $75 price tag for his 1985 Cask 23 Cabernet this fall, few wine shops and restaurants around the country balked.@@@@1@34@@oe@2-2-2013
20071002@unknown@formal@none@1@S@"This is the peak of my wine-making experience," Mr. Winiarski declared when he introduced the wine at a dinner in New York, "and I wanted to single it out as such."@@@@1@31@@oe@2-2-2013
20071003@unknown@formal@none@1@S@It is in my estimation the best wine Stag's Leap has produced, and with fewer than 700 cases available, it is sure to sell quickly.@@@@1@25@@oe@2-2-2013
20071004@unknown@formal@none@1@S@The price is a new high for California Cabernet Sauvignon, but it is not the highest.@@@@1@16@@oe@2-2-2013
20071005@unknown@formal@none@1@S@Diamond Creek 1985 Lake Vineyard Cabernet weighed in this fall with a sticker price of $100 a bottle.@@@@1@18@@oe@2-2-2013
20071006@unknown@formal@none@1@S@One of the fastest growing segments of the wine market is the category of superpremiums -- wines limited in production, of exceptional quality (or so perceived, at any rate), and with exceedingly high prices.@@@@1@34@@oe@2-2-2013
20071007@unknown@formal@none@1@S@For years, this group included a stable of classics -- Bordeaux first growths (Lafite-Rothschild, Latour, Haut-Brion, Petrus), Grand Cru Burgundies (Romanee-Conti and La Tache) deluxe Champagnes (Dom Perignon or Roederer Cristal), rarefied sweet wines (Chateau Yquem or Trockenbeerenauslesen Rieslings from Germany, and Biondi-Santi Brunello Riserva from Tuscany).@@@@1@47@@oe@2-2-2013
20071008@unknown@formal@none@1@S@These first magnitude wines ranged in price from $40 to $125 a bottle.@@@@1@13@@oe@2-2-2013
20071009@unknown@formal@none@1@S@In the last year or so, however, this exclusive club has taken in a host of flashy new members.@@@@1@19@@oe@2-2-2013
20071010@unknown@formal@none@1@S@The classics have zoomed in price to meet the competition, and it almost seems that there's a race on to come up with the priciest single bottle, among current releases from every major wine region on the globe.@@@@1@38@@oe@2-2-2013
20071011@unknown@formal@none@1@S@France can boast the lion's share of high-priced bottles.@@@@1@9@@oe@2-2-2013
20071012@unknown@formal@none@1@S@Bordeaux's first growths from 1985 and 1986 are $60 to $80 each (except for the smallest in terms of production, Chateau Petrus, which costs around $250!).@@@@1@26@@oe@2-2-2013
20071013@unknown@formal@none@1@S@These prices seem rather modest, however, in light of other French wines from current vintages.@@@@1@15@@oe@2-2-2013
20071014@unknown@formal@none@1@S@Chateau Yquem, the leading Sauternes, now goes for well over $100 a bottle for a lighter vintage like 1984; the spectacularly rich 1983 runs $179.@@@@1@25@@oe@2-2-2013
20071015@unknown@formal@none@1@S@In Champagne, some of the prestige cuvees are inching toward $100 a bottle.@@@@1@13@@oe@2-2-2013
20071016@unknown@formal@none@1@S@The first Champagne to crack that price barrier was the 1979 Salon de Mesnil Blanc de Blancs.@@@@1@17@@oe@2-2-2013
20071017@unknown@formal@none@1@S@The '82 Salon is $115.@@@@1@5@@oe@2-2-2013
20071018@unknown@formal@none@1@S@Roederer Cristal at $90 a bottle sells out around the country and Taittinger's Comtes de Champagne Blanc de Blancs is encroaching upon that level.@@@@1@24@@oe@2-2-2013
20071019@unknown@formal@none@1@S@The great reds of the Rhone Valley have soared in price as well.@@@@1@13@@oe@2-2-2013
20071020@unknown@formal@none@1@S@E. Guigal's 1982 Cote Rotie La Landonne, for example, is $120.@@@@1@11@@oe@2-2-2013
20071021@unknown@formal@none@1@S@None of France's wine regions can steal a march on Burgundy, however.@@@@1@12@@oe@2-2-2013
20071022@unknown@formal@none@1@S@The six wines of the Domaine de la Romanee-Conti, 72 of the most precious acres of vineyard anywhere in the world, have commanded three-digit price tags for several years now.@@@@1@30@@oe@2-2-2013
20071023@unknown@formal@none@1@S@With the 1985 vintage, they soared higher: La Tache, $195; Richebourg, $180; Romanee-Conti, $225.@@@@1@14@@oe@2-2-2013
20071024@unknown@formal@none@1@S@Another small Burgundy estate, Coche-Dury, has just offered its 1987 Corton-Charlemagne for $155.@@@@1@13@@oe@2-2-2013
20071025@unknown@formal@none@1@S@From Italy there is Angelo Gaja Barbaresco at $125 a bottle, Piero Antinori's La Solaia, a $90 Cabernet from Tuscany, and Biondi-Santi Brunello at $98.@@@@1@25@@oe@2-2-2013
20071026@unknown@formal@none@1@S@Spain's Vega Secilia Unico 1979 (released only in its 10th year) is $70, as is Australia's Grange Hermitage 1982.@@@@1@19@@oe@2-2-2013
20071027@unknown@formal@none@1@S@"There are certain cult wines that can command these higher prices," says Larry Shapiro of Marty's, one of the largest wine shops in Dallas.@@@@1@24@@oe@2-2-2013
20071028@unknown@formal@none@1@S@"What's different is that it is happening with young wines just coming out.@@@@1@13@@oe@2-2-2013
20071029@unknown@formal@none@1@S@We're seeing it partly because older vintages are growing more scarce."@@@@1@11@@oe@2-2-2013
20071030@unknown@formal@none@1@S@Wine auctions have almost exhausted the limited supply of those wines, Mr. Shapiro continued: "We've seen a dramatic decrease in demand for wines from the '40s and '50s, which go for $300 to $400 a bottle.@@@@1@36@@oe@2-2-2013
20071031@unknown@formal@none@1@S@Some of the newer wines, even at $90 to $100 a bottle or so, almost offer a bargain."@@@@1@18@@oe@2-2-2013
20071032@unknown@formal@none@1@S@Take Lake Vineyard Cabernet from Diamond Creek.@@@@1@7@@oe@2-2-2013
20071033@unknown@formal@none@1@S@It's made only in years when the grapes ripen perfectly (the last was 1979) and comes from a single acre of grapes that yielded a mere 75 cases in 1987.@@@@1@30@@oe@2-2-2013
20071034@unknown@formal@none@1@S@Owner Al Brownstein originally planned to sell it for $60 a bottle, but when a retailer in Southern California asked, "Is that wholesale or retail?" he re-thought the matter.@@@@1@29@@oe@2-2-2013
20071035@unknown@formal@none@1@S@Offering the wine at roughly $65 a bottle wholesale ($100 retail), he sent merchants around the country a form asking them to check one of three answers: 1) no, the wine is too high (2 responses); 2) yes, it's high but I'll take it (2 responses); 3) I'll take all I can get (58 responses).@@@@1@55@@oe@2-2-2013
20071036@unknown@formal@none@1@S@The wine was shipped in six-bottle cases instead of the usual 12, but even at that it was spread thin, going to 62 retailers in 28 states.@@@@1@27@@oe@2-2-2013
20071037@unknown@formal@none@1@S@"We thought it was awfully expensive," said Sterling Pratt, wine director at Schaefer's in Skokie, Ill., one of the top stores in suburban Chicago, "but there are people out there with very different opinions of value.@@@@1@36@@oe@2-2-2013
20071038@unknown@formal@none@1@S@We got our two six-packs -- and they're gone."@@@@1@9@@oe@2-2-2013
20071039@unknown@formal@none@1@S@Mr. Pratt remarked that he thinks steeper prices have come about because producers don't like to see a hit wine dramatically increase in price later on.@@@@1@26@@oe@2-2-2013
20071040@unknown@formal@none@1@S@Even if there is consumer resistance at first, a wine that wins high ratings from the critics will eventually move.@@@@1@20@@oe@2-2-2013
20071041@unknown@formal@none@1@S@"There may be sticker-shock reaction initially," said Mr. Pratt, "but as the wine is talked about and starts to sell, they eventually get excited and decide it's worth the astronomical price to add it to their collection."@@@@1@37@@oe@2-2-2013
20071042@unknown@formal@none@1@S@"It's just sort of a one-upsmanship thing with some people," added Larry Shapiro.@@@@1@13@@oe@2-2-2013
20071043@unknown@formal@none@1@S@"They like to talk about having the new Red Rock Terrace {one of Diamond Creek's Cabernets} or the Dunn 1985 Cabernet, or the Petrus.@@@@1@24@@oe@2-2-2013
20071044@unknown@formal@none@1@S@Producers have seen this market opening up and they're now creating wines that appeal to these people."@@@@1@17@@oe@2-2-2013
20071045@unknown@formal@none@1@S@That explains why the number of these wines is expanding so rapidly.@@@@1@12@@oe@2-2-2013
20071046@unknown@formal@none@1@S@But consumers who buy at this level are also more knowledgeable than they were a few years ago.@@@@1@18@@oe@2-2-2013
20071047@unknown@formal@none@1@S@"They won't buy if the quality is not there," said Cedric Martin of Martin Wine Cellar in New Orleans.@@@@1@19@@oe@2-2-2013
20071048@unknown@formal@none@1@S@"Or if they feel the wine is overpriced and they can get something equally good for less."@@@@1@17@@oe@2-2-2013
20071049@unknown@formal@none@1@S@Mr. Martin has increased prices on some wines (like Grgich Hills Chardonnay, now $32) just to slow down movement, but he is beginning to see some resistance to high-priced red Burgundies and Cabernets and Chardonnays in the $30 to $40 range.@@@@1@41@@oe@2-2-2013
20071050@unknown@formal@none@1@S@Image has, of course, a great deal to do with what sells and what doesn't, and it can't be forced.@@@@1@20@@oe@2-2-2013
20071051@unknown@formal@none@1@S@Wine merchants can't keep Roederer Cristal in stock, but they have to push Salon le Mesnil, even lowering the price from $115 to $90.@@@@1@24@@oe@2-2-2013
20071052@unknown@formal@none@1@S@It's hardly a question of quality -- the 1982 Salon is a beautiful wine, but, as Mr. Pratt noted, people have their own ideas about value.@@@@1@26@@oe@2-2-2013
20071053@unknown@formal@none@1@S@It's interesting to find that a lot of the expensive wines aren't always walking out the door.@@@@1@17@@oe@2-2-2013
20071054@unknown@formal@none@1@S@In every major market in the U.S., for instance, you can buy '86 La Tache or Richebourg, virtually all of the first growth Bordeaux (except Petrus), as well as Opus One and Dominus from California and, at the moment, the Stag's Leap 1985 Cask 23.@@@@1@45@@oe@2-2-2013
20071055@unknown@formal@none@1@S@With the biggest wine-buying period of the year looming as the holidays approach, it will be interesting to see how the superpremiums fare.@@@@1@23@@oe@2-2-2013
20071056@unknown@formal@none@1@S@By January it should be fairly clear what's hot -- and what's not.@@@@1@13@@oe@2-2-2013
20071057@unknown@formal@none@1@S@Ms. Ensrud is a free-lance wine writer in New York.@@@@1@10@@oe@2-2-2013
20072001@unknown@formal@none@1@S@Signs of a slowing economy are increasing pressure on the Federal Reserve to cut short-term interest rates, but it isn't clear whether the central bank will do so.@@@@1@28@@oe@2-2-2013
20072002@unknown@formal@none@1@S@A survey by the Fed's 12 district banks shows economic growth has been sluggish in recent weeks, while upward pressures on prices have moderated.@@@@1@24@@oe@2-2-2013
20072003@unknown@formal@none@1@S@"The economy is clearly slowing," says Robert Black, president of the Richmond Federal Reserve Bank.@@@@1@15@@oe@2-2-2013
20072004@unknown@formal@none@1@S@"If you look at the third quarter as posting roughly 2.5% growth, I do see some slowing in the fourth quarter," agrees Kansas City Fed President Roger Guffey.@@@@1@28@@oe@2-2-2013
20072005@unknown@formal@none@1@S@Nevertheless, both Mr. Guffey and Mr. Black say the slowdown so far is no cause for concern.@@@@1@17@@oe@2-2-2013
20072006@unknown@formal@none@1@S@"We're coming closer to achieving the stated objective of slowing the economy to a point where hopefully some downward trend in prices will occur," said Mr. Guffey.@@@@1@27@@oe@2-2-2013
20072007@unknown@formal@none@1@S@Bush administration officials are looking to the Fed to bring down rates, and financial markets seem to be expecting easier credit as well.@@@@1@23@@oe@2-2-2013
20072008@unknown@formal@none@1@S@"I think the market had been expecting the Fed to ease sooner and a little more than it has to date," said Robert Johnson, vice president of global markets for Bankers Trust Co.@@@@1@33@@oe@2-2-2013
20072009@unknown@formal@none@1@S@The Fed cut the key federal funds interest rate by about 0.25 percentage point to 8.75% after the Oct. 13 stock market plunge, but has shown no sign of movement since.@@@@1@31@@oe@2-2-2013
20072010@unknown@formal@none@1@S@The report from the Fed found that manufacturing, in particular, has been weak in recent weeks.@@@@1@16@@oe@2-2-2013
20072011@unknown@formal@none@1@S@The Philadelphia Fed, for instance, reported that manufacturing activity "continues to decline" for the fourth month in a row.@@@@1@19@@oe@2-2-2013
20072012@unknown@formal@none@1@S@And in the Chicago district, the report said, "a manufacturer of capital goods noted slower orders for some types, including defense equipment, petroleum equipment, food packaging machinery and material handling equipment."@@@@1@31@@oe@2-2-2013
20072013@unknown@formal@none@1@S@Retail sales also were reported slow in most districts, particularly "for discretionary, big-ticket items such as furniture, home appliances and consumer electronics."@@@@1@22@@oe@2-2-2013
20072014@unknown@formal@none@1@S@And construction also was described as slow in most areas.@@@@1@10@@oe@2-2-2013
20072015@unknown@formal@none@1@S@Despite the economic slowdown, there are few clear signs that growth is coming to a halt.@@@@1@16@@oe@2-2-2013
20072016@unknown@formal@none@1@S@As a result, Fed officials may be divided over whether to ease credit.@@@@1@13@@oe@2-2-2013
20072017@unknown@formal@none@1@S@Several Fed governors in Washington have been pushing for easier credit; but many of the regional Fed presidents have been resisting such a move.@@@@1@24@@oe@2-2-2013
20072018@unknown@formal@none@1@S@Mr. Black said he is "pleased" with the economy's recent performance, and doesn't see "a lot of excesses out there that would tilt us into recession."@@@@1@26@@oe@2-2-2013
20072019@unknown@formal@none@1@S@"There is always a chance of recession," added Mr. Guffey, "but if you ask me to put a percentage on it, I would think it's well below a 50% chance.@@@@1@30@@oe@2-2-2013
20073001@unknown@formal@none@1@S@Integra-A Hotel & Restaurant Co. said its planned rights offering to raise about $9 million was declared effective and the company will begin mailing materials to shareholders at the end of this week.@@@@1@33@@oe@2-2-2013
20073002@unknown@formal@none@1@S@Under the offer, shareholders will receive one right for each 105 common shares owned.@@@@1@14@@oe@2-2-2013
20073003@unknown@formal@none@1@S@Each right entitles the shareholder to buy $100 face amount of 13.5% bonds due 1993 and warrants to buy 23.5 common shares at 30 cents a share.@@@@1@27@@oe@2-2-2013
20073004@unknown@formal@none@1@S@The rights, which expire Nov. 21, can be exercised for $100 each.@@@@1@12@@oe@2-2-2013
20073005@unknown@formal@none@1@S@Integra, which owns and operates hotels, said that Hallwood Group Inc. has agreed to exercise any rights that aren't exercised by other shareholders.@@@@1@23@@oe@2-2-2013
20073006@unknown@formal@none@1@S@Hallwood, a Cleveland merchant bank, owns about 11% of Integra.@@@@1@10@@oe@2-2-2013
20074001@unknown@formal@none@1@S@Copperweld Corp., a specialty steelmaker, said 445 workers at a plant in Shelby, Ohio, began a strike after the United Steelworkers Local 3057 rejected a new contract on Tuesday.@@@@1@29@@oe@2-2-2013
20074002@unknown@formal@none@1@S@The previous contract between Copperweld's Ohio Steel Tube division and the union expired at midnight Tuesday.@@@@1@16@@oe@2-2-2013
20074003@unknown@formal@none@1@S@The union vote to reject the proposed pact was 230-215.@@@@1@10@@oe@2-2-2013
20074004@unknown@formal@none@1@S@Copperweld said it doesn't expect a protracted strike.@@@@1@8@@oe@2-2-2013
20074005@unknown@formal@none@1@S@It said it has taken measures to continue shipments during the work stoppage.@@@@1@13@@oe@2-2-2013
20075001@unknown@formal@none@1@S@The Treasury said it plans to sell $30 billion in notes and bonds next week, but said the auctions will be postponed unless Congress acts quickly to lift the federal debt ceiling.@@@@1@32@@oe@2-2-2013
20075002@unknown@formal@none@1@S@Michael Basham, deputy assistant secretary for federal finance, said the Treasury may wait until late Monday or even early Tuesday to announce whether the autions are to be rescheduled.@@@@1@29@@oe@2-2-2013
20075003@unknown@formal@none@1@S@Unless it can raise money in financial markets, Mr. Basham said, the federal government won't have the cash to pay off $13.8 billion in Treasury bills that mature on Thursday.@@@@1@30@@oe@2-2-2013
20075004@unknown@formal@none@1@S@Without congressional action, the Treasury can't sell any new securities -- even savings bonds.@@@@1@14@@oe@2-2-2013
20075005@unknown@formal@none@1@S@But despite partisan bickering over the debt ceiling, which has become entangled in the fight over cutting capital-gains taxes, Congress is almost certain to act in time to avoid default.@@@@1@30@@oe@2-2-2013
20075006@unknown@formal@none@1@S@"Each day that Congress fails to act . . . will cause additional disruption in our borrowing schedule, possibly resulting in higher interest costs to the taxpayer," Treasury Secretary Nicholas Brady said in a speech prepared for delivery last night to a group of bankers.@@@@1@45@@oe@2-2-2013
20075007@unknown@formal@none@1@S@"To avoid these costs, and a possible default, immediate action is imperative."@@@@1@12@@oe@2-2-2013
20075008@unknown@formal@none@1@S@The securities to be sold next week will raise about $10 billion in cash and redeem $20 billion in maturing notes.@@@@1@21@@oe@2-2-2013
20075009@unknown@formal@none@1@S@The new securities, part of the federal government's regular quarterly refunding, will consist of:@@@@1@14@@oe@2-2-2013
20075010@unknown@formal@none@1@S@-- $10 billion of three-year notes, to be auctioned Tuesday and to mature Nov. 15, 1992.@@@@1@16@@oe@2-2-2013
20075011@unknown@formal@none@1@S@-- $10 billion of 10-year notes, to be auctioned Wednesday and to mature Nov. 15, 1999.@@@@1@16@@oe@2-2-2013
20075012@unknown@formal@none@1@S@-- $10 billion of 30-year bonds, to be auctioned Thursday and to mature Aug. 15, 2019.@@@@1@16@@oe@2-2-2013
20075013@unknown@formal@none@1@S@The Treasury also said it plans to sell $10 billion in 36-day cash management bills on Thursday.@@@@1@17@@oe@2-2-2013
20075014@unknown@formal@none@1@S@They will mature Dec. 21.@@@@1@5@@oe@2-2-2013
20075015@unknown@formal@none@1@S@None of the securities will be eligible for when-issued trading until Congress approves an increase in the debt ceiling, clearing the way for a formal offering, Mr. Basham said.@@@@1@29@@oe@2-2-2013
20075016@unknown@formal@none@1@S@The Treasury said it needs to raise $47.5 billion in the current quarter in order to end December with a $20 billion cash balance.@@@@1@24@@oe@2-2-2013
20075017@unknown@formal@none@1@S@Auctions held in October and those scheduled for next week will raise a total of $25.6 billion.@@@@1@17@@oe@2-2-2013
20075018@unknown@formal@none@1@S@The remaining $21.9 billion could be raised through the sale of short-term Treasury bills, two-year notes in November and five-year notes in early December, the Treasury said.@@@@1@27@@oe@2-2-2013
20075019@unknown@formal@none@1@S@In the first three months of 1990, the Treasury estimates that it will have to raise between $45 billion and $50 billion, assuming that it decides to aim for a $10 billion cash balance at the end of March.@@@@1@39@@oe@2-2-2013
20076001@unknown@formal@none@1@S@Lancaster Colony Corp. said it acquired Reames Foods Inc. in a cash transaction.@@@@1@13@@oe@2-2-2013
20076002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20076003@unknown@formal@none@1@S@Reames, a maker and marketer of frozen noodles and pre-cooked pasta based in Clive, Iowa, has annual sales of about $11 million, Lancaster said.@@@@1@24@@oe@2-2-2013
20077001@unknown@formal@none@1@S@Investors took advantage of Tuesday's stock rally to book some profits yesterday, leaving stocks up fractionally.@@@@1@16@@oe@2-2-2013
20077002@unknown@formal@none@1@S@Bond prices and the dollar both gained modestly.@@@@1@8@@oe@2-2-2013
20077003@unknown@formal@none@1@S@The Dow Jones Industrial Average finished less than a point higher to close at 2645.90 in moderate trading.@@@@1@18@@oe@2-2-2013
20077004@unknown@formal@none@1@S@But advancing issues on the New York Stock Exchange were tidily ahead of declining stocks, 847 to 644.@@@@1@18@@oe@2-2-2013
20077005@unknown@formal@none@1@S@Long-term bond prices rose despite prospects of a huge new supply of Treasury debt this month.@@@@1@16@@oe@2-2-2013
20077006@unknown@formal@none@1@S@Continuing demand for dollars from Japanese investors boosted the U.S. currency.@@@@1@11@@oe@2-2-2013
20077007@unknown@formal@none@1@S@Analysts were disappointed that the enthusiasm investors showed for stocks in the wake of Georgia-Pacific's $3.18 billion bid for Great Northern Nekoosa evaporated so quickly.@@@@1@25@@oe@2-2-2013
20077008@unknown@formal@none@1@S@The industrial average jumped more than 41 points Tuesday as speculators rushed to buy shares of potential takeover targets.@@@@1@19@@oe@2-2-2013
20077009@unknown@formal@none@1@S@But with the end of the year in sight, money managers are eager to take profits and cut their risks of losing what for many have been exceptionally good returns in@@@@1@31@@oe@2-2-2013
20077010@unknown@formal@none@1@S@Economic news had little effect on financial markets.@@@@1@8@@oe@2-2-2013
20077011@unknown@formal@none@1@S@As expected, a national purchasing managers' report indicated the nation's manufacturing sector continues to contract modestly.@@@@1@16@@oe@2-2-2013
20077012@unknown@formal@none@1@S@The Federal Reserve's Beige Book, a summary of economic conditions across the country, indicated that the overall economy remains in a pattern of sluggish growth.@@@@1@25@@oe@2-2-2013
20077013@unknown@formal@none@1@S@In major market activity:@@@@1@4@@oe@2-2-2013
20077014@unknown@formal@none@1@S@Stock prices rose fractionally in moderate trading.@@@@1@7@@oe@2-2-2013
20077015@unknown@formal@none@1@S@Big Board volume totaled 154.2 million shares.@@@@1@7@@oe@2-2-2013
20077016@unknown@formal@none@1@S@Bond prices were up.@@@@1@4@@oe@2-2-2013
20077017@unknown@formal@none@1@S@The Treasury's benchmark 30-year bond gained about a quarter of a point, or $2.50 for each $1,000 of face amount.@@@@1@20@@oe@2-2-2013
20077018@unknown@formal@none@1@S@The yield fell to 7.88%.@@@@1@5@@oe@2-2-2013
20077019@unknown@formal@none@1@S@The dollar rose.@@@@1@3@@oe@2-2-2013
20077020@unknown@formal@none@1@S@In late afternoon New York trading the currency was at 1.8500 marks and 143.80 yen compared with 1.8415 marks and 142.85 yen.@@@@1@22@@oe@2-2-2013
20078001@unknown@formal@none@1@S@Mitsui Mining & Smelting Co. posted a 62% rise in pretax profit to 5.276 billion yen ($36.9 million) in its fiscal first half ended Sept. 30 compared with 3.253 billion yen a year earlier.@@@@1@34@@oe@2-2-2013
20078002@unknown@formal@none@1@S@Net income more than tripled to 4.898 billion yen from 1.457 billion yen a year earlier.@@@@1@16@@oe@2-2-2013
20079001@unknown@formal@none@1@S@Eaton Corp. said it sold its Pacific Sierra Research Corp. unit to a company formed by employees of that unit.@@@@1@20@@oe@2-2-2013
20079002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20079003@unknown@formal@none@1@S@Pacific Sierra, based in Los Angeles, has about 200 employees and supplies professional services and advanced products to industry.@@@@1@19@@oe@2-2-2013
20079004@unknown@formal@none@1@S@Eaton is an automotive parts, controls and aerospace electronics concern.@@@@1@10@@oe@2-2-2013
20080001@unknown@formal@none@1@S@Investor Harold Simmons and NL Industries Inc. offered to acquire Georgia Gulf Corp. for $50 a share, or about $1.1 billion, stepping up the pressure on the commodity chemicals concern.@@@@1@30@@oe@2-2-2013
20080002@unknown@formal@none@1@S@The offer follows an earlier proposal by NL and Mr. Simmons to help Georgia Gulf restructure or go private in a transaction that would pay shareholders $55 a share.@@@@1@29@@oe@2-2-2013
20080003@unknown@formal@none@1@S@Georgia Gulf rebuffed that offer in September and said it would study other alternatives.@@@@1@14@@oe@2-2-2013
20080004@unknown@formal@none@1@S@However, it hasn't yet made any proposals to shareholders.@@@@1@9@@oe@2-2-2013
20080005@unknown@formal@none@1@S@Late yesterday, Georgia Gulf said it reviewed the NL proposal as well as interests from "third parties" regarding business combinations.@@@@1@20@@oe@2-2-2013
20080006@unknown@formal@none@1@S@Georgia Gulf said it hasn't eliminated any alternatives and that "discussions are being held with interested parties, and work is also continuing on other various transactions."@@@@1@26@@oe@2-2-2013
20080007@unknown@formal@none@1@S@It didn't elaborate.@@@@1@3@@oe@2-2-2013
20080008@unknown@formal@none@1@S@Analysts saw the latest offer as proof that Mr. Simmons, an aggressive and persistent investor, won't leave Georgia Gulf alone until some kind of transaction is completed.@@@@1@27@@oe@2-2-2013
20080009@unknown@formal@none@1@S@"He has clamped on their ankle like a pit bull," says Paul Leming, a vice president with Morgan Stanley & Co.@@@@1@21@@oe@2-2-2013
20080010@unknown@formal@none@1@S@"He appears to be in it for the long haul."@@@@1@10@@oe@2-2-2013
20080011@unknown@formal@none@1@S@Mr. Simmons and NL already own a 9.9% stake in Georgia Gulf.@@@@1@12@@oe@2-2-2013
20080012@unknown@formal@none@1@S@Mr. Simmons owns 88% of Valhi Inc., which in turn owns two-thirds of NL.@@@@1@14@@oe@2-2-2013
20080013@unknown@formal@none@1@S@NL is officially making the offer.@@@@1@6@@oe@2-2-2013
20080014@unknown@formal@none@1@S@Mr. Leming wasn't surprised by the lower price cited by NL, saying he believes that $55 a share is "the most you can pay for Georgia Gulf before it becomes a bad acquisition."@@@@1@33@@oe@2-2-2013
20080015@unknown@formal@none@1@S@Georgia Gulf stock rose $1.75 a share yesterday to close at $51.25 a share, while NL shares closed unchanged at $22.75 and Valhi rose 62.5 cents to $15, all in New York Stock Exchange composite trading.@@@@1@36@@oe@2-2-2013
20080016@unknown@formal@none@1@S@J. Landis Martin, NL president and chief executive officer, said NL and Mr. Simmons cut the price they were proposing for Georgia Gulf because they initially planned a transaction that included about $250 million in equity and a substantial amount of high-yield subordinated debt.@@@@1@44@@oe@2-2-2013
20080017@unknown@formal@none@1@S@However, the junk-bond market has collapsed in recent weeks, lessening the likelihood that such a transaction would succeed.@@@@1@18@@oe@2-2-2013
20080018@unknown@formal@none@1@S@Now, he said, the group plans to put in "several hundred million" dollars in equity and finance the remainder with bank debt.@@@@1@22@@oe@2-2-2013
20080019@unknown@formal@none@1@S@He also said that the group reduced its offer because it wasn't allowed to see Georgia Gulf's confidential financial information without agreeing that it wouldn't make an offer unless it had Georgia Gulf's consent.@@@@1@34@@oe@2-2-2013
20080020@unknown@formal@none@1@S@In a letter to Georgia Gulf President Jerry R. Satrum, Mr. Martin asked Georgia Gulf to answer its offer by Tuesday.@@@@1@21@@oe@2-2-2013
20080021@unknown@formal@none@1@S@It wasn't clear how NL and Mr. Simmons would respond if Georgia Gulf spurns them again.@@@@1@16@@oe@2-2-2013
20080022@unknown@formal@none@1@S@Mr. Martin said they haven't yet decided what their next move would be, but he didn't rule out the possibility of a consent solicitation aimed at replacing Georgia Gulf's board.@@@@1@30@@oe@2-2-2013
20080023@unknown@formal@none@1@S@In other transactions, Mr. Simmons has followed friendly offers with a hostile tender offer.@@@@1@14@@oe@2-2-2013
20080024@unknown@formal@none@1@S@Although Georgia Gulf hasn't been eager to negotiate with Mr. Simmons and NL, a specialty chemicals concern, the group apparently believes the company's management is interested in some kind of transaction.@@@@1@31@@oe@2-2-2013
20080025@unknown@formal@none@1@S@The management group owns about 18% of the stock, most purchased at nominal prices, and would stand to gain millions of dollars if the company were sold.@@@@1@27@@oe@2-2-2013
20080026@unknown@formal@none@1@S@In the third quarter, Georgia Gulf earned $46.1 million, or $1.85 a share, down from $53 million, or $1.85 a share on fewer shares outstanding.@@@@1@25@@oe@2-2-2013
20080027@unknown@formal@none@1@S@Sales fell to $251.2 million from $278.7 million.@@@@1@8@@oe@2-2-2013
20081001@unknown@formal@none@1@S@A licensing company representing the University of Pennsylvania added Johnson & Johnson to its lawsuit challenging a university faculty member over rights to Retin-A acne medicine.@@@@1@26@@oe@2-2-2013
20081002@unknown@formal@none@1@S@University Patents Inc., based in Westport, Conn., said it seeks Johnson & Johnson's profits from sales of Retin-A, estimated at $50 million, a similar amount of punitive damages and the right to license Retin-A elsewhere.@@@@1@35@@oe@2-2-2013
20081003@unknown@formal@none@1@S@In May, University Patents filed a suit in federal court in Philadelphia against Albert M. Kligman, a researcher and professor at the University of Pennsylvania School of Medicine who developed Retin-A in the 1960s to combat acne.@@@@1@37@@oe@2-2-2013
20081004@unknown@formal@none@1@S@Dr. Kligman patented the medicine while employed by the University, but later licensed the Retin-A to a division of Johnson & Johnson.@@@@1@22@@oe@2-2-2013
20081005@unknown@formal@none@1@S@In New Brunswick, N.J., a Johnson & Johnson spokesman declined comment.@@@@1@11@@oe@2-2-2013
20082001@unknown@formal@none@1@S@Criticism in the U.S. over recent Japanese acquisitions is looming ever larger in the two countries' relations.@@@@1@17@@oe@2-2-2013
20082002@unknown@formal@none@1@S@Officials from both nations say the U.S. public's skittishness about Japanese investment could color a second round of bilateral economic talks scheduled for next week in Washington.@@@@1@27@@oe@2-2-2013
20082003@unknown@formal@none@1@S@Not that Washington and Tokyo disagree on the Japanese acquisitions; indeed, each has come out in favor of unfettered investment in the U.S.@@@@1@23@@oe@2-2-2013
20082004@unknown@formal@none@1@S@Where they disagree is on the subject of U.S. direct investment in Japan.@@@@1@13@@oe@2-2-2013
20082005@unknown@formal@none@1@S@The U.S. wants the removal of what it perceives as barriers to investment; Japan denies there are real barriers.@@@@1@19@@oe@2-2-2013
20082006@unknown@formal@none@1@S@The heated talk stirred up by recent Japanese investments in the U.S. is focusing attention on the differences in investment climate, even though it's only one of many subjects to be covered in the bilateral talks, known as the Structural Impediments Initiative.@@@@1@42@@oe@2-2-2013
20082007@unknown@formal@none@1@S@The Japanese "should see this rhetoric as a signal of the need for a change in their own economy," says Charles Dallara, U.S. assistant Treasury secretary, who has been in Tokyo this week informally discussing the impending negotiations with government and business leaders.@@@@1@43@@oe@2-2-2013
20082008@unknown@formal@none@1@S@"We have a long history of maintaining an open direct-investment policy," Mr. Dallara says.@@@@1@14@@oe@2-2-2013
20082009@unknown@formal@none@1@S@"U.S. investors should have a greater opportunity at direct investment" in Japan.@@@@1@12@@oe@2-2-2013
20082010@unknown@formal@none@1@S@The Japanese fret openly about the U.S. public's rancor.@@@@1@9@@oe@2-2-2013
20082011@unknown@formal@none@1@S@One clear sign of Japan's nervousness came this week, when a spokesman for Japan's Foreign Ministry devoted nearly all of a regular, half-hour briefing for foreign journalists to the subject of recent Japanese investments in the U.S.@@@@1@37@@oe@2-2-2013
20082012@unknown@formal@none@1@S@"We believe that it is vitally important for those Japanese business interests {in the U.S.} to be more aware of the emotions and concerns of the American people," said the spokesman, Taizo Watanabe.@@@@1@33@@oe@2-2-2013
20082013@unknown@formal@none@1@S@At the same time, though, he chastised the media for paying such close attention to Japanese investment when other foreign countries, notably Britain, are acquiring more American assets.@@@@1@28@@oe@2-2-2013
20082014@unknown@formal@none@1@S@Fears that Japanese investors are buying up America have escalated sharply in the past several weeks, with Sony Corp.'s purchase of Columbia Pictures Entertainment Inc. from Coca-Cola Co. and Mitsubishi Estate Co.'s acquisition of a 51% holding in Rockefeller Group, the owner of some of midtown Manhattan's most exclusive real estate.@@@@1@51@@oe@2-2-2013
20082015@unknown@formal@none@1@S@Even before those moves added fuel, the fires of discontent had been well stoked by the highly publicized experience in Japan of one U.S. investor, T. Boone Pickens Jr.@@@@1@29@@oe@2-2-2013
20082016@unknown@formal@none@1@S@The Texas oilman has acquired a 26.2% stake valued at more than $1.2 billion in an automotive-lighting company, Koito Manufacturing Co.@@@@1@21@@oe@2-2-2013
20082017@unknown@formal@none@1@S@But he has failed to gain any influence at the company.@@@@1@11@@oe@2-2-2013
20082018@unknown@formal@none@1@S@Koito has refused to grant Mr. Pickens seats on its board, asserting he is a greenmailer trying to pressure Koito's other shareholders into buying him out at a profit.@@@@1@29@@oe@2-2-2013
20082019@unknown@formal@none@1@S@Mr. Pickens made considerable political hay with his troubles in Japan.@@@@1@11@@oe@2-2-2013
20082020@unknown@formal@none@1@S@The Senate Finance Committee, chaired by a fellow Texan, Democratic Sen. Lloyd Bentsen, last month urged U.S. Trade Representative Carla Hills to use Mr. Pickens's experience in talks with Tokyo "to highlight this problem facing Americans who seek access to the Japanese capital markets."@@@@1@44@@oe@2-2-2013
20082021@unknown@formal@none@1@S@While Mr. Dallara and Japanese officials say the question of investors' access to the U.S. and Japanese markets may get a disproportionate share of the public's attention, a number of other important economic issues will be on the table at next week's talks.@@@@1@43@@oe@2-2-2013
20082022@unknown@formal@none@1@S@Among them are differences in savings and investment rates, corporate structures and management, and government spending.@@@@1@16@@oe@2-2-2013
20082023@unknown@formal@none@1@S@Each side has a litany of recommendations for the other.@@@@1@10@@oe@2-2-2013
20082024@unknown@formal@none@1@S@The U.S. says it is anxious for results.@@@@1@8@@oe@2-2-2013
20082025@unknown@formal@none@1@S@"We feel very strongly that we really need action across the full range of issues we've identified, and we need it by next spring," Mr. Dallara says.@@@@1@27@@oe@2-2-2013
20082026@unknown@formal@none@1@S@Both sides have agreed that the talks will be most successful if negotiators start by focusing on the areas that can be most easily changed.@@@@1@25@@oe@2-2-2013
20082027@unknown@formal@none@1@S@But they haven't clarified what those might be.@@@@1@8@@oe@2-2-2013
20082028@unknown@formal@none@1@S@After the first set of meetings two months ago, some U.S. officials complained that Japan hadn't come up with specific changes it was prepared to make.@@@@1@26@@oe@2-2-2013
20082029@unknown@formal@none@1@S@The Japanese retort that the first round was too early to make concessions.@@@@1@13@@oe@2-2-2013
20082030@unknown@formal@none@1@S@"Just to say the distribution system is wrong doesn't mean anything," says a Ministry of International Trade and Industry official.@@@@1@20@@oe@2-2-2013
20082031@unknown@formal@none@1@S@"We need to clarify what exactly is wrong with it."@@@@1@10@@oe@2-2-2013
20082032@unknown@formal@none@1@S@That process of sorting out specifics is likely to take time, the Japanese say, no matter how badly the U.S. wants quick results.@@@@1@23@@oe@2-2-2013
20082033@unknown@formal@none@1@S@For instance, at the first meeting the two sides couldn't even agree on basic data used in price discussions.@@@@1@19@@oe@2-2-2013
20082034@unknown@formal@none@1@S@Since then, a team of about 15 MITI and U.S. Commerce Department officials have crossed the globe gauging consumer prices.@@@@1@20@@oe@2-2-2013
20082035@unknown@formal@none@1@S@By Monday, they hope to have a sheaf of documents both sides can trust.@@@@1@14@@oe@2-2-2013
20082036@unknown@formal@none@1@S@"Little by little, there is progress," says the MITI official.@@@@1@10@@oe@2-2-2013
20082037@unknown@formal@none@1@S@"Both sides are taking action."@@@@1@5@@oe@2-2-2013
20082038@unknown@formal@none@1@S@Elisabeth Rubinfien contributed to this article.@@@@1@6@@oe@2-2-2013
20083001@unknown@formal@none@1@S@While worry grows about big Japanese investments in the U.S., Japan's big trading companies are rapidly increasing their stake in America's smaller business.@@@@1@23@@oe@2-2-2013
20083002@unknown@formal@none@1@S@For Japan, the controversial trend improves access to American markets and technology.@@@@1@12@@oe@2-2-2013
20083003@unknown@formal@none@1@S@But for small American companies, it also provides a growing source of capital and even marketing help.@@@@1@17@@oe@2-2-2013
20083004@unknown@formal@none@1@S@Take the deal with Candela Laser Corp., a Wayland, Mass., manufacturer of high-tech medical devices, which three years ago set its sights on Japan as an export market.@@@@1@28@@oe@2-2-2013
20083005@unknown@formal@none@1@S@Partly to help clear the myriad obstacles facing any overseas company trying to penetrate Japan, tiny Candela turned to Mitsui & Co., one of Japan's largest trading companies, for investment.@@@@1@30@@oe@2-2-2013
20083006@unknown@formal@none@1@S@In a joint-venture deal, Mitsui guided Candela through Tokyo's bureaucratic maze.@@@@1@11@@oe@2-2-2013
20083007@unknown@formal@none@1@S@It eventually secured Ministry of Health import approval for two Candela laser products -- one that breaks up kidney stones and another that treats skin lesions.@@@@1@26@@oe@2-2-2013
20083008@unknown@formal@none@1@S@At last count, Candela had sold $4 million of its medical devices in Japan.@@@@1@14@@oe@2-2-2013
20083009@unknown@formal@none@1@S@The deal also gave Mitsui access to a high-tech medical product.@@@@1@11@@oe@2-2-2013
20083010@unknown@formal@none@1@S@"They view this as a growth area so they went about it with a systematic approach," says Richard Olsen, a Candela vice president.@@@@1@23@@oe@2-2-2013
20083011@unknown@formal@none@1@S@Indeed, for many Japanese trading companies, the favorite U.S. small business is one whose research and development can be milked for future Japanese use.@@@@1@24@@oe@2-2-2013
20083012@unknown@formal@none@1@S@The Japanese companies bankroll many small U.S. companies with promising products or ideas, frequently putting their money behind projects that commercial banks won't touch.@@@@1@24@@oe@2-2-2013
20083013@unknown@formal@none@1@S@Japanese companies have financed small and medium-sized U.S. firms for years, but in recent months, the pace has taken off.@@@@1@20@@oe@2-2-2013
20083014@unknown@formal@none@1@S@In the first half of 1989 alone, Japanese corporations invested $214 million in minority positions in U.S. companies, a 61% rise from the figure for all of 1987, reports Venture Economics Inc.@@@@1@32@@oe@2-2-2013
20083015@unknown@formal@none@1@S@The Needham, Mass., concern tracks investments in new businesses.@@@@1@9@@oe@2-2-2013
20083016@unknown@formal@none@1@S@In addition, of course, some of the Japanese investments involved outright purchase of small U.S. firms.@@@@1@16@@oe@2-2-2013
20083017@unknown@formal@none@1@S@Heightened Japanese interest in American small business parallels an acceleration of investments giving Japanese companies control of large, highly visible U.S. corporations, such as Columbia Pictures Entertainment Inc.@@@@1@28@@oe@2-2-2013
20083018@unknown@formal@none@1@S@Only this week, it was announced that Mitsubishi Estate Co. had acquired a 51% stake in Rockefeller Group, which owns New York's prestigious Rockefeller Center.@@@@1@25@@oe@2-2-2013
20083019@unknown@formal@none@1@S@While the small deals are far less conspicuous, they add to Japanese penetration of the U.S. market.@@@@1@17@@oe@2-2-2013
20083020@unknown@formal@none@1@S@As the deals also improve Japanese access to American technology and market knowledge, they feed American anxieties in this area, too.@@@@1@21@@oe@2-2-2013
20083021@unknown@formal@none@1@S@Even a low-tech product like plate glass can catch a trading company's fancy if there's a strategic fit.@@@@1@18@@oe@2-2-2013
20083022@unknown@formal@none@1@S@Free State Glass Industries of Warrenton, Va., a small fabricator of architectural glass, was foundering under its original management.@@@@1@19@@oe@2-2-2013
20083023@unknown@formal@none@1@S@Last year, Mitsubishi International Corp., the New York-based arm of Mitsubishi Corp., bought controlling interest in the glass company in a joint venture with Ronald Bodner, a glass industry executive and Mitsubishi consultant.@@@@1@33@@oe@2-2-2013
20083024@unknown@formal@none@1@S@The deal is chiefly designed to give Mitsubishi a window on the U.S. glass industry, says Ichiro Wakui, an executive in Mitsubishi's general merchandise department in New York.@@@@1@28@@oe@2-2-2013
20083025@unknown@formal@none@1@S@"It's not just a simple investment in a small company," Mr. Wakui says.@@@@1@13@@oe@2-2-2013
20083026@unknown@formal@none@1@S@"We want to see the glass market from the inside, not the outside."@@@@1@13@@oe@2-2-2013
20083027@unknown@formal@none@1@S@Mitsubishi's investment in Free State is "very small . . . less than $4 million," Mr. Wakui says.@@@@1@18@@oe@2-2-2013
20083028@unknown@formal@none@1@S@Mr. Bodner declines to comment on the arrangement.@@@@1@8@@oe@2-2-2013
20083029@unknown@formal@none@1@S@Trading companies such as Mitsubishi, Mitsui, C. Itoh & Co. and Nissho-Iwai Corp., which make many of the Japanese investments in small U.S. concerns, have no U.S. counterpart.@@@@1@28@@oe@2-2-2013
20083030@unknown@formal@none@1@S@These vertically integrated combines, some of which got their start in Japan's feudal period, deal globally in commodities, construction and manufacturing.@@@@1@21@@oe@2-2-2013
20083031@unknown@formal@none@1@S@They operate ships and banks.@@@@1@5@@oe@2-2-2013
20083032@unknown@formal@none@1@S@"All the "sogo-shosha" are looking for new business," says Arthur Klauser, adviser to the president of Mitsui, U.S.A., using the Japanese term for the largest of the global trading houses.@@@@1@30@@oe@2-2-2013
20083033@unknown@formal@none@1@S@Adds Takeshi Kondo, senior vice president of C. Itoh America Inc.: "We have a great interest in making investments, particularly in new ventures."@@@@1@23@@oe@2-2-2013
20083034@unknown@formal@none@1@S@A host of electronics firms in California's Silicon Valley were financed with trading-company venture capital.@@@@1@15@@oe@2-2-2013
20083035@unknown@formal@none@1@S@Profit, at least in the short term, is usually a secondary goal.@@@@1@12@@oe@2-2-2013
20083036@unknown@formal@none@1@S@"Strategic objectives, not financial return, drive many of the deals," says a Venture Economics spokesman.@@@@1@15@@oe@2-2-2013
20083037@unknown@formal@none@1@S@In investing on the basis of future transactions, a role often performed by merchant banks, trading companies can cut through the logjam that small-company owners often face with their local commercial banks.@@@@1@32@@oe@2-2-2013
20083038@unknown@formal@none@1@S@"It's the classic problem of the small businessman," says Malcolm Davies, managing director of Trading Alliance Corp. of New York.@@@@1@20@@oe@2-2-2013
20083039@unknown@formal@none@1@S@"People are queuing at the door to take his product but he doesn't have the working capital to make the thing and commercial banks are very unsympathetic.@@@@1@27@@oe@2-2-2013
20083040@unknown@formal@none@1@S@They want assets, they want a balance sheet, which has no relation to the business a company can generate."@@@@1@19@@oe@2-2-2013
20083041@unknown@formal@none@1@S@Adds Mitsui's Mr. Klauser: "Unlike corporations in this country, trading companies aren't so much interested in a high return on investment as they are on increasing trade flows.@@@@1@28@@oe@2-2-2013
20083042@unknown@formal@none@1@S@To the extent they can do this, they're quite content to get a return on investment of 1% to 2%."@@@@1@20@@oe@2-2-2013
20083043@unknown@formal@none@1@S@Mr. Klauser says Mitsui has 75 U.S. subsidiaries in which it holds 35% interest or more and the trading company hopes to double the number of its U.S. affiliates in 1990.@@@@1@31@@oe@2-2-2013
20083044@unknown@formal@none@1@S@Sales by these subsidiaries in the fiscal year ending last March were more than $17 billion.@@@@1@16@@oe@2-2-2013
20083045@unknown@formal@none@1@S@A 1% to 2% return on $17 billion "ain't hay," Mr. Klauser says.@@@@1@13@@oe@2-2-2013
20084001@unknown@formal@none@1@S@Hudson General Corp.'s president and chief executive officer, Alan J. Stearn, resigned.@@@@1@12@@oe@2-2-2013
20084002@unknown@formal@none@1@S@Mr. Stearn, 46 years old, couldn't be reached for comment.@@@@1@10@@oe@2-2-2013
20084003@unknown@formal@none@1@S@A company spokesman declined to elaborate on the departure.@@@@1@9@@oe@2-2-2013
20084004@unknown@formal@none@1@S@Hudson General, which provides maintenance, fueling and other services to airlines and airports, reported a loss for its most recent fiscal year and last month omitted the semiannual dividend on its common shares.@@@@1@33@@oe@2-2-2013
20084005@unknown@formal@none@1@S@Mr. Stearn, who had been with the company more than 20 years and had been president since 1984, will act as a consultant to Hudson General.@@@@1@26@@oe@2-2-2013
20084006@unknown@formal@none@1@S@His duties as chief executive will be assumed by Chairman Jay B. Langner.@@@@1@13@@oe@2-2-2013
20085001@unknown@formal@none@1@S@For 10 years, Genie Driskill went to her neighborhood bank because it was convenient.@@@@1@14@@oe@2-2-2013