20128040@unknown@formal@none@1@S@The firm's capital, moreover, hasn't grown at the same rate as in the past, officials at these firms say.@@@@1@19@@oe@2-2-2013
20128041@unknown@formal@none@1@S@Drexel remains confident of its future creditworthiness.@@@@1@7@@oe@2-2-2013
20128042@unknown@formal@none@1@S@"We're well positioned with $1.7 billion of capital," a Drexel spokesman said.@@@@1@12@@oe@2-2-2013
20128043@unknown@formal@none@1@S@"And as a leading investment and merchant banking firm, the fact that we are no longer subject to the uncertainties and vicissitudes of the retail business is a major plus in our view.@@@@1@33@@oe@2-2-2013
20128044@unknown@formal@none@1@S@Moreover, we've probably been the most aggressive firm on the Street in reducing costs, which are down around 40% over the last six months.@@@@1@24@@oe@2-2-2013
20129001@unknown@formal@none@1@S@Lewis C. Veraldi, the father of the team that created the highly successful Ford Taurus and Mercury Sable cars, retired early after experiencing recent heart problems.@@@@1@26@@oe@2-2-2013
20129002@unknown@formal@none@1@S@Most recently, Mr. Veraldi, 59 years old, has been vice president of product and manufacturing engineering at Ford Motor Co.@@@@1@20@@oe@2-2-2013
20129003@unknown@formal@none@1@S@But he is best known in the auto industry as the creator of a team car-development approach that produced the two midsized cars that were instrumental in helping the No. 2 auto maker record profits in recent years and in enabling the company's Ford division to eclipse General Motors Corp.'s Chevrolet division as the top-selling nameplate in the U.S.@@@@1@59@@oe@2-2-2013
20129004@unknown@formal@none@1@S@Under the so-called Team Taurus approach, Mr. Veraldi and other Ford product planners sought the involvement of parts suppliers, assembly-line workers, auto designers and financial staff members from the initial stages of the development cycle.@@@@1@35@@oe@2-2-2013
20129005@unknown@formal@none@1@S@The concept's goal was to eliminate bureaucracy and make Ford's product development more responsive to consumer demands.@@@@1@17@@oe@2-2-2013
20129006@unknown@formal@none@1@S@It was later applied to other new-car programs, including those that produced the Ford Thunderbird and Mercury Cougar.@@@@1@18@@oe@2-2-2013
20129007@unknown@formal@none@1@S@Ford Chairman Donald E. Petersen said yesterday that Mr. Veraldi has "helped to change the world's perception of American-made cars."@@@@1@20@@oe@2-2-2013
20129008@unknown@formal@none@1@S@Mr. Veraldi worked at Ford for 40 years, holding a variety of car and parts-engineering positions.@@@@1@16@@oe@2-2-2013
20130001@unknown@formal@none@1@S@The limits to legal absurdity stretched another notch this week when the Supreme Court refused to hear an appeal from a case that says corporate defendants must pay damages even after proving that they could not possibly have caused the harm.@@@@1@41@@oe@2-2-2013
20130002@unknown@formal@none@1@S@We can understand and share the compassion that makes judges sometimes wish to offer a kind of Solomonic aid to those who've been hurt.@@@@1@24@@oe@2-2-2013
20130003@unknown@formal@none@1@S@But this case is a stark lesson in how the failures of the traditional policy-making process have left the courts as the only forum this country has to debate risk, technology and innovation.@@@@1@33@@oe@2-2-2013
20130004@unknown@formal@none@1@S@Too often now, a single court decision becomes the precedent for other, less compelling cases.@@@@1@15@@oe@2-2-2013
20130005@unknown@formal@none@1@S@From the 1940s until 1971, some two million women took the synthetic hormone diethylstilbestrol (DES) to prevent miscarriages and morning sickness.@@@@1@21@@oe@2-2-2013
20130006@unknown@formal@none@1@S@The drug was approved by the Food and Drug Administration and marketed by some 300 pharmaceutical companies, often under generic labels.@@@@1@21@@oe@2-2-2013
20130007@unknown@formal@none@1@S@In the 1970s, scientists reported cancer cases among the daughters of DES users.@@@@1@13@@oe@2-2-2013
20130008@unknown@formal@none@1@S@The cases quickly went to court, but the mothers of several thousand DES plaintiffs couldn't recall whose brand they used.@@@@1@20@@oe@2-2-2013
20130009@unknown@formal@none@1@S@Beginning in 1980, courts in several states including California and New York decided to suspend the common-law rule that plaintiffs must prove that the defendants are the ones who are liable.@@@@1@31@@oe@2-2-2013
20130010@unknown@formal@none@1@S@Courts made the assumption that all DES pills were essentially the same, and created a market-share test so that damages would be assessed against drug makers in the proportion of their share of the original sales.@@@@1@36@@oe@2-2-2013
20130011@unknown@formal@none@1@S@This has some logic.@@@@1@4@@oe@2-2-2013
20130012@unknown@formal@none@1@S@Drug makers shouldn't be able to duck liability because people couldn't identify precisely which identical drug was used.@@@@1@18@@oe@2-2-2013
20130013@unknown@formal@none@1@S@But courts quickly tumbled down a slippery slope.@@@@1@8@@oe@2-2-2013
20130014@unknown@formal@none@1@S@Just as all plaintiffs are not alike, it turns out that DES defendants marketed the drugs differently and may have offered different warranties.@@@@1@23@@oe@2-2-2013
20130015@unknown@formal@none@1@S@The ultimate result came in Hymowitz v. Lilly, where the highest New York court expanded the market-share approach for the first time to say that drug makers that could prove Mindy Hymowitz's mother didn't use their pill must still pay their share of any damages.@@@@1@45@@oe@2-2-2013
20130016@unknown@formal@none@1@S@But as Duke University law professor William Van Alstyne notes, by this reasoning a defendant could be held liable in New York for a bad apple even if he sold all his apples in California.@@@@1@35@@oe@2-2-2013
20130017@unknown@formal@none@1@S@Despite the Supreme Court's refusal to hear the case, there are serious constitutional issues of due process and uncompensated takings from the defendants.@@@@1@23@@oe@2-2-2013
20130018@unknown@formal@none@1@S@The big problem, however, is that there's no guarantee that this reasoning will be limited to DES or to drugs.@@@@1@20@@oe@2-2-2013
20130019@unknown@formal@none@1@S@The problem here goes well beyond twisting legal doctrine.@@@@1@9@@oe@2-2-2013
20130020@unknown@formal@none@1@S@The California Supreme Court last year reversed direction to make it much harder to win DES cases because the justices saw how all the pharmaceutical litigation has chilled the introduction of new drugs.@@@@1@33@@oe@2-2-2013
20130021@unknown@formal@none@1@S@The court rejected strict liability for prescription drugs, citing the huge, hidden social costs.@@@@1@14@@oe@2-2-2013
20130022@unknown@formal@none@1@S@"Public policy favors the development and marketing of beneficial new drugs, even though some risks, perhaps serious ones, might accompany their introduction because drugs can save lives and reduce pain and suffering," the unanimous court said.@@@@1@36@@oe@2-2-2013
20130023@unknown@formal@none@1@S@The California justices noted that the fear of litigation already forced the only remaining anti-morning-sickness drug, Bendectin, off the U.S. market.@@@@1@21@@oe@2-2-2013
20130024@unknown@formal@none@1@S@This raises the key issue: What to do about people who suffer serious injuries from beneficial drugs?@@@@1@17@@oe@2-2-2013
20130025@unknown@formal@none@1@S@We now know that holding drug makers liable where there's no evidence that they or anyone else knew of any risks only means the drugs won't be available to anyone.@@@@1@30@@oe@2-2-2013
20130026@unknown@formal@none@1@S@As liability expert Peter Huber tells us, after the Hymowitz case, if any drug maker introduces an anti-miscarriage drug "it's time to sell that company's stock short."@@@@1@27@@oe@2-2-2013
20130027@unknown@formal@none@1@S@We also know that the tort system is a lousy way to compensate victims anyway; some win the legal lottery, others get much less and contingency-fee lawyers take a big cut either way.@@@@1@33@@oe@2-2-2013
20130028@unknown@formal@none@1@S@DES daughters and other victims of drugs would be better off if their cases were taken out of the courts.@@@@1@20@@oe@2-2-2013
20130029@unknown@formal@none@1@S@Congress could create a compensation program to help such victims while protecting the national interest in encouraging new drugs.@@@@1@19@@oe@2-2-2013
20130030@unknown@formal@none@1@S@But a 1986 law that supposedly replaced lawsuits over children's vaccines with a compensation fund has predictably led to even more litigation.@@@@1@22@@oe@2-2-2013
20130031@unknown@formal@none@1@S@Everyone by now understands that Congress is utterly incapable of writing legislation to help deserving people without its becoming some billion-dollar morass.@@@@1@22@@oe@2-2-2013
20130032@unknown@formal@none@1@S@We have no doubt this is one reason judges in New York and justices on the Supreme Court are willing to trash the law in the DES cases.@@@@1@28@@oe@2-2-2013
20130033@unknown@formal@none@1@S@They must figure that justice has to get done by somebody, but know it won't be done by Congress.@@@@1@19@@oe@2-2-2013
20131001@unknown@formal@none@1@S@Odyssey Partners Limited Partnership, an investment firm, completed the purchase of May Department Stores Co.'s Caldor discount chain for $500 million plus the assumption of $52 million in debt.@@@@1@29@@oe@2-2-2013
20131002@unknown@formal@none@1@S@Caldor, based in Norwalk, Conn., operates 118 stores in the Northeast; it reported revenue of $1.6 billion last year.@@@@1@19@@oe@2-2-2013
20131003@unknown@formal@none@1@S@May Stores, St. Louis, runs such well-known department stores as Lord & Taylor.@@@@1@13@@oe@2-2-2013
20132001@unknown@formal@none@1@S@N.V. DSM said net income in the third quarter jumped 63% as the company had substantially lower extraordinary charges to account for a restructuring program.@@@@1@25@@oe@2-2-2013
20132002@unknown@formal@none@1@S@The Dutch chemical group said net income gained to 235 million guilders ($113.2 million), or 6.70 guilders a share, from 144 million guilders, or 4.10 guilders a share, a year ago.@@@@1@31@@oe@2-2-2013
20132003@unknown@formal@none@1@S@The 32% state-owned DSM had eight million guilders of extraordinary charges in the latest quarter, mainly to reflect one-time losses in connection with the disposal of some operations.@@@@1@28@@oe@2-2-2013
20132004@unknown@formal@none@1@S@The charges were offset in part by a gain from the sale of the company's construction division.@@@@1@17@@oe@2-2-2013
20132005@unknown@formal@none@1@S@Last year, DSM had 71 million guilders of extraordinary charges for the restructuring program and other transactions.@@@@1@17@@oe@2-2-2013
20132006@unknown@formal@none@1@S@The earnings growth also was fueled by the company's ability to cut net financing spending by half to around 15 million guilders.@@@@1@22@@oe@2-2-2013
20132007@unknown@formal@none@1@S@Also, substantially lower Dutch corporate tax rates helped the company keep its tax outlay flat relative to earnings growth, the company added.@@@@1@22@@oe@2-2-2013
20132008@unknown@formal@none@1@S@Sales, however, were little changed at 2.46 billion guilders, compared with 2.42 billion guilders.@@@@1@14@@oe@2-2-2013
20133001@unknown@formal@none@1@S@Allergan Inc. said it received Food and Drug Administration approval to sell the PhacoFlex intraocular lens, the first foldable silicone lens available for cataract surgery.@@@@1@25@@oe@2-2-2013
20133002@unknown@formal@none@1@S@The len's foldability enables it to be inserted in smaller incisions than are now possible for cataract surgery, the eye care and skin care concern said.@@@@1@26@@oe@2-2-2013
20133003@unknown@formal@none@1@S@Cataracts refer to a clouding of the eye's natural lens.@@@@1@10@@oe@2-2-2013
20134001@unknown@formal@none@1@S@A man from the Bush administration came before the House Agriculture Committee yesterday to talk about the U.S.'s intention to send some $100 million in food aid to Poland, with more to come from the EC.@@@@1@36@@oe@2-2-2013
20134002@unknown@formal@none@1@S@The committee's members are worried what all this free food might do to the economic prospects of Poland's own farmers.@@@@1@20@@oe@2-2-2013
20134003@unknown@formal@none@1@S@Rep. Gary Ackerman noted that past food aid had harmed farmers in El Salvador and Egypt.@@@@1@16@@oe@2-2-2013
20134004@unknown@formal@none@1@S@However well intentioned, food transfers have the habit of growing larger and wrecking the market incentives for the recipient country's own farmers.@@@@1@22@@oe@2-2-2013
20134005@unknown@formal@none@1@S@The First World has for some time had the bad habit of smothering other people's economies with this kind of unfocused kindness.@@@@1@22@@oe@2-2-2013
20134006@unknown@formal@none@1@S@It should be constantly stressed that Poland's farmers mostly need a real market for their products.@@@@1@16@@oe@2-2-2013
20135001@unknown@formal@none@1@S@Elco Industries Inc. said it expects net income in the year ending June 30, 1990, to fall below a recent analyst's estimate of $1.65 a share.@@@@1@26@@oe@2-2-2013
20135002@unknown@formal@none@1@S@The Rockford, Ill., maker of fasteners also said it expects to post sales in the current fiscal year that are "slightly above" fiscal 1989 sales of $155 million.@@@@1@28@@oe@2-2-2013
20135003@unknown@formal@none@1@S@The company said its industrial unit continues to face margin pressures and lower demand.@@@@1@14@@oe@2-2-2013
20135004@unknown@formal@none@1@S@In fiscal 1989, Elco earned $7.8 million, or $1.65 a share.@@@@1@11@@oe@2-2-2013
20135005@unknown@formal@none@1@S@The company's stock fell $1.125 to $13.625 in over-the-counter trading yesterday.@@@@1@11@@oe@2-2-2013
20136001@unknown@formal@none@1@S@Oshkosh Truck Corp., Oshkosh, Wis., estimated earnings for its fourth quarter ended Sept. 30 fell 50% to 75% below the year-earlier $4.5 million, or 51 cents a share.@@@@1@28@@oe@2-2-2013
20136002@unknown@formal@none@1@S@The truck maker said the significant drop in net income will result in lower earnings for the fiscal year.@@@@1@19@@oe@2-2-2013
20136003@unknown@formal@none@1@S@In fiscal 1988, the company earned $17.3 million, or $1.92 a share, on revenue of $352.9 million.@@@@1@17@@oe@2-2-2013
20136004@unknown@formal@none@1@S@Oshkosh Truck attributed the downturn in its earnings to higher start-up costs of its new chassis division, a softer motor-home market and higher administrative costs of compliance with government contractor regulations.@@@@1@31@@oe@2-2-2013
20136005@unknown@formal@none@1@S@The company said it is in the process of phasing out John Deere, its current source of production for midsized motor home chassis.@@@@1@23@@oe@2-2-2013
20136006@unknown@formal@none@1@S@In anticipation of the start-up of its new factory, the company said a larger-than-normal chassis supply has been built to carry it through the transition period.@@@@1@26@@oe@2-2-2013
20137001@unknown@formal@none@1@S@Tokyo stocks edged up Wednesday in relatively active but unfocused trading.@@@@1@11@@oe@2-2-2013
20137002@unknown@formal@none@1@S@London shares finished moderately higher.@@@@1@5@@oe@2-2-2013
20137003@unknown@formal@none@1@S@At Tokyo, the Nikkei index of 225 selected issues, which gained 132 points Tuesday, added 14.99 points to 35564.43.@@@@1@19@@oe@2-2-2013
20137004@unknown@formal@none@1@S@In early trading in Tokyo Thursday, the Nikkei index fell 63.79 points to 35500.64.@@@@1@14@@oe@2-2-2013
20137005@unknown@formal@none@1@S@Wednesday's volume on the First Section was estimated at 900 million shares, in line with Tuesday's 909 million.@@@@1@18@@oe@2-2-2013
20137006@unknown@formal@none@1@S@Declining issues slightly outnumbered advancing issues, 454 to 451.@@@@1@9@@oe@2-2-2013
20137007@unknown@formal@none@1@S@Investors switched trading focus quickly as they did Tuesday, reflecting uncertainty about long-term commitments to any issue or sector, traders said.@@@@1@21@@oe@2-2-2013
20137008@unknown@formal@none@1@S@Speculation, on the other hand, sparked buying in certain incentive-backed issues, though rumors underlying such shares eventually proved untrue.@@@@1@19@@oe@2-2-2013
20137009@unknown@formal@none@1@S@The development, traders said, showed that there is more than ample liquidity available for investment despite the market's recent directionless trend.@@@@1@21@@oe@2-2-2013
20137010@unknown@formal@none@1@S@Dealers led the market Wednesday by actively trading for their own accounts, observers said.@@@@1@14@@oe@2-2-2013
20137011@unknown@formal@none@1@S@Institutions mostly remained on the sidelines because of uncertainty regarding interest rates and the dollar.@@@@1@15@@oe@2-2-2013
20137012@unknown@formal@none@1@S@The Tokyo Stock Price Index (Topix) of all issues listed in the First Section, which gained 16.05 points Tuesday, was down 1.46 points, or 0.05%, at 2691.19.@@@@1@27@@oe@2-2-2013
20137013@unknown@formal@none@1@S@The Second Section index, which added 6.84 points Tuesday, was up 5.92 points, or 0.16%, to close at 3648.82.@@@@1@19@@oe@2-2-2013
20137014@unknown@formal@none@1@S@Volume in the second section was estimated at 18 million shares, up from 14 million Tuesday.@@@@1@16@@oe@2-2-2013
20137015@unknown@formal@none@1@S@Akio Yamamoto, managing director of Nomura Investment Trust Management, said that if the U.S. federal funds rate declines to around 8.5%, institutions would acquire a clearer idea regarding the direction of the market and thus more comfortably participate in active buying.@@@@1@41@@oe@2-2-2013
20137016@unknown@formal@none@1@S@Tokyu Group, Mitsubishi Estate and Bridgestone/Firestone, which advanced Tuesday, declined on profit-taking.@@@@1@12@@oe@2-2-2013
20137017@unknown@formal@none@1@S@Wednesday's dominant issue was Yasuda Fire & Marine Insurance, which continued to surge on rumors of speculative buying.@@@@1@18@@oe@2-2-2013
20137018@unknown@formal@none@1@S@It ended the day up 80 yen (56 cents) to 1,880 yen ($13.15).@@@@1@13@@oe@2-2-2013
20137019@unknown@formal@none@1@S@Due to continuingly high gold prices tied to uncertainty about the U.S. currency, investor interest was directed toward oil and mining shares, which traders called a "defensive" action frequently taken when the dollar is expected to fall or during times of inflation.@@@@1@42@@oe@2-2-2013
20137020@unknown@formal@none@1@S@Teikoku Oil, also stimulated by rumors of speculative buying, advanced 100 yen to 1,460.@@@@1@14@@oe@2-2-2013
20137021@unknown@formal@none@1@S@Showa Shell gained 20 to 1,570 and Mitsubishi Oil rose 50 to 1,500.@@@@1@13@@oe@2-2-2013
20137022@unknown@formal@none@1@S@Sumitomo Metal Mining fell five yen to 692 and Nippon Mining added 15 to 960.@@@@1@15@@oe@2-2-2013
20137023@unknown@formal@none@1@S@Among other winners Wednesday was Nippon Shokubai, which was up 80 at 2,410.@@@@1@13@@oe@2-2-2013
20137024@unknown@formal@none@1@S@Marubeni advanced 11 to 890.@@@@1@5@@oe@2-2-2013
20137025@unknown@formal@none@1@S@London share prices were bolstered largely by continued gains on Wall Street and technical factors affecting demand for London's blue-chip stocks.@@@@1@21@@oe@2-2-2013
20137026@unknown@formal@none@1@S@The Financial Times-Stock Exchange 100-share index closed 17.5 points higher at 2160.1.@@@@1@12@@oe@2-2-2013
20137027@unknown@formal@none@1@S@It rose largely throughout the session after posting an intraday low of 2141.7 in the first 40 minutes of trading.@@@@1@20@@oe@2-2-2013
20137028@unknown@formal@none@1@S@The index ended the day near its session high of 2163.2, which was posted within the last half-hour of trading.@@@@1@20@@oe@2-2-2013
20137029@unknown@formal@none@1@S@Dealers said most investor interest was focused on defensive blue-chip stocks, particularly those with limited U.K. exposure.@@@@1@17@@oe@2-2-2013
20137030@unknown@formal@none@1@S@Also, several key blue chips were pushed higher in thin volume because of a technical squeeze among market makers.@@@@1@19@@oe@2-2-2013
20137031@unknown@formal@none@1@S@Sterling's firm tone, combined with a steady opening on Wall Street, also tempted some investors to come back to the market, dealers said.@@@@1@23@@oe@2-2-2013
20137032@unknown@formal@none@1@S@There were concerns early in the day that Wall Street's sharp gains on Tuesday were overdone and due for a reversal.@@@@1@21@@oe@2-2-2013
20137033@unknown@formal@none@1@S@The FT 30-share index settled 16.7 points higher at 1738.1.@@@@1@10@@oe@2-2-2013
20137034@unknown@formal@none@1@S@Volume was 372.9 million shares, up from 334.5 million on Tuesday.@@@@1@11@@oe@2-2-2013
20137035@unknown@formal@none@1@S@Dealers said institutions were still largely hugging the sidelines on fears that the market's recent technical rally might prove fragile.@@@@1@20@@oe@2-2-2013
20137036@unknown@formal@none@1@S@They cited Wall Street's recent volatility and the lack of a clear indication over the market's short-term direction as factors in the institutional caution.@@@@1@24@@oe@2-2-2013
20137037@unknown@formal@none@1@S@Jaguar, a U.K. luxury auto maker being pursued by Ford Motor and General Motors, gained 10 pence (16 cents) a share to close at 879 pence ($13.90).@@@@1@27@@oe@2-2-2013
20137038@unknown@formal@none@1@S@It shed about 7 pence, however, after dealers said the market was disappointed that Ford didn't move to tender a bid for control of the company.@@@@1@26@@oe@2-2-2013
20137039@unknown@formal@none@1@S@Dealers said the U.K. government's decision Tuesday to waive its protective "golden share" in the auto maker raised prospects of a bidding war between the two U.S. auto giants.@@@@1@29@@oe@2-2-2013
20137040@unknown@formal@none@1@S@But the waiver also was seen as a signal that Ford, a major U.K. auto industry employer, was able to gain government acceptance of its bid for control of Jaguar.@@@@1@30@@oe@2-2-2013
20137041@unknown@formal@none@1@S@Dealers said that interpretation sparked expectations of an imminent bid by Ford.@@@@1@12@@oe@2-2-2013
20137042@unknown@formal@none@1@S@B.A.T Industries, which is being pursued by Sir James Goldsmith's Hoylake Investments, rose 9 to 753 on speculation that Hoylake will sweeten its bid, dealers said.@@@@1@26@@oe@2-2-2013
20137043@unknown@formal@none@1@S@Like Jaguar, B.A.T also eased off its highs in afternoon dealings.@@@@1@11@@oe@2-2-2013
20137044@unknown@formal@none@1@S@Reed International, a U.K. publishing group, gained 15 to 397 despite reporting a 3.7% drop in interim pretax profit.@@@@1@19@@oe@2-2-2013
20137045@unknown@formal@none@1@S@Analysts said the fall in pretax profit was due to the group's recent restructuring and sale of peripheral units, and that its remaining businesses are performing well.@@@@1@27@@oe@2-2-2013
20137046@unknown@formal@none@1@S@Dealers said the market agreed.@@@@1@5@@oe@2-2-2013
20137047@unknown@formal@none@1@S@Stocks boosted by market-makers shopping to cover book requirements in FT-SE 100 shares included Carlton Communications, which climbed 32 to 778.@@@@1@21@@oe@2-2-2013
20137048@unknown@formal@none@1@S@Drug companies in the key index also notched gains as market-makers searched for stock in anticipation of demand due to the sector's defensive qualities.@@@@1@24@@oe@2-2-2013
20137049@unknown@formal@none@1@S@Wellcome gained 18 to 666 on a modest 1.1 million shares.@@@@1@11@@oe@2-2-2013
20137050@unknown@formal@none@1@S@Glaxo, the U.K.'s largest pharmaceutical concern, advanced 23 to #14.13.@@@@1@10@@oe@2-2-2013
20137051@unknown@formal@none@1@S@Stock prices closed higher in Stockholm, Amsterdam and Frankfurt and lower in Zurich.@@@@1@13@@oe@2-2-2013
20137052@unknown@formal@none@1@S@Paris, Brussels, and Milan were closed for a holiday.@@@@1@9@@oe@2-2-2013
20137053@unknown@formal@none@1@S@South African gold stocks closed marginally lower.@@@@1@7@@oe@2-2-2013
20137054@unknown@formal@none@1@S@Elsewhere, share prices closed higher in Singapore, Taipei and Wellington, were mixed in Hong Kong, lower in Seoul and little changed in Sydney.@@@@1@23@@oe@2-2-2013
20137055@unknown@formal@none@1@S@Manila markets were closed for a holiday.@@@@1@7@@oe@2-2-2013
20137056@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
20137057@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
20137058@unknown@formal@none@1@S@The percentage change is since year-end.@@@@1@6@@oe@2-2-2013
20138001@unknown@formal@none@1@S@The following issues were recently filed with the Securities and Exchange Commission:@@@@1@12@@oe@2-2-2013
20138002@unknown@formal@none@1@S@Intermec Corp., offering of 1,050,000 common shares, via Goldman, Sachs & Co. and Piper, Jaffray & Hopwood Inc.@@@@1@18@@oe@2-2-2013
20138003@unknown@formal@none@1@S@Middlesex Water Co., offering of 150,000 shares of common stock, via Legg Mason Wood Walker Inc. and Howard, Weil, Labouisse, Friedrichs Inc.@@@@1@22@@oe@2-2-2013
20138004@unknown@formal@none@1@S@Midwesco Filter Resources Inc., initial offering of 830,000 common shares, to be offered by the company, via Chicago Corp.@@@@1@19@@oe@2-2-2013
20138005@unknown@formal@none@1@S@Nylev Municipal Fund Inc., offering of five million common shares.@@@@1@10@@oe@2-2-2013
20138006@unknown@formal@none@1@S@Occidental Petroleum Corp., shelf offering of $1.5 billion in senior debt securities.@@@@1@12@@oe@2-2-2013
20138007@unknown@formal@none@1@S@Prime Motor Inns Inc., offering of up to $300 million zero coupon convertible debentures, via Drexel Burnham Lambert Inc. and Montgomery Securities.@@@@1@22@@oe@2-2-2013
20138008@unknown@formal@none@1@S@Service Fracturing Co., proposed offering of 1.2 million shares of common stock, via Lovett Mitchell Webb & Garrison, Inc., and Blunt Ellis & Loewi Inc.@@@@1@25@@oe@2-2-2013
20138009@unknown@formal@none@1@S@Western Gas Resources Inc., initial offering of 3,250,000 shares of common stock, of which 3,040,000 shares will be sold by the company and 210,000 shares by a holder, via Prudential-Bache Capital Funding, Smith Barney, Harris Upham & Co., and Hanifen, Imhoff Inc.@@@@1@42@@oe@2-2-2013
20139001@unknown@formal@none@1@S@Hold the Putty!@@@@1@3@@oe@2-2-2013
20139002@unknown@formal@none@1@S@With lipsticks, liners, lotions and creams, There are still beauty plans left to tackle: But as the years go by, it seems That before I paint, I should spackle.@@@@1@29@@oe@2-2-2013
20139003@unknown@formal@none@1@S@-- Pat D'Amico.@@@@1@3@@oe@2-2-2013
20140001@unknown@formal@none@1@S@Criminal charges were filed against Diceon Electronics Inc. and two company officials alleging waste disposal violations in its Chatsworth, Calif., facility.@@@@1@21@@oe@2-2-2013
20140002@unknown@formal@none@1@S@The Los Angeles County district attorney's office filed seven felony and five misdemeanor counts charging that late last year and early this year the Irvine, Calif.-based circuit-board manufacturer illegally disposed of acid, caustic and heavy metals into the sewer system, and stored hazardous materials in leaky, unlabeled or open-top containers.@@@@1@50@@oe@2-2-2013
20140003@unknown@formal@none@1@S@Named as defendants were Roland Matthews, president, and Peter Jonas, executive vice president and chief financial officer, as well as a former plant manager.@@@@1@24@@oe@2-2-2013
20140004@unknown@formal@none@1@S@The company said local authorities held hearings on the allegations last spring and had returned the plant to "routine inspection" in August.@@@@1@22@@oe@2-2-2013
20140005@unknown@formal@none@1@S@"The company does not feel that it or any of the individuals violated any criminal statute and the company expects full vindication in court."@@@@1@24@@oe@2-2-2013
20140006@unknown@formal@none@1@S@Arraignments are scheduled for Nov. 14.@@@@1@6@@oe@2-2-2013
20141001@unknown@formal@none@1@S@Consumer confidence stayed strong in October, despite the unsettling gyrations of the stock market.@@@@1@14@@oe@2-2-2013
20141002@unknown@formal@none@1@S@"The sharp stock market decline in late October appears to have had little or no effect on consumers," said Fabian Linden, executive director of the Conference Board's consumer research center.@@@@1@30@@oe@2-2-2013
20141003@unknown@formal@none@1@S@"Survey returns received after the drop in the Dow Jones average were about the same as the views expressed prior to that event."@@@@1@23@@oe@2-2-2013
20141004@unknown@formal@none@1@S@The nonprofit, industry-supported group said its Consumer Confidence Index was 116.4 in October, barely changed from a revised 116.3 in September.@@@@1@21@@oe@2-2-2013
20141005@unknown@formal@none@1@S@The index was 116.9 in October 1988 and in the past year has ranged from a low of 112.9 to a high of 120.7.@@@@1@24@@oe@2-2-2013
20141006@unknown@formal@none@1@S@It uses a base of 100 in 1985.@@@@1@8@@oe@2-2-2013
20141007@unknown@formal@none@1@S@In October, more people said that present business conditions were "good" than in September.@@@@1@14@@oe@2-2-2013
20141008@unknown@formal@none@1@S@An equal number in each month said that employment conditions were good.@@@@1@12@@oe@2-2-2013
20141009@unknown@formal@none@1@S@And 19.6% of consumers contacted believed business conditions will improve in the coming six months, compared with 18.3% in September.@@@@1@20@@oe@2-2-2013
20141010@unknown@formal@none@1@S@Also, more people said conditions will worsen in the period.@@@@1@10@@oe@2-2-2013
20141011@unknown@formal@none@1@S@(Fewer said conditions won't change.)@@@@1@5@@oe@2-2-2013
20141012@unknown@formal@none@1@S@In October 1988, 21.1% said business conditions would improve.@@@@1@9@@oe@2-2-2013
20141013@unknown@formal@none@1@S@In October 1989, 16.9% said more jobs will be created in the coming six months, compared with 17.4% in September and 18.6% in October 1988.@@@@1@25@@oe@2-2-2013
20141014@unknown@formal@none@1@S@Only 26.8% in October, compared with 28.5% in September and 26.8% in October 1988, said income would increase.@@@@1@18@@oe@2-2-2013
20141015@unknown@formal@none@1@S@"The sustained level of confidence can be attributed to the continued favorable circumstances which affect the consumer's day-to-day economic life," said Mr. Linden.@@@@1@23@@oe@2-2-2013
20141016@unknown@formal@none@1@S@"Unemployment continues at a relatively low level, providing a sense of job security, and a low inflation rate has kept the purchasing power of the weekly paycheck reasonably strong."@@@@1@29@@oe@2-2-2013
20141017@unknown@formal@none@1@S@The consumer confidence survey, covering 5,000 U.S. households, is conducted in the first two weeks of each month for the Conference Board by National Family Opinion Inc., a Toledo, Ohio, market researcher.@@@@1@32@@oe@2-2-2013
20141018@unknown@formal@none@1@S@Buying plans were mixed in October, with fewer households indicating plans to buy cars and more saying they will buy homes and appliances in the coming six months.@@@@1@28@@oe@2-2-2013
20141019@unknown@formal@none@1@S@In October, 6.7% of respondents said they will buy a car, easing from September when 8.1% anticipated a purchase.@@@@1@19@@oe@2-2-2013
20141020@unknown@formal@none@1@S@In October 1988, 7.3% said they would buy a car.@@@@1@10@@oe@2-2-2013
20141021@unknown@formal@none@1@S@Home purchase plans increased to 3.3% from 3.1% in the two recent months.@@@@1@13@@oe@2-2-2013
20141022@unknown@formal@none@1@S@In October 1988, 3.7% said they would buy a house.@@@@1@10@@oe@2-2-2013
20141023@unknown@formal@none@1@S@In 1989, home purchase plans have ranged monthly from 2.9% to 3.7% of respondents.@@@@1@14@@oe@2-2-2013
20141024@unknown@formal@none@1@S@In October, 30.6% said they will buy appliances in the coming six months, compared with 27.4% in September and 26.5% in October 1988.@@@@1@23@@oe@2-2-2013
20142001@unknown@formal@none@1@S@Despite a deluge of economic news, the Treasury market remained quiet but the corporate market was abuzz over International Business Machines Corp.'s huge debt offering.@@@@1@25@@oe@2-2-2013
20142002@unknown@formal@none@1@S@"There were so many economic reports but the market didn't care about any of them," said Kathleen Camilli, a money market economist at Drexel Burnham Lambert Inc.@@@@1@27@@oe@2-2-2013
20142003@unknown@formal@none@1@S@"So the focus turned to other fixed-income markets, corporate and mortgages in particular," she said.@@@@1@15@@oe@2-2-2013
20142004@unknown@formal@none@1@S@IBM, the giant computer maker, offered $750 million of non-callable 30-year debentures priced to yield 8.47%, or about 1/2 percentage point higher than the yield on 30-year Treasury bonds.@@@@1@29@@oe@2-2-2013
20142005@unknown@formal@none@1@S@The size of IBM's issue was increased from an originally planned $500 million as money managers and investors scrambled to buy the bonds.@@@@1@23@@oe@2-2-2013
20142006@unknown@formal@none@1@S@In the investment-grade corporate market, "it's rare that you get an opportunity to buy a name that has such broad appeal and has such attractive call features," said James Ednie, a Drexel industrial bond trader.@@@@1@35@@oe@2-2-2013
20142007@unknown@formal@none@1@S@Money managers ranked IBM's offering as the most significant investment-grade sale of the year because large issues of long-term debt by companies with triple-A credit are infrequent.@@@@1@27@@oe@2-2-2013
20142008@unknown@formal@none@1@S@Syndicate officials at lead underwriter Salomon Brothers Inc. said the debentures were snapped by up pension funds, banks, insurance companies and other institutional investors.@@@@1@24@@oe@2-2-2013
20142009@unknown@formal@none@1@S@In the Treasury market, investors paid scant attention to the day's economic reports, which for the most part provided a mixed view of the economy.@@@@1@25@@oe@2-2-2013
20142010@unknown@formal@none@1@S@"Whether you thought the economy was growing weak or holding steady, yesterday's economic indicators didn't change your opinion," said Charles Lieberman, a managing director at Manufacturers Hanover Securities Corp.@@@@1@29@@oe@2-2-2013
20142011@unknown@formal@none@1@S@The government reported that orders for manufactured goods were essentially unchanged in September while construction spending was slightly lower.@@@@1@19@@oe@2-2-2013
20142012@unknown@formal@none@1@S@Both indicators were viewed as signs that the nation's industrial sector is growing very slowly, if at all.@@@@1@18@@oe@2-2-2013
20142013@unknown@formal@none@1@S@A survey by the Federal Reserve's 12 district banks and the latest report by the National Association of Purchasing Management blurred that picture of the economy.@@@@1@26@@oe@2-2-2013
20142014@unknown@formal@none@1@S@In a monthly report prepared for use at the Fed's next Federal Open Market Committee meeting on Nov. 14., the nation's central bank found that price increases have moderated and economic activity has grown at a sluggish pace in recent weeks.@@@@1@41@@oe@2-2-2013
20142015@unknown@formal@none@1@S@Among other things, the survey found that manufacturing activity varied considerably across districts and among industries.@@@@1@16@@oe@2-2-2013
20142016@unknown@formal@none@1@S@The Philadelphia and Cleveland districts, for example, reported declines in manufacturing activity while the Boston, Dallas and San Francisco banks noted that business expanded.@@@@1@24@@oe@2-2-2013
20142017@unknown@formal@none@1@S@The purchasing managers index of economic activity rose in October, although it remains below 50%.@@@@1@15@@oe@2-2-2013
20142018@unknown@formal@none@1@S@A reading below 50% indicates that the manufacturing sector is slowing while a reading above 50% suggests that the industry is expanding.@@@@1@22@@oe@2-2-2013
20142019@unknown@formal@none@1@S@Mr. Lieberman said the diverse showing in yesterday's reports "only enhances the importance of the employment data."@@@@1@17@@oe@2-2-2013
20142020@unknown@formal@none@1@S@The employment report, which at times has caused wide swings in bond prices, is due out tomorrow.@@@@1@17@@oe@2-2-2013
20142021@unknown@formal@none@1@S@The average estimate of 22 economists polled by Dow Jones Capital Markets Report was that non-farm payrolls expanded by 152,000 in October.@@@@1@22@@oe@2-2-2013
20142022@unknown@formal@none@1@S@The economists forecast a 0.1% rise in the unemployment rate to 5.4%.@@@@1@12@@oe@2-2-2013
20142023@unknown@formal@none@1@S@Treasury Securities@@@@1@2@@oe@2-2-2013
20142024@unknown@formal@none@1@S@In a surprise announcement, the Treasury said it will reopen the outstanding benchmark 30-year bond rather than create a new one for next week's quarterly refunding of the federal debt.@@@@1@30@@oe@2-2-2013
20142025@unknown@formal@none@1@S@The Treasury will raise $10 billion in fresh cash by selling $30 billion of securities, including $10 billion of new three-year notes and $10 billion of new 10-year notes.@@@@1@29@@oe@2-2-2013
20142026@unknown@formal@none@1@S@But rather than sell new 30-year bonds, the Treasury will issue $10 billion of 29year, nine-month bonds -- essentially increasing the size of the current benchmark 30-year bond that was sold at the previous refunding in August.@@@@1@37@@oe@2-2-2013
20142027@unknown@formal@none@1@S@Credit market analysts said the decision to reopen the current benchmark, the 8 1/8% bond due August 2019, is unusual because the issue trades at a premium to its face amount.@@@@1@31@@oe@2-2-2013
20142028@unknown@formal@none@1@S@Some dealers said the Treasury's intent is to help government bond dealers gauge investor demand for the securities, given uncertainties about when the auction will occur.@@@@1@26@@oe@2-2-2013
20142029@unknown@formal@none@1@S@The Treasury said the refunding is contingent upon congressional and presidential passage of an increase in the federal debt ceiling.@@@@1@20@@oe@2-2-2013
20142030@unknown@formal@none@1@S@Until such action takes places, the Treasury has no ability to issue new debt of any kind.@@@@1@17@@oe@2-2-2013
20142031@unknown@formal@none@1@S@Meanwhile, Treasury bonds ended modestly higher in quiet trading.@@@@1@9@@oe@2-2-2013
20142032@unknown@formal@none@1@S@The benchmark 30-year bond about 1/4 point, or $2.50 for each $1,000 face amount.@@@@1@14@@oe@2-2-2013
20142033@unknown@formal@none@1@S@The benchmark was priced at 102 22/32 to yield 7.88% compared with 102 12/32 to yield 7.90% Tuesday.@@@@1@18@@oe@2-2-2013
20142034@unknown@formal@none@1@S@The latest 10-year notes were quoted at 100 22/32 to yield 7.88% compared with 100 16/32 to yield 7.90%.@@@@1@19@@oe@2-2-2013
20142035@unknown@formal@none@1@S@The discount rate on three-month Treasury bills was essentially unchanged at 7.79%, while the rate on six-month bills was slightly lower at 7.52% compared with 7.60% Tuesday.@@@@1@27@@oe@2-2-2013
20142036@unknown@formal@none@1@S@Corporate Issues@@@@1@2@@oe@2-2-2013
20142037@unknown@formal@none@1@S@IBM's $750 million debenture offering dominated activity in the corporate debt market.@@@@1@12@@oe@2-2-2013
20142038@unknown@formal@none@1@S@Meanwhile, most investment-grade bonds ended unchanged to as much as 1/8 point higher.@@@@1@13@@oe@2-2-2013
20142039@unknown@formal@none@1@S@In its latest compilation of performance statistics, Moody's Investors Service found that investment-grade bonds posted a total return of 2.7% in October while junk bonds showed a negative return of 1.5%.@@@@1@31@@oe@2-2-2013
20142040@unknown@formal@none@1@S@Moody's said those returns compare with a 3.8% total return for longer-term Treasury notes and bonds.@@@@1@16@@oe@2-2-2013
20142041@unknown@formal@none@1@S@Total return measures price changes and interest income.@@@@1@8@@oe@2-2-2013
20142042@unknown@formal@none@1@S@For the year to date, Moody's said total returns were topped by the 16.5% of longer-term Treasury issues, closely followed by 15% for investment-grade bonds.@@@@1@25@@oe@2-2-2013
20142043@unknown@formal@none@1@S@Junk bonds trailed the group again.@@@@1@6@@oe@2-2-2013
20142044@unknown@formal@none@1@S@"Even the 7.2% return from the risk-free three-month Treasury bill has easily outdistanced the 4.1% return from junk bonds," wrote Moody's economist John Lonski in yesterday's market report.@@@@1@28@@oe@2-2-2013
20142045@unknown@formal@none@1@S@"Little wonder that buyers for junk have been found wanting," he said.@@@@1@12@@oe@2-2-2013
20142046@unknown@formal@none@1@S@Moody's said the average net asset value of 24 junk-bond mutual funds fell by 4.2% in October.@@@@1@17@@oe@2-2-2013
20142047@unknown@formal@none@1@S@Mortgage-Backed Issues@@@@1@2@@oe@2-2-2013
20142048@unknown@formal@none@1@S@Mortgage securities ended slightly higher but trailed gains in the Treasury market.@@@@1@12@@oe@2-2-2013
20142049@unknown@formal@none@1@S@Ginnie Mae's 9% issue for November delivery finished at 98 5/8, up 2/32, and its 9 1/2% issue at 100 22/32, also up 2/32.@@@@1@24@@oe@2-2-2013
20142050@unknown@formal@none@1@S@The Ginnie Mae 9% securities were yielding 9.32% to a 12-year average life.@@@@1@13@@oe@2-2-2013
20142051@unknown@formal@none@1@S@Activity was light in derivative markets, with no new issues priced.@@@@1@11@@oe@2-2-2013
20142052@unknown@formal@none@1@S@Municipal Issues@@@@1@2@@oe@2-2-2013
20142053@unknown@formal@none@1@S@Municipal bonds were mostly unchanged to up 1/8 point in light, cautious trading prior to tomorrow's unemployment report.@@@@1@18@@oe@2-2-2013
20142054@unknown@formal@none@1@S@A $114 million issue of health facility revenue bonds from the California Health Facilities Financing Authority was temporarily withdrawn after being tentatively priced by a First Boston Corp. group.@@@@1@29@@oe@2-2-2013
20142055@unknown@formal@none@1@S@An official for the lead underwriter declined to comment on the reason for the delay, but market participants speculated that a number of factors, including a lack of investor interest, were responsible.@@@@1@32@@oe@2-2-2013
20142056@unknown@formal@none@1@S@The issue could be relaunched, possibly in a restructured form, as early as next week, according to the lead underwriter.@@@@1@20@@oe@2-2-2013
20142057@unknown@formal@none@1@S@A $107.03 million offering of Santa Ana Community Redevelopment Agency, Calif., tax allocation bonds got off to a slow start and may be repriced at lower levels today, according to an official with lead underwriter Donaldson Lufkin & Jenrette Securities Corp.@@@@1@41@@oe@2-2-2013
20142058@unknown@formal@none@1@S@The Santa Ana bonds were tentatively priced to yield from 6.40% in 1991 to 7.458% in@@@@1@16@@oe@2-2-2013
20142059@unknown@formal@none@1@S@Bucking the market trend, an issue of $130 million general obligation distributable state aid bonds from Detroit, Mich., apparently drew solid investor interest.@@@@1@23@@oe@2-2-2013
20142060@unknown@formal@none@1@S@They were tentatively priced to yield from 6.20% in 1991 to 7.272% in@@@@1@13@@oe@2-2-2013
20142061@unknown@formal@none@1@S@Foreign Bond@@@@1@2@@oe@2-2-2013
20142062@unknown@formal@none@1@S@West German dealers said there was little interest in Treasury bonds ahead of Thursday's new government bond issue.@@@@1@18@@oe@2-2-2013
20142063@unknown@formal@none@1@S@So far, they said, investors appear unenthusiastic about the new issue which might force the government to raise the coupon to more than 7%.@@@@1@24@@oe@2-2-2013
20142064@unknown@formal@none@1@S@It is generally expected to be the usual 10-year, four billion mark issue.@@@@1@13@@oe@2-2-2013
20142065@unknown@formal@none@1@S@Rumors to the contrary have been that it would be a six billion mark issue, or that the last Bund, a 7% issue due October 1999, would be increased by two billion marks.@@@@1@33@@oe@2-2-2013
20142066@unknown@formal@none@1@S@Elsewhere:@@@@1@1@@oe@2-2-2013
20142067@unknown@formal@none@1@S@-- In Japan, the benchmark No. 111 4.6% issue due 1998 ended on brokers screens unchanged at 95.09 to yield 5.435%.@@@@1@21@@oe@2-2-2013
20142068@unknown@formal@none@1@S@-- In Britain, the benchmark 11 3/4% bond due 2003/2007 fell 14/32 to 111 2/32 to yield 10.19%.@@@@1@18@@oe@2-2-2013
20142069@unknown@formal@none@1@S@The 12% notes due 1995 fell 9/32 to 103 3/8 to yield 11.10%.@@@@1@13@@oe@2-2-2013
20143001@unknown@formal@none@1@S@Standard & Poor's Corp. lowered to double-C from triple-C the rating on about $130 million of debt.@@@@1@17@@oe@2-2-2013
20143002@unknown@formal@none@1@S@The rating concern said the textile and clothing company's interest expense exceeds operating profit "by a wide margin" and it noted United's estimated after-tax loss of $24 million for the year ended June 30.@@@@1@34@@oe@2-2-2013
20144001@unknown@formal@none@1@S@Travelers Corp.'s third-quarter net income rose 11%, even though claims stemming from Hurricane Hugo reduced results $40 million.@@@@1@18@@oe@2-2-2013
20144002@unknown@formal@none@1@S@Net advanced to $94.2 million, or 89 cents a share, from $85 million, or 83 cents a share, including net realized investment gains of $31 million, up from $10 million a year ago.@@@@1@33@@oe@2-2-2013
20144003@unknown@formal@none@1@S@But revenue declined to $3 billion from $3.2 billion.@@@@1@9@@oe@2-2-2013
20144004@unknown@formal@none@1@S@Travelers estimated that the California earthquake last month will result in a fourth-quarter pre-tax charge of less than $10 million.@@@@1@20@@oe@2-2-2013
20144005@unknown@formal@none@1@S@The insurer's earnings from commercial property/casualty lines fell 59% in the latest quarter, while it lost $7.2 million in its personal property/casualty business, compared with earnings of $6.1 million a year ago.@@@@1@32@@oe@2-2-2013
20144006@unknown@formal@none@1@S@Travelers's employee benefits group, which includes its group health insurance operations, posted earnings of $24 million, compared with a loss of $3 million last year.@@@@1@25@@oe@2-2-2013
20144007@unknown@formal@none@1@S@In the first nine months, net was $306 million, compared with a loss of $195 million in the 1988 period.@@@@1@20@@oe@2-2-2013
20144008@unknown@formal@none@1@S@The year-ago results included a $415 million charge in the 1988 second quarter for underperforming real estate and mortgage loans.@@@@1@20@@oe@2-2-2013
20145001@unknown@formal@none@1@S@The British Department of Trade and Industry ordered an investigation of the competitive impact of Michelin Tyre PLC's planned acquisition of National Tyre Service Ltd.@@@@1@25@@oe@2-2-2013
20145002@unknown@formal@none@1@S@The department said it referred the takeover to the Monopolies and Mergers Commission because of the purchase's possible effects on the U.K. market for distribution of replacement tires.@@@@1@28@@oe@2-2-2013
20145003@unknown@formal@none@1@S@BTR PLC, a U.K. industrial conglomerate, said in June it had sold its National Tyre Service business to Michelin Investment Ltd., a U.K. unit of the tire maker, for #140 million ($221.4 million).@@@@1@33@@oe@2-2-2013
20145004@unknown@formal@none@1@S@Michelin Tyre is a unit of France's Michelin S.A.@@@@1@9@@oe@2-2-2013
20145005@unknown@formal@none@1@S@Michelin officials couldn't immediately comment on the referral, but they noted the purchase from BTR has already been concluded.@@@@1@19@@oe@2-2-2013
20145006@unknown@formal@none@1@S@National Tyre, which has 420 branches throughout the U.K., had 1988 pretax profit of #8.5 million.@@@@1@16@@oe@2-2-2013
20146001@unknown@formal@none@1@S@Rep. John Dingell, an important sponsor of President Bush's clean-air bill, plans to unveil a surprise proposal that would break with the White House on a centerpiece issue: acid rain.@@@@1@30@@oe@2-2-2013
20146002@unknown@formal@none@1@S@The Michigan Democrat's proposal, which is expected today, is described by government sources and lobbyists as significantly weaker than the Bush administration's plan to cut utility emissions that lead to acid rain.@@@@1@32@@oe@2-2-2013
20146003@unknown@formal@none@1@S@The administration's plan could cost utilities, mainly those that use coal, up to $4 billion a year.@@@@1@17@@oe@2-2-2013
20146004@unknown@formal@none@1@S@The proposal comes as a surprise even to administration officials and temporarily throws into chaos the House's work on clean-air legislation.@@@@1@21@@oe@2-2-2013
20146005@unknown@formal@none@1@S@As chairman of the House Energy and Commerce Committee, Mr. Dingell has almost single-handed control over clean-air legislation.@@@@1@18@@oe@2-2-2013
20146006@unknown@formal@none@1@S@People close to the utility industry said Mr. Dingell's proposal appears to guarantee only an estimated seven-million-ton cut in annual sulfur-dioxide emissions that lead to acid rain, though additional cuts could be ordered later.@@@@1@34@@oe@2-2-2013
20146007@unknown@formal@none@1@S@Mr. Bush's legislative package promises to cut emissions by 10 million tons -- basically in half -- by the year 2000.@@@@1@21@@oe@2-2-2013
20146008@unknown@formal@none@1@S@Although final details weren't available, sources said the Dingell plan would abandon the president's proposal for a cap on utilities' sulfur-dioxide emissions.@@@@1@22@@oe@2-2-2013
20146009@unknown@formal@none@1@S@That proposal had been hailed by environmentalists but despised by utilities because they feared it would limit their growth.@@@@1@19@@oe@2-2-2013
20146010@unknown@formal@none@1@S@It also would junk an innovative market-based system for trading emissions credits among polluters.@@@@1@14@@oe@2-2-2013
20146011@unknown@formal@none@1@S@In addition, it is believed to offer a cost-sharing mechanism that would help subsidize the clean-up costs for the dirtiest coal-fired utilities in the country, sparing their customers from exorbitant jumps in their electric bills.@@@@1@35@@oe@2-2-2013
20146012@unknown@formal@none@1@S@The administration, sticking to its vow of avoiding tax increases, has staunchly opposed cost-sharing.@@@@1@14@@oe@2-2-2013
20146013@unknown@formal@none@1@S@Mr. Dingell's staff was expected to present its acid-rain alternative to other committee members, apparently in an attempt to appease Midwestern lawmakers from high-polluting states who insist on cost-sharing.@@@@1@29@@oe@2-2-2013
20146014@unknown@formal@none@1@S@It isn't clear, however, whether support for the proposal will be broad enough to pose a serious challenge to the White House's acid-rain plan.@@@@1@24@@oe@2-2-2013
20146015@unknown@formal@none@1@S@While the new proposal might appeal to the dirtiest utilities, it might not win the support of utilities, many in the West, that already have added expensive cleanup equipment or burn cleaner-burning fuels.@@@@1@33@@oe@2-2-2013
20146016@unknown@formal@none@1@S@Lawmakers representing some of the cleaner utilities have been quietly working with the White House to devise ways to tinker with the administration bill to address their acid-rain concerns.@@@@1@29@@oe@2-2-2013
20147001@unknown@formal@none@1@S@American City Business Journals Inc. said its president, Michael K. Russell, will resign rather than relocate to new headquarters in Charlotte, N.C.@@@@1@22@@oe@2-2-2013
20147002@unknown@formal@none@1@S@Mr. Russell, who co-founded the Kansas City, Mo.-based local business publications concern here, said he would have a five-year consulting agreement with the company, which recently underwent an ownership change.@@@@1@30@@oe@2-2-2013
20147003@unknown@formal@none@1@S@Earlier this year Shaw Publishing Inc., Charlotte, acquired 30% of American City and has an agreement to acquire a further 25% from E.W. Scripps Co. next year.@@@@1@27@@oe@2-2-2013
20147004@unknown@formal@none@1@S@Ray Shaw, chairman of American City, said he would assume Mr. Russell's responsibilities if a successor isn't found this month.@@@@1@20@@oe@2-2-2013
20148001@unknown@formal@none@1@S@A nickname for measures to stop the market from plunging too far too fast.@@@@1@14@@oe@2-2-2013
20148002@unknown@formal@none@1@S@Several moves were taken following the October 1987 crash to coordinate -- and sometimes deliberately disconnect -- the stock and futures markets in times of heightened volatility.@@@@1@27@@oe@2-2-2013
20148003@unknown@formal@none@1@S@On the Big Board, a "side car" is put into effect when the S&P futures rise or fall 12 points.@@@@1@20@@oe@2-2-2013
20148004@unknown@formal@none@1@S@The side car routes program trades into a special computer file that scans for imbalances of buy and sell orders.@@@@1@20@@oe@2-2-2013
20148005@unknown@formal@none@1@S@On the Chicago Mercantile Exchange, S&P 500 futures are not allowed to fall further than 12 points from the previous day's close for half an hour.@@@@1@26@@oe@2-2-2013
20148006@unknown@formal@none@1@S@If, when trading resumes, the S&P futures fall 30 points from the previous day's close, a one-hour trading halt takes effect.@@@@1@21@@oe@2-2-2013
20148007@unknown@formal@none@1@S@Also, the reforms allow the Big Board to halt trading for one hour if the Dow Jones Industrial Average falls 250 points, and for two more hours if the Dow slides an additional 150 points on the same day.@@@@1@39@@oe@2-2-2013
20148008@unknown@formal@none@1@S@DOT System -- The "Designated Order Turnaround" System was launched by the New York Stock Exchange in March 1976, to offer automatic, high-speed order processing.@@@@1@25@@oe@2-2-2013
20148009@unknown@formal@none@1@S@A faster version, the SuperDot, was launched in 1984.@@@@1@9@@oe@2-2-2013
20148010@unknown@formal@none@1@S@Used by program traders and others to zip orders into the exchange, SuperDot handles about 80% of all orders entered at the exchange.@@@@1@23@@oe@2-2-2013
20148011@unknown@formal@none@1@S@Futures Contracts -- Obligations to buy (for those who have purchased a contract) or deliver (for those who sold one) a quantity of the underlying commodity or financial instrument at the agreed-upon price by a certain date.@@@@1@37@@oe@2-2-2013
20148012@unknown@formal@none@1@S@Most contracts are simply nullified by an opposite trade before they come due.@@@@1@13@@oe@2-2-2013
20148013@unknown@formal@none@1@S@Indexing -- Many investors, mainly institutions, follow an investment strategy of buying and holding a mix of stocks to match the performance of a broad stock-market barometer such as the S&P 500.@@@@1@32@@oe@2-2-2013
20148014@unknown@formal@none@1@S@Many institutional index funds are active program traders, swapping their stocks for futures when profitable to do so.@@@@1@18@@oe@2-2-2013
20148015@unknown@formal@none@1@S@Program trading -- A wide range of computer-assisted portfolio trading strategies involving the simultaneous purchase or sale of 15 or more stocks.@@@@1@22@@oe@2-2-2013
20148016@unknown@formal@none@1@S@Quant -- Generally, any Wall Street analyst who employs quantitive research techniques.@@@@1@12@@oe@2-2-2013
20148017@unknown@formal@none@1@S@The newest breed, also called "rocket scientists" because of their backgrounds in physics and mathematics, devise the complex hedging and trading strategies that are popularly known as program trading.@@@@1@29@@oe@2-2-2013
20148018@unknown@formal@none@1@S@Stock-index arbitrage -- Buying or selling baskets of stocks while at the same time executing offsetting trades in stock-index futures or options.@@@@1@22@@oe@2-2-2013
20148019@unknown@formal@none@1@S@Traders profit by trying to capture fleeting price discrepancies between stocks and the index futures or options.@@@@1@17@@oe@2-2-2013
20148020@unknown@formal@none@1@S@If stocks are temporarily "cheaper" than futures, for example, an arbitrager will buy stocks and sell futures.@@@@1@17@@oe@2-2-2013
20148021@unknown@formal@none@1@S@Stock-index futures -- Contracts to buy or sell the cash value of a stock index by a certain date.@@@@1@19@@oe@2-2-2013
20148022@unknown@formal@none@1@S@The cash value is determined by multiplying the index number by a specified amount.@@@@1@14@@oe@2-2-2013
20148023@unknown@formal@none@1@S@The most common program-trading vehicles are futures contracts on Standard & poor's 500-stock index (traded on the Chicago Mercantile Exchange); the Major Market Index, a 20-stock index that mimics the Dow Jones Industrial Average (traded on the chicago Board of Trade); and the S&P 100 options (traded on the Chicago Board Options Exchange, and based on 100 stocks selected from the S&P 500).@@@@1@63@@oe@2-2-2013
20148024@unknown@formal@none@1@S@Stock-index options -- Options give holders the right, but not the obligation, to buy (a call) or sell (a put) a specified amount of an underlying investment by a certin date at a preset price, known as the strike price.@@@@1@40@@oe@2-2-2013
20148025@unknown@formal@none@1@S@For stock indexes, the underlying investment may be a stock-index futures contract or the cash value of a stock index.@@@@1@20@@oe@2-2-2013
20148026@unknown@formal@none@1@S@For example, there are options on the S&P 500 futures contract and on the S&P 100 index.@@@@1@17@@oe@2-2-2013
20148027@unknown@formal@none@1@S@Uptick -- An expression signifying that a transaction in a listed security occurred at a higher price than the previous transaction in that security.@@@@1@24@@oe@2-2-2013
20149001@unknown@formal@none@1@S@New York financier Saul Steinberg sought federal permission to buy more than 15% of United Airlines' parent, UAL Corp., saying he might seek control of the nation's second-largest airline.@@@@1@29@@oe@2-2-2013
20149002@unknown@formal@none@1@S@Although takeover experts said they doubted Mr. Steinberg will make a bid by himself, the application by his Reliance Group Holdings Inc. could signal his interest in helping revive a failed labor-management bid.@@@@1@33@@oe@2-2-2013
20149003@unknown@formal@none@1@S@Such an application for federal antitrust clearance is necessary for any investor that might seek control.@@@@1@16@@oe@2-2-2013
20149004@unknown@formal@none@1@S@But some investors have used such filings to boost the value of their stock holdings, which -- without buying more stock -- they then sold.@@@@1@25@@oe@2-2-2013
20149005@unknown@formal@none@1@S@Takeover stock traders were puzzled by the Reliance filing and cautioned that it doesn't mean Mr. Steinberg will definitely seek control.@@@@1@21@@oe@2-2-2013
20149006@unknown@formal@none@1@S@"Maybe he just wants to make something happen," said one takeover expert.@@@@1@12@@oe@2-2-2013
20149007@unknown@formal@none@1@S@One investment banker said Mr. Steinberg may be trying to position himself as a friendly investor who could help UAL Chairman Stephen Wolf revive a failed labor-management bid.@@@@1@28@@oe@2-2-2013
20149008@unknown@formal@none@1@S@Mr. Steinberg, he suggested, could replace British Airways PLC, which has withdrawn from the buy-out group.@@@@1@16@@oe@2-2-2013
20149009@unknown@formal@none@1@S@Reliance had already bought and sold UAL stock at a big profit without making an antitrust filing before the collapse Oct. 13 of the $6.79 billion, $300-a-share labor-management buy-out.@@@@1@29@@oe@2-2-2013
20149010@unknown@formal@none@1@S@Reliance acquired a 7% UAL stake early this year at an average cost of $110 a share, and reduced its stake to 4.7% after UAL accepted the bid at prices higher than $282 a share.@@@@1@35@@oe@2-2-2013
20149011@unknown@formal@none@1@S@Market sources said Reliance has already sold its entire UAL stake, and thus wouldn't have any reason to file the application simply to boost the value of its stock.@@@@1@29@@oe@2-2-2013
20149012@unknown@formal@none@1@S@But the exact amount of Reliance's current holding hasn't been formally disclosed.@@@@1@12@@oe@2-2-2013
20149013@unknown@formal@none@1@S@The filing adds a new twist to market speculation that Coniston Partners, a New York money manager, has bought more than 5% of UAL stock and may challenge the UAL board's decision last week to remain independent.@@@@1@37@@oe@2-2-2013
20149014@unknown@formal@none@1@S@Speculation about Coniston has caused the stock to rebound from a low of $145.@@@@1@14@@oe@2-2-2013
20149015@unknown@formal@none@1@S@UAL's announcement came after the market closed yesterday.@@@@1@8@@oe@2-2-2013
20149016@unknown@formal@none@1@S@In composite New York Stock Exchange trading, the shares closed at $177, up $1.50.@@@@1@14@@oe@2-2-2013
20149017@unknown@formal@none@1@S@UAL wouldn't elaborate on a statement that it had been notified of the filing by Reliance.@@@@1@16@@oe@2-2-2013
20149018@unknown@formal@none@1@S@Reliance confirmed the filing but wouldn't elaborate.@@@@1@7@@oe@2-2-2013
20149019@unknown@formal@none@1@S@Some takeover experts were skeptical, saying it was possible that Mr. Steinberg made the filing only to help boost the value of any remaining Reliance stake in UAL.@@@@1@28@@oe@2-2-2013
20149020@unknown@formal@none@1@S@Mr. Steinberg is thought to be on friendly terms with UAL's Mr. Wolf.@@@@1@13@@oe@2-2-2013
20149021@unknown@formal@none@1@S@The investor was instrumental in tapping Mr. Wolf to run the air cargo unit of Tiger International Inc.@@@@1@18@@oe@2-2-2013
20149022@unknown@formal@none@1@S@Mr. Wolf's success in that job helped him land the top job with UAL in December 1987.@@@@1@17@@oe@2-2-2013
20149023@unknown@formal@none@1@S@But any potential acquirer must attempt to reach some kind of accord with the company's employees, primarily its pilots and the powerful machinists' union, which has opposed a takeover.@@@@1@29@@oe@2-2-2013
20150001@unknown@formal@none@1@S@A.L. Williams Corp. was merged into Primerica Corp., New York, after a special meeting of Williams shareholders cleared the transaction, the companies said.@@@@1@23@@oe@2-2-2013
20150002@unknown@formal@none@1@S@Primerica, which had owned nearly 70% of Williams, will pay about 16.7 million shares, currently valued at almost $472 million, for the rest of Williams.@@@@1@25@@oe@2-2-2013
20150003@unknown@formal@none@1@S@The financial-services company will pay 0.82 share for each Williams share.@@@@1@11@@oe@2-2-2013
20150004@unknown@formal@none@1@S@Williams shares, which were to be delisted from the New York Stock Exchange after the close of composite trading yesterday, closed at $23.25, off 12.5 cents.@@@@1@26@@oe@2-2-2013
20150005@unknown@formal@none@1@S@Primerica closed at $28.25, down 50 cents.@@@@1@7@@oe@2-2-2013
20150006@unknown@formal@none@1@S@Williams, Duluth, Ga., is an insurance and financial-services holding company.@@@@1@10@@oe@2-2-2013
20150007@unknown@formal@none@1@S@Its subsidiaries' services are marketed by closely held A.L. Williams & Associates.@@@@1@12@@oe@2-2-2013
20150008@unknown@formal@none@1@S@Primerica, as expected, also acquired certain assets of the agency and assumed certain of its liabilities.@@@@1@16@@oe@2-2-2013
20150009@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20151001@unknown@formal@none@1@S@Intelogic Trace Inc., San Antonio, Texas, said it bought 2.7 million shares, or about 18%, of its common stock from an unaffiliated shareholder for $3.625 a share, or $9.9 million.@@@@1@30@@oe@2-2-2013
20151002@unknown@formal@none@1@S@The move boosts Intelogic Chairman Asher Edelman's stake to 20% from 16.2% and may help prevent Martin Ackerman from making a run at the computer-services concern.@@@@1@26@@oe@2-2-2013
20151003@unknown@formal@none@1@S@Mr. Ackerman already is seeking to oust Mr. Edelman as chairman of Datapoint Corp., an Intelogic affiliate.@@@@1@17@@oe@2-2-2013
20151004@unknown@formal@none@1@S@The action followed by one day an Intelogic announcement that it will retain an investment banker to explore alternatives "to maximize shareholder value," including the possible sale of the company.@@@@1@30@@oe@2-2-2013
20151005@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Intelogic shares rose 37.5 cents to close at $2.75.@@@@1@17@@oe@2-2-2013
20151006@unknown@formal@none@1@S@Mr. Edelman declined to specify what prompted the recent moves, saying they are meant only to benefit shareholders when "the company is on a roll."@@@@1@25@@oe@2-2-2013
20151007@unknown@formal@none@1@S@He added, "This has nothing to do with Marty Ackerman and it is not designed, particularly, to take the company private."@@@@1@21@@oe@2-2-2013
20151008@unknown@formal@none@1@S@But Mr. Ackerman said the buy-back, and the above-market price paid, prove that Mr. Edelman is running scared.@@@@1@18@@oe@2-2-2013
20152001@unknown@formal@none@1@S@Dow Jones & Co. said it extended its $18-a-share offer for Telerate Inc. common stock until 5 p.m. EST Nov. 9.@@@@1@21@@oe@2-2-2013
20152002@unknown@formal@none@1@S@The offer, valued at about $576 million for the 33% of Telerate that Dow Jones doesn't already own, had been set to expire Nov. 6.@@@@1@25@@oe@2-2-2013
20152003@unknown@formal@none@1@S@Dow Jones, which owns about 64 million of Telerate's 95 million common shares outstanding, said that about 24,000 shares have been tendered under its offer.@@@@1@25@@oe@2-2-2013
20152004@unknown@formal@none@1@S@Telerate's two independent directors have rejected the offer as inadequate.@@@@1@10@@oe@2-2-2013
20152005@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, Telerate shares closed at $19.50, up 12.5 cents.@@@@1@17@@oe@2-2-2013
20152006@unknown@formal@none@1@S@Telerate provides an electronic financial information network.@@@@1@7@@oe@2-2-2013
20152007@unknown@formal@none@1@S@Dow Jones publishes The Wall Street Journal, Barron's magazine, and community newspapers and operates financial news services and computer data bases.@@@@1@21@@oe@2-2-2013
20153001@unknown@formal@none@1@S@Rockwell International Corp. reported flat operating earnings for the fourth quarter ended Sept. 30.@@@@1@14@@oe@2-2-2013
20153002@unknown@formal@none@1@S@The aerospace, automotive supply, electronics and printing-press concern also indicated that the first half of fiscal 1990 could be rough.@@@@1@20@@oe@2-2-2013
20153003@unknown@formal@none@1@S@In an interview, Donald Beall, chairman, said first-half profit certainly would trail the past year's, primarily because of weakness in the heavy-truck and passenger-car markets.@@@@1@25@@oe@2-2-2013
20153004@unknown@formal@none@1@S@Still, he added, if the industrial sector remains relatively stable, Rockwell should be able to recover in the second half and about equal fiscal 1989's operating profit of $630.9 million.@@@@1@30@@oe@2-2-2013
20153005@unknown@formal@none@1@S@For fiscal 1989's fourth quarter, Rockwell's net income totaled $126.1 million, or 50 cents a share.@@@@1@16@@oe@2-2-2013
20153006@unknown@formal@none@1@S@That compares with operating earnings of $132.9 million, or 49 cents a share, the year earlier.@@@@1@16@@oe@2-2-2013
20153007@unknown@formal@none@1@S@The prior-year period includes a one-time favorable tax adjustment on the B-1B bomber program and another gain from sale of the industrial sewing-machine business, which made net $185.9 million, or 70 cents a share.@@@@1@34@@oe@2-2-2013
20153008@unknown@formal@none@1@S@Sales rose 4% to $3.28 billion from $3.16 billion.@@@@1@9@@oe@2-2-2013
20153009@unknown@formal@none@1@S@Mr. Beall said that he was generally pleased with the latest numbers and cited a particularly strong showing by the company's electronics segment.@@@@1@23@@oe@2-2-2013
20153010@unknown@formal@none@1@S@Overall, pretax electronics earnings soared 12% to $107.9 million from $96.4 million.@@@@1@12@@oe@2-2-2013
20153011@unknown@formal@none@1@S@All four areas had higher revenue for the three months ended Sept. 30.@@@@1@13@@oe@2-2-2013
20153012@unknown@formal@none@1@S@For the year, electronics emerged as Rockwell's largest sector in terms of sales and earnings, muscling out aerospace for the first time.@@@@1@22@@oe@2-2-2013
20153013@unknown@formal@none@1@S@The graphics business, which also was singled out by the chairman as a positive, saw its operating earnings for the quarter jump 79% to $42.1 million from $23.5 million.@@@@1@29@@oe@2-2-2013
20153014@unknown@formal@none@1@S@For the year, bolstered by the introduction of the Colorliner newspaper-printing press, graphics earnings almost doubled.@@@@1@16@@oe@2-2-2013
20153015@unknown@formal@none@1@S@Aerospace earnings sagged 37% for the quarter and 15% for the year, largely due to lower B-1B program profit; the last of the bombers rolled out in April 1988.@@@@1@29@@oe@2-2-2013
20153016@unknown@formal@none@1@S@That was partially offset by the resumption of space shuttle flights and increased demand for expendable launch-vehicle engines.@@@@1@18@@oe@2-2-2013
20153017@unknown@formal@none@1@S@The company also took hits in the fourth quarters of 1989 and 1988 on a fixed-price weapons-modernization development program -- probably the C-130 gunship, according to analysts.@@@@1@27@@oe@2-2-2013
20153018@unknown@formal@none@1@S@For fiscal 1989, the company posted net of $734.9 million, or $2.87 a share, down from $811.9 million, or $3.04 a share, in fiscal 1988.@@@@1@25@@oe@2-2-2013
20153019@unknown@formal@none@1@S@Excluding one-time additions to profit in each year, earnings per share were $2.47, up 7.4% from $2.30 in fiscal 1988.@@@@1@20@@oe@2-2-2013
20153020@unknown@formal@none@1@S@Sales for the year rose 5% to $12.52 billion from $11.95 billion in fiscal 1988.@@@@1@15@@oe@2-2-2013
20154001@unknown@formal@none@1@S@Dell Computer Corp. said it cut prices on several of its personal computer lines by 5% to 17%.@@@@1@18@@oe@2-2-2013
20154002@unknown@formal@none@1@S@The Austin, Texas-based company, which specializes in the direct sale of personal computers and accessories, said its price cuts include a $100 reduction on its System 210 computer with 512 kilobytes of memory, a 40-megabyte hard disk and a color monitor.@@@@1@41@@oe@2-2-2013
20154003@unknown@formal@none@1@S@That package now sells for about $2,099.@@@@1@7@@oe@2-2-2013
20154004@unknown@formal@none@1@S@A computer using the more-advanced Intel Corp. 386 microprocessor, with four megabytes of memory and a 100-megabyte hard disk now sells for $5,699, down from $6,799.@@@@1@26@@oe@2-2-2013
20154005@unknown@formal@none@1@S@Personal computer prices for models using the Intel 286 and 386 microprocessors, which the Dell models use, generally have been coming down as chip prices have fallen.@@@@1@27@@oe@2-2-2013
20155001@unknown@formal@none@1@S@World sugar futures prices soared on rumors that Brazil, a major grower and exporter, might not ship sugar this crop year and next.@@@@1@23@@oe@2-2-2013
20155002@unknown@formal@none@1@S@Prices also were boosted by another rumor that Mexico, usually a large producer and exporter, might have to buy a large quantity of sugar.@@@@1@24@@oe@2-2-2013
20155003@unknown@formal@none@1@S@Although traders rushed to buy futures contracts, many remained skeptical about the Brazilian development, which couldn't be confirmed, analysts said.@@@@1@20@@oe@2-2-2013
20155004@unknown@formal@none@1@S@The March and May contracts rose to fresh life-of-contract highs of 14.54 cents and 14.28 cents at their best levels of the day.@@@@1@23@@oe@2-2-2013
20155005@unknown@formal@none@1@S@The March delivery, which has no limits, settled at 14.53 cents, up 0.56 cent a pound.@@@@1@16@@oe@2-2-2013
20155006@unknown@formal@none@1@S@The May contract, which also is without restraints, ended with a gain of 0.54 cent to 14.26 cents.@@@@1@18@@oe@2-2-2013
20155007@unknown@formal@none@1@S@The July delivery rose its daily permissible limit of 0.50 cent a pound to 14.00 cents, while other contract months showed near-limit advances.@@@@1@23@@oe@2-2-2013
20155008@unknown@formal@none@1@S@According to reports carried by various news services, the Brazilian government told its sugar producers that they won't be allowed to export sugar during the current 1989-90 season, which began May 1, and the 1990-91 season so that it can be used to produce alcohol for automobile fuel.@@@@1@48@@oe@2-2-2013
20155009@unknown@formal@none@1@S@One analyst, Arthur Stevenson, of Prudential-Bache Securities, New York, estimated that 65% or more of Brazil's newly made automobiles run on alcohol and can't use gasoline.@@@@1@26@@oe@2-2-2013
20155010@unknown@formal@none@1@S@"This is a demand that must be met, regardless of the price of oil," said Mr. Stevenson.@@@@1@17@@oe@2-2-2013
20155011@unknown@formal@none@1@S@Brazil is the third-largest producer and the fifth-largest exporter of sugar in the world.@@@@1@14@@oe@2-2-2013
20155012@unknown@formal@none@1@S@A shift to producing more alcohol and less sugar had been expected, but the latest news, if true, indicates a more drastic shift than had been anticipated.@@@@1@27@@oe@2-2-2013
20155013@unknown@formal@none@1@S@During the current crop year, Brazil was expected to produce 6.9 million tons of sugar, a drop from 8.1 million tons in 1988-89.@@@@1@23@@oe@2-2-2013
20155014@unknown@formal@none@1@S@Its 1989-90 exports were expected to total 645,000 tons in contrast to shipments of 1.5 million tons in@@@@1@18@@oe@2-2-2013
20155015@unknown@formal@none@1@S@"It is these 645,000 tons that are in question for this crop year," explained Judith Ganes, analyst for Shearson Lehman Hutton, New York.@@@@1@23@@oe@2-2-2013
20155016@unknown@formal@none@1@S@"Producers were granted the right earlier this year to ship sugar and the export licenses were expected to have begun to be issued" yesterday.@@@@1@24@@oe@2-2-2013
20155017@unknown@formal@none@1@S@As a result, Ms. Ganes said, it is believed that little or no sugar from the 1989-90 crop has been shipped yet, even though the crop year is six months old.@@@@1@31@@oe@2-2-2013
20155018@unknown@formal@none@1@S@More than a half of all sugar produced in Brazil goes for alcohol production, according to Ms. Ganes.@@@@1@18@@oe@2-2-2013
20155019@unknown@formal@none@1@S@Also, there has been a switch in the past decade to planting of orange trees in areas that were previously used for cane, and this change is being felt now, she said.@@@@1@32@@oe@2-2-2013
20155020@unknown@formal@none@1@S@Most important, Ms. Ganes noted, "Brazilian officials said that no decision has as yet been made on the suspension of exports."@@@@1@21@@oe@2-2-2013
20155021@unknown@formal@none@1@S@Thomas Oxnard, sugar analyst for PaineWebber in Hackensack, N.J., said: "I am highly skeptical that Brazil will curtail sugar exports, particularly with the price of sugar at over 14 cents a pound."@@@@1@32@@oe@2-2-2013
20155022@unknown@formal@none@1@S@Above all, Mr. Oxnard noted, the situation is extremely confused.@@@@1@10@@oe@2-2-2013
20155023@unknown@formal@none@1@S@"Professional sugar people here who have strong contacts with the Brazilian sugar industry have been unable to confirm the reports or get enough information to clarify the situation," he said.@@@@1@30@@oe@2-2-2013
20155024@unknown@formal@none@1@S@"It's the type of nervous atmosphere in which a report can be put out, such as the one saying exports will be suspended, and no one can confirm it."@@@@1@29@@oe@2-2-2013
20155025@unknown@formal@none@1@S@Mr. Oxnard observed that the situation in Brazil is also very complicated.@@@@1@12@@oe@2-2-2013
20155026@unknown@formal@none@1@S@On the one hand, Brazil started an ethanol program about 15 years ago to fuel a huge portion of its national fleet of cars and is now committed to this program.@@@@1@31@@oe@2-2-2013
20155027@unknown@formal@none@1@S@"It has to weigh, on the other hand, the relatively high price of sugar it can earn on the export market in making decisions as to whether to produce sugar or alcohol," Mr. Oxnard said.@@@@1@35@@oe@2-2-2013
20155028@unknown@formal@none@1@S@Mexico, which is normally a sugar exporter, has had production problems in the past two years, analysts said.@@@@1@18@@oe@2-2-2013
20155029@unknown@formal@none@1@S@Last year, it had to buy sugar on the world market to meet export commitments, they noted.@@@@1@17@@oe@2-2-2013
20155030@unknown@formal@none@1@S@This year it is expected to be a net importer and is said to be seeking to buy about 200,000 tons of sugar to meet internal needs, analysts said.@@@@1@29@@oe@2-2-2013
20155031@unknown@formal@none@1@S@In other commodity markets yesterday:@@@@1@5@@oe@2-2-2013
20155032@unknown@formal@none@1@S@ENERGY:@@@@1@1@@oe@2-2-2013
20155033@unknown@formal@none@1@S@Petroleum futures were generally higher with heating oil leading the way.@@@@1@11@@oe@2-2-2013
20155034@unknown@formal@none@1@S@On the New York Mercantile Exchange, heating oil for December delivery increased 1.25 cents to settle at 60.36 cents a gallon.@@@@1@21@@oe@2-2-2013
20155035@unknown@formal@none@1@S@Gasoline futures were mixed to unchanged.@@@@1@6@@oe@2-2-2013
20155036@unknown@formal@none@1@S@But the strength in heating oil helped push up crude oil.@@@@1@11@@oe@2-2-2013
20155037@unknown@formal@none@1@S@West Texas Intermediate crude for December delivery rose 13 cents a barrel to settle at $20.07.@@@@1@16@@oe@2-2-2013
20155038@unknown@formal@none@1@S@The firmness in heating oil was attributed to colder weather in parts of the U.S. and to the latest weekly report by the American Petroleum Institute, which showed a decline in inventories of the fuel.@@@@1@35@@oe@2-2-2013
20155039@unknown@formal@none@1@S@GRAINS AND SOYBEANS:@@@@1@3@@oe@2-2-2013
20155040@unknown@formal@none@1@S@Prices closed mostly higher in relatively light trading as farmers continued to withhold their crops from the marketplace in the hope of higher prices to come.@@@@1@26@@oe@2-2-2013
20155041@unknown@formal@none@1@S@Trading was muted in part because of the observance of All Saints' Day across much of Europe.@@@@1@17@@oe@2-2-2013
20155042@unknown@formal@none@1@S@Continued export demand also supported prices.@@@@1@6@@oe@2-2-2013
20155043@unknown@formal@none@1@S@As an indicator of the tight grain supply situation in the U.S., market analysts said that late Tuesday the Chinese government, which often buys U.S. grains in quantity, turned instead to Britain to buy 500,000 metric tons of wheat.@@@@1@39@@oe@2-2-2013
20155044@unknown@formal@none@1@S@Traders said prices also were supported by widespread rumors that the Soviet Union is on the verge of receiving most favored nation status from the U.S.@@@@1@26@@oe@2-2-2013
20155045@unknown@formal@none@1@S@That designation would, among other things, provide more generous credit terms under which the Soviets could purchase grain.@@@@1@18@@oe@2-2-2013
20155046@unknown@formal@none@1@S@The Soviets are widely believed to need additional supplies, despite running up record one-month purchases of 310 million bushels of corn in October.@@@@1@23@@oe@2-2-2013
20155047@unknown@formal@none@1@S@COPPER:@@@@1@1@@oe@2-2-2013
20155048@unknown@formal@none@1@S@Futures prices rose, extending Tuesday's gains.@@@@1@6@@oe@2-2-2013
20155049@unknown@formal@none@1@S@The December contract advanced 2.50 cents a pound to $1.1650.@@@@1@10@@oe@2-2-2013
20155050@unknown@formal@none@1@S@Buying for the most part carried over from the previous session, and traders apparently ignored reports that a Chilean mine strike may have ended almost before it began, an analyst said.@@@@1@31@@oe@2-2-2013
20155051@unknown@formal@none@1@S@According to news service reports, most workers at the Disputado mines owned by Exxon Corp. agreed to a new two-year wage contract that includes a 5% increase and other benefits.@@@@1@30@@oe@2-2-2013
20155052@unknown@formal@none@1@S@However, some workers haven't yet accepted the new contract and are continuing negotiations, the analyst said.@@@@1@16@@oe@2-2-2013
20155053@unknown@formal@none@1@S@Separately, Reuter reported that the Papua-New Guinea government urged its Parliament to extend a state of emergency in copper-rich Bougainville Island for two months.@@@@1@24@@oe@2-2-2013
20155054@unknown@formal@none@1@S@The Bougainville copper mine has been inoperative since May 15 because of attacks by native landowners who want Bougainville to secede from Papua-New Guinea.@@@@1@24@@oe@2-2-2013
20156001@unknown@formal@none@1@S@The parent of Younkers, after failing to find a buyer for the chain of Midwestern department stores, said it will sell a stake in the chain to management and take other steps to reduce its investment in retailing.@@@@1@38@@oe@2-2-2013
20156002@unknown@formal@none@1@S@Equitable of Iowa Cos., Des Moines, had been seeking a buyer for the 36-store Younkers chain since June, when it announced its intention to free up capital to expand its insurance business.@@@@1@32@@oe@2-2-2013
20156003@unknown@formal@none@1@S@But Equitable said it was unable to find a buyer willing to pay what it considers "fair value" for Younkers because of recent turmoil in the bond and stock markets and in retailing.@@@@1@33@@oe@2-2-2013
20156004@unknown@formal@none@1@S@Younkers rang up sales in 1988 of $313 million.@@@@1@9@@oe@2-2-2013
20156005@unknown@formal@none@1@S@It operates stores mostly in Iowa and Nebraska.@@@@1@8@@oe@2-2-2013
20156006@unknown@formal@none@1@S@Younkers management is likely to buy a 10% to 20% interest in the chain in January, said Fred S. Hubbell, Equitable's president and chief executive officer.@@@@1@26@@oe@2-2-2013
20156007@unknown@formal@none@1@S@He said Equitable hopes to eventually reduce its stake in Younkers to less than 50%.@@@@1@15@@oe@2-2-2013
20157001@unknown@formal@none@1@S@Tony Lama Co. said that Equus Investment II Limited Partnership has proposed changing the offer for the company to $13.65 in cash and stock from an all-cash transaction.@@@@1@28@@oe@2-2-2013
20157002@unknown@formal@none@1@S@Under terms of the new proposal, Equus, managed by Equus Capital Corp., Houston, would pay $12 cash and one new preferred share with a liquidation preference of $1.65 a share for each of Tony Lama's 2.1 million shares outstanding.@@@@1@39@@oe@2-2-2013
20157003@unknown@formal@none@1@S@Previously, it offered $13.65 a share in cash, or $29 million.@@@@1@11@@oe@2-2-2013
20157004@unknown@formal@none@1@S@The El Paso, Texas, maker of Western boots and leather accessories said the preferred stock would accrue dividends at a 12% rate, but wouldn't be paid for the first two years.@@@@1@31@@oe@2-2-2013
20157005@unknown@formal@none@1@S@The stock would be redeemed in five years, subject to terms of the surviving company's debt.@@@@1@16@@oe@2-2-2013
20157006@unknown@formal@none@1@S@Neither Equus nor Tony Lama gave a reason for the changed offer and Tony Lama couldn't be reached for comment.@@@@1@20@@oe@2-2-2013
20157007@unknown@formal@none@1@S@However, Tony Lama said it would promptly submit the offer to a special committee of the company's board.@@@@1@18@@oe@2-2-2013
20158001@unknown@formal@none@1@S@Reuters Holdings PLC said Michael Reupke resigned as general manager to pursue unspecified interests, a move the news organization termed an "amicable separation."@@@@1@23@@oe@2-2-2013
20158002@unknown@formal@none@1@S@Mr. Reupke, 52 years old and a 27-year Reuters veteran, had been the information-services company's general manager for only six months.@@@@1@21@@oe@2-2-2013
20158003@unknown@formal@none@1@S@His appointment to that post, which has senior administrative, staff and policy responsibilities, followed a several-year tenure as Reuters's editor in chief.@@@@1@22@@oe@2-2-2013
20158004@unknown@formal@none@1@S@No successor was named, and Mr. Reupke's duties will be split among three other senior Reuters executives, the company said.@@@@1@20@@oe@2-2-2013
20158005@unknown@formal@none@1@S@In a telephone interview, Mr. Reupke said his departure was for "personal reasons," which he declined to specify.@@@@1@18@@oe@2-2-2013
20158006@unknown@formal@none@1@S@"There is no business reason for my departure," nor any disagreement over policy, he added.@@@@1@15@@oe@2-2-2013
20158007@unknown@formal@none@1@S@He also rejected reports that his departure stemmed from disappointment the general manager's post hadn't also led to a board directorship at the London-based news organization.@@@@1@26@@oe@2-2-2013
20158008@unknown@formal@none@1@S@Mr. Reupke was one of three executives on Reuters's eight-person executive committee who didn't also serve on the company's board of directors.@@@@1@22@@oe@2-2-2013
20158009@unknown@formal@none@1@S@"If I were choosing the people of tomorrow, I would have chosen the people who are now on the board," he said.@@@@1@22@@oe@2-2-2013
20158010@unknown@formal@none@1@S@A Reuters spokesman said the departure reflects "no change in strategy or profits."@@@@1@13@@oe@2-2-2013
20158011@unknown@formal@none@1@S@Mark Shepperd, an analyst at UBS Phillips & Drew in London, said, "I suspect (the departure) will be fairly irrelevant for the company.@@@@1@23@@oe@2-2-2013
20158012@unknown@formal@none@1@S@I would be very surprised if his departure signals any change in strategy or change in profit expectations."@@@@1@18@@oe@2-2-2013
20158013@unknown@formal@none@1@S@On London's Stock Exchange, Reuters shares rose five pence to 913 pence ($14.43).@@@@1@13@@oe@2-2-2013
20158014@unknown@formal@none@1@S@In the U.S. over-the-counter market, American depositary shares for Reuters, each representing three shares in the London market, closed unchanged at $43.875.@@@@1@22@@oe@2-2-2013
20158015@unknown@formal@none@1@S@The senior of the three executives who will assume Mr. Reupke's duties is Nigel Judah, 58, finance director and a Reuters board director.@@@@1@23@@oe@2-2-2013
20158016@unknown@formal@none@1@S@Peter Holland, 45, deputy general manager, becomes director of corporate affairs.@@@@1@11@@oe@2-2-2013
20158017@unknown@formal@none@1@S@And Patrick Mannix, 46, international technical manager, becomes director of group quality programs.@@@@1@13@@oe@2-2-2013
20159001@unknown@formal@none@1@S@DD Acquisition Corp., a partnership of Unicorp Canada Corp.'s Kingsbridge Capital Group and Cara Operations Ltd., extended to Nov. 20 its $45-a-share offer for all Dunkin' Donuts Inc. shares outstanding.@@@@1@30@@oe@2-2-2013
20159002@unknown@formal@none@1@S@The offer, which was due to expire yesterday, is conditional on 50.1% of Dunkin' common shares, on a fully diluted basis, being tendered and on the withdrawal of the company's poison pill rights plan.@@@@1@34@@oe@2-2-2013
20159003@unknown@formal@none@1@S@DD Acquisition has launched a suit in a Delaware court seeking the withdrawal of Dunkin's poison pill rights and employee stock ownership plans, which it claims were put in place to deter bidders.@@@@1@33@@oe@2-2-2013
20159004@unknown@formal@none@1@S@DD Acquisition said 2.2 million shares, or about 38.5% of the shares outstanding, have been tendered under its offer.@@@@1@19@@oe@2-2-2013
20159005@unknown@formal@none@1@S@The partners said they already hold 15% of all shares outstanding.@@@@1@11@@oe@2-2-2013
20159006@unknown@formal@none@1@S@Dunkin' has set Nov. 10 as the deadline for the receipt of any competing bids.@@@@1@15@@oe@2-2-2013
20159007@unknown@formal@none@1@S@DD Acquisition said the extension is to allow this process to be completed.@@@@1@13@@oe@2-2-2013
20159008@unknown@formal@none@1@S@Dunkin' is based in Randolph, Mass.@@@@1@6@@oe@2-2-2013
20159009@unknown@formal@none@1@S@Cara, a food services chain operator and Unicorp, a holding company, are based in Toronto.@@@@1@15@@oe@2-2-2013
20160001@unknown@formal@none@1@S@Savin Corp. reported a third-quarter net loss of $35.2 million, or 31 cents a share, compared with year-earlier profit of $3.8 million, or one cent a share.@@@@1@27@@oe@2-2-2013
20160002@unknown@formal@none@1@S@A spokesman for the Stamford, Conn.based company said operations had a loss of $5.5 million for the quarter; in addition, the loss was magnified by nonrecurring charges totaling $23.5 million and $8.2 million in asset-valuation adjustments that he described as "unusual."@@@@1@41@@oe@2-2-2013
20160003@unknown@formal@none@1@S@The charges were partly offset by a $2 million gain on the sale of investments of two joint ventures, he said.@@@@1@21@@oe@2-2-2013
20160004@unknown@formal@none@1@S@Revenue declined 8% to $85.7 million, from $93.3 million a year earlier.@@@@1@12@@oe@2-2-2013
20160005@unknown@formal@none@1@S@Savin cited "a general softening in the demand for office products in the market segments in which Savin competes.@@@@1@19@@oe@2-2-2013
20161001@unknown@formal@none@1@S@Hadson Corp. said it expects to report a third-quarter net loss of $17 million to $19 million because of special reserves and continued low natural-gas prices.@@@@1@26@@oe@2-2-2013
20161002@unknown@formal@none@1@S@The Oklahoma City energy and defense concern said it will record a $7.5 million reserve for its defense group, including a $4.7 million charge related to problems under a fixed-price development contract and $2.8 million in overhead costs that won't be reimbursed.@@@@1@42@@oe@2-2-2013
20161003@unknown@formal@none@1@S@In addition, Hadson said it will write off about $3.5 million in costs related to international exploration leases where exploration efforts have been unsuccessful.@@@@1@24@@oe@2-2-2013
20161004@unknown@formal@none@1@S@The company also cited interest costs and amortization of goodwill as factors in the loss.@@@@1@15@@oe@2-2-2013
20161005@unknown@formal@none@1@S@A year earlier, net income was $2.1 million, or six cents a share, on revenue of $169.9 million.@@@@1@18@@oe@2-2-2013
20162001@unknown@formal@none@1@S@A lack of enthusiasm with the latest economic data hampered the stock market's bid to extend Tuesday's sharp gains, as prices closed slightly higher in sluggish trading.@@@@1@27@@oe@2-2-2013
20162002@unknown@formal@none@1@S@While renewed optimism about the outlook for takeover activity boosted several so-called deal stocks, traders said profit-taking weighed on the market, with blue-chips bearing the brunt of the selling.@@@@1@29@@oe@2-2-2013
20162003@unknown@formal@none@1@S@The Dow Jones Industrial Average, which had jumped 41.60 points on Tuesday, drifted on either side of its previous close and finished with a gain of just 0.82 at 2645.90.@@@@1@30@@oe@2-2-2013
20162004@unknown@formal@none@1@S@Standard & Poor's 500-Stock Index added 0.84 to 341.20; the rise was equivalent to a gain of about six points in the industrial average.@@@@1@24@@oe@2-2-2013
20162005@unknown@formal@none@1@S@The Dow Jones Equity Market Index gained 0.99 to 319.75 and the New York Stock Exchange Composite Index went up 0.60 to 188.84.@@@@1@23@@oe@2-2-2013
20162006@unknown@formal@none@1@S@Advancing stocks led decliners on the New York Stock Exchange by 847 to 644.@@@@1@14@@oe@2-2-2013
20162007@unknown@formal@none@1@S@Big Board volume amounted to 154,240,000 shares, down from 176.1 million Tuesday.@@@@1@12@@oe@2-2-2013
20162008@unknown@formal@none@1@S@The October survey of corporate purchasing managers, as expected, provided evidence that economic growth remains subdued.@@@@1@16@@oe@2-2-2013
20162009@unknown@formal@none@1@S@An index of economic activity drawn from the survey stood last month at 47.6%; a reading above 50% would have indicated that the manufacturing sector was improving.@@@@1@27@@oe@2-2-2013
20162010@unknown@formal@none@1@S@But with the index proving somewhat better than expected and the widely anticipated report on October employment scheduled to arrive tomorrow, stock prices firmed only modestly in response to the report and then faltered.@@@@1@34@@oe@2-2-2013
20162011@unknown@formal@none@1@S@"This market's still going through its pains," said Philip Puccio, head of equity trading at Prudential-Bache Securities.@@@@1@17@@oe@2-2-2013
20162012@unknown@formal@none@1@S@"The psychology is still: `We want (stocks) up, but if they don't carry we're going to sell them.'"@@@@1@18@@oe@2-2-2013
20162013@unknown@formal@none@1@S@Uncertainty about the prospects for further action to curtail stock-index arbitrage, a form of program trading blamed for recent volatility in the market, also contributed to its lack of direction, Mr. Puccio said.@@@@1@33@@oe@2-2-2013
20162014@unknown@formal@none@1@S@Arbitrage-related trading during the session was confined largely to a round of buy programs near the close, which helped offset the impact of profit-taking among blue chips.@@@@1@27@@oe@2-2-2013
20162015@unknown@formal@none@1@S@Trading is expected to remain subdued as the market awaits tomorrow's release of the jobs data with the hope that it will point toward a decline in interest rates.@@@@1@29@@oe@2-2-2013