21018008@unknown@formal@none@1@S@Chairman Antonio Asensio will retain a 70% share in Zeta.@@@@1@10@@oe@2-2-2013
21019001@unknown@formal@none@1@S@The New York Stock Exchange is expected to launch its own program trading vehicle today, just as controversy over this trading strategy heats up.@@@@1@24@@oe@2-2-2013
21019002@unknown@formal@none@1@S@The Big Board this morning plans to begin trading its Exchange Stock Portfolio "basket" product, the first program-trading vehicle carrying the exchange's seal of approval.@@@@1@25@@oe@2-2-2013
21019003@unknown@formal@none@1@S@ESPs will allow institutional investors to buy or sell all 500 stocks in Standard & Poor's index in a single trade of a minimum of $5 million.@@@@1@27@@oe@2-2-2013
21019004@unknown@formal@none@1@S@"Customized" baskets of fewer stocks will also be available.@@@@1@9@@oe@2-2-2013
21019005@unknown@formal@none@1@S@The Securities and Exchange Commission gave provisional six-month approval to the Big Board basket at a meeting late yesterday.@@@@1@19@@oe@2-2-2013
21019006@unknown@formal@none@1@S@The SEC at the same time approved a similar but smaller basket product on the Chicago Board Options Exchange, where the minimum will be $1.7 million.@@@@1@26@@oe@2-2-2013
21019007@unknown@formal@none@1@S@Also approved was a plan to trade stock portfolios by computer after regular hours on the Midwest Stock Exchange.@@@@1@19@@oe@2-2-2013
21019008@unknown@formal@none@1@S@The basket products are "an evolutionary step" in solving problems in trading big blocks of stock that came to light in the 1987 market crash, said SEC Commissioner Joseph Grundfest.@@@@1@30@@oe@2-2-2013
21019009@unknown@formal@none@1@S@New SEC Chairman Richard Breeden, overseeing his first public meeting, said there have been concerns that the Big Board's basket could attract investors with a "short-term perspective" who would rapidly turn over the product, thus increasing volatility.@@@@1@37@@oe@2-2-2013
21019010@unknown@formal@none@1@S@But Richard Ketchum, the SEC's market regulation chief, said he didn't believe "this will spawn dramatic new program-trading strategies that will be destabilizing."@@@@1@23@@oe@2-2-2013
21019011@unknown@formal@none@1@S@The baskets on the Big Board and CBOE -- which involve the actual S&P stocks, unlike the stock-index contracts currently traded on the Chicago futures markets, and index options on the CBOE -- will begin trading as critics step up their attacks on program trading and its contributions to the stock market's wild price swings.@@@@1@55@@oe@2-2-2013
21019012@unknown@formal@none@1@S@The Big Board argues that its new product will help rather than hurt the situation by possibly drawing business from more-volatile forms of program trading.@@@@1@25@@oe@2-2-2013
21019013@unknown@formal@none@1@S@ESPs are also an attempt by the Big Board to head off the exodus of program trading business to overseas markets such as London.@@@@1@24@@oe@2-2-2013
21019014@unknown@formal@none@1@S@Big Board officials also hope Japanese investors will become interested in the exchange's product.@@@@1@14@@oe@2-2-2013
21019015@unknown@formal@none@1@S@Already, many of the Big Board's own floor traders are warning that the ESP baskets are risky and not in the best interests of the investing public.@@@@1@27@@oe@2-2-2013
21019016@unknown@formal@none@1@S@The 400-member Alliance of Floor Brokers said the new product, with the $5 million minimum, will benefit only big institutional investors and could lead to "wild spasms of volatility."@@@@1@29@@oe@2-2-2013
21019017@unknown@formal@none@1@S@Stockbrokers who cater to individual investors said the Big Board's new product confirms the exchange doesn't want to curtail program trading, which last month accounted for a record 13.8% of the exchange's average daily volume.@@@@1@35@@oe@2-2-2013
21019018@unknown@formal@none@1@S@"The New York Stock Exchange is losing its cool here," said James Andrews, head of institutional trading at Janney Montgomery Scott Inc. in Philadelphia.@@@@1@24@@oe@2-2-2013
21019019@unknown@formal@none@1@S@The new stock baskets "are going to make it easier for program trading to be done.@@@@1@16@@oe@2-2-2013
21019020@unknown@formal@none@1@S@And it's going to be done more frequently as the result of having more access to it at different places."@@@@1@20@@oe@2-2-2013
21019021@unknown@formal@none@1@S@Both the Big Board's Exchange Stock Portfolio and the Chicago exchange's Market Basket are designed for institutional investors.@@@@1@18@@oe@2-2-2013
21019022@unknown@formal@none@1@S@The Big Board lists its targets as pension plans, mutual fund managers and index-arbitrage traders.@@@@1@15@@oe@2-2-2013
21019023@unknown@formal@none@1@S@In index arbitrage, program traders buy and sell stocks and stock-index futures to profit from small price discrepancies between the markets.@@@@1@21@@oe@2-2-2013
21019024@unknown@formal@none@1@S@At the same time, only four securities firms have signed up with the Big Board to buy and sell ESPs as market makers, an unenthusiastic response.@@@@1@26@@oe@2-2-2013
21019025@unknown@formal@none@1@S@The market makers so far are CS First Boston Group's First Boston Corp. unit, Morgan Stanley & Co., PaineWebber Group Inc. and Salomon Inc.'s Salomon Brothers Inc. unit.@@@@1@28@@oe@2-2-2013
21019026@unknown@formal@none@1@S@Kidder, Peabody & Co., a General Electric Co. unit that has become the biggest program trader along with Morgan Stanley, isn't a market maker, although the Big Board hopes that will change.@@@@1@32@@oe@2-2-2013
21019027@unknown@formal@none@1@S@Similarly, the Big Board hopes to entice Merrill Lynch & Co.@@@@1@11@@oe@2-2-2013
21019028@unknown@formal@none@1@S@Neither has plans to be a market maker for now.@@@@1@10@@oe@2-2-2013
21019029@unknown@formal@none@1@S@Traders said major securities firms are reluctant to become market makers because they fear the baskets may attract only limited trading.@@@@1@21@@oe@2-2-2013
21019030@unknown@formal@none@1@S@Big Board officials say only 25 contracts a day may trade at first, equivalent to a day's action at a small, regional exchange.@@@@1@23@@oe@2-2-2013
21019031@unknown@formal@none@1@S@Even though the Big Board says its product represents a post-crash "reform," some traders suggest that if the new basket had been trading during this month's Friday the 13th market plunge, the Dow Jones Industrial Average might have dropped more than the 190 points it did.@@@@1@46@@oe@2-2-2013
21019032@unknown@formal@none@1@S@With the futures locked into a trading halt Oct. 13 and trading in some individual stock difficult, program traders would have undoubtedly fled to the basket system, the traders say.@@@@1@30@@oe@2-2-2013
21019033@unknown@formal@none@1@S@"If we had the baskets, we would be leaving in caskets," one trader said.@@@@1@14@@oe@2-2-2013
21019034@unknown@formal@none@1@S@The SEC's Mr. Breeden said the after-hours trading on the Midwest exchange would help the U.S. win back business that has moved overseas to conduct after-hours trades.@@@@1@27@@oe@2-2-2013
21020001@unknown@formal@none@1@S@Comprehensive Care Corp., which has agreed to be acquired by closely held First Hospital Corp., reported a $4.7 million loss for its Aug. 31 first quarter and said it is negotiating an extension of senior bank debt past its Oct. 18 due date.@@@@1@43@@oe@2-2-2013
21020002@unknown@formal@none@1@S@In composite trading yesterday on the New York Stock Exchange, Comprehensive Care shares plunged $3.625 to close at $4.75 on volume of 1,177,000 shares.@@@@1@24@@oe@2-2-2013
21020003@unknown@formal@none@1@S@The loss in Comprehensive Care's latest quarter is equal to 46 cents a share.@@@@1@14@@oe@2-2-2013
21020004@unknown@formal@none@1@S@In the year-earlier quarter, Comprehensive Care earned $1.6 million, or 18 cents a share.@@@@1@14@@oe@2-2-2013
21020005@unknown@formal@none@1@S@Revenue in the latest quarter fell 17% to $44 million from $53.2 million, the company said, reflecting poor utilization of the company's facilities and its behavioral medicine contracts.@@@@1@28@@oe@2-2-2013
21020006@unknown@formal@none@1@S@Comprehensive Care shareholders have approved acquisition of the developer and operator of Care-Unit chemical dependency and psychiatric programs for about $58 million in cash, notes and stock of First Hospital, Norfolk, Va.@@@@1@32@@oe@2-2-2013
21020007@unknown@formal@none@1@S@The price was reduced last August from an indicated value of $76 million.@@@@1@13@@oe@2-2-2013
21020008@unknown@formal@none@1@S@Comprehensive Care said First Hospital had advised it that both bank debt and senior notes would be repaid after the acquisition, although it isn't assured the acquisition will be completed.@@@@1@30@@oe@2-2-2013
21020009@unknown@formal@none@1@S@If it isn't completed, Comprehensive Care said it would be "required to promptly restructure its debt."@@@@1@16@@oe@2-2-2013
21020010@unknown@formal@none@1@S@First Hospital advised Comprehensive Care that an agent for the financial institutions providing financing of its acquisition is scheduled to make a final credit determination tomorrow, and that a favorable determination could result in a reorganization at Comprehensive Care "by the end of October."@@@@1@44@@oe@2-2-2013
21020011@unknown@formal@none@1@S@Failure to win such a determination, however, would lead Comprehensive Care directors to "consider various alternatives," Comprehensive Care said, without elaborating.@@@@1@21@@oe@2-2-2013
21020012@unknown@formal@none@1@S@Separately, First Hospital reported a 1.6% rise in net income to $6.1 million for its year ended June 30 on a 27% increase in revenue to $110.6 million.@@@@1@28@@oe@2-2-2013
21020013@unknown@formal@none@1@S@It said, however, that net income for the two-month period ended Aug. 31 plunged to $150,000 from $851,000 in the prior year on a 33% rise in revenue to $21.4 million.@@@@1@31@@oe@2-2-2013
21021001@unknown@formal@none@1@S@A group including New York investors Douglas A. Kass and Anthony Pedone holds the equivalent of a 12.6% stake in H.H. Robertson Co.'s common shares outstanding, according to a filing with the Securities and Exchange Commission.@@@@1@36@@oe@2-2-2013
21021002@unknown@formal@none@1@S@Officials of Pittsburgh-based H.H. Robertson, which makes steel roofs, store fronts and building parts, declined comment.@@@@1@16@@oe@2-2-2013
21021003@unknown@formal@none@1@S@As reported last month, Mr. Kass said he was interested in making an offer to buy H.H. Robertson for $13 a share.@@@@1@22@@oe@2-2-2013
21021004@unknown@formal@none@1@S@In the SEC filing, the Kass-Pedone group said it intends to acquire additional H.H. Robertson shares "with a view towards a possible change in control of the company."@@@@1@28@@oe@2-2-2013
21021005@unknown@formal@none@1@S@It has not, however, made a formal proposal.@@@@1@8@@oe@2-2-2013
21021006@unknown@formal@none@1@S@The group also is engaged in talks with third parties regarding obtaining financing to buy more shares, but no agreements have yet been reached, the filing said.@@@@1@27@@oe@2-2-2013
21021007@unknown@formal@none@1@S@The group controls 795,900 H.H. Robertson common shares, assuming exercise of an option it acquired from Executive Life Insurance Co. to buy 497,400 shares.@@@@1@24@@oe@2-2-2013
21021008@unknown@formal@none@1@S@Its stake includes 106,100 shares bought in the open market from Aug. 30 to Oct. 18 for $10.375 to $12.125 a share.@@@@1@22@@oe@2-2-2013
21021009@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, H.H. Robertson closed at $11.625, up 62.5 cents.@@@@1@16@@oe@2-2-2013
21022001@unknown@formal@none@1@S@After coming close to a partial settlement a year ago, shareholders who filed civil suits against Ivan F. Boesky and the partnerships he once controlled again are approaching an accord, people familiar with the case said.@@@@1@36@@oe@2-2-2013
21022002@unknown@formal@none@1@S@Meanwhile, within the next few weeks, the limited partners in Ivan F. Boesky & Co. L.P. are expected to reach a partial settlement with Drexel Burnham Lambert Inc. regarding the distribution of the $330 million in partnership assets, said one of the individuals.@@@@1@43@@oe@2-2-2013
21022003@unknown@formal@none@1@S@Under the terms of the settlement, the limited partners would drop their civil suits against Drexel, now pending in federal court in New York, another individual said.@@@@1@27@@oe@2-2-2013
21022004@unknown@formal@none@1@S@Attorneys involved in the talks said that the parties were closer to accord than they were a year ago, when reports of an imminent agreement circulated.@@@@1@26@@oe@2-2-2013
21022005@unknown@formal@none@1@S@One individual said the shareholders' accord was "well worked out."@@@@1@10@@oe@2-2-2013
21022006@unknown@formal@none@1@S@However, less optimistic attorneys warned that because of the tangle of numerous defendants and plaintiffs with overlapping claims, there is always the possibility that the talks will again fall apart.@@@@1@30@@oe@2-2-2013
21022007@unknown@formal@none@1@S@A shareholders' accord would provide the first restitution to thousands of individuals and institutions claiming losses as a result of insider trading by Boesky & Co., once the largest arbitrage fund in the U.S.@@@@1@34@@oe@2-2-2013
21022008@unknown@formal@none@1@S@The plaintiffs are investors who bought and sold securities in which Mr. Boesky and his partnerships were dealing.@@@@1@18@@oe@2-2-2013
21022009@unknown@formal@none@1@S@Some claim they suffered losses because they sold while he was buying and others because they bought while he was selling.@@@@1@21@@oe@2-2-2013
21022010@unknown@formal@none@1@S@Stocks involved in the shareholder suits include Union Carbide, RJR Nabisco, American Natural Resources, Boise Cascade Corp., General Foods Corp., Houston Natural Gas and FMC Corp.@@@@1@26@@oe@2-2-2013
21022011@unknown@formal@none@1@S@There are at least 27 class-action shareholder suits that have been consolidated in federal court in New York under U.S. District Judge Milton Pollack.@@@@1@24@@oe@2-2-2013
21022012@unknown@formal@none@1@S@Among the defendants are Mr. Boesky; the now-defunct Ivan F. Boesky & Co.; Mr. Boesky's main underwriter, Drexel Burnham; and Cambrian & General Securities PLC, a British investment fund once controlled by Mr. Boesky.@@@@1@34@@oe@2-2-2013
21022013@unknown@formal@none@1@S@Individuals familiar with the negotiations said the partial settlement being negotiated would remove the Boesky partnership, the British fund and Mr. Boesky as defendants, while Drexel and other defendants would remain.@@@@1@31@@oe@2-2-2013
21022014@unknown@formal@none@1@S@Charles Davidow, of the Washington, D.C.-based law firm Wilmer, Cutler & Pickering, which represents Mr. Boesky in this matter, said only that "discussions are under way.@@@@1@26@@oe@2-2-2013
21022015@unknown@formal@none@1@S@There are no agreements yet."@@@@1@5@@oe@2-2-2013
21022016@unknown@formal@none@1@S@It has been three years since Mr. Boesky, now in prison, agreed to pay a $100 million fine to settle the government's charges that he had traded illegally using insider information.@@@@1@31@@oe@2-2-2013
21022017@unknown@formal@none@1@S@Out of this, the government set up a $50 million fund for plaintiffs who can prove their financial losses.@@@@1@19@@oe@2-2-2013
21022018@unknown@formal@none@1@S@According to William Orbe, an attorney at Grais & Richards, the escrow agents for the fund, as of Sept. 30 the fund amounted to $60.5 million.@@@@1@26@@oe@2-2-2013
21022019@unknown@formal@none@1@S@Separately, attorneys for the 42 or so limited partners have had serious discussions that could lead to the distribution of the partnership's assets.@@@@1@23@@oe@2-2-2013
21022020@unknown@formal@none@1@S@The limited partners include insurance companies, financial institutions and individual investors.@@@@1@11@@oe@2-2-2013
21022021@unknown@formal@none@1@S@An agreement with Drexel regarding the limited partners' investments is an essential step toward getting their money back.@@@@1@18@@oe@2-2-2013
21022022@unknown@formal@none@1@S@This is because a Delaware court earlier this year said that Drexel is entitled to get its money back before or at the same time as the limited partners.@@@@1@29@@oe@2-2-2013
21022023@unknown@formal@none@1@S@Drexel is owed $20 million by the partnership.@@@@1@8@@oe@2-2-2013
21022024@unknown@formal@none@1@S@An individual familiar with the negotiations said that whatever investments the limited partners do not recoup from the $330 million in partnership assets, they will receive from the $350 million restitution fund available as a result of Drexel's settlement with the government in December 1988.@@@@1@45@@oe@2-2-2013
21022025@unknown@formal@none@1@S@Drexel agreed to plead guilty to six felony counts and pay $650 million, of which $350 million was set aside for shareholders and other plaintiffs, including the limited partners, who claim they were injured by Drexel.@@@@1@36@@oe@2-2-2013
21022026@unknown@formal@none@1@S@JAILED AFRICAN-AMERICAN activist wins a battle against the@@@@1@8@@oe@2-2-2013
21022027@unknown@formal@none@1@S@U.S. District Judge Robert P. Patterson Jr. ordered the FBI to immediately begin processing Herman Benjamin Ferguson's request for documents stemming from the agency's investigation of him during the 1960s.@@@@1@30@@oe@2-2-2013
21022028@unknown@formal@none@1@S@The FBI had said it would not be able to begin processing the request until June@@@@1@16@@oe@2-2-2013
21022029@unknown@formal@none@1@S@Mr. Ferguson, who is 68 years old, fled the U.S. in 1970 after exhausting his appeals of a 1968 conviction on conspiracy to murder.@@@@1@24@@oe@2-2-2013
21022030@unknown@formal@none@1@S@He turned himself in to authorities in New York earlier this year.@@@@1@12@@oe@2-2-2013
21022031@unknown@formal@none@1@S@He maintains that the information from the FBI will help him get his 1968 conviction vacated and his bail-jumping indictment dismissed.@@@@1@21@@oe@2-2-2013
21022032@unknown@formal@none@1@S@His attorneys claim he was framed by the FBI and New York police as part of a campaign to destroy the black liberation movement of the 1960s.@@@@1@27@@oe@2-2-2013
21022033@unknown@formal@none@1@S@Because the federal Freedom of Information Act wasn't law at that time, the FBI wasn't required to turn over information on its investigations when Mr. Ferguson appealed his conviction in the 1960s.@@@@1@32@@oe@2-2-2013
21022034@unknown@formal@none@1@S@But in federal court in Manhattan, Judge Patterson said the FBI records could show that Mr. Ferguson's arrest was the result of questionable legal practices.@@@@1@25@@oe@2-2-2013
21022035@unknown@formal@none@1@S@The judge said that if the FBI's proposed schedule was followed in releasing the documents, "a delay of over one year will have occurred and plaintiff will have served approximately two-thirds of his 3 1/2-year minimum sentence by the time he receives the files."@@@@1@44@@oe@2-2-2013
21022036@unknown@formal@none@1@S@Gabriel W. Gorenstein, the assistant U.S. attorney handling the case for the FBI, said no decision has been made about appealing the judge's ruling.@@@@1@24@@oe@2-2-2013
21022037@unknown@formal@none@1@S@FEDERAL COURTS URGED to cut costs and reduce delays of civil suits.@@@@1@12@@oe@2-2-2013
21022038@unknown@formal@none@1@S@The study, conducted by a task force of the Brookings Institution, suggests that Congress should require the courts to develop the plans.@@@@1@22@@oe@2-2-2013
21022039@unknown@formal@none@1@S@The study was initiated by Senate Judiciary Committee chairman Joseph Biden (D., Del.).@@@@1@13@@oe@2-2-2013
21022040@unknown@formal@none@1@S@The Washington, D.C., think tank recommends that the courts adopt different "tracks" for different types of civil cases in order to separate the handling of highly complex suits from simpler ones.@@@@1@31@@oe@2-2-2013
21022041@unknown@formal@none@1@S@Complex cases, such as antitrust suits and many business disputes, would receive intense supervision by federal judges to keep pretrial proceedings moving.@@@@1@22@@oe@2-2-2013
21022042@unknown@formal@none@1@S@Standard cases would require less judicial attention, and fast-track cases could be resolved quickly.@@@@1@14@@oe@2-2-2013
21022043@unknown@formal@none@1@S@The study also said each federal court should set strict time limits for the pretrial exchange of documents and evidence, ranging from as much as 100 days for cases in the fast track to as much as 18 months for complex disputes.@@@@1@42@@oe@2-2-2013
21022044@unknown@formal@none@1@S@And the study said federal courts should set firm trial dates early in the process.@@@@1@15@@oe@2-2-2013
21022045@unknown@formal@none@1@S@To take advantage of local expertise and custom, the study said, Congress should require each of the 94 federal district courts to adopt its own plan to speed the handling of civil suits and to reduce the high costs in civil cases.@@@@1@42@@oe@2-2-2013
21022046@unknown@formal@none@1@S@Although some of the study's recommendations resemble those of similar projects, the makeup of the task force was unusually diverse, adding significance to the effort.@@@@1@25@@oe@2-2-2013
21022047@unknown@formal@none@1@S@It included lawyers from civil rights and consumer groups, plaintiffs' lawyers and defense attorneys, corporate counsel and law professors.@@@@1@19@@oe@2-2-2013
21023001@unknown@formal@none@1@S@Businessland Inc. said it purchased a major regional computer retailer, Data Systems Computer Centre Inc., Springfield, New Jersey.@@@@1@18@@oe@2-2-2013
21023002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
21023003@unknown@formal@none@1@S@The purchase strengthens San Jose, Calif.-based Businessland's links to the large corporations who are among the biggest buyers of computers.@@@@1@20@@oe@2-2-2013
21023004@unknown@formal@none@1@S@Data Systems has five retail stores in the northeast, but specializes in selling personal computers made by International Business Machines Corp. and Apple Computer Inc. to banks, brokerage firms and other big businesses based in the New York metropolitan area.@@@@1@40@@oe@2-2-2013
21023005@unknown@formal@none@1@S@John Fitzsimmons, chief executive officer of Data Systems, said the company was profitable and expected sales of nearly $100 million this year.@@@@1@22@@oe@2-2-2013
21023006@unknown@formal@none@1@S@He said Businessland, which operates stores in 50 U.S. metropolitan areas, planned to absorb his firm's operations.@@@@1@17@@oe@2-2-2013
21024001@unknown@formal@none@1@S@Eastman Kodak Co. of Rochester, N.Y., said its Lehn & Fink Products subsidiary was restructured to form two operating groups, one for household products such as cleaners and disinfectants and the other for do-it-yourself products such as wood finishes and stains.@@@@1@41@@oe@2-2-2013
21024002@unknown@formal@none@1@S@The Montvale, N.J., unit said the new operating structure "creates a more focused and responsive organization geared to effectively managing the size and scope of the unit's current business."@@@@1@29@@oe@2-2-2013
21024003@unknown@formal@none@1@S@The consumer brands unit was absorbed by the photographic, pharmaceutical and chemical concern last year when it acquired Sterling Drug Inc.@@@@1@21@@oe@2-2-2013
21024004@unknown@formal@none@1@S@In a related matter, Peter Black, president of consumer brand Minwax, was named group vice president for the household products operating group.@@@@1@22@@oe@2-2-2013
21024005@unknown@formal@none@1@S@Kenneth M. Evans, president of Thompson & Formby brand, was named group vice president of the do-it-yourself operating group.@@@@1@19@@oe@2-2-2013
21025001@unknown@formal@none@1@S@Sotheby's Holdings Inc., the parent of the auction house Sotheby's, said its net loss for the seasonally slow third quarter narrowed from a year earlier on a leap in operating revenue.@@@@1@31@@oe@2-2-2013
21025002@unknown@formal@none@1@S@The New York-based company reported a third-quarter net loss of $5.1 million, or 10 cents a share, compared with a year-earlier net loss of $6.2 million, or 12 cents a share.@@@@1@31@@oe@2-2-2013
21025003@unknown@formal@none@1@S@Operating revenue surged 54% in the latest period to $42.9 million from $27.7 million.@@@@1@14@@oe@2-2-2013
21025004@unknown@formal@none@1@S@The company said 80% of its auction business is usually conducted in the second and fourth quarters, with the current quarter having begun "extremely well.@@@@1@25@@oe@2-2-2013
21026001@unknown@formal@none@1@S@West Texas Intermediate, the U.S. benchmark crude, seemed tethered again yesterday in trading on the New York Mercantile Exchange.@@@@1@19@@oe@2-2-2013
21026002@unknown@formal@none@1@S@Widely expected to open 10 to 15 cents a barrel higher on the strength of statistics from the American Petroleum Institute, the December contract managed to start the session only eight cents higher.@@@@1@33@@oe@2-2-2013
21026003@unknown@formal@none@1@S@In the last hour of the trading day, December contract took a tumble to end the session 10 cents lower at $19.62 a barrel.@@@@1@24@@oe@2-2-2013
21026004@unknown@formal@none@1@S@And now that the price has fallen below $19.65, which many had said showed considerable resistance, some traders and analysts figure there's little to stop the price from going lower on technical decisions.@@@@1@33@@oe@2-2-2013
21026005@unknown@formal@none@1@S@With no petroleum-related news or changes in the fundamentals to dictate price moves, "technicians are wanting to sell this stuff," said Eric Bolling of Edge Trading Corp.@@@@1@27@@oe@2-2-2013
21026006@unknown@formal@none@1@S@"And short-term, the technicians may have their way."@@@@1@8@@oe@2-2-2013
21026007@unknown@formal@none@1@S@The market quickly discounted the weekly inventory report showing a 6.3 million barrel decrease in U.S. crude oil stocks as the legacy of Hurricane Jerry.@@@@1@25@@oe@2-2-2013
21026008@unknown@formal@none@1@S@That storm hit the Gulf Coast Oct. 13, closing the Louisiana Offshore Oil Port for a time and preventing tankers from unloading.@@@@1@22@@oe@2-2-2013
21026009@unknown@formal@none@1@S@Next week's report could very well show an increase in crude inventories.@@@@1@12@@oe@2-2-2013
21026010@unknown@formal@none@1@S@Dismissing the trade group's numbers left traders plenty of time to worry anew about the latest reports on OPEC production.@@@@1@20@@oe@2-2-2013
21026011@unknown@formal@none@1@S@An AP-Dow Jones survey of integrated oil companies, independent refiners, and oil industry consultants indicates that the Organization of Petroleum Exporting Countries increased its production to 22.2 million barrels a day in September.@@@@1@33@@oe@2-2-2013
21026012@unknown@formal@none@1@S@Estimates suggest October's figure may be even higher.@@@@1@8@@oe@2-2-2013
21026013@unknown@formal@none@1@S@That level of production isn't of much concern as long as demand continues strong, analysts said.@@@@1@16@@oe@2-2-2013
21026014@unknown@formal@none@1@S@But the first quarter of the year is generally the weakest and OPEC production doesn't seem to be slackening in anticipation of that.@@@@1@23@@oe@2-2-2013
21026015@unknown@formal@none@1@S@Also, maintaining current demand assumes no significant slowdown in world economies.@@@@1@11@@oe@2-2-2013
21026016@unknown@formal@none@1@S@To top off the bearish factors affecting yesterday's trading, late October weather, especially in the Northeast U.S., continues to be very moderate, leaving heating oil futures trading lackluster.@@@@1@28@@oe@2-2-2013
21026017@unknown@formal@none@1@S@"We aren't seeing any cold weather here," Mr. Bolling said from New York.@@@@1@13@@oe@2-2-2013
21026018@unknown@formal@none@1@S@In other commodity markets yesterday:@@@@1@5@@oe@2-2-2013
21026019@unknown@formal@none@1@S@GRAINS AND SOYBEANS:@@@@1@3@@oe@2-2-2013
21026020@unknown@formal@none@1@S@Soybean and corn futures prices moved higher on the strength of buying from commodity pool managers trying to profit from technical price trends, as well as continued export strength.@@@@1@29@@oe@2-2-2013
21026021@unknown@formal@none@1@S@A leveling off of farmer selling tied to the harvest also removed some of the downward pressure on futures contract prices.@@@@1@21@@oe@2-2-2013
21026022@unknown@formal@none@1@S@Wheat futures prices fell, however, at least partly in reaction to the rumored selling of futures contracts equal to several million bushels of wheat by commodity speculator Richard Dennis.@@@@1@29@@oe@2-2-2013
21026023@unknown@formal@none@1@S@Neither Mr. Dennis nor officials of his Chicago trading company, C&D Commodities, could be reached for comment.@@@@1@17@@oe@2-2-2013
21026024@unknown@formal@none@1@S@As for corn and soybean futures, "a lot of commission house buying this morning and computer-driven buying" supported prices in early trading, said Steven Freed, a futures analyst with Dean Witter Reynolds Inc. in Chicago.@@@@1@35@@oe@2-2-2013
21026025@unknown@formal@none@1@S@Soybean futures for November delivery gained 5.25 cents a bushel to close at $5.66 a bushel on the Chicago Board of Trade.@@@@1@22@@oe@2-2-2013
21026026@unknown@formal@none@1@S@December corn futures added 2.25 cents a bushel to close at $2.4225 a bushel on the Board of Trade.@@@@1@19@@oe@2-2-2013
21026027@unknown@formal@none@1@S@Announced and anticipated purchases from foreign countries are also supporting futures prices.@@@@1@12@@oe@2-2-2013
21026028@unknown@formal@none@1@S@"Russian ships are arriving in the gulf and there isn't enough grain in the pipeline," said Katharina Zimmer, a futures analyst with Merrill Lynch & Co. in New York.@@@@1@29@@oe@2-2-2013
21026029@unknown@formal@none@1@S@The Soviet Union has purchased roughly eight million tons of grain this month, and is expected to take delivery by year end, analysts said.@@@@1@24@@oe@2-2-2013
21026030@unknown@formal@none@1@S@COTTON:@@@@1@1@@oe@2-2-2013
21026031@unknown@formal@none@1@S@Futures prices rose modestly, but trading volume wasn't very heavy.@@@@1@10@@oe@2-2-2013
21026032@unknown@formal@none@1@S@The December contract settled at 73.97 cents a pound, up 0.59 cent, but it rose as high as 74.20 cents.@@@@1@20@@oe@2-2-2013
21026033@unknown@formal@none@1@S@Several cotton analysts said that the move appeared to be mostly technical.@@@@1@12@@oe@2-2-2013
21026034@unknown@formal@none@1@S@Traders who had sold contracts earlier, in hopes of buying them back at lower prices, yesterday were buying contracts back at higher prices to limit their losses.@@@@1@27@@oe@2-2-2013
21026035@unknown@formal@none@1@S@Floor traders also said that the market could have been helped by rumors, which have been circulating for the past two days, about China purchasing cotton.@@@@1@26@@oe@2-2-2013
21026036@unknown@formal@none@1@S@The rumor, which has been neither confirmed nor denied, has China buying 125,000 to 200,000 bales for near-term delivery.@@@@1@19@@oe@2-2-2013
21026037@unknown@formal@none@1@S@One floor trader said that if there were Chinese purchases, they should have had a bigger effect on the market.@@@@1@20@@oe@2-2-2013
21026038@unknown@formal@none@1@S@Another said that if China was a buyer, it would be the earliest that country had made purchases since the 1979-80 crop year, and thus would be a bullish sign.@@@@1@30@@oe@2-2-2013
21026039@unknown@formal@none@1@S@This trader characterized the recent price action as a contest between the fundamentalists, who see higher prices ahead, and the technicians, who are basically buying cotton toward the bottom of the current trading range, around 71 cents, and selling it when the price climbs more than 74 cents.@@@@1@48@@oe@2-2-2013
21026040@unknown@formal@none@1@S@This trader said that he thought the market would turn aggressively bullish from a technical standpoint if the December contract was able to exceed 75.75 cents.@@@@1@26@@oe@2-2-2013
21026041@unknown@formal@none@1@S@He also noted that stocks on Aug. 1, 1990, are currently projected at 3.3 million bales, the smallest end-of-season supply since 1985.@@@@1@22@@oe@2-2-2013
21026042@unknown@formal@none@1@S@COCOA:@@@@1@1@@oe@2-2-2013
21026043@unknown@formal@none@1@S@The modest sell-off, which started on Tuesday, continued.@@@@1@8@@oe@2-2-2013
21026044@unknown@formal@none@1@S@The December contract ended at $999 a metric ton, down $15.@@@@1@11@@oe@2-2-2013
21026045@unknown@formal@none@1@S@The market is drifting, at least partly, because of a lack of crop information out of Ghana and the Ivory Coast, the two largest African producers.@@@@1@26@@oe@2-2-2013
21026046@unknown@formal@none@1@S@Harry Schwartz, a soft commodity specialist for Cargill Investors Services in New York, said the only report Ghana has issued about the arrival of cocoa from the interior was for 7,839 metric tons as of Oct. 12.@@@@1@37@@oe@2-2-2013
21026047@unknown@formal@none@1@S@By this time last year, he noted, arrivals totaling 33,270 tons had been announced.@@@@1@14@@oe@2-2-2013
21026048@unknown@formal@none@1@S@A similar situation apparently exists in the Ivory Coast with no figures released yet this year, compared with 55,000 tons as of this time a year ago.@@@@1@27@@oe@2-2-2013
21026049@unknown@formal@none@1@S@He said that if little cocoa actually has arrived at the ports, shipping delays could result.@@@@1@16@@oe@2-2-2013
21026050@unknown@formal@none@1@S@This is the worry that probably brought steadiness to the market earlier in the week, he said.@@@@1@17@@oe@2-2-2013
21026051@unknown@formal@none@1@S@There was also some fear that without Ivory Coast cocoa a large French cocoa merchant, Cie. Financiere Sucre et Denrees, might not be able to deliver cocoa against the contracts it had sold earlier for December delivery in London.@@@@1@39@@oe@2-2-2013
21026052@unknown@formal@none@1@S@However, the French merchant has about 200,000 tons of old crop Ivory Coast cocoa stored in the Netherlands from an agreement it had negotiated with the Ivory Coast last spring.@@@@1@30@@oe@2-2-2013
21026053@unknown@formal@none@1@S@Cargill thinks that even though the merchant has a contract stating that it won't bring this cocoa to market until after March 1991, there is some evidence the contract has been modified.@@@@1@32@@oe@2-2-2013
21026054@unknown@formal@none@1@S@This modification, apparently, would permit the French merchant to deliver this cocoa, if necessary, against existing short positions.@@@@1@18@@oe@2-2-2013
21027001@unknown@formal@none@1@S@Richard D. Sutton, 64 years old, chairman of this bank-holding company, was named acting president and chief executive officer of the company and its First National Bank of Toms River subsidiary.@@@@1@31@@oe@2-2-2013
21027002@unknown@formal@none@1@S@Joseph W. Robertson, 61, was dismissed from those posts, the company said.@@@@1@12@@oe@2-2-2013
21027003@unknown@formal@none@1@S@He couldn't be reached and a company spokesman wouldn't comment on the dismissal.@@@@1@13@@oe@2-2-2013
21027004@unknown@formal@none@1@S@Mr. Robertson was also removed from the board of First National Bank of New Jersey-Salem County, another unit, and the Toms River bank.@@@@1@23@@oe@2-2-2013
21028001@unknown@formal@none@1@S@American Medical International Inc. said it hasn't received any other offers to acquire the owner and operator of hospitals, and took another step toward completion of its $3 billion acquisition by IMA Holdings Corp.@@@@1@34@@oe@2-2-2013
21028002@unknown@formal@none@1@S@Earlier this month IMA, an investment group that includes Chicago's Pritzker family and First Boston Corp., submitted a reduced bid for American Medical after it couldn't finance its initial offer.@@@@1@30@@oe@2-2-2013
21028003@unknown@formal@none@1@S@Under the new offer, IMA will pay $26.50 a share for 63 million shares, or about 86% of the shares outstanding.@@@@1@21@@oe@2-2-2013
21028004@unknown@formal@none@1@S@IMA also will assume $1.4 billion in debt.@@@@1@8@@oe@2-2-2013
21028005@unknown@formal@none@1@S@Yesterday, in composite trading on the New York Stock Exchange, AMI common closed at $23.625, up 12.5 cents, on volume of almost 1.8 million.@@@@1@24@@oe@2-2-2013
21028006@unknown@formal@none@1@S@Earlier, American Medical said it had been approached again by two other possible suitors, whom it wouldn't identify but who had previously submitted bids for the company.@@@@1@27@@oe@2-2-2013
21028007@unknown@formal@none@1@S@Yesterday, American Medical said that the two other parties told the company that they don't have any current intention of making a takeover bid.@@@@1@24@@oe@2-2-2013
21028008@unknown@formal@none@1@S@American Medical said its directors have approved what is, in effect, a draft of a solvency opinion on the acquisition, submitted by the Los Angeles-based investment banking and evaluation consulting firm of Houlian Lokey Howard & Zukin Inc.@@@@1@38@@oe@2-2-2013
21028009@unknown@formal@none@1@S@A final opinion must be approved prior to the acceptance of tendered shares for payment under the offer, which was due to expire at 12:01 a.m. EDT today.@@@@1@28@@oe@2-2-2013
21028010@unknown@formal@none@1@S@Separately, Moody's Investors Service Inc. downgraded the ratings of American Medical's senior and subordinated debt issues and those of its international affiliate.@@@@1@22@@oe@2-2-2013
21028011@unknown@formal@none@1@S@The downgrade anticipates completion of the IMA Holdings acquisition today, Moody's said.@@@@1@12@@oe@2-2-2013
21028012@unknown@formal@none@1@S@The ratings concern said the acquisition should result in pretax losses from operations because of increases in interest expense and charges for depreciation and amortization, but that it expects the losses to be reduced through productivity gains and above average growth of the company's hospitals.@@@@1@45@@oe@2-2-2013
21028013@unknown@formal@none@1@S@Moody's said the ratings anticipate a successful debt-reduction program and modest improvement in discretionary cash flow because of planned asset sales.@@@@1@21@@oe@2-2-2013
21028014@unknown@formal@none@1@S@Moody's changes affected the following issues:@@@@1@6@@oe@2-2-2013
21028015@unknown@formal@none@1@S@American Medical International: Senior notes, sinking-fund debentures, Euromarket notes, Eurobonds, Swiss franc bonds, unsecured loan stock to Ba3 from Baa2; convertible subordinated debentures, notes, and sinking-fund debentures to B2 from Baa3.@@@@1@31@@oe@2-2-2013
21028016@unknown@formal@none@1@S@American Medical International N.V.: Guaranteed Euroissues to Ba3 from Baa2.@@@@1@10@@oe@2-2-2013
21028017@unknown@formal@none@1@S@An American Medical spokeswoman said the Moody's downgrading was expected because of the nature of the takeover.@@@@1@17@@oe@2-2-2013
21029001@unknown@formal@none@1@S@Bay Financial Corp., Boston, which has been reporting big losses and warning of a possible bankruptcy-law filing, said it was sued by a holder.@@@@1@24@@oe@2-2-2013
21029002@unknown@formal@none@1@S@The real estate investment trust said the "purported class action suit," seeks "damages and other remedies under federal securities law and state law."@@@@1@23@@oe@2-2-2013
21029003@unknown@formal@none@1@S@Gerald E. Wilson, corporate secretary and legal counsel, said the company wouldn't disclose further details.@@@@1@15@@oe@2-2-2013
21029004@unknown@formal@none@1@S@He declined to name the shareholder, the plaintiff's lawyer or the court where the lawsuit was filed.@@@@1@17@@oe@2-2-2013
21029005@unknown@formal@none@1@S@Bay, which has substantial investments in the floundering Massachusetts market, reported a loss of $62 million, or $15.97 a share, for the fiscal year ended June 30.@@@@1@27@@oe@2-2-2013
21029006@unknown@formal@none@1@S@It has said it might seek bankruptcy-court protection from creditor lawsuits if it can't renegotiate its borrowings.@@@@1@17@@oe@2-2-2013
21029007@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Bay closed at $2.625, down 25 cents.@@@@1@14@@oe@2-2-2013
21030001@unknown@formal@none@1@S@Keith A. Tucker was named a director of this insurance and financial services concern.@@@@1@14@@oe@2-2-2013
21030002@unknown@formal@none@1@S@Mr. Tucker, 44 years old, is president of Trivest Securities Corp. and senior vice president of Trivest Inc., closely held investment companies based in Miami.@@@@1@25@@oe@2-2-2013
21030003@unknown@formal@none@1@S@His selection increases the size of the board to 12 members.@@@@1@11@@oe@2-2-2013
21030004@unknown@formal@none@1@S@Torchmark also said that Samuel E. Upchurch Jr., 37, vice president and general counsel, was selected to serve the remainder of the term vacated by John S.P. Samford, who resigned as director.@@@@1@32@@oe@2-2-2013
21031001@unknown@formal@none@1@S@Philip Morris Cos., New York, adopted a defense measure designed to make a hostile takeover prohibitively expensive.@@@@1@17@@oe@2-2-2013
21031002@unknown@formal@none@1@S@The giant foods, tobacco and brewing company said it will issue common-share purchase rights to shareholders of record Nov. 8.@@@@1@20@@oe@2-2-2013
21031003@unknown@formal@none@1@S@Under certain circumstances, the rights would entitle Philip Morris holders to buy shares of either the company or its acquirer for half price.@@@@1@23@@oe@2-2-2013
21031004@unknown@formal@none@1@S@The board isn't aware of any attempts to take over Philip Morris, the company said.@@@@1@15@@oe@2-2-2013
21031005@unknown@formal@none@1@S@As of Sept. 30, Philip Morris had 926 million shares outstanding.@@@@1@11@@oe@2-2-2013
21031006@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, Philip Morris shares closed yesterday at $43.50 each, down $1.@@@@1@19@@oe@2-2-2013
21032001@unknown@formal@none@1@S@Beghin-Say S.A. said that it plans to sell its remaining paper operations by the end of January as part of a drive to refocus on the food sector and lower its debt.@@@@1@32@@oe@2-2-2013
21032002@unknown@formal@none@1@S@The French unit of Ferruzzi Agricola Finanziaria also disclosed a 40% rise in its consolidated net profit for the first half of 1989, excluding nonrecurring items and after payments to minority interests.@@@@1@32@@oe@2-2-2013
21032003@unknown@formal@none@1@S@Beghin-Say said the sale will be done in two parts and will raise a total of 2.025 billion francs ($325 million).@@@@1@21@@oe@2-2-2013
21032004@unknown@formal@none@1@S@This will include the sale of its interest in the joint venture Beghin Corbehem to Feldemuehle AG.@@@@1@17@@oe@2-2-2013
21032005@unknown@formal@none@1@S@The West German paper company entered the venture in April 1988 by acquiring a 50% stake, also from Beghin-Say.@@@@1@19@@oe@2-2-2013
21032006@unknown@formal@none@1@S@The other part of the transaction will see Beghin-Say sell its 50% stake in its Kaysersberg paper affiliate to an unspecified unit of the petrochemical group Montedison S.p.A., which is also controlled by Ferruzzi.@@@@1@34@@oe@2-2-2013
21032007@unknown@formal@none@1@S@And in a separate transaction, Beghin-Say will sell its remaining 25% interest in A.T.B., a holding company for international trading assets, to an unspecified unit of Ferruzzi for 258 million francs.@@@@1@31@@oe@2-2-2013
21033001@unknown@formal@none@1@S@Esselte AB, the Stockholm office supplies company, as expected, proposed to acquire the 22% it doesn't own of its U.S. unit, Esselte Business Systems Inc.@@@@1@25@@oe@2-2-2013
21033002@unknown@formal@none@1@S@The price in the proposal is $43.50 for each of the 4.9 million shares the parent doesn't own, or $213.2 million.@@@@1@21@@oe@2-2-2013
21033003@unknown@formal@none@1@S@In New York Stock Exchange composite trading, Esselte closed yesterday at $43.50 a share, up $1.@@@@1@16@@oe@2-2-2013
21033004@unknown@formal@none@1@S@A committee of outside directors for the Garden City, N.Y., unit is evaluating the proposal; the parent asked it to respond by Oct. 31.@@@@1@24@@oe@2-2-2013
21033005@unknown@formal@none@1@S@The unit said it can provide no assurance a transaction will occur.@@@@1@12@@oe@2-2-2013
21033006@unknown@formal@none@1@S@Esselte AB sold the minority stake five years ago in a $40 million international share offering.@@@@1@16@@oe@2-2-2013
21033007@unknown@formal@none@1@S@The unit, which is the holding company for Esselte's non-Swedish units, accounted for 58% of sales and 71% of operating profit last year.@@@@1@23@@oe@2-2-2013
21033008@unknown@formal@none@1@S@Separately, Esselte Business Systems reported third-quarter net income fell 5.9% to $9.5 million, or 46 cents a share, from $10.1 million, or 49 cents a share, in the year-ago period.@@@@1@30@@oe@2-2-2013
21033009@unknown@formal@none@1@S@Sales rose 2.9% to $329.2 million from $320 million.@@@@1@9@@oe@2-2-2013
21034001@unknown@formal@none@1@S@House and Senate conferees agreed to continue production of Grumman Corp.'s F-14 and to provide more than $3.8 billion for the Strategic Defense Initiative during the current fiscal year.@@@@1@29@@oe@2-2-2013
21034002@unknown@formal@none@1@S@Industry officials and congressional aides said that the main points of a compromise defense authorization bill, hammered out during a flurry of private meetings over the past few days, provide a face-saving compromise for both the White House and House Democrats.@@@@1@41@@oe@2-2-2013
21034003@unknown@formal@none@1@S@Although conferees are still putting the finishing touches on the package, the final agreement could be announced as early as tomorrow.@@@@1@21@@oe@2-2-2013
21034004@unknown@formal@none@1@S@An announcement is more likely next week, though.@@@@1@8@@oe@2-2-2013
21034005@unknown@formal@none@1@S@President Bush and other supporters of SDI will be able to take credit for blocking House efforts to significantly cut the program to develop a space-based antimissile system, which already has cost some $17 billion.@@@@1@35@@oe@2-2-2013
21034006@unknown@formal@none@1@S@Senate Armed Services Committee Chairman Sam Nunn (D., Ga.) and other Senate conferees have opposed the House cuts, stalling for almost two months action on a number of big-ticket items in the Pentagon's budget.@@@@1@34@@oe@2-2-2013
21034007@unknown@formal@none@1@S@The Senate voted to authorize $4.5 billion for SDI spending in the current fiscal year, but the House, reflecting a dramatic erosion of support for the program, earmarked only $3.1 billion.@@@@1@31@@oe@2-2-2013
21034008@unknown@formal@none@1@S@Despite the widening gap between the two sides, conferees eventually followed the pattern set in previous years by opting to roughly split the difference.@@@@1@24@@oe@2-2-2013
21034009@unknown@formal@none@1@S@That would hold spending on the program at about the previous year's level.@@@@1@13@@oe@2-2-2013
21034010@unknown@formal@none@1@S@The decision to keep the embattled F-14's production line running for at least another year is an important victory for the House, and especially for Rep. Les Aspin (D., Wis.).@@@@1@30@@oe@2-2-2013
21034011@unknown@formal@none@1@S@As the head of the House conferees, Rep. Aspin has been under intense pressure from his colleagues to reject Senate provisions that would have abruptly cut further F-14 production.@@@@1@29@@oe@2-2-2013
21034012@unknown@formal@none@1@S@The package "provides a temporary, golden parachute for Grumman," according to one congressional aide familiar with the closed-door bargaining.@@@@1@19@@oe@2-2-2013
21034013@unknown@formal@none@1@S@But as part of the overall agreement, Grumman and its outspoken supporters on Capitol Hill effectively will be precluded from reopening the emotional issue in the debate over next year's budget.@@@@1@31@@oe@2-2-2013
21034014@unknown@formal@none@1@S@Defense Secretary Dick Cheney and most senators contend that the Navy's F-14 is too expensive in an era of shrinking Pentagon budgets.@@@@1@22@@oe@2-2-2013
21034015@unknown@formal@none@1@S@But the plane boasts a strong core of support in the House, where members are intent on saving Grumman jobs and are worried about potential shortages of carrier-based aircraft by the late 1990s.@@@@1@33@@oe@2-2-2013
21034016@unknown@formal@none@1@S@Conferees also agreed to Pentagon requests to earmark a total of nearly $1 billion for work on both mobile MX and Midgetman nuclear missiles, according to congressional aides.@@@@1@28@@oe@2-2-2013
21034017@unknown@formal@none@1@S@And lawmakers are putting the finishing touches on a compromise that would give the Air Force nearly all of the $2.4 billion it wants for production of Northrop Corp.'s radar-eluding B-2 bombers, which cost $530 million apiece.@@@@1@37@@oe@2-2-2013
21034018@unknown@formal@none@1@S@The final B-2 agreement is certain to require detailed testing and verification of the bomber's capabilities, but congressional aides said the accord won't include a House-passed provision that would have withheld production funds until Congress approves a cheaper, scaled-down version of the $70 billion fleet of 132 B-2s envisioned by the Pentagon.@@@@1@52@@oe@2-2-2013
21035001@unknown@formal@none@1@S@Consolidated Freightways Inc. reported a 77% drop in third-quarter net income, citing expected losses in its Emery Worldwide shipping business.@@@@1@20@@oe@2-2-2013
21035002@unknown@formal@none@1@S@The Menlo Park, Calif., company said net was $7.4 million, or 22 cents a share, down from $32.3 million, or 86 cents a share, a year ago.@@@@1@27@@oe@2-2-2013
21035003@unknown@formal@none@1@S@Revenue totaled $1.01 billion, a 43% increase from $704.4 million, reflecting the company's acquisition of Emery earlier this year.@@@@1@19@@oe@2-2-2013
21035004@unknown@formal@none@1@S@Profit also suffered because of "intense" discounting in its long-haul trucking business, the company said.@@@@1@15@@oe@2-2-2013
21035005@unknown@formal@none@1@S@Analysts had expected Consolidated to post a slim profit, and the company's stock was down only 25 cents to $30.25 in New York Stock Exchange composite trading yesterday.@@@@1@28@@oe@2-2-2013
21035006@unknown@formal@none@1@S@"They have to continue to tighten their belts," said Craig Kloner, an analyst at Goldman, Sachs & Co.@@@@1@18@@oe@2-2-2013
21036001@unknown@formal@none@1@S@A round of futures-related program selling near the close sent the stock market lower in otherwise directionless trading.@@@@1@18@@oe@2-2-2013
21036002@unknown@formal@none@1@S@Nervousness that the market hasn't seen the last of its recent volatility kept trading at a moderate pace, as did anticipation of a report on the economy's third-quarter performance.@@@@1@29@@oe@2-2-2013
21036003@unknown@formal@none@1@S@The Dow Jones Industrial Average, which plunged more than 80 points in early trading Tuesday and then recovered nearly all of its losses by the close, fell 5.94 to 2653.28 in the latest session.@@@@1@34@@oe@2-2-2013
21036004@unknown@formal@none@1@S@The average drifted in a trading range of about 30 points throughout the day.@@@@1@14@@oe@2-2-2013
21036005@unknown@formal@none@1@S@The lower boundary was established just after the opening in a brief round of selling; the upper boundary was set at midday as scattered bargain-hunting pushed prices higher.@@@@1@28@@oe@2-2-2013
21036006@unknown@formal@none@1@S@Buying interest in Du Pont, which declared a stock split and a dividend boost, and certain other blue-chip issues gave the industrial average a better performance than broader indexes.@@@@1@29@@oe@2-2-2013
21036007@unknown@formal@none@1@S@Standard & Poor's 500-Stock Index dropped 1.20 to 342.50; the decline was the equivalent of a nine-point setback in the 30-stock average.@@@@1@22@@oe@2-2-2013
21036008@unknown@formal@none@1@S@The Dow Jones Equity Market Index fell 1.16 to 320.94 and the New York Stock Exchange Composite Index slid 0.53 to 189.52.@@@@1@22@@oe@2-2-2013
21036009@unknown@formal@none@1@S@But advancing issues topped decliners by 784 to 700 on the Big Board despite the late sell programs, resulting from stock-index arbitrage.@@@@1@22@@oe@2-2-2013
21036010@unknown@formal@none@1@S@The programs occurred against the backdrop of a late pullback in UAL, which had held at slightly lower levels through most of the session amid optimism that another bidder might surface.@@@@1@31@@oe@2-2-2013
21036011@unknown@formal@none@1@S@Traders said program activity wasn't in evidence through most of the session, however, and Big Board volume dropped to 155,650,000 shares from about 238 million Tuesday as concerns about the potential for additional sharp swings in the market kept other trading in check.@@@@1@43@@oe@2-2-2013
21036012@unknown@formal@none@1@S@"People are sort of nervous to do anything in the market now.@@@@1@12@@oe@2-2-2013
21036013@unknown@formal@none@1@S@Our phones are quiet around here," said Don R. Hays, director of investment strategy at Wheat First Butcher & Singer Inc., Richmond, Va.@@@@1@23@@oe@2-2-2013
21036014@unknown@formal@none@1@S@The gross national product report, due to be released before today's opening, is expected to show that the economy continued to expand in the third quarter at a moderate pace.@@@@1@30@@oe@2-2-2013
21036015@unknown@formal@none@1@S@The consensus of economists polled by Dow Jones Capital Markets Report calls for a 2.5% annual growth rate for GNP during the quarter.@@@@1@23@@oe@2-2-2013
21036016@unknown@formal@none@1@S@Du Pont, which announced plans for a 3-for-1 stock split and raised its quarterly dividend by 14%, jumped 2 1/2 to 117 3/8.@@@@1@23@@oe@2-2-2013
21036017@unknown@formal@none@1@S@The company also posted third-quarter earnings that were in line with analysts' forecasts.@@@@1@13@@oe@2-2-2013
21036018@unknown@formal@none@1@S@Blue-chip consumer stocks also provided a lift to the industrial average.@@@@1@11@@oe@2-2-2013
21036019@unknown@formal@none@1@S@American Telephone & Telegraph rose 3/8 to 43 1/2 in Big Board composite trading of 1.5 million shares, Chevron advanced 1 3/4 to 66 5/8 on 2.3 million shares, Woolworth rose 1 to 58 5/8, Coca-Cola Co. gained 5/8 to 72 1/2 and Eastman Kodak added 3/8 to 44 1/2.@@@@1@50@@oe@2-2-2013
21036020@unknown@formal@none@1@S@But General Motors dropped 1 7/8 to 44 7/8.@@@@1@9@@oe@2-2-2013
21036021@unknown@formal@none@1@S@Its GM Hughes Electronics and financial-services units both reported that third-quarter earnings were down from a year earlier.@@@@1@18@@oe@2-2-2013
21036022@unknown@formal@none@1@S@Anheuser-Busch plunged 4 3/8 to 38 1/2 on 3.5 million shares.@@@@1@11@@oe@2-2-2013
21036023@unknown@formal@none@1@S@Its third-quarter earnings were lower than analysts had forecast, and the company said it had lowered its projections for earnings growth through the end of 1990 because of planned price cuts.@@@@1@31@@oe@2-2-2013
21036024@unknown@formal@none@1@S@Xerox fell 3 1/8 to 59 5/8.@@@@1@7@@oe@2-2-2013
21036025@unknown@formal@none@1@S@Disappointment with the company's earnings for the quarter led Prudential-Bache Securities to reduce its 1989 and 1990 earnings estimates, according to Dow Jones Professional Investor Report.@@@@1@26@@oe@2-2-2013
21036026@unknown@formal@none@1@S@Computer Associates International, the most active Big Board issue, was another victim of an earnings-related sell-off.@@@@1@16@@oe@2-2-2013
21036027@unknown@formal@none@1@S@The stock fell 3/4 to 12 7/8 as 3.6 million shares were traded in the wake of its report that fiscal second-quarter net income fell 66% from a year ago.@@@@1@30@@oe@2-2-2013
21036028@unknown@formal@none@1@S@Insurance stocks moved higher in the wake of a strong third-quarter earnings report from Chubb, coming on the heels of speculation that last week's devastating earthquake in the San Francisco area would lead to higher premium rates.@@@@1@37@@oe@2-2-2013
21036029@unknown@formal@none@1@S@Chubb, whose net income for the quarter exceeded most analysts' expectations, rallied 3 3/4 to 86 1/2.@@@@1@17@@oe@2-2-2013
21036030@unknown@formal@none@1@S@Aetna Life & Casualty gained 1 3/8 to 61 1/8, Cigna advanced 7/8 to 64 3/4, Travelers added 1/2 to 40 3/8 and American International Group rose 3 1/8 to 107 3/4.@@@@1@32@@oe@2-2-2013
21036031@unknown@formal@none@1@S@Comprehensive Care plunged 4 3/4 to 3 5/8 on 1.2 million shares.@@@@1@12@@oe@2-2-2013
21036032@unknown@formal@none@1@S@The company reported a third-quarter loss and said it is holding talks with its bank lenders for an extension on some overdue debt payments.@@@@1@24@@oe@2-2-2013
21036033@unknown@formal@none@1@S@TW Services dropped 1 1/4 to 31 1/4 following the postponement of a $1.4 billion junk-bond offering that would have permitted Coniston Partners to complete its takeover of the company.@@@@1@30@@oe@2-2-2013
21036034@unknown@formal@none@1@S@Coniston said it would pursue "various financing alternatives."@@@@1@8@@oe@2-2-2013
21036035@unknown@formal@none@1@S@UAL stock declined by 9 to 161 after nobody surfaced to claim credit for aggressive buying Tuesday by Bear Stearns that sent UAL stock up 35 points in a matter of hours.@@@@1@32@@oe@2-2-2013
21036036@unknown@formal@none@1@S@Tuesday's rumored buyer, Coniston Partners, wouldn't comment on speculation that Coniston, which battled the UAL board in 1987, might challenge the board's decision Monday to remain independent.@@@@1@27@@oe@2-2-2013
21036037@unknown@formal@none@1@S@Other airline stocks were mixed.@@@@1@5@@oe@2-2-2013
21036038@unknown@formal@none@1@S@AMR, which owns American Airlines, rose 3 3/8 to 72 1/4; USAir Group fell 1 1/2 to 38 5/8, and Delta Air Lines rose 1/2 to 66 1/2 after posting higher earnings for the September quarter.@@@@1@36@@oe@2-2-2013
21036039@unknown@formal@none@1@S@Stocks that reportedly benefited Tuesday from a Japanese buy program handled by PaineWebber gave back some of their gains.@@@@1@19@@oe@2-2-2013
21036040@unknown@formal@none@1@S@Procter & Gamble went down 3 1/2 to 130, Dow Jones fell 3 1/2 to 37 1/2 and Rockwell International dropped 2 1/8 to 25.@@@@1@25@@oe@2-2-2013
21036041@unknown@formal@none@1@S@However, Atlantic Richfield preserved its twopoint advance in the previous session and added 1/8 to 103 7/8.@@@@1@17@@oe@2-2-2013
21036042@unknown@formal@none@1@S@General Mills gained 2 1/4 to 72 7/8.@@@@1@8@@oe@2-2-2013
21036043@unknown@formal@none@1@S@Goldman Sachs placed the stock back on its list of recommended issues, raised its 1990 earnings estimate and recommended that its clients shift funds from Kellogg to General Mills.@@@@1@29@@oe@2-2-2013
21036044@unknown@formal@none@1@S@Kellogg dropped 1 3/4 to 73 1/4.@@@@1@7@@oe@2-2-2013
21036045@unknown@formal@none@1@S@Manville advanced 3/4 to 10.@@@@1@5@@oe@2-2-2013
21036046@unknown@formal@none@1@S@The company offered to purchase $500 million of convertible preferred stock from the trust that handles its payments to asbestos victims.@@@@1@21@@oe@2-2-2013
21036047@unknown@formal@none@1@S@Di Giorgio gained 1 to 30 3/4 after the company said it is starting negotiations with unidentified parties interested in acquiring its units.@@@@1@23@@oe@2-2-2013
21036048@unknown@formal@none@1@S@Investor Arthur Goldberg is pursuing a $32-a-share takeover offer.@@@@1@9@@oe@2-2-2013
21036049@unknown@formal@none@1@S@Esselte Business Systems rose 1 to 43 1/2.@@@@1@8@@oe@2-2-2013
21036050@unknown@formal@none@1@S@Esselte AB of Sweden offered $43.50 a share for the 22% of the company it doesn't already own.@@@@1@18@@oe@2-2-2013
21036051@unknown@formal@none@1@S@Public Service of New Hampshire went up 3/8 to 4.@@@@1@10@@oe@2-2-2013
21036052@unknown@formal@none@1@S@Northeast Utilities boosted its offer to acquire the company by $400 million, to $2.25 billion.@@@@1@15@@oe@2-2-2013
21036053@unknown@formal@none@1@S@Newell, which declared a 2-for-1 stock split and boosted its quarterly dividend by 14%, added 7/8 to 49 3/8.@@@@1@19@@oe@2-2-2013
21036054@unknown@formal@none@1@S@Also, the company posted improved third-quarter earnings.@@@@1@7@@oe@2-2-2013
21036055@unknown@formal@none@1@S@The American Stock Exchange Market Value Index fell 0.44 to 375.92.@@@@1@11@@oe@2-2-2013
21036056@unknown@formal@none@1@S@Volume totaled 8,930,000 shares.@@@@1@4@@oe@2-2-2013
21036057@unknown@formal@none@1@S@Mission Resource Partners lost 5 1/4 to 14 1/8.@@@@1@9@@oe@2-2-2013
21036058@unknown@formal@none@1@S@The partnership, which had solicited takeover offers, said it failed to receive any adequate bids for all of its operations but is reviewing offers for individual properties.@@@@1@27@@oe@2-2-2013
21037001@unknown@formal@none@1@S@Japan is going on a capital-spending binge that could make its trade surpluses even harder to shrink.@@@@1@17@@oe@2-2-2013
21037002@unknown@formal@none@1@S@Its capital spending is growing at double-digit rates for the second year in a row, and its superefficient producers of everything from cars to computer chips are rushing to expand capacity, modernize factories and develop new products.@@@@1@37@@oe@2-2-2013
21037003@unknown@formal@none@1@S@"The boom's so huge," says Mitsuru Saito, an economist at Sanwa Research Institute, "it makes you think of the Golden '60s," when Japan developed rapidly.@@@@1@25@@oe@2-2-2013
21037004@unknown@formal@none@1@S@The more factories and robots Japanese manufacturers add, the more they will be able to export, and the less their domestic customers will need to import.@@@@1@26@@oe@2-2-2013
21037005@unknown@formal@none@1@S@At Canon Inc., for example, sales are up nearly 20% this year; so, the maker of cameras and computer printers is doing what any Japanese company would do under the circumstances: It is increasing capital spending -- by 60%.@@@@1@39@@oe@2-2-2013
21037006@unknown@formal@none@1@S@It is building, among other things, a new laser-beam-printer factory in western Japan that can produce up to 150,000 printers next year.@@@@1@22@@oe@2-2-2013
21037007@unknown@formal@none@1@S@Some 70% of them are to be exported to the U.S.@@@@1@11@@oe@2-2-2013
21037008@unknown@formal@none@1@S@Even companies in smokestack industries wrestling with world-wide overcapacity are joining the boom.@@@@1@13@@oe@2-2-2013
21037009@unknown@formal@none@1@S@Japan's steelmakers are raising capital spending 22% this year to $4.8 billion.@@@@1@12@@oe@2-2-2013
21037010@unknown@formal@none@1@S@Hitachi Zosen Corp., a shipbuilder buried in debt just a few years ago, will build a machinery plant, its first expansion in 14 years.@@@@1@24@@oe@2-2-2013
21037011@unknown@formal@none@1@S@So big is the capital-spending boom that Japanese companies' outlays in Japan topped American companies' domestic outlays by $521.4 billion to $494.8 billion in the 12 months ended March 31 even though Japan's total output of goods and services is less than two-thirds America's.@@@@1@44@@oe@2-2-2013
21037012@unknown@formal@none@1@S@From a financial standpoint, the boom couldn't come at a better time.@@@@1@12@@oe@2-2-2013
21037013@unknown@formal@none@1@S@Many Japanese companies expect record profits this fiscal year, and Japanese interest rates, though up a bit recently, are still low.@@@@1@21@@oe@2-2-2013
21037014@unknown@formal@none@1@S@And in a business system where shareholders have few rights and expect only modest dividends, companies can plow their profits back into plant and equipment.@@@@1@25@@oe@2-2-2013
21037015@unknown@formal@none@1@S@But some economists and government officials here aren't applauding.@@@@1@9@@oe@2-2-2013
21037016@unknown@formal@none@1@S@They fear that the boom may be too big for Japan's or anyone else's good.@@@@1@15@@oe@2-2-2013
21037017@unknown@formal@none@1@S@"It's an explosive cocktail" thrown at the world, says Kenneth Courtis, senior economist at the Tokyo unit of Deutsche Bank Group.@@@@1@21@@oe@2-2-2013
21037018@unknown@formal@none@1@S@The Ministry of International Trade and Industry is so concerned that it recently took the unusual step of urging Japanese auto companies to exercise caution in capital spending.@@@@1@28@@oe@2-2-2013
21037019@unknown@formal@none@1@S@MITI officials hope to avoid yet-another source of trade friction with the U.S. even though export restraints currently limit Japanese car exports to the U.S.@@@@1@25@@oe@2-2-2013
21037020@unknown@formal@none@1@S@Not everyone is worried, however.@@@@1@5@@oe@2-2-2013
21037021@unknown@formal@none@1@S@Some economists -- and many Japanese companies -- are puzzled by the warnings.@@@@1@13@@oe@2-2-2013
21037022@unknown@formal@none@1@S@The investment boom is mainly sparked, they say, by strong domestic demand and isn't likely to increase exports sharply.@@@@1@19@@oe@2-2-2013
21037023@unknown@formal@none@1@S@Moreover, much investment isn't aimed at increasing capacity.@@@@1@8@@oe@2-2-2013
21037024@unknown@formal@none@1@S@According to a survey of some 2,400 large companies by the Japan Development Bank, expanded capacity is the goal of just 51.8% of the outlays; for manufacturers alone, the figure is 32%.@@@@1@32@@oe@2-2-2013
21037025@unknown@formal@none@1@S@The manufacturers said 14.2% of their spending is designed to improve products or add new ones, 17.5% is to cut costs, 12.5% is for research and development, and the rest is for maintenance and other purposes.@@@@1@36@@oe@2-2-2013
21037026@unknown@formal@none@1@S@But the worriers remain unconvinced.@@@@1@5@@oe@2-2-2013
21037027@unknown@formal@none@1@S@With Japan running enormous trade surpluses against much of the world, they think that Japan should meet the increased domestic demand by importing more.@@@@1@24@@oe@2-2-2013
21037028@unknown@formal@none@1@S@And eventually, they contend, domestic demand will weaken, forcing companies to emphasize exports again.@@@@1@14@@oe@2-2-2013
21037029@unknown@formal@none@1@S@"If there's a further drive to export," says Nobuyuki Arai, an economist at the Japan Development Bank, "that'll be a problem."@@@@1@21@@oe@2-2-2013
21037030@unknown@formal@none@1@S@Even in the short run, the investment boom could exacerbate a disturbing trend: Japanese exports are showing surprisingly little tendency to ease.@@@@1@22@@oe@2-2-2013
21037031@unknown@formal@none@1@S@Japanese auto makers, for example, are increasing their production capacity in the U.S.; the additional production should, in part, replace imported vehicles with locally manufactured ones.@@@@1@26@@oe@2-2-2013
21037032@unknown@formal@none@1@S@But although Japanese companies increased their U.S. auto output by 42% from January to September compared with the year-earlier period, their exports to the U.S. will drop only 9% this year, Nikko Research Center estimates.@@@@1@35@@oe@2-2-2013
21037033@unknown@formal@none@1@S@In contrast to previous economic booms, Japanese auto companies aren't just trying to boost production.@@@@1@15@@oe@2-2-2013
21037034@unknown@formal@none@1@S@Many are pouring money into developing high-quality products to target affluent consumers and, to some extent, to avoid direct combat with cheaper cars from South Korea and Taiwan.@@@@1@28@@oe@2-2-2013
21037035@unknown@formal@none@1@S@Others are replacing older facilities with flexible assembly lines on which different models can be turned out at once.@@@@1@19@@oe@2-2-2013
21037036@unknown@formal@none@1@S@So many companies are investing in high-tech machinery that Fanuc Ltd., a robot maker, also had to build a new plant.@@@@1@21@@oe@2-2-2013
21037037@unknown@formal@none@1@S@The buildup is "making Japan clearly more efficient, more technologically advanced and more competitive," declares a Western diplomat in Tokyo.@@@@1@20@@oe@2-2-2013
21037038@unknown@formal@none@1@S@But whatever its effects on exports and imports, Japan's investment boom during the past two years has been stimulated at least partly by soaring domestic demand.@@@@1@26@@oe@2-2-2013
21037039@unknown@formal@none@1@S@Japan's marathon economy, growing at 4.3% this year, is now in its 35th month of expansion, and some economists are betting that the boom will outlast the record 57-month expansion in the late 1960s.@@@@1@34@@oe@2-2-2013
21037040@unknown@formal@none@1@S@Japanese consumers are increasingly eager to spend their money, especially on high-priced goods such as 29-inch television sets and luxury cars.@@@@1@21@@oe@2-2-2013
21037041@unknown@formal@none@1@S@Nissan Motor Co.'s domestic auto sales are up 20% this year largely because its expensive Cima, Sylvia and Cefiro models are in heavy demand.@@@@1@24@@oe@2-2-2013
21037042@unknown@formal@none@1@S@"One dealer told me that if he had more cars, he'd sell them right away," says Takuro Endo, Nissan executive vice president.@@@@1@22@@oe@2-2-2013
21037043@unknown@formal@none@1@S@He adds that the company is trying to keep up with demand "by overworking" its employees.@@@@1@16@@oe@2-2-2013
21037044@unknown@formal@none@1@S@Similarly, Honda Motor Co.'s sales are so brisk that workers grumble they haven't had a Saturday off in years, despite the government's encouragement of more leisure activity.@@@@1@27@@oe@2-2-2013
21037045@unknown@formal@none@1@S@With demand growing and workers in short supply, many Japanese manufacturers are spending heavily on automation.@@@@1@16@@oe@2-2-2013
21037046@unknown@formal@none@1@S@Among them are the shipbuilders, which had halved their shipyard work forces to cut costs during a prolonged slump in demand but now are capturing an increased share of the strengthening global market.@@@@1@33@@oe@2-2-2013
21037047@unknown@formal@none@1@S@Sasebo Heavy Industries Co., a medium-sized shipbuilder, expects its sales to increase 30% this year, largely because of rising demand for oil tankers.@@@@1@23@@oe@2-2-2013
21037048@unknown@formal@none@1@S@Once one Japanese company steps up its investments, the whole industry follows.@@@@1@12@@oe@2-2-2013
21037049@unknown@formal@none@1@S@Because most businesses put market share above profitability, to let a competitor's addition to capacity go unmatched is to concede defeat.@@@@1@21@@oe@2-2-2013
21037050@unknown@formal@none@1@S@The emphasis on market share is evident at Daikin Industries Ltd., Japan's biggest maker of industrial air conditioners.@@@@1@18@@oe@2-2-2013
21037051@unknown@formal@none@1@S@Seeing new office buildings sprout up and its sales soar, Daikin is building another plant, which will lift its production capacity 50%.@@@@1@22@@oe@2-2-2013
21037052@unknown@formal@none@1@S@The expansion is aimed not just at meeting demand but also at expanding the company's market share to 30% from 27% currently.@@@@1@22@@oe@2-2-2013
21037053@unknown@formal@none@1@S@Besides, Daikin's major competitors, Hitachi Ltd. and Mitsubishi Heavy Industries Ltd., "are all adding production lines," a Daikin spokesman says.@@@@1@20@@oe@2-2-2013
21037054@unknown@formal@none@1@S@"Until now, we were trying to increase productivity with the facilities we already had.@@@@1@14@@oe@2-2-2013
21037055@unknown@formal@none@1@S@But we can't produce enough anymore."@@@@1@6@@oe@2-2-2013
21037056@unknown@formal@none@1@S@The competition is even more heated in the auto industry, where companies are racing one another in a world-wide market.@@@@1@20@@oe@2-2-2013
21037057@unknown@formal@none@1@S@Nissan aims to expand its 25% share of the market to 30% by spending $141 million on a plant in southern Japan that could make as many as 240,000 cars a year.@@@@1@32@@oe@2-2-2013
21037058@unknown@formal@none@1@S@Meanwhile, Toyota Motor Corp.'s $247 million buildup is increasing its annual capacity by 180,000 cars, and Honda is spending $317 million on expansion.@@@@1@23@@oe@2-2-2013
21037059@unknown@formal@none@1@S@Mazda Motor Corp. is still considering its options, but it boldly aims to double its annual domestic sales to 800,000 cars in the next four years.@@@@1@26@@oe@2-2-2013
21037060@unknown@formal@none@1@S@Those who aren't worried about how Japanese manufacturers' investments will affect trade note that many new products aren't replacements for imports.@@@@1@21@@oe@2-2-2013
21037061@unknown@formal@none@1@S@Although imports account for less than 1% of beer sales in Japan, Asahi Breweries Ltd., which has been gaining share with its popular dry beer, plans to fend off Japanese competitors by pouring $1.06 billion into facilities to brew 50% more beer.@@@@1@42@@oe@2-2-2013
21037062@unknown@formal@none@1@S@But new-product development will make Japanese companies stronger, and big investments in "domestic" industries such as beer will make it even tougher for foreign competitors to crack the Japanese market.@@@@1@30@@oe@2-2-2013
21037063@unknown@formal@none@1@S@Moreover, much of the investment boom is in high-tech fields in which Japanese companies have only limited foreign competition; so, more investment practically assures more exports.@@@@1@26@@oe@2-2-2013
21037064@unknown@formal@none@1@S@Toshiba Corp., for example, is spending $986 million on two new plants to build four-megabit dynamic random access memories, the next generation of computer chips.@@@@1@25@@oe@2-2-2013
21037065@unknown@formal@none@1@S@The product isn't widely used yet, but Toshiba, which has already beaten everyone else in producing the current-generation one-megabit DRAMs, believes that its early investment will heighten its chances of beating its competitors again.@@@@1@34@@oe@2-2-2013
21037066@unknown@formal@none@1@S@"It's important to gain leadership," a Toshiba spokesman says.@@@@1@9@@oe@2-2-2013
21037067@unknown@formal@none@1@S@Meanwhile, Toshiba's Japanese rivals, Hitachi, Fujitsu Ltd. and NEC Corp., aren't sitting still.@@@@1@13@@oe@2-2-2013
21037068@unknown@formal@none@1@S@After doubling production in one plant, NEC is spending $275 million to build another plant that, in two years, will be able to make a million four-megabit DRAMs a year.@@@@1@30@@oe@2-2-2013
21037069@unknown@formal@none@1@S@The new chip plants "won't be excessive investment," says Hajime Sasaki, an NEC vice president.@@@@1@15@@oe@2-2-2013
21037070@unknown@formal@none@1@S@"We have enough products to make and the markets to sell these products."@@@@1@13@@oe@2-2-2013
21037071@unknown@formal@none@1@S@Some of Japan's goods being produced as a result of the investment boom are already successful overseas.@@@@1@17@@oe@2-2-2013
21037072@unknown@formal@none@1@S@Toyota's $35,000 Lexus automobile, a luxury model that it started shipping to the U.S. only last month, is racking up orders at a time when U.S.-made luxury-car sales are slow.@@@@1@30@@oe@2-2-2013
21037073@unknown@formal@none@1@S@Toyota plans to raise Lexus exports when a new plant starts up next year.@@@@1@14@@oe@2-2-2013
21037074@unknown@formal@none@1@S@What if its sales weaken someday?@@@@1@6@@oe@2-2-2013
21037075@unknown@formal@none@1@S@Japanese companies have a caveat competitor attitude.@@@@1@7@@oe@2-2-2013
21037076@unknown@formal@none@1@S@If excess capacity develops, they say, not everyone will suffer.@@@@1@10@@oe@2-2-2013
21037077@unknown@formal@none@1@S@The losers will be those with the least attractive products, and many of them, analysts think, will be foreign companies.@@@@1@20@@oe@2-2-2013
21038001@unknown@formal@none@1@S@Benjamin Franklin Federal Savings & Loan Association said it plans to restructure in the wake of a third-quarter loss of $7.7 million, or $1.01 a share, reflecting an $11 million addition to loan-loss reserves.@@@@1@34@@oe@2-2-2013
21038002@unknown@formal@none@1@S@The Portland, Ore., thrift said the restructuring should help it meet new capital standards from the Financial Institution Reform, Recovery and Enforcement Act.@@@@1@23@@oe@2-2-2013
21038003@unknown@formal@none@1@S@A year ago, Benjamin Franklin had profit of $1.8 million, or 23 cents a share.@@@@1@15@@oe@2-2-2013
21038004@unknown@formal@none@1@S@In over-the-counter trading yesterday, Benjamin Franklin rose 25 cents to $4.25.@@@@1@11@@oe@2-2-2013
21038005@unknown@formal@none@1@S@The company said the restructuring's initial phase will feature a gradual reduction in assets and staff positions.@@@@1@17@@oe@2-2-2013
21038006@unknown@formal@none@1@S@The plan may include selling branches, consolidating or eliminating departments, and winding down or disposing of unprofitable units within 18 months.@@@@1@21@@oe@2-2-2013
21038007@unknown@formal@none@1@S@Initially, the company said it will close its commercial real-estate lending division, and stop originating new leases at its commercial lease subsidiary.@@@@1@22@@oe@2-2-2013
21038008@unknown@formal@none@1@S@Details of the restructuring won't be made final until regulators approve the regulations mandated by the new federal act, the company said.@@@@1@22@@oe@2-2-2013
21039001@unknown@formal@none@1@S@Amdahl Corp., a maker of mainframe computers, reported a sharp decline in net income for its third quarter, citing pricecutting by competitors and adverse effects from a strong U.S. dollar.@@@@1@30@@oe@2-2-2013
21039002@unknown@formal@none@1@S@Net income fell 37% to $32.9 million, or 30 cents a share, from $52.2 million, or 48 cents a share, in the year-ago period.@@@@1@24@@oe@2-2-2013
21039003@unknown@formal@none@1@S@Revenue rose 15% to $534.3 million from $464.7 million.@@@@1@9@@oe@2-2-2013
21039004@unknown@formal@none@1@S@Amdahl's results were somewhat worse than expected.@@@@1@7@@oe@2-2-2013
21039005@unknown@formal@none@1@S@Jay Stevens, an analyst with Dean Witter Reynolds, said he expected the Sunnyvale, Calif., company to earn 35 cents a share for the quarter and said the firm's weaker profit was partly the result of increased competition from International Business Machines Corp., Amdahl's principal competitor for mainframe sales.@@@@1@48@@oe@2-2-2013
21040001@unknown@formal@none@1@S@ONEIDA Ltd. declared a 10% stock dividend, payable Dec. 15 to stock of record Nov. 17.@@@@1@16@@oe@2-2-2013
21040002@unknown@formal@none@1@S@The Oneida, N.Y., maker of consumer, food-service and industrial products also declared a quarterly cash dividend of 12 cents a share, with the same payable and record dates.@@@@1@28@@oe@2-2-2013
21040003@unknown@formal@none@1@S@The cash dividend paid on the common stock also will apply to the new shares, the company said.@@@@1@18@@oe@2-2-2013
21040004@unknown@formal@none@1@S@The move rewards shareholders and should improve the stock's liquidity, Oneida said.@@@@1@12@@oe@2-2-2013
21040005@unknown@formal@none@1@S@The company has about 8.8 million shares outstanding.@@@@1@8@@oe@2-2-2013
21040006@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Oneida's shares closed at $18.375 a share, unchanged.@@@@1@16@@oe@2-2-2013
21041001@unknown@formal@none@1@S@Federal health officials are expected today to approve a program granting long-deferred access to the drug AZT for children with acquired immune deficiency syndrome.@@@@1@24@@oe@2-2-2013
21041002@unknown@formal@none@1@S@Announcement of the approval is expected to be made by Louis Sullivan, secretary of Health and Human Services.@@@@1@18@@oe@2-2-2013
21041003@unknown@formal@none@1@S@The clearance by the Food and Drug Administration comes after two years of restricted access for the youngest victims of AIDS to the only antiviral drug yet cleared to treat the fatal disease.@@@@1@33@@oe@2-2-2013
21041004@unknown@formal@none@1@S@The drug will be given treatment investigational new drug status, a label accorded to drugs believed effective but lacking formal approval.@@@@1@21@@oe@2-2-2013
21041005@unknown@formal@none@1@S@The move will make the drug available free of charge for a time to children with the disease and symptoms of advanced infection.@@@@1@23@@oe@2-2-2013
21041006@unknown@formal@none@1@S@Adults with AIDS have had access to AZT since FDA approved the drug's usage for adults in March 1987.@@@@1@19@@oe@2-2-2013
21041007@unknown@formal@none@1@S@But despite more than two years of research showing AZT can relieve dementia and other symptoms in children, the drug still lacks federal approval for use in the youngest patients.@@@@1@30@@oe@2-2-2013
21041008@unknown@formal@none@1@S@As a result, many youngsters have been unable to obtain the drug and, for the few exceptions, insurance carriers won't cover its cost of $6,400 a year.@@@@1@27@@oe@2-2-2013
21041009@unknown@formal@none@1@S@So far, AIDS has stricken 1,859 children under age 13, with many times that number believed to carry the infection without symptoms.@@@@1@22@@oe@2-2-2013
21041010@unknown@formal@none@1@S@To date, 1,013 of those children have died, according to the federal Centers for Disease Control.@@@@1@16@@oe@2-2-2013
21041011@unknown@formal@none@1@S@Mothers of young AIDS patients expressed somber satisfaction.@@@@1@8@@oe@2-2-2013
21041012@unknown@formal@none@1@S@"Thank goodness it's happening.@@@@1@4@@oe@2-2-2013
21041013@unknown@formal@none@1@S@It should have happened sooner," said Elizabeth Glaser, a Los Angeles mother and activist who contracted the AIDS virus through a blood transfusion, and transmitted it to two of her children.@@@@1@31@@oe@2-2-2013
21041014@unknown@formal@none@1@S@One of them, a daughter Ariel, died a year ago at age seven after her parents unsuccessfully pleaded for the drug.@@@@1@21@@oe@2-2-2013
21041015@unknown@formal@none@1@S@"I could get AZT," says Mrs. Glaser, who bears her infection without any symptoms.@@@@1@14@@oe@2-2-2013
21041016@unknown@formal@none@1@S@"But my daughter couldn't, until she was too ill to take it.@@@@1@12@@oe@2-2-2013
21041017@unknown@formal@none@1@S@To watch your child die is an inhuman experience."@@@@1@9@@oe@2-2-2013
21041018@unknown@formal@none@1@S@Her son, healthy and symptom-free, currently takes no medication.@@@@1@9@@oe@2-2-2013
21041019@unknown@formal@none@1@S@The delay in getting AZT to children has been blamed on a combination of factors.@@@@1@15@@oe@2-2-2013
21041020@unknown@formal@none@1@S@Traditionally, the medical establishment has waited two years to approve adult treatments for pediatric uses, because of a combination of conservative safety standards and red tape.@@@@1@26@@oe@2-2-2013
21041021@unknown@formal@none@1@S@Secondly, critics have charged AZT's maker Burroughs Wellcome Co. with corporate inertia because children account for just 1% of the patient population and hence a small part of the large and lucrative market.@@@@1@33@@oe@2-2-2013
21041022@unknown@formal@none@1@S@Wellcome has replied that it is moving ahead to compile the relevant data, and recently promised to develop a pediatric syrup form easier for youngsters to take.@@@@1@27@@oe@2-2-2013
21041023@unknown@formal@none@1@S@Still, all this comes nearly a year and a half after Philip Pizzo of the National Cancer Institute offered evidence that AZT could reverse the ravages of AIDS dementia, sometimes prompting dramatic recovery of IQ levels and reappearance of lost motor skills.@@@@1@42@@oe@2-2-2013
21041024@unknown@formal@none@1@S@Since then, roughly 50 pediatric patients have received the drug in his program.@@@@1@13@@oe@2-2-2013
21041025@unknown@formal@none@1@S@To some mothers, the expected FDA action is a poignant reminder of what might have been.@@@@1@16@@oe@2-2-2013
21041026@unknown@formal@none@1@S@"My first reaction is I don't understand why it's taken so long.@@@@1@12@@oe@2-2-2013
21041027@unknown@formal@none@1@S@Why has it taken people so long for people to understand pediatric AIDS is a major problem?" asked Helen Kushnick, whose son Samuel died six years ago at age three, victim of a tainted transfusion.@@@@1@35@@oe@2-2-2013
21041028@unknown@formal@none@1@S@Similar sentiments were voiced on Capitol Hill.@@@@1@7@@oe@2-2-2013
21041029@unknown@formal@none@1@S@"While I'm pleased the FDA is finally releasing AZT for children, it's taken much too long to get to this point," said Rep. Ted Weiss.@@@@1@25@@oe@2-2-2013
21041030@unknown@formal@none@1@S@"Why did it take Burroughs Wellcome so long to apply" for treatment investigational new drug status? the New York Democrat asked.@@@@1@21@@oe@2-2-2013
21041031@unknown@formal@none@1@S@"Let's not forget this is the same company that has been profiteering with this drug for 2 1/2 years," Mr. Weiss added.@@@@1@22@@oe@2-2-2013
21041032@unknown@formal@none@1@S@Mrs. Glaser, who is a co-founder of the Pediatric AIDS Foundation, based in Santa Monica, Calif., condemned neither bureaucratic nor corporate foot-dragging.@@@@1@22@@oe@2-2-2013
21041033@unknown@formal@none@1@S@"There's no finger to be pointed," she said.@@@@1@8@@oe@2-2-2013
21041034@unknown@formal@none@1@S@"The crucial thing is that we learn our lesson well, and to make sure other experimental drugs, like Bristol-Myers Co.'s DDI, don't follow the same frustrating course as AZT."@@@@1@29@@oe@2-2-2013
21041035@unknown@formal@none@1@S@AIDS dementia -- which gradually steals children's ability to speak, walk and think -- is often the most striking aspect of the pediatric syndrome.@@@@1@24@@oe@2-2-2013
21041036@unknown@formal@none@1@S@For some patients, AZT has restored the ability to ride a bicycle or solve puzzles, giving back a piece of their childhood if only temporarily.@@@@1@25@@oe@2-2-2013
21041037@unknown@formal@none@1@S@"It's impossible to overstate how much this means to the families of these patients," said Samuel Broder, director of the National Cancer Institute and a main developer of AZT.@@@@1@29@@oe@2-2-2013
21042001@unknown@formal@none@1@S@AVON RENT-A-CAR & TRUCK Corp. said it declared a dividend of one warrant for each three shares of common stock.@@@@1@20@@oe@2-2-2013
21042002@unknown@formal@none@1@S@Currently, Avon, based in Santa Monica, Calif., has 3.3 million common shares outstanding.@@@@1@13@@oe@2-2-2013
21042003@unknown@formal@none@1@S@About 1.1 million Class C warrants were issued, the company said.@@@@1@11@@oe@2-2-2013
21042004@unknown@formal@none@1@S@Each of the Class C warrants will enable the holders to purchase one share of common stock at $5.50.@@@@1@19@@oe@2-2-2013
21042005@unknown@formal@none@1@S@The warrants may be exercised until 90 days after their issue date.@@@@1@12@@oe@2-2-2013
21042006@unknown@formal@none@1@S@Avon also said it will issue an additional 243,677 of the Class C warrants to holders of its Class A, Class B and unclassified warrants.@@@@1@25@@oe@2-2-2013
21042007@unknown@formal@none@1@S@Issuance of those warrants will be at the rate of one-third warrant for each warrant exercised.@@@@1@16@@oe@2-2-2013
21043001@unknown@formal@none@1@S@THE BIG BOARD PLANS to launch its own vehicle for program trading today amid growing controversy over the practice.@@@@1@19@@oe@2-2-2013
21043002@unknown@formal@none@1@S@The new "baskets" of stocks will allow big investors to buy or sell all 500 S&P index stocks in a single trade.@@@@1@22@@oe@2-2-2013
21043003@unknown@formal@none@1@S@The exchange argues that the product, which the SEC temporarily approved yesterday, will help ease rather than worsen any volatility in the stock market.@@@@1@24@@oe@2-2-2013
21043004@unknown@formal@none@1@S@SEC Chairman Breeden said he would consider imposing "circuit breakers" to halt program trading during sharp swings in the market.@@@@1@20@@oe@2-2-2013
21043005@unknown@formal@none@1@S@Kemper Financial Services has stopped executing its stock trades through four big securities firms because of their involvement in program trading, which Kemper and others say is ruining the market.@@@@1@30@@oe@2-2-2013
21043006@unknown@formal@none@1@S@The main capital-gains tax plan in the Senate isn't winning support from Democrats who favor a reduction.@@@@1@17@@oe@2-2-2013
21043007@unknown@formal@none@1@S@The trend is making proponents less optimistic a tax cut will pass.@@@@1@12@@oe@2-2-2013
21043008@unknown@formal@none@1@S@Bethlehem Steel's profit plunged 54% in the third quarter, hurt by higher costs and lower shipments to key clients.@@@@1@19@@oe@2-2-2013
21043009@unknown@formal@none@1@S@Also, Armco and National Intergroup had lower operating profit in steel, marking what may be the end of a two-year industry boom.@@@@1@22@@oe@2-2-2013
21043010@unknown@formal@none@1@S@Columbia S&L posted a quarterly loss of $226.3 million as the Beverly Hills thrift reeled from new industry rules and turmoil in junk bonds.@@@@1@24@@oe@2-2-2013
21043011@unknown@formal@none@1@S@Anheuser-Busch plans to aggressively discount its major beer brands, setting the stage for a price war as the beer industry's growth slows.@@@@1@22@@oe@2-2-2013
21043012@unknown@formal@none@1@S@PS New Hampshire received a sweetened bid from another suitor, United Illuminating, which valued its new proposal at $2.29 billion, apparently topping all others so far.@@@@1@26@@oe@2-2-2013
21043013@unknown@formal@none@1@S@Financial markets quieted, with stock prices edging lower, bonds inching up and the dollar almost unchanged.@@@@1@16@@oe@2-2-2013
21043014@unknown@formal@none@1@S@The Dow Jones industrials closed off 5.94 points, at 2653.28.@@@@1@10@@oe@2-2-2013
21043015@unknown@formal@none@1@S@Fed Chairman Greenspan said the central bank can wipe out inflation without causing a recession, but doing so will inflict short-term pain.@@@@1@22@@oe@2-2-2013
21043016@unknown@formal@none@1@S@GM's Hughes Electronics unit said profit slid 22% in the third quarter.@@@@1@12@@oe@2-2-2013
21043017@unknown@formal@none@1@S@The finance unit, GMAC, said net fell 3.1%, but EDS's profit rose 16%.@@@@1@13@@oe@2-2-2013
21043018@unknown@formal@none@1@S@Campeau reportedly may receive a $1.3 billion offer for Bloomingdale's from Tokyu Department Store of Japan.@@@@1@16@@oe@2-2-2013
21043019@unknown@formal@none@1@S@Campeau declined to comment.@@@@1@4@@oe@2-2-2013
21043020@unknown@formal@none@1@S@UAL's pilots and machinists unions appear to hold the key to any future takeover bid for the airline.@@@@1@18@@oe@2-2-2013
21043021@unknown@formal@none@1@S@Provigo plans to sell all non-food operations to refocus on its retail and wholesale grocery business.@@@@1@16@@oe@2-2-2013
21043022@unknown@formal@none@1@S@Also, Chairman Pierre Lortie resigned.@@@@1@5@@oe@2-2-2013
21043023@unknown@formal@none@1@S@Westinghouse expects operating margins of over 10% and sharply higher earnings per share next year due to a major restructuring.@@@@1@20@@oe@2-2-2013
21043024@unknown@formal@none@1@S@Some major U.S. trade partners quickly rejected a compromise proposal by Bush to liberalize trade and reduce farm-product subsidies.@@@@1@19@@oe@2-2-2013
21043025@unknown@formal@none@1@S@Markets --@@@@1@2@@oe@2-2-2013
21043026@unknown@formal@none@1@S@Stocks: Volume 155,650,000 shares.@@@@1@4@@oe@2-2-2013
21043027@unknown@formal@none@1@S@Dow Jones industrials 2653.28, off 5.94; transportation 1199.32, off 11.38; utilities 216.49, up 1.45.@@@@1@14@@oe@2-2-2013
21043028@unknown@formal@none@1@S@Bonds: Shearson Lehman Hutton Treasury index 3427.39, up@@@@1@8@@oe@2-2-2013
21043029@unknown@formal@none@1@S@Commodities: Dow Jones futures index 129.48, up 0.24; spot index 130.73, off 0.03.@@@@1@13@@oe@2-2-2013
21043030@unknown@formal@none@1@S@Dollar: 141.52 yen, up 0.07; 1.8353 marks, off 0.0002.@@@@1@9@@oe@2-2-2013
21044001@unknown@formal@none@1@S@GORBACHEV SAID Moscow won't intervene in East bloc moves to democracy.@@@@1@11@@oe@2-2-2013
21044002@unknown@formal@none@1@S@The Kremlin leader, on the first day of a three-day official visit to Helsinki, assured Finland's president that the Soviet Union has "no moral or political right" to interfere with moves toward democracy in Poland, Hungary or elsewhere in Eastern Europe.@@@@1@41@@oe@2-2-2013
21044003@unknown@formal@none@1@S@In Moscow, the Soviet State Bank announced a 90% devaluation of the ruble against the dollar for private transactions, in an apparent attempt to curb a black market for hard currency.@@@@1@31@@oe@2-2-2013
21044004@unknown@formal@none@1@S@The action will establish a two-tier exchange rate.@@@@1@8@@oe@2-2-2013
21044005@unknown@formal@none@1@S@Workers at six mines in Arctic Circle coal fields called strikes over a series of economic and political demands.@@@@1@19@@oe@2-2-2013
21044006@unknown@formal@none@1@S@The move defied a law, approved in Moscow this month, banning such walkouts.@@@@1@13@@oe@2-2-2013
21044007@unknown@formal@none@1@S@THE HOUSE FAILED to override Bush's veto of a bill easing abortion funding.@@@@1@13@@oe@2-2-2013
21044008@unknown@formal@none@1@S@The chamber voted 231-191, 51 votes short of the two-thirds majority needed to overturn the president's veto of legislation renewing support of Medicaid abortions for poor women who are victims of rape and incest.@@@@1@34@@oe@2-2-2013
21044009@unknown@formal@none@1@S@The roll call was considered an illustration of the limits of power that the resurgent abortion-rights movement faces.@@@@1@18@@oe@2-2-2013
21044010@unknown@formal@none@1@S@The legislation was part of a $156.7 billion measure funding the departments of Labor, Education, and Health.@@@@1@17@@oe@2-2-2013
21044011@unknown@formal@none@1@S@Michigan's Senate passed a bill requiring girls to get parental consent for an abortion and Pennsylvania's House cleared a measure banning abortions after the 24th week of pregnancy.@@@@1@28@@oe@2-2-2013
21044012@unknown@formal@none@1@S@The FDA is expected to approve today a program granting access free of charge to the drug AZT for children with AIDS.@@@@1@22@@oe@2-2-2013
21044013@unknown@formal@none@1@S@Adults have had access to the only approved antiviral drug since 1987.@@@@1@12@@oe@2-2-2013
21044014@unknown@formal@none@1@S@Research shows AZT can relieve dementia and other symptoms in children, 1,859 of whom are known to have been infected.@@@@1@20@@oe@2-2-2013
21044015@unknown@formal@none@1@S@Congress sent to Bush a $2.85 billion emergency package to assist in the recovery from last week's California earthquake and from Hurricane Hugo.@@@@1@23@@oe@2-2-2013
21044016@unknown@formal@none@1@S@The action came after the Senate approved the House-passed measure.@@@@1@10@@oe@2-2-2013
21044017@unknown@formal@none@1@S@In the San Francisco Bay area, more than 13,000 people were homeless and landslides threatened more houses.@@@@1@17@@oe@2-2-2013
21044018@unknown@formal@none@1@S@House-Senate conferees agreed to continue production of Grumman Corp.'s F-14 jet and to provide more than $3.8 billion during the current fiscal year to develop a space-based anti-missile system.@@@@1@29@@oe@2-2-2013
21044019@unknown@formal@none@1@S@The final package is expected to be announced within the next week.@@@@1@12@@oe@2-2-2013
21044020@unknown@formal@none@1@S@The White House has decided to seek changes in pesticide law that are aimed at speeding the removal of harmful chemicals from the food supply.@@@@1@25@@oe@2-2-2013
21044021@unknown@formal@none@1@S@The changes, which could be announced as early as today, would apply to pesticides and other substances found on fresh and processed foods, officials said.@@@@1@25@@oe@2-2-2013