21644001@unknown@formal@none@1@S@Investors who received Shearson Lehman Hutton Inc.'s latest stock commentary may be left with blank expressions.@@@@1@16@@oe@2-2-2013
21644002@unknown@formal@none@1@S@The first 10 pages of the 76-page Weekly Portfolio Perspective are completely blank, except for the page numbers.@@@@1@18@@oe@2-2-2013
21644003@unknown@formal@none@1@S@Rather than printing devils, Shearson puts all the blame on the unpredictable stock market.@@@@1@14@@oe@2-2-2013
21644004@unknown@formal@none@1@S@The plunge made Shearson's market commentary instantly out of date.@@@@1@10@@oe@2-2-2013
21644005@unknown@formal@none@1@S@In fact, last Friday's 190.58-point tumble in the stock market caught many people and businesses by surprise, not the least of them brokerage firms such as Shearson that print their weekly market commentaries on Fridays for dissemination the following week.@@@@1@40@@oe@2-2-2013
21644006@unknown@formal@none@1@S@Shearson, a 62%-owned unit of American Express Co., didn't have enough time to update its market commentary so, "We decided to kill our strategy pieces," says Jack Rivkin, the head of Shearson's research department.@@@@1@34@@oe@2-2-2013
21644007@unknown@formal@none@1@S@The first thought some investors had was that a red-faced Shearson must have been wildly bullish on stocks in its original commentary, and that's why it purged its pages.@@@@1@29@@oe@2-2-2013
21644008@unknown@formal@none@1@S@Investors recalled that Shearson last week had been advising that "the market is still exhibiting all the signs of a further advance."@@@@1@22@@oe@2-2-2013
21644009@unknown@formal@none@1@S@Many other brokerage firms had similarly bullish views.@@@@1@8@@oe@2-2-2013
21644010@unknown@formal@none@1@S@But Mr. Rivkin insists that the 10 pages weren't pulled because they were too bullish.@@@@1@15@@oe@2-2-2013
21644011@unknown@formal@none@1@S@Instead, he says, "they were cautious, and that wasn't the message we wanted to deliver" on Monday.@@@@1@17@@oe@2-2-2013
21644012@unknown@formal@none@1@S@As Mr. Rivkin explains it, "We were raising some caution flags about rate rises in Europe and concerns about the LBO market.@@@@1@22@@oe@2-2-2013
21644013@unknown@formal@none@1@S@And by late Friday afternoon, actually after the close, we decided that was the wrong tone to take.@@@@1@18@@oe@2-2-2013
21644014@unknown@formal@none@1@S@With the market down, we wanted to tell people to put their orders in on the opening."@@@@1@17@@oe@2-2-2013
21644015@unknown@formal@none@1@S@Both before and after the Friday plunge, Shearson has maintained a recommended portfolio weighting of 65% stocks, 20% bonds and 15% cash.@@@@1@22@@oe@2-2-2013
21645001@unknown@formal@none@1@S@Sheldon B. Lubar, chairman of Lubar & Co., and John L. Murray, chairman of Universal Foods Corp., were elected to the board of this engine maker.@@@@1@26@@oe@2-2-2013
21645002@unknown@formal@none@1@S@They succeed Robert W. Kasten and John R. Parker, who reached the mandatory retirement age.@@@@1@15@@oe@2-2-2013
21646001@unknown@formal@none@1@S@China's slide toward recession is beginning to look like a free fall.@@@@1@12@@oe@2-2-2013
21646002@unknown@formal@none@1@S@In a report on China's foundering economy, the official State Statistical Bureau disclosed that industrial output last month rose 0.9% from a year earlier-the lowest growth rate in a decade for September.@@@@1@32@@oe@2-2-2013
21646003@unknown@formal@none@1@S@Retail sales are plummeting, while consumer prices still are rising.@@@@1@10@@oe@2-2-2013
21646004@unknown@formal@none@1@S@Chinese and foreign economists now predict prolonged stagflation: low growth and high inflation.@@@@1@13@@oe@2-2-2013
21646005@unknown@formal@none@1@S@"The economy is crashing hard," says an Asian economist in Beijing.@@@@1@11@@oe@2-2-2013
21646006@unknown@formal@none@1@S@"The slowdown is taking hold a lot more quickly and devastatingly than anyone had expected."@@@@1@15@@oe@2-2-2013
21646007@unknown@formal@none@1@S@A lengthy recession, if it materializes, would drain state coffers and create severe hardships for urban workers.@@@@1@17@@oe@2-2-2013
21646008@unknown@formal@none@1@S@Experts predict the coming year will be characterized by flat or negative industrial growth, rising unemployment and a widening budget deficit.@@@@1@21@@oe@2-2-2013
21646009@unknown@formal@none@1@S@Unless the government suddenly reverses course, wages for most workers won't keep pace with inflation, creating a potential source of urban unrest.@@@@1@22@@oe@2-2-2013
21646010@unknown@formal@none@1@S@The economy's slowdown is due only partly to the austerity program launched in September 1988 to cool an overheated economy and tame inflation.@@@@1@23@@oe@2-2-2013
21646011@unknown@formal@none@1@S@(Industrial output surged 21% in 1988, while inflation peaked last February at nearly 30%.)@@@@1@14@@oe@2-2-2013
21646012@unknown@formal@none@1@S@The slowdown also results from chronic energy and raw-materials shortages that force many factories to restrict operations to two or three days a week.@@@@1@24@@oe@2-2-2013
21646013@unknown@formal@none@1@S@In Western, market-driven countries, recessions often have a bright side: prodding the economy to greater efficiency.@@@@1@16@@oe@2-2-2013
21646014@unknown@formal@none@1@S@In China, however, there isn't likely to be any silver lining because the economy remains guided primarily by the state.@@@@1@20@@oe@2-2-2013
21646015@unknown@formal@none@1@S@Instead, China is likely to shell out ever-greater subsidies to its coddled state-run enterprises, which ate up $18 billion in bailouts last year.@@@@1@23@@oe@2-2-2013
21646016@unknown@formal@none@1@S@Nor are any of these inefficient monoliths likely to be allowed to go bankrupt.@@@@1@14@@oe@2-2-2013
21646017@unknown@formal@none@1@S@Rather, the brunt of the slowdown will be felt in the fast-growing private and semi-private "township" enterprises, which have fallen into disfavor as China's leaders re-emphasize an orthodox Marxist preference for public ownership.@@@@1@33@@oe@2-2-2013
21646018@unknown@formal@none@1@S@"When the going gets rough, China penalizes the efficient and rewards the incompetent," says a Western economist.@@@@1@17@@oe@2-2-2013
21646019@unknown@formal@none@1@S@Reports of an economy near recession come as officials prepare a major Communist Party plenum for sometime in the next few weeks.@@@@1@22@@oe@2-2-2013
21646020@unknown@formal@none@1@S@The meeting is expected to call for heightened austerity for two years.@@@@1@12@@oe@2-2-2013
21646021@unknown@formal@none@1@S@But with industrial growth stagnant and inflation showing signs of easing, some voices may call for measures to pump new life into the economy.@@@@1@24@@oe@2-2-2013
21646022@unknown@formal@none@1@S@Some analysts believe China soon will begin relaxing economic controls, particularly by loosening credit.@@@@1@14@@oe@2-2-2013
21646023@unknown@formal@none@1@S@That would benefit Chinese enterprises as well as Sino-foreign joint ventures, both of which have been plagued by shortages of working capital.@@@@1@22@@oe@2-2-2013
21646024@unknown@formal@none@1@S@A dangerous buildup this year of billions of dollars in inter-company debts threatens, if unchecked, to bring the economy to a collapse.@@@@1@22@@oe@2-2-2013
21646025@unknown@formal@none@1@S@One sign of a possible easing of credit policy was the decision this week of People's Bank of China, the central bank, to allocate $5.4 billion in short-term loans to pay farmers for the autumn harvest, the official China Daily reported.@@@@1@41@@oe@2-2-2013
21646026@unknown@formal@none@1@S@But while pumping more money into the economy would bring relief to many industries, it also runs the risk of triggering another period of runaway growth and steep inflation.@@@@1@29@@oe@2-2-2013
21646027@unknown@formal@none@1@S@The cycle has been repeated several times since China began reforming its planned economy in 1979.@@@@1@16@@oe@2-2-2013
21646028@unknown@formal@none@1@S@And, because China's leaders have abandoned plans to drastically reform the economy, it is likely to continue, analysts say.@@@@1@19@@oe@2-2-2013
21646029@unknown@formal@none@1@S@The statistical bureau's report, cited in China Daily, notes that industrial output in September totaled $29.4 billion, a rise of just 0.9% from a year earlier.@@@@1@26@@oe@2-2-2013
21646030@unknown@formal@none@1@S@Output declined in several provinces, including Jiangsu and Zhejiang, two key coastal areas, and Sichuan, the nation's agricultural breadbasket.@@@@1@19@@oe@2-2-2013
21646031@unknown@formal@none@1@S@Production in Shanghai, China's industrial powerhouse and the largest source of tax revenue for the central government, fell 1.8% for the month.@@@@1@22@@oe@2-2-2013
21646032@unknown@formal@none@1@S@Nationwide, output of light industrial products declined 1.8% -- "the first decline in 10 years," a bureau spokesman told China Daily.@@@@1@21@@oe@2-2-2013
21646033@unknown@formal@none@1@S@In an unusually direct statement, the bureau spokesman recommended that state banks extend more credit to shopkeepers so that they can purchase manufacturers' goods.@@@@1@24@@oe@2-2-2013
21646034@unknown@formal@none@1@S@"This will prevent a slide in industrial production, which will otherwise cause new panic buyings," the spokesman said.@@@@1@18@@oe@2-2-2013
21647001@unknown@formal@none@1@S@The 1986 tax overhaul, the biggest achievement of President Reagan's second term, is beginning to fall apart, and interest groups are lining up for tax goodies all over Capitol Hill.@@@@1@30@@oe@2-2-2013
21647002@unknown@formal@none@1@S@Real-estate executives are lobbying to ease anti-tax-shelter rules.@@@@1@8@@oe@2-2-2013
21647003@unknown@formal@none@1@S@Charitable groups are trying to reinstate the write-off for contributions made by individuals who don't itemize their deductions.@@@@1@18@@oe@2-2-2013
21647004@unknown@formal@none@1@S@Big auction houses want to make collectibles eligible for lower capital-gains taxes.@@@@1@12@@oe@2-2-2013
21647005@unknown@formal@none@1@S@And heavy-industry lobbyists are quietly discussing the possibility of reinstating the investment tax credit.@@@@1@14@@oe@2-2-2013
21647006@unknown@formal@none@1@S@"Everything is up for grabs," says Theodore Groom, a lobbyist for mutual life-insurance companies.@@@@1@14@@oe@2-2-2013
21647007@unknown@formal@none@1@S@Adds Robert Juliano, the head lobbyist for a variety of interests that want to protect the tax deduction for travel and entertainment expenses: "It appears as though the whole thing is wide open again."@@@@1@34@@oe@2-2-2013
21647008@unknown@formal@none@1@S@The catalyst has been the congressional move to restore preferential tax treatment for capital gains, an effort that is likely to succeed in this Congress.@@@@1@25@@oe@2-2-2013
21647009@unknown@formal@none@1@S@Other fundamental "reforms" of the 1986 act have been threatened as well.@@@@1@12@@oe@2-2-2013
21647010@unknown@formal@none@1@S@The House seriously considered raising the top tax rate paid by individuals with the highest incomes.@@@@1@16@@oe@2-2-2013
21647011@unknown@formal@none@1@S@The Senate Finance Committee voted to expand the deduction for individual retirement accounts, and also to bring back income averaging for farmers, a tax preference that allows income to be spread out over several years.@@@@1@35@@oe@2-2-2013
21647012@unknown@formal@none@1@S@As part of the same bill, the finance panel also voted in favor of billions of dollars in narrow tax breaks for individuals and corporations, in what committee member Sen. David Pryor (D., Ark.) calls a "feeding frenzy" of special-interest legislating.@@@@1@41@@oe@2-2-2013
21647013@unknown@formal@none@1@S@The beneficiaries would range from pineapple growers to rich grandparents to tuxedo-rental shops.@@@@1@13@@oe@2-2-2013
21647014@unknown@formal@none@1@S@To be sure, the full Senate, facing a fast-approaching budget deadline, last Friday stripped away all of the tax breaks that were contained in the Finance Committee bill.@@@@1@28@@oe@2-2-2013
21647015@unknown@formal@none@1@S@But lawmakers of both parties agree that the streamlining was temporary.@@@@1@11@@oe@2-2-2013
21647016@unknown@formal@none@1@S@Other bills will be moving soon that are expected to carry many of the tax cuts, including both the capital-gains and IRA provisions.@@@@1@23@@oe@2-2-2013
21647017@unknown@formal@none@1@S@"There isn't any doubt that the thread of the '86 code has been given a mighty tug," says Rep. Thomas Downey (D., N.Y.).@@@@1@23@@oe@2-2-2013
21647018@unknown@formal@none@1@S@"You'll see the annual unraveling of it."@@@@1@7@@oe@2-2-2013
21647019@unknown@formal@none@1@S@"It's back to tax-give-away time for the select few," says Rep. William Gray of Pennsylvania, the third-ranking Democrat in the House.@@@@1@21@@oe@2-2-2013
21647020@unknown@formal@none@1@S@Referring to the chairmen of the Senate and House tax-writing committees, he adds, "Next year, every special-interest group is going to be there knocking on Lloyd Bentsen's door, on Danny Rostenkowski's door."@@@@1@32@@oe@2-2-2013
21647021@unknown@formal@none@1@S@Many groups aren't waiting that long.@@@@1@6@@oe@2-2-2013
21647022@unknown@formal@none@1@S@Just last week, a House Ways and Means subcommittee held a lengthy meeting to hear the pleas of individual cities, companies and interest groups who want to open their own special loopholes.@@@@1@32@@oe@2-2-2013
21647023@unknown@formal@none@1@S@"It's a Swiss-cheese factory and the cheese smells pretty good," commented one veteran lobbyist who was watching the proceedings.@@@@1@19@@oe@2-2-2013
21647024@unknown@formal@none@1@S@Even lobbyists for heavy industry, one of the interests hit hardest in the 1986 bill, are encouraged.@@@@1@17@@oe@2-2-2013
21647025@unknown@formal@none@1@S@The return of pro-investment tax breaks such as those for capital gains and IRAs "creates more of a mood or a mindset that is helpful for getting better depreciation (write-offs) or investment credits," says Paul Huard, a vice president for the National Association of Manufacturers.@@@@1@45@@oe@2-2-2013
21647026@unknown@formal@none@1@S@Corporate lobbyist Charls Walker is planning a spring conference to discuss what tax changes to make to improve "competitiveness."@@@@1@19@@oe@2-2-2013
21647027@unknown@formal@none@1@S@In reaction to proposed capital-gains legislation, groups are lobbying to make sure they aren't left off the gravy train.@@@@1@19@@oe@2-2-2013
21647028@unknown@formal@none@1@S@Real-estate interests, for example, are protesting an omission in President Bush's capital-gains proposal: It doesn't include real-estate gains.@@@@1@18@@oe@2-2-2013
21647029@unknown@formal@none@1@S@"If there is going to be a tax scheme that contemplates lower treatment of capital gains, they certainly want to be part of it," says real-estate lobbyist Wayne Thevenot of Concord Associates.@@@@1@32@@oe@2-2-2013
21647030@unknown@formal@none@1@S@In the House-passed tax bill, Mr. Thevenot got his wish; real-estate assets are included in the capital-gains provision.@@@@1@18@@oe@2-2-2013
21647031@unknown@formal@none@1@S@But Sotheby's, Christie's and the National Association of Antique Dealers are still trying to get theirs.@@@@1@16@@oe@2-2-2013
21647032@unknown@formal@none@1@S@They have sent a letter to congressional tax-writers asking that gains from the sale of collectibles also be given preferential treatment.@@@@1@21@@oe@2-2-2013
21647033@unknown@formal@none@1@S@"Collectibles should continue to be recognized as capital assets," the letter states.@@@@1@12@@oe@2-2-2013
21647034@unknown@formal@none@1@S@All of this talk is antithetical to the Tax Reform Act of 1986.@@@@1@13@@oe@2-2-2013
21647035@unknown@formal@none@1@S@In exchange for dramatically lower tax rates, the framers of that legislation sought to eliminate most of the exemptions, deductions and credits that gave some taxpayers an advantage over others.@@@@1@30@@oe@2-2-2013
21647036@unknown@formal@none@1@S@The goal was to tax people with roughly equivalent incomes equally, and to eliminate the many shelters that allowed the wealthy to escape taxes.@@@@1@24@@oe@2-2-2013
21647037@unknown@formal@none@1@S@Two of the major ways that tax-writers managed to attain these ends were to scrap the preferential treatment of capital gains and to curtail the use of paper losses, also known as passive losses, that made many tax shelters possible.@@@@1@40@@oe@2-2-2013
21647038@unknown@formal@none@1@S@Many other tax benefits also were swept away.@@@@1@8@@oe@2-2-2013
21647039@unknown@formal@none@1@S@This year Congress, with prodding from President Bush, has been busy trying to put many of these same tax preferences back into the code.@@@@1@24@@oe@2-2-2013
21647040@unknown@formal@none@1@S@It appears likely that, this year or next, some form of capital-gains preference and passive-loss restoration will be enacted.@@@@1@19@@oe@2-2-2013
21647041@unknown@formal@none@1@S@Other tax benefits probably will be restored and created.@@@@1@9@@oe@2-2-2013
21647042@unknown@formal@none@1@S@The main obstacle is finding a way to pay for them.@@@@1@11@@oe@2-2-2013
21647043@unknown@formal@none@1@S@"The '86 act was a fluke.@@@@1@6@@oe@2-2-2013
21647044@unknown@formal@none@1@S@They wanted reform and they got a revolution," says overhaul advocate Rep. Willis Gradison (R., Ohio).@@@@1@16@@oe@2-2-2013
21647045@unknown@formal@none@1@S@So, is the tax code now open game again?@@@@1@9@@oe@2-2-2013
21647046@unknown@formal@none@1@S@Mr. Juliano thinks so.@@@@1@4@@oe@2-2-2013
21647047@unknown@formal@none@1@S@One recent Saturday morning he stayed inside the Capitol monitoring tax-and-budget talks instead of flying to San Francisco for a fund-raiser and then to his hometown of Chicago for the 30th reunion of St. Ignatius High School.@@@@1@37@@oe@2-2-2013
21647048@unknown@formal@none@1@S@"I'm too old to waste a weekend, but that's what I did," the 48-year-old Mr. Juliano moans.@@@@1@17@@oe@2-2-2013
21647049@unknown@formal@none@1@S@"These days, anything can happen.@@@@1@5@@oe@2-2-2013
21648001@unknown@formal@none@1@S@Lufthansa AG said passenger volume climbed 5.2% for the first nine months of 1989 to 15.3 million passengers from 14.5 million passengers in the year-earlier period.@@@@1@26@@oe@2-2-2013
21648002@unknown@formal@none@1@S@The West German national air carrier said cargo volume jumped 12% to 638,000 metric tons from 569,000 tons a year ago.@@@@1@21@@oe@2-2-2013
21648003@unknown@formal@none@1@S@Load factor, or percentage of seats filled, climbed to 67.1% from 66.6%, even though the number of flights rose 6.9% to 215,845 in the first-three quarters.@@@@1@26@@oe@2-2-2013
21648004@unknown@formal@none@1@S@From January through September, the distance flown by Lufthansa airplanes rose 5.6% to 266.2 million kilometers from a year earlier, the company added.@@@@1@23@@oe@2-2-2013
21649001@unknown@formal@none@1@S@Raymond Chandler, in a 1950 letter defending a weak Hemingway book, likened a champion writer to a baseball pitcher.@@@@1@19@@oe@2-2-2013
21649002@unknown@formal@none@1@S@When the champ has lost his stuff, the great mystery novelist wrote, "when he can no longer throw the high hard one, he throws his heart instead.@@@@1@27@@oe@2-2-2013
21649003@unknown@formal@none@1@S@He throws something.@@@@1@3@@oe@2-2-2013
21649004@unknown@formal@none@1@S@He doesn't just walk off the mound and weep."@@@@1@9@@oe@2-2-2013
21649005@unknown@formal@none@1@S@Chandler might have been predicting the course of his own career.@@@@1@11@@oe@2-2-2013
21649006@unknown@formal@none@1@S@His last published novel featuring private detective Philip Marlowe, the inferior "Playback" (1958), at times read almost like a parody of his previous work.@@@@1@24@@oe@2-2-2013
21649007@unknown@formal@none@1@S@When he died in 1959, Chandler left behind four chapters of yet another Marlowe book, "The Poodle Springs Story," which seemed to go beyond parody into something like burlesque.@@@@1@29@@oe@2-2-2013
21649008@unknown@formal@none@1@S@"Champ" Chandler's last pitch, apparently, was a screwball.@@@@1@8@@oe@2-2-2013
21649009@unknown@formal@none@1@S@Now Robert Parker, author of several best sellers featuring Spenser, a contemporary private eye in the Marlowe mold, has with the blessings of the Chandler estate been hired to complete "The Poodle Springs Story."@@@@1@34@@oe@2-2-2013
21649010@unknown@formal@none@1@S@The result, "Poodle Springs" (Putnam's, 288 pages, $18.95) is an entertaining, easy to read and fairly graceful extension of the Marlowe chronicle, full of hard-boiled wisecracks and California color.@@@@1@29@@oe@2-2-2013
21649011@unknown@formal@none@1@S@If it does not quite have Chandler's special magic -- well, at the end, neither did Chandler.@@@@1@17@@oe@2-2-2013
21649012@unknown@formal@none@1@S@As the book begins, a newly wed Marlowe roars into the desert resort of Poodle (a.k.a. Palm) Springs at the wheel of a Cadillac Fleetwood.@@@@1@25@@oe@2-2-2013
21649013@unknown@formal@none@1@S@His bride is the rich and beautiful Linda Loring, a character who also appeared in Chandler's "The Long Goodbye" and "Playback."@@@@1@21@@oe@2-2-2013
21649014@unknown@formal@none@1@S@Philip and Linda move into her mansion and can't keep their hands off each other, even in front of the Hawaiian/Japanese houseman.@@@@1@22@@oe@2-2-2013
21649015@unknown@formal@none@1@S@But the lovebirds have a conflict.@@@@1@6@@oe@2-2-2013
21649016@unknown@formal@none@1@S@He wants to continue being a low-paid private eye, and she wants him to live off the million dollars she's settled on him.@@@@1@23@@oe@2-2-2013
21649017@unknown@formal@none@1@S@That's Chandler's setup.@@@@1@3@@oe@2-2-2013
21649018@unknown@formal@none@1@S@Mr. Parker spins it into a pretty satisfying tale involving Poodle Springs high life, Hollywood low life and various folk who hang their hats in both worlds.@@@@1@27@@oe@2-2-2013
21649019@unknown@formal@none@1@S@The supporting lineup is solid, the patter is amusing and there's even a cameo by Bernie Ohls, the "good cop" of previous Chandler books who still doesn't hesitate to have Marlowe jailed when it suits his purposes.@@@@1@37@@oe@2-2-2013
21649020@unknown@formal@none@1@S@The style throughout bears a strong resemblance to Chandler's prose at its most pared down.@@@@1@15@@oe@2-2-2013
21649021@unknown@formal@none@1@S@All told, Mr. Parker does a better job of making a novel out of this abandoned fragment than anyone might have had a right to expect.@@@@1@26@@oe@2-2-2013
21649022@unknown@formal@none@1@S@But there are grounds for complaint.@@@@1@6@@oe@2-2-2013
21649023@unknown@formal@none@1@S@At one point, the reader is two steps ahead of Marlowe in catching on to a double identity scam -- and Marlowe is supposed to be the pro.@@@@1@28@@oe@2-2-2013
21649024@unknown@formal@none@1@S@More bothersome, there are several apparent anachronisms.@@@@1@7@@oe@2-2-2013
21649025@unknown@formal@none@1@S@Contact lenses, tank tops, prostitutes openly working the streets of Hollywood and the Tequila Sunrise cocktail all seem out of place in the 1950s.@@@@1@24@@oe@2-2-2013
21649026@unknown@formal@none@1@S@A little more care in re-creating Marlowe's universe would have made the book that much more enjoyable.@@@@1@17@@oe@2-2-2013
21649027@unknown@formal@none@1@S@Mr. Nolan is a contributing editor at Los Angeles Magazine.@@@@1@10@@oe@2-2-2013
21650001@unknown@formal@none@1@S@Ko Shioya spent eight years as the editor in chief of the Japanese edition of Reader's Digest.@@@@1@17@@oe@2-2-2013
21650002@unknown@formal@none@1@S@"Japan has been a major importer of foreign information and news," says Mr. Shioya.@@@@1@14@@oe@2-2-2013
21650003@unknown@formal@none@1@S@"But one gets fed up with importing information and news."@@@@1@10@@oe@2-2-2013
21650004@unknown@formal@none@1@S@Mr. Shioya has turned the tables.@@@@1@6@@oe@2-2-2013
21650005@unknown@formal@none@1@S@Today, he is publisher of Business Tokyo magazine, the first English-language business magazine devoted to coverage of Japanese business.@@@@1@19@@oe@2-2-2013
21650006@unknown@formal@none@1@S@After a slick redesign, the two-year-old magazine has been relaunched this month by its parent company, Keizaikai Corp., the Tokyo-based company with interests that include financial services, book publishing and a tourist agency.@@@@1@33@@oe@2-2-2013
21650007@unknown@formal@none@1@S@Printed in the U.S. and carrying the line "The Insider's Japan," Business Tokyo's October cover story was "The World's No. 1 Customer" -- Japanese women.@@@@1@25@@oe@2-2-2013
21650008@unknown@formal@none@1@S@Keizaikai is one of a small but growing band of Japanese companies taking their first steps into American publishing, after making major investments in entertainment, real estate and banking companies here.@@@@1@31@@oe@2-2-2013
21650009@unknown@formal@none@1@S@Japanese concerns have retained a number of publishing consultants and media brokers to study the U.S. market, including the New York-based investment banker Veronis, Suhler & Associates.@@@@1@27@@oe@2-2-2013
21650010@unknown@formal@none@1@S@And they are quietly linking up with U.S. publishing trade groups.@@@@1@11@@oe@2-2-2013
21650011@unknown@formal@none@1@S@"Japanese publishers want to be introduced to the publishing and information industries," said John Veronis, chairman of Veronis Suhler.@@@@1@19@@oe@2-2-2013
21650012@unknown@formal@none@1@S@While there aren't any major deals in the works currently on the scale of Sony Corp.'s recent $3.4 billion agreement to buy Columbia Pictures Entertainment Inc., observers don't rule out a transaction of that size.@@@@1@35@@oe@2-2-2013
21650013@unknown@formal@none@1@S@"The Japanese take the long view." said Mr. Veronis.@@@@1@9@@oe@2-2-2013
21650014@unknown@formal@none@1@S@"It may not be weeks or months, but they are also opportunistic and if they feel comfortable, they will move on a deal," he said.@@@@1@25@@oe@2-2-2013
21650015@unknown@formal@none@1@S@In recent months, three big Tokyo-based publishing concerns -- including Nikkei Business Publications, Nikkei Home (no relation), and Magazine House -- applied for membership in Magazine Publishers of America, which represents almost all U.S. consumer magazines.@@@@1@36@@oe@2-2-2013
21650016@unknown@formal@none@1@S@Japanese involvement in American publishing has been so small to date that magazines such as Business Tokyo are considered groundbreakers.@@@@1@20@@oe@2-2-2013
21650017@unknown@formal@none@1@S@When Keizaikai launched Business Tokyo in 1987, it appealed to a more multinational audience.@@@@1@14@@oe@2-2-2013
21650018@unknown@formal@none@1@S@The magazine was overhauled with the aid of American magazine design gurus Milton Glaser and Walter Bernard, and targets top-level U.S. executives with Japanese and American advertisers.@@@@1@27@@oe@2-2-2013
21650019@unknown@formal@none@1@S@American publishers appear more than ready to do some selling.@@@@1@10@@oe@2-2-2013
21650020@unknown@formal@none@1@S@Susumu Ohara, president of Nihon Keizai Shinbun America Inc., publisher of the Japan Economic Journal, said he receives telephone calls weekly from media bankers on whether his parent company is interested in buying a U.S. consumer or business magazine.@@@@1@39@@oe@2-2-2013
21650021@unknown@formal@none@1@S@"The Japanese are in the early stage right now," said Thomas Kenney, a onetime media adviser for First Boston Corp. who was recently appointed president of Reader's Digest Association's new Magazine Publishing Group.@@@@1@33@@oe@2-2-2013
21650022@unknown@formal@none@1@S@"Before, they were interested in hard assets and they saw magazines as soft.@@@@1@13@@oe@2-2-2013
21650023@unknown@formal@none@1@S@Now they realize magazines are as much a franchise as Nabisco is a franchise.@@@@1@14@@oe@2-2-2013
21651001@unknown@formal@none@1@S@Bell Atlantic Corp. and Southern New England Telecommunications posted strong profit gains for the third quarter, while Nynex Corp., Pacific Telesis Group and U S West Inc. reported earnings declines for the period.@@@@1@33@@oe@2-2-2013
21651002@unknown@formal@none@1@S@Rate settlements in Minnesota and Colorado depressed U S West's third-quarter profit.@@@@1@12@@oe@2-2-2013
21651003@unknown@formal@none@1@S@Denver-based U S West said net income dropped 8.9%, noting that the year-ago quarter included the sale of a building by its BetaWest Properties unit.@@@@1@25@@oe@2-2-2013
21651004@unknown@formal@none@1@S@Revenue dropped 4.3% to $2.3 billion from $2.4 billion, reflecting declines in its consumer-telephone sector, long-distance carrier business and diversified division.@@@@1@21@@oe@2-2-2013
21651005@unknown@formal@none@1@S@Revenue from business-telephone operations grew 3.3% to $618.9 million from $599.4 million a year ago.@@@@1@15@@oe@2-2-2013
21651006@unknown@formal@none@1@S@New telephone lines posted healthy growth.@@@@1@6@@oe@2-2-2013
21651007@unknown@formal@none@1@S@Overall they increased 2.8% to 12.1 million, putting U S West over the 12 million mark for the first time.@@@@1@20@@oe@2-2-2013
21651008@unknown@formal@none@1@S@Business lines increased 3.7% to 3.3 million.@@@@1@7@@oe@2-2-2013
21651009@unknown@formal@none@1@S@"On a truly comparable basis, we've seen modest earnings growth this year from the operations of our company," said Jack MacAllister, chairman and chief executive officer.@@@@1@26@@oe@2-2-2013
21651010@unknown@formal@none@1@S@"The major negative factor was the cumulative impact of regulatory activity over the past two years."@@@@1@16@@oe@2-2-2013
21651011@unknown@formal@none@1@S@He said the company expects to be "on target" with analysts' projections by year end but conceded that the fourth quarter represents "a significant challenge."@@@@1@25@@oe@2-2-2013
21651012@unknown@formal@none@1@S@Expenses in the quarter dropped 11.2% to $664.3 million from $747.7 million a year ago.@@@@1@15@@oe@2-2-2013
21651013@unknown@formal@none@1@S@Yesterday, U S West shares rose 75 cents to close at $71.25 in New York Stock Exchange composite trading.@@@@1@19@@oe@2-2-2013
21651014@unknown@formal@none@1@S@Philadelphia-based Bell Atlantic said net rose 6.5%, aided by strong growth in the network-services business and an increase in the number of new telephone lines.@@@@1@25@@oe@2-2-2013
21651015@unknown@formal@none@1@S@Revenue jumped 5.6% to $2.9 billion from $2.8 billion in the year-ago quarter.@@@@1@13@@oe@2-2-2013
21651016@unknown@formal@none@1@S@Revenue from financial and real-estate services jumped 23% to $177.4 million from $144.1 million a year ago.@@@@1@17@@oe@2-2-2013
21651017@unknown@formal@none@1@S@Network-access revenue from long-distance telephone companies increased 6.4% to $618.6 million.@@@@1@11@@oe@2-2-2013
21651018@unknown@formal@none@1@S@Bell Atlantic added 148,000 new telephone lines in the quarter for a total of 16.9 million.@@@@1@16@@oe@2-2-2013
21651019@unknown@formal@none@1@S@The company said per-share earnings were slightly reduced by the sale of 4.1 million shares of treasury stock to the company's newly formed Employee Stock Ownership Plans.@@@@1@27@@oe@2-2-2013
21651020@unknown@formal@none@1@S@In composite trading on the Big Board, Bell Atlantic closed at $100.625, up $1.50 a share.@@@@1@16@@oe@2-2-2013
21651021@unknown@formal@none@1@S@At Nynex, net slumped 14.8%, primarily because of a continuing strike by 60,000 employees, lower-than-expected profit at its New York Telephone unit and significantly higher taxes and costs.@@@@1@28@@oe@2-2-2013
21651022@unknown@formal@none@1@S@State and local taxes increased to $131.3 million from $99.1 million a year ago.@@@@1@14@@oe@2-2-2013
21651023@unknown@formal@none@1@S@Nynex said expenses rose 4.5% to $2.73 billion from $2.61 billion, a $119 million increase.@@@@1@15@@oe@2-2-2013
21651024@unknown@formal@none@1@S@Most of the higher costs were associated with acquisitions and growth in nonregulated business units, it added.@@@@1@17@@oe@2-2-2013
21651025@unknown@formal@none@1@S@"Our net income isn't where we would want it to be at this point," said William C. Ferguson, chairman and chief executive officer.@@@@1@23@@oe@2-2-2013
21651026@unknown@formal@none@1@S@"This deviation from our past growth patterns is caused largely by lower earnings at New York Telephone."@@@@1@17@@oe@2-2-2013
21651027@unknown@formal@none@1@S@Mr. Ferguson said a continued softness in New York City area's economy and increased competition, particularly in the private-line market, took a heavy toll on earnings.@@@@1@26@@oe@2-2-2013
21651028@unknown@formal@none@1@S@The three-month-old strike at Nynex seriously hurt the installation of new telephone lines in the quarter.@@@@1@16@@oe@2-2-2013
21651029@unknown@formal@none@1@S@Nynex said access lines in service at the end of the quarter were off 18,000 from the previous quarter, which reported an increase of 160,000 new access lines.@@@@1@28@@oe@2-2-2013
21651030@unknown@formal@none@1@S@Revenue rose to $3.31 billion from $3.18 billion, mostly from acquisition of AGS Computers and robust non-regulated businesses.@@@@1@18@@oe@2-2-2013
21651031@unknown@formal@none@1@S@In Big Board composite trading yesterday, Nynex common closed at $81.125, up $1.625.@@@@1@13@@oe@2-2-2013
21651032@unknown@formal@none@1@S@Southern New England Telecommunications, which bolstered its marketing efforts for telephone and non-telephone subsidiaries, reported that net increased 8.1%.@@@@1@19@@oe@2-2-2013
21651033@unknown@formal@none@1@S@Walter H. Monteith Jr., SNET chairman and chief executive officer, said: "Innovative marketing of our products and services contributed to increase revenue."@@@@1@22@@oe@2-2-2013
21651034@unknown@formal@none@1@S@Revenue and sales increased 7.5% to $423.9 million from $394.4 million a year earlier.@@@@1@14@@oe@2-2-2013
21651035@unknown@formal@none@1@S@Yellow pages advertising sales rose 11.8% to $41.2 million.@@@@1@9@@oe@2-2-2013
21651036@unknown@formal@none@1@S@Cost and expenses for the quarter, excluding interest, increased 6.1% to $333.3 million from $314 million the year before.@@@@1@19@@oe@2-2-2013
21651037@unknown@formal@none@1@S@SNET common rose $1.25 to $85.50 a share yesterday in composite trading on the Big Board.@@@@1@16@@oe@2-2-2013
21651038@unknown@formal@none@1@S@San Francisco-based Pacific Telesis said net declined 12.6%, primarily because of regulatory action.@@@@1@13@@oe@2-2-2013
21651039@unknown@formal@none@1@S@Revenue was about flat at $2.4 billion.@@@@1@7@@oe@2-2-2013
21651040@unknown@formal@none@1@S@Revenue was reduced $33 million by three extraordinary items: a California Public Utilities Commission refund for an American Telephone & Telegraph Co. billing adjustment; a provision for productivity sharing to be paid to customers in 1990 and a one-time accrual for a toll settlement with long-distance telephone companies.@@@@1@48@@oe@2-2-2013
21651041@unknown@formal@none@1@S@Excluding the one-time charges, the company would have posted earnings of $298 million, or 73 cents a share.@@@@1@18@@oe@2-2-2013
21651042@unknown@formal@none@1@S@The company also was hurt by a $289 million rate reduction that went into effect in 1989.@@@@1@17@@oe@2-2-2013
21651043@unknown@formal@none@1@S@"This is a good quarter for us in terms of our business fundamentals," said Sam Ginn, chairman and chief executive officer.@@@@1@21@@oe@2-2-2013
21651044@unknown@formal@none@1@S@Pacific Telesis said new telephone lines increased 4.5% for a total of about $13.5 million for the quarter; toll calls increased 9.6% to 807 million and minutes of telephone usage increased to 9.9 billion.@@@@1@34@@oe@2-2-2013
21651045@unknown@formal@none@1@S@In Big Board composite trading yesterday, Pacific Telesis common closed at $45.50, up 87.5 cents.@@@@1@15@@oe@2-2-2013
21651046@unknown@formal@none@1@S@a-Includes a one-time gain of $88.7 million from a commonstock sale by U S West's U S West New Vector Group.@@@@1@21@@oe@2-2-2013
21651047@unknown@formal@none@1@S@b-Includes a $41.3 million gain on the sale of FiberCom.@@@@1@10@@oe@2-2-2013
21652001@unknown@formal@none@1@S@Amoco Corp. said third-quarter net income plunged 39% to $336 million, or 65 cents a share, as gasoline refining and marketing profits lagged substantially behind last year's record level.@@@@1@29@@oe@2-2-2013
21652002@unknown@formal@none@1@S@A charge of $80 million related to projected environmental costs in its refining and marketing operations further depressed results.@@@@1@19@@oe@2-2-2013
21652003@unknown@formal@none@1@S@A spokesman said Amoco completed an environmental analysis last quarter but that no single clean-up project was responsible.@@@@1@18@@oe@2-2-2013
21652004@unknown@formal@none@1@S@In the 1988 third quarter, the Chicago-based oil company earned $552 million, or $1.07 a share.@@@@1@16@@oe@2-2-2013
21652005@unknown@formal@none@1@S@Revenue in the latest quarter rose 12% to $6.6 billion from $5.91 billion.@@@@1@13@@oe@2-2-2013
21652006@unknown@formal@none@1@S@Aside from the special charge, Amoco's results were in line with Wall Street estimates.@@@@1@14@@oe@2-2-2013
21652007@unknown@formal@none@1@S@The company's stock ended at $48.375, up 25 cents in New York Stock Exchange composite trading.@@@@1@16@@oe@2-2-2013
21652008@unknown@formal@none@1@S@Amoco is the first major oil company to report third-quarter results.@@@@1@11@@oe@2-2-2013
21652009@unknown@formal@none@1@S@Analysts expect others to show a similar pattern.@@@@1@8@@oe@2-2-2013
21652010@unknown@formal@none@1@S@Generally in the quarter, overproduction of gasoline and higher crude oil prices pressured profitability.@@@@1@14@@oe@2-2-2013
21652011@unknown@formal@none@1@S@The industry's chemical profits also declined because excess capacity has depressed prices.@@@@1@12@@oe@2-2-2013
21652012@unknown@formal@none@1@S@Gasoline margins may rebound this quarter, some industry officials say, but they believe chemical margins could worsen.@@@@1@17@@oe@2-2-2013
21652013@unknown@formal@none@1@S@American Petrofina Inc., a Dallas-based integrated oil company, yesterday said its third-quarter earnings declined by more than half.@@@@1@18@@oe@2-2-2013
21652014@unknown@formal@none@1@S@Fina blamed lower chemical prices, reduced gasoline margins and refinery maintenance shutdowns.@@@@1@12@@oe@2-2-2013
21652015@unknown@formal@none@1@S@It said net income dropped to $15.1 million, or 98 cents a share, from $35.2 million, or $2.66 a share.@@@@1@20@@oe@2-2-2013
21652016@unknown@formal@none@1@S@Sales rose 2.2% to $711.9 million from $696.1 million.@@@@1@9@@oe@2-2-2013
21652017@unknown@formal@none@1@S@Amoco's refining and marketing profit in the quarter fell to $134 million from $319 million.@@@@1@15@@oe@2-2-2013
21652018@unknown@formal@none@1@S@Chemical earnings declined by one-third to $120 million last year's robust levels.@@@@1@12@@oe@2-2-2013
21652019@unknown@formal@none@1@S@Amoco's domestic oil and natural gas operations recorded a profit of $104 million in the quarter compared with a loss of $5 million, "primarily on the strength of higher crude oil prices," said Chairman Richard M. Morrow.@@@@1@37@@oe@2-2-2013
21652020@unknown@formal@none@1@S@Amoco also sharply boosted natural-gas output, part of it from properties acquired from Tenneco Inc. last year.@@@@1@17@@oe@2-2-2013
21652021@unknown@formal@none@1@S@But foreign exploration and production earnings fell sharply, to $12 million from $95 million.@@@@1@14@@oe@2-2-2013
21652022@unknown@formal@none@1@S@Higher oil prices weren't enough to offset a roughly $20 million charge related to a 10% reduction in Amoco's Canadian work force as well as increased exploration expenses.@@@@1@28@@oe@2-2-2013
21652023@unknown@formal@none@1@S@For the nine months, Amoco said that net income fell to $1.29 billion from $1.69 billion but if unusual items are excluded, operations produced essentially flat results.@@@@1@27@@oe@2-2-2013
21652024@unknown@formal@none@1@S@Revenue rose 12% to $19.93 billion from $17.73 billion.@@@@1@9@@oe@2-2-2013
21653001@unknown@formal@none@1@S@James F. Gero, former chairman and chief executive officer of Varo Inc., and Richard J. Hatchett III, a Dallas investment banker, were elected directors of this medical-products concern, boosting the board to seven members.@@@@1@34@@oe@2-2-2013
21654001@unknown@formal@none@1@S@For retailers, Christmas, not Halloween, promises to be this year's spookiest season.@@@@1@12@@oe@2-2-2013
21654002@unknown@formal@none@1@S@Many retailers fear a price war will erupt if cash-strapped companies such as Campeau Corp. slash tags to spur sales.@@@@1@20@@oe@2-2-2013
21654003@unknown@formal@none@1@S@Concerns about the stock market, doubts about the economy in general and rising competition from catalog companies also haunt store operators.@@@@1@21@@oe@2-2-2013
21654004@unknown@formal@none@1@S@"Profits at Christmas could be under attack for every retailer," asserts Norman Abramson, president and chief operating officer of Clothestime Inc., an off-price chain.@@@@1@24@@oe@2-2-2013
21654005@unknown@formal@none@1@S@Even if there isn't any widespread discounting, the outlook for industry profits isn't good.@@@@1@14@@oe@2-2-2013
21654006@unknown@formal@none@1@S@Management Horizons forecasts a 1.4% profit decline for non-auto retailers this year, after annual drops that averaged 4.5% in 1988 and 1987.@@@@1@22@@oe@2-2-2013
21654007@unknown@formal@none@1@S@"For the last two and a half years, retailing has been in a mild recession," says Carl Steidtmann, chief economist at the Columbus, Ohio, consulting firm.@@@@1@26@@oe@2-2-2013
21654008@unknown@formal@none@1@S@This year, many stores are entering the Christmas season in turmoil: Bonwit Teller and B. Altman parent L.J. Hooker Corp. is operating under Chapter 11 of the federal Bankruptcy Code; B.A.T Industries PLC's healthy Saks Fifth Avenue and Marshall Field's chains are on the auction block; Campeau's Bloomingdale's is also on the block.@@@@1@53@@oe@2-2-2013
21654009@unknown@formal@none@1@S@Industry observers expect a wide divergence in performance.@@@@1@8@@oe@2-2-2013
21654010@unknown@formal@none@1@S@Stores in a state of confusion are likely to fare poorly, and to lose customers to stable chains such as Limited Inc., May Department Stores Co. and Dillard Department Stores Inc., which should do well.@@@@1@35@@oe@2-2-2013
21654011@unknown@formal@none@1@S@"There are going to be very clear winners and very clear losers," says Cynthia Turk, a Touche Ross & Co. retail consultant.@@@@1@22@@oe@2-2-2013
21654012@unknown@formal@none@1@S@Says Mr. Steidtmann: "I'm looking for a bi-polar Christmas."@@@@1@9@@oe@2-2-2013
21654013@unknown@formal@none@1@S@Economists expect general merchandise sales in the fourth quarter to rise 4.5% to 6% from year-ago figures.@@@@1@17@@oe@2-2-2013
21654014@unknown@formal@none@1@S@But Mr. Steidtmann predicts that healthy stores hawking mostly apparel could ring up gains of as much as 25% to 30%.@@@@1@21@@oe@2-2-2013
21654015@unknown@formal@none@1@S@Troubled chains could see their sales drop as much as 8%, he believes, as managers distracted by fears about the future allow their stores to get sloppy.@@@@1@27@@oe@2-2-2013
21654016@unknown@formal@none@1@S@Thin merchandise selections at the most troubled chains are also expected to hurt sales.@@@@1@14@@oe@2-2-2013
21654017@unknown@formal@none@1@S@Catalog companies are likely to pose a bigger threat to all stores this year, particularly in December.@@@@1@17@@oe@2-2-2013
21654018@unknown@formal@none@1@S@More than 200 catalog outfits are promoting a low-cost Federal Express service that guarantees pre-Christmas delivery of orders made by a certain date.@@@@1@23@@oe@2-2-2013
21654019@unknown@formal@none@1@S@"Traditionally, consumers were concerned about ordering after the first of December because they didn't believe they would get it by Christmas," says Adam Strum, chairman of the Wine Enthusiast Inc., which sells wine cellars and accessories through the mail.@@@@1@39@@oe@2-2-2013
21654020@unknown@formal@none@1@S@Using Federal Express delivery last year, Mr. Strum says, "December was our biggest month."@@@@1@14@@oe@2-2-2013
21654021@unknown@formal@none@1@S@Even Sears, Roebuck & Co. is getting into the act, offering for the first time to have Federal Express deliver toys ordered by Dec. 20 from its Wish Book catalog.@@@@1@30@@oe@2-2-2013
21654022@unknown@formal@none@1@S@K mart Corp. Chairman Joseph E. Antonini summed up his outlook for the Christmas season as "not troublesome."@@@@1@18@@oe@2-2-2013
21654023@unknown@formal@none@1@S@He's not predicting a blockbuster, but he is "more optimistic than three months ago" because employment remains strong and inflation low.@@@@1@21@@oe@2-2-2013
21654024@unknown@formal@none@1@S@Other retailers are also preparing for a ho-hum holiday.@@@@1@9@@oe@2-2-2013
21654025@unknown@formal@none@1@S@Philip M. Hawley, chairman of Carter Hawley Hale Stores Inc., expects sales at department stores open at least a year to rise a modest 3% to 5% over last year's totals, both for his company and the industry in general.@@@@1@40@@oe@2-2-2013
21654026@unknown@formal@none@1@S@"I'm not looking for a runaway Christmas at all," he says.@@@@1@11@@oe@2-2-2013
21654027@unknown@formal@none@1@S@"It isn't a real boom holiday season in our eyes," says Woolworth Corp. Chairman Harold E. Sells, "but it isn't going to be a bust either."@@@@1@26@@oe@2-2-2013
21654028@unknown@formal@none@1@S@Mr. Sells expects fourth-quarter sales at his company -- which besides Woolworth stores includes Kinney and Foot Locker shoe stores and other specialty chains -- to rise "pretty much in line" with its year-to-date increases of between 8% and 9%.@@@@1@40@@oe@2-2-2013
21654029@unknown@formal@none@1@S@The estimate includes the results of new stores.@@@@1@8@@oe@2-2-2013
21654030@unknown@formal@none@1@S@A consumer poll conducted in early September by Leo J. Shapiro & Associates, a market researcher based in Chicago, also suggests a modest holiday.@@@@1@24@@oe@2-2-2013
21654031@unknown@formal@none@1@S@Of the 450 survey respondents, 35% said they expect to spend less buying Christmas gifts this year than last year, while 28% said they expect to spend more and 37% said their gift budget would stay the same.@@@@1@38@@oe@2-2-2013
21654032@unknown@formal@none@1@S@The results are almost identical to Shapiro's September 1988 numbers.@@@@1@10@@oe@2-2-2013
21654033@unknown@formal@none@1@S@Retailers could get a boost this year from the calendar.@@@@1@10@@oe@2-2-2013
21654034@unknown@formal@none@1@S@Christmas falls on a Monday, creating a big last-minute weekend opportunity for stores.@@@@1@13@@oe@2-2-2013
21654035@unknown@formal@none@1@S@Most will stay open late Saturday night and open their doors again Sunday.@@@@1@13@@oe@2-2-2013
21654036@unknown@formal@none@1@S@But many consumers probably will use the extra time to put off some purchasing until the last minute.@@@@1@18@@oe@2-2-2013
21654037@unknown@formal@none@1@S@"What you'll hear as we get into December is that sales are sluggish," predicts Woolworth's Mr. Sells.@@@@1@17@@oe@2-2-2013
21654038@unknown@formal@none@1@S@"The week ending the 24th is going to save the entire month for everyone.@@@@1@14@@oe@2-2-2013
21655001@unknown@formal@none@1@S@The Spanish author Camilo Jose Cela won the Nobel Prize for literature yesterday, a surprising choice, but given the Swedish Academy's past perversities, hardly the most undeserved and ridiculous accolade handed out by the awarding committee.@@@@1@36@@oe@2-2-2013
21655002@unknown@formal@none@1@S@In Spain, anyway, the 73-year-old Mr. Cela enjoys some renown for the novels and travel books he wrote during the parched Franco years, the everyday poverty and stagnant atmosphere of which he described in brutally direct, vivid prose, beginning with "The Family of Pascal Duarte" (1942).@@@@1@46@@oe@2-2-2013
21655003@unknown@formal@none@1@S@Unlike other writers who either battled the fascists during the Civil War, or left Spain when Franco triumphed, Mr. Cela fought briefly on the general's side, no doubt earning with his war wound some forbearance when he went on to depict a country with a high population of vagabonds, murderers and rural idiots trudging aimlessly through a dried-out land.@@@@1@59@@oe@2-2-2013
21655004@unknown@formal@none@1@S@Still, it was in Argentine editions that his countrymen first read his story of Pascal Duarte, a field worker who stabbed his mother to death and has no regrets as he awaits his end in a prison cell: "Fate directs some men down the flower-bordered path, and others down the road bordered with thistles and prickly pears.@@@@1@57@@oe@2-2-2013
21655005@unknown@formal@none@1@S@The lucky ones gaze out at life with serene eyes and smile with a face of innocence at their perfumed happiness.@@@@1@21@@oe@2-2-2013
21655006@unknown@formal@none@1@S@The others endure the hot sun of the plains and scowl like cornered wild beasts."@@@@1@15@@oe@2-2-2013
21655007@unknown@formal@none@1@S@Mr. Cela himself was one of the lucky ones, his fortunes steadily increasing over the decades he spent putting out some 70 travelogues, novels, short story collections and poetry.@@@@1@29@@oe@2-2-2013
21655008@unknown@formal@none@1@S@These days, he is as known for his flamboyant tastes and the youthful muse who shares his life as he is for his books.@@@@1@24@@oe@2-2-2013
21655009@unknown@formal@none@1@S@The man who wore out his shoes wandering around Guadalajara in 1958, describing in his travel book "Viaje a la Alcarria" how he scrounged for food and stayed in squalid inns, now tours Spain in a Rolls-Royce.@@@@1@37@@oe@2-2-2013
21655010@unknown@formal@none@1@S@Of his 10 novels, "The Hive" (1951), full of sharp vignettes of Madrid life and centered on a cafe run by Dona Rosa, a foul-mouthed, broad-based woman with blackened little teeth encrusted in filth, used to be available in English, translated by J.M. Cohen and published by Ecco Press, which now no doubt regrets relinquishing its copyright.@@@@1@57@@oe@2-2-2013
21655011@unknown@formal@none@1@S@Here is an excerpt:@@@@1@4@@oe@2-2-2013
21655012@unknown@formal@none@1@S@The lonely woman walks on in the direction of the Plaza de Alonso Martinez.@@@@1@14@@oe@2-2-2013
21655013@unknown@formal@none@1@S@Two men have a conversation behind one of the windows of the cafe on the corner of the boulevard.@@@@1@19@@oe@2-2-2013
21655014@unknown@formal@none@1@S@Both are young, one twenty odd, the other thirty odd.@@@@1@10@@oe@2-2-2013
21655015@unknown@formal@none@1@S@The older one looks like a member of the jury for a literary award, the younger one looks like a novelist.@@@@1@21@@oe@2-2-2013
21655016@unknown@formal@none@1@S@It is evident that their conversation runs more or less on the following lines: "I've submitted the manuscript of my novel under the title `Teresa de Cepeda,' and in it I've treated a few neglected aspects of that eternal problem which . . ."@@@@1@44@@oe@2-2-2013
21655017@unknown@formal@none@1@S@"Oh, yes.@@@@1@2@@oe@2-2-2013
21655018@unknown@formal@none@1@S@Will you pour me a drop of water, if you don't mind?"@@@@1@12@@oe@2-2-2013
21655019@unknown@formal@none@1@S@"With pleasure.@@@@1@2@@oe@2-2-2013
21655020@unknown@formal@none@1@S@I've revised it several times and I think I may say with pride that there is not a single discordant word in the whole text."@@@@1@25@@oe@2-2-2013
21655021@unknown@formal@none@1@S@"How interesting."@@@@1@2@@oe@2-2-2013
21655022@unknown@formal@none@1@S@"I think so.@@@@1@3@@oe@2-2-2013
21655023@unknown@formal@none@1@S@I don't know the quality of the works my colleagues have sent in, but in any case I feel confident that good sense and honest judgment . . ."@@@@1@29@@oe@2-2-2013
21655024@unknown@formal@none@1@S@"Rest assured, we proceed with exemplary fairness."@@@@1@7@@oe@2-2-2013
21655025@unknown@formal@none@1@S@"I don't doubt it for a moment.@@@@1@7@@oe@2-2-2013
21655026@unknown@formal@none@1@S@It does not matter if one is defeated, provided the work that gets the award has unmistakable qualities.@@@@1@18@@oe@2-2-2013
21655027@unknown@formal@none@1@S@What's so discouraging is . . ."@@@@1@7@@oe@2-2-2013
21655028@unknown@formal@none@1@S@In passing the window, Senorita Elvira gives them a smile -- simply out of habit.@@@@1@15@@oe@2-2-2013
21656001@unknown@formal@none@1@S@Ashland Oil Inc. said it will take after-tax charges of $78 million, or $1.40 a share, in its fiscal fourth quarter, ended Sept. 30.@@@@1@24@@oe@2-2-2013
21656002@unknown@formal@none@1@S@Because of the charge, Ashland expects to report a loss for the fourth quarter and "significantly lower results" for fiscal 1989.@@@@1@21@@oe@2-2-2013
21656003@unknown@formal@none@1@S@The oil refiner said it will report fiscal fourth quarter and 1989 results next week.@@@@1@15@@oe@2-2-2013
21656004@unknown@formal@none@1@S@The company earned $66 million, or $1.19 a share, on revenue of $2.1 billion in the year-ago fourth quarter.@@@@1@19@@oe@2-2-2013
21656005@unknown@formal@none@1@S@For fiscal 1988, Ashland had net of $224 million, or $4.01 a share, on revenue of $7.8 billion.@@@@1@18@@oe@2-2-2013
21656006@unknown@formal@none@1@S@Both revenue figures exclude excise taxes.@@@@1@6@@oe@2-2-2013
21656007@unknown@formal@none@1@S@The charges consist of: a $25 million after-tax charge to cover cost overruns in Ashland's Riley Consolidated subsidiary; a previously announced $38 million after-tax charge resulting from a $325 million settlement with National Iranian Oil Co. and a $15 million after-tax charge from the previously announced sale of its Ashland Technology Corp. subsidiary.@@@@1@53@@oe@2-2-2013
21656008@unknown@formal@none@1@S@Ashland expects that sale to be complete next year.@@@@1@9@@oe@2-2-2013
21656009@unknown@formal@none@1@S@The charge for the Riley subsidiary is for expected costs to correct problems with certain bed boilers built for utilities.@@@@1@20@@oe@2-2-2013
21656010@unknown@formal@none@1@S@The charge will be added to $20 million in reserves established a year ago to cover the cost overruns.@@@@1@19@@oe@2-2-2013
21657001@unknown@formal@none@1@S@When President Bush arrives here next week for a hemispheric summit organized to commemorate a century of Costa Rican democracy, will he be able to deliver a credible message in the wake of the Panamanian fiasco?@@@@1@36@@oe@2-2-2013
21657002@unknown@formal@none@1@S@Undoubtedly Mr. Bush will be praised by some Latin leaders prone to pay lip service to nonintervention, while they privately encourage more assertive U.S. action to remove Gen. Manuel Noriega and safeguard their countries from a Sandinista onslaught.@@@@1@38@@oe@2-2-2013
21657003@unknown@formal@none@1@S@The Panamanian affair is only the tip of a more alarming iceberg.@@@@1@12@@oe@2-2-2013
21657004@unknown@formal@none@1@S@It originates in a Bush administration decision not to antagonize the U.S. Congress and avoid, at all costs, being accused of meddling in the region.@@@@1@25@@oe@2-2-2013
21657005@unknown@formal@none@1@S@The result has been a dangerous vacuum of U.S. leadership, which leaves Central America open to Soviet adventurism.@@@@1@18@@oe@2-2-2013
21657006@unknown@formal@none@1@S@"The {influence of the} U.S. is not being felt in Central America; Washington's decisions do not respond to a policy, and are divorced from reality," says Fernando Volio, a Costa Rican congressman and former foreign minister.@@@@1@36@@oe@2-2-2013
21657007@unknown@formal@none@1@S@The disarray of the Bush administration's Latin diplomacy was evident in the failure of the Organization of American States to condemn categorically Gen. Noriega.@@@@1@24@@oe@2-2-2013
21657008@unknown@formal@none@1@S@Faced with this embarrassment, U.S. diplomats expressed confidence that the influential Rio Group of South American nations, which gathered last week in Peru, would take a stronger posture toward the Panamanian dictator.@@@@1@32@@oe@2-2-2013
21657009@unknown@formal@none@1@S@But other than a few slaps on the wrist, Gen. Noriega went unpunished by that body, too; he was not even singled out in the closing statement.@@@@1@27@@oe@2-2-2013
21657010@unknown@formal@none@1@S@Now Mr. Bush will come to Costa Rica and encounter Nicaraguan strongman Daniel Ortega, eager for photo opportunities with the U.S. president.@@@@1@22@@oe@2-2-2013
21657011@unknown@formal@none@1@S@The host, Costa Rican President Oscar Arias, did not invite Chile, Cuba, Panama or Haiti to the summit, which was to be restricted to democracies.@@@@1@25@@oe@2-2-2013
21657012@unknown@formal@none@1@S@However, Mr. Ortega was included.@@@@1@5@@oe@2-2-2013
21657013@unknown@formal@none@1@S@Formally upgrading the Sandinistas to a democratic status was an initiative harshly criticized in the Costa Rican press.@@@@1@18@@oe@2-2-2013
21657014@unknown@formal@none@1@S@Even Carlos Manuel Castillo -- the presidential candidate for Mr. Arias's National Liberation Party -- made public his opposition to the presence of Nicaragua "in a democratic festivity."@@@@1@28@@oe@2-2-2013
21657015@unknown@formal@none@1@S@Nevertheless, the Bush administration agreed to the dubious arrangement in July, a few weeks before the Central American presidents met in Tela, Honduras, to discuss a timetable for disbanding the anti-Sandinista rebels.@@@@1@32@@oe@2-2-2013
21657016@unknown@formal@none@1@S@According to officials in Washington, the State Department hoped that by pleasing President Arias, it would gain his support to postpone any decision on the Contras until after Mr. Ortega's promises of democratic elections were tested next February.@@@@1@38@@oe@2-2-2013
21657017@unknown@formal@none@1@S@However, relying on an ardent critic of the Reagan administration and the Contra movement for help in delaying the disarming of the Contras was risky business.@@@@1@26@@oe@2-2-2013
21657018@unknown@formal@none@1@S@And even some last-minute phone calls that Mr. Bush made (at the behest of some conservative U.S. senators) to enlist backing for the U.S. position failed to stop the march of Mr. Arias's agenda.@@@@1@34@@oe@2-2-2013
21657019@unknown@formal@none@1@S@Prior to this episode, Sen. Christopher Dodd (D., Conn.), sensing an open field, undertook a personal diplomatic mission through Central America to promote an early disbanding of the rebels.@@@@1@29@@oe@2-2-2013
21657020@unknown@formal@none@1@S@Visiting Nicaragua, he praised the Sandinistas for their electoral system and chided the Bush administration for not rewarding the Sandinistas.@@@@1@20@@oe@2-2-2013
21657021@unknown@formal@none@1@S@In Honduras, where the Contras are a hot political issue, he promised to help unblock some $70 million in assistance withheld due to the failure of local agencies to comply with conditions agreed upon with Washington.@@@@1@36@@oe@2-2-2013
21657022@unknown@formal@none@1@S@Aid was also the gist of the talks Sen. Dodd had with Salvadoran President Alfredo Cristiani; Mr. Cristiani's government is very much at the mercy of U.S. largess and is forced to listen very carefully to Sen. Dodd's likes and dislikes.@@@@1@41@@oe@2-2-2013
21657023@unknown@formal@none@1@S@It was therefore not surprising that close allies of the U.S., virtually neglected by the Bush administration, ordered the Nicaraguan insurgents dismantled by December, long before the elections.@@@@1@28@@oe@2-2-2013
21657024@unknown@formal@none@1@S@Fittingly, the Tela Accords were nicknamed by Hondurans "the Dodd plan."@@@@1@11@@oe@2-2-2013
21657025@unknown@formal@none@1@S@The individual foreign policy carried out by U.S. legislators adds to a confusing U.S. performance that has emboldened Soviet initiatives in Central America.@@@@1@23@@oe@2-2-2013
21657026@unknown@formal@none@1@S@On Oct. 3, following conversations with Secretary of State James Baker, Soviet Foreign Minister Eduard Shevardnadze arrived in Managua to acclaim "Nicaragua's great peace efforts."@@@@1@25@@oe@2-2-2013
21657027@unknown@formal@none@1@S@There, Mr. Shevardnadze felt legitimized to unveil his own peace plan: The U.S.S.R. would prolong a suspension of arms shipments to Nicaragua after the February election if the U.S. did likewise with its allies in Central America.@@@@1@37@@oe@2-2-2013
21657028@unknown@formal@none@1@S@He also called on Nicaragua's neighbors to accept a "military equilibrium" guaranteed by both superpowers.@@@@1@15@@oe@2-2-2013
21657029@unknown@formal@none@1@S@The Pentagon claims that in spite of Moscow's words, East bloc weapons continue to flow into Nicaragua through Cuba at near-record levels.@@@@1@22@@oe@2-2-2013
21657030@unknown@formal@none@1@S@Since Mr. Shevardnadze's proposals followed discussions with Mr. Baker, speculations arose that the Bush administration was seeking an accommodation with the Soviets in Central America.@@@@1@25@@oe@2-2-2013
21657031@unknown@formal@none@1@S@This scheme would fit the Arias Plan, which declared a false symmetry between Soviet military aid to the Sandinista dictatorship and that provided by Washington to freely elected governments.@@@@1@29@@oe@2-2-2013
21657032@unknown@formal@none@1@S@Furthermore, it is also likely to encourage those on Capitol Hill asking for cuts in the assistance to El Salvador if President Cristiani does not bend to demands of the Marxist guerrillas.@@@@1@32@@oe@2-2-2013
21657033@unknown@formal@none@1@S@The sad condition of U.S. policy in Central America is best depicted by the recent end to U.S. sponsorship of Radio Costa Rica.@@@@1@23@@oe@2-2-2013
21657034@unknown@formal@none@1@S@In 1984, the Costa Rican government requested help to establish a radio station in the northern part of the country, flooded by airwaves of Sandinista propaganda.@@@@1@26@@oe@2-2-2013
21657035@unknown@formal@none@1@S@Recovering radiophonic sovereignty was the purpose of Radio Costa Rica, funded by the U.S. and affiliated with the Voice of America (VOA).@@@@1@22@@oe@2-2-2013
21657036@unknown@formal@none@1@S@A few months ago, the Bush administration decided to stop this cooperation, leaving Radio Costa Rica operating on a shoestring.@@@@1@20@@oe@2-2-2013
21657037@unknown@formal@none@1@S@According to news reports, the abrupt termination was due to fears that VOA transmissions could interfere with the peace process.@@@@1@20@@oe@2-2-2013
21657038@unknown@formal@none@1@S@In the meantime, Russia gave Nicaragua another powerful radio transmitter, which has been installed in the city of Esteli.@@@@1@19@@oe@2-2-2013
21657039@unknown@formal@none@1@S@It is capable of reaching the entire Caribbean area and deep into North America.@@@@1@14@@oe@2-2-2013
21657040@unknown@formal@none@1@S@Perhaps its loud signal may generate some awareness of the Soviet condominium being created in the isthmus thanks to U.S. default.@@@@1@21@@oe@2-2-2013
21657041@unknown@formal@none@1@S@The Soviet entrenchment in Nicaragua is alarming for Costa Rica, a peaceful democracy without an army.@@@@1@16@@oe@2-2-2013
21657042@unknown@formal@none@1@S@Questioned in Washington about what would happen if his much-heralded peace plan would fail, President Arias voiced expectations of direct U.S. action.@@@@1@22@@oe@2-2-2013
21657043@unknown@formal@none@1@S@A poll conducted in July by a Gallup affiliate showed that 64% of Costa Ricans believe that if their country is militarily attacked by either Nicaragua or Panama, the U.S. will come to its defense.@@@@1@35@@oe@2-2-2013
21657044@unknown@formal@none@1@S@But in the light of events in Panama, where the U.S. has such clear strategic interests, waiting for the Delta Force may prove to be a dangerous gambit.@@@@1@28@@oe@2-2-2013
21657045@unknown@formal@none@1@S@Mr. Daremblum is a lawyer and a columnist for La Nacion newspaper.@@@@1@12@@oe@2-2-2013
21658001@unknown@formal@none@1@S@Holiday Corp. said net income jumped 89%, partly on the strength of record operating income in its gaming division.@@@@1@19@@oe@2-2-2013
21658002@unknown@formal@none@1@S@Separately, the hotel and gambling giant said it was proceeding with plans to make a tender offer and solicit consents with respect to approximately $1.4 billion of its publicly traded debt.@@@@1@31@@oe@2-2-2013
21658003@unknown@formal@none@1@S@That debt is part of the $2.1 billion of Holiday debt that Bass PLC of Britain said it would retire or assume when it agreed to buy the Holiday Inn business in August.@@@@1@33@@oe@2-2-2013
21658004@unknown@formal@none@1@S@Holiday said third-quarter earnings rose to $39.8 million, or $1.53 a share, from $21 million, or 84 cents a share, a year earlier.@@@@1@23@@oe@2-2-2013
21658005@unknown@formal@none@1@S@Results for the quarter included $19.2 million in pretax gains from property transactions, including the sale of one Embassy Suites hotel, and $3.5 million of nonrecurring costs associated with the acquisition of the Holiday Inn business by Bass.@@@@1@38@@oe@2-2-2013
21658006@unknown@formal@none@1@S@Holiday said operating income related to gaming increased 4.5% to a record $61.4 million from $58.8 million a year earlier.@@@@1@20@@oe@2-2-2013
21658007@unknown@formal@none@1@S@The jump reflected record results in Las Vegas, Nev., and Atlantic City, N.J., as well as a full quarter's results from Harrah's Del Rio in Laughlin, Nev.@@@@1@27@@oe@2-2-2013
21658008@unknown@formal@none@1@S@Third-quarter revenue rose 2.7% to $433.5 million from $422.1 million.@@@@1@10@@oe@2-2-2013
21658009@unknown@formal@none@1@S@For the nine months, earnings fell 2.9% to $99.1 million, or $3.86 a share, from $102.1 million, or $4.10 a share, a year earlier.@@@@1@24@@oe@2-2-2013
21658010@unknown@formal@none@1@S@Revenue dropped 1.6% to $1.21 billion from $1.23 billion.@@@@1@9@@oe@2-2-2013
21658011@unknown@formal@none@1@S@The tender offer and consent solicitation will be made to debtholders in December.@@@@1@13@@oe@2-2-2013
21658012@unknown@formal@none@1@S@In effect, Holiday is asking holders for permission for Bass to buy their debt.@@@@1@14@@oe@2-2-2013
21658013@unknown@formal@none@1@S@Holiday said Salomon Brothers Inc. has been retained to act as the dealer-manager and financial adviser in connection with the offer and solicitation.@@@@1@23@@oe@2-2-2013
21658014@unknown@formal@none@1@S@The debt issues involved and the proposed consent fees and cash tender offer prices (expressed per $1,000 of principal amount) are as follows: 10 1/2% senior notes due 1994 at 101%; 11% subordinated debt due 1999 at 102%; 9 3/8% notes due 1993 at 100%; and 8 3/8% notes due 1996 at 95.25%.@@@@1@53@@oe@2-2-2013
21658015@unknown@formal@none@1@S@Holiday said its 15% notes due 1992 also will be included in the tender offer and consent solicitation at a price to be determined by Holiday prior to the commencement of the offer.@@@@1@33@@oe@2-2-2013
21659001@unknown@formal@none@1@S@The television units of Paramount Communications Inc. and MCA Inc. are exploring the possibility of offering prime-time programming to independent stations two nights a week, industry executives say.@@@@1@28@@oe@2-2-2013
21659002@unknown@formal@none@1@S@Although such a venture wouldn't match the "fourth network" created by News Corp.'s Fox Broadcasting Co., MCA and Paramount may have similar ambitions.@@@@1@23@@oe@2-2-2013
21659003@unknown@formal@none@1@S@Fox, which also owns six TV stations, provides programs three nights a week to those and other affiliates.@@@@1@18@@oe@2-2-2013
21659004@unknown@formal@none@1@S@Paramount Domestic TV and MCA TV formed a joint venture last month, named Premier Advertiser Sales, to sell advertising in programs syndicated by both companies, such as "Star Trek: the Next Generation," "Charles in Charge" and "Friday the 13th: the Series."@@@@1@41@@oe@2-2-2013
21659005@unknown@formal@none@1@S@A spokeswoman for Paramount said the company doesn't comment on speculation.@@@@1@11@@oe@2-2-2013
21659006@unknown@formal@none@1@S@Calls to Shelly Schwab, president of MCA TV, weren't returned.@@@@1@10@@oe@2-2-2013
21659007@unknown@formal@none@1@S@The two companies, like Fox, already have their own TV stations.@@@@1@11@@oe@2-2-2013
21659008@unknown@formal@none@1@S@MCA owns WWOR in New York and Paramount last month agreed to purchase a 79% stake in the TVX Broadcast Group from Salomon Inc. in a deal valued at $140 million.@@@@1@31@@oe@2-2-2013
21659009@unknown@formal@none@1@S@TVX owns five stations, including WTXF, a Fox affiliate, in Philadelphia.@@@@1@11@@oe@2-2-2013
21659010@unknown@formal@none@1@S@One broadcasting executive familiar with the project said the co-venture would target stations affiliated with Fox because Fox has the desirable independent stations in most of the key cities.@@@@1@29@@oe@2-2-2013
21659011@unknown@formal@none@1@S@Currently, Fox supplies programs on Saturdays, Sundays and Mondays, although the company plans to expand to other weeknights.@@@@1@18@@oe@2-2-2013
21659012@unknown@formal@none@1@S@Jamie Kellner, president of Fox Broadcasting, said, "We believe the partnership of Fox, its affiliates and advertisers is succeeding and will continue to grow."@@@@1@24@@oe@2-2-2013
21659013@unknown@formal@none@1@S@Another Fox official, who declined to be identified, said Fox wasn't pleased by the possible Paramount-MCA venture into prime-time programming.@@@@1@20@@oe@2-2-2013
21659014@unknown@formal@none@1@S@"To make the venture work, they would need Fox affiliates," he said.@@@@1@12@@oe@2-2-2013
21659015@unknown@formal@none@1@S@"We spent a lot of time and money in building our group of stations," he said, adding that Fox doesn't "appreciate" another company attempting to usurp its station lineup.@@@@1@29@@oe@2-2-2013
21659016@unknown@formal@none@1@S@Fox said it plans to offer its stations movies, theatrical and made-for-TV ventures, probably on Wednesdays, sometime next year.@@@@1@19@@oe@2-2-2013
21659017@unknown@formal@none@1@S@It is also planning another night of original series.@@@@1@9@@oe@2-2-2013
21659018@unknown@formal@none@1@S@Paramount and MCA, according to the broadcasting executive, plan to offer theatrical movies produced separately by Paramount and MCA for Wednesdays and perhaps a block of original shows Fridays.@@@@1@29@@oe@2-2-2013
21659019@unknown@formal@none@1@S@The executive said Paramount and MCA have also held discussions with Chris-Craft Industries' broadcasting unit, which owns five independent stations in cities such as Los Angeles, San Francisco and Portland, Ore.@@@@1@31@@oe@2-2-2013
21659020@unknown@formal@none@1@S@A Chris-Craft station manager said there have been no formal talks.@@@@1@11@@oe@2-2-2013
21659021@unknown@formal@none@1@S@"I think it's to Fox's advantage to be associated with the Paramount-MCA venture," said Michael Conway, station manager of WTXF, the TVX station that is a Fox affiliate.@@@@1@28@@oe@2-2-2013
21659022@unknown@formal@none@1@S@Mr. Conway said the Fox shows appearing on nights when Paramount-MCA shows wouldn't be offered could be promoted on the programs produced by Paramount-MCA.@@@@1@24@@oe@2-2-2013
21659023@unknown@formal@none@1@S@Michael Fisher, general manager of KTXL, a Fox affiliate in Sacramento, Calif., said, "The real question is whether the Paramount-MCA offering is practical.@@@@1@23@@oe@2-2-2013
21659024@unknown@formal@none@1@S@It isn't. . . .@@@@1@5@@oe@2-2-2013
21659025@unknown@formal@none@1@S@Why would I consider giving up Fox, a proven commodity," for an unknown venture?@@@@1@14@@oe@2-2-2013
21659026@unknown@formal@none@1@S@Fox attracts a young audience with shows such as "Married . . . With Children," its most successful series.@@@@1@19@@oe@2-2-2013
21660001@unknown@formal@none@1@S@Banco Popular de Puerto Rico and BanPonce Corp. -- agreed to merge in a transaction valued at $324 million.@@@@1@19@@oe@2-2-2013
21660002@unknown@formal@none@1@S@Under the agreement, BanPonce stockholders will be able to exchange each of their shares for either shares in the new entity or cash.@@@@1@23@@oe@2-2-2013
21660003@unknown@formal@none@1@S@In each case, the exchange is valued at $56.25 a share.@@@@1@11@@oe@2-2-2013
21660004@unknown@formal@none@1@S@The two companies, both based in San Juan, will form a bank holding company with assets of just over $9 billion.@@@@1@21@@oe@2-2-2013
21660005@unknown@formal@none@1@S@The holding company will be called BanPonce Corp.@@@@1@8@@oe@2-2-2013
21660006@unknown@formal@none@1@S@The primary subsidiary will be the combined banking operations of the two companies and will be known as Banco Popular de Puerto Rico.@@@@1@23@@oe@2-2-2013
21660007@unknown@formal@none@1@S@Rafael Carrion Jr., chairman of Banco Popular, will be the chairman of the holding company.@@@@1@15@@oe@2-2-2013
21660008@unknown@formal@none@1@S@Alberto M. Paracchini, currently chairman of BanPonce, will serve as president of the bank holding company and chairman of the subsidiary.@@@@1@21@@oe@2-2-2013
21660009@unknown@formal@none@1@S@Banco Popular originally proposed the merger in July, in a cash and stock transaction valued at $50 a share, or about $293 million.@@@@1@23@@oe@2-2-2013
21660010@unknown@formal@none@1@S@BanPonce reacted cooly at first, but appeared to be won over, analysts said, by Banco Popular's assurances that it wanted only a friendly transaction.@@@@1@24@@oe@2-2-2013
21660011@unknown@formal@none@1@S@"Banco Popular just kept waiting," said Edward Thompson, a vice president and analyst at Thomson BankWatch Inc. in New York.@@@@1@20@@oe@2-2-2013
21660012@unknown@formal@none@1@S@"They got a transaction that's good for both companies."@@@@1@9@@oe@2-2-2013
21660013@unknown@formal@none@1@S@The two banks appear to be a good fit.@@@@1@9@@oe@2-2-2013
21660014@unknown@formal@none@1@S@BanPonce caters to a more affluent customer, while Banco Popular has always had a large presence among middle-income and lower-income markets.@@@@1@21@@oe@2-2-2013
21660015@unknown@formal@none@1@S@The merger should also allow the companies to reduce costs by combining operations in many locations in Puerto Rico.@@@@1@19@@oe@2-2-2013
21660016@unknown@formal@none@1@S@"They're often right across the street from one another," Mr. Thompson said.@@@@1@12@@oe@2-2-2013
21660017@unknown@formal@none@1@S@Richard Carrion, who is currently president and chief executive officer of Banco Popular, said the merger will result in a "larger and stronger locally based bank."@@@@1@26@@oe@2-2-2013
21660018@unknown@formal@none@1@S@Mr. Carrion, who will now serve as president and chief executive officer of the subsidiary bank, added: "We'll be able to better compete with large foreign banks.@@@@1@27@@oe@2-2-2013
21660019@unknown@formal@none@1@S@It makes sense from a strategic standpoint."@@@@1@7@@oe@2-2-2013
21660020@unknown@formal@none@1@S@The newly merged company will have 165 branches in Puerto Rico and 27 branches outside of the island.@@@@1@18@@oe@2-2-2013
21660021@unknown@formal@none@1@S@The banks said they don't expect the merger to face any regulatory hurdles.@@@@1@13@@oe@2-2-2013
21660022@unknown@formal@none@1@S@Mr. Carrion said the merger should be completed in six to nine months.@@@@1@13@@oe@2-2-2013
21661001@unknown@formal@none@1@S@Hit by higher costs and lower sales, Caterpillar Inc. said third-quarter earnings tumbled 43% and full-year earnings will trail last year's results.@@@@1@22@@oe@2-2-2013
21661002@unknown@formal@none@1@S@The construction equipment maker said third-quarter profit fell to $108 million, or $1.07 a share, from $190 million, or $1.87 a share, a year earlier.@@@@1@25@@oe@2-2-2013
21661003@unknown@formal@none@1@S@Sales dropped 6% to $2.58 billion from $2.74 billion, reflecting eight fewer business days in the latest quarter.@@@@1@18@@oe@2-2-2013
21661004@unknown@formal@none@1@S@The company, which is in a costly modernization program, said earnings were hurt by higher start-up and new program costs, increased costs of materials, higher wages and an $11 million provision for bad debts in Latin America.@@@@1@37@@oe@2-2-2013
21661005@unknown@formal@none@1@S@In announcing a 1989 capital spending plan of $950 million early this year, Caterpillar said full-year earnings would be flat compared with last year's $616 million, or $6.07 a share.@@@@1@30@@oe@2-2-2013
21661006@unknown@formal@none@1@S@But yesterday, the company said this year's profit will be lower.@@@@1@11@@oe@2-2-2013
21661007@unknown@formal@none@1@S@It didn't say by how much.@@@@1@6@@oe@2-2-2013
21661008@unknown@formal@none@1@S@Suffering from a downturn in heavy truck production that cut orders for its engines, Caterpillar also said it will indefinitely lay off about 325 workers in the Peoria area and temporarily shut its plant in York, Pa., for two weeks in both November and December.@@@@1@45@@oe@2-2-2013
21661009@unknown@formal@none@1@S@For the first nine months of the year, Caterpillar said earnings fell 14% to $390 million, or $3.85 a share, from $453 million, or $4.46 a share, a year earlier.@@@@1@30@@oe@2-2-2013
21661010@unknown@formal@none@1@S@Sales rose to $8.19 billion from $7.65 billion.@@@@1@8@@oe@2-2-2013
21662001@unknown@formal@none@1@S@Millicom Inc. said it is one of two companies to receive a license to introduce and operate a cellular mobile telephone system in Pakistan.@@@@1@24@@oe@2-2-2013
21662002@unknown@formal@none@1@S@The market during the start-up is estimated at 25,000 subscribers.@@@@1@10@@oe@2-2-2013
21662003@unknown@formal@none@1@S@A spokeswoman for Millicom, a telecommunications company, said she didn't know the value of the contract.@@@@1@16@@oe@2-2-2013
21662004@unknown@formal@none@1@S@Cable & Wireless PLC of Britain won the other license.@@@@1@10@@oe@2-2-2013
21662005@unknown@formal@none@1@S@Millicom said it would build and operate the system in Pakistan with Comvik International AB, part of the Kinnevik group of Sweden, and Arfeen International, Pakistan.@@@@1@26@@oe@2-2-2013
21663001@unknown@formal@none@1@S@B.A.T Industries PLC won overwhelming shareholder approval for a defensive restructuring to fend off a #13.35 billion ($21.23 billion) takeover bid from Sir James Goldsmith.@@@@1@25@@oe@2-2-2013
21663002@unknown@formal@none@1@S@At a shareholders' meeting in London, the tobacco, financial-services and retailing giant said it received 99.9% approval from voting holders for plans to spin off about $6 billion in assets.@@@@1@30@@oe@2-2-2013
21663003@unknown@formal@none@1@S@B.A.T aims to sell such U.S. retailing units as Marshall Field and Saks Fifth Avenue and float its big paper and British retailing businesses via share issues to existing holders.@@@@1@30@@oe@2-2-2013
21663004@unknown@formal@none@1@S@Proceeds will help pay for a planned buy-back of 10%, or about 153 million, of its shares and a 50% dividend increase.@@@@1@22@@oe@2-2-2013
21663005@unknown@formal@none@1@S@B.A.T yesterday started its share buy-back.@@@@1@6@@oe@2-2-2013
21663006@unknown@formal@none@1@S@The company said it acquired 2.5 million shares for 785 pence ($12.48) each, or a total of #19.6 million ($31.2 million), from its broker, Barclays de Zoete Wedd.@@@@1@28@@oe@2-2-2013
21663007@unknown@formal@none@1@S@The share buy-back plan is likely to underpin B.A.T's share price.@@@@1@11@@oe@2-2-2013
21663008@unknown@formal@none@1@S@B.A.T said it may make more equity purchases until the close of business today, depending on market conditions, but will cease further purchases until Nov. 22, when it releases third-quarter results.@@@@1@31@@oe@2-2-2013
21663009@unknown@formal@none@1@S@B.A.T shares rose 29 pence to 783 pence on London's stock exchange yesterday.@@@@1@13@@oe@2-2-2013
21663010@unknown@formal@none@1@S@Shareholder approval sets the stage for a lengthy process of restructuring that might not be completed until next year's second half.@@@@1@21@@oe@2-2-2013
21663011@unknown@formal@none@1@S@Before the recent tumult in global financial markets, B.A.T officials, holders and analysts had expected a substantial part of the restructuring to be complete by the end of the first half.@@@@1@31@@oe@2-2-2013
21663012@unknown@formal@none@1@S@"We are not in any hurry to sell" Saks, Marshall Field or B.A.T's other U.S. retail properties, said Chairman Patrick Sheehy.@@@@1@21@@oe@2-2-2013
21663013@unknown@formal@none@1@S@"This isn't a distress sale.@@@@1@5@@oe@2-2-2013
21663014@unknown@formal@none@1@S@We are determined to get good prices."@@@@1@7@@oe@2-2-2013
21663015@unknown@formal@none@1@S@Company officials say the flotations of the paper and British retailing businesses are likely only after the disposals of the U.S. retailing assets.@@@@1@23@@oe@2-2-2013
21663016@unknown@formal@none@1@S@Meanwhile, Sir James still is pursuing efforts to gain U.S. insurance regulators' approval for a change in control of B.A.T's Farmers Group Inc. unit.@@@@1@24@@oe@2-2-2013
21663017@unknown@formal@none@1@S@The Anglo-French financier has indicated he intends to bid again for B.A.T if he receives approval.@@@@1@16@@oe@2-2-2013
21664001@unknown@formal@none@1@S@Hasbro Inc., the nation's largest toy maker, reported third-quarter earnings increased 73% from a year earlier on a 9.4% sales gain, reflecting improved margins.@@@@1@24@@oe@2-2-2013
21664002@unknown@formal@none@1@S@Hasbro said it had net income of $31.3 million, or 53 cents a share, up from $18.1 million, or 31 cents a share, a year earlier, when it took a pretax charge of $10 million after dropping development of an interactive video entertainment system.@@@@1@44@@oe@2-2-2013
21664003@unknown@formal@none@1@S@Revenue rose to $403 million from $368.4 million.@@@@1@8@@oe@2-2-2013
21664004@unknown@formal@none@1@S@The company cited sales gains at its Milton Bradley and Playskool units and in its international business for the increase in revenue.@@@@1@22@@oe@2-2-2013
21664005@unknown@formal@none@1@S@Alan G. Hassenfeld, chairman and chief executive, added that Hasbro's new line of battery-powered racing cars, called Record Breakers, and its acquisition of Cabbage Patch Kids, Scrabble and other lines from Coleco Industries Inc. puts the company "in a good position as we enter the Christmas buying season."@@@@1@48@@oe@2-2-2013
21664006@unknown@formal@none@1@S@For the first nine months of the year, Hasbro's net income rose 33% to $68.2 million, or $1.15 a share, from $51.3 million, or 88 cents a share, on a 3.1% increase in revenue to $992.7 million from $963 million a year earlier.@@@@1@43@@oe@2-2-2013
21665001@unknown@formal@none@1@S@Reebok International Ltd. posted a 35% increase in third-quarter net income despite a slight decline in sales.@@@@1@17@@oe@2-2-2013
21665002@unknown@formal@none@1@S@The athletic footwear maker said net rose to $49.9 million, or 44 cents a share, from $37.1 million, or 32 cents a share, a year earlier.@@@@1@26@@oe@2-2-2013
21665003@unknown@formal@none@1@S@Sales declined 3% to $524.5 million from $539.4 million.@@@@1@9@@oe@2-2-2013
21665004@unknown@formal@none@1@S@Paul Fireman, Reebok chairman and chief executive officer, said, "Our gains in earnings provide further evidence that the controls we have put in place and our sales mix are continuing to improve the company's overall profit performance."@@@@1@37@@oe@2-2-2013
21665005@unknown@formal@none@1@S@The company said it expects sales to improve due to a number of new products, including a "pump" basketball shoe that can be inflated to better fit the foot.@@@@1@29@@oe@2-2-2013
21665006@unknown@formal@none@1@S@In the first nine months, net was $140 million, or $1.23 a share, on sales of $1.44 billion.@@@@1@18@@oe@2-2-2013
21665007@unknown@formal@none@1@S@Separately, Reebok completed the acquisition of CML Group Inc.'s Boston Whaler unit, a builder of power boats.@@@@1@17@@oe@2-2-2013
21665008@unknown@formal@none@1@S@CML, Acton, Mass., had agreed to sell the unit to Reebok for about $42 million.@@@@1@15@@oe@2-2-2013
21665009@unknown@formal@none@1@S@The agreement also called for Reebok to receive warrants to purchase 400,000 shares of CML common at $31.25 a share, exercisable at any time before July 1,@@@@1@27@@oe@2-2-2013
21665010@unknown@formal@none@1@S@An outside spokesman for CML said the terms were changed to a minor extent but wouldn't disclose what those changes were.@@@@1@21@@oe@2-2-2013
21666001@unknown@formal@none@1@S@Pitney Bowes Inc. directors authorized the company to seek buyers for its Wheeler Group Inc. subsidiary, a direct mail marketer of office supplies.@@@@1@23@@oe@2-2-2013
21666002@unknown@formal@none@1@S@Pitney Bowes said the decision was based on a long-term analysis of the compatibility of Wheeler Group's marketing business with other Pitney Bowes operations.@@@@1@24@@oe@2-2-2013
21666003@unknown@formal@none@1@S@Pitney Bowes acquired the core of what evolved into Wheeler Group in 1979 by buying Dictaphone Corp.@@@@1@17@@oe@2-2-2013
21666004@unknown@formal@none@1@S@A spokeswoman wouldn't comment on whether the company had talked with any potential buyers for the New Hartford, Conn., unit, which had 1988 sales of about $75 million.@@@@1@28@@oe@2-2-2013
21666005@unknown@formal@none@1@S@She said Wheeler Group was profitable but wouldn't give figures.@@@@1@10@@oe@2-2-2013
21666006@unknown@formal@none@1@S@The spokeswoman said the company doesn't have a timetable for the sale, adding that the board's decision just starts the search for a buyer.@@@@1@24@@oe@2-2-2013
21666007@unknown@formal@none@1@S@Separately, Pitney Bowes said third-quarter net income gained 15% to $62 million, or 78 cents a share, from $54 million, or 68 cents a share, a year ago.@@@@1@28@@oe@2-2-2013
21666008@unknown@formal@none@1@S@Revenue grew 13% to $734.8 million from $650.9 million.@@@@1@9@@oe@2-2-2013
21666009@unknown@formal@none@1@S@The company said the growth was led by its major operations, particularly mailing, shipping, dictating and facsimile businesses.@@@@1@18@@oe@2-2-2013
21667001@unknown@formal@none@1@S@Steel jackets of a type that may have prevented collapse of the columns of a 1.5-mile stretch of the Nimitz Freeway had been installed on at least a small test section of the double-decker highway last year by California's Department of Transportation, employees familiar with the project say.@@@@1@48@@oe@2-2-2013
21667002@unknown@formal@none@1@S@The test project -- which reportedly survived Tuesday's earthquake -- was a prelude to a state plan to retrofit that critical section of the freeway with the steel casings.@@@@1@29@@oe@2-2-2013
21667003@unknown@formal@none@1@S@State engineers have made a preliminary finding that it was failure of the concrete columns, wrenched and separated from the double-decker roadbed, that was responsible for the collapse.@@@@1@28@@oe@2-2-2013
21667004@unknown@formal@none@1@S@The failure in Oakland of the freeway segment known as the Cypress structure was the deadliest aspect of the quake, although officials were hopeful yesterday that the death toll there might be significantly lower than the 250 initially feared.@@@@1@39@@oe@2-2-2013
21667005@unknown@formal@none@1@S@Sorting out the wreckage is expected to take several days.@@@@1@10@@oe@2-2-2013
21667006@unknown@formal@none@1@S@Red tractors gingerly picked at the rubble while jackhammers tried to break up some of the massive slabs of concrete.@@@@1@20@@oe@2-2-2013
21667007@unknown@formal@none@1@S@Giant yellow cranes were wheeled up alongside the collapsed segment, preparing to lift off chunks of the debris.@@@@1@18@@oe@2-2-2013
21667008@unknown@formal@none@1@S@In Sacramento, a transportation department spokesman said he couldn't immediately confirm or deny existence of the test work.@@@@1@18@@oe@2-2-2013
21667009@unknown@formal@none@1@S@However, he asserted that the department hadn't mastered the technology needed to retrofit the entire Cypress structure.@@@@1@17@@oe@2-2-2013
21667010@unknown@formal@none@1@S@Moreover, other officials noted, snafus in transportation funding that the state has experienced over the years may have restricted the availability of funds for such a retrofitting, even if it were technologically feasible.@@@@1@33@@oe@2-2-2013
21667011@unknown@formal@none@1@S@Knowledgeable employees said the retrofitting, which hadn't yet been budgeted, was part of a planned, three-stage reinforcement of the Cypress structure begun by the California transportation department several years ago.@@@@1@30@@oe@2-2-2013
21667012@unknown@formal@none@1@S@The Cypress reinforcement project itself was part of an annual effort to shore up structures believed vulnerable to earthquakes.@@@@1@19@@oe@2-2-2013
21667013@unknown@formal@none@1@S@The state began such work after a 1971 tremblor in Southern California, when numerous bridges collapsed.@@@@1@16@@oe@2-2-2013
21667014@unknown@formal@none@1@S@"We had just finished phase two" of the Cypress project that involved installing a series of retaining cables designed to prevent sections of the roadway from separating as a result of seismic shock, a state DOT engineer said.@@@@1@38@@oe@2-2-2013
21667015@unknown@formal@none@1@S@After completing installation of the jackets on "one frame" of the freeway last year, the state DOT had sent the project over to its Sacramento engineers to draw up a final design.@@@@1@32@@oe@2-2-2013
21667016@unknown@formal@none@1@S@Knowledgeable employees said the project had been stymied somewhat by "the difficulty of designing" the jackets.@@@@1@16@@oe@2-2-2013
21667017@unknown@formal@none@1@S@The procedure involves encasing the concrete columns with steel, then connecting them more securely to the double-decker roadbed.@@@@1@18@@oe@2-2-2013
21667018@unknown@formal@none@1@S@The employees also said the project may have been snagged by budgetary concerns.@@@@1@13@@oe@2-2-2013
21667019@unknown@formal@none@1@S@One preliminary estimate put the retrofitting cost at as much as $50 million.@@@@1@13@@oe@2-2-2013
21667020@unknown@formal@none@1@S@The collapse of the span has provoked surprise and anger among state officials.@@@@1@13@@oe@2-2-2013
21667021@unknown@formal@none@1@S@Gov. George Deukmejian, who said he had been assured by state transportation officials that the structure could withstand an even larger quake, called for an immediate investigation.@@@@1@27@@oe@2-2-2013
21667022@unknown@formal@none@1@S@"I want to know who made the decision that it was safe for 186,000 people to use every day," said Richard Katz, a state legislator who is chairman of the California Assembly's transportation committee.@@@@1@34@@oe@2-2-2013
21667023@unknown@formal@none@1@S@He said he would convene hearings within two weeks.@@@@1@9@@oe@2-2-2013
21667024@unknown@formal@none@1@S@The Cypress structure opened in June 1957, and as such, like many buildings in the San Francisco Bay area, does not meet current building codes requiring considerably more steel support.@@@@1@30@@oe@2-2-2013
21667025@unknown@formal@none@1@S@The northern piers of the span lie in estuarian deposits that were of a type to have liquefied easily during the 1906 quake.@@@@1@23@@oe@2-2-2013
21667026@unknown@formal@none@1@S@Transportation department officials, however, said they were as surprised as anyone by the Cypress destruction.@@@@1@15@@oe@2-2-2013
21667027@unknown@formal@none@1@S@They said previous earthquakes suggested that multiple-column viaducts would stand up well, although they were working on ways to bolster them.@@@@1@21@@oe@2-2-2013
21667028@unknown@formal@none@1@S@"Unfortunately, there is only one laboratory for developing techniques to withstand earthquakes, and that is an earthquake," said Burch Bachtold, San Francisco district director for the transportation department.@@@@1@28@@oe@2-2-2013
21667029@unknown@formal@none@1@S@He said: "We know of no technology that exists anywhere in the world that would allow us to" reinforce the columns.@@@@1@21@@oe@2-2-2013
21668001@unknown@formal@none@1@S@Financial Corp. of Santa Barbara said it rescheduled to Nov. 29 a special shareholder meeting to vote on a $75 million stock-for-debt exchange.@@@@1@23@@oe@2-2-2013
21668002@unknown@formal@none@1@S@The meeting had been scheduled for Nov. 10 but the company delayed the meeting to allow time for the Securities and Exchange Commission to review the proposal.@@@@1@27@@oe@2-2-2013
21668003@unknown@formal@none@1@S@As part of a restructuring announced earlier this year, the company proposed in August to exchange 168 newly issued common shares for each $1,000 face value of debt.@@@@1@28@@oe@2-2-2013
21668004@unknown@formal@none@1@S@However, that figure could be revised, Financial Corp. said.@@@@1@9@@oe@2-2-2013