20001001@unknown@formal@none@1@S@Pierre Vinken, 61 years old, will join the board as a nonexecutive director Nov. 29.@@@@1@15@@oe@2-2-2013
20001002@unknown@formal@none@1@S@Mr. Vinken is chairman of Elsevier N.V., the Dutch publishing group.@@@@1@11@@oe@2-2-2013
20002001@unknown@formal@none@1@S@Rudolph Agnew, 55 years old and former chairman of Consolidated Gold Fields PLC, was named a nonexecutive director of this British industrial conglomerate.@@@@1@23@@oe@2-2-2013
20003001@unknown@formal@none@1@S@A form of asbestos once used to make Kent cigarette filters has caused a high percentage of cancer deaths among a group of workers exposed to it more than 30 years ago, researchers reported.@@@@1@34@@oe@2-2-2013
20003002@unknown@formal@none@1@S@The asbestos fiber, crocidolite, is unusually resilient once it enters the lungs, with even brief exposures to it causing symptoms that show up decades later, researchers said.@@@@1@27@@oe@2-2-2013
20003003@unknown@formal@none@1@S@Lorillard Inc., the unit of New York-based Loews Corp. that makes Kent cigarettes, stopped using crocidolite in its Micronite cigarette filters in 1956.@@@@1@23@@oe@2-2-2013
20003004@unknown@formal@none@1@S@Although preliminary findings were reported more than a year ago, the latest results appear in today's New England Journal of Medicine, a forum likely to bring new attention to the problem.@@@@1@31@@oe@2-2-2013
20003005@unknown@formal@none@1@S@A Lorillard spokewoman said, "This is an old story.@@@@1@9@@oe@2-2-2013
20003006@unknown@formal@none@1@S@We're talking about years ago before anyone heard of asbestos having any questionable properties.@@@@1@14@@oe@2-2-2013
20003007@unknown@formal@none@1@S@There is no asbestos in our products now."@@@@1@8@@oe@2-2-2013
20003008@unknown@formal@none@1@S@Neither Lorillard nor the researchers who studied the workers were aware of any research on smokers of the Kent cigarettes.@@@@1@20@@oe@2-2-2013
20003009@unknown@formal@none@1@S@"We have no useful information on whether users are at risk," said James A. Talcott of Boston's Dana-Farber Cancer Institute.@@@@1@20@@oe@2-2-2013
20003010@unknown@formal@none@1@S@Dr. Talcott led a team of researchers from the National Cancer Institute and the medical schools of Harvard University and Boston University.@@@@1@22@@oe@2-2-2013
20003011@unknown@formal@none@1@S@The Lorillard spokeswoman said asbestos was used in "very modest amounts" in making paper for the filters in the early 1950s and replaced with a different type of filter in 1956.@@@@1@31@@oe@2-2-2013
20003012@unknown@formal@none@1@S@From 1953 to 1955, 9.8 billion Kent cigarettes with the filters were sold, the company said.@@@@1@16@@oe@2-2-2013
20003013@unknown@formal@none@1@S@Among 33 men who worked closely with the substance, 28 have died -- more than three times the expected number.@@@@1@20@@oe@2-2-2013
20003014@unknown@formal@none@1@S@Four of the five surviving workers have asbestos-related diseases, including three with recently diagnosed cancer.@@@@1@15@@oe@2-2-2013
20003015@unknown@formal@none@1@S@The total of 18 deaths from malignant mesothelioma, lung cancer and asbestosis was far higher than expected, the researchers said.@@@@1@20@@oe@2-2-2013
20003016@unknown@formal@none@1@S@"The morbidity rate is a striking finding among those of us who study asbestos-related diseases," said Dr. Talcott.@@@@1@18@@oe@2-2-2013
20003017@unknown@formal@none@1@S@The percentage of lung cancer deaths among the workers at the West Groton, Mass., paper factory appears to be the highest for any asbestos workers studied in Western industrialized countries, he said.@@@@1@32@@oe@2-2-2013
20003018@unknown@formal@none@1@S@The plant, which is owned by Hollingsworth & Vose Co., was under contract with Lorillard to make the cigarette filters.@@@@1@20@@oe@2-2-2013
20003019@unknown@formal@none@1@S@The finding probably will support those who argue that the U.S. should regulate the class of asbestos including crocidolite more stringently than the common kind of asbestos, chrysotile, found in most schools and other buildings, Dr. Talcott said.@@@@1@38@@oe@2-2-2013
20003020@unknown@formal@none@1@S@The U.S. is one of the few industrialized nations that doesn't have a higher standard of regulation for the smooth, needle-like fibers such as crocidolite that are classified as amphobiles, according to Brooke T. Mossman, a professor of pathlogy at the University of Vermont College of Medicine.@@@@1@47@@oe@2-2-2013
20003021@unknown@formal@none@1@S@More common chrysotile fibers are curly and are more easily rejected by the body, Dr. Mossman explained.@@@@1@17@@oe@2-2-2013
20003022@unknown@formal@none@1@S@In July, the Environmental Protection Agency imposed a gradual ban on virtually all uses of asbestos.@@@@1@16@@oe@2-2-2013
20003023@unknown@formal@none@1@S@By 1997, almost all remaining uses of cancer-causing asbestos will be outlawed.@@@@1@12@@oe@2-2-2013
20003024@unknown@formal@none@1@S@About 160 workers at a factory that made paper for the Kent filters were exposed to asbestos in the 1950s.@@@@1@20@@oe@2-2-2013
20003025@unknown@formal@none@1@S@Areas of the factory were particularly dusty where the crocidolite was used.@@@@1@12@@oe@2-2-2013
20003026@unknown@formal@none@1@S@Workers dumped large burlap sacks of the imported material into a huge bin, poured in cotton and acetate fibers and mechanically mixed the dry fibers in a process used to make filters.@@@@1@32@@oe@2-2-2013
20003027@unknown@formal@none@1@S@Workers described "clouds of blue dust" that hung over parts of the factory, even though exhaust fans ventilated the area.@@@@1@20@@oe@2-2-2013
20003028@unknown@formal@none@1@S@"There's no question that some of those workers and managers contracted asbestos-related diseases," said Darrell Phillips, vice president of human resources for Hollingsworth & Vose.@@@@1@25@@oe@2-2-2013
20003029@unknown@formal@none@1@S@"But you have to recognize that these events took place 35 years ago.@@@@1@13@@oe@2-2-2013
20003030@unknown@formal@none@1@S@It has no bearing on our work force today.@@@@1@9@@oe@2-2-2013
20004001@unknown@formal@none@1@S@Yields on money-market mutual funds continued to slide, amid signs that portfolio managers expect further declines in interest rates.@@@@1@19@@oe@2-2-2013
20004002@unknown@formal@none@1@S@The average seven-day compound yield of the 400 taxable funds tracked by IBC's Money Fund Report eased a fraction of a percentage point to 8.45% from 8.47% for the week ended Tuesday.@@@@1@32@@oe@2-2-2013
20004003@unknown@formal@none@1@S@Compound yields assume reinvestment of dividends and that the current yield continues for a year.@@@@1@15@@oe@2-2-2013
20004004@unknown@formal@none@1@S@Average maturity of the funds' investments lengthened by a day to 41 days, the longest since early August, according to Donoghue's.@@@@1@21@@oe@2-2-2013
20004005@unknown@formal@none@1@S@Longer maturities are thought to indicate declining interest rates because they permit portfolio managers to retain relatively higher rates for a longer period.@@@@1@23@@oe@2-2-2013
20004006@unknown@formal@none@1@S@Shorter maturities are considered a sign of rising rates because portfolio managers can capture higher rates sooner.@@@@1@17@@oe@2-2-2013
20004007@unknown@formal@none@1@S@The average maturity for funds open only to institutions, considered by some to be a stronger indicator because those managers watch the market closely, reached a high point for the year -- 33 days.@@@@1@34@@oe@2-2-2013
20004008@unknown@formal@none@1@S@Nevertheless, said Brenda Malizia Negus, editor of Money Fund Report, yields "may blip up again before they blip down" because of recent rises in short-term interest rates.@@@@1@27@@oe@2-2-2013
20004009@unknown@formal@none@1@S@The yield on six-month Treasury bills sold at Monday's auction, for example, rose to 8.04% from 7.90%.@@@@1@17@@oe@2-2-2013
20004010@unknown@formal@none@1@S@Despite recent declines in yields, investors continue to pour cash into money funds.@@@@1@13@@oe@2-2-2013
20004011@unknown@formal@none@1@S@Assets of the 400 taxable funds grew by $1.5 billion during the latest week, to $352.7 billion.@@@@1@17@@oe@2-2-2013
20004012@unknown@formal@none@1@S@Typically, money-fund yields beat comparable short-term investments because portfolio managers can vary maturities and go after the highest rates.@@@@1@19@@oe@2-2-2013
20004013@unknown@formal@none@1@S@The top money funds are currently yielding well over 9%.@@@@1@10@@oe@2-2-2013
20004014@unknown@formal@none@1@S@Dreyfus World-Wide Dollar, the top-yielding fund, had a seven-day compound yield of 9.37% during the latest week, down from 9.45% a week earlier.@@@@1@23@@oe@2-2-2013
20004015@unknown@formal@none@1@S@It invests heavily in dollar-denominated securities overseas and is currently waiving management fees, which boosts its yield.@@@@1@17@@oe@2-2-2013
20004016@unknown@formal@none@1@S@The average seven-day simple yield of the 400 funds was 8.12%, down from 8.14%.@@@@1@14@@oe@2-2-2013
20004017@unknown@formal@none@1@S@The 30-day simple yield fell to an average 8.19% from 8.22%; the 30-day compound yield slid to an average 8.53% from 8.56%.@@@@1@22@@oe@2-2-2013
20005001@unknown@formal@none@1@S@J.P. Bolduc, vice chairman of W.R. Grace & Co., which holds a 83.4% interest in this energy-services company, was elected a director.@@@@1@22@@oe@2-2-2013
20005002@unknown@formal@none@1@S@He succeeds Terrence D. Daniels, formerly a W.R. Grace vice chairman, who resigned.@@@@1@13@@oe@2-2-2013
20005003@unknown@formal@none@1@S@W.R. Grace holds three of Grace Energy's seven board seats.@@@@1@10@@oe@2-2-2013
20006001@unknown@formal@none@1@S@Pacific First Financial Corp. said shareholders approved its acquisition by Royal Trustco Ltd. of Toronto for $27 a share, or $212 million.@@@@1@22@@oe@2-2-2013
20006002@unknown@formal@none@1@S@The thrift holding company said it expects to obtain regulatory approval and complete the transaction by year-end.@@@@1@17@@oe@2-2-2013
20007001@unknown@formal@none@1@S@McDermott International Inc. said its Babcock & Wilcox unit completed the sale of its Bailey Controls Operations to Finmeccanica S.p.A. for $295 million.@@@@1@23@@oe@2-2-2013
20007002@unknown@formal@none@1@S@Finmeccanica is an Italian state-owned holding company with interests in the mechanical engineering industry.@@@@1@14@@oe@2-2-2013
20007003@unknown@formal@none@1@S@Bailey Controls, based in Wickliffe, Ohio, makes computerized industrial controls systems.@@@@1@11@@oe@2-2-2013
20007004@unknown@formal@none@1@S@It employs 2,700 people and has annual revenue of about $370 million.@@@@1@12@@oe@2-2-2013
20008001@unknown@formal@none@1@S@The federal government suspended sales of U.S. savings bonds because Congress hasn't lifted the ceiling on government debt.@@@@1@18@@oe@2-2-2013
20008002@unknown@formal@none@1@S@Until Congress acts, the government hasn't any authority to issue new debt obligations of any kind, the Treasury said.@@@@1@19@@oe@2-2-2013
20008003@unknown@formal@none@1@S@The government's borrowing authority dropped at midnight Tuesday to $2.80 trillion from $2.87 trillion.@@@@1@14@@oe@2-2-2013
20008004@unknown@formal@none@1@S@Legislation to lift the debt ceiling is ensnarled in the fight over cutting capital-gains taxes.@@@@1@15@@oe@2-2-2013
20008005@unknown@formal@none@1@S@The House has voted to raise the ceiling to $3.1 trillion, but the Senate isn't expected to act until next week at the earliest.@@@@1@24@@oe@2-2-2013
20008006@unknown@formal@none@1@S@The Treasury said the U.S. will default on Nov. 9 if Congress doesn't act by then.@@@@1@16@@oe@2-2-2013
20009001@unknown@formal@none@1@S@Clark J. Vitulli was named senior vice president and general manager of this U.S. sales and marketing arm of Japanese auto maker Mazda Motor Corp.@@@@1@25@@oe@2-2-2013
20009002@unknown@formal@none@1@S@In the new position he will oversee Mazda's U.S. sales, service, parts and marketing operations.@@@@1@15@@oe@2-2-2013
20009003@unknown@formal@none@1@S@Previously, Mr. Vitulli, 43 years old, was general marketing manager of Chrysler Corp.'s Chrysler division.@@@@1@15@@oe@2-2-2013
20009004@unknown@formal@none@1@S@He had been a sales and marketing executive with Chrysler for 20 years.@@@@1@13@@oe@2-2-2013
20010001@unknown@formal@none@1@S@When it's time for their biannual powwow, the nation's manufacturing titans typically jet off to the sunny confines of resort towns like Boca Raton and Hot Springs.@@@@1@27@@oe@2-2-2013
20010002@unknown@formal@none@1@S@Not this year.@@@@1@3@@oe@2-2-2013
20010003@unknown@formal@none@1@S@The National Association of Manufacturers settled on the Hoosier capital of Indianapolis for its fall board meeting.@@@@1@17@@oe@2-2-2013
20010004@unknown@formal@none@1@S@And the city decided to treat its guests more like royalty or rock stars than factory owners.@@@@1@17@@oe@2-2-2013
20010005@unknown@formal@none@1@S@The idea, of course: to prove to 125 corporate decision makers that the buckle on the Rust Belt isn't so rusty after all, that it's a good place for a company to expand.@@@@1@33@@oe@2-2-2013
20010006@unknown@formal@none@1@S@On the receiving end of the message were officials from giants like Du Pont and Maytag, along with lesser knowns like Trojan Steel and the Valley Queen Cheese Factory.@@@@1@29@@oe@2-2-2013
20010007@unknown@formal@none@1@S@For starters, the executives joined Mayor William H. Hudnut III for an evening of the Indianapolis Symphony Orchestra and a guest pianist-comedian Victor Borge.@@@@1@24@@oe@2-2-2013
20010008@unknown@formal@none@1@S@Champagne and dessert followed.@@@@1@4@@oe@2-2-2013
20010009@unknown@formal@none@1@S@The next morning, with a police escort, busloads of executives and their wives raced to the Indianapolis Motor Speedway, unimpeded by traffic or red lights.@@@@1@25@@oe@2-2-2013
20010010@unknown@formal@none@1@S@The governor couldn't make it, so the lieutenant governor welcomed the special guests.@@@@1@13@@oe@2-2-2013
20010011@unknown@formal@none@1@S@A buffet breakfast was held in the museum, where food and drinks are banned to everyday visitors.@@@@1@17@@oe@2-2-2013
20010012@unknown@formal@none@1@S@Then, in the guests' honor, the speedway hauled out four drivers, crews and even the official Indianapolis 500 announcer for a 10-lap exhibition race.@@@@1@24@@oe@2-2-2013
20010013@unknown@formal@none@1@S@After the race, Fortune 500 executives drooled like schoolboys over the cars and drivers.@@@@1@14@@oe@2-2-2013
20010014@unknown@formal@none@1@S@No dummies, the drivers pointed out they still had space on their machines for another sponsor's name or two.@@@@1@19@@oe@2-2-2013
20010015@unknown@formal@none@1@S@Back downtown, the execs squeezed in a few meetings at the hotel before boarding the buses again.@@@@1@17@@oe@2-2-2013
20010016@unknown@formal@none@1@S@This time, it was for dinner and dancing -- a block away.@@@@1@12@@oe@2-2-2013
20010017@unknown@formal@none@1@S@Under the stars and moons of the renovated Indiana Roof ballroom, nine of the hottest chefs in town fed them Indiana duckling mousseline, lobster consomme, veal mignon and chocolate terrine with a raspberry sauce.@@@@1@34@@oe@2-2-2013
20010018@unknown@formal@none@1@S@Knowing a tasty -- and free -- meal when they eat one, the executives gave the chefs a standing ovation.@@@@1@20@@oe@2-2-2013
20010019@unknown@formal@none@1@S@More than a few CEOs say the red-carpet treatment tempts them to return to a heartland city for future meetings.@@@@1@20@@oe@2-2-2013
20010020@unknown@formal@none@1@S@But for now, they're looking forward to their winter meeting -- Boca in February.@@@@1@14@@oe@2-2-2013
20011001@unknown@formal@none@1@S@South Korea registered a trade deficit of $101 million in October, reflecting the country's economic sluggishness, according to government figures released Wednesday.@@@@1@22@@oe@2-2-2013
20011002@unknown@formal@none@1@S@Preliminary tallies by the Trade and Industry Ministry showed another trade deficit in October, the fifth monthly setback this year, casting a cloud on South Korea's export-oriented economy.@@@@1@28@@oe@2-2-2013
20011003@unknown@formal@none@1@S@Exports in October stood at $5.29 billion, a mere 0.7% increase from a year earlier, while imports increased sharply to $5.39 billion, up 20% from last October.@@@@1@27@@oe@2-2-2013
20011004@unknown@formal@none@1@S@South Korea's economic boom, which began in 1986, stopped this year because of prolonged labor disputes, trade conflicts and sluggish exports.@@@@1@21@@oe@2-2-2013
20011005@unknown@formal@none@1@S@Government officials said exports at the end of the year would remain under a government target of $68 billion.@@@@1@19@@oe@2-2-2013
20011006@unknown@formal@none@1@S@Despite the gloomy forecast, South Korea has recorded a trade surplus of $71 million so far this year.@@@@1@18@@oe@2-2-2013
20011007@unknown@formal@none@1@S@From January to October, the nation's accumulated exports increased 4% from the same period last year to $50.45 billion.@@@@1@19@@oe@2-2-2013
20011008@unknown@formal@none@1@S@Imports were at $50.38 billion, up 19%.@@@@1@7@@oe@2-2-2013
20012001@unknown@formal@none@1@S@Newsweek, trying to keep pace with rival Time magazine, announced new advertising rates for 1990 and said it will introduce a new incentive plan for advertisers.@@@@1@26@@oe@2-2-2013
20012002@unknown@formal@none@1@S@The new ad plan from Newsweek, a unit of the Washington Post Co., is the second incentive plan the magazine has offered advertisers in three years.@@@@1@26@@oe@2-2-2013
20012003@unknown@formal@none@1@S@Plans that give advertisers discounts for maintaining or increasing ad spending have become permanent fixtures at the news weeklies and underscore the fierce competition between Newsweek, Time Warner Inc.'s Time magazine, and Mortimer B. Zuckerman's U.S. News & World Report.@@@@1@40@@oe@2-2-2013
20012004@unknown@formal@none@1@S@Alan Spoon, recently named Newsweek president, said Newsweek's ad rates would increase 5% in January.@@@@1@15@@oe@2-2-2013
20012005@unknown@formal@none@1@S@A full, four-color page in Newsweek will cost $100,980.@@@@1@9@@oe@2-2-2013
20012006@unknown@formal@none@1@S@In mid-October, Time magazine lowered its guaranteed circulation rate base for 1990 while not increasing ad page rates; with a lower circulation base, Time's ad rate will be effectively 7.5% higher per subscriber; a full page in Time costs about $120,000.@@@@1@41@@oe@2-2-2013
20012007@unknown@formal@none@1@S@U.S. News has yet to announce its 1990 ad rates.@@@@1@10@@oe@2-2-2013
20012008@unknown@formal@none@1@S@Newsweek said it will introduce the Circulation Credit Plan, which awards space credits to advertisers on "renewal advertising."@@@@1@18@@oe@2-2-2013
20012009@unknown@formal@none@1@S@The magazine will reward with "page bonuses" advertisers who in 1990 meet or exceed their 1989 spending, as long as they spent $325,000 in 1989 and $340,000 in 1990.@@@@1@29@@oe@2-2-2013
20012010@unknown@formal@none@1@S@Mr. Spoon said the plan is not an attempt to shore up a decline in ad pages in the first nine months of 1989; Newsweek's ad pages totaled 1,620, a drop of 3.2% from last year, according to Publishers Information Bureau.@@@@1@41@@oe@2-2-2013
20012011@unknown@formal@none@1@S@"What matters is what advertisers are paying per page, and in that department we are doing fine this fall," said Mr. Spoon.@@@@1@22@@oe@2-2-2013
20012012@unknown@formal@none@1@S@Both Newsweek and U.S. News have been gaining circulation in recent years without heavy use of electronic giveaways to subscribers, such as telephones or watches.@@@@1@25@@oe@2-2-2013
20012013@unknown@formal@none@1@S@However, none of the big three weeklies recorded circulation gains recently.@@@@1@11@@oe@2-2-2013
20012014@unknown@formal@none@1@S@According to Audit Bureau of Circulations, Time, the largest newsweekly, had average circulation of 4,393,237, a decrease of 7.3%.@@@@1@19@@oe@2-2-2013
20012015@unknown@formal@none@1@S@Newsweek's circulation for the first six months of 1989 was 3,288,453, flat from the same period last year.@@@@1@18@@oe@2-2-2013
20012016@unknown@formal@none@1@S@U.S. News' circulation in the same time was 2,303,328, down 2.6%.@@@@1@11@@oe@2-2-2013
20013001@unknown@formal@none@1@S@New England Electric System bowed out of the bidding for Public Service Co. of New Hampshire, saying that the risks were too high and the potential payoff too far in the future to justify a higher offer.@@@@1@37@@oe@2-2-2013
20013002@unknown@formal@none@1@S@The move leaves United Illuminating Co. and Northeast Utilities as the remaining outside bidders for PS of New Hampshire, which also has proposed an internal reorganization plan in Chapter 11 bankruptcy proceedings under which it would remain an independent company.@@@@1@40@@oe@2-2-2013
20013003@unknown@formal@none@1@S@New England Electric, based in Westborough, Mass., had offered $2 billion to acquire PS of New Hampshire, well below the $2.29 billion value United Illuminating places on its bid and the $2.25 billion Northeast says its bid is worth.@@@@1@39@@oe@2-2-2013
20013004@unknown@formal@none@1@S@United Illuminating is based in New Haven, Conn., and Northeast is based in Hartford, Conn.@@@@1@15@@oe@2-2-2013
20013005@unknown@formal@none@1@S@PS of New Hampshire, Manchester, N.H., values its internal reorganization plan at about $2.2 billion.@@@@1@15@@oe@2-2-2013
20013006@unknown@formal@none@1@S@John Rowe, president and chief executive officer of New England Electric, said the company's return on equity could suffer if it made a higher bid and its forecasts related to PS of New Hampshire -- such as growth in electricity demand and improved operating efficiencies -- didn't come true.@@@@1@49@@oe@2-2-2013
20013007@unknown@formal@none@1@S@"When we evaluated raising our bid, the risks seemed substantial and persistent over the next five years, and the rewards seemed a long way out.@@@@1@25@@oe@2-2-2013
20013008@unknown@formal@none@1@S@That got hard to take," he added.@@@@1@7@@oe@2-2-2013
20013009@unknown@formal@none@1@S@Mr. Rowe also noted that political concerns also worried New England Electric.@@@@1@12@@oe@2-2-2013
20013010@unknown@formal@none@1@S@No matter who owns PS of New Hampshire, after it emerges from bankruptcy proceedings its rates will be among the highest in the nation, he said.@@@@1@26@@oe@2-2-2013
20013011@unknown@formal@none@1@S@"That attracts attention . . .@@@@1@6@@oe@2-2-2013
20013012@unknown@formal@none@1@S@it was just another one of the risk factors" that led to the company's decision to withdraw from the bidding, he added.@@@@1@22@@oe@2-2-2013
20013013@unknown@formal@none@1@S@Wilbur Ross Jr. of Rothschild Inc., the financial adviser to the troubled company's equity holders, said the withdrawal of New England Electric might speed up the reorganization process.@@@@1@28@@oe@2-2-2013
20013014@unknown@formal@none@1@S@The fact that New England proposed lower rate increases -- 4.8% over seven years against around 5.5% boosts proposed by the other two outside bidders -- complicated negotiations with state officials, Mr. Ross asserted.@@@@1@34@@oe@2-2-2013
20013015@unknown@formal@none@1@S@"Now the field is less cluttered," he added.@@@@1@8@@oe@2-2-2013
20013016@unknown@formal@none@1@S@Separately, the Federal Energy Regulatory Commission turned down for now a request by Northeast seeking approval of its possible purchase of PS of New Hampshire.@@@@1@25@@oe@2-2-2013
20013017@unknown@formal@none@1@S@Northeast said it would refile its request and still hopes for an expedited review by the FERC so that it could complete the purchase by next summer if its bid is the one approved by the bankruptcy court.@@@@1@38@@oe@2-2-2013
20013018@unknown@formal@none@1@S@PS of New Hampshire shares closed yesterday at $3.75, off 25 cents, in New York Stock Exchange composite trading.@@@@1@19@@oe@2-2-2013
20014001@unknown@formal@none@1@S@Norman Ricken, 52 years old and former president and chief operating officer of Toys "R" Us Inc., and Frederick Deane Jr., 63, chairman of Signet Banking Corp., were elected directors of this consumer electronics and appliances retailing chain.@@@@1@38@@oe@2-2-2013
20014002@unknown@formal@none@1@S@They succeed Daniel M. Rexinger, retired Circuit City executive vice president, and Robert R. Glauber, U.S. Treasury undersecretary, on the 12-member board.@@@@1@22@@oe@2-2-2013
20015001@unknown@formal@none@1@S@Commonwealth Edison Co. was ordered to refund about $250 million to its current and former ratepayers for illegal rates collected for cost overruns on a nuclear power plant.@@@@1@28@@oe@2-2-2013
20015002@unknown@formal@none@1@S@The refund was about $55 million more than previously ordered by the Illinois Commerce Commission and trade groups said it may be the largest ever required of a state or local utility.@@@@1@32@@oe@2-2-2013
20015003@unknown@formal@none@1@S@State court Judge Richard Curry ordered Edison to make average refunds of about $45 to $50 each to Edison customers who have received electric service since April 1986, including about two million customers who have moved during that period.@@@@1@39@@oe@2-2-2013
20015004@unknown@formal@none@1@S@Judge Curry ordered the refunds to begin Feb. 1 and said that he wouldn't entertain any appeals or other attempts to block his order by Commonwealth Edison.@@@@1@27@@oe@2-2-2013
20015005@unknown@formal@none@1@S@"The refund pool . . . may not be held hostage through another round of appeals," Judge Curry said.@@@@1@19@@oe@2-2-2013
20015006@unknown@formal@none@1@S@Commonwealth Edison said it is already appealing the underlying commission order and is considering appealing Judge Curry's order.@@@@1@18@@oe@2-2-2013
20015007@unknown@formal@none@1@S@The exact amount of the refund will be determined next year based on actual collections made until Dec. 31 of this year.@@@@1@22@@oe@2-2-2013
20015008@unknown@formal@none@1@S@Commonwealth Edison said the ruling could force it to slash its 1989 earnings by $1.55 a share.@@@@1@17@@oe@2-2-2013
20015009@unknown@formal@none@1@S@For 1988, Commonwealth Edison reported earnings of $737.5 million, or $3.01 a share.@@@@1@13@@oe@2-2-2013
20015010@unknown@formal@none@1@S@A Commonwealth Edison spokesman said that tracking down the two million customers whose addresses have changed during the past 3 1/2 years would be "an administrative nightmare."@@@@1@27@@oe@2-2-2013
20015011@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Commonwealth Edison closed at $38.375, down 12.5 cents.@@@@1@16@@oe@2-2-2013
20015012@unknown@formal@none@1@S@The $2.5 billion Byron 1 plant near Rockford, Ill., was completed in 1985.@@@@1@13@@oe@2-2-2013
20015013@unknown@formal@none@1@S@In a disputed 1985 ruling, the Commerce Commission said Commonwealth Edison could raise its electricity rates by $49 million to pay for the plant.@@@@1@24@@oe@2-2-2013
20015014@unknown@formal@none@1@S@But state courts upheld a challenge by consumer groups to the commission's rate increase and found the rates illegal.@@@@1@19@@oe@2-2-2013
20015015@unknown@formal@none@1@S@The Illinois Supreme Court ordered the commission to audit Commonwealth Edison's construction expenses and refund any unreasonable expenses.@@@@1@18@@oe@2-2-2013
20015016@unknown@formal@none@1@S@The utility has been collecting for the plant's construction cost from its 3.1 million customers subject to a refund since 1986.@@@@1@21@@oe@2-2-2013
20015017@unknown@formal@none@1@S@In August, the commission ruled that between $190 million and $195 million of the plant's construction cost was unreasonable and should be refunded, plus interest.@@@@1@25@@oe@2-2-2013
20015018@unknown@formal@none@1@S@In his ruling, Judge Curry added an additional $55 million to the commission's calculations.@@@@1@14@@oe@2-2-2013
20015019@unknown@formal@none@1@S@Last month, Judge Curry set the interest rate on the refund at 9%.@@@@1@13@@oe@2-2-2013
20015020@unknown@formal@none@1@S@Commonwealth Edison now faces an additional court-ordered refund on its summer/winter rate differential collections that the Illinois Appellate Court has estimated at $140 million.@@@@1@24@@oe@2-2-2013
20015021@unknown@formal@none@1@S@And consumer groups hope that Judge Curry's Byron 1 order may set a precedent for a second nuclear rate case involving Commonwealth Edison's Braidwood 2 plant.@@@@1@26@@oe@2-2-2013
20015022@unknown@formal@none@1@S@Commonwealth Edison is seeking about $245 million in rate increases to pay for Braidwood 2.@@@@1@15@@oe@2-2-2013
20015023@unknown@formal@none@1@S@The commission is expected to rule on the Braidwood 2 case by year end.@@@@1@14@@oe@2-2-2013
20015024@unknown@formal@none@1@S@Last year Commonwealth Edison had to refund $72.7 million for poor performance of its LaSalle I nuclear plant.@@@@1@18@@oe@2-2-2013
20016001@unknown@formal@none@1@S@Japan's domestic sales of cars, trucks and buses in October rose 18% from a year earlier to 500,004 units, a record for the month, the Japan Automobile Dealers' Association said.@@@@1@30@@oe@2-2-2013
20016002@unknown@formal@none@1@S@The strong growth followed year-to-year increases of 21% in August and 12% in September.@@@@1@14@@oe@2-2-2013
20016003@unknown@formal@none@1@S@The monthly sales have been setting records every month since March.@@@@1@11@@oe@2-2-2013
20016004@unknown@formal@none@1@S@October sales, compared with the previous month, inched down 0.4%.@@@@1@10@@oe@2-2-2013
20016005@unknown@formal@none@1@S@Sales of passenger cars grew 22% from a year earlier to 361,376 units.@@@@1@13@@oe@2-2-2013
20016006@unknown@formal@none@1@S@Sales of medium-sized cars, which benefited from price reductions arising from introduction of the consumption tax, more than doubled to 30,841 units from 13,056 in October 1988.@@@@1@27@@oe@2-2-2013
20017001@unknown@formal@none@1@S@Texas Instruments Japan Ltd., a unit of Texas Instruments Inc., said it opened a plant in South Korea to manufacture control devices.@@@@1@22@@oe@2-2-2013
20017002@unknown@formal@none@1@S@The new plant, located in Chinchon about 60 miles from Seoul, will help meet increasing and diversifying demand for control products in South Korea, the company said.@@@@1@27@@oe@2-2-2013
20017003@unknown@formal@none@1@S@The plant will produce control devices used in motor vehicles and household appliances.@@@@1@13@@oe@2-2-2013
20018001@unknown@formal@none@1@S@The survival of spinoff Cray Computer Corp. as a fledgling in the supercomputer business appears to depend heavily on the creativity -- and longevity -- of its chairman and chief designer, Seymour Cray.@@@@1@33@@oe@2-2-2013
20018002@unknown@formal@none@1@S@Not only is development of the new company's initial machine tied directly to Mr. Cray, so is its balance sheet.@@@@1@20@@oe@2-2-2013
20018003@unknown@formal@none@1@S@Documents filed with the Securities and Exchange Commission on the pending spinoff disclosed that Cray Research Inc. will withdraw the almost $100 million in financing it is providing the new firm if Mr. Cray leaves or if the product-design project he heads is scrapped.@@@@1@44@@oe@2-2-2013
20018004@unknown@formal@none@1@S@The documents also said that although the 64-year-old Mr. Cray has been working on the project for more than six years, the Cray-3 machine is at least another year away from a fully operational prototype.@@@@1@35@@oe@2-2-2013
20018005@unknown@formal@none@1@S@Moreover, there have been no orders for the Cray-3 so far, though the company says it is talking with several prospects.@@@@1@21@@oe@2-2-2013
20018006@unknown@formal@none@1@S@While many of the risks were anticipated when Minneapolis-based Cray Research first announced the spinoff in May, the strings it attached to the financing hadn't been made public until yesterday.@@@@1@30@@oe@2-2-2013
20018007@unknown@formal@none@1@S@"We didn't have much of a choice," Cray Computer's chief financial officer, Gregory Barnum, said in an interview.@@@@1@18@@oe@2-2-2013
20018008@unknown@formal@none@1@S@"The theory is that Seymour is the chief designer of the Cray-3, and without him it could not be completed.@@@@1@20@@oe@2-2-2013
20018009@unknown@formal@none@1@S@Cray Research did not want to fund a project that did not include Seymour."@@@@1@14@@oe@2-2-2013
20018010@unknown@formal@none@1@S@The documents also said that Cray Computer anticipates needing perhaps another $120 million in financing beginning next September.@@@@1@18@@oe@2-2-2013
20018011@unknown@formal@none@1@S@But Mr. Barnum called that "a worst-case" scenario.@@@@1@8@@oe@2-2-2013
20018012@unknown@formal@none@1@S@The filing on the details of the spinoff caused Cray Research stock to jump $2.875 yesterday to close at $38 in New York Stock Exchange composite trading.@@@@1@27@@oe@2-2-2013
20018013@unknown@formal@none@1@S@Analysts noted yesterday that Cray Research's decision to link its $98.3 million promissory note to Mr. Cray's presence will complicate a valuation of the new company.@@@@1@26@@oe@2-2-2013
20018014@unknown@formal@none@1@S@"It has to be considered as an additional risk for the investor," said Gary P. Smaby of Smaby Group Inc., Minneapolis.@@@@1@21@@oe@2-2-2013
20018015@unknown@formal@none@1@S@"Cray Computer will be a concept stock," he said.@@@@1@9@@oe@2-2-2013
20018016@unknown@formal@none@1@S@"You either believe Seymour can do it again or you don't."@@@@1@11@@oe@2-2-2013
20018017@unknown@formal@none@1@S@Besides the designer's age, other risk factors for Mr. Cray's new company include the Cray-3's tricky, unproven chip technology.@@@@1@19@@oe@2-2-2013
20018018@unknown@formal@none@1@S@The SEC documents describe those chips, which are made of gallium arsenide, as being so fragile and minute they will require special robotic handling equipment.@@@@1@25@@oe@2-2-2013
20018019@unknown@formal@none@1@S@In addition, the Cray-3 will contain 16 processors -- twice as many as the largest current supercomputer.@@@@1@17@@oe@2-2-2013
20018020@unknown@formal@none@1@S@Cray Computer also will face intense competition, not only from Cray Research, which has about 60% of the world-wide supercomputer market and which is expected to roll out the C-90 machine, a direct competitor with the Cray-3, in 1991.@@@@1@39@@oe@2-2-2013
20018021@unknown@formal@none@1@S@The spinoff also will compete with International Business Machines Corp. and Japan's Big Three -- Hitachi Ltd., NEC Corp. and Fujitsu Ltd.@@@@1@22@@oe@2-2-2013
20018022@unknown@formal@none@1@S@The new company said it believes there are fewer than 100 potential customers for supercomputers priced between $15 million and $30 million -- presumably the Cray-3 price range.@@@@1@28@@oe@2-2-2013
20018023@unknown@formal@none@1@S@Under terms of the spinoff, Cray Research stockholders are to receive one Cray Computer share for every two Cray Research shares they own in a distribution expected to occur in about two weeks.@@@@1@33@@oe@2-2-2013
20018024@unknown@formal@none@1@S@No price for the new shares has been set.@@@@1@9@@oe@2-2-2013
20018025@unknown@formal@none@1@S@Instead, the companies will leave it up to the marketplace to decide.@@@@1@12@@oe@2-2-2013
20018026@unknown@formal@none@1@S@Cray Computer has applied to trade on Nasdaq.@@@@1@8@@oe@2-2-2013
20018027@unknown@formal@none@1@S@Analysts calculate Cray Computer's initial book value at about $4.75 a share.@@@@1@12@@oe@2-2-2013
20018028@unknown@formal@none@1@S@Along with the note, Cray Research is transferring about $53 million in assets, primarily those related to the Cray-3 development, which has been a drain on Cray Research's earnings.@@@@1@29@@oe@2-2-2013
20018029@unknown@formal@none@1@S@Pro-forma balance sheets clearly show why Cray Research favored the spinoff.@@@@1@11@@oe@2-2-2013
20018030@unknown@formal@none@1@S@Without the Cray-3 research and development expenses, the company would have been able to report a profit of $19.3 million for the first half of 1989 rather than the $5.9 million it posted.@@@@1@33@@oe@2-2-2013
20018031@unknown@formal@none@1@S@On the other hand, had it existed then, Cray Computer would have incurred a $20.5 million loss.@@@@1@17@@oe@2-2-2013
20018032@unknown@formal@none@1@S@Mr. Cray, who couldn't be reached for comment, will work for the new Colorado Springs, Colo., company as an independent contractor -- the arrangement he had with Cray Research.@@@@1@29@@oe@2-2-2013
20018033@unknown@formal@none@1@S@Regarded as the father of the supercomputer, Mr. Cray was paid $600,000 at Cray Research last year.@@@@1@17@@oe@2-2-2013
20018034@unknown@formal@none@1@S@At Cray Computer, he will be paid $240,000.@@@@1@8@@oe@2-2-2013
20018035@unknown@formal@none@1@S@Besides Messrs. Cray and Barnum, other senior management at the company includes Neil Davenport, 47, president and chief executive officer; Joseph M. Blanchard, 37, vice president, engineering; Malcolm A. Hammerton, 40, vice president, software; and Douglas R. Wheeland, 45, vice president, hardware.@@@@1@42@@oe@2-2-2013
20018036@unknown@formal@none@1@S@All came from Cray Research.@@@@1@5@@oe@2-2-2013
20018037@unknown@formal@none@1@S@Cray Computer, which currently employs 241 people, said it expects a work force of 450 by the end of 1990.@@@@1@20@@oe@2-2-2013
20019001@unknown@formal@none@1@S@John R. Stevens, 49 years old, was named senior executive vice president and chief operating officer, both new positions.@@@@1@19@@oe@2-2-2013
20019002@unknown@formal@none@1@S@He will continue to report to Donald Pardus, president and chief executive officer.@@@@1@13@@oe@2-2-2013
20019003@unknown@formal@none@1@S@Mr. Stevens was executive vice president of this electric-utility holding company.@@@@1@11@@oe@2-2-2013
20019004@unknown@formal@none@1@S@Arthur A. Hatch, 59, was named executive vice president of the company.@@@@1@12@@oe@2-2-2013
20019005@unknown@formal@none@1@S@He was previously president of the company's Eastern Edison Co. unit.@@@@1@11@@oe@2-2-2013
20019006@unknown@formal@none@1@S@John D. Carney, 45, was named to succeed Mr. Hatch as president of Eastern Edison.@@@@1@15@@oe@2-2-2013
20019007@unknown@formal@none@1@S@Previously he was vice president of Eastern Edison.@@@@1@8@@oe@2-2-2013
20019008@unknown@formal@none@1@S@Robert P. Tassinari, 63, was named senior vice president of Eastern Utilities.@@@@1@12@@oe@2-2-2013
20019009@unknown@formal@none@1@S@He was previously vice president.@@@@1@5@@oe@2-2-2013
20020001@unknown@formal@none@1@S@The U.S., claiming some success in its trade diplomacy, removed South Korea, Taiwan and Saudi Arabia from a list of countries it is closely watching for allegedly failing to honor U.S. patents, copyrights and other intellectual-property rights.@@@@1@37@@oe@2-2-2013
20020002@unknown@formal@none@1@S@However, five other countries -- China, Thailand, India, Brazil and Mexico -- will remain on that so-called priority watch list as a result of an interim review, U.S. Trade Representative Carla Hills announced.@@@@1@33@@oe@2-2-2013
20020003@unknown@formal@none@1@S@Under the new U.S. trade law, those countries could face accelerated unfair-trade investigations and stiff trade sanctions if they don't improve their protection of intellectual property by next spring.@@@@1@29@@oe@2-2-2013
20020004@unknown@formal@none@1@S@Mrs. Hills said many of the 25 countries that she placed under varying degrees of scrutiny have made "genuine progress" on this touchy issue.@@@@1@24@@oe@2-2-2013
20020005@unknown@formal@none@1@S@She said there is "growing realization" around the world that denial of intellectual-property rights harms all trading nations, and particularly the "creativity and inventiveness of an {offending} country's own citizens."@@@@1@30@@oe@2-2-2013
20020006@unknown@formal@none@1@S@U.S. trade negotiators argue that countries with inadequate protections for intellectual-property rights could be hurting themselves by discouraging their own scientists and authors and by deterring U.S. high-technology firms from investing or marketing their best products there.@@@@1@37@@oe@2-2-2013
20020007@unknown@formal@none@1@S@Mrs. Hills lauded South Korea for creating an intellectual-property task force and special enforcement teams of police officers and prosecutors trained to pursue movie and book pirates.@@@@1@27@@oe@2-2-2013
20020008@unknown@formal@none@1@S@Seoul also has instituted effective search-and-seizure procedures to aid these teams, she said.@@@@1@13@@oe@2-2-2013
20020009@unknown@formal@none@1@S@Taiwan has improved its standing with the U.S. by initialing a bilateral copyright agreement, amending its trademark law and introducing legislation to protect foreign movie producers from unauthorized showings of their films.@@@@1@32@@oe@2-2-2013
20020010@unknown@formal@none@1@S@That measure could compel Taipei's growing number of small video-viewing parlors to pay movie producers for showing their films.@@@@1@19@@oe@2-2-2013
20020011@unknown@formal@none@1@S@Saudi Arabia, for its part, has vowed to enact a copyright law compatible with international standards and to apply the law to computer software as well as to literary works, Mrs. Hills said.@@@@1@33@@oe@2-2-2013
20020012@unknown@formal@none@1@S@These three countries aren't completely off the hook, though.@@@@1@9@@oe@2-2-2013
20020013@unknown@formal@none@1@S@They will remain on a lower-priority list that includes 17 other countries.@@@@1@12@@oe@2-2-2013
20020014@unknown@formal@none@1@S@Those countries -- including Japan, Italy, Canada, Greece and Spain -- are still of some concern to the U.S. but are deemed to pose less-serious problems for American patent and copyright owners than those on the "priority" list.@@@@1@38@@oe@2-2-2013
20020015@unknown@formal@none@1@S@Gary Hoffman, a Washington lawyer specializing in intellectual-property cases, said the threat of U.S. retaliation, combined with a growing recognition that protecting intellectual property is in a country's own interest, prompted the improvements made by South Korea, Taiwan and Saudi Arabia.@@@@1@41@@oe@2-2-2013
20020016@unknown@formal@none@1@S@"What this tells us is that U.S. trade law is working," he said.@@@@1@13@@oe@2-2-2013
20020017@unknown@formal@none@1@S@He said Mexico could be one of the next countries to be removed from the priority list because of its efforts to craft a new patent law.@@@@1@27@@oe@2-2-2013
20020018@unknown@formal@none@1@S@Mrs. Hills said that the U.S. is still concerned about "disturbing developments in Turkey and continuing slow progress in Malaysia."@@@@1@20@@oe@2-2-2013
20020019@unknown@formal@none@1@S@She didn't elaborate, although earlier U.S. trade reports have complained of videocassette piracy in Malaysia and disregard for U.S. pharmaceutical patents in Turkey.@@@@1@23@@oe@2-2-2013
20020020@unknown@formal@none@1@S@The 1988 trade act requires Mrs. Hills to issue another review of the performance of these countries by April 30.@@@@1@20@@oe@2-2-2013
20020021@unknown@formal@none@1@S@So far, Mrs. Hills hasn't deemed any cases bad enough to merit an accelerated investigation under the so-called special 301 provision of the act.@@@@1@24@@oe@2-2-2013
20021001@unknown@formal@none@1@S@Argentina said it will ask creditor banks to halve its foreign debt of $64 billion -- the third-highest in the developing world.@@@@1@22@@oe@2-2-2013
20021002@unknown@formal@none@1@S@The declaration by Economy Minister Nestor Rapanelli is believed to be the first time such an action has been called for by an Argentine official of such stature.@@@@1@28@@oe@2-2-2013
20021003@unknown@formal@none@1@S@The Latin American nation has paid very little on its debt since early last year.@@@@1@15@@oe@2-2-2013
20021004@unknown@formal@none@1@S@"Argentina aspires to reach a reduction of 50% in the value of its external debt," Mr. Rapanelli said through his spokesman, Miguel Alurralde.@@@@1@23@@oe@2-2-2013
20021005@unknown@formal@none@1@S@Mr. Rapanelli met in August with U.S. Assistant Treasury Secretary David Mulford.@@@@1@12@@oe@2-2-2013
20021006@unknown@formal@none@1@S@Argentine negotiator Carlos Carballo was in Washington and New York this week to meet with banks.@@@@1@16@@oe@2-2-2013
20021007@unknown@formal@none@1@S@Mr. Rapanelli recently has said the government of President Carlos Menem, who took office July 8, feels a significant reduction of principal and interest is the only way the debt problem may be solved.@@@@1@34@@oe@2-2-2013
20021008@unknown@formal@none@1@S@But he has not said before that the country wants half the debt forgiven.@@@@1@14@@oe@2-2-2013
20022001@unknown@formal@none@1@S@(During its centennial year, The Wall Street Journal will report events of the past century that stand as milestones of American business history.)@@@@1@23@@oe@2-2-2013
20022002@unknown@formal@none@1@S@THREE COMPUTERS THAT CHANGED the face of personal computing were launched in 1977.@@@@1@13@@oe@2-2-2013
20022003@unknown@formal@none@1@S@That year the Apple II, Commodore Pet and Tandy TRS-80 came to market.@@@@1@13@@oe@2-2-2013
20022004@unknown@formal@none@1@S@The computers were crude by today's standards.@@@@1@7@@oe@2-2-2013
20022005@unknown@formal@none@1@S@Apple II owners, for example, had to use their television sets as screens and stored data on audiocassettes.@@@@1@18@@oe@2-2-2013
20022006@unknown@formal@none@1@S@But Apple II was a major advance from Apple I, which was built in a garage by Stephen Wozniak and Steven Jobs for hobbyists such as the Homebrew Computer Club.@@@@1@30@@oe@2-2-2013
20022007@unknown@formal@none@1@S@In addition, the Apple II was an affordable $1,298.@@@@1@9@@oe@2-2-2013
20022008@unknown@formal@none@1@S@Crude as they were, these early PCs triggered explosive product development in desktop models for the home and office.@@@@1@19@@oe@2-2-2013
20022009@unknown@formal@none@1@S@Big mainframe computers for business had been around for years.@@@@1@10@@oe@2-2-2013
20022010@unknown@formal@none@1@S@But the new 1977 PCs -- unlike earlier built-from-kit types such as the Altair, Sol and IMSAI -- had keyboards and could store about two pages of data in their memories.@@@@1@31@@oe@2-2-2013
20022011@unknown@formal@none@1@S@Current PCs are more than 50 times faster and have memory capacity 500 times greater than their 1977 counterparts.@@@@1@19@@oe@2-2-2013
20022012@unknown@formal@none@1@S@There were many pioneer PC contributors.@@@@1@6@@oe@2-2-2013
20022013@unknown@formal@none@1@S@William Gates and Paul Allen in 1975 developed an early language-housekeeper system for PCs, and Gates became an industry billionaire six years after IBM adapted one of these versions in 1981.@@@@1@31@@oe@2-2-2013
20022014@unknown@formal@none@1@S@Alan F. Shugart, currently chairman of Seagate Technology, led the team that developed the disk drives for PCs.@@@@1@18@@oe@2-2-2013
20022015@unknown@formal@none@1@S@Dennis Hayes and Dale Heatherington, two Atlanta engineers, were co-developers of the internal modems that allow PCs to share data via the telephone.@@@@1@23@@oe@2-2-2013
20022016@unknown@formal@none@1@S@IBM, the world leader in computers, didn't offer its first PC until August 1981 as many other companies entered the market.@@@@1@21@@oe@2-2-2013
20022017@unknown@formal@none@1@S@Today, PC shipments annually total some $38.3 billion world-wide.@@@@1@9@@oe@2-2-2013
20023001@unknown@formal@none@1@S@F.H. Faulding & Co., an Australian pharmaceuticals company, said its Moleculon Inc. affiliate acquired Kalipharma Inc. for $23 million.@@@@1@19@@oe@2-2-2013
20023002@unknown@formal@none@1@S@Kalipharma is a New Jersey-based pharmaceuticals concern that sells products under the Purepac label.@@@@1@14@@oe@2-2-2013
20023003@unknown@formal@none@1@S@Faulding said it owns 33% of Moleculon's voting stock and has an agreement to acquire an additional 19%.@@@@1@18@@oe@2-2-2013
20023004@unknown@formal@none@1@S@That stake, together with its convertible preferred stock holdings, gives Faulding the right to increase its interest to 70% of Moleculon's voting stock.@@@@1@23@@oe@2-2-2013
20024001@unknown@formal@none@1@S@Oil production from Australia's Bass Strait fields will be raised by 11,000 barrels a day to about 321,000 barrels with the launch of the Whiting field, the first of five small fields scheduled to be brought into production before the end of 1990.@@@@1@43@@oe@2-2-2013
20024002@unknown@formal@none@1@S@Esso Australia Ltd., a unit of New York-based Exxon Corp., and Broken Hill Pty. operate the fields in a joint venture.@@@@1@21@@oe@2-2-2013
20024003@unknown@formal@none@1@S@Esso said the Whiting field started production Tuesday.@@@@1@8@@oe@2-2-2013
20024004@unknown@formal@none@1@S@Output will be gradually increased until it reaches about 11,000 barrels a day.@@@@1@13@@oe@2-2-2013
20024005@unknown@formal@none@1@S@The field has reserves of 21 million barrels.@@@@1@8@@oe@2-2-2013
20024006@unknown@formal@none@1@S@Reserves for the five new fields total 50 million barrels.@@@@1@10@@oe@2-2-2013
20024007@unknown@formal@none@1@S@The Perch and Dolphin fields are expected to start producing early next year, and the Seahorse and Tarwhine fields later next year.@@@@1@22@@oe@2-2-2013
20024008@unknown@formal@none@1@S@Esso said the fields were developed after the Australian government decided in 1987 to make the first 30 million barrels from new fields free of excise tax.@@@@1@27@@oe@2-2-2013
20025001@unknown@formal@none@1@S@R.P. Scherer Corp. said it completed the $10.2 million sale of its Southern Optical subsidiary to a group led by the unit's president, Thomas R. Sloan, and other managers.@@@@1@29@@oe@2-2-2013
20025002@unknown@formal@none@1@S@Following the acquisition of R.P. Scherer by a buy-out group led by Shearson Lehman Hutton earlier this year, the maker of gelatin capsules decided to divest itself of certain of its non-encapsulating businesses.@@@@1@33@@oe@2-2-2013
20025003@unknown@formal@none@1@S@The sale of Southern Optical is a part of the program.@@@@1@11@@oe@2-2-2013
20026001@unknown@formal@none@1@S@The White House said President Bush has approved duty-free treatment for imports of certain types of watches that aren't produced in "significant quantities" in the U.S., the Virgin Islands and other U.S. possessions.@@@@1@33@@oe@2-2-2013
20026002@unknown@formal@none@1@S@The action came in response to a petition filed by Timex Inc. for changes in the U.S. Generalized System of Preferences for imports from developing nations.@@@@1@26@@oe@2-2-2013
20026003@unknown@formal@none@1@S@Previously, watch imports were denied such duty-free treatment.@@@@1@8@@oe@2-2-2013
20026004@unknown@formal@none@1@S@Timex had requested duty-free treatment for many types of watches, covered by 58 different U.S. tariff classifications.@@@@1@17@@oe@2-2-2013
20026005@unknown@formal@none@1@S@The White House said Mr. Bush decided to grant duty-free status for 18 categories, but turned down such treatment for other types of watches "because of the potential for material injury to watch producers located in the U.S. and the Virgin Islands."@@@@1@42@@oe@2-2-2013
20026006@unknown@formal@none@1@S@Timex is a major U.S. producer and seller of watches, including low-priced battery-operated watches assembled in the Philippines and other developing nations covered by the U.S. tariff preferences.@@@@1@28@@oe@2-2-2013
20026007@unknown@formal@none@1@S@U.S. trade officials said the Philippines and Thailand would be the main beneficiaries of the president's action.@@@@1@17@@oe@2-2-2013
20026008@unknown@formal@none@1@S@Imports of the types of watches that now will be eligible for duty-free treatment totaled about $37.3 million in 1988, a relatively small share of the $1.5 billion in U.S. watch imports that year, according to an aide to U.S. Trade Representative Carla Hills.@@@@1@44@@oe@2-2-2013
20027001@unknown@formal@none@1@S@Magna International Inc.'s chief financial officer, James McAlpine, resigned and its chairman, Frank Stronach, is stepping in to help turn the automotive-parts manufacturer around, the company said.@@@@1@27@@oe@2-2-2013
20027002@unknown@formal@none@1@S@Mr. Stronach will direct an effort to reduce overhead and curb capital spending "until a more satisfactory level of profit is achieved and maintained," Magna said.@@@@1@26@@oe@2-2-2013
20027003@unknown@formal@none@1@S@Stephen Akerfeldt, currently vice president finance, will succeed Mr. McAlpine.@@@@1@10@@oe@2-2-2013
20027004@unknown@formal@none@1@S@An ambitious expansion has left Magna with excess capacity and a heavy debt load as the automotive industry enters a downturn.@@@@1@21@@oe@2-2-2013
20027005@unknown@formal@none@1@S@The company has reported declines in operating profit in each of the past three years, despite steady sales growth.@@@@1@19@@oe@2-2-2013
20027006@unknown@formal@none@1@S@Magna recently cut its quarterly dividend in half and the company's Class A shares are wallowing far below their 52-week high of 16.125 Canadian dollars (US$13.73).@@@@1@26@@oe@2-2-2013
20027007@unknown@formal@none@1@S@On the Toronto Stock Exchange yesterday, Magna shares closed up 37.5 Canadian cents to C$9.625.@@@@1@15@@oe@2-2-2013
20027008@unknown@formal@none@1@S@Mr. Stronach, founder and controlling shareholder of Magna, resigned as chief executive officer last year to seek, unsuccessfully, a seat in Canada's Parliament.@@@@1@23@@oe@2-2-2013
20027009@unknown@formal@none@1@S@Analysts said Mr. Stronach wants to resume a more influential role in running the company.@@@@1@15@@oe@2-2-2013
20027010@unknown@formal@none@1@S@They expect him to cut costs throughout the organization.@@@@1@9@@oe@2-2-2013
20027011@unknown@formal@none@1@S@The company said Mr. Stronach will personally direct the restructuring, assisted by Manfred Gingl, president and chief executive.@@@@1@18@@oe@2-2-2013
20027012@unknown@formal@none@1@S@Neither they nor Mr. McAlpine could be reached for comment.@@@@1@10@@oe@2-2-2013
20027013@unknown@formal@none@1@S@Magna said Mr. McAlpine resigned to pursue a consulting career, with Magna as one of his clients.@@@@1@17@@oe@2-2-2013
20028001@unknown@formal@none@1@S@Lord Chilver, 63-year-old chairman of English China Clays PLC, was named a nonexecutive director of this British chemical company.@@@@1@19@@oe@2-2-2013
20029001@unknown@formal@none@1@S@Japanese investors nearly single-handedly bought up two new mortgage securities-based mutual funds totaling $701 million, the U.S. Federal National Mortgage Association said.@@@@1@22@@oe@2-2-2013
20029002@unknown@formal@none@1@S@The purchases show the strong interest of Japanese investors in U.S. mortgage-based instruments, Fannie Mae's chairman, David O. Maxwell, said at a news conference.@@@@1@24@@oe@2-2-2013
20029003@unknown@formal@none@1@S@He said more than 90% of the funds were placed with Japanese institutional investors.@@@@1@14@@oe@2-2-2013
20029004@unknown@formal@none@1@S@The rest went to investors from France and Hong Kong.@@@@1@10@@oe@2-2-2013
20029005@unknown@formal@none@1@S@Earlier this year, Japanese investors snapped up a similar, $570 million mortgage-backed securities mutual fund.@@@@1@15@@oe@2-2-2013
20029006@unknown@formal@none@1@S@That fund was put together by Blackstone Group, a New York investment bank.@@@@1@13@@oe@2-2-2013
20029007@unknown@formal@none@1@S@The latest two funds were assembled jointly by Goldman, Sachs & Co. of the U.S. and Japan's Daiwa Securities Co.@@@@1@20@@oe@2-2-2013
20029008@unknown@formal@none@1@S@The new, seven-year funds -- one offering a fixed-rate return and the other with a floating-rate return linked to the London interbank offered rate -- offer two key advantages to Japanese investors.@@@@1@32@@oe@2-2-2013
20029009@unknown@formal@none@1@S@First, they are designed to eliminate the risk of prepayment -- mortgage-backed securities can be retired early if interest rates decline, and such prepayment forces investors to redeploy their money at lower rates.@@@@1@33@@oe@2-2-2013
20029010@unknown@formal@none@1@S@Second, they channel monthly mortgage payments into semiannual payments, reducing the administrative burden on investors.@@@@1@15@@oe@2-2-2013
20029011@unknown@formal@none@1@S@By addressing those problems, Mr. Maxwell said, the new funds have become "extremely attractive to Japanese and other investors outside the U.S."@@@@1@22@@oe@2-2-2013
20029012@unknown@formal@none@1@S@Such devices have boosted Japanese investment in mortgage-backed securities to more than 1% of the $900 billion in such instruments outstanding, and their purchases are growing at a rapid rate.@@@@1@30@@oe@2-2-2013
20029013@unknown@formal@none@1@S@They also have become large purchasers of Fannie Mae's corporate debt, buying $2.4 billion in Fannie Mae bonds during the first nine months of the year, or almost a tenth of the total amount issued.@@@@1@35@@oe@2-2-2013
20030001@unknown@formal@none@1@S@James L. Pate, 54-year-old executive vice president, was named a director of this oil concern, expanding the board to 14 members.@@@@1@21@@oe@2-2-2013
20031001@unknown@formal@none@1@S@LTV Corp. said a federal bankruptcy court judge agreed to extend until March 8, 1990, the period in which the steel, aerospace and energy products company has the exclusive right to file a reorganization plan.@@@@1@35@@oe@2-2-2013
20031002@unknown@formal@none@1@S@The company is operating under Chapter 11 of the federal Bankruptcy Code, giving it court protection from creditors' lawsuits while it attempts to work out a plan to pay its debts.@@@@1@31@@oe@2-2-2013
20032001@unknown@formal@none@1@S@Italian chemical giant Montedison S.p.A., through its Montedison Acquisition N.V. indirect unit, began its $37-a-share tender offer for all the common shares outstanding of Erbamont N.V., a maker of pharmaceuticals incorporated in the Netherlands.@@@@1@34@@oe@2-2-2013
20032002@unknown@formal@none@1@S@The offer, advertised in today's editions of The Wall Street Journal, is scheduled to expire at the end of November.@@@@1@20@@oe@2-2-2013
20032003@unknown@formal@none@1@S@Montedison currently owns about 72% of Erbamont's common shares outstanding.@@@@1@10@@oe@2-2-2013
20032004@unknown@formal@none@1@S@The offer is being launched pursuant to a previously announced agreement between the companies.@@@@1@14@@oe@2-2-2013
20033001@unknown@formal@none@1@S@Japan's reserves of gold, convertible foreign currencies, and special drawing rights fell by a hefty $1.82 billion in October to $84.29 billion, the Finance Ministry said.@@@@1@26@@oe@2-2-2013
20033002@unknown@formal@none@1@S@The total marks the sixth consecutive monthly decline.@@@@1@8@@oe@2-2-2013
20033003@unknown@formal@none@1@S@The protracted downturn reflects the intensity of Bank of Japan yen-support intervention since June, when the U.S. currency temporarily surged above the 150.00 yen level.@@@@1@25@@oe@2-2-2013
20033004@unknown@formal@none@1@S@The announcement follows a sharper $2.2 billion decline in the country's foreign reserves in September to $86.12 billion.@@@@1@18@@oe@2-2-2013
20034001@unknown@formal@none@1@S@Pick a country, any country.@@@@1@5@@oe@2-2-2013
20034002@unknown@formal@none@1@S@It's the latest investment craze sweeping Wall Street: a rash of new closed-end country funds, those publicly traded portfolios that invest in stocks of a single foreign country.@@@@1@28@@oe@2-2-2013
20034003@unknown@formal@none@1@S@No fewer than 24 country funds have been launched or registered with regulators this year, triple the level of all of 1988, according to Charles E. Simon & Co., a Washington-based research firm.@@@@1@33@@oe@2-2-2013
20034004@unknown@formal@none@1@S@The turf recently has ranged from Chile to Austria to Portugal.@@@@1@11@@oe@2-2-2013
20034005@unknown@formal@none@1@S@Next week, the Philippine Fund's launch will be capped by a visit by Philippine President Corazon Aquino -- the first time a head of state has kicked off an issue at the Big Board here.@@@@1@35@@oe@2-2-2013
20034006@unknown@formal@none@1@S@The next province?@@@@1@3@@oe@2-2-2013
20034007@unknown@formal@none@1@S@"Anything's possible -- how about the New Guinea Fund?" quips George Foot, a managing partner at Newgate Management Associates of Northampton, Mass.@@@@1@22@@oe@2-2-2013
20034008@unknown@formal@none@1@S@The recent explosion of country funds mirrors the "closed-end fund mania" of the 1920s, Mr. Foot says, when narrowly focused funds grew wildly popular.@@@@1@24@@oe@2-2-2013
20034009@unknown@formal@none@1@S@They fell into oblivion after the 1929 crash.@@@@1@8@@oe@2-2-2013
20034010@unknown@formal@none@1@S@Unlike traditional open-end mutual funds, most of these one-country portfolios are the "closed-end" type, issuing a fixed number of shares that trade publicly.@@@@1@23@@oe@2-2-2013
20034011@unknown@formal@none@1@S@The surge brings to nearly 50 the number of country funds that are or soon will be listed in New York or London.@@@@1@23@@oe@2-2-2013
20034012@unknown@formal@none@1@S@These funds now account for several billions of dollars in assets.@@@@1@11@@oe@2-2-2013
20034013@unknown@formal@none@1@S@"People are looking to stake their claims" now before the number of available nations runs out, says Michael Porter, an analyst at Smith Barney, Harris Upham & Co., New York.@@@@1@30@@oe@2-2-2013
20034014@unknown@formal@none@1@S@Behind all the hoopla is some heavy-duty competition.@@@@1@8@@oe@2-2-2013
20034015@unknown@formal@none@1@S@As individual investors have turned away from the stock market over the years, securities firms have scrambled to find new products that brokers find easy to sell.@@@@1@27@@oe@2-2-2013
20034016@unknown@formal@none@1@S@And the firms are stretching their nets far and wide to do it.@@@@1@13@@oe@2-2-2013
20034017@unknown@formal@none@1@S@Financial planners often urge investors to diversify and to hold a smattering of international securities.@@@@1@15@@oe@2-2-2013
20034018@unknown@formal@none@1@S@And many emerging markets have outpaced more mature markets, such as the U.S. and Japan.@@@@1@15@@oe@2-2-2013
20034019@unknown@formal@none@1@S@Country funds offer an easy way to get a taste of foreign stocks without the hard research of seeking out individual companies.@@@@1@22@@oe@2-2-2013
20034020@unknown@formal@none@1@S@But it doesn't take much to get burned.@@@@1@8@@oe@2-2-2013
20034021@unknown@formal@none@1@S@Political and currency gyrations can whipsaw the funds.@@@@1@8@@oe@2-2-2013
20034022@unknown@formal@none@1@S@Another concern: The funds' share prices tend to swing more than the broader market.@@@@1@14@@oe@2-2-2013
20034023@unknown@formal@none@1@S@When the stock market dropped nearly 7% Oct. 13, for instance, the Mexico Fund plunged about 18% and the Spain Fund fell 16%.@@@@1@23@@oe@2-2-2013
20034024@unknown@formal@none@1@S@And most country funds were clobbered more than most stocks after the 1987 crash.@@@@1@14@@oe@2-2-2013
20034025@unknown@formal@none@1@S@What's so wild about the funds' frenzy right now is that many are trading at historically fat premiums to the value of their underlying portfolios.@@@@1@25@@oe@2-2-2013
20034026@unknown@formal@none@1@S@After trading at an average discount of more than 20% in late 1987 and part of last year, country funds currently trade at an average premium of 6%.@@@@1@28@@oe@2-2-2013
20034027@unknown@formal@none@1@S@The reason: Share prices of many of these funds this year have climbed much more sharply than the foreign stocks they hold.@@@@1@22@@oe@2-2-2013
20034028@unknown@formal@none@1@S@It's probably worth paying a premium for funds that invest in markets that are partially closed to foreign investors, such as South Korea, some specialists say.@@@@1@26@@oe@2-2-2013
20034029@unknown@formal@none@1@S@But some European funds recently have skyrocketed; Spain Fund has surged to a startling 120% premium.@@@@1@16@@oe@2-2-2013
20034030@unknown@formal@none@1@S@It has been targeted by Japanese investors as a good long-term play tied to 1992's European economic integration.@@@@1@18@@oe@2-2-2013
20034031@unknown@formal@none@1@S@And several new funds that aren't even fully invested yet have jumped to trade at big premiums.@@@@1@17@@oe@2-2-2013
20034032@unknown@formal@none@1@S@"I'm very alarmed to see these rich valuations," says Smith Barney's Mr. Porter.@@@@1@13@@oe@2-2-2013
20034033@unknown@formal@none@1@S@The newly fattened premiums reflect the increasingly global marketing of some country funds, Mr. Porter suggests.@@@@1@16@@oe@2-2-2013
20034034@unknown@formal@none@1@S@Unlike many U.S. investors, those in Asia or Europe seeking foreign-stock exposure may be less resistant to paying higher prices for country funds.@@@@1@23@@oe@2-2-2013
20034035@unknown@formal@none@1@S@"There may be an international viewpoint cast on the funds listed here," Mr. Porter says.@@@@1@15@@oe@2-2-2013
20034036@unknown@formal@none@1@S@Nonetheless, plenty of U.S. analysts and money managers are aghast at the lofty trading levels of some country funds.@@@@1@19@@oe@2-2-2013
20034037@unknown@formal@none@1@S@They argue that U.S. investors often can buy American depositary receipts on the big stocks in many funds; these so-called ADRs represent shares of foreign companies traded in the U.S.@@@@1@30@@oe@2-2-2013
20034038@unknown@formal@none@1@S@That way investors can essentially buy the funds without paying the premium.@@@@1@12@@oe@2-2-2013
20034039@unknown@formal@none@1@S@For people who insist on jumping in now to buy the funds, Newgate's Mr. Foot says: "The only advice I have for these folks is that those who come to the party late had better be ready to leave quickly.@@@@1@40@@oe@2-2-2013
20035001@unknown@formal@none@1@S@The U.S. and Soviet Union are holding technical talks about possible repayment by Moscow of $188 million in pre-Communist Russian debts owed to the U.S. government, the State Department said.@@@@1@30@@oe@2-2-2013
20035002@unknown@formal@none@1@S@If the debts are repaid, it could clear the way for Soviet bonds to be sold in the U.S.@@@@1@19@@oe@2-2-2013
20035003@unknown@formal@none@1@S@However, after two meetings with the Soviets, a State Department spokesman said that it's "too early to say" whether that will happen.@@@@1@22@@oe@2-2-2013
20035004@unknown@formal@none@1@S@Coincident with the talks, the State Department said it has permitted a Soviet bank to open a New York branch.@@@@1@20@@oe@2-2-2013
20035005@unknown@formal@none@1@S@The branch of the Bank for Foreign Economic Affairs was approved last spring and opened in July.@@@@1@17@@oe@2-2-2013
20035006@unknown@formal@none@1@S@But a Soviet bank here would be crippled unless Moscow found a way to settle the $188 million debt, which was lent to the country's short-lived democratic Kerensky government before the Communists seized power in 1917.@@@@1@36@@oe@2-2-2013
20035007@unknown@formal@none@1@S@Under a 1934 law, the Johnson Debt Default Act, as amended, it's illegal for Americans to extend credit to countries in default to the U.S. government, unless they are members of the World Bank and International Monetary Fund.@@@@1@38@@oe@2-2-2013
20035008@unknown@formal@none@1@S@The U.S.S.R. belongs to neither organization.@@@@1@6@@oe@2-2-2013
20035009@unknown@formal@none@1@S@Moscow has settled pre-1917 debts with other countries in recent years at less than face value.@@@@1@16@@oe@2-2-2013
20035010@unknown@formal@none@1@S@The State Department stressed the pre-1933 debts as the key to satisfying the Johnson Act.@@@@1@15@@oe@2-2-2013
20035011@unknown@formal@none@1@S@But the Soviets might still face legal obstacles to raising money in the U.S. until they settle hundreds of millions of dollars in additional debt still outstanding from the World War II lend-lease program.@@@@1@34@@oe@2-2-2013
20036001@unknown@formal@none@1@S@In another reflection that the growth of the economy is leveling off, the government said that orders for manufactured goods and spending on construction failed to rise in September.@@@@1@29@@oe@2-2-2013
20036002@unknown@formal@none@1@S@Meanwhile, the National Association of Purchasing Management said its latest survey indicated that the manufacturing economy contracted in October for the sixth consecutive month.@@@@1@24@@oe@2-2-2013
20036003@unknown@formal@none@1@S@Its index inched up to 47.6% in October from 46% in September.@@@@1@12@@oe@2-2-2013
20036004@unknown@formal@none@1@S@Any reading below 50% suggests the manufacturing sector is generally declining.@@@@1@11@@oe@2-2-2013
20036005@unknown@formal@none@1@S@The purchasing managers, however, also said that orders turned up in October after four months of decline.@@@@1@17@@oe@2-2-2013
20036006@unknown@formal@none@1@S@Factories booked $236.74 billion in orders in September, nearly the same as the $236.79 billion in August, the Commerce Department said.@@@@1@21@@oe@2-2-2013
20036007@unknown@formal@none@1@S@If not for a 59.6% surge in orders for capital goods by defense contractors, factory orders would have fallen 2.1%.@@@@1@20@@oe@2-2-2013
20036008@unknown@formal@none@1@S@In a separate report, the department said construction spending ran at an annual rate of $415.6 billion, not significantly different from the $415.8 billion reported for August.@@@@1@27@@oe@2-2-2013
20036009@unknown@formal@none@1@S@Private construction spending was down, but government building activity was up.@@@@1@11@@oe@2-2-2013
20036010@unknown@formal@none@1@S@The figures in both reports were adjusted to remove the effects of usual seasonal patterns, but weren't adjusted for inflation.@@@@1@20@@oe@2-2-2013
20036011@unknown@formal@none@1@S@Kenneth Mayland, economist for Society Corp., a Cleveland bank, said demand for exports of factory goods is beginning to taper off.@@@@1@21@@oe@2-2-2013
20036012@unknown@formal@none@1@S@At the same time, the drop in interest rates since the spring has failed to revive the residential construction industry.@@@@1@20@@oe@2-2-2013
20036013@unknown@formal@none@1@S@"What sector is stepping forward to pick up the slack?" he asked.@@@@1@12@@oe@2-2-2013
20036014@unknown@formal@none@1@S@"I draw a blank."@@@@1@4@@oe@2-2-2013
20036015@unknown@formal@none@1@S@By most measures, the nation's industrial sector is now growing very slowly -- if at all.@@@@1@16@@oe@2-2-2013
20036016@unknown@formal@none@1@S@Factory payrolls fell in September.@@@@1@5@@oe@2-2-2013
20036017@unknown@formal@none@1@S@So did the Federal Reserve Board's industrial-production index.@@@@1@8@@oe@2-2-2013
20036018@unknown@formal@none@1@S@Yet many economists aren't predicting that the economy is about to slip into recession.@@@@1@14@@oe@2-2-2013
20036019@unknown@formal@none@1@S@They cite a lack of "imbalances" that provide early warning signals of a downturn.@@@@1@14@@oe@2-2-2013
20036020@unknown@formal@none@1@S@Inventories are closely watched for such clues, for instance.@@@@1@9@@oe@2-2-2013
20036021@unknown@formal@none@1@S@Economists say a buildup in inventories can provoke cutbacks in production that can lead to a recession.@@@@1@17@@oe@2-2-2013
20036022@unknown@formal@none@1@S@But yesterday's factory orders report had good news on that front: it said factory inventories fell 0.1% in September, the first decline since February 1987.@@@@1@25@@oe@2-2-2013
20036023@unknown@formal@none@1@S@"This conforms to the `soft landing' scenario," said Elliott Platt, an economist at Donaldson, Lufkin & Jenrette Securities Corp.@@@@1@19@@oe@2-2-2013
20036024@unknown@formal@none@1@S@"I don't see any signs that inventories are excessive."@@@@1@9@@oe@2-2-2013
20036025@unknown@formal@none@1@S@A soft landing is an economic slowdown that eases inflation without leading to a recession.@@@@1@15@@oe@2-2-2013
20036026@unknown@formal@none@1@S@The department said orders for nondurable goods -- those intended to last fewer than three years -- fell 0.3% in September to $109.73 billion after climbing 0.9% the month before.@@@@1@30@@oe@2-2-2013
20036027@unknown@formal@none@1@S@Orders for durable goods were up 0.2% to $127.03 billion after rising 3.9% the month before.@@@@1@16@@oe@2-2-2013
20036028@unknown@formal@none@1@S@The department previously estimated that durable-goods orders fell 0.1% in September.@@@@1@11@@oe@2-2-2013
20036029@unknown@formal@none@1@S@Factory shipments fell 1.6% to $234.4 billion after rising 5.4% in August.@@@@1@12@@oe@2-2-2013
20036030@unknown@formal@none@1@S@Shipments have been relatively level since January, the Commerce Department noted.@@@@1@11@@oe@2-2-2013
20036031@unknown@formal@none@1@S@Manufacturers' backlogs of unfilled orders rose 0.5% in September to $497.34 billion, helped by strength in the defense capital goods sector.@@@@1@21@@oe@2-2-2013
20036032@unknown@formal@none@1@S@Excluding these orders, backlogs declined 0.3%.@@@@1@6@@oe@2-2-2013
20036033@unknown@formal@none@1@S@In its construction spending report, the Commerce Department said residential construction, which accounts for nearly half of all construction spending, was off 0.9% in September to an annual rate of $191.9 billion.@@@@1@32@@oe@2-2-2013
20036034@unknown@formal@none@1@S@David Berson, economist for the Mortgage Bankers Association, predicted the drop in interest rates eventually will boost spending on single-family homes, but probably not until early next year.@@@@1@28@@oe@2-2-2013
20036035@unknown@formal@none@1@S@Spending on private, nonresidential construction was off 2.6% to an annual rate of $99.1 billion with no sector showing strength.@@@@1@20@@oe@2-2-2013
20036036@unknown@formal@none@1@S@Government construction spending rose 4.3% to $88 billion.@@@@1@8@@oe@2-2-2013
20036037@unknown@formal@none@1@S@After adjusting for inflation, the Commerce Department said construction spending didn't change in September.@@@@1@14@@oe@2-2-2013
20036038@unknown@formal@none@1@S@For the first nine months of the year, total construction spending ran about 2% above last year's level.@@@@1@18@@oe@2-2-2013
20036039@unknown@formal@none@1@S@The government's construction spending figures contrast with a report issued earlier in the week by McGraw-Hill Inc.'s F.W. Dodge Group.@@@@1@20@@oe@2-2-2013
20036040@unknown@formal@none@1@S@Dodge reported an 8% increase in construction contracts awarded in September.@@@@1@11@@oe@2-2-2013
20036041@unknown@formal@none@1@S@The goverment counts money as it is spent; Dodge counts contracts when they are awarded.@@@@1@15@@oe@2-2-2013
20036042@unknown@formal@none@1@S@The government includes money spent on residential renovation; Dodge doesn't.@@@@1@10@@oe@2-2-2013
20036043@unknown@formal@none@1@S@Although the purchasing managers' index continues to indicate a slowing economy, it isn't signaling an imminent recession, said Robert Bretz, chairman of the association's survey committee and director of materials management at Pitney Bowes Inc., Stamford, Conn.@@@@1@37@@oe@2-2-2013
20036044@unknown@formal@none@1@S@He said the index would have to be in the low 40% range for several months to be considered a forecast of recession.@@@@1@23@@oe@2-2-2013
20036045@unknown@formal@none@1@S@The report offered new evidence that the nation's export growth, though still continuing, may be slowing.@@@@1@16@@oe@2-2-2013
20036046@unknown@formal@none@1@S@Only 19% of the purchasing managers reported better export orders in October, down from 27% in September.@@@@1@17@@oe@2-2-2013
20036047@unknown@formal@none@1@S@And 8% said export orders were down last month, compared with 6% the month before.@@@@1@15@@oe@2-2-2013
20036048@unknown@formal@none@1@S@The purhasing managers' report also added evidence that inflation is under control.@@@@1@12@@oe@2-2-2013
20036049@unknown@formal@none@1@S@For the fifth consecutive month, purchasing managers said prices for the goods they purchased fell.@@@@1@15@@oe@2-2-2013
20036050@unknown@formal@none@1@S@The decline was even steeper than in September.@@@@1@8@@oe@2-2-2013
20036051@unknown@formal@none@1@S@They also said that vendors were delivering goods more quickly in October than they had for each of the five previous months.@@@@1@22@@oe@2-2-2013
20036052@unknown@formal@none@1@S@Economists consider that a sign that inflationary pressures are abating.@@@@1@10@@oe@2-2-2013
20036053@unknown@formal@none@1@S@When demand is stronger than suppliers can handle and delivery times lengthen, prices tend to rise.@@@@1@16@@oe@2-2-2013
20036054@unknown@formal@none@1@S@The purchasing managers' report is based on data provided by more than 250 purchasing executives.@@@@1@15@@oe@2-2-2013
20036055@unknown@formal@none@1@S@Each of the survey's indicators gauges the difference between the number of purchasers reporting improvement in a particular area and the number reporting a worsening.@@@@1@25@@oe@2-2-2013
20036056@unknown@formal@none@1@S@For the first time, the October survey polled members on imports.@@@@1@11@@oe@2-2-2013
20036057@unknown@formal@none@1@S@It found that of the 73% who import, 10% said they imported more in October and 12% said they imported less than the previous month.@@@@1@25@@oe@2-2-2013
20036058@unknown@formal@none@1@S@While acknowledging one month's figures don't prove a trend, Mr. Bretz said, "It does lead you to suspect imports are going down, or at least not increasing that much."@@@@1@29@@oe@2-2-2013
20036059@unknown@formal@none@1@S@Items listed as being in short supply numbered only about a dozen, but they included one newcomer: milk and milk powder.@@@@1@21@@oe@2-2-2013
20036060@unknown@formal@none@1@S@"It's an odd thing to put on the list," Mr. Bretz noted.@@@@1@12@@oe@2-2-2013
20036061@unknown@formal@none@1@S@He said that for the second month in a row, food processors reported a shortage of nonfat dry milk.@@@@1@19@@oe@2-2-2013
20036062@unknown@formal@none@1@S@They blamed increased demand for dairy products at a time of exceptionally high U.S. exports of dry milk, coupled with very low import quotas.@@@@1@24@@oe@2-2-2013
20036063@unknown@formal@none@1@S@Pamela Sebastian in New York contributed to this article.@@@@1@9@@oe@2-2-2013
20036064@unknown@formal@none@1@S@Here are the Commerce Department's figures for construction spending in billions of dollars at seasonally adjusted annual rates.@@@@1@18@@oe@2-2-2013
20036065@unknown@formal@none@1@S@Here are the Commerce Department's latest figures for manufacturers in billions of dollars, seasonally adjusted.@@@@1@15@@oe@2-2-2013
20037001@unknown@formal@none@1@S@Judging from the Americana in Haruki Murakami's "A Wild Sheep Chase" (Kodansha, 320 pages, $18.95), baby boomers on both sides of the Pacific have a lot in common.@@@@1@28@@oe@2-2-2013
20037002@unknown@formal@none@1@S@Although set in Japan, the novel's texture is almost entirely Western, especially American.@@@@1@13@@oe@2-2-2013
20037003@unknown@formal@none@1@S@Characters drink Salty Dogs, whistle "Johnny B. Goode" and watch Bugs Bunny reruns.@@@@1@13@@oe@2-2-2013
20037004@unknown@formal@none@1@S@They read Mickey Spillane and talk about Groucho and Harpo.@@@@1@10@@oe@2-2-2013
20037005@unknown@formal@none@1@S@They worry about their careers, drink too much and suffer through broken marriages and desultory affairs.@@@@1@16@@oe@2-2-2013
20037006@unknown@formal@none@1@S@This is Japan?@@@@1@3@@oe@2-2-2013
20037007@unknown@formal@none@1@S@For an American reader, part of the charm of this engaging novel should come in recognizing that Japan isn't the buttoned-down society of contemporary American lore.@@@@1@26@@oe@2-2-2013
20037008@unknown@formal@none@1@S@It's also refreshing to read a Japanese author who clearly doesn't belong to the self-aggrandizing "we-Japanese" school of writers who perpetuate the notion of the unique Japanese, unfathomable by outsiders.@@@@1@30@@oe@2-2-2013
20037009@unknown@formal@none@1@S@If "A Wild Sheep Chase" carries an implicit message for international relations, it's that the Japanese are more like us than most of us think.@@@@1@25@@oe@2-2-2013
20037010@unknown@formal@none@1@S@That's not to say that the nutty plot of "A Wild Sheep Chase" is rooted in reality.@@@@1@17@@oe@2-2-2013
20037011@unknown@formal@none@1@S@It's imaginative and often funny.@@@@1@5@@oe@2-2-2013
20037012@unknown@formal@none@1@S@A disaffected, hard-drinking, nearly-30 hero sets off for snow country in search of an elusive sheep with a star on its back at the behest of a sinister, erudite mobster with a Stanford degree.@@@@1@34@@oe@2-2-2013
20037013@unknown@formal@none@1@S@He has in tow his prescient girlfriend, whose sassy retorts mark her as anything but a docile butterfly.@@@@1@18@@oe@2-2-2013
20037014@unknown@formal@none@1@S@Along the way, he meets a solicitous Christian chauffeur who offers the hero God's phone number; and the Sheep Man, a sweet, roughhewn figure who wears -- what else -- a sheepskin.@@@@1@32@@oe@2-2-2013
20037015@unknown@formal@none@1@S@The 40-year-old Mr. Murakami is a publishing sensation in Japan.@@@@1@10@@oe@2-2-2013
20037016@unknown@formal@none@1@S@A more recent novel, "Norwegian Wood" (every Japanese under 40 seems to be fluent in Beatles lyrics), has sold more than four million copies since Kodansha published it in 1987.@@@@1@30@@oe@2-2-2013
20037017@unknown@formal@none@1@S@But he is just one of several youthful writers -- Tokyo's brat pack -- who are dominating the best-seller charts in Japan.@@@@1@22@@oe@2-2-2013
20037018@unknown@formal@none@1@S@Their books are written in idiomatic, contemporary language and usually carry hefty dashes of Americana.@@@@1@15@@oe@2-2-2013
20037019@unknown@formal@none@1@S@In Robert Whiting's "You Gotta Have Wa" (Macmillan, 339 pages, $17.95), the Beatles give way to baseball, in the Nipponese version we would be hard put to call a "game."@@@@1@30@@oe@2-2-2013
20037020@unknown@formal@none@1@S@As Mr. Whiting describes it, Nipponese baseball is a "mirror of Japan's fabled virtues of hard work and harmony."@@@@1@19@@oe@2-2-2013
20037021@unknown@formal@none@1@S@"Wa" is Japanese for "team spirit" and Japanese ballplayers have miles and miles of it.@@@@1@15@@oe@2-2-2013
20037022@unknown@formal@none@1@S@A player's commitment to practice and team image is as important as his batting average.@@@@1@15@@oe@2-2-2013
20037023@unknown@formal@none@1@S@Polls once named Tokyo Giants star Tatsunori Hara, a "humble, uncomplaining, obedient soul," as the male symbol of Japan.@@@@1@19@@oe@2-2-2013
20037024@unknown@formal@none@1@S@But other than the fact that besuboru is played with a ball and a bat, it's unrecognizable: Fans politely return foul balls to stadium ushers; the strike zone expands depending on the size of the hitter; ties are permitted -- even welcomed -- since they honorably sidestep the shame of defeat; players must abide by strict rules of conduct even in their personal lives -- players for the Tokyo Giants, for example, must always wear ties when on the road.@@@@1@80@@oe@2-2-2013
20037025@unknown@formal@none@1@S@"You Gotta Have Wa" is the often amusing chronicle of how American ballplayers, rationed to two per team, fare in Japan.@@@@1@21@@oe@2-2-2013
20037026@unknown@formal@none@1@S@Despite the enormous sums of money they're paid to stand up at a Japanese plate, a good number decide it's not worth it and run for home.@@@@1@27@@oe@2-2-2013
20037027@unknown@formal@none@1@S@"Funny Business" (Soho, 228 pages, $17.95) by Gary Katzenstein is anything but.@@@@1@12@@oe@2-2-2013
20037028@unknown@formal@none@1@S@It's the petulant complaint of an impudent American whom Sony hosted for a year while he was on a Luce Fellowship in Tokyo -- to the regret of both parties.@@@@1@30@@oe@2-2-2013
20037029@unknown@formal@none@1@S@In sometimes amusing, more often supercilious, even vicious passages, Mr. Katzenstein describes how Sony invades even the most mundane aspects of its workers' lives -- at the regimented office, where employees are assigned lunch partners -- and at "home" in the austere company dormitory run by a prying caretaker.@@@@1@49@@oe@2-2-2013
20037030@unknown@formal@none@1@S@Some of his observations about Japanese management style are on the mark.@@@@1@12@@oe@2-2-2013
20037031@unknown@formal@none@1@S@It's probably true that many salarymen put in unproductive overtime just for the sake of solidarity, that the system is so hierarchical that only the assistant manager can talk to the manager and the manager to the general manager, and that Sony was chary of letting a young, short-term American employee take on any responsibility.@@@@1@55@@oe@2-2-2013
20037032@unknown@formal@none@1@S@All of this must have been enormously frustrating to Mr. Katzenstein, who went to Sony with degrees in business and computer science and was raring to invent another Walkman.@@@@1@29@@oe@2-2-2013
20037033@unknown@formal@none@1@S@But Sony ultimately took a lesson from the American management books and fired Mr. Katzenstein, after he committed the social crime of making an appointment to see the venerable Akio Morita, founder of Sony.@@@@1@34@@oe@2-2-2013
20037034@unknown@formal@none@1@S@It's a shame their meeting never took place.@@@@1@8@@oe@2-2-2013
20037035@unknown@formal@none@1@S@Mr. Katzenstein certainly would have learned something, and it's even possible Mr. Morita would have too.@@@@1@16@@oe@2-2-2013
20037036@unknown@formal@none@1@S@Ms. Kirkpatrick, the Journal's deputy editorial features editor, worked in Tokyo for three years.@@@@1@14@@oe@2-2-2013
20037037@unknown@formal@none@1@S@More and more corners of the globe are becoming free of tobacco smoke.@@@@1@13@@oe@2-2-2013
20037038@unknown@formal@none@1@S@In Singapore, a new law requires smokers to put out their cigarettes before entering restaurants, department stores and sports centers or face a $250 fine.@@@@1@25@@oe@2-2-2013
20037039@unknown@formal@none@1@S@Discos and private clubs are exempt from the ban, and smoking will be permitted in bars except during meal hours, an official said.@@@@1@23@@oe@2-2-2013
20037040@unknown@formal@none@1@S@Singapore already bans smoking in all theaters, buses, public elevators, hospitals and fast-food restaurants.@@@@1@14@@oe@2-2-2013
20037041@unknown@formal@none@1@S@In Malaysia, Siti Zaharah Sulaiman, a deputy minister in the prime minister's office, launched a "No-Smoking Week" at the Mara Institute of Technology near Kuala Lumpur and urged other schools to ban on-campus smoking.@@@@1@34@@oe@2-2-2013
20037042@unknown@formal@none@1@S@South Korea has different concerns.@@@@1@5@@oe@2-2-2013
20037043@unknown@formal@none@1@S@In Seoul, officials began visiting about 26,000 cigarette stalls to remove illegal posters and signboards advertising imported cigarettes.@@@@1@18@@oe@2-2-2013
20037044@unknown@formal@none@1@S@South Korea has opened its market to foreign cigarettes but restricts advertising to designated places.@@@@1@15@@oe@2-2-2013
20037045@unknown@formal@none@1@S@A marketing study indicates that Hong Kong consumers are the most materialistic in the 14 major markets where the survey was carried out.@@@@1@23@@oe@2-2-2013
20037046@unknown@formal@none@1@S@The study by the Backer Spielvogel Bates ad agency also found that the colony's consumers feel more pressured than those in any of the other surveyed markets, which include the U.S. and Japan.@@@@1@33@@oe@2-2-2013
20037047@unknown@formal@none@1@S@The survey found that nearly half of Hong Kong consumers espouse what it identified as materialistic values, compared with about one-third in Japan and the U.S.@@@@1@26@@oe@2-2-2013
20037048@unknown@formal@none@1@S@More than three in five said they are under a great deal of stress most of the time, compared with less than one in two U.S. consumers and one in four in Japan.@@@@1@33@@oe@2-2-2013
20037049@unknown@formal@none@1@S@The Thai cabinet endorsed Finance Minister Pramual Sabhavasu's proposal to build a $19 million conference center for a joint meeting of the World Bank and International Monetary Fund two years from now.@@@@1@32@@oe@2-2-2013
20037050@unknown@formal@none@1@S@The meeting, which is expected to draw 20,000 to Bangkok, was going to be held at the Central Plaza Hotel, but the government balked at the hotel's conditions for undertaking necessary expansion.@@@@1@32@@oe@2-2-2013
20037051@unknown@formal@none@1@S@A major concern about the current plan is whether the new center can be built in such a short time.@@@@1@20@@oe@2-2-2013
20037052@unknown@formal@none@1@S@Yasser Arafat has written to the chairman of the International Olympic Committee asking him to back a Palestinian bid to join the committee, the Palestine Liberation Organization news agency WAFA said.@@@@1@31@@oe@2-2-2013
20037053@unknown@formal@none@1@S@An official of the Palestinian Olympic Committee said the committee first applied for membership in 1979 and renewed its application in August of this year.@@@@1@25@@oe@2-2-2013
20037054@unknown@formal@none@1@S@The PLO in recent months has been trying to join international organizations but failed earlier this year to win membership in the World Health Organization and the World Tourism Organization.@@@@1@30@@oe@2-2-2013
20037055@unknown@formal@none@1@S@A Beijing food-shop assistant has become the first mainland Chinese to get AIDS through sex, the People's Daily said.@@@@1@19@@oe@2-2-2013
20037056@unknown@formal@none@1@S@It said the man, whom it did not name, had been found to have the disease after hospital tests.@@@@1@19@@oe@2-2-2013
20037057@unknown@formal@none@1@S@Once the disease was confirmed, all the man's associates and family were tested, but none have so far been found to have AIDS, the newspaper said.@@@@1@26@@oe@2-2-2013
20037058@unknown@formal@none@1@S@The man had for a long time had "a chaotic sex life," including relations with foreign men, the newspaper said.@@@@1@20@@oe@2-2-2013
20037059@unknown@formal@none@1@S@The Polish government increased home electricity charges by 150% and doubled gas prices.@@@@1@13@@oe@2-2-2013
20037060@unknown@formal@none@1@S@The official news agency PAP said the increases were intended to bring unrealistically low energy charges into line with production costs and compensate for a rise in coal prices.@@@@1@29@@oe@2-2-2013
20037061@unknown@formal@none@1@S@In happier news, South Korea, in establishing diplomatic ties with Poland yesterday, announced $450 million in loans to the financially strapped Warsaw government.@@@@1@23@@oe@2-2-2013
20037062@unknown@formal@none@1@S@In a victory for environmentalists, Hungary's parliament terminated a multibillion-dollar River Danube dam being built by Austrian firms.@@@@1@18@@oe@2-2-2013
20037063@unknown@formal@none@1@S@The Nagymaros dam was designed to be twinned with another dam, now nearly complete, 100 miles upstream in Czechoslovakia.@@@@1@19@@oe@2-2-2013
20037064@unknown@formal@none@1@S@In ending Hungary's part of the project, Parliament authorized Prime Minister Miklos Nemeth to modify a 1977 agreement with Czechoslovakia, which still wants the dam to be built.@@@@1@28@@oe@2-2-2013
20037065@unknown@formal@none@1@S@Mr. Nemeth said in parliament that Czechoslovakia and Hungary would suffer environmental damage if the twin dams were built as planned.@@@@1@21@@oe@2-2-2013
20037066@unknown@formal@none@1@S@Czechoslovakia said in May it could seek $2 billion from Hungary if the twindam contract were broken.@@@@1@17@@oe@2-2-2013