20476033@unknown@formal@none@1@S@Fees 1 3/4.@@@@1@3@@oe@2-2-2013
20477001@unknown@formal@none@1@S@West German insurance giant Allianz AG entered the takeover battle between France's Cie. Financiere de Paribas and Cie. de Navigation Mixte.@@@@1@21@@oe@2-2-2013
20477002@unknown@formal@none@1@S@Allianz said it won French government approval to buy as much as one-third of Navigation Mixte, a diversified financial, transport and food holding company.@@@@1@24@@oe@2-2-2013
20477003@unknown@formal@none@1@S@The move comes a week after Paribas announced that it was preparing to bid for 66.7% control of Navigation Mixte.@@@@1@20@@oe@2-2-2013
20477004@unknown@formal@none@1@S@Munich-based Allianz's brief explanatory statement said it is acting to protect its own interests as a shareholder of Navigation Mixte.@@@@1@20@@oe@2-2-2013
20477005@unknown@formal@none@1@S@That would be a blow to both Paribas and Navigation Mixte.@@@@1@11@@oe@2-2-2013
20477006@unknown@formal@none@1@S@Each had claimed Allianz, Europe's largest insurance company, as a tacit ally.@@@@1@12@@oe@2-2-2013
20477007@unknown@formal@none@1@S@The Allianz statement also reinforced the belief that the takeover battle could be a long one.@@@@1@16@@oe@2-2-2013
20477008@unknown@formal@none@1@S@It led to broad market speculation that Paribas now will sweeten its bid, which is expected to be formally launched later this week, after approval from French government regulators.@@@@1@29@@oe@2-2-2013
20477009@unknown@formal@none@1@S@Allianz's entry reflects the increasing eagerness of West German companies, looking ahead to the reduction in European Community internal barriers in 1992, to get involved in what until now were considered internal French affairs.@@@@1@34@@oe@2-2-2013
20477010@unknown@formal@none@1@S@Deutsche Bank, Dresdner Bank and Commerzbank all also have expressed eagerness to expand in France before 1992.@@@@1@17@@oe@2-2-2013
20477011@unknown@formal@none@1@S@Dresdner Bank this month moved to acquire Banque Internationale des Placements, a small French merchant bank that Deutsche Bank had looked at and passed over.@@@@1@25@@oe@2-2-2013
20477012@unknown@formal@none@1@S@Commerzbank had hoped to buy a stake in Credit Lyonnais, until the Socialists returned to government last year and canceled plans to privatize the large French bank.@@@@1@27@@oe@2-2-2013
20477013@unknown@formal@none@1@S@Deutsche Bank has actively sought a French acquisition for at least two years.@@@@1@13@@oe@2-2-2013
20477014@unknown@formal@none@1@S@Lately, analysts say, Deutsche Bank has shocked some in the French financial community by indicating it wants a strong bank with a large number of branches.@@@@1@26@@oe@2-2-2013
20477015@unknown@formal@none@1@S@"We are still looking," said a Deutsche Bank spokesman.@@@@1@9@@oe@2-2-2013
20477016@unknown@formal@none@1@S@"The banks we think would fit into our concept are either government-owned or not for sale, though Deutsche Bank would be able to pay a good price."@@@@1@27@@oe@2-2-2013
20477017@unknown@formal@none@1@S@While Allianz officials weren't willing to comment in any detail on their plans, they said Allianz currently holds between 5% and 10% of Navigation Mixte, an apparent increase from the 5% stake that Navigation Mixte officials had earlier announced.@@@@1@39@@oe@2-2-2013
20477018@unknown@formal@none@1@S@Paris market sources said they believed Allianz was buying yesterday morning, and Navigation Mixte moved up 108 francs ($17.19) to close at 1,908 francs in heavy trading.@@@@1@27@@oe@2-2-2013
20477019@unknown@formal@none@1@S@It was the first day of trading following the suspension of Navigation Mixte shares last Monday, when Paribas announced its plan to pay 1,850 francs for each Navigation Mixte share.@@@@1@30@@oe@2-2-2013
20477020@unknown@formal@none@1@S@Allianz also holds a 50% stake in Navigation Mixte's insurance subsidiary, one of France's largest insurance groups, which it bought for about 6.5 billion francs just before Paribas launched its bid.@@@@1@31@@oe@2-2-2013
20477021@unknown@formal@none@1@S@Navigation Mixte holds the remaining 50%.@@@@1@6@@oe@2-2-2013
20477022@unknown@formal@none@1@S@Allianz said in its statement that it was acting to protect that interest, which ties it to Navigation Mixte as a partner.@@@@1@22@@oe@2-2-2013
20477023@unknown@formal@none@1@S@Allianz's statement stressed the company's previously announced position that Paribas's offer price is too low.@@@@1@15@@oe@2-2-2013
20477024@unknown@formal@none@1@S@Allianz also suggested, without saying so directly, that it regrets that Paribas isn't bidding for all of Navigation Mixte's shares.@@@@1@20@@oe@2-2-2013
20477025@unknown@formal@none@1@S@The problem here, analysts say, is that if Paribas wins its 66.7%, remaining Navigation Mixte shares will fall in value.@@@@1@20@@oe@2-2-2013
20477026@unknown@formal@none@1@S@That displeases many current holders, such as Allianz, which couldn't be sure of selling all their shares if they tendered to Paribas.@@@@1@22@@oe@2-2-2013
20477027@unknown@formal@none@1@S@The Allianz statement led to speculation that Allianz eventually could sell to Paribas.@@@@1@13@@oe@2-2-2013
20477028@unknown@formal@none@1@S@That would be bad news for Navigation Mixte's current management, which was counting on Allianz to help fend off Paribas.@@@@1@20@@oe@2-2-2013
20477029@unknown@formal@none@1@S@Allianz didn't say whom, if anyone, it will support.@@@@1@9@@oe@2-2-2013
20477030@unknown@formal@none@1@S@It said simply that it will boost its Navigation Mixte stake as it sees fit over the coming days to protect itself, as long as it has French regulatory officials' approval.@@@@1@31@@oe@2-2-2013
20477031@unknown@formal@none@1@S@Paribas currently intends to offer 1,850 francs a share for Navigation Mixte shares that receive full dividends this year.@@@@1@19@@oe@2-2-2013
20477032@unknown@formal@none@1@S@It is to offer 1,800 francs for shares created on July 1, which receive partial dividends.@@@@1@16@@oe@2-2-2013
20477033@unknown@formal@none@1@S@Alternatively, it would offer to swap three Paribas shares for one Navigation Mixte share.@@@@1@14@@oe@2-2-2013
20477034@unknown@formal@none@1@S@Paribas already holds about 18.7% of Navigation Mixte, and the acquisition of the additional 48% would cost it about 11 billion francs under its current bid.@@@@1@26@@oe@2-2-2013
20477035@unknown@formal@none@1@S@The bid values Navigation Mixte at around 23 billion francs, depending on how many holders of Navigation Mixte warrants exchange them for shares before the bid expires.@@@@1@27@@oe@2-2-2013
20478001@unknown@formal@none@1@S@Penn Central Corp., Cincinnati, said it agreed in principle to acquire Noranda Inc.'s Carol Cable Co. unit for $177 million.@@@@1@20@@oe@2-2-2013
20478002@unknown@formal@none@1@S@The company said Carol Cable, based in Pawtucket, R.I., is a leading supplier of electrical and electronic wire and cable for the distributor, retail and original equipment manufacturer markets.@@@@1@29@@oe@2-2-2013
20478003@unknown@formal@none@1@S@Carol Cable, which operates 12 manufacturing plants, had operating profit of $11.7 million on sales of $153.3 million for the first six months of this year and operating profit of $25.6 million on sales of $294.6 million for all of 1988.@@@@1@41@@oe@2-2-2013
20478004@unknown@formal@none@1@S@The maker of telecommunications and defense equipment said Carol Cable's portfolio and market focus would complement the company's current wire and cable businesses.@@@@1@23@@oe@2-2-2013
20478005@unknown@formal@none@1@S@The plan is subject to a satisfactory due diligence investigation of Carol Cable by Penn Central, a definitive agreement and regulatory approvals.@@@@1@22@@oe@2-2-2013
20479001@unknown@formal@none@1@S@Fletcher Challenge Ltd. said its Petrocorp unit agreed to acquire certain Alberta oil and gas interests from Amoco Corp.'s Canadian unit, for about 130 million Canadian dollars (US$110.6 million).@@@@1@29@@oe@2-2-2013
20479002@unknown@formal@none@1@S@Fletcher Challenge, a big New Zealand-based forest products concern with forestry operations in Canada, said the assets include stakes in four natural gas fields and one oil field near Provost, Alberta, plus gas processing facilities and about 247,000 acres of undeveloped land.@@@@1@42@@oe@2-2-2013
20479003@unknown@formal@none@1@S@The proposed purchase requires approval from Investment Canada, which monitors large foreign investments in Canada.@@@@1@15@@oe@2-2-2013
20479004@unknown@formal@none@1@S@Amoco Canada Petroleum Co., which operates the major properties included in the asset package, said the sale is part of a plan to streamline its assets.@@@@1@26@@oe@2-2-2013
20479005@unknown@formal@none@1@S@Petrocorp, a New Zealand-based oil and gas producer, said the planned purchase would be its first oil and gas acquisition outside its home country, and would form the basis for a new stand-alone exploration and production unit in Canada.@@@@1@39@@oe@2-2-2013
20480001@unknown@formal@none@1@S@MiniScribe Corp., Longmont, Colo., said it introduced a one-inch high, 80-megabyte hard disk drive that it hopes will prove popular with makers of high-performance laptop and portable computers.@@@@1@28@@oe@2-2-2013
20480002@unknown@formal@none@1@S@The troubled disk drive maker aims with the new 3 1/2-inch disks to revive its reputation and sales growth.@@@@1@19@@oe@2-2-2013
20480003@unknown@formal@none@1@S@MiniScribe said the disk drives have more memory capacity than other disks that size.@@@@1@14@@oe@2-2-2013
20480004@unknown@formal@none@1@S@MiniScribe said it expects to begin full volume production of the drives in the U.S. and Singapore in the first quarter next year.@@@@1@23@@oe@2-2-2013
20480005@unknown@formal@none@1@S@A drive with 120 megabytes of capacity is scheduled for release during the third quarter of 1990.@@@@1@17@@oe@2-2-2013
20480006@unknown@formal@none@1@S@MiniScribe has been on the rocks since it disclosed early this year that its earnings reports for 1988 weren't accurate.@@@@1@20@@oe@2-2-2013
20480007@unknown@formal@none@1@S@After an internal investigation, the company found that senior officials used a variety of schemes to fabricate sales gains, including counting shipments of bricks and defective drives as sales.@@@@1@29@@oe@2-2-2013
20481001@unknown@formal@none@1@S@The New York Times Co. said it reached a settlement with independent home delivery dealers in the metropolitan New York area that will free the newspaper to expand home delivery circulation.@@@@1@31@@oe@2-2-2013
20481002@unknown@formal@none@1@S@The settlement stemmed from a lawsuit the dealers filed in 1982 when the Times began its own competing direct delivery service.@@@@1@21@@oe@2-2-2013
20481003@unknown@formal@none@1@S@The pact calls for the Times to pay dealers $3.6 million over six years, as well as other payments in the form of subsidies over three years, based on the number of "new customers started by the dealers and on pricing structures," the Times said.@@@@1@45@@oe@2-2-2013
20481004@unknown@formal@none@1@S@The amount of the settlement will be taken as a charge against earnings in the fourth quarter.@@@@1@17@@oe@2-2-2013
20481005@unknown@formal@none@1@S@The settlement, which involves most of the 300 independent newspaper dealers in the New York area, will allow the Times to freely operate its own direct home delivery system.@@@@1@29@@oe@2-2-2013
20481006@unknown@formal@none@1@S@Home delivery is the fastest growing segment of the Times's 1.1 million daily circulation.@@@@1@14@@oe@2-2-2013
20481007@unknown@formal@none@1@S@Currently, about 60% of home delivery subscribers in the New York area receive the paper directly from the Times.@@@@1@19@@oe@2-2-2013
20482001@unknown@formal@none@1@S@Mercury Savings & Loan Association, Huntington Beach, Calif., reported a third-quarter loss of $3.9 million, or 61 cents a share, compared with net income of $1.4 million, or 22 cents a share, in the year-earlier quarter.@@@@1@36@@oe@2-2-2013
20482002@unknown@formal@none@1@S@Mercury attributed the loss to rapid prepayments of loans and costs incurred in refinancing many house loans this past spring and summer, when interest rates dipped.@@@@1@26@@oe@2-2-2013
20482003@unknown@formal@none@1@S@The thrift hired an investment banker earlier this month to advise it regarding a possible sale or merger.@@@@1@18@@oe@2-2-2013
20482004@unknown@formal@none@1@S@Mercury also is shrinking itself, part of its plan to change its emphasis from buying mortgage loans from mortgage brokers to making loans directly.@@@@1@24@@oe@2-2-2013
20482005@unknown@formal@none@1@S@Such a focus is "more profitable, more efficient and gives us a greater sense of control," said William A. Shane, Mercury's senior executive vice president.@@@@1@25@@oe@2-2-2013
20482006@unknown@formal@none@1@S@As of Sept. 30, Mercury's assets were $2.25 billion, down from $2.62 billion a year ago.@@@@1@16@@oe@2-2-2013
20482007@unknown@formal@none@1@S@For the nine months, Mercury posted a loss of $5.4 million, or 86 cents share, against net income of $4 million, or 63 cents share, a year earlier.@@@@1@28@@oe@2-2-2013
20482008@unknown@formal@none@1@S@Mercury shares closed yesterday at $4.625, up 50 cents, in New York Stock Exchange composite trading.@@@@1@16@@oe@2-2-2013
20483001@unknown@formal@none@1@S@Bancroft Convertible Fund Inc., New York, likely will reject a renewed offer from Florida investor Robert I. Green to buy Bancroft for $18.95 a share.@@@@1@25@@oe@2-2-2013
20483002@unknown@formal@none@1@S@Sigmund Levine, Bancroft secretary and treasurer, said the closed-end fund's directors will consider Mr. Green's offer in a couple of weeks at a regular meeting.@@@@1@25@@oe@2-2-2013
20483003@unknown@formal@none@1@S@"He hasn't added anything," Mr. Levine said, predicting the board will again reject Mr. Green's proposal.@@@@1@16@@oe@2-2-2013
20483004@unknown@formal@none@1@S@In a Securities and Exchange Commission filing, Mr. Green said he had boosted his holdings in Bancroft common to 10.4% from 8.5%, and renewed an offer he made in March to acquire the fund.@@@@1@34@@oe@2-2-2013
20483005@unknown@formal@none@1@S@Mr. Levine noted that Bancroft's shares have been trading at or above Mr. Green's offering price for the last several months.@@@@1@21@@oe@2-2-2013
20483006@unknown@formal@none@1@S@He said Bancroft attorneys are scheduled to meet with Mr. Green's attorneys in Delaware Chancery Court at the end of this week to respond to the investor's request for company records for the past five years.@@@@1@36@@oe@2-2-2013
20483007@unknown@formal@none@1@S@Mr. Green couldn't be reached.@@@@1@5@@oe@2-2-2013
20484001@unknown@formal@none@1@S@Giant Group said a federal court in Delaware has denied a motion by Rally's Inc. seeking to block a group led by Giant Chairman Burt Sugarman from acquiring more of the company's shares.@@@@1@33@@oe@2-2-2013
20484002@unknown@formal@none@1@S@Rally's, a fast-food chain based in Louisville, Ky., is contending that Mr. Sugarman and two other company directors failed to disclose to the Securities and Exchange Commission that they intended to acquire a big Rally stake.@@@@1@36@@oe@2-2-2013
20484003@unknown@formal@none@1@S@Mr. Sugarman has in turn contended that the other major shareholder group -- whose interests are represented by three other directors connected to trusts in the name of the children of the company's founder, James Patterson -- has ties to a competing fast food chain, Wendy's International Inc.@@@@1@48@@oe@2-2-2013
20484004@unknown@formal@none@1@S@The company last week assembled a three-member committee of directors aligned with neither side to analyze the situation.@@@@1@18@@oe@2-2-2013
20484005@unknown@formal@none@1@S@Each group controls more than 40% of Rally's stock.@@@@1@9@@oe@2-2-2013
20484006@unknown@formal@none@1@S@The company just went public earlier this month.@@@@1@8@@oe@2-2-2013
20484007@unknown@formal@none@1@S@Rally's had no comment, but was expected to make an announcement this morning about the situation.@@@@1@16@@oe@2-2-2013
20485001@unknown@formal@none@1@S@Singer Bette Midler won a $400,000 federal court jury verdict against Young & Rubicam in a case that threatens a popular advertising industry practice of using "sound-alike" performers to tout products.@@@@1@31@@oe@2-2-2013
20485002@unknown@formal@none@1@S@The decision in Los Angeles federal court stems from a 1985 Mercury Sable TV ad that Young & Rubicam worked up for Ford Motor Co.@@@@1@25@@oe@2-2-2013
20485003@unknown@formal@none@1@S@The ad agency had approached Ms. Midler about appearing, but she declined, citing a longstanding policy of refusing advertising work.@@@@1@20@@oe@2-2-2013
20485004@unknown@formal@none@1@S@The agency then turned to a former backup singer for Ms. Midler who appeared in the ad and crooned what was generally considered a more than credible imitation of Ms. Midler's 1973 hit song "Do You Wanna Dance."@@@@1@38@@oe@2-2-2013
20485005@unknown@formal@none@1@S@The appeals court held: "When a distinctive voice of a professional singer is widely known and is deliberately imitated in order to sell a product, the sellers have appropriated what is not theirs."@@@@1@33@@oe@2-2-2013
20485006@unknown@formal@none@1@S@The judge in the jury trial said there was insufficient evidence to hold Ford liable in the case.@@@@1@18@@oe@2-2-2013
20485007@unknown@formal@none@1@S@In a statement, Young & Rubicam called the award "unfortunate but bearable."@@@@1@12@@oe@2-2-2013
20485008@unknown@formal@none@1@S@Peter Laird, a Los Angeles lawyer for Ms. Midler, said, "We believe that the verdict reaffirms her position and our position that advertisers and advertising agencies cannot with impunity imitate the voices of well-known performers.@@@@1@35@@oe@2-2-2013
20485009@unknown@formal@none@1@S@That is a property right that belongs to the performer."@@@@1@10@@oe@2-2-2013
20485010@unknown@formal@none@1@S@The award, although far less than the $10 million, including punitive damages, that Ms. Midler sought, is likely to force Madison Avenue to further rethink how they use famous songs in ads.@@@@1@32@@oe@2-2-2013
20485011@unknown@formal@none@1@S@Last year's appeals court decision, for instance, spawned several suits, reportedly including a recent action by the heirs of singer Bobby Darin against McDonald's Corp. over its "Mac Tonight" TV commercials, a rough parody of Mr. Darin's "Mack the Knife" trademark.@@@@1@41@@oe@2-2-2013
20485012@unknown@formal@none@1@S@The appeals-court decision last year was particularly surprising because the same court had dismissed a similar case in 1970 involving singer Nancy Sinatra and a tire ad -- also a Young & Rubicam product.@@@@1@34@@oe@2-2-2013
20485013@unknown@formal@none@1@S@Ms. Sinatra sued over the use of her "These Boots are Made for Walkin'" song in the ad.@@@@1@18@@oe@2-2-2013
20485014@unknown@formal@none@1@S@At that time, the court held that such a claim would interfere with federal copyright law, which has always cracked down on the unauthorized copying of songs and musical compositions but never actual performances.@@@@1@34@@oe@2-2-2013
20485015@unknown@formal@none@1@S@"One thing that is a little unnerving is that you had three old men on the court of appeals in California coming up with a statement that Nancy Sinatra is not distinctive but that Bette Midler is.@@@@1@37@@oe@2-2-2013
20485016@unknown@formal@none@1@S@I am not sure that judges, many of whom I like very much, are proper repositories for making distinctions about pop singers," said Richard Kurnit, a New York advertising lawyer.@@@@1@30@@oe@2-2-2013
20485017@unknown@formal@none@1@S@Nonetheless, Mr. Kurnit said that the latest decisions are having a chilling effect.@@@@1@13@@oe@2-2-2013
20485018@unknown@formal@none@1@S@"It has made people think twice about how they use music and is forcing them to be more circumspect about doing a particular rendition of a song in its most famous form," he said.@@@@1@34@@oe@2-2-2013
20485019@unknown@formal@none@1@S@Joanne Lipman contributed to this article.@@@@1@6@@oe@2-2-2013
20486001@unknown@formal@none@1@S@James River Corp., Richmond, Va., said it acquired the tissue operations of Buhrmann-Tetterode N.V. of the Netherlands for about $77 million.@@@@1@21@@oe@2-2-2013
20486002@unknown@formal@none@1@S@The Dutch unit, known as Celtona B.V., is a leading maker of consumer and away-from-home tissue products for the Benelux region.@@@@1@21@@oe@2-2-2013
20486003@unknown@formal@none@1@S@In addition, the acquisition includes production assets of Invercon Papermils, a maker of household tissue products for the U.K. and Ireland.@@@@1@21@@oe@2-2-2013
20486004@unknown@formal@none@1@S@The combined operations had 1988 revenue of about $100 million.@@@@1@10@@oe@2-2-2013
20486005@unknown@formal@none@1@S@James River, a maker of pulp, paper and plastic products, already has interests in tissue businesses in France, Spain, Italy and Turkey.@@@@1@22@@oe@2-2-2013
20486006@unknown@formal@none@1@S@The company said it plans to form European ventures with Italian and Finnish companies.@@@@1@14@@oe@2-2-2013
20486007@unknown@formal@none@1@S@The Celtona operations would become part of those ventures.@@@@1@9@@oe@2-2-2013
20487001@unknown@formal@none@1@S@Vitro S.A. of Monterrey, Mexico, said its THR Corp. subsidiary has entered into definitive loan agreements in connection with Vitro's $21.25-a-share tender offer for Anchor Glass Container Corp.@@@@1@28@@oe@2-2-2013
20487002@unknown@formal@none@1@S@The agreements are with Security Pacific National Bank and an affiliate of Donaldson, Lufkin & Jenrette Securities Corp.@@@@1@18@@oe@2-2-2013
20487003@unknown@formal@none@1@S@Proceeds of the loan agreement, together with funds from Vitro, will permit the purchase of all shares outstanding of Anchor and the payment of all related costs and expenses.@@@@1@29@@oe@2-2-2013
20487004@unknown@formal@none@1@S@Vitro said the definitive agreements require that Anchor obtain a waiver from its bank lenders of existing covenant defaults under its bank facilities.@@@@1@23@@oe@2-2-2013
20487005@unknown@formal@none@1@S@Since Anchor is still seeking this waiver, Vitro said the tender offer is being extended until 5 p.m. EST tomorrow.@@@@1@20@@oe@2-2-2013
20488001@unknown@formal@none@1@S@The dollar finished mostly stronger yesterday, boosted by a modest recovery in share prices.@@@@1@14@@oe@2-2-2013
20488002@unknown@formal@none@1@S@The Dow Jones Industrial Average climbed 6.76 points in a spate of bargain-hunting following last week's declines.@@@@1@17@@oe@2-2-2013
20488003@unknown@formal@none@1@S@"Attention is fixed on the stock market for lack of anything else to sink our teeth into," said Robert White, a vice president at First Interstate of California.@@@@1@28@@oe@2-2-2013
20488004@unknown@formal@none@1@S@Some analysts predict that in the absence of market-moving news to push the U.S. unit sharply higher or lower, the currency is likely to drift below 1.80 marks this week.@@@@1@30@@oe@2-2-2013
20488005@unknown@formal@none@1@S@But others reject the view, and forecast the dollar will continue to hold its current tight trading pattern.@@@@1@18@@oe@2-2-2013
20488006@unknown@formal@none@1@S@They argue that weakness in both the yen and sterling have helped offset bearish U.S. economic news and have lent support to the dollar.@@@@1@24@@oe@2-2-2013
20488007@unknown@formal@none@1@S@In late New York trading yesterday, the dollar was quoted at 1.8340 marks, up from 1.8300 marks late Friday, and at 141.90 yen, up from 141.65 yen late Friday.@@@@1@29@@oe@2-2-2013
20488008@unknown@formal@none@1@S@Sterling was quoted at $1.5820, up from $1.5795 late Friday.@@@@1@10@@oe@2-2-2013
20488009@unknown@formal@none@1@S@The dollar rose against the Swiss and French francs.@@@@1@9@@oe@2-2-2013
20488010@unknown@formal@none@1@S@In Tokyo Tuesday, the U.S. currency opened for trading at 142.32 yen, up from Monday's Tokyo close of 142.17 yen.@@@@1@20@@oe@2-2-2013
20488011@unknown@formal@none@1@S@Last week, the surprise resignation of British Chancellor of the Exchequer Nigel Lawson sent the British pound into a tailspin.@@@@1@20@@oe@2-2-2013
20488012@unknown@formal@none@1@S@While sterling bounced back from session lows in a bout of short-covering yesterday, foreign exchange dealers said that any hopes that the pound would soon post significant gains have evaporated.@@@@1@30@@oe@2-2-2013
20488013@unknown@formal@none@1@S@Traders said that statements made over the weekend to quell concern about the stability of Prime Minister Margaret Thatcher's government and the future of her economic program largely failed to reassure investors and bolster the flagging British unit.@@@@1@38@@oe@2-2-2013
20488014@unknown@formal@none@1@S@In her first televised interview following Mr. Lawson's resignation, Mrs. Thatcher reiterated her desire to keep sterling strong and warned again that full entry into the European Monetary System's exchange rate mechanism would provide no easy solution to Britain's economic troubles.@@@@1@41@@oe@2-2-2013
20488015@unknown@formal@none@1@S@She said that the timing of the United Kingdom's entry would depend on the speed with which other members liberalize their economies.@@@@1@22@@oe@2-2-2013
20488016@unknown@formal@none@1@S@Mrs. Thatcher's remarks were seen as a rebuff to several leading members of her own Conservative Party who have called for a more clear-cut British commitment to the EMS.@@@@1@29@@oe@2-2-2013
20488017@unknown@formal@none@1@S@At the same time, a recent poll shows that Mrs. Thatcher has hit the lowest popularity rating of any British leader since polling began 50 years ago.@@@@1@27@@oe@2-2-2013
20488018@unknown@formal@none@1@S@Comments by John Major, who has succeeded Mr. Lawson, also failed to damp market concern, despite his pledge to maintain relatively high British interest rates.@@@@1@25@@oe@2-2-2013
20488019@unknown@formal@none@1@S@According to one London-based analyst, even higher interest rates won't help the pound if Britain's government continues to appear unstable.@@@@1@20@@oe@2-2-2013
20488020@unknown@formal@none@1@S@One U.S. trader, however, dismissed sterling doomsayers while acknowledging there is little immediate upside potential for the U.K. unit.@@@@1@19@@oe@2-2-2013
20488021@unknown@formal@none@1@S@"There is no question that the situation is bad, but we may be painting a gloomier picture than we should," he said.@@@@1@22@@oe@2-2-2013
20488022@unknown@formal@none@1@S@He predicts the pound will continue to trade in a very volatile fashion, with "fits of being oversold and overbought" before recovering its losses.@@@@1@24@@oe@2-2-2013
20488023@unknown@formal@none@1@S@Dealers also note that the general lack of enthusiasm for the yen has helped bolster the U.S. dollar.@@@@1@18@@oe@2-2-2013
20488024@unknown@formal@none@1@S@They observe that persistent Japanese investor demand for dollars for both portfolio and direct investment has kept a base of support for the dollar at around 140 yen.@@@@1@28@@oe@2-2-2013
20488025@unknown@formal@none@1@S@The dollar began yesterday on a firm note in Tokyo, closing higher in late trade.@@@@1@15@@oe@2-2-2013
20488026@unknown@formal@none@1@S@In Europe, the dollar closed slightly up in a market dominated by cross trades.@@@@1@14@@oe@2-2-2013
20488027@unknown@formal@none@1@S@On the Commodity Exchange in New York, gold for current delivery settled at $377.80 an ounce, down 70 cents.@@@@1@19@@oe@2-2-2013
20488028@unknown@formal@none@1@S@Estimated volume was a moderate 3.5 million ounces.@@@@1@8@@oe@2-2-2013
20488029@unknown@formal@none@1@S@In early trading in Hong Kong Tuesday, gold was quoted at $376.80 an ounce.@@@@1@14@@oe@2-2-2013
20489001@unknown@formal@none@1@S@General Electric Capital Corp.'s Monogram Bank USA acquired a Visa and MasterCard portfolio from Commercial Federal Savings & Loan Association, an Omaha, Neb., unit of Commercial Federal Corp. of Omaha.@@@@1@30@@oe@2-2-2013
20489002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
20489003@unknown@formal@none@1@S@The portfolio currently includes $95 million in receivables, GE Capital said.@@@@1@11@@oe@2-2-2013
20489004@unknown@formal@none@1@S@GE Capital is a financial services subsidiary of General Electric Co. of Fairfield, Conn., which also has broadcasting and electrical-products businesses.@@@@1@21@@oe@2-2-2013
20489005@unknown@formal@none@1@S@GE Capital said Commercial Federal Savings will continue to market Visa and MasterCard programs while Monogram provides "operational and marketing support" and actually owns the accounts.@@@@1@26@@oe@2-2-2013
20489006@unknown@formal@none@1@S@With the acquisition, Monogram, Blue Ash, Ohio, has more than 2.4 million total accounts, GE Capital added.@@@@1@17@@oe@2-2-2013
20490001@unknown@formal@none@1@S@EAST GERMANS RALLIED in three cities to demand democratic freedoms.@@@@1@10@@oe@2-2-2013
20490002@unknown@formal@none@1@S@As the country's new leader, Egon Krenz, prepared to travel to Moscow today for talks with Soviet leader Gorbachev, hundreds of thousands of East Germans massed in the streets of Leipzig, Halle and Schwerin to call for internal freedoms and the legalization of the New Forum opposition group.@@@@1@48@@oe@2-2-2013
20490003@unknown@formal@none@1@S@Krenz, however, vowed to preserve the Communist Party's hold on political power and said East Germans shouldn't destabilize the nation with unrealistic demands.@@@@1@23@@oe@2-2-2013
20490004@unknown@formal@none@1@S@Communist officials this month have faced nearly daily pro-democracy protests, accompanied by the flight to the West by thousands of East Germans.@@@@1@22@@oe@2-2-2013
20490005@unknown@formal@none@1@S@Soviet police clashed with demonstrators in Moscow following a candlelight vigil around the KGB's Lubyanka headquarters in memory of those persecuted under Stalin.@@@@1@23@@oe@2-2-2013
20490006@unknown@formal@none@1@S@More than 1,000 Muscovites attended the service.@@@@1@7@@oe@2-2-2013
20490007@unknown@formal@none@1@S@A splinter group demonstrated in Pushkin Square, where the police clubbed and detained a number of protesters.@@@@1@17@@oe@2-2-2013
20490008@unknown@formal@none@1@S@Police in Yugoslavia dispersed about 1,000 ethnic Albanians who were protesting the trial of the former Communist Party chief of the southern province of Kosovo.@@@@1@25@@oe@2-2-2013
20490009@unknown@formal@none@1@S@Azem Vlasi and 14 others are accused of inciting riots and strikes and opposing constitutional limits to Kosovo's autonomy.@@@@1@19@@oe@2-2-2013
20490010@unknown@formal@none@1@S@If convicted, they could be sentenced to death.@@@@1@8@@oe@2-2-2013
20490011@unknown@formal@none@1@S@A court in Jerusalem sentenced a Palestinian to 16 life terms for forcing a bus off a cliff July 6, killing 16 people, Israeli radio reported.@@@@1@26@@oe@2-2-2013
20490012@unknown@formal@none@1@S@He also received 20-year sentences for each of the 24 passengers injured.@@@@1@12@@oe@2-2-2013
20490013@unknown@formal@none@1@S@It was considered the stiffest sentence passed since the start of the 22-month-old Arab uprising in the Israeli-occupied territories.@@@@1@19@@oe@2-2-2013
20490014@unknown@formal@none@1@S@U.S. and Soviet negotiators opened talks in New York aimed at resolving differences in proposals to reduce chemical-weapons arsenals.@@@@1@19@@oe@2-2-2013
20490015@unknown@formal@none@1@S@While the Kremlin has urged a ban on output of the poison gases, the White House wants to continue producing the weapons even after an international treaty calling for their destruction is signed.@@@@1@33@@oe@2-2-2013
20490016@unknown@formal@none@1@S@South Africa's government said peaceful demonstrations such as the anti-apartheid rally Sunday near Soweto have helped ease tensions and assisted political changes.@@@@1@22@@oe@2-2-2013
20490017@unknown@formal@none@1@S@About 70,000 people attended the anti-government rally, at which leaders of the banned African National Congress refused to renounce violence to end apartheid.@@@@1@23@@oe@2-2-2013
20490018@unknown@formal@none@1@S@Secretary of State Baker expressed concern that Nicaraguan President Ortega may attempt to use alleged attacks by the U.S.backed Contra rebels as an excuse to scuttle elections scheduled for February.@@@@1@30@@oe@2-2-2013
20490019@unknown@formal@none@1@S@Ortega had threatened to end a 19-month-old ceasefire.@@@@1@8@@oe@2-2-2013
20490020@unknown@formal@none@1@S@Baker's remarks came as the White House urged both sides to honor the truce.@@@@1@14@@oe@2-2-2013
20490021@unknown@formal@none@1@S@The USS Lexington returned to dock in Pensacola, Fla., following an accident Sunday in which the pilot of a training jet crashed into the ship, killing five sailors.@@@@1@28@@oe@2-2-2013
20490022@unknown@formal@none@1@S@The captain of the aircraft carrier, the oldest in the Navy, said the flier was making his first attempt to land on a carrier.@@@@1@24@@oe@2-2-2013
20490023@unknown@formal@none@1@S@Four people torched three U.S. flags on the central steps of the U.S. Capitol in a bid to test a new federal law protecting the American flag from desecration.@@@@1@29@@oe@2-2-2013
20490024@unknown@formal@none@1@S@All four demonstrators were arrested.@@@@1@5@@oe@2-2-2013
20490025@unknown@formal@none@1@S@The law, which Bush allowed to take effect without his signature, went into force Friday.@@@@1@15@@oe@2-2-2013
20490026@unknown@formal@none@1@S@Chinese officials said armed police would replace soldiers in Tiananmen Square as part of a scaling down of Beijing's five-month-old state of emergency.@@@@1@23@@oe@2-2-2013
20490027@unknown@formal@none@1@S@Separately, the U.S. Embassy has filed three protests in as many days with China's government, alleging harassment of diplomats and their families, an embassy source said.@@@@1@26@@oe@2-2-2013
20490028@unknown@formal@none@1@S@Authorities in Algeria said the toll from two earthquakes Sunday had reached at least 30 dead and about 250 injured.@@@@1@20@@oe@2-2-2013
20490029@unknown@formal@none@1@S@The heaviest damage was reported in Tipasa, about 40 miles west of Algiers.@@@@1@13@@oe@2-2-2013
20490030@unknown@formal@none@1@S@As rescue teams continued searching for victims, hundreds of suvivors accused the government of a feeble response following the temblors.@@@@1@20@@oe@2-2-2013
20490031@unknown@formal@none@1@S@Britain's Thatcher summoned senior advisers for strategy talks as opinion polls showed the prime minister's popularity had hit a record low following the resignation last Thursday of Chancellor of the Exchequer Lawson.@@@@1@32@@oe@2-2-2013
20490032@unknown@formal@none@1@S@One poll, conducted for the British Broadcasting Corp., found that 52% of voters believed that she should quit.@@@@1@18@@oe@2-2-2013
20490033@unknown@formal@none@1@S@Lawmakers in Hungary approved legislation granting amnesty to many people convicted of crimes punishable by less than three years in prison.@@@@1@21@@oe@2-2-2013
20490034@unknown@formal@none@1@S@They also established an office to control government and party finances.@@@@1@11@@oe@2-2-2013
20490035@unknown@formal@none@1@S@The laws take effect next month.@@@@1@6@@oe@2-2-2013
20490036@unknown@formal@none@1@S@Died: Robert V. Van Fossan, 63, chairman of Mutual Benefit Life Insurance Co., Sunday, in Morristown, N.J., of cancer.@@@@1@19@@oe@2-2-2013
20491001@unknown@formal@none@1@S@Fluor Corp. said it was awarded a $300 million contract to provide engineering and construction-management services at a copper mine in Irian Jaya, Indonesia, for a unit of Freeport-McMoRan Copper Co.@@@@1@31@@oe@2-2-2013
20491002@unknown@formal@none@1@S@Fluor, based in Irvine, Calif., will direct expansion of the mine's capacity to 52,000 metric tons a day from 32,000 metric tons a day.@@@@1@24@@oe@2-2-2013
20491003@unknown@formal@none@1@S@Completion of the project is expected by mid-1992.@@@@1@8@@oe@2-2-2013
20491004@unknown@formal@none@1@S@In 1988, Fluor had revenue of $5.1 billion and earnings of $56.4 million, or 71 cents a share.@@@@1@18@@oe@2-2-2013
20492001@unknown@formal@none@1@S@Nixdorf Computer AG, citing continued profitability problems, said it will have to reduce personnel further, notably in research and development sectors.@@@@1@21@@oe@2-2-2013
20492002@unknown@formal@none@1@S@The troubled West German computer company said, in a statement to its employees, that the number of persons working in product development will be reduced world-wide to 2,440 from 2,888 by the end of 1990.@@@@1@35@@oe@2-2-2013
20492003@unknown@formal@none@1@S@The number of workers in production sectors will be cut by 488, to 5,200 by September.@@@@1@16@@oe@2-2-2013
20492004@unknown@formal@none@1@S@The cuts will be made half within Germany and half abroad.@@@@1@11@@oe@2-2-2013
20492005@unknown@formal@none@1@S@In the first nine months of 1989, Nixdorf said, sales rose 5% amid good growth in selected areas such as banks and trading companies.@@@@1@24@@oe@2-2-2013
20492006@unknown@formal@none@1@S@The company also cited some success in damping cost increases and said it wants to return to profitability in 1990.@@@@1@20@@oe@2-2-2013
20492007@unknown@formal@none@1@S@It cited the expected beneficial effects of a concentration on key products, further structural changes within the group and cooperation agreements with other companies.@@@@1@24@@oe@2-2-2013
20493001@unknown@formal@none@1@S@GREAT NORTHERN NEKOOSA is being sought by another big paper company, Georgia-Pacific, for $58 a share, or about $3.18 billion.@@@@1@20@@oe@2-2-2013
20493002@unknown@formal@none@1@S@The tender offer, which surprised analysts because it appeared to be unsolicited, could spark a period of industry consolidation.@@@@1@19@@oe@2-2-2013
20493003@unknown@formal@none@1@S@Analysts questioned whether Georgia-Pacific will ultimately prevail, saying other paper concerns may make competing bids.@@@@1@15@@oe@2-2-2013
20493004@unknown@formal@none@1@S@Two more securities firms bowed to the outcry over program trading.@@@@1@11@@oe@2-2-2013
20493005@unknown@formal@none@1@S@GE's Kidder Peabody unit said it would stop doing stock-index arbitrage for its own account, while Merrill Lynch said it was halting such trading entirely.@@@@1@25@@oe@2-2-2013
20493006@unknown@formal@none@1@S@Also, the Big Board met with angry stock specialists.@@@@1@9@@oe@2-2-2013
20493007@unknown@formal@none@1@S@A big pension-insurance case will be reviewed by the Supreme Court.@@@@1@11@@oe@2-2-2013
20493008@unknown@formal@none@1@S@The justices agreed to decide whether federal insurers can require LTV to take back responsiblilty for funding its $2.3 billion pension shortfall.@@@@1@22@@oe@2-2-2013
20493009@unknown@formal@none@1@S@Drug companies lost a major liability case.@@@@1@7@@oe@2-2-2013
20493010@unknown@formal@none@1@S@The Supreme Court let stand a New York ruling that all manufacturers of an anti-miscarriage drug are liable for injuries or deaths if the actual maker isn't known.@@@@1@28@@oe@2-2-2013
20493011@unknown@formal@none@1@S@Revco received a $925 million takeover offer from Texas financier Robert Bass and Acadia Partners.@@@@1@15@@oe@2-2-2013
20493012@unknown@formal@none@1@S@The drugstore chain reacted cautiously, saying the plan would further swell its huge debt, which forced the company into Chapter 11 protection last year.@@@@1@24@@oe@2-2-2013
20493013@unknown@formal@none@1@S@Rockefeller Group agreed to sell a 51% interest to Mitsubishi Estate, a major Japanese developer and property owner, for $846 million.@@@@1@21@@oe@2-2-2013
20493014@unknown@formal@none@1@S@Officials at some Rockefeller units are said to be unhappy with the agreement.@@@@1@13@@oe@2-2-2013
20493015@unknown@formal@none@1@S@Continental Air replaced its top executive for the sixth time in as many years.@@@@1@14@@oe@2-2-2013
20493016@unknown@formal@none@1@S@Chairman and Chief Executive Joseph Corr was succeeded by Frank Lorenzo, chief of parent Texas Air.@@@@1@16@@oe@2-2-2013
20493017@unknown@formal@none@1@S@United Air's parent may have to pay as much as $53.7 million to the labor-management buy-out group for fees and expenses incurred in their failed $6.79 billion takeover bid.@@@@1@29@@oe@2-2-2013
20493018@unknown@formal@none@1@S@Gen-Probe agreed to be bought by Chugai Pharmaceutical for about $110 million.@@@@1@12@@oe@2-2-2013
20493019@unknown@formal@none@1@S@The sale is likely to fuel concern about growing Japanese investment in U.S. biotechnology firms.@@@@1@15@@oe@2-2-2013
20493020@unknown@formal@none@1@S@Boeing posted a 68% jump in third-quarter earnings, but Wall Street's attention was focused on the continued strike at the aircraft maker.@@@@1@22@@oe@2-2-2013
20493021@unknown@formal@none@1@S@The Fed delayed approval of First Union's $849 million acquisition of Florida National Banks pending a review of First Union's lending practices in low-income neighborhoods.@@@@1@25@@oe@2-2-2013
20493022@unknown@formal@none@1@S@Allianz of West Germany entered the takeover battle between France's Paribas and Navigation Mixte.@@@@1@14@@oe@2-2-2013
20493023@unknown@formal@none@1@S@Maxwell agreed to sell its U.S. printing unit to Quebecor for $500 million, making Quebecor the No. 2 commercial printer in North America.@@@@1@23@@oe@2-2-2013
20493024@unknown@formal@none@1@S@New construction contracts rose 8% in September, led by commercial, industrial and public-works projects, according to F.W. Dodge Group.@@@@1@19@@oe@2-2-2013
20493025@unknown@formal@none@1@S@Western Union took steps to withdraw a $500 million debt swap, citing turmoil in the junk bond market.@@@@1@18@@oe@2-2-2013
20493026@unknown@formal@none@1@S@Markets --@@@@1@2@@oe@2-2-2013
20493027@unknown@formal@none@1@S@Stocks: Volume 126,630,000 shares.@@@@1@4@@oe@2-2-2013
20493028@unknown@formal@none@1@S@Dow Jones industrials 2603.48, up 6.76; transportation 1191.86, up 1.43; utilities 216.74, up 0.88.@@@@1@14@@oe@2-2-2013
20493029@unknown@formal@none@1@S@Bonds: Shearson Lehman Hutton Treasury index 3416.81, up@@@@1@8@@oe@2-2-2013
20493030@unknown@formal@none@1@S@Commodities: Dow Jones futures index 129.38, off 0.11; spot index 130.09, off 0.71.@@@@1@13@@oe@2-2-2013
20493031@unknown@formal@none@1@S@Dollar: 141.90 yen, up 0.25; 1.8340 marks, up 0.0040.@@@@1@9@@oe@2-2-2013
20494001@unknown@formal@none@1@S@Pacific Telesis Group said its Pacific Bell unit sustained property damage of about $45 million to $50 million from the California earthquake earlier this month.@@@@1@25@@oe@2-2-2013
20494002@unknown@formal@none@1@S@The San Francisco-based telecommunications company said it carries $150 million of earthquake insurance with a $10 million deductible provision.@@@@1@19@@oe@2-2-2013
20494003@unknown@formal@none@1@S@Sam Ginn, chairman and chief executive officer, told securities analysts in New York that the company expects somewhat slower per-share earnings growth in 1990, although annual growth should return to the traditional figure of about 7% thereafter.@@@@1@37@@oe@2-2-2013
20494004@unknown@formal@none@1@S@As factors contributing to the temporary slowdown, he cited one-time rate reductions prescribed by California regulators as a prelude to a new framework that removes profit constraints.@@@@1@27@@oe@2-2-2013
20494005@unknown@formal@none@1@S@He also mentioned increased capital investment by Pacific Bell for network improvements.@@@@1@12@@oe@2-2-2013
20494006@unknown@formal@none@1@S@Mr. Ginn said the company's cellular operations now serve about 341,000 customers, up 46% from a year ago.@@@@1@18@@oe@2-2-2013
20495001@unknown@formal@none@1@S@General Motors Corp. is planning to build a new engine plant in Europe that may be built in Britain, provided the company can reach a satisfactory agreement with unions, sources said.@@@@1@31@@oe@2-2-2013
20495002@unknown@formal@none@1@S@Officials of Vauxhall Motors Ltd., GM's British unit, were meeting with union leaders late yesterday in hopes of winning such an accord.@@@@1@22@@oe@2-2-2013
20495003@unknown@formal@none@1@S@The engine plant may encompass plans for a joint components venture with Jaguar.@@@@1@13@@oe@2-2-2013
20495004@unknown@formal@none@1@S@Alternatively, a separate engine plant may be built as part of GM's planned tie-up with the British luxury car maker, the sources said.@@@@1@23@@oe@2-2-2013
20495005@unknown@formal@none@1@S@Sources said a "complex and detailed" announcement of a joint agreement between General Motors and Jaguar would be made by Jaguar "some time in the next 2 1/2 weeks.@@@@1@29@@oe@2-2-2013
20496001@unknown@formal@none@1@S@Cray Research Inc. won government clearance for its proposed reorganization of founder Seymour Cray's supercomputer design team into a separate company.@@@@1@21@@oe@2-2-2013
20496002@unknown@formal@none@1@S@Internal Revenue Service approval of the move as a tax-free transaction was the last hurdle to splitting up the world's dominant maker of supercomputers, which Mr. Cray founded in 1974.@@@@1@30@@oe@2-2-2013
20496003@unknown@formal@none@1@S@Cray's directors set Nov. 15 as the record date for distribution of shares in the new company, to be called Cray Computer Corp.@@@@1@23@@oe@2-2-2013
20496004@unknown@formal@none@1@S@It will trade over the counter under the symbol CRAY.@@@@1@10@@oe@2-2-2013
20496005@unknown@formal@none@1@S@The plan calls for Cray Research holders to receive one share in the new company for every two shares held.@@@@1@20@@oe@2-2-2013
20496006@unknown@formal@none@1@S@An estimated 14.7 million Cray Computer shares will be distributed, Cray Research said.@@@@1@13@@oe@2-2-2013
20496007@unknown@formal@none@1@S@Under the accord, Cray Research will transfer to Mr. Cray's fledgling operation $53.3 million of assets primarily related to the Cray-3 development project his team is undertaking and will lend Cray Computer $98.6 million.@@@@1@34@@oe@2-2-2013
20496008@unknown@formal@none@1@S@Cray Research will retain a 10% interest in the new company, which will be based in Colorado Springs, Colo.@@@@1@19@@oe@2-2-2013
20496009@unknown@formal@none@1@S@When it announced the planned breakup in May, Cray Research said development costs of several competing projects were squeezing its earnings growth.@@@@1@22@@oe@2-2-2013
20496010@unknown@formal@none@1@S@After the split, the two companies presumably will be rivals for orders from government and commercial customers.@@@@1@17@@oe@2-2-2013
20497001@unknown@formal@none@1@S@Interface Systems Inc., Ann Arbor, Mich., said it will report net income for the fourth quarter ended Sept. 30 fell to $470,000, or 11 cents a share, from $805,000, or 19 cents a share, a year earlier.@@@@1@37@@oe@2-2-2013
20497002@unknown@formal@none@1@S@Chairman Carl L. Bixby said the decline occurred although revenue rose 30% to more than $8.3 million from $6.4 million a year earlier.@@@@1@23@@oe@2-2-2013
20497003@unknown@formal@none@1@S@The company, which makes computer parts said fiscal 1989 earnings were "down slightly" from $3.2 million, or 74 cents a share, in fiscal l988.@@@@1@24@@oe@2-2-2013
20497004@unknown@formal@none@1@S@The company said fiscal 1989 revenue increased about 30% to more than $32 million from $25.3 million.@@@@1@17@@oe@2-2-2013
20497005@unknown@formal@none@1@S@Mr. Bixby said that early signs point to improved earnings and revenue in the first quarter of fiscal 1990.@@@@1@19@@oe@2-2-2013
20497006@unknown@formal@none@1@S@"The current backlog of orders is strong throughout the corporation," he said.@@@@1@12@@oe@2-2-2013
20498001@unknown@formal@none@1@S@Priam Corp. said it filed for protection under Chapter 11 of the federal Bankruptcy Code and announced a 35% reduction in its world-wide employment.@@@@1@24@@oe@2-2-2013
20498002@unknown@formal@none@1@S@The filing in bankruptcy court here follows a string of quarterly losses and product glitches for the maker of harddisk drives for minicomputers and microcomputers.@@@@1@25@@oe@2-2-2013
20498003@unknown@formal@none@1@S@Priam had a loss of $25.4 million for the fiscal year ended July 7, compared with year-earlier profit of $543,000, or two cents a share.@@@@1@25@@oe@2-2-2013
20498004@unknown@formal@none@1@S@Revenue for the year fell 13% to $122.7 million.@@@@1@9@@oe@2-2-2013
20498005@unknown@formal@none@1@S@The 200-person staff cutback announced yesterday will bring Priam's employment to about 380 workers, less than half of what it was before a similar, 230-person reduction in August.@@@@1@28@@oe@2-2-2013
20498006@unknown@formal@none@1@S@The company yesterday also said it was scrapping one of its major new products, a 760-megabyte drive, which, while technically proficient, didn't hold much promise of generating substantial orders because financing problems caused a nine-month delay in getting the product to market.@@@@1@42@@oe@2-2-2013
20499001@unknown@formal@none@1@S@The French Economics Ministry approved a planned asset swap between the defense and electronics group Thomson-CSF S.A. and the bank group Credit Lyonnais.@@@@1@23@@oe@2-2-2013
20499002@unknown@formal@none@1@S@The ministry said the swap, details of which were disclosed last Thursday, will allow both state-controlled companies to reinforce operations in their main markets and argued that the move shows the dynamism of France's state-sector concerns.@@@@1@36@@oe@2-2-2013
20499003@unknown@formal@none@1@S@The approval also ends any hope that Banque Nationale de Paris, another state-sector bank, might have had about taking Credit Lyonnais's place in the accord.@@@@1@25@@oe@2-2-2013
20499004@unknown@formal@none@1@S@It hinted over the weekend that it would have been interested in a hook-up with Thomson-CSF.@@@@1@16@@oe@2-2-2013
20499005@unknown@formal@none@1@S@Under details of the accord, Credit Lyonnais will take slightly more than 50% of Thomson-CSF Finance in exchange for about 14% of its own shares.@@@@1@25@@oe@2-2-2013
20499006@unknown@formal@none@1@S@The move will help the bank to keep up with international solvency ratios being phased in by the Bank for International Settlements and will also represent the first time that its voting shares have been held by a party other than the government.@@@@1@43@@oe@2-2-2013