21064006@unknown@formal@none@1@S@To be introduced later are a multiplexer, which will allow several signals to travel along a single optical line; a light-wave system, which carries voice channels; and a network controller, which directs data flow through cross-connect systems.@@@@1@37@@oe@2-2-2013
21064007@unknown@formal@none@1@S@AT&T said the products, unlike previous generations, will meet so-called Sonet compatability standards, which AT&T expects to be broadly adopted.@@@@1@20@@oe@2-2-2013
21064008@unknown@formal@none@1@S@Sonet, or synchronous optical network, products have more capacity than earlier models.@@@@1@12@@oe@2-2-2013
21064009@unknown@formal@none@1@S@"These products are the heart of our transmission-product line," Mr. Buchner said.@@@@1@12@@oe@2-2-2013
21064010@unknown@formal@none@1@S@He declined to disclose specific prices, but said each product costs in the tens of thousands, or even hundreds of thousands, of dollars.@@@@1@23@@oe@2-2-2013
21064011@unknown@formal@none@1@S@AT&T said it expects to beat to the marketplace two rivals, Northern Telecom Ltd. of Canada and France's Alcatel N.V., which also have announced Sonet-based products.@@@@1@26@@oe@2-2-2013
21064012@unknown@formal@none@1@S@AT&T predicted strong growth in demand for such products.@@@@1@9@@oe@2-2-2013
21064013@unknown@formal@none@1@S@It noted that last July, Nippon Telegraph & Telephone Corp. of Japan selected AT&T to supply $154 million of such equipment over a four-year period starting next year.@@@@1@28@@oe@2-2-2013
21065001@unknown@formal@none@1@S@Law firms that have feasted and grown on the revenue from mergers and acquisitions work are feeling the squeeze as that work declines.@@@@1@23@@oe@2-2-2013
21065002@unknown@formal@none@1@S@The disarray in the junk-bond market that began last month with a credit crunch at Campeau Corp. and the failure of banks to deliver financing for a leveraged buy-out of United Airlines parent UAL Corp. has reverberated through some of the nation's largest law firms.@@@@1@45@@oe@2-2-2013
21065003@unknown@formal@none@1@S@While it is still too early to tell whether the dearth of takeover activity is only temporary, many lawyers say their firms are bracing for lower revenue from merger work, which has been so lucrative in the past.@@@@1@38@@oe@2-2-2013
21065004@unknown@formal@none@1@S@Much of this work was done for higher fees than other legal work and was not generally billed by the hour.@@@@1@21@@oe@2-2-2013
21065005@unknown@formal@none@1@S@If deals take longer to complete and there are fewer of them to do, "you can't bill the same kind of premium as when deals took a few weeks from start to finish," says one lawyer at a large New York firm.@@@@1@42@@oe@2-2-2013
21065006@unknown@formal@none@1@S@"We're planning on a rip-roaring year in 1989, but next year we'll be another story," said Robert Freedman, a partner at Simpson Thacher & Bartlett.@@@@1@25@@oe@2-2-2013
21065007@unknown@formal@none@1@S@"We're settling down to a less active period."@@@@1@8@@oe@2-2-2013
21065008@unknown@formal@none@1@S@Lawyers at such firms as Sullivan & Cromwell; Willkie Farr & Gallagher; Wachtell, Lipton, Rosen & Katz; and Fried, Frank, Harris, Shriver & Jacobson all say they, too, have experienced a significant slowdown, particularly during the past few weeks.@@@@1@39@@oe@2-2-2013
21065009@unknown@formal@none@1@S@"Everyone is waiting to see if deals can be done at sensible prices and if money is available," said Jack Nusbaum, co-chairman of Willkie Farr.@@@@1@25@@oe@2-2-2013
21065010@unknown@formal@none@1@S@"It's hard to know right now if the change is fundamental or cyclical."@@@@1@13@@oe@2-2-2013
21065011@unknown@formal@none@1@S@Some lawyers say the slump, while more obvious in recent weeks, began earlier this year.@@@@1@15@@oe@2-2-2013
21065012@unknown@formal@none@1@S@Dennis Block, a partner at the New York firm of Weil, Gotshal & Manges, said that in the first eight months of this year, 89 hostile offers were launched, compared with 157 for the first eight months of@@@@1@38@@oe@2-2-2013
21065013@unknown@formal@none@1@S@What's more, he said, "transactions are taking a much longer time to conclude and many fall apart for lack of financing" and more stringent scrutiny by state courts.@@@@1@28@@oe@2-2-2013
21065014@unknown@formal@none@1@S@Lawyers also say an erratic stock market and uncertain financing conditions have sharply reduced the number of lucrative big deals likely to be proposed.@@@@1@24@@oe@2-2-2013
21065015@unknown@formal@none@1@S@Still, some lawyers say the mergers slowdown hasn't affected foreign buyers as much as domestic ones.@@@@1@16@@oe@2-2-2013
21065016@unknown@formal@none@1@S@"We just took another floor for our London offices," said Joseph Flom of the New York firm of Skadden, Arps, Slate, Meagher & Flom.@@@@1@24@@oe@2-2-2013
21065017@unknown@formal@none@1@S@Davis Polk & Wardwell also said its international clients are keeping mergers and acquisitions partners busy.@@@@1@16@@oe@2-2-2013
21065018@unknown@formal@none@1@S@"European companies are looking to buy American ones," said Henry King, the managing partner at that firm.@@@@1@17@@oe@2-2-2013
21065019@unknown@formal@none@1@S@"But the question is whether things people are looking at will actually surface in live transactions in light of the current market conditions."@@@@1@23@@oe@2-2-2013
21065020@unknown@formal@none@1@S@MURDER THREAT charged in Haas Securities Corp. stock-manipulation trial.@@@@1@9@@oe@2-2-2013
21065021@unknown@formal@none@1@S@In the trial of former Haas Securities Chairman Eugene Laff, the defense accused one of the government's chief witnesses of threatening to kill Mr. Laff.@@@@1@25@@oe@2-2-2013
21065022@unknown@formal@none@1@S@Mr. Laff's attorney, John Lang, filed a memorandum asking that the trial record include a secretly taped conversation in which the witness, Henry Lorin, told a Haas stockbroker that Mr. Laff should be killed.@@@@1@34@@oe@2-2-2013
21065023@unknown@formal@none@1@S@The conversation was taped by federal investigators in what Mr. Lang said was an effort to get Mr. Lorin to implicate Mr. Laff.@@@@1@23@@oe@2-2-2013
21065024@unknown@formal@none@1@S@In his opening arguments last week in federal court in New York, Mr. Lang told the jury that Mr. Lorin was the "real master criminal" behind the stock manipulation, and that Mr. Laff knew nothing about it.@@@@1@37@@oe@2-2-2013
21065025@unknown@formal@none@1@S@In March, Mr. Laff was indicted on 15 counts of conspiracy, mail and securities fraud, and obstructing an investigation by the Securities and Exchange Commission.@@@@1@25@@oe@2-2-2013
21065026@unknown@formal@none@1@S@The government has charged that Mr. Lorin and Mr. Laff were part of a conspiracy to maintain the prices of certain stocks at artificially high prices.@@@@1@26@@oe@2-2-2013
21065027@unknown@formal@none@1@S@Mr. Lorin, a stock promoter, pleaded guilty to the stock-manipulation charges in April and agreed to cooperate with the government's investigation of Mr. Laff.@@@@1@24@@oe@2-2-2013
21065028@unknown@formal@none@1@S@During his cross examination of Mr. Lorin, Mr. Lang read from the transcripts of a conversation that was taped Oct. 20, 1988.@@@@1@22@@oe@2-2-2013
21065029@unknown@formal@none@1@S@Stanley Aslanian, the Haas broker who agreed to carry a hidden microphone during the conversation, also has pleaded guilty to conspiracy to commit securities violations in the stock manipulation and agreed to cooperate.@@@@1@33@@oe@2-2-2013
21065030@unknown@formal@none@1@S@According to the transcript, Mr. Lorin said Mr. Laff should be killed after Mr. Aslanian told him that information given to Mr. Laff by another conspirator could jeopardize the stock scheme.@@@@1@31@@oe@2-2-2013
21065031@unknown@formal@none@1@S@Mr. Lorin then repeated the threat, and Mr. Aslanian urged him not to say such things.@@@@1@16@@oe@2-2-2013
21065032@unknown@formal@none@1@S@From the parts of the transcript read by Mr. Lang, it was unclear what exactly Mr. Lorin feared might happen.@@@@1@20@@oe@2-2-2013
21065033@unknown@formal@none@1@S@When asked for a copy of the transcript, Mr. Lang said Judge Thomas P. Griesa had instructed him not to release it or the memorandum.@@@@1@25@@oe@2-2-2013
21065034@unknown@formal@none@1@S@During the trial, Mr. Lang asked Mr. Lorin whether he had been so upset "that you considered killing Mr. Laff? . . .@@@@1@23@@oe@2-2-2013
21065035@unknown@formal@none@1@S@Isn't it true that you were so worked up that framing Mr. Laff for this crime was the least that you planned for him?"@@@@1@24@@oe@2-2-2013
21065036@unknown@formal@none@1@S@Mr. Lorin responded, "No."@@@@1@4@@oe@2-2-2013
21065037@unknown@formal@none@1@S@When Mr. Lang asked Mr. Lorin whether he had taken steps to have Mr. Laff killed, the witness again said no.@@@@1@21@@oe@2-2-2013
21065038@unknown@formal@none@1@S@Peter Lieb, the assistant U.S. attorney prosecuting the case, declined to comment on the trial.@@@@1@15@@oe@2-2-2013
21065039@unknown@formal@none@1@S@TRUSTEE WHO MONITORED settlement payments to Dalkon Shield claimants quits.@@@@1@10@@oe@2-2-2013
21065040@unknown@formal@none@1@S@Stephen A. Saltzburg, one of five trustees appointed to monitor payments to women injured by the Dalkon Shield intrauterine contraceptive, resigned, citing personal reasons.@@@@1@24@@oe@2-2-2013
21065041@unknown@formal@none@1@S@Mr. Saltzburg, who teaches evidence at the University of Virginia School of Law and was a deputy assistant attorney general in the U.S. Justice Department until August, submitted his resignation earlier this month to federal Judge Robert R. Merhige Jr., in Richmond, Va.@@@@1@43@@oe@2-2-2013
21065042@unknown@formal@none@1@S@Judge Merhige is overseeing the bankruptcy-law reorganization of A.H. Robins Co., the company that manufactured the shield.@@@@1@17@@oe@2-2-2013
21065043@unknown@formal@none@1@S@In a letter Monday to Mr. Saltzburg, the judge said he would "reluctantly" accept the resignation.@@@@1@16@@oe@2-2-2013
21065044@unknown@formal@none@1@S@The $2.38 billion Dalkon Shield Claimants Trust was established as part of A.H. Robins' bankruptcy-reorganization plan to resolve injury claims arising from use of the shield.@@@@1@26@@oe@2-2-2013
21065045@unknown@formal@none@1@S@American Home Products Corp. proposes to acquire the company.@@@@1@9@@oe@2-2-2013
21065046@unknown@formal@none@1@S@The remaining four trustees on the Claimants Trust have 60 days to nominate a successor to Mr. Saltzburg.@@@@1@18@@oe@2-2-2013
21065047@unknown@formal@none@1@S@Judge Merhige will make the appointment.@@@@1@6@@oe@2-2-2013
21065048@unknown@formal@none@1@S@CHICAGO LAW FIRM recruits American Express Co. vice president:@@@@1@9@@oe@2-2-2013
21065049@unknown@formal@none@1@S@Coffield Ungaretti Harris & Slavin brought in Howard A. Menell as a partner in its Washington, D.C., office, which opened Oct. 1.@@@@1@22@@oe@2-2-2013
21065050@unknown@formal@none@1@S@For the past six years, Mr. Menell, 43 years old, served as vice president for government affairs at American Express.@@@@1@20@@oe@2-2-2013
21065051@unknown@formal@none@1@S@He previously was staff director and counsel for the Senate committee on banking, housing and urban affairs.@@@@1@17@@oe@2-2-2013
21065052@unknown@formal@none@1@S@The other lawyer in the office is partner Robert A. Macari, the firm's legislative director.@@@@1@15@@oe@2-2-2013
21065053@unknown@formal@none@1@S@THE PHILADELPHIA law firm of Ballard, Spahr, Andrews & Ingersoll said three partners have joined its business and finance department.@@@@1@20@@oe@2-2-2013
21065054@unknown@formal@none@1@S@John Ake, 48, a former vice-president in charge of legal compliance at American Capital Management & Research Inc., in Houston, will join Ballard Spahr's corporate-securities practice.@@@@1@26@@oe@2-2-2013
21065055@unknown@formal@none@1@S@Kent Walker, 45, a former partner at the Philadelphia law firm of Mesirov, Gelman, Jaffe, Cramer & Jamieson, will specialize in antitrust, real estate and mergers and acquisitions.@@@@1@28@@oe@2-2-2013
21065056@unknown@formal@none@1@S@Richard L. Sherman, 42, will advise midsized businesses.@@@@1@8@@oe@2-2-2013
21065057@unknown@formal@none@1@S@Mr. Sherman is former deputy general counsel for SmithKline Beckman Corp., in Philadelphia, now SmithKline Beecham PLC, in London.@@@@1@19@@oe@2-2-2013
21066001@unknown@formal@none@1@S@Delmed Inc.'s top two officers resigned and were succeeded by executives of Fresenius USA Inc. and its parent, Fresenius AG, a major Delmed holder that has been negotiating to acquire a controlling stake.@@@@1@33@@oe@2-2-2013
21066002@unknown@formal@none@1@S@In addition, Delmed, which makes and sells a dialysis solution used in treating kidney diseases, said negotiations about pricing had collapsed between it and a major distributor, National Medical Care Inc.@@@@1@31@@oe@2-2-2013
21066003@unknown@formal@none@1@S@Delmed said Robert S. Ehrlich resigned as chairman, president and chief executive.@@@@1@12@@oe@2-2-2013
21066004@unknown@formal@none@1@S@Mr. Ehrlich will continue as a director and a consultant.@@@@1@10@@oe@2-2-2013
21066005@unknown@formal@none@1@S@Leslie I. Shapiro, chief operating officer and chief financial officer, also resigned, the company said.@@@@1@15@@oe@2-2-2013
21066006@unknown@formal@none@1@S@Mr. Ehrlich was succeeded as chairman by Gerd Krick, a director of Fresenius, a West German pharmaceutical concern.@@@@1@18@@oe@2-2-2013
21066007@unknown@formal@none@1@S@Ben Lipps, president of Fresenius USA, was named president, chief executive and chief operating officer.@@@@1@15@@oe@2-2-2013
21066008@unknown@formal@none@1@S@None of the officials was available for comment.@@@@1@8@@oe@2-2-2013
21066009@unknown@formal@none@1@S@In trading on the American Stock Exchange, Delmed closed at 50 cents, down 6.25 cents.@@@@1@15@@oe@2-2-2013
21066010@unknown@formal@none@1@S@Fresenius owns about 42% of Delmed's fully diluted common stock.@@@@1@10@@oe@2-2-2013
21066011@unknown@formal@none@1@S@The two companies have been discussing a transaction under which Fresenius would buy Delmed stock for cash to bring its beneficial ownership to between 70% and 80% of Delmed's fully diluted common stock.@@@@1@33@@oe@2-2-2013
21066012@unknown@formal@none@1@S@The transaction also would combine Fresenius USA and Delmed.@@@@1@9@@oe@2-2-2013
21066013@unknown@formal@none@1@S@Under the proposal, Delmed would issue about 123.5 million additional Delmed common shares to Fresenius at an average price of about 65 cents a share, though under no circumstances more than 75 cents a share.@@@@1@35@@oe@2-2-2013
21066014@unknown@formal@none@1@S@Yesterday, Delmed said it "continues to explore the possibility of a combination with Fresenius USA."@@@@1@15@@oe@2-2-2013
21066015@unknown@formal@none@1@S@It added that it is apparent that any terms of a combination "would be substantially less favorable than those previously announced."@@@@1@21@@oe@2-2-2013
21066016@unknown@formal@none@1@S@While the discussions between Delmed and National Medical Care have been discontinued, Delmed will continue to supply dialysis products through National Medical after their exclusive agreement ends in March 1990, Delmed said.@@@@1@32@@oe@2-2-2013
21066017@unknown@formal@none@1@S@In addition, Delmed is exploring distribution arrangements with Fresenius USA, Delmed said.@@@@1@12@@oe@2-2-2013
21067001@unknown@formal@none@1@S@Philip L. Hall, president of J. Lawrence Hall Co., Nashua, was named a director of this thrift holding company, filling a vacancy.@@@@1@22@@oe@2-2-2013
21068001@unknown@formal@none@1@S@Kennametal Inc. said it intends to acquire J&L America Inc. for $44 million plus a consideration of as much as an additional $12 million, payable over five years.@@@@1@28@@oe@2-2-2013
21068002@unknown@formal@none@1@S@Kennametal is a carbide-products and cutting-tools company.@@@@1@7@@oe@2-2-2013
21068003@unknown@formal@none@1@S@J&L, whose principal offices are in Detroit, is a mail-order distributer of industrial tools and supplies.@@@@1@16@@oe@2-2-2013
21068004@unknown@formal@none@1@S@The acquisition is subject to approval by Kennametal's board.@@@@1@9@@oe@2-2-2013
21069001@unknown@formal@none@1@S@Genentech Inc. said third-quarter profit more than doubled to $11.4 million, or 13 cents a share, from a depressed 1988 third-quarter performance of $5.3 million, or six cents a share.@@@@1@30@@oe@2-2-2013
21069002@unknown@formal@none@1@S@Revenue rose 23% to $100 million from $81.6 million.@@@@1@9@@oe@2-2-2013
21069003@unknown@formal@none@1@S@Net product sales accounted for $76 million, up from $57.5 million a year earlier.@@@@1@14@@oe@2-2-2013
21069004@unknown@formal@none@1@S@Sales of the heart drug TPA were $43.6 million, better than last year's depressed third period when the company sold just $29.1 million of the drug.@@@@1@26@@oe@2-2-2013
21069005@unknown@formal@none@1@S@But TPA sales fell below levels for this year's first and second quarter sales of $48 million, cooling investors.@@@@1@19@@oe@2-2-2013
21069006@unknown@formal@none@1@S@Genentech stock fell 12.5 cents in trading yesterday on the New York Stock Exchange to $20.125.@@@@1@16@@oe@2-2-2013
21069007@unknown@formal@none@1@S@In the nine months, net income slid 21% to $28.4 million, or 33 cents a share, from $36 million, or 42 cents a share.@@@@1@24@@oe@2-2-2013
21069008@unknown@formal@none@1@S@Revenues climbed 18% to $289 million from $245.3 million.@@@@1@9@@oe@2-2-2013
21069009@unknown@formal@none@1@S@"We continue to be on target for . . . increasing TPA sales 20% to 25% this year," said founder and Chief Executive Officer Robert Swanson.@@@@1@26@@oe@2-2-2013
21069010@unknown@formal@none@1@S@But some analysts remain sour on the company.@@@@1@8@@oe@2-2-2013
21069011@unknown@formal@none@1@S@"TPA sales are down quarter to quarter.@@@@1@7@@oe@2-2-2013
21069012@unknown@formal@none@1@S@Expenses are flat and that's a good sign.@@@@1@8@@oe@2-2-2013
21069013@unknown@formal@none@1@S@There's contract revenue from {limited research and development} partnerships.@@@@1@9@@oe@2-2-2013
21069014@unknown@formal@none@1@S@But I still think the fundamentals are poor," said Denise Gilbert, an analyst with Montgomery Securities in San Francisco.@@@@1@19@@oe@2-2-2013
21069015@unknown@formal@none@1@S@Genentech faces competition in the cardiac-drug market from SmithKline Beecham PLC's heart drug Eminase, expected to receive market approval shortly.@@@@1@20@@oe@2-2-2013
21069016@unknown@formal@none@1@S@And Genentech isn't likely to have any new products ready for market until at least 1992, Ms. Gilbert added.@@@@1@19@@oe@2-2-2013
21069017@unknown@formal@none@1@S@"The company's stock is trading at 40 times next year's numbers, and that's too much," she said.@@@@1@17@@oe@2-2-2013
21069018@unknown@formal@none@1@S@On the plus side, Genentech is benefiting from a lower tax rate due to its research outlays, giving a boost to earnings, she said.@@@@1@24@@oe@2-2-2013
21070001@unknown@formal@none@1@S@THE AMERICAN CANCER SOCIETY'S 1988 costs of fund raising and administration were $72.4 million, or 23.2% of its revenue.@@@@1@19@@oe@2-2-2013
21070002@unknown@formal@none@1@S@A chart in last Friday's special report on personal finance contained an incorrect figure supplied by NonProfit Times, a monthly newspaper covering charities.@@@@1@23@@oe@2-2-2013
21071001@unknown@formal@none@1@S@Ryder System Inc. posted a third-quarter net loss of $27.6 million, because of an expected $57 million after-tax charge and continued weakness in the company's truck-rental business.@@@@1@27@@oe@2-2-2013
21071002@unknown@formal@none@1@S@The loss, which is 38 cents a share, is the transportation services concern's first quarterly setback in more than a decade and compares with net income of $55.3 million, or 68 cents a share, in the year-ago period.@@@@1@38@@oe@2-2-2013
21071003@unknown@formal@none@1@S@The previous year's third quarter included gains on the sale of aircraft by the company's Aviation Leasing & Services Division.@@@@1@20@@oe@2-2-2013
21071004@unknown@formal@none@1@S@Revenue was flat at $1.3 billion.@@@@1@6@@oe@2-2-2013
21071005@unknown@formal@none@1@S@The latest quarter's after-tax charge -- which is 75 cents a share -- was related to adjustments to reserves for workers' compensation claims; reductions in vehicle fleets, staff and facilities; and writedowns of assets.@@@@1@34@@oe@2-2-2013
21071006@unknown@formal@none@1@S@Although Ryder didn't break out the charge, analysts estimated that the majority of the $57 million was linked to workers' compensation reserves and anticipated losses on the disposal of trucks.@@@@1@30@@oe@2-2-2013
21071007@unknown@formal@none@1@S@Many analysts said they weren't surprised that problems in many of Ryder's lines of business continued to plague the company.@@@@1@20@@oe@2-2-2013
21071008@unknown@formal@none@1@S@"It pretty much confirms what we had been expecting," said Anthony Hatch, an analyst at PaineWebber Inc.@@@@1@17@@oe@2-2-2013
21071009@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Ryder closed at $22.25, down 37.5 cents.@@@@1@15@@oe@2-2-2013
21071010@unknown@formal@none@1@S@M. Anthony Burns, Ryder's chairman and chief executive officer, said: "We're constantly trying to find ways to regain the earnings momentum.@@@@1@21@@oe@2-2-2013
21071011@unknown@formal@none@1@S@But we're still at the beginning stages of some of these changes."@@@@1@12@@oe@2-2-2013
21071012@unknown@formal@none@1@S@He said the fourth quarter will be "challenging," and maintained his conservative forecast that 1990 "won't be a barn burner."@@@@1@20@@oe@2-2-2013
21071013@unknown@formal@none@1@S@In the nine months, net income fell 79% to $31.1 million, or 33 cents a share, from $149.3 million, or $1.82 a share, a year earlier.@@@@1@26@@oe@2-2-2013
21071014@unknown@formal@none@1@S@Revenue rose slightly to $3.8 billion from $3.7 billion.@@@@1@9@@oe@2-2-2013
21072001@unknown@formal@none@1@S@Robert L. Wood, 37-year-old chief financial officer, was named chairman and chief executive officer of this independent power producer, succeeding Raymond L. Hixson, 63.@@@@1@24@@oe@2-2-2013
21072002@unknown@formal@none@1@S@Mr. Hixson, who resigned effective Jan. 1 for health reasons, remains a director.@@@@1@13@@oe@2-2-2013
21073001@unknown@formal@none@1@S@Advanced Medical Technologies Inc. said it purchased 93% of a unit of Henley Group Inc.@@@@1@15@@oe@2-2-2013
21073002@unknown@formal@none@1@S@Advanced Medical paid $106 million in cash for its share in a unit of Henley's Fisher Scientific subsidiary.@@@@1@18@@oe@2-2-2013
21073003@unknown@formal@none@1@S@The unit makes intravenous pumps used by hospitals and had more than $110 million in sales last year, according to Advanced Medical.@@@@1@22@@oe@2-2-2013
21074001@unknown@formal@none@1@S@Maxicare Health Plans Inc., operating under Chapter 11 bankrupty-law protection, outlined terms of its reorganization plan that calls for creditors and shareholders to receive at least $78.8 million in cash and $67 million face amount of 10-year, 13.5% notes.@@@@1@39@@oe@2-2-2013
21074002@unknown@formal@none@1@S@The plan, outlined in a filing with the Securities and Exchange Commission, also calls for creditors and shareholders to receive common stock and warrants in the new company.@@@@1@28@@oe@2-2-2013
21074003@unknown@formal@none@1@S@The health-maintenance concern said it reached the agreement with its court-appointed creditors' committees Sept. 28, and intends to submit the plan to the bankruptcy court in November.@@@@1@27@@oe@2-2-2013
21074004@unknown@formal@none@1@S@Maxicare, which filed for bankruptcy protection March 16, has total debt of $750 million.@@@@1@14@@oe@2-2-2013
21074005@unknown@formal@none@1@S@The company has promptly paid all its expenses and obligations since March 16, a Maxicare spokesman said.@@@@1@17@@oe@2-2-2013
21074006@unknown@formal@none@1@S@General unsecured creditors of Maxicare's continuing operations initially will receive $47 million in cash, $35 million face amount of senior notes, and 49% of the new company's stock.@@@@1@28@@oe@2-2-2013
21074007@unknown@formal@none@1@S@Those creditors, whose claims are estimated at about $200 million, include doctors and hospitals.@@@@1@14@@oe@2-2-2013
21074008@unknown@formal@none@1@S@General unsecured creditors of Maxicare's discontinued operations, whose claims total $110 million, initially will receive $17.8 million in cash and $10 million in senior notes.@@@@1@25@@oe@2-2-2013
21074009@unknown@formal@none@1@S@Maxicare's public shareholders will receive 2% of the new company's stock and warrants entitling them to acquire as much as an additional 5% of the stock on a fully-diluted basis.@@@@1@30@@oe@2-2-2013
21074010@unknown@formal@none@1@S@General unsecured creditors of the parent holding company initially will receive $14 million in cash, $22 million face amount of senior notes and 49% of the new company's stock.@@@@1@29@@oe@2-2-2013
21074011@unknown@formal@none@1@S@That group includes banks and bondholders, who have claims of $150 million and $350 million respectively.@@@@1@16@@oe@2-2-2013
21074012@unknown@formal@none@1@S@Maxicare also will guarantee that the banks will realize at least $7 million on certain notes pledged to them.@@@@1@19@@oe@2-2-2013
21074013@unknown@formal@none@1@S@Maxicare said the plan stipulates that enrollees in the company's health plans will have valid claims covered in full.@@@@1@19@@oe@2-2-2013
21074014@unknown@formal@none@1@S@Those claims, along with priority employee claims, administrative claims, priority tax claims and administrative convenience claims, are expected to total about $16 million.@@@@1@23@@oe@2-2-2013
21074015@unknown@formal@none@1@S@The plan is subject to approval by the bankruptcy court and others.@@@@1@12@@oe@2-2-2013
21074016@unknown@formal@none@1@S@The spokesman said Maxicare hopes to complete the reorganization by early 1990.@@@@1@12@@oe@2-2-2013
21075001@unknown@formal@none@1@S@Birmingham Steel Corp. said that its Emeryville, Calif., minimill sustained only minor damage from last week's earthquake.@@@@1@17@@oe@2-2-2013
21075002@unknown@formal@none@1@S@Steelmaking resumed Oct. 18, but the company expects production to be hampered in the next few months by traffic disruptions around the plant and outages for repair to gas and electric power systems.@@@@1@33@@oe@2-2-2013
21076001@unknown@formal@none@1@S@The average interest rate rose to 8.337% at Citicorp's $50 million weekly auction of 91-day commercial paper, or corporate IOUs, from 8.292% at last week's sale.@@@@1@26@@oe@2-2-2013
21076002@unknown@formal@none@1@S@Bids totaling $475 million were submitted.@@@@1@6@@oe@2-2-2013
21076003@unknown@formal@none@1@S@Accepted bids ranged from 8.328% to 8.347%.@@@@1@7@@oe@2-2-2013
21076004@unknown@formal@none@1@S@However, Citicorp said that the average rate fell to 7.962% at its $50 million auction of 182-day commercial paper from 7.986% at last week's sale.@@@@1@25@@oe@2-2-2013
21076005@unknown@formal@none@1@S@Bids totaling $425 million were submitted.@@@@1@6@@oe@2-2-2013
21076006@unknown@formal@none@1@S@Accepted bids were all at 7.962%.@@@@1@6@@oe@2-2-2013
21076007@unknown@formal@none@1@S@The bank holding company will auction another $50 million in each maturity next Tuesday.@@@@1@14@@oe@2-2-2013
21077001@unknown@formal@none@1@S@Hughes Aircraft Co., a General Motors Corp. unit, said the Intelsat VI commercial communications satellite is set to be launched Friday.@@@@1@21@@oe@2-2-2013
21077002@unknown@formal@none@1@S@The satellite, built by Hughes for the International Telecommunications Satellite Organization, is part of a $700 million contract awarded to Hughes in 1982 to develop five of the three-ton satellites.@@@@1@30@@oe@2-2-2013
21078001@unknown@formal@none@1@S@Italian car manufacturer Fiat said it isn't interested in partnership or industrial cooperation with Swedish auto and aerospace group Saab-Scania AB, which faces heavy losses in its car division.@@@@1@29@@oe@2-2-2013
21078002@unknown@formal@none@1@S@Fiat said it's only interested in technical cooperation with Saab.@@@@1@10@@oe@2-2-2013
21078003@unknown@formal@none@1@S@"We know that Saab is looking for a partner for industrial and financial cooperation," Fiat said.@@@@1@16@@oe@2-2-2013
21078004@unknown@formal@none@1@S@"But that partner isn't Fiat."@@@@1@5@@oe@2-2-2013
21078005@unknown@formal@none@1@S@The Italian auto maker confirmed that it was discussing technical cooperation with Saab, but declined to comment on rumors that it was planning to buy Saab's car division.@@@@1@28@@oe@2-2-2013
21078006@unknown@formal@none@1@S@Fiat's rejection of partnership with Saab means that the Swedish company, which announced last Friday that its pretax profit for the first eight months plummeted 49%, will have to look for a partner among other car manufacturers as both Ford Motor Corp. and Fiat have turned down the offer.@@@@1@49@@oe@2-2-2013
21078007@unknown@formal@none@1@S@News reports said yesterday that Saab is trying to start negotiations with French automakers Peugeot and Renault.@@@@1@17@@oe@2-2-2013
21079001@unknown@formal@none@1@S@ITT Corp., its insurance business hurt by Hurricane Hugo, reported a 4% decline in third-quarter net income, despite a 4.2% rise in revenue.@@@@1@23@@oe@2-2-2013
21079002@unknown@formal@none@1@S@ITT also forecast a fourth-quarter blow to earnings from the California earthquake.@@@@1@12@@oe@2-2-2013
21079003@unknown@formal@none@1@S@Except for insurance, however, ITT said it expects improved operating earnings "in all of our businesses for the full year."@@@@1@20@@oe@2-2-2013
21079004@unknown@formal@none@1@S@Third-quarter net income dropped to $221 million, or $1.55 a share, from $230 million, or $1.60 a share, in the year-earlier period.@@@@1@22@@oe@2-2-2013
21079005@unknown@formal@none@1@S@ITT bought back 8.8 million shares this year, including 2.8 million during the third quarter.@@@@1@15@@oe@2-2-2013
21079006@unknown@formal@none@1@S@Third-quarter revenue rose to $4.9 billion from $4.7 billion.@@@@1@9@@oe@2-2-2013
21079007@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, ITT common stock fell 62.5 cents to close at $58.75 a share.@@@@1@20@@oe@2-2-2013
21079008@unknown@formal@none@1@S@In addition to insurance and finance, ITT has interests in electronic parts, defense technology, automotive parts, fluid technology, pulp and timber, and communications and information services.@@@@1@26@@oe@2-2-2013
21079009@unknown@formal@none@1@S@"Hurricane Hugo losses and the continuing industrywide downturn in the property and casualty insurance business were the major factors affecting quarterly comparisons," said Rand V. Araskog, chairman and chief executive officer.@@@@1@31@@oe@2-2-2013
21079010@unknown@formal@none@1@S@ITT's Hartford Insurance Group had a $53 million quarterly pretax loss from Hurricane Hugo, ITT said.@@@@1@16@@oe@2-2-2013
21079011@unknown@formal@none@1@S@Hartford expects to report a further pretax loss of about $30 million for the current quarter, as a result of the California earthquake this month, ITT added.@@@@1@27@@oe@2-2-2013
21079012@unknown@formal@none@1@S@The company also disclosed its financial operations had increased reserves for bankrupt accounts, resulting in a $40 million pretax charge for the third quarter.@@@@1@24@@oe@2-2-2013
21079013@unknown@formal@none@1@S@This charge was partly offset, however, by $19 million in pretax capital gains.@@@@1@13@@oe@2-2-2013
21079014@unknown@formal@none@1@S@ITT also said its consumer finance unit agreed in September to settle a civil suit with the California attorney general over alleged improper lending and sales practices.@@@@1@27@@oe@2-2-2013
21079015@unknown@formal@none@1@S@Anticipating this settlement, the company recorded a pretax charge of $24 million during the fourth quarter of 1988.@@@@1@18@@oe@2-2-2013
21079016@unknown@formal@none@1@S@An ITT spokesman said the charge wasn't publicly reported at the time.@@@@1@12@@oe@2-2-2013
21079017@unknown@formal@none@1@S@"The company's product businesses, with the exception of electronic components, had higher operating earnings for the first nine months of 1989," the company said.@@@@1@24@@oe@2-2-2013
21079018@unknown@formal@none@1@S@Elaborating on the exception, it said volume and margins were lower in semiconductor and power systems operations.@@@@1@17@@oe@2-2-2013
21080001@unknown@formal@none@1@S@Amoco Corp. said it plans to install two platforms and drill as many as 22 wells to develop oil reserves it discovered in the Atlantic Ocean about 25 miles off the coast of Congo.@@@@1@34@@oe@2-2-2013
21080002@unknown@formal@none@1@S@Amoco, an energy concern, is the operator of the project with a 43.75% working interest, and other partners include Hydro Congo, the Congolese state oil company, with a 50% interest, and Kuwait Foreign Petroleum Exploration Co. with a 6.25% stake.@@@@1@40@@oe@2-2-2013
21080003@unknown@formal@none@1@S@Production is expected to be about 40,000 barrels of oil a day after completion of the drilling program.@@@@1@18@@oe@2-2-2013
21081001@unknown@formal@none@1@S@Jacobs Engineering Group Inc.'s Jacobs International unit was selected to design and build a microcomputer-systems manufacturing plant in County Kildare, Ireland, for Intel Corp.@@@@1@24@@oe@2-2-2013
21081002@unknown@formal@none@1@S@Jacobs is an international engineering and construction concern.@@@@1@8@@oe@2-2-2013
21081003@unknown@formal@none@1@S@Total capital investment at the site could be as much as $400 million, according to Intel.@@@@1@16@@oe@2-2-2013
21081004@unknown@formal@none@1@S@The 150,000-square-foot plant will be constructed on a 55-acre site near Dublin.@@@@1@12@@oe@2-2-2013
21081005@unknown@formal@none@1@S@Jacobs Engineering officials couldn't be reached for comment.@@@@1@8@@oe@2-2-2013
21082001@unknown@formal@none@1@S@Bob Evans Inc. said its board authorized the purchase of as many as 500,000 shares of its common.@@@@1@18@@oe@2-2-2013
21082002@unknown@formal@none@1@S@The stock, to be purchased on the open market or through privately negotiated transactions, will be held as treasury shares for stock options or other general corporate purposes.@@@@1@28@@oe@2-2-2013
21082003@unknown@formal@none@1@S@The program expires April 27.@@@@1@5@@oe@2-2-2013
21082004@unknown@formal@none@1@S@The restaurant operator had 32.2 million shares outstanding as of Sept. 29.@@@@1@12@@oe@2-2-2013
21083001@unknown@formal@none@1@S@Coda Energy Inc. said it completed the sale of Phenix-Transmission Co. to Bishop Pipeline Co., for $17 million in cash and notes.@@@@1@22@@oe@2-2-2013
21083002@unknown@formal@none@1@S@Coda, an oil and gas concern, said it and its partners received $7 million in cash and $10 million in five-year notes for the Kansas intrastate pipeline.@@@@1@27@@oe@2-2-2013
21083003@unknown@formal@none@1@S@Coda owned 60% of the pipeline and private entities owned the rest.@@@@1@12@@oe@2-2-2013
21083004@unknown@formal@none@1@S@Bishop is based in Hutchinson, Kansas.@@@@1@6@@oe@2-2-2013
21084001@unknown@formal@none@1@S@French consumer prices rose 0.2% in September from August, according to provisional estimates by the National Statistics Institute.@@@@1@18@@oe@2-2-2013
21084002@unknown@formal@none@1@S@The agency noted that because of a strike by Finance Ministry personnel the provisional estimate doesn't correspond exactly to the consumer price index usually published.@@@@1@25@@oe@2-2-2013
21084003@unknown@formal@none@1@S@The agency noted, however, the estimate will likely be confirmed.@@@@1@10@@oe@2-2-2013
21084004@unknown@formal@none@1@S@The institute didn't estimate annual price growth in September, but a 0.2% rise by the consumer price index would put growth at either 178.8 or 178.9, up 3.3% or 3.4% from the year-earlier level of 173.1.@@@@1@36@@oe@2-2-2013
21084005@unknown@formal@none@1@S@The index was 178.5 in August and is based on 1980 equaling 100.@@@@1@13@@oe@2-2-2013
21085001@unknown@formal@none@1@S@International Technology Corp. and Davy McKee Corp., a unit of London's Davy Corp., said they were awarded a $55 million contract by the U.S. Army Corps of Engineers for the closure of the Helen Kramer Landfill Superfund site in Mantua Township, N.J.@@@@1@42@@oe@2-2-2013
21085002@unknown@formal@none@1@S@International Technology, an environmental management concern, said the contract includes construction of slurry walls, gas collection systems, a multilayer cap and water treatment plant.@@@@1@24@@oe@2-2-2013
21086001@unknown@formal@none@1@S@U.S. Memories Inc., the venture that seeks to crack Japan's domination of the memory-chip market, said it has chosen four potential sites for its operations after a fierce bidding war by 15 states.@@@@1@33@@oe@2-2-2013
21086002@unknown@formal@none@1@S@U.S. Memories said it will begin visits during the next several weeks to sites in Austin, Texas; Colorado Springs, Colo.; Middletown, N.Y.; and Phoenix, Ariz.@@@@1@25@@oe@2-2-2013
21086003@unknown@formal@none@1@S@Sanford Kane, president, said the finalists were chosen from among 57 locations based on financial, business, and quality of life considerations.@@@@1@21@@oe@2-2-2013
21086004@unknown@formal@none@1@S@Conspicuous by its absence is California.@@@@1@6@@oe@2-2-2013
21086005@unknown@formal@none@1@S@San Jose and several other California cities mounted major campaigns during the summer to woo the group, which was founded last June by seven electronics concerns.@@@@1@26@@oe@2-2-2013
21086006@unknown@formal@none@1@S@The venture plans to announce a final site by late November.@@@@1@11@@oe@2-2-2013
21086007@unknown@formal@none@1@S@It expects to begin construction by year end and start shipping four-megabit dynamic random-access memory chips by mid-1991.@@@@1@18@@oe@2-2-2013
21086008@unknown@formal@none@1@S@U.S. Memories investors include Advanced Micro Devices Inc., Digital Equipment Corp., Hewlett-Packard Co., International Business Machines Corp., Intel Corp., LSI Logic Corp., and National Semiconductor Corp.@@@@1@26@@oe@2-2-2013
21086009@unknown@formal@none@1@S@Mr. Kane said he expects several other companies to join some time after the venture completes a business plan, probably later this week.@@@@1@23@@oe@2-2-2013
21087001@unknown@formal@none@1@S@A seat on the Chicago Board of Trade was sold for $390,000, unchanged from the previous sale Oct. 13.@@@@1@19@@oe@2-2-2013
21087002@unknown@formal@none@1@S@Seats currently are quoted at $361,000 bid, $395,000 asked.@@@@1@9@@oe@2-2-2013
21087003@unknown@formal@none@1@S@The record price for a full membership on the exchange is $550,000, set Aug. 31, 1987.@@@@1@16@@oe@2-2-2013
21088001@unknown@formal@none@1@S@Dennis R. Mangino, a general manager of EniChem Americas, was named vice president of research and development, a new post at this steel company.@@@@1@24@@oe@2-2-2013
21089001@unknown@formal@none@1@S@Fred D. Thompson, a 47-year-old attorney in private practice in Washington and Nashville, Tenn., was elected to the board of this engineering and construction company.@@@@1@25@@oe@2-2-2013
21089002@unknown@formal@none@1@S@The board increased to 11 seats.@@@@1@6@@oe@2-2-2013
21090001@unknown@formal@none@1@S@Sun Microsystems Inc. said Prime Computer Inc. has agreed to resell as much as $200 million worth of Sun's machines over the next two years.@@@@1@25@@oe@2-2-2013
21090002@unknown@formal@none@1@S@The computers use the company's own microprocessor called Sparc, Sun said.@@@@1@11@@oe@2-2-2013
21091001@unknown@formal@none@1@S@Quickview Systems Inc. said it filed a lawsuit against Apple Computer Inc., claiming patent infringement in an element of Apple's popular HyperCard software program.@@@@1@24@@oe@2-2-2013
21091002@unknown@formal@none@1@S@The suit, filed in Minneapolis federal court, claims that Apple violated a Quickview patent that allows computer users to display "only portions of multiple fields on a computer screen with the ability to see the entire contents of any given field."@@@@1@41@@oe@2-2-2013
21091003@unknown@formal@none@1@S@The HyperCard program allows users to design applications for Macintosh computers without having to be hardcore programmers and is distributed with every Macintosh sold.@@@@1@24@@oe@2-2-2013
21091004@unknown@formal@none@1@S@It's one of the most popular computer programs of all time, but analysts said the Quickview suit doesn't appear to bode major difficulties for Apple.@@@@1@25@@oe@2-2-2013
21091005@unknown@formal@none@1@S@The technology at issue "is not an underlying technology of HyperCard to my knowledge," said Danny Goodman, a San Francisco-area HyperCard program developer.@@@@1@23@@oe@2-2-2013
21091006@unknown@formal@none@1@S@Nonetheless, the suit seeks unspecified damages that an attorney for Quickview claimed could run into the millions of dollars.@@@@1@19@@oe@2-2-2013
21091007@unknown@formal@none@1@S@In Cupertino, Calif., Apple said that it believes the case has no merit, and that HyperCard does not infringe "any valid claims" of the Quickview patents.@@@@1@26@@oe@2-2-2013
21091008@unknown@formal@none@1@S@It said it filed an action of its own in federal court in San Jose, Calif., seeking a declaration that Quickview's claims are invalid.@@@@1@24@@oe@2-2-2013
21092001@unknown@formal@none@1@S@This is in response to Atsushi Kageyama's Manager's Journal, "Looking for the Real Thing in Sony" (editorial page, Oct. 2).@@@@1@20@@oe@2-2-2013
21092002@unknown@formal@none@1@S@Though I agree with many of Mr. Kageyama's comments, I believe he points the gun in the wrong direction: It isn't the Americans who must be criticized for not understanding the Japanese culture, but the Japanese who insist on forcing their culture on Americans.@@@@1@44@@oe@2-2-2013
21092003@unknown@formal@none@1@S@The Japanese want us to accept their culture, but they refuse to accept the American culture.@@@@1@16@@oe@2-2-2013
21092004@unknown@formal@none@1@S@Japanese managers can't expect Americans to behave as if they were Japanese; instead, they must manage Americans as Americans.@@@@1@19@@oe@2-2-2013
21092005@unknown@formal@none@1@S@Americans are expected to conform to the Japanese culture when in Japan.@@@@1@12@@oe@2-2-2013
21092006@unknown@formal@none@1@S@What is wrong with expecting the Japanese to conform to American norms when they locate here?@@@@1@16@@oe@2-2-2013
21092007@unknown@formal@none@1@S@Americans place native or native speakers in charge of subsidiaries overseas.@@@@1@11@@oe@2-2-2013
21092008@unknown@formal@none@1@S@European multinationals do likewise; even in America, their affiliates are usually run by American managers.@@@@1@15@@oe@2-2-2013
21092009@unknown@formal@none@1@S@But the Japanese insist upon Japanese managers everywhere they set up shop.@@@@1@12@@oe@2-2-2013
21092010@unknown@formal@none@1@S@Do the Japanese feel so superior that they cannot find capable American managers?@@@@1@13@@oe@2-2-2013
21092011@unknown@formal@none@1@S@Paul A. Herbig Indiana University Bloomington, Ind.@@@@1@7@@oe@2-2-2013
21092012@unknown@formal@none@1@S@Mr. Kageyama suggests that Kotobuki Electronics Industries workers were having difficulty understanding their foreign bosses' perspective.@@@@1@16@@oe@2-2-2013
21092013@unknown@formal@none@1@S@While Mr. Kageyama does an excellent job of explaining the differences, both cultural and philosophic, I question his perspective.@@@@1@19@@oe@2-2-2013
21092014@unknown@formal@none@1@S@Would he suggest that employees of an American company doing business in Japan conform to their new bosses' culture and philosophy?@@@@1@21@@oe@2-2-2013
21092015@unknown@formal@none@1@S@Obviously not.@@@@1@2@@oe@2-2-2013
21092016@unknown@formal@none@1@S@Thus the conclusion is that the burden rests with management to understand/adopt the culture and philosophy of the country in which they are operating.@@@@1@24@@oe@2-2-2013
21092017@unknown@formal@none@1@S@The workers can be motivated, and the company reach its full potential, only when management embraces the employees' perspective.@@@@1@19@@oe@2-2-2013
21092018@unknown@formal@none@1@S@A. Lawton Langford President Municipal Code Corp. Tallahassee, Fla.@@@@1@9@@oe@2-2-2013
21092019@unknown@formal@none@1@S@I believe Mr. Kageyama left out one major aspect of Japanese culture that permeated his piece: the belief in the superiority of Japanese culture and behavior vs. others.@@@@1@28@@oe@2-2-2013
21092020@unknown@formal@none@1@S@A manager should not have to rebut the opinions of his employees about the style of his management.@@@@1@18@@oe@2-2-2013
21092021@unknown@formal@none@1@S@Instead, he should listen to see how that criticism can be used constructively to advance his objective of carrying out a set of tasks through the efforts of his subordinates.@@@@1@30@@oe@2-2-2013
21092022@unknown@formal@none@1@S@Japanese culture vs. American culture is irrelevant.@@@@1@7@@oe@2-2-2013
21092023@unknown@formal@none@1@S@The key is how a manager from one culture can motivate employees from another.@@@@1@14@@oe@2-2-2013
21092024@unknown@formal@none@1@S@For Mr. Kageyama to argue that American employees must passively accept a direct imposition of the Japanese way of doing things is outright cultural chauvinism of the first order.@@@@1@29@@oe@2-2-2013
21092025@unknown@formal@none@1@S@The Japanese are neglecting the opportunity to synthesize a new corporate culture based on a fusion of the best aspects of both national cultures.@@@@1@24@@oe@2-2-2013
21092026@unknown@formal@none@1@S@Mr. Kageyama is accurate to deny a specific anti-American bias.@@@@1@10@@oe@2-2-2013
21092027@unknown@formal@none@1@S@It is more difficult to deny a general bigotry in seeing things only the Japanese way.@@@@1@16@@oe@2-2-2013
21092028@unknown@formal@none@1@S@When the response to criticism is only a better explanation of policies without altering the reasons for the criticism, I am convinced that Mr. Kageyama has still failed to attack the root cause of the problem and is simply treating symptoms.@@@@1@41@@oe@2-2-2013
21092029@unknown@formal@none@1@S@Norman L. Owens Tempe, Ariz.@@@@1@5@@oe@2-2-2013
21093001@unknown@formal@none@1@S@Cie. Generale des Eaux reported that net profit climbed 30% in the first half of 1989 and said that it expects a gain of about 25% for the full year.@@@@1@30@@oe@2-2-2013
21093002@unknown@formal@none@1@S@The French water treatment group said consolidated net profit after payments to minority interests rose to 749 million francs (US$119.2 million) from 575 million francs in the first half of 1988.@@@@1@31@@oe@2-2-2013
21093003@unknown@formal@none@1@S@Revenue climbed 13% to 45.4 billion francs from 40.1 billion.@@@@1@10@@oe@2-2-2013
21093004@unknown@formal@none@1@S@Generale des Eaux said the earnings gain was led by its water, energy and building activities.@@@@1@16@@oe@2-2-2013
21094001@unknown@formal@none@1@S@As a presidential candidate in 1980, George Bush forthrightly expressed his position on abortion in an interview with Rolling Stone magazine published that March.@@@@1@24@@oe@2-2-2013
21094002@unknown@formal@none@1@S@What did he think of the Supreme Court's decision legalizing abortion?@@@@1@11@@oe@2-2-2013
21094003@unknown@formal@none@1@S@"I happen to think it was right," Mr. Bush said flatly.@@@@1@11@@oe@2-2-2013
21094004@unknown@formal@none@1@S@A few months later, Mr. Bush became Ronald Reagan's running mate.@@@@1@11@@oe@2-2-2013
21094005@unknown@formal@none@1@S@Suddenly, George Bush the pro-choice advocate became George Bush the anti-abortionist.@@@@1@11@@oe@2-2-2013
21094006@unknown@formal@none@1@S@And the vacillation didn't end there.@@@@1@6@@oe@2-2-2013
21094007@unknown@formal@none@1@S@Just a month ago, Mr. Bush sternly threatened to veto a pending welfare bill if it provided any abortion funds, except to save a woman's life.@@@@1@26@@oe@2-2-2013
21094008@unknown@formal@none@1@S@Then, two weeks ago -- declaring that "I'm not looking for any conflict over this" -- the president said he would consider a compromise to fund abortions for poor women in cases of rape and incest.@@@@1@36@@oe@2-2-2013
21094009@unknown@formal@none@1@S@But only four days after that, Mr. Bush resurrected the veto threat.@@@@1@12@@oe@2-2-2013
21094010@unknown@formal@none@1@S@"I do not support federal funding for abortions except where the mother's life is threatened," he proclaimed, and finally vetoed the measure last weekend.@@@@1@24@@oe@2-2-2013
21094011@unknown@formal@none@1@S@So what does George Bush really believe?@@@@1@7@@oe@2-2-2013
21094012@unknown@formal@none@1@S@The answer is so murky that it is beginning to get this popular president in trouble with each of the increasingly vocal, increasingly powerful sides of the abortion issue.@@@@1@29@@oe@2-2-2013
21094013@unknown@formal@none@1@S@The result is mistrust and criticism from all around.@@@@1@9@@oe@2-2-2013
21094014@unknown@formal@none@1@S@Anti-abortion forces regard him as at best an uncertain ally.@@@@1@10@@oe@2-2-2013
21094015@unknown@formal@none@1@S@"In all honesty if you ask me, `Is this man a true believer?' I don't know," says John Fowler, head of the Washington-based Ad Hoc Committee in Defense of Life Inc.@@@@1@31@@oe@2-2-2013
21094016@unknown@formal@none@1@S@Yet abortion-rights forces remain bitterly critical.@@@@1@6@@oe@2-2-2013
21094017@unknown@formal@none@1@S@Douglas Gould, vice president of communications for the Planned Parenthood Federation of America, calls Mr. Bush's position on the abortion-funding issue "extremely cruel," adding: "The guy hasn't done one thing about prevention.@@@@1@32@@oe@2-2-2013
21094018@unknown@formal@none@1@S@He's totally geared to a punitive position."@@@@1@7@@oe@2-2-2013
21094019@unknown@formal@none@1@S@Mr. Bush is plainly uncomfortable with the entire abortion question.@@@@1@10@@oe@2-2-2013
21094020@unknown@formal@none@1@S@For most of the past nine years, he has striven to convince anti-abortion activists of his stalwart support for their position.@@@@1@21@@oe@2-2-2013
21094021@unknown@formal@none@1@S@But ever since the Supreme Court's Webster vs. Reproductive Health Services decision this year changed the political landscape of the abortion issue, the president seemingly has tried just as hard to avoid saying anything more unless pressed to the wall.@@@@1@40@@oe@2-2-2013
21094022@unknown@formal@none@1@S@Many Americans still agonize over their own personal feelings about abortion.@@@@1@11@@oe@2-2-2013
21094023@unknown@formal@none@1@S@Mr. Bush's problem isn't so much that he seems to be agonizing over the issue as it is that he seems to vacillate on it.@@@@1@25@@oe@2-2-2013
21094024@unknown@formal@none@1@S@The political risk would be far less if the president drew a firm line and hewed to it, experts insist.@@@@1@20@@oe@2-2-2013
21094025@unknown@formal@none@1@S@"If you have a position, you're better off to stick with it than to move around very much," says Republican strategist John Sears.@@@@1@23@@oe@2-2-2013
21094026@unknown@formal@none@1@S@The need for consistency is especially acute for Mr. Bush, who, Mr. Sears maintains, lacks a strong ideological base.@@@@1@19@@oe@2-2-2013
21094027@unknown@formal@none@1@S@By his moderate Republican heritage as well as the warnings of political advisers who say the issue is vital to younger voters, the president might seem to have at least some sympathy with abortion-rights arguments.@@@@1@35@@oe@2-2-2013
21094028@unknown@formal@none@1@S@Yet he is also firmly bound by his hard-line rhetoric and promises he made to anti-abortion activists during his long pursuit of the White House.@@@@1@25@@oe@2-2-2013
21094029@unknown@formal@none@1@S@On many issues -- flag-burning, for instance -- his keen political sensitivities overcome such conflicts.@@@@1@15@@oe@2-2-2013
21094030@unknown@formal@none@1@S@But Mr. Bush and his advisers miscalculated the politics of the abortion issue, failing to grasp how dramatically the abortion-rights movement would be aroused following last summer's Supreme Court decision to restrict those rights in the Webster case.@@@@1@38@@oe@2-2-2013
21094031@unknown@formal@none@1@S@"It was one of the quickest changes in public attitudes I've ever seen," says former Reagan pollster Richard Wirthlin.@@@@1@19@@oe@2-2-2013
21094032@unknown@formal@none@1@S@These days, when others raise the subject of abortion, the usually loquacious president can be close-mouthed almost to the point of curtness.@@@@1@22@@oe@2-2-2013
21094033@unknown@formal@none@1@S@Ten days ago he was asked to amplify the reasons behind his anti-abortion stance.@@@@1@14@@oe@2-2-2013
21094034@unknown@formal@none@1@S@"My position is well-known and well-stated," he replied.@@@@1@8@@oe@2-2-2013
21094035@unknown@formal@none@1@S@A close look at his record over the last 15 years suggests that Mr. Bush has well-stated his views -- on all sides of the issue.@@@@1@26@@oe@2-2-2013
21094036@unknown@formal@none@1@S@In 1974, as the U.S. representative to the United Nations, he wrote an introduction to a book on world population in which he boasted of his leadership during his term in Congress in expanding family-planning services for the poor.@@@@1@39@@oe@2-2-2013
21094037@unknown@formal@none@1@S@Running for president in early 1980, he was also quoted as supporting federal funding for abortions in cases of rape, incest and to save the life of the mother.@@@@1@29@@oe@2-2-2013
21094038@unknown@formal@none@1@S@In his Rolling Stone interview in 1980, Mr. Bush volunteered his abortion-rights remarks to contrast himself with his rival, Ronald Reagan.@@@@1@21@@oe@2-2-2013
21094039@unknown@formal@none@1@S@In addition to supporting the landmark Roe vs. Wade Supreme Court decision legalizing abortion, Mr. Bush said he opposed the constitutional ban on abortion that Mr. Reagan was promising to promote.@@@@1@31@@oe@2-2-2013
21094040@unknown@formal@none@1@S@As Mr. Reagan's running mate, though, Mr. Bush plunged headlong into the anti-abortion position, endorsing a constitutional amendment outlawing abortion.@@@@1@20@@oe@2-2-2013
21094041@unknown@formal@none@1@S@He acknowledged only one difference with Mr. Reagan -- that the amendment ought to have exceptions for rape and incest as well as to save a woman's life.@@@@1@28@@oe@2-2-2013
21094042@unknown@formal@none@1@S@Throughout the early 1980s, Mr. Bush was quoted sometimes supporting federal funding for abortion in cases of rape and incest and sometimes opposing it.@@@@1@24@@oe@2-2-2013
21094043@unknown@formal@none@1@S@In April 1986, then-Vice President Bush had his staff write a letter spelling out that he would support a constitutional amendment banning abortions except in cases of rape, incest and life endangerment, but that he opposed federal funding in all but the latter case.@@@@1@44@@oe@2-2-2013
21094044@unknown@formal@none@1@S@At the GOP convention last year, he again came out for an amendment with exceptions for rape, incest and life endangerment.@@@@1@21@@oe@2-2-2013
21094045@unknown@formal@none@1@S@His rhetoric gathered momentum as he rolled into office, affirming his "firm support of our cause" during an anti-abortion rally three days after his inauguration last January.@@@@1@27@@oe@2-2-2013
21094046@unknown@formal@none@1@S@He again urged passage of a constitutional amendment outlawing abortion.@@@@1@10@@oe@2-2-2013
21094047@unknown@formal@none@1@S@But when the high court ruled in the Webster case in July, the president began to lower the volume.@@@@1@19@@oe@2-2-2013
21094048@unknown@formal@none@1@S@When the ruling was handed down, the vacationing president dispatched Chief of Staff John Sununu to issue a statement and refused to answer questions himself.@@@@1@25@@oe@2-2-2013
21094049@unknown@formal@none@1@S@He did later threaten vetoes over legislation restoring the District of Columbia's right to use its own tax money to fund abortions for poor women and over restoring funding to the United Nations Population Fund.@@@@1@35@@oe@2-2-2013
21094050@unknown@formal@none@1@S@But in the months since then, while trying to drum up support for other issues -- such as an anti-flag-burning constitutional amendment -- he has shied away from talking about abortion.@@@@1@31@@oe@2-2-2013
21094051@unknown@formal@none@1@S@What few comments he has initiated have been oblique, such as urging "greater efforts toward the protection of human life" at a meeting of Catholic lawyers in Boston last month.@@@@1@30@@oe@2-2-2013
21094052@unknown@formal@none@1@S@The White House has likewise avoided any involvement in Florida's recent special legislative session on abortion, which anti-abortion forces had regarded as a key test of their ability to get state lawmakers to toughen abortion restrictions.@@@@1@36@@oe@2-2-2013
21094053@unknown@formal@none@1@S@The session failed to enact any new curbs.@@@@1@8@@oe@2-2-2013
21094054@unknown@formal@none@1@S@Now, some see Mr. Bush trapped in a position he is neither comfortable with nor able to escape.@@@@1@18@@oe@2-2-2013
21094055@unknown@formal@none@1@S@Ken Ruberg, head of the Republican Mainstream Committee, a group of party moderates, observes: "The administration finds itself in an ideological cul de sac that it will find it difficult -- if not impossible -- to get itself out of.@@@@1@40@@oe@2-2-2013
21095001@unknown@formal@none@1@S@Christopher Cox's Oct. 13 editorial-page article "Toward More Crippling Lawsuits . . ." misses the point.@@@@1@16@@oe@2-2-2013
21095002@unknown@formal@none@1@S@The 1989 Americans With Disabilities Act is about eliminating discriminatory barriers.@@@@1@11@@oe@2-2-2013
21095003@unknown@formal@none@1@S@When we look closely at our own history, it is clear that our constitutionally mandated civil rights have evolved not through the goodness of people's hearts but through legislation and constitutional amendments.@@@@1@32@@oe@2-2-2013
21095004@unknown@formal@none@1@S@This is how American women won the right to vote.@@@@1@10@@oe@2-2-2013
21095005@unknown@formal@none@1@S@And it is how African-Americans and other minority groups were guaranteed their equal rights as citizens in this nation.@@@@1@19@@oe@2-2-2013
21095006@unknown@formal@none@1@S@For the more than 43 million Americans with disabilities, the 1989 Americans With Disabilities Act provides the missing piece.@@@@1@19@@oe@2-2-2013
21095007@unknown@formal@none@1@S@Disabled Americans have had their civil rights guaranteed in all federally funded programs since Section 504 was passed as a part of the 1973 Rehabilitation Act.@@@@1@26@@oe@2-2-2013
21095008@unknown@formal@none@1@S@The 1989 act simply extends these guarantees to the private sector.@@@@1@11@@oe@2-2-2013
21095009@unknown@formal@none@1@S@Those who fear a plethora of suits paralyzing our legal system need only look at the record on the Rehabilitation Act.@@@@1@21@@oe@2-2-2013
21095010@unknown@formal@none@1@S@Without legal recourse, there are no guarantees of civil rights for anyone.@@@@1@12@@oe@2-2-2013
21095011@unknown@formal@none@1@S@John R. Garrison President National Easter Seal Society@@@@1@8@@oe@2-2-2013
21096001@unknown@formal@none@1@S@Ford Motor Co. said it is consolidating control of its Asian operations under a new organization here that will be headed by W. Wayne Booker.@@@@1@25@@oe@2-2-2013
21096002@unknown@formal@none@1@S@Ford Asia-Pacific will coordinate the activities of Ford subsidiaries in Japan, Australia, Taiwan and New Zealand and work with Ford business associates throughout the region.@@@@1@25@@oe@2-2-2013
21096003@unknown@formal@none@1@S@These functions are currently performed out of Melbourne, Australia, and at Ford's headquarters in Dearborn, Mich.@@@@1@16@@oe@2-2-2013
21096004@unknown@formal@none@1@S@Mr. Booker, executive director of Ford's Latin America Automotive Operations since December 1988, was named vice president of Ford Asia-Pacific.@@@@1@20@@oe@2-2-2013
21097001@unknown@formal@none@1@S@Goodyear Tire & Rubber Co., buoyed by improved operating profit in its tire segment, reported that third-quarter net income rose 11% to $70.5 million, or $1.22 a share.@@@@1@28@@oe@2-2-2013
21097002@unknown@formal@none@1@S@In the year-ago period, Goodyear had net of $63.5 million, or $1.11 a share.@@@@1@14@@oe@2-2-2013
21097003@unknown@formal@none@1@S@Sales rose slightly to $2.68 billion, from $2.66 billion.@@@@1@9@@oe@2-2-2013
21097004@unknown@formal@none@1@S@Analysts had mixed responses to the results.@@@@1@7@@oe@2-2-2013
21097005@unknown@formal@none@1@S@Donald DeScenza, an independent analyst in New Canaan, Conn., said he was "impressed with the company's performance."@@@@1@17@@oe@2-2-2013
21097006@unknown@formal@none@1@S@He said results were better than he'd expected and indicate that Goodyear is in the midst of a turnaround from a string of lackluster quarters that have plagued the company for a year.@@@@1@33@@oe@2-2-2013
21097007@unknown@formal@none@1@S@However, Harry Millis, an analyst at McDonald & Co., Cleveland, said Goodyear's results "fell at the bottom" of his range of estimates.@@@@1@22@@oe@2-2-2013
21097008@unknown@formal@none@1@S@Excluding an increase in the tax rate and the effects of foreign currency translations, Mr. Millis said the company's results "were still a little disappointing."@@@@1@25@@oe@2-2-2013
21097009@unknown@formal@none@1@S@Goodyear's stock, which has been weak in recent weeks, fell $2.875 yesterday to close at $43.875 a share in composite trading on the New York Stock Exchange.@@@@1@27@@oe@2-2-2013
21097010@unknown@formal@none@1@S@The Akron, Ohio-based company said pretax operating income in its tire segment jumped about 31% to $196.2 million from $150.2 million a year earlier, reflecting improvements in raw material costs, sales of replacement tires and pricing.@@@@1@36@@oe@2-2-2013
21097011@unknown@formal@none@1@S@McDonald's Mr. Millis said Goodyear appeared to have held or gained some market share in the U.S. for the first time since the second quarter of 1988.@@@@1@27@@oe@2-2-2013
21097012@unknown@formal@none@1@S@But Goodyear said total U.S. tire unit sales were off about 2%.@@@@1@12@@oe@2-2-2013
21097013@unknown@formal@none@1@S@Total tire segment sales were up only about 1% to $2.2 billion, and the company said it reduced manufacturing levels at some of its U.S. tire plants because of inventory adjustments and slackened production by auto makers.@@@@1@37@@oe@2-2-2013
21097014@unknown@formal@none@1@S@In the latest quarter, Goodyear's tax rate was 51% compared with 41% a year earlier.@@@@1@15@@oe@2-2-2013
21097015@unknown@formal@none@1@S@As a result, total tax outlays were $73.5 million, compared with $44.1 million the year earlier.@@@@1@16@@oe@2-2-2013
21097016@unknown@formal@none@1@S@For the nine months, profit skidded about 35%, reflecting charges taken in this year's second quarter and the effect of translations of weaker foreign currencies into the stronger U.S. dollar.@@@@1@30@@oe@2-2-2013
21097017@unknown@formal@none@1@S@Net was $192.1 million, or $3.33 a share, compared with net of $293.7 million, or $5.13 a share, the year earlier.@@@@1@21@@oe@2-2-2013
21097018@unknown@formal@none@1@S@The latest nine months included charges of $95 million related to the company's South African subsidiary and unused pipe sold by its crude oil pipeline unit.@@@@1@26@@oe@2-2-2013
21097019@unknown@formal@none@1@S@Sales rose nearly 2% to $8.13 billion from $7.98 billion.@@@@1@10@@oe@2-2-2013
21098001@unknown@formal@none@1@S@Environmental Control Group Inc. said it expects to report "minimal" earnings or a loss for the third quarter.@@@@1@18@@oe@2-2-2013
21098002@unknown@formal@none@1@S@The environmental services company said that the discontinuation of unsuccessful product lines and an increase in baddebt reserves probably will result in charges of $2.5 million to $4 million, most of which will be taken against third-quarter results.@@@@1@38@@oe@2-2-2013
21098003@unknown@formal@none@1@S@In the year-ago quarter, the company reported earnings of $2.2 million, or 35 cents a share.@@@@1@16@@oe@2-2-2013
21099001@unknown@formal@none@1@S@Former USX Corp. Chairman David M. Roderick may have been lucky he retired last May.@@@@1@15@@oe@2-2-2013
21099002@unknown@formal@none@1@S@As he handed over the reins to successor Charles A. Corry, steel profits were close to a cyclical peak.@@@@1@19@@oe@2-2-2013
21099003@unknown@formal@none@1@S@Though imports were troublesome, they weren't running away with the market, and American companies had high hopes that steel import quotas would be extended for another five years.@@@@1@28@@oe@2-2-2013
21099004@unknown@formal@none@1@S@Perhaps most important, Carl Icahn, who had once threatened a hostile takeover bid, was subdued.@@@@1@15@@oe@2-2-2013
21099005@unknown@formal@none@1@S@He and Mr. Roderick were even dining out together.@@@@1@9@@oe@2-2-2013
21099006@unknown@formal@none@1@S@Today, Mr. Corry presides over a company whose fortunes have changed abruptly.@@@@1@12@@oe@2-2-2013
21099007@unknown@formal@none@1@S@Mr. Icahn, the company's deep-pocketed, tenacious adversary, recently disclosed that he had raised his USX stake to 13.1%, and he again threatened a takeover.@@@@1@24@@oe@2-2-2013
21099008@unknown@formal@none@1@S@A battle with Mr. Icahn would rattle even the most seasoned chief executive, to say nothing of one who took the helm less than five months ago.@@@@1@27@@oe@2-2-2013
21099009@unknown@formal@none@1@S@In addition, USX's giant steel segment, representing 34% of its 1988 sales, is facing softening demand and slipping prices as well as increasing competition from foreign steelmakers and low-cost minimills.@@@@1@30@@oe@2-2-2013
21099010@unknown@formal@none@1@S@The import quotas got only a 2 1/2-year extension, and USX is laboring under a staggering $5.8 billion debt at a time when it must spend money to upgrade steel mills and drill for oil.@@@@1@35@@oe@2-2-2013
21099011@unknown@formal@none@1@S@"It's a baptism of fire for Corry," says one USX executive.@@@@1@11@@oe@2-2-2013
21099012@unknown@formal@none@1@S@The burning question is whether the new chief can parry Mr. Icahn without being pushed into unwelcome moves.@@@@1@18@@oe@2-2-2013
21099013@unknown@formal@none@1@S@Mr. Corry might have to dismember the company more than he wants to.@@@@1@13@@oe@2-2-2013
21099014@unknown@formal@none@1@S@Or he might have to incur a huge expense of either buying Mr. Icahn's stock, possibly at a premium, or paying stockholders a special dividend partly because of Mr. Icahn's pressure.@@@@1@31@@oe@2-2-2013
21099015@unknown@formal@none@1@S@With his recent purchases of USX common stock, Mr. Icahn shattered a three-year-old, unwritten standstill agreement with Mr. Roderick.@@@@1@19@@oe@2-2-2013
21099016@unknown@formal@none@1@S@In 1986, Mr. Roderick adroitly dodged Mr. Icahn's first bullet after the takeover specialist had built up an 11.4% stake.@@@@1@20@@oe@2-2-2013
21099017@unknown@formal@none@1@S@Mr. Roderick did so by having USX redeem a series of guaranteed notes, a move that, in effect, raised the cost of a $7.19 billion Icahn bid by about $3 billion.@@@@1@31@@oe@2-2-2013
21099018@unknown@formal@none@1@S@And he managed to fend off further advances and even strike up an unlikely friendship with the interloper.@@@@1@18@@oe@2-2-2013
21099019@unknown@formal@none@1@S@Over dinners at New York's Sky Club and Links Club restaurants, the steel executive and the big investor talked steel, international trade and thoroughbred horses.@@@@1@25@@oe@2-2-2013
21099020@unknown@formal@none@1@S@Mr. Corry, who has boned up on corporate raiders by reading T. Boone Pickens's autobiography, had hoped the detente would continue.@@@@1@21@@oe@2-2-2013
21099021@unknown@formal@none@1@S@He was shocked, associates say, to learn of Mr. Icahn's new takeover threat.@@@@1@13@@oe@2-2-2013
21099022@unknown@formal@none@1@S@(Both men declined to be interviewed for this article.)@@@@1@9@@oe@2-2-2013
21099023@unknown@formal@none@1@S@But the fiercely competitive Mr. Corry quickly showed he's no pushover.@@@@1@11@@oe@2-2-2013
21099024@unknown@formal@none@1@S@He huddled with directors at a special meeting two weeks ago and tried to block his opponent.@@@@1@17@@oe@2-2-2013
21099025@unknown@formal@none@1@S@Although the board believed that Mr. Icahn is more interested in talking the stock price higher than acquiring USX, it adopted a poison-pill defense, to be swallowed if anyone amasses a 15% stake.@@@@1@33@@oe@2-2-2013
21099026@unknown@formal@none@1@S@Now, it's Mr. Icahn's move.@@@@1@5@@oe@2-2-2013
21099027@unknown@formal@none@1@S@Will he try to gain a seat on or control of the board and force a radical split of USX into separate oil and steel companies?@@@@1@26@@oe@2-2-2013
21099028@unknown@formal@none@1@S@Given the weakness of the junk-bond market, can he finance a buy-out?@@@@1@12@@oe@2-2-2013
21099029@unknown@formal@none@1@S@Mr. Icahn may not want to sell out unless he can get a special dividend similar to one he received before selling his stake in Texaco Inc. in June -- a coup that gave him enough cash to make his USX move.@@@@1@42@@oe@2-2-2013
21099030@unknown@formal@none@1@S@And although the recent turmoil in the stock and junk-bond markets, by making it harder to arrange takeover financing, has eased some of the pressure on Mr. Corry, it doesn't end the takeover threat.@@@@1@34@@oe@2-2-2013
21099031@unknown@formal@none@1@S@"I know it's not over," a sober-faced Mr. Corry acknowledged while greeting steel suppliers in New York on Oct. 12 and inviting them to a buffet of salmon and sushi in honor of Kobe Steel Ltd., USX's partner in a steel mill in Lorain, Ohio.@@@@1@45@@oe@2-2-2013
21099032@unknown@formal@none@1@S@In fact, it's barely begun for Mr. Corry, who faces tough decisions before he has had a chance to get settled into his new job.@@@@1@25@@oe@2-2-2013
21099033@unknown@formal@none@1@S@"He's in a vulnerable position because he hasn't established much credibility on his own," says Bryan Jacoboski, a securities analyst at PaineWebber Inc.@@@@1@23@@oe@2-2-2013
21099034@unknown@formal@none@1@S@The 57-year-old tax attorney never even aspired to the job of chief executive.@@@@1@13@@oe@2-2-2013
21099035@unknown@formal@none@1@S@An undistinguished college student who dabbled in zoology until he concluded that he couldn't stand cutting up frogs, Mr. Corry wanted to work for a big company "that could do big things."@@@@1@32@@oe@2-2-2013
21099036@unknown@formal@none@1@S@But after joining the tax department of a USX subsidiary 30 years ago, he set the modest goal of becoming tax manager by the age of 46.@@@@1@27@@oe@2-2-2013
21099037@unknown@formal@none@1@S@For years, he quietly stuck to the back accounting rooms, wearing a hat to work because everyone else did.@@@@1@19@@oe@2-2-2013
21099038@unknown@formal@none@1@S@"I was never a rebel," he said in an earlier interview.@@@@1@11@@oe@2-2-2013
21099039@unknown@formal@none@1@S@"I don't think most of the people that have been around me would ever say they've seen me pound the table or get angry."@@@@1@24@@oe@2-2-2013
21099040@unknown@formal@none@1@S@Yet, the unassuming Mr. Corry helped chart USX's transition from Big Steel to Big Oil.@@@@1@15@@oe@2-2-2013
21099041@unknown@formal@none@1@S@He served as Mr. Roderick's front man in tense negotiations for the 1982 purchase of Marathon Oil for $5.9 billion.@@@@1@20@@oe@2-2-2013
21099042@unknown@formal@none@1@S@Nevertheless, Mr. Corry, once named chief executive, didn't waste any time distancing himself from his former boss, who still has an office on the 62nd floor of the USX tower in Pittsburgh.@@@@1@32@@oe@2-2-2013
21099043@unknown@formal@none@1@S@Soon after taking over last June, Mr. Corry rescinded a pay cut imposed on clerical workers, a move that Mr. Roderick hadn't made in spite of improved earnings.@@@@1@28@@oe@2-2-2013
21099044@unknown@formal@none@1@S@Mr. Corry also ruled that all board meetings would be held in Pittsburgh instead of New York or Findlay, Ohio, Marathon's home.@@@@1@22@@oe@2-2-2013
21099045@unknown@formal@none@1@S@And, earlier this month, he announced the sale of the reserves of Texas Oil & Gas, which was acquired three years ago and hasn't posted any significant operating profits since.@@@@1@30@@oe@2-2-2013
21099046@unknown@formal@none@1@S@One former executive says, "Nobody wanted that deal inside USX except Dave Roderick," who was a hunting and fishing buddy of William L. Hutchison, chairman of Texas Oil & Gas.@@@@1@30@@oe@2-2-2013
21099047@unknown@formal@none@1@S@The executive recalls Mr. Corry whispering to him and others, "Remember, this was Dave's deal."@@@@1@15@@oe@2-2-2013
21099048@unknown@formal@none@1@S@What miffed many USX executives and shareholders was that the acquisition, for $3 billion of stock, doubled the USX shares outstanding and considerably diluted them.@@@@1@25@@oe@2-2-2013
21099049@unknown@formal@none@1@S@What's more, the takeover occurred as natural-gas prices were falling and just as Texas Oil & Gas reported its first annual loss in 28 years.@@@@1@25@@oe@2-2-2013
21099050@unknown@formal@none@1@S@Mr. Corry expected the Texas Oil & Gas sale to delight Mr. Icahn by addressing his concern about boosting shareholder value.@@@@1@21@@oe@2-2-2013
21099051@unknown@formal@none@1@S@But when the two men met in New York a day after Mr. Icahn disclosed the rise in his USX stake, Mr. Corry learned that Mr. Icahn wanted him to sell all of Texas Oil -- not just its reserves of about 1.2 trillion cubic feet of natural gas and 28 million barrels of oil but also its pipeline, gas-gathering and contract-drilling operations.@@@@1@63@@oe@2-2-2013
21099052@unknown@formal@none@1@S@That would leave USX with Marathon, its steel mills and its diversified business segment, which includes, among other things, mineral and transportation products.@@@@1@23@@oe@2-2-2013
21099053@unknown@formal@none@1@S@Some speculate that Mr. Corry would agree if he could find a buyer at the right price.@@@@1@17@@oe@2-2-2013
21099054@unknown@formal@none@1@S@The problem is that Mr. Icahn is pushing him to move faster and further in restructuring USX than Mr. Corry had planned.@@@@1@22@@oe@2-2-2013
21099055@unknown@formal@none@1@S@Mr. Icahn has long believed, associates say, that the company, whose 1988 sales totaled $16.88 billion, is worth $70 a share if broken up.@@@@1@24@@oe@2-2-2013
21099056@unknown@formal@none@1@S@The stock closed yesterday at $33.625, giving Mr. Icahn's 33.6 million shares a value of $1.13 billion.@@@@1@17@@oe@2-2-2013
21099057@unknown@formal@none@1@S@Mr. Icahn advocates the sale of the company's steel operations, and Mr. Corry doesn't necessarily disagree.@@@@1@16@@oe@2-2-2013
21099058@unknown@formal@none@1@S@Unlike his predecessor, who saw steel as America's backbone, Mr. Corry tends to view it as a capital-draining and labor-intensive business with limited potential, associates say.@@@@1@26@@oe@2-2-2013
21099059@unknown@formal@none@1@S@In the past five years, USX has turned steel into a profit maker by closing several plants and reducing labor costs.@@@@1@21@@oe@2-2-2013
21099060@unknown@formal@none@1@S@But the short-term outlook is so-so.@@@@1@6@@oe@2-2-2013
21099061@unknown@formal@none@1@S@It isn't surprising that Messrs. Roderick and Corry view steel so differently.@@@@1@12@@oe@2-2-2013
21099062@unknown@formal@none@1@S@While Mr. Roderick was reared in the shadows of Pittsburgh's smoking mills, Mr. Corry grew up in Cincinnati, a city nicknamed "Porkapolis" and more accustomed to pork chops than pig iron.@@@@1@31@@oe@2-2-2013
21099063@unknown@formal@none@1@S@He has never met Lynn Williams, the president of the United Steelworkers union, and isn't active in the industry's main trade group, the American Iron and Steel Institute, which Mr. Roderick served as chairman.@@@@1@34@@oe@2-2-2013
21099064@unknown@formal@none@1@S@"Dave thought the country needed a strong U.S. Steel and, while Chuck agreed, he was more apt to say, `Not at any cost to shareholders,'" a former executive says.@@@@1@29@@oe@2-2-2013
21099065@unknown@formal@none@1@S@Indeed, Mr. Corry, at an August press conference, talked about investing in steel as long as it provides a good return and "not a day longer."@@@@1@26@@oe@2-2-2013
21099066@unknown@formal@none@1@S@However, shedding steel would run directly counter to Mr. Roderick's original rationale for diversifying into oil and gas: Having two major products would lessen the company's vulnerability to one market's down cycle and help smooth out the flow of cash and earnings.@@@@1@42@@oe@2-2-2013
21099067@unknown@formal@none@1@S@As Mr. Roderick once said: "We're a two-product company and, boy, if you can't figure out the value of those two parts, you are so damn dumb that you don't belong on Wall Street."@@@@1@34@@oe@2-2-2013
21099068@unknown@formal@none@1@S@Moreover, the opportunity to sell steel at a price acceptable to USX may be gone, for now.@@@@1@17@@oe@2-2-2013
21099069@unknown@formal@none@1@S@"The time has passed for us to spin off steel," either in a public offering or to a buyer, one executive contends.@@@@1@22@@oe@2-2-2013
21099070@unknown@formal@none@1@S@About the only way that USX now can get out of steel is to dish it out, piece by piece, in separate joint ventures, he adds.@@@@1@26@@oe@2-2-2013
21099071@unknown@formal@none@1@S@With Mr. Icahn breathing down his neck, however, Mr. Corry may have little choice but to sell at a weak price, even if it means losing some steel-related tax-loss carryforwards.@@@@1@30@@oe@2-2-2013
21099072@unknown@formal@none@1@S@That would leave USX essentially an oil company with Marathon as its core.@@@@1@13@@oe@2-2-2013
21099073@unknown@formal@none@1@S@Marathon has benefited from higher crude-oil prices and strong demand for refined products.@@@@1@13@@oe@2-2-2013
21099074@unknown@formal@none@1@S@Oil has long been Mr. Corry's pet.@@@@1@7@@oe@2-2-2013
21099075@unknown@formal@none@1@S@Indeed, when the Bush administration finally decided this summer to renew import restrictions -- arguably the most important decision to affect the steel industry in five years -- Mr. Corry and his directors were aboard helicopters, high above Marathon's rich oil reserves in the North Sea.@@@@1@46@@oe@2-2-2013
21099076@unknown@formal@none@1@S@Should USX be left with only Marathon, Mr. Corry might well feel pushed to scout out other energy companies.@@@@1@19@@oe@2-2-2013
21099077@unknown@formal@none@1@S@However, even USX executives who work closely with him aren't sure about his long-term goals.@@@@1@15@@oe@2-2-2013
21099078@unknown@formal@none@1@S@"I don't think he has a clear sense of where he wants the company to go," one says.@@@@1@18@@oe@2-2-2013
21099079@unknown@formal@none@1@S@Right now, the executive adds, "he wants to continue to focus on paying down" USX's debt by selling assets.@@@@1@19@@oe@2-2-2013
21099080@unknown@formal@none@1@S@One thing is certain, however: Mr. Corry, while studying other options, probably won't make a major move until he's clear about Mr. Icahn's intentions.@@@@1@24@@oe@2-2-2013
21099081@unknown@formal@none@1@S@And then, "he won't panic," says J. Bruce Johnston, a former USX executive and now a labor and benefit consultant with Adler Cohen & Grigsby in Pittsburgh.@@@@1@27@@oe@2-2-2013
21099082@unknown@formal@none@1@S@Mr. Corry learned presence under fire when, as vice president of corporate planning, he handled what Mr. Johnston calls "don't-con-me" negotiations that led to USX's shedding of a wide array of assets ranging from chemicals to construction.@@@@1@37@@oe@2-2-2013
21099083@unknown@formal@none@1@S@When negotiating, Mr. Corry played his cards close to the vest.@@@@1@11@@oe@2-2-2013
21099084@unknown@formal@none@1@S@Johnnie Johnson, who worked for Mr. Corry in strategic planning, recalls how his boss would routinely ask a subordinate to research an entire industry to target acquisition candidates.@@@@1@28@@oe@2-2-2013
21099085@unknown@formal@none@1@S@"What he really wanted to know was about a particular company, but you didn't know that.@@@@1@16@@oe@2-2-2013
21099086@unknown@formal@none@1@S@He wanted your own unbiased, virgin opinion," says Mr. Johnson, now managing director at Georgeson & Co., a proxy-solicitation and investor-relations firm.@@@@1@22@@oe@2-2-2013
21099087@unknown@formal@none@1@S@Ever the pragmatist, Mr. Corry said in August that he realized that USX is on "acquisition screens all over the country."@@@@1@21@@oe@2-2-2013
21099088@unknown@formal@none@1@S@"It's part of the capitalistic market system that equity can be bought and equity is bought," he said.@@@@1@18@@oe@2-2-2013
21099089@unknown@formal@none@1@S@USX, he noted, was formed 88 years ago, "by in effect buying out a bunch of other companies. . . .@@@@1@21@@oe@2-2-2013
21099090@unknown@formal@none@1@S@People got rich through takeovers in those days, as they do today."@@@@1@12@@oe@2-2-2013
21099091@unknown@formal@none@1@S@Thomas F. O'Boyle contributed to this article.@@@@1@7@@oe@2-2-2013