21446036@unknown@formal@none@1@S@They will be joined by Larry Gainen, who resigned from the firm of LePatner, Gainen & Block.@@@@1@17@@oe@2-2-2013
21446037@unknown@formal@none@1@S@Howard Rubenstein, a New York publicist who represents Shea & Gould, said, "Shea & Gould understands they're leaving because they wanted a different environment -- a smaller firm they would be principals of."@@@@1@33@@oe@2-2-2013
21446038@unknown@formal@none@1@S@Mr. Rubenstein said the five, who weren't on Shea & Gould's management committee, "are leaving on good terms."@@@@1@18@@oe@2-2-2013
21446039@unknown@formal@none@1@S@He said Shea & Gould held a number of discussions with the five partners during the past few weeks to get them to stay but that the five were firmly committed to running their own firm.@@@@1@36@@oe@2-2-2013
21446040@unknown@formal@none@1@S@Hutton Ingram will have a general corporate, securities, real-estate and litigation practice, and a substantial practice serving the professional-design community.@@@@1@20@@oe@2-2-2013
21446041@unknown@formal@none@1@S@DISCIPLINARY PROCEEDINGS against lawyers open to public in Illinois.@@@@1@9@@oe@2-2-2013
21446042@unknown@formal@none@1@S@While investigations into lawyer misconduct will remain secret, the public will be notified once a formal complaint is filed against an attorney.@@@@1@22@@oe@2-2-2013
21446043@unknown@formal@none@1@S@The actual disciplinary hearings will be public.@@@@1@7@@oe@2-2-2013
21446044@unknown@formal@none@1@S@In addition, Illinois attorneys will lose the right to sue clients who file malicious complaints against them.@@@@1@17@@oe@2-2-2013
21446045@unknown@formal@none@1@S@Non-lawyers will be added to the inquiry panels that look into allegations of misconduct.@@@@1@14@@oe@2-2-2013
21446046@unknown@formal@none@1@S@Illinois joins 36 other states that allow public participation in attorney-disciplinary proceedings and 32 states that open disciplinary hearings to the public, according to the American Bar Association.@@@@1@28@@oe@2-2-2013
21446047@unknown@formal@none@1@S@One vocal critic of the changes, Chicago lawyer Warren Lupel, says non-lawyers shouldn't be on the inquiry panels because they are unlikely to appreciate the nuances of attorney-client relationships.@@@@1@29@@oe@2-2-2013
21446048@unknown@formal@none@1@S@In addition, he says, publishing the names of lawyers who are facing charges unnecessarily subjects them to public derogation.@@@@1@19@@oe@2-2-2013
21446049@unknown@formal@none@1@S@Nevertheless, Mr. Lupel anticipates no legal action to reverse the Illinois Supreme Court's decision to institute the changes.@@@@1@18@@oe@2-2-2013
21446050@unknown@formal@none@1@S@"There's no constitutional right involved in the rule change," he says.@@@@1@11@@oe@2-2-2013
21446051@unknown@formal@none@1@S@"You don't have a right to practice.@@@@1@7@@oe@2-2-2013
21446052@unknown@formal@none@1@S@You only have a privilege to practice."@@@@1@7@@oe@2-2-2013
21446053@unknown@formal@none@1@S@DREXEL BURNHAM LAMBERT Inc. agreed to pay a $50,000 fine to Delaware, the 26th state to settle with Drexel in the wake of the firm's guilty plea to federal insider-trading charges.@@@@1@31@@oe@2-2-2013
21446054@unknown@formal@none@1@S@Drexel doesn't have a Delaware office, but the New York firm has been negotiating settlements that would allow it to operate freely nationwide despite its record as an admitted felon.@@@@1@30@@oe@2-2-2013
21446055@unknown@formal@none@1@S@The firm has said it expects to pay $11.5 million overall to settle with states.@@@@1@15@@oe@2-2-2013
21446056@unknown@formal@none@1@S@Drexel pleaded guilty in September to six felony counts of securities and mail fraud; it also made a $650 million civil settlement with the Securities and Exchange Commission.@@@@1@28@@oe@2-2-2013
21447001@unknown@formal@none@1@S@Philip Morris Cos., whose Benson & Hedges cigarette brand has been losing market share, has asked at least one other agency to try its hand at creative work for the big account, which has been at Wells Rich Greene Inc. since 1966.@@@@1@42@@oe@2-2-2013
21447002@unknown@formal@none@1@S@Executives close to Philip Morris said that the tobacco and food giant has asked Backer Spielvogel Bates Worldwide Inc., a unit of Saatchi & Saatchi Co., and possibly others to work on creative ideas for the account.@@@@1@37@@oe@2-2-2013
21447003@unknown@formal@none@1@S@Several executives said another potential contender is WPP Group's Ogilvy & Mather agency, which works on some other Philip Morris products.@@@@1@21@@oe@2-2-2013
21447004@unknown@formal@none@1@S@Both Philip Morris and Backer Spielvogel declined to comment.@@@@1@9@@oe@2-2-2013
21447005@unknown@formal@none@1@S@A spokeswoman for Ogilvy & Mather said the agency doesn't comment on "idle speculation."@@@@1@14@@oe@2-2-2013
21447006@unknown@formal@none@1@S@Also mentioned as a contender was TBWA Advertising, but the company denied it was participating.@@@@1@15@@oe@2-2-2013
21447007@unknown@formal@none@1@S@The loss of the cigarette account would be a severe blow to Wells Rich.@@@@1@14@@oe@2-2-2013
21447008@unknown@formal@none@1@S@Benson & Hedges has been one of its most high-visibility campaigns, as well as one of its largest clients.@@@@1@19@@oe@2-2-2013
21447009@unknown@formal@none@1@S@The account billed almost $60 million last year, according to Leading National Advertisers.@@@@1@13@@oe@2-2-2013
21447010@unknown@formal@none@1@S@But Philip Morris has scaled back ad spending on the brand over the past year, industry executives said, and it now bills about $30 million to $40 million.@@@@1@28@@oe@2-2-2013
21447011@unknown@formal@none@1@S@Industry executives said Philip Morris had asked the other agencies to create campaigns in a bid to stop the brand's slipping market share.@@@@1@23@@oe@2-2-2013
21447012@unknown@formal@none@1@S@According to John Maxwell, an analyst at Wheat First Securities, Richmond, Va., Benson & Hedges has slipped from 4.7% of the cigarette market in 1985 to just 4.1% after the second quarter of this year.@@@@1@35@@oe@2-2-2013
21447013@unknown@formal@none@1@S@The brand is No. 7 overall in the cigarette business, Mr. Maxwell said.@@@@1@13@@oe@2-2-2013
21447014@unknown@formal@none@1@S@The slip has come despite high-profile ads created by Wells Rich, including one picturing a young man clad only in pajama bottoms interrupting a festive brunch.@@@@1@26@@oe@2-2-2013
21447015@unknown@formal@none@1@S@That ad generated so much publicity that a trade magazine launched a contest for its readers to guess who the guy was and what he was doing.@@@@1@27@@oe@2-2-2013
21447016@unknown@formal@none@1@S@Wells Rich first popularized the Benson & Hedges brand more than 20 years ago with ads portraying, among other things, an elevator door closing on a passenger's cigarette.@@@@1@28@@oe@2-2-2013
21447017@unknown@formal@none@1@S@The brand early on achieved an upscale appeal -- a trait that some analysts believe is partly responsible for its staid performance.@@@@1@22@@oe@2-2-2013
21447018@unknown@formal@none@1@S@Philip Morris, trying to revive the Benson & Hedges franchise, put the account up for review in 1986.@@@@1@18@@oe@2-2-2013
21447019@unknown@formal@none@1@S@Wells Rich Greene, however, in an effort directed by Mary Wells Lawrence, emerged the victor of the review and retained the business.@@@@1@22@@oe@2-2-2013
21447020@unknown@formal@none@1@S@Kenneth Olshan, Wells Rich's chairman, didn't return phone calls seeking comment.@@@@1@11@@oe@2-2-2013
21447021@unknown@formal@none@1@S@While Wells Rich recently picked up Hertz Corp.'s $25 million to $30 million account, it has lost a number of big accounts this year, including the $20 million to $25 million Cadbury-Schweppes Canada Dry and Sunkist accounts, the $18 million Procter & Gamble Co. Sure deodorant account and the $10 million Polo/Ralph Lauren business.@@@@1@54@@oe@2-2-2013
21447022@unknown@formal@none@1@S@Its victories include more than $30 million in Sheraton Corp. business and an assignment from Dun & Bradstreet worth $5 million to $10 million.@@@@1@24@@oe@2-2-2013
21448001@unknown@formal@none@1@S@This city is girding for gridlock today as hundreds of thousands of commuters avoid travel routes ravaged by last week's earthquake.@@@@1@21@@oe@2-2-2013
21448002@unknown@formal@none@1@S@Estimates of damage in the six-county San Francisco Bay area neared $5 billion, excluding the cost of repairing the region's transportation system.@@@@1@22@@oe@2-2-2013
21448003@unknown@formal@none@1@S@The Bay Bridge, the main artery into San Francisco from the east, will be closed for at least several weeks.@@@@1@20@@oe@2-2-2013
21448004@unknown@formal@none@1@S@Part of the bridge collapsed in the quake, which registered 6.9 on the Richter scale.@@@@1@15@@oe@2-2-2013
21448005@unknown@formal@none@1@S@The bridge normally carries 250,000 commuters a day.@@@@1@8@@oe@2-2-2013
21448006@unknown@formal@none@1@S@Also, most of the ramps connecting the city to its main link to the south, the 101 freeway, have been closed for repairs.@@@@1@23@@oe@2-2-2013
21448007@unknown@formal@none@1@S@The Bay Area Rapid Transit system, which runs subway trains beneath the bay, is braced for a doubling of its daily regular ridership to 300,000.@@@@1@25@@oe@2-2-2013
21448008@unknown@formal@none@1@S@BART has increased service to 24 hours a day in preparation for the onslaught.@@@@1@14@@oe@2-2-2013
21448009@unknown@formal@none@1@S@Most unusual will be water-borne commuters from the East Bay towns of Oakland and Berkeley.@@@@1@15@@oe@2-2-2013
21448010@unknown@formal@none@1@S@For the first time in 32 years, ferry service has been restored between the East Bay and San Francisco.@@@@1@19@@oe@2-2-2013
21448011@unknown@formal@none@1@S@The Red and White Fleet, which operates regular commuter ferry service to and from Marin County, and tourist tours of the bay, is offering East Bay commuters a chance to ride the waves for the price of $10 round-trip.@@@@1@39@@oe@2-2-2013
21448012@unknown@formal@none@1@S@That tariff is too stiff for some Financial District wage earners.@@@@1@11@@oe@2-2-2013
21448013@unknown@formal@none@1@S@"I'll stay with BART," said one secretary, swallowing her fears about using the transbay tube.@@@@1@15@@oe@2-2-2013
21448014@unknown@formal@none@1@S@Officials expect the Golden Gate Bridge to be swamped with an extra load of commuters, including East Bay residents making a long detour.@@@@1@23@@oe@2-2-2013
21448015@unknown@formal@none@1@S@"We're anticipating quite a traffic crunch," said one official.@@@@1@9@@oe@2-2-2013
21448016@unknown@formal@none@1@S@About 23,000 people typically travel over the Golden Gate Bridge during commute hours.@@@@1@13@@oe@2-2-2013
21448017@unknown@formal@none@1@S@About 130,000 vehicles cross during a 24-hour period.@@@@1@8@@oe@2-2-2013
21448018@unknown@formal@none@1@S@Meetings canceled by Apple Computer Inc.'s European sales force and by other groups raised the specter of empty hotel rooms and restaurants.@@@@1@22@@oe@2-2-2013
21448019@unknown@formal@none@1@S@It also raised hackles of the city's tourism boosters.@@@@1@9@@oe@2-2-2013
21448020@unknown@formal@none@1@S@"Other cities are calling {groups booked here for tours and conferences} and -- not to be crass -- stealing our booking list," said Scott Shafer, a spokesman for Mayor Art Agnos.@@@@1@31@@oe@2-2-2013
21448021@unknown@formal@none@1@S@City officials stuck by their estimate of $2 billion in damage to the quake-shocked city.@@@@1@15@@oe@2-2-2013
21448022@unknown@formal@none@1@S@The other five Bay area counties have increased their total damage estimates to $2.8 billion.@@@@1@15@@oe@2-2-2013
21448023@unknown@formal@none@1@S@All estimates exclude highway repair, which could exceed $1 billion.@@@@1@10@@oe@2-2-2013
21448024@unknown@formal@none@1@S@Among the expensive unknowns are stretches of elevated freeway in San Francisco that were closed because of quake-inflicted damage.@@@@1@19@@oe@2-2-2013
21448025@unknown@formal@none@1@S@The most worrisome stretch is 1.2 miles of waterfront highway known as the Embarcadero Freeway.@@@@1@15@@oe@2-2-2013
21448026@unknown@formal@none@1@S@Until it was closed Tuesday, it had provided the quickest series of exits for commuters from the Bay Bridge heading into the Financial District.@@@@1@24@@oe@2-2-2013
21448027@unknown@formal@none@1@S@Engineers say it will take at least eight months to repair the Embarcadero structure.@@@@1@14@@oe@2-2-2013
21448028@unknown@formal@none@1@S@As part of the quake recovery effort, the city Building Department has surveyed about 3,000 buildings, including all of the Financial District's high-rises.@@@@1@23@@oe@2-2-2013
21448029@unknown@formal@none@1@S@The preliminary conclusion from a survey of 200 downtown high-rises is that "we were incredibly lucky," said Lawrence Kornfield, San Francisco's chief building inspector.@@@@1@24@@oe@2-2-2013
21448030@unknown@formal@none@1@S@While many of these buildings sustained heavy damage, little of that involved major structural damage.@@@@1@15@@oe@2-2-2013
21448031@unknown@formal@none@1@S@City building codes require construction that can resist temblors.@@@@1@9@@oe@2-2-2013
21448032@unknown@formal@none@1@S@In England, Martin Leach, a spokesman for Lloyd's of London, said the insurance market hasn't yet been able to estimate the total potential claims from the disaster.@@@@1@27@@oe@2-2-2013
21448033@unknown@formal@none@1@S@"The extent of the claims won't be known for some time," Mr. Leach said.@@@@1@14@@oe@2-2-2013
21448034@unknown@formal@none@1@S@On Friday, during a visit to California to survey quake damage, President Bush promised to "meet the federal government's obligation" to assist relief efforts.@@@@1@24@@oe@2-2-2013
21448035@unknown@formal@none@1@S@California officials plan to ask Congress for $3 billion or more of federal aid, in the form of grants and low-interest loans.@@@@1@22@@oe@2-2-2013
21448036@unknown@formal@none@1@S@The state has a $1 billion reserve, and is expected to add $1 billion to that fund in the next year.@@@@1@21@@oe@2-2-2013
21448037@unknown@formal@none@1@S@Some of that money will be available for highway repair and special emergency aid, but members of the legislature are also mulling over a temporary state gasoline tax to raise money for earthquake relief.@@@@1@34@@oe@2-2-2013
21448038@unknown@formal@none@1@S@However, state initiatives restrict the ability of the legislature to raise such taxes unless the voters approve in a statewide referendum.@@@@1@21@@oe@2-2-2013
21448039@unknown@formal@none@1@S@G. Christian Hill and Ken Wells contributed to this article.@@@@1@10@@oe@2-2-2013
21449001@unknown@formal@none@1@S@Bond Corp. Holdings Ltd. posted a loss for fiscal 1989 of 980.2 million Australian dollars (US$762.4 million), the largest in Australian corporate history.@@@@1@23@@oe@2-2-2013
21449002@unknown@formal@none@1@S@That loss compared with a year-earlier profit of A$273.5 million.@@@@1@10@@oe@2-2-2013
21449003@unknown@formal@none@1@S@In preliminary, unaudited results reported Friday, Bond Corp. also posted an operating loss of A$814.1 million for the year ended June 30, compared with operating profit of A$354.7 million a year earlier.@@@@1@32@@oe@2-2-2013
21449004@unknown@formal@none@1@S@Operating revenue rose 69% to A$8.48 billion from A$5.01 billion.@@@@1@10@@oe@2-2-2013
21449005@unknown@formal@none@1@S@But the net interest bill jumped 85% to A$686.7 million from A$371.1 million.@@@@1@13@@oe@2-2-2013
21449006@unknown@formal@none@1@S@Bond Corp. has interests in brewing, media and communications, natural resources and property.@@@@1@13@@oe@2-2-2013
21449007@unknown@formal@none@1@S@Much of Bond Corp.'s losses stemmed from one-time write-downs of the value of some of Bond Corp.'s assets and those of its units.@@@@1@23@@oe@2-2-2013
21449008@unknown@formal@none@1@S@The results included a A$453.4 million write-off of future income-tax benefits and a provision for a loss of A$149.5 million on the sale of a stake of about 20% in Lonrho PLC.@@@@1@32@@oe@2-2-2013
21449009@unknown@formal@none@1@S@However, Bond Corp. said the tax benefits remain available and might be used later.@@@@1@14@@oe@2-2-2013
21449010@unknown@formal@none@1@S@Earnings before interest and tax from brewing dived 50% to A$123.8 million from A$247.3 million.@@@@1@15@@oe@2-2-2013
21449011@unknown@formal@none@1@S@The company said the general financial performance of its U.S. brewing operations, G. Heileman Brewing Co., was "disappointing, and this has been reflected in the results."@@@@1@26@@oe@2-2-2013
21449012@unknown@formal@none@1@S@Bond Corp.'s shares closed Friday before news of the results at 28 Australian cents a share, up one Australian cent.@@@@1@20@@oe@2-2-2013
21449013@unknown@formal@none@1@S@The staggering losses cap a tumultuous year for Alan Bond and his flagship, Bond Corp.@@@@1@15@@oe@2-2-2013
21449014@unknown@formal@none@1@S@Only a year ago, the chairman of Bond Corp., who controls about 58% of the company, appeared to be building a war chest to attack some big companies.@@@@1@28@@oe@2-2-2013
21449015@unknown@formal@none@1@S@Now Bond Corp. has agreed to sell at least half its Australian brewing assets.@@@@1@14@@oe@2-2-2013
21449016@unknown@formal@none@1@S@It has sold billions of dollars of other assets and has more on the block.@@@@1@15@@oe@2-2-2013
21449017@unknown@formal@none@1@S@But in a TV interview Sunday Mr. Bond said, "We've taken a big loss.@@@@1@14@@oe@2-2-2013
21449018@unknown@formal@none@1@S@We've taken it on the chin.@@@@1@6@@oe@2-2-2013
21449019@unknown@formal@none@1@S@But we're out there and we're going to stay in business.@@@@1@11@@oe@2-2-2013
21449020@unknown@formal@none@1@S@Bond Corp. signaled it will focus on building its domestic and international media and communications businesses.@@@@1@16@@oe@2-2-2013
21449021@unknown@formal@none@1@S@It said it will look at opportunities in brewing, property and energy resources to the extent consistent with the dominant objective of manageable debt-to-assets ratios.@@@@1@25@@oe@2-2-2013
21449022@unknown@formal@none@1@S@The result "will ultimately be a very different group in size and structure," Bond Corp. directors said in a statement.@@@@1@20@@oe@2-2-2013
21449023@unknown@formal@none@1@S@Some analysts contend the total writeoffs should have been much greater, and Bond Corp.'s auditors cited a list of several assets and deals about which there is "uncertainty" regarding the current value and potential impact on the firm.@@@@1@38@@oe@2-2-2013
21449024@unknown@formal@none@1@S@Bond Corp. said the acknowledged losses mean net asset backing is in the red to the tune of 53 Australian cents a share, vs. positive asset backing of A$1.92 a share a year ago.@@@@1@34@@oe@2-2-2013
21449025@unknown@formal@none@1@S@Still, the directors said, "Having fully considered all aspects of the company's state of affairs and future cash flows, the directors confirm absolutely that the company is solvent."@@@@1@28@@oe@2-2-2013
21449026@unknown@formal@none@1@S@Indeed, in a note to the results, directors said if the "true worth" of some of the group's assets were taken into account instead of using book values, the negative net asset backing a share would turn into "a substantial positive" one.@@@@1@42@@oe@2-2-2013
21450001@unknown@formal@none@1@S@The Bakersfield Supermarket went out of business last May.@@@@1@9@@oe@2-2-2013
21450002@unknown@formal@none@1@S@The reason was not high interest rates or labor costs.@@@@1@10@@oe@2-2-2013
21450003@unknown@formal@none@1@S@Nor was there a shortage of customers in the area, the residential Inwood section of northern Manhattan.@@@@1@17@@oe@2-2-2013
21450004@unknown@formal@none@1@S@The business closed when the owner was murdered by robbers.@@@@1@10@@oe@2-2-2013
21450005@unknown@formal@none@1@S@The owner was Israel Ortiz, a 29-year-old entrepreneur and father of two.@@@@1@12@@oe@2-2-2013
21450006@unknown@formal@none@1@S@In his first year of operating the store he bought for $220,000, Mr. Ortiz was robbed at least twice at gunpoint.@@@@1@21@@oe@2-2-2013
21450007@unknown@formal@none@1@S@The first time he was shot in the hand as he chased the robbers outside.@@@@1@15@@oe@2-2-2013
21450008@unknown@formal@none@1@S@The second time he identified two robbers, who were arrested and charged.@@@@1@12@@oe@2-2-2013
21450009@unknown@formal@none@1@S@Two weeks later -- perhaps in retaliation -- Mr. Ortiz was shot three times in the back, during what police classified as a third robbery attempt.@@@@1@26@@oe@2-2-2013
21450010@unknown@formal@none@1@S@That was his reward for working until 11 p.m. seven days a week to cover his $3,000 a month rent.@@@@1@20@@oe@2-2-2013
21450011@unknown@formal@none@1@S@For providing what his customers described as very personal and helpful service.@@@@1@12@@oe@2-2-2013
21450012@unknown@formal@none@1@S@For creating a focus for neighborhood life.@@@@1@7@@oe@2-2-2013
21450013@unknown@formal@none@1@S@Israel Ortiz is only one of the thousands of entrepreneurs and their employees who will be injured or killed by crime this year.@@@@1@23@@oe@2-2-2013
21450014@unknown@formal@none@1@S@The U.S. Bureau of Justice Statistics reports that almost 2% of all retail-sales workers suffer injuries from crime each year, almost twice the national average and about four times the rate for teachers, truck drivers, medical workers and door-to-door salespeople.@@@@1@40@@oe@2-2-2013
21450015@unknown@formal@none@1@S@Only a few other occupations have higher reported rates of criminal injury, such as police, bartenders and taxi drivers.@@@@1@19@@oe@2-2-2013
21450016@unknown@formal@none@1@S@Yet these figures show only the most visible part of the problem.@@@@1@12@@oe@2-2-2013
21450017@unknown@formal@none@1@S@Recent data from New York City provide more of the picture.@@@@1@11@@oe@2-2-2013
21450018@unknown@formal@none@1@S@While by no means the highest crime community in the country, New York is a prime example of a city where crime strangles small-business development.@@@@1@25@@oe@2-2-2013
21450019@unknown@formal@none@1@S@A survey of small businesses there was conducted this spring by Interface, a policy research organization.@@@@1@16@@oe@2-2-2013
21450020@unknown@formal@none@1@S@It gave 1,124 businesses a questionnaire and analyzed 353 responses.@@@@1@10@@oe@2-2-2013
21450021@unknown@formal@none@1@S@The survey found that over a three-year period 22% of the firms said employees or owners had been robbed on their way to or from work or while on the job.@@@@1@31@@oe@2-2-2013
21450022@unknown@formal@none@1@S@Seventeen percent reported their customers being robbed.@@@@1@7@@oe@2-2-2013
21450023@unknown@formal@none@1@S@Crime was the reason that 26% reported difficulty recruiting personnel and that 19% said they were considering moving.@@@@1@18@@oe@2-2-2013
21450024@unknown@formal@none@1@S@More than one-third of the responding businesses said they suffer from drug dealing and loitering near their premises.@@@@1@18@@oe@2-2-2013
21450025@unknown@formal@none@1@S@In Brooklyn and the Bronx, one out of four commercial firms is burglarized each year.@@@@1@15@@oe@2-2-2013
21450026@unknown@formal@none@1@S@Industrial neighborhoods fare even worse, with burglary rates twice the citywide average.@@@@1@12@@oe@2-2-2013
21450027@unknown@formal@none@1@S@Crime is clearly more deadly to small-scale entrepreneurship than to big businesses.@@@@1@12@@oe@2-2-2013
21450028@unknown@formal@none@1@S@Two decades ago, the Small Business Administration reported Yale Prof. Albert Reiss's landmark study of crime against 2,500 small businesses drawn from national IRS records.@@@@1@25@@oe@2-2-2013
21450029@unknown@formal@none@1@S@He found that monetary crime losses, as a proportion of gross receipts, were 37 times higher for small businesses than for large ones.@@@@1@23@@oe@2-2-2013
21450030@unknown@formal@none@1@S@The New York study's companies averaged 27 employees; their annual crime losses averaged about $15,000, with an additional $8,385 annual cost in security -- enough money to hire at least one more worker.@@@@1@33@@oe@2-2-2013
21450031@unknown@formal@none@1@S@The costs of crime may also be enough to destroy a struggling business.@@@@1@13@@oe@2-2-2013
21450032@unknown@formal@none@1@S@Whatever the monetary crime losses, they may not be nearly as important to entrepreneurs as the risk of personal injury.@@@@1@20@@oe@2-2-2013
21450033@unknown@formal@none@1@S@After repeated gun robberies, some entrepreneurs may give up a business out of fear for their lives.@@@@1@17@@oe@2-2-2013
21450034@unknown@formal@none@1@S@One Washington couple recently sold their liquor store after 34 years in business that included four robbery deaths and 16 robberies or burglaries on the premises.@@@@1@26@@oe@2-2-2013
21450035@unknown@formal@none@1@S@These findings illustrate the vicious cycle that National Institute of Justice Director James K. Stewart calls "crime causing poverty."@@@@1@19@@oe@2-2-2013
21450036@unknown@formal@none@1@S@Underclass neighborhoods offer relatively few employment opportunities, contributing to the poverty of local residents.@@@@1@14@@oe@2-2-2013
21450037@unknown@formal@none@1@S@Small neighborhood businesses could provide more jobs, if crime were not so harmful to creating and maintaining those businesses.@@@@1@19@@oe@2-2-2013
21450038@unknown@formal@none@1@S@This may help explain why small businesses create 65% of all jobs nationally, but only 22% of jobs in a crime-ridden city like New York.@@@@1@25@@oe@2-2-2013
21450039@unknown@formal@none@1@S@Bigger business can often better afford to minimize the cost of crime.@@@@1@12@@oe@2-2-2013
21450040@unknown@formal@none@1@S@The New York study found that the cost of security measures in firms with fewer than five employees was almost $1,000 per worker, compared with one-third that amount for firms with more than 10 employees.@@@@1@35@@oe@2-2-2013
21450041@unknown@formal@none@1@S@The shift of retailing to large shopping centers has created even greater economies of scale for providing low-crime business environments.@@@@1@20@@oe@2-2-2013
21450042@unknown@formal@none@1@S@Private security guards and moonlighting police can invoke the law of trespass to regulate access to these quasi-public places.@@@@1@19@@oe@2-2-2013
21450043@unknown@formal@none@1@S@Since 1984, in fact, revenues of the 10 largest guard companies, primarily serving such big businesses, have increased by almost 62%.@@@@1@21@@oe@2-2-2013
21450044@unknown@formal@none@1@S@Few small neighborhood businesses, however, can afford such protection, even in collaboration with other local merchants.@@@@1@16@@oe@2-2-2013
21450045@unknown@formal@none@1@S@In the neighborhoods with the highest crime rates, small business generally relies on the public police force for protection.@@@@1@19@@oe@2-2-2013
21450046@unknown@formal@none@1@S@This creates several problems.@@@@1@4@@oe@2-2-2013
21450047@unknown@formal@none@1@S@One is that there are not enough police to satisfy small businesses.@@@@1@12@@oe@2-2-2013
21450048@unknown@formal@none@1@S@The number one proposal for reducing crime in the New York survey was to put more police on foot or scooter patrol, suggested by more than two-thirds of the respondents.@@@@1@30@@oe@2-2-2013
21450049@unknown@formal@none@1@S@Only 22% supported private security patrols funded by the merchants themselves.@@@@1@11@@oe@2-2-2013
21450050@unknown@formal@none@1@S@A second problem is the persistent frustration of false alarms, which can make urban police less than enthusiastic about responding to calls from small businesses.@@@@1@25@@oe@2-2-2013
21450051@unknown@formal@none@1@S@Only half the New York small businesses surveyed, for their part, are satisfied with the police response they receive.@@@@1@19@@oe@2-2-2013
21450052@unknown@formal@none@1@S@Some cities, including New York, have experimented with special tax districts for commercial areas that provide additional patrols funded by local businesses.@@@@1@22@@oe@2-2-2013
21450053@unknown@formal@none@1@S@But this raises added cost barriers to urban entrepreneurship.@@@@1@9@@oe@2-2-2013
21450054@unknown@formal@none@1@S@Another solution cities might consider is giving special priority to police patrols of small-business areas.@@@@1@15@@oe@2-2-2013
21450055@unknown@formal@none@1@S@For cities losing business to suburban shopping centers, it may be a wise business investment to help keep those jobs and sales taxes within city limits.@@@@1@26@@oe@2-2-2013
21450056@unknown@formal@none@1@S@Increased patrolling of business zones makes sense because urban crime is heavily concentrated in such "hot spots" of pedestrian density.@@@@1@20@@oe@2-2-2013
21450057@unknown@formal@none@1@S@With National Institute of Justice support, the Minneapolis police and the Crime Control Institute are currently testing the effects of such a strategy, comparing its deterrence value with traditional random patrols.@@@@1@31@@oe@2-2-2013
21450058@unknown@formal@none@1@S@Small-business patrols would be an especially helpful gesture whenever a small-business person is scheduled to testify against a robbery suspect.@@@@1@20@@oe@2-2-2013
21450059@unknown@formal@none@1@S@While no guarantee, an increased police presence might even deter further attacks.@@@@1@12@@oe@2-2-2013
21450060@unknown@formal@none@1@S@It might even have saved the life, and business, of Israel Ortiz.@@@@1@12@@oe@2-2-2013
21450061@unknown@formal@none@1@S@Mr. Sherman is a professor of criminology at the University of Maryland and president of the Crime Control Institute in Washington, D.C.@@@@1@22@@oe@2-2-2013
21451001@unknown@formal@none@1@S@ENFIELD Corp. said in Toronto that it hopes to raise 56 million Canadian dollars (US$47.7 million) through a rights offering to shareholders.@@@@1@22@@oe@2-2-2013
21451002@unknown@formal@none@1@S@Under the offer, shareholders can purchase one Enfield share at C$6.27 for each five shares held.@@@@1@16@@oe@2-2-2013
21451003@unknown@formal@none@1@S@In Toronto Stock Exchange trading Friday, Enfield closed at C$6.75, down 37.5 cents.@@@@1@13@@oe@2-2-2013
21451004@unknown@formal@none@1@S@The holding company said the rights offering should reduce its C$171 million debt to "more manageable levels" before Dec. 31 and allow it to finance future investments with equity capital.@@@@1@30@@oe@2-2-2013
21451005@unknown@formal@none@1@S@At last report, Enfield had about 44.5 million shares outstanding.@@@@1@10@@oe@2-2-2013
21452001@unknown@formal@none@1@S@Former U.N. Ambassador Jeane Kirkpatrick, in a CNN "Capital Gang" discussion Oct. 7 of House action on federal catastrophic-illness insurance:@@@@1@20@@oe@2-2-2013
21452002@unknown@formal@none@1@S@I think this repeal was kind of a thoughtless action, as a matter of fact. . . .@@@@1@18@@oe@2-2-2013
21452003@unknown@formal@none@1@S@They will have to revisit this issue, and they'll have to revisit it before long.@@@@1@15@@oe@2-2-2013
21453001@unknown@formal@none@1@S@Diversification pays.@@@@1@2@@oe@2-2-2013
21453002@unknown@formal@none@1@S@That's a fundamental lesson for investors, but its truth was demonstrated once again in the performance of mutual funds during and after the stock market's Friday-the-13th plunge.@@@@1@27@@oe@2-2-2013
21453003@unknown@formal@none@1@S@Stock funds, like the market as a whole, generally dropped more than 2% in the week through last Thursday, according to figures compiled by Lipper Analytical Services Inc.@@@@1@28@@oe@2-2-2013
21453004@unknown@formal@none@1@S@That reflects the huge drop a week ago Friday, last Monday's rebound and the dips and blips that followed.@@@@1@19@@oe@2-2-2013
21453005@unknown@formal@none@1@S@But several other types of funds shielded investors from the worst of the market's slide.@@@@1@15@@oe@2-2-2013
21453006@unknown@formal@none@1@S@Funds that invest internationally were the top-performing stock and fixed-income funds.@@@@1@11@@oe@2-2-2013
21453007@unknown@formal@none@1@S@"More than ever, people should realize they should have a diversified portfolio," said Jeremy Duffield, a senior vice president of Vanguard Group.@@@@1@22@@oe@2-2-2013
21453008@unknown@formal@none@1@S@"That means stocks, bonds, money market instruments and real estate."@@@@1@10@@oe@2-2-2013
21453009@unknown@formal@none@1@S@One week's performance shouldn't be the basis for any investment decision.@@@@1@11@@oe@2-2-2013
21453010@unknown@formal@none@1@S@But the latest mutual fund performance figures do show what can happen when the going gets rough.@@@@1@17@@oe@2-2-2013
21453011@unknown@formal@none@1@S@"You want to know how a fund did when the market got hammered," said Kurt Brouwer, an investment adviser with Brouwer & Janachowski in San Francisco.@@@@1@26@@oe@2-2-2013
21453012@unknown@formal@none@1@S@"It's like kicking the tires of a car . . . .@@@@1@12@@oe@2-2-2013
21453013@unknown@formal@none@1@S@What you want to know is when the road's rough, when there's snow and ice, how's this car going to perform?"@@@@1@21@@oe@2-2-2013
21453014@unknown@formal@none@1@S@General equity funds fell an average of 2.35% in the week ended Thursday, compared with a 2.32% slide for the Standard & Poor's 500-stock index.@@@@1@25@@oe@2-2-2013
21453015@unknown@formal@none@1@S@But Lipper Analytical's figures show that there were a number of ways investors could have cushioned themselves from the stock market's gyrations.@@@@1@22@@oe@2-2-2013
21453016@unknown@formal@none@1@S@Gold-oriented funds, for instance, which invest in companies that mine and process the precious metal, posted an average decline of 1.15%.@@@@1@21@@oe@2-2-2013
21453017@unknown@formal@none@1@S@Flexible portfolio funds, which allocate investments among stocks, bonds and money-market instruments and other investments, declined at about half the rate of stock funds -- an average drop of 1.27%, according to Lipper.@@@@1@33@@oe@2-2-2013
21453018@unknown@formal@none@1@S@Global allocation funds take the asset-allocation concept one step further by investing at least 25% of their portfolios outside the U.S.@@@@1@21@@oe@2-2-2013
21453019@unknown@formal@none@1@S@This gives them the added benefits of international diversification -- including a foreign-exchange boost during periods, like the past week, when the dollar declines against other major currencies.@@@@1@28@@oe@2-2-2013
21453020@unknown@formal@none@1@S@With all that going for them, global flexible portfolio funds declined only 1.07% in the week through last Thursday.@@@@1@19@@oe@2-2-2013
21453021@unknown@formal@none@1@S@But while the merits of diversification shine through when times are tough, there's also a price to pay: A diversified portfolio always underperforms an undiversified portfolio during those times when the investment in the undiversified portfolio is truly hot.@@@@1@39@@oe@2-2-2013
21453022@unknown@formal@none@1@S@And Friday the 13th notwithstanding, stocks have been this year's hot investment.@@@@1@12@@oe@2-2-2013
21453023@unknown@formal@none@1@S@Thus, even including the latest week, the average general stock fund has soared more than 24% so far this year, the Lipper Analytical figures show.@@@@1@25@@oe@2-2-2013
21453024@unknown@formal@none@1@S@By comparison, global asset allocation funds have turned in an average total return of about 19%, while domestic flexible portfolios are up about 17%.@@@@1@24@@oe@2-2-2013
21453025@unknown@formal@none@1@S@Fixed-income funds have returned 8.2%, while gold funds, which tend to be volatile, have risen just 4.55%, on average.@@@@1@19@@oe@2-2-2013
21453026@unknown@formal@none@1@S@"That's the problem with trying to hedge too much," said Mr. Brouwer.@@@@1@12@@oe@2-2-2013
21453027@unknown@formal@none@1@S@"You don't make any real money."@@@@1@6@@oe@2-2-2013
21453028@unknown@formal@none@1@S@Over the last 20 years, for example, Mr. Brouwer says, an investor putting $5,000 a year in the S&P 500 would have made nearly twice as much than if it were invested in Treasury bills.@@@@1@35@@oe@2-2-2013
21453029@unknown@formal@none@1@S@Some equity funds did better than others in the week that began on Friday the 13th.@@@@1@16@@oe@2-2-2013
21453030@unknown@formal@none@1@S@The $4 million Monetta Fund, for instance, was the seventh top performing fund for the week, with a 2.65% return.@@@@1@20@@oe@2-2-2013
21453031@unknown@formal@none@1@S@Its return so far this year has been a credible 21.71%.@@@@1@11@@oe@2-2-2013
21453032@unknown@formal@none@1@S@The fund's strategy is to sell when a stock appreciates 30% over its cost.@@@@1@14@@oe@2-2-2013
21453033@unknown@formal@none@1@S@By the time the market plummeted 10 days ago, Monetta was 55% in cash, said Robert Bacarella, president and portfolio manager.@@@@1@21@@oe@2-2-2013
21453034@unknown@formal@none@1@S@Last Monday, he started "buying the high-quality growth companies that people were throwing away at discount prices."@@@@1@17@@oe@2-2-2013
21453035@unknown@formal@none@1@S@Among Mr. Bacarella's picks: Oracle Systems, Reebok International Ltd. and Digital Microwave Corp.@@@@1@13@@oe@2-2-2013
21453036@unknown@formal@none@1@S@The fund's cash position is now about 22%, which Mr. Bacarella calls "still bearish."@@@@1@14@@oe@2-2-2013
21453037@unknown@formal@none@1@S@Among the big stock funds, Dreyfus Fund, with more than $2 billion in assets, had a decline of just 1.49% for the week and a return of 21.42% for the year.@@@@1@31@@oe@2-2-2013
21453038@unknown@formal@none@1@S@Howard Stein, chairman of Dreyfus Corp., said the fund was about half invested in government bonds on Oct. 13, and about 10% in cash.@@@@1@24@@oe@2-2-2013
21453039@unknown@formal@none@1@S@"In a downward market, bonds act better," he said.@@@@1@9@@oe@2-2-2013
21453040@unknown@formal@none@1@S@"We still think there's a lot of unsettlement in this market.@@@@1@11@@oe@2-2-2013
21453041@unknown@formal@none@1@S@We believe interest rates will continue to trend lower, and the economy will slow around the world."@@@@1@17@@oe@2-2-2013
21453042@unknown@formal@none@1@S@Many of the funds that did best in the last week are heavily invested overseas, giving them the benefit of foreign currency translations when the dollar is weak.@@@@1@28@@oe@2-2-2013
21453043@unknown@formal@none@1@S@From its high point on Thursday, Oct. 12, to where it traded late in New York a week later, the dollar fell 3.6% against the West German mark, 3.4% against the British pound and 2.1% against the Japanese yen.@@@@1@39@@oe@2-2-2013
21453044@unknown@formal@none@1@S@Three International Cash Portfolios funds, which invest almost exclusively in bonds and money-market instruments overseas, were among the four top-performing funds in the latest week.@@@@1@25@@oe@2-2-2013
21453045@unknown@formal@none@1@S@Because the funds' investments are denominated in foreign currencies, their value expressed in dollars goes up when those currencies rise against the dollar.@@@@1@23@@oe@2-2-2013
21453046@unknown@formal@none@1@S@But when the dollar rises against major foreign currencies, as it did for much of this year, the dollar value of these funds declines.@@@@1@24@@oe@2-2-2013
21453047@unknown@formal@none@1@S@All three funds posted negative returns for the year to date.@@@@1@11@@oe@2-2-2013
21453048@unknown@formal@none@1@S@Of the funds that fared the worst in the post-Oct. 13 week, two are heavily invested in airlines stocks, which led the market slide following problems with financing for the UAL Corp. buy-out plan.@@@@1@34@@oe@2-2-2013
21453049@unknown@formal@none@1@S@Reflecting airline takeover activity, however, both the Fidelity Select Air Transportation Portfolio and the National Aviation & Technology fund posted better-than-average returns for the the year to date: 30.09% for the Fidelity Air Transportation fund and a whopping 47.24% for National Aviation & Technology.@@@@1@44@@oe@2-2-2013
21453050@unknown@formal@none@1@S@The small drop in equity funds in general in the latest week may not necessarily be a good sign, said A. Michael Lipper, president of Lipper Analytical.@@@@1@27@@oe@2-2-2013
21453051@unknown@formal@none@1@S@Noting that equity funds are up nearly 60% from their post-crash low on Dec. 3, 1987, he said that what happened last week "may not be enough of an adjustment.@@@@1@30@@oe@2-2-2013
21453052@unknown@formal@none@1@S@There's either more to come or an extremely long period of dullness."@@@@1@12@@oe@2-2-2013
21453053@unknown@formal@none@1@S@But investors don't seem to think so.@@@@1@7@@oe@2-2-2013
21453054@unknown@formal@none@1@S@Several big mutual fund groups said last week that cash flows into stock funds were heavier than usual after heavy outflows on the 13th.@@@@1@24@@oe@2-2-2013
21453055@unknown@formal@none@1@S@Vanguard Group said it had a more than $50 million net inflow into its stock funds last week.@@@@1@18@@oe@2-2-2013
21453056@unknown@formal@none@1@S@"There certainly hasn't been a panic reaction," said Steven Norwitz, a vice president at T. Rowe Price Associates.@@@@1@18@@oe@2-2-2013
21453057@unknown@formal@none@1@S@"People showed some staying power and, in fact, interest in buying equities."@@@@1@12@@oe@2-2-2013
21453058@unknown@formal@none@1@S@Source: Lipper Analytical Services Inc.@@@@1@5@@oe@2-2-2013
21453059@unknown@formal@none@1@S@*Not counting dividends@@@@1@3@@oe@2-2-2013
21453060@unknown@formal@none@1@S@**With dividends reinvested@@@@1@3@@oe@2-2-2013
21453061@unknown@formal@none@1@S@Sources: Lipper Analytical Services Inc.; Standard & Poor's Corp.@@@@1@9@@oe@2-2-2013
21454001@unknown@formal@none@1@S@Guardian Royal Exchange Assurance PLC, a major British composite insurer, said it is taking a stake in Nationwide Anglia Building Society's estate agency business as part of a plan to create a range of commercial linkages in the U.K. and Europe.@@@@1@41@@oe@2-2-2013
21454002@unknown@formal@none@1@S@Officials declined to disclose the value of the transaction or the exact stake that GRE will hold in Nationwide Anglia Estate Agents.@@@@1@22@@oe@2-2-2013
21454003@unknown@formal@none@1@S@But the companies said that Nationwide Anglia Estate Agents will market GRE life insurance, pension and investment products through its more than 1,000 retail outlets in the U.K.@@@@1@28@@oe@2-2-2013
21454004@unknown@formal@none@1@S@Besides the marketing agreement, GRE said Nationwide Anglia has agreed to develop life insurance products with the composite insurer.@@@@1@19@@oe@2-2-2013
21455001@unknown@formal@none@1@S@Sitting at the bar of the Four Seasons restaurant, architect William McDonough seems oblivious to the glamorous clientele and the elegant setting.@@@@1@22@@oe@2-2-2013
21455002@unknown@formal@none@1@S@He is ogling the curtains rippling above the ventilation ducts.@@@@1@10@@oe@2-2-2013
21455003@unknown@formal@none@1@S@"Look how much air is moving around!" he says.@@@@1@9@@oe@2-2-2013
21455004@unknown@formal@none@1@S@"The ventilation here is great!"@@@@1@5@@oe@2-2-2013
21455005@unknown@formal@none@1@S@You may be hearing more about the 38-year-old Mr. McDonough and his preoccupation with clean air.@@@@1@16@@oe@2-2-2013
21455006@unknown@formal@none@1@S@After years of relative obscurity, he is starting to attract notice for the ecological as well as the aesthetic quality of his architecture.@@@@1@23@@oe@2-2-2013
21455007@unknown@formal@none@1@S@Mr. McDonough believes that the well-being of the planet depends on such stratagems as opening windows to cut indoor air pollution, tacking down carpets instead of using toxic glues, and avoiding mahogany, which comes from endangered rain forests.@@@@1@38@@oe@2-2-2013
21455008@unknown@formal@none@1@S@He has put some of his aesthetic ideas into practice with his design of the four-star Quilted Giraffe restaurant -- "architecturally impeccable," Progressive Architecture magazine called it -- and his remodeling of Paul Stuart, the Madison Avenue clothing store.@@@@1@39@@oe@2-2-2013
21455009@unknown@formal@none@1@S@He has designed furniture and homes as well as commercial and office space.@@@@1@13@@oe@2-2-2013
21455010@unknown@formal@none@1@S@He is now designing a Broadway stage set for a show by the band Kid Creole and the Coconuts.@@@@1@19@@oe@2-2-2013
21455011@unknown@formal@none@1@S@What really stirs his muse, though, is aerobic architecture.@@@@1@9@@oe@2-2-2013
21455012@unknown@formal@none@1@S@Now the question is: Is Poland ready for it?@@@@1@9@@oe@2-2-2013
21455013@unknown@formal@none@1@S@Mr. McDonough is about to tackle his biggest clean-air challenge yet, the proposed Warsaw Trade Center in Poland, the first such center in Eastern Europe.@@@@1@25@@oe@2-2-2013
21455014@unknown@formal@none@1@S@The project has already acquired a certain New York cachet.@@@@1@10@@oe@2-2-2013
21455015@unknown@formal@none@1@S@Bloomingdale's plans to sell a foot-tall chocolate model of the center during the holidays.@@@@1@14@@oe@2-2-2013
21455016@unknown@formal@none@1@S@Some of the sales proceeds will go to the Design Industries Foundation for AIDS.@@@@1@14@@oe@2-2-2013
21455017@unknown@formal@none@1@S@A cake topped with a replica of the center will be auctioned at an AIDS benefit at Sotheby's in December.@@@@1@20@@oe@2-2-2013
21455018@unknown@formal@none@1@S@If Mr. McDonough's plans get executed, as much of the Polish center as possible will be made from aluminum, steel and glass recycled from Warsaw's abundant rubble.@@@@1@27@@oe@2-2-2013
21455019@unknown@formal@none@1@S@A 20-story mesh spire will stand atop 50 stories of commercial space.@@@@1@12@@oe@2-2-2013
21455020@unknown@formal@none@1@S@Solar-powered batteries will make the spire glow.@@@@1@7@@oe@2-2-2013
21455021@unknown@formal@none@1@S@The windows will open.@@@@1@4@@oe@2-2-2013
21455022@unknown@formal@none@1@S@The carpets won't be glued down, and walls will be coated with nontoxic finishes.@@@@1@14@@oe@2-2-2013
21455023@unknown@formal@none@1@S@To the extent that the $150 million budget will allow it, Mr. McDonough will rely on solid wood, rather than plywood or particle board, to limit the emission of formaldehyde.@@@@1@30@@oe@2-2-2013
21455024@unknown@formal@none@1@S@If Mr. McDonough has his way, the Poles will compensate for the trade center's emissions of carbon dioxide, a prime suspect in the global atmospheric warming many scientists fear.@@@@1@29@@oe@2-2-2013
21455025@unknown@formal@none@1@S@The Poles would plant a 10-square-mile forest somewhere in the country at a cost of $150,000, with the center's developer footing the bill.@@@@1@23@@oe@2-2-2013
21455026@unknown@formal@none@1@S@The news hasn't exactly moved others in Mr. McDonough's profession to become architectural Johnny Appleseeds.@@@@1@15@@oe@2-2-2013
21455027@unknown@formal@none@1@S@All architects want to be aware of the ecological consequences of their work, says John Burgee, whose New York firm is designing the redevelopment of Times Square, "but we can't all carry it to that extreme."@@@@1@36@@oe@2-2-2013
21455028@unknown@formal@none@1@S@Karen Nichols, senior associate at Michael Graves's architecture firm in Princeton, N.J., says: "We're really at the mercy of what the construction industry can and will do readily."@@@@1@28@@oe@2-2-2013
21455029@unknown@formal@none@1@S@Mr. McDonough responds: "I'm asking people to broaden their agendas."@@@@1@10@@oe@2-2-2013
21455030@unknown@formal@none@1@S@The son of a Seagram's executive who was stationed in many countries around the world, Mr. McDonough was born in Tokyo and attended 19 schools in places ranging from Hong Kong to Shaker Heights, Ohio, before entering Dartmouth College.@@@@1@39@@oe@2-2-2013
21455031@unknown@formal@none@1@S@He earned a master's degree in architecture from Yale.@@@@1@9@@oe@2-2-2013
21455032@unknown@formal@none@1@S@His interest in the natural environment dates from his youth.@@@@1@10@@oe@2-2-2013
21455033@unknown@formal@none@1@S@He and his father still spend time each summer fly-fishing for salmon in Iceland.@@@@1@14@@oe@2-2-2013
21455034@unknown@formal@none@1@S@Living in Hong Kong, he says, made him sensitive to the limits on food, power and water supplies.@@@@1@18@@oe@2-2-2013
21455035@unknown@formal@none@1@S@At his first school in the U.S. he was thought a little strange for shutting off open water taps and admonishing his schoolmates to take only brief showers.@@@@1@28@@oe@2-2-2013
21455036@unknown@formal@none@1@S@He and a Dartmouth roommate established a company that restored three hydroelectric power plants in Vermont.@@@@1@16@@oe@2-2-2013
21455037@unknown@formal@none@1@S@At Yale, he designed one of the first solarheated houses to be built in Ireland.@@@@1@15@@oe@2-2-2013
21455038@unknown@formal@none@1@S@Mr. McDonough's first professional project fully to reflect his environmental ardor was his 1986 design for the headquarters of the Environmental Defense Fund in New York.@@@@1@26@@oe@2-2-2013
21455039@unknown@formal@none@1@S@The offices took 10,000 square feet of a building with 14-foot ceilings and big, operable windows.@@@@1@16@@oe@2-2-2013
21455040@unknown@formal@none@1@S@Since the 1970s energy crisis, some efforts to conserve energy by sealing buildings have had an unintended side effect: high indoor pollution.@@@@1@22@@oe@2-2-2013
21455041@unknown@formal@none@1@S@To reduce it at the fund's building, workers rubbed beeswax instead of polyurethane on the floors in the executive director's office.@@@@1@21@@oe@2-2-2013
21455042@unknown@formal@none@1@S@Jute, rather than a synthetic material, lies under the tacked-down carpets, and the desks are of wood and granite instead of plastic.@@@@1@22@@oe@2-2-2013
21455043@unknown@formal@none@1@S@The budget was only $400,000.@@@@1@5@@oe@2-2-2013
21455044@unknown@formal@none@1@S@"Athens with Spartan means," Mr. McDonough says.@@@@1@7@@oe@2-2-2013
21455045@unknown@formal@none@1@S@The fund's lawyers work in an Athenian grove of potted trees.@@@@1@11@@oe@2-2-2013
21455046@unknown@formal@none@1@S@Economists and administrators sit along a "boulevard" with street lamps and ficus trees.@@@@1@13@@oe@2-2-2013
21455047@unknown@formal@none@1@S@In offices, triphosphorous bulbs simulate daylight.@@@@1@6@@oe@2-2-2013
21455048@unknown@formal@none@1@S@Offices with outside windows have inside windows, too, to let in more real daylight.@@@@1@14@@oe@2-2-2013
21455049@unknown@formal@none@1@S@"We proved a healthy office doesn't cost more," says Frederic Krupp, executive director of the fund.@@@@1@16@@oe@2-2-2013
21455050@unknown@formal@none@1@S@It "really looks beautiful and is very light," says Ann Hornaday, a free-lance writer who has visited the office for lunch meetings.@@@@1@22@@oe@2-2-2013
21455051@unknown@formal@none@1@S@But, she says, "I guess I didn't really notice the trees.@@@@1@11@@oe@2-2-2013
21455052@unknown@formal@none@1@S@Maybe they were hidden by all the people."@@@@1@8@@oe@2-2-2013
21455053@unknown@formal@none@1@S@Neither the Quilted Giraffe nor the Paul Stuart renovation reflects much of Mr. McDonough's environmental concern.@@@@1@16@@oe@2-2-2013
21455054@unknown@formal@none@1@S@The restaurant was conceived as a sparkling, crystalline "geode."@@@@1@9@@oe@2-2-2013
21455055@unknown@formal@none@1@S@It makes extensive use of stainless steel, silver and aluminum that sets off black granite table tops and a gray terrazzo with zinc-strip floors.@@@@1@24@@oe@2-2-2013
21455056@unknown@formal@none@1@S@To more than replace the wood from two English oaks used for paneling at Paul Stuart, however, Mr. McDonough and friends planted 1,000 acorns around the country.@@@@1@27@@oe@2-2-2013
21455057@unknown@formal@none@1@S@The ambitious Warsaw project still awaits approval by city officials.@@@@1@10@@oe@2-2-2013
21455058@unknown@formal@none@1@S@Its developer is a Polish American, Sasha Muniak.@@@@1@8@@oe@2-2-2013
21455059@unknown@formal@none@1@S@He had worked with Mr. McDonough on an earlier project and recruited him as architect for the trade center.@@@@1@19@@oe@2-2-2013
21455060@unknown@formal@none@1@S@The center will provide space for computer hardware and facsimile and other telecommunications equipment, not readily accessible in Poland now, for a growing number of Westerners doing business in Eastern Europe.@@@@1@31@@oe@2-2-2013
21455061@unknown@formal@none@1@S@Mr. McDonough thinks of the center as the "Eiffel Tower of Warsaw" and "a symbol of the resurgence of Poland."@@@@1@20@@oe@2-2-2013
21455062@unknown@formal@none@1@S@If any nation can use environmentally benign architecture, it is Poland.@@@@1@11@@oe@2-2-2013
21455063@unknown@formal@none@1@S@Jessica Mathews, vice president of World Resources Institute in Washington, D.C., says that perhaps a quarter of Poland's soil is too contaminated for safe farming because of air pollution.@@@@1@29@@oe@2-2-2013
21455064@unknown@formal@none@1@S@The pollution is also killing forests and destroying buildings that date back to the Middle Ages.@@@@1@16@@oe@2-2-2013
21455065@unknown@formal@none@1@S@The future of the forest remains uncertain.@@@@1@7@@oe@2-2-2013
21455066@unknown@formal@none@1@S@Mr. Muniak's company, Balag Ltd., has agreed to set aside the money to plant and maintain it, but discussions are still going on over where to place it and how to ensure that it will be maintained.@@@@1@37@@oe@2-2-2013
21455067@unknown@formal@none@1@S@After all, Mr. Muniak says, "in Poland there aren't too many people worried about the environment.@@@@1@16@@oe@2-2-2013
21455068@unknown@formal@none@1@S@They're more worried about bread on the table.@@@@1@8@@oe@2-2-2013
21456001@unknown@formal@none@1@S@Pittston Co.'s third-quarter net income plunged 79%, reflecting the impact of a prolonged and bitter labor strike at its coal operations.@@@@1@21@@oe@2-2-2013
21456002@unknown@formal@none@1@S@Net sank to $3.1 million, or eight cents a share, including $789,000, or two cents a share, reflecting a tax-loss carry-forward.@@@@1@21@@oe@2-2-2013
21456003@unknown@formal@none@1@S@In the year-ago quarter, net totaled $14.7 million, or 38 cents a share, including $4 million, or 10 cents a share, reflecting a tax-loss carry-forward.@@@@1@25@@oe@2-2-2013
21456004@unknown@formal@none@1@S@Revenue slipped 0.7% to $395.3 million from $398.3 million.@@@@1@9@@oe@2-2-2013
21456005@unknown@formal@none@1@S@Pittston also owns Brink's Inc., the security service, and Burlington Air Express, the air-freight concern.@@@@1@15@@oe@2-2-2013
21456006@unknown@formal@none@1@S@In addition to expected losses tied to the labor strike, the coal group has spent almost $20 million since the strike began for security, the company said.@@@@1@27@@oe@2-2-2013
21456007@unknown@formal@none@1@S@As a result, the group's third-quarter loss widened to $9.8 million from the second quarter's $3.6 million.@@@@1@17@@oe@2-2-2013
21456008@unknown@formal@none@1@S@Pittston continues to hire replacement workers, the company said.@@@@1@9@@oe@2-2-2013
21456009@unknown@formal@none@1@S@Burlington's operating profit grew to $9.2 million from $3.8 million a year earlier, Pittston said.@@@@1@15@@oe@2-2-2013
21456010@unknown@formal@none@1@S@While "the tone" of domestic and international air-freight markets remains sound, seasonal factors are likely to hinder Burlington Air from matching third-quarter results in the fourth quarter, Pittston said.@@@@1@29@@oe@2-2-2013
21456011@unknown@formal@none@1@S@Brink's operating profit was about flat with the year-earlier period, reflecting continued pricing and cost pressures.@@@@1@16@@oe@2-2-2013
21456012@unknown@formal@none@1@S@In New York Stock Exchange composite trading Friday, Pittston closed at $18.50 a share, down 12.5 cents.@@@@1@17@@oe@2-2-2013
21457001@unknown@formal@none@1@S@Doesn't anybody here want to win this mayor's race?@@@@1@9@@oe@2-2-2013
21457002@unknown@formal@none@1@S@As they stumble and bumble toward election day two weeks from tomorrow, both Democrat David Dinkins and Republican Rudolph Giuliani are in trouble.@@@@1@23@@oe@2-2-2013
21457003@unknown@formal@none@1@S@Mr. Dinkins, the Manhattan borough president, can afford more bumbling and stumbling because he holds a comfortable 20-point lead in most of the public-opinion polls.@@@@1@25@@oe@2-2-2013
21457004@unknown@formal@none@1@S@But, in the past 10 days, he has taken a series of body blows to his pride and his reputation that could adversely affect his ability to govern this tumultuous city should he become New York's first black mayor.@@@@1@39@@oe@2-2-2013
21457005@unknown@formal@none@1@S@Ordinarily, a clever opponent would find a way to capitalize on the other side's misfortunes.@@@@1@15@@oe@2-2-2013
21457006@unknown@formal@none@1@S@But Mr. Giuliani, a celebrated prosecutor, has had difficulty switching from his crime-busting, finger-pointing mode to a political stance that suggests he might know something about running this big, troubled city.@@@@1@31@@oe@2-2-2013
21457007@unknown@formal@none@1@S@And now, at the crucial moment, he's running out of money.@@@@1@11@@oe@2-2-2013
21457008@unknown@formal@none@1@S@This is the nation's biggest city and, traditionally, its mayor is the nation's best-known urban politician.@@@@1@16@@oe@2-2-2013
21457009@unknown@formal@none@1@S@Democrats hoped that Mr. Dinkins could become a highly visible national leader.@@@@1@12@@oe@2-2-2013
21457010@unknown@formal@none@1@S@Republicans figured that in Mr. Giuliani, the nation's best-known prosecutor, they had a chance for a huge upset in the heart of Democratic territory and that they would pick up a new political star.@@@@1@34@@oe@2-2-2013
21457011@unknown@formal@none@1@S@But it hasn't worked out that way.@@@@1@7@@oe@2-2-2013
21457012@unknown@formal@none@1@S@"Dinkins is a decent but sloppy guy," says David Garth, veteran campaign consultant here who has always worked for Mayor Edward Koch, defeated by Mr. Dinkins in the Sept. 12 Democratic primary.@@@@1@32@@oe@2-2-2013
21457013@unknown@formal@none@1@S@"The alternative -- Giuliani -- is ghastly."@@@@1@7@@oe@2-2-2013
21457014@unknown@formal@none@1@S@"I guess we'll reluctantly go ahead and do it, vote for Dinkins," says Richard Wade, a politically active professor who supported Richard Ravitch, an also-ran in the Democratic primary.@@@@1@29@@oe@2-2-2013
21457015@unknown@formal@none@1@S@"There's nothing on the other side."@@@@1@6@@oe@2-2-2013
21457016@unknown@formal@none@1@S@"We're picking up steam," insists Roger Ailes, Mr. Giuliani's media consultant, whose last big campaign helped put George Bush in the White House.@@@@1@23@@oe@2-2-2013
21457017@unknown@formal@none@1@S@He adds: "It just hasn't gotten down to the engine room yet."@@@@1@12@@oe@2-2-2013
21457018@unknown@formal@none@1@S@But the steam may never reach the engine room.@@@@1@9@@oe@2-2-2013
21457019@unknown@formal@none@1@S@For, just as Mr. Giuliani latches on to an issue that has Mr. Dinkins reeling, his campaign desperately needs cash to keep Mr. Ailes's commercials on the air beyond Wednesday or Thursday.@@@@1@32@@oe@2-2-2013
21457020@unknown@formal@none@1@S@To help out this week, the White House is dispatching chief of staff John Sununu and three Cabinet members -- HUD's Jack Kemp, Transportation's Samuel Skinner and Treasury's Nicholas Brady, according to Peter Powers, the Giuliani campaign manager.@@@@1@38@@oe@2-2-2013
21457021@unknown@formal@none@1@S@For Republicans who began this campaign with such high hopes, all of this is deeply frustrating.@@@@1@16@@oe@2-2-2013
21457022@unknown@formal@none@1@S@Historically, New York is almost always in trouble.@@@@1@8@@oe@2-2-2013
21457023@unknown@formal@none@1@S@But the trouble it faces now under Democratic rule seems bigger and more daunting than anything it has faced in the past.@@@@1@22@@oe@2-2-2013
21457024@unknown@formal@none@1@S@This year, the city faces a budget deficit that could become even bigger next year.@@@@1@15@@oe@2-2-2013
21457025@unknown@formal@none@1@S@And hardly surprising, many residents trying to cope with the city's other problems are constantly on edge, one ethnic group scrapping with another.@@@@1@23@@oe@2-2-2013
21457026@unknown@formal@none@1@S@"People weren't so happy in the 1930s," says Thomas Lessner, another local professor and the biographer of the legendary Fiorello LaGuardia, the city's fusion mayor who built a coalition Mr. Giuliani hopes to emulate.@@@@1@34@@oe@2-2-2013
21457027@unknown@formal@none@1@S@"But, at least, back then they didn't generally direct their anger at each other."@@@@1@14@@oe@2-2-2013
21457028@unknown@formal@none@1@S@The 62-year-old Mr. Dinkins, an ex-Marine, has served as the city clerk and as Manhattan borough president, a job with limited executive responsibilities@@@@1@23@@oe@2-2-2013
21457029@unknown@formal@none@1@S@("I defy you to come up with one major accomplishment of David Dinkins," says Mr. Giuliani.)@@@@1@16@@oe@2-2-2013
21457030@unknown@formal@none@1@S@He defeated the contentious Mr. Koch in the Democratic primary partly because he seemed to offer hope he could heal the city's racial and ethnic wounds.@@@@1@26@@oe@2-2-2013
21457031@unknown@formal@none@1@S@His general-election campaign is almost Reagan-like, all muted pictures and comforting words.@@@@1@12@@oe@2-2-2013
21457032@unknown@formal@none@1@S@His theme is unity, decency, humanity, bringing New York together again.@@@@1@11@@oe@2-2-2013
21457033@unknown@formal@none@1@S@Both candidates are negotiating about holding debates, but Mr. Dinkins is widely seen as the major obstacle for scheduling them.@@@@1@20@@oe@2-2-2013
21457034@unknown@formal@none@1@S@The 45-year-old Mr. Giuliani has run a negative campaign to pick up votes leaning to Mr. Dinkins.@@@@1@17@@oe@2-2-2013
21457035@unknown@formal@none@1@S@"He's got to get Dinkins's negatives up," says Lee Miringoff, director of the Marist College Institute of Public Opinion.@@@@1@19@@oe@2-2-2013
21457036@unknown@formal@none@1@S@"But our polls show voters don't like the attack stuff.@@@@1@10@@oe@2-2-2013
21457037@unknown@formal@none@1@S@Why, even 20% of the Republican vote is going to Dinkins."@@@@1@11@@oe@2-2-2013
21457038@unknown@formal@none@1@S@"It's assault-weapons politics," says John Siegal, Mr. Dinkins's issues director, insisting there is a strong racist undertone to the Giuliani effort.@@@@1@21@@oe@2-2-2013
21457039@unknown@formal@none@1@S@For the Giuliani forces, it's a conundrum.@@@@1@7@@oe@2-2-2013
21457040@unknown@formal@none@1@S@On the one hand, Mr. Giuliani wants to cut into Mr. Dinkins's credibility.@@@@1@13@@oe@2-2-2013
21457041@unknown@formal@none@1@S@On the other, he seeks to convince voters he's the new Fiorello LaGuardia -- affable, good-natured and ready to lead New York out of the mess it's in.@@@@1@28@@oe@2-2-2013
21457042@unknown@formal@none@1@S@It hasn't helped that he's waffled on abortion and gay rights, sought the support of both the Liberal and Conservative parties (he won the Liberal endorsement) and that he turned to comedian Jackie Mason for help with Jewish voters.@@@@1@39@@oe@2-2-2013
21457043@unknown@formal@none@1@S@Mr. Mason left the campaign after telling reporters Mr. Dinkins is "a fancy 'shvartzer' with a moustache."@@@@1@17@@oe@2-2-2013
21457044@unknown@formal@none@1@S@Shvartzer is a derogatory Yiddish word for a black person.@@@@1@10@@oe@2-2-2013
21457045@unknown@formal@none@1@S@Mr. Dinkins concedes nothing in his ability to stumble and bumble.@@@@1@11@@oe@2-2-2013
21457046@unknown@formal@none@1@S@He can match Jackie Mason with his own Robert "Sonny" Carson, an angry street organizer who was convicted of kidnapping in 1974.@@@@1@22@@oe@2-2-2013
21457047@unknown@formal@none@1@S@The Dinkins campaign paid Mr. Carson close to $10,000 to get out the vote on primary-election day.@@@@1@17@@oe@2-2-2013
21457048@unknown@formal@none@1@S@Paper work on how it was spent is incomplete.@@@@1@9@@oe@2-2-2013
21457049@unknown@formal@none@1@S@Mr. Carson has been charged with being anti-Semitic.@@@@1@8@@oe@2-2-2013
21457050@unknown@formal@none@1@S@Asked about that the other day, he replied, "Anti-Semitic?@@@@1@9@@oe@2-2-2013
21457051@unknown@formal@none@1@S@I'm anti-white."@@@@1@2@@oe@2-2-2013
21457052@unknown@formal@none@1@S@More troubling for Mr. Dinkins is his record in personal accounting.@@@@1@11@@oe@2-2-2013
21457053@unknown@formal@none@1@S@It began in 1973, when he was being considered for deputy mayor, and a routine check unearthed the extraordinary fact that he hadn't paid his income tax for the previous four years.@@@@1@32@@oe@2-2-2013
21457054@unknown@formal@none@1@S@"I was always going to do it tomorrow," he explained at the time.@@@@1@13@@oe@2-2-2013
21457055@unknown@formal@none@1@S@And now he's busily trying to explain an arrangement in which he sold stock in Inner City Broadcasting Co., headed by his old friend and patron, Percy Sutton, to his son, David Dinkins Jr., for $58,000.@@@@1@36@@oe@2-2-2013
21457056@unknown@formal@none@1@S@He had valued the shares at more than $1 million two years earlier.@@@@1@13@@oe@2-2-2013
21457057@unknown@formal@none@1@S@He says he sold the stock to avoid conflict-of-interest problems in his role as a voting member of the city's Board of Estimate.@@@@1@23@@oe@2-2-2013
21457058@unknown@formal@none@1@S@He says his son hasn't paid for the shares.@@@@1@9@@oe@2-2-2013
21457059@unknown@formal@none@1@S@"It looks like serious tax evasion," says Mr. Ailes, the Giuliani media consultant.@@@@1@13@@oe@2-2-2013
21457060@unknown@formal@none@1@S@"It follows the same pattern as his tax returns.@@@@1@9@@oe@2-2-2013
21457061@unknown@formal@none@1@S@He waits to talk about it until after he gets caught."@@@@1@11@@oe@2-2-2013
21457062@unknown@formal@none@1@S@"He simply hasn't explained why something worth a million dollars ended up worth $58,000 two years later," says Mr. Powers, the Giuliani campaign manager.@@@@1@24@@oe@2-2-2013
21457063@unknown@formal@none@1@S@"It's ludicrous for him to suggest it's the difference between the 'breakup' value of the shares and their market value."@@@@1@20@@oe@2-2-2013
21457064@unknown@formal@none@1@S@So far though, no one -- not even former U.S. attorney Giuliani -- has been able to pinpoint just what law Mr. Dinkins has broken or just what tax he has evaded.@@@@1@32@@oe@2-2-2013
21457065@unknown@formal@none@1@S@"The crime goes to character," says Ron Maiorana, a consultant to the Giuliani campaign.@@@@1@14@@oe@2-2-2013
21457066@unknown@formal@none@1@S@"It's serious stuff.@@@@1@3@@oe@2-2-2013
21457067@unknown@formal@none@1@S@He evades and ducks.@@@@1@4@@oe@2-2-2013
21457068@unknown@formal@none@1@S@He's had a history of deception and this is the latest chapter."@@@@1@12@@oe@2-2-2013
21457069@unknown@formal@none@1@S@"It makes people think, maybe this guy isn't so squeaky clean after all," says Mr. Garth, Mayor Koch's media consultant.@@@@1@20@@oe@2-2-2013
21457070@unknown@formal@none@1@S@"The result may turn out to be a lot closer than people think.@@@@1@13@@oe@2-2-2013
21458001@unknown@formal@none@1@S@The long-running scandal surrounding the 1982 collapse of Banco Ambrosiano was reignited by the arrest last week of Rome businessman Flavio Carboni on fraud charges.@@@@1@25@@oe@2-2-2013
21458002@unknown@formal@none@1@S@Rome magistrates accuse Mr. Carboni and several other people of trying to extort 1.2 billion lire ($880,000) from the Vatican in return for documents contained in the briefcase of Roberto Calvi, the Ambrosiano chairman found hanged under London's Blackfriar's Bridge shortly before the bank's collapse.@@@@1@45@@oe@2-2-2013
21458003@unknown@formal@none@1@S@Banco Ambrosiano, which was Italy's largest private-sector bank, collapsed in 1982 with $1.3 billion of debts.@@@@1@16@@oe@2-2-2013
21458004@unknown@formal@none@1@S@Most of the money was lent to a series of shell companies in Panama and Luxembourg that were owned, directly or indirectly, by the Vatican bank.@@@@1@26@@oe@2-2-2013
21458005@unknown@formal@none@1@S@The Vatican, which denies any wrongdoing, paid $250 million to the Milan bank's creditors as a "goodwill gesture" in 1985.@@@@1@20@@oe@2-2-2013
21458006@unknown@formal@none@1@S@Italian news reports said Mr. Carboni and a colleague obtained 1.2 billion lire in checks from a Vatican official, Pavel Hnilica.@@@@1@21@@oe@2-2-2013
21458007@unknown@formal@none@1@S@Italian papers speculated the briefcase contained papers either exonerating the Vatican bank from blame in the scandal, or showing that the bank, known as the Istituto per le Opere di Religione, channeled funds to East bloc groups such as Solidarity in Poland.@@@@1@42@@oe@2-2-2013
21458008@unknown@formal@none@1@S@Neither Mr. Hnilica, Mr. Carboni nor Vatican officials could be reached for comment over the weekend.@@@@1@16@@oe@2-2-2013
21459001@unknown@formal@none@1@S@This business trust company said its board elected Kieran E. Burke, a consultant to Drexel Burnham Lambert Group Inc., as chief executive officer, a new post, and as president.@@@@1@29@@oe@2-2-2013
21459002@unknown@formal@none@1@S@Mr. Burke succeeds Richard D. Manley, who will remain as a consultant to the company.@@@@1@15@@oe@2-2-2013
21459003@unknown@formal@none@1@S@Both men were unavailable to comment.@@@@1@6@@oe@2-2-2013
21459004@unknown@formal@none@1@S@The company also named Michael E. Gellert, a director and a major shareholder, to fill the vacant seat of chairman.@@@@1@20@@oe@2-2-2013
21460001@unknown@formal@none@1@S@Britain's Serious Fraud Office said it will investigate the circumstances surrounding alleged phantom contracts at Ferranti International Signal PLC's International Signal & Control unit.@@@@1@24@@oe@2-2-2013
21460002@unknown@formal@none@1@S@The investigation, which will be coordinated with one already under way in the U.S., follows the discovery of what Ferranti has called a "serious" fraud involving its U.S. subsidiary.@@@@1@29@@oe@2-2-2013
21460003@unknown@formal@none@1@S@International Signal & Control, Lancaster, Pa., a defense-equipment manufacturer, was bought by Ferranti in 1987 for #420 million ($670.3 million).@@@@1@20@@oe@2-2-2013
21460004@unknown@formal@none@1@S@Ferranti has said that it would be forced to write off #185 million against the phantom contracts, reducing its net asset value by more than half.@@@@1@26@@oe@2-2-2013
21460005@unknown@formal@none@1@S@The Serious Fraud Office, a division of London's Metropolitan Police responsible for investigating financial crimes, said its work would take in "allegations of fraud prior to, surrounding and subsequent to the merger."@@@@1@32@@oe@2-2-2013
21460006@unknown@formal@none@1@S@Ferranti said that it welcomes the investigation and that it will "cooperate fully."@@@@1@13@@oe@2-2-2013
21460007@unknown@formal@none@1@S@Derek Alun-Jones, Ferranti's chairman, has said he hoped to pursue legal action against those responsible.@@@@1@15@@oe@2-2-2013
21460008@unknown@formal@none@1@S@The British defense electronics group has said it will sell #100 million in assets and may seek a merger to strengthen itself in the wake of its troubles.@@@@1@28@@oe@2-2-2013
21461001@unknown@formal@none@1@S@Chicago businessmen Bertram M. Lee and Peter Bynoe signed a new agreement to purchase the Denver Nuggets basketball team, but not as principal owners.@@@@1@24@@oe@2-2-2013
21461002@unknown@formal@none@1@S@On Saturday, the partners said the team would be purchased for $54 million by a new group including Comsat Video Enterprises Inc., a unit of Communications Satellite Corp. based here.@@@@1@30@@oe@2-2-2013
21461003@unknown@formal@none@1@S@Comsat Video will pay $17 million for a 62.5% interest, with Messrs. Lee and Bynoe putting up $8 million for a 37.5% stake in the team.@@@@1@26@@oe@2-2-2013
21461004@unknown@formal@none@1@S@Under terms of the sale, Nuggets owner Sidney Shlenker could receive up to $11 million in additional payments from the franchise's future earnings.@@@@1@23@@oe@2-2-2013
21461005@unknown@formal@none@1@S@Messrs. Lee and Bynoe last July announced a deal that would have made them the first black principal owners of a major professional sports franchise.@@@@1@25@@oe@2-2-2013
21461006@unknown@formal@none@1@S@But the deal fell apart last week for lack of financing.@@@@1@11@@oe@2-2-2013
21461007@unknown@formal@none@1@S@Comsat Video is headed by Robert Wussler, who resigned his No. 2 executive post with Turner Broadcasting System Inc. just two weeks ago to take the Comsat position.@@@@1@28@@oe@2-2-2013
21461008@unknown@formal@none@1@S@Comsat Video, which distributes pay-per-view programs to hotel rooms, plans to add Nuggets games to their offerings, as Mr. Turner did successfully with his Atlanta Hawks and Braves sports teams.@@@@1@30@@oe@2-2-2013
21461009@unknown@formal@none@1@S@Messrs. Lee and Bynoe will manage the Nuggets' day-today affairs.@@@@1@10@@oe@2-2-2013
21462001@unknown@formal@none@1@S@Royal Business Group Inc. said it filed suit in federal court here charging Realist Inc. and its directors with violating federal securities laws "by engaging in a scheme to prevent" Royal from acquiring Realist.@@@@1@34@@oe@2-2-2013
21462002@unknown@formal@none@1@S@Royal, which makes and distributes business forms, owns an 8% stake in Realist.@@@@1@13@@oe@2-2-2013
21462003@unknown@formal@none@1@S@Royal contends that Realist failed to disclose material information, including Realist's negotiations to acquire Ammann Laser Technik AG, to stockholders prior to Realist's June 6 annual meeting.@@@@1@27@@oe@2-2-2013
21462004@unknown@formal@none@1@S@Royal's suit contends that the Ammann acquisition was "designed to entrench management and thwart Royal's offer."@@@@1@16@@oe@2-2-2013
21462005@unknown@formal@none@1@S@Royal withdrew its offer to buy Realist, a maker of optical and electronic products based in Menomonee Falls, Wis., for $14.06 a share in July after Realist disclosed the Ammann purchase.@@@@1@31@@oe@2-2-2013
21462006@unknown@formal@none@1@S@The suit seeks "in excess of $350,000 in damages."@@@@1@9@@oe@2-2-2013
21462007@unknown@formal@none@1@S@A Realist official said the company hadn't yet received the full complaint and wouldn't have a response until it had an opportunity to review it.@@@@1@25@@oe@2-2-2013
21463001@unknown@formal@none@1@S@Winnebago Industries Inc., battered by a deepening slowdown in recreational vehicle industry sales, reported a widened fourth-quarter loss and slashed its dividend in half.@@@@1@24@@oe@2-2-2013
21463002@unknown@formal@none@1@S@The Forest City, Iowa, maker of motor homes said it had a loss of $11.3 million, or 46 cents a share, in the quarter ended Aug. 26.@@@@1@27@@oe@2-2-2013
21463003@unknown@formal@none@1@S@A year earlier, the company had a deficit of $1.5 million, or six cents a share.@@@@1@16@@oe@2-2-2013
21463004@unknown@formal@none@1@S@The cut in the dividend to 10 cents a share semiannually, from 20 cents, "would indicate to me they don't see the problems being fixed real quick," said Frank Rolfes, an analyst at Dain Bosworth Inc. in Minneapolis.@@@@1@38@@oe@2-2-2013
21463005@unknown@formal@none@1@S@Indeed, Winnebago said it started "several promotional programs" to spur retail sales in the fall and winter.@@@@1@17@@oe@2-2-2013
21463006@unknown@formal@none@1@S@The year was already shaping up as a difficult one for the recreational vehicle industry, which makes products such as motor homes, travel trailers, folding campers and van conversions.@@@@1@29@@oe@2-2-2013
21463007@unknown@formal@none@1@S@With the exception of van conversions, the industry has seen a decline from 1988's robust sales.@@@@1@16@@oe@2-2-2013
21463008@unknown@formal@none@1@S@But the rate of the decline snowballed in August, with unit sales to dealers for the month down 10.5% from a year earlier, according to the Recreation Vehicle Industry Association.@@@@1@30@@oe@2-2-2013
21463009@unknown@formal@none@1@S@At Winnebago, sales for the quarter fell 6% to $89.5 million from $95.4 million a year earlier.@@@@1@17@@oe@2-2-2013
21463010@unknown@formal@none@1@S@The company attributed the decline to consumers' concern over interest rates and gas prices -- two key expenses for RV buyers.@@@@1@21@@oe@2-2-2013
21463011@unknown@formal@none@1@S@"It's a large-ticket discretionary purchase," said Robert Curran, who follows the industry for Merrill Lynch & Co.@@@@1@17@@oe@2-2-2013
21463012@unknown@formal@none@1@S@"So when there's talk and concern about the economy, it's not unreasonable for a portion of the buying public to defer purchases."@@@@1@22@@oe@2-2-2013
21463013@unknown@formal@none@1@S@Mr. Curran expects industry RV sales for all of 1989 to fall about 5% from 1988, when sales of 427,300 units were the highest since 1978.@@@@1@26@@oe@2-2-2013
21463014@unknown@formal@none@1@S@And he said the weakness could continue in the first half of next year.@@@@1@14@@oe@2-2-2013
21463015@unknown@formal@none@1@S@But he said the industry has "a good decade ahead," particularly if aging baby boomers fulfill the industry's dreams by buying RVs.@@@@1@22@@oe@2-2-2013
21463016@unknown@formal@none@1@S@Winnebago was hit especially hard in the latest downturn because unit sales in its bread-and-butter motor home business tumbled 25% industrywide in August, and 10.4% in the first eight months of the year.@@@@1@33@@oe@2-2-2013
21463017@unknown@formal@none@1@S@The company said it also suffered in the quarter from incentive programs, losses from discontinuing a motor home line and costs of developing a new commercial vehicle, among other things.@@@@1@30@@oe@2-2-2013
21463018@unknown@formal@none@1@S@The news sent Winnebago stock falling 62.5 cents, to $5.25, in New York Stock Exchange composite trading-a 52-week low.@@@@1@19@@oe@2-2-2013
21463019@unknown@formal@none@1@S@The dividend cut will prove most costly for John K. Hanson, Winnebago's founder and chairman.@@@@1@15@@oe@2-2-2013
21463020@unknown@formal@none@1@S@Based on his control of about 45% of Winnebago's 24.7 million shares, his annual dividend income would be cut to about $2.2 million from $4.4 million.@@@@1@26@@oe@2-2-2013
21463021@unknown@formal@none@1@S@For the year, Winnebago had a loss of $4.7 million, or 19 cents a share, following profit of $2.7 million, or 11 cents a share, a year earlier.@@@@1@28@@oe@2-2-2013
21463022@unknown@formal@none@1@S@Sales rose 2% to $437.5 million from $430.3 million.@@@@1@9@@oe@2-2-2013
21464001@unknown@formal@none@1@S@Bullish bond market sentiment is on the rise again.@@@@1@9@@oe@2-2-2013
21464002@unknown@formal@none@1@S@As the government prepares to release the next batch of economic reports, the consensus among economists and money managers is that the news will be negative.@@@@1@26@@oe@2-2-2013
21464003@unknown@formal@none@1@S@And that, they say, will be good for bonds.@@@@1@9@@oe@2-2-2013
21464004@unknown@formal@none@1@S@"Recent data have indicated somewhat weaker economic activity," said Elliott Platt, director of economic research at Donaldson, Lufkin & Jenrette Securities.@@@@1@21@@oe@2-2-2013
21464005@unknown@formal@none@1@S@Mr. Platt is advising clients that "the near-term direction of bond prices is likely to remain upward."@@@@1@17@@oe@2-2-2013
21464006@unknown@formal@none@1@S@Analysts insist that even without help from a shaky stock market, which provided a temporary boost for bonds during the Oct. 13 stock market plunge, bond prices will start to climb on the prospects that the Federal Reserve will allow interest rates to move lower in the coming weeks.@@@@1@49@@oe@2-2-2013
21464007@unknown@formal@none@1@S@That would be comforting to fixed-income investors, many of whom were badly burned in the third quarter by incorrectly assuming that the Fed would ease.@@@@1@25@@oe@2-2-2013
21464008@unknown@formal@none@1@S@Investors rushed to buy bonds during the summer as prices soared on speculation that interest rates would continue to fall.@@@@1@20@@oe@2-2-2013
21464009@unknown@formal@none@1@S@But when it became clear that rates had stabilized and that the Fed's credit-easing policy was on hold, bond yields jumped and prices tumbled.@@@@1@24@@oe@2-2-2013
21464010@unknown@formal@none@1@S@Long-term bonds have performed erratically this year.@@@@1@7@@oe@2-2-2013
21464011@unknown@formal@none@1@S@For example, a group of long-term Treasury bonds tracked by Merrill Lynch & Co. produced a total return of 1% in the first quarter, 12.45% in the second quarter and -0.06% in the third quarter.@@@@1@35@@oe@2-2-2013
21464012@unknown@formal@none@1@S@Total return is price changes plus interest income.@@@@1@8@@oe@2-2-2013
21464013@unknown@formal@none@1@S@Now some investment analysts insist that the economic climate has turned cold and gloomy, and they are urging clients to buy bonds before the rally begins.@@@@1@26@@oe@2-2-2013
21464014@unknown@formal@none@1@S@Among other things, economists note that consumer spending is slowing, corporate profit margins are being squeezed, business confidence is slipping and construction and manufacturing industries are depressed.@@@@1@27@@oe@2-2-2013
21464015@unknown@formal@none@1@S@At the same time, last week's consumer price index showed that inflation is moderating.@@@@1@14@@oe@2-2-2013
21464016@unknown@formal@none@1@S@Add it all up and it means "that the Fed has a little leeway to ease its credit policy stance without the risk of rekindling inflation," said Norman Robertson, chief economist at Mellon Bank Corp., Pittsburgh.@@@@1@36@@oe@2-2-2013
21464017@unknown@formal@none@1@S@"I think we will see a federal funds rate of close to 8 1/2% in the next two weeks and 8% by year end."@@@@1@24@@oe@2-2-2013
21464018@unknown@formal@none@1@S@The federal funds rate, which banks charge each other on overnight loans, is considered an early signal of changes in the Fed's credit policy.@@@@1@24@@oe@2-2-2013
21464019@unknown@formal@none@1@S@Economists generally agree that the rate was lowered by the Fed from around 9%, where it had been since July, to about 8 3/4% in early October on the heels of a weak employment report.@@@@1@35@@oe@2-2-2013
21464020@unknown@formal@none@1@S@Although the rate briefly drifted even lower following the stock market sell-off that occurred Oct. 13, it ended Friday at about 8 11/16%.@@@@1@23@@oe@2-2-2013
21464021@unknown@formal@none@1@S@James Kochan, chief fixed-income strategist at Merrill Lynch, is touting shorter-term securities, which he says should benefit more quickly than longer-term bonds as interest rates fall.@@@@1@26@@oe@2-2-2013
21464022@unknown@formal@none@1@S@"Given our forecast for lower rates, purchases made now should prove quite rewarding before year end," he said.@@@@1@18@@oe@2-2-2013
21464023@unknown@formal@none@1@S@Mr. Kochan also likes long-term, investment-grade corporate bonds and long-term Treasurys.@@@@1@11@@oe@2-2-2013
21464024@unknown@formal@none@1@S@He says these bonds should appreciate in value as some investors, reacting to the recent turmoil in the stock and high-yield junk bond markets, seek safer securities.@@@@1@27@@oe@2-2-2013
21464025@unknown@formal@none@1@S@"If the {Tennessee Valley Authority} sale is any guide, there appears to be good demand for top-quality, long-term paper from both domestic and overseas accounts," he said.@@@@1@27@@oe@2-2-2013
21464026@unknown@formal@none@1@S@TVA, in its first public debt offering in 15 years, sold $4 billion of long-term and intermediate-term securities last week.@@@@1@20@@oe@2-2-2013
21464027@unknown@formal@none@1@S@Strong investor demand prompted the utility to boost the size of the issue from $3 billion.@@@@1@16@@oe@2-2-2013
21464028@unknown@formal@none@1@S@TVA, which operates one of the nation's largest electric power systems, is a corporation owned by the federal government.@@@@1@19@@oe@2-2-2013
21464029@unknown@formal@none@1@S@But persuading investors to buy bonds may be especially tough this week, when the U.S. government will auction more than $30 billion of new securities.@@@@1@25@@oe@2-2-2013
21464030@unknown@formal@none@1@S@Today, the Treasury Department will sell $15.6 billion of three-month and six-month bills at the regular weekly auction.@@@@1@18@@oe@2-2-2013
21464031@unknown@formal@none@1@S@Tomorrow, the Treasury will sell $10 billion of two-year notes.@@@@1@10@@oe@2-2-2013
21464032@unknown@formal@none@1@S@Resolution Funding Corp., known as Refcorp, a division of a new government agency created to bail out the nation's troubled savings and loan associations, will hold its first bond auction Wednesday, when it will sell $4.5 billion of 30-year bonds.@@@@1@40@@oe@2-2-2013
21464033@unknown@formal@none@1@S@All of this comes ahead of the government's big quarterly refunding of the federal debt, which takes place sometime in November.@@@@1@21@@oe@2-2-2013
21464034@unknown@formal@none@1@S@So far, investors haven't shown much appetite for Refcorp's initial bond offering.@@@@1@12@@oe@2-2-2013
21464035@unknown@formal@none@1@S@Roger Early, a portfolio manager at Federated Investors Corp., said that yields on the so-called bailout bonds aren't high enough to attract his attention.@@@@1@24@@oe@2-2-2013
21464036@unknown@formal@none@1@S@"Why should I bother with something that's an unknown for a very small pickup in yield?" he said.@@@@1@18@@oe@2-2-2013
21464037@unknown@formal@none@1@S@"I'm not going to jump on them the first day they come out."@@@@1@13@@oe@2-2-2013
21464038@unknown@formal@none@1@S@He seems to be typical of many professional money managers.@@@@1@10@@oe@2-2-2013
21464039@unknown@formal@none@1@S@When the size of the Refcorp offering was announced last week and when-issued trading activity began, the bailout bonds were yielding about 1/20 percentage point more than the Treasury's benchmark 30-year bond.@@@@1@32@@oe@2-2-2013
21464040@unknown@formal@none@1@S@On Friday, the yield was quoted at about 1/4 percentage point higher than the benchmark bond, an indication of weak demand.@@@@1@21@@oe@2-2-2013
21464041@unknown@formal@none@1@S@Some economists believe that yields on all Treasury securities may rise this week as the market struggles to absorb the new supply.@@@@1@22@@oe@2-2-2013
21464042@unknown@formal@none@1@S@But once the new securities are digested, they expect investors to focus on the weak economic data.@@@@1@17@@oe@2-2-2013
21464043@unknown@formal@none@1@S@"The supply is not a constraint to the market," said Samuel Kahan, chief financial economist at Kleinwort Benson Government Securities Inc.@@@@1@21@@oe@2-2-2013
21464044@unknown@formal@none@1@S@"If one thinks that rates are going down, you don't care how much supply is coming."@@@@1@16@@oe@2-2-2013
21464045@unknown@formal@none@1@S@Friday's Market Activity@@@@1@3@@oe@2-2-2013
21464046@unknown@formal@none@1@S@Most bond prices fell on concerns about this week's new supply and disappointment that stock prices didn't stage a sharp decline.@@@@1@21@@oe@2-2-2013
21464047@unknown@formal@none@1@S@Junk bond prices moved higher, however.@@@@1@6@@oe@2-2-2013
21464048@unknown@formal@none@1@S@In early trading, Treasury bonds were higher on expectations that a surge in buying among Japanese investors would continue.@@@@1@19@@oe@2-2-2013
21464049@unknown@formal@none@1@S@Also providing support to Treasurys was hope that the stock market might see declines because of the expiration of some stock-index futures and options on indexes and individual stocks.@@@@1@29@@oe@2-2-2013
21464050@unknown@formal@none@1@S@Those hopes were dashed when the stock market put in a relatively quiet performance.@@@@1@14@@oe@2-2-2013