22200001@unknown@formal@none@1@S@Influential members of the House Ways and Means Committee introduced legislation that would restrict how the new savings-and-loan bailout agency can raise capital, creating another potential obstacle to the government's sale of sick thrifts.@@@@1@34@@oe@2-2-2013
22200002@unknown@formal@none@1@S@The bill, whose backers include Chairman Dan Rostenkowski (D., Ill.), would prevent the Resolution Trust Corp. from raising temporary working capital by having an RTC-owned bank or thrift issue debt that wouldn't be counted on the federal budget.@@@@1@38@@oe@2-2-2013
22200003@unknown@formal@none@1@S@The bill intends to restrict the RTC to Treasury borrowings only, unless the agency receives specific congressional authorization.@@@@1@18@@oe@2-2-2013
22200004@unknown@formal@none@1@S@"Such agency `self-help' borrowing is unauthorized and expensive, far more expensive than direct Treasury borrowing," said Rep. Fortney Stark (D., Calif.), the bill's chief sponsor.@@@@1@25@@oe@2-2-2013
22200005@unknown@formal@none@1@S@The complex financing plan in the S&L bailout law includes raising $30 billion from debt issued by the newly created RTC.@@@@1@21@@oe@2-2-2013
22200006@unknown@formal@none@1@S@This financing system was created in the new law in order to keep the bailout spending from swelling the budget deficit.@@@@1@21@@oe@2-2-2013
22200007@unknown@formal@none@1@S@Another $20 billion would be raised through Treasury bonds, which pay lower interest rates.@@@@1@14@@oe@2-2-2013
22200008@unknown@formal@none@1@S@But the RTC also requires "working" capital to maintain the bad assets of thrifts that are sold, until the assets can be sold separately.@@@@1@24@@oe@2-2-2013
22200009@unknown@formal@none@1@S@That debt would be paid off as the assets are sold, leaving the total spending for the bailout at $50 billion, or $166 billion including interest over 10 years.@@@@1@29@@oe@2-2-2013
22200010@unknown@formal@none@1@S@"It's a problem that clearly has to be resolved," said David Cooke, executive director of the RTC.@@@@1@17@@oe@2-2-2013
22200011@unknown@formal@none@1@S@The agency has already spent roughly $19 billion selling 34 insolvent S&Ls, and it is likely to sell or merge 600 by the time the bailout concludes.@@@@1@27@@oe@2-2-2013
22200012@unknown@formal@none@1@S@Absent other working capital, he said, the RTC would be forced to delay other thrift resolutions until cash could be raised by selling the bad assets.@@@@1@26@@oe@2-2-2013
22200013@unknown@formal@none@1@S@"We would have to wait until we have collected on those assets before we can move forward," he said.@@@@1@19@@oe@2-2-2013
22200014@unknown@formal@none@1@S@The complicated language in the huge new law has muddied the fight.@@@@1@12@@oe@2-2-2013
22200015@unknown@formal@none@1@S@The law does allow the RTC to borrow from the Treasury up to $5 billion at any time.@@@@1@18@@oe@2-2-2013
22200016@unknown@formal@none@1@S@Moreover, it says the RTC's total obligations may not exceed $50 billion, but that figure is derived after including notes and other debt, and subtracting from it the market value of the assets the RTC holds.@@@@1@36@@oe@2-2-2013
22200017@unknown@formal@none@1@S@But Congress didn't anticipate or intend more public debt, say opponents of the RTC's working-capital plan, and Rep. Charles Schumer (D., N.Y.) said the RTC Oversight Board has been remiss in not keeping Congress informed.@@@@1@35@@oe@2-2-2013
22200018@unknown@formal@none@1@S@"That secrecy leads to a proposal like the one from Ways and Means, which seems to me sort of draconian," he said.@@@@1@22@@oe@2-2-2013
22200019@unknown@formal@none@1@S@"The RTC is going to have to pay a price of prior consultation on the Hill if they want that kind of flexibility."@@@@1@23@@oe@2-2-2013
22200020@unknown@formal@none@1@S@The Ways and Means Committee will hold a hearing on the bill next Tuesday.@@@@1@14@@oe@2-2-2013
22201001@unknown@formal@none@1@S@We're about to see if advertising works.@@@@1@7@@oe@2-2-2013
22201002@unknown@formal@none@1@S@Hard on the heels of Friday's 190-point stock-market plunge and the uncertainty that's followed, a few big brokerage firms are rolling out new ads trumpeting a familiar message: Keep on investing, the market's just fine.@@@@1@35@@oe@2-2-2013
22201003@unknown@formal@none@1@S@Their mission is to keep clients from fleeing the market, as individual investors did in droves after the crash in October@@@@1@21@@oe@2-2-2013
22201004@unknown@formal@none@1@S@Just days after the 1987 crash, major brokerage firms rushed out ads to calm investors.@@@@1@15@@oe@2-2-2013
22201005@unknown@formal@none@1@S@This time around, they're moving even faster.@@@@1@7@@oe@2-2-2013
22201006@unknown@formal@none@1@S@PaineWebber Inc. filmed a new television commercial at 4 p.m. EDT yesterday and had it on the air by last night.@@@@1@21@@oe@2-2-2013
22201007@unknown@formal@none@1@S@Fidelity Investments placed new ads in newspapers yesterday, and wrote another new ad appearing today.@@@@1@15@@oe@2-2-2013
22201008@unknown@formal@none@1@S@Shearson Lehman Hutton Inc. by yesterday afternoon had already written new TV ads.@@@@1@13@@oe@2-2-2013
22201009@unknown@formal@none@1@S@It considered running them during tomorrow night's World Series broadcast but decided not to when the market recovered yesterday.@@@@1@19@@oe@2-2-2013
22201010@unknown@formal@none@1@S@Other brokerage firms, including Merrill Lynch & Co., were plotting out potential new ad strategies.@@@@1@15@@oe@2-2-2013
22201011@unknown@formal@none@1@S@The brokerage firms learned a lesson the last time around, when frightened investors flooded the phone lines and fled the market in a panic.@@@@1@24@@oe@2-2-2013
22201012@unknown@formal@none@1@S@This time, the firms were ready.@@@@1@6@@oe@2-2-2013
22201013@unknown@formal@none@1@S@Fidelity, for example, prepared ads several months ago in case of a market plunge.@@@@1@14@@oe@2-2-2013
22201014@unknown@formal@none@1@S@When the market went into its free fall Friday afternoon, the investment firm ordered full pages in the Monday editions of half a dozen newspapers.@@@@1@25@@oe@2-2-2013
22201015@unknown@formal@none@1@S@The ads touted Fidelity's automated 800-number beneath the huge headline, "Fidelity Is Ready For Your Call."@@@@1@16@@oe@2-2-2013
22201016@unknown@formal@none@1@S@A Fidelity spokesman says the 800-line, which already was operating but which many clients didn't know about, received about double the usual volume of calls over the weekend.@@@@1@28@@oe@2-2-2013
22201017@unknown@formal@none@1@S@"A lot of investor confidence comes from the fact that they can speak to us," he says.@@@@1@17@@oe@2-2-2013
22201018@unknown@formal@none@1@S@"To maintain that dialogue is absolutely crucial.@@@@1@7@@oe@2-2-2013
22201019@unknown@formal@none@1@S@It would have been too late to think about on Friday.@@@@1@11@@oe@2-2-2013
22201020@unknown@formal@none@1@S@We had to think about it ahead of time."@@@@1@9@@oe@2-2-2013
22201021@unknown@formal@none@1@S@Today's Fidelity ad goes a step further, encouraging investors to stay in the market or even to plunge in with Fidelity.@@@@1@21@@oe@2-2-2013
22201022@unknown@formal@none@1@S@Underneath the headline "Diversification," it counsels, "Based on the events of the past week, all investors need to know their portfolios are balanced to help protect them against the market's volatility."@@@@1@31@@oe@2-2-2013
22201023@unknown@formal@none@1@S@It goes on to plug a few diversified Fidelity funds by name.@@@@1@12@@oe@2-2-2013
22201024@unknown@formal@none@1@S@PaineWebber also was able to gear up quickly thanks to the 1987 crash.@@@@1@13@@oe@2-2-2013
22201025@unknown@formal@none@1@S@In the aftermath of the 1987 debacle, the brokerage firm began taping commercials in-house, ultimately getting its timing down fast enough to tape a commercial after the market closed and rush it on the air that night.@@@@1@37@@oe@2-2-2013
22201026@unknown@formal@none@1@S@It also negotiated an arrangement with Cable News Network under which CNN would agree to air its last-minute creations.@@@@1@19@@oe@2-2-2013
22201027@unknown@formal@none@1@S@The new PaineWebber commercial, created with ad agency Saatchi & Saatchi Co., features Mary Farrell, one of the firm's most visible investment strategists, sounding particularly bullish.@@@@1@26@@oe@2-2-2013
22201028@unknown@formal@none@1@S@Taped just as the market closed yesterday, it offers Ms. Farrell advising, "We view the market here as going through a relatively normal cycle. . . .@@@@1@27@@oe@2-2-2013
22201029@unknown@formal@none@1@S@We continue to feel that the stock market is still the place to be for long-term appreciation."@@@@1@17@@oe@2-2-2013
22201030@unknown@formal@none@1@S@The spot was scheduled to appear three times on CNN last night.@@@@1@12@@oe@2-2-2013
22201031@unknown@formal@none@1@S@PaineWebber considered an even harder sell, recommending specific stocks.@@@@1@9@@oe@2-2-2013
22201032@unknown@formal@none@1@S@Instead, it settled on just urging the clients who are its lifeline to keep that money in the market.@@@@1@19@@oe@2-2-2013
22201033@unknown@formal@none@1@S@"We're saying the worst thing that anyone can do is to see the market go down and dump everything, which just drives the prices down further," says John Lampe, PaineWebber's director of advertising.@@@@1@33@@oe@2-2-2013
22201034@unknown@formal@none@1@S@"If you owned it and liked it Friday, the true value hasn't changed."@@@@1@13@@oe@2-2-2013
22201035@unknown@formal@none@1@S@He adds, "This isn't 1987 revisited."@@@@1@6@@oe@2-2-2013
22201036@unknown@formal@none@1@S@With the market fluctuating and then closing up more than 88 points yesterday, investment firms had to constantly revise their approach.@@@@1@21@@oe@2-2-2013
22201037@unknown@formal@none@1@S@At Shearson Lehman, executives created potential new commercials Friday night and throughout the weekend, then had to regroup yesterday afternoon.@@@@1@20@@oe@2-2-2013
22201038@unknown@formal@none@1@S@The plan had been to make one of Shearson's easy-to-film, black-and-white "Where We Stand" commercials, which have been running occasionally in response to news events since 1985.@@@@1@27@@oe@2-2-2013
22201039@unknown@formal@none@1@S@The ad would have run during the World Series tomorrow, replacing the debut commercial of Shearson's new ad campaign, "Leadership by Example."@@@@1@22@@oe@2-2-2013
22201040@unknown@formal@none@1@S@But in a meeting after the market closed yesterday, Shearson executives decided not to go ahead with the stock-market ad.@@@@1@20@@oe@2-2-2013
22201041@unknown@formal@none@1@S@"We don't think at this point anything needs to be said.@@@@1@11@@oe@2-2-2013
22201042@unknown@formal@none@1@S@The market seems to be straightening out; we're taking a wait-and-see attitude," says Cathleen B. Stewart, executive vice president of marketing.@@@@1@21@@oe@2-2-2013
22201043@unknown@formal@none@1@S@In any case, the brokerage firms are clearly moving faster to create new ads than they did in the fall of 1987.@@@@1@22@@oe@2-2-2013
22201044@unknown@formal@none@1@S@But it remains to be seen whether their ads will be any more effective.@@@@1@14@@oe@2-2-2013
22201045@unknown@formal@none@1@S@In 1987, despite a barrage of ads from most of the major investment firms, individuals ran from the market en masse.@@@@1@21@@oe@2-2-2013
22201046@unknown@formal@none@1@S@Now the firms must try their hardest to prove that advertising can work this time around.@@@@1@16@@oe@2-2-2013
22201047@unknown@formal@none@1@S@Ad Notes. . . .@@@@1@5@@oe@2-2-2013
22201048@unknown@formal@none@1@S@ARNOLD ADVERTISING:@@@@1@2@@oe@2-2-2013
22201049@unknown@formal@none@1@S@Edward Eskandarian, former chairman of Della Femina, McNamee WCRS/Boston, reached an agreement in principle to acquire a majority stake in Arnold Advertising, a small Boston shop.@@@@1@26@@oe@2-2-2013
22201050@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
22201051@unknown@formal@none@1@S@Mr. Eskandarian, who resigned his Della Femina post in September, becomes chairman and chief executive of Arnold.@@@@1@17@@oe@2-2-2013
22201052@unknown@formal@none@1@S@John Verret, the agency's president and chief executive, will retain the title of president.@@@@1@14@@oe@2-2-2013
22201053@unknown@formal@none@1@S@Separately, McDonald's Corp., Oak Brook, Ill., named Arnold to handle its estimated $4 million cooperative ad account for the Hartford, Conn., area.@@@@1@22@@oe@2-2-2013
22201054@unknown@formal@none@1@S@That account had been handled by Della Femina, McNamee WCRS.@@@@1@10@@oe@2-2-2013
22201055@unknown@formal@none@1@S@EDUCATION ADS:@@@@1@2@@oe@2-2-2013
22201056@unknown@formal@none@1@S@A 142-page ad supplement to Business Week's special "Corporate Elite" issue calls on business leaders to use their clout to help solve the nation's education crisis.@@@@1@26@@oe@2-2-2013
22201057@unknown@formal@none@1@S@The supplement, the largest ever for the magazine, includes ads from 52 corporate advertisers and kicks off a two-year Business Week initiative on education.@@@@1@24@@oe@2-2-2013
22201058@unknown@formal@none@1@S@The magazine will distribute 10% of the gross revenues from the supplement as grants to innovative teachers.@@@@1@17@@oe@2-2-2013
22202001@unknown@formal@none@1@S@You know what the law of averages is, don't you?@@@@1@10@@oe@2-2-2013
22202002@unknown@formal@none@1@S@It's what 1) explains why we are like, well, ourselves rather than Bo Jackson; 2) cautions that it's possible to drown in a lake that averages two feet deep; and 3) predicts that 10,000 monkeys placed before 10,000 pianos would produce 1,118 publishable rock 'n' roll tunes.@@@@1@47@@oe@2-2-2013
22202003@unknown@formal@none@1@S@Baseball, that game of the long haul, is the quintessential sport of the mean, and the mean ol' law caught up with the San Francisco Giants in the World Series last weekend.@@@@1@32@@oe@2-2-2013
22202004@unknown@formal@none@1@S@The team that dumped runs by the bushel on the Chicago Cubs in the National League playoffs was held to just one in two games by the home-team Oakland A's, the gang that had been done unto similarly by the Los Angeles Dodgers and Orel Hershiser in last year's tournament.@@@@1@50@@oe@2-2-2013
22202005@unknown@formal@none@1@S@Morever, much of the damage was accomplished by A's who had some catching up to do.@@@@1@16@@oe@2-2-2013
22202006@unknown@formal@none@1@S@In game two, on a cool Sunday evening in this land of perpetual autumn, a lot of the catching up was done by the A's catcher, Terry Steinbach.@@@@1@28@@oe@2-2-2013
22202007@unknown@formal@none@1@S@He hit a 2-0 pitch from Rick Reuschel into the left-field stands in inning four to stretch his team's lead from 2-1 to a decisive 5-1, where it stayed.@@@@1@29@@oe@2-2-2013
22202008@unknown@formal@none@1@S@So what if Steinbach had struck just seven home runs in 130 regular-season games, and batted in the seventh position of the A's lineup.@@@@1@24@@oe@2-2-2013
22202009@unknown@formal@none@1@S@"If you get your pitch, and take a good swing, anything can happen," he later remarked.@@@@1@16@@oe@2-2-2013
22202010@unknown@formal@none@1@S@On Saturday night, quite a few of the boys in green and gold salted away successes to salve the pain of past and, no doubt, future droughts.@@@@1@27@@oe@2-2-2013
22202011@unknown@formal@none@1@S@Mark McGwire, the big, red-haired Oakland first baseman, had three hits in four at bats, two more than he'd had in the five-game Dodger series in which he'd gone 1-for-17.@@@@1@30@@oe@2-2-2013
22202012@unknown@formal@none@1@S@The A-men batting Nos. 6 through 9, a.k.a. the "bottom of the order," got seven of their team's 11 hits and scored four of its runs in a 5-0 decision.@@@@1@30@@oe@2-2-2013
22202013@unknown@formal@none@1@S@Right-hander Dave Stewart held the Giants to five hits to account for the zero on the other side of the Saturday ledger.@@@@1@22@@oe@2-2-2013
22202014@unknown@formal@none@1@S@That he was the A's winningest pitcher during its American League campaign with a 21-9 mark, plus two wins over Toronto in the playoffs, indicates he may have some evening up coming, but with the way his split-fingered fastball is behaving, that might not be this week.@@@@1@47@@oe@2-2-2013
22202015@unknown@formal@none@1@S@The same goes for Mike Moore, another veteran who overcame early struggles to permit the Giants but a run and four hits in seven innings in Sunday's contest.@@@@1@28@@oe@2-2-2013
22202016@unknown@formal@none@1@S@"Every guy they put out there had a better split-finger than the guy before," marveled Giant manager Roger Craig.@@@@1@19@@oe@2-2-2013
22202017@unknown@formal@none@1@S@He's an ex-hurler who's one of the leading gurus of the fashionable delivery, which looks like a fastball until it dives beneath the lunging bat.@@@@1@25@@oe@2-2-2013
22202018@unknown@formal@none@1@S@The upshot of the downshoot is that the A's go into San Francisco's Candlestick Park tonight up two games to none in the best-of-seven fest.@@@@1@25@@oe@2-2-2013
22202019@unknown@formal@none@1@S@The stat to reckon with here says that about three of four clubs (29 of 39) that took 2-0 Series leads went on to win it all.@@@@1@27@@oe@2-2-2013
22202020@unknown@formal@none@1@S@That's not an average to soothe Giant rooters.@@@@1@8@@oe@2-2-2013
22202021@unknown@formal@none@1@S@One might think that the home fans in this Series of the Subway Called BART (that's a better name for a public conveyance than "Desire," don't you think?) would have been ecstatic over the proceedings, but they observe them in relative calm.@@@@1@42@@oe@2-2-2013
22202022@unknown@formal@none@1@S@Partisans of the two combatants sat side by side in the 49,000-plus seats of Oakland Coliseum, and while they cheered their favorites and booed the opposition, hostilities advanced no further, at least as far as I could see.@@@@1@38@@oe@2-2-2013
22202023@unknown@formal@none@1@S@A few folks even showed up wearing caps bearing the colors and emblems of both teams.@@@@1@16@@oe@2-2-2013
22202024@unknown@formal@none@1@S@"I'm for the Giants today, but only because they lost yesterday.@@@@1@11@@oe@2-2-2013
22202025@unknown@formal@none@1@S@I love 'em both.@@@@1@4@@oe@2-2-2013
22202026@unknown@formal@none@1@S@The only thing I'm rooting for is for the Series to go seven games," said David Williams, a Sacramento septuagenarian, at the Coliseum before Sunday's go.@@@@1@26@@oe@2-2-2013
22202027@unknown@formal@none@1@S@The above represents a triumph of either apathy or civility.@@@@1@10@@oe@2-2-2013
22202028@unknown@formal@none@1@S@I choose to believe it's the latter, although it probably springs from the fact that just about everyone out here, including the A's and Giants, is originally from somewhere else.@@@@1@30@@oe@2-2-2013
22202029@unknown@formal@none@1@S@Suffice it to say that if this were a New York Yankees-Mets series, or one between the Chicago Cubs and White Sox (hey, it's possible), you'd need uniformed police in every other seat to separate opposing fans, and only the suicidal would bifurcate their bonnets.@@@@1@45@@oe@2-2-2013
22202030@unknown@formal@none@1@S@Anyway, the A's gave you a lot of heroes to root for.@@@@1@12@@oe@2-2-2013
22202031@unknown@formal@none@1@S@In the opening game, besides Steinbach and Stewart, there was Walt Weiss, a twiggy-looking, second-year shortstop who had lost a couple months of the season to knee surgery.@@@@1@28@@oe@2-2-2013
22202032@unknown@formal@none@1@S@He was flawless afield (ditto in game two), moved a runner along in the A's three-run second inning, and homered for his team's final tally.@@@@1@25@@oe@2-2-2013
22202033@unknown@formal@none@1@S@Such is his reputation among the East Bay Bashers that when he hit his first career home run last season, the fan who caught it agreed to turn the ball over to him in return for an autograph.@@@@1@38@@oe@2-2-2013
22202034@unknown@formal@none@1@S@Not his autograph; power-hitter McGwire's.@@@@1@5@@oe@2-2-2013
22202035@unknown@formal@none@1@S@An A's co-hero of the second game was Rickey Henderson, who exemplifies the hot side of the hot-cold equation.@@@@1@19@@oe@2-2-2013
22202036@unknown@formal@none@1@S@He smoked Toronto in the playoffs with six hits, seven walks and eight stolen bases in 22 at bats, and continued that by going 3-for-3 at the plate Sunday, along with walking, stealing a base and scoring a run.@@@@1@39@@oe@2-2-2013
22202037@unknown@formal@none@1@S@"When you're in the groove, you see every ball tremendously," he lectured.@@@@1@12@@oe@2-2-2013
22202038@unknown@formal@none@1@S@The cold guys in the set were Will Clark, Kevin Mitchell and Matt Williams, the Giants' 3-4-5 hitters.@@@@1@18@@oe@2-2-2013
22202039@unknown@formal@none@1@S@They combined for 25 hits, six home runs and 24 runs batted in in the five games against the Cubs.@@@@1@20@@oe@2-2-2013
22202040@unknown@formal@none@1@S@They went a collective 5-for-24 here, with zero homers and ribbies.@@@@1@11@@oe@2-2-2013
22202041@unknown@formal@none@1@S@It's that last set of numbers, as much as anything else, that gives the Giants hope in the Series games to come.@@@@1@22@@oe@2-2-2013
22202042@unknown@formal@none@1@S@"I believe in the law of averages," declared San Francisco batting coach Dusty Baker after game two.@@@@1@17@@oe@2-2-2013
22202043@unknown@formal@none@1@S@"I'd rather see a so-so hitter who's hot come up for the other side than a good hitter who's cold."@@@@1@20@@oe@2-2-2013
22202044@unknown@formal@none@1@S@But the old Dodger slugger wisely offered no prediction about when good times would return to his side.@@@@1@18@@oe@2-2-2013
22202045@unknown@formal@none@1@S@"When it goes, you never know when you'll get it back," he said.@@@@1@13@@oe@2-2-2013
22202046@unknown@formal@none@1@S@"That's baseball.@@@@1@2@@oe@2-2-2013
22203001@unknown@formal@none@1@S@NCR Corp. reported a 10% drop in third-quarter net income, citing intense competition that caused its gross profit margins to dip.@@@@1@21@@oe@2-2-2013
22203002@unknown@formal@none@1@S@Net income for the quarter fell to $93.1 million from $103.1 million, roughly what analysts had expected.@@@@1@17@@oe@2-2-2013
22203003@unknown@formal@none@1@S@But per-share profit dropped only 2% to $1.23 a share from $1.26 a share, as the company continued its stock buy-back plan.@@@@1@22@@oe@2-2-2013
22203004@unknown@formal@none@1@S@Average shares outstanding dropped to 75.8 million from 82.1 million.@@@@1@10@@oe@2-2-2013
22203005@unknown@formal@none@1@S@Revenue fell 1% to $1.39 billion from $1.41 billion.@@@@1@9@@oe@2-2-2013
22203006@unknown@formal@none@1@S@The computer maker, which sells more than half its goods outside the U.S., also said the negative effect of a stronger U.S. dollar will "adversely affect" its fourth-quarter performance and "make it difficult" to better 1988 results.@@@@1@37@@oe@2-2-2013
22203007@unknown@formal@none@1@S@NCR said revenue declined both in the U.S. and overseas, reflecting a world-wide softening of the computer markets.@@@@1@18@@oe@2-2-2013
22203008@unknown@formal@none@1@S@The company, however, said orders in the U.S. showed "good gains" during the latest quarter.@@@@1@15@@oe@2-2-2013
22203009@unknown@formal@none@1@S@Analysts estimate those gains at 12% to 13%, a good part of it coming from large orders placed by a few of NCR's major customers.@@@@1@25@@oe@2-2-2013
22203010@unknown@formal@none@1@S@In addition to a general slowing of the computer industry, NCR, which sells automated teller machines and computerized cash registers, is also affected by the retail and financial sectors, "areas of the economy that have generally not been robust," notes Sanjiv G. Hingorani, an analyst for Salomon Brothers Inc.@@@@1@49@@oe@2-2-2013
22203011@unknown@formal@none@1@S@These factors, combined with a strong dollar, should negatively affect the current quarter's results, NCR said.@@@@1@16@@oe@2-2-2013
22203012@unknown@formal@none@1@S@In the year-earlier fourth quarter, NCR had profit of $149.6 million, or $1.85 a share, on revenue of $1.8 billion.@@@@1@20@@oe@2-2-2013
22203013@unknown@formal@none@1@S@Mr. Hingorani said he lowered his full-year estimates for 1989 to $5.35 a share from $5.50 a share.@@@@1@18@@oe@2-2-2013
22203014@unknown@formal@none@1@S@Revenue projections were slashed to $6.03 billion from $6.20 billion.@@@@1@10@@oe@2-2-2013
22203015@unknown@formal@none@1@S@Last year, NCR had net income of $439.3 million, or $5.33 a share, on $5.99 billion in revenue.@@@@1@18@@oe@2-2-2013
22203016@unknown@formal@none@1@S@For the nine months, the company's earnings fell 9% to $264.6 million, or $3.40 a share, from $289.7 million, or $3.49 a share.@@@@1@23@@oe@2-2-2013
22203017@unknown@formal@none@1@S@Revenues declined 1% to $4.17 billion from $4.19 billion.@@@@1@9@@oe@2-2-2013
22203018@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, NCR shares fell 75 cents to close at $57.@@@@1@17@@oe@2-2-2013
22204001@unknown@formal@none@1@S@Concerning your Sept. 19 article "Wall Street Firms Link Analysts' Pay to Performance," I'm delighted that Wall Street is finally tuning in to the hard, cold facts of the real working world.@@@@1@32@@oe@2-2-2013
22204002@unknown@formal@none@1@S@If the firms are serious, however, why limit the practice to the poor, maligned analysts whose ability to see into the future is fragile at best?@@@@1@26@@oe@2-2-2013
22204003@unknown@formal@none@1@S@Why not extend the same harsh standards to the sales force, and pay brokers a base salary with annual bonus based on how much money they made for their clients during the year?@@@@1@33@@oe@2-2-2013
22204004@unknown@formal@none@1@S@That should stop a lot of account-churning, and produce a stock market driven only by professional concern, careful thought and good sense.@@@@1@22@@oe@2-2-2013
22204005@unknown@formal@none@1@S@Now, wouldn't that be a novelty.@@@@1@6@@oe@2-2-2013
22204006@unknown@formal@none@1@S@Phyllis Kyle Stephenson Newport News, Va.@@@@1@6@@oe@2-2-2013
22205001@unknown@formal@none@1@S@Steve Clark, a Shearson Lehman Hutton Inc. trader, reported for work at 5 a.m., two and a half hours before the usual Monday morning strategy meeting.@@@@1@26@@oe@2-2-2013
22205002@unknown@formal@none@1@S@At Jefferies & Co., J. Francis Palamara didn't reach the office until 5:30 a.m., but then he had been up most of the night at home.@@@@1@26@@oe@2-2-2013
22205003@unknown@formal@none@1@S@"I had calls all night long from the States," he said.@@@@1@11@@oe@2-2-2013
22205004@unknown@formal@none@1@S@"I was woken up every hour -- 1:30, 2:30, 3:30, 4:30.@@@@1@11@@oe@2-2-2013
22205005@unknown@formal@none@1@S@People are looking for possible opportunities to buy, but nobody wants to stick their chin out."@@@@1@16@@oe@2-2-2013
22205006@unknown@formal@none@1@S@For many of London's securities traders, it was a day that started nervously in the small hours.@@@@1@17@@oe@2-2-2013
22205007@unknown@formal@none@1@S@By lunchtime, the selling was at near-panic fever.@@@@1@8@@oe@2-2-2013
22205008@unknown@formal@none@1@S@But as the day ended in a frantic Wall Street-inspired rally, the City breathed a sigh of relief.@@@@1@18@@oe@2-2-2013
22205009@unknown@formal@none@1@S@So it went yesterday in the trading rooms of London's financial district.@@@@1@12@@oe@2-2-2013
22205010@unknown@formal@none@1@S@In the wake of Wall Street's plunge last Friday, the London market was considered especially vulnerable.@@@@1@16@@oe@2-2-2013
22205011@unknown@formal@none@1@S@And before the opening of trading here yesterday, all eyes were on early trading in Tokyo for a clue as to how widespread the fallout might be.@@@@1@27@@oe@2-2-2013
22205012@unknown@formal@none@1@S@By the time trading officially got under way at 9 a.m., the news from Asia was in.@@@@1@17@@oe@2-2-2013
22205013@unknown@formal@none@1@S@And it left mixed signals for London.@@@@1@7@@oe@2-2-2013
22205014@unknown@formal@none@1@S@Tokyo stocks closed off a significant but less-than-alarming 1.8% on thin volume; Hong Kong stocks declined 6.5% in orderly trading.@@@@1@20@@oe@2-2-2013
22205015@unknown@formal@none@1@S@At Jefferies' trading room on Finsbury Circus, a stately circle at the edge of the financial district, desktop computer screens displayed the London market's major barometer -- the Financial Times-Stock Exchange 100 Share Index.@@@@1@34@@oe@2-2-2013
22205016@unknown@formal@none@1@S@Red figures on the screens indicated falling stocks; blue figures, rising stocks.@@@@1@12@@oe@2-2-2013
22205017@unknown@formal@none@1@S@Right away, the reds outnumbered the blues, 80 to 20, as the index opened at 2076.8, off 157.1 points, or 7%.@@@@1@21@@oe@2-2-2013
22205018@unknown@formal@none@1@S@"I see concern, but I don't see any panic," said Mr. Palamara, a big, good-humored New York native who runs the 15-trader office.@@@@1@23@@oe@2-2-2013
22205019@unknown@formal@none@1@S@The Jefferies office, a branch of the Los Angeles-based firm, played it conservatively, seeking to avoid risk.@@@@1@17@@oe@2-2-2013
22205020@unknown@formal@none@1@S@"This is not the sort of market to have a big position in," said David Smith, who heads trading in all non-U.S. stocks.@@@@1@23@@oe@2-2-2013
22205021@unknown@formal@none@1@S@"We tend to run a very tight book."@@@@1@8@@oe@2-2-2013
22205022@unknown@formal@none@1@S@Jefferies spent most of its energies in the morning trying to match buyers and sellers, and there weren't many buyers.@@@@1@20@@oe@2-2-2013
22205023@unknown@formal@none@1@S@"All the takeover stocks -- Scottish & Newcastle, B.A.T, DRG -- are getting pretty well pasted this morning," Mr. Smith said.@@@@1@21@@oe@2-2-2013
22205024@unknown@formal@none@1@S@Seconds later, a 7,500-share "sell" order for Scottish & Newcastle came in.@@@@1@12@@oe@2-2-2013
22205025@unknown@formal@none@1@S@For the third time in 15 minutes, a trader next to Mr. Smith left the no-smoking area to have a cigarette.@@@@1@21@@oe@2-2-2013
22205026@unknown@formal@none@1@S@On the screens, only two forlorn blue figures remained, but the index had recovered a few points and was off about 140.@@@@1@22@@oe@2-2-2013
22205027@unknown@formal@none@1@S@"Because Tokyo didn't collapse, let's pick up a little stock," Mr. Smith said.@@@@1@13@@oe@2-2-2013
22205028@unknown@formal@none@1@S@He targeted 7,500 shares of Reuters and punched a button to call up on his screen other dealers' price quotes.@@@@1@20@@oe@2-2-2013
22205029@unknown@formal@none@1@S@The vivid yellow figures showed the best price at 845 pence, ($13.27) and Mr. Smith's traders started putting out feelers.@@@@1@20@@oe@2-2-2013
22205030@unknown@formal@none@1@S@But the market sensed a serious buyer on a day dominated by selling, and the quotes immediately jumped to 850 pence.@@@@1@21@@oe@2-2-2013
22205031@unknown@formal@none@1@S@"When I want to buy, they run from you -- they keep changing their prices," Mr. Smith said.@@@@1@18@@oe@2-2-2013
22205032@unknown@formal@none@1@S@"It's very frustrating."@@@@1@3@@oe@2-2-2013
22205033@unknown@formal@none@1@S@He temporarily abandoned his search for the Reuters shares.@@@@1@9@@oe@2-2-2013
22205034@unknown@formal@none@1@S@By this time, it was 4:30 a.m. in New York, and Mr. Smith fielded a call from a New York customer wanting an opinion on the British stock market, which had been having troubles of its own even before Friday's New York market break.@@@@1@44@@oe@2-2-2013
22205035@unknown@formal@none@1@S@"Fundamentally dangerous. . . ," Mr. Smith said, almost in a whisper, ". . . .fundamentally weak . . . fairly vulnerable still . . . extremely dangerously poised . . .@@@@1@32@@oe@2-2-2013
22205036@unknown@formal@none@1@S@we're in for a lot of turbulence. . . ."@@@@1@10@@oe@2-2-2013
22205037@unknown@formal@none@1@S@He was right.@@@@1@3@@oe@2-2-2013
22205038@unknown@formal@none@1@S@By midday, the London market was in full retreat.@@@@1@9@@oe@2-2-2013
22205039@unknown@formal@none@1@S@"It's falling like a stone," said Danny Linger, a pit trader who was standing outside the London International Financial Futures Exchange.@@@@1@21@@oe@2-2-2013
22205040@unknown@formal@none@1@S@Only half the usual lunchtime crowd gathered at the tony Corney & Barrow wine bar on Old Broad Street nearby.@@@@1@20@@oe@2-2-2013
22205041@unknown@formal@none@1@S@Conversation was subdued as most patrons watched the latest market statistics on television.@@@@1@13@@oe@2-2-2013
22205042@unknown@formal@none@1@S@At 12:49 p.m., the index hit its low, 2029.7, off 204.2 points.@@@@1@12@@oe@2-2-2013
22205043@unknown@formal@none@1@S@"France opened the limit down, off at least 10% if you could calculate the index, which you couldn't," Mr. Clark, the Shearson trader, said early in the afternoon.@@@@1@28@@oe@2-2-2013
22205044@unknown@formal@none@1@S@"Spain is down 10% and suspended, Sweden's down 8%, Norway 11%.@@@@1@11@@oe@2-2-2013
22205045@unknown@formal@none@1@S@This market has been very badly damaged."@@@@1@7@@oe@2-2-2013
22205046@unknown@formal@none@1@S@As 2:30 p.m. -- Wall Street's opening time -- neared, Shearson traders and salesmen traded bets on how low the New York market would open.@@@@1@25@@oe@2-2-2013
22205047@unknown@formal@none@1@S@In the center of the trading floor, chief trader Roger Streeter and two colleagues scrambled for the telephones as soon as the New York market opened -- plummeting more than 60 points in the first few minutes.@@@@1@37@@oe@2-2-2013
22205048@unknown@formal@none@1@S@They saw an opportunity created by the sell-off.@@@@1@8@@oe@2-2-2013
22205049@unknown@formal@none@1@S@As Wall Street traders dumped American Depositary Receipts in Jaguar PLC, Mr. Streeter and trader Sam Ruiz bought them to resell in the U.K.@@@@1@24@@oe@2-2-2013
22205050@unknown@formal@none@1@S@Investors here still expect Ford Motor Co. or General Motors Corp. to bid for Jaguar.@@@@1@15@@oe@2-2-2013
22205051@unknown@formal@none@1@S@Suddenly, after about 45 minutes, the U.S. markets rallied.@@@@1@9@@oe@2-2-2013
22205052@unknown@formal@none@1@S@"The MMI has gone better," shouted one trader at about 3:15 London time, as the U.S. Major Markets Index contract suddenly indicated a turnabout.@@@@1@24@@oe@2-2-2013
22205053@unknown@formal@none@1@S@As Wall Street strengthened, the London trading room went wild.@@@@1@10@@oe@2-2-2013
22205054@unknown@formal@none@1@S@Traders shouted as their screens posted an ever-narrowing loss on Wall Street.@@@@1@12@@oe@2-2-2013
22205055@unknown@formal@none@1@S@Then, nine minutes later, Wall Street suddenly rebounded to a gain on the day.@@@@1@14@@oe@2-2-2013
22205056@unknown@formal@none@1@S@"Rally! Rally! Rally!" shouted Shearson trader Andy Rosen, selling more Jaguar shares.@@@@1@12@@oe@2-2-2013
22205057@unknown@formal@none@1@S@"This is panic buying!"@@@@1@4@@oe@2-2-2013
22205058@unknown@formal@none@1@S@As the London market rallied, some wondered whether the weekend of worrying and jitters had been worth it.@@@@1@18@@oe@2-2-2013
22205059@unknown@formal@none@1@S@The London index closed at 2163.4, its high for the day, off 70.5, or about 3.3%.@@@@1@16@@oe@2-2-2013
22206001@unknown@formal@none@1@S@Ambassador Paul Nitze's statement (Notable & Quotable, Sept. 20), "If you have a million people working for you, every bad thing that has one chance in a million of going wrong will go wrong at least once a year," is a pretty negative way of looking at things.@@@@1@48@@oe@2-2-2013
22206002@unknown@formal@none@1@S@Isn't it just as fair to say that if you have a million people working for you, every good thing that has one chance in a million of going right will go right at least once a year?@@@@1@38@@oe@2-2-2013
22206003@unknown@formal@none@1@S@Don't be such a pessimist, Mr. Ambassador.@@@@1@7@@oe@2-2-2013
22206004@unknown@formal@none@1@S@Frank Tremdine@@@@1@2@@oe@2-2-2013
22207001@unknown@formal@none@1@S@The House Aviation Subcommittee approved a bill that would give the transportation secretary authority to review and approve leveraged buy-outs of major U.S. airlines.@@@@1@24@@oe@2-2-2013
22207002@unknown@formal@none@1@S@The collapsed plan to acquire UAL Corp., parent of United Airlines, spurred quick action on the legislation, introduced Wednesday and approved by the subcommittee on a voice vote yesterday.@@@@1@29@@oe@2-2-2013
22207003@unknown@formal@none@1@S@The bill is expected to be taken up by the Public Works and Transportation Committee tomorrow, and a floor vote by next week will be urged.@@@@1@26@@oe@2-2-2013
22207004@unknown@formal@none@1@S@The measure drew criticism from the Bush administration and a parting shot from financier Donald Trump, who yesterday withdrew his takeover bid for AMR Corp., the parent of American Airlines.@@@@1@30@@oe@2-2-2013
22207005@unknown@formal@none@1@S@In a letter to subcommittee Chairman James Oberstar (D., Minn.), Mr. Trump criticized the bill as an explicit effort to thwart his bid for AMR, and said it contributed to the collapse of the deal.@@@@1@35@@oe@2-2-2013
22207006@unknown@formal@none@1@S@Elaine Chao, deputy transportation secretary, also sent a letter to express the administration's opposition to the bill "in its present form."@@@@1@21@@oe@2-2-2013
22207007@unknown@formal@none@1@S@Rep. Oberstar brushed off Mr. Trump's allegations as an "excuse for his own deal failing."@@@@1@15@@oe@2-2-2013
22207008@unknown@formal@none@1@S@He also said the fact that the other letter hadn't come from Transportation Secretary Samuel Skinner indicated there is "wiggle room" in the administration's position.@@@@1@25@@oe@2-2-2013
22207009@unknown@formal@none@1@S@Mr. Oberstar and other committee members repeatedly stressed that the legislation wasn't a response to any particular market situation.@@@@1@19@@oe@2-2-2013
22207010@unknown@formal@none@1@S@But they cited the UAL and AMR examples as reasons to move quickly to enact this legislation.@@@@1@17@@oe@2-2-2013
22207011@unknown@formal@none@1@S@Aides both in the House and Senate said the withdrawal of the Trump bid for AMR isn't likely to deflate efforts to push the legislation.@@@@1@25@@oe@2-2-2013
22207012@unknown@formal@none@1@S@"It's still on the fast track and we still want to do it," said one Senate aide.@@@@1@17@@oe@2-2-2013
22207013@unknown@formal@none@1@S@The bill is aimed at addressing the concern that an airline might sacrifice costly safety measures to pay off the debt incurred in a leveraged buy-out.@@@@1@26@@oe@2-2-2013
22207014@unknown@formal@none@1@S@Currently, the transportation secretary doesn't have clearly established authority to block mergers, but can take the drastic step of revoking the operating certificate of any carrier the official considers unfit.@@@@1@30@@oe@2-2-2013
22207015@unknown@formal@none@1@S@Supporters of the legislation view the bill as an effort to add stability and certainty to the airline-acquisition process, and to preserve the safety and fitness of the industry.@@@@1@29@@oe@2-2-2013
22207016@unknown@formal@none@1@S@In general, the bill would give the Transportation Department a 30-day review period before 15% or more of the voting stock of a major U.S. air carrier could be acquired.@@@@1@30@@oe@2-2-2013
22207017@unknown@formal@none@1@S@It also would require the acquiring party to notify the transportation secretary and to provide all information relevant to determining the intent of the acquisition.@@@@1@25@@oe@2-2-2013
22207018@unknown@formal@none@1@S@The bill would allow the secretary to reject a buy-out if sufficient information hasn't been provided, or if the buy-out is likely to weaken the carrier financially, result in a substantial reduction in size of the airline through disposal of assets, or give control to a foreign interest.@@@@1@48@@oe@2-2-2013
22207019@unknown@formal@none@1@S@If more information is needed, the secretary would have authority to extend the review period 20 days.@@@@1@17@@oe@2-2-2013
22207020@unknown@formal@none@1@S@All the witnesses, both congressmen and industry experts, expressed support for the bill in order to prevent profiteers from cashing in on airline profits at the expense of safe, cost-effective service.@@@@1@31@@oe@2-2-2013
22207021@unknown@formal@none@1@S@But several committee members disapproved, some backing Mr. Trump's claim that the threat of regulation caused the failure of the UAL deal and the stock-market plunge.@@@@1@26@@oe@2-2-2013
22207022@unknown@formal@none@1@S@One of the major concerns expressed by the dissenters was that large airlines would be prohibited from divesting themselves of smaller entities and producing independent spin-off companies.@@@@1@27@@oe@2-2-2013
22208001@unknown@formal@none@1@S@In a possible prelude to the resumption of talks between Boeing Co. and striking Machinists union members, a federal mediator said representatives of the two sides will meet with him tomorrow.@@@@1@31@@oe@2-2-2013
22208002@unknown@formal@none@1@S@"It could be a long meeting or it could be a short one," said Doug Hammond, the mediator, who called the agreement to meet a first step toward a resumption of negotiations.@@@@1@32@@oe@2-2-2013
22208003@unknown@formal@none@1@S@"We're encouraged that talks are scheduled again but beyond that, we have made no expression of expectations," a Boeing spokesman said.@@@@1@21@@oe@2-2-2013
22208004@unknown@formal@none@1@S@The Machinists union has rejected a three-year contract offer that would have provided a 10% wage increase over the life of the pact, plus some bonuses.@@@@1@26@@oe@2-2-2013
22208005@unknown@formal@none@1@S@Currently, average pay for machinists is $13.39 an hour, Boeing said.@@@@1@11@@oe@2-2-2013
22208006@unknown@formal@none@1@S@Now in its 13th day, the strike has idled about 55,000 machinists and has started to delay delivery of some jetliners.@@@@1@21@@oe@2-2-2013
22208007@unknown@formal@none@1@S@With a strike fund of about $100 million, the union had said it was prepared for a long strike.@@@@1@19@@oe@2-2-2013
22208008@unknown@formal@none@1@S@After the third week on strike, union members will begin receiving $100 a week from the fund.@@@@1@17@@oe@2-2-2013
22208009@unknown@formal@none@1@S@Work at Boeing continues with supervisors and other non-striking personnel manning the lines.@@@@1@13@@oe@2-2-2013
22208010@unknown@formal@none@1@S@And at the company's Wichita, Kan., plant, about 2,400 of the 11,700 machinists still are working, Boeing said.@@@@1@18@@oe@2-2-2013
22208011@unknown@formal@none@1@S@Under Kansas right-to-work laws, contracts cannot require workers to be union members.@@@@1@12@@oe@2-2-2013
22208012@unknown@formal@none@1@S@Boeing has declined to say how many employees are working at its giant Renton, Wash., plant.@@@@1@16@@oe@2-2-2013
22208013@unknown@formal@none@1@S@Union officials couldn't be reached for comment.@@@@1@7@@oe@2-2-2013
22209001@unknown@formal@none@1@S@DPC Acquisition Partners, a hostile suitor for Dataproducts Corp., said it intends to launch a tender offer for the computer printer maker's common stock.@@@@1@24@@oe@2-2-2013
22209002@unknown@formal@none@1@S@DPC, a group led by the New York investment firm Crescott Inc., also said it plans to file preliminary materials with the Securities and Exchange Commission regarding a shareholder solicitation to oust Dataproducts' board.@@@@1@34@@oe@2-2-2013
22209003@unknown@formal@none@1@S@DPC holds a 7.8% stake in Dataproducts and made a $15-a-share bid for the company in May, but Dataproducts management considered the $283.7 million proposal unacceptable.@@@@1@26@@oe@2-2-2013
22209004@unknown@formal@none@1@S@A DPC spokesman declined to elaborate on the group's new plan.@@@@1@11@@oe@2-2-2013
22209005@unknown@formal@none@1@S@In American Stock Exchange composite trading yesterday, Dataproducts shares jumped 62.5 cents to close at $9.375.@@@@1@16@@oe@2-2-2013
22209006@unknown@formal@none@1@S@Dataproducts, which had been seeking a buyer for several months, announced a restructuring plan in September and took itself off the auction block.@@@@1@23@@oe@2-2-2013
22209007@unknown@formal@none@1@S@The company's restructuring includes plans to split into three sectors, to phase out domestic printer manufacturing operations and to sell its New England subsidiary.@@@@1@24@@oe@2-2-2013
22209008@unknown@formal@none@1@S@As part of the plan, Dataproducts announced a pact to sell $63 million of its real estate holdings to Trizec Properties Inc., a unit of Canada's Trizec Corp.@@@@1@28@@oe@2-2-2013
22209009@unknown@formal@none@1@S@Jack Davis, Dataproducts' president, chairman and chief executive officer, said the company "is at a loss to understand DPC's intentions."@@@@1@20@@oe@2-2-2013
22209010@unknown@formal@none@1@S@He called today's announcement "opportunistic and disruptive" and said the company intends to proceed with its restructuring.@@@@1@17@@oe@2-2-2013
22210001@unknown@formal@none@1@S@Share prices plummeted across Europe yesterday in response to Friday's New York sell-off, but some issues staged a late comeback after Wall Street opened without another rout.@@@@1@27@@oe@2-2-2013
22210002@unknown@formal@none@1@S@European investors have further reason for optimism today, after the U.S. rebound.@@@@1@12@@oe@2-2-2013
22210003@unknown@formal@none@1@S@The Frankfurt Stock Exchange, which closed before the New York exchanges opened, was the hardest hit of the major European markets, with the DAX Index dropping 12.8%.@@@@1@27@@oe@2-2-2013
22210004@unknown@formal@none@1@S@In London, prices plummeted in early trading and were off as much as 9% before coming back strong after the New York opening to close down only 3.2%.@@@@1@28@@oe@2-2-2013
22210005@unknown@formal@none@1@S@West German Economics Minister Helmut Haussmann said, "In my view, the stock market will stabilize relatively quickly.@@@@1@17@@oe@2-2-2013
22210006@unknown@formal@none@1@S@There may be one or other psychological or technical reactions, but they aren't based on fundamentals.@@@@1@16@@oe@2-2-2013
22210007@unknown@formal@none@1@S@The economy of West Germany and the EC {European Community} is highly stable."@@@@1@13@@oe@2-2-2013
22210008@unknown@formal@none@1@S@Paris, which has been the center of speculation fever in recent weeks, also was hard hit.@@@@1@16@@oe@2-2-2013
22210009@unknown@formal@none@1@S@Share prices fell in Milan, Amsterdam, Zurich, Madrid and Stockholm.@@@@1@10@@oe@2-2-2013
22210010@unknown@formal@none@1@S@Prices in Brussels, where a computer breakdown disrupted trading, also tumbled.@@@@1@11@@oe@2-2-2013
22210011@unknown@formal@none@1@S@Following is a breakdown of major market activity:@@@@1@8@@oe@2-2-2013
22210012@unknown@formal@none@1@S@FRANKFURT:@@@@1@1@@oe@2-2-2013
22210013@unknown@formal@none@1@S@One of the sharpest declines came in the financial center of Europe's strongest economy.@@@@1@14@@oe@2-2-2013
22210014@unknown@formal@none@1@S@The DAX Index of 30 West German blue chips plunged 12.8%, a one-day record, wiping out the summer's gains.@@@@1@19@@oe@2-2-2013
22210015@unknown@formal@none@1@S@The index closed at 1385.72, down 203.56 points.@@@@1@8@@oe@2-2-2013
22210016@unknown@formal@none@1@S@By comparison, two years ago on Black Monday, the new index would have dropped 9.4%, according to a projection by the exchange.@@@@1@22@@oe@2-2-2013
22210017@unknown@formal@none@1@S@Investors may have reacted so strongly to Friday's U.S. stock market loss because they had vivid memories of the Frankfurt exchange's losing 35% of its value in the 1987 crash and its wake.@@@@1@33@@oe@2-2-2013
22210018@unknown@formal@none@1@S@This time, however, many small investors may have been hurt by acting so swiftly.@@@@1@14@@oe@2-2-2013
22210019@unknown@formal@none@1@S@"They all went in the wrong direction," said Andreas Insam, an investment adviser for the Bank in Liechtenstein's Frankfurt branch.@@@@1@20@@oe@2-2-2013
22210020@unknown@formal@none@1@S@He said he told clients to buy selected West German blue chips after they fell by about 10%.@@@@1@18@@oe@2-2-2013
22210021@unknown@formal@none@1@S@After the opening was delayed 30 minutes because of the crush of sell orders, Frankfurt's normal two-hour trading session was extended 75 minutes to handle the heavy volume.@@@@1@28@@oe@2-2-2013
22210022@unknown@formal@none@1@S@"The beginning was chaotic," said Nigel Longley, a broker for Commerzbank AG.@@@@1@12@@oe@2-2-2013
22210023@unknown@formal@none@1@S@"It took three-quarters of an hour before enough prices could be worked out to get a reading on the market."@@@@1@20@@oe@2-2-2013
22210024@unknown@formal@none@1@S@Institutional investors and bankers, many of whom spent the night before in their offices watching Far Eastern markets, were cautiously optimistic after the mild 1.8% decline in Tokyo stock prices.@@@@1@30@@oe@2-2-2013
22210025@unknown@formal@none@1@S@"Everybody was still confident, including most institutional investors.@@@@1@8@@oe@2-2-2013
22210026@unknown@formal@none@1@S@That is why everybody was a little surprised by the storm of sell orders from small private investors," said Norbert Braeuer, a senior trader for Hessische Landesbank.@@@@1@27@@oe@2-2-2013
22210027@unknown@formal@none@1@S@Some big institutions, including banks, began picking up lower-priced shares late yesterday, but most investors wanted to see what would happen in New York before acting.@@@@1@26@@oe@2-2-2013
22210028@unknown@formal@none@1@S@But even if Wall Street continues to stabilize, analysts here say the latest blow to investor confidence could inhibit a swift recovery for the Frankfurt exchange, which already was showing signs of weakness after the DAX had slipped from a 1989 high of 1657.61 on Sept. 8.@@@@1@47@@oe@2-2-2013
22210029@unknown@formal@none@1@S@Some of West Germany's bluest chips took some of the biggest hits.@@@@1@12@@oe@2-2-2013
22210030@unknown@formal@none@1@S@A 16.3% drop for Mannesmann AG and Dresdner Bank AG's 9.6% decline were especially problematic for their respective boards, whose plans for major rights issues in November could now be in jeopardy.@@@@1@32@@oe@2-2-2013
22210031@unknown@formal@none@1@S@Dresdner Bank last month said it hoped to raise 1.2 billion marks ($642.2 million) by issuing four million shares at 300 marks each.@@@@1@23@@oe@2-2-2013
22210032@unknown@formal@none@1@S@Yet yesterday's market cropped Dresdner's share price by 33 marks to 309 marks a share, leaving little incentive for investors to subscribe to the standing price unless the market recovers quickly.@@@@1@31@@oe@2-2-2013
22210033@unknown@formal@none@1@S@LONDON:@@@@1@1@@oe@2-2-2013
22210034@unknown@formal@none@1@S@Headed toward a record drop at midday, the London stock market recouped two-thirds of its losses in the wake of New York's early rally.@@@@1@24@@oe@2-2-2013
22210035@unknown@formal@none@1@S@The Financial Times-Stock Exchange 100 Share Index closed off 70.5 points, at 2163.4, its high for the day, after having plunged 204.2 points at 12:49 p.m.@@@@1@26@@oe@2-2-2013
22210036@unknown@formal@none@1@S@It was big institutions such as Norwich Union Insurance Group, Scottish Amicable Investment Managers and Standard Life Assurance Co. that spearheaded the rally.@@@@1@23@@oe@2-2-2013
22210037@unknown@formal@none@1@S@Attracted by low prices and encouraged by New York's performance, they scooped up equities across the board.@@@@1@17@@oe@2-2-2013
22210038@unknown@formal@none@1@S@Volume was 959.3 million shares, more than triple recent levels.@@@@1@10@@oe@2-2-2013
22210039@unknown@formal@none@1@S@PARIS:@@@@1@1@@oe@2-2-2013
22210040@unknown@formal@none@1@S@Late buying gave the Paris Bourse a parachute after its free fall early in the day.@@@@1@16@@oe@2-2-2013
22210041@unknown@formal@none@1@S@The CAC General Index ended down 5.4% at 523.6, a drop of 29.6 points from Friday.@@@@1@16@@oe@2-2-2013
22210042@unknown@formal@none@1@S@"There was a volatility in the market that I have never seen before," said Michel Vigier, a partner in brokerage firm Cholet Dupont.@@@@1@23@@oe@2-2-2013
22210043@unknown@formal@none@1@S@"When Wall Street turned around shortly after the opening, there was panic buying in Paris."@@@@1@15@@oe@2-2-2013
22210044@unknown@formal@none@1@S@Brokers said that as the news spread that Wall Street was moving up, traders who had called to place sell orders changed their line in mid-conversation, ordering buys instead.@@@@1@29@@oe@2-2-2013
22210045@unknown@formal@none@1@S@Trading was driven primarily by small investors and speculators, with large institutions waiting on the sidelines until late in the day.@@@@1@21@@oe@2-2-2013
22210046@unknown@formal@none@1@S@When Wall Street turned, however, the big boys entered the market, looking for bargains.@@@@1@14@@oe@2-2-2013
22211001@unknown@formal@none@1@S@J.P. Morgan & Co. swung to a loss in the third quarter, while NCNB Corp. reported net income more than doubled, and Security Pacific Corp. net rose 10%.@@@@1@28@@oe@2-2-2013
22211002@unknown@formal@none@1@S@J.P. Morgan & Co.@@@@1@4@@oe@2-2-2013
22211003@unknown@formal@none@1@S@J.P. Morgan, as expected, posted a $1.82 billion net loss for the quarter, reflecting the New York bank's decision last month to add $2 billion to reserves for losses on loans to less-developed countries.@@@@1@34@@oe@2-2-2013
22211004@unknown@formal@none@1@S@The reserve addition placed the parent of Morgan Guaranty Trust Co. among a few major U.S. banks that have covered nearly all their medium and long-term portfolios to less-developed countries with reserves.@@@@1@32@@oe@2-2-2013
22211005@unknown@formal@none@1@S@The latest quarter's loss equals $9.92 a share.@@@@1@8@@oe@2-2-2013
22211006@unknown@formal@none@1@S@In the year-earlier quarter, Morgan earned $233.6 million, or $1.25 a share.@@@@1@12@@oe@2-2-2013
22211007@unknown@formal@none@1@S@George M. Salem, analyst at Prudential-Bache Securities Inc., called the results "mildly disappointing."@@@@1@13@@oe@2-2-2013
22211008@unknown@formal@none@1@S@Excluding the $2 billion provision and allowing for the taxes Morgan paid, earnings were about 65 cents a share, Mr. Salem said.@@@@1@22@@oe@2-2-2013
22211009@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Morgan climbed $1.50 a share to $44.125.@@@@1@15@@oe@2-2-2013
22211010@unknown@formal@none@1@S@Net interest income sank 27% in the quarter to $254 million from $347 million.@@@@1@14@@oe@2-2-2013
22211011@unknown@formal@none@1@S@The interest rate on short-term funds, which banks borrow to finance longer-term loans to customers, was "sharply higher," Morgan said.@@@@1@20@@oe@2-2-2013
22211012@unknown@formal@none@1@S@Morgan received $2 million of interest payments on its medium and long-term Brazilian loans; had they been accruing interest, net interest income would have been $35 million higher in the quarter, Morgan said.@@@@1@33@@oe@2-2-2013
22211013@unknown@formal@none@1@S@Such loans to Argentina also remain classified as non-accruing, costing the bank $10 million of interest income in the third period.@@@@1@21@@oe@2-2-2013
22211014@unknown@formal@none@1@S@Income from sources other than interest climbed 12% to $414 million, reflecting higher corporate-finance and other fees and gains on sales of investment securities.@@@@1@24@@oe@2-2-2013
22211015@unknown@formal@none@1@S@"These increases were partly offset by lower trading-related" income, the bank said.@@@@1@12@@oe@2-2-2013
22211016@unknown@formal@none@1@S@Non-interest expenses grew 16% to $496 million.@@@@1@7@@oe@2-2-2013
22211017@unknown@formal@none@1@S@NCNB Corp.@@@@1@2@@oe@2-2-2013
22211018@unknown@formal@none@1@S@NCNB Corp.'s net income more than doubled in the period, largely because of continued strong performance by the bank's Texas operations.@@@@1@21@@oe@2-2-2013
22211019@unknown@formal@none@1@S@The Charlotte, N.C., company said earnings rose to $143.6 million, or $1.45 a share, from $58.9 million, or 69 cents a share, a year earlier.@@@@1@25@@oe@2-2-2013
22211020@unknown@formal@none@1@S@The latest quarter included a gain of $56.1 million, or 59 cents a share, related to the purchase of the remaining 51% of NCNB Texas National Bank from the Federal Deposit Insurance Corp.@@@@1@33@@oe@2-2-2013
22211021@unknown@formal@none@1@S@The strong performance, however, contrasted with an unexpectedly large increase in the size of NCNB's problem loans, particularly in the Southeast.@@@@1@21@@oe@2-2-2013
22211022@unknown@formal@none@1@S@In the third quarter, nonperforming assets jumped to $474.1 million, or 1.43% of net loans and leases, from $232.8 million, or 1.13% in the second quarter.@@@@1@26@@oe@2-2-2013
22211023@unknown@formal@none@1@S@Nonperformers totaled $230.8 million, or 1.27% in the year-ago third quarter.@@@@1@11@@oe@2-2-2013
22211024@unknown@formal@none@1@S@Included in the increase in the most recent quarter is a $33 million loan, which NCNB said it "expects to be fully repaid, with no loss, early in the fourth quarter."@@@@1@31@@oe@2-2-2013
22211025@unknown@formal@none@1@S@The deterioration in credit quality offset strong loan growth of 17% in NCNB's Southeast operations, as well as a 28% growth in deposits resulting from an aggressive marketing campaign.@@@@1@29@@oe@2-2-2013
22211026@unknown@formal@none@1@S@The higher rates paid on deposits also helped squeeze NCNB's net interest margin in the Southeast to 3.38% from 3.80% a year earlier.@@@@1@23@@oe@2-2-2013
22211027@unknown@formal@none@1@S@In Big Board composite trading yesterday, NCNB jumped $3.50 a share, to $51.@@@@1@13@@oe@2-2-2013
22211028@unknown@formal@none@1@S@Results were released after the market closed.@@@@1@7@@oe@2-2-2013
22211029@unknown@formal@none@1@S@NCNB Texas National, formed from the remnants of of the failed First RepublicBank Corp. of Dallas, contributed $76.9 million to NCNB's bottom line in the third quarter.@@@@1@27@@oe@2-2-2013
22211030@unknown@formal@none@1@S@NCNB said its third-quarter results reflect 100% of earnings of the Texas operation since Aug. 1.@@@@1@16@@oe@2-2-2013
22211031@unknown@formal@none@1@S@NCNB raised some $1.9 billion in new capital during the quarter to complete the NCNB Texas purchase, and to acquire several small failed thrifts to fill out its regional franchise.@@@@1@30@@oe@2-2-2013
22211032@unknown@formal@none@1@S@Last week, the banking company said it purchased both Freedom Savings & Loan Association, Tampa, Fla., and University Federal Savings Association of San Antonio, Texas, for $169.4 million.@@@@1@28@@oe@2-2-2013
22211033@unknown@formal@none@1@S@In the first nine months, NCNB's net income climbed 65% to $310.9 million, or $3.30 a share, from $188.2 million, or $2.22 a share, a year earlier.@@@@1@27@@oe@2-2-2013
22211034@unknown@formal@none@1@S@Security Pacific Corp.@@@@1@3@@oe@2-2-2013
22211035@unknown@formal@none@1@S@Security Pacific's earnings growth slowed in the third quarter, but the Los Angeles bank holding company was still able to post a 10% increase in net income because of robust growth in residential real-estate and consumer loans.@@@@1@37@@oe@2-2-2013
22211036@unknown@formal@none@1@S@Net rose to $185.1 million, or $1.55 a share, from $167.9 million, or $1.47 a share, a year earlier.@@@@1@19@@oe@2-2-2013
22211037@unknown@formal@none@1@S@The company said the gain resulted mainly from a $54 million increase in net interest income, reflecting a 33% increase in real estate loans (mainly residential), and a 19% rise in consumer loans.@@@@1@33@@oe@2-2-2013
22211038@unknown@formal@none@1@S@These high-yielding loans in effect replaced some low-yielding assets such as inter-bank loans, which were allowed to decrease.@@@@1@18@@oe@2-2-2013
22211039@unknown@formal@none@1@S@As a result, Security Pacific's net interest margin fell only 13 basis points, a more mild decrease than some major banks outside California, which have been reporting more sluggish earnings.@@@@1@30@@oe@2-2-2013
22211040@unknown@formal@none@1@S@Security Pacific shares closed at $44.625, down 37.5 cents, in Big Board composite trading.@@@@1@14@@oe@2-2-2013
22211041@unknown@formal@none@1@S@The earnings represent a 0.89% return on assets for Security Pacific, and an 18.9% return on equity.@@@@1@17@@oe@2-2-2013
22211042@unknown@formal@none@1@S@The loan growth offset continuing real-estate loan losses in the depressed Arizona market.@@@@1@13@@oe@2-2-2013
22211043@unknown@formal@none@1@S@Security Pacific reported a 33% increase in net credit losses for the quarter, to $109 million from $81.9 million in the year-ago period.@@@@1@23@@oe@2-2-2013
22211044@unknown@formal@none@1@S@Nonperforming loans grew slightly to $1.75 billion at Sept. 30, from $1.7 billion a year ago.@@@@1@16@@oe@2-2-2013
22211045@unknown@formal@none@1@S@Security Pacific's loan-loss provision was down 22%, or $30.4 million, because it added to its foreign-debt reserve the year before.@@@@1@20@@oe@2-2-2013
22211046@unknown@formal@none@1@S@Non-interest income fell 6% in the quarter, mainly because of an unusual gain a year earlier from the sale of Hong Kong banking operations.@@@@1@24@@oe@2-2-2013
22211047@unknown@formal@none@1@S@Non-interest expense grew only 4% in the period.@@@@1@8@@oe@2-2-2013
22211048@unknown@formal@none@1@S@For the nine months, net rose 17% to $548.9 million, or $4.67 a share, from $469.4 million, or $4.13 a share, a year earlier.@@@@1@24@@oe@2-2-2013
22212001@unknown@formal@none@1@S@LIN Broadcasting Corp. said it won't take a position on a revised tender offer by McCaw Cellular Communications Inc. to buy LIN and has asked for clarification of the offer.@@@@1@30@@oe@2-2-2013
22212002@unknown@formal@none@1@S@The new offer, which seeks 50.3% of the cellular and broadcasting concern, is for $125 a share for 22 million LIN shares.@@@@1@22@@oe@2-2-2013
22212003@unknown@formal@none@1@S@McCaw's revised tender offer would require McCaw to begin an auction process in July 1994 that would buy out remaining holders at a per-share price roughly equivalent to what a third party might then have to pay for all of LIN.@@@@1@41@@oe@2-2-2013
22212004@unknown@formal@none@1@S@LIN is asking McCaw to clarify its tender offer, which challenges an agreement between BellSouth Corp. and LIN to merge their cellular-telephone businesses.@@@@1@23@@oe@2-2-2013
22212005@unknown@formal@none@1@S@BellSouth has notified LIN that it would "shortly respond to the McCaw proposal in as full and effective a manner as is warranted."@@@@1@23@@oe@2-2-2013
22212006@unknown@formal@none@1@S@The LIN board said holders may be misled by the provision in the McCaw proposal that "guarantees" private market value after five years for the remaining shares.@@@@1@27@@oe@2-2-2013
22212007@unknown@formal@none@1@S@McCaw has "no obligation to purchase and the definition of private market value is uncertain," the LIN board said.@@@@1@19@@oe@2-2-2013
22212008@unknown@formal@none@1@S@The board added that McCaw would be able to control LIN's operations and could, "therefore, operate LIN in a manner which could diminish its private market value and attractiveness to a third-party purchaser in five years."@@@@1@36@@oe@2-2-2013
22212009@unknown@formal@none@1@S@In national over-the-counter trading, LIN closed at $104.75, down $2.75.@@@@1@10@@oe@2-2-2013
22213001@unknown@formal@none@1@S@A group of institutional investors in Telerate Inc. said that Dow Jones & Co.'s $18-a-share offer for the electronic financial information services company is "grossly inadequate."@@@@1@26@@oe@2-2-2013
22213002@unknown@formal@none@1@S@In a letter filed with the Securities and Exchange Commission, the group, which holds about 4.5 million Telerate shares, or about 4.7% of the shares outstanding, said " . . . at present none of us believes an offer for less than $25 per share would be fair and some believe that $25 is too low."@@@@1@56@@oe@2-2-2013
22213003@unknown@formal@none@1@S@The letter was dated Oct. 6.@@@@1@6@@oe@2-2-2013
22213004@unknown@formal@none@1@S@In composite trading on the New York Stock Exchange, Telerate shares closed yesterday at $18.875, down 75 cents a share.@@@@1@20@@oe@2-2-2013
22213005@unknown@formal@none@1@S@Dow Jones, publisher of The Wall Street Journal, has launched an $18-a-share, or $576 million, tender offer to acquire the remaining Telerate shares outstanding; Dow Jones owns 67% of Telerate.@@@@1@30@@oe@2-2-2013
22213006@unknown@formal@none@1@S@Telerate has rejected the offer, which expires Nov. 3.@@@@1@9@@oe@2-2-2013
22213007@unknown@formal@none@1@S@The group includes Putnam Cos. and various affiliates based in Boston; Wells Fargo Bank, San Francisco; the California Public Employees Retirement System, Sacramento, Calif., and T. Rowe Price Associates Inc., Baltimore.@@@@1@31@@oe@2-2-2013
22213008@unknown@formal@none@1@S@Among other issues, the group's letter said it has "concerns as to whether Dow Jones's offer meets the applicable requirements of procedural fairness."@@@@1@23@@oe@2-2-2013
22213009@unknown@formal@none@1@S@A spokesman for Dow Jones said he hadn't seen the group's filing, but added, "obviously Dow Jones disagrees with their conclusions.@@@@1@21@@oe@2-2-2013
22213010@unknown@formal@none@1@S@Our offer is to buy any and all shares tendered at $18 a share.@@@@1@14@@oe@2-2-2013
22214001@unknown@formal@none@1@S@U.S. Trade Representative Carla Hills said the first dispute-settlement panel set up under the U.S.-Canadian "free trade" agreement has ruled that Canada's restrictions on exports of Pacific salmon and herring violate the accord.@@@@1@33@@oe@2-2-2013
22214002@unknown@formal@none@1@S@Mrs. Hills said the U.S. and Canada have until Nov. 13 to resolve the dispute.@@@@1@15@@oe@2-2-2013
22214003@unknown@formal@none@1@S@If a solution isn't reached by then, she said, the U.S. would have the right to suspend some trade concessions to Canada equivalent in value to the losses suffered by U.S. fish-processing companies in Alaska and the Pacific Northwest.@@@@1@39@@oe@2-2-2013
22214004@unknown@formal@none@1@S@However, in Ottawa, Canadian Trade Minister John Crosbie said the dispute-settlement panel accepted the "legitimacy of Canada's position on the use of these landing requirements to conserve and manage these important fisheries."@@@@1@32@@oe@2-2-2013
22214005@unknown@formal@none@1@S@Questioned about the seeming contradiction in the U.S. and Canadian government views of the panel's report, an aide for Mrs. Hills said the panel had clearly ruled that the Canadian trade restrictions "are illegal."@@@@1@34@@oe@2-2-2013
22214006@unknown@formal@none@1@S@The U.S. trade representative declined to put a dollar estimate on the losses resulting from the Canadian export restrictions.@@@@1@19@@oe@2-2-2013
22214007@unknown@formal@none@1@S@Canada initially had an export prohibition that was replaced by regulations requiring that such fish had to be brought ashore in British Columbia by commercial fishermen prior to export.@@@@1@29@@oe@2-2-2013
22214008@unknown@formal@none@1@S@This action was defended by the Canadian government on conservation grounds.@@@@1@11@@oe@2-2-2013
22214009@unknown@formal@none@1@S@Mrs. Hills said yesterday that the dispute-settlement panel rejected this Canadian government argument.@@@@1@13@@oe@2-2-2013
22214010@unknown@formal@none@1@S@"We fully expect that Canada will comply with the panel's ruling" that the "landing requirement" also must be ended, she said.@@@@1@21@@oe@2-2-2013
22214011@unknown@formal@none@1@S@Earlier, an international panel set up under the rules of the General Agreement on Tariffs and Trade in Geneva determined that the original Canadian fish-export restrictions violated GATT rules.@@@@1@29@@oe@2-2-2013
22214012@unknown@formal@none@1@S@Mrs. Hills said the U.S. won't accept any delays after Nov. 13 because U.S. fish-processing firms enter into contracts in the fall to purchase the next season's catch.@@@@1@28@@oe@2-2-2013
22214013@unknown@formal@none@1@S@She said the Canadian restrictions must be removed before such contracts are concluded.@@@@1@13@@oe@2-2-2013
22215001@unknown@formal@none@1@S@Idle Thought@@@@1@2@@oe@2-2-2013
22215002@unknown@formal@none@1@S@To spend a carefree, idle day, When duty calls, to pay no heed, To while the precious hours away -- Character is what you need.@@@@1@25@@oe@2-2-2013
22215003@unknown@formal@none@1@S@-- May Richstone.@@@@1@3@@oe@2-2-2013
22215004@unknown@formal@none@1@S@Telecussed@@@@1@1@@oe@2-2-2013
22215005@unknown@formal@none@1@S@The guy who throws an intercept 'Cause his receiver slips Should somehow be advised that we At home can read his lips.@@@@1@22@@oe@2-2-2013
22215006@unknown@formal@none@1@S@-- Dick Emmons.@@@@1@3@@oe@2-2-2013
22216001@unknown@formal@none@1@S@BancOklahoma Corp. said it completed a restructuring agreement previously agreed to by the Federal Deposit Insurance Corp., creditor banks and subordinated debenture holders.@@@@1@23@@oe@2-2-2013
22216002@unknown@formal@none@1@S@The plan would permit the bank holding company to retire its bank and debenture obligations through exchanges of cash and equity.@@@@1@21@@oe@2-2-2013
22216003@unknown@formal@none@1@S@The FDIC, which in 1986 provided $130 million in open-bank assistance to BancOklahoma's Bank of Oklahoma, Tulsa, unit will continue to maintain $90 million in preferred stock in the Tulsa bank unit.@@@@1@32@@oe@2-2-2013
22216004@unknown@formal@none@1@S@In exchange for the other $40 million, the FDIC will receive additional warrants entitling it to buy 60% of BancOklahoma's common stock outstanding, up from the 55% option the FDIC received under terms of the 1986 capital infusion.@@@@1@38@@oe@2-2-2013
22216005@unknown@formal@none@1@S@In exchange for the $76 million they are owed, creditor banks will receive 3.9 million shares of BancOklahoma common stock and the proceeds from the future sales of four subsidiary banks to private buyers, the bank holding company said.@@@@1@39@@oe@2-2-2013
22216006@unknown@formal@none@1@S@Also under the agreement, debenture holders will get one million shares of common stock in exchange for $7.7 million in debentures and holders of BancOklahoma's series A preferred stock will receive 1.25 shares of common stock for every share of preferred they own, the company said.@@@@1@46@@oe@2-2-2013
22217001@unknown@formal@none@1@S@Bear Stearns's chief economist, Lawrence Kudlow, in the Sept. 29 issue of the firm's Global Spectator:@@@@1@16@@oe@2-2-2013
22217002@unknown@formal@none@1@S@Were it true that a weak currency paves the way for trade surpluses, then presumably Argentina would be the center of today's global economy.@@@@1@24@@oe@2-2-2013
22218001@unknown@formal@none@1@S@BSN Corp. said it will begin an offer tomorrow to exchange up to one million of its common shares and all of its $16.6 million in 7 3/4% convertible debentures due 2001 for a package of new debt and common stock warrants.@@@@1@42@@oe@2-2-2013
22218002@unknown@formal@none@1@S@Under terms of the offer, the sporting goods maker will swap $9 face amount of 9 1/4% subordinated notes due 1996 and one warrant for each common share.@@@@1@28@@oe@2-2-2013
22218003@unknown@formal@none@1@S@Each warrant allows the holder to buy one BSN share for $10.75 a share at any time over the next seven years.@@@@1@22@@oe@2-2-2013
22218004@unknown@formal@none@1@S@BSN currently has 4.6 million common shares outstanding.@@@@1@8@@oe@2-2-2013
22218005@unknown@formal@none@1@S@BSN also is offering $850 face amount of new notes and 64 common-stock warrants for each $1,000 face amount of its convertible debt outstanding.@@@@1@24@@oe@2-2-2013
22218006@unknown@formal@none@1@S@The company said it can redeem the warrants at its option for $1 each.@@@@1@14@@oe@2-2-2013
22218007@unknown@formal@none@1@S@The offer isn't contingent on a certain amount of debt or stock being exchanged.@@@@1@14@@oe@2-2-2013
22218008@unknown@formal@none@1@S@BSN said it is making the offer to shrink its capital and increase shareholder value.@@@@1@15@@oe@2-2-2013
22218009@unknown@formal@none@1@S@If all the bondholders and holders of one million common shares accept the offer, BSN will increase its debt by $9 million, but it also will recognize a $2 million gain from retiring the old debt, said Michael J. Blumenfeld, president.@@@@1@41@@oe@2-2-2013
22218010@unknown@formal@none@1@S@"We have sufficient cash flow to handle that," he said.@@@@1@10@@oe@2-2-2013
22218011@unknown@formal@none@1@S@The offers are scheduled to expire in mid to late November.@@@@1@11@@oe@2-2-2013
22219001@unknown@formal@none@1@S@Merrill Lynch & Co.'s net income dropped 37%, while Bear Stearns Cos. posted a 7.5% gain in net, and PaineWebber Group Inc.'s profit fell, but would have risen without a special gain a year ago.@@@@1@35@@oe@2-2-2013
22219002@unknown@formal@none@1@S@At Merrill Lynch, third-period net was $41 million, or 34 cents a share, down from $65.6 million, or 58 cents a share, a year ago.@@@@1@25@@oe@2-2-2013
22219003@unknown@formal@none@1@S@Total revenue reached $2.83 billion, up 10% from $2.57 billion.@@@@1@10@@oe@2-2-2013
22219004@unknown@formal@none@1@S@The firm's drop in net reflected weaker revenue in transactions for its own account -- a decline of 19% to $314.6 million on reduced revenue from trading fixed-income securities.@@@@1@29@@oe@2-2-2013
22219005@unknown@formal@none@1@S@Investment banking revenue fell 22% to $296.6 million on fewer equity and municipal underwritings.@@@@1@14@@oe@2-2-2013
22219006@unknown@formal@none@1@S@Merrill Lynch's commission revenue grew 21%, however, to $462.8 million, on higher share prices and volume and on strong sales of mutual funds.@@@@1@23@@oe@2-2-2013
22219007@unknown@formal@none@1@S@Revenue derived from interest and dividends jumped 30% to $1.4 billion.@@@@1@11@@oe@2-2-2013
22219008@unknown@formal@none@1@S@Asset-management fee revenue grew 12% to $151 million.@@@@1@8@@oe@2-2-2013
22219009@unknown@formal@none@1@S@The brokerage also reported a loss of $2.2 million from the discontinued operations and disposal of its Fine Homes International Limited Partnership real-estate subsidiary.@@@@1@24@@oe@2-2-2013
22219010@unknown@formal@none@1@S@Bear Stearns said net in the first quarter ended Sept. 29 reached $22.1 million, or 23 cents a share, from $20.5 million, or 20 cents a share, in the year-earlier quarter.@@@@1@31@@oe@2-2-2013
22219011@unknown@formal@none@1@S@Gross revenue rose 21% to $580.4 million from $478.9 million.@@@@1@10@@oe@2-2-2013
22219012@unknown@formal@none@1@S@Profit from trading for its own account dropped, the securities firm said.@@@@1@12@@oe@2-2-2013
22219013@unknown@formal@none@1@S@Investment banking revenue climbed 25%, while commission revenue advanced 31% on a stronger retail market.@@@@1@15@@oe@2-2-2013
22219014@unknown@formal@none@1@S@Bear Stearns is the holding company for Bear, Stearns & Co., the investment banking and brokerage firm.@@@@1@17@@oe@2-2-2013
22219015@unknown@formal@none@1@S@In New York Stock Exchange composite trading yesterday, Bear Stearns shares closed at $13.625, down 25 cents.@@@@1@17@@oe@2-2-2013
22219016@unknown@formal@none@1@S@Separately, PaineWebber posted net income for the third quarter of $16.8 million, or 41 cents a share, reflecting a "broad-based improvement" in the company's core businesses.@@@@1@26@@oe@2-2-2013
22219017@unknown@formal@none@1@S@Retail profit surged, but the company said it was only a "modest contributor" to third-quarter results.@@@@1@16@@oe@2-2-2013
22219018@unknown@formal@none@1@S@A year ago, net at the New York investment banking firm was $20.9 million, or 50 cents a share, including a special pretax gain of $46.3 million from the sale of the company's interest in National Car Rental Systems Inc.@@@@1@40@@oe@2-2-2013
22219019@unknown@formal@none@1@S@Revenue was $444.9 million, including net interest, down slightly from $450.7 million.@@@@1@12@@oe@2-2-2013
22219020@unknown@formal@none@1@S@In Big Board composite trading yesterday, PaineWebber closed at $18.50, up 75 cents.@@@@1@13@@oe@2-2-2013
22220001@unknown@formal@none@1@S@Seafirst Corp. said it signed an agreement with builder Martin Selig to purchase its headquarters building, the Columbia Seafirst Center, for $354 million.@@@@1@23@@oe@2-2-2013
22220002@unknown@formal@none@1@S@Purchase of the 76-story structure is subject to execution of a definitive agreement, approval by the boards of Seafirst and its parent company BankAmerica Corp., and approval by regulators.@@@@1@29@@oe@2-2-2013
22221001@unknown@formal@none@1@S@The market upheaval apparently hasn't triggered any cash crunch -- yet.@@@@1@11@@oe@2-2-2013
22221002@unknown@formal@none@1@S@Individual investors, investment firms and arbitragers who speculate in the stocks of takeover candidates can suffer liquidity and payment problems when stocks dive; those investors often borrow heavily to buy their holdings and use the stocks as collateral for loans.@@@@1@40@@oe@2-2-2013
22221003@unknown@formal@none@1@S@But several large banks said yesterday they detected no signs of unusual demand for credit that would signal such difficulties.@@@@1@20@@oe@2-2-2013
22221004@unknown@formal@none@1@S@"We're seeing nothing out of the ordinary," said one official at a Top 10 bank.@@@@1@15@@oe@2-2-2013
22221005@unknown@formal@none@1@S@"That's good news, because we all swim in this water."@@@@1@10@@oe@2-2-2013
22221006@unknown@formal@none@1@S@Added another executive at a big bank: "We were all a little goosey over the weekend trying to forecast what would happen {Monday}, but it's been very quiet.@@@@1@28@@oe@2-2-2013
22221007@unknown@formal@none@1@S@Now, as for tomorrow, hell, who knows?@@@@1@7@@oe@2-2-2013
22222001@unknown@formal@none@1@S@What happened Friday shows that financial markets are not yet sufficiently coordinated to handle another meltdown in prices.@@@@1@18@@oe@2-2-2013
22222002@unknown@formal@none@1@S@No fiddling with systems and procedures will ever prevent markets from suffering a panic wave of selling.@@@@1@17@@oe@2-2-2013
22222003@unknown@formal@none@1@S@But markets can operate with greater or lesser efficiency.@@@@1@9@@oe@2-2-2013
22222004@unknown@formal@none@1@S@After the 1987 plunge, markets agreed that it would be wise to halt trading whenever panic conditions arose.@@@@1@18@@oe@2-2-2013
22222005@unknown@formal@none@1@S@The New York Stock Exchange adopted two specific circuit breakers: If the Dow Jones index falls 250 points in a day, the exchange will halt trading for one hour; if the decline hits 400 points, the exchange will close for an additional two hours.@@@@1@44@@oe@2-2-2013
22222006@unknown@formal@none@1@S@The rationale is that an interruption of trading will allow investors to reconsider their strategies, calm sellers and lead buyers to enter the market at indicated new price levels.@@@@1@29@@oe@2-2-2013
22222007@unknown@formal@none@1@S@It is impossible to know whether that theory is realistic.@@@@1@10@@oe@2-2-2013
22222008@unknown@formal@none@1@S@A temporary cessation of trading may indeed discourage a selling panic from feeding on itself.@@@@1@15@@oe@2-2-2013
22222009@unknown@formal@none@1@S@But there is also the possibility that shutting down markets will intensify fears and cause an even more abrupt slide in prices.@@@@1@22@@oe@2-2-2013
22222010@unknown@formal@none@1@S@What happened Friday was the worst of all worlds.@@@@1@9@@oe@2-2-2013
22222011@unknown@formal@none@1@S@The futures exchanges followed their own pre-set circuit breakers and shut down at about 3 p.m. for 30 minutes, after the Standard & Poor's 500 stock index had fallen 12 points, or about 100 points on the Dow Jones index.@@@@1@40@@oe@2-2-2013
22222012@unknown@formal@none@1@S@Options markets stopped trading in many securities.@@@@1@7@@oe@2-2-2013
22222013@unknown@formal@none@1@S@The New York Stock Exchange, under its own rules, remained open.@@@@1@11@@oe@2-2-2013
22222014@unknown@formal@none@1@S@With nowhere else to go, sellers, and particularly program traders, focused all their selling on the New York Stock Exchange.@@@@1@20@@oe@2-2-2013
22222015@unknown@formal@none@1@S@As liquidity on that market weakened, prices fell sharply.@@@@1@9@@oe@2-2-2013
22222016@unknown@formal@none@1@S@Had the futures and options markets been open, additional liquidity would have been provided and the decline, most probably, would have been less intense.@@@@1@24@@oe@2-2-2013
22222017@unknown@formal@none@1@S@At 3:30, after intense telephone negotiations between the trading markets and Washington, the futures exchanges reopened.@@@@1@16@@oe@2-2-2013
22222018@unknown@formal@none@1@S@Futures trading, however, was halted altogether at 3:45, after the futures markets had dropped an additional 30 points, which is the daily limit for price declines.@@@@1@26@@oe@2-2-2013
22222019@unknown@formal@none@1@S@At this point, the options markets also shut down and once more left all sales to be handled by the New York Stock Exchange.@@@@1@24@@oe@2-2-2013
22222020@unknown@formal@none@1@S@It is time to recognize that the New York Stock Exchange, the futures markets and the options markets, though physically separate, have actually become so closely intertwined as to constitute one market effectively.@@@@1@33@@oe@2-2-2013
22222021@unknown@formal@none@1@S@Traders can vary their strategies and execute their orders in any one of them.@@@@1@14@@oe@2-2-2013
22222022@unknown@formal@none@1@S@It therefore makes no sense for each market to adopt different circuit breakers.@@@@1@13@@oe@2-2-2013
22222023@unknown@formal@none@1@S@To achieve maximum liquidity and minimize price volatility, either all markets should be open to trading or none.@@@@1@18@@oe@2-2-2013
22222024@unknown@formal@none@1@S@Synchronized circuit breakers would not have halted the slide in prices on Friday, but they probably would have made for smoother, less volatile executions.@@@@1@24@@oe@2-2-2013
22222025@unknown@formal@none@1@S@It's time for the exchanges and the Securities and Exchange Commission to agree on joint conditions for halting trading or staying open.@@@@1@22@@oe@2-2-2013
22222026@unknown@formal@none@1@S@Let's not have one market shut down for 30 minutes when the Dow declines 100 points and another shut down for an hour after a 250-point decline.@@@@1@27@@oe@2-2-2013
22222027@unknown@formal@none@1@S@The need for hurried last-minute telephone negotiations among market officials will disappear once rules are in place that synchronize circuit breakers in all markets.@@@@1@24@@oe@2-2-2013
22222028@unknown@formal@none@1@S@The new circuit breakers, if they are to be applied at all, will require that futures and options trading continue as long as the New York Stock Exchange remains open.@@@@1@30@@oe@2-2-2013
22222029@unknown@formal@none@1@S@The rules should be established by agreement of the officials of all affected exchanges acting under the oversight and with the approval of the government regulatory agencies.@@@@1@27@@oe@2-2-2013
22222030@unknown@formal@none@1@S@Should the SEC and the Commodities Futures Trading Commission (which, with the SEC, regulates the Chicago stock-index markets) be unable to agree, the issue may have to be resolved by decision of the Treasury secretary.@@@@1@35@@oe@2-2-2013
22222031@unknown@formal@none@1@S@In many ways, our financial markets are better prepared today to handle a decline than they were two years ago.@@@@1@20@@oe@2-2-2013
22222032@unknown@formal@none@1@S@The New York Stock Exchange now has the capacity to handle a volume of nearly a billion shares a day.@@@@1@20@@oe@2-2-2013
22222033@unknown@formal@none@1@S@Telephone service has been improved for customers trying to reach their brokers, and specialists -- who I believe should stay, despite the urgings of some post-crash critics -- have larger capital positions.@@@@1@32@@oe@2-2-2013
22222034@unknown@formal@none@1@S@(Of course, specialists' actions alone can never prevent a major crack in stock prices.@@@@1@14@@oe@2-2-2013
22222035@unknown@formal@none@1@S@Witness the fact that trading in some stocks closed early Friday and opened late Monday because of an excess of sell orders.)@@@@1@22@@oe@2-2-2013
22222036@unknown@formal@none@1@S@But the task of improving market performance remains unfinished.@@@@1@9@@oe@2-2-2013
22222037@unknown@formal@none@1@S@Mr. Freund, former chief economist of the New York Stock Exchange, is a professor of economics at Pace University's business school in New York.@@@@1@24@@oe@2-2-2013
22223001@unknown@formal@none@1@S@A UNIFIED EUROPE poses labor problems and prospects for U.S. firms.@@@@1@11@@oe@2-2-2013
22223002@unknown@formal@none@1@S@The "social dimension" -- worker concerns -- of the European Community's plan to open its internal borders in 1992 could set the effort "off the rails" if not done reasonably, says General Electric senior vice president Frank Doyle.@@@@1@38@@oe@2-2-2013
22223003@unknown@formal@none@1@S@U.S. companies wanting to expand in Europe face "tough pressure" from unions in nations such as West Germany, which play a big consulting role in management decisions, he says.@@@@1@29@@oe@2-2-2013
22223004@unknown@formal@none@1@S@FMC Corp. and Baxter International say unions also won't like plant relocations and needed restructuring, which means layoffs.@@@@1@18@@oe@2-2-2013
22223005@unknown@formal@none@1@S@Many employers have already begun moving to southern countries such as Spain and Italy, where wages are low and unions are weaker; demand for trained labor and managers will rise there, FMC says.@@@@1@33@@oe@2-2-2013
22223006@unknown@formal@none@1@S@Pfizer, Fluor and GE see big "EC 92" pluses: a push for job training and ease in moving and finding workers.@@@@1@21@@oe@2-2-2013
22223007@unknown@formal@none@1@S@CLUBBING A FAN wasn't the Baltimore Orioles' fault.@@@@1@8@@oe@2-2-2013
22223008@unknown@formal@none@1@S@So said a federal judge, in a case involving two players for the minor league Bluefield, Va., Orioles, a Baltimore farm team.@@@@1@22@@oe@2-2-2013
22223009@unknown@formal@none@1@S@The players were heckled by a patron during a July 4, 1988, game with the Martinsville Phillies.@@@@1@17@@oe@2-2-2013
22223010@unknown@formal@none@1@S@Like its parent that year, "Bluefield was not having a good year," the judge said.@@@@1@15@@oe@2-2-2013
22223011@unknown@formal@none@1@S@After the game ("Bluefield lost, 9-8, stranding three runners in . . . the ninth," he noted), trouble began.@@@@1@19@@oe@2-2-2013
22223012@unknown@formal@none@1@S@More taunting in the parking lot, the players said, led to a fight.@@@@1@13@@oe@2-2-2013
22223013@unknown@formal@none@1@S@The fan said he was punched and kicked by one player and that the other broke his jaw with a baseball bat.@@@@1@22@@oe@2-2-2013
22223014@unknown@formal@none@1@S@The judge dismissed the fan's suit against the team, however, ruling the Orioles innocent of negligent hiring, and not responsible for a fight that was outside the players' employment.@@@@1@29@@oe@2-2-2013
22223015@unknown@formal@none@1@S@PROPOSALS ARISE for coping with the shortage of nurses.@@@@1@9@@oe@2-2-2013
22223016@unknown@formal@none@1@S@An Association of Academic Health Centers report urges freeing nurses from duties that don't require special skills.@@@@1@17@@oe@2-2-2013
22223017@unknown@formal@none@1@S@It also recommends better retirement and day-care benefits, and basing pay on education, experience and nurses' demanding work schedules.@@@@1@19@@oe@2-2-2013
22223018@unknown@formal@none@1@S@But it opposes an American Medical Association proposal for creating a "registered care technologist," as "potentially divisive"; it says the job would entail an unwanted new doctor's "bedside" extension.@@@@1@29@@oe@2-2-2013
22223019@unknown@formal@none@1@S@Over a third of 618 hospitals surveyed by consultant Hewitt Associates use a "clinical ladder," basing advancement on performance and education.@@@@1@21@@oe@2-2-2013
22223020@unknown@formal@none@1@S@Many also use recruiting bonuses, tuition reimbursement, loan repayment or child-care help.@@@@1@12@@oe@2-2-2013
22223021@unknown@formal@none@1@S@Some give lump-sum incentives.@@@@1@4@@oe@2-2-2013
22223022@unknown@formal@none@1@S@MRA Staffing Systems signs up nurses for paid travel, promising annual income up to $50,000 and free or subsidized housing.@@@@1@20@@oe@2-2-2013
22223023@unknown@formal@none@1@S@TREATING EMPLOYEES with respect is crucial for managers, says consultant Hay Group after surveys of a million workers.@@@@1@18@@oe@2-2-2013
22223024@unknown@formal@none@1@S@It's in their top five "work values."@@@@1@7@@oe@2-2-2013
22223025@unknown@formal@none@1@S@Fully 80% of employees who say their bosses treat them with respect, but only a third of those who don't feel respected say they're satisfied with where they work.@@@@1@29@@oe@2-2-2013
22223026@unknown@formal@none@1@S@SPRUCING UP THE DIGS: About 200 employees of the Maryland Department of Economic and Employment Development for four months painted walls, polished and carpeted floors, bought plants, cleaned windows and blinds, and hung pictures at the agency's Baltimore office.@@@@1@39@@oe@2-2-2013
22223027@unknown@formal@none@1@S@The 3,000 hours of work will save the state $55,000.@@@@1@10@@oe@2-2-2013