say.01
frames- [ARG0 The Lorillard spokeswoman] [rel said] [ARG1 0 asbestos was used *-1 in `` very modest amounts '' in * making paper for the filters in the early 1950s and replaced *-1 with a different type of filter in 1956] .
- [ARG1 From 1953 to 1955 , 9.8 billion Kent cigarettes with the filters were sold *-3] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 The asbestos fiber , crocidolite , is unusually resilient once it enters the lungs , with even brief exposures to it causing symptoms that *T*-1 show up decades later] , [ARG0 researchers] [rel said] 0 *T*-2 .
- [ARG1 The total of 18 deaths from malignant mesothelioma , lung cancer and asbestosis was far higher than * expected *?*] , [ARG0 the researchers] [rel said] 0 *T*-1 .
- `` [ARG1 The morbidity rate is a striking finding among those of us who *T*-5 study asbestos-related diseases] , '' [rel said] *T*-1 [ARG0 Dr. Talcott] .
- [ARG1 The percentage of lung cancer deaths among the workers at the West Groton , Mass. , paper factory appears *-1 to be the highest for any asbestos workers studied * in Western industrialized countries] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 The finding probably will support those who *T*-6 argue that the U.S. should regulate the class of asbestos including crocidolite more stringently than the common kind of asbestos , chrysotile , found * in most schools and other buildings] , [ARG0 Dr. Talcott] [rel said] 0 *T*-1 .
- `` [ARG1 There 's no question that some of those workers and managers contracted asbestos-related diseases] , '' [rel said] *T*-1 [ARG0 Darrell Phillips , vice president of human resources for Hollingsworth & Vose] .
- [ARG0 A Lorillard spokewoman] [rel said] , `` [ARG1 This is an old story] .
- `` [ARG1 We have no useful information on whether users are at risk] , '' [rel said] *T*-1 [ARG0 James A. Talcott of Boston 's Dana-Farber Cancer Institute] .
- [ARG1 Nevertheless] , [rel said] *T*-1 [ARG0 Brenda Malizia Negus , editor of Money Fund Report] , yields `` may blip up again before they blip down '' because of recent rises in short-term interest rates .
- [ARG0 Pacific First Financial Corp.] [rel said] [ARG1 0 shareholders approved its acquisition by Royal Trustco Ltd. of Toronto for $ 27 *U* a share , or $ 212 million *U*] .
- [ARG0 The thrift holding company] [rel said] [ARG1 0 it expects *-1 to obtain regulatory approval and complete the transaction by year-end] .
- [ARG0 McDermott International Inc.] [rel said] [ARG1 0 its Babcock & Wilcox unit completed the sale of its Bailey Controls Operations to Finmeccanica S.p . A. for $ 295 million *U*] .
- [ARG1 Until Congress acts , the government has n't any authority * to issue new debt obligations of any kind] , [ARG0 the Treasury] [rel said] 0 *T*-1 .
- [ARG0 The Treasury] [rel said] [ARG1 0 the U.S. will default on Nov. 9 if Congress does n't act by then] .
- [ARG0 More than a few CEOs] [rel say] [ARG1 0 the red-carpet treatment tempts them to return to a heartland city for future meetings] .
- [ARG0 Government officials] [rel said] [ARG1 0 exports at the end of the year would remain under a government target of $ 68 billion *U*] .
- [ARG0 Newsweek] , [ARGM-ADV *-1 trying *-2 to keep pace with rival Time magazine] , announced new advertising rates for 1990 and [rel said] [ARG1 0 it will introduce a new incentive plan for advertisers] .
- `` [ARG1 What *T*-14 matters is what advertisers are paying *T*-15 per page , and in that department we are doing fine this fall] , '' [rel said] *T*-1 [ARG0 Mr. Spoon] .
- [ARG0 Alan Spoon , recently named * Newsweek president ,] [rel said] [ARG1 0 Newsweek 's ad rates would increase 5 % in January] .
- [ARG0 Newsweek] [rel said] [ARG1 0 it will introduce the Circulation Credit Plan , which *T*-1 awards space credits *ICH*-2 to advertisers on `` renewal advertising] . ''
- [ARG0 Mr. Spoon] [rel said] [ARG1 0 the plan is not an attempt * to shore up a decline in ad pages in the first nine months of 1989] ; Newsweek 's ad pages totaled 1,620 , a drop of 3.2 % from last year , according to Publishers Information Bureau .
- [ARG0 New England Electric System] bowed out of the bidding for Public Service Co. of New Hampshire , *-1 [rel saying] [ARG1 that the risks were too high *RNR*-4 and the potential payoff too far in the future *RNR*-4 * to justify a higher offer] .
- [ARG0 Wilbur Ross Jr. of Rothschild Inc. , the financial adviser to the troubled company 's equity holders] , [rel said] [ARG1 0 the withdrawal of New England Electric might speed up the reorganization process] .
- [ARG0 Northeast] [rel said] [ARG1 0 it would refile its request and still hopes for an expedited review by the FERC so that it could complete the purchase by next summer if its bid is the one approved * by the bankruptcy court] .
- New England Electric , based * in Westborough , Mass. , had offered $ 2 billion *U* *ICH*-1 *-4 to acquire PS of New Hampshire , well below the $ 2.29 billion *U* value 0 United Illuminating places *T*-2 on its bid and the $ 2.25 billion *U* 0 [ARG0 Northeast] [rel says] [ARG1 0 its bid is worth *T*-3] .
- [ARG0 John Rowe , president *RNR*-1 and chief executive officer *RNR*-1 of New England Electric ,] [rel said] [ARG1 0 the company 's return on equity could suffer if it made a higher bid and its forecasts related * to PS of New Hampshire -- such as growth in electricity demand and improved operating efficiencies -- did n't come true] .
- [ARG1 No matter who *T*-16 owns PS of New Hampshire , after it emerges from bankruptcy proceedings its rates will be among the highest in the nation] , [ARG0 he] [rel said] 0 *T*-1 .
- The refund was about $ 55 million *U* more than * previously ordered *-1 by the Illinois Commerce Commission and [ARG0 trade groups] [rel said] [ARG1 0 it may be the largest ever required * of a state or local utility] .
- [ARGM-LOC In a disputed 1985 ruling] , [ARG0 the Commerce Commission] [rel said] [ARG1 0 Commonwealth Edison could raise its electricity rates by $ 49 million *U* *-1 to pay for the plant] .
- [ARG0 Judge Curry] ordered the refunds *-1 to begin Feb. 1 and [rel said] [ARG1 that he would n't entertain any appeals or other attempts * to block his order by Commonwealth Edison] .
- `` [ARG1 The refund pool ... may not be held *-1 hostage through another round of appeals] , '' [ARG0 Judge Curry] [rel said] *T*-2 .
- [ARG0 Commonwealth Edison] [rel said] [ARG1 0 it is already appealing the underlying commission order and is considering *-1 appealing Judge Curry 's order] .
- [ARG0 Commonwealth Edison] [rel said] [ARG1 0 the ruling could force it to slash its 1989 earnings by $ 1.55 *U* a share] .
- [ARG0 A Commonwealth Edison spokesman] [rel said] [ARG1 that * tracking down the two million customers whose addresses *T*-20 have changed during the past 3 1\/2 years would be `` an administrative nightmare] . ''
- [ARG1 Japan 's domestic sales of cars , trucks and buses in October rose 18 % from a year earlier to 500,004 units , a record for the month] , [ARG0 the Japan Automobile Dealers ' Association] [rel said] 0 *T*-1 .
- [ARG0 Texas Instruments Japan Ltd. , a unit of Texas Instruments Inc. ,] [rel said] [ARG1 0 it opened a plant *ICH*-3 in South Korea 0 *T*-2 to manufacture control devices] .
- [ARG1 The new plant , located * in Chinchon about 60 miles from Seoul , will help *-2 meet increasing and diversifying demand for control products in South Korea] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 It has *-2 to be considered *-21 as an additional risk for the investor] , '' [rel said] *T*-1 [ARG0 Gary P. Smaby of Smaby Group Inc. , Minneapolis] .
- `` [ARG1 Cray Computer will be a concept stock] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 The new company] [rel said] [ARG1 0 it believes 0 there are fewer than 100 potential customers for supercomputers priced * between $ 15 million and $ 30 million *U* -- presumably the Cray-3 price range] .
- [ARG0 The documents] [ARGM-DIS also] [rel said] [ARG1 that although the 64-year-old Mr. Cray has been working on the project for more than six years , the Cray-3 machine is at least another year away from a fully operational prototype] .
- [ARG0 Cray Computer , which *T*-26 currently employs 241 people ,] [rel said] [ARG1 0 it expects a work force of 450 by the end of 1990] .
- Moreover , there have been no orders for the Cray-3 so far , though [ARG0 the company] [rel says] [ARG1 0 it is talking with several prospects] .
- `` [ARG1 We did n't have much of a choice] , '' [ARG0 Cray Computer 's chief financial officer , Gregory Barnum ,] [rel said] *T*-1 [ARGM-LOC in an interview] .
- [ARG0 The documents] [ARGM-DIS also] [rel said] [ARG1 that Cray Computer anticipates *-1 needing perhaps another $ 120 million *U* in financing beginning next September] .
- [ARG1 Saudi Arabia , for its part , has vowed *-2 to enact a copyright law compatible with international standards and *-2 to apply the law to computer software as well as to literary works] , [ARG0 Mrs. Hills] [rel said] 0 *T*-1 .
- [ARG0 Gary Hoffman , a Washington lawyer specializing in intellectual-property cases ,] [rel said] [ARG1 0 the threat of U.S. retaliation , combined * with a growing recognition that * protecting intellectual property is in a country 's own interest , prompted the improvements made * by South Korea , Taiwan and Saudi Arabia] .
- `` [ARG1 What this tells us *T*-28 is that U.S. trade law is working] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 Mexico could be one of the next countries 0 *T*-1 to be removed *-2 from the priority list because of its efforts * to craft a new patent law] .
- [ARG0 Mrs. Hills] [rel said] [ARG1 that the U.S. is still concerned about `` disturbing developments in Turkey and continuing slow progress in Malaysia] . ''
- [ARG0 Mrs. Hills] [rel said] [ARG1 0 many of the 25 countries that she placed *T*-1 under varying degrees of scrutiny have made `` genuine progress '' on this touchy issue] .
- [ARG0 She] [rel said] [ARG1 0 there is `` growing realization *ICH*-1 '' around the world that denial of intellectual-property rights harms all trading nations , and particularly the `` creativity and inventiveness of an -LCB- offending -RCB- country 's own citizens] . ''
- [ARG1 Seoul also has instituted effective search-and-seizure procedures 0 * to aid these teams *T*-2] , [ARG0 she] [rel said] 0 *T*-1 .
- [ARG0 Argentina] [rel said] [ARG1 0 it will ask creditor banks *-1 to halve its foreign debt of $ 64 billion *U* -- the third-highest in the developing world] .
- `` [ARG1 Argentina aspires *-2 to reach a reduction of 50 % in the value of its external debt] , '' [ARG0 Mr. Rapanelli] [rel said] *T*-1 [ARGM-MNR through his spokesman , Miguel Alurralde] .
- [ARG0 Mr. Rapanelli] [ARGM-TMP recently] has [rel said] [ARG1 0 the government of President Carlos Menem , who *T*-29 took office July 8 , feels 0 a significant reduction of principal and interest is the only way 0 the debt problem may be solved *-31 *T*-1] .
- [ARGM-DIS But] [ARG0 he] has [ARGM-NEG not] [rel said] [ARGM-TMP before] [ARG1 that the country wants half the debt forgiven *-2] .
- [ARG0 F.H. Faulding & Co. , an Australian pharmaceuticals company ,] [rel said] [ARG1 0 its Moleculon Inc. affiliate acquired Kalipharma Inc. for $ 23 million *U*] .
- [ARG0 Faulding] [rel said] [ARG1 0 it owns 33 % of Moleculon 's voting stock and has an agreement * to acquire an additional 19 %] .
- [ARG0 Esso] [rel said] [ARG1 0 the Whiting field started production Tuesday] .
- [ARG0 Esso] [rel said] [ARG1 0 the fields were developed *-36 after the Australian government decided in 1987 *-2 to make the first 30 million barrels from new fields free of excise tax] .
- [ARG0 R.P. Scherer Corp.] [rel said] [ARG1 0 it completed the $ 10.2 million *U* sale of its Southern Optical subsidiary to a group led * by the unit 's president , Thomas R. Sloan , and other managers] .
- [ARG0 The White House] [rel said] [ARG1 0 President Bush has approved duty-free treatment for imports of certain types of watches that *T*-35 are n't produced *-1 in `` significant quantities '' in the U.S. , the Virgin Islands and other U.S. possessions] .
- [ARG0 The White House] [rel said] [ARG1 0 Mr. Bush decided *-1 to grant duty-free status for 18 categories , but turned down such treatment for other types of watches `` because of the potential for material injury to watch producers located * in the U.S. and the Virgin Islands] . ''
- [ARG0 U.S. trade officials] [rel said] [ARG1 0 the Philippines and Thailand would be the main beneficiaries of the president 's action] .
- [ARG1 Magna International Inc. 's chief financial officer , James McAlpine , resigned and its chairman , Frank Stronach , is stepping in *-1 to help turn the automotive-parts manufacturer around] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 Mr. Stronach will personally direct the restructuring , *-1 assisted *-2 by Manfred Gingl , president and chief executive] .
- [ARG0 Magna] [rel said] [ARG1 0 Mr. McAlpine resigned *-1 to pursue a consulting career , with Magna as one of his clients] .
- [ARG1 Mr. Stronach will direct an effort * to reduce overhead and curb capital spending `` until a more satisfactory level of profit is achieved and maintained *-1] , '' [ARG0 Magna] [rel said] 0 *T*-2 .
- [ARG0 Analysts] [rel said] [ARG1 0 Mr. Stronach wants *-1 to resume a more influential role in * running the company] .
- [ARG1 Japanese investors nearly single-handedly bought up two new mortgage securities-based mutual funds totaling $ 701 million *U*] , [ARG0 the U.S. Federal National Mortgage Association] [rel said] 0 *T*-1 .
- [ARG1 The purchases show the strong interest of Japanese investors in U.S. mortgage-based instruments] , [ARG0 Fannie Mae 's chairman , David O. Maxwell ,] [rel said] 0 *T*-1 [ARGM-LOC at a news conference] .
- [ARG0 He] [rel said] [ARG1 0 more than 90 % of the funds were placed *-40 with Japanese institutional investors] .
- [ARG0 LTV Corp.] [rel said] [ARG1 0 a federal bankruptcy court judge agreed *-1 to extend until March 8 , 1990 , the period in which the steel , aerospace and energy products company has the exclusive right * to file a reorganization plan *T*-2] .
- [ARG1 Japan 's reserves of gold , convertible foreign currencies , and special drawing rights fell by a hefty $ 1.82 billion *U* in October to $ 84.29 billion *U*] , [ARG0 the Finance Ministry] [rel said] 0 *T*-2 .
- `` [ARG1 People are looking *-1 to stake their claims '' now before the number of available nations runs out ,] [rel says] *T*-2 [ARG0 Michael Porter , an analyst at Smith Barney , Harris Upham & Co. , New York] .
- [ARG1 It 's probably worth * paying a premium for funds that *T*-42 invest in markets that *T*-43 are partially closed to foreign investors , such as South Korea] , [ARG0 some specialists] [rel say] 0 *T*-1 .
- `` [ARG1 I 'm very alarmed *-2 to see these rich valuations] , '' [rel says] *T*-1 [ARG0 Smith Barney 's Mr. Porter] .
- `` [ARG1 There may be an international viewpoint cast *-2 on the funds listed * here] , '' [ARG0 Mr. Porter] [rel says] *T*-1 .
- [ARGM-PNC For people who *T*-45 insist on *-5 jumping in now *-1 to buy the funds] , [ARG0 Newgate 's Mr. Foot] [rel says] : `` [ARG1 The only advice 0 I have *T*-2 for these folks is that those who *T*-3 come to the party late had better *-4 be ready *-4 to leave quickly] .
- [ARG1 The recent explosion of country funds] mirrors the `` closed-end fund mania '' of the 1920s , [ARG0 Mr. Foot] [rel says] 0 *T*-2 , when narrowly focused funds grew wildly popular *T*-1 .
- [ARG1 The U.S. and Soviet Union are holding technical talks about possible repayment by Moscow of $ 188 million *U* in pre-Communist Russian debts owed * to the U.S. government] , [ARG0 the State Department] [rel said] 0 *T*-2 .
- [ARGM-DIS However] , [ARGM-TMP after two meetings with the Soviets] , [ARG0 a State Department spokesman] [rel said] [ARG1 that it *EXP*-1 's `` too early * to say '' whether that will happen] .
- However , after two meetings with the Soviets , a State Department spokesman said that it *EXP*-1 's `` too early [ARG0 *] to [rel say] '' [ARG1 whether that will happen] .
- [ARGM-TMP Coincident with the talks] , [ARG0 the State Department] [rel said] [ARG1 0 it has permitted a Soviet bank to open a New York branch] .
- [ARGM-LOC In another reflection that the growth of the economy is leveling off] , [ARG0 the government] [rel said] [ARG1 that orders for manufactured goods and spending on construction failed *-1 to rise in September] .
- [ARG0 Kenneth Mayland , economist for Society Corp. , a Cleveland bank ,] [rel said] [ARG1 0 demand for exports of factory goods is beginning *-1 to taper off] .
- [ARGM-TMP Meanwhile] , [ARG0 the National Association of Purchasing Management] [rel said] [ARG1 0 its latest survey indicated that the manufacturing economy contracted in October for the sixth consecutive month] .
- [ARG0 Economists] [rel say] [ARG1 0 a buildup in inventories can provoke cutbacks in production that *T*-48 can lead to a recession] .
- But yesterday 's factory orders report had good news on that front : [ARG0 it] [rel said] [ARG1 0 factory inventories fell 0.1 % in September , the first decline since February 1987] .
- `` [ARG1 This conforms to the ` soft landing ' scenario] , '' [rel said] *T*-1 [ARG0 Elliott Platt , an economist at Donaldson , Lufkin & Jenrette Securities Corp] .
- [ARG0 The department] [rel said] [ARG1 0 orders for nondurable goods -- those intended * to last fewer than three years -- fell 0.3 % in September to $ 109.73 billion *U* after *-1 climbing 0.9 % the month before] .
- [ARGM-LOC In its construction spending report] , [ARG0 the Commerce Department] [rel said] [ARG1 0 residential construction , which *T*-50 accounts for nearly half of all construction spending , was off 0.9 % *ICH*-3 in September to an annual rate of $ 191.9 billion *U*] .
- [ARG1 Although the purchasing managers ' index continues *-1 to indicate a slowing economy , it is n't signaling an imminent recession] , [rel said] 0 *T*-2 [ARG0 Robert Bretz , chairman of the association 's survey committee and director of materials management at Pitney Bowes Inc. , Stamford , Conn] .
- [ARG0 He] [rel said] [ARG1 0 the index would have *-1 to be in the low 40 % range for several months *-1 to be considered *-55 a forecast of recession] .
- [ARGM-DIS And] [ARG0 8 % *ICH*-1] [rel said] [ARG1 0 export orders were down last month] , compared with 6 % the month before .
- [ARG0 The purchasing managers] , [ARGM-DIS however] , [ARGM-DIS also] [rel said] [ARG1 that orders turned up in October after four months of decline] .
- [ARGM-TMP For the fifth consecutive month] , [ARG0 purchasing managers] [rel said] [ARG1 0 prices for the goods 0 they purchased *T*-1 fell] .
- [ARG0 They] [ARGM-DIS also] [rel said] [ARG1 that vendors were delivering goods more quickly *ICH*-1 in October than they had *?* for each of the five previous months] .
- [ARG1 Factories booked $ 236.74 billion *U* in orders *ICH*-1 in September , nearly the same as the $ 236.79 billion *U* in August] , [ARG0 the Commerce Department] [rel said] 0 *T*-2 .
- It found that of the 73 % who *T*-51 import , [ARG0 10 % *T*-1] [rel said] [ARG1 0 they imported more in October] and 12 % *T*-1 said 0 they imported less than the previous month .
- It found that of the 73 % who *T*-51 import , 10 % *T*-1 said 0 they imported more in October and [ARG0 12 % *T*-1] [rel said] [ARG1 0 they imported less than the previous month] .
- [ARGM-TMP While *-1 acknowledging 0 one month 's figures do n't prove a trend] , [ARG0 Mr. Bretz] [rel said] , `` [ARG1 It does lead you to suspect 0 imports are going down , or at least not increasing that much] . ''
- [ARG0 He] [rel said] [ARG1 that for the second month in a row , food processors reported a shortage of nonfat dry milk] .
- [ARGM-LOC In a separate report] , [ARG0 the department] [rel said] [ARG1 0 construction spending ran at an annual rate of $ 415.6 billion *U* , not significantly different from the $ 415.8 billion *U* reported * for August] .
- [ARG1 Discos and private clubs are exempt from the ban , and smoking will be permitted *-60 in bars except during meal hours] , [ARG0 an official] [rel said] 0 *T*-1 .
- [ARG0 More than three in five] [rel said] [ARG1 0 they are under a great deal of stress most of the time , compared with less than one in two U.S. consumers and one in four in Japan] .
- [ARG1 Yasser Arafat has written to the chairman of the International Olympic Committee *-2 asking him *-3 to back a Palestinian bid * to join the committee] , [ARG0 the Palestine Liberation Organization news agency WAFA] [rel said] 0 *T*-1 .
- [ARG0 An official of the Palestinian Olympic Committee] [rel said] [ARG1 0 the committee first applied for membership in 1979 and renewed its application in August of this year] .
- [ARG1 A Beijing food-shop assistant has become the first mainland Chinese 0 *T*-2 to get AIDS through sex] , [ARG0 the People 's Daily] [rel said] 0 *T*-1 .
- [ARG0 It] [rel said] [ARG1 0 the man , whom it did not name *T*-63 , had been found *-1 to have the disease after hospital tests] .
- [ARG1 Once the disease was confirmed *-63 , all the man 's associates and family were tested *-64 , but none have so far been found *-1 to have AIDS] , [ARG0 the newspaper] [rel said] 0 *T*-2 .
- [ARG1 The man had for a long time had `` a chaotic sex life , '' including relations with foreign men] , [ARG0 the newspaper] [rel said] 0 *T*-1 .
- [ARG0 The official news agency PAP] [rel said] [ARG1 0 the increases were intended *-1 to bring unrealistically low energy charges into line with production costs and compensate for a rise in coal prices] .
- [ARG0 Mr. Nemeth] [rel said] [ARGM-LOC in parliament] [ARG1 that Czechoslovakia and Hungary would suffer environmental damage if the twin dams were built *-67 as * planned *-2] .
- [ARG0 Czechoslovakia] [rel said] [ARGM-TMP in May] [ARG1 0 it could seek $ 2 billion *U* from Hungary if the twindam contract were broken *-68] .
- [ARG1 After years of decline , weddings in France showed a 2.2 % upturn last year , with 6,000 more couples *ICH*-1 exchanging rings in 1988 than in the previous year] , [ARG0 the national statistics office] [rel said] 0 *T*-2 .
- That 's not [ARG0 *] to [rel say] [ARG1 that the nutty plot of `` A Wild Sheep Chase '' is rooted *-57 in reality] .
- [ARG0 BRAMALEA Ltd.] [rel said] [ARG1 0 it agreed *-1 to issue 100 million Canadian dollars -LRB- US$ 85.1 million *U* -RRB- of 10.5 % senior debentures due Nov. 30 , 1999 , together with 100,000 bond purchase warrants] .
- [ARG0 The Toronto-based real estate concern] [rel said] [ARG1 0 each bond warrant entitles the holder to buy C$ 1,000 *U* principal amount of debentures at par plus accrued interest to the date of purchase] .
- The issue will be swapped *-70 into fixed-rate U.S. dollars at [ARG1 a rate] 0 [ARG0 the company] [rel said] 0 *T*-1 is less than 9 % ; a spokesman declined *-2 to elaborate .
- [ARG0 Bramalea] [rel said] [ARG1 0 it expects *-1 to complete the issue by the end of the month] .
- [ARG0 I] [rel say] `` [ARG1 * contained dialogue] '' [ARGM-CAU because `` Sidewalk Stories '' is n't really silent at all] .
- [ARG0 Boeing Co.] [rel said] [ARG1 0 it is discussing plans *ICH*-1 with three of its regular Japanese suppliers * to possibly help *-2 build a larger version of its popular 767 twin-jet] .
- `` [ARG1 David Dinkins failed *-2 to file his income taxes for four straight years] , '' [rel says] *T*-1 [ARG0 a disembodied male voice] .
- [ARG1 `` Nasty innuendoes , ''] [rel says] *-2 [ARG0 John Siegal , Mr. Dinkins 's issues director ,] `` designed * *-1 to prosecute a case of political corruption that *T*-74 simply does n't exist . ''
- `` [ARG1 * Compare two candidates for mayor] , '' [rel says] *T*-1 [ARG0 the announcer] .
- `` [ARG0 One] [rel says] [ARG1 0 he 's for * banning cop-killer bullets] .
- `` [ARG1 Funny thing] , '' [rel says] *T*-1 [ARG0 the kicker] , `` both these candidates are named *-2 Rudolph Giuliani . ''
- [ARG1 And] , [rel says] 0 *T*-1 [ARG0 Mr. Dinkins] , he did n't know 0 the man 0 his campaign paid *T*-2 for a get-out-the-vote effort had been convicted *-3 of kidnapping .
- [ARG1 But] , [rel say] 0 *T*-1 [ARG0 Mr. Dinkins 's managers] , he did have an office and his organization did have members .
- [ARG0 Mr. Giuliani 's campaign chairman , Peter Powers ,] [rel says] [ARG1 0 the Dinkins ad is `` deceptive] . ''
- `` [ARG1 Now] , '' [rel says] *T*-1 [ARG0 Joseph Napolitan , a pioneer in political television] , `` the idea is * to attack first , last and always . ''
- [ARG0 That commercial] -- which *T*-76 [rel said] [ARG1 0 Mr. Coleman wanted *-1 to take away the right of abortion `` even in cases of rape and incest , '' a charge 0 Mr. Coleman denies *T*-2] -- changed the dynamics of the campaign , *-3 transforming it , at least in part , into a referendum on abortion .
- [ARG0 A voice] [rel says] , `` [ARG1 C'mon , now , do n't you have boyfriends ?] ''
- `` [ARG1 People have grown tired of these ads and Coleman has gotten the stigma of * being a negative campaigner] , '' [rel says] *T*-1 [ARG0 Mark Rozell , a political scientist at Mary Washington College] .
- `` Wilder has managed *-1 to get across the idea that [ARG0 Coleman] [ARGM-MOD will] [rel say] [ARG1 anything] [ARGM-PNC *-2 to get elected *-3 governor] and -- more important -- has been able *-1 to put the onus for all the negative campaigning on Coleman . ''
- [ARG0 Mr. Coleman] [rel said] [ARGM-TMP this week] [ARG1 that he would devote the remainder of the political season to positive campaigning] , but the truce lasted only hours .
- `` [ARG1 *-1 To get people 's attention these days] , '' [rel says] *T*-2 [ARG0 Douglas Bailey , a political consultant] , `` your TV ad needs *-1 to be bold and entertaining , and , more often than not , that means confrontational .
- `` [ARG1 * Remember Pinocchio] ? '' [rel says] *T*-1 [ARG0 a female voice] .
- [ARG0 Stephen Salmore , a political scientist at New Jersey 's Eagleton Institute ,] [rel says] [ARG1 0 it 's another example of an ad that *T*-1 's true but not fully accurate] .
- In 1966 , on route to a re-election rout of Democrat Frank O'Connor , [ARG0 GOP Gov. Nelson Rockefeller of New York] appeared in person *-1 [rel saying] , `` [ARG1 If you want *-2 to keep the crime rates high , O'Connor is your man] . ''
- [ARG1 These nations ' internal decisions `` will be made *-3 in a way 0 * not to offend their largest aid donor , largest private investor and largest lender *T*-1] , '' [rel says] 0 *T*-2 [ARG0 Richard Drobnick , director of the international business and research program at the University of Southern California 's Graduate School of Business] .
- [ARG1 But] , [ARG0 analysts] [rel say] 0 *T*-2 , Asian cooperation is n't likely *-1 to parallel the European Common Market approach .
- [ARG1 Rather , Japanese investment will spur integration of certain sectors] , [rel says] 0 *T*-1 [ARG0 Kent Calder , a specialist in East Asian economies at the Woodrow Wilson School for Public and Internatonal Affairs at Princeton University] .
- `` [ARG1 The effect will be * to pull Asia together not as a common market but as an integrated production zone] , '' [rel says] 0 *T*-1 [ARG0 Goldman Sachs 's Mr. Hormats] .
- `` [ARG1 In Asia , as in Europe , a new order is taking shape] , '' [ARG0 Mr. Baker] [rel said] 0 *T*-1 .
- [ARG1 The flow of Japanese funds has set in motion `` a process whereby these economies will be knitted *-1 together by the great Japanese investment machine *T*-2] , '' [rel says] 0 *T*-3 [ARG0 Robert Hormats , vice chairman of Goldman Sachs International Corp] .
- `` [ARG1 There 's an understanding *ICH*-1 on the part of the U.S. that Japan has *-2 to expand its functions '' in Asia] , [rel says] 0 *T*-3 [ARG0 J. Michael Farren , undersecretary of commerce for trade] .
- `` [ARG1 No one wants the U.S. to pick up its marbles and go home] , '' [ARG0 Mr. Hormats] [rel says] *T*-1 .
- `` [ARG1 They do n't want Japan to monopolize the region and sew it up] , '' [rel says] *T*-1 [ARG0 Chong-sik Lee , professor of East Asian politics at the University of Pennsylvania] .
- [ARG0 Mr. Watson] [rel says] [ARG1 0 Mrs. Yeargin never complained to school officials that the standardized test was unfair] .
- [ARG0 Mrs. Ward] [rel says] [ARG1 that when the cheating was discovered *-4 *T*-1 , she wanted *-2 to avoid the morale-damaging public disclosure that a trial would bring *T*-3] .
- [ARG0 She] [rel says] [ARG1 0 she offered Mrs. Yeargin a quiet resignation and thought 0 she could help *-1 save her teaching certificate] .
- `` [ARG0 She] [rel said] [ARG1 something like ` You just want *-1 to make it easy for the school] . '
- [ARG0 The show] did n't give the particulars of Mrs. Yeargin 's offense , *-1 [rel saying] [ARGM-ADV only] [ARG1 that she helped students do better on the test] .
- `` [ARG1 The message to the board of education out of all this is 0 we 've got *-1 to take a serious look at how we 're doing our curriculum and our testing policies *T*-2 in this state] , '' [rel said] *T*-3 [ARG0 the talk-show host] .
- [ARG0 Editorials in the Greenville newspaper] allowed that Mrs. Yeargin was wrong , but [ARGM-DIS also] [rel said] [ARG1 0 the case showed how testing was being overused *-2 *T*-1] .
- [ARG1 The radio show `` enraged us] , '' [rel says] *T*-1 [ARG0 Mrs. Ward] .
- `` [ARG1 It *EXP*-1 's hard * to explain to a 17-year-old why someone 0 they like *T*-2 had *-3 to go] , '' [rel says] *T*-4 [ARG0 Mrs. Ward] .
- `` [ARG1 She did a lot of harm] , '' [rel says] *T*-1 [ARG0 Cathryn Rice , who *T*-100 had discovered the crib notes] .
- [ARGM-DIS But] [ARG0 several teachers] [ARGM-DIS also] [rel say] [ARG1 0 the incident casts doubt on the wisdom of * evaluating teachers or schools by * using standardized test scores] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Gayle Key , a mathematics teacher ,] `` The incentive pay thing has opened up a can of worms .
- [ARG0 Mrs. Yeargin] [rel says] [ARG1 0 she pleaded guilty because she realized 0 it *EXP*-2 would no longer be possible *-1 to win reinstatement , and because she was afraid of further charges] .
- In her wake she left the bitterness and anger of a principal who *T*-81 was her friend and now calls her a betrayer ; of [ARG0 colleagues] who *T*-82 [rel say] [ARG1 0 she brought them shame] ; of students and parents who *T*-83 defended her and insist 0 she was treated *-1 harshly ; and of school-district officials stunned that despite the bald-faced nature of her actions , she became something of a local martyr .
- `` [ARG1 There is incredible pressure *ICH*-2 on school systems and teachers * to raise test scores] , '' [rel says] *T*-1 [ARG0 Walt Haney , an education professor and testing specialist at Boston College] .
- [ARG0 The group] [rel says] [ARG1 0 standardized achievement test scores are greatly inflated because teachers often `` teach the test '' as Mrs. Yeargin did *?* , although most are never caught *-1] .
- [ARG0 Experts] [rel say] [ARG1 0 there is n't another state in the country where tests mean as much as they do *?* in South Carolina *T*-1] .
- And [ARG0 South Carolina] [rel says] [ARG1 0 it is getting results] .
- [ARG0 Critics] [rel say] [ARG1 0 South Carolina is paying a price by * stressing improved test scores so much] .
- [rel Says] 0 [ARG1 *ICH*-3] [ARG0 the organization 's founder , John Cannell ,] * prosecuting Mrs. Yeargin is `` a way for 0 administrators to protect themselves *T*-4 and look like they take cheating seriously *T*-4 , when in fact they do n't take it seriously at all *T*-1 . ''
- [ARG0 Paul Sandifer , director of testing for the South Carolina department of education ,] [rel says] [ARG1 0 Mr. Cannell 's allegations of cheating `` are purely without foundation , '' and based on unfair inferences] .
- [ARGM-CAU Partly because of worries about potential abuse] , [ARGM-DIS however] , [ARG0 he] [rel says] [ARG1 0 the state will begin *-1 keeping closer track of achievement-test preparation booklets next spring] .
- `` [ARG1 It was full of violence and gangs and kids cutting class] , '' [rel says] *T*-1 [ARG0 Linda Ward , the school 's principal] .
- [ARG1 Academically] , [ARG0 Mrs. Ward] [rel says] 0 *T*-1 , the school was having trouble *-2 serving in harmony its two disparate , and evenly split , student groups : a privileged white elite from old monied neighborhoods and blacks , many of them poor , from run-down , inner city neighborhoods .
- `` [ARG1 * Being a teacher just became my life] , '' [rel says] *T*-1 [ARG0 the 37-year-old Mrs. Yeargin , a teacher for 12 years before her dismissal] . ``
- `` [ARG1 She was an inspirational lady ; she had it all together] , '' [rel says] *T*-1 [ARG0 Laura Dobson , a freshman at the University of South Carolina who *T*-90 had Mrs. Yeargin in the teacher-cadet class last year] .
- [ARG0 She] [rel says] [ARG1 that because of Mrs. Yeargin she gave up ambitions in architecture and is studying *-1 to become a teacher] .
- [ARG0 Mary Beth Marchand , a Greenville 11th grader ,] [ARGM-DIS also] [rel says] [ARG1 0 Mrs. Yeargin inspired her to go into education] .
- `` [ARG1 She taught us more in Western Civilization than I 've ever learned in other classes] , '' [rel says] *T*-2 [ARG0 Kelli Green , a Greenville senior] .
- `` [ARG1 She just never gave it up] , '' [rel says] *T*-1 [ARG0 Mary Marchand , Mary Beth 's mother] .
- [ARG0 Mrs. Ward] [rel says] [ARG1 0 she often defended her to colleagues who *T*-91 called her a grandstander] .
- [ARGM-DIS But] [ARG0 others at Greenville High] [rel say] [ARG1 0 she was eager *-1 to win -- if not for money , then for pride and recognition] .
- [ARG0 Mary Elizabeth Ariail , another social-studies teacher ,] [rel says] [ARG1 0 she believed 0 Mrs. Yeargin wanted *-1 to keep her standing high so she could get a new job that *T*-92 would n't demand good hearing] .
- [ARG1 Last March] , after *-1 attending a teaching seminar in Washington , [ARG0 Mrs. Yeargin] [rel says] 0 she returned to Greenville two days before annual testing *-2 feeling that she had n't prepared her low-ability geography students adequately .
- [ARG1 When test booklets were passed *-1 out 48 hours ahead of time *T*-2] , [ARG0 she] [rel says] 0 she copied questions in the social studies section and gave the answers to students .
- `` [ARG1 I was trying *-1 to help kids in an unfair testing situation] , '' [ARG0 she] [rel says] *T*-2 .
- [ARG0 Mrs. Yeargin] [rel says] [ARG1 that she also wanted *-1 to help *-2 lift Greenville High School 's overall test scores , usually near the bottom of 14 district high schools in rankings carried * annually by local newspapers] .
- [ARG1 Mostly] , [ARG0 she] [rel says] 0 *T*-1 , she wanted *-2 to prevent the damage to self-esteem that her low-ability students would suffer *T*-3 from * doing badly on the test .
- `` [ARG1 My teacher said 0 it *EXP*-1 was OK for me to use the notes on the test] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 These kids broke my heart] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG0 My teacher] [rel said] [ARG1 0 it *EXP*-1 was OK for me to use the notes on the test] , '' he said *T*-2 .
- [ARG0 School officials and prosecutors] [rel say] [ARG1 0 Mrs. Yeargin is lying] .
- They found [ARG0 students] in an advanced class a year earlier who *T*-95 [rel said] [ARG1 0 she gave them similar help] , although because the case was n't tried in court , this evidence was never presented *-1 publicly .
- `` [ARG1 That pretty much defeats any inkling that she was out *-1 to help the poor underprivileged child] , '' [rel says] [ARG0 Joe Watson , the prosecutor in the case , who *T*-96 is also president of Greenville High School 's alumni association] .
- `` [ARG1 If I took -LCB- these preparation booklets -RCB- into my classroom , I 'd have a hard time *-1 justifying to my students and parents that it was n't cheating] , '' [rel says] *T*-2 [ARG0 John Kaminski , a Traverse City , Mich. , teacher who *T*-103 has studied test coaching] .
- [ARG0 He and other critics] [rel say] [ARG1 0 such coaching aids can defeat the purpose of standardized tests , which *T*-104 is * to gauge learning progress] .
- `` It 's as if France decided *-1 to give only French history questions to students in a European history class , and when everybody aces the test *T*-3 , [ARG0 they] [rel say] [ARG1 0 their kids are good in European history] , '' says *T*-2 John Cannell , an Albuquerque , N.M. , psychiatrist and founder of an educational research organization , Friends for Education , which *T*-105 has studied standardized testing .
- `` [ARG1 It 's as if France decided *-1 to give only French history questions to students in a European history class , and when everybody aces the test *T*-3 , they say 0 their kids are good in European history] , '' [rel says] *T*-2 [ARG0 John Cannell , an Albuquerque , N.M. , psychiatrist and founder of an educational research organization , Friends for Education , which *T*-105 has studied standardized testing] .
- [ARGM-LOC In Arizona , California , Florida , Louisiana , Maryland , New Jersey , South Carolina and Texas] , [ARG0 educators] [rel say] [ARG1 0 they are common classroom tools] .
- [ARG0 Macmillan\/McGraw] [rel says] [ARG1 0 `` well over 10 million '' of its Scoring High test-preparation books have been sold *-1 since their introduction 10 years ago , with most sales in the last five years] .
- [ARG0 Michael Kean , director of marketing for CTB Macmillan\/McGraw , the Macmillan\/McGraw division that *T*-106 publishes Learning Materials ,] [rel says] [ARG1 0 it is n't aimed *-1 at * improving test scores] .
- [ARGM-TMP When * referred *-2 to the questions that *T*-107 matched *T*-1] , [ARG0 he] [rel said] [ARG1 0 it was coincidental] .
- [ARG1 Because many of these subskills -- the symmetry of geometrical figures , metric measurement of volume , or pie and bar graphs , for example -- are only a small part of the total fifth-grade curriculum] , [ARG0 Mr. Kaminski] [rel says] 0 *T*-1 , the preparation kits would n't replicate too many , if their real intent was general instruction or even general familiarization with test procedures .
- [ARG0 Rick Brownell , senior editor of Scoring High ,] [rel says] [ARG1 that Messrs. Kaminski and Mehrens are ignoring `` the need 0 students have *T*-1 for * becoming familiar with tests and testing format] . ''
- [ARG0 He] [rel said] [ARG1 0 authors of Scoring High `` scrupulously avoid '' *-1 replicating exact questions] , but he does n't deny that some items are similar .
- [ARGM-LOC In a 1985 advisory to educators] , [ARG0 McGraw-Hill] [rel said] [ARG1 0 Scoring High should n't be used *-1 because it represented a `` parallel form '' of the CAT and CTBS tests] .
- [ARG0 Messrs. Brownell and Kean] [rel say] [ARG1 0 they are unaware of any efforts *ICH*-1 by McGraw-Hill * to modify or discontinue Scoring High] .
- [ARG1 Close parallels between tests and practice tests are common] , [ARG0 some educators and researchers] [rel say] 0 *T*-1 .
- But some practice products are so similar to the tests themselves that [ARG0 critics] [rel say] [ARG1 0 they represent a form of school-sponsored cheating] .
- [ARG0 Alleghany Corp.] [rel said] [ARG1 0 it completed the acquisition of Sacramento Savings & Loan Association from the H.N. & Frances C. Berger Foundation for $ 150 million *U*] .
- `` [ARG1 When scientific progress moves into uncharted ground *T*-1 , there has *-3 to be a role *ICH*-4 for society * to make judgments about its applications] , '' [rel says] *T*-2 [ARG0 Myron Genel , associate dean of the Yale Medical School] .
- `` [ARG1 The unavailability of federal funds , and the climate in which the decision was made *-2 *T*-1 , certainly do n't provide any incentive for one of the more visible foundations to provide support] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG0 James Mason , assistant secretary for health ,] [rel said] [ARG1 0 the ban on federal funding of fetal-tissue transplant research `` should be continued *-1 indefinitely] . ''
- [ARG0 He] [rel said] [ARG1 0 the ban wo n't stop privately funded tissue-transplant research or federally funded fetal-tissue research that *T*-111 does n't involve transplants] .
- [ARG0 Department officials] [rel say] [ARG1 that HHS Secretary Louis Sullivan will support Dr. Mason 's ruling , which *T*-112 will be issued *-1 soon in the form of a letter to the acting director of the National Institutes of Health] .
- [ARG1 The stocks of banking concerns based * in Massachusetts] were n't helped *-1 much by the announcement , [ARG0 traders] [rel said] 0 *T*-2 , because many of those concerns have financial problems tied * to their real-estate loan portfolios , * making them unattractive takeover targets .
- `` [ARG1 A lot of the stocks that *T*-117 have been under water finally saw a reason 0 * to uptick *T*-1] , '' [rel said] *T*-2 [ARG0 George Jennison , head trader of banking issues in Shearson Lehman Hutton 's OTC department] .
- [ARG0 Ed Macheski , a Wilton , Conn. , money manager who *T*-120 follows bank stocks ,] [rel said] [ARG1 0 the announcement effectively gives the deal `` the green light] . ''
- [ARG0 Mr. Jennison] [rel said] [ARG1 0 Northeast Bancorp also fared well because takeover stocks have returned to favor among investors] .
- [ARG0 Dan E. Nelms , Valley Federal 's president and chief executive officer ,] [rel said] [ARG1 0 the one-time charge substantially eliminates future losses associated * with the unit] .
- [ARG0 He] [rel said] [ARG1 0 the company 's core business remains strong] .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 that after the charges , and *-1 `` assuming no dramatic fluctuation in interest rates , the company expects *-1 to achieve near-record earnings in 1990] . ''
- [ARG0 The two concerns] [rel said] [ARG1 0 they entered into a definitive merger agreement under which Ratners will begin a tender offer for all of Weisfield 's common shares for $ 57.50 *U* each *T*-1] .
- [ARG0 The restaurant operator] [rel said] [ARG1 0 it has redeemed its rights issued * Monday under its shareholder rights plan] .
- [ARG0 The fast-food company] [rel said] [ARG1 0 its decision was based *-1 on discussions with a shareholder group , Giant Group Ltd. , `` in an effort * to resolve certain disputes with the company] . ''
- [ARG0 The Huntsville , Ala. , electronic products maker] [rel said] [ARG1 0 it expects *-1 to post a `` significant '' loss for its fiscal first quarter ended Sept. 30] .
- The bank stocks got a boost when [ARG0 Connecticut Bank & Trust and Bank of New England] [rel said] [ARG1 0 they no longer oppose pending legislation that *T*-1 would permit banks from other regions to merge with Connecticut and Massachusetts banks] *T*-2 .
- [ARG0 Mr. Sonnett] [rel said] [ARG1 that clients who *T*-130 pay cash may include alleged drug dealers who *T*-131 do n't have domestic bank accounts] .
- [ARG0 Mr. Sonnett] [rel said] [ARG1 0 there also may be other circumstances under which individuals would n't want the government to know 0 they had retained criminal defense lawyers *T*-1] .
- [ARG1 * Filling out detailed forms about these individuals would tip the IRS off and spark action against the clients] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Michael Ross , a New York lawyer who *T*-132 heads the ABA 's grand jury committee ,] [rel said] [ARG1 that lawyers are prohibited *-1 by the ABA 's code of ethics from *-1 disclosing information about a client except where a court orders it *T*-3 or *-1 to prevent the client from *-4 committing a criminal act that *T*-2 could result in death] .
- [ARG0 Mr. Ross] [rel said] [ARG1 0 he met with officials of the IRS and the Justice Department , which *T*-133 would bring any enforcement actions against taxpayers , *-1 to discuss the issue last May] .
- [ARG0 Mr. Ross] [rel said] [ARG1 0 IRS officials opposed the Justice Department 's moderate stance on the matter] .
- A spokesman for the IRS confirmed that `` there has been correspondence mailed * about incomplete 8300s , '' but [ARG0 he] declined *-1 to [rel say] [ARG1 why the letters were sent *-2 to lawyers now] .
- [ARG0 Individuals familiar with the Justice Department 's policy] [rel said] [ARG1 that Justice officials had n't any knowledge of the IRS 's actions in the last week] .
- On Tuesday , [ARG0 the judge] called a news conference *-1 to [rel say] [ARG1 0 he was quitting * effective Dec. 31 *-2 to join a San Francisco law firm] .
- [ARG0 Judge Ramirez , 44 ,] [rel said] [ARG1 0 it *EXP*-3 is unjust for judges to make what they do *?* *T*-2] .
- [ARG0 The judge] declined *-1 to discuss his salary in detail , but [rel said] : `` [ARG1 I 'm going *-2 to be a high-priced lawyer] . ''
- [ARGM-LOC In his lawsuit] , [ARG0 Mr. Trudeau] [rel says] [ARG1 0 the strike illegally included Darkhorse , and the cartoonist refused *-1 to honor the strike against the company] .
- [ARG0 A spokesman for the guild] [rel said] [ARG1 0 the union 's lawyers are reviewing the suit] .
- [ARG0 He] [rel said] [ARG1 0 disciplinary proceedings are confidential] and declined *-1 to comment on whether any are being held *-2 against Mr. Trudeau .
- [ARG0 Mr. Trudeau 's attorney , Norman K. Samnick ,] [rel said] [ARG1 0 the harassment consists mainly of the guild 's year-long threats of disciplinary action] .
- [ARG0 Mr. Samnick] [rel said] [ARG1 0 a guild disciplinary hearing is scheduled *-1 next Monday in New York] .
- [ARG0 Mr. Samnick , who *T*-135 will go before the disciplinary panel ,] [rel said] [ARG1 0 the proceedings are unfair and that any punishment from the guild would be unjustified] .
- [ARG0 The judge] was quoted *-1 as *-4 referring to the victims as `` queers '' and *-4 [rel saying] [ARG1 0 they would n't have been killed *-2 `` if they had n't been cruising the streets *-3 picking up teenage boys] . ''
- [ARGM-DIS But] [ARG0 Robert R. Murray , a special master appointed * by the Texas Supreme Court ,] [rel said] [ARG1 0 Judge Hampton did n't breach any judicial standards of fairness , although he did violate the state 's judicial code by *-1 commenting publicly on a pending case] .
- [ARG0 Mr. Murray] [ARGM-DIS also] [rel said] [ARG1 0 Judge Hampton 's comments did n't discredit the judiciary or the administration of justice] .
- `` [ARG1 This form forces a lawyer to become , in effect , a witness against his client] , '' [rel said] *T*-1 [ARG0 Neal R. Sonnett , president of the National Association of Criminal Defense Lawyers] .
- [ARG0 Cooper Tire & Rubber Co.] [rel said] [ARG1 0 it has reached an agreement *ICH*-1 in principle * to buy buildings and related property in Albany , Ga. , from Bridgestone\/Firestone Inc] .
- [ARG0 The tire maker] [rel said] [ARG1 0 the buildings consist of 1.8 million square feet of office , manufacturing and warehousing space on 353 acres of land] .
- [ARG0 Japan 's Fair Trade Commission] has [rel said] [ARG1 0 it is considering *-1 investigating the bids for possible antitrust-law violations] .
- NEC released [ARG0 a statement] [rel saying] , `` [ARG1 We feel sorry for *-1 having caused trouble to society] , '' a form of apology common in Japan for companies caught * in embarrassing situations .
- [ARG0 Fujitsu] [rel said] [ARG1 0 it bid the equivalent of less than a U.S. penny on three separate municipal contracts during the past two years] .
- [ARGM-ADV *-1 Asked *-2 whether the bidding flap would hurt U.S.-Japan relations] , [ARG0 Mr. Yamamoto] [rel said] , `` [ARG1 this will be a minus factor] . ''
- [ARGM-DIS Then] [ARGM-TMP Wednesday] , [ARG0 Fujitsu] [rel said] [ARG1 0 it made a similar bid *-1 to win a library contract in Nagano prefecture two weeks earlier] .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 that in July , it bid 10,000 yen *-2 to design a system for the Saitama prefectural library , and two years ago , it bid one yen *-1 to plan the telecommunications system for Wakayama prefecture] .
- [ARG0 The company] [rel said] [ARG1 0 it has offered *-1 to withdraw its bids in Hiroshima and Nagano] .
- [ARG0 The municipalities] [rel said] [ARG1 0 they have n't decided whether *-1 to try *-2 to force the company to go through with the contracts] .
- [ARG0 Fujitsu and NEC] [rel said] [ARG1 0 they were still investigating , and that knowledge of more such bids could emerge] .
- [ARG0 Other major Japanese computer companies contacted * yesterday] [rel said] [ARG1 0 they have never made such bids] .
- `` [ARG1 One yen is not ethical] , '' [ARG0 Michio Sasaki , an official at Keidanren , the Japan Federation of Economic Organizations ,] [rel said] *T*-1 .
- [ARG0 NEC , one of its largest domestic competitors ,] [rel said] [ARG1 0 it bid one yen in two separate public auctions since 1987] .
- `` [ARG1 These cases lead to the loss of the firms ' social and international credibility] , '' [ARG0 a ministry statement] [rel said] *T*-1 .
- [ARG0 Michaels Stores Inc. , which *T*-142 owns and operates a chain of specialty retail stores ,] [rel said] [ARG1 0 October sales rose 14.6 % to $ 32.8 million *U* from $ 28.6 million *U* a year earlier] .
- [ARG0 Furukawa Co. of Japan] [rel said] [ARG1 0 it will acquire two construction machinery plants and a sales unit in France formerly belonging to Dresser Industries Inc. of the U.S.] .
- [ARG0 The company] [rel said] [ARG1 0 it made the purchase in order *-1 to locally produce hydraulically operated shovels] .
- [ARG0 Furukawa] [rel said] [ARG1 0 the purchase of the French and German plants together will total about 40 billion yen -LRB- $ 280 million *U* -RRB-] .
- [ARG0 Structural Dynamics Research Corp. , which *T*-143 makes computer-aided engineering software ,] [rel said] [ARG1 0 it introduced new technology in mechanical design automation that *T*-144 will improve mechanical engineering productivity] .
- [ARGM-ADV * Related to that decision] , [ARG0 the company] [rel said] [ARG1 0 it was converting its Santa Clara , Calif. , factory to a research and development facility] .
- `` [ARG1 This is a company that *T*-146 has invested in capacity additions more aggressively than any other company in the industry and now the industry is growing more slowly and they are suddenly poorly positioned] , '' [rel said] *T*-2 [ARG0 Michael Stark , chip analyst at Robertson , Stephens & Co] .
- [ARGM-TMP In September] , [ARG0 the custom-chip maker] [rel said] [ARG1 0 excess capacity and lagging billings would result in an estimated $ 2 million to $ 3 million *U* net loss for the third quarter] .
- [ARGM-DIS But] [ARG0 company officials] [rel said] [ARGM-TMP yesterday] [ARG1 that they decided *-2 to take a $ 43 million *U* pretax charge for the period *-3 to cover a restructuring of world-wide manufacturing operations] , [ARGM-ADV *-4 citing extended weakness in the market as well as a decision * to switch to more economical production techniques] .
- `` [ARG1 Over the summer months , there has been a slowing in the rate of new orders from the computer sector , our primary market] , '' [rel said] *T*-1 [ARG0 Wilfred J. Corrigan , chairman and chief executive officer] .
- [ARGM-CAU As a result] , [ARG0 the company] [rel said] [ARG1 0 it decided *-1 to phase out its oldest capacity and `` make appropriate reductions '' in operating expenses] .
- [ARGM-ADV *-1 Not counting the extraordinary charge] , [ARG0 the company] [rel said] [ARG1 0 it would have had a net loss of $ 3.1 million *U* , or seven cents a share] .
- [ARGM-TMP Meanwhile] , [ARG0 traders in Tokyo] [rel say] [ARG1 that the prospect of lower U.S. interest rates has spurred dollar buying by Japanese institutions] .
- [ARG0 Dealers] [rel said] [ARG1 0 the dollar merely drifted lower following the release Wednesday of the U.S. purchasing managers ' report] .
- [ARG0 Some dealers] [rel said] [ARG1 0 the dollar was pressured *-1 slightly because a number of market participants had boosted their expectations in the past day and were looking for an index above 50 , which *T*-148 indicates an expanding manufacturing economy] .
- [ARGM-DIS But] [ARG0 most] [rel said] [ARG1 0 the index had no more than a minimal effect on trade] .
- [ARGM-TMP At the same time] , [ARG0 dealers] [rel said] [ARG1 0 the U.S. unit has been locked *-1 into a relatively narrow range in recent weeks , in part because the hefty Japanese demand for dollars has been offset *-2 by the mark 's strength , * resulting in a stalemate] .
- `` [ARG1 Dollar-yen -LCB- trade -RCB- is the driving force in the market] , '' [rel said] *T*-1 [ARG0 Tom Trettien , a vice president with Banque Paribas in New York] , `` but I 'm not convinced *-2 0 it will continue .
- [ARG0 One station manager] [rel says] [ARG1 0 he believes 0 Viacom 's move is a `` pre-emptive strike '' because the company is worried that `` Cosby '' ratings will continue *-1 to drop in syndication over the next few years] .
- [ARG0 Mr. Gillespie at Viacom] [rel says] [ARG1 0 the ratings are rising] .
- [ARGM-DIS And] [ARG0 executives at stations in such major markets as Washington ; Providence , R.I. ; Cleveland ; Raleigh , N.C. ; Minneapolis , and Louisville , Ky. ,] [rel say] [ARG1 0 they may very well not renew `` Cosby] . ''
- [ARG0 Dick Lobo , the general manager of WTVJ , the NBC-owned station in Miami] [ARGM-DIS , for example ,] [rel says] [ARG1 0 the show has `` been a major disappointment to us] . ''
- [ARG0 Neil Kuvin , the general manager of WHAS , the CBS affiliate in Louisville ,] [rel says] [ARG1 0 `` Cosby '' gets the station 's highest ratings and 0 he 's `` pleased *-1] . ''
- But the ratings are considerably below expectations , and [ARG0 some stations] [rel say] [ARG1 0 they may not buy new episodes when their current contracts expire *T*-1] .
- Meanwhile , stations are fuming because , [ARG0 many of them] [rel say] [ARG1 0 *T*-1] , the show 's distributor , Viacom Inc. , is giving an ultimatum : * Either sign new long-term commitments * to buy future episodes or risk *-2 losing `` Cosby '' to a competitor .
- `` [ARG1 We 're willing *-2 to negotiate] , '' [rel says] *T*-1 [ARG0 Dennis Gillespie , executive vice president of marketing] .
- [ARG1 But] , [rel says] 0 *T*-1 [ARG0 the general manager of a network affiliate in the Midwest] , `` I think 0 if I tell them 0 I need more time , they 'll take ` Cosby ' across the street , ''
- [ARG0 David Wu , the company 's representative in Taiwan ,] [rel said] [ARG1 0 Atlanta-based Life of Georgia will sell conventional life-insurance products] .
- [ARG0 He] [rel says] [ARG1 0 Campbell was n't even contacted *-1 by the magazine for the opportunity * to comment] .
- [ARG1 Modifications *ICH*-3] had been made *-80 to the Souper Combo product at the time 0 the issue was printed *-81 *T*-1 , [ARG0 he] [rel says] 0 *T*-2 , *-80 making it less an offender than * was portrayed *-4 .
- `` [ARG1 You really need the Campbell Soups of the world to be interested in your magazine if you 're going *-1 to make a run of it] , '' [rel says] *T*-2 [ARG0 Mike White , senior vice president and media director at DDB Needham , Chicago] .
- [ARG0 A Waste Management spokeswoman] [rel says] [ARG1 0 its ad in the premiere issue was a one-time purchase , and 0 it does n't have any plans * to advertise in future issues] .
- `` [ARG1 We do n't spend much on print advertising] , '' [ARG0 she] [rel says] *T*-1 .
- [ARG1 The first and second issues sold out on newsstands] , [ARG0 she] [rel says] 0 *T*-1 , and the magazine has orders for 93,000 subscriptions .
- [ARG1 I 'm not saying 0 advertising revenue is n't important] , '' [ARG0 she] [rel says] 0 *T*-1 , `` but I could n't sleep at night '' if the magazine bowed to a company because they once took out an ad .
- [ARG0 I] 'm [ARGM-NEG not] [rel saying] [ARG1 0 advertising revenue is n't important] , '' she says 0 *T*-1 , `` but I could n't sleep at night '' if the magazine bowed to a company because they once took out an ad .
- [ARG0 Interpublic Group] [rel said] [ARG1 0 its television programming operations -- which it expanded *T*-1 earlier this year -- agreed *-2 to supply more than 4,000 hours of original programming across Europe in 1990] .
- [ARG0 It] [rel said] [ARG1 0 the programs , largely game shows , will be provided *-84 by its E.C. Television unit along with Fremantle International , a producer and distributor of game shows of which it recently bought 49 % *T*-1] .
- [ARG0 It] [rel said] [ARG1 0 that volume makes it the largest supplier of original TV programming in Europe] .
- [ARG0 Young & Rubicam] [rel said] [ARG1 0 it completed its acquisition of Landor Associates , a San Francisco identity-management firm] .
- [ARG0 Sea Containers Ltd.] [rel said] [ARG1 0 it might increase the price of its $ 70-a-share *U* buy-back plan if *-2 pressed *-1 by Temple Holdings Ltd. , which *T*-156 made an earlier tender offer for Sea Containers] .
- [ARG0 Sea Containers , a Hamilton , Bermuda-based shipping concern ,] [rel said] [ARGM-TMP Tuesday] [ARG1 that it would sell $ 1.1 billion *U* of assets and use some of the proceeds *-2 to buy about 50 % of its common shares for $ 70 *U* apiece] .
- [ARG1 The lower figures] , [ARG0 the spokesman] [rel said] 0 *T*-1 , would stem from preferred shares being converted *-88 to common stock and the possibility that Sea Containers ' subsidiaries might be required *-2 to place their shares in the open market .
- [ARG0 Temple] [ARGM-DIS also] [rel said] [ARG1 0 Sea Containers ' plan raises `` numerous legal , regulatory , financial and fairness issues , ''] but did n't elaborate .
- [ARG0 Mr. Sherwood] [rel said] [ARG1 0 reaction to Sea Containers ' proposal has been `` very positive] . ''
- [ARGM-TMP Yesterday] , [ARG0 Sea Containers ' chief executive officer , James Sherwood ,] [rel said] [ARGM-LOC in an interview] [ARG1 that , under the asset-sale plan , Sea Containers would end up with a cash surplus of approximately $ 620 million *U*] .
- [ARG1 About $ 490 million *U* of that would be allocated *-87 to the buy-back , * leaving about $ 130 million *U*] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 That $ 130 million *U*] , [ARG0 Mr. Sherwood] [rel said] 0 *T*-1 , `` gives us some flexibility in case Temple raises its bid .
- '' [ARG0 He] declined *-2 to [rel say] [ARGM-DIS , however ,] [ARG1 how much Sea Containers might raise its price *T*-1] .
- `` [ARG1 But now , there seems *-2 to be a fairly systematic effort * to address the problem] , '' [rel said] *T*-1 [ARG0 Chuck Hurley , vice president of communications for the Insurance Institute for Highway Safety] .
- `` [ARG1 We could prevent many of these fatalities with minimum roof-crush standards] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-LOC In Detroit] , [ARG0 a Chrysler Corp. official] [rel said] [ARG1 0 the company currently has no rear-seat lap and shoulder belts in its light trucks , but plans *-1 to begin *-2 phasing them in by the end of the 1990 model year] .
- [ARG0 He] [rel said] [ARG1 0 Chrysler fully expects *-1 to have them installed *-2 across its light-truck line by the Sept. 1 , 1991 , deadline] .
- [ARG0 Chrysler] [rel said] [ARG1 0 its trucks and vans already meet the roof-crush resistance standard for cars] .
- [ARG0 John Leinonen , executive engineer of Ford Motor Co. 's auto-safety office ,] [rel said] [ARG1 0 Ford trucks have met car standards for roof-crush resistance since 1982] .
- [ARG0 Mr. Leinonen] [rel said] [ARG1 0 he expects Ford to meet the deadline easily] .
- `` [ARG1 Today 's action] , '' [ARG0 Transportation Secretary Samuel Skinner] [rel said] *T*-1 , `` represents another milestone in the ongoing program 0 *T*-2 to promote vehicle occupant safety in light trucks and minivans through its extension of passenger car standards . ''
- [ARGM-TMP In September] , [ARG0 the department] had [rel said] [ARG1 0 it will require trucks and minivans to be equipped *-90 with the same front-seat headrests that *T*-1 have long been required *-91 on passenger cars] .
- The Big Three auto makers said 0 the rule changes were n't surprising because [ARG0 Bush administration officials] have [ARGM-TMP long] [rel said] [ARG1 0 they planned *-1 to impose car safety standards on light trucks and vans] .
- [ARG0 The Big Three auto makers] [rel said] [ARG1 0 the rule changes were n't surprising because Bush administration officials have long said 0 they planned *-1 to impose car safety standards on light trucks and vans] .
- [ARG0 They] [rel say] [ARG1 that many vehicles classed * as commercial light trucks actually carry more people than cargo and therefore should have the same safety features as cars] .
- [ARG0 Consolidated Rail Corp.] [rel said] [ARG1 0 it would spend more than $ 30 million *U* on 1,000 enclosed railcars for * transporting autos] .
- [ARG0 Bank of New England Corp.] [rel said] [ARG1 0 it has held talks with potential merger partners outside New England] , [ARGM-ADV although it added that nothing is imminent and it has n't received any formal offers] .
- [ARG0 The company] [ARGM-TMP recently] [rel said] [ARG1 0 it would sell some operations and lay off 4 % of its work force , altogether *-1 reducing employment to less than 16,000 from about 18,000] .
- The discussions were disclosed *-93 as [ARG0 the bank holding company] [rel said] [ARG1 that it has dropped its longstanding opposition to full interstate banking bills in Connecticut and in Massachusetts] .
- [ARG0 A bank spokeswoman] also declined *-1 to comment on any merger-related matters , but [rel said] [ARG1 0 the company decided *-2 to drop its opposition to the interstate banking legislation because `` prevailing sentiment is in favor of passage] . ''
- [ARG0 The Kearny , N.J.-based maker of hair accessories and other cosmetic products] [rel said] [ARG1 0 it cut the dividend due to its third-quarter loss of $ 992,000 *U* , or 15 cents a share] .
- [ARG0 Rally 's Inc.] [rel said] [ARG1 0 it has redeemed its rights outstanding issued * Monday in its shareholder rights plan] .
- [ARG0 The company] [rel said] [ARG1 0 holders of stock of record Nov. 10 will receive 1\/10th of one cent a share as the redemption payment] .
- [ARG0 The fast-food company] [rel said] [ARG1 0 its decision was based *-1 upon discussions with a shareholder group , Giant Group Ltd. , `` in an effort * to resolve certain disputes with the company] . ''
- `` [ARG1 There are certain cult wines that *T*-163 can command these higher prices] , '' [rel says] *T*-1 [ARG0 Larry Shapiro of Marty 's , one of the largest wine shops in Dallas] .
- `` [ARG1 We thought 0 it was awfully expensive] , '' [rel said] *T*-2 [ARG0 Sterling Pratt , wine director at Schaefer 's in Skokie , Ill. , one of the top stores in suburban Chicago] , `` but there are people out there with very different opinions of value .
- `` [ARG1 There may be sticker-shock reaction initially] , '' [rel said] *T*-2 [ARG0 Mr. Pratt] , `` but as the wine is talked about *-1 and starts *-1 to sell , they eventually get excited and decide 0 it 's worth the astronomical price *-3 to add it to their collection . ''
- `` [ARG1 They wo n't buy if the quality is not there] , '' [rel said] *T*-1 [ARG0 Cedric Martin of Martin Wine Cellar in New Orleans] .
- [ARG1 And] in the Chicago district , [ARG0 the report] [rel said] 0 *T*-1 , `` a manufacturer of capital goods noted slower orders for some types , including defense equipment , petroleum equipment , food packaging machinery and material handling equipment . ''
- [ARG0 Mr. Black] [rel said] [ARG1 0 he is `` pleased '' with the economy 's recent performance , and does n't see `` a lot of excesses *ICH*-1 out there that *T*-3 would tilt us into recession] . ''
- `` [ARG1 The economy is clearly slowing] , '' [rel says] *T*-1 [ARG0 Robert Black , president of the Richmond Federal Reserve Bank] .
- [ARGM-DIS Nevertheless] , [ARG0 both Mr. Guffey and Mr. Black] [rel say] [ARG1 0 the slowdown so far is no cause for concern] .
- `` [ARG1 We 're coming closer to * achieving the stated objective of * slowing the economy to a point where hopefully some downward trend in prices will occur *T*-1] , '' [rel said] [ARG0 Mr. Guffey] .
- `` [ARG1 I think 0 the market had been expecting the Fed to ease sooner and a little more than it has *?* to date] , '' [rel said] *T*-1 [ARG0 Robert Johnson , vice president of global markets for Bankers Trust Co] .
- [ARG0 Integra-A Hotel & Restaurant Co.] [rel said] [ARG1 0 its planned rights offering 0 *T*-1 to raise about $ 9 million *U* was declared *-103 effective] and the company will begin *-2 mailing materials to shareholders at the end of this week .
- [ARG0 Integra , which *T*-174 owns and operates hotels ,] [rel said] [ARG1 that Hallwood Group Inc. has agreed *-1 to exercise any rights that *T*-175 are n't exercised *-2 by other shareholders] .
- [ARG0 Copperweld Corp. , a specialty steelmaker ,] [rel said] [ARG1 0 445 workers at a plant in Shelby , Ohio , began a strike after the United Steelworkers Local 3057 rejected a new contract on Tuesday] .
- [ARG0 Copperweld] [rel said] [ARG1 0 it does n't expect a protracted strike] .
- [ARG0 It] [rel said] [ARG1 0 it has taken measures *-1 to continue shipments during the work stoppage] .
- [ARG0 The Treasury] said 0 it plans *-1 to sell $ 30 billion *U* in notes and bonds next week , but [rel said] [ARG1 0 the auctions will be postponed *-105 unless Congress acts quickly *-2 to lift the federal debt ceiling] .
- [ARG0 The Treasury] [rel said] [ARG1 0 it plans *-1 to sell $ 30 billion *U* in notes and bonds next week] , but said 0 the auctions will be postponed *-105 unless Congress acts quickly *-2 to lift the federal debt ceiling .
- [ARG0 Michael Basham , deputy assistant secretary for federal finance ,] [rel said] [ARG1 0 the Treasury may wait until late Monday or even early Tuesday *-2 to announce whether the autions are *-1 to be rescheduled *-106] .
- [ARG0 The Treasury] [ARGM-DIS also] [rel said] [ARG1 0 it plans *-1 to sell $ 10 billion *U* in 36-day cash management bills on Thursday] .
- [ARG1 None of the securities will be eligible for when-issued trading until Congress approves an increase in the debt ceiling , *-1 clearing the way for a formal offering] , [ARG0 Mr. Basham] [rel said] 0 *T*-2 .
- [ARG0 The Treasury] [rel said] [ARG1 0 it needs *-1 to raise $ 47.5 billion *U* in the current quarter in order *-1 to end December with a $ 20 billion *U* cash balance] .
- [ARG1 The remaining $ 21.9 billion *U* could be raised *-111 through the sale of short-term Treasury bills , two-year notes in November and five-year notes in early December] , [ARG0 the Treasury] [rel said] 0 *T*-1 .
- [ARG1 Unless it can raise money in financial markets] , [ARG0 Mr. Basham] [rel said] 0 *T*-1 , the federal government wo n't have the cash 0 * to pay off $ 13.8 billion *U* in Treasury bills that *T*-176 mature on Thursday *T*-2 .
- `` [ARG1 Each day that Congress fails *-1 to act *T*-2 ... will cause additional disruption in our borrowing schedule , * possibly resulting in higher interest costs to the taxpayer] , '' [ARG0 Treasury Secretary Nicholas Brady] [rel said] *T*-3 [ARGM-LOC in a speech prepared * for delivery last night to a group of bankers] .
- [ARG0 Lancaster Colony Corp.] [rel said] [ARG1 0 it acquired Reames Foods Inc. in a cash transaction] .
- [ARG1 Reames , a maker and marketer of frozen noodles and pre-cooked pasta based * in Clive , Iowa , has annual sales of about $ 11 million *U*] , [ARG0 Lancaster] [rel said] 0 *T*-1 .
- [ARG0 Eaton Corp.] [rel said] [ARG1 0 it sold its Pacific Sierra Research Corp. unit to a company formed * by employees of that unit] .
- [ARG0 Mr. Leming] was n't surprised *-1 by the lower price cited * by NL , *-1 [rel saying] [ARG1 0 he believes that $ 55 *U* a share is `` the most 0 you can pay *T*-2 for Georgia Gulf before it becomes a bad acquisition] . ''
- [ARG0 J. Landis Martin , NL president and chief executive officer ,] [rel said] [ARG1 0 NL and Mr. Simmons cut the price *ICH*-2 0 they were proposing *T*-1 for Georgia Gulf because they initially planned a transaction that *T*-180 included about $ 250 million *U* in equity and a substantial amount of high-yield subordinated debt] .
- [ARG1 Now] , [ARG0 he] [rel said] 0 *T*-1 , the group plans *-2 to put in `` several hundred million '' dollars in equity and finance the remainder with bank debt .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 that the group reduced its offer because it was n't allowed *-1 to see Georgia Gulf 's confidential financial information without *-2 agreeing that it would n't make an offer unless it had Georgia Gulf 's consent] .
- [ARG0 Mr. Martin] [rel said] [ARG1 0 they have n't yet decided what their next move would be *T*-181] , but he did n't rule out the possibility of a consent solicitation aimed * at * replacing Georgia Gulf 's board .
- [ARG0 Georgia Gulf] rebuffed that offer in September and [rel said] [ARG1 0 it would study other alternatives] .
- [ARGM-TMP Late yesterday] , [ARG0 Georgia Gulf] [rel said] [ARG1 0 it reviewed the NL proposal as well as interests from `` third parties '' regarding business combinations] .
- [ARG0 Georgia Gulf] [rel said] [ARG1 0 it has n't eliminated any alternatives and that `` discussions *PPA*-2 are being held *-1 with interested parties , and work *ICH*-3 is also continuing on other various transactions] . ''
- `` [ARG1 He has clamped on their ankle like a pit bull] , '' [rel says] *T*-1 [ARG0 Paul Leming , a vice president with Morgan Stanley & Co] .
- [ARG0 University Patents Inc. , based * in Westport , Conn. ,] [rel said] [ARG1 0 it seeks Johnson & Johnson 's profits from sales of Retin-A , estimated * at $ 50 million *U* , a similar amount of punitive damages and the right * to license Retin-A elsewhere] .
- `` [ARG1 We believe that it *EXP*-3 is vitally important for those Japanese business interests -LCB- in the U.S. . -RCB- to be more aware of the emotions and concerns of the American people] , '' [rel said] *T*-1 [ARG0 the spokesman , Taizo Watanabe] .
- [ARG0 Officials from both nations] [rel say] [ARG1 0 the U.S. public 's skittishness about Japanese investment could color a second round of bilateral economic talks scheduled * for next week in Washington] .
- While [ARG0 Mr. Dallara and Japanese officials] [rel say] [ARG1 0 the question of investors ' access to the U.S. and Japanese markets may get a disproportionate share of the public 's attention] , a number of other important economic issues will be on the table at next week 's talks .
- [ARG0 The U.S.] [rel says] [ARG1 0 it is anxious for results] .
- `` [ARG1 We feel very strongly that we really need action across the full range of issues 0 we 've identified *T*-1 , and we need it by next spring] , '' [ARG0 Mr. Dallara] [rel says] *T*-2 .
- `` [ARG1 * Just to say 0 the distribution system is wrong does n't mean anything] , '' [rel says] *T*-1 [ARG0 a Ministry of International Trade and Industry official] .
- `` [ARG0 *] Just to [rel say] [ARG1 0 the distribution system is wrong] does n't mean anything , '' says *T*-1 a Ministry of International Trade and Industry official .
- [ARG1 That process of * sorting out specifics] is likely *-1 to take time , [ARG0 the Japanese] [rel say] 0 *T*-2 , no matter how badly the U.S. wants quick results *T*-3 .
- `` [ARG1 Little by little , there is progress] , '' [rel says] *T*-1 [ARG0 the MITI official] .
- [ARG1 The Japanese `` should see this rhetoric as a signal of the need for a change in their own economy] , '' [rel says] 0 *T*-1 [ARG0 Charles Dallara , U.S. assistant Treasury secretary , who *T*-184 has been in Tokyo this week *-2 informally discussing the impending negotiations with government and business leaders] .
- `` [ARG1 We have a long history of * maintaining an open direct-investment policy] , '' [ARG0 Mr. Dallara] [rel says] *T*-1 .
- [ARG1 The deal is chiefly designed *-1 *-3 to give Mitsubishi a window on the U.S. glass industry ,] [rel says] *T*-2 [ARG0 Ichiro Wakui , an executive in Mitsubishi 's general merchandise department in New York] .
- `` [ARG1 It 's not just a simple investment in a small company] , '' [ARG0 Mr. Wakui] [rel says] *T*-1 .
- [ARG1 Mitsubishi 's investment in Free State is `` very small ... less than $ 4 million *U*] , '' [ARG0 Mr. Wakui] [rel says] 0 *T*-1 .
- `` [ARG1 All the `` sogo-shosha '' are looking for new business] , '' [rel says] *T*-1 [ARG0 Arthur Klauser , adviser to the president of Mitsui , U.S.A. ,] [ARGM-ADV *-2 using the Japanese term for the largest of the global trading houses] .
- `` [ARG1 Strategic objectives , not financial return , drive many of the deals] , '' [rel says] *T*-1 [ARG0 a Venture Economics spokesman] .
- `` [ARG1 It 's the classic problem of the small businessman] , '' [rel says] *T*-1 [ARG0 Malcolm Davies , managing director of Trading Alliance Corp. of New York] .
- [ARG0 Mr. Klauser] [rel says] [ARG1 0 Mitsui has 75 U.S. subsidiaries in which it holds 35 % interest or more *T*-1 and the trading company hopes *-2 to double the number of its U.S. affiliates in 1990] .
- [ARG1 A 1 % to 2 % *U* return on $ 17 billion *U* `` ai n't hay] , '' [ARG0 Mr. Klauser] [rel says] 0 *T*-1 .
- `` [ARG1 They view this as a growth area so they went about it with a systematic approach] , '' [rel says] *T*-1 [ARG0 Richard Olsen , a Candela vice president] .
- `` [ARG1 You 're dead in the water if you are n't segmenting the market] , '' [rel says] *T*-1 [ARG0 Anne Moore , president of Synergistics Research Corp. , a bank consulting firm in Atlanta] .
- [ARG0 Judie MacDonald , vice president of retail sales at Barnett Banks Inc. of Jacksonville , Fla. ,] [rel says] [ARG1 0 the company now targets sub-segments within the market by *-1 tailoring its popular Seniors Partners Program to various life styles] .
- `` [ARG1 Varying age , geography and life-style differences create numerous sub-markets] , '' [ARG0 Ms. MacDonald] [rel says] *T*-1 .
- [ARG0 She] [rel says] [ARG1 0 individual Barnett branches can add different benefits *ICH*-1 to their Seniors Partners package -- such as athletic activities or travel clubs -- *-2 to appeal to local market interests] .
- `` [ARG1 An active 55-year-old in Boca Raton may care more about Senior Olympic games , while a 75-year-old in Panama City may care more about a seminar on health] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 Today , a banker is worrying about local , regional and money-center -LCB- banks -RCB- , as well as thrifts and credit unions] , '' [rel says] *T*-1 [ARG0 Ms. Moore at Synergistics Research] .
- `` [ARG1 The average household will spread 19 accounts over a dozen financial institutions] , '' [rel says] *T*-1 [ARG0 Michael P. Sullivan , who *T*-203 runs his own bank consulting firm in Charlotte , N.C] .
- [ARG1 The more accounts 0 customers have *T*-1] , [ARG0 Mr. Sullivan] [rel says] 0 *T*-2 , the more likely they are *-3 to be attracted *-123 to a package -- and *-3 to be loyal to the bank that *T*-205 offers it .
- `` [ARG1 It *EXP*-1 's not easy * to roll out something that comprehensive , and make it pay] , '' [ARG0 Mr. Jacob] [rel says] *T*-2 .
- `` [ARG1 These days , banking customers walk in the door *-1 expecting you to have a package especially for them] , '' [ARG0 Ms. Moore] [rel says] *T*-2 .
- [ARG1 First Union] , [ARG0 he] [rel says] 0 *T*-1 , now has packages for seven customer groups .
- `` [ARG1 I deserve something for my loyalty] , '' [ARG0 she] [rel says] *T*-1 .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Sale] : `` I think 0 more banks are starting *-2 to realize that we have *-3 to be more like the department store , not the boutique . ''
- [ARG0 SHAREDATA Inc.] [rel said] [ARG1 0 it will amend a registration statement filed * with the Securities and Exchange Commission *-1 to delete a plan * to sell 500,000 newly issued common shares] .
- [ARG0 The Chandler , Ariz. , company] [rel said] [ARG1 0 it will resubmit the registration 0 *T*-1 to cover only the 2.3 million warrants , each exercisable for the purchase of one common share] .
- [ARG0 The Chicago Mercantile Exchange] [rel said] [ARG1 0 it plans *-1 to institute an additional `` circuit breaker '' aimed * at * stemming market slides] .
- [ARG0 The exchange] [ARGM-DIS also] [rel said] [ARG1 that the 30-point circuit breaker , which *T*-212 currently provides only a one-hour respite during market sell-offs , will become the maximum one-day limit for the S&P 500 stock-index futures contract] ; the one-day limit now is 50 index points .
- [ARG0 The Merc] [rel said] [ARG1 0 that five-point limit will remain in effect for the first 10 minutes of trading] .
- [ARGM-LOC In Washington] , [ARG0 House aides] [rel said] [ARG1 0 Mr. Phelan told congressmen that the collar , which *T*-213 banned program trades through the Big Board 's computer when the Dow Jones Industrial Average moved 50 points *T*-1 , did n't work well] .
- [ARG0 He] [rel said] [ARG1 that firms could get around the collar by * executing trades manually] .
- [ARGM-LOC In a post-hearing news conference] , [ARG0 Mr. Phelan , who *T*-214 has publicly expressed concern about market volatility ,] [rel said] [ARG1 0 he told the House finance and telecommunications subcommittee that he would support the program-trading halt proposal `` * providing 0 the SEC would be comfortable with the language '' in a bill] .
- [ARG0 SEC Chairman Richard Breeden] has [rel said] [ARG1 0 he would be willing *-1 to consider circuit breakers that *T*-215 have preset trigger points , but he does n't want discretionary power * to stop programs] .
- `` [ARG1 Markey said 0 we could have done this in public '' because so little sensitive information was disclosed *-132] , [ARG0 the aide] [rel said] 0 *T*-1 .
- `` [ARG0 Markey] [rel said] [ARG1 0 we could have done this in public '' because so little sensitive information was disclosed *-132] , the aide said 0 *T*-1 .
- [ARG0 Mr. Phelan] [rel said] [ARG1 0 the Big Board is likely *-1 to study the program-trading issue] .
- [ARGM-DIS But] [ARG0 the New York Stock Exchange chairman] [rel said] [ARG1 0 he does n't support * reinstating a `` collar '' on program trading] , [ARGM-ADV *-1 arguing that firms could get around such a limit] .
- [ARG1 That response annoyed Rep. Markey] , [ARG0 House aides] [rel said] 0 *T*-1 , and the congressman snapped back that there had been enough studies of the issue and that it was time for action on the matter .
- [ARG1 Mr. Dingell] expressed concern , [ARG0 sources] [rel said] 0 *T*-2 , about jurisdictional problems in * regulating program trading , which *T*-217 uses futures *-1 to offset stock trades .
- [ARG0 The Chicago Merc] [rel said] [ARG1 0 a new one-hour price limit would take effect in its Standard & Poor 's 500 stock-index futures pit once S&P 500 futures fell 20 index points -- the equivalent of about a 150-point drop in the Dow Jones Industrial Average] .
- [ARG0 The exchange] [rel said] [ARG1 0 it decided 0 a new circuit breaker was needed *-126 following a review of the tumultuous trading in stocks and stock-index futures on Friday Oct. 13 , when the Dow Jones industrials plunged 190 points *T*-1 and stock-index futures prices skidded as well *T*-1] .
- [ARG0 The Merc] [rel said] [ARG1 that its existing 30-minute , 12-point limit on S&P 500 stock-index futures trading -LRB- equal to about 100 points on the Dow Jones industrials -RRB- , which *T*-1 was triggered *-127 Oct. 13 , will remain in effect] .
- [ARG0 Leo Melamed , Merc executive committee chairman ,] [rel said] [ARG1 that the 12-point limit appeared *-1 to lessen the selling panic Oct. 13] .
- `` [ARG1 *-1 To ring for even one service at this tower , we have *-1 to scrape] , '' [rel says] *T*-2 [ARG0 Mr. Hammond , a retired water-authority worker] .
- `` [ARG1 They were a self-perpetuating club that *T*-229 treated the tower as sort of a separate premises] , '' [ARG0 the Vicar Hummerstone] [rel says] *T*-1 .
- [ARG0 The vicar , W.D. Jones ,] refuses *-1 to talk about it , *-1 [rel saying] [ARG1 0 it would `` reopen the wound] . ''
- `` [ARG1 So crunch , crunch , crunch , bang , bang , bang -- here come *T*-4 the ringers from above , *-1 making a very obvious exit while the congregation is at prayer] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 The sound of bells is a net 0 *T*-1 to draw people into the church] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 The Central Council of Church Bell Ringers , a sort of parliament of ringing groups , aims *-1 to improve relations with vicars] , [rel says] 0 *T*-2 [ARG0 John C. Baldwin , president] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Baldwin] , `` We recognize that we may no longer have as high a priority in church life and experience . ''
- [ARG0 One survey] [rel says] [ARG1 that of the 100,000 trained bellringers in England today , only 40,000 of them still ring] .
- [ARG1 But the council 's program * to attract and train ringers is only partly successful] , [rel says] 0 *T*-1 [ARG0 Mr. Baldwin] .
- [ARG0 Another women] wrote from Sheffield *-1 to [rel say] [ARG1 that in her 60 years of ringing , `` I have never known a lady to faint in the belfry] .
- [ARGM-TMP Meanwhile] , [ARG0 many market watchers] [rel say] [ARG1 0 recent dividend trends raise another warning flag] : While dividends have risen smartly , their expansion has n't kept pace with even stronger advances in stock prices .
- [ARG1 * Put *-1 another way , the decline in the yield suggests 0 stocks have gotten pretty rich in price relative to the dividends 0 they pay *T*-2] , [ARG0 some market analysts] [rel say] 0 *T*-3 .
- [ARG0 Some analysts] [rel say] [ARG1 0 investors should run for the exits if a sustained market rebound pushes the yield below 3 %] .
- [ARG1 A drop below that 3 % benchmark `` has always been a strong warning sign that stocks are fully valued *-2] , '' [rel says] 0 *T*-1 [ARG0 Mr. Boesel of T. Rowe Price] .
- [ARG1 There] 's never been an exception , '' [rel says] 0 *T*-1 [ARG0 Gerald W. Perritt , a Chicago investment adviser and money manager] , [ARGM-MNR based on a review of six decades of stock-market data] .
- [ARG1 And] in each case , [ARG0 he] [rel says] 0 *T*-1 , a sharp drop in stock prices began within a year .
- [ARGM-DIS Still] , [ARG0 some market analysts] [rel say] [ARG1 0 the current 3.3 % reading is n't as troublesome as it might have been *?* in years past] .
- `` [ARG1 It 's not a very meaningful indicator currently because corporations are not behaving in a traditional manner] , '' [rel says] *T*-1 [ARG0 James H. Coxon , head of stock investments for Cigna Corp. , the Philadelphia-based insurer] .
- [ARG1 That is just a tad below the average of the past 40 years or so] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 A total of 139 companies *ICH*-1 raised dividends in October , basically unchanged from 138 a year ago] , [ARG0 S&P] [rel said] 0 *T*-2 [ARGM-TMP Wednesday] .
- [ARG1 That can be a trap for unwary investors] , [rel says] 0 *T*-1 [ARG0 Richard Bernstein , senior quantitative analyst at Merrill Lynch & Co] .
- `` [ARG1 * Having the dividend increases is a supportive element in the market outlook , but I do n't think 0 it 's a main consideration] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Strong dividend growth] , [ARG0 he] [rel says] 0 *T*-1 , is `` the black widow of valuation '' -- a reference to the female spiders that *T*-231 attract males and then kill them after mating .
- `` [ARG1 Invariably , those strong periods in the economy give way to recessionary environments] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-DIS Indeed] , [ARG0 analysts] [rel say] [ARG1 that payouts have sometimes risen most sharply when prices were already on their way down from cyclical peaks *T*-1] .
- [ARG0 Your Oct. 13 page-one story on the renewed plight of Western Union] [rel says] [ARG1 that Western Union had lost its chance * to be in the telephone business by *-1 turning down Alexander Graham Bell 's offer to it of his invention , because it supposedly felt that voice communication would never replace the telegraph] .
- [ARG0 Troubled NBI Inc.] [rel said] [ARG1 0 it fired more than half its work force and is discontinuing its hardware business *-1 to focus on its software and service operations] .
- [ARG0 The company , which *T*-237 recently said 0 it lacked the profits and capital 0 * to pay dividends on its Series A convertible preferred stock *T*-1 ,] [rel said] [ARG1 0 it has hired an investment banker 0 *T*-2 to help it raise additional cash] .
- [ARG0 The company] , which *T*-237 [ARGM-TMP recently] [rel said] [ARG1 0 it lacked the profits and capital 0 * to pay dividends on its Series A convertible preferred stock *T*-1] , said 0 it has hired an investment banker 0 *T*-2 to help it raise additional cash .
- [ARG0 The ailing company , which *T*-236 has reported net losses for 16 consecutive quarters ,] [rel said] [ARG1 0 it wo n't manufacture network computer systems any more and will greatly reduce its costly direct sales force] .
- [ARG1 Altogether] , [ARG0 NBI] [rel said] 0 it will eliminate 266 jobs at its Boulder headquarters , 176 field sales jobs and 50 jobs at its Canadian and United Kingdom headquarters .
- [ARG0 Stephen G. Jerritts , president and chief executive officer ,] [rel said] [ARG1 0 customers were n't willing *-1 to commit to an expensive NBI hardware systems because of the company 's financial troubles] .
- [ARG1 Further] , [ARG0 he] [rel said] 0 *T*-1 , the company does n't have the capital needed * * to build the business over the next year or two .
- `` [ARG1 We flat ran out of financing resources] , '' [ARG0 Mr. Jerritts] [rel said] *T*-1 .
- [ARGM-CAU As a result] , [ARG0 he] [rel said] [ARG1 0 NBI will focus on * servicing its installed base of systems , trying *-4 to provide maintenance for other manufacturers and expanding its software business , *-4 using some of the applications 0 it developed *T*-3 for its hardware] .
- [ARGM-LOC In his return toast to Mr. Nixon] , [ARG0 Mr. Yang] [rel said] [ARG1 0 the relationship had reached a `` stalemate] . ''
- [ARG1 And he plans *-1 to brief the president at the end of the week] , [ARG0 U.S. sources] [rel said] 0 *T*-2 .
- [ARGM-LOC In a meeting with Premier Li Peng on Monday] , [ARG0 Mr. Nixon] [rel said] [ARG1 that he hoped 0 he would n't encounter guards with machine guns during his visit to the U.S. Embassy] .
- [ARG1 Biscayne has n't any telephone listing] , [ARG0 an operator] [rel said] 0 *T*-1 .
- [ARGM-ADV *-2 Reached *-1 at his office] , [ARG0 Mr. McFall , currently chairman ,] [rel said] , `` [ARG1 An implication that we failed *-3 to return investor funds is inappropriate and inaccurate] . ''
- He described the situation as `` [ARG1 an escrow problem , a timing issue] , '' which [ARG0 he] [rel said] 0 *T*-1 was rapidly rectified *-2 , with no losses to customers .
- [ARG0 Mr. Felten] [rel said] , `` [ARG1 We got what *T*-252 amounted to a parking ticket , and by *-1 complaining about it , we ended up with a sizable fine and suspension] . ''
- [ARG0 Mr. Dahl , a registered representative in the insurance business ,] [rel said] [ARG1 0 he `` screwed up '' because he did n't realize 0 he was breaking securities laws] .
- `` [ARG1 Insurance agents have been forced *-158 by their companies into *-2 becoming registered reps] , '' [ARG0 he] [rel said] *T*-1 , `` but they are not providing compliance and security-type training so that we can avoid stupid mistakes . ''
- `` [ARG1 I was n't ever actively engaged *-1 in any securities activities] , '' [rel said] *T*-2 [ARG0 Mr. Cutrer] .
- [ARG1 It *EXP*-2] was just a stupid mistake * to get the license , '' [ARG0 he] [rel said] 0 *T*-3 , [ARGM-ADV *-1 adding , `` I 'd just as soon not get into '' details of the settlement] .
- [ARG1 J.L. Henry has n't any Miami telephone listing] , [ARG0 an operator] [rel said] 0 *T*-1 .
- [ARGM-DIS But] [ARGM-LOC in London and Tokyo , where computer-driven trading now plays a small but growing role *T*-1] , [ARG0 traders] [rel say] [ARG1 0 a number of hurdles loom] .
- `` [ARG1 It has not been disruptive in the markets here] , '' [ARG0 Mr. Maughan] [rel said] *T*-1 .
- [ARG1 Index-arbitrage trading is `` something 0 we want *-1 to watch *T*-1 closely] , '' [ARG0 an official at London 's Stock Exchange] [rel said] 0 *T*-2 .
- [ARG0 Market professionals] [rel said] [ARG1 0 London has several attractions] .
- [ARG1 Still , `` Much less -LCB- index-arbitrage activity -RCB- *ICH*-1 is done *-161 over here than in the U.S.] '' [rel said] 0 *T*-2 [ARG0 Richard Barfield , chief investment manager at Standard Life Assurance Co. , which *T*-258 manages about # 15 billion *U* -LRB- $ 23.72 billion *U* -RRB- in United Kingdom institutional funds] .
- [ARG1 Japan is `` very concerned '' about the possible effects of program trading] , [ARG0 a senior Japanese official] [rel said] 0 *T*-1 [ARGM-TMP after the Oct. 13 stock plunge in New York] .
- [ARG1 But a survey early this summer indicated that the volume of index-options trading was only 15 % of the size of the underlying equity market] , [ARG0 exchange officials] [rel said] 0 *T*-1 .
- [ARG1 Japan 's Finance Ministry already is scrutinizing institutional investors ' activity *-1 to see whether policy changes are needed *-160 * to cope with the current level of program trading] , [rel said] 0 *T*-2 [ARG0 Makato Utsumi , vice minister for international finance] .
- [ARG1 * Adopting a training-wage policy means `` * getting beyond the nickel and diming of the minimum wage] , '' [ARG0 Mrs. Roukema] [rel said] 0 *T*-1 .
- [ARG0 The U.S. Chamber of Commerce] , [ARGM-ADV *-1 still opposed to any mininum-wage increase] , [rel said] [ARG1 0 the compromise plan * to lift the wage floor 27 % in two stages between April 1990 and April 1991 `` will be impossible for many employers to accommodate and will result in the elimination of jobs for American workers and higher prices for American consumers] .
- [ARG0 Advocates] [rel said] [ARG1 0 the 90-cent-an-hour rise , to $ 4.25 *U* an hour by April 1991 , is too small for the working poor] , [ARGM-ADV while opponents argued that the increase will still hurt small business and cost many thousands of jobs] .
- `` [ARG1 There are no smiles about this bill] , '' [ARG0 Rep. Pat Williams -LRB- D. , Mont . -RRB-] [rel said] *T*-1 [ARGM-TMP during House floor debate] [ARGM-TMP yesterday] .
- [ARG1 While the minimum wage had traditionally been pegged *-164 at half the average U.S. manufacturing wage , the level of $ 4.25 *U* an hour in 1991 will still be less than 35 % of average factory pay] , [ARG0 Mr. Williams] [rel said] 0 *T*-1 .
- [rel Says] [ARG1 *ICH*-1] [ARG0 long-time associate Jerry Griffin , vice president , corporate development , at WTD Industries Inc.] : `` He is n't of the old school of * winning at any cost . ''
- [ARG1 He also is a consensus manager] , [ARG0 insiders] [rel say] 0 *T*-1 .
- [ARG1 The decision * to make the bid for Nekoosa , for example , was made *-2 only after all six members of Georgia-Pacific 's management committee signed onto the deal -- even though Mr. Hahn knew 0 he wanted *-3 to go after the company early on] , [rel says] 0 *T*-1 [ARG0 Mr. Correll] .
- [ARG0 Associates] [rel say] [ARG1 0 Mr. Hahn picked up that careful approach to management as president of Virginia Polytechnic Institute] .
- [ARG1 *-1 Assuming that post at the age of 35 , he managed by consensus , as * is the rule in universities] , [rel says] 0 *T*-3 [ARG0 Warren H. Strother , a university official who *T*-2 is researching a book on Mr. Hahn] .
- Mr. Hahn agrees that he has a `` retentive '' memory , but [ARG0 friends] [rel say] [ARG1 0 that 's an understatement] .
- [ARG1 `` The record of companies that *T*-8 have diversified is n't all that impressive , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG1 It] would be a good match , [ARG0 Mr. Hahn and many analysts] [rel say] 0 *T*-1 , of two healthy companies with high-quality assets and strong cash flows .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Kathryn McAuley , an analyst at First Manhattan Co.] : `` This is the greatest acquisition challenge 0 he has faced *T*-2 .
- `` [ARG1 We are prepared *-1 to pursue aggressively completion of this transaction] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 *-2 Given *-3 that choice] , [ARG0 associates of Mr. Hahn and industry observers] [rel say] 0 the former university president -- who *T*-1 has developed a reputation for * not overpaying for anything -- would fold .
- `` [ARG1 There 's a price above which I 'm positive 0 Marshall has the courage 0 * not to pay *T*-1 *T*-3] , '' [rel says] *T*-2 [ARG0 A.D. Correll , Georgia-Pacific 's executive vice president for pulp and paper] .
- [ARG0 Inventor Claire Marvin] [rel says] [ARG1 0 his design virtually eliminates spilling] .
- [ARG1 The Soviets , who *T*-12 normally have few clients other than the state , will get `` exposure to a market system] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG0 Mr. Droz] [rel says] [ARG1 0 the Soviets could even help U.S. designers renew their sense of purpose] .
- `` [ARG1 In Moscow , they kept *-5 asking us things like , ` Why do you make 15 different corkscrews , when all 0 you need *T*-3 is one good one *T*-4 *T*-2 ? '] '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 It would ease jail overcrowding while *-1 preserving historic structures] , [ARG0 the company] [rel says] 0 *T*-2 .
- [ARGM-DIS But] [ARG0 New York state , which *T*-13 is seeking solutions to its prison cell shortage ,] [rel says] `` [ARG1 no] . ''
- [ARG1 Grain elevators built * in the 1920s and '30s have six-inch concrete walls and a tubular shape that *T*-1 would easily contain semicircular cells with a control point in the middle] , [ARG0 the New York firm] [rel says] 0 *T*-2 .
- [ARG1 Besides] , [ARG0 Eggers] [rel says] 0 *T*-1 , grain elevators are worth * preserving for aesthetic reasons -- one famed architect compared them to the pyramids of Egypt .
- [ARG1 A number of cities -- including Minneapolis , Philadelphia and Houston -- have vacant grain elevators] , [ARG0 Eggers] [rel says] 0 *T*-1 .
- [ARG1 A medium-sized one in Brooklyn] , [ARG0 it] [rel says] 0 *T*-1 , could be altered *-2 to house up to 1,000 inmates at a lower cost than * building a new prison in upstate New York .
- `` [ARG1 The primary purpose of a railing is * to contain a vehicle and not to provide a scenic view] , '' [rel says] *T*-1 [ARG0 Jack White , a planner with the Indiana Highway Department] .
- [ARG1 `` Once we do , they will receive very serious evaluation , ''] [ARG0 the spokesman] [rel said] *T*-1 .
- [ARG0 USX] [rel said] [ARG1 0 it has been cooperating with OSHA since the agency began *-1 investigating the Clairton and Fairless works] .
- [ARG0 He] [rel said] [ARG1 that , if and when safety problems were identified *-15 *T*-1 , they were corrected *-16] .
- `` [ARG1 The big problem is that USX management has proved *-1 unwilling *-2 to devote the necessary resources and manpower to * removing hazards and to * safeguarding safety and health in the plants] , '' [rel said] *T*-3 [ARG0 Linda Anku , OSHA regional administrator in Philadelphia] .
- [ARG0 Labor Secretary Elizabeth Dole] [rel said] , `` [ARG1 The magnitude of these penalties and citations is matched *-1 only by the magnitude of the hazards to workers which *T*-14 resulted from corporate indifference to worker safety and health , and severe cutbacks in the maintenance and repair programs needed * to remove those hazards] . ''
- [ARG0 OSHA] [rel said] [ARG1 0 there have been three worker fatalities at the two plants in the past two years and 17 deaths since 1972] .
- [ARG0 Gerard Scannell , the head of OSHA ,] [rel said] [ARG1 0 USX managers have known about many of the safety and health deficiencies at the plants for years , `` yet have failed *-1 to take necessary action * to counteract the hazards] . ''
- `` [ARG1 Particularly flagrant] , '' [ARG0 Mrs. Dole] [rel said] 0 *T*-2 , `` are *T*-1 the company 's numerous failures * to properly record injuries at its Fairless works , in spite of the firm promise 0 it had made *T*-3 in an earlier corporate-wide settlement agreement * to correct such discrepancies . ''
- [ARG0 A USX spokesman] [rel said] [ARG1 0 the company had n't yet received any documents *ICH*-1 from OSHA regarding the penalty or fine] .
- [ARG0 A study by Tulane Prof. James Wright] [rel says] [ARG1 0 homelessness is due to a complex array of problems , with the common thread of poverty] .
- [ARG0 ROGERS COMMUNICATIONS Inc.] [rel said] [ARG1 0 it plans *-1 to raise 175 million to 180 million Canadian dollars -LRB- US$ 148.9 million to $ 153.3 million *U* -RRB- through a private placement of perpetual preferred shares] .
- [ARG1 Perpetual preferred shares are n't retractable by the holders] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Rogers] [rel said] [ARG1 0 the shares will be convertible into Class B shares , [ARGM-DIS but] that the company has the option * to redeem the shares before a conversion takes place] .
- [ARG0 A spokesman for the Toronto cable television and telecommunications concern] [rel said] [ARG1 0 the coupon rate has n't yet been fixed *-1 , but will probably be set *-1 at around 8 %] .
- [ARG0 Rep. James Traficant -LRB- D. , Ohio -RRB-] , [rel said] [ARG1 0 the amendment , which *T*-19 passed 271-147 , would `` let the American worker know that we consider them occasionally] . ''
- [ARGM-DIS But] [ARG0 Rep. Hammerschmidt] [rel said] [ARG1 that the provision , which he dubbed *T*-2 a `` special interest '' amendment , was likely *-1 to make the bill even more controversial] .
- `` [ARG1 The purpose of the bill is * to put the brakes on airline acquisitions that *T*-2 would so load a carrier up with debt that it would impede safety or a carrier 's ability * to compete] , '' [ARG0 Rep. John Paul Hammerschmidt , -LRB- R. , Ark . -RRB-] [rel said] *T*-1 .
- The Voice of America is a government agency that *T*-1 broadcasts news and views -- [ARG0 some] [ARGM-MOD might] [rel say] [ARG1 propaganda] -- in 43 languages to 130 million listeners around the world .
- -- [ARG0 The USIA] [rel said] [ARG1 that , on reflection , of course I could print anything 0 I could get my hands on *T*-1] .
- `` [ARG1 The USIA officially and publicly declared the absolute right *ICH*-2 of everyone except the USIA * to disseminate agency program materials in the United States] , '' [ARG0 my lawyer , the scholarly Mark McCormick of Des Moines ,] [rel said] *T*-1 [ARGM-LOC in a memo pointing out the facts and trying * to make me feel good] [ARGM-TMP after the press reported that I had lost] .
- -- [ARG0 The USIA] [rel said] [ARG1 that , on reflection , anyone *ICH*-2 could view the VOA materials , not just the reporters , scholars , researchers and congressmen who *T*-1 are mentioned *-34 in the statute] .
- -- [ARGM-DIS And] [ARG0 the USIA] [rel said] [ARG1 that all of us could take extensive notes] .
- [ARG0 Section 501 of the United States Information and Educational Exchange Act of 1948] [rel says] [ARG1 0 Voice material shall be available to certain of us -LRB- but now , thanks to the USIA 's new position , all of us -RRB- `` for examination only] . ''
- `` You have ... raised important questions which *T*-26 ought *-2 to be answered *-3 : [ARG1 What] does [ARG0 USIA] [rel say] *T*-27 about [ARG3-about America] [ARGM-LOC abroad] ; how do we say it *T*-4 ; and how can American taxpayers get the answers to these questions *T*-5 ? '' a man wrote me *T*-1 a couple of years ago .
- `` You have ... raised important questions which *T*-26 ought *-2 to be answered *-3 : What does USIA say *T*-27 about America abroad ; [ARGM-MNR how] do [ARG0 we] [rel say] [ARG1 it] *T*-4 ; and how can American taxpayers get the answers to these questions *T*-5 ? '' a man wrote me *T*-1 a couple of years ago .
- [ARGM-LOC In an joint interview] yesterday , [ARG0 both men] [rel said] [ARG1 0 they would like *-1 to be the company 's next chief executive] .
- But [ARG0 analysts] [rel said] [ARG1 0 early results from the reorganization have been disappointing , especially in Europe , and there were signs that the board became impatient] .
- [ARG0 Campbell officials] [rel said] [ARG1 0 Mr. McGovern was n't available *ICH*-2 yesterday *-1 to discuss the circumstances of his departure] .
- The company 's prepared statement quoted [ARG0 him] as *-1 [rel saying] , `` [ARG1 The CEO succession is well along and I 've decided for personal reasons *-2 to take early retirement] . ''
- But [ARG0 people familiar with the agenda of the board 's meeting last week in London] [rel said] [ARG1 0 Mr. McGovern was fired *-42] .
- [ARG0 Mr. McGovern himself] had [rel said] [ARGM-MNR repeatedly] [ARG1 that he intended *-1 to stay on until he reached the conventional retirement age of 65 in October 1991 , `` unless I get fired] . ''
- [ARG0 Campbell] [rel said] [ARG1 0 Mr. McGovern had withdrawn his name as a candidate for re-election as a director at the annual shareholder meeting , scheduled * for Nov. 17] .
- [ARG1 During Mr. McGovern 's nine-year term as president , the company 's sales rose to $ 5.7 billion *U* from $ 2.8 billion *U* and net income increased to $ 274 million *U* from $ 130 million *U*] , [ARG0 the statement] [rel said] 0 *T*-1 .
- [ARG0 Mr. Baum] [rel said] [ARG1 0 he and Mr. Harper both advocated *-1 closing some plants as long ago as early 1988] .
- `` [ARG1 You 've got *-2 to make the restructuring work] , '' [rel said] *T*-1 [ARG0 Mr. Baum] .
- `` [ARG1 We look upon this as a great opportunity * to prove the fact that we have a tremendous management team] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Baum] [rel said] [ARG1 0 the two have orders * to `` focus on bottom-line profits '' and to `` take a hard look at our businesses -- what *T*-32 is good , what *T*-33 is not so good] . ''
- `` [ARG1 The way that we 've been managing Campbell U.S.A. *T*-2 can hopefully spread to other areas of the company] , '' [ARG0 Mr. Baum] [rel said] *T*-1 .
- `` [ARG1 You 've got two champions sitting right before you] , '' [rel said] *T*-1 [ARG0 Mr. Baum] .
- `` [ARG1 The profit motive of the major shareholders has clearly changed for the better] , '' [rel said] *T*-1 [ARG0 John McMillin , a food industry analyst for Prudential-Bache in New York] .
- [ARG0 Some] [rel say] [ARG1 0 Anthony Cheetham , head of a recently acquired British company , Century Hutchinson , could be chosen *-46] .
- [ARGM-LOC In an interview] , [ARG0 Mr. Bernstein] [rel said] [ARG1 0 his departure `` evolved out of discussions with Si Newhouse and that 's the decision 0 I reached *T*-1] . ''
- [ARG0 He] declined *-1 to elaborate , other than *-1 to [rel say] , `` [ARG1 It just seemed the right thing 0 * to do *T*-2 at this minute] .
- [ARG0 Mr. Bernstein] [rel said] [ARG1 0 he will stay until Dec. 31 and work with his successor , who *T*-36 is *-1 to be named *-43 soon] .
- [ARG0 The company] [rel said] [ARG1 0 the publisher 's annual sales volume increased to $ 800 million *U* from $ 40 million *U* during Mr. Bernstein 's tenure] .
- `` [ARG1 Bob has handled the extraordinary growth of the company quite brilliantly] , '' [rel said] *T*-1 [ARG0 Mr. Newhouse] .
- Yet Section 605 of the appropriations bill for the executive office provides : `` No part of any appropriation for the current fiscal year contained * in this or any other Act shall be paid *-53 to any person for the filling of any position for which he or she has been nominated *-54 *T*-1 after the Senate has voted *-2 not to approve the nomination of [rel said] [ARG1 person] . ''
- This provision amounts to a legislative veto over the president 's execution of the law , since [ARG1 a one-house resolution] [ARGM-MOD could] be [rel said] *-1 to be `` duly adopted '' [ARGM-ADV even though it would require neither bicameral action in Congress nor presentation to the president for his signature or veto] .
- [ARG1 At the same time , export demand for U.S. wheat , corn and other commodities strengthened] , [rel said] *T*-1 [ARG0 Keith Collins , a department analyst] .
- `` [ARG1 All of these forces came together in 1988 * to benefit agriculture] , '' [ARG0 Mr. Collins] [rel said] *T*-1 .
- [ARG1 With prices soaring , they were able *-1 to sell the reclaimed commodities at `` considerable profit] , '' [ARG0 the agency 's 240-page report] [rel said] 0 *T*-2 .
- [ARG0 Analysts] [rel said] [ARG1 0 the Herald 's demise does n't necessarily represent the overall condition of the newspaper industry] .
- `` [ARG1 The Herald was a survivor from a bygone age] , '' [rel said] *T*-1 [ARG0 J. Kendrick Noble , a media analyst with PaineWebber Inc] .
- [ARG0 Hearst] [rel said] [ARG1 0 it would provide employees with a placement service and pay them for 60 days] .
- [ARG1 Some long-tenured employees will receive additional benefits] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 I 've never seen so many people crying in one place at one time] , '' [rel said] *T*-1 [ARG0 Bill Johnson , an assistant city editor] .
- `` [ARG1 I 'm doing the main story , and I 'm already two beers drunk] , '' [rel said] *T*-1 [ARG0 reporter Andy Furillo , whom the Times hired *T*-50 away several years ago but who *T*-49 returned to the Herald out of preference] .
- `` [ARG1 * Forget it] , '' [ARG0 he] [rel said] *T*-1 [ARGM-ADV as he handed her a paper] .
- Speculation had it that the company was asking $ 100 million *U* for an operation said * to be losing about $ 20 million *U* a year , but [ARG0 others] [rel said] [ARG1 0 Hearst might have virtually given the paper away] .
- [ARG0 Olympia Broadcasting Corp.] [rel said] [ARG1 0 it did n't make a $ 1.64 million *U* semiannual interest payment due yesterday on $ 23.4 million *U* of senior subordinated debentures] .
- [ARG0 The radio-station owner and programmer] [rel said] [ARG1 0 it was trying *-1 to obtain additional working capital from its senior secured lenders and other financial institutions] .
- [ARG0 It] [rel said] [ARG1 0 it needs *-1 to make the payment by Dec. 1 *-1 to avoid a default that *T*-2 could lead to an acceleration of the debt] .
- [ARGM-TMP In September] , [ARG0 the company] [rel said] [ARG1 0 it was seeking offers for its five radio stations in order *-1 to concentrate on its programming business] .
- [ARG0 Phillip Riese , an American Express executive vice president ,] [rel says] [ARG1 0 the promotion with Buick is his company 's first with an auto maker , but `` hopefully -LCB- will be -RCB- the first of many '' in the company 's effort * to promote its green card as `` the total car-care card] . ''
- [ARG1 Many auto dealers now let car buyers charge part or all of their purchase on the American Express card , but few card holders realize this] , [ARG0 Mr. Riese] [rel says] 0 *T*-1 .
- [ARG1 Until now , however , buyers who *T*-53 wanted *-1 to finance part of a car purchase through General Motors Acceptance Corp. could n't put their down payment on a charge card because of possible conflicts with truth-in-lending and state disclosure laws over finance rates] , [rel says] *T*-2 [ARG0 a spokesman for the GM finance arm] .
- [ARG1 But] GMAC approved the Buick program , [ARG0 he] [rel says] 0 *T*-1 , because the American Express green card requires payment in full upon billing , and so does n't carry any finance rates .
- [ARG0 Mr. Riese] [rel says] [ARG1 0 American Express considers GM and Buick `` very sophisticated direct-mail marketers , '' so `` by *-1 joining forces with them we have managed *-1 to maximize our direct-mail capability] . ''
- [ARG1 In addition , Buick is a relatively respected nameplate among American Express card holders] , [rel says] 0 *T*-1 [ARG0 an American Express spokeswoman] .
- [ARG1 When the company asked members in a mailing which cars they would like *-3 to get information about *T*-2 for possible future purchases *T*-1 , Buick came in fourth among U.S. cars and in the top 10 of all cars] , [ARG0 the spokeswoman] [rel says] 0 *T*-4 .
- [ARG1 GMAC screened the card-member list for holders more than 30 years old with household incomes over $ 45,000 *U* who *T*-54 had n't `` missed any payments] , '' [ARG0 the Buick spokeswoman] [rel says] 0 *T*-1 .
- [ARG0 A spokesman for Visa International 's U.S. subsidiary] [rel says] [ARG1 0 his company is using promotions *-1 to increase use of its cards , but does n't have plans for a tie-in similar to the American Express-Buick link] .
- [ARG1 The promotion helped Riviera sales exceed the division 's forecast by more than 10 %] , [ARG0 Buick] [rel said] 0 *T*-1 [ARGM-TMP at the time] .
- [ARG1 Buick approached American Express about a joint promotion because its card holders generally have a `` good credit history '' and are `` good at * making payments] , '' [rel says] *T*-1 [ARG0 a spokeswoman for the division] .
- `` [ARG1 While this court ruling was only on Hammersmith , it will obviously be very persuasive in other cases of a similar nature] , '' [ARG0 a solicitor representing one of the banks] [rel said] *T*-1 .
- [ARG1 If the banks exhaust all avenues of appeal , it *EXP*-1 is possible that they would seek *-3 to have the illegality ruling work both ways] , [ARG0 some market sources] [rel said] 0 *T*-2 .
- [ARG1 The Big Board 's directors meet today *-1 to approve some program-trading restrictions , but a total ban is n't being considered *-77] , [ARG0 Big Board officials] [rel say] 0 *T*-2 .
- `` [ARG1 You 're not going *-2 to stop the idea of * trading a basket of stocks] , '' [rel says] *T*-1 [ARG0 Vanderbilt 's Prof. Stoll] . ``
- Short of a total ban , some anti-programmers have proposed several middle-ground reforms , which [ARG0 they] [rel say] [ARG1 0 *T*-1 would take away certain advantages 0 program traders currently enjoy *T*-2 in the marketplace that other investors do n't *T*-3] .
- [ARG1 Higher margins would chase away dozens of smaller traders who *T*-72 help larger traders buy and sell] , [ARG0 they] [rel say] *T*-1 .
- [ARG0 Big Board Chairman John Phelan] [rel said] [ARGM-TMP yesterday] [ARG1 that he could support * letting federal regulators suspend program trading during wild stock-price swings] .
- Policies designed * to encourage one type of investor over another are akin to * placing [ARG0 a sign *ICH*-1] over the Big Board 's door [rel saying] : `` [ARG1 Buyers welcome , sellers please * go away] ! ''
- How does a nice new tax , [rel say] [ARG1 5 %] , on any financial transaction sound *T*-1 ?
- [ARG0 Charles Wohlstetter , the chairman of Contel Corp. who *T*-66 is rallying other CEOs to the anti-program trading cause ,] [rel says] [ARG1 0 he has received `` countless '' letters offering support] .
- `` [ARG0 They] [rel said] [ARGM-ADV universally] , without a single exception : [ARG1 * Do n't even compromise] .
- [ARG1 * Kill it] , '' [ARG0 he] [rel says] *T*-1 .
- What *T*-67 's more , the last time 0 [ARG0 major Wall Street firms] [rel said] [ARG1 0 they were getting out of program trading] *T*-1 -- in the aftermath of the 1987 crash -- they waited a few months and then sneaked back into it .
- He sold his exchange seat and wrote a bitter letter to Big Board Chairman John J. Phelan Jr. in which [ARG0 he] [rel said] *T*-1 [ARG1 0 the Big Board is too focused on machines , rather than people] .
- [ARG0 He] [rel said] [ARG1 0 the exchange is `` headed for a real crisis '' if program trading is n't curbed *-1] .
- `` [ARG1 A lot of people would like *-2 to go back to 1970 , '' before program trading] , [ARG0 Mr. Phelan] [rel said] 0 *T*-1 [ARGM-TMP this week] .
- [ARG0 They] [rel say] [ARG1 0 greedy market manipulators have made a shambles of the nation 's free-enterprise system , *-1 turning the stock market into a big gambling den , with the odds heavily stacked *-2 against the small investor] .
- `` [ARG1 The public did n't come to the market *-1 to play a game ; they can go to Off-Track Betting for that] , '' [rel says] 0 *T*-2 [ARG0 A. Brean Murray , chairman of Brean Murray , Foster Securities , a traditional money management firm] .
- [ARG1 Critics like Mr. Murray `` are looking for witches , and people who *T*-68 use computers * to trade are a convenient boogieman] , '' [rel says] 0 *T*-3 [ARG0 J. Thomas Allen , president of Advanced Investment Management Inc. , a Pittsburgh firm that *T*-1 runs a $ 200 million *U* fund that *T*-2 uses index arbitrage] .
- `` [ARG1 If you continue *-2 to do this , the investor *ICH*-1 becomes frightened -- any investor : the odd lotter , mutual funds and pension funds] , '' [rel says] *T*-3 [ARG0 Larry Zicklin , managing partner at Neuberger & Berman] .
- But [ARG0 many experts and traders] [rel say] [ARG1 that program trading is n't the main reason for stock-market gyrations] .
- [ARG1 `` I have not seen one iota of evidence '' 0 *T*-3 to support restrictions on program trading *T*-2] , [rel says] 0 *T*-1 [ARG0 a Vanderbilt University finance professor , Hans Stoll , an authority on the subject] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 the Big Board 's Mr. Phelan] , `` Volatility is greater than program trading . ''
- [ARG0 Susan Del Signore , head trader at Travelers Investment Management Co. ,] [rel says] [ARG1 0 critics are ignoring `` the role 0 the -LCB- takeover stock -RCB- speculator is taking *T*-1 in the market as a source of volatility] . ''
- [ARG1 Many arbs are `` overleveraged] , '' [ARG0 she] [rel says] 0 *T*-3 , and they `` have *-1 to sell when things look like they fall apart *T*-2 . ''
- [ARG1 `` When the sell programs hit *T*-1 , you can hear the order printers start *-2 to go '' on the Big Board trading floor] , [rel says] 0 *T*-3 [ARG0 one specialist there] .
- `` [ARG1 Small investors are absolutely dismayed that Wall Street is stacking the deck against them , and these wide swings are scaring them to death] , '' [rel says] *T*-1 [ARG0 Raymond A. Mason , chairman of regional broker Legg Mason Inc. in Baltimore] .
- Oh , you 're in the paper business , '' is one reaction 0 [ARG0 Mr. Sigler] [rel says] [ARG1 0 he 's gotten *T*-1 from his big institutional shareholders] .
- `` [ARG1 There 's a lynch-mob psychology right now] , '' [rel says] *T*-1 [ARG0 the top program-trading official at a Wall Street firm] .
- [ARG1 Program traders ' `` power * to create total panic is so great that they ca n't be allowed *-1 to have their way] , '' [rel says] 0 *T*-2 [ARG0 Rep. Edward Markey , a Massachusetts Democrat] .
- `` We have *-1 to have [ARG0 a system] that *T*-2 [rel says] to [ARG2-to those largest investors] :
- `` [ARG1 When you do that *T*-1 , there is not a cut , but there is in fact a program increase of $ 5 million *U* '' each for the FTC and the Justice Department] , [ARG0 Rep. Neal Smith -LRB- D. , Iowa -RRB-] [rel said] 0 *T*-2 [ARGM-TMP during House debate] .
- [ARG0 Corporate lawyers] [rel said] [ARG1 0 the new fees would n't inhibit many mergers or other transactions] .
- [ARGM-ADV Though some lawyers reported that prospective acquirers were scrambling *-1 to make filings before the fees take effect] , [ARG0 government officials] [rel said] [ARG1 0 they had n't noticed any surge in filings] .
- But [ARG0 Justice Department and FTC officials] [rel said] [ARG1 0 they expect the filing fees to make up for the budget reductions and possibly exceed them] .
- `` [ARG1 It could operate *-1 to augment our budget] , '' [ARG0 James Rill , the Justice Department 's antitrust chief ,] [rel said] *T*-2 [ARGM-LOC in an interview] .
- [ARG1 This information used *-1 to be poorly documented and largely anecdotal] , [rel says] 0 *T*-2 [ARG0 Beth Gates-Warren of Sotheby 's] .
- `` [ARG1 There is finally some sort of sense in the market] , '' [ARG0 she] [rel says] *T*-1 .
- [ARG1 Corporations and museums are among the serious buyers , * giving greater market stability] , [rel says] 0 *T*-1 [ARG0 Robert Persky of the Photograph Collector] .
- [ARG1 But much contemporary work is also fetching `` a great deal of money] , '' [rel says] 0 *T*-1 [ARG0 Miles Barth of the International Center of Photography] .
- [ARG1 *-1 Currently a $ 300 million-a-year business , 900 telephone service is expected *-1 to hit $ 500 million *U* next year and near $ 2 billion *U* by 1992 as uses for the service continue *-3 to expand] , [rel says] 0 *T*-2 [ARG0 Joel Gross of Donaldson , Lufkin & Jenrette Inc] .
- [ARG1 But the 1989 fall total of 80 , while well below 1988 activity , shows `` a steady ratcheting up in citizen referenda and initiatives] , '' [rel says] 0 *T*-1 [ARG0 Patrick McGuigan , editor of Family , Law and Democracy Report] .
- `` [ARG1 I 'm starting *-1 to see more business transactions] , '' [rel says] *T*-2 [ARG0 Andrea West of American Telephone & Telegraph Co.] , [ARGM-ADV *-3 noting growing interest in use of 900 service for stock sales , software tutorials and even service contracts] .
- [ARG1 Colleges] , [ARG0 she] [rel says] 0 *T*-1 , are eyeing registration through 900 service .
- `` [ARG1 The thing that *T*-1 will really break this market right open is merchandising] , '' [ARG0 Ms. West] [rel says] *T*-2 .
- [ARG1 Patients who *T*-1 receive canine or feline visitors are found *-2 to have lower blood pressure and improved appetite and be more receptive to therapy] , [rel says] 0 *T*-3 [ARG0 Mary Ann O'Loughlin , program coordinator] .
- [ARG0 He] [rel says] [ARG1 0 the 10 citizen-sparked issues on state ballots this fall represent the most in any odd-year this decade] .
- [ARG0 Tiny Tots Inc. , Campbell , Calif. ,] [rel says] [ARG1 0 business is up 35 % in the past year] .
- `` [ARG1 We 're gaining 1,200 new customers each week] , '' [rel says] *T*-1 [ARG0 Jack Mogavero of General Health Care Corp. , Piscataway , N.J] .
- [ARG0 The National Association of Diaper Services , Philadelphia ,] [rel says] [ARG1 that since January it has gotten more than 672 inquiries from people interested in * starting diaper services] .
- [ARG1 Only 57.6 % of New Yorkers watch the local news , the lowest viewership in the country] , [rel says] 0 *T*-1 [ARG0 a new study by Impact Resources Inc. , Columbus , Ohio] ... .
- [ARG0 Ballot watchers] [rel say] [ARG1 0 attention already is focused *-1 on the 1990 elections] .
- [ARG1 In California , two petition drives for next year 's election are `` essentially finished] , '' [rel says] 0 *T*-1 [ARG0 David Schmidt , author of `` Citizen Lawmakers] . ''
- [ARG1 *-1 Taking a cue from California , more politicians will launch their campaigns by *-1 backing initiatives] , [rel says] 0 *T*-2 [ARG0 David Magleby of Brigham Young University] .
- [ARGM-ADV *-1 Citing the October 1987 crash] , [ARG0 Glenn Miller] [rel says] , `` [ARG1 It 's like the last crash -- they threatened , but no one did anything] . ''
- A. Donald Anderson , [ARG0 a 59-year-old Los Angeles investor] who *T*-1 [rel says] [ARG1 0 the stock market 's `` fluctuations and gyrations give me the heebie-jeebies] , '' does n't see much point in * outlawing program trading .
- `` [ARG1 I think 0 we 've got enough securities laws] , '' [ARG0 he] [rel says] *T*-1 .
- And [ARG0 surprising numbers of small investors] seem *-1 to be adapting to greater stock market volatility and [rel say] [ARG1 0 they can live with program trading] .
- [ARG0 Glenn Britta , a 25-year-old New York financial analyst who *T*-1 plays options for his personal account ,] [rel says] [ARG1 0 he is `` factoring '' the market 's volatility `` into investment decisions] . ''
- [ARG1 And] the practice should n't be stopped *-1 , [ARG0 he] [rel says] 0 *T*-2 , because `` even big players are n't immune to the rigors of program trading . ''
- [ARG1 * Arbitraging on differences between spot and futures prices is an important part of many financial markets] , [ARG0 he] [rel says] 0 *T*-1 .
- But `` [ARG1 I 'm a long-term investor] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARGM-ADV If we have a real bad day] , [ARG0 the program] [ARGM-MOD would] [rel say] , ` [ARG1 * Buy] , ' '' he explains *T*-1 .
- [ARG0 Mr. Taccetta] [rel says] [ARG1 0 he had just recouped the $ 5,000 *U* 0 he lost *T*-1 in the 1987 crash when he lost more money last Oct. 13 *T*-2] .
- `` [ARG1 I think 0 program trading is basically unfair to the individual investor] , '' [rel says] *T*-1 [ARG0 Leo Fields , a Dallas investor] .
- `` [ARG1 My stocks are all blue chips] , '' [ARG0 she] [rel says] *T*-1 .
- [ARG0 Young 's Market Co. , a wholesaler of spirits , wines and other goods ,] [rel said] [ARG1 0 it will merge with a new corporation formed * by the Underwood family , which *T*-1 controls Young 's] .
- [ARG0 The Underwood family] [rel said] [ARG1 that holders of more than a majority of the stock of the company have approved the transaction by written consent] .
- [ARG0 Mr. van Dover] [rel said] [ARG1 0 the AT&T team created the desired crystal changes by *-2 bombarding superconductor samples with neutrons , a process that *T*-1 creates some radioactivity in the samples and may not be feasible for large-scale commercial use] .
- [ARG0 The scientists] [rel said] [ARG1 0 they created small changes in the crystal-lattice structures of the superconductors *-2 to raise the amount of current that single crystals could carry *T*-1 to 600,000 amps per square centimeter in a moderately strong magnetic field] .
- [ARG0 Mr. van Dover] [rel said] [ARG1 0 the crystal changes 0 his team introduced *T*-1 apparently pins the magnetic fields in place , * preventing them from *-3 lowering current-carrying capacity] .
- [ARG0 The scientists] [rel said] [ARG1 0 they made the advance with yttrium-containing superconductors cooled * to liquid-nitrogen temperature , or minus 321 degrees Fahrenheit] .
- [ARG0 He] [rel says] [ARG1 0 he had Candlestick built because the Giants claimed 0 they needed 10,000 parking spaces] .
- `` [ARG1 This stadium shows that anything 0 government can do *T*-2 , we can do *-3 better] , '' [ARG0 Mr. Robbie] [rel says] *T*-1 .
- `` [ARG1 The Superdome is an exercise in optimism , a statement of faith] , '' [ARG0 he] has [rel said] *T*-1 .
- [ARGM-ADV As San Francisco digs out from The Pretty Big One] , [ARG0 opponents] [rel say] [ARG1 0 the last thing 0 the city can afford *T*-1 is an expensive new stadium] .
- [ARG0 Reed International PLC] [rel said] [ARG1 that net income for the six months ended Oct. 1 slipped 5 % to # 89.7 million *U* -LRB- $ 141.9 million *U* -RRB- , or 16 pence a share , from # 94.8 million *U* -LRB- $ 149.9 million *U* -RRB- , or 17.3 pence a share] .
- [ARG0 The British paper , packaging and publishing concern ,] [rel said] [ARG1 0 profit from continuing lines fell 10 % to # 118 million *U* from # 130.6 million *U*] .
- [ARG1 Earnings were hurt *-1 by disposal of operations in its restructuring] , [ARG0 Reed] [rel said] 0 *T*-2 .
- [ARG0 Standard & Poor 's Corp.] [rel says] [ARG1 0 First Boston , Shearson and Drexel Burnham Lambert Inc. , in particular , are likely *-1 to have difficulty *-2 shoring up their credit standing in months ahead] .
- `` [ARG1 The recent disarray in the junk bond market suggests that brokers may become longer-term creditors than they anticipated and may face long delays '' in * getting their money back] , [rel says] 0 *T*-2 [ARG0 Jeffrey Bowman , a vice president at S&P , which *T*-1 raised a warning flag for the industry in April when it downgraded CS First Boston *T*-3] .
- `` [ARG1 Wall Street is facing a Catch-22 situation] , '' [rel says] *T*-1 [ARG0 Mr. Mahoney of Moody 's] .
- [ARGM-LOC In a recent report] , [ARG0 Moody 's] [rel said] [ARG1 0 it `` expects intense competition to occur through the rest of the century in the securities industry , which *T*-1 , combined with overcapacity , will create poor prospects for profitability] . ''
- [ARG0 It] [rel said] [ARG1 that the `` temptation *ICH*-2 for managements * to ease this profit pressure by *-1 taking greater risks is an additional rating factor] . ''
- `` [ARG1 These two exposures alone represent a very substantial portion of CS First Boston 's equity] , '' [ARG0 Moody 's] [rel said] *T*-1 .
- [ARG1 Shearson `` really only has $ 300 million *U* of capital] , '' [rel says] *T*-1 [ARG0 Mr. Bowman of S&P] .
- [ARG0 A Shearson spokesman] [rel said] [ARG1 0 the firm is n't worried] .
- `` [ARG1 A year ago , Moody 's also had Shearson under review for possible downgrade] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 The firm 's capital , moreover , has n't grown at the same rate as in the past] , [ARG0 officials at these firms] [rel say] 0 *T*-1 .
- `` [ARG1 We 're well positioned *-2 with $ 1.7 billion *U* of capital] , '' [ARG0 a Drexel spokesman] [rel said] 0 *T*-1 .
- `` [ARG1 Just as the 1980s bull market transformed the U.S. securities business , so too will *?* the more difficult environment of the 1990s] , '' [rel says] *T*-1 [ARG0 Christopher T. Mahoney , a Moody 's vice president] .
- [ARG0 Ford Chairman Donald E. Petersen] [rel said] [ARGM-TMP yesterday] [ARG1 that Mr. Veraldi has `` helped *-1 to change the world 's perception of American-made cars] . ''
- The limits to legal absurdity stretched another notch this week when the Supreme Court refused *-2 to hear an appeal from [ARG0 a case] that *T*-1 [rel says] [ARG1 0 corporate defendants must pay damages even after *-3 proving that they could not possibly have caused the harm] .
- The ultimate result came in Hymowitz v. Lilly , where [ARG0 the highest New York court] expanded the market-share approach for the first time * to [rel say] [ARG1 that drug makers that *T*-1 could prove 0 Mindy Hymowitz 's mother did n't use their pill must still pay their share of any damages] *T*-2 .
- `` [ARG1 Public policy favors the development and marketing of beneficial new drugs , even though some risks , perhaps serious ones , might accompany their introduction because drugs can save lives and reduce pain and suffering] , '' [ARG0 the unanimous court] [rel said] *T*-1 .
- [ARG0 N.V . DSM] [rel said] [ARG1 0 net income in the third quarter jumped 63 % as the company had substantially lower extraordinary charges * to account for a restructuring program] .
- [ARG0 The Dutch chemical group] [rel said] [ARG1 0 net income gained to 235 million guilders -LRB- $ 113.2 million *U* -RRB- , or 6.70 guilders a share , from 144 million guilders , or 4.10 guilders a share , a year ago] .
- [ARG0 Allergan Inc.] [rel said] [ARG1 0 it received Food and Drug Administration approval * to sell the PhacoFlex intraocular lens , the first foldable silicone lens available for cataract surgery] .
- [ARG1 The len 's foldability enables it to be inserted *-1 in smaller incisions than * are now possible for cataract surgery] , [ARG0 the eye care and skin care concern] [rel said] 0 *T*-3 .
- [ARG0 Elco Industries Inc.] [rel said] [ARG1 0 it expects net income in the year ending June 30 , 1990 , to fall below a recent analyst 's estimate of $ 1.65 *U* a share] .
- [ARG0 The Rockford , Ill. , maker of fasteners] [ARGM-DIS also] [rel said] [ARG1 0 it expects *-2 to post sales in the current fiscal year that *T*-1 are `` slightly above '' fiscal 1989 sales of $ 155 million *U*] .
- [ARG0 The company] [rel said] [ARG1 0 its industrial unit continues *-1 to face margin pressures and lower demand] .
- [ARG0 The truck maker] [rel said] [ARG1 0 the significant drop in net income will result in lower earnings for the fiscal year] .
- [ARG0 The company] [rel said] [ARG1 0 it is in the process of * phasing out John Deere , its current source of production for midsized motor home chassis] .
- [ARGM-ADV In anticipation of the start-up of its new factory] , [ARG0 the company] [rel said] [ARG1 0 a larger-than-normal chassis supply has been built *-1 0 *T*-2 to carry it through the transition period] .
- [ARG0 Akio Yamamoto , managing director of Nomura Investment Trust Management ,] [rel said] [ARG1 that if the U.S. federal funds rate declines to around 8.5 % , institutions would acquire a clearer idea regarding the direction of the market and thus more comfortably participate in active buying] .
- [ARG0 Dealers] [rel said] [ARG1 0 most investor interest was focused *-1 on defensive blue-chip stocks , particularly those with limited U.K. exposure] .
- [ARG1 Sterling 's firm tone , combined with a steady opening on Wall Street , also tempted some investors to come back to the market] , [ARG0 dealers] [rel said] 0 *T*-1 .
- [ARG0 Dealers] [rel said] [ARG1 0 institutions were still largely hugging the sidelines on fears that the market 's recent technical rally might prove fragile] .
- It shed about 7 pence , however , after [ARG0 dealers] [rel said] [ARG1 0 the market was disappointed that Ford did n't move *-1 to tender a bid for control of the company] .
- [ARG0 Dealers] [rel said] [ARG1 0 the U.K. government 's decision *ICH*-1 Tuesday * to waive its protective `` golden share '' in the auto maker raised prospects of a bidding war between the two U.S. auto giants] .
- [ARG0 Dealers] [rel said] [ARG1 0 that interpretation sparked expectations of an imminent bid by Ford] .
- [ARG1 B.A.T Industries , which *T*-2 is being pursued *-1 by Sir James Goldsmith 's Hoylake Investments , rose 9 to 753 on speculation that Hoylake will sweeten its bid] , [ARG0 dealers] [rel said] 0 *T*-3 .
- [ARG0 Analysts] [rel said] [ARG1 0 the fall in pretax profit was due to the group 's recent restructuring and sale of peripheral units , and that its remaining businesses are performing well] .
- [ARG0 Dealers] [rel said] [ARG1 0 the market agreed] .
- [ARG1 Investors switched trading focus quickly as they did Tuesday , *-1 reflecting uncertainty about long-term commitments to any issue or sector] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARG1 The development] , [ARG0 traders] [rel said] 0 *T*-1 , showed that there is more than ample liquidity available for investment despite the market 's recent directionless trend .
- [ARG1 Dealers led the market Wednesday by *-1 actively trading for their own accounts] , [ARG0 observers] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 local authorities held hearings on the allegations last spring and had returned the plant to `` routine inspection '' in August] .
- -LRB- [ARG0 Fewer] [rel said] [ARG1 0 conditions wo n't change] . -RRB-
- [ARGM-TMP In October 1988] , [ARG0 21.1 %] [rel said] [ARG1 0 business conditions would improve] .
- `` [ARG1 The sharp stock market decline in late October appears *-1 to have had little or no effect on consumers] , '' [rel said] *T*-2 [ARG0 Fabian Linden , executive director of the Conference Board 's consumer research center] .
- [ARGM-TMP In October 1989] , [ARG0 16.9 %] [rel said] [ARG1 0 more jobs will be created *-1 in the coming six months] , [ARGM-ADV compared with 17.4 % in September and 18.6 % in October 1988] .
- [ARG0 Only 26.8 % in October] , [ARGM-ADV compared with 28.5 % in September and 26.8 % in October 1988] , [rel said] [ARG1 0 income would increase] .
- `` [ARG1 The sustained level of confidence can be attributed *-3 to the continued favorable circumstances which *T*-1 affect the consumer 's day-to-day economic life] , '' [rel said] *T*-2 [ARG0 Mr. Linden] .
- Buying plans were mixed in October , with fewer households indicating plans * to buy cars and [ARG0 more] [rel saying] [ARG1 0 they will buy homes and appliances in the coming six months] .
- [ARGM-TMP In October] , [ARG0 6.7 % of respondents] [rel said] [ARG1 0 they will buy a car] , [ARGM-ADV * easing from September when 8.1 % anticipated a purchase *T*-1] .
- [ARGM-TMP In October 1988] , [ARG0 7.3 %] [rel said] [ARG1 0 they would buy a car] .
- [ARGM-TMP In October 1988] , [ARG0 3.7 %] [rel said] [ARG1 0 they would buy a house] .
- [ARGM-TMP In October] , [ARG0 30.6 %] [rel said] [ARG1 0 they will buy appliances in the coming six months] , [ARGM-ADV compared with 27.4 % in September and 26.5 % in October 1988] .
- [ARG0 The nonprofit , industry-supported group] [rel said] [ARG1 0 its Consumer Confidence Index was 116.4 in October , *-1 barely changed *-2 from a revised 116.3 in September] .
- [ARGM-TMP In October] , [ARG0 more people *ICH*-1] [rel said] [ARG1 that present business conditions were `` good ''] than in September .
- [ARG0 An equal number in each month] [rel said] [ARG1 that employment conditions were good] .
- [ARGM-DIS Also] , [ARG0 more people] [rel said] [ARG1 0 conditions will worsen in the period] .
- `` [ARG1 There were so many economic reports but the market did n't care about any of them] , '' [rel said] *T*-1 [ARG0 Kathleen Camilli , a money market economist at Drexel Burnham Lambert Inc] .
- [ARG0 Mr. Lieberman] [rel said] [ARG1 0 the diverse showing in yesterday 's reports `` only enhances the importance of the employment data] . ''
- `` [ARG1 So the focus turned to other fixed-income markets , corporate and mortgages in particular] , '' [ARG0 she] [rel said] *T*-1 .
- [ARGM-LOC In a surprise announcement] , [ARG0 the Treasury] [rel said] [ARG1 0 it will reopen the outstanding benchmark 30-year bond rather than create a new one for next week 's quarterly refunding of the federal debt] .
- [ARG0 Credit market analysts] [rel said] [ARG1 0 the decision * to reopen the current benchmark , the 8 1\/8 % bond due August 2019 , is unusual because the issue trades at a premium to its face amount] .
- [ARG0 Some dealers] [rel said] [ARG1 0 the Treasury 's intent is * to help government bond dealers gauge investor demand for the securities , * given uncertainties about when the auction will occur *T*-1] .
- [ARG0 The Treasury] [rel said] [ARG1 0 the refunding is contingent upon congressional and presidential passage of an increase in the federal debt ceiling] .
- [ARG0 Moody 's] [rel said] [ARG1 0 those returns compare with a 3.8 % total return for longer-term Treasury notes and bonds] .
- For [ARG3-For the year to date] , [ARG0 Moody 's] [rel said] [ARG1 0 total returns were topped *-1 by the 16.5 % of longer-term Treasury issues , *-2 closely followed *-3 by 15 % for investment-grade bonds] .
- `` [ARG1 Little wonder that buyers for junk have been found *-1 wanting] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Moody 's] [rel said] [ARG1 0 the average net asset value of 24 junk-bond mutual funds fell by 4.2 % in October] .
- [ARG1 In the investment-grade corporate market , `` it 's rare that you get an opportunity * to buy a name that *T*-1 has such broad appeal and has such attractive call features] , '' [rel said] 0 *T*-2 [ARG0 James Ednie , a Drexel industrial bond trader] .
- [ARG0 West German dealers] [rel said] [ARG1 0 there was little interest in Treasury bonds ahead of Thursday 's new government bond issue] .
- [ARG1 So far] , [ARG0 they] [rel said] 0 *T*-2 , investors appear unenthusiastic about the new issue which *T*-1 might force the government to raise the coupon to more than 7 % .
- [ARG0 Syndicate officials at lead underwriter Salomon Brothers Inc.] [rel said] [ARG1 0 the debentures were snapped by up *-1 pension funds , banks , insurance companies and other institutional investors] .
- `` [ARG1 Whether you thought 0 the economy was growing weak or holding * steady , yesterday 's economic indicators did n't change your opinion] , '' [rel said] *T*-1 [ARG0 Charles Lieberman , a managing director at Manufacturers Hanover Securities Corp] .
- [ARG0 The rating concern] [rel said] [ARG1 0 the textile and clothing company 's interest expense exceeds operating profit `` by a wide margin ''] and it noted United 's estimated after-tax loss of $ 24 million *U* for the year ended June 30 .
- [ARG0 The department] [rel said] [ARG1 0 it referred the takeover to the Monopolies and Mergers Commission because of the purchase 's possible effects on the U.K. market for distribution of replacement tires] .
- [ARG0 BTR PLC , a U.K. industrial conglomerate ,] [rel said] [ARGM-TMP in June] [ARG1 0 it had sold its National Tyre Service business to Michelin Investment Ltd. , a U.K. unit of the tire maker , for # 140 million *U* -LRB- $ 221.4 million *U* -RRB-] .
- [ARG0 People close to the utility industry] [rel said] [ARG1 0 Mr. Dingell 's proposal appears *-3 to guarantee only an estimated seven-million-ton cut in annual sulfur-dioxide emissions that *T*-2 lead to acid rain , though additional cuts could be ordered *-1 later] .
- [ARGM-ADV Although final details were n't available] , [ARG0 sources] [rel said] [ARG1 0 the Dingell plan would abandon the president 's proposal for a cap on utilities ' sulfur-dioxide emissions] .
- [ARG0 American City Business Journals Inc.] [rel said] [ARG1 0 its president , Michael K. Russell , will resign rather than relocate to new headquarters in Charlotte , N.C] .
- [ARG0 Mr. Russell , who *T*-1 co-founded the Kansas City , Mo.-based local business publications concern here ,] [rel said] [ARG1 0 he would have a five-year consulting agreement with the company , which *T*-2 recently underwent an ownership change] .
- [ARG0 Ray Shaw , chairman of American City ,] [rel said] [ARG1 0 he would assume Mr. Russell 's responsibilities if a successor is n't found *-1 this month] .
- [ARG0 New York financier Saul Steinberg] sought federal permission * to buy more than 15 % of United Airlines ' parent , UAL Corp. , *-1 [rel saying] [ARG1 0 he might seek control of the nation 's second-largest airline] .
- [ARG0 Market sources] [rel said] [ARG1 0 Reliance has already sold its entire UAL stake , and thus would n't have any reason * to file the application simply * to boost the value of its stock] .
- Although [ARG0 takeover experts] [rel said] [ARG1 0 they doubted 0 Mr. Steinberg will make a bid by himself] , the application by his Reliance Group Holdings Inc. could signal his interest in * helping *-1 revive a failed labor-management bid .
- [ARG0 Some takeover experts] were skeptical , *-1 [rel saying] [ARG1 0 it *EXP*-2 was possible that Mr. Steinberg made the filing only *-3 to help *-4 boost the value of any remaining Reliance stake in UAL] .
- `` [ARG1 Maybe he just wants *-2 to make something happen] , '' [rel said] *T*-1 [ARG0 one takeover expert] .
- [ARG0 One investment banker] [rel said] [ARG1 0 Mr. Steinberg may be trying *-2 to position himself as a friendly investor who *T*-1 could help UAL Chairman Stephen Wolf revive a failed labor-management bid] .
- [ARG1 A.L. Williams Corp. was merged *-1 into Primerica Corp. , New York , after a special meeting of Williams shareholders cleared the transaction] , [ARG0 the companies] [rel said] 0 *T*-2 .
- [ARG0 Intelogic Trace Inc. , San Antonio , Texas ,] [rel said] [ARG1 0 it bought 2.7 million shares *RNR*-1 , or about 18 % *RNR*-1 , of its common stock from an unaffiliated shareholder for $ 3.625 *U* a share , or $ 9.9 million *U*] .
- [ARG0 Mr. Edelman] declined *-2 to specify what *T*-1 prompted the recent moves , *-2 [rel saying] [ARG1 0 they are meant only *-4 to benefit shareholders when `` the company is on a roll *T*-3] . ''
- But [ARG0 Mr. Ackerman] [rel said] [ARG1 0 the buy-back , and the above-market price paid * , prove that Mr. Edelman is running *-1 scared] .
- [ARG0 Dow Jones & Co.] [rel said] [ARG1 0 it extended its $ 18-a-share *U* offer for Telerate Inc. common stock until 5 p.m. EST Nov. 9] .
- [ARG0 Dow Jones , which *T*-1 owns about 64 million of Telerate 's 95 million common shares outstanding ,] [rel said] [ARG1 that about 24,000 shares have been tendered *-2 under its offer] .
- [ARGM-LOC In an interview] , [ARG0 Donald Beall , chairman ,] [rel said] [ARG1 0 first-half profit certainly would trail the past year 's , primarily because of weakness in the heavy-truck and passenger-car markets] .
- [ARG0 Mr. Beall] [rel said] [ARG1 that he was generally pleased with the latest numbers] and cited a particularly strong showing by the company 's electronics segment .
- [ARG0 Dell Computer Corp.] [rel said] [ARG1 0 it cut prices on several of its personal computer lines by 5 % to 17 % *U*] .
- [ARG0 The Austin , Texas-based company , which *T*-1 specializes in the direct sale of personal computers and accessories ,] [rel said] [ARG1 0 its price cuts include a $ 100 *U* reduction on its System 210 computer with 512 kilobytes of memory , a 40-megabyte hard disk and a color monitor] .
- [ARG1 Also , there has been a switch *ICH*-3 in the past decade to planting of orange trees in areas that *T*-5 were previously used *-1 for cane , and this change is being felt *-4 now] , [ARG0 she] [rel said] 0 *T*-2 .
- Most important , Ms. Ganes noted 0 *T*-2 , `` [ARG0 Brazilian officials] [rel said] [ARG1 that no decision has as yet been made *-1 on the suspension of exports] . ''
- [ARG0 Thomas Oxnard , sugar analyst for PaineWebber in Hackensack , N.J. ,] [rel said] : `` [ARG1 I am highly skeptical that Brazil will curtail sugar exports , particularly with the price of sugar at over 14 cents a pound] . ''
- `` [ARG1 Professional sugar people here who *T*-1 have strong contacts with the Brazilian sugar industry have been unable *-3 to confirm the reports or get enough information 0 * to clarify the situation *T*-4] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 Although traders rushed *-3 to buy futures contracts , many remained skeptical about the Brazilian development , which *T*-4 could n't be confirmed *-1] , [ARG0 analysts] [rel said] 0 *T*-2 .
- `` It 's the type of nervous atmosphere in which a report *ICH*-1 can be put out *-6 *T*-2 , such as [ARG0 the one] [rel saying] [ARG1 0 exports will be suspended *-7] , and no one can confirm it . ''
- `` [ARG1 It has *-1 to weigh , on the other hand , the relatively high price of sugar 0 it can earn *T*-3 on the export market in * making decisions as to whether * to produce sugar or alcohol] , '' [ARG0 Mr. Oxnard] [rel said] *T*-2 .
- [ARG1 Mexico , which *T*-1 is normally a sugar exporter , has had production problems in the past two years] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARGM-TMP This year] [ARG1 it] is expected *-1 to be a net importer and is [rel said] *-1 to be seeking *-2 to buy about 200,000 tons of sugar *-3 to meet internal needs , analysts said 0 *T*-4 .
- [ARG1 This year it is expected *-1 to be a net importer and is said *-1 to be seeking *-2 to buy about 200,000 tons of sugar *-3 to meet internal needs] , [ARG0 analysts] [rel said] 0 *T*-4 .
- [ARGM-ADV As an indicator of the tight grain supply situation in the U.S.] , [ARG0 market analysts] [rel said] [ARG1 that late Tuesday the Chinese government , which *T*-1 often buys U.S. grains in quantity , turned instead to Britain *-2 to buy 500,000 metric tons of wheat] .
- [ARG0 Traders] [rel said] [ARG1 0 prices also were supported *-1 by widespread rumors that the Soviet Union is on the verge of * receiving most favored nation status from the U.S.] .
- [ARG1 Buying for the most part carried over from the previous session , and traders apparently ignored reports that a Chilean mine strike may have ended almost before it began] , [ARG0 an analyst] [rel said] 0 *T*-1 .
- [ARG1 However , some workers have n't yet accepted the new contract and are continuing negotiations] , [ARG0 the analyst] [rel said] 0 *T*-1 .
- `` [ARG1 This is a demand that *T*-3 must be met *-1 , regardless of the price of oil ,] '' [rel said] *T*-2 [ARG0 Mr. Stevenson] .
- [ARG0 The parent of Younkers] , [ARGM-TMP after *-1 failing * to find a buyer for the chain of Midwestern department stores] , [rel said] [ARG1 0 it will sell a stake in the chain to management and take other steps *-2 to reduce its investment in retailing] .
- But [ARG0 Equitable] [rel said] [ARG1 0 it was unable *-1 to find a buyer willing * to pay what it considers *T*-2 `` fair value '' for Younkers because of recent turmoil in the bond and stock markets and in retailing] .
- [ARG1 Younkers management is likely *-1 to buy a 10 % to 20 % *U* interest in the chain in January] , [rel said] 0 *T*-2 [ARG0 Fred S. Hubbell , Equitable 's president and chief executive officer] .
- [ARG0 He] [rel said] [ARG1 0 Equitable hopes *-1 to eventually reduce its stake in Younkers to less than 50 %] .
- [ARG0 Tony Lama Co.] [rel said] [ARG1 that Equus Investment II Limited Partnership has proposed *-1 changing the offer for the company to $ 13.65 *U* in cash and stock from an all-cash transaction] .
- [ARG0 The El Paso , Texas , maker of Western boots and leather accessories] [rel said] [ARG1 0 the preferred stock would accrue dividends at a 12 % rate , but would n't be paid *-1 for the first two years] .
- [ARGM-DIS However] , [ARG0 Tony Lama] [rel said] [ARG1 0 it would promptly submit the offer to a special committee of the company 's board] .
- [ARG0 Reuters Holdings PLC] [rel said] [ARG1 0 Michael Reupke resigned as general manager *-1 to pursue unspecified interests , a move 0 the news organization termed *T*-2 an `` amicable separation] . ''
- [ARG0 Mark Shepperd , an analyst at UBS Phillips & Drew in London ,] [rel said] , `` [ARG1 I suspect 0 -LRB- the departure -RRB- will be fairly irrelevant for the company] .
- [ARG1 No successor was named *-1 , and Mr. Reupke 's duties will be split *-2 among three other senior Reuters executives] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARGM-LOC In a telephone interview] , [ARG0 Mr. Reupke] [rel said] [ARG1 0 his departure was for `` personal reasons , '' which he declined *-2 to specify *T*-1] .
- `` [ARG1 If I were choosing the people of tomorrow , I would have chosen the people who *T*-1 are now on the board] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 A Reuters spokesman] [rel said] [ARG1 0 the departure reflects `` no change in strategy or profits] . ''
- [ARG0 DD Acquisition] [rel said] [ARG1 0 2.2 million shares , or about 38.5 % of the shares outstanding , have been tendered *-1 under its offer] .
- [ARG0 The partners] [rel said] [ARG1 0 they already hold 15 % of all shares outstanding] .
- [ARG0 DD Acquisition] [rel said] [ARG1 0 the extension is * to allow this process to be completed *-2] .
- [ARG0 A spokesman for the Stamford , Conn.based company] [rel said] [ARG1 0 operations had a loss of $ 5.5 million *U* for the quarter] ; in addition , the loss was magnified *-1 by nonrecurring charges totaling $ 23.5 million *U* and $ 8.2 million *U* in asset-valuation adjustments that he described *T*-2 as `` unusual . ''
- [ARG1 The charges were partly offset *-1 by a $ 2 million *U* gain on the sale of investments of two joint ventures] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 Hadson Corp.] [rel said] [ARG1 0 it expects *-1 to report a third-quarter net loss of $ 17 million to $ 19 million *U* because of special reserves and continued low natural-gas prices] .
- [ARG0 The Oklahoma City energy and defense concern] [rel said] [ARG1 0 it will record a $ 7.5 million *U* reserve for its defense group , including a $ 4.7 million *U* charge related * to problems under a fixed-price development contract and $ 2.8 million *U* in overhead costs that *T*-2 wo n't be reimbursed *-1] .
- [ARGM-DIS In addition] , [ARG0 Hadson] [rel said] [ARG1 0 it will write off about $ 3.5 million *U* in costs related * to international exploration leases where exploration efforts have been unsuccessful *T*-1] .
- `` [ARG1 This market 's still going through its pains] , '' [rel said] *T*-1 [ARG0 Philip Puccio , head of equity trading at Prudential-Bache Securities] .
- [ARGM-ADV While renewed optimism about the outlook for takeover activity boosted several so-called deal stocks] , [ARG0 traders] [rel said] [ARG1 0 profit-taking weighed on the market , with blue-chips bearing the brunt of the selling] .
- [ARG1 Uncertainty about the prospects for further action * to curtail stock-index arbitrage , a form of program trading blamed * for recent volatility in the market , also contributed to its lack of direction] , [ARG0 Mr. Puccio] [rel said] 0 *T*-1 .
- `` [ARG1 I sense that some people are reluctant *-2 to stick their necks out in any aggressive way until after the figures come out] , '' [rel said] *T*-1 [ARG0 Richard Eakle , president of Eakle Associates , Fair Haven ,]
- Prudential-Bache Securities boosted the stock 's short-term investment rating in response to the departure ; [ARG0 analyst John McMillin] [rel said] [ARG1 0 he believes 0 the company will turn to new management `` that *T*-1 's more financially oriented] . ''
- [ARG0 The company] [rel said] [ARG1 0 it plans a fourth-quarter charge , which it did n't specify *T*-1 , for an early-retirement program] .
- [ARG0 Drexel Burnham Lambert analyst Michael Derchin] [rel said] [ARG1 0 he sees a 70 % chance that the parent of United Airlines , the target of a failed $ 300-a-share *U* offer from a labor-management group , will be acquired or restructured *-1 within six months] .
- [ARG0 Freeport-McMoRan Inc.] [rel said] [ARG1 0 it will convert its Freeport-McMoRan Energy Partners Ltd. partnership into a publicly traded company through the exchange of units of the partnership for common shares] .
- [ARG0 The company] [rel said] [ARG1 0 the restructuring is n't expected *-1 to have any impact , adverse or otherwise , on its financial results] .
- [ARG0 Freeport-McMoRan , a New Orleans-based diversified energy conglomerate ,] [rel said] [ARG1 0 the partnership will exchange its assets for common shares of a yet-to-be-formed entity] .
- [ARG1 Unitholders will receive two additional 55 cents-a-unit distribution payments before the trust is liquidated *-1 in early 1990] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Atsushi Muramatsu , executive vice president and chief financial officer of Nissan ,] [rel said] , `` [ARG1 The company has experienced a remarkable turnaround in terms of profitability since the fiscal year ending March 1987 , when the sharp and rapid appreciation of the yen caused many difficulties *T*-1] .
- `` It [ARGM-MOD can] be [rel said] [ARG1 that the trend of financial improvement has been firmly set] , '' he added *T*-1 .
- [ARG0 Heritage Media Corp. , New York ,] [rel said] [ARG1 0 it offered *-2 to buy the shares of POP Radio Corp. 0 it does n't already own *T*-1 in a stock swap] .
- [ARG0 Heritage , which *T*-1 owns 51 % of POP 's 3.6 million shares outstanding ,] [rel said] [ARG1 0 it will exchange one share of a new preferred stock for each POP common share 0 it does n't already own *T*-2] .
- [ARG0 GenCorp Inc. , hurt * by a plant accident and other unexpected costs ,] [rel said] [ARG1 0 it expects *-1 to report that fiscal fourth-quarter profit from continuing operations will be significantly below last year 's $ 25 million *U*] .
- [ARG0 The Fairlawn , Ohio-based company] [ARGM-DIS also] [rel said] [ARG1 that full-year profit from continuing operations will be far below last year 's $ 148 million *U*] .
- [ARG0 Harry Millis , an analyst at McDonald & Co. in Cleveland ,] [rel said] [ARG1 0 GenCorp 's unanticipated losses come largely from an accident at a government-owned assembly plant in Kansas , run * by a private subcontractor , that *T*-1 makes cluster bombs for GenCorp 's Aerojet Ordnance business] .
- [ARG0 Transamerica Corp. , San Francisco ,] [rel said] [ARG1 0 third-quarter profit was essentially flat despite a large one-time gain a year earlier] .
- [ARG0 The insurance and financial services concern] [rel said] [ARG1 0 profit for the quarter rose 1.1 % to $ 93.9 million *U* , or $ 1.19 *U* a share , compared with $ 92.9 million *U* , or $ 1.18 *U* a share , the year earlier] .
- [ARG0 Transamerica] [rel said] [ARG1 0 third-quarter investment gains were $ 10.2 million *U* , compared with $ 6.4 million *U* the year earlier] .
- [ARG0 It] [rel said] [ARG1 0 insurance profit reflected a $ 6 million *U* loss from Hurricane Hugo] .
- [ARG0 RMS International Inc. , Hasbrouk Heights , N.J.] , [ARGM-ADV *-1 facing a cash-flow squeeze] , [rel said] [ARG1 0 it is seeking other financing sources and waivers from debenture holders] .
- [ARG0 The company] [rel said] [ARG1 that because of softening sales it is n't in compliance with requirements that it maintain $ 3 million *U* in working capital] .
- [ARG0 RMS] [rel said] [ARG1 0 it had a loss of $ 158,666 *U* , or 10 cents a share , in the third quarter , compared with a year-earlier loss of $ 26,956 *U* , or two cents a share] .
- [ARG0 Meridian National Corp.] [rel said] [ARG1 0 it sold 750,000 shares of its common stock to the McAlpine family interests , for $ 1 million *U* , or $ 1.35 *U* a share] .
- [ARG1 The sale of shares to the McAlpine family along with the recent sale of 750,000 shares of Meridian stock to Haden MacLellan Holding PLC of Surrey , England and a recent public offering have increased Meridian 's net worth to $ 8.5 million *U*] , [rel said] 0 *T*-1 [ARG0 William Feniger , chief executive officer of Toledo , Ohio-based Meridian] .
- Ratners Group PLC , a fast-growing , acquisition-minded London-based jeweler , raised its price for Seattle-based specialty jeweler Weisfield 's Inc. to $ 57.50 *U* a share , or $ 62.1 million *U* , from $ 50 *U* a share , or $ 55 million *U* , after [ARG0 another concern] [rel said] [ARG1 0 it would be prepared *-1 to outbid Ratners 's initial offer] .
- [ARG0 Ratners 's chairman , Gerald Ratner ,] [rel said] [ARG1 0 the deal remains of `` substantial benefit to Ratners] . ''
- [ARG0 Carnival Cruise Lines Inc.] [rel said] [ARG1 0 potential problems with the construction of two big cruise ships from Finland have been averted *-1] .
- [ARGM-TMP Yesterday] , [ARG0 Carnival] [rel said] [ARG1 0 a new company *ICH*-1 has been formed *-2 in Finland that *T*-3 will carry on Waertsilae 's shipbuilding operations] .
- [ARG0 Carnival] [rel said] [ARG1 0 it will be an 11 % shareholder in the new company] .
- [ARG0 Carnival] [rel said] [ARG1 0 the Fantasy , a 2,050-passenger ship that *T*-3 was slated *-4 to be delivered *-2 this month , will be delivered *-1 in January] .
- [ARG1 A planned third ship still may be built *-1 in the Finnish shipyard , or may be built *-1 elsewhere] , [ARG0 Carnival] [rel said] 0 *T*-2 .
- The bulk of the pretax charge is a $ 62 million *U* write-off of capitalized servicing at the mobile home financing subsidiary , which [ARG0 the company] [rel said] [ARG1 0 *T*-1 had been a big drain on earnings] .
- [ARG0 The company] [rel said] [ARG1 0 the one-time provision would substantially eliminate all future losses at the unit] .
- [ARG0 The thrift] [rel said] that `` [ARG1 after these charges and * assuming no dramatic fluctuation in interest rates] , the association expects *-1 to achieve near record earnings in 1990 . ''
- [ARG0 First of America Bank Corp.] [rel said] [ARG1 0 it completed its acquisition of Midwest Financial Group Inc. for about $ 250 million *U*] .
- [ARG0 Kalamazoo , Mich.-based First of America] [rel said] [ARG1 0 it will eliminate the 13 management positions of the former Midwest Financial parent company] .
- [ARG0 First of America] [rel said] [ARG1 0 some of the managers will take other jobs with First of America] .
- But [ARG0 it] [rel said] [ARG1 that severance payments to those executives not staying with the company will reduce First of America 's operating results for 1989 by $ 3 million *U* to $ 4 million *U* , or 15 cents to 20 cents a share] .
- [ARG0 ORTEGA] ENDED a truce with the Contras and [rel said] [ARG1 0 elections were threatened *-1] .
- [ARGM-DIS Also] , [ARG0 a Communist official] [ARGM-TMP for the first time] [rel said] [ARG1 0 the future of the Berlin Wall could be open to discussion] .
- [ARG0 The assistant HHS secretary] [rel said] [ARG1 0 the ban `` should be continued *-1 indefinitely] . ''
- [ARG0 Guerrilla leaders] [rel said] [ARG1 0 Pretoria was attempting *-1 to sabotage next week 's elections in Namibia] .
- [ARG0 Mexico 's President Salinas] [rel said] [ARG1 0 the country 's recession had ended and the economy was growing again] .
- [ARG0 The White House] [rel said] [ARG1 0 the shipboard meetings next month between Bush and Soviet leader Gorbachev will take place in the waters off Malta] .
- [ARG0 He] [rel said] [ARG1 0 U.S. assistance should be used *-1 * to demobilize the rebels] .
- [ARG0 The Contra military command] , [ARGM-LOC in a statement from Honduras] , [rel said] [ARG1 0 Sandinista troops had launched a major offensive against the rebel forces] .
- [ARG0 East German leader Krenz] called the protests in his country a `` good sign , '' *-1 [rel saying] [ARG1 that many of those marching for democratic freedoms were showing support for `` the renovation for socialism] . ''
- [ARG0 The Communist Party chief] , *-1 in Moscow for talks with Soviet officials , [ARGM-DIS also] [rel said] [ARG1 0 East Germany would follow Gorbachev 's restructuring plans] .
- [ARG1 Sony Columbia Acquisition Corp. , formed * for the Columbia deal , will formally take ownership of the movie studio later this month] , [ARG0 a spokesman] [rel said] 0 *T*-1 .
- [ARG0 A spokeswoman for Crum & Forster] [rel said] [ARG1 0 employees were told *-1 early this week that numerous staff functions for the personal insurance lines were going *-3 to be centralized *-2 as a cost-cutting move] .
- [ARG0 She] [rel said] [ARG1 0 the move would result in a after-tax charge of less than $ 4 million *U* 0 *T*-2 to be spread *-1 over the next three quarters] .
- Factory orders and construction outlays were largely flat in September , while [ARG0 purchasing agents] [rel said] [ARG1 0 manufacturing shrank further in October] .
- [ARG0 Steinberg] sought clearance 0 * to buy more than 15 % of United Air 's parent *T*-2 , *-1 [rel saying] [ARG1 0 he may seek control] .
- [ARG0 Takeover experts] [rel said] [ARG1 0 they doubted 0 the financier would make a bid by himself] .
- [ARG0 Random House Chairman Robert Bernstein] [rel said] [ARG1 0 he is resigning from the publishing house 0 he has run *T*-1 for 23 years] .
- [ARGM-DIS Also] , [ARG0 Big Board Chairman Phelan] [rel said] [ARG1 0 he would support SEC halts of program trading during market crises but not any revival of a `` collar '' on trading] .
- [ARGM-ADV While many problems would attend a restructuring of Columbia] , [ARG0 investors] [rel say] [ARG1 0 Mr. Spiegel is mulling such a plan 0 * to mitigate Columbia 's junk problems *T*-1] .
- Some think 0 Columbia 's thrift , which *T*-1 now is seeking a new chief operating officer , might be capitalized *-3 at , [rel say] [ARG1 $ 300 million *U*] , and shopped *-3 to a commercial bank that *T*-2 wants a California presence .
- [ARG1 The thrift surely could be sold *-1 for more than the value of its equity] , [ARG0 financial industry executives] [rel say] 0 *T*-2 .
- [ARG1 Meanwhile , the bad bank with the junk bonds -- and some capital -- might be spun off *-1 to Columbia shareholders , including Mr. Spiegel , who *T*-2 might then have a new career] , [ARG0 investors] [rel say] 0 *T*-3 .
- [ARG1 You sell the good bank as an ongoing operation and use some of the proceeds *-1 to capitalize the bad bank] , '' [rel says] *T*-2 [ARG0 thrift specialist Lewis Ranieri of Ranieri Associates in New York] .
- `` [ARG1 They are n't really a thrift] , '' [rel says] *T*-1 [ARG0 Jonathan Gray , a Sanford C. Bernstein analyst] .
- And [ARG0 some investment bankers] [rel say] [ARG1 0 a restructuring is n't feasible while the SEC still is scrutinizing Mr. Spiegel 's past junk-bond trades] .
- [ARG0 Mr. Spiegel 's fans] [rel say] [ARG1 0 Columbia 's Southern California branches are highly salable] , and the thrift has $ 458 million *U* of shareholders equity underlying its assets .
- [ARG0 Genetics Institute Inc. , Cambridge , Mass. ,] [rel said] [ARG1 0 it was awarded *-4 U.S. patents for Interleukin-3 and bone morphogenetic protein] .
- [ARG1 Interleukin-3 may help in * treating blood cell deficiencies associated * with cancer treatment , bone marrow transplants and other blood-cell disorders] , [ARG0 Genetics Institute] [rel said] 0 *T*-1 .
- [ARG1 The patent covers BMP-1 type proteins and pharmaceutical compositions and methods for * treating bone or cartilage defects] , [ARG0 Genetics Institute] [rel said] 0 *T*-1 .
- [ARG1 BMP products may be useful in fracture healing and in * treating bone loss associated * with periodontal disease and certain cancers] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 People familiar with the Senate Judiciary Committee , which *T*-1 will vote on the nomination ,] [rel said] [ARG1 0 some liberal members of the panel are likely *-2 to question the ABA rating in hearings on the matter] .
- [ARG0 Fourteen members of the House with jurisdiction over the EEOC] have [rel said] [ARG1 0 they oppose Mr. Thomas 's nomination because of `` serious questions about his judgment -LCB- and -RCB- respect for the law] . ''
- [ARG0 A senior Justice Department official] , [ARGM-DIS however] , [rel said] [ARG1 0 the administration is n't worried about the ABA rating] .
- `` [ARG1 We 're pleased 0 the ABA rated him qualified] , '' [ARG0 David Runkel , the department 's chief spokesman ,] [rel said] *T*-1 [ARGM-LOC in an interview] .
- [ARG0 Metallgesellschaft AG] [rel said] [ARG1 0 it agreed *-1 to acquire 51 % of Lentjes AG from the Ferdinand Lentjes Foundation] .
- [ARG0 Metallgesellschaft , a diversified Frankfurt , West Germany-based metals group ,] [rel said] [ARG1 0 it is buying the stake in the specialized engineering company *-1 to expand its production of environmental supplies for power plants] .
- [ARG1 Lentjes ' product mix of specialized boilers and pipes provides a good fit with its own Lurgi G.m.b . H. plant engineering unit] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 The move is part of a strategy 0 *T*-3 to focus on its core metals trading , processing and plant engineering activities while *-1 shedding peripheral units] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 ITC officials] [rel said] [ARG1 0 final Commerce Department and ITC rulings wo n't come until next March or later] .
- [ARG0 Upjohn Co.] [rel said] [ARG1 0 it will offer an early retirement package to as many as 1,100 employees in a cost-cutting move expected * to result in a fourth-quarter charge] .
- [ARG0 An Upjohn spokesman] [rel said] [ARG1 0 he had `` heard nothing '' 0 *T*-3 to suggest 0 the early retirement package was spurred *-1 by shareholder pressure or a potential bidder for the company , which *T*-2 occasionally has been the target of takeover speculation] .
- [ARG0 Upjohn officials] [rel said] [ARG1 0 they could n't estimate the size of the charge until they determine which employees , and how many , *T*-1 will participate in the retirement plan] .
- [ARG0 The spokesman] [rel said] [ARG1 0 it is the first early retirement plan offered under its two-year cost-control strategy] .
- [ARG1 Earlier staff-reduction moves have trimmed about 300 jobs] , [ARG0 the spokesman] [rel said] 0 *T*-1 .
- But [ARG0 the pharmaceutical company] [rel said] [ARG1 0 it `` anticipates 0 the long-term savings resulting from the plan 's implementation will more than offset short-term costs] . ''
- `` [ARG1 It 's a cosmetic move] , '' [rel said] *T*-1 [ARG0 Jonathan S. Gelles of Wertheim Schroder & Co] .
- [ARG0 They] do at least come around to * [rel saying] [ARG1 that the courts might want *-1 to end `` rigid affirmative action programs] . ''
- [ARG1 The new company will attempt *-1 to limit the shipyard 's losses] , [ARG0 participants] [rel said] 0 *T*-2 .
- [ARG1 Everything will be taken over *-1 by the new company] , '' [rel said] *T*-2 [ARG0 Christian Andersson , executive vice president of Oy Waertsilae , former parent of Waertsilae Marine] .
- [ARG1 Subcontractors will be offered *-1 a settlement and a swift transition to new management is expected *-2 to avert an exodus of skilled workers from Waertsilae Marine 's two big shipyards] , [ARG0 government officials] [rel said] 0 *T*-3 .
- [ARG1 Customers holding contracts for Waertsilae Marine 's undelivered ships are expected *-1 to subscribe most of the remaining 170 million markkaa in share capital] , [ARG0 government officials] [rel said] 0 *T*-2 .
- [ARGM-ADV Its plans * to be acquired *-1 dashed *-2] , [ARG0 Comprehensive Care Corp.] [rel said] [ARG1 0 it plans *-3 to sell most of its psychiatric and drug abuse facilities in California and some other assets *-3 to pay its debt and provide working capital] .
- [ARG1 In all , the company hopes *-2 to repay $ 45 million *U* in debt through the sales , which *T*-1 will completely discharge its secured debt] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG0 Mr. Nichol] [rel said] [ARG1 0 he was `` extremely disappointed in the continuing deterioration of the company 's operations while it attempted *-1 to conclude the reorganization during the past four months] . ''
- [ARG0 Ralston] [rel said] [ARG1 0 its Eveready battery unit was hurt *-1 by continuing economic problems in South America] .
- [ARG0 Ralston] [rel said] [ARG1 0 its restructuring costs include the phase-out of a battery facility in Greenville , N.C. , the recent closing of a Hostess cake bakery in Cincinnati and a reduction in staff throughout the company] .
- [ARG1 The battery plant , which *T*-2 makes rechargeable nickel cadmium and carbon zinc products , will be closed *-1 over the next year or so] , [ARG0 a spokesman] [rel said] 0 *T*-3 .
- [ARG1 For the year , pet food volume was flat] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 First Chicago Corp.] [rel said] [ARG1 0 it completed its $ 55.1 million *U* cash-and-stock acquisition of closely held Ravenswood Financial Corp. , another Chicago bank holding company] .
- [ARG1 At St. Louis , the water level of the Mississippi River is already 6.5 feet below normal and it could drop an additional 2.5 feet when the flow of the Missouri River is slowed *-1 *T*-2] , [ARG0 an Army Corps spokesman] [rel said] 0 *T*-3 .
- [ARG1 Many farmers probably would n't sell until prices rose at least 20 cents a bushel] , [rel said] 0 *T*-1 [ARG0 Lyle Reed , president of Chicago Central & Pacific Railroad Co. of Waterloo , Iowa] .
- `` [ARG1 The public is buying the market when in reality there is plenty of grain 0 *T*-3 to be shipped *-1 *T*-2] , '' [rel said] *T*-4 [ARG0 Bill Biedermann , Allendale Inc. research director] .
- `` [ARG1 The recent rally in precious metals was a result of uncertainty and volatility in equities] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 Yesterday , the stock market rose strongly , * creating a more defensive attitude among precious metals traders] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Silver and platinum , which *T*-1 have more of an industrial nature than gold , were even weaker] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 Silver is also under pressure of `` extremely high '' inventories in warehouses of the Commodity Exchange] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 In Chile , workers at two copper mines , Los Bronces and El Soldado , which *T*-1 belong to the Exxon-owned Minera Disputada , yesterday voted *-2 to begin a full strike tomorrow] , [ARG0 an analyst] [rel said] 0 *T*-3 .
- [ARG1 Reasons for the walkout] , [ARG0 the analyst] [rel said] 0 *T*-1 , included a number of procedural issues , such as a right * to strike .
- `` [ARG1 We are shipping the most corn in that short of time period to one customer on record] , '' [rel said] *T*-1 [ARG0 William Dunton , a U.S. Agriculture Department transportation expert] .
- [ARG1 Profit per ton of steel shipped * dropped to about $ 33 *U* a ton from $ 42 *U* a ton last year and $ 53 *U* a ton in the second quarter] , [ARG0 analysts] [rel said] 0 *T*-1 .
- [ARG0 Charles Bradford , an analyst with Merrill Lynch Capital Markets ,] [rel said] [ARG1 0 USX may have received orders lost * by competitors who *T*-2 were involved *-1 in labor contracts earlier this year] .
- [ARG0 He] [rel said] [ARG1 0 USX also appeared *-1 to sell a richer mix of steel products , such as the more profitable pipe and galvanized coated sheet , than lower-priced structural goods] .
- [ARG0 Mr. Icahn] has [rel said] [ARG1 0 he believes 0 USX would be worth more if *-1 broken up *-2 into steel and energy segments] .
- [ARG0 Peter Marcus , an analyst with PaineWebber Inc. ,] [rel said] [ARG1 that a downturn in the appliance industry , coupled * with sluggish automotive sales , hurt USX results] .
- [ARG0 Two leading constitutional-law experts] [rel said] [ARG1 0 President Bush does n't have the legal authority * to exercise a line-item veto] .
- [ARG0 Sen. Kennedy] [rel said] [ARGM-LOC in a separate statement] [ARG1 that he supports legislation 0 * to give the president line-item veto power *T*-2 , but that it *EXP*-1 would be a `` reckless course of action '' for President Bush to claim the authority without congressional approval] .
- [ARG0 Professors Philip Kurland of the University of Chicago and Laurence Tribe of Harvard Law School] [rel said] [ARG1 0 any effort by President Bush 0 * to claim authority for a line-item veto *T*-1 would contradict the text of the Constitution and the intent of its authors , as well as the views of previous presidents] .
- [ARG0 Mr. Bush] has [rel said] [ARG1 0 he would like *-1 to be able *-2 to use this procedure] .
- [ARG0 A White House spokesman] [rel said] [ARGM-TMP last week] [ARG1 that the president is considering *-1 declaring that the Constitution implicitly gives him the authority for a line-item veto *-2 to provoke a test case] .
- [ARG0 The two professors] [rel said] [ARG1 0 the Constitution authorizes the president to veto entire bills , not partial measures] .
- [ARGM-DIS Moreover] , [ARG0 they] [rel said] [ARG1 0 the first appropriations bill passed * 200 years ago covered many different items , and there was no discussion of a line-item veto] .
- [ARG0 They] [ARGM-DIS also] [rel said] [ARG1 that more than a dozen presidents *PPA*-1 have called for line-item veto authority since the Civil War] , and `` all have shared the view that such lawmaking power is beyond the reach '' of the president .
- [ARG0 Trinity Industries Inc.] [rel said] [ARG1 0 it reached a preliminary agreement * to sell 500 railcar platforms to Trailer Train Co. of Chicago] .
- [ARG0 Trinity] [rel said] [ARG1 0 it plans *-1 to begin delivery in the first quarter of next year] .
- [ARG0 Rolls-Royce Motor Cars Inc.] [rel said] [ARG1 0 it expects its U.S. sales to remain steady at about 1,200 cars in 1990] .
- [ARG0 Howard Mosher , president and chief executive officer ,] [rel said] [ARG1 0 he anticipates growth for the luxury auto maker in Britain and Europe , and in Far Eastern markets] .
- [ARG1 Investors , money managers and corporate officials had until today *-2 to comment on the proposals , and the issue has produced more mail than almost any other issue in memory] , [ARG0 Mr. Lane] [rel said] 0 *T*-1 .
- [ARG1 The SEC will probably vote on the proposal early next year] , [ARG0 he] [rel said] 0 *T*-1 .
- What the investors who *T*-4 oppose the proposed changes object to *T*-1 most is the effect 0 [ARG0 they] [rel say] [ARG1 0 the proposal would have *T*-2 on their ability * to spot telltale `` clusters '' of trading activity -- buying or selling by more than one officer or director within a short period of time] .
- [ARG1 The rules will eliminate filings policy-making divisions , such as sales , marketing , finance and research and development] , [ARG0 Mr. Lane] [rel said] 0 *T*-1 .
- [ARG1 The proposed rules also would be tougher on the insiders still required * to file reports] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 *-1 Considered as a whole] , [ARG0 Mr. Lane] [rel said] , the filings required * under the proposed rules `` will be at least as effective , if not more so , for investors following transactions . ''
- But [ARG0 Robert Gabele , president of Invest\/Net , a North Miami , Fla. , company that *T*-6 packages and sells the insider-trading data ,] [rel said] [ARG1 0 the proposal is worded *-4 so vaguely that key officials may fail *-1 to file the reports] .
- [ARGM-DIS But] [ARG0 Mr. Lane] [rel said] [ARG1 that while the SEC regulates who *T*-7 files , the law tells them when * to do so *T*-1] .
- [ARG1 The SEC would likely be amenable to legislation that *T*-9 required insiders to file transactions on a more timely basis] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 The changes were proposed *-3 in an effort * to streamline federal bureaucracy and boost compliance by the executives `` who *T*-1 are really calling the shots] , '' [rel said] 0 *T*-4 [ARG0 Brian Lane , special counsel at the SEC 's office of disclosure policy , which *T*-2 proposed the changes] .
- [ARG0 The Teachers Insurance and Annuity Association-College Retirement Equities Fund] [rel said] [ARG1 0 it will introduce a stock and bond fund that *T*-11 will invest in `` socially responsible '' companies , and a bond fund] .
- [ARG0 New Brunswick Scientific Co. , a maker of biotechnology instrumentation and equipment ,] [rel said] [ARG1 0 it adopted an anti-takeover plan giving shareholders the right * to purchase shares at half price under certain conditions] .
- [ARG0 The company] [rel said] [ARG1 0 the plan , *-1 under review for some time , will protect shareholders against `` abusive takeover tactics] .
- [ARG0 Researchers at Plant Genetic Systems N.V. in Belgium] [rel said] [ARG1 0 they have developed a genetic engineering technique for * creating hybrid plants for a number of key crops] .
- [ARG0 The researchers] [rel said] [ARG1 0 they have isolated a plant gene that *T*-35 prevents the production of pollen] .
- [ARG0 Jan Leemans , research director ,] [rel said] [ARG1 0 this gene was successfully introduced in oil-producing rapeseed plants , a major crop in Europe and Canada , * using as a carrier a `` promoter gene '' developed * by Robert Goldberg at the University of California in Los Angeles] .
- [ARG0 Mr. Leemans] [rel said] [ARG1 0 this genetic manipulation does n't hurt the growth of that plant] .
- [ARG0 Mr. Leemans] [rel said] [ARG1 0 the hybrid rapeseeds created * with this genetic engineering yield 15 % to 30 % *U* more output than the commercial strains used * currently] .
- `` [ARG1 This technique is applicable to a wide variety of crops] , '' [ARG0 he] [rel said] *T*-1 , and added that some modifications may be necessary * to accommodate the peculiarities of each type of crop .
- [ARG0 He] [rel said] [ARG1 0 the company is experimenting with the technique on alfalfa , and plans *-2 to include cotton and corn , among other crops] .
- [ARG0 He] [rel said] [ARG1 that even though virtually all corn seeds currently planted * are hybrids , the genetic approach will obviate the need for mechanical emasculation of anthers , which *T*-38 costs U.S. seed producers about $ 70 million *U* annually] .
- [ARGM-DIS However] , [ARG0 Paul Johanson , Monsanto 's director of plant sciences ,] [rel said] [ARG1 0 the company 's chemical spray overcomes these problems and is `` gentle on the female organ] . ''
- `` [ARG1 There is a large market out there hungry for hybrid seeds] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Robinson of Delta & Pine , the seed producer in Scott , Miss. ,] [rel said] [ARG1 0 Plant Genetic 's success in * creating genetically engineered male steriles does n't automatically mean 0 it *EXP*-1 would be simple * to create hybrids in all crops] .
- `` [ARG1 It *EXP*-2 's one thing * to say 0 you can sterilize , and another * to then successfully pollinate the plant] , '' [ARG0 he] [rel said] *T*-1 .
- `` It *EXP*-2 's one thing [ARG0 *] to [rel say] [ARG1 0 you can sterilize] , and another * to then successfully pollinate the plant , '' he said *T*-1 .
- [ARG1 Nevertheless] , [ARG0 he] [rel said] 0 *T*-1 , he is negotiating with Plant Genetic *-2 to acquire the technology 0 *T*-3 to try *-4 breeding hybrid cotton .
- `` [ARG1 The development could have a dramatic effect on farm production , especially cotton] , '' [rel said] *T*-1 [ARG0 Murray Robinson , president of Delta & Pine Land Co. , a Southwide Inc. subsidiary that *T*-36 is one of the largest cotton seed producers in the U.S.] .
- [ARG1 Not only] can they block Wellington from *-2 raising money in Japan , [ARG0 bankers here] [rel say] 0 *T*-1 , but as the largest underwriters in the Eurobond market , they might be able *-3 to scuttle borrowings there , too .
- As [ARG0 Yogi Berra] [ARGM-MOD might] [rel say] , [ARG1 it] 's deja vu all over again .
- `` [ARG1 Someone always makes you quit] , '' [rel says] *T*-1 [ARG0 legendary St. Louis Cardinals centerfielder Curt Flood , the league 's commissioner] .
- `` [ARG1 Nothing can be better than this] , '' [rel says] *T*-1 [ARG0 Don Sider , owner of the West Palm Beach Tropics] .
- `` [ARG1 I feel like a little kid] , '' [rel says] *T*-1 [ARG0 a gleeful Alex de Castro , a car salesman , who *T*-53 has stopped by a workout of the Suns *-3 to slip six Campaneris cards *ICH*-2 to the Great Man Himself 0 *T*-4 to be autographed *-30] .
- [ARG1 Real good] , '' [rel says] [ARG0 39-year-old Pete Broberg] , [ARGM-ADV *-1 working in the midday heat of the Tropics camp] .
- [ARG0 Mr. Broberg , who *T*-56 started with the now-defunct Washington Senators ,] [rel says] [ARG1 that when he left baseball in 1978 *T*-1 , he `` never looked back] . ''
- `` [ARG1 You ca n't give it up that easily] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 It does n't replace * pitching in the majors , but it proves to me that I would have been able *-2 to play if I 'd stayed healthy] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 I personally do n't enjoy *-1 seeing players who I remember *T*-57 vividly from their playing days running about and being gallant about their deficiencies] , '' [rel says] *T*-2 [ARG0 Roger Angell , New Yorker magazine 's resident baseball sage] .
- [ARGM-ADV Worse] , [rel says] [ARG1 *ICH*-2] [ARG0 baseball author Lawrence Ritter] , `` Someone will get a heart attack and that will be the end of the whole story . ''
- `` [ARG1 Old-time kiddies] , '' [ARG0 he] [rel says] *-2 .
- [ARG1 Men who *T*-58 have played hard all their lives are n't about *-2 to change their habits] , [ARG0 he] [rel says] *T*-1 .
- [ARGM-ADV Still] , `` [ARG1 how sweet it is *T*-1] , '' [ARG0 he] [rel says] *T*-2 , [ARGM-ADV *-3 savoring the fat sound of the well-hit line drive that *T*-4 bounces off the center field wall] .
- [ARG1 * Expect `` tricky '' stuff from pitchers] , [rel says] 0 *T*-1 [ARG0 Mr. Weaver , the manager] .
- [ARG1 * Expect brushbacks but no beanballs] , [rel says] 0 *T*-1 [ARG0 Mr. McEnaney] .
- * Even expect stolen bases , says 0 *T*-1 the wiry and fit Mr. Campaneris : `` [ARG1 If you know how * to slide *T*-3 , it 's no problem] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 * Even expect stolen bases] , [rel says] 0 *T*-1 [ARG0 the wiry and fit Mr. Campaneris] : `` If you know how * to slide *T*-3 , it 's no problem , '' he says *T*-2 .
- `` [ARG1 I wo n't be throwing 90 mph , but I will throw 80-plus] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Alltel Corp.] [rel said] [ARG1 0 it will acquire the 55 % of Pond Branch Telephone Company Inc. 's cellular franchise that it does n't own *T*-1 already] .
- [ARG0 Alltel , which *T*-60 provides local telephone service in 25 states ,] [rel said] [ARG1 0 it exercised its right of first refusal following an offer *ICH*-1 from an undisclosed third party * to acquire the majority position in the franchise] .
- [ARG0 Stewart & Stevenson Services Inc.] [rel said] [ARG1 0 it received two contracts totaling $ 19 million *U* 0 *T*-1 to build gas-turbine generators] .
- [ARG0 Liberty National Bancorp] [rel said] [ARG1 0 its acquisition of Florence Deposit Bank , Florence , Ky. , first announced * in April , has been completed *-31 in a transaction valued * at $ 13.1 million *U*] .
- [ARG1 Canada 's gross domestic product rose an inflation-adjusted 0.3 % in August , mainly as a result of service-industry growth] , [ARG0 Statistics Canada , a federal agency ,] [rel said] 0 *T*-1 .
- [ARG0 Statistics Canada] [rel said] [ARG1 0 service-industry output in August rose 0.4 % from July] .
- [ARG0 People 's Savings Financial Corp.] [rel said] [ARG1 0 it will buy back as much as 10 % of its 2.4 million shares outstanding because the stock is undervalued *-37] .
- [ARG0 The holding company] [rel said] [ARG1 0 it has been `` unfairly associated '' *-1 with other banks in New England that *T*-62 have had major loan losses in recent quarters] .
- [ARG0 The company] [rel said] [ARG1 0 its People 's Savings Bank unit does n't have a `` large exposure to construction and commercial loans that *T*-63 have caused the loan-loss problems in many of the banks] .
- [ARG1 Because of their longstanding rivalry , GM just `` wants *-1 to make sure 0 Ford pays a huge packet for -LRB- Jaguar -RRB-] , '' [rel said] 0 *T*-2 [ARG0 John Lawson , an auto analyst at London 's Nomura Research Institute] .
- `` [ARG1 It 's either going *-1 to be a shootout , or there only may be one player in town] , '' [ARG0 one person] [rel said] *T*-2 .
- [ARG0 Another person close to the talks] [rel said] , [ARG1 0 `` It *EXP*-2 is very hard * to justify *-3 paying a silly price for Jaguar if an out-and-out bidding war were *-1 to start now] . ''
- [ARGM-LOC In a statement] , [ARG0 Jaguar 's board] [rel said] [ARG1 0 they `` were not consulted *-2 about the -LRB- Ridley decision -RRB- in advance and were surprised *-2 at the action taken *-1] . ''
- [ARG1 It *EXP*-3 was in Jaguar 's best interests `` for the company 's future to be assured and the present climate of uncertainty resolved as quickly as possible , ''] [ARG0 Mr. Ridley] [rel said] 0 *T*-1 .
- But [ARG0 GM officials] [rel said] [ARG1 0 they , too , were surprised *-43 by the move , which *T*-68 left them to `` consider all our options and explore matters further] . ''
- `` [ARG1 Our intensive discussions with Jaguar , at their invitation] , '' [ARG0 GM] [rel said] *T*-1 , `` have as their objectives * to create a cooperative business relationship with Jaguar that *T*-69 would provide for the continued independence of this great British car company , to ensure a secure future for its employees and to provide an attractive long-term return for its shareholders . ''
- [ARG0 He] [rel said] [ARG1 0 he was giving up the golden share `` *-1 to clear the way so the playing field is level between all contestants] . ''
- `` [ARG1 I ca n't believe 0 they -LRB- GM -RRB- will let Ford have a free run] , '' [rel said] *T*-1 [ARG0 Stephen Reitman , a European auto industry analyst at UBS-Phillips & Drew] .
- [ARG0 Dow Chemical Co. , Midland , Mich. , and Eli Lilly & Co. , Indianapolis ,] [rel said] [ARG1 0 they completed the formation of Dow Elanco , a joint venture combining their plant-sciences businesses as well as Dow 's industrial pest-control business] .
- [ARG0 The companies] [rel said] [ARG1 0 Dow Elanco will be the largest research-based agricultural concern in North America , with projected first-year revenue of $ 1.5 billion *U*] .
- [ARGM-LOC Under the circumstances] , Dataproducts said *T*-2 , [ARG0 Mr. Tomash] [rel said] [ARG1 0 he was unable *-1 to devote the time required * because of other commitments] .
- [ARG0 SFE Technologies] [rel said] [ARG1 0 William P. Kuehn was elected *-49 chairman and chief executive officer of this troubled electronics parts maker] .
- [ARG0 Jerome J. Jahn , executive vice president and chief financial officer ,] [rel said] [ARG1 0 Mr. Rubendall was resigning by `` mutual agreement '' with the board] .
- `` [ARG1 He is going *-1 to pursue other interests] , '' [ARG0 Mr. Jahn] [rel said] *T*-2 .
- [ARG1 Mr. Kuehn] , [ARG0 the company] [rel said] 0 *T*-1 , will retain the rest of the current management team .
- Sales of new cars in Europe fell 4.2 % in September from a year earlier and [ARG0 analysts] [rel say] [ARG1 0 the market could continue *-1 to soften in the months ahead] .
- [ARGM-TMP After a stronger-than-expected pace early this year] , [ARG0 analysts] [rel say] [ARG1 0 the market , after a series of sharp swings in recent months , now shows signs of retreating] .
- [ARG0 A fund manager at a life-insurance company] [rel said] [ARG1 0 three factors make it *EXP*-1 difficult * to read market direction] .
- [ARG1 First] , [ARG0 he] [rel said] 0 *T*-1 , domestic interest rates are likely *-2 to stay at higher levels as increased anticipation of inflation followed rising consumer prices reported * last week .
- [ARG1 The gains also sparked buying interest in other real-estate companies] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 Investor focus shifted quickly] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARGM-LOC In other stock-market news] , [ARG0 the Tokyo Stock Exchange] [rel said] [ARG1 that for the week ended Friday , the balance of margin buying rose 189.8 billion yen -LRB- $ 1.34 billion *U* -RRB- , to 7.160 trillion yen -LRB- $ 50.46 billion *U* -RRB-] .
- `` [ARG1 Volume has been appalling] , '' [rel said] *T*-1 [ARG0 a dealer at a British brokerage concern] .
- [ARG0 Secretary of State for Trade and Industry Nicholas Ridley] [rel said] [ARGM-TMP later in the day] [ARG1 that the government would abolish its golden share in Jaguar , the luxury auto maker being stalked * by General Motors and Ford Motor] .
- [ARGM-ADV Despite the modest gains] , [ARG0 traders] [rel said] [ARG1 0 the market remains dull , with investors remaining cautiously on the sidelines] .
- [ARG1 Additionally , the end of the month position-squaring might have also played a minor role] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 An official at Wako Securities] [rel said] [ARG1 0 these investors feel the need * to make quick profits , despite destabilizing external factors , such as political uncertainty tied * to the ruling party 's fate at next year 's Lower House elections - an event which *T*-76 could directly affect the stock market] .
- [ARG0 He] [rel said] [ARG1 0 summer drought problems that *T*-81 had hit several southern agricultural regions had stopped *-1 being a major source of price pressure in September] .
- [ARG1 Japan 's index of leading indicators rose to 63.6 *ICH*-3 in August , above the so-called boom-or-bust line of 50 for the first time since May] , [ARG0 the Economic Planning Agency] [rel said] *T*-1 .
- [ARG0 Metromedia Co.] [rel said] [ARG1 0 its Metromedia Long Distance unit has been renamed *-58 Metromedia-ITT Long Distance , * reflecting acquisitions from ITT Corp. , which *T*-82 licenses its name to closely held Metromedia] .
- [ARG0 Metromedia] [rel said] [ARG1 0 its unit is the fifth-largest provider of long-distance communications service in the U.S. , with projected 1989 revenue of more than $ 550 million *U*] .
- [ARG0 Martin Marietta Corp.] [rel said] [ARG1 0 it won a $ 38.2 million *U* contract *ICH*-2 from the U.S. Postal Service 0 *T*-1 to manufacture and install automated mail-sorting machines] .
- [ARGM-LOC Under terms of the three-year contract] , [ARG0 Martin Marietta] [rel said] [ARG1 0 it will make and install 267 of the new machines at 156 postal offices] .
- [ARG0 Canonie] [rel said] [ARG1 0 it anticipates *-1 naming Mr. Donovan to succeed Richard F. Brissette , 55 , as president and chief executive officer , effective March 1] .
- [ARG1 The average six-month yield on a jumbo CD was at 7.90 % , down from 7.93 % ,] [ARG0 Banxquote] [rel said] 0 *T*-1 .
- `` [ARG1 This week was uneventful for the CD market] , '' [rel said] *T*-1 [ARG0 Norberto Mehl , chairman of Banxquote] .
- [ARG1 Banks that *T*-84 adjusted payouts on CDs in the most recent week made only fractional moves] , [ARG0 he] [rel said] 0 *T*-1 .
- -LRB- [ARG0 I] [ARGM-TMP still] [rel say] [ARG1 * do n't look down] .
- [ARG0 Treasury Undersecretary David Mulford] defended the Treasury 's efforts *ICH*-1 this fall * to drive down the value of the dollar , *-2 [rel saying] [ARG1 0 it helped *-3 minimize damage from the 190-point drop in the stock market Oct. 13] .
- [ARGM-ADV On other matters] , [ARG0 Mr. Mulford] [rel said] [ARG1 0 West Germany is contributing to imbalances in the world economy because of its success as an exporter] .
- `` [ARG1 The solution is stronger domestic growth -LCB- in Germany -RCB-] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 But] because the growth of the German economy has been stronger than * expected *-2 , [ARG0 Mr. Mulford] [rel said] 0 *T*-1 , it *EXP*-3 's difficult for the U.S. to argue that Germany ought *-4 to adopt more stimulative monetary and fiscal policies .
- [ARG1 But nonetheless U.S. companies might be more successful in European markets if not for the German export push] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARGM-ADV *-1 Testifying before a House subcommittee] , [ARG0 Mr. Mulford] [rel said] [ARG1 that if the Treasury had n't intervened in foreign-exchange markets in September and early October *-2 to reduce the dollar 's value , the plunge in the stock market might have provoked a steep fall in the currency that *T*-97 might have `` unhinged financial markets] . ''
- [ARG0 Mr. Mulford] , [ARGM-ADV *-1 responding to critics of intervention] , [ARGM-DIS also] [rel said] [ARG1 0 intervention is `` highly visible , '' is taken *-3 seriously by financial markets and works better than `` * was recognized *-68 some time ago] . ''
- [ARG0 Rep. John LaFalce -LRB- D. , N.Y . -RRB-] [rel said] [ARG1 0 Mr. Johnson refused *-1 to testify jointly with Mr. Mulford and instead asked *-1 to appear after the Treasury official had completed his testimony] .
- [ARG0 Mr. Mulford] [rel said] [ARG1 0 reports of tension between the Treasury and Fed have been exaggerated] , [ARGM-ADV *-1 insisting that they involved `` nuances] . ''
- [ARG0 Mr. Johnson] [ARGM-DIS also] [rel said] [ARG1 that `` in the scheme of things , these things are minor] . ''
- `` [ARG1 It 's just going *-2 to be sloppy , both on our side and theirs -LCB- the Warsaw Pact 's -RCB-] , '' [rel says] *T*-1 [ARG0 one NATO analyst] .
- [ARG1 Those employed * in state-funded special programs increased by 7,400 to 65,200 in the same period ,] [ARG0 the Directorate] [rel said] 0 *T*-2 .
- [ARG0 Coca-Cola Co.] , [ARGM-ADV *-1 aiming *-2 to boost soft-drink volume in Singapore] , [rel said] [ARG1 0 it is discussing a joint venture with Fraser & Neave Ltd. , its bottling franchisee in that country] .
- And [ARG1 * combining Fraser & Neave 's own soft drinks with Coca-Cola 's gives the Singapore company more than half the share of the soda market there] , [ARG0 Coke] [rel said] 0 *T*-1 .
- [ARG0 A Coke spokesman] [rel said] [ARG1 0 he could n't say whether that is the direction of the talks] .
- A Coke spokesman said 0 [ARG0 he] [ARGM-MOD could] [ARGM-NEG n't] [rel say] [ARG1 whether that is the direction of the talks] .
- [ARG0 Coke] [rel said] [ARG1 0 the joint-venture arrangement , which *T*-112 needs approval from both companies ' boards , should be completed *-82 early next year] .
- A Coca-Cola spokesman said 0 it is too early [ARG0 *] to [rel say] [ARG1 how the joint venture would be structured *T*-1 , or how much the company would invest *T*-3 in the transaction] .
- [ARG0 A Coca-Cola spokesman] [rel said] [ARG1 0 it is too early * to say how the joint venture would be structured *T*-1 , or how much the company would invest *T*-3 in the transaction] .
- [ARG0 AMERICAN BRANDS Inc. , Old Greenwich , Conn. ,] [rel said] [ARG1 0 it increased its quarterly 11 % *ICH*-1 to 68 cents a share from 61 cents , payable Dec. 1 to stock of record Nov. 10] .
- [ARG0 Mediobanca] [rel said] [ARGM-TMP during the weekend] [ARG1 that it agreed *-2 to sell the shares back to Giovanni Agnelli for 333 billion lire] .
- [ARG0 The company] [rel said] [ARG1 0 Maria Sole Agnelli Teodorani , sister of Fiat Chairman Giovanni Agnelli , agreed *-1 to trade her shares in IFI for new ordinary shares in the limited partnership , which *T*-116 will give her control of 4.67 % of Giovanni Agnelli & Co] .
- The value of the two transactions was n't disclosed *-1 , but [ARG0 an IFI spokesman] [rel said] [ARG1 0 no cash would change hands] .
- [ARG0 MCI Communications Corp.] [rel said] [ARG1 0 it received a three-year contract valued * at more than $ 15 million *U* 0 *T*-1 to provide network , credit-card and other telecommunications services to Drexel Burnham Lambert Inc] .
- In the Senate , Edward Kennedy -LRB- D. , Mass. -RRB- , chairman of the Labor Committee , and Pete Domenici , -LRB- R. , N.M . -RRB- ranking minority member of the Budget Committee , have been working on a compromise , and [ARG1 their soundings showed that the Senate appeared *-2 to be heading toward enough strength * to override another Bush veto] , [ARG0 a Democratic staff official] [rel said] 0 *T*-1 .
- [ARG0 Rep. Austin Murphy -LRB- D. , Pa. -RRB- , chairman of the House labor standards subcommittee ,] [rel said] [ARG1 0 they might have done better `` if we 'd held their feet to the fire] . ''
- [ARG0 President Bush] [ARGM-TMP in June] vetoed a measure passed * by Congress and [rel said] [ARG1 0 he would n't accept any minimum-wage rise that *T*-121 went beyond limits 0 he set *T*-2 early in this year 's debate on the issue] .
- Mr. Kennedy suggested 0 Democrats `` yielded a great deal '' on the size of the increase , but he cited concessions from the White House on the training wage , [ARG1 which] [ARG0 he] [rel said] 0 *T*-2 *T*-1 make it `` less harsh . ''
- [ARG1 With only 16-year-olds to 19-year-olds eligible , 68 % of workers getting less than $ 4.25 *U* an hour , who *T*-125 are adults , wo n't be subject to the training wage] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 The AFL-CIO , which *T*-126 previously opposed the administration 's subminimum idea ,] [rel said] [ARG1 0 the compromise has `` adequate safeguards , so the youth are not exploited *-1 and older workers are not displaced *-2] . ''
- The compromise was a somewhat softened version of what [ARG0 the White House] had [rel said] [ARG1 0 it would accept *T*-1] .
- `` [ARG1 For the first time in history , we have a training wage that *T*-123 will be part '' of the nation 's labor laws] , [rel said] 0 *T*-1 [ARG0 Roger Porter , assistant to the president for economic and domestic policy] .
- [ARG0 White House aides] [rel said] [ARG1 that although they made a small compromise on the length of a training wage , the final minimum-wage increase will meet the standards set * by Mr. Bush] .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it lowered the ratings on about $ 3.2 billion *U* of Houston Lighting & Power Co. 's securities because of the company 's low levels of interest coverage and internal cash generation] .
- [ARG0 Moody 's] [rel said] [ARG1 0 Houston Lighting 's current situation has some positive aspects , including * managing `` very well '' the construction and commercial operation risks of Units 1 and 2 of the South Texas Project nuclear power plant] .
- [ARG1 Capital requirements will be declining and no new generating facilities will be required *-90 for several years] , [ARG0 Moody 's] [rel said] 0 *T*-1 .
- [ARG0 Armstrong , which *T*-127 has faced a takeover threat from the Belzberg family of Canada since July ,] [rel said] [ARG1 that * disposing of the carpet business would improve `` total financial performance] . ''
- The government 's primary economic-forecasting gauge rose a slight 0.2 % in September , but [ARG0 economists] [rel said] [ARG1 0 the report offered little new information on the degree to which the U.S. economy is slowing *T*-1] .
- [ARG0 The department] [ARGM-DIS also] [rel said] [ARG1 0 it *EXP*-1 takes four months * to establish a trend] .
- [ARG0 The Commerce Department] [rel said] [ARG1 that as a result of a new adjustment to the formula used * * to calculate the index , the influence of this component has been reduced *-95] .
- [ARGM-DIS Meanwhile] , [ARG0 the National Association of Manufacturers] [rel said] [ARGM-TMP yesterday] [ARG1 0 a recent poll of 53 executives on its board found that 61 % do n't expect a recession to occur until 1991 or later] .
- [ARGM-ADV Although manufacturers often are quick *-1 to call for lower interest rates] , [ARG0 60 % of the executives] [rel said] [ARG1 0 they would prefer that the Fed keep inflation-fighting as its top priority even if that means higher rates] .
- [ARG0 The other 40 %] [rel said] [ARG1 0 the Fed ought *-1 to worry less about inflation and bring interest rates down] .
- `` [ARG1 I do n't think 0 it provides much new information on the economy] , '' [rel said] *T*-1 [ARG0 Richard Rippe , economist at Dean Witter Reynolds Inc] .
- [ARGM-LOC In another report] [ARGM-TMP yesterday] , [ARG0 the Commerce Department] [rel said] [ARG1 0 sales of new single-family houses plunged 14 % in September to an annual rate of 618,000 from 719,000 in August] .
- [ARGM-CAU Because the figures are based *-93 on a small sample] , [ARG0 the department] [rel said] [ARG1 0 it is 90 % confident only that new-home sales fell somewhere between 5 % and 23 % during the month] .
- [ARG0 Boston Edison Co.] [rel said] [ARG1 0 it will take a previously reported $ 60 million *U* charge against earnings in the fourth quarter] .
- [ARGM-LOC In its order] , [ARG0 the state regulatory agency] [rel said] [ARG1 0 the company `` must be held *-96 accountable for the mistakes made * in the management of the plant 's operation] . ''
- [ARG0 Citicorp] [ARGM-DIS also] [rel said] [ARG1 that the average rate rose to 8.0087 % at its $ 50 million *U* auction of 182-day commercial paper from 7.962 % at last week 's sale] .
- `` [ARG1 The thing 0 it says *T*-1 about Mips is that they 're on a roll right now] , '' [rel said] *T*-2 [ARG0 Ms. Gant at InfoCorp] .
- `` [ARG1 The thing] 0 [ARG0 it] [rel says] *T*-1 about [ARG3-about Mips] is that they 're on a roll right now , '' said *T*-2 Ms. Gant at InfoCorp .
- [ARG1 Today 's agreement gives Control Data a machine 0 *T*-1 to compete against Digital and other general-purpose computer makers] , [rel said] 0 *T*-2 [ARG0 John Logan , a computer-market analyst at Aberdeen Group Inc. of Boston] .
- [ARG1 The machine is essentially a mainframe computer] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Control Data , based * in Minneapolis , Minn. , expects its sales of Mips systems , including the new RC6280 , to amount to more than $ 100 million *U* by the end of 1991] , [ARG0 Mips] [rel said] 0 *T*-2 .
- [ARG1 Nixdorf , Bull and others will also sell versions of the machine] , [rel said] 0 *T*-1 [ARG0 Mips President Robert Miller] .
- [ARG1 Mips will start *-2 shipping its new machine in the first quarter of 1990] , [ARG0 he] [rel said] *T*-1 .
- [ARG1 The machine can run software written * for other Mips computers] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 In the price range it 's a tremendously high-performing product] , '' [rel said] *T*-1 [ARG0 Sandy Gant , an analyst at the market-research firm InfoCorp] .
- Mips also wants *-1 to wedge into markets other than traditional RISC applications such as engineering ; [ARG0 Mips] [rel said] [ARG1 0 the new machine will also be used *-102 by businesses and for communications] .
- `` [ARG1 This clearly demonstrates that Mips is a systems company rather than just a chip company] , '' [rel said] *T*-1 [ARG0 Mips Vice President John Hime] .
- [ARG0 David Mullins , assistant secretary of the Treasury ,] [rel said] [ARG1 that the working capital is necessary * to reduce the final costs of the bailout , by *-1 allowing the agency to sell savings and loans without their bad assets , then hold the assets until they can be sold *-108 under favorable conditions] .
- [ARG0 He] [rel said] [ARG1 0 it *ICH*-3 has n't yet been determined *-109 how the RTC will raise the cash *T*-1] , but the administration does n't want it to be included *-2 on the federal budget , because it would `` distort '' the budget process by *-4 requiring either exemptions from Gramm-Rudman or big increases in the budget deficit .
- [ARG1 But the worst possibility would be * raising no working capital] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 If working capital financing is not provided *-3] , '' [ARG0 he] [rel said] *T*-1 , `` the RTC may have *-2 to slow -LCB- S&L sales -RCB- or dump acquired assets through fire sales .
- [ARG0 Officials of the Resolution Trust Corp.] have [rel said] [ARGM-MNR privately] [ARG1 that such a plan was the most likely alternative * to raise short-term cash for the bailout] .
- [ARG1 Instead] , [ARG0 the GAO and the Congressional Budget Office] [rel said] 0 *T*-1 , the RTC should consider *-2 using Treasury debt , which *T*-140 is less expensive and subject to oversight by Congress .
- `` [ARG1 * To allow this massive level of unfettered federal borrowing without prior congressional approval would be irresponsible] , '' [rel said] *T*-2 [ARG0 Rep. Fortney Stark -LRB- D. , Calif. -RRB- , who *T*-141 has introduced a bill 0 *T*-1 to limit the RTC 's authority * to issue debt] .
- [ARG0 Panhandle Eastern Corp.] [rel said] [ARG1 0 it applied , on behalf of two of its subsidiaries , to the Federal Energy Regulatory Commission for permission * to build a 352-mile , $ 273 million *U* pipeline system from Pittsburg County , Okla. , to Independence , Miss] .
- [ARG0 The natural gas pipeline concern] [rel said] [ARG1 0 the 500 million cubic feet a day capacity pipeline would be built *-111 by a proposed joint venture between two Panhandle Eastern units - Texas Eastern Transmission Corp. and Trunkline Gas Co] .
- `` [ARG1 We make what we know how * to make *T*-1 *T*-2] , '' [rel says] *T*-3 [ARG0 business manager Richard Mazzera] .
- `` [ARG1 It 's an overwhelming job] , '' [ARG0 she] [rel says] *T*-1 .
- The company has declined requests * to discuss the changes , but [ARG0 Mr. Weekes] has [rel said] [ARG1 that Mr. Hollander wanted *-1 to have his own team] .
- [ARG1 The split and quarterly dividend will be payable Jan. 3 to stock of record Nov. 16] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Fibreboard Corp.] [rel said] [ARG1 0 it completed the previously reported sale of approximately 27,500 acres of timberland near Truckee , Calif. , to closely held Sierra Pacific Industries Corp. , Arcata , Calif. , for $ 32.5 million *U*] .
- [ARG0 The lumber , insulation and fireproofing concern] [rel said] [ARG1 0 the transaction , which *T*-149 includes a swap of other timber interests , would result in a $ 13.5 million *U* after-tax gain , 0 *T*-1 to be recorded *-123 in the fourth quarter] .
- [ARG0 Healthcare International Inc.] [rel said] [ARG1 0 it reached a 120-day standstill agreement *ICH*-1 with its HealthVest affiliate calling for Healthcare to pay HealthVest $ 5 million *U* right away and additional amounts in the future] .
- [ARGM-LOC Under the agreement] , [ARG0 Healthcare , a manager of health-care facilities ,] [rel said] [ARG1 0 it would pay HealthVest $ 3.9 million *U* in overdue rent and mortgage payments and repay $ 1.1 million *U* in funds that HealthVest advanced *T*-150 for construction work on facilities] .
- [ARG0 A spokesman] [rel said] [ARG1 0 HealthVest has paid two of the three banks 0 it owed interest to *T*-1 in October and is in negotiations with the third bank] .
- [ARG0 Healthcare , which *T*-153 has been in a severe liquidity bind ,] [rel said] [ARG1 0 it is able *-3 to make the payments because it completed a transaction with Greenery Rehabilitation Group Inc. in which Greenery purchased stock and warrants for $ 500,000 *U* and loaned Healthcare $ 9 million *U* *T*-2] .
- [ARGM-LOC In testimony recorded * in the grand jury report] , [ARG0 court employees] [rel said] [ARG1 0 the judge , now 59 years old , harassed his secretaries , made imperial demands on his staff and hounded anyone who *T*-157 crossed him] .
- `` [ARG1 I do n't know whose toes I 've stepped on *T*-1] , '' [rel says] *T*-2 [ARG0 the judge] .
- [ARG1 Fear of * alienating that judge is pervasive] , [rel says] 0 *T*-1 [ARG0 Maurice Geiger , founder and director of the Rural Justice Center in Montpelier , Vt. , a public interest group that *T*-162 researches rural justice issues] .
- `` [ARG1 He probably was the smartest guy who *T*-165 ever sat on our bench] , '' [rel says] *T*-1 [ARG0 a former president of Cambria County 's 150-member bar association , who *T*-166 , like most lawyers in Cambria County , refuses *-3 to talk about the judge *PPA*-2 publicly] .
- `` [ARG1 Nobody told us ; nobody called us] , '' [rel says] *T*-1 [ARG0 an official close to the case who *T*-169 asked *-2 not to be named *-133] .
- [ARG1 Johnstown attorney Richard J. Green Jr. shelled out $ 500 *U* in loans to the judge over five years] , [ARG0 he] [rel said] 0 *T*-1 [ARGM-LOC in testimony to the grand jury] .
- `` [ARG1 The judge never made a pretense of * repaying the money] , '' [rel said] *T*-1 [ARG0 Mr. Green] .
- [ARGM-TMP When Mr. Green won a $ 240,000 *U* verdict in a land condemnation case against the state *T*-1 in June 1983] , [ARG0 he] [rel says] [ARG1 0 Judge O'Kicki unexpectedly awarded him an additional $ 100,000 *U*] .
- But then Judge O'Kicki often behaved like a man who *T*-155 would be king -- and , [ARG0 some] [rel say] , [ARG1 an arrogant and abusive one] .
- `` [ARG1 Do n't you think 0 I ought *-2 to get a commission ... or part of your fee in this case] ? '' [ARG0 Mr. Green] [rel said] 0 the judge asked him *T*-1 .
- But [ARG0 he] did n't complain to the state 's Judicial Inquiry and Review Board , either , *-1 [rel saying] [ARGM-TMP later] [ARG1 that he feared retribution] .
- [ARG0 Mr. O'Kicki] [rel said] [ARG1 0 he will respond to Mr. Green 's allegation at his trial] .
- `` [ARG1 I do n't have anything much 0 * to say *T*-5 , and I think 0 that 's what you 're going *-3 to find from everyone else 0 you talk to *T*-4 up here] , '' [rel says] *T*-1 [ARG0 local attorney Edward F. Peduzzi] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 another lawyer] : `` The practice of law is a matter of * biting one 's lip when you live in a small community *T*-2 .
- [ARG1 The judge was considered *-137 imperious , abrasive and ambitious] , [ARG0 those who *T*-171 practiced before him] [rel say] 0 *T*-1 .
- [ARG0 Visitors in his chambers] [rel say] [ARG1 0 he could cite precisely the years , months , weeks and days remaining until mandatory retirement would force aside the presiding president judge , * giving Judge O'Kicki the seniority required * to take over as the county 's top court administrator] .
- [ARG1 The judge] , [ARG0 they] [rel say] 0 *T*-1 , was fiercely proud of his abilities and accomplishments .
- [ARG1 Yet , despite the judge 's imperial bearing , no one ever had reason 0 * to suspect possible wrongdoing *T*-2] , [rel says] 0 *T*-1 [ARG0 John Bognato , president of Cambria County 's 150-member bar association] .
- `` [ARG1 The arrogance of a judge , his demeanor , the way 0 he handles people *T*-1 are not a basis for * filing a complaint] , '' [rel says] *T*-2 [ARG0 Mr. Bognato] .
- [ARG0 The judge] [ARGM-TMP now] says 0 it *EXP*-1 was `` unfortunate '' that he chose *-2 to write the letter but [rel says] `` [ARG1 there was certainly no intent * to extort there] . ''
- [ARG0 The judge] [ARGM-TMP now] [rel says] [ARG1 0 it *EXP*-1 was `` unfortunate '' that he chose *-2 to write the letter] but says `` there was certainly no intent * to extort there . ''
- [ARG0 The judge] [rel says] [ARG1 0 he ca n't discuss in detail how he will defend himself at his trial *T*-1] , [ARGM-ADV although he contends that if he were as corrupt as state prosecutors believe *?* , he would be far wealthier than he is *?*] .
- [ARG0 The judge] [rel says] [ARG1 0 he is confident 0 he will return to his old bench] .
- `` [ARG1 If I lose , I lose my position , my career , my pension , my home and my investments] , '' [rel says] *T*-1 [ARG0 the judge] .
- Shareholders of the Santa Ana , Calif. , title-insurance company approved the creation of this second class of stock , which *T*-2 will be traded *-142 on the national over-the-counter market and which [ARG0 the company] [rel said] [ARG1 0 *T*-1 would be used *-143 for acquisitions and other general corporate purposes] .
- [ARG0 EG&G Inc.] [rel said] [ARG1 0 it acquired Laboratorium Prof. Dr. Berthold , a German maker of scientific instruments] .
- [ARG1 The combined companies will become profitable by January 1990] , [rel said] 0 *T*-1 [ARG0 James P. Sherblom , Transgenic 's chairman and chief executive officer] .
- [ARG0 The Wellesley , Mass. , maker of scientific instruments and electronic parts] [rel said] [ARG1 0 Berthold expects 1989 sales of more than 100 million Deutsche marks -LRB- $ 54.5 million *U* -RRB- and employs about 400 people] .
- [ARG0 John M. Kucharski , EG&G 's chairman and chief executive ,] [rel said] [ARG1 0 the acquisition `` will extend EG&G 's core technologies , strengthen its position in the European Economic Community and assure a strength and presence in the Eastern European market] . ''
- [ARG0 He] [rel said] [ARG1 0 it especially will strengthen the company 's efforts in the rapidly growing field of bio-analytical instrumentation , and in applied nuclear physics] .
- [ARGM-ADV Separately] , [ARG0 EG&G] [rel said] [ARG1 0 it sold most of its Mason Research Institute subsidiary to Transgenic Sciences Inc. , a closely held biotechnology company based * in Worcester , Mass] .
- [ARG1 The sale , for $ 7 million *U* in cash and securities , will leave EG&G with a 12 % stake in Transgenic] , [ARG0 executives] [rel said] 0 *T*-1 .
- [ARG0 The Internal Revenue Service] [rel said] [ARG1 0 it is willing *-2 to let the U.S. Tax Court decide how much oil man William Herbert Hunt will owe the government *T*-1 after his assets are liquidated *-164] .
- `` [ARG1 But they wanted *-2 to roll the dice and we 're going *-3 to let them] , '' [ARG0 Mr. Hartt] [rel said] *T*-1 .
- [ARG0 Stephen McCartin , Mr. Hunt 's attorney ,] [rel said] [ARG1 0 his client welcomed the gamble] .
- [ARGM-ADV In addition to *-1 turning down the compromise] , [ARG0 Judge Harold C. Abramson] [rel said] [ARG1 0 he would allow a claim of only $ 19.7 million *U*] .
- [ARG0 Minpeco attorneys] [rel said] [ARG1 0 they would appeal the decision to a federal district court] .
- [ARG0 Industrial Bank of Japan , which *T*-179 claims *-2 to be the biggest Japanese buyer of U.S. mortgage securities ,] [rel says] [ARG1 0 it will more than double its purchases this year , to an amount 0 one official puts *T*-1 at several billion dollars] .
- `` [ARG1 Last year , there were only several big investors who *T*-181 were interested] , '' [rel says] *T*-1 [ARG0 Kinji Kato , a vice president at the international arm of Nomura Securities Co] .
- [ARG1 Ultimately] , [ARG0 he] [rel says] 0 *T*-1 , strong demand could help *-2 to drive down interest rates on mortgage securities .
- [ARGM-DIS But] [ARG0 other Japanese institutions] [rel say] [ARGM-MNR privately] [ARG1 that they are considering *-1 asking *-2 to join the 59-dealer selling group] .
- `` [ARG1 Two or three years ago , the problem was that people did n't understand the prepayment risk] , '' [rel says] *T*-1 [ARG0 Nomura 's Mr. Kato] .
- `` [ARG1 You ca n't say 0 it 's a `` tsunami '' -LRB- tidal wave -RRB- , but we 're making some headway] , '' [rel says] *T*-1 [ARG0 Fannie Mae 's chairman , David O. Maxwell , who *T*-178 visits Tokyo at least once a year *-3 to explain *RNR*-4 and drum up investor interest in *RNR*-4 mortgage securities] .
- `` [ARG0 You] [ARGM-MOD ca] [ARGM-NEG n't] [rel say] [ARG1 0 it 's a `` tsunami '' -LRB- tidal wave -RRB-] , but we 're making some headway , '' says *T*-1 Fannie Mae 's chairman , David O. Maxwell , who *T*-178 visits Tokyo at least once a year *-3 to explain *RNR*-4 and drum up investor interest in *RNR*-4 mortgage securities .
- [ARG0 Mr. Blair] [rel said] [ARGM-TMP after the meeting] [ARG1 that he had filed separate lawsuits *ICH*-1 *ICH*-2 in the Ontario Supreme Court for unjust dismissal against Enfield and for libel against its largest shareholder , Canadian Express Ltd. , and two executives of Hees International Bancorp Inc. , which *T*-191 controls Canadian Express] .
- [ARG0 He] later resigned from his executive positions with Enfield , *-1 [rel saying] [ARG1 that actions by its board `` amounted to -LCB- my -RCB- dismissal] . ''
- [ARG0 Mr. Blair] [rel said] [ARG1 0 his libel suit seeks 10 million Canadian dollars -LRB- US$ 8.5 million *U* -RRB- from Canadian Express and Hees executives Manfred Walt and Willard L'Heureux] .
- [ARG0 He] [rel said] [ARG1 0 his suit against Enfield seeks two years severance pay , equivalent to C$ 720,000 *U*] .
- [ARG1 But in another sense , the $ 846 million *U* purchase is uncharacteristically nervy] , [ARG0 industry analysts] [rel say] 0 *T*-1 .
- [ARG0 Critics] [rel say] [ARG1 0 Mitsubishi Estate 's decision * to buy into Rockefeller reflects the degree to which companies are irritated *-2 by the pressure * to act for the good of Japan *T*-1] .
- `` [ARG1 Those who *T*-1 have no money and *T*-1 are n't buying think 0 it *EXP*-3 's right * to refrain , but those with money who *T*-193 want *-4 to buy for themselves pay no attention] , '' [rel says] *T*-2 [ARG0 an official of the Japan-U.S . Business Council] .
- `` [ARG1 We 'll continue *-2 to work with them , in keeping with the reputation of the company , and we 'll rely very much on their leadership] , '' [rel says] *T*-1 [ARG0 Mitsubishi Estate President Jotaro Takagi] .
- [ARG1 Its earnings can rise 10 % to 12 % *U* annually simply from the natural turnover of tenants and automatic rent increases] , [rel says] 0 *T*-1 [ARG0 Graeme McDonald , an industry analyst at James Capel Pacific Ltd] .
- `` [ARG1 Japanese companies need *-1 to invest in overseas real estate for diversification] , '' [rel says] 0 *T*-2 [ARG0 Yoshio Shima , an industry analyst at Goldman Sachs -LRB- Japan -RRB- Corp] .
- [ARG1 Nonetheless , it will barely make a dent in Mitsubishi Estate 's finances] , [ARG0 analysts] [rel say] 0 *T*-1 .
- [ARG0 Analysts] [rel say] [ARG1 0 the company also could easily issue new convertible bonds or warrants] .
- `` [ARG1 We think 0 there will be positive as well as negative reactions] , '' [rel says] *T*-1 [ARG0 Raymond Pettit , senior vice president and chief financial officer of Rockefeller Group] .
- `` [ARG1 Officially , yes , we encourage the free flow of direct investment] , '' [rel says] *T*-1 [ARG0 a Foreign Ministry official] .
- [ARGM-LOC In his affidavit] , [ARG0 Mr. Yetnikoff] accused Warner Chairman Steven J. Ross of *-2 having an `` antiSony , anti-Japanese bias '' and [rel said] [ARG1 that Mr. Ross had tried *-1 to talk him out of *-3 letting Sony buy CBS Records two years ago for that reason] .
- [ARG0 Mr. Ross , who *T*-204 will be chairman and co-chief executive officer of Time Warner after the merger is complete ,] denied that in his own affidavit , and called Mr. Yetnikoff 's remarks `` vicious '' and his claims `` reckless , irresponsible and baseless , '' *-1 [rel saying] [ARG1 0 Warner under his leadership has started a number of businesses in Japan] .
- [ARG0 Mr. Ross] [ARGM-DIS also] [rel said] [ARG1 0 he enjoys `` warm professional and personal relationships '' with Japanese executives including Sony Chairman Akio Morita , `` who *T*-205 has visited my home here] . ''
- And [ARGM-ADV although Warner has said 0 it wanted the producers to fulfill the terms of their contract] , [ARG0 the producers] [rel said] [ARGM-LOC in sworn court declarations] [ARG1 that they did n't believe 0 the relationship could be repaired *-184 after the acrimony of the legal battle] .
- And although [ARG0 Warner] has [rel said] [ARG1 0 it wanted the producers to fulfill the terms of their contract] , the producers said in sworn court declarations that they did n't believe 0 the relationship could be repaired *-184 after the acrimony of the legal battle .
- [ARGM-LOC In separate statements] , [ARG0 the two sides] [rel said] [ARG1 0 they want *-1 to have `` further discussions] . ''
- But it may amount to little more than posturing ; the two have continued on-again , off-again settlement talks over the last few weeks , and [ARG0 people familiar with the talks] [rel say] [ARG1 0 the matter could be resolved *-183 within a week] .
- [ARGM-DIS But] [ARG0 the people familiar with the talks] [rel said] [ARG1 that Warner is n't expected *-1 to get any cash in the settlement] .
- [ARG0 Mr. Barr] [rel said] [ARG1 0 yesterday 's plea by Gulf Power , which *T*-212 came after months of negotiations , was based *-185 on evidence that Gulf Power had set up an elaborate payment system through which it reimbursed outside vendors -- primarily three Florida advertising agencies -- for *-2 making illegal political contributions on its behalf *T*-1] .
- [ARG1 The contributions were funded *-186 by monthly payments of $ 1,000 to $ 2,000 *U* to Appleyard in the guise of a `` special production fee '' -- in effect , * hiding the nature of the payments from the Internal Revenue Service] , [ARG0 federal prosecutors] [rel said] 0 *T*-1 .
- [ARG0 Government officials] declined *-1 to [rel say] [ARG1 whether the investigation includes the ad agencies or the politicians involved *] .
- `` [ARG1 The terms announced today are strictly between the United States and Gulf Power] , '' [rel said] *T*-1 [ARG0 U.S. Attorney Robert L. Barr] .
- [ARGM-LOC In a statement] , [ARG0 Southern Co. President Edward L. Addison] [rel said] , `` [ARG1 We believe 0 our decision * to plead -LRB- guilty -RRB- to these charges is responsible and proper] .
- [ARG0 He] did [ARGM-NEG not] [rel say] [ARG1 what effect , if any , the $ 500,000 *U* fine would have *T*-1 on the company 's earnings] .
- [ARG0 Seagram] [rel says] [ARG1 0 the promotion is designed *-1 to build brand loyalty rather than promote heavy drinking] .
- [ARG1 Seagram asks customers *-2 to buy only two or three bottles over a 12-month period] , [rel says] 0 *T*-1 [ARG0 Richard Shaw , vice president of U.S. direct marketing] .
- We 're not saying * drink more , [ARG0 we] 're [rel saying] [ARG1 * trade up] . ''
- [ARG0 We] 're [ARGM-NEG not] [rel saying] [ARG1 * drink more] , we 're saying * trade up . ''
- * To give Leche Fresca the creamier taste 0 [ARG0 Goya] [rel says] [ARG1 0 Hispanics prefer *T*-1] , the new brand has a butterfat content of 3.8 % .
- [ARG1 Borden sells considerably more whole milk than reduced-fat milks in southern and Hispanic markets] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 And it 's adding 15 to 20 new outlets a day] , [rel says] 0 *T*-1 [ARG0 Greg Ricca , sales director at La Lecheria] .
- [ARG1 But] lately , [ARG0 retailers] [rel say] 0 *T*-1 , fake has become more fashionable .
- [ARG1 Last year , the total women 's fashion jewelry business topped $ 4.9 billion *U*] , [rel says] 0 *T*-1 [ARG0 Karen Alberg , editor of Accessories magazine] .
- `` [ARG1 We 've started *-2 trying just about anything *-3 to keep sales moving in the stores] , '' [rel says] *T*-1 [ARG0 Kim Renk , a Swank vice president] .
- [ARG0 Ms. Renk] [rel says] [ARG1 0 retailers nixed a promotion for pins with animal motifs] .
- [ARG1 The company focuses on the how-to aspects] , [rel says] 0 *T*-1 [ARG0 Andrew E. Philip , president] .
- `` [ARG1 I 'm surprised 0 they 're doing this] , '' [rel says] *T*-1 [ARG0 Penn Kavanagh , president of Schieffelin & Somerset Co. , which *T*-215 markets Johnnie Walker scotches] .
- `` I would be very leery of [ARG0 anything] that *T*-216 [rel says] [ARG1 if you drink more , you get more] . ''
- `` [ARG1 It 's really bizarre] , '' [rel says] *T*-1 [ARG0 Albert Lerman , creative director at the Wells Rich Greene ad agency] .
- [ARG1 Northwest Airlines settled the remaining lawsuits filed * on behalf of 156 people killed * in a 1987 crash , but claims against the jetliner 's maker are being pursued *-188] , [ARG0 a federal judge] [rel said] 0 *T*-1 .
- [ARGM-DIS Also] , [ARG1 a cockpit warning system failed *-1 to alert the pilots 0 the flaps and slats were not set *-3 for takeoff] , [ARG0 the NTSB] [rel said] 0 *T*-2 .
- [ARG0 Insiders] [rel say] [ARG1 that not even their editors know for sure how much these show-piece publications , along with the newspapers , have cost Mr. Moon *T*-1] .
- [ARG0 The Manville Personal Injury Settlement Trust] [rel said] [ARG1 0 it is considering several ways 0 * to ease a liquidity crunch *T*-1 that *T*-227 could include the sale of Manville Corp. to a third party] .
- [ARG1 Unemployment has reached 27.6 % in Azerbaijan , 25.7 % in Tadzhikistan , 22.8 % in Uzbekistan , 18.8 % in Turkmenia , 18 % in Armenia and 16.3 % in Kirgizia] , [ARG0 the Communist Party newspaper] [rel said] 0 *T*-1 .
- [ARG0 The newspaper] [rel said] [ARG1 0 it is past time 0 for the Soviet Union to create unemployment insurance and retraining programs like those of the West *T*-1] .
- Pravda gave no estimate for overall unemployment but said 0 [ARG0 an `` Association of the Unemployed '' *ICH*-1] has cropped up that *T*-2 [rel says] [ARG1 0 the number of jobless is 23 million Soviets , or 17 % of the work force] .
- [ARG0 Pravda] gave no estimate for overall unemployment but [rel said] [ARG1 0 an `` Association of the Unemployed '' *ICH*-1 has cropped up that *T*-2 says 0 the number of jobless is 23 million Soviets , or 17 % of the work force] .
- `` [ARG1 The only people who *T*-228 are flying are those who *T*-229 have *-2 to *?*] , '' [rel said] *T*-1 [ARG0 Frank Moore , chairman of the Australian Tourist Industry Association] .
- [ARG0 Transport giant TNT , which *T*-230 owns half of one of the country 's two major domestic carriers ,] [rel said] [ARG1 0 the cost of the dispute had been heavy , * cutting TNT 's profits 70 % to $ 12 million *U* in the three months to Sept. 30] .
- The committee is formulating Hong Kong 's constitution for when it reverts to Chinese control in 1997 *T*-1 , and [ARG0 Chinese lawmakers] [rel said] [ARG1 0 the two can only return if they `` abandon their antagonistic stand against the Chinese government and their attempt * to nullify the Sino-British joint declaration on Hong Kong] . ''
- [ARGM-DIS However] , [ARG0 a Canadian Embassy official in Tel Aviv] [rel said] [ARG1 that Canada was unlikely *-1 to sell the Candu heavy-water reactor to Israel since Israel has n't signed the Nuclear Non-Proliferation Treaty] .
- [ARG0 South Korean government officials] [rel said] [ARG1 0 they do n't expect that Seoul can loan money to Warsaw , but it can `` offer experience] . ''
- [ARGM-TMP Earlier this year] , [ARG0 Venezuela] announced 0 it was opening up debt-equity swaps to foreign investors but [rel said] [ARG1 0 the program would be limited to a net disbursement of $ 600 million *U* a year] .
- [ARG1 The office of foreign investment has authorized some $ 1.78 billion *U* worth of investment proposals] , [rel said] 0 *T*-1 [ARG0 Edwin Perozo , superintendent of foreign investment] .
- [ARG1 Most of the proposals are in tourism , basic industry and fishery and agro-industry projects] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 The South African Broadcasting Corp.] [rel said] [ARG1 0 the song `` Freedom Now '' was `` undesirable for broadcasting] . '' ...
- [ARG0 The filing] [ARGM-DIS also] [rel said] [ARG1 0 the trust is considering a sale of Manville securities in the open market ; an extraordinary dividend on the common stock ; or a recapitalization of Manville] .
- [ARG1 The Soviet Union 's jobless rate is soaring to 27 % in some areas] , [ARG0 Pravda] [rel said] 0 *T*-1 .
- [ARG0 It] [rel said] [ARG1 0 the situation is caused *-197 by efforts * to streamline bloated factory payrolls] .
- [ARG0 The judge] [ARGM-DIS also] [rel said] [ARG1 0 the two marital testimonial privileges cited * by Mrs. Marcos do n't apply] .
- [ARGM-DIS But] [ARG0 Judge Keenan] [rel said] [ARG1 0 that privilege 's purpose is `` fostering harmony in marriage] . ''
- [ARG1 Because Mr. Marcos died Sept. 28 , the privilege can no longer apply] , [ARG0 the judge] [rel said] 0 *T*-1 .
- But [ARG0 Judge Keenan] [rel said] [ARG1 0 that privilege is meant *-1 to protect private utterances -- not litigation papers filed * with foreign governments , as Mrs. Marcos 's attorneys maintained] .
- [ARGM-DIS As a result] , [ARG0 he] [rel said] [ARG1 0 he will examine the Marcos documents sought * by the prosecutors *-1 to determine whether * turning over the filings is self-incrimination] .
- [ARG0 THE UNITED AUTO WORKERS] [rel said] [ARG1 0 it will seek a rehearing of a U.S. appellate court ruling against the union 's claim that the state of Michigan engages in wage-discrimination against female employees] .
- [ARG0 He] [rel said] [ARG1 0 an altered license would be an `` embarrassment '' to teenagers and young adults and would act as a deterrant to drug use] .
- [ARG0 Richard Avena , executive director of the Texas Civil Liberties Union ,] called the proposal `` political gimmickry , '' and [rel said] [ARG1 0 it fails *-1 to recognize the drug problem as a health issue] .
- [ARG1 The law is meant *-1 to overcome delays caused * by defendants ' use of foreign procedures * to block U.S. requests for records] , [ARG0 Judge Keenan] [rel said] 0 *T*-3 [ARGM-LOC in his opinion] .
- `` [ARG1 This ought *-2 to be subtitled *-3 the ` * Do n't let Frank Lorenzo take over another airline ' amendment] , '' [rel said] *T*-1 [ARG0 Rep. James Oberstar -LRB- D. , Minn. -RRB- , chairman of the House aviation subcommittee , who *T*-241 argued that the provision was unnecessary because the bill already would give the department ample power * to block undesirable deals] .
- `` [ARG1 This is a time of self-criticism 0 * to discover what *T*-242 is wrong with us *T*-2] , '' [ARG0 he] [rel said] *T*-1 .
- Nissan handled the die-hards in a typically Japanese fashion : [ARG1 They were n't fired *-2 but instead `` were neglected *-2] , '' [rel says] 0 *T*-1 [ARG0 Kouji Hori , the personnel manager at the Nissan Technical Center] .
- `` [ARG1 Everyone else is going *-2 to catch up '' with Nissan 's innovative designs] , [rel says] 0 *T*-1 [ARG0 A. Rama Krishna , auto analyst at First Boston -LRB- Japan -RRB- Ltd] .
- [ARG1 But] on reflection , [ARG0 Mr. Oka] [rel says] 0 *T*-1 , he concluded that Nissan is being prudent in *-2 following its slow-startup strategy instead of simply copying Lexus .
- `` [ARG1 Infiniti is Nissan 's big business move for the 21st century , and we 're in no hurry * to generate large profits right away] , '' [ARG0 Mr. Oka] [rel says] *T*-1 .
- `` [ARG1 We are in a transitional phase from * being a Japanese company to * becoming an international company based * in Japan] , '' [rel says] *T*-1 [ARG0 Mr. Muramatsu , the executive vice president] .
- `` [ARG1 We are still only half way through the turnaround of this company , and there are many more things 0 * to do *T*-2] , '' [ARG0 President Kume] [rel says] *T*-1 .
- [ARGM-ADV As * expected] , [ARG0 Warner Bros . Records] [rel said] [ARG1 0 it agreed *-1 to form a recorded-music and music-publishing joint venture with former MCA Records Chairman Irving Azoff] .
- [ARG0 Warner] [rel said] [ARG1 0 it will provide financing for the venture] , but did n't disclose terms .
- [ARGM-LOC In a statement] [ARGM-TMP yesterday] , [ARG0 Mr. Azoff] [rel said] [ARG1 0 he chose Warner , the largest record company , because `` their standing in the entertainment industry is second to none] .
- [ARG0 Mr. Bush] [rel said] [ARG1 that the December meeting , which *T*-1 was announced *-227 simultaneously in Moscow , will be held *-226 in the unusual setting of ships at sea * to hold down the `` fanfare '' and force the two sides to limit participation to just small groups of advisers] .
- `` [ARG1 By *-2 doing it in this manner we can have , I would say , more time without the press of social activities or mandatory joint appearances , things of that nature for public consumption] , '' [ARG0 Mr. Bush] [rel said] *T*-1 .
- [ARG0 Soviet Foreign Minister Eduard Shevardnadze] , [ARGM-LOC at a news conference in Moscow] , [rel said] , `` [ARG1 As the two sides plan *-2 to hold a full-scale summit in late spring-early summer next year , they found it *EXP*-1 useful , I would say even necessary , * to hold an interim informal meeting] . ''
- Soviet Foreign Minister Eduard Shevardnadze , at a news conference in Moscow , said , `` As the two sides plan *-2 to hold a full-scale summit in late spring-early summer next year , they found it *EXP*-1 useful , [ARG0 I] [ARGM-MOD would] [rel say] [ARG1 even necessary] , * to hold an interim informal meeting . ''
- [ARGM-ADV Although no specific agreements are expected *-228] , [ARG0 Mr. Shevardnadze] [rel said] `` [ARG1 that does n't mean 0 they will be without an agenda] . ''
- [ARGM-DIS Rather] , [ARG0 senior administration officials] [rel said] [ARG1 that the unexpected meeting was scheduled *-223 at Mr. Bush 's request because of his preference for * conducting diplomacy through highly personal and informal meetings with other leaders] .
- `` [ARG1 * Do n't take this as some big opening for major movement on economic cooperation , or arms control , or the environment] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-DIS Instead] , [ARG0 this official] [rel said] , `` [ARG1 This is vintage George Bush] .
- [ARG0 Western analysts] [rel say] [ARG1 that , given the meeting 's setting at sea , Gorbachev is unlikely *-1 to pass up the opportunity * to press once again for negotiated cuts in the navies of both the North Atlantic Treaty Organization and the Warsaw Pact] .
- [ARG0 Mr. Bush] [rel said] [ARG1 that he initiated talks with the Soviets on the informal meeting by *-3 sending a proposal *ICH*-2 to Mr. Gorbachev last July , which the Soviet leader readily accepted *T*-1] .
- [ARG1 Mr. Bush decided 0 he wanted the meeting after *-3 talking in Europe in July with the leaders of Poland and Hungary , who *T*-262 urged him *-1 to support Mr. Gorbachev 's efforts * to transform the Soviet system and to urge him *-4 to loosen his grip on Eastern Europe] , [ARG0 a senior aide] [rel said] 0 *T*-2 .
- [ARGM-DIS Instead] , [ARG0 he] [rel said] [ARG1 that the purpose is simply for the two to get `` better acquainted '' and discuss a wide range of issues without a formal agenda] .
- [ARG0 American officials] have [rel said] [ARG1 that a meeting with the leader of the U.S. could help *-1 bolster his stature among Soviet politicians and academics , whose support he needs *T*-258] .
- [ARG0 Banca Nazionale del Lavoro] [rel said] [ARG1 0 its potential losses from * lending to Iraq could reach 1.175 trillion lire -LRB- $ 872 million *U* -RRB-] , [ARGM-ADV *-1 marking the bank 's first quantification of potential costs of unauthorized lending by its Atlanta branch] .
- [ARG0 BNL] [ARGM-DIS also] [rel said] [ARG1 that its board had approved `` after an in-depth discussion , '' a letter to the Bank of Italy outlining measures 0 the state-owned bank has taken *T*-2 or plans *-3 to take *T*-2 *-3 to improve controls on its foreign branches] .
- [ARG0 They] [rel say] [ARG1 0 these are small prices 0 * to pay *T*-1 for * galvanizing action for the all-important cause] .
- `` [ARG1 I am not aware that there is anything but bipartisan agreement for the general outline '' of the revenue-raising plan] , [rel said] 0 *T*-1 [ARG0 a spokesman for the governor] , [ARGM-TMP after a Monday meeting with legislative leaders over the quake-relief question] .
- [ARG0 The consumer-products and newsprint company] [rel said] [ARG1 0 net rose to $ 108.8 million *U* , or $ 1.35 *U* a share , from $ 90.5 million *U* , or $ 1.12 *U* a share , a year ago] .
- [ARG1 Those gains came from higher prices , particularly for disposable diapers and tissue products , and from increased sales , primarily for feminine-care products] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARGM-DIS Still] , [ARG0 congressional aides] [rel say] [ARG1 0 penalty reform is a strong candidate for enactment , even if not this time around , although some provisions may be modified *-243] .
- [ARG0 The group 's Mark Cahoon] [rel says] [ARG1 0 its efforts begun * in 1989 have led to the introduction of bills *ICH*-3 *PPA*-1 in Massachusetts , Minnesota and Colorado 0 *T*-2 to establish evenhanded procedures affecting all kinds of taxpayers] .
- [ARG1 THE MILEAGE RATE allowed * for business use of a car in 1989 has risen to 25.5 cents a mile for the first 15,000 from 24 cents in 1988 , [ARG0 the IRS] [rel says] 0 *T*-1] ; the rate stays 11 cents for each added mile .
- [ARG1 HE RODE HIS HOBBY , but he could n't milk it] , [ARG0 the Tax Court] [rel says] 0 *T*-1 .
- [ARG0 The judge] [rel said] [ARG1 0 Givens may deduct his $ 30,180 *U* of losses from horse breeding] , but rejected the $ 12,275 *U* in deductions from the cattle operation .
- [ARG0 President Bush] [rel says] [ARG1 0 he will name Donald E. Kirkendall to the new Treasury post of inspector general , which *T*-284 has responsibilities for the IRS] ... .
- [ARG1 PENALTY OVERHAUL is still likely] , [ARG0 congressional sources] [rel say] 0 *T*-1 .
- [ARGM-LOC In a statement to employees] , [ARG0 Eastern] [rel said] [ARG1 0 the company was disappointed by the ruling] .
- `` [ARG1 The obligation is totally unwarranted] , '' [ARG0 the statement] [rel said] *T*-1 .
- [ARG0 James Linsey , a lawyer for the Air Line Pilots Association ,] [rel said] [ARG1 0 the pilots were extremely pleased] .
- `` [ARG1 This is a blow not only to Eastern but to the creditors committee] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Eastern , a unit of Texas Air Corp. ,] [rel said] [ARG1 0 it is examining the ruling *-1 to determine if it can appeal] .
- [ARG0 An Eastern spokesman] [rel said] [ARG1 0 he does n't expect that the arbitrator 's ruling `` will have any overall material effect on the company 's strategic plan] . ''
- [ARG0 Bankruptcy experts] [rel said] [ARG1 0 the law is n't clear on how such an arbitration ruling can affect a company 's case *T*-1] .
- `` [ARG1 I 've done over 40 ad agency searches -LCB- for clients -RCB- , so I have a pretty good notion of what clients are interested in *T*-1 when they look for an agency *T*-2] , '' [ARG0 Mr. Achenbaum] [rel said] *T*-3 .
- [ARG0 Mr. Spielvogel] [rel said] [ARG1 0 he hopes 0 Mr. Achenbaum will do some strategic consulting at the agency for `` non-clients , in hopes that they become clients] . ''
- [ARG1 And with Al 's record of * being a delver and a detail guy , you can see how the two fit *T*-1] , '' [rel said] *T*-2 [ARG0 Alan Gottesman , an analyst with PaineWebber] .
- [ARGM-TMP When the announcement came out *T*-1] , `` [ARG0 I] picked up the phone and [rel said] , ` [ARG1 Why do n't you come to us ?] ' '' Mr. Spielvogel said 0 *T*-2 .
- [ARG1 When the announcement came out *T*-1 , `` I picked up the phone and said , ` Why do n't you come to us ? ' ''] [ARG0 Mr. Spielvogel] [rel said] 0 *T*-2 .
- `` [ARG1 I was very frustrated] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Spielvogel] [rel said] [ARG1 0 Mr. Achenbaum will work with clients *-1 to determine the mix of promotion , merchandising , publicity and other marketing outlets , and to integrate those services] .
- `` [ARG1 The trail of revenue is increasingly going away from pure advertising , and going towards other services] , '' [ARG0 Mr. Spielvogel] [rel said] *T*-1 .
- [ARGM-TMP During the takeover] , [ARG0 Mr. Hahn] [rel said] [ARG1 0 he would put his account up for review if WPP 's bid were successful] , but he did n't *?* .
- `` [ARG1 We 're making a fairly obvious plea for some emotional reaction] , '' [rel says] *T*-1 [ARG0 Tom Rost , creative director at Ogilvy & Mather] .
- They have since mellowed , although [ARG0 one senior Young & Rubicam executive] , [ARGM-ADV *-1 echoing others] , [rel said] : `` [ARG1 I think 0 ad agencies owe Carl -LCB- Spielvogel -RCB- a vote of thanks for * getting him out of the consulting business] . ''
- [ARG0 The prime minister , whose hair *T*-298 is thinning and gray and whose face *T*-299 has a perpetual pallor ,] nonetheless continues *-1 to display an energy , a precision of thought and a willingness * to [rel say] [ARGM-MNR publicly] [ARG1 what most other Asian leaders dare *-2 say *T*-300 only privately] .
- [ARGM-CAU *-1 Asked *-2 if the Soviets , like Chinese officials , wo n't one day face a similar conflict between the desire * to liberalize economically and yet retain political control] , [ARG0 Mr. Lee] [rel said] , `` [ARG1 I would think that the Soviets face a deeper dilemma because they have been more in blinkers than the Chinese -- I mean * keeping their people cut off *-3 from the outside world] . ''
- The prime minister , whose hair *T*-298 is thinning and gray and whose face *T*-299 has a perpetual pallor , nonetheless continues *-1 to display an energy , a precision of thought and a willingness * to say publicly [ARG1 what] [ARG0 most other Asian leaders] dare *-2 [rel say] *T*-300 [ARGM-MNR only privately] .
- [ARG1 Mikhail Gorbachev] , [ARG0 he] [rel said] 0 *T*-1 , is ahead of China 's leaders in his awareness of the world .
- [ARG1 Regardless] , [ARG0 he] [rel said] *T*-1 , he still believes 0 the Soviet Union , while *-2 falling far short of the efficiency of a Western economy , may well manage *-2 to improve considerably .
- [ARG1 In such an arrangement , `` all benefit , ''] [ARG0 he] [rel said] 0 *T*-1 .
- [ARGM-CAU *-2 Asked *-3 about the possibility of greater economic cooperation among Asia-Pacific nations , which *T*-1 will be discussed *-247 Nov. 6 and 7 at a ministerial meeting in Canberra] , [ARG0 Mr. Lee] [rel said] [ARG1 0 the goal `` is * to have a free and open world trading system] . ''
- [ARG1 An Asian bloc is n't intended] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 I believe 0 the U.S. is becoming more patient and circumspect] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 Japan 's recent political turbulence] , [ARG0 Mr. Lee] [rel said] 0 *T*-1 , may mean 0 Japan will slow market adjustments .
- On U.S. military presence in Asia : [ARGM-CAU *-3 Asked *-4 if his offer * to allow the American military to use facilities in Singapore would help preserve America 's presence in the region at bases in the Philippines] , [ARG0 he] [rel said] , `` [ARG1 What we have done *T*-302 is * make it *EXP*-1 easier for the Philippines to continue *-5 to host American bases without it being said 0 they are lackeys of the imperialists and the only ones in Asia or in Southeast Asia] .
- On U.S. military presence in Asia : *-3 Asked *-4 if his offer * to allow the American military to use facilities in Singapore would help preserve America 's presence in the region at bases in the Philippines , he said , `` What we have done *T*-302 is * make it *EXP*-1 easier for the Philippines to continue *-5 to host American bases without it being [rel said] [ARG1 0 they are lackeys of the imperialists and the only ones in Asia or in Southeast Asia] .
- [ARGM-CAU *-3 Asked *-4 why so few nations seem *-2 to share his views of America *T*-1] , [ARG0 he] [rel said] , `` [ARG1 Many people see it that way] .
- [ARGM-ADV On China 's turmoil] : `` [ARG1 It is a very unhappy scene] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 Until now , we 've had no objective way of * measuring motor function] , '' [rel says] *T*-1 [ARG0 Keith Chiappa , a neurologist conducting clinical tests with the devices at Boston 's Massachusetts General Hospital] .
- [ARG1 But for brain tests , the unwieldy machines `` would have required patients to stand on their heads , ''] [rel says] 0 *T*-1 [ARG0 Reginald Bickford , a researcher at the University of California at San Diego] .
- `` [ARG1 We do n't feel 0 we can use -LCB- the devices -RCB- routinely in surgery yet , but we 're getting close] , '' [rel says] *T*-1 [ARG0 Dr. Levy , who *T*-311 is now with the University of Pittsburgh] .
- [ARG1 The devices could help *-1 indicate when surgery would help *T*-2] , [rel says] 0 *T*-3 [ARG0 Charles Tator , a University of Toronto neurosurgeon] .
- `` [ARG1 The cost -LCB- of magnetic stimulators -RCB- would seem like peanuts if we could retrieve limb function '' in such people] , [ARG0 Dr. Tator] [rel says] 0 *T*-1 .
- [ARG1 The main sensation , besides * feeling like a puppet jerked * with invisible strings , is `` like a rap on the head] , '' [rel says] 0 *T*-1 [ARG0 Sam Bridgers , a neurologist who *T*-313 has studied the brain stimulators at Yale University] .
- [ARG1 Then] , [rel says] *ICH*-1 [ARG0 Dr. Levy] , `` she woke up *-2 paralyzed . ''
- [ARG1 The devices might someday serve as temporary pacemakers or restarters for stopped hearts] , [rel says] 0 *T*-1 [ARG0 Dr. Tacker , whose prototype *T*-2 was dubbed *-255 the `` Tacker whacker] . ''
- [ARG0 He and others] [rel say] [ARG1 that the machines are weak enough that they do n't jeopardize the memory] .
- [ARG1 Among other things , the stronger devices may be able *-1 to summon forth half-forgotten memories and induce mood changes] , [ARG0 neurologists] [rel say] 0 *T*-2 .
- [ARG0 Du Pont Co. , Hewlett-Packard Co. and Los Alamos National Laboratory] [rel said] [ARG1 0 they signed a three-year , $ 11 million *U* agreement * to collaborate on superconductor research] .
- [ARG1 The collaboration will include at least 25 researchers and will be aimed *-2 primarily at * developing thin films of high-temperature superconductors for use in electronics] , [ARG0 the companies] [rel said] 0 *T*-1 .
- [ARG0 J.C. PENNEY Co. , Dallas ,] [rel said] [ARG1 0 it issued $ 350 million *U* of securities backed * by credit-card receivables] .
- [ARG0 The retailer] [rel said] [ARG1 0 the securities are expected *-1 to be rated *-2 triple-A by Standard & Poor 's Corp. and Aaa by Moody 's Investors Service Inc] .
- `` [ARG1 From the beginning , it *EXP*-1 took a man with extraordinary qualities * to succeed in Mexico] , '' [rel says] *T*-2 [ARG0 Kimihide Takimura , president of Mitsui group 's Kensetsu Engineering Inc. unit] .
- `` [ARG1 The Japanese will come to Mexico , but not immediately] , '' [rel says] *T*-1 [ARG0 Kazushige Suzuki , director-general of the Japanese External Trade Organization in Mexico] .
- `` [ARG1 When the fruit is ripe *T*-2 , it falls from the tree by itself] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Because of distance , it *EXP*-2 takes a while for them to appreciate the economic stability 0 we 've achieved *T*-1] , '' [rel says] *T*-3 [ARG0 one economic policymaker] .
- But [ARG0 Japanese investors] [rel say] [ARG1 that their reluctance * to invest stems not only from concerns about Mexico 's economic outlook , but also reservations about Mexico 's recently revamped investment law] .
- `` [ARG1 Those devices do n't give sufficient certainty to our bosses in Japan] , '' [rel says] *T*-1 [ARG0 Yasuo Nakamura , representative of the Industrial Bank of Japan] .
- [ARG0 Some] [rel say] [ARG1 0 the best hope for the Mexicans is * catching the eye of Japan by *-2 promoting the one industry 0 the Japanese clearly like *T*-1 -- the border assembly plants , known * as `` maquiladoras , '' which *T*-5 are open to 100 % foreign control] .
- `` [ARG1 We must do more * to help the Japanese here in Baja if we want them to invest elsewhere] , '' [rel says] *T*-1 [ARG0 Mr. Ruffo , the governor-elect of the National Action Party and himself a succesful businessman] .
- From the Mexicans ' viewpoint , vaunted tactics of methodical Japanese managers do n't count for much in a land where [ARG0 a saying] [rel says] [ARG1 `` there are no fixed rules . ''] *T*-1
- [ARG0 David Owen , an economist at Kleinwort Benson & Co. in London ,] [rel said] [ARG1 0 he expects further cuts in short-term U.S. rates in an effort * to encourage a narrowing of the trade gap and to ensure a soft landing in the U.S. economy] .
- [ARG0 Mr. Kakita] [rel said] [ARG1 0 the key dollar-yen exchange rate is at 135 yen] .
- [ARG0 Jens-Uwe Fischer , a senior trader at Manufacturers Hanover Trust Co. in Frankfurt ,] [rel said] [ARG1 0 he expects the dollar to recover within the next three months to around 1.88 marks as U.S. economic data , particularly U.S. trade figures , level off] .
- [ARG0 He] [rel said] [ARG1 0 he expects U.S. interest rates to decline , * dragging the dollar down to around 1.80 marks by the end of January after a short-lived dash to 1.87 marks by the end of November] .
- [ARG1 West German interest rates] , [ARG0 he] [rel said] 0 *T*-1 , will remain unchanged .
- `` [ARG1 But I 'm not one of these great dollar bears 0 you see more of *T*-1 these days] , '' [ARG0 Mr. Zapfel] [rel said] *T*-2 .
- `` [ARG1 We 're finally seeing the culmination of all the recessionary buildup of the last few months] , '' [ARG0 he] [rel said] *T*-1 , [ARGM-ADV *-2 noting 0 a continuing downward trend in U.S. interest rates , a shaky stock market and `` gloomier economic times ahead '' all signal a significantly lower dollar] .
- [ARG1 West Germany will repeal the unpopular turnover tax on securities transactions as of Jan. 1 , 1991] , [ARG0 Economics Minister Helmut Haussmann] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the government will also repeal the 1 % transaction tax on the first-time purchase of stakes in companies] .
- [ARG0 A Chemical spokeswoman] [rel said] [ARG1 0 the second-quarter charge was `` not material '' and that no personnel changes were made *-1 as a result] .
- [ARG0 The spokeswoman] [rel said] [ARG1 0 the Frankfurt situation was `` totally different '' from problems in the interest-rate options unit] .
- Chemical said 0 Steven Edelson resigned recently , but [ARG0 one individual close to the situation] [rel said] [ARG1 0 the resignation was forced *-1] .
- [ARG0 Chemical] [rel said] [ARG1 0 Steven Edelson resigned recently] , but one individual close to the situation said 0 the resignation was forced *-1 .
- [ARGM-ADV While the incidents involving interest-rate options and forward-rate agreements are unrelated] , [ARG0 some observers] [rel say] [ARG1 0 they echo a 1987 incident in which Bankers Trust New York Corp. restated the value of its foreign exchange options contracts downward by about $ 80 million *U* *T*-1] .
- [ARG0 The Chemical spokeswoman] [rel said] [ARG1 0 the bank has examined its methodologies and internal controls] .
- `` [ARG1 We consider our internal controls to have worked well] , '' [ARG0 she] [rel said] *T*-1 , [ARGM-ADV *-2 adding that some procedures have been strengthened *-3] .
- [ARG1 Its valuation methodologies] , [ARG0 she] [rel said] 0 *T*-1 , `` are recognized *-2 as some of the best on the Street .
- [ARG1 I love this business] , '' [ARG0 he] [rel says] *T*-1 .
- But there were hitches , not the least of which *T*-17 was that , [ARG0 Mr. Wathen] [rel says] , he proceeded almost blindly in * doing the $ 95 million *U* acquisition , which *T*-18 was completed *-1 in January 1988 .
- [ARG1 If we had *?* , it might have scared us off] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 He] [rel says] [ARG1 0 his team could n't tell whether accounts receivable had been paid *-1 or not] .
- [ARG1 Even after *-1 divesting itself of $ 120 million *U* of unprofitable business , the new Pinkerton 's will have sales of about $ 610 million *U* this year and operating profit roughly double the industry average of 2%-3 % *U* of sales] , [rel says] 0 *T*-3 [ARG0 Lloyd Greif of Sutro & Co. in Los Angeles , which *T*-20 arranged the Pinkerton 's acquisition] .
- [ARG0 Mr. Wathen] [rel says] [ARG1 0 his turnaround strategy *ICH*-1 has been simple : * just hack away at the fat] .
- [ARG0 Mr. Wathen] , who *T*-23 [rel says] [ARG1 0 Pinkerton 's had a loss of nearly $ 8 million *U* in 1987 under American Brands] , boasts that he 's made Pinkerton 's profitable again .
- `` [ARG1 We would n't have had *-1 to refinance if a lot of the problems had n't been there] , '' [ARG0 Mr. Wathen] [rel says] *T*-2 .
- [ARGM-TMP This year] , [ARG0 Mr. Wathen] [rel says] [ARG1 0 the firm will be able *-1 to service debt and still turn a modest profit] .
- `` [ARG1 We have previously had discussions with representatives of Pinkerton 's Inc. concerning the -LCB- sale of the company -RCB- and we concluded that we did not have liability under the contract , ''] [rel says] *T*-1 [ARG0 American Brands] .
- [ARG1 The key to Pinkerton 's future will be * sticking to what it does *T*-1 best -- * being a security company] , [rel says] 0 *T*-2 [ARG0 Mr. Wathen] .
- [ARG1 American Brands `` just had a different approach , ''] [ARG0 Mr. Wathen] [rel says] 0 *T*-1 .
- `` [ARG1 We cleared out a lot of rats ' nests] , '' [rel says] *T*-1 [ARG0 the 60-year-old security veteran] .
- [ARG1 Farm prices in October edged up 0.7 % from September as raw milk prices continued their rise] , [ARG0 the Agriculture Department] [rel said] 0 *T*-1 .
- [ARG1 Milk sold * to the nation 's dairy plants and dealers averaged $ 14.50 *U* for each hundred pounds , up 50 cents from September and up $ 1.50 *U* from October 1988] , [ARG0 the department] [rel said] 0 *T*-2 .
- [ARG0 Paramount , which *T*-25 agreed *-1 to sell the unit in July ,] [rel said] [ARG1 0 it would realize net proceeds from the sale of $ 2.6 billion *U* , with an after-tax gain of $ 1.2 billion *U*] .
- [ARG0 Paramount] [rel said] [ARG1 0 the gain would be recorded *-1 in its fourth quarter , which *T*-26 ended yesterday] .
- [ARG0 Paramount] [rel said] [ARG1 0 the sale `` completes the strategic restructuring '' 0 it began *T*-1 in 1983 , and would enable it to focus on its entertainment and publishing businesses] .
- [ARG0 Ford] [rel said] [ARGM-TMP in July] [ARG1 0 it planned *-2 to operate Associates , based * in Dallas , as a separate entity in its Ford Financial Services Group] .
- [ARG0 Paramount] [rel said] [ARG1 0 Associates has about $ 14 billion *U* in total assets , * making it third-largest in terms of assets among independent finance companies in the U.S.] .
- [ARG0 Sea Containers Ltd.] , [ARGM-LOC in a long-awaited move * to repel a hostile takeover bid] , [rel said] [ARG1 0 it will sell $ 1.1 billion *U* of assets and use some of the proceeds *-1 to buy about 50 % of its common shares for $ 70 *U* apiece] .
- [ARG0 Walter Kirchberger , an analyst with PaineWebber Inc. ,] [rel said] [ARG1 that * offering holders a higher , $ 70-a-share price is `` a fairly effective method of * blocking '' the Stena-Tiphook bid] .
- [ARG0 The company] [rel said] [ARG1 0 its directors , management and subsidiaries will remain long-term investors and *-1 wo n't tender any of their shares under the offer] .
- [ARG0 Sea Containers] [rel said] [ARG1 0 the offer will proceed after the Bermuda Supreme Court lifts or modifies an interim injunction restraining the company from *-1 buying its shares] .
- [ARG0 The company] [rel said] [ARG1 0 the court has indicated 0 it will make a decision on or about Nov. 27] .
- [ARGM-MNR *-1 Describing itself as `` asset rich , ''] [ARG0 Sea Containers] [rel said] [ARG1 0 it will move immediately *-2 to sell two ports , various ferries , ferry services , containers , and other investments] .
- [ARG0 The company , which *T*-27 has 13.8 million common shares outstanding ,] [rel said] [ARGM-TMP in mid-June] [ARG1 that it was considering a restructuring 0 *T*-2 to ward off a hostile takeover attempt by two European shipping concerns] .
- [ARGM-TMP This week] , [ARG0 a Baltimore Sun editorial] [rel said] [ARG1 0 the Lantos subcommittee on HUD should forget about Sam Pierce 's testimony for the moment and call some other witnesses : the various congressional sponsors of the 40 pork-barrel projects] .
- [ARG0 Proponents of * expanding FHA programs] [rel say] [ARG1 0 they merely want *-1 to help home buyers who *T*-32 are frozen *-2 out of high-priced markets] .
- [ARG0 Gillette Co. , Boston ,] [rel said] [ARG1 0 it is planning *-1 to restructure its South African subsidiary] .
- [ARG1 A final agreement has not been signed *-1 , and the moves will not have a material effect on the company] , [ARG0 Gillette] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 it is part of a continuing world-wide restructuring in which it has downsized or sold operations in several countries *T*-1] .
- [ARG0 Gillette] [rel said] [ARG1 0 its continued presence in South Africa `` enables it to make meaningful contributions to South African society , to the lives of its employees and to the communities in which it operates *T*-1 . '']
- [ARG1 About 60 % of the work force will continue with Gillette or transfer to Twins Pharmaceuticals] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 The Tass news agency] [rel said] [ARG1 0 the 1990 budget anticipates income of 429.9 billion rubles -LRB- US$ 693.4 billion *U* -RRB- and expenditures of 489.9 billion rubles -LRB- US$ 790.2 billion *U* -RRB-] .
- [ARG0 Tass] [rel said] [ARG1 0 the final budget and economic plan calls for a sharp increase in the production of consumer goods] .
- [ARG0 Ocean Drilling] [rel said] [ARG1 0 it will offer 15 % to 20 % *U* of the contract-drilling business through an initial public offering *PPA*-1 in the near future] .
- [ARG0 Ocean Drilling] [rel said] [ARG1 0 it wo n't hold any shares of the new company after the restructuring] .
- [ARG1 `` They hope 0 they can buy some government cost discipline , '' but this is a false hope] , [ARG0 Mr. Schramm] [rel says] 0 *T*-1 .
- `` [ARG1 No magic bullet will be discovered *-1 next year , an election year] , '' [rel says] *T*-2 [ARG0 Rep. Fortney Stark -LRB- D. , Calif . -RRB-]
- `` [ARG1 I think 0 employers are really going *-1 to be the ones 0 *T*-2 to push for major change] , '' [rel says] *T*-3 [ARG0 Sharon Canner , a health expert at NAM] .
- `` [ARG1 I ca n't remember a time when virtually everyone can agree on what the problem is *T*-1 *T*-3] , '' [rel says] *T*-2 [ARG0 Mr. Seidman , who *T*-36 heads the AFL-CIO 's department dealing with health matters] .
- `` [ARG1 Business across the country is spending more time *-2 addressing this issue] , '' [rel says] *T*-1 [ARG0 Sen. Edward Kennedy -LRB- D. , Mass . -RRB-] .
- [ARG0 Stelco Inc.] [rel said] [ARG1 0 it plans *-1 to shut down three Toronto-area plants , *-1 moving their fastener operations to a leased facility in Brantford , Ontario] .
- [ARG0 The company] [rel said] [ARG1 0 the fastener business `` has been under severe cost pressures for some time] . ''
- [ARG0 He] [rel said] [ARG1 0 the new facility will employ 500 of the existing 600 employees] .
- [ARG0 Stelco] [rel said] [ARG1 0 it has an option * to lease a 350,000-square-foot building in Brantford and proposes *-1 to spend 24.5 million Canadian dollars -LRB- US$ 20.9 million *U* -RRB- on the facility] .
- [ARG0 First Security Corp.] [rel said] [ARG1 0 it tentatively agreed *-1 to acquire Deseret Bancorp. for stock valued * at about $ 18 million *U*] .
- [ARG0 Salt Lake City-based First Security , with $ 5.4 billion *U* in assets ,] [rel said] [ARG1 0 the agreement is subject to shareholder and regulatory approval , and that it hopes *-1 to complete the transaction early next year] .
- [ARGM-ADV For the paper industry] specifically , [ARG0 most analysts] [rel said] [ARG1 0 the deal will spur a wave of paper-company takeovers , possibly involving such companies as Union Camp Corp. , Federal Paperboard Co. and Mead Corp] .
- [ARG0 William R. Laidig , Nekoosa 's chairman , chief executive officer and president ,] characterized the $ 58-a-share *U* bid as `` uninvited '' and [rel said] [ARG1 0 Nekoosa 's board would consider the offer `` in due course] . ''
- [ARG1 The Georgia-Pacific offer has definitely changed the landscape] , '' [rel said] *T*-1 [ARG0 Gary Palmero of Oppenheimer & Co] .
- [ARG0 T. Marshall Hahn Jr. , Georgia-Pacific 's chairman and chief executive ,] [rel said] [ARGM-LOC in an interview] [ARG1 that all terms of the offer are negotiable] .
- At a time when [ARG0 most analysts and industry consultants] [rel say] [ARG1 0 pulp and paper prices are heading for a dive] *T*-1 , * adding capacity and debt could squeeze Georgia-Pacific if the industry declines more than the company expects .
- `` [ARG1 Nobody knows how deep the cycle is going *-2 to be *T*-1] , '' [rel said] *T*-3 [ARG0 Rod Young , vice president of Resource Information Systems Inc. , a Bedford , Mass. , economic-forecasting firm] .
- [ARG0 One person familiar with Georgia-Pacific] [rel said] [ARG1 0 the acquisition would more than double the company 's debt of almost $ 3 billion *U*] .
- [ARG0 Georgia-Pacific 's Mr. Hahn] [rel said] [ARG1 that a combined operation would allow savings in many ways] .
- [ARG1 That means 0 goods could be manufactured *-1 closer to customers , * saving shipping costs] , [ARG0 he] [rel said] 0 *T*-2 .
- Mr. Hahn said 0 Georgia-Pacific has accounted in its strategy for a `` significant downturn '' in the pulp and paper industry , an event that [ARG0 he] [rel said] [ARG1 0 *T*-1 would temporarily dilute earnings] .
- [ARG0 Mr. Hahn] [rel said] [ARG1 0 Georgia-Pacific has accounted in its strategy for a `` significant downturn '' in the pulp and paper industry , an event that he said 0 *T*-1 would temporarily dilute earnings] .
- But [ARG0 he] [rel said] [ARG1 that even under those conditions , the company still would realize a savings of tens of millions of dollars in the first year following a merger] .
- `` [ARG1 The fit is so good , we see this as a time of opportunity] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 I 'm hopeful that we 'll have further discussions] , '' [ARG0 Mr. Hahn] [rel said] *T*-1 .
- [ARG0 People familiar with Nekoosa] [rel said] [ARG1 0 its board is n't likely *-1 to meet before the week after next *-1 to respond to the bid] .
- `` [ARG1 I 'm sure 0 everybody else is putting pencil to paper] , '' [rel said] *T*-1 [ARG0 Kathryn McAuley , an analyst with First Manhattan Co] .
- Canadian Pacific could n't be reached *-2 for comment , and [ARG0 MacMillan Bloedel] [rel said] [ARG1 0 it has n't any plans * to make a bid for Nekoosa] .
- [ARGM-DIS Moreover] , [ARG0 some analysts] [rel said] [ARG1 0 they expect a foreign paper company with deeper pockets than Georgia-Pacific to end up *-1 acquiring Nekoosa , *-2 signaling to the rest of the industry that hostile bids are unproductive] .
- `` [ARG1 This is a one-time event] , '' [rel said] *T*-1 [ARG0 Lawrence Ross of PaineWebber Inc.] , [ARGM-ADV *-2 referring to the Georgia-Pacific bid] .
- `` [ARG1 The Georgia-Pacific bid may open the door to a new era of consolidation '' in the paper industry] , [rel said] *T*-1 [ARG0 Mark Devario of Shearson Lehman Hutton Inc] .
- `` [ARG1 I do n't think 0 anyone is now immune from takeover] , '' [rel said] *T*-1 [ARG0 Robert Schneider of Duff & Phelps Inc. , Chicago] .
- He added : `` [ARG0 Every paper company management] has *-1 to be [rel saying] to [ARG2-to itself] , ` [ARG1 Before someone comes after me , I 'm going *-2 to go after somebody] . ' ''
- [ARG0 Prudential-Bache 's Mr. Rodgers] [rel said] [ARG1 0 he does n't see the industry 's capacity-expansion program hindering takeover activity] .
- [ARG1 Several projects] , [ARG0 he] [rel said] 0 *T*-1 , are still on the drawing board .
- [ARGM-DIS Indeed] , [ARG0 a number of analysts] [rel said] [ARG1 that Japanese paper companies are hungry *-1 to acquire additional manufacturing capacity anywhere in the world] .
- [ARGM-TMP Meanwhile] , [ARG0 Shearson Lehman 's Mr. Devario] [rel said] [ARG1 that , *-1 to stay competitive , the U.S. paper industry needs *-1 to catch up with the European industry] .
- [ARG1 Since the most-recent wave of friendly takeovers was completed *-2 in the U.S. in 1986 , there have been more than 100 mergers and acquisitions within the European paper industry] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 The way 0 the world is shaping up *T*-2 , the strategic buyer is going *-3 to be the rule and the financial buyer is going *-4 to be the exception] , '' [rel said] *T*-1 [ARG0 one trader] .
- [ARG0 Lyphomed Inc. , Rosemont , Ill. , and Medco Research Inc. , Los Angeles ,] [rel said] [ARG1 0 the Food and Drug Administration granted full marketing approval for a new drug for the treatment of a condition in which the heart beats between 150 and 200 beats a minute *T*-1] .
- [ARG1 Private industry 's labor costs rose 1.2 % in the third quarter , * matching the second-quarter pace , as health insurance costs continued *-1 to soar] , [ARG0 the Labor Department] [rel said] 0 *T*-2 .
- `` [ARG1 Wage increases and overall compensation increases are beginning *-1 to curl upward a little bit] , '' [rel said] *T*-2 [ARG0 Audrey Freedman , a labor economist at the Conference Board , a business research organization] .
- [ARG0 DeSoto Inc.] [rel said] [ARG1 0 it is dismissing 200 employees as part of a restructuring aimed * at * producing pretax savings of $ 10 million *U* annually] .
- [ARGM-LOC Under the plan] , [ARG0 DeSoto] [rel said] [ARG1 0 it will sell certain assets and businesses that *T*-50 do n't meet strategic and profitability objectives] .
- [ARG0 The Des Plaines , Ill. , chemical coatings concern , which *T*-51 has about 2,000 employees world-wide ,] [rel said] [ARG1 0 it plans *-1 to sell its domestic rigid container packaging and flexible adhesives businesses , and its Chicago Heights , Ill. , resin plant] .
- [ARG0 The company] [rel said] [ARG1 0 it plans *-1 to use the sale proceeds *-2 to invest in business opportunities more closely identified * with the company 's `` refocused direction] .
- [ARG0 StatesWest Airlines , Phoenix , Ariz. ,] [rel said] [ARG1 0 it withdrew its offer * to acquire Mesa Airlines because the Farmington , N.M. , carrier did n't respond to its offer by the close of business yesterday , a deadline 0 StatesWest had set *T*-1 for a response] .
- [ARG0 StatesWest , which *T*-52 has a 7.25 % stake in Mesa ,] [rel said] [ARG1 0 it may purchase more Mesa stock or make a tender offer directly to Mesa shareholders] .
- [ARG0 Analysts] [rel said] [ARG1 0 the offer for Great Northern Nekoosa broke the pall that *T*-54 settled over the takeover business for the past three weeks in the wake of the collapsed UAL Corp . buy-out] .
- [ARG0 Bouygues S.A. , a diversified construction concern based * in Paris ,] [rel said] [ARG1 0 its consolidated profit for the 1989 first half , after payments to minority interests , surged to 188 million French francs -LRB- $ 30.2 million *U* -RRB- from 65 million francs a year earlier] .
- [ARGM-DIS But] [ARG0 Bouygues] [rel said] [ARG1 0 its first-half profit is n't indicative of the full-year trend because of the highly seasonal nature of many of the company 's activities] .
- [ARG0 QVC Network Inc.] [rel said] [ARG1 0 it completed its acquisition of CVN Cos. for about $ 423 million *U*] .
- [ARG0 The Los Angeles thrift holding company] [rel said] [ARG1 0 it had a loss of $ 92.2 million *U* , or $ 6.98 *U* a share , for the quarter ended * Sept. 30] .
- [ARG0 The company] [rel said] [ARG1 0 its junk-bond portfolio after these moves had been reduced *-1 to less than 1 % of assets] .
- [ARG0 Mr. Smith] [rel says] [ARG1 0 the Bill of Rights commercial , which *T*-63 trumpets the themes of liberty and freedom of expression , is n't designed *-1 to have any special appeal for smokers] .
- [ARG1 Although Philip Morris typically tries *-1 to defend the rights of smokers with free-choice arguments , `` this has nothing 0 * to do *T*-3 with cigarettes , nor will it ever *?*] , '' [ARG0 the spokesman] [rel says] 0 *T*-2 .
- `` [ARG1 I 'm outraged because this company is portraying itself at the heart of American culture and political freedom and in fact it 's a killer] , '' [rel says] *T*-1 [ARG0 Michael Pertschuk , former chairman of the Federal Trade Commission and a tobacco-industry critic] .
- [ARG0 Many marketers] [rel say] [ARG1 0 Philip Morris 's approach will be effective] , but they agree that the ads ' implied smoking message is unmistakable .
- `` This is [ARG0 clever , subliminal advertising] that [ARGM-ADV really] *T*-65 [rel says] , ` [ARG1 Smokers have rights , too ,] ' '' says *T*-1 Al Ries , chairman of Trout & Ries Inc. , a Greenwich , Conn. , marketing strategy firm .
- `` [ARG1 This is clever , subliminal advertising that really *T*-65 says , ` Smokers have rights , too , '] '' [rel says] *T*-1 [ARG0 Al Ries , chairman of Trout & Ries Inc. , a Greenwich , Conn. , marketing strategy firm] .
- [ARG0 RJR Nabisco Inc. and American Brands Inc.] [rel say] [ARG1 0 they have no plans * to follow Philip Morris 's lead] .
- `` [ARG1 They are n't showing James Madison taking a puff or lighting up] , '' [rel says] *T*-1 [ARG0 Laurence Tribe , a professor of constitutional law at Harvard University] .
- `` [ARG1 Most people -- whether in Toledo , Tucson or Topeka -- have n't got a clue who we are *T*-62] , '' [rel says] *T*-1 [ARG0 Guy L. Smith , Philip Morris 's vice president of corporate affairs] .
- Technology stocks bore the brunt of the OTC market 's recent sell-off , and [ARG0 traders] [rel say] [ARG1 0 it *EXP*-1 's natural that they rebound sharply now that the market has turned around] .
- `` [ARG1 They are always the first 0 *T*-2 to be sold *-1 when people are taking profits *T*-3 , because people are most scared of the high-technology stocks] , '' [rel said] *T*-4 [ARG0 Robin West , director of research for Ladenburg Thalmann 's Lanyi division , which *T*-69 specializes in emerging growth stocks] .
- [ARG0 Analysts] [rel say] [ARG1 0 rallies in the group historically have lifted the market , while weakness in the sector often sank unlisted share prices broadly] .
- [ARG1 The technology group is also split between large companies and small , with the biggest stocks trading as blue-chip issues in the institutional marketplace , while the smaller stocks churn on their individual merits or faults] , [ARG0 analysts] [rel say] *T*-1 .
- [ARG0 George Jennison , who *T*-74 trades bank stocks for Shearson Lehman Hutton ,] [rel said] [ARG1 0 the stocks tend *-1 to fall behind because they are n't traded as much as many other issues] .
- `` [ARG1 The interest-rate sensitives are n't rallying with the rest of the market because of fears about what the -LRB- Federal Reserve -RRB- will do] , '' [ARG0 Mr. Jennison] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 that investors will scour the October employment report , due out Friday , for clues about the direction of the economy and the immediate outlook for interest rates] .
- [ARG0 Britain] [rel said] [ARG1 0 it would waive its `` golden share '' in the luxury auto maker if shareholders vote *-1 to allow a suitor to acquire more than 15 % of the company] .
- [ARGM-TMP Late Monday] , [ARG0 the Federal Reserve Board] [rel said] [ARG1 0 it is delaying approval of First Union Corp. 's proposed $ 849 million *U* acquisition of Florida National Banks pending the outcome of an examination into First Union 's lending practices in low-income heighborhoods] .
- [ARG0 Florida National] [rel said] [ARGM-TMP yesterday] [ARG1 that it remains committed to the merger] .
- Dycom Industries gained 3\/4 to 16 3\/4 after [ARG0 it] [rel said] [ARG1 0 it agreed *-1 to buy Ansco & Associates and two affiliates for cash and stock] .
- `` [ARG1 It *EXP*-3] 's hard * to get the administration 's attention on anything , '' [rel said] *T*-2 [ARG0 Rep. Bill Frenzel -LRB- R. , Minn. -RRB-] , `` because the whole agreement was built *-1 on gimmickry . ''
- [ARG0 Coda Energy Inc.] [rel said] [ARG1 0 it arranged a $ 50 million *U* credit facility with NCNB Texas National Bank , a unit of NCNB Corp. , of Charlotte , N.C] .
- [ARG0 The Dallas oil and gas concern] [rel said] [ARG1 that $ 10 million *U* of the facility would be used *-1 *-3 to consolidate the company 's $ 8.1 million *U* of existing bank debt , to repurchase 4 million of its 4.9 million shares outstanding of Series D convertible preferred stock , and to purchase a 10 % net-profits interest in certain oil and gas properties from one of its existing lenders , National Canada Corp] .
- [ARG1 The remaining $ 40 million *U* can be used *-1 over three years for oil and gas acquisitions] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Ted Eubank , Coda 's president ,] [rel said] [ARG1 0 the loan carries an interest rate of prime plus one percentage point , with 85 % of the company 's net oil and gas revenue each month dedicated * to repayment] .
- [ARG1 The company put up `` virtually all '' of its oil and gas properties as collateral] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 The implied current net asset value of 22.70 -LCB- per share -RCB- is well below the 30 level that the Street believed *T*-83] , '' [ARG0 PaineWebber] [rel says] *T*-1 .
- In addition , its railroad lost a $ 750 million *U* antitrust suit , which *T*-85 is on appeal , and which [ARG0 analysts] [rel say] [ARG1 0 *T*-86 could be settled *-1 for one-third that amount] .
- [ARG0 Salomon Brothers] [rel says] , `` [ARG1 We believe 0 the real estate properties would trade at a discount ... after the realty unit is spun off] ... .
- [ARG0 Mr. Schneider of Bear Stearns] [rel says] [ARG1 0 he is recalculating the worth of the company 's assets and , in the meantime , is sticking to his `` buy '' recommendation on the belief that he will find `` values '' of 30 a share] .
- [ARG0 Chairman Krebs] [rel says] [ARG1 0 the California pension fund is getting a bargain price that *T*-87 would n't have been offered *-1 to others] .
- And , as Mr. Zell says *T*-2 , with Itel and O&Y on the unit 's board , the real estate will be run *-1 by `` a very unusual group '' [ARG0 *] to [rel say] [ARG1 the least] .
- And , as [ARG0 Mr. Zell] [rel says] [ARG1 *T*-2] , with Itel and O&Y on the unit 's board , the real estate will be run *-1 by `` a very unusual group '' * to say the least .
- [ARG1 Orkem S.A. , a French state-controlled chemical manufacturer , is making a friendly bid of 470 pence -LRB- $ 7.43 *U* -RRB- a share for the 59.2 % of U.K. specialty chemical group Coates Brothers PLC which it does n't already own *T*-1] , [ARG0 the two sides] [rel said] 0 *T*-2 .
- [ARG0 Orkem and Coates] [rel said] [ARGM-TMP last Wednesday] [ARG1 that the two were considering a merger , through Orkem 's British subsidiary , Orkem Coatings U.K. Ltd] .
- [ARG0 Orkem , France 's third-largest chemical group ,] [rel said] [ARG1 0 it would fund the acquisition through internal resources] .
- [ARG0 Orkem] [rel said] [ARG1 0 it eventually would seek *-1 to make a public share offering in its U.K. business] .
- [ARG0 Intelogic Trace Inc.] [rel said] [ARG1 0 it is exploring alternatives 0 *T*-1 to maximize shareholder value , including the possible sale of the company] .
- [ARG0 Mr. Edelman] [rel said] [ARG1 0 the decision `` has nothing 0 * to do *T*-1 with Marty Ackerman] . ''
- [ARG0 Federal and state] thrift examiners [rel said] [ARG1 0 they saw evidence of criminal wrongdoing in the collapse of Lincoln Savings & Loan Association] , and a California regulator described an attempted `` whitewash '' by deputies of chief federal regulator Danny Wall .
- [ARG0 He] [rel said] [ARG1 0 30 % of the loans 0 he sampled *T*-1 were `` dead meat on the day 0 they were made *-3 *T*-2] . ''
- [ARG0 The state examiner] [ARGM-DIS also] [rel said] [ARG1 0 supervisors of a parallel federal examination seemed so reluctant *-1 to demand write-downs of Lincoln 's bad loans that he immediately grew suspicious] .
- `` [ARG1 Later on , my concerns about a whitewash became even more serious] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Leonard Bickwit , a Washington attorney for Lincoln 's parent corporation ,] [rel said] [ARGM-LOC in an interview] , `` [ARG1 We deny any criminal behavior by the association or its officers] . ''
- `` [ARG1 Those who *T*-93 testified -LCB- yesterday -RCB- have consistently maintained that anyone who *T*-94 did n't agree with them is part of a coverup , a whitewash , or the subject of excessive influence] , '' [ARG0 Mr. Bickwit] [rel said] *T*-1 .
- `` [ARG1 A couple of things 0 Mr. Newsom said *T*-1 were at least misleading] , '' [rel said] *T*-2 [ARG0 Kevin O'Connell , one of the Washington regulators responsible for the handling of Lincoln] .
- `` [ARG1 A couple] of things 0 [ARG0 Mr. Newsom] [rel said] *T*-1 were at least misleading , '' said *T*-2 Kevin O'Connell , one of the Washington regulators responsible for the handling of Lincoln .
- [ARGM-LOC In an interview] , [ARG0 he] [rel said] [ARG1 0 federal regulators eventually declared one of the loans 0 the state regulator cited *T*-1 to be a total loss , and forced Lincoln to make an $ 18 million *U* downward adjustment on another] .
- `` [ARG1 Our response to the whitewash would simply be , 0 * look what *T*-95 happened] , '' [ARG0 another Washington official , Alvin Smuzynski ,] [rel said] *T*-1 [ARGM-LOC in an interview] .
- `` [ARG1 He took the reckless course of * ignoring the evidence] , '' [ARG0 Rep. Gonzalez] [rel said] *T*-1 .
- [ARG0 A California official] [ARGM-DIS also] [rel said] [ARG1 0 he sent the Federal Bureau of Investigation a packet of documents relating to a previously reported $ 400,000 *U* contribution from Lincoln 's parent solicited * by Sen. Alan Cranston -LRB- D. , Calif . -RRB-] .
- [ARG0 State thrift examiner Eugene Stelzer] [rel said] [ARG1 0 he found the chief federal examiner Steve Scott to be totally uninterested in one allegedly fraudulent series of transactions] .
- And [ARG0 David Riley , a federal examiner who *T*-96 worked under Mr. Scott ,] [rel said] [ARG1 0 he found his chief oddly upbeat about Lincoln] .
- [ARGM-CAU *-1 Asked *-2 to comment] , [ARG0 a spokesman for Mr. Scott] [rel said] : `` [ARG1 Mr. Scott has spoken to his attorney , who *T*-97 has advised him not to talk to anybody] . ''
- [ARG0 Mr. Meek] [rel said] [ARG1 that a day or two before Lincoln 's parent entered bankruptcy proceedings , he and other examiners saw `` a truck with a sign on it that *T*-98 said 0 it was from the ` Document Destruction Center] . '
- Mr. Meek said that a day or two before Lincoln 's parent entered bankruptcy proceedings , he and other examiners saw `` a truck with [ARG0 a sign] on it that *T*-98 [rel said] [ARG1 0 it was from the ` Document Destruction Center] . '
- [ARG0 Mr. Bickwit] [rel said] [ARG1 0 the paper had been donated *-1 to `` a charitable organization that *T*-99 sells it for recycling] .
- [ARG0 Mr. Meek] [rel said] [ARG1 0 his suspicions were aroused *-1 by several foreign investments by Lincoln , including $ 22 million *U* paid * to Credit Suisse of Switzerland , an $ 18 million *U* interest in Saudi European Bank in Paris , a $ 17.5 million *U* investment in a Bahamas trading company , and a recently discovered holding in a Panama-based company , Southbrook Holdings] .
- [ARG0 Mr. Bickwit] said , `` I can see why an S&L examiner would regard these as unusual activities *T*-2 , '' but [rel said] [ARG1 0 the overseas investments `` essentially broke even '' for the S&L] .
- [ARG0 Mr. Bickwit] [rel said] , `` [ARG1 I can see why an S&L examiner would regard these as unusual activities *T*-2] , '' but said 0 the overseas investments `` essentially broke even '' for the S&L .
- [ARG0 Federal examiner Alex Barabolak] [rel said] [ARG1 0 Lincoln 's operations amounted to `` * pyramiding debt * to provide a luxurious life style for its owners] . ''
- [ARG0 Another federal examiner , John Meek ,] [rel said] [ARG1 0 Lincoln 's principal owner , Charles Keating Jr. , and his family drew off at least $ 34 million *U* from the thrift in salaries , bonuses and proceeds from securities sales in the 3 1\/2 years before federal authorities seized it earlier this year] .
- `` [ARG1 I think 0 there 's overwhelming evidence 0 *T*-1 to indicate probable criminal activity] , '' [rel said] *T*-2 [ARG0 Mr. Meek , who *T*-91 participated last year in an examination of the Irvine , Calif. , thrift] .
- [ARG0 He] [rel said] [ARG1 0 the evidence pointed to wrongdoing by Mr. Keating `` and others , '' although he did n't allege any specific violation] .
- [ARG0 Richard Newsom , a California state official who last year *T*-92 examined Lincoln 's parent , American Continental Corp. ,] [rel said] [ARG1 0 he also saw evidence that crimes had been committed *-1] .
- `` [ARG1 It sure smells like it] , '' [ARG0 he] [rel said] *T*-1 .
- But [ARG0 analysts] [rel say] [ARG1 0 the company is also trying *-1 to prevent further price drops] .
- `` [ARG1 They -LCB- LTV -RCB- may believe 0 this can impact contract negotiations and is their signal *ICH*-3 to the world that now is the time 0 * to get tough on prices *T*-2] , '' [rel said] *T*-1 [ARG0 Peter Marcus , an analyst with PaineWebber Inc] .
- [ARG0 LTV] confirmed the price-increase plan , *-1 [rel saying] [ARG1 0 the move is designed *-2 to more accurately reflect the value of products and to put steel on more equal footing with other commodities] .
- [ARGM-DIS However] , [ARG0 the Treasury] [rel said] [ARG1 0 it will postpone the auction unless it has assurances of enactment of legislation 0 *T*-1 to raise the statutory debt limit before the scheduled auction date] .
- [ARG0 Shop Television Network Inc. , of Los Angeles ,] [rel said] [ARG1 0 Penney agreed *-1 to continue its exclusive arrangement with Shop Television , which *T*-103 does the production , marketing and cable distribution for the J.C. Penney Television Shopping Channel] .
- [ARG1 The channel reaches 6.5 million homes] , [ARG0 a Penney spokesman] [rel said] 0 *T*-1 .
- [ARG0 Michael Rosen , president of Shop Television ,] [rel said] [ARG1 0 Penney decided *-1 to extend its involvement with the service for at least five years] .
- [ARG0 Unocal Corp. , Los Angeles ,] [rel said] [ARG1 0 it and Petroleos de Venezuela S.A. would create a petroleum marketing and refining general partnership in the Midwest] .
- [ARG1 The joint venture , Uno-Ven Co. , would generate total annual revenue of about $ 500 million *U* and have 1,100 employees] , [ARG0 a Unocal spokesman] [rel said] 0 *T*-1 .
- [ARG0 Unocal] [rel said] [ARG1 0 the venture would enable it to recover more of its refining and marketing investment and prepare for expected growth in exploration , production , chemicals and other areas] .
- [ARG0 It] [rel said] [ARG1 0 financing would consist of $ 250 million *U* from a private placement obtained * through Shearson Lehman Hutton Inc. and a $ 150 million *U* revolving credit line underwritten * by Chase Manhattan Bank] .
- [ARG0 It] [rel said] [ARG1 0 the venture , expected * to take control of the facilities Dec. 1 , would also serve another 3,300 independent Unocal gasoline stations] .
- [ARG1 Petroleos will supply 135,000 barrels of oil a day for the refinery] , [ARG0 Unocal] [rel said] 0 *T*-1 .
- [ARG0 Mitsubishi Heavy Industries Ltd.] [rel said] [ARG1 0 unconsolidated pretax earnings in the fiscal first half surged 79 % to a record 63.25 billion yen -LRB- $ 445.7 million *U* -RRB- , * reflecting strong demand for a variety of products] .
- [ARG0 Company officials] [rel said] [ARG1 0 the current robust domestic demand that *T*-106 has been fueling sustained economic expansion helped push up sales of products like ships , steel structures , power systems and machinery and resulted in sharply higher profit] .
- [ARG0 Price Stern Sloan Inc.] [rel said] [ARG1 0 it hired an investment banking firm 0 *T*-1 to assist in * evaluating restructuring or merger alternatives and reported a net loss of $ 8.1 million *U* , or $ 2.14 *U* a share , for the third quarter ended * Sept] .
- This quarter 's loss includes pretax charges of $ 4.9 million *U* on the proposed discontinuation of the company 's troubled British subsidiary , and $ 3.7 million *U* of other write-offs 0 [ARG0 the company] [rel said] [ARG1 0 *T*-1 were non-recurring and principally related to inventory , publishing advances and pre-publication costs] .
- [ARG0 The publishing concern] [rel said] [ARG1 0 it retained the investment banking firm of Donaldson , Lufkin & Jenrette Securities Inc. 0 *T*-1 to act as its financial adviser , *-2 assisting in the evaluation of various financial and strategic alternatives , including debt refinancing , * raising capital , recapitalization , a merger or sale of the company] .
- [ARG1 The $ 3.18 billion *U* bid , which *T*-110 had been rumored *-1 since last week , `` creates a better feeling that there 's value in the market at current levels and renews prospects for a hot tape , ''] [rel says] 0 *T*-2 [ARG0 A.C. Moore , director of research at Argus Research Corp] .
- [ARG0 Traders and analysts alike] [rel said] [ARG1 0 the market 's surge also reflected an easing of concerns about volatility because of moves *ICH*-1 by a number of brokerage firms * to curtail or cease stock-index arbitrage] .
- `` [ARG1 People are looking for an ability * to try and read the market , rather than be manipulated *-1] , '' [rel said] *T*-2 [ARG0 Dudley A. Eppel , manager of equity trading at Donaldson , Lufkin & Jenrette] .
- But [ARG0 traders] [ARGM-DIS also] [rel said] [ARG1 0 arbitrage-related trading contributed to the market 's surge , as buy programs boosted prices shortly after the opening and sporadically through the remainder of the session] .
- [ARG0 The company] [rel said] [ARG1 0 the sale would produce a $ 1.2 billion *U* gain in the fourth quarter] .
- [ARG0 The company] [rel said] [ARG1 0 it would repurchase half of its common shares at $ 70 *U* each , sell an estimated $ 1.1 billion *U* in assets and pay a special preferred-stock dividend to common-stock holders] .
- [ARG0 Traders] [rel said] [ARG1 0 the buy programs came from very large institutional accounts that *T*-108 were also active in the stock-index futures markets] .
- [ARG0 Cilcorp Inc. , Peoria , Ill. ,] [rel said] [ARG1 0 it agreed *-1 to acquire the environmental consulting and analytical service businesses of Hunter Environmental Services Inc. of Southport , Conn .]
- [ARG0 The utility holding company] [rel said] [ARG1 0 Hunter will receive 390,000 shares of a new series of Cilcorp convertible preferred stock with a face value of $ 39 million *U* for the businesses] .
- [ARGM-ADV As part of the agreement] , [ARG0 Cilcorp] [rel said] [ARG1 0 it will pay Hunter $ 4 million *U* in exchange for agreements * not to compete] .
- [ARG0 Cilcorp] [rel said] [ARG1 0 the businesses 0 *T*-1 to be acquired *-2 had revenue of $ 76 million *U* for the year ended March 31] .
- [ARGM-DIS Separately] , [ARG0 Cilcorp] [rel said] [ARG1 0 it plans *-1 to purchase as many as 1.4 million shares , or 10 % of its common stock outstanding from time to time on the open market and through privately negotiated transactions] .
- [ARG0 The company , which currently *T*-121 has 13.5 million common shares outstanding ,] [rel said] [ARG1 0 it has no specific plans for the shares] .
- [ARG0 The president] [rel said] [ARG1 that he and the Kremlin leader would meet Dec. 2-3 aboard U.S. and Soviet naval vessels in the Mediterranean *-1 to discuss a wide range of issues without a formal agenda] .
- [ARGM-LOC In Washington] , the Senate voted *-1 to condemn Ortega 's threat * to cancel the truce , and [ARG0 Bush] [rel said] [ARG1 0 he would review U.S. policy toward Managua , including the possibility of * renewing military aid to the rebels] .
- [ARG0 Nixon] , [ARGM-TMP on the fourth day of a private visit to China] , [rel said] [ARG1 that damage to Sino-U.S. relations was `` very great , ''] [ARGM-ADV *-1 calling the situation `` the most serious '' since 1972] .
- [ARG0 Researchers in Belgium] [rel said] [ARG1 0 they have developed a genetic engineering technique for * creating hybrid plants for a number of crops , such as cotton , soybeans and rice] .
- [ARG1 A bomb exploded at a leftist union hall in San Salvador , * killing at least eight people and injuring about 30 others , including two Americans] , [ARG0 authorities] [rel said] 0 *T*-1 .
- [ARG0 A spokesman for Democratic Sen. Pell of Rhode Island] [rel said] , [ARGM-DIS however] , [ARG1 that the Immigration and Naturalization Service would review the stowaway 's request] .
- [ARG0 Bush] [rel said] [ARG1 that neither he nor Gorbachev expected any `` substantial decisions or agreements] . ''
- [ARGM-TMP While residents claimed a victory] , [ARG0 military authorities] [rel said] [ARG1 0 they had confiscated the equivalent of more than $ 1.5 million *U* 0 *T*-1 to make up for the unpaid taxes] .
- [ARG0 Ogden Projects Inc.] [rel said] [ARG1 0 net income jumped to $ 6.6 million *U* , or 18 cents a share , in the third quarter] .
- [ARG0 Ogden Projects , which *T*-132 has interests in solid-waste recovery and hazardous-waste cleanup ,] [rel said] [ARG1 0 it has 13 facilities in operation , up from seven a year ago] .
- [ARG1 The exchange also may step up its disclosure of firms engaged * in program trading] , [ARG0 these people] [rel said] 0 *T*-1 .
- `` [ARG1 The collar was penetrated *-1 on a number of occasions , '' * meaning 0 securities firms figured out ways 0 * to conduct program trades * to circumvent the collar and use the Big Board 's electronic trading system *T*-2] , [ARG0 Mr. Phelan] [rel said] 0 *T*-3 .
- [ARG0 People familiar with the exchange] [rel said] [ARG1 0 another idea likely * to be approved *-1 is * expanding the monthly reports on program trading *-2 to cover specific days or even hours of heavy program trading and who *T*-137 was doing it] .
- [ARG0 American Express Co. 's Shearson Lehman Hutton Inc. unit] [rel said] [ARG1 0 it ceased all index-arbitrage program trading for client accounts] .
- [ARGM-DIS Also] , [ARG1 CS First Boston Inc. 's First Boston Corp. unit , the fifth-biggest program trader in September , is `` preparing a response '' to the program-trading outcry] , [ARG0 officials of the firm] [rel said] 0 *T*-1 .
- [ARG0 Mr. Phelan] [rel said] [ARG1 that his predicting continued volatility is just `` how the world is *T*-1] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 this does n't mean 0 he is satisfied with the market 's big swings] .
- `` [ARG1 We 're trying *-1 to take care of a heck of a lot of constituents] , '' [ARG0 Mr. Phelan] [rel said] *T*-2 .
- `` [ARG1 We are looking for representation 0 we have n't had *T*-1] , '' [ARG0 a specialist] [rel said] *T*-2 .
- [ARGM-DIS But] [ARGM-LOC in an interview in which he called the stock market 's volatility a `` national problem *T*-3] , '' [ARG0 Big Board Chairman John J. Phelan Jr.] [rel said] , `` [ARG1 We are going *-1 to try *-2 to do some things 0 *ICH*-4 in the short intermediate term '' *T*-5 to help the situation] .
- [ARGM-TMP After another session 0 Mr. Phelan held *T*-1 yesterday with major brokerage firms such as Morgan Stanley & Co. , Goldman , Sachs & Co. , PaineWebber Group Inc. and First Boston -- all of which *T*-142 have engaged in program trading --] [ARG0 an executive of a top brokerage firm] [rel said] , [ARG1 `` Clearly , the firms want the exchange to take leadership] . ''
- `` [ARG1 His -LCB- Phelan 's -RCB- own interests are in * building an electronic marketplace] , '' [rel said] *T*-1 [ARG0 a market maker] .
- [ARG1 The Big Board wants *-1 to keep such index funds from * fleeing to overseas markets , but only as long as it `` handles it intelligently] , '' [ARG0 Mr. Phelan] [rel said] *T*-2 .
- [ARG1 Despite what some investors are suggesting *T*-2 , the Big Board is n't even considering a total ban on program trading or stock futures] , [ARG0 exchange officials] [rel said] 0 *T*-1 .
- [ARG1 Most revisions 0 it will propose *T*-1 will be geared *-2 toward * slowing down program trading during stressful periods] , [rel said] 0 *T*-3 [ARG0 officials working with the exchange] .
- `` [ARG1 I think 0 if you -LCB- can -RCB- speed things up , you can slow them down] , '' [ARG0 Mr. Phelan] [rel said] *T*-1 .
- [ARG1 While volatility wo n't go away] , [ARG0 he] [rel said] 0 *T*-1 , `` Volatility is greater than program trading .
- [ARG1 What] [ARG0 I] 'm trying *-1 to [rel say] to [ARG2-to people] is , 0 it *EXP*-2 's proper * to worry about program trading , but it 's only a piece of the business . ''
- [ARGM-DIS For example] , [ARG0 Mr. Phelan] [rel said] [ARG1 that big institutions have so much control over public investments that they can cause big swings in the market , regardless of index arbitrage] .
- `` [ARG1 A lot of people would like *-2 to go back to 1970 , '' before program trading] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 he is `` very surprised '' by the furor over program trading and the exchange 's role in it that *T*-135 has raged in recent days] .
- [ARGM-DIS Indeed] , [ARG0 Mr. Phelan] [rel said] [ARG1 that if stock-market volatility persists , the U.S. may lose its edge as * being the best place 0 * to raise capital *T*-1] .
- `` [ARG1 Japan 's markets are more stable] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Lewis L. Glucksman , vice chairman of Smith Barney , Harris Upham & Co. ,] [rel said] : `` [ARG1 This is a problem that *T*-147 's taking on a life of its own] .
- [ARGM-TMP For now] , [ARGM-DIS however] , [ARG0 Mr. Phelan] [rel said] : `` [ARG1 I refuse *-1 to get out there and tell everybody 0 everything is hunky-dory] .
- [ARG0 Mr. Phelan] [rel said] [ARG1 that the Big Board has been trying *-1 to deal quietly with the issue , but that * banning computer-assisted trading strategies entirely , as some investors want , would be like `` * taking everybody out of an automobile and making them ride a horse] . ''
- Great Northern Nekoosa reacted coolly to Georgia-Pacific 's takeover bid of $ 58 *U* a share , or $ 3.19 billion *U* , though [ARG0 the suitor] [rel said] [ARG1 0 all terms are negotiable] .
- [ARG0 The association] [rel said] [ARG1 0 its October index of economic activity rose to 51.6 % after * having been below 50 % for three consecutive months] .
- `` [ARG1 We] saw good buying in Japan and excellent buying in London , '' [rel said] [ARG0 Jay Goldinger , market strategist and trader at Capital Insight Inc. , Beverly Hills , Calif] .
- [ARG1 The company `` ca n't be bullish if they 're doing a sizable 30-year bullet , ''] [rel said] 0 *T*-1 [ARG0 one analyst] .
- [ARG0 Others] [rel said] [ARG1 0 IBM might increase the size of the offering to as much as $ 1 billion *U* if investor demand is strong] .
- `` [ARG1 I think 0 the $ 500 million *U* is a little bit of a fire drill] , '' [rel said] *T*-1 [ARG0 Jim Ednee , head of the industrial bond department at Drexel Burnham Lambert Inc] .
- [ARG1 The market 's tempo was helped *-1 by the dollar 's resiliency] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 A spokesman for underwriters Salomon Brothers Inc.] [rel said] [ARG1 0 Beatrice cut its high-yield offering to $ 251 million *U* from a planned $ 350 million *U* after it *EXP*-2 became clear 0 the company would have *-1 to give investors higher yields] .
- [ARGM-TMP Since the recent deterioration of the junk-bond market] , [ARG0 at least two other junk issuers] have [rel said] [ARG1 0 they plan *-1 to scale back planned high-yield offerings , and several issues have been postponed *-2] .
- [ARG0 William Carmichael , Beatrice chief financial officer ,] [rel said] [ARG1 0 favorable market conditions in September prompted the company to plan more debt than necessary] .
- `` [ARG1 However , given the changes in the market conditions that *T*-153 have occurred since then , we decided *-1 to sell only the amount needed * to proceed with our contemplated recapitalization] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Mr. Carmichael] [rel said] [ARG1 0 investors also demanded stricter convenants] .
- [ARG0 Underwriters at First Boston Corp.] [rel said] [ARG1 0 the J.C. Penney credit-card securities are the first with a 10-year average life , which *T*-154 is much longer than previous such issues] .
- [ARG1 Some accounts came in for some blocks in the secondary -LCB- market -RCB- , which we have n't seen *T*-1 for a while] , '' [rel said] *T*-2 [ARG0 one trader] .
- [ARG1 There 's light at the end of the tunnel for municipals] , '' [ARG0 he] [rel said] *T*-2 , [ARGM-ADV *-1 adding that he expects prices to `` inch up '' in the near term] .
- [ARG1 The issue 's smooth absorption eased fears that supply would overwhelm demand in coming sessions] , [ARG0 traders] [rel said] 0 *T*-1 .
- West German bonds firmed a bit after Monday 's fall , but [ARG0 traders] [rel said] [ARG1 0 the market remains bearish due to speculation that interest rates could rise again] .
- [ARG0 Economists] [rel said] [ARG1 0 the report raised speculation that the economic slowdown could turn into a recession , which *T*-151 would pave the way 0 for the Federal Reserve to lower interest rates *T*-1] .
- [ARG0 Paramount Communications Inc.] [rel said] [ARG1 0 it sold two Simon & Schuster information services units to Macmillan Inc. , a subsidiary of Maxwell Communication Corp] .
- Terms were n't disclosed *-1 , but [ARG0 industry executives] [rel said] [ARG1 0 the units were sold *-2 for $ 40 million *U*] .
- `` [ARG1 Managers of government entities are often more concerned with the political and legal structure and financial-report comparability with profit-making businesses is n't always as high a priority] , '' [ARG0 a foundation spokesman] [rel said] *T*-1 .
- [ARG0 Avery Inc.] [rel said] [ARG1 0 it completed the sale of Uniroyal Chemical Holding Co. to a group led * by management of Uniroyal Chemical Co. , the unit 's main business] .
- [ARGM-LOC In the August proxy material] , [ARG0 Avery] [rel said] [ARG1 that unless it sold Uniroyal , its ability * to service debt would be hurt *-1 and Avery 's shareholder value would `` continue *-2 to erode] . ''
- [ARG1 Until Avery makes an acquisition , Messrs. Peltz and May will waive their direct salaries and bonuses] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Avery , which *T*-160 continues *-1 to operate a coal company 0 it expects *-3 to sell *T*-2 at a loss ,] [rel said] [ARGM-LOC in proxy materials] [ARG1 0 it intends *-4 to seek control of one or more companies] .
- [ARG0 An Avery spokesman] [rel said] [ARG1 that the loss was magnified *-1 by accounting adjustments and that the company 's loss was smaller on a cash basis] .
- [ARGM-LOC In a related development] , [ARG0 Avery] [rel said] [ARG1 0 it completed a recapitalization in which its controlling shareholders and top officers , Nelson Peltz and Peter W. May , surrendered warrants and preferred stock in exchange for a larger stake in Avery 's common shares *T*-1] .
- [ARG0 Clarcor Inc.] [rel said] [ARG1 0 a plan * to sell its J.L. Clark Inc. subsidiary to a group headed * by Anderson Industries Inc. for $ 70.3 million *U* has been terminated *-1] .
- [ARG0 Clarcor , a maker of packaging and filtration products ,] [rel said] [ARG1 0 the two companies could n't agree on terms of a definitive agreement] .
- [ARG0 Clarcor] [rel said] [ARG1 0 it is inviting proposals from other prospective purchasers of the unit] .
- [ARG0 Rally 's Inc.] [rel said] [ARG1 0 it adopted a shareholders rights plan * to protect shareholders from an inadequately priced takeover offer] .
- [ARG0 The company] [rel said] [ARG1 0 it was `` concerned about the announced intent * to acquire control of the company '' by a Sugarman-led group] .
- [ARG0 Fujitsu Ltd.] [rel said] [ARG1 0 it wants *-1 to withdraw its controversial one-yen bid * to design a waterworks computer system for the city of Hiroshima] .
- [ARGM-TMP Meanwhile] , [ARG0 Japan 's Fair Trade Commission] [rel said] [ARG1 0 it was considering *-1 launching an investigation into whether the bid , the equivalent of less than a penny , violates anti-monopoly laws] .
- Eight companies submitted bids , but [ARG0 Fujitsu] won the contract by *-1 [ARGM-ADV essentially] [rel saying] [ARG1 0 it would do the job for free] .
- Fujitsu [ARG0 itself] , which *T*-163 [rel said] [ARG1 0 the bid had n't been approved *-1 by its headquarters] , was clearly embarrassed .
- [ARG1 The bid was n't `` socially acceptable] , '' [ARG0 a company spokeswoman] [rel said] 0 *T*-1 .
- [ARG0 Hiroshima officials] [rel said] [ARG1 0 they still consider the contract in effect and had no immediate plans * to cancel it] .
- [ARG0 They] [rel said] [ARG1 0 they wanted *-1 to wait for the outcome of any government investigation before *-2 deciding what *-3 to do *T*-164] .
- [ARG0 The agency] [rel said] [ARG1 0 it monitored Newmark & Lewis 's advertised prices before and after the ad campaign , and found that the prices of at least 50 different items either increased or stayed the same] .
- [ARG0 Richard D. Lewis , president of the 47-store chain ,] defended the company 's pricing campaign , *-1 [rel saying] [ARG1 0 it did n't use `` the misleading expression ` reduced from original prices] . ' ''
- [ARG0 Mr. Lewis] [rel said] [ARG1 0 the company marked price tags and advertised at its `` lowest possible prices '' for all its merchandise *-1 to reduce public confusion] .
- [ARG0 Mr. Lewis] [rel said] [ARG1 0 the company gave the Consumer Affairs department `` volumes of documents '' *-1 to substantiate its statements , and made `` every effort * to comply '' with all the agency 's policies] .
- `` [ARG1 The primary overriding thing is that people are frightened] , '' [rel says] *T*-1 [ARG0 Martin Sass , a New York money manager] .
- [ARG1 `` The gyrations in the British government '' add political uncertainty on top of high inflation and a ragged stock market] , [rel says] 0 *T*-1 [ARG0 John Hoffman , assistant director of research at Smith Barney , Harris Upham & Co] .
- `` [ARG1 If the Fed does not come to the rescue and produce lower short-term interest rates over the next 30 days , the market 's going *-1 to flounder] , '' [rel says] [ARG0 Larry Wachtel , a market analyst with Prudential-Bache Securities] .
- `` [ARG1 We are going *-1 to explode lower] , '' [rel says] *T*-2 [ARG0 the flamboyant market seer , who *T*-169 had a huge following a few years back] .
- `` [ARG1 I think 0 we could very well have -LCB- an economic -RCB- slowdown , beginning very soon if not already] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 The appeal of gold issues] , [ARG0 Mr. Stovall] [rel says] 0 *T*-1 , is that `` they 're a counter group .
- `` [ARG1 The earning power -LCB- of gold mining companies -RCB- is restricted unless the gold price hops up over $ 425 *U* an ounce] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 My outlook is for a decline of about 10 % in corporate profits '' in 1990] , [ARG0 she] [rel says] *T*-1 .
- It *EXP*-1 is insulting and demeaning [ARG0 *] to [rel say] [ARG1 that scientists `` needed new crises * to generate new grants and contracts '' and that environmental groups need them *-2 to stay in business] .
- Nearly two months after [ARG0 *-1] [rel saying] [ARG1 0 it had been the victim of widespread fraud] , MiniScribe Corp. disclosed 0 it had a negative net worth of $ 88 million *U* as of July 2 and hinted that it might be forced *-2 to file for protection under bankruptcy laws .
- [ARGM-ADV Although it is not the first company 0 *T*-2 to produce the thinner drives , which *T*-179 store information in personal computers] , [ARG0 MiniScribe] [rel says] [ARG1 0 it is the first with an 80-megabyte drive] ; the company plans *-1 to introduce a 120-megabyte drive next year .
- [ARG0 Richard Rifenburgh , chairman and chief executive of the Longmont , Colo. , disk-drive maker ,] [ARGM-DIS also] [rel said] [ARG1 0 the company continued *-1 losing money in the third quarter and expects *-1 to sustain further losses through the end of the year] .
- `` [ARG1 It 's a wait-and-see attitude] , '' [rel said] *T*-1 [ARG0 Dave Vellante , vice president of storage research for International Data Corp] .
- [ARG0 Mr. Rifenburgh] [rel said] [ARG1 0 the board still has n't acted on most of the internal report 's recommendations , * pending restatement of the balance sheet] .
- [ARG0 MiniScribe] has [rel said] [ARG1 that its financial results for the past three fiscal years would have *-1 to be restated *-2 because of the allegedly fraudulent accounting and marketing practices that *T*-177 inflated revenues and net income] .
- [ARG0 Mr. Rifenburgh] [rel said] [ARG1 0 such statements should be ready by the end of November] .
- [ARG0 He] [rel said] [ARG1 0 he expects the company to have $ 500 million *U* in sales for this year] .
- [ARG0 He] did [ARGM-NEG n't] [rel say] [ARG1 what the company expected *-1 to report *T*-2 for year-earlier sales , which *T*-178 will be restated *-3 from the previously reported $ 603 million *U*] .
- [ARGM-TMP Last year] , [ARG0 Bankers Trust] [rel said] [ARG1 0 it placed $ 10 billion *U* of corporate debt and equities privately] .
- [ARG0 Securities firms] have challenged those Fed approvals , *-1 [rel saying] [ARG1 0 they violate federal laws separating the banking and securities businesses] .
- `` [ARG1 The big word around Specialized is passion] , '' [rel says] *T*-1 [ARG0 Erik Eidsmo , a former ski-industry executive whom Mr. Sinyard recruited *T*-190 from Citicorp *-2 to run marketing and sales] .
- `` [ARG1 We had a lot of problems] , '' [ARG0 Mr. Sinyard] [rel says] *T*-1 .
- `` [ARG1 We 're finally getting -- and it 's been very painful -- some understanding of what the company 's long-term horizon should begin *-1 to look like *T*-2] , '' [ARG0 Mr. Eidsmo] [rel says] *T*-3 .
- `` [ARG1 But it 's risky] , '' [ARG0 he] [rel says] *T*-1 of Specialized 's attempt * to adopt a corporate structure .
- [ARG0 U.S. Cycling Federation official Philip Milburn] [rel says] [ARG1 0 mountain biking is `` growing at such a monstrous rate that a lot of companies are getting into this] . ''
- Trek previously made only traditional road bikes , but `` [ARG1 it *EXP*-2 did n't take a rocket scientist * to change a road bike into a mountain bike] , '' [rel says] *T*-1 [ARG0 Trek 's president , Dick Burke] .
- [ARG0 MCI Communications Corp.] [rel said] [ARG1 0 it won a $ 27 million *U* contract *ICH*-1 from Stuart-James Co. , a Denver investment banking concern , * to provide voice and data telecommunications services] .
- [ARG0 The companies] would n't disclose the length of the contract except *-1 to [rel say] [ARG1 0 it was a multiyear agreement] .
- [ARG0 The head of British Satellite Broadcasting Ltd.] [rel said] [ARG1 0 he hopes *-1 to raise about # 450 million *U* -LRB- $ 711 million *U* -RRB- before the satellite-TV venture makes its delayed debut next spring -- with a major chunk coming from new investors] .
- Mr. Simonds-Gooding conceded that [ARG0 British Satellite 's potential U.K. lenders] `` are [rel saying] , ` [ARG1 When you 're on the air *T*-1 , you 'll -LCB- actually -RCB- get the money] . ' ''
- [ARG1 And we 'll raise it through existing shareholders '' as well as through junk bonds] , [rel said] *T*-1 [ARG0 Anthony Simonds-Gooding , the private consortium 's chief executive] .
- [ARG0 He] [rel said] [ARG1 0 he believes 0 the bank loan , 0 *T*-1 to be arranged *-2 by February , will supply about half of the financing] .
- [ARG0 Mr. Simonds-Gooding] [rel said] [ARG1 0 the additional financing may leave British Satellite owned *-1 by about 20 investors , including Australian entrepreneur Alan Bond , whose nearly 36 % stake *T*-201 would be reduced *-2 to as little as 20 %] .
- But [ARG0 Mr. Simonds-Gooding] [rel said] [ARG1 0 he is n't talking to any studios about investing] .
- [ARGM-ADV Though the market was stronger] , [ARG0 dealers] [rel said] [ARG1 0 fresh buying interest was sidelined *-1 ahead of a potential market-affecting debate in the House of Commons set * for Tuesday] .
- The market is keenly interested in * hearing [ARG1 what] [ARG0 he] has *T*-1 0 * to [rel say] *T*-2 about [ARG3-about the status of the current 15 % base lending rate] .
- [ARG0 Dealers] [rel said] [ARG1 0 fresh buying was drawn *-1 into Jaguar after a senior executive of Daimler-Benz , the auto maker , told a British television interviewer during the weekend that the West German company held talks with the luxury auto maker over possible joint ventures] .
- [ARGM-ADV Although Daimler has said 0 it is n't interested in * mounting a bid for Jaguar] , [ARG0 dealers] [rel said] [ARG1 0 its name further underlined the growing interest in the British concern] .
- Although [ARG0 Daimler] has [rel said] [ARG1 0 it is n't interested in * mounting a bid for Jaguar] , dealers said 0 its name further underlined the growing interest in the British concern .
- [ARG1 Investors , who *T*-203 took profits Friday , mostly took a wait-and-see attitude Monday amid uncertainty in the foreign-currency market and New York stocks] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 Takamori Matsuda , an analyst at Dresdner-ABD Securities ,] [rel said] [ARG1 0 fading expectation for lower interest rates made investors step back from real-estate shares , which *T*-204 advanced last week] .
- [ARG0 Some traders] [rel said] [ARG1 0 institutions were waiting *-1 to see the U.S. jobless rate 0 *T*-2 to be issued *-3 Friday] .
- [ARG0 Traders] [rel said] [ARG1 0 turnover was particularly thin as investors waited for Wall Street to set the direction for the week] .
- [ARG1 Another factor weighing on the Frankfurt market involves fears about the impending wage talks between the IG Metall metal-workers union and industry representatives , which *T*-209 could result in a wave of strikes next spring] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 Dealers] [rel said] [ARG1 0 the market was supported *-1 to some extent by a firmer pound , gains on Wall Street and shopping by market-makers * to cover internal requirements for selected stocks in the 100-share index] .
- [ARG0 Deere & Co.] [rel said] [ARG1 0 it reached a tentative agreement with the machinists ' union at its Horicon , Wis. , plant , * ending a month-old strike by workers *PPA*-1 at the facility] .
- [ARG0 The maker of farm equipment] [rel said] [ARG1 0 the three-year labor agreement with the International Association of Machinists and Aerospace Workers at John Deere Horicon Works , Deere 's primary facility for * producing lawn and grounds-care equipment , takes effect immediately and extends through Oct. 1 , 1992] .
- [ARG1 About 1,150 employees are covered *-1 by the new agreement] , [ARG0 Deere] [rel said] 0 *T*-2 .
- [ARG1 Even without a specific takeover threat , Courtaulds is giving shareholders `` choice and value , ''] [rel said] 0 *T*-1 [ARG0 Julia Blake , an analyst at London stockbrokers Barclays de Zoete Wedd] .
- [ARGM-LOC In a statement] , [ARG0 the company] [rel said] : `` [ARG1 Both parts can only realize their full potential and be appropriately valued *-1 by the market if they are separately quoted companies] .
- [ARG1 The British chemical and textile company 's plan , which *T*-210 requires shareholder approval , would create a new , listed U.K. stock with a probable market capitalization between # 300 million *U* -LRB- $ 473 million *U* -RRB- and # 400 million *U*] , [ARG0 analysts] [rel said] 0 *T*-1 .
- [ARG0 Some analysts] have [rel said] [ARG1 0 Courtaulds ' moves could boost the company 's value by 5 % to 10 % , because the two entities separately will carry a higher price earnings multiple than they did *?* combined] .
- [ARGM-DIS In addition] , [ARG0 Courtaulds] [rel said] [ARG1 0 the moves are logical because they will allow both the chemicals and textile businesses to focus more closely on core activities] .
- [ARG0 Sanwa Shutter Corp.] [rel said] [ARG1 0 its affiliated company in Malaysia , established * this April , will begin *-1 manufacturing steel doors Wednesday] .
- [ARG0 Company officials] [rel said] [ARG1 0 the new company , Sin Kean Boon-Sanwa -LRB- J.V . -RRB- is capitalized *-1 at the equivalent of 54 million yen -LRB- $ 381,000 *U* -RRB-] .
- [ARG1 The new company was created *-1 * to meet growing demand for steel doors , concurrent with increasing local concern about fire prevention ,] [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 NEC Corp.] [rel said] [ARG1 0 it plans * to more than double its British subsidiary 's capacity for the production of semiconductor wafers] .
- [ARG0 Officials at the Japanese semiconductor maker] [rel said] [ARG1 0 the company intends *-1 to increase investment in plant and equipment by 10 billion yen -LRB- $ 70.6 million *U* -RRB- , to 90 billion yen , in the year ending March 31 , with the extra funds used * to increase production overseas] .
- [ARG0 Officials] [rel said] [ARG1 0 they were n't sure how the money will be distributed *-1 among overseas units *T*-2] , but added that NEC Semiconductors U.K. Ltd. will receive priority .
- Japanese steel companies are apparently focusing on domestic sales , but [ARG0 the official] [rel said] [ARG1 0 it does n't necessarily mean that local sales contracts are increasing that markedly] .
- `` [ARG1 They are just too busy 0 *T*-2 to meet domestic demand and have little room for overseas shipments] , '' [ARG0 the official] [rel said] *T*-1 .
- `` [ARG1 The market was pretty dull '' for most of the day] , [rel said] 0 *T*-1 [ARG0 Robert H. Chandross , vice president at Lloyds Bank PLC] .
- [ARGM-ADV Despite yesterday 's modest bond market gains] , [ARG0 economists] [rel say] [ARG1 0 investors are anxious about the Treasury 's huge quarterly refunding of government debt , the timing of which *T*-1 depends on Congressional efforts * to raise the debt ceiling] .
- [ARG0 Traders] [rel said] [ARG1 0 most municipal bonds ended 1\/2 point higher] .
- [ARG0 He] [rel said] [ARG1 0 some investors were reluctant *-1 to plunge into the market ahead of several key economic indicators due this week , especially Friday 's potentially market-moving employment report] .
- [ARG0 Bond dealers] [rel said] [ARG1 0 the rates for the long-term tax-exempt New York City bonds were among the highest , as a percentage of Treasury rates , for any New York City issue in recent memory] .
- [ARG0 A spokesman for New York City Comptroller Harrison Goldin] [rel said] [ARG1 0 the high rates reflect investors concerns about the city 's financial health and political uncertainties] .
- The junk bond prices of Western Union Corp. tumbled after [ARG0 the company] [rel said] [ARG1 0 it wo n't proceed with an exchange offer to holders of its reset notes] .
- [ARG0 The Upper Saddle River , N.J. , communications firm] [rel said] [ARG1 0 it is considering alternatives to the restructuring of the senior secured notes because of changes in the high-yield market] .
- [ARG0 High-yield traders] [rel said] [ARG1 0 spreads between the bid and offered prices of Western Union junk bonds have been widening for some time] , and in certain cases , bids for Western Union securities are not available .
- [ARG0 Portfolio managers] [rel said] [ARG1 0 expectations are for the issue to be priced *-1 at a discount with a coupon of 13 3\/4 % and a yield of about 14 %] .
- `` [ARG1 We saw good retail demand by small banks , individuals and institutions and that is one reason why the market advanced '' late in the day *T*-2] , [rel said] 0 *T*-1 [ARG0 Sung Won Sohn , senior vice president and chief economist at Norwest Corp. , Minneapolis] .
- [ARG0 He] [rel said] [ARG1 0 the change in sentiment also reflected perceptions that the slate of economic statistic due this week will be `` conducive to a bond market rally] . ''
- [ARG1 In the second quarter , middle-market cross-border transactions -- deals under $ 100 million *U* each -- numbered 619 and totaled $ 6 billion *U* , compared with 478 such transactions totaling $ 4.9 billion *U* a year earlier] , [ARG0 the firm] [rel said] 0 *T*-1 .
- [ARG0 Rymer Foods Inc.] [rel said] [ARG1 0 its board authorized the purchase of as many as 500,000 of its common stock purchase warrants at a price of $ 4 *U* a warrant] .
- [ARG0 The food company , which *T*-1 has 720,000 warrants and about 2.9 million common shares outstanding ,] [rel said] [ARG1 0 it may increase the offer *-3 to purchase any or all warrants that *T*-2 are properly tendered] .
- `` [ARG1 I am beside myself] , '' [ARG0 I] 've [rel said] *T*-1 [ARGM-TMP in moments of heat] , [ARGM-ADV Without *-2 ever bothering *-3 To marvel at the feat] .
- [ARG0 Gen-Probe Inc. , a biotechnology concern ,] [rel said] [ARG1 0 it signed a definitive agreement * to be acquired *-1 by Chugai Pharmaceutical Co. of Tokyo for about $ 110 million *U* , or almost double the market price of Gen-Probe 's stock] .
- `` [ARG1 They are piggybacking onto developed technology] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 The Japanese government , [ARG0 Mr. Godown] [rel said] 0 *T*-1 , has stated that it wants 10 % to 11 % *U* of its gross national product to come from biotechnology products .]
- `` [ARG1 It is becoming more of a horse race *ICH*-2 every day between the U.S. and Japan] , '' [ARG0 he] [rel said] *T*-1 , [ARGM-ADV *-3 adding that some fear that as with the semiconductor , electronics , and automobile industries , Japanese companies will use U.S.-developed technology *-4 to gain trade advantages] .
- [ARG0 Mr. Bologna] [rel said] [ARG1 0 the sale would allow Gen-Probe to speed up the development of new technology , and to more quickly apply existing technology to an array of diagnostic products 0 the company wants *-3 to offer *T*-2] .
- `` [ARG1 We think 0 Gen-Probe has technology important to people 's health] , '' [ARG0 he] [rel said] *T*-1 , [ARGM-ADV *-3 adding : `` We think 0 it *EXP*-4 is important for us to have such technology] . ''
- [ARGM-ADV Among other things] , [ARG0 Mr. Bologna] [rel said] [ARG1 that the sale will facilitate Gen-Probe 's marketing of a diagnostic test for acquired immune deficiency syndrome , or AIDS] .
- [ARG1 Chugai also will help Gen-Probe with its regulatory and marketing expertise in Asia] , [ARG0 Mr. Bologna] [rel said] 0 *T*-1 .
- [ARG1 The tender offer for Gen-Probe 's shares is expected *-1 to begin next Monday] , [ARG0 the company] [rel said] 0 *T*-2 .
- That arrangement [ARGM-ADV apparently] has worked well , and [ARG0 Thomas A. Bologna , president and chief executive officer of Gen-Probe , founded * in 1983 ,] [rel said] [ARG1 0 the sale of the company means 0 `` we will be able *-1 to concentrate on * running the business rather than always looking for sources of financing] . ''
- `` [ARG1 The biotechnology firms may be setting up their own competitors] , '' [rel said] *T*-1 [ARG0 Richard Godown , president of the Industrial Biotechnology Association] .
- `` [ARG1 We have never opposed the development of economic relations between our allies and the Soviet Union] , '' [rel says] *T*-1 [ARG0 a State Department official] .
- They believe 0 technology is one of their best bets , and [ARG0 some Soviet officials] [rel say] [ARG1 0 Moscow will even consider *-1 declassifying military know-how if the price is right] .
- `` [ARG1 The Soviet Union has a lot of know-how , but it *EXP*-1 has been difficult * to put that into actual production because of various structural problems in the economy] , '' [rel says] *T*-2 [ARG0 Mr. Shapovalov , the Foreign Ministry official] .
- [ARG1 The Soviets are `` contemplating a flexible system under which it *EXP*-2 would be possible * to develop -LCB- technology -RCB- jointly and even to market it jointly *T*-1 , ''] [ARG0 he] [rel says] 0 *T*-3 .
- `` [ARG1 My impression is that there is n't anything which *T*-1 arouses our interest at first glance] , '' [rel says] *T*-2 [ARG0 an official from Japan 's Ministry of International Trade and Industry] .
- `` [ARG1 We were just surprised] , '' [rel says] *T*-1 [ARG0 Tad Inada , NASDA 's director for international affairs] .
- [ARGM-DIS But] `` [ARG1 the Soviet Union has areas where it is n't behind Japan *T*-1] , '' [rel says] *T*-2 [ARG0 Mikhail Shapovalov of the Soviet Ministry of Foreign Economic Relations] .
- [ARGM-ADV Despite warnings *ICH*-1 from such leaders as former Federal Reserve Board Chairman William McChesney Martin that unfixed commissions would undo the industry] , [ARG0 the SEC] [ARGM-TMP in September 1973] [rel said] [ARG1 0 full competition must start May l , 1975] .
- [ARG0 Ray Garrett Jr. , SEC chairman ,] [rel said] [ARG1 0 the `` breadth and depth of the discounting is more than I expected *?*] . ''
- [ARG0 President Bush] [rel said] [ARG1 that three members of his cabinet will lead a presidential mission to Poland *-2 to gauge how the U.S. can help the new non-Communist government 's economic changes *T*-1] .
- [ARG1 The mission will visit Poland from Nov. 29 to Dec. 2] , [ARG0 the White House] [rel said] 0 *T*-1 .
- [ARGM-DIS In addition] , [ARG0 the White House] [rel said] [ARG1 that Charles Harper , chairman of ConAgra Inc. , and John McGillicuddy , chairman of Manufacturers Hanover Corp. , will be among a group of at least 15 business and labor representatives in the presidential mission] .
- [ARG0 Mr. Bush] [rel said] [ARG1 0 the group is *-2 to `` focus on economic sectors where U.S. expertise and cooperation can indeed make a difference *T*-1] . ''
- [ARGM-LOC In an interview at the time of his resignation from MCA] , [ARG0 he] [rel said] : `` [ARG1 I 'd rather build a company than run one] .
- [ARGM-DIS But] [ARG0 record industry executives familiar with the talks] [rel said] [ARG1 0 Mr. Azoff and Warner came to an agreement *ICH*-1 yesterday * to form a 50-50 joint-venture company funded * by Warner and run * by Mr. Azoff] .
- [ARG1 The agreement] is [rel said] *-1 to be similar to Warner 's 50-50 partnership with record and movie producer David Geffen , whose films and records *T*-2 are distributed *-51 by the Warner Bros. studio and the Warner records unit .
- [ARG1 Although Mr. Azoff wo n't produce films at first , it *EXP*-1 is possible that he could do so later] , [ARG0 the sources] [rel said] 0 *T*-2 .
- [ARG0 The Roper Organization , which *T*-1 conducted the survey ,] [rel said] [ARG1 0 almost half of the exercise equipment owners found it duller than they expected *?*] .
- [ARG0 Fewer people] [rel said] [ARG1 0 they were working up a sweat with such activities as jogging , tennis , swimming and aerobics] .
- [ARG0 Half of those surveyed *] [rel said] [ARG1 0 they simply walk these days for exercise] .
- `` [ARG1 The first excuse is 0 they do n't have enough time] , '' [rel says] *T*-1 [ARG0 research director Thomas Doyle] .
- `` [ARG1 I 'm using it a lot] , '' [ARG0 she] [rel says] *T*-1 .
- The poll points up some inconsistencies between [ARG1 what] [ARG0 people] [rel say] *T*-1 and what they do *T*-2 .
- [ARG0 A surprising 78 % of people] [rel said] [ARG1 0 they exercise regularly] , [ARGM-ADV up from 73 % in 1981] .
- `` [ARG1 People say 0 they swim , and that may mean 0 they 've been to the beach this year] , '' [rel says] *T*-1 [ARG0 Krys Spain , research specialist for the President 's Council on Physical Fitness and Sports] .
- `` [ARG0 People] [rel say] [ARG1 0 they swim] , and that may mean 0 they 've been to the beach this year , '' says *T*-1 Krys Spain , research specialist for the President 's Council on Physical Fitness and Sports .
- [ARG0 People] are too embarrassed * to [rel say] [ARG1 0 they have n't done anything] . ''
- [ARGM-ADV While she applauds the fact that more Americans are getting up from the television *-2 to stroll or garden] , [ARG0 she] [rel says] [ARG1 0 the percentage of Americans who *T*-1 do `` real exercise 0 *T*-3 to build the heart '' is only 10 % to 20 % *U*] .
- `` [ARG1 I 'm really wiped out after *-2 walking five hours] , '' [ARG0 she] [rel says] *T*-1 .
- [ARG0 Most people] [rel said] [ARG1 0 they exercise both for health and enjoyment] .
- `` [ARG1 If you sit down all the time , you 'll go stiff] , '' [rel says] *T*-2 [ARG0 Joyce Hagood , a Roxboro , N.C. , homemaker who *T*-1 walks several miles a week] .
- [ARG0 Only about a quarter of the respondents] [rel said] [ARG1 0 they exercise *-1 to lose weight] .
- `` [ARG1 *-2 Working with lawyers] , '' [ARG0 she] [rel says] *T*-1 , `` I need it . ''
- `` [ARG1 They 're too crowded , and everybody 's showing off] , '' [rel says] *T*-1 [ARG0 Joel Bryant , a 22-year-old student from Pasadena , Calif] .
- [ARG0 Nearly half of those who *T*-1 joined health clubs] [rel said] [ARG1 0 they did n't use their membership as often as they planned *?*] .
- [ARGM-DIS Even so] , [ARG0 the Association of Quality Clubs , a health-club trade group in Boston ,] [rel says] [ARG1 0 membership revenues will rise about 5 % this year from last year 's $ 5 billion *U*] .
- [ARG0 The proprietor of Sante West , an aerobics studio in San Francisco 's Marina district , which *T*-2 was hit *-1 hard by the earthquake ,] [rel says] , `` [ARG1 People were going nuts the minute 0 we opened *T*-4 , '' three days after the quake] .
- The survey reported 0 the number of [ARG0 people] who *T*-1 [rel said] [ARG1 0 they bowl regularly] has fallen to just 8 % from 17 % in 1981 .
- [ARG1 People who *T*-1 start *-3 bowling *-3 expecting it to be a pleasurable exercise `` have been generally disappointed , ''] [ARG0 the report] [rel said] *T*-2 .
- `` [ARG1 It 's good exercise] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 He] [rel says] [ARG1 0 bowling helps him shed pounds , though that effort is sometimes thwarted *-2 by the fact that `` when I 'm drinking *T*-1 , I bowl better] . ''
- [ARG1 Private housing starts in Japan were unchanged in September from a year earlier at 144,610 units] , [ARG0 the Construction Ministry] [rel said] 0 *T*-1 .
- [ARG0 Mr. Busch] [rel says] [ARG1 0 there is a scientific explanation for all haunts , and he can even tell you how * to encourage the spirits *T*-1] .
- `` [ARG1 All 0 you have *-2 to do *T*-1 is eat a big pizza , and then go to bed] , '' [ARG0 he] [rel says] *T*-3 .
- `` [ARG1 I get calls *ICH*-1 nearly every day from people who *T*-2 have ghosts in their house] , '' [rel says] *T*-3 [ARG0 Raymond Hyman , a skeptical psychology professor at the University of Oregon] .
- [ARGM-LOC In a public opinion poll published * in the October issue of Parents Magazine] , [ARG0 a third of those queried *] [rel said] [ARG1 0 they believe that ghosts or spirits make themselves known to people] .
- `` [ARG1 The movies , the books , the tabloids -- even Nancy Reagan is boosting this stuff] , '' [rel says] *T*-2 [ARG0 Paul Kurtz , a philosophy professor at the State University of New York at Buffalo , who *T*-1 heads the Committee for the Scientific Investigation of the Paranormal] .
- [ARG1 For the spooks it 's just another day of ectoplasmic business as usual] , [ARG0 ghostbusters] [rel say] 0 *T*-1 ; the holiday seems *-2 to occasion no unusual number of ghost reports .
- [ARG0 Mr. Baker] [rel says] [ARG1 0 he has personally bested more than 50 haunts , from aliens to poltergeists] .
- `` [ARG1 I 've never met a ghost that *T*-1 could n't be explained away *-3 by perfectly natural means] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 When the weather cools *T*-1] , [ARG0 Mr. Baker] [rel says] 0 *T*-2 , hobos often hole up in abandoned houses .
- `` [ARG1 People see activity in there , and the next thing 0 you know *T*-1 , you 've got a haunting] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Mrs. Stinnett] [rel says] [ARG1 0 she never believed in ghosts before] , but lately her vacuum cleaner turned itself on , a telephone flew off its stand , doors slammed inexplicably , and she heard footsteps in her empty kitchen .
- `` [ARG1 I was doing the laundry and nearly broke my neck *-3 running upstairs *-4 to see who *T*-1 was there , and it was nobody] , '' [ARG0 she] [rel says] *T*-2 , [ARGM-ADV eyes wide at the recollection] .
- Of [ARG3-Of the self-starting vacuum cleaner] , [ARG0 he] [rel says] : `` [ARG1 * Could be Cuddles , -LCB- Mrs. Stinnett 's dog -RCB-] . ''
- `` [ARG1 I 'm not sure 0 he 's explained everything] , '' [ARG0 Mrs. Stinnett] [rel says] *T*-1 [ARGM-MNR grudgingly] .
- `` [ARG1 There are some things that *T*-1 have gone on here that nobody can explain *T*-3] , '' [ARG0 she] [rel says] *T*-2 .
- `` [ARG1 I tell people 0 it 's the groundup bones of saints] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Oregon 's Mr. Hyman] has investigated claims of flying cats , apparitions and bouncing chandeliers and has come up with a plausible explanation , [ARG0 he] [rel says] , for every one .
- `` [ARG1 Invariably] , '' [ARG0 he] [rel says] *T*-1 , `` eyewitnesses are untrustworthy . ''
- `` [ARG1 A very striking illusion] , '' [ARG0 Mr. Hyman] [rel says] *-1 [ARGM-TMP now] , [ARGM-ADV his voice dripping with skepticism] , `` but an illusion nevertheless . ''
- `` [ARG1 On certain occasions a spirit could be earthbound and make itself known] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 If the person believes 0 there 's an evil spirit , you ask it *-3 to be gone *-1] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 They] [rel say] [ARG1 0 they now get three or four `` legitimate '' calls a week from people harried * by haunts] .
- [ARG1 A Scottish dwarf built the small red house 110 years ago and now his demonic ghost haunts it] , [ARG0 Mr. Warren] [rel says] 0 *T*-1 .
- `` [ARG1 This is a very tenacious ghost] , '' [ARG0 Mr. Warren] [rel says] *T*-1 [ARGM-MNR darkly] .
- `` [ARG1 I firmly believe in angels , devils and ghosts] , '' [rel says] *T*-2 [ARG0 Mr. Warren , whose business card *T*-1 identifies him as a `` demonologist] . ''
- [ARGM-DIS But] [ARG0 Mr. Warren] [rel says] [ARG1 0 the woman has `` psychic burns '' on her back from the confrontation] .
- `` [ARG1 This was an invisible , powerful force that *T*-1 's almost impossible 0 for a layman to contemplate *T*-2] , '' [ARG0 Mr. Warren] [rel says] *T*-3 [ARGM-MNR solemnly] [ARGM-ADV as the ghostbusting entourage packs up *-4 to leave] .
- `` [ARG1 This time] though , '' [ARG0 he] [rel says] *T*-1 , `` I think 0 we got it . ''
- `` [ARG1 We 're always going *-2 to hire someone 0 we consider *T*-1 to be a winner] , '' [ARG0 an Edwards official] [rel says] *T*-3 .
- `` [ARG1 I do n't foresee any shortages over the next few months] , '' [rel says] *T*-1 [ARG0 Ken Allen , an official of Operating Engineers Local 3 in San Francisco] .
- [ARG1 But , with the state offering only $ 39,000 *U* a year and California 's high standard of living , `` there are n't too many 0 * to choose from *T*-2 , ''] [rel says] *T*-1 [ARG0 Brent Scott , a recruiting officer] .
- [ARG0 He] [rel says] [ARG1 0 the department now has 75 openings and wants *-1 to hire 625 civil engineers over the next 15 months] .
- [ARGM-LOC In an advisory letter] , [ARG0 the department] [rel said] [ARG1 that , starting Oct. 18 , loans could be limited *-1 to `` parties in interest , '' which *T*-2 generally means active workers but also includes retirees who *T*-3 continue as directors and 10 % shareholders] .
- [ARG0 The IRS] [rel says] [ARG1 0 the question wo n't be settled *-1 until the regulations are issued *-2 `` shortly] . ''
- [ARG0 Outplacement consultant Right Associates] [rel says] [ARG1 0 the average pay of its clients fell to $ 66,743 *U* last year from $ 70,765 *U* in 1987 ; severance pay dropped to 25 weeks from 29] .
- [ARG1 But three out of four managers ca n't accurately state the value of their own packages] , [ARG0 consultant Noble Lowndes] [rel says] 0 *T*-1 .
- [ARG1 Only one in four companies with flexible benefit plans lets workers buy or sell vacation days] , [ARG0 consultant Towers Perrin] [rel says] 0 *T*-1 .
- Employees like the option but [ARG0 firms] [rel say] [ARG1 0 it 's too tough 0 * to run *T*-1] .
- `` [ARG1 Fast-food jobs are n't popular no matter what they pay *T*-1] , '' [rel says] *T*-2 [ARG0 a Tufts official] .
- [ARG0 The Bureau of Labor Statistics] [rel says] [ARG1 0 securities firms in New York City alone have slashed 17,000 jobs from the December 1987 peak of 163,000] .
- [ARG0 Carnegie Mellon] , [ARGM-DIS though] , [rel says] [ARG1 0 some students conclude 0 they can help their careers most by *-1 hitting the books] : `` They 're opting *-2 to build their resumes through good grades and leadership roles in fraternities . ''
- [ARG1 Still] , [ARG0 the school] [rel says] 0 there are an ample number and pay is up to $ 7.20 *U* an hour from $ 6.90 *U* last year .
- [ARG1 If Brazil devises an economic strategy allowing it to resume growth and service debt] , this could lead it to open up *RNR*-1 and deregulate *RNR*-1 its sheltered economy , [ARG0 analysts] [rel say] *T*-3 , just as Argentinian President Carlos Saul Menem has been doing even though he was elected *-2 on a populist platform .
- `` [ARG1 Depending on the president , we could either be a trillion-dollar economy by the end of the century or stay where we are *T*-1] , '' [rel says] *T*-2 [ARG0 political scientist Amaury de Souza] .
- [ARG0 Officials] [ARGM-DIS also] [rel say] [ARG1 0 a national electricity shortage might not be far off] .
- `` [ARG1 I feel sorry for whoever *T*-1 wins] , '' [rel says] *T*-2 [ARG0 a Brazilian diplomat] .
- [ARG0 Analysts] [ARGM-DIS also] [rel say] [ARG1 0 it *EXP*-2 's inevitable that Brazil will seek *-3 to renegotiate its $ 115 billion *U* foreign debt , on which it suspended interest payments *T*-1 last month] .
- [ARG0 Analysts] [rel say] , [ARGM-DIS however] , [ARG1 that a tough economic program would have *-2 to be accompanied *-1 by measures 0 *T*-3 to shield the poor from its recessionary effects , for instance by * subsidizing staple food items] .
- Of the three candidates with a serious chance of * winning , Mr. Collor comes closest to * advocating the sort of measures that [ARG0 economists] [rel say] [ARG1 0 *T*-1 are necessary] .
- The 67-year-old Mr. Brizola has been vague about his intentions and often inflammatory in his rhetoric , but [ARG0 analysts] [rel say] [ARG1 0 he probably would be pragmatic] .
- [ARG0 Mr. da Silva , a 43-year-old former factory worker and labor leader ,] is the most radical , *-1 vowing *-2 to withhold payments on the foreign debt and [rel saying] [ARG1 0 he `` would n't go around *-3 putting the country up for sale to the highest bidder] . ''
- But despite the differences in [ARG1 what] [ARG0 they] [rel say] *T*-1 , according to some analysts here , economic constraints mean 0 the next president may not have many choices about what he does *T*-2 .
- `` [ARG1 Whoever *T*-1 says 0 he knows which of the six *T*-2 will win is out of his mind] , '' [rel says] *T*-3 [ARG0 Antonio Britto , a centrist member of Parliament] .
- `` [ARG0 Whoever] *T*-1 [rel says] [ARG1 0 he knows which of the six *T*-2 will win] is out of his mind , '' says *T*-3 Antonio Britto , a centrist member of Parliament .
- [ARG1 The Humana hospital] responded by *-3 jacking up prices *-4 to make up for lost revenue , [ARG0 Mr. Conn] [rel says] 0 *T*-2 , and now charges as much as $ 8,000 *U* for the procedure , which *T*-1 costs only about $ 3,500 *U* in Lexington .
- Now there 's a new wrinkle *ICH*-2 in what young doctors want *T*-1 : [ARG0 More than half of 300 residents responding to recent survey] [rel said] [ARG1 0 they 'd prefer a guaranteed salary over traditional fee-for-service compensation in their first professional position] .
- `` [ARG1 Ten years ago , a physician would go to a town and take out a loan -LRB- *-3 to start a practice -RRB-] , '' [rel says] *T*-2 [ARG0 James Merritt , president of Merritt , Hawkins & Associates , an Irvine , Calif. , physician recruiter that *T*-1 conducted the survey] .
- The numbers behind such fears : [ARG1 The average debt of medical school graduates who *T*-3 borrowed *-2 to pay for their education jumped 10 % to $ 42,374 *U* this year from $ 38,489 *U* in 1988] , [rel says] 0 *T*-1 [ARG0 the Association of American Medical Colleges] .
- [ARG1 It reflects values of a generation that *T*-1 wants more time for families and personal interests] , [rel says] *T*-3 [ARG0 John H. Moxley III , who *T*-2 directs physician-executive searches for Korn\/Ferry International] .
- `` [ARG1 This is a change in the social fabric of medicine] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 It *EXP*-3 was certainly good * to have him handy] , '' [ARG0 Mrs. Bobar] [rel says] *T*-1 .
- `` [ARG1 The philosophy is * to make the patient and the family very responsible for a portion of their own care] , '' [rel says] *T*-1 [ARG0 Anthony J. Grieco , medical director of cooperative care at New York University Medical Center , where the concept began 10 years ago *T*-2] .
- `` [ARG1 It 's really part of the hospital of the 21st century] , '' [ARG0 Dr. Grieco] [rel says] *T*-1 .
- [ARG1 So] [rel says] *T*-3 [ARG0 the Commonwealth Fund , a New York philanthropist that *T*-1 's sponsoring a $ 1 million *U* project 0 * to develop joint masters in business and nursing programs at 10 universities *T*-2] ... .
- [ARGM-ADV If the Legislature does n't repeal the law , due for revision in 1990 ,] [ARG0 Mr. Jones] [rel says] [ARG1 0 Humana may move its insurance operations , including 3,000 jobs in Louisville , to another state] .
- [ARGM-DIS But] [ARG0 Humana] [rel says] [ARG1 0 its own facilities could serve its insured for less if they were properly equipped] .
- [ARG0 The group led * by Birmingham , Mich. , publicist William D. McMaster] did [ARGM-NEG n't] name an investment banker backing the deal or [rel say] [ARG1 how much its members will contribute *T*-1 to the offer] .
- [ARGM-ADV Indeed] , [ARG0 some individuals identified * with the group] [rel said] [ARG1 0 they have n't committed any money to the bid and were n't aware of it until they heard about it in local news accounts over the weekend] .
- [ARG0 The company] has [rel said] [ARG1 0 the paper is n't for sale] , and has rebuffed Mr. McMaster 's earlier requests for access to Free Press financial statements .
- [ARGM-LOC In his letter to Knight-Ridder President James K. Batten] , [ARG0 Mr. McMaster] [rel said] [ARG1 0 he arrived at the $ 68 million *U* figure *-1 using Knight-Ridder 's corporate financial statements and comments by Knight-Ridder officials that the Free Press has a $ 50 million *U* value in salvage] .
- But [ARGM-LOC in an interview] , [ARG0 Mr. McMaster] [rel said] [ARG1 0 he and his investment banker would need access to full financial records before *-1 firming up the offer] .
- [ARG0 Mitsui & Co.] [rel said] [ARG1 0 it started a joint venture with Dae Woong Chemical Co. , a major pharmaceutical manufacturer in South Korea , 0 * to manufacture antibiotic medicines *T*-1] .
- [ARG0 NRM Energy Co.] [rel said] [ARG1 0 it filed materials with the Securities and Exchange Commission * calling for it to restructure into a corporation from a limited partnership] .
- [ARG0 NRM] [rel said] [ARG1 0 its $ 2.60 *U* senior cumulative convertible preferred units will be converted *-1 into an equal number of shares of $ 2.60 *U* senior cumulative convertible preferred stock of Edisto] .
- [ARG0 The partnership] [rel said] [ARG1 0 it is proposing the change largely because the provisions of its senior notes restrict it from *-1 making distributions on its units outstanding] .
- [ARG0 NRM] [rel said] [ARG1 0 it expects unitholders to vote on the restructuring at a meeting Dec. 15] .
- [ARG1 However , unpaid distributions on the acquisition preferred * are cumulative and would total $ 23 million *U* a year , * hurting NRM 's financial flexibility and its ability * to raise capital] , [ARG0 NRM] [rel said] 0 *T*-1 .
- [ARGM-LOC In * following several other oil and gas partnerships that *T*-1 have made the conversion to a corporation in the last year] , [ARG0 NRM] [ARGM-DIS also] noted that tax advantages for partnerships have diminished under new tax laws and [rel said] [ARG1 0 it would save $ 2 million *U* a year in administrative costs from the change] .
- [ARGM-LOC Under the plan] , [ARG0 NRM] [rel said] [ARG1 0 holders of its common units will receive one share of new common stock in Edisto Resources Corp. for every 14.97 common units owned *] .
- [ARG0 Sherwin-Williams Co. and Whittaker Corp.] [rel said] [ARG1 0 they 've discontinued talks toward a definitive agreement regarding Sherwin-Williams ' acquisition of Whittaker 's chemical coating group] .
- [ARG1 Proceeds from the planned sale of the 250,000-square-foot building `` will help *-2 reduce the debt incurred * as a result of our July 1988 recapitalization] , '' [rel said] *T*-1 [ARG0 a USG official] .
- [ARGM-DIS And] [ARG0 some fund groups] [rel said] [ARG1 0 investors actually became net buyers] .
- [ARG1 The recent outcry over program trading will cast a pall over the stock-fund environment in the coming months] , [ARG0 some analysts] [rel say] 0 *T*-1 .
- `` [ARG1 The public is very close to * having had it] , '' [ARG0 Mr. Jenks] [rel says] *T*-1 .
- [ARG1 Overall , net sales of all mutual funds , excluding money market funds , fell to $ 1.9 billion *U* in September from $ 4.2 billion *U* in August] , [ARG0 the trade group] [rel said] 0 *T*-1 .
- `` [ARG1 Small net inflows into stock and bond funds were offset *-1 by slight declines in the value of mutual fund stock and bond portfolios '' stemming from falling prices] , [rel said] 0 *T*-2 [ARG0 Jacob Dreyer , the institute 's chief economist] .
- [ARG1 Assets of these and other short-term funds surged more than $ 5 billion *U* in September] , [ARG0 the institute] [rel said] 0 *T*-1 .
- [ARG1 The sales recovery screeched to a halt this month] , [ARG0 some analysts] [rel say] 0 *T*-1 .
- [ARG0 Analysts] [rel say] [ARG1 0 additional investors transferred their assets into money funds this month] .
- [ARG1 At Fidelity Investments , the nation 's largest fund group , money funds continue *-1 to draw the most business] , [rel says] 0 *T*-2 [ARG0 Michael Hines , vice president , marketing] .
- [ARG1 In October , net sales of stock funds at Fidelity dropped sharply] , [ARG0 Mr. Hines] [rel said] 0 *T*-1 .
- `` [ARG1 If that follows through next month , then it will be a different story] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Confidence was starting *-2 to come back because we did n't have wildly volatile days] , '' [rel says] *T*-1 [ARG0 Tyler Jenks , research director for Kanon Bloch Carre & Co. , a Boston research firm] .
- [ARG1 Investors in all funds will seek safety in the coming months] , [ARG0 some analysts] [rel say] 0 *T*-1 .
- [ARG1 Among stock funds , the conservative growth-and-income portfolios probably will remain popular] , [ARG0 fund specialists] [rel say] 0 *T*-1 .
- `` [ARG1 There will be a continuation and possibly greater focus on conservative equity funds , at the expense of growth and aggressive growth funds] , '' [rel says] *T*-1 [ARG0 Avi Nachmany , an analyst at Strategic Insight , a New York fund-research concern] .
- [ARG1 Net sales of stock funds in September totaled $ 839.4 million *U* , down from $ 1.1 billion *U* in August] , [ARG0 the institute] [rel said] 0 *T*-1 .
- [ARG1 October 's numbers , which *T*-3 wo n't be released *-1 for a month , are down further] , [ARG0 mutual fund executives] [rel say] 0 *T*-2 .
- We keep *-3 wondering [ARG1 what] [ARG0 Mr. Gates] wanted *-2 to [rel say] *T*-1 .
- We note that [ARGM-LOC in Rome] yesterday [ARG0 Defense Secretary Cheney] [rel said] [ARG1 that European euphoria over Mr. Gorbachev is starting *-2 to be tempered *-1 by a recognition of `` the magnitude of the problems 0 he was trying *-4 to deal with *T*-3] . ''
- Why , [ARG0 a Bob Gates] [ARGM-MOD might] [ARGM-ADV even] have [rel said] , `` [ARG1 Nor are Soviet problems susceptible to rescue from abroad through abundant Western credits] . ''
- If [ARG0 Mr. Gates] had been allowed *-1 to [rel say] [ARG1 these things] , we would now be hearing about `` discord '' and `` disarray '' on foreign policy .
- It *EXP*-1 's somehow OK for [ARG0 Secretary Baker himself] , [ARGM-DIS however] , to [rel say] [ARG1 all the same things] .
- [ARG0 The American Stock Exchange] [rel said] [ARG1 0 a seat was sold *-1 for $ 160,000 *U* , down $ 5,000 *U* from the previous sale last Friday] .
- `` [ARG1 Many scholars are of the opinion that the mere existence of the penalty deters many people from the commission of capital crimes] , '' [rel says] *T*-1 [ARG0 Sen. Orrin Hatch -LRB- R. , Utah -RRB-] .
- [ARG0 Thomas Boyd , a senior Justice Department official ,] [rel says] [ARG1 0 the new federal drug-related crimes punishable by death since last November may result in a jump in capital sentences , though that has n't happened so far] .
- `` [ARG1 That burden is very difficult , if not impossible , 0 * to meet *T*-2] , '' [rel says] *T*-1 [ARG0 Mr. Boyd] .
- [ARG1 Lawyers would eagerly seize on the provision in their death-penalty appeals] , [rel says] *T*-1 [ARG0 Richard Burr , director of the NAACP Legal Defense and Educational Fund 's capital-punishment defense team] .
- [ARG1 Japan 's exports of cars , trucks and buses declined 2.4 % to 535,322 units in September from a year earlier] , [ARG0 the Japan Automobile Manufacturers Association] [rel said] 0 *T*-1 .
- [ARG0 Lone Star Technologies Inc.] [rel said] [ARG1 0 its Lone Star Steel Co. unit sued it in federal court here , *-1 seeking *-2 to recover an intercompany receivable valued * at a minimum of $ 23 million *U*] .
- [ARG0 Lone Star Technologies] [rel said] [ARG1 0 it and its subsidiary 's creditors agree that the parent company owes the unit money , but they have n't been able *-1 to reach agreement on the amount] .
- [ARG0 Judith Elkin , lawyer for the creditors ,] [rel said] [ARG1 0 the creditors group is challenging certain accounting entries on the parent company 's books and estimates that the receivable owed the steel company * could be as much as $ 40 million *U*] .
- [ARGM-DIS Separately] , [ARG0 Lone Star Technologies] [rel said] [ARG1 0 the bankruptcy court granted Lone Star Steel an extension until year end on its exclusive period 0 * to present a reorganization plan *T*-1] .
- `` [ARG1 * Let 's close the door] , '' [rel said] *T*-1 [ARG0 the judge] [ARGM-TMP as he climbed to his bench] .
- `` [ARG1 We were never going *-2 to get these insurance companies to agree again] , '' [rel says] *T*-1 [ARG0 John V. Trump , a San Francisco defense lawyer in the case] .
- [ARGM-ADV For the record] , [ARG0 Jeffrey Kaufman , an attorney for Fireman 's Fund ,] [rel said] [ARG1 0 he was `` rattled -- both literally and figuratively] . ''
- `` [ARG1 My belief is always , 0 if you 've got a settlement , you read it into the record] . '' [rel says] *T*-1 [ARG0 Judge Jenkins , now known * in his courthouse as `` Shake 'Em Down Jenkins] . ''
- `` [ARG1 I did n't know if it was World War III or what] , '' [rel says] *T*-1 [ARG0 Melanie Carvain of Morristown , N.J] .
- `` [ARG1 The judge came out and said , ` Quick , * let 's put this on the record] , ' '' [rel says] *T*-1 [ARG0 Sandy Bettencourt , the judge 's court reporter] .
- `` [ARG0 The judge] came out and [rel said] , ` [ARG1 Quick , * let 's put this on the record] , ' '' says *T*-1 Sandy Bettencourt , the judge 's court reporter .
- `` [ARG0 I] [rel said] , ` [ARG1 NOW] ? '
- [ARG0 Edison Brothers Stores Inc.] [rel said] [ARG1 0 it agreed *-1 to buy 229 Foxmoor women 's apparel stores from Foxmoor Specialty Stores Corp. , a unit of Dylex Ltd. of Toronto] .
- [ARG0 Edison] [rel said] [ARG1 0 the acquired stores would be integrated *-1 into its current operations] .
- [ARG0 Chrysler Corp. Chairman Lee A. Iacocca] [rel said] [ARG1 0 the nation 's No. 3 auto maker will need *-1 to close one or two of its assembly plants because of the slowdown hitting the industry] .
- `` [ARG1 Unless the market goes to 19 million units -- which we all know 0 it 's not going *-3 to do *T*-1 -- we have the inescapable fact that the transplants are adding capacity] , '' [ARG0 Mr. Lutz] [rel said] *T*-2 [ARGM-TMP last month] .
- In an interview with the trade journal Automotive News , [ARG0 Mr. Iacocca] declined *-2 to [rel say] [ARG1 which plants *T*-1 will close or when Chrysler will make the moves *T*-3] .
- [ARGM-DIS But] [ARG0 he] [rel said] , `` [ARG1 we have too many plants in our system] .
- [ARGM-LOC At Chrysler 's 1990 model preview] [ARGM-TMP last month] , [ARG0 Chrysler Motors President Robert A. Lutz] [rel said] [ARG1 0 the No. 3 auto maker , along with other U.S. manufacturers , might be forced *-1 to `` realign ... capacity '' if market demand does n't improve] .
- [ARG0 Analysts] [rel said] [ARG1 0 the nation 's second-largest drugstore chain was a valuable company , despite its financial woes] .
- [ARG1 Its problem] , [ARG0 they] [rel say] *T*-1 , is that management paid too much in the leveraged buy-out and the current $ 515 million *U* debt load is keeping Revco in the red .
- `` [ARG1 If * bought at the right price , it could still be profitable] , '' [rel said] *T*-1 [ARG0 Jeffrey Stein , an analyst at McDonald & Co. , Cleveland] .
- [ARG0 Revco] reacted cautiously , *-1 [rel saying] [ARG1 0 the plan would add $ 260 million *U* of new debt to the highly leveraged company] .
- [ARGM-TMP Last week] , [ARG0 Revco 's parent company , Anac Holding Corp. ,] [rel said] [ARG1 0 the company reported a loss of $ 16.2 million *U* for the fiscal first quarter , compared with a loss of $ 27.9 million *U* in the year-earlier quarter] .
- [ARG0 The company , based * in Twinsburg , Ohio ,] [rel said] [ARG1 0 its operating profit before depreciation and amortization increased 51 % , to $ 9.2 million *U* from $ 6.1 million *U*] .
- [ARG0 Revco 's chairman and chief executive officer , Boake A. Sells ,] [rel said] [ARG1 0 both the company and the bondholders have put forth reorganization plans , but little progress has been made *-1 since negotiations began this summer] .
- [ARG0 He] [rel said] [ARG1 0 he has not met with representatives from Acadia] .
- [ARG1 Any reorganization proposal] , [ARG0 Mr. Sells] [rel said] 0 *T*-1 , is difficult 0 * to assess *T*-3 because it must be agreed upon *-2 by the company , bondholders , banks and other creditors .
- [ARG1 `` It 's not like the board can decide '' by itself] , [ARG0 Mr. Sells] [rel said] 0 *T*-1 , [ARGM-ADV *-2 adding , `` we 're indifferent to -LRB- the Bass -RRB- plan] .
- [ARGM-DIS But] [ARG0 Mr. Schulte , the bondholders ' adviser ,] [rel said] [ARG1 0 Revco was dragging its feet in *-1 responding to the proposal] .
- `` [ARG1 They want *-2 to pretend 0 it does n't exist] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Schulte , who *T*-1 met with Acadia representatives on Oct. 10 ,] [rel said] , `` [ARG1 It 's certainly a responsible offer] .
- [ARG0 He] [rel said] [ARG1 0 he feared 0 a Revco reorganization might force bondholders to accept a `` cheap deal , '' and that the Bass group 's offer would give them more money] .
- The Revco bonds are high-yield , high-risk `` junk '' bonds ; [ARG1 holders have $ 750 million *U* in claims against Revco] , [ARG0 Mr. Schulte] [rel said] 0 *T*-1 .
- `` [ARG1 Demand from Japan is expected *-3 to continue *-4 strong , but not from other areas of the world into the first quarter of next year] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Another analyst] [rel said] [ARG1 that , if there was any concern , it was that a strike could encourage other walkouts in Chile] .
- [ARG0 Mr. Demler] [rel said] [ARG1 that stocks of copper in U.S. producers ' hands at the end of September were down 16,000 metric tons from August to 30,000 tons] .
- [ARG0 The reports , attributed * to the Colombian minister of economic development ,] [rel said] [ARG1 0 Brazil would give up 500,000 bags of its quota and Colombia 200,000 bags] , the analyst said 0 *T*-3 .
- [ARG1 The reports , attributed * to the Colombian minister of economic development , said 0 Brazil would give up 500,000 bags of its quota and Colombia 200,000 bags] , [ARG0 the analyst] [rel said] 0 *T*-3 .
- These reports were later denied *-2 by [ARG0 a high Brazilian official] , who *T*-1 [rel said] [ARG1 0 Brazil was n't involved in any coffee discussions on quotas] , the analyst said 0 *T*-3 .
- [ARG1 These reports were later denied *-2 by a high Brazilian official , who *T*-1 said 0 Brazil was n't involved in any coffee discussions on quotas] , [ARG0 the analyst] [rel said] 0 *T*-3 .
- The Colombian minister was said *-2 to have referred to a letter that [ARG0 he] [rel said] [ARG1 0 President Bush sent *T*-1 to Colombian President Virgilio Barco] , and in which President Bush said *T*-3 0 it *EXP*-4 was possible * to overcome obstacles to a new agreement .
- The Colombian minister was said *-2 to have referred to [ARGM-LOC a letter] that he said 0 President Bush sent *T*-1 to Colombian President Virgilio Barco , and in which [ARG0 President Bush] [rel said] *T*-3 [ARG1 0 it *EXP*-4 was possible * to overcome obstacles to a new agreement] .
- [ARG1 The Colombian minister] was [rel said] *-2 to have referred to a letter that he said 0 President Bush sent *T*-1 to Colombian President Virgilio Barco , and in which President Bush said *T*-3 0 it *EXP*-4 was possible * to overcome obstacles to a new agreement .
- [ARG0 The minister] was also quoted as *-2 [rel saying] [ARG1 that a new pact could be achieved *-1 during the first half of next year] , according to the analyst .
- [ARG1 Last week 's uncertainty in the stock market and a weaker dollar triggered a flight to safety] , [ARG0 he] [rel said] 0 *T*-1 , but yesterday the market lacked such stimuli .
- [ARG1 There was some profit-taking because prices for all the precious metals had risen to levels at which there was resistance to further advance *T*-2] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARGM-DIS Also] , [ARG1 the premiums paid * by the U.S. government on a purchase of copper for the U.S. Mint were lower than * expected , and acted as a price depressant] , [ARG0 analysts] [rel said] 0 *T*-1 .
- [ARG0 Louisiana-Pacific Corp.] [rel said] [ARG1 0 its board authorized the purchase of as many as five million of its common shares for employee stock plans and other general corporate purposes] .
- [ARG1 The Sept. 30 end of the federal fiscal year may have prodded contractors to get any behind-schedule road and bridge construction under way `` before the clock ran out] , '' [ARG0 Mr. Christie] [rel said] 0 *T*-1 , [ARGM-ADV *-2 referring to threatened 5 % across-the-board budget cuts] .
- [ARG1 A small decline in total construction for the entire year is possible if contracting for housing does n't increase in response to this year 's lower mortgage rates] , [rel said] 0 *T*-1 [ARG0 George A. Christie , vice president and chief economist of Dodge , the forecasting division of publisher McGraw-Hill Inc] .
- `` [ARG1 At the end of the third quarter , there was still no evidence of renewed home building in response to the midyear decline of mortgage rates] , '' [ARG0 Mr. Christie] [rel said] *T*-1 .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it lowered ratings on long-term debt of CS First Boston Inc. , the holding company of Wall Street giant First Boston Corp. , because of First Boston 's `` aggressive merchant banking risk '' in highly leveraged takeovers] .
- [ARG0 Moody 's] [rel said] [ARG1 0 its rating changes actions `` reflect CS First Boston 's aggressive merchant banking risk as well as the risk profile of its current merchant banking exposures] . ''
- [ARG0 It] [rel said] [ARG1 0 CS First Boston `` has consistently been one of the most aggressive firms in merchant banking '' and that `` a very significant portion '' of the firm 's profit in recent years has come from merchant banking-related business] .
- `` [ARG1 Moody 's believes that the uncertain environment for merchant banking could put pressure on CS First Boston 's performance] , '' [ARG0 the rating concern] [rel said] *T*-1 , [ARGM-ADV *-2 citing `` continued problems '' from the firm 's exposures to `` various Campeau-related firms '' and to Ohio Mattress] .
- `` [ARG1 These two exposures alone represent a very substantial portion of CS First Boston 's equity] , '' [ARG0 Moody 's] [rel said] *T*-1 .
- [ARGM-ADV In addition] , [ARG0 Moody 's] [rel said] [ARG1 0 it downgraded Financiere Credit Suisse-First Boston 's senior and subordinated Swiss debt to single-A-2 from single-A-1 and lowered Financiere CSFB N.V. 's junior subordinated perpetual Eurodebt , guaranteed * by Financiere Credit Suisse -- First Boston , to single-A-3 from single-A-2] .
- [ARG0 A spokesman for CS First Boston] [rel said] : `` [ARG1 We remain committed to a full range of businesses , including merchant banking] .
- And [ARGM-TMP Oct. 24] , [ARG0 Quotron] [rel said] [ARG1 0 it will market the automated trading system of broker-dealer Chapdelaine Government Securities Inc] .
- [ARG1 `` This action will continue *-1 to keep operating expenses in line '' with revenue] , [rel said] *T*-2 [ARG0 J. David Hann , president and chief executive officer of Los Angeles-based Quotron] .
- [ARG1 Quotron is n't profitable on Citicorp 's books because of the interest charges 0 the New York bank holding company incurred *T*-1 in *-3 buying the financial-data concern for $ 680 million *U*] , [rel says] 0 *T*-2 [ARG0 Ronald I. Mandle , analyst for Sanford C. Bernstein & Co] .
- [ARG1 The job cuts , 0 *T*-2 to be made *-1 in a number of areas at various job levels , are `` a streamlining of operations] , '' [ARG0 a spokeswoman] [rel said] 0 *T*-3 .
- [ARG1 The company has no immediate plans * to close any operations] , [ARG0 she] [rel said] 0 *T*-1 , but Quotron may subcontract some work that it has been doing *T*-2 in-house , including refurbishment and production of Quotron 1000 equipment used * in * delivering financial data .
- [ARG0 The spokeswoman] [rel said] [ARG1 0 the move is n't directly a response to Quotron 's loss of its two biggest customers , Merrill Lynch & Co. and American Express Co. 's Shearson Lehman Hutton Inc. , to Automated Data Processing Inc. earlier this year] .
- [ARGM-DIS But] [ARG0 some industry executives] [rel said] [ARG1 0 ABC , in anticipation of a four-game sweep , limited its losses by *-2 jacking up the number of commercials 0 it aired *T*-1 in the third and fourth games] .
- `` [ARG1 If it were an open market , we would have been in in 1983 or 1984] , '' [rel says] *T*-2 [ARG0 Eckhard Pfeiffer , who *T*-1 heads Compaq Computer Corp. 's European and international operations] .
- `` [ARG1 We have too many people in our home offices] , '' [rel says] *T*-1 [ARG0 Yoshio Hatakeyama , the president of the Japan Management Association] .
- [ARG0 Critics] [ARGM-DIS also] [rel say] [ARG1 0 American companies charge too much] .
- [ARG0 Japan 's FTC] [rel says] [ARG1 0 it is investigating Apple for *-1 allegedly discouraging retailers from *-2 discounting] .
- `` [ARG1 It *EXP*-2 may take five years * to break even in Japan] , '' [rel says] *T*-3 [ARG0 John A. Siniscal , who *T*-1 runs the Asia-Pacific office for McCormack & Dodge , a U.S. software company] .
- `` [ARG1 Computers here are used *-3 for data gathering] , '' [rel says] *T*-2 [ARG0 Roger J. Boisvert , who *T*-1 manages the integrated-technologies group in McKinsey & Co. 's Tokyo office] .
- [ARG1 Some Japanese operations , such as securities-trading rooms , may be ahead of their American counterparts] , [ARG0 he] [rel says] 0 *T*-1 , but `` basically , there 's little analysis done * on computers in Japan . ''
- `` [ARG1 I have no experience before with such sophisticated machinery] , '' [rel says] *T*-1 [ARG0 Matsuo Toshimitsu , a 66-year-old executive vice president of Japan Air Lines] , [ARGM-ADV *-2 explaining his reluctance before * accepting a terminal in his office this summer] .
- [ARGM-ADV While tens of thousands of software packages using the IBM standard are available in the U.S.] , [ARG0 they] [rel say] [ARG1 0 only about 8,000 are written *-1 for NEC] .
- `` [ARG1 Managers have long been those who *T*-1 supervise their subordinates so orders would be properly acted on *-3] , '' [ARG0 a spokesman] [rel says] *T*-2 .
- [ARG1 RU-486 `` probably represents a technical advance in an area where none is needed *-487 , or at least not very much *T*-1] , '' [rel said] 0 *T*-2 [ARG0 Phillip Stubblefield , president of the National Abortion Federation ,] at a reproductive health conference in 1986 .
- [ARG0 The merger agreement] [rel says] [ARG1 0 the buy-out group is entitled *-2 to be repaid *-1 $ 26.7 million *U* in fees for its investment bankers , Lazard Freres & Co. and Salomon Brothers Inc. , and its law firm , Paul Weiss Rifkind Wharton & Garrison] .
- [ARG0 Merrill] [ARGM-DIS also] [rel said] [ARG1 0 it is lobbying for significant regulatory controls on program trading , including tough margin -- or down-payment -- requirements and limits on price moves for program-driven financial futures] .
- [ARG0 Merrill] , [ARGM-LOC in a statement by Chairman William A. Schreyer and President Daniel P. Tully] , [rel said] [ARG1 0 index arbitrage `` has been clearly identified in the investing public 's mind as a contributing factor to excess market volatility , '' so Merrill wo n't execute such trades until `` effective controls '' are in place] .
- [ARGM-TMP Last Thursday] , [ARG0 PaineWebber Group Inc.] [ARGM-DIS also] [rel said] [ARG1 0 it would cease index arbitrage altogether] , but the firm was n't as big an index arbitrager as Merrill is *?* .
- [ARG1 Index arbitrage] , [ARG0 Mr. Carpenter] [rel said] 0 *T*-1 [ARGM-TMP last week] , does n't have a `` negative impact on the market as a whole '' and Kidder 's customers were `` sophisticated '' enough * to know that .
- [ARGM-DIS But] [ARGM-TMP yesterday] , [ARG0 Mr. Carpenter] [rel said] [ARG1 0 big institutional investors , which he would n't identify *T*-2 , `` told us 0 they would n't do business with firms '' that *T*-1 continued *-3 to do index arbitrage for their own accounts] .
- `` [ARG1 We were following the trend of our competitors who *T*-1 were under pressure from institutions] , '' [ARG0 he] [rel said] *T*-2 .
- But at least one chief executive said 0 he called Mr. Welch *-1 to complain about Kidder 's aggressive use of program trading , and [ARG0 other market sources] [rel said] [ARG1 0 they understood that Mr. Welch received many phone calls complaining about Kidder 's reliance on index arbitrage as a major business] .
- [ARGM-DIS But] [ARG0 at least one chief executive] [rel said] [ARG1 0 he called Mr. Welch *-1 to complain about Kidder 's aggressive use of program trading] , and other market sources said 0 they understood that Mr. Welch received many phone calls complaining about Kidder 's reliance on index arbitrage as a major business .
- `` [ARG1 Our decision had nothing 0 * to do *T*-1 with any pressure 0 Mr. Welch received *T*-2] , '' [ARG0 Mr. Carpenter] [rel said] *T*-3 .
- [ARG0 A spokeswoman for GE in Fairfield , Conn. ,] [rel said] , `` [ARG1 Absolutely no one spoke to Jack Welch on this subject] '' and added , `` Anyone who *T*-1 claims 0 they talked to Jack Welch is n't telling the truth . ''
- [ARG0 Merrill] [rel said] [ARG1 0 it continues *-1 to believe that `` the causes of excess market volatility are far more complex than any particular computer trading strategy] .
- [ARG1 The specialists] , [ARG0 a trader] [rel said] 0 *T*-1 , were `` livid '' about Mr. Phelan 's recent remarks that sophisticated computer-driven trading strategies are `` here *-2 to stay . ''
- [ARG1 Merrill 's index arbitragers will continue *-1 to do other kinds of computer-assisted program trading , so there probably wo n't be any layoffs at the firm] , [ARG0 people familiar with Merrill 's program operation] [rel said] 0 *T*-2 .
- [ARGM-DIS Meanwhile] , [ARG0 Bear Stearns Chairman and Chief Executive Alan C. Greenberg] [rel said] [ARG1 0 his firm will continue stock-index arbitrage for its clients] .
- `` [ARG1 If they think 0 they are going *-2 to stop index arbitrage by *-3 causing a few Wall Street firms to quit , they are crazy] , '' [ARG0 Mr. Greenberg] [rel said] *T*-1 .
- [ARG0 Mr. Greenberg] , [ARGM-ADV *-1 noting that stock-index arbitrage rises and ebbs with stock market 's volatility] , [rel said] [ARG1 that for the first four months of the firm 's fiscal year beginning in July , stock-index arbitrage had been a `` break-even '' proposition for Bear Stearns] .
- [ARG0 A Fidelity spokesman in Boston] denied the speculation , *-1 [rel saying] [ARG1 0 the program-trading issue was more of a regulatory problem] .
- [ARGM-DIS But] [ARG0 a much smaller mutual fund company , the USAA Investment Management Co. unit of USAA , San Antonio , Texas ,] [rel said] [ARG1 0 it informed nine national brokerage firms 0 it will cease business with them unless they stop index-arbitrage trading] .
- [ARG0 He] [rel said] [ARG1 0 there is `` no valid investment reason '' 0 for stock-index futures to exist *T*-1] .
- [ARG0 Charles Wohlstetter , chairman of Contel , who *T*-2 is helping organize the alliance of Big Board-listed firms ,] [rel said] [ARG1 0 he had no time 0 * to work *T*-3 yesterday because he received so many phone calls , faxes and letters supporting his view that the Big Board has been turned *-1 into a `` gambling casino '' by program traders] .
- `` [ARG1 We are reaching the moment of truth '' on Wall Street] , [rel said] 0 *T*-1 [ARG0 Rep. Edward J. Markey -LRB- D. , Mass. -RRB- , chairman of the House subcommittee on telecommunications and finance] .
- `` -LCB- Wall Street -RCB- is beginning *-1 to realize -- as [ARG0 Shakespeare] [rel said] -- [ARG1 0 the trouble is not in our stars , but in ourselves] . ''
- [ARG0 A Big Board spokesman] [ARGM-MOD would] [ARGM-ADV only] [rel say] , `` [ARG1 We 're working the problem and looking at the issue and meeting with a broad number of customers and constituents *-1 to get their views and ideas on the issue] . ''
- The program-trading outcry was taken *-1 to a new level when [ARG0 giant Contel Corp.] [rel said] [ARG1 0 it and 20 or more of the Big Board 's listed companies are forming an unprecedented alliance *-3 to complain about the exchange 's role in program trading] *T*-2 .
- [ARG0 Chief Inspector Peter Seacomb of the Criminal Investigation Department at the airport] [rel said] , `` [ARG1 It *EXP*-1 is not uncommon for property to be temporarily mislaid or misrouted *-2] . ''
- [ARG0 Ford Motor Co.] [rel said] [ARG1 0 it is recalling about 3,600 of its 1990-model Escorts because the windshield adhesive was improperly applied *-1 to some cars] .
- [ARGM-ADV Separately] , [ARG0 Ford and Mazda Motor Corp. 's U.S. sales arm] [rel said] [ARG1 0 they are recalling about 88,500 1988-model Mercury Tracers and 220,000 1986 , 1987 and 1988 model Mazda 323s equipped * with 1.6-liter fuel-injected engines *-1 to replace the oil filler cap] .
- [ARG0 Ford] [rel said] [ARG1 0 the term on its warranty is already six years or 60,000 miles] .
- [ARGM-ADV Separately] , [ARG0 Ford] [rel said] [ARG1 0 it will offer $ 750 *U* cash rebates to buyers of its 1990-model Ford Bronco sport utility vehicle] .
- [ARG0 It] [rel said] [ARG1 0 it will also offer buyers the option of financing as low as 6.9 % on 24-month loans] .
- [ARG0 Ford] [rel said] [ARG1 0 the new offer will begin Saturday and run indefinitely] .
- [ARG1 As a result of the adhesive problem on the Ford Escort subcompacts , windshields may easily separate from the car during frontal impact] , [ARG0 the U.S. auto maker] [rel said] 0 *T*-1 .
- [ARG0 A Ford spokesman] [rel said] [ARG1 0 the Dearborn , Mich. , auto maker is n't aware of any injuries caused * by the windshield problem] .
- [ARG0 Ford] [rel said] [ARG1 0 owners should return the cars to dealers so the windshields can be removed *-1 and securely reinstalled *-1] .
- [ARG0 Mazda and Ford] [rel said] [ARG1 0 a combination of limited crankcase ventilation and improper maintenance could cause engine oil in some of the Mercury Tracers and Mazda 323s to deteriorate more rapidly than normal , * causing increased engine noise or reduced engine life] .
- [ARG0 They] [rel said] [ARG1 0 the problems are n't safety related] .
- [ARG0 The appeals court] [rel said] [ARG1 0 there was no evidence that Congress intended *-1 to allow the pension agency to consider a company 's creation of new benefit plans as a basis for * ordering that company *-2 to reassume liability for old plans] .
- [ARG0 The appeals court] [ARGM-DIS also] [rel said] [ARG1 0 the agency had *-1 to consider a company 's long-term ability * to fund pension plans , not just short-term improved financial status] .
- [ARGM-LOC In Dallas] , [ARG0 LTV] [rel said] [ARG1 that it was disappointed *-1 that the court agreed *-2 to hear the case because it believes 0 the move will further delay its Chapter 11 proceedings] .
- [ARGM-DIS But] [ARG0 LTV , a steel , aerospace and energy concern ,] [rel said] [ARG1 0 it is confident that the Supreme Court will uphold the lower-court decisions] and said 0 it expects *-2 to continue discussions with the agency about a settlement while the case is being reviewed *-1 .
- [ARGM-DIS But] [ARG0 LTV , a steel , aerospace and energy concern ,] said 0 it is confident that the Supreme Court will uphold the lower-court decisions and [rel said] [ARG1 0 it expects *-2 to continue discussions with the agency about a settlement while the case is being reviewed *-1] .
- [ARGM-LOC In its appeal to the high court] , [ARG0 the agency] [rel said] [ARG1 the federal appeals court ruling , which *T*-1 favored LTV , threatened *-2 to transform the agency from an insurer of troubled pension plans into an `` open-ended source of industry bailouts] . ''
- [ARGM-DIS Still] , [ARG0 he] [rel says] [ARG1 that only a few of the quake-related campaigns have been `` tasteless '' and that `` the majority have been truly beneficial to the people who *T*-1 need the help] .
- Burger King 's chief executive officer , Barry Gibbons , stars in [ARG0 ads] [rel saying] [ARG1 that the fast-food chain will donate 25 cents to the Red Cross for every purchase of a BK Doubles hamburger] .
- [ARG1 Please * contribute what you can *?* *T*-1] , '' [ARG0 the ad] [rel said] *T*-2 .
- [ARG1 The campaign , which *T*-1 started last week and runs through Nov. 23 , with funds earmarked * for both the quake and Hugo , `` was Barry 's idea , ''] [ARG0 a spokeswoman] [rel says] 0 *T*-2 .
- `` [ARG1 The World Series is brought *-4 to you by Lexus , who *T*-1 urges you *-2 to help *-5 relieve the suffering caused * by the recent earthquake] ... , '' [ARG0 the game announcer] [rel said] *T*-3 .
- But [ARG1 she has no problem with that] , [ARG0 she] [rel says] 0 *T*-1 : `` In the meanwhile , they 're helping us . ''
- [ARGM-DIS But] [ARGM-LOC in its ruling last April] , [ARG0 the New York court] [rel said] [ARG1 that all producers of the anti-miscarriage drug should share liability when the manufacturer of a specific dose ca n't be determined *-1 *T*-2] .
- [ARGM-LOC In that decision] , [ARG0 the high court] [rel said] [ARG1 0 a company must prove that the government approved precise specifications for the contract , that those specifications were met *-1 and that the government was warned *-2 of any dangers in use of the equipment] .
- [ARG0 The appeals court] [rel said] [ARG1 0 the defense is valid only if federal officials did more than * rubber stamp a company 's design or plans and engaged in a `` substantive review and evaluation '' on a par with a policy decision] .
- [ARG0 Paul Rheingold , a New York lawyer who *T*-1 represents DES victims ,] [rel said] [ARG1 that before the New York ruling , only the states of Washington and Wisconsin had followed the California decision] .
- `` [ARG1 Generally , when New York and California go one way *T*-2 , it has a tremendous influence on other states , especially small ones] , '' [rel said] *T*-1 [ARG0 Mr. Rheingold] .
- Conservatives are [ARG0 the faction] in U.S. politics which *T*-1 [ARGM-TMP always] [rel said] [ARG1 that Mr. Ortega and his friends do n't want *-2 to hold an election in Nicaragua] .
- Liberals are the faction that *T*-1 says , * Give peace a chance ; [ARGM-TMP now] [ARG0 they] are [rel saying] [ARG1 0 Mr. Ortega should give them a break] , [ARGM-CAU lest the conservatives ask them *-2 to vote for bullets instead of bandages] .
- Liberals are [ARG0 the faction] that *T*-1 [rel says] , [ARG1 * Give peace a chance] ; now they are saying 0 Mr. Ortega should give them a break , lest the conservatives ask them *-2 to vote for bullets instead of bandages .
- [ARG0 Cetus Corp.] [rel said] [ARG1 0 the government of Spain approved the marketing of its Proleukin interleukin-2 drug 0 *T*-1 to treat kidney cancer] .
- [ARG0 The biotechnology concern] [rel said] [ARG1 0 Spanish authorities must still clear the price for the treatment , but that it expects *-1 to receive such approval by year end] .
- [ARGM-LOC In recent testimony on Capitol Hill] , [ARG0 Treasury officials] [rel said] [ARG1 0 they were considering the new reporting requirements] , and the expected publication of the proposal in the Federal Register today is the first official step toward * creating final regulations .
- [ARG0 Western Union Corp.] took steps *-1 to withdraw its proposed debt swap for $ 500 million *U* in high-interest notes and [rel said] [ARG1 0 it is looking at other alternatives for * refinancing the debt] .
- Western Union must make $ 48 million *U* in interest payments on the reset notes on Dec. 15 , and [ARG0 a company spokesman] [rel said] [ARG1 0 it fully intends *-1 to meet the payments] .
- But [ARG0 Western Union] has [rel said] [ARG1 0 it must lower the interest rate on its debt *-1 to regain full financial health] .
- [ARG0 Western Union] had [rel said] [ARGM-TMP two weeks ago] [ARG1 that it might withdraw the pending offer , which *T*-1 would have replaced $ 500 million *U* in so-called reset notes , now paying 19.25 % annual interest and set * to come due in 1992 , with two new issues paying lower interest] .
- [ARGM-TMP Yesterday] [ARG0 the company] [rel said] [ARG1 0 it had filed a request *ICH*-1 with the Securities and Exchange Commission * to withdraw the registration statement regarding the proposed swap] .
- [ARG0 A Western Union spokesman] , *-3 citing adverse developments in the market for high-yield `` junk '' bonds , declined *-3 to [rel say] [ARG1 what alternatives *T*-2 are under consideration] .
- [ARG1 The major question] , [rel said] 0 *T*-2 [ARG0 one holder who *T*-1 asked *-3 not to be named *-4] , is whether New York investor Bennett S. LeBow , whose Brooke Partners *T*-5 controls Western Union , is willing *-6 to offer a large enough equity stake * to entice bondholders into *-7 agreeing to a new swap .
- [ARG0 Genentech Inc.] [rel said] [ARG1 0 the West German distributor of its heart drug TPA reached a joint marketing agreement with a subsidiary of Hoechst AG , which *T*-1 makes the rival anti-clotting agent streptokinase] .
- [ARG0 The biotechnology concern] [rel said] [ARG1 0 the agreement between its longtime West German distributor , Boehringer-Ingleheim 's Dr. Karl Thomae G.m.b.H. subsidiary , and Hoechst 's Behringwerke subsidiary was an attempt * to expand the market for blood-clot drugs in general] .
- [ARG0 A Genentech spokeswoman] [rel said] [ARG1 0 the agreement calls for Hoechst to promote TPA for heart patients and streptokinase for other clot-reducing purposes] .
- [ARG1 Tax-loss sellers , those investors who *T*-1 sell loss-making stocks so they can deduct their losses from this year 's income , are also getting out] , [ARG0 Mr. Mills] [rel said] 0 *T*-2 .
- `` [ARG1 The stocks that *T*-1 have been the best are having big pullbacks , and the ones that *T*-2 have been the worst are getting clobbered *-4] , '' [ARG0 Mr. Mills] [rel said] *T*-3 .
- `` [ARG1 We are advising a lot of our clients *-2 to make moves that *T*-1 make sense to them , rather than *-4 waiting until the last minute , because things have been so volatile] , '' [rel said] *T*-3 [ARG0 William Sulya , head of OTC trading at A.G. Edwards & Sons in St. Louis] .
- [ARG0 Ralph Costanza , head of the OTC trading department at Smith Barney , Harris Upham ,] [rel said] [ARG1 0 many market players are awaiting some resolution of the current debate over program trading] .
- [ARG0 Ratners and Weisfield 's] [rel said] [ARG1 0 they expect *-1 to sign definitive agreements shortly and to complete the transaction by Dec. 15] .
- Mid-State Federal Savings Bank advanced 1 1\/2 to 20 1\/4 after [ARG0 it] [rel said] [ARG1 0 it is in talks with a possible acquirer] .
- [ARG0 The bank] [rel said] [ARG1 0 the talks resulted from solicitations by its financial adviser] .
- [ARG0 Daimler] [rel said] [ARG1 0 it has had talks with Jaguar about possible joint ventures] .
- [ARG0 The bank] [ARGM-DIS also] [rel said] [ARG1 0 it will establish a loan-loss reserve of $ 2.5 million to $ 4 million *U* against a construction loan that *T*-1 is in default] .
- [ARG0 The bank , which *T*-1 previously said 0 it was for sale ,] [rel said] [ARG1 0 it has received no offers and that its board will review whether * to continue *-2 soliciting bids] .
- [ARG0 The bank] , which *T*-1 [ARGM-TMP previously] [rel said] [ARG1 0 it was for sale] , said 0 it has received no offers and that its board will review whether * to continue *-2 soliciting bids .
- [ARG0 He] [rel said] [ARG1 0 many portfolio managers , whose year-end bonuses *T*-2 are tied *-1 to annual performance , are selling now rather than *-3 risk seeing their gains erode further] .
- `` [ARG1 The profit locking-in is definitely going on] , '' [rel said] *T*-2 [ARG0 Mr. Mills , whose firm *T*-1 manages $ 600 million *U* for Boston Co] .
- [ARG0 Scientists] [rel say] [ARG1 0 the discovery of these genes in recent months is painting a new and startling picture of how cancer develops *T*-1] .
- `` [ARG1 It made our New Year] , '' [rel says] *T*-1 [ARG0 Mr. Quinlan] .
- `` [ARG1 It turns out that * studying a tragic but uncommon tumor made possible some fundamental insights about the most basic workings of cancer] , '' [rel says] *T*-1 [ARG0 Samuel Broder , director of the National Cancer Institute] .
- [ARG0 Researchers] [rel say] [ARG1 0 the inactivation of tumor-suppressor genes , alone or in combination , appears crucial to the development of such scourges as cancer of the brain , the skin , kidney , prostate , and cervix] .
- `` [ARG1 It 's a super-exciting set of discoveries] , '' [rel says] *T*-2 [ARG0 Bert Vogelstein , a Johns Hopkins University researcher who *T*-1 has just found a gene pivotal to the triggering of colon cancer] .
- `` [ARG1 It was extraordinarily satisfying] , '' [rel says] *T*-1 [ARG0 Dr. Knudson , now at Fox Chase Cancer Research Center in Philadelphia] .
- `` [ARG1 It was the confirming evidence *ICH*-2 0 we all needed *T*-1 that -LCB- gene -RCB- losses were critical to the development of a common tumor] , '' [rel says] *T*-3 [ARG0 Ray White at Howard Hughes Medical Institute in Salt Lake City] .
- [ARGM-DIS But] [ARG0 Mr. Levine] had [rel said] [ARG1 0 the p53 gene caused cancer by *-2 promoting growth , whereas the Johns Hopkins scientists were looking for a gene that *T*-1 suppressed growth] .
- [ARG1 The discovery `` suddenly puts an obscure gene right in the cockpit of cancer formation] , '' [rel says] 0 *T*-1 [ARG0 Robert Weinberg , a leader in cancer-gene research at Whitehead Institute in Cambridge , Mass] .
- [ARG0 The scientists] [rel say] [ARG1 that since breast cancer often strikes multiple members of certain families , the gene , when * inherited in a damaged form *T*-1 , may predispose women to the cancer] .
- [ARGM-LOC In a report out last week] , [ARG0 John Minna and colleagues at the National Cancer Institute] [rel say] [ARG1 that about half the cells taken * from lung cancer tissue 0 they tested *T*-1 are missing this gene] .
- [ARG0 Some researchers] [rel say] [ARG1 0 new cancer drugs 0 *T*-1 to slow or reverse tumor growth may be based *-2 on the suppressor proteins normally produced * by the genes] .
- [ARG0 A company official] [rel says] [ARG1 0 Michael 's break-even volume on Easy Eggs is around 60 million pounds a year -- apparently well above current shipments and a far cry from what the company once suggested 0 *T*-1 was a billion-pound market waiting for such a product] .
- `` [ARG1 The stock , in my opinion , is going *-2 to go lower , not only because of disappointing earnings but -LCB- because -RCB- the credibility gap is certainly not closing] , '' [rel says] *T*-1 [ARG0 L. Craig Carver of Dain Bosworth] .
- [ARG0 Mr. Carver] [rel says] [ARG1 that at a recent Dain-sponsored conference in New York , he asked Michael 's chief executive officer if the fourth quarter would be down] .
- [ARG0 A spokesman] [rel said] [ARGM-TMP later] [ARG1 that Mr. Olson was being `` conservative '' in his estimate] .
- [ARG1 Earnings] are n't keeping pace , [ARG0 he] [rel says] 0 *T*-1 , because of heavy investments in the egg technologies and drought-related costs in its potato business .
- [ARG0 Company President Steve Papetti] [rel says] [ARG1 0 Marriott will be among his clients as well] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 New York-based short seller Mark Cohodes] , `` In my mind this is a $ 7 *U* stock . ''
- Company lawyers recently sent [ARG0 letters] to growers * [rel saying] [ARG1 that Michael `` would take very seriously any effort ... * to divert its contracted-for potatoes to other outlets] . ''
- Michael wo n't confirm the identities of any Easy Egg customers , nor [ARGM-MOD will] [ARG0 it] [rel say] [ARG1 much of anything else] .
- But at least [ARG0 Burger King] has signed on , and [rel says] [ARG1 that by year end it wo n't be using any shell eggs] .
- [ARG0 Mr. Peladeau] [rel says] [ARG1 0 he is n't trying *-2 to catch up to Donnelley , which *T*-1 has annual sales of over $ 3 billion *U*] .
- `` [ARG1 Size does n't matter] , '' [ARG0 Mr. Peladeau] [rel says] *T*-1 .
- [ARG1 The venture cost Quebecor $ 12 million *U*] , [ARG0 Mr. Peladeau] [rel says] 0 *T*-1 .
- [ARG0 Pierre-Karl Peladeau , the founder 's son and the executive in charge of the acquisition ,] [rel says] [ARG1 0 Quebecor has n't decided how it will finance its share of the purchase *T*-1] , but he says 0 it most likely will use debt .
- Pierre-Karl Peladeau , the founder 's son and the executive in charge of the acquisition , says 0 Quebecor has n't decided how it will finance its share of the purchase *T*-1 , but [ARG0 he] [rel says] [ARG1 0 it most likely will use debt] .
- [ARGM-TMP Now] , [ARG0 Maxwell founder Robert Maxwell] [rel says] [ARG1 0 he has an appetite for new acquisitions in the U.S.] , [ARGM-ADV *-1 adding that he could spend `` a good deal more '' than $ 1 billion *U* on another U.S. purchase] .
- [ARG0 Analysts] [rel say] [ARG1 0 Quebecor 's purchase is part of a trend toward consolidation in the North American printing industry] .
- [ARG1 Along with Donnelley] , [rel says] 0 *T*-1 [ARG0 Jacques Massicotte , an analyst with Nesbitt Thomson Deacon Inc. in Montreal] , `` Quebecor has positioned itself as one of the two key players . ''
- [ARG0 G.D. Searle & Co.] [rel said] [ARG1 0 the Food and Drug Administration approved the sale of Kerlone , a hypertension drug developed * by a joint venture between Searle and a French concern] .
- [ARG0 Searle , a unit of Monsanto Co. ,] [rel said] [ARG1 0 the `` beta-blocker '' high-blood-pressure drug Kerlone is the first product 0 *T*-1 to reach the market through Lorex Pharmaceuticals , the U.S. company jointly owned * by Searle and Synthelabo , a French pharmaceutical concern owned * by France 's L'Oreal S.A] .
- [ARG1 Most New York judges are elected *-1 , and the federal age-discrimination law does n't apply to elected officials] , [rel said] 0 *T*-2 [ARG0 James L. Lee , regional attorney for the EEOC in New York] .
- [ARGM-DIS But] [ARG0 she] [rel said] [ARG1 0 the state currently has 35 appointed judges who *T*-1 are over 70] .
- [ARG0 He] [rel said] [ARG1 0 the state has 165 appointed judges and 15 `` trial referees , '' who *T*-1 are former judges over age 70 and serve a restricted role on the bench] .
- [ARG0 He] [rel says] [ARG1 0 the strike-force lawyers will work more efficiently under the supervision of U.S. attorneys] .
- [ARG0 Opponents] [rel say] [ARG1 0 Mr. Thornburgh 's plan will needlessly break up longtime , tightly knit crime-fighting units that *T*-1 have successfully prosecuted major organized-crime figures] .
- [ARG0 Some former strike-force personnel] [rel say] [ARG1 0 the units have already begun *-1 to break up] .
- [ARG1 The Eastern District unit in Brooklyn , N.Y. , lost seven of its 15 attorneys this year partly because the lawyers were troubled *-1 by the proposed reorganization] , [rel says] 0 *T*-3 [ARG0 Laura A. Brevetti , who *T*-2 left the strike force *-4 to join Morrison Cohen Singer & Weinstein , a New York law firm] .
- `` [ARG1 Those who *T*-1 have left have expressed an opinion that the strike force should continue] , '' [ARG0 Ms. Brevetti] [rel says] *T*-2 .
- [ARG0 He] [rel says] [ARG1 0 27 lawyers have left and 21 have been hired *-1 since Mr. Thornburgh announced his plan] .
- [ARG0 A spokesman for Sen. Edward M. Kennedy -LRB- D. , Mass . -RRB-] [rel says] [ARG1 0 Mr. Thornburgh would be required *-2 to reinstate the units next year if an proposed omnibus crime bill is passed *-1] .
- [ARG1 The Senate is expected *-1 to consider the bill shortly] , [rel says] 0 *T*-2 [ARG0 the senator 's spokesman] .
- [ARG0 Mr. Runkel] [rel says] [ARG1 0 he doubts 0 Mr. Kennedy can muster enough congressional support * to reorganize the Justice Department] .
- `` [ARG1 We will vigorously oppose the bill] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Whitman & Ransom managing partner Maged F. Riad] [rel said] [ARG1 0 the Golenbock recruits will enhance the firm 's corporate and litigation departments] .
- [ARG0 Kelly Siegler , an assistant district attorney who *T*-1 was in the courtroom ,] disputed suggestions 0 the action was sexist , *-2 [rel saying] [ARG1 0 she had seen Judge Hancock turn away male defendants dressed * in shorts , tank tops or muscle shirts `` many times] . ''
- [ARG0 Justice Rubin , a state judge since 1969 ,] [rel said] [ARG1 0 the mandatory-retirement age hurts the court system because it deprives the state of experienced judges still capable of * serving on the bench] .
- [ARG1 The issue is one of a judge 's experience , his competence and his physical ability * to serve on the bench] , '' [ARG0 Justice Rubin] [rel said] *T*-1 .
- [ARG1 Such a dual role would be `` impractical and unethical] , '' [ARG0 Warner] [rel said] 0 *T*-1 , [ARGM-ADV *-2 adding , `` that concept is as silly as * suggesting that the head coach of the Los Angeles Dodgers could simultaneously be general manager of the San Francisco Giants] . ''
- [ARG0 Warner , which *T*-2 is in the process of * being acquired *-1 by New York-based Time Warner Inc. ,] [ARGM-DIS also] [rel said] [ARG1 0 it paid the two producers a fixed annual salary of $ 3 million *U*] .
- Warner was referring to documents filed * last week in which [ARG0 Sony Corp. of America Vice Chairman Michael Schulof and Walter Yetnikoff , president of its CBS Records unit ,] [rel said] [ARG1 0 they had taken Mr. Guber and Mr. Peters at their word when the producers told them that * getting out of the contract would be no problem because of a previous oral agreement *T*-2] *T*-1 .
- [ARG0 Wayne Smith , an attorney at Gibson , Dunn & Crutcher in Los Angeles representing Sony ,] [rel said] [ARG1 0 the Sony executives had n't seen the contract because `` it was n't relevant once Guber and Peters told them 0 Warner would let them terminate it at any time] . ''
- [ARG0 Mr. Smith] [rel said] [ARG1 0 statements about the contract made * in SEC filings were made *-1 by attorneys who *T*-2 did have access to the contracts but who *T*-3 were n't part of the negotiations between Sony and the duo] .
- [ARGM-DIS But] [ARG0 Mr. Smith] [rel said] [ARG1 0 Sony intends *-1 to prove that the oral agreement did in fact exist , and that even the existing written contract does n't preclude the producers from *-2 taking executive posts at another studio] .
- [ARG0 Dataproducts Inc.] [rel said] [ARG1 0 it filed a lawsuit in Delaware Chancery Court *-1 to block a tender offer by DPC Acquisition Partners , *-1 alleging that the hostile offer violates a standstill agreement between the two concerns] .
- Earlier this year , [ARG0 Dataproducts] had rejected a $ 15 *U* a share offer from DPC , *-1 [rel saying] [ARG1 0 it was n't adequately financed *-2] .
- [ARG0 DPC] [rel said] [ARG1 0 it could n't comment on the suit] .
- `` [ARG1 It 's not a pretty picture] , '' [rel said] *T*-1 [ARG0 David Smith , an analyst with Raymond James & Associates] .
- Phillip Brannon of Merrill Lynch Capital Markets added : `` [ARG0 You] do n't want *-1 to minimize this and [rel say] [ARG1 0 nobody is looking at it] .
- [ARG0 Doug Hammond , the federal mediator in Seattle , where Boeing is based *-1 *T*-2 ,] [rel said] [ARG1 0 the parties will continue *-3 to sit down daily until a new settlement proposal emerges or the talks break off again] .
- [ARGM-LOC In a separate matter] , [ARG0 the Justice Department] yesterday [rel said] [ARG1 0 Boeing agreed *-1 to pay the government $ 11 million *U* *-2 to settle claims that the company provided inaccurate cost information to the Air Force while *-3 negotiating contracts * to replace the aluminum skins on the KC-135 tanker aircraft] .
- [ARG1 The settlement relates to four contracts negotiated * from 1982 to 1985] , [ARG0 prosecutors] [rel said] 0 *T*-1 .
- A Boeing spokesman responded : `` [ARGM-TMP All along] [ARG0 the company] has [rel said] [ARG1 0 there was no grounds for criminal prosecution] .
- [ARG0 Industry sources] [rel said] [ARG1 0 they expect a fierce battle *ICH*-4 to emerge between TransCanada , which *T*-1 has a monopoly on Canadian gas transportation east of Alberta , and Nova and Westcoast , which *T*-2 control the pipelines within *RNR*-3 and running west of *RNR*-3 Alberta , respectively] .
- `` [ARG1 This is virgin territory , unclaimed , and it 's going *-3 to be nasty] , '' [rel said] *T*-4 [ARG0 one observer , who *T*-2 asked *-5 not to be named *-1] .
- [ARGM-DIS But] [ARGM-TMP last week] [ARG0 Gerald Maier , president and chief executive officer of TransCanada ,] [rel said] [ARG1 0 the company `` intends *-2 to be a party to any transportation system that *T*-1 goes up there '' and that it would consider joint ventures with other players *-3 to ensure 0 it has a role] .
- [ARG0 Kent Jesperson , president of Foothills ,] [rel said] [ARG1 0 the company believes 0 the project would be viable if gas prices reach US$ 3.25 *U* a thousand cubic feet by 1995 , in current dollars , up from a current spot price of about US$ 1.50 *U*] .
- Mr. Jesperson 's US$ 3.25 *U* estimate is somewhat below [ARG1 the $ 3.39 *U* floor price] that [ARG0 Calgary-based consulting firm Paul Ziff & Co.] [ARGM-TMP recently] [rel said] 0 *T*-2 would be needed *-1 for Mackenzie delta gas producers to see a return on their investment .
- `` [ARG1 This is a pre-emptive strike by Foothills] , '' [rel said] *T*-1 [ARG0 Rick Hillary , natural gas manager of the Calgary-based Independent Petroleum Association of Canada , an industry group] .
- [ARG0 Robert Pierce , chairman and chief executive of Foothills ,] [rel said] [ARG1 0 it 's too early * to say whether Alaskan or Mackenzie delta gas would flow to market first] .
- Robert Pierce , chairman and chief executive of Foothills , said 0 it 's too early [ARG0 *] to [rel say] [ARG1 whether Alaskan or Mackenzie delta gas would flow to market first] .
- [ARGM-DIS But] [ARG0 Foothills] [rel said] [ARG1 0 it plans *-1 to seek regulatory approval * to build an alternative line , the Alaska Natural Gas Transportation System further north toward Alaska] .
- [ARGM-ADV If that option is favored *-1 by gas buyers and regulators] , [ARG0 Foothills] [rel said] [ARG1 0 it would build another smaller pipeline connecting Mackenzie Delta reserves to the Alaska mainline] .
- [ARG0 Interprovincial Pipe Line Co. , an oil pipeline operator rumored * to be mulling a gas pipeline proposal of its own ,] [rel said] [ARG1 0 that is n't in the cards] .
- [ARGM-DIS Instead] , [ARG0 Richard Haskayne , president and chief executive of Interprovincial 's Calgary-based parent , Interhome Energy Inc. ,] [rel said] [ARG1 0 the company would prefer *-1 to work with other `` interested parties '' on a joint proposal] .
- [ARGM-ADV As for Foothills ' pre-emptive bid] , [ARG0 Mr. Haskayne] [rel said] , `` [ARG1 If they think 0 it gives them some kind of priority position , well , that 's their strategy] .
- `` [ARG1 Foothills wants *-1 to make it *EXP*-3 clear to other pipeline companies that it 's on first insofar as * transporting gas from the Arctic to southern markets] , '' [ARG0 Mr. Hillary] [rel said] *T*-2 .
- `` [ARG1 The -LCB- National Energy Board -RCB- approval of the exports just waved the starting flag for the next stage , the rush * to build facilities 0 *T*-1 to transport the gas] , '' [rel said] *T*-2 [ARG0 Bill Koerner , an analyst with Brady & Berliner , a Washington , D.C. , law firm] .
- [ARG0 The Federal Reserve Board] [rel said] [ARG1 0 it is delaying approval of First Union Corp. 's proposed $ 849 million *U* acquisition of Florida National Banks of Florida Inc. , pending the outcome of an examination into First Union 's lending practices in low-income neighborhoods] .
- [ARG0 It] [rel said] [ARGM-TMP yesterday] [ARG1 0 it still expects *-1 to close the acquisition later this year or early in 1990] .
- [ARGM-TMP At the time] , [ARG0 the Fed] [rel said] [ARG1 0 the denial , the first ever on such grounds , signaled the agency 's new emphasis on the Community Reinvestment Act] .
- [ARG0 The petition] challenged First Union 's lending record in the state , *-2 [rel saying] [ARG1 that the bank-holding company had `` shut itself off from contact with the low-income community and is redlining almost every black neighborhood that it serves *T*-1 in the state] . ''
- [ARG0 The Fed] [rel said] [ARG1 0 the Comptroller of the Currency is expected *-1 to begin a Community Reinvestment Act examination of First Union 's Florida and North Carolina banking units in the next two weeks] .
- [ARG0 First Union , with assets of about $ 32 billion *U* ,] [rel said] [ARG1 0 it was disappointed *-1 by the delay] but said 0 it would cooperate with regulatory authorities .
- [ARG0 First Union , with assets of about $ 32 billion *U* ,] said 0 it was disappointed *-1 by the delay but [rel said] [ARG1 0 it would cooperate with regulatory authorities] .
- [ARG1 In a meeting in New York yesterday , the committee put on hold instructions *ICH*-1 0 it gave *T*-2 two weeks ago to its experts * to explore other options for Eastern 's future] , [ARG0 the sources] [rel said] 0 *T*-3 .
- [ARG0 Ernst & Young] [rel said] [ARG1 0 Eastern 's plan would miss projections by $ 100 million *U*] .
- [ARG0 Goldman] [rel said] [ARG1 0 Eastern would miss the same mark by at least $ 120 million *U*] .
- [ARG0 He] [rel said] [ARGM-ADV only] [ARG1 that the committee has not yet taken any position on Eastern 's reorganization plan and that the two sides were still negotiating] .
- `` [ARG1 In every case , people would like *-1 to see a consentual plan] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 Texas Air has run into difficulty * reselling about $ 20 million *U* of debt securities because of problems in the junk bond market] , [ARG0 the person] [rel said] 0 *T*-1 .
- [ARG1 And plans * to raise another $ 20 million *U* through changes to an insurance policy have hit a snag] , [ARG0 the source] [rel said] 0 *T*-1 .
- [ARG0 An Eastern spokesman] [rel said] `` [ARG1 the $ 40 million *U* will have no effect whatsoever on the asset structure of Eastern 's plan] .
- [ARG0 Allianz] [rel said] [ARG1 0 it won French government approval * to buy as much as one-third of Navigation Mixte , a diversified financial , transport and food holding company] .
- [ARG1 Lately] , [ARG0 analysts] [rel say] 0 *T*-1 , Deutsche Bank has shocked some in the French financial community by *-2 indicating 0 it wants a strong bank with a large number of branches .
- `` [ARG1 We are still looking] , '' [rel said] *T*-1 [ARG0 a Deutsche Bank spokesman] .
- [ARGM-ADV While Allianz officials were n't willing *-2 to comment in any detail on their plans] , [ARG0 they] [rel said] [ARG1 0 Allianz currently holds between 5 % and 10 % *U* of Navigation Mixte , an apparent increase from the 5 % stake that Navigation Mixte officials had earlier announced *T*-1] .
- [ARG0 Paris market sources] [rel said] [ARG1 0 they believed 0 Allianz was buying yesterday morning] , and Navigation Mixte moved up 108 francs -LRB- $ 17.19 *U* -RRB- *-1 to close at 1,908 francs in heavy trading .
- [ARG0 Allianz] [rel said] [ARGM-LOC in its statement] [ARG1 that it was acting *-2 to protect that interest , which *T*-1 ties it to Navigation Mixte as a partner] .
- [ARG0 Allianz] also suggested , without *-1 [rel saying] [ARG1 so] [ARGM-MNR directly] , that it regrets that Paribas is n't bidding for all of Navigation Mixte 's shares .
- [ARG1 The problem here] , [ARG0 analysts] [rel say] 0 *T*-1 , is that if Paribas wins its 66.7 % , remaining Navigation Mixte shares will fall in value .
- [ARG0 Allianz] did [ARGM-NEG n't] [rel say] [ARG1 whom , if anyone , it will support *T*-1] .
- [ARG0 It] [rel said] [ARGM-ADV simply] [ARG1 that it will boost its Navigation Mixte stake as it sees fit over the coming days *-1 to protect itself , as long as it has French regulatory officials ' approval] .
- [ARG0 Munich-based Allianz 's brief explanatory statement] [rel said] [ARG1 0 it is acting *-1 to protect its own interests as a shareholder of Navigation Mixte] .
- [ARG0 Penn Central Corp. , Cincinnati ,] [rel said] [ARG1 0 it agreed in principle *-1 to acquire Noranda Inc. 's Carol Cable Co. unit for $ 177 million *U*] .
- [ARG0 The company] [rel said] [ARG1 0 Carol Cable , based * in Pawtucket , R.I. , is a leading supplier of electrical and electronic wire and cable for the distributor , retail and original equipment manufacturer markets] .
- [ARG0 The maker of telecommunications and defense equipment] [rel said] [ARG1 0 Carol Cable 's portfolio and market focus would complement the company 's current wire and cable businesses] .
- [ARG0 Fletcher Challenge Ltd.] [rel said] [ARG1 0 its Petrocorp unit agreed *-1 to acquire certain Alberta oil and gas interests from Amoco Corp. 's Canadian unit , for about 130 million Canadian dollars -LRB- US$ 110.6 million *U* -RRB-] .
- [ARG0 Fletcher Challenge , a big New Zealand-based forest products concern with forestry operations in Canada ,] [rel said] [ARG1 0 the assets include stakes in four natural gas fields and one oil field near Provost , Alberta , plus gas processing facilities and about 247,000 acres of undeveloped land] .
- [ARG0 Amoco Canada Petroleum Co. , which *T*-1 operates the major properties included * in the asset package ,] [rel said] [ARG1 0 the sale is part of a plan * to streamline its assets] .
- [ARG0 Petrocorp , a New Zealand-based oil and gas producer ,] [rel said] [ARG1 0 the planned purchase would be its first oil and gas acquisition outside its home country , and would form the basis for a new stand-alone exploration and production unit in Canada] .
- [ARG0 MiniScribe Corp. , Longmont , Colo. ,] [rel said] [ARG1 0 it introduced a one-inch high , 80-megabyte hard disk drive that it hopes 0 *T*-1 will prove popular with makers of high-performance laptop and portable computers] .
- [ARG0 MiniScribe] [rel said] [ARG1 0 the disk drives have more memory capacity than other disks that size] .
- [ARG0 MiniScribe] [rel said] [ARG1 0 it expects *-1 to begin full volume production of the drives in the U.S. and Singapore in the first quarter next year] .
- [ARG0 The New York Times Co.] [rel said] [ARG1 0 it reached a settlement with independent home delivery dealers in the metropolitan New York area that *T*-1 will free the newspaper to expand home delivery circulation] .
- [ARG1 The pact calls for the Times to pay dealers $ 3.6 million *U* over six years , as well as other payments in the form of subsidies over three years , based * on the number of `` new customers started * by the dealers and on pricing structures] , '' [ARG0 the Times] [rel said] 0 *T*-1 .
- [ARG1 Such a focus is `` more profitable , more efficient and gives us a greater sense of control] , '' [rel said] 0 *T*-1 [ARG0 William A. Shane , Mercury 's senior executive vice president] .
- [ARG0 Sigmund Levine , Bancroft secretary and treasurer ,] [rel said] [ARG1 0 the closed-end fund 's directors will consider Mr. Green 's offer in a couple of weeks at a regular meeting] .
- `` [ARG1 He has n't added anything] , '' [ARG0 Mr. Levine] [rel said] *T*-1 , [ARGM-ADV *-2 predicting 0 the board will again reject Mr. Green 's proposal] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Mr. Green] [rel said] [ARG1 0 he had boosted his holdings in Bancroft common to 10.4 % from 8.5 % , and renewed an offer *ICH*-2 0 he made *T*-1 in March * to acquire the fund] .
- [ARG0 He] [rel said] [ARG1 0 Bancroft attorneys are scheduled *-1 to meet with Mr. Green 's attorneys in Delaware Chancery Court at the end of this week *-2 to respond to the investor 's request for company records for the past five years] .
- [ARG0 Giant Group] [rel said] [ARG1 0 a federal court in Delaware has denied a motion by Rally 's Inc. seeking * to block a group led * by Giant Chairman Burt Sugarman from *-1 acquiring more of the company 's shares] .
- [ARG1 I am not sure that judges , many of whom I like *T*-1 very much , are proper repositories for * making distinctions about pop singers] , '' [rel said] *T*-2 [ARG0 Richard Kurnit , a New York advertising lawyer] .
- [ARGM-DIS Nonetheless] , [ARG0 Mr. Kurnit] [rel said] [ARG1 that the latest decisions are having a chilling effect] .
- `` [ARG1 It has made people think twice about how they use music *T*-1 and is forcing them to be more circumspect about * doing a particular rendition of a song in its most famous form] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 The judge in the jury trial] [rel said] [ARG1 0 there was insufficient evidence 0 * to hold Ford liable in the case *T*-1] .
- [ARG0 Peter Laird , a Los Angeles lawyer for Ms. Midler ,] [rel said] , `` [ARG1 We believe that the verdict reaffirms her position *RNR*-1 and our position *RNR*-1 that advertisers and advertising agencies can not with impunity imitate the voices of well-known performers] .
- [ARG0 James River Corp. , Richmond , Va. ,] [rel said] [ARG1 0 it acquired the tissue operations of Buhrmann-Tetterode N.V. of the Netherlands for about $ 77 million *U*] .
- [ARG0 The company] [rel said] [ARG1 0 it plans *-1 to form European ventures with Italian and Finnish companies] .
- [ARG0 Vitro S.A. of Monterrey , Mexico ,] [rel said] [ARG1 0 its THR Corp. subsidiary has entered into definitive loan agreements in connection with Vitro 's $ 21.25-a-share *U* tender offer for Anchor Glass Container Corp] .
- [ARG0 Vitro] [rel said] [ARG1 0 the definitive agreements require that Anchor obtain a waiver from its bank lenders of existing covenant defaults under its bank facilities] .
- [ARGM-CAU Since Anchor is still seeking this waiver] , [ARG0 Vitro] [rel said] [ARG1 0 the tender offer is being extended *-1 until 5 p.m. EST tomorrow] .
- [ARGM-ADV While sterling bounced back from session lows in a bout of short-covering yesterday] , [ARG0 foreign exchange dealers] [rel said] [ARG1 that any hopes that the pound would soon post significant gains have evaporated] .
- [ARG0 Traders] [rel said] [ARG1 that statements made * over the weekend * to quell concern about the stability of Prime Minister Margaret Thatcher 's government and the future of her economic program largely failed *-2 to reassure investors and bolster the flagging British unit] .
- [ARG0 She] [rel said] [ARG1 that the timing of the United Kingdom 's entry would depend on the speed with which other members liberalize their economies *T*-1] .
- `` [ARG1 There is no question that the situation is bad , but we may be painting a gloomier picture than we should *?*] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 Attention is fixed on the stock market for lack of anything else 0 * to sink our teeth into *T*-1] , '' [rel said] *T*-2 [ARG0 Robert White , a vice president at First Interstate of California] .
- [ARG1 The portfolio currently includes $ 95 million *U* in receivables] , [ARG0 GE Capital] [rel said] 0 *T*-1 .
- [ARG0 GE Capital] [rel said] [ARG1 0 Commercial Federal Savings will continue *-1 to market Visa and MasterCard programs while Monogram provides `` operational and marketing support '' and actually owns the accounts] .
- [ARG0 South Africa 's government] [rel said] [ARG1 0 peaceful demonstrations such as the anti-apartheid rally Sunday near Soweto have helped *-1 ease tensions and assisted political changes] .
- [ARG0 The captain of the aircraft carrier , the oldest in the Navy ,] [rel said] [ARG1 0 the flier was making his first attempt * to land on a carrier] .
- [ARG0 Krenz] , [ARGM-DIS however] , vowed *-1 to preserve the Communist Party 's hold on political power and [rel said] [ARG1 0 East Germans should n't destabilize the nation with unrealistic demands] .
- [ARG0 Chinese officials] [rel said] [ARG1 0 armed police would replace soldiers in Tiananmen Square as part of a scaling down of Beijing 's five-month-old state of emergency] .
- [ARG1 Separately , the U.S. Embassy has filed three protests in as many days with China 's government , * alleging harassment of diplomats and their families] , [ARG0 an embassy source] [rel said] 0 *T*-1 .
- [ARG0 Authorities in Algeria] [rel said] [ARG1 0 the toll from two earthquakes Sunday had reached at least 30 dead and about 250 injured] .
- [ARG0 Fluor Corp.] [rel said] [ARG1 0 it was awarded *-1 a $ 300 million *U* contract * to provide engineering and construction-management services at a copper mine in Irian Jaya , Indonesia , for a unit of Freeport-McMoRan Copper Co] .
- [ARG0 Nixdorf Computer AG] , [ARGM-ADV *-2 citing continued profitability problems] , [rel said] [ARG1 0 it will have *-1 to reduce personnel further , notably in research and development sectors] .
- [ARG0 The troubled West German computer company] [rel said] , [ARGM-LOC in a statement to its employees] , [ARG1 that the number of persons working in product development will be reduced *-1 world-wide to 2,440 from 2,888 by the end of 1990] .
- [ARG0 The company] [ARGM-DIS also] cited some success in * damping cost increases and [rel said] [ARG1 0 it wants *-1 to return to profitability in 1990] .
- [ARG0 The drugstore chain] reacted cautiously , *-2 [rel saying] [ARG1 0 the plan would further swell its huge debt , which *T*-1 forced the company into Chapter 11 protection last year] .
- [ARG1 Officials at some Rockefeller units] are [rel said] *-1 to be unhappy with the agreement .
- [ARG0 Analysts] questioned whether Georgia-Pacific will ultimately prevail , *-1 [rel saying] [ARG1 0 other paper concerns may make competing bids] .
- GE 's Kidder Peabody unit said 0 it would stop *-1 doing stock-index arbitrage for its own account , while [ARG0 Merrill Lynch] [rel said] [ARG1 0 it was halting such trading entirely] .
- [ARG0 GE 's Kidder Peabody unit] [rel said] [ARG1 0 it would stop *-1 doing stock-index arbitrage for its own account] , [ARGM-ADV while Merrill Lynch said 0 it was halting such trading entirely] .
- [ARG0 Pacific Telesis Group] [rel said] [ARG1 0 its Pacific Bell unit sustained property damage of about $ 45 million to $ 50 million *U* from the California earthquake earlier this month] .
- [ARG0 The San Francisco-based telecommunications company] [rel said] [ARG1 0 it carries $ 150 million *U* of earthquake insurance with a $ 10 million *U* deductible provision] .
- [ARG0 Mr. Ginn] [rel said] [ARG1 0 the company 's cellular operations now serve about 341,000 customers , up 46 % from a year ago] .
- [ARG1 General Motors Corp. is planning *-3 to build a new engine plant *ICH*-6 in Europe that *T*-5 may be built *-2 in Britain , provided 0 the company can reach a satisfactory agreement with unions] , [ARG0 sources] [rel said] 0 *T*-4 .
- [ARG1 Alternatively , a separate engine plant may be built *-1 as part of GM 's planned tie-up with the British luxury car maker] , [ARG0 the sources] [rel said] 0 *T*-2 .
- [ARG0 Sources] [rel said] [ARG1 0 a `` complex and detailed '' announcement of a joint agreement between General Motors and Jaguar would be made *-1 by Jaguar `` some time in the next 2 1\/2 weeks] .
- [ARG1 An estimated 14.7 million Cray Computer shares will be distributed *-1] , [ARG0 Cray Research] [rel said] 0 *T*-2 .
- [ARGM-TMP When it announced the planned breakup in May *T*-1] , [ARG0 Cray Research] [rel said] [ARG1 0 development costs of several competing projects were squeezing its earnings growth] .
- [ARG0 Interface Systems Inc. , Ann Arbor , Mich. ,] [rel said] [ARG1 0 it will report 0 net income for the fourth quarter ended Sept. 30 fell to $ 470,000 *U* , or 11 cents a share , from $ 805,000 *U* , or 19 cents a share , a year earlier] .
- [ARG0 Chairman Carl L. Bixby] [rel said] [ARG1 0 the decline occurred although revenue rose 30 % to more than $ 8.3 million *U* from $ 6.4 million *U* a year earlier] .
- [ARG0 The company , which *T*-1 makes computer parts] [rel said] [ARG1 0 fiscal 1989 earnings were `` down slightly '' from $ 3.2 million *U* , or 74 cents a share , in fiscal l988] .
- [ARG0 The company] [rel said] [ARG1 0 fiscal 1989 revenue increased about 30 % to more than $ 32 million *U* from $ 25.3 million *U*] .
- [ARG0 Mr. Bixby] [rel said] [ARG1 that early signs point to improved earnings and revenue in the first quarter of fiscal 1990] .
- `` [ARG1 The current backlog of orders is strong throughout the corporation] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Priam Corp.] [rel said] [ARG1 0 it filed for protection under Chapter 11 of the federal Bankruptcy Code] and announced a 35 % reduction in its world-wide employment .
- [ARG0 The company] [ARGM-TMP yesterday] [ARGM-DIS also] [rel said] [ARG1 0 it was scrapping one of its major new products , a 760-megabyte drive , which *T*-1 , while *-2 technically proficient , did n't hold much promise of * generating substantial orders because financing problems caused a nine-month delay in * getting the product to market] .
- [ARG0 The ministry] [rel said] [ARG1 0 the swap , details of which *T*-2 were disclosed *-1 last Thursday , will allow both state-controlled companies to reinforce operations in their main markets] and argued that the move shows the dynamism of France 's state-sector concerns .
- [ARG0 Bio-Technology , a New York maker of genetically engineered products for human and animal health care ,] [rel said] [ARG1 0 it made the exchange offer *-1 to reduce its interest payments] .
- [ARG0 Hiroshima 's waterworks bureau] [rel said] [ARG1 0 the municipal government had budgeted about 11 million yen -LRB- $ 77,500 *U* -RRB- for the project] .
- `` [ARG1 I was flabbergasted *-3] , '' [ARG0 Tatsuhara Yamane , head of the bureau] , was quoted *-1 by Kyodo news service as *-4 [rel saying] *T*-2 .
- [ARG0 The Fujitsu spokeswoman] [rel said] [ARG1 0 headquarter officials did n't approve the bid in advance and will take measures so this kind of thing does n't happen in the future] .
- [ARG0 A waterworks official] [rel said] [ARG1 0 Fujitsu will have *-1 to design the system so it would be compatible with other makers ' equipment] .
- [ARG0 Fujitsu] [rel said] [ARG1 0 it hopes 0 the Hiroshima contract will help it secure pacts with other municipalities] .
- [ARG1 `` In the near future , it will be a big market , not just for waterworks , but for all mapping systems] , '' [ARG0 the Fujitsu spokeswoman] [rel said] *T*-1 .
- The bid created such a furor that [ARG0 Fujitsu] [rel said] [ARG1 0 it is now offering *-1 to withdraw from the project] .
- `` [ARG1 From a common-sense viewpoint , it was not socially acceptable] , '' [ARG0 a Fujitsu spokeswoman] [rel said] *T*-1 [ARGM-TMP yesterday] .
- [ARG0 Fujitsu] [rel said] [ARG1 0 it issued the low bid because it wanted a foot in the door of a potentially lucrative market] .
- `` [ARG1 We desperately wanted the contract because we want experience in the field] , '' [ARG0 the Fujitsu spokeswoman] [rel said] 0 *T*-1 .
- [ARG1 The new nonstop flights , starting next May , will include Chicago-Warsaw , Chicago-Helsinki , Miami-Madrid , Dallas-Barcelona , a second daily Chicago-Paris flight and a second daily Chicago-Manchester flight] , [ARG0 the officials] [rel said] 0 *T*-2 .
- [ARG0 Karstadt AG] [rel said] [ARG1 0 sales for its domestic group rose 4.6 % in the first nine months of 1989 from a year earlier] .
- [ARG0 The West German retailing group] [ARGM-DIS also] [rel said] [ARG1 that the results of the first three quarters suggest 0 it will meet its profit goal for the year] .
- [ARG1 Earnings at the department-store division , which *T*-1 generates the bulk of profit , should remain at least stable , while income at the mail-order and tourism units is likely *-3 to fall slightly from 1988] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARGM-DIS By contrast] , [ARG0 Value Line] [rel said] [ARG1 0 Georgia-Pacific `` is in a comparatively good position * to deal with weakening paper markets , '' because its production is concentrated *-1 not in the Northwest but in the South , where it should be able *-2 to avoid some of the cost pressures from rising wood-chip prices *T*-3] .
- `` [ARG1 It 's quite a bombshell] , '' [rel said] *T*-1 [ARG0 one] , [ARGM-ADV *-2 adding that the offer could spark a period of industry consolidation] .
- `` [ARG1 You have *-2 to watch out for counterbids] , '' [rel said] *T*-1 [ARG0 one analyst] . ``
- [ARG0 Ratners and Weisfield 's] [rel said] [ARG1 0 they reached an agreement in principle for the acquisition of Weisfield 's by Sterling Inc] .
- [ARG0 The companies] [rel said] [ARG1 0 the acquisition is subject to a definitive agreement] .
- [ARG0 They] [rel said] [ARG1 0 they expect the transaction to be completed *-1 by Dec. 15] .
- [ARG0 It] has [rel said] [ARG1 0 it hopes *-1 to control 5 % of jewelry business in the U.S. by 1992] ; currently it controls about 2 % .
- [ARG0 Analog Devices Inc.] [rel said] [ARG1 0 it may purchase as many as one million of its common shares over the next several months] .
- [ARG0 Analog] [ARGM-DIS also] [rel said] [ARG1 that a one million share buy-back program announced * in March is substantially complete] .
- [ARG0 One source familiar with the airline] [rel said] [ARGM-DIS , however ,] [ARG1 that Mr. Corr was n't informed *-1 in advance during the summer when Mr. Lorenzo began discussions with potential buyers *T*-2] .
- [ARG1 Mr. Corr resigned *-1 to pursue other business interests] , [ARG0 the airline] [rel said] 0 *T*-2 .
- [ARG0 Doskocil Cos.] [rel said] [ARG1 0 its bank-debt payments have been extended *-1 until May 31 , 1990 , * to give it more time 0 * to sell its Wilson Foods Corp. retail and fresh meat operations *T*-2] .
- [ARG0 The government] [rel said] [ARG1 0 the consumer price index rose 2.3 % in the quarter ended Sept. 30 from the previous quarter and 8 % from a year ago] .
- `` [ARG1 This seed 's not grown *-2 anywhere else in India , or anywhere else in the world] , '' [rel says] *T*-1 [ARG0 T.V. Krishnamurthy , a vice president of Procter & Gamble India Ltd. , a major psyllium buyer and promoter] .
- [ARG0 Local farmers] [rel say] [ARG1 0 it is as good a cash crop as mustard or fenugreek , a legume] .
- `` [ARG1 It 's going *-1 to be a sensational thing] , '' [rel says] *T*-2 [ARG0 Mr. Krishnamurthy of P&G in Bombay] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 psyllium exporter Mr. Patel] : `` I just got back yesterday from the U.S. .
- [ARG0 Big buyers like Procter & Gamble] [rel say] [ARG1 0 there are other spots on the globe , and in India , where the seed could be grown *-1 *T*-2] .
- `` [ARG1 It 's not a crop that *T*-1 ca n't be doubled or tripled *-2] , '' [rel says] *T*-3 [ARG0 Mr. Krishnamurthy] .
- [ARG0 Kellwood Co.] [rel said] [ARG1 0 it completed a previously announced acquisition of Crowntuft Manufacturing Corp. , a New York-based maker of chenille robes and lounge wear] .
- [ARG0 Kellwood] [rel said] [ARG1 0 Gabriel Hakim Sr. , president of Crowntuft , will continue *-1 to head Crowntuft 's management group] .
- [ARG0 Small businesses] [rel say] [ARG1 0 a recent trend is like a dream come true : more-affordable rates for employee-health insurance , initially at least] .
- `` [ARG1 Insurance companies will offer a good rate if no one is sick , but it 's a roll of the dice] , '' [rel says] [ARG0 Rosemary Heinhold of the Small Business Service Bureau , a group representing 35,000 small businesses nationwide] .
- [ARGM-DIS In addition] , [ARG0 the group] [rel says] [ARG1 0 some of its member companies have been denied *-1 insurance because individual workers had medical problems that *T*-2 ranged from a mild cardiac condition to psychological counseling after a divorce , hemorrhoids and overweight] .
- [ARGM-DIS But] [ARG0 it] [rel says] [ARG1 that rapid rate increases are directly tied to the soaring cost of health care] .
- [ARG0 They] [rel say] [ARG1 0 insurance companies use policies aimed * at * excluding bad risks because their competitors do *?*] .
- The proposal is just part of legislation that *T*-1 would require businesses to provide health benefits , an idea that *T*-2 is strongly opposed *-4 by [ARG0 small business] who *T*-3 [rel say] [ARG1 0 it would just compound the insurance-cost problems] .
- [ARGM-DIS But] [ARG0 small-business lobbyists] [rel say] [ARG1 0 they support the idea , included * in the Kennedy-Waxman bill , of new laws or regulations requiring greater use of community rating , which *T*-2 pegs rates to the use of health care by a community or other large group , and *T*-2 is designed *-3 *-1 to prevent insurance companies from *-4 taking only low-risk small companies as clients] .
- [ARG1 But] first on the list of priorities , [rel says] 0 *T*-2 [ARG0 the National Federation of Independent Business] , is *T*-1 * to prohibit state laws requiring the inclusion of specialty items , such as psychiatric care , in basic health plans .
- `` [ARG1 Before the state of Wisconsin mandated that mental-health care be covered *-1 , there were only 70 mental-health clinics in the state ; now there are 400] , '' [rel says] *T*-2 [ARG0 Carolyn Miller , an NFIB lobbyist] .
- [ARG0 Mr. Dorsch] [rel says] [ARG1 0 the HIAA is working on a proposal * to establish a privately funded reinsurance mechanism 0 *T*-2 to help *-3 cover small groups that *T*-1 ca n't get insurance without *-4 excluding certain employees] .
- [ARG0 She] [rel said] [ARG1 0 her employer ca n't afford the rate increases] , and she fears 0 she wo n't find another job with a benefit plan covering her ailment .
- `` [ARG1 I have an old-fashioned name for people in that position : sick people who *T*-1 need health insurance] , '' [ARG0 Rep. Waxman] [rel says] *T*-2 . ``
- [ARG1 The Belgian consumer price index rose a provisional 0.1 % in October from the previous month and was up 3.64 % from October 1988] , [ARG0 the Ministry of Economic Affairs] [rel said] 0 *T*-1 .
- Belgium 's inflation has been rising steadily for the past year , but [ARG0 the ministry] [rel said] [ARG1 0 the latest rise is slower than gains in September and August] .
- [ARG0 Nashua Corp. , rumored * a potential takeover target for six months ,] [rel said] [ARG1 that a Dutch company has sought U.S. approval * to buy up to 25 % of Nashua 's shares] .
- [ARG0 Nashua] immediately responded by *-1 strengthening a poison-pill plan and [rel saying] [ARG1 0 it will buy back up to one million of its shares , or 10.4 % of the 9.6 million outstanding] .
- [ARG0 Alex Henderson , an analyst at Prudential-Bache Securities ,] [rel said] [ARG1 that while Nashua 's performance this year has been `` atrocious , '' the company nonetheless is attractive as a `` classic breakup candidate because there 's no similarity between its -LCB- four -RCB- businesses] . ''
- [ARG0 Nashua , whose major business *T*-1 is * selling copiers , facsimile machines and related supplies ,] [rel said] [ARG1 0 Reiss & Co . B.V. of the Netherlands filed a request *ICH*-2 with the Federal Trade Commission under the Hart-Scott-Rodino Act for permission * to buy more than $ 15 million *U* of Nashua 's stock but less than 25 %] .
- [ARG0 Mr. Junius] [rel said] [ARG1 0 Nashua 's `` intention is * to remain an independent public company] . ''
- [ARG0 The company] [rel said] [ARG1 0 it amended its shareholder rights plan by *-2 reducing to 10 % from 20 % the level of ownership by an outsider that *T*-1 would trigger the issuance to other holders of rights * to buy additional shares of Nashua common at half price] .
- [ARG1 The current account deficit on France 's balance of payments narrowed to 1.48 billion French francs -LRB- $ 236.8 million *U* -RRB- in August from a revised 2.1 billion francs in July] , [ARG0 the Finance Ministry] [rel said] 0 *T*-1 .
- [ARG0 Weisfield 's Inc.] [rel said] [ARG1 0 it is in preliminary discussions regarding the possible sale of the company] .
- [ARG0 A spokesman for the retail jeweler] [rel said] [ARG1 0 the company would provide more details today and that it expects *-1 to reach a definitive agreement by the end of the week] .
- [ARG1 But] with local investors shaken *-1 by China 's political and economic turmoil , [ARG0 she] [rel says] 0 *T*-2 , a genuine recovery may not arrive until Hong Kong can prove itself secure under Chinese sovereignty .
- `` [ARG1 Investors have *-1 to accept the possibility of a significant slowdown in economic activity in the runup to 1997] , '' [ARG0 she] [rel says] *T*-2 .
- [ARG1 Since the China crisis erupted] , [ARG0 Mr. Mushkat] [rel says] 0 *T*-2 , the scenario as 0 *-4 depicted *-3 by the middle-of-the-road group bears a remarkable resemblance to the difficulties 0 Hong Kong currently faces *T*-1 .
- [ARGM-LOC In a July analysis titled * `` From Euphoria to Despair] , '' [ARG0 W.I. Carr -LRB- Far East -RRB- Ltd. , another securities firm ,] [rel said] [ARG1 that eroding confidence might undermine future economic development] .
- [ARG1 It could lose some of its dynamism] , '' [rel says] *T*-1 [ARG0 Mr. Mushkat , a director of Baring Securities -LRB- Hong Kong -RRB- Ltd. , a unit of Britain 's Barings PLC] . ``
- [ARG0 Sir Piers Jacobs , Hong Kong 's financial secretary] , [rel says] [ARG1 0 a further downward revision may be justified *-1 unless the economy stages a more convincing rally] .
- `` [ARG1 We are n't looking at anything like a doomsday scenario] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 When the economy loses a big portion of its work force that *T*-2 also happens *-6 to include its most productive members *T*-5 , economic growth is bound *-3 to be affected *-1] , '' [rel says] *T*-4 [ARG0 Anthong Wong , an economist with Hang Seng Bank] .
- [ARG1 While Wall Street is retreating from computer-driven program trading , big institutional investors are likely *-1 to continue these strategies at full blast , *-2 further roiling the stock market] , [ARG0 trading executives] [rel say] 0 *T*-3 .
- `` [ARG1 More customers may come to us now] , '' [rel said] *T*-1 [ARG0 James Cayne , president of Bear Stearns Cos] .
- `` [ARG1 The issues that *T*-1 are -LRB- now -RRB- being raised *-3 , in classic anti-intellectual fashion , fly in the face of a number of post-crash studies] , '' [rel said] *T*-2 [ARG0 Fred Grauer , chairman of Wells Fargo Investment Advisers] .
- [ARG0 A Bankers Trust spokesman] [rel said] [ARG1 that the company 's investment arm uses stock-index arbitrage *-1 to enhance investors ' returns] .
- [ARG0 Mr. Grauer] [rel said] [ARG1 0 $ 2 billion *U* of that is used *-1 in active index arbitrage] .
- [ARGM-TMP Last Tuesday] , [ARG0 Kemper Corp. 's Kemper Financial Services Inc. unit] [rel said] [ARG1 0 it would no longer trade with firms committed * to stock-index arbitrage , including the three that *T*-1 later suspended stock-index arbitrage trading on Friday] .
- [ARGM-ADV Indeed] , [ARG0 Morgan Stanley 's president , Richard B. Fisher] , [rel said] [ARG1 0 the firm is putting up money 0 * to form a group of regulators , investors and investment banks *T*-2 *-1 to find out if stock-index arbitrage artificially induces stock-market volatility] .
- `` [ARG1 We have *-3 to clear up these issues and find out what *ICH*-5 *T*-2 is present that *T*-1 is creating artificial volatility] , '' [ARG0 Mr. Fisher] [rel said] 0 *T*-4 .
- [ARG0 Some observers] [rel say] [ARG1 that different rules governing stock and futures markets are partly responsible for volatility] .
- [ARG1 These rules] , [ARG0 they] [rel say] 0 *T*-2 , permit faster and cheaper trading in futures than in stocks , which *T*-1 frequently knocks the two markets out of line .
- `` [ARG1 There has *-1 to be better coordination on a regulatory basis] , '' [rel said] *T*-2 [ARG0 Christopher Pedersen , director of trading at Twenty-First Securities Corp] .
- [ARG0 Trading executives] [ARGM-MNR privately] [rel say] [ARG1 that huge stock-index funds , which *T*-1 dwarf Wall Street firms in terms of the size of their program trades , will continue *-2 to launch big programs through the stock market] .
- [ARG1 Wells Fargo Investment Advisers , Bankers Trust Co. and Mellon Capital Management are among the top stock-index arbitrage clients of Wall Street] , [ARG0 trading executives] [rel say] *T*-1 .
- `` [ARG1 They will do it every chance 0 they get *T*-2] , '' [rel said] *T*-1 [ARG0 one program-trading executive] .
- [ARG1 Consequently , abrupt swings in the stock market are not likely *-1 to disappear anytime soon] , [ARG0 they] [rel say] 0 *T*-2 .
- [ARGM-TMP At one point in the documentary] , [ARG0 Mr. Sohmer , who *T*-1 is Jewish ,] [rel says] [ARG1 0 he felt rejected *-3 by many of the Protestants and Southerners 0 he met *T*-2 at Yale] .
- He quotes [ARG0 one student] [rel saying] , `` [ARG1 You 're just the kind of Jewboy 0 we Southerners ca n't stand *T*-1] .
- Her Pa -LRB- Howard Duff -RRB- is [ARG0 the kind] of guy who , while *-3 [rel saying] [ARG1 grace] [ARGM-LOC at the supper table] , *T*-4 pauses at the word `` sin '' and glares at the daughter 0 he has n't seen *T*-2 for two decades , because he knows in his heart that she enjoyed what *T*-1 happened in the cold-storage room , and has been indulging the same taste ever since in the fleshpots of Chicago .
- [ARG0 A spokesman] [rel said] [ARG1 0 the savings bank may not qualify for the capital requirements because , under the proposed guidelines , its $ 380 million *U* of preferred stock does n't meet the `` core capital '' criteria outlined * under the new Financial Institutions Reform , Recovery and Enforcement Act of 1989] .
- [ARG0 Crossland] [rel said] [ARG1 0 it retained three investment bankers 0 *T*-1 to assist it in * developing and implementing a financial restructuring plan] .
- [ARG0 The spokesman] [rel said] [ARG1 that the proposed guidelines caused Crossland to revise its business objectives and , consequently , to write down the asset value of some previous acquisitions] .
- `` [ARG1 The grapevine is n't organized , but you and I know 0 it exists] , '' [rel says] *T*-1 [ARG0 Mr. Carew] , [ARGM-ADV *-2 referring to the often uncannily small world of black professionals and community leaders] .
- `` [ARG1 This is a very personal , ethnic style] , '' [ARG0 Mr. Carew] [rel says] *T*-1 . ``
- [ARG0 ABC] [rel says] [ARG1 0 it is aware of the producers ' action , but the mailing was sent *-1 without the network 's blessing] .
- [ARG1 Some shows just do n't impress] , [ARG0 he] [rel says] 0 *T*-1 , and this is one of them .
- [ARG0 TransCanada PipeLines Ltd.] [rel said] [ARG1 0 it plans *-1 to shift its headquarters to Calgary , Alberta , from Toronto next year *-2 to cut costs and be closer to the upstream natural-gas industry] .
- [ARG1 All 700 Toronto-based employees will be offered *-1 positions in Calgary] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Gerald Maier , president *RNR*-1 and chief executive officer *RNR*-1 of the natural-gas pipeline and marketing concern ,] [rel said] [ARG1 0 the company 's future growth is `` increasingly linked '' to decisions made * by Calgary-based gas producers] .
- `` [ARG1 Since deregulation of the market in 1985 , producers have become much more intensely involved in both transportation and marketing] , '' [ARG0 Mr. Maier] [rel said] *T*-1 . ``
- [ARG0 Walter Litvinchuk , vice president of Pan-Alberta Gas Ltd. , a Calgary-based gas marketing concern ,] [rel said] [ARG1 0 the industry will welcome the move] .
- `` [ARG1 * Having more than a token presence here should enhance communications and business relationships] , '' [ARG0 Mr. Litvinchuk] [rel said] *T*-1 . ``
- [ARG1 The move , which *T*-1 could cost TransCanada as much as 50 million Canadian dollars -LRB- US$ 42.5 million *U* -RRB- in relocation and severance payments , should be complete by next summer] , [ARG0 Mr. Maier] [rel said] *T*-2 .
- `` [ARG1 We have men who *T*-1 only buy their shirts and underwear here or younger customers who *T*-2 only buy their -LCB- job -RCB- interview suit here] , '' [rel says] *T*-3 [ARG0 William Roberti , chairman *RNR*-4 and chief executive officer *RNR*-4 of Brooks Brothers] . ``
- `` [ARG1 Brooks Brothers no longer has a lock on the -LCB- Ivy League -RCB- customer who *T*-1 is status-conscious about his clothes] , '' [rel says] *T*-2 [ARG0 Charlie Davidson , president of the Andover Shop , a traditional men 's store in Cambridge , Mass] .
- [ARG0 Brooks Brothers] [rel says] [ARG1 0 business is robust at its 30 outlets in Japan and two shops in Hong Kong] .
- [ARG0 Alan Smith , president of Marks & Spencer North America and Far East ,] [rel says] [ARG1 that Brooks Brothers ' focus is * to boost sales by * broadening its merchandise assortment while *-1 keeping its `` traditional emphasis] . ''
- [ARG1 More shirts and sweaters will be laid *-1 out on tables , instead of * sitting behind glass cases , so that customers can `` walk up and touch them] , '' [ARG0 Mr. Roberti] [rel says] 0 *T*-2 .
- `` [ARG1 The perception out there is that we are very conservative and we only sell one type of suit] , '' [ARG0 Mr. Roberti] [rel says] *T*-2 , [ARGM-ADV *-1 referring to Brooks Brothers ' signature three-button `` sack suit , '' with a center-vented jacket and boxy fit] .
- [rel Says] [ARG1 *ICH*-2] [ARG0 Mr. Roberti] : `` We want *-1 to turn the customer on .
- [ARG0 Ferro Corp.] [rel said] [ARG1 0 it will buy back as many as one million common shares] .
- [ARG0 The maker of chemical and industrial materials] did [ARGM-NEG n't] [rel say] [ARG1 how much it would pay *T*-3 or when it would make the transactions *T*-2] .
- [ARG0 Ferro] [ARGM-DIS also] [rel said] [ARG1 0 it would cancel the unused portion of a 1987 buy-back plan for administrative reasons] .
- [ARGM-LOC In that announcement] , [ARG0 TVS] [ARGM-DIS also] [rel said] [ARG1 0 it was trimming production finance and hiring a new U.S. sales manager] .
- [ARG0 The TVS spokesman] [rel said] [ARG1 0 Mr. Price still holds about an 8 % TVS stake , acquired * as part of the MTM acquisition] .
- [ARG0 A TVS spokesman] [rel said] [ARG1 0 he did n't know Mr. Price 's plans] .
- [ARG0 James Gatward , TVS 's chief executive ,] [rel said] [ARGM-LOC in a statement] [ARG1 that he will `` assume overall responsibility '' for MTM 's operations until a successor is named *-1] .
- [ARGM-LOC In the TVS statement] , [ARG0 Mr. Price] [rel said] [ARG1 0 `` * leaving MTM was a very difficult decision] , '' but added that `` it is now time for a change ... . ''
- [ARGM-TMP At the time] , [ARG0 Mr. Gatward] [rel said] [ARG1 0 his friendship with Mr. Price had smoothed the way for its link with the small British company] .
- [ARGM-TMP At the close of business] [ARGM-TMP Thursday] , [ARG0 Ciba-Geigy and Chiron] [rel said] [ARG1 0 11,580 common shares had been tendered *-1 to their offer] .
- [ARGM-ADV Separately] , [ARG0 the Ontario Supreme Court] [rel said] [ARG1 0 it will postpone indefinitely a ruling on the lawsuit launched * by the University of Toronto against Connaught in connection with the Merieux bid] .
- [ARG0 Institut Merieux S.A. , which *T*-1 offered 942 million Canadian dollars -LRB- US$ 801.2 million *U* -RRB- , or C$ 37 *U* a share for Connaught ,] [rel said] [ARG1 0 it would extend its bid , due * to expire last Thursday , to Nov. 6] .
- [ARGM-LOC In a statement prepared * by lawyers for the university and Connaught] , [ARG0 the parties] [rel said] [ARG1 0 they agreed that as a result of * reaching a C 415 million *U* research accord , `` It *EXP*-1 is unnecessary that there be a judgment on the merits -LCB- of the case -RCB- at this time] . ''
- [ARG0 Merieux] [ARGM-TMP previously] [rel said] [ARG1 0 it would ensure 0 its bid remained open pending a final decision by Canadian regulators on whether * to approve the takeover] .
- [ARG0 The Canadian government] [ARGM-TMP previously] [rel said] [ARG1 0 Merieux 's bid did n't offer enough `` net benefit '' to Canada *-2 to be approved *-1 , and gave Merieux an until mid-November *-3 to submit additional information] .
- [ARG0 Merieux officials] [rel said] [ARGM-TMP last week] [ARG1 that they are `` highly confident '' 0 the offer will be approved *-1 once it submits details of its proposed investments to federal regulators] .
- [ARG0 Institut Merieux , which *T*-1 already holds a 12.5 % stake in Connaught ,] [rel said] [ARG1 that at the close of business Thursday , 5,745,188 shares of Connaught and C$ 44.3 million *U* face amount of debentures , convertible into 1,826,596 common shares , had been tendered *-2 to its offer] .
- [ARG0 Conseco Inc.] [rel said] [ARG1 0 it is calling for the redemption on Dec. 7 of all the 800,000 remaining shares outstanding of its $ 1.875 *U* Series A convertible preferred stock at $ 26.805 *U* a share] .
- [ARG0 The insurance concern] [rel said] [ARG1 0 all conversion rights on the stock will terminate on Nov. 30] .
- [ARGM-TMP Until then] , [ARG0 Conseco] [rel said] [ARG1 0 the stock remains convertible into common stock at the rate of 1.439 shares of common stock for each share of preferred stock , which *T*-1 is equivalent to a conversion price of $ 17.50 *U* a common share] .
- [ARG0 Centerior Energy Corp.] [rel said] [ARG1 0 the Ohio Water Development Authority approved terms for two series of tax-exempt bonds 0 *T*-1 to finance a water-pollution control and solid-waste disposal facilities] .
- [ARGM-TMP Meanwhile] , [ARGM-LOC inside the courtroom] , [ARG0 the judge] [rel said] [ARG1 0 he would fine attorneys for the two creditors $ 50 *U* every time 0 they referred to each other with terms such as `` liar '' or `` slime *T*-1] . ''
- `` [ARG1 It *EXP*-1 would be a shame * to have a Chapter 7 after all the progress in this case] , '' [rel said] *T*-2 [ARG0 Judge Abramson] .
- [ARG0 Pacific First Financial Corp.] [rel said] [ARG1 0 it signed a non-binding letter of intent * to acquire the construction lending unit of Old Stone Bank of California] .
- [ARG1 Terms have n't been finalized *-1 , but the transaction is expected *-2 to close by year end] , [ARG0 Pacific First] [rel said] 0 *T*-3 .
- [ARG1 The unit has 30 employees in four California offices] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 General Electric Co. 's rail-car leasing unit completed the $ 178.5 million *U* purchase of similar businesses from Leucadia National Corp. and Brae Corp. , 74%-owned by Leucadia] , [ARG0 the sellers] [rel said] 0 *T*-1 .
- Because of tax-loss carry-forward , [ARG0 Leucadia] [rel said] [ARG1 0 it expects *-1 to escape taxes on `` a substantial portion of the gain] . ''
- [ARG1 The estimated gain for Brae is $ 15 million *U* , including a tax credit of $ 7 million *U*] , [ARG0 the sellers] [rel said] 0 *T*-1 .
- `` [ARG1 The credit for income taxes is a result of * having provided deferred income taxes applicable to the sold assets at the higher income tax rates in effect in prior years] , '' [ARG0 the sellers] [rel said] 0 *T*-1 .
- [ARG1 Automatic Data is redeeming the bonds because the after-tax cost of the interest on the bonds is higher than the dividend yield on the common] , [ARG0 a spokesman] [rel said] 0 *T*-1 .
- [ARG0 Dow Jones] [rel said] [ARG1 0 it extended the offer *-1 to allow shareholders time 0 * to review a supplement to the Dow Jones tender offer circular that it mailed *T*-3 last Friday *T*-2] .
- [ARGM-LOC In the tender offer supplement] , [ARG0 Dow Jones] discloses the different growth forecasts but [rel says] [ARG1 0 it views the 20 % growth rate `` as a hoped-for goal '' of Telerate 's management `` and not as a realistic basis on which * to project the company 's likely future performance *T*-1] . ''
- [ARG0 Dow Jones] has [rel said] [ARG1 0 it believes 0 the $ 18-a-share price is fair to Telerate 's minority shareholders] .
- [ARG1 The Canadian pig herd totaled 10,674,500 at Oct. 1 , down 3 % from a year earlier] , [rel said] 0 *T*-2 [ARG0 Statistics Canada , a federal agency] .
- [ARG1 Both of these actions are n't characteristic of real Hells Angels] , [ARG0 Mr. Christie] [rel said] 0 *T*-1 .
- [ARG1 Concord New Horizons Corp. , creators of a 1988 movie called * Nam Angels , used the gang 's name and trademarks without authorization] , [ARG0 the not-for-profit corporation] [rel says] 0 *T*-1 [ARGM-LOC in a complaint filed * in federal court] .
- `` [ARG1 There is absolutely no way 0 our board or membership would have approved the portrayal of the Hells Angels in this movie *T*-2] , '' [rel said] *T*-1 [ARG0 George Christie , president of the club 's Ventura chapter] .
- [ARG0 The American Stock Exchange] [rel said] [ARG1 0 a seat was sold *-1 for $ 165,000 *U* , unchanged from the previous sale Oct. 13] .
- [ARGM-DIS For instance] , [ARG0 witnesses in Voronezh] [rel say] [ARG1 0 the pinheaded behemoths and their robot friend , after *-1 strolling around the city park , left behind some rocks] .
- Here is *T*-2 a bible for UFO watchers , complete with pictures of [ARG0 people] who *T*-1 [rel say] [ARG1 0 they 've had personal relationships with aliens] .
- [ARG1 Trustcorp Inc. will become Society Bank & Trust when its merger *ICH*-2 is completed *-1 with Society Corp. of Cleveland *T*-3] , [ARG0 the bank] [rel said] 0 *T*-4 .
- [ARG0 Mr. Bergsma] [rel said] [ARG1 0 prices for U.S. pharmaceutical companies remain too high , * making it *EXP*-1 unlikely that Akzo will pursue any major acquisitions in that area] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 Akzo is considering `` alliances '' with American drug companies] , [ARGM-ADV although he would n't elaborate] .
- `` [ARG1 Maybe Akzo can surprise the investment world a bit] , '' [rel said] *T*-1 [ARG0 Jaap Visker , an analyst at Amsterdam-Rotterdam Bank NV] .
- [ARG1 Although bulk-chemical prices have begun *-2 falling in the U.S. , they are generally stable in Europe] , [ARG0 Mr. Bergsma] [rel said] 0 *T*-1 .
- [ARG1 A decline may come in the first half of 1990] , [ARG0 he] [rel said] 0 *T*-1 , but the market does n't appear on the verge of a severe downturn .
- [ARGM-TMP Now] , [ARGM-TMP as a new downturn in the chemical industry looms] , [ARG0 Akzo] [rel says] [ARG1 0 it is in far better shape 0 * to cope *T*-1] .
- [ARG0 Mr. Bergsma] [rel said] [ARG1 0 world-wide industry sales of aramid fibers are expected *-1 to total about $ 500 million *U* this year] .
- [ARG1 Sales growth of 10 % a year seems possible] , [ARG0 he] [rel said] 0 *T*-1 , and Akzo expects its Twaron business to become profitable in 1990 .
- [ARG0 Mr. Bergsma] [rel said] [ARG1 0 Akzo is likely *-1 to see strong profit growth from coatings as it realizes cost savings and other benefits from its greater scale] .
- [ARG0 Mr. Bergsma] [rel said] [ARG1 0 Akzo hopes *-1 to have approval * to sell its Marvelon pill in the U.S. in 1992] .
- [ARG1 Veterinary products are showing especially strong growth] , [ARG0 Mr. Bergsma] [rel said] 0 *T*-1 .
- `` [ARG1 We have definitely become less cyclical] , '' [ARG0 Syb Bergsma , executive vice president-finance ,] [rel said] *T*-1 [ARGM-LOC in an interview] .
- We recall that Mr. Roberts not only chides the Chancellor for *-2 being too easy because of a desire * to constrain sterling , but also led [ARG0 the chorus] [rel saying] [ARG1 that Mr. Volcker was too tight when he let the dollar rise *T*-1] .
- They confront stubborn inflation and a sagging economy , that is [ARG0 *] to [rel say] , [ARG1 stagflation] .
- [ARG1 Ogilvy & Mather , whose declining profitability *T*-1 prompted its takeover by WPP Group earlier this year , will see its profit margins bounce back to the `` 11.5 % range '' in 1990] , [rel said] 0 *T*-2 [ARG0 Graham Phillips , the agency 's new chairman-elect] .
- `` [ARG1 Clients want *-2 to see more of our senior people involved * in the business -- not once a month , but two or three times a week] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-TMP Now] [ARG0 Mr. Phillips] [rel says] [ARG1 0 he hopes *-1 to have the new system in place for several clients -- including American Express , American Telephone & Telegraph and Ryder -- by year 's end] .
- [ARG1 And while last week the agency hired a top Chiat\/Day\/Mojo executive , Bill Hamilton , 0 *T*-4 to try *-1 to bolster its work , `` Graham has *-2 to get the revenue of that New York office moving] , '' [rel says] *T*-3 [ARG0 James Dougherty , an analyst with County NatWest Securities] .
- As [ARG0 Mr. Dougherty] [rel says] [ARG1 *?*] , `` The last thing 0 they need *T*-1 is enormous disruption at the top ... and Graham is obviously a long-term member of the Ogilvy Mafia , 0 as we call it *T*-2 . ''
- [ARG0 Mr. Phillips] [rel said] [ARG1 0 the company 's expected margin improvement will be all but inevitable , given that the company 's profitability was dragged *-1 down this year by an expensive move to luxurious , oversized new New York headquarters] .
- [ARG1 The move , budgeted * at about $ 7 million *U* , actually came in at about $ 10 million *U*] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARGM-LOC In an internal memo] , [ARG0 Alex Kroll , the agency 's chairman ,] [rel said] [ARG1 0 Mr. Klein decided *-1 to remove himself *-1 to minimize `` negative reaction '' from prospective clients and others and *-1 to prepare for his defense] .
- [ARG0 He] [rel said] [ARG1 0 Mr. Klein will return to his post at the end of the trial `` at which he will be vindicated *-1 *T*-2] . ''
- [ARG1 The agency , with about $ 35 million *U* in billings , will be dissolved *-1 , with some of its staffers absorbed * by WCRS 's Della Femina McNamee unit in Boston] , [ARG0 Ms. Heller] [rel said] 0 *T*-2 .
- [ARG0 She] [rel said] [ARG1 0 it was too early * to say what *T*-1 would happen to its clients , including Reebok and Apple] .
- She said 0 it was too early [ARG0 *] to [rel say] [ARG1 what *T*-1 would happen to its clients , including Reebok and Apple] .
- [ARGM-ADV First and foremost] , [ARG0 Mr. Phillips] [rel said] [ARG1 0 he hopes *-1 to improve client service] .
- [ARG0 Waxman Industries Inc.] [rel said] [ARG1 0 holders of $ 6,542,000 *U* face amount of its 6 1\/4 % convertible subordinated debentures , due March 15 , 2007 , have elected *-1 to convert the debt into about 683,000 common shares] .
- [ARG0 The company] [rel said] [ARG1 0 the holders represent 52 % of the face amount of the debentures] .
- [ARG0 R.H. Macy & Co. , the closely held department store chain ,] [rel said] [ARGM-LOC in a financial filing] [ARGM-TMP Friday] [ARG1 that its sales for the fiscal fourth quarter ended July 29 were up 10 % to $ 1.59 billion *U* against $ 1.44 billion *U* a year earlier] .
- [ARG0 RJR Nabisco Inc.] [rel said] [ARG1 0 it agreed *-1 to sell its Baby Ruth , Butterfinger and Pearson candy businesses to Nestle S.A. 's Nestle Foods unit for $ 370 million *U*] .
- [ARG0 RJR 's executives] have [rel said] [ARG1 0 they will dispense with certain brands , in particular , that *T*-1 are n't leaders in their markets] .
- `` [ARG1 RJR Nabisco and Planters LifeSavers will concentrate more on our own core businesses] , '' [ARG0 Mr. Gerstner] [rel said] *T*-1 [ARGM-TMP Friday] .
- `` [ARG1 This means 0 Nestle is now in the candybar business in a big way] , '' [rel said] *T*-1 [ARG0 Lisbeth Echeandia , publisher of Orlando , Fla.-based Confectioner Magazine] .
- [ARG1 The new candy bars , `` make an important contribution to our Nestle Foods commitment to this very important strategic unit] , '' [rel said] 0 *T*-1 [ARG0 C. Alan MacDonald , president of Nestle Foods in Purchase , N.Y] .
- [ARGM-LOC In a message read * out at the rally] , [ARG0 exiled ANC President Oliver Tambo , who *T*-1 ca n't legally be quoted *-3 in South Africa ,] [rel said] [ARG1 0 the country was at a crossroads and that Mr. de Klerk `` may yet earn a place among the peacemakers of our country '' if he chooses a `` path of genuine political settlement] . ''
- `` [ARG1 We can not wait on the government *-1 to make changes at its own pace] , '' [ARG0 Mr. Sisulu] [rel said] *T*-2 .
- Behind them was *T*-2 a huge ANC flag and [ARG0 an even bigger sign] that *T*-1 [rel said] `` [ARG1 ANC Lives , ANC Leads] . ''
- `` [ARG1 Today] , '' [rel said] *T*-1 [ARG0 Mr. Sisulu] , `` the ANC has captured the center stage of political life in South Africa . ''
- [ARG1 If these conditions are met *-1] , [ARG0 he] [rel said] 0 *T*-2 , the ANC would be prepared *-3 to discuss *-4 suspending its guerrilla activities .
- `` [ARG1 There can be no question of us unilaterally abandoning the armed struggle] , '' [ARG0 he] [rel said] *T*-1 . ``
- [ARGM-ADV *-2 Echoing a phrase from Mr. de Klerk] , [ARG0 Mr. Sisulu] [rel said] , `` [ARG1 * Let all of us who *T*-1 love this country engage in the task of *-3 building a new South Africa] .
- `` [ARG1 We stand for peace today and we will stand for peace tomorrow] , '' [rel said] *T*-2 [ARG0 Walter Sisulu , the ANC 's former secretary general who , along with five of his colleagues , *T*-3 served 26 years in prison before *-4 being released *-1 two weeks ago] .
- `` [ARG1 We have n't decided on a strategy yet , but we could become an independent producer depending on whether we 're the developer or just the supplier] , '' [rel says] *T*-1 [ARG0 Theodore Stern , executive vice president of the company 's energy and utility systems group] .
- [ARG0 John C. Marous , chairman and chief executive officer ,] [rel says] [ARG1 0 he expects a commercial order *ICH*-2 by 1995 for the company 's AP600 nuclear power plant , which *T*-1 is under development] .
- `` [ARG1 Westinghouse 's earnings could be materially enhanced *-2 in the mid-1990s or sooner] , '' [rel says] *T*-1 [ARG0 Russell L. Leavitt , of Salomon Brothers Inc] .
- `` [ARG1 I went out to Todd -LCB- Burns , the A 's reliever -RCB- and told him that we were n't gon *-1 na let this guy beat us] , '' [rel said] *T*-2 [ARG3-of *ICH*-3] [ARG0 Oakland catcher Terry Steinbach] of the decisive confrontation with Mitchell , the National League 's reigning home-run king .
- [ARGM-TMP Afterward] , [ARGM-TMP as the A 's toasted their victory with beer] -LRB- they dispensed with traditional champagne showers in deference to the quake victims -RRB- , [ARG0 Stewart] [rel said] [ARG1 0 he thought 0 his championship-team ring would outshine his individual trophy] .
- `` [ARG1 * Give me four or five more Series with these guys , and I do n't care if I ever win a Cy Young] , '' [ARG0 he] [rel said] *T*-1 , in [ARG3-in reference to baseball 's best-pitcher award] .
- [ARG1 But] we did n't know just where it was *T*-1 until we completed our data gathering , '' [ARG0 Mr. Mortimer] [rel says] *T*-2 .
- `` [ARG1 Most of us grew up *-2 believing in the axioms ` Haste makes waste ' and ` * Do n't cut corners , ' ideas that *T*-1 seem *-4 to run counter to the concept of * managing speed] , '' [rel says] *T*-3 [ARG0 Dean Cassell , vice president for product integrity at Grumman Corp] .
- `` [ARG1 We needed contributions from all these departments *-1 to generate the proposal] , '' [rel says] *T*-2 [ARG0 Carl Anton , configuration-data manager for Grumman 's A-6 combat aircraft program] .
- [ARG0 The study] [rel says] [ARG1 that the `` ambiguous legal status '' of home copying makes it *EXP*-1 `` appropriate * to examine the effects on consumers , as well as on industry] . ''
- [ARG0 The study] [ARGM-DIS also] [rel says] [ARG1 that advent of new communications technologies makes `` an explicit congressional definition of the legal status of home copying more desirable in order * to reduce legal and market uncertainties and * to prevent de facto changes to copyright law through technology] , '' and says that * finding an `` appropriate balance of harms and benefits is a political decision , not a technical one .
- [ARG0 The study] [ARGM-DIS also] says that advent of new communications technologies makes `` an explicit congressional definition of the legal status of home copying more desirable in order * to reduce legal and market uncertainties and * to prevent de facto changes to copyright law through technology , '' and [rel says] [ARG1 that * finding an `` appropriate balance of harms and benefits is a political decision , not a technical one] .
- [ARG0 The report] [rel says] [ARG1 0 the availability of such advanced analog recording equipment as cassette recorders does n't seem *-1 to increase the quantity of home copying] .
- [ARG1 That finding] , [ARG0 the report] [rel says] 0 *T*-1 , casts doubt on the record industry 's contention that the new generation of digital recording equipment will inevitably lead to wholesale abuse of copyrighted material by home tapers .
- `` [ARG1 I think 0 it is a nail in the coffin in any royalty tax proposal] , '' [rel says] *T*-1 [ARG0 Gary Shapiro , vice president for government and legal affairs of the Electronic Industries Association in Washington] .
- `` What -LCB- the report -RCB- shows *T*-1 is [ARG1 everything] 0 [ARG0 we] 've been [rel saying] *T*-2 [ARGM-TMP for the past eight or nine years] -- that audio taping is the best thing 0 *T*-3 to happen for the recording industry .
- [ARG0 Trish Heimers , a spokesperson for RIAA] [rel says] [ARG1 0 her organization has n't received a copy of the completed report yet and has no immediate comment] .
- [ARG0 Switzerland 's most famous raider] [rel says] [ARG1 0 he is n't one] .
- `` [ARG1 I like *-1 to succeed] , '' [rel says] *T*-3 [ARG0 Mr. Rey] [ARGM-TMP during a recent morning of * working at home , which he also likes *T*-2] .
- `` [ARG1 Companies move in and out] , '' [rel says] *T*-1 [ARG0 Helga Kern of KK Swiss Investment] .
- The internal transaction within the Rey empire puzzled Harpener 's small shareholders , but [ARG0 analysts] [rel say] [ARG1 0 it *EXP*-1 makes sense for Inspectorate-Adia to focus on its main businesses of product inspection and temporary help] .
- [ARG0 Mr. Rey] [rel says] [ARG1 0 the move is yet another example of his conservatism] .
- [ARG0 He] [rel says] [ARG1 0 he wants *-1 to `` influence '' but not `` manage '' companies] .
- [ARG1 Ultimate Corp. signed a letter of intent * to market Hewlett-Packard Co. minicomputers] , [ARG0 the companies] [rel said] 0 *T*-1 .
- [ARGM-LOC In the second step of a reorganization that *T*-1 began earlier this year] , [ARG0 Boeing Co.] [rel said] [ARG1 0 it will create a Defense and Space Group 0 *T*-2 to consolidate several divisions] .
- [ARGM-DIS In addition] , [ARG0 Boeing] [rel said] [ARG1 0 it also will reorganize all its work in Wichita into military and commercial divisions] .
- [ARG1 All of the changes will reduce its overhead and streamline operations] , [ARG0 Boeing] [rel said] 0 *T*-1 .
- `` [ARG1 It 's a further step to better returns in the hemorrhaging defense business] , '' [rel said] *T*-1 [ARG0 Steven Binder , an analyst with Bear , Stearns & Co. in New York] .
- [ARG0 Howard Rubel , an analyst with C.J. Lawrence , Morgan Grenfell Inc. in New York ,] [rel said] [ARG1 0 the shift reflects Boeing confidence in Mr. Pinick , described * by Mr. Rubel as an expert on * doing business with the military] .
- `` [ARG1 His side of the business has been successful in a tough environment] , '' [ARG0 Mr. Rubel] [rel said] *T*-1 .
- [ARG0 Boeing] has [rel said] [ARGM-TMP repeatedly] [ARG1 0 it wo n't expand its offer] and the machinists have responded that the offer is n't good enough .
- [ARG0 The officials] [rel said] [ARG1 0 this meeting `` put in motion '' procedural steps that *T*-2 would speed up both of these functions , but that no specific decisions *ICH*-3 were taken *-1 on either matter] .
- [ARGM-DIS But] [ARG0 U.S. officials] [rel said] [ARG1 0 representatives at the meeting decided that this was `` a matter for further discussion at future meetings] . ''
- [ARG0 The officials] [ARGM-DIS also] [rel said] [ARG1 0 the meeting agreed *-1 to continue *-2 treating China as a special case , despite the recent repression of dissent there , but to offer no further concessions] .
- [ARG0 The U.S. officials] [rel said] [ARG1 that despite the rapid changes under way in Eastern Europe and the Soviet Union , all the Cocom members agreed on `` the continuing need for this organization , '' which *T*-2 was founded *-1 40 years ago at the start of the Cold War] .
- [ARG0 The officials] [rel said] [ARG1 0 the meeting agreed *-3 to continue *-2 working toward *-4 `` streamlining '' Cocom 's restricted products list , and to improve procedures for * punishing companies that *T*-1 do n't comply with the export restrictions] .
- [ARGM-DIS In addition] , [ARG0 Unisys] [rel said] [ARG1 0 it reduced computer inventories a further $ 100 million *U* during the quarter , * leaving it within $ 100 million *U* of its goal of a reduction of $ 500 million *U* by the end of the year] .
- [ARGM-TMP Still] , [ARG0 Unisys] [rel said] [ARG1 0 its European business was weak during the quarter , a worrisome sign given that the company has relied on solid results overseas *-1 to overcome weakness in the U.S. over the past several quarters] .
- [ARG0 Jim Unruh , Unisys 's president ,] [rel said] [ARG1 0 he is approaching next year with caution] .
- [ARG0 He] [rel said] [ARG1 0 the strength of the world-wide economy is suspect] , and does n't see much revenue growth in the cards .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 that the price wars flaring up in parts of the computer industry will continue through next year] .
- [ARG0 He] [rel said] [ARG1 0 the move toward standard operating systems means 0 customers are n't locked *-1 into *-2 buying from their traditional computer supplier and can force prices down] .
- [ARG1 That] , [ARG0 he] [rel said] 0 *T*-2 , is why Unisys is overhauling its whole business *T*-1 : It needs *-3 to prepare for a world in which profit margins will be lower than computer companies have been used *-5 to *?* *T*-4 .
- `` [ARG1 We 've approached this not as a response to a temporary condition in the industry but as a fundamental change 0 the industry is going through *T*-1] , '' [ARG0 Mr. Unruh] [rel said] *T*-2 .
- But [ARG0 the company] [rel said] [ARGM-TMP Friday] [ARG1 that it had losses of $ 673.3 million *U* through the first nine months , compared with earnings a year earlier of $ 382.2 million *U* , or $ 2.22 *U* a share fully diluted , as revenue inched up 1.4 % to $ 7.13 billion *U* from $ 7.03 billion *U*] .
- So [ARG0 Steve Milunovich at First Boston] [rel said] [ARG1 0 he is cutting his earnings estimate for next year to $ 2 *U* a share from $ 3 *U*] .
- `` [ARG1 I was feeling like I was too high *-2 to begin with] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Weil of Weil & Associates] said 0 he will remain at $ 1 *U* a share for next year but [rel said] [ARG1 0 he wonders whether even that low target is at risk] .
- [ARG0 Mr. Weil of Weil & Associates] [rel said] [ARG1 0 he will remain at $ 1 *U* a share for next year] but said 0 he wonders whether even that low target is at risk .
- [ARG1 * Just clobbered *-3] , '' [rel said] *T*-2 [ARG0 Ulric Weil , an analyst at Weil & Associates who *T*-1 had once been high on the company] .
- That is at the high end of the range of 7,000 to 8,000 employees that [ARG0 Unisys] [rel said] [ARGM-TMP a month ago] [ARG1 0 *T*-2 would be laid *-1 off] .
- [ARG0 Unisys] [rel said] [ARG1 0 that should help it save $ 500 million *U* a year in costs , again at the high end of the previously reported range of $ 400 million to $ 500 million *U*] .
- [ARG0 Mr. Bostian] [rel said] [ARGM-TMP in August] [ARG1 that his macroeconomic index signaled recession] .
- `` [ARG1 My own personal opinion is that Don threw in the towel just about the time 0 he should have doubled his bet *T*-2] , '' [ARG0 he] [rel says] *T*-1 .
- A good half-hour into breakfast at the Palmer House , Mr. O'Brien looks up from his plate after [ARG0 Mr. Straszheim] [rel says] [ARG1 something about people who *T*-1 believe 0 interest rates are about *-2 to nosedive] .
- [ARGM-ADV *-2 Explaining his change of mind] , [ARG0 Mr. Straszheim] [rel says] [ARGM-TMP later] , `` [ARG1 It *EXP*-1 's hard * to pin this on one factor] . ''
- [ARG0 He] [rel says] [ARG1 0 the economy , and especially the employment numbers , look much better than he expected *?* ; interest rates have generally declined ; inflation has n't run amok] .
- `` [ARG1 Our business is constantly looking at all these things] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 There 's unbelievable pressure *ICH*-2 on economists * to forecast these numbers] , '' [ARG0 he] [rel says] *T*-1 . ``
- [ARG0 It] [rel said] [ARG1 0 long-term interest rates , then above 9 % , could drop to 7 % by the end of 1989 , so bonds , which *T*-1 benefit from falling rates , would be a good buy] .
- [ARG0 Crane Co.] [rel said] [ARG1 0 it holds an 8.9 % stake in Milton Roy Corp. , an analytical-instruments maker , and may seek control of the company] .
- [ARGM-LOC In the filing] , [ARG0 Crane] [rel said] [ARG1 that in the past it considered *-3 seeking control of Milton Roy , of St. Petersburg , Fla. , through a merger or tender offer and that it expects *-1 to continue *-2 to evaluate an acquisition from time to time] .
- [ARG0 John M. McNamara , chief financial officer of Milton Roy ,] [rel said] [ARG1 0 the company has no comment on Crane 's filing] .
- `` [ARG1 I do n't think 0 there 's a lot in the wings '' in other sectors of the economy 0 *T*-1 to keep growth above 1 %] , [ARG0 he] [rel said] *T*-3 .
- [ARG1 Personal spending grew 0.2 % in September to a $ 3.526 trillion *U* annual rate] , [ARG0 the Commerce Department] [rel said] 0 *T*-1 .
- [ARG0 The department] [rel said] [ARG1 0 personal income rose 0.3 % in September to a $ 4.469 trillion *U* rate but would have climbed 0.6 % had it not been for the storm] .
- `` [ARG1 I think 0 the consumer has pretty well played himself out] , '' [rel said] *T*-1 [ARG0 David Littman , senior economist at Manufacturers National Bank of Detroit] .
- [ARG0 CRA Ltd.] [rel said] [ARG1 0 it agreed *-1 to sell a 40 % stake in its Howick coal mine in the state of New South Wales to Mitsubishi Development Pty. of Japan] .
- [ARG0 CRA] [rel said] [ARGM-TMP then] [ARG1 that it was looking for a partner for the mine , which *T*-1 produces more than three million metric tons of coal a year] .
- [ARG0 Mr. Perlman , who *T*-1 is also acting chief financial officer and the odds-on favorite 0 *T*-2 to become the next chief executive ,] [rel said] [ARG1 0 the company is achieving `` modest positive cash flow from operations , and we expect that to continue into 1990] . ''
- [ARG0 He] [rel said] [ARG1 0 the company has no intention of * tapping its short-term bank lines `` for a good part of 1990] . ''
- [ARG1 Sometime next year , Control Data will `` develop a new bank relationship] , '' [ARG0 Mr. Perlman] [rel said] *T*-1 .
- [ARGM-ADV While a few assets *ICH*-1 are still being shopped *-2 -- including the sports and entertainment ticketing portion of the company 's Ticketron unit --] [ARG0 Mr. Price] [rel said] [ARG1 0 future restructuring would be a question of strategy] .
- [ARG1 Ticketron 's automated wagering business , which *T*-1 operates lotteries in a half dozen states , is not for sale] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG1 Rather] , [ARG0 Mr. Perlman] [rel said] 0 *T*-3 , Control Data intends *-1 to bid for the coming Minnesota lottery contract and is seeking new applications for the technology overseas , where `` there is great interest in games of skill *T*-2 . ''
- Control Data 's semiconductor business , VTC Inc. , continues *-1 to lose money , the executives acknowledged 0 *T*-2 , but [ARG0 they] [rel said] [ARG1 0 they consider some of the technology vital to national defense and so are reluctant *-3 to dispose of it] .
- `` [ARG1 I 'm not saying 0 everything is hunky-dory , but we have completed the transition] , '' [ARG0 Robert M. Price , chairman and chief executive ,] [rel said] *T*-1 [ARGM-LOC in an interview] .
- [ARG1 Partly , costs will be held *-1 down through strategic technology alliances] , [ARG0 management] [rel said] 0 *T*-2 .
- `` [ARG0 I] 'm [ARGM-NEG not] [rel saying] [ARG1 0 everything is hunky-dory] , but we have completed the transition , '' Robert M. Price , chairman and chief executive , said *T*-1 in an interview .
- [ARG0 James E. Ousley , computer products group president ,] [rel said] [ARG1 0 such arrangements could help *-1 slash Control Data 's computer research and development costs in half by the end of 1990] .
- [ARG1 At the same time four of six design projects were spiked *-1] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARGM-ADV *-4 Asked *-3 how the company hopes *-1 to expand its computer hardware business *T*-2] , [ARG0 Mr. Ousley] [rel said] [ARG1 0 it sees good opportunities in systems integration] .
- `` [ARG1 We think 0 we 're getting only 10 % of the integration dollars 0 our customers are spending *T*-1] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 Absolutely] , '' [ARG0 he] [rel said] *T*-1 .
- But [ARGM-ADV while its stock is selling at about half Control Data 's estimated breakup value] , [ARG0 neither Messrs. Perlman nor Price] [rel said] [ARG1 0 he spends much time *-1 considering the possibility of a hostile takeover] .
- `` [ARG1 We 've been listed *-2 as a candidate for so long 0 it 's not worth 0 * worrying about *T*-3] , '' [rel said] *T*-1 [ARG0 Mr. Price] .
- `` [ARG1 We 'd like *-2 to continue *-3 to reduce debt] , '' [ARG0 President Lawrence Perlman] [rel said] *T*-1 .
- [ARGM-ADV *-1 Noting that the company is offering *-2 to buy back $ 154.2 million *U* in senior notes paying 12 3\/4 %] , [ARG0 he] [rel said] [ARG1 0 the response will help *-3 determine future debt-reduction efforts] .
- [ARGM-DIS Indeed] , [ARG0 Wright] [rel said] all his life [ARG1 that the greatest lessons 0 he learned *T*-2 were derived *-1 from the study of nature] .
- But it was [ARG0 Frank Lloyd Wright] who *T*-1 [rel said] , `` [ARG1 Is this not Anti-Christ ?]
- [ARG0 The association] [rel said] [ARG1 that lack of airport and air space capacity is the biggest problem facing the airline industry] .
- [ARG1 The KGB has abolished a unit known * for *-2 persecuting dissidents] , [ARG0 the government newspaper Izvestia] [rel said] 0 *T*-1 .
- The newspaper quoted [ARG0 KGB chairman Vladimir A. Kryuchkov] as *-1 [rel saying] [ARG1 0 the definition of anti-Soviet crimes had narrowed , the laws had changed and people no longer have *-2 to fear a simple slip of the tongue] .
- [ARG0 Mr. Kryuchkov] was quoted *-1 as *-2 [rel saying] [ARG1 that in place of the infamous 5th Directorate a new unit would work `` *-3 to foil the conspiracies *ICH*-4 of foreign intelligence services * to create and use organized anti-government groups in our country] . ''
- [ARG1 Czechoslovakia has restricted consumer-goods exports to neighbor countries because of `` massive buying out of food '' by tourists from Poland , Hungary and the Soviet Union] , [ARG0 the Rude Pravo daily] [rel said] 0 *T*-1 .
- [ARG0 The paper] gave no details of what the restrictions would entail *T*-1 but [rel said] [ARG1 0 the measures were necessary * to protect the domestic market] .
- [ARG0 West Germany 's biggest union , IG Metall ,] [rel said] [ARG1 0 it is ready *-1 to back demands for more pay and shorter hours with strikes against the nation 's automotive , steel and engineering industries] .
- `` [ARG1 Global warming means higher tides which *T*-1 will lower Venice by another 23 inches in the next 100 years] , '' [ARG0 Giovanni Cecconi of the the New Venice Consortium] [rel said] *T*-2 .
- [ARG0 West Germany 's Quelle] [rel said] [ARG1 0 it will establish a mail-order operation with two local partners in the Soviet Union next year] .
- [ARGM-ADV *-1 Saying 0 this is a first for a Western company] , [ARG0 West Germany 's largest mail-order group] [rel said] [ARG1 0 the newly established Moscow-based Intermoda company is scheduled *-2 to begin operations in February 1990] .
- [ARG0 *-1] [rel Saying] [ARG1 0 this is a first for a Western company] , West Germany 's largest mail-order group said 0 the newly established Moscow-based Intermoda company is scheduled *-2 to begin operations in February 1990 .
- [ARG0 *-1] [rel Saying] [ARG1 that a surge in low-priced imports had damaged EC producers ' profits and led to job losses] , the commission imposed a duty of 10.2 % on TVs made * by Daewoo , a duty of 12.3 % on Goldstar Co. , 13 % on Samsung and 19.6 % on TVs made * by other South Korean producers .
- [ARG0 The commission] [rel said] [ARG1 that EC television producers lost `` important market shares '' and suffered an `` unsustainable '' pressure on prices because of the Korean companies ' marketing and pricing policies , which it said 0 *T*-1 were `` in clear violation '' of international trade rules] .
- [ARG0 Sri Lanka , where more than 15,000 people have died in six years of ethnic turmoil *T*-1 ,] [rel said] [ARG1 0 it will ban sex and violence from state-owned television next year] .
- `` [ARG1 Many programs 0 we have *T*-1 now come from the West and are not suitable to our culture] , '' [ARG0 a government minister] [rel said] *T*-2 .
- I realize 0 [ARG0 you] were just looking for [ARG1 something] snotty 0 * to [rel say] *T*-1 about [ARG3-about California and its environmental movement] , but * picking Frank Lloyd Wright to say it for you was a bad call .
- I realize 0 you were just looking for something snotty 0 * to say *T*-1 about California and its environmental movement , but * picking [ARG0 Frank Lloyd Wright] to [rel say] [ARG1 it] [ARGM-MNR for you] was a bad call .
- [ARG0 Broad Inc.] [rel said] [ARG1 0 it doubled its regular quarterly dividend to five cents a share from 2.5 cents on common , and to 4.5 cents a share 2.25 cents on Class B stock , payable Nov. 10 to holders of record Nov. 6] .
- For [ARG3-For the 10-month fiscal year ended Sept. 30] , [ARG0 Chairman Eli Broad] [rel said] [ARG1 0 he expected earnings results to approximate analysts ' estimates , which the company said 0 *T*-1 have been revised *-2 upward to 80 cents a share] .
- Warner denies 0 Mr. Ross ever said any such thing , and , in fact , denies [ARG1 virtually everything] 0 [ARG0 Mr. Guber and Mr. Peters] [rel say] *T*-1 [ARGM-LOC in their affidavits] .
- Warner denies 0 [ARG0 Mr. Ross] [ARGM-TMP ever] [rel said] [ARG1 any such thing] , and , in fact , denies virtually everything 0 Mr. Guber and Mr. Peters say *T*-1 in their affidavits .
- Tomorrow , Warner will file another batch of documents contending that `` the essence of [ARG1 everything] 0 [ARG0 these guys] are [rel saying] *T*-1 is basically lies , '' says 0 *T*-2 Warner 's chief outside counsel , Stuart Rabinowitz .
- [ARG1 Tomorrow , Warner will file another batch of documents contending that `` the essence of everything 0 these guys are saying *T*-1 is basically lies] , '' [rel says] 0 *T*-2 [ARG0 Warner 's chief outside counsel , Stuart Rabinowitz] .
- [ARG0 Warner] [rel says] [ARG1 that what it really wants *T*-2 is for the producers to fulfill their contractual obligations] , but the bitterness of this battle and the accusations flying on both sides make it *EXP*-3 unlikely that the decade-long relationship between Warner and its two most prolific producers can ever be repaired *-1 .
- [ARG0 Warner , which *T*-1 is in the process of * merging with Time Warner Inc. ,] [rel says] [ARG1 0 it is willing *-2 to settle the matter out of court] .
- [ARG0 Mr. Guber and Mr. Peters] [rel say] [ARGM-LOC in their affidavits] [ARG1 that Warner already is taking steps *-1 to freeze them out of their projects at Warner , notably the Sylvester Stallone film `` Tango and Cash] . ''
- [ARG0 Mr. Peters] [rel says] [ARGM-LOC in his affidavit] [ARG1 that the movie 's staff was told *-1 last week that Warner was `` taking over '' the picture , and 0 another producer would be giving all of the orders] .
- Mr. de la Bouillaire says 0 [ARG0 Warner Brothers production president Mark Canton] called him Oct. 19 and [rel said] [ARG1 0 Mr. Peters is `` off the picture] .
- [ARG0 Mr. de la Bouillaire] [rel says] [ARG1 0 Warner Brothers production president Mark Canton called him Oct. 19 and said 0 Mr. Peters is `` off the picture] .
- [ARG0 The editor] [ARGM-DIS also] [rel says] [ARG1 0 the new producer on the film , Bruce Baird , told editors *-1 to screen the picture without *-2 telling stars Sylvester Stallone and Kurt Russell or Mr. Peters] .
- [ARG1 If someone asks , * just lie and tell them 0 it will be done *-1] , '' [ARG0 Mr. de la Bouillaire] [rel says] 0 Mr. Baird told them *T*-2 .
- [ARG1 That] , [rel says] 0 *T*-1 [ARG0 Warner 's Mr. Rabinowitz] , is `` a total 100 % lie . ''
- [ARG1 The movie] , [ARG0 he] [rel says] 0 *T*-1 , is in its post-production stages of `` * cleaning up the film . ''
- [ARG0 He] [rel says] [ARG1 0 Mr. Peters and Mr. Guber , as the contractual producers with consultation rights , have been invited *-1 to screenings and *-2 to give their input on the film] .
- [ARG1 Dozens of Guber-Peters staffers are still working on the Warner lot and consulting on various projects on a `` daily basis] , '' [ARG0 the attorney] [rel says] 0 *T*-1 .
- [ARG0 Mr. Guber] , [ARGM-LOC in his affidavit] , [rel says] [ARG1 that when he advised Warner President Terry Semel of the Sony offer at lunch on Sept. 25 *T*-3 , Mr. Semel `` hugged and congratulated me , and expressed joy that we had finally realized our long-term ambition of * running *RNR*-1 and having an equity position in *RNR*-1 a major entertainment company] . ''
- [ARG0 Mr. Guber] [rel says] [ARG1 0 he brought to lunch a release document 0 Warner had agreed to *T*-1 in 1988 , when he and Mr. Peters made an aborted bid * to buy part of MGM\/UA Entertainment Co. *-2 to run the MGM studio *T*-3] .
- [ARG0 Mr. Guber] [rel says] [ARG1 0 he had crossed out `` MGM '' with a red pen and written in `` Columbia , '' *-1 giving the document to Mr. Semel] .
- `` [ARG1 Mr. Semel said absolutely nothing 0 *T*-2 to indicate 0 Warner would have any objection to our assuming management positions at Columbia] , '' [ARG0 Mr. Guber] [rel says] *T*-1 .
- `` [ARG0 Mr. Semel] [rel said] [ARG1 absolutely nothing 0 *T*-2 to indicate 0 Warner would have any objection to our assuming management positions at Columbia] , '' Mr. Guber says *T*-1 .
- [ARG0 He] [rel says] [ARG1 0 he told Mr. Guber 0 he could n't sign any documents and that `` the deal , although *-1 apparently a good one for him and Mr. Peters , would have a very negative impact on Warner] . ''
- [ARG0 He] [rel said] [ARG1 0 he would contact Mr. Ross and Warner Brothers Chairman Robert Daly and that , in a conference call , the three agreed 0 they could n't let the producers out of their contract] .
- [ARG0 Mr. Ross] , [ARGM-LOC in his own affidavit] , [rel says] [ARG1 0 he and Mr. Daly instructed Mr. Semel *-1 to tell the producers 0 Warner would n't terminate their agreement] .
- Mr. Guber says that Mr. Semel did convey that information and that [ARG0 Mr. Semel] [rel said] [ARG1 0 Mr. Ross was `` crazy because of the Time deal] , '' [ARGM-ADV *-3 meaning , Mr. Guber says *T*-2 , that Mr. Ross `` did not want *-1 to communicate to his new merger partner , Time Inc. , that Warner 's agreements provided for our departure under these circumstances] . ''
- [ARG0 Mr. Guber] [rel says] [ARG1 that Mr. Semel did convey that information and that Mr. Semel said 0 Mr. Ross was `` crazy because of the Time deal , '' *-3 meaning , Mr. Guber says *T*-2 , that Mr. Ross `` did not want *-1 to communicate to his new merger partner , Time Inc. , that Warner 's agreements provided for our departure under these circumstances] . ''
- Mr. Guber says that Mr. Semel did convey that information and that [ARG1 Mr. Semel] said 0 Mr. Ross was `` crazy because of the Time deal , '' *-3 meaning , [ARG0 Mr. Guber] [rel says] *T*-2 , that Mr. Ross `` did not want *-1 to communicate to his new merger partner , Time Inc. , that Warner 's agreements provided for our departure under these circumstances . ''
- [ARG0 Mr. Guber] [ARGM-DIS also] [rel says] [ARGM-LOC in his affidavit] [ARG1 that Mr. Daly `` told us that even if Sony did not want us , Warner 's relationship with us already was irreparably damaged *-1 , that there was no way ` 0 * to put the egg together *T*-2 , ' and that it would sue Sony for tons of money] . ''
- [ARG0 The Guber-Peters side] has [rel said] [ARG1 0 Warner is particularly concerned about the prospect of a huge Japanese company controlling important segments of the U.S. entertainment business] .
- [ARG0 Mr. Rabinowitz , the Warner attorney ,] [rel says] [ARG1 0 the studio still wants the producers to come back and fulfill their contract] .
- `` [ARG1 They are like a mini-studio ; they have 50 projects *ICH*-1 in development for Warner] , '' [ARG0 he] [rel says] *T*-2 .
- [ARGM-DIS For example] , [ARG0 he] [rel says] [ARG1 that since 1985 , he and Mr. Peters have developed over 85 movie projects , and Warner has `` passed *RNR*-1 '' or chosen * not to produce *RNR*-1 at least 76] .
- [ARGM-LOC In the affidavits] , [ARG0 Mr. Peters] [rel says] [ARG1 0 he was `` shocked '' when Mr. Ross refused a meeting and made it *EXP*-2 clear 0 he would stop them *T*-1] .
- [ARGM-PNC In response] , Mr. Peters says 0 *T*-1 , [ARG0 Mr. Ross] referred to his colleagues at Warner with an `` obscenity '' and [rel said] : `` [ARG1 * Tell them that they do n't have a job] .
- [ARG0 E.W. Scripps Co.] [rel said] [ARG1 0 it has acquired a Georgia cable television company and a Massachusetts publishing firm] .
- [ARG0 The media company] [rel said] [ARG1 0 it purchased Cable USA Inc. , a privately held cable television system in Carroll County , Ga. , a suburb of Atlanta] .
- [ARGM-ADV *-2 Meeting with reporters] [ARGM-TMP Friday] , [ARG0 Mr. Darman] [ARGM-DIS again] [rel said] [ARG1 0 he would rather live with across-the-board spending cuts than accept a deficit-reduction bill like the one passed * by the House , which *T*-1 would increase spending in future years] .
- [ARG1 In all , federal outlays amounted to $ 1.143 trillion *U* in 1989 , up 7.5 % from the previous year] , [ARG0 the Treasury] [rel said] 0 *T*-1 .
- [ARG0 The Treasury] [rel said] [ARG1 0 a surge in tax receipts noted * earlier in the year did n't turn out *-1 to be quite as strong as it first appeared *?*] .
- `` [ARG1 I suppose 0 you could say 0 the good news is that the deficits are not heading up] , '' [ARG0 he] [rel said] *T*-2 , `` but you ca n't be satisfied *-1 with deficits at this level and we 're not *?* . ''
- `` I suppose 0 [ARG0 you] [ARGM-MOD could] [rel say] [ARG1 0 the good news is that the deficits are not heading up] , '' he said *T*-2 , `` but you ca n't be satisfied *-1 with deficits at this level and we 're not *?* . ''
- [ARG0 CMS Energy Corp.] [rel said] [ARG1 0 it would begin *-1 paying a 10-cent-a-share quarterly dividend , the company 's first since 1984] .
- [ARG0 CMS management] [rel said] [ARGM-TMP Thursday] [ARG1 that they planned *-1 to recommend *-3 paying a modest dividend when the board of directors met Friday *T*-2] .
- [ARG0 Humana Inc.] [rel said] [ARG1 0 it expects *-1 to receive about $ 27 million *U* in federal income-tax refunds and interest from a court ruling on a tax dispute] .
- [ARG0 The health-care company] [rel said] [ARG1 0 it expects the refund to be included *-1 in the first quarter ending Nov. 30] .
- `` [ARG1 Our company has not been able *-1 to cope very effectively with '' changes in the marketplace] , [rel said] *T*-2 [ARG0 Ryosuke Ito , Sansui 's president] .
- [ARG0 Yoshihisa Murasawa , a management consultant for Booz-Allen & Hamilton -LRB- Japan -RRB- Inc. ,] [rel said] [ARG1 0 his firm will likely be recommending acquisitions of Japanese companies more often to foreign clients in the future] .
- `` [ARG1 Attitudes -LCB- toward * being acquired *-1 -RCB- are still negative , but they 're becoming more positive] , '' [ARG0 Mr. Murasawa] [rel said] *T*-2 .
- [ARG1 Sansui] , [ARG0 he] [rel said] 0 *T*-2 , is a perfect fit for Polly Peck 's electronics operations , which *T*-1 make televisions , videocassette recorders , microwaves and other products on an `` original equipment maker '' basis for sale under other companies ' brand names .
- [ARG0 He] [rel said] [ARG1 0 Polly Peck will greatly expand Sansui 's product line , *-2 using Sansui 's engineers *-1 to design the new products , and will move Sansui 's production of most products other than sophisticated audio gear offshore into Polly Peck 's own factories] .
- `` [ARG1 Whatever capital it -LRB- Sansui -RRB- needs *T*-2 so it can compete and become a totally global entity capable of * competing with the best in the world , that capital will be injected *-1] , '' [ARG0 Mr. Nadir] [rel said] *T*-3 .
- `` [ARG1 The myths that Japan is not open to concerns from outside has , I think 0 *T*-1 , been demolished at a stroke] , '' [ARG0 Mr. Nadir] [rel said] *T*-1 .
- But [ARG0 analysts] [rel say] [ARG1 0 Sansui is a special case] .
- [ARG1 If you find sound , healthy companies in Japan , they are not for sale] , '' [rel said] *T*-1 [ARG0 George Watanabe , a management-consultant at Tokyo-based Asia Advisory Services Inc] .
- [ARG0 Analysts] [rel said] [ARG1 0 they expect McCaw to escalate the bidding again] .
- `` [ARG1 This game is n't over yet] , '' [rel said] *T*-1 [ARG0 Joel D. Gross , a vice president at Donaldson , Lufkin & Jenrette Securities Corp] .
- [ARG1 We did n't expect BellSouth to be so responsive] , '' [rel said] *T*-2 [ARG0 Frederick A. Moran , president of Moran Asset Management Inc. , which *T*-1 holds 500,000 LIN shares] .
- [ARG0 William O. McCoy , president of the company 's BellSouth Enterprises Inc. unit ,] [rel said] [ARG1 0 the revised agreement with LIN would dilute BellSouth earnings by about 9 % in both 1990 and 1991 and by significantly less thereafter] .
- `` [ARG1 We were n't as concerned until they became sell programs] , '' [rel says] *T*-2 [ARG0 Mr. DaPuzzo , who *T*-1 now thinks 0 it adds unnecessary volatility] .
- [ARG0 Shearson , Merrill Lynch and Goldman Sachs] [rel say] [ARG1 0 they do so only for customers] , [ARGM-DIS however] .
- `` [ARG1 It *EXP*-2 makes no sense for us to put money at risk when you know 0 you 're going *-4 to lose *T*-3] , '' [rel says] *T*-1 [ARG0 Mr. Antolini , of Donaldson Lufkin] .
- [ARG1 But] this skittishness , [ARG0 Mr. Antolini] [rel says] 0 *T*-1 , is creating liquidity problems in certain OTC stocks .
- `` [ARG1 Sometimes -LCB- traders -RCB- lose sight of that] , '' [ARG0 he] [rel says] *T*-1 .
- When [ARG0 the computers] [rel say] `` [ARG1 * sell] *T*-2 , '' the composite *ICH*-1 tumbles as well as the Dow Jones Industrial Average .
- [ARG1 The problem] , [ARG0 market makers] [rel say] 0 *T*-2 , is that while the industrial average and the S&P 500 usually recover as buy programs kick in , the Nasdaq Composite frequently is left *-1 behind .
- [ARG1 Such investors tend *-1 to be more cautious than institutional investors are *?* about * re-entering the market after massive selloffs] , [ARG0 market makers] [rel say] 0 *T*-2 .
- [ARG0 The semiconductor concern] [rel said] [ARG1 0 the interruption in shipment of its 80486 computer chip will be brief and have little impact on the company 's earnings] .
- Weisfield 's rocketed 9 1\/2 to 39 after [ARG0 the jewelry store operator] [rel said] [ARG1 0 it is in preliminary discussions , with a party 0 it would n't identify *T*-1 , regarding the possible acquisition of the company] .
- [ARG0 The company] [rel said] [ARG1 0 its third-quarter earnings will probably be lower than the 16 cents a share 0 it reported *T*-1 last year , despite a rise in the company 's revenue] .
- [ARG0 Dealers] [rel said] [ARG1 0 the multinational oil company was pressured *-1 by recent brokerage recommendations urging investors *-2 to switch into Shell Trading & Transport] .
- [ARG0 An official at Wako Securities] [rel said] [ARG1 0 brokerages ' excessive expectations about recent advances in Tokyu Group shares and real estate issues were dashed *-1 Friday] .
- [ARG1 But they failed *-3 to sell these stocks to client investors , who *T*-1 were cautious about the sharp gains 0 these issues made *T*-2 this week] , [ARG0 the Wako official] [rel said] 0 *T*-4 .
- [ARG0 Fund managers] [rel said] [ARG1 0 Friday 's profittaking was a natural result of the week 's `` abnormal fever '' in * buying real estate , shipbuilding , steel and construction shares] .
- [ARG0 Traders] [rel said] [ARG1 0 the continued turbulence in other markets , coupled * with the drop in London following the Lawson resignation , were responsible] .
- [ARG0 Traders] [rel said] [ARG1 that selling pressure was n't enormous and that the DAX dropped Friday more on a lack of any substantial buying interest] .
- [ARG0 They] [rel said] [ARG1 0 contributing to the downward drift was *T*-1 the fact that many professional traders had chosen *-2 to square positions ahead of the weekend] .
- `` [ARG1 It 's the whole uncertainty about what *T*-2 's happening around us] , '' [rel said] *T*-1 [ARG0 Valentin Von Korff , a trader at Credit Suisse First Boston in Frankfurt] .
- [ARG0 Traders] [rel said] [ARG1 0 the market remains extremely nervous because of the wild swings seen * on the New York Stock Exchange last week] .
- [ARG1 That 's leaving small investors with cold feet , [ARG0 they] [rel said] 0 *T*-1 , and prompting institutions to take a reserved stance on the sidelines as well , at least until the market in New York settles down somewhat .]
- [ARG0 Dealers] [rel said] [ARG1 0 the turnover , largely confined * to the 100-share index stocks , partly reflected the flurry of activity typical at the close of a two-week trading account and the start of a new account] .
- But [ARG0 they] [rel said] [ARG1 0 Friday 's focus on the top-tier stocks telegraphed active overseas selling and showed the broad-based fears over the status of the U.K. economy and Britain 's currency in the wake of the upheaval in Prime Minister Margaret Thatcher 's cabinet] .
- [ARG0 Spain 's Socialist Party] claimed victory in nationwide elections , *-1 [rel saying] [ARG1 0 it had retained its parliamentary majority by one seat] .
- [ARGM-ADV With all the votes counted *-1] , [ARG0 a government spokesman] [rel said] [ARG1 0 Prime Minister Gonzalez 's party won 176 seats in the 350-seat Cortes , or lower house of parliament] .
- [ARG0 Dissidents in Czechoslovakia] [rel said] [ARG1 0 the nation 's pro-democracy movement was growing despite the government 's move * to crush a protest *ICH*-1 Saturday in Prague 's Wenceslas Square] .
- [ARG0 Authorities in Hawaii] [rel said] [ARG1 0 the wreckage of a missing commuter plane with 20 people aboard was spotted *-1 in a remote valley on the island of Molokai] .
- [ARGM-ADV While lawmakers have n't raised the possibility of * renewing military aid to the Contras following Ortega 's weekend threat * to end a truce] , [ARG0 Senate Majority Leader Mitchell] [rel said] [ARGM-LOC on NBC-TV] [ARG1 that Ortega had made `` a very unwise move] .
- [ARG1 The West German machinery and plant equipment industry 's orders rose an inflation-adjusted 1 % in September from a year earlier despite a sharp drop in foreign orders] , [ARG0 the German Association of Machinery Makers] [rel said] 0 *T*-1 .
- `` [ARG1 Just because upscale cosmetics look like packaged goods and smell like packaged goods , it does n't mean 0 they are packaged goods] , '' [rel says] *T*-1 [ARG0 Leonard Lauder , chief executive of Estee Lauder] .
- `` [ARG1 I see 0 we have about half the audience working for us] , '' [ARG0 he] [rel said] *T*-1 , [ARGM-MNR tongue in cheek] .
- `` [ARG1 Oil of Olay brought with it the baggage of * being used *-1 basically by older women who *T*-2 had already aged] , '' [rel says] *T*-3 [ARG0 David Williams , a consultant with New England Consulting Group] .
- [ARG0 The company] [rel says] [ARG1 0 sales have soared] .
- [ARG1 Next year , Noxell plans *-1 to roll out a perfume called * Navy] , [rel says] *T*-2 [ARG0 George L. Bunting Jr. , chairman of Noxell] .
- [ARG1 Packaged-goods companies `` will make it *EXP*-2 tougher for smaller people to remain competitive] , '' [ARG0 Mr. Bunting] [rel says] 0 *T*-1 .
- Estee Lauder , for example , spends only an estimated 5 % of sales on advertising in the U.S. , and [ARG0 Mr. Lauder] [rel says] [ARG1 0 he has no plans * to change his strategy] .
- `` [ARG1 There will be more emphasis on quality] , '' [rel says] *T*-1 [ARG0 Guy Peyrelongue , chief executive of Cosmair Inc. , the U.S. licensee of L'Oreal] .
- [ARG0 Industry consultants] [rel say] [ARG1 0 only Schering-Plough , which *T*-1 makes the mass-market Maybelline , has maintained a meaningful business] .
- `` [ARG1 We 've finally been able *-2 to convince them that Casey and -LCB- Oliver -RCB- North do n't work here anymore] , '' [rel says] *T*-1 [ARG0 one administration official] .
- [ARG0 Sen. Cohen] [rel said] [ARG1 0 the relationship has reverted to its pre-Reagan character] .
- [ARG0 Mr. Wohlstetter] , [ARGM-DIS for example] , [rel said] [ARG1 0 he wrote to Big Board Chairman John J. Phelan Jr. about program trading after the 190-point Dow plunge , and as in previous queries , `` what I get *T*-1 back is gobbledygook] . ''
- [ARG0 He] [rel said] [ARG1 0 he 's upset that Mr. Phelan , *-1 trying *-2 to calm investors after the plunge , said that investors would simply have *-3 to get used to the market 's big price swings] .
- [ARGM-ADV *-1 Claiming 0 program trading has turned the Big Board into a `` gambling casino] , '' [ARG0 Contel Chairman Charles Wohlstetter] [rel said] [ARG1 that he and at least 20 other corporate executives are forming an unprecedented alliance] .
- He said 0 he 's upset that [ARG0 Mr. Phelan] , [ARGM-ADV *-1 trying *-2 to calm investors after the plunge] , [rel said] [ARG1 that investors would simply have *-3 to get used to the market 's big price swings] .
- [ARG1 The Big Board `` is partly *-2 to blame *-3 -LCB- for the price swings -RCB- , because they 're cowards] , '' [rel said] *T*-1 [ARG0 Mr. Wohlstetter] .
- Index arbitragers argue that their trading is healthy because it links markets , but [ARG0 critics] [rel say] [ARG1 0 such trading accelerates market movements and increases the chance for a crash] .
- [ARG0 Richard Grasso , Big Board president ,] [ARGM-TMP last week] [rel said] [ARGM-ADV only] [ARG1 that the exchange is concerned *-1 about all its constituents] .
- [ARG1 Now the assault is on] , '' [rel said] *T*-1 [ARG0 one top trader] .
- [ARG1 The group] , [ARG0 Mr. Wohlstetter] [rel said] 0 *T*-2 [ARGM-LOC in an interview] , wants *-3 to end the market 's wild price swings that critics blame *T*-1 on computer-aided program-trading strategies .
- [ARG0 Contel 's Mr. Wohlstetter] [rel said] [ARG1 0 the group of Big Board companies is n't ready *-1 to go public yet with its effort , and that he does n't plan *-2 to be the leader once it is public] .
- [ARGM-DIS However] , [ARG0 he] [rel said] [ARG1 0 he planned *-1 to spend the weekend *-2 making calls *-2 to gather additional support] .
- Among [ARG1 those] 0 [ARG0 Mr. Wohlstetter] [rel said] 0 he has been talking to *T*-2 are *T*-3 Sanford Weill of Primerica Corp. , which *T*-1 is the parent of Smith Barney , Harris Upham & Co. ; GTE Corp. 's James Johnson , and ITT Corp. 's Rand Araskog .
- [ARG1 The group will complain to Washington , to the heads of program-trading firms and to the heads of the Big Board itself] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Kemper Corp. 's Kemper Financial Services unit] [rel said] [ARG1 0 it cut off Bear Stearns , Morgan Stanley , Oppenheimer and General Electric Co. 's Kidder , Peabody & Co. unit] .
- [ARG0 Chief Executive Officer Michael Carpenter] [rel said] [ARG1 that despite the outcry even by some of Kidder 's own brokers , he believes 0 index arbitrage does n't have a `` negative impact on the market as a whole] .
- Pressure *ICH*-2 has been building on the Big Board in the past two weeks * to do something about market volatility , which [ARG0 many investors] [rel say] [ARG1 0 *-3 is caused *-1 by program trading] .
- `` [ARG1 There 's a rising fear that perhaps Mrs. Thatcher 's style of management has become a political liability] , '' [rel says] *T*-1 [ARG0 Bill Martin , senior economist at London brokers UBS-Phillips & Drew] .
- Economists have been anticipating a slump for months , but [ARG0 they] [ARGM-TMP now] [rel say] [ARG1 0 it will be deeper and longer than they had thought *?*] .
- [ARG1 Britain 's economy `` is developing rapidly toward no-growth] , '' [rel says] 0 *T*-1 [ARG0 J. Paul Horne , international economist with Smith Barney , Harris Upham Co. in Paris] .
- [ARG1 A mild slowdown] probably would have run its course by early 1991 , [ARG0 economists] [rel say] 0 *T*-1 , while the grueling downturn now expected * could stretch into 1992 .
- `` [ARG1 If the economy shows no sign of * turning around in about year 's time , she will be very vulnerable] , '' [rel says] *T*-1 [ARG0 John Barnes , a lecturer at the London School of Economics] .
- At a June EC summit , [ARG0 Mrs. Thatcher] appeared *-1 to ease her opposition to full EMS membership , *-1 [rel saying] [ARG1 0 Britain would join once its inflation rate fell and the EC liberalized capital movements] .
- [ARG1 Mrs. Thatcher `` does n't like *-2 taking orders from foreigners] , '' [rel says] 0 *T*-1 [ARG0 Tim Congdon , economist with Gerrard & National Holding PLC] .
- `` [ARG1 We wo n't have any more of this wayward behavior] , '' [rel says] *T*-1 [ARG0 Sir Peter Hordern , a backbench Tory member of Parliament] .
- [ARGM-TMP Over the weekend] , [ARG0 she] [rel said] [ARG1 0 she did n't intend *-1 to change her style] and denied 0 she is authoritarian .
- `` [ARG1 It *EXP*-1] is clear , '' [ARG0 Ms. Waite] [rel says] 0 *T*-3 , `` that most of the effect of increasing education has been *-4 to shift who *T*-2 is helping the wife\/mother .
- [ARG1 But] , [rel says] 0 *T*-1 [ARG0 chief investigator Tom Smith] , this `` does not translate into support for conservatism in general or into conservative positions on feminist and civil rights issues . ''
- [ARG1 Graduate students are taking longer than ever *-1 to get their doctor of philosophy degrees] , [ARG0 the National Research Council] [rel says] 0 *T*-2 .
- `` [ARG1 I] told my driver , '' [ARG0 he] [rel said] *T*-1 , `` that he was taking my butt to the Central Committee so they can *?* ... '' whack , whack , whack his hand made vigorous spanking gestures on his left palm . ``
- [ARG0 A Bank of New York spokesman in Manhattan , Owen Brady ,] [rel said] , `` [ARG1 That 's the maximum , outside figure] .
- [ARG0 A `` senior Fed official ''] spoke on Saturday after the market swoon to both the Washington Post and the New York Times , *-1 [rel saying] [ARG1 0 the Fed was prepared *-2 to provide as much credit as the markets needed *?*] .
- `` [ARG1 We 've gotten through two stock market crashes , and we 've gone through an election without any major problems] , '' [rel says] *T*-1 [ARG0 David Hale , an economist of Kemper Financial Services] .
- [ARG0 Dr. Lourie] [rel says] [ARG1 0 the Justice Department interviewed him last July] .
- `` [ARG1 We do not feel that seats are reserved *-1 -LRB- for patent lawyers -RRB-] , '' [rel says] *T*-4 [ARG0 Justice spokesman David Runkel , who *T*-3 declines *-5 to say how soon a candidate will be named *-2 *T*-6] .
- `` We do not feel that seats are reserved *-1 -LRB- for patent lawyers -RRB- , '' says *T*-4 [ARG0 Justice spokesman David Runkel] , who *T*-3 declines *-5 to [rel say] [ARG1 how soon a candidate will be named *-2 *T*-6] .
- `` [ARG1 I] believe that any good lawyer should be able *-4 to figure out *RNR*-5 and understand *RNR*-5 patent law , '' [ARG0 Judge Mayer] [rel says] *T*-6 , [ARGM-ADV *-2 adding that `` it *EXP*-3 's the responsibility of highly paid lawyers -LRB- who *T*-1 argue before the court -RRB- * to make us understand -LRB- complex patent litigation -RRB-] . ''
- [rel Says] [ARG1 *ICH*-1] [ARG0 Ms. Raines] , `` -LRB- The judgment -RRB- confirms our concern that the absence of patent lawyers on the court could prove troublesome .
- [ARG0 Gary S. Goldstein , president of the Whitney Group , an executive search firm ,] [rel said] : `` [ARG1 I 'd like *-1 to see -LRB- Kidder -RRB- succeed] .
- [ARG0 Mr. Carpenter , a former consulting-firm executive who *T*-1 has a love for `` task forces , ''] [rel says] [ARG1 0 he has done a `` complete rethink '' of Kidder in recent months] .
- [ARG0 Mr. Carpenter] [rel says] [ARG1 that when he assumes full control *T*-1 , Kidder will finally tap the resources of GE] .
- [ARG1 Yet] , [rel says] 0 *T*-2 [ARG0 Mr. Carpenter] , `` We 've really started *-1 to exploit the synergy between GE Capital and Kidder Peabody . ''
- [ARG1 The units] have worked on 37 investment banking deals this year , [ARG0 he] [rel says] 0 *T*-1 , though not all of them have panned out .
- `` We 've had a good relationship with GE , which *T*-1 is [ARGM-TMP the first time] 0 [ARG0 you] [ARGM-MOD could] [rel say] [ARG1 that] *T*-2 -- uh , * let me withdraw that .
- [ARG1 It 's been a steadily improving relationship] , '' [rel says] *T*-1 [ARG0 Mr. Carpenter] .
- `` [ARG1 We are working significantly longer and harder than *?* has been the case in the past] , '' [rel says] *T*-1 [ARG0 Scott C. Newquist , Kidder 's head of investment banking since June] .
- [ARG1 A new in-house magazine] , Kidder World -- which *T*-1 will focus on the firm 's synergy strategy , [rel says] 0 *T*-2 [ARG0 Mr. Carpenter] -- confides that on weekends Mr. Newquist `` often gets value-added ideas while *-3 flying his single-engine Cessna Centurion on the way to Nantucket . ''
- `` [ARG1 The Kidder name is one of only six or seven that every CEO recognizes *T*-2 as a viable alternative '' when *-4 considering a merger deal *T*-3] , [ARG0 he] [rel says] *T*-1 .
- [ARGM-TMP Now] , [ARG0 the firm] [rel says] [ARG1 0 it 's at a turning point] .
- [ARG1 They will get `` new and improved tools 0 * to sell *T*-2 , particularly to the affluent investor] , '' [rel says] *T*-1 [ARG0 brokerage chief Charles V. Sheehan] .
- [ARGM-DIS However] , [ARG0 competitors] [rel say] [ARG1 that Kidder 's hiring binge involving executive-level staffers , some with multiple-year contract guarantees , could backfire unless there are results] .
- [ARG0 The departing Mr. Cathcart] [rel says] [ARG1 0 he has no worries about Kidder 's future] .
- [ARG0 Mr. Cathcart] [rel says] [ARG1 0 he has had `` a lot of fun '' at Kidder] , [ARGM-ADV *-1 adding 0 the crack about his being a `` tool-and-die man '' never bothered him] .
- `` [ARG1 It was an absolutely marvelous line and one 0 I used *T*-1 many times] , '' [ARG0 he] [rel says] *T*-2 .
- [ARGM-ADV *-2 Smiling broadly when he talks about Mr. Carpenter *T*-3] , [ARG0 Mr. Cathcart] [rel says] [ARG1 0 the new Kidder chief is `` going *-4 to be recognized *-1 shortly as one of the real leaders in the investment-banking business] . ''
- `` [ARG1 I 've done what I came *-2 to do *T*-1 '' at Kidder] , [ARG0 he] [rel says] 0 *T*-3 .
- [ARG0 Mr. Carpenter] [rel says] [ARG1 0 he will return Kidder to prominence as a great investment bank] .
- [ARGM-DIS However] , [ARGM-LOC at a news conference] [ARGM-TMP Thursday] , [ARG0 Mrs. Aquino] backed the project and [rel said] [ARG1 0 her government was attempting *-1 to soothe the feelings of residents at the original site , adjacent to the government 's major petroleum refinery in Bataan province] .
- [ARGM-DIS However] , [ARG0 Mr. Lee] [rel said] [ARG1 that USI Far East is confident 0 other investors will take up the slack] .
- [ARG0 He] [rel said] [ARG1 0 USI Far East has applied to both the Asian Development Bank and the World Bank 's International Finance Corp. for financing that *T*-1 could include equity stakes] .
- [ARG0 Mr. Lee , president of Luzon Petrochemical Corp. ,] [rel said] [ARG1 0 the contract was signed *-1 Wednesday in Tokyo with USI Far East officials] .
- `` [ARG1 The ramifications are enormous] , '' [rel says] *T*-2 [ARG0 Rep. Don Edwards , a California Democrat who *T*-1 is a senior member of the House Judiciary Committee] .
- [ARG1 Not so fast] , [rel says] *T*-1 [ARG0 Rep. Mickey Edwards of Oklahoma , a fellow Republican] .
- `` [ARG1 It 's a major issue , and they would n't want *-2 to leave it at a lower level] , '' [rel says] *T*-3 [ARG0 Stephen Glazier , a New York attorney whose writings *T*-1 have been instrumental in * pushing the idea that a president already has a line-item veto] .
- `` [ARG1 I consider it one of the stupidest ideas of the 20th century] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 If a president had a line-item veto and wanted *-1 to force him to support a controversial foreign-policy initiative] , [ARG0 Rep. Edwards] [rel says] 0 *T*-2 , the president could call and declare that he would single-handedly kill the BART funds unless the congressman `` shapes up '' on the foreign-policy issue .
- [ARG1 Lawmakers] , [ARG0 they] [rel say] 0 *T*-1 , would avoid *-3 putting many spending projects into legislation in the first place for fear of the embarrassment of * having them singled *-2 out for a line-item veto later .
- [ARG1 Whatever the outcome of a test case *T*-4 , President Bush would have *-2 to move cautiously becase the very attempt would `` antagonize not just Democrats but Republicans] , '' [rel says] *T*-3 [ARG0 Louis Fisher , a scholar at the Congressional Research Service who *T*-1 specializes in executive-legislative relations] .
- [ARG0 White House spokesmen] [ARGM-TMP last week] [rel said] [ARG1 0 Mr. Bush is considering *-2 simply declaring that the Constitution gives him the power , exercising a line-item veto and inviting a court challenge 0 * to decide whether he has the right *T*-1] .
- [ARG0 Analysts] [rel say] [ARG1 0 much of Kellogg 's erosion has been in such core brands as Corn Flakes , Rice Krispies and Frosted Flakes , which *T*-1 represent nearly one-third of its sales volume] .
- [ARG1 Kellogg is so anxious *-1 to turn around Corn Flakes sales that it soon will begin *-3 selling boxes for as little as 99 cents] , [ARG0 trade sources] [rel say] 0 *T*-2 .
- `` [ARG1 Cheerios and Honey Nut Cheerios have eaten away sales normally going to Kellogg 's corn-based lines simply because they are made *-1 of oats] , '' [rel says] *T*-2 [ARG0 Merrill Lynch food analyst William Maguire] .
- `` [ARG1 I do n't think 0 Kellogg can get back to 40 % this year] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Maxwell] [rel said] [ARG1 0 he would n't be surprised if , over the next two years or so , General Mills ' share increased to 30 % or more] .
- [ARGM-ADV In *-1 announcing the plant delay] , [ARG0 Kellogg Chairman William E. LaMothe] [rel said] , `` [ARG1 Cereal volume growth in the U.S. has not met our expectations for 1989] . ''
- [ARG0 He] [rel said] [ARG1 0 construction would n't resume until market conditions warrant it] .
- [ARG0 A Kellogg officer , who *T*-2 asked not *-3 to be named *-1 ,] [rel said] [ARG1 0 the Memphis project was `` pulled *-4 in for a reconsideration of costs , '' an indication that the ambitious plans might be scaled *-5 back in any future construction] .
- [ARG0 A company spokesman] [rel said] [ARG1 0 it *EXP*-2 was `` possible , but highly unlikely , '' that the plant might never be built *-1] .
- `` [ARG1 As we regain our leadership level where we have been *T*-3 , and as we continue *-1 to put new products into the marketplace and need additional capacity , we will look at *-4 resuming our involvement with our plan] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Subcontractors] [rel said] [ARG1 0 they were told *-1 that equipment orders would be delayed *-2] .
- [ARG1 Fluor Daniel already has reassigned most of its work crew] , [ARG0 the sources] [rel said] 0 *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 it was delaying construction because of current market conditions] .
- [ARG0 PARKER HANNIFIN Corp. , which *T*-1 is selling three automotive replacement parts divisions ,] [rel said] [ARG1 0 it will retain its Automotive Connectors and Cliff Impact divisions] .
- [ARG1 The delisting of Malaysian-based companies from the Singapore exchange may not be a smooth process] , [ARG0 analysts] [rel say] 0 *T*-1 .
- [ARG1 Italy 's trade deficit narrowed to 2.007 trillion lire -LRB- $ 1.49 billion *U* -RRB- in September from 2.616 trillion lire a year earlier] , [ARG0 the state statistical office Istat] [rel said] 0 *T*-1 .
- [ARG0 Istat] [rel said] [ARG1 0 the statistics are provisional and are n't seasonally adjusted *-1] .
- `` [ARG1 I want this to be a model of the way 0 a public-owned company should be run *-1 *T*-3] , '' [ARG0 Mr. Luzon] [rel says] *T*-2 .
- Under the direction of its new chairman , Francisco Luzon , Spain 's seventh largest bank is undergoing [ARG1 a tough restructuring] that [ARG0 analysts] [rel say] 0 *T*-1 may be the first step toward the bank 's privatization .
- [ARG1 The bank was hamstrung *-1 in its efforts * to face the challenges of a changing market by its links to the government] , [ARG0 analysts] [rel say] 0 *T*-2 .
- [ARGM-TMP Now] [ARG0 it] [rel says] [ARG1 0 it 'll trim another 1,200 jobs over the next three to four years] .
- [ARGM-ADV Though Spain has an excess of banks] , [ARG0 analysts] [rel say] [ARG1 0 the country still has one of the most profitable markets in Europe , which *T*-1 will aid Banco Exterior with the tough tasks 0 it faces *T*-2 ahead] .
- [ARG0 The bank] [rel says] [ARG1 0 it 's interested in *-1 purchasing banks in Morocco , Portugal and Puerto Rico] .
- [ARG0 The bank] [ARGM-DIS also] [rel says] [ARG1 0 it 'll use its international network *-1 to channel investment from London , Frankfurt , Zurich and Paris into the Spanish stock exchanges] .
- [ARGM-ADV If that proves true] , [ARG0 analysts] [rel say] [ARG1 0 Banco Exterior could be a prime partner -- or even a takeover target -- for either a Spanish or foreign bank seeking * to increase its market share after 1992 , when the European Community plans *-3 to dismantle financial barriers *T*-4] .
- [ARG0 Mr. Luzon and his team] , [ARGM-DIS however] , [rel say] [ARG1 0 they are n't interested in a merger] .
- [ARG0 Mr. Pearce] [rel says] [ARG1 law firms with the best chance of * retaining or winning business with GM will be those providing the highest-quality service at the best cost] -- [ARGM-ADV *-1 echoing similar directives from GM 's auto operations to suppliers] .
- This does n't necessarily mean 0 larger firms have an advantage ; [ARG0 Mr. Pearce] [rel said] [ARG1 0 GM works with a number of smaller firms 0 it regards *T*-1 highly] .
- [ARG0 Harry J. Pearce , named * general counsel in May 1987 ,] [rel says] [ARG1 0 the reduction is a cost-cutting measure and an effort * to let the No. 1 auto maker 's 134-lawyer in-house legal department take on matters 0 it is better equipped and trained *-2 to handle *T*-1] .
- [ARG0 David Burnham , one of the authors ,] [rel says] [ARG1 0 fewer trials probably means a growing number of plea bargains] .
- `` [ARG1 Our felony caseloads have been consistent for 20 years , '' with about 15 % of all prosecutions going to trial] , [ARG0 a department spokeswoman] [rel said] 0 *T*-1 .
- The discrepancy is somewhat perplexing in that [ARG0 the Syracuse researchers] [rel said] [ARG1 0 they based their conclusions on government statistics] .
- `` [ARG1 One possible explanation for this decline '' in * taking cases to trial] , [rel says] 0 *T*-1 [ARG0 Mr. Burnham] , `` is that the number of defendants being charged * with crimes by all U.S. attorneys has substantially increased . ''
- [ARG1 GM trimmed about 40 firms from its approved local counsel list] , [ARG0 Mr. Pearce] [rel says] 0 *T*-1 .
- [ARG0 IMELDA MARCOS] asks for dismissal , [rel says] [ARG1 0 she was kidnapped *-1] .
- [ARG0 The U.S. attorney 's office] , [ARGM-LOC in documents 0 it filed *T*-2 in response] , [rel said] [ARG1 0 Mrs. Marcos was making the `` fanciful -- and factually unsupported -- claim that she was kidnapped *-1 into this country '' in order *-3 to obtain classified material in the case] .
- [ARG0 The office] [ARGM-DIS also] [rel said] [ARG1 0 Mrs. Marcos and her husband were n't brought *-2 to the U.S. against their will after Mr. Marcos was ousted *-1 as president] .
- The prosecutor quoted statements from the Marcoses in which [ARG0 they] [rel said] [ARG1 0 they were in this country at the invitation of President Reagan and that they were enjoying the hospitality of the U.S.] *T*-1 .
- [ARG0 Lawyers for Mrs. Marcos] [rel say] [ARG1 that because she was taken *-1 to the U.S. against her wishes , the federal court lacks jurisdiction in the case] .
- [ARG0 The appeals court] , [ARGM-DIS however] , [rel said] [ARG1 0 the judge did n't adequately consider whether the delay would actually hurt the chances of a fair trial] .
- `` [ARG1 We believe 0 our suggested plan is more likely *-2 to improve the availability of quality legal service to the poor than is the proposed mandatory pro bono plan *?* and will achieve that objective without the divisiveness , distraction , administrative burdens and possible failure that we fear 0 *T*-3 would accompany an attempt * to impose a mandatory plan] , '' [rel said] *T*-4 [ARG0 Justin L. Vigdor of Rochester , who *T*-1 headed the bar 's pro bono study committee] .
- DALLAS AND HOUSTON law firms merge : [ARG0 Jackson & Walker , a 130-lawyer firm in Dallas and Datson & Scofield , a 70-lawyer firm in Houston] [rel said] [ARG1 0 they have agreed in principle *-1 to merge] .
- `` [ARG1 It is a cheap-shot suit -- procedurally defective and thoroughly fallacious -- which *T*-1 was hurriedly filed *-3 by a contingency-fee lawyer as a result of newspaper reports] , '' [rel said] *T*-2 [ARG0 a GE spokeswoman] .
- The head of the nation 's largest car-dealers group is telling [ARG0 dealers] *-1 to `` [ARGM-ADV just] [rel say] [ARG1 no] '' [ARGM-TMP when auto makers pressure them to stockpile cars on their lots *T*-2] .
- [ARGM-LOC In an open letter that *T*-1 will run today in the trade journal Automotive News] , [ARG0 Ron Tonkin , president of the National Car Dealers Association ,] [rel says] [ARG1 0 dealers should cut their inventories to no more than half the level traditionally considered * desirable] .
- [ARG0 Mr. Tonkin , who *T*-1 has been feuding with the Big Three since he took office earlier this year ,] [rel said] [ARG1 that with half of the nation 's dealers losing money or breaking even , it was time for `` emergency action] . ''
- [ARGM-DIS But] [ARG0 Mr. Tonkin] [rel said] [ARG1 0 dealers should slash stocks to between 15 and 30 days *-1 to reduce the costs of *-2 financing inventory] .
- [ARGM-TMP Even before Mr. Tonkin 's broadside] , [ARG0 some large dealers] [rel said] [ARG1 0 they were cutting inventories] .
- [ARG1 It `` is going *-1 to sound neat to the dealer *NOT* except when his 15-day car supply does n't include the bright red one that the lady wants *-3 to buy *T*-2 *T*-4 and she goes up the street *-5 to buy one *T*-4] , '' [ARG0 a Chrysler spokesman] [rel said] *T*-6 .
- `` [ARG1 We have no further developments 0 * to report *T*-2] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-ADV While Southern Co. has been reluctant *-2 to discuss the grand jury investigations] , [ARG0 Edward L. Addison , chief executive officer ,] has [rel said] [ARG1 0 the company is prepared *-3 to defend its tax and acccounting practices if any charges are brought *-1 against it] .
- [ARGM-DIS Morever] , [ARG0 Mr. Addison] has [rel said] [ARG1 0 Southern Co. and its units do n't condone illegal political contributions] .
- [ARG0 Witnesses] have [rel said] [ARG1 0 the grand jury has asked numerous questions about Jacob F. `` Jake '' Horton , the senior vice president of Gulf Power who *T*-1 died in the plane crash in April] .
- [ARG0 Gulf Power] [rel said] [ARGM-TMP in May] [ARG1 that an internal audit had disclosed that at least one vendor had used false invoices *-1 to fund political causes] .
- [ARGM-DIS But] [ARG0 the company] [rel said] [ARG1 0 the political contributions had been made *-1 more than five years ago] .
- [ARG0 The individuals] [rel said] [ARG1 0 Gulf Power and federal prosecutors are considering a settlement under which the company would plead guilty to two felony charges and pay fines totaling between $ 500,000 and $ 1.5 million *U* *T*-1] .
- [ARG1 The guilty pleas would be made *-1 solely by Gulf Power] , [ARG0 the individuals] [rel said] 0 *T*-2 .
- [ARG0 A spokesman for Southern Co.] [ARGM-MOD would] [rel say] [ARGM-ADV only] [ARG1 that discussions *ICH*-1 are continuing between Gulf Power and federal prosecutors] .
- [ARG0 Exxon Corp.] is resigning from the National Wildlife Federation 's corporate advisory panel , *-1 [rel saying] [ARG1 0 the conservation group has been unfairly critical of the Exxon Valdez oil spill along the Alaskan coast] .
- [ARG0 The federation] [rel said] [ARGM-TMP Friday] [ARG1 that it regrets the resignation] , but issued a stinging response that *T*-1 called Exxon a `` corporate pariah '' that *T*-2 should keep an open dialogue with environmentalists .
- [ARGM-LOC In a letter to the federation] , [ARG0 Raymond Campion , Exxon 's environmental coordinator ,] [rel said] : `` [ARG1 Recent public actions by you regarding the Valdez oil spill have failed *-1 to demonstrate any sense of objectivity or fairness] . ''
- [ARG0 First Tennessee National Corp.] [rel said] [ARG1 0 it would take a $ 4 million *U* charge in the fourth quarter , as a result of plans * to expand its systems operation] .
- [ARG0 The banking company] [rel said] [ARG1 0 it reached an agreement in principle with International Business Machines Corp. on a systems operations contract calling for IBM to operate First Tennessee 's computer and telecommunications functions] .
- [ARG0 First Tennessee] , [ARGM-ADV *-1 assisted *-2 by IBM] , [rel said] [ARG1 0 it will attempt *-3 to place the employees within the company , IBM or other companies in Memphis] .
- [ARG1 The process will take as many as six months * to complete] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 The Treasury Department] [rel said] [ARG1 0 the U.S. trade deficit may worsen next year , after two years of significant improvement] .
- [ARGM-LOC In its report to Congress on international economic policies] , [ARG0 the Treasury] [rel said] [ARG1 that any improvement in the broadest measure of trade , known * as the current account , `` is likely at best *-1 to be very modest , '' and `` the possibility of deterioration in the current account next year can not be excluded *-2] . ''
- `` [ARG1 We believe that there have continued *-3 to be indications of exchange-rate ` manipulation ' '' during the past six months] , [ARG0 it] [rel said] 0 *T*-2 , [ARGM-ADV *-1 citing the lack of market forces in South Korea 's exchange-rate system and the use *ICH*-4 of capital and interest-rate controls * to manipulate exchange rates] .
- [ARG0 The Treasury] [rel said] [ARG1 0 Taiwan has liberalized its exchange rate system in the past year] .
- [ARGM-LOC In a remark 0 someone should remember *T*-1 this time next year] , [ARG0 Senator Sasser] [rel said] , `` [ARG1 I think 0 we 've seen the peak of military construction spending for many years 0 *T*-2 to come] . ''
- [ARG0 Treasury officials] [rel say] [ARG1 0 the Costa Rican agreement demonstrates that the Brady debt plan can benefit small debtor countries as well as big debtors , such as Mexico] .
- [ARG0 The Treasury] [rel said] [ARG1 0 it plans *-1 to sell $ 2 billion *U* of 51-day cash-management bills today , *-2 raising all new cash] .
- [ARG0 The Treasury] [ARGM-DIS also] [rel said] [ARG1 0 noncompetitive tenders will be considered *-1 timely if *-1 postmarked *-2 no later than Sunday , Oct. 29 , and received no later than tomorrow] .
- [ARG0 The Treasury] [rel said] [ARG1 0 it wo n't be able *-1 to honor reinvestment requests from holders of bills maturing Nov. 2 held * in the Treasury 's book-entry system] .
- [ARG0 American Pioneer Inc.] [rel said] [ARG1 0 it agreed in principle *-1 to sell its American Pioneer Life Insurance Co. subsidiary to Harcourt Brace Jovanovich Inc. 's HBJ Insurance Cos. for $ 27 million *U*] .
- [ARG0 American Pioneer , parent of American Pioneer Savings Bank ,] [rel said] [ARG1 0 the sale will add capital and reduce the level of investments in subsidiaries for the thrift holding company] .
- [ARG0 The company] [rel said] [ARG1 0 the move was necessary *-1 to meet capital requirements] .
- [ARG1 The transaction is subject to execution of a definitive purchase agreement and approval by various regulatory agencies , including the insurance departments of the states of Florida and Indiana] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Samuel D. Kahan , chief financial economist at Kleinwort Benson Government Securities Inc. , Chicago ,] [rel said] [ARG1 that the purchasers ' report is valuable because it often presents the first inkling of economic data for the month] .
- [ARG0 David Wyss , chief financial economist at Data Resources Inc. , Boston ,] [rel said] [ARG1 that the purchasers ' index `` does miss occasionally] , '' [ARGM-ADV *-1 adding : `` When it misses one month *T*-2 it tends *-3 to miss the next month , too] . ''
- [ARG0 Economists] [rel said] [ARG1 0 greatly increased consumer optimism , a larger money supply and higher stock prices helped *-1 lift the index] .
- [ARG1 Usually , October `` is n't a very interesting month -LCB- for retail figures -RCB- because school clothes have been bought *-1 and people are waiting for December *-3 to buy Christmas presents] , '' [ARG0 he] [rel said] 0 *T*-2 .
- But [ARG0 Mr. Wyss] [rel said] [ARG1 0 he will watch the numbers *-1 to get an inkling of whether consumers ' general buying habits may slack off as much as their auto-buying apparently has *?*] .
- [ARG1 But the actual head count of non-farm employment payroll jobs is likely *-3 to be muddied *-1 by the impact of Hurricane Hugo , strikes , and less-than-perfect seasonal adjustments] , [ARG0 economists] [rel said] 0 *T*-2 .
- `` [ARG1 The employment report is going *-2 to be difficult 0 * to interpret *T*-3] , '' [rel said] *T*-1 [ARG0 Michael Englund , economist with MMS International , a unit of McGraw-Hill Inc. , New York] .
- [ARG1 Factory owners are buying new machinery at a good rate this fall] , [ARG0 machine tool makers] [rel say] 0 *T*-1 , but sluggish sales of new cars and trucks raise questions about fourth-quarter demand from the important automotive industry .
- `` [ARG1 September was one of the biggest order months in our history] , '' [rel says] *T*-1 [ARG0 James R. Roberts , vice president , world-wide sales and marketing , for Giddings & Lewis Inc. , Fond du Lac , Wis] .
- [ARG1 At a recent meeting of manufacturing executives , `` everybody 0 I talked with *T*-1 was very positive] , '' [ARG0 he] [rel says] 0 *T*-2 .
- [ARG0 Most] [rel say] [ARG1 0 they plan *-1 to spend more *ICH*-2 on factory equipment in 1990 than in 1989] .
- [ARG1 Auto makers , who *T*-1 began *-2 deferring some equipment purchases last spring , can be expected *-3 to remain cautious about spending if their sales do n't pick up] , [ARG0 machine tool builders] [rel say] 0 *T*-4 .
- `` The Commerce Department says * go , and [ARG0 the Defense Department] [rel says] [ARG1 * stop] , '' complains *T*-1 one machine tool producer .
- `` [ARG0 The Commerce Department] [rel says] [ARG1 * go] , and the Defense Department says * stop , '' complains *T*-1 one machine tool producer .
- [ARG1 If that controversy continues] , [ARG0 U.S. machine tool makers] [rel say] 0 *T*-2 , West German and other foreign producers are likely *-1 to grab most of the sales in Eastern Europe .
- [ARG1 September orders for machining centers , lathes , milling machines , grinders , boring mills and other machines that *T*-1 shape metal by cutting totaled $ 192.9 million *U* , down 28 % from $ 266.5 million *U* a year earlier , but a 23 % increase from August 's $ 156.3 million *U*] , [ARG0 NMTBA] [rel said] 0 *T*-2 .
- [ARG1 Domestic machine tool plants received $ 303 million *U* of orders last month , up 33 % from August 's $ 227.1 million *U* , but still below the $ 328.2 million *U* of September 1988] , [ARG0 NMTBA] [rel said] 0 *T*-1 .
- `` [ARG1 Overall demand still is very respectable] , '' [rel says] *T*-1 [ARG0 Christopher C. Cole , group vice president at Cincinnati Milacron Inc. , the nation 's largest machine tool producer] .
- `` [ARG1 Aerospace orders are very good] , '' [ARG0 Mr. Cole] [rel says] *T*-1 .
- `` [ARG1 The rate of failures will be much more than the rate of successes in the mega-projects] , '' [rel says] *T*-1 [ARG0 G.S. Patel , a former chairman of the giant , government-run mutual fund , the Unit Trust of India] .
- `` [ARG1 When they talk mega-issues *T*-1 , they 're truly talking mega] , '' [rel says] *T*-2 [ARG0 S.A. Dave , chairman of the Securities and Exchange Board of India] .
- [ARG0 He] [rel said] [ARG1 0 industry should build plants on the same scale as those outside India and benefit from economies of scale] .
- [ARG1 If the output was too great for the domestic market] , [ARG0 he] [rel said] 0 *T*-1 , companies should export .
- [ARG0 The buoyant Bombay rumor mill] [ARGM-DIS also] [rel says] [ARG1 that some of the money raised * in the current spate of issues will be used *-1 as campaign donations before the elections] .
- `` [ARG1 I] do n't think 0 it will lead to any chaos in the secondary market , '' [rel says] *T*-2 [ARG0 Mr. Patel] , `` only a sagging tendency . ''
- [rel Says] 0 [ARG1 *T*-2] [ARG0 M.J. Pherwani , chairman of the Unit Trust of India] : The `` markets are headed *-1 for growth unheard of and unseen before . ''
- `` [ARG1 Mega or non-mega , we feel 0 the prospectus standards *T*-4 need *-3 to be considerably improved *-2] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 He] [rel says] [ARG1 0 the big questions -- `` Do you really need this much money *-2 to put up these investments ? Have you told investors what *T*-1 is happening in your sector ? What about your track record ? -- `` are n't asked *-3 of companies coming to market] .
- [ARG1 Instead] , [ARG0 he] [rel says] 0 *T*-2 , most investors have *-1 to rely on the rumor-happy Indian press .
- [ARG0 Larsen & Toubro] , [ARGM-DIS for example] , [rel says] [ARG1 it 's raising $ 570 million *U* 0 * to use *T*-1 as supplier credit on large engineering jobs] .
- `` [ARG1 Someone must monitor where the funds are deployed *-1 *T*-3] , '' [rel says] *T*-2 [ARG0 Mr. Dave] .
- [ARG0 It] [rel says] [ARG1 that despite loose regulation of the market itself , its longstanding regulation of industry will prevent such crashes] .
- [ARG0 Lion Nathan Ltd. , a New Zealand brewing and retail concern ,] [rel said] [ARGM-TMP Friday] [ARG1 that Bond Corp . Holdings Ltd. is `` committed '' *-1 to a transaction whereby Lion Nathan would acquire 50 % of Bond 's Australian brewing assets *T*-2] .
- Lion Nathan issued [ARG0 a statement] [rel saying] [ARG1 0 it is applying to Australia 's National Companies & Securities Commission , the nation 's corporate watchdog agency , for a modification to takeover regulations `` similar to that obtained * by '' S.A. Brewing Holdings Ltd] .
- `` [ARG1 Lion Nathan has a concluded contract with Bond and Bell Resources] , '' [rel said] *T*-1 [ARG0 Douglas Myers , chief executive of Lion Nathan] .
- [ARG0 Finnair and SAS] [rel said] [ARG1 0 they plan *-1 to swap stakes in each other] .
- [ARG1 Finnair would receive SAS shares valued * at the same amount] , [ARG0 officials] [rel said] 0 *T*-1 .
- [ARG0 Ford] , [ARGM-DIS on the other hand] , has [rel said] [ARG1 0 it 's willing *-1 to bid for all of Jaguar , despite the objections of Jaguar chairman Sir John Egan] .
- [ARGM-DIS But] [ARG0 a Ford spokeswoman in Dearborn] [rel said] [ARGM-TMP Friday] [ARG1 0 the company has n't requested such a meeting yet] .
- `` [ARG1 There 's either a minority -LCB- stake -RCB- package capable of * getting Jaguar shareholder approval or there is n't *?*] , '' [rel said] *T*-1 [ARG0 one knowledgeable individual] . ``
- [ARG0 One auto-industry union leader] [rel said] , `` [ARG1 If they try *-1 to build it somewhere else -LCB- in Europe -RCB- besides the U.K. , they are going *-2 to be in big trouble '' with unionists over any Jaguar deal] .
- [ARG0 A spokesman for GM , the No. 1 auto maker ,] declined *-2 to [rel say] [ARG1 how many Jaguar shares that company owns *T*-1] .
- [ARG1 Ms. Chung 's] , [ARGM-DIS however] , is [rel said] *-1 to be the only network news program in history 0 *T*-2 to employ casting directors .
- [ARG0 Gerald Stone , the executive producer of `` A Current Affair , ''] [rel says] , `` [ARG1 We have opened eyes to * being a little less conservative and more imaginative in how * to present the news *T*-1] . ''
- `` [ARG1 There was a roll of laughter through the stands] , '' [rel says] *T*-1 [ARG0 Joe Sukle , the editor of the weekly Press and Journal in Middletown] .
- [ARG0 Mr. Sukle] [rel says] [ARG1 0 he would n't dream of *-1 participating himself] :
- [rel Says] [ARG1 *ICH*-1] [ARG0 she] : `` Once you add dramatizations , it 's no longer news , it 's drama , and that has no place on a network news broadcast ... .
- [ARG0 Both women] [rel say] [ARG1 0 they also find it *EXP*-1 distasteful that CBS News is apparently concentrating on Mr. Hoffman 's problems as a manic-depressive] .
- `` [ARG1 This is dangerous and misrepresents Abbie 's life] , '' [rel says] *T*-2 [ARG0 Ms. Lawrenson , who *T*-1 has had an advance look at the 36-page script] .
- [ARG0 Mrs. Hoffman] [rel says] [ARG1 that dramatization `` makes the truth flexible] .
- [ARG0 Mr. Silvers] [rel says] , `` [ARG1 I wanted *-2 to be interviewed *-1 *-2 to get Abbie 's story out , and maybe * talking about the illness will do some good] . ''
- `` [ARG1 I do n't talk about my work] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 One person close to the process] says 0 it *EXP*-1 would not be in the best interest of CBS News * to comment on a `` work in progress , '' such as the Hoffman re-creation , but [rel says] [ARG1 0 CBS News is `` aware '' of the concerns of Ms. Lawrenson and Mr. Hoffman 's former wife] .
- [ARG0 One person close to the process] [rel says] [ARG1 0 it *EXP*-1 would not be in the best interest of CBS News * to comment on a `` work in progress , '' such as the Hoffman re-creation] , but says 0 CBS News is `` aware '' of the concerns of Ms. Lawrenson and Mr. Hoffman 's former wife .
- [ARG0 Mr. Lieber , the actor who *T*-2 plays Mr. Hoffman ,] [rel says] [ARG1 0 he was concerned *ICH*-4 at first that the script would `` misrepresent an astute political mind , one that I admired *T*-3 , '' but that his concerns were allayed *-1] .
- [ARG1 The producers] , [ARG0 he] [rel says] 0 *T*-3 , did a good job of * depicting someone `` who *T*-1 had done so much , but who *T*-2 was also a manic-depressive .
- [ARGM-DIS For example] , [ARG0 the spokesman] [rel says] [ARG1 0 Dentsu has been approached *-1 by banks and securities companies a number of times *-2 to invest in the troubled British marketing group Saatchi & Saatchi PLC] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 Dentsu has n't looked seriously at Saatchi] .
- Though [ARG0 Dentsu] [rel says] [ARG1 0 it has no concrete acquisition plans or deadlines] , it is laying the groundwork for international growth .
- [ARG1 Japanese agencies do business with rival clients in the same industry , a practice `` that *T*-1 would be unacceptable by traditional Western conflict rules] , '' [rel says] 0 *T*-2 [ARG0 Roy Warman , the London chief executive of Saatchi & Saatchi 's communications division] .
- [ARG1 Although * acquiring a foreign company would expand Japanese advertising agencies ' business to foreign clients , many clients would also be Japanese companies expanding overseas] , [rel says] 0 *T*-1 [ARG0 the Dentsu spokesman] .
- `` [ARG1 If we do n't do something ... we wo n't be able *-2 to catch up with demand] , '' [rel says] *T*-1 [ARG0 a Dentsu spokesman] .
- `` [ARG0 Our president] [rel said] [ARG1 0 acquisition is an effective method] . ''
- [ARG0 Ciba-Geigy AG , the big Swiss chemicals company ,] [rel said] [ARG1 that it agreed in a letter of intent with Corning Inc. *-1 to acquire Corning 's 50 % share of Ciba Corning Diagnostics Corp. , based * in Medfield , Mass] .
- [ARG1 Ciba Corning , which *T*-51 had been a 50-50 venture between Basel-based Ciba-Geigy and Corning , has annual sales of about $ 300 million *U*] , [ARG0 the announcement] [rel said] 0 *T*-1 .
- [ARG0 The announcement] [rel said] [ARG1 0 the acquisition should be completed *-1 by December after a definitive agreement is completed *-2 and regulatory approval is received *-3] .
- [ARG0 John Labatt Ltd.] [rel said] [ARG1 0 it plans a private placement of 150 million Canadian dollars -LRB- US$ 127.5 million *U* -RRB- in preferred shares , 0 *T*-2 to be completed *-1 around Nov. 1] .
- [ARG1 Proceeds will be used *-1 *-2 to reduce short-term debt at the beer and food concern] , [rel said] [ARG0 Robert Vaux , vice president , finance] .
- [ARG0 Mr. Vaux] [rel said] [ARG1 that if no agreement is reached *-1 , other buyers will be sought *-2 by bid or auction] .
- [ARG0 Mr. Vaux] [rel said] [ARG1 0 the share issue is part of a strategy 0 * to strengthen Labatt 's balance sheet in anticipation of acquisitions 0 *T*-3 to be made *-1 during the next 12 to 18 months *T*-2] .
- [ARG1 Labatt 's has no takeover bids outstanding currently] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Shearson Lehman Hutton Inc.] [rel said] [ARG1 0 it applied to Taiwanese securities officials for permission * to open brokerage offices in Taipei] .
- [ARG0 A spokesman for Shearson] [rel said] [ARG1 0 the brokerage service will be directed *-1 at individual investors who *T*-2 want *-3 to buy foreign and domestic stocks] .
- `` [ARG1 The big mo is as much of a factor in retailing as in politics] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-LOC In a new report] , [ARG0 the International Council of Shopping Centers] [rel said] [ARG1 0 sales of general merchandise in the West for the first seven months of 1989 rose 6.6 % above year-earlier levels] .
- [ARG0 Mr. Lagnado] [rel said] [ARG1 strength in employment appears *-1 to have the biggest impact on sales growth] .
- [ARG0 Mr. Lagnado] [rel said] [ARG1 that although retailers probably wo n't ever recover sales lost * because of the California quake and Hurricane Hugo , they could see some benefits later on] .
- [ARG1 Stores such as Sears that *T*-1 sell big-ticket durable goods might actually get a boost as consumers rush *-3 to replace items lost * in the disasters] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 But sales in the oil-patch state of Texas surged 12.9 % and sales in South Carolina jumped 10.6 % in the period] , [ARG0 the New York trade group] [rel said] 0 *T*-1 .
- [ARG1 The numbers show that `` we do n't have a monolithic economy] , '' [rel said] *T*-1 [ARG0 Isaac Lagnado , council research director] .
- [ARG1 Sales nationally rose 3.9 % through July , the latest month for which the figures are available *T*-2] , [ARG0 the council] [rel said] 0 *T*-1 .
- [ARG0 Kerr-McGee Corp.] [rel said] [ARG1 0 it will spend $ 42 million *U* *-1 to purchase land and relocate its ammonium perchlorate storage facility to Clark County , Nev. , from Henderson , Nev] .
- [ARG1 The Henderson plant will continue its other chemical operations] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 it will move the storage and cross-blending operations to a site 23 miles northeast of Las Vegas *-1 to distance the operations from residential areas] .
- [ARG1 When the plant was destroyed *-1 *T*-2 , `` I think everyone got concerned that the same thing would happen at our plant] , '' [ARG0 a KerrMcGee spokeswoman] [rel said] 0 *T*-3 .
- [ARG0 Kerr-McGee] [rel said] [ARG1 0 it has purchased 3,350 acres from the federal government in Clark County and plans *-1 to begin construction early next year] .
- [ARG0 This maker of electronic devices] [rel said] [ARG1 0 it replaced all five incumbent directors at a special meeting called * by Milton B. Hollander , whose High Technology Holding Co. of Stamford , Conn. *T*-1 acquired most of its 49.4 % stake in Newport in August] .
- Newport officials did n't respond Friday to requests * to discuss the changes at the company but [ARGM-TMP earlier] , [ARG0 Mr. Weekes] had [rel said] [ARG1 0 Mr. Hollander wanted *-1 to have his own team on the board] .
- [ARG0 Shiseido Co. , Japan 's leading cosmetics producer ,] [rel said] [ARG1 0 it had net income of 5.64 billion yen -LRB- $ 39.7 million *U* -RRB- in its first half , which *T*-1 ended Sept. 30] .
- [ARG0 It] [rel said] [ARG1 0 it expects net to rise to 11 billion yen from 8.22 billion yen] .
- [ARG1 Merger and acquisition activity in the third quarter exceeded the year-earlier pace] , [rel said] 0 *T*-1 [ARG0 Merrill Lynch & Co. 's W.T. Grimm & Co. unit in Schaumburg , Ill] .
- [ARG1 A total of 672 transactions were announced *-1 during the latest quarter , up 13 % from the year-earlier period 's 597] , [ARG0 Grimm] [rel said] 0 *T*-3 .
- [ARGM-ADV *-1 Citing current stock market conditions and the trend away from highly leveraged transactions] , [ARG0 Grimm] [rel said] [ARG1 0 it was n't certain that the total value of transactions for the year will exceed the record $ 247 billion *U* in 1988] .
- [ARG0 The franchiser of pharmacies] [rel said] [ARG1 0 the added shares will be distributed *-1 Dec. 4 to stock of record Nov. 13] .
- [ARG0 NBI Inc.] [rel said] [ARG1 that it can not pay the Oct. 31 dividend on its Series A convertible preferred stock , * allowing the stock 's holder to convert the shares into as much as 27.7 % of NBI 's shares outstanding] .
- [ARG0 NBI] [rel said] [ARG1 that it has the funds 0 * to pay the dividend *T*-1 , but that it does n't have the surplus or profit required * under Delaware law for payment of the dividend] .
- Under terms of the stock , the Yukon ESOP can demand that the stock be redeemed *-1 for $ 4,090,000 *U* on Nov. 30 , but [ARG0 NBI] [rel said] [ARG1 0 it is legally prohibited *-2 from *-3 making the redemption] .
- [ARG0 NBI , a maker of word-processing systems ,] [rel said] [ARG1 0 it ca n't predict if any of the preferred stock will be converted *-1] .
- [ARG0 NBI] [ARGM-DIS also] [rel said] [ARG1 0 it has hired Prudential-Bache Securities Inc. as its financial adviser and investment banker *-1 to help it restructure financially and improve its balance sheet] .
- [ARG0 James Snedeker , senior vice president of Gill & Roeser Inc. , a New York-based reinsurance broker ,] [rel says] [ARG1 0 insurers who *T*-1 took big losses this fall and had purchased little reinsurance in recent years will be asked *-2 *-3 to pay some pretty hefty rates if they want *-4 to buy reinsurance for 1990] .
- `` [ARG1 It 's a seller 's market] , '' [rel said] *T*-1 [ARG0 Mr. Snedeker] of [ARG3-of the reinsurance market right now] .
- [ARG1 Since few insurers have announced what amount of losses *ICH*-5 they expect *-1 to see *T*-3 from the earthquake , it *EXP*-2 's impossible * to get a clear picture of the quake 's impact on fourth-quarter earnings] , [rel said] 0 *T*-4 [ARG0 Herbert Goodfriend at Prudential-Bache Securities Corp] .
- [ARGM-DIS However] , [ARG0 insurance brokers and executives] [rel say] [ARG1 that the combination of the Bay area earthquake , Hugo and last week 's explosion at the Phillips Petroleum Co. 's refinery in Pasadena , Texas , will cause property insurance and reinsurance rates to jump] .
- [ARG1 Other insurance rates such as casualty insurance , which *T*-1 would cover liability claims , are n't likely *-2 to firm right away] , [rel says] 0 *T*-3 [ARG0 Alice Cornish , an industry analyst with Northington Research in Avon , Conn] .
- `` [ARG1 The reinsurance market has been bloodied *-2 by disasters '' in the U.S. as well as in Great Britain and Europe] , [rel says] 0 *T*-1 [ARG0 Thomas Rosencrants , director of research at Interstate\/Johnson Lane Inc. in Atlanta] .
- [ARG0 Sharp Corp. , Tokyo ,] [rel said] [ARG1 0 net income in its first half rose 59 % to 18.32 billion yen -LRB- $ 128.9 million *U* -RRB- from 11.53 billion yen a year earlier] .
- [ARG0 The consumer electronics , home appliances and information-processing concern] [rel said] [ARG1 0 revenue in the six months ended Sept. 30 rose 8.9 % to 517.85 billion yen from 475.6 billion yen] .
- [ARG0 It] [rel said] [ARG1 0 it expects net to rise 45 % to 380 billion yen] .
- [ARG0 The company] [rel said] [ARG1 0 the debentures are being issued *-1 at an issue price of $ 849 *U* for each $ 1,000 *U* principal amount and are convertible at any time prior to maturity at a conversion price of $ 25 *U* a share] .
- [ARG0 Wilfred American Educational Corp.] [rel said] [ARG1 0 a federal grand jury in Boston indicted the operator of cosmetology and business schools for mail fraud] .
- [ARG1 The charges in the 12-count indictment , which *T*-1 stem from events that *T*-2 allegedly occurred in late 1984 and early 1985 , involve enrollment procedures of six students and the preparation of certain reports] , [ARG0 Wilfred] [rel said] 0 *T*-3 .
- [ARG0 Wilfred American] [rel said] [ARG1 0 it will `` vigorously defend '' itself against the charges] and added that the charges relate to procedures that it has since changed *T*-1 .
- [ARG0 Rally 's Inc.] [rel said] [ARG1 0 it filed suit in U.S. District Court in Delaware against a group led * by Burt Sugarman , *-1 seeking *-2 to block the investors from *-3 buying more shares] .
- [ARGM-LOC In the Securities and Exchange Commission filings] , [ARG0 the group] has [rel said] [ARG1 0 it may seek control of Rally 's] .
- [ARG0 Mr. Sugarman] called the lawsuit `` not nice '' and [rel said] [ARG1 0 his group will continue *-1 to push for control of the company and the removal of certain directors] .
- [ARG0 Rally 's] [ARGM-DIS also] [rel said] [ARG1 0 it formed a committee of three directors , who *T*-1 are n't associated with either the Patterson or Sugarman groups , 0 *T*-2 to analyze the situation] .
- [ARG0 Leaseway Transportation Corp.] [rel said] [ARG1 0 it will restructure $ 192.5 million *U* of certain subordinated debentures *-1 to reduce its debt obligations and interest expense] .
- [ARG0 Leaseway] [rel said] [ARG1 0 it has begun discussions with certain institutional debt holders 0 * to review the proposed private placement transaction , which *T*-1 would exchange the debt for new subordinated debt instruments and equity securities *T*-2] .
- [ARG1 Specific terms are subject to review and a final agreement with debt holders] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Company officials] [rel said] [ARG1 0 Leaseway fulfilled payment requirements of its debt obligations since the leveraged buy-out , but 0 `` our performance since the -LCB- buy-out -RCB- makes it *EXP*-2 imperative * to implement actions that *T*-1 will further improve our cash flow] .
- Lawmakers have n't publicly raised the possibility of * renewing military aid to the Contras , and [ARG0 President Bush] parried the question at a news conference here Saturday , *-1 [rel saying] [ARGM-ADV only] [ARG1 that `` if there 's an all-out military offensive , that 's going *-2 to change the equation 180 degrees] . ''
- [ARG0 Senate Minority Leader Robert Dole -LRB- R. , Kan . -RRB-] [rel said] [ARGM-TMP yesterday] [ARGM-LOC on `` * Meet the Press ''] : `` [ARG1 I would hope 0 after his -LCB- Mr. Ortega 's -RCB- act yesterday or the day before , we 'd have unanimous support for quick action on remaining humanitarian aid] . ''
- [ARG0 Sen. Dole] [ARGM-DIS also] [rel said] [ARG1 0 he hoped for unanimous support for a resolution 0 he plans *-1 to offer *T*-2 tomorrow denouncing the Nicaraguan leader] .
- `` [ARG1 The administration should now state that if the -LCB- February -RCB- election is voided *-1 by the Sandinistas ... they should call for military aid] , '' [rel said] *T*-2 [ARG0 former Assistant Secretary of State Elliott Abrams] .
- [ARG0 Sen. Mitchell] [rel said] [ARG1 that congressional Democrats intend *-1 to honor the March agreement * to give non-lethal support to the Contras through the February elections] , [ARGM-ADV although he added that the agreement requires that the Contras not initiate any military action] .
- [ARG0 Mr. Abrams] [rel said] [ARG1 that Mr. Ortega is seeking *-1 to demobilize the Contras prior to the elections *-2 to remove any pressure * to hold fair elections] .
- `` [ARG1 My sense is 0 what they have *T*-2 in mind is an excuse for * clamping down on campaigning '' by *-3 creating an atmosphere of a military emergency] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Senate Majority Leader George Mitchell -LRB- D. , Maine -RRB-] [rel said] [ARGM-TMP yesterday] [ARGM-LOC on NBC-TV 's `` * Meet the Press ''] [ARG1 that Mr. Ortega 's threat *ICH*-3 was `` a very unwise move , particularly the timing of it] . ''
- Saturday , he amended [ARG0 his remarks] *-1 to [rel say] [ARG1 that he would continue *-2 to abide by the cease-fire if the U.S. ends its financial support for the Contras] .
- [ARG0 Milton Petrie , chairman of Petrie Stores Corp. ,] [rel said] [ARG1 0 he has agreed *-1 to sell his 15.2 % stake in Deb Shops Corp. to Petrie Stores] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Mr. Petrie] [rel said] [ARG1 that on Oct. 26 Petrie Stores agreed *-1 to purchase Mr. Petrie 's 2,331,100 Deb Shops shares] .
- [ARG0 The filing] [rel said] [ARG1 0 Petrie Stores of Secaucus , N.J. , is purchasing Mr. Petrie 's Deb Shops stake as an investment] .
- [ARG1 Although Petrie Stores has considered * seeking *-1 to acquire the remaining equity of Deb Stores , it has no current intention * to pursue such a possibility] , [ARG0 the filing] [rel said] 0 *T*-3 .
- [ARG0 Philadelphia-based Deb Shops] [rel said] [ARG1 0 it saw little significance in Mr. Petrie selling his stock to Petrie Stores] .
- `` [ARG1 We did n't look at it and say , ` Oh my God , something is going *-1 to happen] , ' '' [rel said] 0 *T*-2 [ARG0 Stanley Uhr , vice president and corporate counsel] .
- `` [ARG0 We] did [ARGM-NEG n't] look at it and [rel say] , ` [ARG1 Oh my God , something is going *-1 to happen] , ' '' said 0 *T*-2 Stanley Uhr , vice president and corporate counsel .
- [ARG0 Mr. Uhr] [rel said] [ARG1 that Mr. Petrie or his company have been accumulating Deb Shops stock for several years , *-1 each time issuing a similar regulatory statement] .
- [ARG0 He] [rel said] [ARG1 0 no discussions currently are taking place between the two companies] .
- [ARG0 Nikon Corp.] [rel said] [ARG1 0 unconsolidated pretax profit increased 70 % to 12.12 billion yen -LRB- $ 85.3 million *U* -RRB- in the first half ended * Sept. 30 , from 7.12 billion yen a year ago] .
- [ARG0 The Tokyo camera maker] [rel said] [ARG1 0 net income more than doubled to 5.85 billion yen , or 16.08 a share , from 2.63 billion yen , or 7.24 yen a share] .
- [ARG0 Nikon] [rel said] [ARG1 0 sales rose despite the adverse effect of Japan 's unpopular consumption tax , introduced * in April] .
- [ARG1 Increasing personal spending and capital investment are fueling growth] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Presidio Oil Co.] [rel said] [ARG1 0 it signed a definitive agreement * to acquire Gulf Canada Resources Ltd. 's U.S. unit for $ 163 million *U*] .
- [ARG0 Presidio , a Denver oil and gas concern ,] [rel said] [ARG1 0 it will acquire the properties and operations of Home Petroleum Corp. , which *T*-1 includes two regional gas-gathering systems and proved reserves of about nine million barrels of oil and 72 billion cubic feet of natural gas] .
- [ARG0 Presidio] [rel said] [ARG1 0 the properties are generally situated *-1 in Wyoming , North Dakota , Texas , Oklahoma and Louisiana] .
- [ARG0 Gulf Canada , Calgary ,] [rel said] [ARG1 0 the transaction is part of its plan * to sell non-strategic assets and focus operations on Canada , Indonesia and other international areas] .
- [ARG0 A spokesman for Gulf Canada , which *T*-2 is controlled *-1 by Toronto 's Reichmann family ,] [rel said] [ARG1 0 the properties account for about 6 % of the company 's assets and produce about 5,000 barrels of oil and 35 million cubic feet of gas a day] .
- [ARG0 He] [rel said] [ARG1 0 Gulf Canada will likely report an extraordinary gain from the sale in the fourth quarter] , but he would n't offer a specific estimate .
- [ARG0 NEC Corp. , a Tokyo-based computer and electronics concern ,] [rel said] [ARG1 0 net income rose 18 % to 29.66 billion yen -LRB- $ 208.7 million *U* -RRB- in the fiscal first half , ended Sept. 30 , from 25.12 billion yen a year earlier] .
- [ARG0 NEC] [rel said] [ARG1 0 first-half computer sales totaled 555.5 billion yen , up 11 % from 500.26 billion yen a year earlier] .
- [ARG0 It] [rel said] [ARG1 0 sales of home electronic products advanced 3.7 % to 44.92 billion yen from 43.34 billion yen] .
- [ARG0 It] [rel said] [ARG1 0 net income will rise 25 % to 69 billion yen] .
- [ARG0 The companies] [rel said] [ARG1 0 the accord was unanimously approved *-1 by a special committee of Erbamont directors unaffiliated with Montedison] .
- [ARG0 The companies] [rel said] [ARG1 0 the transaction is being structured *-1 this way because the laws of the Netherlands Antilles , under which Erbamont is organized *-2 *T*-3 , do n't provide for merger transactions] .
- [ARG0 A unit of DPC Acquisition Partners] launched a $ 10-a-share *U* tender offer for the shares outstanding of Dataproducts Corp. , and [rel said] [ARG1 0 it would seek *-1 to liquidate the computer-printer maker `` as soon as possible , '' even if a merger is n't consummated *-2] .
- [ARG0 DPC Acquisition] [rel said] [ARG1 0 it had received the reasonable assurance of Chase Manhattan Bank N.A. that the financing can be obtained *-1] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 DPC Acquisition] [rel said] [ARG1 0 it expects 0 it will need about $ 215 million *U* *-1 to buy the shares and pay related fees and expenses] .
- [ARG0 DPC Acquisition] added that it has not begun discussions with financing sources , and [rel said] [ARG1 0 it expected *-1 to repay the amounts borrowed * through proceeds of the liquidation] .
- [ARG0 Dataproducts officials] declined *-2 to comment , and [rel said] [ARG1 0 they had not yet seen a suit filed * in federal court by DPC Acquisition that *T*-1 seeks *-3 to nullify a standstill agreement between DPC Acquisition and Dataproducts] .
- Earlier this year , DPC Acquisition made a $ 15-a-share *U* offer for Dataproducts , which [ARG0 the Dataproducts board] [rel said] [ARG1 0 it rejected *T*-1 because the $ 283.7 million *U* offer was not fully financed *-2] .
- [ARG0 Dataproducts] has since started a restructuring , and has [rel said] [ARG1 0 it is not for sale] .
- [ARG1 David L. Koffman , president and chief executive officer of Jayark , holds about 40 % of Kofcoh] , [ARG0 Jayark] [rel said] 0 *T*-1 .
- [ARG1 The transaction is subject to approval by a panel of disinterested directors] , [ARG0 the company] [rel said] 0 *T*-3 , [ARGM-ADV *-1 adding that shareholder approval is n't needed *-2] .
- [ARG0 Ajinomoto Co. , a Tokyo-based food-processing concern ,] [rel said] [ARG1 0 net income in its first half rose 8.9 % to 8.2 billion yen -LRB- $ 57.7 million *U* -RRB- from 7.54 billion yen a year earlier] .
- [ARG0 It] [rel said] [ARG1 0 it expects full-year net of 16 billion yen , compared with 15 billion yen in the latest year] .
- `` [ARG1 Our members are eager *-1 to begin *-2 trading this contract , so we expect no difficulty in * attracting locals to the natural gas pit] , '' [ARG0 he] [rel said] 0 *T*-3 .
- [ARGM-LOC In a recent interview] , [ARG0 Mr. Thompson] [rel said] [ARG1 0 the biggest problem facing all commodity exchanges was one of image] .
- [ARG1 If the exchange falters in these moves] , [ARG0 they] [rel say] 0 *T*-1 , it might once again fall behind its chief New York competitor , the Commodity Exchange .
- `` [ARG1 We had a management breakdown in 1987 in terms of compliance] , '' [ARG0 Mr. Thompson] [rel says] *T*-1 .
- [ARG0 He] [rel says] [ARG1 that even if the natural gas contract boosts volume at the exchange strongly , the 1990 business plan calls for * having adequate compliance people 0 *T*-2 to ensure that exchange rules are being followed *-1] .
- `` [ARG1 The cost of competition has become extremely high] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 that it would start *-1 trading the contract as soon as the CFTC approved it] .
- [ARGM-DIS But] [ARGM-TMP in May] , [ARG0 the Chicago Merc] [rel said] [ARG1 0 it was looking into *-1 creating a common system with the Chicago Board of Trade] , and it suspended negotiations with the New York Merc .
- [ARG0 Mr. Thompson] [rel says] [ARG1 0 his exchange is n't waiting for the results of the Chicago exchanges ' cooperation] .
- [ARG0 Michael Frawley , metals trader for PaineWebber Inc. in New York ,] [rel said] [ARG1 0 there is good technical support between $ 1.10 and $ 1.12 *U* a pound for December copper , which *T*-1 ended Friday at $ 1.1580 *U* a pound , up 1.6 cents] .
- `` [ARG1 I think 0 the market could pop up to the $ 1.22 to $ 1.25 *U* level without too much difficulty] , '' [ARG0 he] [rel said] *T*-1 .
- But [ARG0 he] [rel said] [ARG1 0 it wo n't climb further] and he expects it to remain in a trading range between $ 1.10 and $ 1.25 *U* .
- [ARG0 William O'Neill , research director for Elders Futures Inc. in New York ,] [rel said] [ARG1 0 for a rally to occur , there must be demand from the Far East] .
- [ARG0 He] [rel said] [ARG1 0 there are two reports *ICH*-2 *ICH*-3 this week that *T*-1 might affect prices : the purchasing managers report on Wednesday and the unemployment report on Friday] .
- `` [ARG1 Most traders will be looking *-1 to buy -LCB- on -RCB- pullbacks] , '' [ARG0 he] [rel said] *T*-2 .
- [ARGM-ADV According to Mr. Frawley] , [ARG0 floor traders] [rel say] [ARG1 0 there is good support for December gold in the $ 374 to $ 375 *U* per ounce area , around $ 5.20 *U* an ounce for December silver and in the $ 485 to $ 490 *U* an ounce range for January platinum] .
- [ARG0 William O'Neill , research director for Elders Futures Inc. in New York ,] [rel said] [ARG1 the price action for all of last week is the best 0 he has seen *T*-1 on a weekly basis in more than a year] .
- [ARG0 He] [rel said] [ARG1 0 last week 's activity in gold could portend a move to $ 390 *U* an ounce for the December contract] .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 0 traders should keep an eye on the stock market , because `` if the stock market rallies , that could spell trouble for the precious metals] . ''
- [ARG0 He] [rel said] [ARG1 0 traders should be on the lookout for how metals producers react to this rally *T*-1] .
- [ARG0 Lorne Slotnick , vice chairman of the Southern Ontario Newspaper Guild , the union representing the workers ,] [rel said] [ARG1 0 Thomson made significant concessions in the final round of talks] .
- [ARG1 In addition to wage increases , the union negotiated improved vacation plans , benefit packages and pension plans] , [ARG0 Mr. Slotnick] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 more than 70 % of the bargaining unit voted in favor of the agreement] .
- `` [ARG1 It wo n't be an earthshaking drop] , '' [ARG0 a Weyerhaeuser spokesman] [rel says] *T*-1 .
- [ARG0 Great Northern Nekoosa] [rel said] , `` [ARG1 The odds of the dire predictions about us being right are small] . ''
- A Boise-Cascade spokesman referred to [ARGM-LOC a speech] by Chairman John Fery , in which [ARG0 he] [rel said] [ARG1 that markets generally are stable , although some risk of further price deterioration exists] *T*-1 .
- [ARG0 Stone Container Chairman Roger Stone] [rel said] [ARG1 that , unlike for some other paper products , demand for Stone 's principal commodity , unbleached containerboard , remains strong] .
- [ARG0 Gaylord Container] [rel said] [ARG1 0 analysts are skeptical of it because it 's carrying a lot of debt] .
- [ARG0 Champion International] [rel said] , `` [ARG1 We 've gotten our costs down and we 're better positioned for any cyclical downturn than we 've ever been *?*] . ''
- [ARG0 Louisiana Pacific and Georgia Pacific] [rel said] [ARG1 0 a number of other analysts are recommending them because of their strong wood-products business] .
- [ARG0 Federal Paper Board] [rel said] , `` [ARG1 We 're not as exposed as the popular perception of us] . ''
- [ARGM-CAU Because the stock prices of some paper companies already reflect an expected profit slump] , [ARG0 PaineWebber 's Mr. Ross] [rel says] [ARG1 0 he thinks that next year the share prices of some companies may fall at most only 5 % to 10 % *U*] .
- [ARG1 A company such as Federal Paper Board] may be overly discounted *-2 and looks `` tempting '' to him , [ARG0 he] [rel says] 0 *T*-1 , though he is n't yet recommending the shares .
- [ARG0 A Temple-Inland spokesman] [rel said] [ARG1 0 the company expects record earnings in 1989 , and `` we 're still pretty bullish '' on 1990] .
- [ARG0 The analysts] [rel say] [ARG1 0 their gloomy forecasts have a flip side] .
- [ARG0 A spokesman for Scott] [rel says] [ARG1 that * assuming 0 the price of pulp continues *-1 to soften , `` We should do well] .
- [ARG0 Shoney 's Inc.] [rel said] [ARG1 0 it will report a write-off of $ 2.5 million *U* , or seven cents a share , for its fourth quarter ended yesterday] .
- [ARG0 Shoney 's] [rel said] [ARG1 0 the latest restructuring affected bank indebtedness that *T*-1 was incurred *-3 * to finance $ 585 million *U* of the company 's $ 728 million *U* recapitalization that *T*-2 took place in]
- [ARG0 ABB Asea Brown Boveri B.V.] [rel said] [ARG1 0 it signed a contract for the largest-ever power plant order in the Netherlands] .
- [ARG0 ABB] [rel said] [ARG1 0 the contract , signed * with the Dutch utility N.V . Energieproduktiebedrijf UNA , is valued *-1 in excess of $ 200 million *U*] .
- [ARG0 ABB] [rel said] [ARG1 0 a significant portion of the order will be placed *-1 with Dutch subcontractors] , [ARGM-ADV *-2 adding that a group has been set up *-3 for this purpose] .
- [ARG1 Nissan Motor Co. expects net income to reach 120 billion yen -LRB- U.S. $ 857 million *U* -RRB- in its current fiscal year , up from 114.6 billion yen in the previous year] , [ARG0 Yutaka Kume , president ,] [rel said] 0 *T*-2 .
- [ARG0 The executive] [rel said] [ARG1 that the anticipated earnings increase is fairly modest because Nissan is spending heavily *-1 to bolster its dealership network in Japan and because of currency-exchange fluctuations] .
- [ARG1 Last year] , [ARG0 Mr. Kume] [rel said] 0 *T*-1 , Nissan exported slightly over one million vehicles , and produced 570,000 cars and trucks at its factories in North America , Europe and Australia .
- [ARG0 National Intergroup Inc.] [rel said] [ARG1 0 it expects *-1 to report a charge of $ 5.3 million *U* related * to the sale of its aluminum unit 's extrusion division for the third quarter] .
- [ARG0 The company] [rel said] [ARG1 0 it has agreed *-1 to sell the extrusion division for $ 15 million *U* to R.D. Werner Co. , a closely held firm based * in Greenville , Pa] .
- [ARG0 The company] [ARGM-DIS also] [rel said] [ARG1 0 it continues *-1 to explore all options concerning the possible sale of National Aluminum 's 54.5 % stake in an aluminum smelter in Hawesville , Ky] .
- But while [ARG0 analysts] [rel say] [ARG1 that municipal bonds still offer good value] , you would n't know it by the way 0 institutional investors are rushing *-1 to dump their holdings *T*-2 .
- [ARG0 Bond market analysts] [rel say] [ARG1 0 the institutional selling was triggered *-1 by several factors] .
- `` [ARG1 We do n't need the shelter of tax-free bonds] , '' [rel said] *T*-1 [ARG0 a spokeswoman at Chemical] .
- [ARG1 Last week] , [ARG0 traders] [rel said] 0 *T*-1 , there were three institutional sellers for every buyer .
- `` [ARG1 There is just so much *ICH*-4 going on that it *EXP*-2 's difficult * to pick just one factor that *T*-1 's driving the market] , '' [rel said] *T*-3 [ARG0 Ronald Ian Heller , vice president at First Chicago Capital Markets Inc. , a subsidiary of First Chicago Corp] .
- [ARG1 Mutual funds] , [ARGM-DIS for example] , are [rel said] *-1 to be selling existing municipal bonds *-2 to raise cash 0 * to buy new issues *T*-3 .
- [ARG1 Such bonds] , [ARG0 she] [rel says] 0 *T*-2 , are those that *T*-1 are nearing their call date .
- `` [ARG1 Every day we 're getting new bid lists '' from would-be sellers] , [ARG0 one trader] [rel said] 0 *T*-1 .
- [ARGM-DIS But] [ARG0 traders] [rel said] [ARG1 0 the market 's tone could pick up this week if New York City 's $ 787 million *U* bond offering goes well] .
- [ARG1 They 'd like *-1 to see some other names in their portfolios] , '' [rel said] *T*-2 [ARG0 Michael S. Appelbaum , first vice president at Shearson Lehman Hutton] .
- [ARG1 Overall] , [ARG0 he] [rel says] 0 *T*-1 , municipal prices are `` very cheap '' and represent an `` excellent buying opportunity . ''
- [ARGM-TMP Late Thursday] , [ARG0 the Treasury] [rel said] [ARG1 0 it needed *-1 to raise $ 17 billion *U* quickly and would do so by *-1 issuing new securities this week] .
- [ARGM-DIS Instead] , [ARG0 the Treasury] announced 0 it would sell $ 2 billion *U* of 51-day cash management bills today and [rel said] [ARG1 that the weekly sale of $ 15.6 billion *U* of three-month and six-month bills will take place today , as usual] , but the sale will settle tomorrow instead of Thursday .
- [ARGM-DIS Instead] , [ARG0 the Treasury] announced 0 it would sell $ 2 billion *U* of 51-day cash management bills today and [rel said] that the weekly sale of $ 15.6 billion *U* of three-month and six-month bills will take place today , as usual , but [ARG1 the sale will settle tomorrow instead of Thursday] .
- [ARG0 One dealer] [rel said] [ARG1 0 the talk was that the firm sold about $ 500 million *U* of bellwether 30-year bonds] .
- [ARG0 Dealers] [rel say] [ARG1 0 the firm apparently has wanted *-4 to publicize its recent buying and subsequent selling of 30-year bonds by *-2 using Cantor Fitzgerald Securities Corp. as a broker] .
- [ARGM-CAU As a result of its large-scale buying] , [ARG0 some analysts] [ARGM-TMP now] [rel say] [ARG1 that liquidity , or the ability * to easily buy and sell , has been constrained *-1 in the benchmark Treasury bond issue] .
- `` [ARG1 It shows that there are buyers of high-quality assets at high prices in today 's market] , '' [rel said] *T*-7 [ARG0 Robert Long , managing director and head of the high-yield research department at First Boston Corp] .
- `` [ARG1 There is incredible negative psychology building in the market] , '' [rel said] *T*-1 [ARG0 Donna Avedisian , a vice president at Merrill Lynch & Co] .
- [ARG0 Dealers] [rel said] [ARG1 0 some defensive investors were buyers of mortgages , as were *?* dealers seeking collateral for REMICs priced * earlier last week] .
- [ARG1 The premium 0 the elderly pay *T*-1 for coverage of doctor 's bills under Part B of the Medicare health insurance plan will rise to $ 29 *U* a month in 1990 from $ 27.90 *U*] , [ARG0 the Department of Health and Human Services] [rel said] 0 *T*-2 .
- [ARG0 Lockheed Corp.] [rel said] [ARG1 0 it will trim its Aeronautical Systems work force in California and Georgia by several hundred workers , * reflecting the defense industry 's decline] .
- [ARG1 The reductions should be complete by the end of the year] , [ARG0 a spokesman] [rel said] 0 *T*-3 , [ARGM-ADV *-4 adding that the exact number 0 *T*-5 to be cut *-2 has n't been determined *-1] .
- [ARGM-ADV *-1 Noting that other defense contractors are complaining of losses on such contracts] , [ARG0 analysts] [rel say] [ARG1 0 taxpayers have been getting illusionary bargains on weapons systems in recent years] .
- [ARG1 Defense contractors `` can not continue *-1 to get contracts on that basis] , '' [rel said] 0 *T*-2 [ARG0 Howard Rubel , an analyst with C.J. Lawrence , Morgan Grenfell Inc. in New York] .
- [ARG0 Jim Pattison Industries Ltd. , one of a group of closely held companies owned * by entrepreneur James Pattison ,] [rel said] [ARG1 0 it `` intends *-1 to seek control '' of 30%-owned Innopac Inc. , a Toronto packaging concern] .
- [ARG0 The company] [rel said] [ARG1 0 it currently holds about 4.2 million of Innopac 's 13.8 million common shares outstanding , which *T*-1 have an aggregate market value of about 137.8 million Canadian dollars -LRB- US$ 117.3 million *U* -RRB-] .
- [ARG0 Martin Fabi , Innopac 's president and chief executive ,] [rel said] [ARG1 0 Innopac viewed Mr. Pattison 's decision * to seek control as a `` very positive '' move] .
- `` [ARG1 I 'm happy that he feels positively about our company] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Fabi] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARGM-MNR directly] [ARG1 whether Mr. Pattison has disclosed potential terms for his planned bid for control] .
- [ARGM-DIS Still] , [ARG0 analysts] [rel said] [ARG1 0 the accord does n't suggest 0 Japan is opening up to more foreign takeovers] .
- [ARG1 Factory owners are buying new machinery at a healthy rate this fall] , [ARG0 machine-tool makers] [rel say] 0 *T*-1 .
- [ARG0 Whittle Communications L.P. , which for months *T*-1 has fought a public relations battle with education leaders ,] [rel said] [ARG1 0 it has signed 500 schools in 24 states to subscribe to the controversial Channel One news program and its sister programs] .
- [ARG0 Mr. Whittle] [rel said] [ARG1 that so far , three of the six schools that *T*-1 carried the program in a five-week test last spring have subscribed to the program] .
- [ARG0 John Bruner , associate director of communications for Cincinnati Public Schools ,] [rel said] [ARG1 0 Channel One was rejected *-1 because students watching the program did n't fare particularly better *ICH*-3 on a 28-question current events quiz than a control school without the program and school absences were almost unchanged during the period when the program was being aired *-2 *T*-4] .
- `` [ARG1 The number of correct responses was 45 % on the test and school absences did n't change much] , '' [rel said] *T*-1 [ARG0 Mr. Bruner] .
- [ARG0 Whittle] [rel said] [ARG1 0 its field staff signed up the 500 schools in 238 school districts after only eight weeks] and company executives now expect *-1 to reach their start-up goal of 1,000 schools before the end of this year .
- [ARG0 Mr. Whittle] [ARGM-TMP Friday] [rel said] [ARG1 0 several more advertisers have been added *-1] .
- [ARG1 Installation of satellite dishes , TVs and videocassette equipment will cost the company about $ 20,000 *U* per school] , [ARG0 Mr. Whittle] [rel said] 0 *T*-1 .
- [ARG0 Christopher Whittle , chairman of the Knoxville , Tenn. , media company that *T*-1 is 50 % owned by Time Warner Inc. ,] [rel said] [ARG1 that by December 1990 he expects *-3 to have Channel One installed *-4 in about 8,000 schools with a potential audience of six million] .
- `` [ARG1 What we 've done *T*-2 in eight weeks shows 0 we wo n't have enormous difficulties * getting to the place 0 we want *-4 to be *T*-3] , '' [rel said] *T*-1 [ARG0 Mr. Whittle] .
- [ARG0 He] [rel said] [ARG1 0 his sales force is signing up schools at the rate of 25 a day] .
- [ARG0 Mr. Whittle] [rel said] [ARG1 0 private and parochial schools in both states will be canvassed *-1 * to see if they are interested in *-2 getting the programs] .
- [ARG0 Hewlett-Packard Co.] [rel said] [ARG1 0 it raised its stake in Octel Communications Corp. to 8.5 % of the common shares outstanding] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Hewlett-Packard] [rel said] [ARG1 0 it now holds 1,384,119 Octel common shares , including 100,000 shares bought * from Aug. 26 to Oct. 20 for $ 23.31 to $ 24.25 *U* a share] .
- [ARG0 Hewlett-Packard , a Palo Alto , Calif. , computer company ,] [rel said] [ARG1 0 it acquired the stock `` *-1 to develop and maintain a strategic partnership in which each company remains independent while *-2 working together *-3 to market and sell their products *T*-4] . ''
- [ARG0 Octel] [rel said] [ARG1 0 the purchase was expected *-1] .
- [ARG1 The reaction to the UAL debacle `` is mindless] , '' [rel says] 0 *T*-1 [ARG0 John Connolly , chief market strategist at Dean Witter] .
- `` [ARG1 Those stocks are up because their earnings are up and their dividends are up] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Who *ICH*-1 can *T*-2 make the better decision , the guy who *T*-3 has 10 seconds 0 * to decide what * to do *T*-4 *T*-5 or the guy with all the time in the world ?] '' [ARG0 he] [rel says] *T*-6 .
- `` [ARG1 We 've run into a market that *T*-1 was beginning *-2 to run out of steam and get frothy] , '' [ARG0 he] [rel says] *T*-3 .
- [ARG1 The pop sobered up investors who *T*-1 had been getting a little too ebullient] , [rel says] 0 *T*-2 [ARG0 Mr. Jarrett] .
- `` [ARG1 Just because we 've got some realism back in the market does n't mean 0 it 's going lower from here] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 At current levels of economic activity and earnings , stocks are fairly valued *-1] , [ARG0 she] [rel says] 0 *T*-2 .
- `` [ARG1 Stocks are n't cheap anymore , there have been some judicial and legislative changes in the merger area and all of this changes the arithmetic of deals] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG0 I] 'm [ARGM-NEG not] [rel saying] [ARG1 0 they 've stopped altogether] , but future deals are going *-2 to be structured *-1 differently and bids probably wo n't be as high . ''
- `` [ARG1 M&A is getting all the headlines right now , but these other things have been building up more gradually] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 There are a lot more downward than upward revisions and it looks like people are questioning corporate profits as a means of support for stock prices] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 The question is unanswerable at this point] , '' [ARG0 she] [rel says] *T*-1 .
- USX gained 1\/2 to 33 3\/8 on a report *ICH*-2 in Business Week magazine that [ARG1 investor Carl Icahn] is [rel said] [ARG2 *-1 to have raised his stake in the oil and steel company to just about 15 %] .
- [ARG0 Mobil] , which *T*-1 [rel said] [ARG1 0 it plans *-2 to cut its exploration and production work force by about 8 % in a restructuring] , dropped 5\/8 to 56 1\/8 .
- [ARG0 Crane] [rel said] [ARG1 0 it holds an 8.9 % stake in the company and may seek control] .
- `` [ARG1 If this had happened a few months ago when the atmosphere was still very positive *T*-3 it would n't have been greeted *-1 with anything like the impact 0 it has had *T*-2 over the past two weeks] , '' [rel says] *T*-4 [ARG0 Dennis Jarrett , a market strategist at Kidder Peabody] .
- [ARG1 Such tests make the FAA confident that a Sioux City-type accident `` wo n't happen again] , '' [rel said] 0 *T*-1 [ARG0 Mr. Broderick] .
- [ARG0 A spokesman for GE] [rel said] [ARG1 that the company has been working with the FAA all along on this issue and `` will comply fully with the required inspections] . ''
- [ARG1 The CF6-6 series engines are n't being manufactured *-11 any more ; they are only being used *-12 in the DC-10 Series 10 planes currently in service] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Anthony Broderick , the FAA 's acting executive director for regulatory standards and compliance ,] [rel said] [ARG1 that recent tests of the failed engine disk indicate that a flaw -- known * as `` hard alpha '' -- occurred in the titanium during its production almost 20 years ago] .
- [ARG0 He] [rel said] [ARG1 0 there was n't any way 0 * to detect the flaw at that time *T*-1 , and that the process has since been changed *-2 * to decrease the chance that such flaws would occur] .
- [ARG0 Skeptics] [rel say] [ARG1 that if that 's the case , temperatures should have risen fairly uniformly over the past century , * reflecting the increase in carbon dioxide] .
- [ARG0 Researchers at Ohio State University and Lanzhou Institute of Glaciology and Geocryology in China] have analyzed samples of glacial ice in Tibet and [rel say] [ARG1 0 temperatures there have been significantly higher *ICH*-1 on average over the past half-century than in any similar period in the past 10,000 years] .
- `` [ARG1 Climate varies drastically due to natural causes] , '' [rel said] *T*-1 [ARG0 Mr. Thompson] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 ice samples from Peru , Greenland and Antarctica all show substantial signs of warming] .
- `` [ARG1 If you can use data *-4 to reconstruct what *T*-2 happened in the past , you have much more confidence in predictions for the future] , '' [rel said] *T*-5 [ARG0 Lonnie Thompson , a research scientist at Ohio State who *T*-3 dug for *RNR*-1 and analyzed *RNR*-1 the ice samples] .
- [ARG1 These measurements] can indicate temperature changes , [ARG0 researchers] [rel said] 0 *T*-1 , because the rates of evaporation of these oxygen atoms differ as temperatures change .
- [ARG1 Analysis of ice from the Dunde ice cap , a glacial plateau in Tibet 17,000 feet above sea level , show that average temperatures were higher *ICH*-1 in 1937-87 than in any other 50-year period since before the last Ice Age] , [ARG0 Mr. Thompson] [rel said] 0 *T*-2 .
- [ARG0 Telxon Corp.] [rel said] [ARG1 0 its vice president for manufacturing resigned and its Houston work force has been trimmed *-1 by 40 people , or about 15 %] .
- [ARG0 The maker of hand-held computers and computer systems] [rel said] [ARG1 0 the personnel changes were needed *-1 * to improve the efficiency of its manufacturing operation] .
- [ARG0 The company] [rel said] [ARG1 0 it has n't named a successor to Ronald Bufton , the vice president who *T*-1 resigned] .
- [ARG0 CNW Corp.] [rel said] [ARG1 0 the final step in the acquisition of the company has been completed *-1 with the merger of CNW with a subsidiary of Chicago & North Western Holdings Corp] .
- [ARGM-TMP The next time] 0 expansion plans are mentioned *-1 at the old company *T*-2 and [ARG0 somebody] [rel says] , `` [ARG1 Aw heck , guys , nobody can do it like Japan or South Korea] *T*-2 , '' I wish 0 you would butt in and say , `` * Hold it , fellas , why do n't we compare prices and use our own little Third World country *T*-3 .
- The next time 0 expansion plans are mentioned *-1 at the old company *T*-2 and somebody says , `` Aw heck , guys , nobody can do it like Japan or South Korea *T*-2 , '' I wish 0 [ARG0 you] [ARGM-MOD would] butt in and [rel say] , `` [ARG1 * Hold it , fellas , why do n't we compare prices and use our own little Third World country *T*-3] .
- [ARG1 For greater efficiency , employees at those locations will be reorganized *-1 into teams responsible for * managing the properties under their jurisdiction] , [ARG0 Mobil] [rel said] 0 *T*-2 .
- `` [ARG1 The main feature of the new organization is that each local manager will have both the authority and accountability for profitable and technically sound operations] , '' [rel said] *T*-1 [ARG0 Charles E. Spruell , president of the Mobil unit] .
- [ARG1 The reorganization will `` focus on the value and potential of assets] , '' [ARG0 Mr. Spruell] [rel said] 0 *T*-1 .
- [ARG1 The exploration side of the unit has recently undergone a similar overhaul , during which it also lost as many as 400 employees *T*-1] , [ARG0 a company spokesman] [rel said] 0 *T*-2 [ARGM-ADV in response to questions] .
- [ARG0 Mobil officials] [rel said] [ARG1 that it is unlikely 0 any additional charges related * to this move will be taken *-1 in future quarters] .
- [ARG0 Mobil officials] [rel said] [ARG1 0 they have been studying ways of * streamlining these operations since early this year] .
- `` [ARG1 People should remember 0 their money is n't all or nothing -- they do n't need *-1 to be shopping for the one interest-rate-type investment and putting all their money in it] , '' [rel says] *T*-2 [ARG0 Bethesda , Md. , adviser Karen Schaeffer] .
- `` [ARG1 It 's a no-brainer : You do n't have *-2 to worry about diversification ; you do n't have *-3 to worry about quality] , '' [rel says] *T*-1 [ARG0 Steven J. Hueglin , executive vice president of the New York bond firm of Gabriele , Hueglin & Cashman Inc] .
- * Consider a `` laddered '' bond portfolio , with issues maturing in , [rel say] , [ARG1 1992 , 1993 and 1994] , advises 0 *T*-1 Malcolm A. Makin , a Westerly , R.I. , financial planner .
- `` [ARG1 You get equity-like returns '' from bonds if you guess right on rates] , [rel says] 0 *T*-1 [ARG0 James E. Wilson , a Columbia , S.C. , planner] .
- [ARG1 But at age 55 , `` they may be a great deal] , '' [rel says] 0 *T*-1 [ARG0 Mr. Wilson , the Columbia , S.C. , planner] .
- [ARG1 Still , today 's highest-yielding money funds may beat CDs over the next year even if rates fall] , [rel says] 0 *T*-1 [ARG0 Guy Witman , an editor of the Bond Market Advisor newsletter in Atlanta] .
- `` [ARG1 If you 're looking for a significantly higher yield with the same level of risk as a CD , you 're not going *-2 to find it] , '' [rel says] *T*-1 [ARG0 Washington financial planner Dennis M. Gurtz] .
- [ARG1 There are , however , some alternatives that income-oriented investors should consider *T*-1] , [ARG0 investment advisers] [rel say] 0 *T*-2 .
- [ARG0 Federal drug regulators , concerned over British reports that diabetics have died after *-1 shifting from animal to human-based insulin ,] [rel say] [ARG1 0 they are considering a study 0 *T*-2 to see if similar deaths have occurred here] .
- [ARGM-LOC At the U.S. National Institutes of Health] , [ARG0 Dr. Robert E. Silverman , chief of the diabetes program branch ,] [rel said] [ARG1 0 no evidence of unexpected deaths from hypoglycemia had shown up in a study of 1,500 diabetics that *T*-1 has been under way at NIH for five years] .
- [ARGM-DIS However] , [ARG0 he] [rel said] [ARG1 0 officials conducting the study had n't been looking for signs of problems related to hypoglycemia unawareness] .
- `` [ARG1 We are now monitoring for it much more closely] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 We do know 0 there are slight differences in the way 0 human and animal insulins drive down blood sugar *T*-2] , '' [ARG0 Dr. Sobel] [rel said] *T*-1 .
- [ARG1 The human-based drug starts the blood sugar dropping sooner and drives it down faster] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 But we do n't believe 0 there is enough of a difference * to be clinically significant] , '' [ARG0 Dr. Sobel] [rel said] *T*-1 .
- `` [ARG1 A loss of the warning symptoms of hypoglycemia is a complex problem that *T*-1 is very unlikely *-3 to be due simply to the type of insulin used *] , '' [ARG0 the American association] [rel said] *T*-2 .
- [ARGM-LOC In its latest annual report] , [ARG0 Lilly] [rel said] [ARG1 0 Humulin sales have shown `` excellent growth] . ''
- [ARG0 Lilly officials] [rel said] [ARG1 0 they had seen reports of hypoglycemic unawareness among some patients making the shift from animal to human insulin] , but did n't know if the problem had caused any deaths .
- [ARG0 Dr. Leigh Thompson , a Lilly group vice president ,] [rel said] [ARG1 0 the company 's clinical trials of both its animal and human-based insulins indicated no difference in the level of hypoglycemia between users of either product] .
- [ARG0 Dr. Toseland] [rel said] [ARG1 0 most of the British diabetics who *T*-1 died had been taking a human-based insulin made * by Novo\/Nordisk , a Danish manufacturer] .
- [ARGM-LOC In a telephone interview] [ARGM-TMP Friday] , [ARG0 Dr. Toseland] [rel said] [ARG1 0 the number of sudden , unexplained deaths of diabetics 0 he had seen *T*-1 this year was 17 compared with just two in 1985] .
- [ARG1 At least six of the deaths occurred among relatively young diabetics who *T*-1 had switched from animal to human insulin within the past year] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 Dr. Solomon Sobel , director of metabolism and endrocrine drug products for the U.S. Food and Drug Administration ,] [rel said] [ARG1 0 FDA officials have discussed Dr. Toseland 's findings `` fairly intensively] . ''
- [ARGM-ADV While there have been no reports of similar sudden unexplained deaths among diabetics in the U.S.] , [ARG0 Dr. Sobel] [rel said] [ARG1 0 the FDA plans *-1 to examine Dr. Toseland 's evidence and is considering its own study here] .
- [ARG0 Dr. Toseland , a toxicologist ,] [rel said] [ARG1 0 he was preparing an article for a British forensic medical journal *-2 raising the possibility that the deaths may have occurred after human insulin blunted critical warning signs indicating hypoglycemia , or low blood sugar , which *T*-1 can kill diabetics] .
- `` [ARG1 The anecdotal data certainly shows that some of the people were not aware of the rapid onset of hypoglycemia] , '' [ARG0 Dr. Toseland] [rel said] *T*-1 .
- [ARG0 SharesBase Corp.] [rel said] [ARG1 0 it will reduce its 221-person work force by about 25 % , effective tomorrow , in an effort * to stem continuing losses] .
- [ARG0 The company , which *T*-1 makes data base systems and software ,] [rel said] [ARG1 0 it expects *-2 to report a loss for the third quarter ended Sept. 30] .
- [ARG0 *] To [rel say] [ARG1 that the Pentagon should act irresponsibly because * acting responsibly will provoke Congress into *-1 acting irresponsibly] leads to the conclusion that the Pentagon should deliberately exaggerate its needs in the national interest ; in other words , that it is justified in *-2 committing a crime -- *-2 lying to Congress -- because it is morally superior .
- [ARGM-ADV Although bullish dollar sentiment has fizzled] , [ARG0 many currency analysts] [rel say] [ARG1 0 a massive sell-off probably wo n't occur in the near future] .
- [ARGM-ADV With the stock market wobbly and dollar buyers discouraged *-2 by signs of U.S. economic weakness and the recent decline in U.S. interest rates that *T*-1 has diminished the attractiveness of dollar-denominated investments] , [ARG0 traders] [rel say] [ARG1 0 the dollar is still in a precarious position] .
- `` [ARG1 They 'll be looking at levels 0 * to sell the dollar *T*-2] , '' [rel says] *T*-1 [ARG0 James Scalfaro , a foreign-exchange marketing representative at Bank of Montreal] .
- While [ARG0 some analysts] [rel say] [ARG1 0 the dollar eventually could test support at 1.75 marks and 135 yen] , Mr. Scalfaro and others do n't see the currency decisively sliding under support at 1.80 marks and 140 yen soon .
- [ARG1 With the pound and the yen lagging behind other major currencies , `` you do n't have a confirmation '' that a sharp dollar downturn is in the works] , [rel says] 0 *T*-1 [ARG0 Mike Malpede , senior currency analyst at Refco Inc. in Chicago] .
- [ARGM-ADV As far as the pound goes *?*] , [ARG0 some traders] [rel say] [ARG1 0 a slide toward support at $ 1.5500 *U* may be a favorable development for the dollar this week] .
- [ARGM-ADV While the pound has attempted *-1 to stabilize] , [ARG0 currency analysts] [rel say] [ARG1 0 it is in critical condition] .
- He was succeeded *-1 by John Major , who *T*-2 Friday expressed a desire for a firm pound and supported the relatively high British interest rates that [ARG0 he] [rel said] `` [ARG1 *T*-3 are working exactly as intended '' in *-4 reducing inflation] .
- [ARG1 `` By default , '' the dollar probably will be able *-1 to hold up pretty well in coming days] , [rel says] 0 *T*-2 [ARG0 Francoise Soares-Kemp , a foreign-exchange adviser at Credit Suisse] .
- `` [ARG1 It *EXP*-1 's fair * to say 0 there are more risks for the pound *ICH*-4 under Major than there were *?* under Lawson] , '' [rel says] *T*-3 [ARG0 Malcolm Roberts , a director of international bond market research at Salomon Brothers in London] .
- `` It *EXP*-1 's fair [ARG0 *] to [rel say] [ARG1 0 there are more risks for the pound *ICH*-4 under Major than there were *?* under Lawson] , '' says *T*-3 Malcolm Roberts , a director of international bond market research at Salomon Brothers in London .
- `` [ARG1 There 's very little upside to sterling] , '' [ARG0 Mr. Roberts] [rel says] *T*-2 , but he adds that near-term losses may be small because the selling wave that *T*-1 followed Mr. Major 's appointment apparently has run its course .
- [ARG1 The pound likely will fall in coming days and may trade as low as 2.60 marks within the next year] , [rel says] 0 *T*-1 [ARG0 Nigel Rendell , an international economist at James Capel & Co. in London] .
- [ARG1 If the pound falls closer to 2.80 marks , the Bank of England may raise Britain 's base lending rate by one percentage point to 16 %] , [rel says] 0 *T*-1 [ARG0 Mr. Rendell] .
- [ARG1 But] such an increase , [ARG0 he] [rel says] 0 *T*-2 , could be viewed *-1 by the market as `` too little too late . ''
- [ARG1 The Bank of England indicated its desire * to leave its monetary policy unchanged Friday by *-4 declining *-3 to raise the official 15 % discount-borrowing rate that it charges discount houses *T*-1] , [ARG0 analysts] [rel say] 0 *T*-2 .
- [ARG1 Pound concerns aside , the lack of strong buying interest in the yen is another boon for the dollar] , [ARG0 many traders] [rel say] 0 *T*-1 .
- [ARG1 The dollar has a `` natural base of support '' around 140 yen because the Japanese currency has n't been purchased *-1 heavily in recent weeks] , [rel says] 0 *T*-2 [ARG0 Ms. Soares-Kemp of Credit Suisse] .
- [ARG1 The yen 's softness] , [ARG0 she] [rel says] 0 *T*-1 , apparently stems from Japanese investors ' interest in * buying dollars against the yen *-2 to purchase U.S. bond issues and persistent worries about this year 's upheaval in the Japanese government .
- [ARG1 But] once the pound steadied with help from purchases by the Bank of England and the Federal Reserve Bank of New York , the dollar was dragged down , [ARG0 traders] [rel say] 0 *T*-2 , by the stock-market slump that *T*-1 left the Dow Jones Industrial Average with a loss of 17.01 points .
- [ARG0 A group of investors led * by Giant Group Ltd. and its chairman , Burt Sugarman ,] [rel said] [ARG1 0 it filed with federal antitrust regulators for clearance * to buy more than 50 % of the stock of Rally 's Inc. , a fast-food company based * in Louisville , Ky] .
- [ARG0 Lawyers representing DPC] declined *-1 to elaborate , *-1 [rel saying] [ARG1 0 they did n't have a final copy of the filing] .
- [ARG0 Jack Davis , Dataproducts ' chairman ,] [rel said] [ARG1 0 he had n't yet seen the filing and could n't comment] .
- Dataproducts had sought a buyer for several months , but it is now in the midst of a restructuring plan and [ARG0 management] [rel says] [ARG1 0 the company is no longer for sale] .
- [ARG0 Appalachian Power Co. , a subsidiary of American Electric Power Co. ,] [rel said] [ARG1 0 it will redeem on Dec. 1 the entire $ 44.2 million *U* of its 12 7\/8 % first mortgage bonds due 2013] .
- [ARG1 The month-to-month rise in the index was the largest since April] , [ARG0 Eurostat] [rel said] 0 *T*-1 .
- [ARGM-DIS In addition] , [ARG0 local banks] [rel say] [ARG1 0 the new contract is important in * helping them offset their Hong Kong-dollar exposure] .
- [ARG1 `` The contract is definitely important to the exchange , ''] [rel says] *T*-1 [ARG0 Robert Gilmore , executive director of the Securities and Futures Commission] .
- [ARG1 `` There was no problem at all , ''] [rel says] *T*-1 [ARG0 Douglas Ford , chief executive officer of the futures exchange] .
- [ARG1 `` If those two banks are there , then the balance of the banking institutions will be there , ''] [rel says] *T*-1 [ARG0 Mr. Gilmore , the Securities and Futures Commission official] .
- [ARG1 The Hibor contract `` solves quite a bit of the problem of interest-rate risk in the interbank market , ''] [rel says] *T*-1 [ARG0 Eric Cheng , a director of James Capel -LRB- Far East -RRB- Ltd. , the Hong Kong arm of the British brokerage firm] .
- [ARG0 He] [rel says] [ARG1 0 the contract will be considered *-1 a success if it starts *-2 trading 500 to 1,000 lots a day] .
- [ARG0 Mr. Cheng] [rel says] [ARG1 0 the low margin required * for trading futures attracted a lot of small investors *ICH*-1 before the 1987 crash who *T*-2 did n't realize that their risk was virtually unlimited] .
- [ARG1 `` You 're not going *-1 to get your taxi drivers and amahs and all that , ''] [rel says] *T*-2 [ARG0 Rory Nicholas , a director for securities company Elders Bullion & Futures Ltd] .
- [ARG1 That should help *-2 to inspire confidence] , [ARG0 Mr. Gilmore] [rel says] 0 *T*-1 .
- [ARGM-DIS But] [ARG0 regulators] [ARGM-TMP this week] [rel said] [ARG1 0 futures-exchange officials still have a way 0 * to go *T*-1 before they answer all the remaining detailed questions about the contract] .
- [ARGM-DIS But] [ARG0 securities regulators] [ARGM-TMP now] [rel say] [ARGM-MNR privately] [ARG1 that it is n't likely *-1 to start until the first quarter of next year] .
- [ARG0 Jujo Paper] [rel said] [ARG1 0 its pretax profit rose 0.3 % to 13.05 billion yen from 13.02 billion yen] .
- [ARG0 Oji Paper , the nation 's largest in terms of sales ,] [rel said] [ARG1 0 its pretax profit rose 1.5 % to 23.11 billion yen -LRB- US$ 163.3 million *U* -RRB- from 22.76 billion yen] .
- [ARG0 A company spokesman] [rel said] [ARG1 0 the Veslefrikk field 's gross reserves were estimated *-1 in 1987 at 229 million barrels] .
- [ARG0 The spokesman] [rel said] [ARG1 0 Unocal has had `` considerable interest '' from prospective buyers] .
- [ARG0 Mr. Nowak] [rel said] [ARG1 0 he attaches particular importance to the proposed sale because it suggests that the company is willing *-2 to sell oil and gas assets that *T*-1 are n't part of its major strategic strengths] .
- [ARG0 Unocal] [rel said] [ARG1 0 it expects *-1 to complete the sale of its Unocal Norge A\/S unit by next March or April] .
- [ARG1 France 's unemployment rate was steady at a seasonally adjusted 9.5 % in September] , [ARG0 the Social Affairs Ministry] [rel said] 0 *T*-1 .
- [ARG0 Bausch & Lomb Inc.] [rel said] [ARG1 0 it plans *-2 to introduce next year a new line of sunglasses containing melanin , the pigment that *T*-1 protects against damage from ultraviolet rays] .
- [ARG0 Security] [rel said] [ARG1 0 it signed a letter of intent * to purchase La Jolla Bancorp , * agreeing *-1 to pay $ 15 *U* of its own stock for each share of La Jolla] .
- [ARG1 As of Sept. 30 , the bank had assets of $ 511 million *U* and deposits of $ 469 million *U*] , [ARG0 Security Pacific] [rel said] 0 *T*-1 .
- [ARG1 South Africa 's current account surplus swelled to a seasonally adjusted annual rate of between five billion and six billion rand -LRB- $ 1.9 billion and $ 2.28 billion *U* -RRB- in the third quarter] , [ARG0 Reserve Bank Governor Chris Stals] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 this improvement means 0 it is still possible * to reach the targeted current account surplus of four billion rand for 1989] .
- [ARG0 Moscom Corp.] [rel said] [ARG1 0 its board approved the repurchase of as many as 300,000 common shares when market conditions are suitable *T*-1] .
- [ARG0 Service Corp. International] [rel said] [ARG1 0 it expects *-1 to report net income of 15 cents a share for the third quarter] .
- [ARG0 The company] [rel said] [ARG1 0 it expects *-1 to release third-quarter results in mid-November] .
- [ARG0 The state-controlled French metals group Pechiney S.A.] [rel said] [ARG1 0 it has signed a preliminary accord * to sell its Paris headquarters to Groupement Foncier Francais and Nouveaux Constructeurs for 2.76 billion francs -LRB- $ 443 million *U* -RRB-] .
- [ARG1 Hong Kong 's main measure of consumer prices rose 10 % in September from a year earlier] , [ARG0 the government] [rel said] 0 *T*-1 .
- [ARG1 West German and French authorities have cleared Dresdner Bank AG 's takeover of a majority stake in Banque Internationale de Placement -LRB- BIP -RRB-] , [ARG0 Dresdner Bank] [rel said] 0 *T*-1 .
- [ARG0 Dresdner Bank] [rel said] [ARG1 0 it will also buy all shares tendered * by shareholders on the Paris Stock Exchange at the same price from today through Nov. 17] .
- [ARG0 Furukawa Electric Co. , one of Japan 's leading electric wire and cable manufacturers ,] [rel said] [ARG1 0 unconsolidated pretax profit in the fiscal first half ended * Sept. 30 fell 5.3 % to 6.11 billion yen -LRB- $ 43.1 million *U* -RRB- from 6.45 billion yen a year earlier] .
- [ARG1 The growing sales sustained * by domestic demand failed *-2 to counter rising material metal costs and declining profitability in overseas construction] , [ARG0 Furukawa] [rel said] 0 *T*-1 .
- [ARG1 West Germany 's cost-of-living index rose a preliminary 0.3 % in October from September and was up 3.3 % from a year earlier] , [ARG0 the Federal Statistics Office in Wiesbaden] [rel said] 0 *T*-1 .
- [ARG0 A ministry official] [rel said] [ARG1 0 the growth leads to the conclusion 0 the adverse effects of a consumption tax introduced * in April have diminished] .
- [ARG0 Shell Canada Ltd.] [rel said] [ARG1 0 it plans *-1 to build a lubricants blending and packaging plant at Brockville , Ontario , with start-up scheduled *-2 for 1992] .
- [ARG0 A spokesman] [rel said] [ARG1 0 the plant , which *T*-1 will replace older lubricant and grease manufacturing plants in Montreal and Toronto , will cost about 50 million Canadian dollars -LRB- US$ 42.5 million *U* -RRB- * to build *?*] .
- [ARG0 Some dealers] [rel say] [ARG1 0 other traders were n't picking up their phones] .
- [ARG1 In France , more than half the top 25 blue-chip stocks -- including such giants as BSN and Elf Aquitaine -- did n't open until Wall Street rallied late in the European trading day] , [ARG0 traders] [rel say] 0 *T*-1 .
- [ARG0 They] [rel say] [ARG1 0 the recent market volatility has underscored the shortcomings of the way 0 many European exchanges trade stocks *T*-1] .
- [ARG1 It was a nightmare] , '' [rel says] *T*-1 [ARG0 Susan Noble , an investment manager at Robert Fleming Holdings Ltd. 's International Investment Management unit in London] .
- [ARGM-DIS And] [ARG0 senior officials of two U.S. securities houses] [rel say] [ARG1 0 they switched trades in European stocks to the London market last week when they could n't unwind positions on the Continent *T*-1] .
- [ARG1 `` I would be much happier if this volume -LCB- in German stocks -RCB- were in Frankfurt rather than London , ''] [rel says] *T*-1 [ARG0 Dieter Bauernfeind , head of international equity sales at Dresdner Bank in Frankfurt] .
- [ARG0 A Frankfurt exchange official] , [ARGM-ADV *-1 acknowledging the brokers ' anxieties] , [rel says] [ARG1 0 the market still feels 0 it `` functioned OK during this crash] . ''
- [ARG1 `` I 'm not saying 0 London covered itself in glory , but the events of the past week have certainly exposed Europe 's weaknesses , ''] [rel says] *T*-2 [ARG0 Stewart Gilchrist , a director of Scottish Amicable Investment Managers in Glasgow , Scotland , which *T*-1 manages about # 6 billion *U* -LRB- $ 9.63 billion *U* -RRB- in institutional money] .
- [ARG0 The Dutch , who *T*-2 had some trading problems because of insufficient computer capacity ,] [rel say] [ARG1 0 new equipment 0 *T*-4 to solve the problems ought *-1 to be installed *-3 within a month] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 a spokeswoman for the Brussels Bourse] : `` Nobody around here will tell you 0 they are happy 0 the system did n't work .
- `` [ARG0 I] 'm [ARGM-NEG not] [rel saying] [ARG1 0 London covered itself in glory] , but the events of the past week have certainly exposed Europe 's weaknesses , '' says *T*-2 Stewart Gilchrist , a director of Scottish Amicable Investment Managers in Glasgow , Scotland , which *T*-1 manages about # 6 billion *U* -LRB- $ 9.63 billion *U* -RRB- in institutional money .
- `` [ARG0 They all] [rel said] [ARG1 0 they invested huge amounts of money] .
- [ARG1 But they either did n't buy the right machines or they wasted it , ''] [rel says] *T*-1 [ARG0 Fleming 's Ms. Noble] .
- [ARG0 He] [rel says] [ARG1 0 the problems on European exchanges included market-system breakdowns , delayed execution of buy and sell orders and trading suspensions] .
- [ARG1 `` The events strengthen London 's hand in * becoming the center for * trading European stocks , ''] [ARG0 Mr. Gilchrist] [rel says] *T*-1 .
- [ARG1 Canadian steel production totaled 290,541 metric tons *ICH*-1 in the week ended * Oct. 21 , a 5.1 % increase from 276,334 tons the previous week but a 7.2 % decline from 313,125 tons a year earlier] , [ARG0 Statistics Canada] [rel said] 0 *T*-2 .
- [ARG0 The federal agency] [rel said] [ARG1 that in the year through Oct. 21 production totaled 12,573,758 tons , up 7.1 % from 11,742,368 tons] .
- [ARG0 Trinova Corp.] [rel said] [ARG1 0 it will resume *-1 buying back as many as three million of its common shares under a program announced * two years ago] .
- [ARG0 The company] [rel said] [ARG1 0 it is n't *-1 making a commitment *-2 to purchase a specific number of shares] .
- [ARG0 Calgene Inc. and Gustafson Inc.] [rel said] [ARG1 0 they plan a joint project 0 *T*-1 to develop biological products 0 *T*-2 to control such plant diseases as aflatoxin , a potent cancer-causing agent] .
- [ARG0 Calgene , an agricultural biotechnology concern ,] [rel said] [ARG1 0 initial work will concentrate on a proprietary strain of Bacillus subtilis which *T*-1 has shown promise for * controlling aflatoxin] .
- [ARG1 `` We do n't want Brussels deciding conditions for workers unless they are necessary and useful , ''] [rel said] *T*-1 [ARG0 Zygmunt Tyszkiewicz , secretary general of the employers ' confederation Unice] .
- [ARGM-DIS But] [ARG0 the Unice official] [rel said] [ARG1 that * producing a charter acceptable to both Britain and European industry is n't an unattainable goal] .
- [ARG1 One possible political solution] , [ARG0 an EC official] [rel said] 0 *T*-1 , would be for the commission to present the action program in late November , before the adoption of the charter at a summit of EC governments on Dec. 8 and 9 .
- [ARG1 Workers and management] , [ARG0 Mr. Tyszkiewicz] [rel said] 0 *T*-2 , would lose the `` flexibility and diversity '' that *T*-1 has so far allowed them to adapt to local conditions and traditions .
- [ARG1 France will propose a slightly watered-down version of the charter 0 *T*-2 to be discussed *-1 by EC social-affairs ministers on Monday] , [ARG0 officials] [rel said] 0 *T*-3 .
- `` [ARG1 We] still have serious differences with the text , '' [ARG0 a British official] [rel said] *T*-1 , because it provides for a `` regulation of the labor market . ''
- [ARG0 Mr. Tyszkiewicz] [rel said] [ARG1 0 the charter would put poorer EC countries such as Spain , Greece and Portugal at a disadvantage] .
- [ARG1 `` First year 0 I came back *T*-2 there was n't any work , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG1 After 11:30 a.m. or so `` we have them standing and waiting , ''] [ARG0 she] [rel says] *T*-1 , [ARGM-ADV as she whips out orders for hamburgers and the daily special -LRB- grilled roast beef , cheese and jalapeno pepper sandwich on whole wheat , potato salad , baked beans and pudding , plus coffee or iced tea] .
- [ARG1 `` I want *-1 to add one more truck , ''] [ARG0 Mr. Huber] [rel says] *T*-2 .
- [ARG1 `` The fundamentals of supply and demand once again are setting oil prices , ''] [rel says] *T*-1 [ARG0 Victor Burk , an Arthur Andersen & Co. oil expert] .
- [ARG1 That in itself has got *-1 to cause people to feel a little more optimistic , ''] [rel says] *T*-2 [ARG0 Glenn Cox , the president of Phillips Petroleum Co] .
- [ARG1 The resulting firm prices and stability `` will allow both producers and consumers to plan confidently , ''] [rel says] *T*-1 [ARG0 Saudi Arabian Oil Minister Hisham Nazer] .
- `` [ARG1 We] 've been putting in long hours , '' [ARG0 Mr. Ramirez] [rel says] *T*-1 -- six-day weeks and 13-hour days for the last two months .
- [ARG1 `` This is an opportune time 0 *T*-1 to find mutual ways 0 -LCB- *T*-2 to prevent -RCB- price shocks from * happening again , ''] [ARG0 he] [rel says] *T*-3 .
- [ARG0 Patrick J . Early , president of Amoco Corp. 's oil-production unit ,] [rel says] [ARG1 that despite recent stability , he plans continued tightening of costs and exploration spending] .
- [ARG1 `` Talk is that everybody is going *-1 to drill more wells , ''] [rel says] *T*-2 [ARG0 foreman Tommy Folsom] .
- [ARG1 `` We went to six companies over two days *-1 pitching the prospect , ''] [rel says] *T*-2 [ARG0 Tim Parker , a Santa Fe exploration manager] .
- [ARG1 `` A kind of no-mistakes mentality '' had been stifling activity ,] [rel says] *T*-1 [ARG0 Don Covey , Mitchell 's oil exploration chief] .
- [ARG1 `` At this price , $ 18 *U* plus or minus , and with costs being significantly less than they were *?* several years ago , the economics are pretty good , ''] *T*-2 [rel says] [ARG0 George Kadane , head of the company] .
- [ARG1 At the bottom of the slump , Schlumberger Inc. was discounting 75 % on an electronic evaluation of a well ; now it discounts about 50 %] , [ARG0 drillers] [rel say] 0 *T*-1 .
- [ARG0 It] [rel says] [ARG1 0 40 % of those surveyed * report that 1989 exploration spending will exceed 1988 's] .
- [ARG1 Texaco , thinking in terms of $ 18-to-$19 *U* oil for 1990 , may raise spending , especially for low-risk prospects] , [ARG0 an official] [rel says] 0 *T*-1 .
- [ARG1 Although `` it *EXP*-1 's still difficult * to raise money for a pure wildcat program , ''] [rel says] 0 *T*-2 [ARG0 William Thomas , a Texas Commerce Bank official in Houston] , `` institutions are starting *-3 to see 0 there are cycles to these things , and this one is beginning *-4 to turn . ''
- [ARG1 They 're so busy , ''] [rel says] *T*-1 [ARG0 one Santa Fe drilling foreman here] .
- [ARG1 Last year , `` I was off a straight month , then one time for two to three weeks and another two to three weeks] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG0 Walter S. Fisher , executive vice president and general auditor of the bank 's parent , Security Pacific Corp. ,] [rel said] [ARG1 0 no bank funds were at risk during the investigation] .
- [ARG0 Australia 's National Companies and Securities Commission] [rel said] [ARG1 0 it will allow S.A. Brewing to acquire an option on as much as 20 % of Bell Resources Ltd. , a unit of Bond Corp. that *T*-1 is in the process of * acquiring Bond Corp. 's brewing businesses for 2.5 billion Australian dollars -LRB- US$ 1.93 billion *U* -RRB-] .
- [ARG1 S.A. Brewing , which *T*-1 is 20%-owned by Elders IXL Ltd. , Australia 's largest brewer , will make a takeover offer for all of Bell Resources if it exercises the option] , [ARG0 the corporate regulators] [rel said] 0 *T*-2 [ARGM-LOC in a statement] .
- [ARG1 But] then , [ARG0 he] [rel says] 0 *T*-1 , they put two loaded pistols to his temple and demanded 0 he open the safe .
- [ARG1 When he initially refused *T*-1] , [ARG0 he] [rel says] 0 *T*-2 , they stabbed him in the back and made off with $ 2,000 *U* and 280 blank tickets .
- `` [ARG1 They said 0 they wanted *-1 to show me how serious they were *T*-2] , '' [ARG0 he] [rel says] *T*-3 .
- `` [ARG0 They] [rel said] [ARG1 0 they wanted *-1 to show me how serious they were *T*-2] , '' he says *T*-3 .
- `` [ARG1 It *EXP*-1 's hard * to deal with clients this way in a service business] , '' [rel says] *T*-4 [ARG0 Ralph `` Bud '' Conner , owner of the agency , which *T*-3 was robbed *-2 of 180 blank tickets and $ 850 *U* last month] .
- [ARG0 Agents] [rel say] [ARG1 0 airlines , which *T*-1 track ticket numbers of all stolen tickets , should be doing more *-2 to catch the thieves by * confiscating the tickets when they 're used *-3 *T*-4] .
- [ARG1 `` They have the most sophisticated computers in the world , ''] [rel says] *T*-1 [ARG0 Mr. LLerena] .
- [ARGM-DIS But] [ARG0 airlines] [rel say] [ARG1 0 it would be too expensive and cause too many delays if they started *-1 using computerized scanners *-2 to check tickets at the gate] .
- [ARGM-ADV Specifically] , [ARG0 the law] [rel says] [ARG1 0 the rates must closely reflect what the company 's actual expenses have been *T*-1 * to replace damaged cars] .
- [ARG1 `` If they 're telling the truth now , then they 've been charging 300 % more than what *T*-1 is reasonable , ''] [rel says] *T*-2 [ARG0 Steve Gardner , an assistant state attorney general in Texas] .
- `` [ARG1 As far as the FAA is concerned *-1] , '' [rel says] *T*-3 [ARG0 Matt Finucane , air safety director at the Association of Flight Attendants] , `` flight attendants can work an unlimited number of hours . ''
- [ARG0 Experts] [rel say] [ARG1 0 such long hours for attendants pose a safety risk] .
- [ARG1 `` At the end of their day , they are zombies , ''] [rel says] *T*-1 [ARG0 John Galipault , president of the Aviation Safety Institute , a public-interest group in Worthington , Ohio] .
- [ARGM-ADV In response to the study] , [ARG0 the FAA] [rel says] [ARG1 0 it is considering *-1 changing its policy -- or lack of it -- on flight attendants] .
- [ARG0 Los Angeles police] [rel say] [ARG1 0 the thieves seem *-2 to be part of a crime network that *T*-1 knows how *-3 to convert blank tickets into real ones *T*-4] .
- [ARG0 Police] [rel say] [ARG1 0 the robberies are usually pulled *-2 off by two to five men , who *T*-1 walk into the agencies near closing or lunch time , when few employees are there *T*-3] .
- `` [ARG1 They looked like ordinary vacationers at first] , '' [rel says] *T*-2 [ARG0 Willy LLerena , owner of Travel Air Service in Monte Bello , Calif.] , [ARGM-ADV * describing five men who *T*-1 entered his agency last June] .
- [ARG0 W.R. Grace & Co.] [rel said] [ARG1 0 it formed a new horticultural-products company by * combining its soil-nutrients and fertilizers business with Sierra Chemical Co. , Milpitas , Calif] .
- [ARG0 Grace , a maker of specialty chemicals that *T*-1 already owned about 30 % of closely held Sierra ,] [rel said] [ARG1 0 it owns a 49 % stake in the new company] .
- [ARG0 Grace] [rel said] [ARG1 0 it did n't invest any additional capital in the venture , which *T*-2 will be known *-1 as Grace-Sierra Horticultural Products Co] .
- [ARG1 The business is expected *-1 to have sales of about $ 100 million *U* in 1990] , [ARG0 Grace] [rel said] 0 *T*-2 .
- [ARG0 The Financial Accounting Standards Board] [rel said] [ARG1 0 it will soon issue a rule requiring disclosure about the financial risk of certain financial instruments] .
- [ARG0 Scott Miller , an FASB project manager ,] [rel said] [ARG1 that a final rule will be issued *-1 before year end] .
- [ARG0 Poughkeepsie Savings Bank] [rel said] [ARG1 0 a plan * to sell its South Carolina branch offices to First Citizens Bank , of Columbia , S.C. , fell through] .
- [ARG1 Among other reasons , high fees 0 regulators imposed *T*-1 on certain transfers of thrift deposits to commercial banks `` substantially altered the economics of the transaction for both parties , ''] [ARG0 Poughkeepsie] [rel said] 0 *T*-2 .
- [ARG0 Poughkeepsie] [rel said] [ARG1 0 it is continuing *-1 to try *-2 to sell itself , under a June agreement with a dissident-shareholder group] .
- [ARG0 The bank] [ARGM-DIS also] [rel said] [ARG1 0 its effort would continue past the Nov. 1 deadline set * in that agreement and that the litigation between the two sides might resume as a result] .
- [ARG0 The researchers] [rel said] [ARG1 0 they did this] , but the toxin did n't induce immunity to whooping cough .
- [ARG0 The Italian-led scientific team] [rel said] [ARG1 0 they had succeeded in * getting bacteria to produce a non-toxic version of the pertussis toxin , which *T*-2 could be used *-1 as a safe vaccine] .
- [ARG1 `` For a member of the Rothschild family , the return to Frankfurt is a very meaningful event , although it might not mean as much to German banking as it means to us , ''] [rel says] *T*-1 [ARG0 Baron David de Rothschild , Elie 's younger cousin and a partner in Rothschild & Cie . Banque in Paris] .
- [ARG1 But the market really is n't going *-2 to be stood *-1 on its head , ''] [rel said] *T*-3 [ARG0 a banker at one of Frankfurt 's Big Three banks] .
- He left his job as general manager of Shearson Lehman Hutton Holdings Inc. 's Frankfurt office because , [ARG0 he] [rel says] 0 [ARG1 *T*-1] , `` When the Rothschilds called *T*-2 , I could n't resist . ''
- `` [ARG1 But] we do make exceptions , '' [rel says] *T*-1 [ARG0 a smiling Baron Elie de Rothschild] , `` especially if they are very young and have very rich parents .
- [ARG1 Yet] the chief reason for the closure , [ARG0 he] [rel says] 0 *T*-3 , was rooted in a family tradition that *T*-2 would n't allow a bank to bear the Rothschild name without a Rothschild in its management .
- [ARGM-ADV As program trading comes under renewed attack for * causing stock market gyrations] , [ARG0 a few people on Wall Street] [rel say] [ARG1 0 it is time 0 * to consider extreme measures *T*-1] .
- [ARG0 One group] [rel says] [ARG1 0 the futures contribute to stock market volatility] ; the other contends that futures are a sideshow of speculation that *T*-1 detracts from the stock market 's basic function of * raising capital .
- [ARG1 The real answer to * curbing wild swings in stock prices] , [ARG0 they] [rel say] 0 *T*-2 , might be * to curb *RNR*-1 or even abolish *RNR*-1 stock-index futures .
- [ARG1 `` The fundamentals do n't change in an hour , ''] [ARG0 he] [rel says] *T*-1 .
- [ARGM-ADV Although index arbitrage is said *-1 to add liquidity to markets] , [ARG0 John Bachmann , managing partner of Edward D. Jones ,] [rel says] [ARG1 0 too much liquidity is n't a good thing]
- Although [ARG1 index arbitrage] is [rel said] *-1 to add liquidity to markets , John Bachmann , managing partner of Edward D. Jones , says 0 too much liquidity is n't a good thing
- [ARG1 It 's too disruptive , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG0 Defenders] [rel say] [ARG1 0 futures make markets more efficient and provide ways 0 for investors to reduce risks *T*-1] .
- [ARG1 And] , [ARG0 defenders] [rel say] 0 *T*-1 , few people complain about futures when stock prices are rising *T*-2 .
- [ARG0 Louis Margolis , managing director in charge of equity options and futures at Salomon Inc. ,] [rel says] [ARG1 that * trading baskets of stocks began in the 1970s , a decade before the advent of futures] .
- [ARG1 Futures] , [ARG0 he] [rel says] 0 *T*-1 , merely cut down on trading costs .
- [ARG0 He] [rel says] [ARG1 `` * blaming futures is like * blaming the messenger] . ''
- [ARG1 Since stock-index arbitrage merely narrows the gap between prices in the futures and stock markets , it ca n't add to volatility] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 Futures `` do n't need defending , ''] [rel says] *T*-2 [ARG0 Andrew Yemma , a spokesman for the Chicago Mercantile Exchange , which *T*-1 trades the S&P 500 , by far the largest stock-index futures contract] .
- [ARGM-DIS And] [ARG0 traders] [rel say] [ARG1 that futures have become an accepted part of the financial landscape] .
- [ARG1 `` All life is about change -- either you adapt or *-1 die , ''] [rel says] *T*-2 [ARG0 one Chicago futures trader] .
- [ARG0 Many investment managers] [rel say] [ARG1 0 futures are useful as a way 0 * to hedge portfolios *T*-1] .
- [ARG0 Many investment managers] [rel say] [ARG1 0 futures are useful as a way 0 * to hedge portfolios *T*-1] .
- One reason 0 [ARG1 futures] are [rel said] *-1 to add volatility *T*-2 is that -- unlike in stocks -- people can speculate in futures with little money down .
- [ARG0 Some critics] [rel say] [ARG1 0 futures encourage people to think of stocks as a single commodity , rather than as investments in individual businesses] .
- [ARG1 Thus] , [ARG0 they] [rel say] 0 *T*-1 , futures inhibit the basic purpose of the stock market : * to accurately price securities so that capital and investment flows where it 's needed most *T*-3 .
- [ARG1 The S&P 500 index futures `` transferred the identity of 500 stocks into one unit - *-1 making them a simple commodity 0 * to trade *T*-2 , ''] [rel says] *T*-3 [ARG0 George Kegler , senior vice president at A. Webster Dougherty in Philadelphia] .
- `` [ARG1 It took away the need * to know the bad third-quarter report of IBM , for example] , '' [ARG0 Mr. Kegler] [rel says] *T*-2 .
- [ARG1 `` There is a class of investor that *T*-2 wants *-3 to be exposed *-1 '' to the whole market ,] [rel says] *T*-4 [ARG0 Sandip Bhagat , assistant vice president at Travelers Investment Management Co] .
- [ARG1 The S&P futures are merely a `` cheaper and quicker '' way 0 * to get access to all 500 stocks *T*-1] , [ARG0 he] [rel says] 0 *T*-2 .
- [ARG1 `` You do n't own anything , ''] [rel says] *T*-1 [ARG0 Stephen Boesel , a money manager for T. Rowe Price in Baltimore] .
- And [ARG0 Mario Gabelli , another star in the investing world ,] [rel says] , [ARG1 `` My gut says 0 the negatives of futures and synthetics far outweigh the benefits] . ''
- And Mario Gabelli , another star in the investing world , says , `` [ARG0 My gut] [rel says] [ARG1 0 the negatives of futures and synthetics far outweigh the benefits] . ''
- [ARGM-ADV Like others] , [ARG0 Mr. Gabelli] [rel says] [ARG1 that if futures cause investors to lose confidence in stocks , they will move away from stocks -- as many have already done] .
- [ARG1 And] those who *T*-1 remain , [ARG0 he] [rel says] 0 *T*-2 `` will demand a higher return and over time raise the cost of capital to companies . ''
- [ARG0 An EC spokesman] [rel said] [ARG1 0 the two companies will be notified *-1 so they can begin negotiations with Brussels on how * to modify the pact *T*-2] .
- [ARG0 An Air France spokeswoman] [rel said] , [ARG1 `` we 're absolutely ready *-1 to study all solutions] . ''
- [ARG0 An Air Inter spokesman] [rel said] , [ARG1 `` Because they -LCB- the EC -RCB- have doubts , we will work again on the text and the contents of the accord] .
- [ARG0 The charges] [rel said] [ARG1 that one worker suffered permanent brain damage from mercury exposure] .
- [ARG0 Elizabeth Holtzman , district attorney for Brooklyn , N.Y. ,] [rel said] , [ARG1 `` The appellate division has agreed with our view that despite federal worker-safety laws , state prosecutors have the power * to protect working people] . ''
- [ARG1 `` I really do n't see the government doing something that Jaguar does n't want *T*-1 over the next 14 months , ''] [rel said] *T*-2 [ARG0 Kenneth Warren , a Conservative member of Parliament and chairman of the Select Committee on Trade and Industry in Britain 's House of Commons] .
- [ARG1 The No. 1 U.S. auto maker then wrote Jaguar that it intends `` *-1 to go to that 15 % '' level once it wins the U.S. clearance * to go beyond $ 15 million *U*] , [ARG0 a Jaguar spokesman] [rel said] 0 *T*-2 yesterday .
- [ARG0 He] [rel said] [ARG1 0 Jaguar `` should n't be smothered *-1 by anyone else , ''] recalled 0 *T*-2 one participant .
- [ARG1 `` We will not go over a certain level , ''] [rel said] *T*-1 *ICH*-2 *ICH*-3 [ARG0 David N. McCammon , Ford 's vice president for finance ,] [ARGM-TMP at a news conference yesterday] [ARGM-LOC in Dearborn , Mich] .
- [ARG0 Swedish rolling-steel and ball-bearing group AB SKF] [rel said] [ARG1 0 its pretax profit rose 78 % to 1.78 billion kronor -LRB- $ 278 million *U* -RRB- in the first nine months from one billion kronor -LRB- $ 156 million *U* -RRB- in the corresponding period a year earlier] .
- [ARG0 SKF] [rel said] [ARG1 0 sales increased 17 % to 18.46 billion kronor from 15.72 billion] .
- [ARG0 SKF] [rel said] [ARG1 0 demand for the group 's main product , rolling bearings , remained favorable in Europe , which *T*-1 accounts for slightly more than two-thirds of group sales] .
- [ARG1 Latin American markets continued their recovery after a weak start to the year] , [ARG0 SKF] [rel said] 0 *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 the situation in the U.S. is still uncertain as reduced production in the country 's automotive industry has resulted in weakened demand for rolling bearings] .
- [ARG0 Analysts] [rel said] [ARG1 0 SKF 's results for the first nine months lived up to market expectations as brokerage firms had predicted a pretax profit of 1.74 billion to 1.86 billion kronor] .
- [ARG1 `` We are crossing the river and we need a little more help *-1 to get to the other side , ''] [rel said] *T*-2 [ARG0 Rodrigo Sotela , an economic affairs specialist at the Costa Rican Embassy in Washington] .
- [ARG1 `` I think 0 Bush 's going there is a helpful sign , ''] [rel said] *T*-2 [ARG0 Sen. Terry Sanford -LRB- D. , N.C . -RRB- a member of the Foreign Relations Committee who *T*-1 pushed * to provide Costa Rica about the same amount of aid as it received * last year] .
- `` * Let [ARG0 me] [rel say] [ARG1 0 there is a symbolic component to this trip] , '' Secretary of State James Baker told reporters *T*-1 Wednesday .
- [ARG0 Some conservatives] [rel say] [ARG1 0 Mr. Bush should n't make the trip , during which he will participate in Costa Rica 's celebration of 100 years of democracy *T*-1] .
- [ARG1 `` I believe 0 it will do more damage than good because it will legitimize people like Daniel Ortega , ''] [rel says] *T*-2 [ARG0 Curtin Windsor , who *T*-1 served as U.S. ambassador to Costa Rica during the Reagan administration] .
- [ARG0 The administration] [rel said] [ARG1 0 improvements in Costa Rica 's economic condition warrant the cut in aid , which the country uses *T*-1 mainly *-2 to make payments on its $ 4.5 billion *U* foreign debt] .
- Almost half -LRB- 49.8 % -RRB- reported *-1 suffering `` mental abuse '' from coaches , and [ARG0 almost one-quarter -LRB- 24.8 % -RRB-] [rel said] [ARG1 0 they had been pressured *-2 to ignore injuries] .
- Here are a few of their answers : -- `` [ARG0 They] [rel say] [ARG1 that I am a student-athlete] , but really I 'm an athlete-student .
- [ARG0 They] [ARGM-TMP always] [rel say] [ARG1 0 * to get a degree first] , but they do n't allow us time or * to skip practice *-1 to study for a test .
- [ARGM-ADV So] [ARG0 Mr. Kahn] [rel says] [ARG1 0 high priority is being given *-1 to * creating a computerized matchmaking service `` where instead of * being matched *-2 for eye color , you could be matched *-3 for similar intellectual interests] . ''
- `` We could have called ourselves the Academic Intellectual Society , but [ARGM-DIS then] [ARG0 everyone] [ARGM-MOD would] have [rel said] , [ARG1 ` Oh , you mean the nerd-and-geek club , '] '' Leonid Fridman , SONG 's graduate-student adviser , told 19 attendees at the club 's inaugural meeting *T*-1 earlier this month .
- [ARG1 Dime Savings Bank of New York was cleared *-1 by the Federal Deposit Insurance Corp. *-1 to acquire Starpointe Savings Bank of Somerset , N.J. ,] [ARG0 the banks] [rel said] 0 *T*-2 .
- [ARG1 The split was aimed *-1 at * boosting the stock 's liquidity] , [rel said] 0 *T*-2 [ARG0 Brendan Barba , chairman of the Moonachie , N.J. , maker of plastic film products] .
- [ARG1 ENI needs *-2 to know what *T*-1 's coming as it prepares *-3 to spend some $ 1.3 billion *U* on * upgrading its refineries] , [ARG0 he] [rel says] 0 *T*-4 .
- [ARG1 Oil companies world-wide will have `` *-3 to spend a lot of money for the cleaner fuels that *T*-2 will be required *-1 , ''] [rel says] 0 *T*-4 [ARG0 John H. Lichtblau , the president of the Petroleum Industry Research Foundation] .
- [ARG1 `` We could have sat on it longer , but the impetus is * to get the gas to the marketplace , ''] [rel says] *T*-1 [ARG0 Richard Poole , senior scout for Santa Fe International] .
- [ARGM-ADV Although it was published *-1 *-1 unsigned in the latest edition of the weekly Ekonomicheskaya Gazeta] , [ARG0 Soviet sources] [rel say] [ARG1 0 the article was written *-2 by Leonid Abalkin and a small group of colleagues] .
- [ARG1 `` It 's clearly a manifesto for the next stage of perestroika , ''] [rel said] *T*-1 [ARG0 one analyst] .
- I 'll admit 0 there 's nothing wrong That I ever do find *T*-1 , But it *EXP*-3 's nice when [ARG0 people] [rel say] [ARG1 0 I appear mechanically inclined] *T*-2 .
- [ARG1 The rest] , as [ARG0 they] [rel say] , is history .
- [ARG1 `` Giants fans went into euphoria , ''] [rel says] *T*-1 [ARG0 Mr. Engelken] .
- [ARG1 He] often groans , [ARG0 he] [rel says] 0 *T*-3 , at the `` clutter '' of sports stories about drugs , alcohol , gambling and some player 's lament `` about the miserly millions 0 he is offered *-1 *T*-2 *-1 to play the game . ''
- `` [ARG1 Bertie] , '' [ARG0 she] [rel said] *T*-1 , `` Happy 50th Birthday .
- [ARG1 `` I thought 0 it was in the upper deck , ''] [rel said] *T*-1 [ARG0 Bobby Thomson , now 66 years old] .
- [ARG1 Mr. Engelken] , [rel says] 0 *T*-1 [ARG0 his wife] , `` was overwhelmed *-2 by the whole thing .
- The two men spent an hour at Exit 10 , *-1 rehashing the event , [ARG1 `` *-1 fulfilling the lifelong dream of a young boy now turned * 50 , '' [ARG0 Mr. Engelken] [rel says] *T*-2] .
- [ARGM-LOC In an interview] , [ARG0 Mr. Thomson , who *T*-1 is married *-2 and has three grown children ,] [rel says] [ARG1 0 he has few ties to baseball *ICH*-3 these days , other than * playing old-timers games now and again] .
- But when [ARG0 Betsy Engelken] wrote him , *-1 [rel saying] [ARG1 0 she could stop near his New Jersey home] *T*-2 , it seemed different .
- `` What a good feeling it *EXP*-3 would be *T*-2 for me to do that , '' [ARG0 he] [rel says] [ARG1 0 he thought *T*-4] .
- [ARG0 Southam Inc.] [rel said] [ARG1 0 its unprofitable weekly newspaper , The Financial Times of Canada , is up for sale] .
- [ARG1 Mr. Ondaatje] sold his stake in Pagurian Corp. to Hees earlier this year and is [rel said] *-1 to be seeking a media acquisition .
- [ARG0 Analysts] [rel said] [ARG1 0 the announcement , the latest in a series of divestitures and restructuring moves , is aimed *-1 at * improving Southam 's earnings before the expiration *ICH*-2 in June of a standstill pact with Torstar Corp] .
- Mr. Ondaatje could n't be reached *-1 for comment , but [ARG0 Roy Mac-Laren , chairman of CB Media , a closely held concern that *T*-2 publishes two business magazines ,] [rel said] [ARG1 0 his company would take a close look at the newspaper] .
- [ARG0 Mr. Cole] [rel said] [ARG1 0 the sale of the 77-year Financial Times , which Southam has owned *T*-1 since 1961 , is consistent with Southam 's strategy of * cutting costs *-2 to obtain maximum profits from its operations while *-3 disposing of `` chronically under-performing '' assets] .
- [ARG1 The newspaper could fetch between 15 million and 20 million Canadian dollars -LRB- US$ 12.8 million to $ 17.1 million *U* -RRB-] , [rel said] 0 *T*-2 [ARG0 one analyst , who *T*-1 asked not *-3 to be identified *-4] .
- [ARG1 `` *-1 To be profitable , the paper requires more circulation and building circulation is an expensive undertaking , ''] [rel said] *T*-2 [ARG0 John Macfarlane , the paper 's publisher] .
- [ARG0 Southam] [rel said] [ARG1 0 the level of future investment required * by the paper would have restricted its options in other areas] .
- [ARG1 The acquisition of the Financial Times of Canada is `` well within reach for any number of media companies , both public and private , ''] [rel said] *T*-1 [ARG0 James Cole , an analyst with Toronto-based BBN James Capel Inc] .
- [ARG0 Norton Co.] [rel said] [ARG1 0 net income for the third quarter fell 6 % to $ 20.6 million *U* , or 98 cents a share , from $ 22 million *U* , or $ 1.03 *U* a share] .
- [ARG1 In 1987 , a quarter of the population owned 91 % of the nation 's 71,895 square kilometers of private land] , [ARG0 the report] [rel said] 0 *T*-1 , and 10 % of the population owned 65 % of the land devoted * to housing .
- [ARG0 Former National Assemblyman Hong Sa-Duk , now a radio commentator ,] [rel says] [ARG1 0 the problem is intolerable for many people] .
- [ARG0 The administration] [rel says] [ARG1 0 the measures would stem rampant property speculation , free more land for the government 's ambitious housing-construction program , designed * to build two million apartments by 1992 -- and , perhaps , boost the popular standing of President Roh] .
- But [ARG0 opposition legislators and others calling for help for South Korea 's renters] [rel say] [ARG1 0 the proposed changes do n't go far enough *-2 to make it *EXP*-1 possible for ordinary people to buy a home] .
- [ARG1 `` I am determined *-1 to get an apartment in three years , ''] [ARG0 she] [rel says] *T*-2 .
- But [ARG0 others , large landowners , real-estate developers and business leaders ,] [rel say] [ARG1 0 the government 's proposals are intolerable] .
- [ARG1 `` There is no violation of the capitalistic principle of private property in what we are doing *T*-2 , ''] [rel says] *T*-3 [ARG0 Lee Kyu Hwang , director of the government 's Land Bureau , which *T*-1 drafted the bills] .
- [ARG1 The chief culprits] , [ARG0 he] [rel says] 0 *T*-2 , are big companies and business groups that *T*-1 buy huge amounts of land `` not for their corporate use , but for resale at huge profit . ''
- The report laid the blame on speculators , who [ARG0 it] [rel said] [ARG1 0 *T*-1 had pushed land prices up ninefold] .
- [ARG0 The company] [rel said] [ARG1 0 the move recognizes its strong financial position] .
- [ARGM-ADV Although profits were `` squeezed '' in 1989 , mainly as a result of higher raw-material costs] , [ARG0 the company] [rel said] [ARG1 0 it is confident about future earnings and cash flow for 1990 and beyond] .
- [ARG0 The Justice Department] [rel said] [ARG1 0 it is seeking *-2 to join a private lawsuit challenging a Pittsburgh suburb 's zoning ordinance that *T*-1 sharply restricts the locations available to group homes for the handicapped] .
- [ARG0 Greg Smith , Moon Township manager ,] [rel said] [ARG1 0 the ordinance is intended *-1 to prevent the concentration of group homes for the mentally retarded from * changing `` the character and flavor of the neighborhood] . ''
- [ARG0 He] [rel said] [ARG1 0 the ordinance also will benefit the mentally retarded] .
- [ARG1 `` Our intent is * to spread them out '' *-1 to insure 0 they are well integrated *-2 into the community] , [ARG0 he] [rel said] 0 *T*-3 .
- [ARG1 `` I will sit down and talk some of the problems out , but take on the political system ? Uh-uh , ''] [ARG0 he] [rel says] *T*-1 [ARGM-MNR with a shake of the head] .
- [ARG1 `` The bottom line is that he is a very genuine and decent guy , ''] [rel says] *T*-1 [ARG0 Malcolm Hoenlein , a Jewish community leader] .
- [ARG1 `` A lot of people think 0 I will give away the store , but I can assure you 0 I will not *?* , ''] [ARG0 he] [rel says] *T*-1 .
- [ARGM-DIS But] [ARG0 city officials] [rel say] [ARG1 0 tax revenues are lagging] .
- [ARG1 `` He is going *-1 to face a mess , ''] [rel says] *T*-2 [ARG0 City Council President Andrew Stein] .
- [ARG1 `` The thing about the Dinkins candidacy is that it offers hope to a broad range of people , ''] [rel says] *T*-1 [ARG0 Meyer Frucher , a real-estate executive and former aide to Gov. Mario Cuomo] .
- He is [ARG0 an avuncular figure] who *T*-1 remembers the birthdays of colleagues ' children , opens doors for women , and almost never has a bad word 0 * to [rel say] [ARG3 *T*-3 about anybody] .
- But even in his front-runner campaign , he has shown signs of the indecisiveness and confusion that [ARG0 some] [rel say] [ARG1 0 *T*-1 has plagued his tenure as Manhattan borough president -- and might hinder him as mayor] .
- His campaign was caught *-1 flat-footed amid allegations 0 it paid almost $ 10,000 *U* for what [ARG0 it] [rel said] [ARG1 0 *T*-2 was a `` get-out-the-vote '' effort by black activist Sonny Carson , a convicted kidnapper who later *T*-3 said publicly that he is `` anti-white] . ''
- His campaign was caught *-1 flat-footed amid allegations 0 it paid almost $ 10,000 *U* for what it said 0 *T*-2 was a `` get-out-the-vote '' effort by black activist Sonny Carson , [ARG0 a convicted kidnapper] who [ARGM-TMP later] *T*-3 [rel said] [ARGM-MNR publicly] [ARG1 that he is `` anti-white] . ''
- [ARG0 Critics] have [rel said] [ARG1 0 the payment looked like an attempt *ICH*-3 by the Dinkins camp * to get Mr. Carson to stop *-1 leading confrontational demonstrations protesting the Bensonhurst murder -- protests 0 the campaign may have feared 0 *T*-2 could cause some white voters to turn from a black candidate] .
- [ARG1 `` I always thought of this as a thing that *T*-2 could always be done *-1 tomorrow , ''] [ARG0 he] [rel said] *T*-3 [ARGM-TMP at the time] .
- Mr. Sutton recalls : `` When I left *T*-1 , I sat down with Charlie -LCB- Rangel -RCB- , Basil -LCB- Paterson -RCB- and David , and [ARG0 David] [rel said] , ` [ARG1 Who *T*-2 will run for borough president ?] ' And I said , ` You will *?* . ' ''
- Mr. Sutton recalls : `` When I left *T*-1 , I sat down with Charlie -LCB- Rangel -RCB- , Basil -LCB- Paterson -RCB- and David , and David said , ` Who *T*-2 will run for borough president ? ' And [ARG0 I] [rel said] , ` [ARG1 You will *?*] . ' ''
- [ARG0 David Garth , Mayor Koch 's longtime media adviser ,] [rel says] of [ARG3-of Mr. Dinkins] , [ARG1 `` He really is the personification of the patronage system] .
- [ARG1 `` He taught me how * to drink herbal tea instead of coffee at 3 a.m. *T*-2 , I 'll give him that , ''] [rel says] *T*-1 [ARG0 Deputy Mayor Robert Esnard] .
- [ARGM-DIS But] [ARG0 board members] [rel say] [ARG1 0 he took so long *-1 to decide how * to vote *T*-2 that by the time 0 he decided *T*-3 , it was too late * to try *-4 to draw other members to his position] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 one city official] : `` Everybody else had brought in the wagons and made their deal .
- [ARG1 One Board member , Bronx Borough President Ferdinand Ferrer ,] was [rel said] *-1 to be so impatient with Mr. Dinkins 's behavior at many meetings that he withheld his support for Mr. Dinkins 's mayoral effort until late in the primary campaign .
- [ARG1 `` We did n't rubber-stamp everything that *T*-1 came to us , ''] [ARG0 Mr. Lynch] [rel says] *T*-2 .
- [ARG0 Many economic-development officials] [rel say] [ARG1 0 the Koch administration 's aggressive approach helped save 5,000 Chase Manhattan Bank jobs from * moving across the Hudson] .
- [ARG0 Steven Spinola , president of the Real Estate Board of New York , an industry organization ,] [rel says] [ARG1 0 Mr. Dinkins 's `` economic development program is shortsighted , but when it comes down to it *T*-1 , he can be reasonable] . ''
- [ARGM-DIS But] [ARGM-TMP as the Dinkins campaign hit tough times this month] , [ARG1 Andrew Cuomo , the politically seasoned son of the New York governor ,] is [ARGM-DIS also] [rel said] *-1 to have taken a more active role on strategy .
- [ARG0 Mr. Dinkins] [ARGM-DIS also] has [rel said] [ARG1 0 he would receive economic advice from a board that *T*-1 would include American Express Co. chairman James D. Robinson III , investment banker Felix Rohatyn , leveraged-buy-out specialist Reginald Lewis and attorney Joseph Flom] .
- [ARG1 `` We know 0 there are potholes for the city out there , ''] [rel says] *T*-1 [ARG0 Mr. Paterson , Mr. Dinkins 's former law partner] .
- [ARG1 `` That 's my job -- * get -LCB- policyholders -RCB- what they 're entitled to *T*-3 , ''] [rel says] *T*-4 [ARG0 Bill Schaeffer , a claims supervisor who *T*-1 flew in from Aetna 's Bridgeport , Conn. , office] .
- [ARG1 `` It really brings you down to a human level , ''] [ARG0 she] [rel says] *T*-1 .
- [ARG0 Adjusters who *T*-1 had been working on the East Coast] [rel say] [ARG1 0 the insurer will still be processing claims from that storm through December] .
- [ARG1 `` The secret to * being a good adjuster is counting , ''] [rel says] *T*-1 [ARG0 Gerardo Rodriguez , an Aetna adjuster from Santa Ana] .
- [ARG1 I really do , ''] [ARG0 she] [rel says] *T*-1 .
- [ARG0 The adjuster] had n't completed all the calculations , but [rel says] : `` [ARG1 We 're talking policy limits] . ''
- [ARG1 `` We can lose money on this , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG1 `` And you did n't want me to buy earthquake insurance , ''] [rel says] *T*-2 [ARG0 Mrs. Hammack] , [ARGM-ADV *-1 reaching across the table and gently tapping his hand] .
- [ARG1 `` I always knew that the ` Big One ' was coming , but not during my lifetime , ''] [ARG0 she] [rel says] *T*-1 .
- [ARGM-TMP Now] [ARG0 she] [rel says] [ARG1 0 she 's thinking of *-1 contacting her own insurance agent] .
- [ARG1 `` We worry about her out there , ''] [ARG0 Cynthia] [rel says] *T*-1 .
- [ARG0 The Federal Communications Commission] allowed American Telephone & Telegraph Co. to continue *-1 offering discount phone services for large-business customers and [rel said] [ARG1 0 it would soon re-examine its regulation of the long-distance market] .
- [ARG0 The agency] [rel said] [ARG1 that because MCI 's offer had expired AT&T could n't continue *-1 to offer its discount plan] .
- [ARGM-DIS Indeed] , [ARG0 Joe Nacchio , AT&T 's vice president for business-communications services ,] [rel said] [ARG1 0 AT&T offered a similar Tariff 15 discount to Resort Condominium International , of Indianapolis , *-1 to meet another MCI bid] .
- [ARG1 The FCC `` did n't say 0 I could n't do it again , ''] [ARG0 he] [rel said] *T*-1 .
- [ARG0 The FCC] `` did [ARGM-NEG n't] [rel say] [ARG1 0 I could n't do it again] , '' he said *T*-1 .
- [ARGM-ADV Apart from those two actions] , [ARG0 Mr. Sikes and the three other commissioners] [rel said] [ARG1 0 they expect *-2 to re-examine how AT&T is regulated *-1 *T*-3 *PPA*-4 since competition has increased] .
- [ARG0 Richard Firestone , chief of the FCC 's common-carrier bureau ,] [rel said] [ARG1 0 he expected the agency to propose new rules next year] .
- [ARG1 `` The time *ICH*-4 is long overdue 0 * to take a look at the fierce competition in the long-distance business and the rules governing it *T*-3 , ''] [ARG0 the New York telecommunications firm] [rel said] *T*-1 [ARGM-LOC in a statement] .
- [ARG0 United Telecommunications Inc. 's US Sprint unit] [rel said] [ARG1 0 it was `` obviously disappointed '' with the FCC decision on Tariff 12] .
- [ARG0 US Sprint] [rel said] [ARG1 was 0 it will petition the FCC decision in federal court] .
- [ARG1 `` We believe that the court will find it unlawful , ''] [rel said] *T*-1 [ARG0 a US Sprint spokesman] .
- [ARG1 `` MCI has made hawks out of the upper echelon of AT&T , ''] [rel said] *T*-2 [ARG0 PaineWebber 's Mr. Grubman , who *T*-1 said 0 he expected AT&T to become increasingly aggressive in * dealing with its longtime nemesis] .
- `` MCI has made hawks out of the upper echelon of AT&T , '' said *T*-2 [ARG0 PaineWebber 's Mr. Grubman] , who *T*-1 [rel said] [ARG1 0 he expected AT&T to become increasingly aggressive in * dealing with its longtime nemesis] .
- [ARG1 `` It means that Sikes is serious about the deregulation of long distance , ''] [rel said] *T*-2 [ARG0 Jack Grubman , a telecommunications analyst at PaineWebber Inc. , who *T*-1 attended the FCC meeting] .
- [ARG1 Mutual fund groups have n't lost control of much of the outgoing money] , [rel says] 0 *T*-1 [ARG0 Louis Harvey , Dalbar 's president] .
- [ARG0 Mutual fund officials] [rel say] [ARG1 that investors have transferred most of it into their money market accounts , and to a lesser extent , government-bond funds] .
- [ARG1 About 98 % of the outflow] was transferred *-1 to other Fidelity funds , [rel says] 0 *T*-2 [ARG0 Neal Litvack , a Fidelity vice president , marketing] , with most going into money market funds .
- [ARG1 `` You get a news item , it hits , you have strong redemptions that day and for two days following -- then go back to normal , ''] [rel says] *T*-1 [ARG0 Mr. Litvack] .
- [ARG1 The fund , with a cash cushion of more than 10 % , has `` met all the redemptions without * having *-1 to sell one thing , ''] [ARG0 Mr. Litvack] [rel says] *T*-2 .
- [ARG1 In the past two months the nation 's 88 junk funds have lost a total of about $ 6 billion *U* -- more than 15 % of assets -- through sales or transfers of junk-fund shares] , [ARG0 Dalbar] [rel says] 0 *T*-1 .
- [ARG1 Still , two-thirds of the outflow has been steered *-1 into other Vanguard portfolios] , [rel says] 0 *T*-2 [ARG0 Brian Mattes , a vice president] .
- [ARG1 `` The last two months have been the whole ball game , ''] [rel says] *T*-1 [ARG0 Steven Norwitz , a vice president] .
- [ARG1 Fidelity 's junk fund has fallen 2.08 % this year through Oct. 19] , [ARG0 Lipper] [rel says] 0 *T*-1 ; the Vanguard fund rose 1.84 % ; and the T. Rowe Price fund edged up 0.66 % .
- [ARG1 People who *T*-1 remain in junk funds now could get hit *-3 again] , [ARG0 some analysts and fund specialists] [rel say] 0 *T*-2 .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Michael Hirsch , chief investment officer of Republic National Bank and manager of the FundTrust Group in New York] : `` It 's a time bomb just waiting * to go off .
- [ARG0 Some fund managers] [rel say] [ARG1 0 negative publicity has exacerbated investors ' concern about recent declines in junk-bond prices] .
- `` [ARG0 People] have been seeing headline after headline after headline and [rel saying] : [ARG1 ` I ca n't take it anymore -- I 'm getting out ,] ' '' says *T*-1 Kurt Brouwer of Brouwer & Janachowski , a San Francisco investment adviser .
- [ARG1 `` People have been seeing headline after headline after headline and saying : ` I ca n't take it anymore -- I 'm getting out , ' ''] [rel says] *T*-1 [ARG0 Kurt Brouwer of Brouwer & Janachowski , a San Francisco investment adviser] .
- [ARG0 Few analysts] had [ARG1 much good] 0 * to [rel say] *T*-1 about [ARG3-about the pound 's near-term prospects] , despite the fact that most do n't anticipate a shift in Mrs. Thatcher 's economic policies .
- [ARGM-DIS Indeed] , [ARGM-TMP only hours earlier] , [ARG0 Mrs. Thatcher] had called Mr. Lawson 's economic policies `` sound '' and [rel said] [ARG1 0 she has `` always supported '' him] .
- [ARG1 `` There was a general feeling that we 'd seen the worst , ''] [rel said] *T*-1 [ARG0 Patrick Foley , deputy chief economic adviser for Lloyds Bank in London] .
- [ARG1 Everyone was extremely long on sterling , ''] [ARG0 Mr. Beale] [rel said] *T*-1 .
- [ARG1 `` Vandenberg and Rayburn are heroes of mine , ''] [ARG0 Mr. Boren] [rel says] *T*-2 , [ARGM-ADV *-3 referring as well to Sam Rayburn , the Democratic House speaker who *T*-1 cooperated with President Eisenhower] .
- [ARG0 Maine Republican William Cohen] [rel said] [ARG1 0 the plan might violate the assassination ban] .
- [ARG1 `` In the aftermath of Vietnam , in the aftermath of Iran-Contra , I can understand 0 some people might think that if they plan a coup , they have *-1 to bring their lawyers , ''] [ARG0 he] [rel says] *T*-2 .
- [ARGM-ADV *-1 Writing in the Harvard International Review] , [ARG0 he] [rel says] [ARG1 that his committee approves covert operations only when there 's a `` consensus *T*-2] . ''
- `` [ARG0 I] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 0 it 's quite a veto] , '' Mr. Boren demurs *T*-1 .
- [ARG1 `` I agree , it 's ridiculous , ''] [rel says] *T*-2 [ARG0 Mr. Boren] , and indeed by now ridiculous may be the only way 0 * to describe how the U.S. decides *-4 to take *RNR*-1 -- or rather , *-4 not to take *RNR*-1 -- covert action *T*-5 *T*-3 .
- He points to [ARG0 a letter on his desk , his second in a week from President Bush ,] [rel saying] [ARG1 that they `` do n't disagree] . ''
- [ARG1 `` Maybe this will jolt us out of the post-Vietnam syndrome that we never are prepared *-1 to use force , ''] [ARG0 he] [rel says] *T*-2 .
- [ARG1 Moreover , state-owned Finnish companies lacking formal state guarantees could face greater difficulty * raising funds in international financial markets] , [ARG0 bankers] [rel say] 0 *T*-2 .
- [ARG0 People familiar with Monday 's board meeting] [rel said] [ARG1 0 it was the state 's refusal * to explicitly reaffirm the credit guarantees that *T*-1 led Union Bank and Postipankki to halt lending to Waertsilae Marine] .
- [ARG0 Analysts] [rel say] [ARG1 0 Mr. Suominen had grown increasingly worried about the state 's potential financial exposure as Waertsilae Marine 's losses ballooned to more than double the figure estimated * in August] .
- [ARG1 The talks may drag on for weeks before any concrete result is announced *-1] , [ARG0 people familiar with them] [rel said] 0 *T*-2 .
- [ARG1 Indeed , the potential losses make any rescue scheme unlikely unless the politicians once again change tack and agree *-1 to pick up the bill] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARG0 Miami-based Carnival] [rel said] [ARG1 0 the first of the three ships is scheduled *-2 to be delivered *-1 next month , just in time for the winter tourist season in the Caribbean] .
- [ARG0 One analyst] [rel said] [ARG1 0 the first ship probably will be delivered *-1 close to schedule , but that Carnival may have *-2 to pay up to 25 % more *-3 to get the second and third ships] .
- [ARG0 One analyst] [rel said] [ARG1 0 the first ship probably will be delivered *-1 close to schedule , but that Carnival may have *-2 to pay up to 25 % more *-3 to get the second and third ships] .
- [ARG0 Turner Broadcasting System Inc.] [rel said] [ARG1 0 it expects *-1 to report an extraordinary loss of about $ 122 million *U* in the fourth quarter due to early retirement of debt] .
- [ARG0 The cable programmer] [rel said] [ARG1 0 the loss will consist primarily of prepayment penalties , and unamortized issue discount and costs related to its just-completed $ 1.6 billion *U* refinancing of its long-term debt and some preferred stock in one of its subsidiaries] .
- [ARG0 A Turner spokesman] would n't speculate on the extent of the charge 's effect on the quarter 's earnings , but [rel said] [ARG1 0 the company continues *-1 to expect *-2 to report a net loss for 1989] .
- [ARG0 The company] [rel said] [ARG1 0 the repayment or redemption of the long-term debt , and the outstanding Class A cumulative exchangeable preferred stock of Cable News Network , was made *-1 possible by an offering of about $ 750 million *U* of debentures and notes and $ 900 million *U* in bank borrowings] .
- [ARGM-CAU As a result of the refinancing] , [ARG0 the company] [rel said] [ARG1 0 the interest on the debt will fall to slightly more than 11 % from slightly more than 14 %] .
- [ARG0 General Motors Corp.] [rel said] [ARG1 0 it will temporarily idle its Arlington , Texas , assembly plant for one week beginning Monday because of slow sales] .
- [ARGM-ADV In addition] , [ARG0 GM 's Truck & Bus Group] [rel said] [ARG1 0 slow sales are forcing it to close its Detroit assembly plant the week beginning Monday] .
- [ARG1 `` The last thing 0 markets like *T*-2 is uncertainty , ''] [rel said] *T*-3 [ARG3 *ICH*-1] [ARG0 Ian Harwood , chief economist at S.G. Warburg & Co. ,] of the resignations of Chancellor of the Exchequer Nigel Lawson and chief economic adviser Sir Alan Walters .
- [ARG1 `` We are expecting a recession , ''] [rel says] *T*-1 [ARG0 Donald Franklin , chief economist at Schroders investment bank] .
- [ARG0 London-based LIT Holdings , the largest financer of traders in the Chicago options and futures markets ,] [rel said] [ARGM-TMP yesterday] [ARG1 0 it will incur a second-half loss as a result of the market plunge] .
- [ARG0 Christopher Castleman , LIT chief executive ,] [rel said] [ARGM-LOC in an interview] [ARG1 that the loss stemmed from the default of three options traders who *T*-1 had bet on a price rise in UAL Corp. shares before Oct. 13] .
- [ARG1 `` A lot more of our customers are staying until our 10 p.m. closing time , ''] [rel says] *T*-2 [ARG0 Christopher Brown , managing director of Corney & Barrow Restaurants Ltd. , which *T*-1 runs five tony wine bars in the district] .
- [ARG1 `` People come to us *-1 saying 0 they 'd like *-2 to be back where they were *T*-3 a few years ago , in a more collegial atmosphere , with less tension , ''] [rel says] *T*-4 [ARG0 Stephen Waterhouse , managing director of Hanover Partners Ltd. , a financial district head-hunting firm] .
- `` [ARG0 People] come to us *-1 [rel saying] [ARG1 0 they 'd like *-2 to be back where they were *T*-3 a few years ago , in a more collegial atmosphere , with less tension] , '' says *T*-4 Stephen Waterhouse , managing director of Hanover Partners Ltd. , a financial district head-hunting firm .
- [ARG1 `` I can see cuts of at least 20 % more , ''] [rel says] *T*-1 [ARG0 the head of the London office of a major U.S. firm] .
- [ARGM-DIS But] [ARG0 investment bankers] [rel say] [ARG1 that stock market uncertainties in the U.S. may cause many European companies to mark time before *-1 bidding for American companies , in the hope that share prices will come down] .
- [ARG1 `` If prices in the States go down , industrial buyers in Europe have the opportunity of *-1 getting reasonable prices in the U.S. , ''] [rel says] *T*-2 [ARG0 Francois von Hurter , chief of Continential M&A at Credit Suisse First Boston Ltd] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Allen D. Wheat , head of trading at Bankers Trust Co.] : `` People are just plain scared . ''
- `` [ARG1 I 'm glad *-1 to be out] , '' [rel said] *T*-2 [ARG0 the 32-year-old Mr. Hartley] [ARGM-MNR in a phone interview] .
- [ARG0 Analysts] [rel said] [ARG1 0 the move could presage even harsher action by the banks] .
- [ARGM-TMP Yesterday] , [ARG0 Mr. Skase] [rel said] [ARG1 0 the company is `` solvent and with the continued support of its bankers is able *-1 to meet its financial commitments] . ''
- [ARG1 Therefore] , [ARG0 they] [rel said] 0 *T*-3 , the money can be taken *-1 from the lawyers even after they are paid *-2 .
- [ARGM-LOC In Newark] , [ARG0 U.S. Attorney Samuel A. Alito] [rel said] , [ARG1 `` I do n't think 0 there 's any legal reason 0 *T*-1 to limit forfeiture of attorney 's fees to drug cases] . ''
- [ARG0 Mr. Alito] [rel said] [ARG1 0 his office `` just responded to an attorney 's question about whether we would go after attorney 's fees , and that is different from * actually doing it , although we reserve that right] . ''
- [ARG1 Mr.] Antar , [ARG0 the SEC] [rel said] 0 *T*-1 , made more than $ 60 million *U* from the sale of his shares between 1985 and 1987 .
- [ARG1 `` The people who *T*-1 suffer in the short run are defendants , but the people who *T*-2 suffer in the long run are all of the people , because there wo n't be a vigorous private bar 0 *T*-4 to defend the Bill of Rights , ''] [rel says] *T*-5 [ARG0 Gerald Lefcourt , a criminal defense attorney who *T*-3 says 0 he has turned down a number of cases *-6 to avoid possible fee seizures] .
- `` The people who *T*-1 suffer in the short run are defendants , but the people who *T*-2 suffer in the long run are all of the people , because there wo n't be a vigorous private bar 0 *T*-4 to defend the Bill of Rights , '' says *T*-5 Gerald Lefcourt , [ARG0 a criminal defense attorney] who *T*-3 [rel says] [ARG1 0 he has turned down a number of cases *-6 to avoid possible fee seizures] .
- [ARG1 `` Caution should ... be the rule of the day , ''] [rel said] *T*-1 [ARG0 Mr. Leigh-Pemberton] [ARGM-LOC in a speech to the Association of Corporate Treasurers ' annual dinner] .
- `` It would be damaging to industry and to the financial sector in general , [ARG0 *] to [rel say] [ARG1 nothing of banks] , if prudence does not guide the financing of leveraged transactions . ''
- [ARG0 Bank of England officials] [rel said] [ARG1 0 the central bank had no comment on Mr. Lawson 's resignation] .
- [ARG1 However , in light of the risks involved * in such transactions , banks should satisfy themselves that they have the skills 0 * to participate in this market *T*-1 and clear policy guidelines on acceptable levels of exposure to such transactions] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARGM-LOC In other comments] , [ARG0 he] [rel said] [ARG1 0 takeovers may not always be the most efficient way of * securing a change of corporate direction or strategy] .
- `` [ARG1 A similar result could sometimes be achieved , *-1 at less cost , by * changing managements] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 * To switch to another vendor 's chips , `` would definitely not be an option , ''] [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Computer experts familiar with the flaws , found * in Intel 's 80486 chip ,] [rel say] [ARG1 0 the defects do n't affect the average user and are likely *-2 to be cleared *-1 up before most computers using the chip as their `` brains '' appear on the market sometime next year] .
- [ARG0 Intel] [rel said] [ARG1 0 it had corrected the problems and would start *-1 producing bugless chips next week] .
- [ARG1 `` We should not be seeing any more , ''] [rel said] *T*-1 [ARG0 Bill Rash , Intel 's director for the 486 chip] .
- [ARG1 What *T*-1 's more , the bugs only emerge on esoteric applications such as computer-aided design and scientific calculations ,] [ARG0 he] [rel said] 0 *T*-2 , and then very seldom .
- [ARG1 `` These errata do not affect business programs , ''] [ARG0 he] [rel said] *T*-1 .
- [ARG1 The bugs will cause problems in `` specific and rare circumstances that *T*-1 will not occur in typical applications '' such as word-processing and spreadsheets ,] [rel said] 0 *T*-2 [ARG0 Michael Slater , editor of the Microprocessor Report , an industry newsletter] .
- [ARG0 Sun , Hewlett-Packard and others] [rel say] [ARG1 0 Intel is n't wholly * to blame *?* for the snafu] .
- [ARG1 The real culprits] , [ARG0 they] [rel said] 0 *T*-2 , are computer makers such as IBM that *T*-1 have jumped the gun *-3 to unveil 486-based products .
- [ARG1 `` The reason 0 this is getting so much visibility *T*-1 is that some started shipping and announced early availability , ''] [rel said] *T*-2 [ARG0 Hewlett-Packard 's Mr. Archuleta] .
- [ARG0 Intel] [rel said] [ARG1 that last week a customer discovered two flaws in its 80486 microprocessor chip 's `` floating-point unit '' , a set of circuits that *T*-1 do certain calculations] .
- [ARG0 An IBM spokeswoman] [rel said] [ARG1 0 the company told customers Monday about the bugs and temporarily stopped *-1 shipping the product] .
- [ARG1 IBM] has no plans * to recall its add-on cards , [ARG0 the spokeswoman] [rel said] 0 *T*-1 , and could probably circumvent the bugs without long product delays .
- [ARG1 `` We do n't look at this as a major problem for us , ''] [ARG0 she] [rel said] *T*-1 .
- [ARG0 Compaq] , which *T*-1 [rel said] [ARG1 0 it discovered the bugs] , still plans *-2 to announce new 486 products on Nov. 6 .
- [ARGM-CAU Because of the glitch] , [ARGM-DIS however] , [ARG0 the company] [rel said] [ARG1 0 it does n't know when its machine will be commercially available *T*-1] .
- [ARG1 The problem] is being ballyhooed *-1 , [ARG0 experts] [rel say] 0 *T*-2 , because the 486 is Intel 's future flagship .
- [ARG1 `` Although these sorts of bugs are not at all uncommon , the 486 is an extremely high-profile product , ''] [rel said] *T*-1 [ARG0 Mr. Slater , the newsletter editor] .
- But while [ARG0 International Business Machines Corp. and Compaq Computer Corp.] [rel say] [ARG1 0 the bugs will delay products] , most big computer makers said 0 the flaws do n't affect them .
- [ARGM-DIS But] [ARGM-ADV while International Business Machines Corp. and Compaq Computer Corp. say 0 the bugs will delay products] , [ARG0 most big computer makers] [rel said] [ARG1 0 the flaws do n't affect them] .
- [ARG1 `` The 486 is going *-1 to have a big impact on the industry , ''] [rel said] *T*-2 [ARG0 Hewlett-Packard 's Mr. Archuleta] .
- [ARG1 `` Bugs like this are just a normal part of product development , ''] [rel said] *T*-1 [ARG0 Richard Archuleta , director of Hewlett-Packard Co. 's advanced systems development] .
- [ARG1 `` These bugs do n't affect our schedule at all , ''] [ARG0 he] [rel said] *T*-1 .
- [ARGM-DIS Likewise] , [ARG0 AST Research Inc. and Sun Microsystems Inc.] [rel said] [ARG1 0 the bugs wo n't delay their development of 486-based machines] .
- [ARG1 `` We have n't modified our schedules in any way , ''] [rel said] *T*-1 [ARG0 a Sun spokesman] .
- [ARG0 Bethlehem] [rel said] [ARGM-TMP earlier this year] [ARG1 that it planned *-1 to restructure the BethForge division *-2 to improve its cost structure] .
- [ARG1 `` We think 0 it 's a step in the right direction for Bethlehem , ''] [rel said] *T*-1 [ARG0 Felix Bello , WEFA Group 's international steel analyst] .
- [ARG0 He] [rel said] [ARG1 0 the move could be the beginning of a broader relationship between the two companies , one that *T*-1 could open up new markets for Bethlehem] .
- [ARG0 Exxon Corp.] [rel said] [ARG1 0 it will move its headquarters from Manhattan to Dallas] .
- [ARG1 `` When we were told *-1 0 it was Exxon *T*-2 , it was beyond all expectations ; what a coup , ''] [rel said] *T*-3 [ARG0 Tom Lewis , senior vice president of Dallas Partnership , the economic development affiliate of the city 's Chamber of Commerce] .
- [ARG0 Exxon] [rel said] [ARG1 0 it will build a new headquarters on a 132-acre tract in the 10-year-old Las Colinas complex in the suburb of Irving] .
- [ARG0 Exxon officials] [rel said] [ARG1 0 it *EXP*-2 will cost less *ICH*-3 * to run its headquarters at Las Colinas than in New York] .
- The company wo n't say how much it will save *T*-1 , but [ARG1 during] at its interim location , [ARG0 sources] [rel say] 0 it will likely pay rent of $ 10 to $ 15 *U* per square foot *T*-2 .
- [ARG0 The company] [ARGM-MOD wo] [ARGM-NEG n't] [rel say] [ARG1 how much it will save *T*-1] , but during at its interim location , sources say 0 it will likely pay rent of $ 10 to $ 15 *U* per square foot *T*-2 .
- [ARG0 Owners of the building in New York] [rel say] [ARG1 0 they will be asking $ 50 *U* per square foot for rent *-2 to fill the space that Exxon is vacating *T*-1] .
- [ARG1 In Texas , taxes and development costs are also lower] , [ARG0 they] [rel said] 0 *T*-1 .
- [ARG1 Plus] , [ARG0 one Exxon official] [rel said] 0 *T*-1 , by * eliminating the typically long New York commutes between office and home , management will expect employees to work 40 hours a week in Dallas , rather than a 35-hour work week in New York .
- [ARG1 `` We are dismayed , but there 's nothing 0 we can do *T*-1 about it now , ''] [rel said] *T*-2 [ARG0 Stanley Grayson , New York City deputy mayor for finance and economic development] .
- [ARG0 The Canadian Pulp and Paper Association , an industry group ,] [rel said] [ARG1 0 Canadian mills produced 532,000 metric tons of market pulp in September , compared with 527,000 metric tons a year earlier] .
- [ARG0 Treasury Secretary Nicholas Brady] [rel said] [ARG1 that Congress should grant the Securities and Exchange Commission the power * to close the stock markets in periods of crisis] .
- [ARG0 Mr. Brady] [ARGM-DIS also] [rel said] [ARG1 0 he expects the leveraged buy-out phenomenon to `` end under -LRB- its -RRB- own weight] . ''
- [ARG0 Mr. Brady] [ARGM-DIS also] agreed with senators ' concerns about recent stock-market volatility , and [rel said] [ARG1 0 he realizes that the gyrations are scaring investors from *-1 investing in stocks] .
- [ARG1 `` I do not have a view of whether we should do anything about program trading at this time , ''] [ARG0 he] [rel said] *T*-1 .
- [ARGM-MNR Separately] , [ARG0 Mr. Brady] [rel said] [ARG1 0 he asked the Working Group on Financial Markets *-1 to determine whether futures margins are too low] .
- [ARG1 `` This raises questions whether futures and equity margin requirements are consistent at these levels and whether futures margins are adequate , ''] [ARG0 Mr. Brady] [rel said] *T*-1 .
- [ARG1 Initial claims for state unemployment benefits fell to a seasonally adjusted 332,000 for the week ended * Oct. 14 from 396,000 the previous week] , [ARG0 the Labor Department] [rel said] 0 *T*-1 .
- `` [ARG1 I am the hope and the dream , the redemption of cowards] , '' [ARG0 he] [rel says] *T*-1 [ARGM-LOC in one of many interior monologues] .
- `` [ARG0 One man] [rel said] [ARG1 0 you act as a stimulant , '' a prostitute tells him *T*-1 , `` a diversion * to relieve people 's boredom] . ''
- [ARG1 Art] , [rel says] 0 *T*-1 [ARG0 the playwright] [ARGM-LOC in `` Wedding Song , ''] is `` the surrogate for the action that an idealist like me is unable *-3 to take *T*-2 . ''
- `` Wedding Song '' gives glimpses of a Cairo that *T*-1 has become so much harsher since his youth , when , as [ARG0 he] [ARGM-TMP once] [rel said] [ARG1 *T*-2] , `` the poorest person was able *-3 to find his daily bread and without great difficulty *T*-4 . ''
- [ARG0 Norwood Partners Limited Partnership of Boston] [rel said] [ARG1 0 it may make a tender offer for some or all of Phoenix Technologies Ltd. 's common shares] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Norwood] [rel said] [ARG1 0 it 's part of a group that *T*-1 holds 525,546 Phoenix Technologies common shares , or a 5.3 % stake] .
- [ARG1 Norwood has made `` no detailed plans , '' but it has engaged in talks with other shareholders] , [ARG0 the filing] [rel said] 0 *T*-1 .
- [ARG0 Weirton Steel Corp.] [rel said] [ARG1 0 it reached a tentative agreement on a 48-month labor contract with the Independent Steelworkers Union covering production and maintenance employees] .
- When you do that *T*-2 you wipe out the criminal incentives , including , [ARG0 I] [ARGM-MOD might] [rel say] , [ARG1 the incentive *ICH*-3 that the drug pushers have *T*-1 * to go around and get kids addicted , so that they create a market for themselves] .
- [ARG0 I] find it *EXP*-2 very difficult * to [rel say] [ARG1 that] .
- [ARG0 No politician] wants *-2 to [rel say] [ARG1 what I just said *T*-1] , not for a minute .
- No politician wants *-2 to say [ARG1 what] [ARG0 I] [ARGM-ADV just] [rel said] *T*-1 , not for a minute .
- [ARG1 Much of the moderation came from declining energy prices , which *T*-1 have since turned up a bit] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARGM-DIS Consequently] , [ARG0 Michael Darby , undersecretary for economic affairs at the Commerce Department ,] [rel said] [ARG1 0 inflation probably will edge up from the third-quarter rate in the final three months of 1989] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 he believes 0 the second quarter 's 5 % rate `` will prove *-1 to have been this year 's peak quarterly inflation rate] . ''
- Treasury Secretary Nicholas Brady called the 2.5 % pace `` good , solid growth , '' although [ARG0 he] [rel said] [ARG1 0 he expects the expansion to slow in the fourth quarter] .
- `` [ARG1 We were unprepared for the deterioration in net exports] , '' [rel said] *T*-1 [ARG0 Daniel Van Dyke , vice president of U.S. forecasting at Bank of America in San Francisco] .
- `` [ARG1 That suggests 0 there is a little more inventory overhang than some people expected *?*] , '' [rel said] *T*-1 [ARG0 Edward Boss , senior financial economist at Continental Bank in Chicago] .
- [ARG1 Devastation from Hurricane Hugo , which *T*-1 slammed into the Southeast coast in late September , diminished personal income by about $ 4 billion *U*] , [ARG0 the department] [rel said] 0 *T*-2 , but it called the effect on the roughly $ 5 trillion *U* economy `` negligible . ''
- [ARG1 You ca n't rely now solely on consumer spending *-2 to sustain the economy on a solid growth path] , '' [rel said] *T*-1 [ARG0 Norman Robertson , chief economist at Mellon Bank in Pittsburgh] .
- [ARG0 General Motors Corp. 's Chevrolet division] [rel said] [ARG1 0 it is offering $ 750 *U* cash incentives on all 1990 models of its full-size Blazer and Suburban truck lines] .
- [ARG0 Gary Lukassen , chief financial officer ,] [rel said] [ARG1 0 redemption of the preferred shares , originally issued * at C$ 25 *U* each , will eliminate dividend payments of C$ 17.9 million *U* annually] .
- [ARG1 Proceeds of the offering will be used *-1 *-2 to redeem C$ 264 million *U* of preferred shares and *-2 to reduce short-term debt] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG0 Canada 's largest department store operator] [rel said] [ARG1 0 the rights offering will entitle holders of its ordinary shares , except residents in the U.S. and Britain , to subscribe for two additional shares for every five shares held * at a price of C$ 31.25 *U* a share] .
- [ARG0 Hudson 's Bay] [rel said] [ARG1 that Woodbridge Co. , which *T*-2 currently holds about 77 % of the ordinary shares , will subscribe for all the shares to which it is entitled *-1 *T*-4 and for any shares that *T*-3 are n't otherwise taken up *-5] .
- [ARG0 Hudson 's Bay] [rel said] [ARG1 0 it will redeem 9.5 million Series H preferred shares on Oct. 31 at a price of C$ 27.75 *U* each] .
- [ARGM-ADV While the SDI anti-missile program recently awarded W.J. Schafer two contracts totaling $ 13.4 million *U*] , [ARG0 ERC 's chairman and founder , Jack Aalseth ,] [rel says] [ARG1 0 he bought the company `` more for its technology than its customer] . ''
- [ARG0 Donald Iverson , chairman ,] [rel says] [ARG1 0 he hopes 0 the company can eventually get up to half of its revenue from commercial markets] .
- [ARG0 Mr. Iverson] [rel says] [ARG1 0 there are 5,000 potential customers for the software in the Washington , D.C. , area alone] .
- `` [ARG1 We 're trying *-1 to take the imagination and talent of our engineers and come up with new processes for industry] , '' [rel says] *T*-2 [ARG0 Vincent Salvatori , QuesTech 's chief executive] .
- `` [ARG1 It was our first acquisition] , '' [ARG0 he] [rel says] *T*-1 , `` and it was a mistake . ''
- [ARG1 Telos responded by *-1 combining three of its five divisions *-2 to reduce expenses and `` bring more focus to potentially fewer bidding opportunities] , '' [rel says] *T*-3 [ARG0 Lin Conger , Telos chairman and controlling shareholder] .
- `` [ARG1 It *EXP*-1 's evident 0 we 're entering a more competitive era] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 Our ordnance business has been hurt *-1 very badly by the slowdown] , '' [rel says] *T*-2 [ARG0 Arch Scurlock , TransTechnology 's chairman] .
- `` [ARG0 I] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 0 we 're out of the business] .
- [ARG1 But the interest rates 0 they charge *T*-1 are often near Japan 's 54.75 % legal limit] , [rel says] *T*-2 [ARG0 Kenji Utsunomiya , a lawyer specializing in loan troubles] .
- [ARG1 Aichi] is a machikin , [ARG0 Mr. Utsunomiya] [rel says] 0 *T*-1 , and `` one of the nasty ones . ''
- [ARGM-LOC In *-2 describing that business in general] , [ARG0 he] [rel says] [ARG1 that when the client ca n't repay the loan *T*-1 , some machikin `` clutch on like hyenas '' and even take over the client 's company] .
- `` [ARG1 We 're an investor] , '' [ARG0 Mr. Morishita] [rel says] *T*-2 , [ARGM-ADV *-1 sitting back in his purple gallery filled * with some 20 Monets and Renoirs] .
- [ARG0 He] [rel says] [ARG1 0 he spent $ 300 million *U* on his art business this year] .
- `` [ARG1 He makes snap judgments] , '' [rel says] *T*-1 [ARG0 Kiyotaka Kori , the art gallery 's manager and Mr. Morishita 's secretary for more than seven years] .
- The Tokyo Regional Taxation Office declines *-1 to comment , and [ARG0 Mr. Kori , the tycoon 's secretary ,] [rel says] [ARG1 0 the problem simply resulted from a difference of opinion over what *T*-2 was considered *-3 income] .
- [ARG0 He] [rel says] [ARG1 0 he has never even dined with gangsters] .
- [ARG1 He] spends most weekends *-1 flying his helicopter to one of his nine courses , [ARG0 he] [rel says] 0 *T*-4 , two of which *T*-2 were designed *-3 by Jack Nicklaus .
- Although [ARG0 he] [rel says] [ARG1 0 he was n't keen on *-2 going] , last year he attended a New York gala where his daughter made her debut *T*-1 .
- Although [ARG0 Mr. Morishita] [rel says] [ARG1 little about his business] , he offers one rule to success : * Never gamble too far .
- `` [ARG1 I quit after one try , whether I win or lose] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Mr. Morishita] [rel says] [ARG1 0 he intends *-1 to expand his business to many other areas at home and abroad] .
- `` [ARG1 Who *T*-1 knows] , '' [ARG0 he] [rel says] *T*-2 , `` if he heard that soybeans make money today , he might be flying out to Chicago tomorrow .
- [ARG0 Christies] [rel says] [ARG1 0 it has had no contact with Mr. Morishita since the stock purchase , but that it 's happy *-1 to deal with him] .
- [ARG0 Christies] [rel says] [ARG1 0 it has had no contact with Mr. Morishita since the stock purchase , but that it 's happy *-1 to deal with him] .
- `` [ARG1 We like *-1 to make our own judgments '' about Mr. Morishita] , [rel says] 0 *T*-2 [ARG0 Christopher Davidge , Christies ' group managing director] .
- [ARGM-LOC In yesterday 's report] , [ARG0 First Interstate] [rel said] [ARG1 0 its bank in Texas also reported a loss of $ 23.5 million *U* for the quarter] .
- [ARGM-DIS But] [ARG0 it] [rel said] [ARG1 that its consumer banks in Oregon , California , Nevada and Washington performed well during the quarter and that nonperforming assets at these banks declined by 14 % over the year-ago period] .
- [ARGM-DIS But] [ARG0 it] [rel said] [ARG1 that its consumer banks in Oregon , California , Nevada and Washington performed well during the quarter and that nonperforming assets at these banks declined by 14 % over the year-ago period] .
- [ARG0 The Labor Department] [rel said] [ARG1 0 wage increases in manufacturing industries continue *-1 to be smaller than those in other industries] .
- [ARG0 The Labor Department] [rel said] [ARG1 0 wage settlements in the third quarter called for average annual wage increases of 3.6 % in the first year and 3.0 % over the life of the contracts] .
- [ARG1 If this pattern continues] , [ARG0 the Labor Department] [rel said] 0 *T*-3 , 1989 will be the first year that the measure has shown an increase *T*-1 since 1981 when the department started *-2 comparing expiring contracts with those that *T*-5 replaced them *T*-4 .
- [ARG1 Settlements reached * in the first nine months of 1989 called for wage increases averaging 3.7 % in the first contract year and 3.1 % annually over the life of the contracts] , [ARG0 the department] [rel said] 0 *T*-1 .
- [ARG1 But while better-off Filipinos are quick *-1 to cite the logic in * using a language as widespread as English , they are often slow *-2 to reveal that they are prejudiced against Filipino] , [rel say] 0 *T*-3 [ARG0 advocates of the native language] .
- `` [ARG1 For the middle and upper-middle class -LCB- Filipino -RCB- is declasse] , '' [rel says] *T*-1 [ARG0 Bien Lumbera , a Philippine-studies professor at Quezon City 's University of the Philippines] .
- `` [ARG1 It 's not as if we 're teaching language per se] , '' [ARG0 he] [rel says] *T*-1 , `` We 're just using it . ''
- `` [ARG1 It impresses on ordinary , young Filipinos that there 's nothing 0 * to feel inferior about *T*-1 in * using their own language] , '' [rel says] *T*-2 [ARG0 Randy David , a sociologist and host of a popular television talk show] .
- `` [ARG1 When we started the program six years ago *T*-1 , the use of Filipino was deemed *-2 unwise by the predominantly middle class] , '' [rel says] *T*-3 [ARG0 Lydia Brown , the program 's creator] .
- [ARG1 Now] , [ARG0 she] [rel says] 0 *T*-1 , `` it 's no longer an issue . ''
- [ARG0 CMS ENERGY Corp.] [rel said] [ARG1 0 management would recommend to its board today that its common stock dividend be reinstated *-1 at a `` modest level '' later this year] .
- [ARG0 HEALTHDYNE Inc. , Atlanta ,] [rel said] [ARG1 0 its subsidiary , Home Nutritional Services Inc. , registered with the Securities and Exchange Commission an initial public offering of four million shares of common] .
- [ARG0 The in-home health care services provider] [rel said] [ARG1 0 it will sell 1.8 million of the new shares , while Home Nutritional Services will sell the remaining 2.2 million] .
- [ARG0 The company] [rel said] [ARG1 0 it expects *-1 to use the proceeds *-2 to repay certain bank debt and for general corporate purposes , including * establishing new operating centers and possible acquisitions] .
- [ARG0 Black & Decker Corp.] [rel said] [ARG1 0 it agreed *-1 to sell its Bostik chemical adhesives unit to Orkem S.A. , a French chemical company , for $ 345 million *U*] .
- [ARGM-DIS In addition] , [ARG0 Black & Decker] had [rel said] [ARG1 0 it would sell two other undisclosed Emhart operations if it received the right price] .
- `` [ARG1 Our divestiture program is on schedule , and we remain confident that we will achieve our stated goal of over $ 1 billion *U* in net proceeds] , '' [rel said] *T*-1 [ARG0 Nolan D. Archibald , Black & Decker 's president and chief executive officer ,] [ARGM-LOC in a statement] .
- [ARG0 Black & Decker] [rel said] [ARG1 0 it plans *-1 to put other Emhart units on the block in the future , with the goal of * raising $ 1 billion *U* in net proceeds] .
- [ARG0 Company officials] have [rel said] [ARG1 0 they plan *-1 to reduce that ratio to less than 50 % over the next 2 1\/2 years] .
- [ARG1 Mr. Grobstein 's appointment formalizes a role 0 he has been performing *T*-1 since the merger] , [ARG0 a spokeswoman] [rel said] 0 *T*-2 .
- [ARG0 Cie. de Navigation Mixte Chairman Marc Fournier] [rel said] [ARG1 0 his board unanimously rejected as too low the $ 1.77 billion *U* bid *ICH*-1 by Cie. Financiere de Paribas * to bring its stake in Navigation Mixte to 66.7 %] .
- `` [ARG1 Without some unexpected `` coup de theatre '' , I do n't see what *T*-1 will block the Paribas bid] , '' [rel said] *T*-2 [ARG0 Philippe de Cholet , analyst at the brokerage Cholet-Dupont & Cie] .
- [ARG0 Mr. de Cholet] [rel said] [ARG1 0 Mr. Fournier 's biggest hope was * to somehow persuade regulatory authorities *-2 to block the bid] .
- Paribas still needs the go-ahead from the Commission des Operations de Bourse , a government regulatory agency , but [ARG0 analysts] [rel said] [ARG1 0 that is considered *-1 likely] .
- [ARG0 Mr. Fournier] [ARGM-DIS also] noted that Navigation Mixte joined Paribas 's core of shareholders when Paribas was denationalized *-1 in 1987 *T*-2 , and [rel said] [ARG1 0 it now holds just under 5 % of Paribas 's shares] .
- Mr. Fournier said 0 the large institutions that *T*-1 hold nearly 50 % of Navigation Mixte 's capital all strongly support him , but [ARG0 some analysts] [rel said] [ARG1 0 they are n't so sure] .
- [ARG0 Mr. Fournier] [rel said] [ARG1 0 the large institutions that *T*-1 hold nearly 50 % of Navigation Mixte 's capital all strongly support him] , but some analysts said 0 they are n't so sure .
- [ARG0 Allianz] , [ARGM-DIS for example] , has [rel said] [ARGM-LOC in official comments] [ARGM-TMP so far] [ARG1 that it will remain neutral] .
- [ARG0 The chairman] [rel said] [ARG1 0 his board members , including representatives of West German insurance giant Allianz AG and French banks Credit Lyonnais and Societe Generale , hold nearly 50 % of Navigation Mixte 's capital] .
- [ARG0 Paribas] [rel said] [ARGM-TMP Monday] [ARG1 that it intends *-1 to bid *-2 to boost its stake in Navigation Mixte to 66.7 % , from the 18.7 % 0 it already owns *T*-3] .
- [ARG0 Paribas] [rel says] [ARG1 0 it will offer 1,850 francs -LRB- $ 296.95 *U* -RRB- each for Navigation Mixte shares that *T*-1 enjoy full dividend rights , and 1,800 francs each for a block of shares issued * July 1 , which *T*-4 will receive only partial dividends this year] .
- [ARG0 Mr. Fournier] [rel said] [ARG1 that as Navigation Mixte chairman , he is prohibited *-1 by takeover regulations from *-2 organizing his own defense or doing anything besides * managing current company business] .
- [ARGM-DIS But] [ARG0 sources] [rel said] [ARG1 0 he will be urging his allies *-1 to boost their stakes in Navigation Mixte , which *T*-2 is being traded *-3 in London and is *-3 to resume *-4 trading in Paris Tuesday] .
- [ARG0 Mr. Fournier] [rel said] [ARG1 0 Navigation Mixte 's 1989 unconsolidated , or parent-company , profit is likely *-1 to be 4.7 billion francs -LRB- $ 754.4 million *U* -RRB- , up from 633.8 million francs last year] .
- [ARG0 Mr. Fournier] [rel said] [ARG1 0 the exceptional gain would mean nearly twice as high a dividend *ICH*-1 this year as last] .
- [ARG0 BLOCKBUSTER ENTERTAINMENT CORP.] [rel said] [ARG1 0 it raised $ 92 million *U* from an offering of liquid yield option notes] .
- [ARG1 The gross proceeds from the sale of the notes , which *T*-1 will be due on Nov. 1 , 2004 , will be used *-2 * to reduce existing debt and for general corporate purposes] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG1 Still , Kroger Co. , Pinnacle West Capital Corp. , CSX Corp. , Illinois Power Co. , Media General Inc. , Santa Fe Southern Pacific Corp. and Gulf States Utilities Co. , did n't pay any federal income tax last year although they garnered a total of $ 1.2 billion *U* in profits] , [ARG0 the group] [rel said] *T*-1 .
- [ARG1 But even though companies are paying more taxes , many are still paying less than the statutory rate] , [ARG0 the report] [rel said] 0 *T*-1 .
- `` [ARG1 While the overall picture is very encouraging , significant corporate tax avoidance continues] , '' [ARG0 the study] [rel said] *T*-1 .
- `` [ARG1 Tax reform is working] , '' [ARG0 the study] [rel said] *T*-1 .
- `` [ARG1 Every department store in Japan is taking a look] , '' [rel says] *T*-1 [ARG0 Mike Allen , a retail analyst at Barclay 's de Zoete Wedd Securities -LRB- Japan -RRB- Ltd] .
- [ARG0 Tokyu] , [ARGM-DIS however] , [rel said] [ARG1 0 no agreement had been reached *-1] .
- [ARG1 Seven Japanese department-store groups were approached *-1 by investment bankers representing Bloomingdale 's chairman , Marvin Traub , and more than half are seeking additional information on the group] , [ARG0 bankers] [rel say] 0 *T*-2 .
- [ARG1 What Mr. Traub is hoping *-1 to put *T*-2 together] , [ARG0 investment bankers] [rel say] *T*-4 , is a management-led group 0 *T*-3 to buy the New York department-store group that he heads *T*-5 from Campeau 's Federated Department Stores subsidiary .
- [ARG1 Ideally] , [ARG0 investment bankers] [rel say] 0 *T*-3 , he wants *-1 to get backing from a Japanese department store and a European department store 0 * to forge a global retailing network *T*-2 .
- `` [ARG1 When you look at the economics *T*-1 , Traub needs a Japanese *RNR*-2 and a European *RNR*-2 partner *-3 to make it work] , '' [rel says] *T*-5 [ARG0 one investment banker who *T*-4 follows the retail industry] .
- [ARG1 * Persuading tradition-bound Japanese retailers *-2 to get involved in the turmoils of the U.S. retailing industry is n't likely *-1 to be so easy] , [ARG0 analysts] [rel say] 0 *T*-3 .
- [ARG1 But * operating a U.S. department-store chain would be very difficult] , '' [rel says] *T*-1 [ARG0 Motoyuki Homma , managing director of the international division at Mitsukoshi Ltd. , one of Japan 's leading department stores] .
- [ARG0 Some industry observers] [rel say] [ARG1 that Mitsukoshi 's classy image makes it a possible match for Saks Fifth Avenue] .
- [ARG0 Company officials] [rel say] [ARG1 0 they are studying various proposals] but wo n't discuss details .
- `` [ARG1 We 'd like *-1 to do business in America] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Japanese retail executives] [rel say] [ARG1 the main reason 0 they are reluctant *-1 to jump into the fray in the U.S. *T*-2 is that -- unlike manufacturing -- retailing is extremely sensitive to local cultures and life styles] .
- [ARG0 It] [rel said] [ARG1 0 the regular 1988 deficit amounted to $ 43.5 million *U* , based on revenue of $ 74.4 million *U* and expenses of $ 117.9 million *U*] .
- [ARGM-DIS But] [ARG0 it] [rel said] [ARG1 0 extraordinary expenditures for its radio station and restoration of buildings increased the deficit to $ 57.2 million *U*] .
- [ARG0 A statement from the council of cardinals] [rel said] [ARG1 0 Catholics had responded generously to an appeal *ICH*-1 last year * to give more money after 1987 's record $ 63 million *U* deficit] .
- [ARG0 The statement] [rel said] [ARG1 a 5 % jump in the `` Peter 's Pence '' collection -- the annual offering from Catholics to the pope -- helped *-1 cover the deficit] .
- Council member Cardinal Gerald Carter of Toronto told Vatican Radio : `` Now that [ARG0 we] [rel say] [ARG1 0 we covered our deficit this year] , people are going *-1 to relax and say 0 well that 's fine , the Holy See is out of the hole .
- Council member Cardinal Gerald Carter of Toronto told Vatican Radio : `` [ARGM-TMP Now that we say 0 we covered our deficit this year] , [ARG0 people] are going *-1 to relax and [rel say] [ARG1 0 well that 's fine , the Holy See is out of the hole] .
- [ARG0 Mr. Nixon 's office] [rel said] [ARG1 0 the former president `` expects *-1 to have one-on-one discussions with the major Chinese leaders '' and will give his assessment of those leaders to President Bush upon his return] .
- [ARG0 The poll , conducted * for the Dutch daily De Telegraaf by Gallup International] [rel said] [ARG1 0 81 % of Dutch people supported NATO] .
- [ARG1 It should be considered *-1 against the law] , '' [rel said] [ARG0 Danny Leish , a spokesman for the association] .
- [ARG0 British postal authorities] [rel say] [ARG1 0 they have uncovered a large-scale scheme where unscrupulous stamp dealers chemically removed stamp cancellations , regummed the stamps and sold them to U.S. collectors or , in large lots , to British businesses *T*-1] .
- [ARG1 The company 's U.S. subsidiary , Matsushita Electric Corp. of America , had donated over $ 35,000 *U* worth of Matsushita-made flashlights and batteries to residents shortly after the disaster] , [ARG0 a company spokesman] [rel said] 0 *T*-1 .
- [ARGM-TMP After Sony Corp. 's recent headline-grabbing acquisition of Columbia Pictures] , [ARG0 many] [rel say] [ARG1 0 it *EXP*-1 makes good political sense * to lie low] .
- [ARG1 What *T*-3 's more] , [ARG0 a Hong Kong textile trader] [rel says] 0 *T*-4 , some Chinese exporters from state-run enterprises are protesting the crackdown by *-1 dragging their feet on *-2 soliciting new business .
- `` [ARG1 They are angry about the government ... so they hold back the goods] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Fair officials] [rel say] [ARG1 that 21,000 guests visited during the first five days , a 10 % drop from the spring exhibition] .
- [ARG0 British customs officers] [rel said] [ARG1 0 they 'd arrested eight men sneaking 111 rare snakes into Britain -- including one man who *T*-1 strapped a pair of boa constrictors under his armpits] .
- [ARG0 A customs official] [rel said] [ARG1 0 the arrests followed a `` Snake Day '' at Utrecht University in the Netherlands , an event used * by some collectors as an opportunity * to obtain rare snakes] .
- `` [ARG1 It 's a question of timing] , '' [rel says] *T*-1 [ARG0 Mayumi Takayama , managing director of international operations at Isetan Co. , a Tokyo department store] .
- [ARG0 Di Giorgio Corp.] [rel said] [ARG1 it 's continuing talks with potential buyers of certain units , but has reached no agreement on any deals] .
- [ARG0 Robert Mellor , Di Giorgio 's executive vice president ,] [rel said] [ARG1 0 the company stands *-1 to reap more money *ICH*-2 through the sale of individual units to others than by * accepting DIG 's offer] .
- Although [ARG0 the government] [rel said] [ARG1 0 the economy grew an estimated 2.5 % in the third quarter] , in line with expectations , analysts are increasingly predicting much more sluggish growth -- and therefore more corporate earnings disappointments -- for the fourth quarter .
- `` [ARG1 There are a lot more downward revisions of earnings forecasts than upward revisions] , '' [rel said] *T*-1 [ARG0 Abby Joseph Cohen , a market strategist at Drexel Burnham Lambert] .
- `` The only way 0 * to reduce the costs *T*-2 is [ARG0 *] to [rel say] [ARG1 0 we do n't want *-1 to pay the bill] , '' said *T*-4 Rep. Neal Smith -LRB- D. , Iowa -RRB- , who *T*-3 taunted President Bush 's party to back up his campaign promise of * supporting the claims of $ 20,000 *U* per individual .
- `` [ARG1 The only way 0 * to reduce the costs *T*-2 is * to say 0 we do n't want *-1 to pay the bill] , '' [rel said] *T*-4 [ARG0 Rep. Neal Smith -LRB- D. , Iowa -RRB- , who *T*-3 taunted President Bush 's party to back up his campaign promise of * supporting the claims of $ 20,000 *U* per individual] .
- `` [ARG1 * Read my lips] , '' [rel said] *T*-1 [ARG0 Mr. Smith] .
- The strongest sign of the Big Three 's woes came from [ARG0 Ford Motor Co.] , which *T*-1 [rel said] [ARG1 0 it had a loss in its U.S. automotive business for the first time since 1982] .
- [ARG1 GM probably had the `` heaviest incentives] , '' [rel said] 0 *T*-1 [ARG0 Robert S. Miller , Chrysler 's chief financial officer] .
- [ARGM-DIS Still] , [ARG0 Mr. McCammon] [rel said] [ARG1 0 Ford expects the U.S. economy to weaken through the end of 1990 , * causing weaker sales and production] .
- [ARG1 As a result , fourth-quarter profit will come in below 1988 results , although the drop wo n't be as sharp as the 44 % third-quarter decline] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Mr. Miller] [rel said] [ARG1 0 costs of incentives caused a `` moderate '' loss in the Highland Park , Mich. , company 's North American car and truck business] .
- [ARG0 He] [rel said] [ARG1 0 the loss was n't `` that much different '' from Ford 's $ 37 million *U* loss on U.S. automotive operations] , but he declined *-1 to be specific .
- [ARG0 Mr. Miller] [rel said] [ARG1 0 Chrysler spent an average of $ 1,000 *U* a vehicle on its incentive programs in the third quarter , compared with about $ 450 *U* a vehicle a year earlier -- a `` high-water mark '' at the time] .
- [ARG0 He] [rel said] [ARG1 0 Chrysler `` is no longer sure '' of its forecast for industry car and truck sales of 14.2 million in the 1990 model year] .
- [ARG1 Consumers] , [ARG0 he] [rel said] 0 *T*-1 , are balking at higher prices on 1990 cars , especially after *-2 seeing the incentive-reduced prices on 1989 models .
- [ARG1 An 8.5 % drop in North American factory sales of cars and trucks cut into revenue , and rebates to dealers and customers more than offset gains from price increases on 1990 model vehicles delivered * during the period] , [ARG0 a GM spokesman] [rel said] 0 *T*-1 .
- [ARGM-TMP Meanwhile] , [ARG0 GM] [rel said] [ARG1 0 overseas auto operations are on track 0 * to exceed last year 's record full-year net of $ 2.7 billion *U* *T*-1] .
- [ARG0 Senate Majority Leader George Mitchell -LRB- D. , Maine -RRB-] [rel said] [ARG1 0 he intends *-1 to use Senate procedures *-2 to force advocates of the tax cut to come up with at least 60 votes before they can address the issue] .
- `` [ARG1 This is serious business ; we 're serious about a capital-gains reduction] , '' [rel said] [ARG0 Kansas Sen. Robert Dole , the Senate 's Republican leader] .
- [ARG0 A White House spokesman] [rel said] [ARG1 0 President Bush is `` generally supportive '' of the Packwood plan] .
- `` [ARG1 The 60-vote requirement will be there and they do n't have the 60 votes] , '' [ARG0 Sen. Mitchell] [rel said] *T*-1 .
- `` [ARG1 I 'm not sure what *T*-1 's going *-2 to happen] , '' [ARG0 he] [rel said] *T*-3 .
- [ARGM-TMP Previously] [ARG0 he] had [rel said] [ARG1 0 he would be able *-1 to find the requisite 60 votes eventually] .
- [ARG0 Marsh & McLennan Cos.] [rel said] [ARG1 0 it agreed *-1 to acquire the rest of Gradmann & Holler , a leading West German insurance brokerage firm in which it has held a 15 % stake *T*-2 for 15 years] .
- [ARG1 The three managing general partners would receive a `` significant '' number of Marsh & McLennan shares] , [rel said] 0 *T*-2 [ARG0 Walther L. Kiep , a partner who *T*-1 would also join Marsh & McLennan 's board] .
- [ARG0 Mr. Kiep] [rel said] [ARG1 0 he sought the combination because `` all our large clients in Germany are becoming European companies or multinational companies and they expect an insurance broker '' to serve them as well *ICH*-1 in Paris as in Germany] .
- [ARG1 That 's why `` we have been working hard *-3 to develop a single , more unified presence in Europe *T*-1] , '' [rel said] 0 *T*-2 [ARG0 A.J.C. Smith , Marsh & McLennan 's president ,] [ARGM-LOC at a London news conference] [ARGM-TMP yesterday] .
- `` [ARG1 This is paying a big price * to maintain their virility as the world 's leading insurance broker] , '' [rel said] *T*-1 [ARG0 Philip Olsen , an analyst at Kitcat & Aitken , a U.K. brokerage firm] .
- [ARG0 Furukawa Electric Co.] [rel said] [ARG1 0 it plans *-1 to increase production of computer memory devices on a large scale in the U.S. and Japan] .
- [ARGM-ADV Together with two existing plants in the U.S.] , [ARG0 Furukawa] [rel said] [ARG1 0 it will expand its current local monthly production of memory disks to 1.4 million sheets from 800,000] .
- [ARGM-LOC In Japan] , [ARG0 Furukawa] [rel said] [ARG1 0 it will raise production at a plant outside Tokyo to 300,000 sheets monthly from 100,000] .
- [ARG0 Furukawa] [rel said] [ARG1 0 the U.S. market is strengthening as related computer technology gains in sophistication and quality] .
- [ARG0 Compaq Computer Corp.] [rel said] [ARG1 that its net income rose 51 % in the third quarter , *-1 bolstered * by unusual gains from its investment in a disk-drive maker and * reflecting continued growth in its European operations] .
- [ARG0 Mr. Swavely] [rel said] [ARG1 0 the new space will allow Compaq to increase the manufacturing capacity of its plant in Erskine , Scotland] .
- [ARG0 The computer maker] [rel said] [ARG1 0 net jumped to $ 87 million *U* , or $ 2.02 *U* a share , from $ 58 million *U* , or $ 1.40 *U* a share , a year earlier] .
- `` [ARG1 Over the next couple of years we would not be surprised *-1 to see Europe and international -LCB- sales -RCB- represent 50 % of the company 's revenues] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Diversified Investment Group Inc.] [rel said] [ARG1 0 it agreed *-2 to be acquired *-1 by Star States Corp. for stock valued * at $ 13.75 *U* a share , or about $ 24.4 million *U*] .
- [ARG0 Diversified , the holding company for Fidelity Federal Savings & Loan Association ,] [rel said] [ARG1 0 the agreement also gives Star States the option * to acquire 588,300 of Diversified 's 1,774,326 shares outstanding `` under certain circumstances] . ''
- [ARG0 Chandler Insurance Co.] [rel said] [ARG1 0 it expects *-1 to report 0 third-quarter net income jumped 97 % to $ 2.8 million *U* , or 51 cents a share] .
- [ARGM-LOC In an interview] , [ARG0 W. Brent LeGere , chairman and chief executive officer ,] [rel said] [ARG1 0 he expects revenue in the latest quarter to total about $ 28 million *U*] .
- [ARG0 Calgon Carbon Corp.] [rel said] [ARG1 0 it will build a $ 40 million *U* plant for * producing granular activated carbon] .
- [ARG0 The maker of water-treatment chemicals and equipment] [rel said] [ARG1 0 it will select the plant site early next year] , and production is expected *-1 to begin in 1991 .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Bauman] : `` If things get really tough , I can always auction it off at Sotheby 's .
- `` [ARG1 These people bounce back more resiliently than regular people] , '' [rel says] *T*-2 [ARG0 Washington writer Suzanne Garment , who *T*-1 is working on a history of post-Watergate scandal] .
- `` [ARG1 I feel better than I ever have *?* in my life] , '' [ARG0 he] [rel says] *T*-1 .
- `` When [ARG0 someone] [rel says] , ` [ARG1 I 've turned to God] *T*-1 , ' everybody lays off , '' observes *T*-2 Frank Mankiewicz , an old Washington hand and former aide to Robert Kennedy .
- `` [ARG1 This whole experience has been an opportunity for internal growth] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 I 've surrendered to the circumstances] , '' [ARG0 Mr. Fedders] [rel says] *T*-1 .
- `` [ARG1 The best thing 0 you can do *T*-1 is get off the screen] , '' [rel says] *T*-2 [ARG0 Mr. Buchwald] .
- `` [ARG1 I cut my losses and ran] , '' [ARG0 she] [rel says] *T*-1 , [ARGM-LOC from her new home in Colorado , where she is busy *-3 remodeling *T*-2] .
- `` [ARG1 My husband was instantly impoverished *-2 by the very act of * marrying me] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 There 's nothing 0 she could do *T*-1 *-3 to bring herself back to where she was *T*-2] , '' [rel says] *T*-4 [ARG0 her lawyer , James Bierbower] .
- `` [ARG0 You] [ARGM-MOD could] [rel say] [ARG1 0 she survived] , but it was n't easy on her . ''
- [ARG1 * Let the president demand strict new ethics rules : With four sitting House members accused * of sexual misdeeds , amid the unfolding HUD scandal and after the Wright debacle , `` people are slightly dulled *-2 by scandal] , '' [rel says] 0 *T*-1 [ARG0 political humorist Art Buchwald] .
- `` [ARG1 You can be wicked , but not foolish] , '' [rel says] *T*-1 [ARG0 Mr. Mankiewicz] .
- [ARG0 Mr. Bauman , a conservative ,] [rel says] [ARG1 0 he was deserted *-1 by the right wing] .
- `` [ARG1 Conservatives shoot their own] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-ADV Still] , [ARG0 Mr. Mack] [rel says] [ARG1 0 he talks to `` 30 members of Congress a week] . ''
- [ARG1 Each time 0 a new scandal hits *T*-1] , [ARG0 he] [rel says] 0 *T*-2 , `` it pulls the scabs off your knees . ''
- [ARG0 Larry Birns , director of the Washington-based Council on Hemispheric Affairs , a liberal research group ,] [rel said] [ARG1 that Latin American countries would be `` profoundly disappointed '' if Canada were *-1 to follow the U.S. lead in the OAS] .
- `` [ARG1 Latin Americans see Canada as a non-interventionist power that *T*-1 respects their sovereignty] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 The fact that we might not side with the Americans may be a reason why Canada 's membership in the OAS has n't been , over the years , an item high on the U.S. agenda *T*-2] , '' [rel said] *T*-1 [ARG0 Allan Gotlieb , former Canadian ambassador to the U.S.] .
- `` [ARG1 Canada has a larger and more beneficial role 0 * to play *T*-1 in the hemisphere] , '' [ARG0 Mr. Mulroney] [rel said] *T*-2 [ARGM-TMP recently] .
- `` [ARG1 Canada could do plenty of things * to get serious about Latin America without * running the risk of * getting caught *-2 in the cross fire '' between the U.S. and Latin American members of the OAS] , [rel said] 0 *T*-1 [ARG0 Jeffrey Simpson , a columnist in Toronto 's Globe & Mail newspaper] .
- [ARG0 Rochester Telephone Corp.] [rel said] [ARG1 0 it agreed *-1 to buy Viroqua Telephone Co. of Viroqua , Wis] .
- [ARG1 The average unemployment rate in the 15 biggest industrialized democracies was steady in August at the 6.1 % rate of the two previous months] , [ARG0 the Organization for Economic Cooperation and Development -LRB- OECD -RRB-] [rel said] 0 *T*-1 .
- [ARG0 The OECD] [rel said] [ARG1 that most of the improvement occurred in the second half of last year] ; since February of this year , unemployment has been steady at around 6.2 % of the labor force .
- [ARG0 ALAMCO Inc.] [rel said] [ARG1 0 its board has approved a 1-for-10 reverse stock split] .
- [ARG0 The Clarksburg , W.Va. , producer of gas and oil ,] [rel said] [ARG1 0 it wants shareholders to approve the split because it would `` enhance the marketability '' and trading of the stock] .
- [ARG0 Duriron Co.] [rel said] [ARG1 0 it has agreed *-1 to buy Automax Inc. , a Cincinnati maker of control accessories for industrial valves] .
- Terms were n't disclosed *-2 , but [ARG0 Duriron] [rel said] [ARG1 0 the deal will be completed *-1 through an exchange of stock] .
- [ARG0 Duriron , a maker of pumps , valves and other controls ,] [rel said] [ARG1 0 the acquisition wo n't impact its 1989 profit] .
- [ARG1 Canadian manufacturers recorded a 0.8 % decline in August in their backlog of unfilled orders] , [ARG0 Statistics Canada , a federal agency ,] [rel said] 0 *T*-1 .
- [ARG0 Burmah Oil PLC , a British independent oil company ,] [rel said] [ARG1 0 its West German subsidiary Castrol has a 49 % share in Explonaft G.m.b.H. , a new Polish lubricants company] .
- [ARG0 A spokesman for Seagram , the Montreal wine and spirits concern controlled * by the Bronfman family ,] [rel said] [ARG1 0 the company will post additional pretax profit of about $ 33 million *U* a year because of the additional Du Pont dividends] .
- [ARG0 James Fallon , a New Providence , N.J. , marketing consultant to the chemicals industry ,] [rel says] [ARG1 0 Du Pont still holds an edge in *-1 making the pigment because the company was `` first in with the technology '' 0 *T*-2 to lower costs] .
- [ARG0 He] [rel said] [ARG1 0 Du Pont holds about 23 % of the world-wide market , the largest single share , at a time when growing uses for the pigment have kept it in tight supply *T*-1 , although others are now adding low-cost production capacity] .
- [ARG0 A spokesman] [rel said] [ARG1 0 herbicide use in some areas of the U.S. was delayed *-1 earlier in the year by heavy rains , thus * increasing sales in the third quarter] .
- `` [ARG1 We have n't benefited the shareholder as much as we need *-2 to *?*] , '' [rel said] *T*-1 [ARG0 Edgar Woolard Jr. , Du Pont 's chairman and chief executive officer ,] [ARGM-LOC in an interview] [ARGM-TMP several months before he entered his current position in April] .
- [ARG1 The Canadian government plans *-1 to auction on Tuesday 750 million Canadian dollars -LRB- US$ 639.9 million *U* -RRB- of 9.25 % bonds due Dec. 1 , 1999] , [ARG0 the Finance Department] [rel said] 0 *T*-2 .
- [ARG0 Finnish conglomerate Nokia Oy AB] [rel said] [ARG1 0 it reached an agreement * to buy Dutch cable company NKF Kabel B.V. for 420 million Finnish markka -LRB- $ 99.5 million *U* -RRB-] .
- [ARG0 Nokia] [rel said] [ARG1 0 it will gain control over NKF Kabel by *-2 buying 51 % of the shares in NKF Holding N.V. , which *T*-1 owns NKF Kabel] .
- [ARG1 There] is likely *-1 to be a natural division of labor , [rel says] 0 *T*-2 [ARG0 Francois Heisbourg , director of the International Institute for Strategic Studies in London] , with the U.S. more engaged in strategic issues with the Soviet Union , and Western Europe more involved with specific aid measures for the East .
- `` [ARG1 We need a Western Ostpolitik] , '' [rel says] *T*-1 [ARG0 John Roper , of the Royal Institute of International Affairs in London ,] [ARGM-ADV *-2 referring to West Germany 's longstanding policy of a diplomatic opening to the East] .
- `` [ARG1 Most of the West 's leaders have finally concluded that we all want perestroika -LCB- Soviet leader Mikhail Gorbachev 's policy of economic restructuring -RCB- to succeed] , '' [rel says] *T*-1 [ARG0 Hubert Vedrine , security adviser to Mr. Mitterrand] .
- [ARG0 Thierry de Montbrial , director of the French Institutue for International Relations in Paris ,] [rel says] [ARG1 0 it *EXP*-2 is n't clear what , exactly , West Germany wants *T*-1] .
- [ARG1 Any push for a Gorbachev vision of a `` common European home , '' implying the eventual dissolution of the EC , a Soviet-German partnership and the withdrawal of U.S. forces , `` would be a very , very serious problem] , '' [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 There seems *-1 to be a message *ICH*-3 from Moscow 0 there 's a deal on offer] , '' [ARG0 he] [rel says] *T*-2 .
- [rel Says] [ARG1 *ICH*-2] [ARG0 a European strategist] : `` The U.S. tends *-1 to look at Eastern Europe -LCB- not including the Soviet Union -RCB- as Europe looks at Latin America : important but far away .
- [ARG0 Kyle Technology Corp.] [rel said] [ARG1 0 a Seattle investor has signed a letter of intent * to buy the company for about $ 3.1 million *U* , or $ 1.20 *U* a share] .
- [ARG1 The investor , Donald A. Wright , plans *-1 to run the company] , [rel said] 0 *T*-2 [ARG0 a spokesman for Kyle] .
- [ARG0 Computer Sciences Corp.] [rel said] [ARG1 0 it received a U.S. Postal Service contract that *T*-1 will have a value of at least $ 33 million *U*] .
- [ARG0 Computer Sciences] [rel said] [ARG1 0 its work will improve mail-processing efficiency] .
- [ARG0 Ohbayashi officials] [rel said] [ARG1 0 the purchase was undertaken *-2 * to participate in ventures in and around New York City] .
- [ARG0 They] [rel said] [ARG1 0 Howell is particularly successful there because of its membership cooperation with local unions] .
- `` [ARG1 We have always taken smaller accounts , but now we are looking for smaller accounts that *T*-1 will grow] , '' [ARG0 Mr. Schwarz] [rel says] 0 *T*-2 .
- `` [ARG1 Our bread and butter is still the $ 2 million to $ 20 million *U* account] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 The new services allow U.S. Trust to cater to the `` new wealth] , '' [ARG0 Mr. Schwarz] [rel says] 0 *T*-1 .
- `` [ARG1 We will have a reasonably flat year this year] , '' [ARG0 Mr. Schwarz] [rel says] *T*-1 .
- [ARG0 Mr. Schwarz] [ARGM-DIS also] [rel said] [ARG1 0 costs associated * with U.S. Trust 's planned move to midtown Manhattan from Wall Street will continue *-1 to be a drag on earnings through 1990] .
- [ARG0 Mr. Schwarz] [rel says] [ARG1 0 the competition `` broadens the base of opportunity for us] . ''
- [ARG0 Sun Microsystems Inc.] , [ARGM-ADV *-1 snapping back to profitability after its first quarterly loss as a public firm] , [rel said] [ARG1 0 it earned $ 5.2 million *U* , or seven cents a share , in the fiscal first quarter] .
- [ARG0 Mr. McNealy] [rel said] [ARG1 0 the issues that *T*-1 hurt Sun 's performance earlier this year are now `` largely '' behind the firm] , and he indicated that Sun 's profitability should increase throughout the fiscal year .
- [ARGM-TMP Recently] , [ARG0 analysts] have [rel said] [ARG1 0 Sun also is vulnerable to competition from International Business Machines Corp. , which *T*-1 plans *-2 to introduce a group of workstations early next year , and Next Inc] .
- [ARGM-TMP Earlier this month] , [ARG0 the company] [rel said] [ARG1 0 it expected *-1 to break even for the quarter on sales of $ 530 million *U*] .
- [ARGM-LOC In a statement] , [ARG0 Scott McNealy , Sun 's chief executive officer ,] [rel said] [ARG1 0 the company 's performance was hampered *-1 by problems tied * to the introduction of a major new family of computers in April] .
- [ARG1 One of those new computers , called * Sparcstation 1 , accounted for nearly half of the 28,000 systems 0 Sun shipped *T*-1 in the quarter] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 a new chief operating officer wo n't be appointed *-1] .
- [ARG0 Castle Harlan Inc. , a New York merchant bank , and Quantum Fund] [rel said] [ARG1 0 they would acquire the assets for a combination of cash and the assumption of certain of Sharon 's liabilities] .
- [ARG0 Quantum] [rel said] [ARG1 0 it has agreed *-1 to purchase as much as $ 50 million *U* in equity in the new company , if necessary , for the confirmation of the plan] .
- [ARG0 Castle Harlan and Quantum] [rel said] [ARG1 0 the plan is expected *-2 to be filed *-1 within 60 days with the U.S. Bankruptcy Court in Pittsburgh] .
- [ARG0 Castle Harlan] [rel said] [ARG1 that such financing is already being sought *-1 and that a formal proposal would be made *-2 to Sharon 's Chapter 11 trustee and other Sharon creditors over the next few days] .
- Mr. Lee also reported to the president that , [ARGM-LOC in a separate meeting] , [ARG0 Communist Party chief Jiang Zemin] [rel said] [ARG1 0 the Chinese leadership `` looked kindly on the students who *T*-1 took part in the demonstrations] . ''
- `` [ARG1 I transmitted my conversations to the White House] , '' [ARG0 Prof. Lee] [rel says] *T*-1 .
- [ARG0 He] [rel says] [ARG1 that the Chinese never asked him *-1 to convey their statements to President Bush , but that the White House spontaneously invited him *-2 to do so] .
- `` [ARG1 The president does n't want *-2 to have legislative sanctions] , '' [rel says] *T*-1 [ARG0 a U.S. official] .
- The problem for Congress will be *-3 to weigh [ARG1 what] [ARG0 China] is [rel saying] *T*-1 to [ARG2-to its people] against the more conciliatory message 0 it is delivering *T*-2 to the Bush administration .
- [ARG0 Beijing officials] have [rel said] [ARG1 0 they will step up the campaign of arrests and intimidation against those who *T*-1 participated in the demonstrations] .
- [ARG1 A university student] got eight years for * participating in the rallies , [ARG0 sources in Beijing] [rel said] 0 *T*-1 , while an 18-year-old worker got 10 years .
- [ARG1 A man gunned * down by a stray bullet while * cycling to work carries , after his death , the official stigma of `` counterrevolutionary] , '' [ARG0 his wife] [rel says] 0 *T*-1 .
- `` [ARG1 In the U.S. , there are still people who *T*-1 want *-2 to crush China and interfere in our internal affairs] , '' [ARG0 Zhu Qizhen , China 's new ambassador to the U.S. ,] [rel said] *T*-3 [ARGM-TMP as he left for Washington last week] .
- [ARG0 A congressional staffer involved * in * drafting the sanctions] [rel says] [ARG1 0 they are likely *-2 to mirror those 0 Mr. Bush enacted *T*-1 shortly after the massacre] .
- `` [ARG1 If the two sides are n't careful , U.S.-China ties could spin downward , out of control] , '' [rel says] *T*-1 [ARG0 a U.S. official in Beijing] .
- [ARG1 When he met with Mr. Bush on his return *T*-2] , [ARG0 Mr. Lee] [rel says] 0 *T*-3 , he told the president that the Chinese `` made statements *ICH*-1 to me that I regard *T*-4 as a first step toward reconciliation . ''
- [ARG0 Mr. Lee] [rel says] [ARG1 0 Mr. Deng told him : `` We should not mind those who *T*-1 participated in demonstrations , signed anti-government materials and went on hunger strikes] . ''
- [ARG1 Mr. Deng] added , [rel says] 0 *T*-1 [ARG0 Mr. Lee] , that `` we really made mistakes .
- The State Bank 's move is part of a drive * to iron out exchange-rate discrepancies as Moscow moves toward * making the ruble convertible -- a goal that [ARG0 Soviet bankers and economists] [rel say] [ARG1 0 *T*-1 is still far away] .
- `` [ARG1 It 's much bigger than we expected *?*] , '' [rel said] *T*-2 [ARG0 one German banker , who *T*-1 asked * not to be named *-3] .
- [ARG0 Tass news agency] [rel said] [ARG1 0 the devaluation also will apply to foreigners ' transactions] .
- [ARG0 Kodak , based * in Rochester , N.Y. ,] [rel said] [ARG1 0 IBM also had bid for the business] .
- [ARG0 He] [rel said] [ARG1 that American Telephone & Telegraph , MCI Communications Corp. , Rochester Telephone Corp. and IBM itself would likely be Digital 's subcontractors on the project] .
- `` [ARG1 When we decided *-3 to look outside the company for critical data-processing and communications services *T*-2 , we wanted *-4 to get the best vendor for that service] , '' [rel said] *T*-1 [ARG0 Paul Allen , the spokesman] .
- [ARG0 Mr. Brady] has [rel said] [ARG1 0 he thought 0 government agencies in the latest market drop were better prepared *-2 to coordinate their actions] , but he has left no doubt that he still likes the ideas 0 the commission advanced *T*-1 nearly two years ago .
- [ARGM-LOC In an interview with the Washington Post] [ARGM-TMP in early October] , [ARG0 the secretary] [rel said] [ARG1 0 the Fed may be slightly more interested in *-1 curbing inflation than the administration is *?* , while the administration may put slightly more emphasis on * spurring economic growth] .
- [ARG1 * Trying *-1 to manage exchange rates to some desired level] , [ARG0 he] [rel said] 0 *T*-2 , `` would mean * diverting monetary and fiscal policies from their customary roles and thereby risking excessive inflation and unemployment and inadequate capital formation . ''
- [ARG0 He] [rel said] [ARG1 that when he was on the board *T*-1 he felt that he had a great deal of power and , somehow , he did n't think 0 that was a good thing] .
- As one of his defenders so aptly put it , President Reagan was simply doing what he had always done *T*-1 before his election -LRB- and [ARG0 some] [ARGM-MOD would] [rel say] [ARG1 thereafter as well] -RRB- .
- There are [ARG0 those] who *T*-3 [rel say] [ARG1 that this is nothing new , that America has always suffered from a bad case of schizophrenia when it comes to the dichotomy between what *T*-4 is professed *-1 and what *T*-5 is practiced *-2 *T*-6] .
- And if you are caught *-1 or if people complain , * simply argue that `` everyone does it '' or `` [ARG0 no one] [rel said] [ARG1 0 I should n't *?*] '' and brazen it out .
- `` [ARG1 You are mad because he 's making so much money] , '' [rel say] *T*-2 [ARG0 President Reagan 's defenders] .
- [ARG0 Cineplex Odeon Corp. directors] [rel said] [ARG1 0 the company 's chairman and chief executive , Garth Drabinsky , is considering *-1 bidding 780.6 million Canadian dollars -LRB- US$ 666 million *U* -RRB- *-2 to acquire the company] .
- `` [ARG1 All 0 this has really established *T*-2 is that MCA and the Bronfmans have agreed on a price at which they can be bought *-1 out *T*-3] , '' [rel said] *T*-4 [ARG0 Jeffery Logsdon , an analyst with Crowell , Weedon in Los Angeles] .
- [ARG0 The board] [rel said] [ARG1 0 Mr. Drabinsky and Vice Chairman Myron Gottlieb are negotiating financing before *-1 offering C$ 16.40 *U* a share *-2 to acquire all of Cineplex 's shares outstanding] .
- [ARG0 Mr. Drabinsky , who *T*-2 would have had the right * to vote those shares for two years ,] [rel said] [ARG1 0 the purchase , subsequently rejected * by regulators , was aimed *-1 at * consolidating his control of the company] .
- [ARG0 The directors] did n't indicate the source of financing for Mr. Drabinsky 's new proposal , but [rel said] [ARG1 0 MCA and the Bronfman associates agreed in principle *-2 to buy for $ 57 million *U* *RNR*-1 and then lease back to Cineplex *RNR*-1 its 18-screen theater complex in Universal City , Calif. , if Mr. Drabinsky succeeds in an offer] .
- `` [ARG1 This is being done *-1 at the suggestion of -LCB- Mr. Drabinsky -RCB- and * to accommodate him , * to facilitate his financing arrangements] , '' [ARG0 Ms. Kolber] [rel said] *T*-2 .
- [ARGM-DIS In addition] , [ARG0 the directors] [rel said] [ARG1 0 if a bid by Mr. Drabinsky is successful , Cineplex expects Rank Organisation PLC to acquire the 51 % of Cineplex 's Film House unit 0 it does n't own *T*-1 , and provide Mr. Drabinsky with additional loan financing] .
- [ARG0 Michael Gifford , Rank 's chief executive ,] [rel said] [ARG1 0 the British theater chain 's total involvement `` would n't exceed $ 100 million *U* ''] but declined *-1 to give a breakdown between the loan financing and the proposed Film House purchase .
- [ARG0 Mr. Panet-Raymond] [rel said] [ARG1 0 he does n't think 0 Messrs. Drabinsky and Gottlieb are `` anywhere close '' to * arranging financing and that investors will need a solid offer before the stock begins *-1 to rise again] .
- [ARG0 The directors] [rel said] [ARG1 0 if Messrs. Drabinsky and Gottlieb mail an offer to shareholders by Nov. 22 , it will reimburse them a maximum of C$ 8.5 million *U* for expenses related * to a bid] .
- `` [ARG1 We consider that his bid is an acceptable bid] , '' [rel said] *T*-1 [ARG0 Sandra Kolber , spokeswoman for the independent directors ' committee appointed * last May * to solicit and review bids for the company in the wake of a dispute between Mr. Drabinsky and Cineplex 's major shareholder , MCA Inc] .
- [ARG0 Ms. Kolber] [rel said] [ARG1 0 the committee had received other bids] .
- [ARG0 She] declined *-1 to identify other bidders but [rel said] [ARG1 0 Mr. Drabinsky 's offer `` is all cash , and it 's for all of the company] . ''
- [ARG0 Hoechst AG 's Chairman Wolfgang Hilger] [rel said] [ARG1 0 the company wants *-1 to have a substitute product 0 *T*-2 to completely replace ozone-damaging chlorofluorocarbons by 1995] .
- [ARGM-TMP In April] , [ARG0 Hoechst , the largest producer of CFCs in West Germany ,] [rel said] [ARG1 0 it wanted *-1 to reduce production of the product by 50 % by 1993] .
- [ARG0 Mr. Hilger] [rel said] [ARG1 0 Hoechst will invest 50 million marks -LRB- $ 27.2 million *U* -RRB- in a plant * to make a substitute product 0 it has developed *T*-2 that it says 0 *T*-3 is unchlorinated] .
- Mr. Hilger said 0 Hoechst will invest 50 million marks -LRB- $ 27.2 million *U* -RRB- in a plant * to make a substitute product 0 it has developed *T*-2 that [ARG0 it] [rel says] [ARG1 0 *T*-3 is unchlorinated] .
- [ARGM-DIS Also] , [ARG0 BASF AG , another large chemicals company ,] [rel said] [ARG1 0 it formed a separate division that *T*-1 will study the environmental impact of plastics and will investigate all possibilities of * recycling plastics] .
- [ARG0 Adolph Coors Co.] [rel said] [ARG1 0 its Coors Brewing Co. unit will test market a new line of bottled water in the West beginning early next year] .
- [ARG0 The company] [rel said] [ARG1 0 the water will be called * Coors Rocky Mountain Sparkling Water and will come from the same mountain spring as water used * in Coors beer] .
- [ARG0 The company] [rel said] [ARG1 0 it will sell the water *-1 plain and with lemon-lime and cherry flavors and will package it in 28-ounce bottles and 6.5 ounce bottles as part of six-packs] .
- [ARG0 He] [rel said] [ARG1 0 he was surprised *-1 by the EC 's reaction] , [ARGM-ADV *-2 calling it `` vehement , even frenetic] . ''
- The U.S. proposal also was criticized *-1 by [ARG0 food-importing developing countries] , who *T*-2 [rel said] [ARG1 that the U.S. made no special allowances for poor nations] .
- [ARG0 Ambassador Katz] [rel said] [ARG1 0 the U.S. was open to * discussing particular problems of developing countries] .
- [ARG0 The U.S. administration] [rel said] [ARG1 0 its plan would allow considerable flexibility in * determining how and when the free-trade goals would be achieved *-1 *T*-2] .
- [ARG0 The new U.S. package] [ARGM-DIS also] [rel says] [ARG1 0 countries could temporarily raise tariffs on certain products if they experience an unusually heavy volume of imports] .
- [ARGM-ADV * Seeking *-3 to allay European concerns] , [ARG0 U.S. Agriculture Secretary Clayton Yeutter] [rel said] [ARGM-LOC in Washington] [ARG1 that the new U.S. plan would n't `` put farmers out of business '' but would encourage them to `` grow what the markets desire *T*-1 instead of what the government wants *T*-2] . ''
- [ARG0 U.S. officials] [rel said] [ARG1 0 the plan was flexible , and was intended *-1 as a pragmatic approach for * gradually removing trade-distorting subsidies] .
- `` [ARG1 The American proposal is not an adequate basis for negotiation] , '' [ARG0 the EC] [rel said] *T*-1 [ARGM-LOC in a statement] .
- [ARG0 EC officials] [rel say] [ARG1 0 they are irked *-1 that the U.S. has set a specific timetable and is insisting on the `` elimination '' of export subsides , not just reduction] .
- [ARG0 EC Agriculture Commissioner Ray MacSharry] [rel said] [ARG1 0 the U.S. plan `` calls into question '' the agreement reached * by world negotiators last April in Geneva seeking `` substantial progressive reductions in agricultural support and protection] . ''
- [ARG0 Bell Atlantic Corp.] [rel said] [ARG1 0 it agreed definitively *-1 to acquire one of Control Data Corp. 's computer-maintenance businesses] .
- [ARG0 Lawrence Perlman , Control Data 's president and chief operating officer ,] [rel said] [ARG1 0 the maintenance business no longer fits into the company 's `` strategy * to be a data solutions company] . ''
- [ARG0 Thomas Vassiliades , president of Bell Atlantic 's customer services division ,] [rel said] [ARG1 0 the acquisition would give the company 's Sorbus computer-maintenance unit added expertise in `` the increasingly sophisticated workstation and high-end mainframe technologies] .
- [ARG1 But] the proper remedy , [ARG0 Judge Leval] [rel said] 0 *T*-1 , lay in a suit for damages , not in an injunction .
- [ARG1 Had the suit been filed *-2 in time] , [ARG0 they] [rel said] 0 *T*-1 , `` Bare-Faced Messiah '' would have been suppressed *-3 .
- In his eloquent dissent , Judge Alex Kozinski observed that when a writer uses quotation marks in *-3 reporting [ARG1 what] [ARG0 someone] has [rel said] *T*-1 *T*-2 , the reader assumes that these are the speaker 's precise words or at least his words purged * of `` uh '' and `` you know '' and grammatical error .
- `` [ARG1 There is one sacred rule of journalism] , '' [ARG0 John Hersey] has [rel said] *T*-1 .
- As Judge Kozinski put it : `` * To invoke the right * to deliberately distort [ARG1 what] [ARG0 someone else] has [rel said] *T*-1 is * to assert the right * to lie in print ... .
- [ARGM-ADV As for the merits] , [ARG0 Judge Leval] [rel said] [ARG1 that Mr. Miller had written `` a serious book of responsible historical criticism] . ''
- [ARG0 The National Aeronautics and Space Administration] [rel said] [ARG1 0 it awarded General Dynamics Corp. a $ 64 million *U* contract * to launch the Combined Release and Radiation Effects Satellite in June 1990] .
- [ARG0 NASA] [rel said] [ARG1 0 General Dynamics will launch CRRES *-1 using an Atlas 1 rocket] .
- [ARG0 Corroon] [rel said] [ARG1 0 it will announce a successor to Mr. Crane at a later date] .
- [ARG0 An investment company] [rel said] [ARG1 0 it offered *-1 to acquire Arby 's Inc. , the fast-food operator , for $ 205 million *U*] .
- `` [ARG1 Arby 's is n't for sale] , '' [rel said] *T*-1 [ARG0 Renee Mottram , senior vice president at DWG] .
- [ARG0 Stevric 's principals , Richard and Steven Buckley ,] [rel said] [ARG1 0 they led the acquisition group that *T*-1 acquired the Nathan 's Famous Inc. restaurant chain and subsequently served as the top officers of the company] .
- [ARG0 Richard Buckley] [rel said] [ARG1 0 Stevric 's acquisition of Arby 's `` would allow seasoned franchisers and food-service operators , with no conflicts of interest , to stabilize franchisee relations and properly refocus the company 's energies toward growth] .
- [ARG0 General Motors Corp. 's big defense and automotive electronics unit , GM Hughes Electronics ,] [rel said] [ARG1 0 net income fell 22 % in the third quarter , * reflecting declining military spending and slumping GM vehicle production] .
- [ARG1 In addition , GM 's North American vehicle production fell 8.4 % from a year ago , which *T*-1 hurt Delco Electronic 's earnings] , [ARG0 a company spokesman] [rel said] 0 *T*-2 .
- [ARG0 GMAC] [rel said] [ARG1 0 its automotive financing and leasing business rose 35 % in the U.S. , largely because of dealer and customer incentives used * * to boost sales] .
- [ARG0 The company] has [rel said] [ARG1 0 it wants *-1 to boost non-GM revenue to at least 50 % of its total business by the end of 1990] .
- [ARG0 Geoffrey Kalmus , counsel to the official creditors committee ,] [rel said] [ARG1 that under the United Illuminating plan , unsecured creditors would be paid *-1 in full credits and interest of about $ 855 million *U* , accrued * before PS of New Hampshire 's Jan. 1988 filing for bankruptcy court protection] .
- [ARG0 Mr. Kalmus] [rel said] [ARG1 that by next July they would have accrued unpaid interest equal to $ 350 million *U*] .
- [ARG0 United Illuminating] [rel said] [ARG1 0 the preferred holders total package would equal about 60 % of their claims] .
- [ARG0 It] [rel said] [ARG1 0 the maximum cost of the plan would be $ 9.7 million *U*] .
- But unlike [ARG0 Mr. Ruder] , who during the 1987 crash *T*-2 damaged himself by *-4 [rel saying] [ARGM-MNR rather offhandedly] [ARG1 that the markets might be closed *-1] , Mr. Breeden is turning the market drop to his own advantage , *-3 using it *-5 to further his agenda for the SEC .
- `` [ARG1 I do n't think 0 this was a real test] , '' [rel says] *T*-1 [ARG0 one congressional aide] .
- `` [ARG1 It was the plunge that *T*-1 did n't happen] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Nissan] [rel says] [ARG1 0 it will introduce its first system next month on the Infiniti Q45 luxury sedan] , and Toyota 's Celica coupe will go on sale with the suspension device next spring .
- [ARGM-DIS And] [ARG0 Detroit 's Big Three auto makers] [rel say] [ARG1 0 their systems are still under development] .
- [ARG0 Honda] [rel says] [ARG1 0 the five-cylinder engine provides a compromise between the fuel-economy of a four-cylinder , and the power of a V-6] .
- The soft , wafting aromas will `` improve ride comfort , '' the display attests 0 *T*-1 , and [ARG0 a proud employee] [rel says] [ARG1 0 Mazda hopes *-2 to move the system out of the lab and into its cars in a year or two] .
- `` [ARG1 It *EXP*-1] 's hard for the Japanese , '' [ARG0 he] [rel says] *T*-2 , `` * to get a feeling in a car , to get a passion in a car , to get emotion in a car .
- [ARG0 PWA Corp.] [rel said] [ARG1 0 it plans *-1 to sell by spring 1992 all 15 passenger planes 0 it acquired *T*-2 earlier this year in its 248 million Canadian dollar -LRB- US$ 211.6 million *U* -RRB- purchase of Wardair Inc] .
- [ARG1 It 's focused on * streamlining '' PWA 's fleet in a bid * to cut training and aircraft servicing costs] , [ARG0 the analyst] [rel said] 0 *T*-1 .
- [ARG0 PWA , which *T*-1 recently merged Wardair 's operations with those of PWA-owned Canadian Airlines International Ltd. , Canada 's second-biggest airline ,] [rel said] [ARG1 0 the proposed sale is part of a revised five-year plan aimed * at * streamlining its fleet and shedding debt] .
- [ARG0 PWA] [rel said] [ARG1 0 it also expects *-1 to announce by Tuesday whether it will take delivery of all 17 Airbus 320-200 aircraft 0 it previously ordered *T*-2] .
- Mr. Ireland said 0 11 DC10-30 aircraft that [ARG0 PWA] [ARGM-DIS also] [rel said] [ARG1 0 it plans *-2 to sell *T*-1 , * beginning in 1992 ,] have a current half-life value of about $ 34 million *U* each , or a total $ 374 million *U* , * raising aggregate potential proceeds from the aircraft sale to about $ 1.02 billion *U* .
- [ARG0 Mr. Ireland] [rel said] [ARG1 0 11 DC10-30 aircraft that PWA also said 0 it plans *-2 to sell *T*-1 , * beginning in 1992 , have a current half-life value of about $ 34 million *U* each , or a total $ 374 million *U* , * raising aggregate potential proceeds from the aircraft sale to about $ 1.02 billion *U*] .
- [ARG0 Mr. Ireland] [rel said] [ARG1 0 current demand for used aircraft is strong , partly because surging orders for new aircraft have lengthened waiting lists] .
- [ARGM-LOC Under its revised fleet plan] , [ARG0 PWA] [rel said] [ARG1 0 it will also increase its existing fleet of eight Boeing 767-300ER aircraft to 18 by 1994 , and add four more Boeing 747-400s by 1994 to the two units that it previously planned *-2 to add *T*-1 by next year] .
- [ARG0 PWA] [rel said] [ARG1 0 two of the Boeing 767-300ER aircraft scheduled * for delivery in 1990 would be leased *-1 out for two to five years] .
- [ARG0 Transportation Secretary Sam Skinner , who earlier *T*-1 fueled the anti-takeover fires with his quasi-xenophobic attacks on foreign investment in U.S. carriers ,] [ARGM-TMP now] [rel says] [ARG1 0 the bill would further disturb the jittery capital markets] .
- [ARG0 Texas Rep. Steve Bartlett , who *T*-1 has 40,000 American Airlines workers in his district ,] [rel says] [ARG1 0 the bill is `` good politics , but bad law] . ''
- Federal Reserve Chairman Alan Greenspan told Congress that the Fed can wipe out inflation without *-1 causing a recession , but [ARG0 he] [rel said] [ARG1 * doing so will inflict some short-term pain and will require * reducing the federal deficit sharply] .
- But [ARG0 Mr. Greenspan] , who *T*-2 has [ARGM-MNR repeatedly] [rel said] [ARG1 0 the Fed 's goal is * to reduce inflation] , added that `` whatever losses *T*-3 are incurred *-1 in the pursuing of price stability would surely be more than made up *-4 in increased output thereafter . ''
- [ARG0 Mr. Greenspan] [rel said] [ARG1 0 he and other Fed governors endorse a bill by Rep. Stephen Neal -LRB- D. , N.C. -RRB- that *T*-1 would require the Fed to pursue policies aimed * at * eliminating inflation within five years] .
- [ARG1 While each of the Hamilton-Dorgan proposals represents only a small step , together they would erode the Fed 's independence] , [ARG0 Mr. Greenspan] [rel said] 0 *T*-1 .
- [ARG0 Mr. Greenspan] [ARGM-DIS also] [rel said] [ARG1 that although he favors * cutting capital-gains taxes as sound economic policy , he would oppose such a move if it would undo the political compromise embodied * in the Tax Reform Act of 1986 and result in higher marginal income tax rates] .
- `` [ARG1 What *T*-2 seem *-3 to be interpreted *-1 as great conflicts are relatively minor issues of tactics] , '' [ARG0 he] [rel said] *T*-4 .
- [ARG0 Mr. Greenspan] [rel said] [ARG1 0 the inflation rate , currently about 4 1\/2 % , `` could be brought *-1 down to levels which *T*-2 are close to zero without * putting the economy into a recession , but I do suspect that there might be some modest loss of economic output] . ''
- [ARGM-LOC In the new show] , [ARG0 he] [rel said] 0 [ARG1 *T*-1] , `` we 're going *-2 to spend $ 60,000 *U* *-3 building a start-up house '' for a young couple .
- [ARG0 He] [rel said] [ARG1 0 his compensation under the Sears contract is `` a multimillion dollar deal] .
- `` [ARG1 I 'm ecstatic about the change] , '' [rel said] *T*-2 [ARG0 Mr. Vila] , whose new syndicated program *-3 is called *-1 `` Home Again with Bob Vila . ''
- `` [ARG1 Public TV is in fantasy land] , '' [ARG0 he] [rel said] *T*-1 .
- The agency has since acted *-1 to remove Alar from the nation 's grocery shelves by May 31 , 1991 , and [ARG0 the apple industry] has [rel said] [ARG1 that growers already have stopped *-2 using the chemical] .
- `` [ARG1 It 's a tremendous disappointment] , '' [rel said] *T*-1 [ARG0 Janet Hathaway , an attorney with the Natural Resources Defense Council] .
- [ARG0 Traders] [rel said] [ARG1 0 the stock market 's lurching moves have prompted many investors to head for the sidelines until it regains some semblance of stability] .
- [ARGM-ADV Although bond prices were n't as volatile *ICH*-1 on Tuesday trading as stock prices] , [ARG0 traders] [ARGM-DIS nevertheless] [rel said] [ARG1 0 action also was much slower yesterday in the Treasury market] .
- `` [ARG1 You stay out of it] , '' author Whitford quotes [ARG0 Mr. Clements] as *-2 [rel saying] *T*-1 .
- [ARG1 Competition could be maintained *-2 -- and stadiums probably would remain full -- if schedules were reduced *-3 and the games returned *-5 to the students] , [ARG0 we] [rel said] 0 *T*-4 .
- Discrepancies go unexplained in `` Confidential '' -LRB- one ex-player claims 0 he received $ 4,000 to $ 5,000 *U* for his season football tickets while [ARG0 others] [rel said] [ARG1 0 theirs brought only a few hundred dollars] -RRB- , and when Mr. Keteyian ca n't nail down something , like who *T*-2 really owned a car driven * by Husker tailback Doug Dubose *T*-1 , he simply reprints his notes .
- [ARG0 Dean Steinkuhler , a spectacularly bulked-up former lineman ,] confesses that he used 'em , and [rel says] [ARG1 0 other Huskers did *?* too] .
- [ARG1 But `` the check arrived in the mail] , '' [rel said] 0 *T*-1 [ARG0 Stephen Kidder , Massachusetts Commissioner of Revenue] .
- [ARG0 Mercedes-Benz] , which *T*-1 had [rel said] [ARG1 0 it did n't owe taxes to Massachusetts partly because it sells its cars at a dock in Baltimore and not in Massachusetts] , did n't explain its change of heart .
- [ARG1 Last month , Mercedes-Benz executives approached state revenue officials *-2 complaining about bad press] , [ARG0 the commissioner] [rel said] 0 *T*-1 .
- [ARG0 National Convenience Stores Inc.] , [ARGM-ADV *-1 trying *-2 to shake the doldrums in the convenience-store business] , [rel said] [ARG1 0 it will rearrange the merchandise in all of its stores in the next 18 months *-3 to cater better to the neighborhoods around its stores] .
- [ARGM-DIS Still] , [ARG0 Southland] [rel said] [ARG1 that its franchisees have been targeting their merchandise to their customers for years , and that the company has begun *-1 to follow suit] .
- [ARGM-DIS Still] , [ARG0 Southland] [rel said] [ARG1 that its franchisees have been targeting their merchandise to their customers for years , and that the company has begun *-1 to follow suit] .
- [ARG1 Several months ago , it also added black health and beauty aids displays to many stores] , [ARG0 a spokeswoman] [rel said] 0 *T*-1 .
- [ARG0 National Convenience] [rel said] [ARG1 0 it has tested its new merchandise mix in 100 stores , with favorable results] .
- [ARG0 Analysts] [rel said] [ARG1 0 the company 's effort will be helped *-1 by its decision *ICH*-4 last year * to put point-of-sale scanners in 200 stores , * allowing National Convenience to quickly track items that *T*-2 are selling and those that *T*-3 are n't *?*] .
- [ARGM-PNC *-2 To promote its new strategy] , [ARG0 National Convenience] [rel said] [ARG1 0 it plans *-1 to spend about $ 12 million *U* on advertising for the year ending June 30 , up from about $ 10 million *U* in fiscal 1989] .
- [ARG0 V.H. Van Horn , National Convenience president and chief executive officer ,] [rel said] [ARG1 0 the move reflects the company 's realization that the industry 's poor performance stems from its failure * to give customers what they want *T*-1 -- rather than from increasing competition from gasoline stations and 24-hour grocery stores] .
- `` [ARG1 Convenience store merchandise has not kept pace with current trends in consumer preferences] , '' [ARG0 he] [rel said] *T*-1 [ARGM-LOC in a speech at the company 's annual shareholders meeting] .
- [ARG0 Analysts and competitors] [rel said] [ARG1 0 the move reflects a growing need *ICH*-2 by the stores * to expand their customer base beyond the traditional blue-collar worker who *T*-1 pops into a convenience store for a sandwich , cigarettes , soda or beer] .
- `` [ARG1 There are an increasing number of people out there who *T*-1 are time-poor] , '' [rel said] *T*-3 [ARG0 Chris Vroom , retail analyst with Alex . Brown & Sons of Baltimore] .
- [ARG1 Nonetheless , `` Delmed currently expects that 1990 sales ... will be significantly below their 1989 level] , '' [ARG0 the company] [rel said] 0 *T*-1 [ARGM-LOC in a statement] .
- [ARG0 Delmed] [rel said] [ARGM-TMP yesterday] [ARG1 that Fresenius USA would begin *-1 distributing the product and that the company is investigating other possible distribution channels] .
- [ARG0 Delmed] [rel said] [ARGM-TMP yesterday] [ARG1 that Fresenius USA would begin *-1 distributing the product and that the company is investigating other possible distribution channels] .
- [ARG1 But the plan now is being `` reformulated *-3] , '' [ARG0 Delmed] [rel said] *T*-1 , [ARGM-ADV *-4 declining *-2 to provide most of the new terms of the combination] .
- [rel Said] [ARG1 *ICH*-1] [ARG0 the spokeswoman] : `` The whole structure has changed .
- [ARG1 That disclosure] came , [ARG0 a Delmed spokeswoman] [rel said] 0 *T*-3 , after the American Stock Exchange alerted the company that trading would n't resume in its stock until additional information about developments was provided *-2 .
- [ARG0 Delmed] did [rel say] [ARG1 that the proposal still would infuse cash into Delmed but less than the $ 10 million *U* originally expected *] .
- [ARG1 Another option for Delmed] , [ARG0 the company] [rel said] 0 *T*-1 , is that it could sell its plant in Ogden , Utah .
- [ARGM-ADV In addition to the forecast] , [ARG0 the company] [ARGM-DIS also] [rel said] [ARG1 0 it is examining potential cost cuts and reductions in overhead] .
- [ARG0 The spokeswoman] [rel said] [ARG1 0 the exchange would resume trading of Delmed stock today] .
- [ARGM-TMP At the same time] , [ARG0 the New Brunswick , N.J. , company] [rel said] [ARG1 0 negotiations about pricing and volumes of product *ICH*-1 had collapsed between it and its exclusive distributor in the U.S. , National Medical Care Inc] .
- [ARGM-TMP Yesterday] , [ARG0 the spokeswoman] [rel said] [ARG1 0 sales of Delmed products through the exclusive arrangement with National Medical accounted for 87 % of Delmed 's 1988 sales of $ 21.1 million *U*] .
- The current distribution arrangement ends in March 1990 , although [ARG0 Delmed] [rel said] [ARG1 0 it will continue *-1 to provide some supplies of the peritoneal dialysis products to National Medical] , the spokeswoman said 0 *T*-2 .
- [ARG1 The current distribution arrangement ends in March 1990 , although Delmed said 0 it will continue *-1 to provide some supplies of the peritoneal dialysis products to National Medical] , [ARG0 the spokeswoman] [rel said] 0 *T*-2 .
- [ARG0 A Mint official] [rel says] [ARG1 0 the agency offered *-1 to clean the coins for its `` bare-bones '' cost of $ 17,000 *U* plus certain other expenses] .
- [ARG1 Not only] did his company find $ 20,000 *U* worth of work , but when the approach was suggested *-1 *T*-3 , [ARG0 Mr. String] [rel says] 0 *T*-2 , Brooks officials `` did n't laugh at me or anything .
- `` [ARG1 We kind of got caught between bureaucracies] , '' [rel says] *T*-1 [ARG0 President William F. Brooks Jr] .
- [ARG1 The U.S. Mint would n't take the coin because it was n't mutilated , and the Federal Reserve Bank accepts only clean coins] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG0 The Philadelphia Fed] [rel says] [ARG1 0 it is merely an `` agent '' for coins , responsible only for storage and distribution] .
- `` [ARG1 We issue paper money ; we destroy paper money] , '' [rel says] *T*-1 [ARG0 Jane Hinkle , a Philadelphia Fed spokeswoman] .
- [ARG0 John C. Marous , chairman and chief executive officer ,] [ARGM-DIS also] [rel said] [ARG1 0 the company expects sales from continuing businesses to rise 8.5 % annually through the next three years] .
- [ARG0 Mr. Lego] [rel said] [ARG1 0 the company foresees the need for a major boost in new-generation capability throughout the 1990s] .
- [ARG1 The company 's ability * to respond to energy needs world-wide will be enhanced *-1 through a recently announced venture with Mitsubishi Heavy Industries] , [ARG0 Mr. Lego] [rel said] 0 *T*-2 .
- [ARG0 He] [rel said] [ARG1 0 the independent power segment could grow *-1 to provide as much as 50 % of near-term generation capacity] , [ARGM-ADV *-2 adding : `` We expect *-3 to supply a significant share of this market] . ''
- [ARG0 Mr. Marous] [rel said] [ARG1 0 Westinghouse would own 70 % of the facility] .
- [ARG0 Company officials] [ARGM-DIS also] [rel said] [ARG1 that any gain from the sale of Westinghouse 's 55 % stake in its transmission and distribution venture with the Swiss firm of Asea Brown Boveri will be offset *-1 by a restructuring charge in the fourth quarter] .
- [ARG1 Capital expenditure] in 1990 will rise slightly , [ARG0 Mr. Marous] [rel said] 0 *T*-1 , from an estimated $ 470 million *U* this year .
- [ARG1 Even if the gross national product is either flat or in the growth range of 2 % to 2.5 % *U* , `` we can handle that] , '' [ARG0 Mr. Marous] [rel said] 0 *T*-1 .
- [ARG0 Mr. Marous] [rel said] [ARG1 0 the business will achieve higher sales *ICH*-1 this year than the company 's target goal of 8.5 %] .
- [ARG1 A proposed conflict-of-interest policy for federally funded biomedical researchers may thwart many high-technology new ventures] , [rel say] 0 *T*-1 [ARG0 financiers , researchers and university administrators] .
- [ARG1 But because the University of California , like many other universities , shares its royalties with researchers , it may disqualify itself from federal funds under the proposed guidelines ,] [ARG0 Mr. Daly] [rel says] 0 *T*-1 .
- [ARG1 While universities develop the basic research , `` venture capitalists are the ones best positioned * to finance its commercialization] , '' [rel says] *T*-1 [ARG0 Gloria W. Doubleday of Commonwealth] .
- [ARG1 And if that happens , the entire process of * transferring technology to the marketplace could be harmed *-1 ,] [ARG0 they] [rel say] 0 *T*-2 .
- [ARG1 In many of these deals , `` venture capitalists had the inside track] , '' [rel says] 0 *T*-1 [ARG0 Lawrence Bock of Avalon Ventures , La Jolla , Calif] .
- `` [ARG1 Without the exclusivity , most venture capitalists wo n't have the incentive * to invest in such deals] , '' [ARG0 Mr. Bock] [rel says] *T*-1 .
- [ARGM-ADV Among other concerns] , [ARG0 the agency] [rel says] [ARG1 0 researchers with business ties are more likely *-1 to falsify findings in order *-2 to tout new drugs] .
- [ARG1 But before Athena was able *-1 to get an exclusive license to the technology , the Federal Register published most of the details , `` * giving all of the company 's potential competitors a chance * to exploit it] , '' [ARG0 Mr. Bock] [rel says] 0 *T*-2 .
- But , [rel says] [ARG1 *ICH*-1] [ARG0 Mr. Bock] , `` It was a close call . ''
- [ARG1 The proposed guidelines could also delay commercialization -- and force small companies to waste scarce capital] , [ARG0 entrepreneurs] [rel say] 0 *T*-1 .
- [ARG1 If start-ups ca n't have early access to research being conducted * at institutions , `` we have *-2 to replicate it ourselves or do without the research] , '' [rel says] 0 *T*-1 [ARG0 Ruth Emyanitoff , manager of business development at Applied bioTechnology Inc. , a Cambridge , Mass. , concern] .
- [ARG1 * Duplicating research is both costly and time-consuming for a start-up] , [ARG0 Ms. Emyanitoff] [rel says] 0 *T*-1 .
- [ARG1 Universities such as Harvard and MIT should be able *-2 to develop a way 0 * to act as brokers for the individual scientists *T*-3] , [rel says] 0 *T*-4 [ARG0 Katherine Bick , who *T*-1 oversees the huge NIH grants program as its deputy director for extramural research] .
- [ARG1 But the guidelines could `` make it *EXP*-2 impossible * to commercialize research] , '' [rel says] 0 *T*-1 [ARG0 Kenneth Smith , associate provost and vice president for research at Massachusetts Institute of Technology] .
- [ARG0 Ms. Bick , the NIH administrator ,] [rel says] [ARG1 0 the business and scientific community is overreacting to what the agency merely meant *T*-1 to be `` ideas for discussion] . ''
- [ARG1 The predictions of doom are `` premature] , '' [ARG0 she] [rel says] 0 *T*-1 .
- [ARG1 But when agencies like the NIH circulate guidelines *T*-1 , they 've often already formulated policy] , [ARG0 veteran scientists] [rel say] 0 *T*-2 .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Daly , the venture capitalist] : `` It *EXP*-2 does n't matter whether they call it guidelines or policy .
- [ARG1 The guidelines could foil future arrangements similar to the deal behind Lithox Inc. , a Salem , Mass. , start-up] , [rel says] 0 *T*-1 [ARG0 Robert Daly , a managing partner of TA Associates , a venture-capital firm] .
- [ARG0 One executive] [rel said] [ARG1 0 an accord signed * by the unsecured creditors of L.J. Hooker Corp. had frozen in place all of L.J. Hooker 's assets] .
- `` [ARG1 By *-3 filing for Chapter 11 , the Merksamer chain will only need approval from a bankruptcy judge for the sale , not the hundreds of unsecured creditors] , '' [rel said] *T*-1 [ARG0 this executive] .
- [ARGM-LOC In a statement] , [ARG0 Mr. Merksamer] described the filing as a `` legal technicality , '' but [ARGM-DIS also] [rel said] [ARG1 that `` our inability * to obtain trade credit , *-1 combined *-2 with a need * to ensure that our stores were properly stocked for the Christmas season , necessitated our filing Chapter 11] . ''
- `` [ARG1 With the decline in stock prices and continued low or stable interest rates , stocks are representing a better value all the time] , '' [ARG0 Renaissance President Frank W. Terrizzi] [rel said] *T*-1 [ARGM-TMP yesterday] .
- [ARG0 Mr. Terrizzi] [ARGM-MOD wo] [ARGM-NEG n't] [rel say] [ARGM-MNR specifically] , [ARGM-ADV *-1 explaining that if there was such a move , it would take about three days * to complete the loose ends of the transaction] .
- `` [ARG1 Our -LCB- computer -RCB- model has a certain trigger point] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-TMP When] [ARG0 the computer] [rel says] [ARG1 * switch] *T*-1 , Renaissance switches .
- [ARGM-CAU As a result] , [ARG0 competitors] [rel say] [ARG1 0 Renaissance has been looking for any opportunity * to return to the stock market , rather than risk *-2 losing business by *-3 continuing *-1 to remain fully invested in Treasury bills] .
- [ARG0 Wall Street executives] [rel said] [ARG1 0 they believed that Renaissance 's $ 900 million *U* buy program was carried *-1 out by PaineWebber Inc] .
- As * reported , PaineWebber bought shares Tuesday as part of a customer strategy shift , although [ARG1 the broker 's client] was [rel said] [ARGM-TMP then] *-1 to have been Japanese .
- [ARG1 David Evans , who last week *T*-1 resigned as president and chief executive of Qintex Entertainment Inc. `` for personal reasons '' just as the company filed for bankruptcy-law protection , has been temporarily reappointed to both positions] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Qintex Entertainment] [ARGM-DIS also] [rel said] [ARG1 0 Chief Financial Officer and Treasurer Jonathan Lloyd , 37 years old , would join the nine-member board] .
- [ARGM-TMP Last Monday] , [ARG0 Qintex Australia] announced a restructuring plan and [rel said] [ARG1 0 it would sell off assets] .
- [ARG0 Qintex Australia] [rel said] [ARG1 0 it had n't seen the suit and could n't comment] .
- He succeeds [ARG0 Roger Kimmel] , who *T*-1 resigned last week *-2 [rel saying] [ARG1 0 his participation in * evaluating the company 's role in * buying MGM\/UA Communications Co. was no longer necessary] .
- [ARG1 Mr. Evans will stay until a successor is found *-1 , but not later than the end of the year] , [ARG0 the company] [rel said] 0 *T*-2 .
- But [ARGM-TMP early] [ARGM-TMP on Oct. 19 , the second of two hectic days of board meetings ,] [ARG0 Mr. Evans] [rel said] [ARG1 0 he believed 0 Qintex Australia would n't be forthcoming] .
- [ARG1 The facility will be marketed *-1 toward families , and room rates will be between $ 35 and $ 55 *U* a night] , [ARG0 MGM Grand] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 it estimates 0 the Desert Inn remodeling will cost about $ 32 million *U* , and 0 the refurbishment of the three DC-8-62 aircraft , made * by McDonnell Douglas Corp. , will cost around $ 24.5 million *U*] .
- [ARG0 MGM Grand] [rel said] [ARG1 0 the latest stock offering wo n't cover the $ 600 million or more *U* cost of * building the proposed resort and theme park] , and added 0 it will need *-1 to seek additional financing , either through bank borrowings or debt and equity offerings , at a later date .
- `` [ARG1 They 're anticipating further declines in rates and they 're going *-2 to get them , slowly] , '' [rel said] *T*-1 [ARG0 Walter Frank , chief economist for the Donoghue Organization , publisher of Money Fund Report] .
- [ARG1 Assets of the 400 taxable funds tracked * by IBC\/Donoghue 's Money Fund Report jumped to $ 351.2 billion *U* in the week ended Tuesday] , [ARG0 the Holliston , Mass.-based newsletter] [rel said] 0 *T*-1 .
- `` [ARG1 Lower yields are just reflecting lower short-term interest rates] , '' [rel said] *T*-1 [ARG0 Brenda Malizia Negus , editor of Money Fund Report] .
- [ARG1 Leveraged funds in particular `` are still extremely vulnerable , because we 're still at the beginning of problems in the junk market , ''] [rel says] 0 *T*-1 [ARG0 George Foot , a managing partner at Newgate Management Associates in Northampton , Mass] .
- `` [ARG1 If someone actually sat down and thought about what they were being sold *-1 *T*-2] , '' [rel says] *T*-3 [ARG0 Gerald Perritt , editor of the Mutual Fund Letter in Chicago ,] they might shy away .
- [ARG0 Carl Ericson , who *T*-1 runs the Colonial Intermediate High Income Fund ,] [rel says] [ARG1 0 the fund 's 25 % leverage has jacked up its interest income] .
- [ARG0 Mr. Ericson] [rel says] [ARG1 0 he tries *-1 to offset the leverage by *-2 diversifying the fund 's portfolio] .
- [ARG0 New America High Income Fund] [ARGM-TMP recently] [rel said] [ARG1 that it plans *-1 to reduce its leverage position by *-2 buying back $ 5 million *U* in preferred stock and notes from investors] .
- `` [ARG1 We are trying *-2 to increase our flexibility] , '' [rel says] *T*-1 [ARG0 Ellen E. Terry , a vice president at Ostrander Capital Management , the fund 's investment adviser] .
- [ARG0 Ms. Terry] did [rel say] [ARG1 0 the fund 's recent performance `` illustrates what *T*-1 happens in a leveraged product '' when the market does n't cooperate *T*-2] .
- `` [ARG1 When the market turns around *T*-1] , '' [ARG0 she] [rel says] 0 *T*-2 , `` it will give a nice picture '' of how leverage can help performance *T*-3 .
- [ARG1 Several leveraged funds do n't want *-3 to cut the amount 0 they borrow *T*-1 because it would slash the income 0 they pay shareholders *T*-2] , [ARG0 fund officials] [rel said] 0 *T*-4 .
- [ARG1 Prospect Street High Income Portfolio , for instance , now holds about 15 % in cash and equivalents , nearly quintuple the amount 0 it held *T*-1 earlier this year ,] [rel says] 0 *T*-2 [ARG0 John Frabotta , portfolio co-manager] .
- [ARG0 He] [rel says] [ARG1 0 the fund , which *T*-1 is 40 % leveraged , has maintained a `` substantial cushion '' between its borrowing costs and the yields of the portfolio 's bonds] .
- `` [ARG1 I do n't want *-1 to be in a position 0 * to have * to sell *T*-3] , '' [ARG0 Mr. Frabotta] [rel says] *T*-2 .
- `` [ARG1 That 's a problem because cash is n't earning us very much money] , '' [ARG0 Mr. Bianchi] [rel says] *T*-1 .
- `` [ARG1 We 're looking at the leverage factor every day] , '' [rel says] *T*-1 [ARG0 Robert Moore , president of Bernstein-Macaulay Inc. , a Shearson Lehman Hutton Inc. unit and the fund 's adviser] .
- `` [ARG1 That 's really where the leverage hurt *T*-2] , '' [rel says] *T*-3 [ARG0 Thomas Herzfeld , a Miami-based investment manager who *T*-1 specializes in closed-end funds] .
- [ARG1 `` Share prices performed even worse than the funds ' asset values because fear has taken hold '' in the junk market] , [ARG0 he] [rel says] 0 *T*-1 .
- *-3 Undeterred , the BPCA hired Ms. Bartlett and another confessed garden ignoramus , [ARG0 the architect Alexander Cooper] , who *T*-1 claimed 0 he had never visited *RNR*-2 , much less built *RNR*-2 , a garden , and [rel said] of [ARG3-of the project] , `` [ARG1 I do n't view this as a landscape] .
- -LRB- [ARG0 Mr. Quennell] has [rel said] [ARG1 0 he plans *-1 to go with the grid , regardless] . -RRB-
- [ARG0 Mr. Breeden] , [ARGM-LOC in his first testimony to Congress since * taking the SEC post] , [rel said] [ARG1 0 the agency is studying the Friday the 13th market plunge , including how current circuit breakers affected the market that day and the following Monday *T*-1] .
- [ARG1 After the SEC study of the drop is completed *-1] , [ARG0 he] [rel said] 0 *T*-2 , `` I 'm perfectly happy *-3 to work with this committee ... in * identifying whether we need other devices , '' such as a program-trading curb .
- [ARGM-ADV Though direct mail to businesses is n't broken out *-1 separately] , [ARG0 the association] [rel says] [ARG1 0 it 's growing even faster] .
- [ARG1 The practice of businesses throwing out junk mail `` is a commonly known problem , and it 's increasing as companies attempt *-2 to put through budget cuts across the board , '' right down to the mail-room level] , [rel says] 0 *T*-1 [ARG0 Stephen Belth , a list consultant and chairman of the Direct Marketing Association 's business-to-business council] .
- But [ARG0 industry executives] [rel say] [ARG1 0 businesses seem especially inclined *-1 to dump mailers sent * to titles rather than to individual names] .
- `` If they get 50 packets of something , they open one , see [ARG1 what] [ARG0 it] [rel says] *T*-1 , throw 48 away and send two to people or departments 0 they think *T*-2 are appropriate , '' a spokesman says *T*-3 .
- `` [ARG1 If they get 50 packets of something , they open one , see what it says *T*-1 , throw 48 away and send two to people or departments 0 they think *T*-2 are appropriate] , '' [ARG0 a spokesman] [rel says] *T*-3 .
- `` [ARG1 Why anyone would want *-2 to close themselves off -LCB- from direct mail -RCB- *T*-1 , a priori , does n't make any sense] , '' [rel says] *T*-3 [ARG0 Michael Bronner of Bronner Slosberg Associates , a Boston directmail firm] .
- `` [ARG1 We just do n't have the staff 0 *T*-3 to -LCB- deliver -RCB- it , nor do we have the space or the time] , '' [rel says] *T*-2 [ARG0 a spokesman for the Schaumburg , Ill. , electronics company , which *T*-1 has 5,000 employees in the Austin area] .
- [ARG0 Jack Ellis , a U.S. postal inspector in New York ,] [rel says] [ARG1 0 the Postal Service 's only job is * to deliver the mail to the mail room] ; once it gets there , a company can do with it what it wishes *T*-1 .
- [ARG1 So far] , [ARG0 they] [rel say] 0 *T*-1 , it has n't had any noticeable effect on response rates .
- `` [ARG1 We 're going *-1 to have *-2 to mail a lot less and a lot smarter] , '' [rel says] *T*-3 [ARG0 Jack Miller , president of Quill Corp. , a Lincolnshire , Ill. , business-to-business mail-order company] .
- One spot shows a Sonata next to a rival midsized car , and [ARG0 an announcer] [rel says] , `` [ARG1 * Listen to what they 're saying *T*-1 about the Hyundai Sonata] . ''
- One spot shows a Sonata next to a rival midsized car , and an announcer says , `` * Listen to [ARG1 what] [ARG0 they] 're [rel saying] *T*-1 about [ARG3-about the Hyundai Sonata] . ''
- `` [ARG1 No wonder 0 the competition 's green with envy] , '' [ARG0 the announcer] [rel says] *T*-1 .
- [ARG0 EWDB , formed * by the merger of Eurocom and Della Femina McNamee WCRS ,] [rel said] [ARG1 0 it agreed *-1 to buy Vizeversa , an agency in Barcelona] .
- Businesses across the country are getting fed up with junk mail , and [ARG0 some] are [rel saying] [ARG1 0 they just are n't going *-1 to take it anymore -- literally] .
- [ARGM-ADV While no one has tracked how many company mail rooms *T*-1 throw out junk mail] , [ARG0 direct-mail advertising firms] [rel say] [ARG1 0 the number is growing] .
- General Motors earlier this year said 0 it would n't deliver bulk mail or free magazines in its Flint , Mich. , office , while [ARG0 Air Products & Chemicals , Allentown , Pa. ,] [rel says] [ARG1 0 it screens junk mail and often throws out most of a given mass mailing] .
- [ARG0 General Motors] [ARGM-TMP earlier this year] [rel said] [ARG1 0 it would n't deliver bulk mail or free magazines in its Flint , Mich. , office] , [ARGM-ADV while Air Products & Chemicals , Allentown , Pa. , says 0 it screens junk mail and often throws out most of a given mass mailing] .
- `` [ARG1 A number of us are not going *-2 to touch capital gains , IRAs or anything else unless it contributes to deficit-reduction] , '' [rel said] *T*-3 [ARG0 Sen. Charles Robb -LRB- D. , Va. -RRB- , who *T*-1 is one of the 10 to 20 Democrats who the Bush administration believes 0 *T*-4 might favor *-5 giving preferential treatment to capital gains] .
- `` [ARG1 There is a one-out-of-three shot of * getting it this year] , '' [rel said] *T*-1 [ARG0 Sen. David Boren of Oklahoma , a leading Democratic proponent of * cutting the capital-gains tax] .
- `` [ARG1 There will be no capital-gains bill this year] , '' [rel said] *T*-1 [ARG0 Sen. Dale Bumpers -LRB- D. , Ark . -RRB-] .
- [ARGM-CAU As a result] , [ARG0 the officials] [rel said] [ARG1 0 they are open to * making a variety of deals with Senate Democrats * to win their support for a capital-gains tax cut] .
- [ARG1 Democrats asked in * this week for discussions with President Bush have suggested ways of * `` tinkering '' with the Packwood-Roth proposal , *-3 suggesting an interest in * looking for a modified version 0 they can back *T*-1] , [ARG0 one official] [rel said] 0 *T*-2 .
- [ARG0 Japanese immigration authorities] [rel said] [ARG1 0 they found 658 more Chinese among Vietnamese boat people , * bringing the number of Chinese trying * to enter Japan by *-1 posing as Vietnamese refugees this year to 1,642] .
- [ARG1 Japan plans *-1 to send the Chinese back home and is negotiating with the Chinese government] , [ARG0 a Justice Ministry official] [rel said] 0 *T*-2 .
- [ARG1 The Chinese were among 3,372 boat people supposedly from Vietnam who *T*-1 arrived in Japan this year , compared with 219 for all of 1988] , [ARG0 the official] [rel said] 0 *T*-2 .
- [ARG1 The 658 Chinese , who *T*-2 have been in a refugee-assistance center , were sent *-1 to immigration facilities yesterday pending deportation to China] , [ARG0 the official] [rel said] 0 *T*-3 .
- [ARG0 Tony Lambert , Mrs. Verne 's successor ,] [rel says] [ARG1 0 the mint 's losses from the theft run into the hundreds of thousands of francs] .
- [ARG1 El Salvador is destroying more than 1.6 million pounds of food that *T*-1 had rotted in government warehouses] , [ARG0 government officials] [rel said] 0 *T*-2 .
- [ARG1 The state Supply Regulator Institute is *-3 to burn rice , corn and beans that *T*-1 spoiled because of neglect and corruption in the previous Christian Democrat government] , [ARG0 a statement from the information service SISAL] [rel said] 0 *T*-2 .
- [ARG1 During the past administration the foodstuffs were first bought *-2 by the institute , then sold *-2 at low prices to `` unscrupulous businessmen '' who *T*-1 resold them to the institute at inflated prices] , [ARG0 the statement] [rel said] 0 *T*-3 .
- Another 250 Libyans were already in Italy *-2 to stage a day of mourning for victims of Italy 's colonial rule between 1911 and 1943 , when [ARG0 Tripoli] [rel says] [ARG1 0 Rome kidnapped 5,000 Libyans and deported them as forced labor *T*-1] .
- [ARGM-DIS But] [ARG0 officials in Rome] [rel say] [ARG1 0 the issue was legally resolved *-1 by a settlement between Italy and King Idris , deposed * by Col. Muammar Gadhafi in 1969] .
- [ARG1 Canadian Indians are taking five countries to court in a bid * to stop low military flights over their homes] , [ARG0 the Dutch Defense Ministry] [rel said] 0 *T*-1 .
- [ARG1 Representatives of the Inuit and Cree peoples living in Quebec and Labrador in northeastern Canada told the ministry of the planned action at a meeting] , [ARG0 a ministry spokesman] [rel said] 0 *T*-1 .
- [ARG1 They also wanted *-1 to prevent a NATO training base being built * in the region] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 The action , in the Canadian Federal Court , will be against Canada , the Netherlands , West Germany , Britain and the U.S.] , [ARG0 the ministry spokesman] [rel said] 0 *T*-1 .
- [ARG1 Japan suspended imports of French mushrooms after *-2 finding some contaminated by radiation] , [ARG0 an official of the Ministry of Health and Welfare] [rel said] 0 *T*-1 .
- [ARG1 Japan has been testing imported food from Europe since the April 1986 Chernobyl accident in the Soviet Union] , [ARG0 the spokesman] [rel said] 0 *T*-1 .
- The Venice city council is battling plans * to tap huge gas fields off the coast that [ARG0 it] [rel says] [ARG1 0 *T*-1 will speed up the city 's slow sinking into its lagoon] .
- [ARG0 Alarmed councilors] [rel say] [ARG1 0 the project could jeopardize costly efforts * to stop *RNR*-2 , or slow down *RNR*-2 , the subsidence that *T*-1 makes Venice subject to regular and destructive flooding] .
- Their tone was good-natured , with Mr. Packwood saying 0 he intended *-1 to offer the proposal again and again on future legislation and [ARG0 Sen. Mitchell] [rel saying] [ARG1 0 he intended *-2 to use procedural means *-3 to block it again and again] .
- [ARG0 AGIP] refused *-1 to reconsider and [rel says] [ARG1 0 drilling is due *-2 to start early next year] .
- `` [ARG1 It 's unlikely 0 * extracting the gas will cause subsidence] , '' [rel says] *T*-1 [ARG0 a spokeswoman] .
- [ARG1 Thieves stole a 12th century fresco from an abandoned church in Camerino , Italy , by *-3 removing the entire wall on which the work had been painted *-1 *T*-4] , [ARG0 police] [rel said] 0 *T*-2 ... .
- Their tone was good-natured , with [ARG0 Mr. Packwood] [rel saying] [ARG1 0 he intended *-1 to offer the proposal again and again on future legislation] and Sen. Mitchell saying 0 he intended *-2 to use procedural means *-3 to block it again and again .
- And [ARG0 Democrats , who *T*-1 are under increasing pressure *ICH*-2 from their leaders * to reject the gains-tax cut ,] are finding reasons * to [rel say] [ARG1 no] , [ARGM-ADV at least for now] .
- [ARG1 Total Assets Protection Inc. , *-1 rebounding from its earlier loss , expects *-1 to report earnings from operations of about $ 200,000 *U* for the third quarter] , [ARG0 J.C. Matlock , chairman ,] [rel said] 0 *T*-2 .
- `` [ARG1 They contend 0 it is based *-1 on an assumption that *T*-3 has not yet been proven *-2 in valid tests] , '' [ARG0 the Tribune] [rel said] *T*-4 .
- [ARG0 Parker Hannifin Corp.] [rel said] [ARG1 0 it agreed *-1 to sell its three automotive parts divisions to a management-led investor group for $ 80 million *U*] .
- [ARG0 Parker officials] [rel said] [ARG1 0 the company is selling the units *-1 to focus on its other businesses] .
- [ARG0 Stephen A. Wynn , who *T*-1 owns 29.4 % of Golden Nugget 's shares ,] [rel says] [ARG1 0 the Mirage and other projects will help Las Vegas attract a whole new generation of visitors] .
- `` [ARG1 If you create a wonderment , if you create something so exciting that the public dreams of *-2 being part of it , then they 'll come] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Traffic is certainly a concern , as is pollution , water and an adequate labor market *?*] , '' [rel says] *T*-1 [ARG0 Frank Sain , executive director of the Las Vegas Convention and Visitors Bureau] .
- `` [ARG1 If you build a better mousetrap , it will catch more mice] , '' [rel says] *T*-1 [ARG0 Fred Benninger , chairman of MGM Grand] .
- `` [ARG1 I 'd love it if my daughter had something else 0 * to do *T*-2 here] , '' [rel says] *T*-1 [ARG0 Ms. Cokely] , [ARGM-ADV watching seven-year-old Kristin on the water slide at the Strip 's Wet 'n' Wild water park] .
- `` [ARG1 Two generations ago , Dad came to Las Vegas by himself for a little diversion] , '' [rel says] *T*-1 [ARG0 Van Heffner , executive vice president of the Nevada Hotel and Motel Association] .
- `` [ARG1 There 's probably going *-3 to be some pressure on occupancy and room rates over the next year , but after that you should see the market return to 80%-plus occupancy and regular rates] , '' [rel says] *T*-2 [ARG0 Paul Rubeli , casino executive at Ramada Inc. , which *T*-1 runs the Tropicana] .
- [ARG0 Competitors and analysts] [rel say] [ARG1 that among large existing properties Bally Manufacturing Corp. 's Bally Grand hotel-casino probably will be hardest hit *-1 among major properties] .
- [ARG1 It has a `` great location , but they 're going *-1 to have some real problems when everyone around them opens *T*-2] , '' [rel says] 0 *T*-3 [ARG0 Daniel Lee , a Drexel analyst] .
- [ARG1 Any hotel-casino without a strong identity will get whacked *-2 by the new competition] , [rel says] 0 *T*-1 [ARG0 Glenn Schaeffer , senior vice president of Circus Circus] .
- `` [ARG1 If you do n't know what you are *T*-1 , bigger wo n't make you better] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 Its castle] , [ARG0 Mr. Schaeffer] [rel says] 0 *T*-1 , will be `` the most compelling piece of folk architecture ever built * . ''
- `` [ARG1 More rooms are n't the answer for us] , '' [rel says] *T*-1 [ARG0 Caesars World chairman Henry Gluck] .
- `` [ARG1 There 's still room for boutique properties] , '' [rel says] *T*-1 [ARG0 James Barrett , president of MarCor Resorts Inc] .
- `` [ARG1 The days when when the thrust of casinos was all high rollers , with no windows and clocks and lots of red and black decor , *T*-2 are gone] , '' [ARG0 Mr. Sain of the visitors ' bureau] [rel says] *T*-1 .
- [ARG1 The Floral Park , N.Y. , thrift has a strong capital-to-assets ratio] , [rel said] 0 *T*-1 [ARG0 Vice President Michael D.N. Confer] .
- [ARG0 Article I , Section 7 , Clause 3] [rel says] [ARG1 that whether it 's called *-1 an `` order , resolution or vote '' or anything else , Presidents must have the chance * to veto] .
- * Finding a test case should n't be hard , but there is [ARG0 something] 0 *T*-2 to be [rel said] *-1 [ARGM-ADV for * picking the best one possible] .
- [ARGM-ADV *-1 Commenting on the budget mess this week] , [ARG0 President Bush] [rel said] : `` [ARG1 The perception out there is that it 's the fault of Congress] .
- [ARG0 Vice President Quayle and Budget Director Darman] [rel said] [ARGM-TMP recently] [ARG1 0 they 've joined the search] .
- [ARGM-DIS Yet] [ARGM-ADV * to pay that interest bill] , [ARG0 analysts] [rel say] [ARG1 0 SCI TV will only produce about $ 80 million to $ 90 million *U* of cash flow a year *T*-1] .
- [ARG0 They] [ARGM-TMP immediately] termed the proposal inadequate and [rel said] [ARG1 0 the restructuring would not solve the company 's problems] .
- `` [ARG1 I think 0 the current plan is sufficiently flawed in a sufficient number of bondholders ' eyes that substantial revisions will be required *-1 * to get it done] , '' [rel says] *T*-2 [ARG0 analyst Craig Davis of R.D. Smith & Co. here] .
- [ARGM-DIS But] [ARG0 a spokesman for KKR] [rel says] [ARG1 that with only a 15 % equity stake , it *EXP*-1 would n't be appropriate for KKR to keep board representation] .
- [ARG0 Real estate analyst Lloyd Lynford] [rel says] [ARG1 0 the Northeast 's distress is masked *-1 by relatively low vacancy rates] .
- `` [ARG1 We were disappointed 0 we could n't use wood] , '' [rel says] *T*-1 [ARG0 architect Walter J. Richardson] , `` but the Japanese only want stronger materials . ''
- `` [ARG1 One of the difficulties 0 people in real estate have *T*-1 is that each product is like * starting a new company , or starting a new line in the fashion business] , '' [rel says] *T*-2 [ARG0 L. Robert Lieb president of Mountain Development Corp. in West Paterson , N.J] .
- [ARG0 Developer Steve Caspi] [rel says] [ARG1 0 the same brand name indicates consistent quality , `` regardless of location , design or amenities] . ''
- `` [ARG1 I think 0 there 's a disease called * buyer 's regret , and I 'm sure 0 it 's running *-2 rampant at this moment , but it gets cured *-3 in a short period of time] , '' [rel says] *T*-1 [ARG0 Kenneth Leventhal , co-managing partner of Kenneth Leventhal & Co. , a Los Angeles accounting firm specializing in real estate] .
- `` [ARG1 The message is 0 we build 'em right] , '' [rel says] *T*-1 [ARG0 Peter Bedford , a California developer and officer at Urban Land Institute] .
- [ARG1 Many troubled properties have n't been foreclosed on *-2 and are hard 0 * to identify *T*-4] , [rel says] 0 *T*-3 [ARG0 Albert I. Berger , who *T*-1 heads the Secaucus , N.J. , office of Helmsley-Spear Inc. , a real estate brokerage] .
- `` [ARG1 The -LCB- stones -RCB- that *T*-2 were irradiated *-1 in the U.S. are safe] , '' [rel says] *T*-3 [ARG0 John Hickey , chief of the NRC operations branch , Washington] .
- `` [ARG1 It *EXP*-1 's a misconception that physical fitness is something for the young and middle-aged] , '' [rel says] *T*-2 [ARG0 Michael Pacholik , sales manager of the LA Fitness club , Diamond Bar , Calif] .
- [ARG1 Family-owned firms that *T*-1 need cash * to grow are attractive] , [rel says] 0 *T*-2 [ARG0 John Turner of Matuschka Gruppe , Munich] .
- [ARG1 About 10 % to 15 % *U* of members at Atlanta 's Holiday Espre Center are elderly] , [rel says] 0 *T*-1 [ARG0 Gerald Williams , fitness consultant] .
- [ARG0 A Modern Healthcare magazine article] [rel says] [ARG1 0 40 % of surveyed executives admitted *-1 falling *-2 asleep during formal presentations] ... .
- `` [ARG1 Clubs need *-1 to be run *-4 like restaurants where every square foot makes a dollar *T*-2] , '' [ARG0 he] [rel says] *T*-3 .
- [ARG0 Kemper officials] declined *-2 to identify the firms but acknowledged a long-simmering dispute with four securities firms and [rel said] [ARG1 0 the list of brokers 0 it wo n't do business with *T*-3 may be lengthened *-1 in the months ahead] .
- `` [ARG1 We 've been opposed to '' index arbitrage `` for a long time] , '' [rel said] *T*-2 [ARG0 Stephen B. Timbers , chief investment officer at Kemper , which *T*-1 manages $ 56 billion *U* , including $ 8 billion *U* of stocks] .
- [ARGM-ADV While Mr. Timbers explained 0 he 's `` not totally convinced 0 index arbitrage changes the overall level of the stock market] , '' [ARG0 he] [rel said] [ARG1 that `` on an intraday basis , it has major effects] .
- They said , ` Too bad , ' so [ARG0 we] [ARGM-TMP finally] [rel said] [ARG1 0 we 're not going *-1 to do business with them] . ''
- [ARG0 They] [rel said] , ` [ARG1 Too bad] , ' so we finally said 0 we 're not going *-1 to do business with them . ''
- `` [ARG1 The New York Stock Exchange has vested interests '' in its big member securities firms `` that *T*-1 cloud its objectivity] , '' [ARG0 Mr. Timbers] [rel said] *T*-2 .
- [ARG1 Small investors perceive that `` big operators '' dominate the market] , [rel said] 0 *T*-1 [ARG0 Thomas O'Hara , chairman of the National Association of Investors and head of the exchange 's Individual Investors Advisory Committee set up after the 1987 crash] .
- `` [ARG1 The impression 0 I 've got *T*-1 is 0 they 'd love *-2 to do away with it -LCB- program trading -RCB- , but they -LCB- the exchange -RCB- ca n't do it] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG0 Big Board Chairman John J. Phelan] [rel said] [ARGM-LOC in a recent interview] [ARG1 that he has no inclination * to eliminate program trading] .
- [ARG0 He] [rel said] [ARG1 0 the market 's volatility disturbs him , but that all 0 the exchange can do *T*-1 is `` slow down the process '' by *-2 using its circuit breakers and shock absorbers] .
- `` [ARG1 We continue *-2 to believe 0 the position 0 we 've taken *T*-1 is reasonable] , '' [ARG0 a Morgan Stanley official] [rel said] *T*-3 .
- `` [ARG1 We would stop index arbitrage when the market is under stress *T*-1 , and we have *?* recently] , '' [ARG0 he] [rel said] *T*-2 , [ARGM-ADV *-3 citing Oct. 13 and earlier this week] .
- [ARG0 Michael Carpenter , president and chief executive officer at Kidder Peabody ,] [rel said] [ARGM-LOC in a recent interview] , `` [ARG1 We do n't think that index arbitrage has a negative impact on the market as a whole] . ''
- `` [ARG1 It 's all 0 anybody wants *-3 to talk about *T*-2] , '' [rel says] *T*-1 [ARG0 Richard Posner , executive vice president for Credit Exchange Inc. , a leading credit service] .
- `` [ARG1 The dress business has always been a gamble , but it 's never been like this] , '' [rel says] *T*-2 [ARG0 Mr. Levy , president of St. Gillian Group Ltd. , which *T*-1 has become a hot name thanks to a campaign of sexy TV commercials] .
- `` [ARG1 The few million dollars 0 I could lose *T*-3 today is nothing against what I could lose *T*-2 on the spring line] , '' [rel says] *T*-4 [ARG0 Mr. Levy , who *T*-1 estimates that Campeau stores will sell $ 25 million *U* worth of his clothes this year] .
- `` [ARG1 This is especially true for spring merchandise] , '' [rel says] *T*-1 [ARG0 Jim Rindos , credit manager at Bernard Sands] .
- `` [ARG1 Payments are good right now , but we are n't recommending any long-term lines of credit] , '' [rel says] *T*-2 [ARG0 Richard Hastings , a retail credit analyst ,] [ARGM-ADV *-3 referring to credit lines which *T*-1 make inventory purchases automatic] .
- [ARGM-CAU Because of those concerns] , [ARG0 some manufacturers] [rel say] [ARG1 0 they will ask for letters of credit before *-1 shipping spring merchandise] .
- `` [ARG1 We 're being paid *-1 today , but we 're worried about tomorrow and will want '' letters of credit] , [rel says] 0 *T*-4 [ARG0 the sales director at one major dress maker who *T*-3 asked *-5 not to be identified *-2] .
- [ARG0 Howard Bloom , president of the dress firm Chetta B Inc. ,] [rel says] : `` [ARG1 It 's big time chaos today] .
- [ARG0 Carol Sanger , vice president , corporate communications at Campeau ,] [rel says] [ARG1 that all of the Federated and Allied chains are paying their bills in a timely manner] .
- `` [ARG1 They continue *-1 to pay their bills and will do so] , '' [rel says] *T*-2 [ARG0 Ms. Sanger] .
- `` [ARG1 Everybody is worried about the possibility of cancellations] , '' [rel says] *T*-1 [ARG0 Kurt Barnard , publisher of Barnard 's Retail Marketing Report] .
- `` [ARG1 Right now , Federated owes us a considerable amount of money] , '' [rel says] *T*-1 [ARG0 Morris Marmalstein , president of David Warren Enterprises , a major dress manufacturer] .
- `` [ARG1 It 's become a day-by-day business] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Bud Konheim , president of Nicole Miller Inc. ,] [rel says] [ARG1 0 his company is now shipping only to the flagship stores of the Federated and Allied chains] .
- [ARG1 This limits his financial exposure] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 The branches are just warmed over , empty halls] , '' [rel says] *T*-1 [ARG0 Mr. Konheim] .
- `` [ARG1 Many of the branches are very lucrative] , '' [ARG0 she] [rel says] *T*-1 .
- [ARGM-DIS As for Mr. Levy at St. Gillian] , [ARG0 he] [rel says] [ARG1 0 he will maintain his credit lines with the various Campeau stores unless they miss a payment] .
- `` [ARG1 If they slip for 10 cents for 10 minutes , I 'll stop] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 However , in spite of the difficult industrywide environment of high cost and low volume , Bethlehem `` had pretty good earnings numbers] , '' [rel said] 0 *T*-1 [ARG0 Michelle Galanter Applebaum , an analyst with Salomon Brothers Inc] .
- [ARG0 Ms. Applebaum] had estimated third-quarter earnings of 55 cents a share , but [rel said] [ARG1 0 the losses for the unusual items were larger than *?* expected] .
- [ARG0 The company] [rel said] [ARG1 0 its shipments declined as a result of a reduction in inventories by service centers , a lackluster automotive market and increasing competitive pressures in the construction market] .
- `` [ARG1 We anticipate that steel market conditions will exhibit a further moderate decline in the fourth quarter as the automotive sector remains weak and customers continue *-1 to adjust inventories] , '' [rel said] *T*-2 [ARG0 Bethlehem Chairman Walter F. Williams] .
- [ARG0 Armco , hampered * by lower volume in its specialty steel business ,] [rel said] [ARG1 0 third-quarter net income dropped 8 % to $ 33 million *U* , or 35 cents a share , from $ 36 million *U* , or 39 cents a share in the year-ago quarter] .
- [ARGM-ADV Along with reduced volume] , [ARG0 analysts] [rel said] [ARG1 0 the nation 's fifth largest steelmaker was hurt *-1 by *-1 holding higher-cost inventory when raw material costs of such key products as nickel dropped *T*-2] .
- [ARGM-DIS Moreover] , [ARG0 the company] [rel said] [ARG1 0 higher sales and shipments to service centers from its Armco Steel Co. joint venture failed *-1 to offset weakness in the automotive market , higher production costs and a poorer product mix] .
- `` [ARG1 It does n't bode well for coming quarters] , '' [rel said] *T*-2 [ARG0 John Jacobson , who *T*-1 follows the steel industry for AUS Consultants] .
- [ARG0 International Business Machines Corp.] [rel said] [ARG1 0 it agreed *-1 to let Motorola Inc. participate in a semiconductor research project as part of its effort * to bolster the U.S. semiconductor industry] .
- And [ARG0 IBM] [rel said] [ARG1 0 it expects the costs to continue *-1 climbing] .
- [ARG0 IBM , which *T*-2 made the announcement at the dedication of a research center here ,] [rel said] [ARG1 0 it invited many other companies *ICH*-3 *-1 to participate as well , including some from Europe] .
- [ARG0 IBM] , which *T*-1 [rel said] [ARG1 0 Motorola is paying just a nominal fee * to cover the 21-month agreement] , acknowledged 0 some companies had turned down its invitation * to join in .
- [ARGM-DIS But] [ARG0 it] [rel said] [ARG1 0 that was mainly because the project may not bear fruit until the mid-1990s] .
- [ARG0 IBM] [rel said] [ARG1 0 it thought 0 more companies would become interested as the project progresses] .
- [ARG0 Jack Kuehler , IBM 's president ,] [rel said] [ARG1 0 IBM is also considering *-1 letting other companies participate in additional semiconductor work] but declined *-2 to be more specific .
- [ARG0 IBM] , which *T*-1 [rel said] [ARGM-TMP a year ago] [ARG1 0 it was inviting companies *-3 to participate in some semiconductor work] , has become far more open about its technology as it has tried *-4 to rally U.S. industry *-5 to head off the Japanese , who *T*-2 now dominate the market for dynamic random access memory chips .
- [ARG0 IBM] [ARGM-DIS also] [rel said] [ARG1 0 it expects *-2 to benefit from the expertise that Motorola and other companies can bring *T*-1 * to bear on the difficult problems involved * in semiconductor manufacturing] .
- [ARG0 IBM] [rel said] [ARG1 0 it expects industrywide efforts to become prevalent because semiconductor manufacturing has become so expensive] .
- [ARG1 The airborne system operates *-1 independent of ground-based radar systems , *-1 informing pilots of nearby aircraft] , [ARG0 Allied-Signal] [rel said] 0 *T*-2 .
- [ARGM-ADV In a stunning shift in direction] , [ARG0 Provigo Inc.] [rel said] [ARG1 0 it will sell all its non-food operations *-1 to concentrate solely on its retail and wholesale grocery business] .
- `` [ARG1 I think 0 it 's a pretty positive development] , '' [rel said] *T*-1 [ARG0 Ross Cowan , a financial analyst with Levesque Beaubien Geoffrion Inc.] , of [ARG3-of the decision * to concentrate on groceries] .
- `` [ARG1 The non-food operations were largely Mr. Lortie 's creation -LCB- and -RCB- his strategy did n't work] , '' [rel said] *T*-1 [ARG0 Steven Holt , a financial analyst with Midland Doherty Ltd] .
- [ARG0 Mr. Nadeau] [rel said] [ARG1 0 he could n't yet say if the sale prices would match book values] .
- Mr. Nadeau said 0 [ARG0 he] [ARGM-MOD could] [ARGM-NEG n't] [ARGM-ADV yet] [rel say] [ARG1 if the sale prices would match book values] .
- [ARG0 He] [rel said] [ARG1 0 all three non-food operations are profitable] .
- [ARG0 Mr. Nadeau] [rel said] [ARG1 0 discussions *ICH*-1 are under way with potential purchasers of each of the units] .
- [ARG0 Mr. Nadeau] [rel said] [ARG1 0 he intends *-3 to remain Provigo 's chief executive only until the non-food businesses are sold *-1 , after a which a new chief executive will be named *-2 *T*-4] .
- [ARG0 Bertin Nadeau , newly appointed chairman and interim chief executive of Provigo ,] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 if Mr. Lortie was asked *-1 to leave] .
- `` [ARG1 Mr. Lortie] felt less pertinent , '' [ARG0 Mr. Nadeau] [rel said] 0 *T*-1 , given the decision * to dump Provigo 's non-food operations .
- [ARGM-LOC At a news conference] , [ARG0 Mr. Nadeau] [rel said] [ARG1 0 the sale of the three non-food businesses , which *T*-2 account for nearly half the company 's C$ 900 million *U* in assets , should be completed *-1 in a `` matter of months] . ''
- `` [ARG1 The ` r ' word is looming again] , '' [rel says] *T*-1 [ARG0 one dealer] , [ARGM-ADV *-2 referring to persistent concern among some market analysts that the U.S. economy is heading toward a major slowdown if not a recession] .
- [ARG0 Traders] [rel said] [ARG1 that Mr. Greenspan , whose statements *T*-1 are ordinarily cautious , was especially careful *-2 to avoid any jarring proclamations , with fears about equities still unnerving financial markets] .
- [ARGM-ADV *-1 Testifying before a panel of the House Banking Committee] , [ARG0 Mr. Greenspan] [rel said] [ARG1 0 the short-term value of the dollar on foreign-exchange markets is n't the primary policy focus of the central bank] .
- `` [ARG1 Our essential focus is on domestic policy] , '' [ARG0 Mr. Greenspan] [rel said] *T*-2 , [ARGM-ADV *-1 referring to the goals of price stability and a stable economy] .
- [ARG0 Lawrence Insurance Group Inc.] [rel said] [ARG1 0 it acquired United Republic Reinsurance Co. , a Houston property and casualty reinsurance company , from United Savings Association of Texas for $ 28 million *U*] .
- [ARG1 Lawrence Insurance underwrites mostly primary insurance] , [ARG0 a company spokesman] [rel said] 0 *T*-1 .
- [ARG0 Levi Strauss Associates Inc. , the closely held owner of Levi Strauss & Co. ,] [rel said] [ARG1 0 its fiscal third-quarter earnings jumped to $ 128.6 million *U* from $ 31.3 million *U* a year earlier , *-1 aided *-2 by a $ 69.8 million *U* gain from the sale of stock in a Japanese subsidiary] .
- [ARG0 The company] [rel said] [ARG1 0 its quarterly results are now being publicly filed *-1 as the result of the formation earlier this year of employee stock investment plans] .
- `` [ARG1 There 's less likelihood of * creating and completing a transaction without the unions ' cooperation and wage concessions] , '' [rel said] *T*-1 [ARG0 Richard Nye , of Baker , Nye Investments , a New York takeover stock-trader] .
- [ARG0 The pilots ' Mr. Dubinsky] [rel says] [ARG1 0 his union would like majority ownership for employees] .
- [ARGM-DIS On the other hand] , [ARG0 the machinists] have always opposed majority ownership in principle , *-1 [rel saying] [ARG1 0 they do n't think 0 employees should be owners] .
- `` [ARG1 We may be able *-1 to reach a tradeoff where we can accommodate -LCB- the pilot union 's -RCB- concerns and ours *T*-2] , '' [rel said] *T*-3 [ARG0 Brian M. Freeman , the machinists ' financial adviser] .
- [ARG0 Mr. Freeman] [rel said] [ARG1 0 machinists ' union advisers plan *-2 to meet this week *-3 to try *-4 to draw up a blueprint for some form of recapitalization that *T*-1 could include a special dividend for shareholders , an employee stake and , perhaps , an equity investment by a friendly investor] .
- [ARG0 Ms. Browning] [rel says] [ARG1 0 she believes 0 a recapitalization involving employee ownership would succeed only if the pilots relent on their demand for control] .
- `` [ARG1 I think 0 the dynamics of this situation are that something 's got *-2 to happen] , '' [rel said] *T*-1 [ARG0 one official familiar with the situation] .
- [ARG1 The board and UAL 's management] , [ARG0 he] [rel says] 0 *T*-1 , `` ca n't go back '' to business as usual .
- `` [ARG1 United pilots have shown on a number of occasions 0 they are willing and able *-1 to strike] , '' [rel said] *T*-2 [ARG0 an executive at Fuji Bank , one of UAL 's large lenders] .
- [ARG0 America West] would n't identify the entity , but [rel said] [ARG1 0 the payment was for the foreign company 's use of certain tax benefits in connection with America West plane purchases] .
- `` [ARG1 The key to Delta 's record earnings continued *-1 to be excellent passenger revenue growth] , '' [rel said] *T*-2 [ARG0 Thomas Roeck , chief financial officer] .
- [ARG0 Thrift officials] [rel said] [ARG1 0 the $ 300 million *U* reserve will be adjusted *-1 quarterly and will reflect the rate of dispositions and market conditions] .
- [ARGM-PNC For its future strategy] , [ARG0 Columbia officials] [rel said] [ARG1 0 the thrift may branch out into commercial lending or * managing outside investments , as well as * beefing up more traditional thrift activities] .
- [ARG0 Thomas Spiegel , Columbia 's chairman ,] [rel said] [ARGM-LOC in a statement] [ARG1 that the thrift was `` disappointed '' by the effects of the accounting changes] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 Columbia remains `` one of the most strongly capitalized thrifts in the industry , '' based on the economic value of its assets and tangible capital] .
- [ARG0 Columbia officials] [rel said] [ARG1 0 they do n't know how quickly they will dispose of the thrift 's junk bonds *T*-3 , because federal regulations , such as those that *T*-2 would allow thrifts to continue *-4 holding the bonds in separately capitalized subsidiaries , have n't yet been completed *-1] .
- [ARG0 Columbia officials] [ARGM-DIS also] [rel said] [ARG1 0 the thrift should n't face problems *-2 meeting regulatory capital requirements , despite the large reserves and write-downs and stiffer regulatory requirements that *T*-1 should be in place by year 's end] .
- [ARGM-ADV Although many of the transactions related to those securities have n't been completed *-1] , [ARG0 Columbia] [rel said] [ARG1 0 the ultimate gain on the sale of those assets will range from $ 200 million *U* to $ 300 million *U*] .
- [ARG0 Anheuser-Busch Cos.] [rel said] [ARG1 0 it plans *-1 to aggressively discount its major beer brands] , [ARGM-ADV *-2 setting the stage for a potentially bruising price war as the maturing industry 's growth continues *-3 to slow] .
- `` [ARG1 We can not permit a further slowing in our volume trend] , '' [ARG0 Anheuser] [rel said] *T*-2 , [ARGM-ADV *-1 adding 0 it will take `` appropriate competitive pricing actions *-3 to support our long-term market share growth strategy '' for the premium brands] .
- [ARG0 Anheuser] [rel said] [ARG1 0 it continues *-1 to hold to its earlier-announced goal of a 50 % U.S. market share by the mid-1990s] .
- `` [ARG1 Anheuser is the biggest guy in the bar , and he just decided *-1 to join in the barroom brawl] , '' [rel said] *T*-2 [ARG0 Joseph J. Doyle , an analyst with Smith Barney , Harris Upham & Co] .
- [ARG0 Jerry Steinman , publisher of Beer Marketers Insights , a trade newsletter ,] [rel said] [ARG1 0 Anheuser 's announcement means 0 `` everybody else in the industry is going *-1 to have a difficult time *-2 reaching their profit objectives] . ''
- [ARG1 While the third-quarter earnings were a `` moderate disappointment] , '' [ARG0 he] [rel said] 0 *T*-1 , `` the real bad news is the intensity of price competition '' in the premium-beer sector .
- [ARG0 The St. Louis company] [rel said] [ARG1 major rivals , Philip Morris Co. 's Miller Brewing unit and Adolph Coors Co. `` have been following a policy of continuous and deep discounting *ICH*-1 for at least the past 18 months '' on their premium brands , *-2 pricing their product as much as 25 cents a 12-pack below Anheuser 's Budweiser label in many markets] .
- [ARG0 Anheuser] [rel said] [ARG1 0 it 's discounting policy basically would involve * matching such moves by rivals on a market-by-market basis] .
- [ARG0 Anheuser] [rel said] [ARG1 0 its new strategy -- *-2 started *-3 in some markets last month and expected *-3 to be applied *-1 soon in selected markets nationwide -- will mean lower-than-anticipated earnings for the last half of 1989 and for 1990] .
- [ARG0 A trader at Yamaichi Securities] [rel said] [ARG1 0 the market 's mood was undercut *-1 by the continuing fall of Nippon Telegraph & Telephone shares , which *T*-2 declined to their lowest level since the begining of this year] .
- [ARG0 Dealers] [rel said] [ARG1 0 they also took profits *-1 to reduce holdings in their own account at the end of the October transaction period] .
- [ARG0 Dealers] [rel said] [ARG1 0 the market gained some late steam on a flurry of buying by market-makers looking at blue-chip issues and stocks viewed * as oversold during the market 's recent downtrend] .
- [ARGM-LOC Outside what *T*-1 essentially amounted to a bookkeeping exercise] , [ARG0 dealers] [rel said] [ARG1 0 London dealings were largely dulled *-2 by the absence of active interest beyond the market-makers] .
- [ARG0 Dealers] [rel said] [ARG1 0 the shares were hit *-1 by fears of a slowdown in the U.S. economy] .
- `` [ARG1 It was dead , listless , depressing and negative] , '' [rel said] *T*-1 [ARG0 one trader at a U.S. bank in Frankfurt] .
- [ARG1 Equities tumbled at the opening as Tuesday 's gyrations on Wall Street , where the Dow Jones Industrial Average recovered most of an 80-point loss *T*-1 , fueled fears of another stock market crash] , [ARG0 brokers] [rel said] 0 *T*-2 .
- [ARG1 Tough talk from trade union officials at the conference of the powerful IG Metall metals worker union in West Berlin raised the specter of nationwide strikes next spring] , [ARG0 they] [rel said] 0 *T*-1 .
- `` [ARG1 All the positive figures on the economy are out already , and people are focusing more on the dangers for next year , mostly the wage talks and the -LCB- parliamentary -RCB- elections] , '' [ARG0 the U.S. trader] [rel said] *T*-1 .
- [ARG1 The market also shrugged off positive factors , such as higher bond prices and a slowdown in monetary growth in September] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 They] [rel said] [ARG1 0 they expect the bearish mood to persist a while longer , as trading volume is falling toward the end of the year and the market is becoming more volatile] .
- [ARG1 Continental gave up some of its recent gains , *-1 dropping 8 to 338 , as rumors of an impending takeover attempt for the tiremaker faded] , [ARG0 brokers] [rel said] 0 *T*-2 .
- [ARG0 A trader] [rel said] that [ARG1 the more an issue gained *?* recently , the sharper the loss sustained * Wednesday] .
- [ARG0 French chemicals group , Orkem S.A. ,] [rel said] [ARGM-TMP Wednesday] [ARG1 0 it has made a bid for control of Coates Brothers PLC , a British manufacturer of inks and polyester resins] .
- [ARG1 The remainder is held *-1 by the public and by family interests] , [ARG0 a spokeswoman for the French group] [rel said] 0 *T*-2 .
- [ARG0 Orkem] declined *-2 to give details of its offer , *-2 [rel saying] [ARGM-ADV only] [ARG1 that the bid will be submitted *-1 for approval by the board of the British company] .
- `` [ARG1 This is n't a political issue , this is a moral issue] , '' [rel said] *T*-1 [ARG0 Rep. Henry Hyde -LRB- R. , Ill. -RRB- , the most eloquent spokesman for the anti-abortion movement] .
- `` [ARG1 This may not make George Bush a one-term president] , '' [rel said] *T*-1 [ARG0 the Oregon liberal] , [ARGM-ADV *-2 addressing the Republican side of the House] .
- `` [ARG1 Unless he changes , they lose] , '' [rel said] *T*-1 [ARG0 a Democratic leadership aide] .
- [ARG1 Rupert Murdoch acquired a 25 % stake in Grupo Zeta S.A.] , [ARG0 the leading Spanish magazine and newspaper publisher] [rel said] 0 *T*-1 .
- [ARG1 The cash injection boosted Zeta 's capital more than four-fold , to 8.47 billion pesetas from 1.82 billion pesetas , * greatly enhancing the group 's ability * to make investments] , [ARG0 Zeta officials] [rel said] 0 *T*-1 .
- [ARG0 The 400-member Alliance of Floor Brokers] [rel said] [ARG1 0 the new product , with the $ 5 million *U* minimum , will benefit only big institutional investors and could lead to `` wild spasms of volatility] . ''
- [ARG0 Stockbrokers who *T*-1 cater to individual investors] [rel said] [ARG1 0 the Big Board 's new product confirms 0 the exchange does n't want *-2 to curtail program trading , which *T*-3 last month accounted for a record 13.8 % of the exchange 's average daily volume] .
- `` [ARG1 The New York Stock Exchange is losing its cool here] , '' [rel said] *T*-1 [ARG0 James Andrews , head of institutional trading at Janney Montgomery Scott Inc. in Philadelphia] .
- [ARG0 Traders] [rel said] [ARG1 0 major securities firms are reluctant *-1 to become market makers because they fear 0 the baskets may attract only limited trading] .
- [ARG0 Big Board officials] [rel say] [ARG1 0 only 25 contracts a day *ICH*-1 may trade at first , equivalent to a day 's action at a small , regional exchange] .
- Even though [ARG0 the Big Board] [rel says] [ARG1 0 its product represents a post-crash `` reform] , '' some traders suggest that if the new basket had been trading during this month 's Friday the 13th market plunge , the Dow Jones Industrial Average might have dropped more than the 190 points 0 it did *T*-1 .
- [ARG1 With the futures locked * into a trading halt Oct. 13 and trading in some individual stock difficult , program traders would have undoubtedly fled to the basket system] , [ARG0 the traders] [rel say] 0 *T*-1 .
- `` [ARG1 If we had the baskets , we would be leaving in caskets] , '' [ARG0 one trader] [rel said] *T*-1 .
- [ARG0 The SEC 's Mr. Breeden] [rel said] [ARG1 0 the after-hours trading on the Midwest exchange would *-3 help the U.S. win back business that *T*-1 has moved overseas *-2 to conduct after-hours trades] .
- [ARG1 The basket products are `` an evolutionary step '' in * solving problems in * trading big blocks of stock that *T*-1 came to light in the 1987 market crash] , [rel said] 0 *T*-2 [ARG0 SEC Commissioner Joseph Grundfest] .
- [ARG0 New SEC Chairman Richard Breeden] , [ARGM-ADV *-1 overseeing his first public meeting] , [rel said] [ARG1 0 there have been concerns that the Big Board 's basket could attract investors with a `` short-term perspective '' who *T*-2 would rapidly turn over the product , thus *-3 increasing volatility] .
- [ARGM-DIS But] [ARG0 Richard Ketchum , the SEC 's market regulation chief ,] [rel said] [ARG1 0 he did n't believe 0 `` this will spawn dramatic new program-trading strategies that *T*-1 will be destabilizing] . ''
- [ARG0 Comprehensive Care Corp. , which *T*-2 has agreed *-3 to be acquired *-1 by closely held First Hospital Corp. ,] reported a $ 4.7 million *U* loss for its Aug. 31 first quarter and [rel said] [ARG1 0 it is negotiating an extension of senior bank debt past its Oct. 18 due date] .
- [ARG1 Failure * to win such a determination , however , would lead Comprehensive Care directors to `` consider various alternatives] , '' [ARG0 Comprehensive Care] [rel said] 0 *T*-1 , [ARGM-MNR without *-2 elaborating] .
- [ARG0 It] [rel said] , [ARGM-DIS however] , [ARG1 that net income for the two-month period ended * Aug. 31 plunged to $ 150,000 *U* from $ 851,000 *U* in the prior year on a 33 % rise in revenue to $ 21.4 million *U*] .
- [ARG1 Revenue in the latest quarter] fell 17 % to $ 44 million *U* from $ 53.2 million *U* , [ARG0 the company] [rel said] 0 *T*-1 , * reflecting poor utilization of the company 's facilities and its behavioral medicine contracts .
- [ARG0 Comprehensive Care] [rel said] [ARG1 0 First Hospital had advised it that both bank debt and senior notes would be repaid *-1 after the acquisition] , [ARGM-ADV although it is n't assured 0 the acquisition will be completed *-2] .
- [ARGM-ADV If it is n't completed] , [ARG0 Comprehensive Care] [rel said] [ARG1 0 it would be `` required *-1 to promptly restructure its debt] . ''
- [ARGM-ADV As * reported *-1 last month] , [ARG0 Mr. Kass] [rel said] [ARG1 0 he was interested in * making an offer * to buy H.H. Robertson for $ 13 *U* a share] .
- [ARGM-LOC In the SEC filing] , [ARG0 the Kass-Pedone group] [rel said] [ARG1 0 it intends *-1 to acquire additional H.H. Robertson shares `` with a view towards a possible change in control of the company] . ''
- [ARG1 The group also is engaged *-1 in talks with third parties regarding * obtaining financing 0 * to buy more shares *T*-3 , but no agreements have yet been reached *-2] , [ARG0 the filing] [rel said] 0 *T*-4 .
- [ARG1 After *-3 coming close to a partial settlement a year ago , shareholders who *T*-1 filed civil suits against Ivan F. Boesky and the partnerships 0 he once controlled *T*-2 again are approaching an accord] , [ARG0 people familiar with the case] [rel said] 0 *T*-4 .
- [ARG0 Individuals familiar with the negotiations] [rel said] [ARG1 0 the partial settlement being negotiated * would remove the Boesky partnership , the British fund and Mr. Boesky as defendants , while Drexel and other defendants would remain] .
- [ARG0 Charles Davidow , of the Washington , D.C.-based law firm Wilmer , Cutler & Pickering , which *T*-1 represents Mr. Boesky in this matter ,] [rel said] [ARGM-ADV only] [ARG1 that `` discussions are under way] .
- [ARG1 Meanwhile , within the next few weeks , the limited partners in Ivan F. Boesky & Co . L.P. are expected *-1 to reach a partial settlement with Drexel Burnham Lambert Inc. regarding the distribution of the $ 330 million *U* in partnership assets] , [rel said] 0 *T*-2 [ARG0 one of the individuals] .
- This is because [ARG0 a Delaware court] [ARGM-TMP earlier this year] [rel said] [ARG1 that Drexel is entitled *-2 to get its money back before *RNR*-1 or at the same time as *RNR*-1 the limited partners] .
- [ARG1 Under the terms of the settlement , the limited partners would drop their civil suits against Drexel , now pending in federal court in New York] , [ARG0 another individual] [rel said] 0 *T*-1 .
- [ARG0 An individual familiar with the negotiations] [rel said] [ARG1 that whatever investments the limited partners do not recoup *T*-1 from the $ 330 million *U* in partnership assets , they will receive *T*-2 from the $ 350 million *U* restitution fund available as a result of Drexel 's settlement with the government in December 1988] .
- [ARG0 The FBI] had [rel said] [ARG1 0 it would not be able *-1 to begin *-2 processing the request until June]
- [ARGM-DIS But] [ARGM-LOC in federal court in Manhattan] , [ARG0 Judge Patterson] [rel said] [ARG1 0 the FBI records could show that Mr. Ferguson 's arrest was the result of questionable legal practices] .
- [ARG0 The judge] [rel said] [ARG1 that if the FBI 's proposed schedule was followed *-1 in * releasing the documents , `` a delay of over one year will have occurred and plaintiff will have served approximately two-thirds of his 3 1\/2-year minimum sentence by the time 0 he receives the files *T*-2] . ''
- [ARG0 Gabriel W. Gorenstein , the assistant U.S. attorney handling the case for the FBI ,] [rel said] [ARG1 0 no decision *ICH*-1 has been made *-2 about * appealing the judge 's ruling] .
- [ARG0 Attorneys involved * in the talks] [rel said] [ARG1 that the parties were closer to accord than they were *?* a year ago , when reports of an imminent agreement circulated *T*-1] .
- [ARG0 The study] [ARGM-DIS also] [rel said] [ARG1 0 each federal court should set strict time limits for the pretrial exchange of documents and evidence , ranging from as much as 100 days for cases in the fast track to as much as 18 months for complex disputes] .
- [ARG0 One individual] [rel said] [ARG1 0 the shareholders ' accord was `` well worked out *-1] . ''
- [ARGM-DIS And] [ARG0 the study] [rel said] [ARG1 0 federal courts should set firm trial dates early in the process] .
- [ARG1 *-1 To take advantage of local expertise and custom] , [ARG0 the study] [rel said] 0 *T*-2 , Congress should require each of the 94 federal district courts to adopt its own plan * to speed the handling of civil suits and to reduce the high costs in civil cases .
- [ARG0 Businessland Inc.] [rel said] [ARG1 0 it purchased a major regional computer retailer , Data Systems Computer Centre Inc. , Springfield , New Jersey] .
- [ARG0 John Fitzsimmons , chief executive officer of Data Systems ,] [rel said] [ARG1 0 the company was profitable and expected sales of nearly $ 100 million *U* this year] .
- [ARG0 He] [rel said] [ARG1 0 Businessland , which *T*-1 operates stores in 50 U.S. metropolitan areas , planned *-2 to absorb his firm 's operations] .
- [ARG0 Eastman Kodak Co. of Rochester , N.Y. ,] [rel said] [ARG1 0 its Lehn & Fink Products subsidiary was restructured *-1 * to form two operating groups , one for household products such as cleaners and disinfectants and the other for do-it-yourself products such as wood finishes and stains] .
- [ARG0 The Montvale , N.J. , unit] [rel said] [ARG1 0 the new operating structure `` creates a more focused and responsive organization geared * to * effectively managing the size and scope of the unit 's current business] . ''
- [ARG0 Sotheby 's Holdings Inc. , the parent of the auction house Sotheby 's ,] [rel said] [ARG1 0 its net loss for the seasonally slow third quarter narrowed from a year earlier on a leap in operating revenue] .
- [ARG0 The company] [rel said] [ARG1 0 80 % of its auction business is usually conducted *-1 in the second and fourth quarters , with the current quarter having begun `` extremely well] .
- [ARG1 That level of production is n't of much concern as long as demand continues strong] , [ARG0 analysts] [rel said] 0 *T*-1 .
- `` [ARG1 We are n't seeing any cold weather here] , '' [ARG0 Mr. Bolling] [rel said] *T*-1 [ARGM-LOC from New York] .
- [ARG1 As for corn and soybean futures , `` a lot of commission house buying this morning and computer-driven buying '' supported prices in early trading] , [rel said] 0 *T*-1 [ARG0 Steven Freed , a futures analyst with Dean Witter Reynolds Inc. in Chicago] .
- `` [ARG1 Russian ships are arriving in the gulf and there is n't enough grain in the pipeline] , '' [rel said] *T*-1 [ARG0 Katharina Zimmer , a futures analyst with Merrill Lynch & Co. in New York] .
- [ARG1 The Soviet Union has purchased roughly eight million tons of grain this month , and is expected *-1 to take delivery by year end] , [ARG0 analysts] [rel said] 0 *T*-2 .
- And now that the price has fallen below $ 19.65 *U* , which [ARG0 many] had [rel said] [ARG1 0 *T*-1 showed considerable resistance] , some traders and analysts figure 0 there 's little 0 *T*-2 to stop the price from *-3 going lower on technical decisions .
- [ARG0 Several cotton analysts] [rel said] [ARG1 that the move appeared *-1 to be mostly technical] .
- [ARG0 Floor traders] [ARGM-DIS also] [rel said] [ARG1 that the market could have been helped *-2 by rumors , which *T*-1 have been circulating for the past two days , about China purchasing cotton] .
- [ARG0 One floor trader] [rel said] [ARG1 that if there were Chinese purchases , they should have had a bigger effect on the market] .
- [ARG0 Another] [rel said] [ARG1 that if China was a buyer , it would be the earliest 0 that country had made purchases *T*-1 since the 1979-80 crop year , and thus would be a bullish sign] .
- [ARG0 This trader] [rel said] [ARG1 that he thought 0 the market would turn aggressively bullish from a technical standpoint if the December contract was able *-1 to exceed 75.75 cents] .
- [ARG1 With no petroleum-related news or changes in the fundamentals 0 *T*-1 to dictate price moves , `` technicians are wanting *-2 to sell this stuff] , '' [rel said] *T*-3 [ARG0 Eric Bolling of Edge Trading Corp] .
- [ARG0 Harry Schwartz , a soft commodity specialist for Cargill Investors Services in New York ,] [rel said] [ARG1 0 the only report 0 Ghana has issued *T*-1 about the arrival of cocoa from the interior was for 7,839 metric tons as of Oct. 12] .
- [ARG0 He] [rel said] [ARG1 that if little cocoa actually has arrived at the ports , shipping delays could result] .
- [ARG1 This is the worry that *T*-1 probably brought steadiness to the market earlier in the week] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 Joseph W. Robertson , 61 , was dismissed *-1 from those posts] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 American Medical International Inc.] [rel said] [ARG1 0 it has n't received any other offers * to acquire the owner and operator of hospitals] , and took another step toward completion of its $ 3 billion *U* acquisition by IMA Holdings Corp .
- [ARG1 The downgrade anticipates completion of the IMA Holdings acquisition today] , [ARG0 Moody 's] [rel said] 0 *T*-1 .
- [ARG0 The ratings concern] [rel said] [ARG1 0 the acquisition should result in pretax losses from operations because of increases in interest expense and charges for depreciation and amortization , but that it expects the losses to be reduced *-1 through productivity gains and above average growth of the company 's hospitals] .
- [ARG0 Moody 's] [rel said] [ARG1 0 the ratings anticipate a successful debt-reduction program and modest improvement in discretionary cash flow because of planned asset sales] .
- [ARG0 An American Medical spokeswoman] [rel said] [ARG1 0 the Moody 's downgrading was expected *-1 because of the nature of the takeover] .
- [ARGM-TMP Earlier] , [ARG0 American Medical] [rel said] [ARG1 0 it had been approached *-1 again by two other possible suitors , whom it would n't identify *T*-3 but who *T*-2 had previously submitted bids for the company] .
- [ARGM-TMP Yesterday] , [ARG0 American Medical] [rel said] [ARG1 that the two other parties told the company that they do n't have any current intention of *-1 making a takeover bid] .
- [ARG0 American Medical] [rel said] [ARG1 0 its directors have approved what *T*-1 is , in effect , a draft of a solvency opinion on the acquisition , submitted * by the Los Angeles-based investment banking and evaluation consulting firm of Houlian Lokey Howard & Zukin Inc] .
- [ARG0 Bay Financial Corp. , Boston , which *T*-2 has been reporting big losses and warning of a possible bankruptcy-law filing ,] [rel said] [ARG1 0 it was sued *-1 by a holder] .
- [ARG0 The real estate investment trust] [rel said] [ARG1 0 the `` purported class action suit , '' seeks `` damages and other remedies under federal securities law and state law] . ''
- [ARG0 Gerald E. Wilson , corporate secretary and legal counsel ,] [rel said] [ARG1 0 the company would n't disclose further details] .
- [ARG0 It] has [rel said] [ARG1 0 it might seek bankruptcy-court protection from creditor lawsuits if it ca n't renegotiate its borrowings] .
- [ARG0 Torchmark] [ARGM-DIS also] [rel said] [ARG1 that Samuel E. Upchurch Jr. , 37 , vice president and general counsel , was selected *-2 to serve the remainder of the term vacated * by John S.P. Samford , who *T*-1 resigned as director] .
- [ARG0 The giant foods , tobacco and brewing company] [rel said] [ARG1 0 it will issue common-share purchase rights to shareholders of record Nov. 8] .
- [ARG1 The board is n't aware of any attempts * to take over Philip Morris] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Beghin-Say S.A.] [rel said] [ARG1 that it plans *-1 to sell its remaining paper operations by the end of January as part of a drive * to refocus on the food sector and lower its debt] .
- [ARG0 Beghin-Say] [rel said] [ARG1 0 the sale will be done *-1 in two parts and will raise a total of 2.025 billion francs -LRB- $ 325 million *U* -RRB-] .
- [ARG0 The unit] [rel said] [ARG1 0 it can provide no assurance 0 a transaction will occur] .
- [ARG0 Industry officials and congressional aides] [rel said] [ARG1 that the main points of a compromise defense authorization bill , hammered * out during a flurry of private meetings over the past few days , provide a face-saving compromise for both the White House and House Democrats] .
- The final B-2 agreement is certain *-1 to require detailed testing and verification of the bomber 's capabilities , but [ARG0 congressional aides] [rel said] [ARG1 0 the accord wo n't include a House-passed provision that *T*-3 would have withheld production funds until Congress approves a cheaper , scaled-down version of the $ 70 billion *U* fleet of 132 B-2s envisioned * by the Pentagon] .
- [ARG0 The Menlo Park , Calif. , company] [rel said] [ARG1 0 net was $ 7.4 million *U* , or 22 cents a share , down from $ 32.3 million *U* , or 86 cents a share , a year ago] .
- [ARG1 Profit also suffered because of `` intense '' discounting in its long-haul trucking business] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 They have *-1 to continue *-2 to tighten their belts] , '' [rel said] *T*-3 [ARG0 Craig Kloner , an analyst at Goldman , Sachs & Co] .
- [ARG0 Traders] [rel said] 0 program activity was n't in evidence through most of the session , however , and [ARG1 Big Board volume dropped to 155,650,000 shares from about 238 million Tuesday as concerns about the potential for additional sharp swings in the market kept other trading in check] .
- [ARG0 Traders] [rel said] [ARG1 0 program activity was n't in evidence through most of the session , however] , and Big Board volume dropped to 155,650,000 shares from about 238 million Tuesday as concerns about the potential for additional sharp swings in the market kept other trading in check .
- [ARG1 Our phones are quiet around here] , '' [rel said] *T*-1 [ARG0 Don R. Hays , director of investment strategy at Wheat First Butcher & Singer Inc. , Richmond , Va] .
- Its third-quarter earnings were lower than analysts had forecast *?* , and [ARG0 the company] [rel said] [ARG1 0 it had lowered its projections for earnings growth through the end of 1990 because of planned price cuts] .
- [ARG0 The company] reported a third-quarter loss and [rel said] [ARG1 0 it is holding talks with its bank lenders for an extension on some overdue debt payments] .
- [ARG0 Coniston] [rel said] [ARG1 0 it would pursue `` various financing alternatives] . ''
- Di Giorgio gained 1 to 30 3\/4 after [ARG0 the company] [rel said] [ARG1 0 it is starting negotiations with unidentified parties interested in * acquiring its units] .
- [ARG0 The partnership , which *T*-1 had solicited takeover offers ,] [rel said] [ARG1 0 it failed *-2 to receive any adequate bids for all of its operations but is reviewing offers for individual properties] .
- `` [ARG1 It 's an explosive cocktail '' thrown * at the world] , [rel says] 0 *T*-1 [ARG0 Kenneth Courtis , senior economist at the Tokyo unit of Deutsche Bank Group] .
- [ARG1 The investment boom] is mainly sparked *-1 , [ARG0 they] [rel say] 0 *T*-2 , by strong domestic demand and is n't likely *-1 to increase exports sharply .
- [ARG0 The manufacturers] [rel said] [ARG1 0 14.2 % of their spending is designed *-1 to improve products or add new ones , 17.5 % is * to cut costs , 12.5 % is for research and development , and the rest is for maintenance and other purposes] .
- `` [ARG1 If there 's a further drive * to export] , '' [rel says] *T*-1 [ARG0 Nobuyuki Arai , an economist at the Japan Development Bank] , `` that 'll be a problem . ''
- `` [ARG1 The boom] 's so huge , '' [rel says] *T*-1 [ARG0 Mitsuru Saito , an economist at Sanwa Research Institute] , `` 0 it makes you think of the Golden '60s , '' when Japan developed rapidly *T*-2 .
- `` [ARG1 One dealer told me that if he had more cars , he 'd sell them right away] , '' [rel says] *T*-1 [ARG0 Takuro Endo , Nissan executive vice president] .
- [ARG1 Besides , Daikin 's major competitors , Hitachi Ltd. and Mitsubishi Heavy Industries Ltd. , `` are all adding production lines] , '' [ARG0 a Daikin spokesman] [rel says] 0 *T*-1 .
- `` [ARG1 It *EXP*-1 's important * to gain leadership] , '' [ARG0 a Toshiba spokesman] [rel says] *T*-2 .
- [ARG1 The new chip plants `` wo n't be excessive investment] , '' [rel says] 0 *T*-1 [ARG0 Hajime Sasaki , an NEC vice president] .
- [ARG1 If excess capacity develops] , [ARG0 they] [rel say] 0 *T*-1 , not everyone will suffer .
- [ARG0 Benjamin Franklin Federal Savings & Loan Association] [rel said] [ARG1 0 it plans *-1 to restructure in the wake of a third-quarter loss of $ 7.7 million *U* , or $ 1.01 *U* a share , reflecting an $ 11 million *U* addition to loan-loss reserves] .
- [ARG0 The Portland , Ore. , thrift] [rel said] [ARG1 0 the restructuring should help it meet new capital standards from the Financial Institution Reform , Recovery and Enforcement Act] .
- [ARG0 The company] [rel said] [ARG1 0 the restructuring 's initial phase will feature a gradual reduction in assets and staff positions] .
- [ARGM-TMP Initially] , [ARG0 the company] [rel said] [ARG1 0 it will close its commercial real-estate lending division , and stop *-2 originating new leases at its commercial lease subsidiary *T*-1] .
- [ARG1 Details of the restructuring wo n't be made *-1 final until regulators approve the regulations mandated * by the new federal act] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Jay Stevens , an analyst with Dean Witter Reynolds ,] [rel said] [ARG1 0 he expected the Sunnyvale , Calif. , company to earn 35 cents a share for the quarter] and said 0 the firm 's weaker profit was partly the result of increased competition from International Business Machines Corp. , Amdahl 's principal competitor for mainframe sales .
- [ARG0 Jay Stevens , an analyst with Dean Witter Reynolds ,] said 0 he expected the Sunnyvale , Calif. , company to earn 35 cents a share for the quarter and [rel said] [ARG1 0 the firm 's weaker profit was partly the result of increased competition from International Business Machines Corp. , Amdahl 's principal competitor for mainframe sales] .
- [ARG1 The cash dividend paid * on the common stock also will apply to the new shares] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 The move rewards shareholders and should improve the stock 's liquidity] , [ARG0 Oneida] [rel said] 0 *T*-1 .
- [ARG1 It should have happened sooner] , '' [rel said] *T*-2 [ARG0 Elizabeth Glaser , a Los Angeles mother and activist who *T*-1 contracted the AIDS virus through a blood transfusion , and transmitted it to two of her children] .
- `` [ARG1 I could get AZT] , '' [rel says] *T*-2 [ARG0 Mrs. Glaser , who *T*-1 bears her infection without any symptoms] .
- `` [ARG1 While I 'm pleased 0 the FDA is finally releasing AZT for children , it *EXP*-1 's taken much too long * to get to this point] , '' [rel said] *T*-2 [ARG0 Rep. Ted Weiss] .
- `` [ARG1 There 's no finger 0 *T*-2 to be pointed *-1] , '' [ARG0 she] [rel said] *T*-3 .
- `` [ARG1 It *EXP*-3 's impossible * to overstate how much this means *T*-4 to the families of these patients] , '' [rel said] *T*-1 [ARG0 Samuel Broder , director of the National Cancer Institute and a main developer of AZT] .
- [ARG0 AVON RENT-A-CAR & TRUCK Corp.] [rel said] [ARG1 0 it declared a dividend of one warrant for each three shares of common stock] .
- [ARG1 About 1.1 million Class C warrants were issued *-1] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Avon] [ARGM-DIS also] [rel said] [ARG1 0 it will issue an additional 243,677 of the Class C warrants to holders of its Class A , Class B and unclassified warrants] .
- [ARG0 Fed Chairman Greenspan] [rel said] [ARG1 0 the central bank can wipe out inflation without *-1 causing a recession , but * doing so will inflict short-term pain] .
- [ARG0 GM 's Hughes Electronics unit] [rel said] [ARG1 0 profit slid 22 % in the third quarter] .
- [ARG0 The finance unit , GMAC ,] [rel said] [ARG1 0 net fell 3.1 % , but EDS 's profit rose 16 %] .
- [ARG0 SEC Chairman Breeden] [rel said] [ARG1 0 he would consider *-1 imposing `` circuit breakers '' *-2 to halt program trading during sharp swings in the market] .
- Kemper Financial Services has stopped *-1 executing its stock trades through four big securities firms because of their involvement in program trading , which [ARG0 Kemper and others] [rel say] [ARG1 0 *T*-2 is ruining the market] .
- [ARG0 GORBACHEV] [rel SAID] [ARG1 0 Moscow wo n't intervene in East bloc moves to democracy] .
- [ARG1 The changes , which *T*-2 could be announced *-1 as early as today , would apply to pesticides and other substances found * on fresh and processed foods] , [ARG0 officials] [rel said] 0 *T*-3 .
- [ARG0 East German leader Krenz] [rel said] [ARG1 0 he was willing *-1 to hold talks with opposition groups pressing for internal changes] .
- [ARG0 The Communist Party chief , facing what *T*-2 is viewed *-1 as the nation 's worst unrest in nearly 40 years ,] [ARGM-DIS also] [rel said] [ARG1 0 he would allow East Germans to travel abroad more freely] , but made clear that the Berlin Wall would remain .
- [ARG0 NATO defense ministers] [rel said] [ARG1 0 the 16-nation alliance continues *-1 to need a strong nuclear strategy despite political changes in Eastern Europe] .
- [ARG0 A department spokesman] [rel said] [ARG1 0 the ruling `` raised a serious question '' about the office of the president] .
- [ARG0 Bush] [rel said] [ARG1 0 Washington would continue a trade embargo against Nicaragua] , [ARGM-ADV *-1 declaring that the Central American country poses `` an unusual and extraordinary threat '' to the security of the U.S.] .
- [ARGM-DIS Meanwhile] , [ARG0 Secretary of State Baker] [rel said] [ARG1 0 the U.S. protested to Moscow over shipments of East bloc arms to Salvadoran rebels from Managua] .
- [ARG0 Czechoslovakia 's premier] [rel said] [ARG1 0 he supports broad political and economic restructuring] , but ruled out any dialogue between Prague 's Communist government and independent human-rights or dissident groups .
- [ARG0 Adolph Coors Co.] [rel said] [ARG1 0 William K. Coors , chairman , assumed the additional responsibilities of president , *-1 succeeding Jeffrey H. Coors] .
- [ARGM-DIS But] [ARG0 the brewer] [rel said] [ARG1 0 Jeffrey Coors voluntarily gave up the position *-2 to focus more of his energy on Coors Technology Co. , a small unit of Coors 0 he has run *T*-1 for several years] .
- [ARG0 A Coors spokesman] [rel said] [ARG1 0 the company does n't believe 0 the move will further increase William Coors 's influence or reduce the influence of Jeffrey Coors , Peter Coors or Joseph Coors Jr. , who *T*-1 run the company 's three operating units] .
- `` [ARG1 It certainly was n't intended *-1 to be a demotion] , '' [ARG0 the spokesman] [rel said] *T*-2 .
- [ARG0 Dun & Bradstreet Corp.] [rel said] [ARG1 0 business failures fell 17.8 % to 11,586 in the third quarter from 14,099 in the year-earlier period] .
- [ARG1 The troubled savings-and-loan industry and subsequent stress in real-estate businesses fueled bankruptcies in this sector] , [ARG0 D&B] [rel said] 0 *T*-1 .
- [ARG1 The current decline in failures continues a trend begun * in late 1987] , [ARG0 D&B] [rel said] 0 *T*-1 .
- [ARG1 The drop accelerated in this year 's third quarter , * underscoring an overall lack of stress in the U.S. economy] , [ARG0 the company] [rel said] 0 *T*-1 .
- But [ARG0 they] [rel said] [ARG1 0 detailed financial figures have n't been passed *-1 yet to any prospective buyers] .
- `` [ARG1 Nobody is going *-1 to make a real bid before the middle of November] , '' [rel said] *T*-2 [ARG0 one investment banker familiar with the discussions in Japan] .
- [ARG0 One executive familiar with the Bloomingdale 's situation] [rel said] , `` [ARG1 No book has been issued *-1 * regarding Bloomingdale 's , there are no projections , so I doubt very much whether any bid has been made *-2] . ''
- [ARG0 A spokeswoman] [rel said] [ARG1 0 Toronto-based Campeau has received `` expressions of interest '' in Bloomingdale 's] , but she declined *-2 to comment on whether any actual bids had been made *-1 .
- [ARG0 The suit] [rel says] [ARG1 0 the company failed *-1 to disclose material adverse information about its financial condition] .
- [ARG0 A spokesman for the company] [rel said] [ARG1 0 Campeau has n't seen the suit] and declined *-1 to comment .
- `` [ARG1 This is the first of many rumors 0 we expect *-3 to hear *T*-1 during the sale 's process] , '' [rel said] *T*-2 [ARG0 a Bloomingdale 's spokesman] .
- [ARG0 Campeau 's chairman , Robert Campeau ,] [rel said] [ARGM-LOC at its annual meeting] [ARGM-TMP in July] [ARG1 that he valued Bloomingdale 's at $ 2 billion *U*] .
- [ARG1 McCaw Cellular Communications Inc. must extend its offer for LIN Broadcasting Corp. because it has `` not yet announced committed financing sufficient * to complete '' the bid] , [ARG0 LIN] [rel said] 0 *T*-1 [ARGM-LOC in New York] .
- [ARG1 According to Securities and Exchange Commission rules , McCaw is required *-1 to keep its offer for the cellular-phone and broadcasting concern open for at least five business days after the announcement of the financing] , [ARG0 LIN] [rel said] 0 *T*-2 .
- [ARGM-TMP Last week] , [ARG0 McCaw] [rel said] [ARG1 0 it obtained `` firm '' financing commitments *ICH*-1 from three major banks in regard to its bid * to control LIN Broadcasting] .
- [ARG1 The banks jointly committed $ 1.2 billion *U* of financing , subject to certain conditions] , [ARG0 McCaw] [rel said] 0 *T*-1 .
- [ARG0 A spokesman for McCaw] [rel said] [ARG1 0 the company was `` moving forward with our financing] . ''
- [ARG0 StatesWest Airlines , Phoenix , Ariz. ,] [rel said] [ARG1 0 it sent a more detailed merger proposal to much-larger Mesa Airlines] .
- [ARG0 Farmington , N.M.-based Mesa] has consistently rejected StatesWest 's offers , and [ARGM-TMP early this week] [rel said] [ARG1 0 its board would n't give the proposal further consideration] , [ARGM-ADV *-2 calling it `` vague and ill-defined '' because it did n't describe the source of funds or the specific terms of StatesWest securities which *T*-1 were part of the offer] .
- [ARG0 The new letter] purports *-2 to do this , *-2 [rel saying] [ARG1 that in addition to $ 7 *U* a share in cash , StatesWest would offer one share of new 6 % convertible preferred stock of StatesWest 0 it values *T*-1 at $ 3 *U* a share] .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 0 the cash portion of the transaction would be financed *-1 with StatesWest 's own cash and short-term investments , plus debt and other financing arranged * through Hibbard Brown & Co. , the company 's investment banker] .
- [ARG0 Mesa President Larry Risley] [rel said] [ARG1 0 his board had received Stateswest 's most recent offer and was reviewing it] .
- [ARG0 Spiegel Inc.] , [ARGM-ADV *-1 citing continuing improvement in the apparel market] , [rel said] [ARG1 0 third-quarter net income jumped 65 % from the soft year-earlier period , on an 11 % increase in revenue] .
- [ARG0 Spiegel] [rel said] [ARG1 0 margins improved because its inventory position *PPA*-1 this year did n't need the costly markdowns required * * to trim last year 's swollen levels] .
- [ARG0 A spokeswoman] [rel said] [ARG1 0 the apparel market troughed in the first half of 1988 , then began *-1 showing improvement in the second half of last year] .
- `` [ARG1 We 've seen continued improvement in 1989] , '' [ARG0 she] [rel said] *T*-1 .
- [ARGM-DIS In addition] , [ARG0 the company] [rel said] [ARG1 0 ongoing cost-cutting efforts contributed to the latest period 's earnings upturn] .
- `` [ARG1 But people do n't buy anything on expectation anymore] , '' [rel says] *T*-2 [ARG0 Jack Utter , who *T*-1 manages the high-yield fund of IDS Financial Services] .
- The good news -- to fans of stable credit , at least -- is [ARG1 what] [ARG0 the rejection] [rel says] *T*-1 about [ARG3-about the state of mind of junk buyers] .
- `` [ARG1 There is nothing wrong with the company] , '' [rel says] *T*-1 [ARG0 Coniston principal Paul Tierney] .
- [ARG1 The rub] , [ARG0 he] [rel says] 0 *T*-1 , is that `` the junk market is n't as deep '' as before .
- A DLJ banker , putting a best possible face on it , asserts that `` [ARG0 very few people] [rel said] [ARG1 0 they did n't like the credit quality] .
- [ARG0 People] [rel said] [ARG1 0 they did n't think 0 a billion-dollar deal would trade] . ''
- [ARG1 Indeed] , [ARG0 the DLJ banker] [rel says] 0 *T*-1 , in the reborn capital structure cash coverage of interest `` will meaningfully improve . ''
- Apparently [ARG0 they] are learning *-1 to [rel say] [ARG1 no] to [ARG2-to excess risk] .
- [ARG0 The TW prospectus] [rel says] [ARG1 that if the acquisition had been completed *-1 earlier , pretax earnings `` would have been insufficient * to cover its fixed charges , including interest on debt securities , '' by approximately $ 62.7 million *U* in the first six months of 1989] .
- `` [ARG1 We were concerned that they were n't going *-1 to generate enough cash for capital spending and also 0 * to pay down debt *T*-2] , '' [rel says] *T*-3 [ARG0 a big investor in high-yield debt] .
- [ARG1 Canada 's Brian Mulroney and Australia 's Bob Hawke] , [ARG0 the paper] [rel said] 0 *T*-1 , were `` enraged . ''
- [ARG0 The London Times] [rel said] [ARG1 0 she had `` contravened protocol] . ''
- [ARGM-ADV As usual] , [ARG0 her sin] was [rel saying] [ARG1 what she thought *T*-1] .
- The guest paid his bill at the resort hotel , and as he departed he noticed [ARG0 a sign] [rel saying] , `` [ARG1 Have You Left Anything ?] ''
- The man went back and spoke to the desk clerk : `` [ARG1 That sign is wrong] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Lance Zipper , head of over-the-counter trading at Kidder Peabody ,] [rel said] [ARG1 0 it *EXP*-1 is difficult * to make predictions based on yesterday 's trading volume] .
- [ARG1 The advance felt more like a technical bounce] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 There 's a lot of uncertainty out there , and it will cause a lot of swings] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Ford Motor] [rel said] [ARG1 0 it raised its stake in the British car maker to 12.45 % of the ordinary shares outstanding] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Ford] [rel said] [ARG1 0 it holds 22.8 million ordinary shares] .
- [ARG0 The company] has [rel said] [ARG1 0 it is prepared *-2 to make a bid for all of the shares outstanding of Jaguar if British government restrictions to such a transaction are removed *-1] .
- `` [ARG1 It was a mixed bag] , '' [rel said] *T*-2 [ARG0 Richard Bruno , who *T*-1 heads over-the-counter trading at PaineWebber] .
- [ARG0 Informix] , which *T*-1 [ARGM-TMP recently] [rel said] [ARG1 0 third-quarter net income rose to 16 cents a share from a penny a share a year ago] , gained 1 5\/8 to 13 5\/8 on 810,700 shares .
- `` [ARG1 It 's too early * to tell '' what *T*-1 happens *T*-1 after that] , [ARG0 he] [rel says] 0 *T*-2 .
- But [ARG0 ad executives who *T*-1 negotiated the deal] [rel say] [ARG1 0 that works out to only $ 275,000 *U* for a 30-second ad in the World Series through 1993 -- 17 % less than what ABC is charging *T*-2 for the Series this month] .
- Moreover , `` [ARG1 there 's no question 0 ad rates will come down considerably '' from the GM-Toyota price] , [rel says] 0 *T*-1 [ARG0 Arnold Chase of Bozell Inc] .
- [ARG0 Other admen] , [ARGM-DIS however] , [rel say] [ARG1 0 rates could rise later if ad spending surges] .
- [ARG0 Barry Frank , the agent who *T*-1 took Mr. Pilson to lunch last March ,] [rel says] [ARG1 that even if CBS loses , say , $ 10 million *U* , it matters little] .
- `` [ARG1 Ten million ai n't jack , man , when you got $ 3 billion *U* sitting in the bank *T*-1] , '' [rel says] *T*-2 [ARG0 Mr. Frank , senior vice president at International Management Group] , [ARGM-ADV *-3 citing CBS 's enormous cash reserves from * selling off various businesses] .
- [ARG1 Moreover , sports has `` claimed its place '' as a guaranteed ratings-getter] , [rel says] 0 *T*-1 [ARG0 David J. Stern , the commissioner of the National Basketball Association] .
- [ARG1 That] 's easy 0 for [ARG0 him] to [rel say] *T*-2 : CBS 's four-year NBA pact , now at $ 176 million *U* for four years , could double in price by the time 0 his talks with Mr. Pilson are completed *-1 *T*-3 later this month .
- [ARGM-DIS But] [ARG0 media-stock analyst Richard J. MacDonald of MacDonald Grippo Riely] [rel says] [ARG1 0 Wall Street wo n't take kindly to that] .
- `` [ARG1 On a stand-alone basis , the network ought *-1 to make money] , '' [ARG0 he] [rel says] *T*-2 .
- When Mr. Pilson is asked *-1 directly *T*-2 -- can you make money on all this ? -- [ARG0 he] does [ARGM-NEG n't] [ARGM-ADV exactly] [rel say] [ARG1 yes] .
- `` [ARG1 What you 're really asking *T*-1 is , Are the profit and loss margins anticipated * on the events acceptable to management ?] '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 The CBS official] [rel said] [ARG1 0 that price sounded fine] .
- `` [ARG1 As we 've seen in the '80s] , '' [rel says] *T*-1 [ARG0 Roger Werner , the president of the ESPN sports channel] , `` those deals can turn sour if the numbers do n't work .
- Now , Mr. Pilson -- [ARG0 a former college basketball player] who *T*-1 [rel says] [ARG1 0 a good negotiator needs `` a level of focus and intellectual attention '' similar to a good athlete-s] is facing the consequences of his own aggressiveness .
- `` [ARG1 What *T*-1 happens to those two basketball contracts will shape the next five years of network sports] , '' [rel says] *T*-2 [ARG0 Peter Lund , a former CBS Sports president now at Multimedia Inc] .
- J. William Grimes , former president of ESPN , says 0 [ARG0 NBC] may `` come in with a huge bid for college basketball *-1 to take it away from CBS and [rel say] , ` [ARG1 We can overbid , too] . '
- [ARG0 J. William Grimes , former president of ESPN ,] [rel says] [ARG1 0 NBC may `` come in with a huge bid for college basketball *-1 to take it away from CBS and say , ` We can overbid , too] . '
- `` [ARG1 I love Pilson , but he was the guy who *T*-1 complained most bitterly and loudly] , '' [rel says] *T*-2 [ARG0 Robert Wussler , a former CBS Sports president] .
- Mr. Pilson says that when he spoke out a few years ago *T*-1 , `` [ARG0 I] did [ARGM-NEG n't] [rel say] [ARG1 forever] , and I did n't say every property . ''
- Mr. Pilson says that when he spoke out a few years ago *T*-1 , `` I did n't say forever , and [ARG0 I] did [ARGM-NEG n't] [rel say] [ARG1 every property] . ''
- [ARG0 Mr. Pilson] [rel says] [ARG1 that when he spoke out a few years ago *T*-1 , `` I did n't say forever , and I did n't say every property] . ''
- `` [ARG0 Our competitors] [rel say] [ARG1 0 we overbid them] .
- [ARG1 Maybe we recognize values 0 the other guys do n't *?* *T*-2] , '' [ARG0 Mr. Pilson] [rel says] *T*-1 .
- [ARG1 The `` Major Events '' strategy , [ARG0 Mr. Pilson] [rel says] 0 *T*-1 , is designed *-2 to notch a place for CBS on the crowded TV dial of the 1990s .]
- `` [ARG1 I 've been struggling against that for years] , '' [rel says] *T*-2 [ARG0 Jonathan Rodgers , who *T*-1 runs WBBM-TV , the CBS-owned station in Chicago] .
- [ARG1 Even if baseball triggers losses at CBS -- and he does n't think 0 it will *?* -- `` I 'd rather *ICH*-1 see the games on our air than on NBC and ABC] , '' [ARG0 he] [rel says] 0 *T*-2 .
- Regular TV series ratings have slumped in the past five years , and [ARG1 * premiering new shows is `` a crap shoot] , '' [ARG0 Mr. Pilson] [rel says] 0 *T*-1 .
- [ARG0 Mr. Pilson] [rel says] [ARG1 baseball and the Olympics may help CBS move up to No. 2 in the household ratings race , *-1 putting pizazz back into the network 's image] .
- `` [ARG1 It 's made me more committed to CBS] , '' [rel says] *T*-2 [ARG0 Philip A. Jones , the president of Meredith Corp. 's broadcast group , which *T*-1 has two CBS affiliates] .
- `` [ARG1 In this market of 40 channels , sophisticated viewers and the remote control , trial is n't a guarantee of anything] , '' [ARG0 ESPN 's Mr. Werner] [rel says] *T*-1 .
- `` [ARG1 The World Series , seven nights , was n't enough of an incentive] , '' [rel says] *T*-2 [ARG0 Arnold Klinsky of WHEC-TV in Rochester , which *T*-1 dropped CBS for NBC six weeks ago] .
- [ARG0 The Communications Workers of America , which *T*-1 opposes such monitoring ,] [rel says] [ARG1 0 supervisors listen in on an estimated 400 million calls each year] .
- Among [ARG0 companies] [rel saying] [ARG1 0 they monitor employees] are *T*-1 United Airlines , American Airlines , United Parcel Service , Nynex Corp. , Spiegel Inc. , and the circulation department of this newspaper .
- [ARG0 Dictaphone Corp.] [rel says] [ARG1 0 there 's a big business demand for its voice-activated taping systems , whether the sophisticated Veritrac 9000 system , which *T*-1 costs from $ 10,000 to $ 120,000 *U* and can record 240 conversations simultaneously , or simple handheld units selling for $ 395 *U*] .
- [ARG1 Businesses `` want *-1 to verify information and ensure accuracy] , '' [rel says] 0 *T*-2 [ARG0 John Hiltunen , Dictaphone 's manager of media relations] .
- [ARG1 The state of Alaska] recently bought the Veritrac system , [ARG0 he] [rel says] 0 *T*-2 , `` *-1 to monitor the Exxon cleanup effort . ''
- [ARG0 Merrill Lynch & Co. and Shearson Lehman Hutton Inc.] [rel say] [ARG1 0 they use voice-activated systems *-1 to record and verify orders between salesmen and traders] .
- [ARG0 Shearson] [rel says] [ARG1 0 it has taped some of its institutional trading desks , such as commodities and futures , for about four years] .
- [ARG0 Kidder Peabody & Co.] [rel says] [ARG1 0 it monitors bond-trading conversations between brokers and customers *-1 to safeguard order accuracy] .
- [ARG1 The most common use of spying devices is in divorce cases] , [rel say] 0 *T*-1 [ARG0 private investigators] .
- While tape recordings 0 *T*-1 to uncover , [rel say] , [ARG1 infidelity] are n't admissible in court , they can mean leverage in a settlement .
- `` [ARG1 I 'm sympathetic with workers who *T*-1 feel under the gun] , '' [rel says] *T*-3 [ARG0 Richard Barton of the Direct Marketing Association of America , which *T*-2 is lobbying strenuously against the Edwards beeper bill] .
- [ARG0 Spiegel] also opposes the beeper bill , *-2 [rel saying] [ARG1 0 the noise 0 it requires *T*-1 would interfere with customer orders , * causing irritation and even errors] .
- `` [ARG1 We like *-2 to follow up and make sure 0 operators are achieving our standards of company service] , '' [rel says] *T*-3 [ARG0 Ms. Dale , who *T*-1 supervises 350 operators] .
- [ARG0 John Bonomo , a Nynex spokesman ,] [rel says] [ARG1 0 the telephone company needs *-1 to monitor operators *-1 to evaluate performance during the first six months on the job] .
- `` [ARG1 Sometimes] , '' [ARG0 he] [rel says] *T*-1 , `` we 'll pull someone off the phones for more training . ''
- [ARGM-DIS But] [ARG0 opponents] , [ARGM-ADV *-2 led * by the CWA] , [rel say] [ARG1 0 new laws are needed *-1 because monitoring is heavily concentrated in service industries and 81 % of monitored workers are n't represented *-3 by unions] .
- [ARGM-DIS Meanwhile] , [ARG0 supporters of the Dellums two-party consent bill] [rel say] [ARG1 0 it is needed *-1 because of a giant loophole in the one-party consent law] .
- [ARG0 Radio Shack] [rel says] [ARG1 0 it has a policy against * selling products if a salesperson suspects 0 they will be used *-1 illegally] .
- `` [ARG1 Everything sold at Radio Shack has a legal purpose] , '' [rel says] *T*-1 [ARG0 Bernard Appel , president of the Tandy Corp. subsidiary] .
- [ARG0 He] [rel says] [ARG1 0 he has n't yet studied the Dellums bill , but that * requiring a beeping tone on recorders `` would be ludicrous] . ''
- [ARG0 He] [rel says] [ARG1 0 he has n't yet studied the Dellums bill , but that * requiring a beeping tone on recorders `` would be ludicrous] . ''
- [ARG1 With its ability * to pick up rustlings and flapping wings , `` it was meant *-1 to be a toy for children for bird watching] , '' [rel says] 0 *T*-2 [ARG0 Mr. Appel] .
- `` [ARG1 New technologies are changing the way 0 we deal with each other *T*-1 and the way 0 we work *T*-2] , '' [rel says] *T*-3 [ARG0 Janlori Goldman , a staff attorney at the American Civil Liberties Union] .
- [ARG0 Jay Stevens of Dean Witter Reynolds Inc.] [rel said] [ARG1 0 he may cut his earnings estimate for the current fiscal year because he had expected at least some mainframe profit this year] .
- [ARG0 Large Digital buyers] [rel say] [ARG1 0 the new VAX will let them stay with Digital when they need the power of a mainframe *T*-1 , instead of * turning to IBM] .
- `` [ARG1 I 'm convinced 0 there 's a huge market for this machine] , '' [rel said] *T*-1 [ARG0 Stephen Smith of PaineWebber Inc] .
- `` [ARG1 Demand for these systems has been very , very strong] , '' [rel said] *T*-1 [ARG0 Bill Grabe , a senior IBM marketing executive] .
- [ARG0 IBM , Armonk , N.Y. ,] [rel said] [ARG1 0 it wanted *-1 to bring out the mainframes as soon as it could *?* *-2 to spark as many sales as possible by the end of the year] .
- [ARGM-DIS Still] , [ARG0 Steve Cohen , an analyst at SoundView Financial Group Inc. ,] [rel said] , `` [ARG1 I do n't see that this will be sufficient *-1 to give IBM a significant kick in the fourth quarter] . ''
- In addition to the new mainframe hardware and software , IBM announced [ARG1 a magnetic-tape system] for data storage that [ARG0 it] [rel said] 0 *T*-1 occupies half as much floor space as older systems but can store five times as much data on a single cartridge .
- `` [ARG1 This is not your father 's mainframe] , '' [rel said] *T*-1 [ARG0 Allan McGuire , a Digital spokesman] .
- `` [ARG1 It 's a whole new generation] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 IBM] [rel said] [ARG1 0 the 16 new J and JH models will generally be available immediately , though three wo n't ship until the third quarter of next year] .
- [ARG1 The president] was [rel said] *-1 to have been noncommittal .
- [ARGM-DIS But] [ARGM-TMP now that Congress has missed the legal deadline for * meeting the Gramm-Rudman targets] , [ARG0 the White House] [rel said] [ARG1 0 it has returned to its original view that a capital-gains cut should be part of the deficit-reduction bill , on which Congress continues *-2 to work *T*-1] .
- `` [ARG1 If that does n't happen , then we press forward on another vehicle and a separate vote] , '' [rel said] *T*-1 [ARG0 press secretary Marlin Fitzwater] .
- [ARG0 Texas Rep. William Archer , the ranking Republican on the House Ways and Means Committee] [rel said] , `` [ARG1 I do n't see how we have the votes '' * to place a capital-gains tax cut there *T*-1] .
- [ARG0 The White House] [rel said] [ARG1 0 he plans *-1 to hold a series of private White House meetings , mostly with Senate Democrats , *-2 to try *-3 to persuade lawmakers *-4 to fall in line behind the tax cut] .
- [ARG0 Toshiba Corp.] [rel said] [ARG1 0 its new French marketing concern has started *-2 operating under the aegis of the company 's West German subsidiary , which *T*-1 formerly handled all sales of Toshiba electronic products in France] .
- [ARG0 AT&T] [rel said] [ARG1 0 it expects *-2 to beat to the marketplace two rivals , Northern Telecom Ltd. of Canada and France 's Alcatel N.V. , which *T*-1 also have announced Sonet-based products] .
- [ARG1 Two products in what the telecommunications giant called *T*-2 a new generation of such equipment are available now] , [ARG0 AT&T] [rel said] 0 *T*-3 , and three others will be introduced *-1 in 1990 and 1991 .
- [ARG1 The products are aimed *-1 at a market expected * to total more than $ 1 billion *U* a year in sales by 1995] , [rel said] 0 *T*-2 [ARG0 Morgan Buchner Jr. , vice president of transmission systems for AT&T] .
- [ARG1 This cuts down greatly on labor] , [ARG0 Mr. Buchner] [rel said] 0 *T*-1 .
- [ARG0 AT&T] [rel said] [ARG1 0 the products , unlike previous generations , will meet so-called Sonet compatability standards , which AT&T expects *T*-1 to be broadly adopted *-2] .
- `` [ARG1 These products are the heart of our transmission-product line] , '' [ARG0 Mr. Buchner] [rel said] *T*-1 .
- [ARG0 He] declined *-2 to disclose specific prices , but [rel said] [ARG1 0 each product costs in the tens of thousands *RNR*-1 , or even hundreds of thousands *RNR*-1 , of dollars] .
- [ARG0 Some lawyers] [rel say] [ARG1 0 the slump , while *-2 more obvious in recent weeks , began earlier this year] .
- [ARG0 Dennis Block , a partner at the New York firm of Weil , Gotshal & Manges ,] [rel said] [ARG1 that in the first eight months of this year , 89 hostile offers were launched *-1 , compared with 157 for the first eight months of]
- [ARG1 What *T*-1 's more] , [ARG0 he] [rel said] 0 *T*-2 , `` transactions are taking a much longer time * to conclude *?* and many fall apart for lack of financing '' and more stringent scrutiny by state courts .
- [ARG0 Lawyers] [ARGM-DIS also] [rel say] [ARG1 0 an erratic stock market and uncertain financing conditions have sharply reduced the number of lucrative big deals likely * to be proposed *-1] .
- [ARGM-DIS Still] , [ARG0 some lawyers] [rel say] [ARG1 0 the mergers slowdown has n't affected foreign buyers as much as domestic ones] .
- `` [ARG1 We just took another floor for our London offices] , '' [rel said] *T*-1 [ARG0 Joseph Flom of the New York firm of Skadden , Arps , Slate , Meagher & Flom] .
- [ARG0 Davis Polk & Wardwell] [ARGM-DIS also] [rel said] [ARG1 0 its international clients are keeping mergers and acquisitions partners busy] .
- `` [ARG1 European companies are looking *-1 to buy American ones] , '' [rel said] *T*-2 [ARG0 Henry King , the managing partner at that firm] .
- The conversation was taped *-1 by federal investigators in what [ARG0 Mr. Lang] [rel said] [ARG1 *T*-2 was an effort * to get Mr. Lorin to implicate Mr. Laff] .
- [ARGM-ADV While it is still too early * to tell whether the dearth of takeover activity is only temporary] , [ARG0 many lawyers] [rel say] [ARG1 0 their firms are bracing for lower revenue from merger work , which *T*-1 has been so lucrative in the past] .
- [ARGM-ADV According to the transcript] , [ARG0 Mr. Lorin] [rel said] [ARG1 0 Mr. Laff should be killed *-1] [ARGM-TMP after Mr. Aslanian told him that information given * to Mr. Laff by another conspirator could jeopardize the stock scheme] .
- Mr. Lorin then repeated the threat , and Mr. Aslanian urged [ARG0 him] *-1 [ARGM-NEG not] to [rel say] [ARG1 such things] .
- [ARGM-TMP When *-1 asked *-3 for a copy of the transcript *T*-2] , [ARG0 Mr. Lang] [rel said] [ARG1 0 Judge Thomas P. Griesa had instructed him *-4 not to release it or the memorandum] .
- [ARGM-ADV When Mr. Lang asked Mr. Lorin whether he had taken steps 0 * to have Mr. Laff killed *T*-2 *T*-1] , [ARG0 the witness] [ARGM-TMP again] [rel said] [ARG1 no] .
- [ARGM-LOC In a letter Monday to Mr. Saltzburg] , [ARG0 the judge] [rel said] [ARG1 0 he would `` reluctantly '' accept the resignation] .
- [ARG1 If deals take longer * to complete *?* and there are fewer of them 0 * to do *T*-1 , `` you ca n't bill the same kind of premium as when deals took a few weeks from start to finish *T*-2] , '' [rel says] 0 *T*-3 [ARG0 one lawyer at a large New York firm] .
- [ARG0 THE PHILADELPHIA law firm of Ballard , Spahr , Andrews & Ingersoll] [rel said] [ARG1 0 three partners have joined its business and finance department] .
- `` [ARG1 We 're planning on a rip-roaring year in 1989 , but next year we 'll be another story] , '' [rel said] *T*-1 [ARG0 Robert Freedman , a partner at Simpson Thacher & Bartlett] .
- [ARG0 Lawyers at such firms as Sullivan & Cromwell ; Willkie Farr & Gallagher ; Wachtell , Lipton , Rosen & Katz ; and Fried , Frank , Harris , Shriver & Jacobson] all [rel say] [ARG1 0 they , too , have experienced a significant slowdown , particularly during the past few weeks] .
- `` [ARG1 Everyone is waiting *-2 to see if deals can be done *-1 at sensible prices and if money is available] , '' [rel said] *T*-3 [ARG0 Jack Nusbaum , co-chairman of Willkie Farr] .
- [ARGM-DIS In addition] , [ARG0 Delmed , which *T*-2 makes and sells a dialysis solution used * in * treating kidney diseases ,] [rel said] [ARG1 0 negotiations about pricing *ICH*-1 had collapsed between it and a major distributor , National Medical Care Inc] .
- [ARGM-TMP Yesterday] , [ARG0 Delmed] [rel said] [ARG1 0 it `` continues *-1 to explore the possibility of a combination with Fresenius USA] . ''
- [ARG1 While the discussions between Delmed and National Medical Care have been discontinued *-1 , Delmed will continue *-2 to supply dialysis products through National Medical after their exclusive agreement ends in March 1990] , [ARG0 Delmed] [rel said] 0 *T*-3 .
- [ARG1 In addition , Delmed is exploring distribution arrangements with Fresenius USA] , [ARG0 Delmed] [rel said] 0 *T*-1 .
- [ARG0 Delmed] [rel said] [ARG1 0 Robert S. Ehrlich resigned as chairman , president and chief executive] .
- [ARG1 Leslie I. Shapiro , chief operating officer and chief financial officer , also resigned] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Kennametal Inc.] [rel said] [ARG1 0 it intends *-1 to acquire J&L America Inc. for $ 44 million *U* plus a consideration of as much as an additional $ 12 million *U* , payable over five years] .
- [ARG0 Genentech Inc.] [rel said] [ARG1 0 third-quarter profit more than doubled to $ 11.4 million *U* , or 13 cents a share , from a depressed 1988 third-quarter performance of $ 5.3 million *U* , or six cents a share] .
- [ARG1 But I still think 0 the fundamentals are poor] , '' [rel said] *T*-1 [ARG0 Denise Gilbert , an analyst with Montgomery Securities in San Francisco] .
- `` [ARG1 The company 's stock is trading at 40 times next year 's numbers , and that 's too much] , '' [ARG0 she] [rel said] *T*-1 .
- [ARG1 On the plus side , Genentech is benefiting from a lower tax rate due to its research outlays , giving a boost to earnings] , [ARG0 she] [rel said] 0 *T*-1 .
- `` [ARG1 We continue *-1 to be on target for ... * increasing TPA sales 20 % to 25 % this year] , '' [rel said] *T*-2 [ARG0 founder and Chief Executive Officer Robert Swanson] .
- [ARG0 He] [rel said] [ARG1 0 the fourth quarter will be `` challenging] , '' and maintained his conservative forecast that 1990 `` wo n't be a barn burner . ''
- [ARG0 Many analysts] [rel said] [ARG1 0 they were n't surprised that problems in many of Ryder 's lines of business continued *-1 to plague the company] .
- `` [ARG1 It pretty much confirms what we had been expecting *T*-1] , '' [rel said] *T*-2 [ARG0 Anthony Hatch , an analyst at PaineWebber Inc] .
- [ARG0 M. Anthony Burns , Ryder 's chairman and chief executive officer ,] [rel said] : `` [ARG1 We 're constantly trying *-1 to find ways 0 * to regain the earnings momentum *T*-2] .
- [ARG0 Advanced Medical Technologies Inc.] [rel said] [ARG1 0 it purchased 93 % of a unit of Henley Group Inc] .
- [ARG0 Maxicare] [rel said] [ARG1 0 the plan stipulates that enrollees in the company 's health plans will have valid claims covered in full] .
- [ARG0 The spokesman] [rel said] [ARG1 0 Maxicare hopes *-1 to complete the reorganization by early 1990] .
- [ARG0 The health-maintenance concern] [rel said] [ARG1 0 it reached the agreement with its court-appointed creditors ' committees Sept. 28 , and intends *-1 to submit the plan to the bankruptcy court in November] .
- [ARG1 The company has promptly paid all its expenses and obligations since March 16] , [ARG0 a Maxicare spokesman] [rel said] 0 *T*-1 .
- [ARG0 Birmingham Steel Corp.] [rel said] [ARG1 that its Emeryville , Calif. , minimill sustained only minor damage from last week 's earthquake] .
- [ARGM-DIS However] , [ARG0 Citicorp] [rel said] [ARG1 that the average rate fell to 7.962 % at its $ 50 million *U* auction of 182-day commercial paper from 7.986 % at last week 's sale] .
- [ARG0 Hughes Aircraft Co. , a General Motors Corp. unit ,] [rel said] [ARG1 0 the Intelsat VI commercial communications satellite is set *-2 to be launched *-1 Friday] .
- [ARG0 Italian car manufacturer Fiat] [rel said] [ARG1 0 it is n't interested in partnership *RNR*-1 or industrial cooperation *RNR*-1 with Swedish auto and aerospace group Saab-Scania AB , which *T*-2 faces heavy losses in its car division] .
- [ARG0 Fiat] [rel said] [ARG1 it 's only interested in technical cooperation with Saab] .
- `` [ARG1 We know that Saab is looking for a partner for industrial and financial cooperation] , '' [ARG0 Fiat] [rel said] *T*-1 .
- [ARG0 News reports] [rel said] [ARGM-TMP yesterday] [ARG1 that Saab is trying *-1 to start negotiations with French automakers Peugeot and Renault] .
- [ARG0 ITT] [ARGM-DIS also] [rel said] [ARG1 0 its consumer finance unit agreed in September *-1 to settle a civil suit *ICH*-2 with the California attorney general over alleged improper lending and sales practices] .
- [ARG0 An ITT spokesman] [rel said] [ARG1 0 the charge was n't publicly reported *-1 at the time] .
- `` [ARG1 The company 's product businesses , with the exception of electronic components , had higher operating earnings for the first nine months of 1989] , '' [ARG0 the company] [rel said] *T*-1 .
- [ARGM-ADV *-1 Elaborating on the exception] , [ARG0 it] [rel said] [ARG1 0 volume and margins were lower in semiconductor and power systems operations] .
- Except for insurance , [ARGM-DIS however] , [ARG0 ITT] [rel said] [ARG1 0 it expects improved operating earnings `` in all of our businesses for the full year] . ''
- `` [ARG1 Hurricane Hugo losses and the continuing industrywide downturn in the property and casualty insurance business were the major factors affecting quarterly comparisons] , '' [rel said] *T*-1 [ARG0 Rand V. Araskog , chairman and chief executive officer] .
- [ARG1 ITT 's Hartford Insurance Group had a $ 53 million *U* quarterly pretax loss from Hurricane Hugo] , [ARG0 ITT] [rel said] 0 *T*-1 .
- [ARG0 Amoco Corp.] [rel said] [ARG1 0 it plans *-2 to install two platforms and drill as many as 22 wells *-3 to develop oil reserves 0 it discovered *T*-1 in the Atlantic Ocean about 25 miles off the coast of Congo] .
- [ARG0 Bob Evans Inc.] [rel said] [ARG1 0 its board authorized the purchase of as many as 500,000 shares of its common] .
- [ARG0 Coda Energy Inc.] [rel said] [ARG1 0 it completed the sale of Phenix-Transmission Co. to Bishop Pipeline Co. , for $ 17 million *U* in cash and notes] .
- [ARG0 Coda , an oil and gas concern ,] [rel said] [ARG1 0 it and its partners received $ 7 million *U* in cash and $ 10 million *U* in five-year notes for the Kansas intrastate pipeline] .
- [ARG0 International Technology Corp. and Davy McKee Corp. , a unit of London 's Davy Corp. ,] [rel said] [ARG1 0 they were awarded *-1 a $ 55 million *U* contract by the U.S. Army Corps of Engineers for the closure of the Helen Kramer Landfill Superfund site in Mantua Township , N.J] .
- [ARG0 International Technology , an environmental management concern ,] [rel said] [ARG1 0 the contract includes construction of slurry walls , gas collection systems , a multilayer cap and water treatment plant] .
- [ARG0 U.S. Memories Inc. , the venture that *T*-1 seeks *-2 to crack Japan 's domination of the memory-chip market ,] [rel said] [ARG1 0 it has chosen four potential sites for its operations after a fierce bidding war by 15 states] .
- [ARG0 U.S. Memories] [rel said] [ARG1 0 it will begin visits during the next several weeks to sites in Austin , Texas ; Colorado Springs , Colo. ; Middletown , N.Y. ; and Phoenix , Ariz] .
- [ARG0 Sanford Kane , president ,] [rel said] [ARG1 0 the finalists were chosen *-1 from among 57 locations based on financial , business , and quality of life considerations] .
- [ARG0 Mr. Kane] [rel said] [ARG1 0 he expects several other companies to join some time after the venture completes a business plan , probably later this week] .
- [ARG0 Sun Microsystems Inc.] [rel said] [ARG1 0 Prime Computer Inc. has agreed *-1 to resell as much as $ 200 million *U* worth of Sun 's machines over the next two years] .
- [ARG1 The computers use the company 's own microprocessor called * Sparc] , [ARG0 Sun] [rel said] 0 *T*-1 .
- [ARG0 Quickview Systems Inc.] [rel said] [ARG1 0 it filed a lawsuit against Apple Computer Inc.] , [ARGM-ADV *-1 claiming patent infringement in an element of Apple 's popular HyperCard software program] .
- It 's one of the most popular computer programs of all time , but [ARG0 analysts] [rel said] [ARG1 0 the Quickview suit does n't appear *-1 to bode major difficulties for Apple] .
- [ARG1 The technology at issue `` is not an underlying technology of HyperCard to my knowledge] , '' [rel said] 0 *T*-1 [ARG0 Danny Goodman , a San Francisco-area HyperCard program developer] .
- [ARGM-LOC In Cupertino , Calif.] , [ARG0 Apple] [rel said] [ARG1 that it believes 0 the case has no merit , and that HyperCard does not infringe `` any valid claims '' of the Quickview patents] .
- [ARG0 It] [rel said] [ARG1 0 it filed an action of its own in federal court in San Jose , Calif. , *-1 seeking a declaration that Quickview 's claims are invalid] .
- [ARG0 Cie . Generale des Eaux] reported that net profit climbed 30 % in the first half of 1989 and [rel said] [ARG1 that it expects a gain of about 25 % for the full year] .
- [ARG0 The French water treatment group] [rel said] [ARG1 0 consolidated net profit after payments to minority interests rose to 749 million francs -LRB- US$ 119.2 million *U* -RRB- from 575 million francs in the first half of 1988] .
- [ARG0 Generale des Eaux] [rel said] [ARG1 0 the earnings gain was led *-1 by its water , energy and building activities] .
- `` [ARG1 In all honesty if you ask me , ` Is this man a true believer ? ' I do n't know] , '' [rel says] *T*-1 [ARG0 John Fowler , head of the Washington-based Ad Hoc Committee in Defense of Life Inc] .
- But ever since the Supreme Court 's Webster vs. Reproductive Health Services decision this year changed the political landscape of the abortion issue , [ARG0 the president] seemingly has tried just as hard *-1 to avoid [rel saying] [ARG1 anything more] [ARGM-ADV unless *-2 pressed to the wall] .
- `` [ARG1 I happen *-2 to think 0 it was right] , '' [ARG0 Mr. Bush] [rel said] *T*-1 [ARGM-MNR flatly] .
- `` [ARG1 If you have a position , you 're better off * to stick with it than * to move around very much] , '' [rel says] *T*-1 [ARG0 Republican strategist John Sears] .
- By his moderate Republican heritage as well as the warnings of [ARG0 political advisers] who *T*-1 [rel say] [ARG1 0 the issue is vital to younger voters] , the president might seem *-2 to have at least some sympathy with abortion-rights arguments .
- `` [ARG1 It was one of the quickest changes in public attitudes 0 I 've ever seen *T*-1] , '' [rel says] *T*-2 [ARG0 former Reagan pollster Richard Wirthlin] .
- [ARGM-ADV In addition to *-1 supporting the landmark Roe vs. Wade Supreme Court decision legalizing abortion] , [ARG0 Mr. Bush] [rel said] [ARG1 0 he opposed the constitutional ban on abortion that Mr. Reagan was promising *-2 to promote *T*-3] .
- [ARGM-DIS Then] , [ARGM-TMP two weeks ago] -- [ARGM-ADV *-1 declaring that `` I 'm not looking for any conflict over this ''] -- [ARG0 the president] [rel said] [ARG1 0 he would consider a compromise * to fund abortions for poor women in cases of rape and incest] .
- [ARG0 Ford Motor Co.] [rel said] [ARG1 0 it is consolidating control of its Asian operations under a new organization here that *T*-2 will be headed *-1 by W. Wayne Booker] .
- [ARG0 McDonald 's Mr. Millis] [rel said] [ARG1 0 Goodyear appeared *-1 to have held or gained some market share in the U.S. for the first time since the second quarter of 1988] .
- [ARGM-DIS But] [ARG0 Goodyear] [rel said] [ARG1 0 total U.S. tire unit sales were off about 2 %] .
- Total tire segment sales were up only about 1 % to $ 2.2 billion *U* , and [ARG0 the company] [rel said] [ARG1 0 it reduced manufacturing levels at some of its U.S. tire plants because of inventory adjustments and slackened production by auto makers] .
- [ARG0 Donald DeScenza , an independent analyst in New Canaan , Conn. ,] [rel said] [ARG1 0 he was `` impressed with the company 's performance] . ''
- [ARG0 He] [rel said] [ARG1 0 results were better than he 'd expected *?* and indicate that Goodyear is in the midst of a turnaround from a string of lackluster quarters that *T*-1 have plagued the company for a year] .
- [ARGM-DIS However] , [ARG0 Harry Millis , an analyst at McDonald & Co. , Cleveland ,] [rel said] [ARG1 0 Goodyear 's results `` fell at the bottom '' of his range of estimates] .
- [ARGM-ADV Excluding an increase in the tax rate and the effects of foreign currency translations] , [ARG0 Mr. Millis] [rel said] [ARG1 0 the company 's results `` were still a little disappointing *T*-1] . ''
- [ARG0 The Akron , Ohio-based company] [rel said] [ARG1 0 pretax operating income in its tire segment jumped about 31 % to $ 196.2 million *U* from $ 150.2 million *U* a year earlier , * reflecting improvements in raw material costs , sales of replacement tires and pricing] .
- [ARG0 Environmental Control Group Inc.] [rel said] [ARG1 0 it expects *-1 to report `` minimal '' earnings or a loss for the third quarter] .
- [ARG0 The environmental services company] [rel said] [ARG1 that the discontinuation of unsuccessful product lines and an increase in baddebt reserves probably will result in charges of $ 2.5 million to $ 4 million *U* , most of which *T*-2 will be taken *-1 against third-quarter results] .
- `` [ARG1 It 's a baptism of fire for Corry] , '' [rel says] *T*-1 [ARG0 one USX executive] .
- [ARG1 He] was shocked , [ARG0 associates] [rel say] 0 *T*-2 , *-1 to learn of Mr. Icahn 's new takeover threat .
- `` [ARG1 He 's in a vulnerable position because he has n't established much credibility on his own] , '' [rel says] *T*-1 [ARG0 Bryan Jacoboski , a securities analyst at PaineWebber Inc] .
- `` [ARG1 I was never a rebel] , '' [ARG0 he] [rel said] *T*-1 [ARGM-LOC in an earlier interview] .
- `` I do n't think 0 [ARG0 most of the people that *T*-1 have been around me] [ARGM-MOD would] [ARGM-TMP ever] [rel say] [ARG1 0 they 've seen me pound the table or get angry] . ''
- [ARG0 One former executive] [rel says] , `` [ARG1 Nobody *ICH*-1 *ICH*-2 wanted that deal inside USX except Dave Roderick , '' who *T*-3 was a hunting and fishing buddy of William L. Hutchison , chairman of Texas Oil & Gas] .
- [ARG1 Mr. Icahn has long believed , [ARG0 associates] [rel say] 0 *T*-2 , that the company , whose 1988 sales *T*-1 totaled $ 16.88 billion *U* , is worth $ 70 *U* a share if *-3 broken up .]
- [ARG1 Unlike his predecessor , who *T*-1 saw steel as America 's backbone , Mr. Corry tends *-2 to view it as a capital-draining and labor-intensive business with limited potential] , [ARG0 associates] [rel say] 0 *T*-3 .
- `` Dave thought 0 the country needed a strong U.S. Steel and , while Chuck agreed , [ARG0 he] was more apt *-1 to [rel say] , ` [ARG1 Not at any cost to shareholders] , ' '' a former executive says *T*-2 .
- `` [ARG1 Dave thought 0 the country needed a strong U.S. Steel and , while Chuck agreed , he was more apt *-1 to say , ` Not at any cost to shareholders , '] '' [ARG0 a former executive] [rel says] *T*-2 .
- As [ARG0 Mr. Roderick] [ARGM-TMP once] [rel said] : `` [ARG1 We 're a two-product company and , boy , if you ca n't figure out the value of those two parts , you are so damn dumb that you do n't belong on Wall Street] . ''
- A battle with Mr. Icahn would rattle [ARG0 even the most seasoned chief executive] , * to [rel say] [ARG1 nothing of one who *T*-1 took the helm less than five months ago] .
- `` [ARG1 I do n't think 0 he has a clear sense of where he wants the company to go *T*-2] , '' [ARG0 one] [rel says] *T*-1 .
- [ARGM-DIS And] [ARGM-TMP then] , `` [ARG1 he] wo n't panic , '' [rel says] 0 *T*-1 [ARG0 J. Bruce Johnston , a former USX executive and now a labor and benefit consultant with Adler Cohen & Grigsby in Pittsburgh] .
- [ARG1 He wanted your own unbiased , virgin opinion] , '' [rel says] *T*-1 [ARG0 Mr. Johnson , now managing director at Georgeson & Co. , a proxy-solicitation and investor-relations firm] .
- [ARGM-ADV *-1 Ever the pragmatist] , [ARG0 Mr. Corry] [rel said] [ARGM-TMP in August] [ARG1 that he realized that USX is on `` acquisition screens all over the country] . ''
- `` [ARG1 It *EXP*-5 's part of the capitalistic market system that equity can be bought *-6 and equity is bought *-7] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Westinghouse Electric Corp.] [rel said] [ARG1 0 it will buy Shaw-Walker Co] .
- Separately , the New York Times reported that the Israeli government had provided its correspondent in Jerusalem with different documents that [ARG0 Israel] [rel said] [ARG1 0 *T*-1 prove 0 the PLO has been conducting terrorism from the occupied Arab territories] .
- [ARG0 The State Department] [rel said] [ARG1 0 it has n't yet seen copies of those papers] .
- [ARGM-TMP Now] , [ARG0 Jerusalem] [rel says] [ARG1 0 it is backing up its contention with detailed accounts of alleged terrorist acts and plans linked * to Mr. Arafat] .
- [ARG0 U.S. officials] , [ARGM-DIS however] , [rel said] [ARG1 0 they are n't buying the Israeli argument] .
- [ARG0 The State Department] [rel said] [ARG1 0 it had received a new letter on the subject *ICH*-1 from Israeli Foreign Minister Moshe Arens , restating Israel 's previous objection to * negotiating with any Palestinian tied * to the PLO] .
- [ARGM-DIS But] [ARG0 U.S. officials] [rel say] [ARG1 0 they are n't satisfied 0 these incidents constitute terrorism because they may be offshoots of the intifadah , the Palestinian rebellion in the occupied territories , which the U.S. does n't classify *T*-1 as terrorism] .
- [ARGM-DIS In addition] , [ARG0 the officials] [rel say] [ARG1 0 Israel has n't presented convincing evidence 0 these acts were ordered *-1 by Fatah or by any group 0 Mr. Arafat controls *T*-2] .
- [ARG0 U.S. terrorism experts] [ARGM-DIS also] [rel say] [ARG1 0 they are highly uncertain about the veracity of the separate documents leaked * to the New York Times] .
- The papers , which [ARG0 Israel] [rel says] [ARG1 0 *T*-3 were discovered *-1 in Israeli-occupied Gaza] , refer to terrorist acts 0 *T*-4 to be carried *-2 out in the name of a group called * `` the Revolutionary Eagles . ''
- [ARG0 A U.S. counterterrorism official] [rel said] [ARG1 0 experts are studying the Israeli list] .
- `` [ARG1 We have no independent evidence linking Fatah to any acts of terrorism since Dec. 15 , 1988] , '' [ARG0 he] [rel said] *T*-3 , [ARGM-ADV *-2 referring to the specific PLO group that Mr. Arafat heads *T*-1] .
- [ARG0 Mr. Carmon] [rel said] [ARG1 0 he also presented the list last week to William Brown , U.S. Ambassador to Israel] .
- `` [ARG1 The question *ICH*-1 remains : how much can the West German market absorb *T*-2 ?] '' [rel says] *T*-3 [ARG0 one senior dealer] .
- [ARG0 Some dealers] [rel say] [ARG1 that Bank of Japan Governor Satoshi Sumita 's reassurance that Japanese monetary policy wo n't be changed *-1 for the time being has given investors an added excuse 0 * to push the yen down even further against the mark *T*-2] .
- [ARGM-ADV Despite the yen 's weakness with respect to the mark] , [ARG0 Tokyo traders] [rel say] [ARG1 0 they do n't expect the Bank of Japan to take any action * to support the Japanese currency on that front] .
- [ARG0 Some dealers] [rel said] [ARG1 that the market 's strong reaction to Wall Street reflects a general uneasiness about the dollar] .
- [ARG1 As some securities mature and the proceeds are reinvested *-1 , the problems ought *-2 to ease] , [ARG0 he] [rel said] 0 *T*-3 .
- [ARG0 Mr. Kriz of Moody 's] [rel said] [ARG1 0 the problems in the securities portfolio stem largely from positions taken * last year] .
- [ARG1 The company 's current management found itself `` locked *-1 into this] , '' [ARG0 he] [rel said] 0 *T*-2 .
- [ARGM-DIS But] [ARG0 people familiar with Boston Co. 's performance] [rel say] [ARG1 0 the unit had profit of around $ 17 million *U* for the third quarter , after *-1 barely breaking even for the first six months] .
- [ARG0 John Kriz , a Moody 's vice president ,] [rel said] [ARG1 0 Boston Safe Deposit 's performance has been hurt *-1 this year by a mismatch in the maturities of its assets and liabilities] .
- [ARG1 The mismatch exposed the company to a high degree of interest-rate risk , and when rates moved unfavorably *T*-1 -- * beginning late last year and continuing into this year -- `` it cost them] , '' [ARG0 Mr. Kriz] [rel said] 0 *T*-2 .
- [ARG1 Mexico exported an average of 1,296,800 barrels of crude oil a day at an average of $ 15.31 *U* a barrel during 1989 's first eight months for a total of $ 4.82 billion *U*] , [ARG0 Petroleos Mexicanos S.A.] [rel said] 0 *T*-1 .
- [ARG0 The state petroleum monopoly] [rel said] [ARG1 0 sales in the period gained 15 % , and $ 262.4 million *U* more than 0 *T*-1 originally projected *-2 at an average of $ 10 *U* a barrel on an export platform of 1,250,000 barrels a day] .
- [ARGM-DIS But] [ARG0 analysts] [rel say] [ARG1 0 Sears faces an especially daunting challenge on the eve of the Christmas shopping season] .
- `` [ARG1 I believe 0 everyday pricing in the current environment does n't work] , '' [rel says] *T*-2 [ARG0 Walter Loeb of Morgan Stanley & Co.] , [ARGM-ADV *-1 pointing to soft durable-goods sales] .
- The number of [ARG0 people] who *T*-1 [rel said] [ARG1 0 they were more likely *-2 to shop at Sears] fell in September to 37 % from 66 % in March , when Sears blanketed the airwaves with ads about its new pricing strategy *T*-3 .
- `` [ARG1 The power of price as an appeal , which *T*-1 was very considerable in * driving traffic in March and April , has diminished] , '' [rel says] [ARG0 George Rosenbaum , president of Shapiro & Associates] .
- [ARGM-MNR For the third quarter] , [ARG0 Sears] [rel said] [ARG1 0 its total revenue rose 4.8 % to $ 13.18 billion *U* from $ 12.57 billion *U* a year earlier] .
- [ARG0 Sears] [rel said] [ARG1 0 claims from the storm , as * expected *-1 , reduced its third-quarter net by $ 80 million *U* , or 23 cents a share] .
- [ARGM-DIS But] [ARG0 a spokesman] [rel said] [ARG1 0 the quake wo n't have as big a financial impact on Allstate as Hurricane Hugo did *?*] .
- [ARG0 Sears] [rel said] [ARG1 0 its U.S. stores had a loss of $ 6.9 million *U* , their first deficit for the period in more than five years] .
- [ARG0 The company] [rel said] [ARG1 0 it would resort far less often to *-2 slashing prices *-1 to woo shoppers] .
- The Federal Housing Administration , Veterans Administration and the Department of Housing and Urban Development further aggravate the problem of affordable housing stock by `` *-3 buying in '' to their foreclosed properties -LRB- of which there are , alas , many *T*-1 -RRB- at an inflated `` balance due '' -- [ARG0 *] [rel say] [ARG1 $ 80,000 *U* on a house worth $ 55,000 *U*] -- instead of allowing a free market to price the house for what it 's really worth *T*-2 .
- [ARG0 Istat] [rel said] [ARG1 0 a national survey during the first week of July showed 0 the number of job seekers was 2,888,000 up from 2,822,000 in April , and from 2,853,000 a year ago] .
- [ARG0 Istat] [rel said] [ARG1 0 369,000 more people *ICH*-2 were employed *-1 in July than in April] .
- [ARG1 Sales growth and profit in business products and systems -- Xerox 's main business -- were `` disappointing] , '' [rel said] 0 *T*-2 [ARG0 B. Alex Henderson , who *T*-1 follows the company for Prudential-Bache Securities Inc] .
- [ARG1 Sales of Xerox copiers and other office products grew 1.6 % ; `` we expected growth of 6 % to 7 % *U*] , '' [ARG0 Mr. Henderson] [rel said] 0 *T*-1 .
- [ARG1 Still , with competitors such as Eastman Kodak Co. faltering in copier sales , Xerox 's sales increases `` were encouraging] , '' [rel says] 0 *T*-1 [ARG0 Eugene Glazer of Dean Witter Reynolds Inc] .
- `` [ARG1 They are holding their own in a weak market , and the restructuring is working] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-ADV While all the numbers in the durable goods report were adjusted *-1 for seasonal fluctuations] , [ARG0 a Commerce Department analyst] [rel said] [ARG1 that the adjustment probably did n't factor out all of the wide-ranging surge in defense orders] .
- [ARG1 Orders for military equipment , household appliances , machinery and other goods expected * to last at least three years dipped 0.1 % last month , to $ 126.68 billion *U* , after *-1 leaping 3.9 % in August] , [ARG0 the department] [rel said] 0 *T*-2 .
- [ARG1 That is a little disturbing] , '' [ARG0 Ms. Kleinman] [rel said] *T*-1 .
- [ARGM-DIS But] [ARG0 a Commerce Department analyst] [rel said] [ARG1 that in both months orders would have risen had it not been for a drop in civilian aircraft bookings , a category that *T*-1 is showing declines only after a huge surge earlier this year] .
- [ARGM-DIS Still] , [ARG0 Milton Hudson , senior economic adviser at Morgan Guaranty Trust Co. in New York ,] [rel said] : `` [ARG1 If you look back a half-year or so the evidence *ICH*-2 was pretty good of affirmative strength in the capital-goods sector] .
- [ARG1 That `` suggests 0 the manufacturing sector is not falling apart] , '' [rel said] 0 *T*-1 [ARG0 Sally Kleinman , an economist at Manufacturers Hanover Securities Corp. in New York] .
- Orders for capital defense goods skyrocketed 56 % , and [ARG0 a government analyst] [rel said] [ARG1 0 nearly all areas *ICH*-2 saw increases , including airplanes , missiles , ships , tanks and communications equipment] .
- [ARG1 Orders for military goods] usually catapult in September , [ARG0 government officials] [rel say] 0 *T*-1 , as the Pentagon scrambles *-2 to spend its money before the new fiscal year begins Oct. 1 .
- [ARG1 Longer term , however , the buy-back is expected *-1 to increase earnings , especially after 1990] , [ARG0 Mrs. Lidgerwood] [rel said] 0 *T*-2 .
- [ARG1 Moreover , the extensive program in effect establishes a floor for the stock price] , [rel said] 0 *T*-1 [ARG0 Joel Price , analyst for Donaldson , Lufkin & Jenrette] .
- [ARG1 The buy-back `` is really a comfort *ICH*-2 to those who *T*-1 want *-4 to buy the stock that there is a -LCB- price -RCB- floor] , '' [ARG0 he] [rel said] 0 *T*-3 .
- [ARG0 A spokeswoman] [rel said] [ARG1 0 the company will finance the buy-back with cash on hand , borrowing and `` cash 0 Norfolk expects *-2 to generate *T*-1] . ''
- [ARG0 Analysts] [rel said] [ARG1 0 they expected the action] , and investors applauded the move .
- `` [ARG1 The impact wo n't be that great] , '' [rel said] *T*-1 [ARG0 Graeme Lidgerwood of First Boston Corp] .
- [ARG1 That is in part because of the effect of * having *-2 to average the number of shares outstanding] , [ARG0 she] [rel said] 0 *T*-1 .
- [ARG0 Falcon Holding Group Inc.] [rel said] [ARG1 0 it agreed *-1 to acquire about 54,000 subscribers from First Carolina Cable TV Limited Partnership for about $ 100 million *U* , or roughly $ 2,000 *U* a subscriber] .
- [ARG1 Completion of the sale is expected *-1 early next year] , [ARG0 Falcon] [rel said] 0 *T*-2 .
- [ARG0 USX Corp.] [rel said] [ARG1 0 it delayed the proposed initial public offering of common stock of RMI Titanium Co. because of market conditions] .
- Your Oct. 2 editorial `` Reding , Wrighting & Erithmatic '' on the recent `` education summit '' was like most pieces on the subject of education : [ARG0 It] had [ARG1 little] 0 * to [rel say] *T*-1 .
- [ARGM-LOC In the Manager 's Journal] , [ARG0 Atsushi Kageyama] , [ARGM-ADV in *-3 commenting on many differences between American and Japanese culture] , [rel said] , `` [ARG1 Japanese children are raised *-1 in a way 0 many Americans would find *T*-2 severe] .
- `` [ARG1 Nothing is too good for our golf course] , '' [rel says] *T*-1 [ARG0 Tony George , a mining engineer] .
- `` [ARG1 If there 's diamonds out there , we 'll get to them] , '' [rel says] *T*-1 [ARG0 Les Johns , De Beers 's engineering manager] .
- [ARG1 JUST FIVE ACRES MORE are all 0 we need *T*-1 *-2 to feel really at home] , [ARG0 they] [rel say] 0 *T*-3 .
- [ARG1 Thus] , [ARG0 the IRS] [rel says] 0 *T*-1 , the Blandings ' $ 200,000 *U* loan is home-acquisition debt , and interest on it is fully deductible .
- [ARG1 The rule goes back at least as far as a 1930 Supreme Court decision] , [ARG0 Robert Willens of Shearson Lehman Hutton] [rel says] 0 *T*-1 .
- [ARG0 A spokesman] [rel says] [ARG1 0 the governor believes 0 he can avoid increases by *-1 relying on federal aid and shifting funds in state programs] .
- [ARG1 Ben earns any fees sent * directly to charity and is taxable on them] , [ARG0 the IRS] [rel says] 0 *T*-1 ; of course , he also may take a charitable deduction for them .
- [ARG0 A spokesman for North Carolina Gov. Martin] [rel says] [ARG1 0 Hugo has n't prompted proposals for state or local increases] .
- Legislators are talking about temporary rises in sales or gasoline taxes , although [ARG0 Gov. Deukmejian] [rel says] [ARG1 0 they should be a last resort] .
- [ARG0 Leonard Lauder , president and chief executive officer of Estee Lauder ,] [rel said] [ARG1 0 consumer magazines are suffering from what he called *T*-3 `` niche-itis , '' the increasing number of magazines that *T*-1 target the idosyncratic interests of readers] .
- `` [ARG1 Niche-itis fragments our advertising dollars] , '' [rel said] *T*-1 [ARG0 Mr. Lauder] .
- `` [ARG1 Readers do n't want *-2 to face all those ad pages at the front of a magazine] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 We spend a fortune on research information] , '' [rel said] [ARG0 Steve Burzon , publisher of Meredith Corp. 's Metropolitan Home] .
- And [ARG0 Tina Brown , editor of Conde Nast Publications Inc. 's Vanity Fair ,] [rel said] [ARG1 0 advertisers are frequently asked *-1 *-2 to take advertising positions in the back of her magazine * to relieve ad clutter] .
- `` [ARG1 But advertisers would n't think of it] , '' [ARG0 she] [rel said] *T*-1 .
- `` [ARG1 Magazines are not providing us in-depth information on circulation] , '' [rel said] *T*-1 [ARG0 Edgar Bronfman Jr. , president and chief operating officer of Seagram ,] [ARGM-LOC in a panel discussion] .
- [ARG0 Reuben Mark , chief executive of Colgate-Palmolive ,] [rel said] [ARG1 0 advertisers lack detailed demographic and geographic breakdowns of magazines ' audiences] .
- [ARG0 Analysts] [rel say] [ARG1 0 investors remain skittish toward Salomon because of its volatile earnings] .
- [ARG0 Salomon] [rel said] [ARG1 0 net income soared to $ 177 million *U* , or $ 1.28 *U* a share , from $ 65 million *U* , or 38 cents a share , a year earlier] .
- [ARG0 A Salomon spokesman] [rel said] [ARG1 0 its stock , bond and foreign exchange trading , as well as its investment banking operations , were mostly responsible for the earnings jump] .
- `` [ARG1 The earnings were fine and above expectations] , '' [rel said] *T*-1 [ARG0 Michael W. Blumstein , an analyst at First Boston Corp] .
- `` [ARG1 I suspect 0 October was n't as good as the third quarter , and they 'll have difficulty *-2 matching the third quarter in the fourth quarter] , '' [ARG0 Mr. Blumstein] [rel said] *T*-1 .
- [ARGM-DIS But] [ARG0 some analysts] [rel say] [ARG1 0 Salomon has turned the corner] .
- `` [ARG1 I upgraded the firm to my buy list because I certainly see signs of improvement] , '' [rel says] *T*-1 [ARG0 Lawrence Eckenfelder , an analyst at Prudential-Bache Securities] .
- `` [ARG1 There are n't as many economically viable alternatives for real estate developers in this country as 10 years ago] , '' [rel says] *T*-1 [ARG0 Charles Shaw , a Chicago-based real estate developer] . ``
- [ARGM-DIS So] [ARG0 developers] are [rel saying] [ARG1 0 they will look into distressed properties] .
- `` [ARG1 Developers are teaming up with institutions *-1 often acting as project managers] , '' [rel says] *T*-2 [ARG0 Smedes York , ULI president and president of York Properties Inc. , of Raleigh , N.C] .
- `` [ARG1 Why should you beat your brains out *-1 fighting the environmentalists , the neighborhood groups , dealing with traffic mitigation , sewers and fighting city hall *T*-2 , then try *-1 to convince a lender to lend you money in an overbuilt market when you can get pension fund money , buy a portfolio , sell off pieces off it and play your own game ?] '' [rel says] *T*-3 [ARG0 Jack Rodman , managing partner of the Los Angeles office of Kenneth Leventhal Inc. a national accounting firm] .
- [ARGM-DIS But] [ARG0 experts] [rel say] [ARG1 that when it comes to distressed properties *T*-1 , * finding diamonds in the rough is n't easy] .
- [ARG1 The level of interest in the RTC 's properties has been greater than * expected *-1 , and has come from larger companies than * initially anticipated *-2] , [rel says] 0 *T*-3 [ARG0 Stan Ross , Leventhal 's co-managing partner] .
- [ARG1 And] *-1 to succeed in the turnaround business , [ARG0 he] [rel says] 0 *T*-2 , developers may have *-1 to put in a lot of money and time .
- [ARG0 Sheraton and Pan Am] [rel said] [ARG1 0 they are assured *-1 under the Soviet joint-venture law that they can repatriate profits from their hotel venture] .
- [ARG0 Thomas Plaskett , Pan Am 's chairman ,] [rel said] [ARG1 0 the U.S. airline 's participation is a natural outgrowth of its current arrangements *ICH*-1 with Aeroflot * to jointly operate nonstop New York-Moscow flights] .
- [ARG0 He] [rel said] [ARG1 0 the rising volume of passenger traffic on this route justifies a major investment in new high-standard Moscow hotels] .
- `` [ARG1 This is an outstanding example of how the East and the West can work together for their mutual benefit and progress] , '' [rel said] *T*-2 [ARG0 Soviet Ambassador Yuri Dubinin , who *T*-1 hosted a signing ceremony for the venture 's partners at the Soviet embassy here] .
- [ARG1 It has more sugar `` than any apple 0 we 've ever tested *T*-1] , '' [rel says] 0 *T*-2 [ARG0 Duane Greene , a University of Massachusetts pomologist , or apple scholar] .
- [ARG1 It has a long shelf life and `` does n't fool the public] , '' [rel says] 0 *T*-2 [ARG0 Grady Auvil , an Orondo , Wash. , grower who *T*-1 is planting Fujis and spreading the good word about them] .
- He is known *-1 as the father of the U.S.-grown Granny Smith , a radically different apple that [ARG0 the conventional wisdom] [ARGM-TMP once] [rel said] [ARG1 0 *T*-2 would never catch on] .
- `` [ARG1 The Fuji is going *-2 to be No. 1 0 *T*-3 to replace the Red Delicious] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Red Delicious has been overplanted *-1 , and its prices have dropped below the cost of production] , '' [rel says] *T*-2 [ARG0 Washington State 's Mr. Norton] .
- `` [ARG1 A lot of growers] wo n't be around in a few years , '' [rel says] *T*-2 [ARG0 Mr. Norton] , although they have stopped *-1 using Alar .
- `` [ARG1 This is beautiful stuff] , '' [ARG0 he] [rel says] *T*-2 , [ARGM-ADV *-1 looking ruefully at big boxes of just-picked Red Delicious next to his barn] .
- [ARG1 Even if a grower beats them back , his $ 2,000 *U* rented bees might buzz off to the neighbors ' orchards instead of pollinating his] , [ARG0 Mr. Broderick] [rel says] 0 *T*-1 .
- `` [ARG1 I 've ripped out a lot of Delicious '' and grafted the trees with many different shoots] , [rel says] *T*-1 [ARG0 Steve Wood , a West Lebanon , N.H. , grower] , [ARGM-ADV *-2 tramping through his 100-acre Poverty Lane Orchard on a crisp autumn day recently] .
- `` [ARG1 Rather than *-1 sell 39-cents-a-pound Delicious , maybe we can sell 79-cents-a-pound Fujis] , '' [rel says] *T*-2 [ARG0 Chuck Tryon , perishables director for Super Valu Inc. , a Minneapolis supermarket chain and food distributor] .
- `` [ARG1 The Japanese apple market is very keyed to high quality] , '' [rel says] *T*-1 [ARG0 David Lane] , a scientist at a Canadian horticulture research center in Summerland , British Columbia , and so apples are more of a delicacy *ICH*-2 there than a big food commodity .
- [ARG1 But] in California , [rel says] 0 *T*-1 [ARG0 Craig Ito , a Fuji-apple grower] , `` There 's a Fuji apple cult .
- [ARG0 Some fruit visionaries] [rel say] [ARG1 0 the Fuji could someday tumble the Red Delicious from the top of America 's apple heap] .
- [ARG0 Mr. Auvil , the Washington grower ,] [rel says] [ARG1 that he could sell Fujis to Taiwan buyers at $ 40 *U* a box if he had them] .
- [ARG0 Mr. Broderick , the Massachusetts grower ,] [rel says] [ARG1 0 the `` big boss '' at a supermarket chain even rejected his Red Delicious recently because they were n't waxed and brushed *-1 for extra shine] .
- `` [ARG1 Taste has finally come to the fore] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Brush Wellman Inc.] [rel said] [ARG1 0 its board increased the number of shares of common stock 0 *T*-2 to be purchased *-1 under a previously authorized program to 3.9 million from 2.9 million] .
- [ARG0 The firms] have [ARGM-ADV all] [rel said] [ARG1 that West Virginia 's suit is without merit] .
- [ARG0 White House spokesman Marlin Fitzwater] , [ARGM-ADV *-1 confirming comments made * this week by Vice President Dan Quayle] , [rel said] [ARG1 0 Mr. Bush is `` interested '' in * finding a suitable test case] .
- [ARGM-DIS But] [ARG0 he] [ARGM-DIS also] [rel said] [ARG1 that * exercising a test line-item veto is n't a `` top initiative '' on the president 's agenda because he faces more-pressing budget issues at the moment] .
- [ARG0 The Bush administration] [rel said] [ARG1 0 it is submitting a `` comprehensive '' proposal for * overhauling agricultural trade that *T*-1 could help break an impasse in the current round of multilateral trade negotiations] .
- [ARG0 It] [ARGM-DIS also] [rel says] [ARG1 0 countries could temporarily raise tariffs on certain products if they experience an unusually heavy volume of imports] .
- [ARG0 Trade Representative Carla Hills , who along with Agriculture Secretary Clayton Yeutter *T*-1 unveiled the proposal ,] [rel said] [ARG1 0 she is confident 0 it will gain considerable support from the U.S. 's trading partners] .
- [ARG0 Mr. Yeutter] , [ARGM-ADV *-4 seeking *-5 to allay European objections to an earlier U.S. plan that *T*-1 called for * eliminating all farm-trade barriers by the year 2000] , [rel said] [ARG1 0 the new U.S. proposal would n't `` put farmers out of business '' but would only encourage them to `` grow what the markets desire *T*-2 instead of what the government wants *T*-3] . ''
- [ARG1 Last year 's drought in the Midwest prompted retailers to stock up on oils ahead of anticipated price increases , * boosting sales for Crisco and Puritan oils] , [ARG0 analysts] [rel said] 0 *T*-1 .
- `` [ARG1 But I 'm recognizing 0 there 's a good chance 0 they 'll do a bit better than that] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 If he does to the domestic operations what he did *T*-1 internationally] , '' [rel says] *T*-2 [ARG0 Mr. Zurkuhlen] , `` this company will earn $ 6 or $ 7 *U* a share in a few years .
- [ARG1 One factor helping sales and earnings was a 3 % price rise for most P&G products , except coffee] , [ARG0 analysts] [rel said] 0 *T*-1 .
- [ARG0 Jay Freedman , analyst with Kidder , Peabody & Co. ,] [rel said] [ARG1 0 P&G 's Always sanitary napkin , sold under the Whisper name in Japan , has firmly established itself as a leading brand] .
- `` [ARG1 In the past , people who *T*-1 had *-2 to run for office had *-3 to moderate their views because they could n't afford *-4 to offend blacks or whites] , '' [ARG0 he] [rel said] *T*-5 .
- [ARG1 A small farmer and a seaport merchant could not be represented *-1 by the same spokesman] , [ARG0 they] [rel said] 0 *T*-2 .
- [ARG1 Large , heterogeneous election districts] would encourage good government , [rel said] 0 *T*-1 [ARG0 Madison] , because a representative would be compelled *-2 to serve the interests of all his constituents and be servile to none .
- [ARG0 Racial gerrymandering -- * creating separate black and white districts --] [rel says] [ARG1 that we have discarded that belief in our ability * to live together and govern ourselves as one people] .
- `` [ARG1 People are waiting for -LCB- new -RCB- factory giveaways] , '' [rel said] *T*-2 [ARG0 Ben Kaye , sales manager of Bob Brest Auto World in Lynn , Mass. , whose sales *T*-1 are slow] .
- [ARG1 The sales are being dragged *-1 down by a glut of 1989 vehicles] , [rel said] 0 *T*-2 [ARG0 Joel Pitcoff , a Ford analyst] .
- [ARG1 The earlier use of incentives depleted the market of `` scavengers '' for bargain-basement 1989 cars] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Yet] Israel will neither share power with all these Arabs nor , [rel says] 0 *T*-1 [ARG0 its present prime minister] , redraw its borders closer to its pre-1967 Jewish heartland .
- `` [ARG1 The market started with several strikes against it] , '' [rel said] *T*-1 [ARG0 Peter DaPuzzo , head of retail equity trading at Shearson Lehman Hutton] , [ARG3-ADV *-2 referring to news that the labor-management buy-out of UAL Corp. continued *-3 to unravel , and reports that the junk-bond market is disintegrating] .
- [ARG1 But the computer-guided selling in response to those developments dealt a serious blow to the over-the-counter market] , [ARG0 Mr. DaPuzzo] [rel said] 0 *T*-1 .
- [ARG1 Even though the over-the-counter market usually does n't fall by as much as listed stocks during program-selling blitzes] , [ARG0 he] [rel said] 0 *T*-2 , `` when the market does recover *T*-3 , the damage is done *-1 and it leaves Nasdaq down more than the Big Board . ''
- [ARG0 The market makers] [rel say] [ARG1 0 they are n't comfortable *-1 carrying big positions in stocks because they realize 0 prices can tumble quickly] .
- [ARG0 He] [rel said] [ARG1 that when sell programs kick in *T*-1 , many traders believe that `` there 's no sense in * sticking your nose out because you 're an instant loser] . ''
- [ARG0 Lodestar Group] [rel said] [ARG1 0 it will make a $ 6-a-share *U* offer for the remaining Kinder-Care Learning Center common stock if it acquires a majority of the company 's shares in a pending rights offering by Kinder-Care Learning Center 's parent , Kinder-Care Inc] .
- [ARG0 The company] [rel said] [ARG1 0 losses from the Oct. 17 earthquake in California have n't yet been determined *-1 , [ARGM-DIS but] that it provides earthquake coverage to about 1,400 properties in the stricken area] .
- [ARG0 The company] [rel said] [ARG1 0 losses from the Oct. 17 earthquake in California have n't yet been determined *-1 , but that it provides earthquake coverage to about 1,400 properties in the stricken area] .
- [ARG1 Any quake-related losses will be reported *-1 in the fourth quarter] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 the latest quarter included about $ 3.4 million *U* in special legal and financial advisory costs related * to McCaw Cellular Communications ' bid for the company and LIN 's merger pact with BellSouth] .
- [ARG0 The company] [rel said] [ARG1 0 net rose to 38 cents a share in its fiscal-first quarter ended Sept. 30 , from 35 cents a shares a year ago] .
- -- `` Arms Control Reality , '' Nov. 20 , 1984 , the first of [ARG0 some 20 Journal editorials] [rel saying] [ARG1 that Krasnoyarsk violated the ABM treaty] .
- -- `` [ARG1 Whether the installation is for early warning or space track , it clearly is not deployed *-1] , '' [ARG0 the lawmakers] [rel said] *T*-2 .
- -- The construction of this station equal in size to the Egyptian pyramids constituted , [ARG0 I] [rel say] [ARG1 it 0 *T*-1] [ARGM-MNR directly] , a clear violation of ABM .
- [ARG0 Manville Corp.] [rel said] [ARG1 0 it offered *-1 to buy $ 500 million *U* of its convertible preferred stock from the Manville Personal Injury Settlement Trust in a move that *T*-2 would improve the trust 's liquidity and reduce the potential number of Manville shares outstanding] .
- [ARG0 Manville] [rel said] [ARG1 0 it made the offer within the past several weeks as part of an effort * to improve shareholder value] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 they are `` to a large degree , housekeeping , '' although some may generate some disagreement] .
- [ARG0 Manville] [rel said] [ARG1 0 the shares issued * to the trust were intended *-2 to be sold *-1 , as * needed *-3 , and that Manville has the right of first refusal * to buy those shares] .
- [ARG0 It] [rel said] [ARG1 0 it would purchase the stock at market price] .
- [ARG0 Manville and a spokeswoman for the trust] [rel said] [ARG1 that the two are discussing the proposal but a decision has n't been made *-1] .
- `` [ARG1 We are considering that offer along with all other alternatives] , '' [ARG0 the trust spokeswoman] [rel said] *T*-1 .
- [ARG0 Wilbur Ross , financial adviser to the equity holders] [rel said] , `` [ARG1 Given the state 's strong bargaining position ... we believe 0 the NU plan provides the best recovery available '' to PS of New Hampshire 's equity holders] .
- `` [ARG1 I 'm on my own land] , '' [ARG0 Mr. Pyszkiewicz] [rel says] *T*-1 .
- `` [ARG1 Sometimes] , '' [rel says] *T*-1 [ARG0 his wife] , `` we 're happy about that . ''
- `` [ARG1 I pay a lot to the farmer and five times the state salary to my employees] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Mr. Siemienas is making a fortune -- $ 10,000 *U* a month] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 We know how * to get from capitalism to socialism *T*-2] , '' [ARG0 Sergiusz Niciporuk] is [rel saying] *T*-1 [ARGM-TMP one afternoon] .
- `` [ARG1 Many people in Poland hope 0 this government will break down] , '' [rel says] *T*-2 [ARG0 Mr. Niciporuk , who *T*-1 belongs to the local council and to Rural Solidarity] .
- `` [ARG1 Solidarity does n't care for the good of this region] , '' [ARG0 he] [rel says] [ARGM-TMP after a few pleasantries] .
- `` [ARG1 I care very much for this post] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Of course it *EXP*-1 's better * to sell private] , '' [ARG0 he] [rel says] *T*-2 , [ARGM-TMP as the butcher trundles away] .
- `` [ARG1 There 's no feed] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Country people breed pigs] , '' [rel says] *T*-1 [ARG0 Mr. Chojnowski] , [ARGM-ADV *-2 leaning against the back of his truck] .
- `` [ARG1 We are dealing with real entrepreneurs] , '' [rel says] *T*-2 [ARG0 Antoni Leopold , an economist who *T*-1 advises Rural Solidarity , the union 's countryside offshoot] .
- `` [ARG1 It 's bad soil] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 We wanted them to build a road here] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 The farmer] [ARGM-MOD can] [rel say] [ARG1 the same] for [ARG3-for coal , cement , saw blades] .
- `` [ARG1 I 've heard from friends that state farms are subsidized *-1] , '' [ARG0 Mr. Pyszkiewicz] [rel says] *T*-2 [ARGM-TMP as his wife , Wieslawa , sets some chairs out in the sun] .
- The underlying bill approved * yesterday is required *-2 * to keep the government operating past midnight tonight , and this urgency has contributed to the speed -- and , [ARG0 critics] [rel say] [ARG1 0 *?*] , mistakes -- that *T*-1 have accompanied the package of disaster assistance .
- `` [ARG1 We do not come to this House *-1 asking for any handout] , '' [rel said] *T*-2 [ARG0 the California Democrat] .
- [ARG1 Mobil Corp. is preparing *-1 to slash the size of its work force in the U.S. , possibly as soon as next month] , [rel say] 0 *T*-2 [ARG0 individuals familiar with the company 's strategy] .
- [ARG0 Individuals familiar with Mobil 's strategy] [rel say] [ARG1 that Mobil is reducing its U.S. work force because of declining U.S. output] .
- [ARGM-TMP Yesterday] , [ARG0 Mobil] [rel said] [ARG1 0 domestic exploration and production operations had a $ 16 million *U* loss in the third quarter , while comparable foreign operations earned $ 234 million *U*] .
- [ARG0 One Mobil executive] [rel said] [ARG1 that the $ 40 million *U* charge related * to the action indicates 0 `` a substantial '' number of people will be involved *-1] .
- [ARG0 Sources] [rel said] [ARG1 that meetings * to discuss the staff reductions have been scheduled *-1 for Friday at Mobil offices in New Orleans and Denver] .
- [ARG0 The report] [rel says] [ARG1 that `` the restructuring will take place over a two-year period and will principally involve the transfer and termination of employees in our U.S. operations] . ''
- [ARG0 A company spokesman , reached * at his home last night ,] [ARGM-MOD would] [ARGM-ADV only] [rel say] [ARG1 that there will be a public announcement of the reduction program by the end of the week] .
- [ARG1 *] Needless [ARG0 *] to [rel say] *-1 , he was talking about RICO .
- [ARG0 He] [rel said] [ARG1 0 ours is supposed *-1 to be `` a government of laws not of men , '' and yet RICO defenders `` tell us that we should rely on prosecutorial discretion *-2 to protect against overbreadth of RICO] . ''
- [ARG0 CBS executives] [rel said] [ARG1 0 the program is also slated *-1 to undergo some plot changes] .
- [ARG1 Creator Hugh Wilson , for example , included the lead character 's Greek family in the cast , `` but that is not the right focus anymore] , '' [rel said] 0 *T*-1 [ARG0 one CBS executive] .
- `` [ARG1 We 're making adjustments *ICH*-2 on the show , yes , but nothing radical] , '' [rel said] *T*-1 [ARG0 Craig Nelson , the story consultant on `` Teddy Z] . ''
- [ARG1 The opening credits] are being redone *-2 , [ARG0 Mr. Nelson] [rel said] 0 *T*-3 , `` * to make Teddy 's situation clear to viewers who *T*-1 have not been with us since the beginning .
- `` [ARG1 There is strong indication that ` Teddy Z ' is not compatible with the shows 0 it is surrounding *T*-1] , '' [rel said] *T*-2 [ARG0 John Sisk , senior vice president at J. Walter Thompson Co. , a unit of WPP Group PLC] .
- Although [ARG0 dealers] [rel said] [ARG1 0 investors are becoming more bearish toward the dollar in the wake of the stock market 's recent troubles and as the U.S. economy weakens] , the dollar ended down only modestly .
- [ARGM-DIS But] [ARG0 analysts] [rel said] [ARG1 0 the combination of a second consecutive decline in monthly durable-goods orders and lackluster mid-October auto sales helped *-1 prop up the Treasury market] .
- [ARG0 Mr. Bakker] [rel said] [ARG1 0 he was guilty of sin but not fraud] .
- [ARG0 Boeing Co.] [rel said] [ARG1 0 Trans European Airways ordered a dozen 737 jetliners valued * at a total of about $ 450 million *U*] .
- Of heart-pounding moments there were nearly none , and [ARG1 whether this has *-2 to do with Mr. Kleiber or the wooden cast] is hard 0 [ARG0 *] to [rel say] *T*-1 .
- [rel Says] [ARG1 *ICH*-2] [ARG0 director George Miller -LRB- `` Mad Max '' -RRB-] : `` I think 0 the Tokyo festival may become known *-1 as a major attraction for young directors because of the money as well as the recognition . ''
- [ARG0 Vincent Tolentino , a correspondent for the French magazine Telerama ,] [rel says] of [ARG3-of the recently ended Tokyo festival] : `` [ARG1 No one makes deals ... and most of the films have been seen *-1 before at other festivals] . ''
- [ARG1 Japan is considering *-1 giving aid to Hungary and Poland *-2 to support their recent political reforms] , [ARG0 a spokesman for the Foreign Ministry] [rel said] 0 *T*-3 .
- `` [ARG1 This is the first time , if we decide *-2 to do so , for Japan to extend aid of this kind to Eastern European countries] , '' [ARG0 the spokesman] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 Prime Minister Toshiki Kaifu also is studying the possibility of a visit to the two Eastern bloc nations and to Western Europe next January] .
- `` [ARG1 I demand the utmost severity in the fight against drug traffickers] , '' [ARG0 President Mitterrand] [rel said] *T*-1 [ARGM-TMP after the meeting in Valladolid , Spain] .
- [ARG1 That conference , which *T*-1 began yesterday , was expected *-2 to cover such matters as police training and extradition agreements] , [ARG0 Spanish officials] [rel said] 0 *T*-3 .
- [ARG0 A Toto spokesman] [rel said] [ARG1 0 the toilet not only tests blood pressure , pulse and urine , it also stores the data for up to 130 days] .
- [ARG0 Hector Castaneda Jimenez , chief prosecutor at the Attorney General 's Office ,] [rel said] [ARG1 that an estimated $ 82.8 million *U* in government property and unpaid taxes have been recovered *-1 in the campaign * to root out official corruption] .
- [ARG1 Those employees are suspected *-1 of * illegally gaining an estimated $ 376.8 million *U*] , [ARG0 the prosecutor] was quoted as *-2 [rel saying] 0 *T*-3 by the Excelsior news service .
- `` [ARG1 The rest will probably not be recoverable either because the statute of limitations expired or because many prefer *-2 to spend additional time in jail rather than return the money] , '' [ARG0 the prosecutor] [rel said] *T*-1 .
- `` [ARG1 The decision * to distribute machetes *ICH*-1 at this time , which *T*-3 could be used *-2 as weapons , is under review] , '' [rel said] *T*-4 [ARG0 a U.N. spokesman] ... .
- [ARG0 Sources close to the family of Pakistani Prime Minister Benazir Bhutto] [rel said] [ARG1 0 she is expecting a second child , probably early next year] .
- [ARG0 Cray] [rel said] [ARG1 0 its order backlog at Sept. 30 was $ 315 million *U* , down $ 25 million *U* from June 30] .
- [ARG0 Marcello Gumucio , president ,] [rel said] [ARG1 0 the company `` did well in the quarter as far as revenues and earnings are concerned *-1 , and not quite as well in terms of signing orders] . ''
- [ARGM-LOC In what *T*-1 has become a series of bad-news announcements] , [ARG0 the world 's largest maker of supercomputers] [rel said] [ARG1 that after *-2 reviewing its order prospects , `` we have concluded 0 it *EXP*-3 is prudent * to plan for next year on the assumption 0 that revenue again will be flat] . ''
- [ARG0 He] [rel said] [ARG1 0 1989 's net income could be 11 % to 13 % *U* of revenue , which , * assuming current expectations , *T*-1 would be 40 % to 45 % *U* below 1988 's level] .
- [ARG1 Next year `` looks dismal] , '' [rel said] 0 *T*-1 [ARG0 analyst Paul Luber of Robert Baird & Co. , Milwaukee] .
- [ARGM-ADV *-1 Noting that Cray does n't have a low-end supercomputer 0 *T*-2 to compete with the likes of Convex Computer Corp. and International Business Machines Corp.] , [ARG0 Mr. Luber] [rel said] [ARG1 0 such a machine would be necessary `` * to get things back on line here] . ''
- [ARG0 Cray] [rel said] [ARG1 0 it earned $ 30.6 million *U* , or $ 1.04 *U* a share , up 35 % from $ 22.6 million *U* , or 73 cents a share , a year ago] .
- [ARG1 Overseas sales were stronger , principally because of a rebound in Brazil , where economic turmoil had hurt year-earlier results *T*-1] , [ARG0 Johnson & Johnson] [rel said] 0 *T*-2 .
- [ARG0 Mr. Lothson of PaineWebber] [rel said] [ARG1 0 the company 's sales pace has been picking up largely because the effect of unfavorable exchange rates has been easing -- a pattern continuing this quarter] .
- [ARG1 For last year 's fourth quarter , the company 's tax rate was less than 20 %] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 While the third period contained no major surprises] , [ARG0 Mr. Lothson] [rel said] 0 *T*-2 , the results show how sensitive the multinationals can be *T*-1 to developments in a single country such as Brazil .
- [ARGM-LOC In a statement] , [ARG0 Ralph S. Larsen , chairman and chief executive officer ,] [rel said] [ARG1 0 the company was pleased with its third-quarter sales performance , `` especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter] . ''
- [ARG0 David J. Lothson , an industry analyst for PaineWebber Group Inc. ,] [rel said] [ARG1 0 Johnson & Johnson 's results slightly exceeded his expectations for the third quarter] .
- [ARG1 Eprex , used * by dialysis patients who *T*-1 are anemic , and Prepulsid , a gastro-intestinal drug , did well overseas] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 Despite health-care cost controls and programs 0 *T*-2 to hold down inventory , the professional division , which *T*-1 makes products including sutures and surgical stapling equipment , `` achieved solid growth] , '' [ARG0 Johnson & Johnson] [rel said] 0 *T*-3 .
- [ARG1 But previous sales have often been sales of shares purchased * through the exercise of stock options and sold six months later , as soon as * allowed *-2] , [rel said] 0 *T*-1 [ARG0 Robert Gabele , president of Invest\/Net] .
- [ARG1 The most recent sales do n't appear *-1 to be option-related] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 A spokesman for Mr. Miles] [rel said] [ARG1 0 he bought the shares because he felt 0 they were `` a good investment] . ''
- [ARG0 Gary Straub , corporate counsel for the company ,] [rel said] [ARG1 0 the directors sold for `` personal financial reasons] . ''
- [ARG1 Pegasus Gold `` has been on a lot of recommended lists as a junior growth company stepping into the big leagues] , '' [rel says] 0 *T*-1 [ARG0 Marty McNeill , metals analyst at Dominick & Dominick , a New York investment firm] .
- [ARG0 A company spokesman] declined *-1 to comment and [rel said] [ARG1 that the officials who *T*-4 sold shares would n't comment] .
- [ARG0 The received Darwinian wisdom of the day] [rel said] [ARG1 that animals living so long ago must be simple in design , limited in scope and ancestral to contemporary species] .
- `` [ARG1 The impact , if there is any , will be impossible 0 * to judge *T*-2 ahead of time because the decision whether * to use -LCB- racketeering charges -RCB- is made *-1 in individual cases '' by Justice Department officials in Washington] , [ARG0 he] [rel said] *T*-3 .
- [ARGM-LOC In a memorandum describing the guidelines] , [ARG0 Assistant Attorney General Edward Dennis Jr.] [rel said] [ARG1 that government efforts * to freeze defendants ' assets pending racketeering prosecutions `` have been the subject of considerable criticism in the press] . ''
- But [ARG0 Mr. Runkel] [rel said] [ARG1 0 the government is n't `` backing off on these kinds of matters at all] .
- But [ARG0 David Runkel , chief Justice Department spokesman ,] [rel said] [ARG1 0 the guidelines `` are a codification and a clarification far more than a new direction] . ''
- [ARGM-LOC In the new guidelines] , [ARG0 the Justice Department] [rel says] [ARG1 that in * attempting *-1 to freeze disputed assets before trial , `` the government will not seek *-2 to disrupt the normal , legitimate business activities of the defendant '' and `` will not seek ... *-2 to take from third parties assets legitimately transferred * to them] . ''
- [ARG1 Mr. Brown , meanwhile , believes 0 `` only one tax will be feasible , and it will be a one-penny sales tax increase] , '' [rel said] *T*-1 [ARG0 Chuck Dalldorf , an aide] .
- [ARG1 The fund has about $ 1 billion *U* and is set *-2 up *-3 to handle `` precisely the kind of emergency '' 0 the state faces *T*-1] , [rel said] 0 *T*-4 [ARG0 Tom Beermann , the Governor 's deputy press secretary] .
- [ARGM-DIS Moreover] , [ARG0 an aide to Mr. Brown] [rel said] [ARG1 0 Gov. Deukmejian `` has expressed a desire * not to spend all the reserve on this] . ''
- [ARG1 And then it will be required *-1 to lower taxes by a corresponding amount during a three-year period after the temporary tax increase ends] , [rel said] 0 *T*-2 [ARG0 Cindy Katz , assistant director of the state department of finance] .
- `` [ARG1 If there 's an emergency and there are n't sufficient funds from elsewhere , I think 0 the attitude will be supportive] , '' [rel said] *T*-1 [ARG0 Kirk West , president of the California Chamber of Commerce] .
- `` [ARG1 It *EXP*-1 's possible , though not probable , '' that the state could get by with its existing resources and federal help] , [rel said] *T*-2 [ARG0 Quentin Kopp , chairman of the state senate 's transportation committee] .
- [ARG0 A Board of Control spokesman] [rel said] [ARG1 0 the board had not seen the claim] and declined *-1 to comment .
- [ARG0 Willie Brown , speaker of California 's Assembly ,] [rel said] [ARG1 that Gov. George Deukmejian has agreed *-1 to schedule a special session of the legislature within two weeks] .
- [ARG1 The issue is expected *-1 to receive a double-A rating from Moody 's] , [ARG0 the underwriter] [rel said] 0 *T*-2 .
- [ARG0 Some entrepreneurs] [rel say] [ARG1 0 the red tape 0 they most love *-2 to hate *T*-1 is red tape 0 they would also hate *-3 to lose *T*-4] .
- [ARG1 Rules that *T*-1 set standards for products or govern business behavior , generally the best regarded form of red tape , `` create a level playing field and keep unscrupulous competitors away] , '' [rel says] 0 *T*-3 [ARG0 Sidney West , president of TechDesign International Inc. , a Springfield , Va. , business that *T*-2 designs telecommunication and other products] .
- [ARG1 * Determining when handicapped access is required *-1 *T*-3 can be a nightmare for architects] , [rel says] 0 *T*-2 [ARG0 Mark Dooling , president of Dooling & Co. , a Newton , Mass. , architectural firm] .
- [ARG1 There is such a maze *ICH*-2 of federal , state and local codes that `` building inspectors are backing away from *-3 interpreting them] , '' [ARG0 Mr. Dooling] [rel says] 0 *T*-1 .
- `` [ARG1 It 's very costly and time-consuming] , '' [rel says] *T*-1 [ARG0 Phil Rosen , a partner in Fleet & Leasing Management Inc. , a Boston car-leasing company] .
- [ARG1 One senior executive at his firm spends nearly 20 % of his time on insurance] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 The most onerous] , [ARG0 many entrepreneurs] [rel say] 0 *T*-1 , is the record-keeping and filing required * by tax authorities .
- [ARG0 Peter Gebhard , the company 's owner ,] [rel says] [ARG1 0 spending on regulatory paper work and the people 0 *T*-1 to do it -- mostly 0 * to comply with federal , state and local environmental laws *T*-2 -- will rise almost 30 % this year to $ 100,000 *U*] .
- [ARG1 Eastern Reproduction Corp. , a Waltham , Mass. , maker of thin metal precision parts , must report to five federal and state agencies as well as to local fire , police , hospital and plumbing authorities] , [rel says] 0 *T*-1 [ARG0 Robert Maguire , president] .
- [ARG1 One state environmental regulator returned a report because `` it was n't heavy enough , it could n't have been correct] , '' [ARG0 Mr. Maguire] [rel says] 0 *T*-1 .
- [ARG1 It 's especially nettlesome `` if you 're on the road and you 're the one responsible] , '' [rel says] 0 *T*-1 [ARG0 Eddie Brown , president of Brown Capital Management Inc. , a Baltimore money-management firm] .
- [ARG1 An employer leaves itself open to a great deal of liability if its employee manuals do n't reflect the most recent laws] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG0 Alice Fixx , who *T*-1 runs her own public-relations concern in New York ,] [rel says] [ARG1 0 she has had *-2 to overhaul her pension and profit-sharing plans three times in the past three years] .
- `` [ARG1 It does n't increase benefits , but it 's costly and time-consuming] , '' [ARG0 Ms. Fixx] [rel says] *T*-1 .
- [ARG1 Compliance added 15 % to 20 % *U* to her accounting bill last year] , [ARG0 she] [rel says] 0 *T*-1 .
- `` [ARG1 You need one person 0 *T*-2 to just take care of sales tax] , '' [rel says] *T*-1 [ARG0 Jennie Tong , executive vice president of Lee Liu & Tong Advertising Inc. , New York] .
- `` [ARG1 A great many federal regulations are meant *-1 for larger entities and do n't really apply to small businesses] , '' [rel says] *T*-2 [ARG0 Marian Jacob , a legislative aide to Sen. Wallop] .
- `` [ARG1 Talk hurts from where it spurts *T*-2] , '' [ARG0 one of them] [rel says] *T*-1 .
- [ARGM-MNR Like Brecht , and indeed Ezra Pound ,] [ARG0 Ms. Bogart] has [rel said] [ARG1 that her intent in such manipulative staging of the classics is simply an attempt * to `` make it new] . ''
- [ARG0 ESB] [rel said] [ARG1 0 it was given *-1 only a three-hour advance warning on a `` * take it or leave it '' basis from Inco , as the Toronto company is called *-2 *?*] .
- `` [ARG1 ESB is aware that a hostile tender offer is being made *-1 by a foreign company for all of ESB 's shares] , '' [rel said] *T*-2 [ARG0 F.J. Port , ESB 's president] .
- [ARG0 Joseph Flom , of Skadden , Arps , Slote , Meagher & Flom , which *T*-1 became a leading legal firm in merger cases ,] [rel said] [ARG1 0 the case `` made takeovers respectable] . ''
- [ARG0 HomeFed Corp.] [rel said] [ARG1 0 third-quarter net income slid 14 % to $ 23.9 million *U* , or $ 1.10 *U* per fully diluted share , from $ 27.9 million *U* , or $ 1.21 *U* a fully diluted share , because of increased bad assets and unexpected trouble in * unloading foreclosed property] .
- [ARG0 It] [rel said] [ARG1 0 sales of such properties were slower than * anticipated *-1 in the third quarter , but it expects sales to pick up in the rest of the year] .
- [ARG0 HomeFed] [rel said] [ARG1 0 the slide in loan originations was more a matter of design than a sign of cooling in the California market] .
- [ARGM-DIS But] [ARG0 HomeFed] [rel said] [ARG1 0 it purposely curbed loan originations in the quarter because of uncertainty over the new capital requirements and regulations that *T*-1 will emerge from negotiations over * implementing the government 's massive thrift bailout bill] .
- [ARG0 It] [rel said] [ARG1 0 its real-estate operations earned a record $ 21.7 million *U* , more than double year-earlier real estate profit of $ 9 million *U*] .
- And [ARG0 analysts] [rel said] [ARG1 0 they see no signs of an imminent swoon in California real estate , even with last week 's earthquake] .
- [ARG0 The thrift] [rel said] [ARG1 0 earnings also were nicked *-1 in the quarter by a $ 4 million *U* provision for losses associated * with its previously reported plan * to liquidate a real-estate franchise network] .
- [ARG0 HomeFed] [rel said] [ARG1 0 most of the troubled assets are apartment complexes , shopping malls and other commercial real estate] .
- [ARG0 It] [rel said] [ARG1 0 about half are in California , with the rest scattered * across the country] .
- `` [ARG1 The -LRB- CD -RRB- market is unsettled right now] , '' [rel said] *T*-1 [ARG0 Banxquote 's Mr. Mehl] .
- `` [ARG1 Because of shrinkage in the economy , rates can be expected *-1 to decline over a one-year horizon] , '' [rel said] *T*-2 [ARG0 Norberto Mehl , chairman of Banxquote] .
- [ARG1 Lion Nathan Ltd. agreed *-1 to buy the franchise * to bottle , distribute and market Pepsi-Cola soft-drink products in Australia] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 Lion Nathan and PepsiCola Australia , a unit of PepsiCo Inc. of the U.S. ,] did [ARGM-NEG n't] [rel say] [ARG1 why Cadbury Schweppes will no longer hold the franchise] .
- [ARG1 Wang Laboratories Inc. has sold $ 25 million *U* of assets and reached agreements *ICH*-1 in principle * to sell an additional $ 187 million *U* shortly] , [ARG0 Richard Miller , president ,] [rel said] 0 *T*-2 [ARGM-LOC at the annual meeting] .
- [ARG0 He] [rel said] [ARG1 0 Wang had reached an agreement *ICH*-1 with a `` major financial firm '' * to sell for $ 150 million *U* its domestic equipment lease portfolio and that of its Wang Credit Corp. subsidiary] .
- [ARG0 He] [rel said] [ARG1 0 it also agreed *-1 to sell a portion of its European real estate unit for $ 37 million *U*] .
- [ARG0 Mr. Miller] [rel said] [ARG1 that Wang has already sold some $ 12 million *U* of miscellaneous assets] and disclosed that it had received $ 13 million *U* from Compaq Computer Corp. , Houston , in the previously announced sale of its Stirling , Scotland , plant .
- [ARGM-PNC In response to questions after the annual meeting] , [ARG0 Mr. Miller] [rel said] [ARG1 0 the company is no longer looking for an equity investor] .
- [ARGM-TMP During the summer] , [ARG0 Wang executives] had [rel said] [ARG1 0 they might seek outside investment] .
- [ARG0 Murata Mfg. Co.] [rel said] [ARG1 0 it is establishing a subsidiary *ICH*-2 in Britain 0 *T*-1 to produce electric parts , including ceramic condensers] .
- [ARG0 The Tokyo maker of ceramic capacitors] [rel said] [ARG1 0 it purchased a plant in Plymouth] .
- [ARG0 Murata] [rel said] , [ARGM-DIS however] , [ARG1 0 it will invest about 1.4 billion yen -LRB- $ 9.9 million *U* -RRB- in the new company] .
- [ARG0 The company , which *T*-1 has a European foothold , Murata Europe Management G.m.b . H. in Germany ,] [rel said] [ARG1 0 the latest venture is designed *-2 to meet demand for electric parts in European Community countries ahead of the creation of the unified market by the end of 1992] .
- [ARG0 Safeway Stores Inc.] reported a 69 % decline in profit for the fiscal third quarter , but [rel said] [ARG1 0 operating improvements were masked *-1 by unusual gains in the year-earlier period] .
- [ARG0 The Oakland grocery retailer , closely held * since a $ 4.2 billion *U* leveraged buy-out in 1986 ,] [rel said] [ARG1 0 profit for the three months ended Sept. 9 was $ 7.1 million *U* , compared with $ 23 million *U* a year earlier] .
- [ARGM-DIS But] [ARG0 it] [rel said] [ARG1 0 the year-earlier results included gains of $ 23.5 million *U* from divestitures] .
- [ARGM-TMP For the nine months] , [ARG0 the company] [rel said] [ARG1 0 profit fell 49 % to $ 23.5 million *U* from $ 46 million *U* in the year-earlier quarter , which *T*-1 included divestiture-related gains of $ 50.6 million *U*] .
- `` [ARG1 Options traders , arbitrage traders -- everyone] , '' [rel said] *T*-1 [ARG0 Mr. Bates] , [ARGM-ADV *-2 cooling down with a carton of apple juice after the close yesterday] .
- [ARG0 Big Board traders] [rel said] [ARG1 0 a 200,000-share buy order at $ 150 *U* a share entered * by Bear , Stearns & Co. , which *T*-1 was active in UAL stock all day , is what *T*-2 set off the UAL crowd in the late afternoon] .
- [ARG1 There was `` selling pressure from everyone] , '' [rel said] 0 *T*-1 [ARG0 one trader] .
- [ARG1 The Bear Stearns order that *T*-1 marked the late-day turnaround caused a `` massive buying effort '' as UAL jumped $ 20 *U* a share to $ 170 *U* in the last half hour] , [rel said] 0 *T*-2 [ARG0 Mr. Bates] .
- [rel Said] 0 [ARG1 *T*-2] [ARG0 Earl Ellis , a Jacobson partner who *T*-1 got involved *-3 in the UAL action] , `` It all starts all over again '' today .
- [ARG1 But we like *-1 to call it ` controlled chaos] , ' '' [rel said] 0 *T*-2 [ARG0 47-year-old Robert J. Jacobson Jr. , grandson of the firm 's founder] .
- [ARGM-ADV *-3 Fending off attacks on his economic policies in a House of Commons debate yesterday] , [ARG0 Mr. Lawson] [rel said] [ARG1 0 inflation `` remains the greatest threat to our economic well-being ''] and promised *-3 to take `` whatever steps *T*-2 are needed *-1 '' * to choke it off .
- [ARG0 The latest government figures] [rel said] [ARG1 0 retail prices in September were up 7.6 % from a year earlier] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 the downturn probably wo n't become a `` major contraction '' similar to those of 1974 and 1982] .
- `` [ARG1 The outlook has deteriorated since the summer , with orders and employment falling and output at a standstill] , '' [rel said] *T*-1 [ARG0 David Wigglesworth , chairman of the industry group 's economic committee] .
- [ARGM-ADV Increasingly] , [ARG0 economists] [rel say] [ARG1 0 the big deficit reflects the slipping competitive position of British industry] .
- `` [ARG1 When the country gets wealthier *T*-1 , we tend *-3 to buy high-quality imports] , '' [ARG0 Mr. Owen] [rel said] *T*-2 .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 0 investment by businesses is falling off] .
- [ARG0 Vickers PLC , a British aerospace , defense and automotive conglomerate ,] [rel said] [ARG1 0 it reached an agreed cash bid of # 108.2 million *U* -LRB- $ 173.3 million *U* -RRB- for Ross Catherall Group PLC , a maker of specialty alloy and ceramics] .
- [ARG0 The company] [rel said] [ARG1 0 it expects *-1 to receive acceptances for its offer of 253 pence -LRB- $ 4.05 *U* -RRB- per share representing at least 67 % of Ross Catherall 's issued share capital , or 12.7 million ordinary shares] .
- [ARG0 Vickers] [rel said] [ARG1 0 its offer also includes an option * to receive a redeemable loan note in lieu of cash] .
- [ARG0 The company] [rel said] [ARG1 0 its acquisition of Ross Catherall will be covered *-1 largely by cash raised * in its July disposal of Howson-Algraphy for # 241.7 million *U*] .
- `` [ARG1 It 's just a matter of * marketing and promoting ourselves] , '' [rel says] *T*-1 [ARG0 Headley Bell , a fifth-generation horse breeder from Lexington] .
- `` [ARG1 The industry is based *-1 on individual honesty] , '' [rel says] *T*-3 [ARG0 Cap Hershey , a Lexington horse farmer and one of the investors who *T*-2 bought Spendthrift] .
- `` [ARG1 People in this business have been insulated *-1] , '' [rel says] *T*-2 [ARG0 Josh Pons , a horse breeder from Bel Air , Md] .
- `` [ARG1 * Just imagine how exciting that would be *T*-2 if that 's your horse] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Buell] [ARGM-TMP recently] [rel said] [ARG1 0 it would incur an aftertax charge of about $ 3.6 million *U* in its fourth quarter ending Tuesday , in connection with the sale and discontinuance of several lines at a plant] .
- [ARG0 Dunkin ' Donuts Inc. , battling a takeover proposal by Canada 's DD Acquisition Corp. ,] [rel said] [ARG1 that its directors will evaluate takeover offers submitted * by Nov. 10] .
- [ARG0 Dunkin ' Donuts , based * in Randolph , Mass. ,] [ARGM-TMP previously] [rel said] [ARG1 0 it would explore `` alternatives , '' including a leveraged buy-out of the company , but had n't set a date for submission of proposals] .
- [ARG0 Dunkin ' Donuts Chairman and Chief Executive Robert M. Rosenberg] [rel said] [ARG1 0 `` a sale is one alternative being considered *] , '' but he added 0 the board has n't decided whether * to sell the doughnut franchiser .
- [ARG0 Combustion Engineering Inc.] [rel said] [ARG1 third-quarter net income of $ 22.8 million *U*] , [ARGM-ADV *-1 reversing a $ 91.7 million *U* year-earlier loss] .
- [ARG0 The Stamford , Conn. , power-generation products and services company] [rel said] [ARG1 0 per-share earnings were 56 cents compared with the year-ago loss of $ 2.39 *U*] .
- [ARG0 He] [rel said] [ARG1 0 Mr. Denlea would be a member of the top management team of the Axa-Midi group of companies , and would `` help *-1 define policies and strategies of the group] . ''
- [ARG1 Those credits result because of taxes that Farmers , as the management company , has paid *T*-2 , and have `` proved *-1 to be very important for the exchanges] , '' [ARG0 a Farmers spokesman] [rel said] 0 *T*-3 .
- [ARG0 Honeywell Inc. , Minneapolis ,] [rel said] [ARG1 0 it completed its previously announced sale of 16 % of the shares outstanding in its Japanese joint venture , Yamatake-Honeywell , for $ 280 million *U*] .
- [ARG1 The stake was acquired *-1 by a group of 10 Japanese financial institutions and industrial corporations , primarily insurance companies] , [ARG0 Honeywell] [rel said] 0 *T*-2 .
- [ARG0 Honeywell] [rel said] [ARG1 0 a second sale of Yamatake-Honeywell is still being negotiated *-1] .
- [ARG0 A company spokesman] [rel said] [ARG1 0 the gain on the sale could n't be estimated *-1 until the `` tax treatment has been determined *-2] .
- [ARG0 Bank of Montreal] [rel said] [ARG1 0 it added 850 million Canadian dollars -LRB- US$ 725.8 million *U* -RRB- to its reserves against losses on Third World loans , *-2 bringing the total 0 it has set *T*-1 aside this year to C$ 1 billion *U*] .
- [ARG0 The bank] said 0 the C$ 1 billion *U* in reserves will result in a charge of C$ 595 million *U* against earnings but [rel said] [ARG1 0 it still expects *-1 to report a profit for the year ending Tuesday] .
- [ARG0 The bank] [rel said] [ARG1 0 the C$ 1 billion *U* in reserves will result in a charge of C$ 595 million *U* against earnings] but said 0 it still expects *-1 to report a profit for the year ending Tuesday .
- [ARG0 The bank] [rel said] [ARG1 0 the increase in loan-loss provisions wo n't affect the payment of dividends] .
- [ARG0 The bank] [rel said] [ARG1 0 reserves now amount to 61 % of its total less-developed-country exposure] .
- [ARG0 Knight-Ridder Inc.] [rel said] [ARG1 0 third-quarter earnings jumped 18 % , partly because of the sale of two of its media properties] .
- [ARG0 The media concern] [rel said] [ARG1 0 net income rose to $ 37.8 million *U* , or 72 cents a share , from $ 32 million *U* , or 57 cents a share , in the year-earlier period] .
- [ARG0 Robert F. Singleton , Knight-Ridder 's chief financial officer ,] [rel said] [ARG1 0 the company was `` pleased '' with its overall performance , despite only single-digit growth in newspaper revenue] .
- [ARG0 ALBERTA ENERGY Co. , Calgary ,] [rel said] [ARG1 0 it filed a preliminary prospectus for an offering of common shares] .
- [ARG0 The natural resources development concern] [rel said] [ARG1 0 proceeds will be used *-2 * to repay long-term debt , which *T*-1 stood at 598 million Canadian dollars -LRB- US$ 510.6 million *U* -RRB- at the end of 1988] .
- [ARG1 The shares will be priced *-1 in early November] , [ARG0 she] [rel said] 0 *T*-2 .
- [ARG0 The company] attacked the government 's allegations as `` reckless and baseless mudslinging , '' and [rel said] [ARG1 0 its management `` promptly and accurately reported '' to the Pentagon all relevant information about billing practices] .
- [ARG0 Applied Solar Energy Corp. of City of Industry , Calif. ,] [rel said] [ARG1 0 it and its majority shareholder , American Cyanamid Co. , signed a non-binding letter of intent for the acquisition of Applied Solar by McDonnell Douglas Corp. for about $ 38 million *U*] .
- [ARG1 Details of the escrow agreement have n't been completed *-1] , [ARG0 the companies] [rel said] 0 *T*-2 .
- [ARG0 An Applied Solar spokesman] [rel said] [ARG1 0 completion is expected *-1 at the end of the year or early next year] .
- [ARG0 A spokeswoman for the St. Louis aerospace and defense concern] [rel said] [ARG1 0 it wanted the acquistion because Applied Solar is involved *-1 in solar cells and solid-state laser components , and this fits with McDonnell 's business of laser applications for military space] .
- [ARG1 Trading in Cineplex Odeon Corp. shares was halted *-1 on the New York and Toronto stock exchanges late yesterday afternoon at the company 's request] , [ARG0 Toronto Stock Exchange officials] [rel said] 0 *T*-2 .
- [ARG0 Brian Hemming , a spokesman for the company 's committee of independent directors , established in May * to solicit and evaluate offers for the company ,] [rel said] [ARG1 0 it was expected *-1 to make an announcement early this morning] .
- [ARGM-DIS But] [ARG0 Mr. Hemming] [rel said] [ARG1 0 he was n't aware of the nature of the talks under way between committee members and their advisers] .
- [ARG0 Dealers] [rel said] [ARG1 0 the market did n't react substantially to Ford Motor Co. 's disclosure *ICH*-2 to the U.S. Securities and Exchange Commission that it will seek 100 % of Jaguar 's shares outstanding when U.K. government share regulations are lifted *-1 at the end of next year *T*-3] .
- [ARG0 Observers] [rel said] [ARG1 0 the market again failed *-1 to find a trading focus , * discouraging much participation by investors] .
- [ARG1 The market , however , is expected *-1 to remain stable and expectations for future gains are high] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARG1 The expected amount] is [rel said] *-1 to be 700 billion yen -LRB- $ 4.93 billion *U* -RRB- to 1.05 trillion yen -- the second largest amount this year in a given period , following the record high set * at the end of July , according to market observers .
- [ARG0 Toshiyuki Nishimura , an analyst at Yamaichi Securities ,] [rel said] , `` [ARG1 The market sentiment is bullish , simply because there are few bad factors] . ''
- [ARG1 On the other hand , high-priced shares such as Pioneer Electronic and Sony failed *-2 to spark investor interest because these issues are unlikely *-3 to be bought *-1 by investment trust funds] , [ARG0 observers] [rel said] 0 *T*-4 .
- [ARG0 Traders] [rel said] [ARG1 0 the market was exceptionally thin , as small investors remain on the sidelines] .
- [ARG0 Market participants] [rel say] [ARG1 0 investors are not only licking their wounds following the turbulence last week , but they have also been made *-1 nervous by two events in West Germany] .
- [ARG0 Traders] [rel say] [ARG1 0 investors are worried that the CDU wo n't be able *-1 to hold office in federal elections at the end of 1990] .
- [ARGM-DIS And] [ARG1 statements by the chairman of the IG Metall labor union , Franz Steinkuehler , also cast a cloud over trading] , [ARG0 dealers] [rel said] 0 *T*-1 .
- [ARG0 Dealers] [rel said] [ARG1 0 the initial pressure came from mildly disappointing U.K. trade figures for September and a worrisome report *ICH*-1 by the Confederation of British Industry that a decline in orders for manufactured goods is depressing both business optimism and investment plans for the coming year] .
- [ARG0 Mr. Steinkuehler] [rel said] [ARGM-LOC at a convention in West Berlin] [ARG1 that the union has *-1 to prepare for `` a big fight '' * to achieve its main goal of a 35-hour workweek , down from current 37-hour workweek] .
- [ARG1 The trade and CBI reports refocused attention on high interest rates and corporate profitability and helped rekindle underlying concerns over prospects for a recession in the U.K.] , [ARG0 dealers] [rel said] 0 *T*-1 .
- [ARG0 The banks] [rel said] [ARG1 0 an application for a concession * to merge into one entity 0 *T*-3 to be called *-2 Den Norske Bank AS was sent *-1 Monday to the Finance Ministry] .
- [ARG0 The two boards] [rel said] [ARGM-LOC in a joint statement] [ARG1 that the proposed merger agreement was considered *-1 in separate board meetings in Oslo Monday] .
- [ARG0 They] [rel said] [ARG1 0 the agreement will be submitted *-1 to their respective supervisory boards next Wednesday] .
- [ARG1 Savings and loans reject blacks for mortgage loans twice as often as they reject whites] , [ARG0 the Office of Thrift Supervision] [rel said] 0 *T*-1 .
- [ARG0 The Federal Reserve] [rel said] [ARG1 0 its studies in recent years , which *T*-1 adjust for income differences and other variables , showed that blacks received fewer home mortgages *ICH*-2 from banks and thrifts than whites] .
- [ARG1 But that does n't necessarily mean 0 thrifts are discriminating against blacks] , [ARG0 the agency] [rel said] 0 *T*-1 .
- Several lawmakers were angered that [ARG0 the bank and thrift regulators] [ARGM-ADV generally] [rel said] [ARG1 0 they have been too busy *ICH*-2 *-1 handling the record number of bank and thrift failures in the past few years *-1 to put much energy into * investigating possible discrimination] .
- `` [ARG1 We would be the first 0 *T*-2 to admit that we have not devoted the necessary amount of emphasis over the past several years '' to * developing examinations for discrimination] , [rel said] *T*-1 [ARG0 Jonathan Fiechter , a top official of the Office of Thrift Supervision] .
- `` [ARG1 If we 've got folks out there who *T*-1 are being turned *-4 away in the mortgage market improperly and unfairly] , '' [rel said] *T*-3 [ARG0 Sen. Donald Riegle -LRB- D. , Mich. -RRB- , chairman of the banking committee] , `` then that is a matter that *T*-2 needs remedy now , not six months from now , or six years from now , or 26 years from now . ''
- [ARG0 Officials of the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency] [rel said] [ARG1 0 they have punished only a few banks for violations of anti-discrimination laws] .
- [ARG0 The FDIC] [rel said] [ARG1 0 it has issued five citations to banks over the past three years for discriminatory practices] .
- [ARG0 The comptroller 's office] [rel said] [ARG1 0 it found no indications of illegal discrimination in 3,437 examinations of banks since April 1987] .
- [ARG0 The comptroller 's office] [ARGM-DIS also] [rel said] [ARG1 that of 37,000 complaints 0 it received *T*-1 since January 1987 , only 16 *T*-2 alleged racial discrimination in real estate lending] .
- [ARG0 Mr. Fiechter] [rel said] [ARG1 that among the possibilities being considered * by regulators *-3 to fight discrimination is *T*-2 the use of `` testers '' -- government investigators who *T*-1 would pose as home buyers] .
- * Using testers could be controversial with financial institutions , but [ARG0 Mr. Grohl] [rel said] [ARG1 0 the U.S. League of Savings Institutions had n't yet taken any position on the matter] .
- [ARG0 The office , an arm of the Treasury ,] [rel said] [ARG1 0 it does n't have data on the financial position of applicants and thus * ca n't determine why blacks are rejected *-1 more often *T*-2] .
- [ARGM-DIS Nevertheless] , [ARGM-LOC on Capitol Hill , where the information was released *-1 yesterday at a Senate banking subcommittee hearing *T*-2 ,] [ARG0 lawmakers] [rel said] [ARG1 0 they are worried that financial institutions are routinely discriminating against minorities] .
- [ARG0 Sen. Alan Dixon -LRB- D , Ill. -RRB- , chairman of the subcommittee on consumer and regulatory affairs ,] [rel said] , `` [ARG1 I 'm not a statistician] .
- [ARG0 James Grohl , a spokesman for the U.S. League of Savings Institutions ,] [rel said] , `` [ARG1 The data is a red flag , but *-1 lacking the financial data you ca n't make a case that discrimination is widespread] . ''
- [ARG0 The executives] [rel say] [ARG1 0 Time may seek *-3 to break up the transaction after it is consummated *-1 , or may seek constraints that *T*-2 would prevent Tele-Communications from *-4 dropping HBO in any of its cable systems in favor of Showtime] .
- [ARG0 Jerome Kern , Tele-Communications ' chief outside counsel ,] [rel said] [ARG1 0 he was n't aware of Time 's legal plans] .
- [ARG1 Time is also fighting the transaction on other fronts , by *-1 attempting *-2 to discourage other cable operators from *-3 joining Tele-Communications as investors in Showtime] , [ARG0 cable-TV industry executives] [rel say] 0 *T*-4 .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 that any effort *ICH*-1 by Time * to characterize the Tele-Communications investment in Showtime as anti-competitive would be `` the pot calling the kettle black] . ''
- `` [ARG1 It *EXP*-3 's hard * to see how an investment by the largest -LCB- cable operator -RCB- in the weaker of the two networks is anti-competitive *T*-4 , when the stronger of the two networks is owned *-1 by the second largest '' cable operator *T*-5] , [ARG0 Mr. Kern] [rel said] *T*-2 .
- [ARGM-LOC In its suit against Time] , [ARG0 Viacom] [rel says] [ARG1 0 the ownership of both cable systems and cable-programming networks gives the company too much market power] .
- [ARGM-TMP Meanwhile] , [ARG0 some legal observers] [rel say] [ARG1 0 the Tele-Communications investment and other developments are weakening Viacom 's antitrust suit against Time] .
- [ARG0 Tele-Communications , the U.S. 's largest cable company ,] [rel said] [ARG1 0 it may seek other cable partners 0 *T*-1 to join in its investment] .
- [ARG1 Earlier this year , Time even discussed *-2 bringing Tele-Communications in as an investor in HBO] , [ARG0 executives at both companies] [rel said] 0 *T*-1 .
- [ARG1 The purchase of the Showtime stake is `` a direct slap in our face] , '' [rel said] 0 *T*-1 [ARG0 one senior Time executive] .
- [ARG0 Executives involved * in * plotting Time 's defense] [rel say] [ARG1 0 it is now preparing a countersuit naming both Viacom and Tele-Communications as defendants] .
- [ARG0 The Federal Trade Commission] [rel said] [ARG1 0 it authorized its staff to seek a preliminary injunction barring Imo Industries Inc. from *-1 acquiring the shares outstanding of the U.S. unit of the British company , United Scientific Holdings PLC , for $ 69 million *U*] .
- [ARG0 The FTC] [rel said] [ARG1 0 it `` had reason * to believe that the proposed acquisition could substantially reduce competition '' in the production of certain image intensifier tubes , which *T*-1 are important components of night-vision devices sold * primarily to the defense industry] .
- [ARG0 The FTC] [rel said] [ARG1 0 it would seek *-1 to enjoin the proposed acquisition in a federal trial court] , but declined *-2 to specify which one .
- The industry 's slowdown became apparent this month when [ARG0 AMR Corp. , parent of American Airlines ,] reported an 8.8 % drop in third-quarter net income and [rel said] [ARG1 0 its fourth quarter would be `` disappointing] *T*-1 . ''
- [ARGM-TMP Shortly before that] , [ARG0 USAir] had [rel said] [ARG1 0 its third-quarter results would be `` significantly lower '' than a year earlier] .
- `` [ARG1 Nobody was expecting this size of a loss] , '' [rel said] *T*-1 [ARG0 Paul Karos , an analyst with First Boston Corp] .
- It said 0 the industry 's domestic traffic was flat in the third quarter ; [ARG0 analysts] [rel say] [ARG1 0 this was because hefty fare increases earlier in the year scared off many leisure travelers this summer] .
- [ARG0 It] [rel said] [ARG1 0 the industry 's domestic traffic was flat in the third quarter] ; analysts say 0 this was because hefty fare increases earlier in the year scared off many leisure travelers this summer .
- [ARG0 Airlines] [ARGM-DIS also] [rel say] [ARG1 0 their frequent-flier programs are squeezing profits because awards are being redeemed *-1 at a heavier-than-normal rate] .
- [ARG0 One airline official] [rel said] [ARG1 0 about three times as many free-travel coupons *ICH*-1 are being turned in as in previous years -- not surprisingly , as the airlines last year allowed many travelers to build up mileage at triple the normal rate] .
- `` [ARG1 We can not quantify the total adverse effects of Hugo] , '' [rel said] *T*-1 [ARG0 Edwin Colodny , chairman and president of USAir Group] .
- And [ARG0 they] [rel say] [ARG1 0 the outlook for 1990 is nearly as bad] .
- [ARG1 Airlines in 1989 `` came in like a bang and are going out like a whimper] , '' [rel said] 0 *T*-1 [ARG0 Kevin Murphy , an airline analyst at Morgan Stanley & Co] .
- `` [ARG1 There are too many people participating] , '' [rel says] *T*-1 [ARG0 Al Ries , of Trout & Ries , a Greenwich , Conn. , marketing consulting firm] .
- [ARGM-DIS But] [ARG0 United Media] [rel says] [ARG1 0 it 's very scrupulous with the contracts 0 it hands *T*-1 out] .
- `` [ARG1 We 're not interested in *-3 promoting every single product that *T*-1 comes along] , '' [ARG0 Mr. Shore] [rel says] *T*-2 .
- But [ARG0 Mr. Shore] [rel says] [ARG1 0 that company 's exclusive advertising rights extend only to the insurance and financial services category] .
- [ARGM-TMP Yesterday] , [ARGM-TMP just a day after Mr. Roman announced 0 he would leave *-1 to take a top post at American Express] , [ARG0 WPP] [rel said] [ARG1 0 Mr. Berry would return *-2 to take an international role at the parent company] .
- [ARG0 Mr. Berry] [rel said] [ARG1 0 the timing was a coincidence and that his decision was unrelated to Mr. Roman 's departure] .
- New York-based RJR Nabisco would n't say what it spends *T*-1 annually , but [ARG0 industry executives] [rel say] [ARG1 0 it will spend more than $ 140 million *U* *ICH*-2 this year , down from about $ 200 million *U* last year] .
- [ARG0 New York-based RJR Nabisco] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 what it spends *T*-1 annually] , but industry executives say 0 it will spend more than $ 140 million *U* *ICH*-2 this year , down from about $ 200 million *U* last year .
- [ARG0 Interpublic Group of Cos.] [rel said] [ARG1 0 third-quarter net rose 15 % to $ 6.9 million *U* , or 21 cents a share , from $ 6 million *U* , or 18 cents a share , in the year-earlier period] .
- [ARG0 Pepsi] [rel said] [ARG1 0 it will spend $ 10 million *U* *-1 advertising the promotion] .
- `` [ARG1 Peanuts has become a major part of American culture] , '' [rel says] *T*-1 [ARG0 Peter Shore , United Media 's vice president of marketing and licensing] .
- [ARG1 The investment will be made *-1 through IBM Australia Ltd. , a unit of IBM] , [ARG0 the two companies] [rel said] 0 *T*-2 [ARGM-TMP yesterday] .
- [ARG0 Paxus] [rel said] [ARGM-LOC in a statement] [ARG1 0 it has several `` well developed product and services relationships '' with the U.S. computer company , and plans *-1 to expand these links] .
- [ARG1 Among these are *T*-1 the company 's Australian brewing assets , in the books at A$ 950 million *U* but actually worth A$ 2.5 billion *U*] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 An investment in Chile 's telephone company is carried *-2 at US$ 300 million *U* but really worth US$ 500 million *U* , and the company 's property portfolio is undervalued *-1 by at least A$ 250 million *U*] , [ARG0 Mr. Bond] [rel said] 0 *T*-3 .
- [ARG1 The debt load would have been higher but for a reduction of A$ 5 billion *U* over the past year from asset sales] , [ARG0 Mr. Bond] [rel said] 0 *T*-1 [ARGM-LOC at a business gathering] .
- `` [ARG1 In order *-2 to restore confidence and ensure the support of our principal lenders] , '' [ARG0 Mr. Bond] [rel said] *T*-1 , `` we embarked on fundamantal changes in the structure and direction of the group . ''
- [ARG0 Mercedes officials] [rel said] [ARG1 0 they expect flat sales next year even though they see the U.S. luxury-car market expanding slightly] .
- [ARG1 Most of the growth] , [ARG0 he] [rel said] 0 *T*-1 , will come in the $ 35,000-to-$50,000 *U* price range , where Mercedes has a 35 % U.S. market share *T*-2 .
- [ARG0 Mr. Krampe] [ARGM-DIS also] [rel said] [ARG1 that Mercedes plans *-1 to bring out new models every year through the mid-1990s and it will shorten its product development cycle to eight years from 10 or 12 years *-2 to compete more effectively with Toyota Motor Corp. 's Lexus , Nissan Motor Co. 's Infiniti and Honda Motor Co. 's Acura luxury-car divisions] .
- `` [ARG1 A significant increase in gold sales to 248,279 ounces for the quarter from 188,726 in the third quarter of 1988 was more than offset *-1 by the continued decline in average gold price realization to $ 367 *U* *RNR*-3 from $ 429 *U* *RNR*-3 per ounce] , '' [ARG0 the company] [rel said] *T*-2 .
- [ARG0 The Treasury] [rel said] [ARG1 0 it will alter the auctions unless it has assurance of enactment of legislation 0 * to raise the statutory debt limit before the scheduled auctions Monday *T*-1] .
- [ARG0 Apogee Enterprises Inc.] [rel said] [ARG1 0 profit for the third quarter ending Dec. 2 will fall below the year-earlier results because of an after-tax charge of $ 1.9 million *U* related * to a project that *T*-2 was guaranteed *-1 by the company] .
- [ARG0 Apogee] [rel said] [ARG1 0 the charge stems from a building supply contract in which the company guaranteed a contractor 's performance *T*-1] .
- [ARG0 Apogee] [rel said] [ARG1 0 a subcontractor had severe cost overruns and was unable *-1 to fulfill the contract terms on its own , * making it *EXP*-4 necessary for Apogee to advance cash *-3 to ensure completion of the project] .
- [ARG0 The company] [rel said] [ARG1 0 its core businesses have performed well and it expects them to continue *-1 to do so in the remainder of the fiscal year] .
- [ARG1 Japan 's production of cars , trucks and buses in September fell 4.1 % from a year ago to 1,120,317 units because of a slip in exports] , [ARG0 the Japan Automobile Manufacturers ' Association] [rel said] 0 *T*-1 .
- [ARG0 The association spokesman] [rel said] [ARG1 0 bus production has declined since January] , but could n't offer an explanation for the fall .
- [ARG1 Auto production for the first half of the fiscal year , which *T*-1 began in August , totaled 6,379,884 units] , [ARG0 the association] [rel said] 0 *T*-2 .
- [ARG0 The association] [rel said] [ARG1 0 domestic demand grew 8.8 % in September] .
- [ARG1 Demand has been growing consistently under the encouragement of pro-consumption government policies] , [ARG0 an association spokesman] [rel said] 0 *T*-1 .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 0 the introduction of a 3 % consumption tax in April has helped sales] .
- [ARG1 Japanese domestic motor-vehicle sales rose 12 % in September] , [ARG0 the Japan Automobile Dealers ' Association] [rel said] 0 *T*-1 [ARGM-TMP earlier this month] .
- [ARGM-DIS However] , [ARG0 one person familiar with UAL] [rel said] [ARG1 0 the signs pointed to Coniston because Mr. Trump has n't asked for permission * to buy more than $ 15 million *U* of stock under federal antitrust rules] .
- [ARGM-DIS But] [ARG0 partner Richard Nye] [rel said] , `` [ARG1 This is the most extraordinary failed transaction 0 I 've seen *T*-1 in 25 years in this business] .
- [ARG0 One person familiar with UAL] [rel said] [ARG1 0 the unsettled labor situation and the uncertain world-wide financial markets contributed to the board 's decision * to avoid `` *-1 rushing around selling the company at a bargain price , '' particularly since it accepted a $ 300-a-share *U* offer just last month] .
- [ARG0 Even some takeover-stock traders] [rel said] [ARG1 0 they could n't quarrel with the board 's logic] .
- `` [ARG1 We had a lot of people who *T*-1 threw in the towel today] , '' [rel said] *T*-2 [ARG0 Earl Ellis , a partner in Benjamin Jacobson & Sons , a specialist in * trading UAL stock on the Big Board] .
- `` [ARG1 This deal is like a Roach Motel] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 A machinist official] [rel said] [ARG1 0 that would depend on how much in concessions machinists would have *-1 to give *T*-2 in return for the majority stake] .
- [ARG0 Some investors whose names *T*-2 were bandied *-1 about by traders as potential UAL stock buyers] [rel said] [ARG1 0 they were n't buying] .
- `` [ARG1 I 'm not interested] , '' [rel said] *T*-1 [ARG0 Dallas investor Harold Simmons] .
- [ARG0 A source close to Carl Icahn , a corporate raider who *T*-1 owns Trans World Airlines Inc. ,] [rel said] [ARG1 0 he has n't owned any UAL stock and is n't buying] .
- [ARG0 One person familiar with Texas billionaire Robert Bass] [rel said] [ARG1 0 he is n't likely *-1 to make any hostile moves] .
- [ARG0 Times Mirror Co.] [rel said] [ARG1 0 third-quarter net income fell 13 % to $ 70.1 million *U* , or 54 cents a share , compared with net income of $ 81 million *U* , or 62 cents a share , a year earlier] .
- [ARG0 The Los Angeles media concern] [rel said] [ARG1 that the year-ago period included a $ 26.5 million *U* gain from the sale of assets , primarily timberlands] .
- [ARG1 Stronger results from the company 's broadcast and cable television units and professional and textbook publishing divisions , plus increased advertising at the company 's largest newspaper , the Los Angeles Times , offset advertising declines in the company 's newspapers in the Eastern U.S.] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 * Looking ahead to the fourth quarter , the outlook for the newspaper group remains guarded , with no improvement yet seen * in operating trends in our Eastern markets] , '' [rel said] *T*-1 [ARG0 Robert F. Erburu , Times Mirror 's chairman and chief executive] .
- [ARG0 She] [rel said] [ARG1 0 the market hit the $ 1.18 *U* level *ICH*-1 at around 10 a.m. EDT where it encountered a large number of stop-loss orders *T*-2] .
- [ARG0 Ms. Raptopoulos] [rel said] [ARG1 0 the settling of strikes in Canada and Mexico will have little effect on supplies of copper until early next year] .
- [ARG1 Yesterday , for example , `` the durable goods numbers came out for September and the number was down only 0.1 % , ''] [ARG0 she] [rel said] *T*-1 .
- [ARG0 She] [rel said] [ARG1 0 copper traders will also be looking toward the release of the index of leading economic indicators next Tuesday] .
- [ARG0 Mr. Threlkeld] [rel said] [ARG1 0 the copper market seems *-1 to be anticipating a recession in three months , with declining use being the result] .
- [ARG0 He] [rel said] [ARG1 0 the normal ratio is five to six weeks] .
- `` [ARG1 It *EXP*-1 takes three months * to turn copper concentrate into cathodes] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 William Kaiser , president of the Kaiser Financial Group in Chicago ,] [rel said] [ARG1 0 the decline was almost certainly influenced *-2 by the early sell-off in the stock market , which *T*-1 partly reflected a weakening economy] .
- [ARG1 If there is n't a recession] , [ARG0 he] [rel said] 0 *T*-1 , `` we will be out of copper by the end of March .
- [ARG0 Several analysts and brokers] [rel said] [ARG1 0 the petroleum market was ready *-1 to rally after two days of price declines from profit-taking] .
- [ARG0 Most market participants] [rel said] [ARG1 0 they were looking to this week 's inventory statistics from the American Petroleum Institute *-1 to give the market some direction] .
- [ARG0 He] [rel said] [ARG1 0 the recent decline in copper stocks was misleading in the face of a slowdown in manufacturing] .
- [ARG0 Mr. Kaiser] [rel said] [ARG1 0 there were no fundamental factors moving these markets] .
- `` [ARG1 Gold still acts as a haven when uncertainty prevails in the financial markets as it did *?* '' yesterday *T*-1] , [ARG0 she] [rel said] *T*-2 .
- `` The high ratio reflects the fact that silver is still regarded as about a half-industrial metal and [ARG0 its price lagging relative to gold] [rel says] [ARG1 that traders are expecting a weakening economy] , '' he said *T*-1 .
- `` [ARG1 The high ratio reflects the fact that silver is still regarded as about a half-industrial metal and its price lagging relative to gold says that traders are expecting a weakening economy] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Kaiser] [rel said] [ARG1 0 traders could have picked up signals of an imminent price decline had they been watching the scrap metal markets , which *T*-1 became noticeably weaker two to three weeks ago] .
- [ARG1 The sale to the Chinese government of 330,000 metric tons of wheat under the government 's export enhancement program was announced *-1 after the close of trading Monday , but the sale was expected *RNR*-3 and failed *RNR*-3 *-2 to buoy prices yesterday ,] [rel said] 0 *T*-4 [ARG0 Dale Gustafson , a futures analyst with Drexel Burnham Lambert Inc. in Chicago] .
- [ARG1 As for other export customers , the Soviet Union is n't expected *-1 to be back buying U.S. corn in significant amounts until early next year] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 Robert Hafer , senior commodities analyst at Kaiser Financial Group ,] [rel said] [ARG1 0 Monday 's rally continued yesterday for only about 20 minutes after the opening] .
- [ARG0 He] [rel said] [ARG1 0 even though there was arbitrage buying in New York because of the weak dollar , cocoa fell to relentless pressure from bearish traders] .
- [ARGM-DIS But] [ARGM-ADV though a weakening economy implies reduced demand] , [ARG0 Mr. Kaiser] [rel said] [ARG1 that Third World copper-producing countries have n't any choice but * to sell copper] .
- [ARGM-DIS But] [ARGM-ADV while further modest declines might be ahead] , [ARG0 Mr. Hafer] [rel said] [ARG1 0 it *EXP*-2 would be difficult * to get through resistance levels just above yesterday 's high] .
- [ARG1 They] might even step up sales in a falling market , [ARG0 he] [rel said] 0 *T*-1 , in an effort * to maintain the flow of foreign exchange into their treasuries .
- [ARG0 Citizens First Bancorp . Inc.] [rel said] [ARG1 0 it agreed *-1 to buy Lakeland First Financial Group Inc. , a Succasunna , N.J. , bank holding company , for about $ 50.6 million *U* in cash and stock] .
- [ARG0 Color Systems Technology Inc. , Los Angeles ,] [rel said] [ARG1 0 its major creditor , General Electric Pension Trust , agreed *-1 to convert $ 11.8 million *U* of debt owed * into 25 % of Color System 's fully diluted common stock] .
- [ARG0 Buddy Young , president ,] [rel said] [ARG1 0 the company expects *-1 to conclude negotiations with other creditors within 60 days] .
- [ARGM-ADV With the TV business falling on hard times in recent years] , [ARG0 analysts] [rel say] [ARG1 that if SCI TV had * to be liquidated *-1 today , it might fetch 30 % less than in the 1987 buy-out , * wiping out most of the company 's junk-holders and its stockholders] .
- Negotiations `` have started con - structively , but that 's not [ARG0 *] to [rel say] [ARG1 0 we like this particular offer] , '' says *T*-1 Wilbur Ross of Rothschild Inc. , adviser to SCI TV junk-holders .
- [ARG1 Negotiations `` have started con - structively , but that 's not * to say 0 we like this particular offer] , '' [rel says] *T*-1 [ARG0 Wilbur Ross of Rothschild Inc. , adviser to SCI TV junk-holders] .
- [ARG1 Mr. Gillett] is [rel said] *-1 to be proud of his operating record ; he has lifted some stations ' ratings and turned around a Detroit station .
- [ARG0 People who *T*-1 have seen SCI TV 's restructuring plan] [rel say] [ARG1 0 it offers concessions by KKR and Gillett Corp] .
- [ARGM-DIS But] [ARG0 some militant SCI TV junk-holders] [rel say] [ARG1 0 that 's not enough] .
- [ARG1 Kemper , the biggest holder of senior SCI TV bonds ,] has refused *-1 to join the bond-holders committee and is [rel said] *-1 to be reviewing its legal options .
- [ARG0 One investment banker who *T*-1 is n't involved in the deal] [rel says] [ARG1 0 SCI TV needs at least $ 50 million *U* of new equity *-2 to survive] .
- [ARG0 Junk-holders] [rel say] [ARG1 0 they have a stick 0 * to beat KKR with *T*-1] : `` The threat of bankruptcy is a legitimate tool '' 0 * to extract money from KKR *T*-2 , says 0 *T*-3 one big SCI TV holder .
- Junk-holders say 0 they have a stick 0 * to beat KKR with *T*-1 : `` [ARG1 The threat of bankruptcy is a legitimate tool '' 0 * to extract money from KKR *T*-2] , [rel says] 0 *T*-3 [ARG0 one big SCI TV holder] .
- [ARGM-DIS But] [ARG0 others] [rel say] [ARG1 0 junk-holders have nothing 0 * to gain *T*-1 by * putting SCI TV into bankruptcy-law proceedings] .
- [ARG0 Bankruptcy specialists] [rel say] [ARG1 0 Mr. Kravis set a precedent for * putting new money in sour LBOs recently when KKR restructured foundering Seaman Furniture , *-1 doubling KKR 's equity stake] .
- [ARG1 But with Seaman , KKR was only trying *-1 to salvage its original investment ,] [rel says] 0 *T*-2 [ARG0 bankruptcy investor James Rubin of Sass Lamle Rubin in New York] .
- [ARGM-DIS And] [ARG0 people who *T*-1 know Mr. Kravis] [rel say] [ARG1 0 he is n't in a hurry * to pour more money into SCI TV] .
- [ARG1 Some junk-holders] are [rel said] *-1 to be considering legal action against KKR or moves * to force SCI TV into bankruptcy court .
- [ARGM-DIS And] [ARG1 KKR 's majority partner in SCI TV 's buy-out , Nashville , Tenn. , entrepreneur George Gillett ,] [ARGM-DIS also] is [rel said] *-1 to be very unhappy .
- [ARG0 The maker of household products] [rel said] [ARG1 0 the new dividend is payable Dec. 1 to shares of record Nov. 10] .
- [ARG0 Rubbermaid officials] [rel said] [ARG1 0 they are n't aware of any effort * to take over the company , but believed 0 the shareholder plan needed *-2 to be strengthened *-1] .
- `` [ARG1 The board has stated repeatedly that Rubbermaid should be independent] , '' [rel said] *T*-1 [ARG0 Walter W. Williams , Rubbermaid president] .
- [ARG0 Mr. Williams] [rel said] [ARG1 0 the exercise price is $ 125 *U*] , *-1 meaning 0 holders would have the right * to buy $ 250 *U* of Rubbermaid stock for half price , * diluting the investor 's 25 % stake .
- `` [ARG1 It *EXP*-1 is very clear that those buy orders came from people who *T*-2 wanted their franchise protected *-3] , '' [rel said] *T*-4 [ARG0 one Chicago-based futures trader] .
- [ARG0 Traders] [rel said] [ARG1 0 Goldman Sachs , Shearson Lehman Hutton and Salomon Brothers were the main force behind the futures buying at the pivotal moment] .
- [ARG0 Floor traders] [rel said] [ARG1 0 there was a huge crowd around the Big Board specialist 's post where UAL trades *T*-1] .
- `` [ARG1 There was a seething mass of people] , '' [rel said] *T*-1 [ARG0 one floor trader] .
- `` [ARG1 It was whooosh] ! '' [rel said] *T*-1 [ARG0 one futures trader] .
- [ARG0 Traders] [rel said] [ARG1 0 the futures buying was finely calculated *-1 by program traders] .
- [ARG0 She] [rel said] [ARG1 0 she used the market 's wild swings *-1 to buy shares cheaply on the sell-off] .
- `` [ARG1 This market is eating away my youth] , '' [rel said] *T*-1 [ARG0 Chung Lew , head equity trader at Kleinwort Benson North America Inc] .
- [ARG0 Analysts] [rel said] [ARG1 0 a big Japanese buy order was behind the rise] .
- [ARG0 A Dow Jones spokesman] [rel said] [ARG1 0 there were no corporate developments that *T*-1 would account for the activity] .
- [ARG1 Other issues] [rel said] * to be included *-1 in the buy program were Procter & Gamble , which *T*-2 rose 2 7\/8 to 133 1\/2 ; Atlantic Richfield , which *T*-3 gained 2 to 103 3\/4 , and Rockwell International , which *T*-4 jumped 2 3\/4 to 27 1\/8 .
- `` [ARG1 October 13th left us with a cut and exposed nerve] , '' [rel said] *T*-1 [ARG0 Jack Solomon , technical analyst for Bear Stearns] .
- Georgia Gulf , another producer of commodity chemicals , advanced 2 to 49 1\/2 ; [ARG0 Dallas investor Harold Simmons , who *T*-1 holds about 10 % of its shares ,] [rel said] [ARG1 0 he has n't raised his stake] .
- [ARG0 Fireman 's Fund Corp.] [rel said] [ARG1 0 third-quarter net income plunged 85 % to $ 7.2 million *U* from last year 's $ 49.1 million *U* , or 99 cents a share , because of ravages of Hurricane Hugo and increased reserves for legal expenses] .
- [ARG1 Net premiums written * through Sept. 30 fell 5 % to $ 2.1 billion *U* from $ 2.2 billion *U* a year ago , because of the writing of fewer policies at flat prices] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Fireman 's Fund] [rel said] [ARG1 0 it has applied for an exemption from these rate rollbacks , and plans *-1 to defend its filing in hearings before the department] .
- [ARGM-TMP For the nine months] , [ARG0 the insurance company] [rel said] [ARG1 0 net fell 46 % to $ 88.8 million *U* , or $ 1.54 *U* a share , from $ 164 million *U* , or $ 3.16 *U* a share , the previous year] .
- [ARG0 The company] [rel said] [ARG1 0 there was an additional increase in loss and loss-expense reserves of $ 71 million *U* reflecting `` higher than expected '' development in claims legal expenses from to prior periods] .
- [ARG0 CONTROL DATA Corp.] [rel said] [ARG1 0 it is offering *-3 to purchase the $ 154.2 million *U* amount of its 12 3\/4 % senior notes due June 15 , 1991 *ICH*-2 , at par , plus accrued *ICH*-1 interest to the Dec. 8 purchase date] .
- [ARG0 The Minneapolis computer systems and services concern] [rel said] [ARG1 0 the offer is required *-1 under the senior note indenture as a result of Control Data 's recent sale of its disk drive subsidiary , Imprimis , to Seagate Technology Inc] .
- [ARGM-ADV While they do n't expect the Fed to move right away] , [ARG0 they] [rel say] [ARG1 0 the case for lower rates is building] .
- `` [ARG1 While the stock market was falling , most -LCB- junk bond holders -RCB- were just watching it *-2 not knowing what *-3 to do *T*-1] , '' [rel said] *T*-4 [ARG0 Paul Suckow , director of fixed-income securities at Oppenheimer Management Corp] .
- Credit analysts said 0 investors are nervous about the issue because [ARG0 they] [rel say] [ARG1 0 the company 's ability * to meet debt payments is dependent on too many variables , including the sale of assets and the need * to mortgage property *-1 to retire some existing debt] .
- [ARG0 Credit analysts] [rel said] [ARG1 0 investors are nervous about the issue because they say 0 the company 's ability * to meet debt payments is dependent on too many variables , including the sale of assets and the need * to mortgage property *-1 to retire some existing debt] .
- `` [ARG1 It *EXP*-2 's not too surprising that the auction was sloppy , * given the volatility in the bond market because of stocks] , '' [rel said] *T*-1 [ARG0 Robert T. McGee , a senior vice president at Tokai Bank Ltd] .
- [ARGM-TMP Early in the day] , [ARG0 bond dealers] [rel said] [ARG1 0 trading volume was heavy as large institutional investors scrambled *-1 to buy long-term Treasury bonds on speculation that the stock market 's volatility would lead to a `` flight-to-quality '' rally] .
- [ARG0 Dealers] [rel said] [ARG1 0 players shied away from the note sale because they were concerned that prices at the time of the auction might erode if the stock market staged a recovery , which , in fact , *T*-1 did happen] .
- `` [ARG1 Interest by Japanese investors was limited] , '' [rel said] *T*-2 [ARG0 Michael Moran , chief economist at Daiwa Securities America Inc] .
- [ARG0 He] [rel said] , `` [ARG1 Possibly , they 're waiting *-2 to buy at the -LRB- quarterly -RRB- refunding '' of government debt 0 *T*-3 to be held *-1 next month by the Treasury] .
- `` [ARG1 Some retail accounts , such as commercial banks and pension funds , wanted *-1 to get on the bandwagon before it was too late] , '' [rel said] *T*-2 [ARG0 Sung Won Sohn , chief economist at Norwest Corp. , Minneapolis] .
- [ARG0 Traders] [rel said] [ARG1 0 municipals were underpinned *-1 by influences including the climb in Treasury issue prices] .
- [ARG1 Mainly , though , it was a favorable outlook for yesterday 's new supply that *T*-1 propped up municipals] , [ARG0 some traders] [rel said] 0 *T*-2 .
- [ARG1 The Massachusetts deal had an unsold balance of $ 84.3 million *U* in late trading] , [ARG0 the underwriter] [rel said] 0 *T*-1 .
- [ARG0 Economists] [rel said] [ARG1 0 the bond market 's strength also is a sign that investors expect the Federal Reserve to cut interest rates amid growing evidence that the economy is slowing] .
- [ARG0 BSB BANCORP Inc. , Binghamton , N.Y. ,] [rel said] [ARG1 0 it increased its regular quarterly dividend 50 % , to 15 cents a share from 10 cents] .
- [ARG1 The move was made *-1 because of the bank-holding company 's increased profitability] , [ARG0 officials] [rel said] 0 *T*-2 .
- [ARG0 Staar Surgical Co. 's board] [rel said] [ARG1 that it has removed Thomas R. Waggoner as president and chief executive officer and that John R. Wolf , formerly executive vice president , sales and marketing , has been named *-1 president and chief executive officer] .
- [ARG0 Staar Surgical Co. 's board] [rel said] [ARG1 that it has removed Thomas R. Waggoner as president and chief executive officer and that John R. Wolf , formerly executive vice president , sales and marketing , has been named *-1 president and chief executive officer] .
- [ARGM-TMP Later] [ARG0 they] [rel said] [ARG1 0 they fired him , and two directors attempted *-1 to place the company under bankruptcy-law protection] .
- [ARG0 The company 's latest announcement] [rel said] [ARG1 0 Mr. Waggoner will remain a director of Staar , a maker of products for small-incision surgery] .
- [ARG0 The Staar board] [ARGM-DIS also] [rel said] [ARG1 that John R. Ford resigned as a director , and that Mr. Wolf was named *-1 a member of the board] .
- [ARG0 The Staar board] [ARGM-DIS also] [rel said] [ARG1 that John R. Ford resigned as a director , and that Mr. Wolf was named *-1 a member of the board] .
- [ARGM-TMP After the legislature confirmed him as the Communist Party leader] , [ARG0 Krenz] [rel said] [ARG1 0 demonstrations * to demand democratic freedoms could cause a `` worsening of the situation , or confrontation] . ''
- Israel provided the State Department with a list of recent alleged terrorist incidents attributed * to forces controlled * by Arafat , but [ARG0 the U.S.] [rel said] [ARG1 0 it was n't satisfied that the incidents constituted terrorism] .
- [ARG0 The Treasury Department] [rel said] [ARG1 0 S&Ls reject blacks for mortgage loans twice as often as they reject whites] .
- [ARG0 The department 's Office of Thrift Supervision] [rel said] [ARG1 0 that does n't necessarily mean 0 thrifts are biased *-1] , but conceded that it does n't have data about applicants 0 *T*-3 to determine why blacks are rejected *-2 more often *T*-4 .
- [ARG0 Company officials] [rel said] [ARG1 0 22 workers were missing and presumed *-1 dead] .
- [ARG0 San Francisco Bay area officials] [rel said] [ARG1 0 nine people remain missing in the aftermath of last week 's earthquake] .
- [ARG0 Texaco] [rel said] [ARG1 0 profit rose 11 % in the quarter , partly due to a massive restructuring] .
- [ARG1 Mobil is preparing *-1 to slash its work force in the U.S. , possibly as soon as next month ,] [ARG0 sources] [rel said] 0 *T*-2 .
- [ARG0 The Justice Department] [rel said] [ARG1 0 it filed a lawsuit seeking more than $ 7.7 million *U* from a Meredith Corp. unit on charges that the company defrauded the government on a contract * to provide relocation services for federal employees] .
- [ARG0 The department] [ARGM-DIS also] [rel said] [ARG1 0 it seeks `` three times the government 's damages , which *T*-1 are presently undetermined , plus penalties] . ''
- [ARG0 Lloyd 's of London] [rel said] [ARG1 0 it plans *-1 to clamp down on the ability *ICH*-2 of underwriting syndicates * to leave their annual accounts open beyond the customary three years] .
- [ARG0 Lloyd 's] [rel said] [ARG1 0 there are currently 115 open account years involving 68 of the market 's roughly 360 syndicates] .
- [ARG1 The open-year accounting practice `` is widely recognized *-1 within Lloyd 's as of serious concern '' to the 31,329 member investors , who *T*-2 underwrite insurance at Lloyd 's in return for premium and investment income] , [ARG0 Lloyd 's] [rel said] 0 *T*-3 .
- [ARG1 The procedure causes `` great uncertainty '' because an investor ca n't be sure of his or her individual liability] , [ARG0 Lloyd 's] [rel said] 0 *T*-1 .
- [ARG0 Lloyd 's] [rel said] [ARG1 0 it expects *-1 to enact new rules mandating the changes by year end] .
- `` [ARG1 We do n't want *-2 to be known *-1 as ambulance chasers] , '' [rel says] *T*-3 [ARG0 William Garrison , Lake View 's president] .
- [ARG1 The oil magnate , who *T*-1 spent his later years *-3 passing out dimes *-4 to counter his penny-pinching image , `` is n't terribly amusing] , '' [rel says] 0 *T*-5 [ARG0 Barry Olson , creative director at Innis-Maggiore-Olson , Canton , Ohio , which *T*-2 is producing the ads] .
- [ARG1 A lot of big European banks , mostly French , and Swiss arb accounts have been buying the stock just *-1 to flip it '' for a quick profit] , [ARG0 he] [rel said] 0 *T*-2 .
- `` The issue was very well-received -- [ARG1 Disney] is such a well-known , [ARG0 you] [ARGM-MOD can] [rel say] world-wide *?* , name , '' said *T*-2 Vernon Dempsey , head trader of European equities at Kleinwort Benson Ltd. , which *T*-1 is making a market in the issue .
- `` [ARG1 The issue was very well-received -- Disney is such a well-known , you can say world-wide *?* , name] , '' [rel said] *T*-2 [ARG0 Vernon Dempsey , head trader of European equities at Kleinwort Benson Ltd. , which *T*-1 is making a market in the issue] .
- [ARG0 Ford Motor Co.] intensified its battle with General Motors Corp. over Jaguar PLC by *-2 [rel saying] [ARG1 0 it is prepared *-3 to make a bid for all of the British auto maker when restrictions on its shareholding are lifted *-1 *T*-4] .
- [ARG1 Jaguar seems *-2 to be losing interest in * giving GM a minority stake] , [rel said] 0 *T*-3 [ARG0 one individual close to the talks] , [ARGM-ADV *-4 adding , `` It would n't surprise me if -LCB- Jaguar executives -RCB- want *-5 to wait and see what the color of that -LCB- Ford bid -RCB- is *T*-1 '' first] .
- [ARG1 As for GM , its `` fallback position has *-1 to be a full bid itself] , '' [rel said] *T*-2 [ARG0 Stephen Reitman , European auto-industry analyst at London brokers UBS-Phillips & Drew] .
- [ARG0 Ford] did [ARGM-NEG n't] [rel say] [ARG1 how much it might offer *T*-1 for Jaguar , or when] .
- `` [ARG1 We have not made that decision '' * to seek a Jaguar special shareholders ' meeting] , [rel said] 0 *T*-1 [ARG0 Martyn Watkins , a Ford spokesman in London] .
- [ARG0 He] emphasized that the car maker only would bid for all of Jaguar under the right circumstances , and [rel said] `` [ARG1 those circumstances are n't right or possible at the moment] . ''
- [ARGM-TMP Since then] , [ARG0 Jaguar officials] have confirmed that they are discussing an alliance with GM and [rel said] [ARGM-TMP last week] [ARG1 that they hoped *-1 to reach an agreement within a month] .
- [ARG0 Sun] [rel said] [ARG1 0 some of the growth reflects higher earnings in the oil sands operation of Suncor , a majority-owned Canadian subsidiary] .
- [ARG0 Chairman Robert McClements Jr.] [rel said] [ARG1 0 the synthetic crude oil production from the facility rose even as the price for that oil increased] .
- [ARG0 Chevron] [rel said] [ARG1 0 higher crude oil prices boosted profits from production operations , but margins in refining and marketing declined] .
- `` [ARG1 The company has been completely revamped *-1] , '' [rel said] *T*-2 [ARG0 Frank Knuettel , analyst for Prudential-Bache Securities Inc] .
- [ARG0 Asarco Inc.] , [ARGM-ADV *-1 continuing its effort * to refocus its business] , ended its involvement in asbestos mining [ARGM-TMP in the third quarter] and [rel said] [ARG1 0 it would stop *-2 mining and selling coal by year end] .
- [ARG0 The mining , metal and specialty-chemical concern] [rel said] [ARG1 0 combined revenue for asbestos and coal was about $ 40 million *U* of the company 's total revenue in 1988 of $ 1.98 billion *U*] .
- [ARG0 Richard de J. Osborne , chairman , president and chief executive officer ,] [rel said] [ARG1 0 the company 's `` decisions * to get out of asbestos and high-sulfur coal continue the process of * simplifying and focusing the company in areas with a better future] . ''
- [ARG0 Asarco] [rel said] [ARG1 0 the gain reflected continued strength in prices for refined copper , lead and zinc , and higher equity earnings in Mexico Desarrollo Industrial Minero S.A. , a Mexican mining company in which Asarco has a 34 % stake *T*-1] .
- [ARG0 Asarco] [rel said] [ARG1 0 it plans *-2 to shut down *RNR*-1 or sell *RNR*-1 its Rapatee coal mine and will end its involvement in southern Illinois strip mining] .
- [ARG0 The company] [rel said] [ARG1 that it is discussing a management-employee buy-out of the facility , [ARGM-DIS but] that it would stop *-1 mining and selling coal at year end when existing sales contracts expire , regardless of the outcome of those talks] .
- [ARG0 The company] [rel said] [ARG1 that it is discussing a management-employee buy-out of the facility , but that it would stop *-1 mining and selling coal at year end when existing sales contracts expire , regardless of the outcome of those talks] .
- [ARG0 Jay Marcus , president ,] [rel said] [ARG1 0 the move `` reflects the confidence of our board and management in Halsey 's long-term prospects and our desire * to provide our shareholders with an attractive return on their investment] . ''
- Yesterday , [ARG0 Mr. Blum , 41 ,] said 0 he was n't aware of plans *ICH*-1 at Ladenburg * to name a co-chairman 0 *T*-2 to succeed Mr. Koenig and [rel said] [ARG1 0 the board would need *-3 to approve any appointments or title changes] .
- [ARGM-TMP Yesterday] , [ARG0 Mr. Blum , 41 ,] [rel said] [ARG1 0 he was n't aware of plans *ICH*-1 at Ladenburg * to name a co-chairman 0 *T*-2 to succeed Mr. Koenig] and said 0 the board would need *-3 to approve any appointments or title changes .
- [ARG0 Mr. Koenig] [rel said] : `` [ARG1 I just got a tremendous offer from Gruntal] .
- [ARG0 MCI Communications Corp.] [rel said] [ARG1 0 it received a $ 12 million *U* contract * to provide virtual network services to Woolworth Corp. 's 5,600 corporate and retail sites in the]
- [ARG0 Woolworth] [rel said] [ARG1 0 it expects *-1 to expand usage of the MCI services as it adds about 6,000 business locations over the next few years] .
- [ARG1 Imports continued *-1 to outpace Philippine exports , despite gains in shipments abroad ,] [ARG0 the government National Statistics Office] [rel said] 0 *T*-2 .
- [ARG0 Birtcher Corp.] [rel said] [ARG1 0 it signed a definitive agreement with C.R. Bard Inc. , a Murray Hill , N.J. , maker of health-care products , for the purchase of the company 's Bard\/EMS Electrosurgery division for about $ 11 million *U*] .
- [ARG0 Birtcher , a maker of electronic medical equipment ,] [rel said] [ARG1 0 the transaction is expected *-1 to close on or before Nov. 30] .
- [ARG1 Bard\/EMS had 1988 sales of about $ 14 million *U*] , [ARG0 Birtcher] [rel said] 0 *T*-1 .
- [ARG0 First Wachovia Corp.] [rel said] [ARG1 0 John F. McNair III will retire as president and chief executive officer of this regional banking company 's Wachovia Corp. and Wachovia Bank & Trust Co. subsidiaries on Dec. 31] .
- [ARG1 Canadian retail sales rose 0.2 % in August from July] , [ARG0 Statistics Canada , a federal agency ,] [rel said] 0 *T*-1 .
- [ARG1 During the past four months , retail sales have remained generally weak , *-1 advancing an average 0.2 % a month] , [ARG0 the agency] [rel said] 0 *T*-2 .
- [ARG1 Raw-steel production by the nation 's mills decreased 0.7 % last week to 1,816,000 tons from 1,828,000 tons the previous week] , [ARG0 the American Iron and Steel Institute] [rel said] 0 *T*-1 .
- [ARG1 With reduced exports and rising imports , South Korea 's trade surpluses with the U.S. and Europe between January and September fell sharply from a year ago] , [ARG0 the Customs Administration] [rel said] 0 *T*-1 .
- [ARG0 Officials] [rel said] [ARG1 0 South Korea 's trade surplus with the U.S. for the first nine months of the year totaled $ 3.49 billion *U* , down 43 % from the same period last year on a customs-clearance basis] .
- [ARG0 Officials] [rel said] [ARG1 0 South Korean exports to Europe dropped 5.3 % to $ 3.02 billion *U*] [ARGM-ADV while imports from there went up 17 % to $ 2.61 billion *U*] .
- [ARG0 Bausch & Lomb Inc.] [rel said] [ARG1 0 its pharmaceuticals subsidiary agreed *-1 to supply collagen corneal shields for animal eye surgery to a unit of International Minerals & Chemical Corp] .
- [ARG0 The state agency , which *T*-2 usually publishes the data on monthly basis , but traditionally combines the index for the two summer-holiday months ,] [rel said] [ARG1 0 the advance was led *-1 by output of consumer goods , which *T*-3 rose 3.5 % from June and was up 7.2 % from a year earlier] .
- [ARG0 International Minerals & Chemical Corp.] [rel said] [ARG1 0 it agreed definitively *-1 to sell its international fragrance business to Bayer AG of West Germany] .
- [ARG0 The maker of animal health and nutrition products] [rel said] [ARG1 0 the business , Creations Aromatiques of Port Valais , Switzerland , and Woodside , N.Y. , is a division of its Mallinckrodt Inc. subsidiary and had sales of about $ 30 million *U* for its most recent year] .
- [ARG0 International Minerals] [rel said] [ARG1 0 the sale will allow Mallinckrodt to focus its resources on its core businesses of medical products , specialty chemicals and flavors] .
- [ARG0 Two Japanese scientists] [rel said] [ARG1 0 they discovered an antibody that , in laboratory test-tube experiments , *T*-1 kills AIDS-infected cells while *-2 preserving healthy cells] .
- [ARG0 The two] [rel said] [ARG1 0 they must still do more laboratory tests , then experiment on animals] .
- [ARG0 They] [rel said] [ARG1 0 they hoped *-1 to conduct tests on human patients in the U.S. by late next year] .
- [ARG1 Japan does n't have enough AIDS patients *-1 to do significant experimentation in that country] , [ARG0 they] [rel said] 0 *T*-2 .
- [ARGM-DIS But] [ARG0 Takashi Kitamura , director of the biology department at Japan 's National Institute of Health and secretary of the government 's AIDS-research center ,] [rel said] , `` [ARG1 I 'm not so optimistic of its future use in therapeutic methods] . ''
- [ARG0 He] [rel said] [ARG1 0 some infected cells may not have the relevant antigen and so would n't be killed *-1 even after exposure to the antibody] .
- `` [ARG1 The results seem *-1 to be very premature] , '' [rel said] *T*-2 [ARG0 Mitsuru Miyata , editor of Nikkei Biotechnology , a leading Japanese industry newsletter] .
- [ARGM-DIS But] [ARG0 he and Dr. Yonehara] [rel said] [ARG1 0 there were still several uncertainties , particularly regarding possible side effects] .
- `` [ARG1 Our antibody specifically killed infected cells at a very low dose , but it can also kill other cells] , '' [rel said] *T*-1 [ARG0 Dr. Yonehara] .
- [ARG0 Dr. Kitamura] [rel said] [ARG1 0 about 35 projects are currently under way in Japan , and that Japanese researchers in the past year have made available *ICH*-1 *ICH*-2 three possible cures to American researchers for clinical tests] .
- [ARG0 He] [rel said] [ARG1 that when scientists from the two countries meet again in January in New Orleans *T*-1 , the Japanese will present at least three more drugs for human testing] .
- But [ARG0 Andrew Porter , a drug-industry analyst at Nikko Securities Co. in London ,] [rel said] [ARG1 0 if the product were *-2 to be successfully developed *-1 it would represent `` a potential threat to the long-term viability of Retrovir] .
- And the researchers themselves acknowledged 0 they still must do much more work before [ARG0 they] [ARGM-MOD can] [rel say] [ARG1 whether the treatment would actually cure humans] .
- [ARG0 Shin Yonehara , a research scientist at the Tokyo Metropolitan Institute of Medical Science ,] [rel said] [ARG1 0 the antibody 0 he discovered *T*-2 works by * recognizing an antigen called * a Fas-antigen , which *T*-1 is characteristic of an infected cell] .
- [ARG0 Dr. Yonehara and his partner , Nobuyuki Kobayashi of Yamaguchi University ,] [rel said] [ARG1 0 their experiments showed that the antibody wiped out an average of 60 % of AIDS-infected cells within three days] .
- [ARG1 In some of the experiments , it killed almost all the infected cells] , [ARG0 the researchers] [rel said] 0 *T*-1 .
- `` [ARG1 From a cash flow point of view , British Airways is better off *-1 not being in United Airlines in the short term] , '' [rel said] *T*-2 [ARG0 Andy Chambers , an analyst at Nomura Research Institute in London] .
- `` [ARG1 The stories are rubbish] , '' [ARG0 a British Air spokesman] [rel said] *T*-1 .
- [ARG0 British Airways] [rel said] [ARG1 0 its shareholders accepted only 6.3 % of the convertible capital bonds , [ARGM-DIS but] that the rest of the issue will be taken *-1 up by underwriters] .
- [ARG0 British Airways] [rel said] [ARG1 0 its shareholders accepted only 6.3 % of the convertible capital bonds , but that the rest of the issue will be taken *-1 up by underwriters] .
- [ARG0 Analysts] [rel said] [ARG1 0 that 6.3 % level marked the poorest showing for any major British rights issue since the 1987 global stock market crash] .
- `` [ARG1 It is close to *-1 being a record undersubscription] , '' [rel said] *T*-2 [ARG0 Bob Bucknell , an analyst with London broker Smith New Court Securities] .
- [ARGM-LOC In a statement] , [ARG0 British Air Chairman Lord King] [rel said] [ARG1 0 the company was `` obviously disappointed that the issue was not taken *-2 up , but it *EXP*-1 would have been unreasonable * to expect a better result given the volatility of the stock market since the launch of the issue] . ''
- [ARG1 But] some of the activity , [ARG0 he] [rel says] 0 *T*-1 , may reflect a rush 0 *T*-2 to get `` numbers in order '' for end-of-year reports .
- Six months ago , as some personnel specialists saw it , a perception that President Bush really cared about fair employment -- after what [ARG0 they] [rel said] [ARG1 0 *T*-1 was eight years of Reagan-era neglect] -- was prodding top management to raise hiring goals for females , blacks and other minorities .
- [ARG1 Managers have `` some very broad discretion] , '' [rel says] 0 *T*-1 [ARG0 an official at Walt Disney Co] .
- `` [ARG1 You ca n't hire competent Americans and say , ` * Let them run only their own show] , ' '' [rel says] *T*-2 [ARG0 Vladimir Pucik , who *T*-1 headed the study run * with Egon Zehnder International , a search firm] .
- `` [ARG0 You] [ARGM-MOD ca] [ARGM-NEG n't] hire competent Americans and [rel say] , ` [ARG1 * Let them run only their own show] , ' '' says *T*-2 Vladimir Pucik , who *T*-1 headed the study run * with Egon Zehnder International , a search firm .
- [ARG0 The researchers] [rel say] [ARG1 0 many Japanese companies err in the U.S. by *-1 adopting the American practice of * hiring managers on the `` open market] . ''
- [ARG1 The perception lingers] , [rel says] 0 *T*-1 [ARG0 an official at a major industrial company] .
- `` [ARG1 Some Japanese executives are not yet ... comfortable about *-1 sharing strategic information with their American colleagues] , '' [ARG0 the researchers] [rel say] *T*-2 .
- [ARG0 More than half the people surveyed * for the Employee Benefit Research Institute] [rel say] [ARG1 0 they would be willing and able *-1 to pick up most of the cost of the coverage] .
- [ARG1 FRINGE-BENEFIT spending by small and medium-sized employers has dropped to 25 % of payroll from 29 % three years ago] , [rel says] 0 *T*-1 [ARG0 the National Institute of Business Management , an advisory service] .
- `` [ARG1 I 've been recruiting every single day since it *ICH*-2 's been identified *-1 that many AIDS patients come from the inner city] , '' [ARG0 she] [rel says] *T*-3 .
- [ARG0 Parkland Memorial Hospital in Dallas] [rel says] [ARG1 0 it has n't had any problem *-1 recruiting , even after a nurse contracted the virus while *-2 injecting an AIDS patient] .
- [ARG1 No one panicked] , '' [ARG0 a spokeswoman] [rel says] *T*-1 .
- [ARG1 Yale-New Haven Hospital sees no problem] , [rel says] 0 *T*-1 [ARG0 John Fenn , the chief of staff] .
- `` [ARG1 There are enough enlightened and spirited individuals who *T*-1 know their responsibilities] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 The Association of Outplacement Consulting Firms] [rel says] [ARG1 0 the industry 's volume has soared tenfold since 1980 , to $ 350 million *U* a year] ... .
- [ARG0 Triad Solutions] [rel says] [ARG1 0 software producers had each invested hundreds of thousands of dollars in programs that now *T*-1 have no use] .
- `` [ARG1 I do n't think 0 the Bush administration has done anything] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-LOC In a sign of easing tension between Beijing and Hong Kong] , [ARG0 China] [rel said] [ARG1 0 it will again take back illegal immigrants caught * *-1 crossing into the British colony] .
- [ARG0 Italy 's Foreign Ministry] [rel said] [ARG1 0 it is investigating exports to the Soviet Union by an Ing . C. Olivetti & Co. subsidiary called * OCN-PPL that *T*-1 makes numerically controlled machine tools] .
- [ARGM-DIS However] , [ARG0 an Olivetti spokeswoman] [rel said] [ARG1 0 OCN-PPL , of which Olivetti sold the majority interest *T*-2 last year , `` does n't make equipment that *T*-1 has the type of precision necessary for sophisticated productions] . ''
- [ARG0 Conservationists] [rel say] [ARG1 that drift-net fishing threatens *-1 to wipe out much of the world 's tuna stocks in a few years] .
- `` [ARG1 It *EXP*-2 is really unfortunate for human beings to be swayed *-1 by emotional discussions] , '' [ARG0 the association] [rel said] *T*-3 .
- [ARGM-TMP Earlier this year] , [ARG0 Japan] [rel said] [ARG1 0 it would cut the number of its drift-net vessels in the South Pacific by two-thirds , or down to 20] .
- [ARG1 Workers at Peugeot S.A. 's car plant at Sochaux , in eastern France , voted *-2 to end a six-week-old strike that *T*-1 has cost the Peugeot group production of 60,000 automobiles] , [ARG0 a company spokesman] [rel said] 0 *T*-3 .
- [ARG0 The spokesman] [rel said] [ARG1 0 the vote at Sochaux is expected *-3 to be followed *-1 by a similar move at the company 's assembly plant at Mulhouse , where the number of strikers has been whittled *-2 down to 80 *T*-4] .
- [ARG0 A De Beers spokesman] [rel said] yesterday [ARG1 0 the company had offered *-1 to increase the minimum wage by 18 % , while the union was demanding 26.6 %] .
- [ARG1 Since the first fraud was discovered *-1 in July 1986 at an office of the People 's Bank of China in Shenzhen , 15 major cases have been found *-2] , [ARG0 the paper] [rel said] 0 *T*-3 ; the biggest was the theft of $ 235,000 *U* from a bank in Chengdu in March 1988 .
- [ARG1 But security systems , effective management controls and regulations * to govern their use have not kept pace] , [ARG0 the People 's Daily] [rel said] 0 *T*-1 .
- [ARG1 Besides money , criminals have also used computers *-2 to steal secrets and intelligence] , [ARG0 the newspaper] [rel said] 0 *T*-1 , but it gave no more details .
- [ARG1 Japanese tourists will be told *-1 to take care when *-2 photographing earthquake damage in San Francisco *T*-4] , [ARG0 the Japan Association of Travel Agents] [rel said] 0 *T*-3 .
- [ARG0 Tass] [rel said] [ARG1 0 Lenin 's tomb in Red Square will be closed *-1 from Nov. 10 to Jan. 15 for essential maintenance] .
- `` [ARG1 If we 're not careful we could become known as a haven for war criminals] , '' [rel said] *T*-1 [ARG0 Jeff Rooker , a member of Parliament and one of several British politicians attending a London conference with government investigators from the U.S. , Canada and Australia] .
- [ARG1 Fatalities on rural interstates rose 33 % between 1986 and last year] , [ARG0 the National Highway Traffic Safety Administration] [rel said] 0 *T*-1 [ARGM-LOC in a report on the impact of the 65 miles-per-hour speed limit on those roads] .
- [ARG0 The report to Congress] [rel said] [ARG1 that fatalities rose 18 % in 1987 and 13 % in 1988 on rural interstates] .
- -LRB- `` [ARG0 Food manufacturer] changes spelling of ` catsup ' to ` ketchup , ' *-2 [rel saying] [ARG1 0 that 's the spelling 0 people now prefer *T*-1] . ''
- [ARG0 The government] [rel said] [ARG1 0 it would streamline its enormous and often-criticized food marketing and distribution network , Compania Nacional de Subsistencias Populares , or Conasupo] .
- [ARG0 Conasupo Director Ignacio Ovalle Fernandez] [rel said] [ARG1 0 the agency will sell 589 midsized supermarkets and several food-production plants and warehouses * beginning early next year] .
- [ARG0 Mr. Ovalle] [ARGM-DIS also] [rel said] [ARG1 0 Conasupo will cut back subsidies to producers of nonessential farm products and close retail outlets in wealthy neighborhoods] .
- `` [ARG1 The agency has concluded that contamination may be widespread throughout the mushroom-processing industry in China] , '' [ARG0 an FDA spokesman] [rel said] *T*-1 [ARGM-TMP yesterday] .
- [ARG0 A spokesman for the Chinese Embassy] [ARGM-LOC here] [rel said] [ARG1 that the Beijing government has taken `` many effective measures '' * to stop the mushroom contamination and is further investigating the underlying causes] .
- `` [ARG1 They 'll go from *-1 being one of the most leveraged *RNR*-2 to one of the least leveraged *RNR*-2 casino companies] , '' [rel said] *T*-3 [ARG0 Daniel Lee , an analyst with Drexel Burnham Lambert Inc] .
- [ARG1 Overall] , [ARG0 he] [rel said] 0 *T*-1 , the trend in stock prices will be down as the economy weakens .
- `` [ARG1 We think 0 we 're on target in * looking for renewed economic deterioration] , '' [ARG0 he] [rel said] *T*-1 .
- Hugh Johnson , chief investment officer at First Albany Corp. , agreed that a deteriorating economy is worrisome , but [ARG0 he] [rel said] [ARG1 0 the real concern among stock investors is that some new problem will crop up in the junk bond market] .
- [ARG0 Traders and analysts] [rel said] [ARG1 0 the divergence between the stock and bond markets is a sign of growing unease about the economic outlook] .
- [ARG0 Analysts] [rel say] [ARG1 0 they think 0 durable goods orders fell about 1 % , compared with a 3.9 % gain in August , and that growth in the third quarter slowed to about 2.3 % from the second quarter 's 2.5 %] .
- [ARGM-DIS But] [ARG0 A.C. Moore , director of research at Argus Research ,] [rel said] [ARG1 0 last week 's rally was a reflex reaction to the Oct. 13 stock market rout] .
- You quote [ARG0 Robert Crandall , chairman of American 's parent , AMR Corp. ,] as *-1 having [rel said] [ARG1 that discount deals for big customers would be `` dumb '' because `` you will go to Detroit because you have *-2 to go to Detroit whether the fare is $ 175 *U* , $ 275 *U* or $ 375 *U*] . ''
- [ARG0 Paul DuCharme , director of media services at Grey Advertising ,] [rel said] [ARG1 0 Meredith is the leader in * providing multimedia packages] .
- `` [ARG1 They may get passed up later when other publishers get their acts together *T*-1 , but for now they are the quickest offering the most extensive plan] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Mr. Murphy of Meredith] [rel said] [ARG1 0 one advertiser , which he would n't identify *T*-3 , wants Meredith to provide ad pages in seven Meredith magazines , publish an interior-decorating book that *T*-2 will be distributed *-1 at point of purchase , give away a videotape on installation pointers , and possibly use Meredith 's Better Homes and Gardens ' residential real-estate agents * to distribute discount-coupon books to new homeowners] .
- `` [ARG1 Five years ago , magazine publishers would simply bid on an advertiser 's big ad schedule for their magazine] , '' [rel said] *T*-1 [ARG0 Mr. Murphy] .
- [ARG0 The Des Moines-based publisher] [rel said] [ARG1 0 it created a new Custom Marketing Group that *T*-1 will offer advertisers special rates for combination packages in its magazines , such as Ladies Home Journal and Better Homes and Gardens] .
- [ARG0 Advertisers] [ARGM-TMP now] [rel say] ` [ARG1 * Help us improve our image and extend our selling season] . '
- [ARG0 Bill Murphy , director of the new marketing unit ,] [rel said] [ARG1 0 Meredith is negotiating other large-scale packages with leading companies in several product categories] , but he would n't disclose their names .
- [ARG0 Sources close to the company and ad agencies that *T*-1 work with Meredith] [rel said] [ARG1 0 leading advertisers in consumer electronics , packaged goods and automotive products were among those negotiating ad packages with the Meredith group] .
- Their `` secret '' is that they gather a small group of advisers around them , listen to [ARG1 what] [ARG0 they] have *-1 to [rel say] *T*-2 , prepare a business plan and they are on their way .
- `` [ARG1 I guess 0 I was naive] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Reebok] [rel said] [ARG1 0 Mr. LaBonte will resume the presidency of Vantage Group Inc. , a California-based venture capital firm that he founded *T*-1 in 1983] .
- [ARG0 A spokesman] [rel said] [ARG1 that neither Mr. Fireman nor Mr. LaBonte would be available for comment] .
- `` [ARG1 We will not be commenting beyond the news release] , '' [ARG0 the spokesman] [rel said] *T*-1 .
- [ARG1 The departures] , [rel said] 0 *T*-1 [ARG0 Alice Ruth , an analyst at Montgomery Securities in San Francisco] , should enable the company * to focus on business issues instead of management differences .
- [ARG0 Mr. Lipstein] [rel said] [ARGM-LOC in a telephone interview from New York] [ARG1 that the sale was proceeding as * planned *-1] .
- [ARG1 It 's simply the right time 0 * to do what we are doing *T*-1 *T*-2] , '' [ARG0 Mr. Lipstein] [rel said] *T*-3 .
- `` [ARG1 Magazines can no longer be considered *-1 institutions] , '' [rel said] *T*-2 [ARG0 James Autry , president of Meredith Corp. 's magazine group] .
- [ARG0 Mr. Ritterman] [rel said] [ARG1 that in the next six months he will take $ 50 million *U* from the Soap Opera Digest sale *-1 to acquire new magazines] .
- `` [ARG1 The magazines 0 I am looking for *T*-1 are underdeveloped] , '' [rel said] *T*-2 [ARG0 Mr. Ritterman] .
- `` [ARG1 This is an impressive show of faith in the future of the magazine industry] , '' [rel said] *T*-1 [ARG0 Mr. Kummerfeld] .
- [ARG0 MCA Inc.] [rel said] [ARG1 0 its toy-making unit agreed *-1 to buy Buddy L Corp. , producer of a line of toy vehicles and preschool products] .
- The price was n't disclosed *-1 , but [ARG0 an executive of LJN Toys Ltd. , the MCA unit ,] [rel said] [ARG1 0 the closely held Buddy L had annual sales in excess of $ 20 million *U*] .
- [ARG1 The 40-year-old Buddy L concern , based * in New York , designs and develops toys under the names `` Buddy L '' and `` My First Buddy] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 MCA] [rel said] [ARG1 0 it expects the proposed transaction to be completed *-2 `` no later than Nov. 10] .
- [ARG0 Arthur Burns , Federal Reserve Board chairman ,] [rel said] [ARG1 0 the government 's `` luck '' in * keeping the bank open -- despite * being the then-biggest U.S. bank failure -- prevented `` shock waves around the country and around the world] . ''
- `` [ARG1 The essence of * being a trial lawyer is * understanding how people of diverse backgrounds react to you and your presentation *T*-2] , '' [rel says] *T*-3 [ARG0 Barry Ostrager of Simpson Thacher & Bartlett , who *T*-1 recently won a huge case on behalf of insurers against Shell Oil Co] .
- [ARG0 He] [rel says] [ARG1 0 he used consultants in the case but `` found them to be virtually useless] . ''
- `` [ARG1 There 's no reason 0 * to believe that juries rule inappropriately *T*-1] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 Furthermore] , [ARG0 he] [rel says] 0 *T*-1 , psychologists should not be allowed *-2 to analyze jurors ' personalities .
- `` [ARG1 The more extensive the voir dire , the easier you make it *EXP*-2 *?* for that kind of research to be effective , and I do n't think 0 courts should lend themselves to that] , '' [ARG0 Mr. Boies] [rel says] *T*-1 .
- `` [ARG1 It 's gotten to the point where if the case is large enough , it *EXP*-2 's almost malpractice * not to use them *T*-1] , '' [ARG0 he] [rel says] *T*-3 .
- `` [ARG1 The affluent people and the corporations can buy it , the poor radicals -LCB- in political cases -RCB- get it free , and everybody in between is at a disadvantage , and that 's not the kind of system 0 we want *T*-2] , '' [rel says] *T*-3 [ARG0 Amitai Etzioni , a prominent sociologist who *T*-1 teaches at George Washington University] .
- `` [ARG1 The hardest thing in any complex case is * to retain objectivity and , in some sense , your ignorance] , '' [rel says] *T*-1 [ARG0 Mr. Boies of Cravath , Swaine & Moore] .
- `` [ARG1 It 's just like weather forecasting] , '' [rel says] *T*-1 [ARG0 Energy Transportation trial attorney Harry Reasoner of Vinson & Elkins] .
- [ARG1 Instead] , [ARG0 Mr. Vinson] [rel says] 0 *T*-1 , interviews with thousands of jurors reveal that they start with firmly entrenched attitudes and try *-2 to shoe-horn the facts of the case 0 *T*-3 to fit their views .
- [ARG1 Studies] show , [ARG0 the consultants] [rel say] 0 *T*-1 , that people absorb information better and remember it longer if they receive it visually .
- `` [ARG1 They may not have been able *-1 to articulate it all , but they did it] , '' [rel says] *T*-2 [ARG0 Stephen Gillers , a legal ethics expert at New York University law school] .
- [ARG0 Silicon Graphics Inc. , a fast-growing maker of computer workstations ,] [rel said] [ARG1 0 it landed two federal government contracts worth more than $ 100 million *U* over the next five years] .
- `` [ARG1 It *EXP*-1 's pretty safe * to assume 0 we can bring the cost *ICH*-2 down of these systems by 30 % to 40 % a year] , '' [rel said] *T*-3 [ARG0 Edward McCracken , the company 's chief executive officer] .
- [ARG1 The awards are evidence that Silicon Graphics ' approach to computer graphics is catching on with users of powerful desktop computers] , [ARG0 analysts] [rel said] 0 *T*-1 .
- `` [ARG1 The company 's on a roll] , '' [rel said] *T*-1 [ARG0 Robert Herwick , an analyst at Hambrecht & Quist] .
- But [ARGM-ADV even though by some estimates it might cost the world as much as $ 100 billion *U* between now and the year 2000 *-1 to convert to other coolants , foaming agents and solvents and to redesign equipment for these less efficient substitutes] , [ARG0 the Montreal Protocol 's legions of supporters] [rel say] [ARG1 0 it is worth it] .
- `` [ARG1 I would be the first 0 *T*-1 to admit that there is not a complete consensus in the scientific community on either one of these problems] , '' [rel says] *T*-2 [ARG0 Mr. Teagan] .
- `` [ARG1 Those kinds of issues always keep *-2 coming back] , '' [rel says] *T*-3 [ARG0 Robert Beckwith , who *T*-1 manages the Illinois Chamber of Commerce 's small-business office] .
- `` [ARG1 It 's just a matter of time before the tide turns] , '' [rel says] *T*-1 [ARG0 one Midwestern lobbyist] .
- `` [ARG1 We 'll be playing a lot of defense , especially in the Midwest and Northeast] , '' [rel says] *T*-1 [ARG0 Jim Buente of the NFIB] .
- [ARGM-ADV With some new rules] , [ARG0 state officials] [rel say] [ARG1 0 they made it easier -- and faster -- * to sell new franchises whose terms *T*-1 stray from those in state-registered contracts] .
- He argues 0 California regulators historically have misinterpreted their law -- and [ARG0 he] [rel says] [ARG1 0 negotiated sales that *T*-1 are n't pre-registered have been legal all along] .
- [ARG0 Only 4 % of Missouri small businesses surveyed *] [rel say] [ARG1 0 they 've tested an employee or applicant for drug or alcohol use] ... .
- `` [ARG1 It 's worse than I thought *?*] , '' [ARG0 she] [rel said] *T*-1 .
- `` [ARG1 It 's one of the smoothest commutes 0 I 've ever had *T*-1] , '' [rel said] *T*-2 [ARG0 Charles Catania , an insurance broker on the bus from Mill Valley in Marin County] .
- [ARGM-ADV However] , [ARG0 a spokeswoman for BankAmerica Corp.] [rel said] [ARG1 0 yesterday 's absenteeism at the bank holding company was no greater than on an average day] .
- `` [ARG1 Everybody pretty much pitched in and cooperated] , '' [rel said] *T*-1 [ARG0 Stan Perez , a sergeant with the California Highway Patrol] .
- [ARG0 Bechtel Group Inc. , the giant closely held engineering concern ,] [rel says] [ARG1 0 it has instituted a 6 a.m. to 8 p.m. flextime arrangement , whereby employees may select any eight-hour period during those hours 0 * to go to work *T*-1 *T*-2] .
- [ARG1 The flextime may cut by almost a third the number of PG&E employees working conventional 9-5 hours] , [ARG0 a spokesman] [rel says] 0 *T*-1 .
- [ARG1 At Pacific Telesis Group , flextime is left *-1 up to individual working groups , because some of the telephone company 's employees must be on-site during normal business hours] , [ARG0 a spokeswoman] [rel says] 0 *T*-2 .
- [ARG0 One senior vice president at Bechtel] [rel said] [ARG1 0 he got up at 3 a.m. *-1 to drive into San Francisco from the East Bay] .
- Although [ARG0 one transportation official] [rel said] [ARG1 0 drivers who *T*-1 did n't use car pools were committing `` an anti-social act] , '' about two-thirds of the motorists crossing the Golden Gate were alone , compared with the normal 70 % rate .
- [ARG1 `` The computer 's mind is too straight , too primitive , '' *-1 lacking the intuition and creativity needed * * to reach the top] , [ARG0 he] [rel said] 0 *T*-2 .
- `` [ARG1 Only two classes of minds *ICH*-2 would think of this -- very weak human players , and computers] , '' [rel said] *T*-1 [ARG0 Edmar Mednis , the expert commentator for the match , which *T*-4 was attended *-3 by hundreds of chess fans] .
- `` [ARG1 In a new position just after the opening , a computer will have serious problems] , '' [ARG0 Mr. Kasparov] [rel said] *T*-1 [ARGM-TMP later] .
- `` [ARG1 In both games I got exactly what I wanted *T*-1] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 His strategy against D.T.] was based *-2 on a thorough study of dozens of its games , [ARG0 he] [rel said] 0 *T*-3 , including its notorious whippings of the grandmasters Bent Larsen of Denmark and Robert Byrne of the U.S. .
- `` [ARG1 This is one thing 0 I was never aware of *T*-1] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 Yield greed often gets in the way of * understanding things] , '' [rel says] *T*-1 [ARG0 John Markese , research director of the American Association of Individual Investors , a Chicago-based educational group] .
- [ARG0 He] [rel says] [ARG1 that he knew 0 he was getting a zero-coupon CD and that he had previously invested in TIGRs -LRB- Treasury Income Growth Receipts -RRB- , a type of zero-coupon Treasury security sold * by Merrill Lynch] .
- [ARGM-DIS But] [ARG0 he] [rel says] [ARG1 0 he did n't understand 0 he was buying the CD on the secondary market] , and he contends 0 his broker never fully explained the risks .
- [ARG0 Those officials] [rel say] [ARG1 0 there was full disclosure of the risks in a `` fact sheet '' sent * to all CD investors with their confirmation of sale] .
- [ARG0 The fact sheet , dated * April 1986 ,] [rel says] [ARGM-LOC on page three] : `` [ARG1 If the price paid * for a CD purchased * in the secondary market ... is higher than the accreted value in the case of zero-coupon CDs , the difference ... is not insured *-1] ... .
- [ARG0 Dr. Blumenfeld] [rel says] [ARG1 0 he does n't remember the paragraph about premiums in the fact sheet 0 he received *T*-2 and did n't realize 0 part of what he paid *T*-1 was a premium] .
- `` [ARG1 I assumed 0 I was buying a CD as a CD] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 It 's not a blanket commitment , it 's a case-by-case situation] , '' [rel says] *T*-1 [ARG0 Albert Disposti , a managing director of Merrill Lynch Money Markets Inc] .
- Merrill Lynch says 0 it *EXP*-1 's impossible * to estimate how many investors *T*-2 are in Dr. Blumenfeld 's situation , although [ARG0 it] [rel says] [ARG1 0 the firm has received only one other complaint about premiums on the secondary market in three years] .
- [ARG0 Merrill Lynch] [rel says] [ARG1 0 it *EXP*-1 's impossible * to estimate how many investors *T*-2 are in Dr. Blumenfeld 's situation] , [ARGM-ADV although it says 0 the firm has received only one other complaint about premiums on the secondary market in three years] .
- [ARG0 Dr. Blumenfeld] [rel says] [ARG1 0 he 's satisfied that his problem has been resolved *-1] .
- [ARGM-DIS And] [ARG0 he] [rel says] [ARG1 0 he 's learned a lesson : `` You always have *-1 to watch out for yourself] .
- [ARGM-DIS But] [ARGM-TMP nearly 3 1\/2 years later] , [ARG0 Merrill] [rel says] [ARG1 0 the investment is worth about $ 43,000 *U* -- an amount that *T*-1 represents an annual return of just over 2 % on Dr. Blumenfeld 's $ 40,000 *U*] .
- `` [ARG1 We imagine with bourbon the Wild West , Western motion pictures and gunmen appearing] , '' [rel says] *T*-1 [ARG0 Kenji Kishimoto , vice president of Suntory International Corp. , a division of Suntory Ltd. , Japan 's largest liquor company] .
- [ARG0 The company] [rel says] [ARG1 0 it will increase its international advertising 35 % in 1990 , with bourbon representing most of that amount] .
- `` [ARG1 Spirits companies now view themselves as global marketers] , '' [rel says] *T*-1 [ARG0 Michael Bellas , president of Beverage Marketing Corp. , a research and consulting firm] .
- [ARG0 Weyerhaeuser Co.] [rel said] [ARG1 0 it sold its wall-paneling business to an affiliate of one of Indonesia 's largest wood-products firms] .
- [ARG0 Weyerhaeuser] [rel said] [ARG1 0 its paneling business employs about 300 workers at two facilities in Chesapeake , Va. , and Hancock , Vt] .
- [ARG0 Manville Corp.] [rel said] [ARG1 0 it will build a $ 24 million *U* power plant 0 *T*-1 to provide electricity to its Igaras pulp and paper mill in Brazil] .
- [ARG0 The company] [rel said] [ARG1 0 the plant will ensure that it has adequate energy for the mill and will reduce the mill 's energy costs] .
- [ARG0 Manville] [rel said] [ARG1 0 it expects the plant to begin *-1 operating at the end of 1991] .
- `` [ARG1 I am convinced that a monetary policy for this country that *T*-2 would return interest rates to the historical level of 4 % or 5 % would have not only an immediate impact on housing starts , the housing stock , our industry in America , the refurbishing of our industrial system , it would help the Third World economies considerably and it would particularly have a favorable impact upon our budget deficit] , '' [ARG0 Mr. Kemp] [rel said] *T*-1 .
- [ARG0 Bush administration officials] [rel say] [ARG1 0 inflation is under control] .
- [ARGM-ADV With economic growth slowing] , [ARG0 they] [rel say] [ARG1 0 they believe 0 the Fed should ease credit even further] .
- [ARG0 McDonald 's Corp.] [rel said] [ARG1 0 third-quarter earnings rose 14 % on a hefty sales gain , but domestic franchisees apparently did n't partake of the improvement] .
- [ARG0 Prudential-Bache Securities analyst Leslie Steppel] [rel said] [ARG1 0 reduced labor costs helped *-1 boost margins , although she doubted `` 0 that kind of performance is sustainable] . ''
- [ARG0 The world 's largest fast-food chain] [rel said] [ARG1 0 net income rose to $ 217.9 million *U* , or 59 cents a share , from $ 191.3 million *U* , or 51 cents a share , a year ago] .
- [ARG0 McDonald 's] [rel said] [ARG1 that systemwide sales would have been $ 115 million *U* greater had 1988 exchange rates remained in effect] .
- [ARG0 She] [rel said] [ARG1 0 the company could pay as much as 25 % more for the ships] .
- [ARG0 Analysts] [rel said] [ARG1 0 those estimates -- which *T*-2 range from about $ 1.80 *U* a share to $ 1.95 *U* a share -- are based *-1 on Fantasy being in operation in 1990] .
- [ARG0 Some analysts] [rel say] [ARG1 0 this may give it the right 0 * to seize the ship if the situation warrants it *T*-1] .
- [ARGM-TMP Early yesterday] , [ARG0 Carnival] [rel said] [ARGM-LOC in a company statement] [ARG1 that it had been `` notified *-1 unofficially '' that Waertsilae Marine Industries , the Finnish shipyard that *T*-2 is building its three new cruise ships , planned *-3 to file for bankruptcy] .
- `` [ARG1 There is just a tremendous amount of uncertainty about what the effect , if any , of all this is *T*-1] , '' [rel said] *T*-2 [ARG0 John P. Uphoff , an analyst at Raymond James Associates Inc] .
- [ARG0 Carnival] [rel said] [ARG1 0 the `` Fantasy , '' the first of the three $ 200 million *U* ships that Carnival has *T*-2 on order , is scheduled *-3 to be delivered *-1 next month , just in time for the winter tourist season in the Caribbean] .
- `` [ARG1 There 's a 99 % chance that the Fantasy will be delivered *-1 close to schedule] , '' [rel said] *T*-2 [ARG0 Caroline Levy , an analyst at Shearson Lehman Hutton Inc] .
- [ARG0 Designer Sandra Garratt] filed for Chapter 7 Bankruptcy Code protection , *-2 [rel saying] [ARG1 that her cash flow had been cut *-1 off] .
- [ARG0 The designer 's attorney , Molly Bartholow ,] [rel said] [ARG1 that Ms. Garratt was forced *-1 to start bankruptcy-law proceedings because Jerell began *-2 withholding her royalty payments last month] .
- [ARG0 Mr. Hardis] [rel said] [ARG1 0 truck-fleet operators appear *-1 to be cautious about *-2 buying new trucks until they see how the economy behaves *T*-3] .
- [ARG1 Sales of medium and heavy-duty trucks continue *-1 to lag previous-year rates , * leading Eaton to expect fourth-quarter net income to fall below year-earlier levels] , [rel said] 0 *T*-2 [ARG0 Stephen R. Hardis , vice chairman and chief financial and administrative officer] .
- [ARG1 The truck sales slowdown reflects the general slowing in sales of consumer goods] , [ARG0 he] [rel said] 0 *T*-1 , and the latest reports show a slight improvement rather than any indication of a downward spiral .
- [ARG1 The quarter net was below analyst expectations mainly because truck-parts sales did n't rebound in September from the summer doldrums as they usually do *?*] , [rel said] 0 *T*-1 [ARG0 Patrick E. Sheridan , analyst with McDonald & Co] .
- [ARG0 Mr. Sheridan , who *T*-1 had been expecting quarter profit of about $ 1.25 *U* a share ,] [rel says] [ARG1 0 he is reducing his estimate for the year to the area of $ 5.70 *U* a share , from his previous estimate of $ 6.10 *U*] .
- [ARG0 Eli Lustgarten of PaineWebber Inc. , who a couple of weeks ago *T*-1 reduced his 1989 estimate to $ 5.70 *U* a share because of the weakening truck market ,] [rel says] [ARG1 0 he will make another cut to about $ 5.50 *U* a share in light of the third-quarter report] .
- [ARG0 He] [rel said] [ARG1 0 Eaton 's quarter profit margin on controls was lower than he anticipated] .
- [ARG0 Eaton] [rel said] [ARG1 0 sales of truck axles , transmissions and other parts fell 7.2 % to $ 295 million *U*] .
- [ARG1 Some of it was due to lower-than-expected earnings from leading companies] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 It] [rel said] [ARG1 0 net income was 17 cents a share in the third quarter , compared with 16 cents a share a year earlier] .
- [ARG1 Microsoft , which last week *T*-1 rose to a record ,] fell victim to profit-taking , [ARG0 traders] [rel said] , as it declined 2 1\/8 to 83 1\/8 .
- Among takeover stocks , Jefferson Smurfit jumped 1 1\/4 to 42 1\/2 after [ARG0 SIBV-MS Holdings] [rel said] [ARG1 0 the price 0 *T*-3 to be paid *-2 to Jefferson Smurfit 's minority holders has been raised *-1 to $ 43 *U* a share] .
- [ARG0 Some analysts] [rel say] [ARG1 0 investors will begin *-1 paying more attention to earnings , partly in response to the latest round of disappointments] .
- [ARG0 They] [rel say] [ARG1 0 investors will favor companies that *T*-1 historically have posted annual earnings growth of 15 % to 20 %] .
- [ARG1 That] would be good news for the OTC market , [ARG0 some analysts] [rel say] 0 *T*-2 , because many small growth stocks are traded *-1 there .
- [ARG0 Michael R. Weisberg , partner in charge of research at Robertson Stephens & Co. in San Francisco ,] [rel said] [ARG1 0 some investors have already made the switch] .
- `` [ARG1 It 's been a spectacular year for the emerging growth stock investor] , '' [ARG0 Mr. Weisberg] [rel said] *T*-1 .
- [ARG0 Some traders] [rel said] [ARG1 0 the sell-off of technology stocks on low volume reflected a lack of conviction by investors] .
- But [ARG0 Charlie Howley , vice president in charge of OTC trading at SoundView Financial in Stamford , Conn. ,] [rel said] [ARG1 0 the selling was orderly] .
- `` [ARG1 It 's a quiet retreat] , '' [rel said] *T*-1 [ARG0 Mr. Howley] .
- [ARG0 No one] [ARGM-MOD can] [rel say] [ARG1 *?*] .
- `` [ARG1 We may not have every manufacturing problem , but we have most] , '' [rel said] *T*-1 [ARG0 George Conrades , IBM 's top marketing official] .
- [ARG0 Consultants] have [rel said] [ARG1 that it *EXP*-1 will take a while for all the pieces of the IBM strategy to fall into place , even though the specific products 0 IBM unveiled *T*-2 will generally be available by the end of the first quarter] .
- [ARG0 Sam Albert , a consultant in Scarsdale , N.Y. ,] [rel said] [ARG1 that in the past IBM has developed broad software strategies only for problems that *T*-1 crossed industry lines] .
- [ARG0 He] [rel said] [ARG1 0 he believes 0 IBM 's decision * to invest this sort of effort into a single industry showed that it was getting serious about * understanding customers ' problems and was n't just selling technology] .
- [ARG0 He] [rel said] [ARG1 0 he expects IBM to unveil similar strategies for other industries in coming months] .
- [ARG0 Yamaichi] [rel said] [ARG1 0 its pretax profit increased 8.9 % to 117.94 billion yen from 108.28 billion yen] .
- [ARG0 Nomura] [rel said] [ARG1 0 its pretax profits inched up 0.9 % to 248.91 billion yen -LRB- US$ 1.75 billion *U* -RRB- from 246.60 billion yen in the six months ended March 31] .
- [ARG0 Daiwa] [rel said] [ARG1 0 its pretax profits surged 9.6 % to 171.04 billion yen from 156.12 billion yen in the preceding six-month term] .
- [ARG0 Harken Energy Corp. of Dallas] [rel said] [ARG1 0 it will drop its $ 11.75-a-share , or $ 190 million *U* , offer for Tesoro Petroleum Corp. if the two companies do n't have an agreement * to merge by Dec. 15] .
- [ARG0 Harken , which *T*-1 made its offer in August ,] [rel said] [ARG1 0 it still is awaiting a response to its offer from Tesoro 's board] .
- [ARG0 Harken] [ARGM-DIS also] [rel said] [ARG1 that its financing from Bankers Trust Co. has been extended *-1 until Dec. 15 * to give Tesoro 's board time 0 * to consider the offer at a Tesoro board meeting scheduled * for mid-November *T*-2] .
- [ARG0 Harken , which *T*-1 owns about 800 retail gas stations ,] has [rel said] [ARG1 0 it is particularly interested in Tesoro 's refinery because it would fill a gap in its business] .
- [ARG0 National Environmental] [ARGM-DIS also] [rel said] [ARG1 0 it will move its headquarters from Hingham to Folcroft , Pa. , the site of its sludge dewatering facility] .
- [ARG0 Eagle Clothes Inc. , which *T*-1 is operating under Chapter 11 of the federal Bankruptcy Code ,] [rel said] [ARG1 0 it reached an agreement with its creditors] .
- [ARGM-LOC In its bankruptcy-law petition , filed * in U.S. Bankruptcy Court in Manhattan] , [ARG0 Eagle] [rel said] [ARG1 0 its problems began in 1987 and early 1988 when its then-senior lender , Bankers Trust Co. , reduced its credit line] .
- [ARGM-DIS But] [ARG0 Eagle] [rel said] [ARG1 0 the financing was insufficient and sales during the past fiscal year sagged] .
- [ARG0 Eagle] [ARGM-DIS also] [rel said] [ARG1 0 it received a commitment for as much as $ 8 million *U* in financing from Norfolk Capital Group Inc] .
- [ARG1 A committee representing the unsecured creditors agreed *-1 to accept 24 cents on the dollar] , [ARG0 Eagle] [rel said] 0 *T*-2 .
- [ARG0 Standard & Poor 's Corp.] [rel said] [ARG1 0 it would add John H. Harland Co. , an Atlanta check printer , to its 500-stock index , effective at the close of trading on Wednesday] .
- `` [ARG1 August is a month when people are paying school tuition *T*-1] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 I think 0 we are going *-1 to see deposit shrinkage continue , unless we see big changes in rates] , '' [ARG0 Mr. Ely] [rel said] *T*-2 .
- [ARG1 It was the third consecutive month in which thrifts shed assets *-1 to increase the size of their capital in relation to their assets *T*-2] , [ARG0 the Office of Thrift Supervision] [rel said] 0 *T*-3 .
- `` [ARG1 The downsizing of the thrift industry is well under way] , '' [rel said] *T*-1 [ARG0 Bert Ely , an industry consultant in Alexandria , Va] .
- [ARG0 Union Carbide Corp.] [rel said] [ARG1 0 third-quarter net income plunged 35 % from a year earlier on weakness in the company 's mainstay chemicals and plastics business] .
- [ARG0 A Carbide spokesman] [rel said] `` [ARG1 0 the conditions are right for the increase to hold] . ''
- `` [ARG1 It certainly was n't a disaster , but it does show weakness '' in some of the company 's chief markets] , [rel said] 0 *T*-1 [ARG0 George Krug , a chemicals-industry analyst at Oppenheimer & Co] .
- [ARG1 Ohio , the District of Columbia , Tennessee and Illinois have been less resistant to Drexel than the other six states , but nonetheless have refused *-1 to settle so far] , [rel say] 0 *T*-2 [ARG0 those familiar with the discussions] .
- [ARG0 Drexel] [rel says] [ARG1 0 it does n't expect 0 any of its state brokerage licenses will be revoked *-1] , and even if some are *?* , its securities business would n't be directly hurt *-2 .
- [ARG1 The reluctance of some states 0 * to let Drexel off the hook could hamper the firm 's attempts * to polish its image after its guilty plea to six felonies last month] , [rel say] 0 *T*-1 [ARG0 several people familiar with the discussions] .
- `` [ARG1 There was a lot of internal debate about that specific issue , ''] [rel said] *T*-1 [ARG0 Susan Bryant , Oklahoma 's chief securities regulator and president of the North American Securities Administrators Association , which *T*-3 drafted a voluntary settlement plan for the states with Drexel] .
- [ARG1 The question] , [ARG0 she] [rel said] 0 *T*-2 , is whether Drexel should be allowed *-3 to pay and move on , or `` whether you should -LRB- simply -RRB- revoke the license when someone is convicted *-1 of a felony *T*-4 . ''
- [ARGM-ADV While Ms. Bryant 's state went ahead and accepted Drexel 's settlement offer of $ 25,000 *U*] , [ARG0 she] [rel said] : `` [ARG1 I do n't have any argument with those who *T*-1 came to different conclusions] .
- [ARGM-DIS Similarly] , [ARG0 Alfred Rubega , New Hampshire 's director of securities regulation ,] [rel said] [ARG1 0 his state had n't received any complaints about Drexel , so it really could n't press the issue] .
- [ARG1 Still , `` I understand the reasons '' that other states are holding out *T*-1] , [ARG0 he] [rel said] 0 *T*-2 .
- Mr. Cohen , the Drexel general counsel , said , `` I do n't think , as [ARG0 we] [rel say] [ARGM-LOC in investment banking] , that ` by the end of the day ' we 'll be losing any licenses . ''
- [ARG0 Mr. Cohen , the Drexel general counsel ,] [rel said] , `` [ARG1 I do n't think , as we say in investment banking , that ` by the end of the day ' we 'll be losing any licenses] . ''
- [ARGM-ADV *-5 Asked *-4 about states that *T*-1 are taking a hard line] , [ARG0 he] [rel said] , `` [ARG1 There are states that *T*-2 have asked for additional information , which we are providing *T*-3 to them] . ''
- [ARG0 Mr. Cohen] [rel said] [ARG1 0 more than $ 2.8 million *U* has been paid *-1 to 26 states and that Drexel still expects *-2 to pay out a total of $ 11.5 million *U*] .
- [ARG0 Mr. Cohen] [rel said] [ARG1 0 more than $ 2.8 million *U* has been paid *-1 to 26 states and that Drexel still expects *-2 to pay out a total of $ 11.5 million *U*] .
- [ARG1 By the end of this week , Drexel should have another three to four settlements] , [ARG0 Mr. Cohen] [rel said] *T*-1 .
- `` [ARG1 The rate 0 we 're going *T*-1 , I think that by the end of the month , we 're looking *-2 to have a total of 30 to 35] , '' [ARG0 he] [rel said] *T*-3 .
- State officials wo n't describe their position in detail , but [ARG0 James McLelland Smith , state securities chief ,] [rel said] : `` [ARG1 We really are still looking at it and have informed -LRB- Drexel -RRB- that the proposal is really not sufficient for settlement] . ''
- `` [ARG1 This particular issue goes to the very integrity of the capital-formation market] , '' [ARG0 state Banking Commissioner Howard Brown] [rel said] *T*-1 .
- [ARG0 Ms. Bryant , the head of the state securities group ,] [rel said] [ARG1 0 Drexel has done a better job of * settling with the states than E.F. Hutton did *?* after its guilty plea to a massive check-kiting scheme several years ago] .
- [ARG1 Still] , [ARG0 she] [rel said] 0 *T*-1 , Drexel 's trouble with some states is n't a bad thing .
- `` [ARG1 This process should point out that it *EXP*-2 's not going *-1 to be easy for a firm that *T*-5 's convicted of a felony to immediately jump back into the retail business] , '' [ARG0 Ms. Bryant] [rel said] *T*-3 .
- [ARGM-DIS But] [ARG0 individuals familiar with the generally successful Drexel talks] [rel say] [ARG1 0 the firm is meeting resistance from some big states , including New Jersey , New York , California , Pennsylvania , Connecticut and Missouri] .
- [ARG0 Officials in some of these states] [rel say] [ARG1 0 they do n't want *-1 to simply accept the settlements offered * by Drexel] .
- Warner also contributed record results from its music business , where [ARG1 unit sales of compact discs] rose more than 50 % from a year ago , [ARG0 the company] [rel said] 0 *T*-1 , *-2 helped *-3 by Prince 's `` Batman '' soundtrack *T*-4 .
- [ARG0 Time Warner] [rel said] [ARG1 0 its cable division turned in a 77 % increase in operating cash flow , to $ 166 million *U* from $ 94 million *U* , * reflecting higher per-subscriber revenue] .
- [ARGM-DIS On the other hand] , [ARG0 Time Warner] [rel said] [ARG1 0 its operating cash flow *ICH*-1 declined in the quarter for its magazine division , its books division and the Home Box Office programming division] .
- `` What *T*-1 really matters is the operating income of the divisions : I look at these numbers and [ARG0 I] [rel say] , [ARG1 these businesses are doing well] , '' said *T*-2 Mark Manson , a vice president of Donaldson , Lufkin & Jenrette Securities Corp .
- `` [ARG1 What *T*-1 really matters is the operating income of the divisions : I look at these numbers and I say , these businesses are doing well] , '' [rel said] *T*-2 [ARG0 Mark Manson , a vice president of Donaldson , Lufkin & Jenrette Securities Corp] .
- [ARG0 William S. Leavitt , chairman ,] [rel said] [ARG1 0 Mr. Penn , 58 years old , would continue as a consultant and would work with the board in * selecting a successor] .
- [ARG0 The company] [rel said] [ARG1 0 it would have no further comment] .
- `` [ARG1 We believe that there are numerous other candidates more qualified for this important position and we encourage you to give them your thorough consideration before * making this key RTC appointment] , '' [ARG0 the letter] [rel said] *T*-1 .
- [ARG1 The Democratic appointee has n't been determined *-1] , [ARG0 the official] [rel said] 0 *T*-2 .
- Mr. Simmons declined *-1 to comment , and [ARG0 the White House] [rel said] [ARG1 0 the congressmen 's letter is under review] .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it lowered the debt ratings of certain long-term debt held * by this company] .
- [ARG0 Moody 's] [ARGM-DIS also] [rel said] [ARG1 0 it raised its rating on the Deposit Insurance Bridge Bank , now known * as Bank One , Texas N.A. , * reflecting the support of other banking affiliates and substantial assistance for the FDIC] .
- [ARG0 Mr. Lawrence] [rel says] [ARG1 0 the exchange is updating some procedures *-1 to make speedier payments on claims] .
- `` [ARG1 I have wished 0 I could die and be out of it -- that 's how bad it is *T*-2] , '' [ARG0 Betty Atkins , a secretary from suburban London ,] [rel says] *T*-1 .
- `` [ARG1 If Lloyd 's wants # 70,000 *U* out of me they will have *-3 to take everything 0 I 've got *T*-2 -- and even then I do n't know if it will be enough] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 I ca n't think of any reason 0 * to join Lloyd 's now *T*-2] , '' [rel says] *T*-1 [ARG0 Keith Whitten , a British businessman and a Lloyd 's member since 1979] .
- [ARGM-ADV If profits do n't improve] , [ARG0 Mr. Whitten] [rel says] [ARG1 0 he may quit the exchange *T*-1] .
- [ARG1 Bigger rivals , such as Aetna and Allianz , *-1 backed * by armies of statisticians using computers in hundreds of branches , operate more efficiently and often can offer lower rates] , [ARG0 brokers] [rel say] 0 *T*-2 .
- [ARG0 Ronald Kirk , president ,] [rel says] [ARG1 0 Lloyd 's has suffered because its structure does n't allow underwriters to deal directly with clients ; brokers are required intermediaries] .
- `` [ARG1 Lloyd 's has lost control of the situation] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 This is a watershed time , and we are trying *-1 to plot our way ahead] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 Lloyd 's] , [ARG0 he] [rel says] 0 *T*-2 , is cut off from `` the vast body of premium down at the bottom end which *T*-1 acts as a steadying influence '' against catastrophic losses .
- [ARG1 The exchange] , [ARG0 he] [rel says] 0 *T*-1 , must find new products and new markets .
- [ARG1 The Lloyd 's market actively underwrites insurance just 4 1\/2 hours a day] , [ARG0 brokers] [rel say] 0 *T*-1 .
- `` [ARG1 The system] , '' [rel says] *T*-2 [ARG0 Nicholas Samengo-Turner , a Lloyd 's broker who *T*-1 left the exchange in 1985] , `` is so ludicrously unprofessional 0 it drives you mad . ''
- [ARG0 John Wetherell , a Lloyd 's underwriter ,] [rel says] [ARG1 0 he and his fellow underwriters underestimated by as much as 50 % the premiums 0 they should have charged *T*-1 for property risks from 1980 to 1985] .
- `` [ARG1 How unprofessional we must have appeared *T*-1 to the outside world -- how incompetent at risk assessment and evaluation] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 Lloyd 's is on the ropes] , '' [rel says] *T*-2 [ARG0 Peter Nutting , a Lloyd 's investor for 17 years who *T*-1 now leads a dissident group threatening * to sue exchange underwriters for alleged mismanagement and negligence] .
- [ARGM-DIS But] [ARG0 Mr. Lawrence] [rel says] [ARG1 0 reported profit will be down in 1987 , 1988 and 1989] , [ARGM-ADV though he declines *-1 to specify how steep the decline will be *T*-2] .
- [ARG0 Insurance analysts] [rel say] [ARG1 0 the exchange 's downturn in profitability is likely *-2 to be aggravated *-1 by more than $ 600 million *U* in aviation losses -LRB- including the 1988 Pan Am airline disaster over Lockerbie , Scotland -RRB- and a still-uncalculated chunk of claims from September 's Hurricane Hugo] .
- [ARG0 Lloyd 's] [rel says] [ARG1 0 the departures of names is n't likely *-1 to hurt its underwriting capacity , currently about # 11 billion *U*] .
- [ARG0 Mr. Lawrence] [rel says] [ARG1 0 the drain of funds has been offset *-1 by an increase in investments by the remaining names] .
- `` [ARG1 He made desperate efforts , *-2 using the yellow pages from beginning to end] , '' [rel said] *T*-1 [ARG0 Koji Yoneyama , president of Daiwa 's U.S. unit] .
- [ARG1 Maybe it 's crazy] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-TMP Upon *-1 returning to New York] , `` *-1 Exhausted , I got into a taxicab , and [ARG0 the woman driver] [rel said] : ` [ARG1 Americans make better fishermen] , ' '' he recalled 0 *T*-2 .
- [ARGM-ADV *-1 Undaunted] , [ARG0 Mr. Dozen] [rel said] [ARG1 that Daiwa 's goal is * to build `` a high-technology oriented international organization with maybe some Japanese flavor to it] . ''
- [ARG0 He] [rel said] [ARG1 that he was particularly interested in his firm gaining expertise in futures , options , mortgaged-backed securities , computerized trading and investment systems as well as mergers and acquisitions] .
- [ARG0 Mr. Dozen] [rel said] [ARG1 0 Daiwa 's strengths were its large capital base , its influential position in the Tokyo market and its links to Japanese corporations and institutional investors] .
- `` [ARG1 He was constantly picking up new things 0 *T*-1 to fill out his experience ; he is very well-balanced] , '' [rel said] *T*-2 [ARG0 Takuro Isoda , chairman of Daiwa 's U.S. unit in New York] .
- [ARG1 And anybody who *T*-1 lacked the backing of the retail sales force `` would be fragile] , '' [rel said] 0 *T*-2 [ARG0 a Daiwa executive] .
- `` [ARG1 He digs in the sand instead of *-1 hitting the ball , like a farmer] , '' [rel said] *T*-2 [ARG0 Mr. Yoneyama] .
- [ARG0 Inco] [rel said] [ARG1 0 the drop in earnings resulted mainly from lower nickel prices for the period and a temporary cut in nickel output at the company 's Manitoba operations due to high levels of arsenic in the ore] .
- [ARG0 Inco] [rel said] [ARG1 0 it plans *-1 to buy back as many as five million common shares over the next 12 months if nickel market conditions are favorable] .
- [ARG0 The nickel producer] [ARGM-DIS also] raised its quarterly dividend to 25 cents a share from 20 cents and [rel said] [ARG1 0 it may buy back as much as 4.8 % of its common outstanding] .
- [ARG0 Analysts] [rel said] [ARG1 0 some investors were disappointed that the cash-rich company had failed *-1 to announce a special dividend] .
- [ARG0 Some analysts] [rel said] [ARG1 0 Inco , which *T*-1 had cash reserves of $ 272 million *U* as of Sept. 30 , could still announce a special dividend in the next few months , though it would be smaller than the $ 10-a-share special dividend 0 it paid *T*-2 last year] .
- [ARG0 UAL Corp. 's board] quashed any prospects for an immediate revival of a labor-management buy-out , *-1 [rel saying] [ARG1 0 United Airlines ' parent should remain independent for now] .
- [ARGM-DIS But] [ARG0 the board] [rel said] [ARG1 0 it was n't interested for now] .
- [ARG0 The directors] signaled , however , that they would be willing *-1 to consider future offers or take some other action *-2 to maximize shareholder value , *-3 [rel saying] [ARG1 0 they would continue *-4 to explore `` all strategic and financial alternatives] . ''
- [ARG0 The board] [rel said] [ARG1 0 it concluded that `` the welfare of the company , its shareholders , its employees and the broader public ... can best be enhanced *-1 by continued development of UAL as a strong , viable , independent company . '']
- [ARG0 The union] [rel said] [ARGM-TMP late last night] [ARG1 that it is still committed to majority employee ownership and that the labor disputes that *T*-2 faced the company prior to the buy-out effort `` still need *-3 to be addressed *-1] . ''
- [ARG0 Arbitragers] [rel said] [ARG1 0 they were disappointed 0 the company did n't announce some recapitalization or other plan * to maximize value] .
- [ARG0 Los Angeles investor Marvin Davis , whose $ 240-a-share offer for UAL in August *T*-1 triggered a bidding war ,] [rel says] [ARG1 0 he remains interested in the airline] .
- [ARG0 Tandy Corp.] [rel said] [ARG1 0 it wo n't join U.S. Memories , the group that *T*-1 seeks *-2 to battle the Japanese in the market for computer memory chips] .
- [ARG0 Mr. Kane] [rel said] [ARG1 0 he expects two or three major corporations to announce their participation in U.S. Memories soon after the group finishes a business plan , probably late this week] .
- [ARG1 U.S. Memories] needs a catalyst , [ARG0 he] [rel said] 0 *T*-2 , 0 *T*-1 to inspire others to join .
- [ARG0 Sun Microsystems Inc.] [rel said] [ARG1 it 's still actively evaluating U.S. Memories and plans *-1 to meet with U.S. Memories representatives later this week] .
- [ARG0 American Telephone & Telegraph Co.] [rel said] [ARG1 0 it was waiting *-1 to see U.S. Memories ' business plan] .
- [ARG0 Personal-computer maker AST Research Inc.] [rel said] [ARG1 0 it is still studying the situation] .
- [ARG0 A Compaq Computer Corp. spokeswoman] [rel said] [ARG1 that the company has n't made a decision yet , although `` it is n't under active consideration] .
- [ARGM-TMP Last month] , [ARG0 Apple Computer Inc.] [rel said] [ARG1 that it would n't invest in the group] .
- [ARG0 Apple] [rel said] [ARG1 that its money would be better spent *-1 in areas such as research and development] .
- [ARG0 Tandy] [rel said] [ARG1 0 its experience during the shortage did n't merit the $ 5 million to $ 50 million *U* investment 0 U.S. Memories is seeking *T*-1 from each investor] .
- `` [ARG1 At this time , we elected *-1 not to get involved because we have been able *-2 to satisfy our need -LCB- for DRAMs -RCB- from the market as a rule] , '' [rel said] *T*-3 [ARG0 Ed Juge , Tandy 's director of market planning] .
- [ARG0 Sanford Kane , U.S. Memories president ,] [rel said] [ARG1 0 the decision was `` disappointing , '' but does n't presage U.S. Memories ' failure] .
- `` [ARG1 I would like *-2 to have had them] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 `` The interpretation '' of the executive order] , [ARG0 Mr. Stoltz] [rel said] 0 *T*-2 , `` and the way in which the various committees have over time interpreted it *T*-1 , has led in my view to a proper caution on the part of operators , including me . ''
- There are of course good reasons 0 the U.S. should n't get into the assassination business *T*-1 , but * rescinding the executive order is not the same thing as [ARG0 *] [rel saying] [ARG1 0 the U.S. should start *-2 passing out exploding cigars] .
- There were no immediate reports of deaths , but [ARG0 officials] [rel said] [ARG1 0 a number of workers were still unaccounted for last night] .
- Nearby Pasadena , Texas , police reported that 104 people had been taken *-1 to area hospitals , but [ARG0 a spokeswoman] [rel said] [ARG1 0 that toll could rise] .
- [ARG1 The injured , including three in critical condition , were treated *-1 for burns , breathing problems and cuts from flying glass] , [ARG0 hospital officials] [rel said] 0 *T*-2 .
- [ARG0 The Bartlesville , Okla. , oil company] [ARGM-TMP late yesterday] [ARGM-TMP still] had [ARGM-NEG n't] [rel said] [ARGM-MNR officially] [ARG1 what *T*-1 caused the explosions and fires , which *T*-2 sent columns of heavy black smoke billowing high into the air] .
- [ARG0 One local Phillips manager] [rel said] [ARG1 0 a seal *PPA*-1 blew in one of the plant 's reactors] .
- Broken water lines and gas leaks hindered firefighters ' efforts , [ARGM-DIS but] [ARGM-TMP by late yesterday] [ARG0 authorities] [rel said] [ARG1 0 they had the fire under control] .
- [ARG0 Manhattan U.S. Attorney Otto Obermaier] [rel said] [ARG1 0 it was the first time ever that the government had obtained any disgorgement from an organized crime figure indicted * under the civil racketeering law *T*-1] .
- [ARG0 Exxon Corp.] [rel said] [ARG1 0 its third-quarter earnings slipped 9 % as profits from two of its three major businesses sagged] .
- [ARG1 All cleanup costs from last spring 's Alaskan oil spill were reflected *-1 in earlier results] , [ARG0 it] [rel said] 0 *T*-2 .
- [ARG1 Although crude oil prices were significantly higher this year , they were n't strong enough * to offset the declining profits in those business sectors at most oil companies] , [rel said] 0 *T*-1 [ARG0 William Randol , oil analyst for First Boston Corp] .
- [ARG1 Shrinking profit margins in chemical and refining and marketing sectors accounted for most of the decline] , [rel said] *T*-1 [ARG0 Chairman C.J. Silas] [ARGM-LOC in a statement] .
- [ARG0 Occidental] [rel said] [ARG1 0 oil and gas earnings fell to $ 17 million *U* from $ 20 million *U*] .
- [ARG1 Offsetting the lower stake in Lyondell were *T*-1 higher crude oil prices , increased natural gas volumes and higher coke prices] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 An Exxon official] [rel said] [ARG1 that at this time the oil company does n't anticipate any additional charges to future earnings relating to the cleanup of oil spilled * when one of its tankers rammed into an underwater reef *T*-1] .
- [ARG0 She] [rel said] [ARG1 0 that impact ca n't be reasonably assessed *-1 yet] .
- `` [ARG1 Ninety percent of Mort 's old show fits into our style] , '' [rel said] *T*-1 [ARG0 Mr. Eskridge] .
- Mr. Downey said 0 he is not going *-1 to change his style , which [ARG0 some critics] [rel said] [ARG1 0 *T*-2 was flamboyant] and others deemed *T*-2 offensive .
- [ARG0 Mr. Downey] [rel said] [ARG1 0 he is not going *-1 to change his style , which some critics said 0 *T*-2 was flamboyant and others deemed *T*-2 offensive] .
- [ARG0 Michael Eskridge , president of CNBC ,] [rel said] [ARG1 that although there will be a studio audience , viewers will no longer have *-1 to endure the shouting of `` Mort ! Mort ! Mort ! '']
- `` [ARG1 The junk bond market is being taken apart '' because of recession fears] , [rel said] 0 *T*-1 [ARG0 J. David Mills , senior vice president at Boston Company Advisers] .
- `` [ARG1 We 're saying 0 companies have *-2 to pay increasing attention to balance sheets] , '' [rel said] *T*-1 [ARG0 Mr. Kerschner] .
- `` [ARG0 We] 're [rel saying] [ARG1 0 companies have *-2 to pay increasing attention to balance sheets] , '' said *T*-1 Mr. Kerschner .
- [ARG0 He] [rel said] [ARG1 that all of these companies will be able *-1 to compete fiercely in an economic downturn] .
- McDonald 's has long-term debt equaling 91 % of shareholder equity currently , [ARGM-DIS but] [ARG0 Mr. Kerschner] [rel said] [ARG1 0 the company is carrying real estate assets at about $ 2.6 billion *U* below their real value] .
- `` [ARG1 Stocks that *T*-1 have a high default risk have started *-4 to underperform those stocks that *T*-2 have a lower default risk] , '' [rel said] *T*-3 [ARG0 Eric Sorenson , director of quantitative analysis at Salomon Brothers] .
- [ARG0 Analysts] [rel say] [ARG1 that the selling of cyclical stocks yesterday will be followed *-1 by a sell-off in shares of companies with big debt loads on their balance sheets] .
- [ARG0 The company] [rel said] [ARG1 0 it had been notified *-1 unofficially that Waertsilae Marine Industries , a Finnish shipyard building three cruise ships for the company , is having financial trouble and may already have filed for bankruptcy] .
- [ARG0 Elena Scambio , the woman assigned * to run the Jersey City school system that *T*-1 was taken over *-2 by the state ,] [rel says] [ARG1 0 her top priority will be * to `` cut through the dead hand of bureaucracy] . ''
- [ARG0 Investment bankers familiar with the company] [rel said] [ARG1 0 Goodson is seeking a new bank credit line of $ 190 million *U* and may have *-1 to sell additional newspapers] .
- [ARG0 David N. Hurwitz , president and chief operating officer of Goodson ,] [rel said] [ARGM-LOC in a telephone interview] [ARG1 that the company does n't currently have any plans * to sell additional newspapers] .
- [ARG0 Goodson] [rel said] [ARG1 0 David Carr , former president of Ingersoll Publications , and Ray Cockburn , former senior vice president , would head the new in-house management team at Goodson , which *T*-1 had revenue of $ 225 million *U* in 1988] .
- [ARG0 The company] [rel said] [ARG1 0 its revenue will exceed $ 750 million *U* this year] .
- [ARG0 Ingersoll President Robert M. Jelenic] [rel said] [ARGM-LOC in a statement] [ARG1 that the company is `` delighted by the conclusion of the Goodson relationship '' and will be able *-1 to `` concentrate all our energies '' on Ingersoll 's own papers] .
- [ARG0 Mr. Goodson] , in his own statement , was less upbeat , *-2 [rel saying] `` [ARG1 unfortunately over the past few years , it *EXP*-3 has become increasingly clear that Ralph and I have different agendas , '' and that he feels `` more comfortable with a management team whose sole interest and responsibility *T*-1 is in the Goodson papers] .
- [ARG0 Industry analysts] have [rel said] [ARG1 that the purchase price for the paper was too high , * causing a strain on Goodson 's finances] .
- [ARGM-TMP Just five months after Ogilvy Group was swallowed up in an unsolicited takeover] , [ARG0 Kenneth Roman , Ogilvy 's chairman and chief executive officer ,] [rel said] [ARG1 0 he is leaving *-1 to take a top post at American Express Co] .
- He will succeed [ARG0 Harry L. Freeman] , 57 , who *T*-1 has [rel said] [ARG1 0 he will retire in December] .
- But [ARG0 Mr. Roman] flatly denied the speculation , *-1 [rel saying] [ARG1 0 Mr. Sorrell had tried several times *-2 to persuade him *-3 to stay , *-2 offering various incentives and in one instance sending a note with a case of wine -LRB- The wine , naturally , was Seagram 's brand , an Ogilvy client -RRB-] .
- [ARG1 The implication that I was pushed *-1 aside would n't be accurate] , '' [ARG0 Mr. Roman] [rel said] *T*-2 .
- [ARG0 Mr. Roman] [rel said] [ARG1 0 American Express 's Mr. Robinson first approached him about the job in late September] .
- [ARG0 Mr. Freeman] [rel said] [ARGM-TMP in August] [ARG1 that he would retire by the end of this year *-1 to take `` executive responsibility '' for an embarrassing effort * to discredit banker Edmond Safra] .
- [ARG0 Industry executives] [rel say] [ARG1 that although the two executives used *-1 to clash more frequently , the WPP takeover brought them closer together] .
- [ARG0 He] labeled reports of friction `` ridiculous , '' and [rel said] [ARG1 that he spent part of the weekend on Mr. Phillips 's boat in Connecticut] .
- `` [ARG1 I consider this a second career] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 American Express , Kraft General Foods , and Mattel executives] [rel said] [ARG1 0 the move wo n't affect their relationships with the ad agency] .
- `` [ARG1 General Foods 's relationships with its agencies are based *-1 on the agencies ' work , and will continue *-1 to be *?*] , '' [rel said] *T*-2 [ARG0 David Hurwitt , a vice president of Kraft General Foods] .
- `` [ARG1 Ken was my key contact] , '' [rel said] *T*-2 [ARG0 J. Nicholas Hahn , president and chief executive officer of Cotton Inc. , which *T*-1 represents cotton producers] .
- [ARG1 I think 0 they need creative leadership , and I do n't think 0 they have it] , '' [rel said] *T*-1 [ARG0 Emma Hill , an analyst with Wertheim & Co] .
- `` [ARG1 Norm Berry was a creative inspiration at the company , and nobody has filled that void] , '' [rel said] *T*-1 [ARG0 Ms. Hill] .
- [ARGM-DIS But] [ARG0 other analysts] [rel said] [ARG1 that * having Mr. Phillips succeed Mr. Roman would make for a smooth transition] .
- `` [ARG1 Graham Phillips has been there a long time , knows the culture well , is aggressive , and apparently gets along well with '' Mr. Sorrell] , [rel said] 0 *T*-1 [ARG0 Andrew Wallach , an analyst with Drexel Burnham Lambert] .
- [ARG0 Computer Sciences Corp. , El Segundo , Calif. ,] [rel said] [ARG1 0 it is close to * making final an agreement * to buy Cleveland Consulting Associates from Saatchi & Saatchi]
- [ARGM-DIS But] [ARG0 David Lord , managing editor of Consultants News , an industry publication based * in Fitzwilliam , N.H. ,] [rel said] [ARG1 0 an industry standard would suggest a purchase price of between one and two times Cleveland Consulting 's approximately $ 15 million *U* annual revenue] .
- [ARG0 Coca-Cola Co.] [ARGM-TMP yesterday] [rel said] [ARG1 0 singer Elton John signed *-1 to appear in an ad for Diet Coke] .
- And [ARGM-ADV although Mr. Roman and WPP 's chief executive , Martin Sorrell , have gone out of their way *-1 to be publicly supportive of each other] , [ARG0 people close to Mr. Roman] [rel say] [ARG1 0 he was unhappy *-2 giving up control of the company] .
- [ARG0 Turner Broadcasting System Inc.] [rel said] [ARG1 0 it formed a unit 0 *T*-1 to make and distribute movies to theaters overseas and , eventually , to U.S. theaters , too] .
- [ARG0 The operator of cable-television networks] [rel said] [ARG1 0 the new Turner Pictures unit will produce movies that *T*-1 will premiere on Turner Broadcasting 's Turner Network Television channel , or TNT , and then will be released *-2 internationally in movie theaters] .
- [ARGM-LOC In an interview] , [ARG0 Mr. Hogan] [rel said] [ARG1 0 the subsidiary 's primary mission will be * to make movies for TNT and to distribute them internationally] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 Turner Broadcasting already has found some ideas that *T*-1 might work well as films for theatrical release in the U.S.] .
- `` [ARG1 When that occurs *T*-1 , and when the time is right *T*-2 , we 'll release the films in the U.S.] , '' [ARG0 he] [rel said] *T*-3 , [ARGM-ADV *-4 adding that Turner Pictures may develop such movies next year for domestic release in 1991] .
- [ARG0 Mr. Hogan] [rel said] [ARG1 0 `` The Secret Life of Ian Fleming '' and `` Treasure Island '' cost more than $ 6 million *U* each *ICH*-1 * to make *?* , which *T*-3 is only about one-third the cost of most movies made * for theatrical release] .
- [ARGM-LOC In a sign 0 the stock slump has n't quieted Europe 's takeover fever] , [ARG0 Cie . Financiere de Paribas] [rel said] [ARG1 0 it intends *-1 to bid for one of France 's other large financial and industrial holding companies , Cie. de Navigation Mixte] .
- Paribas is Allianz 's main French bank , and [ARG0 the Munich-based group] [rel said] [ARG1 0 it intends *-1 to stay neutral] .
- [ARG0 Navigation Mixte] [rel said] [ARG1 0 it would n't have any comment until its board meets Wednesday] .
- [ARG0 Paribas] [rel said] [ARG1 that once it receives the go-ahead from French stock market authorities , it will offer *-1 to boost its Navigation Mixte stake to 66.7 % from the current 18.7 %] .
- `` [ARG1 The defensive options are limited] , '' [rel says] *T*-1 [ARG0 Philippe Braye , a partner in portfolio management concern France Finance Quatre] .
- Although Paribas denies it , [ARG0 analysts] [rel say] [ARG1 0 the new bid in part simply reflects the continuing rivalry between France 's two largest investment banking groups] .
- [ARG0 Paribas] [rel said] [ARG1 0 it will bid 1,850 francs a share for Navigation Mixte shares that *T*-1 qualify for a full yearly dividend , and 1,800 francs for those created * July 1 , which *T*-2 are eligible for partial dividends] .
- [ARGM-DIS Alternatively] , [ARG0 it] [rel said] [ARG1 0 it would offer three Paribas shares , themselves eligible for dividends as of next Jan. 1 , for one Navigation Mixte share] .
- [ARG0 Paribas] [rel said] [ARG1 0 it would publish details of its bid once authorities clear it] .
- [ARG0 Some financial sources] [rel said] [ARGM-MNR privately] [ARG1 that Paribas blundered in * failing *-1 to move sooner for the insurance and industrial group , * bidding only after speculation had pushed up the price] .
- [ARG1 When notoriously independent-minded Navigation Mixte Chairman Marc Fournier rejected Paribas 's offer and began *-2 buying Paribas shares in retaliation *T*-1] , [ARG0 Mr. Francois-Poncet] [rel said] 0 *T*-3 , he felt obliged *-4 to bid for control .
- [ARG0 Analysts] [rel said] [ARG1 0 they do n't think 0 it is contemplating a takeover] , however , and its officials could n't be reached *-1 .
- Crude oil futures prices fell further as [ARG0 analysts and traders] [rel said] [ARG1 0 OPEC oil producers are n't putting the brakes on output ahead of the traditionally weak first quarter] .
- [ARG0 A company official] [rel said] [ARG1 0 the explosions began when a seal blew out *T*-1] .
- [ARG1 Dozens of workers were injured *-1] , [ARG0 authorities] [rel said] 0 *T*-2 .
- [ARG0 Some petroleum futures traders] [rel say] [ARG1 0 technical considerations now will help *-1 to put downward pressure on futures prices] .
- [ARGM-DIS For instance] , [ARG0 one trader] [rel said] [ARG1 that prices inevitably will go lower now that they 've fallen below $ 20 *U* a barrel] .
- `` [ARG1 Our technician is a little bearish now that we 've taken out $ 20 *U*] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 The sell-off would probably have been worse if the dollar had been strong] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the traders are demanding a higher level of proof before they will buy palladium again] .
- [ARG1 But] with no reports of either country actually entering the market , [ARG0 analysts] [rel said] 0 *T*-1 , futures prices became vulnerable .
- [ARG1 But] because first-quarter demand is normally the weakest of the year , [ARG0 several market participants] [rel say] 0 *T*-1 , OPEC production will have *-2 to decline * to keep prices from *-3 eroding further .
- [ARG1 Developing countries such as India] , [ARG0 some analysts] [rel said] *T*-1 , seem *-2 to have made it *EXP*-3 a point * to stay away whenever sugar reached the top of its trading range , around 14.75 cents , *T*-4 and wait for prices to return to the bottom of the range , around 13.50 cents .
- [ARGM-DIS But] [ARG0 Erik Dunlaevy , a sugar analyst with Balfour Maclaine International Ltd. ,] [rel said] [ARG1 0 the explanation for the latest drop in sugar prices is much simpler] : Speculators , he said 0 *T*-1 , `` got too long too soon and ran into resistance around the old contract highs . ''
- But Erik Dunlaevy , a sugar analyst with Balfour Maclaine International Ltd. , said 0 the explanation for the latest drop in sugar prices is much simpler : [ARG1 Speculators] , [ARG0 he] [rel said] 0 *T*-1 , `` got too long too soon and ran into resistance around the old contract highs . ''
- [ARG0 A PaineWebber analyst] [rel said] [ARG1 that in light of a new estimate of a production increase of four million metric tons and only a modest increase in consumption , sugar is n't likely *-1 to rise above the top of its trading range without a crop problem in a major producing country] .
- [ARG0 Sandra Kaul , research analyst at Shearson Lehman Hutton ,] [rel said] [ARG1 0 the market pushed higher mainly in anticipation of a late harvest in the Ivory Coast , a major cocoa producer] .
- [ARG1 Even though such facilities use a relatively small amount of crude] , [ARG0 analysts] [rel say] 0 *T*-1 , now the facility wo n't need any , at a time of already high availability .
- `` [ARG1 On the negative side , the market will be affected *-1 by constant supply in all sectors of the market] , '' [rel said] *T*-2 [ARG0 William M. Brachfeld , economist at Daiwa Securities America Inc] .
- [ARG1 We will go back and forth with a tilt toward slightly lower yields] , '' [ARG0 he] [rel said] *T*-1 .
- While [ARG0 some] [rel say] [ARG1 0 the auction should proceed smoothly] , others contend that yesterday 's sale of $ 2.58 billion *U* of asset-backed securities by Ford Motor Credit Corp. may have siphoned some potential institutional buyers from the government 's note sale .
- [ARG0 Peter Karches , managing director at underwriter Morgan Stanley & Co. ,] [rel said] [ARG1 0 the issue was oversubscribed] .
- `` [ARG1 It 's a segmented market , and if you have a good , strong credit , people have an appetite for it] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Traders] [rel said] [ARG1 0 thrifts have stepped up their mortgage securities sales as the bond market has risen in the past two weeks] .
- [ARG0 An official with lead underwriter First Boston] [rel said] [ARG1 0 orders for the San Antonio bonds were `` on the slow side] . ''
- `` [ARG1 Bond investors have been watching stocks closely] , '' [rel said] *T*-1 [ARG0 Joel Marver , chief fixed-income analyst at Technical Data Global Markets Group] .
- `` [ARG1 When you get a big sell-off in equities *T*-3 , money starts *-4 to shift into bonds , '' which *T*-2 are considered *-1 safer] , [ARG0 he] [rel said] 0 *T*-5 .
- `` [ARG1 * Pickin ' one or two] , '' [rel says] *T*-1 [ARG0 the guide] , [ARGM-ADV *-2 chuckling] .
- `` [ARGM-LOC Here in south Texas] [ARG0 we] [rel say] [ARG1 Tie-vole-ee] , '' my host gently corrects *T*-1 .
- [ARG0 AEG AG and Siemens AG] [rel said] [ARG1 0 they will launch their previously announced joint venture for power semiconductors in January] .
- [ARG0 The two West German electronics concerns] [rel said] [ARG1 0 they have set up European Power Semiconductor Co. *-1 to merge their activities in the field] .
- [ARG0 Dana Corp.] [rel said] [ARG1 0 its third-quarter net income fell 27 % to $ 29.6 million *U* , or 72 cents a share , from $ 40.7 million *U* , or $ 1 *U* a share , a year earlier] .
- [ARG0 The company , which *T*-1 supplies transmissions and other drive-train parts to auto makers ,] [rel said] [ARG1 0 about half the earnings drop came from the `` virtual collapse '' of the Venezuelan auto industry] .
- [ARG0 Dana] [ARGM-DIS also] [rel said] [ARG1 0 it was hurt *-1 by slumping U.S. truck sales and by a strike at a parts supplier] .
- [ARG0 The company , based * in Toledo , Ohio ,] had [rel said] [ARG1 0 it expected reduced third-quarter profit] .
- [ARG0 Mary Anne Sudol , an analyst at Fitch Investors in New York ,] [rel said] [ARG1 0 automotive suppliers were reporting lower profit almost `` across the board] . ''
- [ARG0 Southwood J. Morcott , Dana 's president ,] [rel said] [ARG1 0 the company 's decision * to approve its normal fourth-quarter dividend indicated its underlying strength] .
- [ARG0 Norimasa Furuta , president of Japan 's Mazda Motor Corp. ,] [rel said] [ARG1 0 the Japanese car maker is planning joint production with Ford Motor Co. in Europe ahead of the European Community 's 1992 integration] .
- [ARG0 Mr. Furuta] did [ARGM-NEG n't] disclose further details of the arrangement [ARGM-LOC at a news conference] , but [rel said] [ARG1 0 the project would be undertaken *-1 with Ford 's European subsidiary] .
- [ARG0 Bricktop , another American black woman who *T*-1 found a measure of fame in Paris ,] [rel said] : `` [ARG1 I do n't think 0 I 've ever known anyone with a less complicated view of life , or whose life *T*-2 was more complicated than Josephine 's] . ''
- `` [ARG1 At some point , we 're going *-2 to need an infusion of funds] , '' [ARG0 a person close to the trust] [rel says] *T*-1 .
- `` [ARG1 Obviously , a diversified portfolio would have less risk] , '' [ARG0 the person close to the trust] [rel says] *T*-1 .
- [ARGM-ADV Though the ink *ICH*-2 is barely dry on its new , post-bankruptcy law structure] , [ARG0 Bill Bullock , Manville 's head of investor relations ,] [rel says] [ARG1 0 the company is continually pondering `` whether there is a better way 0 * to be structured *-1 *T*-3] .
- [ARG1 We understand that the trust is ultimately going *-1 to need *-2 to sell some of our shares] , '' [ARG0 he] [rel says] *T*-3 .
- [ARG1 Thus] , [ARG0 analysts] [rel say] 0 *T*-2 , the trust is unlikely *-3 to do anything that *T*-1 would hurt Manville 's other shareholders .
- `` [ARG1 This is a rare case of a company with a big majority holder which *T*-1 will probably act in the interests of the minority holders] , '' [ARG0 one investor] [rel says] *T*-2 .
- [ARG0 Mr. Bullock] [rel says] [ARG1 0 45 % of revenues are tied *-1 to construction] .
- `` [ARG1 It 's one of the best in the business] , '' [rel says] *T*-1 [ARG0 Salomon Brothers analyst Stephen Dobi] .
- [ARGM-DIS And] [ARG0 he] [rel says] [ARG1 0 Manville has the financial flexibility 0 * to buy other companies at the best possible moment when other construction-related firms are hurting and selling cheap *T*-2 *T*-1] .
- [ARG0 Paul Kleinaitis , an analyst at Duff & Phelps ,] [rel says] , `` [ARG1 Even though they have borrowing power , they have been disciplined *-1 about acquisitions] . ''
- [ARGM-DIS And] [ARG0 Mr. Kleinaitis] [rel says] [ARG1 that with 80 % of its stock in friendly hands , Manville is the rare publicly traded company that *T*-1 can ignore short-term stock fluctuations and plan for the long haul] .
- [ARG0 Some investors] [rel say] [ARG1 0 there is a good chance that the trust will , instead , seek *-2 to convert the company 's shares to cash , in some sort of friendly restructuring that *T*-1 would n't involve * just dumping stock on the market] .
- `` [ARG1 Their principal asset is Manville common stock] , '' [rel says] *T*-3 [ARG0 Jeffrey Halis , who *T*-1 runs Sabre Associates , an investment fund that *T*-2 owns Manville shares] .
- [ARG0 Emerson Electric Co. and Robert Bosch G.m.b.H.] [rel said] [ARG1 0 the Federal Trade Commission has requested additional information *ICH*-1 from the two companies about their announced intention * to acquire Vermont American Corp. for $ 40 *U* a share , or about $ 440 million *U*] .
- [ARG0 Spokesmen for Emerson and Vermont American , which *T*-2 has agreed *-3 to be acquired *-1 ,] [rel said] [ARG1 0 they do n't anticipate `` any problems '' with the completion of the transaction] .
- [ARG0 An FTC spokesman] [rel said] [ARG1 0 the matter is `` in a non-public posture at this time ''] and declined *-1 to comment further .
- [ARG1 The offer , set * to expire Nov. 1 , may be extended *-1 pending the timing and resolution of the FTC request] , [ARG0 the companies] [rel said] 0 *T*-2 .
- [ARGM-DIS But] [ARG0 fund officials] [rel said] [ARG1 0 the Santa Fe Pacific Realty investment provides an opportunity * to buy a stake in a large real estate portfolio heavily weighted * with California properties] .
- [ARG1 It also marks a `` major commitment to -LCB- real estate -RCB- development , which we have n't been involved *-1 with *T*-3 before] , '' [rel said] 0 *T*-2 [ARG0 Dale Hanson , the fund 's executive director] .
- [ARG1 The purpose of the note is * to provide added capital for the spun-off company in a form that *T*-1 will save it *-3 spending cash on immediate interest payments] , [ARG0 Mr. Roulac] [rel said] 0 *T*-2 .
- [ARG1 The spun-off concern `` clearly will be one of the dominant real estate development companies with a prime portfolio] , '' [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Real estate operating income for the first nine months fell to $ 71.9 million *U* from $ 143 million *U* a year earlier] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARGM-LOC In a statement] [ARGM-TMP late yesterday] , [ARG0 Santa Fe Pacific 's chairman , Robert D. Krebs ,] [rel said] [ARG1 that Santa Fe Pacific Realty would repay more than $ 500 million *U* in debt owed * to the parent before the planned spinoff] .
- It *EXP*-2 was n't clear where Santa Fe Pacific expected *-3 to obtain the payment of more than $ 500 million *U* , which *T*-1 would be well above [ARG1 the $ 400 million *U*] that [ARG0 California pension fund officials] [rel say] 0 they plan *-6 to provide *T*-5 *T*-4 .
- [ARG0 The Santa Fe Pacific spokesman] declined *-1 to comment on that aspect , *-1 [rel saying] [ARG1 0 the deal was still under negotiation] .
- [ARG1 JMB officials] are expected *-1 to be hired *-2 to represent the pension fund on the Santa Fe Pacific Realty board , [ARG0 Mr. Roulac] [rel said] 0 *T*-3 , * to insulate the fund from potential liability problems .
- [ARG0 A spokesman] [rel said] [ARG1 0 the properties survived without significant damage in last week 's Northern California earthquake] .
- [ARG1 Also] holding two seats each on the board , [ARG0 they] [rel said] 0 *T*-2 , would be *T*-1 Olympia & York Developments Ltd. , controlled * by the Reichmann family of Canada , and Itel Corp. , controlled * by Chicago businessman Sam Zell .
- [ARG0 Individuals familiar with the case] [rel said] [ARG1 that throughout September , defense attorneys were talking with the government in an effort * to prevent a trial , but by the end of the month the talks had ended] .
- [ARG0 Max Gitter , another GAF defense attorney ,] [rel said] [ARGM-TMP yesterday] , `` [ARG1 As we go in for the third time , Yogi Berra 's famous line *ICH*-1 is apt : ` It 's deja vu all over again] . ' ''
- [ARG1 The latter provision is `` legally unprecedented] , '' [rel said] 0 *T*-2 [ARG0 Alan B. Morrison , a public interest lawyer in Washington , D.C. , who *T*-1 is challenging the plan on behalf of 900 claimants] .
- [ARG0 Environmental lawyers] [rel say] [ARG1 0 virtually all of the Superfund cases to date have involved civil penalties designed * to insure cleanup of past polluting activities] .
- [ARG1 Once -LCB- asbestos -RCB- is released *-1 into the environment , it can lodge anywhere] , '' [rel says] *T*-3 [ARG0 Richard A. Dennis , the assistant U.S. attorney who *T*-2 prosecuted the case] .
- [ARG0 P.J. Mode , Wilmer Cutler 's managing partner ,] [rel says] [ARG1 0 the trial team that *T*-3 represented Mr. Bundy was asked *-1 by the firm 's pro bono committee whether the new case posed a conflict and that no objections were raised *-2] .
- `` [ARG1 We give them a lot of credit for *-2 taking this case] , '' [rel says] *T*-1 [ARG0 WLF 's Alan Slobodin] .
- The posters were sold *-1 for $ 1,300 to $ 6,000 *U* , although [ARG0 the government] [rel says] [ARG1 0 they had a value of only $ 53 to $ 200 *U* apiece] .
- [ARG0 Henry Pitman , the assistant U.S. attorney handling the case ,] [rel said] [ARG1 0 about 1,000 customers were defrauded *-1 and that Barclay 's total proceeds from the sales were $ 3.4 million *U*] .
- [ARG0 Attorneys for Messrs. Burke and Evans and Ms. Clarke] [rel said] [ARG1 that although their clients admitted to *-3 making some misrepresentations in the sales , they had believed that the works were authorized *-1 by Mr. Dali , who *T*-2 died in January] .
- [ARG1 The posters were printed *-1 on paper pre-signed * by Mr. Dali] , [ARG0 the attorneys] [rel said] 0 *T*-2 .
- [ARGM-TMP After 93 hours of deliberation] , [ARG0 the jurors in the second trial] [rel said] [ARG1 0 they were hopelessly deadlocked] , and another mistrial was declared *-1 on March 22 .
- [ARG0 Westamerica Bancorp.] [rel said] [ARG1 0 Richard W. Decker resigned as president and chief executive officer after only a year on the job because of `` differences '' with the board] .
- [ARG0 It] did n't specify the nature of the differences , *-1 [rel saying] [ARGM-ADV only] [ARG1 that they related to `` management style '' and `` strategic objectives] . ''
- [ARG0 Westamerica] [rel said] [ARG1 0 Mr. Decker 's posts were assumed *-1 by David Payne , Westamerica 's chairman , who *T*-2 at 34 years of age becomes one of the youngest chief executives of a sizable bank in the country] .
- [ARGM-LOC In a last-ditch effort * to keep its sales force and customer base] , [ARG0 Integrated Resources Inc.] [rel said] [ARG1 0 it agreed in principle *-1 to transfer ownership of its broker-dealer subsidiary to two of its top executives] .
- `` [ARG1 I think 0 it was something that we and they thought 0 *T*-2 was constructive] , '' [rel said] *T*-1 [ARG0 Stephen D. Weinroth , chairman and co-chief executive officer of Integrated] .
- [ARG0 It] [rel said] [ARG1 0 it will exercise that right only if it sells substantially all of its other core businesses] .
- [ARGM-LOC In an interview] , [ARG0 Mr. Krat] [rel said] [ARG1 that based on criteria 0 *T*-2 yet to be determined *-3 , he expects *-4 to distribute 49 % of Royal Alliance to the representatives , who *T*-1 sell Integrated 's insurance and mutual-fund products] .
- `` [ARG1 Everyone is waiting for GNP] , '' [rel says] *T*-1 [ARG0 Walter Simon , an assistant treasurer with Bank Julius Baer & Co] .
- [ARG1 A 190-point plunge in U.S. stock shares compounded the view] , [ARG0 they] [rel say] 0 *T*-1 .
- `` [ARG1 Everyone is extremely convinced 0 the economy is slowing] , '' [rel says] *T*-1 [ARG0 one senior New York dealer] .
- [ARG0 Traders] [rel say] [ARG1 that after a week of * nervously tracking every development on Wall Street , the foreign-exchange market has settled back *-1 to catch its breath ahead of new U.S. economic data] .
- [ARG0 Liz Claiborne Inc. , New York ,] [rel said] [ARG1 0 its third-quarter net income jumped 62 %] , [ARGM-ADV *-1 citing continued strength in apparel sales and the start of shipments of its new product lines : a men 's fragrance , large-size women 's apparel and casual knitwear] .
- [ARG0 The big apparel maker and retailer] [rel said] [ARG1 that its net income in the latest quarter increased to $ 51.1 million *U* , or 58 cents a share , from $ 31.7 million *U* , or 36 cents a share , a year earlier] .
- [ARG1 Relatively stable foreign currency dealings Monday were viewed *-1 favorably by market players] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARG1 But institutional investors may wait a little longer *-1 to appraise the direction of the U.S. monetary policy and the dollar] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARG0 Hiroyuki Wada , general manager of the stock department at Okasan Securities ,] [rel said] [ARG1 0 Monday 's trading was `` unfocused] . ''
- [ARG0 He] [rel said] [ARG1 0 investors were picking individual stocks based on specific incentives and the likelihood of a wider price increase over the short term] .
- [ARG1 The selective approach blurred themes such as domestic-demand issues , large-capitalization issues or high-technology shares , which *T*-1 had been providing at least some trading direction over the past few weeks] , [ARG0 Mr. Wada] [rel said] 0 *T*-2 .
- [ARG1 Kikkoman was up 30 to 1,600 , *-1 receiving investor interest for its land property holdings near Tokyo] , [ARG0 a trader] [rel said] 0 *T*-2 .
- `` [ARG1 It 's a case of the market being too high 0 *T*-2 to buy and too afraid 0 *T*-3 to sell] , '' [ARG0 a senior dealer with Kleinwort Benson Securities] [rel said] *T*-1 .
- [ARG0 Dealers] , [ARGM-DIS however] , [rel said] [ARG1 0 forecasts are broadly divergent with estimates ranging between # 1 billion *U* and # 2 billion *U*] .
- `` [ARG1 The range of expectations] is so broad , '' [ARG0 a dealer at another major U.K. brokerage firm] [rel said] *T*-1 , `` 0 the deficit may have *-2 to be nearer or above # 2 billion *U* for it to have any impact on the market . ''
- Lucas Industries , a British automotive and aerospace concern , rose 13 pence to 614 pence after [ARG0 it] [rel said] [ARG1 0 its pretax profit for the year rose 28 %] .
- [ARG0 Brokers] [rel said] [ARG1 0 the declines early in the day were partly caused *-1 by losses of the ruling Christian-Democratic Union in communal elections in the state of Baden-Wuerttemberg] .
- [ARG1 The start of a weeklong conference by the IG Metall metal worker union in Berlin is drawing attention to the impending wage negotiations , which *T*-1 could boost companies ' personnel costs next year] , [ARG0 they] [rel said] 0 *T*-2 .
- [ARG0 Traders] [rel said] [ARG1 0 the thin trading volume points to continued uncertainty by most investors following last Monday 's record 13 % loss] .
- But [ARG0 Norbert Braeuer , chief trader at Hessische Landesbank Girozentrale -LRB- Helaba -RRB- ,] [rel said] [ARG1 0 he expects share prices to move upward in the coming weeks] .
- But overall buying interest remained strong through Monday , with [ARG0 many observers] [rel saying] [ARG1 0 they expect the Nikkei to continue with moderate gains this week] .
- [ARG0 Enviropact Inc.] [rel said] [ARG1 0 it entered into an agreement *ICH*-1 in principle * to sell its pump and tank division and drilling division to GSX Chemical Services for $ 4 million *U*] .
- [ARG0 The Miami-based environmental engineering concern] [rel said] [ARG1 0 GSX Chemical also will assume about $ 1.6 million *U* in debt related * to those divisions] .
- [ARG1 Further , GSX will buy $ 1 million *U* of Enviropact common stock , at $ 2.625 *U* a share , plus an option * to acquire an additional $ 1.5 million *U* of common at the same price] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Enviropact] [rel said] [ARG1 0 the two divisions account for about $ 8 million *U* of the company 's $ 20 million *U* in annual revenue] .
- [ARG0 Enviropact] [rel said] [ARG1 0 the proceeds will be used *-1 as working capital for expansion and * to pay its existing tax liability of about $ 1.5 million *U* that *T*-2 was due Sept. 15] .
- [ARG1 * Excluding the increase in loan-loss reserves] , [ARG0 Bankers Trust] [rel said] 0 third-quarter net income would have increased 11 % to $ 180 million *U* .
- Mr. Brooks declined *-1 to give his age , but [ARG0 he] [rel said] [ARG1 0 his leaving is a normal retirement] .
- [ARG0 American Telephone & Telegraph Co.] [rel said] [ARG1 0 it will spend $ 20 million *U* *-1 to build a factory in Guadalajara , Mexico , 0 *T*-2 to make telephone answering machines] .
- [ARG0 An AT&T representative] [rel said] [ARG1 that the Guadalajara factory will make a full line of answering machines] .
- [ARG0 A spokeswoman] [rel said] [ARG1 0 shipments of truck engines , which *T*-1 provide a higher margin than most of the company 's other products , declined 16 % from a year earlier] .
- [ARG1 The state 's opposition to the use of dispersants] , [ARG0 Exxon] [rel says] 0 *T*-1 , caused the Coast Guard `` to delay *-2 granting permission . ''
- [ARG0 Alaskan and Coast Guard] officials [rel say] [ARG1 0 Exxon 's charges are n't relevant because tests conducted * during the first two days following the spill showed that the dispersant was n't working anyway] .
- [ARG1 Use of dispersants was approved *-1 when a test on the third day showed some positive results *T*-2] , [ARG0 officials] [rel said] 0 *T*-3 .
- [ARG0 Legal strategists] [rel say] [ARG1 that damage claims against the oil giant and others could well exceed $ 1 billion *U*] .
- [ARG0 Exxon] [rel said] [ARGM-LOC in its suit] [ARG1 that it will seek reimbursement from the state for that part of the cleanup costs and damage claims 0 it says 0 *T*-1 resulted from the state 's conduct] .
- Exxon said in its suit that it will seek reimbursement from the state for that part of the cleanup costs and damage claims 0 [ARG0 it] [rel says] [ARG1 0 *T*-1 resulted from the state 's conduct] .
- [ARG0 Craig Tillery , an Alaska assistant attorney general ,] [rel said] [ARGM-LOC in an interview] [ARGM-TMP last night] [ARG1 that Exxon 's accusations `` are not new] .
- [ARG0 Meson Investment Ltd. , a Vancouver , B.C.-based investment firm ,] [rel said] [ARG1 0 it raised its stake in Verit Industries to 8.9 % of the common shares outstanding] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Meson] [rel said] [ARG1 0 it holds 67,400 Verit common shares , including net purchases of 8,100 shares bought * from Oct. 10 , 1988 , to Oct. 11 , 1989 , for $ 3.875 to $ 7 *U* each] .
- [ARG0 He] [rel said] [ARG1 0 the transaction was made *-1 for investment purposes] .
- `` [ARG1 Everybody appreciates that it is a national disaster and that we 've got *-2 to address it] , '' [rel said] *T*-3 [ARG0 Mr. Darman , who *T*-1 came to the Capitol *-4 to meet with Mr. Whitten and California lawmakers before the committee session] .
- `` [ARG1 I have no regrets about * going forward] , '' [rel said] *T*-2 [ARG0 Rep. Vic Fazio -LRB- D. , Calif. -RRB- , who *T*-1 sought later *-3 to play down the sometimes hostile tone of the long evening meeting] .
- `` [ARG1 We are the Golden State] , '' [ARG0 Mr. Fazio] [rel said] *T*-1 , `` and there is a certain amount of jealousy . ''
- [ARG0 Kurzweil Music Systems Inc.] [rel said] [ARG1 0 it retained Kidder , Peabody & Co. 0 *T*-1 to study financial alternatives , including the possible sale of the financially struggling company] .
- [ARGM-DIS However] , [ARG0 Raymond C. Kurzweil , chairman and chief executive ,] [rel said] `` [ARG1 The company continues *-1 to require additional funding *-2 to realize the potential of its technology] . ''
- [ARG0 Amtech Systems Inc. , Tempe , Ariz. ,] [rel said] [ARG1 0 its preliminary year-end results of operations indicate `` substantial improvement '' over the previous fiscal year] .
- [ARG0 Amtech , which *T*-1 makes an automated process system that *T*-2 improves the yields of semiconductor manufacturers ,] [rel said] [ARG1 0 profit for the year ended * Sept. 30 rose to more than $ 800,000 *U* from $ 446,000 *U* last year] .
- [ARG0 Amtech , which *T*-1 also provides technical temporary employment services to aerospace , defense , computer and high-tech companies in the Southwest and Baltimore-Washington areas ,] [rel said] [ARG1 0 its final audited results are due in late November] .
- [ARG0 LDI Corp. , Cleveland ,] [rel said] [ARG1 0 it will offer $ 50 million *U* in commercial paper backed * by lease-rental receivables] .
- [ARGM-LOC In a foreign-policy address before the Soviet legislature] , [ARG0 the foreign minister] conceded that the radar station in Krasnoyarsk breached the superpower Anti-Ballistic Missile treaty and [rel said] [ARG1 0 it would be dismantled *-1] .
- [ARG1 In an East Berlin suburb , meanwhile , employees at an electronics plant formed an independent trade union called * Reform] , [ARG0 a worker spokesman] [rel said] 0 *T*-1 .
- [ARG0 The White House] [rel said] [ARG1 0 Bush is conferring with leaders of the Senate Intelligence Committee *-1 to ease differences over guidelines for CIA agents] .
- The statement came after [ARG0 officials] [rel said] [ARG1 0 Bush complained at a private meeting last week that a strict interpretation of a policy requires the U.S. to notify foreign dictators of certain coup plots] .
- [ARG0 Shevardnadze] [rel said] [ARG1 0 it took Gorbachev 's government four years * to determine that the station 's location in Siberia violated the accord , as Western arms-control officials have long contended] .
- [ARG0 Iran 's President Rafsanjani] offered *-1 to help *-2 gain freedom for Western hostages in Lebanon , but [rel said] [ARG1 0 the assistance was contingent on U.S. aid in * resolving the cases of three Iranians kidnapped * in Lebanon in 1982 or the release of frozen Iranian assets] .
- [ARG0 Washington] rejected the bid , *-1 [rel saying] [ARG1 0 the hostages were n't linked to other issues] .
- [ARG1 PLO leader Arafat asked Egypt *-2 to seek clarifications *ICH*-1 from the U.S. on Secretary of State Baker 's plan for Mideast peace talks] , [ARG0 an aide to Egyptian President Mubarak] [rel said] 0 *T*-3 .
- [ARG0 He] also denounced Moscow 's nine-year involvement in the war in Afghanistan , *-1 [rel saying] [ARG1 0 it involved `` gross violations of ... civil norms and ethics] . ''
- [ARG1 As the death toll from last week 's temblor climbed to 61 , the condition of freeway survivor Buck Helm , who *T*-1 spent four days *-2 trapped under rubble , improved] , [ARG0 hospital officials] [rel said] 0 *T*-3 .
- [ARG0 CMS Enhancements Inc.] [rel said] [ARG1 0 it estimates that sales and earnings for the fiscal first quarter ended * Sept. 30 fell somewhat from the year-earlier period] .
- [ARG0 Jim Farooquee , chief executive officer of the Tustin , Calif. , computer accessories supplier ,] [rel said] [ARG1 0 he was `` comfortable '' with analysts ' expectations that CMS would earn between six cents and eight cents a share on revenue of about $ 42 million *U*] .
- [ARG0 Property Capital Trust] [rel said] [ARG1 0 it dropped its plan * to liquidate because it was n't able *-2 to realize the value 0 it had expected *T*-1] .
- [ARG0 It] [rel said] [ARG1 0 it will buy back two million shares , or 18.4 % , of the total outstanding , and continue operations *-1 buying and managing real estate] .
- [ARG0 The company] [rel said] [ARG1 0 it did n't receive an offer 0 it wanted *-2 to accept *T*-1] .
- [ARG1 As a result of * dropping the liquidation plan , shareholders will have *-1 to treat dividends received * this year as ordinary income or capital gains rather than as tax free returns of capital] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 A.H. Belo Corp.] [rel said] [ARG1 0 its net income was $ 3.1 million *U* , or 15 cents a share , in the third quarter , more than four times its profit of $ 663,000 *U* , or three cents a share , last year] .
- [ARG0 Belo] [rel said] [ARG1 0 it increased its effective tax rate to 52 % from 47 % *-1 to account for potential liabilities related * to an Internal Revenue Service investigation of its tax returns for the years 1984 through 1988] .
- [ARG0 The newspaper and television owner] [rel said] [ARG1 0 it expects the tax adjustment to reduce its net income for the full year by 14 cents , or approximately $ 2.8 million *U* based on its 20.2 million shares outstanding] .
- [ARGM-TMP For the third quarter] , [ARG0 Belo] [rel said] [ARG1 0 its revenue increased 11 % , to $ 101.5 million *U* from $ 91.2 million *U* last year] .
- [ARG0 Chairman Edward L. Hennessy Jr.] [rel said] [ARG1 that a drop in sales of auto and truck parts contributed to lower earnings in the automotive unit] .
- [ARG0 The National Highway Traffic Safety Administration] [rel said] [ARG1 0 it will start *-2 enforcing stiffer regulations *ICH*-1 Jan. 31 for so-called gray-market imports of vehicles] .
- [ARG0 Legent Corp.] [rel said] [ARG1 0 it expects *-1 to report net income between $ 6.4 million *U* and $ 6.9 million *U* , or between 32 cents and 34 cents a share , for its fourth quarter ended * Sept. 30] .
- [ARG0 Vienna , Va.-based Legent] [rel said] [ARG1 0 it expects *-1 to post revenue for the quarter of more than $ 31 million *U* , compared with pro forma revenue of $ 25.2 million *U* in 1988] .
- [ARGM-TMP For the fiscal year] , [ARG0 the company] [rel said] [ARG1 0 it anticipates *-2 reporting earnings of $ 23 million *U* , or about $ 1.15 *U* a share , including a charge of about $ 5.9 million *U* , or 22 cents a share , related * to the merger that *T*-1 created Legent out of Duquesne Systems Inc. and Morino Inc. in March 1989] .
- [ARG0 Archive Corp.] [rel said] [ARG1 0 it expects *-1 to report net income for its fiscal year ended * Sept. 29 of a record $ 15 million *U* , or $ 1.15 *U* a share , up 43 % from $ 10.5 million *U* , or 80 cents a share , for the prior year] .
- [ARG0 Detrex Corp.] [rel said] [ARG1 0 a reserve 0 it is establishing *T*-1 *-2 to cover expected pollution cleanup costs at an Ohio plant reduced its third-quarter net income by $ 1.9 million *U*] .
- [ARG0 Detrex , which *T*-1 has annual sales of about $ 100 million *U* ,] declined *-2 to [rel say] [ARG1 if it would post a loss in the third quarter] .
- [ARG0 Detrex] is setting aside $ 3.1 million *U* for the cleanup , but [rel said] [ARG1 0 the reserve reduced its quarterly income by only $ 1.9 million *U* because of tax considerations] .
- [ARGM-DIS In addition] , [ARG0 the manufacturer] [rel said] [ARG1 0 it signed a consent decree with Ohio 0 * to build a $ 1.4 million *U* pollution-control facility at the Ashtabula chemical manufacturing plant by Aug. 1 , 1990 *T*-1] .
- [ARG0 Detrex] [rel said] [ARG1 0 it is one of at least 17 companies notified * by the Environmental Protection Agency that they may be potentially responsible for * cleaning up the Fields Brook watershed near Detrex 's Ashtabula plant at a total cost 0 the EPA estimates *T*-1 at $ 48 million *U* -- a figure 0 Detrex said 0 the companies dispute *T*-2] .
- Detrex said 0 it is one of at least 17 companies notified * by the Environmental Protection Agency that they may be potentially responsible for * cleaning up the Fields Brook watershed near Detrex 's Ashtabula plant at a total cost 0 the EPA estimates *T*-1 at $ 48 million *U* -- a figure 0 [ARG0 Detrex] [rel said] [ARG1 0 the companies dispute *T*-2] .
- [ARG0 First Executive Corp.] [rel said] [ARG1 0 about 96 % of the rights * to purchase its depositary shares and warrants have been exercised *-1] .
- [ARG1 Of the 17.6 million rights units issued * , just under 17 million *T*-2 were exercised *-1 before the Oct. 10 expiration of the offering] , [ARG0 the insurance holding company] [rel said] 0 *T*-3 .
- [ARG0 First Executive] [rel said] [ARG1 0 the offering will raise about $ 299 million *U* -- minus underwriting fees and other expenses -- that the company plans *-2 to use *T*-1 *-3 to write new life insurance and annuity business] .
- [ARG0 UNITED AIR 'S PARENT] quashed any prospects for an immediate revival of the labor-management buy-out , *-1 [rel saying] [ARG1 0 UAL should remain independent for now] .
- [ARG1 The turmoil in junk bonds may last for years] , [ARG0 investors and traders] [rel say] 0 *T*-1 .
- [ARG1 In general , the thrust of the department 's directive is * to encourage prosecutors to limit pretrial asset seizures if there are less intrusive means of * protecting assets 0 the government may subsequently be able *-3 to seize *T*-2 after a conviction] , [ARG0 Mr. Runkel] [rel said] 0 *T*-1 .
- [ARG1 The most significant changes in department policy are new requirements that federal prosecutors avoid *-1 disrupting `` the normal business functions '' of companies charged * under the racketeering law] , [ARG0 a senior department official] [rel said] 0 *T*-2 .
- [ARG1 Another important revision of department policy is a new guideline warning prosecutors `` not to take steps that *T*-1 would harm innocent third parties '' in a case brought * under the racketeering law] , [ARG0 the official , David Runkel ,] [rel said] 0 *T*-2 .
- [ARG1 The department distributed the revisions and clarifications to U.S. attorneys around the country this summer as part of a routine process of * updating prosecutorial guidelines] , [ARG0 Mr. Runkel] [rel said] 0 *T*-1 .
- [ARG1 The department 's most significant clarification of existing RICO policy is a directive *ICH*-1 to prosecutors that they should seek *-2 to seize assets from defendants `` in proportion '' to the nature of the alleged offense] , [ARG0 Mr. Runkel] [rel said] 0 *T*-3 .
- `` [ARG1 When you reach a point where a policy-making body is trying *-4 to shape administrative decisions *T*-3 *T*-2 , then that 's a no-no in my book] , '' [ARG0 the Texas lawmaker] [rel says] *T*-1 .
- `` [ARG1 I think 0 he is trying *-2 to improperly influence a witness , and by God I 'm not going *-3 to tolerate it] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 I 'm certain that in the course of the hearings the names -LCB- of the senators -RCB- will be brought out] , '' [ARG0 Mr. Gonzalez] [rel says] *T*-1 .
- `` [ARG1 When I first got a glimpse at the witness list *T*-2 , I could n't believe that they were going *-3 to go ahead and do this] , '' [rel says] *T*-1 [ARG0 Michael Waldman , director of Congress Watch , a consumer group] .
- [ARG0 All the senators] [rel say] [ARG1 0 they merely were trying *-1 to ensure fairness for a constituent] .
- `` [ARG1 He 's wise , he 's good and I know 0 he 's an honest man] , '' [ARG0 the Texan] [rel says] *T*-1 .
- [ARGM-TMP At the time] , [ARG0 Mr. Gonzalez] [rel said] [ARG1 0 several senators told him that they `` could get some roadblocks out of the way if there could be some understanding on Garn 's insistence on Wall] . ''
- [ARG0 Rep. Jim Leach -LRB- R. , Iowa -RRB-] [rel says] [ARG1 0 the Lincoln S&L affair is `` the biggest bank heist in history] , '' and adds : `` The great question that *T*-2 remains *-3 to be resolved *-1 is whether we have a congressional Watergate in the making . ''
- [ARG0 A witness set * to testify on Thursday] was quoted *-1 in a news report over the weekend as *-3 [rel saying] [ARG1 0 Lincoln `` laundered '' campaign contributions illegally] .
- But [ARG0 the witness , William Crawford , California 's chief state thrift regulator ,] denies *-1 [rel saying] [ARG1 that] .
- `` [ARG1 I do n't know whether it was done *-1 properly or not , because I 'm not a lawyer] , '' [ARG0 he] [rel said] *T*-2 [ARGM-LOC in a telephone interview] yesterday .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 he is prepared *-1 to testify that executives of Lincoln and its parent corporation got unusually high salaries and frequent calls directing them *-2 to make specific contributions] .
- [ARGM-TMP At the first day of the House Banking Committee 's hearings] [ARGM-TMP last week] , [ARG0 William Seidman , chairman of the Resolution Trust Corp. , the federal agency created * * to sell sick thrifts ,] [rel said] [ARG1 0 the agency is investigating whether Lincoln made illegal political contributions] .
- [ARGM-ADV Unlike many lawmakers] , [ARG0 Chairman Gonzalez] [rel says] [ARG1 0 he considers * intervening with regulators to be improper] .
- [ARGM-MNR With obvious satisfaction] , [ARG0 she] [rel says] [ARG1 0 she told him : `` No darling , I just give it a Chanel look] . ''
- `` [ARG1 No , darling] , '' [ARG0 she] [rel said] *T*-1 [ARGM-TMP recently] [ARGM-MNR in her fluent , slightly affected English] , [ARGM-TMP during a trip East 0 * to promote Movieline 's national expansion *T*-2] .
- `` [ARG1 You people here think 0 this is Russian music] , '' [ARG0 she] [rel said] *T*-1 [ARGM-MNR with disdain] , and called over to the waitress : `` Could you turn it off ? ''
- `` [ARG1 Parties are rather a state of mind] , '' [ARG0 she] [rel said] *T*-2 , [ARGM-ADV *-3 pausing only *-4 to taste *RNR*-1 and pass judgment on *RNR*-1 the Georgian shashlik -LRB- `` a little well done , but very good '' -RRB-] .
- `` [ARG1 It 's very revealing and soul baring] , '' [rel said] *T*-1 [ARG0 Ms. Volokh] .
- `` [ARG1 Anne does n't believe in blandness] , '' [rel said] *T*-1 [ARG0 Ms. Smith] .
- [ARGM-ADV ``] [ARG1 I do n't trust people who *T*-1 do n't eat] , '' [rel said] *T*-2 [ARG0 Ms. Volokh] , though she herself stopped *-3 eating lunch a few years ago *-3 to drop 25 pounds .
- `` [ARG1 I emigrated *-1 to wear better hats , do better parties] , '' [ARG0 she] [rel said] *T*-2 [ARGM-MNR with a giggle] .
- `` [ARG1 That 's always looking back] , '' [ARG0 she] [rel said] *T*-1 .
- `` [ARG1 Things work out unexpectedly in life] , '' [rel said] *T*-1 [ARG0 Ms. Volokh] .
- `` [ARG1 You have *-2 to go out to all your constituents] , '' [rel says] *T*-3 [ARG0 James H. Giffen , who *T*-1 is spearheading the most ambitious attempt *ICH*-4 by U.S. firms * to break into the Soviet market , involving investment of more than $ 5 billion *U* in some two dozen joint ventures] .
- [ARGM-PNC As part of that attempt , by the American Trade Consortium ,] [ARG0 Mr. Giffen] [rel says] [ARG1 0 he spends a lot of time *-1 lobbying] .
- `` [ARG1 It 's an extremely complex market , and you have *-2 to be prepared *-3 to make a big commitment] , '' [ARG0 Mr. Forrester] [rel says] *T*-1 .
- The plans have come under fire from Soviet environmentalists , and [ARG0 officials] [rel say] [ARG1 0 many are likely *-1 to be scaled back *-2 or dropped *-2] .
- [ARG0 The American Trade Consortium] [rel says] [ARG1 0 it is planning *-1 to ship some $ 500 million *U* of consumer goods , financed * by bank credits , in the first few months of next year] .
- [ARG0 Shelley M. Zeiger , an entrepreneur from New Jersey who *T*-1 buys Soviet porcelain and `` matryoshka '' nesting dolls for export to the U.S. ,] [rel says] [ARG1 0 West German companies already have snapped up much of the production of these items] .
- `` [ARG1 It *EXP*-2 's hard * to invest capital here on the same basis as * investing in other countries] , '' [rel says] *T*-3 [ARG0 Dennis A. Sokol , president of Medical Service Partners Inc. , who *T*-1 is putting the medical consortium together] .
- [ARG0 Executives] [rel say] [ARG1 0 Mr. Gorbachev 's moves * to break up the government 's foreign trade monopoly have created uncertainties as well as opportunities] .
- [ARG0 Cray Research Inc.] [rel said] [ARG1 0 it sold one of its newest and largest computer systems , the Cray Y-MP\/832 , to the United Kingdom Meteorological Office] .
- `` [ARG1 The shareholders felt 0 we needed a foreign presence more than we needed links with an insurance company] , '' [ARG0 an Ambrosiano spokeswoman] [rel said] *T*-1 .
- [ARG0 Gemina] [rel said] [ARGM-LOC in a statement] [ARG1 that `` it reserves the right * to take any action *-1 to protect its rights as a member of the syndicate] . ''
- [ARG0 A company spokeswoman] [rel said] [ARG1 0 the company had n't decided what measures * to take *T*-1 , but did n't rule out legal action] .
- [ARG0 It] [rel said] [ARG1 0 Qintex Entertainment owes Qintex Australia US$ 38.1 million *U* in loans not secured * by specific assets] .
- [ARG0 Mr. Skase , a 41-year-old former newspaper reporter who *T*-1 chairs the company ,] [rel said] [ARGM-LOC in a statement] [ARG1 that Qintex will sell its 51 % stake in its upscale Mirage resorts in Australia and Hawaii as well as three Australian television stations] .
- [ARG0 Qintex Australia] [ARGM-DIS also] [rel said] [ARG1 0 it has an investment of A$ 83.3 million *U* in Qintex Entertainment shares] .
- [ARGM-LOC In the statement] , [ARG0 Mr. Skase] [rel said] [ARG1 that on the basis of current interest rates in Australia , the company 's asset sales would reduce interest expense by about A$ 120 million *U* a year in addition to *-1 eliminating certain liabilities] .
- [ARG0 Yesterday 's statement] did [ARGM-NEG n't] [rel say] [ARG1 whether the Japanese companies will acquire Qintex 's remaining stake in the resorts] .
- Mr. Skase 's statement cited four recent problems [ARG1 that] [ARG0 he] [rel said] 0 *T*-1 had cut group cash flow by more than A$ 200 million *U* .
- [ARG1 The sales are expected *-1 to raise more than 600 million Australian dollars -LRB- US$ 462.2 million *U* -RRB-] , [ARG0 Mr. Skase] [rel said] 0 *T*-2 .
- [ARGM-LOC In his statement] , [ARG0 Mr. Skase] [rel said] [ARG1 0 preliminary accounts showed that group profit before interest , tax and depreciation `` will exceed A$ 170 million *U*] . ''
- [ARG1 Shareholders ' funds] as of July 31 were estimated *-1 at more than A$ 1 billion *U* , [ARG0 Mr. Skase] [rel said] 0 *T*-2 , compared with A$ 725 million *U* a year earlier .
- [ARG1 The company will make `` adequate provisions '' * to cover costs of the dispute with MGM\/UA and any loss from the investment in Qintex Entertainment] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 Mr. Skase] [rel said] [ARG1 0 most of the money went to other parties for expenses such as rent and travel , but a smaller portion is owed *-1 to senior executives and others for management services] .
- [ARG1 Two of the directors resigned] , [ARG0 Mr. Skase] [rel said] 0 *T*-2 , so the payments have n't yet been approved *-1 .
- [ARG0 Mr. Skase] [ARGM-DIS also] [rel said] [ARG1 0 the restructuring plan calls for the merger of Qintex Australia with Qintex Ltd. , which *T*-1 owns 55 % of Qintex Australia] .
- [ARG0 He] [rel said] [ARG1 0 the move will `` significantly reduce administrative and operating costs] , '' but he did n't provide details of the merger .
- [ARG0 Company officials] [rel said] [ARGM-TMP over the weekend] [ARG1 that Qintex Australia 's bank creditors have become concerned about a barrage of bad news at the company , including a failed US$ 1.5 billion *U* plan * to buy MGM\/UA Communications Co. , a Beverly Hills , Calif. , movie and television production concern] .
- [ARG1 Military buyers have shown interest , [ARG0 National] [rel says] 0 *T*-1 , because ferroelectric chips resist atomic radiation .]
- The moves illustrate the more aggressive attitude toward patent protection that [ARG0 patent experts] [rel say] [ARG1 0 Japan is starting *-2 to take *T*-1] .
- Translation : [ARG1 Motorola] appears *-3 to have taken a Hitachi technology that *T*-2 is patented *-1 in the U.S. , [ARG0 Hitachi] [rel says] 0 *T*-4 , and `` tried *-5 to make it look like a new technology . ''
- [ARG0 Sharp] [rel says] [ARG1 0 the set of chips could improve fax machines , graphics computers or identification systems that *T*-1 recognize facial features] ... .
- [ARG0 National] [rel says] [ARG1 0 it agreed *-1 to acquire Krysalis 's assets and will start *-1 shipping commercial quantities of its first chips , including a 4-kilobit memory , next year] .
- [ARG0 Tandy Corp.] , [ARGM-ADV *-1 citing sluggish sales of consumer-electronics goods] , [rel said] [ARG1 0 net income dropped 3.3 % for the first quarter ended * Sept. 30] .
- [ARG1 Sales at Radio Shack stores open more than a year grew only 2 % in the quarter from a year earlier] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Barry Bryant , an analyst with Drexel Burnham Lambert Inc. ,] [rel said] [ARG1 0 Tandy also has suffered from lethargic sales of its computers aimed * at the home and small-office market , which *T*-1 are less-advanced and cheaper than computers aimed * at the corporate market] .
- `` [ARG1 They 've been promising 13 % to 15 % *U* growth based * on the strategic moves 0 they 've made *T*-1] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 earnings would have increased if it had n't been actively repurchasing its shares , thus increasing its interest expense and reducing its interest income] .
- [ARG0 Tandy] [rel said] [ARG1 0 consumer electronics sales at its Radio Shack stores have been slow , partly because of a lack of hot , new products] .
- `` [ARG1 Radio Shack continues *-2 to be lackluster] , '' [rel said] *T*-1 [ARG0 Dennis Telzrow , analyst with Eppler , Guerin & Turner in Dallas] .
- [ARG0 He] [rel said] [ARG1 0 Tandy `` has done a decent job '' *-2 increasing sales by *-3 manufacturing computers for others and expanding sales of its Grid Systems Corp. subsidiary , which *T*-1 sells computers to bigger businesses , but `` it 's not enough 0 *T*-4 to offset the problems at Radio Shack] . ''
- [ARGM-LOC In an interview] , [ARG0 Mr. Joseph] [rel says] [ARG1 0 his dinner discussion with the Prudential executives acknowledged problems for junk] .
- `` [ARG1 What I thought 0 I was saying *T*-2 is that the market is troubled but still viable and , appropriately enough , quite quality-conscious , which *T*-1 is not at all bad] , '' [ARG0 he] [rel says] *T*-3 .
- `` [ARG1 What] I thought 0 [ARG0 I] was [rel saying] *T*-2 is that the market is troubled but still viable and , appropriately enough , quite quality-conscious , which *T*-1 is not at all bad , '' he says *T*-3 .
- [ARGM-LOC At closely held Deltec Securities Corp.] , [ARG0 junk bond money managers Amy K. Minella and Hannah H. Strasser] [rel say] [ARG1 0 the problems of the junk market go deeper than a temporary malaise] .
- [ARG0 He] [rel said] [ARG1 0 Drexel -- the leading underwriter of high-risk junk bonds -- could no longer afford *-1 to sell any junk offerings if they might later become troubled because Drexel risked *-2 losing its highly lucrative junk franchise] .
- [ARG1 Wall Street securities firms , `` the primary source of liquidity for the high yield market , '' have been net sellers of junk bonds because of trading losses] , [ARG0 Deltec] [rel said] 0 *T*-1 [ARGM-LOC in a recent , grim report to customers] .
- [ARG1 Mutual funds have also been net sellers of junk bonds as junk 's relatively poor performance and negative press coverage have produced `` above-normal '' redemptions by shareholders] , [ARG0 Deltec] [rel said] 0 *T*-1 .
- [ARG1 And] , [ARG0 Deltec] [rel said] 0 *T*-3 , buying has been severely reduced *-1 because savings and loans have been restricted *-2 in their junk purchases by recently passed congressional legislation .
- `` [ARG1 In fact , savings and loans were sellers of high yield holdings throughout the quarter] , '' [ARG0 Deltec] [rel said] *T*-1 .
- [ARG0 Ms. Minella and Ms. Strasser] [rel say] [ARG1 0 they are managing their junk portfolios defensively , *-1 building cash and selectively upgrading the overall quality] .
- `` [ARG1 We certainly do have a lack of liquidity here , and it 's something 0 * to be concerned about *T*-3] , '' [rel says] *T*-2 [ARG0 James A. Gregoire , a managing director] .
- [ARG1 The junk market 's `` yield hogs are learning a real painful lesson , ''] [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 Although the majority of junk bonds outstanding show no signs of default , the market has downgraded many junk issues as if they were in trouble] , [rel says] 0 *T*-1 [ARG0 Stuart Reese , manager of Aetna Life & Casualty Insurance Co. 's $ 17 billion *U* investment-grade public bond portfolio] .
- [ARG1 And the risks are n't appropriate for us] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 The string of big junk bond defaults , which *T*-1 have been a major cause of the market 's problems this year , probably will persist] , [ARG0 some analysts] [rel say] 0 *T*-2 .
- `` [ARG1 If anything , we 're going *-1 to see defaults increase because credit ratings have declined] , '' [rel says] *T*-2 [ARG0 Paul Asquith , associate professor at the Massachusetts Institute of Technology 's Sloan School of Management] .
- [ARG0 Mr. Asquith , whose study on junk bond defaults *T*-2 caused a furor on Wall Street when it was disclosed *-1 last April *T*-3 ,] [rel says] [ARG1 0 this year 's junk bond defaults already show a high correlation with his own findings] .
- [ARG1 One indication of a growing number of junk defaults] , [ARG0 Mr. Asquith] [rel says] 0 *T*-3 , is that about half of the $ 3 billion *U* of corporate bonds outstanding that *T*-2 have been lowered *-1 to a default rating by S&P this year are junk bonds sold * during the market 's big issue years of 1984 through 1986 .
- `` [ARG1 Obviously , we got a lot more smoke than fire from the people who *T*-1 told us 0 the market was n't so risky] , '' [rel says] *T*-2 [ARG0 Bradford Cornell , professor of finance at University of California 's Anderson Graduate School of Management in Los Angeles] .
- Mr. Cornell says : `` The junk market is no bonanza as Drexel claimed 0 *?* , but it also is n't a disaster as [ARG0 the doomsayers] [rel say] [ARG1 0 *?*] . ''
- [ARG0 Mr. Cornell] [rel says] : `` [ARG1 The junk market is no bonanza as Drexel claimed 0 *?* , but it also is n't a disaster as the doomsayers say 0 *?*] . ''
- [ARGM-DIS And] [ARG0 investors and traders alike] [rel say] [ARG1 0 the current turmoil could take years *-1 to resolve] .
- `` [ARG1 Quality junk bonds will continue *-1 to trade well] , '' [rel says] *T*-2 [ARG0 Michael Holland , chairman of Salomon Brothers Asset Management Inc] .
- `` [ARG1 This is the worst shakeout ever in the junk market , and it could take years before it 's over] , '' [rel says] *T*-1 [ARG0 Mark Bachmann , a senior vice president at Standard & Poor 's Corp. , a credit rating company] .
- [ARGM-DIS So] [ARG0 I] [rel said] , ` [ARG1 Hello] . '
- [ARGM-DIS And] [ARG0 she] [rel said] , ` [ARG1 Hello] . '
- [ARG0 Liza] [rel said] [ARG1 hello] to [ARG2-to me] . ''
- `` [ARG1 They ca n't help *-3 talking about the big important people 0 they know *T*-1 , even if they do n't really know them] , '' [rel says] *T*-2 [ARG0 Dr. Freudenberger] .
- `` [ARG1 I do it innately and pathologically , and while it may occasionally get me into trouble , it 's also gotten me access to parties and society] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 I guess 0 I might have asked Beauregard *-1 to leave , but he drops so many good names , 0 we decided *-2 to let him stay] , '' [rel says] *T*-3 [ARG0 Steven Greenberg , publisher of Fame] .
- [ARG0 Mr. Houston-Montgomery] [rel says] [ARG1 that at the party he waved to Malcolm Forbes , publisher of Forbes magazine -LRB- `` We've been in the columns together '' -RRB- , Mary Boone , a New York art dealer -LRB- `` I think 0 she knows me , but I 'm not sure '' -RRB- and Bridget Fonda , the actress -LRB- `` She knows me , but we 're not really the best of friends '' -RRB-] .
- [ARG0 Mr. Revson , the gossip columnist ,] [rel says] [ARG1 0 there are people who *T*-1 actually plan whose names they are going *-3 to drop *T*-2 before *-4 attending a party] .
- `` [ARG1 They even drop semi-obscure names like Wolfgang Flottl , whom everybody these days apparently has heard of *T*-2 but no one really knows *T*-2] , '' [rel says] *T*-1 [ARG0 Mr. Revson] .
- `` [ARG1 It *EXP*-2 helps * to point out how many important people *T*-1 came through Cleveland on their way to the top] , '' [rel says] *T*-3 [ARG0 George Miller , executive director of the New Cleveland Campaign , a nonprofit organization devoted to * citing the city 's strengths] .
- `` [ARG1 Power names like that do n't hurt the city 's reputation] , '' [ARG0 Mr. Miller] [rel says] *T*-1 .
- `` [ARG1 Helen Boehm has a way with names] , '' [rel says] *T*-1 [ARG0 James Revson , a gossip columnist for Newsday -LRB- and son of Joseph Revson , a founder of Revlon -RRB-] .
- `` [ARG1 Why we even just sold a three-bedroom house in Van Nuys and were able *-1 to keep the price firm in a weak real-estate market by *-2 noting that the original Lone Ranger lived there] , '' [rel says] *T*-3 [ARG0 David Rambo , a sales associate with Jon Douglas Co. , a Los Angeles real-estate agency] .
- [ARG0 Mr. Rambo] [rel says] [ARG1 that a 3.2-acre property overlooking the San Fernando Valley is priced *-1 at $ 4 million *U* because the late actor Erroll Flynn once lived there] .
- `` [ARG1 If Flynn had n't lived there , the property might have been priced *-2 $ 1 million *U* lower] , '' [rel says] *T*-3 [ARG0 Mr. Rambo] , [ARGM-ADV *-4 noting that Flynn 's house has been bulldozed *-1 , and only the swimming pool remains] .
- [ARG0 He] [rel says] [ARG1 that when Dan Dorfman , a financial columnist with USA Today , has n't returned his phone calls *T*-1 , he leaves messages *ICH*-2 with Mr. Dorfman 's office saying that he has an important story on Donald Trump , Meshulam Riklis or Marvin Davis] .
- He says that when Dan Dorfman , a financial columnist with USA Today , has n't returned his phone calls *T*-1 , he leaves [ARG0 messages *ICH*-2] with Mr. Dorfman 's office [rel saying] [ARG1 that he has an important story on Donald Trump , Meshulam Riklis or Marvin Davis] .
- `` [ARG1 But it does get him to return my calls , and it makes me feel better for the times 0 he 's given me the brushoff *T*-1] , '' [ARG0 Mr. Kessler] [rel says] *T*-2 .
- `` [ARG1 * Get caught and you 're dead in the water] , '' [rel says] *T*-1 [ARG0 Mr. Thal] .
- [ARG0 Mr. Thal] [rel says] [ARG1 that Elizabeth Taylor , a client , `` hates *-2 being called *-1 ` Liz] . ' ...
- If [ARG0 directors or producers] phone me and [rel say] [ARG1 0 they know ` Liz] , ' I know 0 they 've never met her .
- `` [ARG1 But * call her ` Patty , ' and it 's a sure giveaway 0 you 're not in her circle , because she does n't use that name] , '' [rel says] *T*-1 [ARG0 Joan Kron , editor-in-chief of Avenue magazine , a monthly publication sent * to all the right names] .
- [ARG1 That 's because they only drop `` mere names] , '' [rel says] 0 *T*-1 [ARG0 Mr. Churchill] .
- `` [ARG1 Name-dropping is pervasive and getting more so as society becomes more complex and alienating] , '' [rel says] *T*-1 [ARG0 Herbert Freudenberger , a New York psychoanalyst , with a high-powered clientele] .
- [ARG0 He] [rel says] [ARG1 0 the number of automobile choices is causing stress among consumers today , and that people will simply ignore new models that *T*-1 lack a well-defined image] .
- [ARG0 He] [rel says] [ARG1 0 it *EXP*-1 's important for a new make to be as distinctive as possible while *-2 still retaining links to the parent company 's quality image] .
- `` [ARG1 There 's more noise out there , and the consumer may have *-2 to work harder *-3 to cut through it] , '' [rel says] *T*-1 [ARG0 Vincent P. Barabba , executive director of market research and planning at General Motors Corp] .
- `` [ARG1 That seems *-2 to be what all my friends are using *T*-1 *-3 to take the grandkids to the lake] , '' [ARG0 she] [rel says] *T*-4 .
- `` [ARG1 For many baby boomers , * buying a domestic car is a totally foreign experience] , '' [rel says] *T*-1 [ARG0 Christopher Cedergren , auto-market analyst with J.D. Power & Co. of Agoura Hills , Calif] .
- [ARGM-DIS On the other hand] , [ARG0 only 42 %] [rel say] [ARG1 0 foreign cars are less comfortable than U.S. models] , down from 55 % in 1987 .
- `` [ARG1 The competition is so intense that an owner 's loyalty to a dealership or a car is virtually nonexistent] , '' [rel says] *T*-1 [ARG0 Mr. Negas , vice president of Ed Voyles Oldsmobile , one of the first dealerships 0 *T*-2 to locate on the strip] .
- [ARG0 Some 60 % of the survey respondents] [rel said] [ARG1 0 they would buy anti-lock brakes even if they carry a medium or high price tag] .
- `` [ARG1 Even if it 's only 1 %] , '' [rel says] *T*-1 [ARG0 GM 's Mr. Barabba] , `` would you throw away sales the size of Polaroid ? ''
- [ARG0 American Telephone & Telegraph Co.] [rel said] [ARG1 0 it will lay off 75 to 85 technicians here , * effective Nov. 1] .
- [ARG1 Thieves are going *-3 to find `` anybody who *T*-2 has enough bucks 0 * to plant these things in their front yard *T*-4] , '' [rel says] 0 *T*-5 [ARG0 William Morrissey , an investigator with the police department in Garden Grove , Calif. , where five such thefts have been reported *-1 in the past several weeks *T*-6] .
- [ARG1 After three Sagos were stolen *-1 from his home in Garden Grove , `` I put a big iron stake in the ground and tied the tree to the stake with a chain] , '' [ARG0 he] [rel says] *T*-2 [ARGM-MNR proudly] .
- `` [ARG1 The second time] , '' [ARG0 he] [rel says] *T*-1 , `` they left the shovel . ''
- `` [ARG1 Evidently , somebody has realized 0 it *EXP*-2 's easy money * to steal these things] , '' [rel says] *T*-1 [ARG0 Loran Whitelock , a research associate specializing in cycads at the Los Angeles State and County Arboretum] .
- `` [ARG1 It *EXP*-2 's hard * to think 0 someone is raping your garden] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 The Big Board] [rel says] [ARG1 0 program trading describes a variety of strategies involving the purchase or sale of a basket of 15 or more stocks] .
- [ARG0 Imperial] [rel said] [ARG1 0 it had n't been served *-1 with this suit either] .
- [ARG0 Imperial] [rel said] [ARGM-LOC in a statement] [ARG1 0 it expects other complaints to be filed *-3 in the wake of the original suit and a recent article in Barron 's magazine that *T*-2 focused on the company 's problems] .
- Although [ARG0 an Imperial spokesman] [rel said] [ARG1 0 the company had n't yet been served *-1 with the derivative suit] , he reiterated the company 's statement that it would vigorously defend itself against the class-action suit .
- [ARG0 Spokesmen at Drexel and First Executive] [rel said] [ARG1 0 the companies had n't yet been served *-1 with the suit] .
- [ARG0 Rhone-Poulenc S.A. , Paris ,] [rel said] [ARG1 0 it completed the purchase of the specialty chemicals operation of RTZ Corp. , a British mining and industrial group] .
- [ARG0 Rhone-Poulenc , a chemical and pharmaceutical company ,] [rel said] [ARG1 0 RTZ Chemicals has annual sales of about $ 900 million *U*] .
- [ARG0 The group] [rel said] [ARG1 0 it sold 455,410 Southmark common shares from Sept. 5 to Oct. 5 for 18.75 cents to 25 cents a share] .
- [ARG0 The filing] [rel said] [ARG1 0 the group continues *-1 to hold 3,481,887 remaining shares] .
- [ARG1 It would be like `` * watching a black and white movie on a color TV set] , '' [rel says] 0 *T*-1 [ARG0 Malcolm G. Saull , chairman of the film and video department at the Rochester Institute of Technology] .
- [ARG1 The new converters are `` a critical link between film and the television domain] , '' [rel says] 0 *T*-1 [ARG0 Joerg D. Agin , vice president and general manager of Kodak 's Motion Picture and Audiovisual Products division] .
- [ARG1 And the potential market is tremendous] , [ARG0 industry experts] [rel say] 0 *T*-1 .
- `` [ARG1 The converter is head and shoulders above anything else 0 I 've seen *T*-1] , '' [rel says] *T*-2 [ARG0 Richard J. Stumpf , vice president - engineering and development at MCA Inc. 's Universal City Studios] .
- [ARG0 Some critics] [rel say] [ARG1 0 they wo n't be quickly embraced *-1 by consumers because of the high price] .
- `` [ARG1 Kodak understands 0 HDTV is where everybody is going *T*-2] , '' [rel says] *T*-1 [ARG0 RIT 's Mr. Spaull] .
- `` [ARG1 The industry has been waiting with bated breath for the machines to come along] , '' [rel says] *T*-1 [ARG0 David Niles , president of Eleven Twenty Five Productions Inc. , a New York pioneer in high-definition programming] .
- [ARG0 Kodak] [rel says] [ARG1 0 its new CCD HDTV converter will help *-1 alleviate the problem by *-2 allowing programmers and broadcasters to convert movies and television programs shot * in 35mm motion-picture film into high-definition video] .
- [ARG0 They] [rel say] [ARG1 0 it s possible 0 some of their members may be donating privately] .
- `` [ARG1 The opposition can be the most hurt *-1 because everyone already figures 0 the LDP is that kind of beast] , '' [rel says] *T*-2 [ARG0 Shigezo Hayasaka , former aide to LDP kingmaker Kakuei Tanaka and now an independent analyst] .
- `` [ARG1 I think 0 I had *-2 to prove myself to her] , '' [rel says] *T*-1 [ARG0 Mr. McDuffie] .
- [ARGM-ADV As the violinist tells it] , [ARG0 his grandmotherly looking teacher] `` put her hands on her hips , stomped her foot and [rel said] , ` [ARG1 You 've just got *-1 to get the -LCB- expletive deleted *-2 -RCB- out of there] . ' ''
- `` We listened to the Chausson ` Poeme , ' '' he recalls *T*-1 , `` and [ARG0 she] [rel said] , ` [ARG1 You hear the first note , that B-flat] ?
- `` [ARG1 That] 's the most important experience 0 I 've had *T*-1 with any teacher , '' [ARG0 he] [rel says] *T*-2 , `` because she taught me how * to listen *T*-3 .
- `` [ARG1 I threw such a fit] , '' [rel says] *T*-2 [ARG0 Mr. McDuffie , who *T*-1 had begun violin studies at the age of six] .
- `` He did n't say much , but [ARG1 what] [ARG0 he] [rel said] *T*-1 was important because it 's not in the score .
- `` [ARG0 He] did [ARGM-NEG n't] [rel say] [ARG1 much] , but what he said *T*-1 was important because it 's not in the score .
- There 's a beautiful , Coplandesque motif -- he 'd kill me if he heard [ARG0 me] [rel say] [ARG1 that] -- throughout the first movement ...
- [ARG1 And] , `` more importantly , '' [ARG0 he] [rel says] *T*-1 , `` the debt burden measured * other ways is not really in uncharted waters . ''
- [ARG1 Moreover , the burden of consumer credit payments relative to disposable income may be `` lower in this cycle than earlier] , '' [ARG0 Mr. Durkin] [rel says] 0 *T*-1 .
- [ARG1 And] if you `` consider the changing distribution of credit , '' [ARG0 Mr. Durkin] [rel says] 0 *T*-1 , `` much of the increase in debt in recent years is due to increasing credit use by higher-income families , '' that is , `` those probably best able * to handle it . ''
- `` [ARG1 The most frequent use is home improvement , which *T*-1 presumably improves the value of the property] , '' [ARG0 Mr. Durkin] [rel says] *T*-2 .
- `` [ARG1 Consumers appear unwilling *-1 to add to their leverage *-2 to support their spending] , '' [ARG0 Bruce Steinberg , a Merrill Lynch economist ,] [rel says] *T*-3 .
- `` [ARG1 * Capitalizing on the brand is key] , '' [rel says] *T*-2 [ARG0 Mr. Brawer , whose immediate plans *T*-1 include further international expansion and * getting better control of distribution outside the U.S.] .
- `` [ARG1 The intimate apparel industry is perceived *-3 to be a growth industry and clearly -LCB- Maidenform -RCB- is a force 0 * to be reckoned *-1 with *T*-4] , '' [rel says] *T*-2 [ARG0 David S. Leibowitz , a special situations analyst at American Securities Corp. in New York] .
- [ARG1 Although working women are `` forced *-1 to wear the uniform of the day , *-2 to retain their femininity they are buying better quality , more upscale intimate apparel] , '' [ARG0 he] [rel said] *T*-3 .
- [ARGM-DIS But] [ARG0 Maidenform officials] [rel say] [ARG1 that after *-1 spending 24 years at Maidenform , Mr. Lesk , 48 , made it *EXP*-2 clear 0 he wanted the top job] .
- `` [ARG1 If you want the presidency of the company , this is n't the firm 0 * to work for *T*-4] , '' [rel says] *T*-3 [ARG0 James Mogan , 45 , who *T*-2 was named *-1 senior vice president of sales , *-1 assuming some of the responsibilities of Mr. Lesk] .
- `` [ARG1 There are very few companies that *T*-1 can boast of such a close-knit group] , '' [rel says] *T*-3 [ARG0 Robert A. Brawer , 52 years old , recently named * president , * succeeding Beatrice Coleman , his mother-in-law , who *T*-2 remains chairman] .
- `` [ARG1 My style is less informal] , '' [ARG0 Mr. Brawer] [rel says] *T*-1 .
- `` [ARG1 It *EXP*-2 is fun * competing as a private company] , '' [ARG0 Mr. Brawer] [rel says] *T*-1 .
- [ARG1 When he gets calls *T*-1 , `` I do n't even have *-2 to consult '' with Mrs. Coleman] , [ARG0 Mr. Masket] [rel says] 0 *T*-3 .
- `` [ARG1 Over the past three and a half years , apparel companies , many of whom *T*-3 have strong brand names , have been bought *-1 at about 60 % of sales] , '' [rel says] *T*-2 [ARG0 Deborah Bronston , Prudential-Bache Securities Inc. apparel analyst] .
- `` [ARG1 We are all very amiable] , '' [ARG0 Mr. Brawer] [rel says] *T*-1 .
- [ARG0 Executives] [rel say] [ARG1 0 Mrs. Coleman is very involved in the day-to-day operations , especially product development] .
- Her father , William Rosenthal , designed the then-dress making company 's first bra *ICH*-1 in the 1920s , which [ARG0 he] [rel said] [ARG1 0 *T*-2 gave women a `` maiden form '' compared * with the `` boyish form '' 0 they got *T*-3 from the `` flat bandages '' used * for support at the time] .
- [ARG0 Maidenform] [rel says] [ARG1 0 it is very profitable] but declines *-1 to provide specifics .
- [ARG1 The Maidenform name `` is part of American pop culture] , '' [rel says] 0 *T*-1 [ARG0 Joan Sinopoli , account supervisor of the campaign by Levine , Huntley , Schmidt & Beaver , a New York ad firm] .
- [ARG1 China] could exhaust its foreign-exchange reserves as early as next year , [ARG0 a Western government report] [rel says] 0 *T*-2 , unless imports are cut *-1 drastically * to help narrow the balance-of-payments deficit .
- [ARG1 But] in either case , [ARG0 the report] [rel says] 0 *T*-2 , China 's balance of payments would rapidly dry up foreign reserves , which *T*-1 are used *-3 * to finance the imbalance .
- [ARG0 Roche Holding AG , parent of the Swiss chemical and pharmaceutical group ,] [rel said] [ARG1 0 its group sales rose 22 % in the first nine months of the year to 7.32 billion francs -LRB- $ 4.51 billion *U* -RRB-] .
- [ARG0 Roche] [ARGM-DIS also] [rel said] [ARG1 0 it expects a `` considerable rise '' in 1989 group profit from the 641.5 million-franc -LRB- $ 396 million *U* -RRB- net in 1988] .
- [ARG0 New Canaan Investments Inc.] [rel said] [ARG1 0 it closed the acquisition of Carr-Lowrey Glass Co. from Newell Co. , a Freeport , Ill. , maker of do-it-yourself home products] .
- `` [ARG1 A union , sooner or later , has *-1 to have an adversary , and it has *-2 to have a victory] , '' [ARG0 Frederick W. Smith , Federal 's chairman and chief executive ,] [rel says] *T*-3 [ARGM-MNR with disdain] .
- `` [ARG1 Unions would have a profound effect on the whole culture of the company] , '' [rel says] *T*-1 [ARG0 Bernard La Londe , a professor at Ohio State University at Columbus and a Federal consultant] .
- [ARG1 That 's just the beginning] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 This is America] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Had he been a little less gung-ho , `` I 'd have gotten the thing on the ground and headed for the nearest bar] , '' [ARG0 Mr. Brown] [rel says] 0 *T*-1 .
- [ARG1 Because UPS drivers are n't permitted *-1 to load their own vehicles at the depot] , [rel say] 0 *T*-2 [ARG0 these couriers] , packages often get buried *-3 in the load and are delivered *-3 late .
- [ARG1 In the fiscal first period ended Aug. 31 , profit fell 54 % to $ 30.4 million *U* , or 58 cents a share , mostly because of the Tiger merger] , [ARG0 Federal] [rel says] 0 *T*-1 .
- [ARG1 Federal 's stock price , however , has held up well , *-1 driven *-2 in part by the general run-up of airline stocks] , [ARG0 analysts] [rel say] 0 *T*-3 .
- [ARG0 Federal Express officials] acknowledge mistakes in their drive overseas but [rel say] [ARG1 0 it will pay off eventually] .
- [ARG1 He then made most of the changes] , [ARG0 pilots] [rel say] 0 *T*-1 .
- [ARGM-DIS And] [ARG0 even some pro-union pilots] [rel say] [ARG1 0 his charisma and popularity among the many former military fliers could be tough 0 * to beat *T*-1] .
- `` [ARG1 A lot of people are identifying a vote for representation as a vote against Fred Smith] , '' [rel says] *T*-1 [ARG0 J.X. Gollich , a Tiger-turned-Federal pilot and union activist] .
- [ARG0 He] [rel said] [ARG1 0 Mr. Steinberg had insisted that the merger talks move quickly] .
- [ARG1 Regulators , as well , might have quashed the deal if Tiger 's pilots had n't been protected *-1] , [ARG0 he] [rel said] 0 *T*-2 .
- Furthermore , Mr. Smith added 0 *T*-1 , `` [ARG0 our contract with our pilots] [rel says] [ARG1 that we will manage our fleet operations with their advice] .
- [ARG1 Meanwhile , the company is operating with two separate pilot groups and seniority lists , and that is costing Federal `` a big number] , '' [rel says] 0 *T*-1 [ARG0 James Barksdale , executive vice president and chief operating officer] .
- `` [ARG1 They were willing *-1 to mistreat us because we had n't shown any moxie , any resistance] , '' [rel says] *T*-2 [ARG0 William Queenan , a DC-10 pilot and 14-year Federal veteran] .
- [ARG0 Some younger pilots] [rel say] [ARG1 0 they have had *-1 to endure anti-union harangues by senior pilots while *-2 flying across the country] .
- [ARG0 Barney Barnhardt , a 727 captain and leader of the pro-union forces ,] [rel said] [ARG1 0 he has received two anonymous death threats and been challenged *-1 to a fight with tire irons by a colleague] .
- `` [ARG1 The pilots are either for us or extremely against us] , '' [ARG0 he] [rel says] *T*-1 [ARGM-MNR with a sigh] .
- [ARG0 Harsco Corp.] [rel said] [ARG1 0 it obtained a $ 33.1 million *U* export order for armored recovery vehicles and related support equipment] .
- [ARG0 Harsco] declined *-2 to [rel say] [ARG1 what country *T*-1 placed the order] .
- [ARG0 The company] [rel said] [ARG1 0 it received an order for 23 of the vehicles , which *T*-1 retrieve tanks and other heavy-tracked vehicles when they break down or are damaged *-2 *T*-3 , and an option for 16 more] .
- `` [ARG1 Their opinion is devoid of the wisdom of the forefathers ' teaching regarding impeachment] , '' [ARG0 Mr. Hastings] [rel said] *T*-1 .
- [ARGM-ADV For the future] , [ARG0 he] [rel said] [ARG1 0 he would run for governor of Florida] .
- This is not the `` Mississippi Burning '' scenario that *T*-1 thrills his young colleagues : `` [ARG1 Kid , you 've been reading Classic Comics too long] , '' [ARG0 Mancuso] [rel says] *T*-2 .
- [ARG0 *-1] Asked *-2 *-3 to [rel say] [ARG1 a few words] , he pulls out his crumpled piece of paper and tries *-1 to talk , but he 's too choked up 0 *T*-4 to get the words out .
- [ARG0 The White Plains , N.Y. , oil company] [rel said] [ARGM-TMP Friday] [ARG1 that it had acquired Tana Production Corp. , a subsidiary of TRT Energy Holdings Inc. , for $ 95.1 million *U* in cash , with the rest 0 *T*-2 to be paid *-1 in shares of a new , non-voting issue of preferred stock] .
- `` [ARG1 This acquisition is another indication of Texaco 's commitment * to increase the company 's reserve base] , '' [rel said] *T*-1 [ARG0 Chief Executive Officer James W. Kinnear] .
- [ARG1 They were either too small or uneconomic 0 * to maintain *T*-1] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG1 Texaco acquired Tana before it completed those sales because Tana 's properties are high quality and near other fields 0 Texaco already owns *T*-1] , [ARG0 a company spokeswoman] [rel said] 0 *T*-2 .
- [ARG0 CRI Inc.] [rel said] [ARG1 0 it reduced the estimated cash distribution for its Capital Housing and Mortgage Partners Inc. trust to between 71 cents and 74 cents a share , from between 75 cents and 80 cents , for the year ending June 9 , 1990] .
- [ARG1 The change in expected cash distributions from the Champs real estate investment trust stems from a revised estimate of administrative costs] , [rel said] 0 *T*-1 [ARG0 Jay R. Cohen , Champs executive vice president] .
- [ARG1 Japan had an unadjusted trade surplus of $ 1.82 billion *U* for the first 10 days of October , down from $ 3.16 billion *U* a year earlier] , [ARG0 the Finance Ministry] [rel said] 0 *T*-1 .
- [ARG0 Groupe AG 's chairman] [rel said] [ARG1 0 the Belgian insurer is prepared *-1 to give up some of its independence to a white knight if * necessary * to repel a raider] .
- [ARG0 Mr. Lippens] [rel said] [ARG1 0 the volume of shares changing hands has grown significantly since mid-September] .
- [ARG1 They have all `` very clearly stated that they have not acquired *RNR*-1 and are not acquiring *RNR*-1 shares of AG] , '' [ARG0 he] [rel said] 0 *T*-3 .
- [ARG1 A `` syndicate '' of shareholders holds just under 50 % of AG] , [ARG0 Mr. Lippens] [rel said] 0 *T*-1 , and members have agreed *-2 to give one another the right of first refusal should they sell any AG shares .
- [ARG0 The company] [rel says] [ARG1 0 those holdings constitute the third-biggest real-estate portfolio in Belgium] .
- [ARGM-DIS But] [ARG0 Mr. Lippens] [rel said] [ARG1 0 a rescue also could involve Asahi Mutual Life Insurance Co. , which *T*-1 owns 5 % of AG] .
- [ARG1 The NSC staff `` does n't have the horsepower that I believe 0 *T*-2 is required *-4 * to have an effective interagency process , ''] [rel says] *T*-3 [ARG0 Frank Gaffney , a former Pentagon aide who now *T*-1 runs the Center for Security Policy , a conservative Washington think-tank] .
- [ARG1 In the Bush White House , the size of the NSC 's staff of professional officers is down to about 50 from about 70 in 1987] , [ARG0 administration officials] [rel say] 0 *T*-1 .
- [ARG0 The Tower Commission] [ARGM-MNR specifically] [rel said] [ARG1 that the NSC staff should be `` small ''] and warned against * letting `` energetic self-starters '' like Lt. Col. Oliver North strike out on their own rather than leaving the day-to-day execution of policies to the State Department , Pentagon or Central Intelligence Agency .
- [ARG1 During the coup attempt and its aftermath , NSC staffers were `` stretched *-1 very thin] , '' [rel says] *T*-2 [ARG0 one senior administration official] .
- [ARG1 Japan 's wholesale prices in the first 10 days of October fell 0.3 % from the previous 10 days but rose 3.3 % from a year ago] , [ARG0 the Bank of Japan] [rel said] 0 *T*-1 .
- [ARG0 Unisys] has [rel said] [ARG1 that all of the company officials who *T*-1 participated in improper activities have left the company] .
- [ARG1 Mr. Tomlin , among other things , illegally provided Mr. Lavelle with inside information and documents intended * to give Sperry an unfair advantage in the competition] , [ARG0 the documents] [rel said] 0 *T*-1 .
- [ARG0 The New York Stock Exchange] [rel said] [ARG1 0 a seat was sold *-1 for $ 500,000 *U* , *-1 unchanged from the sale Thursday] .
- [ARGM-DIS But] [ARG0 he] [rel says] [ARG1 0 he would prefer *-1 to get nominations from rank-and-file folks] .
- [ARG1 `` People hate *-1 to write , ''] [ARG0 he] [rel says] *T*-2 .
- [ARG0 Industry analysts in Europe] [rel said] [ARG1 0 the most likely suitor for Saab now is Fiat] .
- [ARGM-TMP Last month] , [ARG0 Saab-Scania Chief Executive Georg Karnsund] [rel said] [ARG1 0 his company has had talks with Fiat about a broader alliance] .
- [ARG1 But the talks yielded `` nothing so advanced that we needed *-1 to make a public announcement about it] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 The failure of the Saab talks `` makes it *EXP*-2 even more crucial for -LCB- Ford -RCB- to be victorious '' in the Jaguar contest] , [rel said] *T*-1 [ARG0 Stephen Reitman , European auto industry analyst at UBS-Phillips & Drew in London] .
- [ARG0 Jaguar executives] [rel said] [ARGM-TMP last week] [ARG1 0 they expect *-1 to have a friendly alliance with GM wrapped up by the end of the month] .
- [ARG0 A GM spokesman] [rel said] [ARG1 0 the visit is n't connected to the Jaguar situation] .
- [ARGM-DIS So] [ARGM-ADV despite the GM-Jaguar romance] , [ARG0 analysts] [rel say] [ARG1 0 Ford by last Friday had boosted its Jaguar holding to about 11 % of the luxury auto maker 's shares outstanding from 10.4 % early last week] .
- [ARG0 Saab] [rel said] [ARGM-TMP last week] [ARG1 0 it `` has had *RNR*-1 and will continue *-2 to have *RNR*-1 contacts with other manufacturers] . ''
- [ARG1 Among the possible suitors is *T*-1 Italy 's Fiat S.p . A] , [ARG0 analysts] [rel said] *T*-2 [ARGM-TMP last week] .
- [ARG0 Individuals close to the Ford side of the negotiations] [rel said] [ARGM-TMP late last week] [ARG1 that the No. 2 U.S. auto maker lost interest as it became clear that the Swedish auto maker 's automotive operations had little to offer in the way of image or technology] .
- [ARG1 `` You 're in the catbird seat every day in this job , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG1 `` It 's a vicious circle , ''] [rel says] 0 *T*-1 [ARG0 Art Modell , owner of the Cleveland Browns] .
- Anti-Jones sentiment flooded the local press : [ARG1 `` A crude obnoxious hick , ''] [rel said] *T*-1 [ARG0 one writer] ; `` a real oink , '' said *T*-2 another ; `` Who in the hell does he think 0 he is *T*-3 ? '' wrote *T*-4 a third .
- Anti-Jones sentiment flooded the local press : `` A crude obnoxious hick , '' said *T*-1 one writer ; [ARG1 `` a real oink , ''] [rel said] *T*-2 [ARG0 another] ; `` Who in the hell does he think 0 he is *T*-3 ? '' wrote *T*-4 a third .
- `` [ARG0 I] [rel said] , [ARG1 ` Somebody come get me] .
- [ARG1 `` It 's just not cost efficient , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG1 When he sells it *T*-1] , [ARG0 he] [rel says] , the Cowboys will move to a more practical -- * read affordable -- grass practice field near Texas Stadium .
- [ARG1 After * posting losing seasons in each of the last three years , the Cowboys needed a change] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 It 's simple ,] '' [rel says] *T*-2 [ARG0 Lamar Hunt , who *T*-1 owns the Kansas City Chiefs and last year raised ticket prices by $ 2.40 *U* to an average $ 17 *U*] .
- Most of the owners must pay up to 10 % of gross ticket sales for [ARG1 leases] on stadiums 0 [ARG0 they] [rel say] 0 *T*-1 are either too small or too old .
- [ARG1 When the lease expires in 1999 *T*-2] , [ARG0 he] [rel says] *T*-4 , `` It 's got *-3 to be changed *-1 . ''
- [ARG0 Owners] [rel say] [ARG1 0 they expect the league to demand a 50 % increase , despite the fact that televised football games have had lackluster ratings] .
- [ARG0 An NFL spokesman] [ARGM-DIS also] [rel says] [ARG1 0 the league will probably expand its offerings to cable TV companies like ESPN] .
- [ARGM-ADV For his part] , [ARG0 Jerry Jones] [rel says] [ARG1 0 he 's in the business for the long haul] , and his work style seems *-1 to support that .
- `` [ARG1 It 's simply a way of * making the cuts less onerous for defense than they are for domestic programs] , '' [rel said] *T*-2 [ARG0 Chairman James Sasser -LRB- D. , Tenn . -RRB- of the Senate Budget Committee , who *T*-1 said 0 he would oppose the request] .
- `` It 's simply a way of * making the cuts less onerous for defense than they are for domestic programs , '' said *T*-2 [ARG0 Chairman James Sasser] -LRB- D. , Tenn . -RRB- of the Senate Budget Committee , who *T*-1 [rel said] [ARG1 0 he would oppose the request] .
- `` [ARG1 That is n't consistent with the kind of discipline that Gramm-Rudman is supposed *-2 to impose *T*-1] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG0 A Pentagon official] [rel said] [ARG1 0 the request was made *-1 * to give the department `` maximum flexibility '' 0 *T*-2 to deal with the cuts] .
- [ARG0 Rochester Telephone Corp.] [rel said] [ARG1 0 it completed its purchase of Urban Telephone Corp. , of Clintonville , Wis. , the second-largest unaffiliated independent telephone company in that state] .
- [ARG0 Rochester Telephone] [rel said] [ARG1 0 the acquisition was made *-1 in an exchange of its common shares for all the shares of Urban Telephone] , but a price was n't disclosed .
- [ARG1 The bill would `` divert scarce resources of the commission away from broker-dealers into areas which *T*-1 simply have no way of * affecting broker-dealers] , '' [ARG0 Mr. Raoul-Duval] [rel said] 0 *T*-2 .
- [ARG0 Sources in the industry and on Capitol Hill] [rel say] [ARG1 0 a compromise that *T*-1 would placate the industry while *-2 addressing the SEC 's concerns may be possible] .
- [ARG0 An aide to the Senate Securities Subcommittee] [rel says] [ARG1 0 some legislators support the concept of risk disclosure] , but adds : `` nobody is wedded *-1 to the language in the bill . ''
- [ARG0 Edward O'Brien , president of the Securities Industry Association ,] [rel said] [ARG1 that the securities-industry trade group opposes the bill as it is written *-1 but that it is `` hopeful 0 a compromise can be reached *-2 * to achieve the SEC 's goals] . ''
- [ARG1 Mr. O'Brien will elaborate on the SIA 's position in testimony before the House Telecommunications and Finance Subcommittee this week] , [ARG0 a spokesman] [rel said] 0 *T*-1 .
- [ARG0 First Boston , whose holding company , CS First Boston Group , *T*-1 is one of the larger issuers of bridge loans on Wall Street ,] [rel said] [ARG1 0 it is also concerned that once the SEC has the power *-2 to monitor holding companies , it will try *-3 to regulate their activities] .
- `` [ARG1 The proposal , while well-intended , I think 0 *T*-4 can be dangerously misleading because the likely consequence would be *-3 to weaken *RNR*-1 , rather than strengthen *RNR*-1 the control 0 the SEC has exercised *T*-2 for 50 years over the financial adequacy and viability of broker-dealers] , '' [ARG0 Michael Raoul-Duval , managing director of First Boston ,] [rel said] *T*-4 [ARGM-LOC in an interview] .
- [ARGM-LOC In a study] , [ARG0 the comptroller] [rel said] , `` [ARG1 The city 's glory days are over] . ''
- [ARG0 Mark Page , New York 's deputy director of finance ,] [rel said] [ARG1 that investors ' concerns about the city 's financial health are `` unwarranted given our proven ability * to manage ourselves] . ''
- `` [ARG1 The market can adjust to good news or bad news , but uncertainty drives people wild] , '' [rel said] *T*-2 [ARG0 Bernard B. Beal , chief executive of M.R. Beal & Co. , a securities firm that *T*-1 specializes in the municipal market] .
- `` [ARG1 I 've never seen so many -LCB- New York City -RCB- G.O. 's up for sale] , '' [rel said] *T*-1 [ARG0 another trader] .
- [ARG0 Municipal bond analysts] [rel said] [ARG1 0 the sell-off was triggered *-1 by concerns about the city 's financial health , rumors of a $ 900 million *U* bond offering coming soon , and political uncertainty] .
- [ARG0 A spokesman for the city] would n't confirm the size of the bond issue , but did [rel say] [ARG1 that a general obligation offering is in the works and should be priced sometime in the next two weeks , before the November mayoral election] .
- [ARG0 Mr. Lloyd] [rel said] [ARG1 if Qintex had defaulted it could have been required *-1 to repay $ 92 million *U* in debt under its loan agreements] .
- [ARG0 MCA] [ARGM-TMP on Friday] [rel said] [ARG1 that as a result of Qintex 's failure * to make the required payment it was terminating the distribution agreement on `` The New * Leave It to Beaver '' as well as other MCA properties] .
- [ARG0 Qintex Australia] was `` [rel saying] as recently as last weekend [ARG1 that they would take care of the situation] .
- [ARG0 Qintex Entertainment] [ARGM-DIS also] [rel said] [ARG1 0 David Evans , its president and chief executive , and Roger Kimmel , a director , both resigned] .
- [ARG1 They continued *-1 to represent that to the board , ''] [rel said] *T*-2 [ARG0 Mr. Lloyd] .
- [ARG0 Mr. Lloyd] [rel said] [ARG1 0 both Qintex Entertainment and Qintex Australia had attempted *-3 to secure a loan that *T*-2 would allow the company to make the $ 5.9 million *U* payment but the request was turned *-1 down by an unidentified lender on Oct. 14] .
- [ARG1 At that point , [ARG0 he] [rel said] 0 *T*-1 , Qintex Australia stated 0 it would `` endeavor *-2 to arrange '' the financing .]
- [ARGM-DIS However] [ARG0 a Qintex Australia spokesman] [rel said] [ARG1 0 his firm had never `` promised or guaranteed '' *-1 to make the payment] .
- [ARGM-LOC In a prepared statement from Australia] , [ARG0 the company] [ARGM-DIS also] [rel said] [ARG1 that , following the breakdown of the MGM talks , it `` had been re-evaluating its position as a significant shareholder and a substantial creditor of Qintex Entertainment '' and had `` resolved *-1 to minimize the degree of further loans to Qintex Entertainment in excess of that previously made] . ''
- [ARG0 He] [rel said] [ARG1 0 the company believed 0 Qintex Entertainment 's financial problems could have been resolved *-1 by other means] .
- `` [ARG1 It 's a shocker] , '' [rel said] 0 *T*-2 [ARG0 Joseph Di Lillo , chairman of Drake Capital Securities , a brokerage firm that *T*-1 has an investment in Qintex Entertainment] .
- [ARG0 Qintex] [rel said] [ARG1 0 Mr. Evans , the former president , resigned for `` personal reasons '' and that Mr. Kimmel , an attorney , resigned because his participation in * evaluating the company 's role in * buying MGM\/UA was no longer necessary] .
- [ARG1 It is n't a current topic of conversation at the company , ''] [rel said] *T*-1 [ARG0 Barry Diller , chairman and chief executive officer of the Fox Inc. unit of News Corp] .
- [ARG0 Qintex Entertainment , a producer and distributor of television programs most noted * for its co-production of the hit miniseries `` Lonesome Dove , ''] [rel said] [ARG1 0 it filed for Chapter 11 protection after Qintex Australia failed *-1 to provide it with $ 5.9 million *U* owed * to MCA Inc. in connection with the distribution of `` The New * Leave It to Beaver Show] . ''
- [ARG0 Qintex Entertainment] is 43 % owned by Qintex Australia and [rel said] [ARG1 0 it relies on the Australian company for * funding its working capital requirements] .
- [ARG0 Jonathan Lloyd , executive vice president and chief financial officer of Qintex Entertainment ,] [rel said] [ARG1 0 Qintex Entertainment was forced *-1 to file for protection * to avoid *-2 going into default under its agreement with MCA] .
- [ARG0 Financial printer Bowne & Co.] [rel said] [ARG1 0 it formed a business translation service , which *T*-1 will provide legal , financial and other services in most major languages , including Japanese , Chinese and Russian] .
- `` [ARG1 Each Japanese bank has its own judgment on the profits and risks in that -LCB- UAL -RCB- deal] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 We made our own decision] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Bank analysts] [rel say] [ARG1 0 ministry officials have been growing increasingly concerned *ICH*-1 during the past few months about Japanese banks getting in over their heads] .
- [ARG0 Makoto Utsumi , vice minister for international affairs ,] [rel said] [ARG1 0 the ministry did n't in any way suggest to Japanese banks that they stay out of the UAL Corp. leveraged buy-out] .
- `` [ARG1 The -LCB- ministry -RCB- thinks 0 the banks do n't know what they are doing *T*-2 , that they have very little idea how * to cope with risk *T*-3 , ''] [rel said] *T*-4 [ARG0 one foreign bank analyst who *T*-1 asked *-5 not to be identified *-6] .
- [ARG1 The ministry has never even suggested that Japanese banks be cautious about leveraged buy-outs in general] , [ARG0 Mr. Utsumi] [rel said] 0 *T*-1 .
- [ARGM-ADV Although some of the Japanese banks involved in the first proposed bid for UAL bowed out because they found the terms unattractive] , [ARG0 observers] [ARGM-LOC here] [rel say] [ARG1 0 they have a hard time *-1 believing that commercial considerations were the only reason] .
- [ARG1 Japanese banks are under `` political pressure '' as well] , [ARG0 the analyst] [rel said] 0 *T*-1 .
- [ARG1 Despite the risks , the deals can be an attractive way for Japanese banks to increase their presence in the U.S. market] , [ARG0 bank analysts] [rel say] 0 *T*-1 .
- [ARG0 Mr. Utsumi] [rel said] [ARG1 0 the most 0 the ministry had ever done *T*-1 was * ask Japanese banks about `` the status of their participation '' in one previous U.S. leveraged buy-out] .
- [ARG0 He] [rel said] [ARG1 0 the inquiry was n't made in a way that the banks could have interpreted *T*-2 as *-1 either encouraging or discouraging participation] , and he added that none of the Japanese banks changed their posture on the deal as a result of the inquiry .
- [ARG0 Mr. Utsumi] [ARGM-DIS also] [rel said] [ARG1 0 some Japanese banks were willing *-2 to participate in the UAL financing up to the very end , which *T*-1 would suggest at the very least that they were n't under orders * to back out] .
- [ARG1 The aim] , [rel says] *T*-2 [ARG0 Mr. de Galle] , is * to win market share from imported cigarettes , and * to persuade smokers who *T*-1 are switching to blonde cigarettes *-4 to keep *-3 buying French .
- `` [ARG1 We are n't Philip Morris Cos.] , '' [rel says] *T*-1 [ARG0 Bertrand de Galle , chairman of government-owned Societe Nationale d'Exploitation Industrielle des Tabacs & Allumettes S.A. , * known * as Seita] .
- [ARG0 He] [rel says] [ARG1 that because Seita 's profits are limited *-1 by government-controlled cigarette prices , he does n't have the cash 0 * to diversify as heavily *ICH*-2 into food and drink as the U.S. concern has done *T*-3] .
- [ARGM-DIS Instead] , [ARG0 he] [rel said] [ARGM-LOC in an interview] , [ARG1 0 he is looking for ways 0 * to exploit France 's network of 39,000 tobacco agents , most of them cafes *T*-1] .
- `` [ARG1 The effect of the Supreme Court Webster opinion is that it left room 0 for grass to grow in the cracks of Roe vs. Wade *T*-3 , and I think 0 this is one of the cracks] , '' [rel said] *T*-2 [ARG0 Mark Belz , a St. Louis lawyer who *T*-1 represented Ms. O'Brien and the other St. Louis protesters] .
- [ARG0 Mario Mandina , president of Kansas City Lawyers for Life ,] [rel says] [ARG1 that 0 if abortion foes succeed in *-1 using the preamble *-2 to escape prosecution for trespass , `` This will shut down abortion in Missouri] .
- A Boone County judge rejected the motion , but [ARG0 Daniel Dodson , a Jefferson City lawyer ,] [rel says] [ARG1 0 he has appealed] .
- [ARG0 The preamble] [rel says] [ARG1 that human life begins at conception and that unborn children have rights protected * by the Constitution] .
- [ARGM-TMP Last year] , [ARG0 a federal appeals court in St. Louis] [rel said] [ARG1 0 the preamble was unconstitutional] , [ARGM-ADV *-1 citing an earlier Supreme Court ruling that states ca n't justify stricter abortion curbs by * changing the definition of when life begins *T*-2] .
- [ARG0 The high court majority] [rel said] [ARG1 0 it *EXP*-1 was up to the state courts for now * to decide whether the definition has any bearing on other state laws] .
- [ARG0 The protesters] [rel said] [ARG1 0 their actions were justified by the desire * to save the lives of unborn children] .
- [ARG0 McCormick Capital Inc.] [rel said] [ARG1 0 the final proration factor was 0.628394 on its oversubscribed , $ 3-a-share *U* tender offer * to buy back as many as 1.1 million of its common shares] .
- [ARG1 Payment will begin `` as soon as Oct. 25 , ''] [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 Through a separate agreement between Peter Dauchy , president , and a group of selling shareholders , [ARG0 the company] [rel said] 0 *T*-1 , Mr. Dauchy will on Oct. 30 buy 231,405 shares from the group , * boosting his stake to about 717,000 shares , or 50.7 % of the total after the buy-back .]
- [ARG1 Canada 's consumer price index rose a seasonally adjusted 0.2 % in September from August] , [ARG0 Statistics Canada , a federal agency ,] [rel said] 0 *T*-1 .
- [ARG1 Saudi Arabia , OPEC 's kingpin , also has surfaced as a possible obstacle] , [ARG0 some OPEC sources] [rel said] 0 *T*-1 .
- [ARG1 `` Under any circumstances , Saudi Arabia should get more '' rather than less] , [ARG0 Mr. Nazer] [rel said] *T*-1 .
- [ARG1 At that rate , a majority of OPEC 's 13 members have reached their output limits] , [ARG0 they] [rel said] 0 *T*-1 .
- [ARG0 Adm. Goupil , a former Crusader squadron leader ,] [rel said] [ARG1 that the last other country 0 *T*-1 to use Crusaders , the Philippines , retired its last ones two years ago] .
- [ARG0 Adm. Goupil] rejected Dassault 's proposal * to renovate the Crusaders , *-2 [rel saying] [ARG1 0 the cost was impossible 0 * to estimate *T*-1] .
- [ARG1 *-2 Even modernized] , [ARG0 he] [rel said] *T*-3 , the Crusaders represent an obsolete and dangerous protection for the aircraft carriers 0 France has sent *T*-1 to meet such crises as the wars in Lebanon and the Persian Gulf .
- [ARGM-LOC In an interview in the navy 's official weekly magazine Cols Bleus] , [ARG0 the navy 's second-in-command , Adm. Yves Goupil ,] [rel said] [ARG1 0 the navy still intends *-1 to buy 86 Rafales as * scheduled in the late 1990s and early 21st century] .
- [ARG0 Adm. Goupil] [rel said] [ARG1 0 the navy ca n't wait until 1998 , when the naval Rafale becomes available *T*-1 , *-2 to replace its obsolete fleet of American-made Crusaders , used since the 1950s * to protect carriers from attack] .
- [ARGM-ADV Rather than *-4 renovate the Crusaders , which Dassault is proposing *-2 to do *T*-1 for around 1.8 billion French francs -LRB- $ 286.6 million *U* -RRB-] , [ARG0 Adm. Goupil] [rel said] [ARG1 0 the navy wants *-3 to buy used F-18s from the U.S. Navy] .
- [ARG0 Adm. Goupil] [rel said] [ARG1 that when the F-18s wear out *T*-1 , the navy is prepared *-2 to take Rafales * to replace them] .
- Although [ARG0 they] [ARGM-TMP never] [rel said] [ARG1 so] [ARGM-MNR publicly] , they have made no secret of their preference for the F-18 on operational grounds .
- [ARG1 Spending by average Japanese households in August fell an adjusted 1.9 % from a year earlier] , [ARG0 the Statistics Bureau of the Prime Minister 's Office] [rel said] 0 *T*-1 .
- [ARG0 David Bell , a spokesman for the airline ,] [rel says] [ARG1 0 the move is partly aimed *-1 at * retaining existing staff who *T*-2 are leaving *-3 to secure foreign passports ahead of 1997] .
- `` [ARG1 We think 0 alliances are very important] , '' [ARG0 Mr. Eddington] [rel says] *T*-1 .
- `` [ARG1 We 'll never have a big operation in the U.S. , and they 'll never have one as big as us in the Pacific] , '' [ARG0 Mr. Eddington] [rel says] *T*-1 .
- [ARG1 Further expansion into southern Europe is also possible] , [rel says] 0 *T*-1 [ARG0 Mr. Bell , the spokesman] .
- [ARG0 He] [rel says] [ARG1 0 the airline is putting its faith in the Sino-British agreement on Hong Kong 's return to China] .
- `` [ARG1 My feeling is 0 -LCB- Cathay does n't -RCB- have a hope in the long run] , '' [rel says] *T*-3 [ARG0 an analyst , who *T*-2 declines * to be identified *-1] .
- `` [ARG1 We] 're confident that it protects our route structure , '' [ARG0 he] [rel says] *T*-2 , `` and our ability * to grow and prosper .
- `` [ARG1 The sense is 0 we would never be in a position *ICH*-1 again where everything works for us the way 0 it did *T*-3 before *T*-2] , '' [rel says] *T*-4 [ARG0 Rod Eddington , Cathay 's commercial director] .
- [ARG0 Sarah Hall , an analyst at James Capel -LRB- Far East -RRB- Ltd. ,] [rel says] [ARG1 0 there is n't much 0 Cathay can do *T*-3 about rising costs for jet fuel , Hong Kong 's tight labor market , or the strengthening of the local currency , which *T*-2 is pegged *-1 to the U.S. dollar] .
- [ARG1 These factors are further complicated *-1 by the airline 's push * to transform itself from a regional carrier to an international one] , [ARG0 Ms. Hall] [rel says] 0 *T*-2 .
- [ARG0 Falcon Cable Systems Co.] [rel said] [ARG1 0 it proposed an amendment that *T*-1 would allow it to increase its debt cap to 65 % of the company 's fair market value from the 40 % currently allowed] .
- [ARG0 Falcon , a limited partnership ,] [rel said] [ARG1 0 it wanted the increase in order *-1 to continue its $ 2.15-per-unit *U* annual payment , and for expansion and acquisitions] .
- [ARG0 A spokesman for the company] [rel said] [ARG1 0 a meeting would be held *-1 for shareholders to vote on the amendment before year 's end] .
- `` [ARG1 This has been a 15-pound earthquake for me] , '' [rel said] *T*-2 [ARG0 resident Joan O'Shea , who *T*-1 works in an acupuncturist 's office] .
- [ARG1 `` It *EXP*-3 's so weird * to have * to decide what *T*-1 's really important to you , ''] [rel said] *T*-2 [ARG0 Barbara May] .
- `` [ARG1 The guys are going for their skis , their stereos , their personal computers] , '' [rel said] *T*-2 [ARG0 Frank Fitzgerald , who *T*-1 helped others empty their apartments] .
- [ARG1 Enforcement of restricted-entry rules was sporadic] , [ARG0 residents] [rel said] 0 *T*-1 .
- [ARG0 The SPCA] [rel says] [ARG1 0 it has received more than 100 requests for foster homes on behalf of dogs and cats , though some people have sought temporary homes for birds and fish] .
- `` [ARG1 She can stay there with no heat , but for a parakeet , that can be deadly] , '' [rel says] *T*-1 [ARG0 Daralee Konowitch , animalcare services manager for the SPCA] .
- [ARG0 Bradford Crowe , director of the mayor 's City Economic Development Office ,] [rel says] : `` [ARG1 There is no question that Vermont-Slauson had a halo effect on the surrounding neighborhood] .
- [ARG0 ATHLONE INDUSTRIES Inc.] [rel said] [ARG1 that on Dec. 21 it will redeem $ 10 million *U* face amount of its $ 59.3 million *U* of 15.625 % subordinated notes outstanding , due June 1 , 1991] .
- [ARG0 Dow Chemical Co.] [rel said] [ARG1 0 its Destec Energy Inc. unit has agreed *-1 to buy PSE Inc. , a Houston energy company , in a deal valued * at about $ 115 million *U*] .
- [ARG0 Dow , of Midland , Mich. ,] [rel said] [ARG1 0 its unit will begin by Thursday a tender offer of $ 12.25 *U* a share for all PSE common shares outstanding] .
- [ARG1 Among other conditions , the offer depends on the Dow unit acquiring at least 66 2\/3 % of the PSE shares outstanding] , [ARG0 the companies] [rel said] 0 *T*-1 [ARGM-LOC in a joint statement] [ARGM-TMP Friday] .
- [ARG0 The company] [rel said] [ARG1 0 the approximately $ 115 million *U* acquisition price includes its total $ 33 million *U* of long-term debt outstanding] .
- [ARG0 Dow] [rel said] [ARG1 0 it already has agreements with Albert J. Smith Jr. , chairman and chief executive officer of PSE , and certain other officers of the company under which Dow may buy about 40 % of the PSE common shares outstanding *T*-1] .
- [ARG0 The company] [rel said] [ARGM-TMP recently] [ARG1 0 it expects 0 third-quarter earnings will be in range from $ 1.3 million to $ 1.7 million *U* , or 14 cents to 18 cents a share , compared * with $ 326,000 *U* , or four cents a share , a year ago] .
- Some stock pickers already are targeting the OTC market , [ARG1 where] , [ARG0 they] [rel say] 0 *T*-2 , await *T*-1 plenty of small - and medium-sized growth stocks .
- [ARG1 `` You can find some good , quality companies over the counter , '' but investors should be selective ,] [rel says] 0 *T*-1 [ARG0 John Palicka , chief portfolio manager at Midco Investors , a Newark , N.J. , money management company with about $ 900 million *U* invested * in growth stocks of varying sizes] .
- `` [ARG1 If the market refocuses on earnings , we should get better valuations of growth stocks] , '' [rel says] *T*-1 [ARG0 L. Keith Mullins , a growth-stock analyst at Morgan Stanley] .
- [ARG1 The average issue on Standard & Poor 's 500-stock Index gained 35 % last year] , [ARG0 Ms. Farrell of PaineWebber] [rel says] 0 *T*-1 .
- `` [ARG1 People are naturally suspicious of them] , '' [rel says] *T*-1 [ARG0 Mr. Mullins of Morgan Stanley] .
- [ARG0 Mark Schoeppner , portfolio manager at Pittsburgh-based Quaker Capital Management ,] [rel says] [ARG1 that in reaction to nervousness about debt-laden buy-out transactions , analysts and investors now appear *-2 to be `` valuing stock based on future earnings as * opposed to the amount of debt 0 the company can support *T*-1] . ''
- [ARG1 The opinion is largely based on the company 's earnings momentum] , [ARG0 Mr. Hallingby] [rel says] 0 *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 results for its second quarter ended * Oct. 28 could drop as much as 20 % below the 30 cents a share reported * in the year-earlier quarter] .
- Raymond Corp. lost 1 to 10 after [ARG0 it] [rel said] [ARGM-TMP late Thursday] [ARG1 that it will take a $ 4.4 million *U* charge in its third quarter for reserves 0 *T*-1 to cover potential charges in connection with the closing and sale of a manufacturing plant] .
- [ARG0 McCaw] [rel said] [ARG1 0 it has secured commitments *ICH*-1 from three banks * to help *-2 finance its $ 125-a-share *U* bid for 22 million of Lin 's shares] .
- The equity kicker is not attached to the offering , but [ARG0 underwriters] [rel said] [ARG1 0 it will be offered *-1 after a filing for 68,548 common shares of CNW Holdings is declared * effective by the Securities & Exchange Commission] .
- `` [ARG1 At that point , -LCB- First Interstate -RCB- decided 0 it *ICH*-2 was the better part of valor not * to negotiate further] , '' [rel said] *T*-1 [ARG0 one industry official close to the talks] .
- [ARG0 He] [rel said] [ARG1 0 the provision `` was n't forced upon us , but the regulators made it *EXP*-1 very clear what they thought 0 *T*-2 was an appropriate number] . ''
- [ARGM-TMP On Friday] , [ARG0 Los Angeles-based First Interstate Bancorp] [rel said] [ARG1 0 it expects a net loss of $ 16 million *U* for the third quarter of 1989 because of hemorrhaging at its First Interstate Bank of Arizona unit] .
- [ARG0 First Interstate] [rel said] [ARG1 0 the unit , bludgeoned * by Arizona 's worsening real-estate woes , will have a $ 174 million *U* loss for the quarter] .
- `` [ARG1 It *EXP*-2 's horrible * to say , but it 's unfortunate 0 that earthquake was n't in Phoenix -- it might have knocked out some of our empty buildings] , '' [rel said] *T*-1 [ARG0 C.W. Jackson , a prominent Arizona businessman with interests in real estate , banking and many other businesses] .
- `` [ARG1 It *EXP*-2 's horrible * to [rel say] , but it 's unfortunate 0 that earthquake was n't in Phoenix -- it might have knocked out some of our empty buildings] , '' said *T*-1 [ARG0 C.W. Jackson , a prominent Arizona businessman with interests in real estate , banking and many other businesses] .
- [ARG0 Ralph Shattuck , publisher of Foreclosure Update newsletter ,] [rel said] [ARG1 0 foreclosures have climbed to about 1,482 a month just in Maricopa County , where Phoenix is located *-1 *T*-2] .
- `` [ARG1 It 's frightening] , '' [ARG0 Mr. Shattuck] [rel said] *T*-1 .
- [ARGM-DIS Moreover] , [ARG0 Mr. Shattuck and others] [rel said] [ARG1 0 residential real estate , which *T*-1 had remained fairly strong through most of the downturn , is beginning *-2 to comprise more and more of the foreclosures] .
- `` [ARG1 It 's reasonable * to say 0 there is not a solvent S&L in the state and the amount of viable bank capital is very low] , '' [rel said] *T*-1 [ARG0 Mr. Jackson] .
- `` It 's reasonable [ARG0 *] to [rel say] [ARG1 0 there is not a solvent S&L in the state and the amount of viable bank capital is very low] , '' said *T*-1 Mr. Jackson .
- [ARG0 Mr. Marrie] [rel said] [ARG1 0 the bank expects Arizona real-estate prices , which *T*-1 plummeted 40 % over the last year , to fall another 20 % before * stabilizing] .
- [ARG0 First Interstate] [rel said] [ARG1 0 its operations outside of Arizona `` achieved results as * expected for the quarter] , '' but did n't specify the results .
- [ARG0 Mr. Marrie] [rel said] [ARG1 0 the problems in Arizona have only `` increased our resolve * to continue *-1 to make our restructuring even more effective] . ''
- [ARG0 The ratings service] [rel said] [ARG1 0 the downgrades reflect the continued slide in the company 's financial condition] .
- [ARG0 A spokesman for Phoenix , Ariz.-based Valley National ,] [rel said] [ARG1 0 the concern will be able *-1 to withstand the current downturn in Arizona real estate] .
- [ARG1 Commercial paper holders have reinvested their funds] , [ARG0 he] [rel said] 0 *T*-1 , and consumer deposits have been up in the last few days .
- [ARG0 Security Pacific Corp.] [rel said] [ARG1 0 third-quarter credit losses surged a third to $ 109 million *U* , mainly because of sour Arizona real-estate loans] .
- [ARG0 Immunex Corp.] [rel said] [ARG1 0 its scientists isolated a molecule which *T*-1 may hold potential as a treatment for disruptions of the immune-system , ranging from organ-transplant rejection , to allergies and asthma] .
- [ARG1 A soluble form of the receptor might turn off a specific part of the immune response without general immune suppression] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 They 've had this field to themselves for over a year now , and they 've been greatly rewarded *-2] , '' [rel said] *T*-1 [ARG0 Bob Katsive , an analyst at Disk\/Trend Inc. , a market researcher in Los Altos , Calif] .
- `` [ARG1 They are going *-2 to catch up] , '' [rel said] *T*-1 [ARG0 David Claridge , an analyst with Hambrecht & Quist] .
- [ARG1 Both Toshiba and NEC already produce hard-disk drives , and Sony also is studying the field] , [ARG0 Mr. Claridge] [rel said] 0 *T*-1 .
- [ARG0 It] [rel said] [ARGM-TMP yesterday] [ARG1 that net income for its third quarter soared 72 % to $ 11.8 million *U* , or 28 cents a share , from $ 6.8 million *U* , or 19 cents a share , in the year-ago period] .
- `` [ARG1 Most of our competitors are announcing products based * on our -LRB- older -RRB- products] , '' [rel said] 0 *T*-2 [ARG0 Finis Conner , chief executive officer and founder of the firm that *T*-1 bears his name] .
- `` [ARG1 We 're not afraid of * obsoleting some of our old stuff *-2 to stay ahead of the competition] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-TMP For the nine months] , [ARG0 the San Jose , Calif.-based company] [rel said] [ARG1 0 net income jumped 84 % to $ 26.9 million *U* , or 69 cents a share , from $ 14.6 million *U* , or 43 cents a share] .
- [ARG1 If the matter requires further legal work or litigation] , [ARG0 Mr. Cane] [rel says] *T*-1 , his lawyers may refer the client to a law firm .
- [ARGM-DIS But] [ARG0 he] [rel says] [ARG1 0 Cane & Associates does n't receive referral fees] .
- [ARG1 So far] , [rel says] *T*-1 [ARG0 Mr. Cane] , most calls have involved landlord-tenant problems , tax problems , divorce , and probate questions .
- [ARG0 Edward J.M. Little , one of the assistant U.S. attorneys who *T*-1 prosecuted the case ,] [rel said] [ARG1 0 the Garcia trial `` is the last of the Wedtech prosecutions] . ''
- [ARG0 Mr. Little] [rel said] [ARG1 0 more than 20 people have been convicted in the Wedtech cases , including former U.S. Rep. Mario Biaggi -LRB- D. , N.Y . -RRB-] .
- [ARG0 Lawyers for the Garcias] [rel said] [ARG1 0 they plan *-1 to appeal] .
- [ARG0 Mr. Garcia , who *T*-1 represents New York 's 18th congressional district , which *T*-2 includes the Bronx ,] [rel said] [ARG1 0 he has n't decided whether he will resign] .
- `` [ARG1 In the next few weeks , I will be consulting with my political advisers and with the Democratic leaders about the best way of * preserving the interests of my constituents] , '' [rel said] 0 *T*-1 [ARG0 Mr. Garcia , 56 years old] .
- [ARGM-ADV Though the service is available only in California] , [ARG0 Telelawyer founder Michael Cane] [rel says] [ARG1 0 he plans *-1 to franchise it in other states] .
- [ARG0 Howard Rubenstein , a New York publicist who *T*-1 represents Shea & Gould ,] [rel said] , `` [ARG1 Shea & Gould understands 0 they 're leaving because they wanted a different environment -- a smaller firm 0 they would be principals of *T*-2] . ''
- [ARG0 Mr. Rubenstein] [rel said] [ARG1 0 the five , who *T*-1 were n't on Shea & Gould 's management committee , `` are leaving on good terms] . ''
- [ARG0 He] [rel said] [ARG1 0 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 *-1 running their own firm] .
- [ARG0 He] [rel says] [ARG1 0 his aim is * to reach people who *T*-1 are bedridden , have no access to transportation , ca n't find a lawyer 0 *T*-2 to take their case or simply ca n't afford lawyers ' consultation fees] .
- [ARG0 One vocal critic of the changes , Chicago lawyer Warren Lupel ,] [rel says] [ARG1 0 non-lawyers should n't be on the inquiry panels because they are unlikely *-1 to appreciate the nuances of attorney-client relationships] .
- `` [ARG1 There 's no constitutional right involved * in the rule change] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 The firm] has [rel said] [ARG1 0 it expects *-1 to pay $ 11.5 million *U* overall * to settle with states] .
- `` [ARG1 We will only deal with clients on the phone] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Industry executives] [rel said] [ARG1 0 Philip Morris had asked the other agencies * to create campaigns in a bid * to stop the brand 's slipping market share] .
- [ARG1 The brand is No. 7 overall in the cigarette business] , [ARG0 Mr. Maxwell] [rel said] 0 *T*-1 .
- [ARG0 Executives close to Philip Morris] [rel said] [ARG1 that the tobacco and food giant has asked Backer Spielvogel Bates Worldwide Inc. , a unit of Saatchi & Saatchi Co. , and possibly others *-1 to work on creative ideas for the account] .
- [ARG0 Several executives] [rel said] [ARG1 0 another potential contender is WPP Group 's Ogilvy & Mather agency , which *T*-1 works on some other Philip Morris products] .
- [ARG0 A spokeswoman for Ogilvy & Mather] [rel said] [ARG1 0 the agency does n't comment on `` idle speculation] . ''
- [ARG1 But Philip Morris has scaled back ad spending on the brand over the past year] , [ARG0 industry executives] [rel said] 0 *T*-1 , and it now bills about $ 30 million to $ 40 million *U* .
- `` [ARG1 I 'll stay with BART] , '' [rel said] *T*-1 [ARG0 one secretary] , [ARGM-ADV *-2 swallowing her fears about * using the transbay tube] .
- `` [ARG1 We 're anticipating quite a traffic crunch] , '' [rel said] *T*-1 [ARG0 one official] .
- `` [ARG1 Other cities are calling -LCB- groups booked here for tours and conferences -RCB- and -- not * to be crass -- stealing our booking list] , '' [rel said] *T*-1 [ARG0 Scott Shafer , a spokesman for Mayor Art Agnos] .
- [ARG0 Engineers] [rel say] [ARG1 0 it will take at least eight months * to repair the Embarcadero structure] .
- [ARG1 The preliminary conclusion from a survey of 200 downtown high-rises is that `` we were incredibly lucky] , '' [rel said] *T*-1 [ARG0 Lawrence Kornfield , San Francisco 's chief building inspector] .
- [ARGM-LOC In England] , [ARG0 Martin Leach , a spokesman for Lloyd 's of London] , [rel said] [ARG1 0 the insurance market has n't yet been able *-1 to estimate the total potential claims from the disaster] .
- `` [ARG1 The extent of the claims wo n't be known for some time] , '' [ARG0 Mr. Leach] [rel said] *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 the general financial performance of its U.S. brewing operations , G. Heileman Brewing Co. , was `` disappointing , and this has been reflected *-1 in the results] . ''
- [ARGM-DIS But] [ARGM-LOC in a TV interview] [ARGM-TMP Sunday] [ARG0 Mr. Bond] [rel said] , `` [ARG1 We 've taken a big loss] .
- [ARG0 It] [rel said] [ARG1 0 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] .
- [ARG1 The result `` will ultimately be a very different group in size and structure] , '' [ARG0 Bond Corp. directors] [rel said] [ARGM-LOC in a statement] 0 *T*-1 .
- [ARG0 Bond Corp.] [rel said] [ARG1 0 the acknowledged losses mean 0 net asset backing is in the red to the tune of 53 Australian cents a share , vs. positive asset backing of A$ 1.92 *U* a share a year ago] .
- [ARG1 Still] , [ARG0 the directors] [rel said] *T*-1 , `` *-2 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 . ''
- [ARGM-DIS Indeed] , [ARGM-LOC in a note to the results] , [ARG0 directors] [rel said] [ARG1 0 if the `` true worth '' of some of the group 's assets were taken *-1 into account instead of * using book values , the negative net asset backing a share would turn into `` a substantial positive '' one] .
- [ARGM-DIS However] , [ARG0 Bond Corp.] [rel said] [ARG1 0 the tax benefits remain available and might be used *-1 later] .
- The survey found that [ARGM-TMP over a three-year period] [ARG0 22 % of the firms] [rel said] [ARG1 0 employees or owners had been robbed *-1 on their way to or from work or while on the job] .
- Crime was the reason that 26 % reported difficulty * recruiting personnel and that [ARG0 19 %] [rel said] [ARG1 0 they were considering moving] .
- [ARG0 More than one-third of the responding businesses] [rel said] [ARG1 0 they suffer from drug dealing and loitering near their premises] .
- [ARG0 ENFIELD Corp.] [rel said] [ARGM-LOC in Toronto] [ARG1 that it hopes *-1 to raise 56 million Canadian dollars -LRB- US$ 47.7 million *U* -RRB- through a rights offering to shareholders] .
- [ARG0 The holding company] [rel said] [ARG1 0 the rights offering should reduce its C$ 171 million *U* debt to `` more manageable levels '' before Dec. 31 and allow it to finance future investments with equity capital] .
- `` [ARG1 You want *-1 to know how a fund did when the market got hammered *T*-3 *T*-2] , '' [rel said] *T*-4 [ARG0 Kurt Brouwer , an investment adviser with Brouwer & Janachowski in San Francisco] .
- `` [ARG1 That 's the problem with * trying *-1 to hedge too much] , '' [rel said] *T*-2 [ARG0 Mr. Brouwer] .
- [ARG1 By the time 0 the market plummeted 10 days ago *T*-1 , Monetta was 55 % in cash ,] [rel said] 0 *T*-2 [ARG0 Robert Bacarella , president and portfolio manager] .
- [ARG0 Howard Stein , chairman of Dreyfus Corp. ,] [rel said] [ARG1 0 the fund was about half invested in government bonds on Oct. 13 , and about 10 % in cash] .
- `` [ARG1 In a downward market , bonds act better] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 The small drop in equity funds in general in the latest week may not necessarily be a good sign] , [rel said] 0 *T*-1 [ARG0 A. Michael Lipper , president of Lipper Analytical] .
- [ARGM-ADV *-2 Noting that equity funds are up nearly 60 % from their post-crash low on Dec. 3 , 1987] , [ARG0 he] [rel said] [ARG1 that what *T*-1 happened last week `` may not be enough of an adjustment] .
- [ARG0 Several big mutual fund groups] [rel said] [ARGM-TMP last week] [ARG1 that cash flows into stock funds were heavier than usual after heavy outflows on the 13th] .
- [ARG0 Vanguard Group] [rel said] [ARG1 0 it had a more than $ 50 million *U* net inflow into its stock funds last week] .
- `` [ARG1 There certainly has n't been a panic reaction] , '' [rel said] *T*-1 [ARG0 Steven Norwitz , a vice president at T. Rowe Price Associates] .
- `` [ARG1 More than ever , people should realize 0 they should have a diversified portfolio] , '' [rel said] *T*-1 [ARG0 Jeremy Duffield , a senior vice president of Vanguard Group] .
- [ARG0 Guardian Royal Exchange Assurance PLC , a major British composite insurer ,] [rel said] [ARG1 0 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] .
- [ARGM-DIS But] [ARG0 the companies] [rel said] [ARG1 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] .
- [ARGM-ADV Besides the marketing agreement] , [ARG0 GRE] [rel said] [ARG1 0 Nationwide Anglia has agreed *-1 to develop life insurance products with the composite insurer] .
- `` [ARG1 * Look how much air *T*-1 is moving around] ! '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 All architects want *-2 to be aware of the ecological consequences of their work] , [rel says] 0 *T*-3 [ARG0 John Burgee , whose New York firm *T*-1 is designing the redevelopment of Times Square] , `` but we ca n't all carry it to that extreme . ''
- [ARG0 Karen Nichols , senior associate at Michael Graves 's architecture firm in Princeton , N.J. ,] [rel says] : `` [ARG1 We 're really at the mercy of what the construction industry can and will do *T*-1 readily] . ''
- [ARG1 * Living in Hong Kong] , [ARG0 he] [rel says] 0 *T*-1 , made him sensitive to the limits on food , power and water supplies .
- `` [ARG1 Athens with Spartan means] , '' [ARG0 Mr. McDonough] [rel says] *T*-1 .
- `` [ARG1 We proved 0 a healthy office does n't cost more] , '' [rel says] *T*-1 [ARG0 Frederic Krupp , executive director of the fund] .
- [ARG1 It `` really looks beautiful and is very light , ''] [rel says] *T*-2 [ARG0 Ann Hornaday , a free-lance writer who *T*-1 has visited the office for lunch meetings] .
- [ARG1 But] , [ARG0 she] [rel says] , `` I guess 0 I did n't really notice the trees .
- [ARG0 Jessica Mathews , vice president of World Resources Institute in Washington , D.C. ,] [rel says] [ARG1 that perhaps a quarter of Poland 's soil is too contaminated *-1 for safe farming because of air pollution] .
- [ARG1 In addition to expected losses tied * to the labor strike , the coal group has spent almost $ 20 million *U* since the strike began for security] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 Pittston continues *-1 to hire replacement workers] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG1 Burlington 's operating profit grew to $ 9.2 million *U* from $ 3.8 million *U* a year earlier] , [ARG0 Pittston] [rel said] 0 *T*-1 .
- [ARG1 While `` the tone '' of domestic and international air-freight markets remains sound , seasonal factors are likely *-2 to hinder Burlington Air from *-3 matching third-quarter results in the fourth quarter] , [ARG0 Pittston] [rel said] 0 *T*-1 .
- `` [ARG1 Dinkins is a decent but sloppy guy] , '' [rel says] *T*-2 [ARG0 David Garth , veteran campaign consultant here who *T*-1 has always worked for Mayor Edward Koch , defeated * by Mr. Dinkins in the Sept. 12 Democratic primary] .
- `` [ARG1 I guess 0 we 'll reluctantly go ahead and do it , vote for Dinkins] , '' [rel says] *T*-2 [ARG0 Richard Wade , a politically active professor who *T*-1 supported Richard Ravitch , an also-ran in the Democratic primary] .
- `` [ARG1 People were n't so happy in the 1930s] , '' [rel says] *T*-2 [ARG0 Thomas Lessner , another local professor and the biographer of the legendary Fiorello LaGuardia , the city 's fusion mayor who *T*-1 built a coalition 0 Mr. Giuliani hopes *-4 to emulate *T*-3] .
- -LRB- `` [ARG1 I defy you to come up with one major accomplishment of David Dinkins] , '' [rel says] *T*-1 [ARG0 Mr. Giuliani] . -RRB-
- `` [ARG1 He 's got *-1 to get Dinkins 's negatives up] , '' [rel says] *T*-2 [ARG0 Lee Miringoff , director of the Marist College Institute of Public Opinion] .
- `` [ARG1 It 's assault-weapons politics] , '' [rel says] *T*-1 [ARG0 John Siegal , Mr. Dinkins 's issues director] , [ARGM-ADV *-2 insisting 0 there is a strong racist undertone to the Giuliani effort] .
- [ARG0 He] [rel says] [ARG1 0 he sold the stock *-1 to avoid conflict-of-interest problems in his role as a voting member of the city 's Board of Estimate] .
- [ARG0 He] [rel says] [ARG1 0 his son has n't paid for the shares] .
- `` [ARG1 It looks like serious tax evasion] , '' [rel says] *T*-1 [ARG0 Mr. Ailes , the Giuliani media consultant] .
- `` [ARG1 He simply has n't explained why something worth a million dollars ended up worth $ 58,000 *U* two years later *T*-1] , '' [rel says] *T*-2 [ARG0 Mr. Powers , the Giuliani campaign manager] .
- `` [ARG1 The crime goes to character] , '' [rel says] *T*-1 [ARG0 Ron Maiorana , a consultant to the Giuliani campaign] .
- `` [ARG1 It makes people think , maybe this guy is n't so squeaky clean after all] , '' [rel says] *T*-1 [ARG0 Mr. Garth , Mayor Koch 's media consultant] .
- [ARG0 Italian news reports] [rel said] [ARG1 0 Mr. Carboni and a colleague obtained 1.2 billion lire in checks from a Vatican official , Pavel Hnilica] .
- [ARG0 This business trust company] [rel said] [ARG1 0 its board elected Kieran E. Burke , a consultant to Drexel Burnham Lambert Group Inc. , as chief executive officer , a new post , and as president] .
- [ARG0 Britain 's Serious Fraud Office] [rel said] [ARG1 0 it will investigate the circumstances surrounding alleged phantom contracts at Ferranti International Signal PLC 's International Signal & Control unit] .
- [ARG0 Ferranti] has [rel said] [ARG1 that it would be forced *-1 to write off # 185 million *U* against the phantom contracts , * reducing its net asset value by more than half] .
- [ARG0 The Serious Fraud Office , a division of London 's Metropolitan Police responsible for * investigating financial crimes ,] [rel said] [ARG1 0 its work would take in `` allegations of fraud prior to *RNR*-1 , surrounding *RNR*-1 and subsequent to *RNR*-1 the merger] . ''
- [ARG0 Ferranti] [rel said] [ARG1 that it welcomes the investigation and that it will `` cooperate fully] . ''
- [ARG0 Derek Alun-Jones , Ferranti 's chairman ,] has [rel said] [ARG1 0 he hoped *-1 to pursue legal action against those responsible] .
- [ARG0 The British defense electronics group] has [rel said] [ARG1 0 it will sell # 100 million *U* in assets and may seek a merger *-1 to strengthen itself in the wake of its troubles] .
- [ARGM-TMP On Saturday] , [ARG0 the partners] [rel said] [ARG1 0 the team would be purchased *-1 for $ 54 million *U* by a new group including Comsat Video Enterprises Inc. , a unit of Communications Satellite Corp. based * here] .
- [ARG0 Royal Business Group Inc.] [rel said] [ARG1 0 it filed suit in federal court here *-1 charging Realist Inc. and its directors with *-2 violating federal securities laws `` by *-3 engaging in a scheme * to prevent '' Royal from *-4 acquiring Realist] .
- [ARG0 A Realist official] [rel said] [ARG1 0 the company had n't yet received the full complaint and would n't have a response until it had an opportunity * to review it] .
- `` [ARG1 It 's a large-ticket discretionary purchase] , '' [rel said] *T*-2 [ARG0 Robert Curran , who *T*-1 follows the industry for Merrill Lynch & Co] .
- [ARG0 The Forest City , Iowa , maker of motor homes] [rel said] [ARG1 0 it had a loss of $ 11.3 million *U* , or 46 cents a share , in the quarter ended * Aug. 26] .
- [ARGM-DIS And] [ARG0 he] [rel said] [ARG1 0 the weakness could continue in the first half of next year] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 the industry has `` a good decade ahead , '' particularly if aging baby boomers fulfill the industry 's dreams by *-1 buying RVs] .
- [ARG0 The company] [rel said] [ARG1 0 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] .
- [ARG1 The cut in the dividend to 10 cents a share semiannually , from 20 cents , `` would indicate to me 0 they do n't see the problems being *-2 fixed real quick , ''] [rel said] 0 *T*-1 [ARG0 Frank Rolfes , an analyst at Dain Bosworth Inc. in Minneapolis] .
- [ARGM-DIS Indeed] , [ARG0 Winnebago] [rel said] [ARG1 0 it started `` several promotional programs '' *-1 to spur retail sales in the fall and winter] .
- [ARG1 * Add it all up and it means `` that the Fed has a little leeway 0 * to ease its credit policy stance without the risk of * rekindling inflation *T*-1 , ''] [rel said] 0 *T*-2 [ARG0 Norman Robertson , chief economist at Mellon Bank Corp. , Pittsburgh] .
- James Kochan , chief fixed-income strategist at Merrill Lynch , is touting shorter-term securities , which [ARG0 he] [rel says] [ARG1 0 *T*-1 should benefit more quickly than longer-term bonds as interest rates fall] .
- `` [ARG1 Given our forecast for lower rates , purchases made * now should prove quite rewarding before year end] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 He] [rel says] [ARG1 0 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] .
- `` [ARG1 If the -LCB- Tennessee Valley Authority -RCB- sale is any guide , there appears *-1 to be good demand for top-quality , long-term paper from both domestic and overseas accounts] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 And] that , [ARG0 they] [rel say] *T*-1 , will be good for bonds .
- `` [ARG1 Recent data have indicated somewhat weaker economic activity] , '' [rel said] *T*-1 [ARG0 Elliott Platt , director of economic research at Donaldson , Lufkin & Jenrette Securities] .
- [ARG0 Roger Early , a portfolio manager at Federated Investors Corp. ,] [rel said] [ARG1 that yields on the so-called bailout bonds are n't high enough * to attract his attention] .
- `` [ARG1 Why should I bother with something that *T*-1 's an unknown for a very small pickup in yield] ? '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 The supply is not a constraint to the market] , '' [rel said] *T*-1 [ARG0 Samuel Kahan , chief financial economist at Kleinwort Benson Government Securities Inc] .
- [ARGM-LOC In the corporate bond market] , [ARG0 traders] [rel said] [ARG1 0 the new-issue market for junk bonds is likely *-1 to pick up following Chicago & North Western Acquisition Corp. 's $ 475 million *U* junk bond offering Friday] .
- [ARGM-TMP Today] , [ARGM-DIS for example] , [ARG0 underwriters at Morgan Stanley & Co.] [rel said] [ARG1 0 they expect *-1 to price a $ 150 million *U* , 12-year senior subordinated debenture offering by Imo Industries Inc] .
- [ARG0 Shearson Lehman Hutton Inc.] [rel said] [ARG1 that a $ 150 million *U* senior subordinated discount debenture issue by R.P. Scherer Drugs is expected *-1 by the end of the month] .
- `` [ARG1 There are about a dozen more deals coming] , '' [rel said] *T*-1 [ARG0 Michael McNamara , director of fixed-income research at Kemper Financial Services Inc] .
- `` [ARG1 The coupon was raised *-2 *-3 to induce some of the big players on the fence to come in] , '' [rel said] *T*-1 [ARG0 a spokesman for Donaldson] .
- [ARG0 The spokesman] [rel said] [ARG1 0 the issue was sold out and met with strong interest abroad , particularly from Japanese investors] .
- [ARG1 Sotheby 's] provided the Dorrance family a guarantee of at least $ 100 million *U* , and as much as $ 120 million *U* , *-4 to obtain the collection , [ARG0 people familiar with the transaction] [rel said] 0 *T*-3 , thus * taking a greater than usual financial interest in the property 0 *T*-2 to be sold *-1 .
- [ARG0 McCaw Cellular Communications Inc.] [rel said] [ARG1 0 it obtained `` firm '' financing commitments from three major banks in regard to its offer for 50.3 % of LIN Broadcasting Corp] .
- [ARG1 Japan agreed *-1 to enforce a decision *ICH*-2 by an international wildlife conference * to ban all trade in ivory] , [ARG0 a spokesman for the Ministry of International Trade and Industry] [rel said] *T*-3 .
- [ARG1 Morgan Guaranty Trust , Toronto-Dominion Bank and Provident National Bank , an affiliate of PNC Financial Corp. , jointly committed $ 1.2 billion *U* of financing , subject to certain conditions ,] [ARG0 McCaw] [rel said] 0 *T*-1 .
- [ARGM-TMP Earlier] , [ARG0 Japan] had [rel said] [ARG1 0 it might file a reservation against the ivory ban decided * by ballot at the 103-nation United Nations Conference on International Trade in Endangered Species in Switzerland last week] .
- [ARG1 Italy should close the Leaning Tower of Pisa because it 's a danger to tourists] , [ARG0 government-appointed experts] [rel said] 0 *T*-1 .
- `` [ARG1 In some places the stonework is so damaged 0 it shows signs of *-2 breaking off] , '' [ARG0 scientists and technicians] [rel said] *T*-1 [ARGM-LOC in a report to Public Works Minister Giovanni Prandini] .
- Trade and Supply Minister Gerhard Briksa said in a letter published * in the youth daily Junge Welt that the rise in alcohol consumption in East Germany had been halted *-1 ; [ARGM-DIS but] [ARG1 * to reduce it further] , [ARG0 he] [rel said] *T*-3 , production and supply of other beverages , including fruit juices , should be stepped *-2 up .
- [ARG0 Trade and Supply Minister Gerhard Briksa] [rel said] [ARGM-LOC in a letter published * in the youth daily Junge Welt] [ARG1 that the rise in alcohol consumption in East Germany had been halted *-1] ; but * to reduce it further , he said *T*-3 , production and supply of other beverages , including fruit juices , should be stepped *-2 up .
- [ARG1 The center , close to Hong Kong 's border with China , will be ready today and will be able *-1 to house 1,000 inmates] , [ARG0 Police Deputy Director Peter Wong] [rel said] 0 *T*-2 .
- [ARGM-DIS Further] , [ARG0 McCaw] [rel said] [ARG1 0 the banks expressed confidence that the balance of the $ 4.5 billion *U* bank facility will be committed *-1 within the next several weeks by a syndicate of foreign and domestic banks] .
- [ARG0 One Conservative MP , David Wilshire ,] [rel said] : [ARG1 `` I should have a wonderful suntan by Christmas] . ''
- [ARG1 A majority of Japanese banks] are [rel said] *-1 [ARG2 to be wary of * making new loans to Mexico under the Brady plan because they 're uncertain 0 the Mexican economy will remain stable] .
- [ARG1 Instead , many small and medium-sized banks , and some larger ones , are likely *-1 to take one of the other two options open to them under the plan] , [ARG0 Japanese banking officials] [rel said] 0 *T*-2 .
- [ARG0 The officials] [rel said] [ARG1 that most Japanese banks prefer the losses 0 they 'd suffer *T*-1 in either of the latter options to the risk of new lending] .
- `` [ARG1 They ca n't take the hit '' to their earnings] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 The official Xinhua News Agency] [rel said] [ARG1 0 the municipal government was discussing a draft bill 0 *T*-1 to give the capital its first anti-prostitution statutes] .
- It quoted [ARG0 Liu Changyi , deputy director of the Beijing Public Security Bureau ,] as *-2 [rel saying] [ARG1 that there were many more people involved * in prostitution now than in 1985 , when there were about 100 cases *T*-1] .
- [ARG0 Mr. Stein] [rel said] [ARG1 0 Woodstream is `` marginally profitable '' but has n't performed as well as * expected] .
- [ARG1 Woodstream 's Victor-brand mousetraps and other pest-control products are `` doing very well , '' and its plastic storage-case products `` are poised *-1 for growth , ''] [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 But the unit 's third segment , wildlife traps , is suffering from a `` depressed market , '' and Ekco is seeking *-1 to sell that segment] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 Mr. Stein] [rel said] [ARG1 0 he expects profit to be higher in 1990 than in 1989 , * reflecting a number of measures taken * since the acquisition of Ekco Housewares in late 1987] .
- [ARG0 Mr. Stein] [rel said] [ARG1 0 tighter operating controls have enabled Ekco to reduce inventory levels 25 % to 30 % *U* ; improve on-time delivery of orders to about 95 % from around 70 % ; and to lower the number of labor hours required * *-1 to produce a unit] .
- [ARG1 By *-4 moving the design of new products in-house -- instead of * contracting out the work -- the company also has been able *-4 to come up with designs that *T*-2 can be manufactured *-1 more efficiently] , [ARG0 he] [rel said] 0 *T*-3 .
- In addition to those measures , the company spent heavily earlier this year *-2 to install displays at its customers ' retail outlets -- [ARG1 a strategy] that [ARG0 Mr. Stein] [rel said] 0 *T*-1 has helped *-3 bolster awareness of the company 's brands .
- [ARG1 The main issue in the strike at the Ohio facility was health-care benefits] , [ARG0 Mr. Stein] [rel said] 0 *T*-1 .
- [ARG1 Ekco continues *-1 to seek further acquisitions in the consumer-products industry] , [ARG0 Mr. Stein] [rel said] 0 *T*-2 .
- [ARG1 Softer-than-expected orders in early September also played a role] , [ARG0 he] [rel said] 0 *T*-1 [ARGM-LOC in an interview] .
- [ARGM-DIS But] [ARG0 Mr. Stein] [rel said] [ARG1 0 he is `` reasonably confident '' that earnings for the full year will exceed the $ 3.1 million *U* , or 17 cents a share , in 1988] .
- [ARG0 Mr. Stein] [rel said] [ARG1 0 some retailers -- perhaps anxious about * minimizing inventories -- appear *-1 to have held back on orders in September but have been ordering more heavily in October] .
- `` [ARG1 Things have grown worse since June 4] , '' [ARG0 Mr. Lai] [rel says] *T*-1 .
- `` [ARG1 The import pie will shrink] , '' [rel says] *T*-1 [ARG0 John Kamm , first vice president of the American Chamber of Commerce in Hong Kong and a China trade specialist] .
- `` [ARG1 The freeze on new lending is dealing the single biggest blow to trading] , '' [rel says] *T*-1 [ARG0 Raymond Wong , China manager for Mannesmann AG , a West German machinery-trading company] .
- `` [ARG1 Both sectors of imports and exports look just as bad] , '' [rel says] *T*-1 [ARG0 Masahiko Kitamura , general manager of Nissho Iwai 's Canton office] .
- [ARG1 Business is n't any better on the provincial or municipal level] , [ARG0 foreign traders] [rel say] 0 *T*-1 .
- [ARG0 Foreign traders] [rel say] [ARG1 0 the company is strapped for cash] .
- `` [ARG1 It has difficulties *-3 paying its foreign debts] , '' [rel says] *T*-2 [ARG0 a Hong Kong executive who *T*-1 is familiar with Sitco 's business] .
- [ARG0 Foreign traders] [ARGM-DIS also] [rel say] [ARG1 0 many of China 's big infrastructural projects have been canceled or postponed because of the squeeze on domestic and foreign credit] .
- `` [ARG1 There are virtually no new projects , and that means no new business for us] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 The Oil Pollution Act , scheduled * to come up for a vote in Congress this fall , would provide that if claimants are n't paid within 90 days of a spill , the liability fund would compensate them and seek reimbursement from the owner or operator of the vessel] , [rel says] 0 *T*-1 [ARG0 a spokesman for Rep. George Miller -LRB- D. , Calif. -RRB- , a sponsor of the bill] .
- [ARG0 The spokesman] [rel says] [ARG1 0 the `` glitch '' in the statute is `` the worst kind of Catch-22] . ''
- `` [ARG1 Law school teaches wonderful theory , but it does n't teach the nuts and bolts of practical lawyering] , '' [rel says] *T*-2 [ARG0 Aaron Weitz , head of a New York County Lawyers ' Association committee that *T*-1 sponsors such a course] .
- [ARG1 But these days , large firms hire as many as 30 new associates a year , and it *EXP*-2 's impossible * to personally train everyone] , [rel says] 0 *T*-3 [ARG0 Joel Henning of Hildebrandt Inc. , a consulting firm that *T*-1 runs training classes] .
- [ARG1 Now , clients know that new associates have had some practical training before *-2 working on their cases] , [rel says] 0 *T*-1 [ARG0 James J. Hanks , a partner at the firm] .
- [ARG1 The building , which *T*-1 will handle child abuse , custody and foster care cases , will be `` less formal , less threatening and just basically less grim than most courthouses , ''] [rel says] 0 *T*-2 [ARG0 Edmund Edelman , chairman of the Los Angeles County Board of Supervisors] .
- [ARG1 The building 's 25 courtrooms will be smaller] , [rel says] 0 *T*-1 [ARG0 Charlene Saunders , a court administrator] .
- `` [ARG1 We need *-1 to get the kids away from the criminals into a less traumatic environment , ''] [rel says] *T*-2 [ARG0 Mr. Edelman] .
- [ARG1 About 45,000 children in Los Angeles County are under court supervision] , [ARG0 Mr. Edelman] [rel says] 0 *T*-2 , and an average of 1,500 new children are added *-1 each month .
- `` [ARG1 We will support it , we will thank him , and we will augment it where appropriate] , '' [rel said] *T*-1 [ARG0 Rep. Vic Fazio -LRB- D. , Calif . -RRB-] .
- Moody 's Investors Service Inc. said 0 it lowered the ratings of some $ 145 million *U* of Pinnacle debt because of `` accelerating deficiency in liquidity , '' which [ARG0 it] [rel said] [ARG1 0 *T*-2 was evidenced *-1 by Pinnacle 's elimination of dividend payments] .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it lowered the ratings of some $ 145 million *U* of Pinnacle debt because of `` accelerating deficiency in liquidity , '' which it said 0 *T*-2 was evidenced *-1 by Pinnacle 's elimination of dividend payments] .
- [ARG0 Henry Sargent Jr. , Pinnacle executive vice president ,] [rel said] [ARG1 0 the action `` wo n't really have any effect on us] .
- [ARG0 The rating agency] [rel said] [ARG1 0 it lowered the ratings on $ 75 million *U* of the holding company 's convertible subordinated Eurodebentures to B-3 from B-1] .
- [ARG0 Moody 's] [rel said] [ARG1 0 it also lowered the ratings of $ 70 million *U* of Pinnacle 's MeraBank thrift unit long-term deposits to B-3 from B-2 , and on its subordinated debt to Ca from Caa] .
- [ARG1 Securities of MeraBank were placed under review last May , and will remain under review for downgrade] , [ARG0 the agency] [rel said] 0 *T*-1 .
- While she is wondering whether * to live it up , and do something even more dramatic , [ARG0 *] [rel say] [ARG1 * get married] , her life is further complicated by the reappearance of an old flame , David , a film critic and actor who always *T*-1 seems *-2 to be just on the brink of stardom .
- `` [ARG1 We found the market not developing as we thought 0 it would *?*] , '' [ARG0 a GE spokesman] [rel says] *T*-1 .
- `` [ARG1 No one yet has shown the ability * to manufacture these panels '' at commercial costs] , [rel says] 0 *T*-1 [ARG0 Zvi Yaniv , the president of Ovonic Imaging] .
- [ARG0 He] [rel says] [ARG1 0 he thinks 0 his company is just a few years from *-1 doing that] .
- `` [ARG1 Unless it gets more help , the U.S. industry wo n't have a chance] , '' [rel says] *T*-1 [ARG0 Peter Friedman , Photonics 's executive vice president] .
- But [ARG0 Peter Brody , Magnascreen 's president ,] [rel says] [ARG1 0 Japanese companies are poised *-1 to snatch the technology and put it to commercial use , just as they did with earlier U.S. innovations in color television and video recording] .
- `` [ARG1 Most American investors have just given up] , '' [ARG0 Mr. Brody] [rel says] *T*-1 .
- `` [ARG1 We do n't see a domestic source for some of our -LCB- HDTV -RCB- requirements , and that 's a source of concern] , '' [rel says] *T*-1 [ARG0 Michael Kelly , director of DARPA 's defense manufacturing office] .
- [ARG0 Planar President James Hurd] [rel says] [ARG1 0 he has *-1 to pay tariffs as high as 15 % *-1 to sell his display panels in Japan and South Korea , while panels from those countries enter the U.S. duty-free] .
- `` [ARG1 This is n't a technology issue , but an attitude issue] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Burmah Oil PLC , a British independent oil and specialty-chemicals marketing concern ,] [rel said] [ARG1 0 SHV Holdings N.V. has built up a 7.5 % stake in the company] .
- [ARG0 Burmah] [rel said] [ARG1 0 it had n't held any discussions with SHV and that `` no deal of any nature is in contemplation] .
- [ARG0 The top state environmental official in Massachusetts] [rel said] [ARG1 0 Clean Harbors Inc. 's environmental-impact statement for a proposed incinerator in Braintree was inadequate] .
- [ARG0 Critics of the plan , including the town of Braintree ,] [rel say] [ARG1 0 the incinerator is a health hazard] .
- [ARG0 Clean Harbors , based * in Quincy ,] [rel said] [ARG1 0 it `` will proceed expeditiously '' * to submit the data requested *] .
- [ARG0 Alan McKim , chief executive officer of Clean Harbors] [rel said] [ARG1 0 he was `` very much encouraged '' by the official 's praise of Clean Harbors for the quality of some of the data in the report] .
- [ARG0 Citizens & Southern Corp.] [rel said] [ARG1 0 it signed a definitive agreement * to acquire Security Pacific Corp. 's New York-based factoring unit] .
- [ARG0 Citizens , based * in Atlanta ,] [rel said] [ARG1 0 it has about $ 4.6 billion *U* in factored sales annually] ; the Security Pacific unit has about $ 1.8 billion *U* annually .
- [ARG0 The office , a Treasury Department unit that *T*-2 is the successor to the Federal Home Loan Bank Board ,] [rel said] [ARG1 0 this was the first announcement of an enforcement action since this year 's thrift-bailout legislation ordered that all such actions by federal banking regulators be made *-1 public] .
- [ARGM-DIS Indeed] , [ARG0 the OTS] [rel said] [ARG1 that before the law took effect Aug. 9 , it banned another `` key Vision Banc insider '' from insured financial institutions] .
- [ARG0 The OTS] did [ARGM-NEG n't] [rel say] [ARGM-ADV specifically] [ARG1 why the action was taken *-1 against Ms. Garman *T*-2] .
- [ARGM-DIS However] , [ARG0 it] [rel said] [ARG1 0 examiners found a variety of insider dealings at the thrift , including `` extraordinary loan commissions '' paid * to a firm associated * with Vision Banc officials , and loans diverted * through borrowers back to the thrift officials] .
- [ARG0 Arizona Instrument Corp.] [rel said] [ARG1 0 it expects *-1 to post a third-quarter net loss of about $ 600,000 *U* , or 25 cents to 27 cents a share , compared with net income of $ 214,000 *U* , or 10 cents a share , a year earlier] .
- [ARG0 The Tempe , Ariz. , maker of underground fuel-storage systems] [rel said] [ARG1 0 the most recent period was affected *-1 by customers ' problems * complying with recent Environmental Protection Agency regulations] .
- `` [ARG1 I think 0 it is a good theme for what *T*-1 looks * to be an uncertain market] , '' [rel says] *T*-2 [ARG0 Steven Einhorn , partner at Goldman Sachs] .
- [ARG1 Growth stocks may be as big as Philip Morris or medium-sized such as Circuit City Stores , but their common characteristic is a history of * increasing profits on the order of at least 15 % to 20 % *U* a year] , [ARG0 money managers] [rel say] 0 *T*-1 .
- `` [ARG1 The period when growth stocks should be performing well *T*-1 is when their earnings are growing at a superior rate to the general level of corporate profits *T*-2] , '' [rel says] *T*-3 [ARG0 Stephen Boesel , president of T. Rowe Price 's Growth and Income Fund] .
- [ARG1 And they will again] , [rel say] 0 *T*-1 [ARG0 money-manager proponents of the growth-stock theme] .
- `` [ARG1 We 're just seeing the beginning of a shift] , '' [ARG0 Mr. Smith] [rel says] *T*-1 .
- Carmine Grigoli , [ARG0 chief market strategist for First Boston] , who [ARGM-TMP still] *T*-1991 [rel says] , `` [ARG1 We expect the Dow average -LCB- to be at -RCB- 3000 by mid-1990 , ''] nonetheless foresees a sluggish economy in the meantime .
- `` [ARG1 One of the stories of the fourth quarter is that we will get an unusual number of earnings disappointments from companies sensitive to the economy] , '' [rel says] 0 *T*-1 [ARG0 Mr. Boesel of T. Rowe Price] .
- [ARG0 James Wright , chief investment officer for Banc One Asset Management ,] [rel says] , `` [ARG1 We 've been selling a disproportionate share of cyclical companies and buying a disproportionate share of high earnings stocks] . ''
- [ARG1 Big cyclical companies are using `` all the tricks 0 they can *T*-1 *-3 to stabilize earnings , ''] [rel says] *T*-2 [ARG0 Mr. Sloan] .
- `` [ARG1 What they are telling you *T*-1 is that they do n't have the ability * to generate higher returns internally] , '' [rel says] *T*-2 [ARG0 Mr. Sloan] .
- [ARG0 IBM] [rel says] [ARG1 0 it considers its shares a good investment] .
- [ARG1 But block trading desks and money managers made a concerted effort * to meet the imbalances with stock 0 * to sell *T*-1] , [ARG0 one trader] [rel said] 0 *T*-2 .
- [ARG0 Stoneridge Resources Inc.] [rel said] [ARG1 0 it will begin an offering of rights equivalent to 2.6 million common shares and valued at $ 22,750,000 *U*] .
- [ARG0 The Bloomfield Hills , Mich.-based real-estate holding company] [rel said] [ARG1 0 it will offer the rights at $ 8.75 *U* a share to shareholders of record on Oct. 26] .
- [ARG0 The company] [rel said] [ARG1 0 it will use the proceeds of the offering for debt reduction and general corporate purposes , including acquisitions] .
- [ARG1 Stockholders who *T*-1 exercise all their rights may buy additional shares] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 it has an option * to increase the offering by up to 350,000 shares] .
- [ARG0 MCI COMMUNICATIONS Corp.] [rel said] [ARG1 0 it filed a shelf registration with the Securities and Exchange Commission for issuance of as much as $ 750 million *U* of debt securities] .
- [ARG0 A group including ESL Partners Ltd. , a Fort Worth , Texas , investment partnership , and Richard E. Rainwater , a former adviser to the Fort Worth Bass family ,] [rel said] [ARG1 0 it reduced its stake in Anacomp Inc. to 3.6 % of the common shares outstanding] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 the group] [rel said] [ARG1 0 it sold 1,325,900 Anacomp common shares from Aug. 31 to last Wednesday for $ 4.48 *U* to $ 5.84 *U* a share , * resulting in a drop in its holdings to 1,351,662 shares] .
- [ARG0 An Anacomp official] [rel said] [ARG1 0 the Indianapolis computer-services concern had no comment on the group 's share sales] .
- [ARG0 It] [rel said] [ARGM-TMP then] [ARG1 0 it had had *RNR*-1 and would continue *-3 to have *RNR*-1 discussions with Anacomp 's management concerning its investment] .
- [ARG0 Home Beneficial Corp. , Richmond , Va. ,] [rel said] [ARG1 0 it contracted *-2 to sell its 50 % interest in a Richmond-area shopping mall to a buyer that *T*-1 was n't identified *-3] .
- [ARG0 The life-insurance holding company] [rel said] [ARG1 0 the sale would result in an after-tax gain of about $ 32 million *U* , or $ 3.09 *U* a share , in the first quarter of]
- [ARG0 The company] [ARGM-DIS also] [rel said] [ARG1 0 it will adopt new accounting standards in the first quarter] .
- [ARG0 It] [rel said] [ARG1 0 the reduced dividend reflects the low price for precious metals] .
- [ARG0 Greg Davies , Central Fund 's vice president , finance ,] [rel said] [ARG1 0 losses for the fiscal year ending Oct. 31 could be as high as one million Canadian dollars -LRB- US$ 852,000 *U* -RRB-] .
- [ARG0 Comair Holdings Inc.] [rel said] [ARGM-LOC in Cincinnati] [ARG1 that it bought Airline Aviation Academy , a pilot training school based * at Sanford Regional Airport near Orlando , Fla] .
- [ARG0 Comair] [rel said] [ARG1 0 it paid cash] but declined *-1 to disclose the price .
- [ARG1 Airline Aviation , which *T*-1 has annual revenue of $ 5 million to $ 6 million *U* , has great growth potential because of the large number of U.S. pilots nearing retirement age] , [ARG0 Comair] [rel said] 0 *T*-2 .
- [ARG1 The unit will be renamed *-2 Comair Aviation Academy and will continue *-2 to be headed *-1 by Scott Williams , a son of its founder] , [ARG0 Comair] [rel said] 0 *T*-3 .
- [ARG0 One analyst , who *T*-1 asked not *-2 to be identified *-3 ,] [rel said] [ARG1 0 he believes that the UAL pilots and management can put together a bid `` in the $ 225 *U* area , '' but that it could take three to four months * to close] .
- [ARGM-DIS However] , [ARG0 investment bankers] [rel say] [ARG1 that banks are n't likely *-2 to lend the almost $ 5 billion *U* that *T*-1 would be necessary for a takeover even at a lower price without someone putting up a hefty wad of cash -- probably even greater than the 17 % in cash put up * by investors in the leveraged takeover of Northwest Airlines parent NWA Corp. in July] .
- The short answer , on a fundamental basis , is that [ARG0 airline analysts] [rel say] [ARG1 0 the stock is worth somewhere between $ 135 and $ 150 *U* a share] .
- [ARG0 The Weston , Mass. , utilities and marine-transport concern] [rel said] [ARG1 0 results for the third quarter , usually a money-losing one because of the seasonality of the gas business , were also aided by higher gas sales and the May 1989 acquisition of Water Products Company] .
- [ARG1 Most other supercomputer manufacturers have yet *-2 to adopt the Posix standard] , [ARG0 Mr. Paluck] [rel said] 0 *T*-5 , [ARGM-ADV *-3 adding that they prefer *-4 to maintain proprietary systems that *T*-1 lock in customers] .
- `` [ARG1 They want a lobster trap -- once you get in , you ca n't get out] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-TMP During the third quarter] , [ARG0 it] [rel said] , [ARG1 0 it won several significant contracts , including a five-year contract with the National Institutes of Health valued * at an estimated $ 8 million *U*] .
- [ARG1 The new products allow customers to add Convex machines to established systems made * by other manufacturers , which `` *T*-1 opens up a phenomenal market for us] , '' [rel said] 0 *T*-2 [ARG0 Robert J. Paluck , Convex 's chairman , president and chief executive] .
- [ARG1 Troubled Saatchi & Saatchi Co. has attracted offers for some of its advertising units , with potential suitors including Interpublic Group , but has rejected them] , [ARG0 people familiar with the company] [rel said] 0 *T*-1 .
- [ARG0 Industry executives] [rel said] [ARG1 0 Interpublic approached Saatchi in August about * buying its Campbell-Mithun-Esty unit , but was turned down *-1 by Chairman Maurice Saatchi] .
- And [ARGM-TMP last week] , [ARG0 people close to Saatchi] [rel said] [ARG1 0 Maurice Saatchi and his brother , Charles , would lead a buy-out if a hostile bid emerged] .
- [ARG1 More recently , Interpublic inquired about one of Saatchi 's smaller communications companies -- identified * as the Rowland public relations firm by several industry executives -- but again was rebuffed] , [ARG0 they] [rel said] 0 *T*-1 .
- [ARG0 Mr. Louis-Dreyfus] , [ARGM-LOC in a recent interview] , [rel said] [ARG1 0 he might sell `` a marginal agency or office] . ''
- [ARG0 Prudential Insurance Co. of America] [rel said] [ARG1 0 it selected four agencies to pitch its $ 60 million to $ 70 million *U* account] .
- [ARG0 A spokesman for the insurance and financial services firm , based * in Newark , N.J. ,] [rel said] [ARG1 0 it hopes *-1 to make a decision within three to four months] .
- [ARG1 Interpublic 's chairman and chief executive officer , Philip Geier Jr. , made the pitches in visits to Mr. Saatchi in London] , [ARG0 the executives] [rel said] 0 *T*-1 .
- [ARG0 The agency] declined comment , but [rel said] [ARG1 0 it will continue work until a new agency is chosen *-1] .
- [ARG0 N W Ayer 's president and chief executive officer , Jerry J. Siano ,] [rel said] [ARG1 0 the agency is holding `` conversations '' about * acquiring Zwiren Collins Karo & Trusk , a midsized Chicago agency , but a deal is n't yet close to *-2 being completed *-1] .
- Takeover speculation has been rife , its consulting business is on the block , and [ARG0 its largest shareholder , Southeastern Asset Management ,] has [rel said] [ARG1 0 it 's been approached *-1 by third parties regarding a possible restructuring] .
- [ARGM-LOC In a statement] , [ARG0 Grand Met] [rel said] [ARG1 0 its recent `` growth and wider geographic spread '' made it necessary * to create the new position] .
- [ARG0 Wisconsin Toy Co.] [rel said] [ARG1 0 it definitively agreed *-1 to acquire closely held Everything 's a Dollar Inc. of Virginia Beach , Va. , for stock currently valued at about $ 4.7 million *U*] .
- [ARG0 The Milwaukee toy retailer] [rel said] [ARG1 0 the agreement calls for Everything 's a Dollar holders to receive for their holdings a total of 354,600 newly issued Wisconsin Toy shares] .
- [ARG0 A company official] [rel said] [ARG1 0 Arthur Borie , until January chief operating officer of Pic 'N Save Inc. , will buy a 20 % stake in the new Wisconsin Toy subsidiary , and will act as head of Everything 's a Dollar] .
- [ARG1 The initial costs] are [rel said] *-1 to be in the $ 2 billion *U* a year range , but that 's only the beginning .
- [ARG0 Proponents of the nationwide standards] [rel say] [ARG1 0 the cost for car buyers would be about $ 500 *U* per car] .
- [ARG0 Other analysts] [rel say] [ARG1 0 that estimate is low] .
- [ARGM-DIS However] , [ARG0 Mr. Dillow] [rel said] [ARG1 0 he believes that a reduction in raw material stockbuilding by industry could lead to a sharp drop in imports] .
- [ARG0 Foreign exchange dealers] [rel said] [ARG1 that the currency market has begun *-2 to distance itself from the volatile stock exchange , which *T*-1 has preoccupied the market since Oct. 13 , when the Dow Jones Industrial Average plunged more than 190 points *T*-3] .
- [ARG1 This has increased the risk of the government being forced *-1 to increase base rates to 16 % from their current 15 % level *-2 to defend the pound] , [ARG0 economists and foreign exchange market analysts] [rel say] 0 *T*-3 .
- `` [ARG1 The risks for sterling of a bad trade figure are very heavily on the down side] , '' [rel said] *T*-1 [ARG0 Chris Dillow , senior U.K. economist at Nomura Research Institute] .
- [ARG0 Sanjay Joshi , European economist at Baring Brothers & Co. ,] [rel said] [ARG1 0 there is no sign that Britain 's manufacturing industry is transforming itself *-1 to boost exports] .
- [ARG0 East Rock Partners Limited Partnership] [rel said] [ARG1 0 it proposed *-1 to acquire A.P. Green Industries Inc. for $ 40 *U* a share] .
- [ARGM-LOC In an Oct. 19 letter to A.P. Green 's board] , [ARG0 East Rock] [rel said] [ARG1 0 the offer is subject to the signing of a merger agreement by no later than Oct. 31] .
- [ARG0 The letter] , [ARGM-ADV *-1 attached *-2 to a filing with the Securities and Exchange Commission] , [rel said] [ARG1 0 the approval is also contingent upon * obtaining satisfactory financing] .
- [ARG0 East Rock] [ARGM-DIS also] [rel said] [ARGM-LOC in the filing] [ARG1 that it boosted its stake in A.P. Green to 8.7 %] .
- `` [ARG1 Shippers are saying ` the party 's over] , ' '' [rel said] *T*-1 [ARG0 Mr. LaLonde] .
- `` [ARG0 Shippers] are [rel saying] ` [ARG1 the party 's over] , ' '' said *T*-1 Mr. LaLonde .
- [ARG0 Robert Delaney , a consultant at Arthur D. Little Inc. , Cambridge , Mass. ,] [rel said] `` [ARG1 We 've gotten all the benefits of deregulation in freight-cost reductions] .
- `` [ARG1 There 's still a lot of pressure on rates in both rail and truck] , '' [rel said] *T*-1 [ARG0 Gerard McCullough , lecturer in transportation at Massachusetts Institute of Technology] .
- [ARG0 Major shippers] [rel say] [ARG1 0 they expect freight rates to rise at least as fast as inflation and maybe faster in the next few years] .
- [ARG0 An official at Consolidated Freightways Inc. , a Menlo Park , Calif. , less-than-truckload carrier ,] [rel said] [ARG1 0 rate discounting in that industry has begun *-1 to `` stabilize] . ''
- [ARG1 Truckers are `` trying *-1 to send signals that they need *-2 to stop the bloodletting , forget about market share and go for higher rates] , '' [rel said] 0 *T*-3 [ARG0 Michael Lloyd , an analyst at Salomon Bros] .
- [ARG1 And `` shippers are getting the feeling that they have played one trucker off against another as much as they can *?*] , '' [ARG0 he] [rel said] 0 *T*-1 .
- [ARGM-DIS And] [ARG0 Japan Air Lines] [rel said] [ARG1 0 it plans *-1 to boost its rates a further 25 % over the next two years] .
- [ARG1 Such rate increases `` will increase the total cost of U.S. products and slow down the rate of increase of U.S. exports] , '' [rel said] 0 *T*-1 [ARG0 Richard Connors , a senior vice president of Yusen Air & Sea Service U.S.A. Inc. , the U.S. air-freight-forwarding subsidiary of Nippon Yusen Kaisha of Japan] .
- [ARG1 Some bulk shipping rates have increased `` 3 % to 4 % *U* in the past few months] , '' [rel said] 0 *T*-1 [ARG0 Salomon 's Mr. Lloyd] .
- `` [ARG1 Demand has caught up with the supply of certain types of freight transportation , and rates are starting *-2 to move up '' at a rate `` close to *RNR*-5 or slightly more than *RNR*-5 the inflation rate] , '' [rel said] *T*-1 [ARG0 Clifford Sayre , director of logistics at Du Pont Co] .
- [ARG0 Shippers surveyed * recently by Ohio State University] [rel said] [ARG1 0 they expect their freight-transport , storage and distribution costs to rise about 4 % this year] .
- `` [ARG1 This is the first year since transportation deregulation in 1980 that we have had such a dramatic and broad-based upturn in perceived transportation rates *T*-2] , '' [rel said] *T*-1 [ARG0 Bernard LaLonde , a transportation logistics professor at Ohio State in Columbus] .
- [ARG0 MGM Grand Inc.] [rel said] [ARG1 0 it filed a registration statement *ICH*-1 with the Securities and Exchange Commission for a public offering of six million common shares] .
- [ARG0 The Beverly Hills , Calif.-based company] [rel said] [ARG1 0 it would have 26.9 million common shares outstanding after the offering] .
- [ARG0 The hotel and Gaming company] [rel said] [ARG1 0 Merrill Lynch Capital Markets will lead the underwriters] .
- When he was through *T*-1 , the court members asked many questions , then [ARG0 the chairman] [rel said] [ARG1 0 they would like *-2 to hear his manager 's side and talk to witnesses] .
- [ARGM-TMP After the three members of the court introduced themselves ,] [ARG0 the chairman of the panel] [rel said] : `` [ARG1 * Go ahead and tell us what *T*-1 happened] .
- [ARG1 Breweries attracted investors because of their land property holdings that *T*-1 could figure in development or other plans] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARG0 Dealers] [rel said] [ARG1 0 the day 's action was featureless outside some response to sterling 's early weakness against the mark , and fears that Wall Street might open lower after its strong leap forward Thursday] .
- [ARG0 Dealers] [rel said] [ARG1 0 they viewed the initial # 390-million *U* -LRB- $ 622 million *U* -RRB- outlay for a 15 % stake in the airline as a bit much] .
- [ARG0 Sir James] [rel said] [ARGM-TMP Thursday night] [ARG1 that his plans for the takeover had n't changed] .
- [ARG0 Dealers] [rel said] [ARG1 0 it was hit *-1 by some profit-taking after gains since mid-week] .
- `` [ARG1 Investors , especially dealers , do n't want *-1 to hold a position over the weekend] , '' [ARG0 a trader at Dai-ichi Securities] [rel said] *T*-3 , [ARGM-ADV *-2 adding , though , that the trading mood remained positive through the afternoon session] .
- [ARG1 The U.S. is required *-1 to notify foreign dictators if it knows of coup plans likely * to endanger their lives] , [ARG0 government officials] [rel said] 0 *T*-2 .
- [ARG0 Sen. Boren] [rel said] , `` [ARG1 It 's time 0 * to stop bickering and work together *-1 to develop a clear and appropriate policy 0 * to help the country in the future *T*-3 *T*-2] .
- [ARG0 Republican Sen. William Cohen of Maine , the panel 's vice chairman ,] [rel said] of [ARG3-of the disclosure] [ARG1 that `` a text torn * out of context is a pretext , and it *EXP*-2 is unfair for those in the White House who *T*-1 are leaking to present the evidence in a selective fashion] . ''
- [ARG0 Sen. Boren] [rel said] [ARG1 0 the committee could n't defend itself by *-1 making the documents public because that would violate classification rules] .
- [ARG0 One administration official] [rel said] [ARG1 0 notification was required *-1 even if the U.S. `` gets wind '' of somebody else 's coup plans that *T*-2 seem likely *-3 to endanger a dictator 's life] .
- But [ARG0 a congressional source close to the panel] [rel said] [ARG1 0 the rule only covered coup plans directly involving the U.S.] .
- [ARG0 One senior administration official] called the guideline `` outrageous '' and [rel said] [ARG1 0 it could make U.S. operatives reluctant *-1 to even listen to coup plans for fear 0 they may get into legal trouble] .
- [ARGM-DIS In addition] , [ARG0 both administration and congressional officials] [rel said] [ARG1 0 the need for guidelines on coups and assassinations was partly spurred *-1 by a White House desire * to avoid nasty overseas surprises during the election campaign] .
- The administration has reacted to criticism that it mishandled the latest coup attempt by *-1 seeking *-2 to blame Congress for restrictions 0 [ARG0 the White House] [rel said] [ARG1 0 *T*-3 have hampered its freedom of action] .
- [ARGM-DIS However] , [ARGM-TMP last week] [ARG0 Mr. Webster 's two top CIA deputies] [rel said] [ARG1 0 congressional curbs had n't hampered the spy agency 's role in the coup attempt in Panama] .
- [ARG0 Officials familiar with the meeting] [rel said] [ARG1 0 Mr. Bush cited the policy as an example of] the sort of congressional requirements 0 the administration contends 0 *T*-1 contribute to the failure of such covert actions as this month 's futile effort * to oust Panamanian dictator Manuel Noriega .
- [ARG0 They] [rel said] [ARG1 0 the president conceded 0 the notification requirement did n't affect his decision * to lend only minor support to this month 's Panama coup effort] .
- [ARG1 No notification] was ever considered *-1 , [ARG0 officials] [rel said] 0 *T*-2 , apparently because the U.S. did n't think 0 the coup plotters intended *-3 to kill Mr. Noriega , but merely sought *-3 to imprison him .
- [ARG0 Procter & Gamble Co. and Noxell Corp.] [rel said] [ARG1 0 they received early termination of the waiting period under the Hart-Scott-Rodino Act regarding the proposed $ 1.4 billion *U* merger of Noxell into P&G] .
- [ARG1 Shareholders of Noxell , of Hunt Valley , Md. , will vote on the merger at a special meeting on Nov. 30] , [ARG0 the companies] [rel said] 0 *T*-1 .
- [ARG0 SIERRA TUCSON Cos.] [rel said] [ARG1 0 it completed its initial public offering of 2.5 million common shares , which *T*-1 raised $ 30 million *U*] .
- [ARG0 The Tucson , Ariz. , operator of addiction-treatment centers] [rel said] [ARG1 0 proceeds will be used *-1 for expansion , * to pay debt and for general corporate purposes] .
- `` [ARG1 The stock market is sick because profits are crumbling] , '' [rel says] *T*-1 [ARG0 Michael K. Evans , president of Evans Economics Inc. , Washington] .
- [ARG0 Charles Lieberman , managing director of financial markets reasearch at Manufacturers Hanover Securities Corp. , New York ,] [rel said] [ARG1 0 Hurrican Hugo shaved 0.1 % to 0.2 % *U* from personal-income growth , because of greatly diminished rental income from tourism] .
- `` [ARG1 Inflation could be a real surprise] , '' [rel said] *T*-1 [ARG0 Samuel D. Kahan , chief financial economist at Kleinwort Benson Government Securities Inc. , in Chicago] .
- [ARG0 Vickers PLC , a United Kingdom defense and engineering company ,] [rel said] [ARG1 0 an investment unit controlled * by New Zealand financier Ron Brierley raised its stake in the company Friday to 15.02 % from about 14.6 % Thursday and from 13.7 % the previous week] .
- `` [ARG1 Ron Brierley clearly views our company as a good investment] , '' [ARG0 a Vickers spokesman] [rel said] *T*-1 .
- [ARG1 At current market prices , the twin public offerings 0 *T*-2 to be completed *-1 next year would add an estimated 2.5 billion Swedish kronor -LRB- $ 386 million *U* -RRB- to Trelleborg 's coffers] , [ARG0 analysts] [rel say] 0 *T*-3 .
- But [ARG1 that share issue -- intended * to make Trelleborg better known among international investors -- was postponed *-1 until market conditions stabilize] , [ARG0 people familiar with the situation] [rel say] 0 *T*-2 .
- [ARG0 Mr. Andersson] [rel says] [ARG1 0 he is confident that * taking parts of the company public will help * erase the `` conglomerate stigma '' that *T*-1 has held down Trelleborg 's share price] .
- `` [ARG1 Trelleborg is n't in the same league *ICH*-2 yet as mining giants such as RTZ Corp. or Anglo-American Corp.] , '' [rel says] *T*-1 [ARG0 Mike Kurtanjek , a mining analyst at James Capel & Co. , London] .
- [ARG0 Analysts] [rel say] [ARG1 0 its chances of success will likely hinge on how well Trelleborg manages *-2 to cooperate with Noranda in the Falconbridge venture *T*-1] .
- [ARG0 Some analysts] [rel say] [ARG1 0 Noranda would prefer *-1 to break up Falconbridge , and that the Swedes -- relatively inexperienced in international mining operations -- could have problems *-2 holding their own with a much bigger partner like Noranda operating on its home turf] .
- [ARG1 Falconbridge] , [ARG0 he] [rel says] 0 *T*-1 , will continue *-2 operating in its current form .
- [ARG1 But such partnerships are common in mining , where there are n't problems or conflict of interest or risk of cheating by a partner *T*-1] , '' [ARG0 Trelleborg 's president] [rel says] *T*-2 .
- `` [ARG1 If the 1980s were a decade of consumption , the '90s will be the investment decade] , '' [ARG0 Mr. Andersson] [rel says] *T*-1 .
- `` [ARG1 The whole of Europe and the industrialized world is suffering from a breakdown in infrastructure investment] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Adverse pressure on gross margins ... has subsided] , '' [ARG0 Mr. Sculley] [rel said] *T*-1 .
- [ARG1 Lower component costs -- especially for DRAMs , or dynamic random access memory chips -- were cited *-1 for the easing of margin pressure on the company] , [ARG0 a spokeswoman] [rel said] 0 *T*-2 .
- [ARG0 The company] [ARGM-DIS also] [rel said] [ARG1 0 it privately placed stock and warrants in exchange for $ 750,000 *U*] .
- [ARG1 He remains an executive vice president] , [ARG0 the company] [rel said] 0 *T*-1 , and his new position reflects `` the growing importance of the world automotive market as a market for A. Schulman 's high performance plastic materials . ''
- [ARG1 Gordon Trimmer will succeed Mr. Haines as manager of Canadian operations , and Mr. Kushkin 's former position is n't being filled *-1 at this time] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 General Electric Co.] [rel said] [ARG1 0 it signed a contract *ICH*-3 with the developers of the Ocean State Power project for the second phase of an independent $ 400 million *U* power plant , which *T*-2 is being built *-1 in Burrillville , R.I] .
- [ARG0 Chambers Development Co.] [rel said] [ARG1 0 its Security Bureau Inc. unit purchased two security concerns in Florida that *T*-1 will add $ 2.1 million *U* of annual revenue] .
- [ARG0 Basf AG] [rel said] [ARG1 0 it moved its headquarters for Latin America to Mexico and the headquarters for the Asia\/Australia regional division to Singapore , * effective Oct] .
- [ARG1 Both regions are the fastest-growing areas for Basf] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 Lotus Development Corp. is in talks *-1 to sell its Signal stock-quote service to Infotechnology Inc. , the New York parent of Financial News Network] , [ARG0 people familiar with the negotiations] [rel said] 0 *T*-2 .
- [ARG0 They] [rel said] [ARG1 0 the price would be around $ 10 million *U*] .
- `` [ARG1 Please * submit your offers] , '' [rel says] *T*-1 [ARG0 Felipe Bince Jr] .
- `` [ARG1 You just do n't see a whole lot happening] , '' [rel says] *T*-1 [ARG0 an international economist] .
- [ARG0 Bankers] [rel say] , [ARGM-DIS however] , [ARG1 that the government may have difficulty *-1 selling the institution even without a floor price] .
- [ARG1 The bank has a negative net worth] , [ARG0 they] [rel say] 0 *T*-1 .
- [ARG1 The prospect of * buying into a cash-hungry company without *-1 getting management control persuaded at least three foreign buyers , including a member of the Elders group of Australia , *-2 to pull out of the bidding] , [ARG0 the bankers and analysts] [rel say] 0 *T*-3 .
- [ARG0 Mr. Garcia] acknowledges the problem and [rel says] [ARG1 0 the Asset Trust will study why the bidding failed *T*-1 and what changes the agency may be able *-2 to offer *T*-3] .
- [ARG0 Mr. Garcia] [rel says] [ARG1 0 he has been notified *-1 of congressional hearings on the Picop bidding and possible legislation covering the paper mill 's sale , both prompted * by the criticism of the agency] .
- [ARGM-LOC In an interview] , [ARG0 James Smith] [rel said] [ARG1 0 the banks ' `` markets are contiguous and their business philosophies are similar and conservative] . ''
- [ARG1 Nonperforming loans will make up only about 0.5 % of the combined banks ' total loans outstanding] , [ARG0 he] [rel said] 0 *T*-1 .
- Yet clearly , modernization must embrace its key industries before [ARG1 it] [ARGM-MOD can] be [rel said] *-1 to have caught the `` privatization bug . ''
- [ARG0 *-1] Having [rel said] [ARG1 that] , we must caution against an apparent tendency * to overstate the case .
- [ARG0 The third-largest thrift institution in Puerto Rico] [ARGM-DIS also] [rel said] [ARG1 0 it expects a return to profitability in the third quarter when it reports operating results *T*-1 this week] .
- [ARG0 Ponce Federal] [rel said] [ARG1 0 the dividend was suspended *-1 in anticipation of more stringent capital requirements under the Financial Institutions Reform , Recovery , and Enforcement Act of 1989] .
- [ARGM-TMP On Friday] , [ARG0 British Air] issued a statement [rel saying] [ARG1 0 it `` does not intend *-1 to participate in any new deal for the acquisition of UAL in the foreseeable future] . ''
- However , [ARG0 several people] [rel said] [ARG1 that British Air might yet rejoin the bidding group and that the carrier made the statement *-1 to answer questions from British regulators about how it plans *-2 to use proceeds of a securities offering previously earmarked * for the UAL buy-out *T*-3] .
- [ARGM-DIS However] , [ARG0 people familiar with the buy-out group] [rel said] [ARG1 0 Mr. Pope 's departure would weaken the airline 's management at a critical time] .
- [ARG0 People familiar with the company] [rel say] [ARG1 0 the board is n't likely *-2 to give quick approval to any offer substantially below the $ 300-a-share *U* , $ 6.79 billion *U* buy-out bid] that *T*-1 collapsed last week after banks would n't raise needed loans and after a key partner , British Airways PLC , dropped out .
- [ARG0 WEIRTON STEEL Corp.] [rel said] [ARG1 0 it completed a $ 300 million *U* sale of 10-year notes , the final step in the 1984 buy-out of the company from National Steel Corp] .
- [ARG1 The 10 7\/8 % notes were priced *-1 at 99.5 % *-2 to yield 10.958 % in an offering managed * by Bear , Stearns & Co. , Shearson Lehman Hutton Inc. and Lazard Freres & Co.] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG0 Weirton , of Weirton , W. Va. ,] [rel said] [ARG1 0 $ 60.3 million *U* of the proceeds were used *-1 *-2 to prepay the remaining amounts on the note outstanding to National Intergroup Inc. , the parent of National Steel] .
- [ARG0 Lep Group PLC of Britain , which *T*-1 holds a 62.42 % stake in Profit Systems Inc. ,] [rel said] [ARG1 0 it is considering courses of action that *T*-2 could result in its having `` active control '' of the company] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 Lep Group] [rel said] [ARG1 0 a possible course of action may include * acquiring some or all of the Profit Systems shares 0 it does n't already own *T*-1] .
- [ARG1 Lep Group and affiliates currently control 3,513,072 Profit Systems common shares , or 62.42 % ,] [ARG0 the filing] [rel said] 0 *T*-1 .
- [ARG1 U.S. official reserve assets rose $ 6.05 billion *U* in September , to $ 68.42 billion *U*] , [ARG0 the Treasury Department] [rel said] 0 *T*-1 .
- [ARG1 The gain compared with a $ 1.10 billion *U* decline in reserve assets in August to $ 62.36 billion *U*] , [ARG0 the department] [rel said] 0 *T*-1 .
- [ARG0 Alusuisse , of New York ,] declined *-1 to [rel say] [ARG1 how much it expects *-2 to get *T*-3 for the unit] ; the company has hired First Boston Corp. to help identify bidders .
- [ARG0 Manhattan National Corp.] [rel said] [ARG1 0 Michael A. Conway , president and chief executive officer , was elected *-1 chief executive of the holding company 's two principal insurance subsidiaries] .
- [ARG1 He succeeds Paul P. Aniskovich Jr. , who *T*-1 resigned *-2 to pursue other business interests] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG0 Daniel J. Terra , a director of First Illinois Corp. ,] [rel said] [ARG1 that in August he reduced his stake in First Illinois to 26.48 % of the common shares outstanding] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 Mr. Terra] [rel said] [ARG1 0 he sold 263,684 First Illinois common shares from Aug. 9 to Aug. 28 for $ 9.9375 to $ 10.5625 *U* a share] .
- [ARG0 Mr. Terra] [rel said] [ARGM-LOC in the filing] [ARG1 that he sold the stock *-1 to decrease his position in the Evanston , Ill. , banking concern] .
- [ARG1 He may sell more shares in the open market or in private transactions , but would n't rule out *-2 changing his intentions and buying shares] , [ARG0 the filing] [rel said] 0 *T*-1 .
- [ARG0 SciMed Life Systems Inc. , Minneapolis ,] [rel said] [ARG1 0 a federal appeals court vacated an earlier summary judgment in its favor] .
- [ARG0 SciMed] [rel said] [ARG1 0 the appeals court remanded the case back to the district court for further proceedings] .
- [ARG0 SciMed] [rel said] [ARG1 0 it `` remains committed '' both to the `` vigorous defense '' of its position that the catheter does n't infringe the Lilly unit 's patent , and to the pursuit of its own counterclaims , which *T*-1 allege 0 Lilly engaged in antitrust violations and other wrongful acts] .
- [ARG1 A REVISED BID FOR UAL is being prepared *-1 by a labor-management group] , [ARG0 sources] [rel said] 0 *T*-2 .
- [ARG0 First Interstate Bancorp of Los Angeles] [rel said] [ARGM-TMP Friday] [ARG1 0 it expects a $ 16 million *U* quarterly loss] , [ARGM-ADV * citing property-loan losses at its Arizona unit] .
- [ARG1 Saatchi & Saatchi has attracted offers for some of its advertising units but has rejected them] , [ARG0 sources] [rel said] 0 *T*-1 .
- [ARG0 Inmac Corp. , a money-losing direct marketer of computer supplies and accessories ,] [rel said] [ARG1 0 directors suspended payment of its semiannual dividend as too great a drain on funds] .
- `` [ARG1 The board felt that the continued payment of our semiannual dividend was inconsistent with recent operating results] , '' [rel said] *T*-1 [ARG0 Kenneth A. Eldred , president and chief executive officer] .
- [ARG0 The Food and Drug Administration] [rel said] [ARG1 0 American Home Products Corp. agreed *-3 to recall certain generic drugs that *T*-2 were produced *-1 by its Quantum Pharmics unit in Amityville , N.Y] .
- [ARG1 The FDA] requested the recall of Quantum 's mioxidil tablets , chlorazepate dipotassium tablets and meclofenamate sodium capsules because , [ARG0 it] [rel said] 0 *T*-2 , the size of the production runs submitted * for testing * to gain FDA approval was in each case misrepresented *-1 as much larger than it actually was *?* .
- [ARG1 No safety problems with the products are known *-1] , [ARG0 the FDA] [rel said] 0 *T*-2 .
- [ARG0 An FDA spokesperson] [rel said] [ARG1 0 the drugs are still available under other brand names] .
- [ARGM-TMP Last month] , [ARG0 American Home Products] [rel said] [ARG1 0 it was suspending production and distribution of all 21 of Quantum 's generic drug products pending the completion of an exhaustive internal audit] .
- [ARG0 Lyondell Petrochemical Co.] [rel said] [ARG1 0 third-quarter net income fell 54 % , to $ 73 million *U* , or 91 cents a share , from $ 160 million *U* a year earlier] .
- [ARG0 The petrochemical maker] [rel said] [ARG1 0 the biggest reason 0 earnings declined *T*-1 was a loss of production time and the increased costs associated * with a temporary maintenance closing and expansion of an olefins plant] .
- While [ARG0 the company] [rel said] [ARG1 0 chemical margins continued *-1 to worsen this quarter] , costs will be lower because the maintenance and expansions are complete .
- [ARG0 Amgen Inc.] [rel said] [ARG1 0 its second-quarter earnings increased more than tenfold to $ 3.9 million *U* , or 22 cents a share , due to increased sales of the company 's new antianemia drug for kidney patients] .
- [ARG1 The existence of the policy became known *-1 after Bush disclosed it to seven GOP senators last week , *-3 citing the plan as an example of congressional requirements 0 the administration contends 0 *T*-4 contribute to the failure of covert actions] , [ARG0 officials] [rel said] 0 *T*-2 .
- [ARG1 Bush conceded that the requirement did n't affect a decision * to lend only minor support to this month 's failed effort * to oust Panama 's Noriega] , [ARG0 aides] [rel said] 0 *T*-1 .
- [ARG0 The five astronauts , who *T*-1 stowed gear and tested the spacecraft 's steering ,] [rel said] [ARG1 0 they were unconcerned about the touchy weather expected * in the Mojave Desert] .
- [ARG0 Nicaragua 's Defense Ministry] [rel said] [ARG1 0 a group of Contra rebels ambushed two trucks carrying troops in northern Nicaragua , *-1 killing 18 of the soldiers] .
- [ARG1 Scientists have isolated a molecule that *T*-1 may hold potential as a treatment for disruptions of the immune system , ranging from organ-transplant rejection , to allergies and asthma] , [ARG0 Immunex Corp.] [rel said] 0 *T*-2 .
- [ARGM-LOC In Oakland] , [ARG0 officials] [rel said] [ARG1 0 the 57-year-old longshoreman who *T*-1 spent four days *-2 entombed *-3 in rubble was in critical condition with slight improvement] .
- [ARG0 Contel Corp.] [rel said] [ARG1 0 third-quarter net income increased 16 % to $ 72 million *U* , or 45 cents a share , from $ 62 million *U* , or 39 cents a share , as a result of strong growth in telephone-access lines and long-distance minutes of use] .
- `` [ARG1 It was quite a shock] , '' [rel says] *T*-1 [ARG0 a 43-year-old East German shopkeeper] .
- `` [ARG1 I hope 0 he grows with the job] , '' [rel says] *T*-1 [ARG0 Rainer Eppelmann , a Protestant pastor in East Berlin] .
- `` [ARG1 You have *-2 to have clear feelings about someone before you can make jokes] , '' [rel says] *T*-3 [ARG0 an East German mother of two who *T*-1 loves swapping political barbs with her friends] .
- [ARG0 Rep. Ronnie Flippo -LRB- D. , Ala. -RRB- , one of the members of the delegation ,] [rel says] [ARG1 0 he was particularly impressed *-1 by Mr. Krenz 's ready admission that East Germany needed *-2 to change] .
- [ARG0 Barbara Donovan , an expert on East Germany at Radio Free Europe in Munich ,] [rel says] [ARG1 0 Mr. Krenz may project a smooth image , but she doubts 0 he 's a true reformer] .
- `` [ARG1 He does n't have any honeymoon period] , '' [rel says] *T*-1 [ARG0 a Western diplomat based * in East Berlin] .
- `` [ARG1 Either he was n't being real in the past , or he is n't being real right now] , '' [rel says] [ARG0 a 30-year-old East German doctor] .
- [ARGM-DIS But] [ARG0 Messrs. Fleischmann and Pons] [rel said] [ARG1 0 their experiments also produced large amounts of heat] .
- [ARG0 Mr. Oriani] [rel said] [ARG1 0 his skepticism of the Utah claims was initially confirmed when his first experiments last spring failed *-2 to produce results *T*-1] .
- But he then borrowed a palladium rod from [ARG0 chemists] at Texas A&M who *T*-1 [rel said] [ARG1 0 they were getting excess heat] .
- `` [ARG1 The results were fascinating] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 When it was restarted *-1 *T*-2 , heat output `` really took off '' and produced excess heat for several hours before *-3 dying down] , [ARG0 he] [rel said] 0 *T*-4 .
- [ARGM-ADV * Typical of other experiments] , [ARG0 Mr. Oriani] [rel said] [ARG1 0 his experiment was `` very erratic] . ''
- [ARG0 Mr. Oriani] [rel said] [ARG1 0 the heat bursts were too large and too long 0 *-3 to be explained *-1 by the sudden release of energy that *T*-2 might have slowly accumulated during the experiments ' quiescent times , as some scientists have suggested] .
- `` [ARG1 There is a reality to the excess energy] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Other scientists] [rel said] [ARG1 0 they also were getting sporadic bursts of excess heat lasting several hours at a time] .
- [ARG1 The bursts] often occur , [ARG0 they] [rel said] 0 *T*-1 , after they `` perturbed '' the experiments by *-2 raising or lowering the amount of electric current being applied * , or switching the current off and on .
- [ARG0 He] [rel said] [ARG1 that within the past few days , he 's gotten evidence that there is a `` weak correlation '' between the time 0 the heat bursts occur *T*-1 and the production of tritium] .
- [ARG0 Shimson Gottesfeld of Los Alamos National Laboratory] [rel said] [ARG1 0 researchers there detected a burst of neutrons from an early cold fusion experiment last April but decided *-1 not to announce it until they could confirm it] .
- `` [ARG1 Newsprint and postage prices this year have not gone up] , '' [rel said] *T*-1 [ARG0 Peter R. Kann , president of Dow Jones] .
- [ARGM-ADV * Reflecting the impact of lower semiconductor prices and cuts in defense spending] , [ARG0 Texas Instruments Inc.] [rel said] [ARG1 0 third-quarter net income fell 31 % and sales dropped slightly from a year earlier] .
- `` [ARG1 We expect near-term sluggishness in the electronics market] , '' [ARG0 he] [rel said] *T*-3 , `` and we will take ongoing cost-reduction actions as necessary *-1 to keep operations aligned *-2 with demand . ''
- [ARGM-DIS Further] , [ARG0 he] [rel said] 0 *T*-1 , [ARG1 an internal reorganization 0 *T*-2 to combine several divisions into the Information Technology Group] is expected *-3 to affect fourth-quarter results by an undisclosed amount .
- [ARG0 Jerry Junkins , chairman , president and chief executive officer ,] [rel said] [ARG1 0 sluggish consumer-electronics sales reduced demand for semiconductors] .
- [ARG0 Lynch Corp.] [rel said] [ARG1 0 its Lynch Telephone Corp. subsidiary completed the acquisition of Western New Mexico Telephone Co. for $ 20 million *U* plus assumption of $ 24 million *U* of debt] .
- [ARG0 The company , which *T*-1 has interests in television , trucking services , and glass-making and food-processing equipment ,] [rel said] [ARG1 0 it plans *-2 to make other acquisitions in the telephone industry] .
- `` [ARG1 Bargain hunters believe that silver offers the best value amongst precious metals] , '' [rel says] *T*-1 [ARG0 Frederick R. Demler , analyst at Drexel Burnham Lambert Inc] .
- [ARG1 A further decline in prices will lead to mine production cuts in the U.S.] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 Silver prices could also be boosted *-1 by strikes in leading producing nations Peru and Mexico] , [ARG0 Mr. Demler] [rel says] 0 *T*-2 .
- [ARG1 Meanwhile , total fabrication demand for silver has risen six years in a row] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 Compared with huge annual surpluses of more than 100 million ounces in the first half of the 1980s , world silver supplies and consumption are now nearly in balance] , [ARG0 Mr. Demler] [rel says] 0 *T*-1 .
- `` [ARG1 There 's just too much silver around] , '' [rel says] *T*-1 [ARG0 Tom Butler , an analyst at Samuel Montagu & Co. , a London bullion house] .
- [ARG1 A huge silver stockpile at exchanges , refiners , consuming industries and government warehouses of at least 617 million ounces is the market depressant] , [rel says] 0 *T*-1 [ARG0 Shearson Lehman Hutton Inc.] [ARGM-LOC in a report] .
- [ARG1 This year alone , inventories at the Commodity Exchange of New York jumped `` by a staggering 46 million to 221 million ounces '' because of producer deliveries , de-stocking by fabricators and sales by disenchanted investors] , [rel says] 0 *T*-1 [ARG0 Rhona O'Connell , London-based precious metals analyst at Shearson Lehman Hutton] .
- `` [ARG1 Mr. Hunt 's attempt * to squeeze the silver market 10 years ago is still indirectly *-2 to blame *-3 for today 's market depression] , '' [rel says] *T*-1 [ARG0 Lesley Edgar , managing director of Sharps Pixley Ltd. , London bullion brokers] .
- `` [ARG1 Silver production is also in an inexorable upward trend] , '' [ARG0 Ms. O'Connell] [rel says] *T*-1 .
- [ARG1 Moreover , while Asian and Middle Eastern investors hoard gold and help *-2 underpin its price , silver does n't have the same mystique] , [ARG0 dealers] [rel say] 0 *T*-1 .
- [ARG1 Investors have gotten burned *-2 on silver so often that they are far more partial to gold] , [rel says] 0 *T*-1 [ARG0 Urs Seiler , senior vice president at Union Bank of Switzerland] .
- [ARG1 Yet if gold prices improve , silver prices could rally sharply] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 While some 100 million ounces of silver once held * by Mr. Hunt and Middle Eastern associates are n't hanging over the market anymore , the price surge of 1979-80 precipitated an expansion of mine production and scrap recovery and encouraged silver consumers to economize on silver use] , [ARG0 Mr. Edgar] [rel says] 0 *T*-2 .
- [ARG0 The Agriculture Department] [ARGM-DIS also] [rel said] [ARG1 that the number of fattened cattle slaughtered * in the quarter dropped by 5 % from the 1988 quarter , which *T*-1 was in line with projections by analysts] .
- [ARG0 Others] [rel said] [ARG1 that the drop continued the downward correction that *T*-1 's been due in the petroleum pits and that such a trend could well continue in the next several trading sessions] .
- [ARG0 A technical analyst] [rel said] [ARG1 0 there were a number of stop-loss orders under that level that *T*-1 were touched *-2 off when the contract 's price fell below it *T*-3] .
- `` [ARG1 In general , it was a bearish close] , '' [rel said] *T*-1 [ARG0 Ben Hanauer , a copper trader at Rudolph Wolff & Co. , a major commodities trading and brokerage firm] .
- [ARG1 But] whether this price break has implications for this week , [ARG0 he] [rel said] 0 *T*-2 , `` we will know more when the London Metal Exchange copper stock levels are released *-1 Monday morning *T*-3 . ''
- [ARG0 Another analyst] [rel said] [ARG1 0 he expected LME inventories to be down by about 15,000 tons when the weekly report is issued *-1 *T*-2] .
- [ARG0 Bernard Savaiko , senior commodities analyst at PaineWebber Inc. ,] [rel said] [ARG1 that when traders saw 0 the market was n't reacting positively to the forecasts of lower LME stocks *T*-1 , they perceived a bearish sign] .
- [ARG0 Mr. Savaiko] [rel said] [ARG1 0 he sees a possibility of the December contract dropping to $ 1.05 *U* a pound] .
- [ARG1 Japanese and U.S. photographic firms are beginning *-2 to produce electronic cameras and X-rays that *T*-1 do n't require silver] , [ARG0 dealers] [rel say] 0 *T*-3 .
- [ARG1 Silver 's history of volatility is also discouraging investors] , [ARG0 dealers] [rel say] 0 *T*-1 .
- [ARG1 Even in the present uncertain investment climate , investors are preferring `` quality assets '' such as Treasury bills and bonds to gold , silver and platinum] , [ARG0 dealers] [rel say] 0 *T*-1 .
- [ARG1 Although prices rallied briefly following the tumble on world stock markets earlier this month and the related decline of the dollar , precious metals are out of favor for the moment because of high interest rates and a determination *ICH*-1 by industrial nations * to curb inflation] , [ARG0 dealers] [rel say] 0 *T*-2 .
- [ARG0 Hewlett-Packard] [rel said] [ARG1 0 it will sell versions *ICH*-2 later next year that *T*-1 run on Sun Microsystems Inc. and Digital Equipment Corp. machines] .
- [ARG1 Applications wo n't have *-1 to be rewritten *-3 *-3 to work with Task Broker] , [ARG0 Hewlett-Packard] [rel said] 0 *T*-2 , and the user of a computer wo n't be able *-4 to tell that another machine is doing the work .
- [ARG1 The Task Broker `` turns that network into -- as far as the user is concerned *-1 -- one giant computer] , '' [rel said] 0 *T*-2 [ARG0 Bill Kay , general manager of Hewlett-Packard 's workstation group] .
- `` [ARG1 When elephants start *-1 fighting *T*-2 , ants get killed *-3] , '' [rel says] *T*-4 [ARG0 Murray Riese , co-owner of National Restaurants , a New York franchisee for Pizza Hut , Roy Rogers and other chains] .
- [ARG0 Joe Mack , a district manager for Cormack Enterprises Inc. , a Burger King operator in Omaha , Neb. ,] [rel says] [ARG1 0 discounting is so prevalent that `` we have *-1 to serve 15 % to 20 % *U* more customers '' * to keep sales level] .
- `` [ARG1 It 's almost as if you 're doing extra work *-1 to give away the food] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Alan D'Agosto , president of Panda 's Inc. , an operator of Arby 's restaurants in Omaha ,] [rel says] : `` [ARG1 All 0 we 're doing *T*-1 is * keeping the customers coming , but we are n't increasing sales] . ''
- With fast-food outlets on every corner , he , like many , does n't think 0 he has a choice in the price war : `` [ARG0 Our customers] [rel say] [ARG1 that they wo n't go into a fast-food store unless they get a coupon] . ''
- `` [ARG1 The industry is overbuilt] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 The National Restaurant Association] [rel says] [ARG1 0 quick-service restaurant units in the U.S. rose 14 % to 131,146 between 1983 and 1987 , the last year for which figures are available *T*-1] .
- `` [ARG1 McDonald 's has also been running *-2 negative all year] , '' [ARG0 the analyst] [rel says] *T*-1 .
- [ARG0 Jack Greenberg , executive vice president and chief financial officer of McDonald 's ,] [rel says] [ARG1 0 the company does n't compute , much less disclose , inflation-adjusted , same-store sales] .
- [ARG1 Profit margins at company-owned McDonald 's outlets in the U.S. `` are holding up quite nicely] , '' [rel says] *T*-1 [ARG0 Mr. Greenberg] .
- [ARG1 Big franchise groups `` can ride out the storm a lot longer] , '' [rel says] *T*-1 [ARG0 Mr. Harty , the Burger King operator in New York] .
- But [ARG1 once a franchisee agrees to a promotional program , the franchiser can demand full participation to the very end] , [rel says] 0 *T*-1 [ARG0 Lew Rudnick , a principal of Rudnick & Wolfe , a Chicago law firm with franchise industry clients] .
- [ARG0 He] [rel says] [ARG1 0 courts have held that antitrust considerations are outweighed *-1 in such cases by the need * to protect consumers from deceptive marketing] .
- [rel Says] [ARG1 *T*-1] [ARG0 Mr. Riese of National Restaurants] : `` If you resisted on prices , maybe you would never get that telephone call about a new franchise .
- [ARG1 The chains `` used *-1 to offer discounts during winter when business was slow *T*-2 , but in the last year or so , discounting has become a 12-month thing] , '' [rel says] 0 *T*-3 [ARG0 Donald Harty , president of Charisma Group Inc. , a New York franchisee of Grand Metropolitan PLC 's Burger King chain] .
- [ARGM-ADV Though Charisma 's sales are up slightly this year] , [ARG0 Mr. Harty] [rel says] [ARG1 0 profits will be flat or lower] .
- And [ARG0 Bill Konopnicki , a Safford , Ariz. , licensee of McDonald 's Corp. who *T*-1 is chairman of the company 's National Operators Advisory Board] , [rel says] [ARG1 0 some fast-food outlets `` could be in serious trouble , based on the amount of discounting that *T*-2 seems *-3 to be going on] . ''
- [ARG1 But early this year , PepsiCo Inc. 's Taco Bell unit and Wendy 's International Inc. slashed prices and stepped up promotions] , [rel says] 0 *T*-1 [ARG0 John Rohs , an analyst for Wertheim Schroder & Co] .
- [ARG0 CalMat Co.] [rel said] [ARG1 0 it completed a $ 32.8 million *U* sale of assets from its Los Angeles area real estate portfolio for net income of $ 12 million *U*] .
- [ARG0 CalMat] [rel said] [ARG1 0 the sale is part of its previously announced plan * to sell much of its real estate holdings *-1 to focus on its core business of * mining and producing asphalt , concrete , rock and sand] .
- `` [ARG1 Maybe three years ago , there were a lot of -LCB- Ty -RCB- Cobbs in the hobby , and awhile back there were Babe Ruth checks] , '' [rel says] *T*-1 [ARG0 Mr. Smalling] .
- `` [ARG1 I do n't think 0 the checks are worth $ 15 *U* apiece] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 I would say 0 he 's definitely not in need of money] , '' [rel says] *T*-1 [ARG0 Matt Merola , an agent of Mr. Jackson 's based * in New York] .
- `` [ARG0 I] [ARGM-MOD would] [rel say] [ARG1 0 he 's definitely not in need of money] , '' says *T*-1 Matt Merola , an agent of Mr. Jackson 's based * in New York .
- `` [ARG1 I assume 0 those accounts are closed] , '' [rel says] *T*-2 [ARG0 Mr. Smalling] , [ARGM-ADV *-3 referring to the accounts of the canceled checks] .
- [ARG0 Dealers] [rel say] [ARG1 0 the budding trade in Mr. Jackson 's canceled checks is unusual] .
- `` [ARG1 I do n't know of any living ballplayer that *T*-1 's ever done it] , '' [rel says] *T*-2 [ARG0 Jack Smalling , a dealer in Ames , Iowa , and a recognized expert in the field of baseball autographs] .
- `` [ARG1 For someone who *T*-1 has everything else -- Reggie 's jersey , cap and cards -- his checks might be a nice addition] , '' [rel says] *T*-3 [ARG0 William Vizas , owner of Bill 's Sports Collectibles in Denver , who *T*-2 examined the checks at the San Francisco card show] .
- [ARGM-DIS Indeed] , [ARG0 USX] [rel said] [ARG1 0 it expects the market for coated sheet steel to reach 12 million tons annually by 1992 , compared with 10.2 million tons shipped * in 1988] .
- [ARGM-TMP For the first eight months of 1989] , [ARG0 analysts] [rel say] [ARG1 0 shipments of hot-dipped galvanized steel increased about 8 % from a year earlier , while overall steel shipments were up only 2.4 %] .
- [ARG0 The company] [rel said] [ARG1 0 it does n't expect the new line 's capacity to adversely affect the company 's existing hot-dipped galvanizing lines] .
- [ARG1 The surge in production] , [ARG0 analysts] [rel say] 0 *T*-1 , raises questions about capacity outpacing demand .
- [ARG0 You] [ARGM-ADV just] call your broker and [rel say] `` [ARG1 * buy '' or `` sell] . ''
- [ARG0 Gregory Bessemer , who *T*-1 came in second in the stock division of the recently completed U.S. Trading Championship ,] [rel says] [ARG1 0 he uses fill-or-kill orders almost exclusively when * trading options *T*-2] .
- `` [ARG1 I like *-2 to use them *-3 to feel out the market] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 It] 's like * [rel saying] , `` [ARG1 * get me in now '' or `` get me out now] . ''
- `` [ARG1 Beta is only part of the risk in a stock] , '' [rel says] *T*-2 [ARG0 William F. Sharpe , the Stanford University emeritus professor who *T*-1 developed the measure] .
- `` Our fear was 0 [ARG0 people] [ARGM-MOD would] look just at the beta -LCB- of a gold fund -RCB- and [rel say] [ARG1 0 here is *T*-1 an investment with very low risk] , '' says John Markese , director of research for the Chicago-based group .
- `` [ARG1 Our fear was 0 people would look just at the beta -LCB- of a gold fund -RCB- and say 0 here is *T*-1 an investment with very low risk] , '' [rel says] [ARG0 John Markese , director of research for the Chicago-based group] .
- By *-1 retreating to the apparent security of , [rel say] , [ARG1 money-market funds] , investors may not be earning enough investment return * to pay for a comfortable retirement .
- `` [ARG1 That 's the biggest risk of all -- the risk of * not meeting your objectives] , '' [rel says] *T*-1 [ARG0 Steven B. Enright , a New York financial planner with Seidman Financial Services] .
- [ARGM-DIS As a result] , [ARG0 financial advisers] [rel say] [ARG1 0 they take several steps when * evaluating the riskiness of clients ' portfolios *T*-1] .
- `` [ARG1 They may feel emotionally secure now because they are not heavily in the stock market] , '' [rel says] *T*-1 [ARG0 John H. Cammack , a financial planner with Alexandra Armstrong Advisors Inc. in Washington] .
- [ARGM-ADV If you 're like most people] , [ARG0 you] [rel said] [ARG1 0 it 's a holding that *T*-2 goes completely sour -- maybe a bond that *T*-3 defaults or a stock whose value *T*-1 disappears in a bankruptcy proceeding] .
- `` [ARG1 People tend *-1 to see risk primarily on that one dimension] , '' [rel says] [ARG0 Timothy Kochis , national director of personal financial planning for accountants Deloitte , Haskins & Sells] .
- [ARG0 He] [ARGM-MNR correctly] [rel says] [ARG1 0 he has been down on Noriega for some time , hence his criticism of administration mishandling of the attempted coup] .
- Personal space -LRB- Figure 3 -RRB- has grown 35 % annually over the course of the decade , a performance that *T*-1 would compare positively with an investment in , [rel say] , [ARG1 synthetic-leather products for the interiors of cold-weather vehicles , which my cousin got into *T*-2 and sort of regrets *T*-2 to this day] .
- The assortment of expensive children 's toys that I have purchased *T*-2 wisely at a host of discount-toy brokerage firms -LRB- Figure 4 -RRB- has increased handsomely in total asset value far beyond any personal investment except , perhaps , for my record collection , whose worth , I think 0 [ARG0 it *EXP*-3] 's safe * to [rel say] [ARG1 *?*] , *T*-1 is incalculable .
- `` [ARG1 The industry is still pretty much in its Wild West days] , '' [rel says] *T*-1 [ARG0 Scott Stapf , director of investor education for the North American Securities Administrators Association] .
- [ARG1 What *T*-1 's more , the losses 0 they and the others caused *T*-3 `` are just what we are stumbling over *T*-2] , '' [rel says] 0 *T*-5 [ARG0 Mr. Stapf] , [ARGM-ADV *-4 adding that the majority of misdeeds probably go *-6 undetected] .
- [ARG1 For most investors `` the benefits just are n't worth the risks] , '' [rel says] 0 *T*-2 [ARG0 Barbara Roper , who *T*-1 follows financial-planning issues for the Consumer Federation of America , a consumer-advocacy organization based * in Washington] .
- [ARG0 She] [rel says] [ARG1 0 her group used *-2 to give tips on * selecting planners -- * check educational and experience credentials , consult regulators and Better Business Bureaus -- but found that even some people who *T*-1 took these steps `` were still getting ripped *-3 off] . ''
- `` [ARG1 It does n't take a rocket scientist *-2 to figure out our problem] , '' [rel says] *T*-1 [ARG0 Kathryn McGrath , director of the SEC 's division of investment management] .
- [ARG0 Mr. Schwartz , the puckish planner from Englewood , Colo. ,] [rel says] [ARG1 that * allowing the business to police itself would be `` like * putting Dracula in charge of the blood bank] . ''
- [ARGM-LOC In its notice of action] , [ARG0 the attorney general] [rel said] [ARG1 0 the company had promised *-1 to put clients into `` balanced '' investment portfolios] ; instead , the attorney general alleged 0 *T*-2 , the company consistently shoved unwary customers into high-risk investments in paintings , coins and Florida condos .
- [ARG0 Harry Manion , Mr. Sala 's attorney ,] [rel says] [ARG1 0 his client denies any wrongdoing] and adds that the attorney general 's contentions about First Meridian 's business practices are incorrect .
- The other suit was filed *-3 by two men in a dispute over $ 100,000 *U* investments 0 [ARG0 each] [rel says] [ARG1 0 he made *T*-1 with Mr. Peterson as part of an effort * to purchase the Bank of Scottsdale in Scottsdale , Ariz] .
- [ARG1 *T*-1 Wearing a business suit and western-style hat and boots , he opened up his briefcase and dumped $ 1 million *U* in cash on a table in front of the directors] , [rel says] 0 *T*-2 [ARG0 Myron Diebel , the bank 's president] .
- `` [ARG0 He] [rel said] [ARG1 0 he wanted * to show the color of his money] , '' recalls *T*-1 Mr. Diebel .
- [ARG0 Mr. Peterson] declines *-1 to comment on specific allegations in the two suits , *-1 [rel saying] [ARG1 0 he prefers *-2 to save such responses for court] .
- [ARGM-DIS But] [ARG0 he] does [rel say] [ARG1 that all of his activities have been `` entirely proper] . ''
- [ARGM-ADV On the suit by the limited partners] , [ARG0 he] [rel says] [ARG1 0 he is considering a defamation suit against the plaintiffs] .
- [ARGM-ADV Rearding the suit over the bank bid] , [ARG0 Mr. Peterson] [rel says] [ARG1 0 it is filled *-1 with `` inflammatory language and half truths] . ''
- [ARG0 Mr. Peterson] [rel says] [ARG1 0 the suits against him are less a measure of his work than they are a `` sign of the times '' in which people generally are more prone * to sue *T*-1] .
- `` [ARG1 I do n't know anybody in the industry who *T*-1 has n't experienced litigation] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Mr. Peterson] [ARGM-DIS also] [rel says] [ARG1 0 he does n't consider himself a financial planner anymore] .
- `` [ARG1 One reason 0 they use Newport Beach *T*-1 is that it sounds swankier than most addresses] , '' [rel says] *T*-2 [ARG0 David Katz , a U.S. attorney who , until recently , *T*-3 headed a multi-agency Southern California fraud task force] .
- `` [ARG1 I 've heard that there is $ 40 billion *U* taken * in nationwide by boiler rooms every year] , '' [ARG0 Mr. McClelland] [rel says] *T*-1 .
- [ARG0 Douglas Jones , an attorney representing Richard O. Kelly Sr. , the chairman and president of Capital Trust ,] [rel says] [ARG1 0 his client denies that there was any attempt * to defraud investors] .
- `` [ARG1 There] were some business deals that *T*-1 went bad , '' [ARG0 Mr. Jones] [rel says] *T*-2 , `` but no intent * to defraud . ''
- [ARG1 But] , [rel says] 0 *T*-1 [ARG0 Mr. Katz , the U.S. attorney] , `` the interesting thing about Newport Beach operations is that they give themselves the indulgence of beautiful offices , with plush furnishings .
- `` [ARG1 It *ICH*-3 's amazing the amount of money that *T*-1 goes up their nose , out to the dog track or to the tables in Las Vegas] , '' [ARG0 Mr. Katz] [rel says] *T*-2 .
- [ARG0 Law-enforcement authorities] [rel say] [ARG1 that at any given time , a host of fraudulent telemarketing operations mingle with the many legitimate businesses here] .
- `` [ARG1 They seem *-3 to like these industrial parks] , '' [rel says] *T*-2 [ARG0 Kacy McClelland , a postal inspector who *T*-1 specializes in mail fraud] .
- [ARG0 Still others] [rel say] , [ARG1 Why * not take a chance on a high-octane growth fund *T*-1 ?]
- `` [ARG1 You 're not going *-2 to make it in a 5 % bank account] , '' [rel says] *T*-1 [ARG0 James Riepe , director of mutual funds at T. Rowe Price] .
- `` [ARG1 People are basically peddling a lot of fear] , '' [rel says] *T*-1 [ARG0 Arthur Hauptman , a consultant to the American Council on Education in Washington] .
- [ARGM-TMP Now] , [ARG0 investment salesmen] [rel say] [ARG1 0 it 's time 0 * to take some risks *T*-2 if you want the kind of returns that *T*-1 will buy your toddler a ticket to Prestige U. in 18 years] .
- [ARG1 Still] , [ARG0 he] [rel says] 0 *T*-1 , `` it 's no bad thing '' if all the marketing prods people into *-2 putting aside a little more .
- `` [ARG1 The situation 0 you want *-1 to avoid *T*-2 is * having somebody not save anything and hope 0 they 'll be able *-4 to do it out of current income] , '' [ARG0 he] [rel says] *T*-3 .
- [ARG1 Parents] , [ARG0 he] [rel says] 0 *T*-1 , should aim at whatever regular investment sum they can afford *T*-2 .
- [ARGM-DIS But] [ARG0 Richard Anderson , head of the Forum for College Financing Alternatives , at Columbia University , a research group partly financed * by the federal government ,] [rel says] [ARG1 0 zeros are particularly ill-suited] .
- `` [ARG1 I 'm not sure 0 they 're going *-2 to make it work] , '' [rel says] *T*-1 [ARG0 Mr. Anderson] .
- [ARG0 The state] [rel says] [ARG1 0 there 's no worry -- investment returns , combined * with fees and the gains from unused plans , will provide all the cash 0 it needs *T*-1] .
- [ARG1 Small businesses in general account for almost 40 % of unreported personal income] , [ARG0 the IRS] has [rel said] 0 *T*-1 .
- In most cases , the IRS says 0 *T*-1 , these projects are local or regional , rather than national , and arise because auditors in an area detect some pattern of abuse among , [rel say] , [ARG1 factory workers claiming that * having a multitude of dependents frees them from tax withholding or yacht owners deducting losses from sideline charter businesses] .
- [ARG1 It prompted an IRS study that *T*-1 found 0 many sellers were concealing income and treating large amounts of nondeductible travel and other personal expenses as business costs] , [ARG0 Mr. Washburn] [rel says] 0 *T*-2 .
- [ARG1 But many others , who *T*-1 want *-3 to qualify for employee benefits and unemployment compensation , become tipsters for the IRS] , [rel says] 0 *T*-4 [ARG0 Jerry Lackey , who *T*-2 manages the IRS project 's force of nine agents in north and central Florida from Orlando] .
- [ARG1 Firms that *T*-1 are paying employment taxes also provide leads to competitors that *T*-2 are n't *?*] , [ARG0 he] [rel says] 0 *T*-3 .
- [ARG1 Soon *-3 to feel the glare of attention are *T*-2 lawyers elsewhere in the state , doctors , dentists , and accountants] , [rel says] [ARG0 Frederick G. Hicks , director of the tax-department division that *T*-1 develops the computer-matching programs] .
- `` [ARG1 These people are very skilled at * finding out what *T*-1 makes a person tick] , '' [rel says] *T*-2 [ARG0 Kent Neal , chief of the economic-crime unit of the Broward County State Attorney 's Office in Fort Lauderdale , Fla. , a major haven for boiler rooms] .
- `` [ARG1 There 's a definite psychology of the sale and different personalities 0 you pitch *T*-1 different ways] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 Everyone is vulnerable] , '' [rel says] *T*-1 [ARG0 Charles Harper , associate regional administrator for the Securities and Exchange Commission in Miami] .
- `` [ARG1 The overnight success story is part of our culture , and our society puts an emphasis on it with lotteries and Ed McMahon making millionaires out of people] , '' [rel says] *T*-1 [ARG0 Michael Cunningham , an associate professor of psychology at the University of Kentucky in Louisville] .
- [ARG0 The owner of the company , Stephen Smith , who *T*-1 has since pleaded guilty to state and federal fraud charges] , confided to investors that he had a secret agreement with Amoco Oil Co. and [rel said] [ARG1 0 the location of his wells was confidential] , according to a civil suit filed * in a Florida state court by the Florida comptroller 's office .
- [ARG1 Such schemes] , [rel says] 0 *T*-1 [ARG0 Tony Adamski , chief of the financial-crimes unit of the Federal Bureau of Investigation in Washington , D.C.] , appeal to investors ' `` desire * to believe 0 this is really true and that they are part of a chosen group being given * this opportunity . ''
- [ARG1 At times , salesmen may embellish the inside information with `` the notion that this is some slightly shady , slightly illegal investment 0 the person is being included *-1 in *T*-3] , '' [rel says] 0 *T*-2 [ARG0 Mr. Cunningham] .
- `` [ARG1 Once people got into it , I was allowing them to live a dream] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 He phoned them with updates on the investment , such as `` funny things that *T*-1 happened at the well that week] , '' [ARG0 he] [rel says] 0 *T*-2 .
- [ARG0 He] [rel says] [ARG1 0 he has quit the business and is back in school , *-1 majoring in psychology with aspirations * to go into industrial psychology] . -RRB-
- `` [ARG1 The trappings of success *ICH*-1 go a long way -- * wearing the right clothes , doing the right things] , '' [rel says] *T*-2 [ARG0 Paul Andreassen , an associate professor of psychology at Harvard] .
- `` [ARG1 People honestly lose money on risky investments that they did n't realize 0 *T*-2 were a crapshoot] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Paul Wenz , a Phoenix , Ariz. , attorney ,] [rel says] [ARG1 0 a promise of unrealistic returns would have made him leery] .
- [ARGM-DIS But] [ARG0 Mr. Wenz , who *T*-1 says 0 he lost $ 43,000 *U* in one precious-metals deal and $ 39,000 *U* in another ,] [rel says] [ARG1 0 a salesman `` used a business-venture approach '' with him , *-4 sending investment literature , a contract limiting the firm 's liability , and an insurance policy] .
- But [ARG0 Mr. Wenz] , who *T*-1 [rel says] [ARG1 0 he lost $ 43,000 *U* in one precious-metals deal and $ 39,000 *U* in another] , says 0 a salesman `` used a business-venture approach '' with him , *-4 sending investment literature , a contract limiting the firm 's liability , and an insurance policy .
- [ARG1 When he visited the company 's office *T*-1] , [ARG0 he] [rel says] 0 *T*-2 , it had `` all the trappings of legitimacy . ''
- [ARG1 Still others are stung *-1 by a desire * to do both well and good] , [rel says] 0 *T*-2 [ARG0 Douglas Watson , commanding officer of the Los Angeles Police Department 's bunko-forgery division] .
- [ARG0 Psychologists] [rel say] [ARG1 0 isolated people who *T*-1 do n't discuss their investments with others are particularly at risk for fraud] .
- [ARG0 William Lynes , a retired engineer from Lockheed Corp. ,] [rel says] [ARG1 0 he and his wife , Lily , warmed to the investment pitches of a penny-stock peddler from Stuart-James Co. in Atlanta after the broker told them 0 he , too , had once worked with Lockheed] .
- [ARG0 They] [rel say] [ARG1 0 the broker took them out for lunch frequently] .
- -LRB- [ARG0 Donald Trinen , an attorney for the penny-brokerage firm ,] denies the fraud allegations and [rel says] [ARG1 0 the Lyneses were fully apprised *-1 that they were pursuing a high-risk investment] . -RRB-
- `` [ARG1 It *EXP*-1 's not uncommon for these guys to send pictures of themselves or their families *-3 to ingratiate themselves to their clients] , '' [rel says] *T*-2 [ARG0 Terree Bowers , chief of the major-frauds section of the U.S. attorney 's office in Los Angeles] .
- [ARG0 Experts] [rel say] [ARG1 that whatever a person 's particular weak point , timing is crucial] .
- `` [ARG1 Sometimes when people are making big changes , retiring from their jobs , moving to a new area *T*-2 , they lose their bearings] , '' [rel says] *T*-3 [ARG0 Maury Elvekrog , a licensed psychologist who *T*-1 is now an investment adviser and principal in Seger-Elvekrog Inc. , a Birmingham , Mich. , investment-counseling firm] .
- [ARG1 Almost all of us in comparable circumstances might be victimized *-1 in some way] , '' [rel says] *T*-2 [ARG0 Jerald Jellison , a psychology professor at the University of Southern California in Los Angeles] .
- `` [ARG1 We were saving up *-1 to buy a house , and my wife was pregnant] , '' [rel says] *T*-2 [ARG0 Mr. Cortese] .
- `` [ARG1 Maybe it was just a vulnerable time] , '' [rel says] *T*-1 [ARG0 Mr. Cortese] .
- [ARG0 Amex] [rel said] [ARG1 0 it would charge me $ 576 *U* a year for $ 100,000 *U* of coverage -- and would pay me back all the premiums 0 I put *T*-1 in if I canceled the policy after 10 years] .
- However , Monarch Capital Corp. of Springfield , Mass. , has developed a `` combination plan '' of annuity and insurance coverage that [ARG0 it] [rel says] [ARG1 0 *T*-1 does not violate the new regulations and that *T*-1 allows policy loans without tax consequences] .
- [ARG1 Companies `` are n't comfortable *-1 playing these games , but they realize 0 they 're under pressure * to make their policies look good] , '' [rel says] 0 *T*-2 [ARG0 Timothy Pfiefer , an actuarial consultant at Tillinghast , a unit of Towers Perrin Co. , the big New York consulting firm] .
- [ARG1 Yes] , [ARG0 he] [rel says] 0 *T*-4 , premiums on such variable-rate coverage can be structured *-2 *-3 to `` vanish '' after a certain period -- but usually only if interest rates stay high enough * to generate sufficient cash 0 *T*-1 to cover the annual cost of insurance protection .
- [ARGM-DIS Also] , [ARG0 financial planners advising on insurance] [rel say] [ARG1 that to their knowledge there has not yet been a tax ruling exempting these advance payments from taxes] .
- And considering the extra cost of such provisions , some figure that people interested in , [rel say] , [ARG1 * paying for extended nursing-home care] would be better off *-2 just buying a separate policy that *T*-1 provides it .
- [ARG1 Rorer Group Inc. will report that third-quarter profit rose more than 15 % from a year earlier , though the gain is wholly due to asset sales] , [ARG0 Robert Cawthorn , chairman , president and chief executive officer ,] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the company is still looking for `` a strong fourth quarter in all areas -- sales , operating income and net income] . ''
- [ARG0 He] [rel said] [ARG1 0 Rorer opted *-1 to sell Asilone and Thrombinar *-2 to raise revenue that *T*-3 would `` kick start '' its increased marketing efforts behind Maalox , still its top-selling product with about $ 215 million *U* in world-wide sales in 1988] .
- `` [ARG1 We] had underfunded Maalox for a year , '' [ARG0 he] [rel said] 0 *T*-1 , because the company was concentrating on research and development and * promoting other drugs .
- [ARG0 He] [rel said] [ARG1 0 Rorer will spend $ 15 million to $ 20 million *U* more *ICH*-1 on Maalox advertising and promotion in the second half of 1989 than in the year-earlier period] .
- [ARG1 A `` big chunk '' of that additional spending came in the third quarter] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Mr. Cawthorn] [rel said] [ARGM-LOC in an interview] [ARG1 that sales will show an increase from a year ago of `` somewhat less than 10 %] . ''
- [ARG0 Mr. Cawthorn] [rel said] [ARG1 0 the profit growth in the latest quarter was due to the sale of two Rorer drugs] .
- [ARG0 He] [rel said] [ARG1 0 Rorer sold the drugs for `` nice prices '' and will record a combined , pretax gain on the sales of $ 20 million *U*] .
- [ARG1 As the gain from the sales indicates , operating profit was `` significantly '' below the year-earlier level] , [ARG0 Mr. Cawthorn] [rel said] 0 *T*-1 .
- [ARG0 Hoechst AG] [rel said] [ARG1 0 it will stop *-1 producing fertilizer in 1990 because of continued losses and a bleak outlook] .
- [ARG0 The West German chemical concern] [rel said] [ARG1 0 it will close the last remaining fertilizer plant in Oberhausen in the fall of next year] .
- [ARG0 Hoechst] [rel said] [ARG1 0 the fertilizer market faces overcapacity in Western Europe , rising imports from East bloc countries and overseas , and declining demand] .
- [ARG0 HomeFed Corp.] [rel said] [ARG1 0 its main subsidiary , Home Federal Savings & Loan , converted from a federal savings and loan to a federal savings bank and changed its name to HomeFed Bank] .
- [ARG1 The federal Office of Thrift Supervision approved the conversion last Friday] , [ARG0 HomeFed] [rel said] 0 *T*-1 .
- [ARG1 The change in charter does n't alter the federal insurance of deposits , federal regulatory powers or company operations] , [ARG0 a spokesman] [rel said] 0 *T*-1 .
- [ARG1 The euphoria was such that investors responded to good earnings reports of companies such as American Express , while *-1 ignoring the disappointing profits of companies such as Caterpillar] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARG1 Stock-index arbitrage trading was a minor influence in yesterday 's rally] , [ARG0 traders] [rel said] 0 *T*-1 .
- `` [ARG1 That 's put some oomph back into this market] , '' [rel said] *T*-1 [ARG0 Peter VandenBerg , a vice president of equity trading at Shearson Lehman Hutton] .
- [ARGM-DIS Indeed] , [ARG0 many traders] [rel said] [ARG1 that uncertainty about today 's monthly expiration of stocks-index futures and options , and options on individual stocks , prompted a lot of buying by speculative traders who *T*-1 were unwinding positions that *T*-2 were bets on declining stock prices] .
- `` [ARG1 There has been a tremendous increase '' in MMI positions] , [ARG0 Mr. Selkin] [rel said] 0 *T*-1 .
- [ARG0 IMA Acquisition , an investor group that *T*-1 includes First Boston and the Pritzker family of Chicago ,] [rel said] [ARG1 0 Chemical Bank had made arrangements for 23 other banks to provide $ 509 million *U* in bank financing for the buy-out offer] .
- [ARG0 Investor Robert M. Gintel , who *T*-1 owns a 4.7 % stake in the company ,] [rel said] [ARG1 0 he plans a proxy fight for control of its board] .
- On the other hand , Symbol Technologies dropped 1 1\/4 to 18 1\/2 after Shearson Lehman Hutton lowered its short-term investment rating on the stock and its 1989 earnings estimate , and Commodore International fell 7\/8 to 8 after [ARG0 the company] [rel said] [ARG1 0 it expects *-1 to post a loss for the September quarter] .
- [ARG0 The company] [rel said] [ARG1 0 six officers are buying a total of $ 1.5 million *U* of its stock] .
- [ARG0 Traders] [rel said] [ARG1 0 a variety of factors triggered the rally] .
- `` [ARG1 We can support the American flag without *-2 changing the American Constitution] , '' [rel said] *T*-1 [ARG0 Senate Majority Leader George Mitchell of Maine] .
- Mr. Bush said 0 he would allow the bill to become law without his signature , because [ARG0 he] [rel said] [ARG1 0 only a constitutional amendment can protect the flag adequately] .
- [ARG0 Mr. Bush] [rel said] [ARG1 0 he would allow the bill to become law without his signature , because he said 0 only a constitutional amendment can protect the flag adequately] .
- In June , [ARG0 the Supreme Court] threw out the conviction of a Texas man who *T*-2 set a flag afire during a 1984 demonstration , *-4 [rel saying] [ARG1 0 he was `` engaging in political expression '' that *T*-3 is protected *-1 by the First Amendment] .
- `` [ARG1 We hope *-1 to sensitize employers '' to recognize the problems so they can do something about them] , [ARG0 Dr. Warshaw] [rel said] 0 *T*-2 .
- [ARG1 The disorders , which 20 years ago *T*-2 struck middle-age and older people , `` now strike people at the height of productivity] , '' [rel says] 0 *T*-3 [ARG0 Robert M.A. Hirschfeld , of the National Institute of Mental Health , who *T*-1 spoke at the presentation of the study 's findings] .
- The poll showed that company size had a bearing on a manager 's view of the problem , with [ARG0 65 % of those in companies of more than 15,000 employees] [rel saying] [ARG1 0 stress-related problems were `` fairly pervasive ''] and 55 % of those in companies with fewer than 4,000 employees agreeing .
- The study , which *T*-1 received funding from Upjohn Co. , which *T*-2 makes several drugs 0 *T*-3 to treat stress-related illnesses , also found 0 [ARG0 47 % of the managers] [rel said] [ARG1 0 stress , anxiety and depression contribute to decreased production] .
- `` [ARG1 We all like stress , but there 's a limit] , '' [rel says] *T*-1 [ARG0 Paul D'Arcy , of Rohrer , Hibler & Replogle , a corporate psychology and management consulting firm] .
- [ARG1 The problem] , [rel says] 0 *T*-1 [ARG0 Mr. D'Arcy , a psychologist ,] is that `` it *EXP*-2 's very hard * to get any hard measures on how stress affects job performance *T*-3 .
- [ARG1 The stress study was undertaken *-1 because problems related to stress `` are much more prevalent than they seem *?*] , '' [rel said] 0 *T*-2 [ARG0 Leon J. Warshaw , executive director of the business group] .
- `` [ARG1 They 're trying *-1 to keep planes flying on days 0 they 'd normally park them *T*-2] , '' [rel says] [ARG0 Roger Bard , president of Mr. Mitchell Travel Service in Burnsville , N.C] .
- `` [ARG1 What a bunch of nonsense] , '' [rel says] *T*-1 [ARG0 Jessica Crosby , president of the New York chapter of the National Association of Women Business Owners] .
- `` [ARG1 We accommodate their choice of names by *-1 allowing them to demonstrate '' family affiliation with legal documents] , [rel says] 0 *T*-2 [ARG0 Jim O'Donnell , a senior vice president] .
- `` [ARG1 It 's certainly discrimination] , '' [rel says] [ARG0 attorney Evan Wolfson , whose group *T*-1 forced Trans World Airlines this year *ICH*-3 to change a rule that *T*-2 allowed travelers to transfer frequent flier awards only to family members] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Michele Hoffman , a clerk in the resort 's front office] : `` We do n't have the outdoor pool , the pool table , ping pong table , snack bar or VCR , but we still have the indoor pool and Jacuzzi . ''
- [ARG1 Next month] , [ARG0 Northwest Airlines] [rel says] , a 108-year-old Lansing , Mich. , woman is taking it up on the offer *-1 to fly with her 72-year-old son to Tampa , Fla .
- [ARG0 The British Petroleum Co. PLC] [rel said] [ARG1 0 its BP Exploration unit has produced the first oil from its Don oilfield in the North Sea] .
- [ARGM-LOC In an official release] , [ARG0 BP] [rel said] [ARG1 0 initial production from the field was 11,000 barrels a day , and that it expects peak output from the field of 15,000 barrels a day to be reached *-2 in 1990] .
- `` [ARG1 You 've got some minds here that *T*-1 wo n't think progressively] , '' [ARG0 he] [rel says] *T*-2 .
- Now his half-dozen employees work in an eighth-floor shop that [ARG0 he] [rel says] [ARG1 0 *T*-1 is smaller than his old storage room] .
- [ARG0 Jindo Furs , a large South Korean maker ,] [rel says] [ARG1 0 it operates 35 retail outlets in the U.S. and plans *-1 to open 15 more by the end of next year] .
- [ARG0 High-end U.S. furriers] [rel say] [ARG1 0 these imports have n't squeezed them] .
- [ARGM-DIS But] [ARG0 low-priced and middle-priced furriers like Mr. Purnick , who *T*-1 once saturated the five-block Seventh Avenue fur district ,] [rel say] [ARG1 0 imports have cut their sales] .
- [ARG0 He] [ARGM-DIS also] [rel says] [ARG1 0 he is losing money now] .
- [ARG1 * To maintain control over production and avoid overdependence on foreign sources] , [ARG0 he] [rel says] 0 he still makes most of his furs in the U.S. .
- [ARG0 He] [rel says] [ARG1 0 it accounts for 25 % of total sales] .
- [ARGM-LOC In other moves] , [ARG0 Mr. Rosen] [rel says] [ARG1 0 he bought a truck three years ago *-1 to reach more retailers] .
- `` [ARG1 The intensive labor needed * * to manufacture furs -LCB- in the U.S. . -RCB- is not as available as it was *?*] , '' [rel says] *T*-2 [ARG0 Mr. Schreibman , who *T*-1 is starting overseas production] .
- `` [ARG1 People are promoting furs in various ways and taking the glamour out of the fur business] , '' [rel says] [ARG0 Stephen Sanders , divisional merchandise manager for Marshall Field 's department store in Chicago] .
- `` [ARG1 The small , good fur salon is not what it used *-2 to be *T*-1] , '' [rel says] *T*-3 [ARG0 Mr. Purnick , 75 years old] .
- [ARG1 Four workers at GTE Corp. 's headquarters have been diagnosed *-1 as *-2 having hepatitis , and city health officials are investigating whether a cafeteria worker may have exposed hundreds of other GTE employees to the viral infection] , [ARG0 company and city officials] [rel said] 0 *T*-3 .
- [ARG1 GTE officials began *-1 posting warning notices about the potential threat to exposure *ICH*-2 Wednesday morning at various places at the company] , [rel said] 0 *T*-3 [ARG0 GTE spokesman Thomas Mattausch] .
- [ARG1 The company has begun *-3 offering shots of gamma globulin , which *T*-1 will diminish the flu-like symptoms of hepatitis A , in anyone who *T*-2 has contracted the disease] , [ARG0 Mr. Mattausch] [rel said] 0 *T*-4 .
- [ARG1 GTE shut down its cafeteria Tuesday afternoon after testing determined that at least one cafeteria worker employed * by GTE 's private food vending contractor , ARA Services Inc. , was suffering from a strain of the virus] , [ARG0 officials] [rel said] 0 *T*-1 .
- [ARG0 Dr. Andrew McBride , city health director ,] [rel said] [ARG1 0 his staff suspects 0 the hepatitis , which *T*-2 can be highly contagious , was spread *-1 by the cafeteria worker with the virus] .
- [ARG1 The exact strain of hepatitis that the cafeteria worker contracted *T*-1 has n't been determined *-3 but should be known *-3 by the end of the week] , [ARG0 Dr. McBride] [rel said] 0 *T*-2 .
- [ARG1 Hepatitis A , considered * the least dangerous strain of the virus , has been confirmed *-1 in at least one GTE employee] , [ARG0 company and city officials] [rel said] 0 *T*-2 .
- `` [ARG1 From a public health point of view we 're relieved because hepatitis A is rarely life-threatening] , '' [rel said] *T*-1 [ARG0 Dr. Frank Provato , GTE 's medical director] .
- [ARG0 He] added that `` there 's no quick-fix solution '' to the economic woes , and [rel said] [ARG1 0 `` tight monetary policy is the right approach] . ''
- [ARG0 He] [rel said] [ARG1 0 he monitors the money-supply figures , but does n't give them paramount importance , as some private and government economists have suggested 0 *?*] .
- `` [ARG1 We think 0 the worst is over '' in the European information-technology market] , [ARG0 she] [rel said] 0 *T*-1 .
- `` [ARG1 It 's the missing link '' in Olivetti 's product line between small personal computers and higher-priced minicomputers] , [ARG0 the Olivetti spokesman] [rel said] 0 *T*-1 .
- [ARG0 An Olivetti spokesman] [rel said] [ARG1 0 the company 's factories are already beginning *-1 to produce the machine , and that it should be available in Europe by December] .
- `` [ARG1 What this means *T*-1 is that Europeans will have these machines in their offices before Americans do *?*] , '' [ARG0 the spokesman] [rel said] *T*-2 .
- [ARG1 The new chip `` is a very big step in computing , and it *EXP*-1 is important that Olivetti be one of the first out on the market with this product] , '' [rel said] 0 *T*-2 [ARG0 Patricia Meagher Davis , an analyst at James Capel & Co. in London] .
- [ARG0 Ms. Davis] [rel said] [ARG1 0 the new machines could steal some sales away from Olivetti 's own minicomputers , but would bring new sales among professionals such as engineers , stockbrokers and medical doctors] .
- [ARG0 Viatech Inc.] [rel said] [ARG1 0 it received approval *ICH*-1 from the French government for its proposed $ 44.7 million *U* acquisition of Ferembal S.A] .
- [ARG1 Medical-supply houses are expected *-1 to report earnings increases of about 15 % on average for the third quarter , despite sales increases of less than 10 %] , [ARG0 analysts] [rel say] 0 *T*-2 .
- [ARG0 C.R. Bard Inc.] [ARGM-TMP yesterday] [rel said] [ARG1 0 third-quarter net plunged 51 % to $ 9.9 million *U* , or 18 cents a share , from $ 20 million *U* , or 35 cents a share , a year earlier] .
- [ARG0 The Murray Hill , N.J. , company] [rel said] [ARG1 0 full-year earnings may be off 33 cents a share because the company removed a catheter from the market] .
- [ARG1 Takeover speculation , which *T*-1 has been buoying stocks of supply houses , may also ease] , [rel says] 0 *T*-2 [ARG0 Peter Sidoti , an analyst with Drexel Burnham Lambert Inc] .
- `` [ARG1 As that wanes , you 're going *-1 to see the stocks probably wane as well] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Analysts] [rel say] [ARG1 0 the handful of hospital companies that *T*-1 are still publicly traded *-2 are benefiting from several trends] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Todd Richter , an analyst with Dean Witter Reynolds] : `` The shakeout in the publicly traded companies is over .
- [ARG1 The Franklin Lakes , N.J. , company is expected *-1 to report sales growth of only 5 % to 6 % *U* , but should still maintain earnings growth of 10 %] , [rel says] 0 *T*-2 [ARG0 Jerry E. Fuller , an analyst with Duff & Phelps Inc] .
- [ARGM-ADV *-2 Among the first of the group 0 *T*-1 to post results] , [ARG0 Abbott Laboratories] [rel said] [ARG1 0 third-quarter net income jumped 14 % to $ 196 million *U* , or 88 cents a share , from $ 172 million *U* , or 76 cents a share , a year earlier] .
- [ARG1 Initial claims for regular state unemployment benefits rose to a seasonally adjusted 396,000 during the week ended Oct. 7 from 334,000 the previous week] , [ARG0 the Labor Department] [rel said] 0 *T*-1 .
- [ARG0 A Labor Department spokesman] [rel said] [ARG1 0 the unusually high number of initial claims for state unemployment benefits reflects the impact of Hurricane Hugo on southern states , particularly North Carolina and South Carolina] .
- [ARG1 The figure also may reflect initial claims filed * by striking Nynex Corp. workers who *T*-1 have become eligible for unemployment benefits] , [ARG0 the official] [rel said] 0 *T*-2 .
- `` [ARG1 Until the new mainframe products kick in , there wo n't be a lot of revenue contribution at the high end , and that 's hurt us] , '' [rel said] *T*-1 [ARG0 Mark Steinkrauss , Digital 's director of investor relations] .
- [ARG0 He] [rel said] [ARG1 0 unfavorable currency translations were also a factor in the quarter] .
- [ARGM-ADV Although the second-largest computer maker had prepared Wall Street for a poor quarter] , [ARG0 analysts] [rel said] [ARG1 0 they were troubled *-1 by signs of flat U.S. orders and a slowdown in the rate of gain in foreign orders] .
- [ARGM-DIS But] [ARG0 analysts] [rel said] [ARG1 that against the backdrop of a nearly 40-point rise in the Dow Jones Industrial Average , that should n't necessarily be taken *-1 as a sign of great strength] .
- `` [ARG1 I think 0 the next few quarters will be difficult] , '' [rel said] *T*-1 [ARG0 Steven Milunovich of First Boston] .
- '' [ARG0 Mr. Milunovich] [rel said] [ARG1 0 he was revising his estimate for DEC 's current year from $ 8.20 *U* a share to `` well below $ 8 *U* , '' although he has n't settled on a final number] .
- [ARG1 One troubling aspect of DEC 's results] , [ARG0 analysts] [rel said] 0 *T*-1 , was its performance in Europe .
- [ARG0 DEC] [rel said] [ARG1 0 its overseas business , which *T*-1 now accounts for more than half of sales , improved in the quarter] .
- `` [ARG1 That was a disappointment '' and a sign of overall computer-market softness in Europe] , [ARG0 Mr. Stevens] [rel said] 0 *T*-1 .
- [ARG1 Although overall revenues were stronger] , [ARG0 Mr. Schulman] [rel said] 0 *T*-1 , DEC `` drew down its European backlog '' and had flat world-wide orders overall .
- `` [ARG1 The bottom line is that it 's more hand to mouth than it has been *?* before] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Schulman] [rel said] [ARG1 0 he believes that the roll-out of DEC 's new mainframe will `` occur somewhat more leisurely '' than many of his investment colleagues expect 0 *?*] .
- [ARG0 He] [rel said] [ARG1 0 current expectations are for an entry level machine to be shipped *-2 in December , with all of the more sophisticated versions out by June] .
- [ARGM-CAU For reasons 0 he would n't elaborate on *T*-2] , [ARG0 he] [rel said] [ARG1 0 he 's sure 0 that schedule wo n't be met *-1 , * meaning less profit impact from the product for DEC in the next few quarters] .
- [ARG0 Digital] [rel said] [ARG1 0 a shift in its product mix toward low-end products and strong growth in workstation sales yielded lower gross margins] .
- [ARG0 A spokesman] [ARGM-DIS also] [rel said] [ARG1 0 margins for the company 's service business narrowed somewhat because of heavy investments made * in that sector] .
- [ARG0 Colgate] [rel said] [ARG1 0 net income for the quarter rose to $ 76.7 million *U* , or $ 1.06 *U* a share , on sales that *T*-1 increased 6 % to $ 1.3 billion *U*] .
- [ARG0 Analysts] [rel say] [ARG1 0 the earnings improvement came from * cutting costs rather than increasing sales] .
- [ARG1 The move is part of a drive 0 *T*-1 to increase Colgate 's business with dentists] , [ARG0 a company spokeswoman] [rel said] 0 *T*-2 .
- [ARG0 Reuben Mark , chairman and chief executive officer of Colgate ,] [rel said] [ARG1 0 earnings growth was fueled *-1 by strong sales in Latin America , the Far East and Europe] .
- [ARG1 Results were also bolstered *-1 by `` a very meaningful increase in operating profit at Colgate 's U.S. business] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 Operating profit at Colgate 's U.S. household products and personal care businesses , which *T*-1 include such well-known brands as Colgate toothpaste and Fab laundry detergent , jumped more than 40 %] , [ARG0 the company] [rel said] 0 *T*-2 .
- `` [ARG1 We 've done a lot *-2 to improve -LRB- U.S. . -RRB- results and a lot more will be done *-1] , '' [ARG0 Mr. Mark] [rel said] .
- [ARG0 USACafes Limited Partnership] [rel said] [ARG1 0 it completed the sale of its Bonanza restaurant franchise system to a subsidiary of Metromedia Co. for $ 71 million *U* in cash] .
- [ARG0 USACafes , which *T*-1 is nearly half-owned by Sam and Charles Wyly of Dallas ,] [rel said] [ARG1 0 it will distribute proceeds from the sale to unit holders as a liquidating dividend as soon as possible] .
- [ARG1 The sale of the system has been challenged *-1 in a class-action suit on behalf of unit holders filed * last week in a Delaware court] , [ARG0 USACafes] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 it believes 0 the suit is without merit] .
- [ARG0 AT&T] [ARGM-DIS also] [rel said] [ARG1 0 net income rose 19 % in the third quarter] .
- [ARG0 An AT&T spokeswoman] [rel said] [ARG1 0 the company would likely replace about one-third of its managers who *T*-1 choose *-2 to retire with new employees] .
- Analysts hailed the sweetened pension package , which [ARG0 they] [rel said] [ARG1 0 *T*-1 had been the subject of rumors for several months] .
- `` [ARG1 This tells you 0 AT&T is serious about *-2 continuing *-3 to manage their cost structure and is committed *-2 to 20%-a-year earnings growth] , '' [rel said] *T*-1 [ARG0 Jack Grubman , an analyst with PaineWebber Inc .]
- `` [ARG1 This is a good move , but it only gets you to where people 's expectations already are *T*-1 , '' in terms of earnings growth] , [rel said] [ARG0 Joel D. Gross , an analyst with Donaldson , Lufkin & Jenrette] .
- [ARG0 Mr. Gross] [rel said] [ARG1 0 he had hoped that a cost savings of $ 450 million *U* would result in even greater growth than the 20 % annual earnings increase 0 AT&T has told analysts 0 it expects *T*-1 in the future] .
- [ARG0 AT&T] [rel said] [ARG1 0 the special retirement option will increase fourth-quarter expenses] .
- [ARGM-DIS But] [ARG0 the company] [rel said] [ARG1 0 the amount ca n't be determined *-1 until it knows how many managers *T*-2 opt *-3 to retire] .
- [ARG0 AT&T] [rel said] [ARG1 0 the expense increase will be largely offset *-1 by a gain from its previously announced plan * to swap its holdings in Ing . C. Olivetti & Co. for shares in Cie . Industriali Riunite , an Italian holding company] .
- [ARG0 AT&T] [rel said] [ARG1 0 its amended pension program will nearly double to 34,000 the number of managers eligible * to retire with immediate pension payments] .
- [ARG0 AT&T] [rel said] [ARG1 that based on studies of other companies that *T*-1 have offered retirement plans , it expects about one-third of its eligible managers to retire under the new program] .
- [ARG0 AT&T] [rel said] [ARG1 0 third-quarter net income grew , despite stiff competition in all of the company 's markets] .
- `` [ARG1 Indexing has been the most single successful investment concept in the last decade , but the index money has been just sort of sitting there] , '' [rel says] *T*-1 [ARG0 Seth M. Lynn , president of Axe Core Investors Inc. , an indexer based * in Tarrytown , N.Y] .
- `` [ARG1 There is n't a boatload -LCB- of big investors -RCB- out there *-1 still waiting *-4 to get into indexing] , '' [rel says] *T*-3 [ARG0 P. James Kartalia , vice president of ANB Investment Management Co. , Chicago , which *T*-2 offers both indexing and active management services] .
- `` [ARG1 It 's like * getting a free toaster when you open an account *T*-2] , '' [rel says] *T*-1 [ARG0 Axe Core 's Mr. Lynn] .
- `` [ARG1 You 're buying the S&P , and you always want *-2 to hold the cheapest form of it] , '' [ARG0 he] [rel says] *T*-1 .
- But [ARG0 some indexers] make little or no use of futures , *-1 [rel saying] [ARG1 that these instruments present added risks for investors] .
- `` [ARG1 If the futures markets have a problem , then those products could have a problem] , '' [rel says] *T*-1 [ARG0 John Zumbrunn , managing director of Prudential Insurance Co. of America 's Investment Index Technologies Inc. unit] .
- Here a fund may promise *-1 to pay back , [rel say] , [ARG1 $ 95 *U* of every $ 100 *U* invested * for a year] , even if the market goes much lower .
- [ARG0 *] [rel Say] [ARG1 0 a big investor is interested in growth stocks] .
- `` [ARG1 We see a lot of interest in those kind of things] , '' [rel says] *T*-1 [ARG0 Frank Salerno , a vice president of Bankers Trust] .
- `` [ARG1 That was the first time 0 they lost and I won *T*-1] , '' [ARG0 he] [rel says] *T*-2 .
- [rel Says] [ARG1 *ICH*-2] [ARG0 Mr. Chan] : `` When I showed 0 it was from my own brain *T*-1 , they lost for the second time . ''
- `` [ARG1 I want my dignity back] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Those who *T*-1 manage ideology and a large number of writers reacted badly '' to the restyled paper] , [rel says] 0 *T*-2 [ARG0 Lai Nguyen An , a literary critic] .
- `` [ARG1 Under Mr. Ngoc , Van Nghe protected the people instead of the government] , '' [rel says] *T*-2 [ARG0 Nguyen Duy , a poet who *T*-1 is the paper 's bureau chief for southern Vietnam] .
- [ARGM-TMP Last year] , [ARG0 Hochiminh City Food] [rel says] [ARG1 0 it bought two million metric tons of unhusked rice , more than 10 % of the country 's output] .
- [ARG0 Mrs. Thi] [rel says] [ARG1 0 Hochiminh City Food last year increased pretax profit 60 % to the equivalent of about $ 2.7 million *U* on sales of $ 150 million *U*] .
- `` [ARG1 I do n't mind the competition inside the country] , '' [ARG0 she] [rel says] *T*-1 .
- [ARG1 The earthquake that *T*-1 hit the San Francisco Bay area is n't likely *-2 to result in wholesale downgrading of bond ratings] , [ARG0 officials at the two major rating agencies] [rel said] 0 *T*-3 .
- [ARG1 Standard & Poor 's Corp. is reviewing debt issued * by 12 California counties , and `` there are potential isolated problems] , '' [rel said] 0 *T*-1 [ARG0 Hyman Grossman , a managing director] .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it is reviewing , with an eye toward a possible downgrade , the ratings on Bay View Federal bonds , long-term deposits and the preferred-stock rating of its parent company , Bay View Capital Corp] .
- [ARGM-ADV As for property and casualty insurers] , [ARG0 Moody 's] [rel said] [ARG1 0 `` preliminary estimates suggest that losses should not have a significant impact on most insurers ' financial condition , '' but it `` raises concerns about potentially substantial risks '' longer-term] .
- [ARG0 Mr. Johnson] [rel said] [ARG1 0 the first-quarter loss also heavily reflected a rapid change in graphics technology that *T*-1 left reseller channels with too many of the old computer graphics boards and too few new monitors compatible with the new graphics boards] .
- `` [ARG1 The other areas of the business -- storage and microcomputers -- were very good] , '' [ARG0 Mr. Johnson] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 Western Digital has reacted swiftly to the movement to video graphics array , VGA , graphics technology from the old enhanced graphics adapter , EGA , which *T*-1 has a lower resolution standard , technology and now is one of the leading producers of these newer units] .
- [ARG1 Other makers of video controller equipment also were caught *-1 in the EGA-VGA shift] , [ARG0 he] [rel said] 0 *T*-2 , `` but we were able *-3 to respond much more quickly . ''
- [ARG1 Still] , [ARG0 Mr. Johnson] [rel said] 0 *T*-1 , `` our stock is grossly undervalued . ''
- [ARG0 He] [rel said] [ARG1 0 the company has cut operating expenses by about 10 % over the last few quarters , while *-1 maintaining research and development at about 8 % to 9 % *U* of sales] .
- [ARG1 Sales for the just-ended period fell to about $ 225 million *U*] , [ARG0 the maker of computer parts] [rel said] 0 *T*-1 .
- [ARG1 Computer parts] are getting ever smaller , [ARG0 Mr. Johnson] [rel said] 0 *T*-2 , a shrinking that *T*-1 has propelled laptops into position as the fastest-growing segment of the computer business .
- [ARG1 As smaller and more powerful computers continue *-1 to be the focus of the industry] , [ARG0 he] [rel said] 0 *T*-2 , Western Digital is strengthening development of laptop parts .
- [ARG1 Plans * to dissolve many of the trade barriers within Europe in 1992] creates significant opportunities for the company , [ARG0 he] [rel said] 0 *T*-1 , particularly since Western Digital already manufactures there .
- [ARGM-DIS Nonetheless] , [ARG0 Chairman Roger W. Johnson] [rel said] [ARG1 0 he expects the company to be profitable in the current quarter] .
- `` [ARG1 We are positioned *-3 to come through] , '' [ARG0 he] [rel said] *T*-1 , [ARGM-ADV *-2 noting that the company 's backlog was up from the previous quarter] .
- [ARG0 Mr. Johnson] [rel said] [ARG1 0 Western Digital 's plant in Puerto Rico was affected *-1 by Hurricane Hugo] , losing three days ' production because of the storm , which *T*-2 wrecked much of the Caribbean island 's infrastructure .
- [ARGM-ADV Although the plant itself was n't damaged *-2] , [ARG0 Mr. Johnson] [rel said] [ARG1 0 millions of dollars in first-quarter revenue were lost *-1] .
- [ARG1 There are no plans * to initiate a common stock dividend] , [ARG0 Mr. Johnson] [rel said] 0 *T*-3 , [ARGM-ADV *-2 explaining that the board continues *-4 to believe 0 shareholders are best served *-1 by * reinvesting excess cash] .
- [ARGM-ADV *-1 Aided by a sharp gain in its travel business] , [ARG0 American Express] [rel said] [ARG1 0 net rose to $ 331.8 million *U* , or 77 cents a share , from $ 273.9 million *U* , or 64 cents a share] .
- [ARG0 Textron] [rel said] [ARG1 that nine-months ' results do n't include earnings of Avdel PLC , a British maker of industrial fasteners , but do include interest costs of $ 16.4 million *U* on borrowings related * to the proposed purchase of Avdel] .
- [ARG0 The aerospace and financial services concern] [rel said] [ARG1 0 net income fell 5 % to $ 59.5 million *U* from $ 62.8 million *U*] .
- [ARG0 The company] [rel said] [ARG1 that improved results in its financial-services sector were negated *-1 by increased costs in its government contract business , lower operating earnings in its commercial-products sector and soft automotive markets] .
- [ARG0 Minpeco] [rel said] [ARG1 0 it would n't pursue such litigation if its settlement plan in the W. Herbert Hunt case is approved *-1 by Judge Abramson , who *T*-2 will consider the proposal at a hearing next week] .
- Minpeco attorney Thomas Gorman decribed the plan as one step toward an overall settlement of the W. Herbert Hunt case but [ARG0 Hugh Ray , attorney for Manufacturers Hanover ,] called it `` silly '' and [rel said] [ARG1 0 he would fight it in court] .
- `` The thing is so fluid *ICH*-3 right now that there 's [ARGM-MNR really no way] 0 [ARG0 *] to [rel say] [ARG1 what *T*-1 will happen] *T*-4 , '' says *T*-5 Justice Department attorney Grover Hartt III , who *T*-2 represents the IRS in the case .
- `` [ARG1 The thing is so fluid *ICH*-3 right now that there 's really no way 0 * to say what *T*-1 will happen *T*-4] , '' [rel says] *T*-5 [ARG0 Justice Department attorney Grover Hartt III , who *T*-2 represents the IRS in the case] .
- [ARG0 Minpeco] [ARGM-TMP now] [rel says] [ARG1 0 it is willing *-1 to settle for up to $ 65.7 million *U* from each brother] , [ARGM-ADV although the actual amount would probably be much less] .
- Nelson Bunker Hunt is considering it , although [ARG0 his attorney] [rel says] [ARG1 0 he wo n't do it if the proposal jeopardizes a tentative settlement 0 he has reached *T*-2 with the Internal Revenue Service , which *T*-1 claims 0 the brothers owe $ 1 billion *U* in back taxes and is by far the biggest creditor in both cases] .
- [ARG0 Banc One Corp.] [rel said] [ARG1 0 it agreed in principle *-1 to buy five branch offices from Trustcorp Inc. , Toledo , Ohio , following the planned merger of Trustcorp into Society Corp. , Cleveland] .
- [ARG1 The five offices in Erie and Ottawa counties in northern Ohio have total assets of about $ 88 million *U*] , [ARG0 Banc One] [rel said] 0 *T*-1 .
- [ARG1 The purchase price will be established *-1 after Banc One has an opportunity * to study the quality of the assets] , [ARG0 Banc One] [rel said] 0 *T*-2 .
- [ARG1 Individual investors , represented * in the general-purpose and broker-dealer fund categories , pulled money from the stock market after its big drop last Friday and put the money into funds] , [rel said] 0 *T*-1 [ARG0 Jacob Dreyer , vice president and chief economist of the Institute] .
- `` [ARG1 Insitutional investors , on the other hand , reacted to the steep decline in yields on direct money-market instruments following the stock-market decline last Friday] , '' [ARG0 Mr. Dreyer] [rel said] *T*-1 .
- [ARG1 The average seven-day compounded yield fell to 8.55 % from 8.60 % the week earlier] , [ARG0 Donoghue 's] [rel said] 0 *T*-1 .
- [ARG1 Domestic lending for real estate and property development was the source of Bank Bumiputra Malaysia Bhd. 's most recent spate of financial troubles] , [ARG0 the institution 's executive chairman , Mohamed Basir Ismail ,] [rel said] 0 *T*-1 .
- [ARG1 Once the plan is approved *-1] , [ARG0 Tan Sri Basir] [rel said] 0 *T*-3 , most of Bank Bumiputra 's nonperforming loans will have been fully provided for *-2 and the bank will be on track 0 * to report a pretax profit of between M$ 160 million and M$ 170 million *U* for the fiscal year ending March 31 *T*-4 .
- [ARGM-ADV *-1 Speaking to reporters this week after Bank Bumiputra 's shareholders approved a rescue plan] , [ARG0 Tan Sri Basir] [rel said] [ARG1 0 heavy lending to the property sector rocked the bank when property prices in Malaysia plummeted in 1984-85 *T*-2] .
- [ARG1 For the previous financial year , the bank would have reported a pretax profit of M$ 168 million *U* if it had n't made provisions for the nonperforming loans] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Malaysia 's Banking Secrecy Act prohibited the bank from *-1 identifying delinquent borrowers] , [rel said] 0 *T*-2 [ARG0 Tan Sri Basir] .
- `` [ARG1 We lent a lot of money all over the place] , '' [rel said] *T*-2 [ARG0 Tan Sri Basir , who *T*-1 refused *-3 to discuss the bank 's outstanding loans to]
- [ARG0 He] [rel said] [ARG1 0 the bank could n't wait any longer for prices to recover and for borrowers to service their loans] .
- [ARG0 Tan Sri Basir] [rel said] [ARG1 0 the capital restructuring plan has been approved *-1 by Malaysia 's Capital Issues Committee and central bank] .
- The league organizers seem more a fit with a convention next door of young aerobics instructors in leotards than the beefy union leaders ; `` [ARG1 I wish 0 I could go *-2 work out] , '' [rel says] *T*-1 [ARG0 a slim activist] .
- `` [ARG1 I felt kind of safe] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 The times are my times] , '' [rel says] *T*-1 [ARG0 Mr. Florio] .
- `` If [ARG0 you] 're going *-3 to be consistent and [rel say] [ARG1 0 it is a constitutionally protected right] , '' he asks *T*-6 , `` how are you going *-5 to say 0 an upscale woman who *T*-1 can drive to the hospital or clinic in a nice car has a constitutional right and someone who *T*-2 is not in great shape financially does not *?* *T*-4 ? ''
- `` If you 're going *-3 to be consistent and say 0 it is a constitutionally protected right , '' he asks *T*-6 , `` how are [ARG0 you] going *-5 to [rel say] [ARG1 0 an upscale woman who *T*-1 can drive to the hospital or clinic in a nice car has a constitutional right and someone who *T*-2 is not in great shape financially does not *?*] *T*-4 ? ''
- [ARGM-ADV *-1 Looking back] , [ARG0 he] [rel says] [ARG1 0 he erred by *-2 stating his `` personal '' opposition to abortion instead of assuring voters that he would n't impose his views on `` policy '' as governor] .
- `` [ARG1 He does n't know himself] , '' [ARG0 Kathy Stanwick of the Abortion Rights League] [rel says] *T*-1 of [ARG3-of Mr. Courter 's position] .
- `` [ARG1 He does n't want *-2 to lead the people] , '' [rel says] *T*-1 [ARG0 Richard Traynor , president of New Jersey Right to Life] .
- Yet minutes after *-1 promising *-2 to appoint Hispanics to high posts in state government , [ARG0 he] is unable *-1 to [rel say] [ARG1 whether he has ever employed any in his congressional office] .
- `` [ARG1 I do n't think 0 we do now] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 This is one where I cross party lines *T*-3] , '' [ARG0 she] [rel says] *T*-1 , [ARGM-ADV *-2 rejecting the anti-abortion stance of Rep. Florio 's opponent , Reagan-Republican Rep. James Courter] .
- `` [ARG1 I am a devout Catholic] , '' [rel says] *T*-1 [ARG0 Mr. Pignatelli , a 40-year-old health officer] .
- `` [ARG1 I still think 0 the woman has the right * to do with her body as she pleases] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 We 've had whopping declines in consumer energy prices in each of the past three months , and at the wholesale level those are fully behind us now] , '' [rel said] *T*-1 [ARG0 Jay Woodworth , chief domestic economist at Bankers Trust Co. in New York] .
- Though [ARG0 analysts] [rel say] [ARG1 0 competition will probably hold down increases in retail energy prices] , many expect some of the wholesale rise to be passed *-1 along to the consumer before the end of the year .
- `` [ARG1 The bottom line is , 0 it seems to me that the economic environment has become very , very competitve for a lot of businesses] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 Now] , [ARG0 he] [rel said] 0 *T*-1 , a slowdown in economic activity has slackened demand .
- [ARG0 Analysts] [rel say] [ARG1 0 Fed policy makers have been wary of *-1 relaxing credit too much because they were still uncertain about the level of inflation in the economy] .
- [ARG0 They] [ARGM-DIS also] [rel said] [ARG1 0 the dollar is leveling off after a rise this summer that *T*-1 helped *-2 to reduce the prices of imported goods] .
- `` [ARG1 I think 0 inflation is going *-2 to pick up through the fall] , '' [rel said] *T*-3 [ARG0 Joel Popkin , a specialist on inflation who *T*-1 runs an economic consulting firm here] .
- `` [ARG1 You 'll never know 'til you try] , '' [rel says] *T*-1 [ARG0 a black skier] .
- `` [ARG1 We used *-2 to show some hot-dog skier in his twenties or thirties going over the edge of a cliff] , '' [rel says] *T*-1 [ARG0 Kathe Dillmann , a spokeswoman for the United Ski Industries Association , the trade group sponsoring the campaign] .
- `` [ARG1 We wanted *-2 to show 0 it 's okay if you fall] , '' [rel says] *T*-1 [ARG0 Ms. Dillmann] .
- `` [ARG1 Most parents who *T*-1 had *-3 to go through that never came back] , '' [rel says] *T*-4 [ARG0 Michael Shannon , president of Vail Associates Inc. , which *T*-2 owns and operates the Vail and nearby Beaver Creek resorts] .
- `` [ARG1 People these days want something else 0 * to do *T*-1 besides ski and sit in the bar] , '' [rel says] *T*-2 [ARG0 Don Borgeson , executive director of Angel Fire , N.M. 's Chamber of Commerce] .
- `` [ARG1 Even if they could bring in that many new skiers , I do n't know if -LCB- the industry -RCB- could handle that kind of an increase] , '' [rel says] *T*-1 [ARG0 I. William Berry , editor and publisher of the Ski Industry Letter in Katonah , N.Y] .
- `` [ARG1 It felt like I was on a station platform and a train went by] , '' [rel said] *T*-1 [ARG0 one man] , [ARGM-ADV *-2 describing my own reaction] .
- [ARG0 A women] [rel said] [ARG1 0 she saw the park 's light standards sway] .
- [ARG0 A man] [rel said] [ARG1 0 he saw the upper rim undulate] .
- `` [ARG1 Pieces of Candlestick] , '' [ARG0 they] [rel said] *T*-1 .
- I expected [ARG0 him] to [rel say] , `` [ARG1 I told you so] , '' but he already was snoring .
- [ARG0 Mr. Batchelder] [rel says] [ARG1 that in the past , banks would normally have loaned 65 % of a total buy-out price , with the loans secured *-1 by the target company 's assets] .
- [ARGM-DIS But] [ARG0 Mr. Batchelder] [rel says] [ARG1 that Citicorp 's `` failure * to deliver '' on its promise * to raise the UAL bank debt for a labor-management buy-out group `` is very distressing to potential users of a ` highly-confident ' letter from commercial banks] . ''
- [ARG0 Mark Solow , senior managing director at Manufacturers Hanover Trust Co. ,] [rel says] [ARG1 0 the falloff in junk bonds may yet open new business opportunities *ICH*-1 to banks in * structuring takeovers] .
- [ARGM-DIS In fact] , [ARG0 Manufacturers Hanover] [rel said] [ARGM-LOC in its third-quarter earnings report] [ARG1 that fees from * syndicating loans to other banks dropped 48 % , to $ 21 million *U*] .
- `` [ARG1 We did n't take part in a lot of deals because their credit quality was poor] , '' [rel says] *T*-1 [ARG0 a bank spokesman] .
- [ARG0 James B. Lee , head of syndications and private placements at Chemical Banking Corp. ,] [rel said] [ARG1 0 he believes 0 banks can still make a credible offer of one-stop shopping for takeover finance] .
- [ARG0 A Paramount spokesman] [rel says] [ARG1 0 that decision was based *-1 on the financial , not political , drawbacks of junk bonds] .
- [ARG0 Some Monday-morning quarterbacks] [rel said] [ARG1 0 the initial lower bid , without junk bonds , was a factor in his losing the company] .
- [ARG0 Takanori Mizuno , chief economist of the Institute for Financial Affairs Inc. , a Tokyo research center on finance and economics ,] [rel says] , `` [ARG1 The junk bond market became very jittery , and there 's a fear of a coming recession and the possible bankruptcy of LBO companies] .
- [ARG0 Charles Nathan , co-head of mergers and acquisitions at Salomon Brothers Inc. ,] [rel says] [ARG1 0 it *EXP*-1 is natural for banks to try *-2 to expand beyond their bread-and-butter business of * providing senior debt for buy-outs] .
- [ARG1 But] the UAL collapse , [ARG0 he] [rel says] 0 *T*-1 , `` may tell you 0 it 's not going *-2 to work that easily . ''
- [ARG0 David Batchelder , a mergers adviser in La Jolla , Calif. , who *T*-1 aided Los Angeles investor Marvin Davis on the bids which *T*-2 put both UAL and NWA in play as takeover candidates this year ,] [rel says] [ARG1 that banks have been `` preparing *-3 to play a larger and larger role in acquisition financing] . ''
- [ARGM-DIS But] [ARGM-TMP when Harley last week publicly questioned the legality of the group 's filing procedures *T*-1] , [ARG0 the Rochester , N.Y. , investor] [rel said] `` [ARG1 we complied with every law] , '' and he denied any wrongdoing .
- [ARG0 The Glazer group] [rel said] [ARGM-LOC in a Securities and Exchange Commission filing] [ARGM-TMP in early October] [ARG1 that it may seek a controlling interest in Harley-Davidson , or seek representation on the company 's board] .
- [ARG0 Harley] has [rel said] [ARG1 0 it does n't intend *-2 to be acquired *-1 by the Glazer group or any other party] .
- [ARG0 Charles Bradford , an analyst with Merrill Lynch Capital Markets ,] [rel said] [ARG1 0 higher prices for galvanized and cold-rolled products offset lower prices for bar , hot-rolled and structural steel] .
- [ARG1 Structural steel , which *T*-2 primarily serves the construction market , was especially hurt *-1 by a 15 % price drop] , [ARG0 Mr. Bradford] [rel said] 0 *T*-3 .
- [ARG0 The company] [rel said] [ARG1 0 its integrated steel sector was also hurt *-1 by higher raw material , repair and maintenance , and labor costs] .
- [ARG0 Inland Chairman Frank W. Luerssen] [rel said] [ARG1 0 the company 's short-term outlook is `` clouded *-1 by uncertainties in the economy and financial markets] . ''
- [ARG1 When they do hit *T*-1 , they hit fast] , '' [rel says] *T*-2 [ARG0 David A. Wyss , chief financial economist at the Data Resources division of McGraw-Hill Inc] .
- [ARG1 The reason is simple] , [ARG0 Mr. Wyss] [rel says] 0 *T*-1 : `` Interest rates almost always decline during recession . ''
- [ARG1 Corporate bonds `` are usually not a good bet in a recession] , '' [ARG0 Mr. Wyss] [rel says] *T*-1 .
- [ARG1 It *EXP*-2 's an `` absolute necessity '' * to get out of junk bonds when a recession is in the offing *T*-3] , [rel says] 0 *T*-1 [ARG0 Avner Arbel , professor of finance at Cornell University] .
- [ARG1 Instead] , [ARG0 Mr. Beach] [rel says] 0 *T*-1 , investors `` probably should be carrying a very high level of cash , '' by which he means such so-called cash equivalents as money-market funds and Treasury bills *T*-2 .
- [ARG0 He] is n't sure 0 a recession is coming , but [rel says] [ARG1 0 the other likely alternative -- reignited inflation -- is just as bad] .
- [ARG1 `` This late in an expansion , '' the economy tends *-1 to veer off either into damaging inflation or into a recession] , [ARG0 Mr. Confair] [rel says] 0 *T*-2 .
- [ARG1 The Federal Reserve Board 's plan for a `` soft landing] , '' [ARG0 he] [rel says] 0 *T*-1 , requires the Fed to navigate `` an ever-narrowing corridor . ''
- `` [ARG1 * Trying *-1 to time the economy is a mistake] , '' [rel says] *T*-2 [ARG0 David Katz , chief investment officer of Value Matrix Management Inc. in New York] .
- [ARG1 Investors who *T*-1 listened , and lightened up on stocks , `` have just hurt themselves] , '' [ARG0 he] [rel says] 0 *T*-2 .
- [ARG1 `` Low P-E '' stocks] , [ARG0 he] [rel says] 0 *T*-1 , vastly outperform others `` during a recession or bear market . ''
- [ARG1 Small-company shares typically fall more than big-company stocks in a recession] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 That ratio is dangerously close to the ratio of 19.7 that *T*-1 prevailed before the 1987 stock-market crash] , [ARG0 Mr. Arbel] [rel says] 0 *T*-2 .
- `` [ARG1 * Keep some money available for opportunities] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Prudential-Bache] [rel said] [ARG1 0 the York issue was delayed *-1 because of market conditions] .
- `` [ARG1 Everything is going through firehoops right now , and -LCB- Chicago & North Western -RCB- is no exception] , '' [rel said] *T*-1 [ARG0 Mariel Clemensen , vice president , high-yield research , at Citicorp] .
- [ARG0 Portfolio managers] [rel say] [ARG1 0 sweeteners like equity kickers and stricter protective covenants may increasingly be required *-1 * to sell junk-bond deals] .
- [ARG0 Dan Baldwin , managing director of high-yield investments at Chancellor Capital Management ,] [rel said] [ARG1 the Chicago & North Western offering was restructured *-1 in part because `` several large insurance buyers right now are demanding equity as part of the package] .
- [ARGM-DIS But] [ARG0 several mutual-fund managers] , [ARGM-ADV *-3 nervous about the deteriorating quality of their junk-bond portfolios and shy about * buying new issues] , [rel said] [ARG1 0 they 're staying away from any junk security that *T*-2 is n't considered *-1 first rate for its class] .
- [ARG1 *-2 To lure buyers to the Chicago & North Western bonds] , [ARG0 portfolio managers] [rel said] 0 Donaldson Lufkin sweetened the transaction by *-2 offering the bonds with a resettable interest rate and a 10 % equity kicker *T*-1 .
- [ARGM-TMP Yesterday] , [ARG0 Prudential-Bache Securities Inc.] [rel said] [ARG1 0 it postponed a $ 220 million *U* senior subordinated debenture offering by York International Corp] .
- [ARG1 They are telling us that -LCB- 8 3\/4 % -RCB- is as low as they want *-1 to see the fed funds rate] , '' [rel said] *T*-2 [ARG0 Robert Chandross at Lloyds Bank PLC] .
- [ARG0 Dealers] [rel said] [ARG1 0 junk bond issues on average were up by 1\/4 to 1\/2 point with so-called quality issues from RJR Capital Holdings Corp. and Petrolane Gas Service Limited Partnership posting one-point gains] .
- [ARG0 Some analysts] [rel said] [ARG1 0 the restructuring of the railroad concern 's issue shows how tough it *EXP*-2 is *T*-1 for underwriters to sell even the junk bonds of a company considered * to be a relatively good credit risk] .
- The debt of some California issuers pulled off lows reached * after Tuesday 's massive earthquake , although [ARG0 traders] [rel said] [ARG1 0 market participants remained cautious] .
- [ARG1 It *EXP*-2 's also unclear precisely how the state will rebuild its reserve *T*-3] , [rel said] 0 *T*-4 [ARG0 Cindy Katz , assistant director of California 's department of finance] , [ARGM-ADV although she noted that a bond offering for that purpose is n't anticipated *-1] .
- It *EXP*-2 's impossible [ARG0 *] to [rel say] [ARG1 exactly] how much of the total charity intake *T*-3 is devoured *-1 by stratospheric fund-raising costs , high-living operators , and downright fraud .
- [ARG1 On this basis , `` there 's no way 0 the average person can know a good charity from a bad one *T*-1] , '' [rel says] 0 *T*-2 [ARG0 David Ormstedt , an assistant attorney general in Connecticut] .
- The state has sued these charities in state court , *-3 complaining that much of the money was grossly misspent *-1 ; [ARG1 82 %] , [rel says] [ARG0 Mr. Ormstedt] , went to fund raisers and most of the rest to the people who *T*-2 ran the charities and to their relatives -- for fur coats , trips to Florida , Lucullan restaurant tabs .
- [ARG0 The Arthritis Foundation , the American Cancer Society and the United Way of America] [ARGM-ADV all] [rel say] [ARG1 that they spend roughly 90 % of their income on programs , not overhead] .
- [ARG0 The charity] admits *-1 spending a lot on fund raising , but [rel says] [ARG1 0 that was necessary * to establish a donor base 0 it can tap *T*-2 at much lower cost in years 0 *T*-3 to come] .
- [ARG0 Michael Burns , president of Telesystems ,] [rel says] [ARG1 0 his concern has only benefited from the publicity surrounding the case] , [ARGM-ADV *-2 noting that three other charities have signed on as clients because they were impressed *-1 with the amount 0 he raised *T*-3 for National Children 's] .
- *-1 Figuring that their money would more likely go toward a bottle of Night Train Express , [ARG0 most people] have little trouble * [rel saying] [ARG1 no] to [ARG2-to propositions like this] .
- [ARG1 There] are so many cunning ploys used * by so many dubious operators , [ARG0 they] [rel say] 0 *T*-1 , that it *EXP*-2 is probably impossible * to stop them all .
- [ARG1 What] [ARG0 it] does [ARGM-NEG n't] [rel say] *T*-1 is that the entire `` campaign '' may be the fund-raising letter itself .
- `` [ARG1 All too often this will merely be a statement on the solicitation such as , ` * Do n't smoke ! ' or ` * Wear suntan lotion , '] `` [rel says] *T*-1 [ARG0 William Webster , attorney general of Missouri] .
- [ARG1 I think 0 some people may believe 0 they 're helping *-1 fund a massive TV and print campaign , but we could n't find that the charity does anything except write these letters] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 The established charities] are bothered *-1 by this but [rel say] [ARG1 0 they can do little about it] .
- [ARG1 Most of them do n't last for long , but in the meantime all 0 we can do *T*-2 is tell people 0 they are n't connected *-1 with us] , '' [rel says] *T*-3 [ARG0 a spokeswoman for the American Heart Association] .
- MADD did n't learn of the fund raising until the couple sent it a check for $ 613 *U* , along with [ARG0 a letter] [rel saying] [ARG1 0 that was the charity 's `` share] . ''
- [ARG0 Denise McDonald , a spokeswoman for MADD ,] [rel says] , `` [ARG1 It 's scary , because anybody could do this] . ''
- [ARGM-ADV Specifically] , [ARG0 the British carrier] [rel said] [ARG1 0 it currently has no plans * to participate in any new offer for UAL] .
- [ARG0 The pilot union , the only one 0 *T*-1 to support the buy-out thus far ,] [rel said] [ARG1 0 the flight attendants ' decision `` enforces our belief that an all-employee owned airline is practical and achievable] . ''
- [ARG0 British Air officials] [rel said] [ARG1 0 the airline 's chairman , Lord King , was concerned about news reports indicating that British Air might be willing *-1 to participate in a bid that *T*-2 included a lower purchase price and better investment terms for the British carrier] .
- The previous reports were based *-1 on remarks by British Air 's chief financial officer , [ARG0 Derek Stevens] , who *T*-2 [rel said] [ARG1 0 any revised bid would have *-3 to include a lower purchase price * to reflect the sharp drop in UAL 's stock in the past week] .
- In addition , British Air officially withdrew its support for the previous $ 300-a-share bid in [ARG0 a terse statement] that *T*-1 [rel said] `` [ARG1 the original deal is closed *-2] . ''
- [ARGM-LOC In an interview Wednesday with Dow Jones Professional Investor Report] , [ARG0 Mr. Stevens] [rel said] , `` [ARG1 We 're in no way committed to a deal going through at all] .
- `` [ARG1 The -LCB- buy-out -RCB- consortium ceased *-1 to exist because our American partners were not capable of * organizing the financing] , '' [ARG0 a British Air spokesman] [rel said] *T*-2 .
- [ARG0 Company officials] [rel said] [ARGM-TMP later] [ARG1 that British Airways believes 0 its involvement in the UAL buy-out ended last Friday when the buy-out group , which *T*-1 also includes UAL 's management and pilot union , failed *-3 to obtain financing for the $ 6.79 billion *U* transaction *T*-2] .
- [ARG0 The carrier] stopped short of *-1 [rel saying] [ARG1 0 it would n't at some point reconsider *-2 participating in any new bid for UAL] .
- [ARGM-DIS However] , [ARG0 company officials] [rel said] [ARG1 0 they plan *-1 to take `` no initiatives '' * to resurrect the transaction , and `` are n't aware '' of any restructured bid in the making] .
- [ARG0 Pilot union Chairman Frederick C. Dubinsky] [rel said] [ARG1 0 advisers to UAL management and the union will begin *-1 meeting in New York today and will work through the weekend *-1 to devise a new proposal 0 * to present *T*-2 to UAL 's board `` at the earliest time possible] . ''
- [ARG1 Italy 's industrial wholesale sales index rose 13.2 % in June from a year earlier] , [ARG0 the state statistical institute Istat] [rel said] 0 *T*-1 .
- [ARG1 Domestic wholesale sales rose 11.9 % from a year earlier , while foreign sales jumped 17.3 %] , [ARG0 Istat] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 a clear majority of senators back the tax reduction and that ultimately there would be enough senators 0 *T*-1 to overcome any procedural hurdle 0 the Democratic leadership might erect *T*-2] .
- `` [ARG1 I may want *-1 to offer additional amendments 0 *T*-2 to improve it when the bill comes to the floor *T*-3] , '' [rel said] *T*-4 [ARG0 Sen. David Boren -LRB- D. , Okla. -RRB- , a leader of those Democrats] .
- [ARGM-DIS Afterward] , [ARG0 leaders of the dissident Democrats] relented , and [rel said] [ARG1 0 they would n't offer their own proposal as they had planned] .
- [ARG0 The producer and marketer of low-sulfur coal] [rel said] [ARG1 0 net income for the quarter was $ 5.9 million *U* , or 71 cents a share , on revenue of $ 145.4 million *U*] .
- `` [ARG0 I think 0 the ship is now righted *-1 , the bilges are pumped *-2 and we are on course] , '' [ARG1 Mr. Hutchinson] [rel said] *T*-3 of [ARG3-of the restructuring program] .
- [ARG1 One difference] , [ARG0 he] [rel said] 0 *T*-1 , is that the fourth quarter has significantly fewer workdays because of holidays and the hunting season .
- `` [ARG1 I do n't want *-1 to give the impression that everybody can relax now] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 He] [rel said] [ARG1 0 Westmoreland is looking at investment stakes in other cogeneration plants east of the Mississippi River] .
- `` [ARG1 We see coal 's piece of the action growing] , '' [ARG0 Mr. Hutchinson] [rel said] *T*-1 .
- [ARG0 Chase Senior Vice President George Scandalios] [rel said] [ARG1 0 the bank decided *-1 to exercise its option after bids fell short of expectations] .
- [ARG0 He] [rel said] [ARG1 0 Chase and the Atlas estate were looking *-1 to sell the entire building for $ 400 million to $ 475 million *U* , but did n't get an offer for more than $ 375 million *U*] .
- [ARG1 Blue chips] , [ARG0 he] [rel says] 0 *T*-2 , `` are now being referred to *-1 as poker chips . ''
- Berkshire Hathaway earlier this year bought $ 600 million *U* of preferred stock in Gillette that *T*-2 is convertible into an 11 % stake , and [ARG0 Gillette] [rel said] [ARGM-TMP at the time] [ARG1 that Mr. Buffett would be added *-1 to the board] .
- [ARGM-ADV Separately] , [ARG0 Gillette] [rel said] [ARG1 0 its third-quarter earnings rose 2 % to $ 65.2 million *U* , or 57 cents a share , from $ 63.9 million *U* , or 57 cents a share , in the year-earlier period] ; per-share earnings remained flat despite an increase in net income in part because the company paid a $ 10.4 million *U* dividend on the new preferred stock in the period .
- [ARG0 Mr. Guber and Mr. Peters] [rel say] [ARG1 0 they got a look at the books and balked at the price] .
- [ARG0 Mr. Daly] in his affidavit acknowledges that Warner agreed *-1 to release the producers last year *-2 to take over MGM but [rel says] [ARG1 0 that situation was altogether different] .
- [ARG1 Warner itself was in negotiations with MGM over certain movie and other rights , and it *EXP*-1 was `` in Warner 's interest * to accommodate MGM\/UA , Guber and Peters by * permitting them *-2 to become MGM executives] , '' [ARG0 Mr. Daly] [rel said] *T*-3 [ARGM-LOC in his affidavit] .
- [ARGM-DIS And] [ARG0 they] [rel say] [ARG1 0 there are plenty of precedents in Hollywood for * letting people out of contracts] .
- `` [ARG1 They 're the best production talent around] , '' [rel says] *T*-1 [ARG0 Brian De Palma] , [ARGM-ADV beholden to Guber Peters for * hiring him to direct the Warner movie of Tom Wolfe 's novel `` Bonfire of the Vanities] . ''
- [ARG0 He] [rel says] [ARG1 0 his company 's prowess at packaging and marketing `` is why we 'll be good at Columbia *T*-1] .
- `` [ARG1 Peter is a major piece of Hollywood manpower who *T*-1 has really earned his success] , '' [rel says] *T*-2 [ARG0 Robert Bookman , an agent at Creative Artists Agency] .
- [ARG1 But for all their intellectual and stylistic differences , they make the perfect `` good cop , bad cop '' team] , [ARG0 Hollywood associates] [rel say] 0 *T*-1 .
- `` [ARG1 Peter is the bright , sympathetic guy when you 're doing a deal *T*-1] , '' [rel says] *T*-2 [ARG0 one agent] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Simpson] : `` The script was unreadable .
- [ARG0 Mr. Peters] acknowledges that and [rel says] [ARG1 0 it 's not unlike the situation 0 he and Mr. Guber are in *T*-1 with Warner] .
- `` [ARG1 I was upset with Roger , I fumpered and schmumpered] , '' [rel says] *T*-1 [ARG0 Mr. Peters] .
- [ARGM-DIS Still] , [ARG0 Mr. Birnbaum] [rel says] [ARG1 0 his relationship with Guber Peters was `` one of the most successful 0 I 've had *T*-1 in Hollywood] . ''
- `` [ARG0 Jon Peters] [ARGM-MOD will] come *-1 barreling into a room , [rel say] [ARG1 0 he 's got a great idea] , and be gone .
- [ARG0 He] [rel says] , `` [ARG1 Within a few weeks , we made deals with the government of Rwanda and everyone who *T*-2 had ever met *RNR*-1 or talked to *RNR*-1 Dian Fossey] .
- [ARG1 But though `` people in town may ask why Guber needs Peters *T*-2 , it *EXP*-3 's good * to have a partner , and obviously the chemistry works] , '' [rel says] 0 *T*-4 [ARG0 Steven Tisch , a producer who *T*-1 once worked for Mr. Guber] .
- [ARG0 The studio] [rel says] [ARG1 0 it stuck with them `` even in the early years when the creative partnership was not particularly profitable for Warner *T*-1] . ''
- `` [ARG1 From the beginning , -LCB- they -RCB- knew 0 we had a goal and a dream] , '' [rel says] *T*-1 [ARG0 Mr. Guber] .
- `` [ARG1 They always listened , but they never acted] , '' [ARG0 Mr. Guber] [rel says] *T*-1 .
- [ARG0 Skeptics] [rel say] [ARG1 0 the slightly higher returns are n't enough * to compensate for the extra risk] .
- `` [ARG1 A lot of this stuff really is in untested waters] , '' [rel says] *T*-1 [ARG0 Owen Carney , director of the investment securities division of the U.S. comptroller of the currency] .
- `` [ARG1 This is the heyday of debt] , '' [rel says] *T*-1 [ARG0 James Grant , editor of Grant 's Interest Rate Observer , a newsletter] .
- `` [ARG1 We expect additional offerings '' of asset-backed securities targeted * toward individual investors] , [rel says] 0 *T*-1 [ARG0 Bill Addiss , a senior vice president at Shearson Lehman Hutton Inc] .
- [ARG0 Enthusiasts] [rel say] [ARG1 0 the booming market has opened up a valuable new source of funds to issuers , while *-1 providing a valuable new investment for individuals and institutions] .
- [ARG1 Asset-backed securities `` are an attractive investment compared to bank certificates of deposit or other corporate bonds] , '' [rel says] 0 *T*-1 [ARG0 Craig J. Goldberg , managing director and head of the asset-backed securities group at Merrill Lynch Capital Markets] .
- `` [ARG1 If you 're in the bond business *-1 playing the relative-performance derby , then even an extra 25 basis points -LRB- 0.25 percentage point -RRB- becomes an important consideration on a career basis] , '' [rel says] *T*-2 [ARG0 Mr. Grant] .
- [ARG1 That] 's particularly true , [ARG0 analysts] [rel say] 0 *T*-1 , for certain of the securities , such as those backed * by time-share loans .
- `` [ARG1 You could see massive gyrations here because it 's such a thinly traded market] , '' [rel says] *T*-1 [ARG0 Jonathan S. Paris , a vice president of European Investors Inc. , a New York investment-management firm] .
- If a bank 's credit rating was lowered *-1 because of , [rel say] , [ARG1 its loans to Third World nations] , that could also affect the ratings , liquidity and prices of the asset-backed issues that the bank supports *T*-2 .
- `` [ARG1 A day of reckoning is coming where we think 0 the market will place a high premium on the highest-quality debt issues *T*-1 , and therefore we think 0 the best debt investment is U.S. government bonds] , '' [rel says] *T*-2 [ARG0 Craig Corcoran of Davis\/Zweig Futures Inc. , an investment advisory firm] .
- `` Nope , [ARG0 we] [ARGM-TMP still] [rel say] [ARG1 *-1 to stick with Treasurys] , '' Mr. Corcoran replies *T*-2 .
- Nearly half of the respondents -LRB- 47 % -RRB- said 0 their investment portfolio was worth $ 250,000 *U* or more , and [ARG0 17 %] [rel said] [ARG1 0 it was worth $ 1 million *U* or more] .
- [ARG0 Nearly half of the respondents -LRB- 47 % -RRB-] [rel said] [ARG1 0 their investment portfolio was worth $ 250,000 *U* or more] , and 17 % said 0 it was worth $ 1 million *U* or more .
- [ARGM-DIS For example] , [ARG0 12 % of this year 's respondents] [rel said] [ARG1 0 they expect a recession within 12 months] .
- [ARG0 Nearly a third] [rel said] [ARG1 0 they have made some portfolio changes *-1 to anticipate a possible recession] .
- About 33 % considered another crash `` likely , '' while [ARG0 about 63 %] [rel said] [ARG1 0 one is `` unlikely] . ''
- [ARG0 About 60 % of them] [rel said] [ARG1 0 they would `` ordinarily '' have at least 25 % of their money in stocks] .
- [ARGM-DIS But] [ARG0 only 17.5 %] [rel said] [ARG1 0 they had more than half their money in the stock market] .
- [ARG1 Canadian steel ingot production totaled 276,334 metric tons in the week ended Oct. 14 , down 5.3 % from the preceding week 's total of 291,890 tons] , [ARG0 Statistics Canada , a federal agency ,] [rel said] 0 *T*-1 .
- [ARG0 Health Care Property Investors Inc.] [rel said] [ARG1 0 it acquired three long-term care facilities and one assisted-living facility in a purchase-and-lease transaction valued * at $ 15 million *U*] .
- [ARG0 The real estate investment trust] [rel said] [ARG1 that it leased the three Florida facilities to National Health Care Affiliates Inc. of Buffalo , N.Y] .
- [ARG0 Moody 's Investors Service] [rel said] [ARG1 0 it lowered its rating on about $ 75 million *U* of this Chatsworth , Calif. , concern 's convertible subordinated debentures , due 2012 , to Caa from B2] .
- [ARG0 It] [rel said] [ARG1 0 the reduction reflects impaired business prospects and reduced financial flexibility caused * by continuing losses at the maker of Winchester disk drives] .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it lowered its rating on about $ 400 million *U* of this bank holding company 's senior debt to B2 from Ba3] .
- [ARG0 Moody 's] [rel said] [ARG1 0 it expects Valley National , of Phoenix , Ariz. , to make substantial further provisions against its real-estate portfolio , and that it continues *-1 to suffer from the high cost of * carrying nonperforming assets , and from high loan-loss provisions] .
- [ARG1 Even though electronic espionage may cost U.S. firms billions of dollars a year , most are n't yet taking precautions] , [ARG0 the experts] [rel said] 0 *T*-1 .
- [ARG0 One expert , whose job *T*-1 is so politically sensitive that he spoke on condition that he would n't be named or quoted *-2 ,] [rel said] [ARG1 0 the expected influx of East European refugees over the next few years will greatly increase the chances of computer-maintenance workers , for example , doubling as foreign spies] .
- [ARG1 Moreover] , [ARG0 he] [rel said] *T*-2 , technology *ICH*-3 now exists for * stealing corporate secrets after they 've been `` erased *-1 '' from a computer 's memory .
- [ARG0 He] [rel said] [ARG1 that Oliver North of Iran-Contra notoriety thought 0 he had erased his computer but that the information was later retrieved *-1 for congressional committees to read] .
- `` [ARG1 Hostile and even friendly nations routinely steal information from U.S. companies and share it with their own companies] , '' [rel said] *T*-1 [ARG0 Noel D. Matchett , a former staffer at the federal National Security Agency and now president of Information Security Inc. , Silver Spring , Md] .
- [ARG1 It `` may well be '' that theft of business data is `` as serious a strategic threat to national security '' as it is a threat to the survival of victimized U.S. firms] , [rel said] 0 *T*-2 [ARG0 Michelle Van Cleave , the White House 's assistant director for National Security Affairs] .
- [ARG1 Any secret] can be pirated *-1 , [ARG0 the experts] [rel said] 0 *T*-3 , if it is transmitted *-2 over the air .
- `` [ARG1 You can have a dozen competitors stealing your secrets at the same time] , '' [ARG0 Mr. Matchett] [rel said] *T*-1 , [ARGM-ADV *-2 adding : `` It 's a pretty good bet 0 they wo n't get caught *-3] . ''
- [ARG1 The only way 0 * to catch an electronic thief *T*-1] , [ARG0 he] [rel said] 0 *T*-2 , is * to set him up with erroneous information .
- [ARGM-ADV While he did n't comment directly on the pact between Ciba-Geigy and the university] , [ARG0 he] [rel said] [ARG1 0 Merieux can transfer new products and technologies to Connaught more rapidly than other companies `` not currently producing and marketing vaccines -LCB- who -RCB- *T*-2 can only promise this for some ... years in the future] . ''
- [ARG0 The University] [rel said] [ARG1 0 the two companies agreed *-1 to spend 25 million Canadian dollars -LRB- $ 21.3 million *U* -RRB- over 10 years on research at Canadian universities if they are successful in *-2 acquiring the vaccine maker] .
- [ARG0 It] [rel said] [ARG1 0 $ 10 million *U* would go to the University of Toronto] .
- [ARG0 It] [rel said] [ARG1 0 the new agreement would `` replace '' the old one that *T*-1 forms the basis of its suit against the Merieux takeover] .
- `` [ARG1 Notwithstanding foreign ownership of Connaught , this accord would enhance research and development in Canada] , '' [rel said] *T*-1 [ARG0 James Keffer , the university 's vice president of research] .
- [ARGM-LOC In a statement] , [ARG0 Jacques-Francois Martin , director general of Merieux ,] [rel said] [ARG1 0 the French company is still determined *-1 to acquire Connaught] .
- [ARG0 Jeremiah Mullins , head of OTC trading at Dean Witter Reynolds ,] [rel said] [ARG1 0 both institutional and retail investors were buying] .
- [ARG1 But there was a dearth of sellers] , [ARG0 traders] [rel said] 0 *T*-1 , so buyers had *-2 to bid prices up *-2 to entice them .
- `` [ARG1 There 's no pressure on OTC stocks at this point] , '' [rel said] *T*-2 [ARG0 Mr. Mullins , who *T*-1 said 0 some buyers are beginning *-3 to shop among smaller OTC issues] .
- `` There 's no pressure on OTC stocks at this point , '' said *T*-2 [ARG0 Mr. Mullins] , who *T*-1 [rel said] [ARG1 0 some buyers are beginning *-3 to shop among smaller OTC issues] .
- [ARG0 Valley National] [rel said] [ARG1 0 its $ 110 million *U* provision for credit losses and $ 11 million *U* provision for other real estate owned * is related *-1 to weakness in the Arizona real estate market] .
- [ARGM-DIS Additionally] , [ARG0 Moody 's Investors Service] [rel said] [ARG1 0 it downgraded Valley National 's senior debt and confirmed the company 's commercial paper rating of `` not prime] . ''
- [ARG0 The company] [rel said] [ARG1 0 earnings for the year ending Jan. 28 , 1990 , are expected *-1 to be 25 to 35 cents a share , compared with a previous estimate of 50 to 60 cents a share] .
- [ARG0 East Rock Partners , which *T*-1 has indicated 0 it might make a bid for the company ,] [rel said] [ARG1 0 A.P. Green , a refractory products maker , told the partnership 0 it is n't for sale] .
- [ARG0 No one around me] was [rel saying] [ARG1 anything] .
- [ARG1 Instead] , [ARG0 he] [rel says] 0 *T*-1 , `` they were cautious , and that was n't the message 0 we wanted * to deliver *T*-2 '' on Monday .
- Shearson , a 62%-owned unit of American Express Co. , did n't have enough time 0 * to update its market commentary *T*-1 so , `` [ARG1 We decided *-2 to kill our strategy pieces] , '' [rel says] *T*-3 [ARG0 Jack Rivkin , the head of Shearson 's research department] .
- `` [ARG1 When the going gets rough *T*-1 , China penalizes the efficient and rewards the incompetent] , '' [rel says] *T*-2 [ARG0 a Western economist] .
- [ARG1 And , because China 's leaders have abandoned plans * to drastically reform the economy , it is likely *-2 to continue] , [ARG0 analysts] [rel say] 0 *T*-1 .
- `` [ARG1 This will prevent a slide in industrial production , which *T*-1 will otherwise cause new panic buyings] , '' [ARG0 the spokesman] [rel said] *T*-2 .
- `` [ARG1 The economy is crashing hard] , '' [rel says] *T*-1 [ARG0 an Asian economist in Beijing] .
- `` [ARG1 There is n't any doubt that the thread of the '86 code has been given *-1 a mighty tug] , '' [rel says] *T*-2 [ARG0 Rep. Thomas Downey -LRB- D. , N.Y . -RRB-] .
- `` [ARG1 It 's back to tax-give-away time for the select few] , '' [rel says] *T*-1 [ARG0 Rep. William Gray of Pennsylvania , the third-ranking Democrat in the House] .
- [ARG1 The return of pro-investment tax breaks such as those for capital gains and IRAs `` creates more of a mood or a mindset that *T*-1 is helpful for * getting better depreciation -LRB- write-offs -RRB- or investment credits] , '' [rel says] 0 *T*-2 [ARG0 Paul Huard , a vice president for the National Association of Manufacturers] .
- `` [ARG1 If there is going *-2 to be a tax scheme that *T*-1 contemplates lower treatment of capital gains , they certainly want *-3 to be part of it] , '' [rel says] *T*-4 [ARG0 real-estate lobbyist Wayne Thevenot of Concord Associates] .
- [ARG1 They wanted reform and they got a revolution] , '' [rel says] *T*-1 [ARG0 overhaul advocate Rep. Willis Gradison -LRB- R. , Ohio -RRB-] .
- `` [ARG1 Everything is up for grabs] , '' [rel says] *T*-1 [ARG0 Theodore Groom , a lobbyist for mutual life-insurance companies] .
- [ARG0 Lufthansa AG] [rel said] [ARG1 0 passenger volume climbed 5.2 % for the first nine months of 1989 to 15.3 million passengers from 14.5 million passengers in the year-earlier period] .
- [ARG0 The West German national air carrier] [rel said] [ARG1 0 cargo volume jumped 12 % to 638,000 metric tons from 569,000 tons a year ago] .
- `` [ARG1 Japanese publishers want *-2 to be introduced *-1 to the publishing and information industries] , '' [rel said] *T*-3 [ARG0 John Veronis , chairman of Veronis Suhler] .
- `` [ARG1 Japan has been a major importer of foreign information and news] , '' [rel says] *T*-1 [ARG0 Mr. Shioya] .
- `` [ARG1 The Japanese take the long view] . '' [rel said] *T*-1 [ARG0 Mr. Veronis] .
- `` [ARG1 It may not be weeks or months , but they are also opportunistic and if they feel comfortable , they will move on a deal] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Susumu Ohara , president of Nihon Keizai Shinbun America Inc. , publisher of the Japan Economic Journal ,] [rel said] [ARG1 0 he receives telephone calls *ICH*-1 weekly from media bankers on whether his parent company is interested in *-2 buying a U.S. consumer or business magazine] .
- `` [ARG1 The Japanese are in the early stage right now] , '' [rel said] *T*-3 [ARG0 Thomas Kenney , a onetime media adviser for First Boston Corp. who *T*-2 was recently appointed *-1 president of Reader 's Digest Association 's new Magazine Publishing Group] .
- [ARG0 He] [rel said] [ARG1 0 the company expects *-1 to be `` on target '' with analysts ' projections by year end] but conceded that the fourth quarter represents `` a significant challenge . ''
- [ARG0 Philadelphia-based Bell Atlantic] [rel said] [ARG1 0 net rose 6.5 % , *-2 aided *-1 by strong growth in the network-services business and an increase in the number of new telephone lines] .
- [ARG0 The company] [rel said] [ARG1 0 per-share earnings were slightly reduced *-1 by the sale of 4.1 million shares of treasury stock to the company 's newly formed Employee Stock Ownership Plans] .
- [ARG0 Nynex] [rel said] [ARG1 0 expenses rose 4.5 % to $ 2.73 billion *U* from $ 2.61 billion *U* , a $ 119 million *U* increase] .
- `` [ARG1 Our net income is n't where we would want it to be *T*-1 at this point] , '' [rel said] *T*-2 [ARG0 William C. Ferguson , chairman and chief executive officer] .
- [ARG0 Denver-based U S West] [rel said] [ARG1 0 net income dropped 8.9 %] , [ARGM-ADV *-1 noting that the year-ago quarter included the sale of a building by its BetaWest Properties unit] .
- [ARG0 Mr. Ferguson] [rel said] [ARG1 0 a continued softness in New York City area 's economy and increased competition , particularly in the private-line market , took a heavy toll on earnings] .
- [ARG0 Nynex] [rel said] [ARG1 0 access lines in service at the end of the quarter were off 18,000 from the previous quarter , which *T*-1 reported an increase of 160,000 new access lines] .
- [ARG0 Walter H. Monteith Jr. , SNET chairman and chief executive officer ,] [rel said] : `` [ARG1 Innovative marketing of our products and services contributed *-1 to increase revenue] . ''
- [ARG0 San Francisco-based Pacific Telesis] [rel said] [ARG1 0 net declined 12.6 % , primarily because of regulatory action] .
- `` [ARG1 This is a good quarter for us in terms of our business fundamentals] , '' [rel said] *T*-1 [ARG0 Sam Ginn , chairman and chief executive officer] .
- [ARG0 Pacific Telesis] [rel said] [ARG1 0 new telephone lines increased 4.5 % for a total of about $ 13.5 million *U* for the quarter] ; toll calls increased 9.6 % to 807 million and minutes of telephone usage increased to 9.9 billion .
- `` [ARG1 On a truly comparable basis , we 've seen modest earnings growth *ICH*-1 this year from the operations of our company] , '' [rel said] *T*-2 [ARG0 Jack MacAllister , chairman and chief executive officer] .
- [ARG0 Amoco Corp.] [rel said] [ARG1 0 third-quarter net income plunged 39 % to $ 336 million *U* , or 65 cents a share , as gasoline refining and marketing profits lagged substantially behind last year 's record level] .
- [ARG1 Gasoline margins may rebound this quarter] , [ARG0 some industry officials] [rel say] 0 *T*-1 , but they believe 0 chemical margins could worsen .
- [ARG0 American Petrofina Inc. , a Dallas-based integrated oil company ,] [ARGM-TMP yesterday] [rel said] [ARG1 0 its third-quarter earnings declined by more than half] .
- [ARG0 It] [rel said] [ARG1 0 net income dropped to $ 15.1 million *U* , or 98 cents a share , from $ 35.2 million *U* , or $ 2.66 *U* a share] .
- [ARG1 Amoco 's domestic oil and natural gas operations] recorded a profit of $ 104 million *U* in the quarter compared with a loss of $ 5 million *U* , `` primarily on the strength of higher crude oil prices , '' [rel said] *T*-1 [ARG0 Chairman Richard M. Morrow] .
- [ARG0 A spokesman] [rel said] [ARG1 0 Amoco completed an environmental analysis last quarter but that no single clean-up project was responsible] .
- `` [ARG1 There are going *-2 to be very clear winners and very clear losers] , '' [rel says] *T*-1 [ARG0 Cynthia Turk , a Touche Ross & Co. retail consultant] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Steidtmann] : `` I 'm looking for a bi-polar Christmas . ''
- `` [ARG1 Traditionally , consumers were concerned *-1 about *-1 ordering after the first of December because they did n't believe 0 they would get it by Christmas] , '' [rel says] *T*-3 [ARG0 Adam Strum , chairman of the Wine Enthusiast Inc. , which *T*-2 sells wine cellars and accessories through the mail] .
- [ARG1 * Using Federal Express delivery last year] , [ARG0 Mr. Strum] [rel says] 0 *T*-1 , `` December was our biggest month . ''
- `` [ARG1 I 'm not looking for a runaway Christmas at all] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 It is n't a real boom holiday season in our eyes] , '' [rel says] *T*-1 [ARG0 Woolworth Corp. Chairman Harold E. Sells] , `` but it is n't going *-2 to be a bust either . ''
- Of the 450 survey respondents , 35 % *T*-1 said 0 they expect *-3 to spend less *ICH*-2 * buying Christmas gifts this year than last year , while [ARG0 28 %] [rel said] [ARG1 0 they expect *-4 to spend more] and 37 % said 0 their gift budget would stay the same .
- Of the 450 survey respondents , 35 % *T*-1 said 0 they expect *-3 to spend less *ICH*-2 * buying Christmas gifts this year than last year , while 28 % said 0 they expect *-4 to spend more and [ARG0 37 %] [rel said] [ARG1 0 their gift budget would stay the same] .
- `` [ARG1 For the last two and a half years , retailing has been in a mild recession] , '' [rel says] *T*-1 [ARG0 Carl Steidtmann , chief economist at the Columbus , Ohio , consulting firm] .
- I 've revised it several times and I think 0 [ARG0 I] [ARGM-MOD may] [rel say] [ARGM-MNR with pride] [ARG1 that there is not a single discordant word in the whole text] . ''
- [ARG0 Ashland Oil Inc.] [rel said] [ARG1 0 it will take after-tax charges of $ 78 million *U* , or $ 1.40 *U* a share , in its fiscal fourth quarter , ended Sept. 30] .
- [ARG0 The oil refiner] [rel said] [ARG1 0 it will report fiscal fourth quarter and 1989 results next week] .
- `` [ARG1 The -LCB- influence of the -RCB- U.S. is not being felt *-2 in Central America ; Washington 's decisions do not respond to a policy , and are divorced *-1 from reality] , '' [rel says] *T*-3 [ARG0 Fernando Volio , a Costa Rican congressman and former foreign minister] .
- [ARG0 Holiday Corp.] [rel said] [ARG1 0 net income jumped 89 % , partly on the strength of record operating income in its gaming division] .
- [ARG0 Holiday] [rel said] [ARG1 0 Salomon Brothers Inc. has been retained *-1 to act as the dealer-manager and financial adviser in connection with the offer and solicitation] .
- [ARG0 Holiday] [rel said] [ARG1 0 its 15 % notes due 1992 also will be included *-1 in the tender offer and consent solicitation at a price 0 *T*-3 to be determined *-2 by Holiday prior to the commencement of the offer] .
- [ARGM-ADV Separately] , [ARG0 the hotel and gambling giant] [rel said] [ARG1 0 it was proceeding with plans * to make a tender offer and solicit consents with respect to approximately $ 1.4 billion *U* of its publicly traded debt] .
- That debt is part of the $ 2.1 billion *U* of Holiday debt that [ARG0 Bass PLC of Britain] [rel said] [ARG1 0 it would retire or assume *T*-1] when it agreed *-2 to buy the Holiday Inn business in August *T*-3 .
- [ARG0 Holiday] [rel said] [ARG1 0 third-quarter earnings rose to $ 39.8 million *U* , or $ 1.53 *U* a share , from $ 21 million *U* , or 84 cents a share , a year earlier] .
- [ARG0 Holiday] [rel said] [ARG1 0 operating income related * to gaming increased 4.5 % to a record $ 61.4 million *U* from $ 58.8 million *U* a year earlier] .
- [ARG1 The television units of Paramount Communications Inc. and MCA Inc. are exploring the possibility of * offering prime-time programming to independent stations two nights a week] , [ARG0 industry executives] [rel say] 0 *T*-1 .
- [ARG0 Jamie Kellner , president of Fox Broadcasting ,] [rel said] , `` [ARG1 We believe 0 the partnership of Fox , its affiliates and advertisers is succeeding and will continue *-1 to grow] . ''
- [ARG0 Another Fox official , who *T*-3 declined * to be identified *-1 ,] [rel said] [ARG1 0 Fox was n't pleased *-2 by the possible Paramount-MCA venture into prime-time programming] .
- `` [ARG1 *-1 To make the venture work , they would need Fox affiliates] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 We spent a lot of time and money in *-1 building our group of stations] , '' [ARG0 he] [rel said] *T*-2 , [ARGM-ADV *-3 adding that Fox does n't `` appreciate '' another company attempting *-4 to usurp its station lineup] .
- [ARG0 Fox] [rel said] [ARG1 0 it plans *-1 to offer its stations movies , theatrical and made-for-TV ventures , probably on Wednesdays , sometime next year] .
- [ARG0 The executive] [rel said] [ARG1 0 Paramount and MCA have also held discussions with Chris-Craft Industries ' broadcasting unit , which *T*-1 owns five independent stations in cities such as Los Angeles , San Francisco and Portland , Ore] .
- [ARG0 A Chris-Craft station manager] [rel said] [ARG1 0 there have been no formal talks] .
- `` [ARG1 I think 0 it *EXP*-3 's to Fox 's advantage * to be associated *-1 with the Paramount-MCA venture] , '' [rel said] *T*-4 [ARG0 Michael Conway , station manager of WTXF , the TVX station that *T*-2 is a Fox affiliate] .
- [ARG0 Mr. Conway] [rel said] [ARG1 0 the Fox shows appearing on nights when Paramount-MCA shows would n't be offered *-2 *T*-3 could be promoted *-1 on the programs produced * by Paramount-MCA] .
- [ARG0 Michael Fisher , general manager of KTXL , a Fox affiliate in Sacramento , Calif. ,] [rel said] , `` [ARG1 The real question is whether the Paramount-MCA offering is practical] .
- [ARG0 A spokeswoman for Paramount] [rel said] [ARG1 0 the company does n't comment on speculation] .
- [ARG0 One broadcasting executive familiar with the project] [rel said] [ARG1 0 the co-venture would target stations affiliated * with Fox because Fox has the desirable independent stations in most of the key cities] .
- `` [ARG1 Banco Popular just kept *-1 waiting] , '' [rel said] *T*-2 [ARG0 Edward Thompson , a vice president and analyst at Thomson BankWatch Inc. in New York] .
- `` [ARG1 They 're often right across the street from one another] , '' [ARG0 Mr. Thompson] [rel said] *T*-1 .
- [ARG0 Richard Carrion , who *T*-1 is currently president and chief executive officer of Banco Popular ,] [rel said] [ARG1 0 the merger will result in a `` larger and stronger locally based bank] . ''
- [ARG0 The banks] [rel said] [ARG1 0 they do n't expect the merger to face any regulatory hurdles] .
- [ARG0 Mr. Carrion] [rel said] [ARG1 0 the merger should be completed *-1 in six to nine months] .
- [ARG1 BanPonce] reacted cooly at first , but appeared *-1 to be won over *-2 , [ARG0 analysts] [rel said] 0 *T*-3 , by Banco Popular 's assurances that it wanted only a friendly transaction .
- [ARGM-ADV *-1 Hit *-2 by higher costs and lower sales] , [ARG0 Caterpillar Inc.] [rel said] [ARG1 0 third-quarter earnings tumbled 43 % and full-year earnings will trail last year 's results] .
- [ARG0 The construction equipment maker] [rel said] [ARG1 0 third-quarter profit fell to $ 108 million *U* , or $ 1.07 *U* a share , from $ 190 million *U* , or $ 1.87 *U* a share , a year earlier] .
- [ARG0 The company , which *T*-2 is in a costly modernization program ,] [rel said] [ARG1 0 earnings were hurt *-1 by higher start-up and new program costs , increased costs of materials , higher wages and an $ 11 million *U* provision for bad debts in Latin America] .
- [ARGM-LOC In *-1 announcing a 1989 capital spending plan of $ 950 million *U* early this year] , [ARG0 Caterpillar] [rel said] [ARG1 0 full-year earnings would be flat compared with last year 's $ 616 million *U* , or $ 6.07 *U* a share] .
- [ARGM-DIS But] [ARGM-TMP yesterday] , [ARG0 the company] [rel said] [ARG1 0 this year 's profit will be lower] .
- [ARG0 It] did [ARGM-NEG n't] [rel say] [ARG1 by how much] .
- [ARGM-ADV *-2 Suffering from a downturn in heavy truck production that *T*-1 cut orders for its engines] , [ARG0 Caterpillar] [ARGM-DIS also] [rel said] [ARG1 0 it will indefinitely lay off about 325 workers in the Peoria area and temporarily shut its plant in York , Pa. , for two weeks in both November and December] .
- [ARG0 Millicom Inc.] [rel said] [ARG1 0 it is one of two companies 0 *T*-1 to receive a license * to introduce and operate a cellular mobile telephone system in Pakistan] .
- [ARG0 A spokeswoman for Millicom , a telecommunications company ,] [rel said] [ARG1 0 she did n't know the value of the contract] .
- [ARG0 Millicom] [rel said] [ARG1 0 it would build and operate the system in Pakistan with Comvik International AB , part of the Kinnevik group of Sweden , and Arfeen International , Pakistan] .
- `` [ARG1 We are not in any hurry * to sell '' Saks , Marshall Field or B.A.T 's other U.S. retail properties] , [rel said] 0 *T*-1 [ARG0 Chairman Patrick Sheehy] .
- [ARGM-LOC At a shareholders ' meeting in London] , [ARG0 the tobacco , financial-services and retailing giant] [rel said] [ARG1 0 it received 99.9 % approval from voting holders for plans * to spin off about $ 6 billion *U* in assets] .
- [ARG0 Company officials] [rel say] [ARG1 0 the flotations of the paper and British retailing businesses are likely only after the disposals of the U.S. retailing assets] .
- [ARG0 The company] [rel said] [ARG1 0 it acquired 2.5 million shares for 785 pence -LRB- $ 12.48 *U* -RRB- each , or a total of # 19.6 million *U* -LRB- $ 31.2 million *U* -RRB- , from its broker , Barclays de Zoete Wedd] .
- [ARG0 B.A.T] [rel said] [ARG1 0 it may make more equity purchases until the close of business today , depending on market conditions , but will cease further purchases until Nov. 22 , when it releases third-quarter results *T*-1] .
- [ARG0 Hasbro] [rel said] [ARG1 0 it had net income of $ 31.3 million *U* , or 53 cents a share , up from $ 18.1 million *U* , or 31 cents a share , a year earlier , when it took a pretax charge of $ 10 million *U* after *-2 dropping development of an interactive video entertainment system *T*-1] .
- [ARG0 The athletic footwear maker] [rel said] [ARG1 0 net rose to $ 49.9 million *U* , or 44 cents a share , from $ 37.1 million *U* , or 32 cents a share , a year earlier] .
- [ARG0 Paul Fireman , Reebok chairman and chief executive officer ,] [rel said] , `` [ARG1 Our gains in earnings provide further evidence that the controls 0 we have put *T*-1 in place and our sales mix are continuing *-2 to improve the company 's overall profit performance] . ''
- [ARG0 The company] [rel said] [ARG1 0 it expects sales to improve due to a number of new products , including a `` pump '' basketball shoe that *T*-2 can be inflated *-1 *-3 to better fit the foot] .
- [ARG0 An outside spokesman for CML] [rel said] [ARG1 0 the terms were changed *-1 to a minor extent] but would n't disclose what those changes were *T*-2 .
- [ARG0 Pitney Bowes] [rel said] [ARG1 0 the decision was based *-1 on a long-term analysis of the compatibility of Wheeler Group 's marketing business with other Pitney Bowes operations] .
- [ARG0 She] [rel said] [ARG1 0 Wheeler Group was profitable] but would n't give figures .
- [ARG0 The spokeswoman] [rel said] [ARG1 0 the company does n't have a timetable for the sale] , [ARGM-ADV *-1 adding that the board 's decision just starts the search for a buyer] .
- [ARGM-MNR Separately] , [ARG0 Pitney Bowes] [rel said] [ARG1 0 third-quarter net income gained 15 % to $ 62 million *U* , or 78 cents a share , from $ 54 million *U* , or 68 cents a share , a year ago] .
- [ARG0 The company] [rel said] [ARG1 0 the growth was led *-1 by its major operations , particularly mailing , shipping , dictating and facsimile businesses] .
- [ARG1 Steel jackets of a type that *T*-2 may have prevented collapse of the columns of a 1.5-mile stretch of the Nimitz Freeway had been installed *-1 on at least a small test section of the double-decker highway last year by California 's Department of Transportation] , [ARG0 employees familiar with the project] [rel say] 0 *T*-3 .
- [ARG0 Knowledgeable employees] [rel said] [ARG1 0 the retrofitting , which *T*-2 had n't yet been budgeted *-1 , was part of a planned , three-stage reinforcement of the Cypress structure begun * by the California transportation department several years ago] .
- `` [ARG1 We had just finished phase two '' of the Cypress project that *T*-1 involved * installing a series of retaining cables designed * 0 *T*-3 to prevent sections of the roadway from *-2 separating as a result of seismic shock] , [ARG0 a state DOT engineer] [rel said] 0 *T*-4 .
- [ARG0 Knowledgeable employees] [rel said] [ARG1 0 the project had been stymied *-1 somewhat by `` the difficulty of * designing '' the jackets] .
- [ARG0 The employees] [ARGM-DIS also] [rel said] [ARG1 0 the project may have been snagged *-1 by budgetary concerns] .
- [ARG0 Gov. George Deukmejian] , who *T*-2 [rel said] [ARG1 0 he had been assured *-1 by state transportation officials that the structure could withstand an even larger quake] , called for an immediate investigation .
- `` [ARG1 I want *-3 to know who *T*-1 made the decision that it *EXP*-4 was safe for 186,000 people to use every day] , '' [rel said] *T*-5 [ARG0 Richard Katz , a state legislator who *T*-2 is chairman of the California Assembly 's transportation committee] .
- [ARG0 He] [rel said] [ARG1 0 he would convene hearings within two weeks] .
- [ARG0 Transportation department officials] , [ARGM-DIS however] , [rel said] [ARG1 0 they were as surprised as anyone by the Cypress destruction] .
- [ARG0 They] [rel said] [ARG1 0 previous earthquakes suggested that multiple-column viaducts would stand up well , although they were working on ways 0 * to bolster them *T*-1] .
- `` [ARG1 Unfortunately , there is only one laboratory for * developing techniques 0 * to withstand earthquakes *T*-1 , and that is an earthquake] , '' [rel said] *T*-2 [ARG0 Burch Bachtold , San Francisco district director for the transportation department] .
- [ARG0 He] [rel said] : `` [ARG1 We know of no technology that *T*-1 exists anywhere in the world that *T*-2 would allow us to '' reinforce the columns] .
- [ARGM-LOC In Sacramento] , [ARG0 a transportation department spokesman] [rel said] [ARG1 0 he could n't immediately confirm or deny existence of the test work] .
- [ARG0 Financial Corp. of Santa Barbara] [rel said] [ARG1 0 it rescheduled to Nov. 29 a special shareholder meeting 0 * to vote on a $ 75 million *U* stock-for-debt exchange *T*-1] .
- [ARG1 However , that figure could be revised *-1] , [ARG0 Financial Corp.] [rel said] 0 *T*-2 .
- [ARG1 We are prepared *-1 to support those changes] , '' [rel said] *T*-2 [ARG0 Mr. Mosbacher] .
- `` [ARG1 The change taking place in the Soviet Union , Poland and Hungary has aroused new hope *ICH*-2 in both German states that reforms will be undertaken *-1 in -LCB- East Germany -RCB- , and that relations between the two German states , too , will get better] , '' [rel said] *T*-3 [ARG0 Foreign Minister Hans-Dietrich Genscher] .
- [ARGM-ADV *-2 Addressing a conference of the New York-based Institute for East-West Security Studies in Frankfurt yesterday] , [ARG0 Mr. Genscher] [rel said] , `` [ARG1 History will judge us by whether we have taken the opportunities that *T*-1 emerge from these reforms] . ''
- [ARG1 The ultimate aim of Western support for East bloc reforms] , [ARG0 he] [rel said] 0 *T*-1 , is * to create `` an equitable and stable peaceful order in Europe from the Atlantic to the Urals . ''
- [ARG0 Mattel Inc.] [rel said] [ARG1 0 third-quarter net income rose 73 % , to $ 38 million *U* , or 76 cents a share , from $ 21.9 million *U* , or 45 cents a share , a year ago] .
- `` [ARG1 Mattel 's world-wide volume has grown 25 % in a climate of relatively flat industry sales] , '' [rel said] *T*-1 [ARG0 John W. Amerman , chairman] .
- [ARG0 He] [rel said] [ARG1 0 the toy company 's `` prospects for a strong fourth quarter '' are also good] .
- [ARG0 Mattel] [rel said] [ARG1 0 the company 's sale of rights to land and buildings at its Hawthorne , Calif. , headquarters resulted in a $ 13 million *U* charge to third-quarter operating profit] .
- [ARG0 Pro-life advocates] [rel say] [ARG1 0 the White House never wavered over the veto] .
- The White House , *-2 never eager for a fight , was happy *-2 to try , which *T*-1 is why [ARG0 George Bush] [rel said] [ARG1 0 he was looking for `` flexibility ''] [ARGM-TMP last week] .
- [ARG0 Eddie Mahe , a Republican consultant ,] [rel says] [ARG1 0 the two GOP candidates could have avoided trouble if they had framed the issue first] .
- [ARG0 Darla St. Martin , of the National Right to Life Committee ,] [rel says] [ARG1 0 exit polls from the 1988 election had single-issue , pro-life voters giving Mr. Bush about five more percentage points of support than pro-choice voters gave Michael Dukakis] .
- [ARG0 GOP pollster Neil Newhouse , of the Wirthlin Group ,] [rel says] [ARG1 0 polls this summer showed that the single-issue voters had about evened out] .
- [ARG0 Even the president 's doctor , Burton Lee ,] has [rel said] [ARGM-LOC on the record] [ARG1 that he 'd love *-1 to be surgeon general but could n't pass the pro-life test] .
- -LRB- [ARG0 The lobby] [rel says] [ARG1 no] [ARGM-TMP again] . -RRB-
- [ARG1 Before good will , Overnite Transportation earnings fell 11 % to $ 15 million *U*] , [ARG0 Union Pacific] [rel said] *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 its Union Pacific Railroad had a 3 % profit increase , despite a 14 % rise in fuel costs and a 4 % drop in car loadings] .
- [ARG1 Most of the commodity traffic was off] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 Earnings from continuing operations of the Union Pacific Resources unit almost doubled] , [ARG0 the company] [rel said] 0 *T*-1 .
- John Christie , a lawyer here for the two Chicago Title & Trust units accused the FTC of *-1 `` second-guessing '' state-level regulations , with which , [ARG0 he] [rel said] 0 [ARG1 *T*-3] , his clients had complied *T*-2 .
- [ARG0 A lawyer for Lawyers Title] [rel said] [ARG1 that , because the named companies no longer use the type of cooperative rating bureaus attacked * by the FTC , the commission 's order wo n't have much practical impact] .
- [ARG0 MARK RESOURCES INC. , Calgary , Alberta ,] [rel said] [ARG1 0 it agreed *-1 to sell 75 million Canadian dollars -LRB- US$ 63.9 million *U* -RRB- of 8 % convertible debentures to a group of securities dealers] .
- [ARG0 Mark , an oil and gas concern ,] [rel said] [ARG1 0 the 15-year debentures are convertible before maturity at C$ 12.50 *U* for each Mark common share , and can be redeemed *-1 at the company 's option , under certain conditions , after Nov. 30 , 1992] .
- [ARG1 The government will try *-1 to sell all the real estate managed * by the Federal Asset Disposition Association in one fell swoop] , [rel said] 0 *T*-2 [ARG0 William Seidman , chairman of the Federal Deposit Insurance Corp] .
- [ARG1 The properties held * by FADA wo n't be sold *-1 piecemeal] , [ARG0 Mr. Seidman] [rel said] 0 *T*-2 [ARGM-LOC in a speech before Southern Methodist University Business School in Dallas] .
- `` [ARG1 You need *-1 to buy the entire lot] , '' [ARG0 Mr. Seidman] [rel said] *T*-2 , `` so * get out your checkbooks .
- [ARG0 One early user , David Semmel , a Chicago venture capitalist and investor in Desktop Data ,] [rel says] [ARG1 0 he uses it *-1 to track takeover developments] .
- [ARG0 He] [rel says] [ARG1 0 he told NewsEdge *-1 to look for stories containing such words as takeover , acquisition , acquire , LBO , tender , merger , junk and halted] .
- `` [ARG1 I 'm pretty confident 0 I 'm catching everything] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Jeffrey Tarter , editor of SoftLetter , a Watertown , Mass. , industry newsletter ,] [rel says] : `` [ARG1 I 've seen a lot of people fooling around on the fringes of filtering information] .
- `` [ARG1 We are operating an information refinery that *T*-1 takes a broad stream of raw data and turns it into actionable knowledge] , '' [rel says] *T*-2 [ARG0 Yosi Amram , founder and president] .
- `` [ARG1 They want the full press releases on printer announcements by their competition] , '' [ARG0 Mr. Amram] [rel says] *T*-1 .
- [ARG1 If a customer asks for stories about `` IBM , '' the computer will also supply stories that *T*-1 mention `` I.B.M. , International Business Machines , or Big Blue] , '' [ARG0 Mr. Amram] [rel says] 0 *T*-2 .
- [ARG1 Computer picking is n't perfect] , '' [rel says] *T*-1 [ARG0 Harvey Golomb , president and founder of Pinpoint] .
- `` [ARG1 Filtered news is what people want *T*-2] , '' [rel says] *T*-3 [ARG0 Esther Dyson , editor of Release 1.0 , an industry newsletter that *T*-1 spots new developments] .
- [ARG0 Mr. Golomb] [rel says] [ARG1 0 each of his computers can produce and send about 75 unique newsletters a night] .
- `` [ARG1 All these interconnected computers make it *EXP*-4 difficult * to sort out what *T*-1 's junk and what *T*-2 's important] , '' [rel says] *T*-5 [ARG0 Chuck Digate , a former Lotus Development executive who *T*-3 has started a new company 0 *T*-6 to cope with the problem] .
- [ARG0 Mr. Digate] [rel says] [ARG1 0 his firm , Beyond Inc. , has licensed technology known * as Information Lens from Massachusetts Institute of Technology and plans *-1 to develop it for commercial use] .
- [ARG0 Mr. Digate] [rel says] [ARG1 that Beyond will refine the product `` so the message will be smart enough 0 *T*-1 to know *-2 to come back and bother you again next week] . ''
- `` [ARG1 With E-mail , you do n't have the visual clues of paper] , '' [rel says] *T*-1 [ARG0 Mr. Tarter , the editor of SoftLetter] .
- [ARG0 Geoffrey Goodfellow , who *T*-1 dropped out of high school back in the 1970s *-2 to manage a computer network at a California research firm ,] [rel says] : `` [ARG1 Old network hands have started *-3 to turn off the network because they do n't have time 0 * to wade through the muck *T*-4] . ''
- `` [ARG1 I see it as a sewage treatment plant] , '' [ARG0 he] [rel says] *T*-1 .
- The sums awarded * to Messrs. Kelly and Newcomb represent bonuses 0 [ARG0 the two men] [rel said] [ARG1 0 they deserved *T*-3 from the first half of 1988] , but which *T*-2 were n't paid *-1 because of a dispute over an incentive contract .
- [ARG0 Jeffrey L. Liddle , the two men 's attorney at Liddle , O'Connor , Finkelstein & Robinson ,] [rel said] [ARG1 0 Mr. Kelly began *-1 working at Dean Witter in 1987] .
- [ARG0 DILLARD DEPARTMENT STORES Inc.] [rel said] [ARG1 0 it offered $ 50 million *U* of 9 1\/2 % debentures due 2001 at par] .
- [ARG0 The Little Rock , Ark. , department-store retailer] [rel said] [ARG1 0 proceeds will be used *-1 * to reduce short-term debt] .
- [ARG0 American Brands Inc.] [rel said] [ARG1 0 third-quarter net income rose 13 % , *-1 reflecting strong gains in its tobacco and distilled spirits businesses] .
- [ARG0 The company , which *T*-1 also has businesses in life insurance , office products and hardware , and home-improvement products ,] [rel said] [ARG1 0 net income rose to $ 166.4 million *U* , or $ 1.71 *U* a share , from $ 146.8 million *U* , or $ 1.53 *U* a share , a year earlier] .
- [ARG0 Democratic counterpart Mitchell] , [ARGM-ADV *-4 asked *-2 *-3 to interpret Darman 's threat * to make permanent the across-the-board Gramm-Rudman cuts that *T*-1 took effect this week] , [rel says] , `` [ARG1 I do n't even bother *-5 to interpret them] . ''
- [ARGM-TMP Before he was confirmed *-1] , [ARG0 Sullivan] [rel said] [ARG1 0 he had `` reservations about any blanket prohibitions on medical research .] ''
- [ARG1 But] now , [ARG0 an official] [rel says] 0 *T*-3 , he is `` surrounded *-1 by right-to-lifers , '' who *T*-2 contend that any breakthroughs in fetal-tissue research could increase the demand for abortions .
- [ARG0 Defense experts] [rel say] [ARG1 0 joint projects are increasingly squeezed *-1 by budget pressures and the desire * to save domestic jobs] ; some also fear rising protectionism as European unity nears .
- `` [ARG1 If you do n't know what the rules of the game are *T*-1 , it *EXP*-2 's hard * to start your fund-raising or design] , '' [rel said] *T*-3 [ARG0 Dana Smith , an official with Team Dennis Conner] .
- [ARG1 The Conner team wo n't be able *-3 to negotiate with corporate sponsors until the suit is resolved *-1 and the race site is determined *-2] , [ARG0 Mr. Smith] [rel said] 0 *T*-4 , and the syndicate 's budget could easily reach $ 30 million *U* .
- [ARGM-DIS But] [ARG0 spokesmen for both Mr. Isler and Mr. Conner] [rel say] [ARG1 0 the formation of the new syndicate has * to do with Mr. Isler 's desire * to skipper his own team and begin *-1 planning now , rather than any falling out between the two sportsmen] .
- `` [ARG1 We have the structure , people and plan] , '' [ARG0 Mr. Isler] [rel said] *T*-1 [ARGM-LOC in a statement] .
- [ARG0 Mary E. Sommer , corporate counsel for Stamford ,] [rel said] [ARG1 0 the city has discussed several possible plans for * displaying the mural , which *T*-1 portrays various scenes from the Great Depression] .
- [ARG0 She] [rel said] [ARG1 0 the mural `` preserves an era in Stamford and in our country when this type of work was being done *-1 *T*-2] .
- [ARG1 Balmy temperatures are forecast *-1 for next week] , [rel said] 0 *T*-2 [ARG0 Robert Lekberg , an analyst at Farmers Grain & Livestock Corp. , Chicago] .
- [ARG1 One price-depressing development was the lower-than-expected increase of only 0.2 % in the consumer price index for September] , [ARG0 an analyst] [rel said] 0 *T*-1 .
- [ARG1 Also] , [ARG0 the analyst] [rel said] 0 *T*-1 , economic circumstances are such that both South Africa and the Soviet Union , the principal gold and platinum producers , are being forced *-2 to continue *-3 selling the metals .
- [ARG1 Both are in great need of foreign exchange , and South Africa is also under pressure * to meet foreign loan commitments] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 * Putting it all together , we have a negative scenario that *T*-1 does n't look like it will improve overnight] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 In recent days , however , there has been increased purchasing of copper in London] , [ARG0 an analyst] [rel said] 0 *T*-1 .
- [ARG1 So] , [ARG0 one analyst] [rel said] , even though the long-term production problems may be easing , there will still be a significant need for copper over the next three months , when inventories will remain relatively low *T*-1 .
- `` [ARG1 My prediction is 0 there will be mass litigation over errors and omissions in engineering and contracting] , '' [rel says] *T*-1 [ARG0 Stanley Chesley , a well-known Cincinnati plaintiffs lawyer] .
- [ARG0 The flamboyant and publicity-conscious Mr. Belli] [rel says] [ARG1 0 he already has investigators looking into who *T*-2 could be held *-1 liable for the damage on the Bay Bridge and the interstate approaching it] .
- `` [ARG1 We wo n't know until the smoke clears -- but yes , we 're looking into it] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Mr. Belli] [rel says] [ARG1 0 he wants *-1 to know whether state or federal engineers or private companies could have prevented the damage] .
- [ARG0 Mr. Belli , who *T*-1 was at Candlestick Park for the World Series Tuesday night ,] [rel says] [ARG1 0 he has hired civil engineers to check out his own mildly damaged building and to investigate the bridge collapse] .
- [ARG0 Defense lawyers] , [ARGM-ADV perhaps understandably] , [rel say] [ARG1 that plaintiffs ' lawyers taking such an approach will have little success in * pursuing their claims] , [ARGM-ADV though they add that the facts of each case must be looked at *-1 individually] .
- `` [ARG1 A lot of this is going *-1 to be code-related] , '' [rel says] *T*-2 [ARG0 Ignazio J. Ruvolo , a construction law specialist at Bronson , Bronson & McKinnon , a San Francisco law firm] .
- [ARG1 Plaintiffs] , [ARG0 he] [rel says] 0 *T*-2 , will argue that damaged structures were n't built *-1 to proper design standards .
- But [ARG1 if defendants can prove that they met San Francisco 's stringent building codes , `` that 's probably going *-1 to protect them] , '' [ARG0 Mr. Ruvolo] [rel says] 0 *T*-2 .
- [ARG1 Under the statute , agencies are provided *-1 `` defenses that *T*-2 normally are n't available in the private sector] , '' [ARG0 Mr. Ruvolo] [rel says] 0 *T*-3 .
- [ARG1 The state is protected *-1 when plans and designs for public structures were approved *-2 ahead of time *T*-3 or when structures met previously approved standards *T*-4] , [rel says] 0 *T*-5 [ARG0 Mr. Covert] .
- [ARG0 He] [rel said] [ARG1 0 he set up shop on the sidewalk in front of his town-house office and helped victims apply for federal aid -- free of charge] .
- [ARG0 The association] [rel said] [ARG1 0 it would monitor the conduct of lawyers] and warned that solicitation of business is unethical .
- [ARG0 Experts on California tort law] [rel say] [ARG1 0 protections afforded * government agencies in such cases are pretty ironclad] .
- [ARG0 Mr. Cook] [rel said] [ARG1 that last June , the international executive committes of Deloitte and Touche agreed to a world-wide merger] .
- `` [ARG1 The merger is proceeding according to plan , except as to the withdrawal of the Deloitte U.K. firm] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Partners at other accounting firms] [rel say] [ARG1 that the Deloitte firm in the U.K. is filing the suit *-1 to get even with the merged Deloitte-Touche firm for *-2 keeping major auditing work in England] .
- [ARGM-LOC In New York] , [ARG0 Harris Amhowitz , general counsel of Coopers ,] [rel said] [ARG1 0 Coopers `` was aware of the litigation] , '' but he declined further comment .
- [ARG0 John Bullock , senior partner of Deloitte in the U.K. ,] [rel said] `` [ARG1 the decision * to start these proceedings has n't been taken *-1 lightly] . ''
- [ARG0 Mr. Bullock] [rel said] [ARG1 0 the British firm has used the name `` Deloitte '' since 1845] .
- [ARG0 John C. Burton , an accounting professor at Columbia University 's Graduate School of Business ,] [rel said] `` [ARG1 there 's a lot of emotion involved * in the name of an accounting firm with a long history and with roots in England , where accounting predates the U.S. *T*-1] . ''
- [ARG1 Although accountants are n't noted *-1 as `` *-2 being deeply emotional , they really hold it all in] , '' [rel said] *T*-3 [ARG0 Mr. Burton , former chief accountant of the Securities and Exchange Commission] .
- [ARG0 J. Michael Cook , chairman of Deloitte , Haskins & Sells International ,] [rel said] [ARG1 0 he believes the legal action by the British firm `` to be without merit] . ''
- [ARG0 Administration officials] [ARGM-DIS also] have [rel said] [ARG1 that Washington Mayor Marion Barry has delayed consideration of sites in the city] .
- `` [ARG1 Politics has essentially put up a roadblock '' to * finding sites for new federal prisons] , [ARG0 Mr. Bennett] [rel said] 0 *T*-1 [ARGM-LOC at a news conference called * * to report on his `` emergency assistance program '' for the capital] .
- `` [ARG1 You need *-1 to capitalize on these moments when you have everyone 's attention *T*-2] , '' [ARG0 she] [rel says] *T*-3 .
- `` [ARG1 We were talking about *-2 scheduling a practice drill for November] , '' [rel says] *T*-1 [ARG0 Joan Tharp , a spokeswoman] .
- `` [ARG1 That means 0 we can accept orders '' and begin *-2 getting back to normal] , [rel says] 0 *T*-1 [ARG0 Ms. Tharp] .
- `` [ARG1 Some people flat out did n't know what * to do *T*-1] , '' [rel says] *T*-2 [ARG0 Robert G. Lee , vice president for emergency planning and corporate security at Great Western] .
- [ARG0 Others] [rel say] [ARG1 0 they feel confident that steps 0 they 've already taken *T*-1 would see them through a disaster] .
- [ARG1 Still] , [rel says] *ICH*-2 [ARG0 Mr. Lee] : `` We need *-3 to educate people that they need *-4 to get to a phone somehow , some way , *-5 to let someone know what their status is *T*-1 . ''
- `` [ARG1 We feel 0 we are doing everything 0 we can *?* *T*-2] , '' [ARG0 an Occidental spokesman] [rel says] *T*-1 .
- [ARG1 Vista Chemical Co. , with three chemical plants in and near Lake Charles , La. , `` prepares for every hurricane that *T*-1 enters the Gulf of Mexico] , '' [rel says] 0 *T*-2 [ARG0 Keith L. Fogg , a company safety director] .
- `` [ARG1 There are just tons of things that *T*-2 have *-4 to be considered *-1] , '' [ARG0 Mr. Fogg] [rel says] *T*-3 .
- `` [ARG1 Self-sufficiency has *-2 to be the cornerstone of your plan] , '' [rel says] *T*-1 [ARG0 Stephanie Masaki-Schatz , manager of corporate emergency planning at Atlantic Richfield Co. in Los Angeles] .
- Ms. Levine told her employer that she was pregnant in February ; [ARG1 a month later] , [ARG0 the suit] [rel says] 0 *T*-2 , the restaurant manager told Ms. Levine that she would be demoted *-1 to his assistant because he felt 0 customers would be uncomfortable with a pregnant maitre 'd .
- [ARG0 Kary Moss , an attorney with the ACLU 's Women 's Rights Project ,] [rel said] , `` [ARG1 They wanted a svelte-looking woman , and a pregnant woman is not svelte] .
- [ARG0 Ms. Moss] [rel said] [ARG1 0 Ms. Levine secretly taped many conversations with her bosses at the Odeon in which they told her 0 she was being fired as maitre 'd because she was pregnant *T*-1] .
- [ARG0 He] [rel said] [ARG1 0 Ms. Levine had never been fired *-1 , although she had stopped *-2 working at the restaurant] .
- `` [ARG1 The Odeon made a written offer *ICH*-1 to Marcia Levine on July 10 * to return to work as the maitre 'd , at the same pay , same hours and with back pay accrued *] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Mr. Aloe] [rel said] [ARG1 0 the Odeon `` has no policy against * hiring pregnant people] . ''
- [ARG0 Lawyers representing five of the seven defendants in the case] [rel say] [ARG1 0 their clients can no longer afford their services] .
- [ARG0 The defense lawyers , three of whom *T*-1 are solo practitioners ,] [rel say] [ARG1 0 they ca n't afford *-2 to put their law practices on hold for another seven-month trial] .
- [ARG0 Some of the lawyers] [rel say] [ARG1 0 they would continue *-1 to represent their clients if the government pays their tab as court-appointed lawyers] .
- [ARG0 Assistant U.S. Attorney Terry Hart of Dallas] [rel says] [ARG1 0 the government will oppose any efforts * to bring in a new defense team because it would delay a retrial] .
- [ARGM-TMP Earlier this week] , [ARG0 a Fifth Circuit appellate panel] upheld Judge Maloney 's dismissal of Mr. Gaubert 's claim as a shareholder but [rel said] [ARG1 0 the judge should reconsider Mr. Gaubert 's claim for the loss of his property] .
- [ARG0 Mr. Gaubert 's lawyer , Abbe David Lowell of Washington , D.C. ,] [rel says] [ARG1 0 the impact of the ruling on other cases involving thrift takeovers will depend on the degree of similarity in the facts] .
- `` [ARG1 I do n't know if this will affect one institution or a hundred] , '' [ARG0 Mr. Lowell] [rel says] *T*-1 .
- [ARG0 John S. Reidy , an analyst for Drexel Burnham Lambert Inc. ,] [rel said] , `` [ARG1 The Times faces the same problem of other publishers : linage is down] .
- [ARGM-LOC In the quarterly report] , [ARG0 Arthur Ochs Sulzberger , New York Times Co. chairman and chief executive officer ,] [rel said] [ARG1 0 negative factors affecting third-quarter earnings will continue] .
- [ARG0 Mr. Sulzberger] [rel said] [ARG1 0 the scheduled opening of a new color-printing plant in Edison , N.J. , in 1990 would involve heavy startup and depreciation costs] .
- `` [ARG1 With the Edison plant coming on line next summer , the Times is facing some tough earnings comparison in the future] , '' [rel said] *T*-1 [ARG0 Peter Appert , an analyst with C.J. Lawrence , Morgan Grenfell] .
- [ARG0 Analysts] [rel said] [ARG1 0 they were impressed *-1 by the performance of the company 's newspaper group , which *T*-2 consists of the Times , 35 regional newspapers and a one-third interest in the International Herald Tribune] ; group operating profit for the quarter increased slightly to $ 34.9 million *U* from $ 34.5 million *U* on flat revenue .
- [ARG0 Analysts] [rel said] [ARG1 0 the company 's troubles mirror those of the industry] .
- `` [ARG1 We expect next year to be a fairly soft year in newspaper-industry advertising] , '' [rel said] *T*-1 [ARG0 John Morton , an analyst for Lynch , Jones & Ryan] .
- [ARG0 The government] [rel said] [ARG1 0 consumer prices rose only 0.2 % last month] .
- [ARG1 That news , plus recent signs of economic sluggishness , greatly increases pressure *ICH*-1 on the Federal Reserve * to ease credit further , which *T*-2 in turn would be good news for stocks] , [ARG0 investment managers] [rel say] 0 *T*-3 .
- `` [ARG1 I see a lot of evidence indicating a slower economy , and that means 0 my interest-rate outlook has a downward tilt] , '' [rel said] *T*-1 [ARG0 Garnett L. Keith Jr. , vice chairman of Prudential Insurance Co. of America , one of the nation 's largest institutional investors] .
- [ARG1 Fed officials probably wo n't drive down rates immediately] , [ARG0 Mr. Keith] [rel said] 0 *T*-1 .
- `` [ARG1 We 're not out of the woods yet by any means] , '' [rel said] *T*-1 [ARG0 George R. Mateyo , president and chief executive of Carnegie Capital Management Co. , Cleveland] .
- [ARG0 Mercury Savings & Loan Association] [rel said] [ARG1 0 it retained Merrill Lynch Capital Markets as its lead investment banker 0 *T*-1 to advise it regarding a possible sale or other combination of the Huntington Beach , Calif. , thrift] .
- [ARG0 Mercury , which *T*-2 has assets of more than $ 2 billion *U* and 24 branches in California ,] [rel said] [ARG1 0 the action * to improve its regulatory capital position is related *-1 directly to new capital requirements mandated * by recently adopted federal legislation] .
- [ARG0 Mercury] [ARGM-DIS also] [rel said] [ARG1 0 it extended its two-year advisory relationship with Montgomery Securities of San Francisco] .
- *-1 Watching Congress sweat and grimace through its annual budget labors , *-2 fighting the urge * to spend more , we 're reminded of those late-night movies in which [ARG0 the anguished serial killer] turns himself in to police and [rel says] , `` [ARG1 * Stop me before I kill again] *T*-3 . ''
- `` [ARG1 Frankly , as I was walking back *-2 to get in my car , I heard many , many people ... opening champagne bottles and celebrating individual victories that some of us had accomplished *T*-1 in *-3 getting our little deal in the tax bill and winking at this person for *-4 slipping this in] , '' [ARG0 he] [rel said] *T*-5 .
- Banks indicated 0 they were operating at greater than 90 % of their usual capacity , but [ARG0 a Nob Hill hotel] [rel said] [ARG1 0 tourists had fled , *-1 leaving the previously full hotel with an 80 % vacancy rate] .
- `` [ARG1 That is a minimum figure , and I underscore minimum] , '' [rel said] *T*-1 [ARG0 House Speaker Thomas Foley -LRB- D. , Wash . -RRB-] [ARGM-TMP after *-2 conferring with California lawmakers] .
- [ARGM-LOC Among the city 's banks] , [ARG0 Bank of America] [rel said] [ARG1 0 all but eight of its 850 branches were open] .
- [ARG1 Securities-trading operations were moved *-1 to Bank of America 's Concord office , and foreign-exchange trading operations were shifted *-2 to Los Angeles] , [ARG0 the bank] [rel said] 0 *T*-3 .
- [ARG0 Wells Fargo & Co.] [rel said] [ARG1 0 its Emergency Operations Committee -- which *T*-1 met all night Tuesday -- moved its global-funds transfer system to El Monte , Calif. , 500 miles to the south] .
- [ARG0 White House spokesman Marlin Fitzwater] [rel said] [ARG1 0 there is enough money on hand 0 *T*-1 to deal with immediate requirements] .
- `` [ARG1 We feel 0 we have the money necessary * to handle the immediate , short-term requirements] , '' [ARG0 Mr. Fitzwater] [rel said] *T*-1 .
- [ARG1 A major chunk of the $ 2 billion *U* is expected *-1 to be eaten up *-2 by overtime for city workers deployed * in the emergency] , [rel said] 0 *T*-3 [ARG0 a spokesman for Mr. Agnos] .
- `` [ARG1 All of the city 's $ 5.9 million *U* emergency reserve was spent in the first 24 hours '' on overtime salaries] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARGM-LOC At Fireman 's Fund Corp.] , [ARG0 a spokesman] [rel said] [ARG1 0 142 claims were received *-1 in the first 24 hours after the quake , and the company is braced *-2 for as many as 5,000 claims from its 35,000 residential *RNR*-3 and 35,000 business *RNR*-3 policyholders in the affected area] .
- `` [ARG1 Claims range from a scratched fender -- and there were an awful lot of cars damaged * in this -- to a major processing plant] , '' [ARG0 a spokesman] [rel said] *T*-1 .
- [ARG0 Officials] [rel say] [ARG1 0 it *EXP*-1 is clear that alternate routes ca n't handle the overflow] .
- [ARG0 One of the last big employers in the Silicon Valley 0 *T*-1 to report in , Seagate Technology ,] [rel said] [ARG1 0 it expects *-2 to be back at full strength Monday] .
- [ARG1 Even so , `` We 're looking for chaos] , '' [rel said] 0 *T*-1 [ARG0 George Gray , a deputy district director at the California Department of Transportation] .
- `` [ARG1 Everyone left] , '' [rel said] *T*-1 [ARG0 Peter Lang , reservations manager of the Mark Hopkins Hotel] .
- `` [ARG1 We still have our die-hard baseball fans] , '' [ARG0 a spokesman] [rel said] *T*-1 .
- `` [ARG0 One lady from New York] [rel said] [ARG1 0 she 's not going home until the -LCB- World Series -RCB- is over] . ''
- [ARGM-ADV *-1 Echoing the response of almost all big corporations in the Bay Area] , [ARG0 Don Waite , Seagate 's chief financial officer ,] [rel said] , `` [ARG1 I would n't expect this to have any significant financial impact] . ''
- [ARG0 Some of our sources in Thailand] [rel say] [ARG1 0 the notorious old Khmer Rouge leader , Pol Pot , has been holed *-1 up this summer in Khmer Rouge camps near the Thai-Cambodian border] .
- [ARG0 The State Department] [rel says] [ARG1 that any Khmer Rouge participation would have *-1 to be `` minimal] . ''
- [ARG0 Cipher Data , a San Diego maker of magnetic tape peripherals and optical disc drives ,] [rel said] [ARG1 0 the loss included reserves of $ 3.8 million *U* related to a corporate restructuring] .
- [ARG1 The restructuring calls for a 24 % reduction in its work force over the next two months , *-2 affecting about 525 jobs] , [ARG0 Cipher Data] [rel said] 0 *T*-1 .
- [ARG0 Cipher Data] [rel said] [ARG1 0 Mr. Marinaro consequently has resigned from those posts and from the company 's board] .
- [ARG0 FileNet Corp. , Costa Mesa , Calif. ,] [rel said] [ARG1 0 it expects *-2 to report a third-quarter loss of about $ 1.8 million *U* , or 17 cents a share , because of a $ 2.5 million *U* reserve 0 *T*-3 to be taken *-1 against potential losses on a contract with the state of California] .
- [ARG0 The maker of document image processing equipment] [rel said] [ARG1 0 the state procurement division had declared FileNet in default on its contract with the secretary of state uniform commercial code division] .
- [ARG0 FileNet] [rel said] [ARG1 0 it does n't believe 0 the state has a valid basis of default and is reviewing its legal rights under the contract] , but said 0 it ca n't predict the outcome of the dispute .
- [ARG0 FileNet] said 0 it does n't believe 0 the state has a valid basis of default and is reviewing its legal rights under the contract , [ARGM-DIS but] [rel said] [ARG1 0 it ca n't predict the outcome of the dispute] .
- [ARG0 Clinton Gas Systems Inc.] [rel said] [ARG1 0 it received a contract *ICH*-1 from Timken Co. , Canton , Ohio , * to manage the natural gas purchasing , scheduling and transportation activities for Timken 's seven Ohio *ICH*-2 and two Pennsylvania *ICH*-2 plants] .
- [ARG0 Clinton] [rel said] [ARGM-LOC in Columbus , Ohio ,] [ARG1 that its Clinton Gas Marketing unit wants *-1 to line up a number of such gas management contracts] .
- [ARG1 Manufacturers frequently do n't have anyone who *T*-1 is a specialist in natural gas] , [ARG0 Clinton] [rel said] 0 *T*-2 , and a specialist such as Clinton can save them substantial amounts of money .
- `` [ARG1 Texas has lost its distinctiveness , * leaving Texans with a hunger * to feel proud about themselves] , '' [rel says] *T*-1 [ARG0 Stephen Klineberg , a sociology professor at Rice University , Houston] .
- [ARGM-ADV In *-1 developing that theme at Interpublic Group of Cos . ' Lintas : New York unit] , [ARG0 account supervisor Lisa Buksbaum] [rel says] [ARG1 0 she made a `` couple of phone calls '' to Dallas ad friends and reported her `` findings '' to a team of writers] .
- `` [ARG1 You know] , '' [ARG0 she] [rel says] *T*-1 , `` stereotypical stuff like armadillos , cowboys and football . ''
- `` [ARG1 Obviously , pride sells in Texas] , '' [rel says] *T*-2 [ARG0 a spokeswoman for Bozell Inc. , Omaha , Neb. , which *T*-1 represents]
- [ARG0 Young & Rubicam] , [ARGM-ADV *-1 fighting charges that it bribed Jamaican officials *-2 to win the Jamaica Tourist Board ad account in 1981] , [rel said] [ARG1 0 it will no longer create the tourist board 's advertising] .
- [ARGM-LOC In a statement] , [ARG0 Alex Kroll , Young & Rubicam 's chairman ,] [rel said] `` [ARG1 under the present circumstances -LCB- we -RCB- have agreed that it *EXP*-1 is prudent * to discontinue that contract] . ''
- [ARG0 It] [rel says] [ARG1 0 it may pull its clients ' ads from those magazines] .
- [ARG0 Coca-Cola Co.] [rel said] [ARG1 0 it produced a new version of its 1971 `` I 'd like *-1 to teach the world *-2 to sing '' commercial] .
- [ARG0 Dell Computer Corp.] , [ARGM-ADV squeezed * by price pressure from its larger competitors and delays in its new product line] , [rel said] [ARG1 0 its per-share earnings for fiscal 1990 will be half its previous forecasts] .
- Although [ARG0 the personal computer maker] [rel said] [ARG1 0 it expects revenue to meet or exceed previous projections of $ 385 million *U* for the year ending Jan. 28 , 1990] , earnings are expected *-1 to be 25 cents to 35 cents a share , down from previous estimates of 50 cents to 60 cents .
- [ARG0 Mr. Dell] said 0 he does n't expect a loss in either the third or fourth quarter , [ARGM-DIS but] [rel said] [ARG1 0 third-quarter earnings could be as low as four cents a share] .
- [ARG0 Mr. Dell] [rel said] [ARG1 0 he does n't expect a loss in either the third or fourth quarter] , but said 0 third-quarter earnings could be as low as four cents a share .
- [ARGM-LOC In a joint statement] , [ARG0 the two companies , whose combined holdings *T*-2 equal 52.7 % of Sun Life 's ordinary shares ,] [rel said] [ARG1 0 their agreement is aimed *-1 at * reducing `` the uncertainty and instability for Sun Life that *T*-3 has resulted from two major shareholders owning '' a controlling interest in the company] .
- [ARG0 Pride Petroleum Services Inc.] [rel said] [ARG1 0 it agreed *-1 to buy well-servicing assets of two companies and expects *-1 to report higher third-quarter revenue and earnings] .
- [ARGM-MNR Separately] , [ARG0 the Houston concern] [rel said] [ARG1 0 it signed letters of intent for the cash and stock purchases of a total of 29 well-servicing rigs from two concerns located * in New Mexico and California] .
- [ARG0 It] did n't disclose specifics [ARGM-DIS but] [rel said] [ARG1 0 it expects *-1 to complete the purchases by Nov. 1] .
- [ARG0 The French building group Dumez S.A.] [rel said] [ARG1 0 profit jumped 70 % in the first half of 1989 , partly on the strength of nonrecurring gains from a share issue by its Canadian unit] .
- [ARG0 Dumez] [rel said] [ARG1 0 group profit after payments to minority interests rose to 252 million francs -LRB- $ 40.1 million *U* -RRB- from 148 million a year earlier] .
- [ARG0 It] did [ARGM-NEG n't] [rel say] [ARG1 if its year-earlier results were influenced *-1 significantly by nonrecurring elements] .
- The group has n't forecast full-year earnings for 1989 , although [ARG0 it] [rel said] [ARG1 that its first-half results are n't a good indication because of one-time elements and the seasonal nature of its operations] .
- [ARG1 Tuesday 's earthquake will depress local real-estate values in the short term and force companies to reconsider *-1 expanding in *RNR*-2 or relocating to *RNR*-2 the Bay Area and California] , [ARG0 real-estate and relocation specialists] [rel said] 0 *T*-3 .
- `` [ARG1 My gut feeling is that the Marina properties will be affected *-1] , '' [rel said] *T*-2 [ARG0 Grace Perkins , senior vice president at Grubb & Ellis Residential Brokerage Inc] .
- Neither she nor other real-estate executives and brokers could project how much less Marina properties might bring *T*-1 , but [ARG0 she] [rel said] [ARG1 0 the two-tier price structure would affect prices `` for a while] . ''
- [ARG0 Few specialists] [rel said] [ARG1 0 they expect the quake to have much of an effect on most California property values] .
- [ARG0 Mr. Rosen] [rel said] [ARG1 0 the quake will revive consumer interest in a little-publicized 1972 state law that *T*-1 requires brokers to disclose to potential buyers how close a property sits to a fault line *T*-2] .
- [ARGM-DIS But] [ARG0 they] [rel said] [ARG1 0 the quake will force some companies to relocate or expand part or all of their operations outside the state] .
- `` [ARG1 What you 're going *-1 to get *T*-2 is ` We do n't want *-3 to put all of our eggs in one basket ' theory] , '' [rel said] *T*-4 [ARG0 James H. Renzas , president of Location Management Services Inc. , a Palo Alto , Calif. , relocation concern] .
- [ARG0 Mr. Renzas] , [ARGM-LOC among others] , [rel said] [ARG1 0 the quake will prod companies in certain industries , like semiconductors , computers and aerospace , to consider *-2 moving operations that *T*-1 involve particularly sensitive machinery to locations outside California] .
- [ARG1 Because of the quake threat , `` some firms have evaluated what the cost *ICH*-3 is *T*-1 * to shore up their buildings and compared it with the cost of * building it elswehere] , '' [ARG0 he] [rel said] 0 *T*-2 .
- [ARG1 The company] , [ARG0 Mr. Renzas] [rel said] 0 *T*-2 , has n't yet determined what * to do *T*-1 .
- [ARGM-DIS But] [ARG0 real-estate experts and brokers] [rel said] [ARG1 0 the quake undoubtedly will drag down prices in neighborhoods built * on less stable ground , especially in the Bay Area] .
- [ARG1 This is n't going *-1 to help] , '' [rel said] *T*-2 [ARG0 Kenneth T. Rosen , chairman of the Center for Real Estate and Urban Economics at the University of California at Berkeley] .
- [ARGM-TMP Yesterday] , [ARG0 the city] demolished two dwellings in the district because of severe structural damage and [rel said] [ARG1 0 as many as 19 of the district 's 350 dwellings might have *-2 to be razed *-1] .
- [ARG0 NATIONWIDE HEALTH PROPERTIES , Pasadena , Calif. ,] [rel said] [ARG1 0 it would n't pay its fourth-quarter dividend , despite a 44 % increase in third-quarter earnings , to $ 3.5 million *U* , or 42 cents a share] .
- [ARG1 Net income included a gain of $ 708,000 *U* on asset sales] , [ARG0 the real estate investment trust] [rel said] 0 *T*-1 .
- [ARG0 Nationwide Health] [rel said] [ARG1 that although it has the cash 0 *T*-1 to cover the 25-cent-a-share dividend , its banks have denied the company 's request * to pay it because the trust has n't met certain terms] .
- [ARG0 Nationwide Health] [rel said] [ARG1 0 it has `` numerous financing activities '' under way *-1 to remedy the problem and will make up the dividend payment later if possible] .
- [ARG0 Aussedat Rey S.A. , a French paper producer ,] [rel said] [ARG1 0 it concluded an agreement with Japan 's Fuji Photo Film Co. that *T*-1 will allow Aussedat Rey to manufacture and sell thermal paper *-2 using Fuji technology] .
- [ARG0 W.R. Grace & Co. , New York ,] [rel said] [ARG1 0 its earnings for the third quarter nearly doubled as a result of a $ 114.4 million *U* pre-tax gain from * restructuring its energy operations and other adjustments] .
- [ARG0 Anglo American Corp. of South Africa Ltd.] [rel said] [ARG1 0 the third-quarter combined profit of its six gold mines dropped 8.5 % from the previous quarter] .
- [ARG0 Doman Industries Ltd.] [rel said] [ARG1 0 it increased its stake in Western Forest Products Ltd. to 56 % from 22 % , through a two-step transaction valued * at 137 million Canadian dollars -LRB- $ US116.7 million *U* -RRB-] .
- [ARG0 The company , founded and controlled * by Harbanse Doman , its chairman and president ,] [rel said] [ARG1 0 the purchase would make it Canada 's 10th largest forest products company] .
- [ARGM-LOC Under terms of the transaction , which *T*-2 was proposed *-1 in June ,] [ARG0 Doman] [rel said] [ARG1 0 it acquired International Forest Products Ltd. 's 22 % stake in Western Forest , and Western Forest , in a related transaction , bought back a 22 % interest in the company from Fletcher Challenge Canada Ltd] .
- [ARG1 The Fletcher Challenge Canada stake] was then canceled *-2 , [ARG0 Doman] [rel said] 0 *T*-1 , * raising Doman 's interest in Western Forest to 56 % .
- [ARG0 Doman] [rel said] [ARG1 0 it was also granted *-2 an option * to acquire the remaining 44 % interest in Western Forest , which *T*-1 is currently held *-3 by two Canadian banks] .
- [ARG1 The legislation would open the way for more telephone services and more competition in the telephone business in the three provinces] , [ARG0 federal officials] [rel said] 0 *T*-1 .
- [ARG0 Amdura Corp.] [rel said] [ARG1 0 its bank group , led * by Chicago-based Continental Bank , agreed *-1 to extend its $ 40 million *U* bridge loan until March 31 , 1990 , and gave it a new $ 30 million *U* credit line] .
- [ARGM-ADV Under terms of the loan agreement] , [ARG0 Amdura] [rel said] [ARG1 0 it will omit the next quarterly dividends on its Series A , B , C and D preferred shares , which *T*-1 are due Nov. 15] .
- [ARGM-CAU Since the preferred stock is cumulative] , [ARG0 Amdura] [rel said] [ARG1 0 it will pay all omitted dividends , which *T*-2 range from $ 1.19 to $ 4.88 *U* a share , when debt-reduction requirements have been met *-1 *T*-3] .
- [ARG0 Amdura , a Denver hardware and automotive distributor ,] [rel said] [ARG1 0 the new credit agreement will provide the working capital needed * * to meet ongoing requirements] .
- [ARG0 Cie . Financiere de Paribas] [rel said] [ARG1 0 it intends *-3 to transfer its 30 % shareholding in Societe Commerciale to a new company which *T*-2 will be jointly owned *-1 with Lonrho] .
- [ARG0 Paribas] [rel said] [ARG1 0 Lonrho will participate in the forthcoming capital boost for Societe Commerciale] .
- [ARG0 International Business Machines Corp. and MCA Inc.] [rel said] [ARG1 0 they agreed *-1 to sell their Discovision Associates joint venture to U.S. units of Pioneer Electronic Corp. for $ 200 million *U*] .
- [ARG0 James N. Fiedler , president of Discovision and a vice president of MCA ,] [rel said] [ARG1 that IBM and MCA had n't planned *-2 to sell the joint venture , which *T*-1 is now profitable , but that Pioneer approached Discovision earlier this year] .
- [ARG0 He] [rel said] [ARG1 0 it *EXP*-2 is n't certain whether Discovision 's current management will remain when Pioneer buys the company *T*-1] .
- [ARG0 Hiroyuki Murai , general manager of the stock trading division at Nikko Securities ,] [rel said] [ARG1 that after *-1 looking at the reasons for Friday 's Wall Street plunge , participants realized that the Tokyo and New York markets have different economic fundamentals] .
- [ARG1 This conclusion] , [ARG0 he] [rel said] 0 *T*-1 , restored the credibility of Tokyo stocks .
- [ARG0 Yoshiaki Mitsuoka , head of the investment information department at Daiwa Investment Trust & Management ,] [rel said] [ARG1 that if New York stocks just fluctuate in or near their current range , the Tokyo market will remain firm with a moderately upward trend for the rest of the year] .
- [ARGM-DIS But] [ARG0 traders] [rel said] [ARG1 0 the market lacks a base on which * to set long-term buying strategy *T*-1 , as the future direction of U.S. interest rates remains unclear] .
- `` [ARG1 Investor interest switches back and forth ceaselessly as they are unable *-1 to shift their weight to one side for sure] , '' [ARG0 Mr. Mitsuoka of Daiwa Investment Trust] [rel said] *T*-2 .
- [ARG1 Many of Wednesday 's winners were losers yesterday as investors quickly took profits and rotated their buying to other issues] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 Housing issues were boosted *-1 by a report that Daiwa House expects *-2 to post 43 % higher earnings for its latest fiscal year] , [ARG0 traders] [rel said] 0 *T*-3 .
- [ARG1 Leading construction companies also attracted interest for their strong earnings outlooks] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 Dealers] [rel said] [ARG1 0 the market was underpinned *-1 by a squeeze in FT-SE 100 stocks , particularly among market-makers seeking shares that *T*-3 had been hit *-2 hard in recent weeks , such as retailers and building-related concerns] .
- [ARG1 But] despite the flurry of interest in those shares , [ARG0 dealers] [rel said] 0 *T*-1 , the market remains nervous about Wall Street 's volatility and high U.K. interest rates .
- [ARG0 B.A.T] [rel said] [ARG1 0 it purchased 2.5 million shares at 785] .
- [ARG1 The morning session was dominated *-1 by individuals and dealers , but some institutions participated in the afternoon , *-2 encouraged *-3 by the market 's firmness] , [ARG0 traders] [rel said] 0 *T*-4 .
- [ARG0 The mayor] [rel said] [ARG1 0 the Quayle visit was `` a publicity stunt] . ''
- [ARG0 The White House] [rel said] [ARG1 0 Mr. Quayle 's staff had invited the mayor to two meetings of the vice president and groups of local officials and had offered *-1 to dispatch a helicopter *-2 to pick him up] .
- [ARG1 Mr. Agnos declined the invitations] , [ARG0 the White House] [rel said] 0 *T*-1 .
- `` [ARG1 We regret very much that the mayor of San Francisco has decided *-1 not to cooperate with us on this matter in * making sure that there is adequate federal support for the disaster in his city] , '' [ARG0 Mr. Fitzwater] [rel said] *T*-2 .
- [ARG1 Already the firm has paid $ 211,666 *U* of the fine] , [ARG0 the suit] [rel said] 0 *T*-2 , and it will have *-1 to liquidate additional assets in order *-3 to pay the rest .
- [ARG0 The Federal National Mortgage Association] [rel said] [ARG1 0 39 lenders across the U.S. have agreed *-1 to offer home loans under Fannie Mae 's pilot program for elderly people] .
- [ARG0 Fannie Mae , a federally chartered and shareholder-owned company ,] [rel said] [ARG1 0 the lenders include Prudential Home Mortgage Co. , a unit of Prudential Insurance Co. of America that *T*-1 operates in every state] .
- [ARG0 Robert M. Gintel , senior partner of a Greenwich , Conn. , investment firm ,] [rel said] [ARG1 0 he plans *-1 to launch a proxy fight against the board of Boston-based Xtra Corp] .
- [ARG0 Mr. Gintel , head of Gintel & Co. ,] [rel said] [ARG1 0 he plans *-1 to conduct a proxy contest * to elect a majority of Xtra 's board at the next annual stockholders meeting] .
- [ARG0 Xtra , a transportation leasing company ,] [rel said] [ARGM-LOC in a statement] [ARG1 0 it would have no comment on Mr. Gintel 's plans until `` further information has been disclosed *-1 by him] . ''
- [ARG0 The company] [ARGM-DIS also] [rel said] [ARG1 0 its 1990 annual meeting has not been scheduled *-1] .
- [ARG0 Xtra] [rel said] [ARG1 0 it recently bought back approximately 55,000 of its shares pursuant to its existing authorization * to acquire as many as 650,000 shares] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 Mr. Gintel] [rel said] [ARG1 0 Xtra `` has pursued business strategies that *T*-1 are n't in the best interest of stockholders] .
- [ARG0 Computer Sciences Corp. , El Segundo , Calif. ,] [rel said] [ARG1 0 the National Aeronautics and Space Administration will negotiate details of a contract *ICH*-1 valued * at about $ 170 million *U* * to provide software for the Ames Research Center] .
- [ARG1 Gonzalez , who *T*-1 pledged *-2 to help *-3 monitor voting in Nicaragua ,] was [rel said] *-4 to be carrying proposals for free elections in Panama .
- [ARGM-LOC The announcement] , in which [ARG0 they] [rel said] [ARG1 0 hostilities had ceased] *T*-1 , followed a two-day meeting in Madrid .
- [ARG0 GOP Sen. Specter of Pennsylvania] [rel said] [ARG1 0 he would vote *-1 to acquit federal Judge Alcee Hastings in his impeachment trial on charges of perjury and bribery conspiracy] .
- [ARG0 Specter , the vice chairman of the Senate 's evidence panel ,] [rel said] [ARG1 0 there was `` insufficient evidence 0 * to convict '' the Miami jurist *T*-1] .
- [ARG1 A series of earthquakes struck northern China , *-2 killing at least 29 people , injuring hundreds and razing about 8,000 homes] , [ARG0 the Xinhua News Agency] [rel said] 0 *T*-1 .
- [ARG0 Some analysts] [rel said] [ARG1 0 the consumer price index reflects a more significant slowdown in the U.S. economy than * earlier indicated *-1] .
- [ARG0 Kevin Logan , chief economist with the Swiss Bank Corp. ,] [rel said] [ARG1 that both PPI and CPI climbed around 4 1\/2 % year-to-year in September] .
- `` [ARG1 The Fed wo n't be stampeded *-3 into easing] , '' [ARG0 Mr. Logan] [rel said] *T*-1 , [ARGM-ADV *-4 predicting that for now , interest rates will stay where they are *T*-2] .
- `` [ARG1 There 's a bottomless pit of dollar demand '' by Japanese investors] , [rel said] 0 *T*-1 [ARG0 Graham Beale , managing director of foreign exchange at Hongkong & Shanghai Banking Corp. in New York] , [ARGM-ADV *-2 adding that purely speculative demand would n't hold the dollar at its recent levels against the Japanese currency] .
- [ARGM-DIS But] [ARG0 foreign-exchange dealers] [rel said] [ARG1 0 the dollar staged a quick comeback , *-1 prompted *-2 by a round of short covering and some fresh buying interest later in the trading day] .
- [ARG0 Traders] [rel said] [ARG1 that a nearly 40-point gain in the Dow Jones Industrial Average , fueled * in part by news of a lower-than-expected price index , had little influence on the dollar 's moves] .
- `` [ARG1 The market is beginning *-1 to disassociate itself from Wall Street] , '' [rel said] *T*-2 [ARG0 one New York trader] .
- [ARG0 Hotel Investors Trust and its affiliate , Hotel Investors Corp. ,] [rel said] [ARG1 0 the companies plan *-2 to sell all of the hotels 0 the companies own and operate *T*-1 , except for two hotel-casinos in Las Vegas , Nev] .
- [ARG1 The hotels and management interests will be sold *-1 at an auction] , [rel said] 0 *T*-2 [ARG0 John Rothman , president and chief executive officer of the trust and a director of the corporation] .
- [ARG1 The companies will retain their current regular quarterly dividend of 25 cents during the sale process] , [ARG0 Mr. Rothman] [rel said] 0 *T*-1 .
- [ARGM-TMP For the nine-month period] , [ARG0 Baxter] [rel said] [ARG1 0 net rose 15 % to $ 307 million *U* , or $ 1.02 *U* a share , from $ 267 million *U* , or 89 cents a share , during the year-ago period] .
- [ARG0 A group bidding for American Medical International Inc. , New York ,] [rel said] [ARG1 0 it formally received the final financing needed * for a $ 3 billion *U* bid for about 86 % of the hospital operator 's stock] .
- Earlier this month , IMA said 0 it had received about $ 1 billion *U* of senior debt financing from Chemical Bank and six other banks ; [ARG0 Chemical Bank] [rel said] [ARG1 0 it was `` highly confident '' 0 it could arrange the balance of about $ 509 million *U*] .
- [ARGM-TMP Earlier this month] , [ARG0 IMA] [rel said] [ARG1 0 it had received about $ 1 billion *U* of senior debt financing from Chemical Bank and six other banks] ; Chemical Bank said 0 it was `` highly confident '' 0 it could arrange the balance of about $ 509 million *U* .
- [ARG0 American Medical] has agreed to the offer , but [ARGM-TMP earlier this month] [rel said] [ARG1 0 it had received new `` expressions of interest '' from two previous bidders] .
- [ARG0 American Medical] [rel said] [ARG1 0 it would pursue the inquiries from the companies , but would n't identify them unless they make firm offers] .
- `` [ARG1 One thing 0 you can bet on *T*-1] , '' [ARG0 he] [rel says] *T*-2 , `` is that Congress will do stupid things with the Tax Code . ''
- `` [ARG1 They 're thrashing around for diversification] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 If you invested $ 10,000 *U* in the initial public offering in 1962 , it would be worth well over $ 5 million *U* today] , '' [rel says] *T*-1 [ARG0 Fredric E. Russell , a Tulsa , Okla. , money manager] .
- [ARG0 None] dare *-1 [rel say] [ARG1 0 * to sell it] .
- [ARG0 Eugene Sit , president of Sit Investment Associates in Minneapolis ,] [rel says] , `` [ARG1 When we bought it *T*-2 , we thought 0 the growth rate was going *-3 to accelerate '' because of computerized tax filing and instant refunds -LRB- the customer gets a refund immediately but pays extra to the tax preparer , which *T*-1 waits for Uncle Sam 's check -RRB-] .
- [ARG1 But neither of those developments did much 0 *T*-2 to juice up growth] , [ARG0 Mr. Sit] [rel says] 0 *T*-1 .
- [ARG1 That 's `` not bad] , '' [ARG0 Mr. Sit] [rel says] 0 *T*-1 , but it sure does n't justify Block shares being priced *-2 at 15 to 16 times estimated earnings for fiscal 1990 .
- `` [ARG1 The stock was going no place and the earnings were so-so] , '' [rel said] *T*-1 [ARG0 one] .
- [ARG1 The CompuServe subsidiary -LRB- which *T*-1 provides information to home-computer users -RRB- is `` where the growth is *T*-2] , '' [ARG0 he] [rel said] 0 *T*-3 , but its format is `` still too complicated . ''
- [ARG1 Block 's tax-preparation business is mature] , [ARG0 they] [rel say] 0 *T*-1 , and some of its diversifications are facing tough competition .
- [ARG1 The shortage of nurses is crimping profit at Personnel Pool] , [rel said] 0 *T*-1 [ARG0 the second money manager] .
- [ARG0 He] concedes 0 H&R Block is `` well-entrenched '' and `` a great company , '' but [rel says] `` [ARG1 it does n't grow fast enough for us] .
- [ARG0 Thomas M. Bloch , president and chief operating officer ,] [rel says] [ARG1 0 `` I would disagree '' that the tax business is mature] .
- `` [ARG1 We 're still interested -LCB- in diversifying -RCB-] , '' [ARG0 he] [rel says] *T*-1 , `` but we 'd rather be prudent than *-2 make a mistake . ''
- [ARG0 He] [ARGM-DIS also] [rel says] [ARG1 0 CompuServe 's earnings continue *-1 to grow `` 20 % to 30 % a year '' in spite of tough competition from giants like Sears and IBM] .
- [ARGM-DIS And] [ARG0 he] [rel says] [ARG1 0 Block 's other businesses are growing , although less consistently] .
- [ARG1 But the tax-preparation business simply has no more room 0 * to grow *T*-2] , [rel says] 0 *T*-3 [ARG0 Mark Cremonie , director of research for Capital Supervisors Inc. , a Chicago firm that *T*-1 manages $ 6.5 billion *U*] .
- [ARG0 Philips Industries Inc.] [rel said] [ARG1 0 its board authorized the redemption Dec. 6 of the company 's $ 1 *U* cumulative convertible special preferred stock at $ 37.50 *U* a share , not including a 25 cent dividend for the current quarter , and the $ 3 *U* cumulative convertible preferred stock at $ 75 *U* , plus a 75 cent dividend for the current quarter] .
- [ARG0 The Dayton , Ohio , maker of parts for the building and transportation industries] [rel said] [ARG1 0 holders of the two issues can convert their stock into common shares through the close of business Dec. 1] .
- [ARGM-TMP Earlier this month] [ARG0 the company] [rel said] [ARG1 0 its board approved a proposed management-led leveraged buy-out at $ 25.50 *U* a share , or $ 750 million *U*] .
- [ARG0 Massachusetts Attorney General James Shannon] , [ARGM-ADV *-1 opposing the license] , [rel said] [ARG1 0 he will appeal the ruling in federal court] .
- [ARG0 Seabrook officials] [rel said] [ARG1 0 the plant could receive a full-power license by the end of the year] .
- [ARGM-LOC In its ruling] , [ARG0 the NRC] [rel said] [ARG1 that because Seabrook will be allowed *-1 to charge rates sufficient * to run the plant and make payments on past construction costs , consideration of the owners ' financial condition is pointless] .
- `` [ARG1 The commissioners found 0 the circumstances of the case did n't undercut the assurance from government rate setters of available funds adequate for safe operation] , '' [rel said] *T*-1 [ARG0 a commission spokesman] .
- [ARG0 Bristol-Myers] [rel said] [ARG1 0 net income rose 15 % to $ 266.2 million *U* , or 93 cents a share , from $ 232.3 million *U* , or 81 cents a share , a year earlier] .
- [ARG0 Squibb Corp.] [rel said] [ARG1 0 net rose 17 % to $ 144.5 million *U* , or $ 1.47 *U* a share , from $ 123 million *U* , or $ 1.25 *U* a share] .
- [ARG0 PPG Industries Inc.] , [ARGM-ADV *-2 hurt *-1 by softness in the U.S. automotive and construction industries] , [rel said] [ARG1 0 third-quarter net income fell 5.5 % to $ 106.7 million *U* , or 97 cents a share , from $ 112.9 million *U* , or $ 1.03 *U* a share , a year ago] .
- The drop in earnings did n't surprise [ARG0 analysts] who *T*-1 [rel said] [ARG1 0 the Pittsburgh glass , coatings and chemical concern had been predicting a slow quarter because of the sluggish construction industry , a major market for the company 's flat glass] .
- [ARGM-DIS But] [ARG1 sale increases were offset *-2 by slumping sales in flat glass and fiberglass reinforcements] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Jefferies Group Inc.] [rel said] [ARG1 0 third-quarter net income fell 4 % , to $ 2.2 million *U* , or 35 cents a share , from $ 2.3 million *U* , or 31 cents a share on more shares , a year earlier] .
- [ARG0 Jefferies , a Los Angeles holding company primarily engaged * in securities trading ,] [ARGM-DIS also] [rel said] [ARG1 0 stock market declines since the quarter ended Sept. 30 created an unrealized pretax loss of about $ 6 million *U* in its risk arbitrage account] .
- [ARG0 Sony Corp. , New York ,] [rel said] [ARG1 0 its bids for Columbia Pictures Entertainment Inc. and Guber-Peters Entertainment Co. have been cleared *-1 by federal antitrust regulators] .
- [ARG0 The Japanese company] [rel said] [ARG1 0 the waiting period under the Hart-Scott-Rodino antitrust act for the $ 3.4 billion *U* bid for Columbia and the $ 200 million *U* offer for Guber-Peters expired Monday] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 Sony] [ARGM-DIS also] [rel said] [ARG1 0 two more suits *ICH*-2 have been filed *-1 opposing the company 's agreement * to buy Columbia] .
- [ARG0 China] [rel said] [ARG1 0 the question of Taiwan 's membership in the General Agreement on Tariffs and Trade should be considered *-1 only after China 's own membership in the 97-nation organization is restored *-2] .
- `` [ARG1 As one of China 's provinces , Taiwan has no right * to join GATT on its own] , '' [ARG0 Foreign Ministry spokesman Li Zhaoxing] [rel said] *T*-1 .
- [ARG0 The U.S.] has voiced opposition to China 's bid for GATT membership , *-2 [rel saying] [ARG1 0 China has yet *-1 to undertake needed economic reforms] .
- [ARG0 Japan 's biggest women 's underwear maker , Wacoal Corp. ,] [rel said] [ARG1 that it developed a sports car that it plans *-2 to market *T*-1 in two years] .
- [ARG1 The `` Jiotto Caspita '' can run at over 188 miles an hour] , [ARG0 a company spokesman] [rel said] 0 *T*-1 .
- [ARG0 Wacoal] [rel said] [ARG1 0 it intends *-1 to produce the cars through a car manufacturer] .
- `` [ARG1 Our image is a company that *T*-1 makes women 's products] , '' [rel said] *T*-2 [ARG0 a Wacoal spokesman] .
- [ARG0 Senshukai] [rel said] [ARG1 0 the partners plan *-1 to rent to tourists but will also sell to interested parties] .
- [ARG0 Viktor Sidorenko , vice chairman of the State Committee on Nuclear Safety ,] [rel said] [ARG1 0 the two reactors were at Kursk and Smolensk] .
- [ARG0 Japan] [rel says] [ARG1 0 its economic growth will fall sharply if it cuts back on the use of oil , coal and gas *-1 to cap emissions of carbon dioxide] .
- [ARG0 A Ministry of International Trade and Industry official] [rel said] [ARG1 that a study found that Japan 's annual economic growth rate would eventually be only 0.8 % if carbon-dioxide emissions remained at this year 's level of 300 million tons] .
- [ARG0 The study] [rel said] [ARG1 0 Japan 's carbon-dioxide emissions would slightly more than double by 2010 unless the nation reduced its dependence on fossil fuels] .
- [ARG0 It] [rel said] [ARG1 that * expanding nuclear-power capability is the quickest way 0 * to lessen that dependence *T*-1] .
- [ARG1 But increased reliance on nuclear power would meet stiff opposition from environmentalists] , [ARG0 a second ministry official] [rel said] 0 *T*-1 .
- [ARG0 Steve Lowe , general manager of Jasper , Ga. , dealership ,] [rel said] [ARG1 0 new rebates of $ 500 to $ 1,000 *U* on the models have stimulated sales *NOT* , but not enough * to significantly cut dealer stocks] .
- `` [ARG1 If people are n't buying , you have *-1 to close plants] , '' [ARG0 he] [rel said] *T*-2 .
- [ARGM-ADV Separately] , [ARG0 Chrysler] [rel said] [ARG1 0 it will idle for four weeks the St. Louis assembly plant that *T*-1 builds the Chrysler LeBaron and Dodge Daytona models] .
- [ARG1 About 5,500 hourly workers will be laid *-3 off for a week beginning Oct. 23 , and overtime has been eliminated *-1 at the plant for the fourth quarter] , [ARG0 a Chrysler spokesman] [rel said] 0 *T*-2 .
- [ARG0 Chrysler officials] [rel said] [ARG1 0 the plant is scheduled *-2 to resume production on Nov. 20. , and 3,300 hourly workers will be affected *-1] .
- [ARG0 General Motors Corp.] , [ARGM-TMP meanwhile] , [rel said] [ARG1 0 it will idle for yet another week its Linden , N.J. , assembly plant , * bringing to three weeks the total time 0 that plant will be idled *-1 during October *T*-2] .
- [ARG0 GM] [rel said] [ARG1 0 the assembly plant , which *T*-1 builds the Chevrolet Corsica and Beretta compact cars , originally was scheduled *-2 to reopen Monday but now will not resume production until Oct. 30] .
- [ARG0 Ford Motor Co.] [rel said] [ARG1 0 it will shut down for one week its Kentucky Truck Plant because of a `` shortage of dealer orders] . ''
- [ARG1 Even when it *EXP*-2 became clear this spring that demand was n't coming up to expectations *T*-1 , Chrysler officials `` resisted '' *-4 cutting output because Cherokee and Wagoneer are `` very profitable vehicles] , '' [ARG0 the spokesman] [rel said] 0 *T*-3 .
- [ARG0 First Fidelity] [rel said] [ARG1 0 non-performing assets increased to $ 482.3 million *U* Sept. 30 from $ 393.1 million *U* June 30] .
- [ARG1 The rise resulted from the transfer to non-accrual status of $ 96 million *U* `` owed * by two national borrowers and one local commercial real-estate customer] , '' [ARG0 First Fidelity] [rel said] 0 *T*-1 .
- [ARG0 It] [rel said] [ARG1 0 it does n't anticipate any loss of principal on two of the loans , comprising $ 85 million *U* of these credits] .
- [ARG0 First Fidelity] [rel said] [ARG1 0 it boosted its loan-loss provision to $ 50.9 million *U* from $ 20.4 million *U* a year ago , primarily because of a weaker real-estate sector in the region] .
- [ARG0 Coastal Corp.] [rel said] [ARG1 0 it signed a definitive agreement *ICH*-1 with Aruba * to restart a 150,000-barrel-a-day oil refinery] .
- [ARG0 Coastal , a Houston oil and gas company ,] [rel said] [ARG1 0 it expects *-1 to begin operations in October 1990] .
- [ARG0 The company] [rel said] [ARG1 0 it may install additional processing units at the refinery *-1 to produce higher octane gasolines and other products] .
- [ARG0 The company] [rel said] [ARG1 0 it was leasing the site of the refinery from Aruba] .
- [ARG0 A Coastal spokesman] said 0 the biggest expense will be * to refurbish the refinery but [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 how much that would be *T*-1] .
- [ARG0 A Coastal spokesman] [rel said] [ARG1 0 the biggest expense will be * to refurbish the refinery] but would n't say how much that would be *T*-1 .
- [ARG0 The prime minister of Aruba] has [rel said] [ARG1 0 it could cost around $ 100 million *U*] .
- [ARG0 Coastal] [rel said] [ARG1 0 the refinery 's expected daily production will include 34,000 barrels of jet fuel , 32,000 barrels of low-sulfur diesel fuel , 30,000 barrels of naphtha , 17,000 barrels of residual fuel oil , 8,000 barrels of asphalt and 25,000 barrels of low-sulfur catalytic cracker feedstock] .
- [ARG0 Loral Corp.] [rel said] [ARG1 0 fiscal second-quarter net income was $ 19.8 million *U* , or 79 cents a share , compared with year-earlier earnings from continuing operations of $ 15.6 million *U* , or 62 cents a share] .
- [ARG0 Mr. Schwartz] [rel said] [ARG1 0 the recent increase in orders `` puts us well on the way to our goal of $ 1.6 billion *U* in bookings for the year] . ''
- [ARG0 Loral] [rel said] [ARG1 0 it expects sales to accelerate in both the third and fourth quarters of this fiscal year] .
- HealthVest said 0 [ARG0 two of its lenders] have given it notices of default on bank loans and [rel said] [ARG1 0 they may take actions 0 * to recover their loans *T*-1] .
- [ARG0 HealthVest] [rel said] [ARG1 0 two of its lenders have given it notices of default on bank loans and said 0 they may take actions 0 * to recover their loans *T*-1] .
- [ARG0 HealthVest , an Austin , Texas , real estate investment trust ,] [rel said] [ARG1 that Chemical Bank , the lead bank under its domestic bank agreement , told it that if $ 3.3 million *U* owed * to the bank group is n't paid *-2 by today , the group will call the $ 120 million *U* that HealthVest has *T*-1 outstanding under the credit line] .
- [ARG0 The bank group] [ARGM-DIS also] [rel said] [ARG1 that it wo n't make additional advances under the $ 150 million *U* credit line] .
- In addition , HealthVest said 0 [ARG0 Bank of Tokyo Trust Co.] [ARGM-DIS also] has notified it of a default and [rel said] [ARG1 0 it might take action *-1 to cure the default] .
- [ARGM-DIS In addition] , [ARG0 HealthVest] [rel said] [ARG1 0 Bank of Tokyo Trust Co. also has notified it of a default and said 0 it might take action *-1 to cure the default] .
- [ARGM-DIS However] , [ARG0 HealthVest] [rel said] [ARG1 0 the Tokyo bank indicated that it wo n't accelerate HealthVest 's $ 50 million *U* loan] .
- [ARG0 Storage , Louisville , Colo. , which *T*-1 makes data-storage devices for mainframe computers ,] [rel said] [ARG1 0 the huge increase in net reflects `` strong sales '' of its tape products , particularly the 4400 Automated Cartridge System , which *T*-2 holds a library of tape cartridges] .
- [ARG0 The company] [rel said] [ARG1 0 it recently sold its 750th cartridge system , which *T*-1 cost $ 400,000 to $ 500,000 *U* each] .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 0 projections of surging U.S. demand for natural gas and price forecasts of C$ 5.25 *U* per thousand cubic feet by 2005 would make the project economically viable] .
- [ARG0 The board] [rel said] [ARG1 0 the export licenses would be issued *-1 on the condition that Canadian interests would also be allowed *-2 to bid for the Mackenzie delta gas on terms similar to those offered * to U.S. customers] .
- [ARG0 Combustion Engineering Inc. , Stamford , Conn. ,] [rel said] [ARG1 0 it sold *RNR*-2 *RNR*-5 and agreed *-1 to sell *RNR*-2 *RNR*-5 several investments and nonstrategic businesses for about $ 100 million *U* , which *T*-4 will be used *-3 for * reducing debt and general purposes] .
- `` [ARG1 There is a lot of attention paid * to housing as a form of household wealth] , '' [rel says] *T*-1 [ARG0 Edward N. Wolff , professor of economics at New York University] .
- `` To me [ARG0 it] [rel says] *T*-1 [ARG1 that despite all the views that we spend too much of our wealth on paper assets , we have ways of * holding wealth similar to 100 years ago] . ''
- [ARG0 McCaw Cellular Communications Inc.] [rel said] [ARG1 0 it sent a letter *ICH*-1 to LIN Broadcasting Corp. clarifying its revised tender offer for LIN and asking LIN to conduct `` a fair auction] . ''
- [ARG0 LIN , which *T*-1 has agreed with BellSouth Corp. *-2 to merge their cellular-telephone businesses ,] [rel said] [ARGM-TMP then] [ARG1 that it would n't take a position on McCaw 's revised tender offer] .
- [ARGM-LOC In a statement] , [ARG0 Craig O. McCaw , chairman and chief executive officer of McCaw ,] [rel said] : `` [ARG1 We trust 0 LIN will take no further actions that *T*-1 favor BellSouth] . ''
- [ARG0 McCaw] [rel said] [ARG1 0 the three independent directors provided * for in the offer would be designated *-1 by the current board] .
- [ARG0 MCA Inc.] [rel said] [ARG1 0 third-quarter net fell 6.3 % to $ 50.8 million *U* , or 69 cents a share , from $ 54.3 million *U* , or 74 cents a share , a year earlier] .
- [ARG0 MCA] [rel said] [ARG1 0 revenue rose 14 % to $ 918.4 million *U* from $ 806.7 million *U*] .
- [ARG0 The entertainment concern] [rel said] [ARG1 0 the success of several movies released * during the quarter , including `` Parenthood '' and `` Uncle Buck , '' contributed to record revenue for its film unit] .
- [ARG0 MCA] [rel said] [ARG1 0 net also included certain reserves related to the restructuring of its LJN Toys ' international operations] .
- [ARG1 These items] were partly offset *-1 , [ARG0 MCA] [rel said] 0 *T*-2 , by an unspecified gain on the sale of its Miller International unit , a maker and distributor of budget-priced audio cassettes .
- [ARG1 Helmsley 's insurance division had slightly exceeded that percentage] , [ARG0 sources] [rel say] 0 *T*-3 , but the division was n't considered *-2 significant enough to the company * to be restructured *-1 , particularly at a difficult time for the firm .
- `` [ARG1 If we want *-1 to have our own nation , then we must be willing *-2 to do all the work ourselves] , '' [rel says] *T*-3 [ARG0 Hendrik Verwoerd Jr. , son of the former prime minister and the leader of the Orange Workers , founded * in 1980] .
- [ARG1 If whites want *-1 to play there by themselves] , [rel says] 0 *T*-2 [ARG0 consulting engineer Willem van Heerden] , whites should also build it by themselves .
- `` [ARG1 If we want *-1 to survive as a people] , '' [ARG0 he] [rel says] *T*-2 , `` we have *-3 to change our way of life .
- `` [ARG1 If apartheid means 0 you want cheap black labor and all the comforts that *T*-1 go with it , but you also want *-3 to exclude the blacks from social and political integration , then these are two contradictions that *T*-2 ca n't go on forever] , '' [rel says] *T*-4 [ARG0 Mr. Verwoerd] .
- [ARG1 But my father meant it to mean real separation] , '' [rel says] *T*-1 [ARG0 the son] .
- `` [ARG1 We agree with world opinion that the status quo in South Africa is morally wrong] , '' [rel says] *T*-1 [ARG0 Pieter Bruwer , the Orange Workers ' chief scribe and pamphleteer] .
- [ARG0 A young man called * July -LRB- that 's when he was born *-1 *T*-4 -RRB- , who *T*-2 works at the railroad station just up the street from the Orange Workers office ,] points at the whitewalled building and [rel says] [ARGM-MNR matter-of-factly] , `` [ARG1 We 're not allowed *-5 in there , that 's all 0 I know *T*-3] . ''
- `` [ARG1 Impossible , impossible] , '' [rel say] *T*-2 [ARG0 the Conradies , an elderly couple who *T*-1 have run the general store for decades] .
- `` [ARG1 We ca n't do without their help] , '' [rel says] *T*-1 [ARG0 Mrs. Conradie] .
- `` [ARG1 What they want us to do *T*-1 just is n't practical] , '' [ARG0 he] [rel says] *T*-2 , [ARGM-ADV *-3 noting that he employs 16 blacks] .
- `` [ARG1 We urge our people *-3 not to wait until they have *-1 to fight for their own nation] , '' [rel says] *T*-2 [ARG0 Mr. Verwoerd] .
- `` [ARG1 The ANC wo n't be stopped *-1 until there is a provision for black aspirations] , '' [rel says] *T*-2 [ARG0 Mr. Verwoerd] .
- `` [ARG1 * Look] , '' [ARG0 he] [rel says] *T*-2 , `` If the rest of South Africa wants *-1 to have an integrated melting pot , that 's their choice .
- And even [ARG0 those] who *T*-1 [rel say] [ARG1 0 some selective selling may be in order] stress that individuals need *-2 to be in the stock market * to achieve their long-term investment objectives and to help *-4 balance their other assets .
- [ARG1 Any selling] , [ARG0 they] [rel say] 0 *T*-1 , should be well thought-out , and executed *-2 gradually , during market rallies .
- `` [ARG1 * Sell stocks that *T*-1 are n't doing well now , and that *T*-3 do n't have good earnings prospects] , '' [rel says] *T*-2 [ARG0 Alfred Goldman , technical analyst at St. Louis-based A.G. Edwards & Sons] .
- [ARG1 Technology stocks] , [rel says] 0 *T*-1 [ARG0 Mr. Goldman] .
- [ARG1 A company does n't have *-1 to post a loss *-1 to be a candidate for sale] , [rel says] 0 *T*-2 [ARG0 Charles I. Clough Jr. , chief market strategist at Merrill Lynch & Co] .
- [ARG1 If earnings do n't live up to analysts ' expectations] , [ARG0 he] [rel says] 0 *T*-1 , that 's enough * to dump the stock .
- [ARG1 `` * Substituting a rule of thumb for your own judgment '' can be a mistake] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARGM-DIS But] [ARG0 Mr. Clough] [rel says] , `` [ARG1 The risk is that earnings disappointments will continue] . ''
- [ARG1 Computer companies ; commodity cyclical stocks , like autos ; and retailing stocks] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 The companies apt * to run into earnings problems soonest are the ones with heavy debt loads] , [rel says] 0 *T*-1 [ARG0 Larry Biehl , partner in the San Mateo , Calif. , money-management firm of Bailard , Biehl & Kaiser] .
- Mr. Canelo of Bear Stearns agrees : `` [ARG1 If we do have an economic slowdown] , '' [ARG0 he] [rel says] *T*-1 , `` companies with high debt ratios will be dumped *-2 en masse . ''
- [ARG1 The best course for individual investors is * to sell these stocks now] , [ARG0 the two advisers] [rel say] 0 *T*-2 .
- [ARG1 UAL Corp. 's difficulty in * obtaining bank financing for its leveraged buy-out and its resulting price plunge is a tip-off to what *T*-1 's going *-2 to happen to `` takeover stocks] , '' [rel says] 0 *T*-3 [ARG0 Mr. Canelo] .
- [ARG1 Takeover activity will slow down as more and more banks tighten their lending requirements] , [ARG0 he] [rel says] 0 *T*-1 .
- [ARGM-ADV Moreover] , [ARG0 many financial advisers] [rel say] [ARG1 0 individuals should be in the stock market as long-term investors , not as traders trying * to catch the next hot stock] .
- [ARGM-TMP Now] , [ARGM-ADV with a semblance of normalcy returning] , [ARG0 some advisers] [rel say] [ARG1 0 it 's time for investors to take a hard , cold look at the stocks 0 they own *T*-1 and consider some careful pruning] .
- `` [ARG1 If you think 0 earnings will grow at 20 % a year , it *EXP*-2 's all right * to pay 20 times earnings] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 If you say * sell anytime 0 a company 's price\/earnings ratio exceeds 15 *T*-1 , that knocks out all your growth stocks] , '' [ARG0 he] [rel says] *T*-2 .
- `` If [ARG0 you] [rel say] [ARG1 * sell] [ARGM-TMP anytime 0 a company 's price\/earnings ratio exceeds 15 *T*-1] , that knocks out all your growth stocks , '' he says *T*-2 .
- [ARG0 Tom Schlesinger , market analyst at A.G. Edwards & Sons Inc. ,] [rel says] [ARG1 0 investors should consider selling if there has been a fundamental change in a company since they bought its stock] .
- [ARG0 *] [rel Say] [ARG1 0 you purchased a stock because of a new product that *T*-1 was in the works] .
- [ARG1 Time 0 * to sell *T*-1] , [rel says] 0 *T*-2 [ARG0 Mr. Schlesinger] .
- [ARG1 Similarly] , [ARG0 he] [rel says] 0 *T*-2 , * suppose 0 you were attracted *-1 to a company because of expectations that sales would hit $ 200 million *U* by 1990 .
- [ARG1 If things have n't worked out that well , and sales wo n't hit $ 200 million *U* until 1992 , it 's time 0 * to consider selling *T*-2] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 The market is sending nervous signals] , '' [rel says] 0 *T*-2 [ARG0 Peter J. Canelo , chief market strategist for Bear , Stearns & Co.] , and it *EXP*-3 's `` unwise '' * to be overcommitted *-1 to stocks .
- `` [ARG1 We are n't inclined *-1 to prune stock portfolios now] , '' [rel says] *T*-2 [ARG0 Steven G. Einhorn , chairman of the investment policy committee of Goldman , Sachs & Co] .
- [ARG0 A United Steelworkers spokeman] [rel said] [ARG1 0 Lynn Williams , the union 's president , was out of town] .
- [ARG1 The union wo n't respond to the USX statement until Mr. Williams has studied it] , [ARG0 the spokesman] [rel said] 0 *T*-1 .
- [ARG0 This magazine and book publisher] [rel said] [ARG1 0 three men were elected *-1 directors , * increasing the board to 10] .
- [ARGM-DIS As a result] , [ARG0 BankAmerica] [rel said] [ARG1 0 its reserve against troubled foreign-country loans , once below 25 % , now amounts to 45 % of the $ 6.4 billion *U* of non-trade debt 0 it calculates 0 it is owed *-1 *T*-2 by those nations] .
- `` [ARG1 They -LCB- BankAmerica -RCB- continue *-1 to show good performance] , '' [rel said] *T*-2 [ARG0 Donald K. Crowley , an analyst with Keefe , Bruyette & Woods Inc. , San Francisco] .
- [ARG1 The 4.52 % net interest margin , or the difference between the yield on a bank 's investments and the rate 0 it pays *T*-1 for deposits and other borrowings , was still markedly higher than the 3.91 % ratio a year earlier , and is among the best in the industry] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARG0 BankAmerica spokesmen] [rel said] [ARG1 0 preliminary reports indicate 0 the company was n't materially affected *-1 by the Tuesday earthquake] .
- [ARG1 Automated teller machine operations also were up and operating yesterday] , [ARG0 a bank spokesman] [rel said] 0 *T*-1 .
- [ARG1 International Business Machines Corp. will announce on Tuesday a slew of software products aimed * at * eliminating some of the major problems involved in * computerizing manufacturing operations] , [ARG0 industry executives] [rel said] 0 *T*-1 .
- Still , consultants and industry executives said 0 the products could help *-1 make manufacturing operations more efficient , and provide a boost to the computer-integrated-manufacturing market -- a market that [ARG0 Yankee Group , a research firm ,] has [rel said] [ARG1 0 *T*-2 may double to $ 40 billion *U* by 1993] .
- [ARGM-DIS Still] , [ARG0 consultants and industry executives] [rel said] [ARG1 0 the products could help *-1 make manufacturing operations more efficient , and provide a boost to the computer-integrated-manufacturing market -- a market that Yankee Group , a research firm , has said 0 *T*-2 may double to $ 40 billion *U* by 1993] .
- `` [ARG1 This is a step in the right direction] , '' [rel said] *T*-1 [ARG0 Martin Piszczalski , a Yankee Group analyst] .
- IBM , which [ARG0 Gartner Group] [rel said] [ARG1 0 *T*-1 generates 22 % of its revenue in this market] , should be able *-2 to take advantage of its loyal following among buyers of equipment .
- [ARG0 Erik Keller , a Gartner Group analyst ,] [rel said] [ARG1 0 organizational changes may still be required *-1 * to really take advantage of CIM 's capabilities] -- someone on the shop floor may not like *-2 having someone in an office using a personal computer *-3 to look over his shoulder , for instance , and may be able *-2 to prevent that from happening .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 a system such as IBM 's should help significantly] .
- [ARGM-DIS But] [ARG0 Mr. Keller] [rel said] [ARG1 that , if computers can be integrated *-1 into the process , they could alert an operator as soon as the problem occurred] .
- [ARGM-DIS In addition] , [ARG0 the executives] [rel said] [ARG1 0 IBM will be offering programming tools designed * to let anyone working on a factory floor write ad-hoc software , for instance , 0 *T*-2 to do statistical analysis that *T*-1 would pinpoint a problem on a manufacturing line] .
- [ARG0 The industry executives] [rel said] [ARG1 that , as usual with such broad announcements from IBM , this one will be part reality and part strategy] .
- [ARG0 Ford] [rel said] [ARGM-TMP yesterday] [ARG1 0 it will halt imports of the Merkur Scorpio , a $ 28,000 *U* luxury sedan built * by Ford of Europe in West Germany] .
- [ARG0 Ford officials] [rel said] [ARG1 0 they expected 0 the two Merkurs would sell about 15,000 cars a year] , and in 1988 they reached that goal , as sales hit 15,261 cars .
- [ARG1 The Merkur cars also suffered from spotty quality] , [ARG0 some dealers] [rel say] 0 *T*-1 .
- `` [ARG1 It was like a comedy of errors] , '' [rel says] *T*-2 [ARG0 Martin J. `` Hoot '' McInerney , a big dealer whose Star Lincoln-Mercury-Merkur operation in Southfield , Mich. , *T*-1 sold more XR4Ti 's than any other dealership] .
- [ARG1 But by the third quarter of 1988 , Scorpios had a high satisfaction rating in internal Ford studies] , [ARG0 a spokesman] [rel said] 0 *T*-1 .
- [ARG0 Ford] [rel said] [ARGM-TMP then] [ARG1 0 it would keep the Scorpio] .
- [ARG0 Canadian Pacific Ltd.] [rel said] [ARG1 0 it proposed *-2 acquiring the 44 % of Soo Line Corp. 0 it does n't already own *T*-1 for $ 19.50 *U* a share , or about $ 81.9 million *U* , after *-2 failing *-3 to find a buyer for its majority stake earlier this year] .
- [ARG0 Soo Line] [rel said] [ARG1 0 its board appointed a special committee of independent directors 0 *T*-1 to study the proposal] .
- [ARG0 The troubled Minneapolis-based railroad concern] [rel said] [ARG1 0 the committee has the authority * to hire financial and legal advisers 0 *T*-1 to assist it] .
- [ARG1 The proposed acquisition will be subject to approval by the Interstate Commerce Commission] , [ARG0 Soo Line] [rel said] 0 *T*-1 .
- `` [ARG1 It turned out 0 we could n't sell it] , '' [ARG0 a Canadian Pacific official] [rel said] *T*-1 , [ARGM-ADV *-2 adding that * acquiring the remainder of Soo Line is now `` the best way 0 * to rationalize operations *T*-3] . ''
- [ARG0 John Uphoff , an analyst with Raymond James & Associates ,] [rel said] [ARG1 0 the results were n't surprising] , and attributed the buy-back to management 's confidence in the Mirage 's ability * to generate strong cash flow in 1990 .
- [ARGM-ADV Separately] , [ARG0 the casino operator] [rel said] [ARG1 0 its board approved a plan * to buy-back as many as three million common shares from time to time , either in the open market or through private transactions] .
- [ARG0 Capital Holding Corp.] [rel said] [ARG1 0 it requested and received the resignation of John A. Franco , its vice chairman , as an officer and a director of the life insurance holding company] .
- [ARG0 Mr. Bailey] [rel said] [ARG1 0 he expects *-1 to name a new group president 0 *T*-2 to head that operation following the Nov. 8 board meeting] .
- [ARG0 The company] [rel said] [ARG1 0 Mr. Franco developed a plan * to establish a business that *T*-1 might be competitive with Capital Holding Corp. 's Accumulation and Investment Group , which Mr. Franco headed *T*-2] .
- [ARG0 Mr. Franco , 47 years old ,] [rel said] [ARGM-LOC in a telephone interview] [ARG1 that he has been considering and discussing a number of possible business ventures , but that `` nothing is at a mature stage] . ''
- [ARG0 Mr. Franco , 47 years old ,] [rel said] [ARGM-LOC in a telephone interview] that he has been considering and discussing a number of possible business ventures , [ARG1 but] that `` nothing is at a mature stage . ''
- [ARG0 He] [rel said] [ARG1 0 he `` did n't argue with '' the company 's decision * to seek his resignation because *-3 contemplating outside business ventures can distract an executive from *-4 performing his best `` at the job 0 he is paid *-2 to do *T*-1] . ''
- [ARG1 Martin H. Ruby , a managing director of Capital Holding 's Accumulation and Investment Group , also resigned *-1 to pursue other business interests] , [ARG0 Capital Holding] [rel said] 0 *T*-2 .
- [ARG0 Mr. Ruby , 39 ,] [rel said] [ARG1 that he had `` an amicable parting '' with Capital Holding and that he has `` a number of ventures in the financial-services area '' under consideration] .
- [ARG0 He] [rel said] [ARG1 that his resignation was a mutual decision with Capital Holding management , but that he was n't actually asked *-1 *-2 to resign] .
- `` [ARG1 After more than 200 years , something new has happened to pencils] , '' [rel said] *T*-2 [ARG0 Arthur D. Little] [ARGM-LOC in a 1974 report that *T*-1 publicly described the previously secret item] .
- [ARG1 But a reduction in one-time gains on the sale of various assets and an increase in the company 's provision for loan losses held down the earnings gain] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 Most of the earnings decline reflected an increase in the company 's effective tax rate to 44 % from 37 % in the year-ago third quarter when nonrecurring tax credits were recorded *-1 *T*-2] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG0 The company] [rel said] [ARG1 0 the decline was attributable to a 79 % reduction in net gains on loan sales this year] .
- [ARG1 Third-quarter spreads widened to the highest level in two years as loan portfolio yields rose and money costs declined] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Great Western Financial] [rel said] [ARG1 0 third-quarter profit rose slightly to $ 68.4 million *U* , or 52 cents a share , from $ 67.9 million *U* , or 53 cents a share , from a year ago] .
- [ARG0 Great Western] [rel said] [ARG1 0 it had a sharp increase in margins in the recent third quarter] .
- [ARG1 Third-quarter sales of U.S. credit services were `` disappointingly below sales '' of a year earlier] , [ARG0 Dun & Bradstreet] [rel said] 0 *T*-1 .
- `` [ARG1 There is n't much question 0 there will continue *-1 to be a ripple effect] , '' [rel said] *T*-2 [ARG0 John Reidy , an analyst with Drexel Burnham Lambert Inc] .
- [ARG0 Analysts] [rel said] [ARG1 0 the results were as * expected *-1] , but several added that the earnings masked underlying weaknesses in several businesses .
- `` [ARG1 The quality of earnings was n't as high as I expected *?*] , '' [rel said] *T*-1 [ARG0 Eric Philo , an analyst for Goldman , Sachs & Co] .
- [ARG0 Dun & Bradstreet] [rel said] [ARG1 0 operating earnings rose 8 % , excluding the sale of Official Airline Guides] .
- [ARG0 Control Data Corp.] [rel said] [ARG1 0 it licensed its airline yield-management software to the International Air Transport Association] .
- [ARG0 The computer equipment and financial services company] [rel said] [ARG1 0 IATA , a trade group , will sell access to the package to its 180 airline members world-wide] .
- [ARG1 Control Data will receive revenue linked * to the number of passengers served * by the software] , [ARG0 IATA] [rel said] 0 *T*-1 .
- [ARG0 Wheeling-Pittsburgh Steel Corp.] [rel said] [ARG1 0 it decided *-1 to proceed with installation of automatic gauge and shape controls at its 60-inch tandem cold rolling mill in Allenport , Pa] .
- [ARG1 The new equipment , which *T*-1 will produce steel sheet with more uniform thickness and flatness , is likely *-3 to cost more than $ 20 million *U*] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG1 The time schedule for * installing the equipment also will be developed *-1 by the task force] , [ARG0 the company] [rel said] 0 *T*-2 .
- * Needless [ARG0 *] to [rel say] , it was an interesting first session !
- [ARGM-LOC Next to Chez Panisse] [ARG0 a homeless couple] , [ARGM-ADV *-1 bundled * into a blue sleeping bag] , sat up , [rel said] , `` [ARG1 Good morning] '' and then the woman smiled , said , `` Is n't it *EXP*-2 great * just to be alive ? ''
- Next to Chez Panisse a homeless couple , *-1 bundled * into a blue sleeping bag , sat up , said , `` Good morning '' and then [ARG0 the woman] smiled , [rel said] , `` [ARG1 Is n't it *EXP*-2 great * just to be alive ?] ''
- [ARG0 He] [rel said] [ARG1 that one of the computers took a three-foot trip *-1 sliding across the floor] .
- [ARG0 Georgia-Pacific Corp.] , [ARGM-ADV *-1 exceeding some analysts ' expectations] , [rel said] [ARG1 0 third-quarter earnings rose 56 % to $ 178 million *U* , or $ 2.03 *U* a share , from $ 114 million *U* , or $ 1.19 *U* a share , in the year-earlier period] .
- Another reason : [ARG1 strikes , both at Georgia-Pacific and other lumber companies also cut supplies and raised prices] , [ARG0 analysts] [rel said] 0 *T*-1 .
- `` [ARG1 It *EXP*-1 became apparent in hearings that there ought * to be regulation of leveraged buy-outs of some sort] , '' [ARG0 Rep. James Oberstar -LRB- D. , Minn. -RRB- , chairman of the House Aviation Subcommittee ,] [rel said] *T*-2 [ARGM-TMP during the panel 's deliberations] .
- [ARGM-LOC In his letter to Committee Chairman Glenn Anderson -LRB- D. , Calif. -RRB-] , [ARG0 the secretary] [ARGM-DIS also] [rel said] [ARG1 0 the bill `` would be at odds with the administration 's policies welcoming open foreign investment and market allocation of resources] . ''
- [ARG1 Such authority is more than adequate] , [rel say] 0 *T*-1 [ARG0 opponents of the legislation] .
- [ARGM-TMP On Monday] , [ARG0 a letter from Mr. Skinner 's deputy , Elaine Chao ,] [rel said] [ARG1 0 the administration opposed the legislation `` in its present form] . ''
- `` [ARG1 We backed this bill because we thought 0 it would help Skinner] , '' [ARG0 one Republican] [rel said] *T*-2 , `` and now we 're out there *-1 dangling in the wind . ''
- [ARG0 Dealers] [rel said] [ARG1 0 the market was nervous ahead of a special B.A.T holders ' meeting today] .
- The recent stock market drop has shaken confidence in the plan , but [ARG0 dealers] [rel said] [ARG1 0 the shares fell initially on questions about whether Mr. Goldsmith 's highly leveraged bid will come to fruition] .
- [ARG1 On Wednesday , shares were pushed *-1 up by index-related buying on the part of investment trusts as well as small orders from individuals and corporations] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARG1 The uncertainty] was multiplied *-1 by the persistent strength of the dollar , [ARG0 traders] [rel said] 0 *T*-3 , and by the U.S. trade deficit , which *T*-2 widened by 31 % in August from the previous month .
- [ARG0 Traders and analysts] [rel said] [ARG1 0 they did n't see any effect on Tokyo stocks from the California earthquake] .
- [ARG1 The impact on Japanese insurers and property owners with interests in the San Francisco area is still being assessed *-1] , [ARG0 they] [rel said] 0 *T*-2 .
- [ARG1 Buying was scattered *-3 across a wide range of issues , * making the session fairly characterless] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 With uncertainty still hanging over interest rates and the dollar , the market failed *-2 to find a focus that *T*-1 might lead to further investor commitments] , [ARG0 they] [rel said] 0 *T*-3 .
- [ARG0 Some traders] [rel said] [ARG1 0 the popularity of issues that *T*-1 gained yesterday wo n't last long , as investors will rotate their buying choices over the short term] .
- [ARG0 Traders] [rel said] [ARG1 0 these issues need large-volume buying *-1 to push up their prices , so substantial gains are n't likely unless institutional investors participate] .
- [ARG1 Its popularity was due to speculation about the strong earnings potential of a new type of plastic wrap for household use] , [ARG0 a trader at County Natwest Securities Japan] [rel said] 0 *T*-1 .
- [ARG1 Some laggard food issues attracted bargain-hunters] , [ARG0 traders] [rel said] 0 *T*-1 .
- U.K. composite , or non-life , insurers , which [ARG0 some equity analysts] [rel said] [ARG1 0 *T*-2 might be heavily hit *-1 by the earthquake disaster] , helped *-3 support the London market by *-3 showing only narrow losses in early trading .
- [ARG1 The insurers ' relative resilience gave the market time 0 * to reappraise the impact of the California disaster on U.K. equities *T*-1] , [ARG0 dealers] [rel said] 0 *T*-2 .
- [ARG0 Dealers] [rel said] [ARG1 0 the market still has n't shaken off its nervousness after its bumpy ride of the past several sessions , caused * by interest-rate increases last week and Wall Street 's 6.9 % plunge Friday] .
- [ARG1 Another reason for the weakness] , [ARG0 he] [rel said] 0 *T*-2 , may be that mortgage rates have hit a plateau since they began *-1 edging down after a peak in March .
- `` [ARG1 Rates have n't really peeled off that much] , '' [ARG0 Mr. Regalia] [rel said] *T*-1 .
- [ARG1 Work *ICH*-1 began on homes and apartments at an annual rate of 1,263,000 units last month , down 5.2 % from August] , [ARG0 the department] [rel said] 0 *T*-2 .
- `` [ARG1 It 's pretty much weak across the board] , '' [rel said] *T*-1 [ARG0 Martin Regalia , chief economist of the National Council of Savings Institutions] .
- [ARG0 Mr. Regalia] [rel said] [ARG1 0 the industry may be reluctant *-1 to step up building at the moment for fear 0 the inventories of unsold homes will increase again] .
- [ARG0 The company] [rel said] [ARG1 0 the improved performance from a year ago reflects higher commissions and revenue from marketmaking and trading for its own account] .
- [ARG0 Pfizer] [rel said] [ARG1 0 third-quarter sales increased 4 % to $ 1.44 billion *U* from $ 1.38 billion *U*] .
- [ARG0 The company] [rel said] [ARG1 0 net income was flat because of investment in research and development and costs related to launches of several products] .
- [ARG0 The company] [rel said] [ARG1 0 the dollar 's continued strengthening reduced world-wide sales growth by three percentage points] .
- [ARG0 Schering-Plough] [rel said] [ARG1 0 sales gained 2.7 % to $ 743.7 million *U* from $ 724.4 million *U*] .
- [ARG0 American Home Products] [rel said] [ARG1 0 sales and earnings for the third quarter and nine months were at record levels] .
- [ARG0 American Home Products] [rel said] [ARG1 0 net income benefited from a `` lower effective tax rate , '' reflecting a reduction of foreign tax rates , and additional operations in Puerto Rico] .
- [ARG0 Swedish auto and aerospace concern Saab-Scania AB] [rel said] [ARG1 0 it received a 250 million krona -LRB- $ 39 million *U* -RRB- order *ICH*-1 from Swiss Crossair , one of Europe 's leading regional air companies , for five Saab 340B turboprop commuter aircraft] .
- [ARG1 Charleston] is historic and aristocratic , as [ARG0 your reporter] [rel said] 0 *?* , but not haughty , as he suggested 0 *?* .
- [ARG0 Affiliated Bankshares of Colorado Inc.] [rel said] [ARG1 0 it agreed *-1 to sell its 10 % interest in Rocky Mountain Bankcard Systems for $ 18.5 million *U* to Colorado National Bank of Denver and Central Bank of Denver] .
- [ARG0 Affiliated] [rel said] [ARG1 0 it expects *-2 to record a pretax gain of about $ 18.5 million *U* from the sale of the credit-card business , which *T*-1 should more than offset any reduction in the carrying value of real estate and real-estate loans on its books] .
- [ARG0 Ex-Im Bank officials] [rel said] [ARG1 0 this review process currently is under way] .
- [ARG1 We 're no longer afraid of *-2 associating with private or foreign capital] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Whatever you tried *-3 to change *T*-1 , whether it was * cutting costs or attracting new partners , the big obstacle was the old union leadership] , '' [rel says] *T*-2 [ARG0 oil consultant George Baker] .
- `` [ARG1 I 'm the secretary-general , if there is one] , '' [ARG0 he] [rel says] *T*-1 , [ARGM-ADV *-2 greeting a visitor to his office] .
- [ARGM-ADV Though he also long benefited from the system built * by La Quina] , [ARG0 Mr. Guzman Cabrera] [rel says] [ARG1 0 union perks had simply gotten out of hand] .
- [ARG1 They are `` at the base of all of the problems of corruption] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 Also , because of its reduced capital budget , Pemex has phased out about 50,000 transitory construction workers , * reducing the work force to about 140,000] , [ARG0 the union leader] [rel says] 0 *T*-1 .
- [ARG0 Mr. Guzman Cabrera] [rel says] [ARG1 0 the union 's sacrifices will be offset *-1 by a wage and benefit package that *T*-2 amounts to a 22 % increase in compensation] .
- `` [ARG1 We are retaking the instruments of administration] , '' [rel says] *T*-1 [ARG0 Raul Robles , a Pemex subdirector] .
- [ARG0 Pemex officials] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 how much money the new contract would save the company *T*-1] , but one previous government estimate pegged savings at around $ 500 million *U* a year .
- `` [ARG1 The capriciousness would completely disrupt our operations] , '' [rel says] *T*-1 [ARG0 Ernesto Vega Velasco , Desc 's finance director] .
- `` [ARG1 If we do not integrate into this new world of interdependence , sooner or later we 're going *-2 to become victims of our own isolation] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 No matter how competent and smart you both are *T*-1 , the relationship almost certainly will erode if you do n't have time 0 * to talk , to have fun and to be sexual *T*-2] , '' [rel says] *T*-3 [ARG0 Ms. Shaevitz] .
- `` [ARG1 * Putting those times on the calendar] , '' [ARG0 she] [rel says] *T*-1 , `` is as important as * remembering business appointments . ''
- [ARG1 U.S. companies tend *-2 to favor suggestions `` that *T*-1 go for the home runs] , '' [rel says] 0 *T*-3 [ARG0 Gary Floss , vice president of corporate quality at Control Data Corp] .
- `` [ARG1 If it causes management to take their eye off the ball , inventory shrinkage is going *-2 to be affected *-1] , '' [rel says] *T*-3 [ARG0 Lewis Shealy , vice president for loss prevention at Marshall Field 's , the department store chain] .
- [ARG1 Pilferage climbed dramatically as many angry employees `` felt abandoned by the former owners] , '' [rel says] 0 *T*-1 [ARG0 the University of Florida sociologist] .
- [ARG1 Many couples `` are like ships passing in the night , '' a communications gulf that *T*-1 sparks problems on the job and at home] , [rel says] 0 *T*-2 [ARG0 psychologist Harry Levinson] .
- [ARG1 Most important] , [ARG0 experts] [rel say] 0 *T*-2 , is *T*-3 * to show that a company 's ethical tone is set *-1 at the top .
- [ARG1 Employers] foot the bill , [ARG0 he] [rel says] 0 *T*-2 , *-3 figuring 0 what *T*-1 's good for the couple is good for the company .
- `` The level of stress for a woman is often so high , 0 it 's [ARG0 the husband] who *T*-1 [rel says] , ` [ARG1 I 'm worried about her] , ' '' says *T*-2 psychologist Marjorie Hansen Shaevitz .
- `` [ARG1 The level of stress for a woman is often so high , 0 it 's the husband who *T*-1 says , ` I 'm worried about her] , ' '' [rel says] *T*-2 [ARG0 psychologist Marjorie Hansen Shaevitz] .
- [ARG0 Bank of New York Co.] [rel said] [ARG1 0 it agreed in principle *-1 to acquire the credit-card business of Houston-based First City Bancorp. of Texas for between $ 130 million and $ 134 million *U*] .
- [ARG0 The company] [ARGM-DIS also] [rel said] [ARG1 0 the transaction would bolster after-tax earnings by $ 3.25 *U* a share when * completed *-2 *T*-1 and boost its primary capital ratio to 7 % from 6.63 %] .
- [ARG0 First City , which *T*-1 recently purchased three small Texas banking concerns ,] [rel said] [ARG1 0 it would use the proceeds *-2 to pursue additional expansion opportunities in the Southwest and elsewhere] .
- [ARGM-ADV With that possibility in mind] , [ARG0 analysts] [rel said] [ARG1 0 the transaction was a positive move for First City] .
- `` [ARG1 I think 0 they 'll be able *-1 to move faster *-3 to make acquisitions in Texas] , '' [rel said] *T*-2 [ARG0 Brent Erensel , an analyst with Donaldson , Lufkin & Jenrette] .
- [ARG0 First City] [rel said] [ARG1 that because of increased competition in the credit-card business , it had decided 0 it either had *-1 to expand its own holdings substantially or sell them] .
- `` [ARG1 We think 0 there 's a good prospect that competition is going *-1 to get pretty fierce in this market] , '' [rel said] *T*-2 [ARG0 James E. Day , a First City vice president] .
- [ARG0 British Airways PLC] [rel said] [ARG1 0 it is seeking improved terms and a sharply lower price in any revised bid for United Airlines parent UAL Corp. following the collapse of a $ 6.79 billion *U* , $ 300-a-share *U* buy-out bid] .
- [ARG0 He] [rel said] [ARG1 0 he believes 0 UAL management was badly advised *-1 on the funding of its original transaction] .
- [ARG0 Mr. Stevens] [rel said] [ARG1 0 British Air has n't received any new buy-out proposals from the labor-management group , led * by UAL Chairman Stephen Wolf , and has n't received any indication of when one might be forthcoming *T*-1] .
- `` [ARG1 As far as we 're concerned , we 're waiting for the dust to settle] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-ADV Although British Air is waiting *-1 to see what the buy-out group comes up with *T*-2] , [ARG0 Mr. Stevens] [rel said] [ARG1 0 a revised transaction with less debt leverage is likely *-3 to be more attractive to banks] .
- [ARG0 He] [rel said] [ARG1 0 the original proposal is dead , and all aspects of a revised version are up for change , in light of the changes in UAL 's market price , the amount of debt 0 banks are willing *-2 to fund *T*-1 , and the price 0 British Air would be willing *-4 to pay *T*-3] .
- [ARG0 Mr. Stevens] [rel said] [ARG1 0 he expects 0 the new price will be considerably lower] , but declined *-1 to specify a figure .
- [ARGM-ADV *-2 Asked *-1 whether a $ 230-a-share *U* figure circulating in the market yesterday is too low] , [ARG0 he] [rel said] , `` [ARG1 It 's certainly not too low] . ''
- `` [ARG1 If the -LCB- new -RCB- deal had us putting up less money but still having 15 % , that would be a point in our favor] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 We do n't want *-1 to be party to a second rejection] , '' [ARG0 he] [rel said] *T*-2 , [ARGM-ADV *-3 adding that * coming up with a revised offer could easily take several weeks] .
- [ARG0 The report] [rel said] [ARG1 that utilization management should have more of an impact as federal research on the effectiveness of medical treatments helps *-1 lead to medical practice guidelines] .
- [ARG0 Howard Bailit , a panel member and a vice president of Aetna Life & Casualty ,] [rel said] [ARG1 that utilization management will also do a better job of * containing costs as it spreads *-1 to cover medical services delivered * outside of hospitals] .
- `` [ARG1 There 's pretty good evidence that utilization management has reduced inappropriate hospitalization] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 It 's like * squeezing a balloon] , '' [ARG0 Dr. Bailit] [rel said] *T*-1 .
- [ARG0 David Rahill of A. Foster Higgins & Co.] [rel said] [ARG1 that clients of his consulting firm report that utilization management reduces their hospital care bills by about 5 %] , but he agreed that for the health-care system as whole , some of these savings are offset *-1 by administrative and outpatient care costs .
- `` [ARG1 You have a whole staff standing *-2 ready '' *-3 to evaluate the appropriateness of recommended treatment] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 The unnecessary and inappropriate use of the hospital , and not the actual need for a particular procedure , has been the main focus] , '' [ARG0 the panel] [rel said] *T*-1 .
- [ARG0 Philippe Gras , a Renault managing director ,] [rel said] [ARG1 0 the new line will cover trucks of between 2.5 tons and 4.2 tons and will be built *-1 at Renault 's Bapilly plant in France and at DAF 's British plant] .
- [ARG0 Mr. Gras] [rel said] [ARG1 0 he expects a definitive agreement between the two companies to be completed *-2 in the next few months] .
- [ARG0 Mr. Gras] [rel said] [ARG1 0 the joint venture represents considerable savings for both Renault and DAF , since both companies would in any case have had *-1 to renew their existing ranges of light goods vehicles] .
- [ARG1 By *-3 pooling their resources , the two groups have effectively halved the design and development costs that *T*-1 would otherwise have been entailed *-4] , [ARG0 he] [rel said] 0 *T*-2 .
- [ARG0 Renault officials] [rel said] [ARG1 0 the potential European market for light trucks in the 2.5-ton to 4.2-ton range is between 700,000 and 800,000 vehicles annually , and Renault and DAF are aiming for a combined market share of about 11 %] .
- [ARG0 Critics of the present arrangement] are correct *-1 to [rel say] [ARG1 that it is undemocratic] .
- As [ARG0 former Fed Chairman William McChesney Martin] used *-1 to [rel say] , [ARG1 they] would have *-2 to take the punch bowl away just as the party is getting interesting .
- [ARG0 People] [ARGM-MOD will] [rel say] [ARG1 that the nation and the government have other objectives , in addition to * stabilizing the price level , which *T*-1 is true] .
- But that is not the same as [ARG0 *] [rel saying] [ARG1 that the Federal Reserve has other objectives] .
- [ARG1 The bank 's medium-term and long-term loans to less-developed countries total $ 293 million *U* , of which $ 146 million *U* *T*-1 are n't accruing interest] , [ARG0 the bank] [rel said] 0 *T*-2 .
- [ARG0 Pamela Sutherland , executive director of the Illinois Planned Parenthood Council ,] [rel says] [ARG1 0 she and her allies are `` cautiously optimistic '' 0 they can defeat it if it comes to a floor vote] .
- `` [ARG1 The prognosis is only fair] , '' [rel says] *T*-1 [ARG0 Kathie Roberts , administrative director of the Texas Right to Life Committee] .
- `` [ARG1 Those who *T*-1 are on the other side can hardly oppose alternative funding if they continue *-2 to insist on *-4 calling themselves ` pro-choice ' rather than ` pro-abortion] , ' '' [rel says] *T*-3 [ARG0 Mary Spaulding , the group 's associate state legislative coordinator] .
- `` [ARG1 We now see pro-choice legislators going on the offensive for the first time] , '' [rel says] *T*-1 [ARG0 Kate Michelman , executive director of the group] .
- `` [ARG1 It *EXP*-2 's great * to feel good for once in 15 years] , '' [rel says] *T*-1 [ARG0 Harrison Hickman , a consultant to abortion-rights advocates] , [ARGM-ADV *-3 reflecting the relief of his compatriots after last week 's victories , the first major events since the Supreme Court , in its July 3 Webster decision , permitted the states to enact restrictions on abortions] .
- `` [ARG1 The pro-choice movement has shown -- finally -- that it can mobilize] , '' [rel says] *T*-3 [ARG0 Glen Halva-Neubauer , a Furman University political scientist who *T*-1 specializes in how state legislators handle the abortion question *T*-2] .
- [ARG0 This maker and marketer of cartridge tape systems] [rel said] [ARG1 0 it completed the sale of 2.85 million shares of common priced * at $ 10 *U* a share in an initial public offering] .
- [ARG0 The company] [rel said] [ARG1 that it is selling two million shares and that the rest are being sold *-1 by certain stockholders] .
- [ARG1 B.A.T Industries PLC may delay aspects of its defensive restructuring plan -- including the sale of its Saks Fifth Avenue and Marshall Field units -- in the wake of the current upheaval in financial markets] , [ARG0 company officials] [rel said] 0 *T*-1 .
- `` [ARG1 I think 0 the restructuring will get the required support] , '' [rel said] *T*-1 [ARG0 Michael Pacitti , an analyst at London stockbroker UBS Phillips & Drew] .
- [ARG0 Company officials , holders and analysts who *T*-1 previously expected the disposals to be substantially complete by the end of next year 's first half] [ARGM-TMP now] [rel say] [ARG1 0 the market gyrations could delay the actions well into the second half] .
- [ARG1 We do n't have an absolute deadline and if market conditions are truly awful we might decide 0 it is not the right time , '' 0 * to take particular steps *T*-2] , [rel said] 0 *T*-1 [ARG0 Michael Prideaux , a B.A.T spokesman] .
- [ARG1 Even if B.A.T receives approval for the restructuring] , the company will remain in play , [rel say] 0 *T*-1 [ARG0 shareholders and analysts] , though the situation may unfold over the next 12 months , rather than six .
- `` [ARG1 The last few days will surely slow down the pace of events] , '' [rel says] *T*-1 [ARG0 Scottish Amicable 's Mr. Gilchrist] .
- [ARG1 B.A.T is n't predicting a postponement because the units `` are quality businesses and we are encouraged *-1 by the breadth of inquiries] , '' [rel said] 0 *T*-2 [ARG0 Mr. Prideaux] .
- [ARG1 But the delay could happen if B.A.T does n't get adequate bids] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 If anything , the gyrations in world stock markets -- and in B.A.T 's share price -- since last Friday 's sharp Wall Street sell-off have increased the likelihood of shareholder approval for the restructuring] , [ARG0 analysts and several big institutional holders] [rel said] 0 *T*-1 .
- [ARG0 People familiar with B.A.T] [rel say] [ARG1 0 possible acquirers for the units include managers from both retailing chains , and General Cinema Corp. , which *T*-1 is interested in *-2 bidding for Saks] .
- Though [ARG0 Sir James] has [rel said] [ARG1 0 he intends *-2 to mount a new bid for B.A.T once approval from U.S. insurance regulators is received *-1] , jitters over prospects for junk-bond financing and U.S. leverage buy-outs are making investors more skeptical about Sir James 's prospects .
- `` [ARG1 * Thank God 0 we have some deal on the table] , '' [rel said] *T*-2 [ARG0 Stewart Gilchrist , a director at Scottish Amicable Investment Managers , which *T*-1 intends *-3 to vote its roughly 1 % stake in favor of the restructuring] .
- [ARG0 United Parcel Service , Greenwich , Conn. ,] [rel said] [ARG1 0 its operations in the San Francisco area have been reduced *-1 to 40 % of normal] .
- [ARG0 A UPS spokesman] [rel said] [ARG1 that although none of the company 's terminals , trucks or airplanes were damaged *-1 in the quake , road shutdowns and power failures have impeded its pickup and delivery of packages] .
- [ARG1 But rail , air and ocean-shipping links to the area escaped Tuesday 's earthquake with only minor damage , and many are expected *-1 to be operating normally today] , [ARG0 government and corporate transport officials] [rel said] 0 *T*-2 .
- [ARG0 Union Pacific Corp. 's rail unit] [rel said] [ARG1 that except for damage to shipping containers in its Oakland yard , its track , bridges and structures were unharmed] .
- [ARG0 Southern Pacific Transportation Co. , the hardest hit of the three railroads in the Bay area ,] [rel said] [ARG1 0 service on its north-south coastline , which *T*-3 is used *-2 by an Amtrak train between Los Angeles and Seattle , was suspended *-1 temporarily because of kinked rails near the epicenter of the quake] .
- `` [ARG1 We had no serious damage on the railroad] , '' [rel said] *T*-1 [ARG0 a Southern Pacific spokesman] .
- Air traffic at San Francisco International Airport was running about 50 % of normal yesterday afternoon , but [ARG0 airport officals] [rel said] [ARG1 0 they expect a return to full operations by Saturday] .
- [ARG0 Amtrak] [rel said] [ARG1 0 it suspended train service into its Oakland station , which *T*-1 sustained `` heavy structural damage '' during the quake] .
- [ARG0 The passenger railroad] [rel said] [ARG1 0 it terminated some runs in Sacramento , *-1 relying on buses *-2 to ferry passengers to the Bay area] .
- [ARG0 Amtrak] [rel said] [ARG1 0 it planned *-1 to resume some train operations to Oakland late yesterday] .
- [ARG1 The Bay Area Rapid Transit `` withstood the earthquake perfectly] , '' [rel said] 0 *T*-1 [ARG0 Mr. Engelken] , [ARGM-ADV *-2 adding that the rail system was running a full fleet of 45 trains during the day *-3 to provide an alternative for highway travelers] .
- `` [ARG1 The highway system is screwed *-1 up '' by the earthquake] , [ARG0 Mr. Engelken] [rel said] 0 *T*-2 .
- [ARG1 Runways at San Francisco were n't damaged *-2 , but traffic was being limited *-1 yesterday to 27 arrivals and 27 departures an hour -- down from 33 to 45 an hour normally -- mainly because the noise level in the control tower was overwhelming without the windows] , [ARG0 an FAA spokeswoman] [rel said] 0 *T*-3 .
- [ARG0 A United spokesman] [rel said] [ARG1 0 14 of its 21 gates were unusable , mainly because of water damage caused * when a sprinkler system was triggered *-1 by the tremors *T*-2] .
- [ARG0 The United spokesman] [rel said] [ARG1 0 none of its people were injured *-1 at the airport] ; in fact , as the airport was being evacuated *-2 Tuesday night , two babies were born *-3 .
- Yesterday , the United ticket counter was active , with people trying *-1 to get flights out , but [ARG0 the airline] [rel said] [ARG1 0 demand for seats into the city also was active , with people trying *-2 to get there *-2 to help family and friends] .
- [ARG1 The airports in San Jose and Oakland were both fully operational by noon yesterday] , [ARG0 the Federal Aviation Administration] [rel said] 0 *T*-1 .
- `` [ARG1 I think 0 that 's the first nonstop commercial passenger flight from Japan 0 *T*-3 to land here] , '' [ARG0 an airport spokesman] [rel said] *T*-2 .
- [ARG0 A Japan Air Lines spokesman] [rel said] [ARG1 0 its flights into *RNR*-2 and out of *RNR*-2 San Francisco were n't affected *-1 , but * getting information about its operations was difficult] .
- `` [ARG1 We 're in the dark] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 People 's ability * to drive throughout the bay area is greatly restricted *-1] , '' [rel said] *T*-2 [ARG0 a spokesman for the American Automobile Association] .
- [ARG0 Tom Schumacher , executive vice president and general manager of the California Trucking Association in Sacremento ,] [rel said] [ARG1 0 his organization urged trucking firms *-3 to halt all deliveries into the Bay area *ICH*-2 yesterday , except for emergency-medical supplies] .
- `` [ARG1 Some foodstuff shipments will probably resume Thursday] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 This -LCB- Wednesday -RCB- morning the San Mateo bridge was open and now we are informed *-1 that it is closed] , '' [ARG0 Mr. Schumacher] [rel said] *T*-2 .
- `` [ARG1 It 's not very often 0 something like this comes up *T*-2] , '' [rel said] *T*-1 [ARG0 Ron Littleboy , a liquor company analyst at Nomura Research Institute in London] .
- [ARG1 Whitbread already has been approached *-1 by `` about half a dozen '' companies interested in * buying all or part of the spirits business] , [ARG0 a spokesman] [rel said] 0 *T*-3 .
- [ARG1 The Whitbread spirits auction `` is an extremely interesting development ... and naturally we 'll be considering it carefully] , '' [ARG0 a Grand Met spokesman] [rel said] 0 *T*-1 .
- `` [ARG1 We will certainly have *-2 to take a look at '' the Whitbread spirits business] , [ARG0 an Allied-Lyons spokesman] [rel said] 0 *T*-1 .
- [ARG1 Such companies `` are increasingly being left *-1 behind '' in the global liquor business] , [rel says] 0 *T*-2 [ARG0 Nomura 's Mr. Littleboy] .
- [ARG1 * Focusing on beer , restaurants and hotels means 0 `` we can concentrate our skills and resources more effectively] , '' [ARG0 Peter Jarvis , Whitbread 's managing director ,] [rel said] 0 *T*-1 [ARGM-LOC in a statement] .
- [ARG1 Beefeater alone is worth as much as # 300 million *U*] , [ARG0 analysts] [rel said] 0 *T*-1 .
- [ARG0 The real estate limited partnership] [ARGM-DIS also] [rel said] [ARG1 0 it will pay a special year-end cash distribution of 10 cents a unit] .
- [ARG0 Mellon Bank Corp.] [rel said] [ARG1 0 directors authorized the buy-back of as many as 250,000 common shares] .
- [ARG0 The bank holding company] [rel said] [ARG1 0 stock repurchased * will be used *-1 * to meet requirements for the company 's benefit plans] .
- `` [ARG1 It 's going *-2 to be nuclear war] , '' [rel says] *T*-1 [ARG0 Thomas Willmott , a consultant with Aberdeen Group Inc] .
- [ARG0 Robert M. Glorioso , Digital 's vice president for high performance systems ,] [rel says] [ARG1 0 Digital 's mainframe is designed *-1 not as a central computer around which everything revolves *T*-2 , but as part of a decentralized network weaving together hundreds of workstations , personal computers , printers and other devices] .
- [ARG0 He] [rel says] [ARG1 0 Digital will target faster-growing market segments such as on-line transaction processing , which *T*-1 includes retail-sales tracking , airline reservations and bank-teller networks] .
- `` [ARG1 Their attitude is , ` You want *-1 to talk mainframes , we 'll talk mainframes , '] '' [rel says] *T*-2 [ARG0 one computer industry executive] .
- [ARG0 Stanley Rose , a vice president , technological and strategic planning at Bankers Trust ,] [rel says] [ARG1 that despite Digital 's low prices , `` we are n't about *-1 to unplug our IBM mainframes for a DEC machine] .
- [ARG1 Bankers Trust uses Digital 's VAX *-2 to run its huge money-transfer and capital markets accounts , *-2 juggling hundreds of billions of dollars each day] , [ARG0 he] [rel says] 0 *T*-3 .
- [ARG1 Now they do n't have *-1 to *?*] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Analysts] [rel say] [ARG1 0 Digital can expect this pent-up demand for the new VAX to fuel strong sales next year] .
- [ARG1 The first model available will be the 210 , which *T*-1 is likely *-2 to appeal to many technical and scientific buyers interested * in the optional super-charger , or vector processor] , [rel says] 0 *T*-3 [ARG0 Terry Shannon of International Data Corp. , a market research concern] .
- [ARG1 Digital 's failure * to deliver a true mainframe-class machine before now may have cost the company as much as $ 1 billion *U* in revenue in fiscal 1989] , [ARG0 Mr. Willman] [rel says] 0 *T*-1 .
- [ARG1 However , many institutional investors are reacting to the stock market 's plunge as `` a great buying opportunity] , '' [rel said] 0 *T*-1 [ARG0 Charles I. Clough , chief investment strategist at Merrill Lynch Capital Markets] .
- [ARG1 Speculation that the Federal Reserve will lower interest rates in coming weeks helped push the dollar down while *-1 boosting stocks] , [ARG0 traders] [rel said] 0 *T*-2 .
- `` [ARG1 I 'm surprised 0 we did n't see more volatility '' in stocks] , [rel said] 0 *T*-1 [ARG0 Raymond F. DeVoe Jr. , market strategist at Legg Mason Wood Walker] .
- [ARG0 AMR Corp.] posted an 8.8 % drop in third-quarter net income and [rel said] [ARG1 0 the fourth quarter will be `` disappointing '' as well , primarily because of slimmer profit margins and increased fuel costs] .
- [ARG0 Tim Pettee , an analyst with Merrill Lynch & Co. ,] [rel said] : `` [ARG1 The business turned faster than * expected *-1] .
- [ARG0 AMR 's board] , [ARGM-LOC in a statement after a regular meeting yesterday] , [rel said] : `` [ARG1 Ill-considered and reckless acquisition proposals adversely affect employee , financial and business relationships and are contrary to the best interests of AMR shareholders] ... .
- [ARG0 Mr. Crandall] [rel said] [ARG1 0 the company 's current decline in earnings is exactly the kind of situation that an excessively leveraged company laden with debt from a takeover would find *T*-1 difficult 0 * to weather *T*-2] .
- `` [ARG1 Our very disappointing third-quarter results and the discouraging outlook for the fourth quarter underscore the importance of an adequate capital base] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Some analysts] [rel say] [ARG1 0 the latest results only seem pale by comparison with a spectacular second half of 1988] .
- Meanwhile , [ARG0 the company 's board] , which *T*-1 had [rel said] [ARG1 nothing] publicly about investor Donald Trump 's recently withdrawn $ 7.5 billion *U* offer for AMR , issued a statement condemning `` ill-conceived and reckless '' bids and saying 0 it was `` pleased '' that Mr. Trump had backed out .
- Meanwhile , the company 's board , which *T*-1 had said nothing publicly about investor Donald Trump 's recently withdrawn $ 7.5 billion *U* offer for AMR , issued [ARG0 a statement] condemning `` ill-conceived and reckless '' bids and [rel saying] [ARG1 0 it was `` pleased '' that Mr. Trump had backed out] .
- [ARG0 AMR 's chairman , Robert L. Crandall ,] [rel said] [ARG1 0 the results were due to an 11 % year-to-year increase in fuel prices and a slight decrease in yield , an industry measure analogous to profit margin on each seat sold *] .
- `` [ARG1 We think 0 these trends will continue and will produce a very disappointing fourth quarter as well] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 This bill] [ARGM-ADV simply] [rel says] [ARG1 that if you want *-1 to develop property on a barrier island you have *-2 to do so without taxpayer support] .
- [ARG0 The government] [rel said] [ARG1 0 13.1 % of Americans , or 31.9 million people , were living in poverty in 1988] .
- [ARGM-ADV While last year 's figure was down from 13.4 % in 1987 and marked the fifth consecutive annual decline in the poverty rate] , [ARG0 the Census Bureau] [rel said] [ARG1 0 the 1988 drop was n't statistically significant] .
- [ARG1 More than half of poor families were headed *-1 by women living without men] , [ARG0 the bureau] [rel said] 0 *T*-2 .
- [ARG1 If it were n't for Social Security payments , more than three times as many elderly would be below the poverty line] , [ARG0 Mr. Butz] [rel said] 0 *T*-1 .
- [ARG0 The Census Bureau] [ARGM-DIS also] [rel said] :
- [ARGM-ADV *-1 Summarizing data derived * from a March 1989 survey of 58,000 households] , [ARG0 William Butz , associate director of the Census Bureau ,] [rel said] [ARG1 that `` most groups either stayed the same or improved] . ''
- [ARGM-ADV *-2 Fueling a controversy that *T*-1 has been simmering for years] , [ARG0 the Census Bureau] [ARGM-DIS also] [rel said] [ARG1 0 its figures would look far rosier if it recalculated the poverty threshold *-3 using an improved consumer-price measure adopted * in 1983] .
- [ARG0 The bureau] [rel said] [ARG1 0 some 3.5 million fewer people would have fallen below the poverty line in 1988 -- and the poverty rate would have been 10.5 % instead of 13.1 % -- under the alternative calculation] .
- [ARG0 Mr. Butz] [rel said] [ARG1 0 the divergence in the two measures reflects changes in family size and structure , including the rising number of female-headed families and a sharp increase in income reported * by Americans who *T*-1 are n't living in families] .
- [ARG0 Kansas Power] [rel said] [ARG1 0 Mr. Black , 61 , chose early retirement] .
- `` [ARG1 Galileo is on its way to another world in the hands of the best flight controllers in this world] , '' [ARG0 Atlantis Commander Donald Williams] [rel said] *T*-1 .
- `` [ARG1 I 'm happy and sad] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 They] [rel said] [ARG1 0 they dropped plans * to infiltrate the Kennedy Space Center after NASA beefed up its security] .
- `` [ARG1 NASA did it right ; that 's the message] , '' [rel said] *T*-1 [ARG0 J.R. Thompson , the agency 's deputy administrator] .
- [ARGM-TMP Yesterday] , [ARG0 U.S. Judge Alcee Hastings] faced his jury -- the full U.S. Senate -- and [rel said] , `` [ARG1 I am not guilty of *-1 having committed any crime] . ''
- [ARGM-DIS But] [ARG0 Rep. John Bryant -LRB- D. , Texas -RRB- , the lead counsel for the House managers who *T*-1 conducted a lengthy inquiry into Judge Hastings ' activities ,] [rel said] `` [ARG1 a mountain of evidence points to his certain guilt] . ''
- [ARGM-DIS However] , [ARG0 Judge Hastings] has [rel said] [ARG1 0 he will continue *-1 to fight and is contemplating an appeal of any impeachment to the U.S. Supreme Court] .
- In a case involving Avondale Industries Inc. and its insurer , Travelers Cos. , the Second U.S. Circuit Court of Appeals in New York ruled in favor of the company on [ARG1 two issues] that [ARG0 lawyers] [rel say] 0 *T*-1 are central to dozens of pollution cases around the country .
- [ARG1 They also have argued that government proceedings notifying a company of potential responsibility do n't fit the legal definition of a lawsuit ; thus , such governmental proceedings are n't covered *-1 by the policies] , [ARG0 the insurers] [rel say] 0 *T*-2 .
- [ARG0 The appeals court] [ARGM-DIS also] [rel said] , [ARG1 0 `` We think 0 an ordinary businessman reading this policy would have believed himself covered for the demands and potential damage claims '' stemming from any cleanup] .
- `` [ARG1 This decision] will have a very considerable impact , '' [rel said] 0 *T*-2 [ARG0 Kenneth Abraham , professor of environmental law and insurance law at the University of Virginia] , because many commercial insurance policies are issued *-1 by companies based * in New York .
- [ARG0 William Greaney , an attorney for the Chemical Manufacturers Association ,] [rel said] [ARG1 that while other appeals courts have ruled differently on whether cleanup costs are damages , the influence of the appeals court in New York `` will make insurers sit up and listen] . ''
- [ARG0 He] [rel said] [ARG1 0 the decision was the first in which a federal appeals court has ruled whether administrative government proceedings qualify as litigation *T*-1] .
- [ARG0 Barry R. Ostrager , an attorney for Travelers ,] [rel said] , `` [ARG1 there are procedural bases on which this case will be appealed *-1 further *T*-2] . ''
- `` [ARG1 The report provides detailed documentation of the extent and nature of the problem and indicates how we may want *-2 to shape solutions *T*-3] , '' [rel said] *T*-4 [ARG0 Joseph Genova , chairman of the committee that *T*-1 oversaw the survey and a partner at the law firm of Milbank , Tweed , Hadley & McCloy] .
- [ARGM-TMP During the 15-month survey] , [ARG0 43 % of all legal-services programs] [rel said] [ARG1 that at some period they were unable *-1 to accept new clients unless they had an emergency] .
- [ARG0 Mr. Genova] [rel said] [ARG1 0 the committee may meet *-1 to propose solutions to the problems identified * in the study] .
- [ARGM-DIS But] [ARG0 lawyers] [rel said] [ARG1 0 Mr. Steinberg probably faced much more potential liability because , when he sued Disney during his takeover battle *T*-1 , he filed on behalf of all shareholders] .
- [ARG0 Sears] [rel said] [ARG1 0 it would put the 110-story tower on the block *ICH*-1] [ARGM-TMP almost a year ago] [ARGM-ADV as part of its anti-takeover restructuring] .
- [ARG0 Real estate industry executives] [rel said] [ARG1 0 Sears ' investment banker , Goldman , Sachs & Co. , sought financing in Japan] .
- [ARG0 Tandy Corp.] [rel said] [ARG1 0 it signed a definitive agreement * to acquire two units of Datatronic AB of Stockholm for cash] .
- [ARG1 Closing of the transaction is subject to certain conditions and regulatory approvals] , [ARG0 the company] [rel said] 0 *T*-1 .
- `` [ARG1 You see these in just about every LBO] , '' [rel said] *T*-1 [ARG0 Robert Willens , senior vice president in charge of tax issues at Shearson Lehman Hutton Inc. in New York] .
- [ARG0 Several Wall Street officials] [rel say] [ARG1 0 the proposed legislation already is having an impact] .
- [ARGM-DIS Moreover] , [ARG0 one investment banker , who *T*-1 requested anonymity ,] [rel said] [ARG1 0 his firm did n't raise the ante for a target company earlier this month after a stronger bid emerged from a public company that *T*-2 was n't concerned about the financing provision] .
- `` [ARG1 We would have paid more if we thought 0 that law was n't going *-2 to pass] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 The pigs in the trough may have *-1 to give a little bit of the slop back and then the deal can go through] , '' [rel said] *T*-2 [ARG0 Peter C. Canellos , tax partner at Wachtell , Lipton , Rosen & Katz] .
- [ARG1 Another solution] , [rel said] 0 *T*-3 [ARG0 a tax lawyer who *T*-1 requested anonymity] , is for firms to use convertible bonds that *T*-2 sell at a discount .
- `` [ARG1 There 's no question 0 it will make LBOs more expensive] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 The firm] [rel said] [ARG1 that losers outnumbered gainers by more than three to one among the 122 funds 0 it tracks *T*-1] .
- [ARGM-TMP For the first nine months of the year] , [ARG0 Norwood] [rel said] [ARG1 0 the average fund has lost 3.3 %] .
- [ARGM-DIS But] [ARG0 Mr. Fitzwater] [rel said] , `` [ARG1 There will be , I think quite obviously 0 *T*-1 , a very large amount of money required * from all levels of government] . ''
- [ARG0 Mr. Clanahan] [rel says] [ARG1 0 FEMA now possibly may have the heaviest caseload in its history] .
- `` [ARG1 It 's been a bad month money-wise and every other way] , '' [rel said] *T*-1 [ARG0 Sally Stewart , a spokeswoman for the Red Cross] .
- [ARG1 All the precise types of federal aid that *T*-3 will be sent *-2 to California wo n't be determined *-1 until state officials make specific requests to FEMA] , [ARG0 agency officials] [rel said] 0 *T*-4 .
- [ARG1 And in the confusion after the earthquake , `` the information flow is a little slow *-2 coming in from the affected area] , '' [rel said] 0 *T*-1 [ARG0 Carl Suchocki , a FEMA spokesman] .
- [ARG0 HUD officials] [rel said] [ARG1 0 they will make available as many as 100 Bay area houses that *T*-1 are under HUD loans but now are vacant after the houses have been inspected *-2 * to ensure 0 they are sound] .
- [ARG1 Additional housing vouchers and certificates will be made *-1 available] , [ARG0 officials] [rel said] 0 *T*-3 , and some housing and community-development funds may be shifted *-2 from other programs or made *-2 available for emergency use .
- [ARG0 The IRS] [rel said] [ARG1 0 it will waive certain tax penalties for earthquake victims unable * to meet return deadlines or make payments because of the quake 's devastation] .
- [ARGM-DIS And] [ARG0 the Treasury] [rel said] [ARG1 0 residents of the San Francisco area will be able *-1 to cash in savings bonds even if they have n't held them for the minimum six-month period] .
- [ARGM-DIS And] [ARG0 the Pentagon] [rel said] [ARG1 0 dozens of additional crews and transport aircraft were on alert `` *-1 awaiting orders * to move emergency supplies] . ''
- [ARG1 *-1 To help residents in Northern California rebuild , FEMA intends *-1 to set up 17 disaster assistance offices in the earthquake area in the next several days and to staff them with 400 to 500 workers from various agencies] , [rel said] 0 *T*-2 [ARG0 Robert Volland , chief of the agency 's individual assistance division] .
- [ARG0 Keith Mulrooney , special assistant to Federal Highway Administrator Thomas Larson ,] [ARGM-DIS also] [rel said] [ARG1 that after the 1971 San Fernando earthquake in Southern California , the state set tougher standards for bridges , and with federal aid , began a program 0 *T*-1 to retrofit highways and bridges for earthquake hazards] .
- [ARG1 The two major structures that *T*-881 failed Tuesday night *ICH*-1] , [ARG0 he] [rel said] 0 *T*-3 , were both built *-2 well before the 1971 earthquake -- the San Francisco Bay Bridge , completed * in the 1930s , and the section of I-880 , built * in the 1950s .
- In Hugo 's wake , Congress allocated $ 1.1 billion *U* in relief funds , and [ARG0 White House spokesman Marlin Fitzwater] [rel said] [ARG1 0 $ 273 million *U* of that money remains and could be diverted *-1 for quick expenditures related to the earthquake] .
- `` [ARG1 That obviously means that we wo n't have enough for all of the emergencies that *T*-1 are now facing us , and we will have *-2 to consider appropriate requests for follow-on funding] , '' [ARG0 Mr. Fitzwater] [rel said] *T*-3 .
- `` [ARG1 Labor takes the biggest single chunk out of the ` food dollar] , ' '' [rel says] *T*-1 [ARG0 Frank Pankyo of the Food Institute] .
- [ARG0 Stokely] [rel says] [ARG1 0 stores revive specials like three cans of peas for 99 cents] .
- [ARG0 The authors , from Boston 's Beth Israel Hospital ,] [rel say] [ARG1 that 84 % of the 50 births 0 they followed *T*-1 occurred after only two in vitro cycles] .
- [ARG0 Only three of the 25 corporate pension fund managers attending a Lowry Consulting Group client conference] [rel say] [ARG1 0 they plan *-1 to change the asset allocation mix in their portfolios because of the market drop] .
- `` [ARG1 We 're on a tight budget] , '' [rel says] *T*-2 [ARG0 Detroit Edison 's Carol Roskind] .
- [ARG0 Scott E. Thomas] [rel says] [ARG1 0 the plans give employees `` a bonus in the form of charitable donations made * from an employer 's treasury '' in exchange for the political donation] .
- `` [ARG1 The U.S. government could be , in effect , subsidizing political contributions to corporate PACs] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-ADV Despite federal approval] , [ARG0 General Dynamics] [rel says] [ARG1 0 it decided 0 it wo n't go ahead with the matching program] .
- [ARG0 Spiegel , which *T*-1 also owns Eddie Bauer and Honeybee ,] [rel says] [ARG1 that since 1987 , sales have doubled during the week before Christmas] .
- [ARG0 Blunt Ellis , a Milwaukee brokerage firm ,] [rel says] [ARG1 0 part of the reason 0 catalog sales grow in popularity *T*-3 is because consumers have more money but less time 0 * to spend it *T*-1] .
- [ARG0 New Product News] [rel says] [ARG1 0 the beverage `` looks like ginger ale , tastes a little like cherries and smells like bubble gum] . '' ...
- `` [ARG1 People asked , is it really true ?] '' [rel says] *T*-2 [ARG0 Maury Kelley , vice president , marketing services , for Beecham Products USA , a maker of health and personal-care products that *T*-1 used the ranking in its recruiting brochure] .
- [ARG0 Mr. Savageau] [rel says] [ARG1 0 earthquake or not , San Francisco makes the list] .
- `` [ARG1 I hate *-1 to dignify the publication by *-1 commenting on the obscene rating] , '' [ARG0 Mayor Carolyn Robinson] [rel says] *T*-4 , [ARGM-ADV *-2 adding that cities have no way 0 * to rebut the book *T*-5] .
- *-2 Unamused , residents burned Rand McNally books and wore [ARG0 T-shirts] that *T*-1 [rel said] : `` [ARG1 * Kiss my Atlas] . ''
- `` [ARG1 We 're encouraging a graceful transition] , '' [rel says] *T*-1 [ARG0 Mary Kay Poppenberg , the organization 's president] .
- [ARG0 Northrop , which since early 1988 *T*-2 has declined *-3 to accept fixed-price contracts for research and development ,] [rel said] [ARG1 0 earnings were hurt *-1 by excessive costs on a number of such contracts won * years ago] .
- [ARG0 It] [rel said] [ARG1 0 debt remained at the $ 1.22 billion *U* that *T*-1 has prevailed since early 1989 , although that compared with $ 911 million *U* at Sept. 30 , 1988] .
- [ARG1 F-16 deliveries also have fallen `` *-3 slightly behind schedule , '' although a return to the previous schedule *ICH*-2 is expected *-17 in 1990] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Northrop] [rel said] [ARG1 0 sales fell because of the decline in B-2 development dollars from the government as the plane continues its initial production stage and because fewer F\/A-18 fighter sections are being produced *-19 in its subcontract work with prime contractor McDonnell Douglas Corp] .
- [ARG0 Rick Sherlund , a Goldman Sachs analyst ,] [rel said] [ARG1 0 Lotus had upgrade revenue of about $ 22 million *U* *ICH*-1 in the quarter , twice what he had expected *T*-2] .
- [ARG0 Lotus] [rel said] [ARG1 0 net rose to $ 23 million *U* , or 54 cents a share , on sales of $ 153.9 million *U*] .
- [ARG0 The company] [rel said] [ARG1 0 results were bolstered *-1 by upgrades to Release 3 by previous customers and improved profit margins , the result of manufacturing-cost controls] .
- [ARG0 A Hewlett-Packard spokeswoman] [rel said] [ARG1 that , while `` things are a big mess , '' some 18,000 Valley employees have been called *-1 back to work today] .
- [ARG0 Digital Equipment Corp. , with major facilities in Santa Clara , Cupertino , Palo Alto and Mountain View ,] [rel said] [ARG1 that all of its engineering and manufacturing sites had reported to corporate headquarters in Maynard , Mass. , Tuesday night] .
- [ARG1 None sustained `` significant '' damage] , [ARG0 a spokesman] [rel said] 0 *T*-1 , [ARGM-ADV *-3 adding that `` the delicate manufacturing process machines were checked *-2 and were all found *-2 to be operating normally] . ''
- [ARGM-DIS For example] , [ARG0 a spokesman for Advanced Micro Devices] [rel said] [ARG1 0 the Sunnyvale chip maker is worried about blackouts] .
- [ARGM-DIS In addition] , [ARG0 some microelectronics companies] [rel said] [ARG1 0 they were prepared for tremulous conditions like Tuesday 's] .
- [ARG0 Analysts and corporate officials] [rel said] [ARG1 0 they expected practically no long-term disruption in shipments from the Valley of either hardware or software goods] .
- [ARG0 Intel] [rel said] [ARG1 that over the past decade , it has installed computer sensors and shutoff valves , sensitive to the shake of an earthquake , in the pipes that *T*-1 snake through its plants] .
- [ARG0 Compaq] [rel said] [ARG1 0 it foresees no difficulties in *-1 obtaining parts in the immediate future] .
- [ARG0 Digital] [ARGM-DIS also] [rel said] [ARG1 0 it has dispatched teams of technicians to California] .
- [ARGM-TMP Meanwhile] , [ARG0 several other major installations around the Valley -- America 's center of high-tech --] [rel said] [ARG1 0 they , too , fared as well as * could be expected *-1] .
- [ARG1 Lawrence Livermore National Laboratory , where the Energy Department tests *RNR*-2 and conducts research on *RNR*-2 nuclear weapons *T*-1 , had only `` superficial damage] , '' [ARG0 a spokesman] [rel said] 0 *T*-3 .
- [ARG1 Several engineering and research offices needed closer scrutiny *-3 to make sure 0 they were n't in danger of crumbling , but `` the bulk of the place is in pretty good shape] , '' [ARG0 an official] [rel said] 0 *T*-2 .
- `` [ARG1 These systems are more rugged than many people would believe *?*] , '' [rel said] *T*-2 [ARG0 Thomas Kurlak , who *T*-1 tracks the computer industry for Merrill Lynch Research] .
- [ARG0 IBM] , [ARGM-DIS for instance] , [rel said] [ARG1 0 it anticipates *-2 returning to a normal work schedule by the weekend at its San Jose plant , which *T*-1 puts out disk drives for the 3090 family of mainframes] .
- [ARGM-DIS However] , [ARG0 dozens of bakers , restaurant chefs and other food preparers who *T*-1 flocked to Mr. Maynard 's defense] [rel say] [ARG1 that products ranging from egg bread to eclairs lose some zip when the eggs come in 30-pound cans instead of shells *T*-2] .
- [ARG1 Because fresh eggs are less expensive than processed ones , a big egg user can recover the Egg King 's $ 3,390 *U* cost in a few months] , [rel says] 0 *T*-1 [ARG0 Mr. Maynard] .
- [ARG0 He] [rel says] [ARG1 0 the handful of salmonella cases involving products that *T*-1 may have used eggs broken * by an Egg King stemmed from a failure * to adequately cook the products] .
- [ARGM-DIS But] [ARG0 he] [rel says] [ARG1 0 that 's no more a reason for * banning Egg Kings than bad drivers are a reason for * banning cars] .
- `` [ARG1 Human nature being what it is *T*-1 , people do n't always follow instructions] , '' [rel says] *T*-2 [ARG0 Jack Guzewich , chief of food protection for the New York state Health Department] .
- The UEP declines *-2 to comment , but [ARG0 the group 's attorney , Alfred Frawley ,] [rel says] [ARG1 0 the group 's actions are motivated *-1 solely by `` health concerns] . ''
- [ARGM-DIS But] [ARG0 the FDA] [ARGM-LOC in a 1985 letter to the United Egg Producers] [rel said] [ARG1 that there was `` little likelihood '' of a health problem as long as instructions were followed *-1] .
- [ARG0 Mr. Maynard] [rel says] [ARG1 0 the ruling pushed his company into bankruptcy court] .
- [ARG1 Monthly sales of his Egg King machine -- which he now is marketing *T*-1 through a new company -- have sunk to about half a dozen from a peak of 75] , [rel says] 0 *T*-2 [ARG0 the 46-year-old businessman] .
- [ARG0 Galveston-Houston Co.] [rel said] [ARG1 0 it will redeem all 3,950 shares of its privately held 6.5 % convertible Series C preferred stock Nov. 8] .
- [ARG0 Bank Building & Equipment Corp.] of America , which *T*-1 [ARGM-TMP previously] [rel said] [ARG1 0 accounting discrepancies 0 its auditors uncovered *T*-2 would hurt earnings and require restatement of earlier results] , increased its projections of the negative fiscal impact , and said 0 it was exploring the company 's sale .
- [ARG0 Bank Building & Equipment Corp. of America , which *T*-1 previously said 0 accounting discrepancies 0 its auditors uncovered *T*-2 would hurt earnings and require restatement of earlier results ,] increased its projections of the negative fiscal impact , and [rel said] [ARG1 0 it was exploring the company 's sale] .
- [ARGM-TMP Yesterday] , [ARG0 the company] [rel said] [ARG1 0 the negative after-tax effect on earnings for the year will be about $ 3.3 million *U*] .
- [ARG0 Bank Building , which *T*-1 expects *-2 to report a fourth-quarter loss ,] [rel said] [ARG1 0 it engaged advisers 0 *T*-3 to `` explore financial alternatives for the company including the possible sale of the company or one or more of its units] . ''
- [ARG0 Bank Building] [ARGM-TMP earlier] [rel said] [ARG1 0 the restatement is necessitated *-1 by `` certain errors in * recording receivables and payables '' at its Loughman Cabinet division] .
- [ARG0 The Chicago Mercantile Exchange] [rel said] [ARG1 0 it fined Capcom Futures Inc. $ 500,000 *U* and accepted its withdrawal from membership as part of a settlement of disciplinary actions against the firm] .
- [ARGM-TMP In June] , [ARG0 the Chicago Board of Trade] [rel said] [ARG1 0 it suspended Capcom Financial] .
- [ARG1 The Capcom Futures unit withdrew from Board of Trade membership voluntarily in August] , [ARG0 a Board of Trade spokesman] [rel said] 0 *T*-1 .
- [ARG0 Capcom Futures] , [ARGM-ADV while *-2 neither admitting nor denying the Merc charges] , [rel said] [ARGM-LOC in a statement] [ARG1 that the Merc charges were `` technical in nature '' and that `` no customers were hurt *-1 '' as a result of the violations cited * by the Merc] .
- [ARG0 Some fund managers] [rel say] [ARG1 0 inflows could increase in coming days as a result of stock selling in the wake of Friday 's 190.58 point drop in the Dow Jones Industrial Average] .
- `` [ARG1 If you 're selling equities , you do n't start *-3 getting proceeds for five to seven days] , '' [rel said] *T*-2 [ARG0 Frank Rachwalski , who *T*-1 manages the Kemper Money Market Fund] .
- [ARG0 Neal Litvack , marketing vice president for Fidelity Investments ,] [rel said] [ARG1 0 inflows Friday into Fidelity 's Spartan and Cash Reserves money-market funds were about twice normal levels , with about half coming from equity and junk-bond funds] .
- [ARG1 Monday and Tuesday `` were lackluster in comparison] , '' [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 People are n't necessarily running *-2 scared] , '' [ARG0 Mr. Litvack] [rel said] *T*-1 .
- `` [ARG1 We were expecting it , following the fall of the Dow Friday] , '' [rel said] *T*-1 [ARG0 Brenda Malizia Negus , editor of Money Fund Report] .
- [ARG1 Money-fund assets] have been rising at an average rate of $ 1.6 billion *U* a week in recent months , [ARG0 Ms. Negus] [rel said] 0 *T*-2 , *-1 reflecting the relatively high yields .
- [ARG1 It implies very dramatic growth] , '' [ARG0 he] [rel said] *T*-1 .
- The new agency group is already in discussions about a possible purchase in Spain , while [ARG0 Mr. Breene] [rel said] [ARG1 0 it also plans *-1 to make acquisitions in Scandinavia , Germany and elsewhere] .
- [ARGM-TMP When WCRS created Della Femina McNamee out of the merger of three smaller agency units in 1988 *T*-1] , [ARG0 it] [rel said] [ARG1 0 it did so in order *-2 to attract larger clients , especially packaged-goods companies] .
- [ARGM-PNC As part of the restructuring] , [ARG0 WCRS and Eurocom] [rel said] [ARG1 0 they will look for ways 0 * to combine their media buying across Europe *T*-1] .
- Carat will receive its WCRS stake as part of payment for the 50 % Carat stake that WCRS is buying *T*-1 , while [ARG0 Eurocom] [rel said] [ARG1 0 it expects *-2 to pay about # 32 million *U* for its WCRS stake] .
- [ARG0 Mr. Della Femina] [rel says] [ARG1 0 he plans *-1 to remain heavily involved in the creative product at the world-wide agency , *-2 serving as a sort of `` creative conscience] . ''
- [ARG1 WCRS Group , for its part , will now be able *-2 to follow its longstanding plan of *-3 becoming `` a holding company for a series of media-related businesses] , '' [rel said] 0 *T*-1 [ARG0 Peter Scott , the firm 's chief executive] .
- [ARG0 WCRS] [rel says] [ARG1 0 its debt will be cut *-1 to # 24 million *U* from # 66 million *U* as a result of the transaction] .
- [ARG1 *-1 To help *-2 finance the Carat purchase] , [ARG0 WCRS] [rel said] 0 it plans an issue of Euroconvertible preferred shares once the market settles down .
- [ARG1 While no agencies reported injuries to employees , the quake damaged the offices of J. Walter Thompson , Chiat\/Day\/Mojo and DDB Needham , among others] , [ARG0 spokesmen for those agencies] [rel said] 0 *T*-1 .
- [ARG1 Plaster fell and windows were broken *-2 at Chiat\/Day\/Mojo] , [ARG0 a spokesman for that agency] [rel said] 0 *T*-3 .
- [ARG1 Late yesterday afternoon , DDB Needham executives were scrambling *-5 to figure out what * to do *T*-3 about a new business presentation that *T*-2 had been scheduled *-1 for today] , [ARG0 a spokesman] [rel said] 0 *T*-4 .
- `` [ARG1 All operations have stopped] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 A number of agencies , including Thompson and Foote , Cone & Belding ,] [rel said] [ARG1 0 some employees who *T*-1 live outside of San Francisco , *-2 fearful that they would n't be able *-3 to get home , spent the night at the agency] .
- [ARG0 Diamond-Star Motors Corp. , a joint venture of Chrysler Corp. and Mitsubishi Motors Corp.] [rel said] [ARG1 0 it will begin *-1 shipping Mitsubishi Eclipse cars to Japan next week , *-1 emulating other Japanese auto ventures shipping U.S.-built vehicles back to Japan] .
- [ARG0 Diamond-Star] [rel said] [ARG1 0 it will export about 1,500 Eclipse cars to Japan by year 's end] .
- [ARG0 Many in Washington] [rel say] [ARG1 0 President Bush will have *-1 to raise taxes *-2 to pay for his war on drugs] .
- [ARG0 She] [rel says] [ARG1 0 it 'd create 600 jobs and bring Cleveland tourist revenue] .
- HUD says 0 the project does n't qualify , and [ARG0 Mr. Kemp] [rel says] [ARG1 that rock 'n' roll musicians and the music industry ought *-1 to put up the money] .
- [ARG0 HUD] [rel says] [ARG1 0 the project does n't qualify] , and Mr. Kemp says that rock 'n' roll musicians and the music industry ought *-1 to put up the money .
- [ARG0 Mr. Fukuyama] , [ARGM-ADV *-2 peering through binoculars at the end of history] , [rel said] [ARGM-LOC in his essay] [ARG1 that `` the class issue has actually been successfully resolved *-1 in the West] ...
- [ARG0 A Lufthansa spokeswoman] [ARGM-LOC in Tokyo] [rel said] [ARG1 0 the head of Lufthansa 's cargo operations had been in Toyko last week for talks with JAL] .
- `` [ARG1 Nothing is defined or signed *-1 at this point] , '' [ARG0 Mr. Daly] [rel said] *T*-2 of [ARG3-of the talks] .
- [ARG1 Whatever accord the three carriers reach *T*-1] , [ARG0 he] [rel said] 0 *T*-2 , he is skeptical 0 it would create a separate airline .
- [ARG1 Other airlines would have access to the system] , [ARG0 they] [rel said] 0 *T*-1 , and negotiations with partners were already under way .
- [ARG1 Several airlines , including Lufthansa , JAL and Cathay Pacific Airways , are working on a so-called global cargo system and are trying *-2 to attract other carriers to join] , [ARG0 Mr. Daly] [rel said] 0 *T*-1 .
- [ARGM-TMP Last month] , [ARG0 the carrier] [rel said] [ARG1 0 it wanted *-1 to lease crews and planes from British Airways so it could funnel its passengers from London to other European destinations] .
- [ARG0 British Airways] [rel said] [ARG1 0 it has n't received a proposal from JAL] .
- [ARG1 After that , `` it *EXP*-1 would make sense for airlines to talk about *-3 doing things jointly , ''] [rel said] 0 *T*-2 [ARG0 Cotton Daly , director of cargo services for New York consulting firm Simat , Helliesen & Eichner Inc] .
- [ARG0 Mr. Daly] [rel said] [ARG1 0 such discussions are motivated *-1 by the competitive threat posed * by Federal Express , United Parcel Service of America Inc. and other fast-growing air-freight companies] .
- [ARGM-LOC In Tokyo] , [ARG0 a JAL spokesman] [rel said] [ARG1 0 he could n't confirm or deny the latest Japanese report] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 JAL is talking to Lufthansa and Air France about some sort of cargo venture] .
- `` [ARG1 It is just one of a number of strategies 0 JAL has embarked upon *T*-2 *-3 to come to terms with the situation in Europe after 1992 , '' the deadline for * ending trade barriers in the EC] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Federal Paper Board Co.] [rel said] [ARG1 0 it completed the previously announced purchase of Imperial Cup Corp. , a closely held maker of paper cups based * in Kenton , Ohio] .
- [ARGM-LOC In a move * to prevent any dislocation in the financial markets from the California earthquake] , [ARG0 the Securities and Exchange Commission] [rel said] [ARG1 0 it temporarily reassigned options listed * on the Pacific Stock Exchange to the American , New York and Philadelphia stock exchanges and to the Chicago Board Options Exchange] .
- [ARGM-DIS But] [ARG0 professionals] [rel said] [ARGM-TMP throughout the day] [ARG1 that the shutdown would n't be a cause for alarm even if it were *-1 to persist for several days] .
- `` [ARG1 I 've told my staff and clients that they still have the ability * to exercise their options , because they are guaranteed *-1 by the Options Clearing Corp.] , '' [rel said] *T*-2 [ARG0 Michael Schwartz , a senior registered options strategist at Oppenheimer & Co] .
- `` [ARG1 It 's a very uncertain situation right now] , '' [rel said] *T*-2 [ARG0 Navin Vyas , administrative assistant of trading floor operations of the exchange , which *T*-1 has daily volume of about 10 million shares] .
- [ARG1 Because the exchange 's computer was rerouting orders to the exchange 's trading operations in Los Angeles , `` business is as usual ''] [ARG0 Mr. Vyas] [rel said] 0 *T*-1 .
- [ARG0 Charles Daggs , chairman and chief executive officer of Sutro & Co. ,] [rel said] [ARG1 0 traders came to work at 5 a.m. PDT -- many on foot because of uncertain road and traffic conditions -- but learned that they would have *-2 to await a required inspection by the city in order *-2 to turn the power back on at the company 's two main facilities there] .
- [ARG0 The SEC] , [ARGM-ADV *-3 faced *-4 with a major squeeze on options positions] , [rel said] [ARG1 0 it *EXP*-2 was necessary * to ensure that options listed * on the exchange could be traded *-1 today and tomorrow] .
- [ARG1 That should happen by today] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 SEC Chairman Richard Breeden] [rel said] [ARG1 0 the cooperation by the exchanges would enable investors to buy and sell options listed * solely on the Pacific exchange , *-1 guaranteeing the liquidity of the market] .
- [ARGM-DIS But] [ARG0 Dale Irvine , director of the emergency center ,] [rel said] [ARG1 0 service was being restored *-1 to outlying San Francisco areas] .
- [ARG1 The firm also will permit its members and the public `` to exercise their put and call options contracts traded * on the Pacific exchange '' even if the exchange is closed] , [rel said] 0 *T*-1 [ARG0 Wayne Luthringshausen , chairman of Options Clearing] .
- [ARG1 Investors and traders in Pacific exchange options `` are protected *-1 to the extent that they can convert their put and call options into the underlying instrument] , '' [ARG0 Mr. Luthringshausen] [rel said] 0 *T*-2 .
- [ARG0 Officials at the four exchanges] [rel said] [ARG1 0 well over 50 traders from the Pacific exchange were taking flights from San Francisco *ICH*-1 late yesterday to the American , New York and Philadelphia exchanges and to the CBOE , where they would continue *-3 making markets in the Pacific-listed options *T*-2] .
- [ARG0 The Big Board] [rel said] [ARG1 0 carpenters quickly erected a new options floor 0 *T*-1 to accomodate 40 traders from the Pacific exchange] .
- [ARG0 International Business Machines Corp.] [rel said] [ARG1 0 its board approved the purchase of $ 1 billion *U* of its common shares , a move that *T*-1 should help *-2 support its battered stock] .
- `` [ARG1 We view it as a good long-term investment] , '' [ARG0 the spokesman] [rel said] *T*-1 .
- [ARG0 Steve Milunovich , a securities analyst at First Boston ,] [rel said] [ARG1 that while investors were looking for an excuse 0 * to buy IBM shares *T*-1 a year ago , even the big institutional investors are looking for a reason 0 * to avoid the stock *T*-2 these days] .
- [ARGM-LOC In Armonk , N.Y. ,] [ARG0 a spokesman] [rel said] [ARG1 that although IBM did n't view its spending as necessarily a way 0 * to support the stock *T*-1 , it thought 0 the purchases were a good way 0 * to improve such financial measurements as per-share earnings and return on equity *T*-2] .
- `` [ARG1 Property values did n't go up in California yesterday] , '' [rel says] *T*-1 [ARG0 one money manager] .
- One of its power generators was damaged *-1 , though [ARG0 the company] [rel said] [ARG1 0 there wo n't be any financial impact] .
- `` [ARG1 Wall Street thinks of everything in terms of money] , '' [rel says] *T*-1 [ARG0 Tom Gallagher , a senior Oppenheimer & Co. trader] .
- [ARGM-TMP Yesterday] , [ARG0 the brokerage firm Conning & Co.] [rel said] [ARG1 0 insurers will use the earthquake as an excuse 0 * to raise insurance rates *T*-1 , *-2 ending their long price wars] .
- [ARGM-DIS In fact] , [ARG0 Fireman 's Fund Corp. , which *T*-1 ended the day off 50 cents to $ 36.50 *U* ,] [rel said] [ARG1 0 earthquake damage would slightly hurt fourth-quarter profit] .
- [ARG0 The head of another small options clearing firm , who *T*-2 asked *-5 not to be identified *-1 ,] [rel said] [ARG1 that the heightened volatility in the financial markets in recent years makes it *EXP*-4 increasingly difficult for any but the largest financial trading firms to shoulder the risk inherent in the highly leveraged options and futures business] .
- [ARG1 Petco Options , an options trading firm owned * by the family of the deceased former Chicago Board of Trade chairman Ralph Peters , is getting out of the trade clearing *RNR*-3 , or processing and guaranteeing *RNR*-3 , business after *-1 sustaining a multimillion dollar loss Friday] , [ARG0 options industry officials] [rel said] 0 *T*-2 .
- [ARG1 Nearly 75 options traders on the Chicago Board Options Exchange who *T*-1 cleared trades through Petco , including a handful of traders who *T*-2 lost between $ 500,000 to $ 1 million *U* themselves as a result of Friday 's debacle , are trying *-3 to transfer their business to other clearing firms] , [ARG0 CBOE members] [rel said] 0 *T*-4 .
- `` [ARG1 The owners of the company got a look at the potential risks in this business , and after Monday they felt 0 they did n't want *-2 to be exposed *-1 any more] , '' [ARG0 he] [rel said] *T*-3 .
- -LRB- [ARG0 Pepperidge Farm] [rel says] [ARG1 0 it ca n't tell exactly how many customers it has lost *T*-1] , but it hopes *-2 to remove the objectionable tropical oil from all its products by year end . -RRB-
- [ARGM-ADV While brand loyalty is far from dead] , [ARG0 marketing experts] [rel say] [ARG1 0 it has eroded during the 1980s] .
- [ARG0 More than half the users of 17 of the 25 products included * in the survey] [rel said] [ARG1 0 they 're brand switchers] .
- For such products as canned vegetables and athletic shoes , devotion to a single brand was quite low , with [ARG0 fewer than 30 %] [rel saying] [ARG1 0 they usually buy the same brand] .
- [ARG0 Kathie Huff , a respondent in the Journal survey from Spokane , Wash. ,] [rel says] [ARG1 0 her husband is adamant about *-1 eating only Hunt 's ketchup] .
- [ARG1 He simply ca n't stomach the taste of Heinz] , [ARG0 she] [rel says] 0 *T*-1 .
- Underwear scored a middling 36 % in brand loyalty , but [ARG0 consumer researchers] [rel say] [ARG1 0 that 's actually quite high for such a mundane product] .
- `` [ARG1 In the past , you just wore Fruit of the Loom and did n't care] , '' [rel says] *T*-1 [ARG0 Peter Kim , U.S. director of consumer behavior research for the J. Walter Thompson ad agency] .
- [ARG1 Meanwhile , `` the bottom end of the market is becoming less loyal] , '' [rel says] 0 *T*-1 [ARG0 Laurel Cutler , vice chairman of the ad agency FCB\/Leber Katz Partners] .
- `` [ARG1 Earlier generations were brand loyal across categories] , '' [ARG0 he] [rel says] *T*-2 , `` but boomers tend *-1 to be brand loyal in categories like running shoes and bottled water , but less so in others like toilet paper and appliances . ''
- `` [ARG1 When there 's a clutter of brands *T*-5 , consumers simplify the complexity by *-6 telling themselves , ` All brands are the same so what difference does it *EXP*-2 make *T*-1 which I buy *T*-3] , ' '' [rel says] *T*-4 [ARG0 Karen Olshan , a senior vice president at BBDO] .
- [rel Says] [ARG1 *ICH*-2] [ARG0 Clayt Wilhite , president of the D'Arcy Masius ad agency 's U.S. division] , `` Every time 0 24 hours pass without any advertising reinforcement *T*-1 , brand loyalty will diminish ever so slightly -- even for a powerful brand like Budweiser . ''
- `` [ARG1 Now , Philip Morris -LCB- Kraft General Foods ' parent company -RCB- is committed to the coffee business and to increased advertising for Maxwell House] , '' [rel says] *T*-1 [ARG0 Dick Mayer , president of the General Foods USA division] .
- `` [ARG1 The probability of * converting a non-user to your brand is about three in 1,000] , '' [rel says] *T*-1 [ARG0 Tony Adams , the company 's vice president for marketing research] .
- `` [ARG1 I always thought 0 Pepperidge Farm was tasty and high quality] , '' [ARG0 Mrs. Lombardi] [rel says] *T*-1 .
- [ARG0 State Farm] [rel said] [ARG1 0 about 25 % of its policyholders in California have also purchased earthquake insurance] .
- [ARG0 Allstate Insurance Co. , a unit of Sears , Roebuck & Co. ,] [rel said] [ARG1 0 about 23 % of its personal property policyholders -- about 28 % in the San Franciso area -- also have earthquake coverage] .
- [ARG1 The Association of California Insurance Companies estimated 0 damage to residential property could total $ 500 million *U* , but only $ 100 million to $ 150 million *U* is insured *-1] , [ARG0 it] [rel said] 0 *T*-2 .
- [ARG0 Industry officials] [rel say] [ARG1 0 the Bay Bridge -- unlike some bridges -- has no earthquake coverage , either , so the cost of * repairing it probably would have *-2 to be paid *-1 out of state general operating funds] .
- [ARG1 The earthquake 's toll , including possible deep structural damage , goes far beyond the more easily observed damage from a hurricane] , [rel says] 0 *T*-1 [ARG0 George Reider , a vice president in Aetna Life & Casualty Insurance Co. 's claims division] .
- [ARGM-DIS Instead] , [ARGM-ADV even with the liabilities of two natural disasters in recent weeks] , [ARG0 analysts] [rel said] [ARG1 0 the total capital of the industry is likely *-1 to be higher *ICH*-2 at year end than it was *?* at midyear] .
- `` [ARG1 We are saying 0 this is the breaking point , this is the event that *T*-1 will change the psychology of the marketplace] , '' [rel said] *T*-3 [ARG0 William Yankus , an analyst with Conning & Co. , a Hartford firm that *T*-2 specializes in the insurance industry] .
- `` [ARG0 We] are [rel saying] [ARG1 0 this is the breaking point , this is the event that *T*-1 will change the psychology of the marketplace] , '' said *T*-3 William Yankus , an analyst with Conning & Co. , a Hartford firm that *T*-2 specializes in the insurance industry .
- `` [ARG1 I think 0 there is a damned good chance 0 someone is going *-1 to hit the skids on this] , '' [rel said] *T*-2 [ARG0 Oppenheimer & Co. analyst Myron Picoult] .
- [ARG0 Jack Byrne , chairman of Fireman 's Fund ,] [rel said] [ARG1 0 this disaster will test the catastrophe reinsurance market , *-1 causing these rates to soar] .
- [ARG0 The maker of computer workstations] [rel said] [ARG1 0 a surge of government orders contributed to the increase] .
- [ARG0 Hunter Environmental Services Inc.] [rel said] [ARG1 0 it reached a preliminary accord on the sale of its environmental consulting and services business for about $ 40 million *U* and assumption of related debt] .
- [ARG0 The company] [rel said] [ARG1 0 it also is making progress in *-1 negotiating the buy-out of its design division by management] .
- [ARGM-DIS In addition] , [ARG0 Hunter] [rel said] [ARG1 0 it will use proceeds from a private placement of $ 8 million *U* of preferred shares *-2 to purchase an interest in a start-up company 0 *T*-1 to underwrite environmental impairment insurance] .
- [ARG0 Jaguar PLC 's chairman] [rel said] [ARG1 0 he hopes *-2 to reach a friendly pact *ICH*-1 with General Motors Corp. within a month that *T*-3 may involve the British luxury-car maker 's producing a cheaper executive model] .
- [ARG0 He] [rel said] [ARG1 0 Jaguar started *-1 negotiating with GM and several other car makers over a year ago , but the rest `` dropped by the wayside ever since the share price went above # 4 *U* -LRB- $ 6.30 *U* -RRB- a share] . ''
- `` [ARG1 We have designs for such -LCB- executive -RCB- cars , but have never been able *-2 to develop them] , '' [ARG0 Sir John] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the tie-up would mean 0 Jaguar could `` develop cars down range -LCB- in price -RCB- from where we are *T*-1 '' by *-2 offering access to GM 's high-volume parts production] .
- `` [ARG1 You are talking about a couple hundred thousand a year] , '' [rel said] *T*-1 [ARG0 Bob Barber , an auto-industry analyst at U.K. brokerage James Capel & Co] .
- `` [ARG1 We have *-2 to make it attractive enough that -LCB- holders -RCB- would accept it] , '' [ARG0 Sir John] [rel said] *T*-1 .
- '' [ARG1 Ford probably would try *-1 to kill the proposal by *-3 enlisting support from U.S. takeover-stock speculators and holding out the carrot of a larger bid later] , [rel said] 0 *T*-2 [ARG0 Stephen Reitman , European auto analyst at London brokers UBS Phillips & Drew] .
- `` [ARG1 It *EXP*-3 would be difficult * to see how a car company can be owned *-4 by a collective] , '' [ARG0 Sir John] [rel said] *T*-1 .
- `` [ARG1 We 're getting to the point where we are going *-1 to have *-2 to meet '' with him *T*-3] , [ARG0 one Ford official] [rel said] 0 *T*-4 [ARGM-TMP yesterday] .
- [ARG0 The company] [ARGM-TMP previously] [rel said] [ARG1 that the recent acquisition of Mobile Communications Corp. of America would dilute 1989 earnings by about 3 %] .
- [ARG0 BellSouth Chairman and Chief Executive Officer John L. Clendenin] [rel said] [ARG1 0 three factors accounted for the drop in third-quarter earnings] .
- [ARGM-DIS But] [ARG0 traders on the exchange floor , who *T*-1 can observe the computer-guided trading activity on monitor screens ,] [rel said] [ARG1 0 most of the top program-trading firms were active both days] .
- [ARGM-ADV Besides *-1 reciting the pardon for program trading contained * in the Brady Commission report] , [ARG0 they] [rel said] [ARG1 0 stock-index arbitrage was actually needed *-2 Monday * to restore the markets ' equilibrium] .
- [ARG1 Futures trading resumed a half-hour later , but the session ended shortly thereafter , * leaving the stock market set * up for more sell programs] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 One reason] , [ARG0 they] [rel said] 0 *T*-1 , was that the official reports on the 1987 crash exonerated program trading as a cause .
- [ARG0 FREDERICK 'S OF HOLLYWOOD Inc. , Los Angeles ,] [rel said] [ARG1 0 its board voted a 50 % increase in the specialty boutique-store operator 's semiannual dividend , to five cents a common share] .
- [ARGM-TMP In July] , [ARG0 Moody 's] downgraded $ 400 million *U* of the company 's debt , *-1 [rel saying] [ARG1 0 the bank holding company had n't taken adequate write-offs against potential losses on real estate loans despite its second-quarter write-down] .
- [ARG0 Richard M. Greenwood , Valley National 's executive vice president ,] [rel said] [ARGM-TMP then] [ARG1 that the company believed 0 the write-downs were `` adequate '' and did n't plan *-1 to increase its reserves again] .
- [ARG0 Bruce Hoyt , a banking analyst with Boettcher & Co. , a Denver brokerage firm ,] [rel said] [ARG1 0 Valley National `` is n't out of the woods yet] . ''
- [ARG1 The key will be whether Arizona real estate turns around or at least stabilizes] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 They 've stepped up to the plate *-2 to take the write-downs , but when markets head down *T*-3 , a company is always exposed *-4 to further negative surprises] , '' [ARG0 Mr. Hoyt] [rel said] *T*-1 .
- [ARG0 The Phoenix-based holding company for Arizona 's largest bank] [rel said] [ARG1 0 it added $ 121 million *U* to its allowance for losses on loans and for real estate owned *] .
- `` [ARG1 The Arizona real estate market continues *-2 to be depressed *-1 , and there is still uncertainty as to when values will recover *T*-3] , '' [ARG0 James P. Simmons , chairman ,] [rel said] *T*-4 .
- [ARG1 The decision * to increase the loan-loss reserve and suspend the dividend is `` both prudent and in the best long-term interest of the shareholders] , '' [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Valley National] [rel said] [ARG1 0 it made the decision on the basis of an `` overall assessment of the marketplace '' and the condition of its loan portfolio and after *-1 reviewing it with federal regulators] .
- [ARG0 Brokers around the country] [rel say] [ARG1 0 the reaction from individual investors this week has been almost eerie] .
- `` [ARG1 The kinds of questions 0 you had *T*-1 before have resurfaced] , '' [rel says] *T*-2 [ARG0 Raymond A. `` Chip '' Mason , chairman of regional brokerage firm Legg Mason Inc. , Baltimore] .
- [ARG0 Mr. Mason] [rel says] [ARG1 0 he 's convinced 0 the public still wants *-2 to invest in common stocks , even though they believe 0 the deck is stacked *-1 against them] .
- [ARG0 Jeffrey Schaefer , the SIA 's research director ,] [rel says] [ARG1 that all of his group 's retail-volume statistics could be overstated *-1 by as much as five percentage points because corporate buy-backs are sometimes inadvertently included *-2 in Big Board data] .
- [ARG1 But `` Friday did n't help things] , '' [rel says] 0 *T*-1 [ARG0 Mr. Schaefer] .
- [ARG1 Investors will develop `` thicker skins , '' and their confidence will return] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 It *EXP*-1 's more of an important issue * to keep control of those assets , rather than push the investor to move into -LRB- specific -RRB- products such as equities] , '' [ARG0 Mr. Grano] [rel says] *T*-2 .
- [ARG1 It could be a long wait] , [rel say] 0 *T*-1 [ARG0 some industry observers] .
- `` [ARG1 Some investors will tiptoe back in] , '' [rel says] *T*-1 [ARG0 Richard Ross , a market research director for Elrick & Lavidge in Chicago] .
- `` [ARG1 Some of those folks were coming back] , '' [rel says] *T*-1 [ARG0 Leslie Quick Jr. , chairman , of discount brokers Quick & Reilly Group Inc] .
- [ARG0 Mr. Ross , who *T*-1 has been studying retail investors ' perception of risks in the brokerage industry ,] [rel said] [ARG1 0 a market plunge like Friday 's `` shatters investors ' confidence in their ability * to make any judgments on the market] . ''
- `` [ARG1 It 's going *-1 to set things back for a period , because it reinforces the concern of volatility] , '' [rel says] *T*-2 [ARG0 Jeffrey B. Lane , president of Shearson Lehman Hutton Inc] .
- `` [ARG1 Some companies were delinquent in filings and other actions , all of which *T*-1 cost money] , '' [ARG0 Mr. Holmes] [rel said] *T*-2 .
- [ARGM-ADV Separately] , [ARG0 Chairman Dan Rostenkowski -LRB- D. , Ill . -RRB- of the House Ways and Means Committee] [rel said] [ARG1 0 he did n't want the capital-gains tax cut or any other amendments attached * to the pending bill raising the federal borrowing limit] .
- [ARG0 Sen. Bob Packwood -LRB- R. , Ore. -RRB- , the lead sponsor of the GOP proposal ,] [rel said] [ARG1 0 he intends *-2 to unveil the plan today and to offer it as an amendment to whatever legislation *T*-1 comes along , particularly this month 's bill 0 *T*-3 to raise the federal borrowing limit] .
- [ARG0 Michael L. Bandler , vice president for network technology at Pacific Bell Telephone Co. ,] [rel says] [ARG1 0 nearly all the network 's computer switches , which *T*-1 move thousands of calls a minute from one location to another , changed to battery power when the city lost power *T*-2] .
- [ARG0 Onlookers] [rel say] [ARG1 0 three persons died when one of the buildings exploded into a fireball shortly after the quake struck *T*-1] .
- `` [ARG1 Now , we realize what our mothers must have gone through *T*-1] , '' [ARG0 she] [rel says] *T*-2 .
- `` [ARG1 This has been a major disruption for the Bay area economy] , '' [rel says] *T*-1 [ARG0 Pauline Sweezey , the chief economist at the California Department of Finance] .
- [ARG0 California state transportation officials interviewed * by telephone] [rel say] [ARG1 0 they nevertheless do n't expect serious problems for commerce in *RNR*-1 and out of *RNR*-1 the Bay area] .
- [ARG1 Other roads were obstructed *-1 by collapsed buildings and damaged water and power lines] , [ARG0 an emergency relief spokesman] [rel says] 0 *T*-2 .
- [ARG1 Metal racks on the plant floor fell over , and water mains ruptured] , [ARG0 a spokeswoman] [rel says] 0 *T*-1 .
- [ARG0 Computer maker Hewlett-Packard Co. , based * in Palo Alto ,] [rel says] [ARG1 0 one of its buildings sustained severe damage when it was knocked *-1 off its foundation *T*-2] .
- [ARG1 Other buildings had broken glass , dangling light fixtures and broken pipes] , [ARG0 a spokesperson] [rel says] 0 *T*-1 , [ARGM-ADV *-2 estimating the cost of reconstruction `` in the millions] . ''
- [ARGM-LOC At the Federal Reserve Bank of San Francisco] , [ARG0 Vice President Robert Fienberg] [rel says] [ARG1 0 operations were `` steaming along as usual '' yesterday afternoon] .
- ` [ARG1 When the quake hit *T*-2 , we turned on our emergency generator and brought our computers up] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 The volume 0 we received *T*-1 from the banks was a lot lower than usual] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 William E. Downing , Pacific Bell 's vice president of customer services for the Bay area ,] [rel says] [ARG1 0 most long-distance companies were blocking about 50 % of all calls] .
- [ARG0 Pacific Telesis] [rel says] [ARG1 0 its Pacific Bell unit also was blocking about 50 % of its calls locally] .
- `` [ARG1 It would in the near-term give a boost to the San Francisco economy because there will be an influx of people 0 *T*-1 to help] , '' [rel says] *T*-2 [ARG0 Beth Burnham Mace , a regional economist at DRI\/McGraw Hill , a Lexington , Mass. , forecasting firm] .
- `` [ARG1 There will be a big influx of federal dollars and gains in state , federal and local employment] , '' [ARG0 Ms. Mace] [rel says] *T*-1 .
- [ARGM-LOC In Greenwich , Conn. ,] [ARG0 Lone Star spokesman Michael London] [rel says] , [ARG1 0 `` Obviously with an earthquake of this size , there are likely *-3 to be construction projects that *T*-1 would n't otherwise have been anticipated *-2] .
- `` [ARG1 It *EXP*-1 's very difficult * to model the long-term impact of this] , '' [rel says] *T*-3 [ARG0 Andrew Goldberg , who *T*-2 studies the public-policy and crisis-management aspects of earthquakes at the Center for Strategic International Studies in Washington , D.C] .
- `` [ARG0 You] [ARGM-ADV certainly] [ARGM-MOD can] [rel say] [ARG1 0 it 's going *-1 to be extremely severe] .
- [ARG0 Mr. Goldberg] [rel says] [ARG1 0 the cost of the earthquake will definitely top $ 1 billion *U* and could reach $ 4 billion *U*] .
- [ARG1 The impact on the insurance industry `` will be big and harsh , but less than -LCB- Hurricane -RCB- Hugo] , '' [rel says] 0 *T*-2 [ARG0 Mr. Byrne , who *T*-1 toured the Bay area by car yesterday afternoon *-3 to get a sense of the company 's exposure to the earthquake] .
- [ARG0 Mr. Byrne] [rel says] [ARG1 0 Fireman 's Fund will probably pay hundreds of millions in primary claims , but , after taxes and use of its reinsurance lines , the company 's fourthquarter charge against earnings should n't top $ 50 million *U*] .
- [ARG0 The Independent Insurance Agents of America] [rel says] [ARG1 0 fewer than one of every five California homeowners has earthquake insurance] .
- `` [ARG1 We believe that every drug that *T*-1 's marketed *-3 to a consumer should have a consumer label] , '' [rel said] *T*-2 [ARG0 Douglas Teich of the Public Citizen Health Research Group , a Ralph Nader affiliate] .
- [ARG0 Dr. Teich] [rel said] [ARG1 0 Searle is `` the only company 0 I know *T*-2 that *T*-1 voluntarily '' will make consumer information available] .
- `` [ARG1 We think 0 it *EXP*-1 's very important * to provide as much information as possible on the drugs 0 consumers take *T*-2] , '' [rel said] *T*-3 [ARG0 Searle Chairman Sheldon Gilgore] .
- [ARGM-ADV In the latest sign of how difficult it *EXP*-1 is *T*-2 * to place certain junk bonds] , [ARG0 Continental Airlines] [rel said] [ARG1 0 it was forced *-3 to scale back the size of its latest offering] .
- [ARG0 A Continental spokeswoman] [rel said] [ARG1 0 the notes may be offered *-1 at a later date] .
- `` [ARG1 This was not a do-or-die deal] , '' [ARG0 she] [rel said] *T*-1 .
- `` [ARG1 We 're being bombarded *-1 by new Treasury and agency debt offerings] , '' [rel said] *T*-2 [ARG0 William Sullivan Jr. , director of money-market research at Dean Witter Reynolds Inc] .
- [ARGM-DIS And] [ARG0 Resolution Funding Corp.] [rel said] [ARGM-TMP late yesterday] [ARG1 that it will sell $ 4.5 billion *U* of 30-year bonds Wednesday] .
- [ARGM-DIS But] [ARG0 traders] [rel said] [ARG1 0 the quake had only a minor impact on the trading of California state and local municipal debt] .
- `` [ARG1 There are certain bonds 0 traders refer to *T*-1 as ` earthquake ' bonds because the -LRB- issuers -RRB- are on top of the San Andreas fault] , '' [rel said] [ARG0 Zane Mann , editor of the California Municipal Bond Advisor , a newsletter for investors] .
- [ARGM-DIS But] [ARG0 some bond market analysts] [rel said] [ARG1 0 that could quickly change if property casualty insurance companies scramble *-1 to sell portions of their municipal portfolios * to raise cash 0 * to pay damage claims *T*-2] .
- `` [ARG1 Insurance companies will foot a substantial amount of the bill * to reconstruct San Francisco] , '' [rel said] *T*-1 [ARG0 Charles Lieberman , chief economist at Manufacturers Hanover Securities Corp] .
- [ARG1 With stocks not a major focus , `` we 're waiting for the next guiding light] , '' [rel said] 0 *T*-1 [ARG0 Brian J. Fabbri , chief economist at Midland Montagu Securities Inc] .
- Meanwhile , some California issues were down a touch more than the broad market , but [ARG0 traders] [rel said] [ARG1 0 there had n't been much investor selling because of the quake] .
- [ARG0 Traders] [rel said] [ARG1 0 a steady stream of bonds was put *-1 up for sale yesterday , * pushing yields for longer maturities up 0.05 percentage point] .
- [ARG0 Traders] [rel said] [ARG1 0 investors were reacting to recent negative news on the city 's finances and are nervous ahead of the Nov. 7 election] .
- [ARG0 Dealers] [rel said] [ARG1 0 there was some concern that insurance companies might be forced *-1 to sell mortgage securities *-3 to help *-4 pay earthquake-related claims] , but no selling materialized .
- [ARG0 Traders] [rel said] [ARG1 0 today may be an anxious day for the market] .
- [ARGM-ADV Although the East German news agency ADN claimed 0 Mr. Honecker had asked *-2 to be relieved *-1 of his duties for `` health reasons] , '' [ARG0 West German government sources] [rel said] [ARG1 0 the 26-man Politburo had asked for his resignation at a separate meeting late Tuesday] .
- [ARG0 An official at Nestle Korea , a 50-50 joint venture between Nestle S.A. and the Doosan Group ,] [rel said] [ARG1 0 the new facility will manufacture all types of soluble , roasted and ground coffee , coffee mix and nondairy coffee creamer] .
- [ARG0 The agency] [rel said] [ARG1 0 Polish Prime Minister Tadeusz Mazowiecki told Iranian Deputy Foreign Minister Mahmoud Vaezi of Poland 's willingess * to purchase the gas during Mr. Vaezi 's current visit to Warsaw] .
- [ARG0 The agency] did [ARGM-NEG n't] mention possible quantities and did n't [rel say] [ARG1 how the gas would be delivered *-1 *T*-2] .
- [ARG0 Ke Zaishuo , head of China 's delegation to a Chinese-British Liaison Committee on Hong Kong ,] accused Britain of *-2 trying *-3 to impose a fait accompli and [rel said] , `` [ARG1 This is something 0 we can not accept *T*-1] . ''
- [ARG1 The Israeli and Soviet national airlines have reached preliminary agreement for *-2 launching the first direct flights between Tel Aviv and Moscow] , [ARG0 a spokesman for the Israeli airline , El Al ,] [rel said] 0 *T*-1 .
- [ARG0 ADN] [rel said] [ARG1 0 Mr. Honecker , a hard-line Stalinist who *T*-2 in 1961 supervised the construction of the Berlin Wall , also was relieved *-1 of his title as head of state and his position as chief of the military] .
- [ARG1 El Al director Rafi Har-Lev and top officials of the Soviet Union 's Aeroflot negotiated a preliminary pact in Moscow this week] , [ARG0 the spokesman] [rel said] 0 *T*-1 .
- [ARG1 The charges are the culmination of weeks of rumors concerning CDL that *T*-1 have depressed the company 's share price *NOT* and to a lesser extent the shares of all companies owned * by CDL 's controlling Quek family] , [ARG0 brokers in Singapore] [rel say] 0 *T*-3 .
- News of the arrest and charging of the two men helped *-1 to push prices on the Singapore Stock market *-2 sharply lower in early trading yesterday , but [ARG0 brokers] [rel said] [ARG1 that the market and CDL shares recovered once it *EXP*-4 became apparent 0 the charges were limited *-5 to the two men personally] .
- [ARG1 Peasants in Inner Mongolia have partly dismantled a 20-mile section of China 's famed Great Wall] , [ARG0 the official People 's Daily] [rel said] 0 *T*-1 .
- [ARG0 The paper] [rel said] [ARG1 0 the bricks were used *-1 * to build homes and furnaces and , as a result , the wall `` is in terrible shape] .
- [ARGM-DIS Indeed] , [ARG0 Mr. Krenz] [rel said] [ARGM-LOC on East German television] [ARGM-TMP last night] [ARG1 that there will be no sharing of power with pro-democracy groups] .
- [ARG0 He] [rel said] , [ARG1 0 while dialogue is important , enough forums *ICH*-1 already exist `` in which different interests '' can express themselves *T*-2] .
- [ARG1 But , with public demonstrations in the country growing in size and intensity , Mr. Honecker and several key allies lost out in this battle] , [ARG0 officials] [rel say] 0 *T*-1 .
- `` [ARG1 He does n't want *-1 to have the image of the gun man] , '' [rel says] *T*-2 [ARG0 Fred Oldenburg , an expert at the Bonn-sponsored Institute of East European and International Studies in Cologne] .
- [rel Says] [ARG1 *ICH*-2] [ARG0 one West German official] : `` What *T*-1 's necessary now is the process of democratization .
- `` [ARG1 I 'm sure 0 they 'll formulate a reform that *T*-2 will be a recipe for the GDR 's future as a separately identifiable state] , '' [rel says] *T*-4 [ARG0 Michael Simmons , a British journalist whose book on East Germany , entitled * `` The Unloved Country , '' *T*-3 was published *-1 this month] .
- [ARGM-TMP By summer] , [ARG0 an independent reform movement] was [rel saying] [ARGM-MNR out loud] [ARG1 what it had only whispered *T*-1 before] .
- [ARG1 Mr. Honecker 's removal `` was bound *-1 to happen] , '' [rel says] *T*-2 [ARG0 one aide to Chancellor Kohl] .
- [ARG0 The stations] [rel said] [ARG1 0 they were pleased *-1 with the extended coverage yesterday , including a special five-hour edition of `` Today] . ''
- [ARG0 Don Browne , director of news at NBC News ,] [rel said] [ARGM-LOC in an interview] [ARG1 that `` we could n't get a signal out of San Francisco] .
- `` [ARG1 In terms of coverage , it was a disaster equal to the earthquakes] , '' [rel said] *T*-2 [ARG0 Eric Premner , president for broadcasting of King Broadcasting Co. , which *T*-1 owns the NBC affiliate in Seattle , Wash] .
- `` [ARG1 There are no commercials 0 * to make up for *T*-1 since we 're going *-2 to eventually broadcast the World Series] , '' [rel said] *T*-3 [ARG0 a network spokesman] .
- `` [ARG1 I have *-2 to attribute the lackluster performance to a natural disaster] , '' [rel said] *T*-1 [ARG0 Mr. Premner] .
- `` [ARG1 I was not pleased *-2 with the slow start , and neither was NBC News *?*] , '' [rel said] *T*-1 [ARG0 Guy Hempel , general manager of NBC affiliate WAVE in Louisville , Ky] .
- [ARG0 A spokesman for National Broadcasting Co. , a unit of General Electric Co. ,] [rel said] [ARG1 0 the network was `` looking into what *T*-1 happened] . ''
- [ARG0 Pinnacle West Capital Corp.] [rel said] [ARG1 0 it suspended indefinitely its common stock dividend and reported a 91 % plunge in third-quarter net income] .
- [ARGM-TMP As recently as August] , [ARG0 the company] [rel said] [ARG1 0 it did n't foresee a need for substantial additions to reserves] .
- [ARG0 Pinnacle West] slashed its quarterly dividend to 40 cents per share from 70 cents in December , *-1 [rel saying] [ARGM-TMP at the time] [ARG1 that it believed 0 the new , lower dividend was `` sustainable] . ''
- [ARG0 A company spokesman] [rel said] [ARG1 0 the decision * to eliminate the dividend resulted from a quarterly appraisal and that circumstances had changed since the December announcement] .
- [ARG0 Equitec Financial Group] [rel said] [ARG1 0 it will ask as many as 100,000 investors in 12 of its public real-estate limited partnerships *-1 to give approval to *-2 rolling them up into a new master limited partnership] .
- [ARGM-LOC In a statement] , [ARG0 Equitec Chairman Richard L. Saalfeld] [rel said] [ARG1 0 the transfer will benefit both the company and investors in the 12 limited partnerships included * in the proposed rollup] .
- [ARGM-ADV While he did n't describe the partnerships ' financial condition] , [ARG0 he] [rel said] [ARG1 0 their operations `` continue *-1 to drain the resources of Equitec] . ''
- [ARG0 A spokesman for Hallwood] [rel said] [ARG1 0 the 12 limited partnerships , which *T*-2 were marketed *-1 by brokerage firms and financial planners between 1979 and 1984 , raised several hundred million dollars from investors] .
- [ARG1 With airline deals in a tailspin , legendary Wall Street trader Michael Steinhardt could have trouble *-2 parachuting out of USAir Group] , [ARG0 traders] [rel say] 0 *T*-1 .
- A week ago , USAir stock briefly soared above 52 after a report in USA Today that Mr. Steinhardt might launch a hostile bid for the carrier , though [ARG0 takeover speculators] [rel say] [ARG1 0 they were skeptical] .
- `` [ARGM-ADV If USAir is worth 80 as a takeover and the stock went to 52] , [ARG0 the market] was [rel saying] [ARG1 0 Steinhardt 's presence was n't worth anything , in terms of * getting a deal done] , '' says *T*-1 a veteran takeover speculator .
- `` [ARG1 If USAir is worth 80 as a takeover and the stock went to 52 , the market was saying 0 Steinhardt 's presence was n't worth anything , in terms of * getting a deal done] , '' [rel says] *T*-1 [ARG0 a veteran takeover speculator] .
- [ARG0 Traders] [rel say] [ARG1 0 this all goes *-1 to show that even the smartest money manager can get *-2 infected *-3 with crowd passions] .
- [ARG0 Analysts] [rel say] [ARG1 0 USAir stock might lose four or five points if the Steinhardt stake was dumped *-1 all at once] .
- [ARGM-TMP In recent days] , [ARG0 traders] [rel say] [ARG1 0 USAir has been buying its own shares , as part of a program * to retire about eight million USAir shares] , [ARGM-ADV though the carrier wo n't discuss its buy-back program] .
- [ARG1 If USAir stepped up its share purchases , that might be a way 0 for Mr. Steinhardt to get out *T*-2] , [rel says] 0 *T*-1 [ARG0 Timothy Pettee , a Merrill Lynch analyst] .
- [ARG1 However , with airline stocks cratering , he might not get a very good price for his shares] , [ARG0 traders] [rel say] 0 *T*-1 .
- [ARG1 Especially galling for Mr. Steinhardt] , [rel say] 0 *T*-1 [ARG0 people close to him] , is *T*-2 that USAir 's Mr. Colodny wo n't even take his telephone calls .
- [ARG1 USAir 's deal with Mr. Buffett `` was n't exactly a shining example of shareholder democracy] , '' [ARG0 Mr. Steinhardt] [rel says] 0 *T*-1 .
- [ARG0 Analysts] [rel say] [ARG1 0 USAir has great promise] .
- [ARG1 By the second half of 1990 , USAir stock could hit 60] , [rel says] 0 *T*-1 [ARG0 Helane Becker of Shearson Lehman Hutton] .
- [ARGM-DIS However] , [ARG0 Mr. Steinhardt] [rel says] [ARG1 0 he 's `` comfortable *-1 holding USAir as an investment] . ''
- [ARGM-ADV While he has bought and sold some USAir shares in recent days] , [ARG0 he] [rel says] [ARG1 that contrary to rumors , he has n't tried *-1 to unload his holding] .
- [ARGM-TMP In 1989] , [ARG0 Mr. Steinhardt] [rel says] [ARG1 0 he made money *-1 trading in Texas Air , AMR and UAL] .
- [ARG0 People close to the investor] [rel say] [ARG1 0 that was an experiment 0 he is unlikely *-2 to repeat *T*-1] .
- `` [ARG1 I do n't think 0 you 'll find 0 I 'm making a radical change in my traditional investment style] , '' [ARG0 Mr. Steinhardt] [rel says] *T*-1 .
- `` [ARG1 It *EXP*-1 does n't make sense * to parachute out at this price] , '' [ARG0 Mr. Steinhardt] [rel says] *T*-2 , [ARGM-ADV though he has stopped his takeover talk and now commends USAir managers ' `` operating skills] . ''
- [ARG0 Addington Resources Inc.] [rel said] [ARG1 0 it called for redemption on Nov. 21 its $ 25.8 million *U* outstanding of 8 % convertible subordinated debentures due 2013] .
- [ARG1 The debentures were issued *-1 in the face amount of $ 46 million *U* on July 11 , 1988] , [ARG0 the Ashland , Ky. , coal mining , water transportation and construction company] [rel said] 0 *T*-2 .
- [ARG0 The company] [rel said] [ARG1 0 the redemption is permitted *-1 because the price of Addington 's stock has equaled or exceeded $ 19.60 *U* for 20 consecutive trading days , a condition set * in the terms of the debentures] .
- [ARG0 Commodore International Ltd.] [rel said] [ARG1 0 it will report a loss for the first quarter ended Sept. 30 because sales of personal computers for the home market remained weak in some major countries] .
- Commodore has said 0 it expects sales to rebound , [ARGM-DIS but] [ARG0 market researchers] have [rel said] [ARG1 that sales of the low-end products may finally be trailing off] .
- [ARG0 Commodore] has [rel said] [ARG1 0 it expects sales to rebound] , but market researchers have said that sales of the low-end products may finally be trailing off .
- [ARG0 Commodore , West Chester , Pa. ,] had [rel said] [ARGM-TMP in August] [ARG1 that it was consolidating manufacturing *-1 to cut costs and expected *-1 to be profitable in the fiscal first quarter] .
- [ARG0 Commodore] [rel said] [ARG1 that its announcement is based *-1 on preliminary information and that the situation could look different by the time 0 final results are announced *-2 early next month *T*-3] .
- The early move essentially established the day 's trading range , and [ARG0 traders] [rel said] [ARG1 0 they saw little of the program activity that *T*-1 has battered the market recently] .
- [ARG1 I expected *-3 to see more volatility as some of the institutions who *T*-2 were spooked *-1 last Friday did some selling] , '' [rel said] *T*-4 [ARG0 Raymond F. DeVoe , a market strategist at Legg Mason Wood Walker , Baltimore] .
- [ARG0 Mr. DeVoe] [rel said] [ARG1 0 he expects prices to show some renewed instability over the next few sessions as institutions re-evaluate their stance toward the market in light of its decline] .
- `` [ARG1 I would suspect that a lot of investment committees are looking into whether -LRB- they -RRB- want *-1 to be in stocks at all] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 The company , based * in San Francisco ,] [rel said] [ARG1 0 it had *-1 to shut down a crude-oil pipeline in the Bay area *-1 to check for leaks] but added that its refinery in nearby Richmond , Calif. , was undamaged .
- [ARG0 British Airways , a member of the group that *T*-1 had offered $ 300 *U* a share for UAL in a leveraged buy-out ,] [rel said] [ARG1 0 it had yet *-2 to receive a revised proposal and it was `` in no way committed *-3 '' to the completion of a bid] .
- [ARG0 Colgate-Palmolive] advanced 1 5\/8 to 63 after *-1 [rel saying] [ARG1 0 it was comfortable with analysts ' projections that third-quarter net income from continuing operations would be between 95 cents and $ 1.05 *U* a share , up from 69 cents a year ago] .
- [ARG0 The New York-based tobacco , food and beer concern] [rel said] [ARG1 0 revenue increased to $ 11.25 billion *U* from $ 7.74 billion *U*] .
- [ARG0 Philip Morris] disclosed little detailed information about performance by major business lines except *-1 to [rel say] [ARG1 that most , including Philip Morris U.S.A. , Kraft General Foods and Miller Brewing Co. , posted increased revenues] .
- [ARG0 Granges Inc.] , [ARGM-ADV *-1 citing depressed gold prices] , [rel said] [ARG1 0 it plans *-2 to suspend operations for an indefinite period at its Tartan gold mine in Manitoba] .
- [ARG0 Granges] [rel said] [ARGM-LOC in Vancouver , British Columbia ,] [ARG1 that the production halt will be phased *-1 in over a 10-week period] .
- [ARG0 Granges] [rel said] [ARG1 0 it also plans *-1 in the third quarter to write down the carrying value of the Tartan mine by 2.5 million Canadian dollars -LRB- US$ 2.12 million *U* -RRB- , and to write off most of the C$ 6.3 million *U* carrying value of its Windflower gold property in British Columbia] .
- [ARG0 Granges] did [ARGM-NEG n't] [rel say] [ARG1 what impact the moves would have *T*-1 on total gold output or earnings] , and company officials were n't available .
- [ARG0 Computer Associates International Inc. , Garden City , N.Y. , and Digital Equipment Corp.] [rel said] [ARG1 0 they agreed *-1 to jointly develop software 0 *T*-2 to help *-3 manage Digital 's Vax computers] .
- [ARG0 Dayton Hudson Corp.] [rel said] [ARG1 0 it accepted for purchase seven million common shares at $ 62.875 *U* each , under the terms of a Dutch auction self-tender offer] .
- [ARG0 Dayton Hudson] [rel said] [ARG1 0 it accepted all odd-lot shares tendered * at or below the final $ 62.875 *U* price] ; the preliminary proration factor for other shares tendered * at or below the final price is 98 % .
- [ARG0 The Minneapolis-based retailer] [rel said] [ARG1 0 it expects *-1 to pay for the seven million shares next Thursday] .
- [ARG0 The bank , which *T*-2 has loss reserves equal to about half its long-term and medium-term loans to less-developed nations ,] [rel said] [ARG1 0 it does n't think 0 additional reserves are required *-1] .
- [ARG0 Enron Corp.] [rel said] [ARG1 0 a subsidiary and two United Kingdom firms are studying the feasibility of * constructing a 1,500 megawatt gas-fired power plant in northern England as an outgrowth of the government 's privatization program] .
- [ARG1 Surplus power would be sold *-1 on the open market] , [ARG0 Enron] [rel said] 0 *T*-2 .
- [ARG1 Also] participating in the study , [ARG0 Enron] [rel said] 0 *T*-1 , is *T*-2 the National Power division of Britain 's Central Electricity Generating Board .
- [ARG0 The communications and entertainment company] [rel said] [ARG1 0 revenue rose to $ 345.5 million *U* , from $ 311.6 million *U*] .
- [ARG0 Viacom] [rel said] [ARG1 0 it also restructured bank debt under a $ 1.5 billion *U* unsecured bank agreement that *T*-1 offers significant interest rate savings] .
- [ARG0 Sumner M. Redstone , Viacom 's chairman ,] [rel said] [ARG1 0 Viacom `` emerged from our leveraged buy-out structure and gained substantial operating and financial flexibility through '' the bank pact] .
- [ARG0 Trinova Corp. , Maumee , Ohio ,] [rel said] [ARG1 0 it is launching an extensive restructuring of its core business] , and took a charge that *T*-1 resulted in a loss of $ 29.7 million *U* , or 87 cents a share , for the third quarter .
- [ARG0 Trinova] [rel said] [ARG1 0 it will close , move or overhaul 40 of its 170 manufacturing facilities and over the next three years cut 1,500 jobs from its current world-wide payroll of 22,300 employees] .
- [ARGM-LOC In a separate announcement] , [ARG0 Trinova] [rel said] [ARG1 0 the Aeroquip group has agreed *-1 to sell its spring-brake , piston-brake and related businesses to Midland Brake Inc. of Branford , Conn] .
- [ARG1 *-1 To provide for the restructuring 's costs] , [ARG0 Trinova] [rel said] 0 it took an after-tax charge of $ 38.5 million *U* , or $ 1.13 *U* a share , in the third quarter *T*-2 .
- [ARG0 Florio Fiorini , managing director of Geneva-based Sasea ,] [rel said] [ARG1 0 the investors would pay only a symbolic one lira for the station , `` but we have agreed *-2 to raise the capital that *T*-1 will enable the company to continue *-3 operating] .
- [ARG1 Milan-based Odeon , which *T*-1 draws about 3 % of Italian TV viewers , has debt of 250 billion lire -LRB- $ 181.9 million *U* -RRB-] , [ARG0 Mr. Fiorini] [rel said] 0 *T*-2 .
- `` [ARG1 We think that it *EXP*-1 's going *-4 to be far more favorable *ICH*-6 * to own a station before the law is passed *-3 than * to try *-2 to buy one afterward] , '' [ARG0 Mr. Fiorini] [rel said] *T*-5 .
- [ARG1 They are telling people what roads *T*-1 are closed and * just keeping the public informed has helped *-2 to keep the panic down] , '' [rel said] *T*-3 [ARG0 James Ball , a station supervisor at Daly City Police Department] .
- [ARG0 Kim Schwartz , a spokesperson for the American Red Cross in Los Angeles ,] [rel said] [ARG1 0 television and radio stations in San Francisco played a `` very positive role '' by *-2 providing the address of 28 shelters of the Red Cross and by *-2 giving out the Red Cross number for contributions 0 *T*-1 to help earthquake victims -LRB- 1-800-453-9000 -RRB-] .
- [ARG0 Sterling Software Inc.] [rel said] [ARG1 0 it lost its bid * to supply software services to the National Aeronautics and Space Administration 's Ames Research Center at Moffett Field , Calif] .
- [ARG0 Sterling , which *T*-1 estimated the value of the contract at $ 150 million *U* ,] [rel said] [ARG1 0 NASA selected another bidder for final negotiations] .
- [ARG0 Sterling] [rel said] [ARG1 0 it had requested a briefing by NASA but had not decided whether *-1 to protest the agency 's latest decision] .
- [ARG0 Georgia Gulf Corp. , hurt * by declining sales and falling chemical prices ,] [rel said] [ARG1 0 third-quarter earnings fell 13 % to $ 46.1 million *U* from $ 53.1 million *U* in the year-earlier period] .
- [ARG0 The Atlanta-based chemical manufacturer] [rel said] [ARG1 0 lower prices hurt margins for most products] .
- `` [ARG1 We did see some relief in raw material costs , but it was n't sufficient *-2 to offset the drop in sales prices] , '' [ARG0 James R. Kuse , the company 's chairman and chief executive officer] [rel said] *T*-1 [ARGM-LOC in a statement] .
- [ARG1 Two Los Angeles radio stations initiated Red Cross donation campaigns , and one Los Angeles bank manager forked over $ 150,000 *U* of his own money for relief purposes] , [ARG0 the Red Cross] [rel said] 0 *T*-1 .
- [ARG0 A Tucson Electric spokesman] [rel said] [ARG1 0 the utility was disappointed by the commission 's decision and `` concerned about the financial integrity of the company] .
- [ARG0 South Korean President Roh Tae Woo] , [ARGM-ADV *-2 brushing aside suggestions that the won be revalued *-1 again] , [rel said] [ARG1 0 the currency 's current level against the dollar is `` appropriate] . ''
- [ARG0 Mr. Roh] [ARGM-DIS also] [rel said] [ARG1 0 South Korea is taking steps that *T*-1 would free the won *-2 to respond to market forces] .
- [ARG0 Mr. Roh] [rel said] [ARG1 0 a U.S. demand for the removal of South Korean import quotas on beef will be resolved *-1 `` satisfactorily ''] but gave no hint when that will happen *T*-2 .
- [ARGM-ADV *-1 Speaking to a joint meeting of Congress earlier] , [ARG0 he] [rel said] [ARG1 0 South Korea ca n't move quickly on such agricultural trade issues `` without *-2 causing political and social trauma] .
- [ARG0 Great American Bank] [rel said] [ARG1 0 its board approved the formation of a holding company enabling the savings bank to pursue nontraditional banking activities under a new federal law] .
- [ARG1 The proposed holding company 's primary purpose would be *-1 to allow Great American to continue *-2 engaging in real estate development activities] , [ARG0 it] [rel said] 0 *T*-3 .
- [ARG1 The consolidation is expected *-1 to save $ 1 million *U* a year in administrative costs] , [ARG0 a Great American spokesman] [rel said] 0 *T*-2 .
- [ARG0 Mr. Lang] [rel said] [ARG1 0 the former Australian owners of Sassy were `` blind-sided *-1 by the Moral Majority] ... .
- [ARG0 He] [rel said] [ARG1 0 Sassy will keep its irreverent tone] , but added , `` We will keep a close watch on the editorial content of the magazine . ''
- [ARGM-DIS What *T*-1 's more] , [ARG0 Mr. Lang] [rel says] [ARG1 0 he has what all publishers wish for *T*-2 : a bona fide niche] .
- `` [ARG1 Seventeen is written *-2 more for mothers , not their daughters] , '' [rel said] *T*-1 [ARG0 Mr. Lang] .
- [ARG0 Executives at Time Inc . Magazine Co. , a subsidiary of Time Warner ,] have [rel said] [ARG1 0 the joint venture with Mr. Lang was n't a good one] .
- Mr. Lang surprised Time soon after * joining forces when [ARG0 he] [rel said] [ARG1 0 he would negotiate rates individually with advertisers , a practice common in broadcasting but considered * taboo by magazine publishers] *T*-1 .
- Time executives complained about the shoddy editorial quality , and [ARGM-TMP in the end] , [ARG0 one Time executive who *T*-1 asked *-3 not to be identified *-2] [rel said] , `` [ARG1 Frankly , McCall 's and the joint venture were an embarrassment] . ''
- `` [ARG1 We write straight for women on their level] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Lang] [rel says] [ARG1 0 he is n't scouting new acquisitions , at least for now] .
- `` [ARG1 We would have *-2 to go outside to banks *-2 to get the money and I am not ready *-3 to do that] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 I want *-2 to publish one that *T*-1 succeeds] , '' [rel said] *T*-3 [ARG0 Mr. Lang] .
- [ARGM-ADV As for Sassy , which *T*-1 competes directly with News Corp. 's Seventeen magazine ,] [ARG0 Mr. Lang] [rel says] [ARG1 that in the next two years he will spend $ 6 million *U* *-2 promoting and improving the magazine] .
- [ARG0 Britain 's Monopolies and Mergers Commission] Wednesday cleared Rhone-Poulenc S.A. 's purchase of a specialty bulk-chemical unit from Monsanto Co. , *-1 [rel saying] [ARG1 0 the purchase was unlikely *-2 to have any lasting impact on U.K. industrial consumers] .
- [ARG0 The commission , which *T*-1 was asked *-3 *-4 to study the deal by the Department of Trade and Industry after its announcement in February ,] [rel said] [ARG1 0 the diversity of global supply of chemicals used * in * making analgesic drugs was great enough * to offset the dominant U.K. market share 0 Rhone-Poulenc would gain *T*-2 through the acquisition] .
- [ARG0 Morrison] [rel said] [ARG1 0 the engineering and construction segment performed well , with the mining and MK-Ferguson operations making important contributions] .
- [ARG0 Rep. Bates] [rel said] [ARG1 0 he accepted the finding] , but one of the victims , Dorena Bertussi , denounced the ethics panel 's action as `` absurd . ''
- *-2 Acting more than a year after Ms. Bertussi filed a complaint , the panel issued [ARG0 a `` letter] of reproval '' [rel saying] [ARG1 0 Rep. Bates had admitted conduct that *T*-1 violated a House rule forbidding discrimination against employees on account of their sex] .
- [ARG0 Rep. Bates] [rel said] [ARG1 0 he would write the letters as * ordered *-1] .
- `` [ARG1 I accept the resolution of the matter by the Ethics Committee] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mesa Airlines] [rel said] [ARG1 0 the takeover offer 0 it received *T*-1 earlier this week from StatesWest Airlines is for a combination of cash and securities valued * by StatesWest at $ 10 *U* a Mesa share] .
- [ARGM-DIS But] [ARG0 Farmington , N.M.-based Mesa] [rel said] [ARG1 0 the offer was for $ 7 *U* in cash and unspecified StatesWest securities valued * at $ 3 *U* a share] .
- [ARGM-ADV In response to the specific offer] , [ARG0 Gary Risley , Mesa vice president ,] [rel said] [ARG1 0 management will ask directors *-1 to employ a financial consultant 0 *T*-2 to advise them] .
- [ARG0 Hawker Siddeley] [rel said] [ARG1 0 its core electrical products division enjoyed strong growth , with a 20 % rise in operating profit during the period] .
- [ARG0 Benj . Franklin Federal Savings & Loan Association] [rel said] [ARG1 0 it expects *-1 to post a third-quarter net loss of about $ 8 million *U* , or $ 1.04 *U* a share , as a result of *-2 adding $ 11 million *U* in loan-loss reserves] .
- [ARG0 Franklin] [rel said] [ARG1 0 it expects *-1 to report earnings for the latest quarter next week] .
- [ARG1 The additional reserves relate to possible write-downs of certain assets held * by Franklin and its subsidiaries and the default of a bond in its investment portfolio] , [ARG0 the thrift] [rel said] 0 *T*-1 .
- [ARG0 Arkla Inc.] [rel said] [ARG1 that as part of a program 0 *T*-1 to improve profitability it will take a total of $ 189 million *U* in after-tax charges by year end] .
- [ARG0 The Shreveport , La. , natural gas company] [rel said] [ARG1 0 the charges , though *-1 partially offset *-2 by a one-time gain from the offering , will result in a full-year after-tax loss] .
- [ARG0 Arkla] [rel said] [ARG1 0 it will report $ 179 milllion *U* in one-time charges against continuing operations for the third quarter , * reflecting settlement of certain natural gas contracts] .
- [ARG0 It] [rel said] [ARG1 0 it will take a $ 10 million *U* fourth-quarter charge against discontinued operations , * reflecting certain write-downs and the planned sale of a unit] .
- [ARG0 Arkla] [rel said] [ARG1 0 its initial offering of 18 % of Arkla Exploration Co. is expected *-2 to result in a net gain of about $ 90 million *U* , which *T*-1 will be used *-3 *-4 to pay down Arkla debt] .
- [ARG1 South Africa negotiated a new debt agreement *ICH*-1 with its major foreign creditors for about $ 8 billion *U* of its foreign debt outstanding] , [rel said] 0 *T*-2 [ARG0 Chris Stals , governor of the Reserve Bank and the country 's chief debt negotiator] .
- [ARG0 New York Times Co.] [rel said] [ARG1 0 net income rose in the third quarter because of a one-time gain on the sale of the company 's cable-TV system] .
- [ARG0 The company] [rel said] [ARG1 0 the negative factors are expected *-1 to continue into next year] .
- [ARG0 TANDEM COMPUTERS INC. , Cupertino , computer maker , annual sales of $ 1.6 billion *U* , NYSE ,] [rel said] [ARG1 0 it had no significant damage and should be fully operational within a week] .
- [ARG0 TRANSAMERICA CORP. , San Francisco , financial services and insurance company , annual sales of $ 7.9 billion *U* , NYSE ,] [rel said] [ARG1 0 its headquarters , the well-known downtown pyramid-shaped building , was intact but closed yesterday] .
- [ARG0 ANACOMP INC. , Indianapolis , NYSE ,] [rel said] [ARG1 0 its Xidex Corp. unit , a Sunnyvale maker of computer disks and microfilm with annual sales of $ 637 million *U* , had only minor damage and is fully operational] .
- [ARG0 BIO-RAD LABORATORIES INC. , Hercules , biological research and clinical-products leader , $ 200 million *U* in annual sales , Amex ,] [rel said] [ARG1 0 its Richmond warehouse north of San Francisco was closed because of debris and fallen shelves] .
- [ARG0 BUSINESSLAND INC. , San Jose , computer retail company , annual sales of $ 1.1 billion *U* , NYSE ,] [rel said] [ARG1 0 all 16 corporate office and stores in the area were open with the exception of a retail center in San Francisco 's business district] .
- [ARG0 CARTER HAWLEY HALE STORES Inc. , Los Angeles , retailer , annual sales of $ 2.79 billion *U* , NYSE ,] [rel said] [ARG1 0 nine of its 22 Emporium stores in the area were closed because of water damage , broken windows and fallen displays] .
- [ARG0 A spokesman] [rel said] [ARG1 0 sales are expected *-3 to be hurt *-1 , but the losses are covered *-2 by insurance] .
- [ARG0 ADIA SERVICES INC. , Menlo Park , temporary personnel agency , annual sales of $ 504 million *U* , OTC ,] [rel said] [ARG1 0 all 30 offices in Bay area were working , but in various states of disarray] .
- [ARG0 DREYER'S GRAND ICE CREAM INC. , Oakland , ice cream maker , annual sales of $ 225 million *U* , OTC ,] [rel said] [ARG1 0 it is delivering ice cream wherever roads are passable *T*-1] .
- [ARG0 EXXON Corp. , New York , oil company , NYSE ,] [rel said] [ARG1 0 its refinery northeast of San Francisco was operating at a slightly reduced rate as a precaution in case of aftershocks] .
- [ARG0 FORD MOTOR CO. , Dearborn , Mich. , auto maker , annual sales of $ 92.4 billion *U* , NYSE ,] [rel said] [ARG1 0 its three Ford Aerospace unit facilities in the Bay area , including a satellite-assembly operation in Palo Alto , had no major damage] .
- [ARG0 GENERAL ELECTRIC CO. , Fairfield , Conn. , consumer , industrial products and broadcasting concern , annual sales of $ 50 billion *U* , NYSE ,] [rel said] [ARG1 0 its GE Nuclear Energy unit , with 1,600 Bay-area employees , had only minor damage at its San Jose headquarters] .
- [ARG0 HEWLETT-PACKARD Co. , Palo Alto , personal computer and electronic equipment maker , annual sales of $ 9.8 billion *U* , NYSE ,] [rel said] [ARG1 0 there will be a `` minimal suspension '' of manufacturing for an undefined period] .
- [ARG1 Damage will be `` easily in the millions] , '' [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 HOMESTAKE MINING CO. , San Francisco , gold and general miner , annual sales of $ 432.6 million *U* , NYSE ,] [rel said] [ARG1 0 its headquarters was closed yesterday because of power failures and lack of water , but that it may reopen today] .
- [ARG0 HOMESTEAD FINANCIAL CORP. , Millbrae , financial services concern , annual revenue of $ 562 million *U* , OTC ,] [rel said] [ARG1 0 three of its 17 Bay-area branches were closed yesterday] .
- [ARG0 INMAC CORP. , Santa Clara , maker of computer accessories , annual sales of $ 250 million *U* , OTC ,] [rel said] [ARG1 0 telephones were out at its headquarters but service should be restored *-1 by today] .
- [ARG0 The company] [rel said] [ARG1 0 it was doing a brisk business in computer power-surge protectors , cables and uninterruptable power sources] .
- [ARG0 INTERNATIONAL BUSINESS MACHINES Corp , Armonk , N.Y. , maker of business machines , NYSE ,] [rel said] [ARG1 0 flooding caused * by broken water pipes closed its San Jose plant , which *T*-1 makes high-end data-storage devices] .
- [ARG1 The plant and its 8,500 employees gradually will resume operations over the next several days] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 LOCKHEED CORP. , Calabasas , aerospace and defense concern , annual sales of $ 10.59 billion *U* , NYSE ,] [rel said] [ARG1 0 its Lockheed Missiles & Space division closed its Santa Cruz test facility because of power outages and landslides] .
- [ARG0 R.H. MACY & Co. , New York , retailer , annual sales of $ 7 billion *U* ,] [rel said] [ARG1 0 there was minor damage to its 24 Macy stores and nine I. Magnin stores in the Bay area] .
- [ARG0 NATIONAL SEMICONDUCTOR CORP. , Santa Clara , semiconductor maker , annual sales of $ 1.65 billion *U* , NYSE ,] [rel said] [ARG1 0 it had no major structural damage at its 30 Bay-area buildings , but two workers were injured *-1] .
- `` [ARG1 We 've run out of places 0 * to build freeways *T*-1 in L.A. , and the only place 0 * to go *T*-3 is up] , '' [ARG0 Mr. O'Connell] [rel said] *T*-2 , [ARGM-ADV although he acknowledges 0 there are many obstacles , including cost] .
- [ARGM-DIS But] [ARGM-ADV as for safety] , [ARG0 he] [rel says] [ARG1 0 double-deck freeways built * today with the heavily reinforced concrete and thicker columns required * after the Sylmar quake should withstand a calamitous temblor of 7.5 to 8 on the Richter scale] .
- [ARG1 While the pillars did have long metal bars running vertically through them for reinforcement , they apparently lacked an adequate number of metal `` ties '' that *T*-1 run horizontally through the column] , [rel said] 0 *T*-2 [ARG0 Leo Parker , a structural engineer in Los Angeles] .
- [ARG1 Liability in the bridge and road collapses will revolve around whether government took `` reasonable care '' * to build and maintain the structures] , [rel says] 0 *T*-2 [ARG0 John Messina , a Tacoma , Wash. , personal-injury attorney who *T*-1 specializes in highway design and maintenance cases] .
- [ARG1 The results of the quake certainly raise questions about whether reasonable care was taken *-1] , [ARG0 Mr. Messina] [rel says] 0 *T*-2 .
- `` [ARG1 The work was done properly] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 The reason is that the technology is such that we 're not able *-2 to retrofit multi-column structures] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 It *EXP*-3 could easily be two years before the well-traveled artery that *T*-2 helps connect Oakland with San Francisco is reopened *-1 , and the cost * to build a new stretch of highway could soar to more than $ 250 million *U*] , [rel said] 0 *T*-4 [ARG0 Charles J. O'Connell , deputy district director in Los Angeles of the California Department of Transportation , nicknamed * Caltrans] .
- [ARG0 Caltrans in Sacramento] [rel said] [ARG1 0 total damage from the collapsed highway is estimated *-1 at around $ 500 million *U*] .
- [ARG0 Lionel] also urged holders of its stock and debt *-1 not to tender their securities , *-2 [rel saying] [ARG1 0 it wants *-3 to remain independent *-4 to pursue its business strategy] .
- [ARG0 Lionel] [ARGM-DIS also] [rel said] [ARG1 0 the offer by Robert I. Toussie Limited Partnership is inadequate , and full of conditions that *T*-1 leave it `` subject to substantial uncertainty] . ''
- [ARG0 Robert I. Toussie , general partner of the investment group ,] [rel said] [ARG1 0 the Lionel response reflected management 's entrenched position] , [ARGM-ADV *-1 saying 0 officials had failed *-2 to come up with a better alternative to his group 's offer] .
- [ARG0 Robert I. Toussie , general partner of the investment group ,] said 0 the Lionel response reflected management 's entrenched position , *-1 [rel saying] [ARG1 0 officials had failed *-2 to come up with a better alternative to his group 's offer] .
- [ARG0 Mr. Toussie] [rel said] [ARG1 0 he would respond to Lionel 's suit after his lawyers review it] .
- [ARGM-LOC In a statement issued * after the meeting] , [ARG0 the aerospace giant] [rel said] [ARG1 0 it wo n't increase its offer although adjustments within the proposed pay-and-benefit mix are possible] .
- `` [ARG1 The company will not budge on anything] , '' [rel said] *T*-1 [ARG0 a spokesman for the union] .
- [ARG0 United Merchants & Manufacturers Inc.] [rel said] [ARG1 0 its president , Uzi Ruskin , withdrew his proposal * to acquire control of the New York textile and clothing company] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Mr. Ruskin] had [rel said] [ARG1 that holders of the other 45 % of United Merchants would receive one-half share of a new preferred stock for each of their shares] .
- [ARG0 A special committee of United Merchants directors] [rel said] [ARG1 that in view of uncertainties regarding various legal and financial considerations , it could n't recommend the plan to the full board] .
- [ARG1 The company is exploring , with a major financial institution , the development of a plan * to boost the value of the company for its holders] , [ARG0 Mr. Ruskin] [rel said] 0 *T*-1 .
- [ARGM-LOC In a separate SEC filing] , [ARG0 Albert Safer , who *T*-1 holds 6.46 % of United Merchants ,] [rel said] [ARG1 0 he retained investment bank Lazard Freres & Co. for advice as he evaluates the possibility of *-2 making a bid for the textile maker] .
- [ARGM-TMP On his FEMA visit] , [ARG0 Mr. Bush] [rel said] [ARG1 that he hoped 0 there would be `` less carping '' about the emergency office 's performance this time] , [ARGM-ADV *-1 adding that the agency `` took a hit '' for its reaction to Hurricane Hugo] .
- `` [ARG1 The attention span of the public is short] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 The difference of just 1.35 points on the scale , designed * by Charles Richter of CalTech in the 1930s , means 0 the older quake was `` 10 to 20 times stronger] , '' [rel says] *T*-1 [ARG0 Lane Johnson , director of the University of California Berkeley Seismographic Station] .
- [ARG1 * Reinforcing such old building stock] , [ARG0 Mr. Johnson] [rel said] 0 *T*-1 , `` comes down to money .
- `` [ARG1 Landfill -- loose and unconsolidated earth -- may feel like rock but it behaves like liquid when you shake it *T*-1] , '' [rel said] *T*-2 [ARG0 Douglas Segar , professor of geosciences at San Francisco State University] [ARGM-LOC in a televised interview] .
- [ARG0 Mr. Johnson , of the Berkeley seismographic station ,] [rel said] : `` [ARG1 Landfill can be done *-2 if it 's properly compacted *-1] .
- [ARG0 Coke] [rel said] [ARG1 0 it will test market a caffeine-free version of its flagship brand , Coca-Cola Classic , beginning next week in Charlotte , N.C] .
- [ARG1 Coke has been studying the possibility of *-1 introducing a caffeine-free Classic for a year] , [ARG0 a company spokesman] [rel said] 0 *T*-2 .
- [ARG0 He] [rel said] [ARG1 0 large increases in sales of other non-caffeine soft drinks make the timing right now] .
- [ARG1 If all goes well , the product will be rolled *-1 out for national sales sometime next year] , [ARG0 a Coke spokesman] [rel said] 0 *T*-2 .
- `` [ARG1 The name Classic Coke has tremendous value , and they have n't merchandised that name before] , '' [rel says] *T*-1 [ARG0 Jesse Meyers , publisher of the trade journal Beverage Digest] .
- [ARG0 The Coke spokesman] [rel said] [ARG1 0 a caffeine-free Classic should help *-1 increase volume of the original brand] .
- [ARGM-DIS Indeed] , [ARG0 analysts] have [rel said] [ARG1 that the absence of new products , among other factors , has limited sales growth throughout the industry] .
- [ARG0 South Korea 's President Roh] addressed a joint House-Senate meeting and urged patience over U.S. demands for the opening of Seoul 's markets to more American goods , *-2 [rel saying] [ARG1 0 trade issues would be `` resolved *-1 to mutual satisfaction] . ''
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 0 tragic results could follow any `` hint of weakening '' of the U.S. defense commitment to Seoul] .
- [ARG0 Shamir] [rel said] [ARGM-TMP Tuesday] [ARG1 that he was prepared *-2 to risk a policy conflict with the U.S. over an Egyptian plan * to hold direct Israeli-Palestinian talks , which the premier 's Likud bloc opposes *T*-1] .
- [ARG1 Britain 's Prime Minister Thatcher told a Commonwealth summit in Kuala Lumpur , Malaysia , that sanctions against South Africa were `` utterly irresponsible] , '' [ARG0 officials] [rel said] 0 *T*-1 .
- [ARG0 Arab officials in Saudi Arabia] [rel said] [ARG1 0 three-week-old talks by Lebanese lawmakers aimed * at * ending Lebanon 's civil war appeared *-1 about *-2 to collapse] .
- [ARG0 The baseball commissioner] [rel said] [ARG1 0 the third game of the World Series between the Giants and the Athletics would be played *-1 Tuesday in Candlestick Park] .
- [ARG0 Honecker , who *T*-2 was reported *-1 ill following gall-bladder surgery in August ,] [rel said] [ARG1 0 he was resigning for health reasons] .
- [ARG0 Dow Chemical Co.] [rel said] [ARG1 0 third-quarter net income slipped 6.8 % from a record year-ago quarter] .
- [ARG0 Dow] has [ARGM-NEG n't] [rel said] [ARG1 exactly what impact the Marion acquisition will have *T*-1 on 1989 earnings] .
- [ARG0 A spokeswoman] [rel said] [ARG1 0 Dow is comfortable with Wall Street expectations that full-year earnings will total about $ 14.60 *U* a share , compared with last year 's record net of $ 2.4 billion *U* , or $ 12.76 *U* a share] .
- [ARG1 That acquisition could further dilute earnings per share this year] , [ARG0 the company spokeswoman] [rel said] 0 *T*-1 .
- As [ARG0 Mr. Bronner himself] [rel says] [ARG1 0 *?*] , the smell of `` raw meat '' was in the air .
- [ARG0 Art dealers] [rel say] [ARG1 that while auction houses occasionally guarantee the seller of a highly desirable work of art a minimum price , a financial commitment of this size is unprecedented] .
- Explains 0 *ICH*-2 a Sotheby 's spokeswoman , the statement `` means exactly [ARG1 what] [ARG0 it] [rel says] *T*-1 .
- [ARG1 The Financial Services division has guaranteed the Dorrance family that it will receive a minimum of $ 100 million *U* for the collection , regardless of what the bids for the art works total *T*-1] , [ARG0 people close to the transaction] [rel say] 0 *T*-2 .
- [ARG1 When Christie 's officials asked why the firm was n't picked *-3 *-4 to sell the Dorrance collection *T*-5 *T*-2 , representatives of the Dorrance family `` told us 0 it was a question of financial considerations] , '' [rel said] 0 *T*-1 [ARG0 Michael Findlay , Christie 's head of impressionist and modern paintings] .
- [ARGM-DIS But] [ARGM-TMP two weeks ago] , [ARG0 Sotheby 's] [rel said] [ARG1 that it has the painting under lock and key because the loan had not been fully repaid *-1] .
- [ARG1 Sotheby 's is offering such deals because it 's an art sellers ' market , at least where the best works are concerned *-1 *T*-3] , [rel says] 0 *T*-2 [ARG0 Ralph Lerner , an attorney and author of the book `` Art Law] . ''
- [ARG1 The competition gives the seller the ability * to cut a better deal] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG1 The Dorrance family will still receive a substantial portion of the auction proceeds above $ 100 million *U*] , [ARG0 people familiar with the transaction] [rel said] 0 *T*-1 .
- `` [ARG1 The consumer has *-1 to throw out the idea that the auction house is a disinterested middleman] , '' [rel says] *T*-2 [ARG0 New York art dealer David Tunick] .
- [ARG1 For example , an auction house 's comments on the condition of a work of art that *T*-2 is up for sale should be looked at *-1 with `` very open eyes] , '' [ARG0 he] [rel says] 0 *T*-3 .
- `` [ARG1 There 's more and more of this cash-up-front going on at every level] , '' [rel says] *T*-1 [ARG0 Bruce Miller , president of Art Funding Corp. , an art lender] .
- [ARG0 A Christie 's spokeswoman] [rel said] [ARG1 that while the auction house sometimes waives its seller 's commission *-1 to attract art works -- it still gets a commission from the buyer -- Christie 's wo n't offer financial guarantees because `` Christie 's believes 0 its primary role is as an auction house , and therefore as an agent -LCB- for buyer and seller -RCB- , not as a bank] .
- [ARG1 Instead] , [ARG0 people familiar with the transaction] [rel said] 0 *T*-2 , the auction house opted *-1 to forgo that percentage in order *-1 to obtain the collection and in exchange for *-1 taking a bigger chunk of proceeds exceeding $ 100 million *U* .
- `` [ARG1 The main problem] , '' [ARG0 Mr. Reinhold] [rel said] 0 *T*-1 [ARGM-LOC in an East German radio interview monitored * by Radio Free Europe in Munich] , stems from the fact that `` the GDR is different '' from other East European states .
- [ARG0 British Airways] [rel said] [ARG1 0 it is seeking improved terms and a sharply lower price in any revised bid for United Air 's parent] .
- [ARG1 Sears is negotiating *-2 to refinance its Sears Tower for close to $ 850 million *U*] , [ARG0 sources] [rel said] 0 *T*-1 .
- [ARGM-DIS But] [ARG0 Secretary Skinner] [rel said] [ARG1 0 he would urge Bush *-1 to veto the bill] .
- `` [ARG1 We 're trading with a very wary eye on Wall Street] , '' [rel said] *T*-1 [ARG0 Trevor Woodland , chief corporate trader at Harris Trust & Savings Bank in New York] .
- [ARG0 They] [rel say] [ARG1 that the earthquake , by *-1 preventing many banks from *-2 operating at full capacity , has given the Fed an additional reason 0 * to keep liquidity at a high level *T*-3] .
- [ARG0 Analysts] [rel said] [ARG1 0 the additional liquidity should tend *-1 to reduce the federal funds rate] .
- [ARGM-TMP For now] , [ARG0 traders] [rel say] [ARG1 0 the foreign exchange market is scrutinizing both federal funds and events on Wall Street] .
- News of the major earthquake in California Tuesday triggered a round of dollar sales in early Asian trade , but [ARG0 most foreign-exchange dealers] [rel said] [ARG1 0 they expect the impact of the quake on financial markets to be short-lived] .
- [ARG1 Gasoline terminals were also largely unhurt] , [ARG0 they] [rel said] 0 *T*-1 .
- `` [ARG1 It *EXP*-2 's hard * to imagine how the markets were speculating *T*-3 , given that nobody could get through to San Francisco] , '' [rel said] *T*-1 [ARG0 one amazed oil company executive] .
- `` [ARG1 The market was basically acting on two contradictory forces] , '' [rel said] *T*-1 [ARG0 Nauman Barakat of Shearson Lehman Hutton Inc] .
- [ARG1 But once that factor was eliminated *-1 , traders took profits and focused on crude oil inventories] , [ARG0 Mr. Barakat] [rel said] 0 *T*-2 .
- `` [ARG1 The problem] is that while on the surface everything is all right , the question is , '' [rel said] *T*-1 [ARG0 Mr. Barakat] , `` was there any structural damage to the pipelines or anything else . ''
- [ARG0 The analyst] [rel said] [ARG1 0 it will take about two to three months before the mine begins *-1 to produce copper in significant quantities] .
- [ARG0 Another analyst] [rel said] [ARG1 0 the Cananea return to operation may not be as near as some expect 0 *?*] .
- `` [ARG1 There are still negotiations taking place on whether there will be a loss of jobs , which *T*-1 has been a critical issue all along] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 The first analyst] [rel said] [ARG1 that the Japanese , as well as the Chinese , bought copper earlier in the week in London , but that this purchasing has since slackened as the supply situation , at least over the long term , appears *-1 to have improved] .
- [ARG0 The first analyst] [rel said] [ARG1 that the Japanese , as well as the Chinese , bought copper earlier in the week in London , but that this purchasing has since slackened as the supply situation , at least over the long term , appears *-1 to have improved] .
- `` [ARG1 The focus for some time has been on the copper supply , and good demand has been taken *-1 for * granted *-3] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 Along with these factors , other economic reports suggest a slowing of the economy , which *T*-1 could mean reduced copper usage] , '' [ARG0 he] [rel said] *T*-2 .
- [ARGM-ADV According to one dealer] , [ARG0 Japan] [rel said] [ARG1 0 it has only 40,000 tons of sugar remaining * to be shipped *-1 to it this year by Cuba under current commitments] .
- [ARG0 The dealer] [rel said] [ARG1 0 the quantity mentioned * in the Japanese announcement is so small that it 's meaningless] .
- [ARG0 One analyst] [rel said] [ARG1 0 he thought 0 the market continued *-2 to be supported *-1 to some degree by a delay in the Cuban sugar harvest caused * by adverse weather] .
- [ARG0 The dealer] [rel said] [ARG1 0 India might be the real factor that *T*-1 is keeping futures prices firm] .
- `` [ARG1 It *EXP*-1 's known *-2 0 they need the sugar , and the expectation that they will come in is apparently giving the market its principal support] , '' [ARG0 the dealer] [rel said] *T*-3 .
- [ARG1 The Agriculture Department is expected *-1 to announce tomorrow that the number of cattle in the 13 major ranch states slipped 4 % to 8.21 million on Oct. 1 compared with the level a year earlier] , [rel said] 0 *T*-2 [ARG0 Tom Morgan , president of Sterling Research Corp. , Arlington Heights , Ill] .
- [ARGM-DIS But] [ARGM-TMP yesterday] , [ARGM-TMP as the morning wore on] , [ARG0 some major West Coast refinery operators -- including Chevron Corp. , Exxon Corp. and the Shell Oil Co. unit of Royal Dutch\/Shell Group --] [rel said] [ARG1 0 their refineries were n't damaged *-1 and were continuing *-1 to operate normally] .
- [ARG0 Most] [rel said] [ARG1 0 they shut down their petroleum pipeline operations as a precaution but did n't see any immediate damage] .
- [ARG0 Researchers] [rel say] [ARG1 0 they believe 0 FK-506 is 100 times more effective than the traditional anti-rejection drug , cyclosporine , made * by Swiss pharmaceutical giant Sandoz Ltd] .
- `` [ARG1 The side effects -LCB- of cyclosporine -RCB- have made the penalty for its success rather high] , '' [ARG0 Dr. Starzl] [rel said] *T*-1 .
- [ARG0 Dr. Fung] [rel said] [ARG1 that FK-506 would not be available in the market for at least a year , and that the FDA approval process usually takes three years to five years] .
- [ARG0 Dr. Fung] [rel said] [ARG1 that FK-506 would not be available in the market for at least a year , and that the FDA approval process usually takes three years to five years] .
- Researchers could n't estimate the cost of the drug when it reaches the market *T*-1 , but [ARG0 they] [rel said] [ARG1 0 FK-506 will enable patients to cut hospital stays by 50 % and reduce the number of blood tests used * to monitor the dosage of cyclosporine and other drugs among transplant recipients] .
- [ARG0 Dr. Starzl] [rel said] [ARG1 0 the research has been largely financed *-1 by the National Institute of Health and by university funds , and that Fujisawa did n't give the hospital any grants] .
- [ARG0 Dr. Starzl] [rel said] [ARG1 0 the research has been largely financed *-1 by the National Institute of Health and by university funds , and that Fujisawa did n't give the hospital any grants] .
- [ARG0 He] [rel said] [ARG1 that the research team had no financial stake in the drug] .
- `` [ARG1 We 've known for six months the effect of this drug , and our advice to our people has been * not to buy the company 's stock] , '' [ARG0 Dr. Starzl] [rel said] *T*-2 , [ARGM-ADV *-1 adding that * profiting from FK-506 would n't be ethical] .
- [ARGM-DIS But] [ARG0 researchers] [rel say] [ARG1 0 the drug , called * FK-506 , could revolutionize the transplantation field by * reducing harmful side effects and by * lowering rejection rates] .
- `` [ARG1 We 're shocked by it , because it 's worked so fast] , '' [rel said] *T*-1 [ARG0 Dr. Thomas E. Starzl , director of the University of Pittsburgh Transplantation Program ,] [ARGM-LOC at a news conference] [ARGM-LOC here] [ARGM-TMP yesterday] .
- `` [ARG1 We consider it a life-saving drug , like one for AIDS] , '' [rel said] *T*-1 [ARG0 Dr. John Fung , an immunologist at the University of Pittsburgh] .
- `` [ARG1 If we wanted *-2 to stage ` Death of a Salesman] , ' `` [ARG0 Mr. Sagan] [rel says] *T*-3 , `` Willie Loman would have *-1 to live in a ranch house because of the low ceiling . ''
- But Welles 's theater company turned out *-1 to have a brief -- [ARG0 one] [ARGM-MOD might] [rel say] [ARG1 a mercurial] -- existence .
- [ARG0 Traders] [rel said] [ARG1 0 property-casualty companies with the heaviest exposure in the San Francisco area include the OTC 's Safeco and Ohio Casualty] .
- [ARG0 Frank Gilmartin , a trader who *T*-1 follows insurance stocks for Fox-Pitt Kelton ,] [rel said] [ARG1 0 his strategy was *-2 to sell early] .
- [ARGM-DIS But] [ARG0 Mr. Gilmartin] [rel said] [ARG1 0 the hurricane damage was n't extensive enough * to prompt premium boosts] .
- `` [ARG1 The companies just gave back what they had reserved for *T*-2] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Richard Bruno , head of OTC trading at PaineWebber ,] [rel said] [ARG1 0 the OTC market has a habit of *-1 lagging big moves on the New York Stock Exchange] .
- [ARGM-LOC In New York] , [ARG0 Roger Killion , a Hambrecht executive vice president ,] [rel said] [ARG1 0 he expects OTC trading at the company to resume this morning , either in New York or in San Francisco] .
- [ARG1 Analysts in London believe 0 investors , despite their stampede * to dump takeover stocks , should hold on tight to their Jaguar shares] , [ARG0 this newspaper 's Heard * on the Street column] [rel said] 0 *T*-1 yesterday .
- `` [ARG1 Our market got hit a lot harder *ICH*-1 on Monday than the listed market] , '' [ARG0 Mr. Bruno] [rel said] *T*-2 .
- [ARG0 Ciba-Geigy Ltd. and Chiron Corp.] [rel said] [ARG1 0 they extended their offer for Connaught BioSciences Inc. , valued * at 866 million Canadian dollars -LRB- US$ 736 million *U* -RRB- to Oct. 27] .
- [ARG0 The companies] [ARGM-TMP earlier] [rel said] [ARG1 0 they did n't want *-1 to raise their offer *-2 to match a rival bid by Institut Merieux S.A. of C$ 37 *U* a share , or C$ 942 million *U*] .
- [ARGM-DIS But] [ARG0 they] [rel said] [ARG1 0 the C$ 30-a-share *U* bid , which *T*-1 was due *-2 to expire Monday , may still be extended or varied *-3] .
- [ARG0 Federal prosecutors] [rel said] [ARG1 0 they have obtained a guilty plea from another person in the government 's ongoing probe of illegal payments in the record industry] .
- [ARG1 In return , Mr. Craig agreed *-1 to cooperate in the government 's continuing payola probe] , [rel says] 0 *T*-2 [ARG0 a spokeswoman for the U.S. attorney 's office] .
- [ARG0 The TVA] [rel said] [ARG1 0 the refinancing should save $ 75 million *U* a year in interest payments] .
- [ARG1 The $ 4 billion *U* bond issue also will help the TVA meet its goal of *-1 not raising rates for another year] , [rel said] 0 *T*-2 [ARG0 William F. Malec , the agency 's chief financial officer] .
- [ARG0 Mr. Taft , who *T*-1 is also president of Taft Broadcasting Co. ,] [rel said] [ARG1 0 he bought the shares because he keeps a utility account at the brokerage firm of Salomon Brothers Inc. , which *T*-2 had recommended the stock as a good buy] .
- `` [ARG1 Cincinnati Gas & Electric is in good shape] , '' [ARG0 Mr. Taft] [rel said] 0 *T*-1 , and utilities are `` a good investment because interest rates are going down . ''
- [ARG0 A company spokesman] [rel said] [ARG1 0 he could n't explain their sudden bullishness] .
- `` [ARG1 I do n't know of any news or anything unusual happening here] , '' [rel said] *T*-1 [ARG0 Bruce Stoecklin , director of media services] .
- [ARG1 Because he 's very bullish on the emerging growth stocks that *T*-1 make up the fund 's portfolio] , [ARG0 Mr. Templeton] [rel said] [ARGM-LOC from his Bahamas hideaway] .
- `` [ARG1 Emerging growth stocks have n't been popular in America for years , they 've been neglected *-1] , '' [ARG0 he] [rel said] 0 *T*-2 , and their prices often trail the market as a whole .
- [ARG0 T. Rowe Price Associates Inc.] [rel said] [ARG1 0 directors recommended 0 stockholders approve a 2-for-1 stock split and an increase in authorized shares to 25 million from 10 million] .
- [ARG0 Catherine Adams , the Beebes ' lawyer ,] [rel said] [ARG1 0 the verdict would not discourage other plaintiffs from *-1 filing such suits] .
- [ARG1 Scientists are only beginning *-2 to understand what *T*-1 causes sick-building syndrome and much of that research was unavailable when the Beebes filed the case *T*-3] , [ARG0 she] [rel said] 0 *T*-4 .
- [ARG1 But the Beebes did n't come to that conclusion until time limits *ICH*-2 had elapsed for * adding the adhesives maker as a defendant in the case] , [ARG0 Ms. Adams] [rel said] 0 *T*-1 .
- [ARG0 State officials] [rel said] [ARG1 0 the court 's ruling clears the way for proceedings 0 *T*-1 to condemn buildings in the area] .
- `` [ARG1 This project is ready *-2 to move] , '' [rel said] *T*-1 [ARG0 State Urban Development Corp. Chairman Vincent Tese] .
- [ARGM-ADV As part of the agreement with the state] , [ARG0 the developers -- a partnership of Park Tower Realty and Prudential Insurance Co. of America --] [rel said] [ARG1 0 they would not proceed with condemnation proceedings while there was `` significant litigation '' pending] .
- [ARG0 Park Tower General Counsel Matthew Mayer] [rel said] [ARG1 0 the development team will have *-1 to review two additional lawsuits before *-2 putting up a $ 155 million *U* letter of credit 0 *T*-3 to cover condemnation costs] .
- [ARG1 Also] , [ARG0 he] [rel said] 0 *T*-2 , the partnership is waiting *-3 to see whether the appellate division 's ruling will be appealed *-1 .
- [ARG1 *-1 To do so] , [ARG0 the judge] [rel said] 0 *T*-2 , the U.S. courts must review the judicial process in the foreign country independently of the State Department 's assessment .
- [ARG0 He] [rel said] [ARG1 that in this case he concurred with the State Department 's decision that Mr. Ahmad should be extradited *-1] .
- [ARG0 Mr. Ahmad 's lawyer] [rel said] [ARG1 0 he would appeal] .
- [ARG0 Lawyers close to the case] [rel said] [ARG1 0 they believed 0 the ruling was unprecedented] .
- `` [ARG1 Up until now the courts have said 0 it *EXP*-2 is not their role * to supervise the foreign country 's courts] , '' [rel said] *T*-1 [ARG0 Jacques Semmelman , the assistant U.S. attorney on the case] .
- `` [ARGM-TMP Up until now] [ARG0 the courts] have [rel said] [ARG1 0 it *EXP*-2 is not their role * to supervise the foreign country 's courts] , '' said *T*-1 Jacques Semmelman , the assistant U.S. attorney on the case .
- [ARGM-DIS In addition] , [ARG0 they] [rel said] [ARG1 that months of exposure to the chemicals has left them sensitive to a wide range of commonly used substances] .
- [ARG0 Plaintiffs ' lawyers] [rel say] [ARG1 that buildings become `` sick '' when inadequate fresh air and poor ventilation systems lead pollutants to build up inside *T*-1] .
- [ARG0 Anthony J. Iaciofano , a lawyer for Burlington ,] [rel said] [ARG1 0 the company believes 0 the Beebes ' symptoms were not related to the carpeting] .
- [ARG0 He] [rel said] [ARG1 that ill effects from new carpets manifest themselves immediately but that the Beebes ' symptoms appeared months later] .
- [ARG0 He] [rel said] [ARG1 that ill effects from new carpets manifest themselves immediately but that the Beebes ' symptoms appeared months later] .
- `` [ARG1 All of us are on a base salary of $ 200,000 *U* if the firm makes nothing -- and that 's pretty low as far as Wall Street goes *?*] , '' [ARG0 Mr. Montgoris] [rel said] *T*-1 .
- [ARG0 Mr. Montgoris] [rel said] [ARG1 0 the firm has a `` straight mathematical formula '' for * determining compensation , based on the firm 's earnings] .
- `` [ARG1 Just because a particular element of the firm *ICH*-1 is down , '' such as stockbrokerage , `` does n't mean 0 the executive committee should be paid *-3 less] , '' [ARG0 he] [rel said] *T*-2 .
- Meanwhile , Bear Stearns 's 650 stock and bond salesmen saw thinner paychecks over the past year , which [ARG0 the company] [rel says] [ARG1 0 *T*-1 reflected lower commission revenue caused * by a decline in investor activity in the markets] .
- [ARG0 Morgan Grenfell Group PLC] [rel said] [ARG1 0 John Craven , group chief executive officer , is taking over the chairmanship of the merchant banking group from Sir Peter Carey , who *T*-1 is retiring] .
- News of Mr. Eward 's retirement comes one day after [ARG0 Morgan] [rel said] [ARG1 that Christopher Whittington resigned as chairman of Morgan 's banking subsidiary *-1 to join a financial services firm] .
- [ARG0 Mr. Craven] [rel said] [ARG1 0 both Messrs. Eward and Whittington had planned *-1 to leave the bank earlier , but Mr. Craven had persuaded them *-2 to remain until the bank was in a healthy position] .
- [ARG0 Mr. Craven] [rel said] [ARG1 0 his move to the chairmanship means 0 he will take a less active role in the day-to-day management of the group] , but he added that the merchant bank 's strategic focus remains unchanged .
- [ARG0 Morgan Grenfell] [rel said] [ARG1 0 Michael Dobson , currently group deputy chief executive , will assume the chief executive position] .
- [ARG1 The bonds have received a rating of double-A-1 from Moody 's , and a double-A-plus rating is expected *-2 from S&P] , [ARG0 the underwriter] [rel said] 0 *T*-1 .
- [ARG0 Par Pharmaceutical Inc.] [rel said] [ARG1 0 it named its interim president and chief executive officer , Kenneth I. Sawyer , to those posts permanently , and elected him to the board] .
- [ARG0 Par] [ARGM-DIS also] [rel said] [ARG1 0 it was advised *-1 by the U.S. attorney for Maryland that it is one of a number of companies being investigated * by a federal grand jury for alleged violations of the federal Food , Drug and Cosmetic Act] .
- [ARG0 Par] [rel said] [ARG1 0 it selected him for the posts of president and chief executive on a permanent basis because of his experience in the industry and his performance at Par] .
- [ARG0 Perry Levine , chairman ,] [rel said] [ARG1 0 Mr. Sawyer had `` taken significant steps '' 0 *T*-1 to restore the company 's credibility and sense of professionalism and integrity] .
- A Par spokesman said 0 he understood 0 the criminal investigation in Maryland relates to matters 0 Par disclosed *T*-1 in July , when [ARG0 Par] [rel said] [ARG1 0 it filed false drug information with the FDA] *T*-2 .
- [ARG0 A Par spokesman] [rel said] [ARG1 0 he understood 0 the criminal investigation in Maryland relates to matters 0 Par disclosed *T*-1 in July , when Par said 0 it filed false drug information with the FDA *T*-2] .
- [ARGM-TMP At the time] , [ARG0 the company] [rel said] [ARG1 0 it was recalling one of its drugs and had stopped *-1 selling two others] .
- [ARG0 The spokesman] [rel said] [ARG1 0 he also understood that the inquiry related to the existence of an `` off-the-record '' production book] .
- [ARG0 Par] [rel said] [ARG1 0 it is cooperating in the investigation] .
- `` [ARG0 Lawmakers] have been [rel saying] [ARGM-TMP for weeks] [ARG1 that they plan *-2 to roll back the cuts as soon as they agree to a compromise on a deficit-cutting bill] . ''
- [ARG1 What] do [ARG0 you] [rel say] we all close down the poker game , go home and bank the $ 16 billion *U* ?
- George Bush 's continued support of the tax dam sustains this strategy of * pressuring [ARG0 Congress] to make choices among competing priorities , rather than *-2 [ARGM-ADV just] [rel saying] [ARG1 yes] to [ARG2-to all the grateful special-interest constituencies that *T*-1 fill the PAC trough] .
- All this stuff still is in the House 's 1,878-page reconciliation bill , and [ARG0 many Members] [rel say] [ARG1 0 they 're reluctant *-1 to pull out cherished bills , * just to see them die] .
- [ARG0 The New York Stock Exchange] [rel said] [ARG1 0 a seat sold for $ 436,000 *U* , down $ 39,000 *U* from the previous sale Oct. 4] .
- [ARG0 Northern Trust Corp.] said 0 its board adopted a shareholder rights plan aimed * at * deterring unwanted takeover bids , but [rel said] [ARG1 0 it 's not aware of any plan * to acquire the banking concern] .
- [ARG0 Northern Trust Corp.] [rel said] [ARG1 0 its board adopted a shareholder rights plan aimed * at * deterring unwanted takeover bids] , but said 0 it 's not aware of any plan * to acquire the banking concern .
- [ARG0 National Patent Development Corp.] [rel said] [ARG1 0 it plans *-1 to purchase as many as 200,000 common shares of its 81%-controlled Interferon Sciences Inc. unit in periodic , open-market purchases] .
- [ARGM-ADV *-1 Noting the recent Food and Drug Administration approval of Interferon 's genital warts treatment] , [ARG0 National Patent] [rel said] [ARG1 0 it believes 0 Interferon 's stock is undervalued] .
- `` [ARG1 We 're back to square one] , '' [rel said] *T*-1 [ARG0 Simon Smithson , an analyst in Japan for Kleinwort Benson International Inc] .
- [ARG1 Japanese domestic institutions , including trust banks and investment management firms , that *T*-1 had been on the sidelines during Monday 's fall were back in the market] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARGM-DIS But] [ARG0 analysts] [rel said] [ARG1 0 the rebound did n't remove the cautious mood from the market] .
- `` [ARG1 This time we do n't really have *-1 to worry about Tokyo] , '' [rel said] *T*-2 [ARG0 an official at Daiwa Securities Co] .
- [ARGM-DIS But] [ARGM-ADV even though Tokyo appears unharmed by recent market volatility] , [ARG0 analysts and traders] [rel say] [ARG1 0 there are still a few concerns on the horizon] .
- [ARG1 There 's no huge buying] , '' [rel said] *T*-1 [ARG0 Stephen Hill , head of equity sales at Jardine Fleming Securities Ltd. in Tokyo] .
- [ARG1 Yesterday 's buyers favored real estate , construction and other large-capitalization issues , * reflecting the fact that many Tokyo investors now feel safer with domestically oriented stocks] , [ARG0 analysts] [rel said] 0 *T*-1 .
- [ARG0 Michael Hicks , who *T*-1 manages sales and trading for brokerage concern Societe Generale Strauss Turnbull ,] [rel said] : `` [ARG1 It 's a nervous market] .
- [ARG0 He] [rel said] [ARG1 0 the current market `` is all about sentiment , and the sentiment in London is 90 % anxiety and worry] . ''
- [ARG1 Britain 's economic fundamentals] , [ARG0 he] [rel said] 0 *T*-1 , `` do n't look very bright . ''
- [ARG0 Dealers] [rel said] [ARG1 0 London showed signs of *-1 calming in midafternoon after Wall Street avoided sharp losses despite the trade report , but a wave of futures-related selling later in the session sent buyers back to the sidelines] .
- [ARG0 Dealers] [rel said] [ARG1 0 there was late talk of a Whitbread sale of brewing operations to Scottish & Newcastle] .
- [ARG0 Zurn Industries Inc.] [rel said] [ARG1 0 it received approval * to proceed on four separate projects with a total contract value of $ 59 million *U*] .
- [ARG0 AVX Corp. and Unitrode Corp.] [rel said] [ARG1 0 they completed the previously reported sale of Unitrode 's San Diego-based Passive Components division to AVX] .
- [ARG0 Consolidated Papers Inc.] [rel said] [ARG1 0 it plans *-1 to spend $ 495 million *U* on new paper-manufacturing equipment and facilities] .
- [ARG0 The producer of paper used * in magazines and by commercial printers] [rel said] [ARG1 0 spending on the expansion is planned *-1 to begin in the first quarter of 1990] .
- [ARG1 It 's like `` fire insurance] , '' [rel says] 0 *T*-1 [ARG0 Harrison Roth , the senior options strategist at Cowen & Co] .
- `` [ARG1 This is the type of fire insurance 0 you only buy *T*-1 when the nearby woods are on fire *T*-3] , '' [rel says] *T*-2 [ARG0 Mr. Roth] .
- `` [ARG1 Many members feel 0 there are important features of the House bill that *T*-2 should be enacted *-1] , '' [ARG0 Speaker Thomas Foley -LRB- D. , Wash . -RRB-] [rel said] *T*-3 .
- `` [ARG1 You 've got *-2 to give these chairmen the opportunity * to see if they can work things out] , '' [rel said] *T*-1 [ARG0 House Budget Committee Chairman Leon Panetta -LRB- D. , Calif . -RRB-] .
- [ARG0 White House Budget Director Richard Darman] has [rel said] [ARG1 0 he would continue *-1 to press *-2 to keep the capital-gains provision in the final version of the bill unless the House drops many of its costly provisions] .
- Senate leaders had hoped *-1 to be able *-2 to send a compromise version of the measure to President Bush by the end of the week , but [ARG0 Speaker Foley] [rel said] [ARG1 0 that was n't likely] .
- [ARG0 McCormick Capital Inc.] [rel said] [ARG1 0 its tender offer * to buy back as many as 1.1 million , or 44 % , of its common shares at $ 3 *U* apiece , which *T*-2 expired Friday evening , was oversubscribed *-1] .
- [ARG0 The developer and manager of futures-investment limited partnerships] [rel said] [ARG1 0 preliminary results indicate that about 1,749,000 shares had been tendered *-1 , * giving a preliminary proration factor of 0.6287] .
- [ARG0 Northgate Exploration Ltd.] [rel said] [ARG1 0 it is proposing *-1 to amalgamate four of its associated companies] .
- [ARG0 Northgate] [rel said] [ARG1 0 it will own about 50 % of the equity *RNR*-1 and 81 % of the votes *RNR*-1 of ABM after the amalgamation] .
- [ARG0 Cincinnati Microwave Inc.] [rel said] [ARG1 0 it introduced two radar detectors] .
- [ARG1 One unit , called * the Escort , uses a new digital signal-processing technology *-1 to detect radar signals much sooner than * was previously possible] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG1 The other , called * the Solo , is battery operated and is the first high-performance radar detector that *T*-1 does n't need a power cord] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARGM-DIS And] [ARG0 White House spokesman Marlin Fitzwater] [rel said] [ARG1 0 the deficit was `` an unwelcome increase] , '' [ARGM-ADV *-1 adding that `` we 're hopeful that it simply is a one-month situation and will turn around] . ''
- `` [ARG1 The figures today add further evidence 0 *T*-1 to support the view that the improvement in the U.S. trade deficit has essentially stalled out at a level of about a $ 110 billion *U* annual rate] , '' [rel said] *T*-2 [ARG0 Jeffrey Scott , a research fellow at the Institute for International Economics here] .
- `` [ARG1 People are sick and tired of *-2 hearing about these deficits , but the imbalances are still there and they are still a problem] , '' [rel said] *T*-1 [ARG0 Mr. Robertson] .
- `` [ARG1 The best result 0 we could get *T*-1 from these numbers would be * to see the administration and Congress get serious about * putting the U.S. on an internationally competitive economic footing] , '' [rel said] *T*-2 [ARG0 Howard Lewis , vice president of international economic affairs at the National Association of Manufacturers] .
- `` [ARG1 This is one of the worst trade releases 0 we 've had *T*-2 since the dollar troughed out in 1987] , '' [rel said] *T*-1 [ARG0 Geoffrey Dennis , chief international economist at James Capel Inc] .
- Like most analysts , Mr. Dennis was hesitant *-1 to read too much into one month 's numbers ; but [ARG0 he] [rel said] , `` [ARG1 It indicates perhaps that the balance in the U.S. economy is not as good as we 've been led *-2 to believe] . ''
- `` [ARG1 This bad trade number raises some deeper issues about the market decline] , '' [rel said] *T*-1 [ARG0 Norman Robertson , chief economist for Mellon Bank] .
- [ARG0 Mr. Jobs] [rel said] [ARG1 0 the changes were prompted *-1 by requests from customers who *T*-3 are frustrated *-2 with the performance of the optical device , which *T*-4 is n't offered *-5 as standard equipment by any rivals] .
- [ARG1 Another factor was that customers were asking , `` Why do n't you give us a cheaper system *T*-1 ? ''] [ARG0 Mr. Jobs] [rel said] 0 *T*-2 [ARGM-LOC at a conference on university computing here] .
- [ARG1 Next 's decision * to rely on the more-established hard drive in every Next computer does n't signal a retreat from optical storage] , [rel said] 0 *T*-2 [ARG0 Mr. Jobs , who *T*-1 for years has said 0 this technology will play a crucial role in the next decade] .
- Next 's decision * to rely on the more-established hard drive in every Next computer does n't signal a retreat from optical storage , said 0 *T*-2 [ARG0 Mr. Jobs] , who *T*-1 [ARGM-TMP for years] has [rel said] [ARG1 0 this technology will play a crucial role in the next decade] .
- `` [ARG1 We 're extremely committed *-2 to optical storage technology] '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 that the next generation of optical drives will be as fast as hard drives] , but he depends on outside suppliers for the devices .
- `` [ARG1 From the standpoint of * being on the forefront of technology , this is a step backward] , '' [rel said] *T*-1 [ARG0 Jerry W. Sprecher , a senior computing manager for the California state university system] .
- [ARG0 Universities] , [ARGM-DIS however] , [rel say] [ARG1 0 Next 's prices must go even lower before large numbers of students purchase the machine] .
- `` [ARG1 We 'd still like *-2 to see a student model , '' priced * at about $ 3,500 *U*] , [rel said] 0 *T*-3 [ARG0 Ronald Johnson , director of academic computing at Minnesota 's Gustavus Adolphus College , which *T*-1 has bought eight Next machines] .
- Next 's computer also needs more software applications , but [ARG0 Mr. Jobs] [rel said] [ARG1 0 he expects more soon] .
- [ARG0 He] [rel said] [ARG1 0 he expects Lotus Development Corp. to introduce a Next version of its popular 1-2-3 spreadsheet program in 1990] .
- [ARGM-DIS However] , [ARG0 most universities that *T*-1 have bought the machines] [rel say] [ARG1 0 they are buying small numbers for evaluation purposes] .
- [ARG1 And while the company has n't made a definite statement , it now looks like that 's not going *-2 to be anytime soon] , '' [ARG0 Mr. Maxwell] [rel said] *T*-1 .
- [ARG0 The company] [rel said] [ARGM-LOC in a statement] [ARG1 that it expects *-1 to ship new products `` during the next two quarters] . ''
- [ARG0 The software company] [rel said] [ARG1 0 revenue slid 28 % to $ 53.9 million *U*] .
- `` [ARG1 It now looks like database IV Version 1.1 is n't going *-1 to be -LCB- widely -RCB- available until the first quarter of 1990] , '' [rel said] *T*-2 [ARG0 David Bayer , an analyst with Montgomery Securities in San Francisco] .
- [ARG0 Mr. Maxwell] [rel said] [ARG1 0 unless the company can start shipments of the new product sometime this quarter , the fourth-quarter loss is likely *-1 to be `` comparable to the third quarter 's] . ''
- [ARG1 If the company can start *-2 to ship during this quarter , it could stem some , if not all of the red ink] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the company was `` encouraged *-1 by feedback '' 0 it received *T*-2 from selected customers now testing Version 1.1] .
- The red ink came as no surprise to Wall Street , [ARGM-DIS but] [ARG0 analysts] [rel said] [ARG1 0 they saw ominous hints of a further delay in volume shipments of Version 1.1 , a harbinger of continued losses in the fourth quarter] .
- `` [ARG1 The loss is in line with our expectations] , '' [rel said] *T*-1 [ARG0 John C. Maxwell III , an analyst with Dillon , Read & Co. in New York] .
- [ARG0 The chemicals and insurance company] [rel said] [ARG1 0 net in the latest quarter was $ 54.8 million *U* , or 45 cents a share] .
- [ARG0 Ethyl] [rel said] [ARG1 0 pretax profit from its insurance segment , excluding investment gains , rose 28 % in the latest quarter to $ 28.6 million *U* from $ 22.4 million *U*] .
- [ARG0 Tribune Co.] , *-1 helped *-2 by a hefty boost in performance at its broadcasting and entertainment operations , [rel said] [ARG1 0 net income jumped 21 % in its third quarter ended Sept. 24 on a 3 % increase in revenue] .
- [ARG0 The broadcasting and newspaper concern , based * in Chicago ,] [rel said] [ARG1 0 net was $ 62.7 million *U* , or 77 cents a primary share , up from $ 51.6 million *U* , or 69 cents a share] .
- [ARG0 Enserch Corp.] [rel said] [ARG1 0 about 12 million , or 93 % , of the publicly traded units of its limited partnership , Enserch Exploration Partners Ltd. , were tendered *-1 in response to an offer that *T*-2 expired Monday] .
- [ARG0 Enserch] [rel said] [ARG1 0 the tendered units will raise its ownership of the partnership to more than 99 % from 87 %] .
- [ARG1 About 900,000 units will continue *-2 to be publicly traded *-1 on the New York Stock Exchange] , [ARG0 Enserch] [rel said] 0 *T*-3 .
- [ARG1 The public sector borrowing requirement , the most widely used measure of Britain 's government deficit or surplus , showed a deficit of # 200 million *U* in September , compared with a deficit of # 765 million *U* in August and a deficit of # 1.08 billion *U* in September 1988] , [ARG0 the Treasury] [rel said] 0 *T*-1 .
- [ARG1 * Excluding those receipts , the government deficit would have totaled about # 2.5 billion *U* in the first six months , compared with # 1.3 billion *U* a year earlier] , [ARG0 the Treasury] [rel said] 0 *T*-1 .
- [ARG0 The association] [rel said] [ARG1 0 the September total brought French output for the first nine months this year to 14,789,000 tons , up 4.5 % from a year earlier] .
- [ARG0 Recognition] [ARGM-DIS also] [rel said] [ARG1 0 it obtained a commitment *ICH*-2 from Chemical Bank and Bank of Boston * to convert an estimated $ 18 million *U* in bank debt to a new , 24-month secured term loan 0 *T*-3 to be repaid *-1 through the sale of certain assets] .
- [ARGM-TMP In August] , [ARG0 Recognition] [rel said] [ARG1 0 it was in violation of certain terms of its debt agreements with bank lenders because of a $ 3.9 million *U* loss for the third quarter ended July 31] .
- [ARG0 Recognition Equipment] [rel said] [ARG1 0 it expected *-1 to put the agreement with Prospect to a vote of its stockholders at a special meeting in January] .
- [ARG0 General Motors Corp. 's Chevrolet division] , [ARGM-ADV *-1 reacting to slow sales] , [rel said] [ARG1 0 it will offer $ 800 *U* rebates on its 1990 Beretta , the two-door version of its core compact-car line] .
- [ARG0 StatesWest Airlines] [rel said] [ARG1 0 it submitted an offer *ICH*-1 to the directors of Mesa Airlines * to acquire the Farmington , N.M. , carrier] .
- [ARG0 A Mesa official] confirmed receipt of the offer and [rel said] [ARG1 0 directors would meet *-1 to consider it] .
- [ARGM-LOC In an interview] , [ARG0 he] [rel said] [ARG1 0 Fannie Mae faces a number of challenges with the restructuring of the thrift industry and the push * to broaden its activities overseas] .
- `` [ARG1 There 's no shortage of major things 0 * to do *T*-1] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 Fannie Mae] [ARGM-DIS also] [rel said] [ARG1 0 James A. Aliber , chairman of First Federal of Michigan and a director since 1985 , moved up the date of his retirement from the board *-1 to accommodate Mr. Johnson 's election as a director] .
- `` [ARG1 ` * Get off your ... , ' he would bellow *T*-2] , '' [rel say] *T*-1 [ARG0 the authors] .
- `` [ARG1 I felt betrayed] , '' [ARG0 he] [ARGM-TMP later] [rel said] *T*-1 .
- Often the genteel , conservative , long-term-oriented investment bankers were displaced *-1 by crude traders : `` [ARG1 When * angered *-2 *T*-3 , he cursed so forcefully that his face reddened and his pale-blue eyes narrowed into tiny slits] , '' [ARG0 the authors] [rel say] *T*-4 of [ARG3-of Lehman 's Lewis Glucksman] .
- [ARG0 Dallas investor Harold C. Simmons] [rel said] [ARG1 0 he raised his stake in Lockheed Corp. to 10.62 % from 10.43 % of the aerospace and electronics concern 's common shares] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Mr. Simmons] [rel said] [ARG1 0 he and companies 0 he controls *T*-1 , NL Industries Inc. and NL Chemicals Inc. , hold 6,744,600 shares of Lockheed , of Calabasas , Calif] .
- Earlier this week , Mr. Simmons objected to published reports quoting [ARG0 him] as *-1 [rel saying] [ARG1 0 he planned *-2 to sell his Lockheed stake because `` the defense industry seems *-3 to be getting more uncertain] . ''
- [ARG0 Valhi] [rel said] [ARG1 0 the articles did n't accurately reflect Valhi and its affiliates ' intentions toward Lockheed] .
- [ARG1 Instead] , [ARG0 Valhi] [rel said] 0 *T*-1 , they may increase , decrease or retain their Lockheed holdings , depending on a number of conditions .
- [ARG1 Canada 's trade surplus with all countries narrowed to C$ 203.5 million *U* in August from C$ 528.3 million *U* in July] , [ARG0 Statistics Canada] [rel said] 0 *T*-1 .
- [ARG1 U.S. exports benefited in August from heavy Canadian spending on new plant and equipment and a pickup in Canadian auto demand] , [ARG0 Canadian officials] [rel said] 0 *T*-1 .
- [ARG0 Canadian officials] [rel said] [ARG1 0 the trade pact has kindled an export interest among many small Canadian companies that *T*-1 previously had little or no foreign sales] .
- [ARG0 Loral Corp.] [rel said] [ARG1 0 it received a $ 325 million *U* order *ICH*-1 from Turkey 's Ministry of Defense , the largest contract 0 the company ever has received *T*-2] .
- [ARG0 The defense electronics maker] [rel said] [ARG1 0 delivery will begin in October 1991 and run through mid-1995] .
- [ARG0 Loral] [rel said] [ARG1 0 the contract with Turkey will provide opportunities for Loral to supply that country with other defense systems] .
- [ARG0 Crown Resources Corp.] [rel said] [ARG1 0 it reached a definitive agreement * to acquire the Gold Texas Resources Ltd. shares 0 it does n't already own *T*-1] .
- [ARG1 The arrangement is subject to approval by the Supreme Court of British Columbia province] , [ARG0 Crown] [rel said] 0 *T*-1 .
- [ARG0 Apogee Robotics Inc.] [rel said] [ARG1 0 its board extended until Feb. 1 the exercise period of Apogee 's existing stock purchase warrants outstanding] .
- [ARG0 Bank of New England Corp.] , [ARGM-ADV *-1 seeking *-2 to streamline its business after a year of weak earnings and mounting loan problems] , [rel said] [ARG1 0 it will sell some operations and lay off 4 % of its work force] .
- [ARG0 Walter Connolly , chairman ,] [rel said] [ARGM-LOC in an interview] [ARG1 that the company expects *-1 to record pretax gains of $ 100 million to $ 125 million *U* from the sale of its leasing operations and of certain financial processing services] .
- [ARGM-LOC In a prepared statement] , [ARG0 the company] [rel said] [ARG1 0 it expects *-1 to realize those gains before year end] .
- [ARG0 Mr. Driscoll] [rel said] [ARG1 that , despite continued weakness in the region 's real estate market , Bank of New England expects the rate of increase in nonperforming assets to slow in coming quarters] .
- [ARG0 The American Institute for Imported Steel] [rel said] [ARG1 0 imports for the first eight months of 1989 were below the level allowed * by the Voluntary Restraint Agreement program] .
- [ARG0 The institute] [rel said] [ARG1 that , excluding semifinished steel products , year-to-date imports represented 15.2 % of consumption , compared with a permitted maximum of 18.5 %] .
- [ARG1 Japanese machinery makers received orders totaling 1.465 trillion yen -LRB- $ 10.33 billion *U* -RRB- *ICH*-1 in August , up 14 % from a year earlier] , [ARG0 the Economic Planning Agency] [rel said] 0 *T*-2 .
- `` [ARG1 Equipment orders on the domestic side were particularly strong in shipping and power utilities] , '' [rel said] *T*-1 [ARG0 an agency official] .
- In August , soon after Wang Laboratories Inc. reported a staggering $ 424.3 million *U* loss and replaced its president , two Boston sales representatives sent customers [ARG0 a letter] [rel saying] : `` [ARG1 We fully expect that you will soon be reading stories in the press reporting the ` Amazing Comeback at Wang] . ' ''
- [ARG1 * Responding to such questions is `` defensive] , '' [rel says] *T*-1 [ARG0 Kenneth Olissa , Wang 's vice president , marketing] .
- Mr. Miller vetoed that : `` [ARG1 Even I ca n't understand all the footnotes] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Instead] , [ARG0 he] [rel says] 0 *T*-1 , if the salespeople can get the customers to consider Wang 's products on their merits , he or a top financial officer will try *-2 to assuage the fears about finances .
- [ARG0 Mr. Miller] [rel says] [ARG1 that after a sharp sales slump in July and August , sales stabilized in September] .
- [ARGM-ADV Although Wang will report a loss for the first quarter ended Sept. 30 and the full fiscal year] , [ARG0 Mr. Miller] [rel says] [ARG1 0 he expects 0 the company will return to profitability by the fourth quarter] .
- [ARG0 Experts on sales technique] [rel say] [ARG1 0 anyone representing a troubled company must walk a fine line] .
- `` [ARG1 If a salesman jeopardizes his credibility in this time of trouble , it will be a problem for the long run] , '' [rel says] *T*-1 [ARG0 George Palmatier , a Minden , Nev. , sales consultant and author of `` The Marketing Edge] . ''
- [ARG1 Still] , [rel says] [ARG0 John Sullivan , a management recruiter with Daniel Roberts Inc. of Boston , who *T*-1 has held senior sales positions at Polaroid and Atari] : `` The customer will react to strength .
- [ARG1 For buyers , `` these are career-risking decisions] , '' [rel says] 0 *T*-2 [ARG0 Jean Conlin , who *T*-1 supervises a network of Wang computers in the admissions department at Boston University] .
- `` [ARG1 Before the really bad news , we were looking at Wang fairly seriously] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 If your prospect is feeling risk the whole time and you 're not feeling as if you 're backed *-3 up by a stable company , you 've lost it before you 've begun] , '' [rel says] *T*-2 [ARG0 Mary Ann Cluggish , a Wellesley , Mass. , sales trainer and consultant who *T*-1 works with high technology companies] .
- [ARG1 Wang 's overall product line is `` still not as good as other vendors , but they 've come a long way] , '' [rel says] 0 *T*-1 [ARG0 Steven Wendler , a consultant with market researcher Gartner Group , Stamford , Conn] .
- [ARG1 But even before Wang 's latest financial troubles surfaced , some customers `` were trying *-2 to wall off their Wang installations '' so other departments would n't add Wang] , [rel says] 0 *T*-3 [ARG0 Chris Christiansen , a former Wang marketer who *T*-1 is now a market analyst with Meta Group , a market research firm in Stamford , Conn] .
- [ARG0 Rick Lynch , a former top salesman in Wang 's Boston office ,] [ARGM-ADV *-1 referring to Wang 's mainstay computer line ,] [rel says] : `` [ARG1 You ca n't sell a VS to a new customer] . ''
- [ARG0 Consultants] [rel say] [ARG1 that Wang 's technology is among the best available in the image market] .
- [ARG0 William Tait , a former sales manager in Indianapolis ,] [rel says] [ARG1 that his office had all but sold a $ 1.5 million *U* image system to pharmaceutical maker Eli Lilly & Co] .
- [ARG0 He] [rel says] [ARG1 0 the Lilly executives told him 0 they could n't take the risk with Wang] .
- [ARG0 Mr. Tait] [rel say] [ARG1 0 he does n't blame Lilly] .
- [ARG1 Buyers have *-1 to rely on a supplier `` continually upgrading and replacing the product] , '' [ARG0 he] [rel says] 0 *T*-2 .
- For [ARG0 Mr. Tait] , who *T*-1 [rel says] [ARG1 0 he used *-2 to earn as much as $ 150,000 *U* a year at Wang] , it was one more reason 0 * to quit *T*-3 .
- [ARG0 Brian Petre , a former Wang salesman in upstate New York ,] [rel says] : `` [ARG1 You have pride in your job] .
- `` [ARG1 The problem is , if people get down in the dumps , they stop *-2 selling] , '' [rel says] *T*-1 [ARG0 Mike Durcan , a laid-off sales manager in Wang 's Austin office] .
- [ARG0 Paul Hellman , a Framingham , Mass. , sales and management consultant and author of `` * Ready , * Aim , You 're Hired *-2 , ''] [rel says] : `` [ARG1 The bad news is , you 'll be rejected *-1 more] .
- For instance , he suggests that [ARG0 salespeople making telephone calls] [ARGM-MOD should] [rel say] to [ARG2-to themselves] : `` [ARG1 All 0 I want * to do *T*-1 today is get 50 rejections] . ''
- `` [ARG1 Our customers watch us for the hidden message] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG0 *] Look a customer right in the eye and [rel say] , ` [ARG1 I 'm glad *-1 to be at Wang] .
- `` [ARG1 It *EXP*-1 's very important that we exude confidence , even though within the family we know 0 there 's a lot of hard work ahead] , '' [rel said] *T*-2 [ARG0 Richard Miller , the Lowell , Mass. , computer concern 's new president ,] [ARGM-LOC in a video message to salespeople] [ARGM-TMP a month after he took over] .
- [ARG0 Blinder International Enterprises Inc. , the parent of beleaguered penny-stockbroker Blinder , Robinson & Co. ,] [rel said] [ARG1 0 its shareholders approved a previously announced name change to Intercontinental Enterprises Inc] .
- `` [ARG1 The parent company is diversifying into other industries around the world] , '' [rel said] *T*-1 [ARG0 president Meyer Blinder] [ARGM-PNC in *-2 explaining the name change] .
- [ARG0 Mr. Blinder] [rel said] [ARG1 0 the change was n't related to the brokerage 's recent troubles , which *T*-1 have included sharp declines in earnings , run-ins with the securities regulators and lawsuits by former customers] .
- [ARG0 The company] [rel said] [ARG1 0 it expects the name change to take effect within a week] .
- [ARG0 Olin Corp.] [rel said] [ARG1 0 third-quarter net income rose 26 % on the strength of its chemical business] .
- [ARG0 Olin] [rel said] [ARG1 0 its chemical segment had profit of $ 22 million *U* , up from $ 15 million *U* a year ago , largely because of gains in electrochemicals such as caustic soda] .
- [ARG0 The company] [rel said] [ARG1 0 the gains were tied *-1 to volume increases and higher prices] .
- [ARG0 Daniel Akerson , MCI chief financial officer ,] [rel said] [ARG1 0 the company sees further improvements in operating margins] .
- `` [ARG1 We think 0 we can take it to the 18 % range over next 18 to 24 months] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Charles Schellke , an analyst with Smith Barney , Harris Upham & Co. ,] [rel said] [ARG1 0 some investors apparently expected slightly better revenue growth] .
- [ARG0 The company] [rel said] [ARG1 that residential traffic grew faster than business traffic] and attributed that to its new PrimeTime calling plan that *T*-1 competes with American Telephone & Telegraph 's Reach Out America plan .
- The company wants its business mix to more closely match that of AT&T -- [ARG1 a step] 0 [ARG0 it] [rel says] 0 *T*-1 will help *-2 prevent cross subsidization .
- [ARG0 Mr. Akerson] [rel said] [ARG1 0 MCI recorded `` another solid cash positive quarter , '' its fourth in a row] , but declined *-1 to comment on whether the company is considering a dividend or is planning any acquisition .
- [ARG1 The current quarter] , [ARG0 he] [rel said] 0 *T*-1 , `` looks fine .
- [ARG0 Southwestern Bell Corp.] [rel said] [ARG1 0 net dropped 8.7 % , mainly the result of four extraordinary items : a franchise tax refund that its Southwestern Bell Telephone Co. unit received *T*-1 last year ; a production shift of several Yellow Pages directories to the fourth quarter from the third ; a rate refund in Missouri and a one-time adjustment to phone company revenues] .
- [ARG0 Chairman Zane E. Barnes] [rel said] [ARG1 0 Southwestern Bell 's `` businesses are healthy and are continuing *-1 to grow] . ''
- [ARG0 GTE] [rel said] [ARG1 0 net income rose 18 % , *-1 aided *-2 by higher long-distance calling volumes and an increase in telephone lines in service] .
- [ARG0 The company] reported a 3.1 % increase in the number of access lines in service , and [ARGM-DIS also] [rel said] [ARG1 0 its Southwestern Bell Mobile Systems unit added 30,000 new customers , with a current total of about 333,000] .
- [ARG0 Cincinnati Bell Inc.] [rel said] [ARG1 0 net declined 1.8 %] .
- [ARG0 The company] [rel said] [ARG1 that the number of access lines dropped slightly in the quarter , a decline attributed * to seasonal fluctuations] .
- [ARG0 Chairman D.H. Hibbard] [rel said] [ARG1 0 the company has set a new five year goal of *-1 doubling revenues to about $ 1.8 billion *U* while *-2 steadily increasing net] .
- [ARG0 The company] [rel said] [ARG1 0 the quarter included a 10 % increase in local-exchange usage for long-distance calling and a 5 % increase in the number of access lines in service] .
- [ARG0 Rockwell International Corp. 's Tulsa unit] [rel said] [ARG1 0 it signed a tentative agreement extending its contract *ICH*-1 with Boeing Co. * to provide structural parts for Boeing 's 747 jetliners] .
- [ARG0 Rockwell] [rel said] [ARG1 0 the agreement calls for it to supply 200 additional so-called shipsets for the planes] .
- [ARG0 Balcor , which *T*-1 has interests in real estate ,] [rel said] [ARG1 0 the position is newly created] .
- [ARG0 Great American] [rel said] [ARG1 0 it increased its loan-loss reserves by $ 93 million *U* after *-1 reviewing its loan portfolio , * raising its total loan and real estate reserves to $ 217 million *U*] .
- [ARG0 US Facilities Corp.] [rel said] [ARG1 0 Robert J. Percival agreed *-1 to step down as vice chairman of the insurance holding company] .
- `` [ARG1 There was a difference of opinion as to the future direction of the company] , '' [ARG0 a spokeswoman] [rel said] *T*-1 .
- [ARGM-LOC In a statement] , [ARG0 US Facilities] [rel said] [ARG1 0 Mr. Percival 's employment contract calls for him to act as a consultant to the company for two years] .
- [ARG1 He will also remain a director] , [ARG0 US Facilities] [rel said] 0 *T*-1 , but * wo n't serve on any board committees .
- [ARGM-LOC In the same statement] , [ARG0 US Facilities] [ARGM-DIS also] [rel said] [ARG1 0 it had bought back 112,000 of its common shares in a private transaction] .
- [ARGM-ADV *-1 Spurred by growth in world-wide sales of the company 's prescription drugs] , [ARG0 Warner-Lambert] [rel said] [ARG1 0 1989 will be the best year in its history , with per-share earnings expected *-2 to increase more than 20 % to about $ 6.10 *U*] .
- [ARG1 Higher sales of pesticides and other plant-science products more than offset a slight decline in the sales of animal-health products * to fuel the increase in world-wide agricultural product sales] , [ARG0 Lilly] [rel said] 0 *T*-1 .
- [ARG1 Mevacor , Merck 's new cholesterol-lowering drug , had higher sales than any other prescription medicine has ever achieved in the U.S. in the year following introduction] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Reuben Mark , chairman of Colgate-Palmolive Co. ,] [rel said] [ARG1 0 he is `` comfortable '' with analysts ' estimates that third-quarter earnings rose to between 95 cents and $ 1.05 *U* a share] .
- `` [ARG1 If you could say 0 their business in the U.S. was mediocre , but great everywhere else , that would be fine] , '' [rel says] *T*-3 [ARG0 Bonita Austin , an analyst with Wertheim Schroder & Co] .
- `` [ARG1 We 've done a lot * to improve -LCB- U.S. . -RCB- results , and a lot more will be done *-1] , '' [ARG0 Mr. Mark] [rel said] *T*-2 .
- [ARG1 Results were also bolstered by `` a very meaningful '' increase in operating profit by Colgate 's U.S. business] , [ARG0 Mr. Mark] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the improvement was a result of cost savings achieved * by * consolidating manufacturing operations , blending two sales organizations and focusing more carefully the company 's promotional activities] .
- [ARG0 The Boston Globe] [rel says] [ARG1 0 its newly redesigned pages have a `` crisper '' look with revamped fixtures aimed * at * making the paper `` more consistent '' and `` easier 0 * to read *T*-1] . ''
- `` [ARG1 But * think of the money 0 you , the reader , will save *T*-1 on Halloween] , '' [rel said] *T*-2 [ARG0 Mr. Barnicle] .
- `` [ARG1 I thought -LCB- the drawing -RCB- a cross between someone 0 you 'd spot *-3 whipping open his trench coat ... or a guy who *T*-1 boasted 0 he 'd been Charles Manson 's roommate for the last 19 years] , '' [ARG0 he] [rel said] *T*-4 .
- `` [ARG1 I think that you will see a significant improvement in the budget formulation and execution process which , in turn , I believe 0 *T*-1 will result in a significant increase in revenue] , '' [ARG0 he] [rel said] *T*-2 .
- Customarily , it would appoint career civil servants from within the agency , but [ARG0 Mr. Goldberg] [rel said] [ARG1 0 he plans *-1 to `` scour the world '' for the chief information officer and the comptroller] .
- `` [ARG1 You 're telling someone 0 they can spend the next three or four or five or six years of their life *-1 bringing about the most difficult and costly modernization of an information system on the civil side ever] , '' [ARG0 Mr. Goldberg] [rel said] *T*-2 .
- [ARGM-DIS In addition] , [ARG0 the tax-collecting agency] [rel says] [ARG1 that it will take the unusual step of * looking to the private sector *-2 to fill two new high-level positions 0 * to guide the 120,000-employee agency *T*-3 : a comptroller 0 *T*-4 to oversee daily finances and a chief information officer 0 *T*-5 to update the information system , which *T*-1 includes probably the largest computer data base in the world] .
- [ARG0 The IRS] [ARGM-DIS also] [rel said] [ARG1 that it would create the position of chief financial officer , who *T*-2 will be hired *-1 from within the agency] .
- [ARG0 IRS Commissioner Fred T. Goldberg] [rel said] [ARG1 0 the changes are intended *-2 to bring `` accountability '' to the agency , which *T*-1 has an annual budget of more than $ 5 billion *U* and collects about $ 1 trillion *U* a year] .
- `` [ARG1 My assessment and everyone 's assessment is that we do not have the kinds of information that *T*-1 let us responsibly and effectively formulate and execute our budget] , '' [ARG0 Mr. Goldberg] [rel said] *T*-2 .
- [ARG0 The new commissioner] [rel says] [ARG1 that closer scrutiny of how the agency uses its resources will go a long way toward * enhancing its ability * to collect more tax revenue] .
- `` [ARG1 I think 0 if we had been allowed *-3 to go ahead then we would n't have the problems 0 we have *T*-1 now] , '' [ARG0 Mr. Sanford] [rel says] *T*-2 .
- [ARG0 Mr. Blandon] [rel says] [ARG1 0 the general allowed the Contras to set up a secret training center in Panama] .
- [ARG1 Although , his help for the Contra cause was limited *-1 , it was enough * to win him important protectors in the Reagan administration ,] [rel says] 0 *T*-3 [ARG0 Sen. Patrick Leahy , a Vermont Democrat who *T*-2 then served on the Senate Intelligence Committee] .
- `` [ARG1 Noriega played U.S. intelligence agencies and the U.S. government like a violin] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 He] [rel says] [ARG1 0 Mr. Briggs told him 0 he was being set up *-1 for a `` honey trap , '' in which Mr. Noriega would try *-2 to involve him in an orgy and then record the event `` with sound and video *T*-3] . ''
- [ARG1 That allowed him to get stronger and stronger] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 The rebel officer 's slow and painful death , at the headquarters of Panama 's Battalion-2000 squad , was personally supervised *-2001 by Gen. Noriega] , [rel says] 0 *T*-1 [ARG0 a U.S. official with access to intelligence reports] .
- `` [ARG1 The U.S. underestimated Noriega all along] , '' [rel says] *T*-1 [ARG0 Ambler Moss , a former Ambassador to Panama] .
- [ARG1 Mr. Noriega might have fallen of his own weight in 1988 because of Panama 's dire economic situation] , [rel says] 0 *T*-1 [ARG0 Mr. Moss] , but increasing external pressure has only given him additional excuses for repression , and a scapegoat for his own mismanagement .
- `` [ARG1 He is cornered] , '' [rel says] *T*-2 [ARG0 the Rev. Fernando Guardia , who *T*-1 has led Catholic Church opposition against Noriega] .
- [ARG1 In his peaked military cap and neatly pressed , French-made uniform , Noriega felt more respected and powerful than ever in his underprivileged life] , [ARG0 friends from the period] [rel say] 0 *T*-1 .
- [ARG1 Mr. Noriega 's relationship to American intelligence agencies became contractual in either 1966 or 1967] , [ARG0 intelligence officials] [rel say] 0 *T*-1 .
- [ARG1 Mr. Noriega 's initial retainer was only $ 50 *U* to $ 100 *U* a month , plus occasional gifts of liquor or groceries from the American PX] , [ARG0 a former intelligence official] [rel says] 0 *T*-1 .
- `` [ARG1 Everybody was afraid of him] , '' [ARG0 Mr. Ingersoll] [rel says] *T*-1 .
- `` [ARG1 We caught him with his hands on our cookie jar] , '' [rel says] *T*-1 [ARG0 former CIA Director Stansfield Turner] .
- [ARG1 For the first time , the U.S. considered cutting Mr. Noriega from its intelligence payroll -- and the deliberations were intense] , [ARG0 Mr. Turner] [rel says] 0 *T*-1 .
- `` [ARG1 Whenever corporate profits are weak *T*-1 that means 0 capital spending is going *-2 to soften subsequently] , '' [ARG0 Mr. Harris] [rel said] *T*-3 .
- [ARG0 The Federal Reserve Board] [rel said] [ARG1 0 output of the nation 's factories , mines and utilities expanded at an annual rate of 1.3 % in the third quarter , substantially slower than the 3.3 % annual rate in the second quarter] .
- `` [ARG1 Capital spending and exports , which *T*-1 have been the driving force in this expansion , are showing clear signs of * having the steam taken out of them] , '' [rel said] *T*-2 [ARG0 Robert Dederick , economist for Northern Trust Co. in Chicago] .
- `` [ARG1 They need *-1 to do something about this] , '' [rel said] *T*-2 [ARG0 Maury Harris , economist at PaineWebber Group Inc] .
- [ARG0 The Fed] [ARGM-DIS also] [rel said] [ARG1 0 U.S. industry operated at 83.6 % of capacity last month , down from 83.8 % in August] .
- [ARGM-DIS But] [ARG0 Dr. Fraumeni , one of the authors of the report ,] [rel said] `` [ARG1 the declining rates 0 we 're seeing *T*-3 for younger people we believe *T*-1 may * be a harbinger of declining mortality in the future] . ''
- `` [ARG1 Even though these favorable trends in lung-cancer mortality affect all sex and race groups , they ca n't be taken *-1 for granted] , '' [ARG0 the report] [rel says] *T*-2 .
- [ARG0 An editorial in the NCI Journal] [rel says] [ARG1 0 the report of declining lung-cancer mortality `` among young men and women in the U.S. indicates that we finally may be winning the battle -- this even in a country where the tobacco industry spends over $ 2 billion *U* a year for promotion of the addictive habit of smoking *T*-1] . ''
- `` [ARG1 Non-smoking] should be established *-1 as the norm of social behavior '' around the world , [ARG0 the editorial] [rel says] 0 *T*-3 , through the enactment of laws that *T*-2 limit advertising , boost tobacco prices and promote anti-smoking education .
- [ARGM-ADV *-2 Asked *-1 for comment] , [ARG0 Walker Merryman , a vice president of the Tobacco Institute] , [rel said] [ARG1 0 new efforts * to restrict tobacco advertising in the U.S. could violate the First Amendment protection of free speech] .
- `` [ARG1 What this is saying *T*-1 is that the surgeon general 's message is having an impact] , '' [rel said] *T*-2 [ARG0 Melvyn Tockman , an epidemiologist at the Johns Hopkins School of Hygiene and Public Health in Baltimore] .
- `` [ARG1 What] [ARG0 this] is [rel saying] *T*-1 is that the surgeon general 's message is having an impact , '' said *T*-2 Melvyn Tockman , an epidemiologist at the Johns Hopkins School of Hygiene and Public Health in Baltimore .
- [ARG1 As vice president\/national-government relations , Mr. Womack will work with P&G 's top management and with the company 's government-relations staff `` *-2 to represent P&G 's interests at the federal level] , '' [rel said] 0 *T*-1 [ARG0 John G. Smale , chairman and chief executive officer] .
- [ARG0 Mr. Smale] [rel said] [ARG1 0 the appointment `` recognizes the growing influence of government on our business] . ''
- [ARG0 Mr. Zipper] [rel said] [ARG1 0 the market is still settling down after the recent correction] .
- [ARG1 Most of trading action now is from professional traders who *T*-1 are trying *-2 to take advantage of the price swings * to turn a quick profit] , [ARG0 he and other traders] [rel said] 0 *T*-3 .
- `` [ARG1 Everybody 's confused and no one has an opinion that *T*-1 lasts longer than 30 seconds] , '' [rel said] *T*-2 [ARG0 Mr. Zipper] .
- [ARG0 William Rothe , head of OTC trading at Alex . Brown & Sons , in Baltimore ,] [rel said] [ARG1 0 program trading is keeping the markets unsettled] .
- [ARGM-LOC In a statement] , [ARG0 Genetics Institute] [rel said] [ARG1 0 the dispute with Boehringer centers on questions of the usability of certain batches of EPO material valued * at $ 13.6 million *U*] .
- [ARG1 The news could n't have been better] , '' [rel said] *T*-1 [ARG0 Linda Kristiansen , a Dean Witter Reynolds analyst ,] [ARGM-LOC in an interview] .
- [ARG1 The action was confined *-1 to Nasdaq 's biggest and most liquid stocks] , [ARG0 traders] [rel said] 0 *T*-2 .
- [ARGM-DIS In addition] , [ARG0 Ralph Ingersoll II , 43 , chairman and chief executive ,] [rel said] [ARG1 0 he would take on additional responsibilities as editor in chief of the company] .
- [ARG0 Coca-Cola Enterprises Inc.] , [ARGM-ADV *-1 fulfilling its dismal earnings forecast for 1989] , [rel said] [ARG1 0 its third-quarter net income fell 68 % on flat revenue] .
- [ARG0 Coca-Cola Enterprises] [rel said] [ARG1 0 it had *-1 to boost spending for trade and dealer incentives * to try *-2 to keep volumes from *-3 slipping] .
- [ARGM-ADV *-1 Stung by higher marketing costs and slowing volume growth] , [ARG0 the giant Coke bottling operation] [rel said] [ARG1 0 net fell to $ 12.7 million *U* , or six cents a share , from $ 39.9 million *U* , or 26 cents a share , the year earlier] .
- [ARG0 The company] [rel said] [ARG1 0 it expects 0 consumers will adjust to higher-priced soft drinks] .
- `` [ARG1 They 're out there * promoting like crazy , * trying * to get prices up by promotion] , '' [rel said] *T*-1 [ARG0 Roy Burry , an analyst with Kidder , Peabody & Co] .
- [ARG0 Coca-Cola Enterprises , which *T*-1 is 49%-owned by Coca-Cola Co. ,] [ARGM-DIS also] [rel said] [ARG1 0 it repurchased about 1.2 million of its common shares during the third quarter] .
- [ARGM-ADV Separately] , [ARG0 Purchase , N.Y.-based PepsiCo Inc.] , [ARGM-ADV as * expected *-1] , [rel said] [ARG1 0 fiscal third-quarter net rose 11 % to $ 269.3 million *U* , or $ 1.02 *U* a share , from $ 241.6 million *U* , or 91 cents a share] .
- The results met estimates of analysts , who *T*-1 had already slashed their projections after [ARG0 the company] [rel said] [ARGM-TMP in late August] [ARG1 that its 1989 earnings could tumble as much as 37 %] .
- [ARG0 A company spokesman] [rel said] [ARGM-TMP yesterday] [ARG1 that Coca-Cola Enterprises sticks by its 1989 forecast] .
- [ARG1 L.J. Hooker Corp. is expected *-1 to reach an agreement *ICH*-2 in principle this week * to sell Merksamer Jewelers Inc. to management] , [rel say] 0 *T*-3 [ARG0 executives familiar with the talks] .
- In recent weeks Mr. Merksamer has approached a number of his suppliers and asked them *-1 to provide [ARG0 letters] of intent [rel saying] [ARG1 0 they will continue *-2 shipping merchandise to the chain following the buy-out] , say 0 *T*-3 those familiar with the situation .
- [ARG1 In recent weeks Mr. Merksamer has approached a number of his suppliers and asked them *-1 to provide letters of intent saying 0 they will continue *-2 shipping merchandise to the chain following the buy-out] , [rel say] 0 *T*-3 [ARG0 those familiar with the situation] .
- [ARG0 An NBC spokesman] says 0 the network will `` closely monitor '' the Sacramento situation , and [rel says] [ARG1 0 it is the only station 0 *T*-1 to defect] .
- [ARG0 An NBC spokesman] [rel says] [ARG1 0 the network will `` closely monitor '' the Sacramento situation] , and says 0 it is the only station 0 *T*-1 to defect .
- [ARG0 Spokesmen for the television networks of CBS Inc. and Capital Cities\/ABC Inc.] , [rel say] [ARG1 0 there are no plans * to alter the children 's line-up on Saturday mornings] .
- `` [ARG1 There is talk of some revamping and we 're certainly heading in the direction of less and less animation] , '' [rel said] *T*-1 [ARG0 Joseph S. Cicero , vice president of finance and administration for National Broadcasting Co. , a unit of General Electric Co] .
- [ARG0 Mr. Cicero] [rel said] [ARG1 that NBC Entertainment president Brandon Tartikoff , who *T*-2 declined *-3 to be interviewed *-1 , is `` looking at options now and may put some things into the schedule by mid-season] . ''
- `` [ARG1 We feel 0 there is an opportunity for an audience that *T*-2 is not being served *-1 by any network , so we want * to take the lead] , '' [rel says] *T*-3 [ARG0 KCRA 's general manager , John Kueneke] .
- [ARG0 Rohm & Haas Co.] [rel said] [ARG1 0 third-quarter net income skidded 35 % to $ 32.6 million *U* , or 49 cents a share] .
- [ARG1 Mr. Weisel , 49 , resigned as president and chief executive and will work on special projects] , [rel said] 0 *T*-1 [ARG0 John J. Wallace , chairman] .
- In this article , [ARG0 I] was alleged *-1 to have [rel said] , [ARG1 0 `` Any patient with high-risk colon cancer is really getting short shrift if he 's not getting this therapy] . ''
- [ARG0 I] did [ARGM-NEG n't] [rel say] [ARG1 this] , and I 'm totally opposed to the philosophy expressed * by the quote .
- `` [ARG1 The whole idea here is 0 the automobile and oil companies have joint customers] , '' [rel said] *T*-1 [ARG0 Keith McHenry , a senior vice president of technology at Amoco Corp] .
- [ARG0 Officials of the Big Three auto makers and 14 petroleum companies] [rel said] [ARG1 0 they are setting out *-1 to find the most cost-effective fuel for * reducing cities ' air-pollution problems , with no bias toward any fuel in particular] .
- But [ARG0 David Hawkins , an environmental lawyer with the Natural Resources Defense Council ,] [rel said] [ARG1 0 the research appears merely *-1 to be a way 0 * to promote reformulated gasoline *T*-2] .
- [ARG0 The Bush administration] has [rel said] [ARG1 0 it will try *-1 to resurrect its plan *PPA*-2 when the House Energy and Commerce Committee takes up a comprehensive clean-air bill] .
- [ARG1 The initial $ 11 million *U* research program will conduct the most extensive *ICH*-1 testing to date of reformulated gasolines] , [rel said] 0 *T*-2 [ARG0 Joe Colucci , head of fuels and lubricants at General Motors Corp. research laboratories] .
- [ARG0 William Seidman , chairman of the Federal Deposit Insurance Corp. ,] [rel said] [ARG1 0 Lincoln Savings & Loan Association should have been seized *-1 by the government in 1986 * to contain losses that he estimated 0 *T*-2 will cost taxpayers as much as $ 2 billion *U*] .
- `` [ARG1 I think 0 it *EXP*-1 's fairly clear 0 -LCB- Mr. Keating -RCB- knew , '' that regulators were set *-2 to seize Lincoln] , [ARG0 Mr. Seidman] [rel said] 0 *T*-3 .
- [ARG1 Further investigation] , he said 0 *T*-2 , may result in further actions against Lincoln 's executives , [rel said] 0 *T*-2 [ARG0 Mr. Seidman] , `` including fraud actions . ''
- [ARG1 Further investigation] , [ARG0 he] [rel said] 0 *T*-2 , may result in further actions against Lincoln 's executives , said 0 *T*-2 Mr. Seidman , `` including fraud actions . ''
- [ARG0 Leonard Bickwit , an attorney in Washington for Mr. Keating ,] declined *-1 to comment on the hearings , except * to [rel say] [ARG1 0 , `` We will be responding comprehensively in several forums to each of these allegations at the appropriate time] . ''
- [ARG0 Mr. Seidman] [rel said] [ARGM-TMP yesterday] , [ARGM-DIS for example] , [ARG1 that Sen. Dennis DeConcini -LRB- D. , Ariz. -RRB- , who *T*-2 received $ 48,100 *U* in contributions from Mr. Keating , phoned Mr. Seidman * to request that he push for a sale of Lincoln before it would be seized *-1] .
- [ARG0 The senator 's spokesman] [rel said] [ARGM-TMP yesterday] [ARG1 that he pushed for the sale of Lincoln because `` hundreds of Arizona jobs -LCB- at Lincoln -RCB- were on the line] . ''
- [ARG0 House Banking Committee Chairman Henry Gonzalez -LRB- D. , Texas -RRB-] [rel said] [ARG1 0 Sen. Cranston volunteered *-1 to appear before the House committee , if necessary] .
- [ARGM-DIS But] [ARG0 a committee staff member] [rel said] [ARG1 0 the panel is unlikely * to pursue closely the role of the senators] .
- [ARGM-LOC At the hearing] , [ARG0 Mr. Seidman] [rel said] [ARG1 0 the RTC has already pumped $ 729 million *U* into Lincoln for liquidity] .
- Some of those debtholders have filed [ARG0 a suit] , * [rel saying] [ARG1 0 they believed 0 they were buying government-insured certificates of deposit] .
- `` [ARG1 We have no plans *ICH*-1 at this time * to pay off those notes] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 My staff indicated that had we made such findings in one of our own institutions , we would have sought an immediate cease-and-desist order * to stop the hazardous operations] , '' [ARG0 Mr. Seidman] [rel said] *T*-1 .
- [ARG0 Both] [rel said] [ARG1 0 the new plan would n't work] .
- [ARG0 Ernst & Young] [rel said] [ARG1 0 Eastern 's plans will miss its projections of earnings before interest , tax and depreciation by $ 100 million *U* , and that Eastern 's plan presented no comfort level , according to a source present at yesterday 's session] .
- [ARG1 Experts from Goldman Sachs estimated 0 Eastern would miss the same mark by $ 120 million to $ 135 million *U*] , [ARG0 the source] [rel said] *T*-1 .
- [ARG0 The experts] [rel said] [ARG1 0 they expected 0 Eastern would have *-1 to issue new debt * to cover its costs , and that it would generate far less cash than 0 * anticipated *T*-2] .
- [ARGM-ADV *-1 Flanked by flight attendants , pilots and gate agents dressed * in spiffy new blue uniforms] , [ARG0 they] [rel said] [ARG1 0 Eastern has exceeded its operational goals and is filling its seats] .
- [ARG1 * Starting next month , Eastern will begin *-2 flying 775 flights daily instead of the previously announced 700] , [ARG0 they] [rel said] 0 *T*-1 .
- [ARG0 Mr. Bakes] declined *-1 to give out Eastern 's daily losses , but [rel said] [ARG1 0 he did n't expect 0 Eastern would have *-2 to dip into the cash from asset sales currently held * in escrow] .
- [ARG1 The plan 0 Eastern hopes *-2 to pursue *T*-1] , [ARG0 he] [rel said] 0 *T*-3 , calls for Eastern to have $ 390 million *U* in cash by year 's end .
- [ARGM-ADV *-1 Asked about the consultants ' reports] , [ARG0 an Eastern spokeswoman] [rel said] [ARG1 0 `` we totally disagree] . ''
- [ARGM-ADV As to negotiations with creditors] , [ARG0 Mr. Lorenzo] [rel said] [ARGM-LOC in remarks after the conference] `` [ARG1 0 we 'll have *-1 to see how they -LCB- talks -RCB- come along *T*-2] . ''
- [ARG0 She] [rel said] [ARG1 0 they have `` oversimplified and made some erroneous assumptions that *T*-1 make their analysis completely off-base] . ''
- [ARGM-LOC At a later news conference here] , [ARG0 Frank Lorenzo , chairman of Eastern 's parent Texas Air Corp. ,] [rel said] [ARG1 0 Eastern was exceeding its goals for * getting back into operation] and predicted 0 it would emerge from Chapter 11 protection from creditors early next year , * operating with more service than it originally had scheduled .
- Returns for 1988 from people with six-month filing extensions were due Monday , but [ARG0 the IRS] [rel says] [ARG1 0 people in the disaster areas wo n't be penalized *-1 for late filing if their returns are marked *-2 `` Hugo '' and postmarked by Jan. 16] .
- [ARGM-DIS But] [ARG0 the Tax Court] [rel said] [ARG1 0 the limitations were reasonable and realistic] and allowed the deductions .
- But judges [ARGM-TMP usually] find 0 the real aim is * to escape tax on hidden income ; and [ARG0 the IRS] [rel said] [ARG1 0 Brown must have had such income -- although it uncovered no source -- because he deposited $ 124,732 *U* in a bank account in 1982-84 while * reporting income of only $ 52,012 *U*] .
- `` [ARG1 We hear 0 it has low priority on the House side] , '' [rel says] *T*-1 [ARG0 Samuel Starr of Coopers & Lybrand , CPAs] .
- [ARG1 If the law is n't changed *-3] , [ARG0 he] [rel says] 0 *T*-6 , `` we are left *-4 staring at rules that *T*-1 are almost impossible 0 * to implement *T*-2 , because there are so many complex depreciation calculations 0 * to do *T*-5 . ''
- `` [ARG1 I have a mountain bike , yet as a hiker I 've been run *-1 off the road by kids careening down a fire trail on them] , '' [rel says] *T*-2 [ARG0 Gene Coan , an official at Sierra 's headquarters in San Francisco] , [ARGM-ADV * echoing the concerns of many members] .
- [ARG0 He] [rel says] [ARG1 0 fellow bikers show the same concern for the land that they demonstrated *T*-2 as hikers] ; many are appalled that the conservation community would suddenly consider them the enemy .
- `` [ARG1 This] , '' [rel says] *T*-2 [ARG0 Ms. Peterson] , `` is what it 's all about *T*-1 . ''
- [ARG1 Biking groups in Montana , Idaho , Michigan and Massachusetts have won similar concessions] , [rel says] 0 *T*-1 [ARG0 Tim Blumenthal , mountain bike editor of Bicycling magazine] .
- [ARG1 While some are renegade riders who *T*-3 simply scorn regulations , much bad riding simply reflects ignorance that *T*-2 can be corrected *-1 through `` education and peer pressure] , '' [rel says] *T*-4 [ARG0 Jim Hasenauer , a director of the International Mountain Biking Association] .
- `` [ARG1 The mountain bike feels as comfortable as the ` paperboy ' bike 0 you had *T*-1 as a kid , but it can do so much more] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 We were being overrun] , '' [rel says] *T*-1 [ARG0 Steve Fiala , trails coordinator of the East Bay Regional Park District] .
- [ARG1 But the Fed move was a small gesture] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 Fed officials appear reluctant * to ease their credit grip any further because a bold move does n't appear necessary] , [ARG0 several investment managers] [rel said] 0 *T*-1 .
- [ARG1 That , coupled * with poor third-quarter corporate-earnings comparisons , `` will make trouble for the equity market for the next two to three months] , '' [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 They shot the whole orchestra just because the piano player hit a bad note] , '' [rel said] *T*-1 [ARG0 Laszlo Birinyi , president of Birinyi Associates Inc.] , [ARGM-ADV * referring to the stock market 's plunge Friday on news of trouble in * financing the UAL Corp . buy-out] .
- `` [ARG1 The stock market clearly is leading the bond markets] , '' [rel said] *T*-1 [ARG0 Jack Conlon , an executive vice president at Nikko Securities] .
- I 've learned the hard way that too much booze Takes revenge the next day about nine ; No wonder 0 [ARG0 I] [rel say] , `` [ARG1 I drink to your health] '' -- It certainly is n't to mine !
- [ARG1 Pulp and paper performance depends on cost and price variables] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG1 Weyerhaeuser 's pulp and paper operations were up for the nine months , but full-year performance depends on the balance of operating and maintenance costs , plus pricing of certain products] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARGM-ADV *-1 Looking ahead to the fourth quarter] , [ARG0 the company] [rel said] [ARG1 0 export log and lumber markets will be weak , while panel and plywood markets will be stronger] .
- `` [ARG1 There 's nothing in here that *T*-1 's horrible and nothing 0 *T*-3 to make you think 0 they 're setting the world on fire] , '' [rel said] *T*-2 [ARG0 Carole Berger , analyst for C.J. Lawrence , Morgan Grenfell Inc] .
- [ARG0 The bank] [ARGM-DIS also] [rel said] [ARG1 0 it expects *-1 to report a $ 1.42 billion *U* loss for the third quarter and a loss for the full year] .
- `` [ARG1 The consumer business continues *-1 to drive the earnings stream] , '' [rel said] [ARG0 Mr. McDermott of Keefe , Bruyette & Woods] .
- [ARG1 Corporate finance and trading results in member countries of the Organization for Economic Cooperation and Development were `` relatively flat , sometimes choppy] , '' [ARG0 the bank] [rel said] 0 *T*-1 , and profit for the area sank 27 % .
- [ARG1 The cross-border loan portfolio] reflected `` adjustment problems and episodic payment patterns , '' [ARG0 the bank] [rel said] 0 *T*-1 no interest payments from Argentina in the nine months and none from Brazil in the third quarter , [ARGM-ADV while Venezuela brought itself `` substantially current] . ''
- `` [ARG1 People were waiting *-2 to see if we would take an additional provision '' for medium-term and long-term loans to less-developed countries] , [ARG0 a Citicorp spokesman] [rel said] 0 *T*-1 .
- [ARG0 Citicorp 's spokesman] [rel said] , [ARGM-DIS however] , [ARG1 that the bank is maintaining those expenses in proportion to revenue growth] .
- [ARG0 Manufacturers Hanover] [rel said] [ARG1 that excluding the addition to its reserves , certain tax benefits , and a one-time $ 16 million *U* gain on the sale of an interest in a foreign leasing company , third-quarter earnings were $ 75 million *U*] .
- [ARG1 The comparable year-earlier number was $ 56 million *U*] , [ARG0 a spokesman] [rel said] *T*-1 .
- `` [ARG1 We did n't take part in a lot of deals '' in the quarter `` because their credit quality was poor] , '' [ARG0 the spokesman] [rel said] *T*-1 .
- [ARG1 * Get the problem behind you and * do n't look back] , '' [rel said] *T*-1 [ARG0 James J. McDermott , analyst at Keefe , Bruyette & Woods] , [ARGM-PNC in * approving of the move] .
- [ARG0 PNC Financial] cited higher income from sources unrelated to interest and [rel said] [ARG1 0 it continues *-1 to cut costs] .
- [ARG1 Bankers Trust `` has had the capacity * to do this for some time] , '' [ARG0 the analyst] [rel said] 0 *T*-1 .
- Prime Minister Rajiv Gandhi set a date *ICH*-2 next month for general elections that [ARG0 some analysts] [rel say] [ARG1 0 *T*-1 could cost him and his ruling Congress -LRB- I -RRB- Party control of the government] .
- [ARG0 Other analysts] [rel say] [ARG1 0 the Indian leader could retain control with a slim majority or be forced *-1 to rule as the dominant partner in a coalition with other parties] .
- `` [ARG1 There 's a wide feeling of indignation across the country] , '' [rel says] *T*-1 [ARG0 Bhabani Sen Gupta of the Center for Policy Research , in New Delhi] .
- [ARG0 Most political analysts] [rel say] [ARG1 that if Mr. Gandhi 's opposition unites *-1 to field single candidates in most precincts , the Congress -LRB- I -RRB- will lose big] .
- [ARG0 Analysts] [rel say] [ARG1 0 the opposition will struggle this week *-1 to unite] , and its success will be clear only when it announces its final list of parliamentary candidates *T*-2 .
- `` [ARG1 We do n't like the Congress -LRB- I -RRB-] , '' [rel says] *T*-1 [ARG0 Sooraji Jath , a farmer in the western state of Gujarat] .
- [ARG0 The report] [rel says] [ARG1 that investigations were severely hampered *-1 by lack of cooperation from Bofors] .
- [ARG0 Bofors] [rel says] [ARG1 0 it ca n't disclose the names of the middlemen because it would jeopardize industrial confidentiality] .
- [ARG0 Parsow Partnership Ltd. and Elkhorn Partners L.P.] [rel said] [ARG1 0 they may seek proposals from third parties relating to a sale or restructuring of CACI International Inc] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 Parsow and Elkhorn , which *T*-3 together hold 8.685 % of CACI 's common shares ,] [rel said] [ARG1 0 they think 0 it *EXP*-1 is in the best interest of CACI stockholders that the company be sold *-2] .
- [ARG0 CACI , based * in Arlington , Va. ,] [rel said] [ARG1 0 it had n't seen the filing by Parsow and Elkhorn and therefore had no comment] .
- [ARG0 The partnerships] [rel said] [ARG1 0 they may seek board representation , and they may seek the support of CACI 's board and other major shareholders in connection with their plans] .
- `` [ARG1 The intervention has been friendly , * meaning that they really did n't have *-2 to do it] , '' [rel said] *T*-1 [ARG0 Maria Fiorini Ramirez , money-market economist at Drexel Burnham Lambert Inc] .
- [ARG0 She] [rel said] [ARG1 0 a more aggressive move was n't needed *-1] .
- [ARG0 Traders] [rel said] [ARG1 0 hedging related * to the TVA pricing also pressured Treasury bonds] .
- `` [ARG1 Underwriters of the TVA bonds reduced their market risk by * selling Treasurys * to cover at least part of their -LCB- TVA -RCB- holdings] , '' [rel said] *T*-1 [ARG0 James R. Capra , a senior vice president at Shearson Lehman Government Securities Inc] .
- [ARG1 The TVA bonds also `` served *-1 to remind the market that there will be even more new supply] , '' [rel said] *T*-2 [ARG0 Lawrence N. Leuzzi , a managing director at S.G. Warburg Securities & Co] .
- [ARG0 The Office of Finance of the Federal Home Loan Banks] [rel said] [ARG1 0 it priced a four-part $ 2.27 billion *U* bond offering 0 for the banks to yield from 8.125 % to 8.375 % *U*] .
- `` [ARG1 Bond investors were hoping that stock prices would continue *-1 to fall] , '' [rel said] *T*-2 [ARG0 Roger Early , a vice president at Federated Investors Inc. , Pittsburgh] .
- `` [ARG1 We are stewards here , not of the mortgage companies , but the taxpayers] , '' [rel said] *T*-1 [ARG0 the Texas Republican] .
- [ARG0 Jeffrey Nichols , president of APMS Canada , Toronto precious metals advisers ,] [rel said] [ARG1 0 there is little 0 *T*-1 to motivate gold traders to buy the metal] .
- `` [ARG1 Investors in the U.S. and Europe are comfortable with the actions of the -LCB- Federal Reserve -RCB- in its willingness * to supply liquidity to financial system , which *T*-1 helped the stock market rebound on Monday] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 There is n't any rush on the part of investors in the West * to buy gold] , [ARG0 he] [rel said] 0 *T*-1 .
- `` [ARG1 They still bear the memory of October 1987 , when they bought gold after the stock market crashed and ended up *-2 losing money because gold prices subsequently fell *T*-3] , '' [ARG0 Mr. Nichols] [rel said] *T*-1 .
- [ARG1 At the moment gold traders are n't concerned about inflation] , [ARG0 he] [rel said] *T*-1 , and as for the dollar , `` gold 's association with the currency has been diminishing recently so drops in the currency are n't having much impact on gold . ''
- [ARG0 Dinsa Mehta , chief bullion trader for Chase Manhattan Bank ,] [rel said] : `` [ARG1 There is little incentive on the part of traders 0 * to sell gold *T*-1 because the stock market may go lower and gold may retain some of its ` flight to safety ' quality] .
- [ARG1 The most remarkable feature about yesterday 's action was that the price of roughly $ 370 *U* an ounce was regarded *-1 as attractive enough by gold producers around the world * to aggressively sell gold] , [ARG0 Mr. Mehta] [rel said] *T*-2 .
- `` [ARG1 I do n't know what it means *T*-1 over the long run , but for the short term , it appears that gold producers are grateful for the $ 10 *U* or so that gold has risen *T*-2 over the past week or so] , '' [ARG0 he] [rel said] *T*-3 .
- `` [ARG1 The dollar has n't reacted much to it , so gold has n't *?* either] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 Japan is perceived *-1 as a wealthy nation that *T*-2 can turn elsewhere in the world market and buy the sugar] , '' [ARG0 the analyst] [rel said] *T*-3 .
- [ARG1 It was the possibility of this demand that *T*-1 helped firm prices] , [ARG0 the analyst] [rel said] *T*-2 .
- [ARG1 The March futures contract traded as high as 14.24 cents , but could n't sustain the advance] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 December delivery gold is trading in a range of $ 365 to $ 375 *U* -LCB- an ounce -RCB- and is having difficulty * breaking out above that] , '' [ARG0 Mr. Savaiko] [rel said] *T*-1 .
- [ARG0 Moody 's] [rel said] [ARG1 0 it is assessing the strategies 0 Ryder 's management may follow *T*-1 in * addressing significant challenges in some major markets] .
- [ARG0 The rating agency] [rel said] [ARG1 0 it is focusing especially on the transportation service company 's efforts * to control costs , improve margins and enhance its competitive position in its primary business , vehicle leasing and rental] .
- `` [ARG1 It helps us , and people feel better * talking to someone who *T*-1 's gone through the same thing] , '' [ARG0 an SBA official] [rel says] *T*-2 .
- `` [ARGM-ADV With the repeal of Section 89] , [ARG0 we] [ARGM-MOD can] [ARGM-ADV no longer] [rel say] [ARG1 0 they 're discouraging businesses from * offering health plans] , '' says *T*-1 Christine Russell , the Chamber of Commerce 's small-business advocate .
- `` [ARG1 With the repeal of Section 89 , we can no longer say 0 they 're discouraging businesses from * offering health plans] , '' [rel says] *T*-1 [ARG0 Christine Russell , the Chamber of Commerce 's small-business advocate] .
- Sen. Lloyd Bentsen -LRB- D. , Texas -RRB- was outraged after a private word to John Motley , lobbyist for the National Federation of Independent Business , resulted in [ARG0 a news release] [rel saying] [ARG1 that the Senate Finance Committee chairman would recommend repeal of Section 89] .
- `` [ARG1 I blew it] , '' [ARG0 Mr. Motley] [rel says] *T*-1 [ARGM-MNR apologetically] .
- [ARG0 The garage owners] [rel say] [ARG1 0 they would benefit because car owners would be less likely * to go back to dealers for the simpler repairs after two years] .
- [ARG0 They] [rel say] [ARG1 0 the longer the warranty , the longer customers will automatically return to new-car dealers , which *T*-1 then find non-warranty work that *T*-2 might otherwise go to repair shops] .
- [ARG0 Some 70 % of graduates who *T*-3 recently earned an M.B.A. degree] [rel say] [ARG1 0 they 'd prefer *-1 to work in *RNR*-2 or own *RNR*-2 a small company] , yet most take jobs with large concerns , says 0 *T*-4 a survey by the Foster McKay Group , a New York recruiting firm ... .
- Some 70 % of graduates who *T*-3 recently earned an M.B.A. degree say 0 they 'd prefer *-1 to work in *RNR*-2 or own *RNR*-2 a small company , yet [ARG1 most take jobs with large concerns] , [rel says] 0 *T*-4 [ARG0 a survey by the Foster McKay Group , a New York recruiting firm] ... .
- [ARG0 Banc One Corp.] [rel said] [ARG1 0 Frank E. McKinney plans *-1 to retire as the bank holding company 's president effective Jan. 12] .
- [ARG0 Banc One] [rel said] [ARG1 0 `` it *EXP*-1 is contemplated *-2 '' that John B. McCoy , chairman and chief executive officer , will assume the additional position of president upon Mr. McKinney 's retirement] .
- [ARG0 The company] [rel said] [ARG1 0 Mr. McKinney plans *-2 to retire because the process of * affiliating American Fletcher into Banc One `` is considered *-1 completed] . ''
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it lowered ratings on about $ 650 million *U* of Beatrice Co. debt] , [ARGM-ADV * citing the closely held Chicago food concern 's proposed recapitalization] .
- [ARG0 The ratings concern] [rel said] [ARG1 0 it downgraded Beatrice notes , Euronotes and certain industrial revenue bonds to single-B-1 from Ba-3 and the company 's subordinated debentures to single-B-3 from single-B-2] .
- [ARG0 Moody 's] [rel said] [ARG1 0 the proposed recaptilization may `` limit the company 's ability * to realize its profit potential '' and that * paying dividends from a new series of preferred could squeeze `` basic business operations] . ''
- [ARG0 Beatrice , which *T*-1 went private in an $ 8.2 billion *U* leveraged buy-out in 1986 ,] [rel said] [ARGM-TMP last month] [ARG1 that it might borrow again * to help pay investors as much as $ 983 million *U* in preferred stock and debt securities] .
- In [ARGM-TMP February 1989] , when [ARG0 the Soviets] [rel said] [ARG1 0 they had completed their pullout] *T*-1 , the U.S. cut it further .
- [ARG0 Gen. Gromov himself] [rel said] [ARG1 0 Soviet troops expected *-1 to leave behind more than $ 1 billion *U* of military equipment and installations for the Kabul regime] .
- [ARGM-TMP Last summer] , [ARGM-PNC in response to congressional criticism] , [ARG0 the State Department and the CIA] [rel said] [ARG1 0 they had resumed military aid to the resistance months after it was cut *-3 off] ; but it *EXP*-2 is not clear how much *T*-5 is being sent *-4 or when it will arrive *T*-1 .
- [ARG0 Soviet leaders] [rel said] [ARG1 0 they would support their Kabul clients by all means necessary] -- and did *?* .
- [ARG0 The U.S.] [rel said] [ARG1 0 it would fully support the resistance] -- and did n't .
- `` We want *-5 to complain , [ARG0 we] want *-4 to [rel say] [ARG1 something about it] , and we 're going *-3 to *?* as it gets worse , '' says *T*-2 Rep. Dan Burton , an Indiana Republican who *T*-1 has been a staunch Contra backer .
- `` [ARG1 We want *-5 to complain , we want *-4 to say something about it , and we 're going *-3 to *?* as it gets worse] , '' [rel says] *T*-2 [ARG0 Rep. Dan Burton , an Indiana Republican who *T*-1 has been a staunch Contra backer] .
- [ARG0 Mr. Burton] [rel says] [ARG1 0 conservatives ' unhappiness with Mr. Bush 's cautious handling of the recent unsuccessful coup in Panama will make them more willing * to speak out] .
- And just last week , Defense Secretary Dick Cheney gave [ARG0 a strong speech] listing `` compelling reasons '' 0 * to push ahead with SDI *T*-1 and [rel saying] [ARG1 0 he 'd urge President Bush *-2 to veto a defense bill with `` inadequate '' funding for the program] .
- `` [ARG1 The short of it is that the most hard-bitten among us can not get into too sour a mood with communism collapsing] , '' [rel says] *T*-2 [ARG0 Mitchell Daniels , a former Reagan White House aide who *T*-1 now is president of the Hudson Institute] .
- [ARGM-DIS But] [ARG0 they] [rel say] [ARG1 0 they ca n't make much headway because of a lack of willing leaders in a position 0 * to turn the tide *T*-1] .
- `` [ARG1 The programs have arthritis] , '' [rel says] *T*-1 [ARG0 Rep. Henry Hyde , a conservative Republican from Illinois] .
- [ARGM-DIS Above all] , [ARGM-DIS though] , [ARG0 proponents] [rel say] [ARG1 0 neither the Contra nor the SDI cause can be pushed *-1 much further without more presidential support] .
- `` [ARG1 For there to be wind in the sails of any program , the chief executive has *-1 to be blowing in the sails] , '' [rel says] *T*-2 [ARG0 Rep. Burton] .
- Yet , he asserts , `` you look around ... and [ARG0 you] [rel say] , ` [ARG1 Who *T*-1 are the leaders ?]
- `` [ARG1 What I 'd like *-1 to see *T*-3 , if he is up to it , is for Reagan to take to the hustings *-2 to regenerate enthusiasm for SDI] , '' [ARG0 the congressman] [rel says] .
- [ARG1 Rights on such a basis , whether for blacks or homosexuals ,] are `` mere indulgences , '' [ARG0 he] [rel said] 0 *T*-2 , subject to * being taken *-1 back .
- [ARG0 He] [rel says] [ARG1 0 the title of his speech was *-1 to make his point that Americans have rights as individuals , not as members of certain select groups] .
- [ARGM-ADV Instead of * lobbying for special treatment] , [ARG0 Mr. Allen] [rel said] [ARG1 that homosexuals and others should try *-2 to ensure equal treatment under the law and not aim for special privileges that *T*-1 would risk `` invidious retrenchment with government complicity] . ''
- [ARG0 Commissioner Mary Francis Berry] [rel said] [ARG1 0 it was `` another sad episode in the saga of the unguided missile who *T*-1 is chairman] . ''
- [ARG0 He] [rel said] [ARG1 that other participants in the conference `` do not believe that the rights of Americans should be guaranteed *-1 to citizens who *T*-2 are homosexual , '' but that `` I mean *-3 to persuade you to the opposite view] . ''
- [ARG0 Bearings Inc.] [rel said] [ARG1 0 its chairman , John R. Cunin , will retire as an officer of the company on Jan. 2] .
- [ARG0 Officials] [rel said] [ARG1 0 91 companies from 14 countries , including the U.S. , had displays , down from about 260 firms from more than 20 countries at the last show in]
- [ARG0 The newspaper Leninskoye Zamya] [rel said] [ARG1 0 the committee decided 0 the plan * to parcel out economic powers previously exercised * by Moscow to the country 's 15 republics `` does n't reflect the radical changes in the Soviet federation] . ''
- [ARG0 Scott Paper Co.] [rel said] [ARG1 0 it is abandoning a proposed $ 650 million *U* tree-farming project in Indonesia because it no longer expects *-1 to use as much eucalyptus pulp as * previously anticipated] .
- [ARG1 The auction house , known * for its sales of top-drawer 19th and 20th century works , is providing `` a service to clients who *T*-1 do n't want *-2 to sell just their fabulous oil paintings] , '' [rel says] *T*-3 [ARG0 Villa Grisebach 's Vivien Reuter] .
- `` [ARG1 Everything has * to be the same between countries] , '' [rel says] *T*-2 [ARG0 Campo 's Stefan Campo , who *T*-1 is asking clients *-3 to sign protest petitions] .
- [ARG1 * Ending tax-free shopping in the European Community after 1992 could threaten more than 3,000 jobs] , [ARG0 the International Duty Free Confederation] [rel said] *T*-1 .
- [ARG0 Mr. Yanes] [rel said] [ARG1 0 the film , One Film , is currently carried at about 15,000 retail outlets , including drugstores and supermarkets] .
- [ARG0 Analysts] [rel said] [ARG1 0 the numbers were better than expectations , partly because of strong profit margins and a positive foreign-currency translation] .
- [ARGM-DIS However] , [ARG0 they] [rel said] [ARG1 0 the company 's flat revenue was a disappointment , and an indication that sales of Polaroid 's new conventional film in the U.S. have been sluggish] .
- `` [ARG1 I 'm somewhat skeptical about the underlying demand '' for Polaroid products] , [rel said] 0 *T*-1 [ARG0 Michael Ellmann , an analyst with Wertheim Schroder & Co] .
- [ARG0 Alex Henderson , an analyst with Prudential-Bache ,] [rel says] [ARG1 0 Polaroid officials told him yesterday that U.S. sales of the company 's new conventional film product , introduced * in the second quarter , have been `` disappointing '' after a promising start] .
- [ARG0 Sam Yanes , a Polaroid spokesman ,] [rel said] [ARG1 0 `` I do n't know about disappointing] , '' but added that the company has n't been able * to get the product on the shelves of some mass-merchandise , discount retailers that it had hoped 0 *T*-1 would be carrying the product already .
- `` [ARG1 Institutions are herding animals] , '' [rel says] *T*-2 [ARG0 Peter Anderson , who *T*-1 heads the pension-fund management arm of IDS Financial Services Inc] .
- [ARG1 These and other modern trading methods `` tend *-1 to promote dramatic shifts in assets] , '' [rel says] 0 *T*-2 [ARG0 George Douglas , first vice president at Drexel Burnham Lambert Inc] .
- One new investment style called * `` asset allocation '' shifts portfolio weightings between stocks , bonds and cash when [ARG0 computer models] [rel say] [ARG1 0 one is more attractive *T*-1] .
- [ARGM-DIS For instance] , [ARG0 First Quadrant Corp. , an asset allocator based * in Morristown , N.J. ,] [rel said] [ARG1 0 it quickly boosted stock positions in its `` aggressive '' accounts to 75 % from 55 % * to take advantage of plunging prices Friday] .
- [ARGM-DIS But] [ARG0 institutions] [rel say] [ARG1 0 Wall Street brokerage firms are less willing * to make markets] .
- [ARG0 Wall Street traders] [rel say] [ARG1 that , with institutional brokerage commissions far lower than in the 1970s , securities firms ca n't afford *-1 to take the risk of * buying too much stock] .
- `` [ARG1 I think 0 everyone 's a little more leery] , '' [rel says] *T*-1 [ARG0 Jack Baker , head of equity trading at Shearon Lehman Hutton Inc] .
- `` [ARG1 The institutions have driven -LRB- commission -RRB- rates down to the point where it *EXP*-1 makes no sense * to commit capital *T*-2] , '' [rel says] *T*-3 [ARG0 Tom Gallagher , senior executive vice president in charge of institutional trading at Oppenheimer & Co] .
- [ARG0 Many traders] [rel say] [ARG1 that `` circuit breakers '' put in place * to damp volatility after the 1987 crash actually added to volatility when the stock market plunged Friday *T*-1] .
- `` [ARG1 It 's madness -- that in an hour you can whack off so much value] , '' [rel says] *T*-1 [ARG0 Stanford Calderwood , chairman of Trinity Investment Management Corp. , Boston] .
- `` [ARG1 With the futures-trading halt , you could only sell stocks '' * to cut exposure to the market] , [rel says] 0 *T*-1 [ARG0 a money manager] .
- `` [ARG1 It was like they put you in a room with a gorilla and told you 0 there were three doors 0 * to exit *T*-2] , '' [rel said] *T*-1 [ARG0 one Chicago-based futures trader] .
- `` [ARGM-DIS Then] [ARG0 they] [rel said] , ` [ARG1 0 By the way , two of the doors are locked] . ' ''
- [ARG0 Some experts] [rel say] [ARG1 0 markets are n't as volatile as * widely assumed] .
- [ARG0 Hans Stoll , finance professor at Vanderbilt University ,] [rel says] [ARG1 0 the current volatility in U.S. markets pales in comparison to the 1930s , decades before derivative instruments such as options and futures were introduced *-1] .
- `` [ARG1 I just ca n't believe that the innovations in the financial market are causing any of this volatility] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-DIS In addition] , [ARG0 Sanford Grossman , a Wharton School finance professor ,] [rel says] [ARG1 0 volatile jumps in stock prices will continue as long as liquidity falls short of the voracious demands of institutions `` who *T*-1 can go out and say ` I have a billion dollars of stocks 0 * to sell *T*-2] . ' ''
- [ARG0 Richard Bernstein , senior quantitative analyst at Merrill Lynch & Co ,] [rel says] , [ARG1 0 `` My gut feel is that we 'll live with those swings for a while] . ''
- In addition , Sanford Grossman , a Wharton School finance professor , says 0 volatile jumps in stock prices will continue as long as liquidity falls short of the voracious demands of [ARG0 institutions] `` who *T*-1 [ARGM-MOD can] go out and [rel say] ` [ARG1 I have a billion dollars of stocks 0 * to sell *T*-2] . ' ''
- [ARG0 The National Aeronautics and Space Administration] [rel said] [ARG1 0 a computer virus has infected one of its networks and is spreading anti-nuclear messages related * to its Galileo space probe , which *T*-2 is *-3 to be launched *-1 today] .
- [ARG0 NASA] [rel said] [ARG1 0 the Galileo worm had n't affected its computers or the computers of other government agencies because they had modified their systems *-1 to reject worms] .
- But [ARG0 Mr. Redmond] [rel said] [ARG1 0 the worm hit universities that *T*-1 had n't elected *-2 to make the changes] .
- [ARG0 Michael Alexander , a senior editor at Computerworld , a trade publication ,] [rel said] [ARG1 0 he was told *-1 that the worm gets into a computer center by * looking for obvious passwords -- such as ones that *T*-2 are the same as the user 's name] .
- If it finds one and gets into the system , it will display [ARG0 a screen *ICH*-1] when a user logs on *T*-3 that *T*-2 [rel says] , `` [ARG1 Worms Against Nuclear Killers] ... .
- [ARG0 Charles Redmond , a NASA spokesman ,] [rel said] [ARG1 0 the agency discovered the virus on Monday on the collection of computer networks collectively called * Internet and expected 100 university centers to be infected *-1 by today] .
- [ARG1 If it finds one of those passwords] , [ARG0 Mr. Alexander] [rel said] 0 *T*-1 , the worm will do such things as *-2 change users ' passwords to a series of random numbers , * preventing them from * signing on to the network .
- [ARG0 NASA] [rel said] [ARG1 0 it will take about a week before it knows exactly how many centers of the 6,000 connected * to Internet *T*-2 were affected *-1 and the extent of the damage , if any] .
- [ARG0 NASA] [rel said] [ARG1 0 the Galileo worm had nothing 0 * to do *T*-1 with either delay] .
- [ARG0 Mr. Alexander of Computerworld] [rel said] [ARG1 0 hackers have gone after SPAN before] .
- [ARG0 He] [rel said] [ARG1 0 the Chaos Computer Club , of West Germany , once managed *-1 to invade SPAN and do such things as 0 * change the value of pi , * messing up some calculations] .
- [ARG0 Mr. Redmond] [rel said] [ARG1 0 the intruder had n't yet done any harm but the agency feared 0 `` garbage data could be substituted *-1 for real data] . ''
- [ARG1 In the lingo of computer security , the NASA intruder is technically a computer worm] , [ARG0 Mr. Redmond] [rel said] 0 *T*-1 .
- [ARG1 The Galileo worm apparently was hatched *-1 on a computer in France hooked up to NASA 's Space Physics Analysis Network] , [ARG0 Mr. Redmond] [rel said] 0 *T*-2 .
- [ARG0 The telecommunications , specialty glass , ceramic products and laboratory-services concern] [rel said] [ARG1 0 the latest quarter included a tax-loss carry-forward of $ 600,000 *U*] .
- [ARG0 Corning 's chairman and chief executive officer , James R. Houghton ,] [rel said] [ARG1 0 operating performance continued *-1 to be strong in the telecommunications and health and science segments] .
- [ARGM-ADV As for joint ventures] , [ARG0 Mr. Houghton] [rel said] [ARG1 0 profit was `` essentially flat '' due primarily to a slow recovery at Samsung-Corning Co. in Korea following a strike at a major customer and the disruption of shipments to China] .
- `` [ARG1 It was a very nervous day] , '' [rel said] *T*-1 [ARG0 John Geary , partner of the Big Board specialist firm Ziebarth , Geary] .
- `` [ARG1 We are in one of those phases where you are going *-3 to get a lot of volatile expiration action *T*-2] , '' [rel said] *T*-1 [ARG0 Donald Selkin , head of stock-index research at Prudential-Bache Securities] .
- [ARG1 Investors `` are buying stocks that *T*-1 have predictable earnings] , '' [rel said] 0 *T*-2 [ARG0 Edward J. Laux , head of block trading at Kidder Peabody] .
- `` [ARG1 These loans are more of a focus than lesser-developed-country debt now] , '' [rel said] *T*-1 [ARG0 William Bee , senior block trader at Prudential-Bache Securities] .
- [ARG0 Traders] [rel said] [ARG1 0 many of the sell programs are positions being established ahead of this Friday 's expiration] .
- [ARG0 Eastern] [rel said] [ARG1 0 it is ahead of schedule in * resuming its operations after * filing earlier this year for Chapter 11 bankruptcy protection , from which it expects *-2 to emerge early next year *T*-1] .
- `` [ARG1 The environment is a lot more trading-oriented] , '' [rel said] *T*-1 [ARG0 Gary Rosenbach , manager of equity trading at the OTC stock firm Needham & Co. in New York] .
- [ARG0 Bay Financial] , which *T*-1 [rel said] [ARG1 0 it may be forced *-2 to file under Chapter 11 if it ca n't reach an agreement *ICH*-3 with its lenders * to relieve its debt burden] , plunged 1 3\/8 to 2 1\/8 .
- [ARG0 Investment bankers and retailers] [rel said] [ARG1 0 the turmoil on Wall Street may benefit managers who *T*-1 plan *-2 to bid for U.S. retailing units of the British firm because takeover prices may not be as high as before the recent correction] .
- [ARGM-TMP On Monday] , [ARG0 the company , a provider of environmental consulting services ,] reported a wider fiscal fourth-quarter loss and predicted a loss for its fiscal 1990 first quarter , but [rel said] [ARG1 0 a profit is expected *-1 for all of fiscal 1990] .
- [ARGM-DIS But] [ARG0 its auditor , Ernst & Young ,] [rel said] [ARG1 0 Enviropact 's financial situation raises `` substantial doubt about its ability * to continue as a going concern] . ''
- [ARG0 Harold Jones , Lincoln 's chief retail banking officer ,] [rel said] [ARG1 0 there has n't yet been `` a discernible response , '' although the ad included a coupon that *T*-1 could arrive later in the week] .
- `` [ARG1 What *T*-3 happened in the stock market and the bigger trade deficit '' reported * yesterday `` make it *EXP*-2 unlikely that short-term interest rates will rise '' any time soon] , [rel said] *T*-1 [ARG0 Mr. Mehl of Banxquote] .
- `` [ARG1 Even before the market drop , rates were down about half a percentage point] , '' [rel said] *T*-1 [ARG0 Robert J. Hutchinson , senior vice president for retail marketing at Manufacturers Hanover Trust Co. in New York] .
- `` [ARG1 Banks want *-2 to remain competitive] , '' [rel said] *T*-1 [ARG0 Norberto Mehl , chairman of Banxquote] .
- `` [ARG1 Reports from branches are that there has been greater interest in the last day or so] , '' [rel said] *T*-1 [ARG0 Steven Braitman , a vice president at Chemical Bank in New York] .
- [ARG0 Chemical] [rel said] [ARG1 0 deposits Monday were about $ 5 million *U* higher than usual and it expects more activity as investors receive the proceeds from sales of stock] .
- [ARG0 Merc officials] [rel said] [ARG1 0 Gary N. Roberts was disciplined *-1 following the exchange 's investigation of his trading in several commodities pits from July to November 1988] .
- [ARG0 The Merc] [rel said] [ARG1 0 Mr. Roberts withheld from the market certain orders in cooperation with another trader , David Stein] .
- [ARG0 The Merc] [rel said] [ARG1 that as part of the disciplinary settlement , neither man admitted , nor denied the alleged violations] .
- [ARG0 TCI] [rel said] [ARG1 0 it may bring in other cable operators as investors , a practice 0 it has employed *T*-1 in the past with investments in other cable networks , such as The Discovery Channel] .
- `` [ARG1 This takes any question of Showtime 's viability and puts it away once and for all] , '' [ARG0 Mr. Biondi] [rel said] *T*-1 [ARGM-LOC in a telephone interview] .
- `` [ARG1 It *EXP*-1 is important to the cable industry that we have a vibrant and competitive pay-television marketplace] , '' [ARG0 Mr. Malone] [rel said] *T*-2 [ARGM-LOC in a statement] .
- [ARGM-LOC In a telephone interview] , [ARG0 Robert Thomson , TCI senior vice president ,] [rel said] [ARG1 0 Showtime 's suit against HBO `` does n't involve us , and nothing 0 we 're doing *T*-1 here bears any relationship to that] . ''
- [ARG0 A spokesman for the engineers] [rel said] [ARG1 0 the company asked the union *-2 to reduce its demands , which *T*-1 included a 19 % pay hike in the first year and 8 % in the second and third years] .
- `` [ARG1 It *EXP*-1 will take several meetings * to resolve this] , '' [rel said] *T*-2 [ARG0 a spokesman for the Machinists union] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 Mr. Edelman] [rel said] [ARG1 0 from Sept. 29 to Oct. 13 , he acquired 309,500 shares of Intelogic common shares for $ 2.25 to $ 2.375 *U* each] .
- [ARG0 The filing] [ARGM-DIS also] [rel said] [ARG1 0 certain provisions which *T*-2 apply to persons 0 *T*-4 acquiring 20 % or more of Intelogic common stock , were waived *-1 by Intelogic for Mr. Edelman , who *T*-3 is chairman of the company] .
- `` [ARG1 By * encouraging massive , routine , voluntary testing we can enable society to voluntarily segregate itself sexually into two groups : those who *T*-1 carry the virus and those who *T*-2 do not *?*] , '' [ARG0 the Indianapolis research organization] [rel said] *T*-3 [ARGM-LOC in a new report] .
- [ARGM-DIS But] [ARG0 the report] [rel says] : [ARG1 0 `` The only safe sex is sex between uninfected partners , '' and testing is the only way 0 * to learn of infection *T*-1] .
- [ARG0 Marc M. Goloven , an economist with Manufacturers Hanover Trust in New York ,] [rel said] [ARG1 that while the figures appear *-1 to indicate a sadly deteriorating U.S. trade performance , there 's still enough positive news *ICH*-2 in the data * to justify * buying dollars] .
- [ARG0 He] [rel said] [ARG1 that while the U.S. trade gap with Canada has widened significantly , the trade deficit with Western Europe and Japan continues *-1 to narrow] .
- [ARG0 They] [rel say] [ARG1 that the recent injection of liquidity into the U.S. banking system has been modest , and they do n't anticipate significant easing by the U.S. Federal Reserve] .
- [ARG0 Market participants] [rel said] [ARG1 that the mark continues *-1 to post the most significant gains against the dollar] .
- [ARG0 National Semiconductor Corp.] [rel said] [ARG1 0 it settled a four-year-old patent infringement case against Linear Technology Corp. by *-1 accepting a $ 3 million *U* payment from Linear in exchange for * granting Linear irrevocable licenses for all products involved *] .
- [ARG1 The two companies also agreed *-1 to settle any future property rights issues over the next 10 years through binding arbitration] , [ARG0 both companies] [rel said] 0 *T*-2 .
- [ARG0 The electronics concern] [rel said] [ARG1 0 it already has paid $ 2 million *U* of the settlement to National Semiconductor , Santa Clara , Calif. , and will pay the remaining $ 1 million *U* in equal installments over the next eight quarters] .
- [ARG0 Procter & Gamble Co. , Cincinnati ,] [ARGM-ADV * expanding its presence in the food service market] , [rel said] [ARG1 0 it acquired Maryland Club Foods , a coffee supplier , from an investor group led * by F. Philip Handy of Winter Park , Fla] .
- [ARG1 The acquisition `` gives us additional production capacity for the food service coffee business and a stronger distribution network] , '' [ARG0 a P&G spokesman] [rel said] 0 *T*-1 .
- [ARG0 The company] [rel said] [ARG1 0 the acquisition has been completed and reviewed by the Federal Trade Commission] .
- [ARG0 MACMILLAN BLOEDEL Ltd.] [rel said] [ARG1 0 it borrowed 215 million Dutch guilders -LRB- US$ 102 million *U* -RRB- from a group of Dutch institutional investors] .
- [ARG0 MacMillan Bloedel , a Vancouver , British Columbia , forest products concern ,] [rel said] [ARG1 0 the 8.1 % loan is due Oct. 16 , 1996] .
- [ARG1 Funds will be used *-1 *-3 to repay existing short-term debt and *-3 to finance capital spending] , [ARG0 it] [rel said] 0 *T*-2 .
- [ARG1 President Bush will veto a bill funding the Departments of Labor , Education and Health and Human Services because it would allow federal funding of abortions for victims of rape and incest] , [ARG0 the White House] [rel said] 0 *T*-1 .
- [ARG0 White House Press Secretary Marlin Fitzwater] [rel said] [ARG1 0 negotiations between Bush aides and lawmakers ended Monday without success] .
- [ARG0 Mr. Bush] has [rel said] [ARG1 0 he personally approves of abortions in the cases of rape , incest and danger to the life of the mother] .
- But he has opposed Medicaid funding of abortions for [ARG0 poor women] who *T*-2 [rel say] [ARG1 0 they are victims of rape and incest] , * arguing that those exceptions are enforced *-1 so loosely that they open the way for abortions for other women .
- [ARG0 Media General] [rel said] [ARG1 0 it has had inquiries from potential buyers and expects *-1 to complete a sale in 1989] .
- [ARG0 The managers] [rel said] [ARGM-LOC in a brief statement] [ARGM-TMP yesterday] [ARG1 that Morgan will help *-1 evaluate DFC 's position and help *-1 determine alternatives] .
- [ARG1 An experimental vaccine can alter the immune response of people infected * with the AIDS virus] , [ARG0 a prominent U.S. scientist] [rel said] 0 *T*-1 .
- `` [ARG1 The conventional wisdom used *-1 to be that you could n't modify the immune response of an infected individual '' by * innoculating them with synthetic viral proteins] , [ARG0 Dr. Redfield] [rel said] 0 *T*-2 .
- [ARG0 He] [rel said] [ARG1 0 certain volunteers developed kinds of antibodies associated * with early AIDS] .
- [ARG0 Cross & Trecker Corp.] [rel said] [ARG1 0 it reached an agreement * to sell its Wiedemann division to recently created Murata Wiedemann Inc. , a U.S. affiliate of Murata Machinery Ltd. of Kyoto , Japan] .
- [ARG0 Cross & Trecker , a Bloomfield Hills , Mich. , machine-tool maker ,] [rel said] [ARG1 0 the net sales price of the total transaction is $ 24 million *U*] .
- [ARG0 Cross & Trecker] [rel said] [ARG1 0 negotiations *ICH*-1 are under way for the sale of another company , RobertsCorp] .
- [ARG0 Citicorp] [ARGM-DIS also] [rel said] [ARG1 that the average rate fell to 7.986 % at its $ 50 million *U* auction of 182-day commercial paper from 8.1255 % at last week 's sale] .
- [ARG0 The French electronics and defense group] [rel said] [ARG1 0 attributable consolidated net profit for the first six months of 1989 totaled 244 million francs -LRB- $ 38.4 million *U* -RRB- , compared with 130 million francs -LRB- $ 20.5 million *U* -RRB- in the corresponding period of]
- [ARG0 Matra] [rel said] [ARG1 0 the sharp improvement in net profit partly reflected a decline of 59 million francs in the group 's net loss from nonrecurring items in the first half of this year to 104 million francs from 163 million a year earlier] .
- [ARG0 Matra] [rel said] [ARG1 0 the sharp rise in its first-half earnings was based *-1 on a 15 % gain in consolidated revenue to 10.16 billion francs from 8.85 billion a year earlier] .
- [ARG0 Rep. Lee Hamilton -LRB- D. , Ind . -RRB-] [rel said] [ARG1 0 he and Rep. Byron Dorgan -LRB- D. , N.D . -RRB- are backing away from their proposal * to make the Treasury Secretary a voting member of the Federal Reserve panel that *T*-1 sets monetary policy] .
- [ARG0 Rep. Hamilton] [rel said] [ARG1 0 the bill will be modified *-1 substantially *-2 to call for two meetings each year between the Fed 's open market committee and the Treasury Secretary , the chairman of the Council of Economic Advisers and the director of the Office of Management and Budget] .
- [ARG0 Rep. Hamilton] [rel said] [ARG1 0 the purpose of the meetings would be * to `` improve communications and perhaps coordination between the executive branch and the Fed] . ''
- [ARG0 B.F. Goodrich Co.] [rel said] [ARG1 0 third-quarter profits dropped 34 % because of lower prices for polyvinyl chloride materials , the company 's largest product group] .
- [ARG1 Polyvinyl chloride capacity `` has overtaken demand and we are experiencing reduced profit margins as a result] , '' [rel said] 0 *T*-1 [ARG0 John D. Ong , chairman and chief executive] .
- [ARG1 Prices for general-purpose PVC resin have dropped more than 15 % since last December] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Fiat S.p . A. , Italy 's leading industrial group , is conducting `` concrete '' talks with West Germany 's Daimler-Benz AG on a series of projects in the aerospace sector] , [ARG0 Fiat officials] [rel said] 0 *T*-1 .
- [ARGM-DIS However] , [ARG0 the officials] [rel said] [ARG1 0 it *EXP*-1 was too early * to disclose the nature of the proposed projects or indicate when the talks might be concluded *-2 *T*-3] .
- `` [ARG1 While Mr. Reuter 's comments please us very much , there currently are no talks in progress regarding the automotive industry] , '' [ARG0 a Fiat spokeswoman] [rel said] *T*-1 .
- [ARGM-LOC In the interview] , [ARG0 Mr. Reuter] [rel said] [ARG1 0 he is thinking foremost of cooperation in the truck sector , but `` in the long run , I do n't want *-1 to rule out that we can also come a bit closer in personal cars] . ''
- [ARG0 Roberto Morelli , Italy analyst for County Natwest Securities in London ,] [rel said] [ARG1 that right now `` the market is n't being influenced *-1 by that kind of news] , '' [ARGM-ADV * referring to the conditional nature of the talks mentioned * by Mr. Reuter and by the uncertainty surrounding world stock exchanges this week] .
- [ARG1 He has also agreed *-2 to become president of a new subsidiary 0 *T*-3 to be formed *-1 * to make future acquisitions] , [ARG0 the company] [rel said] 0 *T*-4 .
- [ARGM-TMP At the moment] , [ARG0 Ford executives] [ARGM-MOD will] [rel say] [ARG1 little beyond * reiterating their desire * to raise Ford 's Jaguar stake to about 15 %] .
- `` [ARG1 I think 0 Ford is going *-2 to come out with full guns blazing] , '' [ARG0 Mr. Reitman] [rel says] *T*-1 .
- [ARG1 Then] , [ARG0 Mr . Will] [rel says] , `` 0 you get a bidding war between two very rich , very determined international companies . ''
- `` [ARG1 There 's quite a bit of value left * in the -LCB- Jaguar -RCB- shares here even though they have run up '' lately] , [rel says] 0 *T*-1 [ARG0 Doug Johnson , a fund manager for Seattle-based Safeco Asset Management] .
- `` [ARG1 Ford 's appetite * to attack -LCB- Jaguar -RCB- could gradually wane over time , particularly if Saab is a reasonably attractive proposition] , '' [rel says] *T*-1 [ARG0 John Lawson , an auto analyst at London 's Nomura Research Institute] .
- `` [ARG1 I thought 0 the probabilities of -LCB- a bidding war -RCB- happening were less] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 GM is likely * to reach the cooperative operating pact 0 it has been seeking *T*-1 in about two weeks] , [ARG0 knowledgeable individuals] [rel say] 0 *T*-2 .
- `` [ARG1 This is an exceptionally odd takeover battle] , '' [rel says] *T*-1 [ARG0 London analyst Christopher Will of Shearson Lehman Hutton] .
- [ARG1 Mr. Sloan plans *-1 to remain on the board until his current term expires in April 1991] , [ARG0 a Lance spokesman] [rel said] 0 *T*-2 .
- [ARG0 Newport Electronics Inc. of Santa Ana , Calif. ,] [rel said] [ARG1 0 Milton B. Hollander , who *T*-1 holds a 49.4 % stake , requested a special shareholders ' meeting next Wednesday * to remove four current directors and elect an alternative slate] .
- [ARG0 Newport] [rel said] [ARG1 0 Mr. Hollander is asking shareholders *-1 to retain only one director , James R. Lees , a Newport vice president] .
- [ARG1 The board is n't proposing a slate of its own and the other four current directors do n't want *-1 to serve beyond the special meeting date] , [ARG0 Newport] [rel said] 0 *T*-2 .
- [ARG1 Mr. Hollander `` is the new owner and wants *-1 to exercise control] , '' [rel said] [ARG0 Barret B. Weekes , Newport 's chairman] .
- [ARG0 Sandoz AG , a major Swiss chemical and pharmaceutical group ,] [rel said] [ARG1 that its group sales rose 25 % to 9.482 billion francs -LRB- $ 5.80 billion *U* -RRB- in the first nine months of this year , with strong gains in all divisions] .
- [ARG0 Sandoz] [rel said] [ARG1 0 it expects a `` substantial increase '' in consolidated profit for the full year , * barring major currency rate changes] .
- [ARG0 Microsoft officials] [rel said] [ARG1 0 the strong results also reflected continuing high demand for its software applications and operating systems] .
- [ARGM-DIS But] [ARG0 the company] [rel said] [ARG1 0 that trend was offset *-1 in the first quarter by better economies of scale and efficiencies in manufacturing] .
- [ARG0 Control Data] [rel said] [ARG1 0 it expects its first RISC-based mainframe machine * to be introduced *-1 next year] .
- [ARG1 The accord with MIPS calls for Control Data to share its expertise in data storage] , [ARG0 the companies] [rel said] 0 *T*-1 .
- [ARG0 Control Data] [ARGM-DIS also] [rel said] [ARG1 0 it is developing what it called *T*-1 a `` supermainframe '' computer , the Cyber 2000 , intended * for scientists , engineers and other users of generalpurpose high-performance computers] .
- [ARG0 FDIC Chairman Seidman] [rel said] [ARG1 that Lincoln Savings & Loan of California should have been seized *-1 in 1986 * to contain losses 0 he estimated 0 *T*-2 will cost taxpayers as much as $ 2 billion *U*] .
- [ARG0 Integrated Resources] [rel said] [ARG1 0 talks *ICH*-2 have ended with another potential buyer of its core businesses] .
- [ARGM-TMP Meanwhile] , [ARG0 investor Marvin Davis] [rel said] [ARG1 0 he remains interested in UAL , but he dropped his earlier $ 300-a-share *U* back-up bid] .
- [ARGM-DIS However] , [ARG0 director Thomas O'Rourke] has [rel said] [ARG1 0 he wo n't seek re-election at the company 's annual meeting next month] .
- [ARGM-LOC In a Securities and Exchange Commission filing] , [ARG0 BroadBeach] [rel said] [ARG1 0 it sold the 101,000 McGill shares for $ 7.3 million *U* in a private transaction on Oct. 12] .
- [ARG0 A BroadBeach spokeswoman] [rel said] [ARG1 0 the company sold the stock in the open market and thus could n't identify the buyer or buyers] .
- [ARG0 The Paris-based group] [rel said] [ARG1 0 its earlier projection -- that group profit for all of 1989 would be close to the 322.7 million francs posted * for 1988 -- remains valid] .
- [ARG0 Analysts] [rel said] [ARG1 0 Hachette 's earnings in the second half might be boosted *-1 by a capital gain from the sale of the Paris headquarters of a newspaper-delivery company that *T*-3 is 49 % owned *-2 by Hachette] .
- [ARG0 Oncor Inc. , Gaithersburg , Md. ,] [rel said] [ARG1 0 it received approval *ICH*-2 from the U.S. Food and Drug Administration * to market a genetic test that *T*-1 will assist in diagnosis and treatment of leukemia and lymph cancer] .
- [ARG1 The B\/T gene rearrangement test is more accurate than existing tests for * diagnosing the type of cancer , whether it has spread or whether there is a recurrence following treatment] , [rel said] 0 *T*-1 [ARG0 Oncor President Stephen Turner] .
- [ARG0 Mr. Turner] [rel said] [ARG1 0 the test initially will be used in conjunction with biopsies and other tests , but eventually might become the benchmark for tumor analysis] .
- [ARG0 Mr. Turner] [rel said] [ARG1 0 the test will be shipped *-1 in 45 days to hospitals and clinical laboratories] .
- [ARG0 Dr. Wyndham Wilson , a cancer treatment specialist at the National Cancer Institute ,] [rel said] [ARG1 0 the test is widely used in research centers but is n't having a major impact because it is only occasionally useful in * choosing the most effective treatment] .
- [ARG1 But the test may prove *-1 to be more sensitive in * determining whether a tumor has spread or returned following treatment] , [ARG0 Dr. Wilson] [rel said] 0 *T*-2 .
- `` [ARG1 We do n't know yet how useful it 's going * to be *T*-2] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 Oncor , a six-year-old developer of genetic medical tests , projects that the cancer test will help it * to post its first-ever profit during the first quarter of 1990] , [ARG0 Mr. Turner] [rel said] 0 *T*-1 .
- [ARG1 The company will charge $ 35 *U* for a test and projects about $ 2 million *U* in revenue from the test during the first 12 months of marketing] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Unilab Corp. , Norcross , Ga. ,] [rel said] [ARG1 0 it acquired the clinical laboratories of closely held Central Diagnostic Laboratory Inc. in a cash and securities transaction valued * at $ 85 million *U*] .
- [ARG0 Unilab] [rel said] [ARG1 0 its wholly owned MetWest Inc. unit paid $ 25 million *U* in cash , provided $ 30 million *U* in notes and $ 30 million *U* in preferred stock * to acquire Central 's labs in the Western U.S.] .
- [ARG1 Beyond *-2 removing a competitor , the combination should provide `` synergies] , '' [rel said] 0 *T*-1 [ARG0 Fred Harlow , Unilab 's chief financial officer] .
- [ARG0 Kurt Sanger , ABC Sports 's marketing director ,] [rel says] [ARG1 that now `` tens of thousands '' of fans call its 900 number each week *-1 to vote for the best punt return , quarterback sack , etc] .
- [ARG0 A spokesman] [rel said] [ARG1 0 its purpose is `` * to bolster the impression that NBC Sports is always there for people] . ''
- [ARG0 Diane Seaman , an NBC-TV vice president ,] [rel says] [ARG1 0 NBC has been able *-1 to charge premium rates for this ad time] .
- [ARG0 She] [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 what the premium is *T*-1] , but it 's believed *-2 to be about 40 % above regular daytime rates .
- `` [ARG1 We were able *-1 to get advertisers to use their promotion budget for this , because they get a chance 0 * to do couponing *T*-2] , '' [rel says] *T*-3 [ARG0 Ms. Seaman] .
- [ARG0 Mr. Parks of Call Interactive] [rel says] [ARG1 0 TV executives are considering the use of 900 numbers for `` talk shows , game shows , news and opinion surveys] . ''
- [ARG1 `` Hard Copy , '' the new syndicated tabloid show from Paramount Pictures , will use its 900 number for additional purposes that *T*-1 include research] , [rel says] 0 *T*-2 [ARG0 executive producer Mark B. von S. Monsky] .
- `` [ARG1 For a piece on local heroes of World War II , we can ask people *-2 to leave the name and number of anyone 0 they know *T*-3 who *T*-1 won a medal] , '' [ARG0 he] [rel says] *T*-4 .
- `` [ARG1 These are just baby steps toward real interactive video , which I believe 0 *T*-1 will be the biggest thing yet 0 *T*-2 to affect television] , '' [ARG0 he] [rel says] *T*-3 .
- Fox Broadcasting experimented with this concept last year when viewers of `` Married ... With Children '' voted on whether [ARG0 Al] [ARGM-MOD should] [rel say] [ARG1 `` I love you ''] to [ARG2-to Peg] [ARGM-TMP on Valentine 's Day] .
- `` [ARG1 A menu by phone could let you decide , ` I 'm interested in just the beginning of story No. 1 , and I want story No. 2 in depth] , '' [ARG0 Mr. Monsky] [rel says] *T*-1 .
- `` [ARG1 We 've been spending a lot of time in Los Angeles *-2 talking to TV production people] , '' [rel says] *T*-3 [ARG0 Mike Parks , president of Call Interactive , which *T*-1 supplied technology for both ABC Sports and NBC 's consumer minutes] .
- [ARG0 Integrated Resources Inc. , the troubled financial-services company that *T*-1 has been trying *-2 to sell its core companies *-3 to restructure debt ,] [rel said] [ARG1 0 talks with a potential buyer ended] .
- [ARG0 Integrated] did [ARGM-NEG n't] identify the party or [rel say] [ARG1 why the talks failed *T*-1] .
- [ARG0 Integrated] [rel said] [ARG1 that it would continue *-1 to pursue `` other alternatives '' *-2 to sell the five core companies and that a group of senior executives plans *-3 to make a proposal * to purchase three of the companies -- Integrated Resources Equity Corp. , Resources Trust Co. and Integrated Resources Asset Management Corp] .
- [ARG0 Integrated] [ARGM-DIS also] [rel said] [ARG1 0 it expects *-1 to report a second-quarter loss wider than the earlier estimate of about $ 600 million *U*] .
- [ARG0 The company] did n't disclose the new estimate but [rel said] [ARG1 0 the change was related *-3 to Integrated 's failure * to sell its core businesses , as well as `` other events , '' which it did n't detail *T*-1 , that *T*-4 occurred after its announcement *ICH*-2 last week that it was in talks with the unidentified prospective buyer] .
- [ARG0 Senate Democratic leaders] [rel said] [ARG1 0 they had enough votes 0 * to defeat a proposed constitutional amendment 0 *T*-2 to ban flag burning *T*-1] .
- [ARG0 Federal researchers] [rel said] [ARG1 0 lung-cancer mortality rates for people under 45 years of age have begun *-1 to decline , particularly for white males] .
- [ARG0 A White House spokesman] [rel said] [ARG1 that while Bush would n't alter a longstanding ban on such involvement , `` there 's a clarification needed * '' on its interpretation] .
- [ARG0 Black activist Walter Sisulu] [rel said] [ARG1 0 the African National Congress would n't reject violence as a way 0 * to pressure the South African government into concessions that *T*-1 might lead to negotiations over apartheid *T*-2] .
- [ARG0 An anonymous caller to a local radio station] [rel said] [ARG1 0 cocaine traffickers had slain the magistrate in retaliation for the extraditions of Colombians wanted * on drug charges in the U.S.] .
- [ARG0 Bush] vowed *-1 to veto a bill allowing federal financing for abortions in cases of rape and incest , *-1 [rel saying] [ARG1 0 tax dollars should n't be used *-2 * to `` compound a violent act with the taking of an unborn life] . ''
- [ARG0 The Hackensack , N.J. , company] [rel said] [ARG1 0 holders would receive for each $ 1,000 *U* face amount , $ 750 *U* face amount of a new issue of secured senior subordinated notes , convertible into common stock at an initial rate of $ 6.50 *U* a share , and 50 common shares] .
- [ARG0 Alpine , which *T*-1 said 0 it does n't plan *-2 to further extend the offer ,] [rel said] [ARG1 0 it received $ 615,000 *U* face amount of debt under the original offer] .
- [ARG0 Alpine] , which *T*-1 [rel said] [ARG1 0 it does n't plan *-2 to further extend the offer] , said 0 it received $ 615,000 *U* face amount of debt under the original offer .
- [ARG0 The blue-collar machinists , longtime rivals of the white-collar pilots ,] [rel say] [ARG1 0 the buyout would load the company with debt and weaken its finances] .
- [ARG0 Citicorp] , [ARGM-DIS for example] , [rel said] [ARGM-ADV only] [ARG1 that it had `` expressions of interest of a transaction from both the borrowers and the banks , '' but did n't have an agreement] .
- But [ARG0 he] gave few details on the progress toward a new bid , *-1 [rel saying] [ARGM-ADV only] , [ARG1 `` We are working toward a revised proposal for majority employee ownership] . ''
- [ARG0 Observers] [rel said] [ARG1 0 it appeared that British Air was angered *-1 at the way 0 the bid has degenerated into confusion *T*-3 , as well as by the banks ' effort 0 *T*-4 to round up financing for what one called *T*-5 `` a deal that *T*-2 is n't a deal] . ''
- [ARG0 A group of United 's noncontract employees] [rel said] [ARGM-LOC in a statement] , [ARG1 `` The fact that Wolf and other officers were going *-1 to line their pockets with literally millions of dollars while *-2 instituting severe pay cuts on the nonunion employees of United is not only deplorable but inexcusable] . ''
- [ARGM-LOC In his statement] , [ARG0 Mr. Wolf] [rel said] , [ARG1 `` We continue *-1 to believe 0 our approach is sound , and that it is far better for all employees than the alternative of * having an outsider own the company with employees paying for it just the same] . ''
- [ARG0 Mr. Kellner] [rel said] [ARG1 that despite losses on UAL stock , his firm 's health is `` excellent] . ''
- [ARGM-TMP Meanwhile] , [ARG0 Japanese bankers] [rel said] [ARG1 0 they were still hesitant about * accepting Citicorp 's latest proposal] .
- [ARG1 `` This is a total bloodbath '' for takeover-stock traders] , [ARG0 one investment banker] [rel said] 0 *T*-1 .
- [ARG0 Los Angeles financier Marvin Davis , who *T*-1 put United in play with a $ 5.4 billion *U* bid two months ago ,] last night proffered both a ray of hope and an extra element of uncertainty by *-2 [rel saying] [ARG1 0 he remains interested in * acquiring UAL] .
- But [ARG0 he] dropped his earlier $ 300-a-share *U* back-up bid , *-1 [rel saying] [ARG1 0 he must first explore bank financing] .
- [ARG0 Macmillan Inc.] [rel said] [ARG1 0 it plans a public offering of 8.4 million shares of its Berlitz International Inc. unit at $ 19 to $ 21 *U* a share] .
- [ARG0 Macmillan] [rel said] [ARG1 0 Berlitz intends *-1 to pay quarterly dividends on the stock] .
- [ARG0 The company] [rel said] [ARG1 0 it expects *-1 to pay the first dividend , of 12.5 cents a share , in the 1990 first quarter] .
- [ARG1 The total borrowing will be about $ 208 million *U*] , [ARG0 the company] [rel said] 0 *T*-1 .
- We hear , we may think , inner voices , but [ARG0 they all] seem *-1 to be [rel saying] [ARG1 the same thing] .
- [ARG0 Honeywell Inc.] [rel said] [ARG1 0 it hopes *-1 to complete shortly the first of two sales of shares in its Japanese joint venture , Yamatake-Honeywell , for about $ 280 million *U*] .
- [ARG1 Proceeds of the sale , expected * to be completed *-1 next week , would be used *-2 *-3 to repurchase as many as 10 million shares of Honeywell stock] , [ARG0 the company] [rel said] 0 *T*-4 .
- [ARG0 Honeywell] [rel said] [ARG1 0 it is negotiating the sale of a second stake in Yamatake-Honeywell] , but indicated 0 it intends *-1 to hold at least 20 % of the joint venture 's stock long term .
- [ARG0 Honeywell] [ARGM-TMP previously] [rel said] [ARG1 0 it intended *-1 to reduce its holding in the Japanese concern as part of a restructuring plan which also *T*-2 calls for a reduction of dependence on weapons sales] .
- [ARGM-TMP Yesterday] [ARG0 a spokeswoman] [rel said] [ARG1 0 the company was `` pleased with our progress '' in that regard and `` hopes *-1 to provide additional details soon] . ''
- [ARG0 Honeywell] [rel said] [ARG1 0 its Defense and Marine Systems group incurred delays in * shipping some undisclosed contracts during the third quarter , resulting in lower operating profit for that business] .
- [ARG1 The reason] , [ARG0 ad executives] [rel say] 0 *T*-2 , is that the entire magazine business has been soft -- and National Geographic has some quirks that *T*-1 make it especially unattractive during a soft market .
- [ARG1 Even though National Geographic offers far more readers than does a magazine like Smithsonian *?* , `` the page costs you an arm and a leg *-2 to develop any frequency] , '' [rel says] 0 *T*-1 [ARG0 Harry Glass , New York media manager for Bozell Inc] .
- [ARGM-DIS But] [ARG0 Ms. McCraw] [rel says] [ARG1 0 the magazine is fighting back] .
- [ARG0 Ms. McCraw] [rel says] [ARG1 0 she wants the campaign to help *-1 attract advertisers in 10 categories , including corporate , financial services , consumer electronics , insurance and food] .
- `` [ARG1 The ad campaign is meant *-1 to contemporize the thought of National Geographic] , '' [ARG0 she] [rel says] *T*-2 .
- [ARG1 WCRS Group hopes *-1 to announce , perhaps today , an agreement * to sell the majority of its ad unit to Paris-based Eurocom] , [ARG0 a European ad executive] [rel said] 0 *T*-2 .
- [ARG1 Advertisers do n't think of the magazine first] , [rel says] 0 *T*-2 [ARG0 Joan McCraw , who *T*-1 joined in April as national advertising director] .
- [ARG1 The study , by the CFTC 's division of economic analysis , shows that `` a trade is a trade] , '' [ARG0 a member of the study team] [rel said] *T*-1 .
- [ARG0 The CFTC] [rel said] [ARG1 0 it will propose the restrictions after the release of a study that *T*-1 shows little economic benefit resulting from dual trading and cites `` problems '' associated * with the practice] .
- [ARG1 Whether a trade is done *-1 on a dual or non-dual basis] , [ARG0 the member] [rel said] 0 *T*-2 , `` does n't seem *-3 to have much economic impact . ''
- [ARG0 A Merc spokesman] [rel said] [ARG1 0 the plan has n't made much difference in liquidity in the pit] .
- `` [ARG1 It 's too soon * to tell ... but people do n't seem *-1 to be unhappy with it] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 He] [rel said] [ARG1 0 he would n't comment on the CFTC plan until the exchange has seen the full proposal] .
- [ARG0 The exchanges] [rel say] [ARG1 0 liquidity becomes a severe problem for thinly traded contracts such as those with a long time remaining before expiration] .
- [ARG0 Lee Seidman of Cleveland] [rel says] [ARG1 0 Infiniti `` was a bear on interiors '' but at least let him retrofit an existing building -- without the stream] .
- [ARG0 Mr. Seidman] [rel says] [ARG1 0 he turned down a Lexus franchise in part because `` the building was gorgeous but very expensive] . ''
- [ARGM-DIS But] [ARG0 others] [rel said] [ARG1 0 pico should proceed] .
- `` It *EXP*-3 gave me great pride * to see [ARG0 the inventor of the microcassette in Japan] look at the pico and shake his head and [rel say] [ARG1 ` unbelievable] , ' '' says *T*-1 Mr. Jachmann .
- `` [ARG1 It *EXP*-3 gave me great pride * to see the inventor of the microcassette in Japan look at the pico and shake his head and say ` unbelievable] , ' '' [rel says] *T*-1 [ARG0 Mr. Jachmann] .
- [ARG0 One customer , Donald Blaggs of Mobile ,] [rel says] [ARG1 0 the Barrett Rake allowed him to do his lawn in 2 1\/2 hours , two hours less than usual] .
- [ARG0 Richard Mason , president of Ames Co. in Parkersburg , W. Va. ,] [rel says] [ARG1 0 the Barrett rake `` makes sense , '' but it would be `` tough '' 0 * to explain *T*-1 to consumers] .
- [ARG0 John Stoner , marketing director for True Temper Corp. , a subsidiary of Black & Decker ,] [rel says] [ARG1 0 people do n't want *-1 to move a leaf pile] .
- `` [ARG1 They either pick it up] , '' [ARG0 he] [rel says] *T*-1 , `` or they start *-2 pulling from a fresh direction . ''
- [ARG0 Nearly half of U.S. consumers] [rel say] [ARG1 0 they 'll pay up to 5 % more for packaging that *T*-1 can be recycled *-2 or is biodegradable] , according to a survey commissioned * by the Michael Peters Group , a design consultant .
- `` [ARG1 Infiniti has it down to the ashtrays] , '' [rel says] *T*-1 [ARG0 Jay Ferron , a partner at J.D. Power & Associates , an auto research firm] .
- [ARG0 Mr. Carter] [rel said] [ARG1 0 he would go to war * to stop anyone from * trying *-1 to grab Iran] .
- [ARGM-DIS Then] [ARGM-MNR suddenly] [ARG0 Ike 's ghost] came *-1 to visit and [rel said] , [ARG1 `` What the hell are you doing *T*-2 *-3 planning for a land war in Asia 12,000 miles away] ?
- [ARGM-DIS Predictably] , [ARG0 some Navy guys] [rel said] : [ARG1 `` Do we still need *-1 to keep all 18 Army divisions on active duty and all those extra land-based aircraft without bases and all those Army guys playing admiral in Tampa] ?
- [ARG0 Mr. Hall of the Colnaghi gallery] [rel says] [ARG1 0 $ 1.15 million *U* `` would have been an impossible price 0 for anyone to ask *T*-1 for a Preti four years ago] . ''
- [ARG0 Sotheby 's vice president Diana Levitt] [rel says] [ARG1 0 the auction house has been `` assisting '' Mr. Paul in *-1 selling the paintings] .
- [ARG0 Mr. Paul] [rel says] [ARG1 0 he had not one *RNR*-1 but four *RNR*-1 advisers and that he never bid impulsively] .
- [ARG1 The acquisitions] , [ARG0 officials] [rel said] 0 *T*-1 [ARGM-LOC in a letter to Mr. Paul] , were `` unsafe , unsound and unauthorized . ''
- [ARG0 He] [rel says] [ARG1 0 he expects *-2 to sell the collection -- including the controversial Rubens -- `` carefully and prudently , just as it was put *-1 together] . ''
- `` [ARG1 After a few years , you can argue 0 there has been natural appreciation] , '' [rel says] *T*-1 [ARG0 Susan Theran , the publisher of Leonard 's Annual Price Index of Art Auctions] .
- So far , Mr. Paul has unloaded but three of his masterpieces , [ARG0 he] [ARGM-MOD wo] [ARGM-NEG n't] [rel say] [ARG1 to whom] .
- [ARG0 Mr. Wachter] [rel says] [ARG1 0 Mr. Paul was a quick study who *T*-1 worked intensely and bought the best pictures available at the moment] .
- `` On occasion , he paid a high price , '' Mr. Wachter concedes 0 *T*-3 , [ARGM-DIS but] [ARG0 he] [rel says] [ARG1 0 those who *T*-1 bid less and dropped out were dealers who *T*-2 would then have marked up the paintings *-4 to resell them at a profit to collectors] .
- [ARG1 Sotheby 's] , [ARG0 she] [rel says] 0 *T*-1 , is `` wearing both hats . ''
- `` [ARG1 I ca n't see why there would be a conflict of interest *T*-1] , '' [rel says] *T*-2 [ARG0 Sotheby 's Ms. Levitt] .
- [ARG0 Mr. Paul] [rel says] [ARG1 that he has feelers out over much of the globe and that potential buyers from as far away as Japan and Italy have examined the collection] .
- [ARG0 One dealer , Martin Zimet of French & Co. in New York ,] [rel says] [ARG1 0 he `` would have loved *-1 to buy '' a Jan Davids de Heem painting from the bank] .
- [ARG0 The comptroller 's office] [rel says] [ARG1 0 it is `` monitoring the situation] . ''
- [ARG1 The media] , [ARG0 she] [rel says] 0 *T*-1 , have distorted his personal life .
- `` [ARG1 I do n't think 0 I have a life style that *T*-1 is , frankly , so flamboyant] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Mr. Paul] [rel says] , [ARG1 0 yes , the ceiling in his executive suite is gold-leaf inlay] .
- `` * Do [ARGM-NEG n't] [rel say] [ARG1 0 it 's a gold ceiling] .
- [ARG1 * Just say 0 the offices are tastefully appointed] , '' [ARG0 he] [rel says] *T*-1 .
- * [ARGM-ADV Just] [rel say] [ARG1 0 the offices are tastefully appointed] , '' he says *T*-1 .
- `` [ARG1 It 's not like * selling Chevrolets] , '' [ARG0 Mr. Paul] [rel says] *T*-1 , [ARGM-TMP as he takes a drag on a goldbanded St. Moritz cigarette] .
- [ARG0 Embittered shareholders -LRB- some of whom *T*-2 are suing -RRB-] [rel say] [ARG1 0 the chairman and his collection epitomize the excesses of speculation that *T*-1 set off the national S&L crisis] .
- [ARG0 Gallery directors] , [ARGM-TMP meanwhile] , [rel say] [ARG1 0 Mr. Paul and others of his ilk have left an indelible mark on the art world -- and not for the better] .
- [ARG0 Collectors] do [ARGM-NEG n't] [rel say] [ARG1 `` It 's a van Gogh ''] [ARGM-TMP anymore] , laments 0 *T*-1 Harry Brooks , the president of Wildenstein & Co. , a New York gallery .
- `` [ARG0 They] [rel say] , [ARG1 ` Johnny Payson got $ 53 million *U* for his , so certainly $ 10 million *U* is n't too much for mine] . '
- [ARGM-TMP Afterward] , [ARG1 Mr. Paul] is [rel said] by [ARG0-by Mr. Guterman] *-1 to have phoned Mr. Guterman , the New York developer selling the collection , and gloated .
- `` [ARG0 He] [rel says] [ARG1 0 he ` stole them] , ' '' recalls *T*-1 Mr. Guterman .
- `` [ARG1 It 's just not true] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Mr. Hall] [rel says] [ARG1 0 Mr. Paul `` was known *-1 to spend a lot of money] .
- `` [ARG1 *-4 An unknown quantity to most of the art world , Paul is no stranger to lavish spending] , '' [ARG0 the magazine] [rel said] *T*-2 , [ARGM-ADV *-3 noting that he does n't stop at paint on canvas but also spends big on art 0 you can eat *T*-1] .
- -LRB- [ARG0 Mr. Paul] [rel says] [ARG1 0 it was n't that high] . -RRB-
- [ARG0 Mr. Paul] [rel says] [ARG1 that at one point he did indeed have eight or nine of the paintings at home and that the rest were in storage at Sotheby 's] .
- [ARG0 David Tunick , the president of David Tunick Inc. , a New York gallery ,] [rel says] [ARG1 0 scholars question the authenticity of the Rubens] .
- `` [ARG1 The feeling among many experts on the commercial side is that the price paid * at the time was excessive in any event] , '' [ARG0 Mr. Tunick] [rel says] *T*-1 .
- [ARG1 Dealers contemptuous of the purchase price] , [ARG0 he] [rel says] 0 *T*-1 , were themselves interested in *-2 buying the Rubens but lost out .
- [ARG0 Mr. Paul] , for his part , defends the Rubens price , *-1 [rel saying] [ARG1 0 a lot of the experts have never seen the thing itself] .
- `` [ARG1 Most of them were n't even born the last time 0 the painting was displayed *-1 publicly *T*-2] , '' [ARG0 he] [rel says] *T*-3 .
- [ARG0 Amcast Industrial Corp.] [rel said] [ARG1 0 it plans *-1 to repurchase 500,000 shares , or about 7 % of its shares outstanding , in open market transactions] .
- [ARG0 Amcast] [ARGM-TMP previously] had [rel said] [ARG1 0 it planned *-1 to repurchase shares] , but did n't disclose when or how many shares it intended *-2 to buy *T*-3 back .
- [ARG0 CAE Industries Ltd.] [rel said] [ARG1 0 its Link Flight Simulation division was awarded *-2 a contract *ICH*-1 by the U.S. Army for two helicopter simulators , which the company valued *T*-3 at as much as 37 million Canadian dollars -LRB- US$ 31.5 million *U* -RRB-] .
- [ARG0 CAE] [rel said] [ARG1 0 the fixed price for the first of the AH-64 Apache combat mission simulators is C$ 19 million *U*] .
- [ARG1 The price of the second simulator] ranges between C$ 16.4 million *U* and C$ 18 million *U* , [ARG0 CAE] [rel said] 0 *T*-1 , * depending on when the Army exercises its option *T*-2 .
- [ARG0 Helionetics Inc.] [rel said] [ARG1 0 it agreed *-1 to team with a unit of Minneapolis-based Honeywell Inc. *-2 to provide power amplifiers for a new military sonar system being proposed * by Honeywell] .
- [ARG1 Total value of the contract could be $ 100 million *U*] , [ARG0 Helionetics] [rel said] 0 *T*-2 , and work on the project would be about evenly divided .
- [ARG0 This Los Angeles company and its Union Federal Savings Bank subsidiary] [rel said] [ARG1 0 more than 99 % of their 7 1\/4 % convertible subordinated debentures due 2011 were tendered *-1 for conversion into UnionFed common stock] .
- [ARG0 Reynolds Metals Co.] [rel said] [ARG1 0 third-quarter net income dropped nearly 10 % to $ 123.7 million *U* , or $ 2.10 *U* a share , from $ 137.2 million *U* , or $ 2.56 *U* a share , a year earlier] .
- [ARGM-DIS But] [ARG0 William O. Bourke , chairman and chief executive officer ,] [rel said] [ARG1 0 the ingot price `` appears *-1 to have bottomed out] . ''
- [ARG0 He] [rel said] [ARG1 0 shipments are continuing at a `` healthy '' pace and 0 the company has no excess inventory] .
- [ARG1 Aluminum shipments of 329,600 metric tons were nearly equal to the year-earlier period] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARGM-DIS Nevertheless] , [ARG0 the company] [rel said] [ARG1 that in the latest quarter there were increased material and labor costs , including a new employee profit-sharing plan] .
- [ARG0 The No. 1 domestic aluminum producer , Aluminum Co. of America ,] [ARGM-TMP Friday] [rel said] [ARG1 0 its earnings fell 3.2 % to $ 219 million *U* , or $ 2.46 *U* a share] .
- `` [ARG1 It 's a good indication that level of profitability has peaked for the industry] , '' [rel says] *T*-2 [ARG0 Vahid Fathi , metals analyst with Prescott , Ball & Turben Inc. , who *T*-1 had estimated 0 Reynolds would earn about $ 2.35 *U* a share] .
- [ARG0 The nation 's No. 2 aluminum company] [rel said] [ARG1 0 earnings were hurt *-1 by lower prices for certain fabricated aluminum products , which typically *T*-2 follow price fluctuations of primary ingots] .
- `` [ARG1 This is not a grossly overvalued market , but it 's not cheap either] , '' [rel says] *T*-1 [ARG0 George Collins , president of the mutual fund company T. Rowe Price Associates in Baltimore] .
- [ARG0 Bulls] [rel say] [ARG1 0 the market is an incredible bargain , *-1 priced at only about 12 times estimated 1989 earnings for stocks in the Standard & Poor 's 500 index] .
- [ARG1 The common view] , [rel says] 0 *T*-1 [ARG0 Abby Cohen , strategist for Drexel Burnham Lambert ,] is that there will be `` mild economic growth , modest profit expansion , and things are going *-2 to be hunky-dory .
- [ARG1 The market `` is going *-2 to wind down] , '' [rel says] 0 *T*-1 [ARG0 Gerald W. Perritt , a Chicago money manager] .
- `` [ARG1 I 've been two-thirds in cash since July , and I continue *-1 to think that * having a defensive position is appropriate] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 Generalizations about value are n't useful] , '' [rel says] *T*-1 [ARG0 New York money manager John LeFrere of Delta Capital Management] .
- [ARG0 Money manager Robert Ross , head of Duncan Ross Associates Ltd. in Vancouver , British Columbia ,] [rel says] [ARG1 0 stocks would have *-1 to fall 15 % to 20 % before they are competitive with less risky investment alternatives] .
- [ARG0 Fredric Russell , a money manager in Tulsa , Okla. ,] [rel says] [ARG1 0 Friday 's cave-in `` is going *-1 to have more of a permanent impact on the psyche of many investors than Wall Street would want *-2 to admit] . ''
- `` [ARG1 I still think 0 we will have a 3000 Dow , whether it 's six months *RNR*-3 or 12 months *RNR*-3 from now I do n't know *T*-1] , '' [rel says] *T*-2 [ARG0 David Dreman , managing partner of Dreman Value Management in New York] .
- [ARG0 Some investors] [rel say] [ARG1 0 Friday 's sell-off was a good thing , because it deflated a lot of crazy takeover speculation] .
- `` [ARG1 It was a healthy cleansing] , '' [rel says] *T*-2 [ARG0 Michael Holland , who *T*-1 runs Salomon Brothers Asset Management in New York] .
- `` [ARG1 The fundamentals are pretty strong] , '' [ARG0 Mr. Dreman] [rel says] *T*-1 .
- [ARG1 Friday 's big fall was `` just a blunder by the stock market] , '' [rel says] 0 *T*-1 [ARG0 John Connolly , chief strategist for Dean Witter] .
- [ARG1 Weakening corporate earnings] , [ARG0 they] [rel say] 0 *T*-1 , are no prescription for a bull market .
- `` [ARG1 Disappointing profits are likely *-1 to get worse in the next two quarters] , '' [rel says] *T*-2 [ARG0 Mary Farrell , a market strategist at PaineWebber] .
- [ARG1 Companies with steady earnings growth] could do well , [ARG0 she] [rel says] 0 *T*-1 , while others with high debt or poor earnings could see their shares decline far more than 10 % .
- [ARG1 `` The stock market ai n't going *-2 to do much of anything '' for a while] , [rel says] 0 *T*-3 [ARG0 John Neff of Wellington Management , who *T*-1 runs the $ 8.3 billion *U* Windsor Fund] .
- [ARG0 Mr. Neff] [rel says] [ARG1 0 the stock market has lost some powerful driving forces , namely earnings growth and the `` LBO sweepstakes '' -- buy-out fever that *T*-1 induced investors to bid up whole groups of stocks , such as media and airlines] .
- [ARGM-TMP After *-1 sitting with 20 % of his fund in cash before Friday 's sell-off] , [ARG0 Mr. Neff] [rel says] [ARG1 0 he bought `` a narrow list of stocks '' yesterday] .
- [ARGM-ADV With flat corporate profits on the horizon for 1990] , [ARG0 money managers] [rel say] [ARG1 0 price-earnings multiples that *T*-1 look cheap today might go on *-2 being cheap for a long time] .
- [ARG1 The turmoil on Wall Street may benefit some retailers attempting * to lead leveraged buy-outs of their specialty and department-store chains] , [ARG0 investment bankers and retailers] [rel said] 0 *T*-1 .
- Bankers believed in [ARG0 the greater-fool theory] that *T*-1 [rel says] [ARG1 0 somebody else is always willing *-2 to pay more] .
- `` [ARG1 * Having *-1 to take on less debt would certainly be an advantage] , '' [rel said] *T*-2 [ARG0 Mr. Leblang] .
- [ARG0 Managers at five chains] have [rel said] [ARGM-TMP in recent weeks] [ARG1 that they intend *-1 to bid for their companies] .
- `` [ARG1 It 's called bad money driving out good money] , '' [rel said] *T*-1 [ARG0 one retailing observer] .
- `` [ARG1 What *T*-2 's encouraging about this is that retail chains will be sold *-1 on the basis of their sales and earnings , not liquidation values] , '' [rel said] *T*-3 [ARG0 Joseph E. Brooks , chairman and chief executive officer of Ann Taylor Inc. , a specialty chain] .
- `` [ARG1 Prices for retail chains are lower today than they were *?* last week , which *T*-1 will help management] , '' [rel said] *T*-2 [ARG0 Gilbert Harrison , chairman of Financo Inc. , an investment-banking firm specializing in retailing acquisitions] .
- [ARG1 The combination of so many chains available for sale , the recent failures of such retailing LBO 's as Miller & Rhoads Inc. and declining investor confidence will drive down prices] , [ARG0 retailing observers] [rel said] 0 *T*-1 .
- `` [ARG1 The pricing will become more realistic , which *T*-1 should help management] , '' [rel said] *T*-2 [ARG0 Bruce Rosenthal , a New York investment banker with Nathan S. Jonas & Co] .
- [ARG0 Justin 's attorney , Charles E. Baxley ,] [rel said] [ARG1 0 Justin would ask an appeals court *-1 to set aside the order temporarily , pending an expedited appeal] .
- `` [ARG1 Their likelihood of * reversing us is very slim] , '' [rel said] *T*-2 [ARG0 Lewis H. Eslinger , Sony 's attorney , who *T*-1 said 0 he doubts 0 Justin will go ahead with a trial] .
- `` Their likelihood of * reversing us is very slim , '' said *T*-2 Lewis H. Eslinger , [ARG0 Sony 's attorney] , who *T*-1 [rel said] [ARG1 0 he doubts 0 Justin will go ahead with a trial] .
- [ARG0 CONTINENTAL MORTGAGE & EQUITY TRUST] [rel said] [ARG1 0 it will resume dividend payments with a 10-cent-a-share payout on Nov. 6 to shares of record Oct. 25] .
- [ARGM-ADV Despite continuing troubles with problem assets and nonperforming loans] , [ARG0 the trust] [rel said] [ARG1 0 it expects *-1 to be able *-2 to maintain or increase the rate of distributions because of operations of joint-venture properties] .
- [ARG0 MEDUSA Corp.] [rel said] [ARG1 0 it voluntarily prepaid $ 7 million *U* on its original $ 75 million *U* term loan , * bringing the total debt reduction for the year to $ 18 million *U*] .
- [ARG0 The cement producer] [rel said] [ARG1 0 the payment was made *-1 from excess cash flow] .
- [ARG0 NATIONAL INCOME REALTY TRUST] [rel said] [ARG1 0 it will resume dividend payments with a 12-cent-a-share dividend 0 *T*-2 to be paid *-1 Nov. 6 to shares of record Oct. 25] .
- [ARGM-ADV Despite continuing troubles with problem properties and nonperforming loans] , [ARG0 the Dallas trust] [rel said] [ARG1 0 it has rebuilt reserves , abandoned properties with little potential and experienced improved operating results from joint ventures] .
- [ARG0 MLX Corp.] [rel said] [ARG1 0 it reached a preliminary agreement *ICH*-1 with senior lenders to its refrigeration and air-conditioning group * to restructure the $ 188.5 million *U* of credit facilities 0 the lenders provide *T*-2 to the group] .
- [ARG0 MLX , which also *T*-4 makes aircraft and heavy-duty truck parts ,] [rel said] [ARG1 0 the debt was accumulated *-1 during its acquisition of nine businesses that *T*-3 make up the group , the biggest portion of which was related *-2 to the 1986 purchase of a Hillman Co. unit] .
- [ARG1 Among other things , the restructured facilities will substantially reduce the group 's required amortization of the term loan portion of the credit facilities through September 1992] , [ARG0 MLX] [rel said] 0 *T*-1 .
- [ARG0 William P. Panny , MLX chairman and chief executive ,] [rel said] [ARG1 0 the pact `` will provide MLX with the additional time and flexibility necessary * to complete the restructuring of the company 's capital structure] . ''
- [ARG0 Dow Jones & Co.] [rel said] [ARG1 0 it acquired a 15 % interest in DataTimes Corp. , a subsidiary of Oklahoma Publishing Co. , Oklahoma City , that *T*-1 provides electronic research services] .
- [ARG0 Flowers Industries Inc.] [rel said] [ARG1 0 it will report a charge of eight cents to 10 cents a share for its fiscal first quarter , ended Sept. 23 , from the sale of two bakeries , in High Point , N.C. , and Gadsden , Ala] .
- [ARG0 The convenience-food company] [rel said] [ARG1 0 it sold the bakeries to Mills Family Bakery for an undisclosed amount] .
- [ARG0 It] [rel said] [ARG1 0 the sales were part of a 1983 Federal Trade Commission Consent Order] .
- [ARG1 Raw-steel production by the nation 's mills decreased 0.8 % last week to 1,828,000 tons from 1,843,000 tons the previous week] , [ARG0 the American Iron and Steel Institute] [rel said] 0 *T*-1 .
- [ARG0 Dun & Bradstreet Corp. 's Market Data Retrieval unit] [rel said] [ARG1 0 it acquired School and College Construction Reports service from Intelligence for Education Inc] .
- [ARGM-DIS But] [ARG0 Bogdan Gumkowski , who *T*-1 runs the casino at Warsaw 's Marriott Hotel ,] [rel said] [ARG1 0 the ventures would help Poland service its $ 39 billion *U* foreign debt by * pouring dollars into the state firms in the joint ventures -- the LOT airline and Orbis tourist organization] .
- [ARG1 South Africa 's National Union of Mineworkers agreed *-1 to suspend the strike by diamond workers and resume negotiations with De Beers Consolidated Mines Ltd. over their wage dispute] , [ARG0 De Beers] [rel said] 0 *T*-2 .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 0 the union had agreed *-1 to meet the company for further talks tomorrow] .
- The strike at five De Beers mines began last Thursday , with 9,500 out of a total 10,000 NUM members employed * on De Beers mines participating , according to the union , while [ARG0 De Beers] [rel said] [ARG1 0 there were 7,800 participants] .
- [ARG0 West German Environment Minister Klaus Toepfer] [rel said] [ARG1 0 Bonn is convinced *-1 of the need for cooperation , `` especially with our neighbors in the East , because we are directly affected *-2 by their ecological progress or lack of it] . ''
- [ARG0 Editor Hasse Olsson] [rel said] [ARG1 0 plans had called for 7,000 copies of the monthly Are Paev -LRB- Business Paper -RRB- to be sold *-1 at newsstands and an additional 3,000 promotion issues to be sent *-2 by direct mail] .
- [ARG0 He] [rel said] [ARG1 0 13,000 more copies were sent *-1 to Estonia because of strong sales] .
- [ARG0 Angel Gurria , Mexico 's top debt negotiator ,] [rel said] [ARG1 0 the country 's creditor banks are responding positively to Mexico 's debt-reduction package] .
- [ARG1 An increasing number of banks appear *-1 to be considering the option under the deal whereby they can swap their Mexican loans for 30-year bonds with a face value discounted * by 35 % *T*-3] , [ARG0 Mr. Gurria] [rel said] 0 *T*-2 .
- [ARG1 China will spend $ 9.45 million *U* for urgent maintenance on Tibet 's Potala Palace , former home of the Dalai Lama] , [ARG0 the China News Service] [rel said] 0 *T*-1 .
- `` [ARG1 This city already has too many tourists , and it ca n't hold them all] , '' [rel says] *T*-1 [ARG0 Pierluigi Beggiato , the president of the Venice hoteliers association] .
- [ARG0 American Business Computer Corp.] [rel said] [ARG1 0 it privately placed 1,035,000 common shares at $ 2.50 *U* a share] .
- [ARG1 At that point domestic sales will slow down] , '' [rel says] *T*-1 [ARG0 Kim Yoon Kwon , director of marketing for Daewoo Motor] .
- `` [ARG1 We never thought 0 we 'd own a car] , '' [rel says] *T*-2 [ARG0 Kwang Ok Kyong , who *T*-1 just bought a Daewoo LeMans on a five-year loan] .
- `` [ARG1 We are very lucky *-1 to easily change an export loss to domestic plus] , '' [rel says] *T*-2 [ARG0 Hong Tu Pyo , managing director of domestic marketing for Hyundai Motor Co] .
- `` [ARG1 In the first hour , the real nervous folks came along] , '' [ARG0 a spokesman] [rel said] *T*-1 .
- [ARG0 Fidelity Investments , the nation 's largest fund company ,] [rel said] [ARG1 0 phone volume was more than double its typical level , but still half that of Oct. 19 , 1987] .
- `` [ARG1 It *EXP*-1 's a nice feeling * to know that things stabilized] , '' [rel said] *T*-2 [ARG0 Mr. Sherman , the 51-year-old co-owner of a discount department store] .
- [ARG1 Much of the money has been switched *-1 into money market funds] , [ARG0 fund executives] [rel say] 0 *T*-2 .
- [ARG1 The $ 1.1 billion *U* T. Rowe Price High Yield Fund was among the funds that *T*-1 borrowed during the Campeau crisis] , [rel says] 0 *T*-2 [ARG0 George J. Collins , president of T. Rowe Price Associates Inc] .
- [ARG1 That way] , [ARG0 Mr. Collins] [rel says] , `` We did n't have *-1 to sell securities in a sloppy market . ''
- [ARG1 Outflows since the close of trading Friday remain below one-third their level of two years ago] , [ARG0 Fidelity] [rel said] 0 *T*-1 .
- `` [ARG1 Two years ago , there was a lot of redemption activity and trouble with people getting through on the phone] , '' [rel said] *T*-1 [ARG0 Kathryn McGrath , head of the investment management division of the Securities and Exchange Commission] .
- [ARG0 Amcore Financial Inc.] [rel said] [ARG1 0 it agreed *-1 to acquire Central of Illinois Inc. in a stock swap] .
- [ARG1 Shareholders of Central , a bank holding company based * in Sterling , Ill. , will receive Amcore stock equal to 10 times Central 's 1989 earnings] , [ARG0 Amcore] [rel said] 0 *T*-1 .
- [ARG0 The Food and Drug Administration] [ARGM-TMP that day] [rel said] [ARG1 0 Bausch & Lomb could start *-1 selling them in the U.S.] .
- `` [ARG1 We have capital requirements] , '' [rel says] 0 *T*-1 [ARG0 Mr. Linsert] , `` so we have *-2 to go ahead '' with a planned $ 1.5 billion *U* private placement .
- [ARG1 Officers of the company , a health-care concern , `` were very discouraged on Friday and felt 0 they should n't go public ; we felt 0 they should *?*] , '' [rel says] 0 *T*-1 [ARG0 Sanford Robertson , partner in the banking concern] .
- `` [ARG1 We were just beginning *-1 to look at the increase in IPOs , *-1 seeing the light at the end of the tunnel] , '' [rel says] *T*-2 [ARG0 Frank Kline Jr. , partner in Lambda Funds , a Beverly Hills , Calif. , venture capital concern] .
- [ARG1 Companies planning * to go public `` are definitely taking a second look] , '' [rel says] 0 *T*-2 [ARG0 Allen Hadhazy , senior analyst at the Institute for Econometric Research , Fort Lauderdale , Fla. , which *T*-1 publishes the New Issues newsletter on IPOs] .
- [ARGM-DIS But] [ARGM-TMP now] , [ARG0 Peter Behrendt , president ,] [rel says] , `` [ARG1 We 're making decisions on a day-to-day basis] . ''
- [ARG1 *-1 Debt-free and profitable , the Boulder , Colo. , computer-products concern could borrow funds if it decides against an IPO now] , [ARG0 he] [rel says] 0 *T*-2 .
- [ARG0 KnowledgeWare Inc. , an Atlanta computer-software concern ,] [rel says] [ARG1 0 it is still planning *-1 to go ahead with its IPO this week or next -- unless conditions change] .
- `` [ARG1 It 's a wait-and-see situation right now] , '' [rel says] *T*-1 [ARG0 Terry McGowan , president] .
- [ARG0 William O'Donnell , president ,] [rel says] [ARG1 0 he still thinks 0 the IPO will succeed] .
- [ARG1 If it does n't *?*] , [ARG0 he] [rel says] 0 *T*-1 , the company would have *-2 to change its expansion timetable .
- [ARG1 In a sagging market , the Federal Reserve System `` might flood the market with funds , and that should bring interest rates down] , '' [rel says] 0 *T*-1 [ARG0 Leonard T. Anctil , vice president of the Bank of New England , Boston] .
- [ARG0 James G. Zafris , president of Danvers Savings Bank , Danvers , Mass. ,] [rel says] [ARG1 0 the market turmoil `` is an absolute non-event for small business] . ''
- `` [ARG1 The implication of an unsettled situation is that the thing could drop dramatically] , '' [rel says] *T*-2 [ARG0 Henry Linsert Jr. , chairman of Martek Corp. , a four-year-old biotechnology company that *T*-1 is planning a private placement of stock] .
- [ARG1 Instead , they could turn to * investing in smaller deals involving smaller companies] , [ARG0 he] [rel says] 0 *T*-1 .
- And [ARG0 William E. Wetzel Jr. , a University of New Hampshire management professor and director of Venture Capital Network Inc. ,] [rel says] [ARG1 0 the market 's gyrations will underline the investors ' lack of control in big stock investments] .
- [ARG1 This] will add to the appeal of small business , [ARG0 he] [rel says] 0 *T*-1 , where investors often have a degree of influence *T*-2 .
- [ARGM-TMP Earlier this month] , [ARG0 Staples Inc. , a Newton , Mass. , office-supplies discounter ,] [rel said] [ARG1 0 it would accelerate expansion plans nationwide and offer more of its stock to the public] .
- [ARG1 But with the company 's shares standing at $ 15 *U* yesterday , a new offering seems unlikely] , [ARG0 company officials] [rel say] 0 *T*-1 .
- [ARG1 Business , however , continues *-1 to be `` robust , '' and the stock market has n't affected the concern 's expansion plans] , [rel says] 0 *T*-2 [ARG0 Todd Krasnow , a senior executive] .
- [ARG0 Bay Financial Corp. , hurt * by high debts and deteriorating real estate investments ,] reported a wider loss for the fourth quarter and [rel said] [ARG1 0 it might be forced *-1 to seek a bankruptcy-court reorganization if it ca n't renegotiate its borrowings] .
- [ARG0 Bay] [rel said] [ARG1 0 a `` substantial part '' of its debt outstanding is in default as a result of inability * to sell certain properties quickly and lower-than-expected prices for sales made *] .
- [ARG0 The company] [rel said] [ARG1 0 its real estate portfolio is `` highly leveraged , '' while about two-thirds of its investments are n't income-producing] .
- [ARG0 The company] [rel said] [ARG1 0 it had a net loss in its fourth quarter ended June 30 of $ 36.2 million *U* , or $ 9.33 *U* a share , on revenue of $ 13.1 million *U*] .
- [ARGM-ADV Although it is having serious cash-flow problems] , [ARG0 Bay] [rel said] [ARG1 0 the fair-market value of its holdings , minus debt , was equal to $ 6.02 *U* a share at June 30 based on a recent appraisal] .
- TRW Inc. reported a 12 % decline in third-quarter net income , [ARGM-DIS but] [ARG0 the company] [rel said] [ARG1 that * excluding unusual gains in both quarters , operating profit rose 16 %] .
- [ARG1 Materials and production costs also rose] , [ARG0 TRW] [rel said] 0 *T*-1 .
- [ARG1 An acquisition accounted for half the sales rise] , [ARG0 TRW] [rel said] 0 *T*-1 .
- [ARG0 The electronics , automotive and aerospace concern] [rel said] [ARG1 0 third-quarter net was $ 60 million *U* , or 98 cents a share , down from $ 68 million *U* , or $ 1.11 *U* a share , a year earlier] .
- [ARG0 The company] [rel said] [ARG1 0 aerospace and defense sales were up 2 % for the quarter to $ 802 million *U* , and operating profit climbed 6 % to $ 61 million *U* , mainly because of improved program performance in spacecraft and advanced-technology contracts] .
- [ARG1 Automotive sales jumped 16 % to $ 791 million *U* , mainly because of higher sales of air bags and other passenger restraint systems] , [ARG0 TRW] [rel said] 0 *T*-1 .
- [ARG0 I] [ARGM-MOD ca] [ARGM-NEG n't] [ARGM-ADV even] [rel say] [ARG1 0 I made my own mistakes] .
- [ARG0 UGI Corp.] [rel said] [ARG1 0 its AmeriGas subsidiary completed the previously announced sale of its air separation plant and related assets in Waukesha , Wis. , to AGA Gas Inc. , Cleveland] .
- `` [ARG1 Irish and Soviet people are similar] , '' [rel says] *T*-1 [ARG0 Mr. Ovcharenko] .
- [ARG1 Moreover] , [ARG0 he] [rel says] 0 *T*-1 , Irish companies are small but spunky .
- `` [ARG1 We have *-1 to study their experience very well] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 That 's not all] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 There 's a revolution ahead of us that *T*-1 will ultimately change the way 0 we market and distribute steel *T*-2] , '' [rel says] *T*-3 [ARG0 William Dennis , vice president , manufacturing and technology , for the American Iron Ore and Steel Institute] .
- [ARG1 You have *-1 to beat everyone around the world] , '' [rel says] *T*-2 [ARG0 Mr. Dennis] .
- `` [ARG1 The technology revolution is going *-1 to be very threatening to established producers] , '' [rel says] *T*-2 [ARG0 Peter Marcus , an analyst with PaineWebber Inc] .
- [ARG0 An ebullient Kenneth Iverson , Nucor 's chairman ,] [rel says] [ARG1 0 the company 's plant eventually will make a ton of steel in 1.5 man hours , compared with four to six man hours at a conventional mill] .
- `` [ARG1 At this point , the minimill capacity wo n't make a great dent in the integrated market , but it does challenge them *-1 to develop new markets] , '' [rel says] *T*-2 [ARG0 James McCall , vice president , materials , at Battelle , a technology and management-research giant based * in Columbus , Ohio] .
- `` [ARG1 We said : ` We 've got a product : if you want it , you can buy it] , ' '' [ARG0 he] [rel says] *T*-2 , [ARGM-ADV *-3 adding : `` Now we 're figuring out what people need *T*-1 , and are going back *-4 to make it] . ''
- `` [ARG0 We] [rel said] : [ARG1 ` We 've got a product : if you want it , you can buy it] , ' '' he says *T*-2 , *-3 adding : `` Now we 're figuring out what people need *T*-1 , and are going back *-4 to make it . ''
- `` [ARG1 It 's like everyone climbing out of the QE II and getting into a lifeboat] , '' [rel says] *T*-1 [ARG0 John Jacobson , an analyst with AUS Consultants] .
- `` [ARG1 People think of the steel business as an old and mundane smokestack business] , '' [rel says] *T*-1 [ARG0 Mr. Iverson] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 the chief executive officer of a major Midwest steel company] : `` It 's damn worrisome . ''
- [ARG0 Mr. Crary] [rel said] [ARG1 0 testimony by Kodak 's patent counsel , Francis T. Carr of Kenyon & Kenyon , showed that `` he worked with Kodak continuously from the outset of the project '' in an effort * to avoid infringement] .
- `` [ARG1 Carr told Kodak on many occasions * to avoid various features because of Polaroid 's patent positions , '' and Kodak followed his advice in every instance] , [ARG0 Mr. Crary] [rel said] *T*-1 .
- But [ARG0 Irving Kayton , a patent expert at George Mason University School of Law who *T*-2 is familiar with the case ,] [rel said] [ARG1 0 the fact that seven patents were infringed *-1 `` suggests 0 that infringement was willful] .
- `` [ARG1 There 's nothing that *T*-1 says that people at Harvard Business school have *-2 to agree with each other] , '' [rel said] *T*-3 [ARG0 Mr. Buzzell] .
- `` There 's [ARG0 nothing] that *T*-1 [rel says] [ARG1 that people at Harvard Business school have *-2 to agree with each other] , '' said *T*-3 Mr. Buzzell .
- [ARG1 You might find something , but the chances are low] , '' [rel said] *T*-1 [ARG0 Michael Ellman , an analyst at Wertheim Schroder & Co] .
- And [ARG0 Eugene Glazer , an analyst at Dean Witter Reynolds Inc. ,] [rel said] : [ARG1 `` If you hired an attorney 0 *T*-1 to be there all the time and give you a -LRB- prediction -RRB- of the eventual award , I would be willing *-2 to bet that he would be off '' by a lot] .
- [ARG0 International Business Machines Corp.] [rel said] [ARG1 0 earnings tumbled 30 % in the third quarter , even a bit further than * expected *-1 , * rendering the outlook doubtful for the next few quarters] .
- `` [ARG1 I think 0 1990 will be another mediocre year] , '' [rel said] *T*-1 [ARG0 Steve Milunovich of First Boston] .
- [ARG0 Mr. Stevens] [rel said] [ARG1 0 he kept a `` buy\/hold '' recommendation on the stock only because `` all the damage has been done *-1] . ''
- [ARG0 He] [rel said] [ARG1 0 the stock has n't traded below 1 1\/2 times book value *ICH*-3 over the past 10 years , which at the moment *T*-1 computes to a stock price of $ 100 *U*] .
- `` [ARG1 A key part of the question is , how soon does this disk-drive come *T*-1 and how soon does production ramp up *T*-2] ? '' [rel said] *T*-3 [ARG0 Steve Cohen at SoundView Financial Group] .
- [ARGM-ADV On leasing] , [ARG0 Bob Djurdjevic at Annex Research] [rel said] [ARG1 0 he thinks 0 IBM has hurt itself unnecessarily] .
- [ARG0 He] [rel said] [ARG1 0 IBM has priced its leases aggressively , *-1 thinking 0 that would help *-2 win business] .
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 IBM would have won the business anyway as a sale to a third party that *T*-1 would have then leased the equipment to the customer] .
- [ARG0 He] [rel said] [ARG1 0 IBM has not only hurt its short-term revenue outlook but has also been losing money on its leases] .
- [ARG0 Bob Bardagy , executive vice president of marketing at Comdisco Inc. , a huge leasing firm ,] [rel said] : [ARG1 `` * To put it mildly , IBM Credit has been doing some of the worst economic deals of any leasing company 0 we have ever seen *T*-1] . ''
- But the AS\/400 , IBM 's highly successful minicomputer line , is losing its momentum , and [ARG0 some analysts] [rel said] [ARG1 0 sales could even decline in the fourth quarter] .
- [ARG0 The company] [rel said] [ARGM-LOC in a statement] [ARG1 that `` demand for IBM products and services continues *-1 to be good world-wide] .
- [ARG0 PepsiCo Inc. 's chairman] [rel said] [ARG1 0 he is `` more than comfortable with '' analysts ' estimates that third-quarter earnings rose to at least 98 cents to $ 1 *U* a share from 91 cents the year earlier] .
- [ARG0 PepsiCo] [rel said] [ARG1 0 its soft-drink prices were about 2 % higher in the quarter] .
- [ARG1 Snack-food tonnage increased a strong 7 % in the third quarter , while domestic profit increased in double digits] , [ARG0 Mr. Calloway] [rel said] 0 *T*-1 .
- [ARG1 The new product has performed well in a market test in Las Vegas , Nev.] , [ARG0 Mr. Calloway] [rel said] 0 *T*-1 .
- [ARGM-TMP So far] , [ARG0 analysts] have [rel said] [ARG1 0 they are looking for $ 3.30 to $ 3.35 *U* a share] .
- [ARG0 The official] [rel said] [ARG1 0 he also would be comfortable with that new range] .
- [ARG0 The company] [rel said] [ARG1 0 third-quarter sales are expected *-1 to increase 25 % from $ 3.12 billion *U* of last year 's third quarter] .
- [ARG0 The White House] [rel said] [ARG1 0 Ms. Hesse , a Chicago businesswoman who *T*-1 previously held posts at the Energy Department and FERC , is leaving *-2 to become a vice president of First Chicago Corp] .
- [ARG0 Administration officials] [rel said] [ARG1 0 a date for Ms. Hesse 's departure has n't been set *-1] .
- [ARG0 CALIFORNIA REAL ESTATE INVESTMENT Corp.] [rel said] [ARG1 0 its directors declared a dividend of five cents per Class A common stock payable Nov. 6 to stock of record Oct. 16] .
- [ARG0 The company] [rel said] [ARG1 0 it hopes *-1 to resume its schedule of regular quarterly dividends at the end of this year] .
- [ARG0 Hydro-Quebec] [rel said] [ARG1 0 it notified Central Maine Power Co. 0 it will cancel a $ 4 billion *U* contract * to supply electricity to the Maine utility] .
- [ARG0 Central Maine] [rel said] [ARG1 0 it is evaluating `` many energy options '' 0 * to make up for the lost future power *T*-1 , including new energy generation and management proposals from New England , and possibly new Canadian purchases] .
- [ARG0 The provincially owned utility] [rel said] [ARG1 0 it is tearing up the deal because `` the contract 's objectives ca n't be fulfilled *-1] . ''
- [ARG0 Hydro-Quebec] [rel said] [ARG1 0 Maine regulators ' refusal * to approve the contract earlier this year halted work on transmission lines and stopped negotiations for resale of electricity carried * through Maine to other utilities] .
- `` [ARG1 It would now be physically impossible * to begin deliveries in 1992] , '' [ARG0 a Hydro-Quebec official] [rel said] *T*-1 .
- [ARG0 Hydro-Quebec] [rel said] [ARG1 0 Maine regulators ' refusal * to approve the contract means 0 Central Maine Power has lost its place in line] .
- `` [ARG1 We wo n't sign any new contracts -LCB- with deliveries -RCB- beginning earlier than 2000] , '' [ARG0 the Hydro-Quebec official] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 Hydro-Quebec already has some `` customers *ICH*-2 in mind '' for the power that *T*-3 was *-4 to be delivered *-1 to Maine] .
- `` [ARG1 Nothing *ICH*-1 has happened since we signed the contract * to undermine our conviction that Hydro-Quebec was the lowest-cost , most environmentally acceptable choice for * meeting a part of our customers ' energy needs through the year 2020] , '' [rel said] *T*-2 [ARG0 Central Maine senior vice president Donald F. Kelly] .
- [ARG0 CBOE Chairman Alger `` Duke '' Chapman] , [rel said] [ARG1 that , unlike the futures market , the options exchange has *-2 to open in a rotation that *T*-1 allows each different options series to trade] .
- [ARG1 While Monday 's rebounding markets helped other investors recoup losses , many options customers and professional traders in stock-index options and the options on takeover stocks were left *-1 with multimillion-dollar losses] , [ARG0 traders here and in New York] [rel said] 0 *T*-2 .
- [ARG1 Fossett still had several million dollars in capital left * after Friday 's close of trading , but not enough that regulators , worried * about another potential market plunge yesterday , would let it reopen for trading] , [ARG0 options exchange officials] [rel said] 0 *T*-1 .
- [ARG0 S. Waite Rawls III , vice chairman of Continental Bank , First Options ' parent company ,] [rel said] [ARG1 0 the firm took on about 160 accounts formerly held * by Fossett , almost all of them belonging to professional floor traders] .
- `` [ARG1 Steve and his firm were still worth a lot of money] , '' [ARG0 Mr. Rawls] [rel said] *T*-1 .
- `` [ARG1 It *EXP*-3 was great * to have the luxury of time] , '' [ARG0 Mr. Rawls] [rel said] *T*-1 .
- [ARG1 The Fossett firm had some losses and liquidity problems during the October 1987 crash as well] , [ARG0 Mr. Rawls] [rel said] 0 *T*-1 .
- [ARG0 A federal official] [rel said] [ARG1 that Continental Bank worked with securities and banking regulators over the weekend *-2 to fashion the Fossett bailout , but that conditions were n't dictated *-1 by those agencies] .
- `` [ARG1 It was their business decision] , '' [ARG0 the official] [rel said] *T*-1 .
- [ARG0 Officials at Options Clearing Corp. , which *T*-1 processes all options trades for U.S. exchanges ,] [rel said] [ARG1 that the $ 50 million *U* guarantee was unprecedented , but was necessary * to help *-2 insure the integrity of the options markets] .
- `` [ARG1 It was an extraordinary situation that *T*-1 needed extraordinary steps] , '' [rel said] *T*-2 [ARG0 Paul Stevens , OCC president and chief operating officer] .
- But [ARG0 CBOE and Amex officials] [rel said] [ARG1 that Options Clearing Corp. contributed $ 20 million *U* to the guarantee , the CBOE put up $ 8 million *U* , the Amex added $ 4 million *U* and $ 18 million *U* came from Mr. Fossett 's own assets] .
- [ARG0 Jeffrey Miller of Miller Tabak Hirsch & Co.] [rel said] [ARG1 that given the high degree of leverage in the options market , it *EXP*-2 is `` very easy for these guys to get wiped out *-1] .
- [ARG0 Anthony J.F. O'Reilly , the company 's chairman ,] swears by her firm touch , *-1 [rel saying] [ARG1 0 regular massages are a balm for his old football injuries] .
- [ARG0 Massage advocates] [rel say] [ARG1 that * kneading the head , shoulders , neck and back can go a long way toward * easing tension and improving morale] .
- `` [ARG1 The blood flows to your head , you feel lightheaded and you do n't feel tension around the head or neck] , '' [rel says] *T*-1 [ARG0 Minnie Morey , an operations supervisor at the Social Security office in Grand Rapids , Mich. , where massages began last month *T*-2] .
- `` [ARGM-TMP When you leave the room after your massage *T*-1] , [ARG0 people] [rel say] [ARG1 0 you look like you 're glowing] . ''
- `` [ARG1 Now we 're looking for a room with thicker walls] , '' [ARG0 Ms. Banks] [rel says] *T*-1 .
- `` [ARG1 You build up a lot of tension *-1 working at a terminal all day] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 Mr. Soule] [rel says] [ARG1 0 his only beef was that the massages were being given *-1 in a company conference room ; the department 's supervised health facility would have been fine] .
- `` [ARG1 In my view , -LCB- massages -RCB- should be managed with an appropriate mixture of males and females around] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Russell Borner of Park Ridge , N.J. ,] [rel says] [ARG1 0 he has been working for the past year at a huge chemical and manufacturing concern in New York -- *-1 unbeknownst to the company 's executives] .
- `` [ARG1 This is common with a lot of large companies] , '' [rel says] *T*-2 [ARG0 Mr. Borner , who *T*-1 worked for American Telephone & Telegraph Co. for 23 years before * choosing his current trade] .
- `` [ARG1 I pull my hair back , wear a little makeup and look corporate] , '' [rel says] *T*-2 [ARG0 Ms. Byler , who *T*-1 has been visiting Emerson since January] .
- `` [ARG1 The culture is not ready *-1 to take off its clothes , lie down and be touched *-2 for an hour for $ 45 *U*] , '' [ARG0 he] [rel says] *T*-3 .
- -LRB- [ARG0 Ms. Ohlman , the Grand Rapids masseuse ,] [rel says] [ARG1 0 she has heard the odd-looking contraption compared to something out of the Spanish Inquisition] . -RRB-
- [ARG0 Mr. Palmer , who *T*-2 serves as president of the On-Site Massage Association and writes an industry newsletter ,] [rel says] [ARG1 0 some 4,000 practitioners -- out of about 50,000 certified masseurs across the country -- now use massage chairs in the workplace , as well as on street corners , in airports and malls , and at conventions and other gatherings where weary people can be found *-1 *T*-3] .
- `` [ARG1 It was a powerful point in my career] , '' [rel says] *T*-2 [ARG0 the 31-year-old Mr. MacInnis , who *T*-1 has since taken out a $ 1 million *U* liability policy for his business] .
- [ARG0 Linda Aldridge , who *T*-1 does full-body work in Pittsburgh ,] [rel says] [ARG1 that while on-site massage is better than nothing , tired workers should realize 0 it is only the tip of the iceberg] .
- `` [ARG1 Whole areas of their bodies are neglected *-1] , '' [ARG0 she] [rel says] *T*-2 , [ARGM-ADV *-3 adding that clothes ruin the experience] .
- [ARG1 The company owes $ 11 million *U* to the Shui On Group , the project 's Hong Kong contractor , and a significant , though unspecified , amount in legal fees to Coudert Brothers , a U.S. law firm] , [ARG0 the sources] [rel say] 0 *T*-3 .
- [ARGM-DIS But] [ARGM-LOC in a letter sent * in August to Asia Development] , [ARG0 Schroders] [rel said] [ARG1 0 the loan was terminated *-1 because the developer had failed *-2 to deliver adequate financial data and pay certain fees to the loan-management committee on time , according to officials close to the project] .
- [ARG1 Instead] , [ARG0 the creditors] [rel say] 0 *T*-1 , the loan fell victim to nervousness about China 's political turmoil , as well as to concern about the loan 's security .
- [ARG1 Lenders had doubts about the project even before June 4 , but the harsh crackdown , which *T*-1 caused many businesses to reassess their China transactions , `` gave the banks the out 0 they wanted *T*-2] , '' [rel says] 0 *T*-3 [ARG0 an official close to the Shanghai venture] .
- `` [ARG1 The company turned the corner *ICH*-2 fairly recently in profitability] , '' [rel said] *T*-3 [ARG0 Margo McGlade of PaineWebber Inc. , who *T*-1 had been forecasting a 46 % jump in Pace 's net income from operations this year and another 42 % increase next year] .
- `` [ARG1 Even if you look at it as a turnaround situation , it 's expensive] , '' [rel said] *T*-1 [ARG0 Wayne Hood of Prudential-Bache Securities Inc] .
- [ARG0 She] [rel said] , [ARG1 `` I would say 0 K mart 's number one job is * to address its market-share loss -LCB- in discount stores -RCB- , which longer-term *T*-1 will lead to improved profit margins] .
- She said , `` [ARG0 I] [ARGM-MOD would] [rel say] [ARG1 0 K mart 's number one job is * to address its market-share loss -LCB- in discount stores -RCB- , which longer-term *T*-1 will lead to improved profit margins] .
- [ARG0 K mart , based * in Troy , Mich. ,] [ARGM-TMP recently] [rel said] [ARG1 0 net income would fall for the third consecutive quarter , after a 16 % drop in the first half of its current fiscal year] .
- [ARG0 A K mart spokesman] [rel said] [ARG1 0 the acquisition would be financed *-1 with short-term borrowings] .
- [ARG0 The companies] [rel said] [ARG1 0 Pace would ill continue *-1 to operate under its present management] .
- `` [ARG1 The membership warehouse-club concept has great potential] , '' [ARG0 the company 's chairman , Joseph E. Antonini ,] [rel said] *T*-1 [ARGM-LOC in a statement] .
- [ARG1 He will succeed Joel Chaseman , who *T*-1 will remain a vice president of the company and continue *-2 to represent Post-Newsweek stations in several industry organizations] , [ARG0 the company] [rel said] 0 *T*-3 .
- [ARG0 Holly Stark , a vice president who *T*-1 heads the trading desk at Dillon Read Capital Corp. ,] [rel said] [ARG1 that once she figured out 0 the Quotron numbers were wrong , she called brokers *-2 to tell them] .
- `` It 's been kind of annoying , * to [rel say] [ARG1 the least] , '' she said *T*-1 .
- `` [ARG1 It 's been kind of annoying , * to say the least] , '' [ARG0 she] [rel said] *T*-1 .
- `` [ARG1 It was a case of human error , which we found *T*-1 almost immediately and corrected *T*-1] , '' [ARG0 a spokesman for Reuter in New York] [rel said] *T*-2 .
- [ARGM-TMP Meanwhile] , [ARG0 some currency traders at West German banks in Frankfurt] [rel said] [ARG1 0 they sold dollars on the news and had *-1 to buy them back later at higher prices] .
- Dillon Read 's Ms. Stark said in early afternoon that she was still viewing prices and other data as subject to verification , and [ARG0 she] [rel said] [ARG1 0 portfolio managers continued *-2 to question the numbers 0 they saw *T*-1 on the screen] .
- [ARG0 Dillon Read 's Ms. Stark] [rel said] [ARGM-TMP in early afternoon] [ARG1 that she was still viewing prices and other data as subject to verification] , and she said 0 portfolio managers continued *-2 to question the numbers 0 they saw *T*-1 on the screen .
- [ARG0 Quotron] [rel said] [ARG1 0 that snafu , which *T*-2 lasted nine minutes , resulted from a failure * to adjust for a 4-for-1 stock split at Philip Morris Cos] .
- [ARG0 A Quotron spokeswoman] [rel said] [ARG1 0 recent software changes may have contributed to yesterday 's problems] .
- [ARG0 She] [rel said] [ARG1 0 Quotron switched to a backup system until the problems were corrected *-1] .
- `` [ARG1 It was crazy] , '' [rel said] *T*-1 [ARG0 Neil Weisman , general partner of Chilmark Capital Corp] .
- But [ARG0 those] who *T*-1 [rel said] [ARG1 `` This ca n't be happening ''] were right .
- [ARG1 The prices of the individual stocks that *T*-1 make up the average were correct] , [ARG0 Quotron] [rel said] 0 *T*-2 , but the average was wrong .
- [ARG0 Houston attorney Dale Friend , representing a plaintiff in a damage suit ,] [rel says] [ARG1 0 he has negotiated a settlement that *T*-1 will strike a blow for his client] .
- [ARG1 When Ms. Parks and her mother heard about what *T*-1 had happened *T*-2] , [ARG0 Mr. Friend] [rel says] 0 *T*-3 , they volunteered that they would like *-4 to give Mr. Alexander a good walloping .
- [ARG0 Mr. Friend] [rel says] [ARG1 0 he passed that along to his adversary , and soon they were talking about the ground rules under which Derr could keep its money *T*-1 and the plaintiffs could take a shot at Mr. Alexander *T*-1] .
- [ARG0 Mr. Friend] [rel says] [ARG1 0 he agreed *-1 to strike Mr. Alexander above the belt] .
- [ARG1 Ms. Parks and her mother indicated 0 they want *-1 to `` catch him unawares from behind] , '' [ARG0 he] [rel says] 0 *T*-2 .
- [ARG0 Mr. Alexander] [rel says] [ARG1 0 he regards the agreement , which *T*-2 has n't been submitted *-1 to a judge , as something of a joke] .
- [ARG0 Mr. Friend] [rel says] [ARG1 0 his side is `` dead serious] . ''
- [ARGM-ADV Although they do n't contemplate *-1 delivering any disabling blows] , [ARG0 he] [rel says] [ARG1 that Mr. Alexander will be asked *-2 to sign a release from liability , just in case] .
- [ARG1 Last month] , [ARG0 Mr. Friend] [rel says] 0 *T*-1 , Mr. Alexander 's associate agreed that Derr would pay $ 50,000 *U* as part of an overall settlement .
- `` [ARG1 I never agreed to it] , '' [ARG0 Mr. Alexander] [rel says] *T*-2 , [ARGM-ADV *-3 adding that `` it *EXP*-1 's not necessary * to pay these nuisance settlements] . ''
- `` [ARG1 Traders five feet from each other were making bids and offers that *T*-1 were a full point apart] , '' [rel said] *T*-2 [ARG0 one S&P 500 broker] .
- [ARG1 Several of Wall Street 's largest securities firms , including Salomon Brothers Inc. and PaineWebber Inc. , were also large buyers] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 Salomon Brothers was among the largest sellers of stock-index futures last week] , [ARG0 traders] [rel said] 0 *T*-1 .
- `` [ARG1 With the FBI around here , bragging rights are a thing of the past] , '' [rel said] *T*-1 [ARG0 one trader] , [ARGM-ADV *-2 referring to the federal investigation of futures trading that so far *T*-3 has resulted in 46 indictments lodged * against individuals on the Merc and the Chicago Board of Trade] .
- [ARG1 The sudden influx of liquidity enabled several traders to reap six-figure windfalls in a matter of minutes as prices soared] , [ARG0 traders] [rel said] *T*-1 .
- `` [ARG1 Guys were minting money in there today] , '' [rel said] *T*-1 [ARG0 John Legittino , a futures broker for Elders Futures Inc. in Chicago] .
- [ARGM-TMP For the first time since the 1987 crash] , [ARG0 traders] [rel said] [ARG1 that they were able *-1 to trade several hundred S&P 500 contracts at a time in a highly liquid market] .
- [ARGM-DIS But] [ARG0 traders] [rel said] [ARG1 0 the junk bond market increasingly is separating into a top-tier group , in which trades can be executed *-1 easily *T*-2 , and a larger group of lower-quality bonds in which liquidity -- or the ability * to trade without too much difficulty -- has steadily deteriorated this year *T*-3] .
- `` [ARG1 Liquidity has n't returned to the vast middle ground of the market] , '' [rel said] *T*-1 [ARG0 Mr. Minella of Merrill] .
- `` [ARG1 The deadbeats are still deadbeats] , '' [rel said] *T*-1 [ARG0 Mr. Feinman of Drexel] .
- [ARG0 Paul Asquith , associate professor at the Massachusetts Institute of Technology 's Sloan School of Management] , [ARGM-ADV *-2 citing a pattern of junk-bond default rates that *T*-1 are low in the early years after issuance and rise later] , [rel says] , [ARG1 `` We 're now in a period where we 're starting *-3 to see defaults from the big issue years of 1984 to 1986] . ''
- `` [ARG1 Junk bonds are a highly stratified market] , '' [rel said] *T*-1 [ARG0 Lewis Glucksman , vice chairman of Smith Barney , Harris Upham & Co] .
- [ARG0 Analysts at Standard & Poor 's] [rel say] [ARG1 0 junk bond offerings by `` tightly stretched '' issuers seem *-1 to be growing] .
- `` [ARG1 You could still have some very bad times ahead] , '' [rel said] *T*-1 [ARG0 Mr. Bachmann] .
- [ARG1 No trading *ICH*-1 existed for the vast majority of junk bonds] , [ARG0 securities industry officials] [rel said] 0 *T*-2 .
- [ARG0 I] 'm certainly not comfortable *-1 [rel saying] [ARG1 0 we 've seen the bottom] . ''
- [ARG1 Many issues `` bounced off the floor] , '' [ARG0 Mr. Minella] [rel said] 0 *T*-1 , and benchmark junk issues `` recovered all of their losses '' from Friday and early yesterday .
- [ARG0 Traders] [rel said] [ARG1 0 yesterday 's rally was fueled *-1 by insurance companies looking for bargains after a drastic slide in prices the past month] .
- `` [ARG1 Sometimes a shakeout is healthy] , '' [rel said] *T*-1 [ARG0 Drexel 's Mr. Feinman] .
- `` [ARG1 Nothing traded on Friday , and people were n't really sure where the market should have opened '' yesterday *T*-1] , [rel said] 0 *T*-2 [ARG0 Raymond Minella , co-head of merchant banking at Merrill Lynch & Co] .
- [ARG1 At Drexel Burnham Lambert Inc. , the leading underwriter of junk bonds , `` I was prepared *-1 to be in a very bad mood tonight] , '' [rel said] 0 *T*-2 [ARG0 David Feinman , a junk bond trader] .
- But [ARGM-TMP before the stock market rebounded from a sharp early sell-off yesterday] , [ARG0 he] [rel said] 0 [ARG1 *T*-1] , `` You could n't buy -LCB- junk bonds -RCB- and you could n't give them away . ''
- `` [ARG1 If you do n't need the money for 10 years , there 's a clear-cut case for * sticking to a steady core of stocks] , '' [ARG0 Mr. Gregory] [rel says] *T*-1 .
- [ARG1 Stock-market investments also help *-2 balance the other assets 0 an individual owns *T*-1] , [rel says] 0 *T*-3 [ARG0 John Blankenship Jr. , president of the Institute of Certified Financial Planners] .
- [ARG1 Stocks have a place in an investors ' portfolio along with real estate , bonds , international securities and cash] , [ARG0 he] [rel says] 0 *T*-1 .
- There are some important caveats : [ARG1 Before * investing in stocks , individuals should have at least three to six months of living expenses set * aside in the bank] , [ARG0 most investment advisers] [rel say] 0 *T*-1 .
- `` [ARG1 You may have *-1 to sell your stocks at a time when the market takes a plunge *T*-2] , '' [rel says] *T*-3 [ARG0 Mr. Blankenship , a Del Mar , Calif. financial planner] .
- [ARG1 But once the basics are covered *-1 , `` then I would start *-2 to invest , even if it 's as little as $ 1,000 *U*] , '' [rel says] 0 *T*-3 [ARG0 Michael Lipper , president of Lipper Analytical Services Inc] .
- [ARG0 He] [rel says] [ARG1 0 individuals should consider not just stocks , but other long-term investments , such as high-quality bonds] .
- `` [ARG1 It 's very difficult 0 * to do *T*-2] , '' [rel says] *T*-1 [ARG0 Donald Holt , a market strategist for Wedbush Morgan Securities , a Los Angeles brokerage firm] .
- [ARG1 The cost of * executing stock orders varies from brokerage to brokerage and with the size of the order , but 2 % of the order 's value is an average] , [rel says] 0 *T*-1 [ARG0 Stephen Boesel , manager of T. Rowe Price 's Growth and Income mutual fund] .
- [ARG1 That can reduce returns by a third or more , once local taxes are included *-1] , [ARG0 Mr. Lipper] [rel says] 0 *T*-2 .
- `` [ARG1 It *EXP*-1 's very tough for most individuals to out-trade the mutual funds or the market] , '' [rel says] *T*-2 [ARG0 Mr. Lipper] .
- Then , too , many individual investors lack the sturdy emotional makeup 0 [ARG0 professionals] [rel say] [ARG1 0 *T*-2 is needed *-1 * to plunge in and out of the market] .
- `` [ARG1 Unless an individual has a minimum of between $ 50,000 and $ 100,000 *U* 0 *T*-1 to invest in stocks , he 's still better off in mutual funds than in individual stocks , in terms of * getting enough attention from a competent broker] , '' [rel says] *T*-2 [ARG0 Mr. Lipper] .
- [ARG1 The answer] , [rel say] 0 *T*-1 [ARG0 academic researchers , money managers and investment specialists] , is yes -- as long as you approach the stock market as an investor .
- [ARG0 George Douglas , first vice president at Drexel Burnham Lambert Inc. ,] [rel says] [ARG1 that individuals have a particular edge now in `` small to medium-size niche companies with exciting earnings prospects '' -- a traditional stomping ground for small investors] .
- `` [ARG1 It 's now selling at a multiple about even with the market] , '' [rel says] *T*-1 [ARG0 Mr. Douglas] .
- `` [ARG1 We 're seeing a real turnaround in interest in small growth stocks] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 They] [rel say] [ARG1 0 that 's especially important this late in the growth phase of the economic cycle , when there 's no robust bull market *-1 to bail investors out of their mistakes *T*-2] .
- [ARG1 Friday 's correction presents `` a pretty good buying opportunity , but * let 's not speculate at this point in the business cycle] , '' [rel says] 0 *T*-1 [ARG0 Carmine Grigoli , chief equity portfolio strategist at First Boston Corp] .
- [ARG1 But] , [ARG0 they] [rel say] 0 *T*-2 , people should n't try *-3 to be traders , who *T*-1 buy and sell in an effort * to ride the latest economic trend or catch the next hot stock .
- `` [ARG1 * Buy stocks on weakness for their long-term fundamentals] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 When the market is low *T*-1 , you are buying more shares , and when it 's high *T*-2 , you 're buying fewer shares] , '' [ARG0 he] [rel says] *T*-3 .
- [ARG1 Otherwise , if you put all your money in at one time , by sheer bad luck , you might pick a terrible time , and have *-1 to wait three years *-2 to get even] , [ARG0 Mr. Gregory] [rel says] 0 *T*-3 .
- [ARG1 A disciplined program will work the best] , [ARG0 Mr. Boesel] [rel says] 0 *T*-1 .
- `` [ARG1 One of the hardest things 0 * to do *T*-1 is * to buy stocks when the market is down *T*-2] , '' [ARG0 he] [rel says] *T*-3 .
- `` [ARG1 If you look at 75 years worth of investment history -- including the Great Depression and every bear market since -- stocks have outperformed almost everything 0 an individual could have owned *T*-1 by a long shot] , '' [rel says] *T*-2 [ARG0 Barry Berlin , vice president at First Wachovia Capital Management] .
- `` [ARG1 He still has n't proven his mettle as a big-league take-out artist] , '' [rel said] *T*-1 [ARG0 airline analyst Kevin Murphy of Morgan Stanley & Co] .
- [ARGM-TMP Yesterday] , [ARG0 Mr. Trump] tried *-1 to put the blame for the collapse of the UAL deal on Congress , *-1 [rel saying] [ARG1 0 it was rushing through a bill * to protect AMR executives] .
- [ARG0 Mr. Trump] [ARGM-TMP never] [rel said] [ARG1 how much AMR stock he had bought *T*-1 , only that his holdings were `` substantial] . ''
- [ARG0 Some analysts] [rel said] [ARG1 0 AMR Chairman Robert Crandall might seize the opportunity presented * by the stock price drop *-1 to protect the nation 's largest airline with a defensive transaction , such as the sale of stock to a friendly holder or company employees] .
- [ARGM-DIS However] , [ARG0 other knowledgeable observers] [rel said] [ARG1 0 they believed 0 Mr. Crandall and the AMR board might well decide *-1 to tough it out without * taking any extra steps] .
- [ARG0 Some analysts] [rel said] [ARG1 0 they believed 0 Mr. Trump , whose towering ego *T*-2 had been viewed *-1 by some as a reason * to believe 0 he would n't back out , might come back with a lower bid] .
- [ARG0 Mr. Trump , who *T*-1 vowed Wednesday *-2 to `` go forward '' with the bid ,] [rel said] [ARG1 0 he was dropping it `` in light of the recent change in market conditions] . ''
- [ARG0 Ray Neidl of Dillon Read & Co.] [rel said] [ARG1 0 Mr. Trump `` is stepping back and waiting for the dust to settle] .
- `` [ARG1 I was never sure 0 Donald Trump really wanted *-1 to take AMR] , '' [rel said] *T*-2 [ARG0 John Mattis , a bond analyst with Shearson Lehman Hutton Inc] .
- [ARG0 Officials familiar with the talks] said 0 Citicorp had discussed *-2 lowering the offer to $ 250 *U* a share , but [rel said] [ARG1 0 that price was a talking point and that no decision has been made *-1] .
- [ARG0 Officials familiar with the talks] [rel said] [ARG1 0 Citicorp had discussed *-2 lowering the offer to $ 250 *U* a share] , but said 0 that price was a talking point and that no decision has been made *-1 .
- [ARG0 He] [rel said] [ARG1 0 he might now sell his AMR stake , buy more shares , or make another offer at a lower price] .
- [ARG0 Citibank and Chase] had agreed *-1 to commit $ 3 billion *U* , and [rel said] [ARG1 0 they were `` highly confident '' of * raising another $ 4.2 billion *U*] .
- [ARG0 Officials familiar with the bank talks] [rel said] [ARG1 0 the UAL buy-out group -- UAL pilots , management , and British Airways PLC -- is now willing *-1 to pay higher bank fees and interest , but is n't likely *-1 to boost its $ 965 million *U* equity contribution] .
- If they were *-2 to insist on a low bid of , * [rel say] [ARG1 $ 200 *U* a share] , the board might n't be able *-3 to obtain a higher offer from other bidders because banks might hesitate *-4 to finance a transaction 0 the pilots oppose *T*-1 .
- [ARG0 Some] [rel said] [ARG1 0 Friday 's market debacle had given Mr. Trump an excuse * to bail out of an offer that *T*-1 showed signs of stalling even before problems *ICH*-2 emerged with the UAL deal] .
- [ARG1 Absent other working capital] , [ARG0 he] [rel said] 0 *T*-2 , the RTC would be forced *-3 to delay other thrift resolutions until cash could be raised *-1 by * selling the bad assets .
- `` [ARG1 We would have *-1 to wait until we have collected on those assets before we can move forward] , '' [ARG0 he] [rel said] *T*-2 .
- [ARGM-DIS Moreover] , [ARG0 it] [rel says] [ARG1 0 the RTC 's total obligations may not exceed $ 50 billion *U*] , but that figure is derived *-1 after * including notes and other debt , and subtracting from it the market value of the assets 0 the RTC holds *T*-2 .
- [ARG1 But Congress did n't anticipate or intend more public debt] , [rel say] 0 *T*-1 [ARG0 opponents of the RTC 's working-capital plan] , and Rep. Charles Schumer -LRB- D. , N.Y . -RRB- said 0 the RTC Oversight Board has been remiss in *-2 not keeping Congress informed .
- But Congress did n't anticipate or intend more public debt , say 0 *T*-1 opponents of the RTC 's working-capital plan , and [ARG0 Rep. Charles Schumer -LRB- D. , N.Y . -RRB-] [rel said] [ARG1 0 the RTC Oversight Board has been remiss in *-2 not keeping Congress informed] .
- `` [ARG1 That secrecy leads to a proposal like the one from Ways and Means , which *T*-1 seems to me sort of draconian] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 Such agency ` self-help ' borrowing is unauthorized and expensive , far more expensive than direct Treasury borrowing] , '' [rel said] *T*-1 [ARG0 Rep. Fortney Stark -LRB- D. , Calif. -RRB- , the bill 's chief sponsor] .
- `` [ARG1 It 's a problem that *T*-2 clearly has *-3 to be resolved *-1] , '' [rel said] *T*-4 [ARG0 David Cooke , executive director of the RTC] .
- [ARG0 A Fidelity spokesman] [rel says] [ARG1 0 the 800-line , which *T*-1 already was operating but which many clients did n't know about *T*-2 , received about double the usual volume of calls over the weekend] .
- `` [ARG1 A lot of investor confidence comes from the fact that they can speak to us] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 We 're saying 0 the worst thing that anyone can do *T*-2 is * to see the market go down and dump everything , which *T*-1 just drives the prices down further] , '' [rel says] *T*-3 [ARG0 John Lampe , PaineWebber 's director of advertising] .
- `` [ARG0 We] 're [rel saying] [ARG1 0 the worst thing that anyone can do *T*-2 is * to see the market go down and dump everything , which *T*-1 just drives the prices down further] , '' says *T*-3 John Lampe , PaineWebber 's director of advertising .
- `` We do n't think at this point 0 [ARG1 anything] needs *-2 to be [rel said] *-1 .
- [ARG1 The market seems *-1 to be straightening out ; we 're taking a wait-and-see attitude] , '' [rel says] *T*-2 [ARG0 Cathleen B. Stewart , executive vice president of marketing] .
- [ARG0 The stat 0 * to reckon with *T*-2 here] [rel says] [ARG1 that about three of four clubs -LRB- 29 of 39 -RRB- that *T*-1 took 2-0 Series leads went on *-3 to win it all] .
- [ARG1 The only thing 0 I 'm rooting for *T*-1 is for the Series to go seven games] , '' [rel said] *T*-2 [ARG0 David Williams , a Sacramento septuagenarian ,] [ARGM-LOC at the Coliseum] [ARGM-TMP before Sunday 's go] .
- * Suffice it [ARG0 *] to [rel say] [ARG1 that if this were a New York Yankees-Mets series , or one between the Chicago Cubs and White Sox -LRB- hey , it 's possible -RRB- , you 'd need uniformed police in every other seat *-1 to separate opposing fans , and only the suicidal would bifurcate their bonnets] .
- `` [ARG1 When it goes *T*-1 , you never know when you 'll get it back *T*-2] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG1 These factors , combined with a strong dollar , should negatively affect the current quarter 's results] , [ARG0 NCR] [rel said] 0 *T*-1 .
- [ARG0 Mr. Hingorani] [rel said] [ARG1 0 he lowered his full-year estimates for 1989 to $ 5.35 *U* a share from $ 5.50 *U* a share] .
- [ARG0 The computer maker , which *T*-2 sells more than half its goods outside the U.S. ,] [ARGM-DIS also] [rel said] [ARG1 0 the negative effect of a stronger U.S. dollar will `` adversely affect '' its fourth-quarter performance and `` make it *EXP*-1 difficult '' * to better 1988 results] .
- [ARG0 NCR] [rel said] [ARG1 0 revenue declined both in the U.S. and overseas , * reflecting a world-wide softening of the computer markets] .
- [ARG0 The company] , [ARGM-DIS however] , [rel said] [ARG1 0 orders in the U.S. showed `` good gains '' during the latest quarter] .
- `` [ARG1 I see concern , but I do n't see any panic] , '' [rel said] *T*-2 [ARG0 Mr. Palamara , a big , good-humored New York native who *T*-1 runs the 15-trader office] .
- `` [ARG1 This is not the sort of market 0 * to have a big position in *T*-2] , '' [rel said] *T*-3 [ARG0 David Smith , who *T*-1 heads trading in all non-U.S. stocks] .
- `` [ARG1 I had calls *ICH*-1 all night long from the States] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 All the takeover stocks -- Scottish & Newcastle , B.A.T , DRG -- are getting pretty well pasted *-2 this morning] , '' [ARG0 Mr. Smith] [rel said] *T*-1 .
- `` [ARG1 Because Tokyo did n't collapse , * let 's pick up a little stock] , '' [ARG0 Mr. Smith] [rel said] *T*-1 .
- `` [ARG1 When I want *-2 to buy *T*-1 , they run from you -- they keep changing their prices] , '' [ARG0 Mr. Smith] [rel said] *T*-3 .
- `` [ARG1 Fundamentally dangerous] ... , '' [ARG0 Mr. Smith] [rel said] , *T*-1 [ARGM-MNR almost in a whisper] , `` ... . fundamentally weak ... fairly vulnerable still ... extremely dangerously poised ...
- `` [ARG1 It 's falling like a stone] , '' [rel said] *T*-2 [ARG0 Danny Linger , a pit trader who *T*-1 was standing outside the London International Financial Futures Exchange] .
- `` [ARG1 France opened the limit down , off at least 10 % if you could calculate the index , which you could n't *T*-1] , '' [ARG0 Mr. Clark , the Shearson trader ,] [rel said] *T*-2 [ARGM-TMP early in the afternoon] .
- Is n't it *EXP*-1 just as fair [ARG0 *] to [rel say] [ARG1 that if you have a million people working for you , every good thing that *T*-2 has one chance in a million of * going right will go right at least once a year] ?
- [ARG0 Aides both in the House and Senate] [rel said] [ARG1 0 the withdrawal of the Trump bid for AMR is n't likely *-1 to deflate efforts * to push the legislation] .
- `` [ARG1 It 's still on the fast track and we still want *-1 to do it] , '' [rel said] *T*-2 [ARG0 one Senate aide] .
- [ARGM-LOC In a letter to subcommittee Chairman James Oberstar -LRB- D. , Minn. -RRB-] , [ARG0 Mr. Trump] criticized the bill as an explicit effort * to thwart his bid for AMR , and [rel said] [ARG1 0 it contributed to the collapse of the deal] .
- [ARG0 He] [ARGM-DIS also] [rel said] [ARG1 0 the fact that the other letter had n't come from Transportation Secretary Samuel Skinner indicated 0 there is `` wiggle room '' in the administration 's position] .
- [ARGM-LOC In a possible prelude to the resumption of talks between Boeing Co. and striking Machinists union members] , [ARG0 a federal mediator] [rel said] [ARG1 0 representatives of the two sides will meet with him tomorrow] .
- [ARG0 Boeing] has declined *-2 to [rel say] [ARG1 how many employees *T*-1 are working at its giant Renton , Wash. , plant] .
- `` [ARG1 It could be a long meeting or it could be a short one] , '' [rel said] *T*-2 [ARG0 Doug Hammond , the mediator , who *T*-1 called the agreement * to meet a first step toward a resumption of negotiations] .
- `` [ARG1 We 're encouraged *-3 that talks are scheduled *-1 again but beyond that , we have made no expression of expectations] , '' [ARG0 a Boeing spokesman] [rel said] *T*-2 .
- [ARG1 Currently , average pay for machinists is $ 13.39 *U* an hour] , [ARG0 Boeing] [rel said] 0 *T*-1 .
- [ARGM-ADV With a strike fund of about $ 100 million *U*] , [ARG0 the union] had [rel said] [ARG1 0 it was prepared *-1 for a long strike] .
- And [ARG1 at the company 's Wichita , Kan. , plant , about 2,400 of the 11,700 machinists still are working] , [ARG0 Boeing] [rel said] 0 *T*-1 .
- [ARG0 DPC Acquisition Partners , a hostile suitor for Dataproducts Corp. ,] [rel said] [ARG1 0 it intends *-1 to launch a tender offer for the computer printer maker 's common stock] .
- [ARG0 DPC , a group led * by the New York investment firm Crescott Inc. ,] [ARGM-DIS also] [rel said] [ARG1 0 it plans *-2 to file preliminary materials *ICH*-1 with the Securities and Exchange Commission regarding a shareholder solicitation * to oust Dataproducts ' board] .
- [ARG0 Jack Davis , Dataproducts ' president , chairman and chief executive officer ,] [rel said] [ARG1 0 the company `` is at a loss *-1 to understand DPC 's intentions] . ''
- [ARG0 He] called today 's announcement `` opportunistic and disruptive '' and [rel said] [ARG1 0 the company intends *-1 to proceed with its restructuring] .
- `` [ARG1 They all went in the wrong direction] , '' [rel said] *T*-1 [ARG0 Andreas Insam , an investment adviser for the Bank in Liechtenstein 's Frankfurt branch] .
- [ARG0 He] [rel said] [ARG1 0 he told clients *-1 to buy selected West German blue chips after they fell by about 10 %] .
- `` [ARG1 The beginning was chaotic] , '' [rel said] *T*-1 [ARG0 Nigel Longley , a broker for Commerzbank AG] .
- [ARG1 That is why everybody was a little surprised *-1 by the storm of sell orders from small private investors *T*-2] , '' [rel said] *T*-3 [ARG0 Norbert Braeuer , a senior trader for Hessische Landesbank] .
- [ARGM-DIS But] [ARGM-ADV even if Wall Street continues *-2 to stabilize] , [ARG0 analysts here] [rel say] [ARG1 0 the latest blow to investor confidence could inhibit a swift recovery for the Frankfurt exchange , which *T*-1 already was showing signs of weakness after the DAX had slipped from a 1989 high of 1657.61 on Sept. 8] .
- [ARG0 Dresdner Bank] [ARGM-TMP last month] [rel said] [ARG1 0 it hoped *-1 to raise 1.2 billion marks -LRB- $ 642.2 million *U* -RRB- by *-2 issuing four million shares at 300 marks each] .
- `` [ARG1 There was a volatility in the market that I have never seen *T*-1 before] , '' [rel said] *T*-2 [ARG0 Michel Vigier , a partner in brokerage firm Cholet Dupont] .
- [ARG0 Brokers] [rel said] [ARG1 that as the news *ICH*-3 spread that Wall Street was moving up , traders who *T*-4 had called *-1 to place sell orders changed their line in mid-conversation , *-2 ordering buys instead] .
- [ARG0 West German Economics Minister Helmut Haussmann] [rel said] , `` [ARG1 In my view , the stock market will stabilize relatively quickly] .
- [ARG1 The interest rate on short-term funds , which banks borrow *T*-1 *-3 to finance longer-term loans to customers , was `` sharply higher] , '' [ARG0 Morgan] [rel said] 0 *T*-2 .
- Morgan received $ 2 million *U* of interest payments on its medium and long-term Brazilian loans ; [ARG1 had they been accruing interest , net interest income would have been $ 35 million *U* higher in the quarter] , [ARG0 Morgan] [rel said] 0 *T*-1 .
- `` [ARG1 These increases were partly offset *-1 by lower trading-related '' income] , [ARG0 the bank] [rel said] 0 *T*-2 .
- [ARG0 The Charlotte , N.C. , company] [rel said] [ARG1 0 earnings rose to $ 143.6 million *U* , or $ 1.45 *U* a share , from $ 58.9 million *U* , or 69 cents a share , a year earlier] .
- Included *-4 in the increase in the most recent quarter is *T*-3 a $ 33 million *U* loan , which [ARG0 NCNB] [rel said] [ARG1 0 it `` expects *T*-2 to be fully repaid *-1 , with no loss , early in the fourth quarter] . ''
- [ARG0 NCNB] [rel said] [ARG1 0 its third-quarter results reflect 100 % of earnings of the Texas operation since Aug. 1] .
- [ARGM-TMP Last week] , [ARG0 the banking company] [rel said] [ARG1 0 it purchased both Freedom Savings & Loan Association , Tampa , Fla. , and University Federal Savings Association of San Antonio , Texas , for $ 169.4 million *U*] .
- [ARG0 The company] [rel said] [ARG1 0 the gain resulted mainly from a $ 54 million *U* increase in net interest income , * reflecting a 33 % increase in real estate loans -LRB- mainly residential -RRB- , and a 19 % rise in consumer loans] .
- [ARG1 *-3 Excluding the $ 2 billion *U* provision and allowing for the taxes 0 Morgan paid *T*-1 , earnings were about 65 cents a share] , [ARG0 Mr. Salem] [rel said] 0 *T*-2 .
- [ARG0 LIN Broadcasting Corp.] [rel said] [ARG1 0 it wo n't take a position on a revised tender offer *ICH*-1 by McCaw Cellular Communications Inc. * to buy LIN and has asked for clarification of the offer] .
- [ARG0 The LIN board] [rel said] [ARG1 0 holders may be misled *-1 by the provision in the McCaw proposal that *T*-2 `` guarantees '' private market value after five years for the remaining shares] .
- [ARG1 McCaw has `` no obligation * to purchase and the definition of private market value is uncertain] , '' [ARG0 the LIN board] [rel said] 0 *T*-1 .
- [ARG0 A group of institutional investors in Telerate Inc.] [rel said] [ARG1 that Dow Jones & Co. 's $ 18-a-share *U* offer for the electronic financial information services company is `` grossly inadequate] . ''
- [ARGM-LOC In a letter filed * with the Securities and Exchange Commission] , [ARG0 the group , which *T*-1 holds about 4.5 million Telerate shares , or about 4.7 % of the shares outstanding ,] [rel said] `` ... [ARG1 at present none of us believes 0 an offer for less than $ 25 *U* per share would be fair and some believe that $ 25 *U* is too low] . ''
- [ARG0 A spokesman for Dow Jones] [rel said] [ARG1 0 he had n't seen the group 's filing] , but added , `` obviously Dow Jones disagrees with their conclusions .
- [ARG0 U.S. Trade Representative Carla Hills] [rel said] [ARG1 0 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] .
- [ARG0 Mrs. Hills] [rel said] [ARG1 0 the U.S. wo n't accept any delays after Nov. 13 because U.S. fish-processing firms enter into contracts *ICH*-1 in the fall * to purchase the next season 's catch] .
- [ARG0 She] [rel said] [ARG1 0 the Canadian restrictions must be removed *-1 before such contracts are concluded *-2] .
- [ARG0 Mrs. Hills] [rel said] [ARG1 0 the U.S. and Canada have until Nov. 13 *-1 to resolve the dispute] .
- [ARG1 If a solution is n't reached *-1 by then] , [ARG0 she] [rel said] *T*-2 , 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 .
- [ARGM-DIS However] , [ARGM-LOC in Ottawa] , [ARG0 Canadian Trade Minister John Crosbie] [rel said] [ARG1 0 the dispute-settlement panel accepted the `` legitimacy of Canada 's position on the use *ICH*-1 of these landing requirements * to conserve and manage these important fisheries] . ''
- [ARGM-ADV *-1 Questioned about the seeming contradiction in the U.S. and Canadian government views of the panel 's report] , [ARG0 an aide for Mrs. Hills] [rel said] [ARG1 0 the panel had clearly ruled that the Canadian trade restrictions `` are illegal] . ''
- [ARG0 Mrs. Hills] [rel said] [ARGM-TMP yesterday] [ARG1 that the dispute-settlement panel rejected this Canadian government argument] .
- `` [ARG1 We fully expect that Canada will comply with the panel 's ruling '' that the `` landing requirement '' also must be ended *-1] , [ARG0 she] [rel said] 0 *T*-2 .
- [ARG0 BancOklahoma Corp.] [rel said] [ARG1 0 it completed a restructuring agreement previously agreed to * by the Federal Deposit Insurance Corp. , creditor banks and subordinated debenture holders] .
- [ARG1 In exchange for the $ 76 million *U* 0 they are owed *-1 *T*-2 , 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] , [ARG0 the bank holding company] [rel said] 0 *T*-3 .
- [ARG1 Also under the agreement , debenture holders will get one million shares of common stock in exchange for $ 7.7 million *U* in debentures and holders of BancOklahoma 's series A preferred stock will receive 1.25 shares of common stock for every share of preferred 0 they own *T*-1] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 BSN Corp.] [rel said] [ARG1 0 it will begin an offer *ICH*-1 tomorrow * to exchange up to one million of its common shares and all of its $ 16.6 million *U* in 7 3\/4 % convertible debentures due 2001 for a package of new debt and common stock warrants] .
- [ARG0 The company] [rel said] [ARG1 0 it can redeem the warrants at its option for $ 1 *U* each] .
- [ARG0 BSN] [rel said] [ARG1 0 it is making the offer *-1 to shrink its capital and increase shareholder value] .
- [ARG1 If all the bondholders and holders of one million common shares accept the offer , BSN will increase its debt by $ 9 million *U* , but it also will recognize a $ 2 million *U* gain from * retiring the old debt] , [rel said] 0 *T*-1 [ARG0 Michael J. Blumenfeld , president] .
- `` [ARG1 We have sufficient cash flow 0 *T*-1 to handle that] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 Profit from trading for its own account dropped] , [ARG0 the securities firm] [rel said] 0 *T*-1 .
- Retail profit surged , [ARGM-DIS but] [ARG0 the company] [rel said] [ARG1 0 it was only a `` modest contributor '' to third-quarter results] .
- [ARG0 Bear Stearns] [rel said] [ARG1 0 net in the first quarter ended * Sept. 29 reached $ 22.1 million *U* , or 23 cents a share , from $ 20.5 million *U* , or 20 cents a share , in the year-earlier quarter] .
- [ARG0 Seafirst Corp.] [rel said] [ARG1 0 it signed an agreement *ICH*-1 with builder Martin Selig * to purchase its headquarters building , the Columbia Seafirst Center , for $ 354 million *U*] .
- [ARGM-DIS But] [ARG0 several large banks] [rel said] [ARGM-TMP yesterday] [ARG1 0 they detected no signs of unusual demand for credit that *T*-1 would signal such difficulties] .
- `` [ARG1 We 're seeing nothing out of the ordinary] , '' [rel said] *T*-1 [ARG0 one official at a Top 10 bank] .
- [ARG1 More taunting in the parking lot] , [ARG0 the players] [rel said] 0 *T*-1 , led to a fight .
- [ARG0 The fan] [rel said] [ARG1 0 he was punched and kicked *-1 by one player and that the other broke his jaw with a baseball bat] .
- [ARG1 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 *-2 reasonably] , [rel says] 0 *T*-1 [ARG0 General Electric senior vice president Frank Doyle] .
- But it opposes an American Medical Association proposal for * creating a `` registered care technologist , '' as `` potentially divisive '' ; [ARG0 it] [rel says] [ARG1 0 the job would entail an unwanted new doctor 's `` bedside '' extension] .
- [ARG1 * TREATING EMPLOYEES with respect is crucial for managers] , [rel says] 0 *T*-1 [ARG0 consultant Hay Group] [ARGM-TMP after surveys of a million workers] .
- [ARG1 U.S. companies wanting * to expand in Europe face `` tough pressure '' from unions in nations such as West Germany , which *T*-1 play a big consulting role in management decisions] , [ARG0 he] [rel says] 0 *T*-2 .
- [ARG0 Fully 80 % of employees who *T*-1 say 0 their bosses treat them with respect , but only a third of those who *T*-2 do n't feel respected] [rel say] [ARG1 0 they 're satisfied with where they work *T*-3] .
- Fully 80 % of [ARG0 employees] who *T*-1 [rel say] [ARG1 0 their bosses treat them with respect] , but only a third of those who *T*-2 do n't feel respected say 0 they 're satisfied with where they work *T*-3 .
- [ARGM-ADV Despite labor-shortage warnings] , 80 % aim for first-year wage increases of under 4 % ; and [ARG0 77 %] [rel say] [ARG1 0 they 'd try *-1 to replace workers , if *-1 struck *-2 , or would consider it] .
- [ARG1 TEMPORARY WORKERS have good educations] , [ARG0 the National Association of Temporary Services] [rel says] 0 *T*-1 ; its survey of 2,508 such employees shows 82 % with more than a high-school education , and 31 % with college degrees .
- [ARG1 Since 1984 , more companies give sales-loss aid , as many real-estate values depreciated] , [ARG0 the council] [rel says] 0 *T*-1 .
- [ARG0 FMC Corp. and Baxter International] [rel say] [ARG1 0 unions also wo n't like plant relocations and needed restructuring , which *T*-1 means layoffs] .
- [ARG1 Many employers have already begun *-1 moving to southern countries such as Spain and Italy , where wages are low and unions are weaker *T*-2 ; demand for trained labor and managers will rise there ,] [ARG0 FMC] [rel says] 0 *T*-3 .
- [ARG1 So] [rel said] *T*-1 [ARG0 a federal judge] , [ARGM-LOC in a case involving two players for the minor league Bluefield , Va. , Orioles , a Baltimore farm team] .
- [ARG1 Like its parent that year , `` Bluefield was not having a good year] , '' [ARG0 the judge] [rel said] 0 *T*-1 .
- [ARG0 They] [rel said] [ARG1 0 the exchange 's trading procedures , personnel , equipment and links with other exchanges could n't have performed better] .
- `` [ARG1 We had no operating problems at all] , '' [ARG0 Mr. Phelan] [rel said] *T*-1 [ARGM-TMP after the market closed] .
- [ARG1 Prices for the 416.3 million shares that *T*-2 changed hands during the session were carried *-1 on the exchange 's trading tape with barely a delay] , [ARG0 officials] [rel said] 0 *T*-3 .
- While *-2 reaching blockbuster proportions yesterday , the volume was still well within the 600 million-share capacity that [ARG0 the exchange] has [rel said] [ARG1 0 it can handle *T*-1 daily since *-3 beefing up its computers after the October 1987 crash] .
- [ARGM-ADV Despite traders ' complaints] , [ARG0 Mr. Phelan] [rel said] [ARG1 0 the links with the Chicago futures market worked as * planned *-1 in Friday 's rout *-2 to provide a cooling-off period] .
- But [ARG0 some fast-food industry analysts] [rel say] [ARG1 0 problems with * keeping chicken warm and fresh must be solved *-1 first] .
- [ARG0 He] [rel says] [ARG1 0 the test is continuing in Chicago , Columbus , Ohio , and a few other cities] .
- `` [ARG1 They 've been laggard] , '' [ARG0 he] [rel says] *T*-1 , `` but they 'll have *-2 to become more aggressive . ''
- [ARG0 The Crest Report , which *T*-1 tracks consumer purchases ,] [rel says] [ARG1 0 customer traffic at chicken restaurants fell 10 % in the second quarter , while the overall fast-food customer count was down 2 %] .
- [ARG1 A harder sell] , [rel says] 0 *T*-1 [ARG0 John Kosar , the firm 's president] , would `` detract from the profession . ''
- `` [ARG1 There 's always a risk of lost messages] , '' [rel says] *T*-2 [ARG0 John Fitzgerald , chairman of Ketchum Advertising USA , which *T*-1 created similar radio spots for Pittsburgh National Bank] .
- [ARG1 Chicken business is off largely because of more competition from grocery-store convenience food , home-delivered pizza and other takeout fare] , [rel says] 0 *T*-1 [ARG0 a spokesman for the report , a publication of NPD Group , a market research firm in Port Washington , N.Y] .
- [ARG0 Thomas G. Dahlen , Big Bear 's executive vice president ,] [rel said] [ARG1 0 the chain is still reviewing its product list *-1 to avoid such problems] .
- `` [ARG1 Our intent is * to promote the best alternative] , '' [ARG0 he] [rel says] *T*-1 .
- [rel Says] [ARG1 *ICH*-3] [ARG0 Mr. Dahlen] , `` We 'll still be forced *-1 to sell items 0 we might not philosophically agree with *T*-2 . ''
- [ARG1 Health and Human Services Secretary Louis Sullivan has chosen Antonia Novello to be the next surgeon general] , [ARG0 Bush administration officials] [rel said] 0 *T*-1 .
- [ARG0 Dr. Novello 's office] [rel said] [ARG1 0 she would n't talk with reporters] , and it refused *-1 to release any information about her .
- [ARG0 The newsletter Medicine & Health , which *T*-1 first disclosed her selection by Dr. Sullivan ,] [rel said] [ARG1 0 she is 44 years old and she studied at the University of Puerto Rico School of Medicine] .
- Though [ARG0 Mr. Colton] [rel says] [ARG1 0 * expanding FHA lending would result in `` no cost to the government] , '' the mere diversion of funds from other parts of the economy and from other forms of housing -LRB- such as low-income -RRB- to the single-family home market would result in a major expense .
- But while the NAHB has suggested actions that states and localities should take *T*-1 *-3 to reduce regulatory barriers , the association has proposed no activist legislative program -- comparable to , [ARG0 *] [rel say] , its detailed request for more federal subsidies -- 0 *T*-2 to eliminate counterproductive controls .
- [ARG1 Two years ago when the NAHB lobbied for the $ 19 billion *U* omnibus housing bill *T*-1 , the organization `` basically dropped out of the taxpayers ' coalition] , '' [rel says] 0 *T*-2 [ARG0 Ms. MacDonald] .
- [ARG0 Diplomatic sources] [rel said] [ARG1 0 Mr. Kohl may now agree *-3 to set a date for the conference *-3 to make it *EXP*-1 clear that West Germany is still committed *-2 to EC unity] .
- `` [ARG1 We did n't trade much today , as our policy now is * to wait and see] , '' [rel said] *T*-1 [ARG0 a fund manager at Taisho Life Insurance Co] .
- `` [ARG1 Now we are looking for the time 0 * to place buy orders *T*-1] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 Unless there is a panic , this is the best time 0 * to buy *T*-1 , as was the case *?* two years ago] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 We have no plans *-2 to adjust our asset allocation in foreign equities] , '' [rel said] *T*-1 [ARG0 Masato Murakami , chief portfolio manager in the pension fund management department at Yasuda Trust & Banking Co] .
- [ARG0 He] [rel said] [ARG1 0 Friday 's Wall Street decline was `` well within the range of volatility '' that Yasuda Trust plans for *T*-1 when it charts its overseas investment strategy *T*-2] .
- [ARG0 Brokers and fund managers] [rel said] [ARG1 0 the region 's markets were reacting to Friday 's Wall Street plunge even though that decline was due to local factors such as failed corporate buy-outs and a deteriorating junk-bond market] .
- `` [ARG1 It 's pure psychology] , '' [rel said] *T*-1 [ARG0 William Au Yeung , an account executive for Drexel Burnham Lambert -LRB- HK -RRB- Ltd. in Hong Kong] .
- [ARG0 Several analysts] [rel said] [ARG1 0 Malaysia and Singapore had the biggest losses because they are relatively open to rapid cash flows] .
- `` [ARG1 Singapore took the hit because when people want *-2 to get out *T*-1 , they tend *-3 to go where the liquidity is *T*-4] , '' [rel said] *T*-5 [ARG0 Elizabeth Hambrecht , a regional analyst with Baring Securities -LRB- Hong Kong -RRB- Ltd] .
- [ARG0 Richard Chenevix-Trench , a director at Hong Kong-based Baring International Fund Managers Ltd. ,] [rel said] [ARG1 0 the market probably has n't hit bottom yet but is close] .
- `` [ARG1 If New York does n't collapse , I see maybe another 5 % on the downside , * not counting the risk of bad news out of China] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-ADV Still] , [ARGM-ADV despite the sudden reappearance of stock-market turbulence] , [ARG0 managers of Japanese investment funds] [rel said] [ARG1 0 they were n't planning *-1 to unload U.S. or European equities] .
- [ARG0 Frank Lloyd Wright] is reported *-1 to have [rel said] [ARGM-TMP once] [ARG1 that if you tipped the world on its side , everything loose would end up in California] .
- [ARG1 Overall , `` this is a pleasant rally but it 's very selective] , '' [rel said] 0 *T*-1 [ARG0 Arthur Cashin Jr. , a veteran PaineWebber Inc. trader at the Big Board] .
- [ARG0 Roland M. Machold , director of the New Jersey Division of Investment , which *T*-1 oversees $ 29 billion *U* in investments ,] [rel said] [ARG1 0 the `` first thing 0 we did *T*-2 was * to double our orders '' yesterday morning] .
- [ARG1 But then it shot upward 7 1\/2 as Goldman , Sachs & Co. stepped in and bought] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARGM-DIS However] , [ARG0 Disney specialist Robert Fagenson] [rel said] : `` [ARG1 I would be surprised *-1 if Goldman represented 4 % of the opening volume] . ''
- [ARGM-LOC At Donaldson , Lufkin & Jenrette Inc.] , [ARG0 head equity trader Dudley Eppel] [rel said] : `` [ARG1 I think 0 the opening was constructive] .
- `` [ARG1 It was bedlam on the upside] , '' [rel said] *T*-1 [ARG0 one Big Board specialist] .
- `` [ARG1 They were absolutely killed *-2 , slaughtered *-2] , '' [rel said] *T*-1 [ARG0 one Chicago-based options trader] .
- [ARG0 Some traders] [rel said] [ARG1 that the closely watched Major Market Index , whose 20 stocks *T*-1 mimic the Dow industrials , did n't lead yesterday 's big rally] .
- [ARG0 James Gallagher , a partner at specialist Fowler & Rosenau ,] [rel said] , [ARG1 `` The difference between today and two years ago '' -- `` Terrible Tuesday , '' Oct. 20 , 1987 -- `` is that then we needed a savior to go into the Major Market Index , spend $ 2 million *U* and get the program rally started *-1] .
- `` [ARG1 Futures were pulling the stock market higher] , '' [rel said] *T*-1 [ARG0 Donald Selkin , head of stock-index futures research at Prudential-Bache Securities Inc] .
- [ARG1 But yesterday , even with halts in such major blue-chip stocks as Merck , `` we expected -LRB- the halts -RRB- and it was n't too bad , ''] [rel said] 0 *T*-2 [ARG0 Donaldson 's Mr. Eppel , who *T*-1 had been critical of the specialists ' performance on Friday] .
- [ARG0 Mr. Phelan] [rel said] [ARG1 that program trading strategies were n't responsible for *-1 triggering Friday 's decline despite a jump in the use of the computer-driven strategies in recent months] .
- [ARG1 Some 24 million of the more than 100 million shares traded * in the final 90 minutes of Friday 's session , when the plunge in stock prices was concentrated *-1 *T*-2 , were program-related] , [ARG0 he] [rel said] 0 *T*-3 .
- Program trades make up 10 % of the exchange 's volume on an average day , but despite the increase Friday , it was `` certainly not something 0 [ARG0 you] [ARGM-MOD would] [rel say] [ARG1 0 *T*-1 precipitated the market decline] , '' Mr. Phelan said 0 *T*-2 .
- Program trades make up 10 % of the exchange 's volume on an average day , but [ARG1 despite the increase Friday , it was `` certainly not something 0 you would say 0 *T*-1 precipitated the market decline] , '' [ARG0 Mr. Phelan] [rel said] 0 *T*-2 .
- `` [ARG1 Obviously , every time 0 we get this kind of reaction *T*-2 , it 's going *-3 to make everybody *ICH*-1 nervous , including me] , '' [ARG0 he] [rel said] *T*-4 .
- [ARG0 He] [rel said] [ARG1 that exchange officials had conversations with Wall Street firms throughout the weekend and that `` all the participants behaved very , very responsibly today] . ''
- `` [ARG1 The institutions ca n't be criticized *-1 for their behavior] , '' [ARG0 Mr. DaPuzzo] [rel said] *T*-2 [ARGM-LOC in an interview] .
- [ARG0 Mr. Phelan] [rel said] [ARG1 0 the performance of specialists during Friday 's plunge was admirable , because out of 1,640 Big Board common stocks traded * during the day only seven *T*-1 were closed *-2 and were n't reopened *-2 before the close] .
- `` [ARG1 They did an excellent job] , '' [ARG0 Mr. Phelan] [rel said] *T*-1 of [ARG3-of the specialists] .
- `` [ARG1 Anybody can vote as they want *?*] , '' [rel said] *T*-1 [ARG0 Rep. William Lehman -LRB- D. , Fla. -RRB- , head of the House conferees] .
- *-1 Leery of the costs -- and , [ARG0 critics] [rel say] , competition -- the airlines have sought *-1 to gain leverage over the city of Denver .
- [ARG0 The company] [rel said] [ARG1 0 revenue rose 138 % , to $ 10.9 million *U* from $ 4.6 million *U* , * reflecting the success of its movies `` Gorillas in the Mist '' and `` Rainman , '' as well as the box-office smash `` Batman] .
- [ARG0 A group including Jon M. Huntsman of Salt Lake City ,] [rel said] [ARG1 0 it boosted its stake in Aristech Chemical Corp. to 8.36 % of the the common shares outstanding] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 the Huntsman group] [rel said] [ARG1 0 it controls 2,720,675 Aristech common shares , including 306,000 shares bought * from Aug. 21 to Oct. 13 for $ 20 to $ 20.875 *U* per share] .
- [ARG0 Waterford] [rel said] [ARG1 0 the appointment of a new management team and the signing of a comprehensive labor agreement are expected *-1 to enhance the company 's long-term prospects] .
- [ARG0 Traders] [rel said] [ARG1 0 yesterday 's modest easing did n't stir much enthusiasm because it had been widely expected *-1] .
- [ARG0 Some traders] [rel said] [ARG1 0 the high-yield market was helped *-1 by active institutional buying] .
- [ARG1 `` I think 0 the willingness *ICH*-1 of securities companies * to make markets for high-yield issues improved the sentiment for junk bonds , ''] [rel said] *T*-2 [ARG0 John Lonski , an economist at Moody 's Investors Service Inc] .
- [ARG1 `` Most of the action was during the night session , ''] [rel said] *T*-1 [ARG0 Michael Moore , trading manager at Continental Bank] .
- [ARG0 Jay Goldinger , who *T*-1 often trades overnight for Capital Insight Inc. , Beverly Hills , Calif. ,] [rel said] [ARG1 0 trading in Tokyo was `` very active '' but highly volatile] .
- [ARG1 Our markets were closely tied *-1 to the stock market , ''] [rel said] *T*-4 [ARG0 Joel Kazis , manager of trading at Smith Barney , Harris Upham & Co] .
- [ARG1 `` We went down 3\/4 point in 10 minutes right before lunch , then after lunch we went up 3\/4 point in 12 minutes , ''] [ARG0 he] [rel said] *T*-1 .
- [ARG1 A widening of that magnitude] , [rel said] 0 *T*-1 [ARG0 one New York trader] , is `` not a favorable number ... .
- [ARG1 `` Friday 's flight to quality was no longer needed *-2 once the stock market found its legs , ''] [ARG0 he] [rel said] *T*-3 .
- `` [ARG1 There 's lots of supply] , '' [ARG0 the New York trader] [rel said] *T*-1 .
- [ARG0 Dealers] [rel said] [ARG1 0 morning activity was hectic as prices dropped in response to gains in the stock market and losses in Treasury securities , but trading slowed to moderate levels in the afternoon] .
- [ARG0 Traders] [rel said] [ARG1 0 there were some busy dealings in Freddie Mac and Federal National Mortgage Association securities because underwriters from last week 's heavy slate of real estate mortgage investment conduit issues moved *-1 to gather collateral for new deals] .
- [ARG0 Traders] [rel said] [ARG1 0 retail investors seemed *-1 to be hugging the sidelines until a measure of volatility is wrung out of the market] .
- [ARG0 BMA Corp. , Kansas City , Mo. ,] [rel said] [ARG1 0 it 's weighing `` strategic alternatives , '' for its Business Men 's Assurance Co. unit , and is contacting possible buyers of the life and health insurance operation] .
- [ARG0 A BMA spokesman] [rel said] [ARG1 0 `` runaway medical costs '' have made health insurance `` a significant challenge , '' and margins also have been pinched *-1 by changes in the mix of life-insurance products 0 consumers now demand *T*-2] .
- [ARG1 The Business Men 's Assurance unit represented about $ 288 million *U* of the company 's $ 488 million *U* in 1988 revenue , and the unit 's operating income was about $ 10 million *U*] , [rel said] 0 *T*-1 [ARG0 the spokesman] .
- [ARG0 Laidlaw Transportation Ltd.] [rel said] [ARG1 0 it raised its stake in ADT Ltd. of Bermuda to 29.4 % from 28 %] .
- A spokesman for Laidlaw declined *-2 to disclose the price 0 the Toronto transportation and waste services concern paid *T*-1 for the additional shares , which [ARG0 he] [rel said] [ARG1 0 *T*-3 were acquired `` over the last couple of weeks . '']
- [ARG0 The spokesman] [rel said] [ARG1 0 Laidlaw would n't increase its stake in ADT beyond 30 % `` without a great deal of thought '' because of British takeover regulations that *T*-1 require a company acquiring more than 30 % to extend an offer to the rest of the company 's shareholders] .
- [ARG0 Hertz Corp. of Park Ridge , N.J. ,] [rel said] [ARG1 0 it retained Merrill Lynch Capital Markets *-1 to sell its Hertz Equipment Rental Corp. unit] .
- [ARG1 `` There is no pressing need * to sell the unit , but we are doing it so we can concentrate on our core business , * renting automobiles in the U.S. and abroad , ''] [rel said] *T*-1 [ARG0 William Slider , Hertz 's executive vice president] .
- [ARG0 It] [rel said] [ARG1 0 the loss resulted from startup and introduction costs related * to a new medical ultrasound equipment system] .
- [ARG1 Sales for the Pittsburgh-based producer of specialty steels and other materials fell to about $ 265 million *U* in the third quarter from $ 320.5 million *U* a year earlier] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the third-quarter estimate indicates profit for the nine months of $ 4.65 *U* a share , `` almost equal to the full-year 1988 earnings '' of $ 108.6 million *U* , or $ 4.81 *U* a share] .
- [ARG0 Mr. Simmons] [rel said] [ARG1 0 the third-quarter results reflect continued improvements in productivity and operating margins] .
- [ARG0 He] [rel said] [ARG1 0 capital spending next year will rise to about $ 45 million *U* from about $ 35 million *U* this year] .
- [ARG0 U.S. Banknote Co.] [rel said] [ARG1 0 it again extended the expiration date of its $ 7-a-share *U* tender offer for International Banknote Co. to Nov. 15] .
- [ARG0 U.S. Banknote] [rel said] [ARG1 0 it is in negotiations * to sell `` certain facilities , '' which it did n't name *T*-1 , to a third party , and it needs the extension *-2 to try *-3 to reach a definitive agreement on the sale] .
- [ARG0 U.S. Banknote] [rel said] [ARG1 0 it believes 0 the sale , if *-2 completed *-1 , apparently would satisfy antitrust issues raised * by the U.S. Justice Department about U.S. Banknote 's offer * to buy International Banknote] .
- [ARG0 U.S. Banknote] [rel said] [ARG1 0 `` there can be no assurance '' 0 a sale agreement would be concluded *-1] .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 0 the tender offer would probably have *-2 to be extended *-1 further * to complete financing arrangements] .
- [ARG0 U.S. Banknote] [rel said] [ARG1 0 Citibank extended the expiration date of its commitment for senior secured financing to Nov. 15] .
- [ARG0 U.S. Banknote] [rel said] [ARG1 that as of Oct. 13 , 16.1 million shares , or about 84.3 % of the fully diluted shares outstanding , had been tendered *-1] .
- [ARG0 Gitano Group Inc.] [rel said] [ARG1 0 it agreed *-1 to buy 50 % of Regatta Sport Ltd. , a closely held apparel maker , with the assumption of $ 3 million *U* of contingent debt] .
- [ARG1 In 1989 , Regatta will have sales `` in excess of $ 10 million *U* '' and will show a profit] , [ARG0 Mr. Parker] [rel said] 0 *T*-1 .
- [ARG0 Gitano , which *T*-1 makes budget-priced apparel sold * mainly through mass merchandisers like K mart and Wal-Mart ,] [rel said] [ARG1 0 the Regatta acquisition will enhance its strategy * to expand into department stores] .
- [ARG0 Enron Corp. , Houston ,] [rel said] [ARG1 0 the sale of preference units of its newly formed Enron NGL Partners L.P. master limited partnership subsidiary will result in an undetermined gain in the fourth quarter] .
- [ARGM-DIS In a related move] , [ARG0 Enron] [rel said] [ARG1 0 it increased the number of the partnership 's units 0 it will offer *T*-1 to 6,930,000 from 5,500,000] .
- [ARG0 Enron] [rel said] [ARG1 0 each unit will be priced *-1 in the $ 19-to-$21 *U* range and will represent about 80 % of the partnership equity] .
- [ARG0 Arthur M. Goldberg] [rel said] [ARG1 0 he extended his unsolicited tender offer of $ 32 *U* a share tender offer , or $ 154.3 million *U* , for Di Giorgio Corp. to Nov. 1] .
- [ARG0 DIG Acquisition Corp. , the New Jersey investor 's acquisition vehicle ,] [rel said] [ARG1 that as of the close of business yesterday , 560,839 shares had been tendered *-1] .
- [ARG1 `` The pendulum is swinging back to black and white , ''] [rel says] *T*-1 [ARG0 Richard DeMoulin , the general manager of Eastman Kodak Co. 's professional photography division] .
- [ARG1 *-1 Aimed *-3 at commercial photographers , the film can be used *-1 in very low light without * sacrificing quality ,] [rel says] 0 *T*-2 [ARG0 Donald Franz of Photofinishing Newsletter] .
- [ARG1 *-1 Slated *-3 for market by the end of the year , the paper `` could have been introduced *-1 a long time ago but the market was n't there then , ''] [rel says] 0 *T*-2 [ARG0 an Agfa spokesman] .
- Sales of Ilford 's four varieties of black-and-white film this year are outpacing growth in the overall market , although [ARG0 the company] [ARGM-MOD wo] [ARGM-NEG n't] [rel say] by [ARG1-by exactly how much] .
- [ARG1 `` We hope 0 the trend lasts , ''] [rel says] *T*-1 [ARG0 Laurie DiCara , Ilford 's marketing communications director] .
- [ARG1 `` It has an archival , almost nostalgic quality to it , ''] [rel says] *T*-1 [ARG0 Owen B. Butler , the chairman of the applied photography department at Rochester Institute of Technology] .
- [ARG0 Richard Crisman , the account manager for the campaign ,] [rel says] [ARG1 0 Gap did n't intentionally choose black and white to distinguish its ads from the color spreads of competitors] .
- [ARG1 `` We wanted *-1 to highlight the individual , not the environment , ''] [ARG0 he] [rel says] *T*-2 , `` and black and white allows you to do that better than color . ''
- [ARG1 Companies `` feel 0 black and white will convey a stronger statement , ''] [rel says] 0 *T*-2 [ARG0 Marc L. Hauser , a Chicago photographer who *T*-1 is working on a black-and-white print ad for Stouffer Food Corp. 's Lean Cuisine] .
- [ARG1 *-2 Using black and white , `` we can make housewives look like stars , ''] [rel says] 0 *T*-1 [ARG0 John Perrin] .
- [ARG1 His On-Broadway Photography studio in Portland , Ore. ,] doubled its business last year and , [ARG0 he] [rel says] 0 *T*-1 , is booked *-2 solid for the next five .
- [ARG0 One customer , Dayna Brunsdon ,] [rel says] [ARG1 0 she spurned a color portrait for black and white because `` it 's more dramatic] .
- I show it to my friends , and [ARG0 they all] [rel say] ` [ARG1 wow] . '
- [ARG1 `` It seems 0 computers as hobbies have waned , ''] [rel says] *T*-1 [ARG0 Ian Brightman , Beseler 's chairman and chief executive officer] .
- `` [ARG1 Black and white has n't made the same quantum leaps in technological development as color] , '' [rel says] *T*-1 [ARG0 Mr. Butler of the Rochester Institute] .
- [ARG0 You] [ARGM-MOD ca] [ARGM-NEG n't] [rel say] [ARG1 the same] [ARGM-MNR with black and white] . ''
- `` [ARG1 It 's got a classic spirit and carries over emotionally] , '' [rel says] *T*-1 [ARG0 Alfred DeBat of Professional Photographers of America] .
- [ARG0 McClatchy Newspapers Inc.] [rel said] [ARG1 0 improvements in advertising and subscription revenue led to a 21 % gain in third-quarter profit to $ 8.8 million *U* , or 31 cents a share , from $ 7.2 million *U* , or 25 cents a share] .
- [ARG0 A spokesman for Gatoil] [rel said] [ARG1 that the Swiss oil concern was examining the offer , submitted * last Friday , along with two other offers , also submitted * last week] .
- [ARG0 The spokesman] [ARGM-ADV further] [rel said] [ARG1 that at least two more offers *ICH*-2 are expected *-1 from other companies within two weeks] .
- [ARG1 `` It was an entirely different pattern from what we 're seeing *T*-1 now , ''] [ARG0 Mr. Moore] [rel says] *T*-2 .
- Notably absent from the Columbia index is *T*-2 the stock market , which [ARG0 Mr. Moore] [rel says] [ARG1 0 `` *T*-1 is simply no longer such a good indicator of the economy 's long-range prospects , though it still is useful for * anticipating some short-run twists and turns] . ''
- [ARG1 `` Stocks have become more sensitive to factors not directly tied * to the domestic economy , ''] [ARG0 Mr. Moore] [rel says] *T*-1 , [ARGM-ADV *-2 citing the exchange rate for the dollar on currency markets , the foreign-trade balance and inflows of foreign capital] .
- [ARG1 But the far stronger showing of the Columbia index `` makes a recession any time soon highly unlikely , ''] [rel says] 0 *T*-1 [ARG0 Geoffrey H. Moore , the director of the Columbia facility] .
- [ARG0 BSN S.A. , a leading French food group ,] [rel said] [ARG1 0 it agreed *-1 to acquire Birkel G.m.b . H. , a West German pasta maker] .
- [ARG1 The French group has an agreement giving it the right * to buy all the shares outstanding , and this could be completed *-1 within a few months ,] [ARG0 a BSN spokeswoman] [rel said] 0 *T*-2 .
- [ARG1 The takeover was submitted *-1 for approval by the West German cartel office] , [ARG0 BSN] [rel said] 0 *T*-2 .
- [ARG0 Moody 's Investors Service Inc.] said 0 it reduced its rating on $ 281 million *U* of senior and subordinated debt of this thrift holding company , to C from Ca , *-1 [rel saying] [ARG1 0 it believes 0 bondholders will recover only `` negligible principal] . ''
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it reduced its rating on $ 281 million *U* of senior and subordinated debt of this thrift holding company , to C from Ca ,] [ARGM-ADV *-1 saying 0 it believes 0 bondholders will recover only `` negligible principal] . ''
- [ARG0 The agency] [rel said] [ARG1 0 it confirmed American Continental 's preferred stock rating at C] .
- [ARG0 The rating agency] [rel said] [ARG1 0 about $ 85 million *U* in securities was affected *-1] .
- [ARG1 The downgrades] were prompted *-1 , [ARG0 Moody 's] [rel said] 0 *T*-2 , by the continuing turmoil in the junk bond market and the suspension of dividends on CenTrust 's preferred stock .
- [ARG0 Moody 's] [ARGM-DIS also] [rel said] [ARG1 0 it believed 0 the proposed sale of 63 CenTrust branches to Great Western Bank could , if * completed *-1 , endanger the thrift 's funding and market position] .
- [ARG0 Budget director Darman] [rel said] [ARG1 0 he wo n't give federal agencies much leeway in * coping with Gramm-Rudman spending cuts , which *T*-1 took effect yesterday] .
- [ARG0 Intel Corp.] [rel said] [ARG1 0 it reached an agreement *ICH*-1 with Alliant Computer Systems Corp. * to develop software standards for Intel 's i860 microprocessor] .
- [ARG0 Alliant] [rel said] [ARG1 0 it plans *-1 to use the microprocessor in future products] .
- [ARG0 Omnicare Inc. , which *T*-1 intends *-2 to expand its position in the medical and dental markets ,] [rel said] [ARG1 0 it acquired a cotton and gauze products division from closely held Sterile Products Corp. for $ 8.2 million *U*] .
- [ARG0 Omnicare] [rel said] [ARG1 0 it expects the division to add `` substantial sales volume and to make a positive contribution to our earnings in 1990 and beyond] . ''
- [ARG0 Omnicare] [rel said] [ARG1 0 the division operates under the trade name ACCO and supplies the medical and dental markets] .
- [ARG1 The business , based * in St. Louis , had sales of more than $ 14 million *U* in the fiscal year ended March 31] , [ARG0 Omnicare] [rel said] 0 *T*-1 .
- [ARG0 Burmah Oil PLC , a British independent oil and specialty chemicals marketing concern ,] [rel said] [ARG1 0 SHV Holdings N.V. of the Netherlands has built up a 6.7 % stake in the company] .
- [ARG0 James Alexander , a Burmah spokesman ,] [rel said] [ARG1 0 SHV had previously owned `` a little under 5 % '' of Burmah for about two years] .
- [ARG1 The Dutch company had n't notified Burmah of its reason for * increasing the stake] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 J.P. Industries Inc.] [rel said] [ARG1 0 it signed a definitive agreement * to sell its Builders ' Hardware Group to closely held Nalcor Inc. of Beverly Hills , Calif] .
- Terms were n't disclosed *-1 , but [ARG0 a J.P. Industries spokesman] [rel said] [ARG1 0 the amount 0 J.P. Industries will get *T*-2 for the group is `` a little better than * expected *-3 by the marketplace , and the marketplace had been expecting $ 25 million to $ 30 million *U*] . ''
- [ARG0 J.P. Industries , which *T*-2 is based *-1 in Ann Arbor , Mich. ,] [rel said] [ARG1 0 the sale completes a previously announced program * to divest itself of its hardware and plumbing supplies operations] .
- [ARG0 *-1 A unit of troubled Southmark Corp.] , the operator of nursing homes and retirement centers [rel said] [ARG1 0 it sustained a net loss of $ 1.6 million *U* , or nine cents a share , compared with net income of $ 1.3 million *U* , or eight cents a share , a year earlier] .
- [ARG0 The company] [rel said] [ARG1 0 the $ 3.1 million *U* reserve was created *-2 *-3 to reflect doubt about the collectability of receivables owed * to National Heritage by some of the real estate partnerships 0 it manages *T*-1] .
- [ARG0 The company] [ARGM-DIS also] [rel said] [ARG1 0 expenses incurred * by the previous board and management in the recent contest for control were recognized *-1 primarily in the first quarter ended Sept. 30] .
- [ARG0 United Biscuits] [rel said] [ARG1 0 the combined group , which *T*-1 will include businesses such as McVities biscuits and Terry 's confectionery , will have annual sales of more than # 1.5 billion *U* -LRB- $ 2.35 billion *U* -RRB- and trading profit of more than # 160 million *U* -LRB- $ 251 million *U* -RRB-] .
- [ARG1 `` The new structure will enable United Biscuits to focus clearly upon opportunities for planned growth during the 1990s , ''] [rel said] *T*-1 [ARG0 Bob Clarke , deputy chairman and group chief executive] .
- [ARG0 One analyst , Peter Cardillo of Josephthal & Co. , New York ,] [rel said] [ARG1 0 the gold market already had some good price-supporting technical factors that *T*-1 would have caused prices to rise , with or without the stock market] .
- [ARG1 `` What the stock market did *T*-1 was cause the rise to take place earlier than it would have happened *?* , ''] [rel said] *T*-2 [ARG0 Mr. Cardillo] .
- [ARG1 There 's a good chance that gold will retain its gains and rise further] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 This would be damaging to the dollar and supportive for gold] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Some analysts] [rel said] [ARG1 0 crude was due for a correction anyhow , following several days of significant gains] .
- [ARG1 Now] , [ARG0 the analyst] [rel said] 0 *T*-3 , only minor points remain *-1 to be cleaned *-2 up .
- `` [ARG1 For all intents and purposes , an agreement appears *-2 to have been achieved *-3] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 However , this was brushed *-1 aside by concern over the stock market] , [ARG0 the analyst] [rel said] 0 *T*-2 .
- [ARG1 `` It was simply overbought , ''] [ARG0 he] [rel said] 0 *T*-2 , and selling by funds that *T*-1 are computer guided helped *-3 depress prices .
- [ARG1 Technical considerations following the hurricane , which *T*-1 was a factor in the market Friday , caused prices to decline yesterday] , [rel said] 0 *T*-2 [ARG0 Ernest Simon , cotton specialist for Prudential-Bache Securities , New York] .
- [ARG1 However , after *-1 absorbing the potential effect of the hurricane , prices began *-1 to slip late Friday] , [ARG0 Mr. Simon] [rel said] 0 *T*-2 .
- [ARG1 That selling continued yesterday and kept prices under pressure] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Colder weather *ICH*-3 is being predicted *-1 for the high plains of Texas and the northern states of the Delta during the coming weekend] , [ARG0 Mr. Simon] [rel said] 0 *T*-2 .
- [ARG1 A price-depressing factor] , [ARG0 one analyst] [rel said] 0 *T*-2 , was that India , which *T*-1 had been expected *-3 to buy around 200,000 tons of sugar in the world market , did n't make any purchases .
- [ARG1 India recently bought 200,000 tons and was expected *-1 to buy more] , [ARG0 the analyst] [rel said] 0 *T*-2 .
- `` [ARG1 India may have felt that if there was a severe drop in the stock market and it affected sugar , it could buy at lower prices] , '' [rel said] *T*-1 [ARG0 Judith Ganes , analyst for Shearson Lehman Hutton , New York] .
- [ARG0 Knight-Ridder Inc.] [rel said] [ARG1 0 it would report increased earnings per share for the third quarter , * contrary to reported analysts ' comments that the publishing company 's earnings would be down] .
- [ARG0 A company spokesman] [rel said] [ARG1 0 he believed 0 the confusion was caused *-1 when James Batten , Knight-Ridder 's chairman and chief executive , told New York analysts two weeks ago that Knight-Ridder 's earnings per share for the first nine months of 1989 would `` be behind a little bit '' from like period of *T*-2]
- [ARG0 The Knight-Ridder spokesman] [rel said] [ARG1 0 the third-quarter earnings that the company plans *-1 to report *T*-2 Oct. 24 are expected *-3 to be up] .
- [ARG0 The spokesman] [rel said] [ARG1 0 he was `` comfortable '' with revised analysts ' projections that the company would report earnings of between 62 cents and 64 cents *U* a share , compared with the 53 cents a share 0 it reported *T*-1 for the 1988 third quarter] .
- [ARG0 Knight-Ridder] [rel said] [ARG1 0 it agreed with estimates that net income for all of 1989 would be around $ 2.86 *U* a share , compared with $ 2.59 *U* a share a year earlier] .
- [ARG0 DD Acquisition Corp.] [rel said] [ARG1 0 it extended its $ 45-a-share *U* offer for Dunkin ' Donuts Inc. to Nov. 1 from yesterday] .
- [ARG0 DD Acquisition] [rel said] [ARG1 that it already owns 15 % of the common shares of the doughnut shop chain and that as of the close of business Friday an additional 11 % had been tendered *-1 to its offer] .
- [ARGM-LOC In savings activity] , [ARG0 Mr. Sandler] [rel said] [ARG1 0 consumer deposits have enjoyed a steady increase throughout 1989 , and topped $ 11 billion *U* at quarter 's end for the first time in the company 's history] .
- [ARG0 Whirlpool Corp. , Benton Harbor , Mich. ,] [rel said] [ARG1 0 it has developed a process * to recover environmentally harmful chlorofluorocarbons , or CFCs , that *T*-1 previously entered the atmosphere during in-home repair of refrigerators and freezers] .
- [ARG0 The maker of home appliances] [rel said] [ARG1 0 the process , which *T*-1 involves the use of a multilayer plastic bag during repairs 0 *T*-2 to capture the gaseous substance and transport it to a recycling center , is already in use at a number of its service centers , and will be available to all authorized repair centers by spring] .
- [ARG0 Whirpool] [rel said] , [ARG1 `` We see this process as a small but important step toward eventual elimination of CFC use in appliance manufacture] .
- [ARG0 Maxus Energy Corp. , Dallas ,] [rel said] [ARG1 0 it discovered a new oil field northeast of its previously discovered Intan Field in the southeast Sumatra area of Indonesia] .
- [ARG0 Maxus] [rel said] [ARG1 0 it did n't run a production test on the three discovery wells 0 it drilled *T*-2 in the field , which *T*-1 is about 1.6 miles from the Intan Field , because the wells are similar to others drilled * at its Intan and Widuri fields] .
- [ARGM-DIS However] , [ARG0 Maxus] [rel said] [ARG1 0 it believes 0 the reserves in the field are about 10 million barrels of oil] .
- [ARG0 Environmental Systems Co.] [rel said] [ARG1 0 it is restating its results *-2 to reduce its reported net income for the first nine months of its fiscal year after *-2 discovering 0 it took tax credits that *T*-1 already had been taken *-3 last year] .
- [ARG0 The Little Rock , Ark. , hazardous-waste services company] [rel said] [ARG1 0 the restatement will reduce its net for the nine months ended July 31 to $ 2.5 million *U* , or 17 cents a share , from $ 3.7 million *U* , or 26 cents a share] .
- [ARG0 The company] [rel said] [ARG1 that for financial reporting purposes last year it took tax credits that *T*-2 will be recognized *-1 for tax purposes this year] .
- [ARG0 Jack W. Forrest , Environmental Systems president and chief executive officer ,] [rel said] [ARG1 0 the change increases the company 's effective tax rate to about 35 % from 20 %] .
- [ARG0 Memotec Data Inc.] [rel said] [ARG1 0 it signed a definitive merger agreement with ISI Systems Inc. under which Memotec will acquire ISI for $ 20 *U* -LRB- U.S. . -RRB- a share , or about $ 130 million *U* , in cash and securities *T*-1] .
- [ARG0 Memotec] [rel said] [ARG1 0 under the agreement , ISI , a Braintree , Mass. , provider of computer software and services to the insurance industry , will merge with a U.S. unit of Memotec created * for that purpose] .
- [ARG0 Memotec] [rel said] [ARG1 0 the agreement calls for it to make a $ 20-a-share *U* cash tender offer for all shares outstanding of ISI] .
- [ARGM-DIS But] [ARG0 it] [rel said] [ARG1 0 Charles Johnston , ISI chairman and president , agreed *-1 to sell his 60 % stake in ISI to Memotec upon completion of the tender offer for a combination of cash , Memotec stock and debentures] .
- [ARG0 Memotec] [rel said] [ARG1 0 the tender offer is conditioned *-1 on , among other things , holders tendering at least 15 % of the shares outstanding , other than the shares held * by Mr. Johnston] .
- [ARG0 ISI] [rel said] [ARG1 0 its board has instructed management *-1 to accept inquiries from any others interested * in *-2 making a bid] .
- [ARG0 ISI] [rel said] [ARG1 0 it can withdraw from the merger agreement with Memotec if a better bid surfaces] .
- [ARG0 CMS Energy Corp. , Jackson , Mich. ,] [rel said] [ARG1 0 it has resumed the purchase of its common stock under a program approved * by its directors in 1987] .
- [ARGM-TMP At the time of the original announcement] , [ARG0 CMS] [rel said] [ARG1 0 its board authorized the purchase of as many as five million of its shares] .
- [ARG0 A spokesman] [rel said] [ARG1 0 2.6 million shares have been purchased *-1 since then] .
- [ARG0 The company] [rel said] [ARG1 0 it will buy additional shares `` from time to time in the open market or in private transactions at prevailing market prices] . ''
- [ARG0 Hughes Aircraft Co. , a unit of General Motors Corp. ,] [rel said] [ARG1 0 it agreed *-1 to purchase the Electro-Optics Technology division of Perkin-Elmer Corp] .
- [ARG0 Perkin-Elmer , which *T*-2 is based *-1 in Norwalk , Conn. ,] [rel said] [ARG1 0 the sale of the Danbury , Conn. , unit is consistent with its restructuring strategy announced * in April] .
- [ARG0 Hughes of Los Angeles] [rel said] [ARG1 0 the PerkinElmer unit 's work complements efforts by its Electro-Optical and Data Systems group , which *T*-1 makes infrared sensors , military lasers and night vision equipment] .
- [ARG0 Hughes] [rel said] [ARG1 0 it expects the sale to close by year end] .
- [ARG0 Both the union and the regional telephone company] [rel said] [ARG1 0 they were working together *-1 to resolve differences] .
- [ARG0 Investors big and small] [rel say] [ARG1 0 they learned valuable lessons since the 1987 crash] : In this age of computerized trading , huge corrections or runups in a few hours ' time must be expected *-1 .
- [ARG0 Stephen Boesel , a major money manager for T. Rowe Price in Baltimore ,] [rel says] , [ARG1 `` There was less panic than in 1987 : We had been through it once] . ''
- [ARG1 `` I look at it as a ho-hum matter , ''] [ARG0 he] [rel says] *T*-1 .
- [ARG1 `` There is too much complacency , ''] [rel says] *T*-1 [ARG0 money manager Barry Schrager] .
- [ARG1 Clients `` are all staying out '' of the market] , [ARG0 one Merrill trader] [rel says] 0 *T*-1 .
- [ARG1 `` The beginning was chaotic , ''] [rel says] *T*-1 [ARG0 Nigel Longley , a broker for Commerzbank]
- [ARG1 `` I see concern , but I do n't see panic , ''] [rel says] *T*-2 [ARG0 J. Francis Palamara , a New Yorker who *T*-1 runs the 15-trader office] .
- [ARGM-DIS But] [ARGM-TMP shortly before then] , [ARG0 some of Wall Street 's sharpest traders] [rel say] , [ARG1 0 they sensed a turn] .
- [ARG1 `` The first thing that *T*-1 caught my eye that *T*-2 was encouraging was 0 Treasury bonds were off , ''] [rel says] *T*-3 [ARG0 Austin George , head of stock trading at T. Rowe Price] .
- [ARG1 Japanese] were [rel said] *-1 to be heavy buyers .
- [ARG1 Then] , [ARG0 traders] [rel say] 0 *T*-1 , corporations with share buy-back programs kicked into high gear , * triggering gains in , among other issues , Alcan Aluminium and McDonald 's .
- [ARG1 But then it suddenly burst upward 7.5 as Goldman , Sachs & Co. stepped in and bought almost every share offer] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG1 `` It was bedlam on the upside , ''] [rel said] *T*-1 [ARG0 one Big Board specialist] .
- [ARG0 Mr. LeBaron , who *T*-1 manages $ 10 billion *U* ,] [rel says] , [ARG1 `` We turned the trading system on , and it did whatever it was programmed *-3 to do *T*-2 . '']
- [ARGM-ADV *-2 Asked *-3 what stocks the computer bought *T*-1] , [ARG0 the money manager] [rel says] , [ARG1 `` I do n't know] . ''
- [ARG1 `` They were absolutely killed *-2 , slaughtered *-2 , ''] [rel said] *T*-1 [ARG0 one Chicago-based options trader] .
- [ARG0 Charles Clough , a strategist at Merrill Lynch ,] [rel says] [ARG1 0 bargain hunting had explained the Dow 's strength up to that point and that many market professionals were anticipating a drop in the Dow] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 James Norman , the mayor of Ava , Mo.] : `` I do n't invest in stocks .
- [ARG1 While Mayor Norman found the market 's performance Monday reassuring] , [ARG0 he] [rel says] 0 *T*-1 , he remains uneasy .
- `` We have [ARG0 half the experts] [rel saying] [ARG1 one thing *RNR*-3] and half the other '' *RNR*-3 about the course of the economy .
- [ARG0 Ralph Holzfaster , a farmer and farm-supply store operator in Ogallala , Neb. ,] [rel says] of [ARG3-of the last few days events] , [ARG1 `` If anything good comes out of this , it might be that it puts some of these LBOs on the skids . '']
- [rel Says] [ARG0 Gordon Fines , a money manager at IDS Financial Services in Minneapolis ,] [ARG1 `` You 're on a roller coaster , and that may last] .
- [ARG0 Skipper 's Inc. , Bellevue , Wash. ,] [rel said] [ARG1 0 it signed a definitive merger agreement for a National Pizza Corp. unit to acquire the 90.6 % of Skipper 's Inc. 0 it does n't own *T*-1 for $ 11.50 *U* a share , or about $ 28.1 million *U*] .
- [ARG0 Pittsburg , Kan.-based National Pizza] [rel said] [ARG1 0 the transaction will be financed *-1 under its revolving credit agreement] .
- [ARG0 Skipper 's] [rel said] [ARG1 0 the merger will help *-1 finance remodeling and future growth] .
- [ARG0 National Pizza] [rel said] [ARG1 0 it settled its dispute with Pizza Hut , * allowing it to make the purchase] .
- [ARG1 Also , Skipper 's results began *-1 to turn around , * permitting a higher offer] , [ARG0 National Pizza] [rel said] 0 *T*-2 .
- [ARG0 The space agency] [rel said] [ARG1 0 it did n't expect weather or protesters to block the liftoff] .
- [ARG1 The Bush administration is preparing *-1 to extend a ban on federal financing of research using fetal tissue] , [ARG0 government sources] [rel said] 0 *T*-2 .
- [ARG1 In what *T*-2 was considered *-1 the largest protest in the Communist state 's 40-year history , at least 120,000 demonstrators marched through the southern city of Leipzig *-4 to press demands for democratic freedoms] , [ARG0 opposition activists] [rel said] 0 *T*-3 .
- [ARGM-ADV While anti-abortion groups are opposed *-1 to such research] , [ARG0 scientists] have [rel said] [ARG1 0 * transplanting such tissue could be effective in * treating diabetes] .
- [ARG0 Five African nations] , [ARGM-DIS however] , [rel said] [ARG1 0 they would continue *-1 selling the valuable tusks] .
- [ARG0 The Egyptian president] [rel said] [ARG1 0 he would visit Libya today *-1 to resume the talks] .
- [ARG0 The White House] [rel said] [ARG1 0 Bush is `` fully satisfied *-1 '' with CIA Director Webster and the intelligence agency 's performance during the Oct. 3 failed coup in Panama] .
- [ARG0 A spokesman] [rel said] [ARG1 0 the guerrillas would present a cease-fire proposal *ICH*-2 during the negotiations in Costa Rica that *T*-1 includes constitutional and economic changes] .
- [ARG0 The State Department] [rel said] [ARG1 0 there was a `` possibility '' that some Nicaraguan rebels were selling their U.S.-supplied arms to Salvadoran guerrillas] , but insisted 0 it was n't an organized effort .
- [ARG0 Secretary of State Baker] , in a foreign policy speech , called for the reunification of Germany , *-1 [rel saying] [ARG1 0 it was the `` legitimate right '' of the German people] .
- [ARG1 British retail sales volume rose a provisional 0.4 % in September from August and was up 2.2 % from September 1988] , [ARG0 the Department of Trade and Industry] [rel said] 0 *T*-1 .
- [ARG0 A spokesman] [rel said] [ARG1 0 the company had sales of $ 400 million *U* in 1988] .
- [ARGM-TMP Shortly after *-1 completing the $ 1.56 billion *U* acquisition of West Point-Pepperell Inc. in April] , [ARG0 Mr. Farley 's holding company , Farley Inc. ,] [rel said] [ARG1 0 it was considering the sale of Cluett , a leading shirt maker and one of West Point-Pepperell 's biggest units] .
- [ARG0 The companies] [rel said] [ARG1 0 the agreement is subject to Bidermann 's receipt of financing and to regulatory and other approvals] .
- [ARG0 They] [rel said] [ARG1 0 the sale is expected *-2 to be concluded *-1 by the end of November] .
- [ARG0 Mr. Farley] [rel said] [ARG1 0 the sale of three of Cluett 's four main divisions plus other `` anticipated '' West Point-Pepperell asset sales by December , should bring in a total of about $ 700 million *U*] .
- But the Blue Arrow tumult is n't over yet , as the British government is investigating a disputed # 25 million *U* -LRB- $ 39.4 million *U* -RRB- loan which [ARG0 Mr. Fromstein] has [rel said] [ARG1 0 *T*-2 was made *-1 under Mr. Berry 's direction] .
- [ARG0 Blue Arrow Chairman Mitchell Fromstein] [rel said] [ARGM-LOC in an interview] [ARG1 that the two steps may be a prelude to * reincorporating the world 's biggest employment-services group in the U.S.] .
- [ARG1 `` Our balance sheets look like they came from Alice 's wonderland , ''] [ARG0 Mr. Fromstein] [rel said] *T*-1 .
- [ARG0 Mr. Fromstein] [rel said] [ARG1 0 he hopes *-1 to eradicate some of the good will left * on Blue Arrow 's U.S. books in one fell swoop] , but would n't specify how much .
- [ARG1 The number of U.S. temporary workers fell about 1 % in the 12 months ending Aug. 31 , after *-2 sliding nearly 3.5 % in July] , [rel said] 0 *T*-1 [ARG0 Kidder Peabody 's Mr. Arthur] .
- [ARG1 `` In the U.S. market , the recognition of the Manpower name is infinitely stronger than Blue Arrow , ''] [ARG0 Mr. Fromstein] [rel said] *T*-1 .
- [ARG1 `` It further reinforces the concept that Blue Arrow is a thing of the past , ''] [rel said] *T*-1 [ARG0 Doug Arthur , an analyst at Kidder Peabody & Co. in New York] .
- [ARG1 * Reaching that goal] , [rel says] 0 *T*-1 [ARG0 Robert T. Foote , Applied 's chief financial officer] , will require `` efficient reinvestment '' of cash by Applied and continuation of its healthy 19 % rate of return on operating capital .
- [ARG1 While profitable , it `` was n't growing and was n't providing a satisfactory return on invested capital , ''] [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 With a little patience , these businesses will perform very satisfactorily] , '' [ARG0 Mr. Sim] [rel says] *T*-1 .
- [ARG1 When he came to Applied *T*-1 , `` I did n't have the power * to execute as I do today , ''] [ARG0 he] [rel says] 0 *T*-2 .
- [ARGM-DIS But] [ARG0 analysts] , [ARGM-ADV while *-1 applauding the acquisition] , [rel say] [ARG1 0 Applied 's chief executive faces a tough challenge in * integrating the two companies] .
- `` [ARG1 The question is how long it 's going *-1 to take Barry Wright *T*-2 *-4 to make a contribution] , '' [rel says] *T*-3 [ARG0 F. John Mirek , an analyst at Blunt Ellis Loewi in Milwaukee] .
- Countered 0 *ICH*-2 James Maguire , chairman of specialists Henderson Brothers Inc. : `` It *EXP*-1 is easy * to [rel say] [ARG1 0 the specialist is n't doing his job] .
- [ARG1 Some `` circuit breakers '' installed * after the October 1987 crash] failed their first test , [ARG0 traders] [rel say] 0 *T*-1 , *-2 unable *-3 to cool the selling panic in both stocks and futures .
- [ARG1 On the exchange floor , `` as soon as UAL stopped *-2 trading , we braced for a panic] , '' [rel said] 0 *T*-1 [ARG0 one top floor trader] .
- [ARG0 Traders] [rel said] [ARG1 0 most of their major institutional investors , on the other hand , sat tight] .
- [ARG1 Big investment banks refused *-1 to step up to the plate *-2 to support the beleaguered floor traders by *-3 buying big blocks of stock] , [ARG0 traders] [rel say] 0 *T*-4 .
- `` [ARG1 It screwed things up] , '' [rel said] *T*-1 [ARG0 one major specialist] .
- `` [ARG1 When the airline information came through *T*-2 , it cracked every model 0 we had *T*-1 for the marketplace] , '' [rel said] *T*-3 [ARG0 a managing director at one of the largest program-trading firms] .
- [ARG0 Big Board Chairman John J. Phelan] [rel said] [ARGM-TMP yesterday] [ARG1 0 the circuit breaker `` worked well mechanically] .
- [ARG0 Futures traders] [rel say] [ARG1 0 the S&P was signaling that the Dow could fall as much as 200 points] .
- [ARGM-DIS However] , [ARG0 Jeffrey B. Lane , president of Shearson Lehman Hutton Inc. ,] [rel said] [ARG1 that Friday 's plunge is `` going *-1 to set back '' relations with customers , `` because it reinforces the concern of volatility] .
- [ARG0 Jeffrey Yass of program trader Susquehanna Investment Group] [rel said] [ARG1 0 2,000 S&P contracts *ICH*-1 were for sale on the close , the equivalent of $ 330 million *U* in stock] .
- [ARG1 While Friday 's debacle involved mainly professional traders rather than investors , it left the market vulnerable to continued selling this morning] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 The Big Board 's Mr. Grasso] [rel said] , [ARG1 0 `` Our systemic performance was good] . ''
- [ARG1 Obviously we 'll take a close look at any situation in which we think 0 the dealer-community obligations were n't met *-1 *T*-2] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG0 Mr. Phelan] [rel said] , [ARG1 0 `` It *EXP*-2 will take another day or two '' * to analyze who *T*-1 was buying and selling Friday] .
- [ARG1 Once again -LCB- the specialists -RCB- were not able *-3 to handle the imbalances on the floor of the New York Stock Exchange] , '' [rel said] *T*-2 [ARG0 Christopher Pedersen , senior vice president at Twenty-First Securities Corp] .
- [ARG0 The company] [rel said] [ARG1 0 a portion of the $ 32 million *U* realized * from the sales will be used *-1 *-2 to repay its bank debt and other obligations resulting from the currently suspended air-charter operations] .
- [ARG0 A consortium of private investors operating as LJH Funding Co.] [rel said] [ARG1 0 it has made a $ 409 million *U* cash bid for most of L.J. Hooker Corp. 's real-estate and shopping-center holdings] .
- `` [ARG1 We do n't anticipate any problems in * raising the funding for the bid] , '' [rel said] [ARG0 Allan Campbell , the head of mergers and acquisitions at Hoare Govett] , [ARGM-LOC in an interview] .
- Eventually Mr. Simpson and Mr. Herscu had a falling out over the direction of the company , and [ARG0 Mr. Simpson] [rel said] [ARG1 0 he resigned in 1988] .
- [ARGM-ADV *-2 Reached *-1 in Honolulu] , [ARG0 Mr. Shidler] [rel said] [ARG1 that he believes 0 the various Hooker malls can become profitable with new management] .
- `` [ARG1 These are n't mature assets , but they have the potential 0 * to be so *T*-1] , '' [rel said] *T*-2 [ARG0 Mr. Shidler] .
- `` [ARG1 The assets are good , but they require more money and management '' than * can be provided *-1 in L.J. Hooker 's current situation] , [rel said] 0 *T*-2 [ARG0 Mr. Simpson] [ARGM-LOC in an interview] . ``
- [ARG0 Sanford Sigoloff , chief executive of L.J. Hooker ,] [rel said] [ARGM-TMP yesterday] [ARGM-LOC in a statement] [ARG1 that he has not yet seen the bid but that he would review it and bring it to the attention of the creditors committee] .
- [ARG1 Canadian steel-ingot production totaled 291,890 metric tons in the week ended Oct. 7 , up 14.8 % from the preceding week 's total of 254,280 tons] , [ARG0 Statistics Canada , a federal agency ,] [rel said] 0 *T*-1 .
- [ARGM-TMP As small investors peppered their mutual funds with phone calls over the weekend] , [ARG0 big fund managers] [rel said] [ARG1 0 they have a strong defense against any wave of withdrawals : cash] .
- [ARGM-DIS But] [ARG0 fund managers] [rel say] [ARG1 0 they 're ready] .
- [ARG0 Windsor Fund 's John Neff and Mutual Series ' Michael Price] [rel said] [ARG1 0 they had raised their cash levels to more than 20 % and 30 % *U* , respectively , this year] .
- `` [ARG1 I 've let the money build up] , '' [ARG0 Mr. Lynch *ICH*-2] [rel said] *T*-1 , who *T*-4 added that he has had trouble *-5 finding stocks 0 he likes *T*-3 .
- [ARGM-DIS And] [ARG0 many fund managers] have built up cash levels and [rel say] [ARG1 0 they will be buying stock this week] .
- [ARGM-DIS But] [ARG1 a strong level of investor withdrawals is much more unlikely this time around] , [ARG0 fund managers] [rel said] 0 *T*-1 .
- `` [ARG1 There 's not nearly as much froth] , '' [rel said] *T*-1 [ARG0 John Bogle , chairman of Vanguard Group Inc. , a big Valley Forge , Pa. , fund company] .
- [ARGM-ADV If the market drops further today] , [ARG0 he] [rel said] [ARG1 0 he 'll be buying blue chips such as Bristol-Myers and Kellogg] .
- `` [ARG1 If they croak stocks like that] , '' [ARG0 he] [rel said] *T*-2 , it presents an opportunity that *T*-1 is `` the kind of thing 0 you dream about *T*-3 . ''
- [ARG0 Major mutual-fund groups] [rel said] [ARG1 0 phone calls were arriving at twice the normal weekend pace yesterday] .
- [ARG0 The Boston firm] [rel said] [ARG1 0 stock-fund redemptions were running at less than one-third the level two years ago] .
- [ARG1 But most investors seemed *-1 to be `` in an information mode rather than in a transaction mode] , '' [rel said] 0 *T*-2 [ARG0 Steven Norwitz , a vice president] .
- And [ARG0 Vanguard] , [ARGM-LOC among other groups] , [rel said] [ARG1 0 it was adding more phone representatives today *-1 to help investors get through] .
- `` [ARG1 We view -LCB- Friday 's -RCB- market decline as *-1 offering us a buying opportunity as long-term investors] , '' [ARG0 a recording at Gabelli & Co. funds] [rel said] *T*-2 [ARGM-TMP over the weekend] .
- `` [ARG1 This is not a major crash] , '' [ARG0 she] [rel said] *T*-1 .
- [ARGM-DIS Nevertheless] , [ARG0 Ms. Garzarelli] [rel said] [ARG1 0 she was swamped *-1 with phone calls *ICH*-2 over the weekend from nervous shareholders] .
- `` [ARG1 Half of them are really scared and want *-1 to sell] , '' [ARG0 she] [rel said] , `` but I 'm trying *-2 to talk them out of it . ''
- [ARG1 Two years ago , unlike today , the dollar was weak , interest rates were rising and the market was very overvalued] , [ARG0 they] [rel say] 0 *T*-1 .
- `` [ARG1 From the investors ' standpoint , institutions and individuals learned a painful lesson ... by *-1 selling at the lows '' on Black Monday] , [rel said] 0 *T*-2 [ARG0 Stephen Boesel , manager of the $ 580 million *U* T. Rowe Price Growth and Income Fund] .
- `` [ARG1 Two years ago there were massive redemption levels over the weekend and a lot of fear around] , '' [rel said] *T*-2 [ARG0 C. Bruce Johnstone , who *T*-1 runs Fidelity Investments ' $ 5 billion *U* Equity-Income Fund] .
- [ARG0 Newport Corp.] [rel said] [ARG1 0 it expects *-1 to report fiscal-first-quarter earnings of between 15 cents and 19 cents *U* a share , somewhat below analysts ' estimates of 19 cents to 23 cents] .
- [ARG0 The maker of scientific instruments and laser parts] [rel said] [ARG1 0 orders fell below expectations in recent months] .
- [ARG0 Peter Otradovec , vice president for planning at the Phoenix , Ariz. , carrier ,] [rel said] [ARGM-LOC in an interview] [ARG1 that the work stoppage at Boeing , now entering its 13th day , `` has caused some turmoil in our scheduling '' and that more than 500 passengers who *T*-2 were booked *-3 to fly out of Houston on America West would now be put *-1 on other airlines] .
- `` [ARG1 I figure that American and United probably have such a hard time *-2 counting all the planes in their fleets , 0 they might not miss one at all] , '' [ARG0 Mr. Otradovec] [rel said] *T*-1 .
- `` [ARG1 It 's so close to completion , 0 Boeing 's told us 0 there wo n't be a problem] , '' [rel said] *T*-1 [ARG0 a Southwest spokesman] .
- [ARG0 A spokesman for AMR Corp.] [rel said] [ARG1 0 Boeing has assured American Airlines 0 it will deliver a 757 on time later this month] .
- `` [ARG1 We want *-3 to make sure 0 they know what they want *T*-2 before they come back] , '' [rel said] *T*-4 [ARG0 Doug Hammond , the federal mediator who *T*-1 has been in contact with both sides since the strike began] .
- [ARG0 Mr. Otradovec] [rel said] [ARG1 0 Boeing told America West that the 757 0 it was supposed *-3 to get *T*-2 this Thursday would n't be delivered *-1 until Nov. 7 -- the day after the airline had been planning *-4 to initiate service at Houston with four daily flights , including three nonstops to Phoenix and one nonstop to Las Vegas] .
- `` [ARG1 The market has taken two views : that the labor situation will get settled *-2 in the short term and that things look very rosy for Boeing in the long term] , '' [rel said] *T*-1 [ARG0 Howard Rubel , an analyst at Cyrus J. Lawrence Inc] .
- [ARGM-DIS But] [ARG0 Mr. Baker] [rel said] [ARG1 0 he thinks 0 the earliest 0 a pact could be struck *-1 *T*-2 would be the end of this month] , [ARGM-ADV *-3 hinting that the company and union may resume negotiations as early as this week] .
- [ARG1 Still] , [ARG0 he] [rel said] 0 *T*-2 , it *EXP*-1 's possible that the strike could last considerably longer .
- Last week , [ARG0 Boeing Chairman Frank Shrontz] sent striking workers a letter , *-1 [rel saying] [ARG1 that `` to my knowledge , Boeing 's offer represents the best overall three-year contract of any major U.S. industrial firm in recent history] . ''
- -- [ARG0 United Auto Workers Local 1069 , which *T*-1 represents 3,000 workers at Boeing 's helicopter unit in Delaware County , Pa. ,] [rel said] [ARG1 0 it agreed *-2 to extend its contract on a day-by-day basis , with a 10-day notification * to cancel , while it continues *-3 bargaining] .
- -- [ARGM-DIS And] [ARG0 Boeing] [ARGM-TMP on Friday] [rel said] [ARG1 0 it received an order *ICH*-1 from Martinair Holland for four model 767-300 wide-body jetliners valued * at a total of about $ 326 million *U*] .
- [ARG0 A Boeing spokeswoman] [rel said] [ARG1 0 a delivery date for the planes is still being worked *-1 out `` for a variety of reasons , but not because of the strike] . ''
- `` [ARG1 I just do n't feel that the company can really stand *RNR*-2 or would want *RNR*-2 a prolonged walkout] , '' [ARG0 Tom Baker , president of Machinists ' District 751 ,] [rel said] *T*-1 [ARGM-LOC in an interview] [ARGM-TMP yesterday] .
- [ARG0 Atco Ltd.] [rel said] [ARG1 0 its utilities arm is considering *-1 building new electric power plants , some valued * at more than one billion Canadian dollars -LRB- US$ 851 million *U* -RRB- , in Great Britain and elsewhere] .
- [ARG0 C.S. Richardson , Atco 's senior vice president , finance ,] [rel said] [ARG1 0 its 50.1%-owned Canadian Utilities Ltd. unit is reviewing cogeneration projects in eastern Canada , and conventional electric power generating plants elsewhere , including Britain , where the British government plans *-1 to allow limited competition in electrical generation from private-sector suppliers as part of its privatization program *T*-2] .
- `` [ARG1 There seems *-1 to be a move *ICH*-2 around the world * to deregulate the generation of electricity] , '' [ARG0 Mr. Richardson] [rel said] 0 *T*-4 , and Canadian Utilities hopes *-3 to capitalize on it .
- `` [ARG1 This is a real thrust on our utility side] , '' [ARG0 he] [rel said] , [ARGM-ADV *-1 adding that Canadian Utilities is also mulling projects in underdeveloped countries , though he would be specific] .
- `` [ARG1 We 're certainly looking at some power generating projects in England] , '' [rel said] *T*-1 [ARG0 Bruce Stram , vice president , corporate strategy and corporate planning , with Enron Corp. , Houston , a big natural gas producer and pipeline operator] .
- [ARG0 Mr. Stram] [rel said] [ARG1 0 Enron is considering *-2 building gas-fired power plants *ICH*-4 in the U.K. capable of *-3 producing about 500 megawatts of power at a cost of about $ 300 million to $ 400 million *U*] .
- [ARG1 They can be C$ 1 billion *U* plus] , '' [ARG0 Mr. Richardson] [rel said] *T*-1 .
- `` [ARG1 But we would n't go into them alone , '' and Canadian Utilities ' equity stake would be small] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 Our long suit is our proven ability * to operate '' power plants] , [ARG0 he] [rel said] 0 *T*-1 .
- Mr. Richardson would n't offer specifics regarding Atco 's proposed British project , but [ARG0 he] [rel said] [ARG1 0 it would compete for customers with two huge British power generating companies that *T*-2 would be formed *-1 under the country 's plan * to privatize its massive water and electric utilities] .
- [ARG0 PSE Inc.] [rel said] [ARG1 0 it expects *-1 to report third earnings of $ 1.3 million to $ 1.7 million *U* , or 14 cents to 18 cents a share] .
- [ARG0 The company] [rel said] [ARG1 0 the improvement is related to additional cogeneration facilities that *T*-3 have been put *-2 into operation] .
- [ARG0 Diamond Shamrock Offshore Partners] [rel said] [ARG1 0 it had discovered gas offshore Louisiana] .
- [ARG0 Kaufman & Broad Home Corp.] [rel said] [ARG1 0 it formed a $ 53.4 million *U* limited partnership subsidiary 0 *T*-1 to buy land in California suitable for residential development] .
- `` [ARG1 This is one of the best ways 0 * to assure a pipeline of land 0 *T*-2 to fuel our growth at a minimum risk to our company *T*-3] , '' [ARG0 Mr. Karatz] [rel said] *T*-1 .
- [ARG1 The partnership runs the risk that it may not get the approvals for development , but in return , it can buy land at wholesale rather than retail prices , which *T*-2 can result in sizable savings] , [rel said] 0 *T*-1 [ARG0 Bruce Karatz , president and chief executive officer of Kaufman & Broad] .
- [ARG1 Typically , developers option property , and then once they get the administrative approvals , they buy it] , '' [rel said] *T*-1 [ARG0 Mr. Karatz] , [ARGM-ADV *-2 adding that he believes 0 the joint venture is the first of its kind] .
- [ARG1 By *-1 setting up the joint venture , Kaufman & Broad can take the more aggressive approach of *-1 buying raw land , while *-1 avoiding the negative impacts to its own balance sheet] , [ARG0 Mr. Karatz] [rel said] 0 *T*-2 .
- `` [ARG1 We were all wonderful heroes last year] , '' [rel says] *T*-1 [ARG0 an executive at one of Quantum 's competitors] .
- [ARG0 Kenneth Mitchell , director of Dow 's polyethylene business] , [rel says] [ARG1 0 producers were surprised *-1 to learn how much inventories had swelled throughout the distribution chain as prices spiraled up *T*-2] .
- `` [ARG1 People were even hoarding bags] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Mr. Stookey] [rel said] of [ARG3-of the boom] , [ARG0 0 `` It 's going *-1 to last a whole lot longer than anybody thinks 0 *?*] . ''
- *-3 Noting others ' estimates of when price increases can be sustained *-1 *T*-2 , he remarks , 0 `` [ARG0 Some] [rel say] [ARG1 October] .
- [ARG0 Some] [rel say] [ARG1 November] .
- [ARG0 I] [rel say] [ARG1 1992] . ''
- `` [ARG0 You] [rel say] [ARG1 0 you could have sold X percent of this product and Y percent of that] , '' recalls *T*-2 Theodore Semegran , an analyst at Shearson Lehman Hutton who *T*-1 went through this exercise during his former career as a chemical engineer .
- [ARGM-ADV *-2 Asked *-1 about a bid for Quantum] , [ARG0 a BP spokesman] [rel says] , `` [ARG1 0 We pretty much have a policy of *-3 not commenting on rumors , and I think 0 that falls in that category] .
- `` [ARG1 The studies -LCB- on * closing the unit -RCB- could n't be completed *-1 until now] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG0 The spokesman] [rel said] [ARG1 0 RJR is discussing its network-buying plans with its two main advertising firms , FCB\/Leber Katz and McCann Erickson] .
- `` [ARG1 We found with the size of our media purchases that an ad agency could do just as good a job at significantly lower cost] , '' [rel said] *T*-3 [ARG0 the spokesman , who *T*-1 declined *-4 to specify how much RJR spends *T*-2 on network television time] .
- [ARG0 An executive close to the company] [rel said] [ARG1 0 RJR is spending about $ 140 million *U* *ICH*-1 on network television time this year , down from roughly $ 200 million *U* last year] .
- [ARG0 The spokesman] [rel said] [ARG1 0 the broadcast unit will be disbanded *-1 Dec. 1 , and the move wo n't affect RJR 's print , radio and spot-television buying practices] .
- [ARG0 One employee with the group] [rel said] [ARG1 0 RJR moved 11 employees of the group back to New York in September because `` there was supposed *-1 to be a future] . ''
- [ARG0 He] [rel said] [ARG1 0 the company hired three more buyers for the unit within the past two weeks , *-1 wooing them from jobs with advertising agencies] .
- [ARG0 The RJR spokesman] [rel said] [ARG1 0 the company moved the 11 employees to New York last month because the group had then been in the midst of *-1 purchasing ad time for the networks ' upcoming season] .
- [ARG0 The Bush administration] [ARGM-TMP earlier this year] [rel said] [ARG1 0 it would extend steel quotas , known * as voluntary restraint agreements , until March 31 , 1992] .
- [ARG0 It] [ARGM-DIS also] [rel said] [ARG1 0 it would use that two-and-a-half year period *-2 to work toward an international consensus on * freeing up the international steel trade , which *T*-1 has been notoriously managed , subsidized and protected *-3 by governments] .
- [ARG1 Automatic call processors] will provide that system for virtually any telephone , [ARG0 Mr. Pierce] [rel said] 0 *T*-1 , not just phones produced * by Elcotel .
- [ARG0 George Pierce , chairman and chief executive officer ,] [rel said] [ARGM-LOC in an interview] [ARG1 that earnings in the most recent quarter will be about two cents a share on revenue of just under $ 4 million *U*] .
- [ARG1 The lower results] , [ARG0 Mr. Pierce] [rel said] 0 *T*-1 , reflect a 12-month decline in industry sales of privately owned pay telephones , Elcotel 's primary business .
- [ARGM-ADV Although Mr. Pierce expects that line of business to strengthen in the next year] , [ARG0 he] [rel said] [ARG1 0 Elcotel will also benefit from *-1 moving into other areas] .
- [ARG1 Foremost among those is *T*-1 the company 's entrance into the public facsimile business] , [ARG0 Mr. Pierce] [rel said] 0 *T*-2 .
- [ARG0 Mr. Pierce] [rel said] [ARG1 0 Elcotel should realize a minimum of $ 10 *U* of recurring net earnings for each machine each month] .
- [ARG1 Britain 's retail price index rose 0.7 % in September from August and was up 7.6 % for the year] , [ARG0 the Central Statistical Office] [rel said] 0 *T*-1 .
- [ARG0 Quest Medical Inc.] [rel said] [ARG1 0 it adopted a shareholders ' rights plan in which rights * to purchase shares of common stock will be distributed *-1 as a dividend to shareholders of record as of Oct. 23 *T*-2] .
- [ARG0 The company] [rel said] [ARG1 0 the plan was n't adopted *-1 in response to any known offers for Quest , a maker and marketer of hospital products] .
- `` [ARG1 When shelf space was cheap *T*-1 , bigger was better] , '' [rel says] [ARG0 Hugh Zurkuhlen , an analyst at Salomon Bros] .
- [ARG1 Then retailers `` will probably push the -LCB- less-established -RCB- brands out altogether] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG0 Kao officials] [ARGM-TMP previously] have [rel said] [ARG1 0 they are interested in *-1 selling detergents in the U.S.] , but so far the company has focused on acquisitions , such as last year 's purchase of Andrew Jergens Co. , a Cincinnati hand-lotion maker .
- `` [ARG1 This is something 0 P&G would do *T*-1 with or without Kao] , '' [rel says] *T*-2 [ARG0 Mr. Zurkuhlen] .
- `` [ARG1 They do n't want *-2 to get caught *-3 again] , '' [rel says] *T*-1 [ARG0 one industry watcher] .
- [ARG0 Retailers in Phoenix , Ariz. ,] [rel say] [ARG1 0 P&G 's new powdered detergent -- 0 *T*-2 to be called *-1 Cheer with Color Guard -- will be on shelves in that market by early November] .
- [ARG0 She] [rel said] [ARG1 0 the company will study results from this market before *-1 expanding to others] .
- [ARG0 Others] [rel said] [ARG1 0 the Bush administration may feel 0 the rhetoric on both sides is getting out of hand] .
- [ARGM-DIS And] [ARG0 some] [rel said] [ARG1 0 it reflected the growing debate in Washington over * pursuing free trade with Japan versus some kind of managed trade] .
- [ARGM-DIS Yet] [ARG0 more than one American official who *T*-1 sat in with her during three days of talks with Japanese officials] [rel said] [ARG1 0 her tone often was surprisingly `` conciliatory] . ''
- `` [ARG1 I think 0 my line has been very consistent] , '' [ARG0 Mrs. Hills] [rel said] *T*-1 [ARGM-LOC at a news conference] [ARGM-TMP Saturday afternoon] .
- [ARG0 She] [rel said] [ARG1 0 the trade imbalance was mainly due to macroeconomic factors and should n't be tackled *-1 by * setting quantitative targets] .
- `` [ARG1 My impression was that you would be a scary old lady] , '' [ARG0 he] [rel said] *T*-1 , [ARGM-ADV *-2 drawing a few nervous chuckles from his colleagues] .
- [ARGM-LOC At one of her news conferences] , [ARG0 Mrs. Hills] [rel said] , [ARG1 0 `` I believe 0 we can do much better than 20 %] . ''
- [ARG0 He] [rel said] [ARG1 0 such results should be `` measurable in dollars and cents '' in * reducing the U.S. trade deficit with Japan] .
- [ARG0 Traditional Industries Inc.] [rel said] [ARG1 0 it expects *-2 to report a net loss for the fourth quarter that *T*-1 ended June 30 and is seeking new financing] .
- [ARG0 The seller of photographic products and services] [rel said] [ARG1 0 it is considering a number of financing alternatives , including * seeking increases in its credit lines] .
- [ARG0 Traditional] declined *-1 to estimate the amount of the loss and [ARGM-MOD would] [ARGM-NEG n't] [rel say] [ARG1 if it expects *-2 to show a profit for the year] .
- [ARGM-MNR Separately] , [ARG0 the company] [rel said] [ARG1 0 it would file a delayed fiscal-year report with the Securities and Exchange Commission `` within approximately 45 days] . ''
- [ARG0 It] [rel said] [ARG1 0 the delay resulted from difficulties in * resolving its accounting of a settlement with the Federal Trade Commission] .
- [ARGM-LOC Under an agreement *ICH*-1 filed * in federal court in August * to settle FTC objections to some Traditional sales practices] , [ARG0 Traditional] [rel said] [ARG1 0 it would establish a $ 250,000 *U* trust fund 0 *T*-2 to provide refunds to certain customers] .
- [ARG0 Information International Inc.] [rel said] [ARG1 0 it was sued *-1 by a buyer of its computerized newspaper-publishing system , alleging that the company failed *-2 to correct deficiencies in the system] .
- [ARG0 A spokesman for Information International] [rel said] [ARG1 0 the lawsuit by two units of Morris Communications Corp. seeks restitution of the system 's about $ 3 million *U* purchase price and cancellation of a software license provided * by the Morris units to Information International for alleged failure * to pay royalties] .
- [ARG0 Information International] [rel said] [ARG1 0 it believes that the complaints , *-1 filed * in federal court in Georgia , are without merit] .
- [ARG1 As Syms 's `` core business of off-price retailing grows , a small subsidiary that *T*-1 is operationally unrelated becomes a difficult distraction] , '' [rel said] *T*-2 [ARG0 Marcy Syms , president of the parent] , [ARGM-LOC in a statement] .
- [ARG0 A spokeswoman] [rel said] [ARG1 0 Sulka operates a total of seven stores in the U.S. and overseas] .
- `` [ARG1 Refining margins were so good in the third quarter of last year and generally not very good this year] , '' [rel said] *T*-1 [ARG0 William Randol , a securities analyst at First Boston Corp] .
- [ARG0 Refiners] [rel say] [ARG1 0 margins picked up in September] , and many industry officials believe 0 gasoline profits will rebound this quarter , though still not to the level of 1988 's fourth quarter .
- [ARG1 The gasoline picture may improve this quarter] , but chemicals are likely *-1 to remain weak , [ARG0 industry executives and analysts] [rel say] 0 *T*-2 , * reducing chances that profits could equal their year-earlier performance .
- `` [ARG1 We could see higher oil prices this year] , '' [rel said] *T*-1 [ARG0 Bryan Jacoboski , an analyst at PaineWebber Inc] .
- `` [ARG1 We 've been very disappointed in the performance of natural gas prices] , '' [rel said] *T*-1 [ARG0 Mr. Cox , Phillips 's president] .
- [ARG1 The industry is `` seeing a softening somewhat in volume and certainly in price in petrochemicals] , '' [ARG0 Glenn Cox , president of Phillips Petroleum Co. ,] [rel said] 0 *T*-1 [ARGM-LOC in an interview] .
- [ARGM-DIS But] [ARG0 securities analysts] [rel say] [ARG1 0 Phillips will be among the companies hard-hit by weak chemical prices and will probably post a drop in third-quarter earnings] .
- `` [ARG1 It seems to me that a story like this breaks just before every important Cocom meeting] , '' [rel said] *T*-1 [ARG0 a Washington lobbyist for a number of U.S. computer companies] .
- `` [ARG1 There 's no evidence that the Soviet program 0 *T*-2 to -LRB- illegally -RRB- acquire Western technology has diminished] , '' [rel said] *T*-1 [ARG0 a State Department spokesman] .
- [ARGM-DIS But] [ARG0 the Bush administration] [rel says] [ARG1 0 it wants *-1 to see evidence that all Cocom members are complying fully with existing export-control procedures before it will support further liberalization] .
- [ARG0 Bankers] [rel said] [ARG1 0 warrants for Hong Kong stocks are attractive because they give foreign investors , wary of volatility in the colony 's stock market , an opportunity * to buy shares without *-1 taking too great a risk] .
- [ARG1 Financial Corp. purchased the bonds in at least 70 different transactions in 1984 and since then has realized $ 11 million *U* in losses on them] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARG0 Officials at Drexel] [rel said] [ARG1 0 they had n't seen the suit and thus could n't comment] .
- Financial Corp. said 0 it agreed *-1 to buy the bonds after [ARG0 a representative of Ivan F. Boesky Corp.] visited it in November 1983 and [rel said] [ARG1 0 Financial Corp. could improve its financial condition by *-2 purchasing the bonds] .
- [ARG0 Financial Corp.] [rel said] [ARG1 0 it agreed *-1 to buy the bonds after a representative of Ivan F. Boesky Corp. visited it in November 1983 and said 0 Financial Corp. could improve its financial condition by *-2 purchasing the bonds] .
- [ARG0 Ideal Basic Industries Inc.] [rel said] [ARG1 0 its directors reached an agreement in principle calling for HOFI North America Inc. to combine its North American cement holdings with Ideal in a transaction that *T*-1 will leave Ideal 's minority shareholders with 12.8 % of the combined company] .
- Ideal 's directors rejected that offer , although [ARG0 they] [rel said] [ARG1 0 they endorsed the merger proposal] .
- [ARG0 Ideal] [rel said] [ARG1 0 it expects *-1 to complete the transaction early next year] .
- [ARG1 And they 're likely *-1 to stay that way for months 0 *T*-2 to come] , [ARG0 analysts] [rel say] 0 *T*-3 .
- [ARG1 Until then , limited stocks are likely *-1 to keep prices near the $ 4-a-bushel *U* level] , [ARG0 analysts] [rel say] 0 *T*-2 .
- [ARG1 In theory at least , tight supplies next spring could leave the wheat futures market susceptible to a supply-demand squeeze] , [rel said] *T*-1 [ARG0 Daniel Basse , a futures analyst with AgResource Co. in Chicago] .
- [ARG0 The exchange] [rel said] [ARG1 0 it feared that some members would n't be able *-2 to find enough soybeans * to deliver and would have *-2 to default on their contractual obligation to the Italian conglomerate , which *T*-1 had refused requests * to reduce its holdings] .
- [ARG1 Unseasonably hot , dry weather across large portions of the Great Plains and in wheat-growing areas in Washington and Oregon is threatening *-1 to reduce the yield from this season 's winter wheat crop] , [rel said] 0 *T*-2 [ARG0 Conrad Leslie , a futures analyst and head of Leslie Analytical in Chicago] .
- [ARG1 That figure climbs to about 47 % in wheat-growing portions of Kansas] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG1 For one thing , even with many farmers planting more winter wheat *ICH*-2 this year than last , tight wheat supplies are likely *-3 to support prices well into 1990] , [ARG0 the analysts] [rel say] 0 *T*-1 .
- [ARG1 The price cut] , [ARG0 one analyst] [rel said] 0 *T*-2 , appeared *-3 to be aimed *-1 even more at Europe , where consumption of Brazilian juice has fallen *T*-4 .
- [ARG1 It 's a dollar-priced product , and the strong dollar has made it more expensive in Europe] , [ARG0 the analyst] [rel said] 0 *T*-1 .
- [ARG1 Barring a cold snap or other crop problems in the growing areas , downward pressure on prices is likely *-1 to continue into January , when harvesting and processing of oranges in Florida reach their peak *T*-3] , [ARG0 the analyst] [rel said] 0 *T*-2 .
- `` [ARG1 I would continue *-1 to look for a stable crude market , at least in futures '' trading] , [rel said] *T*-2 [ARG0 William Hinton , an energy futures broker with Stotler & Co] .
- `` [ARG1 This market still wants *-2 to go higher] , '' [rel said] *T*-1 [ARG0 Nauman Barakat , a first vice president at Shearson Lehman Hutton Inc] .
- [ARGM-PNC In response to dwindling domestic supplies] , [ARG0 Agriculture Secretary Clayton Yeutter] [ARGM-TMP last month] [rel said] [ARG1 0 the U.S. government would slightly increase the number of acres 0 farmers can plant *T*-1 in wheat for next year and still qualify for federal support payments] .
- [ARG1 If a hostile predator *ICH*-1 emerges for Saatchi & Saatchi Co. , co-founders Charles and Maurice Saatchi will lead a management buy-out attempt] , [ARG0 an official close to the company] [rel said] 0 *T*-2 .
- The executive did n't name any price , but [ARG0 securities analysts] have [rel said] [ARG1 0 Saatchi would fetch upward of $ 1.3 billion *U*] .
- [ARGM-ADV Separately] , [ARG0 several Saatchi agency clients] [rel said] [ARG1 0 they believe 0 the company 's management shakeup will have little affect on them] .
- `` [ARG1 It has n't had any impact on us , nor do we expect it to *?*] , '' [rel said] *T*-1 [ARG0 a spokeswoman for Miller Brewing Co. , a major client of Backer Spielvogel] .
- [ARG0 John Lampe , director of advertising at PaineWebber Inc. , a Saatchi & Saatchi Advertising client ,] [rel said] : [ARG1 0 `` We have no problem with the announcement , because we do n't know what change it 's going *-1 to bring *T*-2 about] .
- [ARG0 Executives at Backer Spielvogel client Avis Inc. , as well as at Saatchi client Philips Lighting Co. ,] [ARGM-DIS also] [rel said] [ARG1 0 they saw no effect] .
- [ARG0 Mr. Spielvogel] had [rel said] [ARG1 that Prudential-Bache was prepared *-1 to finance either a management buy-out and restructuring , or a buy-out of Backer Spielvogel alone , led * by him] .
- [ARGM-TMP Last week] , [ARG0 Saatchi 's largest shareholder , Southeastern Asset Management ,] [rel said] [ARG1 0 it had been approached *-1 by one or more third parties interested in a possible restructuring] .
- [ARG0 A spokesman for the U.S. Attorney 's office] [rel said] [ARG1 0 extradition proceedings are `` just beginning '' for the other two defendants in the case , Eric Anthony Abrahams , former Jamaican tourism minister , and Jamaican businessman Arnold Foote Jr] .
- And [ARG0 Carl Spielvogel , chief executive officer of Saatchi 's big Backer Spielvogel Bates advertising unit ,] [rel said] [ARG1 0 he had offered *-1 to lead a management buy-out of the company , but was rebuffed *-1 by Charles Saatchi] .
- [ARG0 Mr. Spielvogel] [rel said] [ARG1 0 he would n't launch a hostile bid] .
- [ARG0 The executive close to Saatchi & Saatchi] [rel said] [ARG1 that `` if a bidder came up with a ludicrously high offer , a crazy offer which Saatchi knew 0 it could n't beat *T*-1 , it would have no choice but * to recommend it to shareholders] .
- [ARG0 The executive] [rel said] [ARG1 0 any buy-out would be led *-1 by the current board , whose chairman *T*-2 is Maurice Saatchi and whose strategic guiding force *T*-3 is believed *-4 to be Charles Saatchi] .
- [ARGM-ADV *-1 Citing a payment from a supplier and strong sales of certain data-storage products] , [ARG0 Maxtor Corp.] [rel said] [ARG1 0 earnings and revenue jumped in its second quarter ended Sept. 24] .
- [ARG0 The maker of computer-data-storage products] [rel said] [ARG1 0 net income rose to $ 4.8 million *U* , or 23 cents a share , from year-earlier net of $ 1.1 million *U* , or five cents a share] .
- [ARG0 Maxtor] [rel said] [ARG1 0 its results were boosted *-2 by $ 2 million *U* in payments received * from a supplier , for a certain line of products that Maxtor is n't going *-1 to sell *T*-3 anymore] .
- [ARG0 Maxtor] [rel said] [ARG1 0 effects from * discontinuing the line may have a positive effect on future earnings and revenue] .
- A spokeswoman would n't elaborate , [ARGM-DIS but] [ARG0 the company] [rel said] [ARG1 0 the discontinued product has never been a major source of revenue or profit] .
- [ARG0 Southmark Corp.] [rel said] [ARG1 that it filed part of its 10-K report with the Securities and Exchange Commission , but that the filing does n't include its audited financial statements and related information] .
- [ARG0 The real estate and thrift concern] , [ARGM-ADV *-1 operating under bankruptcy-law proceedings] , [rel said] [ARG1 0 it told the SEC 0 it could n't provide financial statements by the end of its first extension `` without unreasonable burden or expense] . ''
- [ARG0 Southmark] [rel said] [ARG1 0 it plans *-2 to amend its 10K *-3 to provide financial results as soon as its audit is completed *-1] .
- [ARG0 MedChem Products Inc.] [rel said] [ARG1 0 a U.S. District Court in Boston ruled that a challenge by MedChem to the validity of a U.S. patent held * by Pharmacia Inc. was `` without merit] . ''
- [ARG0 A MedChem spokesman] [rel said] [ARG1 0 the products contribute about a third of MedChem 's sales and 10 % to 20 % *U* of its earnings] .
- [ARG0 MedChem] [rel said] [ARG1 0 the court 's ruling was issued *-1 as part of a `` first-phase trial '' in the patent-infringement proceedings and concerns only one of its defenses in the case] .
- [ARG0 It] [rel said] [ARG1 0 it is considering `` all of its options *ICH*-1 in light of the decision , including a possible appeal] . ''
- [ARG0 MedChem] [rel said] [ARG1 that the court scheduled a conference for next Monday -- *-1 to set a date for proceedings on Pharmacia 's motion for a preliminary injunction] .
- [ARG1 Total advertising linage was `` modestly '' lower as classified-ad volume increased , while there was `` softer demand '' for retail and national ad linage] , [rel said] 0 *T*-1 [ARG0 John Curley , Gannett 's chief executive officer] .
- [ARG0 William O. Taylor , the parent 's chairman and chief executive officer ,] [rel said] [ARG1 0 earnings continued *-2 to be hurt *-1 by softness in ad volume at the Boston newspaper] .
- [ARG0 Mr. Atorino at Salomon Brothers] [rel said] [ARG1 0 he estimates that Times Mirror Co. 's earnings were down for the third quarter , because of soft advertising levels at its Long Island Newsday and Hartford Courant newspapers] .
- `` [ARG1 Times Co. 's regional daily newspapers are holding up well , but there is little sign that things will improve in the New York market] , '' [rel said] *T*-1 [ARG0 Alan Kassan , an analyst with Shearson Lehman Hutton] .
- `` [ARG1 The Miami market is coming back strong after a tough couple of years '' when Knight-Ridder `` was starting up a Hispanic edition *T*-2 and circulation was falling *T*-2] , '' [rel said] *T*-1 [ARG0 Bruce Thorp , an analyst for Provident National Bank] .
- [ARG1 All bets] are off , [ARG0 analysts] [rel say] 0 *T*-1 , because of the shifting ownership of the retail chains .
- `` [ARG1 Improved paper prices will help * offset weakness in linage , but the retailers ' problems have affected the amount of ad linage 0 they usually run *T*-1] , '' [rel said] *T*-2 [ARG0 Edward J. Atorino , industry analyst for Salomon Brothers Inc] .
- [ARG1 The auto maker 's decision * to let word of the latest shutdowns and product reassignments trickle out in separate communiques to the affected plants showed `` disarray '' and an `` inability or unwillingness * to provide consistent information] , '' [ARG0 Mr. Yokich] [rel said] 0 *T*-1 .
- [ARG1 GM is studying whether it can build the new Camaro-Firebird profitably at a plant in St. Therese , Quebec] , [ARG0 company and union officials] [rel said] 0 *T*-1 .
- [ARG0 Jerry Shrieves , UAW local president ,] [rel said] [ARG1 0 the facility was asked *-2 *-3 to draw up plans * to continue *-4 working as a `` flex plant , '' which *T*-1 could build several different types of products on short notice *-5 to satisfy demand] .
- [ARGM-LOC At the Oklahoma City plant , which *T*-1 employs about 6,000 workers building the eight-year-old A-body mid-sized cars ,] [ARG0 Steve Featherston , UAW local vice president ,] [rel said] [ARG1 0 the plant has no new product lined *-3 up , and `` 0 none of us knows '' when the A-body cars will die *T*-2] .
- [ARG0 He] [rel said] [ARG1 0 he believes 0 GM has plans * to keep *-1 building A-body cars into the mid-1990s] .
- [ARG0 Institut Merieux S.A. of France] [rel said] [ARG1 0 the Canadian government raised an obstacle to its proposed acquisition of Connaught BioSciences Inc. for 942 million Canadian dollars -LRB- US$ 801.6 million *U* -RRB-] .
- [ARG0 Spokesmen for Merieux and Connaught] [rel said] [ARG1 0 they had n't been informed *-1 of specific areas of concern by either the government or Investment Canada] , but added 0 they hope *-2 to have more information early this week .
- [ARG0 Merieux] [rel said] [ARG1 0 the government 's minister of industry , science and technology told it that he was n't convinced that the purchase is likely *-1 to be of `` net benefit '' to Canada] .
- [ARG0 Viren Mehta , a partner with Mehta & Isaly , a New York-based pharmaceutical industry research firm ,] [rel said] [ARG1 0 the government 's ruling was n't unexpected] .
- `` [ARG1 This has become a very politicized deal , concerning Canada 's only large , world-class bio-research or pharmaceutical company] , '' [ARG0 Mr. Mehta] [rel said] *T*-1 .
- [ARG0 Mr. Mehta] [rel said] [ARG1 0 the move that *T*-1 could allow the transaction to go ahead as * planned *-2 could be an out-of-court settlement of Connaught 's dispute with the University of Toronto] .
- [ARG0 The French company] [rel said] [ARG1 0 the government gave it 30 days in which * to submit information 0 *T*-2 to further support its takeover plan *T*-1] .
- [ARG0 Alan Nymark , executive vice president of Investment Canada , which *T*-1 oversees foreign takeovers ,] [rel said] [ARG1 0 it marked the first time in its four-year history that the agency has made an adverse net-benefit decision about the acquisition of a publicly traded company *T*-2] .
- [ARG0 He] [rel said] [ARG1 0 it has reached the same conclusions about some attempts * to buy closely held concerns , but eventually allowed those acquisitions to proceed] .
- `` [ARG1 This is n't a change in government policy ; this provision has been used *-1 before] , '' [rel said] *T*-2 [ARG0 Jodi Redmond , press secretary for Harvie Andre , Canada 's minister of industry , science and technology] .
- [ARG0 Weatherford International Inc.] [rel said] [ARG1 0 it canceled plans for a preferred-stock swap but may resume payment of dividends on the stock] , and added that it expects *-1 to publicly offer about 10 million common shares .
- [ARG0 The company] [rel said] [ARG1 0 it planned *-1 to offer an undetermined number of common shares in exchange for the 585,000 shares of its preferred stock outstanding] .
- [ARG0 Weatherford] [rel said] [ARG1 0 market conditions led to the cancellation of the planned exchange] .
- [ARG0 The energy-services concern] [rel said] , [ARGM-DIS however] , [ARG1 that in January 1990 , it may resume payments of dividends on the preferred stock] .
- [ARG0 Weatherford] suspended its preferred-dividend payment in October 1985 and [rel said] [ARG1 0 it has n't any plans * to catch up on dividends in arrears about $ 6 million *U* , but will do so some time in the future] .
- [ARGM-DIS Additionally] , [ARG0 the company] [rel said] [ARG1 0 it filed with the Securities and Exchange Commission for the proposed offering of 10 million shares of common stock , expected * to be offered *-1 in November] .
- [ARG0 The company] [rel said] [ARG1 0 Salomon Brothers Inc. and Howard , Weil , Labouisse , Friedrichs Inc. , underwriters for the offering , were granted *-1 an option * to buy as much as an additional 1.5 million shares *-2 to cover over-allotments] .
- [ARGM-LOC In Rahway , N.J. ,] [ARG0 a Merck spokesman] [rel said] [ARG1 0 the company does n't make earnings projections] .
- [ARG0 Mr. Sweig] [rel said] [ARG1 0 he estimated that Lilly 's earnings for the quarter jumped about 20 % , largely because of the performance of its new anti-depressant Prozac] .
- `` [ARG1 It 's turning out *-2 to be a real blockbuster] , '' [ARG0 Mr. Sweig] [rel said] *T*-1 .
- [ARG0 Several analysts] [rel said] [ARG1 0 they expected Warner-Lambert 's profit also to increase by more than 20 % from $ 87.7 million *U* , or $ 1.25 *U* a share , 0 it reported *T*-2 in the like period last year] .
- [ARG1 The company 's lean operation] , [ARG0 analysts] [rel said] 0 *T*-1 , allowed sharp-rising sales from its cholesterol drug , Lopid , to power earnings growth .
- [ARGM-LOC In Morris Plains , N.J. ,] [ARG0 a spokesman for the company] [rel said] [ARG1 0 the analysts ' projections are `` in the ballpark] . ''
- [ARG0 Analysts] [rel said] [ARG1 that Merck & Co. , Eli Lilly & Co. , Warner-Lambert Co. and the Squibb Corp. unit of Bristol-Myers Squibb Co. all benefited from strong sales of relatively new , higher-priced medicines that *T*-1 provide wide profit margins] .
- [ARG0 Mr. Riccardo of Bear Stearns] [rel said] [ARG1 that Schering-Plough Corp. 's expected profit rise of about 18 % to 20 % *U* , and Bristol-Meyers 's expected profit increase of about 13 % are largely because `` those companies are really managed *-1 well] . ''
- [ARGM-LOC In Madison , N.J.] , [ARG0 a spokesman for Schering-Plough] [rel said] [ARG1 0 the company has `` no problems '' with the average estimate *ICH*-1 by a analysts that third-quarter earnings per share rose by about 19 % , to $ 1 *U*] .
- [ARG1 The company expects *-1 to achieve the 20 % increase in full-year earnings per share , as it projected in the spring] , [ARG0 the spokesman] [rel said] 0 *T*-2 .
- [ARGM-TMP Meanwhile] , [ARG0 analysts] [rel said] [ARG1 0 Pfizer 's recent string of lackluster quarterly performances continued , as earnings in the quarter were expected *-1 to decline by about 5 %] .
- `` [ARG1 The -LRB- strong -RRB- dollar hurt Pfizer a lot , too] , '' [ARG0 Mr. Sweig] [rel said] *T*-1 .
- [ARG0 Analysts] [rel said] [ARG1 0 they expected Upjohn 's profit to be flat or rise by only about 2 % to 4 % *U* as * compared *-2 with $ 89.6 million *U* , or 49 cents a share , 0 it earned *T*-1 a year ago] .
- [ARG1 Also , the company 's hair-growing drug , Rogaine , is selling well -- at about $ 125 million *U* for the year , but the company 's profit from the drug has been reduced *-1 by Upjohn 's expensive print and television campaigns for advertising] , [ARG0 analysts] [rel said] 0 *T*-2 .
- [ARG0 Joseph Riccardo , an analyst with Bear , Stearns & Co. ,] [rel said] [ARG1 that over the past few years most drug makers have shed their slow-growing businesses and instituted other cost savings , such as *-1 consolidating manufacturing plants and administrative staffs] .
- [ARG1 As a result , `` major new products are having significant impact , even on a company with very large revenues] , '' [ARG0 Mr. Riccardo] [rel said] 0 *T*-1 .
- [ARG0 Analysts] [rel said] [ARG1 0 profit for the dozen or so big drug makers , as a group , is estimated *-1 to have climbed between 11 % and 14 % *U*] .
- [ARGM-ADV While that 's not spectacular] , [ARG0 Neil Sweig , an analyst with Prudential Bache ,] [rel said] [ARG1 that the rate of growth will `` look especially good as * compared *-1 to other companies if the economy turns downward] . ''
- [ARG1 Profit climbed even though Merck 's sales were reduced *-1 by `` one to three percentage points '' as a result of the strong dollar] , [ARG0 Mr. Sweig] [rel said] 0 *T*-2 .
- [ARG0 The database software company] [rel said] [ARG1 0 it expects a $ 2 million *U* net loss for the fiscal first quarter ended Sept. 30] .
- [ARG0 It] [rel said] [ARG1 0 analysts had been expecting a small profit for the period] .
- `` [ARG1 While our international operations showed strong growth , our domestic business was substantially below expectations] , '' [rel said] *T*-1 [ARG0 Paul Newton , president and chief executive officer] .
- [ARG0 A spokesman] [rel said] [ARG1 0 the company 's first quarter is historically soft , and 0 computer companies in general are experiencing slower sales] .
- [ARG0 Mr. Newton] [rel said] [ARG1 0 he accepted the resignation of Thomas Wilson , vice president of corporate sales , and that his marketing responsibilities have been reassigned *-1] .
- [ARG0 The company] [rel said] [ARG1 0 Mr. Wilson 's resignation was n't related to the sales shortfall] .
- [ARG0 Gulf Resources & Chemical Corp.] [rel said] [ARG1 0 it agreed *-2 to pay $ 1.5 million *U* as part of an accord with the Environmental Protection Agency regarding an environmental cleanup of a defunct smelter 0 the company formerly operated *T*-1 in Idaho] .
- `` [ARG1 The terms of that agreement only become effective the date of Gulf 's reorganization , which we anticipate 0 *T*-2 will occur sometime in early 1990] , '' [rel said] *T*-1 [ARG0 Lawrence R. Mehl , Gulf 's general counsel] .
- [ARGM-ADV Separately] , [ARG0 the company] [rel said] [ARG1 0 it expects *-3 to hold a special meeting for shareholders in early 1990 *-1 to vote on its proposed reorganization] .
- [ARG0 The company] [rel said] [ARG1 that as part of its agreement with the EPA , it `` made certain voluntary undertakings with respect to intercorporate transactions entered into * after the reorganization] . ''
- [ARG0 The company , which *T*-3 issued a statement on the agreement late Friday ,] [rel said] [ARG1 that $ 1 million *U* of the payment was previously provided for *-2 in its financial statements and that $ 500,000 *U* will be recognized *-1 in its 1989 third-quarter statement] .
- [ARG1 The agreement and consent decree are subject to court approval] , [ARG0 the company] [rel said] 0 *T*-1 .
- [ARGM-ADV *-2 Asked *-1 whether Friday 's action could help him avoid *-3 being Trumped *-4 by the New York real estate magnate] , [ARG0 Mr. Crandall] smiled broadly and [rel said] : `` [ARG1 No comment] . ''
- [ARG1 Of the 19 economists who *T*-1 worked on the Business Council forecast , only two *T*-2 projected periods of decline in the nation 's output over the next two years , and in `` both instances the declines are too modest *-3 to warrant the phrase recession] , '' [rel said] 0 *T*-4 [ARG0 Lewis Preston , chairman of J.P. Morgan & Co. and vice chairman of the Business Council] .
- `` [ARG1 This is a reaction to artificial LBO valuations , rather than to any fundamentals] , '' [rel said] *T*-2 [ARG0 John Young , chairman of Hewlett-Packard Co. , whose shares *T*-1 dropped $ 3.125 *U* to $ 48.125 *U*] .
- `` [ARG1 People wish 0 the government would do something about leveraged buy-outs , do something about takeovers , do something about Donald Trump] , '' [rel said] *T*-2 [ARG0 Rand Araskog , chairman of ITT Corp. , whose stock *T*-1 dropped $ 3.375 *U*] .
- `` [ARG1 I 'm not going *-2 to worry about one day 's decline] , '' [rel said] *T*-3 [ARG0 Kenneth Olsen , Digital Equipment Corp. president , who *T*-1 was leisurely strolling through the bright orange and yellow leaves of the mountains here after his company 's shares plunged $ 5.75 *U* *-4 to close at $ 86.50 *U*] .
- [ARG1 But on average , Manhattan retail rents have dropped 10 % to 15 % in the past six months alone] , [ARG0 experts] [rel say] 0 *T*-1 .
- `` [ARG1 As businesses contract or depart , the number of employees who *T*-1 might use retail services shrinks] , '' [rel says] *T*-2 [ARG0 Edward A. Friedman , senior vice president of Helmsley Spear Inc] .
- [ARG0 He] [rel says] [ARG1 0 financial problems plaguing electronics , fur and furniture companies -- key categories in the local retail economy -- have further deflated the market] .
- [ARG0 Retail real estate brokers] [rel say] [ARG1 0 tenants are reluctant *-1 to sign leases because of uncertainty about the local economy , turmoil in their own industries and a belief that rents have not yet hit bottom] .
- [ARG0 The New York Stock Exchange] [rel said] [ARG1 0 two securities will begin *-1 trading this week] .
- `` [ARG1 There is an unbelievable amount of space available] , '' [rel says] *T*-2 [ARG0 Faith Consolo , senior vice president at Garrick-Aug Associates Store Leasing Inc] .
- `` [ARG1 This further confuses retailers] , '' [ARG0 she] [rel says] *T*-1 .
- `` [ARG1 Each time 0 the court revisits an issue *T*-2 , the justices will be forced by a dissent *-1 to reconsider the fundamental questions and to rethink the result] , '' [ARG0 he] [rel said] *T*-3 .
- [ARGM-DIS Moreover] , [ARGM-TMP in recent months] [ARG0 he] has [rel said] [ARG1 that when he was on the winning side in the 1960s *T*-1 , he knew that the tables might turn in the future] .
- [ARG0 He] has [rel said] [ARG1 that he now knows how Justice John Harlan felt *T*-2] , [ARGM-ADV a reference to the late conservative justice who *T*-1 was the most frequent dissenter from the Warren Court 's opinions] .
- [ARG0 Associates of 81-year-old Justice Marshall] [rel say] [ARG1 0 he was `` depressed '' about the court 's direction last spring , but is feisty about his role and determined *-1 to speak out against the court 's cutbacks in civil rights] .
- `` [ARG1 We could sweep it under the rug and hide it , but I 'm not going *-1 to do it] , '' [ARG0 he] [rel said] *T*-2 [ARGM-LOC in a speech] [ARGM-TMP last month] .
- [ARG0 Harvard Law School Professor Laurence Tribe] [rel says] [ARG1 0 there is a `` generation-skipping '' flavor to current dissents] .
- [ARG1 The dissenters in the Warren Court] , [ARG0 he] [rel says] 0 *T*-1 , appeared *-2 to be writing for the short-term , * suggesting that the court 's direction might change soon .
- `` [ARG1 Brennan and Marshall are speaking in their dissents to a more distant future] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG0 Associates] [rel say] [ARG1 0 he takes some defeats *ICH*-1 more personally than his colleagues , especially attempts * to curtail the right to abortion first recognized * in his 1973 opinion , Roe vs. Wade] .
- [ARG0 Friends and associates who *T*-1 saw Justice Blackmun during the summer] [rel said] [ARG1 0 he was no more discouraged about the court than in recent years] .
- [ARG1 If the role 0 these four dissenters are assuming *T*-1 is a familiar one in modern Supreme Court history , it also differs in an important way from recent history] , [ARG0 court watchers] [rel say] 0 *T*-2 .
- `` [ARG1 The dissenters of the Warren Court were often defending a legal legacy that they inherited *T*-1] , '' [rel says] 0 *T*-3 [ARG0 Prof. A.E. Dick Howard of the University of Virginia Law School] , `` but the dissenters today are defending a legacy that they created *T*-2 .
- `` [ARG1 These thrifts are beached whales] , '' [rel said] *T*-1 [ARG0 Bert Ely , an industry consultant based * in Alexandria , Va] .
- [ARGM-LOC In an announcement to its staff last week] , [ARG0 executives at Time Warner Inc. 's weekly magazine] [rel said] [ARG1 0 Time will `` dramatically de-emphasize '' its use of electronic giveaways such as telephones in television subscription drives ; cut the circulation 0 it guarantees advertisers *T*-1 by 300,000 , to four million ; and increase the cost of its annual subscription rate by about $ 4 *U* to $ 55 *U*] .
- `` [ARG1 What we are doing *T*-2 is * screening out the readers who *T*-1 are only casually related to the magazine and do n't really read it] , '' [rel said] *T*-3 [ARG0 Mr. Heinemann] .
- `` [ARG1 It *EXP*-2 's terrific for advertisers to know 0 the reader will be paying more] , '' [rel said] 0 *T*-1 [ARG0 Michael Drexler , national media director at Bozell Inc. ad agency] .
- [ARG0 Mr. Heinemann] [rel said] [ARG1 0 the changes represent a new focus in the magazine industry : a magazine 's net revenue per subscriber , or the actual revenue from subscribers after discounts and the cost of premiums have been stripped *-1 away] .
- `` [ARG1 The question is how much are we getting *T*-1 from each reader] , '' [rel said] *T*-2 [ARG0 Mr. Heinemann] .
- [ARGM-LOC In a related development] , [ARG0 the news-weekly] , [ARGM-TMP for the fourth year in a row] , [rel said] [ARG1 0 it wo n't increase its advertising rates in 1990] ; a full , four-color page in the magazine costs about $ 120,000 *U* .
- `` [ARG1 Giveaways just give people the wrong image] , '' [rel said] 0 *T*-1 [ARG0 Mr. Heinemann] .
- `` [ARG0 They] [rel said] , ` [ARG1 * follow CNN] , ' '' he told reporters *T*-1 .
- `` [ARG1 The next stage is * to get beyond the opinion leaders who *T*-1 use us as a point of reference *-3 to become a point of reference at ordinary dinner tables] , '' [rel says] *T*-2 [ARG0 Jon Petrovich , executive vice president of Headline News , CNN 's sister network] .
- `` [ARG1 Our goal is * to create more programs with an individual identity] , '' [rel says] *T*-1 [ARG0 Paul Amos , CNN executive vice president for programming] .
- [ARG1 Accordingly , CNN is adding a world-affairs show in the morning because surveys show 0 its global-news hour in the afternoon is among its most `` differentiated '' programs in viewers ' minds] , [rel says] 0 *T*-1 [ARG0 Mr. Amos] .
- [ARG0 Mr. Amos] [rel says] [ARG1 0 the Shaw-Crier team will probably do two live interviews a day , with most of the program , at least for now , appearing similar to CNN 's other newcasts] .
- `` [ARG1 I find it *EXP*-2 hard * to conceive of people switching over to CNN for what , at least in the public 's mind , *T*-3 is the same news] , '' [rel says] *T*-1 [ARG0 Reuven Frank , the former two-time president of NBC News and creator of the Huntley-Brinkley Report] .
- `` [ARG1 They 've never shown any inclination * to spend money on production] , '' [rel says] *T*-2 [ARG0 Michael Mosettig , a senior producer with MacNeil-Lehrer NewsHour , who *T*-1 notes that CNN is indispensable to his job] .
- [rel Says] [ARG1 *ICH*-1] [ARG0 Mr. Mosettig] : `` CNN is my wire service ; they 're on top of everything .
- `` [ARG1 We would obviously be upset if those kinds of services evolved into more general-interest , long-format programming] , '' [rel says] *T*-2 [ARG0 Robert Stengel , senior vice president , programming , of Continental Cablevision Inc. , which *T*-1 holds a 2 % stake in Turner Broadcasting] .
- `` [ARG1 Just the fact 0 we 're on 24 hours is no longer bulletin] , '' [rel says] *T*-1 [ARG0 Ed Turner , CNN 's executive vice president , news gathering -LRB- and no relation to Ted Turner -RRB-] .
- [ARG0 Valley Federal Savings & Loan Association] [rel said] [ARG1 0 Imperial Corp. of America withdrew from regulators its application * to buy five Valley Federal branches , *-1 leaving the transaction in limbo] .
- The broken purchase appears as additional evidence of trouble at [ARG0 Imperial Corp.] , whose spokesman *T*-1 [rel said] [ARG1 0 the company withdrew its application from the federal Office of Thrift Supervision because of an informal notice that Imperial 's thrift unit failed *-2 to meet Community Reinvestment Act requirements] .
- Terms were n't disclosed *-1 , but [ARG0 Valley Federal] had [rel said] [ARG1 0 it expected *-2 to post a modest pretax gain and to save about $ 2 million *U* in operating costs annually] .
- Valley Federal said Friday that it is considering whether *-2 to seek another buyer for the branches or to pursue the transaction with [ARG0 Imperial Corp.] , which *T*-1 [rel said] [ARG1 0 it is attempting *-3 to meet Community Reinvestment Act requirements] .
- [ARG0 Valley Federal] [rel said] [ARGM-TMP Friday] [ARG1 that it is considering whether *-2 to seek another buyer for the branches or to pursue the transaction with Imperial Corp. , which *T*-1 said 0 it is attempting *-3 to meet Community Reinvestment Act requirements] .
- [ARGM-DIS But] [ARG0 the court] [rel said] [ARG1 0 it lacked enough financial information about Sunbelt and the FSLIC] and sent the cases back to federal district court in Dallas .
- [ARG0 Charles Haworth , a lawyer for Sunbelt ,] [rel says] [ARG1 0 he plans *-2 to file a brief *ICH*-3 this week urging the district judge *-1 to dismiss the suits , because Sunbelt 's liabilities exceeded its assets by about $ 2 billion *U* when federal regulators closed it in August 1988 *T*-4] .
- `` [ARG1 This institution is just brain dead] , '' [rel says] *T*-1 [ARG0 Mr. Haworth , a partner in the Dallas office of Andrews & Kurth , a Houston law firm] .
- [ARG0 Attorney Richard Jackson of Dallas] [rel says] [ARG1 0 a judgment for Triland could be satisfied *-1 in ways other than a monetary award , including the reversal of Sunbelt 's foreclosure on Valley Ranch] .
- `` [ARG1 We 're asking the court for a number of things 0 he can grant *T*-1 in addition to the thrill of victory] , '' [ARG0 he] [rel says] 0 *T*-2 .
- [ARG0 Mr. Thygerson] [rel said] [ARG1 0 he had planned *-1 to travel between the job in Denver and his San Diego home , but has found the commute too difficult 0 * to continue *T*-2] .
- [ARG0 The White House] [rel said] [ARG1 0 minors have n't any right to abortion without the consent of their parents] .
- [ARG0 The 77-year-old Sisulu , sentenced * to life in 1964 along with black nationalist Nelson Mandela for *-1 plotting *-2 to overthrow the government ,] [rel said] [ARG1 0 equality for blacks in South Africa was in reach] .
- [ARG0 A group of Arby 's franchisees] [rel said] [ARG1 0 they formed an association 0 *T*-1 to oppose Miami Beach financier Victor Posner 's control of the restaurant chain] .
- [ARG0 The franchisees , owners or operators of 1,000 of the 1,900 franchised Arby 's in the U.S. ,] [rel said] : [ARG1 0 `` We have concluded that continued control of Arby 's by Victor Posner is totally unacceptable to us , because it is extremely likely *-1 to cause irreparable damage to the Arby 's system] .
- [ARG0 The group] [rel said] [ARG1 0 it would consider , among other things , * withholding royalty payments and initiating a class-action lawsuit seeking court approval for the withholdings] .
- `` [ARG1 I would say 0 this is not bad news ; this is a blip] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG0 I] [ARGM-MOD would] [rel say] [ARG1 0 this is not bad news ; this is a blip] , '' he said *T*-1 .
- [ARG1 Overall , the index has climbed at a 5.1 % compound annual rate since the start of the year] , [ARG0 the Labor Department] [rel said] 0 *T*-1 .
- `` [ARG1 I think 0 the resurgence -LCB- in inflation -RCB- is going *-2 to continue for a few months] , '' [rel said] *T*-1 [ARG0 John Mueller , chief economist at Bell Mueller Cannon , a Washington economic forecasting firm] .
- [ARG0 He] predicted 0 that inflation will moderate next year , *-1 [rel saying] [ARG1 that credit conditions are fairly tight world-wide] .
- [ARGM-DIS But] [ARG0 Dirk Van Dongen , president of the National Association of Wholesaler-Distributors ,] [rel said] [ARG1 that last month 's rise `` is n't as bad an omen '' as the 0.9 % figure suggests 0 *?*] .
- [ARGM-ADV Although the report , which *T*-2 was released *-1 before the stock market opened , did n't trigger the 190.58-point drop in the Dow Jones Industrial Average] , [ARG0 analysts] [rel said] [ARG1 0 it did play a role in the market 's decline] .
- [ARG0 Many analysts] [rel said] [ARG1 0 the September increase was a one-time event , *-1 coming as dealers introduced their 1990 models] .
- [ARG1 But at least part of the increase could have come from higher prices] , [ARG0 analysts] [rel said] 0 *T*-1 .
- `` [ARG1 I think 0 the Friday report , combined with the actions of the Fed , weakened the belief that there was going *-2 to be an imminent easing of monetary policy] , '' [rel said] *T*-1 [ARG0 Robert Dederick , chief economist at Northern Trust Co. in Chicago] .
- `` [ARG1 The overall 0.9 % increase is serious in itself , but what *T*-1 is even worse is that excluding food and energy , the producer price index still increased by 0.7 %] , '' [rel said] *T*-2 [ARG0 Gordon Richards , an economist at the National Association of Manufacturers] .
- [ARG0 CityFed Financial Corp.] [rel said] [ARG1 0 it expects *-1 to report a loss of at least $ 125 million to $ 150 million *U* for the third quarter] .
- [ARG0 CityFed] [ARGM-DIS also] [rel said] [ARG1 0 it expects *-1 to shed its remaining mortgage loan origination operations outside its principal markets in New Jersey and Florida and , as a result , is taking a charge for discontinued operations] .
- [ARG1 All these actions] , [ARG0 Mr. Atherton] [rel said] 0 *T*-1 , will result in a loss of $ 125 million *U* to $ 150 million *U* for the third quarter .
- [ARG0 CityFed 's president and chief executive officer , John Atherton ,] [rel said] [ARG1 0 the loss stems from several factors] .
- [ARG0 He] [rel said] [ARG1 0 nonperforming assets rose to slightly more than $ 700 million *U* from $ 516 million *U* between June and September] .
- [ARG0 Mr. Atherton] [rel said] [ARG1 0 CityFed will also mark its portfolio of high-yield corporate bonds to market as a result of federal legislation requiring that savings institutions divest themselves of such bonds] .
- [ARG1 That action] , [ARG0 CityFed] [rel said] 0 *T*-1 , will result in a charge against third-quarter results of approximately $ 30 million *U* .
- [ARG0 CenTrust Savings Bank] [rel said] [ARG1 0 federal thrift regulators ordered it *-1 to suspend dividend payments on its two classes of preferred stock] , [ARGM-ADV * indicating that regulators ' concerns about the troubled institution have heightened] .
- [ARG0 Mr. Paul] [rel said] [ARG1 0 only about $ 150 million *U* of the current holdings are tradeable securities registered * with the Securities and Exchange Commission] .
- The Office of Thrift Supervision has been hounding CenTrust *-1 to provide current market values for its holdings , but [ARG0 CenTrust] has [rel said] [ARG1 0 it ca n't easily obtain such values because of the relative illiquidity of the bonds and lack of a ready market] .
- [ARGM-LOC In a statement] , [ARG0 Miami-based CenTrust] [rel said] [ARG1 0 the regulators cited the thrift 's operating losses and `` apparent losses '' in its junk-bond portfolio in *-1 ordering the suspension of the dividends] .
- [ARGM-LOC In a statement] [ARGM-TMP Friday] , [ARG0 Mr. Paul] challenged the regulators ' decision , *-2 [rel saying] [ARG1 0 the thrift 's operating losses and `` apparent '' junk-bond losses `` have been substantially offset *-1 by gains in other activities of the bank] . ''
- [ARG0 Mr. Paul] [rel said] [ARG1 0 the regulators should instead move ahead with *-1 approving CenTrust 's request * to sell 63 of its 71 branches to Great Western Bank , a unit of Great Western Financial Corp. based * in Beverly Hills , Calif] .
- [ARG0 CenTrust] , [ARGM-DIS however] , touts the branch sale , *-1 [rel saying] [ARG1 0 it would bring in $ 150 million *U* and reduce the thrift 's assets to $ 6.7 billion *U* from $ 9 billion *U*] .
- [ARG0 It] [rel said] [ARG1 0 the sale would give it positive tangible capital of $ 82 million *U* , or about 1.2 % of assets , from a negative $ 33 million *U* as of Sept. 30 , thus *-1 bringing CenTrust close to regulatory standards] .
- [ARG0 CenTrust] [rel said] [ARG1 0 the branch sale would also reduce the company 's large amount of good will by about $ 180 million *U*] .
- [ARG0 Critics] , [ARGM-DIS however] , [rel say] [ARG1 0 the branch sale will make CenTrust more dependent than ever on brokered deposits and junk bonds] .
- [ARG0 David L. Paul , chairman and chief executive officer ,] criticized the federal Office of Thrift Supervision , which *T*-1 issued the directive , *-2 [rel saying] [ARG1 0 it was `` inappropriate '' and based on `` insufficient '' reasons] .
- [ARG0 He] [rel said] [ARG1 0 the thrift will try *-1 to get regulators to reverse the decision] .
- `` [ARG1 The trend is pretty well established *-1 now that local programs are the most popular , with American programs second] , '' [rel says] *T*-2 [ARG0 Brian Wenham , a former director of programs for the British Broadcasting Corp] .
- [ARG0 British Aerospace PLC and France 's Thomson-CSF S.A.] [rel said] [ARG1 0 they are nearing an agreement * to merge their guided-missile divisions , *-1 greatly expanding collaboration between the two defense contractors] .
- A British Aerospace spokeswoman appeared unperturbed by the prospect of a fight with GEC for Ferranti : `` [ARG1 Competition is the name of the game] , '' [ARG0 she] [rel said] *T*-1 .
- `` [ARG1 We have nothing 0 * to say *T*-3 about this affair , which *T*-1 does n't concern us] , '' [ARG0 a Matra official] [rel said] *T*-2 [ARGM-TMP Sunday] .
- `` [ARG0 We] have [ARG1 nothing] 0 * to [rel say] *T*-3 about [ARG3-about this affair , which *T*-1 does n't concern us] , '' a Matra official said *T*-2 Sunday .
- [ARG1 The missile venture] , [ARG0 the British Aerospace spokeswoman] [rel said] 0 *T*-1 , is a needed response to the `` new environment '' in defense contracting .
- In missiles , Thomson is already overshadowed *-1 by British Aerospace and by its home rival , France 's Aerospatiale S.A. ; [ARG1 *-3 to better compete] , [ARG0 Thomson officials] [rel say] 0 *T*-2 , they need a partnership .
- [ARG1 Annual revenue of British Aerospace 's missile business is about # 950 million *U*] , [ARG0 a Thomson spokesman] [rel said] 0 *T*-1 .
- [ARG0 Interprovincial Pipe Line Co.] [rel said] [ARG1 0 it will delay a proposed two-step , 830 million Canadian-dollar -LRB- US$ 705.6 million *U* -RRB- expansion of its system because Canada 's output of crude oil is shrinking] .
- [ARG1 Canada 's current oil exports to the U.S. total about 600,000 barrels a day , or about 9.1 % of net U.S. crude imports] , [rel said] 0 *T*-1 [ARG0 John Lichtblau , president of the New York-based Petroleum Industry Research Foundation] .
- [ARG0 Interprovincial , Canada 's biggest oil pipeline operator and a major transporter of crude to the U.S. ,] [rel said] [ARG1 0 revised industry forecasts indicate that Canadian oil output will total about 1.64 million barrels a day *ICH*-2 by 1991 , 8 % lower than a previous estimate] .
- [ARG0 Mr. Lichtblau] [rel said] [ARG1 0 Canada 's declining crude output , combined with the fast-shrinking output of U.S. crude , will help *-1 intensify U.S. reliance on oil from overseas , particularly the Middle East] .
- [ARG1 But when something is inevitable *T*-1 , you learn *-2 to live with it] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG1 `` The capability *ICH*-1 of existing fields to deliver oil is dropping , '' and oil exploration activity is also down dramatically , as many producers shift their emphasis to natural gas] , [rel said] 0 *T*-2 [ARG0 Ronald Watkins , vice president for government and industry relations with Interprovincial 's parent , Interhome Energy Inc] .
- [ARG0 Mr. Watkins] [rel said] [ARG1 0 volume on Interprovincial 's system is down about 2 % since January and is expected *-1 to fall further , * making expansion unnecessary until perhaps the mid-1990s] .
- `` [ARG1 There has been a swing of the pendulum back to the gas side] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Many of Canada 's oil and gas producers] [rel say] [ARG1 0 the outlook for natural gas is better than it is *?* for oil] , and have shifted their exploration and development budgets accordingly .
- [ARG1 The number of active drilling rigs in Canada is down 30 % from a year ago , and the number of completed oil wells is `` down more than that , due to the increasing focus on gas exploration] , '' [rel said] *T*-1 [ARG0 Robert Feick , manager of crude oil with Calgary 's Independent Petroleum Association of Canada , an industry group] .
- [ARG0 Mr. Watkins] [rel said] [ARG1 0 the main reason for the production decline is shrinking output of light crude from mature , conventional fields in western Canada] .
- [ARG0 The company] [rel said] [ARG1 0 normal seasonal softness and lost orders caused * by prolonged labor talks reduced shipments by 200,000 tons in the latest quarter , compared with the second quarter] .
- [ARG0 The company] [rel said] [ARG1 0 it is beginning *-2 to see some shipping-rate improvements *ICH*-3 in both the intergrated-steel and steel-service-center segments , which *T*-1 should result in improved results for the fourth quarter] .
- [ARG0 Inland] [rel said] [ARG1 0 its third-quarter results will be announced *-1 later this week] .
- [ARGM-PNC *-2 To illustrate] , [ARG0 Mr. Rogers] [rel said] [ARG1 that of the 14 computer-related firms 0 he follows *T*-1 , half *T*-3 will report for their most recent quarter earnings below last year 's results , and half above those results] .
- [ARG0 The company] [rel said] [ARG1 0 it expects earnings of 14 to 17 cents a share , down from 25 cents a share in the year-earlier period] .
- [ARGM-TMP While the earnings picture confuses] , [ARG0 observers] [rel say] [ARG1 0 the major forces expected * to shape the industry in the coming year are clearer] .
- Now the two firms are collaborating on an alternative to Adobe 's approach , [ARGM-DIS and] [ARG0 analysts] [rel say] [ARG1 0 they are likely *-1 to carry IBM , the biggest seller of personal computers , along with them] .
- [ARG0 John Warnock , Adobe 's chief executive officer ,] [rel said] [ARG1 0 the Mountain View , Calif. , company has been receiving 1,000 calls a day about the product since it was demonstrated *-1 at a computer publishing conference several weeks ago] .
- `` [ARG1 It creates uncertainty and usually slows down sales] , '' [rel said] *T*-1 [ARG0 Russ Crabs , an analyst at Soundview Financial Group] .
- [ARG0 Mr. Crabs] [rel said] [ARG1 0 this probably is behind the expected weak performance of Aldus Corp. , maker of a widely used computer publishing program] .
- `` [ARG1 Users do n't care about the bus] , '' [rel said] *T*-1 [ARG0 Daniel Benton , an analyst at Goldman , Sachs & Co] .
- [ARG0 He] [rel said] [ARG1 0 Apple 's family of Macintosh computers , for instance , uses four different buses `` and no one seems *-1 to mind] . ''
- `` [ARG1 Wyse has done well *-3 establishing a distribution business , but they have n't delivered products that *T*-1 sell] , '' [rel said] *T*-2 [ARG0 Kimball Brown , an analyst at Prudential-Bache Securities] .
- `` [ARG1 The guys that *T*-2 make traditional hardware are really being obsoleted *-1 by microprocessor-based machines] , '' [rel said] *T*-3 [ARG0 Mr. Benton] .
- [ARGM-TMP Last week] , [ARG0 Microsoft] [rel said] [ARG1 0 it expects revenue for its first quarter ended Sept. 30 to increase 34 %] .
- `` [ARG1 It *EXP*-3 's hard * to know what * to expect *T*-2 at this point] , '' [rel said] *T*-1 [ARG0 Peter Rogers , an analyst at Robertson Stephens & Co] .
- Two-thirds of respondents said 0 they strongly felt the need * to be successful in their jobs , while [ARG0 fewer than half] [rel said] [ARG1 0 they strongly felt the need * to spend more time with their families] .
- [ARG0 Two-thirds of respondents] [rel said] [ARG1 0 they strongly felt the need * to be successful in their jobs] , [ARGM-ADV while fewer than half said 0 they strongly felt the need * to spend more time with their families] .
- [ARG0 The American Bankers Association] [rel says] [ARG1 that women make up 47 % of officials and managers in the top 50 banks , up from 33 % in 1978] .
- [ARG1 Iowa , for instance , saw its population grow by 11,000 people , or 0.4 % , between 1987 and 1988] , [ARG0 the Census Bureau] [rel says] 0 *T*-1 .
- `` [ARG1 I think 0 there 's some people worried about something pretty ridiculous] , '' [ARG0 Councilman John Nolan] [rel says] *T*-1 .
- [ARG0 Mayor Lynn Spruill and two members of the council] [rel said] [ARG1 0 they were worried about * setting a precedent that *T*-1 would permit pool halls along Addison 's main street] .
- `` [ARG1 Obviously they 're not in touch with what *T*-2 's going on] , '' [rel says] *T*-1 [ARG0 Tom Manske , vice president of the National Pocket Billiards Association] .
- [ARG0 He] [rel said] [ARG1 0 Jews were `` sick with complexes ''] ; and he called David Dinkins , Mr. Giuliani 's black opponent , `` a fancy shvartze with a mustache . ''
- [ARGM-DIS For example] , [ARG0 the New York state counsel for the NAACP] [rel said] [ARG1 that Mr. Mason is `` like a dinosaur] .
- [ARG0 *] Do [ARGM-NEG n't] [rel say] 0 [ARG1 the TV sitcom] , [ARGM-CAU because that happens *-2 to be a genre that , in its desperate need * to attract everybody and offend nobody , *T*-1 resembles politics more than it does *?* comedy] .
- [ARG0 Mr. Mason] [rel said] [ARG1 that many Jewish voters feel guilty toward blacks , so they support black candidates uncritically] .
- [ARG0 He] [rel said] [ARG1 that many black voters feel bitter about racial discrimination , so they , too , support black candidates uncritically] .
- [ARG0 He] [rel said] [ARG1 that Jews have contributed more *ICH*-2 to black causes over the years than vice versa] .
- [ARG0 Treasury Secretary Nicholas Brady] [rel said] [ARGM-LOC in a statement] [ARGM-TMP Friday] [ARG1 that the stock-market decline `` does n't signal any fundamental change in the condition of the economy] . ''
- Here 's *T*-2 [ARG1 what] [ARG0 Ronald Reagan] [rel said] *T*-1 [ARGM-TMP after the 1987 crash] : `` The underlying economy remains sound .
- [ARGM-TMP After the 1929 crash] , [ARG0 Herbert Hoover] [rel said] : [ARG1 0 `` The fundamental business of the country ... is on a sound and prosperous basis] .
- `` [ARG1 We do n't need this as a way 0 * to get capital gains *T*-2] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 House Budget Committee Chairman Leon Panetta -LRB- D. , Calif . -RRB-] [rel said] [ARGM-LOC in an interview] , [ARG1 0 `` If that 's the signal that *T*-1 comes from the White House , that will help a great deal] . ''
- [ARG0 Senate Majority Leader George Mitchell -LRB- D. , Maine -RRB-] [rel said] [ARG1 0 he was `` confident '' that any House-Senate agreement on the deficit-reduction legislation would n't include a capital-gains tax cut] .
- [ARGM-DIS And] [ARG0 a senior aide to the House Ways and Means Committee , where tax legislation originates *T*-2 ,] [rel said] [ARG1 0 there are n't any `` plans * to produce another tax bill that *T*-1 could carry a gains tax cut this year] . ''
- `` [ARG1 Although I am encouraged *-1 by the Senate action] , '' [rel said] *T*-3 [ARG0 Chairman Dan Rostenkowski -LRB- D. , Ill . -RRB- of the House Ways and Means Committee] , `` it *EXP*-4 is uncertain whether a clean bill can be achieved *-2 in the upcoming conference with the Senate . ''
- [ARG0 Mr. Bentsen] [rel said] [ARG1 0 he hopes 0 the Senate will consider that measure soon] .
- `` [ARG1 We 're putting a deficit-reduction bill back in the category of * being a deficit-reduction bill] , '' [rel said] *T*-1 [ARG0 Senate Budget Committee Chairman James Sasser -LRB- D. , Tenn . -RRB-] .
- [ARGM-ADV *-3 Asked *-1 why senators were giving up so much *T*-2] , [ARG0 New Mexico Sen. Pete Domenici , the ranking Republican on the Senate Budget Committee ,] [rel said] , [ARG1 0 `` We 're looking like idiots] .
- [ARG0 Sen. Dole] [rel said] [ARG1 that the move required sacrifice by every senator] .
- [ARG1 It] worked , [ARG0 others] [rel said] 0 *T*-2 , because there were no exceptions : all revenue-losing provisions were stricken *-1 .
- [ARGM-DIS But] [ARG0 Senate supporters of the trimmer legislation] [rel said] [ARG1 that other bills *ICH*-2 would soon be moving through Congress that *T*-4 could carry some of the measures that *T*-1 had been cast *-3 aside , including a capital-gains tax cut] .
- `` [ARG1 No one can predict exactly what *T*-1 will happen on the House side] , '' [rel said] *T*-2 [ARG0 Senate Minority Leader Robert Dole -LRB- R. , Kan . -RRB-] .
- [ARG0 Moody 's Investors Service] [rel said] [ARG1 0 it reduced its rating on $ 165 million *U* of subordinated debt of this Beverly Hills , Calif. , thrift] , [ARGM-ADV *-1 citing turmoil in the market for low-grade , high-yield securities] .
- [ARG0 The agency] [rel said] [ARG1 0 it reduced its rating on the thrift 's subordinated debt to B-2 from Ba-2 and will keep the debt under review for possible further downgrade] .
- [ARG0 Moody 's Investors Service Inc.] [rel said] [ARG1 0 it downgraded its rating *ICH*-1 to B-2 from Ba-3 on less than $ 20 million *U* of this thrift 's senior subordinated notes] .
- [ARG0 The rating concern] [rel said] [ARG1 0 Franklin 's `` troubled diversification record in the securities business '' was one reason for the downgrade] , [ARGM-ADV *-1 citing the troubles at its L.F. Rothschild subsidiary and the possible sale of other subsidiaries] .
- `` [ARG1 They perhaps had concern that we were getting out of all these] , '' [rel said] *T*-1 [ARG0 Franklin President Duane H. Hall] .
- [ARG0 Mr. Granville] [rel says] [ARG1 0 he would n't even think of buying until at least 600 to 700 stocks have hit 52-week lows] ; about 100 stocks hit new lows Friday .
- `` [ARG1 Most people] , '' [ARG0 he] [rel says] *T*-2 , `` have no idea what a massacre pattern looks like *T*-1 . ''
- [ARG1 Friday 's big drop] , [ARG0 she] [rel says] 0 *T*-1 , `` was not a crash .
- `` [ARG1 Those corrections lasted one to four weeks and took the market 10%-12 % *U* down] , '' [ARG0 she] [rel says] *T*-1 .
- [ARG1 Thus] , [ARG0 she] [rel says] 0 *T*-1 , if the Dow Jones Industrial Average dropped below 2450 , `` It would just be a fluke .
- [ARG0 She] [rel says] [ARG1 0 that ratio could climb to 14.5 , given current interest rates , and still be within the range of `` fair value] . ''
- [ARG1 Friday 's fall marks the start of a bear market] , [rel says] 0 *T*-1 [ARG0 Mr. Davis , president of Ned Davis Research Inc] .
- [ARGM-DIS But] [ARG0 Mr. Davis , whose views *T*-1 are widely respected *-2 by money managers ,] [rel says] [ARG1 0 he expects no 1987-style crash] .
- `` [ARG1 There was a unique combination in 1987] , '' [ARG0 he] [rel says] *T*-1 .
- Here 's *T*-4 [ARG1 what] [ARG0 several leading market experts and money managers] [rel say] *T*-2 about [ARG3-about Friday 's action] , what *T*-1 happens next and what investors should do *T*-3 .
- [ARG1 Today] could even be an up day , [ARG0 Mr. Davis] [rel says] 0 *T*-1 , if major brokerage firms agree *-2 to refrain from program trading .
- [ARGM-TMP Over the next several months] , [ARGM-DIS though] , [ARG0 he] [rel says] [ARG1 0 things look bad] .
- `` [ARG1 I think 0 the market will be heading down into November] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 That would be a normal bear market] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 I do n't think 0 that 's the case at all] , '' [rel says] *T*-1 [ARG0 Mr. Cooperman , a partner at Goldman , Sachs & Co. and chairman of Goldman Sachs Asset Management] .
- [ARG1 But the economy 's slower growth this year also means 0 the outlook for corporate profits `` is n't good] , '' [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 I 'm the only one who *T*-1 said 0 there would be an October massacre , all through late August and September] , '' [rel says] *T*-2 [ARG0 Mr. Granville , once a widely followed market guru and still a well-known newsletter writer] .
- `` I 'm [ARG0 the only one] who *T*-1 [rel said] [ARG1 0 there would be an October massacre] , [ARGM-TMP all through late August and September] , '' says *T*-2 Mr. Granville , once a widely followed market guru and still a well-known newsletter writer .
- `` [ARG1 This is the latest manifestation of the capacity of the financial community for recurrent insanity] , '' [rel says] *T*-1 [ARG0 Mr. Galbraith , an economist] .
- `` [ARG1 I see this as a reaction to the whole junk bond explosion] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 Everyone will tell you that this time is different from 1987] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-DIS Nevertheless] , [ARG0 he] [rel says] [ARG1 0 a depression does n't appear likely] .
- `` [ARG1 There is more resiliency in the economy at large than we commonly suppose 0 *?*] , '' [ARG0 he] [rel says] .
- [ARG0 New York money manager Mario Gabelli , an expert at * spotting takeover candidates ,] [rel says] [ARG1 that takeovers are n't totally gone] .
- `` [ARG1 Companies are still going *-2 to buy companies around the world] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 The market was up 35 % since -LCB- President -RCB- Bush took office] , '' [ARG0 Mr. Gabelli] [rel says] 0 *T*-3 , so a correction was *-2 to be expected *-1 .
- [ARG0 He] thinks 0 another crash is `` unlikely , '' and [rel says] [ARG1 0 he was `` nibbling at '' selected stocks during Friday 's plunge] .
- `` [ARG1 Stocks that *T*-1 were thrown *-3 out just on an emotional basis are a great opportunity *ICH*-4 -LCB- this -RCB- week for guys like me] , '' [ARG0 he] [rel says] *T*-2 .
- `` [ARG1 It seems to me that this is the pin that *T*-1 has finally pricked the balloon] , '' [rel says] *T*-2 [ARG0 Mr. Rogers , a professor of finance at Columbia University and former co-manager of one of the most successful hedge funds in history , Quantum Fund] .
- `` [ARG1 Friday you could n't sell dollars] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 If the dollar stays weak] , [ARG0 he] [rel says] 0 *T*-1 , that will add to inflationary pressures in the U.S. and make it *EXP*-2 hard for the Federal Reserve Board to ease interest rates very much .
- [ARG0 Mr. Curzio] [rel says] [ARG1 0 what *T*-1 happens now will depend a good deal on the Federal Reserve Board] .
- [ARG1 If it promptly cuts the discount rate 0 it charges *T*-1 on loans to banks] , [ARG0 he] [rel says] 0 *T*-2 , `` That could quiet things down . ''
- [ARG1 Stock prices `` would still have *-1 to go down some additional amount before we become positive on stocks] , '' [rel says] 0 *T*-2 [ARG0 Mr. Terrizzi , president and managing director of Renaissance Investment Management Inc. in Cincinnati] .
- `` [ARG1 T-bills probably are the right place 0 * to be *T*-1] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG1 Everything] that [ARG0 Mr. Lantos] [rel says] *T*-1 [ARGM-LOC in his letter] is partially true .
- [ARG0 Professor Kolb] [rel says] [ARG1 0 the original study , titled * Friday the 13th , Part VII , was published *-1 tongue-in-cheek] .
- `` [ARG1 There was n't a lot of volume because it *EXP*-3 was just impossible * to get stock moved *-4] , '' [rel said] *T*-2 [ARG0 E.E. `` Buzzy '' Geduld , president of Herzog , Heine , Geduld , a New York company that *T*-1 makes markets in thousands of OTC issues] .
- `` [ARG1 We could n't get dealers to answer their phones] , '' [rel said] *T*-1 [ARG0 Robert King , senior vice president of OTC trading at Robinson-Humphrey Co. in Atlanta] .
- [ARG0 James Tarantino , head of OTC trading at Hambrecht & Quist in San Francisco ,] [rel said] , [ARG1 0 `` It was just like two years ago] .
- [ARG0 Jeremiah Mullins , the OTC trading chief at Dean Witter Reynolds in New York ,] [rel said] [ARGM-MNR proudly] [ARG1 that his company executed every order 0 it received *T*-1 by the close of trading] .
- [ARG1 On Friday , some market makers were selling again] , [ARG0 traders] [rel said] 0 *T*-1 .
- [ARG0 Mr. Tarantino of Hambrecht & Quist] [rel said] [ARG1 0 some prices fell without trades taking place , as market makers kept *-1 dropping the prices at which they would buy shares *T*-2] .
- `` [ARG1 Everyone was hitting everyone else 's bid] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-DIS So] , [ARGM-ADV while OTC companies incurred losses on Friday] , [ARG0 trading officials] [rel said] [ARG1 0 the damage was n't as bad as it was *?* in 1987] .
- [ARG1 I do n't know of anyone carrying big inventories now] , '' [rel said] *T*-1 [ARG0 Mr. King of Robinson-Humphrey] .
- [ARG0 Tony Cecin , head of equity trading at Piper , Jaffray & Hopwood in Minneapolis ,] [rel said] [ARG1 that Piper Jaffray actually made money on Friday] .
- [ARG1 It *EXP*-1 helped that his inventory is a third smaller *ICH*-2 now than it was *?* two years ago] , [ARG0 he] [rel said] 0 *T*-3 .
- [ARG0 Joseph Hardiman , president of the National Association of Securities Dealers , which *T*-1 oversees the Nasdaq computerized trading system ,] [rel said] [ARG1 that despite the rush of selling , he never considered the situation an `` emergency] . ''
- `` [ARG1 The pace of trading was orderly] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 Mr. Cecin of Piper Jaffray] [rel says] [ARG1 0 some action from government policy makers would allay investor fears] .
- [ARG1 It *EXP*-2 wo n't take much more * to `` scare the hell out of retail investors] , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARGM-DIS But] [ARG0 grateful traders] [rel said] [ARG1 0 the sell orders generally ranged from 20,000 shares to 50,000 shares , compared with blocks of 500,000 shares or more two years ago] .
- [ARG0 Shearson 's Mr. DaPuzzo] [rel said] [ARG1 0 retail investors nervously sold stock Friday and never returned *-1 to bargain-hunt] .
- `` [ARG1 We had a good amount of selling from institutions , but not as much panic] , '' [ARG0 Mr. DaPuzzo] [rel said] *T*-1 .
- [ARGM-DIS In addition] , [ARG0 Mr. DaPuzzo] [rel said] [ARG1 0 computer-guided program selling of OTC stocks in the Russell Index of 2000 small stocks and the Standard & Poor 's 500-stock Index sent occasional `` waves `` through the market] .
- [ARGM-TMP On a day when negative takeover-related news did n't sit well with investors *T*-1] , [ARG0 Commercial Intertech , a maker of engineered metal parts ,] [rel said] [ARG1 0 Haas & Partners advised it that it does n't plan *-2 to pursue its previously reported $ 27.50-a-share *U* bid * to buy the company] .
- [ARG0 Pension funds , insurers and other behemoths of the investing world] [rel said] [ARG1 0 they began *-1 scooping up stocks during Friday 's market rout] .
- `` [ARG1 I waited *-2 to make sure 0 all the program trades had kicked through] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 I was buying at the close -LRB- Friday -RRB- and I 'll be buying again because I know 0 we 're getting good value] , '' [rel said] *T*-1 [ARG0 Frederick A. Moran , president of Moran Asset Management Inc. , Greenwich , Conn] .
- `` [ARG1 If you bought after the crash , you did very very well off the bottom] , '' [rel said] *T*-1 [ARG0 Stephen B. Timbers , chief investment officer of Chicago-based Kemper Financial Services Inc] .
- `` [ARG1 The last crash taught institutional investors that they have *-2 to be long-term holders , and that they ca n't react to short-term events , good or bad] , '' [rel said] *T*-1 [ARG0 Stephen L. Nesbitt , senior vice president for the pension consultants Wilshire Associates in Santa Monica , Calif] .
- `` [ARG1 Those that *T*-1 pulled out -LRB- of stocks -RRB- regretted it] , '' [ARG0 he] [rel said] *T*-2 , `` so I doubt 0 you 'll see any significant changes '' in institutional portfolios as a result of Friday 's decline .
- `` [ARG1 You could go down 400 points and still have a good year in the market] , '' [rel said] *T*-1 [ARG0 James D. Awad , president of New York-based BMI Capital Corp] .
- [ARG0 He] [rel said] [ARG1 0 he discerns many parallels with 1987 , including the emphasis on takeover stocks and the re-emergence of computerized program trading] .
- `` [ARG1 The only thing 0 you do n't have *T*-1] , '' [ARG0 he] [rel said] *T*-2 , `` is the ` portfolio insurance ' phenomenon overlaid * on the rest . ''
- [ARG1 Even without portfolio insurance , market conditions were grim Friday] , [ARG0 money managers] [rel said] 0 *T*-1 .
- [ARG0 Neil Weisman , whose New York-based Chilmark Capital Partners *T*-4 had converted 85 % of its $ 220 million *U* investment pool to cash in recent months ,] [rel said] [ARG1 0 he was besieged *-3 by Wall Street firms *ICH*-1 Friday asking him *-2 to take stock off their hands] .
- `` [ARG1 We got calls from big block houses asking us if we want *-2 to make bids on anything] , '' [rel said] *T*-1 [ARG0 Mr. Weisman , who , *-4 happy with his returns on investments chalked * up earlier , *T*-3 declined the offers] .
- `` [ARG1 I think 0 it will be a rigor mortis rally] , '' [ARG0 he] [rel said] *T*-1 .
- The nation 's largest short-selling operation is [ARG0 Feshbach Brothers] , Palo Alto , Calif. , which *T*-1 [rel said] [ARGM-TMP last May] [ARG1 that its short positions had shown losses of 10 % for the year up to that point] .
- `` [ARG1 We 're ahead for the year because of Friday] , '' [rel said] *T*-1 [ARG0 the firm 's Kurt Feshbach] .
- `` [ARG1 Last time , we got rewarded *-3 for *-4 going out and buying stocks when the panic was the worst *T*-5] , '' [rel said] *T*-2 [ARG0 John W. Rogers , president of Chicago-based Ariel Capital Management Inc. , which *T*-1 manages $ 1.1 billion *U* of stocks] .
- [ARG0 Food and Drug Administration spokesman Jeff Nesbit] [rel said] [ARG1 0 the agency has turned over evidence in a criminal investigation concerning Vitarine Pharmaceuticals Inc. to the U.S. Attorney 's office in Baltimore] .
- [ARG0 Mr. Nesbit] [ARGM-DIS also] [rel said] [ARG1 0 the FDA has asked Bolar Pharmaceutical Co. *-1 to recall at the retail level its urinary tract antibiotic] .
- [ARG1 But so far the company has n't complied with that request] , [ARG0 the spokesman] [rel said] 0 *T*-1 .
- [ARG1 Bolar , the subject of a criminal investigation by the FDA and the Inspector General 's office of the Health and Human Services Department , only agreed *-1 to recall two strengths of its version of Macrodantin `` as far down as direct customers , mostly wholesalers] , '' [ARG0 Mr. Nesbit] [rel said] 0 *T*-2 .
- [ARG0 The FDA] has [rel said] [ARG1 0 it presented evidence 0 it uncovered *T*-1 *ICH*-2 to the company indicating that Bolar substituted the brand-name product for its own *-3 to gain government approval * to sell generic versions of Macrodantin] .
- [ARG0 ASKO] [rel says] [ARG1 0 the Dutch-based international food retailer had n't reasonable grounds 0 * to issue preferred stock to a friendly trust *T*-1 and thus dilute the worth and voting power of ASKO and other shareholders] .
- [ARG0 A spokesman for Ahold] [rel said] [ARG1 0 his company is confident of its own position and the propriety of the preferred-share issue] .
- `` [ARG1 We simply do n't have strong leadership 0 *T*-2 to try *-3 to reduce the deficit and make tough choices] , '' [ARG0 House Budget Committee Chairman Leon Panetta -LRB- D. , Calif . -RRB-] [rel said] *T*-1 [ARGM-TMP yesterday] [ARGM-LOC on NBC News 's `` * Meet the Press] . ''
- `` [ARG1 One of the things that *T*-1 continues *-3 to worry me is this monetary warfare between the Treasury Department and the Federal Reserve Board] , '' [rel said] *T*-2 [ARG0 Lawrence Kudlow , a Bear , Stearns & Co. economist] , [ARGM-LOC on ABC 's `` This Week] . ''
- `` [ARG1 There are some very significant issues out there , such as the fiscal deficit , the trade deficit , our relations with Japan , that *T*-3 have *-2 to be the subject of major initiatives] , '' [ARG0 he] [rel said] *T*-1 [ARGM-LOC in an interview] .
- [ARG0 Some analysts] [rel say] [ARG1 0 uncertainty about Washington 's anti-takeover policy was one reason that financing for the United Airlines takeover fell through *T*-2 -- the event that *T*-1 triggered the market drop] .
- `` [ARG1 Everybody thought 0 we were looking at a repetition of 1929 , that we were looking at a recession] , '' [ARG0 Rep. Panetta] [rel said] *T*-1 [ARGM-TMP yesterday] [ARGM-LOC in an interview] .
- But administration officials privately agree with [ARG0 Mr. Panetta] , who *T*-1 [rel said] [ARG1 0 a precipitous drop this week `` is going *-2 to force the president and Congress to take a much harder look at fiscal policy] . ''
- `` [ARG1 There is an underlying concern *ICH*-5 on the part of the American people -- and there should be *?* - that the administration has not gone far enough in *-1 cutting this deficit and that Congress has been unwilling *-2 to cut what the administration asked us *-4 to cut *T*-3] , '' [rel said] *T*-6 [ARG0 Senate Finance Committee Chairman Lloyd Bentsen -LRB- D. , Texas -RRB-] .
- `` [ARG1 There is no prospect of any so-called grand compromise or deal next year because the administration simply did n't live up to this year 's deal] , '' [ARG0 Senate Majority Leader George Mitchell -LRB- D. , Maine -RRB-] [rel said] *T*-1 [ARGM-TMP yesterday] [ARGM-LOC on CBS News 's `` * Face the Nation] . ''
- `` [ARG1 The market needs a strong signal that we 're serious about deficit reduction , and the best way 0 * to do that *T*-1 is for the House of Representatives to strip their bill '' of similar provisions] , [ARG0 Sen. Warren Rudman -LRB- R. , N.H . -RRB-] . [rel said] 0 *T*-2 [ARGM-TMP yesterday] .
- [ARG0 Rep. Panetta] [rel said] [ARG1 that OMB 's figure would still be enough * to avoid permanent across-the-board cuts] , but added : 0 `` We 're getting very close to the margins here . ''
- `` [ARG1 Investors , who *T*-1 had been holding assets in anticipation of a more favorable time 0 * to sell *T*-4 , were spooked *-3] , '' [ARG0 he] [rel said] *T*-2 .
- `` [ARG1 There have been many preposterous reasons *ICH*-1 advanced * * to support a capital-gains tax cut] , '' [ARG0 Sen. Mitchell] [rel said] *T*-2 [ARGM-TMP during his television appearance] , `` but I suggest 0 that is perhaps more than any of the others .
- Small investors matched their big institutional brethren in anxiety over the weekend , but [ARG0 most] seemed *-2 to be taking a philosophical approach and [rel said] [ARG1 0 they were resigned *-1 to *-3 riding out the latest storm in the stock market] .
- `` [ARG1 I 'm not losing faith in the market] , '' [rel said] *T*-1 [ARG0 Boston lawyer Christopher Sullivan] [ARGM-TMP as he watched the market plunge on a big screen in front of a brokerage firm] .
- [ARGM-DIS But] [ARG0 Robert Showalter , an official of the association ,] [rel said] [ARG1 0 no special bulletins or emergency meetings of the investors ' clubs are planned *-1] .
- `` [ARG1 We hope *-2 to take advantage of it] , '' [rel said] *T*-1 [ARG0 John Snyder , a member of a Los Angeles investors ' club] .
- [ARG0 Marc Perkins , a Tampa , Fla. , investment banker ,] [rel said] [ARG1 0 the market drop is one of `` a tremendous number of signs that the leveraged take-out era is ending] .
- [ARG0 Sara Albert , a 34-year-old Dallas law student ,] [rel says] [ARG1 0 she 's generally skittish about the stock market and the takeover activity that *T*-1 seems *-2 to fuel it] .
- `` [ARG1 We all assumed 0 October '87 was a one-time shot] , '' [rel said] *T*-1 [ARG0 San Francisco attorney David Greenberg] .
- [ARG1 Discount brokerage customers `` have been in the market somewhat but not whole hog like they were *?* two years ago] , '' [rel says] 0 *T*-1 [ARG0 Leslie Quick Jr. , chairman of the Quick & Reilly discount brokerage firm] .
- [ARG0 Hugo Quackenbush , senior vice president at Charles Scwhab Corp. ,] [rel says] [ARG1 0 Schwab customers `` have been neutral to cautious *ICH*-1 recently about stocks] . ''
- [ARG1 Individual investors are still angry about program trading] , [ARG0 Mr. Quackenbush] [rel says] 0 *T*-1 .
- [ARG0 Avner Arbel , a Cornell University finance professor ,] [rel says] [ARG1 0 government regulators will have *-1 to more closely control program trading *-1 to `` win back the confidence of the small investor] . ''
- [ARG0 Alan Helfman , general sales manager of a Chrysler dealership in Houston ,] [rel said] [ARG1 0 he and his mother have some joint stock investments , but the overall economy is his chief worry] .
- `` [ARG1 These high rollers took a big bath today] , '' [ARG0 he] [rel said] *T*-2 [ARGM-LOC in his showroom , which *T*-1 is within a few miles of the multi-million dollar homes of some of Houston 's richest citizens] .
- [ARG1 Everything] , '' [rel said] *T*-2 [ARG0 Pascal Antori , an Akron , Ohio , plumbing contractor who *T*-1 was visiting Chicago and stopped by Fidelity Investments ' LaSalle Street office] .
- `` [ARG1 Oh , I bet 0 it 'll be up 50 points on Monday] , '' [rel said] *T*-1 [ARG0 Lucy Crump , a 78-year-old retired housewife in Lexington , Ky .]
- [ARG0 Mrs. Crump] [rel said] [ARG1 0 her Ashwood Investment Club 's portfolio lost about one-third of its value following the Black Monday crash , `` but no one got discouraged *-1 , and we gained that back -- and more] . ''
- `` [ARG1 This is n't quite a notebook -- I call it a phonebook] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 That] [ARGM-MOD ca] [ARGM-NEG n't] be [rel said] *-1 of [ARG3-of the $ 2,400 *U* notepad computer introduced * a few weeks ago by GRiD Systems Corp. , a unit of Tandy] .
- [ARG0 Some critics] , [ARGM-DIS however] , [rel say] [ARG1 its ability * to run commonplace programs is restricted *-2 by a limited memory] .
- `` [ARG1 I 've had a lot of people trying *-2 to sell me services 0 *T*-3 to find out how big it is *T*-4] , '' [rel says] *T*-1 [ARG0 Tom Humphries , director of marketing for GRiD] .
- [ARGM-ADV Toward that end] , [ARG0 experts] [rel say] [ARG1 0 the real battle will take place between center-stage players like Toshiba , Zenith and now Compaq] .
- `` [ARG1 I ca n't imagine that you 'll talk to anyone who *T*-1 wo n't tell you 0 this is dynamite for Compaq and a stopper for everyone else] , '' [rel says] *T*-2 [ARG0 Gene Talsky , president of Professional Marketing Management Inc] .
- [ARG1 International Business Machines Corp.] , [ARG0 analysts] [rel say] 0 *T*-1 , has been burned *-2 twice in *-3 trying *-4 to enter the laptop market and shows no signs of *-2 trying *-5 to get into notebooks anytime soon .
- [ARG0 Analysts] [rel say] [ARG1 0 they 're faster and carry more memory than anything else of their size on the market -- and they 're priced *-1 aggressively at $ 2,400 *U* to $ 5,000 *U*] .
- [ARG1 Sharp increases in the price of fresh produce caused Spain 's September consumer price index to shoot up 1.1 % from the previous month , * pushing the annual rate of inflation to 6.8 %] , [ARG0 the National Institute of Statistics] [rel said] 0 *T*-1 [ARGM-TMP Friday] .
- [ARG0 Ford Motor Co.] [rel said] [ARG1 0 it acquired 5 % of the shares in Jaguar PLC] .
- [ARG1 Jaguar , the London Stock Exchange and the U.S. Securities and Exchange Commission are being notified *-1 of the transactions] , [ARG0 the company] [rel said] 0 *T*-2 .
- [ARG0 General Motors Corp.] [rel said] [ARG1 0 it had discussed the possibility of a joint venture with Jaguar before Ford began *-1 buying shares] .
- [ARG0 GM] [rel said] [ARG1 0 it still is talking with Jaguar about *-1 acquiring a minority interest] .
- [ARGM-DIS But] [ARG0 some big brokerage firms] [rel said] [ARG1 0 they do n't expect major problems as a result of margin calls] .
- [ARG1 Margin calls since Friday `` have been higher than usual , but reasonable] , '' [ARG0 a spokesman for Shearson Lehman Hutton Inc.] [rel said] 0 *T*-1 .
- [ARG1 Merrill Lynch & Co. officials `` do n't expect -LCB- margin calls -RCB- to be as big a factor as in 1987 '' because fewer individual investors are buying stock on margin] , [ARG0 a spokesman] [rel said] 0 *T*-1 .
- [ARG0 Hugo Quackenbush , senior vice president at Charles Schwab Corp. , the San Francisco-based discount brokerage firm ,] [rel said] [ARG1 0 he did n't expect any immediate problems with margin calls for Schwab customers] .
- [ARG0 He] [rel said] [ARG1 0 Schwab had increased margin requirements `` so customers have more of a cushion] . ''
- [ARG0 Avis Inc.] , [ARGM-ADV *-1 following rival Hertz Corp. 's lead] , [rel said] [ARG1 0 it is backing out of frequent-flier programs with three airlines] .
- [ARGM-TMP A month ago] , [ARG0 Hertz , of Park Ridge , N.J. ,] [rel said] [ARG1 that it would drop its marketing agreements *ICH*-1 at year end with Delta , America West and Texas Air Corp. 's Continental Airlines and Eastern Airlines , and that pacts with American Airlines , UAL Inc 's United Airlines and USAir also would be ended *-2 ... sometime after Dec. 31] .
- [ARGM-TMP At the time] , [ARG0 Hertz] [rel said] [ARG1 0 its annual fees to those airlines amounted to $ 20 million *U* and that the value of redeemed awards topped $ 15 million *U*] .
- [ARG0 Budget] [rel said] [ARG1 0 its frequent-flier costs are `` substantially below '' Avis 's level] .
- [ARG0 Robert D. Cardillo , Avis vice president of marketing ,] [rel said] , [ARG1 0 `` The proliferation and costs attached * to -LCB- frequent-flier programs -RCB- have significantly diminished their value] . ''
- [ARG1 This year has been difficult for both Hertz and Avis] , [rel said] 0 *T*-1 [ARG0 Charles Finnie , car-rental industry analyst at Alex . Brown & Sons] .
- `` [ARG1 They 've been looking *-2 to get their costs down , and this is a fairly sensible way 0 * to do it *T*-3] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 The Garden City , N.Y. , car-rental company] [rel said] [ARG1 0 it wo n't renew contracts with NWA Inc. 's Northwest Airlines unit , Pan Am Corp. 's Pan American World Airways unit and Midway Airlines at the end of this year] .
- [ARG0 A spokesman for Avis] would n't specify the costs but [rel said] [ARG1 0 the three airlines being dropped * account for `` far less than half '' of the total] .
- [ARG0 Budget Rent a Car Corp. , of Chicago , and National Car Rental Systems Inc. , of Minneapolis ,] [ARGM-ADV both] [rel said] [ARG1 0 they had no plans * to follow suit] .
- `` [ARG1 I can not see how this news by Hertz and Avis can not benefit Budget 's programs] , '' [rel said] *T*-1 [ARG0 Bob Wilson , Budget 's vice president , marketing planning] .
- `` [ARG1 I have every intention of *-4 making this the best possible show and * having it run one hour is the best way to it] , '' [rel said] *T*-3 [ARG0 Rod Perth , who *T*-2 was named *-1 vice president of late night entertainment in August] .
- [ARG0 Tandem Computers Inc.] , [ARGM-ADV *-1 preparing *-2 to fight with International Business Machines Corp. for a piece of the mainframe business] , [rel said] [ARG1 0 it expects *-3 to post higher revenue and earnings for its fiscal fourth quarter ended Sept. 30] .
- [ARG0 Tandem] [rel said] [ARG1 0 it expects *-1 to report revenue of about $ 450 million *U* and earnings of 35 cents to 40 cents a share] .
- `` [ARG1 We believe 0 they could siphon perhaps two to three billion dollars from IBM '' over the next few years] , [rel said] 0 *T*-1 [ARG0 George Weiss , an analyst at the Gartner group] .
- `` [ARG1 I 'd be disappointed if the company grew by less than 20 % next year] , '' [rel said] *T*-1 [ARG0 John Levinson , an analyst at Goldman , Sachs & Co] .
- `` [ARG1 Obviously IBM can give bigger discounts to users immediately] , '' [rel said] *T*-1 [ARG0 Mr. Weiss] .
- `` [ARG1 The answer is n't price reductions , but new systems] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 We 're after a little bigger niche] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 The results , which *T*-1 are in line with analysts ' estimates , reflect `` a continued improvement in our U.S. business] , '' [rel said] 0 *T*-2 [ARG0 James Treybig , Tandem 's chief executive officer] .
- *-1 [ARGM-ADV Commenting on the results for the quarter] , [ARG0 Mr. Treybig] [rel said] [ARG1 0 the strength of the company 's domestic business came as `` a surprise '' to him] , [ARGM-ADV *-1 noting that sales `` in every region of the U.S. exceeded our plan] . ''
- [ARG1 The company 's U.S. performance was helped *-1 by `` a record quarter for new customers] , '' [ARG0 he] [rel said] 0 *T*-2 .
- `` [ARG1 The market today has a life of its own] , '' [ARG0 John Akers , chairman of International Business Machines Corp. ,] [rel said] *T*-1 [ARGM-TMP Saturday] .
- [ARG1 The plunge in stock prices `` is happening at a time when the economy has already slowed down *T*-1] , '' [rel says] 0 *T*-2 [ARG0 economist Lawrence Chimerine of WEFA Group , a Bala Cynwyd , Pa. , forecasting company] .
- [ARG1 The 1987 crash was `` a false alarm however you view it *T*-1] , '' [rel says] 0 *T*-2 [ARG0 University of Chicago economist Victor Zarnowitz] .
- `` [ARG1 You will find the commodities off more than the others and the diversified companies about even or slightly better] , '' [rel says] *T*-1 [ARG0 James Wilbur , a Smith Barney analyst] .
- Searle continued *-1 to operate in the red through the first half of the year , [ARGM-DIS but] [ARG0 Monsanto] has [rel said] [ARG1 0 it expects Searle to post a profit for all of 1989] .
- [ARGM-DIS But] [ARG0 doubters] [rel say] [ARG1 0 growing production capacity could keep pressure on prices into the early 1990s] .
- For [ARG3-For Himont Inc.] , `` [ARG1 how far down it is *T*-1 , we do n't know *T*-2] , '' [rel says] *T*-3 [ARG0 Leslie Ravitz at Salomon Brothers] .
- `` [ARG1 For some of these companies , this will be the first quarter with year-to-year negative comparisons] , '' [rel says] *T*-1 [ARG0 Leonard Bogner , a chemical industry analyst at Prudential Bache Research] .
- [ARG0 Freddie Mac] [rel said] [ARG1 0 the principal-only securities were priced *-1 at 58 1\/4 *-2 to yield 8.45 %] , [ARGM-ADV assuming an average life of eight years and a prepayment of 160 % of the PSA model] .
- `` [ARG1 Trade is definitely going *-3 to be more politically sensitive over the next six or seven months as improvement begins *-1 to slow] , '' [ARG0 he] [rel said] *T*-2 .
- [ARG1 Exports are thought *-1 to have risen strongly in August , but probably not enough * to offset the jump in imports] , [ARG0 economists] [rel said] *T*-2 .
- `` [ARG1 Auto prices had a big effect in the PPI , and at the CPI level they wo n't *?*] , '' [ARG0 he] [rel said] *T*-1 .
- [ARG1 Food prices are expected *-2 to be unchanged , but energy costs jumped as much as 4 %] , [rel said] 0 *T*-1 [ARG0 Gary Ciminero , economist at Fleet\/Norstar Financial Group] .
- [ARG0 He] [ARGM-DIS also] [rel says] [ARG1 0 he thinks 0 `` core inflation , '' which *T*-1 excludes the volatile food and energy prices , was strong last month] .
- [ARG0 Economists] [rel say] [ARG1 0 an August rebound in permits for multifamily units signaled an increase in September starts , though activity remains fairly modest by historical standards] .
- [ARG1 `` There 's a possibility of a surprise '' in the trade report] , [rel said] 0 *T*-1 [ARG0 Michael Englund , director of research at MMS] .
- [ARGM-DIS In any event] , [ARG0 Mr. Englund and many others] [rel say] [ARG1 that the easy gains in * narrowing the trade gap have already been made *-1] .
- `` [ARG1 We hope that with what we did *T*-1 , the regulators will not need *-2 to evaluate Hoylake , and they can directly look at the agreement with us , because Hoylake wo n't be an owner of Farmers at anytime] , '' [ARG0 Mr. Bebear] [rel said] *T*-3 .
- [ARG0 Hoylake] dropped its initial # 13.35 billion *U* -LRB- $ 20.71 billion *U* -RRB- takeover bid after it received the extension , but [rel said] [ARG1 0 it would launch a new bid if and when the propsed sale of Farmers to Axa receives regulatory approval *T*-1] .
- [ARG0 A spokesman for B.A.T] [rel said] of [ARG3-of the amended filings] [ARG1 that , `` It would appear that nothing substantive has changed] .
- [ARGM-LOC In an interview] [ARGM-TMP Thursday] , [ARG0 Claude Bebear , chairman and chief executive officer of Axa ,] [rel said] [ARG1 0 his group has already obtained assurances *ICH*-1 from a group of banks led * by Cie . Financiere de Paribas that they can provide the loan portion of the financing] .
- [ARG1 The other banking companies in the group are Credit Lyonnais , Societe Generale , BankAmerica Corp. and Citicorp] , [ARG0 he] [rel said] 0 *T*-1 .
- [ARG0 Mr. Bebear] [rel said] [ARG1 0 Axa-Midi Group has `` more than $ 2.5 billion *U* of non-strategic assets that we can and will sell '' *T*-1 *-2 to help *-3 pay off debt from the acquisition] .
- [ARG0 He] [rel said] [ARG1 0 the assets 0 *T*-2 to be sold *-3 would be `` non-insurance '' assets , including a beer company and a real estate firm , and would n't include any pieces of Farmers] .
- `` [ARG1 We wo n't put any burden on Farmers] , '' [ARG0 he] [rel said] *T*-1 .
- [ARGM-DIS Furthermore] , [ARG0 dealers contacted late last week] [rel said] [ARG1 0 they could n't see any immediate impact on sales of Friday 's steep market decline] .
- [ARG1 The sales drop for the No. 1 car maker may have been caused *-3 in part by the end in September of dealer incentives that GM offered *T*-1 in addition to consumer rebates and low-interest financing] , [ARG0 a company spokesman] [rel said] 0 *T*-2 .
- [ARG1 Honda 's plant in Marysville , Ohio , was gearing up * to build 1990 model Accords ,] [ARG0 a Honda spokesman] [rel said] 0 *T*-1 .
- [ARGM-ADV Separately] , [ARG0 Chrysler] [rel said] [ARG1 0 firm prices on its 1990-model domestic cars and minivans will rise an average of 5 % over comparably equipped 1989 models] .
- [ARGM-TMP At that time] , [ARG0 Chrysler] [rel said] [ARG1 0 base prices , which *T*-2 are n't adjusted *-1 for equipment changes , would rise between 4 % and 9 % *U* on most vehicle] .
- `` [ARG1 We 've created a condition where , without incentives , it 's a tough market *T*-2] , '' [rel said] *T*-1 [ARG0 Tom Kelly , sales manager for Bill Wink Chevrolet in Dearborn , Mich] .
- `` [ARG1 They have a lot 0 * to do *T*-2 these days * to compete with Hungarian radio] , '' [rel says] *T*-1 [ARG0 Andrew Deak , a computer-science student at the Technical University in Budapest] .
- [ARGM-ADV With its mission for free speech and the capitalist way] , [ARG0 the network 's staff] [rel says] [ARG1 0 it still has plenty 0 * to do *T*-1 -- in Hungary and in the `` Great Eastern Beyond] . ''
- [ARG0 Radio Free Europe and its sister station for the Soviet Union , Radio Liberty ,] [rel say] [ARG1 0 they wo n't cut back their more than 19 hours of daily broadcasts] .
- Not only did the Hungarian Ministry of Foreign Affairs approve Radio Free Europe 's new location , but the Ministry of Telecommunications did something even more amazing : `` [ARG1 They found us four phone lines in central Budapest] , '' [rel says] *T*-2 [ARG0 Geza Szocs , a Radio Free Europe correspondent who *T*-1 helped *-3 organize the Budapest location] .
- [ARGM-DIS In fact] , [ARG0 some of the network 's Hungarian listeners] [rel say] [ARG1 0 they owe Radio Free Europe loyalty because it was responsible in many ways for * keeping hope alive through what one writer here calls *T*-1 the `` Dark Ages of the 20th Century] . ''
- `` [ARG1 During the past four years , many of us have sat up until late at night * listening to our radios] , '' [rel says] *T*-1 [ARG0 the writer] .
- `` [ARG1 I think 0 this is a victory for the radio] , '' [rel says] *T*-2 [ARG0 Barnabas de Bueky , a 55-year-old former Hungarian refugee who *T*-1 works in the Munich , West Germany , headquarters as deputy director of the Hungarian service] .
- `` [ARG1 When we listen to the Europe station *T*-1 , my mother still gets nervous] , '' [rel says] *T*-2 [ARG0 a Budapest translator] .
- `` [ARG1 We are starving for all the news] , '' [rel says] *T*-1 [ARG0 Mr. Deak , the student] .
- [ARG0 Drug Emporium Inc.] [rel said] [ARG1 0 Gary Wilber , 39 years old , who *T*-2 had been president and chief operating officer for the past year , was named *-1 chief executive officer of this drugstore chain] .
- [ARG0 American Physicians Service Group Inc.] [rel said] [ARG1 0 it purchased about 42 % of Prime Medical Services Inc. for about $ 5 million *U* from Texas American Energy Corp] .
- [ARG0 American Physicians] [rel said] [ARG1 0 it also replaced four Texas American representatives on Prime 's five-member board] .
- [ARG1 The inflation-adjusted growth rate for France 's gross domestic product for the second quarter was revised *-1 upward to 0.8 % from the previous three months from the initial estimate of 0.7 %] , [ARG0 the National Statistics Institute] [rel said] 0 *T*-2 .
- [ARG0 The state agency] [rel said] [ARG1 0 the latest revision left the growth rate for the first-quarter compared with the previous three months unchanged at 1.3 %] .
- [ARG1 If the economy continues *-1 to expand by 0.8 % a quarter for the rest of the year , it would leave GDP growth for all of 1989 at 3 %] , [ARG0 the institute] [rel said] 0 *T*-2 .
- [ARG1 I 'm sure 0 they 'll do what *T*-1 's right , what *T*-2 's prudent , what *T*-3 's sensible] , '' [ARG0 he] [rel said] *T*-4 .
- `` [ARG1 Today 's stock market decline does n't signal any fundamental change in the condition of the economy] , '' [ARG0 he] [rel said] *T*-1 .
- `` [ARG1 One possibility is that this is a surgical setback , reasonably limited in its breadth , and not a major problem] , '' [rel said] *T*-2 [ARG0 one senior administration official , who also *T*-3 asked that he not be named *-1] .
- [ARG0 Aides] [rel say] [ARG1 0 he continued *-4 to work the phones through the weekend] .
- [ARG0 Administration officials] [rel say] [ARG1 0 President Bush was briefed *-1 throughout Friday afternoon and evening , even after * leaving for Camp David] .
- `` [ARG1 The disadvantage at this point is that anything 0 you do *T*-2 that *T*-1 looks like you are doing too much tends *-4 to reinforce a sense of crisis] , '' [rel said] *T*-3 [ARG0 one government official , insisting on anonymity] .
- The Fed 's efforts at secrecy were partly foiled *-1 Sunday morning , when both the New York Times and the Washington Post carried stories quoting [ARG0 a senior Fed official] [rel saying] [ARG1 0 the central bank was prepared * to pour cash into the banking system Monday morning] *T*-2 .
- `` [ARG1 There has been a lot of emotional selling that *T*-1 presents a nice buying opportunity if you 've got the cash] , '' [rel says] *T*-2 [ARG0 Stephen B. Timbers , chief investment officer of Chicago-based Kemper Financial Services Inc] .
- `` [ARG1 When you see a runaway train] , '' [rel says] *T*-1 [ARG0 Steve Janachowski , partner in the San Francisco investment advisory firm Brouwer & Janachowski] , `` you wait for the train to stop . ''
- [ARG1 The best thing 0 individual investors can do *T*-2 is * `` just sit tight] , '' [rel says] *T*-3 [ARG0 Marshall B. Front , executive vice president and head of investment counseling at Stein Roe & Farnham Inc. , a Chicago-based investment counseling firm that *T*-1 manages about $ 18 billion *U*] .
- `` [ARG1 This is all emotion right now , and when emotion starts *-2 to run *T*-1 , it can run further than anyone anticipates] , '' [ARG0 he] [rel said] *T*-3 .
- [ARG0 Roger Ibbotson , professor of finance at Yale University and head of the market information firm Ibbotson Associates Inc. ,] [rel says] , `` [ARG1 My real advice would be * to just ride through it] .
- [ARG0 John Snyder , former president of the Los Angeles chapter of the National Association of Investors Corp. , an organization of investment clubs and individual investors ,] [rel says] [ARG1 0 his fellow club members did n't sell in the crash of 1987 , and see no reason 0 * to sell now *T*-1] .
- `` [ARG1 We 're dedicated long-term investors , not traders] , '' [ARG0 he] [rel says] *T*-1 .
- [ARG1 Friday 's action `` was an old-fashioned panic] , '' [rel says] 0 *T*-1 [ARG0 Alfred Goldman , director of technical market analysis for A.G. Edwards & Sons in St. Louis] .
- [ARG1 Stocks such as Hershey Foods Corp. , Wal-Mart Stores Inc. , American International Group Inc. and Federal National Mortgage Association became such bargains that he could n't resist them] , [ARG0 he] [rel says] 0 *T*-1 .
- `` [ARG1 It will be chaotic at first , but I would not be buying if I thought 0 we were headed *-1 for real trouble] , '' [ARG0 he] [rel says] *T*-2 .
- [ARG0 They] [rel say] [ARG1 0 investors should sell stocks -- but not necessarily right away] .
- [ARG0 No one] [ARGM-MOD can] [rel say] [ARGM-MNR for sure] [ARG1 what *T*-1 will happen today] .
- [ARG0 He] [rel says] [ARG1 0 the Oct. 6 employment report , showing slower economic growth and a severe weakening in the manufacturing sector , is a warning sign to investors] .
- * Paying , [rel say] , [ARG1 10 % for insurance against losses] takes a deep bite out of the return .
- [ARG0 Coldwell Banker Commercial Group] [rel said] [ARG1 0 it sold $ 47 million *U* of common stock to its employees at $ 10 *U* a share , * giving them a total stake of more than 40 % in the commercial real estate brokerage firm] .
- [ARGM-ADV Though the offering did n't sell out] , [ARG0 James J. Didion , chairman and chief executive officer ,] [rel said] , `` [ARG1 We 're pretty proud of the employees ' response] . ''
- `` [ARG1 They came up with their own money instead of borrowed money] , '' [ARG0 Mr. Didion] [rel said] *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 the offering was designed *-1 to create long-term incentives for employees] .
- [ARGM-DIS But] [ARGM-TMP for the moment] , attention focuses on the reforms that *T*-2 were put *-1 into place , and [ARG0 market regulators and participants] [rel said] [ARG1 0 the circuit breakers worked as * intended] .
- `` [ARG1 You do n't want the fire but you know what * to do *T*-1] , '' [rel said] *T*-2 [ARG0 Howard Dubnow , an independent floor broker and a Merc governor] .
- [ARG1 The company is already working on its own programming in several provincial cities and hopes *-1 to be on the air regularly in about a year] , [ARG0 the newspaper] [rel said] 0 *T*-2 .
- [ARG0 South Africa 's National Union of Mineworkers] [rel said] [ARG1 that about 10,000 diamond miners struck for higher wages at De Beers Consolidated Mines Ltd.]
- [ARG0 De Beers] [rel said] [ARG1 that workers at five of the group 's mines were on strike , which it said 0 *T*-1 was peaceful , with orderly picketing occurring at one of the mines] .
- [ARG0 Tsuruo Yamaguchi , secretary general of the Socialist Party ,] acknowledged that nine party lawmakers had received donations from the pachinko association totaling 8 million yen -LRB- about $ 55,000 *U* -RRB- but [rel said] [ARG1 0 the donations were legal and none of its members acted *-1 to favor the industry] .
- [ARG0 The World Wide Fund for Nature] [rel said] [ARG1 that Spain , Argentina , Thailand and Indonesia were doing too little 0 *T*-1 to prevent illegal trade in endangered wildlife across their borders] .
- [ARG0 Fund official Simon Lyster] [rel said] [ARG1 0 world trade in wildlife was estimated *-1 to total $ 5 billion *U* of business annually] .
- [ARG0 The official China Daily] [rel said] [ARG1 0 retail prices of non-staple foods have n't risen since last December] but acknowledged 0 that huge government subsidies were a main factor in * keeping prices down .
- The newspaper quoted [ARG0 experts] as *-1 [rel saying] [ARG1 0 the subsidies would cause the difference between prices and real values of commodities to `` become very unreasonable '' and reduce needed funds for investment in the `` already difficult state budget] . ''
- The statue is the brainchild of Sik Chi Wan , [ARG0 director of the Po Lin Monastery] , who *T*-1 [rel said] : `` [ARG1 Hong Kong is such a prosperous place , 0 we also need some kind of religious symbol] .
- `` [ARG1 I have n't been able * to get a decent night 's sleep since this has been going on] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 The gist of this is that Justin knocked off the Sony line and Sony wants *-3 to stop it] , '' [rel says] *T*-2 [ARG0 Lewis H. Eslinger , Sony 's attorney , who *T*-1 previously guarded Rubik 's Cube] .
- [ARG1 If Sony wins] , [ARG0 Mr. Eslinger] [rel says] , its little rival will have *-1 to try *-2 to sell the products overseas .
- [ARG0 Mr. Kaye] denies the suit 's charges and [rel says] [ARG1 0 his only mistake was * taking on Sony in the marketplace] .
- `` [ARG1 I made a similar line and I produced it cheaper] , '' [ARG0 he] [rel says] *T*-1 .
- `` [ARG1 I had no idea 0 I was getting in so deep] , '' [rel says] *T*-2 [ARG0 Mr. Kaye , who *T*-1 founded Justin in 1982] .
- [ARG1 The company has grown -- to about 40 employees , from four initially] , [ARG0 Mr. Kaye] [rel says] *T*-1 .
- -LRB- [ARGM-LOC In court papers] , [ARG0 Sony] [rel says] [ARG1 0 it has spent more than $ 3 million *U* *-1 to promote the line , with resulting sales of over a million units] . -RRB-
- -LRB- `` [ARG1 * To be successful , a product can be any color whatsoever , as long as it is fire-engine red] , '' [rel says] *T*-1 [ARG0 Charles E. Baxley , Justin 's attorney] . -RRB-
- [ARGM-DIS And] [ARG0 Justin] , [ARGM-LOC in a news release] , [rel says] , `` [ARG1 *-1 Once competitive , Sony now resorts to strong-arm tactics in American courtrooms *-1 to carve out *RNR*-2 and protect *RNR*-2 niche markets] . ''
- [ARG0 Mr. Kaye] [rel says] [ARG1 0 he has paid more than $ 70,000 *U* in legal fees so far] .
- Of [ARG3-Of Sony] , [ARG0 Mr. Kaye] [rel says] : `` [ARG1 They know 0 there 's no way 0 for them to lose *T*-1] .
- [ARG1 The stock was bought *-1 on Thursday in a privately negotiated transaction] , [ARG0 the filing] [rel said] 0 *T*-2 .
- [ARG1 Dresdner Bank AG of West Germany has announced a friendly tender offer for control of Banque Internationale de Placements , a French bank whose main shareholder *T*-1 is France 's Societe Generale ,] [ARG0 the Societe de Bourses Francaises] [rel said] *T*-2 .
- [ARG0 Mexican investor Joel Rocha Garza] [rel said] [ARG1 0 he sold a block of 600,000 shares of Smith Laboratories Inc. common stock to companies affiliated * with him] .
- [ARGM-LOC In a filing with the Securities and Exchange Commission] , [ARG0 Mr. Rocha Garza] [rel said] [ARG1 0 Biscayne Syndicate Inc. , Lahus II Inc. , and Lahus III Inc. bought the 600,000 shares on Oct. 11 for $ 1.4 million *U* , or $ 2.375 *U* a share] .
- [ARG0 Mr. Rocha Garza] [rel said] [ARG1 that he , Clarendon Group Ltd. , Biscayne , Lahus II , and Lahus III are all affiliated and hold a combined stake of 1,234,100 shares , or 9.33 %] .
- [ARG0 Mr. Rocha Garza] has [rel said] [ARG1 0 he wants *-1 to purchase more shares] .
- [ARGM-LOC In San Diego] , [ARG0 Smith Laboratories President Timothy Wollaeger] [rel said] [ARG1 0 the transfer of the shares is n't significant] .
- [ARG0 Investcorp , New York ,] [rel said] [ARG1 0 it and the management of Sports & Recreation Inc. bought the operator of the 10-store Sports Unlimited chain for some $ 40 million *U*] .
- [ARG1 The investment bank becomes majority shareholder in Sports & Recreation , a 10-year-old sporting goods retailer ,] [rel said] *T*-1 [ARG0 Oliver E. Richardson , a member of Investcorp 's management committee and a director of the chain] .
- [ARG1 The company is `` very profitable '' on an operating basis] , [ARG0 Mr. Richardson] [rel said] 0 *T*-1 , but he declined *-2 to specify numbers .
- [ARG1 In the latest transaction , management bought out the passive investors ' holding] , [ARG0 Mr. Richardson] [rel said] 0 *T*-1 .
- [ARG0 Hammond Co. , Newport Beach , Calif. ,] [rel said] [ARG1 0 Fidelity National Financial Inc. extended its previous agreement , under which it wo n't purchase any more of the mortgage banker 's common stock *T*-1 , through Oct. 31] .
- [ARG0 Hammond] [rel said] [ARG1 that its discussions with Fidelity , an Irvine , Calif. , title-insurance underwriter , are continuing , but that prospects for a longer-term standstill agreement are uncertain] .
- [ARG0 Giant Group Ltd.] [rel said] [ARG1 0 it terminated negotiations for the purchase of Aspen Airways , a Denver-based regional carrier that *T*-1 operates the United Express connector service under contract to UAL Corp. 's United Airlines] .
- [ARG0 The state-controlled insurer Assurances Generales de France] [rel said] [ARG1 0 it has obtained regulatory approval * to increase its stake in the financial holding company Cie. de Navigation Mixte above 10 % from the current level of about 8 %] .
- AGF did n't comment officially on its reasons for * seeking the approval , but [ARG0 people close to the group] [rel said] [ARG1 0 it was done *-1 * to make sure 0 the group would have the flexibility 0 * to increase its stake in the future *T*-2 , should interesting price opportunities arise] .
- [ARG0 Lockheed Aeronautical Systems Co. , a unit of Lockheed Corp. ,] [rel said] [ARG1 0 it agreed *-1 to join with Aermacchi S.p . A. of Varese , Italy , * to propose a new generation of jet trainers for the U.S. Air Force] .
- [ARG0 Lockheed] [rel said] [ARG1 0 the U.S. Navy may also buy an additional 340 trainer aircraft 0 *T*-1 to replace its T34C trainers made * by the Beech Aircraft Corp. unit of Raytheon Corp] .
- [ARG0 A Lockheed spokesman in Burbank , Calif. ,] [rel said] [ARG1 0 he was n't aware of which other companies *T*-1 would be competing for the Air Force contract] .
- `` [ARG1 The music has stopped * playing] , '' [rel says] *T*-1 [ARG0 Michael Harkins , a principal in the investment firm of Levy Harkins] .
- [ARG1 The outlook `` looks shaky because we 're still waiting '' for mutual funds , in particular , to dump some of their junk bond holdings * to pay off redemptions by individual investors] , [rel says] 0 *T*-1 [ARG0 King Penniman , senior vice president at McCarthy , Crisanti & Maffei , an investment arm of Xerox Financial Services] .
- `` [ARG1 When you get panic in one market *T*-1 , you get flight to quality in the other] , '' [rel said] *T*-2 [ARG0 Maria Ramirez , money market economist at Drexel Burnham Lambert Inc] .
- `` [ARG1 This marks a significant shift in the interest rate outlook] , '' [rel says] *T*-1 [ARG0 William Sullivan , director of money market research at Dean Witter Reynolds Inc. , New York] .
- [ARG0 Robert Dow , a partner and portfolio manager at Lord , Abbett & Co. , which *T*-1 manages $ 4 billion *U* of high-yield bonds ,] [rel says] [ARG1 0 he does n't `` think 0 there is any fundamental economic rationale -LCB- for the junk bond rout -RCB-] .
- `` [ARG1 The junk bond market is in a state of gridlock now -- there are no bids , only offers] , '' [rel says] *T*-3 [ARG0 independent investor Martin D. Sass , who *T*-1 manages nearly $ 4 billion *U* and who *T*-2 recently decided *-4 to buy distressed securities for a new fund] .
- `` [ARG1 That 's a clear indication that there is *RNR*-1 and will be *RNR*-1 an undercurrent of basic business going on] , '' [rel says] *T*-2 [ARG0 Mr. Carleton of First Boston] .
- `` [ARG1 I do n't know how people can say 0 the junk bond market disappeared *T*-3 when there were $ 1.5 billion *U* of orders for $ 550 million *U* of junk bonds sold last week by Turner *T*-2] , '' [rel says] *T*-1 [ARG0 Raymond Minella , co-head of merchant banking at Merrill Lynch & Co] .
- `` I do n't know [ARGM-MNR how] [ARG0 people] [ARGM-MOD can] [rel say] [ARG1 0 the junk bond market disappeared] *T*-3 [ARGM-TMP when there were $ 1.5 billion *U* of orders for $ 550 million *U* of junk bonds sold last week by Turner *T*-2] , '' says *T*-1 Raymond Minella , co-head of merchant banking at Merrill Lynch & Co .
- [ARG1 This calamity] is `` far from over , '' [ARG0 he] [rel says] 0 *T*-1 .
- [ARG0 Michael McNamara , director of fixed-income research at Kemper Financial Services ,] [rel says] [ARG1 0 the quality of junk issues has been getting poorer , * contributing to the slide in prices] .
- `` [ARG1 Last year we probably bought one out of every three new deals] , '' [ARG0 he] [rel says] *T*-1 .
- [ARGM-DIS However] , [ARG0 Mr. McNamara] [rel said] [ARG1 0 the slide in junk is creating `` one hell of a buying opportunity '' for selective buyers] .
- `` [ARG1 The market has been weak since '' the announcement of the Campeau cash squeeze and the company 's subsequent bailout by Olympia & York] , [rel says] *T*-1 [ARG0 Mr. Minella of Merrill Lynch] .
- -- [ARGM-TMP In June] , [ARGM-TMP two months before it would default on interest payments covering some of its $ 1.2 billion *U* of speculative debt securities] , [ARG0 New York-based Integrated Resources Inc.] [rel said] [ARG1 0 it ran out of borrowed money] .
- [ARG0 Moody 's] [rel says] [ARG1 0 the frequency of corporate credit downgrades is the highest this year since 1982] .
- `` [ARG1 The era of the 1980s is about compound interest and the reaching for it] , '' [rel says] *T*-1 [ARG0 James Grant , editor of Grant 's Interest Rate Observer , an early critic of the junk bond market] .
- [ARG1 But `` an eerie silence pervaded '' the junk market Friday as prices tumbled on hundreds of high-yield bonds despite `` no active trading] , '' [rel says] *T*-1 [ARG0 John Lonski , an economist at Moody 's Investors Service Inc] .
- [ARGM-ADV Despite rumors that the TVA 's long-awaited offering would be postponed *-1 because of the debacle in the equity markets] , [ARG0 sources in the underwriting syndicate] [rel said] [ARG1 0 they expect 0 the issue will be priced *-2 as * scheduled] .
- [ARG0 One of the sources] [rel said] [ARG1 0 the smaller portions of $ 750 million *U* each of five-year and 10-year bonds have already been `` substantially oversubscribed *-1] . ''
- There is [ARG1 a great deal] 0 *T*-2 to be [rel said] *-1 , [ARGM-ADV * to be sure] , [ARGM-PNC for * stripping the garbage out of the reconciliation bill] .
- [ARG0 The parent company of First National Bank of Chicago , with $ 48 billion *U* in assets ,] [rel said] [ARG1 0 it set aside $ 200 million *U* * to absorb losses on loans and investments in financially troubled countries] .
- [ARGM-ADV Despite this loss] , [ARG0 First Chicago] [rel said] [ARG1 0 it does n't need *-1 to sell stock *-1 to raise capital] .
- [ARG1 The decision was based *-1 solely on problems with the UAL management-pilot plan ,] [ARG0 they] [rel said] 0 *T*-2 .
- [ARG0 America West] [rel said] [ARGM-TMP Friday] [ARG1 0 it will postpone its new service out of Houston because of delays in * receiving aircraft from Boeing] .
- [ARG1 Saatchi & Saatchi would launch a management buy-out if a hostile suitor emerged] , [ARG0 an official] [rel said] 0 *T*-1 .
- Many banks refused *-1 to back the $ 6.79 billion *U* transaction , but [ARG0 bankers] [rel said] [ARG1 0 it was not from any unwillingness * to finance takeovers] .
- `` [ARG1 The court was careful * to say that the adverse information appeared in the very same articles *RNR*-1 and received the same attention *RNR*-1 as the company 's statements] , '' [rel said] *T*-4 [ARG0 Patrick Grannon , a Los Angeles lawyer at the firm of Greenfield & Chimicles , which *T*-3 was n't involved *-2 in the case] .
- `` [ARG0 The court] was careful * to [rel say] [ARG1 that the adverse information appeared in the very same articles *RNR*-1 and received the same attention *RNR*-1 as the company 's statements] , '' said *T*-4 Patrick Grannon , a Los Angeles lawyer at the firm of Greenfield & Chimicles , which *T*-3 was n't involved *-2 in the case .
- `` [ARG0 The court] is [rel saying] [ARG1 that the adverse facts have *-2 to be transferred *-1 to the market with equal intensity and credibility as the statements of corporate insiders] . ''
- They wrote : `` The opinion establishes a new rule of immunity -- that [ARGM-ADV if a wide variety of opinions on a company 's business are publicly reported *-1] , [ARG0 the company] [ARGM-MOD can] [rel say] [ARG1 anything] [ARGM-MNR without fear of securities liability] . ''
- [ARG0 Douglas R. Pappas of Myerson & Kuhn] [rel says] [ARG1 0 about $ 5.3 million *U* of the award goes directly to the USFL * to reimburse it for fees already paid] .
- [ARG0 Lawyers specializing in shareholder suits] [rel said] [ARG1 0 they are concerned that use of the `` press defense '' by corporations may become popular as a result of the ruling] .
- [ARGM-DIS But] [ARG0 Shepard Goldfein , an attorney for the NFL ,] [rel says] [ARG1 0 his client will consider *-1 asking for another hearing or appealing to the U.S. Supreme Court] .
- [ARG0 Mr. Goldfein , of Skadden , Arps , Slate , Meagher & Flom in New York ,] [rel says] [ARG1 0 the ruling is wrong and the fee award is excessive because the USFL lost its major claims , including its contention that the NFL restrained trade through television contracts] .
- [ARG1 But they will work together on energy - , environmental - and fair-trade-related issues and conduct seminars on topics of mutual interest] , [rel said] *T*-1 [ARG0 Gibson Gayle Jr. of 585-lawyer Fulbright & Jaworski] .
- [ARG1 The arrangement , reached * after about eight months of negotiations , grew out of 80-lawyer Fenerty Robertson 's desire * to develop ties with a U.S. firm in light of relaxed trade barriers between the U.S. and Canada] , [rel said] *T*-1 [ARG0 Francis M. Saville of Fenerty Robertson] .
- [ARG0 A spokesman for the company] [rel said] [ARG1 0 the verdict is thought *-2 to be the first in favor of an asbestos manufacturer where the plaintiff was a school and the asbestos in question was used *-1 for fireproofing *T*-3] .
- [ARG0 Mr. Magurno] [rel said] [ARG1 0 he will split his time between the 200-lawyer firm 's offices in Washington , D.C. , and New York , with specialties in aviation and labor law] .
- [ARG0 Apple Computer Inc.] [rel said] [ARG1 0 it will offer cash rebates on several of its machines from Oct. 14 to Dec. 31. , as part of a holiday-season sales promotion] .
- [ARG1 The parent companies forecast sales for the venture of around 750 million marks for its first fiscal year] , [ARG0 Matsushita] [rel said] 0 *T*-1 .
- [ARG0 He] [rel said] [ARG1 0 he will now consider those offers] .
- [ARG0 Mr. Rosenblatt] [rel said] [ARG1 0 he resigned because of difficulties with * commuting between his home in New York and the magazine 's editorial offices in Washington] .
- `` [ARG1 Frankly , I missed my family] , '' [rel said] *T*-1 [ARG0 Mr. Rosenblatt] .
- [ARG0 Mortimer B. Zuckerman , chairman and editor in chief ,] [rel said] [ARG1 0 Mr. Rosenblatt would be succeeded starting today by Michael Ruby , the magazine 's executive editor , and Merrill McLoughlin , a senior writer] .
- [ARG0 Mr. Zuckerman] [rel said] [ARG1 0 his magazine would maintain its editorial format , which *T*-1 is a mix of analysis and trend stories with service-oriented , how-to articles] .
- [ARG0 Mr. Rosenblatt , a senior writer at Time magazine before * joining U.S. News & World Report ,] [rel said] [ARG1 0 he had numerous job offers from other magazines while he was editor] .
- [ARG0 Avions Marcel Dassault-Breguet Aviation S.A.] [rel said] [ARG1 0 group profit before taxes and contributions to employee profit-sharing soared 97 % to 839 million francs -LRB- $ 129.6 million *U* -RRB- in the first half of 1989 from 425 million francs a year earlier] .
- [ARGM-DIS Still] , [ARG0 it] [rel said] [ARG1 0 it expects sales for all of 1989 to be on the order of 20 billion francs , * reflecting anticipated billings for two large contracts in the second half of the year] .
- [ARG1 Keystone Consolidated Industries Inc. expects *-1 to report earnings before extraordinary tax benefits of about $ 1.5 million *U* , or about 41 cents a share , for the third quarter , compared with a loss last year] , [rel said] 0 *T*-2 [ARG0 Glenn R. Simmons , chairman and chief executive officer] .
- [ARG0 Mr. Simmons] [rel said] [ARG1 0 Keystone 's new mill is expected * to produce about 585,000 tons of steel rods this year , up from 413,000 tons in 1988] .
- [ARG1 Production at the mill] has exceeded the ability *ICH*-2 of Keystone 's casting operation * to supply it , [ARG0 he] [rel said] 0 *T*-3 , which *T*-1 will force Keystone *-4 to purchase billet , or unfinished steel bars , from outside the company during the fourth quarter and next year .
- [ARG1 After a tax benefit of about $ 780,000 *U* , Keystone expects *-2 to report net income of $ 2.3 million *U* , or about 62 cents a share] , [ARG0 Mr. Simmons] [rel said] 0 *T*-1 .
- [ARG1 Keystone will have *-1 to consider *-2 expanding its casting operation , at an estimated cost of $ 8 million to $ 10 million *U* , within the next 18 to 24 months] , [ARG0 Mr. Simmons] [rel said] 0 *T*-3 .
- [ARG1 Now I think 0 we have a group of marketing people who *T*-1 are out * selling to retailers and wholesalers] , '' [ARG0 Mr. Simmons] [rel said] *T*-2 .
- [ARG1 Revenue for the latest third quarter was about $ 70.5 million *U* , up 10 % from $ 63.6 million *U* last year] , [ARG0 he] [rel said] *T*-1 .
- [ARG0 Freeport-McMoRan Inc.] [rel said] [ARG1 0 a temporary cessation of operations at its Sunshine Bridge uranium-recovery facility in Donaldsonville , La. , will result in slight earnings improvement to both the company and its Freeport-McMoRan Resource Partners Limited Partnership unit] .
- [ARG0 The diversified energy and minerals concern] [rel said] [ARG1 that a depressed uranium market is responsible for the temporary mothballing of the plant , but that the plant can be reactivated *-1 quickly when the market improves *T*-2] .
- [ARG0 Freeport-McMoRan] [rel said] [ARG1 0 the shutdown wo n't affect sales volumes under long-term sales contracts of its Freeport Uranium Recovery Co. unit , but will reduce the amount of product sold * on the spot market] .
- [ARG0 Lomas Financial Corp. , Dallas ,] [rel said] [ARG1 0 it will ask a U.S. bankruptcy court *-1 to allow it * to hire Lazard Freres & Co. * to help it sell its leasing unit] .
- [ARG0 Lomas] [rel said] [ARG1 0 Merrill Lynch , which *T*-1 owns bonds and equity in Lomas , could n't continue as Lomas 's investment banker because it is also a creditor] .
- [ARG0 It] [rel said] [ARG1 0 it chose Lazard in part because of Lazard 's offices in Europe and Japan , where investors might be interested in a U.S. leasing company *T*-1] .
- [ARG0 Kysor Industrial Corp.] [rel said] [ARG1 0 it expects its third-quarter net earnings to be between two cents and four cents *U* a share , compared with 61 cents a share a year ago] .
- [ARG0 The company] [rel said] [ARG1 0 a drop in activity in the powerboat industry reduced sales volume at its two marine-related operations] .
- [ARGM-DIS Also] , [ARG0 the company] [rel said] [ARG1 0 its commercial products operation failed *-1 to meet forecasts] .
- [ARG0 Kysor , a maker of heavy-duty truck and commercial refrigeration equipment ,] [rel said] [ARG1 0 it expects its fourth-quarter earnings to be more closely in line with usual levels , which *T*-1 are between 30 cents and 50 cents *U* a share] .
- In the midst of his 1988 re-election campaign , Sen. Riegle , chairman of the Senate Banking Committee , returned $ 76,000 *U* in contributions after [ARG0 a Detroit newspaper] [rel said] [ARG1 that Mr. Keating had gathered the money for him about two weeks before the meeting with regulators] .
- [ARG0 Sen. McCain] [rel said] [ARG1 0 he had meant *-1 to pay for the trips at the time but that the matter `` fell between the cracks] . ''
- [ARGM-DIS But] [ARG0 Sen. McCain] [rel says] [ARG1 0 Mr. Keating broke off their friendship abruptly in 1987 , because the senator refused *-1 to press the thrift executive 's case as vigorously as Mr. Keating wanted *?*] .
- [ARG0 Fred Wertheimer -- president of Common Cause , the self-styled citizens lobby --] [rel said] [ARG1 0 Mr. Keating already has conceded *-1 attempting *-2 to buy influence with the lawmakers -- Democratic Sens. Dennis DeConcini of Arizona , Alan Cranston of California , John Glenn of Ohio and Donald Riegle of Michigan ; and GOP Sen. John McCain of Arizona] .
- [ARG0 Mr. Wertheimer] [rel said] [ARG1 0 the Senate Ethics Committee should hire a special outside counsel *-2 to conduct an investigation , as * was done in the case of former House Speaker James Wright] .
- [ARG0 Sen. Riegle] [rel said] [ARG1 0 he would cooperate with any inquiry , but that his conduct had been `` entirely proper] . ''
- [ARG0 Sen. McCain] [rel said] [ARG1 0 he had been `` deeply concerned *ICH*-2 '' at the time of the meeting that it might seem *-1 to be improper , but decided 0 it was `` entirely appropriate '' for him to seek fair treatment for a constituent] .
- [ARG0 Sen. Glenn] [rel said] [ARG1 0 he had already made a complete disclosure of his role in the affair and `` I am completely satisfied * to let this matter rest in the hands of the Senate Ethics Committee] . ''
- [ARG0 Sen. DeConcini] [rel said] , `` [ARG1 When all is said and done *T*-2 , I expect *-3 to be fully exonerated *-1] . ''
- Sen. DeConcini said , `` [ARGM-TMP When] [ARG1 all] is [rel said] and done *T*-2 , I expect *-3 to be fully exonerated *-1 . ''
- `` [ARG1 Why did n't the Bank Board act sooner *T*-2] ? '' [ARG0 he] [rel said] *T*-1 .
- [ARG0 I] want *-1 to [rel say] [ARGM-MNR in the most forceful way 0 I can *?* *T*-2] : [ARG1 0 I certainly hope so] . ''
- [ARGM-ADV According to notes taken * by one of the participants at the meeting] , [ARG0 the regulators] [rel said] [ARG1 0 Lincoln was gambling dangerously with depositors ' federally insured money and was `` a ticking time bomb] . ''
- [ARG0 Trinity Industries Inc.] [rel said] [ARG1 0 it reached a preliminary agreement * to manufacture 1,000 coal rail cars for Norfolk Southern Corp] .
- [ARG0 Trinity] [rel said] [ARG1 0 it plans *-1 to begin delivery of the rail cars in the first quarter of 1990] .
- [ARG0 It] [rel said] [ARG1 0 the 1,000 rail cars are in addition to the 1,450 coal rail cars presently being produced for Norfolk Southern , a Norfolk , Va.-based railroad concern] .
- `` [ARG1 South China is the most competitive source of toys in the world] , '' [rel says] *T*-1 [ARG0 Henry Hu , executive director of Wah Shing Toys Consolidated Ltd] .
- [ARG0 Manufacturers] [rel say] [ARG1 0 there is no immediate substitute for southern China , where an estimated 120,000 people are employed *-1 by the toy industry *T*-2] .
- `` [ARG1 For the next few years , * like it or not , China is going *-1 to be the main supplier] , '' [rel says] *T*-2 [ARG0 Edmund Young , vice president of Perfecta Enterprises Ltd. , one of the first big Hong Kong toy makers 0 *T*-3 to move across the border] .
- [ARG0 Hong Kong manufacturers] [rel say] [ARG1 0 large debt writeoffs and other financial problems resulting from the 1987 difficulties chastened the local industry , * causing it to tighten credit policies and financial management] .
- [ARG0 Paul Kwan , managing director of Playmates ,] [rel says] [ARG1 0 10 million Ninja Turtles have been sold *-1 , * placing the reptilian warriors among the 10 biggest-selling toys in the U.S.] .
- [ARG1 Should sales continue *-2 to be strong through the Christmas season , which *T*-1 accounts for about 60 % of U.S. retail toy sales] , [ARG0 Mr. Kwan] [rel said] 0 the Ninja Turtles could make 1989 a record sales year for Playmates .
- [ARGM-DIS But] , [ARG0 toy manufacturers and other industrialists] [rel say] [ARG1 0 Beijing will be restrained *-1 from * tightening controls on export-oriented southern China] .
- [ARG0 They] [rel say] [ARG1 0 China 's trade deficit is widening and the country is too short *ICH*-1 of foreign exchange for it to hamper production in Guangdong] .
- `` [ARG1 The Chinese leaders have *-1 to decide whether they want control or whether the want exports] , '' [rel says] *T*-2 [ARG0 Mr. Kwan of Playmates] .
- `` [ARG1 Nobody wants *-2 to have all his eggs in one basket] , '' [rel says] *T*-1 [ARG0 David Yeh , chairman and chief executive officer of International Matchbox Group Ltd] .
- [ARG1 By * diversifying supply sources , the toy makers do n't intend *-1 to withdraw from China] , [ARG0 manufacturers and foreign buyers] [rel say] 0 *T*-2 .
- [ARG0 The Bush administration] , [ARGM-ADV *-1 urging the Supreme Court *-2 to give states more leeway * to restrict abortions] , [rel said] [ARG1 0 minors have n't any right to abortion without the consent of their parents] .
- [ARGM-LOC On the provisions of the Minnesota law] , [ARG0 the Bush administration] [rel said] [ARG1 that * requiring that both parents be notified *-1 is a reasonable regulation , and that there is no need * to have an alternative that *T*-2 allows minors to go to court for a judge 's permission instead] .
- [ARG1 And that 's why the rules , for the most part , must stay in place *T*-1] , [ARG0 he] [rel says] 0 *T*-2 .
- `` [ARG1 They do n't seem *-1 to have an incentive * to negotiate] , '' [rel says] *T*-2 [ARG0 one network executive] .
- [ARG0 Congress] has [rel said] [ARGM-MNR repeatedly] [ARG1 0 it wants no part of the mess] , [ARGM-ADV *-2 urging the studios and the networks , which *T*-1 license rights to air shows made * by the studios , *-3 to work out their own compromise] .
- `` [ARG1 It 's never really been tested *-1] , '' [rel says] *T*-2 [ARG0 William Lilley III , who as a top CBS executive *T*-3 spent years *-4 lobbying * to have the rules lifted] .
- Hence , NBC might be able * to take , [ARG0 *] [rel say] , [ARG1 a 5 % stake in a company such as MGM\/UA] .
- [ARG0 A spokesman for Rep. Edward J. Markey -LRB- D-Mass. -RRB- , who *T*-2 heads a subcommittee that *T*-3 oversees the FCC ,] [rel says] [ARG1 0 Mr. Markey feels `` 0 the world has been forever changed *-1 by the Sony-Columbia deal] . ''
- [ARGM-DIS But] [ARG0 he] [rel said] [ARG1 0 Mr. Markey hopes 0 this pushes the networks and studios to work it out on their own] .
- [ARGM-DIS And] [ARGM-LOC at the FCC] , [ARGM-TMP meanwhile] , [ARG0 new Chairman Alfred C. Sikes] has [rel said] [ARG1 0 he wants the two sides to hammer out their own plan] .
- `` [ARG1 Our doors are open] , '' [ARG0 an NBC spokesman] [rel says] *T*-1 .
- [ARG0 Recognition Equipment Inc.] [rel said] [ARG1 0 it settled a civil action filed * against it by the federal government on behalf of the U.S. Postal Service] .
- [ARGM-LOC In a related development] , [ARG0 Recognition Equipment] [rel said] [ARG1 0 the Postal Service has barred the company from * bidding on postal contracts for an additional 120 days] .
- [ARG0 The company] [rel said] [ARG1 0 it will continue *-1 to pursue a lifting of the suspension] .
- `` [ARG1 The government can never put the ANC back into the bottle again] , '' [rel said] *T*-1 [ARG0 Cassim Saloojee , a veteran anti-apartheid activist on hand * to welcome Mr. Sisulu] .