cnn_imp.txt

This financing system was created in the new law in order to keep the bailout spending from swelling the budget deficit|~|Another $ 20 billion would be raised through Treasury bonds , which pay lower interest rates|~|DT NN NN VBD VBN IN DT JJ NN IN NN TO VB DT NN NN IN VBG DT NN NN|~|DT $ CD CD MD VB VBN IN NNP NNS , WDT VBP JJR NN NNS|~|NULL
The complex financing plan in the S&L bailout law includes raising $ 30 billion from debt issued by the newly created RTC|~|This financing system was created in the new law in order to keep the bailout spending from swelling the budget deficit|~|DT JJ NN NN IN DT NN NN NN VBZ VBG $ CD CD IN NN VBN IN DT RB VBN NNP|~|DT NN NN VBD VBN IN DT JJ NN IN NN TO VB DT NN NN IN VBG DT NN NN|~|NULL
It 's a problem that clearly has to be resolved , '' said David Cooke , executive director of the RTC|~|The agency has already spent roughly $ 19 billion selling 34 insolvent S&Ls , and it is likely to sell or merge 600 by the time the bailout concludes|~|PRP VBZ DT NN WDT RB VBZ TO VB VBN , '' VBD NNP NNP , NN NN IN DT NNP|~|DT NN VBZ RB VBN RB $ CD CD VBG CD JJ NNS , CC PRP VBZ JJ TO VB CC VB CD IN DT NN DT NN VBZ|~|NULL
Absent other working capital , he said , the RTC would be forced to delay other thrift resolutions until cash could be raised by selling the bad assets|~|We would have to wait until we have collected on those assets before we can move forward , '' he said|~|IN JJ VBG NN , PRP VBD , DT NNP MD VB VBN TO VB JJ NN NNS IN NN MD VB VBN IN VBG DT JJ NNS|~|PRP MD VB TO VB IN PRP VBP VBN IN DT NNS IN PRP MD VB RB , '' PRP VBD|~|NULL
The bill , whose backers include Chairman Dan Rostenkowski -LRB- D. , Ill. -RRB- , would prevent the Resolution Trust Corp. from raising temporary working capital by having an RTC-owned bank or thrift issue debt that would n't be counted on the federal budget|~|The bill intends to restrict the RTC to Treasury borrowings only , unless the agency receives specific congressional authorization|~|DT NN , WP$ NNS VBP NNP NNP NNP -LRB- NNP , NNP -RRB- , MD VB DT NNP NNP NNP IN VBG JJ JJ NN IN VBG DT JJ NN CC NN NN NN WDT MD RB VB VBN IN DT JJ NN|~|DT NN VBZ TO VB DT NNP TO NNP NNS RB , IN DT NN VBZ JJ JJ NN|~|NULL
That secrecy leads to a proposal like the one from Ways and Means , which seems to me sort of draconian , '' he said|~|The RTC is going to have to pay a price of prior consultation on the Hill if they want that kind of flexibility|~|DT NN VBZ TO DT NN IN DT NN IN NNPS CC NNPS , WDT VBZ TO PRP NN IN JJ , '' PRP VBD|~|DT NNP VBZ VBG TO VB TO VB DT NN IN JJ NN IN DT NNP IN PRP VBP DT NN IN NN|~|NULL
The complicated language in the huge new law has muddied the fight|~|The law does allow the RTC to borrow from the Treasury up to $ 5 billion at any time|~|DT JJ NN IN DT JJ JJ NN VBZ VBN DT NN|~|DT NN VBZ VB DT NNP TO VB IN DT NNP IN TO $ CD CD IN DT NN|~|NULL
But the RTC also requires `` working '' capital to maintain the bad assets of thrifts that are sold , until the assets can be sold separately|~|That debt would be paid off as the assets are sold , leaving the total spending for the bailout at $ 50 billion , or $ 166 billion including interest over 10 years|~|CC DT NNP RB VBZ `` VBG '' NN TO VB DT JJ NNS IN NNS WDT VBP VBN , IN DT NNS MD VB VBN RB|~|DT NN MD VB VBN RP IN DT NNS VBP VBN , VBG DT JJ NN IN DT NN IN $ CD CD , CC $ CD CD VBG NN IN CD NNS|~|NULL
Still , most consumers are n't plunking black-and-white film into their cameras to take family snapshots|~|One big obstacle is that few drugstores develop the film anymore|~|RB , JJS NNS VBP RB VBG JJ NN IN PRP$ NNS TO VB NN NNS|~|CD JJ NN VBZ IN JJ NNS VBP DT NN RB|~|NULL
The kit , which has a suggested retail price of $ 250 and has already become a bestseller , was introduced after retailers noticed numerous requests from parents for children 's photography equipment|~|It seems computers as hobbies have waned , '' says Ian Brightman , Beseler 's chairman and chief executive officer|~|DT NN , WDT VBZ DT JJ JJ NN IN $ CD CC VBZ RB VBN DT NN , VBD VBN IN NNS VBD JJ NNS IN NNS IN NNS POS NN NN|~|PRP VBZ NNS IN NNS VBP VBD , '' VBZ NNP NNP , NNP POS NN CC JJ JJ NN|~|NULL
Portrait studios have also latched onto the trend|~|Using black and white , `` we can make housewives look like stars , '' says John Perrin|~|NN NNS VBP RB VBN IN DT NN|~|VBG JJ CC JJ , `` PRP MD VB NNS VB IN NNS , '' VBZ NNP NNP|~|NULL
But when Popular Photography , a leading magazine for photographers , selected 15 of the greatest photos ever made for its latest issue celebrating photography 's 150th anniversary , all were black and white|~|It 's got a classic spirit and carries over emotionally , '' says Alfred DeBat of Professional Photographers of America|~|CC WRB NNP NNP , DT VBG NN IN NNS , VBD CD IN DT JJS NNS RB VBN IN PRP$ JJS NN VBG NN POS JJ NN , DT VBD JJ CC JJ|~|PRP VBZ VBN DT JJ NN CC VBZ RP RB , '' VBZ NNP NNP IN NNP NNPS IN NNP|~|NULL
The Rochester , N.Y. , photographic giant recently began marketing T-Max 3200 , one of the fastest and most sensitive monochrome films|~|Aimed at commercial photographers , the film can be used in very low light without sacrificing quality , says Donald Franz of Photofinishing Newsletter|~|DT NNP , NNP , JJ NN RB VBD VBG NNP CD , CD IN DT JJS CC RBS JJ NN NNS|~|VBN IN JJ NNS , DT NN MD VB VBN IN RB JJ NN IN VBG NN , VBZ NNP NNP IN NNP NNP|~|NULL
I show it to my friends , and they all say ` wow|~|It is n't ordinary like color|~|PRP VBP PRP TO PRP$ NNS , CC PRP DT VB `` VBP|~|PRP VBZ RB JJ IN NN|~|NULL
Agfa recently signed Olympic gold medalist Florence Griffith-Joyner to endorse a new line of black-and-white paper that 's geared to consumers and will compete directly with Kodak 's papers|~|Slated for market by the end of the year , the paper `` could have been introduced a long time ago but the market was n't there then , '' says an Agfa spokesman|~|NNP RB VBD NNP NN NN NNP NNP TO VB DT JJ NN IN JJ NN WDT VBZ VBN TO NNS CC MD VB RB IN NNP POS NNS|~|VBN IN NN IN DT NN IN DT NN , DT NN `` MD VB VBN VBN DT JJ NN RB CC DT NN VBD RB RB RB , '' VBZ DT NNP NN|~|NULL
Companies `` feel black and white will convey a stronger statement , '' says Marc L. Hauser , a Chicago photographer who is working on a black-and-white print ad for Stouffer Food Corp. 's Lean Cuisine|~|Other companies that are currently using two-tone ads include American Express Co. and Epson America Inc|~|NNS `` VBP JJ CC JJ MD VB DT JJR NN , '' VBZ NNP NNP NNP , DT NNP NN WP VBZ VBG IN DT JJ NN NN IN NNP NNP NNP POS NNP NNP|~|JJ NNS WDT VBP RB VBG JJ NNS VBP NNP NNP NNP CC NNP NNP NNP|~|NULL
The color print today is far superior to prints of 10 years ago|~|You ca n't say the same with black and white|~|DT NN NN NN VBZ RB JJ TO NNS IN CD NNS RB|~|PRP MD RB VB DT JJ IN JJ CC JJ|~|NULL
We wanted to highlight the individual , not the environment , '' he says , `` and black and white allows you to do that better than color|~|The campaign won a Cleo award as this year 's best ad by a specialty retailer|~|PRP VBD TO VB DT NN , RB DT NN , '' PRP VBZ , `` CC JJ CC JJ VBZ PRP TO VB DT RBR IN NN|~|DT NN VBD DT JJ NN IN DT NN POS JJS NN IN DT NN NN|~|NULL
A. manual typewriters , B. black-and-white snapshots , C. radio adventure shows|~|If you guessed black-and-white snapshots , you 're right|~|JJ JJ NNS , NNP NNP NNP , NNP NN NN VBZ|~|IN PRP VBD JJ NNS , PRP VBP JJ|~|NULL
Black and white has n't made the same quantum leaps in technological development as color , '' says Mr. Butler of the Rochester Institute|~|The color print today is far superior to prints of 10 years ago|~|NNP CC NNP VBZ RB VBN DT JJ JJ NNS IN JJ NN IN NN , '' VBZ NNP NNP IN DT NNP NNP|~|DT NN NN NN VBZ RB JJ TO NNS IN CD NNS RB|~|NULL
The biggest beneficiary of the black-and-white revival is likely to be International Paper Co. 's Ilford division , known in the industry for its premium products|~|Sales of Ilford 's four varieties of black-and-white film this year are outpacing growth in the overall market , although the company wo n't say by exactly how much|~|DT JJS NN IN DT JJ NN VBZ JJ TO VB NNP NNP NNP POS NNP NN , VBN IN DT NN IN PRP$ JJ NNS|~|NNS IN NNP POS CD NNS IN JJ NN DT NN VBP VBG NN IN DT JJ NN , IN DT NN MD RB VB IN RB WRB RB|~|NULL
Other companies are introducing related products|~|Charles Beseler Co. , a leading maker of photographic enlargers , introduced last month a complete darkroom starter kit targeted at teen-agers who want to process their own black-and-white photographs|~|JJ NNS VBP VBG JJ NNS|~|NNP NNP NNP , DT VBG NN IN JJ NNS , VBN JJ NN DT JJ JJ JJ NN VBN IN NNS WP VBP TO VB PRP$ JJ JJ NNS|~|NULL
It has an archival , almost nostalgic quality to it , '' says Owen B. Butler , the chairman of the applied photography department at Rochester Institute of Technology|~|You can shift out of reality with black and white , '' he adds|~|PRP VBZ DT JJ , RB JJ NN TO PRP , '' VBZ NNP NNP NNP , DT NN IN DT VBN NN NN IN NNP NNP IN NNP|~|PRP MD VB RB IN NN IN JJ CC JJ , '' PRP VBZ|~|NULL
But some industry observers believe the resurgence of black and white is only a fad|~|They cite the emergence of still electronic photography , more newspapers turning to color on their pages and measurable improvements in the quality of color prints|~|CC DT NN NNS VBP DT NN IN JJ CC JJ VBZ RB DT NN|~|PRP VBP DT NN IN RB JJ NN , JJR NNS VBG TO NN IN PRP$ NNS CC NN NNS IN DT NN IN NN NNS|~|NULL
Such features have been especially attractive to professional photographers and marketing executives , who have been steadily increasing their use of black and white in advertising|~|Processing of black-and-white commercial film jumped 24 % last year to 18.7 million rolls|~|JJ NNS VBP VBN RB JJ TO JJ NNS CC NN NNS , WP VBP VBN RB VBG PRP$ NN IN JJ CC JJ IN NN|~|NNP IN JJ JJ NN VBD CD NN JJ NN TO CD CD NNS|~|NULL
One customer , Dayna Brunsdon , says she spurned a color portrait for black and white because `` it 's more dramatic|~|I show it to my friends , and they all say ` wow|~|CD NN , NNP NNP , VBZ PRP VBD DT JJ NN IN JJ CC JJ IN `` PRP VBZ RBR JJ|~|PRP VBP PRP TO PRP$ NNS , CC PRP DT VB `` VBP|~|NULL
Trendy magazine advertisements feature stark black-and-white photos of Hollywood celebrities pitching jeans , shoes and liquor|~|Portrait studios accustomed to shooting only in color report a rush to black-and-white portrait orders|~|NN NN NNS VBP JJ JJ NNS IN NNP NNS VBG NNS , NNS CC NN|~|NN NNS VBN TO VBG RB IN NN VBP DT NN TO JJ NN NNS|~|NULL
Consider Gap Inc. , whose latest ad campaign features black-and-white shots of Hollywood stars , artists and other well-known personalities modeling the retailer 's jeans and T-shirts|~|Richard Crisman , the account manager for the campaign , says Gap did n't intentionally choose black and white to distinguish its ads from the color spreads of competitors|~|VB NNP NNP , WP$ JJS NN NN VBZ JJ NNS IN NNP NNS , NNS CC JJ JJ NNS VBG DT NN POS NNS CC NNS|~|NNP NNP , DT NN NN IN DT NN , VBZ NNP VBD RB RB VB JJ CC JJ TO VB PRP$ NNS IN DT NN NNS IN NNS|~|NULL
Using black and white , `` we can make housewives look like stars , '' says John Perrin|~|His On-Broadway Photography studio in Portland , Ore. , doubled its business last year and , he says , is booked solid for the next five|~|VBG JJ CC JJ , `` PRP MD VB NNS VB IN NNS , '' VBZ NNP NNP|~|PRP$ JJ NNP NN IN NNP , NNP , VBD PRP$ NN JJ NN CC , PRP VBZ , VBZ VBN RB IN DT JJ CD|~|NULL
If you guessed black-and-white snapshots , you 're right|~|After years of fading into the background , two-tone photography is coming back|~|IN PRP VBD JJ NNS , PRP VBP JJ|~|IN NNS IN NNS IN DT NN , JJ NN VBZ VBG RB|~|NULL
It 's got a classic spirit and carries over emotionally , '' says Alfred DeBat of Professional Photographers of America|~|That 's the appeal|~|PRP VBZ VBN DT JJ NN CC VBZ RP RB , '' VBZ NNP NNP IN NNP NNPS IN NNP|~|DT VBZ DT NN|~|NULL
Why all the interest|~|For baby boomers who grew up being photographed in color , black and white seems eye-catching and exotic|~|WRB PDT DT NN|~|IN NN NNS WP VBD RP VBG VBN IN NN , JJ CC JJ VBZ JJ CC JJ|~|NULL
One big obstacle is that few drugstores develop the film anymore|~|Typically , it must be mailed to a handful of processors and may take a week or more to be processed and returned|~|CD JJ NN VBZ IN JJ NNS VBP DT NN RB|~|RB , PRP MD VB VBN TO DT NN IN NNS CC MD VB DT NN CC JJR TO VB VBN CC VBN|~|NULL
What does n't belong here|~|A. manual typewriters , B. black-and-white snapshots , C. radio adventure shows|~|WP VBZ RB VB RB|~|JJ JJ NNS , NNP NNP NNP , NNP NN NN VBZ|~|NULL
Also trying to snare a portion of the $ 2 billion-a-year industry is Agfa Corp. , a unit of Bayer AG|~|Agfa recently signed Olympic gold medalist Florence Griffith-Joyner to endorse a new line of black-and-white paper that 's geared to consumers and will compete directly with Kodak 's papers|~|RB VBG TO VB DT NN IN DT $ CD JJ NN VBZ NNP NNP , DT NN IN NNP NNP|~|NNP RB VBD NNP NN NN NNP NNP TO VB DT JJ NN IN JJ NN WDT VBZ VBN TO NNS CC MD VB RB IN NNP POS NNS|~|NULL
Even food products and automobiles , which have long depended on color , are making the switch|~|Companies `` feel black and white will convey a stronger statement , '' says Marc L. Hauser , a Chicago photographer who is working on a black-and-white print ad for Stouffer Food Corp. 's Lean Cuisine|~|RB NN NNS CC NNS , WDT VBP RB VBD IN NN , VBP VBG DT NN|~|NNS `` VBP JJ CC JJ MD VB DT JJR NN , '' VBZ NNP NNP NNP , DT NNP NN WP VBZ VBG IN DT JJ NN NN IN NNP NNP NNP POS NNP NNP|~|NULL
Photographic companies are scrambling to tap the resurging market , reviving some black-and-white product lines and developing new ones|~|At Kodak , which largely ignored the market for years , black-and-white film sales now account for nearly 15 % of the company 's $ 3 billion in film and paper sales annually , up from 10 % three years ago|~|JJ NNS VBP VBG TO VB DT NN NN , VBG DT JJ NN NNS CC VBG JJ NNS|~|IN NNP , WDT RB VBD DT NN IN NNS , JJ NN NNS RB VBP IN RB CD NN IN DT NN POS $ CD CD IN NN CC NN NNS RB , RB IN CD NN CD NNS RB|~|NULL
Sales of Ilford 's four varieties of black-and-white film this year are outpacing growth in the overall market , although the company wo n't say by exactly how much|~|We hope the trend lasts , '' says Laurie DiCara , Ilford 's marketing communications director|~|NNS IN NNP POS CD NNS IN JJ NN DT NN VBP VBG NN IN DT JJ NN , IN DT NN MD RB VB IN RB WRB RB|~|PRP VBP DT NN VBZ , '' VBZ NNP NNP , NNP POS NN NNS NN|~|NULL
Charles Beseler Co. , a leading maker of photographic enlargers , introduced last month a complete darkroom starter kit targeted at teen-agers who want to process their own black-and-white photographs|~|The kit , which has a suggested retail price of $ 250 and has already become a bestseller , was introduced after retailers noticed numerous requests from parents for children 's photography equipment|~|NNP NNP NNP , DT VBG NN IN JJ NNS , VBN JJ NN DT JJ JJ JJ NN VBN IN NNS WP VBP TO VB PRP$ JJ JJ NNS|~|DT NN , WDT VBZ DT JJ JJ NN IN $ CD CC VBZ RB VBN DT NN , VBD VBN IN NNS VBD JJ NNS IN NNS IN NNS POS NN NN|~|NULL
For baby boomers who grew up being photographed in color , black and white seems eye-catching and exotic|~|It has an archival , almost nostalgic quality to it , '' says Owen B. Butler , the chairman of the applied photography department at Rochester Institute of Technology|~|IN NN NNS WP VBD RP VBG VBN IN NN , JJ CC JJ VBZ JJ CC JJ|~|PRP VBZ DT JJ , RB JJ NN TO PRP , '' VBZ NNP NNP NNP , DT NN IN DT VBN NN NN IN NNP NNP IN NNP|~|NULL
What 's happening in photography mirrors the popularity of black and white in fashion , home furnishings and cinematography|~|On Seventh Avenue , designers have been advancing the monochrome look with clothing collections done entirely in black and white|~|WP VBZ VBG IN NN VBZ DT NN IN JJ CC JJ IN NN , NN NNS CC NN|~|IN NNP NNP , NNS VBP VBN VBG DT JJ NN IN NN NNS VBN RB IN JJ CC JJ|~|NULL
It could be a long meeting or it could be a short one , '' said Doug Hammond , the mediator , who called the agreement to meet a first step toward a resumption of negotiations|~|We 're encouraged that talks are scheduled again but beyond that , we have made no expression of expectations , '' a Boeing spokesman said|~|PRP MD VB DT JJ NN CC PRP MD VB DT JJ CD , '' VBD NNP NNP , DT NN , WP VBD DT NN TO VB DT JJ NN IN DT NN IN NNS|~|PRP VBP JJ IN NNS VBP VBN RB CC IN DT , PRP VBP VBN DT NN IN NNS , '' DT NNP NN VBD|~|NULL
With a strike fund of about $ 100 million , the union had said it was prepared for a long strike|~|After the third week on strike , union members will begin receiving $ 100 a week from the fund|~|IN DT NN NN IN IN $ CD CD , DT NN VBD VBD PRP VBD VBN IN DT JJ NN|~|IN DT JJ NN IN NN , NN NNS MD VB VBG $ CD DT NN IN DT NN|~|NULL
Under Kansas right-to-work laws , contracts can not require workers to be union members|~|Boeing has declined to say how many employees are working at its giant Renton , Wash. , plant|~|IN NNP JJ NNS , NNS MD RB VB NNS TO VB NN NNS|~|NNP VBZ VBN TO VB WRB JJ NNS VBP VBG IN PRP$ JJ NNP , NNP , NN|~|NULL
And at the company 's Wichita , Kan. , plant , about 2,400 of the 11,700 machinists still are working , Boeing said|~|Under Kansas right-to-work laws , contracts can not require workers to be union members|~|CC IN DT NN POS NNP , NNP , NN , IN CD IN DT CD NNS RB VBP VBG , NNP VBD|~|IN NNP JJ NNS , NNS MD RB VB NNS TO VB NN NNS|~|NULL
The Machinists union has rejected a three-year contract offer that would have provided a 10 % wage increase over the life of the pact , plus some bonuses|~|Currently , average pay for machinists is $ 13.39 an hour , Boeing said|~|DT NNS NN VBZ VBN DT JJ NN NN WDT MD VB VBN DT CD NN NN NN IN DT NN IN DT NN , CC DT NNS|~|RB , JJ NN IN NNS VBZ $ CD DT NN , NNP VBD|~|NULL
Sony two weeks ago agreed to acquire Columbia for $ 3.4 billion , or $ 27 a share|~|Warner sued Sony and Guber-Peters late last week ; Sony and Guber-Peters have countersued , charging Warner with attempting to interfere in Sony 's acquisition of the two companies|~|NNP CD NNS RB VBD TO VB NNP IN $ CD CD , CC $ CD DT NN|~|NNP VBD NNP CC NNP JJ JJ NN : NNP CC NNP VBP VBN , VBG NNP IN VBG TO VB IN NNP POS NN IN DT CD NNS|~|NULL
Guber-Peters 's net income in the latest quarter compared with a net loss of $ 6.9 million , or 62 cents a share , in the year-earlier period|~|The company said revenue rose 138 % , to $ 10.9 million from $ 4.6 million , reflecting the success of its movies `` Gorillas in the Mist '' and `` Rainman , '' as well as the box-office smash `` Batman|~|NNP POS JJ NN IN DT JJS NN VBN IN DT JJ NN IN $ CD CD , CC CD NNS DT NN , IN DT JJ NN|~|DT NN VBD NN VBD CD NN , TO $ CD CD IN $ CD CD , VBG DT NN IN PRP$ NNS `` NNP IN DT NNP '' CC `` NNP , '' RB RB IN DT NN NN `` NNP|~|NULL
There may be one or other psychological or technical reactions , but they are n't based on fundamentals|~|The economy of West Germany and the EC -LCB- European Community -RCB- is highly stable|~|EX MD VB CD CC JJ JJ CC JJ NNS , CC PRP VBP RB VBN IN NNS|~|DT NN IN NNP NNP CC DT NNP -LRB- NNP NNP -RRB- VBZ RB JJ|~|NULL
Some of West Germany 's bluest chips took some of the biggest hits|~|A 16.3 % drop for Mannesmann AG and Dresdner Bank AG 's 9.6 % decline were especially problematic for their respective boards , whose plans for major rights issues in November could now be in jeopardy|~|DT IN NNP NNP POS JJS NNS VBD DT IN DT JJS NNS|~|DT CD NN NN IN NNP NNP CC NNP NNP NNP POS CD NN NN VBD RB JJ IN PRP$ JJ NNS , WP$ NNS IN JJ NNS NNS IN NNP MD RB VB IN NN|~|NULL
By comparison , two years ago on Black Monday , the new index would have dropped 9.4 % , according to a projection by the exchange|~|Investors may have reacted so strongly to Friday 's U.S. stock market loss because they had vivid memories of the Frankfurt exchange 's losing 35 % of its value in the 1987 crash and its wake|~|IN NN , CD NNS RB IN NNP NNP , DT JJ NN MD VB VBN CD NN , VBG TO DT NN IN DT NN|~|NNS MD VB VBN RB RB TO NNP POS NNP NN NN NN IN PRP VBD JJ NNS IN DT NNP NN POS VBG CD NN IN PRP$ NN IN DT CD NN CC PRP$ NN|~|NULL
They all went in the wrong direction , '' said Andreas Insam , an investment adviser for the Bank in Liechtenstein 's Frankfurt branch|~|He said he told clients to buy selected West German blue chips after they fell by about 10 %|~|PRP DT VBD IN DT JJ NN , '' VBD NNP NNP , DT NN NN IN DT NNP IN NNP POS NNP NN|~|PRP VBD PRP VBD NNS TO VB JJ JJ JJ NN NNS IN PRP VBD IN IN CD NN|~|NULL
LONDON|~|Headed toward a record drop at midday , the London stock market recouped two-thirds of its losses in the wake of New York 's early rally|~|NNP|~|VBN IN DT NN NN IN NN , DT NNP NN NN VBD NNS IN PRP$ NNS IN DT NN IN NNP NNP POS JJ NN|~|NULL
One of the sharpest declines came in the financial center of Europe 's strongest economy|~|The DAX Index of 30 West German blue chips plunged 12.8 % , a one-day record , wiping out the summer 's gains|~|CD IN DT JJS NNS VBD IN DT JJ NN IN NNP POS JJS NN|~|DT NNP NNP IN CD JJ JJ JJ NNS VBD CD NN , DT JJ NN , VBG RP DT NN POS NNS|~|NULL
After the opening was delayed 30 minutes because of the crush of sell orders , Frankfurt 's normal two-hour trading session was extended 75 minutes to handle the heavy volume|~|The beginning was chaotic , '' said Nigel Longley , a broker for Commerzbank AG|~|IN DT NN VBD VBN CD NNS IN IN DT NN IN JJ NNS , NNP POS JJ JJ NN NN VBD VBN CD NNS TO VB DT JJ NN|~|DT NN VBD JJ , '' VBD NNP NNP , DT NN IN NNP NNP|~|NULL
It was big institutions such as Norwich Union Insurance Group , Scottish Amicable Investment Managers and Standard Life Assurance Co. that spearheaded the rally|~|Attracted by low prices and encouraged by New York 's performance , they scooped up equities across the board|~|PRP VBD JJ NNS JJ IN NNP NNP NNP NNP , NNP NNP NNP NNPS CC NNP NNP NNP NNP WDT VBD DT NN|~|VBN IN JJ NNS CC VBN IN NNP NNP POS NN , PRP VBD RP NNS IN DT NN|~|NULL
Late buying gave the Paris Bourse a parachute after its free fall early in the day|~|The CAC General Index ended down 5.4 % at 523.6 , a drop of 29.6 points from Friday|~|JJ NN VBD DT NNP NNP DT NN IN PRP$ JJ NN RB IN DT NN|~|DT NNP NNP NNP VBD RB CD NN IN CD , DT NN IN CD NNS IN NNP|~|NULL
West German Economics Minister Helmut Haussmann said , `` In my view , the stock market will stabilize relatively quickly|~|There may be one or other psychological or technical reactions , but they are n't based on fundamentals|~|JJ JJ NNP NNP NNP NNP VBD , `` IN PRP$ NN , DT NN NN MD VB RB RB|~|EX MD VB CD CC JJ JJ CC JJ NNS , CC PRP VBP RB VBN IN NNS|~|NULL
Prices in Brussels , where a computer breakdown disrupted trading , also tumbled|~|Following is a breakdown of major market activity|~|NNS IN NNP , WRB DT NN NN VBD NN , RB VBD|~|VBG VBZ DT NN IN JJ NN NN|~|NULL
There was a volatility in the market that I have never seen before , '' said Michel Vigier , a partner in brokerage firm Cholet Dupont|~|When Wall Street turned around shortly after the opening , there was panic buying in Paris|~|EX VBD DT NN IN DT NN IN PRP VBP RB VBN RB , '' VBD NNP NNP , DT NN IN NN NN NNP NNP|~|WRB NNP NNP VBD RP RB IN DT NN , EX VBD NN NN IN NNP|~|NULL
FRANKFURT|~|One of the sharpest declines came in the financial center of Europe 's strongest economy|~|RB|~|CD IN DT JJS NNS VBD IN DT JJ NN IN NNP POS JJS NN|~|NULL
Institutional investors and bankers , many of whom spent the night before in their offices watching Far Eastern markets , were cautiously optimistic after the mild 1.8 % decline in Tokyo stock prices|~|Everybody was still confident , including most institutional investors|~|JJ NNS CC NNS , JJ IN WP VBD DT NN RB IN PRP$ NNS VBG JJ JJ NNS , VBD RB JJ IN DT JJ CD NN NN IN NNP NN NNS|~|NN VBD RB JJ , VBG JJS JJ NNS|~|NULL
This time , however , many small investors may have been hurt by acting so swiftly|~|They all went in the wrong direction , '' said Andreas Insam , an investment adviser for the Bank in Liechtenstein 's Frankfurt branch|~|DT NN , RB , JJ JJ NNS MD VB VBN VBN IN VBG RB RB|~|PRP DT VBD IN DT JJ NN , '' VBD NNP NNP , DT NN NN IN DT NNP IN NNP POS NNP NN|~|NULL
PARIS|~|Late buying gave the Paris Bourse a parachute after its free fall early in the day|~|RB|~|JJ NN VBD DT NNP NNP DT NN IN PRP$ JJ NN RB IN DT NN|~|NULL
The DAX Index of 30 West German blue chips plunged 12.8 % , a one-day record , wiping out the summer 's gains|~|The index closed at 1385.72 , down 203.56 points|~|DT NNP NNP IN CD JJ JJ JJ NNS VBD CD NN , DT JJ NN , VBG RP DT NN POS NNS|~|DT NN VBD IN CD , RB CD NNS|~|NULL
The beginning was chaotic , '' said Nigel Longley , a broker for Commerzbank AG|~|It took three-quarters of an hour before enough prices could be worked out to get a reading on the market|~|DT NN VBD JJ , '' VBD NNP NNP , DT NN IN NNP NNP|~|PRP VBD NNS IN DT NN IN JJ NNS MD VB VBN RP TO VB DT NN IN DT NN|~|NULL
Everybody was still confident , including most institutional investors|~|That is why everybody was a little surprised by the storm of sell orders from small private investors , '' said Norbert Braeuer , a senior trader for Hessische Landesbank|~|NN VBD RB JJ , VBG JJS JJ NNS|~|DT VBZ WRB NN VBD DT JJ JJ IN DT NN IN JJ NNS IN JJ JJ NNS , '' VBD NNP NNP , DT JJ NN IN NNP NNP|~|NULL
Paris , which has been the center of speculation fever in recent weeks , also was hard hit|~|Share prices fell in Milan , Amsterdam , Zurich , Madrid and Stockholm|~|NNP , WDT VBZ VBN DT NN IN NN NN IN JJ NNS , RB VBD RB VBN|~|NN NNS VBD IN NNP , NNP , NNP , NNP CC NNP|~|NULL
But their use has been linked to a potentially dangerous depletion of the Earth 's ozone layer , and a number of companies are seeking to curtail use , or at least emission , of the substance|~|Whirpool said , `` We see this process as a small but important step toward eventual elimination of CFC use in appliance manufacture|~|CC PRP$ NN VBZ VBN VBN TO DT RB JJ NN IN DT NN POS NN NN , CC DT NN IN NNS VBP VBG TO VB NN , CC IN JJS NN , IN DT NN|~|NNP VBD , `` PRP VBP DT NN IN DT JJ CC JJ NN IN JJ NN IN NNP NN IN NN NN|~|NULL
The maker of home appliances said the process , which involves the use of a multilayer plastic bag during repairs 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|~|Earlier repairs vented the CFCs out of the home through a hose directly into the atmosphere|~|DT NN IN NN NNS VBD DT NN , WDT VBZ DT NN IN DT JJ NN NN IN NNS TO VB DT NN NN CC VB PRP TO DT NN NN , VBZ RB IN NN IN DT NN IN PRP$ NN NNS , CC MD VB JJ TO DT JJ NN NNS IN NN|~|JJR NNS VBD DT NNPS IN IN DT NN IN DT NN RB IN DT NN|~|NULL
When it was all over and stocks had staged a huge recovery , Big Board officials were self-congratulatory about how well the day had gone|~|They said the exchange 's trading procedures , personnel , equipment and links with other exchanges could n't have performed better|~|WRB PRP VBD DT IN CC NNS VBD VBD DT JJ NN , NNP NNP NNS VBD JJ IN WRB RB DT NN VBD VBN|~|PRP VBD DT NN POS NN NNS , NNS , NN CC NNS IN JJ NNS MD RB VB VBN RB|~|NULL
Prices for the 416.3 million shares that changed hands during the session were carried on the exchange 's trading tape with barely a delay , officials said|~|While reaching blockbuster proportions yesterday , the volume was still well within the 600 million-share capacity that the exchange has said it can handle daily since beefing up its computers after the October 1987 crash|~|NNS IN DT CD CD NNS WDT VBD NNS IN DT NN VBD VBN IN DT NN POS NN NN IN RB DT NN , NNS VBD|~|IN VBG NN NNS NN , DT NN VBD RB RB IN DT CD JJ NN IN DT NN VBZ VBD PRP MD VB RB IN VBG RP PRP$ NNS IN DT NNP CD NN|~|NULL
Despite traders ' complaints , Mr. Phelan said the links with the Chicago futures market worked as planned in Friday 's rout to provide a cooling-off period|~|Of greater help , the Big Board chairman said , was the `` natural circuit breaker '' of the weekend , that provided a breathing period that `` brought rationality back to the market|~|IN NNS POS NNS , NNP NNP VBD DT NNS IN DT NNP NNS NN VBD IN VBN IN NNP POS NN TO VB DT JJ NN|~|IN JJR NN , DT NNP NNP NN VBD , VBD DT `` JJ NN NN '' IN DT NN , WDT VBD DT NN NN WDT `` VBD NN RB TO DT NN|~|NULL
We had no operating problems at all , '' Mr. Phelan said after the market closed|~|All the things that we set up to slow down the process , to let people know that the market was in an extreme position , worked extremely well|~|PRP VBD DT NN NNS IN DT , '' NNP NNP VBD IN DT NN VBD|~|PDT DT NNS IN PRP VBD RP TO VB RP DT NN , TO VB NNS VBP IN DT NN VBD IN DT JJ NN , VBN RB RB|~|NULL
The elections are set for Nov. 7|~|In July , Mr. Stanley , editor of American Press International , a Washington D.C.-based conservative wire service , visited Namibia to report on the U.N.-monitored election campaign|~|DT NNS VBP VBN IN NNP CD|~|IN NNP , NNP NNP , NN IN NNP NNP NNP , DT NNP JJ JJ NN NN , VBD NNP TO VB IN DT JJ NN NN|~|NULL
Shortly after that , Mr. O'Linn had Scott Stanley arrested and his passport confiscated|~|Mr. Stanley is on trial over charges that he violated a proclamation , issued by the South African administrator general earlier this year , which made it a crime punishable by two years in prison for any person to `` insult , disparate or belittle '' the election commission|~|RB IN DT , NNP NNP VBD NNP NNP NNP CC PRP$ NN VBN|~|NNP NNP VBZ IN NN IN NNS IN PRP VBD DT NN , VBN IN DT JJ JJ NN NN RBR DT NN , WDT VBD PRP DT NN JJ IN CD NNS IN NN IN DT NN TO `` NN , JJ CC JJ '' DT NN NN|~|NULL
Last year , the U.S. brokered a peace settlement to remove Cuba 's `` Afrika Korps '' from Angola and hold `` free and fair '' elections that would end South Africa 's control of Namibia|~|The elections are set for Nov. 7|~|JJ NN , DT NNP VBD DT NN NN TO VB NNP POS `` NNP NNS '' IN NNP CC VB `` JJ CC JJ '' NNS WDT MD VB NNP NNP POS NN IN NNP|~|DT NNS VBP VBN IN NNP CD|~|NULL
Both the State Department and the Lawyers Committee for Freedom of the Press have protested Mr. Stanley 's detention|~|Mr. Stanley 's arrest is the latest in a series of incidents that threaten to derail Namibia 's elections|~|CC DT NNP NNP CC DT NNP NNP IN NNP IN DT NNP VBP VBN NNP NNP POS NN|~|NNP NNP POS NN VBZ DT JJS IN DT NN IN NNS WDT VBP TO VB NNP POS NNS|~|NULL
The most likely winner will be the Marxist-dominated SWAPO rebels|~|The U.S. journalist 's `` crime '' was writing that the head of the commission charged with overseeing the election 's fairness , Bryan O'Linn , was openly sympathetic to SWAPO|~|DT RBS JJ NN MD VB DT NNP NNP NNS|~|DT NNP NN POS `` NN '' VBD VBG IN DT NN IN DT NN VBN IN VBG DT NN POS NN , NNP NNP , VBD RB JJ TO NNP|~|NULL
The U.S. is in the habit of arranging peace settlements and then washing its hands over the tragic results|~|It now has the chance to redress that record in Namibia|~|DT NNP VBZ IN DT NN IN VBG NN NNS CC RB VBG PRP$ NNS IN DT JJ NNS|~|PRP RB VBZ DT NN TO VB DT NN IN NNP|~|NULL
In July , Mr. Stanley , editor of American Press International , a Washington D.C.-based conservative wire service , visited Namibia to report on the U.N.-monitored election campaign|~|He interviewed Mr. O'Linn , head of a commission charged with investigating electoral intimidation , and reported that Mr. O'Linn was openly sympathetic to SWAPO and indeed had defended its leaders in court|~|IN NNP , NNP NNP , NN IN NNP NNP NNP , DT NNP JJ JJ NN NN , VBD NNP TO VB IN DT JJ NN NN|~|PRP VBD NNP NNP , NN IN DT NN VBN IN VBG JJ NN , CC VBD IN NNP NNP VBD RB JJ TO NNP CC RB VBD VBN PRP$ NNS IN NN|~|NULL
It now has the chance to redress that record in Namibia|~|State and the human-rights community should insist that Mr. Stanley and his fellow defendants be released and that the United Nation 's monitors make certain that Mr. O'Linn's commission investigates election complaints from all sides|~|PRP RB VBZ DT NN TO VB DT NN IN NNP|~|NNP CC DT JJ NN MD VB IN NNP NNP CC PRP$ JJ NNS VB VBN CC IN DT NNP NNP POS NNS VBP JJ IN NNP NNP NN VBZ NN NNS IN DT NNS|~|NULL
An American journalist now is standing trial in Namibia|~|This is the place that world opinion has been celebrating over in the expectation that it 's going to hold an election|~|DT JJ NN RB VBZ VBG NN IN NNP|~|DT VBZ DT NN IN NN NN VBZ VBN VBG RP IN DT NN IN PRP VBZ VBG TO VB DT NN|~|NULL
Mr. Stanley 's arrest is the latest in a series of incidents that threaten to derail Namibia 's elections|~|Both South African and SWAPO extremists are intimidating voters|~|NNP NNP POS NN VBZ DT JJS IN DT NN IN NNS WDT VBP TO VB NNP POS NNS|~|DT JJ JJ CC NNP NNS VBP VBG NNS|~|NULL
Both South African and SWAPO extremists are intimidating voters|~|The U.S. is in the habit of arranging peace settlements and then washing its hands over the tragic results|~|DT JJ JJ CC NNP NNS VBP VBG NNS|~|DT NNP VBZ IN DT NN IN VBG NN NNS CC RB VBG PRP$ NNS IN DT JJ NNS|~|NULL
The Stanley affair does n't bode well for the future of democracy or freedom of anything in Namibia when SWAPO starts running the government|~|To the extent Mr. Stanley has done anything wrong , it may be that he is out of step with the consensus of world intellectuals that the Namibian guerrillas were above all else the victims of suppression by neighboring South Africa|~|DT NNP NN VBZ RB VB RB IN DT NN IN NN CC NN IN NN IN NNP WRB NNP VBZ VBG DT NN|~|TO DT NN NNP NNP VBZ VBN NN JJ , PRP MD VB IN PRP VBZ IN IN NN IN DT NN IN NN NNS IN DT JJ NNS VBD IN DT RB DT NNS IN NN IN VBG NNP NNP|~|NULL
He interviewed Mr. O'Linn , head of a commission charged with investigating electoral intimidation , and reported that Mr. O'Linn was openly sympathetic to SWAPO and indeed had defended its leaders in court|~|After Mr. Stanley 's article was published in two Namibian newspapers , Mr. O'Linn had criminal charges brought against their editors , publisher and lawyer|~|PRP VBD NNP NNP , NN IN DT NN VBN IN VBG JJ NN , CC VBD IN NNP NNP VBD RB JJ TO NNP CC RB VBD VBN PRP$ NNS IN NN|~|IN NNP NNP POS NN VBD VBN IN CD JJ NNS , NNP NNP VBD JJ NNS VBN IN PRP$ NNS , NN CC NN|~|NULL
After Mr. Stanley 's article was published in two Namibian newspapers , Mr. O'Linn had criminal charges brought against their editors , publisher and lawyer|~|Mr. Stanley was arrested and charged along with the others when he returned to Namibia this month|~|IN NNP NNP POS NN VBD VBN IN CD JJ NNS , NNP NNP VBD JJ NNS VBN IN PRP$ NNS , NN CC NN|~|NNP NNP VBD VBN CC VBN IN IN DT NNS WRB PRP VBD TO NNP DT NN|~|NULL
The U.S. journalist 's `` crime '' was writing that the head of the commission charged with overseeing the election 's fairness , Bryan O'Linn , was openly sympathetic to SWAPO|~|Shortly after that , Mr. O'Linn had Scott Stanley arrested and his passport confiscated|~|DT NNP NN POS `` NN '' VBD VBG IN DT NN IN DT NN VBN IN VBG DT NN POS NN , NNP NNP , VBD RB JJ TO NNP|~|RB IN DT , NNP NNP VBD NNP NNP NNP CC PRP$ NN VBN|~|NULL
To the extent Mr. Stanley has done anything wrong , it may be that he is out of step with the consensus of world intellectuals that the Namibian guerrillas were above all else the victims of suppression by neighboring South Africa|~|SWAPO has enjoyed favorable Western media treatment ever since the U.N. General Assembly declared it the `` sole , authentic representative '' of Namibia 's people in|~|TO DT NN NNP NNP VBZ VBN NN JJ , PRP MD VB IN PRP VBZ IN IN NN IN DT NN IN NN NNS IN DT JJ NNS VBD IN DT RB DT NNS IN NN IN VBG NNP NNP|~|NNP VBZ VBN JJ JJ NNS NN RB IN DT NNP NNP NNP VBD PRP DT `` JJ , JJ NN '' IN NNP POS NNS IN|~|NULL
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 , '' said William Slider , Hertz 's executive vice president|~|We are only going to sell at the right price|~|EX VBZ DT JJ NN TO VB DT NN , CC PRP VBP VBG PRP IN PRP MD VB IN PRP$ JJ NN , VBG NNS IN DT NNP CC RB , '' VBD NNP NNP , NNP POS NN NN NN|~|PRP VBP RB VBG TO VB IN DT JJ NN|~|NULL
Hertz Equipment is a major supplier of rental equipment in the U.S. , France , Spain and the U.K|~|It supplies commercial and industrial equipment including earth-moving , aerial , compaction and electrical equipment , compressors , cranes , forklifts and trucks|~|NNP NNP VBZ DT JJ NN IN JJ NN IN DT NNP , NNP , NNP CC DT NNP|~|PRP VBZ JJ CC JJ NN VBG JJ , JJ , NN CC JJ NN , NNS , NNS , NNS CC NNS|~|NULL
Hertz Equipment had operating profit before depreciation of $ 90 million on revenue of $ 150 million in 1988|~|The closely held Hertz Corp. had annual revenue of close to $ 2 billion in 1988 , of which $ 1.7 billion was contributed by its Hertz Rent A Car operations world-wide|~|NNP NNP VBD VBG NN IN NN IN $ CD CD IN NN IN $ CD CD IN CD|~|DT RB VBN NNP NNP VBD JJ NN IN RB TO $ CD CD IN CD , IN WDT $ CD CD VBD VBN IN PRP$ NNP NNP NNP NNP NNS JJ|~|NULL
Nonperformers totaled $ 230.8 million , or 1.27 % in the year-ago third quarter|~|Included in the increase in the most recent quarter is a $ 33 million loan , which NCNB said it `` expects to be fully repaid , with no loss , early in the fourth quarter|~|NNS VBD $ CD CD , CC CD NN IN DT JJ JJ NN|~|VBN IN DT NN IN DT RBS JJ NN VBZ DT $ CD CD NN , WDT NNP VBD PRP `` VBZ TO VB RB VBN , IN DT NN , RB IN DT JJ NN|~|NULL
NCNB Texas National , formed from the remnants of of the failed First RepublicBank Corp. of Dallas , contributed $ 76.9 million to NCNB 's bottom line in the third quarter|~|NCNB said its third-quarter results reflect 100 % of earnings of the Texas operation since Aug. 1|~|NNP NNP NNP , VBN IN DT NNS IN IN DT VBN NNP NNP NNP IN NNP , VBD $ CD CD TO NNP POS NN NN IN DT JJ NN|~|NNP VBD PRP$ JJ NNS VBP CD NN IN NNS IN DT NNP NN IN NNP CD|~|NULL
The company said the gain resulted mainly from a $ 54 million increase in net interest income , reflecting a 33 % increase in real estate loans -LRB- mainly residential -RRB- , and a 19 % rise in consumer loans|~|These high-yielding loans in effect replaced some low-yielding assets such as inter-bank loans , which were allowed to decrease|~|DT NN VBD DT NN VBD RB IN DT $ CD CD NN IN JJ NN NN , VBG DT CD NN NN IN JJ NN NNS -LRB- RB JJ -RRB- , CC DT CD NN NN IN NN NNS|~|DT JJ NNS IN NN VBD DT JJ NNS JJ IN JJ NNS , WDT VBD VBN TO VB|~|NULL
The Charlotte , N.C. , company said earnings rose to $ 143.6 million , or $ 1.45 a share , from $ 58.9 million , or 69 cents a share , a year earlier|~|The latest quarter included a gain of $ 56.1 million , or 59 cents a share , related to the purchase of the remaining 51 % of NCNB Texas National Bank from the Federal Deposit Insurance Corp|~|DT NNP , NNP , NN VBD NNS VBD TO $ CD CD , CC $ CD DT NN , IN $ CD CD , CC CD NNS DT NN , DT NN RBR|~|DT JJS NN VBD DT NN IN $ CD CD , CC CD NNS DT NN , VBN TO DT NN IN DT VBG CD NN IN NNP NNP NNP NNP IN DT NNP NNP NNP NNP|~|NULL
NCNB raised some $ 1.9 billion in new capital during the quarter to complete the NCNB Texas purchase , and to acquire several small failed thrifts to fill out its regional franchise|~|Last week , the banking company said it purchased both Freedom Savings & Loan Association , Tampa , Fla. , and University Federal Savings Association of San Antonio , Texas , for $ 169.4 million|~|NNP VBD DT $ CD CD IN JJ NN IN DT NN TO VB DT NNP NNP NN , CC TO VB JJ JJ JJ NNS TO VB RP PRP$ JJ NN|~|JJ NN , DT NN NN VBD PRP VBD DT NNP NNP CC NNP NNP , NNP , NNP , CC NNP NNP NNP NNP IN NNP NNP , NNP , IN $ CD CD|~|NULL
George M. Salem , analyst at Prudential-Bache Securities Inc. , called the results `` mildly disappointing|~|Excluding the $ 2 billion provision and allowing for the taxes Morgan paid , earnings were about 65 cents a share , Mr. Salem said|~|NNP NNP NNP , NN IN NNP NNPS NNP , VBD DT NNS `` RB JJ|~|VBG DT $ CD CD NN CC VBG IN DT NNS NNP VBD , NNS VBD IN CD NNS DT NN , NNP NNP VBD|~|NULL
The strong performance , however , contrasted with an unexpectedly large increase in the size of NCNB 's problem loans , particularly in the Southeast|~|In the third quarter , nonperforming assets jumped to $ 474.1 million , or 1.43 % of net loans and leases , from $ 232.8 million , or 1.13 % in the second quarter|~|DT JJ NN , RB , VBN IN DT RB JJ NN IN DT NN IN NNP POS NN NNS , RB IN DT NNP|~|IN DT JJ NN , JJ NNS VBD TO $ CD CD , CC CD NN IN JJ NNS CC NNS , IN $ CD CD , CC CD NN IN DT JJ NN|~|NULL
Security Pacific 's loan-loss provision was down 22 % , or $ 30.4 million , because it added to its foreign-debt reserve the year before|~|Non-interest income fell 6 % in the quarter , mainly because of an unusual gain a year earlier from the sale of Hong Kong banking operations|~|NNP NNP POS NN NN VBD RB CD NN , CC $ CD CD , IN PRP VBD TO PRP$ NN NN DT NN RB|~|JJ NN VBD CD NN IN DT NN , RB IN IN DT JJ NN DT NN RBR IN DT NN IN NNP NNP NN NNS|~|NULL
Net rose to $ 185.1 million , or $ 1.55 a share , from $ 167.9 million , or $ 1.47 a share , a year earlier|~|The company said the gain resulted mainly from a $ 54 million increase in net interest income , reflecting a 33 % increase in real estate loans -LRB- mainly residential -RRB- , and a 19 % rise in consumer loans|~|NN VBD TO $ CD CD , CC $ CD DT NN , IN $ CD CD , CC $ CD DT NN , DT NN RBR|~|DT NN VBD DT NN VBD RB IN DT $ CD CD NN IN JJ NN NN , VBG DT CD NN NN IN JJ NN NNS -LRB- RB JJ -RRB- , CC DT CD NN NN IN NN NNS|~|NULL
The latest quarter 's loss equals $ 9.92 a share|~|In the year-earlier quarter , Morgan earned $ 233.6 million , or $ 1.25 a share|~|DT JJS NN POS NN VBZ $ CD DT NN|~|IN DT JJ NN , NNP VBD $ CD CD , CC $ CD DT NN|~|NULL
Net interest income sank 27 % in the quarter to $ 254 million from $ 347 million|~|The interest rate on short-term funds , which banks borrow to finance longer-term loans to customers , was `` sharply higher , '' Morgan said|~|JJ NN NN VBD CD NN IN DT NN TO $ CD CD IN $ CD CD|~|DT NN NN IN JJ NNS , WDT NNS VB TO VB JJ NNS TO NNS , VBD `` RB JJR , '' NNP VBD|~|NULL
The loan growth offset continuing real-estate loan losses in the depressed Arizona market|~|Security Pacific reported a 33 % increase in net credit losses for the quarter , to $ 109 million from $ 81.9 million in the year-ago period|~|DT NN NN VBP VBG NN NN NNS IN DT JJ NNP NN|~|NNP NNP VBD DT CD NN NN IN JJ NN NNS IN DT NN , TO $ CD CD IN $ CD CD IN DT JJ NN|~|NULL
These increases were partly offset by lower trading-related '' income , the bank said|~|Non-interest expenses grew 16 % to $ 496 million|~|DT NNS VBD RB VBN IN JJR NN '' NN , DT NN VBD|~|JJ NNS VBD CD NN TO $ CD CD|~|NULL
In Big Board composite trading yesterday , NCNB jumped $ 3.50 a share , to $ 51|~|Results were released after the market closed|~|IN NNP NNP JJ NN NN , NNP VBD $ CD DT NN , TO $ CD|~|NNS VBD VBN IN DT NN VBD|~|NULL
Income from sources other than interest climbed 12 % to $ 414 million , reflecting higher corporate-finance and other fees and gains on sales of investment securities|~|These increases were partly offset by lower trading-related '' income , the bank said|~|NN IN NNS JJ IN NN VBD CD NN TO $ CD CD , VBG JJR JJ CC JJ NNS CC NNS IN NNS IN NN NNS|~|DT NNS VBD RB VBN IN JJR NN '' NN , DT NN VBD|~|NULL
In the third quarter , nonperforming assets jumped to $ 474.1 million , or 1.43 % of net loans and leases , from $ 232.8 million , or 1.13 % in the second quarter|~|Nonperformers totaled $ 230.8 million , or 1.27 % in the year-ago third quarter|~|IN DT JJ NN , JJ NNS VBD TO $ CD CD , CC CD NN IN JJ NNS CC NNS , IN $ CD CD , CC CD NN IN DT JJ NN|~|NNS VBD $ CD CD , CC CD NN IN DT JJ JJ NN|~|NULL
Non-interest income fell 6 % in the quarter , mainly because of an unusual gain a year earlier from the sale of Hong Kong banking operations|~|Non-interest expense grew only 4 % in the period|~|JJ NN VBD CD NN IN DT NN , RB IN IN DT JJ NN DT NN RBR IN DT NN IN NNP NNP NN NNS|~|JJ NN VBD RB CD NN IN DT NN|~|NULL
A unit of troubled Southmark Corp. , the operator of nursing homes and retirement centers said it sustained a net loss of $ 1.6 million , or nine cents a share , compared with net income of $ 1.3 million , or eight cents a share , a year earlier|~|Operating revenue rose 13 % to $ 22.2 million from $ 19.7 million in the year-earlier quarter|~|DT NN IN JJ NNP NNP , DT NN IN NN NNS CC NN NNS VBD PRP VBD DT JJ NN IN $ CD CD , CC CD NNS DT NN , VBN IN JJ NN IN $ CD CD , CC CD NNS DT NN , DT NN RBR|~|NN NN VBD CD NN TO $ CD CD IN $ CD CD IN DT JJ NN|~|NULL
Net for the third quarter , restated , is $ 1.6 million , or 10 cents a share|~|The company previously reported net of $ 2.3 million , or 15 cents a share|~|NN IN DT JJ NN , VBN , VBZ $ CD CD , CC CD NNS DT NN|~|DT NN RB VBD NN IN $ CD CD , CC CD NNS DT NN|~|NULL
But because of confusion , it took those credits again in reporting its results through the first nine months|~|Jack W. Forrest , Environmental Systems president and chief executive officer , said the change increases the company 's effective tax rate to about 35 % from 20 %|~|CC IN IN NN , PRP VBD DT NNS RB IN VBG PRP$ NNS IN DT JJ CD NNS|~|NNP NNP NNP , NNP NNPS NN CC JJ JJ NN , VBD DT NN VBZ DT NN POS JJ NN NN TO IN CD NN IN CD NN|~|NULL
The Little Rock , Ark. , hazardous-waste services company said the restatement will reduce its net for the nine months ended July 31 to $ 2.5 million , or 17 cents a share , from $ 3.7 million , or 26 cents a share|~|Net for the third quarter , restated , is $ 1.6 million , or 10 cents a share|~|DT NNP NNP , NNP , JJ NNS NN VBD DT NN MD VB PRP$ NN IN DT CD NNS VBN NNP CD TO $ CD CD , CC CD NNS DT NN , IN $ CD CD , CC CD NNS DT NN|~|NN IN DT JJ NN , VBN , VBZ $ CD CD , CC CD NNS DT NN|~|NULL
The results for the half were worse than market expectations , which suggested an interim loss of around 10 million Irish punts|~|In a sharply weaker London market yesterday , Waterford shares were down 15 pence at 50 pence -LRB- 79 cents|~|DT NNS IN DT NN VBD JJR IN NN NNS , WDT VBD DT JJ NN IN IN CD CD JJ NNS|~|IN DT RB JJR NNP NN NN , NNP NNS VBD RB CD NN IN CD NNS -LRB- CD NNS|~|NULL
Sales for the total group rose 27 % to 168.1 million Irish punts compared with 132.6 million Irish punts a year ago|~|Waterford has decided against paying an interim dividend|~|NNS IN DT JJ NN VBD CD NN TO CD CD JJ NNS VBN IN CD CD JJ NNS DT NN RB|~|NNP VBZ VBN IN VBG DT JJ NN|~|NULL
The company reported a loss after taxation and minority interests of 14 million Irish punts , compared with a loss of 9.3 million Irish punts for the year-earlier period|~|There were n't any extraordinary items|~|DT NN VBD DT NN IN NN CC NN NNS IN CD CD JJ NNS , VBN IN DT NN IN CD CD JJ NNS IN DT JJ NN|~|EX VBD RB DT JJ NNS|~|NULL
Strong earnings growth helped achieve that price far ahead of schedule , in August 1988|~|The stock has since softened , trading around $ 25 a share last week and closing yesterday at $ 23.00 in national over-the-counter trading|~|JJ NNS NN VBD VB DT NN RB RB IN NN , IN NNP CD|~|DT NN VBZ RB VBN , VBG IN $ CD DT NN JJ NN CC VBG NN IN $ CD IN JJ JJ NN|~|NULL
Mr. Sim figures it will be easier to turn Barry Wright around since he 's now in the driver 's seat|~|When he came to Applied , `` I did n't have the power to execute as I do today , '' he says|~|NNP NNP VBZ PRP MD VB JJR TO VB NNP NNP IN IN PRP VBZ RB IN DT NN POS NN|~|WRB PRP VBD TO NNP , `` PRP VBD RB VB DT NN TO VB IN PRP VBP NN , '' PRP VBZ|~|NULL
The Watertown , Mass. , company 's sales have been dormant and its profits have dropped|~|Last year 's earnings of $ 1.3 million , including $ 815,000 from a restructuring gain , were far below the year-earlier $ 8.4 million|~|DT NNP , NNP , NN POS NNS VBP VBN JJ CC PRP$ NNS VBP VBN|~|JJ NN POS NNS IN $ CD CD , VBG $ CD IN DT NN NN , VBD RB IN DT JJ $ CD CD|~|NULL
Sales climbed to an estimated $ 245 million in fiscal 1989 , ended Aug. 31 , from $ 99.9 million in fiscal 1985|~|The company expects that earnings , which have marched steadily upward in recent years , reached about $ 20.8 million , or $ 1.58 a share , in the fiscal year just ended , up from $ 15.2 million in fiscal 1988 and $ 3.9 million in 1985|~|NNS VBD TO DT JJ $ CD CD IN JJ CD , VBN NNP CD , IN $ CD CD IN JJ CD|~|DT NN VBZ IN NNS , WDT VBP VBD RB RB IN JJ NNS , VBD IN $ CD CD , CC $ CD DT NN , IN DT JJ NN RB VBN , RB IN $ CD CD IN JJ CD CC $ CD CD IN CD|~|NULL
The Butler , Wis. , manufacturer went public at $ 15.75 a share in August 1987 , and Mr. Sim 's goal then was a $ 29 per-share price by 1992|~|Strong earnings growth helped achieve that price far ahead of schedule , in August 1988|~|DT NNP , NNP , NN VBD JJ IN $ CD DT NN IN NNP CD , CC NNP NNP POS NN RB VBD DT $ CD JJ NN IN CD|~|JJ NNS NN VBD VB DT NN RB RB IN NN , IN NNP CD|~|NULL
In Barry Wright , Mr. Sim sees a situation `` very similar '' to the one he faced when he joined Applied as president and chief operating officer in 1985|~|Applied , then a closely held company , was stagnating under the management of its controlling family|~|IN NNP NNP , NNP NNP VBZ DT NN `` RB JJ '' TO DT CD PRP VBD WRB PRP VBD NNP IN NN CC NN VBG NN IN CD|~|NNP , RB DT RB VBN NN , VBD VBG IN DT NN IN PRP$ VBG NN|~|NULL
Mr. Sim considers the new unit 's operations `` fundamentally sound '' and adds that Barry Wright has been fairly successful in moving into markets that have n't interested larger competitors|~|With a little patience , these businesses will perform very satisfactorily , '' Mr. Sim says|~|NNP NNP VBZ DT JJ NN POS NNS `` RB NN '' CC VBZ IN NNP NNP VBZ VBN RB JJ IN VBG IN NNS WDT VBP RB VBN JJR NNS|~|IN DT JJ NN , DT NNS MD VB RB RB , '' NNP NNP VBZ|~|NULL
When he came to Applied , `` I did n't have the power to execute as I do today , '' he says|~|He was named chief executive officer of Applied in 1986 and became chairman last November|~|WRB PRP VBD TO NNP , `` PRP VBD RB VB DT NN TO VB IN PRP VBP NN , '' PRP VBZ|~|PRP VBD VBN JJ JJ NN IN NNP IN CD CC VBD NN JJ NNP|~|NULL
Besides spurring Barry Wright 's sales , which were $ 201.7 million in 1988 , Mr. Sim must pare its costs and product line|~|The question is how long it 's going to take Barry Wright to make a contribution , '' says F. John Mirek , an analyst at Blunt Ellis Loewi in Milwaukee|~|IN VBG NNP NNP POS NNS , WDT VBD $ CD CD IN CD , NNP NNP MD VB PRP$ NNS CC NN NN|~|DT NN VBZ WRB RB PRP VBZ VBG TO VB NNP NNP TO VB DT NN , '' VBZ NNP NNP NNP , DT NN IN NNP NNP NNP IN NNP|~|NULL
He took the company public in an offering that netted Applied about $ 12.6 million , which helped launch the company 's acquisition program|~|Sales climbed to an estimated $ 245 million in fiscal 1989 , ended Aug. 31 , from $ 99.9 million in fiscal 1985|~|PRP VBD DT NN NN IN DT NN WDT VBZ NNP IN $ CD CD , WDT VBD VB DT NN POS NN NN|~|NNS VBD TO DT JJ $ CD CD IN JJ CD , VBN NNP CD , IN $ CD CD IN JJ CD|~|NULL
With a little patience , these businesses will perform very satisfactorily , '' Mr. Sim says|~|Within about six months , `` things will be moving in the right direction , '' he predicts|~|IN DT JJ NN , DT NNS MD VB RB RB , '' NNP NNP VBZ|~|IN IN CD NNS , `` NNS MD VB VBG IN DT JJ NN , '' PRP VBZ|~|NULL
At Applied , Mr. Sim set growth as his first objective|~|He took the company public in an offering that netted Applied about $ 12.6 million , which helped launch the company 's acquisition program|~|IN NNP , NNP NNP VBD NN IN PRP$ JJ NN|~|PRP VBD DT NN NN IN DT NN WDT VBZ NNP IN $ CD CD , WDT VBD VB DT NN POS NN NN|~|NULL
Barry Wright , acquired by Applied for $ 147 million , makes computer-room equipment and vibration-control systems|~|The Watertown , Mass. , company 's sales have been dormant and its profits have dropped|~|NNP NNP , VBN IN NNP IN $ CD CD , VBZ JJ NN CC JJ NNS|~|DT NNP , NNP , NN POS NNS VBP VBN JJ CC PRP$ NNS VBP VBN|~|NULL
Applied , then a closely held company , was stagnating under the management of its controlling family|~|While profitable , it `` was n't growing and was n't providing a satisfactory return on invested capital , '' he says|~|NNP , RB DT RB VBN NN , VBD VBG IN DT NN IN PRP$ VBG NN|~|IN JJ , PRP `` VBD RB VBG CC VBD RB VBG DT JJ NN IN VBN NN , '' PRP VBZ|~|NULL
Net income rose 11 % to 29.62 billion yen from 26.68 billion|~|Pershare net fell to 423.3 yen from 457.7 yen because of expenses and capital adjustments|~|JJ NN VBD CD NN TO CD CD NNS IN CD CD|~|JJ NN VBD TO CD NNS IN CD NNS IN IN NNS CC NN NNS|~|NULL
Sales surged 40 % to 250.17 billion yen from 178.61 billion|~|Net income rose 11 % to 29.62 billion yen from 26.68 billion|~|NNS VBD CD NN TO CD CD NNS IN CD CD|~|JJ NN VBD CD NN TO CD CD NNS IN CD CD|~|NULL
The brokerage firms learned a lesson the last time around , when frightened investors flooded the phone lines and fled the market in a panic|~|This time , the firms were ready|~|DT NN NNS VBD DT NN DT JJ NN IN , WRB JJ NNS VBD DT NN NNS CC VBD DT NN IN DT NN|~|DT NN , DT NNS VBD JJ|~|NULL
EDUCATION ADS|~|A 142-page ad supplement to Business Week 's special `` Corporate Elite '' issue calls on business leaders to use their clout to help solve the nation 's education crisis|~|NNP NNPS|~|DT JJ NN NN TO NNP NNP POS JJ `` JJ NNP '' NN VBZ IN NN NNS TO VB PRP$ NN TO VB VB DT NN POS NN NN|~|NULL
PaineWebber Inc. filmed a new television commercial at 4 p.m. EDT yesterday and had it on the air by last night|~|Fidelity Investments placed new ads in newspapers yesterday , and wrote another new ad appearing today|~|NNP NNP VBN DT JJ NN NN IN CD RB NNP NN CC VBD PRP IN DT NN IN JJ NN|~|NNP NNPS VBD JJ NNS IN NNS NN , CC VBD DT JJ NN VBG NN|~|NULL
We continue to feel that the stock market is still the place to be for long-term appreciation|~|The spot was scheduled to appear three times on CNN last night|~|PRP VBP TO VB IN DT NN NN VBZ RB DT NN TO VB IN JJ NN|~|DT NN VBD VBN TO VB CD NNS IN NNP JJ NN|~|NULL
At Shearson Lehman , executives created potential new commercials Friday night and throughout the weekend , then had to regroup yesterday afternoon|~|The plan had been to make one of Shearson 's easy-to-film , black-and-white `` Where We Stand '' commercials , which have been running occasionally in response to news events since 1985|~|IN NNP NNP , NNS VBD JJ JJ NNS NNP NN CC IN DT NN , RB VBD TO VB NN NN|~|DT NN VBD VBN TO VB CD IN NNP POS NN , RB `` WRB PRP VB '' NNS , WDT VBP VBN VBG RB IN NN TO NN NNS IN CD|~|NULL
It considered running them during tomorrow night 's World Series broadcast but decided not to when the market recovered yesterday|~|Other brokerage firms , including Merrill Lynch & Co. , were plotting out potential new ad strategies|~|PRP VBD VBG PRP IN NN NN POS NNP NNP NN CC VBD RB TO WRB DT NN VBD NN|~|JJ NN NNS , VBG NNP NNP CC NNP , VBD VBG RP JJ JJ NN NNS|~|NULL
A Fidelity spokesman says the 800-line , which already was operating but which many clients did n't know about , received about double the usual volume of calls over the weekend|~|A lot of investor confidence comes from the fact that they can speak to us , '' he says|~|DT NNP NN VBZ DT NN , WDT RB VBD VBG CC WDT JJ NNS VBD RB VB IN , VBD IN RB DT JJ NN IN NNS IN DT NN|~|DT NN IN NN NN VBZ IN DT NN IN PRP MD VB TO PRP , '' PRP VBZ|~|NULL
We do n't think at this point anything needs to be said|~|The market seems to be straightening out ; we 're taking a wait-and-see attitude , '' says Cathleen B. Stewart , executive vice president of marketing|~|PRP VBP RB VB IN DT NN NN VBZ TO VB VBN|~|DT NN VBZ TO VB VBG IN : PRP VBP VBG DT JJ NN , '' VBZ NNP NNP NNP , JJ NN NN IN NN|~|NULL
It would have been too late to think about on Friday|~|We had to think about it ahead of time|~|PRP MD VB VBN RB JJ TO VB IN IN NNP|~|PRP VBD TO VB IN PRP RB IN NN|~|NULL
Hard on the heels of Friday 's 190-point stock-market plunge and the uncertainty that 's followed , a few big brokerage firms are rolling out new ads trumpeting a familiar message : Keep on investing , the market 's just fine|~|Their mission is to keep clients from fleeing the market , as individual investors did in droves after the crash in October|~|VBN IN DT NNS IN NNP POS JJ NN NN CC DT NN WDT VBZ VBN , DT JJ JJ NN NNS VBP VBG RP JJ NNS VBG DT JJ NN : VB IN NN , DT NN VBZ RB JJ|~|PRP$ NN VBZ TO VB NNS IN VBG DT NN , IN JJ NNS VBD IN NNS IN DT NN IN NNP|~|NULL
A lot of investor confidence comes from the fact that they can speak to us , '' he says|~|To maintain that dialogue is absolutely crucial|~|DT NN IN NN NN VBZ IN DT NN IN PRP MD VB TO PRP , '' PRP VBZ|~|TO VB DT NN VBZ RB JJ|~|NULL
We 're saying the worst thing that anyone can do is to see the market go down and dump everything , which just drives the prices down further , '' says John Lampe , PaineWebber 's director of advertising|~|If you owned it and liked it Friday , the true value has n't changed|~|PRP VBP VBG DT JJS NN IN NN MD VB VBZ TO VB DT NN VB RB CC VB NN , WDT RB VBZ DT NNS RB RB , '' VBZ NNP NNP , NNP POS NN IN NN|~|IN PRP VBD PRP CC VBD PRP NNP , DT JJ NN VBZ RB VBN|~|NULL
Terms were n't disclosed|~|Mr. Eskandarian , who resigned his Della Femina post in September , becomes chairman and chief executive of Arnold|~|NNS VBD RB VBN|~|NNP NNP , WP VBD PRP$ NNP NNP NN IN NNP , VBZ NN CC JJ NN IN NNP|~|NULL
Fidelity Investments placed new ads in newspapers yesterday , and wrote another new ad appearing today|~|Shearson Lehman Hutton Inc. by yesterday afternoon had already written new TV ads|~|NNP NNPS VBD JJ NNS IN NNS NN , CC VBD DT JJ NN VBG NN|~|NNP NNP NNP NNP IN NN NN VBD RB VBN JJ NN NNS|~|NULL
Fidelity , for example , prepared ads several months ago in case of a market plunge|~|When the market went into its free fall Friday afternoon , the investment firm ordered full pages in the Monday editions of half a dozen newspapers|~|NNP , IN NN , VBD NNS JJ NNS RB IN NN IN DT NN NN|~|WRB DT NN VBD IN PRP$ JJ NN NNP NN , DT NN NN VBD JJ NNS IN DT NNP NNS IN PDT DT NN NNS|~|NULL
Today 's Fidelity ad goes a step further , encouraging investors to stay in the market or even to plunge in with Fidelity|~|Underneath the headline `` Diversification , '' it counsels , `` Based on the events of the past week , all investors need to know their portfolios are balanced to help protect them against the market 's volatility|~|NNP POS NNP NN VBZ DT NN RBR , VBG NNS TO VB IN DT NN CC RB TO VB RB IN NNP|~|IN DT NN `` NN , '' PRP VBZ , `` VBN IN DT NNS IN DT JJ NN , DT NNS VBP TO VB PRP$ NNS VBP VBN TO VB VB PRP IN DT NN POS NN|~|NULL
In 1987 , despite a barrage of ads from most of the major investment firms , individuals ran from the market en masse|~|Now the firms must try their hardest to prove that advertising can work this time around|~|IN CD , IN DT NN IN NNS IN JJS IN DT JJ NN NNS , NNS VBD IN DT NN FW FW|~|RB DT NNS MD VB PRP$ JJS TO VB IN NN MD VB DT NN RB|~|NULL
Separately , McDonald 's Corp. , Oak Brook , Ill. , named Arnold to handle its estimated $ 4 million cooperative ad account for the Hartford , Conn. , area|~|That account had been handled by Della Femina , McNamee WCRS|~|RB , NNP POS NNP , NNP NNP , NNP , VBD NNP TO VB PRP$ VBN $ CD CD JJ NN NN IN DT NNP , NNP , NN|~|DT NN VBD VBN VBN IN NNP NNP , NNP NNP|~|NULL
The supplement , the largest ever for the magazine , includes ads from 52 corporate advertisers and kicks off a two-year Business Week initiative on education|~|The magazine will distribute 10 % of the gross revenues from the supplement as grants to innovative teachers|~|DT NN , DT JJS RB IN DT NN , VBZ NNS IN CD JJ NNS CC VBZ RP DT JJ NNP NNP NN IN NN|~|DT NN MD VB CD NN IN DT JJ NNS IN DT NN IN NNS TO JJ NNS|~|NULL
Just days after the 1987 crash , major brokerage firms rushed out ads to calm investors|~|This time around , they 're moving even faster|~|RB NNS IN DT CD NN , JJ NN NNS VBD RP NNS TO VB NNS|~|DT NN IN , PRP VBP VBG RB RBR|~|NULL
Taped just as the market closed yesterday , it offers Ms. Farrell advising , `` We view the market here as going through a relatively normal cycle|~|We continue to feel that the stock market is still the place to be for long-term appreciation|~|VBN RB IN DT NN VBD NN , PRP VBZ NNP NNP VBG , `` PRP VBP DT NN RB IN VBG IN DT RB JJ NN|~|PRP VBP TO VB IN DT NN NN VBZ RB DT NN TO VB IN JJ NN|~|NULL
With the market fluctuating and then closing up more than 88 points yesterday , investment firms had to constantly revise their approach|~|At Shearson Lehman , executives created potential new commercials Friday night and throughout the weekend , then had to regroup yesterday afternoon|~|IN DT NN VBG CC RB VBG RB JJR IN CD NNS NN , NN NNS VBD TO RB VB PRP$ NN|~|IN NNP NNP , NNS VBD JJ JJ NNS NNP NN CC IN DT NN , RB VBD TO VB NN NN|~|NULL
But in a meeting after the market closed yesterday , Shearson executives decided not to go ahead with the stock-market ad|~|We do n't think at this point anything needs to be said|~|CC IN DT NN IN DT NN VBN NN , NNP NNS VBD RB TO VB RB IN DT NN NN|~|PRP VBP RB VB IN DT NN NN VBZ TO VB VBN|~|NULL
ARNOLD ADVERTISING|~|Edward Eskandarian , former chairman of Della Femina , McNamee WCRS\/Boston , reached an agreement in principle to acquire a majority stake in Arnold Advertising , a small Boston shop|~|NNP NNP|~|NNP NNP , JJ NN IN NNP NNP , NNP NNP , VBD DT NN IN NN TO VB DT NN NN IN NNP NNP , DT JJ NNP NN|~|NULL
The plan had been to make one of Shearson 's easy-to-film , black-and-white `` Where We Stand '' commercials , which have been running occasionally in response to news events since 1985|~|The ad would have run during the World Series tomorrow , replacing the debut commercial of Shearson 's new ad campaign , `` Leadership by Example|~|DT NN VBD VBN TO VB CD IN NNP POS NN , RB `` WRB PRP VB '' NNS , WDT VBP VBN VBG RB IN NN TO NN NNS IN CD|~|DT NN MD VB VBN IN DT NNP NNP NN , VBG DT NN NN IN NNP POS JJ NN NN , `` NNP IN NNP|~|NULL
A 142-page ad supplement to Business Week 's special `` Corporate Elite '' issue calls on business leaders to use their clout to help solve the nation 's education crisis|~|The supplement , the largest ever for the magazine , includes ads from 52 corporate advertisers and kicks off a two-year Business Week initiative on education|~|DT JJ NN NN TO NNP NNP POS JJ `` JJ NNP '' NN VBZ IN NN NNS TO VB PRP$ NN TO VB VB DT NN POS NN NN|~|DT NN , DT JJS RB IN DT NN , VBZ NNS IN CD JJ NNS CC VBZ RP DT JJ NNP NNP NN IN NN|~|NULL
Mr. Eskandarian , who resigned his Della Femina post in September , becomes chairman and chief executive of Arnold|~|John Verret , the agency 's president and chief executive , will retain the title of president|~|NNP NNP , WP VBD PRP$ NNP NNP NN IN NNP , VBZ NN CC JJ NN IN NNP|~|NNP NNP , DT NN POS NN CC JJ NN , MD VB DT NN IN NN|~|NULL
PaineWebber also was able to gear up quickly thanks to the 1987 crash|~|In the aftermath of the 1987 debacle , the brokerage firm began taping commercials in-house , ultimately getting its timing down fast enough to tape a commercial after the market closed and rush it on the air that night|~|NNP RB VBD JJ TO NN RP RB NNS TO DT CD NN|~|IN DT NN IN DT CD NN , DT NN NN VBD VBG NNS RB , RB VBG PRP$ NN RP RB RB TO VB DT NN IN DT NN VBD CC VB PRP IN DT NN DT NN|~|NULL
But it remains to be seen whether their ads will be any more effective|~|In 1987 , despite a barrage of ads from most of the major investment firms , individuals ran from the market en masse|~|CC PRP VBZ TO VB VBN IN PRP$ NNS MD VB RB JJR JJ|~|IN CD , IN DT NN IN NNS IN JJS IN DT JJ NN NNS , NNS VBD IN DT NN FW FW|~|NULL
To maintain that dialogue is absolutely crucial|~|It would have been too late to think about on Friday|~|TO VB DT NN VBZ RB JJ|~|PRP MD VB VBN RB JJ TO VB IN IN NNP|~|NULL
If you owned it and liked it Friday , the true value has n't changed|~|He adds , `` This is n't 1987 revisited|~|IN PRP VBD PRP CC VBD PRP NNP , DT JJ NN VBZ RB VBN|~|PRP VBZ , `` DT VBZ RB CD VBN|~|NULL
Edward Eskandarian , former chairman of Della Femina , McNamee WCRS\/Boston , reached an agreement in principle to acquire a majority stake in Arnold Advertising , a small Boston shop|~|Terms were n't disclosed|~|NNP NNP , JJ NN IN NNP NNP , NNP NNP , VBD DT NN IN NN TO VB DT NN NN IN NNP NNP , DT JJ NNP NN|~|NNS VBD RB VBN|~|NULL
The new PaineWebber commercial , created with ad agency Saatchi & Saatchi Co. , features Mary Farrell , one of the firm 's most visible investment strategists , sounding particularly bullish|~|Taped just as the market closed yesterday , it offers Ms. Farrell advising , `` We view the market here as going through a relatively normal cycle|~|DT JJ NNP NN , VBN IN NN NN NNP CC NNP NNP , VBZ NNP NNP , CD IN DT NN POS RBS JJ NN NNS , VBG RB JJ|~|VBN RB IN DT NN VBD NN , PRP VBZ NNP NNP VBG , `` PRP VBP DT NN RB IN VBG IN DT RB JJ NN|~|NULL
When the market went into its free fall Friday afternoon , the investment firm ordered full pages in the Monday editions of half a dozen newspapers|~|The ads touted Fidelity 's automated 800-number beneath the huge headline , `` Fidelity Is Ready For Your Call|~|WRB DT NN VBD IN PRP$ JJ NN NNP NN , DT NN NN VBD JJ NNS IN DT NNP NNS IN PDT DT NN NNS|~|DT NNS VBD NNP POS JJ JJ IN DT JJ NN , `` NNP VBZ JJ IN PRP$ NN|~|NULL
Underneath the headline `` Diversification , '' it counsels , `` Based on the events of the past week , all investors need to know their portfolios are balanced to help protect them against the market 's volatility|~|It goes on to plug a few diversified Fidelity funds by name|~|IN DT NN `` NN , '' PRP VBZ , `` VBN IN DT NNS IN DT JJ NN , DT NNS VBP TO VB PRP$ NNS VBP VBN TO VB VB PRP IN DT NN POS NN|~|PRP VBZ RP TO VB DT JJ JJ NNP NNS IN NN|~|NULL
Shearson Lehman Hutton Inc. by yesterday afternoon had already written new TV ads|~|It considered running them during tomorrow night 's World Series broadcast but decided not to when the market recovered yesterday|~|NNP NNP NNP NNP IN NN NN VBD RB VBN JJ NN NNS|~|PRP VBD VBG PRP IN NN NN POS NNP NNP NN CC VBD RB TO WRB DT NN VBD NN|~|NULL
Also , a UAL group tried to get financing for a lower bid , possibly $ 250 a share|~|UAL fell $ 56.875 , to $ 222.875|~|RB , DT NNP NN VBD TO VB NN IN DT JJR NN , RB $ CD DT NN|~|NNP VBD $ CD , TO $ CD|~|NULL
A natural gas rule was struck down by a federal appeals court|~|The regulation had prevented pipeline firms from passing part of $ 1 billion in costs along to customers|~|DT JJ NN NN VBD VBD RP IN DT JJ NNS NN|~|DT NN VBD VBN NN NNS IN VBG NN IN $ CD CD IN NNS IN TO NNS|~|NULL
Donald Trump withdrew his $ 7.54 billion offer for American Air , citing the `` recent change in market conditions|~|AMR slid $ 22.125 , to $ 76.50|~|NNP NNP VBD PRP$ $ CD CD NN IN NNP NNP , VBG DT `` JJ NN IN NN NNS|~|NNP VBD $ CD , TO $ CD|~|NULL
Budget director Darman said he wo n't give federal agencies much leeway in coping with Gramm-Rudman spending cuts , which took effect yesterday|~|Darman hopes to prod Congress to finish a deficit plan|~|NNP NN NNP VBD PRP MD RB VB JJ NNS JJ NN IN VBG IN NNP NN NNS , WDT VBD NN NN|~|NNP VBZ TO VB NNP TO VB DT NN NN|~|NULL
The Dow Jones industrials closed up 88.12 points , at 2657.38 , the fourth-biggest gain ever , after being down as much as 63.52 points in the morning|~|The rally erased about half of Friday 's 190.58-point plunge , but analysts are cautious about the market 's outlook|~|DT NNP NNP NNS VBD RB CD NNS , IN CD , DT JJ NN RB , IN VBG RB RB JJ IN CD NNS IN DT NN|~|DT NN VBD IN NN IN NNP POS JJ NN , CC NNS VBP JJ IN DT NN POS NN|~|NULL
U.S. auto makers plan to decrease car production 10.4 % in the fourth quarter , with virtually all the decline coming from the Big Three|~|Output at Japanese-owned and managed plants in the U.S. is due to rise 42 %|~|NNP NN NNS VBP TO VB NN NN CD NN IN DT JJ NN , IN RB PDT DT NN VBG IN DT NNP NNP|~|NN IN JJ CC VBN NNS IN DT NNP VBZ JJ TO VB CD NN|~|NULL
The S&L bailout agency would be restricted by a new bill in how it raises capital|~|The Ways and Means plan would create another possible obstacle to selling sick thrifts|~|DT NN NN NN MD VB VBN IN DT JJ NN IN WRB PRP VBZ NN|~|DT NNPS CC NNP NN MD VB DT JJ NN TO VBG JJ NNS|~|NULL
Merrill Lynch 's profit slid 37 % in the third quarter|~|Bear Stearns posted a 7.5 % gain , while PaineWebber had a decline due to a year-ago gain|~|NNP NNP POS NN VBD CD NN IN DT JJ NN|~|NNP NNP VBD DT CD NN NN , IN NNP VBD DT NN JJ TO DT JJ NN|~|NULL
Blue Arrow of Britain plans to return to the name Manpower and take a big write-off|~|The moves may help the firm solidify its dominance of the U.S. temporary-help market|~|NNP NNP IN NNP VBZ TO VB TO DT NN NNP CC VB DT JJ NN|~|DT NNS MD VB DT NN VB PRP$ NN IN DT NNP JJ NN|~|NULL
J.P. Morgan posted a $ 1.82 billion loss for the third quarter , reflecting a big addition to loan-loss reserves|~|NCNB 's profit more than doubled|~|NNP NNP VBD DT $ CD CD NN IN DT JJ NN , VBG DT JJ NN TO JJ NNS|~|NNP POS NN RBR IN VBD|~|NULL
The computer giant partly cited a stronger dollar and a delay in shipping a new high-end disk drive|~|Analysts are downbeat about IBM 's outlook for the next few quarters|~|DT NN NN RB VBD DT JJR NN CC DT NN IN VBG DT JJ JJ NN NN|~|NNS VBP JJ IN NNP POS NN IN DT JJ JJ NNS|~|NULL
THE STOCK MARKET AVOIDED a repeat of Black Monday as prices recovered from an early slide , spurred by bargain-hunting institutions and program traders|~|The Dow Jones industrials closed up 88.12 points , at 2657.38 , the fourth-biggest gain ever , after being down as much as 63.52 points in the morning|~|DT NN NN VBD DT NN IN NNP NNP IN NNS VBD IN DT JJ NN , VBN IN NN NNS CC NN NNS|~|DT NNP NNP NNS VBD RB CD NNS , IN CD , DT JJ NN RB , IN VBG RB RB JJ IN CD NNS IN DT NN|~|NULL
Stocks : Volume 416,290,000 shares|~|Dow Jones industrials 2657.38 , up 88.12 ; transportation 1304.23 , off 102.06 ; utilities 214.73 , up 2.77|~|NNS : NN CD NNS|~|NNP NNP VBZ CD , RB CD : NN CD , RB CD : NNS CD , RB CD|~|NULL
IBM 's earnings tumbled 30 % in the third quarter , slightly more than expected|~|The computer giant partly cited a stronger dollar and a delay in shipping a new high-end disk drive|~|NNP POS NNS VBD CD NN IN DT JJ NN , RB RBR IN VBN|~|DT NN NN RB VBD DT JJR NN CC DT NN IN VBG DT JJ JJ NN NN|~|NULL
At the time of the original announcement , CMS said its board authorized the purchase of as many as five million of its shares|~|A spokesman said 2.6 million shares have been purchased since then|~|IN DT NN IN DT JJ NN , NNP VBD PRP$ NN VBD DT NN IN RB JJ IN CD CD IN PRP$ NNS|~|DT NN VBD CD CD NNS VBP VBN VBN IN RB|~|NULL
A spokesman said 2.6 million shares have been purchased since then|~|The company said it will buy additional shares `` from time to time in the open market or in private transactions at prevailing market prices|~|DT NN VBD CD CD NNS VBP VBN VBN IN RB|~|DT NN VBD PRP MD VB JJ NNS `` IN NN TO NN IN DT JJ NN CC IN JJ NNS IN VBG NN NNS|~|NULL
Major indexes declined more than 8 % in Australia and New Zealand and 6.5 % in Hong Kong|~|Bangkok , Manila , Seoul , Taipei and Jakarta escaped with slightly smaller losses|~|JJ NNS VBD JJR IN CD NN IN NNP CC NNP NNP CC CD NN IN NNP NNP|~|NNP , NNP , NNP , NNP CC NNP VBD IN RB JJR NNS|~|NULL
Unless there is a panic , this is the best time to buy , as was the case two years ago , '' he said|~|Those shares which had posted gains on M&A speculation were dashed with cold water , but as far as major stocks are concerned , there is n't much impact|~|IN EX VBZ DT NN , DT VBZ DT JJS NN TO VB , IN VBD DT NN CD NNS IN , '' PRP VBD|~|DT NNS WDT VBD VBN NNS IN NN NN VBD VBN IN JJ NN , CC RB RB IN JJ NNS VBP VBN , EX VBZ RB JJ NN|~|NULL
Isao Ushikubo , general manager of the investment research department at Toyo Trust & Banking Co. , also was optimistic|~|He described Friday 's plunge in the U.S. as a `` fleeting '' event resulting in part from excessive merger and acquisition activity|~|NNP NNP , JJ NN IN DT NN NN NN IN NNP NNP CC NNP NNP , RB VBD JJ|~|PRP VBD NNP POS NN IN DT NNP IN DT `` JJ '' NN VBG IN NN IN JJ NN CC NN NN|~|NULL
The day 's decline was generally in line with analysts ' weekend predictions|~|Declining issues swamped advancers , 941-105|~|DT NN POS NN VBD RB IN NN IN NNS POS NN NNS|~|VBG NNS VBD NNS , RB|~|NULL
Now we are looking for the time to place buy orders , '' he said|~|For us institutional investors , the chance for buying has come|~|RB PRP VBP VBG IN DT NN TO VB NN NNS , '' PRP VBD|~|IN PRP JJ NNS , DT NN IN NN VBZ VBN|~|NULL
Singapore took the hit because when people want to get out , they tend to go where the liquidity is , '' said Elizabeth Hambrecht , a regional analyst with Baring Securities -LRB- Hong Kong -RRB- Ltd|~|She pointed out that even after Monday 's 10 % decline , the Straits Times index is up 24 % this year , so investors who bailed out generally did so profitably|~|NNP VBD DT NN IN WRB NNS VBP TO VB RP , PRP VBP TO VB WRB DT NN VBZ , '' VBD NNP NNP , DT JJ NN IN NNP NNP -LRB- NNP NNP -RRB- NNP|~|PRP VBD RP IN RB IN NNP POS CD NN NN , DT NNP NNP NN VBZ RB CD NN DT NN , IN NNS WP VBD RP RB VBD RB RB|~|NULL
In Hong Kong , the Hang Seng Index fell 180.60 to finish at 2601.70|~|Trading was heavy at about one billion shares , compared with 473.9 million Friday|~|IN NNP NNP , DT NNP NNP NNP VBD CD TO VB IN CD|~|NN VBD JJ IN RB CD CD NNS , VBN IN CD CD NNP|~|NULL
We have no plans to adjust our asset allocation in foreign equities , '' said Masato Murakami , chief portfolio manager in the pension fund management department at Yasuda Trust & Banking Co|~|He said Friday 's Wall Street decline was `` well within the range of volatility '' that Yasuda Trust plans for when it charts its overseas investment strategy|~|PRP VBP DT NNS TO VB PRP$ NN NN IN JJ NNS , '' VBD NNP NNP , JJ NN NN IN DT NN NN NN NN IN NNP NNP CC NNP NNP|~|PRP VBD NNP POS NNP NNP NN VBD `` RB IN DT NN IN NN '' IN NNP NNP VBZ IN WRB PRP NNS PRP$ JJ NN NN|~|NULL
Several analysts said Malaysia and Singapore had the biggest losses because they are relatively open to rapid cash flows|~|Hong Kong is the region 's next most open market , but many foreign investors have been staying away from it since it plunged in June amid political turmoil in China|~|JJ NNS VBD NNP CC NNP VBD DT JJS NNS IN PRP VBP RB JJ TO JJ NN NNS|~|NNP NNP VBZ DT NN POS JJ RBS JJ NN , CC JJ JJ NNS VBP VBN VBG RB IN PRP IN PRP VBD IN NNP IN JJ NN IN NNP|~|NULL
Among other Asian and Pacific markets , Malaysia and Singapore had the biggest losses , with the Kuala Lumpur composite index in Malaysia falling 11.5 % and Singapore 's Straits Times Industrial Index down 10 %|~|Major indexes declined more than 8 % in Australia and New Zealand and 6.5 % in Hong Kong|~|IN JJ JJ CC JJ NNS , NNP CC NNP VBD DT JJS NNS , IN DT NNP NNP JJ NN IN NNP VBG CD NN CC NNP POS NNP NNP NNP NNP RB CD NN|~|JJ NNS VBD JJR IN CD NN IN NNP CC NNP NNP CC CD NN IN NNP NNP|~|NULL
In the first 25 minutes of Tuesday 's trading the Nikkei index soared 664.83 points , to 35133.83|~|By 10 a.m. Tokyo time , the index was up 435.11 points , to 34903.80 as investors hailed New York 's overnight rally|~|IN DT JJ CD NNS IN NNP POS NN DT NNP NN VBD CD NNS , TO CD|~|IN CD NN NNP NN , DT NN VBD RB CD NNS , TO CD IN NNS VBD NNP NNP POS JJ NN|~|NULL
At the close , the Nikkei average of 225 stocks stood at 34468.69 , down 647.33 points , or 1.8 %|~|The broader Tokyo Stock Price Index sank 45.66 , or 1.7 % , to 2600.88|~|IN DT NN , DT NNP NN IN CD NNS VBD IN CD , IN CD NNS , CC CD NN|~|DT JJR NNP NNP NNP NNP VBD CD , CC CD NN , TO CD|~|NULL
Richard Chenevix-Trench , a director at Hong Kong-based Baring International Fund Managers Ltd. , said the market probably has n't hit bottom yet but is close|~|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 , '' he said|~|NNP NNP , DT NN IN NNP NNP NNP NNP NNP NNPS NNP , VBD DT NN RB VBZ RB VBN NN RB CC VBZ JJ|~|IN NNP NNP VBZ RB VB , PRP VBP RB DT CD NN IN DT NN , RB VBG DT NN IN JJ NN IN IN NNP , '' PRP VBD|~|NULL
Tokyo share prices rebounded Tuesday morning , with the Nikkei index of 225 selected stocks rising 618.69 points to close the morning session at 35087.38|~|The index slid 647.33 points , or 1.8 % , on Monday|~|NNP NN NNS VBD NNP NN , IN DT NNP NN IN CD VBN NNS VBG CD NNS TO VB DT NN NN IN CD|~|DT NN VBD CD NNS , CC CD NN , IN NNP|~|NULL
It 's pure psychology , '' said William Au Yeung , an account executive for Drexel Burnham Lambert -LRB- HK -RRB- Ltd. in Hong Kong|~|Markets in this region are n't so geared to leveraged buy-outs , and their economies generally are in good shape , but there 's no doubt that Asia is still following America 's lead|~|PRP VBZ JJ NN , '' VBD NNP NNP NNP , DT NN NN IN NNP NNP NNP -LRB- NNP -RRB- NNP IN NNP NNP|~|NNS IN DT NN VBP RB RB VBN TO JJ NNS , CC PRP$ NNS RB VBP IN JJ NN , CC EX VBZ DT NN IN NNP VBZ RB VBG NNP POS NN|~|NULL
The broader Tokyo Stock Price Index sank 45.66 , or 1.7 % , to 2600.88|~|The day 's decline was generally in line with analysts ' weekend predictions|~|DT JJR NNP NNP NNP NNP VBD CD , CC CD NN , TO CD|~|DT NN POS NN VBD RB IN NN IN NNS POS NN NNS|~|NULL
We did n't trade much today , as our policy now is to wait and see , '' said a fund manager at Taisho Life Insurance Co|~|We would like to wait and see until trading goes around through Europe and New York|~|PRP VBD RB VB RB NN , IN PRP$ NN RB VBZ TO VB CC VB , '' VBD DT NN NN IN NNP NNP NNP NNP|~|PRP MD VB TO VB CC VB IN NN VBZ RB IN NNP CC NNP NNP|~|NULL
The Tokyo Stock Exchange index for the second section fell 100.96 , or 2.7 % , to 3655.40|~|Many investors , trying to outperform the market 's major indexes , have flocked to these small issues in recent weeks|~|DT NNP NNP NNP NN IN DT JJ NN VBD CD , CC CD NN , TO CD|~|JJ NNS , VBG TO VB DT NN POS JJ NNS , VBP VBN TO DT JJ NNS IN JJ NNS|~|NULL
Shares also closed sharply lower across Europe , particularly in Frankfurt , although London and a few other markets recovered some ground after stocks began to rebound in New York|~|Other Asian and Pacific markets had sharper losses than Tokyo , but the selling wave stopped short of precipitating another market crash|~|NNS RB VBD RB JJR IN NNP , RB IN NNP , IN NNP CC DT JJ JJ NNS VBD DT NN IN NNS VBD TO VB IN NNP NNP|~|JJ JJ CC JJ NNS VBD JJR NNS IN NNP , CC DT NN NN VBD JJ IN VBG DT NN NN|~|NULL
To make them directly comparable , each index is based on the close of 1969 equaling 100|~|The percentage change is since year-end|~|TO VB PRP RB JJ , DT NN VBZ VBN IN DT NN IN CD VBG CD|~|DT NN NN VBZ IN NN|~|NULL
Nobuto Yasuda , a director at Yamaichi Investment Trust & Management Co. , called yesterday 's session `` a good scenario '' for Japan|~|Now we are looking for the time to place buy orders , '' he said|~|NNP NNP , DT NN IN NNP NNP NNP CC NNP NNP , VBD NN POS NN `` DT JJ NN '' IN NNP|~|RB PRP VBP VBG IN DT NN TO VB NN NNS , '' PRP VBD|~|NULL
London 's Financial Times-Stock Exchange 100-share index , the most closely watched market barometer , ended at its intraday high of 2163.4 , down 70.5 , or 3.2 %|~|At its low , shortly before Wall Street opened , it was off more than 130 points|~|NNP POS NNP NNP NNP JJ NN , DT RBS RB VBN NN NN , VBD IN PRP$ NN JJ IN CD , RB CD , CC CD NN|~|IN PRP$ NN , RB IN NNP NNP VBD , PRP VBD RB JJR IN CD NNS|~|NULL
Here are price trends on the world 's major stock markets , as calculated by Morgan Stanley Capital International Perspective , Geneva|~|To make them directly comparable , each index is based on the close of 1969 equaling 100|~|RB VBP NN NNS IN DT NN POS JJ NN NNS , IN VBN IN NNP NNP NNP NNP NNP , NNP|~|TO VB PRP RB JJ , DT NN VBZ VBN IN DT NN IN CD VBG CD|~|NULL
The Financial Times 30-share index closed 79.3 points lower at 1738.7|~|Volume more than doubled to 959.3 million shares from 457.7 million Friday|~|DT NNP NNP JJ NN VBD CD NNS JJR IN CD|~|NN RBR IN VBD TO CD CD NNS IN CD CD NNP|~|NULL
Retail investors dumped holdings on a massive scale , pushing some blue-chip shares down as much as 20 %|~|Analysts cited memories of two years ago , when many small investors held on to their shares after the October crash but the West German market continued to decline steeply for the next three months|~|JJ NNS VBD NNS IN DT JJ NN , VBG DT JJ NNS RB RB JJ IN CD NN|~|NNS VBD NNS IN CD NNS RB , WRB JJ JJ NNS VBD RP TO PRP$ NNS IN DT NNP NN CC DT JJ JJ NN VBD TO VB RB IN DT JJ CD NNS|~|NULL
The market opened sharply lower , with the Nikkei average down nearly 600 after 20 minutes|~|A midmorning rebound brought it back to show a gain of about 200 at the end of the morning session , but the rally failed in the afternoon , and the market closed near the day 's low|~|DT NN VBD RB JJR , IN DT NNP NN IN RB CD IN CD NNS|~|DT NN NN VBD PRP RP TO VB DT NN IN IN CD IN DT NN IN DT NN NN , CC DT NN VBD IN DT NN , CC DT NN VBD IN DT NN POS NN|~|NULL
Prices on the Frankfurt Stock Exchange tumbled in heavy trading|~|The decline in the German Stock Index of 203.56 points , or 12.8 % , to 1385.72 was the Frankfurt market 's steepest fall ever|~|NNS IN DT NNP NNP NNP VBD IN JJ NN|~|DT NN IN DT NNP NNP NNP IN CD NNS , CC CD NN , TO CD VBD DT NNP NN POS JJS NN RB|~|NULL
On Oct. 16 , 1987 -- the Friday before the Black Monday crash -- the New York market dropped 4.6 % , and Tokyo followed on Monday with a 2.4 % drop|~|This time , Wall Street 's plunge of 6.9 % Friday was followed by yesterday 's 1.8 % loss in Tokyo|~|IN NNP CD , CD : DT NNP IN DT NNP NNP NN : DT NNP NNP NN VBD CD NN , CC NNP VBD IN NNP IN DT CD NN NN|~|DT NN , NNP NNP POS NN IN CD NN NNP VBD VBN IN NN POS CD NN NN IN NNP|~|NULL
Other fund managers were similarly sanguine|~|We have no plans to adjust our asset allocation in foreign equities , '' said Masato Murakami , chief portfolio manager in the pension fund management department at Yasuda Trust & Banking Co|~|JJ NN NNS VBD RB JJ|~|PRP VBP DT NNS TO VB PRP$ NN NN IN JJ NNS , '' VBD NNP NNP , JJ NN NN IN DT NN NN NN NN IN NNP NNP CC NNP NNP|~|NULL
The smaller stocks in the Tokyo market 's second section also posted their biggest decline of the year|~|The Tokyo Stock Exchange index for the second section fell 100.96 , or 2.7 % , to 3655.40|~|DT JJR NNS IN DT NNP NN POS JJ NN RB VBD PRP$ JJS NN IN DT NN|~|DT NNP NNP NNP NN IN DT JJ NN VBD CD , CC CD NN , TO CD|~|NULL
Under terms of the offer , the sporting goods maker will swap $ 9 face amount of 9 1\/4 % subordinated notes due 1996 and one warrant for each common share|~|Each warrant allows the holder to buy one BSN share for $ 10.75 a share at any time over the next seven years|~|IN NNS IN DT NN , DT NN NNS NN MD VB $ CD NN NN IN CD CD NN VBN NNS JJ CD CC CD NN IN DT JJ NN|~|DT NN VBZ DT NN TO VB CD NNP NN IN $ CD DT NN IN DT NN IN DT JJ CD NNS|~|NULL
BSN said it is making the offer to shrink its capital and increase shareholder value|~|If all the bondholders and holders of one million common shares accept the offer , BSN will increase its debt by $ 9 million , but it also will recognize a $ 2 million gain from retiring the old debt , said Michael J. Blumenfeld , president|~|NNP VBD PRP VBZ VBG DT NN TO VB PRP$ NN CC VB NN NN|~|IN PDT DT NNS CC NNS IN CD CD JJ NNS VBP DT NN , NNP MD VB PRP$ NN IN $ CD CD , CC PRP RB MD VB DT $ CD CD NN IN VBG DT JJ NN , VBD NNP NNP NNP , NN|~|NULL
The company said it can redeem the warrants at its option for $ 1 each|~|The offer is n't contingent on a certain amount of debt or stock being exchanged|~|DT NN VBD PRP MD VB DT NNS IN PRP$ NN IN $ CD DT|~|DT NN VBZ RB JJ IN DT JJ NN IN NN CC NN VBG VBN|~|NULL
If all the bondholders and holders of one million common shares accept the offer , BSN will increase its debt by $ 9 million , but it also will recognize a $ 2 million gain from retiring the old debt , said Michael J. Blumenfeld , president|~|We have sufficient cash flow to handle that , '' he said|~|IN PDT DT NNS CC NNS IN CD CD JJ NNS VBP DT NN , NNP MD VB PRP$ NN IN $ CD CD , CC PRP RB MD VB DT $ CD CD NN IN VBG DT JJ NN , VBD NNP NNP NNP , NN|~|PRP VBP JJ NN NN TO VB DT , '' PRP VBD|~|NULL
Each warrant allows the holder to buy one BSN share for $ 10.75 a share at any time over the next seven years|~|BSN currently has 4.6 million common shares outstanding|~|DT NN VBZ DT NN TO VB CD NNP NN IN $ CD DT NN IN DT NN IN DT JJ CD NNS|~|NNP RB VBZ CD CD JJ NNS JJ|~|NULL
The company 's restructuring includes plans to split into three sectors , to phase out domestic printer manufacturing operations and to sell its New England subsidiary|~|As part of the plan , Dataproducts announced a pact to sell $ 63 million of its real estate holdings to Trizec Properties Inc. , a unit of Canada 's Trizec Corp|~|DT NN POS NN VBZ NNS TO VB IN CD NNS , TO VB RP JJ NN NN NNS CC TO VB PRP$ NNP NNP NN|~|IN NN IN DT NN , NNP VBD DT NN TO VB $ CD CD IN PRP$ JJ NN NNS TO NNP NNP NNP , DT NN IN NNP POS NNP NNP|~|NULL
Dataproducts , which had been seeking a buyer for several months , announced a restructuring plan in September and took itself off the auction block|~|The company 's restructuring includes plans to split into three sectors , to phase out domestic printer manufacturing operations and to sell its New England subsidiary|~|NNP , WDT VBD VBN VBG DT NN IN JJ NNS , VBD DT VBG NN IN NNP CC VBD PRP IN DT NN NN|~|DT NN POS NN VBZ NNS TO VB IN CD NNS , TO VB RP JJ NN NN NNS CC TO VB PRP$ NNP NNP NN|~|NULL
Jack Davis , Dataproducts ' president , chairman and chief executive officer , said the company `` is at a loss to understand DPC 's intentions|~|He called today 's announcement `` opportunistic and disruptive '' and said the company intends to proceed with its restructuring|~|NNP NNP , NNP POS NN , NN CC JJ JJ NN , VBD DT NN `` VBZ IN DT NN TO VB NNP POS NNS|~|PRP VBD NN POS NN `` JJ CC JJ '' CC VBD DT NN VBZ TO VB IN PRP$ NN|~|NULL
DPC holds a 7.8 % stake in Dataproducts and made a $ 15-a-share bid for the company in May , but Dataproducts management considered the $ 283.7 million proposal unacceptable|~|A DPC spokesman declined to elaborate on the group 's new plan|~|NNP VBZ DT CD NN NN IN NNPS CC VBD DT $ JJ NN IN DT NN IN NNP , CC NNP NN VBD DT $ CD CD NN JJ|~|DT NNP NN VBD TO VB IN DT NN POS JJ NN|~|NULL
The new offer , which seeks 50.3 % of the cellular and broadcasting concern , is for $ 125 a share for 22 million LIN shares|~|McCaw 's revised tender offer would require McCaw to begin an auction process in July 1994 that would buy out remaining holders at a per-share price roughly equivalent to what a third party might then have to pay for all of LIN|~|DT JJ NN , WDT VBZ CD NN IN DT JJ CC NN NN , VBZ IN $ CD DT NN IN CD CD NNP NNS|~|NNP POS VBN NN NN MD VB NNP TO VB DT NN NN IN NNP CD WDT MD VB RP VBG NNS IN DT JJ NN RB JJ TO WP DT JJ NN MD RB VB TO VB IN DT IN NNP|~|NULL
McCaw has `` no obligation to purchase and the definition of private market value is uncertain , '' the LIN board said|~|The board added that McCaw would be able to control LIN 's operations and could , `` therefore , operate LIN in a manner which could diminish its private market value and attractiveness to a third-party purchaser in five years|~|NNP VBZ `` DT NN TO VB CC DT NN IN JJ NN NN VBZ JJ , '' DT NNP NN VBD|~|DT NN VBD IN NNP MD VB JJ TO VB NNP POS NNS CC MD , `` RB , VB NNP IN DT NN WDT MD VB PRP$ JJ NN NN CC NN TO DT JJ NN IN CD NNS|~|NULL
The LIN board said holders may be misled by the provision in the McCaw proposal that `` guarantees '' private market value after five years for the remaining shares|~|McCaw has `` no obligation to purchase and the definition of private market value is uncertain , '' the LIN board said|~|DT NNP NN VBD NNS MD VB VBN IN DT NN IN DT NNP NN WDT `` VBZ '' JJ NN NN IN CD NNS IN DT VBG NNS|~|NNP VBZ `` DT NN TO VB CC DT NN IN JJ NN NN VBZ JJ , '' DT NNP NN VBD|~|NULL
LIN is asking McCaw to clarify its tender offer , which challenges an agreement between BellSouth Corp. and LIN to merge their cellular-telephone businesses|~|BellSouth has notified LIN that it would `` shortly respond to the McCaw proposal in as full and effective a manner as is warranted|~|NNP VBZ VBG NNP TO VB PRP$ NN NN , WDT VBZ DT NN IN NNP NNP CC NNP TO VB PRP$ JJ NNS|~|NNP VBZ VBN NNP IN PRP MD `` RB VB TO DT NNP NN IN RB JJ CC JJ DT NN IN VBZ VBN|~|NULL
DIG Acquisition Corp. , the New Jersey investor 's acquisition vehicle , said that as of the close of business yesterday , 560,839 shares had been tendered|~|Including the stake DIG already held , DIG holds a total of about 25 % of Di Giorgio 's shares on a fully diluted basis|~|NNP NNP NNP , DT NNP NNP NN POS NN NN , VBD IN IN IN DT NN IN NN NN , CD NNS VBD VBN VBN|~|VBG DT NN NNP RB VBD , NNP VBZ DT NN IN IN CD NN IN NNP NNP POS NNS IN DT RB VBN NN|~|NULL
DIG is a unit of DIG Holding Corp. , a unit of Rose Partners L.P|~|Mr. Goldberg is the sole general partner in Rose Partners|~|NNP VBZ DT NN IN NNP NNP NNP , DT NN IN NNP NNPS NNP|~|NNP NNP VBZ DT JJ JJ NN IN NNP NNP|~|NULL
The new expiration date is the date on which DIG 's financing commitments , which total about $ 240 million , are to expire|~|DIG is a unit of DIG Holding Corp. , a unit of Rose Partners L.P|~|DT JJ NN NN VBZ DT NN IN WDT NNP POS NN NNS , WDT VBP IN $ CD CD , VBP TO VB|~|NNP VBZ DT NN IN NNP NNP NNP , DT NN IN NNP NNPS NNP|~|NULL
The offer , which also includes common and preferred stock purchase rights , was to expire last night at midnight|~|The new expiration date is the date on which DIG 's financing commitments , which total about $ 240 million , are to expire|~|DT NN , WDT RB VBZ NN CC VBN NN NN NNS , VBD TO VB JJ NN IN NN|~|DT JJ NN NN VBZ DT NN IN WDT NNP POS NN NNS , WDT VBP IN $ CD CD , VBP TO VB|~|NULL
The carnage on the Chicago Board Options Exchange , the nation 's major options market , was heavy after the trading in S&P 100 stock-index options was halted Friday|~|Many market makers in the S&P 100 index options contract had bullish positions Friday , and when the shutdown came they were frozen with huge losses|~|DT NN IN DT NNP NNP NNPS NNP , DT NN POS JJ NNS NN , VBD JJ IN DT NN IN NNP CD NN NNS VBD VBN NNP|~|JJ NN NNS IN DT NNP CD NN NNS NN VBD JJ NNS NNP , CC WRB DT NN VBD PRP VBD VBN IN JJ NNS|~|NULL
It was orderly|~|We put some orders together|~|PRP VBD JJ|~|PRP VBD DT NNS RB|~|NULL
Instead , they bought on weakness and sold into the strength , which kept the market orderly|~|Maybe they learned from experience|~|RB , PRP VBD RP NN CC VBN IN DT NN , WDT VBD DT NN JJ|~|RB PRP VBD IN NN|~|NULL
According to Big Board officials , Disney had one of the biggest sell-order imbalances on Friday ; it was one of the seven stocks that could n't finish trading that day|~|The stock opened late at 114 1\/2 , down 8 1\/2|~|VBG TO NNP NNP NNS , NNP VBD CD IN DT JJS JJ NNS IN NNP : PRP VBD CD IN DT CD NNS WDT MD RB VB NN DT NN|~|DT NN VBD RB IN CD CD , RB CD CD|~|NULL
Around Wall Street , trading desks were relieved that they could at least play the market yesterday , in contrast to Friday 's gridlock|~|At Donaldson , Lufkin & Jenrette Inc. , head equity trader Dudley Eppel said : `` I think the opening was constructive|~|IN NNP NNP , NN NNS VBD VBN IN PRP MD IN JJS VB DT NN NN , IN NN TO NNP POS NN|~|IN NNP , NNP CC NNP NNP , NN NN NN NNP NNP VBD : `` PRP VBP DT NN VBD JJ|~|NULL
Mr. Phelan said 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 were closed and were n't reopened before the close|~|They did an excellent job , '' Mr. Phelan said of the specialists|~|NNP NNP VBD DT NN IN NNS IN NNP POS NN VBD JJ , IN IN IN CD NNP NNP JJ NNS VBN IN DT NN RB CD VBD VBN CC VBD RB VBN IN DT NN|~|PRP VBD DT JJ NN , '' NNP NNP VBD IN DT NNS|~|NULL
All the selling had pushed stocks to such cheap values that big investment banks and major money management firms started buying stocks heavily|~|The program traders were in there , too , of course|~|PDT DT NN VBD VBN NNS TO JJ JJ NNS IN JJ NN NNS CC JJ NN NN NNS VBD VBG NNS RB|~|DT NN NNS VBD IN EX , RB , IN NN|~|NULL
They did an excellent job , '' Mr. Phelan said of the specialists|~|Wall Street traders on Friday had complained about the trading suspensions|~|PRP VBD DT JJ NN , '' NNP NNP VBD IN DT NNS|~|NNP NNP NNS IN NNP VBD VBN IN DT NN NNS|~|NULL
Grinned Griffith Peck , a trader in Shearson Lehman Hutton Inc. 's OTC department : `` I tell you , this market acts healthy|~|Around him , scores of traders seemed to get a burst of energy ; their boss broke out bottles of Perrier water to cool them off|~|VBD NNP NNP , DT NN IN NNP NNP NNP NNP POS NNP NN : `` PRP VB PRP , DT NN VBZ JJ|~|IN PRP , NNS IN NNS VBD TO VB DT NN IN NN : PRP$ NN VBD RP NNS IN NNP NN TO VB PRP RP|~|NULL
There was n't a lot of panic selling , either domestically or internationally|~|Not like Friday where they just took -LCB- the market -RCB- apart|~|EX VBD RB DT NN IN NN NN , DT RB CC RB|~|RB IN NNP WRB PRP RB VBD -LRB- DT NN -RRB- RB|~|NULL
Mr. Phelan expressed relief that the market rebounded yesterday|~|Obviously , every time we get this kind of reaction , it 's going to make everybody nervous , including me , '' he said|~|NNP NNP VBD NN IN DT NN VBD NN|~|RB , DT NN PRP VBP DT NN IN NN , PRP VBZ VBG TO VB NN JJ , VBG PRP , '' PRP VBD|~|NULL
They did n't|~|The Dow accelerated its slide , losing 63.52 in the first 40 minutes of trading|~|PRP VBD RB|~|DT NNP VBD PRP$ NN , VBG CD IN DT JJ CD NNS IN NN|~|NULL
Trading in Walt Disney Co. particularly caught traders ' eyes|~|According to Big Board officials , Disney had one of the biggest sell-order imbalances on Friday ; it was one of the seven stocks that could n't finish trading that day|~|NN IN NNP NNP NNP RB VBD NNS POS NNS|~|VBG TO NNP NNP NNS , NNP VBD CD IN DT JJS JJ NNS IN NNP : PRP VBD CD IN DT CD NNS WDT MD RB VB NN DT NN|~|NULL
While the advance cheered investors who feared a 1987-style crash would occur yesterday , it was strictly a big-stock rally fed by huge buying by bargain-hunting institutions and program traders|~|A troubling sign : Declining stocks on the Big Board outnumbered advancers , 975 to 749 , and the over-the-counter market that includes many smaller stocks suffered aftershocks of Friday 's late Big Board plunge|~|IN DT NN VBD NNS WP VBD DT JJ NN MD VB NN , PRP VBD RB DT JJ NN VBN IN JJ NN IN NN NNS CC NN NNS|~|DT JJ NN : VBG NNS IN DT NNP NNP VBD NNS , CD TO CD , CC DT JJ NN WDT VBZ DT JJR NNS VBD NNS IN NNP POS JJ NNP NNP NN|~|NULL
And this time , it was n't just the program traders who were responsible|~|All the selling had pushed stocks to such cheap values that big investment banks and major money management firms started buying stocks heavily|~|CC DT NN , PRP VBD RB RB DT NN NNS WP VBD JJ|~|PDT DT NN VBD VBN NNS TO JJ JJ NNS IN JJ NN NNS CC JJ NN NN NNS VBD VBG NNS RB|~|NULL
At Donaldson , Lufkin & Jenrette Inc. , head equity trader Dudley Eppel said : `` I think the opening was constructive|~|It was orderly|~|IN NNP , NNP CC NNP NNP , NN NN NN NNP NNP VBD : `` PRP VBP DT NN VBD JJ|~|PRP VBD JJ|~|NULL
Spurred by waves of large-scale buying in blue-chip stocks , the Dow Jones Industrial Average rallied yesterday and erased about a half of Friday 's 190.58-point plunge , gaining 88.12 to 2657.38|~|It was the fourth-biggest advance for the average of 30 blue chips , on frenetic New York Stock Exchange volume of 416,290,000 shares -- the highest since the days after the 1987 crash|~|VBN IN NNS IN JJ NN IN JJ NNS , DT NNP NNP NNP NNP VBD NN CC VBD IN DT NN IN NNP POS JJ NN , VBG CD TO CD|~|PRP VBD DT JJ NN IN DT NN IN CD JJ NNS , IN JJ NNP NNP NNP NNP NN IN CD NNS : DT JJS IN DT NNS IN DT CD NN|~|NULL
Many market makers in the S&P 100 index options contract had bullish positions Friday , and when the shutdown came they were frozen with huge losses|~|Over the weekend , clearing firms told the Chicago market makers to get out of their positions at any cost Monday morning|~|JJ NN NNS IN DT NNP CD NN NNS NN VBD JJ NNS NNP , CC WRB DT NN VBD PRP VBD VBN IN JJ NNS|~|IN DT NN , NN NNS VBD DT NNP NN NNS TO VB RB IN PRP$ NNS IN DT NN NNP NN|~|NULL
We put some orders together|~|There was n't a lot of panic selling , either domestically or internationally|~|PRP VBD DT NNS RB|~|EX VBD RB DT NN IN NN NN , DT RB CC RB|~|NULL
But most of the 30 blue-chip stocks in the average , including Eastman Kodak and General Motors , could n't trade because of the heavy backlog of sell orders left over from Friday 's late-afternoon rout|~|At 9:45 , Procter & Gamble -- one of the most important Dow bellwethers of late -- opened down 2 3\/4 to 117|~|CC JJS IN DT CD JJ NNS IN DT NN , VBG NNP NNP CC NNP NNPS , MD RB VB IN IN DT JJ NN IN JJ NNS VBN RP IN NNP POS JJ NN|~|IN CD , NNP CC NNP : CD IN DT RBS JJ NNP NNS IN RB : VBD RB CD CD TO CD|~|NULL
Roland M. Machold , director of the New Jersey Division of Investment , which oversees $ 29 billion in investments , said the `` first thing we did was to double our orders '' yesterday morning|~|With the market down like this , we 'll probably take another $ 50 million and put it in '' the market|~|NNP NNP NNP , NN IN DT NNP NNP NNP IN NNP , WDT VBZ $ CD CD IN NNS , VBD DT `` JJ NN PRP VBD VBD TO VB PRP$ NNS '' NN NN|~|IN DT NN IN IN DT , PRP MD RB VB DT $ CD CD CC VB PRP IN '' DT NN|~|NULL
But not everybody was making money|~|The carnage on the Chicago Board Options Exchange , the nation 's major options market , was heavy after the trading in S&P 100 stock-index options was halted Friday|~|CC RB NN VBD VBG NN|~|DT NN IN DT NNP NNP NNPS NNP , DT NN POS JJ NNS NN , VBD JJ IN DT NN IN NNP CD NN NNS VBD VBN NNP|~|NULL
According to a Big Board official , while many stocks opened late , there were subsequent trading halts in only three issues -- AMR , Merck and Valero Energy|~|Merck is one of the most important stocks in the Major Market Index|~|VBG TO DT NNP NNP NN , IN JJ NNS VBD RB , EX VBD JJ NN NNS IN RB CD NNS : NNP , NNP CC NNP NNP|~|NNP VBZ CD IN DT RBS JJ NNS IN DT NNP NNP NNP|~|NULL
There was heavy stock-index arbitrage , as traders sold big baskets of stock and bought stock-index futures to profit from the price discrepancies between the two markets|~|This was a hangover from Friday , when Standard & Poor 's 500-stock index futures had closed at a sharp discount to stocks|~|EX VBD JJ NN NN , IN NNS VBD JJ NNS IN NN CC VBD NN NNS TO VB IN DT NN NNS IN DT CD NNS|~|DT VBD DT NN IN NNP , WRB NNP CC NNP POS JJ NN NNS VBD VBN IN DT JJ NN TO NNS|~|NULL
Overall , `` this is a pleasant rally but it 's very selective , '' said Arthur Cashin Jr. , a veteran PaineWebber Inc. trader at the Big Board|~|Everyone was a little concerned about the general narrowness of the rally and failure of the OTC market to get into plus territory|~|RB , `` DT VBZ DT JJ NN CC PRP VBZ RB JJ , '' VBD NNP NNP NNP , DT JJ NNP NNP NN IN DT NNP NNP|~|NN VBD DT JJ JJ IN DT JJ NN IN DT NN CC NN IN DT NNP NN TO VB IN NN NN|~|NULL
A troubling sign : Declining stocks on the Big Board outnumbered advancers , 975 to 749 , and the over-the-counter market that includes many smaller stocks suffered aftershocks of Friday 's late Big Board plunge|~|The Nasdaq OTC index closed down 6.31 to 460.98|~|DT JJ NN : VBG NNS IN DT NNP NNP VBD NNS , CD TO CD , CC DT JJ NN WDT VBZ DT JJR NNS VBD NNS IN NNP POS JJ NNP NNP NN|~|DT NNP NNP NN VBD RB CD TO CD|~|NULL
Transports plunged on takeover disappointments in two airline stocks , UAL and AMR , which each fell more than 20 % when they reopened for trading yesterday after being suspended Friday afternoon|~|UAL , the takeover stock at the center of Friday 's 190.58-point market plunge , fell 56 7\/8 to 222 7\/8 on nearly 2.3 million shares|~|NNS VBD IN NN NNS IN CD NN NNS , NNP CC NNP , WDT DT VBD JJR IN CD NN WRB PRP VBD IN NN NN IN VBG VBN NNP NN|~|NNP , DT NN NN IN DT NN IN NNP POS JJ NN NN , VBD CD CD TO CD CD IN RB CD CD NNS|~|NULL
It 's just a strange feeling|~|I do n't think anyone left the place whistling Dixie|~|PRP VBZ RB DT JJ NN|~|PRP VBP RB VB NN VBD DT NN VBG NNP|~|NULL
It was the opposite of what happened on Oct. 19|~|They used their judgment|~|PRP VBD DT NN IN WP VBD IN NNP CD|~|PRP VBD PRP$ NN|~|NULL
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 , '' said Donaldson 's Mr. Eppel , who had been critical of the specialists ' performance on Friday|~|According to a Big Board official , while many stocks opened late , there were subsequent trading halts in only three issues -- AMR , Merck and Valero Energy|~|CC NN , RB IN NNS IN JJ JJ JJ NNS IN NNP , `` PRP VBD -LRB- DT NNS -RRB- CC PRP VBD RB RB JJ , '' VBD NNP POS NNP NNP , WP VBD VBN JJ IN DT NNS POS NN IN NNP|~|VBG TO DT NNP NNP NN , IN JJ NNS VBD RB , EX VBD JJ NN NNS IN RB CD NNS : NNP , NNP CC NNP NNP|~|NULL
However , according to one analyst , the timing of Major Market Index futures buying just before the turnaround was similar to that of Terrible Tuesday|~|Futures were pulling the stock market higher , '' said Donald Selkin , head of stock-index futures research at Prudential-Bache Securities Inc|~|RB , VBG TO CD NN , DT NN IN NNP NNP NNP NNS NN RB IN DT NN VBD JJ TO DT IN NNP NNP|~|NNS VBD VBG DT NN NN JJR , '' VBD NNP NNP , NN IN NN NNS NN IN NNP NNPS NNP|~|NULL
Among other major issues , Coca-Cola Co. closed up 2 at 66 3\/4 on 1.7 million shares and American Telephone & Telegraph rose 3 1\/4 to 43 on nearly 7.8 million shares|~|Shares of International Business Machines , which reported earnings yesterday , finished at 103 , up 1 , after slipping below 100 during Friday 's session for the first time in five years|~|IN JJ JJ NNS , NNP NNP VBD RB CD IN CD CD IN CD CD NNS CC NNP NNP CC NNP VBD CD CD TO CD IN RB CD CD NNS|~|NNS IN NNP NNP NNPS , WDT VBD NNS NN , VBD IN CD , RB CD , IN VBG IN CD IN NNP POS NN IN DT JJ NN IN CD NNS|~|NULL
This was a hangover from Friday , when Standard & Poor 's 500-stock index futures had closed at a sharp discount to stocks|~|The onslaught of the program selling dashed any hopes that some of the big program trading firms would hold off until the market stabilized|~|DT VBD DT NN IN NNP , WRB NNP CC NNP POS JJ NN NNS VBD VBN IN DT JJ NN TO NNS|~|DT NN IN DT NN NN VBD DT NNS IN DT IN DT JJ NN NN NNS MD VB RP IN DT NN VBD|~|NULL
Everyone was a little concerned about the general narrowness of the rally and failure of the OTC market to get into plus territory|~|It 's just a strange feeling|~|NN VBD DT JJ JJ IN DT JJ NN IN DT NN CC NN IN DT NNP NN TO VB IN NN NN|~|PRP VBZ RB DT JJ NN|~|NULL
Meanwhile , Peter DaPuzzo , Shearson 's head of retail equity trading , praised institutional investors in the OTC market , who were heavy buyers of the Nasdaq 's biggest technology issues yesterday amid a flood of selling by other investors|~|The institutions ca n't be criticized for their behavior , '' Mr. DaPuzzo said in an interview|~|RB , NNP NNP , NNP POS NN IN JJ NN NN , VBD JJ NNS IN DT NNP NN , WP VBD JJ NNS IN DT NNP POS JJS NN NNS NN IN DT NN IN NN IN JJ NNS|~|DT NNS MD RB VB VBN IN PRP$ NN , '' NNP NNP VBD IN DT NN|~|NULL
On the Big Board floor and on trading desks , traders yelped their approval|~|Grinned Griffith Peck , a trader in Shearson Lehman Hutton Inc. 's OTC department : `` I tell you , this market acts healthy|~|IN DT NNP NNP NN CC IN NN NNS , NNS VBD PRP$ NN|~|VBD NNP NNP , DT NN IN NNP NNP NNP NNP POS NNP NN : `` PRP VB PRP , DT NN VBZ JJ|~|NULL
They used their judgment|~|They did n't panic during the first round of selling this morning|~|PRP VBD PRP$ NN|~|PRP VBD RB VB IN DT JJ NN IN VBG DT NN|~|NULL
Mr. Phelan said that program trading strategies were n't responsible for triggering Friday 's decline despite a jump in the use of the computer-driven strategies in recent months|~|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 , were program-related , he said|~|NNP NNP VBD IN NN NN NNS VBD RB JJ IN VBG NNP POS NN IN DT NN IN DT NN IN DT JJ NNS IN JJ NNS|~|DT CD CD IN DT JJR IN CD CD NNS VBN IN DT JJ CD NNS IN NNP POS NN , WRB DT NN IN NN NNS VBD VBN , VBD JJ , PRP VBD|~|NULL
Shares of three brokerage firms rose after they reported earnings|~|Merrill Lynch added 1 3\/4 to 28 , PaineWebber rose 3\/4 to 18 1\/2 and Bear Stearns rose 3\/8 to 14 1\/4|~|NNS IN CD NN NNS VBD IN PRP VBD NNS|~|NNP NNP VBD CD CD TO CD , NNP VBD CD TO CD CD CC NNP NNP VBD CD TO CD CD|~|NULL
Obviously , every time we get this kind of reaction , it 's going to make everybody nervous , including me , '' he said|~|He said that exchange officials had conversations with Wall Street firms throughout the weekend and that `` all the participants behaved very , very responsibly today|~|RB , DT NN PRP VBP DT NN IN NN , PRP VBZ VBG TO VB NN JJ , VBG PRP , '' PRP VBD|~|PRP VBD IN NN NNS VBD NNS IN NNP NNP NNS IN DT NN CC IN `` PDT DT NNS VBD RB , RB RB NN|~|NULL
Then , to make matters worse , computerized sell programs kicked in , hammering stocks into steeper losses|~|There was heavy stock-index arbitrage , as traders sold big baskets of stock and bought stock-index futures to profit from the price discrepancies between the two markets|~|RB , TO VB NNS JJR , JJ NN NNS VBD IN , VBG NNS IN JJR NNS|~|EX VBD JJ NN NN , IN NNS VBD JJ NNS IN NN CC VBD NN NNS TO VB IN DT NN NNS IN DT CD NNS|~|NULL
The onslaught of the program selling dashed any hopes that some of the big program trading firms would hold off until the market stabilized|~|They did n't|~|DT NN IN DT NN NN VBD DT NNS IN DT IN DT JJ NN NN NNS MD VB RP IN DT NN VBD|~|PRP VBD RB|~|NULL
The institutions ca n't be criticized for their behavior , '' Mr. DaPuzzo said in an interview|~|It was the opposite of what happened on Oct. 19|~|DT NNS MD RB VB VBN IN PRP$ NN , '' NNP NNP VBD IN DT NN|~|PRP VBD DT NN IN WP VBD IN NNP CD|~|NULL
James Gallagher , a partner at specialist Fowler & Rosenau , said , `` 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 and get the program rally started|~|This time -LCB- institutions -RCB- saw the programs coming and backed away and backed away|~|NNP NNP , DT NN IN NN NNP CC NNP , VBD , `` DT NN IN NN CC CD NNS RB '' : `` NN NNP , '' NNP CD , CD : `` VBZ IN RB PRP VBD DT NN TO VB IN DT NNP NNP NNP , VB $ CD CD CC VB DT NN NN VBD|~|DT NN -LRB- NNS -RRB- VBD DT NNS VBG CC VBD RB CC VBN RB|~|NULL
But shortly before then , some of Wall Street 's sharpest traders say , they sensed a turn|~|The first thing that caught my eye that was encouraging was Treasury bonds were off , '' says Austin George , head of stock trading at T. Rowe Price|~|CC RB IN RB , DT IN NNP NNP POS JJS NNS VBP , PRP VBD DT NN|~|DT JJ NN WDT VBD PRP$ NN WDT VBD JJ VBD NNP NNS VBD RP , '' VBZ NNP NNP , NN IN NN NN IN NNP NNP NNP|~|NULL
While Mayor Norman found the market 's performance Monday reassuring , he says , he remains uneasy|~|We have half the experts saying one thing and half the other '' about the course of the economy|~|IN NNP NNP VBD DT NN POS NN NNP VBG , PRP VBZ , PRP VBZ JJ|~|PRP VBP DT DT NNS VBG CD NN CC DT DT JJ '' IN DT NN IN DT NN|~|NULL
The relative calm in Tokyo proved little comfort to markets opening up in Europe|~|Frankfurt 's opening was delayed a half hour because of a crush of sell orders|~|DT JJ NN IN NNP VBD JJ NN TO NNS VBG RP IN NNP|~|NNP POS NN VBD VBN DT JJ NN IN IN DT NN IN JJ NNS|~|NULL
In London , a midday rally left the market 's major index off 3.2 % , and Tokyo 's leading stock index fell only 1.8 % in surprisingly lackluster trading|~|Other , more thinly traded Asian markets were hit harder than Tokyo 's , but there were no free-fall declines|~|IN NNP , DT NN NN VBD DT NN POS JJ NN IN CD NN , CC NNP POS VBG NN NN VBD RB CD NN IN RB JJ NN|~|JJ , RBR RB VBN JJ NNS VBD VBN RBR IN NNP POS , CC EX VBD DT JJ NNS|~|NULL
So investors everywhere nervously eyed yesterday 's opening in Tokyo , where the Nikkei average of 225 blue-chip stocks got off to a rocky start|~|The average plunged some 600 points , or 1.7 % , in the first 20 minutes of trading|~|IN NNS RB RB VBP NN POS NN IN NNP , WRB DT NNP NN IN CD JJ NNS VBD RB TO DT JJ NN|~|DT NN VBD DT CD NNS , CC CD NN , IN DT JJ CD NNS IN NN|~|NULL
I see concern , but I do n't see panic , '' says J. Francis Palamara , a New Yorker who runs the 15-trader office|~|London 's blue-chip stock index turned up just before 8 a.m . New York time , sending an encouraging message to Wall Street|~|PRP VBP NN , CC PRP VBP RB VB NN , '' VBZ NNP NNP NNP , DT NNP NNP WP VBZ DT JJ NN|~|NNP POS JJ NN NN VBD RP RB IN CD RB . NNP NNP NN , VBG DT JJ NN TO NNP NNP|~|NULL
Says Gordon Fines , a money manager at IDS Financial Services in Minneapolis , `` You 're on a roller coaster , and that may last|~|The public is still cautious|~|VBZ NNP NNP , DT NN NN IN NNP NNP NNPS IN NNP , `` PRP VBP IN DT NN NN , CC DT MD VB|~|DT NN VBZ RB JJ|~|NULL
The carnage on the Chicago Board Options Exchange , the nation 's major options market , was heavy after the trading in S&P 100 stock-index options was halted Friday|~|Many market makers in the S&P 100 index options contract had bullish positions Friday , and when the shutdown came they were frozen with huge losses|~|DT NN IN DT NNP NNP NNPS NNP , DT NN POS JJ NNS NN , VBD JJ IN DT NN IN NNP CD NN NNS VBD VBN NNP|~|JJ NN NNS IN DT NNP CD NN NNS NN VBD JJ NNS NNP , CC WRB DT NN VBD PRP VBD VBN IN JJ NNS|~|NULL
World-wide , trading was generally manageable|~|The Frankfurt stock exchange was hardest hit of the major markets , with blue chips there falling 12.8 %|~|JJ , NN VBD RB JJ|~|DT NNP NN NN VBD RBS VBN IN DT JJ NNS , IN JJ NNS RB VBG CD NN|~|NULL
Futures markets in Chicago had opened at a level suggesting the Dow would fall by about 60 points|~|With sell orders piled up from Friday , about half the stocks in the Dow could n't open on time|~|NNS NNS IN NNP VBD VBN IN DT NN VBG DT NNP MD VB IN IN CD NNS|~|IN JJ NNS VBN RP IN NNP , IN PDT DT NNS IN DT NNP MD RB VB IN NN|~|NULL
As trading opened yesterday morning on the Big Board , stocks of many of the nation 's biggest companies could n't open for trading because a wave of sell orders was overwhelming buyers|~|By 10:10 , the Dow Industrials were off 63.52 points , and the stock of UAL Corp. , whose troubles had kicked off Friday 's plunge , still had n't opened|~|IN NN VBD NN NN IN DT NNP NNP , NNS IN JJ IN DT NN POS JJS NNS MD RB VB IN NN IN DT NN IN JJ NNS VBD JJ NNS|~|IN CD , DT NNP NNP VBD RB CD NNS , CC DT NN IN NNP NNP , WP$ NNS VBD VBN RP NNP POS NN , RB VBD RB VBN|~|NULL
A computer screen displaying 100 blue-chip stocks colors each one red when its price is falling|~|The screen was a sea of red|~|DT NN NN VBG CD JJ NNS NNS DT CD NN WRB PRP$ NN VBZ VBG|~|DT NN VBD DT NN IN NN|~|NULL
By 10 a.m. , it was down 49|~|Ten minutes later , the Dow hit bottom - down 63.52 points , another 2.5 %|~|IN CD RB , PRP VBD RB CD|~|CD NNS RB , DT NNP VBD NN : RB CD NNS , DT CD NN|~|NULL
Typical , perhaps , was Batterymarch 's Dean LeBaron|~|Mr. LeBaron , who manages $ 10 billion , says , `` We turned the trading system on , and it did whatever it was programmed to do|~|JJ , RB , VBD NNP POS NNP NNP|~|NNP NNP , WP VBZ $ CD CD , VBZ , `` PRP VBD DT NN NN RP , CC PRP VBD WDT PRP VBD VBN TO VB|~|NULL
Meanwhile , a test of the stock market 's rally came at about 2 p.m. , with the Dow at 2600 , up 31 points on the day|~|Charles Clough , a strategist at Merrill Lynch , says bargain hunting had explained the Dow 's strength up to that point and that many market professionals were anticipating a drop in the Dow|~|RB , DT NN IN DT NN NN POS NN VBD IN IN CD NN , IN DT NNP IN CD , RB CD NNS IN DT NN|~|NNP NNP , DT NN IN NNP NNP , VBZ NN NN VBD VBN DT NNP POS NN IN TO DT NN CC IN JJ NN NNS VBD VBG DT NN IN DT NNP|~|NULL
Many other factors played a part in yesterday 's comeback|~|The Federal Reserve signaled its willingness to provide liquidity ; the interest rate on its loans to major banks inched downward early in the day|~|JJ JJ NNS VBD DT NN IN NN POS NN|~|DT NNP NNP VBD PRP$ NN TO VB NN : DT NN NN IN PRP$ NNS TO JJ NNS VBD RB RB IN DT NN|~|NULL
Foreign stock markets , which kicked off Black Monday with a huge selling spree , began the day off by relatively modest amounts|~|The dollar , after falling sharply in overnight trading to 139.10 yen , bounced back strongly to 141.8 , thus easing fears that foreigners would unload U.S. stocks|~|JJ NN NNS , WDT VBD IN NNP NNP IN DT JJ NN NN , VBD DT NN RP IN RB JJ NNS|~|DT NN , IN VBG RB IN JJ NN TO CD NN , VBD RB RB TO CD , RB VBG NNS IN NNS MD VB NNP NNS|~|NULL
Unlike two years ago , most of Japan 's major investors chose to sit this calamity out|~|In Merrill Lynch & Co. 's Tokyo trading room , some 40 traders and assistants sat quietly , with few orders to process|~|IN CD NNS RB , JJS IN NNP POS JJ NNS VBD TO VB DT NN RP|~|IN NNP NNP CC NNP POS NNP NN NN , DT CD NNS CC NNS VBD RB , IN JJ NNS TO NN|~|NULL
Frankfurt 's opening was delayed a half hour because of a crush of sell orders|~|The beginning was chaotic , '' says Nigel Longley , a broker for Commerzbank|~|NNP POS NN VBD VBN DT JJ NN IN IN DT NN IN JJ NNS|~|DT NN VBD JJ , '' VBZ NNP NNP , DT NN IN NNP|~|NULL
The first thing that caught my eye that was encouraging was Treasury bonds were off , '' says Austin George , head of stock trading at T. Rowe Price|~|It meant that people were n't running pell-mell to the safety of bonds|~|DT JJ NN WDT VBD PRP$ NN WDT VBD JJ VBD NNP NNS VBD RP , '' VBZ NNP NNP , NN IN NN NN IN NNP NNP NNP|~|PRP VBD IN NNS VBD RB VBG RB TO DT NN IN NNS|~|NULL
By 9:45 , the industrial average had dropped 27 points|~|By 10 a.m. , it was down 49|~|IN CD , DT JJ NN VBD VBN CD NNS|~|IN CD RB , PRP VBD RB CD|~|NULL
In London , the view from the trading floor of an American securities firm , Jefferies & Co. , also was troubling|~|A computer screen displaying 100 blue-chip stocks colors each one red when its price is falling|~|IN NNP , DT NN IN DT NN NN IN DT JJ NNS NN , NNP CC NNP , RB VBD JJ|~|DT NN NN VBG CD JJ NNS NNS DT CD NN WRB PRP$ NN VBZ VBG|~|NULL
The Frankfurt stock exchange was hardest hit of the major markets , with blue chips there falling 12.8 %|~|In London , a midday rally left the market 's major index off 3.2 % , and Tokyo 's leading stock index fell only 1.8 % in surprisingly lackluster trading|~|DT NNP NN NN VBD RBS VBN IN DT JJ NNS , IN JJ NNS RB VBG CD NN|~|IN NNP , DT NN NN VBD DT NN POS JJ NN IN CD NN , CC NNP POS VBG NN NN VBD RB CD NN IN RB JJ NN|~|NULL
The screen was a sea of red|~|I see concern , but I do n't see panic , '' says J. Francis Palamara , a New Yorker who runs the 15-trader office|~|DT NN VBD DT NN IN NN|~|PRP VBP NN , CC PRP VBP RB VB NN , '' VBZ NNP NNP NNP , DT NNP NNP WP VBZ DT JJ NN|~|NULL
Not everybody was making money|~|The carnage on the Chicago Board Options Exchange , the nation 's major options market , was heavy after the trading in S&P 100 stock-index options was halted Friday|~|RB NN VBD VBG NN|~|DT NN IN DT NNP NNP NNPS NNP , DT NN POS JJ NNS NN , VBD JJ IN DT NN IN NNP CD NN NNS VBD VBN NNP|~|NULL
Among those sighing with relief was John H. Gutfreund , chairman of Salomon Brothers , who took to the firm 's trading floor to monitor yesterday 's events|~|As the rally gained strength at 3:15 p.m. , he smiled broadly , brandished his unlit cigar and slapped Stanley Shopkorn , his top stock trader , on the back|~|IN DT VBG IN NN VBD NNP NNP NNP , NN IN NNP NNPS , WP VBD TO DT NN POS NN NN TO VB NN POS NNS|~|IN DT NN VBD NN IN CD NN , PRP VBD RB , VBD PRP$ NN NN CC VBD NNP NNP , PRP$ JJ NN NN , IN DT NN|~|NULL
By 10:25 , the Dow had turned up for the day , prompting cheers on trading desks and exchange floors|~|Among Big Board specialists , the cry was `` Pull your offers '' -- meaning that specialists soon expected to get higher prices for their shares|~|IN CD , DT NNP VBD VBN RP IN DT NN , VBG NNS IN NN NNS CC NN NNS|~|IN NNP NNP NNS , DT NN VBD `` IN PRP$ NNS '' : VBG IN NNS RB VBD TO VB JJR NNS IN PRP$ NNS|~|NULL
Stephen Boesel , a major money manager for T. Rowe Price in Baltimore , says , `` There was less panic than in 1987 : We had been through it once|~|In Somerset , Wis. , Adrian Sween , who owns a supplier of nursing-home equipment and is n't active in the stock market , agrees|~|NNP NNP , DT JJ NN NN IN NNP NNP NNP IN NNP , VBZ , `` EX VBD JJR NN IN IN CD : PRP VBD VBN IN PRP RB|~|IN NNP , NNP , NNP NNP , WP VBZ DT NN IN NN NN CC VBZ RB JJ IN DT NN NN , VBZ|~|NULL
By the market 's close , volume on the New York exchange totaled more than 416 million , the fourth highest on record|~|The Big Board handled the huge volume without any obvious strain , in sharp contrast to Black Monday of 1987|~|IN DT NN POS NN , NN IN DT NNP NNP NN VBD JJR IN CD CD , DT JJ JJS IN NN|~|DT NNP NNP VBD DT JJ NN IN DT JJ NN , IN JJ NN TO NNP NNP IN CD|~|NULL
At first , it seemed as if history might repeat itself|~|As trading opened yesterday morning on the Big Board , stocks of many of the nation 's biggest companies could n't open for trading because a wave of sell orders was overwhelming buyers|~|IN NN , PRP VBD IN IN NN MD VB PRP|~|IN NN VBD NN NN IN DT NNP NNP , NNS IN JJ IN DT NN POS JJS NNS MD RB VB IN NN IN DT NN IN JJ NNS VBD JJ NNS|~|NULL
But then , as quickly as the Dow had fallen , it began to turn around|~|It ended with a gain of 88.12 points|~|CC RB , RB RB IN DT NNP VBD VBN , PRP VBD TO VB RP|~|PRP VBD IN DT NN IN CD NNS|~|NULL
Still , amid all the backslapping and signs of relief over yesterday 's events , some market professionals cautioned that there is nothing present in the current market system to prevent another dizzying drop such as Friday 's|~|There is too much complacency , '' says money manager Barry Schrager|~|RB , IN PDT DT NN CC NNS IN NN IN NN POS NNS , DT NN NNS VBD IN EX VBZ NN RB IN DT JJ NN NN TO VB DT JJ NN JJ IN NNP POS|~|EX VBZ RB JJ NN , '' VBZ NN NN NNP NNP|~|NULL
Rally , rally , rally , '' shouted Shearson 's Andy Rosen|~|This is panic buying|~|NNP , VB , VBP , '' VBD NNP POS NNP NNP|~|DT VBZ NN NN|~|NULL
The Dow Jones Industrial Average jumped sharply yesterday to close at 2657.38 , panic did n't sweep the world 's markets , and investors large and small seemed to accept Friday 's dizzying 190-point plunge as a sharp correction , not a calamity|~|Many went bargain-hunting|~|DT NNP NNP NNP NNP VBD RB NN TO VB IN CD , NN VBD RB VB DT NN POS NNS , CC NNS JJ CC JJ VBD TO VB NNP POS JJ JJ NN IN DT JJ NN , RB DT NN|~|JJ VBD NN|~|NULL
Investors big and small say 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|~|What 's more , such short-term cataclysms are survivable and are no cause for panic selling|~|NNS JJ CC JJ VBP PRP VBD JJ NNS IN DT CD NN : IN DT NN IN JJ NN , JJ NNS CC NNS IN DT JJ NNS POS NN MD VB VBN|~|WP VBZ JJR , JJ JJ NNS VBP JJ CC VBP DT NN IN NN NN|~|NULL
Across the country , many people took yesterday 's events in stride , while remaining generally uneasy about the stock market in general|~|Says James Norman , the mayor of Ava , Mo. : `` I do n't invest in stocks|~|IN DT NN , JJ NNS VBD NN POS NNS IN NN , IN VBG RB JJ IN DT NN NN IN JJ|~|VBZ NNP NNP , DT NN IN NNP , NNP : `` PRP VBP RB VB IN NNS|~|NULL
I much prefer money I can put my hands on|~|While Mayor Norman found the market 's performance Monday reassuring , he says , he remains uneasy|~|PRP RB VBP NN PRP MD VB PRP$ NNS RP|~|IN NNP NNP VBD DT NN POS NN NNP VBG , PRP VBZ , PRP VBZ JJ|~|NULL
Shearson 's London trading room went wild|~|Traders shouted out as their Reuters , Quotron and Telerate screens posted an ever-narrowing loss on Wall Street|~|NNP POS NNP NN NN VBD JJ|~|NNS VBD IN IN PRP$ NNS , NN CC NNP NNS VBD DT JJ NN IN NNP NNP|~|NULL
It was bedlam on the upside , '' said one Big Board specialist|~|What we had was a real , old-fashioned rally|~|PRP VBD JJ IN DT NN , '' VBD CD NNP NNP NN|~|WP PRP VBD VBD DT JJ , JJ NN|~|NULL
With sell orders piled up from Friday , about half the stocks in the Dow could n't open on time|~|By 9:45 , the industrial average had dropped 27 points|~|IN JJ NNS VBN RP IN NNP , IN PDT DT NNS IN DT NNP MD RB VB IN NN|~|IN CD , DT JJ NN VBD VBN CD NNS|~|NULL
Japanese were said to be heavy buyers|~|German and Dutch investors reportedly loaded up on Kellogg Co|~|JJ VBD VBD TO VB JJ NNS|~|JJ CC JJ NNS RB VBD RP IN NNP NNP|~|NULL
Then , nine minutes later , Wall Street suddenly rebounded to a gain on the day|~|Rally , rally , rally , '' shouted Shearson 's Andy Rosen|~|RB , CD NNS RB , NNP NNP RB VBD TO DT NN IN DT NN|~|NNP , VB , VBP , '' VBD NNP POS NNP NNP|~|NULL
This technical strength spurred buying from Wall Street 's `` black boxes , '' computer programs designed to trigger large stock purchases during bullish periods|~|Typical , perhaps , was Batterymarch 's Dean LeBaron|~|DT JJ NN VBD NN IN NNP NNP POS `` JJ NNS , '' NN NNS VBN TO VB JJ NN NNS IN JJ NNS|~|JJ , RB , VBD NNP POS NNP NNP|~|NULL
In Somerset , Wis. , Adrian Sween , who owns a supplier of nursing-home equipment and is n't active in the stock market , agrees|~|I look at it as a ho-hum matter , '' he says|~|IN NNP , NNP , NNP NNP , WP VBZ DT NN IN NN NN CC VBZ RB JJ IN DT NN NN , VBZ|~|PRP VBP IN PRP IN DT JJ NN , '' PRP VBZ|~|NULL
Instead , the rally only paused for about 25 minutes and then steamed forward as institutions resumed buying|~|The market closed minutes after reaching its high for the day of|~|RB , DT NN RB VBD IN RB CD NNS CC RB VBD RB IN NNS VBD NN|~|DT NN VBD NNS IN VBG PRP$ NN IN DT NN IN|~|NULL
When trading opened in New York at 9:30 a.m. EDT , stocks fell sharply -- as expected|~|Futures markets in Chicago had opened at a level suggesting the Dow would fall by about 60 points|~|WRB NN VBD IN NNP NNP IN CD RB NNP , NNS VBD RB : IN VBN|~|NNS NNS IN NNP VBD VBN IN DT NN VBG DT NNP MD VB IN IN CD NNS|~|NULL
This is panic buying|~|Major blue-chip stocks like Philip Morris , General Motors and Proctor & Gamble led the rally|~|DT VBZ NN NN|~|JJ JJ NNS IN NNP NNP , NNP NNPS CC NNP CC NNP VBD DT NN|~|NULL
In Merrill Lynch & Co. 's Tokyo trading room , some 40 traders and assistants sat quietly , with few orders to process|~|Clients `` are all staying out '' of the market , one Merrill trader says|~|IN NNP NNP CC NNP POS NNP NN NN , DT CD NNS CC NNS VBD RB , IN JJ NNS TO NN|~|NNS `` VBP DT VBG RP '' IN DT NN , CD NNP NN VBZ|~|NULL
Says James Norman , the mayor of Ava , Mo. : `` I do n't invest in stocks|~|I much prefer money I can put my hands on|~|VBZ NNP NNP , DT NN IN NNP , NNP : `` PRP VBP RB VB IN NNS|~|PRP RB VBP NN PRP MD VB PRP$ NNS RP|~|NULL
Many market makers in the S&P 100 index options contract had bullish positions Friday , and when the shutdown came they were frozen with huge losses|~|Over the weekend , clearing firms told the Chicago market makers to get out of their positions at any cost Monday morning|~|JJ NN NNS IN DT NNP CD NN NNS NN VBD JJ NNS NNP , CC WRB DT NN VBD PRP VBD VBN IN JJ NNS|~|IN DT NN , NN NNS VBD DT NNP NN NNS TO VB RB IN PRP$ NNS IN DT NN NNP NN|~|NULL
The Federal Reserve signaled its willingness to provide liquidity ; the interest rate on its loans to major banks inched downward early in the day|~|Foreign stock markets , which kicked off Black Monday with a huge selling spree , began the day off by relatively modest amounts|~|DT NNP NNP VBD PRP$ NN TO VB NN : DT NN NN IN PRP$ NNS TO JJ NNS VBD RB RB IN DT NN|~|JJ NN NNS , WDT VBD IN NNP NNP IN DT JJ NN NN , VBD DT NN RP IN RB JJ NNS|~|NULL
Mr. LeBaron , who manages $ 10 billion , says , `` We turned the trading system on , and it did whatever it was programmed to do|~|Asked what stocks the computer bought , the money manager says , `` I do n't know|~|NNP NNP , WP VBZ $ CD CD , VBZ , `` PRP VBD DT NN NN RP , CC PRP VBD WDT PRP VBD VBN TO VB|~|VBN WDT NNS DT NN VBD , DT NN NN VBZ , `` PRP VBP RB VB|~|NULL
The MMI has gone better , '' shouted a trader in the London office of Shearson Lehman Hutton|~|Shearson 's London trading room went wild|~|DT NNP VBZ VBN RB , '' VBD DT NN IN DT NNP NN IN NNP NNP NNP|~|NNP POS NNP NN NN VBD JJ|~|NULL
The spokesman said Laidlaw would n't increase its stake in ADT beyond 30 % `` without a great deal of thought '' because of British takeover regulations that require a company acquiring more than 30 % to extend an offer to the rest of the company 's shareholders|~|ADT , a security services and auctions company , trades on London 's Stock Exchange|~|DT NN VBD NNP MD RB VB PRP$ NN IN NNP IN CD NN `` IN DT JJ NN IN NN '' IN IN JJ NN NNS WDT VBP DT NN VBG JJR IN CD NN TO VB DT NN TO DT NN IN DT NN POS NNS|~|NNP , DT NN NNS CC NNS NN , VBZ IN NNP POS NNP NNP|~|NULL
Moody 's Investors Service Inc. said it reduced its rating on $ 281 million of senior and subordinated debt of this thrift holding company , to C from Ca , saying it believes bondholders will recover only `` negligible principal|~|The agency said it confirmed American Continental 's preferred stock rating at|~|NNP POS NNPS NNP NNP VBD PRP VBD PRP$ NN IN $ CD CD IN JJ CC JJ NN IN DT NN VBG NN , TO NNP IN JJ , VBG PRP VBZ NNS MD VB JJ `` JJ NN|~|DT NN VBD PRP VBD NNP NNP POS VBN NN NN IN|~|NULL
The agency said it confirmed American Continental 's preferred stock rating at|~|American Continental 's thrift unit , Los Angeles-based Lincoln Savings & Loan Association , is in receivership and the parent company has filed for protection from creditor lawsuits under Chapter 11 of the federal Bankruptcy Code|~|DT NN VBD PRP VBD NNP NNP POS VBN NN NN IN|~|NNP NNP POS NN NN , NNP JJ NNP NNP CC NNP NNP , VBZ IN NN CC DT NN NN VBZ VBN IN NN IN NN NNS IN NNP CD IN DT JJ NNP NNP|~|NULL
The rating agency said about $ 85 million in securities was affected|~|The downgrades were prompted , Moody 's said , by the continuing turmoil in the junk bond market and the suspension of dividends on CenTrust 's preferred stock|~|DT NN NN VBD IN $ CD CD IN NNS VBD VBN|~|DT NNS VBD VBN , NNP POS VBD , IN DT VBG NN IN DT NN NN NN CC DT NN IN NNS IN NNP POS JJ NN|~|NULL
The rating agency also reduced the ratings for long-term deposits to B-3 from Ba-3 and for preferred stock to Ca from Caa|~|The rating agency said about $ 85 million in securities was affected|~|DT NN NN RB VBD DT NNS IN JJ NNS TO JJ IN NN CC IN JJ NN TO JJ IN JJ|~|DT NN NN VBD IN $ CD CD IN NNS VBD VBN|~|NULL
CENTRUST SAVINGS BANK -LRB- Miami|~|Moody 's Investors Service Inc. downgraded its ratings on the subordinated debt of CenTrust to Caa from B-3|~|NNP NNP NNP -LRB- NNP|~|NNP POS NNPS NNP NNP VBD PRP$ NNS IN DT JJ NN IN NNP TO JJ IN JJ|~|NULL
All the takeover stocks -- Scottish & Newcastle , B.A.T , DRG -- are getting pretty well pasted this morning , '' Mr. Smith said|~|Seconds later , a 7,500-share `` sell '' order for Scottish & Newcastle came in|~|PDT DT NN NNS : NNP CC NNP , NNP , NNP : VBP VBG RB RB VBN DT NN , '' NNP NNP VBD|~|NNS RB , DT JJ `` VB '' NN IN NNP CC NNP VBD IN|~|NULL
France opened the limit down , off at least 10 % if you could calculate the index , which you could n't , '' Mr. Clark , the Shearson trader , said early in the afternoon|~|Spain is down 10 % and suspended , Sweden 's down 8 % , Norway 11 %|~|NNP VBD DT NN RP , RB IN JJS CD NN IN PRP MD VB DT NN , WDT PRP MD RB , '' NNP NNP , DT NNP NN , VBD RB IN DT NN|~|NNP VBZ RB CD NN CC VBN , NNP VBZ RB CD NN , NNP CD NN|~|NULL
Then , nine minutes later , Wall Street suddenly rebounded to a gain on the day|~|Rally ! Rally ! Rally ! '' shouted Shearson trader Andy Rosen , selling more Jaguar shares|~|RB , CD NNS RB , NNP NNP RB VBD TO DT NN IN DT NN|~|NNP . NNP . NNP . '' VBD NNP NN NNP NNP , VBG JJR NNP NNS|~|NULL
For many of London 's securities traders , it was a day that started nervously in the small hours|~|By lunchtime , the selling was at near-panic fever|~|IN JJ IN NNP POS NNS NNS , PRP VBD DT NN WDT VBD RB IN DT JJ NNS|~|IN NN , DT NN VBD IN NN NN|~|NULL
He was right|~|By midday , the London market was in full retreat|~|PRP VBD JJ|~|IN NN , DT NNP NN VBD IN JJ NN|~|NULL
So it went yesterday in the trading rooms of London 's financial district|~|In the wake of Wall Street 's plunge last Friday , the London market was considered especially vulnerable|~|RB PRP VBD NN IN DT NN NNS IN NNP POS JJ NN|~|IN DT NN IN NNP NNP POS NN JJ NNP , DT NNP NN VBD VBN RB JJ|~|NULL
Red figures on the screens indicated falling stocks ; blue figures , rising stocks|~|Right away , the reds outnumbered the blues , 80 to 20 , as the index opened at 2076.8 , off 157.1 points , or 7 %|~|JJ NNS IN DT NNS VBD VBG NNS : JJ NNS , VBG NNS|~|RB RB , DT NNS VBD DT NNS , CD TO CD , IN DT NN VBD IN CD , RB CD NNS , CC CD NN|~|NULL
Conversation was subdued as most patrons watched the latest market statistics on television|~|At 12:49 p.m. , the index hit its low , 2029.7 , off 204.2 points|~|NN VBD VBN IN JJS NNS VBD DT JJS NN NNS IN NN|~|IN CD RB , DT NN VBD PRP$ NN , CD , RB CD NNS|~|NULL
The Jefferies office , a branch of the Los Angeles-based firm , played it conservatively , seeking to avoid risk|~|This is not the sort of market to have a big position in , '' said David Smith , who heads trading in all non-U.S. stocks|~|DT NNP NN , DT NN IN DT NNP JJ NN , VBD PRP RB , VBG TO VB NN|~|DT VBZ RB DT NN IN NN TO VB DT JJ NN IN , '' VBD NNP NNP , WP VBZ NN IN DT JJ NNS|~|NULL
When I want to buy , they run from you -- they keep changing their prices , '' Mr. Smith said|~|It 's very frustrating|~|WRB PRP VBP TO VB , PRP VBP IN PRP : PRP VBP VBG PRP$ NNS , '' NNP NNP VBD|~|PRP VBZ RB JJ|~|NULL
Fundamentally dangerous ... , '' Mr. Smith said , almost in a whisper , `` ... . fundamentally weak ... fairly vulnerable still ... extremely dangerously poised|~|we 're in for a lot of turbulence|~|RB JJ : , '' NNP NNP VBD , RB IN DT NN , `` : . RB JJ : RB JJ RB : RB RB VBN|~|PRP VBP IN IN DT NN IN NN|~|NULL
In the center of the trading floor , chief trader Roger Streeter and two colleagues scrambled for the telephones as soon as the New York market opened -- plummeting more than 60 points in the first few minutes|~|They saw an opportunity created by the sell-off|~|IN DT NN IN DT NN NN , JJ NN NNP NNP CC CD NNS VBD IN DT NNS RB RB IN DT NNP NNP NN VBD : VBG JJR IN CD NNS IN DT JJ JJ NNS|~|PRP VBD DT NN VBN IN DT NN|~|NULL
It 's very frustrating|~|He temporarily abandoned his search for the Reuters shares|~|PRP VBZ RB JJ|~|PRP RB VBD PRP$ NN IN DT NNP NNS|~|NULL
At Jefferies & Co. , J. Francis Palamara did n't reach the office until 5:30 a.m. , but then he had been up most of the night at home|~|I had calls all night long from the States , '' he said|~|IN NNP CC NNP , NNP NNP NNP VBD RB VB DT NN IN CD NN , CC RB PRP VBD VBN RP JJS IN DT NN IN NN|~|PRP VBD NNS DT NN RB IN DT NNPS , '' PRP VBD|~|NULL
And it left mixed signals for London|~|Tokyo stocks closed off a significant but less-than-alarming 1.8 % on thin volume ; Hong Kong stocks declined 6.5 % in orderly trading|~|CC PRP VBD JJ NNS IN NNP|~|NNP NNS VBD RB DT JJ CC JJ CD NN IN JJ NN : NNP NNP NNS VBD CD NN IN JJ NN|~|NULL
We tend to run a very tight book|~|Jefferies spent most of its energies in the morning trying to match buyers and sellers , and there were n't many buyers|~|PRP VBP TO VB DT RB JJ NN|~|NNP VBD JJS IN PRP$ NNS IN DT NN VBG TO VB NNS CC NNS , CC EX VBD RB JJ NNS|~|NULL
As Wall Street strengthened , the London trading room went wild|~|Traders shouted as their screens posted an ever-narrowing loss on Wall Street|~|IN NNP NNP VBD , DT NNP NN NN VBD RB|~|NNS VBD IN PRP$ NNS VBD DT JJ NN IN NNP NNP|~|NULL
I was woken up every hour -- 1:30 , 2:30 , 3:30 , 4:30|~|People are looking for possible opportunities to buy , but nobody wants to stick their chin out|~|PRP VBD JJ IN DT NN : CD , CD , CD , CD|~|NNS VBP VBG IN JJ NNS TO VB , CC NN VBZ TO VB PRP$ NN RP|~|NULL
He targeted 7,500 shares of Reuters and punched a button to call up on his screen other dealers ' price quotes|~|The vivid yellow figures showed the best price at 845 pence , -LRB- $ 13.27 -RRB- and Mr. Smith 's traders started putting out feelers|~|PRP VBD CD NNS IN NNP CC VBD DT NN TO VB RP IN PRP$ NN JJ NNS POS NN NNS|~|DT JJ JJ NNS VBD DT JJS NN IN CD NN , -LRB- $ CD -RRB- CC NNP NNP POS NNS VBD VBG RP NNS|~|NULL
Only half the usual lunchtime crowd gathered at the tony Corney & Barrow wine bar on Old Broad Street nearby|~|Conversation was subdued as most patrons watched the latest market statistics on television|~|RB PDT DT JJ NN NN VBD IN DT JJ NNP CC NNP NN NN IN NNP NNP NNP RB|~|NN VBD VBN IN JJS NNS VBD DT JJS NN NNS IN NN|~|NULL
They saw an opportunity created by the sell-off|~|As Wall Street traders dumped American Depositary Receipts in Jaguar PLC , Mr. Streeter and trader Sam Ruiz bought them to resell in the U.K|~|PRP VBD DT NN VBN IN DT NN|~|IN NNP NNP NNS VBD NNP NNP NNPS IN NNP NNP , NNP NNP CC NN NNP NNP VBD PRP TO VB IN DT NNP|~|NULL
By midday , the London market was in full retreat|~|It 's falling like a stone , '' said Danny Linger , a pit trader who was standing outside the London International Financial Futures Exchange|~|IN NN , DT NNP NN VBD IN JJ NN|~|PRP VBZ VBG IN DT NN , '' VBD NNP NNP , DT NN NN WP VBD VBG IN DT NNP NNP NNP NNPS NNP|~|NULL
Rally ! Rally ! Rally ! '' shouted Shearson trader Andy Rosen , selling more Jaguar shares|~|This is panic buying|~|NNP . NNP . NNP . '' VBD NNP NN NNP NNP , VBG JJR NNP NNS|~|DT VBZ NN NN|~|NULL
I had calls all night long from the States , '' he said|~|I was woken up every hour -- 1:30 , 2:30 , 3:30 , 4:30|~|PRP VBD NNS DT NN RB IN DT NNPS , '' PRP VBD|~|PRP VBD JJ IN DT NN : CD , CD , CD , CD|~|NULL
At Jefferies ' trading room on Finsbury Circus , a stately circle at the edge of the financial district , desktop computer screens displayed the London market 's major barometer -- the Financial Times-Stock Exchange 100 Share Index|~|Red figures on the screens indicated falling stocks ; blue figures , rising stocks|~|IN NNP POS NN NN IN NNP NNP , DT JJ NN IN DT NN IN DT JJ NN , JJ NN NNS VBD DT NNP NN POS JJ NN : DT NNP NNP NNP CD NNP NNP|~|JJ NNS IN DT NNS VBD VBG NNS : JJ NNS , VBG NNS|~|NULL
Suddenly , after about 45 minutes , the U.S. markets rallied|~|The MMI has gone better , '' shouted one trader at about 3:15 London time , as the U.S. Major Markets Index contract suddenly indicated a turnabout|~|RB , IN IN CD NNS , DT NNP NNS VBD|~|DT NNP VBZ VBN RB , '' VBD CD NN IN IN CD NNP NN , IN DT NNP NNP NNPS NNP NN RB VBD DT NN|~|NULL
This is not the sort of market to have a big position in , '' said David Smith , who heads trading in all non-U.S. stocks|~|We tend to run a very tight book|~|DT VBZ RB DT NN IN NN TO VB DT JJ NN IN , '' VBD NNP NNP , WP VBZ NN IN DT JJ NNS|~|PRP VBP TO VB DT RB JJ NN|~|NULL
Seconds later , a 7,500-share `` sell '' order for Scottish & Newcastle came in|~|For the third time in 15 minutes , a trader next to Mr. Smith left the no-smoking area to have a cigarette|~|NNS RB , DT JJ `` VB '' NN IN NNP CC NNP VBD IN|~|IN DT JJ NN IN CD NNS , DT NN JJ TO NNP NNP VBN DT JJ NN TO VB DT NN|~|NULL
Spain is down 10 % and suspended , Sweden 's down 8 % , Norway 11 %|~|This market has been very badly damaged|~|NNP VBZ RB CD NN CC VBN , NNP VBZ RB CD NN , NNP CD NN|~|DT NN VBZ VBN RB RB VBN|~|NULL
As Wall Street traders dumped American Depositary Receipts in Jaguar PLC , Mr. Streeter and trader Sam Ruiz bought them to resell in the U.K|~|Investors here still expect Ford Motor Co. or General Motors Corp. to bid for Jaguar|~|IN NNP NNP NNS VBD NNP NNP NNPS IN NNP NNP , NNP NNP CC NN NNP NNP VBD PRP TO VB IN DT NNP|~|NNS RB RB VBP NNP NNP NNP CC NNP NNPS NNP TO VB IN NNP|~|NULL
Because Tokyo did n't collapse , let 's pick up a little stock , '' Mr. Smith said|~|He targeted 7,500 shares of Reuters and punched a button to call up on his screen other dealers ' price quotes|~|IN NNP VBD RB VB , VB PRP VB RP DT JJ NN , '' NNP NNP VBD|~|PRP VBD CD NNS IN NNP CC VBD DT NN TO VB RP IN PRP$ NN JJ NNS POS NN NNS|~|NULL
It 's falling like a stone , '' said Danny Linger , a pit trader who was standing outside the London International Financial Futures Exchange|~|Only half the usual lunchtime crowd gathered at the tony Corney & Barrow wine bar on Old Broad Street nearby|~|PRP VBZ VBG IN DT NN , '' VBD NNP NNP , DT NN NN WP VBD VBG IN DT NNP NNP NNP NNPS NNP|~|RB PDT DT JJ NN NN VBD IN DT JJ NNP CC NNP NN NN IN NNP NNP NNP RB|~|NULL
For the third time in 15 minutes , a trader next to Mr. Smith left the no-smoking area to have a cigarette|~|On the screens , only two forlorn blue figures remained , but the index had recovered a few points and was off about 140|~|IN DT JJ NN IN CD NNS , DT NN JJ TO NNP NNP VBN DT JJ NN TO VB DT NN|~|IN DT NNS , RB CD JJ JJ NNS VBD , CC DT NN VBD VBN DT JJ NNS CC VBD RB RB CD|~|NULL
As the London market rallied , some wondered whether the weekend of worrying and jitters had been worth it|~|The London index closed at 2163.4 , its high for the day , off 70.5 , or about 3.3 %|~|IN DT NNP NN VBD , DT VBD IN DT NN IN NNS CC NNS VBD VBN JJ PRP|~|DT NNP NN VBD IN CD , PRP$ NN IN DT NN , RB CD , CC RB CD NN|~|NULL
In the year-ago quarter , the natural gas concern had net income of $ 25.2 million , or 34 cents a share , on revenue of about $ 1.46 billion|~|Those results included a $ 2.7 million charge related to the retirement of debt|~|IN DT JJ NN , DT JJ NN NN VBD JJ NN IN $ CD CD , CC CD NNS DT NN , IN NN IN IN $ CD CD|~|DT NNS VBD DT $ CD CD NN VBN TO DT NN IN NN|~|NULL
Net proceeds from the offering are expected to be close to $ 200 million|~|Goldman , Sachs & Co. , and Drexel Burnham Lambert Inc. are lead underwriters|~|JJ NNS IN DT NN VBP VBN TO VB JJ TO $ CD CD|~|NNP , NNP CC NNP , CC NNP NNP NNP NNP VBP VB NNS|~|NULL
The old and revised numbers both include over-allotment provisions|~|Enron said each unit will be priced in the $ 19-to-$21 range and will represent about 80 % of the partnership equity|~|DT JJ CC JJ NNS DT VBP NN NNS|~|NNP VBD DT NN MD VB VBN IN DT $ JJ NN CC MD VB IN CD NN IN DT NN NN|~|NULL
In a related move , Enron said it increased the number of the partnership 's units it will offer to 6,930,000 from 5,500,000|~|The old and revised numbers both include over-allotment provisions|~|IN DT JJ NN , NNP VBD PRP VBD DT NN IN DT NN POS NNS PRP MD VB TO CD IN CD|~|DT JJ CC JJ NNS DT VBP NN NNS|~|NULL
James Alexander , a Burmah spokesman , said SHV had previously owned `` a little under 5 % '' of Burmah for about two years|~|The Dutch company had n't notified Burmah of its reason for increasing the stake , he said|~|NNP NNP , DT NNP NN , VBD NNP VBD RB VBN `` DT JJ IN CD NN '' IN NNP IN IN CD NNS|~|DT JJ NN VBD RB VBN NNP IN PRP$ NN IN VBG DT NN , PRP VBD|~|NULL
FOREIGN PRIME RATES : Canada 13.50 % ; Germany 8.50 % ; Japan 4.875 % ; Switzerland 8.50 % ; Britain 15 %|~|These rate indications are n't directly comparable ; lending practices vary widely by location|~|JJ JJ NNS : NNP CD NN : NNP CD NN : NNP CD NN : NNP CD NN : NNP CD NN|~|DT NN NNS VBP RB RB JJ : NN NNS VBP RB IN NN|~|NULL
Reserves traded among commercial banks for overnight use in amounts of $ 1 million or more|~|Source : Fulton Prebon -LRB- U.S.A . -RRB- Inc|~|NNS VBD IN JJ NNS IN JJ NN IN NNS IN $ CD CD CC JJR|~|NN : NNP NNP -LRB- NNP . -RRB- NNP|~|NULL
FEDERAL NATIONAL MORTGAGE ASSOCIATION -LRB- Fannie Mae -RRB- : Posted yields on 30 year mortgage commitments for delivery within 30 days -LRB- priced at par -RRB- .9.82 % , standard conventional fixed rate-mortgages ; 8.70 % , 6\/2 rate capped one-year adjustable rate mortgages|~|Source : Telerate Systems Inc|~|NNP NNP NNP NNP -LRB- NNP NNP -RRB- : VBN NNS IN CD NN NN NNS IN NN IN CD NNS -LRB- VBN IN NN -RRB- CD NN , JJ JJ VBN NNS : CD NN , CD NN VBD JJ JJ NN NNS|~|NN : NNP NNPS NNP|~|NULL
FEDERAL FUNDS : 8 3\/4 % high , 8 1\/2 % low , 8 5\/8 % near closing bid , 8 3\/4 % offered|~|Reserves traded among commercial banks for overnight use in amounts of $ 1 million or more|~|JJ NNS : CD CD NN JJ , CD CD NN JJ , CD CD NN IN VBG NN , CD CD NN VBN|~|NNS VBD IN JJ NNS IN JJ NN IN NNS IN $ CD CD CC JJR|~|NULL
CALL MONEY : 9 3\/4 % to 10 %|~|The charge on loans to brokers on stock exchange collateral|~|JJ NN : CD CD NN TO CD NN|~|DT NN IN NNS TO NNS IN NN NN NN|~|NULL
MERRILL LYNCH READY ASSETS TRUST : 8.49 %|~|Annualized average rate of return after expenses for the past 30 days ; not a forecast of future returns|~|NNP NNP NNP NNPS NNP : CD NN|~|VBN JJ NN IN NN IN NNS IN DT JJ CD NNS : RB DT NN IN JJ NNS|~|NULL
PRIME RATE : 10 1\/2 %|~|The base rate on corporate loans at large U.S. money center commercial banks|~|JJ NN : CD CD NN|~|DT JJ NN IN JJ NNS IN JJ NNP NN NN JJ NNS|~|NULL
Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s , usually on amounts of $ 1 million and more|~|The minimum unit is $ 100,000|~|JJ IN JJ NNS VBN IN JJ NNP NNP NNS IN JJ JJ NNS IN JJ NNS , RB IN NNS IN $ CD CD CC JJR|~|DT JJ NN VBZ $ CD|~|NULL
BANKERS ACCEPTANCES : 8.40 % 30 days ; 8.35 % 60 days ; 8.27 % 90 days ; 8.20 % 120 days ; 8.15 % 150 days ; 8.02 % 180 days|~|Negotiable , bank-backed business credit instruments typically financing an import order|~|NNPS NNPS : CD NN CD NNS : CD NN CD NNS : CD NN CD NNS : CD NN CD NNS : CD NN CD NNS : CD NN CD NNS|~|JJ , JJ NN NN NNS RB VBG DT NN NN|~|NULL
9.83 % , standard conventional fixedrate mortgages ; 7.875 % , 2 % rate capped one-year adjustable rate mortgages|~|Source : Telerate Systems Inc|~|CD NN , JJ JJ NN NNS : CD NN , CD NN NN VBD JJ JJ NN NNS|~|NN : NNP NNPS NNP|~|NULL
DISCOUNT RATE : 7 %|~|The charge on loans to depository institutions by the New York Federal Reserve Bank|~|JJ NN : CD NN|~|DT NN IN NNS TO JJ NNS IN DT NNP NNP NNP NNP NNP|~|NULL
LONDON INTERBANK OFFERED RATES -LRB- LIBOR -RRB- : 8 1\/2 % one month ; 8 1\/2 % three months ; 8 7\/16 % six months ; 8 3\/8 % one year|~|The average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks|~|NNP NNP NNP NNPS -LRB- NNP -RRB- : CD CD NN CD NN : CD CD NN CD NNS : CD CD NN CD NNS : CD CD NN CD NN|~|DT NN IN NN VBN NNS IN NN NNS IN DT NNP NN VBN IN NNS IN CD JJ NNS|~|NULL
CERTIFICATES OF DEPOSIT : 8.05 % one month ; 8.02 % two months ; 8 % three months ; 7.98 % six months ; 7.95 % one year|~|Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s , usually on amounts of $ 1 million and more|~|NNS IN NN : CD NN CD NN : CD NN CD NNS : CD NN CD NNS : CD NN CD NNS : CD NN CD NN|~|JJ IN JJ NNS VBN IN JJ NNP NNP NNS IN JJ JJ NNS IN JJ NNS , RB IN NNS IN $ CD CD CC JJR|~|NULL
FEDERAL HOME LOAN MORTGAGE CORP . -LRB- Freddie Mac -RRB- : Posted yields on 30-year mortgage commitments for delivery within 30 days.|~|9.83 % , standard conventional fixedrate mortgages ; 7.875 % , 2 % rate capped one-year adjustable rate mortgages|~|NNP NNP NNP NNP NNP . -LRB- NNP NNP -RRB- : VBN NNS IN JJ NN NNS IN NN IN CD NN|~|CD NN , JJ JJ NN NNS : CD NN , CD NN NN VBD JJ JJ NN NNS|~|NULL
The minimum unit is $ 100,000|~|Typical rates in the secondary market : 8.40 % one month ; 8.40 % three months ; 8.40 % six months|~|DT JJ NN VBZ $ CD|~|JJ NNS IN DT JJ NN : CD NN CD NN : CD NN CD NNS : CD NN CD NNS|~|NULL
Interspec Inc. reported a net loss of $ 2.4 million for the fiscal third quarter ended Aug. 31|~|It said the loss resulted from startup and introduction costs related to a new medical ultrasound equipment system|~|NNP NNP VBD DT JJ NN IN $ CD CD IN DT JJ JJ NN VBN NNP CD|~|PRP VBD DT NN VBD IN NN CC NN NNS VBN TO DT JJ JJ NN NN NN|~|NULL
West Germany 's Green Party joined its ideological soulmates Jeremy Rifkin and the Christic Institute in the legal battle to ground the Atlantis shuttle and its plutonium-powered Galileo probe to Jupiter|~|The anti-defense Greens wanted a Washington federal appeals court to block today 's scheduled liftoff long enough for them to ask the World Court to `` order '' a permanent cancellation of the $ 1.5 billion flight|~|NNP NNP POS NNP NNP VBD PRP$ JJ NNS NNP NNP CC DT NNP NNP IN DT JJ NN TO VB DT NNP NN CC PRP$ JJ NNP NN TO NNP|~|DT JJ NNS VBD DT NNP JJ NNS NN TO VB NN POS JJ NN JJ RB IN PRP TO VB DT NNP NNP TO `` VB '' DT JJ NN IN DT $ CD CD NN|~|NULL
Of course it was|~|NASA should now sue for fines against all three politico-plaintiffs , foreign and domestic , for bringing this mischievous case|~|IN NN PRP VBD|~|NNP MD RB VB IN NNS IN DT CD NNS , JJ CC JJ , IN VBG DT JJ NN|~|NULL
A three-judge appeals panel yesterday refused to comply , though liberal Judge Pat Wald went out of her way to deny that this was a `` frivolous '' case|~|Of course it was|~|DT JJ NNS NN NN VBD TO VB , IN JJ NNP NNP NNP VBD RB IN PRP$ NN TO VB IN DT VBD DT `` JJ '' NN|~|IN NN PRP VBD|~|NULL
The anti-defense Greens wanted a Washington federal appeals court to block today 's scheduled liftoff long enough for them to ask the World Court to `` order '' a permanent cancellation of the $ 1.5 billion flight|~|A three-judge appeals panel yesterday refused to comply , though liberal Judge Pat Wald went out of her way to deny that this was a `` frivolous '' case|~|DT JJ NNS VBD DT NNP JJ NNS NN TO VB NN POS JJ NN JJ RB IN PRP TO VB DT NNP NNP TO `` VB '' DT JJ NN IN DT $ CD CD NN|~|DT JJ NNS NN NN VBD TO VB , IN JJ NNP NNP NNP VBD RB IN PRP$ NN TO VB IN DT VBD DT `` JJ '' NN|~|NULL
Dr. Novello 's office said she would n't talk with reporters , and it refused to release any information about her|~|The newsletter Medicine & Health , which first disclosed her selection by Dr. Sullivan , said she is 44 years old and she studied at the University of Puerto Rico School of Medicine|~|NNP NNP POS NN VBD PRP MD RB VB IN NNS , CC PRP VBD TO VB DT NN IN PRP|~|DT NN NNP CC NNP , WDT RB VBD PRP$ NN IN NNP NNP , VBD PRP VBZ CD NNS JJ CC PRP VBD IN DT NNP IN NNP NNP NNP IN NNP|~|NULL
These factors , combined with a strong dollar , should negatively affect the current quarter 's results , NCR said|~|In the year-earlier fourth quarter , NCR had profit of $ 149.6 million , or $ 1.85 a share , on revenue of $ 1.8 billion|~|DT NNS , VBN IN DT JJ NN , MD RB VB DT JJ NN POS NNS , NNP VBD|~|IN DT JJ JJ NN , NNP VBD NN IN $ CD CD , CC $ CD DT NN , IN NN IN $ CD CD|~|NULL
For the nine months , the company 's earnings fell 9 % to $ 264.6 million , or $ 3.40 a share , from $ 289.7 million , or $ 3.49 a share|~|Revenues declined 1 % to $ 4.17 billion from $ 4.19 billion|~|IN DT CD NNS , DT NN POS NNS VBD CD NN TO $ CD CD , CC $ CD DT NN , IN $ CD CD , CC $ CD DT NN|~|NNS VBD CD NN TO $ CD CD IN $ CD CD|~|NULL
But per-share profit dropped only 2 % to $ 1.23 a share from $ 1.26 a share , as the company continued its stock buy-back plan|~|Average shares outstanding dropped to 75.8 million from 82.1 million|~|CC JJ NN VBD RB CD NN TO $ CD DT NN IN $ CD DT NN , IN DT NN VBD PRP$ NN NN NN|~|NN NNS JJ VBD TO CD CD IN CD CD|~|NULL
Mr. Hingorani said he lowered his full-year estimates for 1989 to $ 5.35 a share from $ 5.50 a share|~|Revenue projections were slashed to $ 6.03 billion from $ 6.20 billion|~|NNP NNP VBD PRP VBD PRP$ JJ NNS IN CD TO $ CD DT NN IN $ CD DT NN|~|NNP NNS VBD VBN TO $ CD CD IN $ CD CD|~|NULL
Revenue projections were slashed to $ 6.03 billion from $ 6.20 billion|~|Last year , NCR had net income of $ 439.3 million , or $ 5.33 a share , on $ 5.99 billion in revenue|~|NNP NNS VBD VBN TO $ CD CD IN $ CD CD|~|JJ NN , NNP VBD JJ NN IN $ CD CD , CC $ CD DT NN , IN $ CD CD IN NN|~|NULL
Average shares outstanding dropped to 75.8 million from 82.1 million|~|Revenue fell 1 % to $ 1.39 billion from $ 1.41 billion|~|NN NNS JJ VBD TO CD CD IN CD CD|~|NN VBD CD NN TO $ CD CD IN $ CD CD|~|NULL
The company , however , said orders in the U.S. showed `` good gains '' during the latest quarter|~|Analysts estimate those gains at 12 % to 13 % , a good part of it coming from large orders placed by a few of NCR 's major customers|~|DT NN , RB , VBD NNS IN DT NNP VBD `` JJ NNS '' IN DT JJS NN|~|NNS VBP DT NNS IN CD NN TO CD NN , DT JJ NN IN PRP VBG IN JJ NNS VBN IN DT JJ IN NNP POS JJ NNS|~|NULL
Idle Thought|~|To spend a carefree , idle day , When duty calls , to pay no heed , To while the precious hours away -- Character is what you need|~|NNP NNP|~|TO VB DT JJ , JJ NN , WRB NN VBZ , TO VB DT NN , TO IN DT JJ NNS RB : NNP VBZ WP PRP VBP|~|NULL
Telecussed|~|The guy who throws an intercept 'Cause his receiver slips Should somehow be advised that we At home can read his lips|~|NNP|~|DT NN WP VBZ DT NN WRB PRP$ NN VBZ MD RB VB VBN IN PRP IN NN MD VB PRP$ NNS|~|NULL
To spend a carefree , idle day , When duty calls , to pay no heed , To while the precious hours away -- Character is what you need|~|May Richstone|~|TO VB DT JJ , JJ NN , WRB NN VBZ , TO VB DT NN , TO IN DT JJ NNS RB : NNP VBZ WP PRP VBP|~|NNP NNP|~|NULL
The guy who throws an intercept 'Cause his receiver slips Should somehow be advised that we At home can read his lips|~|Dick Emmons|~|DT NN WP VBZ DT NN WRB PRP$ NN VBZ MD RB VB VBN IN PRP IN NN MD VB PRP$ NNS|~|NNP NNP|~|NULL
Tomorrow , the Resolution Funding Corp. will provide details of its first bond issue , which is expected to total between $ 4 billion and $ 6 billion and carry a maturity greater than 20 years|~|Resolution Funding is a division of Resolution Trust Corp. , the new federal agency created to bail out the nation 's troubled thrifts|~|NN , DT NNP NNP NNP MD VB NNS IN PRP$ JJ NN NN , WDT VBZ VBN TO VB IN $ CD CD CC $ CD CD CC VBP DT NN JJR IN CD NNS|~|NNP NNP VBZ DT NN IN NNP NNP NNP , DT JJ JJ NN VBN TO VB RP DT NN POS JJ NNS|~|NULL
Federal Home Loan Mortgage Corp. 9 % securities were at 97 1\/4 , down 3\/4|~|On Friday , mortgage issues gained as much as 1 5\/32|~|NNP NNP NNP NNP NNP CD NN NNS VBD IN CD CD , RB CD|~|IN NNP , NN NNS VBD RB JJ IN CD CD|~|NULL
Tokyo 's market turned out to be a bad bellwether for U.S. trading|~|When the market opened here , bonds prices fell as the stock market regained strength|~|NNP POS NN VBD RP TO VB DT JJ NN IN NNP NN|~|WRB DT NN VBD RB , NNS NNS VBD IN DT NN NN VBD NN|~|NULL
The Treasury 's benchmark 30-year bond , ended about 1 3\/4 points lower , or down about $ 17.50 for each $ 1,000 face amount|~|The reversal was even more evident among shorter-term Treasury securities|~|DT NNP POS JJ JJ NN , VBD IN CD CD NNS JJR , CC RB IN $ CD IN DT $ CD NN NN|~|DT NN VBD RB RBR JJ IN JJR NNP NNS|~|NULL
We went down 3\/4 point in 10 minutes right before lunch , then after lunch we went up 3\/4 point in 12 minutes , '' he said|~|In Tokyo , trading is halted during lunchtime|~|PRP VBD IN CD NN IN CD NNS RB IN NN , RB IN NN PRP VBD IN CD NN IN CD NNS , '' PRP VBD|~|IN NNP , NN VBZ VBN IN NN|~|NULL
The benchmark 30-year Treasury bond was quoted late at a price of 101 19\/32 , compared with a closing price of 103 12\/32 Friday|~|The yield on the benchmark issue rose to 7.97 % from 7.82 %|~|DT JJ JJ NNP NN VBD VBN RB IN DT NN IN CD CD , VBN IN DT NN NN IN CD CD NNP|~|DT NN IN DT NN NN VBD TO CD NN IN CD NN|~|NULL
Short-term interest rates fell yesterday at the government 's weekly Treasury bill auction|~|The average discount rate on new three-month Treasury bills was 7.37 % , the lowest since the average of 7.36 % at the auction on Oct. 17 , 1988|~|JJ NN NNS VBD NN IN DT NN POS JJ NNP NN NN|~|DT JJ NN NN IN JJ JJ NNP NNS VBD CD NN , DT JJS IN DT NN IN CD NN IN DT NN IN NNP CD , CD|~|NULL
A widening of that magnitude , said one New York trader , is `` not a favorable number|~|It could do damage to us|~|DT NN IN DT NN , VBD CD NNP NNP NN , VBZ `` RB DT JJ NN|~|PRP MD VB NN TO PRP|~|NULL
Industrial production is expected to have declined 0.2 % , according to a consensus of economists surveyed by Dow Jones Capital Markets Report|~|The August trade deficit is expected to have widened to $ 9.1 billion from $ 7.58 billion in July|~|JJ NN VBZ VBN TO VB VBN CD NN , VBG TO DT NN IN NNS VBN IN NNP NNP NNP NNP NNP|~|DT NNP NN NN VBZ VBN TO VB VBN TO $ CD CD IN $ CD CD IN NNP|~|NULL
In fact , some economists contend that the latest easing started last week|~|Others note that some investors were disappointed because they had expected a more aggressive easing|~|IN NN , DT NNS VBP IN DT JJS NN VBD JJ NN|~|NNS VBP IN DT NNS VBD JJ IN PRP VBD VBN DT RBR JJ NN|~|NULL
It was a pretty wild day|~|Our markets were closely tied to the stock market , '' said Joel Kazis , manager of trading at Smith Barney , Harris Upham & Co|~|PRP VBD DT RB JJ NN|~|PRP$ NNS VBD RB VBN TO DT NN NN , '' VBD NNP NNP , NN IN NN IN NNP NNP , NNP NNP CC NNP|~|NULL
The reversal was even more evident among shorter-term Treasury securities|~|After Treasury bill rates plummeted as much as 0.70 percentage point on Friday , they gave back three-fourths of that amount yesterday|~|DT NN VBD RB RBR JJ IN JJR NNP NNS|~|IN NNP NN NNS VBD RB JJ IN CD NN NN IN NNP , PRP VBD RP NNS IN DT NN NN|~|NULL
There 's lots of supply , '' the New York trader said|~|We have a couple or three tough weeks coming|~|EX VBZ NNS IN NN , '' DT NNP NNP NN VBD|~|PRP VBP DT NN CC CD JJ NNS VBG|~|NULL
The average discount rate on new three-month Treasury bills was 7.37 % , the lowest since the average of 7.36 % at the auction on Oct. 17 , 1988|~|The average discount rate was 7.42 % on new six-month bills , the lowest since the average of 7.35 % at the auction on July 31 , 1989|~|DT JJ NN NN IN JJ JJ NNP NNS VBD CD NN , DT JJS IN DT NN IN CD NN IN DT NN IN NNP CD , CD|~|DT JJ NN NN VBD CD NN IN JJ JJ NNS , DT JJS IN DT NN IN CD NN IN DT NN IN NNP CD , CD|~|NULL
Our markets were closely tied to the stock market , '' said Joel Kazis , manager of trading at Smith Barney , Harris Upham & Co|~|Friday 's flight to quality was no longer needed once the stock market found its legs , '' he said|~|PRP$ NNS VBD RB VBN TO DT NN NN , '' VBD NNP NNP , NN IN NN IN NNP NNP , NNP NNP CC NNP|~|NNP POS NN TO NN VBD RB RB VBN IN DT NN NN VBD PRP$ NNS , '' PRP VBD|~|NULL
Junk bonds opened as much as four points lower but staged a modest comeback as stock prices firmed|~|Some traders said the high-yield market was helped by active institutional buying|~|NN NNS VBD RB JJ IN CD NNS JJR CC VBD DT JJ NN IN NN NNS VBD|~|DT NNS VBD DT JJ NN VBD VBN IN JJ JJ NN|~|NULL
The bond market seemed to ignore evidence that the Federal Reserve eased credit conditions slightly by allowing the federal funds rate to drift as low as 8 1\/2 %|~|The closely watched rate on federal funds , or overnight loans between banks , slid to about 8 3\/4 % last week , down from its perceived target level of about 9 %|~|DT NN NN VBD TO VB NN IN DT NNP NNP VBD NN NNS RB IN VBG DT JJ NNS NN TO VB RB JJ IN CD CD NN|~|DT RB VBN NN IN JJ NNS , CC JJ NNS IN NNS , VBD TO IN CD CD NN JJ NN , RB IN PRP$ VBN NN NN IN IN CD NN|~|NULL
Some fixed-income investors had expected a further drop in stock prices after the nearly 200-point drop in the Dow Jones Industrial Average on Friday|~|That caused investors to flee stocks and buy high-quality Treasury bonds , which are safer than other types of securities|~|DT JJ NNS VBD VBN DT JJ NN IN NN NNS IN DT RB JJ NN IN DT NNP NNP NNP NNP IN NNP|~|DT VBD NNS TO VB NNS CC VB JJ NNP NNS , WDT VBP JJR IN JJ NNS IN NNS|~|NULL
Contributing to the selling pressure were dispatches by several investment firms advising clients to boost their stock holdings and reduce the size of their cash or bond portfolios|~|Among the firms were Merrill Lynch & Co. and Dean Witter Reynolds Inc|~|VBG TO DT VBG NN VBD NNS IN JJ NN NNS VBG NNS TO VB PRP$ NN NNS CC VB DT NN IN PRP$ NN CC NN NNS|~|IN DT NNS VBD NNP NNP CC NNP CC NNP NNP NNP NNP|~|NULL
Jay Goldinger , who often trades overnight for Capital Insight Inc. , Beverly Hills , Calif. , said trading in Tokyo was `` very active '' but highly volatile|~|We went down 3\/4 point in 10 minutes right before lunch , then after lunch we went up 3\/4 point in 12 minutes , '' he said|~|NNP NNP , WP RB VBZ JJ IN NNP NNP NNP , NNP NNP , NNP , VBD NN IN NNP VBD `` RB JJ '' CC RB JJ|~|PRP VBD IN CD NN IN CD NNS RB IN NN , RB IN NN PRP VBD IN CD NN IN CD NNS , '' PRP VBD|~|NULL
Foreign bonds surged as the dollar weakened against most major currencies|~|Among benchmark issues : -- Japan 's No. 111 4.6 % bond due 1998 ended on brokers screens at 96.15 , up 1.17 point|~|JJ NNS VBD IN DT NN VBD IN JJS JJ NNS|~|IN JJ NNS : : NNP POS NN CD CD NN NN JJ CD VBD IN NNS NNS IN CD , RB CD NN|~|NULL
The rate is considered an early signal of changes in Fed policy|~|Traders said yesterday 's modest easing did n't stir much enthusiasm because it had been widely expected|~|DT NN VBZ VBN DT JJ NN IN NNS IN NNP NN|~|NNS VBD NN POS JJ NN VBD RB VB JJ NN IN PRP VBD VBN RB VBN|~|NULL
The 13-week bills mature Jan. 18 , 1990 , and the 26-week bills mature April 19 , 1990|~|Corporate Issues|~|DT JJ NNS VBP NNP CD , CD , CC DT JJ NNS VBP NNP CD , CD|~|JJ NNS|~|NULL
Government National Mortgage Association 9 % securities for November delivery were quoted late yesterday at 98 4\/32 , down 30\/32 from Friday ; 9 1\/2 % securities were down 27\/32 at 100 5\/32 ; and 10 % securities were at 102 2\/32 , off 24\/32|~|Federal Home Loan Mortgage Corp. 9 % securities were at 97 1\/4 , down 3\/4|~|NNP NNP NNP NNP CD NN NNS IN NNP NN VBD VBN JJ NN IN CD CD , RB CD IN NNP : CD CD NN NNS VBD RB CD IN CD CD : CC CD NN NNS VBD IN CD CD , RB CD|~|NNP NNP NNP NNP NNP CD NN NNS VBD IN CD CD , RB CD|~|NULL
Among benchmark issues : -- Japan 's No. 111 4.6 % bond due 1998 ended on brokers screens at 96.15 , up 1.17 point|~|The yield was 5.245 %|~|IN JJ NNS : : NNP POS NN CD CD NN NN JJ CD VBD IN NNS NNS IN CD , RB CD NN|~|DT NN VBD CD NN|~|NULL
Investment-grade corporate bonds ended one to 1 1\/2 point lower|~|There were no new issues|~|JJ JJ NNS VBD CD TO CD CD NN JJR|~|EX VBD DT JJ NNS|~|NULL
Trading was hectic during the morning , with players trying to gauge whether equities would continue Friday 's free fall or stabilize after a brief spot of weakness|~|Tax-exempts started the session flat to a touch higher on anticipation of further stock market erosion , but bond prices rapidly turned south as it became more clear that a repeat of the October 1987 crash was n't at hand|~|NN VBD JJ IN DT NN , IN NNS VBG TO VB IN NNS MD VB NNP POS JJ NN CC VB IN DT JJ NN IN NN|~|NNS VBD DT NN RB TO DT NN JJR IN NN IN JJ NN NN NN , CC NN NNS RB VBD RB IN PRP VBD RBR JJ IN DT NN IN DT NNP CD NN VBD RB IN NN|~|NULL
The closely watched rate on federal funds , or overnight loans between banks , slid to about 8 3\/4 % last week , down from its perceived target level of about 9 %|~|The rate is considered an early signal of changes in Fed policy|~|DT RB VBN NN IN JJ NNS , CC JJ NNS IN NNS , VBD TO IN CD CD NN JJ NN , RB IN PRP$ VBN NN NN IN IN CD NN|~|DT NN VBZ VBN DT JJ NN IN NNS IN NNP NN|~|NULL
The August trade deficit is expected to have widened to $ 9.1 billion from $ 7.58 billion in July|~|A widening of that magnitude , said one New York trader , is `` not a favorable number|~|DT NNP NN NN VBZ VBN TO VB VBN TO $ CD CD IN $ CD CD IN NNP|~|DT NN IN DT NN , VBD CD NNP NNP NN , VBZ `` RB DT JJ NN|~|NULL
U.S. Treasury bonds were higher in overnight trading in Japan , which opened at about 7:30 p.m. EDT|~|The benchmark 30-year bond , for example rose one point in early Japanese trading in reaction to a quick 600-point drop in the Tokyo stock market|~|NNP NNP NNS VBD JJR IN JJ NN IN NNP , WDT VBD IN IN CD NN NNP|~|DT JJ JJ NN , IN NN VBD CD NN IN JJ JJ NN IN NN TO DT JJ JJ NN IN DT NNP NN NN|~|NULL
Professionals dominated municipal trading throughout the session|~|Traders said retail investors seemed to be hugging the sidelines until a measure of volatility is wrung out of the market|~|NNS VBD JJ NN IN DT NN|~|NNS VBD JJ NNS VBD TO VB VBG DT NNS IN DT NN IN NN VBZ VBN IN IN DT NN|~|NULL
But prices of junk bonds , which were battered Friday in near standstill trading , rebounded to post small gains after a volatile trading session|~|Junk bonds opened as much as four points lower but staged a modest comeback as stock prices firmed|~|CC NNS IN NN NNS , WDT VBD VBN NNP IN RB JJ NN , VBD TO VB JJ NNS IN DT JJ NN NN|~|NN NNS VBD RB JJ IN CD NNS JJR CC VBD DT JJ NN IN NN NNS VBD|~|NULL
Thus , higher bidding narrows the investor 's return while lower bidding widens it|~|The percentage rates are calculated on a 360-day year , while the coupon-equivalent yield is based on a 365-day year|~|RB , JJR NN VBZ DT NN POS NN IN JJR NN VBZ PRP|~|DT NN NNS VBP VBN IN DT JJ NN , IN DT JJ NN VBZ VBN IN DT JJ NN|~|NULL
Florida Board of Education 's 7 1\/4 % issue of 2023 was 5\/8 point weaker at 99 1\/2 bid|~|The 7 1\/8 % issue of Triborough Bridge and Tunnel Authority of New York , due 2019 , was off 5\/8 at 98 1\/8 bid|~|NNP NNP IN NNP POS CD CD NN NN IN CD VBD CD NN JJR IN CD CD NN|~|DT CD CD NN NN IN NNP NNP CC NNP NNP IN NNP NNP , JJ CD , VBD RB CD IN CD CD NN|~|NULL
Both issues are dated Oct. 19|~|The 13-week bills mature Jan. 18 , 1990 , and the 26-week bills mature April 19 , 1990|~|DT NNS VBP VBN NNP CD|~|DT JJ NNS VBP NNP CD , CD , CC DT JJ NNS VBP NNP CD , CD|~|NULL
Setting a date to start treaty negotiations has no legal significance in itself , but could be viewed as an important psychological push|~|French President Francois Mitterrand fought to set a date for the conference during the EC summit in Madrid last June , but the move was scuttled because of opposition by Mrs. Thatcher and West German Chancellor Helmut Kohl|~|VBG DT NN TO VB NN NNS VBZ DT JJ NN IN PRP , CC MD VB VBN IN DT JJ JJ NN|~|NNP NNP NNP NNP VBD TO VB DT NN IN DT NN IN DT NNP NN IN NNP JJ NNP , CC DT NN VBD VBN IN IN NN IN NNP NNP CC JJ JJ NNP NNP NNP|~|NULL
TREATING EMPLOYEES with respect is crucial for managers , says consultant Hay Group after surveys of a million workers|~|It 's in their top five `` work values|~|NNP NNPS IN NN VBZ JJ IN NNS , VBZ NN NNP NNP IN NNS IN DT CD NNS|~|PRP VBZ IN PRP$ JJ CD `` NN NNS|~|NULL
RJR Nabisco pays up to $ 30,000 of losses , including improvements|~|Goodrich wo n't ensure loss coverage , but will prevent a `` catastrophic loss '' ; it has given some employees the full purchase price when values fell from concern over dangers posed by a disposal site|~|NNP NNP VBZ IN TO $ CD IN NNS , VBG NNS|~|NNP MD RB VB NN NN , CC MD VB DT `` JJ NN '' : PRP VBZ VBN DT NNS DT JJ NN NN WRB NNS VBD IN NN IN NNS VBN IN DT NN NN|~|NULL
The players were heckled by a patron during a July 4 , 1988 , game with the Martinsville Phillies|~|Like its parent that year , `` Bluefield was not having a good year , '' the judge said|~|DT NNS VBD VBN IN DT NN IN DT NNP CD , CD , NN IN DT NNP NNPS|~|IN PRP$ NN DT NN , `` NNP VBD RB VBG DT JJ NN , '' DT NN VBD|~|NULL
THE CHECKOFF : The National Academy of Engineering gives two inventors of the semiconductor microchip a $ 350,000 achievement award|~|Now , that 's reactionary : Letter Carriers union president Vincent Sombrotto accuses Philadelphia postmaster Charles James of `` 12th century ... oppressive management tactics|~|DT NN : DT NNP NNP IN NNP VBZ CD NNS IN DT NN NN DT $ CD NN NN|~|RB , DT VBZ JJ : NNP NNP NN NN NNP NNP VBZ NNP NN NNP NNP IN `` JJ NN : JJ NN NNS|~|NULL
About 72 % reimburse for all or some losses|~|Since 1984 , more companies give sales-loss aid , as many real-estate values depreciated , the council says|~|RB CD NN VB IN DT CC DT NNS|~|IN CD , JJR NNS VBP JJ NN , IN JJ NN NNS VBD , DT NN VBZ|~|NULL
The `` social dimension '' -- worker concerns -- of the European Community 's plan to open its internal borders in 1992 could set the effort `` off the rails '' if not done reasonably , says General Electric senior vice president Frank Doyle|~|U.S. companies wanting to expand in Europe face `` tough pressure '' from unions in nations such as West Germany , which play a big consulting role in management decisions , he says|~|DT `` JJ NN '' : NN NNS : IN DT NNP NNP POS NN TO VB PRP$ JJ NNS IN CD MD VB DT NN `` IN DT NNS '' IN RB VBN RB , VBZ NNP NNP JJ NN NN NNP NNP|~|NNP NNS VBG TO VB IN NNP VBP `` JJ NN '' IN NNS IN NNS JJ IN NNP NNP , WDT VBP DT JJ NN NN IN NN NNS , PRP VBZ|~|NULL
But they search for ways to limit the damage|~|A third of 439 companies surveyed by the Employee Relocation Council report a rise in 1988 sales losses over 1987|~|CC PRP VB IN NNS TO VB DT NN|~|DT JJ IN CD NNS VBN IN DT NNP NNP NNP VBP DT NN IN CD NNS NNS IN CD|~|NULL
SPRUCING UP THE DIGS : About 200 employees of the Maryland Department of Economic and Employment Development for four months painted walls , polished and carpeted floors , bought plants , cleaned windows and blinds , and hung pictures at the agency 's Baltimore office|~|The 3,000 hours of work will save the state $ 55,000|~|VBG RP DT NNS : RB CD NNS IN DT NNP NNP IN NNP CC NNP NNP IN CD NNS JJ NNS , JJ CC JJ NNS , VBD NNS , VBN NNS CC NNS , CC JJ NNS IN DT NN POS NNP NN|~|DT CD NNS IN NN MD VB DT NN $ CD|~|NULL
FMC Corp. and Baxter International say unions also wo n't like plant relocations and needed restructuring , which means layoffs|~|Many employers have already begun moving to southern countries such as Spain and Italy , where wages are low and unions are weaker ; demand for trained labor and managers will rise there , FMC says|~|NNP NNP CC NNP NNP VBP NNS RB MD RB VB NN NNS CC VBN NN , WDT VBZ NNS|~|JJ NNS VBP RB VBN VBG TO JJ NNS JJ IN NNP CC NNP , WRB NNS VBP JJ CC NNS VBP JJR : NN IN JJ NN CC NNS MD VB RB , NNP VBZ|~|NULL
CURBING WAGE BOOSTS will get high priority again in 1990 collective bargaining , a Bureau of National Affairs survey of 250 companies with pacts expiring next year indicates|~|Despite labor-shortage warnings , 80 % aim for first-year wage increases of under 4 % ; and 77 % say they 'd try to replace workers , if struck , or would consider it|~|NNP NNP NNP MD VB JJ NN RB IN CD JJ NN , DT NNP IN NNP NNPS NN IN CD NNS IN NNS VBG JJ NN VBZ|~|IN JJ NNS , CD NN VBP IN JJ NN NNS IN IN CD NN : CC CD NN VBP PRP MD VB TO VB NNS , IN VBD , CC MD VB PRP|~|NULL
Since 1984 , more companies give sales-loss aid , as many real-estate values depreciated , the council says|~|RJR Nabisco pays up to $ 30,000 of losses , including improvements|~|IN CD , JJR NNS VBP JJ NN , IN JJ NN NNS VBD , DT NN VBZ|~|NNP NNP VBZ IN TO $ CD IN NNS , VBG NNS|~|NULL
TEMPORARY WORKERS have good educations , the National Association of Temporary Services says ; its survey of 2,508 such employees shows 82 % with more than a high-school education , and 31 % with college degrees|~|About 12 % have retired from a full-time job , while 54 % were asked to stay on full time|~|NNP NNPS VBP JJ NNS , DT NNP NNP IN NNP NNP VBZ : PRP$ NN IN CD JJ NNS VBZ CD NN IN JJR IN DT NN NN , CC CD NN IN NN NNS|~|RB CD NN VBP VBN IN DT JJ NN , IN CD NN VBD VBN TO VB IN JJ NN|~|NULL
Goodrich wo n't ensure loss coverage , but will prevent a `` catastrophic loss '' ; it has given some employees the full purchase price when values fell from concern over dangers posed by a disposal site|~|Federal Express , Dow Chemical , Ford and National City Corp. will buy the home or let the worker sell to an outside firm , but usually wo n't cover a loss|~|NNP MD RB VB NN NN , CC MD VB DT `` JJ NN '' : PRP VBZ VBN DT NNS DT JJ NN NN WRB NNS VBD IN NN IN NNS VBN IN DT NN NN|~|NNP NNP , NNP NNP , NNP CC NNP NNP NNP MD VB DT NN CC VB DT NN VB TO DT JJ NN , CC RB MD RB VB DT NN|~|NULL
Like its parent that year , `` Bluefield was not having a good year , '' the judge said|~|After the game -LRB- `` Bluefield lost , 9-8 , stranding three runners in ... the ninth , '' he noted -RRB- , trouble began|~|IN PRP$ NN DT NN , `` NNP VBD RB VBG DT JJ NN , '' DT NN VBD|~|IN DT NN -LRB- `` NNP VBD , RB , VBG CD NNS IN : DT JJ , '' PRP VBD -RRB- , NN VBD|~|NULL
More taunting in the parking lot , the players said , led to a fight|~|The fan said he was punched and kicked by one player and that the other broke his jaw with a baseball bat|~|JJR NN IN DT NN NN , DT NNS VBD , VBD TO DT NN|~|DT NN VBD PRP VBD VBN CC VBN IN CD NN CC IN DT JJ VBD PRP$ NN IN DT NN NN|~|NULL
Many also use recruiting bonuses , tuition reimbursement , loan repayment or child-care help|~|Some give lump-sum incentives|~|JJ RB VBP NN NNS , NN NN , NN NN CC JJ NN|~|DT VBP JJ NNS|~|NULL
It 's in their top five `` work values|~|Fully 80 % of employees who say their bosses treat them with respect , but only a third of those who do n't feel respected say they 're satisfied with where they work|~|PRP VBZ IN PRP$ JJ CD `` NN NNS|~|RB CD NN IN NNS WP VBP PRP$ NNS VBP PRP IN NN , CC RB DT JJ IN DT WP VBP RB VB JJ VBP PRP VBP VBN IN WRB PRP VBP|~|NULL
A third of 439 companies surveyed by the Employee Relocation Council report a rise in 1988 sales losses over 1987|~|About 72 % reimburse for all or some losses|~|DT JJ IN CD NNS VBN IN DT NNP NNP NNP VBP DT NN IN CD NNS NNS IN CD|~|RB CD NN VB IN DT CC DT NNS|~|NULL
So said a federal judge , in a case involving two players for the minor league Bluefield , Va. , Orioles , a Baltimore farm team|~|The players were heckled by a patron during a July 4 , 1988 , game with the Martinsville Phillies|~|RB VBD DT JJ NN , IN DT NN VBG CD NNS IN DT JJ NN NNP , NNP , NNP , DT NNP NN NN|~|DT NNS VBD VBN IN DT NN IN DT NNP CD , CD , NN IN DT NNP NNPS|~|NULL
These are all market excesses -LRB- putting aside the artificial boosts that the tax code gives to debt over equity -RRB- , and what we 've seen is the market reining them in|~|Of course , Washington had n't been silent in the days leading up to the debacle , and its tendency to meddle in the leverage equation remains a troublesome prospect , but those preliminary steps should n't distract us from the basic market fundamentalism that was at work on Friday|~|DT VBP DT NN NNS -LRB- VBG RP DT JJ NNS IN DT NN NN VBZ TO NN IN NN -RRB- , CC WP PRP VBP VBN VBZ DT NN VBG PRP IN|~|IN NN , NNP VBD RB VBN JJ IN DT NNS VBG RB TO DT NN , CC PRP$ NN TO VB IN DT NN NN VBZ DT JJ NN , CC DT JJ NNS MD RB VB PRP IN DT JJ NN NN WDT VBD IN NN IN NNP|~|NULL
The ceremonies began Friday afternoon when word spread that the UAL buy-out was collapsing|~|Although the union-bidder expects to patch together a substitute offer , consisting of less cash , the failure to get cash from Japanese and American banks confirmed a growing fear among arbitragers that the pageant of high-leverage takeover deals is ending|~|DT NNS VBD NNP NN WRB NN VBD IN DT NNP NN VBD VBG|~|IN DT NN VBZ TO NN RP DT NN NN , VBG IN JJR NN , DT NN TO VB NN IN JJ CC JJ NNS VBD DT VBG NN IN NNS IN DT NN IN JJ NN NNS VBZ VBG|~|NULL
To the extent that Friday 's sell-off reflected a sudden reappraisal of the excesses of leverage , the message is that Wall Street and the private markets are fully capable of imposing the appropriate incentives and sanctions on corporate behavior|~|The national economic interests are much better served allowing the private interests of bankers and investors be the ultimate judges of the investment quality of various LBO deals and leveraged restructurings|~|TO DT NN IN NNP POS NN VBD DT JJ NN IN DT NNS IN NN , DT NN VBZ IN NNP NNP CC DT JJ NNS VBP RB JJ IN VBG DT JJ NNS CC NNS IN JJ NN|~|DT JJ JJ NNS VBP RB RB VBN VBG DT JJ NNS IN NNS CC NNS VB DT JJ NNS IN DT NN NN IN JJ NN NNS CC JJ NNS|~|NULL
Hilton lost 20 % on Friday ; Paramount lost almost 11 %|~|A careful look reveals that where deal financing has been secured , the target 's stock price was not affected on Friday|~|NNP VBD CD NN IN NNP : NNP VBD RB CD NN|~|DT JJ NN VBZ IN WRB NN NN VBZ VBN VBN , DT NN POS NN NN VBD RB VBN IN NNP|~|NULL
The market for so-called junk bonds has been setting the stage for Friday 's dramatic march for several weeks|~|The growing financial difficulties of recent high-leverage restructurings or takeovers , such as Resorts International , Integrated Resources , and Campeau 's retailing empire , have cast a pall over the entire market for high-yield securities|~|DT NN IN JJ NN NNS VBZ VBN VBG DT NN IN NNP POS JJ NN IN JJ NNS|~|DT VBG JJ NNS IN JJ JJ NNS CC NNS , JJ IN NNP NNP , NNP NNPS , CC NNP POS NN NN , VBP VBN DT NN IN DT JJ NN IN JJ NNS|~|NULL
The arbitragers and takeover initiatiors got killed on Gray Friday , while the besieged managers of prospective targets cheered lustily|~|If you identify with the besieged managers , you must concede that speedy and effective relief from the excesses of the takeover market is more likely to come from the marketplace than from Washington|~|DT NNS CC NN NNS VBD VBN IN NNP NNP , IN DT VBN NNS IN JJ NNS VBD RB|~|IN PRP VBP IN DT VBN NNS , PRP MD VB IN JJ CC JJ NN IN DT NNS IN DT NN NN VBZ RBR JJ TO VB IN DT NN IN IN NNP|~|NULL
If takeover premiums become excessive , if LBO dealmakers become too aggressive , then the private market will recognize these problems more quickly and accurately than will policy makers , and the markets will move with lightning speed to impose appropriate sanctions|~|Yes , the broader exchanges got caught up in the spiral , but they rode the tiger up all year|~|IN NN NNS VBP JJ , IN NNP NNS VBP RB JJ , RB DT JJ NN MD VB DT NNS RBR RB CC RB IN MD NN NNS , CC DT NNS MD VB IN NN NN TO VB JJ NNS|~|UH , DT JJR NNS VBD VBN RP IN DT NN , CC PRP VBD DT NN RP DT NN|~|NULL
A careful look reveals that where deal financing has been secured , the target 's stock price was not affected on Friday|~|The multibillion-dollar prospects , where the bidder must line up a consortium of banks and\/or issue billions in high-yield debt , were where the damage was concentrated|~|DT JJ NN VBZ IN WRB NN NN VBZ VBN VBN , DT NN POS NN NN VBD RB VBN IN NNP|~|DT JJ NNS , WRB DT NN MD VB RP DT NN IN NNS CC VB NNS IN JJ NN , VBD WRB DT NN VBD VBN|~|NULL
Yes , the broader exchanges got caught up in the spiral , but they rode the tiger up all year|~|Not surprisingly , he sometimes bites|~|UH , DT JJR NNS VBD VBN RP IN DT NN , CC PRP VBD DT NN RP DT NN|~|RB RB , PRP RB VBZ|~|NULL
UAL , which triggered the slide , opened Monday at $ 224 , down about 20 % from Thursday 's close|~|AMR opened Monday at $ 80 , down nearly 20 % from Thursday 's close|~|NNP , WDT VBD DT NN , VBD NNP IN $ CD , RB IN CD NN IN NNP POS NN|~|NNP VBD NNP IN $ CD , RB RB CD NN IN NNP POS NN|~|NULL
After all , the stock market 's response to the collapse of the UAL deal might be taken to confirm the anti-debt direction of regulators|~|Is this a case where private markets are approving of Washington 's bashing of Wall Street|~|IN DT , DT NN NN POS NN TO DT NN IN DT NNP NN MD VB VBN TO VB DT JJ NN IN NNS|~|VBZ DT DT NN WRB JJ NNS VBP VBG IN NNP POS NN IN NNP NNP|~|NULL
If you identify with the besieged managers , you must concede that speedy and effective relief from the excesses of the takeover market is more likely to come from the marketplace than from Washington|~|If you side with the arbitragers and raiders , you clearly have more to fear from private investors than from regulators , although the Delaware courts should never be underestimated|~|IN PRP VBP IN DT VBN NNS , PRP MD VB IN JJ CC JJ NN IN DT NNS IN DT NN NN VBZ RBR JJ TO VB IN DT NN IN IN NNP|~|IN PRP NN IN DT NNS CC NNS , PRP RB VBP JJR TO VB IN JJ NNS IN IN NNS , IN DT NNP NNS MD RB VB VBN|~|NULL
The national economic interests are much better served allowing the private interests of bankers and investors be the ultimate judges of the investment quality of various LBO deals and leveraged restructurings|~|The recent difficulties in the junk-bond markets and the scarcity of bank capital for recent deals underscores the wisdom of letting the free markets operate|~|DT JJ JJ NNS VBP RB RB VBN VBG DT JJ NNS IN NNS CC NNS VB DT JJ NNS IN DT NN NN IN JJ NN NNS CC JJ NNS|~|DT JJ NNS IN DT NN NNS CC DT NN IN NN NN IN JJ NNS VBZ DT NN IN VBG DT JJ NNS VB|~|NULL
The truth is , Washington understands politics better than economics|~|Although the average citizen is probably not harmed too much from Washington 's rhetorical war against Wall Street regarding excessive financial leveraging , actual legislation would probably impose considerable harm|~|DT NN VBZ , NNP VBZ NNS RBR IN NNS|~|IN DT JJ NN VBZ RB RB VBN RB JJ IN NNP POS JJ NN IN NNP NNP VBG JJ JJ NN , JJ NN MD RB VB JJ NN|~|NULL
What really spooked the crowds along Wall Street , however , was the sudden concern that , whatever the reason , the pool of debt capital is drying up|~|Gray Friday reflects a panic mainly by the takeover arbitragers , rather than the small investor , as their highly margined investments in the `` deal '' stocks are jeopardized by the unexpected drying up of the lubricant for deal financing|~|WP RB VBD DT NNS IN NNP NNP , RB , VBD DT JJ NN IN , WDT DT NN , DT NN IN NN NN VBZ VBG RP|~|NNP NNP VBZ DT NN RB IN DT NN NNS , RB IN DT JJ NN , IN PRP$ RB JJ NNS IN DT `` NN '' NNS VBP VBN IN DT JJ VBG IN IN DT NN IN NN NN|~|NULL
Both took further hits yesterday|~|Hilton lost 20 % on Friday ; Paramount lost almost 11 %|~|DT VBD JJ NNS NN|~|NNP VBD CD NN IN NNP : NNP VBD RB CD NN|~|NULL
Deal stocks led the market down as they absorbed the heaviest losses|~|UAL , which triggered the slide , opened Monday at $ 224 , down about 20 % from Thursday 's close|~|NN NNS VBD DT NN RB IN PRP VBD DT JJS NNS|~|NNP , WDT VBD DT NN , VBD NNP IN $ CD , RB IN CD NN IN NNP POS NN|~|NULL
The growing financial difficulties of recent high-leverage restructurings or takeovers , such as Resorts International , Integrated Resources , and Campeau 's retailing empire , have cast a pall over the entire market for high-yield securities|~|Investors have reacted by ignoring recent efforts to float junk bonds by Ohio Mattress and by forcing Ramada to postpone indefinitely its planned junk-bond sale and restructuring|~|DT VBG JJ NNS IN JJ JJ NNS CC NNS , JJ IN NNP NNP , NNP NNPS , CC NNP POS NN NN , VBP VBN DT NN IN DT JJ NN IN JJ NNS|~|NNS VBP VBN IN VBG JJ NNS TO VB NN NNS IN NNP NNP CC IN VBG NNP TO VB RB PRP$ VBN NN NN CC NN|~|NULL
The latest crewcut in the equities markets reminds me of the joke T. Boone Pickens tells about the guy who was run over by the parade|~|When asked `` What went wrong ? '' the unfortunate victim replied , `` It was a combination of things|~|DT JJS NN IN DT NNS NNS VBZ PRP IN DT NN NNP NNP NNP VBZ IN DT NN WP VBD VBN RP IN DT NN|~|WRB VBD `` WP VBD JJ . '' DT JJ NN VBD , `` PRP VBD DT NN IN NNS|~|NULL
Is this a case where private markets are approving of Washington 's bashing of Wall Street|~|Absolutely not|~|VBZ DT DT NN WRB JJ NNS VBP VBG IN NNP POS NN IN NNP NNP|~|RB RB|~|NULL
Although the average citizen is probably not harmed too much from Washington 's rhetorical war against Wall Street regarding excessive financial leveraging , actual legislation would probably impose considerable harm|~|Any such attempt to distinguish `` good debt '' from `` bad debt , '' or to draw the line at a particular industry , such as the airlines , is likely to blunt the spur that the proper amount of leverage provides both to equity markets and economic efficiency in general|~|IN DT JJ NN VBZ RB RB VBN RB JJ IN NNP POS JJ NN IN NNP NNP VBG JJ JJ NN , JJ NN MD RB VB JJ NN|~|DT JJ NN TO VB `` JJ NN '' IN `` JJ NN , '' CC TO VB DT NN IN DT JJ NN , JJ IN DT NNS , VBZ JJ TO VB DT NN IN DT JJ NN IN NN VBZ DT TO NN NNS CC JJ NN IN JJ|~|NULL
AMR opened Monday at $ 80 , down nearly 20 % from Thursday 's close|~|Both took further hits yesterday|~|NNP VBD NNP IN $ CD , RB RB CD NN IN NNP POS NN|~|DT VBD JJ NNS NN|~|NULL
If it is correct to find that concerns over corporate debt and LBOs caused Gray Friday , what are the implications for policy makers|~|After all , the stock market 's response to the collapse of the UAL deal might be taken to confirm the anti-debt direction of regulators|~|IN PRP VBZ JJ TO VB IN NNS IN JJ NN CC NNS VBD NNP NNP , WP VBP DT NNS IN NN NNS|~|IN DT , DT NN NN POS NN TO DT NN IN DT NNP NN MD VB VBN TO VB DT JJ NN IN NNS|~|NULL
Lots of other entries made up the parade , of course -- notably a surprisingly large increase in producer prices , signalling Federal Reserve tightness ; and the Bush administration 's -LRB- temporary ? -RRB- defeat in trying to lower the capital-gains tax|~|As usual , few favorable reviews were heard for that ever-present marching band of program traders , although most serious studies suggest they only play the music that others write|~|NNS IN JJ NNS VBD RP DT NN , IN NN : RB DT RB JJ NN IN NN NNS , VBG NNP NNP NN : CC DT NNP NN POS -LRB- JJ . -RRB- VB IN VBG TO VB DT NNS NN|~|IN JJ , JJ JJ NNS VBD VBN IN DT JJ VBG NN IN NN NNS , IN JJS JJ NNS VBP PRP RB VBP DT NN IN NNS VBP|~|NULL
In American Stock Exchange composite trading , ISI closed up $ 3.125 at $ 18.625|~|In Montreal Exchange trading , Memotec closed unchanged at 10.625 Canadian dollars -LRB- US$ 9.05|~|IN NNP NNP NNP JJ NN , NNP VBD RB $ CD IN $ CD|~|IN NNP NNP NN , NNP VBD JJ IN CD JJ NNS -LRB- $ CD|~|NULL
But it said Charles Johnston , ISI chairman and president , agreed to sell his 60 % stake in ISI to Memotec upon completion of the tender offer for a combination of cash , Memotec stock and debentures|~|Memotec said the tender offer is conditioned on , among other things , holders tendering at least 15 % of the shares outstanding , other than the shares held by Mr. Johnston|~|CC PRP VBD NNP NNP , NNP NN CC NN , VBD TO VB PRP$ CD NN NN IN NNP TO NNP IN NN IN DT NN NN IN DT NN IN NN , JJ NN CC NNS|~|NNP VBD DT NN NN VBZ VBN RP , IN JJ NNS , NNS VBG IN JJS CD NN IN DT NNS JJ , JJ IN DT NNS VBN IN NNP NNP|~|NULL
ISI said its board has instructed management to accept inquiries from any others interested in making a bid|~|ISI said it can withdraw from the merger agreement with Memotec if a better bid surfaces|~|NNP VBD PRP$ NN VBZ VBN NN TO VB NNS IN DT NNS VBN IN VBG DT NN|~|NNP VBD PRP MD VB IN DT NN NN IN NNP IN DT JJR NN VBZ|~|NULL
Memotec said 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|~|Memotec is a Montreal-based maker of telecommunications products and provider of telecommunications and computer services|~|NNP VBD IN DT NN , NNP , DT NNP , NNP , NN IN NN NN CC NNS TO DT NN NN , MD VB IN DT NNP NN IN NNP VBN IN DT NN|~|NNP VBZ DT JJ NN IN NN NNS CC NN IN NNS CC NN NNS|~|NULL
He said the third-quarter estimate indicates profit for the nine months of $ 4.65 a share , `` almost equal to the full-year 1988 earnings '' of $ 108.6 million , or $ 4.81 a share|~|In the first nine months of 1988 , net was $ 85 million , or $ 3.76 a share|~|PRP VBD DT JJ NN VBZ NN IN DT CD NNS IN $ CD DT NN , `` RB JJ TO DT JJ CD NNS '' IN $ CD CD , CC $ CD DT NN|~|IN DT JJ CD NNS IN CD , NN VBD $ CD CD , CC $ CD DT NN|~|NULL
But in the end , customers ' wishes are what will prevail|~|Big Bear does n't care for disposable diapers , which are n't biodegradable|~|CC IN DT NN , NNS POS NNS VBP WP MD VB|~|NNP NNP VBZ RB VB IN JJ NNS , WDT VBP RB JJ|~|NULL
There 's always a risk of lost messages , '' says John Fitzgerald , chairman of Ketchum Advertising USA , which created similar radio spots for Pittsburgh National Bank|~|It 's a question of how much credibility you gain for the possible loss of recognition|~|EX VBZ RB DT NN IN VBN NNS , '' VBZ NNP NNP , NN IN NNP NNP NNP , WDT VBD JJ NN NNS IN NNP NNP NNP|~|PRP VBZ DT NN IN WRB JJ NN PRP NN IN DT JJ NN IN NN|~|NULL
That does n't thrill Procter & Gamble Co. , maker of Cascade dishwasher detergent|~|A company spokesman questioned the validity of the list , noting that chlorine is present in all major dishwasher detergents|~|DT VBZ RB VB NNP CC NNP NNP , NN IN NNP NN NN|~|DT NN NN VBD DT NN IN DT NN , VBG IN NN VBZ JJ IN DT JJ NN NNS|~|NULL
Emanuel Goldman , a PaineWebber Inc. analyst , predicts Kentucky Fried Chicken will post an 11 % drop in 1989 net income|~|They 've been laggard , '' he says , `` but they 'll have to become more aggressive|~|NNP NNP , DT NNP NNP NN , VBZ NNP NNP NNP MD VB DT CD NN NN IN CD NN NN|~|PRP VBP VBN JJ , '' PRP VBZ , `` CC PRP MD VB TO VB RBR JJ|~|NULL
CALL IT un-advertising|~|Pittsburgh consultant David Bear is selling a soft approach to clients who want exposure yet shun pushy ads|~|NNP VBD JJ|~|NNP NN NNP NNP VBZ VBG DT JJ NN TO NNS WP VBP NN CC VBP JJ NNS|~|NULL
Retailer Sees Pitfalls In Environmental Push|~|HERE 'S a retailer that 's getting tough in the push for environmentally safe packaging and products|~|NNP NNP NNP IN NNP VBP|~|RB VBZ DT NN WDT VBZ VBG JJ IN DT NN IN RB JJ NN CC NNS|~|NULL
They 've been laggard , '' he says , `` but they 'll have to become more aggressive|~|Reluctant Advertisers Try Soft-Sell Spots|~|PRP VBP VBN JJ , '' PRP VBZ , `` CC PRP MD VB TO VB RBR JJ|~|JJ NNS VBP JJ NNS|~|NULL
Big Bear Supermarkets Inc. , a grocery chain based in San Diego , plans to display shelf cards and distribute pamphlets recommending products deemed safe for the environment|~|The choices will be based on research by the San Diego Environmental Health Coalition and will include products like Murphy 's Oil Soap and other noncorrosive cleaners|~|NNP NNP NNP NNP , DT NN NN VBN IN NNP NNP , VBZ TO VB NN NNS CC VB NNS VBG NNS VBN JJ IN DT NN|~|DT NNS MD VB VBN IN NN IN DT NNP NNP NNP NNP NNP CC MD VB NNS IN NNP POS NNP NNP CC JJ JJ NNS|~|NULL
Which celebrity endorsers are most believable|~|For the third year in a row , consumers voted Bill Cosby first and James Garner second in persuasiveness as spokesmen in TV commercials , according to Video Storyboard Tests , New York|~|WDT NN NNS VBP RBS JJ|~|IN DT JJ NN IN DT NN , NNS VBD NNP NNP RB CC NNP NNP JJ IN NN IN NNS IN NN NNS , VBG TO NNP NNP NNP , NNP NNP|~|NULL
His ploy : 60-second radio spots that offer helpful hints|~|The only plug for the sponsor is a brief mention at the end of the spot|~|PRP$ NN : JJ NN NNS WDT VBP JJ NNS|~|DT JJ NN IN DT NN VBZ DT JJ NN IN DT NN IN DT NN|~|NULL
Yet parents demand them|~|Says Mr. Dahlen , `` We 'll still be forced to sell items we might not philosophically agree with|~|CC NNS VBP PRP|~|VBZ NNP NNP , `` PRP MD RB VB VBN TO VB NNS PRP MD RB RB VB IN|~|NULL
Thomas G. Dahlen , Big Bear 's executive vice president , said the chain is still reviewing its product list to avoid such problems|~|Our intent is to promote the best alternative , '' he says|~|NNP NNP NNP , NNP NNP POS JJ NN NN , VBD DT NN VBZ RB VBG PRP$ NN NN TO VB JJ NNS|~|PRP$ NN VBZ TO VB DT JJS NN , '' PRP VBZ|~|NULL
But such spots can be too soft|~|There 's always a risk of lost messages , '' says John Fitzgerald , chairman of Ketchum Advertising USA , which created similar radio spots for Pittsburgh National Bank|~|CC JJ NNS MD VB RB JJ|~|EX VBZ RB DT NN IN VBN NNS , '' VBZ NNP NNP , NN IN NNP NNP NNP , WDT VBD JJ NN NNS IN NNP NNP NNP|~|NULL
The loss of more customers is the latest in a string of problems|~|Church 's Fried Chicken Inc. and Popeye 's Famous Fried Chicken Inc. , which have merged , are still troubled by overlapping restaurant locations|~|DT NN IN JJR NNS VBZ DT JJS IN DT NN IN NNS|~|NNP POS NNP NNP NNP CC NNP POS NNP NNP NNP NNP , WDT VBP VBN , VBP RB VBN IN VBG NN NNS|~|NULL
It 's a question of how much credibility you gain for the possible loss of recognition|~|Retailer Sees Pitfalls In Environmental Push|~|PRP VBZ DT NN IN WRB JJ NN PRP NN IN DT JJ NN IN NN|~|NNP NNP NNP IN NNP VBP|~|NULL
For the third year in a row , consumers voted Bill Cosby first and James Garner second in persuasiveness as spokesmen in TV commercials , according to Video Storyboard Tests , New York|~|Michael J. Fox replaced Bruce Willis in third place ; Cher placed fourth for the second time|~|IN DT JJ NN IN DT NN , NNS VBD NNP NNP RB CC NNP NNP JJ IN NN IN NNS IN NN NNS , VBG TO NNP NNP NNP , NNP NNP|~|NNP NNP NNP VBD NNP NNP IN JJ NN : NNP VBD JJ IN DT JJ NN|~|NULL
A Kentucky Fried Chicken spokesman , however , disputed the notion that the delivery service experienced problems in some markets where testing has been discontinued|~|He says the test is continuing in Chicago , Columbus , Ohio , and a few other cities|~|DT NNP NNP NNP NN , RB , VBD DT NN IN DT NN NN VBD NNS IN DT NNS WRB NN VBZ VBN VBN|~|PRP VBZ DT NN VBZ VBG IN NNP , NNP , NNP , CC DT JJ JJ NNS|~|NULL
New un-advertisers include Burt Hill Kosar Rittlemann Associates , a Butler , Pa. , architectural firm|~|Its radio series features such spots as `` Floodlights : Evening Wear for Urban Structures '' and `` Building a Place to Park|~|JJ NNS VBP NNP NNP NNP NNP NNPS , DT NNP , NNP , JJ NN|~|PRP$ NN NN VBZ JJ NNS IN `` NNS : NNP NNP IN NNP NNPS '' CC `` NNP DT NN TO NNP|~|NULL
Chicken Chains Ruffled By Loss of Customers|~|FAST-FOOD chicken chains , faced with a worsening business slump , are struggling to hatch some new marketing strategies|~|NNP NNPS VBN IN NN IN NNS|~|JJ NN NNS , VBN IN DT VBG NN NN , VBP VBG TO VB DT JJ NN NNS|~|NULL
Reluctant Advertisers Try Soft-Sell Spots|~|CALL IT un-advertising|~|JJ NNS VBP JJ NNS|~|NNP VBD JJ|~|NULL
A study by Safeway 's Scanner Marketing Research shows soap sales climbed 5 % when bars were neatly stacked on shelves instead of dumped in a wire basket|~|Which celebrity endorsers are most believable|~|DT NN IN NNP POS NNP NNP NNP VBZ NN NNS VBD CD NN WRB NNS VBD RB VBN IN NNS RB IN VBN IN DT NN NN|~|WDT NN NNS VBP RBS JJ|~|NULL
In fact , Lever Bros. confirms that its Sunlight brand does contain chlorine bleach , even though it is n't listed on the label for the powder version|~|Thomas G. Dahlen , Big Bear 's executive vice president , said the chain is still reviewing its product list to avoid such problems|~|IN NN , NNP NNPS VBZ IN PRP$ NNP NN VBZ VB NN NN , RB IN PRP VBZ RB VBN IN DT NN IN DT NN NN|~|NNP NNP NNP , NNP NNP POS JJ NN NN , VBD DT NN VBZ RB VBG PRP$ NN NN TO VB JJ NNS|~|NULL
Its radio series features such spots as `` Floodlights : Evening Wear for Urban Structures '' and `` Building a Place to Park|~|A harder sell , says John Kosar , the firm 's president , would `` detract from the profession|~|PRP$ NN NN VBZ JJ NNS IN `` NNS : NNP NNP IN NNP NNPS '' CC `` NNP DT NN TO NNP|~|DT JJR NN , VBZ NNP NNP , DT NN POS NN , MD `` VB IN DT NN|~|NULL
The i860 , introduced earlier this year , is Intel 's entry in the crowded market for reduced instruction set computing , or RISC , computers|~|Intel , based in Santa Clara , Calif. , is the market leader for traditional microprocessors with its 8086 family that forms the heart of IBM-compatible personal computers|~|DT NN , VBN RBR DT NN , VBZ NNP POS NN IN DT JJ NN IN VBN NN NN NN , CC NNP , NNS|~|NNP , VBN IN NNP NNP , NNP , VBZ DT NN NN IN JJ NNS IN PRP$ CD NN WDT VBZ DT NN IN JJ JJ NNS|~|NULL
Alliant said it plans to use the microprocessor in future products|~|It declined to discuss its plans for upgrading its current product line|~|NNP VBD PRP VBZ TO VB DT NN IN JJ NNS|~|PRP VBD TO VB PRP$ NNS IN VBG PRP$ JJ NN NN|~|NULL
Alliant , based in Littleton , Mass. , will license its parallel-computing technologies to Intel , providing users a way to let many i860 microprocessors in a single computer work on a problem simultaneously|~|Alliant said it plans to use the microprocessor in future products|~|NNP , VBN IN NNP , NNP , MD VB PRP$ JJ NNS TO NNP , VBG NNS DT NN TO VB JJ JJ NNS IN DT JJ NN VB IN DT NN RB|~|NNP VBD PRP VBZ TO VB DT NN IN JJ NNS|~|NULL
Under the agreement , Intel will invest $ 3 million to acquire a 4 % stake in Alliant , a maker of minisupercomputers for scientists and engineers|~|Alliant , based in Littleton , Mass. , will license its parallel-computing technologies to Intel , providing users a way to let many i860 microprocessors in a single computer work on a problem simultaneously|~|IN DT NN , NNP MD VB $ CD CD TO VB DT CD NN NN IN NNP , DT NN IN NNS IN NNS CC NNS|~|NNP , VBN IN NNP , NNP , MD VB PRP$ JJ NNS TO NNP , VBG NNS DT NN TO VB JJ JJ NNS IN DT JJ NN VB IN DT NN RB|~|NULL
Merrill Lynch 's commission revenue grew 21 % , however , to $ 462.8 million , on higher share prices and volume and on strong sales of mutual funds|~|Revenue derived from interest and dividends jumped 30 % to $ 1.4 billion|~|NNP NNP POS NN NN VBD CD NN , RB , TO $ CD CD , IN JJR NN NNS CC NN CC IN JJ NNS IN JJ NNS|~|NN VBN IN NN CC NNS VBD CD NN TO $ CD CD|~|NULL
Bear Stearns said net in the first quarter ended Sept. 29 reached $ 22.1 million , or 23 cents a share , from $ 20.5 million , or 20 cents a share , in the year-earlier quarter|~|Gross revenue rose 21 % to $ 580.4 million from $ 478.9 million|~|NNP NNP VBD NN IN DT JJ NN VBN NNP CD VBD $ CD CD , CC CD NNS DT NN , IN $ CD CD , CC CD NNS DT NN , IN DT JJ NN|~|NNP NN VBD CD NN TO $ CD CD IN $ CD CD|~|NULL
Separately , PaineWebber posted net income for the third quarter of $ 16.8 million , or 41 cents a share , reflecting a `` broad-based improvement '' in the company 's core businesses|~|Retail profit surged , but the company said it was only a `` modest contributor '' to third-quarter results|~|RB , NNP VBD JJ NN IN DT JJ NN IN $ CD CD , CC CD NNS DT NN , VBG DT `` JJ NN '' IN DT NN POS NN NNS|~|JJ NN VBD , CC DT NN VBD PRP VBD RB DT `` JJ NN '' TO JJ NNS|~|NULL
Profit from trading for its own account dropped , the securities firm said|~|Investment banking revenue climbed 25 % , while commission revenue advanced 31 % on a stronger retail market|~|NN IN NN IN PRP$ JJ NN VBD , DT NNS NN VBD|~|NN NN NN VBD CD NN , IN NN NN VBD CD NN IN DT JJR JJ NN|~|NULL
At Merrill Lynch , third-period net was $ 41 million , or 34 cents a share , down from $ 65.6 million , or 58 cents a share , a year ago|~|Total revenue reached $ 2.83 billion , up 10 % from $ 2.57 billion|~|IN NNP NNP , JJ NN VBD $ CD CD , CC CD NNS DT NN , RB IN $ CD CD , CC CD NNS DT NN , DT NN RB|~|JJ NN VBD $ CD CD , RB CD NN IN $ CD CD|~|NULL
A year ago , net at the New York investment banking firm was $ 20.9 million , or 50 cents a share , including a special pretax gain of $ 46.3 million from the sale of the company 's interest in National Car Rental Systems Inc|~|Revenue was $ 444.9 million , including net interest , down slightly from $ 450.7 million|~|DT NN RB , NN IN DT NNP NNP NN NN NN VBD $ CD CD , CC CD NNS DT NN , VBG DT JJ JJ NN IN $ CD CD IN DT NN IN DT NN POS NN IN NNP NNP NNP NNPS NNP|~|NN VBD $ CD CD , VBG JJ NN , RB RB IN $ CD CD|~|NULL
Revenue derived from interest and dividends jumped 30 % to $ 1.4 billion|~|Asset-management fee revenue grew 12 % to $ 151 million|~|NN VBN IN NN CC NNS VBD CD NN TO $ CD CD|~|JJ NN NN VBD CD NN TO $ CD CD|~|NULL
Investment banking revenue climbed 25 % , while commission revenue advanced 31 % on a stronger retail market|~|Bear Stearns is the holding company for Bear , Stearns & Co. , the investment banking and brokerage firm|~|NN NN NN VBD CD NN , IN NN NN VBD CD NN IN DT JJR JJ NN|~|NNP NNP VBZ DT VBG NN IN NNP , NNP CC NNP , DT NN NN CC NN NN|~|NULL
The firm 's drop in net reflected weaker revenue in transactions for its own account -- a decline of 19 % to $ 314.6 million on reduced revenue from trading fixed-income securities|~|Investment banking revenue fell 22 % to $ 296.6 million on fewer equity and municipal underwritings|~|DT NN POS NN IN NN VBD JJR NN IN NNS IN PRP$ JJ NN : DT NN IN CD NN TO $ CD CD IN JJ NN IN NN NN NNS|~|NN NN NN VBD CD NN TO $ CD CD IN JJR NN CC JJ NNS|~|NULL
Mark McGwire , the big , red-haired Oakland first baseman , had three hits in four at bats , two more than he 'd had in the five-game Dodger series in which he 'd gone 1-for-17|~|The A-men batting Nos. 6 through 9 , a.k.a. the `` bottom of the order , '' got seven of their team 's 11 hits and scored four of its runs in a 5-0 decision|~|NNP NNP , DT JJ , JJ NNP JJ NN , VBD CD NNS IN CD IN NNS , CD JJR IN PRP VBD VBN IN DT JJ NNP NN IN WDT PRP VBD VBN JJ|~|DT JJ NN NNP CD IN CD , VBP DT `` NN IN DT NN , '' VBD CD IN PRP$ NN POS CD NNS CC VBD CD IN PRP$ NNS IN DT CD NN|~|NULL
A few folks even showed up wearing caps bearing the colors and emblems of both teams|~|I 'm for the Giants today , but only because they lost yesterday|~|DT JJ NNS RB VBD RP VBG NNS VBG DT NNS CC NNS IN DT NNS|~|PRP VBP IN DT NNP NN , CC RB IN PRP VBD NN|~|NULL
In game two , on a cool Sunday evening in this land of perpetual autumn , a lot of the catching up was done by the A 's catcher , Terry Steinbach|~|He hit a 2-0 pitch from Rick Reuschel into the left-field stands in inning four to stretch his team 's lead from 2-1 to a decisive 5-1 , where it stayed|~|IN NN CD , IN DT JJ NNP NN IN DT NN IN JJ NN , DT NN IN DT VBG RB VBD VBN IN DT NNP POS NN , NNP NNP|~|PRP VBD DT JJ NN IN NNP NNP IN DT JJ NN IN NN CD TO VB PRP$ NN POS NN IN CD TO DT JJ CD , WRB PRP VBD|~|NULL
Every guy they put out there had a better split-finger than the guy before , '' marveled Giant manager Roger Craig|~|He 's an ex-hurler who 's one of the leading gurus of the fashionable delivery , which looks like a fastball until it dives beneath the lunging bat|~|DT NN PRP VBD RP RB VBD DT JJR NN IN DT NN RB , '' VBD NNP NN NNP NNP|~|PRP VBZ DT NN WP VBZ CD IN DT VBG NNS IN DT JJ NN , WDT VBZ IN DT NN IN PRP VBZ IN DT JJ NN|~|NULL
It 's that last set of numbers , as much as anything else , that gives the Giants hope in the Series games to come|~|I believe in the law of averages , '' declared San Francisco batting coach Dusty Baker after game two|~|PRP VBZ DT JJ NN IN NNS , RB RB IN NN RB , WDT VBZ DT NNPS NN IN DT NN NNS TO VB|~|PRP VBP IN DT NN IN NNS , '' VBD NNP NNP NN NN NNP NNP IN NN CD|~|NULL
The stat to reckon with here says that about three of four clubs -LRB- 29 of 39 -RRB- that took 2-0 Series leads went on to win it all|~|That 's not an average to soothe Giant rooters|~|DT NN TO VB IN RB VBZ IN IN CD IN CD NNS -LRB- CD IN CD -RRB- WDT VBD CD NN NNS VBD RP TO VB PRP DT|~|DT VBZ RB DT NN TO VB JJ NNS|~|NULL
In the opening game , besides Steinbach and Stewart , there was Walt Weiss , a twiggy-looking , second-year shortstop who had lost a couple months of the season to knee surgery|~|He was flawless afield -LRB- ditto in game two -RRB- , moved a runner along in the A 's three-run second inning , and homered for his team 's final tally|~|IN DT NN NN , IN NNP CC NNP , EX VBD NNP NNP , DT JJ , JJ NN WP VBD VBN DT JJ NNS IN DT NN TO NN NN|~|PRP VBD JJ NN -LRB- VBN IN NN CD -RRB- , VBD DT NN IN IN DT NNP POS JJ JJ NN , CC VBD IN PRP$ NN POS JJ NN|~|NULL
An A 's co-hero of the second game was Rickey Henderson , who exemplifies the hot side of the hot-cold equation|~|He smoked Toronto in the playoffs with six hits , seven walks and eight stolen bases in 22 at bats , and continued that by going 3-for-3 at the plate Sunday , along with walking , stealing a base and scoring a run|~|DT NN POS NN IN DT JJ NN VBD NNP NNP , WP VBZ DT JJ NN IN DT JJ NN|~|PRP VBD NNP IN DT NNS IN CD NNS , CD NNS CC CD JJ NNS IN CD IN NNS , CC VBD DT IN VBG JJ IN DT NN NNP , IN IN VBG , VBG DT NN CC VBG DT NN|~|NULL
He was flawless afield -LRB- ditto in game two -RRB- , moved a runner along in the A 's three-run second inning , and homered for his team 's final tally|~|Such is his reputation among the East Bay Bashers that when he hit his first career home run last season , the fan who caught it agreed to turn the ball over to him in return for an autograph|~|PRP VBD JJ NN -LRB- VBN IN NN CD -RRB- , VBD DT NN IN IN DT NNP POS JJ JJ NN , CC VBD IN PRP$ NN POS JJ NN|~|JJ VBZ PRP$ NN IN DT NNP NNP NNPS IN WRB PRP VBD PRP$ JJ NN NN NN JJ NN , DT NN WP VBD PRP VBD TO VB DT NN RP TO PRP IN NN IN DT NN|~|NULL
Such is his reputation among the East Bay Bashers that when he hit his first career home run last season , the fan who caught it agreed to turn the ball over to him in return for an autograph|~|Not his autograph ; power-hitter McGwire 's|~|JJ VBZ PRP$ NN IN DT NNP NNP NNPS IN WRB PRP VBD PRP$ JJ NN NN NN JJ NN , DT NN WP VBD PRP VBD TO VB DT NN RP TO PRP IN NN IN DT NN|~|RB PRP$ NN : JJ NNP POS|~|NULL
He hit a 2-0 pitch from Rick Reuschel into the left-field stands in inning four to stretch his team 's lead from 2-1 to a decisive 5-1 , where it stayed|~|So what if Steinbach had struck just seven home runs in 130 regular-season games , and batted in the seventh position of the A 's lineup|~|PRP VBD DT JJ NN IN NNP NNP IN DT JJ NN IN NN CD TO VB PRP$ NN POS NN IN CD TO DT JJ CD , WRB PRP VBD|~|RB WP IN NNP VBD VBN RB CD NN NNS IN CD JJ NNS , CC VBD IN DT JJ NN IN DT NNP POS NN|~|NULL
Right-hander Dave Stewart held the Giants to five hits to account for the zero on the other side of the Saturday ledger|~|That he was the A 's winningest pitcher during its American League campaign with a 21-9 mark , plus two wins over Toronto in the playoffs , indicates he may have some evening up coming , but with the way his split-fingered fastball is behaving , that might not be this week|~|JJ NNP NNP VBD DT NNPS TO CD NNS TO VB IN DT NN IN DT JJ NN IN DT NNP NN|~|IN PRP VBD DT NNP POS JJS NN IN PRP$ NNP NNP NN IN DT JJ NN , CC CD NNS IN NNP IN DT NNS , VBZ PRP MD VB DT NN IN VBG , CC IN DT NN PRP$ JJ NN VBZ VBG , DT MD RB VB DT NN|~|NULL
One might think that the home fans in this Series of the Subway Called BART -LRB- that 's a better name for a public conveyance than `` Desire , '' do n't you think ? -RRB- would have been ecstatic over the proceedings , but they observe them in relative calm|~|Partisans of the two combatants sat side by side in the 49,000-plus seats of Oakland Coliseum , and while they cheered their favorites and booed the opposition , hostilities advanced no further , at least as far as I could see|~|PRP MD VB IN DT NN NNS IN DT NN IN DT NNP NNP NNP -LRB- DT VBZ DT JJR NN IN DT JJ NN IN `` NNP , '' VBP RB PRP VB . -RRB- MD VB VBN JJ IN DT NNS , CC PRP VBP PRP IN JJ NN|~|NNS IN DT CD NNS VBD NN IN NN IN DT JJ NNS IN NNP NNP , CC IN PRP VBD PRP$ NNS CC VBD DT NN , NNS VBD DT RBR , IN JJS RB RB IN PRP MD VB|~|NULL
When it goes , you never know when you 'll get it back , '' he said|~|That 's baseball|~|WRB PRP VBZ , PRP RB VBP WRB PRP MD VB PRP RB , '' PRP VBD|~|DT VBZ NN|~|NULL
The team that dumped runs by the bushel on the Chicago Cubs in the National League playoffs was held to just one in two games by the home-team Oakland A 's , the gang that had been done unto similarly by the Los Angeles Dodgers and Orel Hershiser in last year 's tournament|~|Morever , much of the damage was accomplished by A 's who had some catching up to do|~|DT NN WDT VBD NNS IN DT NN IN DT NNP NNP IN DT NNP NNP NNS VBD VBN TO RB CD IN CD NNS IN DT JJ NNP NNP POS , DT NN WDT VBD VBN VBN VBN RB IN DT NNP NNP NNPS CC NNP NNP IN JJ NN POS NN|~|RB , JJ IN DT NN VBD VBN IN NNP POS WP VBD DT VBG RP TO VB|~|NULL
I choose to believe it 's the latter , although it probably springs from the fact that just about everyone out here , including the A 's and Giants , is originally from somewhere else|~|Suffice it to say 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 to separate opposing fans , and only the suicidal would bifurcate their bonnets|~|PRP VBP TO VB PRP VBZ DT NN , IN PRP RB VBZ IN DT NN IN RB IN NN IN RB , VBG DT NNP POS CC NNPS , VBZ RB IN RB RB|~|VB PRP TO VB IN IN DT VBD DT NNP NNP NNP NN , CC CD IN DT NNP NNP CC NNP NNPS -LRB- RB , PRP VBZ JJ -RRB- , PRP MD VB VBN NNS IN DT JJ NN TO VB JJ NNS , CC RB DT NN MD VB PRP$ NNS|~|NULL
He smoked Toronto in the playoffs with six hits , seven walks and eight stolen bases in 22 at bats , and continued that by going 3-for-3 at the plate Sunday , along with walking , stealing a base and scoring a run|~|When you 're in the groove , you see every ball tremendously , '' he lectured|~|PRP VBD NNP IN DT NNS IN CD NNS , CD NNS CC CD JJ NNS IN CD IN NNS , CC VBD DT IN VBG JJ IN DT NN NNP , IN IN VBG , VBG DT NN CC VBG DT NN|~|WRB PRP VBP IN DT NN , PRP VBP DT NN RB , '' PRP VBD|~|NULL
Anyway , the A 's gave you a lot of heroes to root for|~|In the opening game , besides Steinbach and Stewart , there was Walt Weiss , a twiggy-looking , second-year shortstop who had lost a couple months of the season to knee surgery|~|RB , DT NNP VBZ VBD PRP DT NN IN NNS TO VB IN|~|IN DT NN NN , IN NNP CC NNP , EX VBD NNP NNP , DT JJ , JJ NN WP VBD VBN DT JJ NNS IN DT NN TO NN NN|~|NULL
The cold guys in the set were Will Clark , Kevin Mitchell and Matt Williams , the Giants ' 3-4-5 hitters|~|They combined for 25 hits , six home runs and 24 runs batted in in the five games against the Cubs|~|DT JJ NNS IN DT NN VBD NNP NNP , NNP NNP CC NNP NNP , DT NNPS POS JJ NNS|~|PRP VBN IN CD NNS , CD NN NNS CC CD NNS VBN RP IN DT CD NNS IN DT NNP|~|NULL
On Saturday night , quite a few of the boys in green and gold salted away successes to salve the pain of past and , no doubt , future droughts|~|Mark McGwire , the big , red-haired Oakland first baseman , had three hits in four at bats , two more than he 'd had in the five-game Dodger series in which he 'd gone 1-for-17|~|IN NNP NN , RB DT JJ IN DT NNS IN NN CC NN VBD RP NNS TO VB DT NN IN NN CC , DT VBP , JJ NNS|~|NNP NNP , DT JJ , JJ NNP JJ NN , VBD CD NNS IN CD IN NNS , CD JJR IN PRP VBD VBN IN DT JJ NNP NN IN WDT PRP VBD VBN JJ|~|NULL
I believe in the law of averages , '' declared San Francisco batting coach Dusty Baker after game two|~|I 'd rather see a so-so hitter who 's hot come up for the other side than a good hitter who 's cold|~|PRP VBP IN DT NN IN NNS , '' VBD NNP NNP NN NN NNP NNP IN NN CD|~|PRP MD RB VB DT JJ NN WP VBZ JJ VB RP IN DT JJ NN IN DT JJ NN WP VBZ JJ|~|NULL
Baseball , that game of the long haul , is the quintessential sport of the mean , and the mean ol' law caught up with the San Francisco Giants in the World Series last weekend|~|The team that dumped runs by the bushel on the Chicago Cubs in the National League playoffs was held to just one in two games by the home-team Oakland A 's , the gang that had been done unto similarly by the Los Angeles Dodgers and Orel Hershiser in last year 's tournament|~|NNP , DT NN IN DT JJ NN , VBZ DT JJ NN IN DT JJ , CC DT NN NN NN VBN RP IN DT NNP NNP NNPS IN DT NNP NNP JJ NN|~|DT NN WDT VBD NNS IN DT NN IN DT NNP NNP IN DT NNP NNP NNS VBD VBN TO RB CD IN CD NNS IN DT JJ NNP NNP POS , DT NN WDT VBD VBN VBN VBN RB IN DT NNP NNP NNPS CC NNP NNP IN JJ NN POS NN|~|NULL
I 'm for the Giants today , but only because they lost yesterday|~|I love 'em both|~|PRP VBP IN DT NNP NN , CC RB IN PRP VBD NN|~|PRP VBP PRP DT|~|NULL
But the old Dodger slugger wisely offered no prediction about when good times would return to his side|~|When it goes , you never know when you 'll get it back , '' he said|~|CC DT JJ NNP NN RB VBD DT NN IN WRB JJ NNS MD VB TO PRP$ NN|~|WRB PRP VBZ , PRP RB VBP WRB PRP MD VB PRP RB , '' PRP VBD|~|NULL
You know what the law of averages is , do n't you|~|It 's what 1 -RRB- explains why we are like , well , ourselves rather than Bo Jackson ; 2 -RRB- cautions that it 's possible to drown in a lake that averages two feet deep ; and 3 -RRB- predicts that 10,000 monkeys placed before 10,000 pianos would produce 1,118 publishable rock 'n' roll tunes|~|PRP VBP WP DT NN IN NNS VBZ , VBP RB PRP|~|PRP VBZ WP LS -RRB- VBZ WRB PRP VBP JJ , RB , PRP RB IN NNP NNP : CD -RRB- VBZ IN PRP VBZ JJ TO VB IN DT NN WDT NNS CD NNS RB : CC CD -RRB- VBZ IN CD NNS VBN IN CD NNS MD VB CD JJ NN CC NN NNS|~|NULL
The upshot of the downshoot is that the A 's go into San Francisco 's Candlestick Park tonight up two games to none in the best-of-seven fest|~|The stat to reckon with here says that about three of four clubs -LRB- 29 of 39 -RRB- that took 2-0 Series leads went on to win it all|~|DT NN IN DT NN VBZ IN DT NNP VBZ VB IN NNP NNP POS NNP NNP NN RB CD NNS TO NN IN DT JJ NN|~|DT NN TO VB IN RB VBZ IN IN CD IN CD NNS -LRB- CD IN CD -RRB- WDT VBD CD NN NNS VBD RP TO VB PRP DT|~|NULL
The above represents a triumph of either apathy or civility|~|I choose to believe it 's the latter , although it probably springs from the fact that just about everyone out here , including the A 's and Giants , is originally from somewhere else|~|DT RB VBZ DT NN IN DT NN CC NN|~|PRP VBP TO VB PRP VBZ DT NN , IN PRP RB VBZ IN DT NN IN RB IN NN IN RB , VBG DT NNP POS CC NNPS , VBZ RB IN RB RB|~|NULL
They combined for 25 hits , six home runs and 24 runs batted in in the five games against the Cubs|~|They went a collective 5-for-24 here , with zero homers and ribbies|~|PRP VBN IN CD NNS , CD NN NNS CC CD NNS VBN RP IN DT CD NNS IN DT NNP|~|PRP VBD DT JJ JJ RB , IN VB NNS CC NNS|~|NULL
That he was the A 's winningest pitcher during its American League campaign with a 21-9 mark , plus two wins over Toronto in the playoffs , indicates he may have some evening up coming , but with the way his split-fingered fastball is behaving , that might not be this week|~|The same goes for Mike Moore , another veteran who overcame early struggles to permit the Giants but a run and four hits in seven innings in Sunday 's contest|~|IN PRP VBD DT NNP POS JJS NN IN PRP$ NNP NNP NN IN DT JJ NN , CC CD NNS IN NNP IN DT NNS , VBZ PRP MD VB DT NN IN VBG , CC IN DT NN PRP$ JJ NN VBZ VBG , DT MD RB VB DT NN|~|DT JJ VBZ IN NNP NNP , DT NN WP VBD JJ NNS TO VB DT NNPS CC DT NN CC CD NNS IN CD NNS IN NNP POS NN|~|NULL
I love 'em both|~|The only thing I 'm rooting for is for the Series to go seven games , '' said David Williams , a Sacramento septuagenarian , at the Coliseum before Sunday 's go|~|PRP VBP PRP DT|~|DT JJ NN PRP VBP VBG IN VBZ IN DT NNP TO VB CD NNS , '' VBD NNP NNP , DT NNP NN , IN DT NNP IN NNP POS VB|~|NULL
Canada initially had an export prohibition that was replaced by regulations requiring that such fish had to be brought ashore in British Columbia by commercial fishermen prior to export|~|This action was defended by the Canadian government on conservation grounds|~|NNP RB VBD DT NN NN WDT VBD VBN IN NNS VBG IN JJ NN VBD TO VB VBN RB IN NNP NNP IN JJ NNS RB TO NN|~|DT NN VBD VBN IN DT JJ NN IN NN NNS|~|NULL
Mrs. Hills said the U.S. wo n't accept any delays after Nov. 13 because U.S. fish-processing firms enter into contracts in the fall to purchase the next season 's catch|~|She said the Canadian restrictions must be removed before such contracts are concluded|~|NNP NNP VBD DT NNP MD RB VB DT NNS IN NNP CD IN NNP JJ NNS VBP IN NNS IN DT NN TO VB DT JJ NN POS NN|~|PRP VBD DT JJ NNS MD VB VBN IN JJ NNS VBP VBN|~|NULL
Congress has been critical of the Bush administration for not sending enough aid to Poland , so it is getting ready to send its own version of a CARE package|~|Last month , the Senate voted to send a delegation of congressional staffers to Poland to assist its legislature , the Sejm , in democratic procedures|~|NNP VBZ VBN JJ IN DT NNP NN IN RB VBG JJ NN TO NNP , IN PRP VBZ VBG JJ TO VB PRP$ JJ NN IN DT NNP NN|~|JJ NN , DT NNP VBD TO VB DT NN IN JJ NNS TO NNP TO VB PRP$ NN , DT NNP , IN JJ NNS|~|NULL
The Poles might do better to view it as a Trojan Horse|~|It is the vast shadow government of 15,000 congressional staffers that helps create such legislative atrocities as the 1,376 page , 13-pound reconciliation bill that claimed to be the budget of the United States|~|DT NNPS MD VB RBR TO VB PRP IN DT NNP NNP|~|PRP VBZ DT JJ NN NN IN CD JJ NNS WDT VBZ VB JJ JJ NNS IN DT CD NN , JJ NN NN WDT VBD TO VB DT NN IN DT NNP NNPS|~|NULL
Senator Pete Domenici calls this effort `` the first gift of democracy|~|The Poles might do better to view it as a Trojan Horse|~|NNP NNP NNP VBZ DT NN `` DT JJ NN IN NN|~|DT NNPS MD VB RBR TO VB PRP IN DT NNP NNP|~|NULL
Last month , the Senate voted to send a delegation of congressional staffers to Poland to assist its legislature , the Sejm , in democratic procedures|~|Senator Pete Domenici calls this effort `` the first gift of democracy|~|JJ NN , DT NNP VBD TO VB DT NN IN JJ NNS TO NNP TO VB PRP$ NN , DT NNP , IN JJ NNS|~|NNP NNP NNP VBZ DT NN `` DT JJ NN IN NN|~|NULL
It is the vast shadow government of 15,000 congressional staffers that helps create such legislative atrocities as the 1,376 page , 13-pound reconciliation bill that claimed to be the budget of the United States|~|Maybe after the staffers explain their work to the Poles , they 'd be willing to come back and do the same for the American people|~|PRP VBZ DT JJ NN NN IN CD JJ NNS WDT VBZ VB JJ JJ NNS IN DT CD NN , JJ NN NN WDT VBD TO VB DT NN IN DT NNP NNPS|~|RB IN DT NNS VB PRP$ NN TO DT NNPS , PRP MD VB JJ TO VB RB CC VB DT JJ IN DT JJ NNS|~|NULL
That 's good news , because we all swim in this water|~|Added another executive at a big bank : `` We were all a little goosey over the weekend trying to forecast what would happen -LCB- Monday -RCB- , but it 's been very quiet|~|DT VBZ JJ NN , IN PRP DT VBP IN DT NN|~|VBD DT NN IN DT JJ NN : `` PRP VBD DT DT JJ NN IN DT NN VBG TO VB WP MD VB -LRB- NNP -RRB- , CC PRP VBZ VBN RB JJ|~|NULL
Added another executive at a big bank : `` We were all a little goosey over the weekend trying to forecast what would happen -LCB- Monday -RCB- , but it 's been very quiet|~|Now , as for tomorrow , hell , who knows|~|VBD DT NN IN DT JJ NN : `` PRP VBD DT DT JJ NN IN DT NN VBG TO VB WP MD VB -LRB- NNP -RRB- , CC PRP VBZ VBN RB JJ|~|RB , IN IN NN , NN , WP VBZ|~|NULL
We 're seeing nothing out of the ordinary , '' said one official at a Top 10 bank|~|That 's good news , because we all swim in this water|~|PRP VBP VBG NN IN IN DT JJ , '' VBD CD NN IN DT JJ CD NN|~|DT VBZ JJ NN , IN PRP DT VBP IN DT NN|~|NULL
As usual the green lobby 's proposal is disconnected from scientific reality|~|Consider the greenhouse-effect provision|~|IN JJ DT JJ NN POS NN VBZ VBN IN JJ NN|~|VB DT JJ NN|~|NULL
He can spend the legal maximum for his campaign ; all the spending for the Van de Kamp initiative -LRB- on which there are no limits -RRB- is gravy|~|This initiative is being labeled The Big Green , but maybe it should be called The Big Greenback|~|PRP MD VB DT JJ NN IN PRP$ NN : PDT DT NN IN DT NNP NNP NNP NN -LRB- IN WDT EX VBP DT NNS -RRB- VBZ NN|~|DT NN VBZ VBG VBN DT NNP NNP , CC RB PRP MD VB VBN DT NNP NNP|~|NULL
The initiative creates a free floating state environmental officer to sue companies or government agencies that do things he does n't like|~|That means the NRDC and such groups no longer would have to spend as much money on litigation ; taxpayers would bear the cost|~|DT NN VBZ DT JJ JJ NN JJ NN TO VB NNS CC NN NNS WDT VBP NNS PRP VBZ RB VB|~|DT VBZ DT NNP CC JJ NNS RB RB MD VB TO VB RB JJ NN IN NN : NNS MD VB DT NN|~|NULL
The first place to look under these circumstances is at the ways in which the sponsors themselves will benefit|~|The key here is the ambition of state Attorney General John Van de Kamp|~|DT JJ NN TO VB IN DT NNS VBZ IN DT NNS IN WDT DT NNS PRP MD VB|~|DT NN RB VBZ DT NN IN NN NNP NNP NNP NNP NNP NNP|~|NULL
Mr. Van de Kamp and his allies may be hoping that the environment is such a mom and apple-pie issue among certain segments of California 's population now that almost any collection of anti-scientific , anti-pocketbook nonsense can pass under its rubric|~|Of course the state 's liberals are not yet a nation unto themselves|~|NNP NNP NNP NNP CC PRP$ NNS MD VB VBG IN DT NN VBZ JJ DT NN CC JJ NN IN JJ NNS IN NNP POS NN RB IN RB DT NN IN JJ , JJ NN MD VB IN PRP$ NN|~|IN NN DT NN POS NNS VBP RB RB DT NN IN PRP|~|NULL
We 've always thought that Mr. Wright underestimated California 's vitality , but maybe the state 's la-la factions are starting to overwhelm the forces that made it such a significant place|~|What else is one to make of the whacky save-the-earth initiative just proposed by several major environmental groups and organized by the state 's attorney general|~|PRP VBP RB VBN IN NNP NNP VBD NNP POS NN , CC RB DT NN POS JJ NNS VBP VBG TO VB DT NNS WDT VBN PRP JJ DT JJ NN|~|WP RB VBZ NN TO VB IN DT JJ JJ NN RB VBN IN JJ JJ JJ NNS CC VBN IN DT NN POS NN NN|~|NULL
The key here is the ambition of state Attorney General John Van de Kamp|~|He 's running for governor|~|DT NN RB VBZ DT NN IN NN NNP NNP NNP NNP NNP NNP|~|PRP VBZ VBG IN NN|~|NULL
Not only Californians but all Americans would pay if this thing passed|~|The initiative bars the sale of any crops in California that do n't meet the initiative 's standards|~|RB RB NNS CC DT NNPS MD VB IN DT NN VBD|~|DT NN VBZ DT NN IN DT NNS IN NNP WDT VBP RB VB DT NN POS NNS|~|NULL
The proposed initiative would mandate a reduction of carbon dioxide of 40 %|~|Even if one buys into the whole greenhouse theory , it is inconceivable that reductions in a single state could have any impact on what is billed as a global problem|~|DT VBN NN MD VB DT NN IN NN NN IN CD NN|~|RB IN PRP VBZ IN DT JJ NN NN , PRP VBZ JJ IN NNS IN DT JJ NN MD VB DT NN IN WP VBZ VBN IN DT JJ NN|~|NULL
While it is possible that the Big Green initiative will be ruled unconstitutional , it is of course conceivable that in modern California it could slide through|~|This is the state that recently passed the Prop. 65 anti-toxic initiative|~|IN PRP VBZ JJ IN DT NNP NNP NN MD VB VBN JJ , PRP VBZ IN NN JJ IN IN JJ NNP PRP MD VB IN|~|DT VBZ DT NN WDT RB VBD DT NNP CD JJ NN|~|NULL
If passed by the voters , the recently announced initiative would phase out major pesticides , reduce carbon dioxide emissions by 40 % , ban new offshore drilling , ban chemicals thought to deplete the ozone layer , and create a new state environmental officer armed with a $ 40 million budget to sue any firm or agency he thinks is being too dirty|~|The initiative is based largely on the wish-lists of the green lobby : the Sierra Club , the League of Conservation Voters , the Natural Resources Defense Council , the National Toxics Campaign and the Citizens for a Better Environment|~|IN VBN IN DT NNS , DT RB VBN NN MD VB RP JJ NNS , VB NN NN NNS IN CD NN , VB JJ JJ NN , VB NNS VBN TO VB DT NN NN , CC VB DT JJ NN JJ NN VBN IN DT $ CD CD NN TO VB DT NN CC NN PRP VBZ VBZ VBG RB JJ|~|DT NN VBZ VBN RB IN DT NNS IN DT JJ NN : DT NNP NNP , DT NNP IN NNP NNPS , DT NNP NNPS NNP NNP , DT NNP NNP NNP CC DT NNPS IN DT NNP NNP|~|NULL
The initiative is based largely on the wish-lists of the green lobby : the Sierra Club , the League of Conservation Voters , the Natural Resources Defense Council , the National Toxics Campaign and the Citizens for a Better Environment|~|Interestingly , the Environmental Defense Fund is having nothing to do with this one|~|DT NN VBZ VBN RB IN DT NNS IN DT JJ NN : DT NNP NNP , DT NNP IN NNP NNPS , DT NNP NNPS NNP NNP , DT NNP NNP NNP CC DT NNPS IN DT NNP NNP|~|RB , DT NNP NNP NNP VBZ VBG NN TO VB IN DT CD|~|NULL
But if rational science and economics have nothing to do with the new environment initiative , what is going on|~|The first place to look under these circumstances is at the ways in which the sponsors themselves will benefit|~|CC IN JJ NN CC NNS VBP NN TO VB IN DT JJ NN NN , WP VBZ VBG IN|~|DT JJ NN TO VB IN DT NNS VBZ IN DT NNS IN WDT DT NNS PRP MD VB|~|NULL
Consider the greenhouse-effect provision|~|The proposed initiative would mandate a reduction of carbon dioxide of 40 %|~|VB DT JJ NN|~|DT VBN NN MD VB DT NN IN NN NN IN CD NN|~|NULL
This initiative is being labeled The Big Green , but maybe it should be called The Big Greenback|~|The Republican candidate , Sen. Pete Wilson , is playing the initiative fundraising game too , sponsoring his own crime initiative|~|DT NN VBZ VBG VBN DT NNP NNP , CC RB PRP MD VB VBN DT NNP NNP|~|DT JJ NN , NNP NNP NNP , VBZ VBG DT NN NN NN RB , VBG PRP$ JJ NN NN|~|NULL
Frank Lloyd Wright is reported to have said once that if you tipped the world on its side , everything loose would end up in California|~|We 've always thought that Mr. Wright underestimated California 's vitality , but maybe the state 's la-la factions are starting to overwhelm the forces that made it such a significant place|~|NNP NNP NNP VBZ VBN TO VB VBN RB IN IN PRP VBD DT NN IN PRP$ NN , NN RB MD VB RP IN NNP|~|PRP VBP RB VBN IN NNP NNP VBD NNP POS NN , CC RB DT NN POS JJ NNS VBP VBG TO VB DT NNS WDT VBN PRP JJ DT JJ NN|~|NULL
This is the state that recently passed the Prop. 65 anti-toxic initiative|~|If this new proposal ever does become law , the green lobby will benefit directly|~|DT VBZ DT NN WDT RB VBD DT NNP CD JJ NN|~|IN DT JJ NN RB VBZ VBN NN , DT JJ NN MD VB RB|~|NULL
And it allows Mr. Van de Kamp to get around campaign spending limits|~|He can spend the legal maximum for his campaign ; all the spending for the Van de Kamp initiative -LRB- on which there are no limits -RRB- is gravy|~|CC PRP VBZ NNP NNP NNP NNP TO VB IN NN NN NNS|~|PRP MD VB DT JJ NN IN PRP$ NN : PDT DT NN IN DT NNP NNP NNP NN -LRB- IN WDT EX VBP DT NNS -RRB- VBZ NN|~|NULL
The initiative bars the sale of any crops in California that do n't meet the initiative 's standards|~|Kansas wheat farmers and Florida fruit growers would have to adjust or give up the California market|~|DT NN VBZ DT NN IN DT NNS IN NNP WDT VBP RB VB DT NN POS NNS|~|NNP NN NNS CC NNP NN NNS MD VB TO VB CC VB RP DT NNP NN|~|NULL
Mr. Farley said 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|~|He did n't elaborate on other asset sales being considered|~|NNP NNP VBD DT NN IN CD IN NNP POS CD JJ NNS CC JJ `` JJ '' JJ JJ NN NNS IN NNP , MD VB RP DT NN IN IN $ CD CD|~|PRP VBD RB VB IN JJ NN NNS VBG VBN|~|NULL
Bidermann sells clothes under various labels , including Yves Saint Laurent and Bill Robinson for men and Ralph Lauren for women|~|A spokesman said the company had sales of $ 400 million in 1988|~|NNP VBZ NNS IN JJ NNS , VBG NNP NNP NNP CC NNP NNP IN NNS CC NNP NNP IN NNS|~|DT NN VBD DT NN VBD NNS IN $ CD CD IN CD|~|NULL
Cluett was an independent company until West Point-Pepperell acquired it for $ 375 million in cash and stock in 1986|~|In the fiscal year ended Sept. 30 , 1988 , Cluett had operating profit of $ 37 million on sales of $ 757 million|~|NNP VBD DT JJ NN IN NNP NNP VBD PRP IN $ CD CD IN NN CC NN IN CD|~|IN DT JJ NN VBN NNP CD , CD , NNP VBD VBG NN IN $ CD CD IN NNS IN $ CD CD|~|NULL
The companies said the agreement is subject to Bidermann 's receipt of financing and to regulatory and other approvals|~|They said the sale is expected to be concluded by the end of November|~|DT NNS VBD DT NN VBZ JJ TO NNP POS NN IN NN CC TO JJ CC JJ NNS|~|PRP VBD DT NN VBZ VBN TO VB VBN IN DT NN IN NNP|~|NULL
Highland Valley is a large Canadian producer and principal supplier to Japan , which recently began seeking copper elsewhere as its inventories shrank|~|Last week it was reported that company and union negotiations had overcome the major hurdle , the contracting out of work by the company|~|NNP NNP VBZ DT JJ JJ NN CC JJ NN TO NNP , WDT RB VBD VBG NN RB IN PRP$ NNS VBD|~|JJ NN PRP VBD VBN IN NN CC NN NNS VBD VBN DT JJ NN , DT NN IN IN NN IN DT NN|~|NULL
The December contract ended with a loss of 0.22 cent a pound , at 74.48 cents|~|Technical considerations following the hurricane , which was a factor in the market Friday , caused prices to decline yesterday , said Ernest Simon , cotton specialist for Prudential-Bache Securities , New York|~|DT NNP NN VBD IN DT NN IN CD NN DT NN , IN CD NNS|~|NNP NNS VBG DT NN , WDT VBD DT NN IN DT NN NNP , VBD NNS TO VB NN , VBD NNP NNP , NN NN IN NNP NNPS , NNP NNP|~|NULL
Earlier in the session , the prices of several soybean contracts set new lows|~|A broad rally began when several major processors began buying futures contracts , apparently to take advantage of the price dip|~|RB IN DT NN , DT NNS IN JJ NN NNS VBD JJ NNS|~|DT JJ NN VBD WRB JJ JJ NNS VBD VBG NNS NNS , RB TO VB NN IN DT NN NN|~|NULL
ENERGY|~|Worried that Friday 's 190-point stock market plunge might be a harbinger of things to come for the economy , petroleum futures traders called a halt to the recent string of increases in crude oil futures prices|~|NNP|~|JJ IN NNP POS JJ NN NN NN MD VB DT NN IN NNS TO VB IN DT NN , NN NNS NNS VBD DT NN TO DT JJ NN IN NNS IN JJ NN NNS NNS|~|NULL
SUGAR|~|Futures prices declined|~|RB|~|NNS NNS VBD|~|NULL
Back on Friday , Oct. 16 , l987 , the stock market declined during the day , and gold prices surged as the stock market fell|~|The October 1987 contract that day rose as much as $ 8.70 to as high as $ 471.60 , and the more deferred positions , due to mature as late as March 1989 , rose as much as $ 9.60|~|RB IN NNP , NNP CD , CD , DT NN NN VBD IN DT NN , CC NN NNS VBD IN DT NN NN VBD|~|DT NNP CD NN DT NN VBD RB JJ IN $ CD TO RB JJ IN $ CD , CC DT RBR JJ NNS , JJ TO VB RB RB IN NNP CD , VBD RB JJ IN $ CD|~|NULL
The U.S. benchmark crude , West Texas Intermediate , closed at $ 20.59 a barrel for November delivery , down 30 cents|~|Some analysts said crude was due for a correction anyhow , following several days of significant gains|~|DT NNP NN NN , NNP NNP NNP , VBD IN $ CD DT NN IN NNP NN , RB CD NNS|~|DT NNS VBD NN VBD JJ IN DT NN NN , VBG JJ NNS IN JJ NNS|~|NULL
Copper inventories in New York 's Commodity Exchange warehouses rose yesterday by 516 tons , to 10,004 tons|~|London Metal Exchange copper inventories last week declined 13,575 tons , to 89,300 tons|~|NN NNS IN NNP NNP POS NNP NNP NNS VBD NN IN CD NNS , TO CD NNS|~|NNP NNP NNP NN NNS JJ NN VBD CD NNS , TO CD NNS|~|NULL
Gold was nowhere the spectacular performer it was two years ago on Black Monday|~|For one thing , last Friday , precious metals markets closed before the stock market went into its late-in-the-day nose dive , so it could n't react to it|~|NN VBD RB DT JJ NN PRP VBD CD NNS RB IN NNP NNP|~|IN CD NN , JJ NNP , JJ NNS NNS VBN IN DT NN NN VBD IN PRP$ JJ NN NN , IN PRP MD RB VB TO PRP|~|NULL
But most market observers agreed that Friday 's stock market drop is what dampened spirits in the petroleum pits yesterday|~|Until yesterday , futures prices had been headed up on expectations that world oil demand will continue to be strong|~|CC JJS NN NNS VBD IN NNP POS NN NN NN VBZ WP VBD NNS IN DT NN NNS NN|~|IN NN , NNS NNS VBD VBN VBN RP IN NNS IN NN NN NN MD VB TO VB JJ|~|NULL
However , this was brushed aside by concern over the stock market , the analyst said|~|At one point in futures trading , as the stock market firmed , the December contract rose to as high as $ 1.2965 , but it was n't able to sustain the gain|~|RB , DT VBD VBN RP IN NN IN DT NN NN , DT NN VBD|~|IN CD NN IN NNS NN , IN DT NN NN VBD , DT NNP NN VBD TO RB JJ IN $ CD , CC PRP VBD RB JJ TO VB DT NN|~|NULL
Now , the analyst said , only minor points remain to be cleaned up|~|For all intents and purposes , an agreement appears to have been achieved , '' he said|~|RB , DT NN VBD , RB JJ NNS VBP TO VB VBN RP|~|IN DT NNS CC NNS , DT NN VBZ TO VB VBN VBN , '' PRP VBD|~|NULL
COTTON|~|Futures prices eased , more in reaction to Hurricane Jerry than to any influence of the stock market|~|JJ|~|NNS NNS VBD , RBR IN NN TO NNP NNP IN TO DT NN IN DT NN NN|~|NULL
The December contract declined 3.05 cents a pound to $ 1.2745|~|Prices were down from the outset of trading on concern that a drop in the stock market might create a weakened economy and a consequent reduction in copper use|~|DT NNP NN VBD CD NNS DT NN TO $ CD|~|NNS VBD RB IN DT NN IN NN IN NN IN DT NN IN DT NN NN MD VB DT JJ NN CC DT JJ NN IN NN NN|~|NULL
London Metal Exchange copper inventories last week declined 13,575 tons , to 89,300 tons|~|The LME stocks decline was about as expected , but the Comex gain was n't|~|NNP NNP NNP NN NNS JJ NN VBD CD NNS , TO CD NNS|~|DT NNP NNS NN VBD RB RB VBN , CC DT NNP NN VBD RB|~|NULL
Copper and crude oil reacted sharply to the concern that a crash yesterday could have a potentially devastating effect on the economy|~|Copper fell and showed little rebound through the day as one of the major supply problems that had been supporting prices appeared to be solved|~|NN CC JJ NN VBD RB TO DT NN IN DT JJ NN MD VB DT RB JJ NN IN DT NN|~|NN VBD CC VBD JJ NN IN DT NN IN CD IN DT JJ NN NNS WDT VBD VBN VBG NNS VBD TO VB VBN|~|NULL
Worried that Friday 's 190-point stock market plunge might be a harbinger of things to come for the economy , petroleum futures traders called a halt to the recent string of increases in crude oil futures prices|~|The U.S. benchmark crude , West Texas Intermediate , closed at $ 20.59 a barrel for November delivery , down 30 cents|~|JJ IN NNP POS JJ NN NN NN MD VB DT NN IN NNS TO VB IN DT NN , NN NNS NNS VBD DT NN TO DT JJ NN IN NNS IN JJ NN NNS NNS|~|DT NNP NN NN , NNP NNP NNP , VBD IN $ CD DT NN IN NNP NN , RB CD NNS|~|NULL
COPPER|~|Futures prices fell and showed little rebound as one major labor problem that had been underpinning prices appeared to be solved|~|RB|~|NNS NNS VBD CC VBD JJ NN IN CD JJ NN NN WDT VBD VBN VBG NNS VBD TO VB VBN|~|NULL
But the recovery in the stock market provided little help for copper as word spread that a three-month strike at the Highland Valley mine in British Columbia was about over , according to an analyst|~|Highland Valley is a large Canadian producer and principal supplier to Japan , which recently began seeking copper elsewhere as its inventories shrank|~|CC DT NN IN DT NN NN VBD JJ NN IN NN IN NN VBD IN DT JJ NN IN DT NNP NNP NN IN NNP NNP VBD RB JJ , VBG TO DT NN|~|NNP NNP VBZ DT JJ JJ NN CC JJ NN TO NNP , WDT RB VBD VBG NN RB IN PRP$ NNS VBD|~|NULL
December silver was up 2.3 cents an ounce at $ 5.163|~|Platinum behaved more like an industrial metal , easing early on concern over a possible weaker economy , but recovering later , as the stock market strengthened|~|NNP NN VBD RB CD NNS DT NN IN $ CD|~|NN VBD JJR IN DT JJ NN , VBG RB IN NN IN DT JJ JJR NN , CC VBG RB , IN DT NN NN VBD|~|NULL
Technical considerations following the hurricane , which was a factor in the market Friday , caused prices to decline yesterday , said Ernest Simon , cotton specialist for Prudential-Bache Securities , New York|~|Prices rose sharply Friday as the storm approached Texas and Louisiana , which is part of the Mississippi Delta cotton-growing area|~|NNP NNS VBG DT NN , WDT VBD DT NN IN DT NN NNP , VBD NNS TO VB NN , VBD NNP NNP , NN NN IN NNP NNPS , NNP NNP|~|NNS VBD RB NNP IN DT NN VBD NNP CC NNP , WDT VBZ NN IN DT NNP NNP NN NN|~|NULL
Last week it was reported that company and union negotiations had overcome the major hurdle , the contracting out of work by the company|~|Now , the analyst said , only minor points remain to be cleaned up|~|JJ NN PRP VBD VBN IN NN CC NN NNS VBD VBN DT JJ NN , DT NN IN IN NN IN DT NN|~|RB , DT NN VBD , RB JJ NNS VBP TO VB VBN RP|~|NULL
For one thing , last Friday , precious metals markets closed before the stock market went into its late-in-the-day nose dive , so it could n't react to it|~|Back on Friday , Oct. 16 , l987 , the stock market declined during the day , and gold prices surged as the stock market fell|~|IN CD NN , JJ NNP , JJ NNS NNS VBN IN DT NN NN VBD IN PRP$ JJ NN NN , IN PRP MD RB VB TO PRP|~|RB IN NNP , NNP CD , CD , DT NN NN VBD IN DT NN , CC NN NNS VBD IN DT NN NN VBD|~|NULL
Until yesterday , futures prices had been headed up on expectations that world oil demand will continue to be strong|~|The Organization of Petroleum Exporting Countries increased its production ceiling for the fourth quarter based on projections of robust demand|~|IN NN , NNS NNS VBD VBN VBN RP IN NNS IN NN NN NN MD VB TO VB JJ|~|DT NNP IN NNP NNP NNPS VBD PRP$ NN NN IN DT JJ NN VBN IN NNS IN JJ NN|~|NULL
For all intents and purposes , an agreement appears to have been achieved , '' he said|~|Copper inventories in New York 's Commodity Exchange warehouses rose yesterday by 516 tons , to 10,004 tons|~|IN DT NNS CC NNS , DT NN VBZ TO VB VBN VBN , '' PRP VBD|~|NN NNS IN NNP NNP POS NNP NNP NNS VBD NN IN CD NNS , TO CD NNS|~|NULL
Futures prices eased , more in reaction to Hurricane Jerry than to any influence of the stock market|~|The December contract ended with a loss of 0.22 cent a pound , at 74.48 cents|~|NNS NNS VBD , RBR IN NN TO NNP NNP IN TO DT NN IN DT NN NN|~|DT NNP NN VBD IN DT NN IN CD NN DT NN , IN CD NNS|~|NULL
Platinum behaved more like an industrial metal , easing early on concern over a possible weaker economy , but recovering later , as the stock market strengthened|~|Gold was nowhere the spectacular performer it was two years ago on Black Monday|~|NN VBD JJR IN DT JJ NN , VBG RB IN NN IN DT JJ JJR NN , CC VBG RB , IN DT NN NN VBD|~|NN VBD RB DT JJ NN PRP VBD CD NNS RB IN NNP NNP|~|NULL
Another analyst thought that India may have pulled back because of the concern over the stock market|~|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 , '' said Judith Ganes , analyst for Shearson Lehman Hutton , New York|~|DT NN VBD IN NNP MD VB VBN RB IN IN DT NN IN DT NN NN|~|NNP MD VB VBN IN IN EX VBD DT JJ NN IN DT NN NN CC PRP VBD NN , PRP MD VB IN JJR NNS , '' VBD NNP NNP , NN IN NNP NNP NNP , NNP NNP|~|NULL
In commodity markets yesterday : PRECIOUS METALS : Futures prices were moderately higher as gold gave up some of its early gains and platinum behaved independently , first falling and then later rising|~|Silver performed quietly|~|IN NN NNS NN : JJ NNS : NNS NNS VBD RB JJR IN NN VBD RP DT IN PRP$ JJ NNS CC NN VBD RB , RB VBG CC RB RB VBG|~|NNP VBD RB|~|NULL
One analyst , Peter Cardillo of Josephthal & Co. , New York , said the gold market already had some good price-supporting technical factors that would have caused prices to rise , with or without the stock market|~|What the stock market did was cause the rise to take place earlier than it would have happened , '' said Mr. Cardillo|~|CD NN , NNP NNP IN NNP CC NNP , NNP NNP , VBD DT NN NN RB VBD DT JJ JJ JJ NNS WDT MD VB VBN NNS TO VB , IN CC IN DT NN NN|~|WP DT NN NN VBD VBD VB DT NN TO VB NN RBR IN PRP MD VB VBN , '' VBD NNP NNP|~|NULL
Copper fell and showed little rebound through the day as one of the major supply problems that had been supporting prices appeared to be solved|~|Crude oil declined early , but as the stock market retained early gains , it , too , became stronger , ending with a small net loss|~|NN VBD CC VBD JJ NN IN DT NN IN CD IN DT JJ NN NNS WDT VBD VBN VBG NNS VBD TO VB VBN|~|JJ NN VBD RB , CC IN DT NN NN VBD JJ NNS , PRP , RB , VBD JJR , VBG IN DT JJ JJ NN|~|NULL
The March contract was off 0.32 cent a pound at 13.97 cents|~|At one point in early trading the March price rose to as high as 14.22 cents when the stock market recovered , but the price then fell back|~|DT NNP NN VBD RB CD NN DT NN IN CD NNS|~|IN CD NN IN JJ NN DT NNP NN VBD TO RB JJ IN CD NNS WRB DT NN NN VBD , CC DT NN RB VBD RB|~|NULL
A price-depressing factor , one analyst said , was that India , which had been expected to buy around 200,000 tons of sugar in the world market , did n't make any purchases|~|India recently bought 200,000 tons and was expected to buy more , the analyst said|~|DT JJ NN , CD NN VBD , VBD IN NNP , WDT VBD VBN VBN TO VB RB CD NNS IN NN IN DT NN NN , VBD RB VB DT NNS|~|NNP RB VBD CD NNS CC VBD VBN TO VB JJR , DT NN VBD|~|NULL
That selling continued yesterday and kept prices under pressure , he said|~|Colder weather is being predicted for the high plains of Texas and the northern states of the Delta during the coming weekend , Mr. Simon said|~|DT NN VBD NN CC VBD NNS IN NN , PRP VBD|~|NN NN VBZ VBG VBN IN DT JJ NNS IN NNP CC DT JJ NNS IN DT NNP IN DT JJ NN , NNP NNP VBD|~|NULL
FARM PRODUCTS|~|The prices of cattle and hog futures contracts dropped sharply because traders speculated that the stock market plunge Friday will linger in the minds of U.S. consumers long enough to prompt them to rein in their spending at the supermarket , which would hurt demand for beef and pork|~|NNP NNS|~|DT NNS IN NNS CC NN NNS NNS VBD RB IN NNS VBD IN DT NN NN NN NNP MD VB IN DT NNS IN NNP NNS JJ RB TO VB PRP TO VB IN PRP$ NN IN DT NN , WDT MD VB NN IN NN CC NN|~|NULL
The spot October gold price rose $ 4 to $ 367.30 an ounce|~|The more active December delivery gold settled with a gain of $ 3.90 an ounce at $ 371.20 , after trading as high as $ 374|~|DT JJ NNP NN NN VBD $ CD TO $ CD DT NN|~|DT RBR JJ NNP NN NN VBD IN DT NN IN $ CD DT NN IN $ CD , IN VBG RB JJ IN $ CD|~|NULL
On Black Monday , Oct. 19 , 1987 , the October contract tacked on further gains , rising to as high as $ 491.50 for a gain of almost $ 20 on top of the Friday advances , before giving up almost $ 10 of that at the close|~|Yesterday 's October gain of $ 4 was miniscule compared with that|~|IN NNP NNP , NNP CD , CD , DT NNP NN VBD IN JJ NNS , VBG TO RB JJ IN $ CD IN DT NN IN RB $ CD IN NN IN DT NNP NNS , IN VBG RP RB $ CD IN DT IN DT NN|~|NN POS NNP NN IN $ CD VBD JJ VBN IN DT|~|NULL
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 , '' said Judith Ganes , analyst for Shearson Lehman Hutton , New York|~|At any rate , she added , `` India needs the sugar , so it will be in sooner or later to buy it|~|NNP MD VB VBN IN IN EX VBD DT JJ NN IN DT NN NN CC PRP VBD NN , PRP MD VB IN JJR NNS , '' VBD NNP NNP , NN IN NNP NNP NNP , NNP NNP|~|IN DT NN , PRP VBD , `` NNP VBZ DT NN , IN PRP MD VB IN RBR CC RB TO VB PRP|~|NULL
Livestock and meat prices , however , dropped on concern that a financial crisis would cut consumption of beef and pork|~|In commodity markets yesterday : PRECIOUS METALS : Futures prices were moderately higher as gold gave up some of its early gains and platinum behaved independently , first falling and then later rising|~|NN CC NN NNS , RB , VBD IN NN IN DT JJ NN MD VB NN IN NN CC NN|~|IN NN NNS NN : JJ NNS : NNS NNS VBD RB JJR IN NN VBD RP DT IN PRP$ JJ NNS CC NN VBD RB , RB VBG CC RB RB VBG|~|NULL
The prices of most grain futures contracts rose slightly yesterday out of relief that the stock market was showing signs of recovering|~|Earlier in the session , the prices of several soybean contracts set new lows|~|DT NNS IN JJS NN NNS NNS VBD RB NN IN IN NN IN DT NN NN VBD VBG NNS IN VBG|~|RB IN DT NN , DT NNS IN JJ NN NNS VBD JJ NNS|~|NULL
At one point in futures trading , as the stock market firmed , the December contract rose to as high as $ 1.2965 , but it was n't able to sustain the gain|~|It was simply overbought , '' he said , and selling by funds that are computer guided helped depress prices|~|IN CD NN IN NNS NN , IN DT NN NN VBD , DT NNP NN VBD TO RB JJ IN $ CD , CC PRP VBD RB JJ TO VB DT NN|~|PRP VBD RB VBN , '' PRP VBD , CC VBG IN NNS WDT VBP NN NNS VBD VB NNS|~|NULL
Futures prices declined|~|The March contract was off 0.32 cent a pound at 13.97 cents|~|NNS NNS VBD|~|DT NNP NN VBD RB CD NN DT NN IN CD NNS|~|NULL
India recently bought 200,000 tons and was expected to buy more , the analyst said|~|Another analyst thought that India may have pulled back because of the concern over the stock market|~|NNP RB VBD CD NNS CC VBD VBN TO VB JJR , DT NN VBD|~|DT NN VBD IN NNP MD VB VBN RB IN IN DT NN IN DT NN NN|~|NULL
Silver performed quietly|~|The spot October gold price rose $ 4 to $ 367.30 an ounce|~|NNP VBD RB|~|DT JJ NNP NN NN VBD $ CD TO $ CD DT NN|~|NULL
The October 1987 contract that day rose as much as $ 8.70 to as high as $ 471.60 , and the more deferred positions , due to mature as late as March 1989 , rose as much as $ 9.60|~|On Black Monday , Oct. 19 , 1987 , the October contract tacked on further gains , rising to as high as $ 491.50 for a gain of almost $ 20 on top of the Friday advances , before giving up almost $ 10 of that at the close|~|DT NNP CD NN DT NN VBD RB JJ IN $ CD TO RB JJ IN $ CD , CC DT RBR JJ NNS , JJ TO VB RB RB IN NNP CD , VBD RB JJ IN $ CD|~|IN NNP NNP , NNP CD , CD , DT NNP NN VBD IN JJ NNS , VBG TO RB JJ IN $ CD IN DT NN IN RB $ CD IN NN IN DT NNP NNS , IN VBG RP RB $ CD IN DT IN DT NN|~|NULL
What the stock market did was cause the rise to take place earlier than it would have happened , '' said Mr. Cardillo|~|There 's a good chance that gold will retain its gains and rise further , he said|~|WP DT NN NN VBD VBD VB DT NN TO VB NN RBR IN PRP MD VB VBN , '' VBD NNP NNP|~|EX VBZ DT JJ NN IN NN MD VB PRP$ NNS CC VB RB , PRP VBD|~|NULL
At one point in early trading the March price rose to as high as 14.22 cents when the stock market recovered , but the price then fell back|~|A price-depressing factor , one analyst said , was that India , which had been expected to buy around 200,000 tons of sugar in the world market , did n't make any purchases|~|IN CD NN IN JJ NN DT NNP NN VBD TO RB JJ IN CD NNS WRB DT NN NN VBD , CC DT NN RB VBD RB|~|DT JJ NN , CD NN VBD , VBD IN NNP , WDT VBD VBN VBN TO VB RB CD NNS IN NN IN DT NN NN , VBD RB VB DT NNS|~|NULL
Finally , according to Mr. Cardillo , the impact of the strong dollar should be reflected in reduced exports in the August merchandise trade deficit , when the figures are released today|~|This would be damaging to the dollar and supportive for gold , he said|~|RB , VBG TO NNP NNP , DT NN IN DT JJ NN MD VB VBN IN VBN NNS IN DT NNP NN NN NN , WRB DT NNS VBP VBN NN|~|DT MD VB JJ TO DT NN CC JJ IN NN , PRP VBD|~|NULL
Futures prices fell and showed little rebound as one major labor problem that had been underpinning prices appeared to be solved|~|The December contract declined 3.05 cents a pound to $ 1.2745|~|NNS NNS VBD CC VBD JJ NN IN CD JJ NN NN WDT VBD VBN VBG NNS VBD TO VB VBN|~|DT NNP NN VBD CD NNS DT NN TO $ CD|~|NULL
The more active December delivery gold settled with a gain of $ 3.90 an ounce at $ 371.20 , after trading as high as $ 374|~|December silver was up 2.3 cents an ounce at $ 5.163|~|DT RBR JJ NNP NN NN VBD IN DT NN IN $ CD DT NN IN $ CD , IN VBG RB JJ IN $ CD|~|NNP NN VBD RB CD NNS DT NN IN $ CD|~|NULL
Yesterday 's October gain of $ 4 was miniscule compared with that|~|One analyst , Peter Cardillo of Josephthal & Co. , New York , said the gold market already had some good price-supporting technical factors that would have caused prices to rise , with or without the stock market|~|NN POS NNP NN IN $ CD VBD JJ VBN IN DT|~|CD NN , NNP NNP IN NNP CC NNP , NNP NNP , VBD DT NN NN RB VBD DT JJ JJ JJ NNS WDT MD VB VBN NNS TO VB , IN CC IN DT NN NN|~|NULL
There 's a good chance that gold will retain its gains and rise further , he said|~|He expects a drop in interest rates , which would help gold by keeping the dollar from rising|~|EX VBZ DT JJ NN IN NN MD VB PRP$ NNS CC VB RB , PRP VBD|~|PRP VBZ DT NN IN NN NNS , WDT MD VB NN IN VBG DT NN IN VBG|~|NULL
However , after absorbing the potential effect of the hurricane , prices began to slip late Friday , Mr. Simon said|~|That selling continued yesterday and kept prices under pressure , he said|~|RB , IN VBG DT JJ NN IN DT NN , NNS VBD TO VB JJ NNP , NNP NNP VBD|~|DT NN VBD NN CC VBD NNS IN NN , PRP VBD|~|NULL
Colder weather is being predicted for the high plains of Texas and the northern states of the Delta during the coming weekend , Mr. Simon said|~|That has n't yet captured traders ' attention , he added|~|NN NN VBZ VBG VBN IN DT JJ NNS IN NNP CC DT JJ NNS IN DT NNP IN DT JJ NN , NNP NNP VBD|~|DT VBZ RB RB VBN NNS POS NN , PRP VBD|~|NULL
J.P. Industries , which is based in Ann Arbor , Mich. , said the sale completes a previously announced program to divest itself of its hardware and plumbing supplies operations|~|The company 's remaining business is the manufacture and sale of engine and transmissions products for industrial and transportation applications|~|NNP NNP , WDT VBZ VBN IN NNP NNP , NNP , VBD DT NN VBZ DT RB VBN NN TO VB PRP IN PRP$ NN CC NN NNS NNS|~|DT NN POS VBG NN VBZ DT NN CC NN IN NN CC NNS NNS IN JJ CC NN NNS|~|NULL
The group consists of Weslock Corp. and JPI Modern Inc|~|J.P. Industries , which is based in Ann Arbor , Mich. , said the sale completes a previously announced program to divest itself of its hardware and plumbing supplies operations|~|DT NN VBZ IN NNP NNP CC NNP NNP NNP|~|NNP NNP , WDT VBZ VBN IN NNP NNP , NNP , VBD DT NN VBZ DT RB VBN NN TO VB PRP IN PRP$ NN CC NN NNS NNS|~|NULL
Seoul and Pyongyang reached a tentative agreement to allow visits between families on the divided Korean peninsula|~|Such family reunions would be the second since 1945|~|NNP CC NNP VBD DT JJ NN TO VB NNS IN NNS IN DT VBN JJ NN|~|JJ NN NNS MD VB DT JJ IN CD|~|NULL
Gorbachev blamed the Soviet Union 's press for contributing to the nation 's mounting problems|~|At a meeting Friday , the Kremlin leader complained about recent articles that raised the possiblity of civil unrest , and accused the media of fueling panic buying of goods by publishing stories about impending shortages|~|NNP VBD DT NNP NNP POS NN IN VBG TO DT NN POS VBG NNS|~|IN DT NN NNP , DT NNP NN VBD IN JJ NNS WDT VBD DT NN IN JJ NN , CC VBD DT NNS IN VBG NN NN IN NNS IN VBG NNS IN JJ NNS|~|NULL
Mubarak held reconciliation talks with Gadhafi at the Egyptian resort of Mersa Metruh|~|It was the Libyan leader 's first trip to Egypt in 16 years|~|NNP VBD NN NNS IN NNP IN DT JJ NN IN NNP NNP|~|PRP VBD DT JJ NN POS JJ NN TO NNP IN CD NNS|~|NULL
Norway 's King Olav V installed a three-party non-Socialist government as Gro Harlem Brundtland 's three-year-old Labor regime relinquished power|~|The 19-member cabinet is led by Prime Minister Jan Syse , who acknowledged a `` difficult situation '' since the coalition controls only 62 seats in Oslo 's 165-member legislature|~|NNP POS NNP NNP NNP VBD DT JJ JJ NN IN NNP NNP NNP POS JJ NN NN VBN NN|~|DT JJ NN VBZ VBN IN NNP NNP NNP NNP , WP VBD DT `` JJ NN '' IN DT NN VBZ RB CD NNS IN NNP POS JJ NN|~|NULL
In what was considered the largest protest in the Communist state 's 40-year history , at least 120,000 demonstrators marched through the southern city of Leipzig to press demands for democratic freedoms , opposition activists said|~|Police did n't intervene|~|IN WP VBD VBN DT JJS NN IN DT JJ NN POS JJ NN , IN JJS CD NNS VBD IN DT JJ NN IN NNP TO VB NNS IN JJ NNS , NN NNS VBD|~|NNS VBD RB VB|~|NULL
They announced a reduction in formalities for travel , but did n't show any real signs of resuming full diplomatic ties|~|The Egyptian president said he would visit Libya today to resume the talks|~|PRP VBD DT NN IN NNS IN NN , CC VBD RB VB DT JJ NNS IN VBG JJ JJ NNS|~|DT JJ NN VBD PRP MD VB NNP NN TO VB DT NNS|~|NULL
Freed black nationalists resumed political activity in South Africa and vowed to fight against apartheid , raising fears of a possible white backlash|~|The nation 's main white opposition party warned that the government 's release Sunday of eight black political prisoners risked bringing chaos and eventual black Marxist rule to the nation|~|NNP JJ NNS VBD JJ NN IN NNP NNP CC VBD TO VB IN NN , VBG NNS IN DT JJ JJ NN|~|DT NN POS JJ JJ NN NN VBD IN DT NN POS NN NNP IN CD JJ JJ NNS VBD VBG NN CC JJ JJ JJ NN TO DT NN|~|NULL
The White House said Bush is `` fully satisfied '' with CIA Director Webster and the intelligence agency 's performance during the Oct. 3 failed coup in Panama|~|The Washington Post reported that unidentified senior administration officials were frustrated with Webster 's low-profile activities during the insurrection and wanted him replaced|~|DT NNP NNP VBD NNP VBZ `` RB JJ '' IN NNP NNP NNP CC DT NN NN POS NN IN DT NNP CD VBN NN IN NNP|~|DT NNP NNP VBD IN JJ JJ NN NNS VBD VBN IN NNP POS JJ NNS IN DT NN CC VBD PRP VBN|~|NULL
Poland 's legislature approved limits on automatic wage increases without special provisions for food price rises|~|The vote was considered a test of the Solidarity-led government 's resolve to proceed with a harsh economic-restructuring program|~|NNP POS NN VBD NNS IN JJ NN NNS IN JJ NNS IN NN NN NNS|~|DT NN VBD VBN DT NN IN DT JJ NN POS NN TO VB IN DT JJ JJ NN|~|NULL
Died : Cornel Wilde , 74 , actor and director , in Los Angeles , of leukemia|~|Danilo Kis , 54 , Yugoslav-born novelist and essayist , Sunday , in Paris , of cancer|~|VBN : NNP NNP , CD , NN CC NN , IN NNP NNP , IN NN|~|NNP NNP , CD , JJ NN CC NN , NNP , IN NNP , IN NN|~|NULL
E. Robert Wallach was sentenced by a U.S. judge in New York to six years in prison and fined $ 250,000 for his racketeering conviction in the Wedtech scandal|~|Wallach , an associate of ex-Attorney General Meese , was found guilty in August of taking $ 425,000 in illegal payoffs from the now-defunct defense contractor|~|NNP NNP NNP VBD VBN IN DT NNP NN IN NNP NNP TO CD NNS IN NN CC VBD $ CD IN PRP$ NN NN IN DT NNP NN|~|NNP , DT NN IN JJ NNP NNP , VBD VBN JJ IN NNP IN VBG $ CD IN JJ NNS IN DT JJ NN NN|~|NULL
A temporary prohibition was imposed in March 1988|~|While anti-abortion groups are opposed to such research , scientists have said transplanting such tissue could be effective in treating diabetes|~|DT JJ NN VBD VBN IN NNP CD|~|IN JJ NNS VBP VBN TO JJ NN , NNS VBP VBD VBG JJ NN MD VB JJ IN VBG NN|~|NULL
NASA resumed the countdown for today 's launch of the space shuttle Atlantis , and a federal appeals court in Washington dismissed a lawsuit by anti-nuclear groups to delay the flight because the plutonium-powered Galileo space probe was aboard|~|The space agency said it did n't expect weather or protesters to block the liftoff|~|NNP VBD DT NN IN NN POS NN IN DT NN NN NNP , CC DT JJ NNS NN IN NNP VBD DT NN IN JJ NNS TO VB DT NN IN DT JJ NNP NN NN VBD RB|~|DT NN NN VBD PRP VBD RB VB NN CC NNS TO VB DT NN|~|NULL
It was the Libyan leader 's first trip to Egypt in 16 years|~|They announced a reduction in formalities for travel , but did n't show any real signs of resuming full diplomatic ties|~|PRP VBD DT JJ NN POS JJ NN TO NNP IN CD NNS|~|PRP VBD DT NN IN NNS IN NN , CC VBD RB VB DT JJ NNS IN VBG JJ JJ NNS|~|NULL
El Salvador 's government opened a new round of talks with the country 's leftist rebels in an effort to end a decade-long civil war|~|A spokesman said the guerrillas would present a cease-fire proposal during the negotiations in Costa Rica that includes constitutional and economic changes|~|NNP NNP POS NN VBD DT JJ NN IN NNS IN DT NN POS JJ NNS IN DT NN TO VB DT JJ JJ NN|~|DT NN VBD DT NNS MD VB DT NN NN IN DT NNS IN NNP NNP WDT VBZ JJ CC JJ NNS|~|NULL
The Bush administration is preparing to extend a ban on federal financing of research using fetal tissue , government sources said|~|A temporary prohibition was imposed in March 1988|~|DT NNP NN VBZ VBG TO VB DT NN IN JJ NN IN NN VBG JJ NN , NN NNS VBD|~|DT JJ NN VBD VBN IN NNP CD|~|NULL
House-Senate conferees approved a permanent smoking ban on domestic airline routes within the continental U.S. and on flights of less than six hours to Alaska and Hawaii|~|The curbs would cover all but a small percentage of flights , and represent an expansion of the current ban on flights of less than two hours|~|JJ NNS VBD DT JJ NN NN IN JJ NN NNS IN DT JJ NNP CC IN NNS IN JJR IN CD NNS TO NNP CC NNP|~|DT NNS MD VB DT CC DT JJ NN IN NNS , CC VB DT NN IN DT JJ NN IN NNS IN JJR IN CD NNS|~|NULL
U.S. holders now own more than 60 % of Blue Arrow compared with 9 % last January|~|In the U.S. market , the recognition of the Manpower name is infinitely stronger than Blue Arrow , '' Mr. Fromstein said|~|NNP NNS RB VBP JJR IN CD NN IN NNP NNP VBN IN CD NN JJ NNP|~|IN DT NNP NN , DT NN IN DT NNP NN VBZ RB JJR IN NNP NNP , '' NNP NNP VBD|~|NULL
In a widely publicized boardroom coup , Mr. Fromstein ousted Antony Berry as Blue Arrow chief executive in January , a month after Mr. Berry had forced Mr. Fromstein out as the $ 1 million-a-year chief of Milwaukee-based Manpower|~|Mr. Fromstein solidified his control in April by taking over from Mr. Berry as chairman|~|IN DT RB VBN NN NN , NNP NNP VBD NNP NNP IN NNP NNP JJ NN IN NNP , DT NN IN NNP NNP VBD VBN NNP NNP IN IN DT $ CD JJ NN IN JJ NNP|~|NNP NNP VBD PRP$ NN IN NNP IN VBG RP IN NNP NNP IN NN|~|NULL
Mr. Fromstein said he hopes 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|~|People close to Blue Arrow suggested the write-down would represent a sizable chunk , with executives claiming prior management overstated the extent of Manpower 's good will|~|NNP NNP VBD PRP VBZ TO VB DT IN DT JJ NN VBN IN NNP NNP POS NNP NNS IN CD JJ NN , CC MD RB VB WRB JJ|~|NNS RB TO NNP NNP VBD DT NN MD VB DT JJ NN , IN NNS VBG JJ NN VBN DT NN IN NNP POS JJ NN|~|NULL
Blue Arrow Chairman Mitchell Fromstein said in an interview that the two steps may be a prelude to reincorporating the world 's biggest employment-services group in the U.S.|~|Mr. Fromstein disclosed the planned steps , expected within a few months , as Blue Arrow posted a 2.5 % drop in its third-quarter pretax earnings|~|NNP NNP NNP NNP NNP VBD IN DT NN IN DT CD NNS MD VB DT NN TO VBG DT NN POS JJS NNS NN IN DT NNP|~|NNP NNP VBD DT VBN NNS , VBN IN DT JJ NNS , IN NNP NNP VBD DT CD NN NN IN PRP$ JJ NN NNS|~|NULL
But with so many shares now held in the U.S. , Blue Arrow reports its earnings two ways , based on both U.K. and U.S. accounting standards|~|Our balance sheets look like they came from Alice 's wonderland , '' Mr. Fromstein said|~|CC IN RB JJ NNS RB VBN IN DT NNP , NNP NNP VBZ PRP$ NNS CD NNS , VBN IN DT NNP CC NNP NN NNS|~|PRP$ NN NNS VBP IN PRP VBD IN NNP POS NN , '' NNP NNP VBD|~|NULL
Our balance sheets look like they came from Alice 's wonderland , '' Mr. Fromstein said|~|The British version shows `` a handful of pounds of net worth '' following the 1987 write-off of good will , while the American version reflects `` $ 1 billion of net worth because almost none of -LCB- the good will -RCB- has been written off|~|PRP$ NN NNS VBP IN PRP VBD IN NNP POS NN , '' NNP NNP VBD|~|DT JJ NN VBZ `` DT NN IN NNS IN JJ NN '' VBG DT CD NN IN JJ NN , IN DT JJ NN VBZ `` $ CD CD IN JJ NN IN RB NN IN -LRB- DT JJ NN -RRB- VBZ VBN VBN RP|~|NULL
The moves also could erase shareholders ' perception of Blue Arrow as a company in turmoil|~|It further reinforces the concept that Blue Arrow is a thing of the past , '' said Doug Arthur , an analyst at Kidder Peabody & Co. in New York|~|DT NNS RB MD VB NNS POS NN IN NNP NNP IN DT NN IN NN|~|PRP RB VBZ DT NN IN NNP NNP VBZ DT NN IN DT NN , '' VBD NNP NNP , DT NN IN NNP NNP CC NNP IN NNP NNP|~|NULL
It further reinforces the concept that Blue Arrow is a thing of the past , '' said Doug Arthur , an analyst at Kidder Peabody & Co. in New York|~|The proposed changes `` all make a lot of sense to me , '' he added|~|PRP RB VBZ DT NN IN NNP NNP VBZ DT NN IN DT NN , '' VBD NNP NNP , DT NN IN NNP NNP CC NNP IN NNP NNP|~|DT VBN NNS `` DT VBP DT NN IN NN TO PRP , '' PRP VBD|~|NULL
Blue Arrow was able to pull off the $ 1.34 billion takeover of Manpower in 1987 largely because different British and American accounting standards produce higher reported earnings for British companies|~|Under British rules , Blue Arrow was able to write off at once the $ 1.15 billion in good will arising from the purchase|~|NNP NNP VBD JJ TO VB RP DT $ CD CD NN IN NNP IN CD RB IN JJ JJ CC JJ NN NNS VBP RBR VBN NNS IN JJ NNS|~|IN JJ NNS , NNP NNP VBD JJ TO VB RP IN RB DT $ CD CD IN JJ NN VBG IN DT NN|~|NULL
Under British rules , Blue Arrow was able to write off at once the $ 1.15 billion in good will arising from the purchase|~|As a U.S.-based company , Blue Arrow would have to amortize the good will over as many as 40 years , creating a continuing drag on reported earnings|~|IN JJ NNS , NNP NNP VBD JJ TO VB RP IN RB DT $ CD CD IN JJ NN VBG IN DT NN|~|IN DT JJ NN , NNP NNP MD VB TO VB DT JJ NN IN RB JJ IN CD NNS , VBG DT VBG NN IN VBN NNS|~|NULL
That move , along with the return to the Manpower name , could bolster the company 's prospects during possibly difficult times for temporary help|~|The number of U.S. temporary workers fell about 1 % in the 12 months ending Aug. 31 , after sliding nearly 3.5 % in July , said Kidder Peabody 's Mr. Arthur|~|DT NN , IN IN DT NN TO DT NNP NN , MD VB DT NN POS NNS IN RB JJ NNS IN JJ NN|~|DT NN IN NNP JJ NNS VBD IN CD NN IN DT CD NNS VBG NNP CD , IN VBG RB CD NN IN NNP , VBD NNP NNP POS NNP NNP|~|NULL
The name change and good will write-off could help solidify Blue Arrow 's dominance of the U.S. temporary-help market and give it a more American image as U.S. investors turn jittery about foreign stocks after Friday 's market plunge|~|U.S. holders now own more than 60 % of Blue Arrow compared with 9 % last January|~|DT NN NN CC JJ NN NN MD VB VB NNP NNP POS NN IN DT NNP JJ NN CC VB PRP DT RBR JJ NN IN NNP NNS VBP JJ IN JJ NNS IN NNP POS NN NN|~|NNP NNS RB VBP JJR IN CD NN IN NNP NNP VBN IN CD NN JJ NNP|~|NULL
The Knight-Ridder spokesman said the third-quarter earnings that the company plans to report Oct. 24 are expected to be up|~|The spokesman said he was `` comfortable '' with revised analysts ' projections that the company would report earnings of between 62 cents and 64 cents a share , compared with the 53 cents a share it reported for the 1988 third quarter|~|DT NNP NN VBD DT JJ NNS IN DT NN VBZ TO VB NNP CD VBP VBN TO VB RP|~|DT NN VBD PRP VBD `` JJ '' IN VBN NNS POS NNS IN DT NN MD VB NNS IN IN CD NNS CC CD NNS DT NN , VBN IN DT CD NNS DT NN PRP VBD IN DT CD JJ NN|~|NULL
NP Acquisition Co. , a National Pizza unit , plans to begin a tender offer for Skipper 's on Friday , conditioned on at least two-thirds of Skipper 's shares being tendered|~|Pittsburg , Kan.-based National Pizza said the transaction will be financed under its revolving credit agreement|~|NNP NNP NNP , DT NNP NNP NN , VBZ TO VB DT NN NN IN NNP POS IN NNP , VBN IN IN JJS NNS IN NNP POS NNS VBG VBN|~|NNP , NNP NNP NNP VBD DT NN MD VB VBN IN PRP$ JJ NN NN|~|NULL
Skipper 's previously turned down a $ 10-a-share proposal from National Pizza and Pizza Hut Inc. questioned whether the purchase would violate National Pizza 's franchise agreements|~|National Pizza said it settled its dispute with Pizza Hut , allowing it to make the purchase|~|NNP POS RB VBD RP DT $ JJ NN IN NNP NNP CC NNP NNP NNP VBD IN DT NN MD VB NNP NNP POS NN NNS|~|NNP NNP VBD PRP VBD PRP$ NN IN NNP NNP , VBG PRP TO VB DT NN|~|NULL
For the 12 weeks ended Sept. 3 , Skipper 's had net income of $ 361,000 , or 13 cents a share , compared with a net loss a year earlier|~|Revenue was $ 19.9 million|~|IN DT CD NNS VBN NNP CD , NNP POS VBD JJ NN IN $ CD , CC CD NNS DT NN , VBN IN DT JJ NN DT NN RBR|~|NN VBD $ CD CD|~|NULL
That 50 % is now held by Clifford Parker , Regatta 's president and chief executive officer , who will continue to manage Regatta 's operations under Gitano|~|In 1989 , Regatta will have sales `` in excess of $ 10 million '' and will show a profit , Mr. Parker said|~|IN CD NN VBZ RB VBN IN NNP NNP , NNP POS NN CC JJ JJ NN , WP MD VB TO VB NNP POS NNS IN NNP|~|IN CD , NNP MD VB NNS `` IN NN IN $ CD CD '' CC MD VB DT NN , NNP NNP VBD|~|NULL
Under the terms of the contract , New York-based Gitano has the option to acquire the remaining 50 % of Regatta , a maker of men 's and women 's clothes sold primarily in department stores , under certain conditions|~|That 50 % is now held by Clifford Parker , Regatta 's president and chief executive officer , who will continue to manage Regatta 's operations under Gitano|~|IN DT NNS IN DT NN , NNP JJ NNP VBZ DT NN TO VB DT VBG CD NN IN NNP , DT NN IN NNS POS CC NNS POS NNS VBN RB IN NN NNS , IN JJ NNS|~|IN CD NN VBZ RB VBN IN NNP NNP , NNP POS NN CC JJ JJ NN , WP MD VB TO VB NNP POS NNS IN NNP|~|NULL
Gitano , which makes budget-priced apparel sold mainly through mass merchandisers like K mart and Wal-Mart , said the Regatta acquisition will enhance its strategy to expand into department stores|~|This fall , Gitano began manufacturing moderately priced clothes aimed at department stores under the Gloria Vanderbilt trademark , which Gitano recently acquired|~|NNP , WDT VBZ JJ NN VBN RB IN JJ NNS IN NNP NNP CC NNP , VBD DT NNP NN MD VB PRP$ NN TO VB IN NN NNS|~|DT NN , NNP VBD VBG RB VBN NNS VBN IN NN NNS IN DT NNP NNP NN , WDT NNP RB VBD|~|NULL
CWA 's New Jersey Commercial local , which represents about 2,500 service representatives and marketing employees , rejected the tentative agreement|~|Both the union and the regional telephone company said they were working together to resolve differences|~|NNP POS NNP NNP JJ JJ , WDT VBZ IN CD NN NNS CC NN NNS , VBD DT JJ NN|~|DT DT NN CC DT JJ NN NN VBD PRP VBD VBG RB TO VB NNS|~|NULL
The unions and the company last week agreed to mediation|~|The CWA represents 40,000 Nynex workers and the IBEW represents 20,000 workers|~|DT NNS CC DT NN JJ NN VBD TO VB|~|DT NNP VBZ CD NNP NNS CC DT NNP VBZ CD NNS|~|NULL
Meanwhile , CWA and International Brotherhood of Electrical Workers members remain on strike against Nynex Corp. , the New York-based regional phone company|~|The unions and the company last week agreed to mediation|~|RB , NNP CC NNP NNP IN NNP NNP NNS VBP IN NN IN NNP NNP , DT NNP JJ JJ NN NN|~|DT NNS CC DT NN JJ NN VBD TO VB|~|NULL
The new three-year contracts , which replace ones that expired Aug. 5 , cover 41,000 Bell Atlantic employees|~|The ratification follows a 23-day strike against the Philadelphia-based company|~|DT JJ JJ NNS , WDT VB NNS WDT VBD NNP CD , VBP CD NNP NNP NNS|~|DT NN VBZ DT JJ NN IN DT JJ NN|~|NULL
The restrictions would cover all but a small percentage of domestic air traffic , and represent a major expansion of the current smoking ban on flights of two hours or less|~|The exemption allowed on longer flights to Alaska and Hawaii appears to be largely a face-saving concession for the traditionally powerful tobacco industry , which has found itself increasingly isolated in the face of public pressure in recent years|~|DT NNS MD VB DT CC DT JJ NN IN JJ NN NN , CC VB DT JJ NN IN DT JJ NN NN IN NNS IN CD NNS CC JJR|~|DT NN VBN IN JJR NNS TO NNP CC NNP VBZ TO VB RB DT JJ NN IN DT RB JJ NN NN , WDT VBZ VBN PRP RB JJ IN DT NN IN JJ NN IN JJ NNS|~|NULL
Congress previously cut six airports this year|~|The impact of the changes is to eliminate many of the most excessive cases where the government has been paying more than $ 200 for each passenger in subsidies|~|NNP RB VBD CD NNS DT NN|~|DT NN IN DT NNS VBZ TO VB JJ IN DT RBS JJ NNS WRB DT NN VBZ VBN VBG JJR IN $ CD IN DT NN IN NNS|~|NULL
Within the Senate , the ban has had aggressive support from Sen. Frank Lautenberg -LRB- D. , N.J. -RRB- , who has used his position as a Senate Appropriations subcommittee chairman to garner votes for the initiative|~|The measure is attached to the more than $ 26 billion fiscal 1990 transportation bill within Mr. Lautenberg 's jurisdiction , and the final compromise is laced with more than $ 205 million in road projects earmarked by members as well as funds sought by major airports , including Denver|~|IN DT NNP , DT NN VBZ VBN JJ NN IN NNP NNP NNP -LRB- NNP , NNP -RRB- , WP VBZ VBN PRP$ NN IN DT NNP NNPS NN NN TO VB NNS IN DT NN|~|DT NN VBZ VBN TO DT JJR IN $ CD CD JJ CD NN NN IN NNP NNP POS NN , CC DT JJ NN VBZ VBN IN JJR IN $ CD CD IN NN NNS VBN IN NNS RB RB IN NNS VBN IN JJ NNS , VBG NNP|~|NULL
In a stark lesson in the power of the appropriations committees , the House deliberately killed a handful of projects backed by lawmakers in Florida , Illinois and Pennsylvania who had voted against the panel leadership on the House floor|~|Anybody can vote as they want , '' said Rep. William Lehman -LRB- D. , Fla. -RRB- , head of the House conferees|~|IN DT JJ NN IN DT NN IN DT NNS NNS , DT NNP RB VBD DT NN IN NNS VBN IN NNS IN NNP , NNP CC NNP WP VBD VBN IN DT NN NN IN DT NNP NN|~|NN MD VB IN PRP VBP , '' VBD NNP NNP NNP -LRB- NNP , NNP -RRB- , NN IN DT NNP NNS|~|NULL
Although the smoking provision has attracted the most public interest , the underlying bill was the subject of behind-the-scenes lobbying because of its impact on air transportation and the more mundane , but politically important , projects of members|~|In a stark lesson in the power of the appropriations committees , the House deliberately killed a handful of projects backed by lawmakers in Florida , Illinois and Pennsylvania who had voted against the panel leadership on the House floor|~|IN DT NN NN VBZ VBN DT RBS JJ NN , DT JJ NN VBD DT NN IN JJ NN IN IN PRP$ NN IN NN NN CC DT RBR JJ , CC RB JJ , NNS IN NNS|~|IN DT JJ NN IN DT NN IN DT NNS NNS , DT NNP RB VBD DT NN IN NNS VBN IN NNS IN NNP , NNP CC NNP WP VBD VBN IN DT NN NN IN DT NNP NN|~|NULL
Though smaller in total dollars , the conference agreed to preserve an estimated $ 30.6 million in controversial subsidies to carriers serving rural or isolated airports|~|The sum is more than double what the House had approved for the program , but the list of qualified airports would be cut by 22 under new distance requirements and limits on the level of subsidy|~|IN JJR IN JJ NNS , DT NN VBD TO VB DT VBN $ CD CD IN JJ NNS TO NNS VBG JJ CC JJ NNS|~|DT NN VBZ JJR IN RB WP DT NNP VBD VBN IN DT NN , CC DT NN IN JJ NNS MD VB VBN IN CD IN JJ NN NNS CC NNS IN DT NN IN NN|~|NULL
But the industry retains support in the House leadership through the influence of grower states , such as North Carolina|~|Majority Whip William Gray owes a political debt to Southern agriculture lawmakers for his rise in the House , and the Philadelphia Democrat used his position in the conference to salvage the exemption from a total ban|~|CC DT NN VBZ NN IN DT NNP NN IN DT NN IN NN NNS , JJ IN NNP NNP|~|NNP NNP NNP NNP VBZ DT JJ NN TO JJ NN NNS IN PRP$ NN IN DT NNP , CC DT NNP NNP VBD PRP$ NN IN DT NN TO VB DT NN IN DT JJ NN|~|NULL
Texas Air Corp. , which owns Continental , and the Air Transport Association were prominent in the lobbying|~|The industry sought to impose conditions that would have delayed funds for the project until Denver and the airlines had agreed to leases for 50 % of the gates|~|NNP NNP NNP , WDT VBZ NNP , CC DT NNP NNP NNP VBD JJ IN DT NN|~|DT NN VBD TO VB NNS WDT MD VB VBN NNS IN DT NN IN NNP CC DT NNS VBD VBN TO NNS IN CD NN IN DT NNS|~|NULL
Within the Federal Aviation Administration , the final bill promises to increase spending for facilities and equipment by more than 20 % from last year , and total operations would rise to $ 3.84 billion -- a 12 % boost|~|The facilities account includes $ 40 million for Denver 's ambitious new airport , and the competition for these funds created shifting alliances between urban lawmakers representing established airports in Philadelphia and Michigan and the major carriers to Denver , United and Continental|~|IN DT NNP NNP NNP , DT JJ NN VBZ TO VB NN IN NNS CC NN IN JJR IN CD NN IN JJ NN , CC JJ NNS MD VB TO $ CD CD : DT CD NN NN|~|DT NNS NN VBZ $ CD CD IN NNP POS JJ JJ NN , CC DT NN IN DT NNS VBD VBG NNS IN JJ NNS VBG JJ NNS IN NNP CC NNP CC DT JJ NNS TO NNP , NNP CC NNP|~|NULL
The FDIC , which in 1986 provided $ 130 million in open-bank assistance to BancOklahoma 's Bank of Oklahoma , Tulsa , unit will continue to maintain $ 90 million in preferred stock in the Tulsa bank unit|~|In exchange for the other $ 40 million , the FDIC will receive additional warrants entitling it to buy 60 % of BancOklahoma 's common stock outstanding , up from the 55 % option the FDIC received under terms of the 1986 capital infusion|~|DT NNP , WDT IN CD VBD $ CD CD IN JJ NN TO NNP POS NNP IN NNP , NNP , NN MD VB TO VB $ CD CD IN JJ NN IN DT NNP NN NN|~|IN NN IN DT JJ $ CD CD , DT NNP MD VB JJ NNS VBG PRP TO VB CD NN IN NNP POS JJ NN JJ , RB IN DT CD NN NN DT NNP VBD IN NNS IN DT CD NN NN|~|NULL
In a letter filed with the Securities and Exchange Commission , the group , which holds about 4.5 million Telerate shares , or about 4.7 % of the shares outstanding , said `` ... at present none of us believes an offer for less than $ 25 per share would be fair and some believe that $ 25 is too low|~|The letter was dated Oct. 6|~|IN DT NN VBN IN DT NNP CC NNP NNP , DT NN , WDT VBZ RB CD CD NNP NNS , CC RB CD NN IN DT NNS JJ , VBD `` : IN NN NN IN PRP VBZ DT NN IN JJR IN $ CD IN NN MD VB JJ CC DT VBP IN $ CD VBZ RB JJ|~|DT NN VBD VBN NNP CD|~|NULL
Dow Jones , publisher of The Wall Street Journal , has launched an $ 18-a-share , or $ 576 million , tender offer to acquire the remaining Telerate shares outstanding ; Dow Jones owns 67 % of Telerate|~|Telerate has rejected the offer , which expires Nov. 3|~|NNP NNP , NN IN DT NNP NNP NNP , VBZ VBN DT $ JJ , CC $ CD CD , NN NN TO VB DT VBG NNP NNS JJ : NNP NNP VBZ CD NN IN NNP|~|NNP VBZ VBN DT NN , WDT VBZ NNP CD|~|NULL
A spokesman for Dow Jones said he had n't seen the group 's filing , but added , `` obviously Dow Jones disagrees with their conclusions|~|Our offer is to buy any and all shares tendered at $ 18 a share|~|DT NN IN NNP NNP VBD PRP VBD RB VBN DT NN POS NN , CC VBD , `` RB NNP NNP VBZ IN PRP$ NNS|~|PRP$ NN VBZ TO VB DT CC DT NNS VBN IN $ CD DT NN|~|NULL
Agip S.p . A. and Societe National Elf Aquitaine , the state oil companies of Italy and France , respectively , submitted an offer to buy Gatoil Suisse S.A|~|The price was n't disclosed|~|NNP NNP . NNP CC NNP NNP NNP NNP , DT NN NN NNS IN NNP CC NNP , RB , VBD DT NN TO VB NNP NNP NNP|~|DT NN VBD RB VBN|~|NULL
A spokesman for Gatoil said that the Swiss oil concern was examining the offer , submitted last Friday , along with two other offers , also submitted last week|~|Those two offers were private and the spokesman refused to identify the bidding companies|~|DT NN IN NNP VBD IN DT JJ NN NN VBD VBG DT NN , VBN JJ NNP , IN IN CD JJ NNS , RB VBN JJ NN|~|DT CD NNS VBD JJ CC DT NN VBD TO VB DT NN NNS|~|NULL
The collapsed plan to acquire UAL Corp. , parent of United Airlines , spurred quick action on the legislation , introduced Wednesday and approved by the subcommittee on a voice vote yesterday|~|The bill is expected to be taken up by the Public Works and Transportation Committee tomorrow , and a floor vote by next week will be urged|~|DT VBN NN TO VB NNP NNP , NN IN NNP NNPS , VBD JJ NN IN DT NN , VBN NNP CC VBN IN DT NN IN DT NN NN NN|~|DT NN VBZ VBN TO VB VBN RP IN DT NNP NNP CC NNP NNP NN , CC DT NN NN IN JJ NN MD VB VBN|~|NULL
The bill would allow the secretary to reject a buy-out if sufficient information has n't been provided , or if the buy-out is likely to weaken the carrier financially , result in a substantial reduction in size of the airline through disposal of assets , or give control to a foreign interest|~|If more information is needed , the secretary would have authority to extend the review period 20 days|~|DT NN MD VB DT NN TO VB DT NN IN JJ NN VBZ RB VBN VBN , CC IN DT NN VBZ JJ TO VB DT NN RB , VB IN DT JJ NN IN NN IN DT NN IN NN IN NNS , CC VB NN TO DT JJ NN|~|IN JJR NN VBZ VBN , DT NN MD VB NN TO VB DT NN NN CD NNS|~|NULL
Aides both in the House and Senate said the withdrawal of the Trump bid for AMR is n't likely to deflate efforts to push the legislation|~|It 's still on the fast track and we still want to do it , '' said one Senate aide|~|NNS CC IN DT NNP CC NNP VBD DT NN IN DT NNP NN IN NNP VBZ RB JJ TO VB NNS TO VB DT NN|~|PRP VBZ RB IN DT JJ NN CC PRP RB VBP TO VB PRP , '' VBD CD NNP NN|~|NULL
Currently , the transportation secretary does n't have clearly established authority to block mergers , but can take the drastic step of revoking the operating certificate of any carrier the official considers unfit|~|Supporters of the legislation view the bill as an effort to add stability and certainty to the airline-acquisition process , and to preserve the safety and fitness of the industry|~|RB , DT NN NN VBZ RB VB RB VBN NN TO VB NNS , CC MD VB DT JJ NN IN VBG DT VBG NN IN DT NN DT NN VBZ JJ|~|NNS IN DT NN VBP DT NN IN DT NN TO VB NN CC NN TO DT JJ NN , CC TO VB DT NN CC NN IN DT NN|~|NULL
The measure drew criticism from the Bush administration and a parting shot from financier Donald Trump , who yesterday withdrew his takeover bid for AMR Corp. , the parent of American Airlines|~|In a letter to subcommittee Chairman James Oberstar -LRB- D. , Minn. -RRB- , Mr. Trump criticized the bill as an explicit effort to thwart his bid for AMR , and said it contributed to the collapse of the deal|~|DT NN VBD NN IN DT NNP NN CC DT NN NN IN NN NNP NNP , WP NN VBD PRP$ NN NN IN NNP NNP , DT NN IN NNP NNPS|~|IN DT NN TO NN NNP NNP NNP -LRB- NNP , NNP -RRB- , NNP NNP VBD DT NN IN DT JJ NN TO VB PRP$ NN IN NNP , CC VBD PRP VBD TO DT NN IN DT NN|~|NULL
For the nine months , the newspaper chain had almost a 23 % increase in profit to $ 23.6 million , or 83 cents a share , from $ 19.2 million , or 68 cents a share|~|Sales grew almost 7 % to $ 279.1 million from $ 261.3 million|~|IN DT CD NNS , DT NN NN VBD RB DT CD NN NN IN NN TO $ CD CD , CC CD NNS DT NN , IN $ CD CD , CC CD NNS DT NN|~|NNS VBD RB CD NN TO $ CD CD IN $ CD CD|~|NULL
DD Acquisition Corp. said it extended its $ 45-a-share offer for Dunkin ' Donuts Inc. to Nov. 1 from yesterday|~|The offer has an indicated value of $ 268 million|~|NNP NNP NNP VBD PRP VBD PRP$ $ JJ NN IN NNP POS NNP NNP TO NNP CD IN NN|~|DT NN VBZ DT JJ NN IN $ CD CD|~|NULL
DD Acquisition is a partnership of Unicorp Canada Corp. 's Kingsbridge Capital Group unit and Cara Operations Ltd|~|As previously reported , under the terms of a confidentiality agreement with Dunkin ' Donuts , the partners agreed to keep their offer open until Nov. 1 , and not to acquire any additional shares except through a tender offer expiring on that date|~|NNP NNP VBZ DT NN IN NNP NNP NNP POS NNP NNP NNP NN CC NNP NNP NNP|~|IN RB VBN , IN DT NNS IN DT NN NN IN NNP POS NNP , DT NNS VBD TO VB PRP$ NN JJ IN NNP CD , CC RB TO VB DT JJ NNS IN IN DT NN NN VBG IN DT NN|~|NULL
Dunkin ' Donuts is based in Randolph , Mass|~|Cara Operations , a food services concern , and Unicorp , a holding company with interests in oil and natural gas and financial services , are based in Toronto|~|NNP POS NNP VBZ VBN IN NNP , NNP|~|NNP NNP , DT NN NNS NN , CC NNP , DT VBG NN IN NNS IN NN CC JJ NN CC JJ NNS , VBP VBN IN NNP|~|NULL
U.S. Banknote said it is in negotiations to sell `` certain facilities , '' which it did n't name , to a third party , and it needs the extension to try to reach a definitive agreement on the sale|~|U.S. Banknote said it believes the sale , if completed , apparently would satisfy antitrust issues raised by the U.S. Justice Department about U.S. Banknote 's offer to buy International Banknote|~|NNP NNP VBD PRP VBZ IN NNS TO VB `` JJ NNS , '' WDT PRP VBD RB VB , TO DT JJ NN , CC PRP VBZ DT NN TO VB TO VB DT JJ NN IN DT NN|~|NNP NNP VBD PRP VBZ DT NN , IN VBN , RB MD VB JJ NNS VBN IN DT NNP NNP NNP IN NNP NNP POS NN TO VB NNP NNP|~|NULL
The offer , made June 1 , has been extended several times|~|Closely held U.S. Banknote offered the $ 7 a share , or $ 126 million , for as many as 14.9 million shares , or 78.6 % , of International Banknote 's shares outstanding|~|DT NN , VBN NNP CD , VBZ VBN VBN JJ NNS|~|RB VBN NNP NNP VBD DT $ CD DT NN , CC $ CD CD , IN RB JJ IN CD CD NNS , CC CD NN , IN NNP NNP POS NNS JJ|~|NULL
It also said the tender offer would probably have to be extended further to complete financing arrangements|~|U.S. Banknote said Citibank extended the expiration date of its commitment for senior secured financing to Nov. 15|~|PRP RB VBD DT NN NN MD RB VB TO VB VBN RB TO VB NN NNS|~|NNP NNP VBD NNP VBD DT NN NN IN PRP$ NN IN JJ VBN NN TO NNP CD|~|NULL
Closely held U.S. Banknote offered the $ 7 a share , or $ 126 million , for as many as 14.9 million shares , or 78.6 % , of International Banknote 's shares outstanding|~|U.S. Banknote said that as of Oct. 13 , 16.1 million shares , or about 84.3 % of the fully diluted shares outstanding , had been tendered|~|RB VBN NNP NNP VBD DT $ CD DT NN , CC $ CD CD , IN RB JJ IN CD CD NNS , CC CD NN , IN NNP NNP POS NNS JJ|~|NNP NNP VBD IN IN IN NNP CD , CD CD NNS , CC RB CD NN IN DT RB VBN NNS JJ , VBD VBN VBN|~|NULL
U.S. Banknote said it believes the sale , if completed , apparently would satisfy antitrust issues raised by the U.S. Justice Department about U.S. Banknote 's offer to buy International Banknote|~|Both of the New York-based companies print stock certificates and currency|~|NNP NNP VBD PRP VBZ DT NN , IN VBN , RB MD VB JJ NNS VBN IN DT NNP NNP NNP IN NNP NNP POS NN TO VB NNP NNP|~|DT IN DT NNP JJ NNS VBP NN NNS CC NN|~|NULL
A BMA spokesman said `` runaway medical costs '' have made health insurance `` a significant challenge , '' and margins also have been pinched by changes in the mix of life-insurance products consumers now demand|~|The Business Men 's Assurance unit represented about $ 288 million of the company 's $ 488 million in 1988 revenue , and the unit 's operating income was about $ 10 million , said the spokesman|~|DT NNP NN VBD `` JJ JJ NNS '' VBP VBN NN NN `` DT JJ NN , '' CC NNS RB VBP VBN VBN IN NNS IN DT NN IN NN NNS NNS RB VBP|~|NNP NNP NNP POS NNP NN VBD IN $ CD CD IN DT NN POS $ CD CD IN CD NN , CC DT NN POS NN NN VBD IN $ CD CD , VBD DT NN|~|NULL
But NAHB support for subsidies is not related to the current housing crunch ; over the years the NAHB has backed a host of public programs|~|It once pushed for a national housing production goal set by the federal government and has regularly advanced anti-recession housing measures|~|CC JJ NN IN NNS VBZ RB VBN TO DT JJ NN NN : IN DT NNS DT NNP VBZ VBN DT NN IN JJ NNS|~|PRP RB VBD IN DT JJ NN NN NN VBN IN DT JJ NN CC VBZ RB VBN JJ NN NNS|~|NULL
In its nicely produced publication `` Where Will Our Children Live ? '' the NAHB does acknowledge that `` of course , the full measure of housing affordability can not be provided by the federal government|~|It points to the pernicious impact of local government regulation , particularly zoning and building fees , which pushes the price of housing out of the reach of low- and middle-income people|~|IN PRP$ RB VBN NN `` WRB MD PRP$ NNS JJ . '' DT NNP VBZ VB IN `` IN NN , DT JJ NN IN NN NN MD RB VB VBN IN DT JJ NN|~|PRP VBZ TO DT JJ NN IN JJ NN NN , RB NN CC NN NNS , WDT VBZ DT NN IN NN IN IN DT NN IN JJ CC JJ NNS|~|NULL
Unfortunately , the organization 's desire for pork tends to override its commitment to overall fiscal responsibility|~|Two years ago when the NAHB lobbied for the $ 19 billion omnibus housing bill , the organization `` basically dropped out of the taxpayers ' coalition , '' says Ms. MacDonald|~|RB , DT NN POS NN IN NN VBZ TO VB PRP$ NN TO JJ JJ NN|~|CD NNS RB WRB DT NNP VBD IN DT $ CD CD JJ NN NN , DT NN `` RB VBD IN IN DT NNS POS NN , '' VBZ NNP NNP|~|NULL
We 've taken more than our fair share|~|I would n't have a problem if other programs had taken a similar hit|~|PRP VBP VBN JJR IN PRP$ JJ NN|~|PRP MD RB VB DT NN IN JJ NNS VBD VBN DT JJ NN|~|NULL
More important , housing programs run by HUD , the VA , and FmHA are awash in red ink|~|The FHA alone lost $ 4.2 billion in fiscal 1988 ; the government 's equity in the agency , essentially its reserve fund , fell to minus $ 2.9 billion|~|RBR JJ , NN NNS VBN IN NNP , DT NNP , CC NNP VBP JJ IN JJ NN|~|DT NNP RB VBD $ CD CD IN JJ CD : DT NN POS NN IN DT NN , RB PRP$ NN NN , VBD TO IN $ CD CD|~|NULL
As Mr. Colton of the NAHB acknowledges : `` Government is not going to solve the problem|~|The real key is to have the economy working and interest rates down|~|IN NNP NNP IN DT NNP VBZ : `` NN VBZ RB VBG TO VB DT NN|~|DT JJ NN VBZ TO VB DT NN VBG CC NN NNS RB|~|NULL
The real key is to have the economy working and interest rates down|~|More money for HUD will increase the deficit and destabilize the economy ; more money to municipalities that are wrecking their local housing markets will further insulate them from the destructive effects of their policies|~|DT JJ NN VBZ TO VB DT NN VBG CC NN NNS RB|~|JJR NN IN NNP MD VB DT NN CC VB DT NN : JJR NN TO NNS WDT VBP VBG PRP$ JJ NN NNS MD RB VB PRP IN DT JJ NNS IN PRP$ NNS|~|NULL
More money for HUD will increase the deficit and destabilize the economy ; more money to municipalities that are wrecking their local housing markets will further insulate them from the destructive effects of their policies|~|Is this what the home builders want|~|JJR NN IN NNP MD VB DT NN CC VB DT NN : JJR NN TO NNS WDT VBP VBG PRP$ JJ NN NNS MD RB VB PRP IN DT JJ NNS IN PRP$ NNS|~|VBZ DT WP DT NN NNS VBP|~|NULL
The federal government has had to pump in $ 2.28 billion into the VA housing program since 1984 to keep the fund afloat and the VA requested an additional $ 120 million for the fiscal year just ended|~|All told , the federal government already guarantees more than $ 900 billion of mortgages|~|DT JJ NN VBZ VBD TO VB RP $ CD CD IN DT NNP NN NN IN CD TO VB DT NN RB CC DT NNP VBD DT JJ $ CD CD IN DT JJ NN RB VBN|~|DT VBD , DT JJ NN RB VBZ JJR IN $ CD CD IN NNS|~|NULL
The association , a majority of whose 156,000 members build fewer than 25 units a year , is like many other business lobbies|~|Explains Sheila MacDonald of the National Taxpayers Union : `` It treads in two worlds|~|DT NN , DT NN IN WP$ CD NNS VBP JJR IN CD NNS DT NN , VBZ IN JJ JJ NN NNS|~|VBZ NNP NNP IN DT NNP NNPS NNP : `` PRP VBZ IN CD NNS|~|NULL
The builders like the subsidies , but at the same time they tend to be fiscal conservatives in terms of major issues , such as the balanced-budget amendment|~|Unfortunately , the organization 's desire for pork tends to override its commitment to overall fiscal responsibility|~|DT NNS VBP DT NNS , CC IN DT JJ NN PRP VBP TO VB JJ NNS IN NNS IN JJ NNS , JJ IN DT JJ NN|~|RB , DT NN POS NN IN NN VBZ TO VB PRP$ NN TO JJ JJ NN|~|NULL
But the NAHB was created in 1943 out of an organization that made its name fighting a Roosevelt administration proposal to take over all defense housing production|~|Through the years the association has been an active member of the taxpayer 's coalition , pushing for such initiatives as the balanced-budget amendment|~|CC DT NNP VBD VBN IN CD IN IN DT NN WDT VBD PRP$ NN VBG DT NNP NN NN TO VB RP DT NN NN NN|~|IN DT NNS DT NN VBZ VBN DT JJ NN IN DT NN POS NN , VBG IN JJ NNS IN DT JJ NN|~|NULL
Two years ago when the NAHB lobbied for the $ 19 billion omnibus housing bill , the organization `` basically dropped out of the taxpayers ' coalition , '' says Ms. MacDonald|~|As Mr. Colton of the NAHB acknowledges : `` Government is not going to solve the problem|~|CD NNS RB WRB DT NNP VBD IN DT $ CD CD JJ NN NN , DT NN `` RB VBD IN IN DT NNS POS NN , '' VBZ NNP NNP|~|IN NNP NNP IN DT NNP VBZ : `` NN VBZ RB VBG TO VB DT NN|~|NULL
The FHA alone lost $ 4.2 billion in fiscal 1988 ; the government 's equity in the agency , essentially its reserve fund , fell to minus $ 2.9 billion|~|The federal government has had to pump in $ 2.28 billion into the VA housing program since 1984 to keep the fund afloat and the VA requested an additional $ 120 million for the fiscal year just ended|~|DT NNP RB VBD $ CD CD IN JJ CD : DT NN POS NN IN DT NN , RB PRP$ NN NN , VBD TO IN $ CD CD|~|DT JJ NN VBZ VBD TO VB RP $ CD CD IN DT NNP NN NN IN CD TO VB DT NN RB CC DT NNP VBD DT JJ $ CD CD IN DT JJ NN RB VBN|~|NULL
Though Mr. Colton says 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|~|More important , housing programs run by HUD , the VA , and FmHA are awash in red ink|~|IN NNP NNP VBZ VBG NNP NN MD VB IN `` DT NN TO DT NN , '' DT JJ NN IN NNS IN JJ NNS IN DT NN CC IN JJ NNS IN NN -LRB- JJ IN NN -RRB- TO DT JJ NN NN MD VB IN DT JJ NN|~|RBR JJ , NN NNS VBN IN NNP , DT NNP , CC NNP VBP JJ IN JJ NN|~|NULL
Explains Sheila MacDonald of the National Taxpayers Union : `` It treads in two worlds|~|The builders like the subsidies , but at the same time they tend to be fiscal conservatives in terms of major issues , such as the balanced-budget amendment|~|VBZ NNP NNP IN DT NNP NNPS NNP : `` PRP VBZ IN CD NNS|~|DT NNS VBP DT NNS , CC IN DT JJ NN PRP VBP TO VB JJ NNS IN NNS IN JJ NNS , JJ IN DT JJ NN|~|NULL
The HUD budget has dropped by more than 70 % since 1980 , '' argues Mr. Colton|~|We 've taken more than our fair share|~|DT NNP NN VBZ VBN IN JJR IN CD NN IN CD , '' VBZ NNP NNP|~|PRP VBP VBN JJR IN PRP$ JJ NN|~|NULL
The indicator reached a peak in January 1929 and then fell steadily up to and through the crash|~|It was an entirely different pattern from what we 're seeing now , '' Mr. Moore says|~|DT NN VBD DT NN IN NNP CD CC RB VBD RB RP TO CC IN DT NN|~|PRP VBD DT RB JJ NN IN WP PRP VBP VBG RB , '' NNP NNP VBZ|~|NULL
As recently as 1975 , the stock market -- as reflected in the Standard & Poor 's index of 500 common stocks -- was rated by the National Bureau of Economic Research as the best of the 12 leading indicators that then made up the Commerce index|~|It was assigned a mark of 80 out of a possible 100 , compared with scores ranging as low as 69 for the other components|~|RB RB IN CD , DT NN NN : IN VBN IN DT NNP CC NNP POS NN IN CD JJ NNS : VBD VBN IN DT NNP NNP IN NNP NNP IN DT JJS IN DT CD VBG NNS WDT RB VBD RP DT NNP NN|~|PRP VBD VBN DT NN IN CD IN IN DT JJ CD , VBN IN NNS VBG RB JJ IN CD IN DT JJ NNS|~|NULL
Based largely on the recent strength in their index , called the long leading indicator , the Columbia analysts foresee uninterrupted economic growth through the rest of this year and next year as well|~|They expect a 2.6 % rise in 1990 in the gross national product , after adjustment for inflation|~|VBN RB IN DT JJ NN IN PRP$ NN , VBN DT RB VBG NN , DT NNP NNS VBP JJ JJ NN IN DT NN IN DT NN CC JJ NN RB RB|~|PRP VBP DT CD NN NN IN CD IN DT JJ JJ NN , IN NN IN NN|~|NULL
A leading authority on the business cycle , Mr. Moore also is a member of the Business Cycle Dating Group , the panel of private economists that decides for the government when expansions and recessions begin and end|~|The group normally convenes only when a change in the economy 's general course seems likely|~|DT VBG NN IN DT NN NN , NNP NNP RB VBZ DT NN IN DT NNP NNP NNP NNP , DT NN IN JJ NNS WDT VBZ IN DT NN WRB NNS CC NNS VBP CC VBP|~|DT NN RB VBZ RB WRB DT NN IN DT NN POS JJ NN VBZ JJ|~|NULL
Underlying this optimism is the index 's longstanding ability to signal recessions or recoveries , as the case may be , by substantially greater periods than the Commerce Department 's index of leading indicators|~|Over the full post-World War II era , the Columbia index , on the average , has entered sustained declines 14 months before the onset of recessions and turned up eight months before recoveries|~|VBG DT NN VBZ DT NN POS JJ NN TO VB NNS CC NNS , IN DT NN MD VB , IN RB JJR NNS IN DT NNP NNP POS NN IN VBG NNS|~|IN DT JJ NNP NNP NNP NN , DT NNP NN , IN DT NN , VBZ VBN JJ NNS CD NNS IN DT NN IN NNS CC VBD RP CD NNS IN NNS|~|NULL
In contrast , the Commerce Department 's widely followed index of leading indicators , while up in August , has fallen repeatedly since reaching a high early this year|~|Its ragged behavior through much of 1989 has prompted some forecasters to anticipate the start of a new recession perhaps before year 's end|~|IN NN , DT NNP NNP POS RB VBN NN IN VBG NNS , IN IN IN NNP , VBZ VBN RB IN VBG DT NN RB DT NN|~|PRP$ JJ NN IN JJ IN CD VBZ VBN DT NNS TO VB DT NN IN DT JJ NN RB IN NN POS NN|~|NULL
A major source of the recent strength in the long leading indicator has been the performance of the Dow Jones corporate bond-price index , which is not a part of the Commerce index|~|In August , the bond measure was at its highest monthly average since early 1987|~|DT JJ NN IN DT JJ NN IN DT RB VBG NN VBZ VBN DT NN IN DT NNP NNP JJ JJ NN , WDT VBZ RB DT NN IN DT NNP NN|~|IN NNP , DT NN NN VBD IN PRP$ JJS JJ NN IN JJ CD|~|NULL
The latest reading of 223.0 was up from 222.3 in July and 215.3 as recently as March|~|The August rise marked the fifth straight monthly gain for the indicator , which uses the 1967 average as a base of 100|~|DT JJS NN IN CD VBD RB IN CD IN NNP CC CD RB RB IN NNP|~|DT NNP NN VBD DT JJ JJ JJ NN IN DT NN , WDT VBZ DT CD NN IN DT NN IN CD|~|NULL
The Columbia economists also have reconstructed how the long leading index would have behaved , had it existed , in 1929 , before the stock market crash in October that ushered in the Great Depression|~|The indicator reached a peak in January 1929 and then fell steadily up to and through the crash|~|DT NNP NNS RB VBP VBD WRB DT RB VBG NN MD VB VBD , VBD PRP VBN , IN CD , IN DT NN NN NN IN NNP WDT VBD IN DT NNP NNP|~|DT NN VBD DT NN IN NNP CD CC RB VBD RB RP TO CC IN DT NN|~|NULL
The futures exchanges followed their own pre-set circuit breakers and shut down at about 3 p.m. for 30 minutes , after the Standard & Poor 's 500 stock index had fallen 12 points , or about 100 points on the Dow Jones index|~|Options markets stopped trading in many securities|~|DT NNS NNS VBD PRP$ JJ JJ NN NNS CC VBD RP IN IN CD NN IN CD NNS , IN DT NNP CC NNP POS CD NN NN VBD VBN CD NNS , CC IN CD NNS IN DT NNP NNP NN|~|NNS NNS VBD NN IN JJ NNS|~|NULL
The rules should be established by agreement of the officials of all affected exchanges acting under the oversight and with the approval of the government regulatory agencies|~|Should the SEC and the Commodities Futures Trading Commission -LRB- which , with the SEC , regulates the Chicago stock-index markets -RRB- be unable to agree , the issue may have to be resolved by decision of the Treasury secretary|~|DT NNS MD VB VBN IN NN IN DT NNS IN DT JJ NNS VBG IN DT NN CC IN DT NN IN DT NN JJ NNS|~|MD DT NNP CC DT NNP NNPS NNP NNP -LRB- WDT , IN DT NNP , VBZ DT NNP NN NNS -RRB- VB JJ TO VB , DT NN MD VB TO VB VBN IN NN IN DT NNP NN|~|NULL
Had the futures and options markets been open , additional liquidity would have been provided and the decline , most probably , would have been less intense|~|At 3:30 , after intense telephone negotiations between the trading markets and Washington , the futures exchanges reopened|~|VBD DT NNS CC NNS NNS VBN JJ , JJ NN MD VB VBN VBN CC DT NN , RBS RB , MD VB VBN RBR JJ|~|IN CD , IN JJ NN NNS IN DT NN NNS CC NNP , DT NNS NNS VBD|~|NULL
In many ways , our financial markets are better prepared today to handle a decline than they were two years ago|~|The New York Stock Exchange now has the capacity to handle a volume of nearly a billion shares a day|~|IN JJ NNS , PRP$ JJ NNS VBP RB VBN NN TO VB DT NN IN PRP VBD CD NNS RB|~|DT NNP NNP NNP NNP RB VBZ DT NN TO VB DT NN IN RB DT CD NNS DT NN|~|NULL
The New York Stock Exchange now has the capacity to handle a volume of nearly a billion shares a day|~|Telephone service has been improved for customers trying to reach their brokers , and specialists -- who I believe should stay , despite the urgings of some post-crash critics -- have larger capital positions|~|DT NNP NNP NNP NNP RB VBZ DT NN TO VB DT NN IN RB DT CD NNS DT NN|~|JJ NN VBZ VBN VBN IN NNS VBG TO VB PRP$ NNS , CC NNS : WP PRP VBP MD VB , IN DT NNS IN DT JJ NNS : VBP JJR NN NNS|~|NULL
Telephone service has been improved for customers trying to reach their brokers , and specialists -- who I believe should stay , despite the urgings of some post-crash critics -- have larger capital positions|~|Of course , specialists ' actions alone can never prevent a major crack in stock prices|~|JJ NN VBZ VBN VBN IN NNS VBG TO VB PRP$ NNS , CC NNS : WP PRP VBP MD VB , IN DT NNS IN DT JJ NNS : VBP JJR NN NNS|~|IN NN , NNS POS NNS RB MD RB VB DT JJ NN IN NN NNS|~|NULL
After the 1987 plunge , markets agreed that it would be wise to halt trading whenever panic conditions arose|~|The New York Stock Exchange adopted two specific circuit breakers : If the Dow Jones index falls 250 points in a day , the exchange will halt trading for one hour ; if the decline hits 400 points , the exchange will close for an additional two hours|~|IN DT CD NN , NNS VBD IN PRP MD VB JJ TO VB NN WRB NN NNS VBD|~|DT NNP NNP NNP NNP VBD CD JJ NN NNS : IN DT NNP NNP NN VBZ CD NNS IN DT NN , DT NN MD VB NN IN CD NN : IN DT NN VBZ CD NNS , DT NN MD VB IN DT JJ CD NNS|~|NULL
The new circuit breakers , if they are to be applied at all , will require that futures and options trading continue as long as the New York Stock Exchange remains open|~|The rules should be established by agreement of the officials of all affected exchanges acting under the oversight and with the approval of the government regulatory agencies|~|DT JJ NN NNS , IN PRP VBP TO VB VBN IN DT , MD VB IN NNS CC NNS NN VBP RB RB IN DT NNP NNP NNP NNP VBZ JJ|~|DT NNS MD VB VBN IN NN IN DT NNS IN DT JJ NNS VBG IN DT NN CC IN DT NN IN DT NN JJ NNS|~|NULL
The New York Stock Exchange adopted two specific circuit breakers : If the Dow Jones index falls 250 points in a day , the exchange will halt trading for one hour ; if the decline hits 400 points , the exchange will close for an additional two hours|~|The rationale is that an interruption of trading will allow investors to reconsider their strategies , calm sellers and lead buyers to enter the market at indicated new price levels|~|DT NNP NNP NNP NNP VBD CD JJ NN NNS : IN DT NNP NNP NN VBZ CD NNS IN DT NN , DT NN MD VB NN IN CD NN : IN DT NN VBZ CD NNS , DT NN MD VB IN DT JJ CD NNS|~|DT NN VBZ IN DT NN IN NN MD VB NNS TO VB PRP$ NNS , JJ NNS CC VB NNS TO VB DT NN IN JJ JJ NN NNS|~|NULL
What happened Friday was the worst of all worlds|~|The futures exchanges followed their own pre-set circuit breakers and shut down at about 3 p.m. for 30 minutes , after the Standard & Poor 's 500 stock index had fallen 12 points , or about 100 points on the Dow Jones index|~|WP VBD NNP VBD DT JJS IN DT NNS|~|DT NNS NNS VBD PRP$ JJ JJ NN NNS CC VBD RP IN IN CD NN IN CD NNS , IN DT NNP CC NNP POS CD NN NN VBD VBN CD NNS , CC IN CD NNS IN DT NNP NNP NN|~|NULL
Options markets stopped trading in many securities|~|The New York Stock Exchange , under its own rules , remained open|~|NNS NNS VBD NN IN JJ NNS|~|DT NNP NNP NNP NNP , IN PRP$ JJ NNS , VBD JJ|~|NULL
It is time to recognize that the New York Stock Exchange , the futures markets and the options markets , though physically separate , have actually become so closely intertwined as to constitute one market effectively|~|Traders can vary their strategies and execute their orders in any one of them|~|PRP VBZ NN TO VB IN DT NNP NNP NNP NNP , DT NNS NNS CC DT NNS NNS , IN RB JJ , VBP RB VBN RB RB VBN IN TO VB CD NN RB|~|NNS MD VB PRP$ NNS CC VB PRP$ NNS IN DT CD IN PRP|~|NULL
Synchronized circuit breakers would not have halted the slide in prices on Friday , but they probably would have made for smoother , less volatile executions|~|It 's time for the exchanges and the Securities and Exchange Commission to agree on joint conditions for halting trading or staying open|~|JJ NN NNS MD RB VB VBN DT NN IN NNS IN NNP , CC PRP RB MD VB VBN IN JJR , RBR JJ NNS|~|PRP VBZ NN IN DT NNS CC DT NNP CC NNP NNP TO VB IN JJ NNS IN VBG NN CC VBG RP|~|NULL
What happened Friday shows that financial markets are not yet sufficiently coordinated to handle another meltdown in prices|~|No fiddling with systems and procedures will ever prevent markets from suffering a panic wave of selling|~|WP VBD NNP VBZ IN JJ NNS VBP RB RB RB VBN TO VB DT NN IN NNS|~|DT NN IN NNS CC NNS MD RB VB NNS IN VBG DT NN NN IN NN|~|NULL
Of course , specialists ' actions alone can never prevent a major crack in stock prices|~|Witness the fact that trading in some stocks closed early Friday and opened late Monday because of an excess of sell orders|~|IN NN , NNS POS NNS RB MD RB VB DT JJ NN IN NN NNS|~|VB DT NN IN NN IN DT NNS VBD JJ NNP CC VBD JJ NNP IN IN DT NN IN JJ NNS|~|NULL
The need for hurried last-minute telephone negotiations among market officials will disappear once rules are in place that synchronize circuit breakers in all markets|~|The new circuit breakers , if they are to be applied at all , will require that futures and options trading continue as long as the New York Stock Exchange remains open|~|DT NN IN JJ JJ NN NNS IN NN NNS MD VB IN NNS VBP IN NN WDT VBP NN NNS IN DT NNS|~|DT JJ NN NNS , IN PRP VBP TO VB VBN IN DT , MD VB IN NNS CC NNS NN VBP RB RB IN DT NNP NNP NNP NNP VBZ JJ|~|NULL
With nowhere else to go , sellers , and particularly program traders , focused all their selling on the New York Stock Exchange|~|As liquidity on that market weakened , prices fell sharply|~|IN RB RB TO VB , NNS , CC RB NN NNS , VBD DT PRP$ NN IN DT NNP NNP NNP NNP|~|IN NN IN DT NN VBD , NNS VBD RB|~|NULL
It therefore makes no sense for each market to adopt different circuit breakers|~|To achieve maximum liquidity and minimize price volatility , either all markets should be open to trading or none|~|PRP RB VBZ DT NN IN DT NN TO VB JJ NN NNS|~|TO VB NN NN CC VB NN NN , RB DT NNS MD VB JJ TO NN CC NN|~|NULL
It 's time for the exchanges and the Securities and Exchange Commission to agree on joint conditions for halting trading or staying open|~|Let 's not have one market shut down for 30 minutes when the Dow declines 100 points and another shut down for an hour after a 250-point decline|~|PRP VBZ NN IN DT NNS CC DT NNP CC NNP NNP TO VB IN JJ NNS IN VBG NN CC VBG RP|~|NNP VBZ RB VB CD NN VBN RP IN CD NNS WRB DT NNP VBZ CD NNS CC DT VBD RP IN DT NN IN DT JJ NN|~|NULL
Omnicare said the division operates under the trade name ACCO and supplies the medical and dental markets|~|The business , based in St. Louis , had sales of more than $ 14 million in the fiscal year ended March 31 , Omnicare said|~|NNP VBD DT NN VBZ IN DT NN NN NNP CC VBZ DT JJ CC JJ NNS|~|DT NN , VBN IN NNP NNP , VBD NNS IN JJR IN $ CD CD IN DT JJ NN VBN NNP CD , NNP VBD|~|NULL
If the firms are serious , however , why limit the practice to the poor , maligned analysts whose ability to see into the future is fragile at best|~|Why not extend the same harsh standards to the sales force , and pay brokers a base salary with annual bonus based on how much money they made for their clients during the year|~|IN DT NNS VBP JJ , RB , WRB VB DT NN TO DT JJ , JJ NNS WP$ NN TO VB IN DT NN VBZ JJ IN RB|~|WRB RB VB DT JJ JJ NNS TO DT NNS NN , CC VB NNS DT JJ NN IN JJ NN VBN IN WRB JJ NN PRP VBD IN PRP$ NNS IN DT NN|~|NULL
Now , would n't that be a novelty|~|Phyllis Kyle Stephenson Newport News , Va|~|RB , MD RB IN VB DT NN|~|NNP NNP NNP NNP NNP , NNP|~|NULL
That should stop a lot of account-churning , and produce a stock market driven only by professional concern , careful thought and good sense|~|Now , would n't that be a novelty|~|DT MD VB DT NN IN NN , CC VB DT NN NN VBN RB IN JJ NN , JJ NN CC JJ NN|~|RB , MD RB IN VB DT NN|~|NULL
Why not extend the same harsh standards to the sales force , and pay brokers a base salary with annual bonus based on how much money they made for their clients during the year|~|That should stop a lot of account-churning , and produce a stock market driven only by professional concern , careful thought and good sense|~|WRB RB VB DT JJ JJ NNS TO DT NNS NN , CC VB NNS DT JJ NN IN JJ NN VBN IN WRB JJ NN PRP VBD IN PRP$ NNS IN DT NN|~|DT MD VB DT NN IN NN , CC VB DT NN NN VBN RB IN JJ NN , JJ NN CC JJ NN|~|NULL
BSN S.A. , a leading French food group , said it agreed to acquire Birkel G.m.b . H. , a West German pasta maker|~|The value of the acquisition was n't disclosed|~|NNP NNP , DT VBG JJ NN NN , VBD PRP VBD TO VB NNP NNP . NNP , DT JJ JJ NN NN|~|DT NN IN DT NN VBD RB VBN|~|NULL
Birkel is West Germany 's second-biggest producer of pasta , with sales of 250 million marks -LRB- $ 133.4 million -RRB- in 1988|~|It has 750 workers at three production units in southwest Germany , and is that nation 's leading producer of pasta sauces|~|NNP VBZ NNP NNP POS JJ NN IN NN , IN NNS IN CD CD NNS -LRB- $ CD CD -RRB- IN CD|~|PRP VBZ CD NNS IN CD NN NNS IN JJ NNP , CC VBZ DT NN POS VBG NN IN NN NNS|~|NULL
The acquisition strengthens BSN 's position in the European pasta market|~|The French group currently ranks second after Barilla Group of Italy , whose sales are chiefly in the Italian market|~|DT NN VBZ NNP POS NN IN DT JJ NN NN|~|DT JJ NN RB VBZ JJ IN NNP NNP IN NNP , WP$ NNS VBP RB IN DT JJ NN|~|NULL
The move is in line with BSN 's strategy of gradually building its share of the European pasta market through external growth|~|BSN will initially acquire a 15 % interest in Birkel , a closely held concern|~|DT NN VBZ IN NN IN NNP POS NN IN RB VBG PRP$ NN IN DT JJ NN NN IN JJ NN|~|NNP MD RB VB DT CD NN NN IN NNP , DT RB VBN NN|~|NULL
BSN will initially acquire a 15 % interest in Birkel , a closely held concern|~|The French group has an agreement giving it the right to buy all the shares outstanding , and this could be completed within a few months , a BSN spokeswoman said|~|NNP MD RB VB DT CD NN NN IN NNP , DT RB VBN NN|~|DT JJ NN VBZ DT NN VBG PRP DT NN TO VB PDT DT NNS JJ , CC DT MD VB VBN IN DT JJ NNS , DT NNP NN VBD|~|NULL
Maxus , an independent oil and gas concern , is the operator and owns a 56 % interest in the new field , called Northeast Intan|~|Other interests are owned by BP Petroleum Development -LRB- SES -RRB- Ltd. , C. Itoh Energy Co. Ltd. , Deminex Sumatra OEL G.m.b . H. , Hispanoil -LRB- Sumatra -RRB- Production Ltd. , Hudbay Oil -LRB- Indonesia -RRB- Ltd. , Inpex Sumatra Co. Ltd. , Lasmo Sumatra Ltd. , Sunda Shell , TCR Sumat A.G. and Warrior Oil Co|~|NNP , DT JJ NN CC NN NN , VBZ DT NN CC VBZ DT CD NN NN IN DT JJ NN , VBN NNP NNP|~|JJ NNS VBP VBN IN NNP NNP NNP -LRB- NNP -RRB- NNP , NNP NNP NNP NNP NNP , NNP NNP NNP NNP . NNP , NNP -LRB- NNP -RRB- NNP NNP , NNP NNP -LRB- NNP -RRB- NNP , NNP NNP NNP NNP , NN NNP NNP , NNP NNP , NNP NNP NNP CC NNP NNP NNP|~|NULL
However , Maxus said it believes the reserves in the field are about 10 million barrels of oil|~|The Intan Field has estimated reserves of 50 million barrels and the Widuri Field has estimated reserves of 225 million barrels|~|RB , NNP VBD PRP VBZ DT NNS IN DT NN VBP IN CD CD NNS IN NN|~|DT NNP NNP VBZ VBN NNS IN CD CD NNS CC DT NNP NNP VBZ VBN NNS IN CD CD NNS|~|NULL
Other interests are owned by BP Petroleum Development -LRB- SES -RRB- Ltd. , C. Itoh Energy Co. Ltd. , Deminex Sumatra OEL G.m.b . H. , Hispanoil -LRB- Sumatra -RRB- Production Ltd. , Hudbay Oil -LRB- Indonesia -RRB- Ltd. , Inpex Sumatra Co. Ltd. , Lasmo Sumatra Ltd. , Sunda Shell , TCR Sumat A.G. and Warrior Oil Co|~|The production-sharing contract area is held with Pertamina , the Indonesian state oil company|~|JJ NNS VBP VBN IN NNP NNP NNP -LRB- NNP -RRB- NNP , NNP NNP NNP NNP NNP , NNP NNP NNP NNP . NNP , NNP -LRB- NNP -RRB- NNP NNP , NNP NNP -LRB- NNP -RRB- NNP , NNP NNP NNP NNP , NN NNP NNP , NNP NNP , NNP NNP NNP CC NNP NNP NNP|~|DT JJ NN NN VBZ VBN IN NNP , DT NNP NN NN NN|~|NULL
Golden West Financial Corp. , riding above the turbulence that has troubled most of the thrift industry , posted a 16 % increase of third-quarter earnings to $ 41.8 millon , or 66 cents a share|~|The company earned $ 36 million , or 57 cents a share , in the year-ago quarter|~|NNP NNP NNP NNP , VBG IN DT NN WDT VBZ VBN JJS IN DT NN NN , VBD DT CD NN NN IN JJ NNS TO $ CD CD , CC CD NNS DT NN|~|DT NN VBD $ CD CD , CC CD NNS DT NN , IN DT JJ NN|~|NULL
In savings activity , Mr. Sandler said consumer deposits have enjoyed a steady increase throughout 1989 , and topped $ 11 billion at quarter 's end for the first time in the company 's history|~|Deposit growth amounted to $ 393 million , more than double the year-ago figure|~|IN NN NN , NNP NNP VBD NN NNS VBP VBN DT JJ NN IN CD , CC VBD $ CD CD IN NN POS NN IN DT JJ NN IN DT NN POS NN|~|NNP NN VBD TO $ CD CD , JJR IN RB DT JJ NN|~|NULL
Hughes of Los Angeles said the PerkinElmer unit 's work complements efforts by its Electro-Optical and Data Systems group , which makes infrared sensors , military lasers and night vision equipment|~|Hughes said it expects the sale to close by year end|~|NNP IN NNP NNP VBD DT NNP NN POS NN VBZ NNS IN PRP$ NNP CC NNP NNP NN , WDT VBZ JJ NNS , JJ NNS CC NN NN NN|~|NNP VBD PRP VBZ DT NN TO VB IN NN NN|~|NULL
In addition to making electro-optical systems , the unit also makes laser warning receivers|~|These are used aboard military helicopters to warn pilots that a laser weapon has been focused on them|~|IN NN TO VBG JJ NNS , DT NN RB VBZ NN VBG NNS|~|DT VBP VBN IN JJ NNS TO VB NNS IN DT NN NN VBZ VBN VBN IN PRP|~|NULL
Perkin-Elmer , which is based in Norwalk , Conn. , said the sale of the Danbury , Conn. , unit is consistent with its restructuring strategy announced in April|~|In addition to making electro-optical systems , the unit also makes laser warning receivers|~|NNP , WDT VBZ VBN IN NNP , NNP , VBD DT NN IN DT NNP , NNP , NN VBZ JJ IN PRP$ NN NN VBN IN NNP|~|IN NN TO VBG JJ NNS , DT NN RB VBZ NN VBG NNS|~|NULL