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matres | APW19980807.0261 | {
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} | NAIROBI, Kenya (AP) _ Suspected bombs exploded outside the U.S. embassies in the Kenyan and Tanzanian capitals Friday, killing dozens of people, witnesses said. The American ambassador to Kenya was among hundreds injured, a local TV said. “It was definitely a bomb,” said a U.S. Embassy official in Nairobi, who refused to identify himself. “You can see a huge crater behind the building, and a bomb went off at the embassy in Tanzania at the same time,” he said. | NAIROBI, Kenya (AP) _ Suspected bombs <ei1>exploded</ei1> outside the U.S. embassies in the Kenyan and Tanzanian capitals Friday, <ei2>killing</ei2> dozens of people, witnesses <ei3>said</ei3>. The American ambassador to Kenya was among hundreds <ei12>injured</ei12>, a local TV <ei4>said</ei4>. “It was definitely a bomb,” <ei5>said</ei5> a U.S. Embassy official in Nairobi, who refused to identify himself. “You can <ei8>see</ei8> a huge crater behind the building, and a bomb <ei9>went</ei9> off at the embassy in Tanzania at the same time,” he <ei10>said</ei10>. | [
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matres | APW19990507.0207 | {
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"text": "1999-05-07 03:44:53"
} | Gunned down with a single shot through a window. Slepian's killer is still at large. But for the first time, authorities have named a suspect in the slaying -- anti-abortion activist James Kopp. ``Today, I'm here to tell you we have our suspect,'' said Bernard Tolbert, special agent-in-charge of the FBI's Buffalo office. Kopp, 44, of St. Albans, Vt., became the subject of an international manhunt in November when he was called a witness in the case. He was charged Thursday in state and federal complaints with second-degree murder and with violating the Freedom of Access to Clinic Entrances Act by using deadly force against an abortion doctor. Both charges carry a penalty of up to life in prison. The federal charge also carries a fine of up to $250,000. Kopp's whereabouts remain unknown. He was last seen Nov. 3, the day before authorities issued a material witness warrant in the Slepian shooting in the hope of questioning him. Until Thursday, they had not called Kopp a suspect. Investigators would not divulge the evidence against Kopp but said last month's discovery of a scope-equipped rifle buried near the Slepian home represented a major breakthrough. Slepian, 52, was shot with a rifle. Kopp also has been linked, through DNA testing, to a strand of hair found near where the sniper fired, law enforcement sources have said. Nicknamed the "Atomic Dog" in anti-abortion circles, Kopp had been arrested in several states since 1990 for protesting abortion. His car was spotted in Slepian's neighborhood in the weeks before the shooting, and was found abandoned at the Newark, N.J., airport in December. The filing of the charges has intensified interest in Kopp as a suspect in three non-fatal sniper attacks on Canadian abortion providers, and one near Rochester, N.Y., between 1994 and 1997. Kopp is now the second anti-abortion activist being sought by the FBI as a suspect in a fatal attack. Eric Rudolph has been on the run since the January 1998 bombing of a Birmingham, Ala., abortion clinic that killed an off-duty police officer and maimed a nurse. He also is charged in three Atlanta attacks, including the 1996 Olympic bombing that killed one person. | <ei2>Gunned</ei2> down with a single shot through a window. Slepian's killer <ei4>is</ei4> still at large. But for the first time, authorities have <ei5>named</ei5> a suspect in the slaying -- anti-abortion activist James Kopp. ``Today, I'm here to <ei7>tell</ei7> you we <ei8>have</ei8> our suspect,'' <ei9>said</ei9> Bernard Tolbert, special agent-in-charge of the FBI's Buffalo office. Kopp, 44, of St. Albans, Vt., <ei10>became</ei10> the subject of an international manhunt in November when he was <ei13>called</ei13> a witness in the case. He was <ei14>charged</ei14> Thursday in state and federal complaints with second-degree murder and with <ei15>violating</ei15> the Freedom of Access to Clinic Entrances Act by <ei16>using</ei16> deadly force against an abortion doctor. Both charges <ei18>carry</ei18> a penalty of up to life in prison. The federal charge also <ei19>carries</ei19> a fine of up to $250,000. Kopp's whereabouts <ei20>remain</ei20> unknown. He was last <ei21>seen</ei21> Nov. 3, the day before authorities <ei22>issued</ei22> a material witness warrant in the Slepian shooting in the hope of questioning him. Until Thursday, they had not called Kopp a suspect. Investigators would not divulge the evidence against Kopp but <ei29>said</ei29> last month's discovery of a scope-equipped rifle <ei31>buried</ei31> near the Slepian home <ei32>represented</ei32> a major breakthrough. Slepian, 52, was <ei34>shot</ei34> with a rifle. Kopp also has been <ei35>linked</ei35>, through DNA testing, to a strand of hair <ei36>found</ei36> near where the sniper <ei37>fired</ei37>, law enforcement sources have <ei38>said</ei38>. <ei39>Nicknamed</ei39> the "Atomic Dog" in anti-abortion circles, Kopp had been <ei40>arrested</ei40> in several states since 1990 for <ei41>protesting</ei41> abortion. His car was <ei42>spotted</ei42> in Slepian's neighborhood in the weeks before the shooting, and was <ei44>found</ei44> <ei45>abandoned</ei45> at the Newark, N.J., airport in December. The filing of the charges has <ei47>intensified</ei47> interest in Kopp as a suspect in three non-fatal sniper attacks on Canadian abortion providers, and one near Rochester, N.Y., between 1994 and 1997. Kopp <ei50>is</ei50> now the second anti-abortion activist being <ei51>sought</ei51> by the FBI as a suspect in a fatal attack. Eric Rudolph has <ei53>been</ei53> on the run since the January 1998 bombing of a Birmingham, Ala., abortion clinic that <ei55>killed</ei55> an off-duty police officer and <ei56>maimed</ei56> a nurse. He also is <ei57>charged</ei57> in three Atlanta attacks, including the 1996 Olympic bombing that <ei60>killed</ei60> one person. | [
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matres | XIE19981203.0008 | {
"id": "t0",
"text": "1998-12-03"
} | concluded on Wednesday after the Netherlands gave its go-ahead. Poland, Hungary and the Czech Republic have been accepted as members of the Western military alliance after the upper house of the Dutch parliament voted in favor of their inclusion. All the political parties in the upper house, with the exception of the Greens, agreed on the enlargement process, according to reports reaching here. The lower house already approved the enlargement move in early October this year. The ratification process began in February this year with Canada being the first NATO member state to start the ratification process. It was followed by Denmark, Norway, Germany, France, Greece, Luxembourg, Spain, Britain, the United States, Iceland, Belgium, Italy, Portugal and Turkey. NATO decided at last year's Madrid summit to invite the three eastern European countries to start accession talks. Poland, Hungary and the Czech Republic are scheduled to become full members of NATO in April next year when the alliance celebrates its 50th anniversary in Washington. | <ei1>concluded</ei1> on Wednesday after the Netherlands <ei2>gave</ei2> its go-ahead. Poland, Hungary and the Czech Republic have been <ei3>accepted</ei3> as members of the Western military alliance after the upper house of the Dutch parliament <ei4>voted</ei4> in favor of their inclusion. All the political parties in the upper house, with the exception of the Greens, <ei5>agreed</ei5> on the enlargement process, according to reports <ei6>reaching</ei6> here. The lower house already <ei7>approved</ei7> the enlargement move in early October this year. The ratification process <ei12>began</ei12> in February this year with Canada <ei13>being</ei13> the first NATO member state <ei14>to start</ei14> the ratification process. It was <ei16>followed</ei16> by Denmark, Norway, Germany, France, Greece, Luxembourg, Spain, Britain, the United States, Iceland, Belgium, Italy, Portugal and Turkey. NATO <ei17>decided</ei17> at last year's Madrid summit to invite the three eastern European countries to start accession talks. Poland, Hungary and the Czech Republic are <ei22>scheduled</ei22> to become full members of NATO in April next year when the alliance celebrates its 50th anniversary in Washington. | [
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matres | APW19990312.0251 | {
"id": "t0",
"text": "1999-03-12 10:34:13"
} | INDEPENDENCE, MO. (AP)-- Poland, Hungary, and the Czech Republic today became full-fledged members of NATO, less than a decade after exchanging communist rule for democracy and shedding their Cold War military ties to the Soviet Union. Secretary of State Madeleine Albright accepted admission papers from the three countries' foreign ministers, marking their formal entry into the 50-year-old alliance. ``Hallelujah,'' Albright exclaimed. ``Hungary has come home. We are back in the family,'' said Hungarian Foreign Minister Janos Martonyi. In a touch of symbolism, the ceremony took place at the Harry S. Truman Library. It was during the Truman presidency that the North Atlantic Treaty Organization was founded to halt the westward spread of Soviet-led communism. Ironically, NATO's three newest members just a decade ago were still under the Soviet umbrella. Czech Foreign Minister Jan Kavan said he was in nearby Kansas City working with the anti-Soviet underground in 1968 when Russian troops swept through Prague in the occupation of Czechoslovakia. ``It is for me very symbolic that it is precisely here that we today accept the guarantee that my country never again will become the powerless victim of foreign invasion,'' Kavan said. In looking ahead to even greater expansion of NATO, Polish Foreign Minister Bronislaw Geremek said, ``We should keep the door of the alliance open for those who have fought for freedom ... Another curtain should never descend on Europe.'' There were 12 original members of NATO at the time of its founding. Since 1949, it has been expanded to include Greece and Turkey in 1952, Germany in 1955, and Spain in 1982. The new additions bring the total to 19, and many other hopefuls are waiting in the wings: Slovenia, Romania, Bulgaria, Slovakia, Lithuania, Estonia, and Latvia. Just what NATO will do with these eager applicants is not clear. The issue is expected to dominate a NATO summit set for Washington in April. NATO's mission has changed dramatically since its founding in 1949, a time when the West was intent on halting the westward spread of Soviet-led communism -- a threat Winston Churchill warned about in his famous ``Iron Curtain'' speech delivered on March 5, 1946, at Westminster College in Fulton, Mo., 130 miles east of here. Now the alliance's mission is more ill-defined. NATO warplanes helped end the war in Bosnia almost four years ago and now are poised to intervene in Yugoslavia should peace efforts in the province of Kosovo fail. A decade ago, the military planning of Poland, Hungary, and the Czech Republic was built around the possibility of a ground assault toward the west. As NATO allies, the goal is much smaller armies capable of meeting a variety of contingencies. The State Department says the three new members ``enhance NATO's ability to fulfill its core mission of collective defense, respond to a range of security challenges and reduce the possibility of another major conflict in Europe of the kind that has claimed so many American lives.'' NATO Secretary General Javier Solana says, ``The accession of the Czech Republic, Hungary, and Poland ... is perhaps the clearest demonstration of the fact that Europe is growing closer together.'' ``Extending membership to these three democracies helps to stabilize a region that historically has been the staging ground for many of the disasters of this century.'' But many Russians -- and some Americans -- are wary about the eastward encroachment of NATO. Former Soviet leader Mikhail Gorbachev says the push east signifies a rejection of the common European security system that was discussed at the end of the Cold War. Russian Foreign Minister Igor Ivanov calls extending NATO membership into Eastern Europe ``a movement in the wrong direction.'' ``All European states must cooperate in creating a joint security system,'' he was quoted as saying. ``All European states must work together in the interests of all countries rather than of separate groups.'' | INDEPENDENCE, MO. (AP)-- Poland, Hungary, and the Czech Republic today <ei1>became</ei1> full-fledged members of NATO, less than a decade after <ei2>exchanging</ei2> communist rule for democracy and <ei3>shedding</ei3> their Cold War military ties to the Soviet Union. Secretary of State Madeleine Albright <ei4>accepted</ei4> admission papers from the three countries' foreign ministers, <ei5>marking</ei5> their formal entry into the 50-year-old alliance. ``Hallelujah,'' Albright <ei7>exclaimed</ei7>. ``Hungary has <ei9>come</ei9> home. We <ei10>are</ei10> back in the family,'' <ei11>said</ei11> Hungarian Foreign Minister Janos Martonyi. In a touch of symbolism, the ceremony <ei13>took</ei13> place at the Harry S. Truman Library. It was during the Truman presidency that the North Atlantic Treaty Organization was <ei16>founded</ei16> to <ei17>halt</ei17> the westward spread of Soviet-led communism. Ironically, NATO's three newest members just a decade ago <ei18>were</ei18> still under the Soviet umbrella. Czech Foreign Minister Jan Kavan <ei19>said</ei19> he <ei20>was</ei20> in nearby Kansas City <ei21>working</ei21> with the anti-Soviet underground in 1968 when Russian troops <ei22>swept</ei22> through Prague in the occupation of Czechoslovakia. ``It is for me very symbolic that it is precisely here that we today <ei24>accept</ei24> the guarantee that my country never again will become the powerless victim of foreign invasion,'' Kavan said. In <ei26>looking</ei26> ahead to even greater expansion of NATO, Polish Foreign Minister Bronislaw Geremek <ei28>said</ei28>, ``We should keep the door of the alliance open for those who have <ei30>fought</ei30> for freedom ... Another curtain should never descend on Europe.'' There were 12 original members of NATO at the time of its founding. Since 1949, it has been <ei33>expanded</ei33> to include Greece and Turkey in 1952, Germany in 1955, and Spain in 1982. The new additions <ei34>bring</ei34> the total to 19, and many other hopefuls are <ei81>waiting</ei81> in the wings: Slovenia, Romania, Bulgaria, Slovakia, Lithuania, Estonia, and Latvia. Just what NATO will <ei35>do</ei35> with these eager applicants is not clear. The issue is expected to dominate a NATO summit set for Washington in April. NATO's mission has <ei39>changed</ei39> dramatically since its founding in 1949, a time when the West was intent on halting the westward <ei84>spread</ei84> of Soviet-led communism -- a threat Winston Churchill <ei43>warned</ei43> about in his famous ``Iron Curtain'' speech <ei44>delivered</ei44> on March 5, 1946, at Westminster College in Fulton, Mo., 130 miles east of here. Now the alliance's mission is more ill-defined. NATO warplanes <ei45>helped</ei45> end the war in Bosnia almost four years ago and now are <ei47>poised</ei47> to intervene in Yugoslavia should peace efforts in the province of Kosovo fail. A decade ago, the military planning of Poland, Hungary, and the Czech Republic was <ei51>built</ei51> around the possibility of a ground assault toward the west. As NATO allies, the goal is much smaller armies capable of meeting a variety of contingencies. The State Department <ei54>says</ei54> the three new members ``enhance NATO's ability to fulfill its core mission of collective defense, <ei56>respond</ei56> to a range of security challenges and reduce the possibility of another major conflict in Europe of the kind that has <ei58>claimed</ei58> so many American lives.'' NATO Secretary General Javier Solana <ei59>says</ei59>, ``The accession of the Czech Republic, Hungary, and Poland ... is perhaps the clearest demonstration of the fact that Europe is <ei62>growing</ei62> closer together.'' ``<ei63>Extending</ei63> membership to these three democracies <ei64>helps</ei64> to stabilize a region that historically has been the staging ground for many of the disasters of this century.'' But many Russians -- and some Americans -- <ei67>are</ei67> wary about the eastward encroachment of NATO. Former Soviet leader Mikhail Gorbachev <ei68>says</ei68> the push east <ei69>signifies</ei69> a rejection of the common European security system that was <ei71>discussed</ei71> at the end of the Cold War. Russian Foreign Minister Igor Ivanov <ei73>calls</ei73> <ei74>extending</ei74> NATO membership into Eastern Europe ``a movement in the wrong direction.'' ``All European states must cooperate in creating a joint security system,'' he was <ei77>quoted</ei77> as <ei78>saying</ei78>. ``All European states must work together in the interests of all countries rather than of separate groups.'' | [
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matres | APW19980808.0022 | {
"id": "t0",
"text": "1998-08-08"
} | blew apart buildings and buses, trapping people under slabs of concrete and twisted steel that rescuers cleared with cranes, blowtorches and bare hands. At least 82 were killed and more than 1,700 injured, officials said as dawn broke Saturday. Dozens of people were still missing, however, and the death toll was expected to rise, they said. The suspected car bombings occurred 700 kilometers (450 miles) apart but just minutes apart on Friday, turning busy streets in two African capitals into bloody piles of concrete and knots of steel. ``This appears to have been a very well-coordinated, well-planned attack _ clearly not the work of amateurs,'' U.S. National Security Council spokesman P.J. Crowley said in Washington. No one has claimed responsibility. The blast in Nairobi occurred at about 10:35 a.m. (0735 GMT) Friday, toppling a crowded building toward the embassy and a street packed with cars, trucks and buses. At least 75 people were killed and 1,643 wounded there, Red Cross and ambulance officials said. | <ei1>blew</ei1> apart buildings and buses, <ei2>trapping</ei2> people under slabs of concrete and twisted steel that rescuers <ei3>cleared</ei3> with cranes, blowtorches and bare hands. At least 82 were <ei4>killed</ei4> and more than 1,700 <ei36>injured</ei36>, officials <ei5>said</ei5> as dawn <ei6>broke</ei6> Saturday. Dozens of people were still <ei7>missing</ei7>, however, and the death toll was <ei8>expected</ei8> to rise, they <ei10>said</ei10>. The suspected car bombings occurred 700 kilometers (450 miles) apart but just minutes apart on Friday, <ei12>turning</ei12> busy streets in two African capitals into bloody piles of concrete and knots of steel. ``This appears to have been a very well-coordinated, well-planned attack _ clearly not the work of amateurs,'' U.S. National Security Council spokesman P.J. Crowley <ei16>said</ei16> in Washington. No one has claimed responsibility. The blast in Nairobi occurred at about 10:35 a.m. (0735 GMT) Friday, <ei19>toppling</ei19> a crowded building toward the embassy and a street packed with cars, trucks and buses. At least 75 people were <ei21>killed</ei21> and 1,643 <ei22>wounded</ei22> there, Red Cross and ambulance officials <ei23>said</ei23>. | [
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matres | APW20000417.0031 | {
"id": "t0",
"text": "2000-04-17"
} | Lobbed by both sides of the Elian Gonzalez custody battle, attention returned today to the federal judges deciding a key point in the international case. The 11th U.S. Circuit Court of Appeals in Atlanta has been asked by the U.S. government to suspend a ruling by one of its judges that prevents the removal of Elian from the country. Such a decision would allow the U.S. government to push for the 6-year-old boy's swift reunion in Washington with his waiting father, Juan Miguel Gonzalez, who wants to return to Cuba. He has said he will wait out appeals by the Miami relatives seeking an asylum hearing for Elian before the same court -- but only if he has custody of his son. There was growing apprehension outside the Little Havana home where the boy has lived with his great-uncle for nearly five months. ''The feeling is the Clinton administration might send federal agents to pull him out of here,'' said Sergio Navarro, a 39-year-old Miami businessman who spent part of Sunday night with chanting protesters. Elian's relatives have cared for him since November, when he was found clinging to an inner tube in the Florida Straits. His mother and 10 other people fleeing Cuba drowned when their boat sank. The Clinton administration has pushed for the boy's return to his father, ruling only he can speak for his son on immigration matters. The boy's Miami relatives say he will have a better life here and have attempted to portray Juan Miguel Gonzalez as a pawn of Fidel Castro. The Justice Department wants the appeals court to suspend the temporary injunction issued Thursday and also order Elian's great-uncle, Lazaro Gonzalez, to release the boy. The relatives want the court to let them meet with Elian's father without being required to surrender the boy. The court watch comes after one of the most bitter charges yet in the custody battle. Juan Miguel Gonzalez lashed out at his Miami relatives Sunday night, accusing them of ''child abuse'' for turning his son against him. He said they have manipulated his son to believe that his mother still may show up someday -- in this country. ''This is child abuse and mistreatment, what they're doing to this boy,'' Gonzalez said on CBS's ''60 Minutes.'' ''The way they're abusing him, turning him against his father ... he's suffering more here amongst them than he suffered in the sea.'' Gonzalez said he didn't believe a much-publicized video taped at the relatives' home in which his son said he didn't want to go. He has spoken with Elian at least three times since he arrived in the United States on April 6, and he insisted his son wants to return to Cuba. ''He's told me so,'' Gonzalez said. The Miami relatives are ``putting a bunch of toys in front of a 6-year-old. He cannot decide for himself. The one that decides for him is me, his father.'' Elian's Miami relatives have filed affidavits alleging Gonzalez abused his former wife and his 6-year-old son, a charge Gonzalez denied. During the time of the broadcast on Sunday, family members and Elian were outside the home of Lazaro Gonzalez and did not publicly comment after the show. Protesters, however, dismissed Juan Miguel's comments as either selfish or the words of Fidel Castro. ''Fidel Castro is claiming the son, not him,'' said Olga Coto, 56, of Miami. ''He's being manipulated totally by Fidel Castro. He's not telling the truth.'' Many worried their efforts to keep the boy in Miami would fail today, the 39th anniversary of the Bay of Pigs fiasco, an aborted invasion of Cuba by CIA-trained exiles that left much bitterness among the Cuban-American community. ''We were betrayed by the government, by (President) Kennedy, and if they turned the child back over, it will be a second betrayal,'' said Josefa Gonzalez, who left Cuba in 1962 when she was 4. Earlier Sunday, protesters prayed for divine help as Easter week began, waving palm fronds and posters of the Cuban boy and Jesus. Priests joined the crowd to offer a religious service. ''There are many people who tell us that we should give up this fight,'' said Martin Anorga, an evangelical pastor. ''But we will follow in the path that the Lord has shown us, despite those who want to get in our way.'' | <ei1>Lobbed</ei1> by both sides of the Elian Gonzalez custody battle, attention <ei2>returned</ei2> today to the federal judges <ei141>deciding</ei141> a key point in the international case. The 11th U.S. Circuit Court of Appeals in Atlanta has been <ei3>asked</ei3> by the U.S. government to suspend a ruling by one of its judges that <ei5>prevents</ei5> the removal of Elian from the country. Such a decision would allow the U.S. government to push for the 6-year-old boy's swift reunion in Washington with his waiting father, Juan Miguel Gonzalez, who wants to return to Cuba. He has <ei10>said</ei10> he will wait out appeals by the Miami relatives seeking an asylum hearing for Elian before the same court -- but only if he has custody of his son. There was <ei13>growing</ei13> apprehension outside the Little Havana home where the boy has <ei14>lived</ei14> with his great-uncle for nearly five months. ''The feeling is the Clinton administration might send federal agents to pull him out of here,'' <ei17>said</ei17> Sergio Navarro, a 39-year-old Miami businessman who <ei18>spent</ei18> part of Sunday night with <ei19>chanting</ei19> protesters. Elian's relatives have <ei20>cared</ei20> for him since November, when he was <ei21>found</ei21> <ei22>clinging</ei22> to an inner tube in the Florida Straits. His mother and 10 other people <ei23>fleeing</ei23> Cuba drowned when their boat <ei24>sank</ei24>. The Clinton administration has <ei25>pushed</ei25> for the boy's return to his father, <ei113>ruling</ei113> only he can speak for his son on immigration matters. The boy's Miami relatives <ei27>say</ei27> he will have a better life here and have <ei28>attempted</ei28> to portray Juan Miguel Gonzalez as a pawn of Fidel Castro. The Justice Department wants the appeals court to suspend the temporary injunction <ei31>issued</ei31> Thursday and also order Elian's great-uncle, Lazaro Gonzalez, to release the boy. The relatives <ei33>want</ei33> the court to let them meet with Elian's father without being required to surrender the boy. The court watch <ei38>comes</ei38> after one of the most bitter charges yet in the custody battle. Juan Miguel Gonzalez <ei39>lashed</ei39> out at his Miami relatives Sunday night, <ei40>accusing</ei40> them of ''child abuse'' for <ei41>turning</ei41> his son against him. He <ei42>said</ei42> they have <ei43>manipulated</ei43> his son to <ei44>believe</ei44> that his mother still may show up someday -- in this country. ''This is child abuse and mistreatment, what they're <ei46>doing</ei46> to this boy,'' Gonzalez <ei47>said</ei47> on CBS's ''60 Minutes.'' ''The way they're <ei48>abusing</ei48> him, turning him against his father ... he's <ei50>suffering</ei50> more here amongst them than he <ei51>suffered</ei51> in the sea.'' Gonzalez <ei52>said</ei52> he didn't believe a much-publicized video taped at the relatives' home in which his son <ei55>said</ei55> he didn't want to go. He has <ei58>spoken</ei58> with Elian at least three times since he <ei59>arrived</ei59> in the United States on April 6, and he <ei60>insisted</ei60> his son <ei61>wants</ei61> to return to Cuba. ''He's <ei63>told</ei63> me so,'' Gonzalez <ei64>said</ei64>. The Miami relatives are ``<ei65>putting</ei65> a bunch of toys in front of a 6-year-old. He cannot decide for himself. The one that decides for him is me, his father.'' Elian's Miami relatives have <ei66>filed</ei66> affidavits <ei67>alleging</ei67> Gonzalez <ei145>abused</ei145> his former wife and his 6-year-old son, a charge Gonzalez <ei68>denied</ei68>. During the time of the broadcast on Sunday, family members and Elian were outside the home of Lazaro Gonzalez and did not publicly comment after the show. Protesters, however, <ei70>dismissed</ei70> Juan Miguel's comments as either selfish or the words of Fidel Castro. ''Fidel Castro is <ei71>claiming</ei71> the son, not him,'' <ei72>said</ei72> Olga Coto, 56, of Miami. ''He's being <ei73>manipulated</ei73> totally by Fidel Castro. He's not telling the truth.'' Many <ei75>worried</ei75> their efforts to keep the boy in Miami would fail today, the 39th anniversary of the Bay of Pigs fiasco, an aborted invasion of Cuba by CIA-trained exiles that left much bitterness among the Cuban-American community. ''We were <ei146>betrayed</ei146> by the government, by (President) Kennedy, and if they turned the child back over, it will be a second betrayal,'' <ei81>said</ei81> Josefa Gonzalez, who <ei82>left</ei82> Cuba in 1962 when she was 4. Earlier Sunday, protesters <ei83>prayed</ei83> for divine help as Easter week <ei84>began</ei84>, <ei85>waving</ei85> palm fronds and posters of the Cuban boy and Jesus. Priests <ei86>joined</ei86> the crowd to <ei87>offer</ei87> a religious service. ''There are many people who <ei88>tell</ei88> us that we should give up this fight,'' <ei90>said</ei90> Martin Anorga, an evangelical pastor. 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matres | APW20000328.0257 | {
"id": "t0",
"text": "2000-03-28"
} | said Tuesday his government told U.S. officials it is worried that Miami-based exiles might take Elian Gonzalez to another country or even harm him if they lose their battle to block the boy's return to Cuba. Reading from Cuban intelligence documents on state television, Castro said a group of Cuban-Americans in Miami was studying the possibility of taking Elian and his Miami relatives to a third nation, probably Nicaragua or Costa Rica. Castro said his government had shared its concerns with the U.S. State Department about the possibility of such a move ''which could cause damage not only to a child, but to the reputation of the United States.'' A State Department duty officer said she had no information on a threat to Elian and was unaware of Castro's remarks. In Miami, the boy's great-uncle, Lazaro Gonzalez, denied that he would send Elian out of the country, or that he himself would leave. ''It never even entered my mind,'' he said. ''This is my home.'' The Cuban leader first raised those worries during another live television appearance Sunday night during a speech to about 700 Cuban university students. But it was not until Tuesday that Castro revealed that those concerns had been shared directly with the U.S. government. | <ei1>said</ei1> Tuesday his government <ei2>told</ei2> U.S. officials it is worried that Miami-based exiles might take Elian Gonzalez to another country or even harm him if they lose their battle to block the boy's return to Cuba. Reading from Cuban intelligence documents on state television, Castro <ei9>said</ei9> a group of Cuban-Americans in Miami was <ei10>studying</ei10> the possibility of taking Elian and his Miami relatives to a third nation, probably Nicaragua or Costa Rica. Castro <ei12>said</ei12> his government had <ei13>shared</ei13> its concerns with the U.S. State Department about the possibility of such a move ''which could cause damage not only to a child, but to the reputation of the United States.'' A State Department duty officer <ei15>said</ei15> she had no information on a threat to Elian and was unaware of Castro's remarks. In Miami, the boy's great-uncle, Lazaro Gonzalez, denied that he would send Elian out of the country, or that he himself would leave. ''It never even entered my mind,'' he said. ''This is my home.'' The Cuban leader first <ei21>raised</ei21> those worries during another live television appearance Sunday night during a speech to about 700 Cuban university students. But it was not until Tuesday that Castro <ei23>revealed</ei23> that those concerns had been <ei24>shared</ei24> directly with the U.S. government. | [
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matres | APW20000216.0193 | {
"id": "t0",
"text": "2000-02-16"
} | said in a letter published Wednesday that he wants Cuban diplomats based in Washington to meet with his 6-year-old son in Miami and check on his condition. ``We are worried not only about his prolonged kidnapping,'' Juan Miguel Gonzalez wrote in a letter published on the front page of the Communist Party daily Granma. ``We lack direct information about the concrete conditions to which he is subjected in his daily life.'' There was no immediate response from the U.S. government to the request. It was likely to be opposed by Elian's Miami relatives, who are fighting to keep the boy in the United States and who have said they think Gonzalez is being controlled by Fidel Castro's government. Gonzalez also wrote to Attorney General Janet Reno earlier this week, demanding that Elian be returned to him and saying he does not recognize the courts hearing the custody battle. The Justice Department said it was reviewing that letter. Gonzalez's second letter to Reno in two weeks was published in Granma on Tuesday. ``I formally object to the legal moves made or being made by those who are arbitrarily retaining Elian,'' Gonzalez said in the letter, dated Monday. In the letter, Gonzalez said he does not recognize the jurisdiction of the U.S. court system, which is weighing an attempt by Elian's Miami relatives to block his return to Cuba. Elian has been the focus of an international custody battle since he was found on an inner tube off the Florida coast on Nov. 25. The boy's mother and 10 other people died when their boat sank on the way from Cuba to the United States. Elian is staying with his paternal great-uncle Lazaro Gonzalez, who is fighting to keep the boy with him in the United States. Cuban exiles in Miami say the boy's mother died to give him freedom in the United States, while the Cuban government maintains Elian is being improperly kept from his father. ``Juan Miguel must not have written the letter himself,'' said Armando Gutierrez, spokesman for Elian's relatives in Miami. ``Castro must be dreaming for the family to allow Cuban spies inside Lazaro Gonzalez's home.'' Lawyers for the relatives in Miami filed a brief in federal court on Monday arguing the Immigration and Naturalization Service cannot return Elian to Cuba without holding a political asylum hearing. U.S. government lawyers have moved to dismiss the Miami relatives' lawsuit, arguing that they have no legal standing in the boy's case. The INS ruled last month that only Elian's father has the right to speak for the boy in immigration matters. | <ei1>said</ei1> in a letter <ei2>published</ei2> Wednesday that he <ei3>wants</ei3> Cuban diplomats based in Washington to meet with his 6-year-old son in Miami and <ei54>check</ei54> on his condition. ``We are worried not only about his prolonged kidnapping,'' Juan Miguel Gonzalez <ei6>wrote</ei6> in a letter <ei7>published</ei7> on the front page of the Communist Party daily Granma. ``We <ei8>lack</ei8> direct information about the concrete conditions to which he is <ei9>subjected</ei9> in his daily life.'' There was no immediate response from the U.S. government to the request. It was likely to be opposed by Elian's Miami relatives, who are <ei11>fighting</ei11> to keep the boy in the United States and who have <ei13>said</ei13> they <ei14>think</ei14> Gonzalez is being controlled by Fidel Castro's government. Gonzalez also <ei16>wrote</ei16> to Attorney General Janet Reno earlier this week, <ei17>demanding</ei17> that Elian be returned to him and <ei19>saying</ei19> he does not recognize the courts <ei74>hearing</ei74> the custody battle. The Justice Department <ei21>said</ei21> it was <ei22>reviewing</ei22> that letter. Gonzalez's second letter to Reno in two weeks was <ei23>published</ei23> in Granma on Tuesday. ``I formally <ei24>object</ei24> to the legal moves made or being made by those who are arbitrarily <ei27>retaining</ei27> Elian,'' Gonzalez <ei28>said</ei28> in the letter, <ei29>dated</ei29> Monday. In the letter, Gonzalez <ei30>said</ei30> he does not recognize the jurisdiction of the U.S. court system, which is weighing an attempt by Elian's Miami relatives to block his return to Cuba. Elian has been the focus of an international custody battle since he was <ei32>found</ei32> on an inner tube off the Florida coast on Nov. 25. The boy's mother and 10 other people died when their boat <ei33>sank</ei33> on the way from Cuba to the United States. Elian is staying with his paternal great-uncle Lazaro Gonzalez, who is <ei35>fighting</ei35> to <ei36>keep</ei36> the boy with him in the United States. Cuban exiles in Miami <ei37>say</ei37> the boy's mother <ei76>died</ei76> to give him freedom in the United States, while the Cuban government <ei39>maintains</ei39> Elian is being improperly kept from his father. ``Juan Miguel must not have <ei41>written</ei41> the letter himself,'' <ei42>said</ei42> Armando Gutierrez, spokesman for Elian's relatives in Miami. ``Castro must be dreaming for the family to allow Cuban spies inside Lazaro Gonzalez's home.'' Lawyers for the relatives in Miami <ei45>filed</ei45> a brief in federal court on Monday <ei46>arguing</ei46> the Immigration and Naturalization Service cannot return Elian to Cuba without holding a political asylum hearing. U.S. government lawyers have <ei49>moved</ei49> to dismiss the Miami relatives' lawsuit, <ei51>arguing</ei51> that they have no legal standing in the boy's case. The INS <ei52>ruled</ei52> last month that only Elian's father has the right to <ei53>speak</ei53> for the boy in immigration matters. | [
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matres | APW20000216.0272 | {
"id": "t0",
"text": "2000-02-16"
} | said in a letter published Wednesday that he wants Cuban diplomats based in Washington to meet with his 6-year-old son in Miami and check on his condition. ``We are worried not only about his prolonged kidnapping,'' Juan Miguel Gonzalez wrote in a letter published on the front page of the Communist Party daily Granma. ``We lack direct information about the concrete conditions to which he is subjected in his daily life.'' There was no immediate response from the U.S. government to the request. It was likely to be opposed by Elian's Miami relatives, who are fighting to keep the boy in the United States and who have said they think Gonzalez is being controlled by Fidel Castro's government. Hundreds of former fighters in the revolution that brought Castro to power 42 years ago gathered Wednesday night to denounce the Miami ``worms'' who support Elian's being kept in the United States. With Castro and other historic revolutionary leaders sitting in the front row of Havana's Conventions Palace, a string of former guerrillas called for the return of ``our Elian'' to his father on the communist island. Gonzalez had written a letter earlier this week to Attorney General Janet Reno, demanding Elian be returned to him and saying he did not recognize the courts hearing the custody battle. The Justice Department said it was reviewing that letter. Gonzalez's second letter to Reno in two weeks was published in Granma on Tuesday. ``I formally object to the legal moves made or being made by those who are arbitrarily retaining Elian,'' Gonzalez said in the letter, dated Monday. In the letter, Gonzalez said he does not recognize the jurisdiction of the U.S. court system, which is weighing an attempt by Elian's Miami relatives to block his return to Cuba. Elian has been the focus of an international custody battle since he was found on an inner tube off the Florida coast on Nov. 25. The boy's mother and 10 other people died when their boat sank on the way from Cuba to the United States. Elian is staying with his paternal great-uncle Lazaro Gonzalez, who is fighting to keep the boy with him in the United States. Cuban exiles in Miami say the boy's mother died to give him freedom in the United States, while the Cuban government maintains Elian is being improperly kept from his father. ``Juan Miguel must not have written the letter himself,'' said Armando Gutierrez, spokesman for Elian's relatives in Miami. ``Castro must be dreaming for the family to allow Cuban spies inside Lazaro Gonzalez's home.'' Lawyers for the relatives in Miami filed a brief in federal court on Monday arguing the Immigration and Naturalization Service cannot return Elian to Cuba without holding a political asylum hearing. U.S. government lawyers have moved to dismiss the Miami relatives' lawsuit, arguing that they have no legal standing in the boy's case. The INS ruled last month that only Elian's father has the right to speak for the boy in immigration matters. | <ei1>said</ei1> in a letter <ei2>published</ei2> Wednesday that he <ei3>wants</ei3> Cuban diplomats based in Washington to meet with his 6-year-old son in Miami and check on his condition. ``We are worried not only about his prolonged kidnapping,'' Juan Miguel Gonzalez <ei6>wrote</ei6> in a letter <ei7>published</ei7> on the front page of the Communist Party daily Granma. ``We lack direct information about the concrete conditions to which he is <ei9>subjected</ei9> in his daily life.'' There was no immediate response from the U.S. government to the request. It was likely to be opposed by Elian's Miami relatives, who are <ei11>fighting</ei11> to keep the boy in the United States and who have <ei13>said</ei13> they <ei14>think</ei14> Gonzalez is being controlled by Fidel Castro's government. Hundreds of former fighters in the revolution that <ei16>brought</ei16> Castro to power 42 years ago <ei17>gathered</ei17> Wednesday night to denounce the Miami ``worms'' who <ei19>support</ei19> Elian's being <ei20>kept</ei20> in the United States. With Castro and other historic revolutionary leaders <ei21>sitting</ei21> in the front row of Havana's Conventions Palace, a string of former guerrillas <ei22>called</ei22> for the return of ``our Elian'' to his father on the communist island. Gonzalez had <ei23>written</ei23> a letter earlier this week to Attorney General Janet Reno, <ei24>demanding</ei24> Elian be <ei25>returned</ei25> to him and <ei26>saying</ei26> he did not recognize the courts <ei27>hearing</ei27> the custody battle. The Justice Department <ei28>said</ei28> it was <ei29>reviewing</ei29> that letter. Gonzalez's second letter to Reno in two weeks was <ei30>published</ei30> in Granma on Tuesday. ``I formally <ei31>object</ei31> to the legal moves made or being made by those who are arbitrarily <ei34>retaining</ei34> Elian,'' Gonzalez <ei35>said</ei35> in the letter, <ei36>dated</ei36> Monday. In the letter, Gonzalez <ei37>said</ei37> he does not recognize the jurisdiction of the U.S. court system, which is weighing an attempt by Elian's Miami relatives to block his return to Cuba. Elian has been the focus of an international custody battle since he was <ei39>found</ei39> on an inner tube off the Florida coast on Nov. 25. The boy's mother and 10 other people <ei87>died</ei87> when their boat <ei40>sank</ei40> on the way from Cuba to the United States. Elian is staying with his paternal great-uncle Lazaro Gonzalez, who is <ei42>fighting</ei42> to keep the boy with him in the United States. Cuban exiles in Miami <ei44>say</ei44> the boy's mother <ei88>died</ei88> to give him freedom in the United States, while the Cuban government <ei46>maintains</ei46> Elian is being improperly <ei47>kept</ei47> from his father. ``Juan Miguel must not have written the letter himself,'' <ei49>said</ei49> Armando Gutierrez, spokesman for Elian's relatives in Miami. ``Castro must be <ei50>dreaming</ei50> for the family to allow Cuban spies inside Lazaro Gonzalez's home.'' Lawyers for the relatives in Miami <ei52>filed</ei52> a brief in federal court on Monday <ei53>arguing</ei53> the Immigration and Naturalization Service cannot return Elian to Cuba without holding a political asylum hearing. U.S. government lawyers have <ei56>moved</ei56> to dismiss the Miami relatives' lawsuit, <ei58>arguing</ei58> that they have no legal standing in the boy's case. The INS <ei59>ruled</ei59> last month that only Elian's father has the right to <ei60>speak</ei60> for the boy in immigration matters. | [
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matres | XIE19980808.0060 | {
"id": "t0",
"text": "1998-08-08"
} | Condemned two terrorist bomb attacks in Kenya and Tanzania on Friday, calling them an "atrocious crime." In a condolence telegram to U.S. President Bill Clinton, President Glafcos Clerides condemned the terrorist acts and extended his sympathy to the victims' families. Similar telegrams were sent by the Cyprus government to the presidents of Kenya and Tanzania. More than 100 people died, eight of them Americans, and over 1,000 were injured after a bomb ripped through an office building next to the U.S. embassy in Nairobi, Kenya, Friday morning. Six people were also killed and at least 58 injured in a car bomb attack on Friday outside the U.S. embassy in the Tanzanian capital, Dar es Salaam. The two bombings happened only minutes apart, apparently targeting the U.S. embassies. No one has claimed responsibility for the attacks. | <ei1>Condemned</ei1> two terrorist bomb attacks in Kenya and Tanzania on Friday, <ei2>calling</ei2> them an "atrocious crime." In a condolence telegram to U.S. President Bill Clinton, President Glafcos Clerides <ei3>condemned</ei3> the terrorist acts and <ei4>extended</ei4> his sympathy to the victims' families. Similar telegrams were <ei5>sent</ei5> by the Cyprus government to the presidents of Kenya and Tanzania. More than 100 people died, eight of them Americans, and over 1,000 were injured after a bomb <ei6>ripped</ei6> through an office building next to the U.S. embassy in Nairobi, Kenya, Friday morning. Six people were also <ei7>killed</ei7> and at least 58 injured in a car bomb attack on Friday outside the U.S. embassy in the Tanzanian capital, Dar es Salaam. The two bombings happened only minutes apart, apparently targeting the U.S. embassies. No one has claimed responsibility for the attacks. | [
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matres | APW19980911.0475 | {
"id": "t0",
"text": "1998-09-11"
} | Expelled five Iraqis and a Libyan who were questioned by the FBI and police in connection with the bombing of two U.S. embassies in East Africa last month, a newspaper reported Friday. Immigration officials escorted the Libyan, Atif Issa Enhamed, to the airport and put him on a flight to an undisclosed Middle East destination, said Uhuru, or Freedom, a Swahili newspaper owned by the ruling Chama Cha Mapinduzi party. Five Iraqis, whose names were not disclosed, also were deported, the newspaper said. It gave no reason for the expulsions, and Tanzania's criminal investigation and immigration departments could not be reached for comment. Nearly simultaneous bombings at U.S. embassies in Dar es Salaam, Tanzania, and Nairobi, Kenya, on August 7 killed 258 people, including 12 Americans, and injured more than 5,500. Of those killed, 11 were killed in Tanzania. Two key suspects in the Kenya bombing have been handed over to the United States for trial. American authorities allege the attacks were plotted by Saudi terrorist Osama bin Laden. On Sunday, Tanzanian police and FBI agents said they had made “extraordinary discoveries,” having determined what the Dar es Salaam bomb was made of and who carried it to the embassy. They refused to provide details. Media reports in Tanzania have said the ingredients for the bombs had originated in the Middle East and were transferred by sea via the Comoro Islands to Tanzania. Reports in Kenya said the components of the bomb that exploded in Nairobi were transported by road from Tanzania to Kenya. The East African nations share a long and mostly unguarded border. On September 2, police in the Comoros archipelago, off the Tanzanian coast, raided two homes and searched for a suspect in the bombings identified as Abdallah Mohammed Fadhul, a Comorian Muslim who had lived with his wife in Sudan until shortly after the bombings. | <ei1>Expelled</ei1> five Iraqis and a Libyan who were <ei2>questioned</ei2> by the FBI and police in connection with the bombing of two U.S. embassies in East Africa last month, a newspaper <ei3>reported</ei3> Friday. Immigration officials <ei4>escorted</ei4> the Libyan, Atif Issa Enhamed, to the airport and <ei5>put</ei5> him on a flight to an undisclosed Middle East destination, <ei6>said</ei6> Uhuru, or Freedom, a Swahili newspaper owned by the ruling Chama Cha Mapinduzi party. Five Iraqis, whose names were not disclosed, also were <ei9>deported</ei9>, the newspaper <ei10>said</ei10>. It gave no reason for the expulsions, and Tanzania's criminal investigation and immigration departments could not be reached for comment. Nearly simultaneous bombings at U.S. embassies in Dar es Salaam, Tanzania, and Nairobi, Kenya, on August 7 <ei13>killed</ei13> 258 people, including 12 Americans, and <ei53>injured</ei53> more than 5,500. Of those <ei15>killed</ei15>, 11 were <ei16>killed</ei16> in Tanzania. Two key suspects in the Kenya bombing have been <ei17>handed</ei17> over to the United States for trial. American authorities <ei18>allege</ei18> the attacks were plotted by Saudi terrorist Osama bin Laden. On Sunday, Tanzanian police and FBI agents <ei19>said</ei19> they had made “extraordinary discoveries,” having <ei21>determined</ei21> what the Dar es Salaam bomb was made of and who <ei23>carried</ei23> it to the embassy. They <ei24>refused</ei24> to provide details. Media reports in Tanzania have <ei26>said</ei26> the ingredients for the bombs had <ei27>originated</ei27> in the Middle East and were <ei28>transferred</ei28> by sea via the Comoro Islands to Tanzania. Reports in Kenya <ei29>said</ei29> the components of the bomb that <ei30>exploded</ei30> in Nairobi were <ei31>transported</ei31> by road from Tanzania to Kenya. The East African nations share a long and mostly unguarded border. On September 2, police in the Comoros archipelago, off the Tanzanian coast, <ei33>raided</ei33> two homes and <ei34>searched</ei34> for a suspect in the bombings identified as Abdallah Mohammed Fadhul, a Comorian Muslim who had lived with his wife in Sudan until shortly after the bombings. | [
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matres | ABC19980120.1830.0957 | {
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} | For his part, Fidel Castro is the ultimate political survivor. People have predicted his demise so many times, and the US has tried to hasten it on several occasions. Time and again, he endures. He has outlasted and sometimes outsmarted eight American presidents. Fidel Castro invited John Paul to come for a reason. This is clearly an opportunity for Cuba to look good internationally. The entire world will see images of the Pope in Cuba. They'll see images of the Pope with Fidel Castro. It will give the rest of the world the view that Cuba is like any other nation, something the US has, of course, tried to persuade the world that it is not. For nearly forty years, the United States has said categorically it would not tolerate totalitarian rule in its own backyard. It is the US economic and political embargo which has kept Cuba in a box. The main positive for Castro to invite the Pope is international, to be able to say to the rest of the world, this government is not as closed, as intolerant, as totalitarian as some make it out to be. One of the scenarios widely advanced before the visit is that through the Pope, Cuba, still led by Castro, can begin a more productive relationship with the world. That will, in turn, bring pressure on Washington to change. Those observers looking for a battle between uncompromising representatives and very different ideologies will, in all likelihood, be disappointed. Castro has said that you can be a Communist and still be a Christian. He says he and the Pope both want to end the exploitation of man by man. The question is who will Cubans believe? The main negative is the risk that the Pope's visit will persuade a great many more Cubans to break loose of the Cuban government. If so, then the Pope's visit would really open up a new chapter in the government's relations with its own society. For the Cuban government, that is the risk. | For his part, Fidel Castro is the ultimate political survivor. People have <ei415>predicted</ei415> his demise so many times, and the US has <ei417>tried</ei417> to <ei418>hasten</ei418> it on several occasions. Time and again, he <ei419>endures</ei419>. He has <ei420>outlasted</ei420> and sometimes <ei421>outsmarted</ei421> eight American presidents. Fidel Castro <ei422>invited</ei422> John Paul to <ei423>come</ei423> for a reason. This is clearly an opportunity for Cuba to look good internationally. The entire world will see images of the Pope in Cuba. They'll <ei425>see</ei425> images of the Pope with Fidel Castro. It will <ei426>give</ei426> the rest of the world the view that Cuba is like any other nation, something the US has, of course, <ei429>tried</ei429> to persuade the world that it is not. For nearly forty years, the United States has <ei431>said</ei431> categorically it would not tolerate totalitarian rule in its own backyard. It is the US economic and political embargo which has <ei435>kept</ei435> Cuba in a box. The main positive for Castro to <ei437>invite</ei437> the Pope is international, to be able to say to the rest of the world, this government is not as closed, as intolerant, as totalitarian as some <ei441>make</ei441> it out to be. One of the scenarios widely <ei442>advanced</ei442> before the visit is that through the Pope, Cuba, still <ei444>led</ei444> by Castro, can begin a more productive relationship with the world. That will, in turn, bring pressure on Washington to change. Those observers looking for a battle between uncompromising representatives and very different ideologies will, in all likelihood, be disappointed. Castro has said that you can be a Communist and still be a Christian. He says he and the Pope both want to end the exploitation of man by man. The question is who will Cubans believe? The main negative is the risk that the Pope's visit will persuade a great many more Cubans to break loose of the Cuban government. If so, then the Pope's visit would really open up a new chapter in the government's relations with its own society. For the Cuban government, that is the risk. | [
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matres | wsj_0791 | {
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matres | VOA19980305.1800.2603 | {
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} | International Women's Day is this coming Sunday, March eighth. A major focus of International Women's Day is the plight of Afghan women. Special events are being organized by the European Commission and individual nations in Europe, North America, and other parts of the world. Lisa Schlein reports from Geneva. Afghanistan has been at war for twenty years, leaving a large part of the country's male population dead or in exile. The United Nations says women and children make up about seventy-five percent of the Afghan population. An Afghan refugee in Switzerland, Homira Atimadi, is a senior official of a group called the International Working Group on Afghan Women. The group has branches in Pakistan, Iran, Europe, Australia, and North America. Ms. Atimadi says Afghan women have been victims of severe violations of human rights for the past twenty years and she says she sees no end to the misery. She says security under the fundamentalist Taliban government is better, but everything else is worse. Women do not become victims of armed attack, but they do not have the right to work. And today, the right to work is equal to the right to survival. Ms. Atimadi says the war has created a nation of widows. Women have become the sole support of their families. Yet, the Taliban have forbidden them to work. She says this puts the very existence of women's families at risk. She says the plight of women in urban areas is greater than that which exists in rural parts of the country. In cities, such as the capital Kabul, women are totally dependent on international aid for survival. Ms. Atimadi says the women of Kabul symbolize the suffering of all the women in Afghanistan. The aim is to bring in not only the focus on women's right to education, access to work, but look beyond that and look at the roots of these problems. These are only the symptoms of the problems that are facing Afghanistan. For women in Afghanistan to be able to realize their rights, there have to be conditions of peace and justice. Ms. Atimadi says that is the primary focus of her group, peace and justice. She says her group is appealing to individuals, to the international community, and to the combatants and people of Afghanistan to stop the bloodletting which has torn the country apart. Lisa Schlein for VOA News, Geneva. | International Women's Day is this coming Sunday, March eighth. A major focus of International Women's Day is the plight of Afghan women. Special events are being organized by the European Commission and individual nations in Europe, North America, and other parts of the world. Lisa Schlein reports from Geneva. Afghanistan has been at war for twenty years, <ei433>leaving</ei433> a large part of the country's male population dead or in exile. The United Nations <ei436>says</ei436> women and children <ei437>make</ei437> up about seventy-five percent of the Afghan population. An Afghan refugee in Switzerland, Homira Atimadi, is a senior official of a group called the International Working Group on Afghan Women. The group has branches in Pakistan, Iran, Europe, Australia, and North America. Ms. Atimadi <ei438>says</ei438> Afghan women have been victims of severe violations of human rights for the past twenty years and she <ei441>says</ei441> she sees no end to the misery. She <ei445>says</ei445> security under the fundamentalist Taliban government is better, but everything else is worse. Women do not become victims of armed attack, but they do not have the right to work. And today, the right to work is equal to the right to survival. Ms. Atimadi <ei456>says</ei456> the war has <ei458>created</ei458> a nation of widows. Women have <ei460>become</ei460> the sole support of their families. Yet, the Taliban have <ei462>forbidden</ei462> them to <ei463>work</ei463>. She <ei464>says</ei464> this <ei465>puts</ei465> the very existence of women's families at risk. She <ei467>says</ei467> the plight of women in urban areas is greater than that which exists in rural parts of the country. In cities, such as the capital Kabul, women are totally dependent on international aid for survival. Ms. Atimadi <ei472>says</ei472> the women of Kabul <ei473>symbolize</ei473> the suffering of all the women in Afghanistan. The aim is to bring in not only the focus on women's right to education, access to work, but look beyond that and look at the roots of these problems. These are only the symptoms of the problems that are facing Afghanistan. For women in Afghanistan to be able to realize their rights, there have to be conditions of peace and justice. Ms. Atimadi <ei482>says</ei482> that is the primary focus of her group, peace and justice. She <ei484>says</ei484> her group is <ei485>appealing</ei485> to individuals, to the international community, and to the combatants and people of Afghanistan to stop the <ei487>bloodletting</ei487> which has <ei488>torn</ei488> the country apart. Lisa Schlein for VOA News, Geneva. | [
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matres | VOA19980303.1600.0917 | {
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} | Nigerian security forces clashed in Lagos with anti-government demonstrators who were protesting calls for military leader Sani Abacha to run for president. Meanwhile, as VOA West Africa Correspondent Purnell Murdock reports, General Abacha's supporters began a two-day rally in the capital, Abuja, to urge him to compete in this year's election. Nigeria state radio says thousands of people began gathering in the capital Abuja early Tuesday for the two-day rally supporting General Sani Abacha's candidacy. Organizers state the two days of music, dancing, and speeches are expected to draw some two million people. But as supporters of the military leader gathered in the north, riot police deployed in Nigeria's southern commercial capital, Lagos, to break up a protest rally called by the political opposition. Although General Abacha had not publicly announced his candidacy, many people believe an Abacha presidency is a foregone conclusion. Some analysts say the outcome of a face-off between the police and anti-Abacha political groups will be a test of the opposition's resolve. Purnell Murdock, VOA News. | Nigerian security forces <ei2222>clashed</ei2222> in Lagos with anti-government demonstrators who were <ei2223>protesting</ei2223> calls for military leader Sani Abacha to run for president. Meanwhile, as VOA West Africa Correspondent Purnell Murdock reports, General Abacha's supporters <ei2226>began</ei2226> a two-day rally in the capital, Abuja, to urge him to compete in this year's election. Nigeria state radio <ei2230>says</ei2230> thousands of people <ei2231>began</ei2231> <ei2232>gathering</ei2232> in the capital Abuja early Tuesday for the two-day rally <ei2235>supporting</ei2235> General Sani Abacha's candidacy. Organizers <ei2238>state</ei2238> the two days of music, dancing, and speeches are expected to draw some two million people. But as supporters of the military leader <ei2242>gathered</ei2242> in the north, riot police <ei2243>deployed</ei2243> in Nigeria's southern commercial capital, Lagos, to break up a protest rally <ei2246>called</ei2246> by the political opposition. Although General Abacha had not publicly announced his candidacy, many people <ei2249>believe</ei2249> an Abacha presidency is a foregone conclusion. Some analysts say the outcome of a face-off between the police and anti-Abacha political groups will be a test of the opposition's resolve. Purnell Murdock, VOA News. | [
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matres | wsj_0806 | {
"id": "t0",
"text": "10/27/89"
} | HEALTHDYNE Inc., Atlanta, said its subsidiary, Home Nutritional Services Inc., registered with the Securities and Exchange Commission an initial public offering of four million shares of common stock. The in-home health care services provider said it will sell 1.8 million of the new shares, while Home Nutritional Services will sell the remaining 2.2 million. The company estimates the offering price at between $14 and $16 a share. The company said it expects to use the proceeds to repay certain bank debt and for general corporate purposes, including establishing new operating centers and possible acquisitions. Home Nutritional currently has 10 million shares outstanding. It will have 14.2 million shares outstanding after the offering, with Healthdyne owning about 65% of the total. | HEALTHDYNE Inc., Atlanta, <ei112>said</ei112> its subsidiary, Home Nutritional Services Inc., <ei113>registered</ei113> with the Securities and Exchange Commission an initial public offering of four million shares of common stock. The in-home health care services provider <ei115>said</ei115> it will sell 1.8 million of the new shares, while Home Nutritional Services will <ei117>sell</ei117> the remaining 2.2 million. The company <ei118>estimates</ei118> the offering price at between $14 and $16 a share. The company <ei120>said</ei120> it expects to use the proceeds to repay certain bank debt and for general corporate purposes, including establishing new operating centers and possible acquisitions. Home Nutritional currently <ei126>has</ei126> 10 million shares outstanding. It will <ei127>have</ei127> 14.2 million shares outstanding after the offering, with Healthdyne <ei129>owning</ei129> about 65% of the total. | [
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matres | wsj_0709 | {
"id": "t0",
"text": "10/27/89"
} | Service Corp. International said it expects to report net income of $0.15 per share for the third quarter. The company said it expects to release third-quarter results in mid-November. The funeral home and cemetery operator changed its fiscal year from a fiscal year to a calendar year in December. In the comparable year-ago quarter (the second quarter ended October 31), Service Corp. had a loss of approximately $12.5 million, or $0.26 per share, on revenue of $175.4 million. Results for that quarter included a $30 million, or $0.40 per share, write-down associated with the consolidation of a facility. | Service Corp. International <ei124>said</ei124> it <ei125>expects</ei125> to report net income of $0.15 per share for the third quarter. The company <ei128>said</ei128> it <ei129>expects</ei129> to release third-quarter results in mid-November. The funeral home and cemetery operator <ei131>changed</ei131> its fiscal year from a fiscal year to a calendar year in December. In the comparable year-ago quarter (the second quarter ended October 31), Service Corp. <ei132>had</ei132> a loss of approximately $12.5 million, or $0.26 per share, on revenue of $175.4 million. Results for that quarter included a $30 million, or $0.40 per share, write-down associated with the consolidation of a facility. | [
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matres | wsj_0938 | {
"id": "t0",
"text": "10/26/89"
} | Cineplex Odeon Corp. directors said the company's chairman and chief executive, Garth Drabinsky, is considering bidding 780.6 million Canadian dollars (US$666 million) to acquire the company. The board said Mr. Drabinsky and Vice Chairman Myron Gottlieb are negotiating financing before offering C$16.40 a share to acquire all of Cineplex's outstanding shares. The directors added that the two executives haven't reached a final decision to proceed with a bid and that until an offer is made, the board will continue seeking higher offers from other bidders. The directors said if Messrs. Drabinsky and Gottlieb mail an offer to shareholders by November 22, it will reimburse them a maximum of C$8.5 million for expenses related to a bid. "We consider that his bid is an acceptable bid," said Sandra Kolber, spokeswoman for the independent directors' committee appointed last May to solicit and review bids for the company in the wake of a dispute between Mr. Drabinsky and Cineplex's major shareholder, MCA Inc. MCA and Cineplex's other major shareholder, Montreal-based financier Charles Bronfman and his associates, have agreed to tender their holdings to an offer by Mr. Drabinsky unless a higher offer is made by another bidder. MCA holds half of Cineplex's equity and 33% of its voting rights through restricted voting shares, while Bronfman interests hold about 24% of the company's equity. Ms. Kolber said the committee had received other bids. She declined to identify other bidders but said Mr. Drabinsky's offer "is all cash, and it's for all of the company." Several Cineplex analysts have speculated that outside bids received by the committee were either disappointingly low or for only part of the company. "All this has really established is that MCA and the Bronfmans have agreed on a price at which they can be bought out," said Jeffery Logsdon, an analyst with Crowell, Weedon in Los Angeles. "If a bid materializes at that price, shareholders will have every reason to be glad, but the question of financing still remains." Last April, Mr. Drabinsky and a group of financial backers planned to acquire up to 30.2% of Cineplex for C$17.50 a share from Bronfman associates. Mr. Drabinsky, who would have had the right to vote those shares for two years, said the purchase, subsequently rejected by regulators, was aimed at consolidating his control of the company. MCA strongly opposed the Drabinsky group's move. The directors didn't indicate the source of financing for Mr. Drabinsky's new proposal, but said MCA and the Bronfman associates agreed in principle to buy for $57 million and then lease back to Cineplex its 18-screen theater complex in Universal City, Calif., if Mr. Drabinsky succeeds in an offer. "This is being done at the suggestion of Mr. Drabinsky and to accommodate him, to facilitate his financing arrangements," Ms. Kolber said. In addition, the directors said if a bid by Mr. Drabinsky is successful, Cineplex expects Rank Organisation PLC to acquire the 51% of Cineplex's Film House unit it doesn't own, and provide Mr. Drabinsky with additional loan financing. Michael Gifford, Rank's chief executive, said the British theater chain's total involvement "wouldn't exceed $100 million" but declined to give a breakdown between the loan financing and the proposed Film House purchase. Cineplex shareholders responded coolly to yesterday's announcement. In trading on the New York Stock Exchange, Cineplex closed at $11, down 25 cents, with more than a million shares changing hands. On the Toronto Stock Exchange, Cineplex closed at C$12.875, off 37.5 Canadian cents, well below the C$16.40 level. "Where's the bid?" asked Pierre Panet-Raymond, an analyst and broker with Toronto securities dealer McDermid St. Lawrence Ltd. Mr. Panet-Raymond said he doesn't think Messrs. Drabinsky and Gottlieb are "anywhere close" to arranging financing and that investors will need a solid offer before the stock begins to rise again. Mr. Drabinsky couldn't be reached for comment. | Cineplex Odeon Corp. directors <ei761>said</ei761> the company's chairman and chief executive, Garth Drabinsky, is considering bidding 780.6 million Canadian dollars (US$666 million) to acquire the company. The board <ei765>said</ei765> Mr. Drabinsky and Vice Chairman Myron Gottlieb are <ei766>negotiating</ei766> financing before offering C$16.40 a share to acquire all of Cineplex's outstanding shares. The directors <ei770>added</ei770> that the two executives haven't reached a final decision to proceed with a bid and that until an offer is made, the board will continue seeking higher offers from other bidders. The directors <ei779>said</ei779> if Messrs. Drabinsky and Gottlieb mail an offer to shareholders by November 22, it will reimburse them a maximum of C$8.5 million for expenses related to a bid. "We <ei783>consider</ei783> that his bid is an acceptable bid," <ei785>said</ei785> Sandra Kolber, spokeswoman for the independent directors' committee <ei786>appointed</ei786> last May to solicit and review bids for the company in the wake of a dispute between Mr. Drabinsky and Cineplex's major shareholder, MCA Inc. MCA and Cineplex's other major shareholder, Montreal-based financier Charles Bronfman and his associates, have <ei790>agreed</ei790> to tender their holdings to an offer by Mr. Drabinsky unless a higher offer is <ei793>made</ei793> by another bidder. MCA holds half of Cineplex's equity and 33% of its voting rights through restricted voting shares, while Bronfman interests hold about 24% of the company's equity. Ms. Kolber <ei794>said</ei794> the committee had <ei795>received</ei795> other bids. She <ei796>declined</ei796> to identify other bidders but <ei798>said</ei798> Mr. Drabinsky's offer "is all cash, and it's for all of the company." Several Cineplex analysts have <ei800>speculated</ei800> that outside bids received by the committee were either disappointingly low or for only part of the company. "All this has really established is that MCA and the Bronfmans have <ei803>agreed</ei803> on a price at which they can be bought out," <ei805>said</ei805> Jeffery Logsdon, an analyst with Crowell, Weedon in Los Angeles. "If a bid materializes at that price, shareholders will have every reason to be glad, but the question of financing still <ei808>remains</ei808>." Last April, Mr. Drabinsky and a group of financial backers <ei809>planned</ei809> to acquire up to 30.2% of Cineplex for C$17.50 a share from Bronfman associates. Mr. Drabinsky, who would have had the right to vote those shares for two years, <ei814>said</ei814> the purchase, subsequently <ei816>rejected</ei816> by regulators, was aimed at consolidating his control of the company. MCA strongly <ei820>opposed</ei820> the Drabinsky group's move. The directors didn't indicate the source of financing for Mr. Drabinsky's new proposal, but <ei822>said</ei822> MCA and the Bronfman associates <ei823>agreed</ei823> in principle to buy for $57 million and then lease back to Cineplex its 18-screen theater complex in Universal City, Calif., if Mr. Drabinsky succeeds in an offer. "This is being <ei827>done</ei827> at the suggestion of Mr. Drabinsky and to accommodate him, to facilitate his financing arrangements," Ms. Kolber <ei832>said</ei832>. In addition, the directors <ei833>said</ei833> if a bid by Mr. Drabinsky is successful, Cineplex <ei835>expects</ei835> Rank Organisation PLC to acquire the 51% of Cineplex's Film House unit it doesn't own, and provide Mr. Drabinsky with additional loan financing. Michael Gifford, Rank's chief executive, <ei839>said</ei839> the British theater chain's total involvement "wouldn't exceed $100 million" but <ei841>declined</ei841> to give a breakdown between the loan financing and the proposed Film House purchase. Cineplex shareholders <ei843>responded</ei843> coolly to yesterday's announcement. In trading on the New York Stock Exchange, Cineplex <ei846>closed</ei846> at $11, down 25 cents, with more than a million shares changing hands. On the Toronto Stock Exchange, Cineplex <ei848>closed</ei848> at C$12.875, off 37.5 Canadian cents, well below the C$16.40 level. "Where's the bid?" asked Pierre Panet-Raymond, an analyst and broker with Toronto securities dealer McDermid St. Lawrence Ltd. Mr. Panet-Raymond <ei850>said</ei850> he doesn't <ei851>think</ei851> Messrs. Drabinsky and Gottlieb are "anywhere close" to arranging financing and that investors will need a solid offer before the stock begins to rise again. Mr. Drabinsky couldn't be reached for comment. | [
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matres | wsj_0340 | {
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} | told stock market regulators that it bought 43,000 shares of Cie. de Navigation Mixte, apparently to help fend off an unwelcome takeover bid for the company. Earlier yesterday, the Société de Bourses Françaises was told that a unit of Framatome S.A. also bought Navigation Mixte shares, this purchase covering more than 160,000 shares. Both companies are allies of Navigation Mixte in its fight against a hostile takeover bid launched last week by Cie. Financière de Paribas at 1,850 French francs ($297) a share. Navigation Mixte's chairman had suggested that friendly institutions were likely to buy its stock as soon as trading opened Monday. The Credit Lyonnais purchase, for 33,000 regular common shares and 10,000 newly created shares, is valued at about slightly more than 80 million French francs. | <ei99>told</ei99> stock market regulators that it <ei100>bought</ei100> 43,000 shares of Cie. de Navigation Mixte, apparently to help fend off an unwelcome takeover bid for the company. Earlier yesterday, the Société de Bourses Françaises was <ei103>told</ei103> that a unit of Framatome S.A. also <ei104>bought</ei104> Navigation Mixte shares, this purchase covering more than 160,000 shares. Both companies are allies of Navigation Mixte in its fight against a hostile takeover bid <ei107>launched</ei107> last week by Cie. Financière de Paribas at 1,850 French francs ($297) a share. Navigation Mixte's chairman had suggested that friendly institutions were likely to buy its stock as soon as trading opened Monday. The Credit Lyonnais purchase, for 33,000 regular common shares and 10,000 newly created shares, is valued at about slightly more than 80 million French francs. | [
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matres | wsj_0158 | {
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} | Reuters Holdings PLC said Michael Reupke resigned as general manager to pursue unspecified interests, a move the news organization termed an "amicable separation." Mr. Reupke, 52 years old and a 27-year Reuters veteran, had been the information-services company's general manager for only six months. His appointment to that post, which has senior administrative, staff and policy responsibilities, followed a several-year tenure as Reuters's editor in chief. No successor was named, and Mr. Reupke's duties will be split among three other senior Reuters executives, the company said. In a telephone interview, Mr. Reupke said his departure was for "personal reasons," which he declined to specify. "There is no business reason for my departure," nor any disagreement over policy, he added. He also rejected reports that his departure stemmed from disappointment the general manager's post hadn't also led to a board directorship at the London-based news organization. Mr. Reupke was one of three executives on Reuters's eight-person executive committee who didn't also serve on the company's board of directors. "If I were choosing the people of tomorrow, I would have chosen the people who are now on the board," he said. A Reuters spokesman said the departure reflects "no change in strategy or profits." Mark Shepperd, an analyst at UBS Phillips & Drew in London, said, "I suspect (the departure) will be fairly irrelevant for the company. I would be very surprised if his departure signals any change in strategy or change in profit expectations." On London's Stock Exchange, Reuters shares rose five pence to 913 pence ($14.43). In the U.S. over-the-counter market, American depositary shares for Reuters, each representing three shares in the London market, closed unchanged at $43.875. The senior of the three executives who will assume Mr. Reupke's duties is Nigel Judah, 58, finance director and a Reuters board director. Peter Holland, 45, deputy general manager, becomes director of corporate affairs. And Patrick Mannix, 46, international technical manager, becomes director of group quality programs. | Reuters Holdings PLC <ei489>said</ei489> Michael Reupke <ei490>resigned</ei490> as general manager to pursue unspecified interests, a move the news organization termed an "amicable separation." Mr. Reupke, 52 years old and a 27-year Reuters veteran, had been the information-services company's general manager for only six months. His appointment to that post, which has senior administrative, staff and policy responsibilities, <ei497>followed</ei497> a several-year tenure as Reuters's editor in chief. No successor was named, and Mr. Reupke's duties will be <ei503>split</ei503> among three other senior Reuters executives, the company <ei504>said</ei504>. In a telephone interview, Mr. Reupke <ei505>said</ei505> his departure was for "personal reasons," which he declined to specify. "There is no business reason for my departure," nor any disagreement over policy, he <ei508>added</ei508>. He also <ei509>rejected</ei509> reports that his departure <ei512>stemmed</ei512> from disappointment the general manager's post hadn't also led to a board directorship at the London-based news organization. Mr. Reupke was one of three executives on Reuters's eight-person executive committee who didn't also serve on the company's board of directors. "If I were choosing the people of tomorrow, I would have chosen the people who are now on the board," he <ei522>said</ei522>. A Reuters spokesman <ei523>said</ei523> the departure reflects "no change in strategy or profits." Mark Shepperd, an analyst at UBS Phillips & Drew in London, <ei529>said</ei529>, "I <ei530>suspect</ei530> (the departure) will be fairly irrelevant for the company. I would be very surprised if his departure signals any change in strategy or change in profit expectations." On London's Stock Exchange, Reuters shares <ei541>rose</ei541> five pence to 913 pence ($14.43). In the U.S. over-the-counter market, American depositary shares for Reuters, each representing three shares in the London market, <ei542>closed</ei542> unchanged at $43.875. The senior of the three executives who will <ei544>assume</ei544> Mr. Reupke's duties is Nigel Judah, 58, finance director and a Reuters board director. Peter Holland, 45, deputy general manager, <ei546>becomes</ei546> director of corporate affairs. And Patrick Mannix, 46, international technical manager, <ei548>becomes</ei548> director of group quality programs. | [
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matres | wsj_1039 | {
"id": "t0",
"text": "10/26/89"
} | Amdahl Corp., a maker of mainframe computers, reported a sharp decline in net income for its third quarter, citing price-cutting by competitors and adverse effects from a strong U.S. dollar. Net income fell 37% to $32.9 million, or 30 cents a share, from $52.2 million, or 48 cents a share, in the year-ago period. Revenue rose 15% to $534.3 million from $464.7 million. Amdahl's results were somewhat worse than expected. Jay Stevens, an analyst with Dean Witter Reynolds, said he expected the Sunnyvale, Calif., company to earn 35 cents a share for the quarter and said the firm's weaker profit was partly the result of increased competition from International Business Machines Corp., Amdahl's principal competitor for mainframe sales. | Amdahl Corp., a maker of mainframe computers, <ei121>reported</ei121> a sharp decline in net income for its third quarter, <ei124>citing</ei124> price-cutting by competitors and adverse effects from a strong U.S. dollar. Net income <ei126>fell</ei126> 37% to $32.9 million, or 30 cents a share, from $52.2 million, or 48 cents a share, in the year-ago period. Revenue <ei129>rose</ei129> 15% to $534.3 million from $464.7 million. Amdahl's results were somewhat worse than expected. Jay Stevens, an analyst with Dean Witter Reynolds, said he <ei135>expected</ei135> the Sunnyvale, Calif., company to earn 35 cents a share for the quarter and <ei137>said</ei137> the firm's weaker profit was partly the result of increased competition from International Business Machines Corp., Amdahl's principal competitor for mainframe sales. | [
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matres | AP900815-0044 | {
"id": "t0",
"text": "08-15-90 1337EDT"
} | Iraq's Saddam Hussein, facing U.S. and Arab troops at the Saudi border, today sought peace on another front by promising to withdraw from Iranian territory and release soldiers captured during the Iran-Iraq war. Also today, King Hussein of Jordan arrived in Washington seeking to mediate the Persian Gulf crisis. President Bush on Tuesday said the United States may extend its naval quarantine to Jordan's Red Sea port of Aqaba to shut off Iraq's last unhindered trade route. In another mediation effort, the Soviet Union said today it had sent an envoy to the Middle East on a series of stops to include Baghdad. Soviet officials also said Soviet women, children and invalids would be allowed to leave Iraq. President Bush today denounced Saddam's "ruinous policies of war," and said the United States is "striking a blow for the principle that might does not make right." In a speech delivered at the Pentagon, Bush seemed to suggest that American forces could be in the gulf region for some time. "No one should doubt our staying power or determination," he said. The U.S. military buildup in Saudi Arabia continued at a fever pitch, with Syrian troops now part of a multinational force camped out in the desert to guard the Saudi kingdom from any new thrust by Iraq. In a letter to President Hashemi Rafsanjani of Iran, read by a broadcaster over Baghdad radio, Saddam said he will begin withdrawing troops from Iranian territory on Friday and release Iranian prisoners of war. Iran said an Iraqi diplomatic delegation was en route to Tehran to deliver Saddam's message, which it said it would review "with optimism." Saddam appeared to accept a border demarcation treaty he had rejected in peace talks following the August 1988 cease-fire of the eight-year war with Iran. The move seemed aimed at heading off more trouble with Iran, which had condemned Iraq's invasion of Kuwait on August 2 but also criticized the multinational force dispatched to Saudi Arabia. Saddam said he sought to "turn the gulf into a lake of peace free of foreign fleets and forces that harbor ill intentions against us." In other developments: The Pentagon said that Defense Secretary Dick Cheney is considering urging Bush to order a national call-up of armed forces reserves for active duty because of the drain on units sending soldiers abroad. Bush can call up to 200,000 reservists for up to 180 days without seeking congressional approval. Soviet Foreign Ministry spokesman Yuri Gremitskikh said special ambassador Mikhail Sytenko left Tuesday for consultations with the governments of Syria, Jordan, Egypt and other Arab countries. Sytenko, a former deputy secretary-general of the United Nations, is also expected to visit Baghdad, Gremitskikh said at a regular news briefing today. The outlook darkened for about 3,000 Americans caught in Iraq and Kuwait when Saddam sent his forces into the small, oil-rich sultanate. The Iraqi ambassador to Greece said in Athens the Americans and other stranded foreigners could leave "as soon as the threats from the United States and its allies are eliminated." ABC quoted an Iraqi Foreign Ministry official in Baghdad as saying Americans in Iraq are "restrictees" who will stay there until the crisis ends. The Soviet Foreign Ministry said Soviet women, children and invalids would be permitted to leave Iraq. Spokesman Yuri Gremitskikh said the first group of 230 evacuees was assembling in Baghdad today, but evacuation plans were hampered by desert heat and lack of transportation. Nearly 9,000 Soviets were among the hundreds of thousands of foreigners trapped in Iraq and Kuwait. Iraq has agreed to allow all 880 Soviets in Kuwait to leave, but only by a 1,200-mile road route through Iraq and to the Iraq-Jordan border. The British Foreign Office said today conditions in Kuwait appear to be deteriorating. There have been reports of wholesale looting but food and gasoline were still available, said a spokesman, who by custom was not identified. Banks remained closed. The Iraqi ambassador to Venezuela said on Tuesday that Iraq would retaliate against Venezuela and other OPEC oil cartel members if they boost oil production to fill the gap created by blocked supplies from Iraq and Kuwait. With Kuwait now "annexed," Iraq has control of 20 percent of the world's oil reserves. A steep rise in world oil prices followed the Kuwait invasion. The U.N. Security Council on August 6 ordered a global embargo on trade with Iraq as punishment for seizing Kuwait. Bush then sent U.S. troops and planes to Saudi Arabia, saying Iraqi troops massed nearby in Kuwait threatened Saudi Arabia and its vast oil reserves. Twelve Arab League nations voted for an Arab force to protect Saudi Arabia, with the vanguard of Syria's contingent arriving Tuesday, according to diplomatic sources in Riyadh, the Saudi capital. Egyptian and Moroccan troops are already there. The predominantly Muslim nation of Bangladesh said today its troops would join multinational forces in Saudi Arabia. The size of the contingent was not disclosed. Turkey and Saudi Arabia in effect shut down Iraq's major oil outlets through those countries, but according to Jordanian officials, a smaller line into Jordan remained operating. Truckloads of goods rolled into Iraq from Jordan on Tuesday and Iraqi-bound cargo was unloaded from ships at the Red Sea port of Aqaba despite the U.N.-ordered sanctions. King Hussein was reportedly carrying a message to Bush from Iraq's Saddam, with whom the king met Monday. The monarch will meet Bush on Thursday in Kennebunkport, Maine. Crown Prince Hassan, King Hussein's brother and political adviser, was asked today about the message the king was said to be carrying. In an interview from Jordan on ABC, he declined to discuss details, but said: "I don't think that his majesty would be traveling at this crucial moment if the Iraqi leadership did not have a rational approach to the future." A CBS News report citing unidentified Jordanian sources said that Saddam's message called for an international conference to be convened to discuss an Iraqi withdrawal from Kuwait. In exchange, the buildup of U.S. forces in the region would halt. Bush, however, says he sees no short-term hope for a diplomatic solution to the gulf crisis — at least until economic sanctions force Saddam to withdraw his army. Bush held out the prospect of more aid to Jordan if it cooperates with the trade embargo. On Tuesday, the United States and Soviet Union conferred in Washington on putting an anti-Iraq naval blockade under a United Nations umbrella. The United States has provided most of the naval vessels so far to block Iraqi trade, with Britain, West Germany and Australia among the other nations lending support at sea. The embargo is meant to cripple Iraq by cutting off its exports of oil and imports of food and military supplies. Iraq imports about three-quarters of its foodstuffs. U.S. allies and other U.N. members have objected that the Security Council embargo resolution did not specifically authorize such a naval operation. Bush told a news conference on Tuesday that the naval barricade now in force might be extended to Jordan's Aqaba "if it is a hole through which commerce flows" in and out of Iraq. In Saudi Arabia, today is the eighth day of "Desert Shield," the operation designed to confront an estimated 200,000 Iraqi soldiers now in Kuwait. Iraq boasts an army of 1 million members. At least 50,000 U.S. troops are expected to be committed to Desert Shield within weeks, including Marines, Army air assault forces, paratroopers and infantry. Iraq said it invaded Kuwait because of disputes over oil and money. It accused Kuwait of deliberately slashing Iraqi oil revenues by overproducing oil and driving down prices, among other charges. Iraq has 17 million residents, and Kuwait about 1.9 million. | Iraq's Saddam Hussein, <ei1519>facing</ei1519> U.S. and Arab troops at the Saudi border, today <ei1520>sought</ei1520> peace on another front by promising to withdraw from Iranian territory and release soldiers <ei1525>captured</ei1525> during the Iran-Iraq war. Also today, King Hussein of Jordan <ei1527>arrived</ei1527> in Washington <ei1528>seeking</ei1528> to mediate the Persian Gulf crisis. President Bush on Tuesday <ei1531>said</ei1531> the United States may extend its naval quarantine to Jordan's Red Sea port of Aqaba to <ei1534>shut</ei1534> off Iraq's last unhindered trade route. In another mediation effort, the Soviet Union <ei1535>said</ei1535> today it had <ei1536>sent</ei1536> an envoy to the Middle East on a series of stops to include Baghdad. Soviet officials also <ei1538>said</ei1538> Soviet women, children and invalids would be <ei1539>allowed</ei1539> to leave Iraq. President Bush today <ei1541>denounced</ei1541> Saddam's "ruinous policies of war," and <ei1542>said</ei1542> the United States is "<ei1543>striking</ei1543> a blow for the principle that might does not make right." In a speech <ei1545>delivered</ei1545> at the Pentagon, Bush <ei1546>seemed</ei1546> to suggest that American forces could be in the gulf region for some time. "No one should doubt our staying power or determination," he <ei1551>said</ei1551>. The U.S. military buildup in Saudi Arabia <ei1553>continued</ei1553> at a fever pitch, with Syrian troops now part of a multinational force <ei1555>camped</ei1555> out in the desert to <ei1556>guard</ei1556> the Saudi kingdom from any new thrust by Iraq. In a letter to President Hashemi Rafsanjani of Iran, <ei1558>read</ei1558> by a broadcaster over Baghdad radio, Saddam <ei1559>said</ei1559> he will begin withdrawing troops from Iranian territory on Friday and <ei1562>release</ei1562> Iranian prisoners of war. Iran <ei1563>said</ei1563> an Iraqi diplomatic delegation was en route to Tehran to <ei1565>deliver</ei1565> Saddam's message, which it <ei1566>said</ei1566> it would review "with optimism." Saddam <ei1568>appeared</ei1568> to <ei1569>accept</ei1569> a border demarcation treaty he had <ei1571>rejected</ei1571> in peace talks following the August 1988 cease-fire of the eight-year war with Iran. The move seemed <ei1577>aimed</ei1577> at <ei1578>heading</ei1578> off more trouble with Iran, which had <ei1580>condemned</ei1580> Iraq's invasion of Kuwait on August 2 but also <ei1582>criticized</ei1582> the multinational force <ei1583>dispatched</ei1583> to Saudi Arabia. Saddam <ei1584>said</ei1584> he <ei1585>sought</ei1585> to "turn the gulf into a lake of peace free of foreign fleets and forces that harbor ill intentions against us." In other developments: The Pentagon <ei1590>said</ei1590> that Defense Secretary Dick Cheney is <ei1591>considering</ei1591> <ei1592>urging</ei1592> Bush to order a national call-up of armed forces reserves for active duty because of the drain on units <ei1597>sending</ei1597> soldiers abroad. Bush can call up to 200,000 reservists for up to 180 days without seeking congressional approval. Soviet Foreign Ministry spokesman Yuri Gremitskikh <ei1601>said</ei1601> special ambassador Mikhail Sytenko <ei1602>left</ei1602> Tuesday for consultations with the governments of Syria, Jordan, Egypt and other Arab countries. Sytenko, a former deputy secretary-general of the United Nations, is also expected to visit Baghdad, Gremitskikh <ei1606>said</ei1606> at a regular news briefing today. The outlook <ei1608>darkened</ei1608> for about 3,000 Americans <ei1609>caught</ei1609> in Iraq and Kuwait when Saddam <ei1610>sent</ei1610> his forces into the small, oil-rich sultanate. The Iraqi ambassador to Greece <ei1611>said</ei1611> in Athens the Americans and other stranded foreigners could leave "as soon as the threats from the United States and its allies are <ei1615>eliminated</ei1615>." ABC <ei1616>quoted</ei1616> an Iraqi Foreign Ministry official in Baghdad as <ei1617>saying</ei1617> Americans in Iraq are "restrictees" who will <ei1618>stay</ei1618> there until the crisis ends. The Soviet Foreign Ministry <ei1621>said</ei1621> Soviet women, children and invalids would be permitted to <ei1623>leave</ei1623> Iraq. Spokesman Yuri Gremitskikh <ei1624>said</ei1624> the first group of 230 evacuees was <ei1625>assembling</ei1625> in Baghdad today, but evacuation plans were <ei1628>hampered</ei1628> by desert heat and lack of transportation. Nearly 9,000 Soviets were among the hundreds of thousands of foreigners <ei1629>trapped</ei1629> in Iraq and Kuwait. Iraq has <ei1630>agreed</ei1630> to <ei1631>allow</ei1631> all 880 Soviets in Kuwait to <ei1632>leave</ei1632>, but only by a 1,200-mile road route through Iraq and to the Iraq-Jordan border. The British Foreign Office <ei1633>said</ei1633> today conditions in Kuwait <ei1634>appear</ei1634> to be deteriorating. There have been reports of wholesale looting but food and gasoline were still available, <ei1638>said</ei1638> a spokesman, who by custom was not identified. Banks <ei1640>remained</ei1640> <ei1641>closed</ei1641>. The Iraqi ambassador to Venezuela <ei1642>said</ei1642> on Tuesday that Iraq would retaliate against Venezuela and other OPEC oil cartel members if they boost oil production to fill the gap <ei1646>created</ei1646> by blocked supplies from Iraq and Kuwait. With Kuwait now "annexed," Iraq has control of 20 percent of the world's oil reserves. A steep rise in world oil prices followed the Kuwait invasion. The U.N. Security Council on August 6 <ei1652>ordered</ei1652> a global embargo on trade with Iraq as punishment for <ei1655>seizing</ei1655> Kuwait. Bush then <ei1656>sent</ei1656> U.S. troops and planes to Saudi Arabia, <ei1657>saying</ei1657> Iraqi troops <ei1658>massed</ei1658> nearby in Kuwait <ei1659>threatened</ei1659> Saudi Arabia and its vast oil reserves. Twelve Arab League nations <ei1660>voted</ei1660> for an Arab force to <ei1661>protect</ei1661> Saudi Arabia, with the vanguard of Syria's contingent arriving Tuesday, <ei1663>according</ei1663> to diplomatic sources in Riyadh, the Saudi capital. Egyptian and Moroccan troops are already there. The predominantly Muslim nation of Bangladesh <ei1665>said</ei1665> today its troops would <ei1666>join</ei1666> multinational forces in Saudi Arabia. The size of the contingent was not disclosed. Turkey and Saudi Arabia in effect <ei1668>shut</ei1668> down Iraq's major oil outlets through those countries, but according to Jordanian officials, a smaller line into Jordan <ei1670>remained</ei1670> <ei1671>operating</ei1671>. Truckloads of goods <ei1672>rolled</ei1672> into Iraq from Jordan on Tuesday and Iraqi-bound cargo was unloaded from ships at the Red Sea port of Aqaba despite the U.N.-ordered sanctions. King Hussein was reportedly <ei1675>carrying</ei1675> a message to Bush from Iraq's Saddam, with whom the king <ei1676>met</ei1676> Monday. The monarch will <ei1677>meet</ei1677> Bush on Thursday in Kennebunkport, Maine. Crown Prince Hassan, King Hussein's brother and political adviser, was <ei1678>asked</ei1678> today about the message the king was <ei1679>said</ei1679> to be <ei1680>carrying</ei1680>. In an interview from Jordan on ABC, he <ei1682>declined</ei1682> to discuss details, but <ei1684>said</ei1684>: "I don't <ei1685>think</ei1685> that his majesty would be traveling at this crucial moment if the Iraqi leadership did not have a rational approach to the future." A CBS News report <ei1689>citing</ei1689> unidentified Jordanian sources <ei1690>said</ei1690> that Saddam's message <ei1691>called</ei1691> for an international conference to be convened to discuss an Iraqi withdrawal from Kuwait. In exchange, the buildup of U.S. forces in the region would halt. Bush, however, <ei1699>says</ei1699> he sees no short-term hope for a diplomatic solution to the gulf crisis — at least until economic sanctions force Saddam to withdraw his army. Bush <ei1705>held</ei1705> out the prospect of more aid to Jordan if it cooperates with the trade embargo. On Tuesday, the United States and Soviet Union <ei1709>conferred</ei1709> in Washington on <ei1710>putting</ei1710> an anti-Iraq naval blockade under a United Nations umbrella. The United States has <ei1712>provided</ei1712> most of the naval vessels so far to block Iraqi trade, with Britain, West Germany and Australia among the other nations lending support at sea. The embargo is <ei1715>meant</ei1715> to cripple Iraq by cutting off its exports of oil and imports of food and military supplies. Iraq imports about three-quarters of its foodstuffs. U.S. allies and other U.N. members have <ei1719>objected</ei1719> that the Security Council embargo resolution did not specifically authorize such a naval operation. Bush <ei1723>told</ei1723> a news conference on Tuesday that the naval barricade now in force might be extended to Jordan's Aqaba "if it is a hole through which commerce flows" in and out of Iraq. In Saudi Arabia, today is the eighth day of "Desert Shield," the operation designed to confront an estimated 200,000 Iraqi soldiers now in Kuwait. Iraq <ei1732>boasts</ei1732> an army of 1 million members. At least 50,000 U.S. troops are <ei1733>expected</ei1733> to be committed to Desert Shield within weeks, including Marines, Army air assault forces, paratroopers and infantry. Iraq <ei1736>said</ei1736> it <ei1737>invaded</ei1737> Kuwait because of disputes over oil and money. It <ei1739>accused</ei1739> Kuwait of deliberately <ei1740>slashing</ei1740> Iraqi oil revenues by overproducing oil and <ei1742>driving</ei1742> down prices, among other charges. Iraq <ei1743>has</ei1743> 17 million residents, and Kuwait about 1.9 million. | [
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matres | wsj_0927 | {
"id": "t0",
"text": "10/26/89"
} | H. Marshall Schwarz was named chairman and chief executive officer of U.S. Trust Corp., a private-banking firm with assets under management of about $17 billion. Mr. Schwarz, 52 years old, will succeed Daniel P. Davison on February 1, soon after Mr. Davison reaches the company's mandatory retirement age of 65. Mr. Schwarz, who is president of U.S. Trust, will be succeeded in that post by Jeffrey S. Maurer, 42, who is executive vice president in charge of the company's asset-management group. U.S. Trust, a 136-year-old institution that is one of the earliest high-net-worth banks in the U.S., has faced intensifying competition from other firms that have established, and heavily promoted, private-banking businesses of their own. As a result, U.S. Trust's earnings have been hurt. But Mr. Schwarz welcomes the competition in U.S. Trust's flagship businesses, calling it "flattery." Mr. Schwarz says the competition "broadens the base of opportunity for us." Other firms "are dealing with the masses. I don't believe they have the culture" to adequately service high-net-worth individuals, he adds. U.S. Trust recently introduced certain mutual-fund products, which allow it to serve customers with minimum deposits of $250,000. Previously, the company advertised at the $2 million level. "We have always taken smaller accounts, but now we are looking for smaller accounts that will grow," Mr. Schwarz says. "Our bread and butter is still the $2 million to $20 million account," he says. The new services allow U.S. Trust to cater to the "new wealth," Mr. Schwarz says. Quarterly net income this year has risen just over comparable periods in 1988, when year-end net was below the 1987 level. In this year's third quarter, for example, net was $10.5 million, or $1.05 a share, compared with $10.3 million, or $1.02 a share, a year earlier. Assets as of September 30 fell to $2.46 billion from about $2.77 billion. "We will have a reasonably flat year this year," Mr. Schwarz says. Mr. Schwarz also said costs associated with U.S. Trust's planned move to midtown Manhattan from Wall Street will continue to be a drag on earnings through 1990. Mr. Schwarz's great-grandfather founded the New York toy store F.A.O. Schwarz, but his family no longer has ties to the company. Mr. Schwarz's father was a U.S. Trust trustee until 1974. U.S. Trust also created a four-member office of the chairman, effective February 1. It will include Messrs. Schwarz and Maurer. Donald M. Roberts, 54, treasurer, and Frederick S. Wonham, 58, who takes responsibility for the funds-service group, were named vice chairmen and will serve in the office of the chairman. Mr. Roberts continues as treasurer, and Mr. Wonham remains responsible for the offices of comptroller, planning, marketing and general services. Frederick B. Taylor, 48, also was named a vice chairman and chief investment officer, a new post. He previously held similar responsibilities. Mr. Taylor also was named a director, increasing the board to 22, but is not part of the new office of the chairman. James E. Bacon, 58, executive vice president, who has directed the funds-service group, will retire. | H. Marshall Schwarz was named chairman and chief executive officer of U.S. Trust Corp., a private-banking firm with assets under management of about $17 billion. Mr. Schwarz, 52 years old, will succeed Daniel P. Davison on February 1, soon after Mr. Davison reaches the company's mandatory retirement age of 65. Mr. Schwarz, who is president of U.S. Trust, will be <ei2412>succeeded</ei2412> in that post by Jeffrey S. Maurer, 42, who is executive vice president in charge of the company's asset-management group. U.S. Trust, a 136-year-old institution that is one of the earliest high-net-worth banks in the U.S., has <ei2413>faced</ei2413> intensifying competition from other firms that have <ei2415>established</ei2415>, and heavily <ei2416>promoted</ei2416>, private-banking businesses of their own. As a result, U.S. Trust's earnings have been <ei2417>hurt</ei2417>. But Mr. Schwarz <ei2418>welcomes</ei2418> the competition in U.S. Trust's flagship businesses, <ei2420>calling</ei2420> it "flattery." Mr. Schwarz <ei2421>says</ei2421> the competition "<ei2423>broadens</ei2423> the base of opportunity for us." Other firms "are <ei2424>dealing</ei2424> with the masses. I don't believe they have the culture" to adequately service high-net-worth individuals, he <ei2428>adds</ei2428>. U.S. Trust recently <ei2429>introduced</ei2429> certain mutual-fund products, which allow it to serve customers with minimum deposits of $250,000. Previously, the company <ei2430>advertised</ei2430> at the $2 million level. "We have always <ei2431>taken</ei2431> smaller accounts, but now we are <ei2432>looking</ei2432> for smaller accounts that will grow," Mr. Schwarz <ei2433>says</ei2433>. "Our bread and butter is still the $2 million to $20 million account," he <ei2434>says</ei2434>. The new services <ei2435>allow</ei2435> U.S. Trust to cater to the "new wealth," Mr. Schwarz <ei2437>says</ei2437>. Quarterly net income this year has <ei2438>risen</ei2438> just over comparable periods in 1988, when year-end net was below the 1987 level. In this year's third quarter, for example, net was $10.5 million, or $1.05 a share, compared with $10.3 million, or $1.02 a share, a year earlier. Assets as of September 30 <ei2444>fell</ei2444> to $2.46 billion from about $2.77 billion. "We will have a reasonably flat year this year," Mr. Schwarz <ei2448>says</ei2448>. Mr. Schwarz also <ei2449>said</ei2449> costs associated with U.S. Trust's planned move to midtown Manhattan from Wall Street will continue to be a drag on earnings through 1990. Mr. Schwarz's great-grandfather <ei2452>founded</ei2452> the New York toy store F.A.O. Schwarz, but his family no longer has ties to the company. Mr. Schwarz's father was a U.S. Trust trustee until 1974. U.S. Trust also created a four-member office of the chairman, effective February 1. It will include Messrs. Schwarz and Maurer. Donald M. Roberts, 54, treasurer, and Frederick S. Wonham, 58, who takes responsibility for the funds-service group, were <ei2457>named</ei2457> vice chairmen and will <ei2459>serve</ei2459> in the office of the chairman. Mr. Roberts <ei2460>continues</ei2460> as treasurer, and Mr. Wonham <ei2462>remains</ei2462> responsible for the offices of comptroller, planning, marketing and general services. Frederick B. Taylor, 48, also was <ei2464>named</ei2464> a vice chairman and chief investment officer, a new post. He previously <ei2466>held</ei2466> similar responsibilities. Mr. Taylor also was <ei2467>named</ei2467> a director, <ei2469>increasing</ei2469> the board to 22, but is not part of the new office of the chairman. James E. Bacon, 58, executive vice president, who has <ei2471>directed</ei2471> the funds-service group, will retire. | [
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matres | wsj_0332 | {
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} | Orkem S.A., a French state-controlled chemical manufacturer, is making a friendly bid of 470 pence ($7.43) a share for the 59.2% of U.K. specialty chemical group Coates Brothers PLC which it doesn't already own, the two sides said. The offer, which values the whole of Coates at £301 million, has already been accepted by Coates executives and other shareholders owning 12.4% of the company. The acceptances give Orkem a controlling 53.2% stake in the company. Orkem and Coates said last Wednesday that the two were considering a merger, through Orkem's British subsidiary, Orkem Coatings U.K. Ltd. Orkem, France's third-largest chemical group, said it would fund the acquisition through internal resources. The takeover would be followed by a restructuring of Orkem's U.K. unit, including the addition of related Orkem businesses and possibly further acquisitions. Orkem said it would eventually seek to make a public share offering in its U.K. business. | Orkem S.A., a French state-controlled chemical manufacturer, is <ei154>making</ei154> a friendly bid of 470 pence ($7.43) a share for the 59.2% of U.K. specialty chemical group Coates Brothers PLC which it doesn't already own, the two sides <ei157>said</ei157>. The offer, which values the whole of Coates at £301 million, has already been <ei159>accepted</ei159> by Coates executives and other shareholders owning 12.4% of the company. The acceptances <ei161>give</ei161> Orkem a controlling 53.2% stake in the company. Orkem and Coates <ei163>said</ei163> last Wednesday that the two were <ei164>considering</ei164> a merger, through Orkem's British subsidiary, Orkem Coatings U.K. Ltd. Orkem, France's third-largest chemical group, <ei166>said</ei166> it would fund the acquisition through internal resources. The takeover would be followed by a restructuring of Orkem's U.K. unit, including the addition of related Orkem businesses and possibly further acquisitions. Orkem said it would eventually seek to make a public share offering in its U.K. business. | [
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matres | NYT19980206.0466 | {
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"text": "02/06/1998 22:29:00"
} | raised in this article, to the extent that there is any implication or suggestion that Mrs. Currie was aware of any legal or ethical impropriety by anyone, that implication or suggestion is entirely inaccurate.'' White House on Thursday ``For the past few weeks we've been subjected to false leaks designed to mislead both reporters and the American public. We're not going to dignify the latest false leak with a response.'' McCurry on Friday ``I want to be absolutely clear, to the extent there is any implication or the slightest suggestion that Mrs. Currie believes that the President or anyone else tried to influence her recollection, that is absolutely false and a mischaracterization of the facts. I am shocked and dismayed by the numerous leaks regarding Mrs. Currie's grand jury testimony.'' Clinton on Friday. ``Once again, I never asked anybody to do anything but tell the truth. I know about the stories today. I was pleased that Ms. Currie's lawyers stated unambiguously this morning _ unambiguously _ that she's not aware of any unethical conduct. | <ei516>raised</ei516> in this article, to the extent that there is any implication or suggestion that Mrs. Currie was aware of any legal or ethical impropriety by anyone, that implication or suggestion is entirely inaccurate.'' White House on Thursday ``For the past few weeks we've been <ei525>subjected</ei525> to false leaks <ei527>designed</ei527> to mislead both reporters and the American public. We're not going to dignify the latest false leak with a response.'' McCurry on Friday ``I want to be absolutely clear, to the extent there is any implication or the slightest suggestion that Mrs. Currie believes that the President or anyone else tried to influence her recollection, that is absolutely false and a mischaracterization of the facts. I am shocked and dismayed by the numerous leaks regarding Mrs. Currie's grand jury testimony.'' Clinton on Friday. ``Once again, I never asked anybody to do anything but tell the truth. I <ei550>know</ei550> about the stories today. I was <ei552>pleased</ei552> that Ms. Currie's lawyers <ei553>stated</ei553> unambiguously this morning _ unambiguously _ that she's not aware of any unethical conduct. | [
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matres | wsj_0542 | {
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} | Dow Jones & Co. extended its tender offer of $18 a share, or about $576 million, for the 33% of Telerate Inc. that it doesn't already own until 5 p.m. EST, November 6. The offer, which Telerate's two independent directors have rejected as inadequate, previously had been scheduled to expire at midnight Friday. Dow Jones said it extended the offer to allow shareholders time to review a supplement to the Dow Jones tender offer circular that it mailed last Friday. The supplement contains various information that has been filed with the Securities and Exchange Commission since Dow Jones launched the offer on September 26, but it doesn't change the terms and conditions of the offer except to extend its expiration date. In Delaware Chancery Court litigation, Telerate has criticized Dow Jones for not disclosing that Telerate's management expects the company's revenue to increase by 20% annually, while Dow Jones based its projections of Telerate's performance on a 12% revenue growth forecast. In the tender offer supplement, Dow Jones discloses the different growth forecasts but says it views the 20% growth rate "as a hoped-for goal" of Telerate's management "and not as a realistic basis on which to project the company's likely future performance." Telerate shares fell 50 cents on Friday to close at $20 each in New York Stock Exchange composite trading. Dow Jones shares also fell 50 cents to close at $36.125 in Big Board composite trading. Dow Jones has said it believes the $18-a-share price is fair to Telerate's minority shareholders. Late last week, representatives of Dow Jones and Telerate began negotiations about the terms of the offer, but those talks didn't result in any changes in the offer. Telerate provides information about financial markets through an electronic network. Dow Jones, which owns 67% of Telerate, publishes *The Wall Street Journal*, *Barron's* magazine, community newspapers and operates financial news services and computer databases. | Dow Jones & Co. extended its tender offer of $18 a share, or about $576 million, for the 33% of Telerate Inc. that it doesn't already own until 5 p.m. EST, November 6. The offer, which Telerate's two independent directors have <ei361>rejected</ei361> as inadequate, previously had been <ei362>scheduled</ei362> to expire at midnight Friday. Dow Jones <ei364>said</ei364> it <ei365>extended</ei365> the offer to allow shareholders time to review a supplement to the Dow Jones tender offer circular that it <ei369>mailed</ei369> last Friday. The supplement contains various information that has been <ei370>filed</ei370> with the Securities and Exchange Commission since Dow Jones <ei371>launched</ei371> the offer on September 26, but it doesn't change the terms and conditions of the offer except to extend its expiration date. In Delaware Chancery Court litigation, Telerate has <ei376>criticized</ei376> Dow Jones for not disclosing that Telerate's management <ei378>expects</ei378> the company's revenue to increase by 20% annually, while Dow Jones <ei380>based</ei380> its projections of Telerate's performance on a 12% revenue growth forecast. In the tender offer supplement, Dow Jones <ei381>discloses</ei381> the different growth forecasts but <ei383>says</ei383> it <ei384>views</ei384> the 20% growth rate "as a hoped-for goal" of Telerate's management "and not as a realistic basis on which to project the company's likely future performance." Telerate shares <ei386>fell</ei386> 50 cents on Friday to <ei387>close</ei387> at $20 each in New York Stock Exchange composite trading. Dow Jones shares also <ei389>fell</ei389> 50 cents to <ei390>close</ei390> at $36.125 in Big Board composite trading. Dow Jones has <ei392>said</ei392> it believes the $18-a-share price is fair to Telerate's minority shareholders. Late last week, representatives of Dow Jones and Telerate <ei395>began</ei395> negotiations about the terms of the offer, but those talks didn't result in any changes in the offer. Telerate provides information about financial markets through an electronic network. Dow Jones, which owns 67% of Telerate, publishes *The Wall Street Journal*, *Barron's* magazine, community newspapers and operates financial news services and computer databases. | [
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matres | wsj_0136 | {
"id": "t0",
"text": "11/02/89"
} | Oshkosh Truck Corp., Oshkosh, Wis., estimated that earnings for its fourth quarter ended Sept. 30 fell 50% to 75% below the year-earlier $4.5 million, or 51 cents a share. The truck maker said this significant drop in net income would result in lower earnings for the fiscal year. In fiscal 1988, the company earned $17.3 million, or $1.92 a share, on revenue of $352.9 million. Oshkosh Truck attributed the downturn in its earnings to higher start-up costs for its new chassis division, a softer motor-home market, and higher administrative costs associated with compliance with government contractor regulations. The company said it is in the process of phasing out John Deere as its current source of production for midsized motor home chassis. In anticipation of the start-up of its new factory, the company said a larger-than-normal chassis supply had been built to carry it through the transition period. | Oshkosh Truck Corp., Oshkosh, Wis., <ei2078>estimated</ei2078> that earnings for its fourth quarter ended Sept. 30 <ei2079>fell</ei2079> 50% to 75% below the year-earlier $4.5 million, or 51 cents a share. The truck maker <ei2080>said</ei2080> this significant drop in net income would result in lower earnings for the fiscal year. In fiscal 1988, the company <ei2083>earned</ei2083> $17.3 million, or $1.92 a share, on revenue of $352.9 million. Oshkosh Truck <ei2084>attributed</ei2084> the downturn in its earnings to higher start-up costs for its new chassis division, a softer motor-home market, and higher administrative costs associated with compliance with government contractor regulations. The company <ei2087>said</ei2087> it is in the process of <ei2088>phasing</ei2088> out John Deere as its current source of production for midsized motor home chassis. In anticipation of the start-up of its new factory, the company <ei2090>said</ei2090> a larger-than-normal chassis supply had been <ei2091>built</ei2091> to carry it through the transition period. | [
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matres | wsj_0695 | {
"id": "t0",
"text": "10/27/89"
} | A group of investors led by Giant Group Ltd. and its chairman, Burt Sugarman, said it filed with federal antitrust regulators for clearance to buy more than 50% of the stock of Rally's Inc., a fast-food company based in Louisville, Ky. Rally's operates and franchises about 160 fast-food restaurants throughout the U.S. The company went public earlier this month, offering 1,745,000 shares of common stock at $15 a share. Giant has interests in cement making and newsprint. The investor group includes Restaurant Investment Partnership, a California general partnership, and three Rally's directors: Mr. Sugarman, James M. Trotter III and William E. Trotter II. The group currently holds 3,027,330 Rally's shares, or 45.2% of its common shares outstanding. Giant Group owned 22% of Rally's shares before the initial public offering. A second group of three company directors, aligned with Rally's founder James Patterson, also is seeking control of the fast-food chain. It is estimated that the Patterson group controls more than 40% of Rally's stock. Rally officials weren't available to comment late yesterday. For the year ended July 2, Rally had net income of $2.4 million, or 34 cents a share, on revenue of $52.9 million. | A group of investors led by Giant Group Ltd. and its chairman, Burt Sugarman, <ei150>said</ei150> it <ei151>filed</ei151> with federal antitrust regulators for clearance to buy more than 50% of the stock of Rally's Inc., a fast-food company based in Louisville, Ky. Rally's operates and franchises about 160 fast-food restaurants throughout the U.S. The company <ei154>went</ei154> public earlier this month, <ei155>offering</ei155> 1,745,000 shares of common stock at $15 a share. Giant has interests in cement making and newsprint. The investor group includes Restaurant Investment Partnership, a California general partnership, and three Rally's directors: Mr. Sugarman, James M. Trotter III and William E. Trotter II. The group currently holds 3,027,330 Rally's shares, or 45.2% of its common shares outstanding. Giant Group <ei156>owned</ei156> 22% of Rally's shares before the initial public offering. A second group of three company directors, aligned with Rally's founder James Patterson, also is <ei158>seeking</ei158> control of the fast-food chain. It is estimated that the Patterson group <ei160>controls</ei160> more than 40% of Rally's stock. Rally officials weren't available to comment late yesterday. For the year ended July 2, Rally had net income of $2.4 million, or 34 cents a share, on revenue of $52.9 million. | [
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matres | VOA19980501.1800.0355 | {
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matres | wsj_0551 | {
"id": "t0",
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} | Trustcorp Inc. will become Society Bank & Trust when its merger is completed with Society Corp. of Cleveland, the bank said. Society Corp., which is also a bank, agreed in June to buy Trustcorp for 12.4 million shares of stock with a market value of about $450 million. The transaction is expected to close around the end of the year. | Trustcorp Inc. will become Society Bank & Trust when its merger is <ei84>completed</ei84> with Society Corp. of Cleveland, the bank <ei85>said</ei85>. Society Corp., which is also a bank, <ei86>agreed</ei86> in June to buy Trustcorp for 12.4 million shares of stock with a market value of about $450 million. The transaction is <ei89>expected</ei89> to close around the end of the year. | [
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matres | ABC19980114.1830.0611 | {
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} | Released air traffic control tapes from the night TWA Flight 800 went down. There's nothing new on why the plane exploded, but you cannot miss the moment. ABC's Lisa Stark has more. There was no hint of trouble in the last conversation between controllers and TWA pilot Steven Snyder. TWA 800, climb and maintain 15,000 feet. TWA 800 heavy, climb and maintain 15,000 feet, leaving 3,000 feet. But a minute and a half later, a pilot from a nearby flight called. "Ah, we just saw an explosion up ahead of us, here about 16,000 feet or something like that. It just went down." The controller at Boston Center tries to raise TWA 800. "TWA 800, if you hear Center, identify." There is no response. Later, the controller asks the Eastwind pilot for more details. "Ah yes, sir. It- It just blew up in the air, and then we saw two fireballs go down to the water, and there was a big plume of smoke coming up from that." At one point, when it became clear controllers could not contact the plane, someone said, "TWA 800 Center, I think that was him. I think so. God bless him." Lisa Stark, ABC News, Washington. | <ei252>Released</ei252> air traffic control tapes from the night TWA Flight 800 went <ei253>down</ei253>. There's nothing new on why the plane <ei254>exploded</ei254>, but you cannot miss the moment. ABC's Lisa Stark has more. There was no hint of trouble in the last conversation between controllers and TWA pilot Steven Snyder. TWA 800, climb and maintain 15,000 feet. TWA 800 heavy, climb and maintain 15,000 feet, leaving 3,000 feet. But a minute and a half later, a pilot from a nearby flight <ei259>called</ei259>. "Ah, we just <ei260>saw</ei260> an explosion up ahead of us, here about 16,000 feet or something like that. It just <ei262>went</ei262> down." The controller at Boston Center tries to raise TWA 800. "TWA 800, if you hear Center, identify." There is no response. Later, the controller asks the Eastwind pilot for more details. "Ah yes, sir. It- It just <ei269>blew</ei269> up in the air, and then we <ei270>saw</ei270> two fireballs <ei271>go</ei271> down to the water, and there was a big plume of smoke <ei272>coming</ei272> up from that." At one point, when it <ei273>became</ei273> clear controllers could not contact the plane, someone <ei276>said</ei276>, "TWA 800 Center, I think that was him. I think so. God bless him." Lisa Stark, ABC News, Washington. | [
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matres | wsj_0650 | {
"id": "t0",
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} | announced the effectiveness of its registration statement for $125 million of 6 3/8% convertible subordinated debentures due October 15, 1999. The company said the debentures are being issued at an issue price of $949 for each $1,000 principal amount and are convertible at any time prior to maturity at a conversion price of $25 a share. The debentures are available through Goldman, Sachs & Co. | <ei57>announced</ei57> the effectiveness of its registration statement for $125 million of 6 3/8% convertible subordinated debentures due October 15, 1999. The company <ei60>said</ei60> the debentures are being <ei61>issued</ei61> at an issue price of $949 for each $1,000 principal amount and are convertible at any time prior to maturity at a conversion price of $25 a share. The debentures are available through Goldman, Sachs & Co. | [
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matres | PRI19980121.2000.2591 | {
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matres | wsj_0660 | {
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} | Montedison S.p.A. definitively agreed to buy all of the publicly held shares of Erbamont N.V. for $37 each. Montedison now owns about 72% of Erbamont's shares outstanding. The companies said the accord was unanimously approved by a special committee of Erbamont directors unaffiliated with Montedison. Under the pact, Montedison will make a $37-a-share tender offer for Erbamont stock outstanding. The tender offer will be followed by the sale of all of Erbamont's assets, subject to all of its liabilities, to Montedison. Erbamont will then be liquidated, with any remaining Erbamont holders receiving a distribution of $37 a share. The companies said the transaction is being structured this way because the laws of the Netherlands Antilles, under which Erbamont is organized, don't provide for merger transactions. | Montedison S.p.A. definitively <ei137>agreed</ei137> to buy all of the publicly held shares of Erbamont N.V. for $37 each. Montedison now <ei139>owns</ei139> about 72% of Erbamont's shares outstanding. The companies <ei140>said</ei140> the accord was unanimously <ei142>approved</ei142> by a special committee of Erbamont directors unaffiliated with Montedison. Under the pact, Montedison will make a $37-a-share tender offer for Erbamont stock outstanding. The tender offer will be followed by the sale of all of Erbamont's assets, subject to all of its liabilities, to Montedison. Erbamont will then be liquidated, with any remaining Erbamont holders receiving a distribution of $37 a share. The companies <ei150>said</ei150> the transaction is being <ei151>structured</ei151> this way because the laws of the Netherlands Antilles, under which Erbamont is organized, don't provide for merger transactions. | [
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matres | APW19980501.0480 | {
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} | Malaysia's aggressive move into the information age could not come at a more opportune time. With the convergence of communications and information technologies (IT) coupled with the arrival of the Internet and its related technologies, the stage is set for Malaysians to seize the chance to transform into a knowledge society and become worthy competitors in the global market. The Internet, the global network of computers, is now far reaching into the country, extending its reach to include every corner of the nation, opening doors to not only a diverse range of information sources but also a vast array of possibilities to create new applications that add value to people's lives. In the business world, the Internet—through intranet and extranet solutions—has become an invaluable tool for companies to harness to gain a competitive edge. These solutions are also vital components in developing the borderless marketing flagship application, a vital element for spearheading the development of the Multimedia Super Corridor (MSC) project. This application will create the necessary framework and infrastructure to support electronic commerce (e-commerce) initiatives in the country. However, it is important to note that simply installing or implementing Internet technologies will not ensure instant success. For e-commerce to flourish with full-blown end-to-end business transactions, strategic planning that incorporates complementary business and technology plans is necessary for an organization to see feasible returns on investment. Intranets, through the use of Internet technology, are positioned as a platform for companies to optimize, expand, and transform business channels. 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Whether this will prove beneficial to society in the future remains to be seen. All in all, the Internet has much to offer. However, its value and benefits depend entirely on how we use it. | Malaysia's aggressive move into the information age could not <ei244>come</ei244> at a more opportune time. With the convergence of communications and information technologies (IT) coupled with the <ei246>arrival</ei246> of the Internet and its related technologies, the stage is <ei247>set</ei247> for Malaysians to <ei248>seize</ei248> the chance to transform into a knowledge society and become worthy competitors in the global market. 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matres | wsj_0667 | {
"id": "t0",
"text": "10/30/89"
} | Shoney's Inc. said it will report a write-off of $2.5 million, or seven cents a share, for its fourth quarter ended yesterday. The restaurant operator cited transaction costs from its 1988 recapitalization as a result of a $160 million restructuring of its bank debt. The write-off will be reported as an extraordinary item in the company's 1989 operating results. In addition, the effective interest rate on the $410 million of total remaining bank debt after the restructuring is 10.66%. The combined effect of these changes is expected to save the company about $4 million in interest expenses next year, or six cents a share. Shoney's said the latest restructuring affected bank indebtedness that was incurred to finance $585 million of the company's $728 million recapitalization that took place in 1988. The company has made payments of $175 million against the original $585 million of bank debt incurred in connection with the recapitalization. These payments consisted of $54 million in scheduled payments and $121 million in prepayments, funded by $82.8 million from operating cash flow, zero-coupon subordinated debt and asset sales. | Shoney's Inc. <ei1991>said</ei1991> it will <ei1992>report</ei1992> a write-off of $2.5 million, or seven cents a share, for its fourth quarter ended yesterday. The restaurant operator <ei1994>cited</ei1994> transaction costs from its 1988 recapitalization as a result of a $160 million restructuring of its bank debt. The write-off will be <ei1999>reported</ei1999> as an extraordinary item in the company's 1989 operating results. In addition, the effective interest rate on the $410 million of total remaining bank debt after the restructuring is 10.66%. The combined effect of these changes is <ei2006>expected</ei2006> to save the company about $4 million in interest expenses next year, or six cents a share. Shoney's <ei2008>said</ei2008> the latest restructuring affected bank indebtedness that was <ei2011>incurred</ei2011> to finance $585 million of the company's $728 million recapitalization that <ei2014>took</ei2014> place in 1988. The company has <ei2015>made</ei2015> payments of $175 million against the original $585 million of bank debt <ei2017>incurred</ei2017> in connection with the recapitalization. These payments consisted of $54 million in scheduled payments and $121 million in prepayments, funded by $82.8 million from operating cash flow, zero-coupon subordinated debt and asset sales. | [
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matres | wsj_0073 | {
"id": "t0",
"text": "11/02/89"
} | Integra-A Hotel and Restaurant Co. said its planned rights offering to raise about $9 million was declared effective and the company will begin mailing materials to shareholders at the end of this week. Under the offer, shareholders will receive one right for each 105 common shares owned. Each right entitles the shareholder to buy $100 face amount of 13.5% bonds due 1993 and warrants to buy 23.5 common shares at 30 cents a share. The rights, which expire November 21, can be exercised for $100 each. Integra, which owns and operates hotels, said that Hallwood Group Inc. has agreed to exercise any rights that aren't exercised by other shareholders. Hallwood, a Cleveland merchant bank, owns about 11% of Integra. | Integra-A Hotel and Restaurant Co. <ei2150>said</ei2150> its planned rights offering to raise about $9 million was <ei2154>declared</ei2154> effective and the company will <ei2156>begin</ei2156> <ei2157>mailing</ei2157> materials to shareholders at the end of this week. Under the offer, shareholders will <ei2159>receive</ei2159> one right for each 105 common shares <ei2160>owned</ei2160>. Each right <ei2162>entitles</ei2162> the shareholder to <ei2163>buy</ei2163> $100 face amount of 13.5% bonds due 1993 and warrants to <ei2165>buy</ei2165> 23.5 common shares at 30 cents a share. The rights, which <ei2167>expire</ei2167> November 21, can be exercised for $100 each. Integra, which owns and operates hotels, <ei2168>said</ei2168> that Hallwood Group Inc. has <ei2169>agreed</ei2169> to exercise any rights that aren't exercised by other shareholders. Hallwood, a Cleveland merchant bank, owns about 11% of Integra. | [
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matres | VOA19980303.1600.2745 | {
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} | While the expansion of the Internet has been a blessing for researchers, students, and the simply curious, the new opportunities mentioned by Mr. Gates are also being used by some rather unsavory characters. A new report says there has been a dramatic rise in the growth of hate groups in the United States over the past year. Many of them are using the Internet to spread their messages of racial superiority. VOA's Jim Teple has details from our southeast news bureau. The Southern Poverty Law Center, a civil rights monitoring group based in Montgomery, Alabama, has long monitored such groups as the Ku Klux Klan. More recently, it has followed the growth of the militia movement and church groups that preach a message of white supremacy and anti-semitism. The new study, written by Mark Potach, who edits the Southern Poverty Law Center's Intelligence Report, warns that such groups grew rapidly last year, mostly by recruiting younger members. Mr. Potach says the growth is surprising since membership in hate groups usually declines during periods of economic prosperity. We have in fact seen hate group numbers dropping throughout the 1990s, but this year they jumped up twenty percent—quite a dramatic rise. Mark Potach says over four hundred hate groups have been identified, and many are becoming increasingly successful at recruiting younger members through the use of Internet web pages and the promotion of racist rock music. The Internet has certainly helped hate mongers to organize and to feel that they are part of a larger community, even if they are essentially angry people sitting in their bedrooms alone. In addition, white power racist music has become quite popular in certain sectors. Over fifty thousand CDs are sold annually with lyrics that are quite unbelievable. Many of these new members are joining chapters of the so-called Christian Identity Movement, which cites Biblical scripture as a foundation for a belief in white supremacy and anti-semitism. Mark Potach says such members are also intensely attracted to apocalyptic fantasies. The approach of the year 2000 has many of these groups in a kind of millennial frenzy. They believe, or at least many of them believe, that they are approaching the Battle of Armageddon, in which they will be pitted against the Satanic forces trying to take over the world. Mr. Potach notes older, more traditional groups like the Ku Klux Klan are also opening new chapters, thanks in part to their ability to use new technologies like the Internet. The Federal Bureau of Investigation says it received more than eight thousand reports of hate group crimes last year. Law enforcement authorities say such reports are likely to increase as police departments are now beginning to more accurately report hate crimes than they have in the past. Jim Teple, VOA News, Miami. | While the expansion of the Internet has been a blessing for researchers, students, and the simply curious, the new opportunities <ei50003>mentioned</ei50003> by Mr. Gates are also being <ei50004>used</ei50004> by some rather unsavory characters. A new report <ei50005>says</ei50005> there has been a dramatic rise in the growth of hate groups in the United States over the past year. Many of them are <ei50008>using</ei50008> the Internet to <ei50009>spread</ei50009> their messages of racial superiority. VOA's Jim Teple has details from our southeast news bureau. The Southern Poverty Law Center, a civil rights monitoring group based in Montgomery, Alabama, has long <ei50010>monitored</ei50010> such groups as the Ku Klux Klan. More recently, it has <ei50011>followed</ei50011> the growth of the militia movement and church groups that preach a message of white supremacy and anti-semitism. The new study, written by Mark Potach, who edits the Southern Poverty Law Center's Intelligence Report, <ei50013>warns</ei50013> that such groups <ei50014>grew</ei50014> rapidly last year, mostly by <ei50015>recruiting</ei50015> younger members. Mr. Potach <ei50016>says</ei50016> the growth is surprising since membership in hate groups usually declines during periods of economic prosperity. We have in fact <ei50019>seen</ei50019> hate group numbers <ei50020>dropping</ei50020> throughout the 1990s, but this year they <ei50021>jumped</ei50021> up twenty percent—quite a dramatic rise. Mark Potach <ei50023>says</ei50023> over four hundred hate groups have been <ei50024>identified</ei50024>, and many are <ei50025>becoming</ei50025> increasingly successful at recruiting younger members through the use of Internet web pages and the promotion of racist rock music. The Internet has certainly <ei50030>helped</ei50030> hate mongers to organize and to feel that they are part of a larger community, even if they are essentially angry people sitting in their bedrooms alone. In addition, white power racist music has <ei50033>become</ei50033> quite popular in certain sectors. Over fifty thousand CDs are <ei50035>sold</ei50035> annually with lyrics that are quite unbelievable. Many of these new members are <ei50036>joining</ei50036> chapters of the so-called Christian Identity Movement, which cites Biblical scripture as a foundation for a belief in white supremacy and anti-semitism. Mark Potach <ei50037>says</ei50037> such members are also intensely <ei50038>attracted</ei50038> to apocalyptic fantasies. The approach of the year 2000 has many of these groups in a kind of millennial frenzy. They <ei50041>believe</ei50041>, or at least many of them <ei50042>believe</ei50042>, that they are approaching the Battle of Armageddon, in which they will be pitted against the Satanic forces trying to take over the world. Mr. Potach <ei50047>notes</ei50047> older, more traditional groups like the Ku Klux Klan are also <ei50048>opening</ei50048> new chapters, thanks in part to their ability to use new technologies like the Internet. The Federal Bureau of Investigation <ei50051>says</ei50051> it <ei50052>received</ei50052> more than eight thousand reports of hate group crimes last year. 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} | said it raised $92 million from an offering of liquid yield option notes. The gross proceeds from the sale of the notes, which will be due on November 1, 2004, will be used to reduce existing debt and for general corporate purposes, the company said. The debt reduction is expected to save the Fort Lauderdale, Florida home video concern about $2 million a year in interest expense. The zero-coupon subordinated notes have no periodic interest payments. Each note is being offered at $308.32 per $1,000 principal amount at maturity, representing an 8% yield to maturity. In addition, each note can be converted into Blockbuster Entertainment common stock at a rate of 13.851 shares per note. Merrill Lynch Capital Markets Inc. is the sole underwriter for the offering. The notes will have a principal amount of $300 million at maturity. Blockbuster shares closed yesterday at $18.75, down $1.125, in New York Stock Exchange trading. | <ei150>said</ei150> it <ei151>raised</ei151> $92 million from an offering of liquid yield option notes. The gross proceeds from the sale of the notes, which will be due on November 1, 2004, will be used to reduce existing debt and for general corporate purposes, the company <ei157>said</ei157>. The debt reduction is expected to save the Fort Lauderdale, Florida home video concern about $2 million a year in interest expense. The zero-coupon subordinated notes have no periodic interest payments. Each note is being offered at $308.32 per $1,000 principal amount at maturity, representing an 8% yield to maturity. In addition, each note can be converted into Blockbuster Entertainment common stock at a rate of 13.851 shares per note. Merrill Lynch Capital Markets Inc. is the sole underwriter for the offering. The notes will <ei165>have</ei165> a principal amount of $300 million at maturity. Blockbuster shares <ei166>closed</ei166> yesterday at $18.75, down $1.125, in New York Stock Exchange trading. | [
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matres | wsj_0798 | {
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} | Hudson's Bay Co. announced the terms of a previously proposed rights issue expected to raise about C$396 million (US$337 million) net of expenses. Proceeds will be used to redeem C$264 million of preferred shares and to reduce short-term debt, the company said. Canada's largest department store operator said the rights offering will entitle holders of its ordinary shares, except residents in the U.S. and the U.K., to subscribe for two additional shares for every five shares held at a price of C$31.25 a share. The record date is November 9. The company has about 31 million ordinary shares outstanding. On the Toronto Stock Exchange, Hudson's Bay shares closed at C$35, up C$0.125. Hudson's Bay said that Woodbridge Co., which currently holds about 77% of the ordinary shares, will subscribe for all shares to which it is entitled and for any shares not otherwise taken up. Woodbridge is a holding company owned by Toronto's Thomson family. Hudson's Bay said it will redeem 9.5 million Series H preferred shares on October 31 at a price of C$27.75 each. The move was approved at a special shareholders' meeting yesterday. Gary Lukassen, chief financial officer, said redemption of the preferred shares, originally issued at C$25 each, will eliminate annual dividend payments of C$17.9 million. | Hudson's Bay Co. <ei213>announced</ei213> the terms of a previously proposed rights issue expected to raise about C$396 million (US$337 million) net of expenses. Proceeds will be used to redeem C$264 million of preferred shares and to reduce short-term debt, the company <ei219>said</ei219>. Canada's largest department store operator <ei220>said</ei220> the rights offering will entitle holders of its ordinary shares, except residents in the U.S. and the U.K., to <ei223>subscribe</ei223> for two additional shares for every five shares held at a price of C$31.25 a share. The record date is November 9. The company <ei225>has</ei225> about 31 million ordinary shares outstanding. On the Toronto Stock Exchange, Hudson's Bay shares <ei226>closed</ei226> at C$35, up C$0.125. Hudson's Bay <ei228>said</ei228> that Woodbridge Co., which currently <ei229>holds</ei229> about 77% of the ordinary shares, will subscribe for all shares to which it is entitled and for any shares not otherwise taken up. Woodbridge is a holding company owned by Toronto's Thomson family. Hudson's Bay <ei231>said</ei231> it will <ei232>redeem</ei232> 9.5 million Series H preferred shares on October 31 at a price of C$27.75 each. The move was <ei234>approved</ei234> at a special shareholders' meeting yesterday. Gary Lukassen, chief financial officer, <ei236>said</ei236> redemption of the preferred shares, originally <ei238>issued</ei238> at C$25 each, will eliminate annual dividend payments of C$17.9 million. | [
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matres | APW19980322.0749 | {
"id": "t0",
"text": "03/22/1998 14:57:00"
} | BELFAST, Northern Ireland (AP)_ Police seized a car bomb under construction Sunday in a town bordering Northern Ireland on the eve of the return to peace talks by the IRA-allied Sinn Fein party. Chief Superintendent Al McHugh said the bomb discovered in the Irish Republic was destined for an unknown target in Northern Ireland and ``would have caused massive destruction.'' The discovery appeared to be the latest attempt by extremists opposed to the IRA's 8-month-old truce to undermine the peace process, set to resume Monday in Belfast. Extremists have bombed two predominantly pro-British Protestant towns and fired mortar shells at a police station since Sinn Fein was expelled from peace talks on Feb. 20 in punishment for two killings blamed on the Irish Republican Army. Police found more than 1,300 pounds (600 kgs) of fertilizer-based explosives Sunday in a shed in Dundalk, 50 miles (80 kms) south of Belfast. They arrested two men in connection with the bomb factory, which also contained circuitry, detonating cord and the Mitsubishi truck that would have carried the bomb. The British and Irish governments, which cosponsor the multi-party talks that are supposed to conclude by May, invited Sinn Fein to rejoin two weeks ago. But Sinn Fein leader Gerry Adams kept his party out pending meetings with British Prime Minister Tony Blair 10 days ago and President Clinton last week. ``We were unjustly pushed out of the talks in February but we are back,'' Adams said Sunday. He said the north's substantial Catholic minority demanded a settlement that would promote Northern Ireland's eventual unification with the Irish Republic. ``Nationalists in the north are not a minority in someone else's country. We are Irish citizens, living in our own country,'' Adams said, adding: ``Nationalists want to move towards Irish unity and see this process as a bridge in that direction.'' But the north's pro-British Protestant majority is bitterly opposed to uniting Ireland and instead wants a strong government for Northern Ireland, which has been ruled directly by London since 1972. Northern Ireland's biggest Protestant party, the Ulster Unionists, is threatening to push for Sinn Fein's expulsion once again. They say IRA commanders are responsible for the recent bomb attacks. Also Sunday, more than 2,000 Catholic protesters rallied in Portadown against the annual parades by the Orange Order, Northern Ireland's dominant Protestant fraternal group. Confrontations among Catholic protesters, Protestant marchers and the police have provoked widespread violence in Northern Ireland for the past three summers. The crucible is Portadown, 30 miles (50 kms) southwest of Belfast, where Orangemen march each July from their rural church back downtown _ through the town's main Catholic area. Protesters from several Catholic communities crowded into Portadown's Catholic Garvaghy Road to hear speakers demand negotiations with Orange Order leaders, and pledge to participate in each others' road-blocking protests this summer. ``Small nationalist communities are not going to be left on their own this summer,'' said Gerard Rice, a former IRA prisoner who leads anti-Orange protests in a Catholic neighborhood of south Belfast. Riot police in armored cars, shields and helmets prevented a few hundred Protestants, many waving British and Ulster flags, from interfering with the Catholics as they marched within Portadown's few Catholic streets. Earlier Sunday, police and militant Protestants clashed in a religiously polarized part of north Belfast. Police said an unmarked police car was hit with gasoline bombs from the Protestant side. Riot police responded with a volley of plastic bullets that scattered a 50-strong mob. An elderly Catholic man was hospitalized from cuts after a Protestant gasoline bomb landed in his back yard. Police arrested six Protestants on suspicion of rioting. | BELFAST, Northern Ireland (AP)_ Police seized a car bomb under construction Sunday in a town bordering Northern Ireland on the eve of the return to peace talks by the IRA-allied Sinn Fein party. Chief Superintendent Al McHugh said the bomb discovered in the Irish Republic was destined for an unknown target in Northern Ireland and ``would have caused massive destruction.'' The discovery appeared to be the latest attempt by extremists opposed to the IRA's 8-month-old truce to undermine the peace process, set to resume Monday in Belfast. Extremists have bombed two predominantly pro-British Protestant towns and fired mortar shells at a police station since Sinn Fein was expelled from peace talks on Feb. 20 in punishment for two killings blamed on the Irish Republican Army. Police found more than 1,300 pounds (600 kgs) of fertilizer-based explosives Sunday in a shed in Dundalk, 50 miles (80 kms) south of Belfast. They arrested two men in connection with the bomb factory, which also contained circuitry, detonating cord and the Mitsubishi truck that would have carried the bomb. The British and Irish governments, which cosponsor the multi-party talks that are supposed to conclude by May, invited Sinn Fein to rejoin two weeks ago. But Sinn Fein leader Gerry Adams kept his party out pending meetings with British Prime Minister Tony Blair 10 days ago and President Clinton last week. ``We were unjustly pushed out of the talks in February but we are back,'' Adams said Sunday. He said the north's substantial Catholic minority demanded a settlement that would promote Northern Ireland's eventual unification with the Irish Republic. ``Nationalists in the north are not a minority in someone else's country. We are Irish citizens, living in our own country,'' Adams said, adding: ``Nationalists want to move towards Irish unity and see this process as a bridge in that direction.'' But the north's pro-British Protestant majority is bitterly opposed to uniting Ireland and instead wants a strong government for Northern Ireland, which has been ruled directly by London since 1972. Northern Ireland's biggest Protestant party, the Ulster Unionists, is threatening to push for Sinn Fein's expulsion once again. They say IRA commanders are responsible for the recent bomb attacks. Also Sunday, more than 2,000 Catholic protesters rallied in Portadown against the annual parades by the Orange Order, Northern Ireland's dominant Protestant fraternal group. Confrontations among Catholic protesters, Protestant marchers and the police have provoked widespread violence in Northern Ireland for the past three summers. The crucible is Portadown, 30 miles (50 kms) southwest of Belfast, where Orangemen march each July from their rural church back downtown _ through the town's main Catholic area. Protesters from several Catholic communities crowded into Portadown's Catholic Garvaghy Road to hear speakers demand negotiations with Orange Order leaders, and pledge to participate in each others' road-blocking protests this summer. ``Small nationalist communities are not going to be left on their own this summer,'' said Gerard Rice, a former IRA prisoner who leads anti-Orange protests in a Catholic neighborhood of south Belfast. Riot police in armored cars, shields and helmets prevented a few hundred Protestants, many waving British and Ulster flags, from interfering with the Catholics as they marched within Portadown's few Catholic streets. Earlier Sunday, police and militant Protestants clashed in a religiously polarized part of north Belfast. Police said an unmarked police car was hit with gasoline bombs from the Protestant side. Riot police responded with a volley of plastic bullets that scattered a 50-strong mob. An elderly Catholic man was hospitalized from cuts after a Protestant gasoline bomb landed in his back yard. Police arrested six Protestants on suspicion of rioting. | [
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matres | wsj_0189 | {
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} | Ralston Purina Co. reported a 47% decline in fourth-quarter earnings, reflecting restructuring costs as well as a more difficult pet food market. The St. Louis company earned $45.2 million, or 65 cents a share, compared with $84.9 million, or $1.24 a share, a year earlier. Sales in the latest period were $1.76 billion, a 13% increase from last year's $1.55 billion. For the year ended September 30, Ralston earned $422.5 million, or $6.44 a share, up 8.9% from $387.8 million, or $5.63 a share. This year's results included a gain of $70.2 million on the disposal of seafood operations. Sales for the full year were $6.6 billion, up 13% from $5.8 billion. Ralston said its restructuring costs included the phase-out of a battery facility in Greenville, N.C., the recent closing of a Hostess cake bakery in Cincinnati and a reduction in staff throughout the company. The battery plant, which made rechargeable nickel cadmium and carbon zinc products, will be closed over the next year or so, a spokesman said. Ralston attributed its fourth-quarter slump partly to higher costs of ingredients in the pet food business as well as competitive pressures, which required higher advertising spending. For the year, pet food volume was flat, the company said. Its cereal division realized higher operating profit on volume increases, but also spent more on promotion. The Continental Baking business benefited from higher margins on bread and on increased cake sales, it added. Ralston said its Eveready battery unit was hurt by continuing economic problems in South America. Ralston shares closed yesterday at $80.50, down $1, in New York Stock Exchange composite trading. | Ralston Purina Co. <ei2211>reported</ei2211> a 47% decline in fourth-quarter earnings, <ei2214>reflecting</ei2214> restructuring costs as well as a more difficult pet food market. The St. Louis company <ei2216>earned</ei2216> $45.2 million, or 65 cents a share, compared with $84.9 million, or $1.24 a share, a year earlier. Sales in the latest period were $1.76 billion, a 13% increase from last year's $1.55 billion. For the year <ei2219>ended</ei2219> September 30, Ralston <ei2220>earned</ei2220> $422.5 million, or $6.44 a share, up 8.9% from $387.8 million, or $5.63 a share. This year's results included a gain of $70.2 million on the disposal of seafood operations. Sales for the full year were $6.6 billion, up 13% from $5.8 billion. Ralston <ei2225>said</ei2225> its restructuring costs <ei2227>included</ei2227> the phase-out of a battery facility in Greenville, N.C., the recent closing of a Hostess cake bakery in Cincinnati and a reduction in staff throughout the company. The battery plant, which <ei2231>made</ei2231> rechargeable nickel cadmium and carbon zinc products, will be <ei2232>closed</ei2232> over the next year or so, a spokesman <ei2233>said</ei2233>. Ralston <ei2234>attributed</ei2234> its fourth-quarter slump partly to higher costs of ingredients in the pet food business as well as competitive pressures, which <ei2238>required</ei2238> higher advertising spending. For the year, pet food volume was flat, the company <ei2241>said</ei2241>. Its cereal division <ei2242>realized</ei2242> higher operating profit on volume increases, but also <ei2245>spent</ei2245> more on promotion. The Continental Baking business <ei2247>benefited</ei2247> from higher margins on bread and on increased cake sales, it <ei2250>added</ei2250>. Ralston <ei2251>said</ei2251> its Eveready battery unit was <ei2252>hurt</ei2252> by continuing economic problems in South America. Ralston shares <ei2255>closed</ei2255> yesterday at $80.50, down $1, in New York Stock Exchange composite trading. | [
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matres | wsj_0583 | {
"id": "t0",
"text": "10/30/89"
} | Polly Peck International Inc.'s agreement to acquire 51% of Sansui Electric Co. proves that foreign companies can acquire Japanese companies—if the alternative for the Japanese company is extinction. Polly Peck, a fast-growing British conglomerate, will pay 15.6 billion yen ($110 million) for 39 million new shares of Sansui, a well-known maker of high-fidelity audio equipment that failed to adjust to changing market conditions. Japanese government officials, eager to rebut foreign criticism of Japanese investments overseas, hailed the transaction as proof foreigners can make similar investments in Japan. Polly Peck's chairman, Asil Nadir, echoed the official Japanese view of the accord, which was announced Friday. "The myths that Japan is not open to concerns from outside has, I think, been demolished at a stroke," Mr. Nadir said. But analysts say Sansui is a special case. It expects to post a loss of 6.4 billion yen for the year ending tomorrow and its liabilities currently exceed its assets by about 13.8 billion yen. "If you find sound, healthy companies in Japan, they are not for sale," said George Watanabe, a management consultant at Tokyo-based Asia Advisory Services Inc. Statistics on acquisitions by foreigners vary in detail, because unlike Sansui, which is listed on the Tokyo and Osaka stock exchanges, most of the Japanese companies acquired by foreigners are privately held. But by all accounts foreign companies have bought only a relative handful of Japanese companies this year, while Japanese companies have acquired hundreds of foreign companies. Nor do analysts expect the Sansui deal to touch off a fresh wave of foreign purchases. If the strong yen and the high stock prices of Japanese companies weren't deterrents enough, webs of cross-shareholdings between friendly Japanese companies and fiercely independent Japanese corporate attitudes repel most would-be acquirers. Usually when a Japanese company is ready to sell, it has few alternatives remaining, and the grim demeanors of Sansui's directors at a joint news conference here left little doubt that this was not the company's finest hour. Sansui was once one of Japan's premier makers of expensive, high-quality stereo gear for audiophiles. But in recent years, the market has moved toward less expensive "mini-component" sets, miniaturized amplifiers and receivers and software players that could be stacked on top of each other. Some of Sansui's fellow audio-specialty companies, such as Aiwa Co. and Pioneer Electric Corp., responded to the challenge by quickly bringing out mini-component products of their own, by moving heavily into the booming compact disk businesses or by diversifying into other consumer-electronics fields, including laser disks or portable cassette players. Sansui was late into the mini-component business and failed to branch into other new businesses. As the yen soared in recent years, Sansui's deepening financial problems became a vicious circle. While competitors moved production offshore in response to the sagging competitiveness of Japanese factories, Sansui lacked the money to build new plants in Southeast Asia. "Our company has not been able to cope very effectively with" changes in the marketplace, said Ryosuke Ito, Sansui's president. But even a Japanese company that looks like a dog may turn out to be a good investment for a foreign concern, some management consultants maintain. Yoshihisa Murasawa, a management consultant for Booz-Allen & Hamilton (Japan) Inc., said his firm will likely be recommending acquisitions of Japanese companies more often to foreign clients in the future. "Attitudes {toward being acquired} are still negative, but they're becoming more positive," Mr. Murasawa said. "In some industries, like pharmaceuticals, acquisitions make sense." Whether Polly Peck's acquisition makes sense remains to be seen, but at the news conference, Mr. Nadir brimmed with self-confidence that he can turn Sansui around. Sansui, he said, is a perfect fit for Polly Peck's electronics operations, which make televisions, videocassette recorders, microwaves and other products on an "original equipment maker" basis for sale under other companies' brand names. He said Polly Peck will greatly expand Sansui's product line, using Sansui's engineers to design the new products, and will move Sansui's production of most products other than sophisticated audio gear offshore into Polly Peck's own factories. "Whatever capital it (Sansui) needs so it can compete and become a totally global entity capable of competing with the best in the world, that capital will be injected," Mr. Nadir said. And while Polly Peck isn't jettisoning the existent top-management structure of Sansui, it is bringing in a former Toshiba Corp. executive as executive vice president and chief operating officer. Such risk taking is an everyday matter for the brash Mr. Nadir, who is 25% owner of Polly Peck as well as its chairman. He took Polly Peck, once a small fabric wholesaler, and used it as a base to build a conglomerate that has been doubling its profits annually since 1980. In September, it announced plans to acquire the tropical-fruit business of RJR Nabisco Inc.'s Del Monte foods unit for £557 million ($878 million). Last month, Polly Peck posted a 38% jump in pretax profit for the first half to £54.8 million from £39.8 million on a 63% rise in sales. | Polly Peck International Inc.'s agreement to acquire 51% of Sansui Electric Co. proves that foreign companies can acquire Japanese companies—if the alternative for the Japanese company is extinction. Polly Peck, a fast-growing British conglomerate, will <ei1992>pay</ei1992> 15.6 billion yen ($110 million) for 39 million new shares of Sansui, a well-known maker of high-fidelity audio equipment that failed to adjust to changing market conditions. Japanese government officials, eager to rebut foreign criticism of Japanese investments overseas, <ei1999>hailed</ei1999> the transaction as proof foreigners can make similar investments in Japan. Polly Peck's chairman, Asil Nadir, <ei2001>echoed</ei2001> the official Japanese view of the accord, which was <ei2004>announced</ei2004> Friday. "The myths that Japan is not open to concerns from outside has, I think, been <ei2006>demolished</ei2006> at a stroke," Mr. Nadir <ei2007>said</ei2007>. But analysts <ei2008>say</ei2008> Sansui is a special case. It <ei2010>expects</ei2010> to post a loss of 6.4 billion yen for the year ending tomorrow and its liabilities currently <ei2013>exceed</ei2013> its assets by about 13.8 billion yen. "If you find sound, healthy companies in Japan, they are not for sale," <ei2016>said</ei2016> George Watanabe, a management consultant at Tokyo-based Asia Advisory Services Inc. Statistics on acquisitions by foreigners vary in detail, because unlike Sansui, which is listed on the Tokyo and Osaka stock exchanges, most of the Japanese companies acquired by foreigners are privately held. But by all accounts foreign companies have bought only a relative handful of Japanese companies this year, while Japanese companies have acquired hundreds of foreign companies. Nor do analysts expect the Sansui deal to touch off a fresh wave of foreign purchases. If the strong yen and the high stock prices of Japanese companies weren't deterrents enough, webs of cross-shareholdings between friendly Japanese companies and fiercely independent Japanese corporate attitudes repel most would-be acquirers. Usually when a Japanese company is ready to sell, it has few alternatives remaining, and the grim demeanors of Sansui's directors at a joint news conference here left little doubt that this was not the company's finest hour. Sansui was once one of Japan's premier makers of expensive, high-quality stereo gear for audiophiles. But in recent years, the market has <ei2022>moved</ei2022> toward less expensive "mini-component" sets, miniaturized amplifiers and receivers and software players that could be stacked on top of each other. Some of Sansui's fellow audio-specialty companies, such as Aiwa Co. and Pioneer Electric Corp., <ei2023>responded</ei2023> to the challenge by quickly <ei2025>bringing</ei2025> out mini-component products of their own, by <ei2026>moving</ei2026> heavily into the booming compact disk businesses or by <ei2027>diversifying</ei2027> into other consumer-electronics fields, including laser disks or portable cassette players. Sansui was late into the mini-component business and failed to branch into other new businesses. As the yen <ei2030>soared</ei2030> in recent years, Sansui's deepening financial problems <ei2031>became</ei2031> a vicious circle. 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Whether Polly Peck's acquisition makes sense remains to be seen, but at the news conference, Mr. Nadir <ei2053>brimmed</ei2053> with self-confidence that he can turn Sansui around. Sansui, he said, is a perfect fit for Polly Peck's electronics operations, which make televisions, videocassette recorders, microwaves and other products on an "original equipment maker" basis for sale under other companies' brand names. He said Polly Peck will greatly <ei2056>expand</ei2056> Sansui's product line, using Sansui's engineers to design the new products, and will move Sansui's production of most products other than sophisticated audio gear offshore into Polly Peck's own factories. "Whatever capital it (Sansui) needs so it can compete and become a totally global entity capable of competing with the best in the world, that capital will be injected," Mr. Nadir <ei2063>said</ei2063>. And while Polly Peck isn't jettisoning the existent top-management structure of Sansui, it is <ei2065>bringing</ei2065> in a former Toshiba Corp. executive as executive vice president and chief operating officer. Such risk taking is an everyday matter for the brash Mr. Nadir, who is 25% owner of Polly Peck as well as its chairman. He <ei2066>took</ei2066> Polly Peck, once a small fabric wholesaler, and <ei2067>used</ei2067> it as a base to <ei2068>build</ei2068> a conglomerate that has been <ei2069>doubling</ei2069> its profits annually since 1980. In September, it <ei2070>announced</ei2070> plans to acquire the tropical-fruit business of RJR Nabisco Inc.'s Del Monte foods unit for £557 million ($878 million). Last month, Polly Peck posted a 38% jump in pretax profit for the first half to £54.8 million from £39.8 million on a 63% rise in sales. | [
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matres | wsj_0187 | {
"id": "t0",
"text": "11/02/89"
} | The Finnish government and major creditors of bankrupt shipyard Wärtsilä Marine Industries Oy agreed in principle to form a new company to complete most of the troubled shipyard's backlog of 15 ships. The new company will attempt to limit the shipyard's losses, participants said. "The situation is that the bankruptcy court will get out of the shipbuilding business. Everything will be taken over by the new company," said Christian Andersson, executive vice president of Wärtsilä Oy, former parent of Wärtsilä Marine. Once its ownership is finalized, the new company will open talks with state-appointed receivers to buy or lease Wärtsilä Marine's shipyard facilities. Subcontractors will be offered a settlement and a swift transition to new management is expected to avert an exodus of skilled workers from Wärtsilä Marine's two big shipyards, government officials said. Under an accord signed yesterday, the government and Union Bank of Finland would become major shareholders in the new company, each injecting 100 million Finnish markkaa ($23.5 million). Wärtsilä Oy is to contribute 200 million markkaa, most of it as subordinated debt, and take a minority stake in the new company. Customers holding contracts for Wärtsilä Marine's undelivered ships are expected to subscribe most of the remaining 170 million markkaa in share capital, government officials said. Wärtsilä Marine's biggest creditor is Miami-based Carnival Cruise Lines Inc. Carnival, which has three ships on order from Wärtsilä Marine, presented claims for $1.5 billion in damages in the bankruptcy court this week. Wärtsilä Marine's bankruptcy proceedings began Tuesday in a Helsinki court. | The Finnish government and major creditors of bankrupt shipyard Wärtsilä Marine Industries Oy <ei249>agreed</ei249> in principle to form a new company to complete most of the troubled shipyard's backlog of 15 ships. The new company will attempt to limit the shipyard's losses, participants <ei254>said</ei254>. "The situation is that the bankruptcy court will <ei255>get</ei255> out of the shipbuilding business. Everything will be taken over by the new company," <ei257>said</ei257> Christian Andersson, executive vice president of Wärtsilä Oy, former parent of Wärtsilä Marine. Once its ownership is <ei258>finalized</ei258>, the new company will open talks with state-appointed receivers to buy or lease Wärtsilä Marine's shipyard facilities. Subcontractors will be offered a settlement and a swift transition to new management is <ei266>expected</ei266> to avert an exodus of skilled workers from Wärtsilä Marine's two big shipyards, government officials <ei269>said</ei269>. Under an accord <ei270>signed</ei270> yesterday, the government and Union Bank of Finland would become major shareholders in the new company, each <ei272>injecting</ei272> 100 million Finnish markkaa ($23.5 million). Wärtsilä Oy is to contribute 200 million markkaa, most of it as subordinated debt, and take a minority stake in the new company. Customers <ei275>holding</ei275> contracts for Wärtsilä Marine's undelivered ships are <ei276>expected</ei276> to subscribe most of the remaining 170 million markkaa in share capital, government officials <ei278>said</ei278>. Wärtsilä Marine's biggest creditor is Miami-based Carnival Cruise Lines Inc. Carnival, which <ei279>has</ei279> three ships on order from Wärtsilä Marine, <ei281>presented</ei281> claims for $1.5 billion in damages in the bankruptcy court this week. Wärtsilä Marine's bankruptcy proceedings <ei283>began</ei283> Tuesday in a Helsinki court. | [
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matres | CNN19980126.1600.1104 | {
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matres | wsj_0923 | {
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} | Kyle Technology Corp. said a Seattle investor has signed a letter of intent to buy the company for about $3.1 million, or $1.20 a share. The investor, Donald A. Wright, plans to run the company, said a spokesman for Kyle. The transaction has been approved by Kyle's board, but requires the approval of the company's shareholders. Kyle manufactures electronic components. | Kyle Technology Corp. <ei83>said</ei83> a Seattle investor has <ei84>signed</ei84> a letter of intent to buy the company for about $3.1 million, or $1.20 a share. The investor, Donald A. Wright, plans to run the company, <ei89>said</ei89> a spokesman for Kyle. The transaction has been <ei91>approved</ei91> by Kyle's board, but <ei92>requires</ei92> the approval of the company's shareholders. Kyle manufactures electronic components. | [
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matres | wsj_0346 | {
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} | Cilcorp Inc., Peoria, Ill., said it agreed to acquire the environmental consulting and analytical services businesses of Hunter Environmental Services Inc. of Southport, Conn. The utility holding company said Hunter will receive 390,000 shares of a new series of Cilcorp convertible preferred stock with a face value of $39 million for the businesses. Cilcorp will also assume $22 million of Hunter's existing debt. As part of the agreement, Cilcorp said it will pay Hunter $4 million in exchange for agreements not to compete. Cilcorp said the businesses to be acquired had revenue of $76 million for the year ended March 31. Separately, Cilcorp said it plans to purchase as many as 1.4 million shares, or 10% of its outstanding common stock, from time to time on the open market and through privately negotiated transactions. The company, which currently has 13.5 million common shares outstanding, said it has no specific plans for the shares. | Cilcorp Inc., Peoria, Ill., <ei211>said</ei211> it <ei212>agreed</ei212> to acquire the environmental consulting and analytical services businesses of Hunter Environmental Services Inc. of Southport, Conn. The utility holding company <ei215>said</ei215> Hunter will receive 390,000 shares of a new series of Cilcorp convertible preferred stock with a face value of $39 million for the businesses. Cilcorp will also <ei217>assume</ei217> $22 million of Hunter's existing debt. As part of the agreement, Cilcorp <ei220>said</ei220> it will pay Hunter $4 million in exchange for agreements not to compete. Cilcorp <ei222>said</ei222> the businesses to be acquired <ei224>had</ei224> revenue of $76 million for the year ended March 31. Separately, Cilcorp <ei226>said</ei226> it plans to purchase as many as 1.4 million shares, or 10% of its outstanding common stock, from time to time on the open market and through privately negotiated transactions. The company, which currently <ei229>has</ei229> 13.5 million common shares outstanding, <ei230>said</ei230> it has no specific plans for the shares. | [
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matres | wsj_0906 | {
"id": "t0",
"text": "10/26/89"
} | Diversified Investment Group Inc. said it agreed to be acquired by Star States Corp. for stock valued at $13.75 a share, or about $24.4 million. Diversified, the holding company for Fidelity Federal Savings and Loan Association, said the agreement also gives Star States the option to acquire 588,300 of Diversified's 1,774,326 outstanding shares "under certain circumstances." The acquisition would give Wilmington, Delaware-based Star States access to the Pennsylvania market. The agreement is subject to regulatory approval and resolution of lawsuits brought by certain Diversified shareholders in connection with the proposed merger. | Diversified Investment Group Inc. <ei114>said</ei114> it <ei115>agreed</ei115> to be acquired by Star States Corp. for stock <ei117>valued</ei117> at $13.75 a share, or about $24.4 million. Diversified, the holding company for Fidelity Federal Savings and Loan Association, <ei118>said</ei118> the agreement also <ei120>gives</ei120> Star States the option to acquire 588,300 of Diversified's 1,774,326 outstanding shares "under certain circumstances." The acquisition would give Wilmington, Delaware-based Star States access to the Pennsylvania market. The agreement is subject to regulatory approval and resolution of lawsuits brought by certain Diversified shareholders in connection with the proposed merger. | [
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matres | wsj_0165 | {
"id": "t0",
"text": "11/02/89"
} | Heritage Media Corp., New York, said it offered to buy the shares of POP Radio Corp. it doesn't already own in a stock swap. Heritage, which owns 51% of POP's 3.6 million shares outstanding, said it will exchange one share of its new preferred stock for each POP common share it doesn't already own. Depending upon how many warrants and options are exercised prior to the completion of the transaction, Heritage would issue between 1.8 million and 2.35 million preferred shares, a Heritage spokesman estimated. In national over-the-counter trading yesterday, POP plunged $4 to $14.75. The preferred stock, which would have a dividend rate of $1.76 a year, would be convertible into Heritage common stock at a rate of four common shares for each preferred share. New York-based POP Radio provides, through a national, in-store network, a customized music, information, and advertising service which simulates live radio. Heritage owns and operates television and radio stations and in-store advertising and promotion programs. | Heritage Media Corp., New York, <ei67>said</ei67> it <ei68>offered</ei68> to buy the shares of POP Radio Corp. it doesn't already own in a stock swap. Heritage, which owns 51% of POP's 3.6 million shares outstanding, <ei71>said</ei71> it will exchange one share of its new preferred stock for each POP common share it doesn't already own. Depending upon how many warrants and options are exercised prior to the completion of the transaction, Heritage would issue between 1.8 million and 2.35 million preferred shares, a Heritage spokesman <ei77>estimated</ei77>. In national over-the-counter trading yesterday, POP <ei78>plunged</ei78> $4 to $14.75. The preferred stock, which would have a dividend rate of $1.76 a year, would be convertible into Heritage common stock at a rate of four common shares for each preferred share. New York-based POP Radio <ei79>provides</ei79>, through a national, in-store network, a customized music, information, and advertising service which <ei80>simulates</ei80> live radio. Heritage owns and <ei81>operates</ei81> television and radio stations and in-store advertising and promotion programs. | [
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matres | APW19980308.0201 | {
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} | ISTANBUL, Turkey (AP)_ Some 1,500 ethnic Albanians marched Sunday in downtown Istanbul, burning Serbian flags to protest the killings of ethnic Albanians by Serb police in southern Serbia's Kosovo province. The police barred the crowd from reaching the Yugoslav consulate in downtown Istanbul, but allowed them to demonstrate on nearby streets. ``Stop the bloodshed in Kosovo,'' the protesters chanted. Meanwhile, in the capital, Ankara, a few hundred ethnic Albanians laid a black wreath at the gate of the Yugoslav embassy. Ethnic Albanians comprise 90 percent of the population in Kosovo, but Serbs maintain control through a large military and police presence. Serbian police say they are trying to eliminate the pro-independence Kosovo Liberation Army and restore order. At least 51 people were reported killed in clashes between Serb police and ethnic Albanians in the troubled region in recent days. Turkey, worried about a civil war in Kosovo spilling into the Balkans, urged all Balkan states to sign a joint declaration that the Kosovo crisis be solved peacefully and without any change of borders. Turks feel they have special ties to the region, which they ruled for hundreds of years during the Ottoman Empire. They also share Islam with the ethnic Albanians. | ISTANBUL, Turkey (AP)_ Some 1,500 ethnic Albanians <ei193>marched</ei193> Sunday in downtown Istanbul, burning Serbian flags to protest the killings of ethnic Albanians by Serb police in southern Serbia's Kosovo province. The police <ei197>barred</ei197> the crowd from reaching the Yugoslav consulate in downtown Istanbul, but <ei199>allowed</ei199> them to demonstrate on nearby streets. ``Stop the bloodshed in Kosovo,'' the protesters <ei203>chanted</ei203>. Meanwhile, in the capital, Ankara, a few hundred ethnic Albanians <ei204>laid</ei204> a black wreath at the gate of the Yugoslav embassy. Ethnic Albanians comprise 90 percent of the population in Kosovo, but Serbs maintain control through a large military and police presence. Serbian police <ei205>say</ei205> they are <ei206>trying</ei206> to eliminate the pro-independence Kosovo Liberation Army and restore order. At least 51 people were <ei210>reported</ei210> <ei211>killed</ei211> in clashes between Serb police and ethnic Albanians in the troubled region in recent days. Turkey, <ei213>worried</ei213> about a civil war in Kosovo spilling into the Balkans, <ei216>urged</ei216> all Balkan states to sign a joint declaration that the Kosovo crisis be solved peacefully and without any change of borders. Turks feel they have special ties to the region, which they ruled for hundreds of years during the Ottoman Empire. They also share Islam with the ethnic Albanians. | [
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matres | wsj_0745 | {
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} | General Motors Corp. wants to buy as much as 15% of Jaguar PLC, marking its first salvo in a possible full-scale battle against Ford Motor Co. for control of the British car maker. GM sought U.S. antitrust clearance last week to purchase more than $15 million worth of Jaguar shares but doesn't own any yet, according to GM officials here and at the company's Detroit headquarters. The No. 1 U.S. auto maker then wrote Jaguar that it intends "to go to that 15%" level once it wins the U.S. clearance to go beyond $15 million, a Jaguar spokesman said yesterday. The GM move follows Tuesday's declaration by Ford, which holds an unwelcome 12.45% stake in Jaguar, that it is prepared to bid for the entire company. GM is close to completing a friendly deal with Jaguar that is likely to involve an eventual 30% stake and joint manufacturing ventures. Speculative investors, betting on an imminent clash between Ford and GM, pushed up Jaguar's share price five pence (eight U.S. cents) to a near-record 720 pence ($11.60) in late trading on London's stock exchange yesterday. Since Tuesday, the shares have gained nearly 4%. But an all-out bidding war between the world's top auto giants for Britain's leading luxury-car maker seems unlikely. "We will not go over a certain level," said David N. McCammon, Ford's vice president for finance, at a news conference yesterday in Dearborn, Mich. "There's some price at which we'd stop bidding." He wouldn't specify what it was. And powerful political pressures may convince the Conservative government to keep its so-called golden share, which limits any individual holding to 15%, until the restriction expires on Dec. 31, 1990. "I really don't see the government doing something that Jaguar doesn't want over the next 14 months," said Kenneth Warren, a Conservative member of Parliament and chairman of the Select Committee on Trade and Industry in Britain's House of Commons. "The golden share is a single share, but it is the magic share." The government retained the single share after selling its stake in Jaguar in 1984 -- part of a nationalistic practice of protecting former government-owned enterprises to deflect criticism of privatization. The 15% restriction covers any would-be suitor, British or foreign. Ford is willing to bid for 100% of Jaguar's shares if both the government and Jaguar shareholders agree to relax the anti-takeover barrier prematurely. As Jaguar's biggest holder and Britain's biggest car maker, Ford could turn up the heat by convening a special shareholders' meeting and urging holders to drop the limits early. Ford might succeed because many shareholders are speculators keen for a full bid or institutional investors unhappy over Jaguar management's handling of its current financial difficulties. The government probably wouldn't give in readily to a hostile foray by Ford, however. It has relinquished a golden share only once before -- during British Petroleum Co.'s £2.5 billion ( $4 billion ) takeover of Britoil PLC in 1988. In wooing British lawmakers, GM has pointed out that its willingness to settle for a minority stake would keep Jaguar British-owned and independent. This week, the U.S. auto giant paid for 10 House of Commons members and two House of Lords members to fly to Detroit and tour its operations there. While the visit was unrelated to Jaguar, GM Chairman Roger Smith answered the legislators' questions about it over lunch Tuesday. He said Jaguar "shouldn't be smothered by anyone else," recalled one participant. Politics also influences the government's thinking on the anti-takeover restriction. The Conservatives don't dare jeopardize marginal Tory seats in Coventry, where Jaguar has headquarters, nor can the government easily back down on promised protection for a privatized company while it proceeds with controversial plans to privatize most of Britain's water and electricity industries. Prime Minister Margaret Thatcher might, however, be receptive to any request by Jaguar Chairman Sir John Egan for the restriction's early removal to let GM amass more than 15% or mount a friendly suitor bid against Ford. In the end, Sir John -- rather than the government or Jaguar shareholders -- may hold the key that unlocks the golden share. | General Motors Corp. <ei2451>wants</ei2451> to buy as much as 15% of Jaguar PLC, <ei2453>marking</ei2453> its first salvo in a possible full-scale battle against Ford Motor Co. for control of the British car maker. GM <ei2457>sought</ei2457> U.S. antitrust clearance last week to purchase more than $15 million worth of Jaguar shares but doesn't own any yet, <ei2461>according</ei2461> to GM officials here and at the company's Detroit headquarters. The No. 1 U.S. auto maker then <ei2462>wrote</ei2462> Jaguar that it intends "to go to that 15%" level once it wins the U.S. clearance to go beyond $15 million, a Jaguar spokesman <ei2470>said</ei2470> yesterday. The GM move follows Tuesday's declaration by Ford, which holds an unwelcome 12.45% stake in Jaguar, that it is <ei2473>prepared</ei2473> to bid for the entire company. GM is close to completing a friendly deal with Jaguar that is likely to involve an eventual 30% stake and joint manufacturing ventures. Speculative investors, betting on an imminent clash between Ford and GM, <ei2481>pushed</ei2481> up Jaguar's share price five pence (eight U.S. cents) to a near-record 720 pence ($11.60) in late trading on London's stock exchange yesterday. Since Tuesday, the shares have <ei2485>gained</ei2485> nearly 4%. But an all-out bidding war between the world's top auto giants for Britain's leading luxury-car maker seems unlikely. "We will not go over a certain level," said David N. McCammon, Ford's vice president for finance, at a news conference yesterday in Dearborn, Mich. "There's some price at which we'd stop bidding." He wouldn't specify what it was. And powerful political pressures may convince the Conservative government to keep its so-called golden share, which limits any individual holding to 15%, until the restriction <ei2497>expires</ei2497> on Dec. 31, 1990. "I really don't see the government doing something that Jaguar doesn't want over the next 14 months," <ei2501>said</ei2501> Kenneth Warren, a Conservative member of Parliament and chairman of the Select Committee on Trade and Industry in Britain's House of Commons. "The golden share is a single share, but it is the magic share." The government <ei2502>retained</ei2502> the single share after <ei2503>selling</ei2503> its stake in Jaguar in 1984 -- part of a nationalistic practice of protecting former government-owned enterprises to deflect criticism of privatization. The 15% restriction covers any would-be suitor, British or foreign. Ford is willing to bid for 100% of Jaguar's shares if both the government and Jaguar shareholders agree to relax the anti-takeover barrier prematurely. As Jaguar's biggest holder and Britain's biggest car maker, Ford could turn up the heat by convening a special shareholders' meeting and urging holders to drop the limits early. Ford might succeed because many shareholders are speculators keen for a full bid or institutional investors unhappy over Jaguar management's handling of its current financial difficulties. The government probably wouldn't give in readily to a hostile foray by Ford, however. It has <ei2520>relinquished</ei2520> a golden share only once before -- during British Petroleum Co.'s £2.5 billion ( $4 billion ) takeover of Britoil PLC in 1988. In wooing British lawmakers, GM has <ei2523>pointed</ei2523> out that its willingness to <ei2525>settle</ei2525> for a minority stake would <ei2526>keep</ei2526> Jaguar British-owned and independent. This week, the U.S. auto giant <ei2529>paid</ei2529> for 10 House of Commons members and two House of Lords members to fly to Detroit and <ei2531>tour</ei2531> its operations there. While the visit was unrelated to Jaguar, GM Chairman Roger Smith <ei2533>answered</ei2533> the legislators' questions about it over lunch Tuesday. He <ei2536>said</ei2536> Jaguar "shouldn't be smothered by anyone else," <ei2538>recalled</ei2538> one participant. Politics also influences the government's thinking on the anti-takeover restriction. 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matres | wsj_0534 | {
"id": "t0",
"text": "10/30/89"
} | Conseco Inc. said it is calling for the redemption on December 7 of all 800,000 remaining shares outstanding of its $1.875 Series A convertible preferred stock at $26.805 a share. The insurance company said all conversion rights on the stock will terminate on November 30. Until then, Conseco said the stock remains convertible into common stock at the rate of 1.439 shares of common stock for each share of preferred stock, which is equivalent to a conversion price of $17.50 a common share. In New York Stock Exchange trading on Friday, Conseco closed at $19.50, down $0.25. | Conseco Inc. <ei87>said</ei87> it is <ei88>calling</ei88> for the redemption on December 7 of all 800,000 remaining shares outstanding of its $1.875 Series A convertible preferred stock at $26.805 a share. The insurance company <ei90>said</ei90> all conversion rights on the stock will <ei92>terminate</ei92> on November 30. Until then, Conseco <ei93>said</ei93> the stock <ei94>remains</ei94> convertible into common stock at the rate of 1.439 shares of common stock for each share of preferred stock, which is equivalent to a conversion price of $17.50 a common share. In New York Stock Exchange trading on Friday, Conseco <ei95>closed</ei95> at $19.50, down $0.25. | [
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matres | wsj_0169 | {
"id": "t0",
"text": "11/02/89"
} | Ratners Group PLC, a fast-growing, acquisition-minded London-based jeweler, raised its price for Seattle-based specialty jeweler Weisfield's Inc. to $57.50 a share, or $62.1 million, from $50 a share, or $55 million, after another concern said it would be prepared to outbid Ratner's initial offer. The other concern wasn't identified. Ratner's chairman, Gerald Ratner, said the deal remains of "substantial benefit to Ratners." In London at mid-afternoon yesterday, Ratners's shares were up 2 pence (1.26 cents), at 260 pence ($1.64). The sweetened offer has acceptances from more than 50% of Weisfield's shareholders, and it is scheduled for completion by Dec. 10. The acquisition of 87-store Weisfield's raises Ratners's U.S. presence to 450 stores. About 30% of Ratners's profit already is derived from the U.S. | Ratners Group PLC, a fast-growing, acquisition-minded London-based jeweler, <ei150>raised</ei150> its price for Seattle-based specialty jeweler Weisfield's Inc. to $57.50 a share, or $62.1 million, from $50 a share, or $55 million, after another concern <ei153>said</ei153> it would be prepared to outbid Ratner's initial offer. The other concern wasn't identified. Ratner's chairman, Gerald Ratner, said the deal remains of "substantial benefit to Ratners." In London at mid-afternoon yesterday, Ratners's shares were up 2 pence (1.26 cents), at 260 pence ($1.64). The sweetened offer <ei161>has</ei161> acceptances from more than 50% of Weisfield's shareholders, and it is scheduled for completion by Dec. 10. The acquisition of 87-store Weisfield's <ei166>raises</ei166> Ratners's U.S. presence to 450 stores. About 30% of Ratners's profit already <ei167>is derived</ei167> from the U.S. | [
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matres | wsj_0122 | {
"id": "t0",
"text": "11/02/89"
} | Young's Market Co., a wholesaler of spirits, wines, and other goods, said it will merge with a new corporation formed by the Underwood family, which controls Young's. Under the terms of the agreement, shareholders other than the Underwoods will receive $3,500 per share at closing, which is expected in December. The Underwood family said that holders of more than a majority of the company's stock have approved the transaction by written consent. | Young's Market Co., a wholesaler of spirits, wines, and other goods, <ei81>said</ei81> it will merge with a new corporation <ei83>formed</ei83> by the Underwood family, which controls Young's. Under the terms of the agreement, shareholders other than the Underwoods will <ei85>receive</ei85> $3,500 per share at closing, which is expected in December. The Underwood family <ei88>said</ei88> that holders of more than a majority of the company's stock have <ei89>approved</ei89> the transaction by written consent. | [
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matres | wsj_0167 | {
"id": "t0",
"text": "11/02/89"
} | RMS International Inc., Hasbrouck Heights, NJ, facing a cash flow squeeze, said it is seeking other financing sources and waivers from debenture holders. The company said that because of softening sales it is not in compliance with requirements that it maintain $3 million in working capital. RMS distributes electronic devices and produces power supplies and plastic literature displays. RMS said it had a loss of $158,666, or 10 cents a share, in the third quarter, compared with a year-earlier loss of $26,956, or two cents a share. Sales rose to $3 million from $2.9 million. For the nine months, the company reported a net loss of $608,413, or 39 cents a share, compared with year-earlier net income of $967,809, or 62 cents a share. Sales rose to $9.8 million from $8.9 million. | RMS International Inc., Hasbrouck Heights, NJ, <ei2090>facing</ei2090> a cash flow squeeze, <ei2092>said</ei2092> it is <ei2093>seeking</ei2093> other financing sources and waivers from debenture holders. The company <ei2094>said</ei2094> that because of softening sales it is not in compliance with requirements that it <ei2097>maintain</ei2097> $3 million in working capital. RMS distributes electronic devices and produces power supplies and plastic literature displays. RMS <ei2098>said</ei2098> it <ei2099>had</ei2099> a loss of $158,666, or 10 cents a share, in the third quarter, compared with a year-earlier loss of $26,956, or two cents a share. Sales <ei2101>rose</ei2101> to $3 million from $2.9 million. For the nine months, the company <ei2102>reported</ei2102> a net loss of $608,413, or 39 cents a share, compared with year-earlier net income of $967,809, or 62 cents a share. Sales <ei2105>rose</ei2105> to $9.8 million from $8.9 million. | [
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matres | wsj_0144 | {
"id": "t0",
"text": "11/02/89"
} | Travelers Corp.'s third-quarter net income rose 11%, even though claims stemming from Hurricane Hugo reduced results by $40 million. Net income increased to $94.2 million, or 89 cents a share, from $85 million, or 83 cents a share, including net realized investment gains of $31 million, up from $10 million a year ago. But revenue declined to $3 billion from $3.2 billion. Travelers estimated that the California earthquake last month will result in a fourth-quarter pre-tax charge of less than $10 million. The insurer's earnings from commercial property/casualty lines fell 59% in the latest quarter, while it lost $7.2 million in its personal property/casualty business, compared with earnings of $6.1 million a year ago. Travelers' employee benefits group, which includes its group health insurance operations, posted earnings of $24 million, compared with a loss of $3 million last year. In the first nine months, net income was $306 million, compared with a loss of $195 million in the 1988 period. The year-ago results included a $415 million charge in the 1988 second quarter for underperforming real estate and mortgage loans. | Travelers Corp.'s third-quarter net income <ei2202>rose</ei2202> 11%, even though claims stemming from Hurricane Hugo <ei2203>reduced</ei2203> results by $40 million. Net income <ei2204>increased</ei2204> to $94.2 million, or 89 cents a share, from $85 million, or 83 cents a share, including net realized investment gains of $31 million, up from $10 million a year ago. But revenue <ei2210>declined</ei2210> to $3 billion from $3.2 billion. Travelers <ei2213>estimated</ei2213> that the California earthquake last month will result in a fourth-quarter pre-tax charge of less than $10 million. The insurer's earnings from commercial property/casualty lines <ei2217>fell</ei2217> 59% in the latest quarter, while it <ei2218>lost</ei2218> $7.2 million in its personal property/casualty business, compared with earnings of $6.1 million a year ago. Travelers' employee benefits group, which includes its group health insurance operations, posted earnings of $24 million, compared with a loss of $3 million last year. In the first nine months, net income was $306 million, compared with a loss of $195 million in the 1988 period. The year-ago results included a $415 million charge in the 1988 second quarter for underperforming real estate and mortgage loans. | [
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matres | wsj_0760 | {
"id": "t0",
"text": "10/27/89"
} | Norton Co. said net income for the third quarter fell 6% to $20.6 million, or 98 cents a share, from $22 million, or $1.03 a share. Operating profit for the abrasives, engineering materials, and petroleum services concern was $19.2 million, or 91 cents a share, up 3% from $18.7 million, or 87 cents a share. The company had a tax credit of $1.4 million. In the year-earlier quarter, the tax credit was $3.3 million. Sales rose 8% to $368.5 million from $340.7 million. Operating profit in the company's abrasives segment rose 16% while operating profit in the engineering materials segment rose 2%. However, the company's petroleum services segment, while profitable, was hurt by high financing costs associated with the company's buyout of a 50% stake in Eastman Christensen Co. from Texas Eastern Corp. last June. Norton and Texas Eastern had each held a 50% stake in Eastman in a joint venture. Norton announced earlier this month that it was exploring the possible sale of all or part of Eastman Christensen. For the nine months, Norton had net income of $81.2 million, or $3.87 a share, and a tax credit of $4.4 million. In the year-earlier period, the company had net income of $77.2 million, or $3.68 a share, and a tax credit of $7.7 million. Norton had operating profit of $76.8 million, or $3.66 a share, up 11% from $69.5 million, or $3.31 a share. Sales rose 8% to $1.15 billion from $1.06 billion. | Norton Co. <ei195>said</ei195> net income for the third quarter <ei196>fell</ei196> 6% to $20.6 million, or 98 cents a share, from $22 million, or $1.03 a share. Operating profit for the abrasives, engineering materials, and petroleum services concern was $19.2 million, or 91 cents a share, up 3% from $18.7 million, or 87 cents a share. The company had a tax credit of $1.4 million. In the year-earlier quarter, the tax credit was $3.3 million. Sales <ei200>rose</ei200> 8% to $368.5 million from $340.7 million. Operating profit in the company's abrasives segment <ei203>rose</ei203> 16% while operating profit in the engineering materials segment <ei204>rose</ei204> 2%. However, the company's petroleum services segment, while profitable, was <ei205>hurt</ei205> by high financing costs associated with the company's buyout of a 50% stake in Eastman Christensen Co. from Texas Eastern Corp. last June. Norton and Texas Eastern had each held a 50% stake in Eastman in a joint venture. Norton <ei207>announced</ei207> earlier this month that it was <ei208>exploring</ei208> the possible sale of all or part of Eastman Christensen. For the nine months, Norton had net income of $81.2 million, or $3.87 a share, and a tax credit of $4.4 million. In the year-earlier period, the company had net income of $77.2 million, or $3.68 a share, and a tax credit of $7.7 million. Norton had operating profit of $76.8 million, or $3.66 a share, up 11% from $69.5 million, or $3.31 a share. Sales rose 8% to $1.15 billion from $1.06 billion. | [
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matres | NYT19980402.0453 | {
"id": "t0",
"text": "04/02/1998 22:52:00"
} | began delving Thursday into the slayings of 14 Black women over the last five years in the Newark area, as law-enforcement officials acknowledged that they needed to work harder to solve the cases of murdered women. The police and prosecutors said they had identified different suspects in six of the cases and had yet to find any pattern linking the killings or the victims, several of whom were believed to be prostitutes. State, county, and local law-enforcement officials have expressed concerns in recent months about a possible pattern of murdered women and a disproportionate number of unsolved cases. Citing an example, Sgt. Derek Glenn, a spokesman for the Newark Police Department, said that of nine women who had been killed last year, suspects had been arrested in only four cases. But overall, arrests were made in more than 60 percent of murder cases, he said. Eight of the 14 killings since 1993 were already under investigation by the Newark Police Department, Glenn said. Of the eight victims, three were stabbed, two were strangled, two were beaten to death, and one was asphyxiated, he said, and these different methods of killing and other evidence seem to indicate that the eight cases are not related. But with the task force investigation just getting under way, officials have been careful not to draw any firm conclusions, leaving open the possibility of a serial killer in some of the cases. There have been no arrests in any of the slayings. “I haven’t seen a pattern yet,” said Patricia Hurt, the Essex County prosecutor, who created the task force on Tuesday. “The type of lifestyle these women have is extremely dangerous,” she said. | <ei2217>began</ei2217> delving Thursday into the slayings of 14 Black women over the last five years in the Newark area, as law-enforcement officials <ei2220>acknowledged</ei2220> that they <ei2221>needed</ei2221> to work harder to <ei2223>solve</ei2223> the cases of murdered women. The police and prosecutors <ei2225>said</ei2225> they had <ei2226>identified</ei2226> different suspects in six of the cases and had yet to find any pattern linking the killings or the victims, several of whom were <ei2229>believed</ei2229> to be prostitutes. State, county, and local law-enforcement officials have <ei2231>expressed</ei2231> concerns in recent months about a possible pattern of murdered women and a disproportionate number of unsolved cases. <ei2234>Citing</ei2234> an example, Sgt. Derek Glenn, a spokesman for the Newark Police Department, <ei2235>said</ei2235> that of nine women who had been <ei2236>killed</ei2236> last year, suspects had been <ei2237>arrested</ei2237> in only four cases. But overall, arrests were <ei2240>made</ei2240> in more than 60 percent of murder cases, he <ei2242>said</ei2242>. Eight of the 14 killings since 1993 were already under investigation by the Newark Police Department, Glenn <ei2245>said</ei2245>. Of the eight victims, three were <ei2246>stabbed</ei2246>, two were <ei2247>strangled</ei2247>, two were <ei2248>beaten</ei2248> to death, and one was <ei2249>asphyxiated</ei2249>, he <ei2250>said</ei2250>, and these different methods of killing and other evidence <ei2251>seem</ei2251> to indicate that the eight cases are not <ei2254>related</ei2254>. But with the task force investigation just <ei2256>getting</ei2256> under way, officials have been careful not to <ei2258>draw</ei2258> any firm conclusions, <ei2259>leaving</ei2259> open the possibility of a serial killer in some of the cases. There have been no arrests in any of the slayings. “I haven’t seen a pattern yet,” <ei2263>said</ei2263> Patricia Hurt, the Essex County prosecutor, who <ei2264>created</ei2264> the task force on Tuesday. “The type of lifestyle these women <ei2265>have</ei2265> is extremely dangerous,” she <ei2266>said</ei2266>. | [
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matres | wsj_0471 | {
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matres | PRI19980205.2000.1890 | {
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} | The US is bolstering its military presence in the Gulf, as President Clinton discussed the Iraq crisis with the one ally who has backed his threat of force, British Prime Minister Tony Blair. The World's Nancy Marshall reports on Mr. Blair's current visit to Washington and the special relationship between the two leaders. President Clinton rolled out the red carpet for Prime Minister Blair, welcoming him not only as a close ally, but a close friend. Posing for photographers with Clinton, Blair pledged to stand united with the president against Iraq, warning Saddam Hussein that the threat of force is real. The British aircraft carrier Invincible is now patrolling the Persian Gulf alongside three US vessels. Washington and London are virtually alone in warning Iraq of military strikes if it doesn't back down on the weapons inspection issue. President Clinton says he and Blair will stand together not just on Iraq but also on arresting the terrorists suspected of blowing up Pan Am flight 103 over Scotland. For The World, I'm Nancy Marshall in Washington. | The US is <ei158>bolstering</ei158> its military presence in the Gulf, as President Clinton <ei159>discussed</ei159> the Iraq crisis with the one ally who has <ei161>backed</ei161> his threat of force, British Prime Minister Tony Blair. The World's Nancy Marshall reports on Mr. Blair's current visit to Washington and the special relationship between the two leaders. President Clinton <ei163>rolled</ei163> out the red carpet for Prime Minister Blair, <ei164>welcoming</ei164> him not only as a close ally, but a close friend. <ei165>Posing</ei165> for photographers with Clinton, Blair <ei166>pledged</ei166> to stand united with the president against Iraq, <ei168>warning</ei168> Saddam Hussein that the threat of force is real. The British aircraft carrier Invincible is now patrolling the Persian Gulf alongside three US vessels. Washington and London are virtually alone in warning Iraq of military strikes if it doesn't back down on the weapons inspection issue. President Clinton <ei176>says</ei176> he and Blair will stand together not just on Iraq but also on arresting the terrorists <ei179>suspected</ei179> of blowing up Pan Am flight 103 over Scotland. For The World, I'm Nancy Marshall in Washington. | [
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matres | ea980120.1830.0456 | {
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} | said today it will re-examine the question of whether the remains inside the Tomb of the Unknown from the Vietnam War are, in fact, known. CBS News first reported last night that the tomb may contain the remains of Air Force pilot Michael Blassie. There was a suspicion that the body was Blassie's because his uniform and ID card were found near the body in Vietnam. But subsequently, they were lost. Blassie's mother now wants the remains in the tomb tested for DNA. | <ei99>said</ei99> today it will re-examine the question of whether the remains inside the Tomb of the Unknown from the Vietnam War are, in fact, known. CBS News first <ei103>reported</ei103> last night that the tomb may contain the remains of Air Force pilot Michael Blassie. There was a suspicion that the body <ei111>was</ei111> Blassie's because his uniform and ID card were <ei107>found</ei107> near the body in Vietnam. But subsequently, they were <ei108>lost</ei108>. Blassie's mother now wants the remains in the tomb tested for DNA. | [
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matres | wsj_0175 | {
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} | Sony Corp. completed its tender offer for Columbia Pictures Entertainment Inc., with Columbia shareholders tendering 99.3% of all outstanding common shares by the Tuesday deadline. Sony Columbia Acquisition Corp., formed for the Columbia deal, will formally take ownership of the movie studio later this month, a spokesman said. Sony is paying $27 a share, or $3.55 billion, in cash and is assuming $1.4 billion of long-term debt. Still unresolved is Sony's effort to hire producers Jon Peters and Peter Guber to run the studio. Sony's planned acquisition of Guber/Peters Entertainment Co. for $200 million is scheduled to close on Monday. Guber/Peters has been locked in litigation with Warner Communications Inc. in an attempt to get out of an exclusive production contract with Warner. Both sides are in talks to settle the dispute. | Sony Corp. <ei205>completed</ei205> its tender offer for Columbia Pictures Entertainment Inc., with Columbia shareholders <ei207>tendering</ei207> 99.3% of all outstanding common shares by the Tuesday deadline. Sony Columbia Acquisition Corp., <ei208>formed</ei208> for the Columbia deal, will formally take ownership of the movie studio later this month, a spokesman <ei211>said</ei211>. Sony is <ei212>paying</ei212> $27 a share, or $3.55 billion, in cash and is <ei213>assuming</ei213> $1.4 billion of long-term debt. Still unresolved is Sony's effort to hire producers Jon Peters and Peter Guber to run the studio. Sony's planned acquisition of Guber/Peters Entertainment Co. for $200 million is <ei220>scheduled</ei220> to close on Monday. Guber/Peters has been <ei222>locked</ei222> in litigation with Warner Communications Inc. in an attempt to get out of an exclusive production contract with Warner. Both sides are in talks to settle the dispute. | [
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matres | wsj_0751 | {
"id": "t0",
"text": "10/27/89"
} | Dime Savings Bank of New York was cleared by the Federal Deposit Insurance Corp. to acquire Starpointe Savings Bank of Somerset, N.J., the banks said. Starpointe shareholders, who approved the plan last April, will receive $21 in cash per share, or a total of $63 million. The FDIC cleared the move yesterday, and the banks must wait at least 30 days before closing the purchase. A closing date hasn't been set. The thrifts agreed to the transaction in August 1988. | Dime Savings Bank of New York was <ei138>cleared</ei138> by the Federal Deposit Insurance Corp. to acquire Starpointe Savings Bank of Somerset, N.J., the banks <ei140>said</ei140>. Starpointe shareholders, who <ei141>approved</ei141> the plan last April, will <ei143>receive</ei143> $21 in cash per share, or a total of $63 million. The FDIC <ei144>cleared</ei144> the move yesterday, and the banks must <ei146>wait</ei146> at least 30 days before closing the purchase. A closing date hasn't been set. The thrifts agreed to the transaction in August 1988. | [
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matres | AP900816-0139 | {
"id": "t0",
"text": "08-16-90 2041EDT"
} | took a more personal turn Thursday when Iraq's Saddam Hussein called President Bush a liar and said the outbreak of holy war could bring thousands of Americans home in coffins. Bush, commenting on the two-week gulf crisis from his vacation home in Maine, said he saw little reason to be optimistic about a settlement of the dispute, which stems from Iraq's invasion of oil-rich Kuwait and its subsequent military buildup on the border of Saudi Arabia. After a two-hour meeting at his Kennebunkport home with King Hussein of Jordan, Bush said, ``I did not come away with any feeling of hope'' that Iraq would withdraw its army from Kuwait. Bush also said Thursday that King Hussein assured him Jordan would close the last remaining free port to most Iraqi trade as the economic embargo on materials to Iraq continued unabated. Foodstuffs are among the goods being blocked from entry; Iraq imports about three-quarters of its food. Pentagon sources in Washington meanwhile said the Bush administration plans to deploy 45,000 Marines to the region to back up the thousands of Army, Navy and Air Force troops already in place in the gulf and the Saudi desert. At a news conference, Secretary of State James A. Baker III said Jordan ``is seeking some guidance'' about a provision in the U.N.-backed trade embargo that allows food for humanitarian purposes. Worries, however, grew about the safety of Americans and other Westerners trapped in Kuwait. Iraqi military authorities ordered all Americans and Britons in Kuwait to assemble at a hotel, officials said. ``Very few'' of the 2,500 Americans in occupied Kuwait complied with the order, a senior U.S. official told The Associated Press. Iraq said the roundup was to protect them from unspecified threats; British Foreign Office minister William Waldegrave called the order ``grave and sinister.'' ``What we fear is that they will be interned somewhere, most likely in Iraq,'' Waldegrave said. A total of about 3,000 Americans, 3,000 Britons and more than 450 Japanese are in Iraq and Kuwait. Overall, more than 2 million foreigners are in both countries. Iraq has called them ``restrictees.'' In addition to the estimated 45,000 Marines to ultimately be part of Operation Desert Shield, Stealth fighter planes and the aircraft carrier John F. Kennedy are also headed to Saudi Arabia to protect it from Iraqi expansionism. In Washington, Pentagon spokesman Pete Williams said Iraq has continued to increase its armed forces in Kuwait and they now number about 160,000. Saddam has been under international quarantine since his August 2 power grab, or what he calls an ``eternal merger'' with Kuwait. In a long verbal attack read on Iraqi television Thursday, Saddam repeatedly called Bush ``a liar'' and said a shooting war could produce body bags courtesy of Baghdad. ``We continue to pray and pray hard to God so that there will be no confrontation whereby you will receive thousands of Americans wrapped in sad coffins after you had pushed them into a dark tunnel,'' Saddam said. He called U.S. soldiers massing in Saudi Arabia the real occupiers in the Persian Gulf. Replied State Department deputy spokesman Richard Boucher, ``We haven't really analyzed the statement in detail but it appears to be just another example of his outlandish rhetoric and his attempts to distort the truth. ``We believe that his words cannot distract the world from the facts of Iraqi aggression.'' An international land, sea and air force has mobilized since Iraq's invasion, which was sparked by disputes over oil, land and repayment of war loans. In the largest U.S. military operation since Vietnam, an estimated 20,000 American GIs have already massed to defend Saudi Arabia. ``We don't just arrive,'' said four-star Gen. John Dailey, assistant commandant of the U.S. Marine Corps. ``We're there to stay for a fairly lengthy period.'' Egypt, Syria, Morocco and Bangladesh also committed ground troops, to a much lesser degree. The U.S. Navy has 27 ships in the maritime barricade of Iraq. They are aided by Britain, West Germany, Australia, Canada, the Netherlands and Belgium. Bush was expected to authorize naval commanders to use ``the minimum force necessary'' to interdict shipments to and from Iraq, a U.S. official said. That could include firing across the bow to halt a ship. In the air, U.S. Air Force fliers say they have engaged in ``a little cat and mouse'' with Iraqi warplanes, which have retreated when weapons radar locks onto them. ``They don't want to play with us,'' one U.S. crew chief said. In Kuwait, the Iraqis have rimmed the capital city with an air-defense system, according to a U.S. official who spoke on the condition of anonymity. He declined to say if the weapons included missiles, but the Iraqis have them in their arsenal. The Iraqis also possess chemical weapons. The combined operations are designed to isolate and strangle Iraq until it retreats from Kuwait. The quarantine hopes to staunch the flow of Iraqi oil, which is Iraq's economic lifeblood, and clamp down on food and supplies going in. Iraq now controls 20 percent of the world's oil reserves with its conquest of Kuwait. Only Saudi Arabia has more oil reserves. The economic chokehold appears to be working. The Lloyd's List International newspaper, which monitors worldwide shipping, said Iraq's fleet of 80 tankers and cargo ships has stopped regular trading. John Prescott, a shipping correspondent, said there was no shipping in Kuwaiti or Iraqi ports and that activity was trailing off in the Jordanian port of Aqaba. Bush's chief objective in his meeting with Hussein was to press the king to shut down Iraq's food and oil supply route from Aqaba on the Red Sea. Aqaba is Iraq's only outlet now that an international noose has tightened. Bush has indicated the U.S. Navy will barricade the port from Iraqi ships. The president also has offered to help offset Jordan's costs because 40 percent of its exports go to Iraq and 90 percent of its oil comes from there. ``It's our only outlet to the sea and the rest of the world,'' Hussein said. He also said of trade with Iraq: ``There are no shipments at the moment.'' A day earlier, scores of trucks, many with Iraqi license plates, streamed north out of Aqaba to Amman and onto the desert highway bound for Iraq. The Jordanian monarch met this week with Saddam, but he told reporters he had no message from Baghdad. ``I am not talking on behalf of anyone in the area... but myself,'' Hussein said. In the United Nations, Libya called for the replacement of U.S. forces in the Persian Gulf with Arab League forces and U.N. soldiers. Libyan leader Moammar Gadhafi, in a letter to the U.N. Secretary-General, also called for an emergency Security Council meeting in Geneva to remove U.S. forces. There was no decision on a meeting. Thirty-two of the 159 U.N. members had filed compliance reports by Wednesday, and all were honoring the sanctions against Iraq. Also Thursday, Saudi Arabia called for an emergency conference of the Organization of Petroleum Exporting Countries to discuss how much oil to pump. The minister denied the kingdom had notified any of its customers of any cutbacks in oil supply. Reports attributed to the Japanese foreign ministry said Saudi Arabia told U.S., European and Japanese oil companies of a 15-20 percent cutback in its oil supply in September. Meanwhile, Egypt's official Middle East News Agency said Thursday that Saddam was the target of an assassination attempt, which led to ``large-scale'' arrests, including some close associates of the Iraqi strongman. The agency quoted witnesses as saying tanks and armored cars are patrolling the streets of Baghdad. There was no independent confirmation of the report by the government-run news agency, which did not say when the reported attempt occurred. | <ei1523>took</ei1523> a more personal turn Thursday when Iraq's Saddam Hussein <ei1524>called</ei1524> President Bush a liar and <ei1526>said</ei1526> the outbreak of holy war could bring thousands of Americans home in coffins. Bush, <ei1531>commenting</ei1531> on the two-week gulf crisis from his vacation home in Maine, <ei1533>said</ei1533> he <ei1534>saw</ei1534> little reason to be optimistic about a settlement of the dispute, which stems from Iraq's invasion of oil-rich Kuwait and its subsequent military buildup on the border of Saudi Arabia. After a two-hour meeting at his Kennebunkport home with King Hussein of Jordan, Bush <ei1543>said</ei1543>, ``I did not come away with any feeling of hope'' that Iraq would withdraw its army from Kuwait. Bush also <ei1547>said</ei1547> Thursday that King Hussein <ei1548>assured</ei1548> him Jordan would close the last remaining free port to most Iraqi trade as the economic embargo on materials to Iraq <ei1551>continued</ei1551> unabated. Foodstuffs are among the goods being <ei1553>blocked</ei1553> from entry; Iraq imports about three-quarters of its food. Pentagon sources in Washington meanwhile <ei1555>said</ei1555> the Bush administration <ei1556>plans</ei1556> to deploy 45,000 Marines to the region to back up the thousands of Army, Navy and Air Force troops already in place in the gulf and the Saudi desert. At a news conference, Secretary of State James A. Baker III <ei1561>said</ei1561> Jordan ``is seeking some guidance'' about a provision in the U.N.-backed trade embargo that <ei1566>allows</ei1566> food for humanitarian purposes. Worries, however, <ei1567>grew</ei1567> about the safety of Americans and other Westerners <ei1569>trapped</ei1569> in Kuwait. Iraqi military authorities <ei1570>ordered</ei1570> all Americans and Britons in Kuwait to <ei1571>assemble</ei1571> at a hotel, officials <ei1572>said</ei1572>. ``Very few'' of the 2,500 Americans in occupied Kuwait <ei1573>complied</ei1573> with the order, a senior U.S. official <ei1574>told</ei1574> The Associated Press. Iraq <ei1575>said</ei1575> the roundup was to protect them from unspecified threats; British Foreign Office minister William Waldegrave <ei1579>called</ei1579> the order ``grave and sinister.'' ``What we fear is that they will be interned somewhere, most likely in Iraq,'' Waldegrave <ei1583>said</ei1583>. A total of about 3,000 Americans, 3,000 Britons and more than 450 Japanese are in Iraq and Kuwait. Overall, more than 2 million foreigners are in both countries. Iraq has called them ``restrictees.'' In addition to the estimated 45,000 Marines to ultimately be part of Operation Desert Shield, Stealth fighter planes and the aircraft carrier John F. Kennedy are also <ei1586>headed</ei1586> to Saudi Arabia to protect it from Iraqi expansionism. In Washington, Pentagon spokesman Pete Williams <ei1589>said</ei1589> Iraq has <ei1590>continued</ei1590> to <ei1591>increase</ei1591> its armed forces in Kuwait and they now number about 160,000. Saddam has been under international quarantine since his August 2 power grab, or what he <ei1595>calls</ei1595> an ``eternal merger'' with Kuwait. In a long verbal attack read on Iraqi television Thursday, Saddam repeatedly <ei1598>called</ei1598> Bush ``a liar'' and <ei1600>said</ei1600> a shooting war could produce body bags courtesy of Baghdad. ``We <ei1603>continue</ei1603> to pray and pray hard to God so that there will be no confrontation whereby you will receive thousands of Americans wrapped in sad coffins after you had <ei1609>pushed</ei1609> them into a dark tunnel,'' Saddam <ei1610>said</ei1610>. He <ei1611>called</ei1611> U.S. soldiers <ei1612>massing</ei1612> in Saudi Arabia the real occupiers in the Persian Gulf. Replied State Department deputy spokesman Richard Boucher, ``We haven't really analyzed the statement in detail but it <ei1617>appears</ei1617> to be just another example of his outlandish rhetoric and his attempts to distort the truth. ``We <ei1621>believe</ei1621> that his words cannot distract the world from the facts of Iraqi aggression.'' An international land, sea and air force has <ei1624>mobilized</ei1624> since Iraq's invasion, which was <ei1626>sparked</ei1626> by disputes over oil, land and repayment of war loans. In the largest U.S. military operation since Vietnam, an estimated 20,000 American GIs have already <ei1630>massed</ei1630> to defend Saudi Arabia. ``We don't just arrive,'' <ei1633>said</ei1633> four-star Gen. John Dailey, assistant commandant of the U.S. Marine Corps. ``We're there to <ei1635>stay</ei1635> for a fairly lengthy period.'' Egypt, Syria, Morocco and Bangladesh also <ei1636>committed</ei1636> ground troops, to a much lesser degree. The U.S. Navy <ei1637>has</ei1637> 27 ships in the maritime barricade of Iraq. They are <ei1638>aided</ei1638> by Britain, West Germany, Australia, Canada, the Netherlands and Belgium. Bush was expected to authorize naval commanders to use ``the minimum force necessary'' to interdict shipments to and from Iraq, a U.S. official <ei1643>said</ei1643>. That could include firing across the bow to halt a ship. In the air, U.S. Air Force fliers say they have <ei1647>engaged</ei1647> in ``a little cat and mouse'' with Iraqi warplanes, which have <ei1648>retreated</ei1648> when weapons radar locks onto them. ``They don't want to play with us,'' one U.S. crew chief <ei1652>said</ei1652>. In Kuwait, the Iraqis have <ei1653>rimmed</ei1653> the capital city with an air-defense system, according to a U.S. official who spoke on the condition of anonymity. He <ei1655>declined</ei1655> to say if the weapons included missiles, but the Iraqis have them in their arsenal. The Iraqis also possess chemical weapons. The combined operations are designed to isolate and strangle Iraq until it retreats from Kuwait. The quarantine <ei1663>hopes</ei1663> to staunch the flow of Iraqi oil, which is Iraq's economic lifeblood, and clamp down on food and supplies <ei1667>going</ei1667> in. Iraq now <ei1668>controls</ei1668> 20 percent of the world's oil reserves with its conquest of Kuwait. Only Saudi Arabia has more oil reserves. The economic chokehold appears to be working. The Lloyd's List International newspaper, which monitors worldwide shipping, <ei1672>said</ei1672> Iraq's fleet of 80 tankers and cargo ships has <ei1673>stopped</ei1673> regular trading. John Prescott, a shipping correspondent, <ei1675>said</ei1675> there was no shipping in Kuwaiti or Iraqi ports and that activity was <ei1677>trailing</ei1677> off in the Jordanian port of Aqaba. Bush's chief objective in his meeting with Hussein was to press the king to shut down Iraq's food and oil supply route from Aqaba on the Red Sea. Aqaba is Iraq's only outlet now that an international noose has <ei1683>tightened</ei1683>. Bush has <ei1684>indicated</ei1684> the U.S. Navy will barricade the port from Iraqi ships. The president also has <ei1686>offered</ei1686> to help offset Jordan's costs because 40 percent of its exports go to Iraq and 90 percent of its oil <ei1692>comes</ei1692> from there. ``It's our only outlet to the sea and the rest of the world,'' Hussein <ei1694>said</ei1694>. He also said of trade with Iraq: ``There are no shipments at the moment.'' A day earlier, scores of trucks, many with Iraqi license plates, <ei1697>streamed</ei1697> north out of Aqaba to Amman and onto the desert highway bound for Iraq. The Jordanian monarch <ei1698>met</ei1698> this week with Saddam, but he <ei1699>told</ei1699> reporters he had no message from Baghdad. ``I am not talking on behalf of anyone in the area... but myself,'' Hussein <ei1703>said</ei1703>. In the United Nations, Libya <ei1704>called</ei1704> for the replacement of U.S. forces in the Persian Gulf with Arab League forces and U.N. soldiers. Libyan leader Moammar Gadhafi, in a letter to the U.N. Secretary-General, also <ei1706>called</ei1706> for an emergency Security Council meeting in Geneva to remove U.S. forces. There was no decision on a meeting. Thirty-two of the 159 U.N. members had <ei1711>filed</ei1711> compliance reports by Wednesday, and all were <ei1712>honoring</ei1712> the sanctions against Iraq. Also Thursday, Saudi Arabia <ei1714>called</ei1714> for an emergency conference of the Organization of Petroleum Exporting Countries to <ei1716>discuss</ei1716> how much oil to pump. The minister <ei1718>denied</ei1718> the kingdom had notified any of its customers of any cutbacks in oil supply. Reports attributed to the Japanese foreign ministry <ei1721>said</ei1721> Saudi Arabia <ei1722>told</ei1722> U.S., European and Japanese oil companies of a 15-20 percent cutback in its oil supply in September. Meanwhile, Egypt's official Middle East News Agency <ei1724>said</ei1724> Thursday that Saddam was the target of an assassination attempt, which <ei1728>led</ei1728> to ``large-scale'' arrests, including some close associates of the Iraqi strongman. The agency <ei1730>quoted</ei1730> witnesses as saying tanks and armored cars are patrolling the streets of Baghdad. There was no independent confirmation of the report by the government-run news agency, which did not say when the reported attempt <ei1738>occurred</ei1738>. | [
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matres | wsj_0768 | {
"id": "t0",
"text": "10/27/89"
} | Billions of investors' dollars are pouring out of the nation's junk-bond mutual funds, undermining a pillar of support in the already reeling junk market. Last week alone, an eye-popping $1.6 billion flowed out of the junk funds, or nearly 5% of their total assets, according to estimates by Dalbar Financial Services Inc., a Boston research firm. In the past two months the nation's 88 junk funds have lost a total of about $6 billion -- more than 15% of assets -- through sales or transfers of junk-fund shares, Dalbar says. It made the estimates based on data collected from more than a dozen big junk funds. Interviews with three major fund groups -- Fidelity Investments, Vanguard Group Inc. and T. Rowe Price Associates Inc. -- confirm the trend. Their junk funds combined have had net outflows totaling nearly $500 million, or about 13% of their junk fund assets, in the past two months. Some fund managers say negative publicity has exacerbated investors' concern about recent declines in junk-bond prices. "People have been seeing headline after headline after headline and saying: `I can't take it anymore -- I'm getting out,'" says Kurt Brouwer of Brouwer & Janachowski, a San Francisco investment adviser. The withdrawals could spell trouble for the $200 billion junk market. If the heavy outflows continue, fund managers will face increasing pressure to sell off some of their junk to pay departing investors in the weeks ahead. Such selling could erode prices of high-yield junk bonds, already weakened by a rash of corporate credit problems. Mutual fund groups haven't lost control of much of the outgoing money, says Louis Harvey, Dalbar's president. Mutual fund officials say that investors have transferred most of it into their money market accounts, and to a lesser extent, government-bond funds. So the impact on the $950 billion mutual fund industry as a whole probably will be slight. But tremors are likely in the junk-bond market, which has helped to finance the takeover boom of recent years. Mutual funds are among the largest holders of junk, accounting for more than a quarter of the entire high-yield, high-risk market. The 88 mutual funds investing solely in junk bonds hold assets of about $32 billion. Other funds hold a smattering of junk bonds, too. The $1.5 billion Fidelity High Income Fund has had a net outflow of about $150 million in the past two months. About $60 million streamed out last week alone, double the level of the week following last month's Campeau Corp. credit squeeze. About 98% of the outflow was transferred to other Fidelity funds, says Neal Litvack, a Fidelity vice president, marketing, with most going into money market funds. "You get a news item, it hits, you have strong redemptions that day and for two days following -- then go back to normal," says Mr. Litvack. The fund, with a cash cushion of more than 10%, has met all the redemptions without having to sell one thing," Mr. Litvack says. He adds: "Our fund has had positive net sales every month for the last three years -- until this month." Vanguard's $1 billion High Yield Bond Portfolio has seen $161 million flow out since early September; $14 million of that seeped out Friday, October 13 alone. Still, two-thirds of the outflow has been steered into other Vanguard portfolios, says Brian Mattes, a vice president. The fund now holds a cash position of about 15%. At the $932 million T. Rowe Price High Yield Fund, investors yanked out about $182 million in the past two months. Those withdrawals, most of which were transferred to other T. Rowe Price funds, followed little change in the fund's sales picture this year through August. "The last two months have been the whole ball game," says Steven Norwitz, a vice president. Junk-fund holders have barely broken even this year, as fat interest payments barely managed to offset declining prices. Through October 19, high-yield funds had an average 0.85% total return (the price change plus dividends on fund shares), according to Lipper Analytical Services Inc. That's even less than the 4.35% total return of the Merrill Lynch High-Yield Index. Fidelity's junk fund has fallen 2.08% this year through October 19, Lipper says; the Vanguard fund rose 1.84%; and the T. Rowe Price fund edged up 0.66%. People who remain in junk funds now could get hit again, some analysts and fund specialists say. Many funds in recent weeks and months have been selling their highest-quality junk issues, such as RJR Nabisco, to raise cash to meet expected redemptions. Funds might be forced to accept lower prices if they expand their selling to the securities of less-creditworthy borrowers. And then, asset values of the funds could plunge more than they have so far. Says Michael Hirsch, chief investment officer of Republic National Bank and manager of the FundTrust Group in New York: "It's a time bomb just waiting to go off." | Billions of investors' dollars are <ei2578>pouring</ei2578> out of the nation's junk-bond mutual funds, <ei2579>undermining</ei2579> a pillar of support in the already reeling junk market. Last week alone, an eye-popping $1.6 billion <ei2580>flowed</ei2580> out of the junk funds, or nearly 5% of their total assets, <ei2581>according</ei2581> to estimates by Dalbar Financial Services Inc., a Boston research firm. In the past two months the nation's 88 junk funds have <ei2582>lost</ei2582> a total of about $6 billion -- more than 15% of assets -- through sales or transfers of junk-fund shares, Dalbar <ei2585>says</ei2585>. It made the estimates based on data collected from more than a dozen big junk funds. Interviews with three major fund groups -- Fidelity Investments, Vanguard Group Inc. and T. Rowe Price Associates Inc. -- confirm the trend. Their junk funds combined have had net outflows totaling nearly $500 million, or about 13% of their junk fund assets, in the past two months. Some fund managers <ei2590>say</ei2590> negative publicity has <ei2591>exacerbated</ei2591> investors' concern about recent declines in junk-bond prices. "People have been seeing headline after headline after headline and saying: `I can't take it anymore -- I'm getting out,'" <ei2593>says</ei2593> Kurt Brouwer of Brouwer & Janachowski, a San Francisco investment adviser. The withdrawals could spell trouble for the $200 billion junk market. If the heavy outflows continue, fund managers will face increasing pressure to sell off some of their junk to pay departing investors in the weeks ahead. Such selling could erode prices of high-yield junk bonds, already <ei2605>weakened</ei2605> by a rash of corporate credit problems. Mutual fund groups haven't lost control of much of the outgoing money, <ei2608>says</ei2608> Louis Harvey, Dalbar's president. Mutual fund officials <ei2609>say</ei2609> that investors have <ei2610>transferred</ei2610> most of it into their money market accounts, and to a lesser extent, government-bond funds. So the impact on the $950 billion mutual fund industry as a whole probably will be slight. But tremors are likely in the junk-bond market, which has <ei2612>helped</ei2612> to <ei2613>finance</ei2613> the takeover boom of recent years. Mutual funds are among the largest holders of junk, accounting for more than a quarter of the entire high-yield, high-risk market. The 88 mutual funds investing solely in junk bonds hold assets of about $32 billion. Other funds hold a smattering of junk bonds, too. The $1.5 billion Fidelity High Income Fund has had a net outflow of about $150 million in the past two months. About $60 million <ei2616>streamed</ei2616> out last week alone, double the level of the week following last month's Campeau Corp. credit squeeze. About 98% of the outflow was <ei2620>transferred</ei2620> to other Fidelity funds, <ei2621>says</ei2621> Neal Litvack, a Fidelity vice president, marketing, with most <ei2622>going</ei2622> into money market funds. "You get a news item, it hits, you have strong redemptions that day and for two days following -- then go back to normal," <ei2623>says</ei2623> Mr. Litvack. The fund, with a cash cushion of more than 10%, has met all the redemptions without having to sell one thing," Mr. Litvack says. He <ei2627>adds</ei2627>: "Our fund has had positive net sales every month for the last three years -- until this month." Vanguard's $1 billion High Yield Bond Portfolio has <ei2629>seen</ei2629> $161 million flow out since early September; $14 million of that <ei2631>seeped</ei2631> out Friday, October 13 alone. Still, two-thirds of the outflow has been <ei2633>steered</ei2633> into other Vanguard portfolios, <ei2634>says</ei2634> Brian Mattes, a vice president. The fund now <ei2635>holds</ei2635> a cash position of about 15%. At the $932 million T. Rowe Price High Yield Fund, investors <ei2636>yanked</ei2636> out about $182 million in the past two months. Those withdrawals, most of which were <ei2638>transferred</ei2638> to other T. Rowe Price funds, followed little change in the fund's sales picture this year through August. "The last two months have been the whole ball game," <ei2641>says</ei2641> Steven Norwitz, a vice president. Junk-fund holders have barely <ei2642>broken</ei2642> even this year, as fat interest payments barely <ei2643>managed</ei2643> to offset declining prices. Through October 19, high-yield funds <ei2644>had</ei2644> an average 0.85% total return (the price change plus dividends on fund shares), <ei2645>according</ei2645> to Lipper Analytical Services Inc. That's even less than the 4.35% total return of the Merrill Lynch High-Yield Index. Fidelity's junk fund has <ei2646>fallen</ei2646> 2.08% this year through October 19, Lipper <ei2647>says</ei2647>; the Vanguard fund <ei2648>rose</ei2648> 1.84%; and the T. Rowe Price fund <ei2649>edged</ei2649> up 0.66%. People who remain in junk funds now could get hit again, some analysts and fund specialists <ei2653>say</ei2653>. Many funds in recent weeks and months have been <ei2654>selling</ei2654> their highest-quality junk issues, such as RJR Nabisco, to <ei2655>raise</ei2655> cash to meet expected redemptions. Funds might be forced to accept lower prices if they expand their selling to the securities of less-creditworthy borrowers. And then, asset values of the funds could plunge more than they have so far. Says Michael Hirsch, chief investment officer of Republic National Bank and manager of the FundTrust Group in New York: "It's a time bomb just waiting to go off." | [
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matres | wsj_0151 | {
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} | Intelogic Trace Inc., San Antonio, Texas, said it bought 2.7 million shares, or about 18%, of its common stock from an unaffiliated shareholder for $3.625 a share, or $9.9 million. The move boosts Intelogic Chairman Asher Edelman's stake to 20% from 16.2% and may help prevent Martin Ackerman from making a run at the computer-services company. Mr. Ackerman already is seeking to oust Mr. Edelman as chairman of Datapoint Corp., an Intelogic affiliate. The action followed by one day an Intelogic announcement that it will retain an investment banker to explore alternatives "to maximize shareholder value," including the possible sale of the company. In New York Stock Exchange composite trading yesterday, Intelogic shares rose 37.5 cents to close at $2.75. Mr. Edelman declined to specify what prompted the recent moves, saying they are meant only to benefit shareholders when "the company is on a roll." He added, "This has nothing to do with Marty Ackerman and it is not designed, particularly, to take the company private." But Mr. Ackerman said the buyback, and the above-market price paid, proves that Mr. Edelman is running scared. | Intelogic Trace Inc., San Antonio, Texas, <ei297>said</ei297> it <ei298>bought</ei298> 2.7 million shares, or about 18%, of its common stock from an unaffiliated shareholder for $3.625 a share, or $9.9 million. The move <ei300>boosts</ei300> Intelogic Chairman Asher Edelman's stake to 20% from 16.2% and may help prevent Martin Ackerman from making a run at the computer-services company. Mr. Ackerman already is <ei306>seeking</ei306> to oust Mr. Edelman as chairman of Datapoint Corp., an Intelogic affiliate. The action <ei309>followed</ei309> by one day an Intelogic announcement that it will retain an investment banker to explore alternatives "to maximize shareholder value," including the possible sale of the company. In New York Stock Exchange composite trading yesterday, Intelogic shares <ei315>rose</ei315> 37.5 cents to <ei316>close</ei316> at $2.75. Mr. Edelman <ei317>declined</ei317> to specify what <ei319>prompted</ei319> the recent moves, <ei321>saying</ei321> they are meant only to benefit shareholders when "the company is on a roll." He <ei325>added</ei325>, "This has nothing to do with Marty Ackerman and it is not designed, particularly, to take the company private." But Mr. Ackerman <ei329>said</ei329> the buyback, and the above-market price <ei331>paid</ei331>, <ei332>proves</ei332> that Mr. Edelman is running scared. | [
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matres | NYT19980206.0460 | {
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"text": "02/06/1998 22:19:00"
} | WASHINGTON _ The economy created jobs at a surprisingly robust pace in January, the government reported on Friday, evidence that America's economic stamina has withstood any disruptions caused so far by the financial tumult in Asia. The Bureau of Labor Statistics said the economy added 358,000 jobs last month, far above the 235,000 forecast by economists. It was the third consecutive month that job generation has been exceptionally strong. With growing opportunities for work drawing more people into the labor force, the unemployment rate remained at 4.7 percent last month, just a notch above its quarter-century low. The demand for workers also led employers to raise wages again last month. Average hourly earnings of production and nonsupervisory employees rose 4 cents, to $12.51. The gain left wages 3.8 percent higher than a year earlier, extending a trend that has given back to workers some of the earning power they lost to inflation in the last decade. But economists said the wage increase was not enough to raise any concerns about higher inflation. And because the Federal Reserve has made clear that it expects the economy to slow in coming months as ripple effects from Asia reach the United States, investors disregarded the large jobs gains, betting that neither a rise in interest rates nor resurgent inflation is looming. Stocks rose, pushing the Dow Jones industrial average up 72.24 points, to 8,189.49, leaving the index within 70 points of its record high set on Aug. 6. In the bond market, a sensitive barometer of inflation anxiety, prices edged up, pushing down the yield on the benchmark 30-year Treasury bond to 5.92 percent from 5.93 percent. ``Job creation is sturdy and we have effective price stability,'' said Paul McCulley, an economist at UBS Securities. ``The bottom line is that we've got a lovely economy.'' With potential inflation counterbalanced by worries about possible price declines, the Fed and its chairman, Alan Greenspan, have suggested that they intend to keep interest rates unchanged until the economy tilts clearly in one direction or another. The job figures for January extended a surge in employment gains that began last fall, just when the labor market had shown signs of cooling. After accounting for a small downward revision Friday to December's figures, the economy has been creating jobs at a rate of 358,000 a month for the last four months _ and 381,000 over the last three months _ after averaging 242,000 for the first nine months of 1997. The surge in jobs reflects a remarkable confluence of positive and self-reinforcing economic forces. Inflation has been almost nonexistent, and consumer confidence has been extremely strong. After a short, sharp drop when Asia's financial problems first became clear, the stock market has rebounded and corporate profits have remained healthy. Long-term interest rates, an important indicator of economic stability, have fallen in the last few months. Lower rates have helped invigorate housing and other interest-sensitive sectors of the economy by making loans more affordable, and have allowed companies to continue investing heavily in more efficient equipment. The likelihood that the federal budget will soon move from deficit into surplus has further improved the outlook. The less money the government needs to borrow, the more is freed for private investment. President Clinton welcomed the job figures at a news conference Friday. His advisers said the results reflected not just from balancing the budget, but also initiatives like improved access to education and training and the opening of foreign markets to trade. ``There are enormous economic and social benefits from our nation's high-employment economy,'' said Janet Yellen, the chairwoman of the White House's Council of Economic Advisers. Some of the biggest employment gains came in the construction industry, which added 92,000 jobs in January. The increase reflected the strength of the housing industry, which has been helped not just by declining interest rates but also by unusually warm weather. Service industries also showed solid job gains, as did manufacturers, two areas expected to be hardest hit when the effects of the Asian crisis hit the American economy. The major harm from Asia is likely to come from the plunge in the value of many Asian currencies relative to the dollar, a situation that is expected to lead to a surge of inexpensive imports into the United States, hurting American competitors. And the weakness of the Asian economies is also likely to lead to decreased demand for American exports. ``The economy has been running on the fumes of the strength from before the Asia shock,'' McCulley said. ``Those fumes will exhaust themselves, and the manufacturing sector is going to start getting beat up in the spring.'' The figures showed the unemployment rate for adult men declined to 3.8 percent last month from 4.1 percent in December, the lowest figure for almost two decades. The rate for adult women rose 0.4 percent, to 4.4 percent. For the first time, the Labor Department broke out unemployment by education level as well as gender, age and race. The analysis showed unemployment rates dropped steadily with higher levels of education. Among people with less than a high school education, the rate in January was 7.2 percent. Among high school graduates, the rate was 3.9 percent, and college graduates, 1.9 percent. | WASHINGTON _ The economy <ei2184>created</ei2184> jobs at a surprisingly robust pace in January, the government <ei2185>reported</ei2185> on Friday, evidence that America's economic stamina has <ei2186>withstood</ei2186> any disruptions <ei2188>caused</ei2188> so far by the financial tumult in Asia. The Bureau of Labor Statistics <ei2190>said</ei2190> the economy <ei2191>added</ei2191> 358,000 jobs last month, far above the 235,000 forecast by economists. It was the third consecutive month that job generation has been exceptionally strong. With growing opportunities for work <ei2193>drawing</ei2193> more people into the labor force, the unemployment rate <ei2194>remained</ei2194> at 4.7 percent last month, just a notch above its quarter-century low. The demand for workers also <ei2196>led</ei2196> employers to <ei2197>raise</ei2197> wages again last month. Average hourly earnings of production and nonsupervisory employees <ei2198>rose</ei2198> 4 cents, to $12.51. The gain <ei2199>left</ei2199> wages 3.8 percent higher than a year earlier, <ei2200>extending</ei2200> a trend that has <ei2202>given</ei2202> back to workers some of the earning power they <ei2203>lost</ei2203> to inflation in the last decade. But economists <ei2204>said</ei2204> the wage increase was not enough to raise any concerns about higher inflation. And because the Federal Reserve has <ei2207>made</ei2207> clear that it expects the economy to <ei2209>slow</ei2209> in coming months as ripple effects from Asia reach the United States, investors <ei2211>disregarded</ei2211> the large jobs gains, <ei2212>betting</ei2212> that neither a rise in interest rates nor resurgent inflation is looming. Stocks <ei2216>rose</ei2216>, pushing the Dow Jones industrial average up 72.24 points, to 8,189.49, <ei2218>leaving</ei2218> the index within 70 points of its record high set on Aug. 6. In the bond market, a sensitive barometer of inflation anxiety, prices <ei2220>edged</ei2220> up, <ei2221>pushing</ei2221> down the yield on the benchmark 30-year Treasury bond to 5.92 percent from 5.93 percent. ``Job creation is sturdy and we have effective price stability,'' <ei2223>said</ei2223> Paul McCulley, an economist at UBS Securities. ``The bottom line is that we've got a lovely economy.'' With potential inflation <ei2224>counterbalanced</ei2224> by worries about possible price declines, the Fed and its chairman, Alan Greenspan, have <ei2226>suggested</ei2226> that they intend to keep interest rates unchanged until the economy tilts clearly in one direction or another. The job figures for January <ei2230>extended</ei2230> a surge in employment gains that <ei2233>began</ei2233> last fall, just when the labor market had <ei2234>shown</ei2234> signs of cooling. After accounting for a small downward revision Friday to December's figures, the economy has been creating jobs at a rate of 358,000 a month for the last four months _ and 381,000 over the last three months _ after <ei2238>averaging</ei2238> 242,000 for the first nine months of 1997. The surge in jobs <ei2239>reflects</ei2239> a remarkable confluence of positive and self-reinforcing economic forces. Inflation has been almost nonexistent, and consumer confidence has been extremely strong. After a short, sharp drop when Asia's financial problems first <ei2241>became</ei2241> clear, the stock market has <ei2242>rebounded</ei2242> and corporate profits have <ei2243>remained</ei2243> healthy. Long-term interest rates, an important indicator of economic stability, have <ei2244>fallen</ei2244> in the last few months. Lower rates have <ei2245>helped</ei2245> invigorate housing and other interest-sensitive sectors of the economy by <ei2247>making</ei2247> loans more affordable, and have <ei2248>allowed</ei2248> companies to continue <ei2250>investing</ei2250> heavily in more efficient equipment. The likelihood that the federal budget will soon move from deficit into surplus has further <ei2252>improved</ei2252> the outlook. The less money the government needs to borrow, the more is freed for private investment. President Clinton <ei2253>welcomed</ei2253> the job figures at a news conference Friday. His advisers <ei2255>said</ei2255> the results <ei2256>reflected</ei2256> not just from balancing the budget, but also initiatives like improved access to education and training and the opening of foreign markets to trade. ``There are enormous economic and social benefits from our nation's high-employment economy,'' said Janet Yellen, the chairwoman of the White House's Council of Economic Advisers. Some of the biggest employment gains <ei2259>came</ei2259> in the construction industry, which <ei2260>added</ei2260> 92,000 jobs in January. The increase <ei2261>reflected</ei2261> the strength of the housing industry, which has been <ei2262>helped</ei2262> not just by declining interest rates but also by unusually warm weather. Service industries also <ei2263>showed</ei2263> solid job gains, as did manufacturers, two areas expected to be hardest hit when the effects of the Asian crisis <ei2266>hit</ei2266> the American economy. The major harm from Asia is likely to come from the plunge in the value of many Asian currencies relative to the dollar, a situation that is expected to lead to a surge of inexpensive imports into the United States, <ei2272>hurting</ei2272> American competitors. And the weakness of the Asian economies is also likely to lead to decreased demand for American exports. ``The economy has been <ei2276>running</ei2276> on the fumes of the strength from before the Asia shock,'' McCulley <ei2277>said</ei2277>. ``Those fumes will exhaust themselves, and the manufacturing sector is going to start getting beat up in the spring.'' The figures <ei2281>showed</ei2281> the unemployment rate for adult men <ei2282>declined</ei2282> to 3.8 percent last month from 4.1 percent in December, the lowest figure for almost two decades. The rate for adult women <ei2283>rose</ei2283> 0.4 percent, to 4.4 percent. For the first time, the Labor Department <ei2284>broke</ei2284> out unemployment by education level as well as gender, age and race. The analysis <ei2285>showed</ei2285> unemployment rates <ei2286>dropped</ei2286> steadily with higher levels of education. Among people with less than a high school education, the rate in January was 7.2 percent. Among high school graduates, the rate was 3.9 percent, and college graduates, 1.9 percent. | [
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matres | wsj_0124 | {
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} | William C. Walbrecher Jr., an executive at San Francisco-based First Nationwide Bank, was named president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank. The appointment takes effect November 13. He succeeded James A. Taylor, who stepped down as chairman, president, and chief executive in March for health reasons. Edward L. Kane succeeded Mr. Taylor as chairman. Separately, Citadel posted a third-quarter net loss of $2.3 million, or 68 cents a share, versus net income of $5.3 million, or $1.61 a share, a year earlier. The latest results included some unusual write-downs, which had an after-tax impact of $4.9 million. Those included costs associated with the potential Valley Federal Savings and Loan Association acquisition, which was terminated on September 27, 1989. In addition, operating results were hit by an increase in loan and real estate loss reserves. In American Stock Exchange composite trading, Citadel shares closed yesterday at $45.75, down 25 cents. | William C. Walbrecher Jr., an executive at San Francisco-based First Nationwide Bank, was <ei307>named</ei307> president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank. The appointment <ei311>takes</ei311> effect November 13. He <ei313>succeeded</ei313> James A. Taylor, who <ei314>stepped</ei314> down as chairman, president, and chief executive in March for health reasons. Edward L. Kane succeeded Mr. Taylor as chairman. Separately, Citadel <ei320>posted</ei320> a third-quarter net loss of $2.3 million, or 68 cents a share, versus net income of $5.3 million, or $1.61 a share, a year earlier. The latest results <ei324>included</ei324> some unusual write-downs, which had an after-tax impact of $4.9 million. Those <ei326>included</ei326> costs associated with the potential Valley Federal Savings and Loan Association acquisition, which was <ei328>terminated</ei328> on September 27, 1989. In addition, operating results were <ei330>hit</ei330> by an increase in loan and real estate loss reserves. In American Stock Exchange composite trading, Citadel shares <ei332>closed</ei332> yesterday at $45.75, down 25 cents. | [
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matres | wsj_0713 | {
"id": "t0",
"text": "10/27/89"
} | West German and French authorities have cleared Dresdner Bank AG's takeover of a majority stake in Banque Internationale de Placement (BIP), Dresdner Bank said. The approval, which had been expected, permits West Germany's second-largest bank to acquire shares of the French investment bank. In a first step, Dresdner Bank will buy 32.99% of BIP for 1,015 French francs ($162) a share, or 528 million francs ($84.7 million). Dresdner Bank said it will also buy all shares tendered by shareholders on the Paris Stock Exchange at the same price from today through November 17. In addition, the bank has an option to buy a 30.84% stake in BIP from Societe Generale after January 1, 1990 at 1,015 francs a share. | West German and French authorities have <ei120>cleared</ei120> Dresdner Bank AG's takeover of a majority stake in Banque Internationale de Placement (BIP), Dresdner Bank <ei122>said</ei122>. The approval, which had been <ei124>expected</ei124>, <ei125>permits</ei125> West Germany's second-largest bank to acquire shares of the French investment bank. In a first step, Dresdner Bank will <ei127>buy</ei127> 32.99% of BIP for 1,015 French francs ($162) a share, or 528 million francs ($84.7 million). Dresdner Bank <ei128>said</ei128> it will also buy all shares <ei130>tendered</ei130> by shareholders on the Paris Stock Exchange at the same price from today through November 17. In addition, the bank <ei131>has</ei131> an option to buy a 30.84% stake in BIP from Societe Generale after January 1, 1990 at 1,015 francs a share. | [
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matres | wsj_1003 | {
"id": "t0",
"text": "10/26/89"
} | Bethlehem Steel Corp., hammered by higher costs and lower shipments to key automotive and service-center customers, posted a 54% drop in third-quarter profit. Separately, two more of the nation's top steelmakers -- Armco Inc. and National Intergroup Inc. -- reported lower operating earnings in their steel businesses, marking what is generally believed to be the end of a two-year boom in the industry. Wall Street analysts expect the disappointing trend to continue into the fourth quarter and through at least the first two quarters of 1990, when the industry will increasingly see the effect of price erosion in major product lines, such as rolled sheet used for cars, appliances and construction. "It doesn't bode well for coming quarters," said John Jacobson, who follows the steel industry for AUS Consultants. In fact, he thinks several steelmakers will report actual losses through the third quarter of 1990. Bethlehem, the nation's second largest steelmaker, earned $46.9 million, or 54 cents a share. The figures include $15 million in costs related to a blast furnace outage and $8 million in losses from unauthorized work outages at the company's coal operations. In the year-ago period, Bethlehem earned $101.4 million, or $1.27 a share, including a $3.8 million gain from early retirement of debt. Third-quarter sales dropped 11% to $1.27 billion from $1.43 billion a year ago. In composite trading on the New York Stock Exchange, Bethlehem shares rose 50 cents to $17.375. Of all the major steelmakers, Bethlehem would seem to be the most vulnerable to a slowdown. It hasn't diversified beyond steel, nor has it linked up with a joint venture partner to share costs and risks. However, in spite of the difficult industrywide environment of high cost and low volume, Bethlehem "had pretty good earnings numbers," said Michelle Galanter Applebaum, an analyst with Salomon Brothers Inc. Ms. Applebaum had estimated third-quarter earnings of 55 cents a share, but said the losses for the unusual items were larger than expected. Still, Bethlehem's core basic steel operations experienced a steep drop in operating profit to $58.6 million from $186.4 million a year ago, when the industry enjoyed strong demand and pricing. The company said its shipments declined as a result of a reduction in inventories by service centers, a lackluster automotive market and increasing competitive pressures in the construction market. At the same time, production costs, compared with a year ago, were boosted by higher raw material and employment costs, which resulted from the company's new labor pact effective June 1. "We anticipate that steel market conditions will exhibit a further moderate decline in the fourth quarter as the automotive sector remains weak and customers continue to adjust inventories," said Bethlehem Chairman Walter F. Williams. He noted, however, that the company's order entry has increased from the low levels of the early summer, following the end of labor negotiations. Armco Steel business, said third-quarter net income dropped 8% to $33 million, or 35 cents a share, from $36 million, or 39 cents a share in the year-ago quarter. Sales dropped to $441.1 million from $820.4 million, because the company no longer consolidates its Eastern Steel division, which is now a joint venture with Kawasaki Steel Corp. Along with reduced volume, analysts said the nation's fifth largest steelmaker was hurt by holding higher-cost inventory when raw material costs of such key products as nickel dropped. Operating profit dropped 46% in its specialty flat-rolled steel segment. Moreover, the company said higher sales and shipments to service centers from its Armco Steel Co. joint venture failed to offset weakness in the automotive market, higher production costs and a poorer product mix. Armco shares closed unchanged at $10.625 in composite trading on the New York Stock Exchange. National Intergroup, which owns 50% of the nation's sixth largest steelmaker -- National Steel Corp. -- posted net income for the fiscal second-quarter of $8.6 million, or 33 cents a share, compared with a net loss of $50.3 million. Sales increased in the quarter ended Sept. 30 to $747.8 million from $623.5 million a year ago. The latest period includes gains of $9.1 million from early retirement of debt and tax loss carry-forward. Last year's results were hurt by $41.3 million in restructuring charges. National Intergroup stock closed at $15, unchanged in composite trading on the New York Stock Exchange. The company noted that its Fox-Meyer Drug Co., Ben Franklin Stores Inc. and Permian Corp. operations showed improvements as a result of restructuring moves. However, its equity in the net income of National Steel declined to $6.3 million from $10.9 million as a result of softer demand and lost orders following prolonged labor talks and a threatened strike. National Intergroup is negotiating for the sale of its 50% interest in National Steel to concentrate more fully on drug distribution operations. | Bethlehem Steel Corp., <ei929>hammered</ei929> by higher costs and lower shipments to key automotive and service-center customers, <ei930>posted</ei930> a 54% drop in third-quarter profit. Separately, two more of the nation's top steelmakers -- Armco Inc. and National Intergroup Inc. -- <ei932>reported</ei932> lower operating earnings in their steel businesses, <ei933>marking</ei933> what is generally believed to be the end of a two-year boom in the industry. Wall Street analysts <ei937>expect</ei937> the disappointing trend to continue into the fourth quarter and through at least the first two quarters of 1990, when the industry will increasingly see the effect of price erosion in major product lines, such as rolled sheet used for cars, appliances and construction. "It doesn't bode well for coming quarters," <ei944>said</ei944> John Jacobson, who follows the steel industry for AUS Consultants. In fact, he <ei945>thinks</ei945> several steelmakers will report actual losses through the third quarter of 1990. Bethlehem, the nation's second largest steelmaker, <ei948>earned</ei948> $46.9 million, or 54 cents a share. The figures <ei949>include</ei949> $15 million in costs related to a blast furnace outage and $8 million in losses from unauthorized work outages at the company's coal operations. In the year-ago period, Bethlehem <ei953>earned</ei953> $101.4 million, or $1.27 a share, including a $3.8 million gain from early retirement of debt. Third-quarter sales <ei957>dropped</ei957> 11% to $1.27 billion from $1.43 billion a year ago. In composite trading on the New York Stock Exchange, Bethlehem shares <ei960>rose</ei960> 50 cents to $17.375. Of all the major steelmakers, Bethlehem would <ei962>seem</ei962> to be the most vulnerable to a slowdown. It hasn't diversified beyond steel, nor has it linked up with a joint venture partner to share costs and risks. However, in spite of the difficult industrywide environment of high cost and low volume, Bethlehem "<ei968>had</ei968> pretty good earnings numbers," <ei969>said</ei969> Michelle Galanter Applebaum, an analyst with Salomon Brothers Inc. Ms. Applebaum had <ei970>estimated</ei970> third-quarter earnings of 55 cents a share, but <ei971>said</ei971> the losses for the unusual items were larger than <ei974>expected</ei974>. Still, Bethlehem's core basic steel operations <ei975>experienced</ei975> a steep drop in operating profit to $58.6 million from $186.4 million a year ago, when the industry <ei979>enjoyed</ei979> strong demand and pricing. The company <ei982>said</ei982> its shipments <ei983>declined</ei983> as a result of a reduction in inventories by service centers, a lackluster automotive market and <ei985>increasing</ei985> competitive pressures in the construction market. At the same time, production costs, compared with a year ago, were <ei986>boosted</ei986> by higher raw material and employment costs, which <ei987>resulted</ei987> from the company's new labor pact effective June 1. "We <ei990>anticipate</ei990> that steel market conditions will exhibit a further moderate decline in the fourth quarter as the automotive sector <ei993>remains</ei993> weak and customers <ei994>continue</ei994> to <ei995>adjust</ei995> inventories," <ei996>said</ei996> Bethlehem Chairman Walter F. Williams. He <ei997>noted</ei997>, however, that the company's order entry has <ei998>increased</ei998> from the low levels of the early summer, <ei999>following</ei999> the end of labor negotiations. Armco Steel business, <ei1001>said</ei1001> third-quarter net income <ei1002>dropped</ei1002> 8% to $33 million, or 35 cents a share, from $36 million, or 39 cents a share in the year-ago quarter. Sales <ei1005>dropped</ei1005> to $441.1 million from $820.4 million, because the company no longer consolidates its Eastern Steel division, which is now a joint venture with Kawasaki Steel Corp. Along with reduced volume, analysts <ei1011>said</ei1011> the nation's fifth largest steelmaker was <ei1012>hurt</ei1012> by <ei1013>holding</ei1013> higher-cost inventory when raw material costs of such key products as nickel <ei1014>dropped</ei1014>. Operating profit <ei1015>dropped</ei1015> 46% in its specialty flat-rolled steel segment. Moreover, the company <ei1016>said</ei1016> higher sales and shipments to service centers from its Armco Steel Co. joint venture <ei1017>failed</ei1017> to offset weakness in the automotive market, higher production costs and a poorer product mix. Armco shares <ei1019>closed</ei1019> unchanged at $10.625 in composite trading on the New York Stock Exchange. National Intergroup, which <ei1021>owns</ei1021> 50% of the nation's sixth largest steelmaker -- National Steel Corp. -- <ei1022>posted</ei1022> net income for the fiscal second-quarter of $8.6 million, or 33 cents a share, compared with a net loss of $50.3 million. Sales <ei1024>increased</ei1024> in the quarter <ei1025>ended</ei1025> Sept. 30 to $747.8 million from $623.5 million a year ago. The latest period <ei1028>includes</ei1028> gains of $9.1 million from early retirement of debt and tax loss carry-forward. Last year's results were <ei1032>hurt</ei1032> by $41.3 million in restructuring charges. 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matres | wsj_0786 | {
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"text": "10/27/89"
} | IMA Holdings Corp. completed its $3 billion acquisition of American Medical International Inc., purchasing 63 million shares, or 86%, of the Los Angeles-based health-care services concern for $26.50 a share. The price also includes the assumption of about $1.4 billion in debt. IMA is a group that includes First Boston Corp. and the Pritzker family of Chicago through the leveraged buy-out fund Harry Gray Melvyn Klein & Partners. Harry J. Gray and Melvyn N. Klein, along with five other IMA designees, were named to join American Medical's 10-member board. The completion of the merger agreement follows months of twists and turns. In January, American Medical brought in a new chief executive officer, Richard A. Gilleland, 45, who will remain as chairman, president, and chief executive. A few days later, American Medical announced sharply lower earnings, taking charges of $24 million for insurance reserves and canceled real estate leases. In March, American Medical received a $24-a-share offer to take the company private from an investor group including large holder M. Lee Pearce. It also was considering a restructuring to help boost the stock price. A group including several members of the Bass family of Texas urged the company to take some steps to maximize shareholder value. The following month, the company put itself up for sale. It received more offers, but the auction was surprisingly won by IMA, which bid $28 a share and asked Mr. Gilleland to stay on as an equity participant. He indicated that some assets might be sold to service the debt. Then, after extending its offer four times while waiting for a congressional tax ruling, IMA early this month lowered its offer to $26.50 a share amid turbulence in the junk bond market. American Medical accepted the offer, meanwhile indicating it had heard from two other suitors. But they never materialized, and IMA completed the purchase yesterday. Other new board members include John S. Harrison and Mark A. Adley of First Boston, James F. Lyons, William S. Goldberg, and Harold S. Handelsman. | IMA Holdings Corp. <ei386>completed</ei386> its $3 billion acquisition of American Medical International Inc., <ei388>purchasing</ei388> 63 million shares, or 86%, of the Los Angeles-based health-care services concern for $26.50 a share. The price also includes the assumption of about $1.4 billion in debt. IMA is a group that includes First Boston Corp. and the Pritzker family of Chicago through the leveraged buy-out fund Harry Gray Melvyn Klein & Partners. Harry J. Gray and Melvyn N. Klein, along with five other IMA designees, were named to join American Medical's 10-member board. The completion of the merger agreement follows months of twists and turns. In January, American Medical <ei396>brought</ei396> in a new chief executive officer, Richard A. Gilleland, 45, who will <ei397>remain</ei397> as chairman, president, and chief executive. A few days later, American Medical <ei398>announced</ei398> sharply lower earnings, <ei400>taking</ei400> charges of $24 million for insurance reserves and canceled real estate leases. In March, American Medical <ei403>received</ei403> a $24-a-share offer to take the company private from an investor group including large holder M. Lee Pearce. It also was <ei406>considering</ei406> a restructuring to help boost the stock price. A group including several members of the Bass family of Texas <ei410>urged</ei410> the company to take some steps to maximize shareholder value. The following month, the company <ei413>put</ei413> itself up for sale. It <ei415>received</ei415> more offers, but the auction was surprisingly <ei418>won</ei418> by IMA, which <ei419>bid</ei419> $28 a share and <ei420>asked</ei420> Mr. Gilleland to stay on as an equity participant. He <ei422>indicated</ei422> that some assets might be sold to service the debt. Then, after <ei425>extending</ei425> its offer four times while <ei426>waiting</ei426> for a congressional tax ruling, IMA early this month <ei428>lowered</ei428> its offer to $26.50 a share amid turbulence in the junk bond market. American Medical accepted the offer, meanwhile <ei431>indicating</ei431> it had <ei432>heard</ei432> from two other suitors. But they never materialized, and IMA <ei434>completed</ei434> the purchase yesterday. Other new board members include John S. Harrison and Mark A. Adley of First Boston, James F. Lyons, William S. Goldberg, and Harold S. Handelsman. | [
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matres | wsj_0778 | {
"id": "t0",
"text": "10/27/89"
} | The government is sharpening its newest weapon against white-collar defendants: the power to prevent them from paying their legal bills. And defense lawyers are warning that they won't stick around if they don't get paid. The issue has come to a boil in Newark, N.J., where federal prosecutors have warned lawyers for Eddie Antar that if the founder and former chairman of Crazy Eddie Inc. is indicted, the government may move to seize the money that Mr. Antar is using to pay legal fees. The warning by the U.S. attorney's office follows two decisions by the U.S. Supreme Court last June. In those cases, the high court ruled that federal law gives prosecutors broad authority to seize assets of people accused of racketeering and drug-related crimes, including fees paid to lawyers before an indictment. If the government succeeds in seizing Mr. Antar's assets, he could be left without top-flight legal representation, because his attorneys are likely to quit, according to individuals familiar with the case. A seizure also would make the case the largest -- and one of the first -- in which lawyers' fees have been confiscated in a prosecution unrelated to drugs. "The people who suffer in the short run are defendants, but the people who suffer in the long run are all of the people, because there won't be a vigorous private bar to defend the Bill of Rights," says Gerald Lefcourt, a criminal defense attorney who says he has turned down a number of cases to avoid possible fee seizures. Mr. Antar is being investigated by a federal grand jury in Newark, where prosecutors have told him that they may soon seek an indictment on racketeering and securities fraud charges. Under the Racketeer Influenced and Corrupt Organizations law, or RICO, the government has the authority to seek to freeze or seize a defendant's assets before trial. According to individuals familiar with Mr. Antar's case, prosecutors issued their warning this week after one of Mr. Antar's attorneys asked whether legal fees might be subject to seizure. In a letter, prosecutors told Mr. Antar's lawyers that because of the recent Supreme Court rulings, they could expect that any fees collected from Mr. Antar may be seized. Prosecutors have told Mr. Antar's attorneys that they believe Mr. Antar's allegedly ill-gotten gains are so great that any money he has used to pay attorneys derives from illegal activities. Therefore, they said, the money can be taken from the lawyers even after they are paid. Justin Feldman and Jack Arseneault, attorneys for Mr. Antar, both declined to comment on the matter. In Newark, U.S. Attorney Samuel A. Alito said, "I don't think there's any legal reason to limit forfeiture of attorney's fees to drug cases." Mr. Alito said his office "just responded to an attorney's question about whether we would go after attorney's fees, and that is different from actually doing it, although we reserve that right." Mr. Antar was charged last month in a civil suit filed in federal court in Newark by the Securities and Exchange Commission. In that suit, the SEC accused Mr. Antar of engaging in a "massive financial fraud" to overstate the earnings of Crazy Eddie, Edison, N.J., over a three-year period. Through his lawyers, Mr. Antar has denied allegations in the SEC suit and in civil suits previously filed by shareholders against Mr. Antar and others. The SEC has alleged that Mr. Antar aimed to pump up the company's stock price through false financial statements in order to sell his stake and reap huge profits. Mr. Antar, the SEC said, made more than $60 million from the sale of his shares between 1985 and 1987. The Justice Department has emphasized that the government's fee-forfeiture power is to be used sparingly. According to department policy, prosecutors must make a strong showing that lawyers' fees came from assets tainted by illegal profits before any attempts at seizure are made. Still, criminal defense lawyers worry that defendants are being deprived of their Sixth Amendment right to counsel and a fair trial if the government can seize lawyers' fees. They also worry that if the government applies asset-forfeiture laws broadly, the best defense lawyers will be unwilling to take criminal cases unless they are assured of being paid. | The government is <ei1988>sharpening</ei1988> its newest weapon against white-collar defendants: the power to prevent them from paying their legal bills. And defense lawyers are <ei1992>warning</ei1992> that they won't stick around if they don't get paid. The issue has come to a boil in Newark, N.J., where federal prosecutors have <ei1995>warned</ei1995> lawyers for Eddie Antar that if the founder and former chairman of Crazy Eddie Inc. is <ei1996>indicted</ei1996>, the government may move to seize the money that Mr. Antar is <ei1999>using</ei1999> to pay legal fees. The warning by the U.S. attorney's office follows two decisions by the U.S. Supreme Court last June. In those cases, the high court <ei2003>ruled</ei2003> that federal law <ei2004>gives</ei2004> prosecutors broad authority to seize assets of people accused of racketeering and drug-related crimes, including fees paid to lawyers before an indictment. If the government succeeds in seizing Mr. Antar's assets, he could be left without top-flight legal representation, because his attorneys are likely to quit, <ei2011>according</ei2011> to individuals familiar with the case. A seizure also would make the case the largest -- and one of the first -- in which lawyers' fees have been confiscated in a prosecution unrelated to drugs. "The people who suffer in the short run are defendants, but the people who suffer in the long run are all of the people, because there won't be a vigorous private bar to defend the Bill of Rights," <ei2015>says</ei2015> Gerald Lefcourt, a criminal defense attorney who <ei2016>says</ei2016> he has <ei2017>turned</ei2017> down a number of cases to avoid possible fee seizures. Mr. Antar is being <ei2020>investigated</ei2020> by a federal grand jury in Newark, where prosecutors have <ei2021>told</ei2021> him that they may soon seek an indictment on racketeering and securities fraud charges. Under the Racketeer Influenced and Corrupt Organizations law, or RICO, the government <ei2024>has</ei2024> the authority to seek to freeze or seize a defendant's assets before trial. <ei2029>According</ei2029> to individuals familiar with Mr. Antar's case, prosecutors <ei2030>issued</ei2030> their warning this week after one of Mr. Antar's attorneys <ei2031>asked</ei2031> whether legal fees might be subject to seizure. In a letter, prosecutors <ei2034>told</ei2034> Mr. Antar's lawyers that because of the recent Supreme Court rulings, they could expect that any fees collected from Mr. Antar may be seized. Prosecutors have <ei2038>told</ei2038> Mr. Antar's attorneys that they <ei2039>believe</ei2039> Mr. Antar's allegedly ill-gotten gains are so great that any money he has used to pay attorneys <ei2040>derives</ei2040> from illegal activities. Therefore, they <ei2042>said</ei2042>, the money can be taken from the lawyers even after they are <ei2044>paid</ei2044>. Justin Feldman and Jack Arseneault, attorneys for Mr. Antar, both <ei2045>declined</ei2045> to comment on the matter. In Newark, U.S. Attorney Samuel A. Alito <ei2047>said</ei2047>, "I don't think there's any legal reason to limit forfeiture of attorney's fees to drug cases." Mr. Alito <ei2052>said</ei2052> his office "just <ei2053>responded</ei2053> to an attorney's question about whether we would go after attorney's fees, and that is different from actually doing it, although we <ei2056>reserve</ei2056> that right." Mr. Antar was <ei2058>charged</ei2058> last month in a civil suit <ei2060>filed</ei2060> in federal court in Newark by the Securities and Exchange Commission. In that suit, the SEC <ei2062>accused</ei2062> Mr. Antar of <ei2063>engaging</ei2063> in a "massive financial fraud" to <ei2065>overstate</ei2065> the earnings of Crazy Eddie, Edison, N.J., over a three-year period. Through his lawyers, Mr. Antar has <ei2066>denied</ei2066> allegations in the SEC suit and in civil suits previously <ei2070>filed</ei2070> by shareholders against Mr. Antar and others. The SEC has <ei2071>alleged</ei2071> that Mr. Antar aimed to <ei2073>pump</ei2073> up the company's stock price through false financial statements in order to sell his stake and reap huge profits. Mr. Antar, the SEC <ei2077>said</ei2077>, <ei2078>made</ei2078> more than $60 million from the sale of his shares between 1985 and 1987. The Justice Department has <ei2080>emphasized</ei2080> that the government's fee-forfeiture power is to be used sparingly. <ei2082>According</ei2082> to department policy, prosecutors must make a strong showing that lawyers' fees <ei2084>came</ei2084> from assets tainted by illegal profits before any attempts at seizure are made. 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3143
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393,
401
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644,
649
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},
{
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"offsets": [
4097,
4102
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matres | wsj_0736 | {
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} | Poughkeepsie Savings Bank said a plan to sell its South Carolina branch offices to First Citizens Bank, of Columbia, S.C., fell through. Poughkeepsie also expects to post a one-time charge of $8.3 million, resulting in a net loss for the third quarter. The charge represents a write-down of the goodwill associated with Poughkeepsie's investment in the banks it is trying to sell and its North Carolina branches as well. The thrift announced the plan on August 21. Among other reasons, high fees regulators imposed on certain transfers of thrift deposits to commercial banks "substantially altered the economics of the transaction for both parties," Poughkeepsie said. Additionally, the bank is increasing its loan-loss reserves for the third quarter by $8.5 million before taxes. In the year-earlier third quarter, Poughkeepsie Savings had net income of $2.8 million, or 77 cents a share. Poughkeepsie said it is continuing to try to sell itself, under a June agreement with a dissident shareholder group. The bank also said its effort would continue past the November 1 deadline set in that agreement and that the litigation between the two sides might resume as a result. The thrift and the shareholders had suspended their lawsuits as part of the agreement. | Poughkeepsie Savings Bank <ei282>said</ei282> a plan to sell its South Carolina branch offices to First Citizens Bank, of Columbia, S.C., <ei285>fell</ei285> through. Poughkeepsie also expects to post a one-time charge of $8.3 million, <ei288>resulting</ei288> in a net loss for the third quarter. The charge represents a write-down of the goodwill associated with Poughkeepsie's investment in the banks it is <ei290>trying</ei290> to sell and its North Carolina branches as well. The thrift <ei292>announced</ei292> the plan on August 21. Among other reasons, high fees regulators imposed on certain transfers of thrift deposits to commercial banks "substantially <ei294>altered</ei294> the economics of the transaction for both parties," Poughkeepsie <ei296>said</ei296>. Additionally, the bank is <ei297>increasing</ei297> its loan-loss reserves for the third quarter by $8.5 million before taxes. In the year-earlier third quarter, Poughkeepsie Savings <ei300>had</ei300> net income of $2.8 million, or 77 cents a share. Poughkeepsie <ei302>said</ei302> it is <ei303>continuing</ei303> to <ei304>try</ei304> to <ei305>sell</ei305> itself, under a June agreement with a dissident shareholder group. The bank also <ei307>said</ei307> its effort would <ei309>continue</ei309> past the November 1 deadline <ei310>set</ei310> in that agreement and that the litigation between the two sides might resume as a result. The thrift and the shareholders had <ei315>suspended</ei315> their lawsuits as part of the agreement. | [
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matres | wsj_0325 | {
"id": "t0",
"text": "11/01/89"
} | Coast Savings Financial Inc. reported a third-quarter loss, citing a previously announced capital restructuring program. The Los Angeles thrift holding company said it had a loss of $92.2 million, or $6.98 per share, for the quarter ended September 30. Coast earned $10.2 million, or 67 cents per share, in the year-ago quarter. The year-ago results have been restated to comply with government regulations. The restructuring program is designed to increase the company's tangible capital ratio. It includes removing $242 million in goodwill from the books, issuing $150 million in preferred stock, and commencing an exchange offer for $52 million in convertible bonds. During the third quarter, the company charged about $46 million against earnings in reducing goodwill, added $20 million to its general loan loss reserves, and established a $30 million reserve for its high-yield bond portfolio. The company said its junk-bond portfolio, after these moves, had been reduced to less than 1% of assets. | Coast Savings Financial Inc. <ei199>reported</ei199> a third-quarter loss, <ei201>citing</ei201> a previously announced capital restructuring program. The Los Angeles thrift holding company <ei202>said</ei202> it <ei203>had</ei203> a loss of $92.2 million, or $6.98 per share, for the quarter ended September 30. Coast <ei204>earned</ei204> $10.2 million, or 67 cents per share, in the year-ago quarter. The year-ago results have been <ei206>restated</ei206> to comply with government regulations. The restructuring program is <ei210>designed</ei210> to increase the company's tangible capital ratio. It includes removing $242 million in goodwill from the books, issuing $150 million in preferred stock, and commencing an exchange offer for $52 million in convertible bonds. During the third quarter, the company <ei217>charged</ei217> about $46 million against earnings in reducing goodwill, <ei218>added</ei218> $20 million to its general loan loss reserves, and <ei219>established</ei219> a $30 million reserve for its high-yield bond portfolio. The company <ei221>said</ei221> its junk-bond portfolio, after these moves, had been <ei223>reduced</ei223> to less than 1% of assets. | [
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matres | wsj_0348 | {
"id": "t0",
"text": "11/01/89"
} | Ogden Projects Inc. said net income jumped to $6.6 million, or 18 cents a share, in the third quarter. The Fairfield, N.J., company, which is 92%-owned by Ogden Corp., New York, had net income of $1.1 million, or four cents a share, a year ago. Revenue soared to $101.7 million from $39.5 million. Ogden Projects, whose shares began trading on the New York Stock Exchange in August, closed yesterday at $26.875, down 75 cents. The stock began trading this summer at $14 a share. Ogden Projects, which has interests in solid-waste recovery and hazardous-waste cleanup, said it has 13 facilities in operation, up from seven a year ago. Meanwhile, Ogden Corp., which also has interests in building maintenance and management, reported third-quarter net income of $27.1 million, or 67 cents a share, more than twice the $13.5 million, or 34 cents a share, a year earlier. Revenue rose 33% to $378.1 million from $283.8 million. | Ogden Projects Inc. <ei197>said</ei197> net income <ei198>jumped</ei198> to $6.6 million, or 18 cents a share, in the third quarter. The Fairfield, N.J., company, which is 92%-owned by Ogden Corp., New York, <ei200>had</ei200> net income of $1.1 million, or four cents a share, a year ago. Revenue <ei202>soared</ei202> to $101.7 million from $39.5 million. Ogden Projects, whose shares <ei205>began</ei205> trading on the New York Stock Exchange in August, <ei207>closed</ei207> yesterday at $26.875, down 75 cents. The stock <ei209>began</ei209> <ei210>trading</ei210> this summer at $14 a share. Ogden Projects, which has interests in solid-waste recovery and hazardous-waste cleanup, <ei212>said</ei212> it <ei213>has</ei213> 13 facilities in operation, up from seven a year ago. Meanwhile, Ogden Corp., which also has interests in building maintenance and management, <ei216>reported</ei216> third-quarter net income of $27.1 million, or 67 cents a share, more than twice the $13.5 million, or 34 cents a share, a year earlier. Revenue <ei219>rose</ei219> 33% to $378.1 million from $283.8 million. | [
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matres | wsj_0176 | {
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matres | APW19980213.1380 | {
"id": "t0",
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} | CAGUAS, Puerto Rico (AP)_ Kidnappers kept their promise to kill a store owner they took hostage, and police found the man's dismembered and decapitated body Friday wrapped in plastic garbage bags. Police confirmed Friday that the body found along a highway in this municipality 15 miles south of San Juan belonged to Jorge Hernandez, 49. Hernandez was kidnapped from his small, neighborhood store in the town of Trujillo Alto at 10 p.m. Wednesday, police said. His kidnappers demanded a ransom of $1 million, but negotiations broke off at noon Thursday. Police gave no details about the negotiations with the kidnappers for the return of Hernandez. The store owner's body was found with the arms and head cut off, and the parts stuffed in separate garbage bags. A passerby called police to report the body alongside the road. Puerto Rico Police Superintendent Pedro Toledo urged people who might be targeted by kidnappers to be alert. ``There has been an increase in Puerto Rico in this kind of thing, and some of these bands of kidnappers are made up of foreigners,'' Toledo said. While some Latin American countries such as Mexico and Colombia have suffered from a rash of kidnappings in recent years, the crime has not been common in this U.S. commonwealth. | CAGUAS, Puerto Rico (AP)_ Kidnappers <ei305>kept</ei305> their promise to kill a store owner they <ei308>took</ei308> hostage, and police <ei310>found</ei310> the man's dismembered and decapitated body Friday <ei313>wrapped</ei313> in plastic garbage bags. Police <ei314>confirmed</ei314> Friday that the body <ei315>found</ei315> along a highway in this municipality 15 miles south of San Juan belonged to Jorge Hernandez, 49. Hernandez was <ei317>kidnapped</ei317> from his small, neighborhood store in the town of Trujillo Alto at 10 p.m. Wednesday, police <ei318>said</ei318>. His kidnappers <ei319>demanded</ei319> a ransom of $1 million, but negotiations <ei322>broke</ei322> off at noon Thursday. Police <ei323>gave</ei323> no details about the negotiations with the kidnappers for the return of Hernandez. The store owner's body was <ei326>found</ei326> with the arms and head <ei327>cut</ei327> off, and the parts <ei328>stuffed</ei328> in separate garbage bags. A passerby <ei329>called</ei329> police to <ei330>report</ei330> the body alongside the road. Puerto Rico Police Superintendent Pedro Toledo <ei331>urged</ei331> people who might be <ei332>targeted</ei332> by kidnappers to be alert. ``There has been an increase in Puerto Rico in this kind of thing, and some of these bands of kidnappers are made up of foreigners,'' Toledo <ei336>said</ei336>. While some Latin American countries such as Mexico and Colombia have <ei337>suffered</ei337> from a rash of kidnappings in recent years, the crime has not been common in this U.S. commonwealth. | [
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matres | wsj_1011 | {
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"text": "10/26/89"
} | Delta Air Lines earnings soared 33% to a record in the fiscal first quarter, bucking the industry trend toward declining profits. The Atlanta-based airline, the third largest in the U.S., attributed the increase to higher passenger traffic, new international routes and reduced service by rival Eastern Airlines, which is in bankruptcy proceedings in the wake of a strike that began last spring. For the quarter ended Sept. 30, Delta posted net income of $133.1 million, or $2.53 a share, up from $100 million, or $2.03 a share, a year earlier. Revenue rose 15% to $2.17 billion from $1.89 billion. During the quarter, Delta issued 2.5 million shares of common stock to Swissair, and repurchased 1.1 million shares for use in a company employee stock ownership plan. "The key to Delta's record earnings continued to be excellent passenger revenue growth," said Thomas Roeck, chief financial officer. Passenger traffic jumped 14% in the quarter, while profit per passenger grew 2%. Delta has benefited more than other carriers from the weakness of Eastern Airlines, which shares the Atlanta hub. Although Eastern is back to about 80% of its pre-strike schedule now, the Texas Air Corp. subsidiary was only beginning to get back on its feet during the quarter. Separately, America West Airlines, Phoenix, Ariz., reported third-quarter profit jumped 45% to $5.8 million, or 28 cents a share, from $4 million, or 24 cents a share, a year earlier. The latest results include a $2.6 million one-time payment from a "foreign entity." America West wouldn't identify the entity, but said the payment was for the foreign company's use of certain tax benefits in connection with America West plane purchases. Year-earlier results included an extraordinary gain of $1.6 million from a buy-back of convertible subordinated debentures. Revenue rose 21% to $243.4 million from $201.2 million. For the nine months, America West posted earnings of $18.9 million, or 97 cents a share, compared with a loss of $9.7 million, or 74 cents a share, a year earlier. Revenue rose 27% to $715.1 million from $563.8 million. | Delta Air Lines earnings <ei2013>soared</ei2013> 33% to a record in the fiscal first quarter, <ei2014>bucking</ei2014> the industry trend toward declining profits. The Atlanta-based airline, the third largest in the U.S., <ei2016>attributed</ei2016> the increase to higher passenger traffic, new international routes and reduced service by rival Eastern Airlines, which is in bankruptcy proceedings in the wake of a strike that <ei2022>began</ei2022> last spring. For the quarter ended Sept. 30, Delta <ei2024>posted</ei2024> net income of $133.1 million, or $2.53 a share, up from $100 million, or $2.03 a share, a year earlier. Revenue <ei2027>rose</ei2027> 15% to $2.17 billion from $1.89 billion. During the quarter, Delta <ei2030>issued</ei2030> 2.5 million shares of common stock to Swissair, and <ei2031>repurchased</ei2031> 1.1 million shares for use in a company employee stock ownership plan. "The key to Delta's record earnings <ei2033>continued</ei2033> to be excellent passenger revenue growth," <ei2035>said</ei2035> Thomas Roeck, chief financial officer. Passenger traffic <ei2037>jumped</ei2037> 14% in the quarter, while profit per passenger <ei2038>grew</ei2038> 2%. Delta has <ei2039>benefited</ei2039> more than other carriers from the weakness of Eastern Airlines, which <ei2040>shares</ei2040> the Atlanta hub. Although Eastern is back to about 80% of its pre-strike schedule now, the Texas Air Corp. subsidiary was only <ei2042>beginning</ei2042> to get back on its feet during the quarter. Separately, America West Airlines, Phoenix, Ariz., <ei2044>reported</ei2044> third-quarter profit <ei2045>jumped</ei2045> 45% to $5.8 million, or 28 cents a share, from $4 million, or 24 cents a share, a year earlier. The latest results include a $2.6 million one-time payment from a "foreign entity." America West wouldn't identify the entity, but said the payment was for the foreign company's use of certain tax benefits in connection with America West plane purchases. Year-earlier results included an extraordinary gain of $1.6 million from a buy-back of convertible subordinated debentures. Revenue <ei2057>rose</ei2057> 21% to $243.4 million from $201.2 million. For the nine months, America West <ei2060>posted</ei2060> earnings of $18.9 million, or 97 cents a share, compared with a loss of $9.7 million, or 74 cents a share, a year earlier. Revenue <ei2062>rose</ei2062> 27% to $715.1 million from $563.8 million. | [
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matres | wsj_0329 | {
"id": "t0",
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} | Coda Energy Inc. said it arranged a $50 million credit facility with NCNB Texas National Bank, a unit of NCNB Corp., of Charlotte, N.C. The Dallas oil and gas concern said that $10 million of the facility would be used to consolidate the company's $8.1 million in existing bank debt, to repurchase 4 million of its 4.9 million outstanding shares of Series D convertible preferred stock, and to purchase a 10% net-profits interest in certain oil and gas properties from one of its existing lenders, National Canada Corp. The remaining $40 million can be used over three years for oil and gas acquisitions, the company said. Ted Eubank, Coda's president, said the loan carries an interest rate of prime plus one percentage point, with 85% of the company's net oil and gas revenue each month dedicated to repayment. The company put up "virtually all" of its oil and gas properties as collateral, he said. | Coda Energy Inc. <ei54>said</ei54> it <ei55>arranged</ei55> a $50 million credit facility with NCNB Texas National Bank, a unit of NCNB Corp., of Charlotte, N.C. The Dallas oil and gas concern <ei57>said</ei57> that $10 million of the facility would be <ei58>used</ei58> to consolidate the company's $8.1 million in existing bank debt, to repurchase 4 million of its 4.9 million outstanding shares of Series D convertible preferred stock, and to purchase a 10% net-profits interest in certain oil and gas properties from one of its existing lenders, National Canada Corp. The remaining $40 million can be used over three years for oil and gas acquisitions, the company <ei63>said</ei63>. Ted Eubank, Coda's president, <ei64>said</ei64> the loan carries an interest rate of prime plus one percentage point, with 85% of the company's net oil and gas revenue each month <ei65>dedicated</ei65> to repayment. The company <ei66>put</ei66> up "virtually all" of its oil and gas properties as collateral, he <ei67>said</ei67>. | [
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matres | wsj_0610 | {
"id": "t0",
"text": "10/30/89"
} | cost the world's largest cereal maker market share. The company's president quit suddenly. And now Kellogg is indefinitely suspending work on what was to be a $1 billion cereal plant. The company said it was delaying construction because of current market conditions. But the Memphis, Tenn., facility wasn't to begin turning out product until 1993, so the decision may reveal a more pessimistic long-term outlook as well. Kellogg, which hasn't been as successful in capitalizing on the public's health-oriented desire for oat bran as rival General Mills Inc., has been losing share in the $6 billion ready-to-eat cereal market. Kellogg's current share is believed to be slightly under 40% while General Mills' share is about 27%. Led by its oat-based Cheerios line, General Mills has gained an estimated 2% share so far this year, mostly at the expense of Kellogg. Each share point is worth about $60 million in sales. Analysts say much of Kellogg's erosion has been in such core brands as Corn Flakes, Rice Krispies and Frosted Flakes, which represent nearly one-third of its sales volume. Kellogg is so anxious to turn around Corn Flakes sales that it soon will begin selling boxes for as little as 99 cents, trade sources say. "Cheerios and Honey Nut Cheerios have eaten away sales normally going to Kellogg's corn-based lines simply because they are made of oats," says Merrill Lynch food analyst William Maguire. "They are not a happy group of people at Battle Creek right now." Kellogg is based in Battle Creek, Mich., a city that calls itself the breakfast capital of the world. Another analyst, John C. Maxwell Jr. of Wheat, First Securities in Richmond, Va., recently went to a "sell" recommendation on Kellogg stock, which closed Friday at $71.75, down 75 cents, in New York Stock Exchange composite trading. "I don't think Kellogg can get back to 40% this year," he said. "Kellogg's main problem is lifestyle. People are reading the boxes and deciding they want something that's 'healthy' for you -- oats, bran." Mr. Maxwell said he wouldn't be surprised if, over the next two years or so, General Mills' share increased to 30% or more. In announcing the plant delay, Kellogg Chairman William E. LaMothe said, "Cereal volume growth in the U.S. has not met our expectations for 1989". He said construction wouldn't resume until market conditions warrant it. Kellogg indicated that it has room to grow without adding facilities. The company has five other U.S. plants, including a modern facility at its Battle Creek headquarters known as Building 100, which is to add bran-processing and rice-processing capacity next year. General Mills, meanwhile, finds itself constrained from boosting sales further because its plants are operating at capacity. A large plant in Covington, Ga., is to come on line next year. A Kellogg officer, who asked not to be named, said the Memphis project was " pulled in for a reconsideration of costs," an indication that the ambitious plans might be scaled back in any future construction. Initial cost estimates for the plant, which was to have been built in phases, ranged from $1 billion to $1.2 billion. A company spokesman said it was "possible, but highly unlikely," that the plant might never be built. "As we regain our leadership level where we have been, and as we continue to put new products into the marketplace and need additional capacity, we will look at resuming our involvement with our plan," he said. The new facility was to have been the world's most advanced cereal manufacturing plant, and Kellogg's largest construction project. The company had retained the Fluor Daniel unit of Fluor Corp. as general contractor. But in recent weeks, construction-industry sources reported that early preparation work was slowing at the 185-acre site. Subcontractors said they were told that equipment orders would be delayed. Fluor Daniel already has reassigned most of its work crew, the sources said. Last Friday's announcement was the first official word that the project was in trouble and that the company's plans for a surge in market share may have been overly optimistic. Until recently, Kellogg had been telling its sales force and Wall Street that by 1992 it intended to achieve a 50% share of market, measured in dollar volume. Although he called current market conditions "highly competitive," Mr. LaMothe, Kellogg's chairman and chief executive officer, forecast an earnings increase for the full year. Last year, the company earned $480.4 million, or $3.90 a share, on sales of $4.3 billion. As expected, Kellogg reported lower third-quarter earnings. Net fell 16% to $123.1 million, or $1.02 a share, from $145.7 million, or $1.18 a share. Sales rose 4.8% to $1.20 billion from $1.14 billion. The company had a one-time charge of $14.8 million in the latest quarter covering the disposition of certain assets. The company wouldn't elaborate, citing competitive reasons. | <ei1995>cost</ei1995> the world's largest cereal maker market share. The company's president <ei1996>quit</ei1996> suddenly. And now Kellogg is indefinitely <ei1997>suspending</ei1997> work on what was to be a $1 billion cereal plant. The company <ei2000>said</ei2000> it was <ei2001>delaying</ei2001> construction because of current market conditions. But the Memphis, Tenn., facility wasn't to begin <ei2005>turning</ei2005> out product until 1993, so the decision may reveal a more pessimistic long-term outlook as well. Kellogg, which hasn't been as successful in capitalizing on the public's health-oriented desire for oat bran as rival General Mills Inc., has been <ei2010>losing</ei2010> share in the $6 billion ready-to-eat cereal market. Kellogg's current share is <ei2011>believed</ei2011> to be slightly under 40% while General Mills' share is about 27%. <ei2014>Led</ei2014> by its oat-based Cheerios line, General Mills has <ei2015>gained</ei2015> an estimated 2% share so far this year, mostly at the expense of Kellogg. Each share point is worth about $60 million in sales. Analysts <ei2017>say</ei2017> much of Kellogg's erosion has been in such core brands as Corn Flakes, Rice Krispies and Frosted Flakes, which represent nearly one-third of its sales volume. Kellogg is so anxious to turn around Corn Flakes sales that it soon will begin selling boxes for as little as 99 cents, trade sources <ei2023>say</ei2023>. "Cheerios and Honey Nut Cheerios have <ei2024>eaten</ei2024> away sales normally going to Kellogg's corn-based lines simply because they are <ei2026>made</ei2026> of oats," <ei2027>says</ei2027> Merrill Lynch food analyst William Maguire. "They are not a happy group of people at Battle Creek right now." Kellogg is based in Battle Creek, Mich., a city that calls itself the breakfast capital of the world. Another analyst, John C. Maxwell Jr. of Wheat, First Securities in Richmond, Va., recently <ei2137>went</ei2137> to a "sell" recommendation on Kellogg stock, which <ei2031>closed</ei2031> Friday at $71.75, down 75 cents, in New York Stock Exchange composite trading. "I don't think Kellogg can get back to 40% this year," he <ei2037>said</ei2037>. "Kellogg's main problem is lifestyle. People are <ei2038>reading</ei2038> the boxes and <ei2039>deciding</ei2039> they want something that's 'healthy' for you -- oats, bran." Mr. Maxwell <ei2042>said</ei2042> he wouldn't be surprised if, over the next two years or so, General Mills' share increased to 30% or more. In <ei2045>announcing</ei2045> the plant delay, Kellogg Chairman William E. LaMothe <ei2047>said</ei2047>, "Cereal volume growth in the U.S. has not met our expectations for 1989". He <ei2051>said</ei2051> construction wouldn't resume until market conditions warrant it. Kellogg <ei2055>indicated</ei2055> that it <ei2056>has</ei2056> room to grow without adding facilities. The company <ei2059>has</ei2059> five other U.S. plants, including a modern facility at its Battle Creek headquarters known as Building 100, which is to add bran-processing and rice-processing capacity next year. General Mills, meanwhile, finds itself <ei2062>constrained</ei2062> from <ei2063>boosting</ei2063> sales further because its plants are <ei2064>operating</ei2064> at capacity. A large plant in Covington, Ga., is to come on line next year. A Kellogg officer, who asked not to be named, <ei2066>said</ei2066> the Memphis project was " <ei2067>pulled</ei2067> in for a reconsideration of costs," an indication that the ambitious plans might be scaled back in any future construction. Initial cost estimates for the plant, which was to have been built in phases, <ei2071>ranged</ei2071> from $1 billion to $1.2 billion. A company spokesman <ei2072>said</ei2072> it was "possible, but highly unlikely," that the plant might never be built. "As we <ei2074>regain</ei2074> our leadership level where we have been, and as we <ei2076>continue</ei2076> to <ei2077>put</ei2077> new products into the marketplace and need additional capacity, we will look at resuming our involvement with our plan," he <ei2083>said</ei2083>. The new facility was to have been the world's most advanced cereal manufacturing plant, and Kellogg's largest construction project. The company had <ei2086>retained</ei2086> the Fluor Daniel unit of Fluor Corp. as general contractor. But in recent weeks, construction-industry sources <ei2087>reported</ei2087> that early preparation work was <ei2088>slowing</ei2088> at the 185-acre site. Subcontractors <ei2089>said</ei2089> they were <ei2090>told</ei2090> that equipment orders would be delayed. Fluor Daniel already has <ei2093>reassigned</ei2093> most of its work crew, the sources <ei2094>said</ei2094>. Last Friday's announcement was the first official word that the project was in trouble and that the company's plans for a surge in market share may have been overly optimistic. Until recently, Kellogg had been <ei2098>telling</ei2098> its sales force and Wall Street that by 1992 it intended to achieve a 50% share of market, measured in dollar volume. Although he <ei2102>called</ei2102> current market conditions "highly competitive," Mr. LaMothe, Kellogg's chairman and chief executive officer, <ei2104>forecast</ei2104> an earnings increase for the full year. Last year, the company <ei2106>earned</ei2106> $480.4 million, or $3.90 a share, on sales of $4.3 billion. As <ei2107>expected</ei2107>, Kellogg <ei2108>reported</ei2108> lower third-quarter earnings. Net <ei2110>fell</ei2110> 16% to $123.1 million, or $1.02 a share, from $145.7 million, or $1.18 a share. Sales <ei2113>rose</ei2113> 4.8% to $1.20 billion from $1.14 billion. The company <ei2116>had</ei2116> a one-time charge of $14.8 million in the latest quarter covering the disposition of certain assets. The company wouldn't elaborate, <ei2120>citing</ei2120> competitive reasons. | [
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matres | wsj_1042 | {
"id": "t0",
"text": "10/26/89"
} | AVON RENT-A-CAR and TRUCK Corp. said it declared a dividend of one warrant for each three shares of common stock. Currently, Avon, based in Santa Monica, California, has 3.3 million common shares outstanding. About 1.1 million Class C warrants were issued, the company said. Each of the Class C warrants will enable the holders to purchase one share of common stock at $5.50. The warrants may be exercised until 90 days after their issuance date. Avon also said it will issue an additional 243,677 of the Class C warrants to holders of its Class A, Class B, and unclassified warrants. Issuance of those warrants will be at the rate of one-third warrant for each warrant exercised. | AVON RENT-A-CAR and TRUCK Corp. <ei81>said</ei81> it <ei82>declared</ei82> a dividend of one warrant for each three shares of common stock. Currently, Avon, based in Santa Monica, California, <ei83>has</ei83> 3.3 million common shares outstanding. About 1.1 million Class C warrants were <ei84>issued</ei84>, the company <ei85>said</ei85>. Each of the Class C warrants will enable the holders to <ei87>purchase</ei87> one share of common stock at $5.50. The warrants may be exercised until 90 days after their issuance date. Avon also said it will issue an additional 243,677 of the Class C warrants to holders of its Class A, Class B, and unclassified warrants. Issuance of those warrants will be at the rate of one-third warrant for each warrant exercised. | [
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matres | wsj_0263 | {
"id": "t0",
"text": "11/01/89"
} | UNIFIRST Corp. declared a 2-for-1 stock split. The Wilmington, Massachusetts, garment service company also boosted its quarterly dividend 20% to three cents a share, adjusted for the split. The dividend had been five cents a share. The split and quarterly dividend will be payable January 3 to stockholders of record November 16, the company said. The split will raise the number of shares outstanding to about 10.2 million. Separately, UniFirst reported that net income rose 21% to $3 million, or 29 cents a share, adjusted for the split, for the fourth quarter ended August 26. A year earlier, UniFirst earned $2.4 million, or 24 cents a share, adjusted for the split. Sales rose to $52.4 million from $50.1 million. | UNIFIRST Corp. <ei2107>declared</ei2107> a 2-for-1 stock split. The Wilmington, Massachusetts, garment service company also <ei2109>boosted</ei2109> its quarterly dividend 20% to three cents a share, adjusted for the split. The dividend had been five cents a share. The split and quarterly dividend will be payable January 3 to stockholders of record November 16, the company <ei2113>said</ei2113>. The split will <ei2115>raise</ei2115> the number of shares outstanding to about 10.2 million. Separately, UniFirst <ei2117>reported</ei2117> that net income <ei2118>rose</ei2118> 21% to $3 million, or 29 cents a share, adjusted for the split, for the fourth quarter <ei2120>ended</ei2120> August 26. A year earlier, UniFirst <ei2121>earned</ei2121> $2.4 million, or 24 cents a share, adjusted for the split. Sales <ei2123>rose</ei2123> to $52.4 million from $50.1 million. | [
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matres | wsj_0752 | {
"id": "t0",
"text": "10/27/89"
} | Authorized a 3-for-2 split of the common stock, payable December 7 to stockholders of record November 22. The split was aimed at boosting the stock's liquidity, said Brendan Barba, chairman of the Moonachie, New Jersey, maker of plastic film products. After the split, the company will have more than 4.7 million shares outstanding. In national over-the-counter trading yesterday, AEP shares closed at $21.25, down $0.50. | <ei95>Authorized</ei95> a 3-for-2 split of the common stock, payable December 7 to stockholders of record November 22. The split was <ei100>aimed</ei100> at boosting the stock's liquidity, <ei103>said</ei103> Brendan Barba, chairman of the Moonachie, New Jersey, maker of plastic film products. After the split, the company will have more than 4.7 million shares outstanding. In national over-the-counter trading yesterday, AEP shares closed at $21.25, down $0.50. | [
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matres | wsj_0292 | {
"id": "t0",
"text": "11/01/89"
} | Despite continuing problems in its newsprint business, Kimberly-Clark Corp. posted a 20% gain in third-quarter net income. The consumer-products and newsprint company said net rose to $108.8 million, or $1.35 a share, from $90.5 million, or $1.12 a share, a year ago. Sales rose 6.2% to $1.45 billion from $1.37 billion. After a flat second quarter tied largely to lower newsprint earnings, Kimberly-Clark attributed the gain to improved results in its consumer businesses in North America, Brazil, and Korea. Those gains came from higher prices, particularly for disposable diapers and tissue products, and from increased sales, primarily for feminine-care products, the company said. Newsprint results continued to be depressed, the company added, because of industrywide price discounting. The quarter-to-quarter comparison was also enhanced by charges taken in the year-earlier period, including $11 million related to the modernization of a pulp and newsprint mill in Alabama. In the 1989 period, interest expense and tax rates were also lower than a year ago. In the first nine months, profit rose 10% to $313.2 million, or $3.89 a share, from $283.9 million, or $3.53 a share. Sales rose 6.7% to $4.27 billion from $4 billion. In New York Stock Exchange composite trading, Kimberly-Clark closed at $66.50 a share, up $1.50. | Despite continuing problems in its newsprint business, Kimberly-Clark Corp. <ei321>posted</ei321> a 20% gain in third-quarter net income. The consumer-products and newsprint company <ei324>said</ei324> net <ei325>rose</ei325> to $108.8 million, or $1.35 a share, from $90.5 million, or $1.12 a share, a year ago. Sales <ei328>rose</ei328> 6.2% to $1.45 billion from $1.37 billion. After a flat second quarter <ei331>tied</ei331> largely to lower newsprint earnings, Kimberly-Clark <ei332>attributed</ei332> the gain to improved results in its consumer businesses in North America, Brazil, and Korea. Those gains came from higher prices, particularly for disposable diapers and tissue products, and from increased sales, primarily for feminine-care products, the company <ei338>said</ei338>. Newsprint results <ei339>continued</ei339> to be <ei340>depressed</ei340>, the company <ei341>added</ei341>, because of industrywide price discounting. The quarter-to-quarter comparison was also <ei343>enhanced</ei343> by charges <ei345>taken</ei345> in the year-earlier period, including $11 million related to the modernization of a pulp and newsprint mill in Alabama. In the 1989 period, interest expense and tax rates were also lower than a year ago. In the first nine months, profit <ei349>rose</ei349> 10% to $313.2 million, or $3.89 a share, from $283.9 million, or $3.53 a share. Sales <ei352>rose</ei352> 6.7% to $4.27 billion from $4 billion. In New York Stock Exchange composite trading, Kimberly-Clark <ei355>closed</ei355> at $66.50 a share, up $1.50. | [
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matres | CNN19980223.1130.0960 | {
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} | Despite the recent possibility of military conflict with Iraq, oil prices have been falling because of a worldwide glut of oil. Now, with a diplomatic solution to the crisis seemingly at hand, get set for oil prices, from the Brent North Sea variety to light sweet crude, to fall further. Oil prices have come down from the middle of October from a twenty-two dollar per barrel level to the fourteen dollars we're seeing today. That's built up considerable momentum, and that momentum will likely increase. Next up is that thirteen dollar per barrel level we saw in the winter of 1994. Weakened oil prices have already made life easier for motorists at the gas pump. Gas prices fell nearly two cents a gallon over the last two weeks, according to the Lundberg survey of ten thousand gas stations nationwide. | Despite the recent possibility of military conflict with Iraq, oil prices have been falling because of a worldwide glut of oil. Now, with a diplomatic solution to the crisis seemingly at hand, get set for oil prices, from the Brent North Sea variety to light sweet crude, to fall further. Oil prices have <ei156>come</ei156> down from the middle of October from a twenty-two dollar per barrel level to the fourteen dollars we're <ei159>seeing</ei159> today. That's <ei160>built</ei160> up considerable momentum, and that momentum will likely increase. Next up is that thirteen dollar per barrel level we <ei163>saw</ei163> in the winter of 1994. Weakened oil prices have already <ei165>made</ei165> life easier for motorists at the gas pump. Gas prices <ei167>fell</ei167> nearly two cents a gallon over the last two weeks, according to the Lundberg survey of ten thousand gas stations nationwide. | [
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matres | wsj_0575 | {
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} | Control Data Corp., which just months ago was hemorrhaging financially, thinks it will be healthy enough soon to consider repurchasing public debt. Moreover, the company, whose go-it-alone approach nearly proved fatal, now sees alliances with others as the way back to prosperity in what it calls "the data solutions" business. "I'm not saying everything is hunky-dory, but we have completed the transition," Robert M. Price, chairman and chief executive, said in an interview. "Transition" is a reference to the company's five-year restructuring effort. During that time, Control Data had losses of more than $1 billion. Now, following asset sales that shrank revenue by more than one-third this year alone, Control Data is flush with cash. So its senior executives are talking openly about possibly buying back some of the company's $172.5 million in subordinated convertible debentures next year. "We'd like to continue to reduce debt," President Lawrence Perlman said. Noting that the company is offering to buy back $154.2 million in senior notes paying 12 3/4%, he said the response will help determine future debt-reduction efforts. The offer was automatically triggered by the recent sale of Control Data's Imprimis disk-drive business to Seagate Technology Inc. Mr. Perlman, who is also acting chief financial officer and the odds-on favorite to become the next chief executive, said the company is achieving "modest positive cash flow from operations, and we expect that to continue into 1990." He said the company has no intention of tapping its short-term bank lines "for a good part of 1990." Sometime next year, Control Data will develop a new bank relationship," Mr. Perlman said. In recent months a group of lenders, led by Bank of America, has extended Control Data up to $90 million in revolving loans through January, as well as $115 million in standby letters of credit. Loan covenants require that the company achieve specified levels of operating earnings and meet a rolling four-quarter profitability test. Last week Control Data reported third-quarter earnings of $9.8 million, or 23 cents a share, on revenue of $763 million. Through the first nine months, the company had a loss of $484 million, largely reflecting the closing of its supercomputer unit. While a few assets are still being shopped -- including the sports and entertainment ticketing portion of the company's Ticketron unit -- Mr. Price said future restructuring would be a question of strategy. "We don't need the cash." Ticketron's automated wagering business, which operates lotteries in a half dozen states, is not for sale, the company said. Rather, Mr. Perlman said, Control Data intends to bid for the coming Minnesota lottery contract and is seeking new applications for the technology overseas, where "there is great interest in games of skill." He wouldn't elaborate. Control Data's semiconductor business, VTC Inc., continues to lose money, the executives acknowledged, but they said they consider some of the technology vital to national defense and so are reluctant to dispose of it. The company's strategy for keeping its computer products business profitable -- it recently achieved profitability after several quarters of losses -- calls for a narrow focus and a lid on expenses. Partly, costs will be held down through strategic technology alliances, management said. Control Data recently announced an agreement with MIPS Computer Systems Inc. to jointly develop machines with simplified operating software. James E. Ousley, computer products group president, said such arrangements could help slash Control Data's computer research and development costs in half by the end of 1990. He disclosed that before Control Data scrapped its ETA Systems Inc. supercomputer business this past spring, those costs were running at nearly 35% of group revenue. At the same time four of six design projects were spiked, he said. Asked how the company hopes to expand its computer hardware business, Mr. Ousley said it sees good opportunities in systems integration. "We think we're getting only 10% of the integration dollars our customers are spending," he said. "We're in environments that are going to spend a lot of money on that." Control Data mainframes are designed for numerically intensive computing users, such as the scientific, engineering and academic communities. Utilities management is a major commercial niche. Reviewing the company's scrape with disaster, Mr. Price conceded it had tried to do too much on its own. "Absolutely," he said. But while its stock is selling at about half Control Data's estimated breakup value, neither Messrs. Perlman nor Price said they spend much time considering the possibility of a hostile takeover. "We've been listed as a candidate for so long it's not worth worrying about," said Mr. Price. | Control Data Corp., which just months ago was <ei2637>hemorrhaging</ei2637> financially, <ei2638>thinks</ei2638> it will be healthy enough soon to consider repurchasing public debt. Moreover, the company, whose go-it-alone approach nearly <ei2642>proved</ei2642> fatal, now <ei2643>sees</ei2643> alliances with others as the way back to prosperity in what it calls "the data solutions" business. "I'm not saying everything is hunky-dory, but we have <ei2645>completed</ei2645> the transition," Robert M. Price, chairman and chief executive, <ei2647>said</ei2647> in an interview. "Transition" is a reference to the company's five-year restructuring effort. During that time, Control Data <ei2651>had</ei2651> losses of more than $1 billion. Now, following asset sales that <ei2653>shrank</ei2653> revenue by more than one-third this year alone, Control Data is flush with cash. So its senior executives are <ei2655>talking</ei2655> openly about possibly buying back some of the company's $172.5 million in subordinated convertible debentures next year. "We'd like to continue to reduce debt," President Lawrence Perlman <ei2660>said</ei2660>. <ei2661>Noting</ei2661> that the company is <ei2662>offering</ei2662> to buy back $154.2 million in senior notes paying 12 3/4%, he <ei2665>said</ei2665> the response will help determine future debt-reduction efforts. The offer was automatically <ei2670>triggered</ei2670> by the recent sale of Control Data's Imprimis disk-drive business to Seagate Technology Inc. Mr. Perlman, who is also acting chief financial officer and the odds-on favorite to become the next chief executive, <ei2672>said</ei2672> the company is <ei2673>achieving</ei2673> "modest positive cash flow from operations, and we <ei2676>expect</ei2676> that to continue into 1990." He <ei2678>said</ei2678> the company has no intention of tapping its short-term bank lines "for a good part of 1990." Sometime next year, Control Data will develop a new bank relationship," Mr. Perlman <ei2684>said</ei2684>. In recent months a group of lenders, led by Bank of America, has <ei2685>extended</ei2685> Control Data up to $90 million in revolving loans through January, as well as $115 million in standby letters of credit. Loan covenants require that the company achieve specified levels of operating earnings and meet a rolling four-quarter profitability test. Last week Control Data <ei2686>reported</ei2686> third-quarter earnings of $9.8 million, or 23 cents a share, on revenue of $763 million. Through the first nine months, the company <ei2688>had</ei2688> a loss of $484 million, largely reflecting the closing of its supercomputer unit. While a few assets are still being shopped -- including the sports and entertainment ticketing portion of the company's Ticketron unit -- Mr. Price <ei2691>said</ei2691> future restructuring would be a question of strategy. "We don't need the cash." Ticketron's automated wagering business, which operates lotteries in a half dozen states, is not for sale, the company <ei2695>said</ei2695>. Rather, Mr. Perlman <ei2696>said</ei2696>, Control Data intends to bid for the coming Minnesota lottery contract and is <ei2699>seeking</ei2699> new applications for the technology overseas, where "there is great interest in games of skill." He wouldn't elaborate. Control Data's semiconductor business, VTC Inc., <ei2702>continues</ei2702> to <ei2703>lose</ei2703> money, the executives <ei2704>acknowledged</ei2704>, but they <ei2705>said</ei2705> they consider some of the technology vital to national defense and so are reluctant to dispose of it. The company's strategy for keeping its computer products business profitable -- it recently <ei2708>achieved</ei2708> profitability after several quarters of losses -- calls for a narrow focus and a lid on expenses. Partly, costs will be held down through strategic technology alliances, management <ei2712>said</ei2712>. Control Data recently <ei2713>announced</ei2713> an agreement with MIPS Computer Systems Inc. to jointly develop machines with simplified operating software. James E. Ousley, computer products group president, <ei2716>said</ei2716> such arrangements could help slash Control Data's computer research and development costs in half by the end of 1990. He <ei2720>disclosed</ei2720> that before Control Data <ei2721>scrapped</ei2721> its ETA Systems Inc. supercomputer business this past spring, those costs were <ei2722>running</ei2722> at nearly 35% of group revenue. At the same time four of six design projects were spiked, he <ei2724>said</ei2724>. <ei2725>Asked</ei2725> how the company hopes to expand its computer hardware business, Mr. Ousley <ei2728>said</ei2728> it <ei2729>sees</ei2729> good opportunities in systems integration. "We <ei2730>think</ei2730> we're getting only 10% of the integration dollars our customers are <ei2732>spending</ei2732>," he <ei2733>said</ei2733>. "We're in environments that are going to spend a lot of money on that." Control Data mainframes are designed for numerically intensive computing users, such as the scientific, engineering and academic communities. Utilities management is a major commercial niche. <ei2735>Reviewing</ei2735> the company's scrape with disaster, Mr. Price <ei2737>conceded</ei2737> it had <ei2738>tried</ei2738> to do too much on its own. "Absolutely," he said. But while its stock is <ei2740>selling</ei2740> at about half Control Data's estimated breakup value, neither Messrs. Perlman nor Price <ei2741>said</ei2741> they <ei2742>spend</ei2742> much time <ei2743>considering</ei2743> the possibility of a hostile takeover. "We've been <ei2745>listed</ei2745> as a candidate for so long it's not worth worrying about," <ei2747>said</ei2747> Mr. Price. | [
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matres | APW19980227.0468 | {
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} | Allocated funds to help build a museum in honor of Mikhail Kalashnikov, the Russian who gave his name to the world's most widely wielded weapon, according to a news agency report Friday. Kalashnikov designed the AK-47 automatic rifle, famed for its reliability and effectiveness. Together with its derivatives, the Kalashnikov rifle has been used by the police and armies of 55 countries and an assortment of guerrillas, terrorists and just plain thugs around the globe. Seventy-five million copies of the rifle have been built since it entered production in February 1947, making it history's most widely distributed weapon. | <ei104>Allocated</ei104> funds to <ei116>help</ei116> build a museum in honor of Mikhail Kalashnikov, the Russian who <ei108>gave</ei108> his name to the world's most widely wielded weapon, <ei109>according</ei109> to a news agency report Friday. Kalashnikov <ei111>designed</ei111> the AK-47 automatic rifle, famed for its reliability and effectiveness. Together with its derivatives, the Kalashnikov rifle has been <ei112>used</ei112> by the police and armies of 55 countries and an assortment of guerrillas, terrorists and just plain thugs around the globe. Seventy-five million copies of the rifle have been <ei113>built</ei113> since it <ei114>entered</ei114> production in February 1947, making it history's most widely distributed weapon. | [
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matres | wsj_0679 | {
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matres | APW19980626.0364 | {
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} | BONN, Germany (AP) A phony address listed on disclosure forms for a French donor will cost the far-right German People's Union about 549,000 marks (dlrs 305,000), parliament said Friday. Parliamentary president Rita Suessmuth said the People's Union correctly listed Jacques de Mathan as having donated about 274,500 marks in 1995, but gave a false address for him. German law requires parties to publish the name and address of anyone who donates more than 20,000 marks (dlrs 11,000). The anti-foreigner party said it wanted to protect the donor from possible attacks. Suessmuth said, however, that the law does not allow for providing a false address for any reason. The fine is twice the donation, as provided for under German party financing laws. Party spokesman Bernd Droese said the People's Union would challenge the fine in court. The extremist party recently took a surprising 13 percent of the vote in elections in a depressed eastern German state, and hopes to win its first seats in the federal parliament this September. | BONN, Germany (AP) A phony address listed on disclosure forms for a French donor will <ei2113>cost</ei2113> the far-right German People's Union about 549,000 marks (dlrs 305,000), parliament <ei2114>said</ei2114> Friday. Parliamentary president Rita Suessmuth <ei2115>said</ei2115> the People's Union correctly <ei2116>listed</ei2116> Jacques de Mathan as having <ei2117>donated</ei2117> about 274,500 marks in 1995, but <ei2118>gave</ei2118> a false address for him. German law <ei2119>requires</ei2119> parties to publish the name and address of anyone who <ei2121>donates</ei2121> more than 20,000 marks (dlrs 11,000). The anti-foreigner party <ei2122>said</ei2122> it wanted to protect the donor from possible attacks. Suessmuth <ei2126>said</ei2126>, however, that the law does not allow for providing a false address for any reason. The fine is twice the donation, as provided for under German party financing laws. Party spokesman Bernd Droese <ei2129>said</ei2129> the People's Union would challenge the fine in court. The extremist party recently <ei2131>took</ei2131> a surprising 13 percent of the vote in elections in a depressed eastern German state, and <ei2134>hopes</ei2134> to win its first seats in the federal parliament this September. | [
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matres | wsj_0068 | {
"id": "t0",
"text": "11/02/89"
} | said it cut the dividend due to its third-quarter loss of $992,000, or 15 cents a share. In the year-ago quarter, the company reported net income of $1.9 million, or 29 cents a share. The company also adopted an anti-takeover plan. | <ei141>said</ei141> it <ei142>cut</ei142> the dividend due to its third-quarter loss of $992,000, or 15 cents a share. In the year-ago quarter, the company <ei144>reported</ei144> net income of $1.9 million, or 29 cents a share. The company also <ei145>adopted</ei145> an anti-takeover plan. | [
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matres | wsj_0674 | {
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"text": "10/30/89"
} | Jim Pattison Industries Ltd., one of a group of closely held companies owned by entrepreneur James Pattison, said it "intends to seek control" of 30%-owned Innopac Inc., a Toronto packaging concern. Jim Pattison Industries, a holding company with annual sales of about C$1.9 billion, largely from car dealerships and grocery stores, didn't elaborate on the statement, and a company official declined further comment. The company said it currently holds about 4.2 million of Innopac's 13.8 million common shares outstanding, which have an aggregate market value of about C$137.8 million (US$117.3 million). Separately, Innopac reported a fourth-quarter loss of about C$2.6 million, or C$0.18 a share, reflecting inventory write-downs. The results made net income for the year ended Aug. 31 C$2.7 million, or C$0.20 a share, down from C$9.7 million, or C$0.70 a share last year. Revenue was C$291.6 million, up from C$252 million in 1988. Martin Fabi, Innopac's president and chief executive, said Innopac viewed Mr. Pattison's decision to seek control as a "very positive" move. "I'm happy that he feels positively about our company," he said. Mr. Fabi wouldn't say directly whether Mr. Pattison has disclosed potential terms for his planned bid for control. Among other things, Innopac is involved in recycling polystyrene foam products that are often used by fast food chains, such as McDonald's Corp., for food packaging. A joint venture involving units of Innopac and Mobil Corp. earlier this year opened the first U.S. polystyrene recycling plant, in Leominster, Mass. | Jim Pattison Industries Ltd., one of a group of closely held companies owned by entrepreneur James Pattison, <ei1990>said</ei1990> it "<ei1991>intends</ei1991> to seek control" of 30%-owned Innopac Inc., a Toronto packaging concern. Jim Pattison Industries, a holding company with annual sales of about C$1.9 billion, largely from car dealerships and grocery stores, didn't elaborate on the statement, and a company official <ei1996>declined</ei1996> further comment. The company <ei1998>said</ei1998> it currently <ei1999>holds</ei1999> about 4.2 million of Innopac's 13.8 million common shares outstanding, which <ei2000>have</ei2000> an aggregate market value of about C$137.8 million (US$117.3 million). Separately, Innopac <ei2001>reported</ei2001> a fourth-quarter loss of about C$2.6 million, or C$0.18 a share, reflecting inventory write-downs. The results <ei2005>made</ei2005> net income for the year ended Aug. 31 C$2.7 million, or C$0.20 a share, down from C$9.7 million, or C$0.70 a share last year. Revenue was C$291.6 million, up from C$252 million in 1988. Martin Fabi, Innopac's president and chief executive, <ei2010>said</ei2010> Innopac <ei2011>viewed</ei2011> Mr. Pattison's decision to seek control as a "very positive" move. "I'm happy that he <ei2017>feels</ei2017> positively about our company," he <ei2018>said</ei2018>. Mr. Fabi wouldn't say directly whether Mr. Pattison has disclosed potential terms for his planned bid for control. Among other things, Innopac is involved in recycling polystyrene foam products that are often used by fast food chains, such as McDonald's Corp., for food packaging. A joint venture involving units of Innopac and Mobil Corp. earlier this year opened the first U.S. polystyrene recycling plant, in Leominster, Mass. | [
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matres | wsj_0157 | {
"id": "t0",
"text": "11/02/89"
} | Tony Lama Co. said that Equus Investment II Limited Partnership has proposed changing its offer for the company to $13.65 in cash and stock from an all-cash transaction. Under the terms of the new proposal, Equus, managed by Equus Capital Corp., Houston, would pay $12 cash and one new preferred share with a liquidation preference of $1.65 per share for each of Tony Lama's 2.1 million outstanding shares. Previously, it offered $13.65 per share in cash, or $29 million. The El Paso, Texas, maker of Western boots and leather accessories said the preferred stock would accrue dividends at a 12% annual rate, but that dividends would not be paid for the first two years. The stock would be redeemed in five years, subject to the terms of the surviving company's debt. Neither Equus nor Tony Lama gave a reason for the changed offer, and Tony Lama could not be reached for comment. However, Tony Lama said it would promptly submit the offer to a special committee of the company's board. | Tony Lama Co. <ei2195>said</ei2195> that Equus Investment II Limited Partnership has <ei2196>proposed</ei2196> changing its offer for the company to $13.65 in cash and stock from an all-cash transaction. Under the terms of the new proposal, Equus, managed by Equus Capital Corp., Houston, would pay $12 cash and one new preferred share with a liquidation preference of $1.65 per share for each of Tony Lama's 2.1 million outstanding shares. Previously, it <ei2202>offered</ei2202> $13.65 per share in cash, or $29 million. The El Paso, Texas, maker of Western boots and leather accessories <ei2203>said</ei2203> the preferred stock would accrue dividends at a 12% annual rate, but that dividends would not be paid for the first two years. The stock would be redeemed in five years, subject to the terms of the surviving company's debt. Neither Equus nor Tony Lama gave a reason for the changed offer, and Tony Lama could not be reached for comment. However, Tony Lama said it would promptly submit the offer to a special committee of the company's board. | [
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matres | NYT19980212.0019 | {
"id": "t0",
"text": "02/12/1998 01:58:00"
} | Watching her clothes dry in a laundromat, a Brooklyn woman was killed Thursday evening when two would-be robbers emptied their pistols into the store, the police said. The men appeared in the store at 469 Vermont St. in Brownsville around 7:15 p.m., after the victim, Linda Sanders, 35, had finished her cleaning and was waiting for her clothes to dry, detectives said. ``It looks as though they panicked,'' a detective, speaking on condition of anonymity, said of the robbers. ``They intended to rob the place. There were four or five people inside, and they just started firing.'' Ms. Sanders was hit several times and was pronounced dead at the scene. The other customers fled, and the police said it did not appear that anyone else was injured. The men took no money from their victim or from the establishment, said Detective Joseph Pentangelo, a Police Department spokesman. Victor Miranda, who lives in Ms. Sanders' apartment building at 405 Williams Ave., said the laundry machines in the building were removed a few years ago to make room for management offices. | <ei210>Watching</ei210> her clothes dry in a laundromat, a Brooklyn woman was <ei211>killed</ei211> Thursday evening when two would-be robbers <ei212>emptied</ei212> their pistols into the store, the police <ei213>said</ei213>. The men <ei214>appeared</ei214> in the store at 469 Vermont St. in Brownsville around 7:15 p.m., after the victim, Linda Sanders, 35, had <ei215>finished</ei215> her <ei216>cleaning</ei216> and was <ei217>waiting</ei217> for her clothes to dry, detectives <ei219>said</ei219>. ``It looks as though they <ei221>panicked</ei221>,'' a detective, <ei222>speaking</ei222> on condition of anonymity, <ei223>said</ei223> of the robbers. ``They <ei224>intended</ei224> to rob the place. There were four or five people inside, and they just <ei226>started</ei226> firing.'' Ms. Sanders was <ei228>hit</ei228> several times and was <ei229>pronounced</ei229> dead at the scene. The other customers <ei231>fled</ei231>, and the police <ei232>said</ei232> it did not appear that anyone else was <ei234>injured</ei234>. The men <ei235>took</ei235> no money from their victim or from the establishment, <ei236>said</ei236> Detective Joseph Pentangelo, a Police Department spokesman. Victor Miranda, who <ei237>lives</ei237> in Ms. Sanders' apartment building at 405 Williams Ave., <ei238>said</ei238> the laundry machines in the building were <ei239>removed</ei239> a few years ago to <ei240>make</ei240> room for management offices. | [
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matres | PRI19980115.2000.0186 | {
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} | Former savings and loan chief, Charles Keating, is facing more legal troubles in California. A federal appeals court has reinstated his state convictions for securities fraud. NPR's Elaine Corey has more from San Francisco. In 1991, Charles Keating was convicted in state court of helping to defraud thousands of investors who bought high-risk junk bonds sold by Keating's employees at Lincoln Savings and Loan. The bonds became worthless when the bankrupt thrift was seized by government regulators. Keating's convictions were thrown out in 1996 on a technicality. On that basis, Keating was released from prison before he was eligible for parole. Now the Ninth U.S. Circuit Court of Appeals has ruled that the original appeal was flawed since it raised issues that had not been raised before. That means the convictions stand, a ruling likely to send Keating's lawyers back to state court where they must start over with a new appeal. Elaine Corey, NPR News, San Francisco. | Former savings and loan chief, Charles Keating, is <ei2268>facing</ei2268> more legal troubles in California. A federal appeals court has <ei2270>reinstated</ei2270> his state convictions for securities fraud. NPR's Elaine Corey has more from San Francisco. In 1991, Charles Keating was <ei2274>convicted</ei2274> in state court of <ei2275>helping</ei2275> to <ei2276>defraud</ei2276> thousands of investors who <ei2277>bought</ei2277> high-risk junk bonds <ei2278>sold</ei2278> by Keating's employees at Lincoln Savings and Loan. The bonds <ei2279>became</ei2279> worthless when the bankrupt thrift was <ei2282>seized</ei2282> by government regulators. Keating's convictions were <ei2284>thrown</ei2284> out in 1996 on a technicality. On that basis, Keating was <ei2285>released</ei2285> from prison before he was eligible for parole. Now the Ninth U.S. Circuit Court of Appeals has <ei2288>ruled</ei2288> that the original appeal was <ei2290>flawed</ei2290> since it <ei2291>raised</ei2291> issues that had not been raised before. That means the convictions stand, a ruling likely to send Keating's lawyers back to state court where they must <ei2299>start</ei2299> over with a new appeal. Elaine Corey, NPR News, San Francisco. | [
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matres | wsj_0184 | {
"id": "t0",
"text": "11/02/89"
} | Upjohn Co. said it will offer an early retirement package to as many as 1,100 employees in a cost-cutting move expected to result in a fourth-quarter charge. Upjohn officials said they couldn't estimate the size of the charge until they determine which employees, and how many, will participate in the retirement plan. But the pharmaceutical company said it "anticipates the long-term savings resulting from the plan's implementation will more than offset short-term costs." The program, available to Upjohn employees 55 years old or older, could increase an individual's retirement benefits by 10% to 20%. In addition, Upjohn is offering a one-time retirement bonus equal to six months of base pay. Chairman Theodore Cooper called the program part of the company's two-year strategy to implement budget constraints and "an effective headcount-control program." But some analysts questioned how much of an impact the retirement package will have, because few jobs will end up being eliminated. "It's a cosmetic move," said Jonathan S. Gelles of Wertheim Schroder & Co. According to Upjohn's estimates, only 50% to 60% of the 1,100 eligible employees will take advantage of the plan. Upjohn further estimated that about 50% of the employees who leave for early retirement may be replaced. As a result, Upjohn will likely trim only about 275 to 350 of its more than 21,000 jobs worldwide. In composite trading on the New York Stock Exchange yesterday, Upjohn shares rose 87.5 cents to $38.875 apiece. An Upjohn spokesman said he had "heard nothing" to suggest the early retirement package was spurred by shareholder pressure or a potential bidder for the company, which occasionally has been the target of takeover speculation. The company earlier this year adopted a shareholder-rights plan to ward off unwanted suitors. The spokesman said it is the first early retirement plan offered under its two-year cost-control strategy. Earlier staff-reduction moves have trimmed about 300 jobs, the spokesman said. | Upjohn Co. <ei421>said</ei421> it will offer an early retirement package to as many as 1,100 employees in a cost-cutting move expected to result in a fourth-quarter charge. Upjohn officials <ei428>said</ei428> they couldn't estimate the size of the charge until they determine which employees, and how many, will participate in the retirement plan. But the pharmaceutical company <ei433>said</ei433> it "<ei434>anticipates</ei434> the long-term savings resulting from the plan's implementation will more than <ei435>offset</ei435> short-term costs." The program, available to Upjohn employees 55 years old or older, could increase an individual's retirement benefits by 10% to 20%. In addition, Upjohn is <ei437>offering</ei437> a one-time retirement bonus equal to six months of base pay. Chairman Theodore Cooper <ei438>called</ei438> the program part of the company's two-year strategy to implement budget constraints and "an effective headcount-control program." But some analysts <ei443>questioned</ei443> how much of an impact the retirement package will have, because few jobs will end up being eliminated. "It's a cosmetic move," <ei449>said</ei449> Jonathan S. Gelles of Wertheim Schroder & Co. According to Upjohn's estimates, only 50% to 60% of the 1,100 eligible employees will take advantage of the plan. Upjohn further estimated that about 50% of the employees who leave for early retirement may be replaced. As a result, Upjohn will likely trim only about 275 to 350 of its more than 21,000 jobs worldwide. In composite trading on the New York Stock Exchange yesterday, Upjohn shares <ei457>rose</ei457> 87.5 cents to $38.875 apiece. An Upjohn spokesman <ei458>said</ei458> he had "heard nothing" to suggest the early retirement package was <ei461>spurred</ei461> by shareholder pressure or a potential bidder for the company, which occasionally has been the target of takeover speculation. The company earlier this year <ei466>adopted</ei466> a shareholder-rights plan to ward off unwanted suitors. The spokesman <ei468>said</ei468> it is the first early retirement plan <ei470>offered</ei470> under its two-year cost-control strategy. Earlier staff-reduction moves have <ei472>trimmed</ei472> about 300 jobs, the spokesman <ei473>said</ei473>. | [
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matres | wsj_0585 | {
"id": "t0",
"text": "10/30/89"
} | making it tough for traders to make money," declares Robert Antolini, head of OTC trading at Donaldson, Lufkin & Jenrette. Stock-index arbitrage -- the computer-guided buying and selling of stocks with offsetting trades in stock-index futures to profit from fleeting price discrepancies -- affects the OTC market directly through the 31 stocks included in Standard & Poor's 500-stock index. The S&P 500 is often used in arbitrage strategies. The portion of OTC volume attributable to program trading isn't known, as it is on the New York Stock Exchange, where it amounted to more than 13% in September. Estimates from traders put it at less than 5% of Nasdaq's average daily volume of roughly 133 million shares. Other market-maker gripes: Program trading also causes the Nasdaq Composite Index to lose ground against other segments of the stock market. Because of program trading, it is more difficult to trade many OTC stocks without sharp price moves, a condition known as illiquidity. Moreover, the price volatility that is amplified by program trading is undercutting efforts to woo individual investors back to an OTC market that sorely misses them. Some of these problems are neither new nor unique to the OTC market. But the big, often tumultuous slide in stock prices this month has turned some of those who have been profiting from the practice against it. Peter DaPuzzo, head of retail equity trading at Shearson Lehman Hutton, acknowledges that he wasn't troubled by program trading when it began in the pre-crash bull market because it added liquidity and people were pleased to see stock prices rising. "We weren't as concerned until they became sell programs," says Mr. DaPuzzo, who now thinks it adds unnecessary volatility. Shearson Lehman, however, executes program trades for clients. Merrill Lynch, Goldman Sachs and Kidder Peabody, in addition to Shearson, do program-trade OTC stocks. Shearson, Merrill Lynch and Goldman Sachs say they do so only for customers, however. Kidder Peabody does program trading for its own as well as clients' accounts. Of course, there were sell programs in past years, too, but they seem to hurt market makers more painfully these days. That's largely because of defensive measures they adopted after the 1987 crash, when individual investors fled the market and trading activity dwindled. Market makers, to cut costs, slashed inventories of stocks they keep on hand to sell investors when other holders aren't selling. And to protect their reduced capital investment from eroding further, market makers became quicker to lower price quotes when sell programs are in progress. On days when prices are tumbling, they must be willing to buy shares from sellers when no one else will. In such an environment, market makers can suffer huge losses both on trades made that day at steadily dropping prices and in the value of their inventories of shares. "It makes no sense for us to put money at risk when you know you're going to lose," says Mr. Antolini, of Donaldson Lufkin. But this skittishness, Mr. Antolini says, is creating liquidity problems in certain OTC stocks. "It's harder to sell stocks when the sell programs come in because some market makers don't want to {take the orders}. No one has big positions and no one wants to take big risks." Joseph Hardiman, president of the National Association of Securities Dealers, which oversees trading on Nasdaq, agrees that program trading is hurting the market's efforts to bring back small investors. But, he observes, while makers suffer losses when program trading drags the market down, they also make money when program trading pushes the prices higher. "Sometimes {traders} lose sight of that," he says. The OTC stocks in the S&P 500 include Nasdaq's biggest, such as Apple Computer, MCI Communications, Tele-Communications and Liz Claiborne. These big stocks greatly influence the Nasdaq Composite Index. When the computers say "sell," the composite tumbles as well as the Dow Jones Industrial Average. The problem, market makers say, is that while the industrial average and the S&P 500 usually recover as buy programs kick in, the Nasdaq Composite frequently is left behind. Eight trading days after October 12, the day before the stock market plunge, for instance, the Nasdaq Composite had fallen 4.3%, compared with 3.3% for the S&P 500, 3.5% for the New York Stock Exchange Composite Index and 3.6% for the industrial average. This gap eventually closes, but slowly. Three days later, as of Friday's close, the Nasdaq Composite was down 6%, compared with 5.9% for the industrial average, 5.7% for the S&P 500 and 5.8% for the Big Board Composite. The main reason for this lag is that individual investors own 65% of the OTC market's capitalization, according to Mr. Hardiman, much more than on the Big Board. Such investors tend to be more cautious than institutional investors are about re-entering the market after massive selloffs, market makers say. The Nasdaq Composite Index tumbled 5.39, or 1.2% to 452.76 on Friday. For the week, the index dropped 3.8%. Weakness in big technology stocks hurt the composite as well as the Nasdaq 100 Index, which fell 1.4%, or 6.43, on Friday, to 437.68. The Nasdaq Financial Index lost about 1%, or 3.95, to 448.80. Friday's trading volume totaled 132.8 million shares. The average daily share turnover for October is almost 148 million shares. LIN Broadcasting surged 4 5/8 to 112 5/8; LIN and BellSouth sweetened their merger agreement in an attempt to keep shareholders from tendering their shares to McCaw Cellular Communications. McCaw, which dropped 2 1/2 to 37 3/4, has offered $125 a share for a majority of LIN's shares. The revised LIN-BellSouth agreement boosts the dollar amount of the special dividend LIN promises to pay shareholders. LIN now plans to dole out $42 a share in cash, up from the earlier $20 amount. Intel eased 1/8 to 31 7/8. The semiconductor concern said the interruption in shipment of its 80486 computer chip will be brief and have little impact on the company's earnings. The stock fell 7/8 Thursday amid concerns over problems discovered with the chip. Intel told analysts that the company will resume shipments of the chips within two to three weeks. Weisfield's rocketed 9 1/2 to 39 after the jewelry store operator said it is in preliminary discussions, with a party it wouldn't identify, regarding the possible acquisition of the company. Starpointe Savings Bank rose 3 to 20 after the Federal Deposit Insurance Corp. approved Dime Savings Bank of New York's $21-a-share acquisition of Starpointe. Kirschner Medical fell 4 to 15. The company said its third-quarter earnings will probably be lower than the 16 cents a share it reported last year, despite a rise in the company's revenue. Kirschner earned $376,000 on revenue of $14.5 million in the 1988 quarter. The company blamed a number of factors for the earnings decline, including softer sales of joint-implants. | <ei1991>making</ei1991> it tough for traders to make money," <ei1992>declares</ei1992> Robert Antolini, head of OTC trading at Donaldson, Lufkin & Jenrette. Stock-index arbitrage -- the computer-guided buying and selling of stocks with offsetting trades in stock-index futures to profit from fleeting price discrepancies -- <ei1994>affects</ei1994> the OTC market directly through the 31 stocks included in Standard & Poor's 500-stock index. The S&P 500 is often used in arbitrage strategies. The portion of OTC volume attributable to program trading isn't known, as it is on the New York Stock Exchange, where it amounted to more than 13% in September. Estimates from traders put it at less than 5% of Nasdaq's average daily volume of roughly 133 million shares. Other market-maker gripes: Program trading also <ei2001>causes</ei2001> the Nasdaq Composite Index to <ei2002>lose</ei2002> ground against other segments of the stock market. Because of program trading, it is more difficult to trade many OTC stocks without sharp price moves, a condition known as illiquidity. Moreover, the price volatility that is <ei2008>amplified</ei2008> by program trading is <ei2010>undercutting</ei2010> efforts to woo individual investors back to an OTC market that sorely <ei2013>misses</ei2013> them. Some of these problems are neither new nor unique to the OTC market. But the big, often tumultuous slide in stock prices this month has <ei2016>turned</ei2016> some of those who have been <ei2017>profiting</ei2017> from the practice against it. Peter DaPuzzo, head of retail equity trading at Shearson Lehman Hutton, <ei2019>acknowledges</ei2019> that he wasn't troubled by program trading when it <ei2022>began</ei2022> in the pre-crash bull market because it <ei2024>added</ei2024> liquidity and people were pleased to see stock prices <ei2027>rising</ei2027>. "We weren't as concerned until they <ei2029>became</ei2029> sell programs," <ei2030>says</ei2030> Mr. DaPuzzo, who now <ei2031>thinks</ei2031> it <ei2032>adds</ei2032> unnecessary volatility. Shearson Lehman, however, executes program trades for clients. Merrill Lynch, Goldman Sachs and Kidder Peabody, in addition to Shearson, do program-trade OTC stocks. Shearson, Merrill Lynch and Goldman Sachs say they do so only for customers, however. Kidder Peabody does program trading for its own as well as clients' accounts. Of course, there were sell programs in past years, too, but they <ei2034>seem</ei2034> to hurt market makers more painfully these days. That's largely because of defensive measures they <ei2036>adopted</ei2036> after the 1987 crash, when individual investors <ei2038>fled</ei2038> the market and trading activity <ei2039>dwindled</ei2039>. Market makers, to <ei2040>cut</ei2040> costs, <ei2041>slashed</ei2041> inventories of stocks they keep on hand to sell investors when other holders aren't selling. And to protect their reduced capital investment from <ei2043>eroding</ei2043> further, market makers became quicker to lower price quotes when sell programs are in progress. On days when prices are tumbling, they must be willing to buy shares from sellers when no one else will. In such an environment, market makers can suffer huge losses both on trades made that day at steadily dropping prices and in the value of their inventories of shares. "It makes no sense for us to put money at risk when you <ei2053>know</ei2053> you're going to lose," <ei2055>says</ei2055> Mr. Antolini, of Donaldson Lufkin. But this skittishness, Mr. Antolini says, is <ei2058>creating</ei2058> liquidity problems in certain OTC stocks. "It's harder to sell stocks when the sell programs come in because some market makers don't want to {take the orders}. No one has big positions and no one wants to take big risks." Joseph Hardiman, president of the National Association of Securities Dealers, which oversees trading on Nasdaq, <ei2060>agrees</ei2060> that program trading is <ei2061>hurting</ei2061> the market's efforts to bring back small investors. But, he <ei2064>observes</ei2064>, while makers <ei2065>suffer</ei2065> losses when program trading <ei2067>drags</ei2067> the market down, they also <ei2068>make</ei2068> money when program trading <ei2069>pushes</ei2069> the prices higher. "Sometimes {traders} lose sight of that," he <ei2071>says</ei2071>. The OTC stocks in the S&P 500 include Nasdaq's biggest, such as Apple Computer, MCI Communications, Tele-Communications and Liz Claiborne. These big stocks greatly influence the Nasdaq Composite Index. When the computers say "sell," the composite tumbles as well as the Dow Jones Industrial Average. The problem, market makers say, is that while the industrial average and the S&P 500 usually recover as buy programs kick in, the Nasdaq Composite frequently is left behind. Eight trading days after October 12, the day before the stock market plunge, for instance, the Nasdaq Composite had <ei2073>fallen</ei2073> 4.3%, compared with 3.3% for the S&P 500, 3.5% for the New York Stock Exchange Composite Index and 3.6% for the industrial average. This gap eventually <ei2074>closes</ei2074>, but slowly. Three days later, as of Friday's close, the Nasdaq Composite was down 6%, compared with 5.9% for the industrial average, 5.7% for the S&P 500 and 5.8% for the Big Board Composite. The main reason for this lag is that individual investors own 65% of the OTC market's capitalization, according to Mr. Hardiman, much more than on the Big Board. Such investors tend to be more cautious than institutional investors are about re-entering the market after massive selloffs, market makers say. The Nasdaq Composite Index <ei2080>tumbled</ei2080> 5.39, or 1.2% to 452.76 on Friday. For the week, the index <ei2082>dropped</ei2082> 3.8%. Weakness in big technology stocks <ei2084>hurt</ei2084> the composite as well as the Nasdaq 100 Index, which <ei2085>fell</ei2085> 1.4%, or 6.43, on Friday, to 437.68. The Nasdaq Financial Index <ei2087>lost</ei2087> about 1%, or 3.95, to 448.80. Friday's trading volume <ei2089>totaled</ei2089> 132.8 million shares. The average daily share turnover for October is almost 148 million shares. LIN Broadcasting <ei2091>surged</ei2091> 4 5/8 to 112 5/8; LIN and BellSouth <ei2092>sweetened</ei2092> their merger agreement in an attempt to keep shareholders from tendering their shares to McCaw Cellular Communications. McCaw, which <ei2096>dropped</ei2096> 2 1/2 to 37 3/4, has <ei2097>offered</ei2097> $125 a share for a majority of LIN's shares. The revised LIN-BellSouth agreement <ei2099>boosts</ei2099> the dollar amount of the special dividend LIN promises to pay shareholders. LIN now plans to dole out $42 a share in cash, up from the earlier $20 amount. Intel <ei2103>eased</ei2103> 1/8 to 31 7/8. The semiconductor concern <ei2104>said</ei2104> the interruption in shipment of its 80486 computer chip will be brief and have little impact on the company's earnings. The stock <ei2110>fell</ei2110> 7/8 Thursday amid concerns over problems discovered with the chip. Intel <ei2113>told</ei2113> analysts that the company will resume shipments of the chips within two to three weeks. Weisfield's <ei2116>rocketed</ei2116> 9 1/2 to 39 after the jewelry store operator <ei2117>said</ei2117> it is in preliminary discussions, with a party it wouldn't identify, regarding the possible acquisition of the company. Starpointe Savings Bank <ei2121>rose</ei2121> 3 to 20 after the Federal Deposit Insurance Corp. <ei2122>approved</ei2122> Dime Savings Bank of New York's $21-a-share acquisition of Starpointe. Kirschner Medical <ei2124>fell</ei2124> 4 to 15. The company <ei2126>said</ei2126> its third-quarter earnings will probably be lower than the 16 cents a share it <ei2129>reported</ei2129> last year, despite a rise in the company's revenue. Kirschner <ei2131>earned</ei2131> $376,000 on revenue of $14.5 million in the 1988 quarter. The company <ei2132>blamed</ei2132> a number of factors for the earnings decline, including softer sales of joint-implants. | [
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matres | wsj_0555 | {
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} | Waxman Industries Inc. said holders of $6,542,000 face amount of its 6 1/4% convertible subordinated debentures, due March 15, 2007, have elected to convert the debt into about 683,000 common shares. The conversion price is $9.58 a share. The company said the holders represent 52% of the face amount of the debentures. Waxman sells a variety of hardware products for the home repair market. | Waxman Industries Inc. <ei44>said</ei44> holders of $6,542,000 face amount of its 6 1/4% convertible subordinated debentures, due March 15, 2007, have <ei46>elected</ei46> to <ei47>convert</ei47> the debt into about 683,000 common shares. The conversion price is $9.58 a share. The company <ei48>said</ei48> the holders <ei49>represent</ei49> 52% of the face amount of the debentures. Waxman sells a variety of hardware products for the home repair market. | [
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matres | ABC19980108.1830.0711 | {
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} | helping. In the last twenty-four hours, the value of the Indonesian stock market has fallen by twelve percent. The Indonesian currency has lost twenty-six percent of its value. In Singapore, stocks hit a five-year low. In the Philippines, a four-year low. And in Hong Kong, a three percent drop. More problems in Hong Kong for an economy that many experts thought was once invincible. Here's ABC's Jim Laurie. Not that long ago, before the Chinese takeover, the news about real estate here was that the sky was the limit—the highest prices in the world. So when Wong Kwan spent seventy million dollars for this house, he thought it was a great deal. He sold the property to five buyers and said he'd double his money. In Hong Kong, it is always a seller's market. Now, with new construction under way, three of his buyers have backed out. And Wong Kwan will be lucky to break even. All across Hong Kong, the property market has crashed. Pamela Pak owns eight condominiums here. Pak can't find buyers. She estimates her properties, worth one hundred thirty million dollars in October, are worth only half that now. They believe it would always be going up forever. Nobody believes this anymore. Of all of Asia's economies, Hong Kong is the most robust. But in the past three months, stocks have plunged, interest rates have soared, and the downturn all across Asia means that people are not spending here. Hotels are only thirty percent full. You can get seventy percent discounts at the shopping malls. Three-thousand-dollar pearls for eight hundred dollars. A two-hundred-dollar wool jacket for fifty dollars. Still, there are few buyers. And at the big brokerage houses, after ten years of boom, they're talking about layoffs. I think that the mood is fairly gloomy, and I think it's not going to change for a couple of years. So for Hong Kong, it's time, as investment bankers like to say, to reposition—to either hold on tight or get out, as much of Asia goes into recession. Jim Laurie, ABC News, Hong Kong. | <ei378>helping</ei378>. In the last twenty-four hours, the value of the Indonesian stock market has <ei379>fallen</ei379> by twelve percent. The Indonesian currency has <ei380>lost</ei380> twenty-six percent of its value. In Singapore, stocks <ei381>hit</ei381> a five-year low. In the Philippines, a four-year low. And in Hong Kong, a three percent drop. More problems in Hong Kong for an economy that many experts thought was once invincible. Here's ABC's Jim Laurie. Not that long ago, before the Chinese takeover, the news about real estate here was that the sky was the limit—the highest prices in the world. So when Wong Kwan <ei388>spent</ei388> seventy million dollars for this house, he <ei389>thought</ei389> it was a great deal. He <ei391>sold</ei391> the property to five buyers and <ei392>said</ei392> he'd double his money. In Hong Kong, it is always a seller's market. Now, with new construction under way, three of his buyers have backed out. And Wong Kwan will be lucky to break even. All across Hong Kong, the property market has <ei399>crashed</ei399>. Pamela Pak <ei400>owns</ei400> eight condominiums here. Pak can't find buyers. She <ei402>estimates</ei402> her properties, worth one hundred thirty million dollars in October, are worth only half that now. They <ei405>believe</ei405> it would always be going up forever. Nobody believes this anymore. Of all of Asia's economies, Hong Kong is the most robust. But in the past three months, stocks have <ei408>plunged</ei408>, interest rates have <ei409>soared</ei409>, and the downturn all across Asia means that people are not spending here. Hotels are only thirty percent full. You can get seventy percent discounts at the shopping malls. Three-thousand-dollar pearls for eight hundred dollars. A two-hundred-dollar wool jacket for fifty dollars. Still, there are few buyers. And at the big brokerage houses, after ten years of boom, they're <ei418>talking</ei418> about layoffs. I <ei420>think</ei420> that the mood is fairly gloomy, and I <ei422>think</ei422> it's not going to change for a couple of years. So for Hong Kong, it's time, as investment bankers like to say, to reposition—to either hold on tight or get out, as much of Asia goes into recession. Jim Laurie, ABC News, Hong Kong. | [
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matres | wsj_0981 | {
"id": "t0",
"text": "10/26/89"
} | acquired are the Tropicana Country Club and Golf Course, a facility jointly owned by Ramada Inc. of Phoenix, Arizona, and the Jaffe family, and a small parcel owned by MGM Grand director James D. Aljian. The purchase price was disclosed in a preliminary prospectus issued in connection with MGM Grand's planned offering of six million common shares. The luxury airline and casino company, 98.6%-owned by investor Kirk Kerkorian and his Tracinda Corp., earlier this month announced its agreements to acquire the properties, but didn't disclose the purchase price. The proposed stock offering and issuance of nearly 1.8 million common shares in connection with the land purchase will bring MGM Grand's total shares outstanding to 28.7 million, of which 72% will be owned by Mr. Kerkorian and Tracinda, according to the prospectus. In over-the-counter trading, MGM Grand was bid at $17.50 a share. Proceeds from the offering are expected to be used for remodeling the company's Desert Inn resort in Las Vegas, refurbishing certain aircraft of the MGM Grand Air unit, and to acquire the property for the new resort. The company said it estimates the Desert Inn remodeling will cost about $32 million, and the refurbishment of the three DC-8-62 aircraft, made by McDonnell Douglas Corp., will cost around $24.5 million. MGM Grand said the latest stock offering won't cover the $600 million or more cost of building the proposed resort and theme park, and added it will need to seek additional financing, either through bank borrowings or debt and equity offerings, at a later date. Construction is set to begin in early 1991. The resort will include the MGM Grand Hotel, a multi-spired, castle-like facility that will include 5,000 rooms and 85,000 square feet of casino space. The facility will be marketed toward families, and room rates will be between $35 and $55 a night, MGM Grand said. The prospectus didn't include many details about the studio and theme park, although conceptual drawings, released this month, show that it may feature several "themed" areas similar to those found at parks built by Walt Disney Co. | <ei2280>acquired</ei2280> are the Tropicana Country Club and Golf Course, a facility jointly owned by Ramada Inc. of Phoenix, Arizona, and the Jaffe family, and a small parcel owned by MGM Grand director James D. Aljian. The purchase price was <ei2281>disclosed</ei2281> in a preliminary prospectus <ei2282>issued</ei2282> in connection with MGM Grand's planned offering of six million common shares. The luxury airline and casino company, 98.6%-owned by investor Kirk Kerkorian and his Tracinda Corp., earlier this month <ei2283>announced</ei2283> its agreements to acquire the properties, but didn't disclose the purchase price. The proposed stock offering and issuance of nearly 1.8 million common shares in connection with the land purchase will bring MGM Grand's total shares outstanding to 28.7 million, of which 72% will be <ei2291>owned</ei2291> by Mr. Kerkorian and Tracinda, <ei2292>according</ei2292> to the prospectus. In over-the-counter trading, MGM Grand was bid at $17.50 a share. Proceeds from the offering are expected to be used for remodeling the company's Desert Inn resort in Las Vegas, refurbishing certain aircraft of the MGM Grand Air unit, and to acquire the property for the new resort. The company <ei2300>said</ei2300> it estimates the Desert Inn remodeling will cost about $32 million, and the refurbishment of the three DC-8-62 aircraft, made by McDonnell Douglas Corp., will cost around $24.5 million. MGM Grand <ei2307>said</ei2307> the latest stock offering won't cover the $600 million or more cost of building the proposed resort and theme park, and <ei2311>added</ei2311> it will <ei2312>need</ei2312> to seek additional financing, either through bank borrowings or debt and equity offerings, at a later date. Construction is <ei2315>set</ei2315> to <ei2316>begin</ei2316> in early 1991. The resort will include the MGM Grand Hotel, a multi-spired, castle-like facility that will include 5,000 rooms and 85,000 square feet of casino space. The facility will be marketed toward families, and room rates will be between $35 and $55 a night, MGM Grand <ei2319>said</ei2319>. The prospectus didn't include many details about the studio and theme park, although conceptual drawings, <ei2321>released</ei2321> this month, <ei2322>show</ei2322> that it may feature several "themed" areas similar to those found at parks built by Walt Disney Co. | [
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matres | wsj_0127 | {
"id": "t0",
"text": "11/02/89"
} | Reed International PLC said that net income for the six months ended October 1 slipped 5% to £89.7 million ($141.9 million), or 16 pence a share, from £94.8 million ($149.9 million), or 17.3 pence a share. The British paper, packaging and publishing concern said profit from continuing operations fell 10% to £118 million from £130.6 million. While there were no one-time gains or losses in the latest period, there was a one-time gain of £18 million in the 1988 period. And while there was no profit this year from discontinued operations, last year they contributed £34 million before tax. Pretax profit fell 3.7% to £128 million from £133 million and was below analysts' expectations of £130 million to £135 million, but shares rose 6 pence to 388 pence in early trading yesterday in London. Reed is paying an interim dividend of 4.6 pence, up 15% from 4 pence a year earlier. Sales fell 2% to £722 million. Earnings were hurt by the disposal of operations in its restructuring, Reed said. | Reed International PLC <ei2151>said</ei2151> that net income for the six months <ei2153>ended</ei2153> October 1 <ei2154>slipped</ei2154> 5% to £89.7 million ($141.9 million), or 16 pence a share, from £94.8 million ($149.9 million), or 17.3 pence a share. The British paper, packaging and publishing concern <ei2155>said</ei2155> profit from continuing operations <ei2156>fell</ei2156> 10% to £118 million from £130.6 million. While there were no one-time gains or losses in the latest period, there was a one-time gain of £18 million in the 1988 period. And while there was no profit this year from discontinued operations, last year they contributed £34 million before tax. Pretax profit <ei2164>fell</ei2164> 3.7% to £128 million from £133 million and was below analysts' expectations of £130 million to £135 million, but shares rose 6 pence to 388 pence in early trading yesterday in London. Reed is <ei2168>paying</ei2168> an interim dividend of 4.6 pence, up 15% from 4 pence a year earlier. Sales <ei2170>fell</ei2170> 2% to £722 million. Earnings were hurt by the disposal of operations in its restructuring, Reed <ei2174>said</ei2174>. | [
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{
"relation": "SIMULTANEOUS",
"source": "ei2164",
"target": "ei2168"
},
{
"relation": "BEFORE",
"source": "ei2168",
"target": "ei2170"
},
{
"relation": "AFTER",
"source": "ei2170",
"target": "ei2174"
}
] | [
{
"relation": "=",
"source": "start ei2164",
"target": "start ei2168"
},
{
"relation": ">",
"source": "start ei2170",
"target": "start ei2174"
},
{
"relation": "=",
"source": "start ei2153",
"target": "start ei2155"
},
{
"relation": ">",
"source": "start ei2154",
"target": "start ei2155"
},
{
"relation": "<",
"source": "start ei2164",
"target": "start ei2170"
},
{
"relation": "<",
"source": "start ei2168",
"target": "start ei2170"
},
{
"relation": ">",
"source": "start ei2151",
"target": "start ei2155"
},
{
"relation": ">",
"source": "start ei2151",
"target": "start ei2153"
},
{
"relation": "<",
"source": "start ei2153",
"target": "start ei2154"
},
{
"relation": ">",
"source": "start ei2151",
"target": "start ei2154"
}
] | [
{
"relation": "SIMULTANEOUS",
"source": "ei2164",
"target": "ei2168"
},
{
"relation": "BEFORE",
"source": "ei2164",
"target": "ei2170"
},
{
"relation": "BEFORE",
"source": "ei2168",
"target": "ei2170"
},
{
"relation": "AFTER",
"source": "ei2170",
"target": "ei2174"
},
{
"relation": "AFTER",
"source": "ei2151",
"target": "ei2154"
},
{
"relation": "AFTER",
"source": "ei2151",
"target": "ei2153"
},
{
"relation": "SIMULTANEOUS",
"source": "ei2153",
"target": "ei2155"
},
{
"relation": "AFTER",
"source": "ei2154",
"target": "ei2155"
},
{
"relation": "AFTER",
"source": "ei2151",
"target": "ei2155"
},
{
"relation": "BEFORE",
"source": "ei2153",
"target": "ei2154"
}
] | [
{
"relation": "=",
"source": "start ei2164",
"target": "start ei2168"
},
{
"relation": ">",
"source": "start ei2170",
"target": "start ei2174"
},
{
"relation": "=",
"source": "start ei2153",
"target": "start ei2155"
},
{
"relation": ">",
"source": "start ei2154",
"target": "start ei2155"
},
{
"relation": "<",
"source": "start ei2164",
"target": "start ei2170"
},
{
"relation": "<",
"source": "start ei2168",
"target": "start ei2170"
},
{
"relation": ">",
"source": "start ei2151",
"target": "start ei2155"
},
{
"relation": ">",
"source": "start ei2151",
"target": "start ei2153"
},
{
"relation": "<",
"source": "start ei2153",
"target": "start ei2154"
},
{
"relation": ">",
"source": "start ei2151",
"target": "start ei2154"
}
] | true |
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