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[ "Gillette", "Co.", "elected", "Warren", "E.", "Buffett", ",", "chairman", "of", "Berkshire", "Hathaway", "Inc.", ",", "to", "its", "board", ",", "increasing", "the", "number", "of", "directors", "to", "12", "from", "11", ".", "Berkshire", "Hathaway", "earlier", "this", "year", "bought", "$", "600", "million", "of", "preferred", "stock", "in", "Gillette", "that", "is", "convertible", "into", "an", "11", "%", "stake", ",", "and", "Gillette", "said", "at", "the", "time", "that", "Mr.", "Buffett", "would", "be", "added", "to", "the", "board", ".", "Separately", ",", "Gillette", "said", "its", "third-quarter", "earnings", "rose", "2", "%", "to", "$", "65.2", "million", ",", "or", "57", "cents", "a", "share", ",", "from", "$", "63.9", "million", ",", "or", "57", "cents", "a", "share", ",", "in", "the", "year-earlier", "period", ";", "per-share", "earnings", "remained", "flat", "despite", "an", "increase", "in", "net", "income", "in", "part", "because", "the", "company", "paid", "a", "$", "10.4", "million", "dividend", "on", "the", "new", "preferred", "stock", "in", "the", "period", ".", "Sales", "rose", "9", "%", "to", "$", "921.6", "million", "from", "$", "845.7", "million", ",", "with", "sales", "of", "the", "company", "'s", "international/diversified", "operations", "``", "well", "above", "''", "the", "year", "earlier-period", ".", "For", "the", "nine", "months", ",", "Gillette", "'s", "net", "income", "declined", "1", "%", "to", "$", "205.3", "million", ",", "or", "$", "2.02", "a", "share", ",", "from", "$", "207", "million", ",", "or", "$", "1.82", "a", "share", ",", "in", "the", "1988", "period", ".", "Sales", "rose", "6", "%", "to", "$", "2.77", "billion", "from", "$", "2.61", "billion", ".", "In", "composite", "trading", "on", "the", "New", "York", "Stock", "Exchange", ",", "the", "company", "closed", "yesterday", "at", "$", "45.50", "a", "share", ",", "up", "25", "cents", "." ]
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[ "Waterford", "Wedgwood", "PLC", ",", "a", "financially", "troubled", "Irish", "maker", "of", "fine", "crystal", "and", "Wedgwood", "china", ",", "reported", "that", "its", "pretax", "loss", "for", "the", "first", "six", "months", "widened", "to", "10.6", "million", "Irish", "punts", "(", "$", "14.9", "million", ")", "from", "5.8", "million", "Irish", "punts", "a", "year", "earlier", ".", "The", "results", "for", "the", "half", "were", "worse", "than", "market", "expectations", ",", "which", "suggested", "an", "interim", "loss", "of", "around", "10", "million", "Irish", "punts", ".", "In", "a", "sharply", "weaker", "London", "market", "yesterday", ",", "Waterford", "shares", "were", "down", "15", "pence", "at", "50", "pence", "(", "79", "cents", ")", ".", "The", "company", "reported", "a", "loss", "after", "taxation", "and", "minority", "interests", "of", "14", "million", "Irish", "punts", ",", "compared", "with", "a", "loss", "of", "9.3", "million", "Irish", "punts", "for", "the", "year-earlier", "period", ".", "There", "were", "n't", "any", "extraordinary", "items", ".", "Sales", "for", "the", "total", "group", "rose", "27", "%", "to", "168.1", "million", "Irish", "punts", "compared", "with", "132.6", "million", "Irish", "punts", "a", "year", "ago", ".", "Waterford", "has", "decided", "against", "paying", "an", "interim", "dividend", ".", "Waterford", "said", "the", "appointment", "of", "a", "new", "management", "team", "and", "the", "signing", "of", "a", "comprehensive", "labor", "agreement", "are", "expected", "to", "enhance", "the", "company", "'s", "long-term", "prospects", "." ]
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[ "NEC", "Corp.", "said", "it", "plans", "to", "more", "than", "double", "its", "British", "subsidiary", "'s", "capacity", "for", "the", "production", "of", "semiconductor", "wafers", ".", "Officials", "at", "the", "Japanese", "semiconductor", "maker", "said", "the", "company", "intends", "to", "increase", "investment", "in", "plant", "and", "equipment", "by", "10", "billion", "yen", "(", "$", "70.6", "million", ")", ",", "to", "90", "billion", "yen", ",", "in", "the", "year", "ending", "March", "31", ",", "with", "the", "extra", "funds", "used", "to", "increase", "production", "overseas", ".", "Officials", "said", "they", "were", "n't", "sure", "how", "the", "money", "will", "be", "distributed", "among", "overseas", "units", ",", "but", "added", "that", "NEC", "Semiconductors", "U.K.", "Ltd.", "will", "receive", "priority", ".", "Officials", "also", "disclosed", "it", "'s", "possible", "that", "NEC", "may", "reduce", "domestic", "production", "of", "one-megabit", "chips", "to", "five", "million", "a", "month", "from", "six", "million", ",", "beginning", "January", ",", "because", "of", "deteriorating", "market", "prices", "." ]
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[ "Falcon", "Holding", "Group", "Inc.", "said", "it", "agreed", "to", "acquire", "about", "54,000", "subscribers", "from", "First", "Carolina", "Cable", "TV", "Limited", "Partnership", "for", "about", "$", "100", "million", ",", "or", "roughly", "$", "2,000", "a", "subscriber", ".", "The", "subscribers", "are", "in", "52", "different", "communities", "in", "Georgia", ",", "Alabama", "and", "Mississippi", ".", "Completion", "of", "the", "sale", "is", "expected", "early", "next", "year", ",", "Falcon", "said", ".", "Currently", ",", "Falcon", "has", "about", "750,000", "cable-television", "subscribers", "around", "the", "nation", ";", "the", "company", "'s", "cable-television", "unit", "reported", "1988", "revenue", "of", "about", "$", "100", "million", ".", "In", "composite", "trading", "on", "the", "American", "Stock", "Exchange", ",", "Falcon", "closed", "at", "$", "20", ",", "unchanged", "." ]
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[ "If", "you", "'re", "still", "wondering", "about", "the", "causes", "of", "the", "slump", "in", "the", "junk-bond", "market", ",", "consider", "the", "case", "of", "Columbia", "Savings", "&", "Loan", ".", "The", "California", "thrift", "has", "just", "announced", "a", "$", "226", "million", "third-quarter", "loss", ".", "How", "did", "this", "happen", "?", "Well", ",", "when", "Congress", "in", "its", "recent", "S&L", "bailout", "mandated", "that", "the", "thrifts", "sell", "off", "all", "their", "junk-bond", "holdings", "by", "1994", ",", "it", "not", "only", "artificially", "increased", "the", "supply", "of", "these", "bonds", "in", "the", "market", "but", "also", "eliminated", "one", "of", "the", "few", "profitable", "investments", "thrifts", "have", "made", ".", "But", "there", "is", "a", "grimly", "ironic", "twist", "to", "the", "Columbia", "loss", ".", "As", "followers", "of", "the", "debate", "over", "a", "capital-gains", "tax", "cut", "know", ",", "there", "is", "much", "talk", "in", "Congress", "and", "indeed", "all", "over", "Washington", "about", "the", "need", "to", "``", "encourage", "''", "long-term", "investment", "and", "discourage", "the", "financial", "sector", "'s", "presumed", "obsession", "with", "the", "short", "term", ".", "Now", ",", "we", "regard", "this", "as", "a", "largely", "phony", "issue", ",", "but", "the", "``", "long", "term", "''", "is", "nonetheless", "a", "big", "salon", "topic", "all", "around", "the", "Beltway", ".", "It", "turns", "out", "that", "Columbia", "had", "this", "huge", "loss", "in", "large", "part", "because", "the", "new", "congressionally", "mandated", "rules", "forced", "it", "to", "adjust", "the", "book", "value", "of", "its", "soon-to-be-sold", "junk", "bonds", "to", "the", "lower", "of", "either", "their", "cost", "or", "market", "value", ".", "They", "could", "no", "longer", "be", "classified", "as", "what", "Columbia", "regarded", "them", ",", "namely", "long-term", "investments", ".", "Congress", "'s", "ham-handed", "treatment", "of", "the", "existing", "structure", "of", "junk-bond", "holdings", "reminds", "us", "of", "a", "story", "in", "the", "Journal", "earlier", "this", "year", "about", "the", "Baby", "Bell", "companies", "'", "desire", "to", "have", "the", "court-ordered", "bans", "lifted", "on", "offering", "information", "services", ".", "The", "issue", "of", "seeking", "relief", "from", "Congress", "was", "raised", "to", "Delbert", "Staley", ",", "the", "chairman", "of", "Nynex", ".", "Mr.", "Staley", "replied", ":", "``", "Legislation", "tends", "to", "be", "compromised", ".", "I", "believe", "we", "have", "to", "take", "a", "shot", "at", "getting", "as", "much", "done", "as", "we", "can", "through", "the", "court", ",", "through", "Justice", "and", "through", "state", "and", "federal", "regulatory", "agencies", ".", "I", "see", "Congress", "as", "a", "last", "resort", ".", "''", "Healthy", "thrifts", "such", "as", "Columbia", "or", "the", "junk-bond", "market", "itself", "should", "have", "been", "so", "lucky", ".", "The", "reality", "of", "life", "in", "modern", "America", "is", "that", "if", "you", "want", "to", "wreck", "something", "that", "works", ",", "let", "it", "fall", "into", "the", "hands", "of", "Congress", "." ]
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[ "Staar", "Surgical", "Co.", "'s", "board", "said", "that", "it", "has", "removed", "Thomas", "R.", "Waggoner", "as", "president", "and", "chief", "executive", "officer", "and", "that", "John", "R.", "Wolf", ",", "formerly", "executive", "vice", "president", ",", "sales", "and", "marketing", ",", "has", "been", "named", "president", "and", "chief", "executive", "officer", ".", "Mr.", "Waggoner", "has", "been", "involved", "in", "a", "dispute", "with", "the", "board", "since", "August", ",", "when", "he", "ousted", "all", "the", "directors", ".", "Later", "they", "said", "they", "fired", "him", ",", "and", "two", "directors", "attempted", "to", "place", "the", "company", "under", "bankruptcy-law", "protection", ".", "A", "federal", "judge", "turned", "down", "the", "Chapter", "11", "petition", ".", "The", "company", "'s", "latest", "announcement", "said", "Mr.", "Waggoner", "will", "remain", "a", "director", "of", "Staar", ",", "a", "maker", "of", "products", "for", "small-incision", "surgery", ".", "Mr.", "Wolf", "and", "other", "members", "of", "the", "board", "declined", "to", "comment", "on", "the", "announcement", ".", "Mr.", "Waggoner", "could", "n't", "be", "reached", ".", "The", "Staar", "board", "also", "said", "that", "John", "R.", "Ford", "resigned", "as", "a", "director", ",", "and", "that", "Mr.", "Wolf", "was", "named", "a", "member", "of", "the", "board", "." ]
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[ "Iverson", "Technology", "Corp.", "was", "one", "of", "the", "fastest-growing", "small", "companies", "in", "America", "--", "until", "last", "year", ".", "The", "McLean", ",", "Va.", ",", "company", "modifies", "computers", "to", "keep", "sensitive", "military", "data", "out", "of", "unfriendly", "hands", ".", "From", "1984", "to", "1987", ",", "its", "earnings", "soared", "six-fold", ",", "to", "$", "3.8", "million", ",", "on", "a", "seven-fold", "increase", "in", "revenue", ",", "to", "$", "44.1", "million", ".", "But", "in", "1988", ",", "it", "ran", "into", "a", "buzz", "saw", ":", "a", "Defense", "Department", "spending", "freeze", ".", "Iverson", "'s", "earnings", "plunged", "70", "%", "to", "$", "1.2", "million", ".", "The", "troubles", "continued", "in", "this", "year", "'s", "first", "half", ",", "when", "profit", "plunged", "81", "%", "to", "$", "302,000", ".", "Iverson", "Technology", "is", "one", "of", "many", "small", "defense", "contractors", "besieged", "by", "the", "slowdown", "in", "defense", "spending", ".", "Unlike", "larger", "contractors", "with", "a", "broad", "enough", "base", "to", "weather", "the", "downturn", "easily", ",", "these", "companies", "are", "suffering", "big", "drops", "in", "business", "as", "once-lucrative", "specialty", "niches", "in", "the", "massive", "military", "market", "erode", "or", "even", "disappear", ".", "Companies", "that", "only", "recently", "were", "thriving", "find", "themselves", "scrambling", "to", "survive", ".", "As", "their", "varied", "strategies", "suggest", ",", "there", "is", "more", "than", "one", "way", "to", "respond", "to", "a", "disaster", "--", "though", "it", "'s", "too", "soon", "to", "tell", "whether", "the", "changes", "will", "pay", "off", ".", "For", "many", "companies", ",", "the", "instinctive", "first", "response", "is", "to", "cut", "costs", ".", "Others", "are", "trying", "to", "find", "specialty", "defense", "work", "spared", "by", "the", "slowdown", "or", "new", "niches", "created", "by", "budget-cutting", ".", "More", "venturesome", "businesses", "are", "applying", "their", "skills", "in", "commercial", "fields", ".", "ERC", "International", "Inc.", ",", "which", "provides", "professional", "and", "technical", "services", "to", "the", "military", ",", "is", "refining", "its", "defense", "niche", ",", "not", "retreating", "from", "it", ".", "After", "quadrupling", "annual", "earnings", "over", "four", "years", "to", "$", "6.8", "million", "in", "1988", ",", "the", "Fairfax", ",", "Va.", ",", "company", ",", "posted", "a", "23", "%", "drop", "in", "earnings", "for", "this", "year", "'s", "first", "half", ".", "In", "the", "belief", "that", "development", "of", "advanced", "military", "technology", "will", "remain", "a", "top", "Defense", "Department", "priority", ",", "ERC", "last", "year", "acquired", "W.J.", "Schafer", "Associates", ",", "a", "technical", "and", "scientific", "analysis", "company", "with", "contracts", "under", "the", "Strategic", "Defense", "Initiative", ".", "While", "the", "SDI", "anti-missile", "program", "recently", "awarded", "W.J.", "Schafer", "two", "contracts", "totaling", "$", "13.4", "million", ",", "ERC", "'s", "chairman", "and", "founder", ",", "Jack", "Aalseth", ",", "says", "he", "bought", "the", "company", "``", "more", "for", "its", "technology", "than", "its", "customer", ".", "''", "UNC", "Inc.", ",", "an", "Annapolis", ",", "Md.", ",", "contractor", "that", "earned", "$", "23.8", "million", "on", "revenue", "of", "$", "400.4", "million", "in", "1988", ",", "has", "gone", "even", "further", "in", "realigning", "its", "military", "business", ".", "As", "orders", "for", "its", "aircraft", "and", "submarine", "parts", "dwindled", ",", "three", "years", "of", "steady", "growth", "ended", "with", "a", "69", "%", "drop", "in", "income", "in", "this", "year", "'s", "first", "half", ".", "The", "company", "hit", "on", "a", "new", "strategy", ":", "If", "the", "Defense", "Department", "is", "so", "intent", "on", "saving", "money", ",", "why", "not", "make", "money", "off", "that", "trend", "?", "Among", "the", "company", "'s", "current", "efforts", ":", "repairing", "old", "parts", "at", "25", "%", "of", "the", "cost", "of", "replacing", "them", ".", "UNC", "also", "is", "selling", "new", "parts", ",", "if", "needed", ",", "directly", "to", "the", "military", "instead", "of", "through", "a", "prime", "contractor", ".", "At", "as", "little", "as", "one-third", "of", "the", "government", "'s", "cost", ",", "the", "company", "is", "running", "a", "program", "to", "train", "Army", "helicopter", "pilots", ".", "It", "is", "also", "taking", "over", "the", "maintenance", "of", "certain", "Navy", "aircraft", "with", "40", "%", "fewer", "people", "than", "the", "military", "used", ".", "In", "another", "approach", ",", "tiny", "Iverson", "Technology", "is", "trying", "to", "resume", "its", "growth", "by", "braving", "the", "new", "world", "of", "commercial", "products", ".", "Donald", "Iverson", ",", "chairman", ",", "says", "he", "hopes", "the", "company", "can", "eventually", "get", "up", "to", "half", "of", "its", "revenue", "from", "commercial", "markets", ".", "For", "now", ",", "he", "says", ",", "``", "we", "'re", "looking", "at", "buying", "some", "small", "companies", "with", "niche", "markets", "in", "the", "personal-computer", "business", ".", "''", "Earlier", "this", "month", ",", "Mr.", "Iverson", "agreed", "to", "buy", "exclusive", "rights", "to", "a", "software", "system", "developed", "by", "Visher", "Systems", "Inc.", ",", "Salt", "Lake", "City", ".", "The", "product", "automates", "an", "array", "of", "functions", "performed", "at", "small", "to", "medium-size", "printing", "companies", ".", "Mr.", "Iverson", "says", "there", "are", "5,000", "potential", "customers", "for", "the", "software", "in", "the", "Washington", ",", "D.C.", ",", "area", "alone", ".", "QuesTech", "Inc.", ",", "Falls", "Church", ",", "Va.", ",", "also", "has", "acquired", "some", "companies", "outside", "the", "military", "market", ".", "Moreover", ",", "it", "'s", "trying", "to", "transfer", "its", "skill", "at", "designing", "military", "equipment", "to", "commercial", "ventures", ".", "A", "partnership", "with", "a", "Williamsburg", ",", "Va.", ",", "unit", "of", "Shell", "Oil", "Co.", "recently", "patented", "a", "process", "for", "producing", "plastic", "food", "containers", "that", "wo", "n't", "melt", "in", "microwave", "ovens", ".", "``", "We", "'re", "trying", "to", "take", "the", "imagination", "and", "talent", "of", "our", "engineers", "and", "come", "up", "with", "new", "processes", "for", "industry", ",", "''", "says", "Vincent", "Salvatori", ",", "QuesTech", "'s", "chief", "executive", ".", "``", "It", "is", "an", "effort", "to", "branch", "out", "from", "the", "government", ",", "which", "is", "very", "difficult", "for", "a", "defense", "contractor", ".", "''", "Mr.", "Salvatori", "should", "know", ".", "Instead", "of", "helping", "his", "company", "in", "the", "defense", "spending", "slowdown", ",", "Dynamic", "Engineering", "Inc.", ",", "a", "troubled", "subsidiary", "that", "makes", "wind", "tunnels", "for", "the", "space", "industry", ",", "contributed", "to", "much", "of", "QuesTech", "'s", "$", "3.3", "million", "loss", "on", "$", "55.6", "million", "in", "revenue", "last", "year", ".", "In", "January", ",", "Mr.", "Salvatori", "sold", "the", "unit", ".", "``", "It", "was", "our", "first", "acquisition", ",", "''", "he", "says", ",", "``", "and", "it", "was", "a", "mistake", ".", "''", "Some", "companies", "are", "cutting", "costs", "and", "hoping", "for", "the", "best", ".", "Telos", "Corp.", ",", "a", "Santa", "Monica", ",", "Calif.", ",", "provider", "of", "software-development", "and", "hardware-maintenance", "services", "to", "the", "military", ",", "enjoyed", "steady", "growth", "until", "this", "year", ".", "Following", "a", "tripling", "of", "earnings", ",", "to", "$", "3.9", "million", ",", "on", "a", 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"punct", "punct", "nsubj", "cop", "ccomp", "nsubj", "aux", "ccomp", "det", "advmod", "amod", "obj", "punct", "punct", "nsubj", "root", "punct", "compound", "nsubj", "punct", "det", "compound", "compound", "punct", "appos", "punct", "compound", "appos", "nsubj", "acl:relcl", "obj", "compound", "nummod", "case", "obl", "case", "nmod", "compound", "nummod", "case", "obl", "punct", "root", "det", "advmod", "amod", "obj", "case", "nmod", "punct", "det", "nsubj", "advmod", "cc:preconj", "root", "nummod", "compound", "amod", "obj", "punct", "cc", "advmod", "conj", "det", "amod", "obj", "nsubj", "acl:relcl", "compound", "obj", "acl", "case", "compound", "obl", "cc", "conj", "punct", "det", "nsubj", "root", "case", "det", "amod", "compound", "nummod", "obl", "case", "det", "amod", "amod", "nmod", "acl", "obl:tmod", "nummod", "punct", "nmod:poss", "amod", "amod", "dep", "case", "nmod", "punct", "punct", "nmod:poss", "compound", "nsubj:pass", "aux", "aux:pass", "ccomp", "advmod", "advmod", "case", "det", "obl", "punct", "punct", "root", "compound", "nsubj", "punct", "nmod:poss", "case", "appos", "punct", "punct", "nsubj", "aux", "advmod", "root", "nsubj", "cop", "case", "case", "det", "ccomp", "punct", "cc", "nsubj", "aux", "advmod", "root", "advmod", "obj", "punct", "amod", "appos", "punct", "mark", "nsubj", "dep", "obl", "punct" ]
[ "Westinghouse", "Electric", "Corp.", ",", "capitalizing", "on", "a", "major", "restructuring", "program", ",", "expects", "operating", "margins", "of", "more", "than", "10", "%", "and", "double-digit", "per-share", "earnings", "growth", "next", "year", ",", "top", "officers", "told", "securities", "analysts", "here", ".", "John", "C.", "Marous", ",", "chairman", "and", "chief", "executive", "officer", ",", "also", "said", "the", "company", "expects", "sales", "from", "continuing", "businesses", "to", "rise", "8.5", "%", "annually", "through", "the", "next", "three", "years", ".", "In", "1988", ",", "the", "company", "earned", "$", "822.8", "million", ",", "or", "$", "5.66", "a", "share", ",", "on", "sales", "of", "$", "12.49", "billion", ".", "Since", "1983", ",", "Westinghouse", "has", "shed", "70", "businesses", "that", "it", "did", "n't", "expect", "to", "produce", "10", "%", "operating", "margins", "while", "acquiring", "55", "businesses", ".", "In", "the", "past", "20", "months", "alone", ",", "Paul", "E.", "Lego", ",", "president", "and", "chief", "operating", "officer", ",", "said", "the", "divestiture", "of", "$", "300", "million", "of", "slow-growth", ",", "low-profit", "businesses", "has", "been", "more", "than", "offset", "by", "$", "600", "million", "in", "profitable", "acquisitions", ".", "Westinghouse", "expects", "to", "meet", "its", "corporate", "goals", "despite", "a", "softening", "in", "the", "economy", ".", "Even", "if", "the", "gross", "national", "product", "is", "either", "flat", "or", "in", "the", "growth", "range", "of", "2", "%", "to", "2.5", "%", ",", "``", "we", "can", "handle", "that", ",", "''", "Mr.", "Marous", "said", ".", "GNP", "is", "the", "total", "value", "of", "the", "nation", "'s", "output", "of", "goods", "and", "services", ".", "A", "bright", "spot", "is", "the", "company", "'s", "power-generation", "business", ",", "which", "is", "experiencing", "a", "surge", "of", "growth", "for", "the", "first", "time", "in", "years", ".", "Mr.", "Marous", "said", "the", "business", "will", "achieve", "higher", "sales", "this", "year", "than", "the", "company", "'s", "target", "goal", "of", "8.5", "%", ".", "While", "Westinghouse", "has", "n't", "had", "a", "nuclear", "power", "plant", "order", "from", "a", "U.S.", "utility", "in", "about", "a", "decade", ",", "excess", "capacity", "is", "beginning", "to", "shrink", ".", "Mr.", "Lego", "said", "the", "company", "foresees", "the", "need", "for", "a", "major", "boost", "in", "new-generation", "capability", "throughout", "the", "1990s", ".", "Westinghouse", "also", "is", "well", "positioned", "to", "sell", "steam", "turbine", "and", "gas", "turbine", "plants", "to", "independent", "power", "producers", ".", "The", "company", "'s", "ability", "to", "respond", "to", "energy", "needs", "world-wide", "will", "be", "enhanced", "through", "a", "recently", "announced", "venture", "with", "Mitsubishi", "Heavy", "Industries", ",", "Mr.", "Lego", "said", ".", "He", "said", "the", "independent", "power", "segment", "could", "grow", "to", "provide", "as", "much", "as", "50", "%", "of", "near-term", "generation", "capacity", ",", "adding", ":", "``", "We", "expect", "to", "supply", "a", "significant", "share", "of", "this", "market", ".", "''", "Westinghouse", "also", "expects", "its", "international", "sales", "to", "soon", "grow", "to", "25", "%", "of", "total", "corporate", "sales", "from", "20", "%", "last", "year", ".", "The", "company", "is", "negotiating", "with", "the", "Soviets", "to", "build", "a", "Thermo", "King", "truck-refrigeration", "plant", "that", "would", "produce", "about", "10,000", "units", "annually", ".", "Mr.", "Marous", "said", "Westinghouse", "would", "own", "70", "%", "of", "the", "facility", ".", "The", "deal", ",", "which", "will", "involve", "an", "initial", "$", "20", "million", "investment", ",", "was", "struck", "with", "a", "handshake", ",", "he", "added", ".", "Company", "officials", "also", "said", "that", "any", "gain", "from", "the", "sale", "of", "Westinghouse", "'s", "55", "%", "stake", "in", "its", "transmission", "and", "distribution", "venture", "with", "the", "Swiss", "firm", "of", "Asea", "Brown", "Boveri", "will", "be", "offset", "by", "a", "restructuring", "charge", "in", "the", "fourth", "quarter", ".", "The", "executives", "did", "n't", "disclose", "the", "size", "of", "the", "expected", "gain", ".", "Capital", "expenditure", "in", "1990", "will", "rise", "slightly", ",", "Mr.", "Marous", "said", ",", "from", "an", "estimated", "$", "470", "million", "this", "year", "." ]
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[ "compound", "compound", "nsubj", "punct", "advcl", "case", "det", "amod", "amod", "obl", "punct", "ccomp", "amod", "obj", "case", "advmod", "fixed", "nummod", "nmod", "cc", "amod", "amod", "compound", "conj", "amod", "obl:tmod", "punct", "compound", "nsubj", "root", "compound", "obj", "advmod", "punct", "compound", "compound", "nsubj", "punct", "appos", "cc", "compound", "compound", "conj", "punct", "advmod", "root", "det", "nsubj", "ccomp", "obj", "case", "amod", "nmod", "mark", "xcomp", "nummod", "obj", "advmod", "case", "det", "amod", "nummod", "obl", "punct", "case", "obl", "punct", "det", "nsubj", "root", "obj", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "obl", "case", "nmod", "compound", "nummod", "punct", "case", "obl", "punct", "nsubj", "aux", "root", "nummod", "obj", "obj", "nsubj", "aux", "advmod", "acl:relcl", "mark", "xcomp", "compound", "amod", "amod", "obj", "mark", "advcl", "nummod", "obj", "punct", "case", "det", "amod", "nummod", "obl", "advmod", "punct", "compound", "compound", "nsubj", "punct", "appos", "cc", "compound", "amod", "conj", "punct", "root", "det", "nsubj:pass", "case", "nmod", "compound", "nummod", "case", "compound", "punct", "amod", "nmod", "aux", "aux:pass", "advmod", "case", "ccomp", "case", "obl", "compound", "nummod", "case", "amod", "nmod", "punct", "nsubj", "root", "mark", "xcomp", "nmod:poss", "amod", "obj", "case", "det", "obl", "case", "det", "nmod", "punct", "advmod", "mark", "det", "amod", "amod", "nsubj", "cop", "advcl", "dep", "cc", "case", "det", "compound", "conj", "case", "compound", "dep", "dep", "compound", "nmod", "punct", "punct", "nsubj", "aux", "ccomp", "obj", "punct", "punct", "compound", "nsubj", "root", "punct", "nsubj", "cop", "det", "amod", "root", "case", "det", "nmod:poss", "case", "nmod", "case", "nmod", "cc", "conj", "punct", "det", "amod", "nsubj", "cop", "det", "nmod:poss", "case", "compound", "root", "punct", "nsubj", "aux", "acl:relcl", "det", "obj", "case", "nmod", "case", "det", "amod", "obl", "case", "nmod", "punct", "compound", "nsubj", "root", "det", "nsubj", "aux", "ccomp", "amod", "obj", "det", "obl:tmod", "case", "det", "nmod:poss", "case", "compound", "obl", "case", "nummod", "nmod", "punct", "mark", "nsubj", "aux", "advmod", "advcl", "det", "amod", "compound", "compound", "obj", "case", "det", "compound", "nmod", "case", "amod", "det", "obl", "punct", "amod", "nsubj", "aux", "root", "mark", "xcomp", "punct", "compound", "nsubj", "root", "det", "nsubj", "ccomp", "det", "obj", "case", "det", "amod", "nmod", "case", "compound", "nmod", "case", "det", "nmod", "punct", "nsubj:pass", "advmod", "aux:pass", "advmod", "root", "mark", "xcomp", "compound", "obj", "cc", "compound", "compound", "conj", "case", "amod", "compound", "obl", "punct", "det", "nmod:poss", "case", "nsubj:pass", "mark", "acl", "case", "compound", "obl", "advmod", "aux", "aux:pass", "ccomp", "case", "det", "advmod", "amod", "obl", "case", "compound", "compound", "nmod", "punct", "compound", "nsubj", "root", "punct", "nsubj", "root", "det", "amod", "compound", "nsubj", "aux", "ccomp", "mark", "xcomp", "advmod", "advmod", "advmod", "nummod", "obj", "case", "amod", "compound", "nmod", "punct", "xcomp", "punct", "punct", "nsubj", "ccomp", "mark", "xcomp", "det", "amod", "obj", "case", "det", "nmod", "punct", "punct", "nsubj", "advmod", "root", "nmod:poss", "amod", "obj", "mark", "advmod", "xcomp", "case", "nummod", "obl", "case", "amod", "amod", "nmod", "case", "nummod", "obl", "amod", "obl:tmod", "punct", "det", "nsubj", "aux", "root", "case", "det", "obl", "mark", "xcomp", "det", "compound", "compound", "compound", "obj", "nsubj", "aux", "acl:relcl", "advmod", "nummod", "obj", "advmod", "punct", "compound", "nsubj", "root", "nsubj", "aux", "ccomp", "nummod", "obj", "case", "det", "nmod", "punct", "det", "nsubj:pass", "punct", "nsubj", "aux", "acl:relcl", "det", "amod", "amod", "compound", "nummod", "obj", "punct", "aux:pass", "ccomp", "case", "det", "obl", "punct", "nsubj", "root", "punct", "compound", "nsubj", "advmod", "root", "mark", "det", "nsubj:pass", "case", "det", "nmod", "case", "nmod:poss", "case", "compound", "amod", "nmod", "case", "nmod:poss", "nmod", "cc", "compound", "conj", "case", "det", "compound", "nmod", "case", "compound", "compound", "nmod", "aux", "aux:pass", "ccomp", "case", "det", "amod", "obl", "case", "det", "amod", "obl", "punct", "det", "nsubj", "aux", "advmod", "root", "det", "obj", "case", "det", "amod", "nmod", "punct", "compound", "nsubj", "case", "nmod", "aux", "root", "advmod", "punct", "compound", "nsubj", "parataxis", "punct", "case", "det", "dep", "obl", "compound", "nummod", "det", "obl:tmod", "punct" ]
[ "MCI", "Communications", "Corp.", "said", "it", "received", "a", "$", "12", "million", "contract", "to", "provide", "virtual", "network", "services", "to", "Woolworth", "Corp.", "'s", "5,600", "corporate", "and", "retail", "sites", "in", "the", "The", "contract", "also", "provides", "for", "advanced", "billing", "and", "network", "management", "services", ".", "Woolworth", "said", "it", "expects", "to", "expand", "usage", "of", "the", "MCI", "services", "as", "it", "adds", "about", "6,000", "business", "locations", "over", "the", "next", "few", "years", "." ]
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[ "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "det", "amod", "compound", "nummod", "obj", "mark", "acl", "amod", "compound", "obj", "case", "compound", "dep", "case", "compound", "obl", "cc", "amod", "conj", "case", "nmod", "det", "nsubj", "advmod", "root", "case", "amod", "obl", "cc", "compound", "compound", "conj", "punct", "nsubj", "root", "nsubj", "ccomp", "mark", "xcomp", "obj", "case", "det", "compound", "nmod", "mark", "nsubj", "advcl", "advmod", "nummod", "compound", "obj", "case", "det", "amod", "amod", "obl", "punct" ]
[ "Y.J.", "Park", "and", "her", "family", "scrimped", "for", "four", "years", "to", "buy", "a", "tiny", "apartment", "here", ",", "but", "found", "that", "the", "closer", "they", "got", "to", "saving", "the", "$", "40,000", "they", "originally", "needed", ",", "the", "more", "the", "price", "rose", ".", "By", "this", "month", ",", "it", "had", "more", "than", "doubled", ".", "Now", "the", "33-year-old", "housewife", ",", "whose", "husband", "earns", "a", "modest", "salary", "as", "an", "assistant", "professor", "of", "economics", ",", "is", "saving", "harder", "than", "ever", ".", "``", "I", "am", "determined", "to", "get", "an", "apartment", "in", "three", "years", ",", "''", "she", "says", ".", "``", "It", "'s", "all", "I", "think", "about", "or", "talk", "about", ".", "''", "For", "the", "Parks", "and", "millions", "of", "other", "young", "Koreans", ",", "the", "long-cherished", "dream", "of", "home", "ownership", "has", "become", "a", "cruel", "illusion", ".", "For", "the", "government", ",", "it", "has", "become", "a", "highly", "volatile", "political", "issue", ".", "Last", "May", ",", "a", "government", "panel", "released", "a", "report", "on", "the", "extent", "and", "causes", "of", "the", "problem", ".", "During", "the", "past", "15", "years", ",", "the", "report", "showed", ",", "housing", "prices", "increased", "nearly", "fivefold", ".", "The", "report", "laid", "the", "blame", "on", "speculators", ",", "who", "it", "said", "had", "pushed", "land", "prices", "up", "ninefold", ".", "The", "panel", "found", "that", "since", "1987", ",", "real-estate", "prices", "rose", "nearly", "50", "%", "in", "a", "speculative", "fever", "fueled", "by", "economic", "prosperity", ",", "the", "1988", "Seoul", "Olympics", "and", "the", "government", "'s", "pledge", "to", "rapidly", "develop", "Korea", "'s", "southwest", ".", "The", "result", "is", "that", "those", "rich", "enough", "to", "own", "any", "real", "estate", "at", "all", "have", "boosted", "their", "holdings", "substantially", ".", "For", "those", "with", "no", "holdings", ",", "the", "prospects", "of", "buying", "a", "home", "are", "ever", "slimmer", ".", "In", "1987", ",", "a", "quarter", "of", "the", "population", "owned", "91", "%", "of", "the", "nation", "'s", "71,895", "square", "kilometers", "of", "private", "land", ",", "the", "report", "said", ",", "and", "10", "%", "of", "the", "population", "owned", "65", "%", "of", "the", "land", "devoted", "to", "housing", ".", "Meanwhile", ",", "the", "government", "'s", "Land", "Bureau", "reports", "that", "only", "about", "a", "third", "of", "Korean", "families", "own", "their", "own", "homes", ".", "Rents", "have", "soared", "along", "with", "house", "prices", ".", "Former", "National", "Assemblyman", "Hong", "Sa-Duk", ",", "now", "a", "radio", "commentator", ",", "says", "the", "problem", "is", "intolerable", "for", "many", "people", ".", "``", "I", "'m", "afraid", "of", "a", "popular", "revolt", "if", "this", "situation", "is", "n't", "corrected", ",", "''", "he", "adds", ".", "In", "fact", ",", "during", "the", "past", "three", "months", "there", "have", "been", "several", "demonstrations", "at", "the", "office", "complex", "where", "the", "Land", "Bureau", "is", "housed", ",", "and", "at", "the", "National", "Assembly", ",", "demanding", "the", "government", "put", "a", "stop", "to", "real-estate", "speculation", ".", "President", "Roh", "Tae", "Woo", "'s", "administration", "has", "been", "studying", "the", "real-estate", "crisis", "for", "the", "past", "year", "with", "an", "eye", "to", "partial", "land", "redistribution", ".", "Last", "week", ",", "the", "government", "took", "three", "bills", "to", "the", "National", "Assembly", ".", "The", "proposed", "legislation", "is", "aimed", "at", "rectifying", "some", "of", "the", "inequities", "in", "the", "current", "land-ownership", "system", ".", "Highlights", "of", "the", "bills", ",", "as", "currently", "framed", ",", "are", ":", "--", "A", "restriction", "on", "the", "amount", "of", "real", "estate", "one", "family", "can", "own", ",", "to", "660", "square", "meters", "in", "the", "nation", "'s", "six", "largest", "cities", ",", "but", "more", "in", "smaller", "cities", "and", "rural", "areas", ".", "The", "government", "will", "penalize", "offenders", ",", "but", "wo", "n't", "confiscate", "property", ".", "--", "A", "tax", "of", "between", "3", "%", "and", "6", "%", "on", "property", "holdings", "that", "exceed", "the", "governmentset", "ceiling", ".", "--", "Taxes", "of", "between", "15", "%", "and", "50", "%", "a", "year", "on", "``", "excessive", "''", "profits", "from", "the", "resale", "of", "property", ",", "or", "the", "sale", "of", "idle", "land", "to", "the", "government", ".", "The", "government", "defines", "excessive", "profits", "as", "those", "above", "the", "average", "realized", "for", "other", "similar-sized", "properties", "in", "an", "area", ".", "--", "Grace", "periods", "ranging", "from", "two", "to", "five", "years", "before", "the", "full", "scope", "of", "the", "penalties", "takes", "effect", ".", "The", "administration", "says", "the", "measures", "would", "stem", "rampant", "property", "speculation", ",", "free", "more", "land", "for", "the", "government", "'s", "ambitious", "housing-construction", "program", ",", "designed", "to", "build", "two", "million", "apartments", "by", "1992", "--", "and", ",", "perhaps", ",", "boost", "the", "popular", "standing", "of", "President", "Roh", ".", "But", "opposition", "legislators", "and", "others", "calling", "for", "help", "for", "South", "Korea", "'s", "renters", "say", "the", "proposed", "changes", "do", "n't", "go", "far", "enough", "to", "make", "it", "possible", "for", "ordinary", "people", "to", "buy", "a", "home", ".", "Some", "want", "lower", "limits", "on", "house", "sizes", ";", "others", "insist", "on", "progressively", "higher", "taxation", "for", "larger", "homes", "and", "lots", ".", "The", "Citizens", "Coalition", "for", "Economic", "Justice", ",", "a", "public-interest", "group", "leading", "the", "charge", "for", "radical", "reform", ",", "wants", "restrictions", "on", "landholdings", ",", "high", "taxation", "of", "capital", "gains", ",", "and", "drastic", "revamping", "of", "the", "value-assessment", "system", "on", "which", "property", "taxes", "are", "based", ".", "But", "others", ",", "large", "landowners", ",", "real-estate", "developers", "and", "business", "leaders", ",", "say", "the", "government", "'s", "proposals", "are", "intolerable", ".", "Led", "by", "the", "Federation", "of", "Korean", "Industries", ",", "the", "critics", "are", "lobbying", "for", "the", "government", "to", "weaken", "its", "proposed", "restrictions", "and", "penalties", ".", "Government", "officials", "who", "are", "urging", "real-estate", "reforms", "balk", "at", "the", "arguments", "of", "business", "leaders", "and", "chafe", "at", "their", "pressure", ".", "``", "There", "is", "no", "violation", "of", "the", "capitalistic", "principle", "of", "private", "property", "in", "what", "we", "are", "doing", ",", "''", "says", "Lee", "Kyu", "Hwang", ",", "director", "of", "the", "government", "'s", "Land", "Bureau", ",", "which", "drafted", "the", "bills", ".", "But", ",", "he", "adds", ",", "the", "constitution", "empowers", "the", "government", "to", "impose", "some", "controls", ",", "to", "mitigate", "the", "shortage", "of", "land", ".", "The", "land", "available", "for", "housing", "construction", "stands", "at", "about", "46.2", "square", "meters", "a", "person", "--", "18", "%", "lower", "than", "in", "Taiwan", "and", "only", "about", "half", "that", "of", "Japan", ".", "Mr.", "Lee", "estimates", "that", "about", "10,000", "property", "speculators", "are", "operating", "in", "South", "Korea", ".", "The", "chief", "culprits", ",", "he", "says", ",", "are", "big", "companies", "and", "business", "groups", "that", "buy", "huge", "amounts", "of", "land", "``", "not", "for", "their", "corporate", "use", ",", "but", "for", "resale", "at", "huge", "profit", ".", "''", "One", "research", "institute", "calculated", "that", "as", "much", "as", "67", "%", "of", "corporate-owned", "land", "is", "held", "by", "403", "companies", "--", "and", "that", "as", "little", "as", "1.5", "%", "of", "that", "is", "used", "for", "business", ".", "The", "government", "'s", "Office", "of", "Bank", "Supervision", "and", "Examination", "told", "the", "National", "Assembly", "this", "month", "that", "in", "the", "first", "half", "of", "1989", ",", "the", "nation", "'s", "30", "largest", "business", "groups", "bought", "real", "estate", "valued", "at", "$", "1.5", "billion", ".", "The", "Ministry", "of", "Finance", ",", "as", "a", "result", ",", "has", "proposed", "a", "series", "of", "measures", "that", "would", "restrict", "business", "investment", "in", "real", "estate", "even", "more", "tightly", "than", "restrictions", "aimed", "at", "individuals", ".", "Under", "those", "measures", ",", "financial", "institutions", "would", "be", "restricted", "from", "owning", "any", "more", "real", "estate", "than", "they", "need", "for", "their", "business", "operations", ".", "Banks", ",", "investment", "and", "credit", "firms", "would", "be", "permitted", "to", "own", "land", "equivalent", "in", "value", "to", "50", "%", "of", "their", "capital", "--", "currently", "the", "proportion", "is", "75", "%", ".", "The", "maximum", "allowable", "property", "holdings", "for", "insurance", "companies", "would", "be", "reduced", "to", "10", "%", "of", "their", "total", "asset", "value", ",", "down", "from", "15", "%", "currently", ".", "But", "Mrs.", "Park", "acknowledges", "that", "even", "if", "the", "policies", "work", "to", "slow", "or", "stop", "speculation", ",", "apartment", "prices", "are", "unlikely", "to", "go", "down", ".", "At", "best", ",", "she", "realizes", ",", "they", "will", "rise", "more", "slowly", "--", "more", "slowly", ",", "she", "hopes", ",", "than", "her", "family", "'s", "income", "." ]
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"nsubj", "parataxis", "punct", "nsubj", "aux", "root", "advmod", "advmod", "punct", "advmod", "advmod", "punct", "nsubj", "dep", "punct", "case", "nmod:poss", "nmod:poss", "case", "obl", "punct" ]
[ "Japan", "'s", "Finance", "Ministry", "strongly", "denied", "playing", "any", "role", "in", "the", "New", "York", "stock-price", "free", "fall", ".", "Makoto", "Utsumi", ",", "vice", "minister", "for", "international", "affairs", ",", "said", "the", "ministry", "did", "n't", "in", "any", "way", "suggest", "to", "Japanese", "banks", "that", "they", "stay", "out", "of", "the", "UAL", "Corp.", "leveraged", "buy-out", ".", "The", "ministry", "has", "never", "even", "suggested", "that", "Japanese", "banks", "be", "cautious", "about", "leveraged", "buy-outs", "in", "general", ",", "Mr.", "Utsumi", "said", ".", "``", "There", "are", "no", "facts", "-LCB-", "behind", "the", "assertions", "-RCB-", "that", "we", "sent", "any", "kind", "of", "signal", ",", "''", "he", "declared", "in", "an", "interview", ".", "The", "comments", "were", "the", "ministry", "'s", "first", "detailed", "public", "statement", "on", "the", "subject", ",", "and", "reflect", "the", "ministry", "'s", "concern", "that", "foreigners", "will", "think", "Japan", "is", "using", "its", "tremendous", "financial", "power", "to", "control", "events", "in", "foreign", "markets", ".", "A", "number", "of", "accounts", "of", "the", "events", "leading", "to", "the", "190", "point", "drop", "in", "New", "York", "stock", "prices", "on", "Oct.", "13", "accused", "the", "ministry", "of", "pulling", "the", "plug", "on", "the", "UAL", "deal", "for", "one", "reason", "or", "another", ".", "Mr.", "Utsumi", "said", "the", "most", "the", "ministry", "had", "ever", "done", "was", "ask", "Japanese", "banks", "about", "``", "the", "status", "of", "their", "participation", "''", "in", "one", "previous", "U.S.", "leveraged", "buy-out", ".", "The", "ministry", "inquired", "about", "that", "deal", "--", "which", "Mr.", "Utsumi", "declined", "to", "identify", "--", "because", "the", "large", "presence", "of", "Japanese", "banks", "in", "the", "deal", "was", "``", "being", "strongly", "criticized", "in", "the", "U.S.", "Congress", "''", "and", "it", "was", "``", "necessary", "for", "us", "to", "grasp", "the", "situation", ".", "''", "He", "said", "the", "inquiry", "was", "n't", "made", "in", "a", "way", "that", "the", "banks", "could", "have", "interpreted", "as", "either", "encouraging", "or", "discouraging", "participation", ",", "and", "he", "added", "that", "none", "of", "the", "Japanese", "banks", "changed", "their", "posture", "on", "the", "deal", "as", "a", "result", "of", "the", "inquiry", ".", "Mr.", "Utsumi", "also", "said", "some", "Japanese", "banks", "were", "willing", "to", "participate", "in", "the", "UAL", "financing", "up", "to", "the", "very", "end", ",", "which", "would", "suggest", "at", "the", "very", "least", "that", "they", "were", "n't", "under", "orders", "to", "back", "out", ".", "In", "general", ",", "Mr.", "Utsumi", "said", ",", "Japanese", "banks", "are", "becoming", "more", "``", "independent", "''", "in", "their", "approach", "to", "overseas", "deals", ".", "``", "Each", "Japanese", "bank", "has", "its", "own", "judgment", "on", "the", "profits", "and", "risks", "in", "that", "-LCB-", "UAL", "-RCB-", "deal", ",", "''", "he", "said", ".", "``", "They", "are", "becoming", "more", "independent", ".", "It", "'s", "a", "sound", "phenomenon", ".", "''", "Sanwa", "Bank", "Ltd.", "is", "one", "Japanese", "bank", "that", "decided", "not", "to", "participate", "in", "the", "first", "UAL", "proposal", ".", "A", "Sanwa", "Bank", "spokesman", "denied", "that", "the", "finance", "ministry", "played", "any", "part", "in", "the", "bank", "'s", "decision", ".", "``", "We", "made", "our", "own", "decision", ",", "''", "he", "said", ".", "Still", ",", "Mr.", "Utsumi", "may", "have", "a", "hard", "time", "convincing", "market", "analysts", "who", "have", "rightly", "or", "wrongly", "believed", "that", "the", "ministry", "played", "a", "role", "in", "orchestrating", "recent", "moves", "by", "Japanese", "banks", ".", "All", "week", "there", "has", "been", "much", "speculation", "in", "financial", "circles", "in", "Tokyo", "and", "abroad", "about", "the", "ministry", "'s", "real", "position", ".", "Bank", "analysts", "say", "ministry", "officials", "have", "been", "growing", "increasingly", "concerned", "during", "the", "past", "few", "months", "about", "Japanese", "banks", "getting", "in", "over", "their", "heads", ".", "``", "The", "-LCB-", "ministry", "-RCB-", "thinks", "the", "banks", "do", "n't", "know", "what", "they", "are", "doing", ",", "that", "they", "have", "very", "little", "idea", "how", "to", "cope", "with", "risk", ",", "''", "said", "one", "foreign", "bank", "analyst", "who", "asked", "not", "to", "be", "identified", ".", "``", "The", "-LCB-", "ministry", "-RCB-", "wants", "to", "see", "the", "Japanese", "banks", "pull", "in", "their", "horns", "''", "on", "leveraged", "buy-outs", ",", "he", "added", ".", "Although", "some", "of", "the", "Japanese", "banks", "involved", "in", "the", "first", "proposed", "bid", "for", "UAL", "bowed", "out", "because", "they", "found", "the", "terms", "unattractive", ",", "observers", "here", "say", "they", "have", "a", "hard", "time", "believing", "that", "commercial", "considerations", "were", "the", "only", "reason", ".", "Japanese", "banks", "are", "under", "``", "political", "pressure", "''", "as", "well", ",", "the", "analyst", "said", ".", "Moreover", ",", "analysts", "point", "out", "that", "Japanese", "banks", "have", "a", "reputation", "for", "doing", "deals", "that", "are", "n't", "extremely", "profitable", "if", "they", "offer", "the", "chance", "to", "build", "market", "share", ",", "cement", "an", "important", "business", "relationship", "or", "curry", "favor", "with", "powerful", "bureaucrats", ".", "Clearly", ",", "some", "financial", "authorities", "are", "concerned", "about", "the", "Japanese", "banks", "role", "in", "leveraged", "buy-outs", ".", "At", "a", "news", "conference", "this", "week", ",", "Bank", "of", "Japan", "Gov.", "Satoshi", "Sumita", "cautioned", "banks", "to", "take", "a", "``", "prudent", "''", "stance", "regarding", "highly", "leveraged", "deals", ".", "Despite", "Mr.", "Sumita", "'s", "statements", ",", "it", "is", "the", "Finance", "Ministry", ",", "not", "the", "central", "bank", ",", "that", "makes", "policy", "decisions", ".", "While", "recent", "events", "may", "cool", "some", "of", "the", "leveraged", "buy-out", "fever", ",", "Japanese", "banks", "are", "n't", "likely", "to", "walk", "away", "from", "the", "game", ".", "Despite", "the", "risks", ",", "the", "deals", "can", "be", "an", "attractive", "way", "for", "Japanese", "banks", "to", "increase", "their", "presence", "in", "the", "U.S.", "market", ",", "bank", "analysts", "say", ".", "Flush", "with", "cash", "at", "home", ",", "but", "with", "fewer", "customers", "to", "lend", "to", ",", "leading", "banks", "are", "eager", "to", "expand", "overseas", ".", "Jumping", "in", "on", "big", "deals", "is", "a", "high", "profile", "way", "to", "leapfrog", "the", "problem", "of", "not", "having", "a", "strong", "retail-banking", "network", "." ]
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[ "Charles", "A.", "Pearce", ",", "66", "years", "old", ",", "will", "retire", "from", "his", "post", "as", "chief", "executive", "officer", "of", "this", "bank", "holding", "company", "effective", "Dec.", "31", ".", "He", "will", "remain", "chairman", ".", "Charles", "R.", "Simpson", "Jr.", ",", "46", ",", "president", "and", "chief", "operating", "officer", ",", "will", "assume", "the", "chief", "executive", "'s", "post", "." ]
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[ "Out", "of", "the", "mouths", "of", "revolutionaries", "are", "coming", "words", "of", "moderation", ".", "Here", ",", "at", "a", "soccer", "stadium", "near", "the", "black", "township", "of", "Soweto", "yesterday", ",", "were", "eight", "leaders", "of", "the", "African", "National", "Congress", ",", "seven", "of", "whom", "had", "spent", "most", "of", "their", "adult", "lives", "in", "prison", "for", "sabotage", "and", "conspiracy", "to", "overthrow", "the", "government", ".", "Here", "were", "more", "than", "70,000", "ANC", "supporters", ",", "gathering", "for", "the", "first", "ANC", "rally", "inside", "South", "Africa", "since", "the", "black", "liberation", "movement", "was", "banned", "in", "1960", ".", "Here", "was", "the", "state", "security", "appartus", "poised", "to", "pounce", "on", "any", "words", "or", "acts", "of", "provocation", ",", "let", "alone", "revolution", ".", "But", "the", "words", "that", "boomed", "over", "the", "loudspeakers", "bore", "messages", "of", "peace", ",", "unity", ",", "negotiation", "and", "discipline", ".", "``", "We", "stand", "for", "peace", "today", "and", "we", "will", "stand", "for", "peace", "tomorrow", ",", "''", "said", "Walter", "Sisulu", ",", "the", "ANC", "'s", "former", "secretary", "general", "who", ",", "along", "with", "five", "of", "his", "colleagues", ",", "served", "26", "years", "in", "prison", "before", "being", "released", "two", "weeks", "ago", ".", "Some", "members", "of", "the", "huge", "crowd", "shouted", "``", "Viva", "peace", ",", "viva", ".", "''", "These", "are", "curious", "times", "in", "South", "African", "politics", ".", "The", "government", "and", "the", "ANC", ",", "the", "bitterest", "of", "enemies", ",", "are", "engaged", "in", "an", "elaborate", "mating", "dance", "designed", "to", "entice", "each", "other", "to", "the", "negotiating", "table", ".", "Pretoria", "releases", "the", "ANC", "leaders", ",", "most", "of", "whom", "were", "serving", "life", "sentences", ",", "and", "allows", "them", "to", "speak", "freely", ",", "hoping", "that", "the", "ANC", "will", "abandon", "its", "use", "of", "violence", ".", "The", "ANC", "leaders", "speak", "in", "tones", "of", "moderation", ",", "emphasizing", "discipline", ",", "hoping", "the", "government", "will", "be", "encouraged", "to", "take", "further", "steps", ",", "such", "as", "freeing", "Nelson", "Mandela", ",", "the", "most", "prominent", "ANC", "figure", ",", "and", "unbanning", "the", "organization", ".", "The", "government", "of", "President", "F.W.", "de", "Klerk", "is", "using", "this", "situation", "to", "improve", "its", "international", "image", "and", "head", "off", "further", "economic", "sanctions", ".", "Meanwhile", ",", "the", "many", "organizations", "inside", "the", "country", "that", "back", "the", "ANC", "are", "taking", "the", "opportunity", "to", "regain", "their", "strength", "and", "mobilize", "their", "supporters", "even", "though", "the", "state", "of", "emergency", ",", "which", "has", "severely", "curtailed", "black", "opposition", ",", "remains", "in", "force", ".", "The", "result", "is", "that", "the", "unthinkable", "and", "illogical", "are", "happening", ".", "Six", "months", "ago", ",", "government", "approval", "for", "an", "ANC", "rally", "was", "inconceivable", ".", "Equally", "inconceivable", "is", "that", "the", "ANC", ",", "given", "the", "chance", "to", "hold", "a", "rally", ",", "would", "extend", "a", "hand", ",", "albeit", "warily", ",", "to", "the", "government", ".", "In", "a", "message", "read", "out", "at", "the", "rally", ",", "exiled", "ANC", "President", "Oliver", "Tambo", ",", "who", "ca", "n't", "legally", "be", "quoted", "in", "South", "Africa", ",", "said", "the", "country", "was", "at", "a", "crossroads", "and", "that", "Mr.", "de", "Klerk", "``", "may", "yet", "earn", "a", "place", "among", "the", "peacemakers", "of", "our", "country", "''", "if", "he", "chooses", "a", "``", "path", "of", "genuine", "political", "settlement", ".", "''", "Still", ",", "this", "does", "n't", "mean", "that", "either", "the", "government", "or", "the", "ANC", "is", "changing", "stripes", "--", "or", "that", "either", "has", "moved", "significantly", "closer", "to", "the", "other", ".", "The", "government", "may", "ease", "repression", "in", "some", "areas", ",", "but", "it", "still", "keeps", "a", "tight", "grip", "in", "others", ".", "For", "instance", ",", "it", "releases", "Mr.", "Sisulu", "without", "conditions", ",", "yet", "his", "son", ",", "Zwelakhe", ",", "a", "newspaper", "editor", ",", "is", "restricted", "to", "his", "home", "much", "of", "the", "day", "and", "is", "n't", "allowed", "to", "work", "as", "a", "journalist", ".", "The", "ANC", "vows", "to", "keep", "up", "pressure", "on", "the", "government", ".", "Speakers", "yesterday", "called", "on", "foreign", "governments", "to", "increase", "sanctions", "against", "Pretoria", "and", "urged", "supporters", "inside", "the", "country", "to", "continue", "defying", "emergency", "restrictions", "and", "racial", "segregation", ",", "known", "as", "apartheid", ".", "``", "We", "can", "not", "wait", "on", "the", "government", "to", "make", "changes", "at", "its", "own", "pace", ",", "''", "Mr.", "Sisulu", "said", ".", "Because", "the", "ANC", "remains", "banned", ",", "both", "the", "government", ",", "which", "approved", "the", "rally", ",", "and", "the", "organizers", ",", "who", "orchestrated", "it", ",", "denied", "it", "was", "an", "ANC", "rally", ".", "They", "both", "called", "it", "a", "``", "welcome", "home", "''", "gathering", ".", "Nevertheless", ",", "an", "ANC", "rally", "by", "any", "other", "name", "is", "still", "an", "ANC", "rally", ".", "The", "recently", "released", "leaders", "sat", "high", "atop", "a", "podium", "in", "one", "section", "of", "the", "stadium", "stands", ".", "Behind", "them", "was", "a", "huge", "ANC", "flag", "and", "an", "even", "bigger", "sign", "that", "said", "``", "ANC", "Lives", ",", "ANC", "Leads", ".", "''", "Next", "to", "them", "was", "the", "red", "flag", "of", "the", "outlawed", "South", "African", "Communist", "Party", ",", "which", "has", "long", "been", "an", "ANC", "ally", ".", "In", "the", "stands", ",", "people", "waved", "ANC", "flags", ",", "wore", "ANC", "T-shirts", ",", "sang", "ANC", "songs", "and", "chanted", "ANC", "slogans", ".", "``", "Today", ",", "''", "said", "Mr.", "Sisulu", ",", "``", "the", "ANC", "has", "captured", "the", "center", "stage", "of", "political", "life", "in", "South", "Africa", ".", "''", "As", "a", "police", "helicopter", "circled", "overhead", ",", "Mr.", "Sisulu", "repeated", "the", "ANC", "'s", "demands", "on", "the", "government", "to", "create", "a", "climate", "for", "negotiations", ":", "Release", "all", "political", "prisoners", "unconditionally", ";", "lift", "all", "bans", "and", "restrictions", "on", "individuals", "and", "organizations", ";", "remove", "all", "troops", "from", "the", "black", "townships", ";", "end", "the", "state", "of", "emergency", ",", "and", "cease", "all", "political", "trials", "and", "political", "executions", ".", "If", "these", "conditions", "are", "met", ",", "he", "said", ",", "the", "ANC", "would", "be", "prepared", "to", "discuss", "suspending", "its", "guerrilla", "activities", ".", "``", "There", "can", "be", "no", "question", "of", "us", "unilaterally", "abandoning", "the", "armed", "struggle", ",", "''", "he", "said", ".", "``", "To", "date", ",", "we", "see", "no", "clear", "indication", "that", "the", "government", "is", "serious", "about", "negotiations", ".", "All", "their", "utterances", "are", "vague", ".", "''", "Echoing", "a", "phrase", "from", "Mr.", "de", "Klerk", ",", "Mr.", "Sisulu", "said", ",", "``", "Let", "all", "of", "us", "who", "love", "this", "country", "engage", "in", "the", "task", "of", "building", "a", "new", "South", "Africa", "." ]
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"ccomp", "case", "det", "obl", "mark", "acl", "det", "amod", "compound", "obj", "punct" ]
[ "Broad", "Inc.", "said", "it", "doubled", "its", "regular", "quarterly", "dividend", "to", "five", "cents", "a", "share", "from", "2.5", "cents", "on", "common", ",", "and", "to", "4.5", "cents", "a", "share", "2.25", "cents", "on", "Class", "B", "stock", ",", "payable", "Nov.", "10", "to", "holders", "of", "record", "Nov.", "6", ".", "The", "financial", "services", "company", "emerged", "from", "the", "restructuring", "of", "Kaufman", "&", "Broad", ",", "Inc.", ",", "which", "spun", "off", "its", "home-building", "subsidiary", "into", "Kaufman", "&", "Broad", "Home", "Corp.", "earlier", "this", "year", "and", "changed", "its", "name", "to", "Broad", "Inc", ".", "For", "the", "10-month", "fiscal", "year", "ended", "Sept.", "30", ",", "Chairman", "Eli", "Broad", "said", "he", "expected", "earnings", "results", "to", "approximate", "analysts", "'", "estimates", ",", "which", "the", "company", "said", "have", "been", "revised", "upward", "to", "80", "cents", "a", "share", ".", "This", "would", "compare", "with", "an", "estimated", "loss", "of", "3", "cents", "a", "share", "for", "the", "comparable", "10", "months", "last", "year", ",", "which", "included", "restructuring", "costs", "." ]
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[ "compound", "nsubj", "root", "nsubj", "ccomp", "nmod:poss", "amod", "amod", "obj", "case", "nummod", "obl", "det", "obl:npmod", "case", "nummod", "obl", "case", "nmod", "punct", "cc", "case", "nummod", "conj", "det", "obl:npmod", "nummod", "dep", "case", "compound", "compound", "nmod", "punct", "amod", "obl:tmod", "nummod", "case", "obl", "case", "nmod", "obl:tmod", "nummod", "punct", "det", "amod", "compound", "nsubj", "root", "case", "det", "obl", "case", "compound", "cc", "conj", "punct", "nmod", "punct", "nsubj", "acl:relcl", "compound:prt", "nmod:poss", "amod", "obj", "case", "compound", "cc", "conj", "compound", "obl", "advmod", "det", "obl:tmod", "cc", "conj", "nmod:poss", "obj", "case", "compound", "obl", "punct", "case", "det", "amod", "amod", "obl", "acl", "obl:tmod", "nummod", "punct", "compound", "compound", "nsubj", "root", "nsubj", "ccomp", "compound", "obj", "mark", "xcomp", "nmod:poss", "case", "obj", "punct", "obj", "det", "nsubj", "acl:relcl", "aux", "aux:pass", "ccomp", "advmod", "case", "nummod", "obl", "det", "obl:npmod", "punct", "nsubj", "aux", "root", "case", "det", "amod", "obl", "case", "nummod", "nmod", "det", "obl:npmod", "case", "det", "amod", "nummod", "nmod", "amod", "obl:tmod", "punct", "nsubj", "acl:relcl", "compound", "obj", "punct" ]
[ "Silicon", "Graphics", "Inc.", "'s", "first-quarter", "profit", "rose", "sharply", "to", "$", "5.2", "million", ",", "or", "28", "cents", "a", "share", ",", "from", "$", "1", "million", ",", "or", "six", "cents", "a", "share", ",", "a", "year", "ago", ".", "The", "maker", "of", "computer", "workstations", "said", "a", "surge", "of", "government", "orders", "contributed", "to", "the", "increase", ".", "Revenue", "rose", "95", "%", "to", "$", "86.4", "million", "from", "$", "44.3", "million", "the", "year", "earlier", ".", "In", "national", "over-the-counter", "trading", ",", "the", "company", "closed", "yesterday", "at", "$", "23.25", "a", "share", ",", "down", "25", "cents", "." ]
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[ "compound", "compound", "nmod:poss", "case", "compound", "nsubj", "root", "advmod", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "det", "nsubj", "case", "compound", "nmod", "root", "det", "nsubj", "case", "compound", "nmod", "ccomp", "case", "det", "obl", "punct", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "det", "obl:tmod", "amod", "punct", "case", "amod", "amod", "obl", "punct", "det", "nsubj", "root", "obl:tmod", "case", "obl", "nummod", "det", "obl:npmod", "punct", "advmod", "nummod", "obl:npmod", "punct" ]
[ "Millicom", "Inc.", "said", "it", "is", "one", "of", "two", "companies", "to", "receive", "a", "license", "to", "introduce", "and", "operate", "a", "cellular", "mobile", "telephone", "system", "in", "Pakistan", ".", "The", "market", "during", "the", "start-up", "is", "estimated", "at", "25,000", "subscribers", ".", "A", "spokeswoman", "for", "Millicom", ",", "a", "telecommunications", "company", ",", "said", "she", "did", "n't", "know", "the", "value", "of", "the", "contract", ".", "Cable", "&", "Wireless", "PLC", "of", "Britain", "won", "the", "other", "license", ".", "Millicom", "said", "it", "would", "build", "and", "operate", "the", "system", "in", "Pakistan", "with", "Comvik", "International", "AB", ",", "part", "of", "the", "Kinnevik", "group", "of", "Sweden", ",", "and", "Arfeen", "International", ",", "Pakistan", "." ]
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[ "compound", "nsubj", "root", "nsubj", "cop", "ccomp", "case", "nummod", "nmod", "mark", "acl", "det", "obj", "mark", "acl", "cc", "conj", "det", "amod", "amod", "compound", "obj", "case", "obl", "punct", "det", "nsubj:pass", "case", "det", "nmod", "aux:pass", "root", "case", "nummod", "obl", "punct", "det", "nsubj", "case", "nmod", "punct", "det", "compound", "appos", "punct", "root", "nsubj", "aux", "advmod", "ccomp", "det", "obj", "case", "det", "nmod", "punct", "compound", "cc", "conj", "nsubj", "case", "nmod", "root", "det", "amod", "obj", "punct", "nsubj", "root", "nsubj", "aux", "ccomp", "cc", "conj", "det", "obj", "case", "nmod", "case", "compound", "compound", "obl", "punct", "appos", "case", "det", "compound", "nmod", "case", "nmod", "punct", "cc", "compound", "conj", "punct", "appos", "punct" ]
[ "Beghin-Say", "S.A.", "said", "that", "it", "plans", "to", "sell", "its", "remaining", "paper", "operations", "by", "the", "end", "of", "January", "as", "part", "of", "a", "drive", "to", "refocus", "on", "the", "food", "sector", "and", "lower", "its", "debt", ".", "The", "French", "unit", "of", "Ferruzzi", "Agricola", "Finanziaria", "also", "disclosed", "a", "40", "%", "rise", "in", "its", "consolidated", "net", "profit", "for", "the", "first", "half", "of", "1989", ",", "excluding", "nonrecurring", "items", "and", "after", "payments", "to", "minority", "interests", ".", "Beghin-Say", "said", "the", "sale", "will", "be", "done", "in", "two", "parts", "and", "will", "raise", "a", "total", "of", "2.025", "billion", "francs", "(", "$", "325", "million", ")", ".", "This", "will", "include", "the", "sale", "of", "its", "interest", "in", "the", "joint", "venture", "Beghin", "Corbehem", "to", "Feldemuehle", "AG", ".", "The", "West", "German", "paper", "company", "entered", "the", "venture", "in", "April", "1988", "by", "acquiring", "a", "50", "%", "stake", ",", "also", "from", "Beghin-Say", ".", "The", "other", "part", "of", "the", "transaction", "will", "see", "Beghin-Say", "sell", "its", "50", "%", "stake", "in", "its", "Kaysersberg", "paper", "affiliate", "to", "an", "unspecified", "unit", "of", "the", "petrochemical", "group", "Montedison", "S.p", ".", "A.", ",", "which", "is", "also", "controlled", "by", "Ferruzzi", ".", "And", "in", "a", "separate", "transaction", ",", "Beghin-Say", "will", "sell", "its", "remaining", "25", "%", "interest", "in", "A.T.B.", ",", "a", "holding", "company", "for", "international", "trading", "assets", ",", "to", "an", "unspecified", "unit", "of", "Ferruzzi", "for", "258", "million", "francs", "." ]
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[ "compound", "nsubj", "root", "mark", "nsubj", "ccomp", "mark", "xcomp", "nmod:poss", "amod", "compound", "obj", "case", "det", "obl", "case", "nmod", "case", "obl", "case", "det", "nmod", "mark", "acl", "case", "det", "compound", "obl", "cc", "conj", "nmod:poss", "obj", "punct", "det", "amod", "nsubj", "case", "compound", "compound", "nmod", "advmod", "root", "det", "compound", "amod", "obj", "case", "nmod:poss", "amod", "amod", "nmod", "case", "det", "amod", "nmod", "case", "nmod", "punct", "case", "amod", "nmod", "cc", "case", "conj", "case", "compound", "nmod", "punct", "nsubj", "root", "det", "nsubj:pass", "aux", "aux:pass", "ccomp", "case", "nummod", "obl", "cc", "aux", "conj", "det", "obj", "case", "compound", "nummod", "nmod", "punct", "dep", "compound", "nummod", "punct", "punct", "nsubj", "aux", "root", "det", "obj", "case", "nmod:poss", "nmod", "case", "det", "amod", "nmod", "compound", "dep", "case", "compound", "nmod", "punct", "det", "amod", "amod", "compound", "nsubj", "root", "det", "obj", "case", "obl", "nummod", "mark", "advcl", "det", "compound", "amod", "obj", "punct", "advmod", "case", "obl", "punct", "det", "amod", "nsubj", "case", "det", "nmod", "aux", "root", "nsubj", "ccomp", "nmod:poss", "compound", "amod", "obj", "case", "nmod:poss", "compound", "compound", "nmod", "case", "det", "amod", "obl", "case", "det", "compound", "nmod", "compound", "compound", "punct", "dep", "punct", "nsubj:pass", "aux:pass", "advmod", "acl:relcl", "case", "obl", "punct", "cc", "case", "det", "amod", "obl", "punct", "nsubj", "aux", "root", "nmod:poss", "amod", "compound", "amod", "obj", "case", "nmod", "punct", "det", "amod", "appos", "case", "amod", "compound", "nmod", "punct", "case", "det", "amod", "obl", "case", "nmod", "case", "compound", "nummod", "obl", "punct" ]
[ "F.", "Gil", "Troutman", ",", "46", "years", "old", ",", "was", "named", "chief", "executive", "officer", ".", "He", "retains", "his", "titles", "of", "president", "and", "chief", "operating", "officer", "and", "succeeds", "as", "chief", "executive", "Howard", "O.", "Painter", "Jr.", ",", "who", "remains", "chairman", "of", "the", "board", ".", "DSP", "makes", "electronic", "instrumentation", "and", "data", "acquisition", "systems", "." ]
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[ "compound", "compound", "nsubj:pass", "punct", "nummod", "obl:npmod", "amod", "punct", "aux:pass", "root", "amod", "amod", "xcomp", "punct", "nsubj", "root", "nmod:poss", "obj", "case", "nmod", "cc", "compound", "compound", "conj", "cc", "conj", "advmod", "amod", "obl", "compound", "compound", "compound", "obj", "punct", "nsubj", "acl:relcl", "xcomp", "case", "det", "nmod", "punct", "nsubj", "root", "amod", "obj", "cc", "compound", "compound", "conj", "punct" ]
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[ "Hasbro", "Inc.", ",", "the", "nation", "'s", "largest", "toy", "maker", ",", "reported", "third-quarter", "earnings", "increased", "73", "%", "from", "a", "year", "earlier", "on", "a", "9.4", "%", "sales", "gain", ",", "reflecting", "improved", "margins", ".", "Hasbro", "said", "it", "had", "net", "income", "of", "$", "31.3", "million", ",", "or", "53", "cents", "a", "share", ",", "up", "from", "$", "18.1", "million", ",", "or", "31", "cents", "a", "share", ",", "a", "year", "earlier", ",", "when", "it", "took", "a", "pretax", "charge", "of", "$", "10", "million", "after", "dropping", "development", "of", "an", "interactive", "video", "entertainment", "system", ".", "Revenue", "rose", "to", "$", "403", "million", "from", "$", "368.4", "million", ".", "The", "company", "cited", "sales", "gains", "at", "its", "Milton", "Bradley", "and", "Playskool", "units", "and", "in", "its", "international", "business", "for", "the", "increase", "in", "revenue", ".", "Alan", "G.", "Hassenfeld", ",", "chairman", "and", "chief", "executive", ",", "added", "that", "Hasbro", "'s", "new", "line", "of", "battery-powered", "racing", "cars", ",", "called", "Record", "Breakers", ",", "and", "its", "acquisition", "of", "Cabbage", "Patch", "Kids", ",", "Scrabble", "and", "other", "lines", "from", "Coleco", "Industries", "Inc.", "puts", "the", "company", "``", "in", "a", "good", "position", "as", "we", "enter", "the", "Christmas", "buying", "season", ".", "''", "For", "the", "first", "nine", "months", "of", "the", "year", ",", "Hasbro", "'s", "net", "income", "rose", "33", "%", "to", "$", "68.2", "million", ",", "or", "$", "1.15", "a", "share", ",", "from", "$", "51.3", "million", ",", "or", "88", "cents", "a", "share", ",", "on", "a", "3.1", "%", "increase", "in", "revenue", "to", "$", "992.7", "million", "from", "$", "963", "million", "a", "year", "earlier", "." ]
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[ "compound", "nsubj", "punct", "det", "nmod:poss", "case", "amod", "compound", "appos", "punct", "root", "amod", "nsubj", "ccomp", "nummod", "obj", "case", "det", "obl:npmod", "advcl", "case", "det", "compound", "amod", "compound", "obl", "punct", "advcl", "amod", "obj", "punct", "nsubj", "root", "nsubj", "ccomp", "amod", "obj", "case", "nmod", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "advmod", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "det", "obl:npmod", "advmod", "punct", "advmod", "nsubj", "advcl", "det", "amod", "obj", "case", "nmod", "compound", "nummod", "mark", "advcl", "obj", "case", "det", "amod", "compound", "compound", "nmod", "punct", "nsubj", "root", "case", "obl", "compound", "nummod", "case", "obl", "compound", "nummod", "punct", "det", "nsubj", "root", "amod", "obj", "case", "nmod:poss", "compound", "nmod", "cc", "compound", "conj", "cc", "case", "nmod:poss", "amod", "conj", "case", "det", "obl", "case", "nmod", "punct", "compound", "compound", "nsubj", "punct", "appos", "cc", "amod", "conj", "punct", "root", "mark", "nmod:poss", "case", "amod", "nsubj", "case", "amod", "compound", "nmod", "punct", "acl", "compound", "xcomp", "punct", "cc", "nmod:poss", "conj", "case", "compound", "compound", "nmod", "punct", "conj", "cc", "amod", "conj", "case", "compound", "compound", "nmod", "ccomp", "det", "obj", "punct", "case", "det", "amod", "obl", "mark", "nsubj", "advcl", "det", "compound", "compound", "obj", "punct", "punct", "case", "det", "amod", "nummod", "obl", "case", "det", "nmod", "punct", "nmod:poss", "case", "amod", "nsubj", "root", "nummod", "obj", "case", "obl", "compound", "nummod", "punct", "cc", "conj", "nummod", "det", "obl:npmod", "punct", "case", "obl", "compound", "nummod", "punct", "cc", "nummod", "conj", "det", "obl:npmod", "punct", "case", "det", "compound", "amod", "obl", "case", "nmod", "case", "nmod", "compound", "nummod", "case", "nmod", "compound", "nummod", "det", "obl:npmod", "advmod", "punct" ]
[ "McCaw", "Cellular", "Communications", "Inc.", "must", "extend", "its", "offer", "for", "LIN", "Broadcasting", "Corp.", "because", "it", "has", "``", "not", "yet", "announced", "committed", "financing", "sufficient", "to", "complete", "''", "the", "bid", ",", "LIN", "said", "in", "New", "York", ".", "According", "to", "Securities", "and", "Exchange", "Commission", "rules", ",", "McCaw", "is", "required", "to", "keep", "its", "offer", "for", "the", "cellular-phone", "and", "broadcasting", "concern", "open", "for", "at", "least", "five", "business", "days", "after", "the", "announcement", "of", "the", "financing", ",", "LIN", "said", ".", "McCaw", "'s", "offer", "is", "scheduled", "to", "expire", "tomorrow", ".", "Last", "week", ",", "McCaw", "said", "it", "obtained", "``", "firm", "''", "financing", "commitments", "from", "three", "major", "banks", "in", "regard", "to", "its", "bid", "to", "control", "LIN", "Broadcasting", ".", "The", "banks", "jointly", "committed", "$", "1.2", "billion", "of", "financing", ",", "subject", "to", "certain", "conditions", ",", "McCaw", "said", ".", "A", "spokesman", "for", "McCaw", "said", "the", "company", "was", "``", "moving", "forward", "with", "our", "financing", ".", "''", "He", "added", "that", "``", "hopefully", "LIN", "will", "conduct", "a", "fair", "auction", ".", "''", "McCaw", "wants", "to", "buy", "22", "million", "shares", "of", "LIN", "for", "$", "125", "each", ",", "or", "$", "2.75", "billion", ",", "which", "would", "result", "in", "McCaw", "'s", "owning", "50.3", "%", "of", "LIN", ".", "The", "offer", "is", "in", "limbo", ",", "however", ",", "because", "LIN", "has", "agreed", "to", "merge", "its", "cellular-phone", "businesses", "with", "BellSouth", "Corp", ".", "In", "national", "over-the-counter", "trading", "yesterday", ",", "LIN", "rose", "50", "cents", ",", "to", "$", "109.25", "." ]
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[ "compound", "compound", "compound", "nsubj", "aux", "ccomp", "nmod:poss", "obj", "case", "compound", "compound", "nmod", "mark", "nsubj", "aux", "punct", "advmod", "advmod", "advcl", "amod", "obj", "amod", "mark", "xcomp", "punct", "det", "obj", "punct", "nsubj", "root", "case", "compound", "obl", "punct", "case", "fixed", "compound", "cc", "conj", "compound", "obl", "punct", "nsubj:pass", "aux:pass", "ccomp", "mark", "xcomp", "nmod:poss", "nsubj", "case", "det", "compound", "cc", "conj", "nmod", "xcomp", "case", "case", "obl:npmod", "nummod", "compound", "dep", "case", "det", "dep", "case", "det", "nmod", "punct", "nsubj", "root", "punct", "nmod:poss", "case", "nsubj:pass", "aux:pass", "root", "mark", "xcomp", "obl:tmod", "punct", "amod", "obl:tmod", "punct", "nsubj", "root", "nsubj", "ccomp", "punct", "amod", "punct", "amod", "obj", "case", "nummod", "amod", "obl", "case", "obl", "case", "nmod:poss", "nmod", "mark", "acl", "compound", "obj", "punct", "det", "nsubj", "advmod", "ccomp", "obj", "compound", "nummod", "case", "nmod", "punct", "amod", "case", "amod", "obl", "punct", "nsubj", "root", "punct", "det", "nsubj", "case", "nmod", "root", "det", "nsubj", "aux", "punct", "ccomp", "advmod", "case", "nmod:poss", "obl", "punct", "punct", "nsubj", "root", "mark", "punct", "advmod", "nsubj", "aux", "ccomp", "det", "amod", "obj", "punct", "punct", "nsubj", "root", "mark", "xcomp", "compound", "nummod", "obj", "case", "nmod", "case", "obl", "nummod", "obl:npmod", "punct", "cc", "conj", "compound", "nummod", "punct", "nsubj", "aux", "ccomp", "mark", "nsubj", "case", "advcl", "nummod", "obj", "case", "nmod", "punct", "det", "nsubj", "cop", "case", "root", "punct", "advmod", "punct", "mark", "nsubj", "aux", "advcl", "mark", "xcomp", "nmod:poss", "compound", "obj", "case", "compound", "obl", "punct", "case", "amod", "amod", "obl", "obl:tmod", "punct", "nsubj", "root", "nummod", "obl:npmod", "punct", "case", "obl", "nummod", "punct" ]
[ "The", "Treasury", "plans", "to", "raise", "$", "175", "million", "in", "new", "cash", "Thursday", "by", "selling", "about", "$", "9.75", "billion", "of", "52-week", "bills", "and", "redeeming", "$", "9.58", "billion", "of", "maturing", "bills", ".", "The", "bills", "will", "be", "dated", "Oct.", "26", "and", "will", "mature", "Oct.", "25", ",", "1990", ".", "They", "will", "be", "available", "in", "minimum", "denominations", "of", "$", "10,000", ".", "Bids", "must", "be", "received", "by", "1", "p.m.", "EDT", "Thursday", "at", "the", "Treasury", "or", "at", "Federal", "Reserve", "banks", "or", "branches", "." ]
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[ "det", "nsubj", "root", "mark", "xcomp", "obj", "compound", "nummod", "case", "amod", "nmod", "obl:tmod", "mark", "advcl", "advmod", "obj", "compound", "nummod", "case", "amod", "nmod", "cc", "conj", "obj", "nummod", "nummod", "case", "amod", "nmod", "punct", "det", "nsubj:pass", "aux", "aux:pass", "root", "xcomp", "nummod", "cc", "aux", "conj", "obl:tmod", "nummod", "punct", "nummod", "punct", "nsubj", "aux", "cop", "root", "case", "amod", "obl", "case", "nmod", "nummod", "punct", "nsubj:pass", "aux", "aux:pass", "root", "case", "nummod", "advmod", "obl", "obl:tmod", "case", "det", "obl", "cc", "case", "compound", "compound", "conj", "cc", "conj", "punct" ]
[ "Rally", "'s", "Inc.", "said", "it", "has", "redeemed", "its", "rights", "outstanding", "issued", "Monday", "in", "its", "shareholder", "rights", "plan", ".", "The", "company", "said", "holders", "of", "stock", "of", "record", "Nov.", "10", "will", "receive", "1/10th", "of", "one", "cent", "a", "share", "as", "the", "redemption", "payment", ".", "The", "fast-food", "company", "said", "its", "decision", "was", "based", "upon", "discussions", "with", "a", "shareholder", "group", ",", "Giant", "Group", "Ltd.", ",", "``", "in", "an", "effort", "to", "resolve", "certain", "disputes", "with", "the", "company", ".", "''", "Giant", "Group", "is", "led", "by", "three", "Rally", "'s", "directors", ",", "Burt", "Sugarman", ",", "James", "M.", "Trotter", "III", "and", "William", "E.", "Trotter", "II", ",", "who", "last", "month", "indicated", "they", "hold", "a", "42.5", "%", "stake", "in", "Rally", "'s", "and", "plan", "to", "seek", "a", "majority", "of", "seats", "on", "Rally", "'s", "nine-member", "board", "." ]
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[ "Ford", "Motor", "Co.", "and", "Saab-Scania", "AB", "of", "Sweden", "broke", "off", "talks", "about", "a", "possible", "alliance", "after", "Ford", "officials", "concluded", "that", "the", "cost", "to", "modernize", "Saab", "'s", "car", "operations", "would", "outweigh", "the", "likely", "return", ".", "With", "the", "collapse", "of", "the", "talks", "Friday", ",", "European", "analysts", "expect", "Ford", "to", "intensify", "its", "pursuit", "of", "British", "luxury", "car", "maker", "Jaguar", "PLC", ",", "which", "is", "scrambling", "to", "fend", "off", "a", "hostile", "Ford", "bid", "by", "negotiating", "a", "friendly", "alliance", "with", "Ford", "'s", "archrival", ",", "General", "Motors", "Corp", ".", "Saab", ",", "meanwhile", ",", "is", "left", "to", "continue", "its", "search", "for", "an", "ally", "to", "shore", "up", "its", "sagging", "car", "business", ".", "Saab", "said", "last", "week", "it", "``", "has", "had", "and", "will", "continue", "to", "have", "contacts", "with", "other", "manufacturers", ".", "''", "Among", "the", "possible", "suitors", "is", "Italy", "'s", "Fiat", "S.p", ".", "A", ",", "analysts", "said", "last", "week", ".", "Ford", "and", "Saab", "officials", "declined", "to", "elaborate", "publicly", "on", "the", "announcement", "Friday", "that", "their", "negotiations", "failed", "to", "yield", "an", "agreement", "``", "that", "could", "make", "long-term", "business", "sense", "to", "both", "parties", ".", "''", "Individuals", "close", "to", "the", "Ford", "side", "of", "the", "negotiations", "said", "late", "last", "week", "that", "the", "No.", "2", "U.S.", "auto", "maker", "lost", "interest", "as", "it", "became", "clear", "that", "the", "Swedish", "auto", "maker", "'s", "automotive", "operations", "had", "little", "to", "offer", "in", "the", "way", "of", "image", "or", "technology", ".", "Ford", "originally", "had", "seen", "a", "Saab", "alliance", "as", "a", "way", "to", "expand", "its", "presence", "in", "the", "European", "and", "U.S.", "luxury", "car", "markets", ".", "In", "addition", ",", "Ford", "and", "Saab", "had", "discussed", "a", "possible", "link", "between", "their", "heavy", "truck", "operations", ".", "But", "the", "talks", "on", "a", "heavy", "truck", "alliance", "apparently", "did", "n't", "go", "far", ".", "Some", "European", "analysts", "speculated", "that", "officials", "of", "Saab", "'s", "highly", "profitable", "Scania", "truck", "operation", "balked", "at", "surrendering", "any", "of", "their", "autonomy", ".", "Meanwhile", ",", "Ford", "officials", "became", "convinced", "they", "could", "n't", "expect", "to", "recover", "the", "investment", "it", "would", "require", "to", "make", "Saab", "'s", "cars", "competitive", "in", "the", "increasingly", "crowded", "luxury", "market", ".", "Saab", "'s", "problems", "were", "underscored", "Friday", "when", "the", "company", "announced", "that", "its", "car", "division", "had", "a", "1.2", "billion", "kronor", "(", "$", "186.1", "million", ")", "loss", "during", "the", "first", "eight", "months", "of", "this", "year", ",", "slightly", "worse", "than", "Saab-Scania", "had", "forecast", "in", "its", "first-half", "report", "last", "month", ".", "Overall", ",", "Saab-Scania", "'s", "pretax", "profit", "during", "the", "first", "eight", "months", "of", "the", "year", "plunged", "48.9", "%", "to", "1", "billion", "Swedish", "kronor", "(", "$", "155.1", "million", ")", "from", "1.96", "billion", "kronor", "(", "$", "303.9", "million", ")", "a", "year", "earlier", ".", "Industry", "analysts", "in", "Europe", "said", "the", "most", "likely", "suitor", "for", "Saab", "now", "is", "Fiat", ".", "Saab", "and", "Fiat", "have", "worked", "together", "in", "the", "past", ",", "in", "one", "case", "developing", "jointly", "a", "new", "auto", "chassis", "that", "became", "the", "foundation", "of", "Saab", "'s", "9000", "model", ",", "Fiat", "'s", "Croma", "and", "Lancia", "'s", "Thema", ".", "Last", "month", ",", "Saab-Scania", "Chief", "Executive", "Georg", "Karnsund", "said", "his", "company", "has", "had", "talks", "with", "Fiat", "about", "a", "broader", "alliance", ".", "But", "the", "talks", "yielded", "``", "nothing", "so", "advanced", "that", "we", "needed", "to", "make", "a", "public", "announcement", "about", "it", ",", "''", "he", "said", ".", "As", "for", "Ford", ",", "analysts", "expect", "the", "end", "of", "the", "Saab", "play", "will", "allow", "the", "U.S.", "auto", "maker", "to", "focus", "its", "resources", "on", "the", "intensifying", "struggle", "with", "GM", "for", "a", "stake", "in", "Jaguar", ".", "The", "failure", "of", "the", "Saab", "talks", "``", "makes", "it", "even", "more", "crucial", "for", "-LCB-", "Ford", "-RCB-", "to", "be", "victorious", "''", "in", "the", "Jaguar", "contest", ",", "said", "Stephen", "Reitman", ",", "European", "auto", "industry", "analyst", "at", "UBS-Phillips", "&", "Drew", "in", "London", ".", "Ford", "faces", "an", "uphill", "fight", "for", "Jaguar", ",", "however", ".", "Jaguar", "executives", "said", "last", "week", "they", "expect", "to", "have", "a", "friendly", "alliance", "with", "GM", "wrapped", "up", "by", "the", "end", "of", "the", "month", ".", "GM", ",", "meanwhile", ",", "is", "hosting", "a", "delegation", "of", "members", "of", "the", "British", "Parliament", "who", "are", "touring", "the", "auto", "maker", "'s", "headquarter", "operations", "in", "Detroit", ".", "A", "GM", "spokesman", "said", "the", "visit", "is", "n't", "connected", "to", "the", "Jaguar", "situation", ".", "But", "Ford", "clearly", "views", "Jaguar", "as", "a", "prize", "worth", "fighting", "for", ",", "since", "the", "company", "'s", "gilded", "brand", "image", "would", "give", "Ford", "a", "badly", "needed", "leg", "up", "in", "the", "high", "end", "of", "the", "luxury", "markets", "in", "both", "Europe", "and", "the", "U.S.", ".", "Last", "week", ",", "Ford", "encountered", "a", "setback", "in", "its", "effort", "to", "broaden", "its", "U.S.", "luxury", "offerings", "when", "it", "was", "forced", "to", "abandon", "a", "four-year-old", "effort", "to", "market", "its", "German-built", "Scorpio", "sedan", "in", "the", "U.S.", "as", "a", "luxury", "import", "under", "the", "Merkur", "brand", "name", ".", "So", "despite", "the", "GM-Jaguar", "romance", ",", "analysts", "say", "Ford", "by", "last", "Friday", "had", "boosted", "its", "Jaguar", "holding", "to", "about", "11", "%", "of", "the", "luxury", "auto", "maker", "'s", "shares", "outstanding", "from", "10.4", "%", "early", "last", "week", ".", "About", "5.4", "million", "Jaguar", "shares", "changed", "hands", "in", "active", "trading", "on", "London", "'s", "stock", "exchange", "Friday", ",", "and", "Jaguar", "shares", "moved", "up", "19", "pence", "to", "696", "pence", "(", "$", "11", ")", ".", "On", "the", "U.S.", "over-the-counter", "market", ",", "Jaguar", "'s", "American", "depositary", "receipts", "rose", "12.5", "cents", "to", "$", "11.125", ".", "Joann", "S.", "Lublin", "contributed", "to", "this", "article", "." ]
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