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pierre <unk> N years old will join the board as a nonexecutive director nov. N
mr. <unk> is chairman of <unk> n.v. the dutch publishing group
rudolph <unk> N years old and former chairman of consolidated gold fields plc was named a nonexecutive director of this british industrial conglomerate
a form of asbestos once used to make kent cigarette filters has caused a high percentage of cancer deaths among a group of workers exposed to it more than N years ago researchers reported
the asbestos fiber <unk> is unusually <unk> once it enters the <unk> with even brief exposures to it causing symptoms that show up decades later researchers said
<unk> inc. the unit of new york-based <unk> corp. that makes kent cigarettes stopped using <unk> in its <unk> cigarette filters in N
although preliminary findings were reported more than a year ago the latest results appear in today 's new england journal of medicine a forum likely to bring new attention to the problem
a <unk> <unk> said this is an old story
we 're talking about years ago before anyone heard of asbestos having any questionable properties
there is no asbestos in our products now
neither <unk> nor the researchers who studied the workers were aware of any research on smokers of the kent cigarettes
we have no useful information on whether users are at risk said james a. <unk> of boston 's <unk> cancer institute
dr. <unk> led a team of researchers from the national cancer institute and the medical schools of harvard university and boston university
the <unk> spokeswoman said asbestos was used in very modest amounts in making paper for the filters in the early 1950s and replaced with a different type of <unk> in N
from N to N N billion kent cigarettes with the filters were sold the company said
among N men who worked closely with the substance N have died more than three times the expected number
four of the five surviving workers have <unk> diseases including three with recently <unk> cancer
the total of N deaths from malignant <unk> lung cancer and <unk> was far higher than expected the researchers said
the <unk> rate is a striking finding among those of us who study <unk> diseases said dr. <unk>
the percentage of lung cancer deaths among the workers at the west <unk> mass. paper factory appears to be the highest for any asbestos workers studied in western industrialized countries he said
the plant which is owned by <unk> & <unk> co. was under contract with <unk> to make the cigarette filters
the finding probably will support those who argue that the u.s. should regulate the class of asbestos including <unk> more <unk> than the common kind of asbestos <unk> found in most schools and other buildings dr. <unk> said
the u.s. is one of the few industrialized nations that does n't have a higher standard of regulation for the smooth <unk> fibers such as <unk> that are classified as <unk> according to <unk> t. <unk> a professor of <unk> at the university of vermont college of medicine
more common <unk> fibers are <unk> and are more easily rejected by the body dr. <unk> explained
in july the environmental protection agency imposed a gradual ban on virtually all uses of asbestos
by N almost all remaining uses of <unk> asbestos will be outlawed
about N workers at a factory that made paper for the kent filters were exposed to asbestos in the 1950s
areas of the factory were particularly dusty where the <unk> was used
workers dumped large <unk> <unk> of the imported material into a huge <unk> poured in cotton and <unk> fibers and <unk> mixed the dry fibers in a process used to make filters
workers described clouds of blue dust that hung over parts of the factory even though <unk> fans <unk> the area
there 's no question that some of those workers and managers contracted <unk> diseases said <unk> phillips vice president of human resources for <unk> & <unk>
but you have to recognize that these events took place N years ago
it has no bearing on our work force today
yields on money-market mutual funds continued to slide amid signs that portfolio managers expect further declines in interest rates
the average seven-day compound yield of the N taxable funds tracked by <unk> 's money fund report eased a fraction of a percentage point to N N from N N for the week ended tuesday
compound yields assume reinvestment of dividends and that the current yield continues for a year
average maturity of the funds ' investments <unk> by a day to N days the longest since early august according to donoghue 's
longer maturities are thought to indicate declining interest rates because they permit portfolio managers to retain relatively higher rates for a longer period
shorter maturities are considered a sign of rising rates because portfolio managers can capture higher rates sooner
the average maturity for funds open only to institutions considered by some to be a stronger indicator because those managers watch the market closely reached a high point for the year N days
nevertheless said <unk> <unk> <unk> editor of money fund report yields may <unk> up again before they <unk> down because of recent rises in short-term interest rates
the yield on six-month treasury bills sold at monday 's auction for example rose to N N from N N
despite recent declines in yields investors continue to pour cash into money funds
assets of the N taxable funds grew by $ N billion during the latest week to $ N billion
typically money-fund yields beat comparable short-term investments because portfolio managers can vary maturities and go after the highest rates
the top money funds are currently yielding well over N N
dreyfus world-wide dollar the <unk> fund had a seven-day compound yield of N N during the latest week down from N N a week earlier
it invests heavily in dollar-denominated securities overseas and is currently <unk> management fees which boosts its yield
the average seven-day simple yield of the N funds was N N down from N N
the 30-day simple yield fell to an average N N from N N the 30-day compound yield slid to an average N N from N N
j.p. <unk> vice chairman of <unk> grace & co. which holds a N N interest in this <unk> company was elected a director
he succeeds <unk> d. <unk> formerly a <unk> grace vice chairman who resigned
<unk> grace holds three of grace energy 's seven board seats
pacific first financial corp. said shareholders approved its acquisition by royal <unk> ltd. of toronto for $ N a share or $ N million
the thrift holding company said it expects to obtain regulatory approval and complete the transaction by year-end
<unk> international inc. said its <unk> & <unk> unit completed the sale of its <unk> controls operations to <unk> s.p a. for $ N million
<unk> is an italian state-owned holding company with interests in the mechanical engineering industry
<unk> controls based in <unk> ohio makes computerized industrial controls systems
it employs N people and has annual revenue of about $ N million
the federal government suspended sales of u.s. savings bonds because congress has n't lifted the ceiling on government debt
until congress acts the government has n't any authority to issue new debt obligations of any kind the treasury said
the government 's borrowing authority dropped at midnight tuesday to $ N trillion from $ N trillion
legislation to lift the debt ceiling is <unk> in the fight over cutting capital-gains taxes
the house has voted to raise the ceiling to $ N trillion but the senate is n't expected to act until next week at the earliest
the treasury said the u.s. will default on nov. N if congress does n't act by then
clark j. <unk> was named senior vice president and general manager of this u.s. sales and marketing arm of japanese auto maker mazda motor corp
in the new position he will oversee mazda 's u.s. sales service parts and marketing operations
previously mr. <unk> N years old was general marketing manager of chrysler corp. 's chrysler division
he had been a sales and marketing executive with chrysler for N years
when it 's time for their <unk> <unk> the nation 's manufacturing <unk> typically jet off to the <unk> <unk> of resort towns like <unk> <unk> and hot springs
not this year
the national association of manufacturers settled on the <unk> capital of indianapolis for its fall board meeting
and the city decided to treat its guests more like royalty or rock stars than factory owners
the idea of course to prove to N corporate decision makers that the buckle on the <unk> belt is n't so <unk> after all that it 's a good place for a company to expand
on the receiving end of the message were officials from giants like du pont and <unk> along with lesser <unk> like <unk> steel and the valley queen <unk> factory
for <unk> the executives joined mayor william h. <unk> iii for an evening of the indianapolis <unk> <unk> and a guest <unk> victor <unk>
champagne and <unk> followed
the next morning with a police <unk> <unk> of executives and their wives <unk> to the indianapolis motor <unk> <unk> by traffic or red lights
the governor could n't make it so the <unk> governor welcomed the special guests
a buffet breakfast was held in the museum where food and drinks are banned to everyday visitors
then in the guests ' honor the <unk> <unk> out four drivers crews and even the official indianapolis N announcer for a <unk> exhibition race
after the race fortune N executives <unk> like <unk> over the cars and drivers
no <unk> the drivers pointed out they still had space on their machines for another sponsor 's name or two
back downtown the <unk> squeezed in a few meetings at the hotel before <unk> the buses again
this time it was for dinner and <unk> a block away
under the stars and <unk> of the <unk> indiana <unk> <unk> nine of the hottest chefs in town fed them indiana <unk> <unk> <unk> <unk> <unk> <unk> and <unk> <unk> with a <unk> <unk>
knowing a <unk> and free <unk> when they eat one the executives gave the chefs a standing <unk>
more than a few <unk> say the <unk> treatment <unk> them to return to a <unk> city for future meetings
but for now they 're looking forward to their winter meeting <unk> in february
south korea registered a trade deficit of $ N million in october reflecting the country 's economic <unk> according to government figures released wednesday
preliminary <unk> by the trade and industry ministry showed another trade deficit in october the fifth monthly setback this year casting a cloud on south korea 's <unk> economy
exports in october stood at $ N billion a mere N N increase from a year earlier while imports increased sharply to $ N billion up N N from last october
south korea 's economic boom which began in N stopped this year because of prolonged labor disputes trade conflicts and sluggish exports
government officials said exports at the end of the year would remain under a government target of $ N billion
despite the gloomy forecast south korea has recorded a trade surplus of $ N million so far this year
from january to october the nation 's accumulated exports increased N N from the same period last year to $ N billion
imports were at $ N billion up N N
newsweek trying to keep pace with rival time magazine announced new advertising rates for N and said it will introduce a new incentive plan for advertisers
the new ad plan from newsweek a unit of the washington post co. is the second incentive plan the magazine has offered advertisers in three years