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Sony Corp. <ei205>completed</ei205> its tender <ei206>offer</ei206> for Columbia Pictures Entertainment Inc., with Columbia shareholders <ei207>tendering</ei207> 99.3% of all common shares outstanding by the <t38>Tuesday</t38> deadline.
Sony Columbia Acquisition Corp., <ei208>formed</ei208> for the Columbia deal, will formally <ei209>take</ei209> ownership of the movie studio later <t34>this month</t34>, a spokesman <ei211>said</ei211>. Sony is <ei212>paying</ei212> $27 a share, or $3.55 billion, cash and is <ei213>assuming</ei213> $1.4 billion of long-term debt.
Still <ei214>unresolved</ei214> is Sony's <ei215>effort</ei215> to <ei216>hire</ei216> producers Jon Peters and Peter Guber to <ei217>run</ei217> the studio. Sony's planned <ei219>acquisition</ei219> of Guber/Peters Entertainment Co. for $200 million is <ei220>scheduled</ei220> to <ei221>close</ei221> <t40>Monday</t40>. |
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Sony's planned <ei219>acquisition</ei219> of Guber/Peters Entertainment Co. for $200 million is <ei220>scheduled</ei220> to <ei221>close</ei221> <t40>Monday</t40>. Guber/Peters has been <ei222>locked</ei222> in <ei223>litigation</ei223> with Warner Communications Inc. in an <ei224>attempt</ei224> to <ei225>get</ei225> out of an exclusive production contract with Warner. Both sides are in <ei226>talks</ei226> to <ei227>settle</ei227> the <ei228>dispute</ei228>. |
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West German and French authorities have <ei120>cleared</ei120> Dresdner Bank AG's <ei121>takeover</ei121> of a majority stake in Banque Internationale de Placement (BIP), Dresdner Bank <ei122>said</ei122>.
The <ei123>approval</ei123>, which had been <ei124>expected</ei124>, <ei125>permits</ei125> West Germany's second-largest bank to <ei126>acquire</ei126> shares of the French investment bank.
In a first step, Dresdner Bank will <ei127>buy</ei127> 32.99% of BIP for 1,015 French francs ($162) a share, or 528 million francs ($84.7 million). Dresdner Bank <ei128>said</ei128> it will also <ei129>buy</ei129> all shares <ei130>tendered</ei130> by shareholders on the Paris Stock Exchange at the same price from <t27>today</t27> through <t28>Nov. 17</t28>. In addition, the bank <ei131>has</ei131> an option to <ei133>buy</ei133> a 30.84% stake in BIP from Societe Generale after <t29>Jan. 1, 1990</t29> at 1,015 francs a share. |
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StatesWest Airlines, Phoenix, Ariz., <ei150>said</ei150> it <ei151>withdrew</ei151> its <ei152>offer</ei152> to <ei153>acquire</ei153> Mesa Airlines because the Farmington, N.M., carrier didn't <ei154>respond</ei154> to its <ei155>offer</ei155> by the <ei156>close</ei156> of business <t41>yesterday</t41>, a deadline StatesWest had <ei158>set</ei158> for a response.
However, StatesWest isn't <ei159>abandoning</ei159> its <ei160>pursuit</ei160> of the much-larger Mesa. StatesWest, which has a 7.25% stake in Mesa, <ei161>said</ei161> it may <ei162>purchase</ei162> more Mesa stock or <ei163>make</ei163> a tender <ei164>offer</ei164> directly to Mesa shareholders.
StatesWest had <ei165>proposed</ei165> <ei166>acquiring</ei166> Mesa for $7 a share and one share of a new series of StatesWest 6% convertible preferred stock it values at $3 a share. Earlier, Mesa had <ei167>rejected</ei167> a general <ei168>proposal</ei168> from StatesWest to <ei169>combine</ei169> the two carriers in some way. |
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Earlier, Mesa had <ei167>rejected</ei167> a general <ei168>proposal</ei168> from StatesWest to <ei169>combine</ei169> the two carriers in some way.
StatesWest serves 10 cities in California, Arizona and Nevada. Mesa flies to 42 cities in New Mexico, Arizona, Wyoming, Colorado and Texas. |
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This hasn't been Kellogg Co.'s year. The oat-bran <ei1994>craze</ei1994> has <ei1995>cost</ei1995> the world's largest cereal maker market share. The company's president <ei1996>quit</ei1996> suddenly. And <t296>now</t296> Kellogg is indefinitely <ei1997>suspending</ei1997> <ei1998>work</ei1998> on what was to be a $1 billion cereal plant.
The company <ei2000>said</ei2000> it was <ei2001>delaying</ei2001> <ei2002>construction</ei2002> because of <t193>current</t193> market <ei2003>conditions</ei2003>. |
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"ei2014",
"t193",
"ei2001",
"ei2004",
"ei2003",
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"ei2002",
"ei2000",
"t196",
"ei2005",
"t419",
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"ei2010",
"ei2006",
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] | Documents Creation Time: <t0>10/30/89</t0>
The company <ei2000>said</ei2000> it was <ei2001>delaying</ei2001> <ei2002>construction</ei2002> because of <t193>current</t193> market <ei2003>conditions</ei2003>. But the Memphis, Tenn., facility wasn't to <ei2004>begin</ei2004> <ei2005>turning</ei2005> out product until <t196>1993</t196>, so the <ei2006>decision</ei2006> may reveal a more pessimistic long-term outlook as well.
Kellogg, which hasn't been as <ei2008>successful</ei2008> in <ei2009>capitalizing</ei2009> on the public's health-oriented desire for oat bran as rival General Mills Inc., has been <ei2010>losing</ei2010> share in the $6 billion ready-to-eat cereal market. Kellogg's <t200>current</t200> share is <ei2011>believed</ei2011> to be slightly under 40% while General Mills' share is about 27%.
<ei2014>Led</ei2014> by its oat-based Cheerios line, General Mills has <ei2015>gained</ei2015> an estimated 2% share so far <t419>this year</t419>, mostly at the expense of Kellogg. |
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] | wsj_0610_2 | [
"t207",
"ei2019",
"ei2021",
"ei2014",
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"ei2022",
"ei2025",
"t419",
"ei2020",
"ei2023",
"ei2026",
"ei2017",
"ei2015",
"ei2018",
"t0"
] | Documents Creation Time: <t0>10/30/89</t0>
<ei2014>Led</ei2014> by its oat-based Cheerios line, General Mills has <ei2015>gained</ei2015> an estimated 2% share so far <t419>this year</t419>, mostly at the expense of Kellogg. Each share point is worth about $60 million in sales.
Analysts <ei2017>say</ei2017> much of Kellogg's <ei2018>erosion</ei2018> has been in such core brands as Corn Flakes, Rice Krispies and Frosted Flakes, which represent nearly one-third of its sales volume. Kellogg is so <ei2019>anxious</ei2019> to <ei2020>turn</ei2020> around Corn Flakes sales that it <t207>soon</t207> will <ei2021>begin</ei2021> <ei2022>selling</ei2022> boxes for as little as 99 cents, trade sources <ei2023>say</ei2023>.
"Cheerios and Honey Nut Cheerios have <ei2024>eaten</ei2024> away sales normally <ei2025>going</ei2025> to Kellogg's corn-based lines simply because they are <ei2026>made</ei2026> of oats," <ei2027>says</ei2027> Merrill Lynch food analyst William Maguire. |
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"ei2024",
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"ei2027",
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"ei2035",
"ei2034",
"ei2025",
"t214",
"ei2031",
"ei2037",
"ei2026",
"t211",
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"t0"
] | Documents Creation Time: <t0>10/30/89</t0>
"Cheerios and Honey Nut Cheerios have <ei2024>eaten</ei2024> away sales normally <ei2025>going</ei2025> to Kellogg's corn-based lines simply because they are <ei2026>made</ei2026> of oats," <ei2027>says</ei2027> Merrill Lynch food analyst William Maguire. "They are not a <ei2127>happy</ei2127> group of people at Battle Creek <t209>right now</t209>." Kellogg is based in Battle Creek, Mich., a city that calls itself the breakfast capital of the world.
Another analyst, John C. Maxwell Jr. of Wheat, First Securities in Richmond, Va., <t210>recently</t210> <ei2137>went</ei2137> to a "sell" recommendation on Kellogg stock, which <ei2031>closed</ei2031> <t211>Friday</t211> at $71.75, down 75 cents, in New York Stock Exchange composite trading. "I don't <ei2034>think</ei2034> Kellogg can <ei2035>get</ei2035> back to 40% <t214>this year</t214>," he <ei2037>said</ei2037>. |
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"t226",
"ei2046",
"ei2043",
"ei2040",
"ei2035",
"ei2045",
"ei2050",
"ei2034",
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"ei2038",
"ei2047",
"t214",
"ei2037",
"ei2049",
"t220",
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] | Documents Creation Time: <t0>10/30/89</t0>
"I don't <ei2034>think</ei2034> Kellogg can <ei2035>get</ei2035> back to 40% <t214>this year</t214>," he <ei2037>said</ei2037>. "Kellogg's main problem is life style. People are <ei2038>reading</ei2038> the boxes and <ei2039>deciding</ei2039> they <ei2040>want</ei2040> something that's `healthy' for you -- oats, bran." Mr. Maxwell <ei2042>said</ei2042> he wouldn't be <ei2043>surprised</ei2043> if, over <t220>the next two years or so</t220>, General Mills' share <ei2044>increased</ei2044> to 30% or more.
In <ei2045>announcing</ei2045> the plant <ei2046>delay</ei2046>, Kellogg Chairman William E. LaMothe <ei2047>said</ei2047>, "Cereal volume <ei2048>growth</ei2048> in the U.S. has not <ei2049>met</ei2049> our <ei2050>expectations</ei2050> for <t226>1989</t226>". |
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In <ei2045>announcing</ei2045> the plant <ei2046>delay</ei2046>, Kellogg Chairman William E. LaMothe <ei2047>said</ei2047>, "Cereal volume <ei2048>growth</ei2048> in the U.S. has not <ei2049>met</ei2049> our <ei2050>expectations</ei2050> for <t226>1989</t226>". He <ei2051>said</ei2051> <ei2052>construction</ei2052> wouldn't <ei2053>resume</ei2053> until market conditions <ei2054>warrant</ei2054> it.
Kellogg <ei2055>indicated</ei2055> that it <ei2056>has</ei2056> room to <ei2057>grow</ei2057> without <ei2058>adding</ei2058> facilities. The company <ei2059>has</ei2059> five other U.S. plants, including a modern facility at its Battle Creek headquarters known as Building 100, which is to <ei2060>add</ei2060> bran-processing and rice-processing capacity <t230>next year</t230>.
General Mills, meanwhile, finds itself <ei2062>constrained</ei2062> from <ei2063>boosting</ei2063> sales further because its plants are <ei2064>operating</ei2064> at capacity. |
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General Mills, meanwhile, finds itself <ei2062>constrained</ei2062> from <ei2063>boosting</ei2063> sales further because its plants are <ei2064>operating</ei2064> at capacity. A large plant in Covington, Ga., is to <ei2065>come</ei2065> on line <t233>next year</t233>.
A Kellogg officer, who asked not to be named, <ei2066>said</ei2066> the Memphis project was " <ei2067>pulled</ei2067> in for a <ei2068>reconsideration</ei2068> of costs," an indication that the ambitious plans might be <ei2069>scaled</ei2069> back in any future <ei2070>construction</ei2070>. Initial cost estimates for the plant, which was to have been built in phases, <ei2071>ranged</ei2071> from $1 billion to $1.2 billion.
A company spokesman <ei2072>said</ei2072> it was "possible, but highly unlikely," that the plant might never be <ei2073>built</ei2073>. |
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A company spokesman <ei2072>said</ei2072> it was "possible, but highly unlikely," that the plant might never be <ei2073>built</ei2073>. "As we <ei2074>regain</ei2074> our leadership level where we have been, and as we <ei2076>continue</ei2076> to <ei2077>put</ei2077> new products into the marketplace and <ei2078>need</ei2078> additional capacity, we will <ei2080>look</ei2080> at <ei2081>resuming</ei2081> our <ei2082>involvement</ei2082> with our plan," he <ei2083>said</ei2083>.
The new facility was to have been the world's most advanced cereal manufacturing plant, and Kellogg's largest construction project. The company had <ei2086>retained</ei2086> the Fluor Daniel unit of Fluor Corp. as general contractor.
But in <t248>recent weeks</t248>, construction-industry sources <ei2087>reported</ei2087> that early preparation work was <ei2088>slowing</ei2088> at the 185-acre site. |
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But in <t248>recent weeks</t248>, construction-industry sources <ei2087>reported</ei2087> that early preparation work was <ei2088>slowing</ei2088> at the 185-acre site. Subcontractors <ei2089>said</ei2089> they were <ei2090>told</ei2090> that equipment <ei2091>orders</ei2091> would be <ei2092>delayed</ei2092>. Fluor Daniel already has <ei2093>reassigned</ei2093> most of its work crew, the sources <ei2094>said</ei2094>.
<t251>Last Friday</t251>'s <ei2095>announcement</ei2095> was the first official word that the project was <ei2129>in</ei2129> trouble and that the company's plans for a surge in market share may have been overly <ei2130>optimistic</ei2130>. Until <t257>recently</t257>, Kellogg had been <ei2098>telling</ei2098> its sales force and Wall Street that by <t258>1992</t258> it <ei2099>intended</ei2099> to <ei2100>achieve</ei2100> a 50% share of market, measured in dollar volume. |
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Until <t257>recently</t257>, Kellogg had been <ei2098>telling</ei2098> its sales force and Wall Street that by <t258>1992</t258> it <ei2099>intended</ei2099> to <ei2100>achieve</ei2100> a 50% share of market, measured in dollar volume.
Although he <ei2102>called</ei2102> current market conditions "highly competitive," Mr. LaMothe, Kellogg's chairman and chief executive officer, <ei2104>forecast</ei2104> an earnings <ei2105>increase</ei2105> for <t264>the full year</t264>. <t265>Last year</t265>, the company <ei2106>earned</ei2106> $480.4 million, or $3.90 a share, on sales of $4.3 billion.
As <ei2107>expected</ei2107>, Kellogg <ei2108>reported</ei2108> lower <t268>third-quarter</t268> earnings. Net <ei2110>fell</ei2110> 16% to $123.1 million, or $1.02 a share, from $145.7 million, or $1.18 a share. |
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Net <ei2110>fell</ei2110> 16% to $123.1 million, or $1.02 a share, from $145.7 million, or $1.18 a share. Sales <ei2113>rose</ei2113> 4.8% to $1.20 billion from $1.14 billion.
The company <ei2116>had</ei2116> a one-time <ei2117>charge</ei2117> of $14.8 million in <t279>the latest quarter</t279> covering the <ei2118>disposition</ei2118> of certain assets. The company wouldn't <ei2119>elaborate</ei2119>, <ei2120>citing</ei2120> competitive reasons. |
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Cilcorp Inc., Peoria, Ill., <ei211>said</ei211> it <ei212>agreed</ei212> to <ei213>acquire</ei213> the environmental consulting and analytical service businesses of Hunter Environmental Services Inc. of Southport, Conn. The utility holding company <ei215>said</ei215> Hunter will <ei216>receive</ei216> 390,000 shares of a new series of Cilcorp convertible preferred stock with a face value of $39 million for the businesses. Cilcorp will also <ei217>assume</ei217> $22 million of Hunter's existing debt. As part of the agreement, Cilcorp <ei220>said</ei220> it will <ei221>pay</ei221> Hunter $4 million in exchange for agreements not to compete.
Cilcorp <ei222>said</ei222> the businesses to be <ei223>acquired</ei223> <ei224>had</ei224> revenue of $76 million for <t33>the year</t33> ended <t32>March 31</t32>. |
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Cilcorp <ei222>said</ei222> the businesses to be <ei223>acquired</ei223> <ei224>had</ei224> revenue of $76 million for <t33>the year</t33> ended <t32>March 31</t32>.
Separately, Cilcorp <ei226>said</ei226> it <ei227>plans</ei227> to <ei228>purchase</ei228> as many as 1.4 million shares, or 10% of its common stock outstanding from time to time on the open market and through privately negotiated transactions.
The company, which <t34>currently</t34> <ei229>has</ei229> 13.5 million common shares outstanding, <ei230>said</ei230> it <ei231>has</ei231> no specific plans for the shares. |
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Dominion Textile Inc. holders <ei159>adopted</ei159> a shareholder-rights plan at the annual <ei160>meeting</ei160>.
The so-called poison pill <ei161>took</ei161> effect <t24>Aug. 9</t24> pending <ei163>ratification</ei163> by holders. Rights attached to the company's common shares were <ei164>issued</ei164> that are <ei165>triggered</ei165> if a hostile bidder <ei166>acquires</ei166> more than 20% of the shares outstanding. Once <ei167>triggered</ei167>, the rights <ei168>allow</ei168> holders to <ei169>buy</ei169> additional shares at 50% of the <t34>then current</t34> market price or, at the board's discretion, to <ei171>receive</ei171> securities or assets.
Separately, Dominion Textile <ei172>posted</ei172> net <ei178>income</ei178> of 4.7 million Canadian dollars ($4 million), or 12 Canadian cents a share, for <t36>the fiscal-first quarter</t36> ended <t38>Sept. 30</t38>. |
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Separately, Dominion Textile <ei172>posted</ei172> net <ei178>income</ei178> of 4.7 million Canadian dollars ($4 million), or 12 Canadian cents a share, for <t36>the fiscal-first quarter</t36> ended <t38>Sept. 30</t38>. The company <ei174>had</ei174> a net loss of C$2.3 million, or 14 Canadian cents a share, <t42>a year ago</t42>. Sales were C$348.2 million compared with C$307.2 <t43>a year earlier</t43>. |
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William C. Walbrecher Jr., an executive at San Francisco-based 1st Nationwide Bank, was <ei307>named</ei307> president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank.
The <ei310>appointment</ei310> <ei311>takes</ei311> <ei312>effect</ei312> <t23>Nov. 13</t23>. He <ei313>succeeds</ei313> James A. Taylor, who <ei314>stepped</ei314> down as chairman, president and chief executive in <t27>March</t27> for health reasons. Edward L. Kane succeeded Mr. Taylor as chairman.
Separately, Citadel <ei320>posted</ei320> a <t29>third-quarter</t29> net <ei321>loss</ei321> of $2.3 million, or 68 cents a share, versus net <ei322>income</ei322> of $5.3 million, or $1.61 a share, <t31>a year earlier</t31>. |
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Separately, Citadel <ei320>posted</ei320> a <t29>third-quarter</t29> net <ei321>loss</ei321> of $2.3 million, or 68 cents a share, versus net <ei322>income</ei322> of $5.3 million, or $1.61 a share, <t31>a year earlier</t31>.
The latest <ei323>results</ei323> <ei324>include</ei324> some unusual <ei325>write-downs</ei325>, which had an after-tax impact of $4.9 million. Those <ei326>included</ei326> costs associated with the potential Valley Federal Savings and Loan Association <ei327>acquisition</ei327>, which was <ei328>terminated</ei328> on <t36>Sept. 27, 1989</t36>. In addition, operating <ei329>results</ei329> were <ei330>hit</ei330> by an <ei331>increase</ei331> in loan and real estate loss reserves.
In American Stock Exchange composite trading, Citadel shares <ei332>closed</ei332> <t37>yesterday</t37> at $45.75, down 25 cents. |
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Amdahl Corp., a maker of mainframe computers, <ei121>reported</ei121> a sharp <ei122>decline</ei122> in net <ei123>income</ei123> for its <t17>third quarter</t17>, <ei124>citing</ei124> <ei125>pricecutting</ei125> by competitors and adverse effects from a strong U.S. dollar.
Net income <ei126>fell</ei126> 37% to $32.9 million, or 30 cents a share, from $52.2 million, or 48 cents a share, in <t21>the year-ago period</t21>. Revenue <ei129>rose</ei129> 15% to $534.3 million from $464.7 million.
Amdahl's <ei132>results</ei132> were somewhat worse than expected. Jay Stevens, an analyst with Dean Witter Reynolds, said he <ei135>expected</ei135> the Sunnyvale, Calif., company to earn 35 cents a share for <t22>the quarter</t22> and <ei137>said</ei137> the firm's weaker profit was partly the <ei139>result</ei139> of increased competition from International Business Machines Corp., Amdahl's principal competitor for mainframe sales. |
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On the other hand, it's <ei375>turning</ei375> out to be another very bad financial <t83>week</t83> for Asia. The financial <ei377>assistance</ei377> from the World Bank and the International Monetary Fund are not <ei378>helping</ei378>. In <t85>the last twenty four hours</t85>, the value of the Indonesian stock market has <ei379>fallen</ei379> by twelve percent. The Indonesian currency has <ei380>lost</ei380> twenty six percent of its value. In Singapore, stocks <ei381>hit</ei381> a <t86>five year</t86> low. |
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Here's ABC's Jim Laurie.
Not that long ago, before the Chinese <ei386>takeover</ei386>, the news about real estate here was that the sky was the limit the highest prices in the world. So when Wong Kwan <ei388>spent</ei388> seventy million dollars for this house, he <ei389>thought</ei389> it was a great <ei390>deal</ei390>. He <ei391>sold</ei391> the property to five buyers and <ei392>said</ei392> he'd <ei393>double</ei393> his money.
In Hong Kong, is always belongs to the seller's market. |
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In Hong Kong, is always belongs to the seller's market.
<t196>Now</t196> with new <ei395>construction</ei395> under way, three of his buyers have <ei397>backed</ei397> out. And Wong Kwan will be lucky to <ei398>break</ei398> even. All across Hong Kong, the property market has <ei399>crashed</ei399>. Pamela Pak <ei400>owns</ei400> eight condominiums here. |
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Pamela Pak <ei400>owns</ei400> eight condominiums here. Pak can't <ei401>find</ei401> buyers. She <ei402>estimates</ei402> her properties, <ei403>worth</ei403> a hundred thirty million dollars in <t89>October</t89>, are <ei404>worth</ei404> only half that <t90>now</t90>.
They <ei405>believe</ei405> ah it will be always up <ei406>going</ei406> up and up ah forever. Nobody <ei407>believe</ei407> this any more. |
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] | ABC19980108.1830.0711_5 | [
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Nobody <ei407>believe</ei407> this any more.
Of all of Asia's economies, Hong Kong is the most robust. But in <t98>the past three months</t98>, stocks have <ei408>plunged</ei408>, interest rates have <ei409>soared</ei409> and the <ei410>downturn</ei410> all across Asia means that people are not <ei412>spending</ei412> here.
Hotels are only thirty percent full. You can <ei414>get</ei414> seventy percent <ei415>discounts</ei415> at the shopping malls. |
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] | ABC19980108.1830.0711_6 | [
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You can <ei414>get</ei414> seventy percent <ei415>discounts</ei415> at the shopping malls. Three thousand dollar pearls for eight hundred dollars. A two hundred dollar wool jacket for fifty dollars. Still, there are few buyers. And at the big brokerage houses, after <t99>ten years</t99> of <ei417>boom</ei417>, they're <ei418>talking</ei418> about <ei419>layoffs</ei419>. |
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And at the big brokerage houses, after <t99>ten years</t99> of <ei417>boom</ei417>, they're <ei418>talking</ei418> about <ei419>layoffs</ei419>.
I <ei420>think</ei420> that the mood is fairly <ei436>gloomy</ei436>, and I <ei422>think</ei422> it's not going to <ei424>change</ei424> for <t100>a couple of years</t100>.
So for Hong Kong, it's time, as investment bankers like to say, to <ei426>reposition</ei426>. To either <ei427>hold</ei427> on tight or <ei428>get</ei428> out, as much of Asia <ei429>goes</ei429> into <ei430>recession</ei430>. Jim Laurie, ABC News, Hong Kong. |
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Pacific First Financial Corp. <ei73>said</ei73> shareholders <ei74>approved</ei74> its <ei75>acquisition</ei75> by Royal Trustco Ltd. of Toronto for $27 a share, or $212 million.
The thrift holding company <ei76>said</ei76> it <ei77>expects</ei77> to <ei78>obtain</ei78> regulatory <ei79>approval</ei79> and <ei80>complete</ei80> the <ei81>transaction</ei81> by <t10>year-end</t10>. |
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Despite continuing problems in its newsprint business, Kimberly-Clark Corp. <ei321>posted</ei321> a 20% <ei322>gain</ei322> in <t82>third-quarter</t82> net <ei323>income</ei323>.
The consumer-products and newsprint company <ei324>said</ei324> net <ei325>rose</ei325> to $108.8 million, or $1.35 a share, from $90.5 million, or $1.12 a share, <t78>a year ago</t78>. Sales <ei328>rose</ei328> 6.2% to $1.45 billion from $1.37 billion.
After <t79>a flat second quarter</t79> <ei331>tied</ei331> largely to lower newsprint earnings, Kimberly-Clark <ei332>attributed</ei332> the <ei333>gain</ei333> to improved <ei334>results</ei334> in its consumer businesses in North America, Brazil and Korea. Those <ei335>gains</ei335> came from higher prices, particularly for disposable diapers and tissue products, and from increased <ei337>sales</ei337>, primarily for feminine-care products, the company <ei338>said</ei338>. |
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Those <ei335>gains</ei335> came from higher prices, particularly for disposable diapers and tissue products, and from increased <ei337>sales</ei337>, primarily for feminine-care products, the company <ei338>said</ei338>. Newsprint results <ei339>continued</ei339> to be <ei340>depressed</ei340>, the company <ei341>added</ei341>, because of industrywide price <ei342>discounting</ei342>.
The quarter-to-quarter comparison was also <ei343>enhanced</ei343> by <ei344>charges</ei344> <ei345>taken</ei345> in <t85>the year-earlier period</t85>, including $11 million related to the <ei346>modernization</ei346> of a pulp and newsprint mill in Alabama. In <t86>the 1989 period</t86> also, interest expense and tax rates were <ei348>lower</ei348> than <t87>a year ago</t87>.
In <t88>the first nine months</t88>, profit <ei349>rose</ei349> 10% to $313.2 million, or $3.89 a share, from $283.9 million, or $3.53 a share. |
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In <t88>the first nine months</t88>, profit <ei349>rose</ei349> 10% to $313.2 million, or $3.89 a share, from $283.9 million, or $3.53 a share. Sales <ei352>rose</ei352> 6.7% to $4.27 billion from $4 billion.
In New York Stock Exchange composite trading, Kimberly-Clark <ei355>closed</ei355> at $66.50 a share, up $1.50. |
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Heritage Media Corp., New York, <ei67>said</ei67> it <ei68>offered</ei68> to <ei69>buy</ei69> the shares of POP Radio Corp. it doesn't already own in a stock <ei70>swap</ei70>.
Heritage, which owns 51% of POP's 3.6 million shares outstanding, <ei71>said</ei71> it will <ei72>exchange</ei72> one share of a new preferred stock for each POP common share it doesn't already own. Depending upon how many warrants and options are <ei73>exercised</ei73> prior to <ei74>completion</ei74> of the <ei75>transaction</ei75>, Heritage would <ei76>issue</ei76> between 1.8 million and 2.35 million preferred shares, a Heritage spokesman <ei77>estimated</ei77>. In national over-the-counter trading <t27>yesterday</t27>, POP <ei78>plunged</ei78> $4 to $14.75.
The preferred stock, which would have a dividend rate of $1.76 a year, would be convertible into Heritage common at a rate of four common shares for each preferred. |
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The preferred stock, which would have a dividend rate of $1.76 a year, would be convertible into Heritage common at a rate of four common shares for each preferred. New York-based POP Radio <ei79>provides</ei79>, through a national, in-store network, a customized music, information and advertising service which <ei80>simulates</ei80> live radio. Heritage owns and <ei81>operates</ei81> television and radio stations and in-store advertising and promotion programs. |
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"t207",
"ei1369",
"ei1379",
"ei1380",
"ei1384",
"ei1371",
"t199",
"ei1381",
"ei1374",
"ei1385",
"ei1367",
"ei1366",
"ei1378",
"ei1383",
"ei1382",
"ei1368",
"t215",
"ei1363",
"t217",
"ei1365",
"ei1370",
"ei1377",
"t218",
"t0"
] | Documents Creation Time: <t0>10/30/89</t0>
London share prices <ei1363>closed</ei1363> sharply lower <t199>Friday</t199> in active trading after Chancellor of the Exchequer Nigel Lawson's <ei1365>resignation</ei1365> <ei1366>slapped</ei1366> the market and Wall Street's rapid initial sell-off <ei1367>knocked</ei1367> it down.
London shares were <ei1368>depressed</ei1368> initially by <t207>overnight</t207> <ei1369>losses</ei1369> in New York and by the <ei1370>drop</ei1370> in sterling after Mr. Lawson's <ei1371>resignation</ei1371>. It showed some early resilience after central bank support <ei1374>firmed</ei1374> sterling, but the weight of Wall Street late in London trading, and signs of further weakness in the British pound, proved a hefty load to <ei1377>bear</ei1377>. New York stocks <ei1378>recovered</ei1378> some of their losses after the London market <ei1379>closed</ei1379>.
The Financial Times 100-share index <ei1380>shed</ei1380> 47.3 points to <ei1381>close</ei1381> at 2082.1, down 4.5% from <t215>the previous Friday</t215> and 6.8% from <t217>Oct. 13</t217>, when Wall Street's <ei1382>plunge</ei1382> <ei1383>helped</ei1383> <ei1384>spark</ei1384> the <t218>current</t218> <ei1385>weakness</ei1385> in London. |
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"ei1401",
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] | Documents Creation Time: <t0>10/30/89</t0>
The Financial Times 100-share index <ei1380>shed</ei1380> 47.3 points to <ei1381>close</ei1381> at 2082.1, down 4.5% from <t215>the previous Friday</t215> and 6.8% from <t217>Oct. 13</t217>, when Wall Street's <ei1382>plunge</ei1382> <ei1383>helped</ei1383> <ei1384>spark</ei1384> the <t218>current</t218> <ei1385>weakness</ei1385> in London.
The 30-share index <ei1386>settled</ei1386> 42.0 points lower at 1678.5. Volume was 840.8 million shares, up from 443.6 million <t225>Thursday</t225> and <t226>the week</t226>'s most active session.
Dealers <ei1391>said</ei1391> the turnover, largely confined to the 100-share index stocks, partly <ei1392>reflected</ei1392> the <ei1393>flurry</ei1393> of activity typical at the <ei1394>close</ei1394> of a <t230>two-week</t230> trading account and the <ei1396>start</ei1396> of a new account. But they <ei1398>said</ei1398> <t231>Friday</t231>'s focus on the top-tier stocks <ei1399>telegraphed</ei1399> active overseas <ei1400>selling</ei1400> and <ei1401>showed</ei1401> the broad-based fears over the status of the U.K. economy and Britain's currency in the wake of the <ei1404>upheaval</ei1404> in Prime Minister Margaret Thatcher's cabinet. |
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But they <ei1398>said</ei1398> <t231>Friday</t231>'s focus on the top-tier stocks <ei1399>telegraphed</ei1399> active overseas <ei1400>selling</ei1400> and <ei1401>showed</ei1401> the broad-based fears over the status of the U.K. economy and Britain's currency in the wake of the <ei1404>upheaval</ei1404> in Prime Minister Margaret Thatcher's cabinet.
A senior dealer with Warburg Securities <ei1405>noted</ei1405> British Gas, the most active blue-chip stock at 20 million shares traded, was <ei1406>affected</ei1406> by the political implications of Mr. Lawson's <ei1407>departure</ei1407> and Mrs. Thatcher's cabinet <ei1408>shuffle</ei1408>.
He <ei1409>attributed</ei1409> the unusually high volume to broad-based <ei1411>selling</ei1411> on fears that the Thatcher government may be <ei1528>in</ei1528> turmoil and Britain's Labor Party <ei1414>positioned</ei1414> to <ei1415>regain</ei1415> control of the government and <ei1417>renew</ei1417> <ei1418>efforts</ei1418> at <ei1419>nationalization</ei1419>.
British Gas <ei1420>shed</ei1420> 8.5 pence a share to <ei1421>close</ei1421> at 185 pence ($2.90).
Other dealers <ei1423>added</ei1423> that the blue-chip stocks in general were <ei1424>hit</ei1424> by profit-taking over concerns that London shares will <ei1426>continue</ei1426> <ei1427>posting</ei1427> <ei1428>declines</ei1428> and the uncertainty over sterling given that Mr. Lawson's successor, John Major, had only been in the job <t247>one day</t247>. |
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] | Documents Creation Time: <t0>10/30/89</t0>
Other dealers <ei1423>added</ei1423> that the blue-chip stocks in general were <ei1424>hit</ei1424> by profit-taking over concerns that London shares will <ei1426>continue</ei1426> <ei1427>posting</ei1427> <ei1428>declines</ei1428> and the uncertainty over sterling given that Mr. Lawson's successor, John Major, had only been in the job <t247>one day</t247>.
Besides British Gas, British Steel <ei1431>skidded</ei1431> 1.74 to 123.5 on turnover of 11 million shares.
British Petroleum <ei1433>fell</ei1433> 5 to 286 on 14 million shares traded. Dealers <ei1435>said</ei1435> the multinational oil company was <ei1436>pressured</ei1436> by recent brokerage recommendations <ei1437>urging</ei1437> investors to <ei1438>switch</ei1438> into Shell Trading amp Transport. Shell <ei1439>eased</ei1439> 1 to 416 on turnover of 4.8 million shares. |
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] | wsj_0586_4 | [
"ei1454",
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"ei1447",
"t264",
"t269",
"ei1445",
"ei1441",
"ei1443",
"ei1452",
"ei1449",
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] | Documents Creation Time: <t0>10/30/89</t0>
Shell <ei1439>eased</ei1439> 1 to 416 on turnover of 4.8 million shares.
Among the other actively traded blue-chip issues, Imperial Chemical Industries <ei1441>dropped</ei1441> 11 to #10.86, Hanson <ei1443>skidded</ei1443> 9.5 to 200.5, and British Telecom <ei1445>fell</ei1445> 10 to 250.
In Tokyo, stocks <ei1447>closed</ei1447> lower but above intraday lows in active trading. The Nikkei index was <ei1449>pressured</ei1449> down by <ei1451>profit-taking</ei1451> <ei1452>triggered</ei1452> by sharp <ei1453>advances</ei1453> made through <t264>this week</t264> and <ei1454>fell</ei1454> 151.20 points to 35527.29.
In early <ei1456>trading</ei1456> in Tokyo <t269>Monday</t269>, the Nikkei index <ei1457>fell</ei1457> 148.85 points to 35378.44. |
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] | Documents Creation Time: <t0>10/30/89</t0>
In early <ei1456>trading</ei1456> in Tokyo <t269>Monday</t269>, the Nikkei index <ei1457>fell</ei1457> 148.85 points to 35378.44.
On <t274>Friday</t274>, the Tokyo stock price index of first section issues was down 15.82 at 2681.76. First-section volume was <ei1460>estimated</ei1460> at 1.3 billion shares, up from 886 million shares <t275>Thursday</t275>.
An official at Wako Securities <ei1463>said</ei1463> brokerages' excessive expectations about <t280>recent</t280> <ei1465>advances</ei1465> in Tokyu Group shares and real estate issues were <ei1466>dashed</ei1466> <t281>Friday</t281>.
Dealers <ei1467>placed</ei1467> heavy buy orders in <t282>the morning</t282> to <ei1469>start</ei1469> the first trading <t941>day</t941> for <t283>November</t283> <ei1471>transactions</ei1471>. |
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] | Documents Creation Time: <t0>10/30/89</t0>
Dealers <ei1467>placed</ei1467> heavy buy orders in <t282>the morning</t282> to <ei1469>start</ei1469> the first trading <t941>day</t941> for <t283>November</t283> <ei1471>transactions</ei1471>. But they <ei1472>failed</ei1472> to <ei1473>sell</ei1473> these stocks to client investors, who were <ei1474>cautious</ei1474> about the sharp <ei1475>gains</ei1475> these issues <ei1476>made</ei1476> <t287>this week</t287>, the Wako official <ei1477>said</ei1477>.
Fund managers <ei1478>said</ei1478> <t288>Friday</t288>'s <ei1479>profittaking</ei1479> was a natural <ei1480>result</ei1480> of <t293>the week</t293>'s "abnormal fever" in <ei1482>buying</ei1482> real estate, shipbuilding, steel and construction shares.
Frankfurt prices <ei1483>closed</ei1483> lower again <t294>Friday</t294>, the fourth <ei1485>decline</ei1485> in <t298>the past five days</t298> and the <ei1486>culmination</ei1486> of <t301>a week</t301> that saw the DAX index <ei1487>lose</ei1487> 4%. The DAX <ei1488>dropped</ei1488> 19.69 points <t302>Friday</t302> to 1462.93. |
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The DAX <ei1488>dropped</ei1488> 19.69 points <t302>Friday</t302> to 1462.93.
Traders <ei1490>said</ei1490> the continued <ei1491>turbulence</ei1491> in other markets, coupled with the <ei1492>drop</ei1492> in London following the Lawson <ei1493>resignation</ei1493>, were <ei1494>responsible</ei1494>.
Traders <ei1495>said</ei1495> that selling pressure wasn't enormous and that the DAX <ei1496>dropped</ei1496> <t316>Friday</t316> more on a lack of any substantial buying interest. They <ei1498>said</ei1498> contributing to the downward <ei1499>drift</ei1499> was the fact that many professional traders had <ei1500>chosen</ei1500> to <ei1501>square</ei1501> positions ahead of <t322>the weekend</t322>.
"It's the whole uncertainty about what's happening around us," said Valentin Von Korff, a trader at Credit Suisse First Boston in Frankfurt. |
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That's leaving small investors with cold feet, they said, and prompting institutions to take a reserved stance on the sidelines as well, at least until the market in New York <ei1510>settles</ei1510> down somewhat.
Elsewhere, share prices <ei1511>closed</ei1511> lower in Paris, Zurich, Amsterdam, Brussels and Stockholm, and were <ei1513>mixed</ei1513> in Milan. The British <ei1514>shakeup</ei1514> was widely <ei1515>cited</ei1515> for the <ei1516>declines</ei1516>.
Share prices also <ei1517>closed</ei1517> lower in Sydney, Hong Kong, Singapore, Taipei, Manila, Wellington and Seoul. Concern about <ei1520>declines</ei1520> in other markets, especially New York, <ei1521>caused</ei1521> selling <ei1523>pressure</ei1523>. |
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General Motors Corp.'s big defense and automotive electronics unit, GM Hughes Electronics, <ei1991>said</ei1991> net income <ei1992>fell</ei1992> 22% in <t74>the third quarter</t74>, reflecting declining military spending and slumping GM vehicle <ei1993>production</ei1993>.
Meanwhile, net at GM's finance arm, General Motors Acceptance Corp., <ei1994>fell</ei1994> 3.1%. By contrast, Electronic Data Systems Corp., GM's data processing subsidiary, <ei1995>boosted</ei1995> net 16%.
GM <ei1996>closed</ei1996> down $1.875 at $44.875 in New York Stock Exchange <ei1998>trading</ei1998> <t80>yesterday</t80>. Earnings for GM common stock, reflecting the performance of GM's core automotive <ei2000>operations</ei2000>, will be <ei2001>disclosed</ei2001> <t81>this morning</t81>. |
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"ei2004",
"ei2002",
"ei2012",
"t81",
"ei2007",
"ei2013",
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Earnings for GM common stock, reflecting the performance of GM's core automotive <ei2000>operations</ei2000>, will be <ei2001>disclosed</ei2001> <t81>this morning</t81>. GM Class H, which represents a dividend interest in Hughes earnings, <ei2002>closed</ei2002> at $29, up 25 cents in Big Board composite trading. GM Class E, which represents a dividend interest in EDS profit, <ei2004>fell</ei2004> 75 cents to $52.25 on the Big Board.
The earnings <ei2006>drop</ei2006> at GM Hughes Electronics is a sign of tough times at both the defense operations of Hughes Aircraft Co. and GM's North American automotive operations, which are a primary customer for the Delco Electronics Corp. side of the GM Hughes unit.
Profit at the unit <ei2007>fell</ei2007> to $110.6 million, or 37 cents a share, from $142.4 million, or 45 cents a share, largely because of a $24 million one-time <ei2010>charge</ei2010> associated with Hughes's previously <ei2011>announced</ei2011> <ei2012>plan</ei2012> to <ei2013>reduce</ei2013> employment by at least 6,000 people by <t96>year end</t96>. |
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] | wsj_0950_2 | [
"t96",
"ei2019",
"ei2011",
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"ei2007",
"ei2013",
"ei2017",
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"t97",
"t105",
"ei2015",
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] | Documents Creation Time: <t0>10/26/89</t0>
Profit at the unit <ei2007>fell</ei2007> to $110.6 million, or 37 cents a share, from $142.4 million, or 45 cents a share, largely because of a $24 million one-time <ei2010>charge</ei2010> associated with Hughes's previously <ei2011>announced</ei2011> <ei2012>plan</ei2012> to <ei2013>reduce</ei2013> employment by at least 6,000 people by <t96>year end</t96>. Even excluding the charge, however, net <ei2014>fell</ei2014> 5%.
In addition, GM's North American vehicle production <ei2015>fell</ei2015> 8.4% from <t97>a year ago</t97>, which <ei2016>hurt</ei2016> Delco Electronic's earnings, a company spokesman <ei2017>said</ei2017>. That <ei2018>decline</ei2018> was reflected in revenue for the GM Hughes unit, which <ei2019>edged</ei2019> down to $2.58 billion from $2.63 billion.
In <t105>the nine months</t105>, GM Hughes net <ei2022>fell</ei2022> 6.6% to $486.6 million, or $1.48 a share, from $521 million, or $1.58 a share. |
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In <t105>the nine months</t105>, GM Hughes net <ei2022>fell</ei2022> 6.6% to $486.6 million, or $1.48 a share, from $521 million, or $1.58 a share. Revenue <ei2025>rose</ei2025> 3.5% to $8.47 billion from $8.18 billion.
At GMAC, net <ei2028>dropped</ei2028> 3.1% to $234.5 million from $241.9 million. The finance unit <ei2031>attributed</ei2031> the <ei2032>decline</ei2032> to higher borrowing costs compared with <t120>a year earlier</t120>. GMAC <ei2035>said</ei2035> its automotive financing and leasing business <ei2036>rose</ei2036> 35% in the U.S., largely because of dealer and customer incentives <ei2037>used</ei2037> to <ei2038>boost</ei2038> sales. |
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GMAC <ei2035>said</ei2035> its automotive financing and leasing business <ei2036>rose</ei2036> 35% in the U.S., largely because of dealer and customer incentives <ei2037>used</ei2037> to <ei2038>boost</ei2038> sales. GMAC profits are combined with earnings from the rest of GM's operations and attributed to the company's traditional common stock.
In <t126>the first nine months</t126>, GMAC's earnings <ei2039>fell</ei2039> 8% to $859.5 million from $930.2 million.
At EDS, <t129>third-quarter</t129> profit <ei2042>jumped</ei2042> 16% to a record $110.9 million, or 93 cents a share, from $95.9 million, or 79 cents a share. Revenue <ei2045>rose</ei2045> 12% to $1.37 billion from $1.22 billion. |
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Revenue <ei2045>rose</ei2045> 12% to $1.37 billion from $1.22 billion.
In <t144>the nine months</t144>, EDS <ei2048>earned</ei2048> $315.8 million, or $2.62 a share, up 13% from $280.7 million, or $2.30 a share. Revenue <ei2050>rose</ei2050> 14% to $4.03 billion from $3.54 billion. Revenue from non-GM accounts was 45% of EDS's total business in <t151>the latest nine months</t151>, compared with 40% <t152>a year earlier</t152>. The company has <ei2055>said</ei2055> it <ei2056>wants</ei2056> to <ei2057>boost</ei2057> non-GM revenue to at least 50% of its total business by <t155>the end of 1990</t155>. |
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For his part, Fidel Castro is the ultimate political survivor. People have <ei415>predicted</ei415> his <ei416>demise</ei416> so many times, and the US has <ei417>tried</ei417> to <ei418>hasten</ei418> it on several occasions. Time and again, he <ei419>endures</ei419>. He has <ei420>outlasted</ei420> and sometimes <ei421>outsmarted</ei421> eight American presidents. Fidel Castro <ei422>invited</ei422> John Paul to <ei423>come</ei423> for a reason. |
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] | ABC19980120.1830.0957_1 | [
"ei430",
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"ei429",
"ei422",
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] | Documents Creation Time: <t0>19980120</t0>
Fidel Castro <ei422>invited</ei422> John Paul to <ei423>come</ei423> for a reason. This is clearly an opportunity for Cuba to look good internationally.
The entire world will <ei424>see</ei424> images of the Pope in Cuba. They'll <ei425>see</ei425> images of the Pope with Fidel Castro. It will <ei426>give</ei426> the rest of the world the view that Cuba is like any other nation, something the US has, of course, <ei429>tried</ei429> to <ei430>persuade</ei430> the world that it is not. |
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] | ABC19980120.1830.0957_2 | [
"ei443",
"ei437",
"ei430",
"t94",
"ei438",
"ei439",
"ei426",
"ei445",
"ei429",
"ei432",
"ei435",
"ei431",
"ei444",
"ei434",
"ei441",
"ei442",
"t0"
] | Documents Creation Time: <t0>19980120</t0>
It will <ei426>give</ei426> the rest of the world the view that Cuba is like any other nation, something the US has, of course, <ei429>tried</ei429> to <ei430>persuade</ei430> the world that it is not.
For <t94>nearly forty years</t94>, the United States has <ei431>said</ei431> categorically it would not <ei432>tolerate</ei432> totalitarian rule in its own backyard. It is the US economic and political <ei434>embargo</ei434> which has <ei435>kept</ei435> Cuba in a box.
The main positive for Castro to <ei437>invite</ei437> the Pope is international, to be <ei438>able</ei438> to <ei439>say</ei439> to the rest of the world, this government is not as closed, as intolerant, uh as totalitarian as some <ei441>make</ei441> it out to be.
One of the scenarios widely <ei442>advanced</ei442> before the <ei443>visit</ei443> is that through the Pope, Cuba, still <ei444>led</ei444> by Castro, can <ei445>begin</ei445> a more productive relationship with the world. |
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] | ABC19980120.1830.0957_3 | [
"ei443",
"ei447",
"ei449",
"ei453",
"ei454",
"ei445",
"ei450",
"ei448",
"ei452",
"ei455",
"ei444",
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"t0"
] | Documents Creation Time: <t0>19980120</t0>
One of the scenarios widely <ei442>advanced</ei442> before the <ei443>visit</ei443> is that through the Pope, Cuba, still <ei444>led</ei444> by Castro, can <ei445>begin</ei445> a more productive relationship with the world. That will, in turn, <ei447>bring</ei447> pressure on Washington to <ei448>change</ei448>.
Those observers <ei449>looking</ei449> for a <ei450>battle</ei450> between uncompromising representatives and very different ideologies will, in all likelihood, be <ei451>disappointed</ei451>.
Castro has said that you can be a Communist and still be a Christian. He <ei452>says</ei452> he and the Pope both <ei453>want</ei453> to <ei454>end</ei454> the <ei455>exploitation</ei455> of man by man. |
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] | ABC19980120.1830.0957_4 | [
"ei460",
"ei456",
"ei453",
"ei454",
"ei461",
"ei452",
"ei455",
"ei462",
"ei459",
"ei458",
"t0"
] | Documents Creation Time: <t0>19980120</t0>
He <ei452>says</ei452> he and the Pope both <ei453>want</ei453> to <ei454>end</ei454> the <ei455>exploitation</ei455> of man by man. The question is who will Cubans <ei456>believe</ei456>?
The main negative is the risk that the Pope's <ei458>visit</ei458> will <ei459>persuade</ei459> a great many more Cubans to <ei460>break</ei460> loose of the Cuban government. If so, then the Pope's <ei461>visit</ei461> would really <ei462>open</ei462> up a new chapter in the government's relations with its own society. For the Cuban government, that is the risk. |
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] | wsj_0674_0 | [
"ei1994",
"ei1999",
"ei2005",
"ei1998",
"t49",
"t52",
"t44",
"ei2001",
"ei1990",
"ei2004",
"ei2002",
"ei2003",
"ei1997",
"ei1991",
"ei2000",
"t50",
"ei1992",
"t42",
"ei1996",
"t0"
] | Documents Creation Time: <t0>10/30/89</t0>
Jim Pattison Industries Ltd., one of a group of closely held companies owned by entrepreneur James Pattison, <ei1990>said</ei1990> it "<ei1991>intends</ei1991> to <ei1992>seek</ei1992> control" of 30%-owned Innopac Inc., a Toronto packaging concern.
Jim Pattison Industries, a holding company with annual sales of about C$1.9 billion, largely from car dealerships and grocery stores, didn't <ei1994>elaborate</ei1994> on the statement, and a company official <ei1996>declined</ei1996> further <ei1997>comment</ei1997>.
The company <ei1998>said</ei1998> it <t42>currently</t42> <ei1999>holds</ei1999> about 4.2 million of Innopac's 13.8 million common shares outstanding, which <ei2000>have</ei2000> an aggregate market value of about 137.8 million Canadian dollars (US$117.3 million).
Separately, Innopac <ei2001>reported</ei2001> a <t44>fourth-quarter</t44> <ei2002>loss</ei2002> of about C$2.6 million, or 18 Canadian cents a share, reflecting inventory <ei2003>write-downs</ei2003>. The <ei2004>results</ei2004> <ei2005>made</ei2005> net income for <t49>the year</t49> ended <t50>Aug. 31</t50> C$2.7 million, or 20 Canadian cents a share, down from C$9.7 million, or 70 Canadian cents a share <t52>last year</t52>. |
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"ei2005",
"ei2019",
"ei2011",
"ei2020",
"t49",
"t52",
"ei2022",
"ei2004",
"ei2012",
"ei2016",
"ei2013",
"ei2017",
"ei2010",
"ei2015",
"t58",
"t50",
"ei2008",
"ei2018",
"t0"
] | Documents Creation Time: <t0>10/30/89</t0>
The <ei2004>results</ei2004> <ei2005>made</ei2005> net income for <t49>the year</t49> ended <t50>Aug. 31</t50> C$2.7 million, or 20 Canadian cents a share, down from C$9.7 million, or 70 Canadian cents a share <t52>last year</t52>. <ei2008>Revenue</ei2008> was C$291.6 million, up from C$252 million in <t58>1988</t58>.
Martin Fabi, Innopac's president and chief executive, <ei2010>said</ei2010> Innopac <ei2011>viewed</ei2011> Mr. Pattison's <ei2012>decision</ei2012> to <ei2013>seek</ei2013> control as a "very positive" <ei2015>move</ei2015>. "I'm <ei2016>happy</ei2016> that he <ei2017>feels</ei2017> positively about our company," he <ei2018>said</ei2018>. Mr. Fabi wouldn't <ei2019>say</ei2019> directly whether Mr. Pattison has <ei2020>disclosed</ei2020> potential terms for his planned <ei2022>bid</ei2022> for control. |
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Valley Federal Savings amp Loan Association <ei2202>took</ei2202> an $89.9 million <ei2203>charge</ei2203> as it <ei2204>reported</ei2204> a <t28>third-quarter</t28> <ei2205>loss</ei2205> of $70.7 million, or $12.09 a share.
The Van Nuys, Calif., thrift <ei2206>had</ei2206> net income of $132,000, or three cents a share, <t29>a year ago</t29>.
The bulk of the pretax charge is a $62 million write-off of capitalized servicing at the mobile home financing subsidiary, which the company <ei2210>said</ei2210> had been a big <ei2211>drain</ei2211> on earnings. The company <ei2213>said</ei2213> the one-time <ei2214>provision</ei2214> would substantially <ei2215>eliminate</ei2215> all <t30>future</t30> <ei2216>losses</ei2216> at the unit. Valley Federal also <ei2217>added</ei2217> $18 million to realestate loan reserves and <ei2218>eliminated</ei2218> $9.9 million of good will. |
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Valley Federal also <ei2217>added</ei2217> $18 million to realestate loan reserves and <ei2218>eliminated</ei2218> $9.9 million of good will.
The thrift <ei2219>said</ei2219> that "after these <ei2220>charges</ei2220> and <ei2221>assuming</ei2221> no dramatic <ei2222>fluctuation</ei2222> in interest rates, the association <ei2223>expects</ei2223> to <ei2224>achieve</ei2224> near record <ei2225>earnings</ei2225> in <t31>1990</t31>."
Valley Federal is <t2003>currently</t2003> being <ei2226>examined</ei2226> by regulators. New loans <ei2227>continue</ei2227> to <ei2228>slow</ei2228>; they were $6.6 million in <t32>the quarter</t32> compared with $361.8 million <t33>a year ago</t33>. The thrift <ei2229>has</ei2229> assets of $3.2 billion. |
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Norwood Partners Limited Partnership of Boston <ei179>said</ei179> it may <ei180>make</ei180> a tender <ei181>offer</ei181> for some or all of Phoenix Technologies Ltd.'s common shares.
Norwood, Mass.-based Phoenix, a once-high-flying maker of software for personal computers, has <ei182>had</ei182> substantial <ei183>losses</ei183> in <t46>the past two quarters</t46>. Its stock, which was as high as $18.75 a share, has been <ei185>trading</ei185> under $4 a share <t47>recently</t47>. <t48>Yesterday</t48> it <ei187>closed</ei187> at $4.375 a share, up $1.125, in national over-the-counter <ei189>trading</ei189>.
In a Securities and Exchange Commission filing, Norwood <ei190>said</ei190> it's part of a group that <ei191>holds</ei191> 525,546 Phoenix Technologies common shares, or a 5.3% stake. |
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In a Securities and Exchange Commission filing, Norwood <ei190>said</ei190> it's part of a group that <ei191>holds</ei191> 525,546 Phoenix Technologies common shares, or a 5.3% stake.
Norwood has <ei192>made</ei192> "no detailed <ei193>plans</ei193>," but it has <ei194>engaged</ei194> in <ei195>talks</ei195> with other shareholders, the filing <ei196>said</ei196>. Phoenix <ei197>declined</ei197> to <ei198>comment</ei198>.
Norwood is <ei199>controlled</ei199> by Daniel L. Barnett and Paul A. Reese, both officers of Boston-based Oasis Capital Management Inc., a small Boston money management firm. Also <ei200>involved</ei200> in the group is Robert F. Angelo, formerly Phoenix's senior vice president, field operations, who <ei201>left</ei201> Phoenix at <t49>the beginning of October</t49>. |
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Also <ei200>involved</ei200> in the group is Robert F. Angelo, formerly Phoenix's senior vice president, field operations, who <ei201>left</ei201> Phoenix at <t49>the beginning of October</t49>. Mr. Angelo was <ei202>described</ei202> in the filing as a <ei203>consultant</ei203> to Oasis. |
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] | wsj_0557_0 | [
"ei1994",
"ei2005",
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"t82",
"ei2001",
"ei1990",
"ei2004",
"ei2002",
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"ei1997",
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"ei2006",
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] | Documents Creation Time: <t0>10/30/89</t0>
RJR Nabisco Inc. <ei1989>said</ei1989> it <ei1990>agreed</ei1990> to <ei1991>sell</ei1991> its Baby Ruth, Butterfinger and Pearson candy businesses to Nestle S.A.'s Nestle Foods unit for $370 million.
The <ei1992>sale</ei1992>, at a higher price than some analysts had <ei1994>expected</ei1994>, <ei1995>helps</ei1995> the food and tobacco giant <ei1996>raise</ei1996> funds to <ei1997>pay</ei1997> debt and <ei1998>boosts</ei1998> Nestle's 7% share of the U.S. candy market to about 12%.
The candy businesses <ei2000>had</ei2000> <ei2001>sales</ei2001> of about $154 million <t79>last year</t79>, which was roughly 12% of total revenue for RJR's Planters LifeSavers unit, <ei2002>according</ei2002> to a memorandum <ei2003>distributed</ei2003> by RJR's owner, Kohlberg Kravis Roberts amp Co., to bankers <t82>last December</t82>.
The Nestle acquisition includes a candy plant in Franklin Park, Ill., which employs about 800 workers.
The <ei2004>sale</ei2004>, which had been <ei2005>expected</ei2005>, is part of KKR's <ei2006>program</ei2006> to <ei2007>pay</ei2007> down $5 billion of a $6 billion bridge loan by <t85>February</t85>. |
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The <ei2004>sale</ei2004>, which had been <ei2005>expected</ei2005>, is part of KKR's <ei2006>program</ei2006> to <ei2007>pay</ei2007> down $5 billion of a $6 billion bridge loan by <t85>February</t85>. Roughly $2 billion of that debt has already been <ei2008>repaid</ei2008> from previous asset sales, and RJR <ei2009>expects</ei2009> to <ei2010>use</ei2010> another $2 billion from the pending, two-part <ei2011>sale</ei2011> of most of its Del Monte unit. That <ei2012>sale</ei2012>, however, could still <ei2013>fall</ei2013> through if financing problems <ei2014>develop</ei2014>. Thus, it remains crucial for RJR to obtain top dollar for its smaller assets like the candy brands.
Louis Gerstner Jr., chairman and chief executive officer of New York-based RJR, called the sale a "significant step" in the company's divestiture program, as well as a "a strategic divestiture." |
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Louis Gerstner Jr., chairman and chief executive officer of New York-based RJR, called the sale a "significant step" in the company's divestiture program, as well as a "a strategic divestiture." Since KKR <ei2015>bought</ei2015> RJR in <t91>February</t91> for $25 billion of debt, it has <ei2016>agreed</ei2016> to <ei2017>sell</ei2017> nearly $5 billion of RJR assets. RJR's executives have <ei2018>said</ei2018> they will <ei2019>dispense</ei2019> with certain brands, in particular, that aren't <ei2020>leaders</ei2020> in their markets. "RJR Nabisco and Planters LifeSavers will <ei2021>concentrate</ei2021> more on our own core businesses," Mr. Gerstner <ei2022>said</ei2022> <t95>Friday</t95>.
Baby Ruth and Butterfinger are both among the top-selling 15 chocolate bars in the U.S., but RJR's overall share of the roughly $5.1 billion market is less than 5%. |
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Baby Ruth and Butterfinger are both among the top-selling 15 chocolate bars in the U.S., but RJR's overall share of the roughly $5.1 billion market is less than 5%. Nestle's share of 7% before <t99>Friday</t99>'s <ei2024>purchases</ei2024> is far below the shares of market leaders Hershey Foods Corp. and Mars Inc., which have about 40% and 36% of the market, respectively.
"This means Nestle is now in the candybar business in a big way," <ei2025>said</ei2025> Lisbeth Echeandia, publisher of Orlando, Fla.-based Confectioner Magazine. "For them, it makes all kinds of sense. They've been <ei2026>given</ei2026> a mandate from Switzerland" to <ei2027>expand</ei2027> their U.S. chocolate operations. |
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They've been <ei2026>given</ei2026> a mandate from Switzerland" to <ei2027>expand</ei2027> their U.S. chocolate operations. Nestle S.A. is based in Vevey, Switzerland.
The new candy bars, "<ei2029>make</ei2029> an important <ei2030>contribution</ei2030> to our Nestle Foods commitment to this very important strategic unit," <ei2031>said</ei2031> C. Alan MacDonald, president of Nestle Foods in Purchase, N.Y. |
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The New York Times <ei2115>said</ei2115> in an editorial on <t74>Saturday, April 25</t74>: The Supreme Court <ei2116>took</ei2116> a detour <t75>this week</t75> from the core principle of gender fairness it <ei2117>vindicated</ei2117> <t76>two years ago</t76> in its <ei2118>ruling</ei2118> <ei2119>invalidating</ei2119> the <ei2120>use</ei2120> of sexual stereotypes to justify denying women admission to the Virginia Military Institute. By a 6-3 vote, the court <ei2121>upheld</ei2121> a discriminatory immigration law that gives a child born overseas to an unmarried American woman a better chance at citizenship than a child born to an unmarried American man. Under the statute, a child born abroad to an unwed American mother is automatically considered a U.S. citizen. But the child of an unwed American father has no citizenship rights unless the father takes the affirmative step of acknowledging paternity and formally agrees to provide support until the child turns 18. The majority's views were <ei2122>expressed</ei2122> in three separate opinions, the most disquieting of which was <ei2123>written</ei2123> by a liberal member, Justice John Paul Stevens, and <ei2124>joined</ei2124> by a conservative, Chief Justice William Rehnquist. |
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The majority's views were <ei2122>expressed</ei2122> in three separate opinions, the most disquieting of which was <ei2123>written</ei2123> by a liberal member, Justice John Paul Stevens, and <ei2124>joined</ei2124> by a conservative, Chief Justice William Rehnquist. The opinion, which <ei2126>found</ei2126> the gender distinction reasonable, <ei2128>relied</ei2128> heavily on outmoded generalities about family roles, including the flawed presumption that mothers have a closer relationship to their children than fathers do. As Justice Stephen Breyer <ei2129>asked</ei2129> in a strong <ei2130>dissent</ei2130>, ``what sense does it make'' to apply citizenship barriers ``only to fathers and not to mothers in today's world _ where paternity can readily be proved and where women and men both are likely to earn a living in the workplace?''. Justices Sandra Day O'Connor and Anthony Kennedy seemed to <ei2131>agree</ei2131> that the law <ei2132>amounted</ei2132> to unconstitutional sex discrimination. Butinstead of <ei2133>providing</ei2133> the votes to <ei2134>strike</ei2134> it down, they <ei2135>chose</ei2135> to <ei2136>uphold</ei2136> it on the flimsy ground that because the sex of the parent and not the child made the difference under the law, the plaintiff did not have standing to <ei2138>bring</ei2138> the case. |
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Butinstead of <ei2133>providing</ei2133> the votes to <ei2134>strike</ei2134> it down, they <ei2135>chose</ei2135> to <ei2136>uphold</ei2136> it on the flimsy ground that because the sex of the parent and not the child made the difference under the law, the plaintiff did not have standing to <ei2138>bring</ei2138> the case. The Justice Department, which <ei2139>supported</ei2139> the statute, did not <ei2140>cover</ei2140> itself with glory either. The department <ei2141>retreated</ei2141> from its position in the VMI case when it <ei2142>argued</ei2142> that the government could not <ei2143>make</ei2143> <ei2144>policy</ei2144> based on stereotypes ``even when those stereotypes <ei2145>reflect</ei2145> <t77>current</t77> realities.'' As for the court, it <ei2146>managed</ei2146> with its splintered ruling to <ei2147>cast</ei2147> doubt both on the constitutionality of the immigration provisions it upheld and on its true commitment to fighting gender stereotypes. |
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Advanced Medical Technologies Inc. <ei1989>said</ei1989> it <ei1990>purchased</ei1990> 93% of a unit of Henley Group Inc.
Advanced Medical <ei1991>paid</ei1991> $106 million in cash for its share in a unit of Henley's Fisher Scientific subsidiary. The unit makes intravenous pumps used by hospitals and <ei1992>had</ei1992> more than $110 million in <ei1993>sales</ei1993> <t31>last year</t31>, according to Advanced Medical. |
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"ei1991",
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] | Documents Creation Time: <t0>10/30/89</t0>
A unit of DPC Acquisition Partners <ei1990>launched</ei1990> a $10-a-share tender <ei1991>offer</ei1991> for the shares outstanding of Dataproducts Corp., and <ei1992>said</ei1992> it would <ei1993>seek</ei1993> to <ei1994>liquidate</ei1994> the computer-printer maker "<t80>as soon as possible</t80>," even if a <ei1995>merger</ei1995> isn't <ei1996>consummated</ei1996>.
DPC Acquisition is controlled by Crescott Investment Associates, Wilson Investment Group, Kernel Corp. and Catalyst Partners. The investor group owns 1,534,600 Dataproducts common shares, or a 7.6% stake.
The <ei1997>offer</ei1997> is based on several conditions, including <ei1998>obtaining</ei1998> <ei1999>financing</ei1999>. DPC Acquisition <ei2000>said</ei2000> it had <ei2001>received</ei2001> the reasonable assurance of Chase Manhattan Bank N.A. |
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"ei2019",
"ei2011",
"ei2020",
"ei2023",
"ei2022",
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"ei2014",
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] | Documents Creation Time: <t0>10/30/89</t0>
DPC Acquisition <ei2000>said</ei2000> it had <ei2001>received</ei2001> the reasonable assurance of Chase Manhattan Bank N.A. that the <ei2003>financing</ei2003> can be <ei2004>obtained</ei2004>.
In a filing with the Securities and Exchange Commission, DPC Acquisition <ei2006>said</ei2006> it <ei2007>expects</ei2007> it will <ei2008>need</ei2008> about $215 million to <ei2009>buy</ei2009> the shares and <ei2010>pay</ei2010> related fees and expenses. DPC Acquisition <ei2011>added</ei2011> that it has not <ei2012>begun</ei2012> <ei2013>discussions</ei2013> with financing sources, and <ei2014>said</ei2014> it <ei2015>expected</ei2015> to <ei2016>repay</ei2016> the amounts <ei2017>borrowed</ei2017> through proceeds of the <ei2018>liquidation</ei2018>.
Dataproducts officials <ei2019>declined</ei2019> to <ei2020>comment</ei2020>, and <ei2021>said</ei2021> they had not yet <ei2022>seen</ei2022> a suit <ei2023>filed</ei2023> in federal court by DPC Acquisition that <ei2024>seeks</ei2024> to <ei2025>nullify</ei2025> a standstill <ei2026>agreement</ei2026> between DPC Acquisition and Dataproducts. |
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Dataproducts officials <ei2019>declined</ei2019> to <ei2020>comment</ei2020>, and <ei2021>said</ei2021> they had not yet <ei2022>seen</ei2022> a suit <ei2023>filed</ei2023> in federal court by DPC Acquisition that <ei2024>seeks</ei2024> to <ei2025>nullify</ei2025> a standstill <ei2026>agreement</ei2026> between DPC Acquisition and Dataproducts.
<t86>Earlier this year</t86>, DPC Acquisition <ei2027>made</ei2027> a $15-a-share <ei2028>offer</ei2028> for Dataproducts, which the Dataproducts board <ei2029>said</ei2029> it <ei2030>rejected</ei2030> because the $283.7 million offer was not fully <ei2031>financed</ei2031>. Dataproducts has since <ei2032>started</ei2032> a <ei2033>restructuring</ei2033>, and has <ei2034>said</ei2034> it is not <ei2036>for</ei2036> sale. |
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Good evening from the central park in downtown Havana. We are <ei242>here</ei242> <t53>this week</t53> to <ei199>witness</ei199> the <ei200>rendezvous</ei200> that Fidel Castro and the Pope are having with history.
We are <ei243>here</ei243> because what <ei202>happens</ei202> on this island will also have an <ei203>impact</ei203> on the United States. Everything that happens in Cuba gets America's attention.
Incidentally, we just show up to do the <ei205>broadcast</ei205>, and Cubans <ei206>want</ei206> to <ei207>know</ei207> what we're going to <ei208>tell</ei208> Americans, in many cases, what their relatives in the United States are going to <ei209>hear</ei209>. |
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Incidentally, we just show up to do the <ei205>broadcast</ei205>, and Cubans <ei206>want</ei206> to <ei207>know</ei207> what we're going to <ei208>tell</ei208> Americans, in many cases, what their relatives in the United States are going to <ei209>hear</ei209>.
Well, this is the eve of the Pope's <ei212>visit</ei212> to one of the last bastions of Communism anywhere in the world, and it is already <ei214>causing</ei214> enormous expectations.
In Revolution Square, they <ei216>put</ei216> up a giant cross <t59>today</t59>. And right across from the Cuban revolutionary icon Che Guevara, they <t56>now</t56> have a giant portrait of Jesus. Above it in Spanish, Jesus, in you we <ei3000>believe</ei3000>. |
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Above it in Spanish, Jesus, in you we <ei3000>believe</ei3000>.
Not all Cubans believe, but Castro has <ei219>invited</ei219> everyone to <ei220>welcome</ei220> the man who has been one of Communism's most effective adversaries, and that's why there is suspense.
Everyone <ei221>appears</ei221> to <ei222>believe</ei222> that somehow Cuba is going to <ei223>change</ei223>. Castro has <ei224>said</ei224> officially that it's okay to be <ei3001>enthusiastic</ei3001>. And so, people are increasingly enthusiastic by <t68>today</t68>, Cuban television, which clings to the Communist Party line, actually <ei226>began</ei226> to <ei227>promote</ei227> its papal <ei228>coverage</ei228>. |
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And so, people are increasingly enthusiastic by <t68>today</t68>, Cuban television, which clings to the Communist Party line, actually <ei226>began</ei226> to <ei227>promote</ei227> its papal <ei228>coverage</ei228>.
<t57>Today</t57>, hundreds of people from the US <ei229>began</ei229> to <ei230>arrive</ei230>, including some Cuban Americans who <ei231>left</ei231> here when Castro <ei232>came</ei232> to power and are <ei234>returning</ei234> to Havana for the first time. The Pope's <ei235>visit</ei235> is important, but they are also <ei236>coming</ei236> home.
This is quite an extraordinary <ei237>story</ei237> <ei238>unfolding</ei238> here. We'll <ei239>come</ei239> back to Havana later in the <ei240>broadcast</ei240>. |
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] | APW19980227.0468_0 | [
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MOSCOW (AP)_ The mayor of Moscow has <ei104>allocated</ei104> funds to <ei116>help</ei116><ei106>help</ei106> <ei107>build</ei107> a museum in honor of Mikhail Kalashnikov, the Russian who <ei108>gave</ei108> his name to the world's most widely wielded weapon, <ei109>according</ei109> to a news agency <ei110>report</ei110> <t15>Friday</t15>. Kalashnikov <ei111>designed</ei111> the AK-47 automatic rifle, famed for its reliability and effectiveness. Together with its derivatives, the Kalashnikov rifle has been <ei112>used</ei112> by the police and armies of 55 countries and an assortment of guerrillas, terrorists and just plain thugs around the globe. Seventy-five million copies of the rifle have been <ei113>built</ei113> since it <ei114>entered</ei114> <ei115>production</ei115> in <t16>February 1947</t16>, making it history's most widely distributed weapon. UR The ITAR-Tass, 4th graf pvs (pvs/ji) |
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] | Documents Creation Time: <t0>02/13/1998 14:26:00</t0>
<ei2000>Turning</ei2000> its back on <t110>210 years</t110> of loyalty to the British royal family, a constitutional convention <ei2001>voted</ei2001> overwhelmingly <t111>Friday</t111> to <ei2002>make</ei2002> Australia a republic under its own president. Prime Minister John Howard, a monarchist himself, <ei2003>promised</ei2003> to <ei2004>put</ei2004> the question to a national <ei2006>referendum</ei2006> <t112>next year</t112> after convention delegates <ei2007>voted</ei2007> 89-52 for a republic, with 11 abstentions. Spontaneous <ei2008>applause</ei2008> <ei2009>echoed</ei2009> through the chamber and public galleries as the crucial <ei2010>vote</ei2010> <ei2011>passed</ei2011> by a wide margin. ``I <ei2012>want</ei2012> a <ei2013>referendum</ei2013>,'' Howard <ei2014>said</ei2014>. ``The Australian people are <ei2015>owed</ei2015> the opportunity of <ei2016>expressing</ei2016> an opinion on this.'' |
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] | APW19980213.1310_1 | [
"ei2019",
"ei2021",
"ei2024",
"t114",
"ei2022",
"ei2025",
"ei2020",
"ei2023",
"ei2026",
"ei2016",
"ei2017",
"ei2015",
"t0"
] | Documents Creation Time: <t0>02/13/1998 14:26:00</t0>
``The Australian people are <ei2015>owed</ei2015> the opportunity of <ei2016>expressing</ei2016> an opinion on this.'' ``It would be a <ei2017>travesty</ei2017> in common sense terms of Australian democracy for that proposition not to be <ei2019>put</ei2019> to the Australian people,'' Howard <ei2020>said</ei2020>. Even in his own Cabinet, Howard is <ei2021>becoming</ei2021> increasingly <ei2022>isolated</ei2022> with his monarchist stance. Treasurer Peter Costello, Environment Minister Robert Hill and Attorney General Daryl Williams all <ei2023>voted</ei2023> to <ei2024>support</ei2024> the republic <t114>Friday</t114>. ``This convention will be <ei2025>seen</ei2025> as a turning point in our history,'' Australian Republican Movement spokeswoman Mary Delahunty <ei2026>said</ei2026>. |
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] | APW19980213.1310_2 | [
"ei2036",
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"ei2027",
"ei2028",
"ei2033",
"ei2040",
"ei2035",
"ei2030",
"t121",
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"ei2025",
"ei2037",
"ei2026",
"ei2041",
"ei2042",
"t0"
] | Documents Creation Time: <t0>02/13/1998 14:26:00</t0>
``This convention will be <ei2025>seen</ei2025> as a turning point in our history,'' Australian Republican Movement spokeswoman Mary Delahunty <ei2026>said</ei2026>. Pro-republicans <ei2027>hope</ei2027> to <ei2028>have</ei2028> an Australian president by the <ei2029>opening</ei2029> of the <t121>2000</t121> Olympics and the 100th anniversary of Australian federation. <ei2030>Calling</ei2030> for an amended constitution with a new preamble, to be <ei2032>written</ei2032> by Australian poets, republican Janet Holmes a Court <ei2033>said</ei2033>, ``We <ei2034>need</ei2034> the smell of eucalyptus in this, and the feel of red dust.'' Monarchists <ei2035>hope</ei2035> to <ei2036>defeat</ei2036> the republic at the <ei2037>referendum</ei2037>. ``The phony <ei2038>war</ei2038> has <ei2039>finished</ei2039> and the real referendum <ei2040>campaign</ei2040> has clearly <ei2041>begun</ei2041>,'' Australians for a Constitutional Monarchy executive director Kerry Jones <ei2042>said</ei2042>. |
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{
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{
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] | APW19980213.1310_3 | [
"ei2046",
"ei2043",
"ei2040",
"ei2051",
"ei3000",
"ei2055",
"ei2039",
"ei2038",
"ei2057",
"ei2047",
"ei2056",
"t358",
"t118",
"t117",
"ei2049",
"ei2052",
"ei2041",
"ei2042",
"t0"
] | Documents Creation Time: <t0>02/13/1998 14:26:00</t0>
``The phony <ei2038>war</ei2038> has <ei2039>finished</ei2039> and the real referendum <ei2040>campaign</ei2040> has clearly <ei2041>begun</ei2041>,'' Australians for a Constitutional Monarchy executive director Kerry Jones <ei2042>said</ei2042>. ``Well may we <ei2043>say</ei2043> `God <ei3000>save</ei3000> the Queen,' for nothing will save the republic,'' outraged monarchist delegate David Mitchell <ei2046>said</ei2046>. ``The idea of a republic will <ei2047>fall</ei2047> to dust through the grace of almighty God.'' Polls have <ei2049>shown</ei2049> public support for a republic <ei2051>increasing</ei2051>, <ei2052>rising</ei2052> from about 35 percent <t117>several years ago</t117> to about 51 percent <t358>this year</t358>, as pro-monarchist sentiment <ei2055>diminishes</ei2055>. Australia has been <ei2056>independent</ei2056> since <t118>1901</t118>, but like many Commonwealth nations it still <ei2057>recognizes</ei2057> the British monarch as its head of state. |
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Australia has been <ei2056>independent</ei2056> since <t118>1901</t118>, but like many Commonwealth nations it still <ei2057>recognizes</ei2057> the British monarch as its head of state. Howard <ei2058>said</ei2058> Queen Elizabeth II is <ei2059>taking</ei2059> a great interest in the <ei2060>convention</ei2060>. ``She is, I can <ei2061>assure</ei2061> you, from what I've been <ei2062>told</ei2062>, she's <ei2063>following</ei2063> the thing very closely and <ei2065>taking</ei2065> the view it's our business. ``It's no secret that she's <ei2067>indicated</ei2067> to me... she is a <t1000>20th century</t1000> democrat, <ei2069>understands</ei2069> that the role of the crown in Australia <ei2070>rests</ei2070> in the hands of the Australian people as it <ei2071>has</ei2071> for <t119>almost a hundred years</t119>.'' The model for a republic, <ei2072>adopted</ei2072> over bitter <ei2073>objections</ei2073> from those <ei2074>advocating</ei2074> direct election of a president, is for presidential nominations to be made with public input and the winning candidate decided by a two-thirds majority of Parliament. |
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The model for a republic, <ei2072>adopted</ei2072> over bitter <ei2073>objections</ei2073> from those <ei2074>advocating</ei2074> direct election of a president, is for presidential nominations to be made with public input and the winning candidate decided by a two-thirds majority of Parliament. Former prime minister Paul Keating, who <ei2076>put</ei2076> the republic issue in the spotlight in his unsuccessful <t120>1996</t120> <ei2077>campaign</ei2077> for re-election, <ei2078>welcomed</ei2078> the <ei2079>result</ei2079>. ``This is an important step along the path towards Australia claiming its full sovereignty, and due recognition that the monarchy can no longer serve us appropriately,'' Keating said. |
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Major job cuts at AT and T. The long distance giant <ei255>slashing</ei255> up to eighteen thousand jobs, freezing executive salaries and <ei257>shaking</ei257> up management. The <ei258>changes</ei258> are part of a one point six billion dollar cost cutting initiative to <ei261>revitalize</ei261> its position in the telecommunications business. Earlier AT and T also <ei262>announced</ei262> an eighteen percent <ei263>drop</ei263> in profits for <t32>the fourth quarter</t32>. The company's sales force <ei265>applauded</ei265> the shake up.
It's not something we're not <ei288>used</ei288> to in the industry. |
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It's not something we're not <ei288>used</ei288> to in the industry. But I <ei268>think</ei268> right <t34>now</t34>, for AT and T and the people here, it's fairly <ei269>intense</ei269> as you might w- well imagine.
I mean look at the stock. You know, since he's been here the stock <ei274>skyrocketed</ei274> so, Yeah I <ei275>think</ei275> he's <ei276>doing</ei276> the right thing.
I <ei277>think</ei277> it's a good thing that they're finally going to be <ei279>downsizing</ei279> you know some management because there is a whole lot of waste. |
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I <ei277>think</ei277> it's a good thing that they're finally going to be <ei279>downsizing</ei279> you know some management because there is a whole lot of waste.
Good news for AT and T <t33>today</t33>. I <ei282>think</ei282> it's <ei283>excellent</ei283> for the company.
But investors are <ei284>approaching</ei284> the <ei285>changes</ei285> with caution shares of AT and T down nearly four at sixty-one and a half. |
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] | wsj_0670_0 | [
"ei1994",
"ei1999",
"t59",
"ei2005",
"ei1998",
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"ei1993",
"ei1990",
"ei2004",
"t53",
"ei2002",
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"ei1997",
"ei1995",
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] | Documents Creation Time: <t0>10/30/89</t0>
National Intergroup Inc. <ei1990>said</ei1990> it <ei1991>expects</ei1991> to <ei1992>report</ei1992> a <ei1993>charge</ei1993> of $5.3 million related to the <ei1994>sale</ei1994> of its aluminum unit's extrusion division for <t52>the third quarter</t52>.
The company <ei1995>said</ei1995> it has <ei1996>agreed</ei1996> to <ei1997>sell</ei1997> the extrusion division for $15 million to R.D. Werner Co., a closely held firm based in Greenville, Pa.
The <ei1998>charge</ei1998> is offset by an after-tax <ei1999>gain</ei1999> of about $30 million in <t53>the quarter</t53> from the previously announced pact to <ei2002>sell</ei2002> National Aluminum's rolling division.
National Intergroup in <t59>the year-ago third quarter</t59> <ei2003>earned</ei2003> $22.5 million, or 97 cents a share, including a <ei2004>gain</ei2004> of $18 million from the <ei2005>sale</ei2005> of a steel tube company. |
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] | wsj_0670_1 | [
"t59",
"ei2005",
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"ei2012",
"ei2003",
"ei2007",
"t220",
"ei2010",
"ei2006",
"ei2009",
"ei2014",
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"t0"
] | Documents Creation Time: <t0>10/30/89</t0>
National Intergroup in <t59>the year-ago third quarter</t59> <ei2003>earned</ei2003> $22.5 million, or 97 cents a share, including a <ei2004>gain</ei2004> of $18 million from the <ei2005>sale</ei2005> of a steel tube company. Revenue was $778.6 million.
The company also <ei2006>said</ei2006> it <ei2007>continues</ei2007> to <ei2008>explore</ei2008> all options concerning the possible <ei2009>sale</ei2009> of National Aluminum's 54.5% stake in an aluminum smelter in Hawesville, Ky.
The <ei2010>sale</ei2010> of the extrusion division is subject to audit <ei2012>adjustments</ei2012> for working capital changes through the closing.
The agreement also provides for potential <ei2014>payments</ei2014> of additional proceeds to National Aluminum over <t220>the next two years</t220>, depending on the plant's shipping levels. |
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] | Documents Creation Time: <t0>10/30/89</t0>
The agreement also provides for potential <ei2014>payments</ei2014> of additional proceeds to National Aluminum over <t220>the next two years</t220>, depending on the plant's shipping levels.
The extrusion unit produces bare and painted custom extrusions for building products and construction industries. In <t68>fiscal 1989</t68>, it <ei2016>had</ei2016> <ei2017>sales</ei2017> of about $40 million and an operating <ei2018>loss</ei2018> of $1.5 million. |
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"ei1993",
"ei2001",
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"ei2004",
"ei2002",
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"ei2007",
"t91",
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"ei1991",
"ei2006",
"t78",
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] | Documents Creation Time: <t0>10/26/89</t0>
Esselte AB, the Stockholm office supplies company, as <ei1989>expected</ei1989>, <ei1990>proposed</ei1990> to <ei1991>acquire</ei1991> the 22% it doesn't <ei1993>own</ei1993> of its U.S. unit, Esselte Business Systems Inc.
The price in the <ei1994>proposal</ei1994> is $43.50 for each of the 4.9 million shares the parent doesn't <ei1996>own</ei1996>, or $213.2 million.
In New York Stock Exchange composite <ei1997>trading</ei1997>, Esselte <ei1998>closed</ei1998> <t78>yesterday</t78> at $43.50 a share, up $1.
A committee of outside directors for the Garden City, N.Y., unit is <ei1999>evaluating</ei1999> the <ei2000>proposal</ei2000>; the parent <ei2001>asked</ei2001> it to <ei2002>respond</ei2002> by <t91>Oct. 31</t91>. The unit <ei2003>said</ei2003> it can <ei2004>provide</ei2004> no assurance a <ei2006>transaction</ei2006> will <ei2007>occur</ei2007>. |
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The unit <ei2003>said</ei2003> it can <ei2004>provide</ei2004> no assurance a <ei2006>transaction</ei2006> will <ei2007>occur</ei2007>.
Esselte AB <ei2008>sold</ei2008> the minority stake <t140>five years ago</t140> in a $40 million international share <ei2009>offering</ei2009>. The unit, which is the holding company for Esselte's non-Swedish units, <ei2010>accounted</ei2010> for 58% of sales and 71% of operating profit <t148>last year</t148>.
Separately, Esselte Business Systems <ei2011>reported</ei2011> <t162>third-quarter</t162> net income <ei2012>fell</ei2012> 5.9% to $9.5 million, or 46 cents a share, from $10.1 million, or 49 cents a share, in <t167>the year-ago period</t167>. Sales <ei2015>rose</ei2015> 2.9% to $329.2 million from $320 million. |
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Intelogic Trace Inc., San Antonio, Texas, <ei297>said</ei297> it <ei298>bought</ei298> 2.7 million shares, or about 18%, of its common stock from an unaffiliated shareholder for $3.625 a share, or $9.9 million.
The move <ei300>boosts</ei300> Intelogic Chairman Asher Edelman's stake to 20% from 16.2% and may <ei302>help</ei302> <ei303>prevent</ei303> Martin Ackerman from <ei304>making</ei304> a <ei305>run</ei305> at the computer-services concern. Mr. Ackerman already is <ei306>seeking</ei306> to <ei307>oust</ei307> Mr. Edelman as chairman of Datapoint Corp., an Intelogic affiliate.
The <ei308>action</ei308> <ei309>followed</ei309> by <t60>one day</t60> an Intelogic <ei310>announcement</ei310> that it will <ei311>retain</ei311> an investment banker to <ei312>explore</ei312> alternatives "to <ei313>maximize</ei313> shareholder value," including the possible <ei314>sale</ei314> of the company.
In New York Stock Exchange composite trading <t58>yesterday</t58>, Intelogic shares <ei315>rose</ei315> 37.5 cents to <ei316>close</ei316> at $2.75. |
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In New York Stock Exchange composite trading <t58>yesterday</t58>, Intelogic shares <ei315>rose</ei315> 37.5 cents to <ei316>close</ei316> at $2.75.
Mr. Edelman <ei317>declined</ei317> to <ei318>specify</ei318> what <ei319>prompted</ei319> the recent <ei320>moves</ei320>, <ei321>saying</ei321> they are <ei322>meant</ei322> only to <ei323>benefit</ei323> shareholders when "the company is <ei335>on</ei335> a roll." He <ei325>added</ei325>, "This <ei326>has</ei326> nothing to do with Marty Ackerman and it is not <ei327>designed</ei327>, particularly, to <ei328>take</ei328> the company private."
But Mr. Ackerman <ei329>said</ei329> the <ei330>buy-back</ei330>, and the above-market price <ei331>paid</ei331>, <ei332>prove</ei332> that Mr. Edelman is <ei333>running</ei333> scared. |
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President Clinton <ei573>says</ei573> he is <ei574>committed</ei574> to a possible <ei575>strike</ei575> against Iraq, despite <ei576>objections</ei576> from other countries. Steve Hurst has that.
The US military <ei577>buildup</ei577> in the Persian gulf <ei578>continues</ei578> apace, more planes <ei579>headed</ei579> from the united states and senior officials <ei580>say</ei580> Iraq's president Saddam Hussein can <ei581>expect</ei581> punishing air <ei582>strikes</ei582> to <ei583>continue</ei583> well into <t105>the future</t105> if he doesn't <ei584>stop</ei584> <ei585>building</ei585> biological and chemical weapons.
Saddam will <ei586>know</ei586> by our <ei587>actions</ei587> and our <ei588>warning</ei588> that we will be <ei589>prepared</ei589> to <ei590>act</ei590> again if we have evidence he is <ei593>trying</ei593> to <ei594>rebuild</ei594> his weapons of mass destruction capabilities.
In a bit of television diplomacy, Iraq's deputy foreign minister <ei596>responded</ei596> from Baghdad in <t111>less than one hour</t111>, <ei597>saying</ei597> Washington would <ei598>break</ei598> international law by <ei599>attacking</ei599> without UN <ei600>approval</ei600>. |
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In a bit of television diplomacy, Iraq's deputy foreign minister <ei596>responded</ei596> from Baghdad in <t111>less than one hour</t111>, <ei597>saying</ei597> Washington would <ei598>break</ei598> international law by <ei599>attacking</ei599> without UN <ei600>approval</ei600>.
The united states is not <ei601>authorized</ei601> to <ei602>use</ei602> force before <ei603>going</ei603> to the council.
President Clinton, meantime, <ei604>glossed</ei604> over stern <ei605>warnings</ei605> from Moscow on <t116>Thursday</t116> that US air <ei606>strikes</ei606> against Iraq could <ei607>do</ei607> serious harm to relations with the Kremlin.
We're <ei609>trying</ei609> to <ei610>find</ei610> a diplomatic solution. And I <ei611>hope</ei611> that, whatever <ei612>happens</ei612> <t119>today</t119>, that our relationships with Russia will <ei613>continue</ei613> to be productive and constructive and strong, because that's very important to the future of our peoples. |
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And I <ei611>hope</ei611> that, whatever <ei612>happens</ei612> <t119>today</t119>, that our relationships with Russia will <ei613>continue</ei613> to be productive and constructive and strong, because that's very important to the future of our peoples.
One contrary view of the issue <ei617>presented</ei617> itself to the president as he <ei618>arrived</ei618> in Philadelphia later in <t126>the day</t126>. Nevertheless, the president <ei619>said</ei619> Washington would <ei620>use</ei620> force if diplomacy <ei621>fails</ei621> to <ei622>force</ei622> Saddam Hussein to <ei623>back</ei623> down. The Russian foreign minister, meanwhile, <ei624>sought</ei624> to <ei625>soften</ei625> the harsh words of his military counterpart, <ei626>saying</ei626> on <t133>Friday</t133> that Russia <t135>now</t135> <ei627>feels</ei627> the US must <ei628>hold</ei628> off at least until UN secretary general Kofi Annan <ei629>visits</ei629> Baghdad in a last-ditch effort at diplomacy. Annan has no <ei630>trip</ei630> <ei631>planned</ei631> so far. |
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Annan has no <ei630>trip</ei630> <ei631>planned</ei631> so far. Meanwhile, secretary of state Madeleine Albright, Berger and defense secretary William Cohen <ei632>announced</ei632> <ei633>plans</ei633> to <ei634>travel</ei634> to an unnamed city in the US heartland <t145>next week</t145>, to <ei635>explain</ei635> to the American people just why military force will be <ei636>necessary</ei636> if diplomacy <ei637>fails</ei637>. Steve Hurst, CNN, the state department. |