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the <unk> <unk> west germany the u.s. france the u.k. italy canada and japan |
the so-called <unk> accord was seen to have set ranges of N marks to N marks and N yen to N yen |
they say that the recent injection of liquidity into the u.s. banking system has been modest and they do n't anticipate significant easing by the u.s. federal reserve |
the fed arranged $ N billion of customer repurchase agreements tuesday the second repurchase agreement in two days |
the move which <unk> capital into the system is seen as an effort to <unk> the <unk> markets that the u.s. central bank is ready to provide the ample liquidity |
but other analysts contend that while the fed 's move to loosen credit has n't been aggressive it nevertheless sends a clear signal that at least for now the fed has <unk> its grip on credit |
they add that the fed has allowed the key federal funds interest rate to dip to about N N N from its levels of just below N N last week |
the federal funds rate is the overnight lending rate that banks charge each other |
market participants said that the mark continues to post the most significant gains against the dollar |
on the commodity exchange in new york gold for current delivery settled at $ N an ounce up N cents |
estimated volume was a moderate N million ounces |
in early trading in hong kong wednesday gold was at $ N an ounce |
national semiconductor corp. said it settled a four-year-old patent infringement case against linear technology corp. by accepting a $ N million payment from linear in exchange for granting linear <unk> licenses for all products involved |
the two companies also agreed to settle any future property rights issues over the next N years through <unk> arbitration both companies said |
the products are so-called <unk> integrated circuits that have applications in the consumer electronics automobile and electronic instrumentation markets |
linear technology <unk> calif. called the settlement positive since products covered by the disputed patents account for about N N of its annual sales |
the electronics concern said it already has paid $ N million of the settlement to national semiconductor santa clara calif. and will pay the remaining $ N million in equal <unk> over the next eight quarters |
the payments are n't expected to have an impact on coming operating results linear added |
nbc 's winning streak has been canceled |
the national broadcasting co. a unit of general electric co. had its <unk> <unk> <unk> as the prime-time ratings leader snapped yesterday by <unk> a subsidiary of capital cities\/abc inc |
in the ratings compiled by the a.c. nielsen co. abc which broadcast the world series topped the competition with a N rating and N share |
nbc was second with a N rating and N share followed by cbs inc. 's television network with a N rating and N share |
a ratings point represents N television households shares indicate the percentage of sets in use |
the first two games of the world series between the oakland athletics and san francisco giants did n't finish in the top N instead they landed in <unk> and <unk> place |
the <unk> show continues to be abc 's <unk> |
nbc had five of the top N shows abc had four and cbs had one |
cbs held the previous record for consecutive no. N victories N weeks during the N season |
procter & gamble co. cincinnati expanding its presence in the food service market said it acquired maryland club foods a coffee supplier from an investor group led by f. philip handy of winter park fla |
terms were n't disclosed |
<unk> maryland club foods which had sales of about $ N million last year sells coffee under the maryland club and <unk> brands to restaurants hotels offices and airlines |
the acquisition gives us additional production capacity for the food service coffee business and a stronger distribution network a p&g spokesman said |
p&g already sells its <unk> ground <unk> coffee to food service concerns but not to as many markets as maryland club |
for example p&g up until now has n't sold coffee to airlines and does only limited business with hotels and large restaurant chains |
maryland club also distributes tea which fits well with p&g 's tender <unk> brand and hot cocoa products |
the company said the acquisition has been completed and reviewed by the federal trade commission |
the purchase includes a <unk> plant in omaha neb. and a leased facility in houston |
macmillan <unk> ltd. said it borrowed N million dutch guilders us$ N million from a group of dutch institutional investors |
macmillan <unk> a vancouver british columbia forest products concern said the N N loan is due oct. N N |
funds will be used to repay existing short-term debt and to finance capital spending it said |
president bush will veto a bill funding the departments of labor education and health and human services because it would allow federal funding of abortions for victims of rape and incest the white house said |
mr. bush had threatened a veto previously |
but he put off a firm decision while his aides and legislators searched for a compromise that would tighten requirements for such abortions in a way acceptable to the president |
white house press secretary marlin fitzwater said negotiations between bush aides and lawmakers ended monday without success |
most lawmakers think it will be extremely difficult for mr. bush 's opponents on the abortion issue to round up the votes needed to override the veto |
but there still may be prolonged debate and political <unk> that holds up the $ N billion funding bill for the fiscal year that began oct. N |
mr. bush has said he personally approves of abortions in the cases of rape incest and danger to the life of the mother |
but he has opposed medicaid funding of abortions for poor women who say they are victims of rape and incest arguing that those exceptions are <unk> so <unk> that they open the way for abortions for other women |
newspapers |
media general inc. intends to sell two of its west coast weekly newspaper chains golden west publishing inc. and <unk> publications which together <unk> N papers |
media general said it has had inquiries from potential buyers and expects to complete a sale in N |
it would n't discuss a price |
lee <unk> & associates is to sell the chains |
j.p. morgan & co. new york will help the statutory managers of <unk> new zealand ltd. to evaluate the failed investment bank 's condition |
earlier this month the reserve bank of new zealand the country 's central bank appointed the managers to run the investment bank and pay creditors |
<unk> asked the central bank to <unk> managers after it revised loan-loss provisions to around the same level of shareholders ' funds of N million new zealand dollars us$ N million |
<unk> is held N N by national <unk> fund new zealand 's largest pension fund and N N by salomon brothers inc. the <unk> and <unk> subsidiary of salomon inc. in new york |
a spokeswoman for j.p. morgan parent of the bank morgan guaranty trust co. confirmed its appointment to assist the managers but declined to elaborate |
the managers said in a brief statement yesterday that morgan will help evaluate <unk> 's position and help determine alternatives |
the managers do n't expect to complete the evaluation until nov. N |
an experimental vaccine can alter the immune response of people infected with the aids virus a prominent u.s. scientist said |
however that does n't mean they can benefit from the vaccine |
its effectiveness ca n't be determined until a large clinical trial is undertaken by the army in january according to robert <unk> chief of acquired immune deficiency syndrome research at walter reed army institute of research |
dr. <unk> 's report on early experiments using an aids vaccine made by <unk> inc. of west haven conn. came at a meeting of aids vaccine researchers in florida late monday |
the vaccine <unk> <unk> has been <unk> given to N people some of whom are experiencing substantial increases in certain <unk> |
the conventional wisdom used to be that you could n't modify the immune response of an infected individual by <unk> them with synthetic <unk> proteins dr. <unk> said |
we 've demonstrated that you can |
he said certain <unk> developed kinds of <unk> associated with early aids |
other <unk> sparked by the preparation are of a sort rarely present in large quantities in infected or ill individuals he added |
one of the <unk> of aids remains why infected people produce large quantities of <unk> but <unk> nonetheless |
cross & trecker corp. said it reached an agreement to sell its <unk> division to recently created murata <unk> inc. a u.s. affiliate of murata machinery ltd. of <unk> japan |
the agreement also includes the purchase of cross & trecker 's warner & <unk> switzerland ag unit by a european affiliate of murata machinery |
cross & trecker is also selling its equity interest in a japanese joint venture murata warner <unk> to murata machinery |
cross & trecker a <unk> hills mich. <unk> maker said the net sales price of the total transaction is $ N million |
the <unk> division was one of three businesses put up for sale in cross & trecker 's restructuring program announced in july |
cross & trecker said negotiations are under way for the sale of another company <unk> |
the average interest rate fell to N N at citicorp 's $ N million weekly auction of <unk> commercial paper or corporate <unk> from N N at last week 's sale |
bids totaling $ N million were submitted and accepted bids were at N N |
citicorp also said that the average rate fell to N N at its $ N million auction of <unk> commercial paper from N N at last week 's sale |
bids totaling $ N million were submitted and accepted bids were at N N |
the bank holding company will auction another $ N million of commercial paper in each maturity next tuesday |
<unk> s.a. reported its N first-half profit soared N N and indicated that its previous estimate of a N N rise in earnings for all of N will be exceeded by a wide margin |
the french electronics and defense group said attributable consolidated net profit for the first six months of N totaled N million francs $ N million compared with N million francs $ N million in the corresponding period of |
operating profit climbed N N to N million francs from N million in the first half of N |
<unk> said the sharp improvement in net profit partly reflected a decline of N million francs in the group 's net loss from nonrecurring items in the first half of this year to N million francs from N million a year earlier |
there was also a decline in the group 's net financial costs to N million francs from N million a year before |
these movements were offset however by a steep rise in corporate income tax payments to N million francs from N million in the first six months of N |
<unk> said the sharp rise in its first-half earnings was based on a N N gain in consolidated revenue to N billion francs from N billion a year earlier |
rep. lee hamilton d. <unk> said he and rep. <unk> <unk> d. <unk> are backing away from their proposal to make the treasury secretary a voting member of the federal reserve panel that sets monetary policy |
rep. hamilton said the bill will be modified substantially to call for two meetings each year between the fed 's open market committee and the treasury secretary the chairman of the council of economic advisers and the director of the office of management and budget |
the original bill was strongly opposed by the fed and publicly criticized by friends of the fed as an attempt to undermine the central bank 's independence |
fed critics however hailed it as a long overdue attempt to bring a measure of openness and democracy to the setting of monetary policy |
rep. hamilton said the purpose of the meetings would be to improve communications and perhaps coordination between the executive branch and the fed |
fed chairman alan greenspan meets regularly for lunch with treasury secretary nicholas brady and talks frequently with budget director richard darman and michael <unk> chairman of the council of economic advisers |
the administration officials do n't ordinarily meet with the entire membership of the open market committee |
<unk> <unk> co. said third-quarter profits dropped N N because of lower prices for <unk> <unk> materials the company 's largest product group |
net fell to $ N million or $ N a share from $ N million or $ N a share a year earlier |
sales for the quarter slipped N N to $ N million from $ N million |
<unk> <unk> capacity has <unk> demand and we are experiencing reduced profit margins as a result said john d. <unk> chairman and chief executive |
prices for <unk> <unk> <unk> have dropped more than N N since last december he said |
the plastic <unk> is used in a wide range of products including <unk> pipe and electrical wire <unk> |