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By doing this, you tell the world that you, too, care about what we leave our children — clean water, thriving grassland and wetlands teeming with life and an amazing array of animals, birds and other creatures that share this planet with us.
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Pacific First Financial Corp. said shareholders approved its acquisition by Royal Trustco Ltd. of Toronto for $27 a share, or $212 million.
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Imports of the types of watches that now will be eligible for duty-free treatment totaled about $37.3 million in 1988, a relatively small share of the $1.5 billion in U.S. watch imports that year, according to an aide to U.S. Trade Representative Carla Hills.
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The action came in response to a petition filed by Timex Inc. for changes in the U.S. Generalized System of Preferences for imports from developing nations.
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Previously, watch imports were denied such duty-free treatment.
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The White House said Mr. Bush decided to grant duty-free status for 18 categories, but turned down such treatment for other types of watches "because of the potential for material injury to watch producers located in the U.S. and the Virgin Islands."
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Timex is a major U.S. producer and seller of watches, including low-priced battery-operated watches assembled in the Philippines and other developing nations covered by the U.S. tariff preferences.
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The offer, advertised in today's editions of The Wall Street Journal, is scheduled to expire at the end of November.
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Montedison currently owns about 72% of Erbamont's common shares outstanding.
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The offer is being launched pursuant to a previously announced agreement between the companies.
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Italian chemical giant Montedison S.p. A., through its Montedison Acquisition N.V. indirect unit, began its $37-a-share tender offer for all the common shares outstanding of Erbamont N.V., a maker of pharmaceuticals incorporated in the Netherlands
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The Kearny, N.J.-based maker of hair accessories and other cosmetic products said it cut the dividend due to its third-quarter loss of $992,000, or 15 cents a share.
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In the year-ago quarter, the company reported net income of $1.9 million, or 29 cents a share.
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The company also adopted an anti-takeover plan.
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GOODY PRODUCTS Inc. cut its quarterly dividend to five cents a share from 11.5 cents a share.
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The reduced dividend is payable Jan. 2 to stock of record Dec. 15.
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Under the offer, shareholders will receive one right for each 105 common shares owned.
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Each right entitles the shareholder to buy $100 face amount of 13.5% bonds due 1993 and warrants to buy 23.5 common shares at 30 cents a share.
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The rights, which expire Nov. 21, can be exercised for $100 each.
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Integra-A Hotel & Restaurant Co. said its planned rights offering to raise about $9 million was declared effective and the company will begin mailing materials to shareholders at the end of this week.
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Integra, which owns and operates hotels, said that Hallwood Group Inc. has agreed to exercise any rights that aren't exercised by other shareholders.
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Hallwood, a Cleveland merchant bank, owns about 11% of Integra.
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Perpetual preferred shares aren't retractable by the holders, the company said.
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Rogers said the shares will be convertible into Class B shares, but that the company has the option to redeem the shares before a conversion takes place.
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A spokesman for the Toronto cable television and telecommunications concern said the coupon rate hasn't yet been fixed, but will probably be set at around 8%.
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ROGERS COMMUNICATIONS Inc. said it plans to raise 175 million to 180 million Canadian dollars (US$148.9 million to $153.3 million) through a private placement of perpetual preferred shares.
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He declined to discuss other terms of the issue.
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PHOTOGRAPH COLLECTING gains new stature as prices rise.
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At Christie's, a folio of 21 prints from Alfred Stieglitz's "Equivalents" series sold for $396,000, a single-lot record.
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But the 1989 fall total of 80, while well below 1988 activity, shows "a steady ratcheting up in citizen referenda and initiatives," says Patrick McGuigan, editor of Family, Law and Democracy Report.
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Other works also have been exceeding price estimates.
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In part, prices reflect development of a market structure based on such variables as the number of prints.
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This information used to be poorly documented and largely anecdotal, says Beth Gates-Warren of Sotheby's.
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"There is finally some sort of sense in the market,"
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"When I see prints going into the hands of institutions, I know they aren't going to come back on the market."
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Most in demand: classic photographs by masters such as Stieglitz and Man Ray.
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"a steady ratcheting up in citizen referenda and initiatives,"
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But much contemporary work is also fetching "a great deal of money," says Miles Barth of the International Center of Photography.
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"a great deal of money,"
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DIALING 900 brings callers a growing number of services.
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Currently a $300 million-a-year business, 900 telephone service is expected to hit $500 million next year and near $2 billion by 1992 as uses for the service continue to expand, says Joel Gross of Donaldson, Lufkin & Jenrette Inc.
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The service -- which costs the caller from 30 cents to $25 a minute -- currently is dominated by celebrity chatter, horoscopes and romance lines.
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But more serious applications are in the wings, and that is where the future growth is expected.
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"I'm starting to see more business transactions,"
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Charities test the waters, but they face legal barriers to electronic fund raising.
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"The thing that will really break this market right open is merchandising,"
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"The thing that will really break this market right open is merchandising," Ms. West says.
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"migrate to 900,"
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He says the 10 citizen-sparked issues on state ballots this fall represent the most in any odd-year this decade.
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FAMILY PETS are improving recovery rates of patients at Columbia Hospital, Milwaukee.
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Patients who receive canine or feline visitors are found to have lower blood pressure and improved appetite and be more receptive to therapy, says Mary Ann O'Loughlin, program coordinator.
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TIRED OF TRIMMING?
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Hammacher Schlemmer & Co. offers a fiber-optic Christmas tree that eliminates the need to string lights.
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The $6,500 tree is designed to send continuously changing colored light to dozens of fiber-end bunches.
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MEDICINE TRANSPLANT: Growth of Japanese trade and travel prompts Beth Israel Medical Center, New York, to set up a bilingual medical practice.
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DIAPER SERVICES make a comeback amid growing environmental concerns.
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Concerned about shrinking landfills and the safety of chemicals used in super-absorbent disposables, parents are returning to the cloth diaper.
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Tiny Tots Inc., Campbell, Calif., says business is up 35% in the past year.
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"We're gaining 1,200 new customers each week,"
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Ballot questions range from a Maine initiative on banning Cruise missiles to a referendum on increasing the North Dakota income tax.
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Among its new customers: day-care centers that previously spurned the service.
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The National Association of Diaper Services, Philadelphia, says that since January it has gotten more than 672 inquiries from people interested in starting diaper services.
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Elisa Hollis launched a diaper service last year because State College, Pa., where she lives, didn't have one.
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Diaper shortages this summer limited growth at Stork Diaper Services, Springfield, Mass., where business is up 25% in
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FALL BALLOT ISSUES set a record for off-year elections.
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Also spurring the move to cloth: diaper covers with Velcro fasteners that eliminate the need for safety pins.
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BRIEFS: Only 57.6% of New Yorkers watch the local news, the lowest viewership in the country, says a new study by Impact Resources Inc., Columbus, Ohio. . . .
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FreudToy, a pillow bearing the likeness of Sigmund Freud, is marketed as a $24.95 tool for do-it-yourself analysis.
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Ballot watchers say attention already is focused on the 1990 elections.
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Odd-year elections attract relatively few ballot issues.
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In California, two petition drives for next year's election are "essentially finished," says David Schmidt, author of "Citizen Lawmakers."
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"essentially finished,"
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Mr. McGuigan cites three completed efforts in Oklahoma.
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Hot ballot topics are expected to be abortion, the environment and insurance reform.
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Taking a cue from California, more politicians will launch their campaigns by backing initiatives, says David Magleby of Brigham Young University.
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The appointment takes effect Nov. 13. He succeeds James A. Taylor, who stepped down as chairman, president and chief executive in March for health reasons.
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Edward L. Kane succeeded Mr. Taylor as chairman.
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Separately, Citadel posted a third-quarter net loss of $2.3 million, or 68 cents a share, versus net income of $5.3 million, or $1.61 a share, a year earlier.
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William C. Walbrecher Jr., an executive at San Francisco-based 1st Nationwide Bank, was named president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank.
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The latest results include some unusual write-downs, which had an after-tax impact of $4.9 million.
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Those included costs associated with the potential Valley Federal Savings and Loan Association acquisition, which was terminated on Sept. 27, 1989.
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In American Stock Exchange composite trading, Citadel shares closed yesterday at $45.75, down 25 cents.
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The British paper, packaging and publishing concern, said profit from continuing lines fell 10% to #118 million from #130.6 million.
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While there were no one-time gains or losses in the latest period, there was a one-time gain of #18 million in the 1988 period.
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And while there was no profit this year from discontinued operations, last year they contributed #34 million, before tax.
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Reed International PLC said that net income for the six months ended Oct. 1 slipped 5% to #89.7 million ($141.9 million), or 16 pence a share, from #94.8 million ($149.9 million), or 17.3 pence a share.
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Pretax profit fell 3.7% to #128 million from #133 million and was below analysts' expectations of #130 million to #135 million, but shares rose 6 pence to 388 pence in early trading yesterday in London.
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Reed is paying an interim dividend of 4.6 pence, up 15% from 4 pence a year earlier.
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Sales fell 20% to #722 million.
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Earnings were hurt by disposal of operations in its restructuring, Reed said.
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Sales, however, were little changed at 2.46 billion guilders, compared with 2.42 billion guilders.
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The Dutch chemical group said net income gained to 235 million guilders ($113.2 million), or 6.70 guilders a share, from 144 million guilders, or 4.10 guilders a share, a year ago.
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The 32% state-owned DSM had eight million guilders of extraordinary charges in the latest quarter, mainly to reflect one-time losses in connection with the disposal of some operations.
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N.V. DSM said net income in the third quarter jumped 63% as the company had substantially lower extraordinary charges to account for a restructuring program.
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The charges were offset in part by a gain from the sale of the company's construction division.
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Last year, DSM had 71 million guilders of extraordinary charges for the restructuring program and other transactions.
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The earnings growth also was fueled by the company's ability to cut net financing spending by half to around 15 million guilders.
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The Rockford, Ill., maker of fasteners also said it expects to post sales in the current fiscal year that are "slightly above" fiscal 1989 sales of $155 million.
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"slightly above"
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In fiscal 1989, Elco earned $7.8 million, or $1.65 a share.