Neither Lorillard nor the researchers who studied the workers were aware of any research on smokers of the Kent cigarettes .PERIOD  (wsjp890171)
"DOUBLE-QUOTE We have no useful information on whether users are at risk ,COMMA "DOUBLE-QUOTE said James A. Talcott of Boston's Dana -HYPHEN Farber Cancer Institute .PERIOD  (wsjp890172)
Doctor Talcott led a team of researchers from the National Cancer Institute and the medical schools of Harvard University and Boston University .PERIOD  (wsjp890173)
Average maturity of the funds' investments lengthened by a day to forty one days ,COMMA the longest since early August ,COMMA according to Donoghue's .PERIOD  (wsjp8901191)
Longer maturities are thought to indicate declining interest rates because they permit portfolio managers to retain relatively higher rates for a longer period .PERIOD  (wsjp8901192)
Shorter maturities are considered a sign of rising rates because portfolio managers can capture higher rates sooner .PERIOD  (wsjp8901193)
The next morning ,COMMA with a police escort ,COMMA busloads of executives and their wives raced to the Indianapolis Motor Speedway ,COMMA unimpeded by traffic or red lights .PERIOD  (wsjp8901401)
The governor couldn't make it ,COMMA so the lieutenant governor welcomed the special guests .PERIOD  (wsjp8901402)
A buffet breakfast was held in the museum ,COMMA where food and drinks are banned to everyday visitors .PERIOD  (wsjp8901403)
Then ,COMMA in the guests' honor ,COMMA the speedway hauled out four drivers ,COMMA crews and even the official Indianapolis five hundred announcer for a ten -HYPHEN lap exhibition race .PERIOD  (wsjp8901404)
Mr. Rowe also noted that political concerns also worried New England Electric .PERIOD  (wsjp8901611)
No matter who owns P. S. of New Hampshire ,COMMA after it emerges from bankruptcy proceedings its rates will be among the highest in the nation ,COMMA he said .PERIOD  (wsjp8901612)
"DOUBLE-QUOTE That attracts attention ...ELLIPSIS it was just another one of the risk factors "DOUBLE-QUOTE that led to the company's decision to withdraw from the bidding ,COMMA he added .PERIOD  (wsjp8901613)
The exact amount of the refund will be determined next year based on actual collections made until December thirty one of this year .PERIOD  (wsjp8901701)
Commonwealth Edison said the ruling could force it to slash its nineteen eighty nine earnings by one dollar and fifty five cents a share .PERIOD  (wsjp8901702)
For nineteen eighty eight ,COMMA Commonwealth Edison reported earnings of seven hundred thirty seven .point five million dollars ,COMMA or three dollars and one cent a share .PERIOD  (wsjp8901703)
The two .point five billion dollars Byron one plant near Rockford ,COMMA Illinois ,COMMA was completed in nineteen eighty five .PERIOD  (wsjp8901731)
In a disputed nineteen eighty five ruling ,COMMA the Commerce Commission said Commonwealth Edison could raise its electricity rates by forty nine million dollars to pay for the plant .PERIOD  (wsjp8901732)
But state courts upheld a challenge by consumer groups to the commission's rate increase and found the rates illegal .PERIOD  (wsjp8901733)
The Illinois Supreme Court ordered the commission to audit Commonwealth Edison's construction expenses and refund any unreasonable expenses .PERIOD  (wsjp8901734)
The utility has been collecting for the plant's construction cost from its three .point one million customers subject to a refund since nineteen eighty six .PERIOD  (wsjp8901735)
"DOUBLE-QUOTE We didn't have much of a choice ,COMMA "DOUBLE-QUOTE Cray Computer's chief financial officer ,COMMA Gregory Barnum ,COMMA said in an interview .PERIOD  (wsjp8901881)
"DOUBLE-QUOTE The theory is that Seymour is the chief designer of the Cray three ,COMMA and without him it could not be completed .PERIOD  (wsjp8901882)
Cray Research did not want to fund a project that did not include Seymour .PERIOD "DOUBLE-QUOTE  (wsjp8901883)
Analysts noted yesterday that Cray Research's decision to link its ninety eight .point three million dollars promissory note to Mr. Cray's presence will complicate a valuation of the new company .PERIOD  (wsjp8901911)
"DOUBLE-QUOTE It has to be considered as an additional risk for the investor ,COMMA "DOUBLE-QUOTE said Gary P. Smaby of Smaby Group Incorporated ,COMMA Minneapolis .PERIOD  (wsjp8901912)
"DOUBLE-QUOTE Cray Computer will be a concept stock ,COMMA "DOUBLE-QUOTE he said .PERIOD  (wsjp8901913)
"DOUBLE-QUOTE You either believe Seymour can do it again or you don't .PERIOD "DOUBLE-QUOTE  (wsjp8901914)
Besides the designer's age ,COMMA other risk factors for Mr. Cray's new company include the Cray three's tricky ,COMMA unproven chip technology .PERIOD  (wsjp8901921)
The S. E. C. documents describe those chips ,COMMA which are made of gallium arsenide ,COMMA as being so fragile and minute they will require special robotic handling equipment .PERIOD  (wsjp8901922)
In addition ,COMMA the Cray three will contain sixteen processors --DASH twice as many as the largest current supercomputer .PERIOD  (wsjp8901923)
Esso said the Whiting field started production Tuesday .PERIOD  (wsjp89011301)
Output will be gradually increased until it reaches about eleven thousand barrels a day .PERIOD  (wsjp89011302)
The field has reserves of twenty one million barrels .PERIOD  (wsjp89011303)
Reserves for the five new fields total fifty million barrels .PERIOD  (wsjp89011304)
The purchases show the strong interest of Japanese investors in U. S. mortgage -HYPHEN based instruments ,COMMA Fannie Mae's chairman ,COMMA David O. Maxwell ,COMMA said at a news conference .PERIOD  (wsjp89011511)
He said more than ninety %PERCENT of the funds were placed with Japanese institutional investors .PERIOD  (wsjp89011512)
The rest went to investors from France and Hong Kong .PERIOD  (wsjp89011513)
Earlier this year ,COMMA Japanese investors snapped up a similar ,COMMA five hundred seventy million dollars mortgage -HYPHEN backed securities mutual fund .PERIOD  (wsjp89011521)
That fund was put together by Blackstone Group ,COMMA a New York investment bank .PERIOD  (wsjp89011522)
The latest two funds were assembled jointly by Goldman ,COMMA Sachs &AMPERSAND Company of the U. S. and Japan's Daiwa Securities Company .PERIOD  (wsjp89011523)
Behind all the hoopla is some heavy -HYPHEN duty competition .PERIOD  (wsjp89011741)
As individual investors have turned away from the stock market over the years ,COMMA securities firms have scrambled to find new products that brokers find easy to sell .PERIOD  (wsjp89011742)
And the firms are stretching their nets far and wide to do it .PERIOD  (wsjp89011743)
Financial planners often urge investors to diversify and to hold a smattering of international securities .PERIOD  (wsjp89011751)
And many emerging markets have outpaced more mature markets ,COMMA such as the U. S. and Japan .PERIOD  (wsjp89011752)
Country funds offer an easy way to get a taste of foreign stocks without the hard research of seeking out individual companies .PERIOD  (wsjp89011753)
But it doesn't take much to get burned .PERIOD  (wsjp89011761)
Political and currency gyrations can whipsaw the funds .PERIOD  (wsjp89011762)
Another concern :COLON The funds' share prices tend to swing more than the broader market .PERIOD  (wsjp89011763)
When the stock market dropped nearly seven %PERCENT October thirteen ,COMMA for instance ,COMMA the Mexico Fund plunged about eighteen %PERCENT and the Spain Fund fell sixteen %PERCENT .PERIOD  (wsjp89011764)
And most country funds were clobbered more than most stocks after the nineteen eighty seven crash .PERIOD  (wsjp89011765)
It's probably worth paying a premium for funds that invest in markets that are partially closed to foreign investors ,COMMA such as South Korea ,COMMA some specialists say .PERIOD  (wsjp89011781)
But some European funds recently have skyrocketed ;SEMI-COLON Spain Fund has surged to a startling one hundred twenty %PERCENT premium .PERIOD  (wsjp89011782)
It has been targeted by Japanese investors as a good long -HYPHEN term play tied to nineteen ninety two's European economic integration .PERIOD  (wsjp89011783)
And several new funds that aren't even fully invested yet have jumped to trade at big premiums .PERIOD  (wsjp89011784)
Meanwhile ,COMMA the National Association of Purchasing Management said its latest survey indicated that the manufacturing economy contracted in October for the sixth consecutive month .PERIOD  (wsjp89011921)
Its index inched up to forty seven .point six %PERCENT in October from forty six %PERCENT in September .PERIOD  (wsjp89011922)
Any reading below fifty %PERCENT suggests the manufacturing sector is generally declining .PERIOD  (wsjp89011923)
By most measures ,COMMA the nation's industrial sector is now growing very slowly --DASH if at all .PERIOD  (wsjp89011981)
Factory payrolls fell in September .PERIOD  (wsjp89011982)
So did the Federal Reserve Board's industrial -HYPHEN production index .PERIOD  (wsjp89011983)
"DOUBLE-QUOTE This conforms to the 'SINGLE-QUOTE soft landing 'SINGLE-QUOTE scenario ,COMMA "DOUBLE-QUOTE said Elliott Platt ,COMMA an economist at Donaldson ,COMMA Lufkin &AMPERSAND Jenrette Securities Corporation .PERIOD  (wsjp89012011)
"DOUBLE-QUOTE I don't see any signs that inventories are excessive .PERIOD "DOUBLE-QUOTE  (wsjp89012012)
A soft landing is an economic slowdown that eases inflation without leading to a recession .PERIOD  (wsjp89012013)
The government's construction spending figures contrast with a report issued earlier in the week by McGraw -HYPHEN Hill Incorporated's F. W. Dodge Group .PERIOD  (wsjp89012091)
Dodge reported an eight %PERCENT increase in construction contracts awarded in September .PERIOD  (wsjp89012092)
The goverment counts money as it is spent ;SEMI-COLON Dodge counts contracts when they are awarded .PERIOD  (wsjp89012093)
The government includes money spent on residential renovation ;SEMI-COLON Dodge doesn't .PERIOD  (wsjp89012094)
The report offered new evidence that the nation's export growth ,COMMA though still continuing ,COMMA may be slowing .PERIOD  (wsjp89012111)
Only nineteen %PERCENT of the purchasing managers reported better export orders in October ,COMMA down from twenty seven %PERCENT in September .PERIOD  (wsjp89012112)
And eight %PERCENT said export orders were down last month ,COMMA compared with six %PERCENT the month before .PERIOD  (wsjp89012113)
They also said that vendors were delivering goods more quickly in October than they had for each of the five previous months .PERIOD  (wsjp89012131)
Economists consider that a sign that inflationary pressures are abating .PERIOD  (wsjp89012132)
When demand is stronger than suppliers can handle and delivery times lengthen ,COMMA prices tend to rise .PERIOD  (wsjp89012133)
Items listed as being in short supply numbered only about a dozen ,COMMA but they included one newcomer :COLON milk and milk powder .PERIOD  (wsjp89012161)
"DOUBLE-QUOTE It's an odd thing to put on the list ,COMMA "DOUBLE-QUOTE Mr. Bretz noted .PERIOD  (wsjp89012162)
He said that for the second month in a row ,COMMA food processors reported a shortage of nonfat dry milk .PERIOD  (wsjp89012163)
They blamed increased demand for dairy products at a time of exceptionally high U. S. exports of dry milk ,COMMA coupled with very low import quotas .PERIOD  (wsjp89012164)
In Singapore ,COMMA a new law requires smokers to put out their cigarettes before entering restaurants ,COMMA department stores and sports centers or face a two hundred fifty dollars fine .PERIOD  (wsjp89012381)
Discos and private clubs are exempt from the ban ,COMMA and smoking will be permitted in bars except during meal hours ,COMMA an official said .PERIOD  (wsjp89012382)
Singapore already bans smoking in all theaters ,COMMA buses ,COMMA public elevators ,COMMA hospitals and fast -HYPHEN food restaurants .PERIOD  (wsjp89012383)
A Beijing food -HYPHEN shop assistant has become the first mainland Chinese to get AIDS through sex ,COMMA the People's Daily said .PERIOD  (wsjp89012481)
It said the man ,COMMA whom it did not name ,COMMA had been found to have the disease after hospital tests .PERIOD  (wsjp89012482)
Once the disease was confirmed ,COMMA all the man's associates and family were tested ,COMMA but none have so far been found to have AIDS ,COMMA the newspaper said .PERIOD  (wsjp89012483)
The man had for a long time had "DOUBLE-QUOTE a chaotic sex life ,COMMA "DOUBLE-QUOTE including relations with foreign men ,COMMA the newspaper said .PERIOD  (wsjp89012484)
The Polish government increased home electricity charges by one hundred fifty %PERCENT and doubled gas prices .PERIOD  (wsjp89012501)
The official news agency PAP said the increases were intended to bring unrealistically low energy charges into line with production costs and compensate for a rise in coal prices .PERIOD  (wsjp89012502)
In happier news ,COMMA South Korea ,COMMA in establishing diplomatic ties with Poland yesterday ,COMMA announced four hundred fifty million dollars in loans to the financially strapped Warsaw government .PERIOD  (wsjp89012503)
The Artist has his routine .PERIOD  (wsjp89012631)
He spends his days sketching passers -HYPHEN by ,COMMA or trying to .PERIOD  (wsjp89012632)
At night he returns to the condemned building he calls home .PERIOD  (wsjp89012633)
His life ,COMMA including his skirmishes with a competing sketch artist ,COMMA seems carefree .PERIOD  (wsjp89012634)
He is his own man .PERIOD  (wsjp89012635)
Who's telling the truth ?QUESTION-MARK  (wsjp89012941)
Everybody --DASH and nobody .PERIOD  (wsjp89012942)
It's a classic situation of ads that are true but not always fully accurate .PERIOD  (wsjp89012943)
Mr. Giuliani's campaign chairman ,COMMA Peter Powers ,COMMA says the Dinkins ad is "DOUBLE-QUOTE deceptive .PERIOD "DOUBLE-QUOTE  (wsjp89012961)
The other side ,COMMA he argues ,COMMA "DOUBLE-QUOTE knows Giuliani has always been pro -HYPHEN choice ,COMMA even though he has personal reservations .PERIOD  (wsjp89012962)
They know he is generally opposed to cop -HYPHEN killer bullets ,COMMA but that he had some reservations about the language in the legislation .PERIOD "DOUBLE-QUOTE  (wsjp89012963)
Asia's other cash -HYPHEN rich countries are following Japan's lead and pumping capital into the region .PERIOD  (wsjp89013181)
In Taiwan and South Korea ,COMMA rising wages are forcing manufacturers to seek other overseas sites for labor -HYPHEN intensive production .PERIOD  (wsjp89013182)
These nations ,COMMA known as Asia's "DOUBLE-QUOTE little tigers ,COMMA "DOUBLE-QUOTE also are contributing to Southeast Asia's integration ,COMMA but their influence will remain subordinate to Japan's .PERIOD  (wsjp89013183)
Because of budget constraints in Washington ,COMMA the U. S. encourages Japan to share economic burdens in the region .PERIOD  (wsjp89013201)
But it resists yielding political ground .PERIOD  (wsjp89013202)
In the coming decade ,COMMA analysts say ,COMMA U. S. -HYPHEN Japanese relations will be tested as Tokyo comes to terms with its new status as the region's economic behemoth .PERIOD  (wsjp89013203)
Japan's swelling investment in Southeast Asia is part of its economic evolution .PERIOD  (wsjp89013211)
In the past decade ,COMMA Japanese manufacturers concentrated on domestic production for export .PERIOD  (wsjp89013212)
In the nineteen nineties ,COMMA spurred by rising labor costs and the strong yen ,COMMA these companies will increasingly turn themselves into multinationals with plants around the world .PERIOD  (wsjp89013213)
To capture the investment ,COMMA Southeast Asian nations will move to accommodate Japanese business .PERIOD  (wsjp89013214)
She had seen cheating before ,COMMA but these notes were uncanny .PERIOD  (wsjp89013341)
"DOUBLE-QUOTE A stockbroker is an example of a profession in trade and finance ...ELLIPSIS .PERIOD  (wsjp89013342)
At the end of World War two ,COMMA Germany surrendered before Japan ...ELLIPSIS .PERIOD  (wsjp89013343)
The Senate -HYPHEN House conference committee is used when a bill is passed by the House and Senate in different forms .PERIOD "DOUBLE-QUOTE  (wsjp89013344)
Virtually word for word ,COMMA the notes matched questions and answers on the social -HYPHEN studies section of the test the student was taking .PERIOD  (wsjp89013351)
In fact ,COMMA the student had the answers to almost all of the forty questions in that section .PERIOD  (wsjp89013352)
The student surrendered the notes ,COMMA but not without a protest .PERIOD  (wsjp89013353)
"DOUBLE-QUOTE My teacher said it was O. K. for me to use the notes on the test ,COMMA "DOUBLE-QUOTE he said .PERIOD  (wsjp89013354)
The teacher in question was Nancy Yeargin --DASH considered by many students and parents to be one of the best at the school .PERIOD  (wsjp89013361)
Confronted ,COMMA Mrs. Yeargin admitted she had given the questions and answers two days before the examination to two low -HYPHEN ability geography classes .PERIOD  (wsjp89013362)
She had gone so far as to display the questions on an overhead projector and underline the answers .PERIOD  (wsjp89013363)
Mrs. Yeargin was fired and prosecuted under an unusual South Carolina law that makes it a crime to breach test security .PERIOD  (wsjp89013371)
In September ,COMMA she pleaded guilty and paid a five hundred dollars fine .PERIOD  (wsjp89013372)
Her alternative was ninety days in jail .PERIOD  (wsjp89013373)
Mrs. Ward resolved to clean out "DOUBLE-QUOTE deadwood "DOUBLE-QUOTE in the school's faculty and restore safety ,COMMA and she also had some new factors working in her behalf .PERIOD  (wsjp89013511)
One was statewide school reform ,COMMA which raised overall educational funding and ushered in a new public spirit for school betterment .PERIOD  (wsjp89013512)
Another was Nancy Yeargin ,COMMA who came to Greenville in nineteen eighty five ,COMMA full of the energy and ambitions that reformers wanted to reward .PERIOD  (wsjp89013513)
Mrs. Yeargin admits she made a big mistake but insists her motives were correct .PERIOD  (wsjp89013611)
"DOUBLE-QUOTE I was trying to help kids in an unfair testing situation ,COMMA "DOUBLE-QUOTE she says .PERIOD  (wsjp89013612)
"DOUBLE-QUOTE Only five of the forty questions were geography questions .PERIOD  (wsjp89013613)
The rest were history ,COMMA sociology ,COMMA finance --DASH subjects they never had .PERIOD "DOUBLE-QUOTE  (wsjp89013614)
Mr. Watson says Mrs. Yeargin never complained to school officials that the standardized test was unfair .PERIOD  (wsjp89013641)
"DOUBLE-QUOTE Do I have much sympathy for her ?QUESTION-MARK "DOUBLE-QUOTE  (wsjp89013642)
Mr. Watson asks .PERIOD  (wsjp89013643)
"DOUBLE-QUOTE Not really .PERIOD  (wsjp89013644)
I believe in the system .PERIOD  (wsjp89013645)
I believe you have to use the system to change it .PERIOD  (wsjp89013646)
What she did was like taking the law into your own hands .PERIOD "DOUBLE-QUOTE  (wsjp89013647)
To the astonishment and dismay of her superiors and legal authorities --DASH and perhaps as a measure of the unpopularity of standardized tests --DASH Mrs. Yeargin won widespread local support .PERIOD  (wsjp89013661)
The school -HYPHEN board hearing at which she was dismissed was crowded with students ,COMMA teachers and parents who came to testify on her behalf .PERIOD  (wsjp89013662)
Supportive callers decried unfair testing ,COMMA not Mrs. Yeargin ,COMMA on a local radio talk show on which she appeared .PERIOD  (wsjp89013663)
But several teachers also say the incident casts doubt on the wisdom of evaluating teachers or schools by using standardized test scores .PERIOD  (wsjp89013701)
Says Gayle Key ,COMMA a mathematics teacher ,COMMA "DOUBLE-QUOTE The incentive pay thing has opened up a can of worms .PERIOD  (wsjp89013702)
There may be others doing what she did .PERIOD "DOUBLE-QUOTE  (wsjp89013703)
The Nasdaq one hundred index of the biggest nonfinancial stocks gained one .point three nine to four hundred forty six .point six two .PERIOD  (wsjp89014031)
The index of the one hundred largest Nasdaq financial stocks rose modestly as well ,COMMA gaining one .point two eight to four hundred forty nine .point oh four .PERIOD  (wsjp89014032)
But the broader Nasdaq bank index ,COMMA which tracks thrift issues ,COMMA jumped three .point two three to four hundred thirty six .point oh one .PERIOD  (wsjp89014033)
Attorneys have argued since nineteen eighty five ,COMMA when the law took effect ,COMMA that they cannot provide information about clients who don't wish their identities to be known .PERIOD  (wsjp89014231)
Many attorneys have returned incomplete forms to the I. R. S. in recent years ,COMMA citing attorney -HYPHEN client privilege .PERIOD  (wsjp89014232)
Until last week ,COMMA the I. R. S. rarely acted on the incomplete forms .PERIOD  (wsjp89014233)
Lawyers worry that if they provide information about clients ,COMMA that data could quickly end up in the hands of prosecutors .PERIOD  (wsjp89014301)
Prosecutors need court permission to obtain the tax returns of an individual or a business .PERIOD  (wsjp89014302)
But they have obtained eight thousand ,COMMA three hundred forms without court permission and used the information to help develop criminal cases .PERIOD  (wsjp89014303)
Often ,COMMA judges ease into more lucrative private practice with little fanfare ,COMMA but not federal Judge Raul A. Ramirez in Sacramento ,COMMA California .PERIOD  (wsjp89014341)
On Tuesday ,COMMA the judge called a news conference to say he was quitting effective December thirty one to join a San Francisco law firm .PERIOD  (wsjp89014342)
The reason :COLON the refusal of Congress to give federal judges a raise .PERIOD  (wsjp89014343)
Judge Ramirez ,COMMA forty four ,COMMA said it is unjust for judges to make what they do .PERIOD  (wsjp89014361)
"DOUBLE-QUOTE Judges are not getting what they deserve .PERIOD  (wsjp89014362)
You look around at professional ballplayers or accountants ...ELLIPSIS and nobody blinks an eye .PERIOD  (wsjp89014363)
When you become a federal judge ,COMMA all of a sudden you are relegated to a paltry sum .PERIOD "DOUBLE-QUOTE  (wsjp89014364)
But Fujitsu ,COMMA Japan's Number one computer maker ,COMMA isn't alone .PERIOD  (wsjp89014621)
N. E. C. ,COMMA one of its largest domestic competitors ,COMMA said it bid one yen in two separate public auctions since nineteen eighty seven .PERIOD  (wsjp89014622)
In both cases ,COMMA N. E. C. lost the contract to Fujitsu ,COMMA which made the same bid and won a tie -HYPHEN breaking lottery .PERIOD  (wsjp89014623)
All the contracts were for computer -HYPHEN system -HYPHEN design contracts and involved no hardware or software .PERIOD  (wsjp89014624)
The fire is also fueled by growing international interest in Japanese behavior .PERIOD  (wsjp89014681)
So far there have been no public overseas complaints about the issue .PERIOD  (wsjp89014682)
But in one of the auctions in question ,COMMA International Business Machines Corporation made a bid substantially higher than the Fujitsu offer ,COMMA according to the municipality .PERIOD  (wsjp89014683)
The low -HYPHEN ball bids touch on issues central to the increasingly tense trade debate .PERIOD  (wsjp89014684)
The thirty five .point seven million dollars net loss equals eighty six cents a share .PERIOD  (wsjp89014921)
Not counting the extraordinary charge ,COMMA the company said it would have had a net loss of three .point one million dollars ,COMMA or seven cents a share .PERIOD  (wsjp89014922)
A year earlier ,COMMA it had profit of seven .point five million dollars ,COMMA or eighteen cents a share .PERIOD  (wsjp89014923)
Revenue rose forty two %PERCENT to one hundred thirty three .point seven million dollars from ninety four million dollars. en  (wsjp89014924)
The charge partly reflects a switch from older five -HYPHEN inch to more -HYPHEN efficient six -HYPHEN inch silicon wafers with which to fabricate chips .PERIOD  (wsjp89014931)
Related to that decision ,COMMA the company said it was converting its Santa Clara ,COMMA California ,COMMA factory to a research and development facility .PERIOD  (wsjp89014932)
A spokesman declined to speculate about possible reductions in force .PERIOD  (wsjp89014933)
But some of the T. V. stations that bought "DOUBLE-QUOTE Cosby "DOUBLE-QUOTE reruns for record prices two years ago aren't laughing much these days .PERIOD  (wsjp89015161)
The reruns have helped ratings at many of the one eighty seven network affiliates and independent T. V. stations that air the shows .PERIOD  (wsjp89015162)
But the ratings are considerably below expectations ,COMMA and some stations say they may not buy new episodes when their current contracts expire .PERIOD  (wsjp89015163)
Viacom denies it's using pressure tactics .PERIOD  (wsjp89015181)
"DOUBLE-QUOTE We're willing to negotiate ,COMMA "DOUBLE-QUOTE says Dennis Gillespie ,COMMA executive vice president of marketing .PERIOD  (wsjp89015182)
"DOUBLE-QUOTE We're offering this plan now because we feel it's the right time .PERIOD "DOUBLE-QUOTE  (wsjp89015183)
Garbage editors have dumped considerable energy into a whirling rampage through supermarket aisles in a bid to identify corporate America's good guys and bad boys .PERIOD  (wsjp89015301)
In one feature ,COMMA called "DOUBLE-QUOTE In the Dumpster ,COMMA "DOUBLE-QUOTE editors point out a product they deem to be a particularly bad offender .PERIOD  (wsjp89015302)
From an advertising standpoint ,COMMA the problem is these offenders are likely to be some of the same folks that are major magazine advertisers these days .PERIOD  (wsjp89015303)
That one hundred thirty million dollars ,COMMA Mr. Sherwood said ,COMMA "DOUBLE-QUOTE gives us some flexibility in case Temple raises its bid .PERIOD  (wsjp89015511)
We are able to increase our price above the seventy dollars level if necessary .PERIOD "DOUBLE-QUOTE  (wsjp89015512)
He declined to say ,COMMA however ,COMMA how much Sea Containers might raise its price .PERIOD  (wsjp89015513)
The department's roof -HYPHEN crush proposal would apply to vehicles weighing ten thousand pounds or less .PERIOD  (wsjp89015661)
The roofs would be required to withstand a force of one .point five times the unloaded weight of the vehicle .PERIOD  (wsjp89015662)
During the test ,COMMA the roof couldn't be depressed more than five inches .PERIOD  (wsjp89015663)
Despite the economic slowdown ,COMMA there are few clear signs that growth is coming to a halt .PERIOD  (wsjp89016091)
As a result ,COMMA Fed officials may be divided over whether to ease credit .PERIOD  (wsjp89016092)
Several Fed governors in Washington have been pushing for easier credit ;SEMI-COLON but many of the regional Fed presidents have been resisting such a move .PERIOD  (wsjp89016093)
--DASH ten billion dollars of thirty -HYPHEN year bonds ,COMMA to be auctioned Thursday and to mature August fifteen ,COMMA two thousand ,COMMA nineteen .PERIOD  (wsjp89016261)
The Treasury also said it plans to sell ten billion dollars in thirty six -HYPHEN day cash management bills on Thursday .PERIOD  (wsjp89016262)
They will mature December twenty one .PERIOD  (wsjp89016263)
Economic news had little effect on financial markets .PERIOD  (wsjp89016361)
As expected ,COMMA a national purchasing managers' report indicated the nation's manufacturing sector continues to contract modestly .PERIOD  (wsjp89016362)
The Federal Reserve's Beige Book ,COMMA a summary of economic conditions across the country ,COMMA indicated that the overall economy remains in a pattern of sluggish growth .PERIOD  (wsjp89016363)
Stock prices rose fractionally in moderate trading .PERIOD  (wsjp89016381)
Big Board volume totaled one hundred fifty four .point two million shares .PERIOD  (wsjp89016382)
Bond prices were up .PERIOD  (wsjp89016383)
The Treasury's benchmark thirty -HYPHEN year bond gained about a quarter of a point ,COMMA or two dollars and fifty cents for each one thousand dollar of face amount .PERIOD  (wsjp89016384)
The yield fell to seven .point eight eight %PERCENT .PERIOD  (wsjp89016385)
Late yesterday ,COMMA Georgia Gulf said it reviewed the N. L. proposal as well as interests from "DOUBLE-QUOTE third parties "DOUBLE-QUOTE regarding business combinations .PERIOD  (wsjp89016461)
Georgia Gulf said it hasn't eliminated any alternatives and that "DOUBLE-QUOTE discussions are being held with interested parties ,COMMA and work is also continuing on other various transactions .PERIOD "DOUBLE-QUOTE  (wsjp89016462)
It didn't elaborate .PERIOD  (wsjp89016463)
Analysts saw the latest offer as proof that Mr. Simmons ,COMMA an aggressive and persistent investor ,COMMA won't leave Georgia Gulf alone until some kind of transaction is completed .PERIOD  (wsjp89016471)
"DOUBLE-QUOTE He has clamped on their ankle like a pit bull ,COMMA "DOUBLE-QUOTE says Paul Leming ,COMMA a vice president with Morgan Stanley &AMPERSAND Company .PERIOD  (wsjp89016472)
"DOUBLE-QUOTE He appears to be in it for the long haul .PERIOD "DOUBLE-QUOTE  (wsjp89016473)
Mr. Simmons and N. L. already own a nine .point nine %PERCENT stake in Georgia Gulf .PERIOD  (wsjp89016474)
That process of sorting out specifics is likely to take time ,COMMA the Japanese say ,COMMA no matter how badly the U. S. wants quick results .PERIOD  (wsjp89016761)
For instance ,COMMA at the first meeting the two sides couldn't even agree on basic data used in price discussions .PERIOD  (wsjp89016762)
Since then ,COMMA a team of about fifteen M. I. T. I. and U. S. Commerce Department officials have crossed the globe gauging consumer prices .PERIOD  (wsjp89016763)
By Monday ,COMMA they hope to have a sheaf of documents both sides can trust .PERIOD  (wsjp89016764)
In a joint -HYPHEN venture deal ,COMMA Mitsui guided Candela through Tokyo's bureaucratic maze .PERIOD  (wsjp89016831)
It eventually secured Ministry of Health import approval for two Candela laser products --DASH one that breaks up kidney stones and another that treats skin lesions .PERIOD  (wsjp89016832)
At last count ,COMMA Candela had sold four million dollars of its medical devices in Japan .PERIOD  (wsjp89016833)
The deal also gave Mitsui access to a high -HYPHEN tech medical product .PERIOD  (wsjp89016841)
"DOUBLE-QUOTE They view this as a growth area so they went about it with a systematic approach ,COMMA "DOUBLE-QUOTE says Richard Olsen ,COMMA a Candela vice president .PERIOD  (wsjp89016842)
Indeed ,COMMA for many Japanese trading companies ,COMMA the favorite U. S. small business is one whose research and development can be milked for future Japanese use .PERIOD  (wsjp89016843)
A host of electronics firms in California's Silicon Valley were financed with trading -HYPHEN company venture capital .PERIOD  (wsjp89016951)
Profit ,COMMA at least in the short term ,COMMA is usually a secondary goal .PERIOD  (wsjp89016952)
"DOUBLE-QUOTE Strategic objectives ,COMMA not financial return ,COMMA drive many of the deals ,COMMA "DOUBLE-QUOTE says a Venture Economics spokesman .PERIOD  (wsjp89016953)
So it goes in the competitive world of consumer banking these days .PERIOD  (wsjp89017061)
For nearly a decade ,COMMA banks have competed for customers primarily with the interest rates they pay on their deposits and charge on their loans .PERIOD  (wsjp89017062)
The competitive rates were generally offset by hefty fees on various services .PERIOD  (wsjp89017063)
Still ,COMMA bankers expect packaging to flourish ,COMMA primarily because more customers are demanding that financial services be tailored to their needs .PERIOD  (wsjp89017201)
"DOUBLE-QUOTE These days ,COMMA banking customers walk in the door expecting you to have a package especially for them ,COMMA "DOUBLE-QUOTE Ms. Moore says .PERIOD  (wsjp89017202)
Some banks are already moving in that direction ,COMMA according to Alvin T. Sale ,COMMA marketing director at First Union Corporation in Charlotte .PERIOD  (wsjp89017203)
First Union ,COMMA he says ,COMMA now has packages for seven customer groups .PERIOD  (wsjp89017204)
Soon ,COMMA it will split those into thirty .PERIOD  (wsjp89017205)
As a Foster Corporate Parent ,COMMA you'll be helping a neighborhood S. &AMPERSAND L. in areas crucial to its survival .PERIOD  (wsjp89017321)
Like healthy regulatory capital .PERIOD  (wsjp89017322)
A steady deposit base .PERIOD  (wsjp89017323)
Performing loans .PERIOD  (wsjp89017324)
At the same time ,COMMA you'll give your Foster Savings Institution the gift of hope and freedom from the federal regulators who want to close its doors --DASH for good .PERIOD  (wsjp89017325)
A final modification was made to the five -HYPHEN point opening limit for the contract .PERIOD  (wsjp89017491)
The Merc said that five -HYPHEN point limit will remain in effect for the first ten minutes of trading .PERIOD  (wsjp89017492)
The limit lapses under current exchange rules if contracts trade above the limit price during the opening ten minutes of trading .PERIOD  (wsjp89017493)
Vicar Marshall admits to mixed feelings about this issue ,COMMA since he is both a vicar and an active bell -HYPHEN ringer himself .PERIOD  (wsjp89017771)
"DOUBLE-QUOTE The sound of bells is a net to draw people into the church ,COMMA "DOUBLE-QUOTE he says .PERIOD  (wsjp89017772)
"DOUBLE-QUOTE I live in hopes that the ringers themselves will be drawn into that fuller life .PERIOD "DOUBLE-QUOTE  (wsjp89017773)
Put another way ,COMMA the decline in the yield suggests stocks have gotten pretty rich in price relative to the dividends they pay ,COMMA some market analysts say .PERIOD  (wsjp89017921)
They are keeping a close watch on the yield on the S. &AMPERSAND P. five hundred .PERIOD  (wsjp89017922)
The figure is currently about three .point three %PERCENT ,COMMA up from three .point two %PERCENT before the recent market slide .PERIOD  (wsjp89017923)
Some analysts say investors should run for the exits if a sustained market rebound pushes the yield below three %PERCENT .PERIOD  (wsjp89017924)
One indicator investors might want to watch is the monthly tally from Standard &AMPERSAND Poor's of the number of public companies adjusting their dividends .PERIOD  (wsjp89018041)
A total of one hundred thirty nine companies raised dividends in October ,COMMA basically unchanged from one hundred thirty eight a year ago ,COMMA S. &AMPERSAND P. said Wednesday .PERIOD  (wsjp89018042)
That followed four straight months in which the number of increases trailed the year -HYPHEN earlier pace .PERIOD  (wsjp89018043)
Mr. Nixon is traveling in China as a private citizen ,COMMA but he has made clear that he is an unofficial envoy for the Bush administration .PERIOD  (wsjp89018291)
Mr. Nixon met Mr. Bush and his national security adviser ,COMMA Brent Scowcroft ,COMMA before coming to China on Saturday .PERIOD  (wsjp89018292)
And he plans to brief the president at the end of the week ,COMMA U. S. sources said .PERIOD  (wsjp89018293)
Mr. Nixon was to leave China today .PERIOD  (wsjp89018294)
But the guards there retained their pistols ,COMMA and a large contingent of plainclothes police remained nearby in unmarked cars .PERIOD  (wsjp89018341)
Moreover ,COMMA police and soldiers continue to harass Americans ,COMMA who have filed several protests with the Foreign Ministry in the past week .PERIOD  (wsjp89018342)
Several times ,COMMA Chinese guards have pointed their automatic rifles at young children of U. S. diplomats and clicked the trigger .PERIOD  (wsjp89018343)
The rifles weren't loaded .PERIOD  (wsjp89018344)
Unfortunately ,COMMA Japanese manufacturers have neither good working conditions nor good compensation packages .PERIOD  (wsjp89018371)
I get the impression that some Japanese managers believe working harder for less money is beautiful .PERIOD  (wsjp89018372)
I visited a lot of major Japanese manufacturers ,COMMA but I never felt I would want to be employed by any of them .PERIOD  (wsjp89018373)
The statistics imply that three -HYPHEN quarters of blacks approve of Mr. Bush's job performance and eighty five %PERCENT of blacks approve of Mrs. Bush .PERIOD  (wsjp89018431)
If the assumption is that it is surprising that so few blacks find Mr. and Mrs. Bush distasteful ,COMMA the positive view is even more newsworthy .PERIOD  (wsjp89018432)
Such an editorial point of view perpetuates an insidious ,COMMA stereotyped perspective .PERIOD  (wsjp89018433)
Why are we blacks continually defined by our minority and the lowest common denominator .PERIOD  (wsjp89018434)
First Commonwealth Securities Corporation ,COMMA of New Orleans ,COMMA and its president ,COMMA Kenneth J. Canepa ,COMMA also of New Orleans ,COMMA consented to a ten thousand dollars fine .PERIOD  (wsjp89018521)
Also ,COMMA Mr. Canepa received a two -HYPHEN week suspension "DOUBLE-QUOTE in a principal capacity .PERIOD "DOUBLE-QUOTE  (wsjp89018522)
Without admitting or denying wrongdoing ,COMMA they consented to findings that they had inaccurately represented the firm's net capital ,COMMA maintained inaccurate books and records ,COMMA and made other violations .PERIOD  (wsjp89018523)
Mr. Canepa confirmed he had consented to the sanctions but declined to comment further .PERIOD  (wsjp89018524)
The British also are scrutinizing program trades .PERIOD  (wsjp89018741)
Index -HYPHEN arbitrage trading is "DOUBLE-QUOTE something we want to watch closely ,COMMA "DOUBLE-QUOTE an official at London's Stock Exchange said .PERIOD  (wsjp89018742)
"DOUBLE-QUOTE We don't think there is cause for concern at the moment .PERIOD "DOUBLE-QUOTE  (wsjp89018743)
Britain has two main index -HYPHEN arbitrage instruments .PERIOD  (wsjp89018781)
A Financial Times -HYPHEN Stock Exchange one hundred -HYPHEN share index option contract is traded on the London Stock Exchange's Traded Options Market .PERIOD  (wsjp89018782)
And an F. T. -HYPHEN S. E. futures contract is traded on the London International Financial Futures Exchange .PERIOD  (wsjp89018783)
Both contracts have gained a following since the nineteen eighty seven global market crash .PERIOD  (wsjp89018784)
But Mr. Hahn rose swiftly through the ranks ,COMMA demonstrating a raw intelligence that he says he knew he possessed early on .PERIOD  (wsjp89019061)
The son of a physicist ,COMMA Mr. Hahn skipped first grade because his reading ability was so far above his classmates .PERIOD  (wsjp89019062)
Moving rapidly through school ,COMMA he graduated Phi Beta Kappa from the University of Kentucky at age eighteen ,COMMA after spending only two and one half years in college .PERIOD  (wsjp89019063)
He earned his doctorate in nuclear physics from the Massachusetts Institute of Technology .PERIOD  (wsjp89019064)
The formula has paid off ,COMMA so far .PERIOD  (wsjp89019101)
Georgia -HYPHEN Pacific's sales climbed to nine .point five billion dollars last year ,COMMA compared with six billion dollars in nineteen eighty three ,COMMA when Mr. Hahn took the reins .PERIOD  (wsjp89019102)
Profit from continuing operations has soared to four hundred sixty seven million dollars from seventy five million dollars .PERIOD  (wsjp89019103)
Mr. Hahn attributes the gains to the philosophy of concentrating on what a company knows best .PERIOD  (wsjp89019104)
Nekoosa wouldn't be a diversification .PERIOD  (wsjp89019121)
It would be a good match ,COMMA Mr. Hahn and many analysts say ,COMMA of two healthy companies with high -HYPHEN quality assets and strong cash flows .PERIOD  (wsjp89019122)
The resulting company would be the largest forest -HYPHEN products concern in the world with combined sales of more than thirteen billion dollars .PERIOD  (wsjp89019123)
Inventor Claire Marvin says his design virtually eliminates spilling .PERIOD  (wsjp89019391)
Lids aren't even needed .PERIOD  (wsjp89019392)
He also claims the carrier costs less and takes up less space than most paper carriers .PERIOD  (wsjp89019393)
A few fast -HYPHEN food outlets are giving it a try .PERIOD  (wsjp89019394)
The company acknowledges some problems .PERIOD  (wsjp89019401)
A driver has to find something to hang the carrier on ,COMMA so the company supplies a window hook .PERIOD  (wsjp89019402)
While it breaks down in prolonged sunlight ,COMMA it isn't recyclable .PERIOD  (wsjp89019403)
And unlike some trays ,COMMA there's no place for food .PERIOD  (wsjp89019404)
A U. S. X. spokesman said the company hadn't yet received any documents from OSHA regarding the penalty or fine .PERIOD  (wsjp89019611)
"DOUBLE-QUOTE Once we do ,COMMA they will receive very serious evaluation ,COMMA "DOUBLE-QUOTE the spokesman said .PERIOD  (wsjp89019612)
"DOUBLE-QUOTE No consideration is more important than the health and safety of our employees .PERIOD "DOUBLE-QUOTE  (wsjp89019613)
Some of the homeless ,COMMA obviously ,COMMA had pre -HYPHEN existing mental illness or addiction .PERIOD  (wsjp89019861)
But many others have fallen through cracks in the economy into the grim ,COMMA brutal world of our city streets .PERIOD  (wsjp89019862)
Once there ,COMMA what ways of escape are open to them other than drink ,COMMA drugs or insanity ?QUESTION-MARK  (wsjp89019863)
It was censorship .PERIOD  (wsjp890110121)
It was outrageous .PERIOD  (wsjp890110122)
And it was stupid .PERIOD  (wsjp890110123)
A couple of weeks ago ,COMMA I lost the case in federal district court in Des Moines .PERIOD  (wsjp890110191)
At least ,COMMA that's the way it was reported .PERIOD  (wsjp890110192)
And ,COMMA indeed ,COMMA the lawsuit was dismissed .PERIOD  (wsjp890110193)
In August ,COMMA the company took a three hundred forty three million dollars pretax charge against fiscal nineteen eighty nine earnings when it announced a world -HYPHEN wide restructuring plan .PERIOD  (wsjp890110491)
The plan calls for closing at least nine plants and eliminating about three thousand ,COMMA six hundred jobs .PERIOD  (wsjp890110492)
But analysts said early results from the reorganization have been disappointing ,COMMA especially in Europe ,COMMA and there were signs that the board became impatient .PERIOD  (wsjp890110493)
For fiscal nineteen eighty nine ,COMMA Mr. McGovern received a salary of eight hundred seventy seven thousand ,COMMA six hundred sixty three dollars .PERIOD  (wsjp890110531)
He owns about forty five thousand shares of Campbell stock and has options to buy more than one hundred thousand additional shares .PERIOD  (wsjp890110532)
He will be eligible for an annual pension of more than two hundred forty four thousand dollars with certain other fringe benefits .PERIOD  (wsjp890110533)
Mr. Baum said he and Mr. Harper both advocated closing some plants as long ago as early nineteen eighty eight .PERIOD  (wsjp890110551)
"DOUBLE-QUOTE You've got to make the restructuring work ,COMMA "DOUBLE-QUOTE said Mr. Baum .PERIOD  (wsjp890110552)
"DOUBLE-QUOTE You've got to make those savings now .PERIOD "DOUBLE-QUOTE  (wsjp890110553)
Mr. Harper expressed confidence that he and Mr. Baum can convince the board of their worthiness to run the company .PERIOD  (wsjp890110561)
"DOUBLE-QUOTE We look upon this as a great opportunity to prove the fact that we have a tremendous management team ,COMMA "DOUBLE-QUOTE he said .PERIOD  (wsjp890110562)
He predicted that the board would give the current duo until early next year before naming a new chief executive .PERIOD  (wsjp890110563)
In the interview at headquarters yesterday afternoon ,COMMA both men exuded confidence and seemed to work well together .PERIOD  (wsjp890110581)
"DOUBLE-QUOTE You've got two champions sitting right before you ,COMMA "DOUBLE-QUOTE said Mr. Baum .PERIOD  (wsjp890110582)
"DOUBLE-QUOTE We play to win .PERIOD "DOUBLE-QUOTE  (wsjp890110583)
FEDERAL FUNDS :COLON nine and one half %PERCENT high ,COMMA eight and three quarters %PERCENT low ,COMMA eight and three quarters %PERCENT near closing bid ,COMMA nine %PERCENT offered .PERIOD  (wsjp890110621)
Reserves traded among commercial banks for overnight use in amounts of one million dollars or more .PERIOD  (wsjp890110622)
Source :COLON Fulton Prebon (LEFT-PAREN U. S. A. )

In an interview ,COMMA Mr. Bernstein said his departure "DOUBLE-QUOTE evolved out of discussions with Si Newhouse and that's the decision I reached .PERIOD "DOUBLE-QUOTE  (wsjp890110781)
He declined to elaborate ,COMMA other than to say ,COMMA "DOUBLE-QUOTE It just seemed the right thing to do at this minute .PERIOD  (wsjp890110782)
Sometimes you just go with your gut .PERIOD "DOUBLE-QUOTE  (wsjp890110783)
Mr. Bernstein said he will stay until December thirty one and work with his successor ,COMMA who is to be named soon .PERIOD  (wsjp890110784)
Mr. Newhouse ,COMMA meanwhile ,COMMA insisted that he isn't unhappy with Mr. Bernstein or the performance of Random House ,COMMA the largest trade publishing house in the U. S. .PERIOD  (wsjp890110791)
The company said the publisher's annual sales volume increased to eight hundred million dollars from forty million dollars during Mr. Bernstein's tenure .PERIOD  (wsjp890110792)
"DOUBLE-QUOTE Bob has handled the extraordinary growth of the company quite brilliantly ,COMMA "DOUBLE-QUOTE said Mr. Newhouse .PERIOD  (wsjp890110793)
"DOUBLE-QUOTE The company is doing well ,COMMA it's stable ,COMMA it's got good people .PERIOD  (wsjp890110794)
Bob has an agenda and this seemed like the natural time .PERIOD "DOUBLE-QUOTE  (wsjp890110795)
This species of congressional action is predicated on an interpretation of the appropriations clause that is erroneous and unconstitutional .PERIOD  (wsjp890110861)
The appropriations clause states that "DOUBLE-QUOTE No Money shall be drawn from the Treasury ,COMMA but in Consequence of Appropriations made by Law ...ELLIPSIS .PERIOD "DOUBLE-QUOTE  (wsjp890110862)
The prevailing interpretation of the clause on Capitol Hill is that it gives Congress an omnipresent veto over every conceivable action of the president through the ability to withhold funding .PERIOD  (wsjp890110863)
This interpretation was officially endorsed by Congress in nineteen eighty seven in the Iran -HYPHEN Contra Report .PERIOD  (wsjp890110864)
Section six hundred five also imposes unconstitutional conditions on the president's ability to nominate candidates of his choosing .PERIOD  (wsjp890110921)
The language of the appropriations rider implies that any nomination to any position of a rejected nominee will result in the president being denied funding to pay that person's salary .PERIOD  (wsjp890110922)
The president could probably not avoid this restriction by choosing people willing to serve without pay ,COMMA because the Anti -HYPHEN Deficiency Act prohibits voluntary service to the government .PERIOD  (wsjp890110923)
If President Bush loses at the court ,COMMA it might be disappointing ,COMMA as Morrison v. .PERIOD  (wsjp890111021)
Olson was for the Reagan administration .PERIOD  (wsjp890111022)
But the presidency would be no worse off than it is now .PERIOD  (wsjp890111023)
Moreover ,COMMA the electorate would have received a valuable civics lesson in how the separation of powers works in practice .PERIOD  (wsjp890111024)
Hearst said it would provide employees with a placement service and pay them for sixty days .PERIOD  (wsjp890111291)
Some long -HYPHEN tenured employees will receive additional benefits ,COMMA the company said .PERIOD  (wsjp890111292)
Hours after the announcement ,COMMA representatives of the Orange County Register were in a bar across the street recruiting .PERIOD  (wsjp890111293)
Outside ,COMMA a young pressman filling a news box with an extra edition headlined "DOUBLE-QUOTE Herald Examiner Closes "DOUBLE-QUOTE refused to take a reader's quarter .PERIOD  (wsjp890111331)
"DOUBLE-QUOTE Forget it ,COMMA "DOUBLE-QUOTE he said as he handed her a paper .PERIOD  (wsjp890111332)
"DOUBLE-QUOTE It doesn't make any difference now .PERIOD "DOUBLE-QUOTE  (wsjp890111333)
The companies are giving four -HYPHEN day vacations for two to Buick buyers who charge all or part of their down payments on the American Express green card .PERIOD  (wsjp890111391)
They have begun sending letters explaining the program ,COMMA which began October eighteen and will end December eighteen ,COMMA to about five million card holders .PERIOD  (wsjp890111392)
Neither company would disclose the program's cost .PERIOD  (wsjp890111393)
Buick has been seeking for the past few years to restore its reputation as "DOUBLE-QUOTE the doctor's car "DOUBLE-QUOTE --DASH a product for upscale professionals .PERIOD  (wsjp890111411)
Sales were roughly flat in the nineteen eighty nine model year compared with a year earlier ,COMMA though industry sales fell .PERIOD  (wsjp890111412)
But since the nineteen ninety model year began October one ,COMMA Buick sales have plunged thirty three %PERCENT .PERIOD  (wsjp890111413)
In lieu of the vacation ,COMMA buyers can choose among several prizes ,COMMA including a grandfather clock or a stereo videocassette recorder .PERIOD  (wsjp890111511)
Card holders who receive the letter also are eligible for a sweepstakes with Buick cars or a Hawaii vacation as prizes .PERIOD  (wsjp890111512)
If they test -HYPHEN drive a Buick ,COMMA they get an American Express calculator .PERIOD  (wsjp890111513)
This isn't Buick's first travel -HYPHEN related promotion .PERIOD  (wsjp890111521)
A few years ago ,COMMA the company offered two round -HYPHEN trip tickets on Trans World Airlines to buyers of its Riviera luxury car .PERIOD  (wsjp890111522)
The promotion helped Riviera sales exceed the division's forecast by more than ten %PERCENT ,COMMA Buick said at the time .PERIOD  (wsjp890111523)
When two parties engage in an interest -HYPHEN rate swap ,COMMA they are betting against each other on future rates .PERIOD  (wsjp890111571)
Thus ,COMMA an institution obligated to make fixed -HYPHEN rate interest payments on debt swaps the payments with another making floating -HYPHEN rate payments .PERIOD  (wsjp890111572)
In most of the British transactions ,COMMA the municipalities agreed to make floating -HYPHEN rate payments to banks ,COMMA which would make fixed -HYPHEN rate payments .PERIOD  (wsjp890111573)
As interest rates rose ,COMMA municipalities owed the banks more than the banks were paying them .PERIOD  (wsjp890111574)
The battle has turned into a civil war at some firms and organizations ,COMMA causing internal contradictions and pitting employee against employee .PERIOD  (wsjp890111781)
At Kidder ,COMMA a unit of General Electric Company ,COMMA and other big brokerage firms ,COMMA stockbrokers battle their own firm's program traders a few floors away .PERIOD  (wsjp890111782)
Corporations like Contel denounce program trading ,COMMA yet Contel has in the past hired pension fund managers like Bankers Trust Company that are also big program traders .PERIOD  (wsjp890111783)
The Big Board --DASH the nation's premier stock exchange --DASH is sharply divided between its floor traders and its top executives .PERIOD  (wsjp890111791)
Its entrenched forty nine stock specialists firms are fighting tooth and nail against programs .PERIOD  (wsjp890111792)
But the Big Board's leadership --DASH over the specialists' protests --DASH two weeks ago began trading a new stock "DOUBLE-QUOTE basket "DOUBLE-QUOTE product designed to facilitate program trading .PERIOD  (wsjp890111793)
"DOUBLE-QUOTE A lot of people would like to go back to nineteen seventy ,COMMA "DOUBLE-QUOTE before program trading ,COMMA Mr. Phelan said this week .PERIOD  (wsjp890111794)
"DOUBLE-QUOTE I would like to go back to nineteen seventy .PERIOD  (wsjp890111795)
But we are not going back to nineteen seventy .PERIOD "DOUBLE-QUOTE  (wsjp890111796)
Such program trades ,COMMA which can involve the purchase or sale of millions of dollars of stock ,COMMA occur in a matter of seconds .PERIOD  (wsjp890111841)
A program trade of five million dollars of stock typically earns a razor -HYPHEN thin profit of twenty five thousand dollars .PERIOD  (wsjp890111842)
To keep program -HYPHEN trading units profitable in the eyes of senior brokerage executives ,COMMA traders must seize every opportunity their computers find .PERIOD  (wsjp890111843)
Meanwhile ,COMMA specialists' trading risks have skyrocketed as a result of stock -HYPHEN market volatility .PERIOD  (wsjp890111921)
"DOUBLE-QUOTE When the sell programs hit ,COMMA you can hear the order printers start to go "DOUBLE-QUOTE on the Big Board trading floor ,COMMA says one specialist there .PERIOD  (wsjp890111922)
"DOUBLE-QUOTE The buyers walk away ,COMMA and the specialist is left alone "DOUBLE-QUOTE as the buyer of last resort for his stable of stocks ,COMMA he contends .PERIOD  (wsjp890111923)
Too much money is at stake for program traders to give up .PERIOD  (wsjp890111961)
For example ,COMMA stock -HYPHEN index futures began trading in Chicago in nineteen eighty two ,COMMA and within two years they were the fastest -HYPHEN growing futures contract ever launched .PERIOD  (wsjp890111962)
Stock futures trading has minted dozens of millionaires in their twenties and thirties .PERIOD  (wsjp890111963)
Now ,COMMA on a good day ,COMMA Chicago's stock -HYPHEN index traders trade more dollars worth of stock futures than the Big Board trades in stock .PERIOD  (wsjp890111964)
But the prospects for legislation that targets program trading is unlikely anytime soon .PERIOD  (wsjp890111981)
Many people ,COMMA including the Big Board ,COMMA think that it's too late to put the genie back in the bottle .PERIOD  (wsjp890111982)
The Big Board's directors meet today to approve some program -HYPHEN trading restrictions ,COMMA but a total ban isn't being considered ,COMMA Big Board officials say .PERIOD  (wsjp890111983)
A large investor will likely cause the futures market to decline when he sells his futures .PERIOD  (wsjp890112141)
Arbitrage simply transfers his selling pressure from Chicago to New York ,COMMA while functioning as a buyer in Chicago .PERIOD  (wsjp890112142)
The start of the whole process is the key -HYPHEN someone must fundamentally increase or decrease his ownership in widgets to make widget prices move .PERIOD  (wsjp890112143)
Volatility surrounding his trades occurs not because of index arbitrage ,COMMA but because his is a large addition or subtraction to a widget market with finite liquidity .PERIOD  (wsjp890112161)
Eliminate arbitrage and liquidity will decline instead of rising ,COMMA creating more volatility instead of less .PERIOD  (wsjp890112162)
The speed of his transaction isn't to be feared either ,COMMA because faster and cleaner execution is desirable ,COMMA not loathsome .PERIOD  (wsjp890112163)
If slowing things down could reduce volatility ,COMMA stone tablets should become the trade ticket of the future .PERIOD  (wsjp890112164)
Some of the proposed fixes for what is labeled "DOUBLE-QUOTE program -HYPHEN trading volatility "DOUBLE-QUOTE could be far worse than the perceived problem .PERIOD  (wsjp890112191)
In using program trading as a whipping boy ,COMMA fundamentalist investors stand to gain the high ground in wooing small investors for their existing stock -HYPHEN selection products .PERIOD  (wsjp890112192)
They may ,COMMA however ,COMMA risk bringing some damaging interference from outside the markets themselves .PERIOD  (wsjp890112193)
How does a nice new tax ,COMMA say five %PERCENT ,COMMA on any financial transaction sound ?QUESTION-MARK  (wsjp890112194)
That ought to make sure we're all thinking for the long term .PERIOD  (wsjp890112195)
So what is next for program trading ?QUESTION-MARK  (wsjp890112241)
Left to its own devices ,COMMA index arbitrage will become more and more efficient ,COMMA making it harder and harder to do profitably .PERIOD  (wsjp890112242)
Spreads will become so tight that it won't matter which market an investor chooses --DASH arbitrage will prevent him from gaining any temporary profit .PERIOD  (wsjp890112243)
The offsetting fees would apply to filings made under the Hart -HYPHEN Scott -HYPHEN Rodino Act .PERIOD  (wsjp890112341)
Under that law ,COMMA parties proposing mergers or acquisitions valued at fifteen million dollars or more must notify F. T. C. and Justice Department antitrust regulators before completing the transactions .PERIOD  (wsjp890112342)
Currently ,COMMA the government charges nothing for such filings .PERIOD  (wsjp890112343)
Ballot watchers say attention already is focused on the nineteen ninety elections .PERIOD  (wsjp890112411)
In California ,COMMA two petition drives for next year's election are "DOUBLE-QUOTE essentially finished ,COMMA "DOUBLE-QUOTE says David Schmidt ,COMMA author of "DOUBLE-QUOTE Citizen Lawmakers .PERIOD "DOUBLE-QUOTE  (wsjp890112412)
Mr. McGuigan cites three completed efforts in Oklahoma .PERIOD  (wsjp890112413)
Hot ballot topics are expected to be abortion ,COMMA the environment and insurance reform .PERIOD  (wsjp890112414)
The National Association of Diaper Services ,COMMA Philadelphia ,COMMA says that since January it has gotten more than six hundred seventy two inquiries from people interested in starting diaper services .PERIOD  (wsjp890112551)
Elisa Hollis launched a diaper service last year because State College ,COMMA Pennsylvania ,COMMA where she lives ,COMMA didn't have one .PERIOD  (wsjp890112552)
Diaper shortages this summer limited growth at Stork Diaper Services ,COMMA Springfield ,COMMA Massachusetts ,COMMA where business is up twenty five %PERCENT in nineteen eighty nine .PERIOD  (wsjp890112553)
But he blames program trading for only some of the market's volatility .PERIOD  (wsjp890112611)
He also considers the market overvalued and cites the troubles in junk bonds .PERIOD  (wsjp890112612)
He adds :COLON "DOUBLE-QUOTE The market may be giving us another message ,COMMA that a recession is looming .PERIOD "DOUBLE-QUOTE  (wsjp890112613)
Also in New York ,COMMA Israel Silverman ,COMMA an insurance -HYPHEN company lawyer ,COMMA comments that program trading "DOUBLE-QUOTE increases volatility ,COMMA but I don't think it should be banned .PERIOD  (wsjp890112681)
There's no culprit here .PERIOD  (wsjp890112682)
The market is just becoming more efficient .PERIOD "DOUBLE-QUOTE  (wsjp890112683)
Arbitraging on differences between spot and futures prices is an important part of many financial markets ,COMMA he says .PERIOD  (wsjp890112684)
He adds that his shares in a company savings plan are invested in a mutual fund ,COMMA and volatility ,COMMA on a given day ,COMMA may hurt the fund .PERIOD  (wsjp890112685)
But "DOUBLE-QUOTE I'm a long -HYPHEN term investor ,COMMA "DOUBLE-QUOTE he says .PERIOD  (wsjp890112686)
"DOUBLE-QUOTE If you were a short -HYPHEN term investor ,COMMA you might be more leery about program trading .PERIOD "DOUBLE-QUOTE  (wsjp890112687)
"DOUBLE-QUOTE My stocks are all blue chips ,COMMA "DOUBLE-QUOTE she says .PERIOD  (wsjp890112741)
"DOUBLE-QUOTE If the market goes down ,COMMA I figure it's paper profits I'm losing .PERIOD  (wsjp890112742)
On the other hand ,COMMA if it goes way sky high ,COMMA I always sell .PERIOD  (wsjp890112743)
You don't want to get yourself too upset about these things .PERIOD "DOUBLE-QUOTE  (wsjp890112744)
Mr. van Dover added that researchers are trying to determine precisely what crystal changes solved the problem .PERIOD  (wsjp890112841)
Determining that may enable them to develop better ways to introduce the needed crystal -HYPHEN lattice patterns .PERIOD  (wsjp890112842)
The AT &AMPERSAND T. team also is trying to combine their latest superconductor process with "DOUBLE-QUOTE melt -HYPHEN textured growth ,COMMA "DOUBLE-QUOTE a process discovered earlier at Bell Laboratories .PERIOD  (wsjp890112843)
The combined processes may significantly raise the current -HYPHEN carrying capacity of multi -HYPHEN crystal samples .PERIOD  (wsjp890112844)
The appointment takes effect November thirteen .PERIOD  (wsjp890112861)
He succeeds James A. Taylor ,COMMA who stepped down as chairman ,COMMA president and chief executive in March for health reasons .PERIOD  (wsjp890112862)
Edward L. Kane succeeded Mr. Taylor as chairman .PERIOD  (wsjp890112863)
The latest results include some unusual write -HYPHEN downs ,COMMA which had an after -HYPHEN tax impact of four .point nine million dollars .PERIOD  (wsjp890112881)
Those included costs associated with the potential Valley Federal Savings and Loan Association acquisition ,COMMA which was terminated on September twenty seven ,COMMA nineteen eighty nine .PERIOD  (wsjp890112882)
In addition ,COMMA operating results were hit by an increase in loan and real estate loss reserves .PERIOD  (wsjp890112883)
Although his team lost the World Series ,COMMA San Francisco Giants owner Bob Lurie hopes to have a new home for them .PERIOD  (wsjp890113001)
He is an avid fan of a proposition on next week's ballot to help build a replacement for Candlestick Park .PERIOD  (wsjp890113002)
Small wonder ,COMMA since he's asking San Francisco taxpayers to sink up to one hundred million dollars into the new stadium .PERIOD  (wsjp890113003)
As San Francisco digs out from The Pretty Big One ,COMMA opponents say the last thing the city can afford is an expensive new stadium .PERIOD  (wsjp890113004)
A stadium craze is sweeping the country .PERIOD  (wsjp890113011)
It's fueled by the increasing profitability of major -HYPHEN league teams .PERIOD  (wsjp890113012)
Something like one -HYPHEN third of the nation's sixty largest cities are thinking about new stadiums ,COMMA ranging from Cleveland to San Antonio and Street Petersburg .PERIOD  (wsjp890113013)
"DOUBLE-QUOTE These two exposures alone represent a very substantial portion of C. S. First Boston's equity ,COMMA "DOUBLE-QUOTE Moody's said .PERIOD  (wsjp890113271)
"DOUBLE-QUOTE Total merchant banking exposures are in excess of the firm's equity .PERIOD "DOUBLE-QUOTE  (wsjp890113272)
C. S. First Boston ,COMMA however ,COMMA benefits from the backing of its largest shareholder ,COMMA Credit Suisse ,COMMA Switzerland's third largest bank .PERIOD  (wsjp890113273)
A Shearson spokesman said the firm isn't worried .PERIOD  (wsjp890113291)
"DOUBLE-QUOTE A year ago ,COMMA Moody's also had Shearson under review for possible downgrade ,COMMA "DOUBLE-QUOTE he said .PERIOD  (wsjp890113292)
"DOUBLE-QUOTE After two months of talks ,COMMA our rating was maintained .PERIOD "DOUBLE-QUOTE  (wsjp890113293)
Drexel ,COMMA meanwhile ,COMMA already competes at a disadvantage to its big Wall Street rivals because it has a slightly lower commercial paper rating .PERIOD  (wsjp890113294)
The collapse of junk bond prices and the cancellation of many junk bond financings apparently have taken their toll on closely held Drexel ,COMMA the leading underwriter in that market .PERIOD  (wsjp890113301)
The firm also has been hit with big financial settlements with the government stemming from its guilty plea to six felonies related to a big insider -HYPHEN trading scandal .PERIOD  (wsjp890113302)
Drexel this year eliminated its retail or individual customer business ,COMMA cutting the firm's workforce almost in half to just over five thousand .PERIOD  (wsjp890113303)
D. E. S. daughters and other victims of drugs would be better off if their cases were taken out of the courts .PERIOD  (wsjp890113451)
Congress could create a compensation program to help such victims while protecting the national interest in encouraging new drugs .PERIOD  (wsjp890113452)
But a nineteen eighty six law that supposedly replaced lawsuits over children's vaccines with a compensation fund has predictably led to even more litigation .PERIOD  (wsjp890113453)
Everyone by now understands that Congress is utterly incapable of writing legislation to help deserving people without its becoming some billion -HYPHEN dollar morass .PERIOD  (wsjp890113461)
We have no doubt this is one reason judges in New York and justices on the Supreme Court are willing to trash the law in the D. E. S. cases .PERIOD  (wsjp890113462)
They must figure that justice has to get done by somebody ,COMMA but know it won't be done by Congress .PERIOD  (wsjp890113463)
Drug companies in the key index also notched gains as market -HYPHEN makers searched for stock in anticipation of demand due to the sector's defensive qualities .PERIOD  (wsjp890113981)
Wellcome gained eighteen to six hundred sixty six on a modest one .point one million shares .PERIOD  (wsjp890113982)
Glaxo ,COMMA the U. K.'s largest pharmaceutical concern ,COMMA advanced twenty three to fourteen pounds and thirteen pence .PERIOD  (wsjp890113983)
Stock prices closed higher in Stockholm ,COMMA Amsterdam and Frankfurt and lower in Zurich .PERIOD  (wsjp890113991)
Paris ,COMMA Brussels ,COMMA and Milan were closed for a holiday .PERIOD  (wsjp890113992)
South African gold stocks closed marginally lower .PERIOD  (wsjp890113993)
Here are price trends on the world's major stock markets ,COMMA as calculated by Morgan Stanley Capital International Perspective ,COMMA Geneva .PERIOD  (wsjp890114021)
To make them directly comparable ,COMMA each index is based on the close of nineteen sixty nine equaling one hundred .PERIOD  (wsjp890114022)
The percentage change is since year -HYPHEN end .PERIOD  (wsjp890114023)
Mr. Lieberman said the diverse showing in yesterday's reports "DOUBLE-QUOTE only enhances the importance of the employment data .PERIOD "DOUBLE-QUOTE  (wsjp890114461)
The employment report ,COMMA which at times has caused wide swings in bond prices ,COMMA is due out tomorrow .PERIOD  (wsjp890114462)
The average estimate of twenty two economists polled by Dow Jones Capital Markets Report was that non -HYPHEN farm payrolls expanded by one hundred fifty two thousand in October .PERIOD  (wsjp890114463)
The economists forecast a zero .point one %PERCENT rise in the unemployment rate to five .point four %PERCENT .PERIOD  (wsjp890114464)
Although final details weren't available ,COMMA sources said the Dingell plan would abandon the president's proposal for a cap on utilities' sulfur -HYPHEN dioxide emissions .PERIOD  (wsjp890114931)
That proposal had been hailed by environmentalists but despised by utilities because they feared it would limit their growth .PERIOD  (wsjp890114932)
It also would junk an innovative market -HYPHEN based system for trading emissions credits among polluters .PERIOD  (wsjp890114933)
Stock -HYPHEN index arbitrage --DASH Buying or selling baskets of stocks while at the same time executing offsetting trades in stock -HYPHEN index futures or options .PERIOD  (wsjp890115061)
Traders profit by trying to capture fleeting price discrepancies between stocks and the index futures or options .PERIOD  (wsjp890115062)
If stocks are temporarily "DOUBLE-QUOTE cheaper "DOUBLE-QUOTE than futures ,COMMA for example ,COMMA an arbitrager will buy stocks and sell futures .PERIOD  (wsjp890115063)
U. A. L.'s announcement came after the market closed yesterday .PERIOD  (wsjp890115191)
In composite New York Stock Exchange trading ,COMMA the shares closed at one hundred seventy seven dollars ,COMMA up one dollar and fifty cents .PERIOD  (wsjp890115192)
U. A. L. wouldn't elaborate on a statement that it had been notified of the filing by Reliance .PERIOD  (wsjp890115193)
Reliance confirmed the filing but wouldn't elaborate .PERIOD  (wsjp890115194)
Williams ,COMMA Duluth ,COMMA Georgia ,COMMA is an insurance and financial -HYPHEN services holding company .PERIOD  (wsjp890115261)
Its subsidiaries' services are marketed by closely held A. L. Williams &AMPERSAND Associates .PERIOD  (wsjp890115262)
Primerica ,COMMA as expected ,COMMA also acquired certain assets of the agency and assumed certain of its liabilities .PERIOD  (wsjp890115263)
Terms weren't disclosed .PERIOD  (wsjp890115264)
Dunkin' has set November ten as the deadline for the receipt of any competing bids .PERIOD  (wsjp890115901)
D. D. Acquisition said the extension is to allow this process to be completed .PERIOD  (wsjp890115902)
Dunkin' is based in Randolph ,COMMA Massachusetts .PERIOD  (wsjp890115903)
Cara ,COMMA a food services chain operator and Unicorp ,COMMA a holding company ,COMMA are based in Toronto .PERIOD  (wsjp890115904)
Transamerica said third -HYPHEN quarter investment gains were ten .point two million dollars ,COMMA compared with six .point four million dollars the year earlier .PERIOD  (wsjp890116431)
It said insurance profit reflected a six million dollars loss from Hurricane Hugo .PERIOD  (wsjp890116432)
It also estimated that losses from the October seventeen earthquake in California would be no more than six million dollars ,COMMA and would be included in fourth -HYPHEN quarter results .PERIOD  (wsjp890116433)
A second ship is now expected to be delivered late next year or early in nineteen ninety one .PERIOD  (wsjp890116591)
Carnival had expected that ship to be delivered next fall .PERIOD  (wsjp890116592)
A planned third ship still may be built in the Finnish shipyard ,COMMA or may be built elsewhere ,COMMA Carnival said .PERIOD  (wsjp890116593)
Valley Federal is currently being examined by regulators .PERIOD  (wsjp890116641)
New loans continue to slow ;SEMI-COLON they were six .point six million dollars in the quarter compared with three hundred sixty one .point eight million dollars a year ago .PERIOD  (wsjp890116642)
The thrift has assets of three .point two billion dollars .PERIOD  (wsjp890116643)
Thousands of East Germans fled to Czechoslovakia after the East Berlin government lifted travel restrictions .PERIOD  (wsjp890116771)
The ban on cross -HYPHEN border movement was imposed last month after a massive exodus of emigres to West Germany .PERIOD  (wsjp890116772)
Also ,COMMA a Communist official for the first time said the future of the Berlin Wall could be open to discussion .PERIOD  (wsjp890116773)
Health officials plan to extend a moratorium on federal funding of research involving fetal -HYPHEN tissue transplants .PERIOD  (wsjp890116791)
The assistant H. H. S. secretary said the ban "DOUBLE-QUOTE should be continued indefinitely .PERIOD "DOUBLE-QUOTE  (wsjp890116792)
While researchers believe such transplants could help treat diseases like Alzheimer's ,COMMA anti -HYPHEN abortionists oppose the research .PERIOD  (wsjp890116793)
South Africa accused armed Namibian nationalist guerrillas of crossing from bases in neighboring Angola ,COMMA violating U. N. -HYPHEN supervised peace plans for the territory's independence from Pretoria .PERIOD  (wsjp890116851)
South African troops were placed on alert .PERIOD  (wsjp890116852)
Guerrilla leaders said Pretoria was attempting to sabotage next week's elections in Namibia .PERIOD  (wsjp890116853)
Still unresolved is Sony's effort to hire producers Jon Peters and Peter Guber to run the studio .PERIOD  (wsjp890117031)
Sony's planned acquisition of Guber /SLASH Peters Entertainment Company for two hundred million dollars is scheduled to close Monday .PERIOD  (wsjp890117032)
Guber /SLASH Peters has been locked in litigation with Warner Communications Incorporated in an attempt to get out of an exclusive production contract with Warner .PERIOD  (wsjp890117033)
Both sides are in talks to settle the dispute .PERIOD  (wsjp890117034)
Sales rose eleven %PERCENT to two hundred ninety two .point three two billion yen from two hundred sixty three .point oh seven billion yen .PERIOD  (wsjp890117101)
Net income surged thirty one %PERCENT to seven .point six three billion yen from five .point eight two billion yen .PERIOD  (wsjp890117102)
Per -HYPHEN share net rose to seven .point eight four yen from six .point five three yen .PERIOD  (wsjp890117103)
ECONOMIC GROWTH APPEARS to be leveling off ,COMMA latest reports suggest .PERIOD  (wsjp890117141)
Factory orders and construction outlays were largely flat in September ,COMMA while purchasing agents said manufacturing shrank further in October .PERIOD  (wsjp890117142)
Still ,COMMA many economists aren't predicting a recession anytime soon .PERIOD  (wsjp890117143)
But in recent days ,COMMA Columbia has edged up ,COMMA closing at five and one quarter ,COMMA up three eighths ,COMMA yesterday on revived speculation that the thrift might restructure .PERIOD  (wsjp890117511)
Mr. Spiegel's fans say Columbia's Southern California branches are highly salable ,COMMA and the thrift has four hundred fifty eight million dollars of shareholders equity underlying its assets .PERIOD  (wsjp890117512)
That's almost ten dollars of equity for each Columbia share ,COMMA including convertible preferred shares ,COMMA though more junk markdowns would reduce the cushion .PERIOD  (wsjp890117513)
Columbia has only about ten million common shares in public hands .PERIOD  (wsjp890117521)
The Spiegel family has twenty five %PERCENT of the common and seventy five %PERCENT of the votes .PERIOD  (wsjp890117522)
Other big common holders are Carl Lindner's American Financial ,COMMA investor Irwin Jacobs and Pacific Financial Research ,COMMA though the latter cut its stake this summer .PERIOD  (wsjp890117523)
Columbia won't comment on all the speculation .PERIOD  (wsjp890117541)
But like other thrifts ,COMMA it's expected to seek regulators' consent to create a distinct junk -HYPHEN bond entity .PERIOD  (wsjp890117542)
Plans to do this are due to be filed in a week or so .PERIOD  (wsjp890117543)
According to Upjohn's estimates ,COMMA only fifty %PERCENT to sixty %PERCENT of the one thousand ,COMMA one hundred eligible employees will take advantage of the plan .PERIOD  (wsjp890118011)
Upjohn further estimated that about fifty %PERCENT of the employees who leave for early retirement may be replaced .PERIOD  (wsjp890118012)
As a result ,COMMA Upjohn will likely trim only about two hundred seventy five to three hundred fifty of its more than twenty one thousand jobs world -HYPHEN wide .PERIOD  (wsjp890118013)
Companies listed below reported quarterly profit substantially different from the average of analysts' estimates .PERIOD  (wsjp890118401)
The companies are followed by at least three analysts ,COMMA and had a minimum five -HYPHEN cent change in actual earnings per share .PERIOD  (wsjp890118402)
Estimated and actual results involving losses are omitted .PERIOD  (wsjp890118403)
And it isn't clear that the Soviet Union will stay on its record buying pace .PERIOD  (wsjp890118631)
The Soviet orders were compressed into the month of October because of delays .PERIOD  (wsjp890118632)
The Soviet Union usually begins buying U. S. crops earlier in the fall .PERIOD  (wsjp890118633)
But its purchases apparently were delayed by a reorganization of its agricultural bureaucracy as well as budget problems .PERIOD  (wsjp890118634)
ENERGY :COLON Crude oil futures prices increased in moderate trading ,COMMA but much of the action was in heating oil .PERIOD  (wsjp890118651)
Prices rose on the news that a sizable West German refinery was damaged in a fire ,COMMA tightening an already tight European market .PERIOD  (wsjp890118652)
Heating oil for November delivery ended at fifty eight .point six four cents a gallon ,COMMA up one cent on the New York Mercantile Exchange .PERIOD  (wsjp890118653)
West Texas Intermediate for December delivery advanced twenty two cents to nineteen dollars and ninety four cents a barrel .PERIOD  (wsjp890118654)
Gasoline futures continued a sell -HYPHEN off that began Monday .PERIOD  (wsjp890118655)
Among segments that continue to operate ,COMMA though ,COMMA the company's steel division continued to suffer from soft demand for its tubular goods serving the oil industry and other markets .PERIOD  (wsjp890118731)
Peter Marcus ,COMMA an analyst with PaineWebber Incorporated ,COMMA said that a downturn in the appliance industry ,COMMA coupled with sluggish automotive sales ,COMMA hurt U. S. X. results .PERIOD  (wsjp890118732)
Moreover ,COMMA U. S. X. exports more than other steelmakers ,COMMA and the overseas market has been under more severe pricing pressure .PERIOD  (wsjp890118733)
The energy segment ,COMMA with a fifteen %PERCENT rise in operating profit ,COMMA is clearly the company's strongest .PERIOD  (wsjp890118781)
Higher crude oil prices helped boost operating profit for the Marathon Oil Company unit to one hundred ninety eight million dollars from one hundred eighty million dollars .PERIOD  (wsjp890118782)
The Texas Oil &AMPERSAND Gas division continues to operate in the red ,COMMA although losses narrowed to nine million dollars from fifteen million dollars .PERIOD  (wsjp890118783)
U. S. X. announced in October that it was soliciting bids to sell T. X. O.'s oil and gas reserves .PERIOD  (wsjp890118784)
BELL INDUSTRIES Incorporated increased its quarterly to ten cents from seven cents a share .PERIOD  (wsjp890118961)
The new rate will be payable February fifteen .PERIOD  (wsjp890118962)
A record date hasn't been set .PERIOD  (wsjp890118963)
Bell ,COMMA based in Los Angeles ,COMMA makes and distributes electronic ,COMMA computer and building products .PERIOD  (wsjp890118964)
Many investors wrote asking the S. E. C. to require insiders to report their purchases and sales immediately ,COMMA not a month later .PERIOD  (wsjp890119111)
But Mr. Lane said that while the S. E. C. regulates who files ,COMMA the law tells them when to do so .PERIOD  (wsjp890119112)
Investors who want to change the required timing should write their representatives in Congress ,COMMA he added .PERIOD  (wsjp890119113)
The S. E. C. would likely be amenable to legislation that required insiders to file transactions on a more timely basis ,COMMA he said .PERIOD  (wsjp890119114)
Both funds are expected to begin operation around March one ,COMMA subject to Securities and Exchange Commission approval .PERIOD  (wsjp890119141)
For its employees to sign up for the options ,COMMA a college also must approve the plan .PERIOD  (wsjp890119142)
Some four thousand ,COMMA three hundred institutions are part of the pension fund .PERIOD  (wsjp890119143)
The new "DOUBLE-QUOTE social choice "DOUBLE-QUOTE fund will shun securities of companies linked to South Africa ,COMMA nuclear power and in some cases ,COMMA Northern Ireland .PERIOD  (wsjp890119161)
Also excluded will be investments in companies with "DOUBLE-QUOTE significant "DOUBLE-QUOTE business stemming from weapons manufacture ,COMMA alcoholic beverages or tobacco .PERIOD  (wsjp890119162)
Sixty percent of the fund will be invested in stocks ,COMMA with the rest going into bonds or short -HYPHEN term investments .PERIOD  (wsjp890119163)
The clash is a sign of a new toughness and divisiveness in Japan's once -HYPHEN cozy financial circles .PERIOD  (wsjp890119591)
Not only are Japan's financial institutions putting their enormous clout to work ;SEMI-COLON increasingly they're squaring off against one another in unprecedented public fashion .PERIOD  (wsjp890119592)
Already ,COMMA the consequences are being felt by other players in the financial markets --DASH even governments .PERIOD  (wsjp890119593)
John A. Conlon Junior ,COMMA forty five ,COMMA was named a managing director at this investment -HYPHEN banking company .PERIOD  (wsjp890119721)
He will be in charge of research ,COMMA equity sales and trading ,COMMA and the syndicate operation of Rothschild .PERIOD  (wsjp890119722)
Mr. Conlon was executive vice president and director of the equity division of the international division of Nikko Securities Company .PERIOD  (wsjp890119723)
FEDERAL FUNDS :COLON nine %PERCENT high ,COMMA eight and thirteen sixteenths %PERCENT low ,COMMA eight and seven eighths %PERCENT near closing bid ,COMMA eight and fifteen sixteenths %PERCENT offered .PERIOD  (wsjp890120141)
Reserves traded among commercial banks for overnight use in amounts of one million dollars or more .PERIOD  (wsjp890120142)
Source :COLON Fulton Prebon (LEFT-PAREN U. S. A. )

In a statement ,COMMA Jaguar's board said they "DOUBLE-QUOTE were not consulted about the (LEFT-PAREN Ridley decision )

The statement emphasized that holders representing seventy five %PERCENT of the shares voting at a special shareholders' meeting must agree to lift the takeover restrictions .PERIOD  (wsjp890120462)
Jaguar officials in the U. S. noted that Ford ,COMMA as Jaguar's largest shareholder ,COMMA now has the power to call for such a meeting .PERIOD  (wsjp890120463)
Ford officials in the U. S. declined to comment on the British government's action or on any plans to call a special Jaguar shareholders meeting .PERIOD  (wsjp890120481)
But G. M. officials said they ,COMMA too ,COMMA were surprised by the move ,COMMA which left them to "DOUBLE-QUOTE consider all our options and explore matters further .PERIOD "DOUBLE-QUOTE  (wsjp890120482)
Although G. M. has U. S. approval to buy up to fifteen %PERCENT of Jaguar's stock ,COMMA it hasn't yet disclosed how many shares it now owns .PERIOD  (wsjp890120483)
At the same time ,COMMA the government didn't want to appear to favor G. M. by allowing a minority stake that might preclude a full bid by Ford .PERIOD  (wsjp890120531)
Mr. Ridley hinted at this motive in answering questions from members of Parliament after his announcement .PERIOD  (wsjp890120532)
He said he was giving up the golden share "DOUBLE-QUOTE to clear the way so the playing field is level between all contestants .PERIOD "DOUBLE-QUOTE  (wsjp890120533)
A fund manager at a life -HYPHEN insurance company said three factors make it difficult to read market direction .PERIOD  (wsjp890120801)
First ,COMMA he said ,COMMA domestic interest rates are likely to stay at higher levels as increased anticipation of inflation followed rising consumer prices reported last week .PERIOD  (wsjp890120802)
Second ,COMMA the dollar is showing persistent strength despite a slowdown in the U. S. economy shown by economic indicators .PERIOD  (wsjp890120803)
The topic that attracted participants' attention was Mitsubishi Estate's purchase of fifty one %PERCENT of Rockefeller Center Properties ,COMMA announced late Monday in New York .PERIOD  (wsjp890120821)
Mitsubishi Estate ended the day at two thousand ,COMMA six hundred eighty ,COMMA up one hundred fifty .PERIOD  (wsjp890120822)
The gains also sparked buying interest in other real -HYPHEN estate companies ,COMMA traders said .PERIOD  (wsjp890120823)
Sumitomo Realty &AMPERSAND Development rose forty to two thousand ,COMMA one hundred seventy .PERIOD  (wsjp890120824)
Heiwa Real Estate gained forty to two thousand ,COMMA two hundred ten .PERIOD  (wsjp890120825)
Here are price trends on the world's major stock markets ,COMMA as calculated by Morgan Stanley Capital International Perspective ,COMMA Geneva .PERIOD  (wsjp890120981)
To make them directly comparable ,COMMA each index is based on the close of nineteen sixty nine equaling one hundred .PERIOD  (wsjp890120982)
The percentage change is since year -HYPHEN end .PERIOD  (wsjp890120983)
A breakdown showed that food prices were the most active part of growth with a rise of zero .point six %PERCENT .PERIOD  (wsjp890121011)
An official linked the gain essentially to higher prices for beef and pork .PERIOD  (wsjp890121012)
He said summer drought problems that had hit several southern agricultural regions had stopped being a major source of price pressure in September .PERIOD  (wsjp890121013)
"DOUBLE-QUOTE This week was uneventful for the C. D. market ,COMMA "DOUBLE-QUOTE said Norberto Mehl ,COMMA chairman of Banxquote .PERIOD  (wsjp890121161)
"DOUBLE-QUOTE The major banks haven't even reacted to sharp rises in the three -HYPHEN month Treasury bill rates "DOUBLE-QUOTE in the past two weeks .PERIOD  (wsjp890121162)
Banks that adjusted payouts on C. D.s in the most recent week made only fractional moves ,COMMA he said .PERIOD  (wsjp890121163)
The C. D. trend runs counter to the direction of short -HYPHEN term interest rates at the Treasury bill auction Monday .PERIOD  (wsjp890121171)
The average six -HYPHEN month bill was sold with a yield of eight .point oh four %PERCENT ,COMMA up from seven .point nine oh %PERCENT .PERIOD  (wsjp890121172)
The average three -HYPHEN month issue rose to eight .point oh five %PERCENT from seven .point seven seven %PERCENT .PERIOD  (wsjp890121173)
However ,COMMA C. D.s sold through major broker -HYPHEN dealer networks were up slightly almost across the board .PERIOD  (wsjp890121201)
The average six -HYPHEN month C. D. in that category added zero .point zero five percentage point to eight .point three five %PERCENT ,COMMA for example .PERIOD  (wsjp890121202)
Mr. Mehl attributed the rise specifically to the Treasury bill increase .PERIOD  (wsjp890121203)
Among the major banks surveyed by Banxquote in six regions of the country ,COMMA eight .point three three %PERCENT is the highest yield available .PERIOD  (wsjp890121211)
It is offered by the flagship banks of New York's Manufacturers Hanover Corporation in the one -HYPHEN year maturity only .PERIOD  (wsjp890121212)
The yield is offered across a range of maturities at San Francisco's BankAmerica Corporation and Wells Fargo &AMPERSAND Company .PERIOD  (wsjp890121213)
Just two weeks ago ,COMMA BankAmerica's yields in many of those maturities was eight .point six one %PERCENT .PERIOD  (wsjp890121214)
The index of leading indicators got a major boost in September from a surge in consumer expectations as measured by the University of Michigan .PERIOD  (wsjp890122321)
This measure had dropped sharply in August .PERIOD  (wsjp890122322)
The Commerce Department said that as a result of a new adjustment to the formula used to calculate the index ,COMMA the influence of this component has been reduced .PERIOD  (wsjp890122323)
Bids totaling four hundred seventy five million dollars were submitted .PERIOD  (wsjp890122451)
Accepted bids ranged from eight %PERCENT to eight .point oh one nine %PERCENT .PERIOD  (wsjp890122452)
The bank holding company will auction another fifty million dollars in each maturity next Tuesday .PERIOD  (wsjp890122453)
The F. B. I. initially showed little interest ,COMMA and he had the impression other federal security agencies were tangled up in legal red tape .PERIOD  (wsjp890122531)
The C. I. A. told him it does not do domestic counterespionage .PERIOD  (wsjp890122532)
One learns a lot from this book ,COMMA or seems to ,COMMA about crippling federal bureaucracy .PERIOD  (wsjp890122533)
"DOUBLE-QUOTE Seems to "DOUBLE-QUOTE because it's possible that the C. I. A. and the National Security Agency were more interested than they let on to Mr. Stoll .PERIOD  (wsjp890122534)
The new Mips machine ,COMMA called the R. C. sixty two eighty ,COMMA will cost one hundred fifty thousand dollars for a basic system .PERIOD  (wsjp890122601)
The computer processes fifty five million instructions per second and uses only one central processing chip ,COMMA unlike many rival machines using several processors .PERIOD  (wsjp890122602)
The machine employs reduced instruction -HYPHEN set computing ,COMMA or RISC ,COMMA technology .PERIOD  (wsjp890122603)
Mips will start shipping its new machine in the first quarter of nineteen ninety ,COMMA he said .PERIOD  (wsjp890122681)
The machine uses a single processor ,COMMA which makes it easier to program than competing machines using several processors .PERIOD  (wsjp890122682)
The computer can process thirteen .point three million calculations called floating -HYPHEN point operations every second .PERIOD  (wsjp890122683)
The machine can run software written for other Mips computers ,COMMA the company said .PERIOD  (wsjp890122684)
The R. T. C. has projected that it will require between fifty billion dollars to one hundred billion dollars in temporary working capital .PERIOD  (wsjp890122731)
The borrowing to raise these funds would be paid off as assets of sick thrifts are sold .PERIOD  (wsjp890122732)
The new S. &AMPERSAND L. law allows the R. T. C. to issue notes for as much as eighty five %PERCENT of the value of the assets it holds .PERIOD  (wsjp890122733)
Baskets of roses and potted palms adorned his bench .PERIOD  (wsjp890123091)
The local American Legion color guard led the way .PERIOD  (wsjp890123092)
As the judge marched down the center aisle in his flowing black robe ,COMMA he was heralded by a trumpet fanfare .PERIOD  (wsjp890123093)
To many ,COMMA it was a ceremony more befitting a king than a rural judge seated in the isolated foothills of the southern Allegheny Mountains .PERIOD  (wsjp890123101)
But then Judge O'Kicki often behaved like a man who would be king --DASH and ,COMMA some say ,COMMA an arrogant and abusive one .PERIOD  (wsjp890123102)
While his case may be extreme ,COMMA it reflects the vulnerability of many small communities to domineering judges .PERIOD  (wsjp890123103)
Some of the allegations are simply bizarre .PERIOD  (wsjp890123151)
Two former secretaries told the grand jury they were summoned to the judge's chambers on separate occasions to take dictation ,COMMA only to find the judge in his bikini underwear .PERIOD  (wsjp890123152)
One secretary testified that the judge once called her to his office while wearing nothing at all .PERIOD  (wsjp890123153)
Certainly not the lawyers .PERIOD  (wsjp890123261)
Johnstown attorney Richard J. Green Junior shelled out five hundred dollars in loans to the judge over five years ,COMMA he said in testimony to the grand jury .PERIOD  (wsjp890123262)
"DOUBLE-QUOTE The judge never made a pretense of repaying the money ,COMMA "DOUBLE-QUOTE said Mr. Green .PERIOD  (wsjp890123263)
Eventually ,COMMA Mr. Green testified ,COMMA he began ducking out of his office rather than face the judge when he visited .PERIOD  (wsjp890123264)
Appalled ,COMMA Mr. Green never paid the money ,COMMA he testified .PERIOD  (wsjp890123291)
But he didn't complain to the state's Judicial Inquiry and Review Board ,COMMA either ,COMMA saying later that he feared retribution .PERIOD  (wsjp890123292)
Mr. O'Kicki said he will respond to Mr. Green's allegation at his trial .PERIOD  (wsjp890123293)
The incident wasn't the only time the judge got special treatment from his local bank .PERIOD  (wsjp890123451)
Two years later ,COMMA he wrote to complain that the interest he was paying on an unsecured ten thousand dollars loan was "DOUBLE-QUOTE absolutely onerous .PERIOD "DOUBLE-QUOTE  (wsjp890123452)
Paul L. Kane ,COMMA Laurel's president at the time ,COMMA quickly responded .PERIOD  (wsjp890123453)
The bank ,COMMA he wrote back ,COMMA was "DOUBLE-QUOTE immediately "DOUBLE-QUOTE lowering the rate by three .point five %PERCENT ,COMMA "DOUBLE-QUOTE as a concession to you .PERIOD "DOUBLE-QUOTE  (wsjp890123454)
The judge says he is confident he will return to his old bench .PERIOD  (wsjp890123471)
Already ,COMMA he notes ,COMMA the seventy six charges originally filed against him have been trimmed to twenty seven .PERIOD  (wsjp890123472)
Most of the allegations no longer pending were ethics charges withdrawn by state prosecutors as part of a pre -HYPHEN trial agreement .PERIOD  (wsjp890123473)
The heart of the case --DASH "DOUBLE-QUOTE official oppression "DOUBLE-QUOTE --DASH remains intact .PERIOD  (wsjp890123474)
Federal Home Loan Mortgage Corporation --DASH five hundred million dollars of Remic mortgage securities is being offered in eleven classes by a Morgan Stanley group .PERIOD  (wsjp890123631)
The offering ,COMMA Series one hundred nine ,COMMA is backed by Freddie Mac ten %PERCENT securities .PERIOD  (wsjp890123632)
Complete details weren't immediately available .PERIOD  (wsjp890123633)
But there is a risk ,COMMA which the Japanese discovered when they first dipped their toes into the market nearly five years ago .PERIOD  (wsjp890123911)
Since most mortgages can be prepaid or refinanced at any time ,COMMA issuers of mortgage securities retain the right to buy back their bonds before maturity .PERIOD  (wsjp890123912)
That's a headache for long -HYPHEN term investors ,COMMA since it forces them to reinvest their money --DASH usually at lower rates than the original mortgage securities carried .PERIOD  (wsjp890123913)
Compounding the trouble to Japanese investors ,COMMA mortgage securities pay interest monthly ,COMMA since most mortgages require homeowners to make monthly payments .PERIOD  (wsjp890123931)
But Japanese institutional investors are used to quarterly or semiannual payments on their investments ,COMMA so the monthly cash flow posed administrative problems .PERIOD  (wsjp890123932)
As a result ,COMMA Japanese investors steered clear of the mortgage securities .PERIOD  (wsjp890123933)
If the answers to these questions are affirmative ,COMMA then institutional investors are likely to be favorably disposed toward a specific poison pill .PERIOD  (wsjp890124011)
However ,COMMA the problem is that once most poison pills are adopted ,COMMA they survive forever .PERIOD  (wsjp890124012)
Although the current management team may be outstanding ,COMMA who will be the C. E. O. in ten years ?QUESTION-MARK  (wsjp890124013)
Although the five -HYPHEN year strategy may be excellent ,COMMA what will be the strategy in twenty five years ?QUESTION-MARK  (wsjp890124014)
Another interesting example is the poison pill adopted recently by Pittsburgh -HYPHEN based National Intergroup Incorporated ,COMMA a diversified holding company .PERIOD  (wsjp890124041)
The State of Wisconsin Investment Board ,COMMA which owned about seven %PERCENT of the company's voting stock ,COMMA worked with management to devise a time -HYPHEN limited poison pill .PERIOD  (wsjp890124042)
This pill automatically expires after three years unless continued by a vote of the shareholders .PERIOD  (wsjp890124043)
Enfield is a holding company with interests in manufacturing concerns .PERIOD  (wsjp890124141)
It is thirty eight .point five %PERCENT owned by Canadian Express ,COMMA another holding company .PERIOD  (wsjp890124142)
Hees is a merchant bank controlled by Toronto financiers Peter and Edward Bronfman .PERIOD  (wsjp890124143)
All the concerns are based in Toronto .PERIOD  (wsjp890124144)
But to Mitsubishi Estate ,COMMA the acquisition has just the elements that should win support from both sides .PERIOD  (wsjp890124241)
First of all ,COMMA it is a friendly acquisition in which Rockefeller sought out Mitsubishi Estate and asked it to buy a majority share .PERIOD  (wsjp890124242)
Secondly ,COMMA the two companies found a similarity in their business and development philosophies and intend to cooperate in a range of activities from real estate to telecommunications .PERIOD  (wsjp890124243)
Finally ,COMMA Mitsubishi Estate has no plans to interfere with Rockefeller's management beyond taking a place on the board .PERIOD  (wsjp890124244)
Rockefeller isn't the first overseas purchase for Mitsubishi Estate --DASH it has already played a leading role in designing Los Angeles's Citicorp Plaza .PERIOD  (wsjp890124321)
But the Rockefeller investment is its largest .PERIOD  (wsjp890124322)
Nonetheless ,COMMA it will barely make a dent in Mitsubishi Estate's finances ,COMMA analysts say .PERIOD  (wsjp890124323)
Sony is acquiring Columbia and Guber -HYPHEN Peters Entertainment Company in two separate transactions valued at more than five billion dollars .PERIOD  (wsjp890124391)
Warner Communications Incorporated ,COMMA which is being acquired by Time Warner ,COMMA has filed a one billion dollars breach -HYPHEN of -HYPHEN contract suit against Sony and the two producers .PERIOD  (wsjp890124392)
Warner has a five -HYPHEN year exclusive contract with Mr. Guber and Mr. Peters that requires them to make movies exclusively at the Warner Brothers studio .PERIOD  (wsjp890124393)
Both Warner and Sony declined to comment on the terms of the settlement discussions .PERIOD  (wsjp890124411)
But the people familiar with the talks said that Warner isn't expected to get any cash in the settlement .PERIOD  (wsjp890124412)
Instead ,COMMA Sony is likely to agree to let Warner participate in certain of its businesses ,COMMA such as the record club of Sony's C. B. S. Records unit .PERIOD  (wsjp890124413)
Warner has surpassed Sony as the largest record company ,COMMA but it doesn't have a powerful world -HYPHEN wide record club like C. B. S. .PERIOD  (wsjp890124414)
In a statement ,COMMA Southern Company President Edward L. Addison said ,COMMA "DOUBLE-QUOTE We believe our decision to plead (LEFT-PAREN guilty )

And our action today will allow Gulf Power to avoid prolonged ,COMMA distracting legal proceedings .PERIOD "DOUBLE-QUOTE  (wsjp890124552)
He did not say what effect ,COMMA if any ,COMMA the five hundred thousand dollars fine would have on the company's earnings .PERIOD  (wsjp890124553)
But at a time of mounting concern over alcohol abuse ,COMMA some liquor marketers consider Seagram's frequent buyer promotion risky .PERIOD  (wsjp890124651)
"DOUBLE-QUOTE I'm surprised they're doing this ,COMMA "DOUBLE-QUOTE says Penn Kavanagh ,COMMA president of Schieffelin &AMPERSAND Somerset Company ,COMMA which markets Johnnie Walker scotches .PERIOD  (wsjp890124652)
"DOUBLE-QUOTE I would be very leery of anything that says if you drink more ,COMMA you get more .PERIOD "DOUBLE-QUOTE  (wsjp890124653)
Chivas Class isn't the first such promotion .PERIOD  (wsjp890124671)
Last year ,COMMA J. &AMPERSAND B. Scotch offered five hundred T. W. A. frequent flier miles in exchange for a label .PERIOD  (wsjp890124672)
And Dewar's gave discounts on Scottish merchandise to people who sent in bottle labels .PERIOD  (wsjp890124673)
Seagram says the promotion is designed to build brand loyalty rather than promote heavy drinking .PERIOD  (wsjp890124691)
Seagram asks customers to buy only two or three bottles over a twelve -HYPHEN month period ,COMMA says Richard Shaw ,COMMA vice president of U. S. direct marketing .PERIOD  (wsjp890124692)
"DOUBLE-QUOTE We're not asking them to save up fifty proof -HYPHEN of -HYPHEN purchases .PERIOD  (wsjp890124693)
We're not saying drink more ,COMMA we're saying trade up .PERIOD "DOUBLE-QUOTE  (wsjp890124694)
FOR YEARS ,COMMA costume jewelry makers fought a losing battle .PERIOD  (wsjp890124781)
Jewelry displays in department stores were often cluttered and uninspired .PERIOD  (wsjp890124782)
And the merchandise was ,COMMA well ,COMMA fake .PERIOD  (wsjp890124783)
The South Korean government is signing a protocol today establishing formal diplomatic relations with Poland .PERIOD  (wsjp890125291)
The two are also signing a trade agreement .PERIOD  (wsjp890125292)
South Korean government officials said they don't expect that Seoul can loan money to Warsaw ,COMMA but it can "DOUBLE-QUOTE offer experience .PERIOD "DOUBLE-QUOTE  (wsjp890125293)
Poland is the second Communist nation to recognize the Seoul government ;SEMI-COLON South Korea established diplomatic relations with Hungary in February nineteen eighty nine .PERIOD  (wsjp890125294)
Nissan's market share in Japan had been dropping year by year since the beginning of the decade .PERIOD  (wsjp890125721)
Its U. S. sales sagged ,COMMA partly because of price increases due to the rising yen .PERIOD  (wsjp890125722)
Worst of all ,COMMA Nissan was preoccupied with management infighting ,COMMA cronyism and corporate rigidity .PERIOD  (wsjp890125723)
But Nissan expects to earn only one hundred twenty billion yen in the current fiscal year ,COMMA a modest increase of four .point seven %PERCENT .PERIOD  (wsjp890125911)
The big reason :COLON For all its cost -HYPHEN cutting ,COMMA Nissan remains less efficient than Toyota .PERIOD  (wsjp890125912)
In its last fiscal year ,COMMA Nissan's profit represented just two .point three %PERCENT of sales ,COMMA compared with four .point three %PERCENT at Toyota .PERIOD  (wsjp890125913)
To help close the gap ,COMMA Nissan recently established a top -HYPHEN level cost -HYPHEN cutting committee .PERIOD  (wsjp890125914)
Perhaps the biggest challenge ,COMMA however ,COMMA will be to prevent a return to its former corporate rigidity as its recovery continues .PERIOD  (wsjp890125951)
Already ,COMMA personnel officials are talking about the need for a "DOUBLE-QUOTE Phase Two "DOUBLE-QUOTE cultural -HYPHEN reform effort of some sort .PERIOD  (wsjp890125952)
"DOUBLE-QUOTE We are still only half way through the turnaround of this company ,COMMA and there are many more things to do ,COMMA "DOUBLE-QUOTE President Kume says .PERIOD  (wsjp890125953)
He adds ,COMMA however ,COMMA that "DOUBLE-QUOTE the momentum we have generated is unstoppable .PERIOD "DOUBLE-QUOTE  (wsjp890125954)
Despite the informal nature of the session and the calculated effort to hold down expectations ,COMMA the meeting could pay significant political dividends for both leaders .PERIOD  (wsjp890126031)
Mr. Gorbachev badly needs a diversion from the serious economic problems and ethnic unrest he faces at home .PERIOD  (wsjp890126032)
American officials have said that a meeting with the leader of the U. S. could help bolster his stature among Soviet politicians and academics ,COMMA whose support he needs .PERIOD  (wsjp890126033)
Instead ,COMMA this official said ,COMMA "DOUBLE-QUOTE This is vintage George Bush .PERIOD  (wsjp890126131)
This was George Bush's own idea .PERIOD  (wsjp890126132)
It's George Bush wanting to meet a foreign leader and talk to him directly .PERIOD "DOUBLE-QUOTE  (wsjp890126133)
Where non -HYPHEN violent civil disobedience is the centerpiece ,COMMA rather than a lawful demonstration that may only attract crime ,COMMA it is difficult to justify .PERIOD  (wsjp890126311)
Some find no harm in the misdemeanors of trespass ,COMMA minor property destruction ,COMMA blocking traffic and the like .PERIOD  (wsjp890126312)
They say these are small prices to pay for galvanizing action for the all -HYPHEN important cause .PERIOD  (wsjp890126313)
The crimes may appear small ,COMMA but the prices can be huge .PERIOD  (wsjp890126314)
Here are two cases to illustrate .PERIOD  (wsjp890126315)
Assume a neighborhood demonstration to protest speeding on a certain road or a careless accident involving a police car .PERIOD  (wsjp890126321)
The protesters lie down in the street ,COMMA blocking traffic ,COMMA and will not move until the authorities carry them away .PERIOD  (wsjp890126322)
Assume that someone caught in the jam has a heart attack .PERIOD  (wsjp890126323)
There is no way to get an ambulance in quickly to move him to a hospital .PERIOD  (wsjp890126324)
He dies .PERIOD  (wsjp890126325)
The demonstration was non -HYPHEN violent and involved only a simple misdemeanor ,COMMA but its impact on that individual was violent and terminal .PERIOD  (wsjp890126326)
Long -HYPHEN debated proposals to simplify the more than one hundred fifty civil penalties and make them fairer and easier to administer are in the House tax bill .PERIOD  (wsjp890126551)
But they were stripped from the Senate bill after staffers estimated penalty revenue would fall by two hundred sixteen million dollars over five years .PERIOD  (wsjp890126552)
Still ,COMMA congressional aides say penalty reform is a strong candidate for enactment ,COMMA even if not this time around ,COMMA although some provisions may be modified .PERIOD  (wsjp890126553)
I. R. A. BALANCES could be used to qualify for bank services under a bill entered by Reps .PERIOD  (wsjp890126621)
Chandler (LEFT-PAREN R. ,COMMA Washington )

The bill would thwart a recent Labor Department opinion that investing individual -HYPHEN retirement -HYPHEN account funds to earn free checking violates the law .PERIOD  (wsjp890126623)
That may leave a lot of leeway for U. S. Bankruptcy Judge Burton R. Lifland to decide what ,COMMA if anything ,COMMA the pilots actually collect .PERIOD  (wsjp890126741)
In August ,COMMA he issued the ruling that let the pilots pursue their back -HYPHEN pay grievance before the arbitrator .PERIOD  (wsjp890126742)
The pilots' contract with Eastern calls for a mutually acceptable private arbitrator to resolve such grievances .PERIOD  (wsjp890126743)
Eastern and its creditors are in the final ,COMMA delicate stages of negotiating a second reorganization plan to pay off the airline's debts .PERIOD  (wsjp890126781)
An earlier plan ,COMMA which had received the creditors' approval in July ,COMMA fell apart when Eastern changed its business plan .PERIOD  (wsjp890126782)
It isn't known whether the pilot claim was figured into either plan .PERIOD  (wsjp890126783)
Shortly after Texas Air took control of Eastern ,COMMA some Machinists union supervisors received a twenty %PERCENT pay raise .PERIOD  (wsjp890126801)
The pilots argued that this triggered a pay raise for them .PERIOD  (wsjp890126802)
Eastern has disputed the claim ,COMMA but a federal district court ,COMMA an appeals court and now the arbitrator have all sided with the pilots .PERIOD  (wsjp890126803)
Now ,COMMA after beating them ,COMMA Mr. Achenbaum is joining them .PERIOD  (wsjp890126851)
Backer Spielvogel Bates Worldwide named Mr. Achenbaum ,COMMA sixty two ,COMMA vice chairman of professional services ,COMMA reporting directly to Carl Spielvogel ,COMMA chairman and chief executive officer .PERIOD  (wsjp890126852)
He joins November thirteen ,COMMA dissolving his consulting firm ,COMMA Canter ,COMMA Achenbaum Associates .PERIOD  (wsjp890126853)
Ad agencies typically earned a straight fifteen %PERCENT commission ;SEMI-COLON if a client spent one hundred million dollars on T. V. time ,COMMA the agency made fifteen million dollars .PERIOD  (wsjp890126941)
But Mr. Achenbaum pioneered negotiated fees ,COMMA which often worked out to less than fifteen %PERCENT .PERIOD  (wsjp890126942)
More recently ,COMMA he negotiated "DOUBLE-QUOTE indemnification "DOUBLE-QUOTE clauses in which an ad agency in some cases must pay a client if it drops the account .PERIOD  (wsjp890126943)
He ultimately became so well -HYPHEN known for cutting compensation ,COMMA however ,COMMA that clients didn't seek him out for anything else .PERIOD  (wsjp890126951)
"DOUBLE-QUOTE I was very frustrated ,COMMA "DOUBLE-QUOTE he said .PERIOD  (wsjp890126952)
"DOUBLE-QUOTE The fact of the matter is ,COMMA I am a marketer .PERIOD  (wsjp890126953)
That's another reason {LEFT-BRACE for the Backer Spielvogel job }RIGHT-BRACE .PERIOD  (wsjp890126954)
It struck me as a way to get back to what I really want to do .PERIOD "DOUBLE-QUOTE  (wsjp890126955)
Mr. Spielvogel said Mr. Achenbaum will work with clients to determine the mix of promotion ,COMMA merchandising ,COMMA publicity and other marketing outlets ,COMMA and to integrate those services .PERIOD  (wsjp890126971)
He will concentrate on ,COMMA among others ,COMMA J. P. Morgan and Hyundai .PERIOD  (wsjp890126972)
Mr. Achenbaum helped Morgan in its recent agency search ,COMMA and he has a long relationship with Hyundai ,COMMA which is having severe troubles ,COMMA including declining sales .PERIOD  (wsjp890126973)
"DOUBLE-QUOTE The trail of revenue is increasingly going away from pure advertising ,COMMA and going towards other services ,COMMA "DOUBLE-QUOTE Mr. Spielvogel said .PERIOD  (wsjp890126981)
Instead of being just an ad agency ,COMMA he said :COLON "DOUBLE-QUOTE We have redefined our mission here .PERIOD  (wsjp890126982)
Our mission is to help our clients grow ,COMMA and to use every tool of marketing communications to accomplish that .PERIOD "DOUBLE-QUOTE  (wsjp890126983)
Mr. Mingo was chief executive officer of the Mingo Group ,COMMA which he founded in nineteen seventy seven and which created ads for the black market .PERIOD  (wsjp890127101)
Clients include Miller Brewing Company and General Motors .PERIOD  (wsjp890127102)
Mr. Mingo was hospitalized September twenty three and died Monday ,COMMA according to Samuel J. Chisholm ,COMMA the agency's president and chief operating officer .PERIOD  (wsjp890127103)
On military alternatives if the U. S. pulls back :COLON "DOUBLE-QUOTE The Soviets already are present .PERIOD  (wsjp890127251)
I suppose sooner or later ,COMMA the Japanese would have to fill up a large part of the gap on the naval side .PERIOD  (wsjp890127252)
Maybe the Chinese ,COMMA maybe even the Indians .PERIOD "DOUBLE-QUOTE  (wsjp890127253)
"DOUBLE-QUOTE What is the way forward ?QUESTION-MARK  (wsjp890127281)
To get the Khmer Rouge as part of a process for elections .PERIOD  (wsjp890127282)
And when they lose ,COMMA then we can expect China to stop aid .PERIOD  (wsjp890127283)
Let's put it bluntly .PERIOD  (wsjp890127284)
The Chinese cannot be seen to have made use of the Khmer Rouge and then discard them .PERIOD "DOUBLE-QUOTE  (wsjp890127285)
Doctor Levy's answer may come with a new kind of magnetic brain probe ,COMMA a device that he and dozens of U. S. researchers are studying with great hope .PERIOD  (wsjp890127351)
Besides holding the promise of safer spinal surgery ,COMMA the probe could improve the diagnosis of brain and nerve disorders such as strokes and multiple sclerosis .PERIOD  (wsjp890127352)
Perhaps most exciting ,COMMA the device is thrusting open a window to the workings of the brain .PERIOD  (wsjp890127353)
The field took off in nineteen eighty five after scientists at Britain's Sheffield University developed a handy ,COMMA compact magnet for brain stimulation .PERIOD  (wsjp890127391)
Since then ,COMMA at least two commercial versions have been put on the U. S. market ,COMMA and an estimated five hundred have been sold .PERIOD  (wsjp890127392)
In August ,COMMA a Chicago conference on such devices attracted more than one hundred researchers ,COMMA who reported studies on everything from brain mapping to physical therapy .PERIOD  (wsjp890127393)
The latest research pact bolsters Du Pont's growing portfolio of investments in superconductors .PERIOD  (wsjp890127541)
The Wilmington ,COMMA Delaware ,COMMA chemicals concern previously signed research superconductor agreements with Oak Ridge National Laboratory and with Argonne National Laboratory .PERIOD  (wsjp890127542)
Last year ,COMMA Du Pont agreed to pay four .point five million dollars for rights to superconductor work at the University of Houston .PERIOD  (wsjp890127543)
But Japanese investors say that their reluctance to invest stems not only from concerns about Mexico's economic outlook ,COMMA but also reservations about Mexico's recently revamped investment law .PERIOD  (wsjp890127681)
Unable to get a new law through a congress with a strong leftist bloc ,COMMA Mexico jury -HYPHEN rigged the existing law's regulations .PERIOD  (wsjp890127682)
It created special twenty -HYPHEN year trusts to allow foreigners one hundred %PERCENT ownership in some once -HYPHEN closed industries .PERIOD  (wsjp890127683)
It also made artful use of semantics ,COMMA redefining as non -HYPHEN strategic industries some that had been in the national domain .PERIOD  (wsjp890127684)
Indeed ,COMMA in early October the West German central bank raised its discount and Lombard rates by a full percentage point .PERIOD  (wsjp890127851)
Several other European central banks ,COMMA notably in Britain ,COMMA followed the West German Bundesbank's lead by raising their own key rates .PERIOD  (wsjp890127852)
And a week later ,COMMA Japan raised its official discount rate by a half point to three .point seven five %PERCENT .PERIOD  (wsjp890127853)
The Japanese discount rate is the central bank's base rate on loans to commercial banks .PERIOD  (wsjp890127854)
Started three years ago ,COMMA Chemical's interest -HYPHEN rate options group was a leading force in the field .PERIOD  (wsjp890128211)
From nineteen eighty seven to nineteen eighty eight ,COMMA the value of Chemical's option contracts outstanding mushroomed to thirty seven billion dollars from seventeen billion dollars .PERIOD  (wsjp890128212)
More importantly ,COMMA the volume of options written exceeded those purchased by almost two -HYPHEN to one .PERIOD  (wsjp890128213)
With such a lopsided book of options ,COMMA traders say ,COMMA Chemical was more vulnerable to erroneous valuation assumptions .PERIOD  (wsjp890128214)
Five years of rapid expansion under American Brands ,COMMA with an emphasis on marketing the agency's services instead of improving them ,COMMA had hurt Pinkerton's profits ,COMMA Mr. Wathen claims .PERIOD  (wsjp890128321)
He says his team couldn't tell whether accounts receivable had been paid or not .PERIOD  (wsjp890128322)
Pinkerton's had locked itself into low -HYPHEN price contracts to win new business ,COMMA with no hope of profitability until the contracts expired ,COMMA he adds .PERIOD  (wsjp890128323)
And regional offices were "DOUBLE-QUOTE egregiously overstaffed ,COMMA "DOUBLE-QUOTE he claims .PERIOD  (wsjp890128324)
One office had nineteen people doing the work of three ,COMMA "DOUBLE-QUOTE and half of the employees had company automobiles .PERIOD "DOUBLE-QUOTE  (wsjp890128325)
You'd think all the stories about well -HYPHEN heeled communities and developers getting HUD grants would prompt Congress to tighten up on upscale housing subsidies .PERIOD  (wsjp890128651)
No way .PERIOD  (wsjp890128652)
Congress has just made it easier for the affluent to qualify for insured loans from the deficit -HYPHEN ridden Federal Housing Administration .PERIOD  (wsjp890128653)
It appears that the only thing Congress is learning from the HUD story is how to enlarge its control of the honey pot going to special interests .PERIOD  (wsjp890128654)
But the higher mortgage ceiling is only the starter kit for what Senator Alan Cranston and Majority Leader George Mitchell have in mind for housing .PERIOD  (wsjp890128671)
The Senate Banking Committee will begin hearings next week on their proposal to expand existing federal housing programs .PERIOD  (wsjp890128672)
Other Senators want to lower the down payments required on F. H. A. -HYPHEN insured loans .PERIOD  (wsjp890128673)
Of course ,COMMA self -HYPHEN reform is about the last thing this Congress is interested in .PERIOD  (wsjp890128721)
Proponents of expanding F. H. A. programs say they merely want to help home buyers who are frozen out of high -HYPHEN priced markets .PERIOD  (wsjp890128722)
But the F. H. A. program is hemorrhaging bad loans .PERIOD  (wsjp890128723)
Jack Kemp has submitted a package of reforms ,COMMA and they are surely headed for the Capitol Hill sausage -HYPHEN grinder .PERIOD  (wsjp890128724)
Like the S. &AMPERSAND L. mess before it ,COMMA this is a problem Congress should be solving ,COMMA not ignoring .PERIOD  (wsjp890128725)
At eleven .point one %PERCENT of gross national product ,COMMA U. S. health costs already are the highest in the world .PERIOD  (wsjp890129061)
By contrast ,COMMA Japan's equal six .point seven %PERCENT of G. N. P. ,COMMA a nation's total output of goods and services .PERIOD  (wsjp890129062)
Management and labor worry that the gap makes U. S. companies less competitive .PERIOD  (wsjp890129063)