1 It will also purchase $ 473 million in assets , and receive $ 550 million in assistance from the RTC . 2 The following issues were recently filed with the Securities and Exchange Commission : 3 American Cyanamid Co. , offering of 1,250,000 common shares , via Merrill Lynch Capital Markets . 4 Limited Inc. , offering of up to $ 300 million of debt securities and warrants . 5 But Time , as part of the more cost-conscious Time Warner , wants to wean itself away from expensive gimmicks . 6 Besides , Time executives think selling a news magazine with a clock radio is tacky . 7 Giveaways just give people the wrong image , said Mr. Heinemann . 8 Still , Time 's move is being received well , once again . 9 When the news broke of an attempted coup in Panama two weeks ago , Sen. Christopher Dodd called the State Department for a briefing . 10 Although viewership soars when big news breaks , it ebbs during periods of calm . 11 You ca n't live on that . 12 But that wo n't be easy . 13 The brief attention viewers give CNN could put it at a disadvantage as ratings data , and advertising , become more important to cable-TV channels . 14 It filled its daily schedule with newscasts called Daybreak , Daywatch , Newsday , and Newsnight , but the shows varied little in content , personality or look . 15 Our goal is to create more programs with an individual identity , says Paul Amos , CNN executive vice president for programming . 16 Some in the industry are skeptical . 17 They market cable-TV on the very grazing opportunities CNN seeks to discourage . 18 But the outcome of a legal dispute almost always turns on the facts . 19 And the facts , as found by the various courts in these two lawsuits , were different . 20 The transaction , announced in August , included about $ 146 million in deposits at the five outlets in California 's San Joaquin Valley . 21 In the first six months of the year it posted a net loss of $ 33.1 million . 22 Though the argument may have a common-sense ring to it , even the S&L lawyers concede there 's little precedent to back their position . 23 We 'd take the Valley Ranch free and clear as a booby prize . 24 He reiterated his opposition to such funding , but expressed hope of a compromise . 25 Ten of the nation 's governors , meanwhile , called on the justices to reject efforts to limit abortions . 26 The Justice Department announced that the FBI has been given the authority to seize U.S. fugitives overseas without the permission of foreign governments . 27 The device was replaced . 28 Details of the talks , described by a Zairean official as very delicate , were n't disclosed . 29 Thousands of residents of low-lying areas were ordered to evacuate as the storm headed north in the Gulf of Mexico with 80 mph winds . 30 We support all efforts to remove Victor Posner from control of Arby 's Inc. and the Arby 's system . 31 The group said it would consider , among other things , withholding royalty payments and initiating a class-action lawsuit seeking court approval for the withholdings . 32 I would say this is not bad news ; this is a blip , he said . 33 Energy prices then plummeted through the summer , causing the index to decline for three consecutive months . 34 Overall , the index has climbed at a 5.1 % compound annual rate since the start of the year , the Labor Department said . 35 Prices for capital equipment rose a hefty 1.1 % in September , while prices for home electronic equipment fell 1.1 % . 36 Food prices declined 0.6 % , after climbing 0.3 % in August . 37 CityFed 's president and chief executive officer , John Atherton , said the loss stems from several factors . 38 All these actions , Mr. Atherton said , will result in a loss of $ 125 million to $ 150 million for the third quarter . 39 Regulators also ordered CenTrust to stop buying back the preferred stock . 40 He said the thrift will try to get regulators to reverse the decision . 41 In the same month , the Office of Thrift Supervision ordered the institution to stop paying common stock dividends until its operations were on track . 42 CenTrust , which is Florida 's largest thrift , holds one of the largest junk-bond portfolios of any thrift in the nation . 43 Managed properly , and with a long-term outlook , these can become investment-grade quality properties . 44 The legislation requires thrifts to divest themselves of junk bonds in the new , somber regulatory climate . 45 Most analysts and thrift executives had expected a decision on the proposed transaction , which was announced in July , long before now . 46 CenTrust said the branch sale would also reduce the company 's large amount of good will by about $ 180 million . 47 A Flemish game show has as its host a Belgian pretending to be Italian . 48 European programs usually target only their own local audience , and often only a small portion of that . 49 For the most part , what 's made here stays here , and for good reason . 50 There is , for instance , One Man and His Dog , a herding contest among sheep dogs . 51 It was front-page news in Italy earlier this year when the fictional inspector was gunned down in the series . 52 Since production costs were guaranteed , it did n't matter that a program could n't be sold abroad or put into syndication , as most American programs are . 53 When the dollar is in a free-fall , even central banks ca n't stop it . 54 But not much money was spent on the shows , either , a situation that encouraged cheap-to-make talk and game shows , while discouraging expensive-to-produce dramas . 55 Now , however , commercial channels are coming to most European countries , and at the same time , satellite and cable technology is spreading rapidly . 56 Bids must be received by 1 p.m. EDT Thursday at the Treasury or at Federal Reserve banks or branches . 57 Most threatened by closer British Aerospace-Thomson ties would be their respective national rivals , including Matra S.A. in France and Britain 's General Electric Co. PLC . 58 Thomson feels the future of its defense business depends on building cooperation with other Europeans . 59 Mr. Watkins said the main reason for the production decline is shrinking output of light crude from mature , conventional fields in western Canada . 60 That ranks Canada as the fourth-largest source of imported crude , behind Saudi Arabia , Nigeria and Mexico . 61 The system currently has a capacity of 1.55 million barrels a day . 62 The Boston firm said stock-fund redemptions were running at less than one-third the level two years ago . 63 Predicting the financial results of computer firms has been a tough job lately . 64 Take Microsoft Corp. , the largest maker of personal computer software and generally considered an industry bellwether . 65 This month , however , Businessland warned investors that results for its first quarter ended Sept. 30 had n't met expectations . 66 While the earnings picture confuses , observers say the major forces expected to shape the industry in the coming year are clearer . 67 Meanwhile , competition between various operating systems , which control the basic functions of a computer , spells trouble for software firms generally . 68 On the other hand , the battle of the bus is expected to grow increasingly irrelevant . 69 Users do n't care about the bus , said Daniel Benton , an analyst at Goldman , Sachs & Co. . 70 He said Apple 's family of Macintosh computers , for instance , uses four different buses and no one seems to mind . 71 The gap between winners and laggards will grow . 72 Personal-computer makers will continue to eat away at the business of more traditional computer firms . 73 But they will have to act quickly . 74 Population Drain Ends For Midwestern States . 75 So are Indiana , Ohio and Michigan . 76 The gains , to be sure , are rather small . 77 THANKS TO modern medicine , more couples are growing old together . 78 That share has remained at about 24 % since 1970 . 79 What has changed is that more of the young elderly are living with spouses rather than with other relatives , such as children . 80 The likelihood of living alone beyond the age of 75 has increased to 40 % from 32 % . 81 Across the board , these consumers value quality , buy what they like rather than just what they need , and appreciate products that are distinctive . 82 Thirty-five percent attend religious services regularly ; at the same time , 60 % feel that in life one sometimes has to compromise one 's principles . 83 The American Bankers Association says that women make up 47 % of officials and managers in the top 50 banks , up from 33 % in 1978 . 84 The share of minorities in those positions has risen to 16 % from 12 % ... . 85 There are 13.1 million students in college this fall , up 2 % from 1988 , the National Center for Education Statistics estimates . 86 This small Dallas suburb 's got trouble . 87 Trouble with a capital T and that rhymes with P and that stands for pool . 88 And the mayor , in an admonition that bears a rhythmic resemblance to Prof. Hill 's , warned that alcohol leads to betting , which leads to fights . 89 At the lounge , manager Elizabeth Dyer wo n't admit patrons in jeans , T-shirts or tennis shoes . 90 I thought this was all taken care of in The Music Man . 91 For instance : Haole -LRB- white -RRB- is not the ultimate insult ; Mainland haole is . 92 And the local expression for brother is brah , not bruddah . 93 In addition , some of Mr. Mason 's critics have implied that his type of ethnic humor is itself a form of racism . 94 For example , the New York state counsel for the NAACP said that Mr. Mason is like a dinosaur . 95 People are fast leaving the place where he is stuck . 96 But wielded by a pro like Jackie Mason , it is a constructive form of mischief . 97 The official White House reaction to a plunge in stock prices has a 60-year history of calm , right up through Friday . 98 The economy , he added , remains well-balanced and the outlook is for continued moderate growth . 99 After the 1929 crash , Herbert Hoover said : The fundamental business of the country ... is on a sound and prosperous basis . 100 Charles J. Lawson Jr. , 68 , who had been acting chief executive since June 14 , will continue as chairman . 101 In addition , the companion deficit-reduction bill already passed by the House includes a capital-gains provision . 102 The Senate bill was pared back in an attempt to speed deficit-reduction through Congress . 103 A key is whether House Republicans are willing to acquiesce to their Senate colleagues ' decision to drop many pet provisions . 104 These include a child-care initiative and extensions of soon-to-expire tax breaks for low-income housing and research-and-development expenditures . 105 It worked , others said , because there were no exceptions : all revenue-losing provisions were stricken . 106 Many fund managers argue that now 's the time to buy . 107 It also drops a provision that would have permitted corporations to use excess pension funds to pay health benefits for current retirees . 108 The approval of the Senate bill was especially sweet for Sen. Mitchell , who had proposed the streamlining . 109 Vincent Bajakian , manager of the $ 1.8 billion Wellington Fund , added to his positions in Bristol-Myers Squibb , Woolworth and Dun & Bradstreet Friday . 110 Curb junk bonds by ending tax benefits for certain securities , such as zero-coupon bonds , that postpone cash interest payments . 111 Speed up the collection of the payroll tax from large companies , effective August 1990 . 112 Withhold income taxes from the paychecks of certain farm workers currently exempt from withholding . 113 Reduction of Medicare spending in fiscal 1990 by some $ 2.8 billion , in part by curbing increases in reimbursements to physicians . 114 Fidelity 's Mr. Lynch , for his part , snapped up Southern Co. shares Friday after the stock got hammered . 115 I was laid off in August 1988 , and after a thorough and exhausting job search , was hired in August 1989 . 116 Are you kidding ! 117 New federal legislation requires that all thrifts divest themselves of such speculative securities over a period of years . 118 If they croak stocks like that , he said , it presents an opportunity that is the kind of thing you dream about . 119 They perhaps had concern that we were getting out of all these , said Franklin President Duane H. Hall . 120 I think it was a little premature on their part . 121 Well , in some ways it is different , but technically it is just the same . 122 If you 're a technician , you obey the signals . 123 I see a possibility of going to 2200 this month . 124 Most people , he says , have no idea what a massacre pattern looks like . 125 Now , as in those two years , her stock market indicators are positive . 126 She says that ratio could climb to 14.5 , given current interest rates , and still be within the range of fair value . 127 Trading volume was only modestly higher than normal . 128 But Mr. Davis , whose views are widely respected by money managers , says he expects no 1987-style crash . 129 I think the market will be heading down into November , he says . 130 Mr. Cooperman sees this as a good time to pick up bargains , but he does n't think there 's any need to rush . 131 Unlike 1987 , interest rates have been falling this year . 132 So it 's a very mixed bag . 133 I see this as a reaction to the whole junk bond explosion , he says . 134 This has both made investors uneasy and the corporations more vulnerable . 135 There is more resiliency in the economy at large than we commonly suppose , he says . 136 Mario Gabelli . 137 He sees economic problems , financial problems ahead for the U.S. , with a fairly strong possibility of a recession . 138 Mr. Rogers wo n't decide what to do today until he sees how the London and Tokyo markets go . 139 T-bills probably are the right place to be , he says . 140 I thought your editorial was factually accurate and deliberately elucidative . 141 He used about 56 words defending the witnesses ' constitutional rights . 142 Unfortunately , by my rough guess , he used better than 5,000 words heaping scorn on the witnesses for exercising the Fifth . 143 He sandwiched his praise of constitutional meat between large loaves of bilious commentary . 144 That certainly is not the supposed distorted reading indicated by Mr. Lantos . 145 By any reasonable man criterion , Mr. Lantos and his colleagues have a whole bunch of people tried and convicted . 146 Right now they 're pursuing evidence . 147 That 's not a bad way to proceed , just somewhat different from standard American practice . 148 He 's right about his subcommittee 's responsibilities when it comes to obtaining information from prior HUD officials . 149 it defended appropriate constitutional safeguards and practical common sense . 150 In an unusual move , several funds moved to calm investors with recordings on their toll-free phone lines . 151 I do not by any means defend HUD management . 152 Raymond Weber . 153 Absent the risk of such prosecution , a court may order the defendant to testify . 154 At the end of the day , 251.2 million shares were traded . 155 Estes Park , Colo . 156 In academia , a so-called Friday the 13th effect has been set up and shot down by different professors . 157 In the '70s , the market took falls nine times in a row on Friday the you-know-what . 158 It was like the Friday before Black Monday two years ago . 159 Some early selling is likely to stem from investors and portfolio managers who want to lock in this year 's fat profits . 160 Ten points of the drop occurred during the last 45 minutes of trading . 161 Most of the complaints about unanswered phone calls came from regional brokers rather than individual investors . 162 Stock funds have averaged a staggering gain of 25 % through September , according to Lipper Analytical Services Inc. . 163 It was n't intentional , we were all busy . 164 On days like Friday , that means they must buy shares from sellers when no one else is willing to . 165 Everyone was hitting everyone else 's bid , he said . 166 I do n't know of anyone carrying big inventories now , said Mr. King of Robinson-Humphrey . 167 But they are worried . 168 This is not a major crash , she said . 169 Institutional investors , which had been selling stock throughout last week to lock in handsome gains made through the third quarter , were calmer . 170 Nevertheless , Ms. Garzarelli said she was swamped with phone calls over the weekend from nervous shareholders . 171 The turnover in both issues was roughly normal . 172 On the OTC market , First Executive , a big buyer of the high-risk , high-yield issues , slid 2 to 12 1/4 . 173 10 1/2 % . 174 Source : Fulton Prebon -LRB- U.S.A. -RRB- Inc. . 175 The charge on loans to brokers on stock exchange collateral . 176 COMMERCIAL PAPER placed directly by General Motors Acceptance Corp. : 177 CERTIFICATES OF DEPOSIT : 178 Typical rates in the secondary market : 179 FOREIGN PRIME RATES : 180 Canada 13.5 % ; Germany 8.5 % ; Japan 4.875 % ; Switzerland 8.5 % ; Britain 15 % . 181 Posted yields on 30-year mortgage commitments for delivery within 30 days . 182 8.33 % . 183 Annualized average rate of return after expenses for the past 30 days ; not a forecast of future returns . 184 I waited to make sure all the program trades had kicked through , he said . 185 It can happen before you can turn around . 186 Even without portfolio insurance , market conditions were grim Friday , money managers said . 187 Mr. Weisman predicts stocks will appear to stabilize in the next few days before declining again , trapping more investors . 188 The shorts sell borrowed shares , hoping to profit by replacing them later at a lower price . 189 Neither Vitarine nor any of the Springfield Gardens , N.Y. , company 's officials or employees have been charged with any crimes . 190 Mr. Nesbit also said the FDA has asked Bolar Pharmaceutical Co. to recall at the retail level its urinary tract antibiotic . 191 But so far the company has n't complied with that request , the spokesman said . 192 The West German retailer ASKO Deutsche Kaufhaus AG plans to challenge the legality of a widely employed anti-takeover defense of companies in the Netherlands . 193 A spokesman for Ahold said his company is confident of its own position and the propriety of the preferred-share issue . 194 He termed ASKO 's legal actions as unproductive to international cooperation among European retailers . 195 The cuts are necessary because Congress and the administration have failed to reach agreement on a deficit-cutting bill . 196 For the last two weeks , the Bush administration and the Federal Reserve have been engaged in a semi-public battle over international economic policy . 197 But he has since run into opposition from the Treasury and the White House over that decision . 198 Then , as now , the budget debate was behind schedule and automatic spending cuts were within days of taking hold . 199 Everybody thought we were looking at a repetition of 1929 , that we were looking at a recession , Rep. Panetta said yesterday in an interview . 200 Nevertheless , the company 's reaction underscores the domino effect that a huge manufacturer such as Boeing can have on other parts of the economy . 201 Three million shares of $ 25 preferred , via competitive bidding . 202 Four million common shares , via Salomon Brothers Inc. . 203 $ 250 million -LRB- face amount -RRB- Liquid Yield Option Notes , via Merrill Lynch Capital Markets . 204 14 million common shares , via Goldman , Sachs & Co. . 205 Two million common shares , via Dean Witter Capital Markets . 206 2,850,000 common shares , via Goldman Sachs . 207 I do n't think their customers would like it very much . 208 2.4 million common shares , via Montgomery Securities . 209 University of Medicine And Dentistry of New Jersey . 210 West Virginia Parkways , Economic Development And Tourism Authority . 211 $ 640 million of gas and electric revenue refunding bonds , via a First Boston group . 212 But he 's not so sure about everyone else . 213 We hope to take advantage of it , said John Snyder , a member of a Los Angeles investors ' club . 214 There 's no question that there 's a general distaste for leverage among lenders . 215 Sara Albert , a 34-year-old Dallas law student , says she 's generally skittish about the stock market and the takeover activity that seems to fuel it . 216 I have this feeling that it 's built on sand , she says , that the market rises but there 's no foundation to it . 217 It 's so close to completion , Boeing 's told us there wo n't be a problem , said a Southwest spokesman . 218 Others wonder how many more of these shocks the small investor can stand . 219 We all assumed October '87 was a one-time shot , said San Francisco attorney David Greenberg . 220 Mr. Greenberg got out just before the 1987 crash and , to his regret , never went back even as the market soared . 221 Merrill Lynch ca n't survive without the little guy . 222 Small investors have tiptoed back into the market following Black Monday , but mostly through mutual funds . 223 Individual investors are still angry about program trading , Mr. Quackenbush says . 224 But it 's not only the stock market that has some small investors worried . 225 Would Mr. Antori ever get back in ? 226 When it comes to money : Once bitten , 2,000 times shy . 227 The crowded field for notebook-sized computers is about to become a lot more crowded . 228 Compaq 's series of notebooks extends a trend toward downsizing in the personal computer market . 229 One analyst , noting that most such machines are about two inches thick , takes exception to the name . 230 At 4 1/2 pounds , it may be too ambitiously named , but it nevertheless opens up the kind of marketing possibilities that make analysts froth . 231 Laptops -- generally anything under 15 pounds -- have become the fastest-growing personal computer segment , with sales doubling this year . 232 Responding to that demand , however , has led to a variety of compromises . 233 The competitive sniping can get pretty petty at times . 234 Toward that end , experts say the real battle will take place between center-stage players like Toshiba , Zenith and now Compaq . 235 No date has yet been set to get back to the bargaining table . 236 The problem Compaq is going to have is that they wo n't be able to make enough of them . 237 Grumman Corp. received an $ 18.1 million Navy contract to upgrade aircraft electronics . 238 Of course , many more issues -- 93 -- hit new lows . 239 Other new lows included Navistar International Corp. , Union Carbide Corp. and Bethlehem Steel Corp. , all of which are included in the industrial average . 240 Investors who bought stock with borrowed money -- that is , on margin -- may be more worried than most following Friday 's market drop . 241 Margin calls since Friday have been higher than usual , but reasonable , a spokesman for Shearson Lehman Hutton Inc. said . 242 He said Schwab had increased margin requirements so customers have more of a cushion . 243 Industry estimates put Avis 's annual cost of all five programs at between $ 8 million and $ 14 million . 244 Analysts and competitors , however , doubt the numbers were that high . 245 CBS Inc. is cutting The Pat Sajak Show down to one hour from its current 90 minutes . 246 I would n't expect an immediate resolution to anything . 247 Tandem said it expects to report revenue of about $ 450 million and earnings of 35 cents to 40 cents a share . 248 Obviously IBM can give bigger discounts to users immediately , said Mr. Weiss . 249 Even Mr. Treybig is reluctant to abandon this notion , insisting that Tandem 's new machines are n't replacements for IBM 's mainframes . 250 Do n't jump yet . 251 When it went down , by all tradition , the economy followed . 252 Of course , the health of the economy will be threatened if the market continues to dive this week . 253 Profits are softer . 254 Debt burdens are heavier . 255 The union is continuing to work through its expired contract , however . 256 In the third quarter of 1987 , the economy spurted at an inflation-adjusted annual rate of 5.3 % . 257 The effects were much less severe and less prolonged than some had feared or expected . 258 The biggest threat on the economic horizon right now is n't recession , he reasons ; it 's an outbreak of uncontrolled inflation . 259 Surveys suggested that consumer confidence was high before Friday . 260 A Dow spokeswoman declined to comment on the estimates . 261 Du Pont Co. is thought to have had steady profit growth in white pigments , fibers and polymers . 262 Most estimates for Monsanto run between $ 1.7 and $ 2 a share . 263 By some accounts on Wall Street and in the industry , the inventory reductions are near an end , which may presage firmer demand . 264 For Himont Inc. , how far down it is , we do n't know , says Leslie Ravitz at Salomon Brothers . 265 $ 150 million of 8.55 % senior notes due Oct. 15 , 2009 , priced at par . 266 Rated Baa-1 by Moody 's and triple-B-plus by S&P , the issue will be sold through underwriters led by Morgan Stanley & Co. . 267 Federal Home Loan Mortgage Corp. . 268 Bridget O'Brian contributed to this article . 269 Federal Home Loan Mortgage Corp. . 270 The principal-only securities will be repackaged by BT Securities into a Freddie Mac Remic , Series 103 , that will have six classes . 271 Our long suit is our proven ability to operate power plants , he said . 272 The company said the improvement is related to additional cogeneration facilities that have been put into operation . 273 When the price of plastics took off in 1987 , Quantum Chemical Corp. went along for the ride . 274 For weeks , the market had been nervous about takeovers , after Campeau Corp. 's cash crunch spurred concern about the prospects for future highly leveraged takeovers . 275 And the financial decline of some looks steep only in comparison with the heady period that is just behind them . 276 We were all wonderful heroes last year , says an executive at one of Quantum 's competitors . 277 At Quantum , which is based in New York , the trouble is magnified by the company 's heavy dependence on plastics . 278 Quantum 's lot is mostly tied to polyethylene resin , used to make garbage bags , milk jugs , housewares , toys and meat packaging , among other items . 279 Benchmark grades , which still sold for as much as 50 cents a pound last spring , have skidded to between 35 cents and 40 cents . 280 Meanwhile , the price of ethylene , the chemical building block of polyethylene , has n't dropped nearly so fast . 281 People were even hoarding bags , he says . 282 No one knows , however , whether the new posted prices will stick once producers and customers start to haggle . 283 One doubter is George Krug , a chemical-industry analyst at Oppenheimer & Co. and a bear on plastics stocks . 284 Some say November . 285 Some viewed his response -- that company directors review the dividend regularly -- as nothing more than the standard line from executives . 286 Until this year , the company had been steadily lowering its accident rate and picking up trade-group safety awards . 287 When a plant has just been running flat out to meet demand , calculating lost profit and thus claims under business-interruption insurance is straightforward . 288 The plant usually accounts for 20 % to 25 % of Quantum 's polyethylene production and 50 % of its ethylene production . 289 These stocks eventually reopened . 290 Petrolane is the second-largest propane distributor in the U.S. . 291 The spokesman said the broadcast unit will be disbanded Dec. 1 , and the move wo n't affect RJR 's print , radio and spot-television buying practices . 292 Other countries that do n't have formal steel quotas with the U.S. , such as Taiwan , Sweden and Argentina , also have supplied steel . 293 Meanwhile , Brazil is expected to increase its allowance from the 1.43 % share it has had in recent years . 294 Japan has been shipping steel to total about 4.5 % of the U.S. market compared with a quota of 5.9 % . 295 Most of the stock selling pressure came from Wall Street professionals , including computer-guided program traders . 296 The balance is supplied by a host of smaller exporters , such as Australia and Venezuela . 297 Mr. Pierce said Elcotel should realize a minimum of $ 10 of recurring net earnings for each machine each month . 298 A P&G spokeswoman confirmed that shipments to Phoenix started late last month . 299 She said the company will study results from this market before expanding to others . 300 With the help of Lemon Cheer , P&G 's share is now estimated to be 12 % . 301 And retailers are expected to embrace the product , in part because it will take up less shelf space . 302 If the new Cheer sells well , the trend toward smaller packaging is likely to accelerate as competitors follow with their own superconcentrates . 303 Some believe P&G 's interest in a superconcentrated detergent goes beyond the concern for the Japanese . 304 This is something P&G would do with or without Kao , says Mr. Zurkuhlen . 305 And some said it reflected the growing debate in Washington over pursuing free trade with Japan versus some kind of managed trade . 306 I am painted sometimes as ferocious , perhaps because I have a ferocious list of statutes to implement . 307 I do n't feel either hard or soft . 308 She said the trade imbalance was mainly due to macroeconomic factors and should n't be tackled by setting quantitative targets . 309 My impression was that you would be a scary old lady , he said , drawing a few nervous chuckles from his colleagues . 310 But I am relieved to see that you are beautiful and gentle and intelligent and a person of integrity . 311 But she stressed , I am against managed trade . 312 The seller of photographic products and services said it is considering a number of financing alternatives , including seeking increases in its credit lines . 313 In the latest nine months net income was $ 4.7 million , or $ 1.31 a share , on revenue of $ 44.3 million . 314 Separately , the company said it would file a delayed fiscal-year report with the Securities and Exchange Commission within approximately 45 days . 315 Information International said it believes that the complaints , filed in federal court in Georgia , are without merit . 316 Closely held Morris Communications is based in Augusta , Ga. . 317 A spokeswoman said Sulka operates a total of seven stores in the U.S. and overseas . 318 Syms operates 25 off-price apparel stores in the U.S. . 319 Typical is what happened to the price of ethylene , a major commodity chemical produced in vast amounts by many oil companies . 320 But stocks kept falling . 321 This summer , on the other hand , had milder weather than usual . 322 Going into the fourth quarter , natural gas prices are anywhere from 8 % to 17 % lower than a year earlier . 323 The Bush administration has sent conflicting signals about its export-control policies , reflecting unhealed divisions among several competing agencies . 324 The move closely follows a similar offer by Salomon of warrants for shares of Hongkong & Shanghai Banking Corp. . 325 Salomon will cover the warrants by buying sufficient shares , or options to purchase shares , to cover its entire position . 326 Big Board Chairman John J. Phelan said yesterday the circuit breaker worked well mechanically . 327 In addition to $ 33 million compensatory damages , the suit seeks $ 100 million in punitive damages . 328 Also named in the suit is Ivan F. Boesky Corp. and Northview Corp. , the successor company to Vagabonds Hotels . 329 Ideal 's directors rejected that offer , although they said they endorsed the merger proposal . 330 The transaction is subject to a definitive agreement and approval by Ideal shareholders . 331 Ideal said it expects to complete the transaction early next year . 332 And they 're likely to stay that way for months to come , analysts say . 333 Ferruzzi has denied it was trying to manipulate the soybean futures market . 334 Looking ahead to other commodity markets this week : 335 Orange Juice Traders will be watching to see how long and how far the price decline that began Friday will go . 336 It settled with a loss of 4.95 cents at $ 1.3210 a pound . 337 It 's a dollar-priced product , and the strong dollar has made it more expensive in Europe , the analyst said . 338 But the build-up of S&P futures sell orders weighed on the market , and the link with stocks began to fray again . 339 Friday capped a week of steadily rising crude oil prices in both futures and spot markets . 340 Analysts generally cite a lack of bearish developments as well as rumors of a possible tightening of supplies of some fuels and crudes . 341 He was brought in to turn around the company . 342 Ad Notes ... . 343 NOT-GUILTY PLEA : 344 The Samsung Group and Bozell Inc. agreed to establish a joint venture advertising agency in South Korea . 345 Alan Seelenfreund , 52 years old , was named chairman of this processor of prescription claims , succeeding Thomas W. Field Jr. , 55 , who resigned last month . 346 PCS also named Rex R. Malson , 57 , executive vice president at McKesson , as a director , filling the seat vacated by Mr. Field . 347 The patent is related to hyaluronic acid , a rooster-comb extract used in eye surgery . 348 A MedChem spokesman said the products contribute about a third of MedChem 's sales and 10 % to 20 % of its earnings . 349 At Merrill Lynch & Co. , the nation 's biggest brokerage firm , a news release was prepared headlined Merrill Lynch Comments on Market Drop . 350 Newspaper publishers are reporting mixed third-quarter results , aided by favorable newsprint prices and hampered by flat or declining advertising linage , especially in the Northeast . 351 Heavy selling of Standard & Poor 's 500-stock index futures in Chicago relentlessly beat stocks downward . 352 Net fell to $ 28.8 million , or 29 cents a share , from $ 32 million , or 33 cents a share . 353 It 's going to bring the debate right back to the forefront . 354 The company , currently using about 80 % of its North American vehicle capacity , has vowed it will run at 100 % of capacity by 1992 . 355 Now , GM appears to be stepping up the pace of its factory consolidation to get in shape for the 1990s . 356 GM officials want to get their strategy to reduce capacity and the work force in place before those talks begin . 357 The Van Nuys plant , which employs about 3,000 workers , does n't have a product to build after 1993 . 358 Dissident UAW members have used the Fiero plant as a symbol of labor-management cooperation 's failure . 359 Both Merieux and Connaught are biotechnology research and vaccine manufacturing concerns . 360 But there were no buyers . 361 Viren Mehta , a partner with Mehta & Isaly , a New York -based pharmaceutical industry research firm , said the government 's ruling was n't unexpected . 362 While Friday 's debacle involved mainly professional traders rather than investors , it left the market vulnerable to continued selling this morning , traders said . 363 The company said it planned to offer an undetermined number of common shares in exchange for the 585,000 shares of its preferred stock outstanding . 364 The exchange ratio was never established . 365 Seven Big Board stocks -- UAL , AMR , BankAmerica , Walt Disney , Capital Cities/ABC , Philip Morris and Pacific Telesis Group -- stopped trading and never resumed . 366 It 's turning out to be a real blockbuster , Mr. Sweig said . 367 In last year 's third quarter , Lilly earned $ 171.4 million , or $ 1.2 a share . 368 The company is praised by analysts for sharply lowering its costs in recent years and shedding numerous companies with low profit margins . 369 In Kalamazoo , Mich. , Upjohn declined comment . 370 The database software company said it expects a $ 2 million net loss for the fiscal first quarter ended Sept. 30 . 371 Mr. Newton said he accepted the resignation of Thomas Wilson , vice president of corporate sales , and that his marketing responsibilities have been reassigned . 372 Relational Technology went public in May 1988 at $ 14 a share . 373 She analyzed families by their sleeping arrangements . 374 Maybe Lily became so obsessed with where people slept and how because her own arrangements kept shifting . 375 But both the past and present worlds of The Current Climate -LRB- Atlantic Monthly Press , 200 pages , $ 18.95 -RRB- feel cramped and static . 376 Mr. Phelan said , It will take another day or two to analyze who was buying and selling Friday . 377 Gulf 's net worth after those transaction must be at least $ 150 million . 378 Separately , the company said it expects to hold a special meeting for shareholders in early 1990 to vote on its proposed reorganization . 379 If we get rid of a lot of that nonsense , it will be a big plus . 380 The finger-pointing has already begun . 381 But on average , Manhattan retail rents have dropped 10 % to 15 % in the past six months alone , experts say . 382 Ports of Call Inc. reached agreements to sell its remaining seven aircraft to buyers that were n't disclosed . 383 The same factors limiting demand for office space have affected retailing . 384 Hardest hit are what he calls secondary sites that primarily serve neighborhood residents . 385 Certainly , the recent drop in prices does n't mean Manhattan comes cheap . 386 New York retail rents still run well above the going rate in other U.S. cities . 387 The thriving 34th Street area offers rents of about $ 100 a square foot , as do up-and-coming locations along lower Fifth Avenue . 388 The American Stock Exchange listed shares of two companies . 389 For the first time , the 83-year-old justice finds his influence almost exclusively in dissent , rather than as a force in the high court 's majority . 390 This role reversal holds true , as well , for his three liberal and moderate allies , Justices Thurgood Marshall , Harry Blackmun and John Stevens . 391 The four justices are no newcomers to dissent , often joining forces in the past decade to criticize the court 's conservative drift . 392 Harvard Law School Professor Laurence Tribe says there is a generation-skipping flavor to current dissents . 393 Justice Blackmun , who will turn 81 next month , also seems feisty about his new role . 394 Friends and associates who saw Justice Blackmun during the summer said he was no more discouraged about the court than in recent years . 395 But his level of frustration showed in a recent , impassioned speech to a group of hundreds of lawyers in Chicago . 396 A Canadian bank bought another thrift , in the first RTC transaction with a foreign bank . 397 These clean-bank transactions leave the bulk of bad assets , mostly real estate , with the government , to be sold later . 398 NCNB Texas National Bank will pay the RTC a premium of $ 129 million for $ 3.5 billion in deposits . 399 NCNB also acquired Freedom Savings & Loan Association , Tampa , Fla. , which had total assets of $ 900 million . 400 NCNB will pay the RTC a premium of $ 40.4 million for $ 1.1 billion in deposits . 401 Time magazine , in a move to reduce the costs of wooing new subscribers , is lowering its circulation guarantee to advertisers for the second consecutive year , increasing its subscription rates and cutting back on merchandise giveaways . 402 Mr. Heinemann said the changes represent a new focus in the magazine industry : a magazine 's net revenue per subscriber , or the actual revenue from subscribers after discounts and the cost of premiums have been stripped away . 403 Sanford Sigoloff , chief executive of L.J. Hooker , said yesterday in a statement that he has not yet seen the bid but that he would review it and bring it to the attention of the creditors committee . 404 Already , CNN is facing stronger competition from Financial News Network Inc. and General Electric Co. 's Consumer News and Business Channel , both of which are likely to pursue more general news in the future . 405 I find it hard to conceive of people switching over to CNN for what , at least in the public 's mind , is the same news , says Reuven Frank , the former two-time president of NBC News and creator of the Huntley-Brinkley report . 406 We would obviously be upset if those kinds of services evolved into more general-interest , long-format programming , says Robert Stengel , senior vice president , programming , of Continental Cablevision Inc. , which holds a 2 % stake in Turner Broadcasting . 407 Other Hooker properties included are a 20-story office tower in midtown Atlanta , expected to be completed next February ; vacant land sites in Florida and Ohio ; L.J. Hooker International , the commercial real-estate brokerage company that once did business as Merrill Lynch commercial real estate , plus other shopping centers . 408 Once again the specialists were not able to handle the imbalances on the floor of the New York Stock Exchange , said Christopher Pedersen , senior vice president at Twenty-First Securities Corp. . 409 Lawyers for dozens of insolvent savings and loan associations are trying a new tack in their efforts to defuse suits filed by borrowers , developers and creditors . 410 Bush indicated there might be room for flexibility in a bill to allow federal funding of abortions for poor women who are vicitims of rape and incest . 411 Hundreds of East Germans flocked to Bonn 's Embassy in Warsaw , bringing to more than 1,200 the number of emigres expected to flee to the West beginning today . 412 A plan currently under study gives Damascus two years to pull back to eastern Lebanon , starting from the time Beirut 's legislature increases political power for Moslems . 413 September 's steep rise in producer prices shows that inflation still persists , and the pessimism over interest rates caused by the new price data contributed to the stock market 's plunge Friday . 414 After falling for three consecutive months , the producer price index for finished goods shot up 0.9 % last month , the Labor Department reported Friday , as energy prices jumped after tumbling through the summer . 415 Although the report , which was released before the stock market opened , did n't trigger the 190.58-point drop in the Dow Jones Industrial Average , analysts said it did play a role in the market 's decline . 416 The overall 0.9 % increase is serious in itself , but what is even worse is that excluding food and energy , the producer price index still increased by 0.7 % , said Gordon Richards , an economist at the National Association of Manufacturers . 417 CityFed also said it expects to shed its remaining mortgage loan origination operations outside its principal markets in New Jersey and Florida and , as a result , is taking a charge for discontinued operations . 418 For the nine months ended June 30 , CenTrust had a net loss of $ 21.3 million , compared with year-earlier net income of $ 52.8 million . 419 Regulators have become increasingly antsy about CenTrust 's and other thrifts ' junk-bond holdings in light of the recent federal thrift bailout legislation and the recent deep decline in the junk-bond market . 420 CenTrust , however , touts the branch sale , saying it would bring in $ 150 million and reduce the thrift 's assets to $ 6.7 billion from $ 9 billion . 421 One of Italy 's favorite shows , Fantastico , a tepid variety show , is so popular that viewers clamored to buy a chocolate product , Cacao Fantastico , whose praises were sung each week by dancing showgirls -- even though the product did n't exist . 422 A celebrity guest , U.S. Ambassador to West Germany Richard Burt , also won a bet that someone could pile up $ 150 worth of quarters on a slanted coin . 423 A French knock-off of Dallas , called Chateauvallon and set in a French vineyard , had a good run in France , which ended after the female lead was injured in a real-life auto accident . 424 Italy 's most popular series is a drama called La Piovra , or The Octopus , which chronicles the fight of an idealistic young investigator in Palermo against the Mafia . 425 In a Madrid hotel room recently , a viewer caught the end of a badly acted series about a fishing boat on Australia 's Great Barrier Reef , only to be urged by the British announcer to stay tuned for the further adventures of Skippy the Kangaroo . 426 Just last week they announced they may make a joint bid to buy Ferranti International Signal PLC , a smaller British defense contractor rocked by alleged accounting fraud at a U.S. unit . 427 A British Aerospace spokeswoman appeared unperturbed by the prospect of a fight with GEC for Ferranti : Competition is the name of the game , she said . 428 At Fidelity Investments , the nation 's largest fund company , telephone volume was up sharply , but it was still at just half the level of the weekend preceding Black Monday in 1987 . 429 In the year-earlier third quarter , when the industry was in the midst of a boom , the company had net of $ 61 million , or $ 1.7 a share , on sales of $ 1.02 billion . 430 Investors -- taking this as a sign that a broad industry slump was in the offing -- reacted by selling the company 's stock , which lost $ 3.25 that day to close at $ 52 in national over-the-counter trading . 431 Two years ago there were massive redemption levels over the weekend and a lot of fear around , said C. Bruce Johnstone , who runs Fidelity Investments ' $ 5 billion Equity-Income Fund . 432 He expects Aldus to report earnings of 21 cents a share on revenues of $ 19.5 million for its third quarter , compared with earnings of 30 cents a share on revenue of 20.4 million in the year-earlier period . 433 Mr. Benton expects Compaq to unveil a family of high-end personal computers later this year that are powerful enough to serve as the hub for communications within large networks of desk-top machines . 434 Overall , though , the South and West still outpace the Northeast and Midwest , and fast-growing states like Florida and California ensure that the pattern will continue . 435 Mayor Lynn Spruill and two members of the council said they were worried about setting a precedent that would permit pool halls along Addison 's main street . 436 And even if a nurse would wear flowers in her hair while on duty , if she were engaged she would know to wear them behind her left , not right , ear . 437 If Mr. Mason had used less derogatory language to articulate his amateur analysis of the voting behavior of his fellow New Yorkers , would the water be quite so hot ? 438 And it has remained there , as evidenced by its reappearance in a 1972 CBS sitcom called Bridget Loves Bernie , whose sole distinction was that it led to the real-life marriage of Meredith Baxter and David Birney . 439 For instance , Michael dislikes Jackie not because he 's a shrewd Jewish businessman , but because he quits his well-paying job as a salesman in order to become a social worker . 440 The best moments in the show occur at the beginning and the end -LRB- and occasionally in the middle -RRB- . 441 But Senate supporters of the trimmer legislation said that other bills would soon be moving through Congress that could carry some of the measures that had been cast aside , including a capital-gains tax cut . 442 White House Budget Director Richard Darman told reporters yesterday that the administration would n't push to keep the capital-gains cut in the final version of the bill . 443 And a senior aide to the House Ways and Means Committee , where tax legislation originates , said there are n't any plans to produce another tax bill that could carry a gains tax cut this year . 444 To the delight of some doctors , the bill dropped a plan passed by the Finance Committee that would have overhauled the entire physician-reimbursement system under Medicare . 445 Authority for the Federal Aviation Administration to raise $ 239 million by charging fees for commercial airline-landing rights at New York 's LaGuardia and John F. Kennedy International Airports , O'Hare International Airport in Chicago and National Airport in Washington . 446 The agency said it reduced its rating on the thrift 's subordinated debt to B-2 from Ba-2 and will keep the debt under review for possible further downgrade . 447 If the dollar stays weak , he says , that will add to inflationary pressures in the U.S. and make it hard for the Federal Reserve Board to ease interest rates very much . 448 He recommends that investors sell takeover-related stocks , but hang on to some other stocks -- especially utilities , which often do well during periods of economic weakness . 449 I disagree with the statement by Mr. Lantos that one should not draw an adverse inference against former HUD officials who assert their Fifth Amendment privilege against self-incrimination in congressional hearings . 450 We view Friday 's market decline as offering us a buying opportunity as long-term investors , a recording at Gabelli & Co. funds said over the weekend . 451 Thus , when Mr. Pierce asserted the Fifth in a noncriminal proceeding , particularly after presumably receiving extensive advice from legal counsel , one must conclude that he held a good-faith , justifiable belief that his testimony could be used against him in a subsequent criminal prosecution . 452 The subcommittee , Congress and the American public have every right to draw the adverse inference and to concur with Mr. Pierce 's own belief that his testimony could help convict him of a crime . 453 In a similar vein , he adds that the anniversary of the 1987 crash and Saturday 's full moon could have played a part , too , in Friday 's market activity . 454 Mr. King of Robinson-Humphrey and others were quick to add that they believe the problem stemmed more from traders ' inability to handle the volume of calls , rather than a deliberate attempt to avoid making trades . 455 Jeremiah Mullins , the OTC trading chief at Dean Witter Reynolds in New York , said proudly that his company executed every order it received by the close of trading . 456 Two years ago , faced with the possibility of heavy losses on the stocks in their inventories , market makers themselves began dumping shares , exacerbating the slide in OTC stock prices . 457 But she expects prices to rebound soon and is telling investors she expects the stock market wo n't decline more than 10 % to 15 % from recent highs . 458 Joseph Hardiman , president of the National Association of Securities Dealers , which oversees the Nasdaq computerized trading system , said that despite the rush of selling , he never considered the situation an emergency . 459 More troubling is the prospect that the overall collapse in stock prices could permanently erode the base of small-investor support the OTC market was struggling to rebuild in the wake of the October 1987 crash . 460 The sellers on Friday came from all corners of the OTC market -- big and small institutional investors , as well as individual investors and market makers . 461 McCaw Cellular Communications , for instance , has offered to buy LIN Broadcasting as well as Metromedia 's New York City cellular telephone interests , and in a separate transaction , sell certain McCaw properties to Contel Cellular . 462 Among other OTC issues , Intel , dropped 2 1/8 to 33 7/8 ; Laidlaw Transportation lost 1 1/8 to 19 1/2 ; the American depositary receipts of Jaguar were off 1/4 to 10 1/4 ; MCI Communications slipped 2 1/4 to 43 1/2 ; Apple Computer fell 3 to 45 3/4 and Nike dropped 2 1/4 to 66 3/4 . 463 Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s , usually on amounts of $ 1 million and more . 464 8 13/16 % to 8 11/16 % one month ; 8 13/16 % to 8 11/16 % two months ; 8 13/16 % to 8 11/16 % three months ; 8 3/4 % to 8 5/8 % four months ; 8 11/16 % to 8 9/16 % five months ; 8 5/8 % to 8 1/2 % six months . 465 Most often , they do just that , because stocks have proved to be the best-performing long-term investment , attracting about $ 1 trillion from pension funds alone . 466 If you bought after the crash , you did very very well off the bottom , said Stephen B. Timbers , chief investment officer of Chicago-based Kemper Financial Services Inc. . 467 The last crash taught institutional investors that they have to be long-term holders , and that they ca n't react to short-term events , good or bad , , said Stephen L. Nesbitt , senior vice president for the pension consultants Wilshire Associates in Santa Monica , Calif . 468 You could go down 400 points and still have a good year in the market , said James D. Awad , president of New York -based BMI Capital Corp. . 469 Food and Drug Administration spokesman Jeff Nesbit said the agency has turned over evidence in a criminal investigation concerning Vitarine Pharmaceuticals Inc. to the U.S. Attorney 's office in Baltimore . 470 Vitarine won approval to market a version of a blood pressure medicine but acknowledged that it substituted a SmithKline Beecham PLC product as its own in tests . 471 The FDA has said it presented evidence it uncovered to the company indicating that Bolar substituted the brand-name product for its own to gain government approval to sell generic versions of Macrodantin . 472 By 11:59 p.m. tonight , President Bush must order $ 16 billion of automatic , across-the-board cuts in government spending to comply with the Gramm-Rudman budget law . 473 And he has kept mum on how his decision might affect a bid for United Airlines , which includes a big stake by British Airways PLC . 474 The 1987 crash brought the Reagan administration and Democratic lawmakers to the table for the first budget summit , resulting in a two-year plan to reduce the deficit by more than $ 76 billion , even though the deficit actually rose by nearly $ 12 billion during that period . 475 Hill Democrats are particularly angry over Mr. Bush 's claim that the capital-gains cut was part of April 's budget accord and his insistence on combining it with the deficit-reduction legislation . 476 When an agreement was reached to strip capital gains from the legislation , Oregon Sen. Bob Packwood , the ranking GOP member of the tax-writing Senate Finance Committee , hailed it . 477 I just do n't feel that the company can really stand or would want a prolonged walkout , Tom Baker , president of Machinists ' District 751 , said in an interview yesterday . 478 America West , though , is a smaller airline and therefore more affected by the delayed delivery of a single plane than many of its competitors would be . 479 Small investors matched their big institutional brethren in anxiety over the weekend , but most seemed to be taking a philosophical approach and said they were resigned to riding out the latest storm in the stock market . 480 Marc Perkins , a Tampa , Fla. , investment banker , said the market drop is one of a tremendous number of signs that the leveraged take-out era is ending . 481 Avner Arbel , a Cornell University finance professor , says government regulators will have to more closely control program trading to win back the confidence of the small investor . 482 Atari Corp. 's Portfolio , introduced in Europe two months ago and in the U.S. in early September , weighs less than a pound , costs a mere $ 400 and runs on three AA batteries , yet it has the power to run some spreadsheets and word processing programs . 483 I 've had a lot of people trying to sell me services to find out how big it is , says Tom Humphries , director of marketing for GRiD . 484 Both palmtops are dismissed by notebook makers , who argue that they 're too small -- a problem Poquet also encountered in focus groups , admits Gerry Purdy , director of marketing . 485 I ca n't imagine that you 'll talk to anyone who wo n't tell you this is dynamite for Compaq and a stopper for everyone else , says Gene Talsky , president of Professional Marketing Management Inc. . 486 Shares of Rally 's Inc. , an operator of fast-food restaurants , closed at $ 17 each , up from its $ 15 offering price and shares of Employee Benefit Plans Inc. , a health-care consultant , closed at $ 14.125 , up from its $ 12 offering price . 487 The No. 2 auto maker disclosed last month that it wants to buy as much as 15 % of the British luxury-car maker , the maximum allowed under current United Kingdom government restrictions . 488 But Mr. Baker said he thinks the earliest a pact could be struck would be the end of this month , hinting that the company and union may resume negotiations as early as this week . 489 We believe they could siphon perhaps two to three billion dollars from IBM over the next few years , said George Weiss , an analyst at the Gartner group . 490 But Mr. Baker called the letter -- and the company 's offer of a 10 % wage increase over the life of the pact , plus bonuses -- very weak . 491 The Fed , which until Friday had been resisting moves to ease credit , is now poised to pour money into the economy if needed to soothe the markets . 492 That was n't the case in 1987 , when the dollar was so weak that some economists and government officials seriously worried that it might collapse , producing panic among foreign investors and diminishing the flow of foreign capital to the U.S. . 493 United Auto Workers Local 1069 , which represents 3,000 workers at Boeing 's helicopter unit in Delaware County , Pa. , said it agreed to extend its contract on a day-by-day basis , with a 10-day notification to cancel , while it continues bargaining . 494 If the reactions of executives gathered Saturday at Hot Springs , Va. , for the Business Council meetings are typical , business leaders were n't overly rattled by Friday 's decline . 495 And Boeing on Friday said it received an order from Martinair Holland for four model 767-300 wide-body jetliners valued at a total of about $ 326 million . 496 Though Dow has aggressively diversified into specialty chemicals and pharmaceuticals , the company still has a big stake in polyethylene , which is used in packaging and housewares . 497 You will find the commodities off more than the others and the diversified companies about even or slightly better , says James Wilbur , a Smith Barney analyst . 498 Searle continued to operate in the red through the first half of the year , but Monsanto has said it expects Searle to post a profit for all of 1989 . 499 A Boeing spokeswoman said a delivery date for the planes is still being worked out for a variety of reasons , but not because of the strike . 500 Among classes for which details were available , yields ranged from 8.78 % , or 75 basis points over two-year Treasury securities , to 10.05 % , or 200 basis points over 10-year Treasurys . 501 Atco Ltd. said its utilities arm is considering building new electric power plants , some valued at more than one billion Canadian dollars -LRB- US$851 million -RRB- . 502 Freddie Mac said the principal-only securities were priced at 58 1/4 to yield 8.45 % , assuming an average life of eight years and a prepayment of 160 % of the PSA model . 503 Mr. Richardson would n't offer specifics regarding Atco 's proposed British project , but he said it would compete for customers with two huge British power generating companies that would be formed under the country 's plan to privatize its massive water and electric utilities . 504 We 're certainly looking at some power generating projects in England , said Bruce Stram , vice president , corporate strategy and corporate planning , with Enron Corp. , Houston , a big natural gas producer and pipeline operator . 505 The partnership runs the risk that it may not get the approvals for development , but in return , it can buy land at wholesale rather than retail prices , which can result in sizable savings , said Bruce Karatz , president and chief executive officer of Kaufman & Broad . 506 This is one of the best ways to assure a pipeline of land to fuel our growth at a minimum risk to our company , Mr. Karatz said . 507 The stock , having lost nearly a quarter of its value since Sept. 1 , closed at $ 34.375 share , down $ 1.125 , in New York Stock Exchange composite trading Friday . 508 But its competitors -- including Dow Chemical Co. , Union Carbide Corp. and several oil giants -- have much broader business interests and so are better cushioned against price swings . 509 An executive close to the company said RJR is spending about $ 140 million on network television time this year , down from roughly $ 200 million last year . 510 The broadcast group had been based in New York until a year ago , when RJR 's previous management moved it to Atlanta , the company 's headquarters before this summer . 511 It also said it would use that two-and-a-half year period to work toward an international consensus on freeing up the international steel trade , which has been notoriously managed , subsidized and protected by governments . 512 Mexico , which was one of the first countries to conclude its steel talks with the U.S. , virtually doubled its quota to 0.95 % of the U.S. steel market from 0.48 % under the previous quotas . 513 Although Mr. Pierce expects that line of business to strengthen in the next year , he said Elcotel will also benefit from moving into other areas . 514 Now , at 3:07 , one of the market 's post-crash reforms took hold as the S&P 500 futures contract had plunged 12 points , equivalent to around a 100-point drop in the Dow industrials . 515 Quest Medical Inc. said it adopted a shareholders ' rights plan in which rights to purchase shares of common stock will be distributed as a dividend to shareholders of record as of Oct. 23 . 516 The Cincinnati consumer-products giant got clobbered two years ago in Japan when Kao introduced a powerful detergent , called Attack , which quickly won a 30 % stake in the Japanese markets . 517 After the trading halt in the S&P 500 pit in Chicago , waves of selling continued to hit stocks themselves on the Big Board , and specialists continued to notch prices down . 518 She added that she expected perhaps to have a down payment ... some small step to convince the American people and the Japanese people that we 're moving in earnest . 519 Yet more than one American official who sat in with her during three days of talks with Japanese officials said her tone often was surprisingly conciliatory . 520 Major oil companies in the next few days are expected to report much less robust earnings than they did for the third quarter a year ago , largely reflecting deteriorating chemical prices and gasoline profitability . 521 To make its point , it is challenging the Italian government to explain reports that Olivetti may have supplied the Soviet Union with sophisticated computer-driven devices that could be used to build parts for combat aircraft . 522 The London Sunday Times , which first reported the U.S. concerns , cited a U.S. intelligence report as the source of the allegations that Olivetti exported $ 25 million in embargoed , state-of-the-art , flexible manufacturing systems to the Soviet aviation industry . 523 Although the legality of these sales is still an open question , the disclosure could n't be better timed to support the position of export-control hawks in the Pentagon and the intelligence community . 524 It seems to me that a story like this breaks just before every important Cocom meeting , said a Washington lobbyist for a number of U.S. computer companies . 525 In theory at least , tight supplies next spring could leave the wheat futures market susceptible to a supply-demand squeeze , said Daniel Basse , a futures analyst with AgResource Co. in Chicago . 526 Although some analysts look for profit-taking in the wake of Friday 's leap in crude oil prices , last week 's rally is generally expected to continue this week . 527 On the New York Mercantile Exchange , West Texas Intermediate crude for November delivery finished at $ 20.89 a barrel , up 42 cents on the day . 528 And Carl Spielvogel , chief executive officer of Saatchi 's big Backer Spielvogel Bates advertising unit , said he had offered to lead a management buy-out of the company , but was rebuffed by Charles Saatchi . 529 Mr. Spielvogel had said that Prudential-Bache was prepared to finance either a management buy-out and restructuring , or a buy-out of Backer Spielvogel alone , led by him . 530 As expected , Young & Rubicam Inc. along with two senior executives and a former employee , pleaded not guilty in federal court in New Haven , Conn. , to conspiracy and racketeering charges . 531 A spokesman for the U.S. Attorney 's office said extradition proceedings are just beginning for the other two defendants in the case , Eric Anthony Abrahams , former Jamaican tourism minister , and Jamaican businessman Arnold Foote Jr. . 532 The maker of computer-data-storage products said net income rose to $ 4.8 million , or 23 cents a share , from year-earlier net of $ 1.1 million , or five cents a share . 533 Total advertising linage was modestly lower as classified-ad volume increased , while there was softer demand for retail and national ad linage , said John Curley , Gannett 's chief executive officer . 534 The publisher of the Boston Globe reported net of $ 8.5 million , or 12 cents a share , compared with a loss of $ 26.5 million , or 38 cents a share , for the third quarter in 1988 . 535 Third-quarter profit estimates for several companies are being strongly affected by the price of newsprint , which in the last two years has had several price increases . 536 After a supply crunch caused prices to rise 14 % since 1986 to $ 650 a metric ton , analysts are encouraged , because they do n't expect a price increase for the rest of this year . 537 The Miami market is coming back strong after a tough couple of years when Knight-Ridder was starting up a Hispanic edition and circulation was falling , said Bruce Thorp , an analyst for Provident National Bank . 538 General Motors Corp. , in a series of moves that angered union officials in the U.S. and Canada , has signaled that as many as five North American assembly plants may not survive the mid-1990s as the corporation struggles to cut its excess vehicle-making capacity . 539 Jerry Shrieves , UAW local president , said the facility was asked to draw up plans to continue working as a flex plant , which could build several different types of products on short notice to satisfy demand . 540 The Fiero plant was viewed as a model of union-management cooperation at GM before slow sales of the Fiero forced the company to close the factory last year . 541 Spokesmen for Merieux and Connaught said they had n't been informed of specific areas of concern by either the government or Investment Canada , but added they hope to have more information early this week . 542 The University is seeking to block the acquisition of Connaught by foreign interests , citing concerns about the amount of research that would be done in Canada . 543 Weatherford suspended its preferred-dividend payment in October 1985 and said it has n't any plans to catch up on dividends in arrears about $ 6 million , but will do so some time in the future . 544 Additionally , the company said it filed with the Securities and Exchange Commission for the proposed offering of 10 million shares of common stock , expected to be offered in November . 545 At those levels , stocks are set up to be hammered by index arbitragers , who lock in profits by buying futures when futures prices fall , and simultaneously sell off stocks . 546 Amid a crowd of crashing stocks , Relational Technology Inc. 's stock fell particularly hard Friday , dropping 23 % because its problems were compounded by disclosure of an unexpected loss for its fiscal first quarter . 547 In a lovely , novelistic memoir , Sleeping Arrangements -LRB- Knopf , 195 pages , $ 18.95 -RRB- . 548 Her friend Susan , whose parents kept reminding her she was unwanted , slept on a narrow bed wedged into her parents ' bedroom , as though she were a temporary visitor . 549 Gulf Resources & Chemical Corp. said it agreed to pay $ 1.5 million as part of an accord with the Environmental Protection Agency regarding an environmental cleanup of a defunct smelter the company formerly operated in Idaho . 550 Gulf Resources earlier this year proposed a reorganization plan that would make it a unit of a Bermuda concern , potentially exempting it from liability for the smelter 's cleanup costs . 551 The terms of that agreement only become effective the date of Gulf 's reorganization , which we anticipate will occur sometime in early 1990 , said Lawrence R. Mehl , Gulf 's general counsel . 552 In addition , Gulf must give the government 20 days ' advance written notice of any loans exceeding $ 50 million that are made to the Bermuda-based holding company . 553 I 'm not going to worry about one day 's decline , said Kenneth Olsen , Digital Equipment Corp. president , who was leisurely strolling through the bright orange and yellow leaves of the mountains here after his company 's shares plunged $ 5.75 to close at $ 86.50 . 554 Asked whether Friday 's action could help him avoid being Trumped by the New York real estate magnate , Mr. Crandall smiled broadly and said : No comment . 555 As businesses contract or depart , the number of employees who might use retail services shrinks , says Edward A. Friedman , senior vice president of Helmsley Spear Inc. . 556 In the seven Supreme Court terms from the fall of 1962 through the spring of 1967 , the height of the Warren Court 's power , Justice Brennan cast only 25 dissenting votes in 555 cases decided by the court . 557 If the role these four dissenters are assuming is a familiar one in modern Supreme Court history , it also differs in an important way from recent history , court watchers say . 558 The dissenters of the Warren Court were often defending a legal legacy that they inherited , says Prof. A.E. Dick Howard of the University of Virginia Law School , but the dissenters today are defending a legacy that they created . 559 The group is led by Jay Shidler , chief executive officer of Shidler Investment Corp. in Honolulu , and A. Boyd Simpson , chief executive of the Atlanta-based Simpson Organization Inc. . 560 The four S&Ls were sold to large banks , as was the case with most of the 28 previous transactions initiated by the Resolution Trust Corp. since it was created in the S&L bailout legislation two months ago .