Browse Gold and Silver Sentences
173 gold sentences, 271 silver sentences.
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Pierre Vinken , 61 years old , will join the board as a nonexecutive director Nov. 29 .
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Mr. Vinken is chairman of Elsevier N.V. , the Dutch publishing group .
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Rudolph Agnew , 55 years old and former chairman of Consolidated Gold Fields PLC , was named a nonexecutive director of this British industrial conglomerate .
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A form of asbestos once used to make Kent cigarette filters has caused a high percentage of cancer deaths among a group of workers exposed to it more than 30 years ago , researchers reported .
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The asbestos fiber , crocidolite , is unusually resilient once it enters the lungs , with even brief exposures to it causing symptoms that show up decades later , researchers said .
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Lorillard Inc. , the unit of New York-based Loews Corp. that makes Kent cigarettes , stopped using crocidolite in its Micronite cigarette filters in 1956 .
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Although preliminary findings were reported more than a year ago , the latest results appear in today 's New England Journal of Medicine , a forum likely to bring new attention to the problem .
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A Lorillard spokewoman said , `` This is an old story .
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We 're talking about years ago before anyone heard of asbestos having any questionable properties .
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There is no asbestos in our products now . ''
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Neither Lorillard nor the researchers who studied the workers were aware of any research on smokers of the Kent cigarettes .
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`` We have no useful information on whether users are at risk , '' said James A. Talcott of Boston 's Dana-Farber Cancer Institute .
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Dr. Talcott led a team of researchers from the National Cancer Institute and the medical schools of Harvard University and Boston University .
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The Lorillard spokeswoman said asbestos was used in `` very modest amounts '' in making paper for the filters in the early 1950s and replaced with a different type of filter in 1956 .
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From 1953 to 1955 , 9.8 billion Kent cigarettes with the filters were sold , the company said .
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Among 33 men who worked closely with the substance , 28 have died -- more than three times the expected number .
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Four of the five surviving workers have asbestos-related diseases , including three with recently diagnosed cancer .
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The total of 18 deaths from malignant mesothelioma , lung cancer and asbestosis was far higher than expected , the researchers said .
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`` The morbidity rate is a striking finding among those of us who study asbestos-related diseases , '' said Dr. Talcott .
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The percentage of lung cancer deaths among the workers at the West Groton , Mass. , paper factory appears to be the highest for any asbestos workers studied in Western industrialized countries , he said .
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The plant , which is owned by Hollingsworth & Vose Co. , was under contract with Lorillard to make the cigarette filters .
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More common chrysotile fibers are curly and are more easily rejected by the body , Dr. Mossman explained .
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In July , the Environmental Protection Agency imposed a gradual ban on virtually all uses of asbestos .
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By 1997 , almost all remaining uses of cancer-causing asbestos will be outlawed .
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About 160 workers at a factory that made paper for the Kent filters were exposed to asbestos in the 1950s .
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Areas of the factory were particularly dusty where the crocidolite was used .
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Workers dumped large burlap sacks of the imported material into a huge bin , poured in cotton and acetate fibers and mechanically mixed the dry fibers in a process used to make filters .
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Workers described `` clouds of blue dust '' that hung over parts of the factory , even though exhaust fans ventilated the area .
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`` There 's no question that some of those workers and managers contracted asbestos-related diseases , '' said Darrell Phillips , vice president of human resources for Hollingsworth & Vose .
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`` But you have to recognize that these events took place 35 years ago .
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It has no bearing on our work force today .
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Yields on money-market mutual funds continued to slide , amid signs that portfolio managers expect further declines in interest rates .
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The average seven-day compound yield of the 400 taxable funds tracked by IBC 's Money Fund Report eased a fraction of a percentage point to 8.45 % from 8.47 % for the week ended Tuesday .
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Compound yields assume reinvestment of dividends and that the current yield continues for a year .
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Longer maturities are thought to indicate declining interest rates because they permit portfolio managers to retain relatively higher rates for a longer period .
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Shorter maturities are considered a sign of rising rates because portfolio managers can capture higher rates sooner .
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Despite recent declines in yields , investors continue to pour cash into money funds .
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Assets of the 400 taxable funds grew by $ 1.5 billion during the latest week , to $ 352.7 billion .
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Typically , money-fund yields beat comparable short-term investments because portfolio managers can vary maturities and go after the highest rates .
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The top money funds are currently yielding well over 9 % .
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Dreyfus World-Wide Dollar , the top-yielding fund , had a seven-day compound yield of 9.37 % during the latest week , down from 9.45 % a week earlier .
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It invests heavily in dollar-denominated securities overseas and is currently waiving management fees , which boosts its yield .
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The average seven-day simple yield of the 400 funds was 8.12 % , down from 8.14 % .
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The 30-day simple yield fell to an average 8.19 % from 8.22 % ; the 30-day compound yield slid to an average 8.53 % from 8.56 % .
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J.P. Bolduc , vice chairman of W.R. Grace & Co. , which holds a 83.4 % interest in this energy-services company , was elected a director .
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He succeeds Terrence D. Daniels , formerly a W.R. Grace vice chairman , who resigned .
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W.R. Grace holds three of Grace Energy 's seven board seats .
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Pacific First Financial Corp. said shareholders approved its acquisition by Royal Trustco Ltd. of Toronto for $ 27 a share , or $ 212 million .
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The thrift holding company said it expects to obtain regulatory approval and complete the transaction by year-end .
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McDermott International Inc. said its Babcock & Wilcox unit completed the sale of its Bailey Controls Operations to Finmeccanica S.p . A. for $ 295 million .
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Finmeccanica is an Italian state-owned holding company with interests in the mechanical engineering industry .
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Bailey Controls , based in Wickliffe , Ohio , makes computerized industrial controls systems .
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It employs 2,700 people and has annual revenue of about $ 370 million .
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The federal government suspended sales of U.S. savings bonds because Congress has n't lifted the ceiling on government debt .
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The government 's borrowing authority dropped at midnight Tuesday to $ 2.80 trillion from $ 2.87 trillion .
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Legislation to lift the debt ceiling is ensnarled in the fight over cutting capital-gains taxes .
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The Treasury said the U.S. will default on Nov. 9 if Congress does n't act by then .
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Previously , Mr. Vitulli , 43 years old , was general marketing manager of Chrysler Corp. 's Chrysler division .
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He had been a sales and marketing executive with Chrysler for 20 years .
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Not this year .
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The National Association of Manufacturers settled on the Hoosier capital of Indianapolis for its fall board meeting .
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And the city decided to treat its guests more like royalty or rock stars than factory owners .
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For starters , the executives joined Mayor William H. Hudnut III for an evening of the Indianapolis Symphony Orchestra and a guest pianist-comedian Victor Borge .
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Champagne and dessert followed .
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The next morning , with a police escort , busloads of executives and their wives raced to the Indianapolis Motor Speedway , unimpeded by traffic or red lights .
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The governor could n't make it , so the lieutenant governor welcomed the special guests .
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A buffet breakfast was held in the museum , where food and drinks are banned to everyday visitors .
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Then , in the guests ' honor , the speedway hauled out four drivers , crews and even the official Indianapolis 500 announcer for a 10-lap exhibition race .
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After the race , Fortune 500 executives drooled like schoolboys over the cars and drivers .
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No dummies , the drivers pointed out they still had space on their machines for another sponsor 's name or two .
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Back downtown , the execs squeezed in a few meetings at the hotel before boarding the buses again .
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This time , it was for dinner and dancing -- a block away .
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Under the stars and moons of the renovated Indiana Roof ballroom , nine of the hottest chefs in town fed them Indiana duckling mousseline , lobster consomme , veal mignon and chocolate terrine with a raspberry sauce .
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Knowing a tasty -- and free -- meal when they eat one , the executives gave the chefs a standing ovation .
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More than a few CEOs say the red-carpet treatment tempts them to return to a heartland city for future meetings .
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But for now , they 're looking forward to their winter meeting -- Boca in February .
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South Korea registered a trade deficit of $ 101 million in October , reflecting the country 's economic sluggishness , according to government figures released Wednesday .
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Preliminary tallies by the Trade and Industry Ministry showed another trade deficit in October , the fifth monthly setback this year , casting a cloud on South Korea 's export-oriented economy .
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Exports in October stood at $ 5.29 billion , a mere 0.7 % increase from a year earlier , while imports increased sharply to $ 5.39 billion , up 20 % from last October .
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Government officials said exports at the end of the year would remain under a government target of $ 68 billion .
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Despite the gloomy forecast , South Korea has recorded a trade surplus of $ 71 million so far this year .
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From January to October , the nation 's accumulated exports increased 4 % from the same period last year to $ 50.45 billion .
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Imports were at $ 50.38 billion , up 19 % .
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Newsweek , trying to keep pace with rival Time magazine , announced new advertising rates for 1990 and said it will introduce a new incentive plan for advertisers .
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The new ad plan from Newsweek , a unit of the Washington Post Co. , is the second incentive plan the magazine has offered advertisers in three years .
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Alan Spoon , recently named Newsweek president , said Newsweek 's ad rates would increase 5 % in January .
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A full , four-color page in Newsweek will cost $ 100,980 .
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U.S. News has yet to announce its 1990 ad rates .
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Newsweek said it will introduce the Circulation Credit Plan , which awards space credits to advertisers on `` renewal advertising . ''
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Mr. Spoon said the plan is not an attempt to shore up a decline in ad pages in the first nine months of 1989 ; Newsweek 's ad pages totaled 1,620 , a drop of 3.2 % from last year , according to Publishers Information Bureau .
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Both Newsweek and U.S. News have been gaining circulation in recent years without heavy use of electronic giveaways to subscribers , such as telephones or watches .
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However , none of the big three weeklies recorded circulation gains recently .
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According to Audit Bureau of Circulations , Time , the largest newsweekly , had average circulation of 4,393,237 , a decrease of 7.3 % .
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Newsweek 's circulation for the first six months of 1989 was 3,288,453 , flat from the same period last year .
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U.S. News ' circulation in the same time was 2,303,328 , down 2.6 % .
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New England Electric System bowed out of the bidding for Public Service Co. of New Hampshire , saying that the risks were too high and the potential payoff too far in the future to justify a higher offer .
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The move leaves United Illuminating Co. and Northeast Utilities as the remaining outside bidders for PS of New Hampshire , which also has proposed an internal reorganization plan in Chapter 11 bankruptcy proceedings under which it would remain an independent company .
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New England Electric , based in Westborough , Mass. , had offered $ 2 billion to acquire PS of New Hampshire , well below the $ 2.29 billion value United Illuminating places on its bid and the $ 2.25 billion Northeast says its bid is worth .
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United Illuminating is based in New Haven , Conn. , and Northeast is based in Hartford , Conn .
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That got hard to take , '' he added .
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Mr. Rowe also noted that political concerns also worried New England Electric .
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`` That attracts attention ...
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Wilbur Ross Jr. of Rothschild Inc. , the financial adviser to the troubled company 's equity holders , said the withdrawal of New England Electric might speed up the reorganization process .
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The fact that New England proposed lower rate increases -- 4.8 % over seven years against around 5.5 % boosts proposed by the other two outside bidders -- complicated negotiations with state officials , Mr. Ross asserted .
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`` Now the field is less cluttered , '' he added .
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Separately , the Federal Energy Regulatory Commission turned down for now a request by Northeast seeking approval of its possible purchase of PS of New Hampshire .
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PS of New Hampshire shares closed yesterday at $ 3.75 , off 25 cents , in New York Stock Exchange composite trading .
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Norman Ricken , 52 years old and former president and chief operating officer of Toys `` R '' Us Inc. , and Frederick Deane Jr. , 63 , chairman of Signet Banking Corp. , were elected directors of this consumer electronics and appliances retailing chain .
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They succeed Daniel M. Rexinger , retired Circuit City executive vice president , and Robert R. Glauber , U.S. Treasury undersecretary , on the 12-member board .
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Commonwealth Edison Co. was ordered to refund about $ 250 million to its current and former ratepayers for illegal rates collected for cost overruns on a nuclear power plant .
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The refund was about $ 55 million more than previously ordered by the Illinois Commerce Commission and trade groups said it may be the largest ever required of a state or local utility .
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State court Judge Richard Curry ordered Edison to make average refunds of about $ 45 to $ 50 each to Edison customers who have received electric service since April 1986 , including about two million customers who have moved during that period .
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Judge Curry ordered the refunds to begin Feb. 1 and said that he would n't entertain any appeals or other attempts to block his order by Commonwealth Edison .
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`` The refund pool ... may not be held hostage through another round of appeals , '' Judge Curry said .
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The exact amount of the refund will be determined next year based on actual collections made until Dec. 31 of this year .
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Commonwealth Edison said the ruling could force it to slash its 1989 earnings by $ 1.55 a share .
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For 1988 , Commonwealth Edison reported earnings of $ 737.5 million , or $ 3.01 a share .
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In New York Stock Exchange composite trading yesterday , Commonwealth Edison closed at $ 38.375 , down 12.5 cents .
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The $ 2.5 billion Byron 1 plant near Rockford , Ill. , was completed in 1985 .
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In a disputed 1985 ruling , the Commerce Commission said Commonwealth Edison could raise its electricity rates by $ 49 million to pay for the plant .
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But state courts upheld a challenge by consumer groups to the commission 's rate increase and found the rates illegal .
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The Illinois Supreme Court ordered the commission to audit Commonwealth Edison 's construction expenses and refund any unreasonable expenses .
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The utility has been collecting for the plant 's construction cost from its 3.1 million customers subject to a refund since 1986 .
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In his ruling , Judge Curry added an additional $ 55 million to the commission 's calculations .
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Last month , Judge Curry set the interest rate on the refund at 9 % .
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Commonwealth Edison now faces an additional court-ordered refund on its summer/winter rate differential collections that the Illinois Appellate Court has estimated at $ 140 million .
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And consumer groups hope that Judge Curry 's Byron 1 order may set a precedent for a second nuclear rate case involving Commonwealth Edison 's Braidwood 2 plant .
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Commonwealth Edison is seeking about $ 245 million in rate increases to pay for Braidwood 2 .
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The commission is expected to rule on the Braidwood 2 case by year end .
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Last year Commonwealth Edison had to refund $ 72.7 million for poor performance of its LaSalle I nuclear plant .
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Japan 's domestic sales of cars , trucks and buses in October rose 18 % from a year earlier to 500,004 units , a record for the month , the Japan Automobile Dealers ' Association said .
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The strong growth followed year-to-year increases of 21 % in August and 12 % in September .
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The monthly sales have been setting records every month since March .
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October sales , compared with the previous month , inched down 0.4 % .
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Sales of passenger cars grew 22 % from a year earlier to 361,376 units .
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Texas Instruments Japan Ltd. , a unit of Texas Instruments Inc. , said it opened a plant in South Korea to manufacture control devices .
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The new plant , located in Chinchon about 60 miles from Seoul , will help meet increasing and diversifying demand for control products in South Korea , the company said .
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The plant will produce control devices used in motor vehicles and household appliances .
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Moreover , there have been no orders for the Cray-3 so far , though the company says it is talking with several prospects .
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While many of the risks were anticipated when Minneapolis-based Cray Research first announced the spinoff in May , the strings it attached to the financing had n't been made public until yesterday .
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`` We did n't have much of a choice , '' Cray Computer 's chief financial officer , Gregory Barnum , said in an interview .
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`` The theory is that Seymour is the chief designer of the Cray-3 , and without him it could not be completed .
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Cray Research did not want to fund a project that did not include Seymour . ''
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But Mr. Barnum called that `` a worst-case '' scenario .
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The filing on the details of the spinoff caused Cray Research stock to jump $ 2.875 yesterday to close at $ 38 in New York Stock Exchange composite trading .
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Analysts noted yesterday that Cray Research 's decision to link its $ 98.3 million promissory note to Mr. Cray 's presence will complicate a valuation of the new company .
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`` Cray Computer will be a concept stock , '' he said .
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Besides the designer 's age , other risk factors for Mr. Cray 's new company include the Cray-3 's tricky , unproven chip technology .
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The SEC documents describe those chips , which are made of gallium arsenide , as being so fragile and minute they will require special robotic handling equipment .
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In addition , the Cray-3 will contain 16 processors -- twice as many as the largest current supercomputer .
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Cray Computer also will face intense competition , not only from Cray Research , which has about 60 % of the world-wide supercomputer market and which is expected to roll out the C-90 machine , a direct competitor with the Cray-3 , in 1991 .
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The spinoff also will compete with International Business Machines Corp. and Japan 's Big Three -- Hitachi Ltd. , NEC Corp. and Fujitsu Ltd .
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The new company said it believes there are fewer than 100 potential customers for supercomputers priced between $ 15 million and $ 30 million -- presumably the Cray-3 price range .
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Under terms of the spinoff , Cray Research stockholders are to receive one Cray Computer share for every two Cray Research shares they own in a distribution expected to occur in about two weeks .
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No price for the new shares has been set .
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Instead , the companies will leave it up to the marketplace to decide .
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Cray Computer has applied to trade on Nasdaq .
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Analysts calculate Cray Computer 's initial book value at about $ 4.75 a share .
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Along with the note , Cray Research is transferring about $ 53 million in assets , primarily those related to the Cray-3 development , which has been a drain on Cray Research 's earnings .
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Pro-forma balance sheets clearly show why Cray Research favored the spinoff .
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Without the Cray-3 research and development expenses , the company would have been able to report a profit of $ 19.3 million for the first half of 1989 rather than the $ 5.9 million it posted .
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On the other hand , had it existed then , Cray Computer would have incurred a $ 20.5 million loss .
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Regarded as the father of the supercomputer , Mr. Cray was paid $ 600,000 at Cray Research last year .
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At Cray Computer , he will be paid $ 240,000 .
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Besides Messrs. Cray and Barnum , other senior management at the company includes Neil Davenport , 47 , president and chief executive officer ; Joseph M. Blanchard , 37 , vice president , engineering ; Malcolm A. Hammerton , 40 , vice president , software ; and Douglas R. Wheeland , 45 , vice president , hardware .
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All came from Cray Research .
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He will continue to report to Donald Pardus , president and chief executive officer .
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Mr. Stevens was executive vice president of this electric-utility holding company .
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Arthur A. Hatch , 59 , was named executive vice president of the company .
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He was previously president of the company 's Eastern Edison Co. unit .
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Previously he was vice president of Eastern Edison .
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Robert P. Tassinari , 63 , was named senior vice president of Eastern Utilities .
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He was previously vice president .
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Mrs. Hills said many of the 25 countries that she placed under varying degrees of scrutiny have made `` genuine progress '' on this touchy issue .
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Mrs. Hills lauded South Korea for creating an intellectual-property task force and special enforcement teams of police officers and prosecutors trained to pursue movie and book pirates .
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Seoul also has instituted effective search-and-seizure procedures to aid these teams , she said .
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These three countries are n't completely off the hook , though .
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They will remain on a lower-priority list that includes 17 other countries .
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`` What this tells us is that U.S. trade law is working , '' he said .
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The 1988 trade act requires Mrs. Hills to issue another review of the performance of these countries by April 30 .
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The Latin American nation has paid very little on its debt since early last year .
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Mr. Rapanelli met in August with U.S. Assistant Treasury Secretary David Mulford .
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Argentine negotiator Carlos Carballo was in Washington and New York this week to meet with banks .
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But he has not said before that the country wants half the debt forgiven .
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THREE COMPUTERS THAT CHANGED the face of personal computing were launched in 1977 .
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That year the Apple II , Commodore Pet and Tandy TRS-80 came to market .
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The computers were crude by today 's standards .
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Big mainframe computers for business had been around for years .
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Current PCs are more than 50 times faster and have memory capacity 500 times greater than their 1977 counterparts .
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There were many pioneer PC contributors .
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Kalipharma is a New Jersey-based pharmaceuticals concern that sells products under the Purepac label .
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Esso said the Whiting field started production Tuesday .
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The field has reserves of 21 million barrels .
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Reserves for the five new fields total 50 million barrels .
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The sale of Southern Optical is a part of the program .
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Previously , watch imports were denied such duty-free treatment .
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Stephen Akerfeldt , currently vice president finance , will succeed Mr. McAlpine .
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They expect him to cut costs throughout the organization .
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The total marks the sixth consecutive monthly decline .
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Pick a country , any country .
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The next province ?
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They fell into oblivion after the 1929 crash .
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Behind all the hoopla is some heavy-duty competition .
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But it does n't take much to get burned .
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Political and currency gyrations can whipsaw the funds .
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And most country funds were clobbered more than most stocks after the 1987 crash .
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But some European funds recently have skyrocketed ; Spain Fund has surged to a startling 120 % premium .
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That way investors can essentially buy the funds without paying the premium .
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The U.S.S.R. belongs to neither organization .
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Its index inched up to 47.6 % in October from 46 % in September .
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`` What sector is stepping forward to pick up the slack ? '' he asked .
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`` I draw a blank . ''
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Factory payrolls fell in September .
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They cite a lack of `` imbalances '' that provide early warning signals of a downturn .
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The department previously estimated that durable-goods orders fell 0.1 % in September .
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Excluding these orders , backlogs declined 0.3 % .
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The government includes money spent on residential renovation ; Dodge does n't .
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The decline was even steeper than in September .
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The purchasing managers ' report is based on data provided by more than 250 purchasing executives .
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Pamela Sebastian in New York contributed to this article .
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This is Japan ?
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It 's imaginative and often funny .
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It 's a shame their meeting never took place .
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South Korea has different concerns .
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In Seoul , officials began visiting about 26,000 cigarette stalls to remove illegal posters and signboards advertising imported cigarettes .
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The warrants expire Nov. 30 , 1990 .
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Bramalea said it expects to complete the issue by the end of the month .
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Steve Martin has already laid his claim to that .
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So would the Little Tramp , for that matter .
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The Artist has his routine .
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He is his own man .
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Marie-Louise , a small-time abortionist , was their woman .
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Her remorse was shallow and brief .
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New York City :
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The screen shows two distorted , unrecognizable photos , presumably of two politicians .
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The other has opposed a ban on cop-killer bullets .
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One claims he 's pro-choice .
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Who 's telling the truth ?
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Everybody -- and nobody .
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Virginia :
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New Jersey :
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`` Consider Jim Courter . ''
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And the nose on Mr. Courter 's face grows .
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Who 's telling the truth ?
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But it 's building on a long tradition .
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Japanese investment in Southeast Asia is propelling the region toward economic integration .
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But it resists yielding political ground .
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Japan 's swelling investment in Southeast Asia is part of its economic evolution .
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The Baker proposal reasserts Washington 's intention to continue playing a leading political role in the region .
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Cathryn Rice could hardly believe her eyes .
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Her alternative was 90 days in jail .
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Her story is partly one of personal downfall .
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Prosecutors alleged that she was trying to bolster students ' scores to win a bonus under the state 's 1984 Education Improvement Act .
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And South Carolina says it is getting results .
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Her immediate predecessor suffered a nervous breakdown .
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I loved the school , its history .
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Pressures began to build .
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Friends told her she was pushing too hard .
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School officials and prosecutors say Mrs. Yeargin is lying .
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`` Not really .
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I believe in the system .
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What she did was like taking the law into your own hands . ''
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I was dumbfounded , '' Mrs. Ward recalls .
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The school-board hearing at which she was dismissed was crowded with students , teachers and parents who came to testify on her behalf .
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Many colleagues are angry at Mrs. Yeargin .
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There may be others doing what she did . ''
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Mrs. Ward , for one , was relieved .
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It also asks them to add two-sevenths and three-sevenths .
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The materials in each set reach about 90 students .
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McGraw-Hill was outraged .
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Earlier this week , Dr. Sullivan tried to defuse these charges by stressing that candidates to head the NIH and the CDC will be judged by `` standards of scientific and administrative excellence , '' not politics .
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But the administration 's handling of the fetal-tissue transplant issue disturbs many scientists .
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`` When scientific progress moves into uncharted ground , there has to be a role for society to make judgments about its applications , '' says Myron Genel , associate dean of the Yale Medical School .
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`` The disturbing thing about this abortion issue is that the debate has become polarized , so that no mechanism exists '' for finding a middle ground .
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The Nasdaq 100 index of the biggest nonfinancial stocks gained 1.39 to 446.62 .
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But the broader Nasdaq bank index , which tracks thrift issues , jumped 3.23 to 436.01 .
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He said the company 's core business remains strong .
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Rally 's lost 1 3/4 to 21 3/4 .
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THE WAR OVER FEDERAL JUDICIAL SALARIES takes a victim .
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`` Judges are not getting what they deserve .
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DOONESBURY CREATOR'S UNION TROUBLES are no laughing matter .
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GAF TRIAL goes to round three .
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Attorneys in the third stock-manipulation trial of GAF Corp. began opening arguments yesterday in the Manhattan courtroom of U.S. District Judge Mary Johnson Lowe .
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This trial is expected to last five weeks .
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He will specialize in white-collar criminal defense work .
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Terms were n't disclosed .
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PAPERS :
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Terms were n't disclosed .
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TV :
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Guaranteed minimum 6 % .
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A spokesman declined to speculate about possible reductions in force .
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It remains unclear whether the bond issue will be rolled over .
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`` We 're willing to negotiate , '' says Dennis Gillespie , executive vice president of marketing .
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It said the programs , largely game shows , will be provided by its E.C. Television unit along with Fremantle International , a producer and distributor of game shows of which it recently bought 49 % .
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It said that volume makes it the largest supplier of original TV programming in Europe .
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Interpublic is providing the programming in return for advertising time , which it said will be valued at more than $ 75 million in 1990 and $ 150 million in 1991 .
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It plans to sell the ad time to its clients at a discount .
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NEW ACCOUNT :
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The business had been handled by VanSant Dugdale , Baltimore .
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AT&T FAX :
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Enterprise Rent-A-Car Inc. breaks its first national ad campaign this week .
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Such belts already are required for the vehicles ' front seats .
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They did n't have much luck during the Reagan administration .
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`` We 're in a very different regulatory environment . ''
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`` We could prevent many of these fatalities with minimum roof-crush standards , '' he said .
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The department 's roof-crush proposal would apply to vehicles weighing 10,000 pounds or less .
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The roofs would be required to withstand a force of 1.5 times the unloaded weight of the vehicle .
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During the test , the roof could n't be depressed more than five inches .
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Chrysler said its trucks and vans already meet the roof-crush resistance standard for cars .
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Ford began installing the rear-seat belts in trucks with its F-series Crew Cab pickups in the 1989 model year .
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Mr. Leinonen said he expects Ford to meet the deadline easily .
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Consolidated Rail Corp. said it would spend more than $ 30 million on 1,000 enclosed railcars for transporting autos .
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This year , the railroad holding company acquired 850 such railcars .
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He added , `` There 's nothing very hot . ''
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Mr. Driscoll did n't elaborate about who the potential partners were or when the talks were held .
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GOODY PRODUCTS Inc. cut its quarterly dividend to five cents a share from 11.5 cents a share .
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The reduced dividend is payable Jan. 2 to stock of record Dec. 15 .
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In the year-ago quarter , the company reported net income of $ 1.9 million , or 29 cents a share .
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The company also adopted an anti-takeover plan .
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Mr. Butler will remain on the board as a nonexecutive director .
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Rally 's Inc. said it has redeemed its rights outstanding issued Monday in its shareholder rights plan .
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The company said holders of stock of record Nov. 10 will receive 1/10th of one cent a share as the redemption payment .
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The price is a new high for California Cabernet Sauvignon , but it is not the highest .
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Take Lake Vineyard Cabernet from Diamond Creek .
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The union vote to reject the proposed pact was 230-215 .
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Investors took advantage of Tuesday 's stock rally to book some profits yesterday , leaving stocks up fractionally .
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As expected , a national purchasing managers ' report indicated the nation 's manufacturing sector continues to contract modestly .
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Stock prices rose fractionally in moderate trading .
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Big Board volume totaled 154.2 million shares .
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Bond prices were up .
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The Treasury 's benchmark 30-year bond gained about a quarter of a point , or $ 2.50 for each $ 1,000 of face amount .
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The yield fell to 7.88 % .
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The dollar rose .
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In late afternoon New York trading the currency was at 1.8500 marks and 143.80 yen compared with 1.8415 marks and 142.85 yen .
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Net income more than tripled to 4.898 billion yen from 1.457 billion yen a year earlier .
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Eaton Corp. said it sold its Pacific Sierra Research Corp. unit to a company formed by employees of that unit .
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Terms were n't disclosed .
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Eaton is an automotive parts , controls and aerospace electronics concern .
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However , it has n't yet made any proposals to shareholders .
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It did n't elaborate .
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Mr. Simmons and NL already own a 9.9 % stake in Georgia Gulf .
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Mr. Simmons owns 88 % of Valhi Inc. , which in turn owns two-thirds of NL .
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NL is officially making the offer .
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In other transactions , Mr. Simmons has followed friendly offers with a hostile tender offer .
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Sales fell to $ 251.2 million from $ 278.7 million .
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In New Brunswick , N.J. , a Johnson & Johnson spokesman declined comment .
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Where they disagree is on the subject of U.S. direct investment in Japan .
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`` We have a long history of maintaining an open direct-investment policy , '' Mr. Dallara says .
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The Japanese fret openly about the U.S. public 's rancor .
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The Texas oilman has acquired a 26.2 % stake valued at more than $ 1.2 billion in an automotive-lighting company , Koito Manufacturing Co .
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But he has failed to gain any influence at the company .
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But they have n't clarified what those might be .
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By Monday , they hope to have a sheaf of documents both sides can trust .
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Elisabeth Rubinfien contributed to this article .
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Mr. Bodner declines to comment on the arrangement .
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They operate ships and banks .
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A company spokesman declined to elaborate on the departure .
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She took her business to First Atlanta .
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Those efforts are being stepped up .
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Banks have tried packaging before .
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The concept begot a slew of copycats , but the banks stopped promoting the packages .
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One big reason : thin margins .
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The competition has cultivated a much savvier consumer .
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Packaging has some drawbacks .
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Soon , it will split those into 30 .
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IRAs .
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A steady deposit base .
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The others here today live elsewhere .
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They are n't accepted everywhere , however .
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In fact , `` the market has always tanked .
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Always .
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Stockholders who took the hint and sold shares escaped the October debacle .
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What will happen to dividend growth next year ?
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Such is hardly the case .
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This is where Bell 's patents went .
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Oliver Berliner Beverly Hills , Calif .
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The Chinese responded in an equally undiplomatic fashion .
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Mr. Nixon was to leave China today .
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China pulled out of the program in July .
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The rifles were n't loaded .
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The Japanese industrial companies should know better .
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He is just passing the buck to young people .
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What 's wrong with asking for more money ?
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It is not unethical to choose a higher-salaried job .
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Hiroshi Asada
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Preston G. Foster Birmingham , Ala .
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A telephone-information operator had no listing for either party .
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Officials of Triton could n't be reached for comment .
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Mr. Crane did n't return a call seeking comment .
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He described the situation as `` an escrow problem , a timing issue , '' which he said was rapidly rectified , with no losses to customers .
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A Shearson spokesman had no comment .
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`` I never had any clients at all .
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But regulators are wary .
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( Morgan Stanley last week joined a growing list of U.S. securities firms that have stopped doing index arbitrage for their own accounts . )
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The British also are scrutinizing program trades .
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Market professionals said London has several attractions .
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Compromises are possible .
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Drink Carrier Competes With Cartons
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The new carrier can tote as many as four cups at once .
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Inventor Claire Marvin says his design virtually eliminates spilling .
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Lids are n't even needed .
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Seed for Jail Solution Fails to Take Root
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He declined to discuss other terms of the issue .
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Follow-up report :
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That was the law .
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It was censorship .
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It was outrageous .
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And it was stupid .
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And , indeed , the lawsuit was dismissed .
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In the interview at headquarters yesterday afternoon , both men exuded confidence and seemed to work well together .
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Wednesday , November 1 , 1989
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Many lost their farms .
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Neither company would disclose the program 's cost .
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American Express also represents the upscale image `` we 're trying to project , '' she adds .
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But since the 1990 model year began Oct. 1 , Buick sales have plunged 33 % .
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`` I would like to go back to 1970 .
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`` Just a blind fear of the unknown is causing them to beg the regulators for protection . ''
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You will not panic ,
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you will not put the financial system in jeopardy . ' ''
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Futures traders respond that low margins help keep their markets active .
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James A. White contributed to this article .
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Thus the band-wagon psychology of recent days picks up new impetus .
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Index arbitrage is a common form of program trading .
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But many of these reforms are unneeded , even harmful .
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Arbitrage does n't cause volatility ; it responds to it .
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Ballot watchers say attention already is focused on the 1990 elections .
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The company said its industrial unit continues to face margin pressures and lower demand .
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Wednesday 's dominant issue was Yasuda Fire & Marine Insurance , which continued to surge on rumors of speculative buying .
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Valley Federal is currently being examined by regulators .
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Pauline Yoshihashi in Los Angeles contributed to this article .
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Terms were n't disclosed .
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The two partners merely had to falsify the true ownership of the corporation .
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Wedtech did n't just use old fashioned bribery .
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Sometimes the bribed became partners in the company .
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Wedtech management used the merit system .
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Wedtech 's scammers simply bribed them to shut up .
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He enters the story toward the end , just in time to get arrested .
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They take place in government programs that seem tailor-made for corruption .
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Why are programs like this not eliminated ?
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`` Feeding Frenzy '' does provide a few clues .
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This is the real issue raised by the Wedtech scandal .
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The new company will attempt to limit the shipyard 's losses , participants said .
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Waertsilae Marine 's biggest creditor is Miami-based Carnival Cruise Lines Inc .
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Waertsilae Marine 's bankruptcy proceedings began Tuesday in a Helsinki court .
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