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the spokesman said that the proposed guidelines caused crossland to revise its business objectives and consequently to write down the asset value of some previous acquisitions |
crossland recorded an additional $ N million in loan loss reserves in the third quarter |
net interest income for the third quarter declined to $ N million from $ N million a year ago |
however non-interest income rose to $ N million from $ N million |
third-quarter loan <unk> dropped sharply to $ N million from $ N billion a year ago |
standard & poor 's corp. lowered the rating on crossland 's preferred stock to <unk> from <unk> and placed it on <unk> for possible further downgrade |
it also placed on <unk> for possible downgrade other securities including the <unk> rating of crossland 's certificates of deposit and the <unk> rating of its senior subordinated capital notes |
about $ N million of debt is affected |
the <unk> <unk> in the mail |
open it and two <unk> eyes on a boy 's brown face <unk> out from the page <unk> |
does the <unk> have a good mind about to be wasted |
is he a victim of gramm-rudman cuts |
no but he 's endangered all the same his new <unk> on abc needs a following to stay on the air |
abc has n't had much luck with shows featuring blacks in recent years and the producers of one new <unk> are a bit desperate |
<unk> a show about a black ad executive who gives up the <unk> for a <unk> classroom is <unk> the ratings test |
so producers <unk> and <unk> <unk> spun their <unk> and gathered names of black opinion makers to mount a direct-mail campaign |
by wooing a core black audience they figure they might keep the show alive at least until the spring <unk> |
using direct mail for a tv show is like fishing for <unk> with a <unk> hook |
it just is n't done |
but <unk> this kind of <unk> plea to black <unk> makes it even more unusual |
still mr. <unk> thinks he can reach a good chunk of the three <unk> black homes he needs by mailing to the almost N blacks who form what he calls the <unk> |
the <unk> is n't organized but you and i know it exists says mr. <unk> referring to the often <unk> small world of black professionals and community leaders |
this is a very personal ethnic style mr. <unk> says |
i want people in the barber shops and the beauty shops and standing in line at the <unk> <unk> to be talking about the show |
i want white america to talk about it too but i 'm convinced that the <unk> is what 's happening |
abc says it is aware of the producers ' action but the mailing was sent without the network 's blessing |
the letter in fact takes a <unk> at abc for being a <unk> in black programming |
meanwhile as the sunday evening show struggles to stay afloat against the tough competition of murder she wrote the <unk> idea is threatening to turn into a <unk> the <unk> apparently has inspired sample <unk> but <unk> are slow in coming |
doug <unk> a black advertising executive who tracks black <unk> patterns gives the <unk> an a for marketing <unk> but is n't alone in his <unk> reaction |
some shows just do n't <unk> he says and this is one of them |
transcanada pipelines ltd. said it plans to shift its headquarters to calgary alberta from toronto next year to cut costs and be closer to the <unk> natural-gas industry |
gerald <unk> president and chief executive officer of the natural-gas pipeline and marketing concern said the company 's future growth is increasingly linked to decisions made by calgary-based gas producers |
since deregulation of the market in N producers have become much more intensely involved in both transportation and marketing mr. <unk> said |
it 's a matter of being close to those suppliers many of those companies do n't know us as well as they should |
transcanada <unk> all gas that moves <unk> from alberta |
that includes all the gas consumed in ontario and quebec along with the bulk of canadian gas exports to the |
walter <unk> vice president of <unk> gas ltd. a calgary-based gas marketing concern said the industry will welcome the move |
having more than a <unk> presence here should enhance communications and business relationships mr. <unk> said |
since the cost of <unk> gas is so important to producers ' ability to sell it it helps to have input and access to transportation companies |
the move which could cost transcanada as much as N million canadian dollars us$ N million in relocation and severance payments should be complete by next summer mr. <unk> said |
all N toronto-based employees will be offered positions in calgary the company said |
the company will save between c$ N million and c$ N million annually in office expenses and other administrative costs by moving to calgary mr. <unk> added |
part of both the costs and the savings could be passed on to shippers on the transcanada pipeline through <unk> which are based on the value of the pipeline system and the cost of operating it |
transcanada is N N owned by <unk> holding company <unk> inc |
since its founding in N brooks brothers the <unk> of the ivy league look has <unk> flashy sales promotions and fashion trends the rules that most retailers live by |
but with sales growth sluggish and other men 's stores putting on the heat the venerable retailer can no longer afford such a <unk> attitude |
so two weeks ago thousands of brooks brothers charge customers customers <unk> to wait for <unk> clearance sales got a surprise an invitation to come in and buy any one item for N N off |
during the four-day promotion shoppers at the short hills n.j. store lined up to pay for <unk> items like coats and suits |
that 's not all |
<unk> from its newspaper ads featuring <unk> <unk> of a suit or a <unk> brooks brothers is marketing an <unk> image in a new campaign that carries the <unk> the surprise of brooks brothers |
one color photo displays a rainbow of dress shirts tied in a <unk> another picture shows <unk> with bold designs |
the message is loud and clear this is not your father 's brooks brothers |
as part of its national ad pitch brooks brothers will show less <unk> women 's clothes moving away from its <unk> business <unk> |
one ad shows a bright red <unk> <unk> with a black leather <unk> |
and the ad copy is <unk> how can you be a wall street hot shot without at least one brooks brothers suit in your portfolio |
brooks brothers hopes that shaking its <unk> <unk> will attract more young men and more women and change consumer perceptions about its range of merchandise |
we have men who only buy their shirts and underwear here or younger customers who only buy their job interview suit here says william roberti chairman and chief executive officer of brooks brothers |
we want them to buy more of their <unk> here |
industry watchers agree that brooks brothers is long overdue in <unk> its <unk> image which has <unk> its growth |
when acquired in may N by british retailer marks & spencer plc brooks brothers ' annual operating profit was about $ N million on sales of $ N million |
mr. roberti concedes that since the $ N million takeover sales growth has n't been dramatic |
for the N months ended march N operating profit at the <unk> chain totaled $ N million on sales of $ N million |
as brooks brothers <unk> into the fashion fray it will be playing catch up |
many <unk> especially ralph <unk> have <unk> in on the recent popularity of <unk> ivy league and english styles |
in keeping with men 's broader fashion scope today businessmen are <unk> in english and italian suits that are conservative but not <unk> |
the rigid ivy league customer brooks brothers ' bread and butter meanwhile is becoming <unk> |
thus brooks brothers has lost customers to stores that offer more variety such as paul stuart <unk> new york and louis boston |
brooks brothers no longer has a lock on the ivy league customer who is <unk> about his clothes says charlie <unk> president of the <unk> shop a traditional men 's store in cambridge mass |
by making a break from tradition brooks brothers is seeking a delicate balance |
if it <unk> fashion too much the shop risks <unk> its <unk> customers by <unk> value it risks <unk> down its <unk> <unk> |
fashion industry consultants also question whether the company can make significant <unk> in its women 's business given that its customer base is less established and that conservative business dress for women is on the decline |
brooks brothers ' aim is for N N of total sales to come from the women 's department up from the current N N |
everybody <unk> that there are fashion cycles in classic merchandise observes carol farmer a retail consultant |
for women <unk> for success in a real structured way is over |
despite these challenges marks & spencer sees big potential in brooks brothers noting the widely recognized name and global presence |
marks & spencer plans to open roughly N more u.s. stores in the next five years |
brooks brothers says business is robust at its N outlets in japan and two shops in hong kong |
marks & spencer is also considering opening stores across europe sometime in the future |
alan smith president of marks & spencer north america and far east says that brooks brothers ' focus is to boost sales by <unk> its merchandise <unk> while keeping its traditional emphasis |
the british parent is also streamlining brooks brothers which continues to make almost all of its merchandise recently shut one of its two <unk> plants in paterson n.j. and has closed boys ' departments in all but N stores |
brooks brothers is also remodeling its stores |
wednesday it will unveil a $ N million <unk> at its flagship store on madison avenue |
with newly installed <unk> the store retains its signature <unk> look but is less <unk> |
more shirts and <unk> will be laid out on tables instead of sitting behind glass cases so that customers can walk up and touch them mr. roberti says |
because the biggest growth in <unk> is in casual <unk> brooks brothers is chasing more of that business |
the entire second floor of its madison avenue store is now casual <unk> featuring items such as ski <unk> leather <unk> and a $ N <unk> baseball hat with the store 's crest |
the centerpiece of the overhaul according to mr. roberti is the men 's tailored clothing department where brooks brothers has added new suit styles and <unk> |
the perception out there is that we are very conservative and we only sell one type of suit mr. roberti says referring to brooks brothers ' signature <unk> <unk> suit with a <unk> <unk> and <unk> fit |
but it now offers more <unk> versions and suits with a <unk> fit |
it also plans to add suits cut for athletic men with broader upper bodies |
next spring nearly N N of its suits will have <unk> <unk> compared with virtually none a couple of years ago |
says mr. roberti we want to turn the customer on |
<unk> corp. said it will buy back as many as one million common shares |
the maker of chemical and industrial materials did n't say how much it would pay or when it would make the transactions |
<unk> also said it would cancel the unused portion of a N buy-back plan for administrative reasons |
the plan calls for the company to buy back N shares which reflects a <unk> stock split this year |
so far the company had bought back N million shares |
in new york stock exchange composite trading friday <unk> closed at $ N down N cents |
arthur price abruptly quit as president and chief executive officer of mtm entertainment inc. a los angeles production company that has fallen on hard times |
mr. price N years old also stepped down from the board of tvs entertainment plc the british tv company that last year bought mtm producer of such tv programs as hill street blues and the mary tyler moore show |
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