text stringlengths 1 3.86k |
|---|
traders said the continued turbulence in other markets coupled with the drop in london following the lawson resignation were responsible |
traders said that selling pressure was n't enormous and that the dax dropped friday more on a lack of any substantial buying interest |
they said contributing to the downward <unk> was the fact that many professional traders had chosen to square positions ahead of the weekend |
it 's the whole uncertainty about what 's happening around us said <unk> von <unk> a trader at credit suisse first boston in frankfurt |
if you take away the outside influences the market itself looks very cheap |
what 's happening here is n't justified by the fundamentals |
traders said the market remains extremely nervous because of the wild swings seen on the new york stock exchange last week |
that 's leaving small investors with cold feet they said and prompting institutions to take a reserved stance on the sidelines as well at least until the market in new york <unk> down somewhat |
elsewhere share prices closed lower in paris zurich amsterdam brussels and stockholm and were mixed in milan |
the british <unk> was widely cited for the declines |
share prices also closed lower in sydney hong kong singapore taipei manila wellington and seoul |
concern about declines in other markets especially new york caused selling pressure |
here are price trends on the world 's major stock markets as calculated by morgan stanley capital international perspective geneva |
to make them directly comparable each index is based on the close of N equaling N |
the percentage change is since year-end |
last week 's best and worst performing stocks among those issues that make up N N of the world 's stock market capitalization in local currency |
source morgan stanley capital <unk> |
apartheid foes staged a massive <unk> rally in south africa |
more than N people filled a <unk> stadium on the <unk> of the black township of <unk> and welcomed freed leaders of the outlawed african national congress |
it was considered south africa 's largest opposition rally |
walter sisulu the anc 's former secretary general who served N years in prison before being released two weeks ago urged peace negotiation and discipline |
president de <unk> 's government permitted the rally and security forces did n't interfere |
pretoria 's approval of the demonstration and the anc 's <unk> tone appeared aimed at setting up negotiations to give blacks political rights |
congressional leaders backed bush 's criticism of nicaragua 's ortega |
while lawmakers have n't raised the possibility of renewing military aid to the contras following ortega 's weekend threat to end a truce senate majority leader mitchell said on <unk> that ortega had made a very <unk> move |
minority leader dole plans to offer a resolution tomorrow <unk> the nicaraguan president whose remarks came during a celebration in costa rica marking regional moves to democracy |
ortega cited renewed attacks by the <unk> rebels |
lawmakers must decide next month whether the contras will get so-called humanitarian aid under a bipartisan agreement reached in march |
spain 's socialist party claimed victory in nationwide elections saying it had retained its parliamentary majority by one seat |
with all the votes counted a government spokesman said prime minister gonzalez 's party won N seats in the <unk> <unk> or lower house of parliament |
the <unk> held N seats going into the balloting |
thousands of east germans attended public rallies organized by the communist leadership and demanded free speech controls on the security forces and an end to official privileges |
the <unk> in east berlin and elsewhere were viewed as part of a government effort to stop activists from staging protests to press their demands |
<unk> in czechoslovakia said the nation 's pro-democracy movement was growing despite the government 's move to crush a protest saturday in <unk> 's <unk> square |
more than N demonstrators had called for free elections and the resignation of communist party leader <unk> <unk> |
police <unk> more than N people |
federal investigators have determined a <unk> flaw that developed during the making of an engine disk led to the july crash of a united airlines jetliner in <unk> city iowa killing N people |
congress sent to bush an $ N billion military construction bill that cuts spending for new installations by N N |
the measure also moves more than $ N million in the pentagon budget to <unk> projects from foreign bases |
u.s. and soviet officials are to open a new round of talks today aimed at reducing <unk> <unk> amid <unk> differences over whether to stop making the <unk> |
the talks in new york are the first since bush and soviet foreign minister shevardnadze unveiled proposals in september to scrap existing weapons |
afghan guerrillas <unk> kabul in a weekend assault that western diplomats called one of the biggest <unk> since the soviet union completed a troop withdrawal in february |
the rebels also reportedly tightened a <unk> on roads leading to the capital and government forces <unk> a <unk> area in western afghanistan |
lebanon 's christian leader <unk> an emergency meeting of his cabinet after indications that he might <unk> parliament in an attempt to scuttle an <unk> peace plan |
gen. <unk> aoun rejected the pact because it fails to provide a timetable for a syrian troop pullout from lebanon |
authorities in hawaii said the <unk> of a missing <unk> plane with N people aboard was spotted in a <unk> valley on the island of <unk> |
there was n't any evidence of <unk> |
the plane failed to reach <unk> 's airport saturday while on a flight from the neighboring island of <unk> |
the oakland athletics won baseball 's world series <unk> the san francisco giants in a four-game sweep |
an earthquake oct. N in northern california had caused a <unk> delay <unk> through the championship contest which ended saturday at san francisco 's candlestick park |
died <unk> von <unk> N chairman of <unk> ag of west germany in <unk> of <unk> |
the west german machinery and plant equipment industry 's orders rose an inflation-adjusted N N in september from a year earlier despite a sharp drop in foreign orders the german association of machinery makers said |
before adjustment for inflation the association said orders were up a nominal N N |
while domestic orders climbed an adjusted N N and a nominal N N in september foreign orders declined N N after inflation and N N on a nominal basis |
in the third quarter orders rose a real N N and a nominal N N |
domestic orders were up a real N N and a nominal N N while foreign orders rose a real N N and a nominal N N |
when michael s. <unk> took the <unk> at a recent cosmetics industry event more than N executives <unk> the room snapped to attention |
mr. <unk> who runs unilever group 's world-wide <unk> business <unk> to <unk> the crowd |
i see we have about half the audience working for us he said <unk> in <unk> |
the other half we may have before long |
members of the audience <unk> or <unk> nervously their industry has been unsettled recently by acquisitions |
first unilever the <unk> packaged-goods giant spent $ N billion to acquire brands such as faberge and elizabeth <unk> |
it now holds the no. N position at u.s. department-store cosmetic <unk> |
then procter & gamble co. agreed to buy noxell corp. for $ N billion |
that acquisition to be completed by year end will include the cover girl and <unk> makeup lines making p&g the top marketer of cosmetics in mass-market outlets |
it 's not so much the idea of acquisitions that has <unk> the cosmetics industry as the companies doing the acquiring p&g and unilever bring with them great experience with mundane products like soap and toilet paper <unk> <unk> in the <unk> cosmetics trade but they also bring <unk> marketing clout <unk> fear |
though it is far from certain that companies best known for selling promise <unk> and tide detergent will succeed in cosmetics there 's little doubt they will shake up the industry |
for now both companies are keeping quiet about their specific plans |
but industry watchers expect them to <unk> the <unk> marketing strategies they use for more mundane products with the more <unk> approach typical of cosmetics companies |
likely changes include more emphasis on research soaring advertising budgets and aggressive pricing |
but some <unk> executives wonder whether techniques <unk> in packaged goods will translate to the cosmetics business |
<unk> lauder inc. <unk> inc. and other cosmetics houses traditionally have considered themselves fashion enterprises whose product development is <unk> by the creative <unk> of their executives |
cosmetics companies roll out new makeup colors several times a year and since most products can be easily <unk> by competitors they 're loath to test them with consumers |
just because upscale cosmetics look like packaged goods and <unk> like packaged goods it does n't mean they are packaged goods says leonard lauder chief executive of <unk> lauder |
they 're really fashion items <unk> up in little <unk> |
in contrast to the more artistic nature of traditional cosmetics houses unilever and p&g are the <unk> of organization men in <unk> suits |
both companies are conservative marketers that rely on extensive market research |
p&g in particular rarely rolls out a product nationally before extensive <unk> |
both can be extremely aggressive at pricing such products as <unk> and <unk> to the extent that some industry consultants predict <unk> coupons for <unk> could result from their entry into the field |
p&g already has shown it can <unk> some traditional packaged-goods techniques with the <unk> of the cosmetics trade in the mass-market end of the business |
consider oil of <unk> which p&g acquired as part of <unk> international in N |
the <unk> introduced in N had a <unk> image |
oil of <unk> brought with it the <unk> of being used basically by older women who had already aged says david williams a consultant with new england consulting group |
p&g set out to <unk> the brand by <unk> the product line to include <unk> <unk> and <unk> for sensitive skin |
it also <unk> oil of <unk> 's packaging <unk> the traditional <unk> boxes with gold lines to create a more <unk> look |
moreover p&g shifted its ad campaign from one targeting older women to one featuring a woman in her <unk> <unk> not to grow old <unk> |
the company says sales have soared |
<unk> like unilever and p&g have enormous financial advantages over smaller rivals |
next year noxell plans to roll out a <unk> called navy says george l. <unk> jr. chairman of noxell |
without p&g 's backing noxell might not have been able to spend the estimated $ N million to $ N million needed to accomplish that without <unk> on its existing brands |
packaged-goods companies will make it tougher for smaller people to remain competitive mr. <unk> says |
further <unk> in the industry could follow |
rumors that unilever is interested in acquiring schering-plough corp. 's <unk> unit are widespread |
unilever wo n't comment <unk> however denies the brand is for sale |
the presence of unilever and p&g is likely to increase the impact of advertising on cosmetics |
while the two are among the world 's biggest advertisers most makers of upscale cosmetics spend relatively little on national ads |
instead they focus on events in department stores and pour their promotional budgets into gifts that go along with purchases |
<unk> lauder for example spends only an estimated N N of sales on advertising in the u.s. and mr. lauder says he has no plans to change his strategy |
the most dramatic changes however probably will come in <unk> development |
nearly N N of cosmetics sales come through <unk> outlets such as drug stores and supermarkets according to andrew shore an analyst at shearson lehman hutton inc |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.