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they did n't have much luck during the reagan administration |
but now there seems to be a fairly <unk> effort to address the problem said chuck <unk> vice president of communications for the insurance institute for highway safety |
we 're in a very different regulatory environment |
sen. john <unk> r. <unk> praised the department 's actions noting that <unk> crashes account for almost half of all <unk> deaths |
we could prevent many of these <unk> with minimum <unk> standards he said |
sen. <unk> and others also want the department to require additional safety equipment in light trucks and minivans including air bags or automatic seat belts in front seats and improved <unk> protection |
the department 's <unk> proposal would apply to vehicles weighing N pounds or less |
the <unk> would be required to withstand a force of N times the <unk> weight of the vehicle |
during the test the <unk> could n't be depressed more than five inches |
in detroit a chrysler corp. official said the company currently has no <unk> <unk> and shoulder belts in its light trucks but plans to begin <unk> them in by the end of the N model year |
he said chrysler fully expects to have them installed across its <unk> line by the sept. N N deadline |
chrysler said its trucks and vans already meet the <unk> resistance standard for cars |
john <unk> executive engineer of ford motor co. 's <unk> office said ford trucks have met car standards for <unk> resistance since N |
ford began <unk> the <unk> belts in trucks with its <unk> crew <unk> <unk> in the N model year |
the new <unk> <unk> vehicle set for introduction next spring will also have the <unk> belts |
mr. <unk> said he expects ford to meet the deadline easily |
consolidated rail corp. said it would spend more than $ N million on N <unk> <unk> for <unk> autos |
the <unk> <unk> scheduled for delivery in N will be made by <unk> manufacturing co. a chicago heights ill. division of closely held <unk> industries inc. <unk> ill |
this year the railroad holding company acquired N such <unk> |
sir peter walters <unk> chairman of british petroleum co. until next march joins the board of this cement products company on dec. N |
sir peter will succeed sir john <unk> N who <unk> as blue circle nonexecutive chairman on june N |
bank of new england corp. said it has held talks with potential merger partners outside new england although it added that nothing is imminent and it has n't received any formal offers |
the discussions were disclosed as the bank holding company said that it has dropped its longstanding opposition to full interstate banking bills in connecticut and in massachusetts |
later yesterday a massachusetts senate committee approved a bill to allow national interstate banking by banks in the state beginning in N |
currently both massachusetts and connecticut where most of bank of new england 's operations are allow interstate banking only within new england |
richard <unk> vice chairman of bank of new england told the dow jones professional investor report certainly there are those outside the region who think of us <unk> as a good partner |
we have and i 'm sure others have considered what our options are and we 've had conversations with people who in the future might prove to be interesting partners |
he added there 's nothing very hot |
mr. <unk> did n't elaborate about who the potential partners were or when the talks were held |
a bank spokeswoman also declined to comment on any <unk> matters but said the company decided to drop its opposition to the interstate banking legislation because prevailing sentiment is in favor of passage |
bank of new england has been hit hard by the region 's real-estate slump with its net income declining N N to $ N million or N cents a share in the first nine months of N from the year-earlier period |
the company recently said it would sell some operations and lay off N N of its work force altogether reducing employment to less than N from about N |
it recently signed a preliminary agreement to negotiate exclusively with the bank of tokyo ltd. for the sale of part of its leasing business to the japanese bank |
<unk> products inc. cut its quarterly dividend to five cents a share from N cents a share |
the reduced dividend is payable jan. N to stock of record dec. N |
the <unk> <unk> maker of hair accessories and other cosmetic products said it cut the dividend due to its third-quarter loss of $ N or N cents a share |
in the year-ago quarter the company reported net income of $ N million or N cents a share |
the company also adopted an anti-takeover plan |
michael henderson <unk> group chief executive of this u.k. metals and industrial materials maker will become chairman in may succeeding ian butler N who is retiring |
mr. butler will remain on the board as a nonexecutive director |
rally 's inc. said it has redeemed its rights outstanding issued monday in its shareholder rights plan |
the company said holders of stock of record nov. N will receive <unk> of one cent a share as the redemption payment |
the fast-food company said its decision was based upon discussions with a shareholder group giant group ltd. in an effort to resolve certain disputes with the company |
giant group is led by three rally 's directors burt sugarman james m. trotter iii and william e. trotter ii who last month indicated they hold a N N stake in rally 's and plan to seek a majority of seats on rally 's <unk> board |
when warren <unk> <unk> of <unk> 's leap wine <unk> in <unk> valley announced a $ N price tag for his N <unk> N cabernet this fall few wine shops and restaurants around the country balked |
this is the peak of my <unk> experience mr. <unk> declared when he introduced the wine at a dinner in new york and i wanted to single it out as such |
it is in my <unk> the best wine <unk> 's leap has produced and with fewer than N cases available it is sure to sell quickly |
the price is a new high for california cabernet <unk> but it is not the highest |
diamond creek N lake <unk> cabernet weighed in this fall with a <unk> price of $ N a bottle |
one of the fastest growing segments of the wine market is the category of <unk> wines limited in production of <unk> quality or so perceived at any rate and with <unk> high prices |
for years this group included a stable of <unk> <unk> first <unk> <unk> <unk> <unk> <unk> grand <unk> <unk> <unk> and la <unk> <unk> <unk> <unk> <unk> or <unk> <unk> <unk> sweet wines <unk> <unk> or <unk> <unk> from germany and <unk> <unk> <unk> from <unk> |
these first magnitude wines ranged in price from $ N to $ N a bottle |
in the last year or so however this exclusive club has taken in a host of flashy new members |
the <unk> have <unk> in price to meet the competition and it almost seems that there 's a race on to come up with the <unk> single bottle among current releases from every major wine region on the globe |
france can <unk> the lion 's share of high-priced bottles |
<unk> 's first <unk> from N and N are $ N to $ N each except for the smallest in terms of production <unk> <unk> which costs around $ N |
these prices seem rather modest however in light of other french wines from current <unk> |
<unk> <unk> the leading <unk> now goes for well over $ N a bottle for a lighter vintage like N the <unk> rich N runs $ N |
in champagne some of the prestige <unk> are <unk> toward $ N a bottle |
the first champagne to crack that price barrier was the N salon de <unk> <unk> de <unk> |
the <unk> salon is $ N |
<unk> <unk> at $ N a bottle sells out around the country and <unk> 's <unk> de champagne <unk> de <unk> is <unk> upon that level |
the great <unk> of the <unk> valley have soared in price as well |
e. <unk> 's N <unk> <unk> la <unk> for example is $ N |
none of france 's wine regions can steal a march on <unk> however |
the six wines of the <unk> de la <unk> N of the most precious acres of <unk> anywhere in the world have <unk> <unk> price <unk> for several years now |
with the N vintage they soared higher la <unk> $ N <unk> $ N <unk> $ N |
another small <unk> estate <unk> has just offered its N <unk> for $ N |
from italy there is angelo <unk> <unk> at $ N a bottle <unk> <unk> 's la <unk> a $ N cabernet from <unk> and <unk> <unk> at $ N |
spain 's <unk> <unk> <unk> N released only in its <unk> year is $ N as is australia 's <unk> <unk> N |
there are certain <unk> wines that can command these higher prices says larry shapiro of <unk> 's one of the largest wine shops in dallas |
what 's different is that it is happening with young wines just coming out |
we 're seeing it partly because older <unk> are growing more scarce |
wine auctions have almost exhausted the limited supply of those wines mr. shapiro continued we 've seen a dramatic decrease in demand for wines from the <unk> and <unk> which go for $ N to $ N a bottle |
some of the newer wines even at $ N to $ N a bottle or so almost offer a bargain |
take lake <unk> cabernet from diamond creek |
it 's made only in years when the <unk> <unk> perfectly the last was N and comes from a single <unk> of <unk> that yielded a mere N cases in N |
owner al <unk> originally planned to sell it for $ N a bottle but when a retailer in southern california asked is that wholesale or retail he <unk> the matter |
offering the wine at roughly $ N a bottle wholesale $ N retail he sent merchants around the country a form asking them to check one of three answers N no the wine is too high N responses N yes it 's high but i 'll take it N responses N i 'll take all i can get N responses |
the wine was shipped in <unk> cases instead of the usual N but even at that it was spread thin going to N retailers in N states |
we thought it was <unk> expensive said sterling <unk> wine director at <unk> 's in <unk> ill. one of the top stores in suburban chicago but there are people out there with very different opinions of value |
we got our two <unk> and they 're gone |
mr. <unk> <unk> that he thinks <unk> prices have come about because producers do n't like to see a hit wine dramatically increase in price later on |
even if there is consumer resistance at first a wine that wins high ratings from the critics will eventually move |
there may be <unk> reaction initially said mr. <unk> but as the wine is talked about and starts to sell they eventually get excited and decide it 's worth the <unk> price to add it to their collection |
it 's just sort of a <unk> thing with some people added larry shapiro |
they like to talk about having the new red rock <unk> one of diamond creek 's <unk> or the dunn N cabernet or the <unk> |
producers have seen this market opening up and they 're now creating wines that appeal to these people |
that explains why the number of these wines is expanding so rapidly |
but consumers who buy at this level are also more knowledgeable than they were a few years ago |
they wo n't buy if the quality is not there said <unk> martin of martin wine <unk> in new orleans |
or if they feel the wine is <unk> and they can get something equally good for less |
mr. martin has increased prices on some wines like <unk> hills <unk> now $ N just to slow down movement but he is beginning to see some resistance to high-priced red <unk> and <unk> and <unk> in the $ N to $ N range |
image has of course a great deal to do with what sells and what does n't and it ca n't be forced |
wine merchants ca n't keep <unk> <unk> in stock but they have to push salon <unk> <unk> even lowering the price from $ N to $ N |
it 's hardly a question of quality the N salon is a beautiful wine but as mr. <unk> noted people have their own ideas about value |
it 's interesting to find that a lot of the expensive wines are n't always walking out the door |
in every major market in the u.s. for instance you can buy <unk> la <unk> or <unk> virtually all of the first growth <unk> except <unk> as well as <unk> one and <unk> from california and at the moment the <unk> 's leap N <unk> N |
with the biggest <unk> period of the year looming as the holidays approach it will be interesting to see how the <unk> fare |
by january it should be fairly clear what 's hot and what 's not |
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