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mr. <unk> will remain as a director <unk> |
the company had no comment on whether a replacement would be named |
robert <unk> <unk> president <unk> university of florida and a director of this maker of medical devices was named chairman |
dr. <unk> N years old succeeds alexander t. <unk> N who did n't stand for re-election due to mandatory board retirement policy |
<unk> technologies said william p. <unk> was elected chairman and chief executive officer of this troubled electronics parts maker |
the 45-year-old mr. <unk> who has a background in crisis management succeeds alan d. <unk> N |
jerome j. <unk> executive vice president and chief financial officer said mr. <unk> was resigning by mutual agreement with the board |
he is going to pursue other interests mr. <unk> said |
mr. <unk> could n't be reached |
mr. <unk> the company said will retain the rest of the current management team |
for the nine months ended july N <unk> technologies reported a net loss of $ N on sales of $ N million |
that compared with an operating loss of $ N million on sales of $ N million in the year-earlier period |
in national over-the-counter trading <unk> technologies shares closed yesterday at N cents a share up N cents |
sales of new cars in europe fell N N in september from a year earlier and analysts say the market could continue to soften in the months ahead |
after a <unk> pace early this year analysts say the market after a series of sharp swings in recent months now shows signs of retreating |
statistics from N countries which normally account for N N of <unk> europe 's passenger car sales showed new car <unk> totaled N in september down N N from august and down N N for the year to date |
tokyo stocks rebounded tuesday from two consecutive daily losses in relatively active dealings |
london shares also rose while trading in frankfurt west germany ended higher |
in tokyo the nikkei index of N selected issues was up N points to N |
the index fell N monday |
volume on the first section was estimated at N million shares up from N million shares monday |
advancing issues outnumbered decliners N to N while N issues were unchanged |
<unk> buying targeted at <unk> issues pushed up the nikkei |
but other sectors failed to attract investor interest and remained sluggish making overall trading appear mixed |
individuals and corporations as well as dealers trading for their own account actively bought tuesday |
an official at <unk> securities said these investors feel the need to make quick profits despite <unk> external factors such as political uncertainty tied to the ruling party 's fate at next year 's lower house elections an event which could directly affect the stock market |
the tokyo stock price index of all issues listed in the first section which declined N on monday was up N or N N at N on tuesday |
the second section index which fell N points monday was up N points or N N to close at N |
second section volume was estimated at N million shares unchanged from monday |
institutional investors mostly remained on the sidelines tuesday |
a fund manager at a life-insurance company said three factors make it difficult to read market direction |
first he said domestic interest rates are likely to stay at higher levels as increased anticipation of inflation followed rising consumer prices reported last week |
second the dollar is showing persistent strength despite a slowdown in the u.s. economy shown by economic indicators |
third oil prices have n't declined although supply has been increasing |
the topic that attracted participants ' attention was mitsubishi estate 's purchase of N N of rockefeller center properties announced late monday in new york |
mitsubishi estate ended the day at N up N |
the gains also sparked buying interest in other real-estate companies traders said |
<unk> realty & development rose N to N |
<unk> real estate gained N to N |
investor focus shifted quickly traders said |
many of the <unk> winners turned out to be losers by afternoon |
in other stock-market news the tokyo stock exchange said that for the week ended friday the balance of margin buying rose N billion yen $ N billion to N trillion yen $ N billion |
the balance of short positions outstanding fell N billion yen to N billion yen |
in london prices finished at intraday <unk> <unk> by a reassuring early performance on wall street and news that the british government will waive its golden share in auto maker jaguar |
but trading was very <unk> as investment decision makers remain wary from gyrations and <unk> of recent weeks |
volume has been <unk> said a dealer at a british brokerage concern |
the market was dragged up by the <unk> of its neck by wall street and by market makers getting caught short |
no one wants stock on their books |
meanwhile the broad-based financial times 100-share index added N points to end at N while reaching its minimum of N a half hour into the session |
at the close the narrower 30-share index was up N points to N |
volume totaled a modest N million shares up from N million shares monday |
the market also moved at early afternoon on news that jaguar shares were being temporarily suspended at N pence $ N each |
secretary of state for trade and industry nicholas ridley said later in the day that the government would abolish its golden share in jaguar the luxury auto maker being <unk> by general motors and ford motor |
the golden share dates from jaguar 's public offering in N and was designed to protect the company from takeover |
the golden share was scheduled to expire at the beginning of |
but although the golden share has been <unk> a hostile bidder for jaguar would still have to alter the british concern 's articles of association which ban <unk> of more than N N |
jaguar shares closed at N pence up N pence on hefty turnover of N million shares |
as the london trading session drew to a close the market was still listening to the parliamentary debate on the economy with new chancellor of the exchequer john major expected to clarify his approach to the british economy and currency issues |
on the frankfurt stock exchange share prices closed higher in fairly thin trading as selective buying by foreigners helped <unk> prices |
the dax index closed at N up from N |
despite the modest gains traders said the market remains <unk> with investors remaining cautiously on the sidelines |
contributing to the market 's reserved stance was the release later in the day of new data on the health of the u.s. economy in the form of the u.s. index of leading indicators |
additionally the end of the month <unk> might have also played a minor role traders said |
elsewhere share prices closed higher in amsterdam brussels milan and paris |
prices were mixed in zurich and lower in stockholm |
stocks closed higher in hong kong manila singapore sydney and wellington but were lower in seoul |
taipei was closed for a holiday |
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 |
french consumer prices rose N N in september from the previous month and were up N N from a year earlier according to definitive figures from the national statistics institute |
the state agency 's figures confirm previous estimates and leave the index at N up from N in august and N a year earlier |
the index is based on N equaling N |
a breakdown showed that food prices were the most active part of growth with a rise of N N |
an official linked the gain essentially to higher prices for beef and pork |
he said summer drought problems that had hit several southern agricultural regions had stopped being a major source of price pressure in september |
japan 's index of leading indicators rose to N in august above the so-called <unk> line of N for the first time since may the economic planning agency said |
the leading index recovered from july 's revised level of N on strong performances in consumer <unk> and machinery orders among other factors according to an agency spokeswoman |
the index is intended to measure future economic performance |
a figure above N indicates the economy is likely to expand one below N indicates a <unk> may be ahead |
metromedia co. said its metromedia long distance unit has been renamed <unk> long distance reflecting acquisitions from itt corp. which licenses its name to closely held metromedia |
metromedia said its unit is the <unk> provider of long-distance communications service in the u.s. with projected N revenue of more than $ N million |
metromedia headed by john w. <unk> has interests in telecommunications <unk> painting computer software restaurants and entertainment |
south korean consumer prices rose N N in the first N months of this year matching the government 's target for the entire year according to the bank of korea and the economic planning board |
according to reports released by the two government agencies domestic consumer and wholesale prices each rose by N N in october from the previous month |
as a result consumer prices for the first N months of N surged by N N and wholesale prices by N N |
the south korean government had been projecting a N N consumer price increase for the entire year |
martin <unk> corp. said it won a $ N million contract from the u.s. postal service to manufacture and install automated <unk> machines |
under terms of the three-year contract martin <unk> said it will make and install N of the new machines at N postal offices |
the new machines are capable of <unk> by zip code up to N large flat mail pieces including magazines and <unk> an hour |
thomas a. <unk> N years old formerly vice president west coast operations at this <unk> <unk> concern was named executive vice president and chief operating officer both newly created posts and a director filling a vacancy |
<unk> said it anticipates naming mr. <unk> to succeed richard f. <unk> N as president and chief executive officer effective march N |
mr. <unk> will remain a <unk> board member and will be a consultant to the company |
yields on <unk> certificates of deposit dropped slightly in the week ended yesterday |
the average yield on a six-month cd of $ N or less was N N compared with N N a week earlier |
the average one-year <unk> cd was down to N N from N N according to banxquote money markets a new york information service that tracks cd yields |
this week was <unk> for the cd market said <unk> mehl chairman of banxquote |
the major banks have n't even reacted to sharp rises in the three-month treasury bill rates in the past two weeks |
banks that adjusted payouts on cds in the most recent week made only <unk> moves he said |
the cd trend runs counter to the direction of short-term interest rates at the treasury bill auction monday |
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