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the senate is expected to consider the bill shortly says the senator 's spokesman |
mr. runkel says he doubts mr. kennedy can <unk> enough congressional support to <unk> the justice department |
we will vigorously oppose the bill he says |
i do n't think the reorganization is going to happen |
<unk> & <unk> <unk> lawyers from <unk> firm |
the <unk> new york firm will bring in at least N partners and a not yet determined number of associates from <unk> & <unk> which will <unk> dec. N |
<unk> with N lawyers has lost several partners during the past year |
some <unk> lawyers wo n't be invited to join <unk> & <unk> according to partners at both firms |
<unk> & <unk> managing partner <unk> f. <unk> said the <unk> <unk> will enhance the firm 's corporate and litigation departments |
short <unk> not welcome in texas court |
<unk> hancock a male county court judge in houston refused to let a woman plead guilty to a <unk> charge because her <unk> stopped three inches above her <unk> |
the woman appeared in court thursday to enter her plea but when she started to approach the bench she was stopped by judge hancock |
he told the woman 's lawyer victor <unk> that the short <unk> was inappropriate for a court appearance |
despite mr. <unk> 's protests the judge <unk> her case for nov. N |
kelly <unk> an assistant district attorney who was in the courtroom disputed suggestions the action was <unk> saying she had seen judge hancock turn away male defendants dressed in <unk> tank tops or muscle shirts many times |
judge hancock did n't return phone calls |
warner communications inc. and sony corp. resumed settlement talks on their legal battle over hollywood producers peter guber and jon peters but continued to level strong accusations at each other in legal documents |
warner has filed a $ N billion breach of contract suit in los angeles superior court against sony and the guber-peters duo who in turn are <unk> warner for trying to interfere in sony 's acquisition of columbia pictures entertainment inc. and guber peters entertainment co. in two transactions valued at over $ N billio... |
although settlement talks had been dropped attorneys for the two sides apparently began talking again yesterday in an attempt to settle the matter before thursday when a judge is expected to rule on warner 's request for an injunction that would block the two producers from taking over the management of columbia |
yesterday in documents filed in connection with that case warner accused sony officials of <unk> claiming that they never read the five-year contract requiring the two producers to make movies exclusively for columbia citing securities and exchange commission filings made by sony that described the contracts |
warner was referring to documents filed last week in which sony corp. of america vice chairman michael <unk> and walter yetnikoff president of its cbs records unit said they had taken mr. guber and mr. peters at their word when the producers told them that getting out of the contract would be no problem because of a p... |
wayne smith an attorney at <unk> dunn & <unk> in los angeles representing sony said the sony executives had n't seen the contract because it was n't relevant once guber and peters told them warner would let them terminate it at any time |
mr. smith said statements about the contract made in sec filings were made by attorneys who did have access to the contracts but who were n't part of the negotiations between sony and the duo |
warner executives also filed new sworn affidavits denying claims by messrs. guber and peters that the two sides had an oral agreement that enabled the producers to terminate their contract with warner should the opportunity to run a major studio come up |
but mr. smith said sony intends to prove that the oral agreement did in fact exist and that even the existing written contract does n't preclude the producers from taking executive posts at another studio |
warner described as nonsense yesterday sony 's <unk> in prior court filings that mr. guber and mr. peters could in theory run columbia while still <unk> their contract to produce movies for warner |
such a dual role would be <unk> and <unk> warner said adding that concept is as silly as suggesting that the head coach of the los angeles <unk> could simultaneously be general manager of the san francisco giants |
warner which is in the process of being acquired by new york-based time warner inc. also said it paid the two producers a fixed annual salary of $ N million |
dataproducts inc. said it filed a lawsuit in delaware chancery court to block a tender offer by dpc acquisition partners alleging that the hostile offer violates a standstill agreement between the two concerns |
dpc an investor group led by new york-based <unk> investment associates had itself filed a suit in state court in los angeles seeking to <unk> the agreement |
earlier this year dataproducts had rejected a $ N a share offer from dpc saying it was n't adequately financed |
dpc last week launched a new $ <unk> offer for the <unk> hills calif.-based computer printer maker |
dpc said it could n't comment on the suit |
boeing co. 's third-quarter profit leaped N N but wall street 's attention was focused on the picket line not the bottom line |
in fact the earnings report <unk> as representatives of the world 's no. N jet maker and the striking machinists union came back to the negotiating table for their first meeting in two weeks |
doug hammond the federal mediator in seattle where boeing is based said the parties will continue to sit down daily until a new settlement proposal emerges or the talks break off again |
despite the progress boeing indicated that the work <unk> now in its <unk> day will have a serious adverse impact on the current quarter |
for the third quarter net rose to $ N million or $ N a share from $ N million or N cents a share |
sales climbed N N to $ N billion from $ N billion as the company capitalized on the <unk> global demand for commercial <unk> |
because it 's impossible to gauge how long the <unk> by N machinists rank and file will last the precise impact on boeing 's sales earnings cash flow and short-term investment position could n't be determined |
the investment community however strongly believes that the strike will be settled before there is any lasting effect on either boeing or its work force |
the company 's total firm backlog of unfilled orders at sept. N stood at a mighty $ N billion compared with $ N billion at the end of |
although the company could see fourth-quarter revenue shrink by nearly $ N billion if it is n't able to deliver any more planes this year those dollars actually would just be deferred until N |
and the company is certain to get out some aircraft with just supervisors and other <unk> employees on hand |
before the union rejected the company 's offer and the strike was launched with the <unk> shift of oct. N boeing had been counting on turning N aircraft out the door in the present period |
that included N of the company 's N jumbo jets its most successful product |
it 's not a pretty picture said david smith an analyst with raymond james & associates |
but it would just mean a great first and second quarter next year |
<unk> <unk> of merrill lynch capital markets added you do n't want to minimize this and say nobody is looking at it |
but the strike has n't gone on long enough for boeing to lose business in any real sense |
that 's the primary reason the company 's share price has held up so well when in mr. smith 's words most companies would have unraveled by now |
in new york stock exchange composite trading boeing closed yesterday at $ N a share off a <unk> N cents |
still boeing went through its normal <unk> <unk> and played up the downside |
in a statement chairman frank <unk> asserted that the company faces significant challenges and risks on both its commercial and government contracts |
for instance he noted that spending on pentagon programs is shrinking and boeing is either the prime contractor or a major supplier on many important military projects including the b-2 <unk> bomber the <unk> <unk> <unk> aircraft and the air force 's <unk> tactical fighter |
because of cost overruns on fixed-price military work mr. <unk> said the company 's defense business will record a significant loss in N |
moreover mr. <unk> added <unk> increases that have been implemented on the N N N and N programs have resulted in serious work force <unk> problems |
suppliers and <unk> are experiencing heightened pressure to support delivery schedules |
and of course there 's the <unk> labor situation |
besides the machinists pact accords representing N of the company 's engineering and technical employees in the <unk> sound and wichita kan. areas expire in early december |
also a contract with the united auto workers at the company 's helicopter plant in philadelphia expired oct. N |
this contract covering about N hourly production and maintenance workers is being extended on a day-to-day basis |
the machinists rejected a proposal featuring a N N base wage increase over the life of the three-year contract plus bonuses of N N the first year and N N the second |
on top of that boeing would make cost-of-living adjustments projected to be N N for each year of the contract |
the union though has called the offer <unk> |
the company reiterated yesterday that it 's willing to <unk> the package but not add to the substance of it |
for the nine months boeing 's net increased N N to $ N million or $ N a share from $ N million or $ N a share |
sales soared N N to $ N billion from $ N billion |
in a separate matter the justice department yesterday said boeing agreed to pay the government $ N million to settle claims that the company provided inaccurate cost information to the air force while negotiating contracts to replace the aluminum <unk> on the <unk> tanker aircraft |
the settlement <unk> to four contracts negotiated from N to N prosecutors said |
they added that the settlement is the culmination of a N 1\/2-year investigation into the company 's aluminum pricing practices in connection with <unk> |
a boeing spokesman responded all along the company has said there was no grounds for criminal prosecution |
that was <unk> out by the justice department 's decision to settle the case |
foothills pipe lines ltd. filed an application with canadian regulators to build a N billion canadian dollar us$ N billion pipeline to transport natural gas from canada 's arctic to u.s. markets beginning in |
the application by foothills owned by calgary-based <unk> corp. of alberta and <unk> energy inc. of vancouver canada is expected to kick off what could be a contentious battle for the right to transport vast quantities of gas to southern markets from <unk> fields in canada 's mackenzie river delta |
this is a <unk> strike by foothills said rick <unk> natural gas manager of the calgary-based independent petroleum association of canada an industry group |
foothills wants to make it clear to other pipeline companies that it 's on first <unk> as <unk> gas from the arctic to southern markets mr. <unk> said |
at least two rival applications are expected to emerge in coming months including one from transcanada pipelines ltd. canada 's largest natural gas pipeline operator |
another is expected from a consortium of oil and gas producers who won conditional approval this month from canada 's national energy board to export about N trillion cubic feet of mackenzie delta gas to the u.s. starting in N |
the producers include shell canada ltd. a unit of royal <unk> group esso resources canada ltd. a unit of imperial oil ltd. which is <unk> by exxon corp. and gulf canada resources ltd. a unit of olympia & york developments ltd |
the national energy board approval of the exports just <unk> the starting flag for the next stage the rush to build facilities to transport the gas said bill <unk> an analyst with brady & <unk> a washington d.c. law firm |
foothills ' main rival to build a mackenzie delta pipeline is likely to be transcanada pipelines |
the toronto-based company together with tenneco inc. of houston has had an incomplete proposal filed with canadian regulators since N that it is now <unk> |
like foothills transcanada 's <unk> gas consortium plans to build a pipeline directly south from the mackenzie river delta in canada 's western arctic with an initial capacity to transport N billion cubic feet of gas daily |
industry sources said they expect a fierce battle to emerge between transcanada which has a monopoly on canadian gas transportation east of alberta and <unk> and <unk> which control the pipelines within and running west of alberta respectively |
this is virgin territory <unk> and it 's going to be nasty said one <unk> who asked not to be named |
neither is going to back down easily |
transcanada declined to comment on the foothills application |
but last week gerald <unk> president and chief executive officer of transcanada said the company intends to be a party to any transportation system that goes up there and that it would consider joint ventures with other players to ensure it has a role |
a number of issues still need to be resolved before canadian regulators give any project the final <unk> |
first the price of natural gas will have to almost double |
kent <unk> president of foothills said the company believes the project would be viable if gas prices reach us$ N a thousand cubic feet by N in current dollars up from a current spot price of about us$ N |
mr. <unk> 's us$ N estimate is somewhat below the $ N floor price that calgary-based consulting firm paul <unk> & co. recently said would be needed for mackenzie delta gas producers to see a return on their investment |
u.s. gas buyers must also decide whether they want to enter firm contracts for mackenzie delta gas or develop alaskan reserves in the <unk> bay area first a project that has been on hold for more than a decade |
robert <unk> chairman and chief executive of foothills said it 's too early to say whether alaskan or mackenzie delta gas would flow to market first |
but foothills said it plans to seek regulatory approval to build an alternative line the alaska natural gas transportation system further north toward alaska |
if that option is favored by gas buyers and regulators foothills said it would build another smaller pipeline connecting mackenzie delta reserves to the alaska <unk> |
it 's also likely that regulators will try to forge some kind of consensus between the would-be pipeline builders before undertaking any hearings into rival projects |
douglas <unk> vice president of shell canada noted that producers would prefer to avoid hearings into competing proposals that would <unk> the regulatory review process and <unk> down development |
<unk> pipe line co. an oil pipeline operator rumored to be <unk> a gas pipeline proposal of its own said that is n't in the cards |
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