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while georgia-pacific 's stock has outperformed the market in the past two years nekoosa has lagged the market in the same period |
yesterday 's rise in nekoosa 's share price came on volume of N shares four times the daily average |
according to dow jones professional investor report options trading in nekoosa was also heavy ranking only behind international business machines corp. and ual in volume on the chicago board options exchange |
according to the value line investment survey demand for nekoosa 's commodity paper has weakened prompting earnings to decline by N N in the third quarter ended sept. N |
value line added with discounts widening on business papers and with newsprint and <unk> shipments flat we expect negative earnings comparisons through next year |
by contrast value line said georgia-pacific is in a <unk> good position to deal with weakening paper markets because its production is concentrated not in the northwest but in the south where it should be able to avoid some of the cost pressures from rising <unk> prices |
also it is n't exposed to the weakening newsprint business and is strong in the <unk> tissue business |
the purchase of nekoosa would easily <unk> georgia-pacific 's $ N million acquisition of <unk> pulp & paper co. last year |
that acquisition which also included the assumption of $ N million in debt was designed to allow georgia-pacific to capitalize on the strong demand for <unk> pulp as well as reduce its exposure to the housing market |
<unk> <unk> & co. is the <unk> for the offer which will expire nov. N unless extended |
ratners group plc 's u.s. subsidiary has agreed to acquire jewelry retailer weisfield 's inc. for $ N a share or about $ N million |
weisfield 's shares soared on the announcement yesterday closing up $ N to close at $ N in national over-the-counter trading |
ratners and weisfield 's said they reached an agreement in principle for the acquisition of weisfield 's by sterling inc |
the companies said the acquisition is subject to a definitive agreement |
they said they expect the transaction to be completed by dec. N |
weisfield 's based in seattle wash. currently operates N specialty jewelry stores in nine states |
in the fiscal year ended jan. N the company reported sales of $ N million and pretax profit of $ N million |
ratners which controls N N of the british jewelry market would increase the number of its u.s. stores to about N stores from N |
it has said it hopes to control N N of jewelry business in the u.s. by N currently it controls about N N |
mcdonnell douglas corp. received contracts totaling $ N million for N <unk> aircraft for the navy and helicopter spare parts for the army |
<unk> general corp. a unit of <unk> inc. was awarded a $ N million air force contract for <unk> missile rocket motors |
rockwell international corp. received a $ N million navy contract for <unk> <unk> missiles |
honeywell inc. got a $ N million navy contract for aircraft missile warning sets |
<unk> aircraft corp. a unit of <unk> co. received an $ N million air force contract for <unk> aircraft support |
<unk> devices inc. said it may purchase as many as one million of its common shares over the next several months |
<unk> also said that a one million share buy-back program announced in march is substantially complete |
the company which makes integrated circuits and other electronic parts now has about N million common shares outstanding |
in new york stock exchange composite trading yesterday <unk> devices closed at $ N up N cents |
john lehman 's editorial-page article on the pentagon as a <unk> house <unk> the real roots of its ghost population in the pentagon the <unk> walk oct. N |
the media 's treatment of the defense department during the vietnam war the carter administration 's <unk> of the military and the public <unk> of <unk> col. oliver north have all served to <unk> the poor <unk> who live there |
the resulting <unk> house tends to reward <unk> not leadership it creates <unk> about wearing the uniform and raises doubt about having the will to fulfill the ghosts ' role <unk> to be able to win if called on |
perhaps the halloween season is a good time for congress to be looking at funding for some <unk> equipment |
mike greece former air force career officer new york |
where does mr. lehman get off <unk> gen. george marshall for <unk> in on naval prerogatives |
ever since the days of alfred <unk> <unk> u.s. naval officer and naval <unk> and teddy <unk> the navy has been the service most favored by washington <unk> |
mr. lehman <unk> the fact that the navy <unk> its own air force the carrier fleet and its own army the <unk> which in turn has its own air force |
of course these turf <unk> are <unk> <unk> and potentially dangerous and should be resolved in the interest of national security but mr. lehman seems to be part of the problem rather than part of the answer |
<unk> <unk> <unk> texas |
i agree with mr. lehman N N |
is n't this the same guy who resigned as navy secretary because he could n't get his <unk> navy |
i personally do not want to <unk> mr. lehman 's demise but i can see him figuring <unk> in his own article |
carl <unk> jr birmingham mich |
for the sixth time in as many years continental airlines has a new senior executive |
gone is d. joseph corr the airline 's chairman chief executive and president appointed only last december |
mr. corr resigned to pursue other business interests the airline said |
he could not be reached for comment |
succeeding him as chairman and chief executive will be frank lorenzo chairman and chief executive of continental 's parent texas air corp |
mr. lorenzo N years old is <unk> the job that was his before mr. corr signed on |
the airline also named <unk> <unk> as president |
mr. <unk> N is a <unk> veteran of texas air and texas international airlines its predecessor |
most recently he had been executive vice president for planning and finance at texas air |
top executives at continental have n't lasted long especially those recruited from outside |
but mr. corr 's tenure was shorter than most |
the <unk> mr. corr was hired largely because he was credited with returning trans world airlines inc. to profitability while he was its president from N to N |
before that he was an executive with a manufacturing concern |
at continental he cut money-losing operations which helped produce a modest profit in this year 's second quarter |
but mr. corr a <unk> pilot in his spare time was understood to be frustrated by what he regarded as limited freedom under mr. lorenzo |
while not officially an executive at continental during mr. corr 's tenure mr. lorenzo is known for keeping close <unk> on texas air 's operating units |
continental is texas air 's flagship and was built painfully to its present size under mr. lorenzo after emerging from bankruptcy proceedings in N |
it 's unclear what role if any mr. lorenzo 's recent exploration of a possible sale of a stake in continental had in mr. corr 's departure |
one source familiar with the airline said however that mr. corr was n't informed in advance during the summer when mr. lorenzo began discussions with potential buyers |
during his tenure mr. corr attempted through a series of meetings to inform managers of some of the company 's future plans traveled widely to talk to employees and backed training sessions designed to improve the carrier 's image |
mr. <unk> is one of a handful of executives mr. lorenzo has relied on over the years |
previously he had served in financial planning positions at the company 's eastern airlines unit |
another longtime ally phil <unk> currently heads eastern now in chapter N bankruptcy proceedings |
mr. <unk> previously had a turn at running continental |
among the other <unk> are stephen wolf now chairman of ual inc. and thomas <unk> president of pan am corp |
<unk> cos. said its <unk> payments have been extended until may N N to give it more time to sell its wilson foods corp. retail and fresh meat operations |
the company was to repay $ N million in debt on dec. N and $ N million on march N |
the company acquired the debt when it paid $ N million to purchase wilson last year |
an agreement to sell the wilson assets for $ N million in cash and notes collapsed in late september when the buyer a company controlled by george gillett could n't secure financing |
companies listed below reported quarterly profit substantially different from the average of analysts ' estimates |
the companies are followed by at least three analysts and had a minimum five-cent change in actual earnings per share |
estimated and actual results involving losses are omitted |
the percent difference compares actual profit with the 30-day estimate where at least three analysts have issues forecasts in the past N days |
otherwise actual profit is compared with the 300-day estimate |
charles d way president of this restaurant operator assumed the additional post of chief executive officer |
he succeeds alvin a. mccall in the position |
mr. mccall will remain chairman |
australia 's inflation is expected to rise as high as N N in the quarter ending march N but could fall to around N N by june according to economists |
the government said the consumer price index rose N N in the quarter ended sept. N from the previous quarter and N N from a year ago |
charles a. pearce N years old will retire from his post as chief executive officer of this bank holding company effective dec. N |
he will remain chairman |
charles r. simpson jr. N president and chief operating officer will assume the chief executive 's post |
it is a peaceful time in this part of western india |
the summer crop is <unk> winter <unk> has yet to begin |
farmers in loose <unk> and fancy <unk> spend their <unk> laughing and <unk> at the markets |
one could imagine such a <unk> in the lives of the arabs before the <unk> of oil prices |
for just as the arabs were in the 1960s the farmers of sidhpur are on the brink of global power and fame |
the arabs had merely oil |
these farmers may have a grip on the world 's very heart |
or at least its heart disease |
that is because sidhpur has a <unk> on the world 's supply of <unk> seed also known as <unk> <unk> or in western <unk> psyllium a tiny <unk> <unk> seed that according to early research may reduce cholesterol levels in the blood |
ever since the link to cholesterol was disclosed americans have begun <unk> up psyllium in their breakfast <unk> |
if further research proves the seed 's benefits this dusty farm district could become the epicenter of a <unk> fad to rival all <unk> since <unk> oil |
this seed 's not grown anywhere else in india or anywhere else in the world says <unk> <unk> a vice president of procter & gamble india ltd. a major psyllium buyer and <unk> |
the proper <unk> conditions do n't exist in many places in the world |
<unk> patel a <unk> and exporter of the seed <unk> if psyllium takes the place of oat bran it will be huge |
whether psyllium makes sidhpur 's fortune depends on <unk> americans the u.s. food and drug administration and of course the outcome of further research |
only one thing is certain here <unk> is likely to remain solely an export item from sidhpur for a long time |
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