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159
1 Combustion Engineering Inc. said third-quarter net income of $22.8 million, reversing a $91.7 million year-earlier loss. 2 The Stamford, Conn., power-generation products and services company said per-share earnings were 56 cents compared with the year-ago loss of $2.39. 3 Sales fell 1.5% to $884 million from $897.2 m...
4
Strong profit in the process industries , including chemical and pulp and paper , were offset by higher interest expense and by lower earnings as the company closed out certain long - term contracts .
certain
How much of the losses are attributed to the certain contracts?\n
29
30
101
159
1 Combustion Engineering Inc. said third-quarter net income of $22.8 million, reversing a $91.7 million year-earlier loss. 2 The Stamford, Conn., power-generation products and services company said per-share earnings were 56 cents compared with the year-ago loss of $2.39. 3 Sales fell 1.5% to $884 million from $897.2 m...
4
Strong profit in the process industries , including chemical and pulp and paper , were offset by higher interest expense and by lower earnings as the company closed out certain long - term contracts .
contracts
Are these contracts that are off the books now, leading to expect hirer profit contracts will be the norm moving forward?
33
34
102
159
1 Combustion Engineering Inc. said third-quarter net income of $22.8 million, reversing a $91.7 million year-earlier loss. 2 The Stamford, Conn., power-generation products and services company said per-share earnings were 56 cents compared with the year-ago loss of $2.39. 3 Sales fell 1.5% to $884 million from $897.2 m...
4
Strong profit in the process industries , including chemical and pulp and paper , were offset by higher interest expense and by lower earnings as the company closed out certain long - term contracts .
interest expense
what is interest expense?
18
20
103
159
1 Combustion Engineering Inc. said third-quarter net income of $22.8 million, reversing a $91.7 million year-earlier loss. 2 The Stamford, Conn., power-generation products and services company said per-share earnings were 56 cents compared with the year-ago loss of $2.39. 3 Sales fell 1.5% to $884 million from $897.2 m...
4
Strong profit in the process industries , including chemical and pulp and paper , were offset by higher interest expense and by lower earnings as the company closed out certain long - term contracts .
certain long - term contracts
What contracts did they close?
29
34
104
159
1 Combustion Engineering Inc. said third-quarter net income of $22.8 million, reversing a $91.7 million year-earlier loss. 2 The Stamford, Conn., power-generation products and services company said per-share earnings were 56 cents compared with the year-ago loss of $2.39. 3 Sales fell 1.5% to $884 million from $897.2 m...
5
Combustion reported improved profits in its automation and control products businesses , and it narrowed its losses in its public sector and environmental segment .
narrowed its losses
How did Combustion narrow its losses?
14
17
105
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
1
If bluebloods won ' t pay high prices for racehorses anymore , who will ?
bluebloods won ' t pay high prices for racehorses
Why will bluebloods no longer pay high prices for racehorses?
1
10
106
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
1
If bluebloods won ' t pay high prices for racehorses anymore , who will ?
bluebloods
what is bluebloods?
1
2
107
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
1
If bluebloods won ' t pay high prices for racehorses anymore , who will ?
bluebloods
what is a blueblood?
1
2
108
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
1
If bluebloods won ' t pay high prices for racehorses anymore , who will ?
bluebloods
What is a blueblood?
1
2
109
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
2
Breeders are betting on the common folk .
Breeders
why are they betting on common folk?
0
1
110
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
2
Breeders are betting on the common folk .
betting
How are they betting on them?
2
3
111
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
3
The Thoroughbred Owners and Breeders Association , a Lexington , Ky . - based trade group , has launched " seminars " for " potential investors " at race tracks around the country .
" seminars "
where are they held?
19
22
112
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
4
The group , which has held half a dozen seminars so far , also is considering promotional videos and perhaps a pitch to Wall Street investment bankers .
perhaps a pitch to Wall Street investment bankers
Why are they considering pitching to Wall Street bankers?
19
27
113
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
5
" People in this business have been insulated , " says Josh Pons , a horse breeder from Bel Air , Md . " But the real future of this game is in a number of people owning a few horses . "
" People in this business have been insulated , "
Why have people in the horserace business been insulated?
0
10
114
160
1 If bluebloods won't pay high prices for racehorses anymore, who will? 2 Breeders are betting on the common folk. 3 The Thoroughbred Owners and Breeders Association, a Lexington, Ky.-based trade group, has launched 'seminars' for 'potential investors' at race tracks around the country. 4 The group, which has held half...
5
" People in this business have been insulated , " says Josh Pons , a horse breeder from Bel Air , Md . " But the real future of this game is in a number of people owning a few horses . "
few horses
how many horses does he mean?
39
41
115
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
1
Britain ' s current account deficit dropped to # 1 . 6 billion ( $ 2 . 56 billion ) in September from an adjusted # 2 billion ( $ 3 . 21 billion ) the previous month , but the improvement comes amid increasing concern that a recession could strike the U . K . economy next year .
dropped
Why did Britain's current account deficit drop.
6
7
116
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
1
Britain ' s current account deficit dropped to # 1 . 6 billion ( $ 2 . 56 billion ) in September from an adjusted # 2 billion ( $ 3 . 21 billion ) the previous month , but the improvement comes amid increasing concern that a recession could strike the U . K . economy next year .
dropped
Why did Britain's account deficit drop?
6
7
117
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
2
The Confederation of British Industry ' s latest survey shows that business executives expect a pronounced slowdown , largely because of a 16 - month series of interest - rate increases that has raised banks ' base lending rates to 15 % .
pronounced slowdown ,
how pronounced was it?
15
18
118
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
2
The Confederation of British Industry ' s latest survey shows that business executives expect a pronounced slowdown , largely because of a 16 - month series of interest - rate increases that has raised banks ' base lending rates to 15 % .
business executives expect a pronounced slowdown ,
Which business executives?
11
18
119
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
2
The Confederation of British Industry ' s latest survey shows that business executives expect a pronounced slowdown , largely because of a 16 - month series of interest - rate increases that has raised banks ' base lending rates to 15 % .
interest - rate increases
Why did the interest-rate increase?
27
31
120
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
4
He also said investment by businesses is falling off .
falling off
Why is investment by business failling off?
7
9
121
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
4
He also said investment by businesses is falling off .
falling off
why exactly?
7
9
122
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
4
He also said investment by businesses is falling off .
investment by businesses is falling off
What does investment by businesses is falling off mean?
3
9
123
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
4
He also said investment by businesses is falling off .
falling off
Why is business investment falling off?
7
9
124
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
5
Of 1 , 224 companies surveyed , 31 % expect to cut spending on plant equipment and machinery , while only 28 % plan to spend more .
cut
Why did the companies surveyed cut their spending.
11
12
125
161
1 Britain's current account deficit dropped to #1.6 billion ($2.56 billion) in September from an adjusted #2 billion ($3.21 billion) the previous month, but the improvement comes amid increasing concern that a recession could strike the U.K. economy next year. 2 The Confederation of British Industry's latest survey sho...
5
Of 1 , 224 companies surveyed , 31 % expect to cut spending on plant equipment and machinery , while only 28 % plan to spend more .
28 % plan
why are they spending more?
21
24
126
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
1
Yields on certificates of deposit at major banks were little changed in the latest week .
Yields on certificates
What are yields on certificates of deposit?
0
3
127
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
1
Yields on certificates of deposit at major banks were little changed in the latest week .
latest
What exactly is the timeline and when is it being compared to?
13
14
128
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
2
The average yield on six - month CDs of $ 50 , 000 and less slipped to 7 . 96 % from 8 . 00 % , according to Banxquote Money Markets , an information service based here .
Banxquote Money Markets ,
Where is Banxquote Money Markets located?
29
33
129
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
2
The average yield on six - month CDs of $ 50 , 000 and less slipped to 7 . 96 % from 8 . 00 % , according to Banxquote Money Markets , an information service based here .
8 . 00 % ,
Is this considered a significant amount?
22
27
130
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
3
On one - year CDs of $ 50 , 000 and less , the average slid to 8 . 02 % from 8 . 06 % .
the average slid to 8 . 02 % from 8 . 06 %
Why did this average decrease?
13
26
131
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
3
On one - year CDs of $ 50 , 000 and less , the average slid to 8 . 02 % from 8 . 06 % .
8 . 06 %
How did this difference come about?
22
26
132
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
3
On one - year CDs of $ 50 , 000 and less , the average slid to 8 . 02 % from 8 . 06 % .
8 . 02 % from 8 . 06 %
is that small?
17
26
133
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
4
Both issues are among the most popular with individual investors .
among the most popular
Why are they among the most popular?
3
7
134
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
4
Both issues are among the most popular with individual investors .
Both issues are among the most popular
Why are these issues popular ?
0
7
135
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
4
Both issues are among the most popular with individual investors .
individual
What is the reasoning behind this?
8
9
136
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
4
Both issues are among the most popular with individual investors .
most popular
why are they popular?
5
7
137
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
5
" Because of shrinkage in the economy , rates can be expected to decline over a one - year horizon , " said Norberto Mehl , chairman of Banxquote . " It ' s unclear how much rates can fall and how soon . "
unclear how much rates can fall and how soon
How does one determine how soon and how much rates can fall?
34
43
138
162
1 Yields on certificates of deposit at major banks were little changed in the latest week. 2 The average yield on six-month CDs of $50,000 and less slipped to 7.96% from 8.00%, according to Banxquote Money Markets, an information service based here. 3 On one-year CDs of $50,000 and less, the average slid to 8.02% from ...
5
" Because of shrinkage in the economy , rates can be expected to decline over a one - year horizon , " said Norberto Mehl , chairman of Banxquote . " It ' s unclear how much rates can fall and how soon . "
shrinkage
what is shrinkage?
3
4
139
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
1
HomeFed Corp . said third - quarter net income slid 14 % to $ 23 . 9 million , or $ 1 . 10 per fully diluted share , from $ 27 . 9 million , or $ 1 . 21 a fully diluted share , because of increased bad assets and unexpected trouble in unloading foreclosed property .
unexpected trouble in unloading foreclosed
What caused the unexpected trouble in selling properties?
52
57
140
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
1
HomeFed Corp . said third - quarter net income slid 14 % to $ 23 . 9 million , or $ 1 . 10 per fully diluted share , from $ 27 . 9 million , or $ 1 . 21 a fully diluted share , because of increased bad assets and unexpected trouble in unloading foreclosed property .
bad assets
What makes their assets bad?
49
51
141
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
1
HomeFed Corp . said third - quarter net income slid 14 % to $ 23 . 9 million , or $ 1 . 10 per fully diluted share , from $ 27 . 9 million , or $ 1 . 21 a fully diluted share , because of increased bad assets and unexpected trouble in unloading foreclosed property .
fully diluted share ,
What is a fully diluted share?
25
29
142
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
2
The decline surprised analysts and jolted HomeFed ' s stock , which lost 8 . 6 % of its value , closing at $ 38 . 50 on the New York Stock Exchange , down $ 3 . 625 .
decline surprised analysts
Why were analysts suprprised by the decline?
1
4
143
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
2
The decline surprised analysts and jolted HomeFed ' s stock , which lost 8 . 6 % of its value , closing at $ 38 . 50 on the New York Stock Exchange , down $ 3 . 625 .
surprised analysts
Why did the decline surprise analysts?
2
4
144
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
3
HomeFed had been one of the handful of large West Coast thrifts that in recent quarters had counteracted interest - rate problems dogging the industry by keeping a lid on problem assets and lending heavily into the furious California housing market .
keeping a lid on problem assets
How had HomeFed been keeping a lid on problem assets?
26
32
145
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
4
Analysts had been projecting fully diluted earnings in the third quarter in the range of about $ 1 . 30 a share .
diluted earnings
What is a diluted earning?
5
7
146
163
1 HomeFed Corp. said third-quarter net income slid 14% to $23.9 million, or $1.10 per fully diluted share, from $27.9 million, or $1.21 a fully diluted share, because of increased bad assets and unexpected trouble in unloading foreclosed property. 2 The decline surprised analysts and jolted HomeFed's stock, which lost ...
5
However , HomeFed ' s loan originations and purchases plunged 26 % in the quarter , to $ 1 . 4 billion from $ 1 . 9 billion a year earlier .
originations
What is an origination?
6
7
147
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
1
MORGAN STANLEY , THE ONCE STODGY investment house , in 1974 helped a corporate client complete a hostile takeover .
hostile takeover
what is a hostile takeover
17
19
148
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
1
MORGAN STANLEY , THE ONCE STODGY investment house , in 1974 helped a corporate client complete a hostile takeover .
hostile
How did Morgan Stanley help the corporate client?
17
18
149
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
1
MORGAN STANLEY , THE ONCE STODGY investment house , in 1974 helped a corporate client complete a hostile takeover .
STODGY
what does stodgy mean?
5
6
150
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
1
MORGAN STANLEY , THE ONCE STODGY investment house , in 1974 helped a corporate client complete a hostile takeover .
helped a corporate client
Who was the corporate client?
11
15
151
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
2
It was the start of a boom in unfriendly , even ungentlemanly , mergers .
mergers
Who were the mergers with?
13
14
152
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
2
It was the start of a boom in unfriendly , even ungentlemanly , mergers .
unfriendly ,
Why was it unfriendly?
8
10
153
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
2
It was the start of a boom in unfriendly , even ungentlemanly , mergers .
ungentlemanly ,
why was it not gentlemanly?
11
13
154
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
3
On July 18 , 1974 , International Nickle of Canada - - advised by Morgan - - offered $ 28 a share , equal to $ 157 million , for ESB , a Philadelphia battery maker .
offered
Was ESB doing badly at the time?
17
18
155
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
4
ESB said it was given only a three - hour advance warning on a " take it or leave it " basis from Inco , as the Toronto company is called .
three - hour
Why was Inco in such a hurry for ESB to make a decision?
7
10
156
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
5
" ESB is aware that a hostile tender offer is being made by a foreign company for all of ESB ' s shares , " said F . J . Port , ESB ' s president . " Hostile " thus entered the merger - acquisition lexicon .
hostile
Why is it called a \"hostile tender offer?\"
6
7
157
164
1 MORGAN STANLEY, THE ONCE STODGY investment house, in 1974 helped a corporate client complete a hostile takeover. 2 It was the start of a boom in unfriendly, even ungentlemanly, mergers. 3 On July 18, 1974, International Nickle of Canada -- advised by Morgan -- offered $28 a share, equal to $157 million, for ESB, a Ph...
5
" ESB is aware that a hostile tender offer is being made by a foreign company for all of ESB ' s shares , " said F . J . Port , ESB ' s president . " Hostile " thus entered the merger - acquisition lexicon .
lexicon
what is a lexicon?
46
47
158
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
1
When the Trinity Repertory Theater named Anne Bogart its artistic director last spring , the nation ' s theatrical cognoscenti arched a collective eyebrow .
cognoscenti
what is cognoscenti?
19
20
159
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
1
When the Trinity Repertory Theater named Anne Bogart its artistic director last spring , the nation ' s theatrical cognoscenti arched a collective eyebrow .
arched a collective eyebrow
Why did this surprise the theatrical cognoscenti?
20
24
160
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
1
When the Trinity Repertory Theater named Anne Bogart its artistic director last spring , the nation ' s theatrical cognoscenti arched a collective eyebrow .
theatrical cognoscenti
What does this mean exactly?
18
20
161
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
2
Ms . Bogart , an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein ' s " South Pacific , " is decidedly downtown .
decidedly downtown
meaning what exactl?
29
31
162
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
2
Ms . Bogart , an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein ' s " South Pacific , " is decidedly downtown .
tear into such sacred texts
Why are these works considered sacred?
12
17
163
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
2
Ms . Bogart , an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein ' s " South Pacific , " is decidedly downtown .
decidedly downtown
What does downtown mean in this sense?
29
31
164
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
2
Ms . Bogart , an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein ' s " South Pacific , " is decidedly downtown .
tear into such sacred texts as Rodgers
What makes these texts sacred?
12
19
165
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
2
Ms . Bogart , an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein ' s " South Pacific , " is decidedly downtown .
decidedly downtown
what does that mean?
29
31
166
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
3
Trinity Rep meanwhile is one of the nation ' s oldest and most respected regional theaters , still hosting an annual " A Christmas Carol . "
still hosting an annual " A Christmas Carol
Why is this particular fact relevant?
17
25
167
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
3
Trinity Rep meanwhile is one of the nation ' s oldest and most respected regional theaters , still hosting an annual " A Christmas Carol . "
" A Christmas
with the three ghosts?
21
24
168
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
4
How would this bastion of traditional values fare in Ms . Bogart ' s iconoclastic hands ?
iconoclastic
what is iconoclastic?
14
15
169
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
4
How would this bastion of traditional values fare in Ms . Bogart ' s iconoclastic hands ?
iconoclastic hands ?
Why is she considered an iconoclast for creating new works?
14
17
170
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
4
How would this bastion of traditional values fare in Ms . Bogart ' s iconoclastic hands ?
bastion of traditional values
What makes christmas carolling in a theatrical context traditional?
3
7
171
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
4
How would this bastion of traditional values fare in Ms . Bogart ' s iconoclastic hands ?
iconoclastic
definition of this word?
14
15
172
165
1 When the Trinity Repertory Theater named Anne Bogart its artistic director last spring, the nation's theatrical cognoscenti arched a collective eyebrow. 2 Ms. Bogart, an acclaimed creator of deconstructed dramatic collages that tear into such sacred texts as Rodgers and Hammerstein's 'South Pacific,' is decidedly dow...
5
She held her fire with her first production at the Trinity earlier this season .
held her fire
what does held her fire mean here?
1
4
173
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
1
California legislators , searching for ways to pay for the $ 4 billion to $ 6 billion in damages from last week ' s earthquake , are laying the groundwork for a temporary increase in the state ' s sales tax .
California legislators ,
Who are the California legislators?
0
3
174
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
1
California legislators , searching for ways to pay for the $ 4 billion to $ 6 billion in damages from last week ' s earthquake , are laying the groundwork for a temporary increase in the state ' s sales tax .
temporary increase in the state ' s sales tax
How a temporary increase in the state's sales tax is going to help pay the $4 billion to $6 billion ?
32
41
175
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
1
California legislators , searching for ways to pay for the $ 4 billion to $ 6 billion in damages from last week ' s earthquake , are laying the groundwork for a temporary increase in the state ' s sales tax .
temporary increase in the state ' s sales tax
How much will the state's sales tax be increased?
32
41
176
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
2
The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is willing to spend to aid in California ' s earthquake relief efforts .
follows a rebuff from Congress
What prompted the rebuff from Congress?
7
12
177
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
2
The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is willing to spend to aid in California ' s earthquake relief efforts .
federal government
why is federal government answerable to congress?
19
21
178
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
2
The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is willing to spend to aid in California ' s earthquake relief efforts .
a rebuff from Congress
How did Congress rebuff this issue?
8
12
179
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
3
The state had sought as much as $ 4 . 1 billion in relief , but yesterday the House approved a more general scaled - back measure calling for $ 2 . 85 billion in aid , the bulk of which would go to California , with an unspecified amount going to regions affected by Hurricane Hugo .
House approved a more general scaled - back measure
Why did the House decide on this change?
18
27
180
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
3
The state had sought as much as $ 4 . 1 billion in relief , but yesterday the House approved a more general scaled - back measure calling for $ 2 . 85 billion in aid , the bulk of which would go to California , with an unspecified amount going to regions affected by Hurricane Hugo .
unspecified
Why was the amount unspecified?
48
49
181
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
3
The state had sought as much as $ 4 . 1 billion in relief , but yesterday the House approved a more general scaled - back measure calling for $ 2 . 85 billion in aid , the bulk of which would go to California , with an unspecified amount going to regions affected by Hurricane Hugo .
unspecified amount
why an unspecified amount going to regions affected by Hurricane Hugo?
48
50
182
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
3
The state had sought as much as $ 4 . 1 billion in relief , but yesterday the House approved a more general scaled - back measure calling for $ 2 . 85 billion in aid , the bulk of which would go to California , with an unspecified amount going to regions affected by Hurricane Hugo .
regions affected by Hurricane Hugo
What regions were affected by Hurricane Hugo?
52
57
183
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
4
That leaves the state roughly $ 2 billion to $ 4 billion short .
roughly $ 2 billion to $ 4 billion short
Why would the state be left billions of dollars short?
4
13
184
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
4
That leaves the state roughly $ 2 billion to $ 4 billion short .
$ 2 billion to $ 4 billion short .
why is the state short of $2 billion to $4 billion ?
5
14
185
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
5
A sales tax increase appears to be the fastest and easiest to raise funds in a hurry .
raise funds in a hurry
Why do the funds need to be raised in a hurry?
12
17
186
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
5
A sales tax increase appears to be the fastest and easiest to raise funds in a hurry .
A sales tax increase
why a sales tax increase be the fastest and easiest to raise funds ?
0
4
187
166
1 California legislators, searching for ways to pay for the $4 billion to $6 billion in damages from last week's earthquake, are laying the groundwork for a temporary increase in the state's sales tax. 2 The talk of a sales tax rise follows a rebuff from Congress on the question of how much the federal government is wi...
5
A sales tax increase appears to be the fastest and easiest to raise funds in a hurry .
the fastest and easiest to raise funds
Why is a sales tax increase the fastest and easiest way to raise funds?
7
14
188
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
1
The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law .
significance
What was the significance?
8
9
189
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
1
The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law .
new guidelines
What are some of the new guidelines?
11
13
190
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
2
The guidelines were distributed to U . S . attorneys last summer but were disclosed for the first time by press reports this week .
guidelines
What are the guidelines?
1
2
191
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
2
The guidelines were distributed to U . S . attorneys last summer but were disclosed for the first time by press reports this week .
this week
which week was it?
22
24
192
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
3
They discourage prosecutors , under certain circumstances , from seeking court orders seizing the assets of racketeering defendants prior to trial .
under certain circumstances
What are the cirsumstances?
4
7
193
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
3
They discourage prosecutors , under certain circumstances , from seeking court orders seizing the assets of racketeering defendants prior to trial .
racketeering defendants
how do they do that?
16
18
194
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
3
They discourage prosecutors , under certain circumstances , from seeking court orders seizing the assets of racketeering defendants prior to trial .
under certain circumstances ,
What are some of the circumstances?
4
8
195
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
4
But David Runkel , chief Justice Department spokesman , said the guidelines " are a codification and a clarification far more than a new direction . "
codification and a clarification
What does Runkel mean by this?
15
19
196
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
4
But David Runkel , chief Justice Department spokesman , said the guidelines " are a codification and a clarification far more than a new direction . "
" are
what is a codification?
12
14
197
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
5
Use of the Racketeer Influenced and Corrupt Organizations law against white - collar defendants , as opposed to alleged organized - crime figures , has come under attack from some defense lawyers and legal scholars .
some defense lawyers
Who are the defense lawyers?
29
32
198
167
1 The Justice Department scrambled to play down the significance of its new guidelines concerning prosecutions under the federal racketeering law. 2 The guidelines were distributed to U.S. attorneys last summer but were disclosed for the first time by press reports this week. 3 They discourage prosecutors, under certai...
5
Use of the Racketeer Influenced and Corrupt Organizations law against white - collar defendants , as opposed to alleged organized - crime figures , has come under attack from some defense lawyers and legal scholars .
law against white - collar defendants ,
How can RICO be used against white collar criminals?
8
15
199
168
1 Johnson & Johnson reported a 10% rise in third-quarter net income on a 12% sales increase-results that were driven particularly by new products including pharmaceuticals and the company's professional operations. 2 Net for the New Brunswick, N.J., maker of health-care products climbed to $265 million, or 80 cents a s...
1
Johnson & Johnson reported a 10 % rise in third - quarter net income on a 12 % sales increase - results that were driven particularly by new products including pharmaceuticals and the company ' s professional operations .
Johnson & Johnson
What is Johnson & Johnson
0
3