Working/NNP Woman/NNP and/CC Working/NNP Mother/NNP have/VBP operated/VBN as/IN part/NN of/IN Working/NNP Woman\/McCall/NNP 's/POS Group/NNP ,/, a/DT less-than-successful/JJ joint/JJ venture/NN between/IN Mr./NNP Lang/NNP and/CC Time/NN Warner/NNP Inc/NNP ./. 
The/DT joint/JJ venture/NN is/VBZ being/VBG undone/VBN ,/, with/IN McCall/NNP 's/POS magazine/NN being/VBG sold/VBN last/JJ summer/NN to/TO the/DT New/NNP York/NNP Times/NNP Co./NNP 's/POS Magazine/NNP Group/NNP for/IN about/RB $/$ 80/CD million/CD ,/, and/CC Time/NN Warner/NNP agreeing/VBG to/TO sell/VB back/RP its/PRP$ 50/CD %/NN interest/NN in/IN Working/NNP Woman/NNP and/CC Working/NNP Mother/NNP to/TO Mr./NNP Lang/NNP ./. 
Executives/NNS at/IN Time/NNP Inc/NNP ./. Magazine/NNP Co./NNP ,/, a/DT subsidiary/NN of/IN Time/NNP Warner/NNP ,/, have/VBP said/VBN the/DT joint/JJ venture/NN with/IN Mr./NNP Lang/NNP was/VBD n't/RB a/DT good/JJ one/CD ./. 
The/DT venture/NN ,/, formed/VBN in/IN 1986/CD ,/, was/VBD supposed/VBN to/TO be/VB Time/NNP 's/POS low-cost/JJ ,/, safe/JJ entry/NN into/IN women/NNS 's/POS magazines/NNS ./. 
Mr./NNP Lang/NNP surprised/VBD Time/NNP soon/RB after/IN joining/VBG forces/NNS when/WRB he/PRP said/VBD he/PRP would/MD negotiate/VB rates/NNS individually/RB with/IN advertisers/NNS ,/, a/DT practice/NN common/JJ in/IN broadcasting/NN but/CC considered/VBN taboo/NN by/IN magazine/NN publishers/NNS ./. 
In/IN addition/NN ,/, McCall/NNP 's/POS put/VBD in/RP a/DT less/RBR than/IN stellar/JJ performance/NN ./. 
Until/IN a/DT recent/JJ comeback/NN ,/, it/PRP saw/VBD steep/JJ losses/NNS in/IN ad/NN pages/NNS and/CC circulation/NN ./. 
Time/NNP executives/NNS complained/VBD about/IN the/DT shoddy/JJ editorial/JJ quality/NN ,/, and/CC in/IN the/DT end/NN ,/, one/CD Time/NNP executive/NN who/WP asked/VBD not/RB to/TO be/VB identified/VBN said/VBD ,/, ``/`` Frankly/RB ,/, McCall/NNP 's/POS and/CC the/DT joint/JJ venture/NN were/VBD an/DT embarrassment/NN ./. ''/'' 
Mr./NNP Lang/NNP feels/VBZ that/DT Time/NNP 's/POS priorities/NNS changed/VBD ./. 
``/`` Their/PRP$ management/NN changed/VBD right/RB after/IN {/( the/DT venture/NN was/VBD formed/VBN }/) ,/, and/CC I/PRP do/VBP n't/RB think/VB they/PRP were/VBD comfortable/JJ getting/VBG into/IN the/DT competitive/JJ wars/NNS of/IN women/NNS 's/POS service/NN magazines/NNS ./. ''/'' 
Today/NN ,/, Mr./NNP Lang/NNP believes/VBZ his/PRP$ magazines/NNS will/MD offer/VB what/WP many/JJ women/NNS 's/POS magazines/NNS do/VBP n't/RB ./. 
``/`` We/PRP write/VBP straight/RB for/IN women/NNS on/IN their/PRP$ level/NN ,/, ''/'' he/PRP said/VBD ./. 
``/`` We/PRP do/VBP n't/RB have/VB passive/JJ readers/NNS ./. ''/'' 
Mr./NNP Lang/NNP points/VBZ out/RP that/IN even/RB Success/NNP ,/, in/IN part/NN ,/, fits/VBZ the/DT company/NN 's/POS image/NN ,/, since/IN about/RB 30/CD %/NN of/IN its/PRP$ readership/NN is/VBZ female/JJ ./. 
Mr./NNP Lang/NNP has/VBZ named/VBN Carol/NNP Taber/NNP ,/, 43/CD ,/, as/IN group/NN publisher/NN of/IN New/NNP York-based/JJ Lang/NNP Communications/NNP ./. 
She/PRP will/MD oversee/VB Working/NNP Woman/NNP ,/, Working/NNP Mother/NNP and/CC Success/NNP magazines/NNS ,/, and/CC retain/VB her/PRP post/NN as/IN publisher/NN of/IN Working/NNP Woman/NNP ./. 
The/DT sale/NN price/NN of/IN McCall/NNP 's/POS --/: twice/RB what/WP Mr./NNP Lang/NNP originally/RB paid/VBD for/IN it/PRP --/: will/MD finance/VB Lang/NNP Communications/NNP '/' buy-back/NN of/IN Time/NNP Warner/NNP 's/POS 50/CD %/NN interest/NN in/IN Working/NNP Woman/NNP and/CC Working/NNP Mother/NNP ./. 
Mr./NNP Lang/NNP says/VBZ he/PRP is/VBZ n't/RB scouting/VBG new/JJ acquisitions/NNS ,/, at/IN least/JJS for/IN now/RB ./. 
``/`` We/PRP would/MD have/VB to/TO go/VB outside/RB to/TO banks/NNS to/TO get/VB the/DT money/NN and/CC I/PRP am/VBP not/RB ready/JJ to/TO do/VB that/DT ,/, ''/'' he/PRP said/VBD ./. 
``/`` Besides/RB ,/, we/PRP have/VBP enough/NN on/IN our/PRP$ plate/NN ./. 
There/EX is/VBZ plenty/NN of/IN work/NN to/TO be/VB done/VBN on/IN what/WP we/PRP have/VBP ./. 
Britain/NNP 's/POS Monopolies/NNP and/CC Mergers/NNP Commission/NNP Wednesday/NNP cleared/VBD Rhone-Poulenc/NNP S.A./NNP 's/POS purchase/NN of/IN a/DT specialty/NN bulk-chemical/NN unit/NN from/IN Monsanto/NNP Co./NNP ,/, saying/VBG the/DT purchase/NN was/VBD unlikely/JJ to/TO have/VB any/DT lasting/JJ impact/NN on/IN U.K./NNP industrial/JJ consumers/NNS ./. 
The/DT commission/NN ,/, which/WDT was/VBD asked/VBN to/TO study/VB the/DT deal/NN by/IN the/DT Department/NNP of/IN Trade/NNP and/CC Industry/NNP after/IN its/PRP$ announcement/NN in/IN February/NNP ,/, said/VBD the/DT diversity/NN of/IN global/JJ supply/NN of/IN chemicals/NNS used/VBN in/IN making/VBG analgesic/JJ drugs/NNS was/VBD great/JJ enough/RB to/TO offset/VB the/DT dominant/JJ U.K./NNP market/NN share/NN Rhone-Poulenc/NNP would/MD gain/VB through/IN the/DT acquisition/NN ./. 
The/DT French/NNP chemical/NN giant/NN would/MD hold/VB an/DT 80/CD %/NN share/NN of/IN the/DT U.K./NNP market/NN for/IN salicylic/JJ acid/NN ,/, methyl/NN salicylate/NN and/CC bulk/JJ aspirin/NN ./. 
The/DT commission/NN found/VBD that/IN if/IN the/DT British/JJ government/NN attempted/VBD to/TO block/VB the/DT merger/NN ,/, Rhone-Poulenc/NNP would/MD likely/RB respond/VB by/IN closing/VBG the/DT salicylates/NNS plant/NN Monsanto/NNP operates/VBZ in/IN Wales/NNP ,/, removing/VBG the/DT matter/NN from/IN U.K./NNP jurisdiction/NN ./. 
Morrison/NNP Knudsen/NNP Corp./NNP posted/VBD third-quarter/JJ net/JJ income/NN of/IN $/$ 7.9/CD million/CD ,/, or/CC 69/CD cents/NNS a/DT share/NN ,/, continuing/VBG a/DT rebound/NN from/IN steep/JJ year-ago/JJ losses/NNS ./. 
In/IN the/DT third/JJ quarter/NN a/DT year-earlier/NN ,/, the/DT construction/NN and/CC engineering/NN concern/NN posted/VBD a/DT loss/NN of/IN $/$ 51.2/CD million/CD ,/, or/CC $/$ 4.68/CD a/DT share/NN ./. 
Revenue/NN in/IN the/DT latest/JJS quarter/NN rose/VBD 14/CD %/NN to/TO $/$ 589/CD million/CD from/IN $/$ 515.1/CD million/CD ./. 
In/IN composite/JJ trading/NN on/IN the/DT New/NNP York/NNP Stock/NNP Exchange/NNP ,/, Morrison/NNP gained/VBD $/$ 2.25/CD to/TO $/$ 44.125/CD ./. 
Morrison/NNP said/VBD the/DT engineering/NN and/CC construction/NN segment/NN performed/VBD well/RB ,/, with/IN the/DT mining/NN and/CC MK-Ferguson/NNP operations/NNS making/VBG important/JJ contributions/NNS ./. 
Boise/NNP ,/, Idaho-based/JJ Morrison/NNP had/VBD losses/NNS totaling/VBG $/$ 186/CD million/CD over/IN the/DT two/CD years/NNS ended/VBN in/IN December/NNP ,/, but/CC it/PRP has/VBZ surged/VBN back/RB to/TO profitability/NN as/IN a/DT result/NN of/IN cost-cutting/NN and/CC shedding/NN of/IN unprofitable/JJ operations/NNS ./. 
In/IN the/DT nine/CD months/NNS ,/, the/DT company/NN 's/POS net/JJ income/NN was/VBD $/$ 21.5/CD million/CD ,/, or/CC $/$ 1.88/CD a/DT share/NN ,/, compared/VBN with/IN a/DT year-earlier/JJ loss/NN of/IN $/$ 97.8/CD million/CD ,/, or/CC $/$ 8.96/CD a/DT share/NN ./. 
Revenue/NN rose/VBD 17/CD %/NN to/TO $/$ 1.62/CD billion/CD from/IN $/$ 1.39/CD billion/CD ./. 
The/DT House/NNP Ethics/NNP Committee/NNP officially/RB cited/VBD Rep./NNP Jim/NNP Bates/NNP (/( D./NNP ,/, Calif/NNP ./. )/) for/IN sexually/RB harassing/VBG two/CD female/JJ employees/NNS ,/, but/CC did/VBD n't/RB recommend/VB formal/JJ disciplinary/JJ action/NN ./. 
Rep./NNP Bates/NNP said/VBD he/PRP accepted/VBD the/DT finding/NN ,/, but/CC one/CD of/IN the/DT victims/NNS ,/, Dorena/NNP Bertussi/NNP ,/, denounced/VBD the/DT ethics/NNS panel/NN 's/POS action/NN as/IN ``/`` absurd/JJ ./. ''/'' 
Acting/VBG more/RBR than/IN a/DT year/NN after/IN Ms./NNP Bertussi/NNP filed/VBD a/DT complaint/NN ,/, the/DT panel/NN issued/VBD a/DT ``/`` letter/NN of/IN reproval/NN ''/'' saying/VBG Rep./NNP Bates/NNP had/VBD admitted/VBN conduct/NN that/WDT violated/VBD a/DT House/NNP rule/NN forbidding/VBG discrimination/NN against/IN employees/NNS on/IN account/NN of/IN their/PRP$ sex/NN ./. 
It/PRP ordered/VBD Rep./NNP Bates/NNP to/TO write/VB letters/NNS of/IN apology/NN to/TO Ms./NNP Bertussi/NNP and/CC to/TO a/DT second/JJ complainant/NN ,/, Karen/NNP Dryden/NNP ./. 
Rep./NNP Bates/NNP said/VBD he/PRP would/MD write/VB the/DT letters/NNS as/IN ordered/VBN ./. 
``/`` I/PRP accept/VBP the/DT resolution/NN of/IN the/DT matter/NN by/IN the/DT Ethics/NNP Committee/NNP ,/, ''/'' he/PRP said/VBD ./. 
The/DT panel/NN also/RB warned/VBD Rep./NNP Bates/NNP that/IN any/DT further/JJ violations/NNS ``/`` may/MD result/VB in/IN a/DT recommendation/NN that/IN disciplinary/JJ action/NN be/VB considered/VBN ./. ''/'' 
But/CC Ms./NNP Bertussi/NNP asked/VBD ,/, ``/`` Who/WP in/IN their/PRP$ right/JJ mind/NN is/VBZ going/VBG to/TO file/VB another/DT complaint/NN with/IN the/DT Ethics/NNP Committee/NNP ?/. ''/'' 
Rep./NNP Bates/NNP has/VBZ publicly/RB begged/VBN for/IN forgiveness/NN from/IN voters/NNS and/CC was/VBD re-elected/VBN with/IN 60/CD %/NN of/IN the/DT vote/NN last/JJ November/NNP ./. 
Mesa/NNP Airlines/NNP said/VBD the/DT takeover/NN offer/NN it/PRP received/VBD earlier/RBR this/DT week/NN from/IN StatesWest/NNP Airlines/NNP is/VBZ for/IN a/DT combination/NN of/IN cash/NN and/CC securities/NNS valued/VBN by/IN StatesWest/NNP at/IN $/$ 10/CD a/DT Mesa/NNP share/NN ./. 
Both/DT companies/NNS are/VBP regional/JJ carriers/NNS in/IN the/DT Southwest/NNP ./. 
When/WRB it/PRP made/VBD the/DT offer/NN ,/, StatesWest/NNP declined/VBD to/TO disclose/VB details/NNS and/CC asked/VBD Mesa/NNP to/TO do/VB the/DT same/JJ ./. 
But/CC Farmington/NNP ,/, N.M.-based/JJ Mesa/NNP said/VBD the/DT offer/NN was/VBD for/IN $/$ 7/CD in/IN cash/NN and/CC unspecified/JJ StatesWest/NNP securities/NNS valued/VBN at/IN $/$ 3/CD a/DT share/NN ./. 
Based/VBN on/IN the/DT number/NN of/IN Mesa/NNP shares/NNS outstanding/JJ not/RB already/RB owned/VBN by/IN StatesWest/NNP ,/, the/DT proposed/JJ takeover/NN would/MD have/VB a/DT value/NN of/IN about/RB $/$ 15.3/CD million/CD ./. 
StatesWest/NNP owns/VBZ 7.25/CD %/NN of/IN Mesa/NNP ./. 
Last/JJ week/NN ,/, Mesa/NNP rejected/VBD a/DT general/JJ proposal/NN from/IN StatesWest/JJS that/IN the/DT two/CD carriers/NNS combine/VB ./. 
In/IN response/NN to/TO the/DT specific/JJ offer/NN ,/, Gary/NNP Risley/NNP ,/, Mesa/NNP vice/NN president/NN ,/, said/VBD management/NN will/MD ask/VB directors/NNS to/TO employ/VB a/DT financial/JJ consultant/NN to/TO advise/VB them/PRP ./. 
Hawker/NNP Siddeley/NNP Group/NNP PLC/NNP ,/, a/DT U.K./NNP engineering/NN company/NN ,/, reported/VBD a/DT 16/CD %/NN jump/NN in/IN pretax/JJ profit/NN for/IN the/DT six-month/JJ period/NN ending/VBG June/NNP 30/CD ./. 
Pretax/JJ profit/NN rose/VBD to/TO #/# 93.2/CD million/CD (/( $/$ 146.8/CD million/CD )/) from/IN #/# 80.6/CD million/CD (/( $/$ 127/CD million/CD )/) ,/, matching/VBG analysts/NNS '/' expectations/NNS ,/, which/WDT ranged/VBD from/IN #/# 90/CD million/CD to/TO #/# 95/CD million/CD ./. 
Profit/NN after/IN taxes/NNS and/CC minority/NN interests/NNS increased/VBD 16/CD %/NN to/TO #/# 55.2/CD million/CD from/IN #/# 47.6/CD million/CD in/IN the/DT year-earlier/JJ period/NN ,/, while/IN earnings/NNS per/IN share/NN rose/VBD 16/CD %/NN to/TO 27.9/CD pence/NNS (/( 44/CD cents/NNS )/) from/IN 24.1/CD pence/NNS (/( 38/CD cents/NNS )/) ./. 
Hawker/NNP Siddeley/NNP said/VBD its/PRP$ core/JJ electrical/JJ products/NNS division/NN enjoyed/VBD strong/JJ growth/NN ,/, with/IN a/DT 20/CD %/NN rise/NN in/IN operating/NN profit/NN during/IN the/DT period/NN ./. 
Fleet\/Norstar/NNP Financial/NNP Group/NNP reported/VBD a/DT 12/CD %/NN increase/NN in/IN net/JJ income/NN in/IN the/DT third/JJ quarter/NN ,/, led/VBN by/IN a/DT 43/CD %/NN gain/NN in/IN its/PRP$ financial/JJ services/NNS group/NN ./. 
Fleet/NNP 's/POS net/NN was/VBD $/$ 96.4/CD million/CD ,/, or/CC 86/CD cents/NNS a/DT primary/JJ share/NN ,/, compared/VBN with/IN $/$ 85.8/CD million/CD ,/, or/CC 79/CD cents/NNS a/DT share/NN ,/, a/DT year/NN earlier/RBR ./. 
The/DT Providence/NNP ,/, R.I./NNP ,/, financial/JJ services/NNS group/NN ,/, which/WDT includes/VBZ commercial-credit/NN ,/, leasing/NN and/CC mortgage-banking/NN operations/NNS ,/, contributed/VBD $/$ 30.6/CD million/CD to/TO net/NN ,/, up/RB from/IN last/JJ year/NN 's/POS $/$ 21.3/CD million/CD ./. 
Fleet/NNP also/RB noted/VBD that/IN ,/, unlike/IN other/JJ banking/NN companies/NNS in/IN the/DT Northeast/NNP ,/, it/PRP has/VBZ been/VBN only/RB marginally/RB hurt/VBN by/IN nonperforming/JJ loans/NNS that/WDT have/VBP resulted/VBN from/IN the/DT slumping/VBG regional/JJ real/JJ estate/NN market/NN ./. 
Fleet/NNP reported/VBD nine-month/JJ net/NN of/IN $/$ 279.0/CD million/CD ,/, or/CC $/$ 2.51/CD a/DT primary/JJ share/NN ,/, up/RB from/IN $/$ 248.2/CD million/CD ,/, or/CC $/$ 2.28/CD a/DT share/NN ,/, a/DT year/NN earlier/RBR ./. 
Benj/NNP ./. Franklin/NNP Federal/NNP Savings/NNP &/CC Loan/NNP Association/NNP said/VBD it/PRP expects/VBZ to/TO post/VB a/DT third-quarter/JJ net/JJ loss/NN of/IN about/RB $/$ 8/CD million/CD ,/, or/CC $/$ 1.04/CD a/DT share/NN ,/, as/IN a/DT result/NN of/IN adding/VBG $/$ 11/CD million/CD in/IN loan-loss/JJ reserves/NNS ./. 
The/DT Portland/NNP ,/, Ore./NNP ,/, thrift/NN ,/, which/WDT has/VBZ $/$ 5.2/CD billion/CD of/IN assets/NNS ,/, had/VBD net/JJ income/NN in/IN last/JJ year/NN 's/POS third/JJ quarter/NN of/IN $/$ 1.8/CD million/CD ,/, or/CC 23/CD cents/NNS a/DT share/NN ./. 
Franklin/NNP said/VBD it/PRP expects/VBZ to/TO report/VB earnings/NNS for/IN the/DT latest/JJS quarter/NN next/IN week/NN ./. 
The/DT additional/JJ reserves/NNS relate/VBP to/TO possible/JJ write-downs/NNS of/IN certain/JJ assets/NNS held/VBN by/IN Franklin/NNP and/CC its/PRP$ subsidiaries/NNS and/CC the/DT default/NN of/IN a/DT bond/NN in/IN its/PRP$ investment/NN portfolio/NN ,/, the/DT thrift/NN said/VBD ./. 
According/VBG to/TO a/DT spokeswoman/NN ,/, they/PRP also/RB relate/VBP to/TO changes/NNS Franklin/NNP will/MD have/VB to/TO make/VB in/IN its/PRP$ accounting/NN procedures/NNS to/TO comply/VB with/IN new/JJ federal/JJ capitalization/NN requirements/NNS for/IN thrifts/NNS ./. 
The/DT company/NN 's/POS shares/NNS closed/VBD yesterday/NN at/IN $/$ 4.25/CD ,/, off/RB 25/CD cents/NNS ,/, in/IN national/JJ over-the-counter/JJ trading/NN ./. 
Arkla/NNP Inc./NNP said/VBD that/IN as/IN part/NN of/IN a/DT program/NN to/TO improve/VB profitability/NN it/PRP will/MD take/VB a/DT total/NN of/IN $/$ 189/CD million/CD in/IN after-tax/JJ charges/NNS by/IN year/NN end/NN ./. 
It/PRP also/RB announced/VBD an/DT initial/JJ public/JJ offering/NN of/IN 18/CD %/NN of/IN its/PRP$ gas/NN exploration/NN and/CC production/NN subsidiary/NN ./. 
The/DT Shreveport/NNP ,/, La./NNP ,/, natural/JJ gas/NN company/NN said/VBD the/DT charges/NNS ,/, though/IN partially/RB offset/VBN by/IN a/DT one-time/JJ gain/NN from/IN the/DT offering/NN ,/, will/MD result/VB in/IN a/DT full-year/JJ after-tax/JJ loss/NN ./. 
Last/JJ year/NN ,/, the/DT company/NN had/VBD net/JJ income/NN of/IN $/$ 117.3/CD million/CD ,/, or/CC $/$ 1.30/CD a/DT share/NN ./. 
Arkla/NNP said/VBD it/PRP will/MD report/VB $/$ 179/CD milllion/NN in/IN one-time/JJ charges/NNS against/IN continuing/JJ operations/NNS for/IN the/DT third/JJ quarter/NN ,/, reflecting/VBG settlement/NN of/IN certain/JJ natural/JJ gas/NN contracts/NNS ./. 
It/PRP said/VBD it/PRP will/MD take/VB a/DT $/$ 10/CD million/CD fourth-quarter/JJ charge/NN against/IN discontinued/JJ operations/NNS ,/, reflecting/VBG certain/JJ write-downs/NNS and/CC the/DT planned/JJ sale/NN of/IN a/DT unit/NN ./. 
Arkla/NNP said/VBD its/PRP$ initial/JJ offering/NN of/IN 18/CD %/NN of/IN Arkla/NNP Exploration/NNP Co./NNP is/VBZ expected/VBN to/TO result/VB in/IN a/DT net/JJ gain/NN of/IN about/RB $/$ 90/CD million/CD ,/, which/WDT will/MD be/VB used/VBN to/TO pay/VB down/RP Arkla/NNP debt/NN ./. 
Arkla/NNP Exploration/NNP owns/VBZ sizable/JJ gas/NN and/CC crude-oil/NN reserves/NNS in/IN the/DT South/NNP and/CC Southwest/NNP ./. 
South/NNP Africa/NNP negotiated/VBD a/DT new/JJ debt/NN agreement/NN with/IN its/PRP$ major/JJ foreign/JJ creditors/NNS for/IN about/RB $/$ 8/CD billion/CD of/IN its/PRP$ foreign/JJ debt/NN outstanding/JJ ,/, said/VBD Chris/NNP Stals/NNP ,/, governor/NN of/IN the/DT Reserve/NNP Bank/NNP and/CC the/DT country/NN 's/POS chief/JJ debt/NN negotiator/NN ./. 
The/DT new/JJ agreement/NN will/MD last/VB for/IN 3/CD 1\/2/CD years/NNS starting/VBG July/NNP 1/CD ,/, 1990/CD ,/, when/WRB the/DT current/JJ agreement/NN expires/VBZ ./. 
The/DT announcement/NN coincides/VBZ with/IN the/DT start/NN of/IN the/DT Commonwealth/NNP Ministers/NNP Conference/NNP in/IN Kuala/NNP Lumpur/NNP ,/, where/WRB proposals/NNS for/IN renewed/JJ sanctions/NNS against/IN South/NNP Africa/NNP ,/, including/VBG moves/NNS to/TO block/VB settling/VBG of/IN a/DT new/JJ debt/NN agreement/NN ,/, were/VBD scheduled/VBN to/TO be/VB discussed/VBN ./. 
As/RB with/IN the/DT previous/JJ pact/NN ,/, the/DT new/JJ agreement/NN covers/VBZ the/DT country/NN 's/POS debt/NN ``/`` inside/IN the/DT net/NN ,/, ''/'' which/WDT applies/VBZ mainly/RB to/TO repayments/NNS due/JJ to/TO overseas/JJ creditor/NN banks/NNS by/IN the/DT private/JJ sector/NN ./. 
The/DT agreement/NN calls/VBZ for/IN South/JJ African/JJ debtors/NNS to/TO make/VB repayments/NNS in/IN eight/CD installments/NNS ,/, starting/VBG in/IN December/NNP of/IN next/JJ year/NN ./. 
The/DT redemption/NN then/RB would/MD be/VB at/IN 1.5/CD %/NN of/IN the/DT total/NN debt/NN ,/, increasing/VBG to/TO 2.5/CD %/NN in/IN February/NNP 1991/CD ,/, and/CC to/TO 3/CD %/NN at/IN six-month/JJ intervals/NNS thereafter/RB ./. 
A/DT revised/JJ provision/NN would/MD be/VB included/VBN for/IN the/DT conversion/NN of/IN short-term/JJ claims/NNS inside/IN the/DT net/NN to/TO long-term/JJ loans/NNS outside/IN the/DT net/NN ./. 
These/DT claims/NNS would/MD be/VB repayable/JJ over/IN a/DT 10-year/JJ period/NN ./. 
Foreign/JJ debt/NN falling/VBG outside/IN the/DT net/NN of/IN affected/VBN indebtedness/NN --/: which/WDT Mr./NNP Stahl/NNP estimated/VBD at/IN $/$ 12/CD billion/CD --/: would/MD remain/VB not/RB subject/JJ to/TO the/DT debt/NN arrangements/NNS ./. 
New/NNP York/NNP Times/NNP Co./NNP said/VBD net/JJ income/NN rose/VBD in/IN the/DT third/JJ quarter/NN because/IN of/IN a/DT one-time/JJ gain/NN on/IN the/DT sale/NN of/IN the/DT company/NN 's/POS cable-TV/NN system/NN ./. 
Net/NN surged/VBD to/TO $/$ 210.8/CD million/CD ,/, or/CC $/$ 2.68/CD a/DT share/NN ,/, from/IN $/$ 26.7/CD million/CD ,/, or/CC 33/CD cents/NNS a/DT share/NN ,/, a/DT year/NN earlier/RBR ./. 
The/DT latest/JJS quarter/NN included/VBD a/DT gain/NN of/IN $/$ 193.3/CD million/CD ,/, or/CC $/$ 2.46/CD a/DT share/NN ,/, from/IN the/DT sale/NN of/IN New/NNP York/NNP Times/NNP Cable/NNP ,/, completed/VBN in/IN August/NNP ./. 
Exclusive/JJ of/IN the/DT gain/NN ,/, operating/NN profit/NN declined/VBD 35/CD %/NN to/TO $/$ 16.4/CD million/CD ,/, or/CC 21/CD cents/NNS a/DT share/NN ,/, from/IN $/$ 25.2/CD million/CD ,/, or/CC 31/CD cents/NNS a/DT share/NN ./. 
The/DT decline/NN primarily/RB reflected/VBD the/DT dilution/NN from/IN acquiring/VBG McCall/NNP 's/POS ,/, Golf/NNP World/NNP (/( U.S./NNP )/) and/CC Sailing/NNP World/NNP magazines/NNS ;/: lower/JJR equity/NN earnings/NNS from/IN the/DT forest-products/NNS group/NN because/IN of/IN price/NN discounting/NN and/CC an/DT unfavorable/JJ exchange/NN rate/NN ,/, and/CC an/DT 8.7/CD %/NN decline/NN in/IN advertising/NN linage/NN at/IN the/DT New/NNP York/NNP Times/NNP ,/, the/DT company/NN 's/POS flagship/JJ newspaper/NN ./. 
Advertising/NN volume/NN at/IN the/DT company/NN 's/POS 35/CD regional/JJ newspapers/NNS decreased/VBD 1.1/CD %/NN ./. 
The/DT company/NN said/VBD the/DT negative/JJ factors/NNS are/VBP expected/VBN to/TO continue/VB into/IN next/JJ year/NN ./. 
Revenue/NN rose/VBD 6.4/CD %/NN to/TO $/$ 415.3/CD million/CD from/IN $/$ 390.5/CD million/CD ./. 
Democrat/NNP Gene/NNP Taylor/NNP won/VBD a/DT special/JJ election/NN to/TO fill/VB the/DT congressional/JJ seat/NN vacated/VBN by/IN the/DT death/NN of/IN Republican/NNP Larkin/NNP Smith/NNP ,/, taking/VBG back/RP the/DT GOP/NNP 's/POS lone/JJ redoubt/NN in/IN Mississippi/NNP 's/POS House/NNP delegation/NN ./. 
Mr./NNP Taylor/NNP 's/POS overwhelming/JJ victory/NN against/IN Republican/NNP Tom/NNP Anderson/NNP reclaims/VBZ a/DT seat/NN the/DT Republicans/NNPS had/VBD held/VBN for/IN 17/CD years/NNS and/CC gives/VBZ the/DT Democrats/NNPS their/PRP$ fifth/JJ victory/NN in/IN the/DT seven/CD special/JJ House/NNP elections/NNS held/VBN this/DT year/NN ./. 
Mr./NNP Taylor/NNP ,/, a/DT 36-year-old/JJ state/NN senator/NN from/IN Bay/NNP St./NNP Louis/NNP ,/, won/VBD 65/CD %/NN of/IN the/DT vote/NN in/IN a/DT district/NN that/WDT has/VBZ voted/VBN Republican/JJ in/IN the/DT past/JJ five/CD presidential/JJ elections/NNS and/CC that/DT was/VBD once/RB represented/VBN by/IN Republican/NNP U.S./NNP Sen./NNP Trent/NNP Lott/NNP ./. 
Mr./NNP Taylor/NNP 's/POS victory/NN was/VBD an/DT embarrassment/NN for/IN both/DT state/NN and/CC national/JJ Republicans/NNPS ./. 
Mr./NNP Anderson/NNP ,/, a/DT former/JJ Lott/NNP aide/NN ,/, received/VBD campaign/NN assistance/NN from/IN the/DT senator/NN and/CC from/IN President/NNP Bush/NNP ,/, who/WP visited/VBD the/DT district/NN last/JJ week/NN ./. 
Even/RB so/RB ,/, Mr./NNP Taylor/NNP carried/VBD all/DT but/IN one/CD of/IN the/DT district/NN 's/POS dozen/NN counties/NNS ./. 
Rep./NNP Smith/NNP died/VBD in/IN a/DT plane/NN crash/NN on/IN Aug./NNP 13/CD ./. 
Wall/NNP Street/NNP Journal/NNP reporters/NNS called/VBD companies/NNS with/IN headquarters/NNS or/CC facilities/NNS in/IN the/DT Bay/NNP area/NN in/IN a/DT bid/NN to/TO assess/VB the/DT damage/NN to/TO their/PRP$ operations/NNS caused/VBN by/IN Tuesday/NNP 's/POS earthquake/NN ./. 
The/DT calls/NNS reached/VBD many/JJ ,/, but/CC certainly/RB not/RB all/DT ,/, of/IN the/DT publicly/RB held/VBN companies/NNS with/IN operations/NNS in/IN the/DT area/NN ./. 
In/IN most/JJS cases/NNS damage/NN to/TO company/NN facilities/NNS and/CC operations/NNS was/VBD minimal/JJ ./. 