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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: reaper who wrote (190314)	9/3/2002 12:40:49 PM
From: orkrious	Respond to of 436258

ROFL. I look forward to that day.

To: reaper who wrote (190314)	9/3/2002 1:08:51 PM
From: who cares?	Respond to of 436258

BN 12:54 Ford Bonds Fall on Concern About Pension Expenses, Competition Ford Bonds Fall on Concern About Pension Expenses, Competition New York, Sept. 3 (Bloomberg) -- Ford Motor Co. bonds fell amid concern that pension costs and competition will hurt profit and make it harder for the automaker, the second-biggest issuer of U.S. corporate bonds, to pay down debt. The company's 7.25 percent coupon notes maturing in 2011 dropped to $956 per $1,000 of face value from $959, pushing up the yield to 7.93 percent from 7.89 percent. The spread, or premium to U.S. Treasuries, widened 20 basis points to 395 basis points, traders said. A basis point is 0.01 percentage point. Ford's U.S. pension fund assets fell 6.7 percent in the first half, raising concern that the company may have to pump more into the pension plan at a time when it's trying to slash costs to compete better with larger rival General Motors Corp. Chief Financial Officer Allan Gilmour in July said that Ford doesn't expect to have to contribute to the plan before 2006. Ford shares, down 29 percent this year, fell 68 cents to $11.09 at 12:32 p.m. on the New York Stock Exchange. UBS Warburg analyst Saul Rubin cut his rating on the shares today to ``reduce'' from ``hold,'' citing ``a potent mixture of non- competitive operations and weakness in the pension fund as cause for cash outflows for years to come.'' Ford is the biggest issuer in the Lehman Brothers Holdings Inc. credit index, a benchmark for many bond fund managers. Citigroup Inc. and Household International Inc. were among the other index members with wider bond spreads.