1
 Insiders have been selling shares in Dun & Bradstreet Corp., the huge credit-information concern.
5002
span

2
 Six top executives at the New York-based company sold shares in August and September.
5001
span

3
 Four of those insiders sold more than half their holdings.
2
elaboration-general-specific

4
 The stock, in New York Stock Exchange composite trading yesterday, closed at $51.75, up 62.5 cents, well below the $56.13 to $60 a share
5003
span

5
 the insiders received for their shares.
4
elaboration-object-attribute-e

6
 Much of the recent slide in Dun & Bradstreet's stock came late last week, after negative comments by analysts at Merrill Lynch & Co. and Goldman, Sachs & Co.
5003
elaboration-additional

7
 A company spokesman declined to comment
5008
List

8
 and said
5006
attribution

9
 that the officials 
5005
span

10
who sold shares 
9
elaboration-object-attribute-e

11
wouldn't comment.
5006
Same-Unit

12
 One of Dun & Bradstreet's chief businesses is compiling reports
5011
span

13
 that rate the credit-worthiness of millions of American companies.
12
elaboration-object-attribute-e

14
 It also owns Moody's Investors Service,
5012
span

15
 which assigns credit-ratings to bonds and preferred stock;
14
elaboration-additional-e

16
 A.C. Nielsen,
5013
span

17
 known for its data on television-viewing patterns,
16
elaboration-additional-e

18
 and Yellow-pages publisher Donnelley.
5014
Same-Unit

19
 Last March, this newspaper reported on widespread allegations 
5017
span

20
that the company misled many customers into purchasing more credit-data services than needed.
19
elaboration-object-attribute-e

21
 In June, the company agreed to settle for $18 million several lawsuits
5018
span

22
 related to its sales practices,
21
elaboration-object-attribute-e

23
 without admitting or denying the charges.
5018
circumstance

24
 An investigation by U.S. Postal inspectors is continuing.
5020
Sequence

25
 Among the insider sales, Charles Raikes, the firm's general counsel, sold 12,281 shares in August,
5022
span

26
 representing 46% of his holdings in the company.
25
elaboration-additional-e

27
 He received $724,579 for the shares,
5023
span

28
 according to insider filings with the Securities and Exchange Commission.
27
attribution

29
 John C. Holt, an executive vice president and Dun & Bradstreet director, sold 10,000 shares on Aug. 31 for $588,800,
5025
span

30
 filings show.
29
attribution

31
 He retains 9,232 shares.
5025
elaboration-additional

32
 William H.J. Buchanan, the firm's secretary and associate general counsel, sold 7,000 shares in two separate sales in September for $406,000.
5028
span

33
 The shares represented 66% of his Dun & Bradstreet holdings,
5027
span

34
 according to the company.
33
attribution

35
 The other insiders, all senior or executive vice presidents, sold between 2,520 and 6,881 shares,
5029
span

36
 representing between 8% and 70% of their holdings,
35
elaboration-additional-e

37
 according to SEC filings.
5029
attribution

38
 Dun & Bradstreet's stock price began its recent spiral downward last Wednesday,
5033
span

39
 when the company reported third-quarter results.
38
consequence-n

40
 Net income rose to 83 cents a share from 72 cents a share the year-earlier period.
5048
antithesis

41
 But analysts focused more on the drop in revenue, to $1.04 billion from $1.07 billion,
5034
span

42
 reflecting in part a continuing drop in sales of the controversial credit-reporting services.
41
elaboration-object-attribute-e

43
 Last Thursday, Merrill Lynch securities analyst Peter Falco downgraded his investment rating on the firm,
5093
span

44
 according to Dow Jones Professional Investors Report,
43
attribution

45
 citing a slowdown in the credit-reporting business.
5037
elaboration-additional

46
 He cut his rating to a short-term hold from above-average performer 
5039
List

47
and reduced his 1990 earnings estimate.
5039
List

48
 Mr. Falco continues to rank the stock a longterm buy.
5040
elaboration-additional

49
 The stock slid $1.875 on more than four times average daily volume.
5041
consequence-s

50
 The stock received another blow on Friday,
5045
span

51
 when Goldman Sachs analyst Eric Philo advised 
5043
attribution

52
that investors with short-term horizons should avoid Dun & Bradstreet stock 
5043
span

53
because it is unlikely to outperform the market.
52
reason

54
 The stock fell 75 cents.
5045
consequence-s

55
 Insider selling is not unusual at Dun & Bradstreet;
5052
span

56
 in fact, the recent pace of selling is just about average for the company,
5051
span

57
 according to figures
5050
span

58
 compiled by Invest/Net, a North Miami, Fla., firm 
5049
span

59
that specializes in tracking and analyzing SEC insider filings.
58
elaboration-additional-e

60
 But previous sales have often been sales of shares 
5055
span

61
purchased through the exercise of stock options
5054
Sequence

62
 and sold six months later,
5053
span

63
 as soon as allowed,
62
circumstance

64
 said Robert Gabele, president of Invest/Net. 
5055
attribution

65
The most recent sales don't appear to be option-related,
5058
span

66
 he said.
65
attribution

67
 TASTY PROFITS:
5073
TextualOrganization
SectionText
68
 Michael A. Miles, chief executive officer of Philip Morris Cos. ' Kraft General Foods unit, bought 6,000 shares of the company on Sept. 22 for $157 each.
5062
span

69
 The $942,000 purchase raised his holdings to 74,000 shares.
68
elaboration-additional

70
 The stock split four-for-one on Oct. 10.
5063
result

71
 Mr. Miles's newly purchased shares are now worth $1,068,000,
5063
span

72
 based on Philip Morris's closing price of $44.50, up 62.5 cents, in composite trading on the New York Stock Exchange yesterday.
71
elaboration-additional-e

73
 A spokesman for Mr. Miles said 
5067
attribution

74
he bought the shares 
5067
span

75
because he felt
76
attribution

76
 they were a good investment.
5066
span

77
 The executive made his purchases
5070
span

78
 shortly before being named to his current chief executive officer's position;
5071
span

79
 formerly he was Kraft General Foods' chief operating officer.
78
elaboration-additional

80
 SHEDDING GLITTER:
5091
TextualOrganization
SectionTitle
81
 Two directors of Pegasus Gold Inc., a Spokane, Wash., precious-metals mining firm, sold most of their holdings in the company Aug. 31.
5077
span

82
 John J. Crabb sold 4,500 shares for $11.13 each,
5074
span

83
 leaving himself with a stake of 500 shares.
82
elaboration-additional

84
 He received $50,085.
5074
elaboration-additional

85
 Peter Kutney sold 5,000 shares, all of his holdings, for $11.38 a share, or $56,900.
5076
List

86
 Gary Straub, corporate counsel for the company, said 
87
attribution

87
the directors sold for personal financial reasons.
5078
span

88
 Both insiders declined to comment.
5079
elaboration-additional

89
 On Wall Street, Merrill Lynch & Co. analyst Daniel A. Roling rates the stock neutral 
5081
List

90
and Drexel Burnham Lambert Inc. lists it as a buy.
5081
List

91
 Pegasus Gold has been on a lot of recommended lists as a junior growth company 
5083
span

92
stepping into the big leagues, 
91
elaboration-object-attribute-e

93
says Marty McNeill, metals analyst at Dominick & Dominick, a New York investment firm.
5083
attribution

94
 It's a good company,
5086
List

95
 and growing;
5086
List

96
 there's nothing 
5085
span

97
that would warrant that it be sold.
96
elaboration-object-attribute-e

98
 Yesterday, in composite trading on the American Stock Exchange, Pegasus closed at $10.125, up 12.5 cents.
5089
elaboration-additional

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background

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elaboration-additional

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antithesis

5053
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multinuc
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5067
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elaboration-additional

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multinuc
5085
evaluation-n

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