Movement Reportedly Seen at N.Korea Site

SEOUL, South Korea - South Korea's military is observing movements at a site in North Korea where the communist country is believed to have conducted its first nuclear test, indicating possible preparations for another test, Yonhap news agency reported Saturday.

The report, citing multiple unnamed military officials, said South Korea is closely monitoring movements of trucks and North Korean soldiers at the site in Punggye-ri in the country's remote northeast.

"It is clear there are movements at Punggye-ri after the nuclear test," one military official was quoted as saying. "We are closely monitoring to see if these are preparations for a second nuclear test."

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CTL market players weigh options and increase vigilance.

Like markets across the board, the business of credit tenant leases and of net lease transactions in general is striking a tenuous balance between trepidation and evolution following the events of Sept. 11. While deal flow remains relatively healthy and long-term ramifications seem few, market players are nonetheless reticent to proclaim - or even define - business as usual, as evidenced by the postponement of this week's Synthetic Lease and Credit Tenant Lease Forum 2001 in New York.

"The events of Sept. 11 stopped everything in place for a couple of weeks," said Kyle Gore at Legg Mason Wood Walker. "We're just now figuring out how to get things back out into the …

Store's new owners not liable for extended warranties.(Legal File)

Byline: Eric Freedman

The owners of a Mazda dealership are not liable for extended warranties sold by the previous owner, the South Carolina Court of Appeals has ruled. The court said the new owners did not assume the dealership's liabilities when they bought its assets.

The decision is a victory for Ken McManus and Eric Sigmon, who bought the assets of Mazda of Rock Hill, now called Team Mazda. It is a loss for Bobby Walton, who says the new owners illegally refused to honor a service contract he bought from the dealership's previous operator.

The case

According to court records and lawyer interviews, in August 2002 Walton bought a 1999 …