October 1, 2003

An Effort to Speed Research The director of the National Institutes of Health said new initiatives would be ''turbocharging the way we do research'' at the agency to give patients swifter access to the fruits of that research. PAGE A16 3rd Arrest in Spying Inquiry A civilian Arabic-language translator has become the third person arrested in connection with possible espionage at the detention center at Guantánamo Bay, where he helped interview prisoners. PAGE A16

Alliance Capital Management suspends executives Gerald T Malone and Charles B Schaffran over improper trading in its mutual funds, after inquiries by regulators into trading practices in fund industry; regulators have identified four companies that they say engaged in improper trading with hedge fund Canary Capital; Janus Capital announces that it has uncovered dozen arrangements under which investors could trade rapidly in Janus's funds, contrary to what it stated in its fund documents; says only four accounts engaged in such trading, and effect was minimal; chief executive Mark Whiston says four trading accounts 'accounted for approximately one quarter of one percent of total assets under management'; adds firm also made only $1 million in fees on such trades, and that employees that facilitated market timing are no longer working at Janus; Morgan Stanley says it has let several fund managers go because of poor performance but that dismissals are unrelated to widening probe of fund trading practices; photo (M)

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Britain's gross domestic product rose 0.6 percent in second quarter, instead of 0.3 percent reported in September; construction rose 4.4 percent rather than 0.8 percent estimated last month (S)

Japan Airlines System and All Nippon Airways secure 85 billion yen ($765 million) in loans from Development Bank of Japan; graph (S)