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Shr loss six cts vs profit 19 cts Net loss 166,000 vs profit 580,000 Revs 3,772,000 vs 5,545,000 Year Shr loss 13 cts vs profit 52 cts Net loss 391,000 vs profit 1,425,000 Revs 15.4 mln vs 16.6 mln NOTE: 1985 year figures pro forma for purchase accounting adjustments resulting from March 198...
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Shr loss 1.93 dlrs vs profit 16 cts Net loss 53,412,000 vs profit 4,479,000 Revs 24.8 mln vs 32.7 mln Note: 1986 shr and net include 51,187,000 dlr writedown on U.S. operations, uneconomic coal operations and other mineral properties Reuter
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The Bank of England said it had provided the money market with a further 437 mln stg assistance in the afternoon session. This brings the Bank's total help so far today to 461 mln stg and compares with its revised shortage forecast of 450 mln stg. The central bank made purchases of bank bills outright comprising 12...
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Shr nil vs nil Net 130,998 vs 30,732 Revs 1,568,941 vs 1,0053,234 Reuter
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Oper shr profit 1.80 dlrs vs loss 2.28 dlrs Oper net profit 2,048,0000 vs loss 1,318,000 Revs 25.4 mln vs 12.3 mln Avg shrs 1,135,000 vs 576,000 NOTE: Net excludes realized investment gains of 40,000 dlrs vs 13,000 dlrs. 1986 net excludes 729,000 dlr tax credit. Reuter
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Oper shr loss 31 cts vs loss 30 cts Oper net loss 5,429,000 vs loss 5,216,000 Revs 257.5 mln vs 243.6 mln Avg shrs 17.5 mln vs 13.5 mln Year Oper shr loss eight cts vs profit 28 cts Oper net loss 1,324,000 vs profit 4,067,000 Revs 989.5 mln vs 747.9 mln Avg shrs 17.6 mln vs 15.7 mln ...
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Shr not given Loss 54.9 mln Revs 27.2 mln Note: Prior year results not given. 1986 results include accounts of 89 pct owned <Precambrian Shield Resources Ltd>, acquired November 5, 1986 Reuter
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Transform Logic Corp said it has revised downward its previously reported fourth quarter and year, ended October 31, results to reflect compensation expense for employee stock options. The company said resolution of this disagreement with its auditors came as a result of Securities and Exchange Commission involveme...
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American Stores Co said it expects to report earnings per share of 3.70 to 3.85 dlrs per share on sales of slightly over 14 billion dlrs for the year ended January 31. The supermarket chain earned 4.11 dlrs per share on sales of 13.89 billion dlrs last year. The company did not elaborate. Reuter
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Shr profit three cts vs loss seven cts Net profit 161,000 vs loss 367,000 Revs 24.3 mln vs 26.5 mln Reuter
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Unilever Plc <UN.A> and NV group reported improvements in margins and underlying sales volume growth of five pct in 1986 after stripping out the effects of falling prices, disposals and currency movements, Unilever Plc chairman Michael Angus said. He told reporters that volumes in North America increased some 10...
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Sara Lee Corp said it agreed to buy a 34 pct interest in Paris-based DIM S.A., a subsidiary of BIC S.A., at a cost of about 84 mln dlrs. DIM S.A., a hosiery manufacturer, had 1985 sales of about 260 mln dlrs. The investment includes the purchase of 360,537 newly issued DIM shares valued at about 51 mln dlrs and...
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China called on the United States to remove curbs on its exports, to give it favourable trading status and ease restrictions on exports of high technology. But the U.S. Embassy replied that Chinese figures showing 13 years of trade deficits with the U.S. Out of the last 15 are inaccurate and said Peking itself woul...
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<Precambrian Shield Resources Ltd>, earlier reporting a large loss against year-ago profit, said the 1986 loss was mainly due to a 51,187,000 dlr writedown on its U.S. operations, uneconomic coal and other mineral properties. Precambrian, which is 89 pct owned by <Mark Resources Inc>, said it took the writedo...
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The Kenyan economy is heading for difficult times after a boom last year, and the country must tighten its belt to prevent the balance of payments swinging too far into deficit, President Daniel Arap Moi said. In a speech at the state opening of parliament, Moi said high coffee prices and cheap oil in 1986 led to e...
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<Scott's Hospitality Inc> said it acquired all issued shares of Capital Food Services Ltd, of Ottawa. Terms were not disclosed. Scott's said Capital Food had 1986 sales of more than 20 mln dlrs and will continue to operate under its present name with existing management. Capital Food provides food services t...
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Video Display Corfp said it has reached a tentiative agreement to sell its existing cable television business for undisclosed terms and expects to report a gain on the transaction. The buyer was not named. The company said it will redeploy its service assets into manufacturing and distribution. It said the ope...
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Shr three cts vs three cts Net 98,20000 vs 91,898 Revs 2,843,520 vs 2,372,457 Year Shr 13 cts vs 21 cts Net 401,179 vs 681,374 Revs 10.5 mln vs 9,699,535 Reuter
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Community Bank System Inc said it has entered into a definitive agreement to acquire Nichols Community Bank for 2,800,000 dlrs in common stock. It said subject to approval by Nichols shareholders and regulatory authorities, the transaction is expected to be completed later this year. Reuter
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Sales 3.65 billion crowns vs 3.40 billion. Profit after financial items 821.2 mln crowns vs 740.2 mln. The 1986 results include a once-off writedown of 520 mln crowns for intangible assets, mainly the know-how paid for in the takeover of a number of high-tech companies by the group, Pharmacia said. Earnin...
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Pharmacia AB <PHAB ST> forecast earnings after financial items of one billion crowns in 1987 vs 821.2 mln last year on condition that exchange rates remained at their present parities. Sales would in such circumstances go up to six billion crowns from 3.65 billion in 1986, it said. A weakening Dollar was mai...
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McLean Industries Inc said its shipping subsidiary, United States Lines Inc, reached an agreement in principle to transfer its South American service to American Transport Lines Inc, a subsidiary of <Crowley Maritime Corp>. Under the terms of the agreement, United States Lines will lease five vessels to American...
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A total of 2,435 tonnes of British intervention feed wheat were sold at today's tender for the home market out of requests for 3,435 tonnes, the Home Grown Cereals Authority, HGCA, said. Price details were not reported. No bids were submitted for intervention barley. Reuter
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Shr 78 cts vs one dlr Net 1,413,000 vs 1,776,000 Assets 705.3 mln vs 597.3 mln Deposits 495.6 mln vs 493.9 mln Loans 260.0 mln vs 379.7 mln Qtly div six cts vs six cts prior qtr Pay April 1 Record March 6 NOTE: 1986 net includes charges from accounting changes, from one-time expenses as...
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Shr 22 cts vs 12 cts Net 3,243,000 vs 1,656,000 Revs 28.4 mln vs 21.5 mln NOTE: All amts reflect 3-for-2 stock split of company's common in form of 50 pct stock dividend paid Feb 26, 1987. Reuter
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Qtly div 25 cts vs 25 cts prior qtr Pay 31 May Record 1 May Reuter
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Qtrly div 28.5 cts vs 28.5 cts Pay April 15 Record March 31 Reuter
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The U.K. Exported 535,460 tonnes of wheat and 336,750 tonnes of barley in January, the Home Grown Cereals Authority (HGCA) said, quoting adjusted Customs and Excise figures. Based on the previous January figures issued on February 9, wheat exports increased by nearly 64,000 tonnes and barley by about 7,000 tonnes. ...
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Winter wheat crops in the western Soviet Union, Poland and eastern Czechoslovakia through northern Romania may suffer some winterkill over the next two nights, private forecaster Accu-Weather Inc said. Western USSR winter wheat areas have had only light and spotty snow and winterkill is possible tonight and tomorro...
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Shr 28 cts vs 22 cts Net 14 mln vs 10.6 mln Revs 163.8 mln vs 127.3 mln Year Shr 81 cts vs 59 cts Net 40.5 mln vs 28.7 mln Revs 521.2 mln vs 391.6 mln Reuter
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Pansophic Systems Inc said it will split its stock two-for-one effective April two to shareholders of record March 13. It also said it will pay a six cts per share dividend on the pre-split shares, a regular quarterly dividend, on April two to shareholders of record March 13. Reuter
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Calmar Inc said KEBOO Ab of Sweden, which now owns about 64 pct of Calmark, has approved the acquisition of remaining Calmar shares at 25.375 dlrs in cash at the request of the Calmar board. Calmar said a special meeting of its board will be held March Nine to form a special committee of directors not affiliated wi...
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Italy's state-owned <Banca Nazionale Del Lavoro-BNL> said it is negotiating to buy a West German bank as part of its foreign expansion policy. BNL president Nerio Nesi told a news conference the Italian bank was currently involved in talks but declined to name the German institution. He said the takeover mov...
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The Federal Reserve is expected to enter the U.S. Government securities market to add temporary reserves, economists said. They expect it to supply the reserves indirectly by arranging 1.5 to two billion dlrs of customer repurchase agreements. The Fed may add the reserves directly instead via System repurchases. ...
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Shr profit five cts vs loss 2.11 dlrs Net profit 375,061 vs loss 10.4 mln Revs 39.9 mln vs 37.8 mln Avg shrs 6,536,008 vs 4,939,895 12 mths Shr profit 47 cts vs loss 3.37 dlrs Net profit 2,837,288 vs loss 16.6 mln Revs 169.1 mln vs 149.4 mln Avg shrs 6,037,640 vs 4,937,378 NOTE: prim...
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Oper shr profit 34 cts vs loss 53 cts Oper net profit 3,337,000 vs 4,881,000 Revs 32.7 mln vs 49.6 mln Year Oper shr profit 20 cts vs loss 90 cts Oper net profit 2,374,000 vs loss 9,381,000 Revs 126.9 mln vs 160.5 mln NOTES: Operating net excludes loss 6,050,000 dlrs, or 64 cts a share, vs l...
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Shr 70 cts vs 56 cts Net 6,197,000 vs 4,880,000 Revs 24.1 mln vs 17.1 mln Nine mths Shr 1.38 dlrs vs 1.20 dlrs Net 12.1 mln vs 10.4 mln Revs 52.5 mln vs 41.8 mln Reuter
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Former Treasury official C. Fred Bergsten said a new exchange rate system is needed to replace the fixed and flexible exchange rate systems which he said had not worked. "I prefer a move to 'target zones' in which the major countries would determine ranges of 15-20 pct within which they would pledge to hold their e...
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Qtly div 10 cts vs 10 cts prior Pay April 13 Record March 13 Reuter
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There was no evidence of winterkill in Yugoslavian winter wheat during field travel along a line running northwest from Belgrade to near Maribor, the U.S. Agriculture Department's counselor in Belgrade said in a field report. The report, dated February 26, said there is evidence of delayed germination in most areas...
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Shr 42 cts vs 39 cts Net 12.3 mln vs 9,382,000 Sales 172.0 mln vs 146.00 mln Avg shrs 29.5 mln vs 24.3 mln Year Shr 1.63 dlrs vs 1.35 dlrs Net 45.7 mln vs 30.0 mln Sales 665.5 mln vs 446.2 mln Avg shrs 28.0 mln vs 22.3 mln NOTE: translated at 1,339 Italian lire to dollar. Reuter
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Norton co said it has agreed to sell its remaining South African business, Norton co Pty Ltd, to <Global Mining and Industrial Corp> of South africa for undisclosed terms. The company said the unit accounts for less than two pct of Norton revenues and is being sold because "Growing societal pressures in the Unit...
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Shr loss 2.07 dlrs vs profit 36 cts Net loss 1,088,000 vs profit 187,000 Year Shr loss 12.23 dlrs vs profit 17 cts Net loss 645,000 vs profit 89,000 NOTE: Home Federal Savings and Loan Association of the Rockies. 1986 net includes tax credits of 165,000 dlrs in quarter and 189,000 dlrs in year. ...
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Advertising agents Saatchi and Saatchi Co Plc <SACHY> said it was buying <Cleveland Consulting Associates Inc> for an initial consideration of 2.0 mln dlrs. Additional payments may be made annually through the year ending March 31, 1991 to bring the total consideration up to 9.5 pct of Cleveland's average pos...
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Chesebrough-Pond's Inc, recently acquired by a unit of Unilever N.V., said it is offering to sell its Bass shoe division, as a result of an ongoing evaluation of the long-term direction of its businesses. The diversified maker of health and beauty aids, said it acquired Falmouth, Maine-based G.H. Bass and Co in 197...
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Continental Corp said the fresh start provision of the Tax Reform Act of 1986 may add 1.30 to 1.60 to 1987 earnings per share. The insurance holding company had net earnings of 449.6 mln dlrs, or, or 7.42 per share, in 1986. John Loynes, Continental chief financial officer, said the fresh start provision allowe...
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Shr 8.17 dlrs vs 55 cts Net 67.7 mln vs 4.5 mln Revs 3.67 billion vs 3.54 billion Year Shr 12.19 dlrs vs 24.00 dlrs Net 101.1 mln vs 199.0 mln Revs 14.33 billion vs 13.35 billion Note: 90 pct owned by Ford Motor Co <F> Reuter
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Shr 33 cts vs 28 cts Net 3,722,000 vs 3,103,000 Sales 33.0 mln vs 31.8 mln Avg shrs 11.2 mln vs 11.1 mln 1st half Shr 68 cts vs 58 cts Net 7,585,000 vs 6,346,000 Sales 65.9 mln vs 61.3 mln Avg shrs 11.2 mln vs 11.0 mln NOTE: Share adjusted for three-for-two October 1986 stock split. ...
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Loans and advances from the Dutch central bank to the commercial banks were barely changed at 12.9 billion guilders in the week up to and including March 2, the central bank weekly return showed. The Treasury's account with the bank dropped 1.3 billion guilders. Dealers said a larger amount of funds in the form of ...
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Shr profit three cts vs loss 11 cts Net profit 507,000 vs loss 1,823,000 Revs 11.2 mln vs 204,000 Reuter
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An investor group led by Central National-Gottesman Inc, a New York investment firm, and its executive vice president, Edgar Wachenheim, said they cut their stake in Material Sciences Corp to less than five pct. In a filing with the Securities and Exchange Commission, the group said it sold 19,500 Material Sciences...
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Periods ended Jan 31 Shr 28 cts vs 35 cts Net 2,374,000 vs 2,987,000 Sales 35.2 mln vs 34 mln Backlog 36.8 mln vs 33.9 mln Reuter
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Tylan Corp aid it has retained the investment banking firm Kahn and Harris to sell its furnace product line. The company said it has already been contacted by several potential buyers. In 1986, Tylan's furnace product shipments in the U.S. represented 10.3 mln dlrs of the company's total net sales of 28.4 mln d...
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Shr basic 88 cts vs 1.22 dlrs Shr diluted 83 cts vs 1.10 dlrs Net 114,108,000 vs 140,389,000 Avg shrs 107.5 mln vs 100.5 mln Loans 66.4 billion vs 65.9 billion Deposits 82.8 billion vs 84.4 billion Assets 98.7 billion vs 96.7 billion. Reuter
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The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements, a Fed spokesman said. Dealers said Federal funds were trading at 6-1/4 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter
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Oper shr 1.58 dlrs vs 77 cts Oper net 1,648,000 vs 817,000 Sales 25.7 mln vs 20.5 mln NOTE: Net excludes discontinued operations gain 451,000 dlrs vs loss 4,310,000 dlrs. Reuter
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The upcoming five-month deficiency payments to corn and sorghum farmers will be made half in cash and half in generic commodity certificates, a senior Agriculture Department official told Reuters. Around 300 mln dlrs of the in-kind certificates, or "certs," will be mailed out to farmers around March 15 or 16, Tom v...
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Shr 69 cts vs 64 cts Net 7,046,000 vs 6,492,000 Sales 85.7 mln vs 79.6 mln Six Mths Shr 1.28 dlrs vs 1.19 dlrs Net 13,098,000 vs 12,006,000 Sales 166.3 mln vs 153.3 mln NOTE: Periods end January 31, 1987 and 1986, respectively. Reuter
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Shr 57 cts vs 27 cts Net 1,002,000 vs 470,000 Sales 15.9 mln vs 12.0 mln Note: 4th qtr data not available Reuter
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Oper shr one ct vs three cts Oper net 99,000 vs 327,000 Revs 12.1 mln vs 8,800,000 Avg shrs 15.5 mln vs 11.3 mln Year Oper shr six cts vs 11 cts Oper net 841,000 vs 956,000 Revs 44.1 mln vs 34.4 mln Avg shrs 15.3 mln vs 8,519,677 NOTE: Net excludes tax credits of 299,000 dlrs vs 29,0...
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Shr profit 27 cts vs profit 51 cts Net profit 6,600,000 vs profit 12,231,000 Revs 211.7 mln vs 193.4 mln 12 mths Shr loss 17 cts vs profit 1.27 dlrs Net loss 4,077,000 vs profit 30,142,000 Revs 753.5 mln vs 673.4 mln NOTE: in qtr ended 1986 the company recognized expenses of 5,948,000 for re...
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 CORRECTION - ASHTON-TATE ITEM In Torrance, Calif., item ASHTON-TATE <TATE> 4TH QTR NET, please read 1986 quarter average shares as 24.7 mln, not 200.7 mln. Reuter 
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<Royal Bank of Canada> said it estimates 1987 loan losses at one billion dlrs, a 25 mln dlr increase over last year. Royal Bank said it set its provisions "given the continued debt-servicing problems ... in the North American energy industry and the uncertain outlook for energy prices," and also continued to add...
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Pantera's Corp said it agreed in principle to acquire Pizza Inn Inc in a cash and stock transaction. Under terms of the proposed transaction, each Pizza Inn share can be exchanged for either three dlrs in cash plus the lesser of 1.4 shares of Pantera's common stock or 11.50 dlrs market value of Pantera's stock, or ...
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The Swiss Federal Government's new series of six-month money market certificates raised 177.5 mln Swiss francs at an issue price of 98.401 pct to give an average annual yield of 3.286 pct, the National Bank said. Payment date is March 5. The last series of six-month paper issued in January raised 159.6 mln fran...
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Qtr ended Jan 31 Shr loss nine cts vs profit 13 cts Net loss 231,256 vs profit 341,730 Revs 2,793,677 vs 3,676,296 Reuter
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Lifetime Corp said it agreed to buy five mln shares, or 16 pct, of <Nippon Lace Co Ltd> for 3.28 dlrs a share, or 16.5 mln dlrs. It said it plans to enter the health care business in Japan. In addition, it said <Koba Electronics Co Ltd>, an affiliate of Lifetime, will buy four mln unissued shares, or a 12...
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Oper shr 26 cts vs 18 cts Oper net 2,877,000 vs 1,363,000 Revs 44.3 mln vs 40.8 mln Avg shrs 10.9 mln vs 10.5 mln NOTE: prior qtr excludes loss 475,000, or five cts per share, for discontinued operations for the sale of subsidiaries Intermedics Intraocular Inc, Electronics Inc, and Intermedics Infusaid ...
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Qtrly 25 cts vs 16 cts Pay March 30 Record March 13 NOTE: Prior qtr is for two months operation, October and November and represents a parital dividend. Reuter
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Qtlry div 24.5 cts vs 24.5 cts Pay April 6 Record March 16 Reuter
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Knutson Mortgage Corp said it expects strong earnings performance for its initial fiscal second quarter earnings ending March 31 since going public in September 1986. Albert Holderson, Knutson chairman, said he expects earnings of about 40 cts per share for the quarter as a result of a strong mortgage business duri...
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Oper shr 26 cts vs 18 cts Oper net 2,877,000 vs 1,838,000 Revs 44.3 mln vs 40.8 mln NOTE: Current 1st qtr oper net excludes operating loss carryforward of 1,694,000 or 16 cts per share. 1986 1st qtr oper net excludes loss carryforward of 78,000 dlrs or one ct per share and loss from discontinued operations ...
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Shr nine cts vs one ct Net 247,489 vs 27,301 Sales 1,933,107 vs 796,613 Six mths Shr 21 cts vs five cts Net 565,106 vs 121,997 Sales 3,781,970 vs 1,778,110 Reuter
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Shr 42 cts vs 76 cts Net 2.3 mln vs 3.3 mln Revs 72.3 mln vs 59.8 mln Year Shr 1.48 dlrs vs 2.59 dlrs Net 7.6 mln vs 11.1 mln Revs 261.7 mln vs 224.7 mln NOTE: 1985 net includes extraordinary gain of 1.5 mln dlrs or 35 cts per share in 4th qtr and 5.1 mln or 1.19 dlrs for the year. Reut...
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Shr profit 27 cts vs profit 51 cts Net profit 6,600,000 vs profit 12.2 mln Revs 211.7 mln vs 193.4 mln Qtly div 24.5 cts vs 24.5 cts Avg shrs 24.2 mln vs 23.8 mln Year Shr loss 17 cts vs profit 1.27 dlrs Net loss 4,077,000 vs profit 30.1 mln Revs 753.5 mln vs 673.4 mln Avg shrs 24.4 ...
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Annual div six dlrs vs 12 dlrs prior Pay March 19 Record March 13 Note: 1986 payout includes two dlrs a share extra dividend 1985 payout includes four dlrs a share extra dividend Reuter
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One offer but no bid was posted for SRW wheat on the call session at the St Louis Merchants Exchange today. There were no bids or offers for milo. June 15-July 15 bill of lading for wheat was offered at 17 over July, no comparison, no bid. Reuter
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Shr 10 cts vs 13 cts Net 1,553,000 vs 1,541,000 Revs 73.1 mln vs 32.1 mln Avg shrs 15,474,000 vs 12,316,000 Year Shr 47 cts vs 24 cts Net 7,241,000 vs 2,835,000 Revs 216.2 mln vs 101.2 mln Avg shrs 15,492,000 vs 11,921,000 Note: Net income includes extraordinary profit from recogniti...
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Shr profit 78 cts vs loss 1.05 dlrs Net profit 2,336,000 vs loss 3,002,000 Revs 26.0 mln vs 26.7 mln Year Shr profit 1.59 dlrs vs loss 6.35 dlrs Net profit 4,688,000 vs loss 18.2 mln Revs 113.5 mln vs 112.4 mln NOTE: 1986 4th qtr and yr includes loss carryfoward of 534,000 dlrs and 1,662,000...
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Net loss 92,623 vs profit 11,209 Sales 93,483 vs 189,388 Note: per share data not available, as company went public in January, 1987. Reuter
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<Royal Bank of Canada>, in reporting a 19 pct drop in first quarter earnings, said it expects to report improved results in future earnings periods. "Healthy consumer credit growth, record fee-based income, highly profitable securities and foreign exchange trading, and a solid capital position...combined with th...
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Belgian Foreign Trade Minister Herman De Croo said if Congress passed legislation curbing world textile imports the only way the European Community (EC) could react was to retaliate. De Croo said at a news conference "if you limit textile imports, you will re-orient textiles to Europe." And that he said would t...
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Oper shr 25 cts vs 1.21 dlrs Oper net 1,366,000 vs 6,287,000 Revs 251.3 mln vs 107.1 mln Year Oper shr 1.10 dlrs vs 1.06 dlrs Oper net 5,552,000 vs 4,982,000 Revs 827.5 mln vs 434.4 mln NOTE: Oper net excludes results of Kay Jewelers Inc, a former subsidiary. On Dec 31, 1986 company distribu...
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Oper shr loss four cts vs loss 33 cts Oper net loss 154,000 vs loss 1,301,000 Sales 30.0 mln vs 27.0 mln Year Oper shr profit 60 cts vs loss 16 cts Oper net profit 2,364,000 vs loss 608,000 Sales 113.5 mln vs 132.8 mln NOTE: Net excludes extraordinary charges from provision for roofing produ...
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House Ways and Means Committee Chairman Dan Rostenkowski said Congress must avoid a temptation to pass a protectionist trade bill this year. In remarks prepared for delivery before the National Press Club, Rostenkowski, D-Ill., predicted major trade legislation will be sent to President Reagan by the end of this ye...
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Imtec Inc said some shareholders of Computer Identics Inc <CIDN> have proposed a merger of the two companies. The company said the shareholders had previously expressed dissatisfaction with Computer Identics' management and had informed Computer Identics that the present board no longer had the support of a majo...
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Shr 1.62 dlrs vs 1.33 dlrs Net 10.3 mln vs 8,459,000 Revs 127.5 mln vs 95.7 mln Year Shr 1.52 dlrs vs 1.20 dlrs Net 9,669,000 vs 7,481,000 Revs 278.1 mln vs 232.00 mln Reuter
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Anacomp Inc, one of the most actively traded NYSE issues, rose today as at least one analyst expected earnings to be boosted by its planned acquisition of a micrographics company. Anacomp rose 1/2 to 6-3/4 on volume of 950,000 shares after trading as high as seven earlier. Howard Harlow, analyst at Whale Securi...
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Lifetime Corp said it agreed to buy five mln shares or 16 pct of <Nippon Lace Co Ltd> for 3.28 dlrs a share, or 16.5 mln dlrs. It said it plans to enter the health care business in Japan. In addition, it said <Koba Electronics Co Ltd>, an affiliate of Nippon, will buy four mln unissued shares, or a 12 pct...
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Export Credits Guarantee Department has named Malcolm Stephens, director of export finance at Barclay's Bank Plc and a former career civil servant at ECGD for 17 years, to the post of executive director, a department spokesman said. Stephens replaces Jack Gill, who is retiring early aged 57. A drop in the ECGD'...
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Tender Loving Care Health Care Services Inc said it and Staff Buildiers Inc have extended the term of their merger agreement until May 31. Tender Loving Care also said <Norrell Corp> agreed not to acquire any additional Staff Builders shares until September 30, adding Norrell was paid 750,000 dlrs for the stands...
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Soviet imports of soymeal may reach or exceed one mln tonnes between January and September this year, the Oil World newsletter said. Oil World said it was likely the Soviet Union would reduce soybean imports and step up significantly its imports of meal. At least 500,000 tonnes of soymeal may be shipped from th...
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Varian Associates Inc said it is holding discussions with Philips Electronics regarding the purchase of Philips' broadcast transmission unit in the United Kingdom, Pye TVT Limited. Pye TVT designs and manufactures broadcast transmission equimpment, specializing in television frequencies. Reuter
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Butler Manufacturing Co said it agreed in principal to sell part of its controls division to Enercon Data Corp of Minneapolis. Terms of the sale were not disclosed. The transaction, expected to be closed in March, involves the controls division's energy management and power line carrier product lines. Butle...
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