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Periods ended December 31 Shr loss 10 cts vs loss seven cts Net loss 316,289 vs loss 189,140 Revs 61,762 vs 8,934 Reuter
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House Ways and Means Committee Chairman Dan Rostenkowski said he would be reluctant to back the tax increase if it did not have President Reagan's support. He told a National Press Club luncheon there would be a number of tax proposals that could be debated if Reagan sought a tax increase to help balance the budget...
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Magellan Corp said it has entered into a letter of intent to acquire Balzac Investments Inc in a transaction that will result in former Balzac shareholders owning about 83 pct of the combined company. The company said on completion of the merger, the combined company wopuld be known as Power-Cell Inc and be engaged...
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Shr 68 cts vs 78 cts Net 2,432,179 vs 2,236,471 Revs 50.8 mln vs 35.1 mln Avg shrs 3,600,000 vs 2,850,000 Year Shr 2.82 dlrs vs 3.35 dlrs Net 10.0 mln vs 9,554,658 Revs 177.5 mln vs 138.1 mln Avg shrs 3,567,123 vs 2,850,000 Reuter
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Qtly div 70 cts vs 70 cts prior Pay May One Record April Three Reuter
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<American Aircraft Corp> said it has acquired a 51 pct interest in privately-held <Hunter Helicopter of Nevada, Inc>. The purchase was made for an undisclosed amount of American Aircraft stock, the company said. It said the acquisition will increase shareholder equity in American Aircraft to 45 cts per sh...
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Qtly div nine cts vs eight cts in prior qtr Payable March 31 Record March 13 Reuter
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International Technology Corp said it has purchased <Western Emergency Services Inc> in a pooling-of-interests transaction. International Technology, a hazardous materials management company, said it purchased Western Emergency, an environmental services firm, to offer a broader range of environmental services t...
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Semi-annual 30 cts vs 25 cts prior Pay June 30 Record June 15 Reuter
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Oper shr 25 cts vs 25 cts Oper net 6,322,000 vs 4,660,000 Revs 189.1 mln vs 174.7 mln Avg shrs 23.5 mn vs 17.1 mln Year Oper shr 1.04 dlrs vs 14 cts Oper net 21,929,000 vs 3,629,000 Revs 760.2 mln vs 674.8 mln Avg shrs 20.5 mln vs 17.1 mln Note: Qtr shr and net exclude tax gain of 4,...
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Oper shr 42 cts vs 41 cts Oper net 2,322,000 vs 1,785,000 Sales 72.3 mln vs 59.8 mln Avg shrs 5,527,000 vs 4,355,000 Year Oper shr 1.48 dlrs vs 1.40 dlrs Oper net 7,637,000 vs 5,973,000 Sales 261.7 mln vs 224.7 mln Avg shrs 5,165,000 vs 4,277,000 NOTE: 1985 operating net excludes gai...
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One of General Electric Co's biggest businesses, aircraft engines, will ride a wave of increasing profits into 1991 because of a new contract worth 650 mln dlrs, Wall Street analysts said. Previously, it was expected the business would peak and decline at some point in the next five years. The improved outlook resu...
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French exporters estimated that around 600,000 tonnes of French soft wheat has been sold to China for delivery in the 1986/87 (July/June) year. Around 300,000 tonnes were exported to China between July 1986 and February this year. Another 100,000 to 150,000 tonnes will be shipped during this month and around th...
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Oper shr loss 1.24 dlrs vs profit 19 cts Oper net loss 1,965,000 vs profit 646,000 Revs 10.5 mln vs 11.6 mln Avg shrs 1,741,000 vs 3,581,000 12 mths Oper shr loss 1.55 dlrs vs profit 42 cts Oper net loss vs profit 2,051,000 vs 1,492,000 Revs 42.9 mln vs 45.5 mln Avg shrs 1,816,000 vs 3,5...
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Buckhorn Inc said itd nine million dlr backlog for orders and a less expensive operating environment should yield significant levels of operating profits for 1987. Buckhorn, a manufacturer of reusable plastic shipping and storage containers, recorded 2,051,000, or 1.55 dlrs per share, operating net loss for 1986. ...
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Shr 2-1/5 cts vs nil Net 156,726 vs 11,989 Sales 1,157,883 vs 890,138 Reuter
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Shr eight cts vs 16 cts Net 188,000 vs 354,000 Revs 538,000 vs 594,000 Year Shr 31 cts vs 28 cts Net 692,000 vs 617,000 Revs 2,640,000 vs 906,000 (Del E. Webb Investment Properties Inc) Reuter
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The specialty retailing area continues to pay off for F.W. Woolworth Co, once known only as a five and dime store chain, which said its 1986 income rose 21 pct. It was the fourth consecutive year of profit increases for the New York-based retailer which was founded over 100 years ago. Woolworth's 1986 income ro...
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Shr loss 72 cts vs loss 1.48 dlrs Net loss 4,466,006 vs loss 9,091,688 Revs 608,181 vs 1,280,727 Six Mths Shr loss 77 cts vs loss 1.51 dlrs Net loss 4,752,455 vs loss 9,265,457 Revs 1,444,149 vs 2,791,188 Reuter
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The U.S. Agriculture Department said private U.S. exporters reported sales of 104,000 tonnes of corn to unknown destinations for shipment in the 1986/87 marketing year. The marketing year for corn began September 1, it said. Reuter
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<American Aircraft Corp> said it has acquired a 51 pct interest in privately-owned <Hunter Helicopter of Nevada Inc> for an undisclosed amount of stock. An American Aircraft official said the company has an option to acquire the remaining 49 pct. Hunter Helicopter is in the business of building a two pass...
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Qtly div 11 cts vs 11 cts in prior qtr Payable April 10 Record March 23 Reuter
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International Technology Corp said it has purchased privately-held Western Emergency Service Inc in a stock transaction. Western Emergency, an environmental services firm, has annual sales of between one and two mln dlrs, compared to International Technology's roughly 240-mln-dlr annual sales, a spokesman for Inter...
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Shr 20 cts vs 21 cts Net 783,564 vs 806,278 Year Shr 89 cts vs 86 cts Net 3,443,392 vs 3,242,588 Note:Full company name is Continental General Insurance Co Net includes profit from sale of securities of 155,410 dlrs, or four cts a share, and 192,896 dlrs, or five cts a share, respectively, in 19...
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Shr loss 1.60 dlrs vs loss 45 cts Net loss 9,883,000 vs loss 2,744,000 Revs 1,309,000 vs 3,289,000 Nine mths Shr loss 2.29 dlrs vs loss 98 cts Net loss 14.1 mln vs loss 6,008,000 Revs 4,577,000 vs 11.9 mln NOTE: Current periods include loss of 7.5 mln dlrs from discontinued operations. Reut...
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Oper shr profit 21 cts vs loss 2.13 dlrs Oper net profit 456,000 vs loss 2,454,000 Revs 16.3 mln vs 13.1 mln Year Oper shr 1.39 dlrs vs loss 2.41 dlrs Oper net profit 1,815,000 vs loss 2,779,000 Revs 58.0 mln vs 43.8 mln NOTE: 1986 4th qtr and yr oper net exclude realized investment gains of...
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Continental General Insurance Co said its board of directors declared a 10 pct stock dividend on common shares, payable April one to shareholders of record March 16. The company yesterday paid a quarterly cash dividend of 2-1/2 cts a share, unchanged from the previous quarter, to shareholders of record February 20....
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Shr loss 1.60 dlrs vs loss 45 cts Net loss 9,883,000 vs loss 2,744,000 Revs 1,309,000 vs 3,289,000 Nine mths Shr loss 2.29 dlrs vs loss 98 cts Net loss 14.1 mln vs loss 6,008,000 Revs 4,577,000 vs 11.9 mln Note: 1986 net losses inlcude 7,507,000-dlr charge from discontinued operations of bui...
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Harris Associates L.P., a Chicago investment advisory limited partnership, said it lowered its stake in Bell Industries Inc to 1,015,800 shares, or 18.7 pct of the total outstanding, from 1,083,800 shares, or 20.0 pct. In a filing with the Securities and Exchange Commission, Harris said it sold 68,000 Bell common s...
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The chairman of Goodyear Tire and Rubber Co, a concern that survived a recent hostile takeover bid, charged that "terrorists in three-piece suits" are undermining the nation's industrial base. In a speech to a meeting of south Florida business executives, Goodyear Chairman Robert Mercer lashed out at corporate raiders ...
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Shr six cts vs five cts Net 459,131 vs 289,433 Revs 1,808,832 vs 1,680,240 Reuter
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The Commodity Credit Corporation has approved an additional 45.0 mln dlrs under its interemdiate export credit guarantee program, GSM-103, for sales of U.S. wheat to Morocco, the U.S. Agriculture Department said. The action increases Morocco's cumulative fiscal year 1987 program for wheat under GSM-103 to 75.0 mln ...
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Qtrly div 17 cts vs 17 cts prior Pay April 13 Record March 25 Reuter
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Soviet winter grains could be off to a faulty start this spring after enduring an usually dry fall and cold winter, weather and crop analysts said. Prospects for another near-record grain harvest in the Soviet Union appear dim at this point, but it is premature to forecast any major crop problems, analysts said. ...
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Shr loss 72 cts vs loss 1.48 dlrs Net loss 4,466,006 vs loss 9,091,688 Revs 608,181 vs 1,280,727 Avg shrs 6,194,000 vs 6,155,461 First half Shr loss 77 cts vs loss 1.51 dlrs Net loss 4,752,455 vs loss 9,265,457 Revs 1,444,149 vs 2,791,188 Avg shrs 6,174,731 vs 6,155,461 NOTE: Losses ...
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Hanson Trust PLC said Kaiser Cement shareholders today approved the previously announced merger agreement making Kaiser Cement an indirect wholly owned unit of Hanson Trust. Hanson said that promptly following the filing of the certificate of merger Kaiser Cement common shares will be delisted from the New York Sto...
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Crude oil prices rallied today, moving over 17.00 dlrs a barrel because of Saudi Arabia's determined effort to support prices, analysts said. "The Saudis and other OPEC nations are jawboning the market, hoping to restore confidence and prices and to do this without another meeting," said Sanford Margoshes, oil anal...
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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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Seaman Furniture Co Inc said its board declared a two-for-one split of the company's outstanding stock. It said holders of its common will receive one additional share for each share held as of March 20. It said certificates representing additional shares will be distributed as soon as possible after April 10. Reu...
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Oper shr eight cts vs eight cts Oper net 5,219,000 vs 4,377,000 Revs 214.9 mln vs 182.5 mln NINE MTHS Oper shr 51 cts vs 51 cts Oper net 29.6 mln vs 27.9 mln Revs 634.5 mln vs 569.3 mln 1986 net excludes extraordinary gain of 8,031,000 dlrs or 15 cts shr. 1987 net reflects three-for-one ...
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Telxon Corp reported it expects revenues for the quarter ending March 31 to be between 26 to 28 mln dlrs. The company said earnings per share for the period should be between 23 cts to 26 cts. "The company is making an announcement at this time in response to analysts fourth quarter revenues and earnings per sh...
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Royal Resources Corp said its board set an April 21 a shareholders' meeting to vote on the sale of its oil and gas properties for 3,650,000 dlrs, an increase in authorized common to 20 mln shares from 15 mln and the change of the company's name to Royal Gold Inc. The company has agreed to sell its oil and gas prope...
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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 figures not given. Reuter
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Shr 12 cts vs 19 cts Net 369,000 vs 358,000 Revs 7,076,000 vs 6,712,000 Avg shrs 3,050,000 vs 1,850,000 Nine mths Shr 53 cts vs 63 cts Net 1,523,000 vs 1,158,000 Revs 22.6 mln vs 20.7 mln Avg shrs 2,852,198 vs 1,850,000 Reuter
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Qtly div 28 cts vs 28 cts prior Pay April one Record March 13 Reuter
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Qtly div six cts vs six cts prior Pay April one Record March 23 Reuter
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Qtr ended Jan 31 Shr 12 cts vs 19 cts Net 369,000 vs 358,000 Revs 7,076,000 vs 6,712,000 Avg shrs 3,050,000 vs 1,850,000 Nine mths Shr 53 cts vs 63 cts Net 1,523,000 vs 1,158,000 Revs 22.6 mln vs 20.7 mln Avg shrs 2,852,198 vs 1,850,000 Reuter
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Net loss 705,496 vs loss 182,766 Sales 642,590 vs 1,126,315 Reuter
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<PanCanadian Petroleum Ltd> said it agreed to sell its working interest in its North Sea properties and its British unit, Canadian Pacific Oil and Gas of Canada Ltd, to Whitehall Petroleum Ltd, a private British company. PanCanadian, 87 pct-owned by Canadian Pacific Ltd <CP>, said it would receive 1.7 mln Bri...
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Telxon Corp said it expects per-share earnings for its fourth quarter ending March 31 to be about 23 cts to 26 cts on revenues of 26 mln dlrs to 28 mln dlrs. For the year-ago quarter, the company earned 22 cts a share, adjusted for a three-for-two stock split, on revenues of 24.2 mln dlrs. The company said it m...
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Reid-Ashman Inc said it has decided to divest its test products division, located in Santa Clara. The company said it will entertain offers through March 30. It also said Steven Reid, a company founder and president of the test division, has made an offer to purchase the unit. The company's test division accoun...
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Qtly div 87 cts vs 87 cts Pay Feb 17 Record Jan 20 Reuter
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Qtly div five cts vs five cts Pay May 22 Record May 8 Reuter
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Distillate fuel stocks held in primary storage fell by 4.4 mln barrels in the week ended Feb 27 to 127.10 mln barrels from 131.50 mln the previous week, the American Petroleum Institute (API) said. In its weekly statistical bulletin, the oil industry trade group said gasoline stocks fell 30,000 barrels to 252.92 ml...
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Shr six cts vs five cts Net 199,037 vs 135,587 Sales 1,594,895 vs 1,368,959 Avg shrs 3.1 mln vs 2.5 mln Year Shr 25 cts vs 19 cts Net 695,398 vs 446,426 Sales 5,785,365 vs 4,520,781 Avg shrs 2.8 mln vs 2.4 mln Reuter
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Qtly div 12-1/2 cts vs 12-1/2 cts Pay March 31 Record Feb 27 Reuter
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Exports of American wine rose 14.9 per cent last year to a total of 7.2 million gallons, the Wine Institute said. The San Francisco-based promotional group said 95 per cent of the exported wine was from California and the top three markets were Canada, Japan and Britain. Japan, which edged out Britain as the le...
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Shr nine cts vs six cts Net 3,500,000 vs 2,500,000 Revs 294.0 mln vs 351.5 mln Note: 1986 year includes tax gain of 1,700,000 dlrs Reuter
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Oppenheimer and Co, a New York brokerage firm, said it raised its stake in Viacom International Inc to the equivalent of 2,709,600 shares, or 7.7 pct of the total, from 2,232,400 shares, or 6.3 pct. In a filing with the Securities and Exchange Commission, Oppenheimer said it bought a net 477,200 Viacom common share...
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Shr loss 25 cts vs profit 11 cts Net loss 446,005 vs profit 185,325 Sales 2.4 mln vs 2.5 mln 12 mths Shr loss 16 cts vs profit 41 cts Net loss 282,305 vs profit 709,787 Sales 10.1 mln vs nine mln Reuter
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The U.S. Senate Agriculture Committee may take up a bill tomorrow that would strengthen the activities of U.S. agricultural trade teams in selected developing countries, committee staff said. The measure, sponsored by committee Chairman Patrick Leahy (D-Vt.) and Sen. John Melcher (D-Mont.), would establish trade te...
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Florida Public Utilities Co said its board declared a three-for-two stock split on its common stock. It said holders of record April 15 will receive one additional share May one for each two shares held. The company also said it raised the dividend on its common stock by two cts to 33 cts a share on a pre-split...
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City Investing Co Liquidating Trust said it declared a cash distribution of 25 cts a unit, payable April 10 to unit-holders of record April one. The trust last paid a stock distribution of General Development Corp <GDB> shares in July. Reuter
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Qtly div 14 cts vs 19 cts prior Pay March 31 Record March 16 Note: Quarterly dividend for prior quarter included special payout of five cts a share. Reuter
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Oper shr 33 cts vs 33 cts Oper net 3,330,000 vs 2,969,000 Revs 95.9 mln vs 92.0 mln Avg shrs 8,610,068 vs 7,603,219 Note: 1986 net excludes extraordinary gain of 577,000 dlrs or seven cts shr vs yr-ago gain of 71,000 dlrs or one ct shr. Reuter
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Shr profit 31 cts vs loss 20 cts Net profit 1,044,424 vs loss 515,425 Avg shrs 3,406,841 vs 2,544,531 Year Shr profit 2.83 dlrs vs profit 42 cts Net profit 8,811,142 vs profit 1,058,503 Avg shrs 3,111,464 vs 2,544,531 Note: Full company name is United Fire and Casualty Co Net includes re...
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Oper shr 30 cts vs 24 cts Oper net 38,686,000 vs 28,384,000 Revs 42.3 mln vs 31.2 mln Year Oper shr 1.05 dlrs vs 94 cts Oper net 136,594,000 vs 110,831,000 Revs 153.3 mln vs 125.1 mln Note: Fourth quarter results exclude extraordinary and other items which raised final 1986 net to 62,485,000...
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Eligible producers of 1986 crop U.S. corn and sorghum will receive an estimated 600 mln dlrs in deficiency payments -- 50 pct in generic commodity certificates and 50 pct in cash, the U.S. Agriculture Department said. It said corn producers will receive about 515 mln dlrs and sorghum producers about 85 mln dlrs. ...
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Shr loss 1.48 dlrs vs loss 36 cts Net loss 4,036,000 vs loss 983,000 Sales 16.6 mln vs 17 mln 12 mths Shr loss 1.88 dlrs vs profit 71 cts Net loss 5,113,000 vs profit 1,904,000 Sales 85.4 mln vs 88.5 mln Note: Prior year net includes extraordinary loss of 298,000 dlrs in qtr and extraordinar...
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The Australian Government will likely reimburse the Australian Wheat Board, AWB, about 132 mln (U.S.) dlrs to pay wheat farmers for their 1986/87 crop, the U.S. Agriculture Department said. In its report on Export Markets for U.S. Grains, the department said the sharp fall in world wheat prices has reduced the expo...
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Qtly div seven cts vs six cts prior Pay April 17 Record April three Reuter
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Kaneb Energy Partners Ltd said it may be forced to omit or lower future quarterly cash distributions because of a contract dispute with two major customers and the continued slump in oil and gas prices. The partnership said, however, that it will pay a regular quarterly distribution of 60 cts a unit on April 15 to ...
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Shr 50 cts vs 46 cts Net 43.0 mln vs 34.8 mln YEAR Shr 1.55 dlrs vs 1.38 dlrs Net 136.8 mln vs 112.9 mln Note: Holding company. Reuter
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Qtly div 14 cts vs 14 cts prior Payable March 31 Record March 16 Reuter
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Shr 16 cts vs 35 cts Net 476,000 vs 929,000 Revs 3,000,000 vs 3,600,000 Reuter
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Japanese traders have apparently sharply reduced commitments to buy Chinese corn over the next six months due to high prices, the U.S. Agriculture Department said. In its World Production and Trade Report, the department said traders indicated China may lack supplies or be unwilling to sell at current low world pri...
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Saudi Arabia will succeed in pressuring other members of the Organization of Petroleum Exporting Countries to stay within their production quotas, said Morgan Stanley Group managing director John Wellemeyer. Wellemeyer, speaking to reporters at an offshore oil engineering conference, also said he expected OPEC nati...
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The European Community, EC, sold 75,000 tonnes of soft wheat at a subsidized price of between 85 and 89 dlrs per tonne FOB for March delivery in a continuing bid to establish itself in the Brazilian wheat market, the U.S. Agriculture Department said. The sale sharply undercut the U.S. offer of 112 dlrs per tonne FO...
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Zenith Laboratories Inc said the company will report a fourth quarter loss, and the amount will be determined on completion of its year end audit. The company did not elaborate further. For the third quarter ended Sept 30, 1986, Zenith reported a loss of 3,451,000 dlrs or 16 cts per share, adjusted for a May 1986 2...
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Taiwan passed on its tender overnight for 25,000 tonnes of U.S. corn and 49,000 tonnes U.S. sorghum, private export sources said. Taiwan will retender for the corn, for May 15-30 shipment if via the Gulf, or June 1-15 via Pacific northwest, on March 6, but has not rescheduled a tender for sorghum, they said. Reute...
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Bangladesh passed on its weekend tender for 100,000 tonnes of optional origin soft wheat, private export sources said. Reuter
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Despite earlier optimistic indications, the South African corn crop is at a critical stage in its development and recent reports of heat stress could reduce production and therefore exportable supplies, the U.S. Agriculture Department said. In its report on Export Markets for U.S. Grains, the department said South ...
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Shr four cts vs three cts Net 4,505,000 vs 4,493,000 Revs 23.3 mln vs 21.4 mln Reuter
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Chicago Board of trade grain traders and analysts voiced a lot of interest in how farmers planned to handle their upcoming spring plantings, prompting sales of new crop months of corn and oats and purchases in new crop soybeans in the futures markets. Professionals in the grains trade think that farmers will be mor...
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The Senate Agriculture Committee is expected to take up a bill tomorrow that would exempt from government conservation regulations those farmers who have rotated alfalfa and other multiyear grasses and legumes with row crops, committee staff said. Under current so-called "sodbuster" law, farmers who planted alfalfa...
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GTX Corp said Nippon Steel Co of Japan, in a move to diversify into high technology, invested eight mln dlrs in GTX. Nippon's move was the result of current exchange rates and the revaluation of the yen, which "have made the U.S. electronics industry an attractive investment opportunity for Japanese corporations," ...
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C.T.C. Dealer Holdings Ltd said it extended its previously announced offer for 49 pct of <Canadian Tire Corp Ltd> to midnight on March 26. CTC, a group of Canadian Tire dealers, which already owns 17 pct of Canadian Tire, is currently appealing in an Ontario court against a previously announced Ontario Securitie...
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Rockwell International Corp continues to expect significant improvement in 1987 results, despite the somewhate disappointing performance of one of its business segments, President Donald Beall told Reuters. Rockwell reported net earnings in its first quarter ended December 31 of 149.4 mln dlrs, or 1.05 dlrs per sha...
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Qtly div 1-1/2 cts vs 1-1/2 cts prior Pay March 31 Record March 13 Reuter
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The International Swap Dealers Association has developed the first standard form contract for use by arrangers of currency and interest rate swap transactions, said Thomas Jasper, the Association's co-chairman. The contract, unveiled at a press conference , is expected to make the 300 billion dlr a year swap market...
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Metropolitan Federal Savings and Loan Association said it has signed a letter of intent to acquire American Trust of Hendersonville, Tenn., for an undisclosed amount of cash. American Trust had year-end assets of over 40 mln dlrs. Reuter
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General Motors Corp said its Pontiac Division has established an interest rate support incentive program, effective immediately, as an alternative to its current option bonus program. The company said qualified buyers of Pontiacs may now select special finance rates of 3.9 pct on 24-month contracts, 7.9 pct on 36-m...
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Shr not given Oper loss 5,900,000 vs profit 9,300,000 Revs 105.3 mln vs 131.2 mln Year Shr not given Oper loss 21.7 mln vs profit 34.7 mln Revs 370.7 mln vs 515.1 mln Note: 67 pct owned by <British Columbia Resources Investment Corp> Note continued: 1986 qtr excludes extraordinary los...
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Dow Chemical Co said it has agreed in principle to sell its industrial chemicals and plastics business interests in South Africa and related assets to a group of South African investors for undisclosed terms, completing the sale of the company's South African assets Dow said it will continue to support its educatio...
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Shr loss 6.97 dlrs vs profit 92 cts Net loss 240 mln vs profit 31.6 mln Revs 1.9 billion vs 2.5 billion NOTE: 1986 includes loss of 250 mln dlrs or 7.27 dlrs a share from discontinued operations and writedowns of holdings in Texasgulf Inc. 1985 restated. Reuter
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Geonex Corp <GEOX> said BellSouth Corp <BLS> unit Southern Bell Telephone and Telegraph Co's decision to postpone the start up of new conversion assignments at Geonex's Chicago Aerial Survey unit could negatively affect its fiscal 1987 revenues. The company said it had expected higher revenues from the record...
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