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AMERICAN STORES <ASC> SEES LOWER YEAR NET
| 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.
| Corporate News |
CAMPBELL SOUP CO <CPB> SETS QUARTERLY DIVIDEND
| Qtly div 36 cts vs 36 cts
Pay April 30
Record April 7
| Financial Reports |
EQUITABLE RESOURCES INC <EQT> IN REGULAR PAYOUT
| Qtly div 30 cts vs 30 cts prior
Pay June one
Record May eight
NOTE: Current dividend is equivalent to previous quarterly
dividend of 45 cts per share, after giving effect to 3-for-2
stock split effective March 3, 1987.
| Corporate News |
ELECTROSOUND GROUP INC <ESG>3RD QTR FEB 28 LOSS
| Oper shr loss one cts vs loss five cts
Oper net loss 15,000 vs loss 79,000
Revs 6,244,000 vs 8,148,000
Avg shrs 1,912,000 vs 1,537,000
Nine mths
Oper shr profit 19 cts vs profit 22 cts
Oper net profit 347,000 vs profit 341,000
Revs 22.6 mln vs 28.5 mln
Avg shrs 1,840,00... | Financial Reports |
BP <BP> MAY HAVE TO RAISE BID - ANALYSTS
| British Petroleum Co PLC may have to
raise its planned 70 dlrs a share tender offer for the publicly
traded shares of Standard Oil Co <SRD>, analysts said.
"There's a lot of speculation here that someway or other
they would be forced to come up with another bid," said Rosario
Ilaqua of L.F. Rothschil... | Financial Reports |
KASLER CORP <KASL> 1ST QTR JAN 31 NET
| Shr profit three cts vs loss seven cts
Net profit 161,000 vs loss 367,000
Revs 24.3 mln vs 26.5 mln
| Financial Reports |
VIACOM <VIA> SETS RECORD DATE FOR MERGER VOTE
| Viacom International Inc said it set
April 6 as the record date for shareholders entitled to vote at
a special meeting to be held to vote on the proposed merger of
Arsenal Acquiring Corp, a wholly-owned subsidiary of <Arsenal
Holdings Inc> into Viacom.
It said the date of the special meeting has not ... | Financial Reports |
NO GRAIN SHIPMENTS TO THE USSR -- USDA
| There were no shipments of U.S.
grain or soybeans to the Soviet Union in the week ended March
19, according to the U.S. Agriculture Department's latest
Export Sales report.
The USSR has purchased 2.40 mln tonnes of U.S. corn for
delivery in the fourth year of the U.S.-USSR grain agreement.
Total... | Financial Reports |
COURIER <CRRC> SEES SECOND QUARTER LOSS
| Courier Corp said it expects to
report a small loss for the second fiscal quarter against a
profit of 828,000 dlrs a year ago.
The company attributed the loss to competitive pressures
which have cut gross margins. In addition, it said it is
incurring significant expenses from management programs aimed
... | Financial Reports |
CONTINUING CARE ASSOCIATES <CONC> 4TH QTR NET
| Shr four cts vs two cts
Net 59,700 vs 27,300
Revs 3,123,900 vs 1,911,900
12 mths
Shr six cts vs nine cts
Net 94,100 vs 81,600
Revs 9,802,000 vs 5,922,000
NOTE: qtr 1986 and qtr prior includes tax gain 9,000 and
1,900, respectively; and year 1986 and year prior includes tax
... | Financial Reports |
USDA COMMENTS ON EXPORT SALES REPORT
| Corn sales of 2,806,300 tonnes in
the week ended March 19 were the highest level since
mid-November, 1979, the U.S. Agriculture Department said.
The department said the USSR dominated the week's activity
with purchases of 1.4 mln tonnes (which were earlier reported
under the daily reporting system). Oth... | Other |
U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION DLRS IN MARCH 16 WEEK, FED SAYS
|
U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION DLRS IN MARCH 16 WEEK, FED SAYS
| Other |
U.S. BANK DISCOUNT BORROWINGS AVERAGE 302 MLN DLRS A DAY IN MARCH 25 WEEK, FED SAYS
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 302 MLN DLRS A DAY IN MARCH 25 WEEK, FED SAYS
| Commodities and Trade |
U.S. BANK NET FREE RESERVES 603 MLN DLRS IN TWO WEEKS TO MARCH 25, FED SAYS
|
U.S. BANK NET FREE RESERVES 603 MLN DLRS IN TWO WEEKS TO MARCH 25, FED SAYS
| Financial Reports |
VALLEY FEDERAL <VFED> SPLITS STOCK TWO-FOR-ONE
| Valley Federal Savings and
Loan Association said its board declared a two-for-one stock
split for its common stock.
The split will be effected in the form of a 100 pct stock
dividend, to be issued April 30 to stockholders of record March
31.
| Corporate News |
ATCOR <ATCO> CUTS DIVIDEND
| Atcor Inc said it cut its
quarterly dividend to three cts per share from 12 cts because
of depressed earnings.
The dividend is payable April 15 to holders of record April
6.
It said it will continue to review the dividend on a
quarterly basis.
| Corporate News |
U.S. M-1 MONEY SUPPLY RISES 1.2 BILLION DLR
| U.S. M-1 money supply rose 1.2 billion
dlrs to a seasonally adjusted 740.2 billion dlrs in the March
16 week, the Federal Reserve said.
The previous week's M-1 level was revised to 739.0 billion
dlrs from 738.7 billion, while the four-week moving average of
M-1 rose to 739.1 billion dlrs from 738.3 bill... | Financial Reports |
TERRANO CORP <TRNO> YEAR DEC 31 OPER NET
| Oper shr profit 12 cts vs loss 1.15 dlrs
Oper net profit 300,286 vs loss 2,855,887
Revs 2,456,616 mln vs 2,979,206
Avg shrs 2,527,720 vs 2,482,197
NOTE: 1986 earnings exclude extraordinary gain from
forgiveness of debt through reorganization under Chapter 11 of
280,505 dlrs, or 11 cts a sh... | Commodities and Trade |
ATCOR INC <ATCO> CUT DIVIDEND
| Qtly div three cts vs 12 cts prior
Pay April 15
Record April 6
| Commodities and Trade |
UNILEVER HAS IMPROVED MARGINS, VOLUMES IN 1986
| 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 incre... | Commodities and Trade |
STANDARD OIL <SRD> SEES BOOST IN 1987 CASH FLOW
| Standard Oil Co expects the sale of
assets and federal tax refunds resulting from last year's loss
to add about one billion dlrs to its normal cash flows from
operations in 1987, its annual report said.
Last year, the report noted, the cash flow from operations
dropped to 1.8 billion dlrs from 3.5 billi... | Commodities and Trade |
FORMER HERSTATT DEALER CAN BE SUED, COURT RULES
| The former chief currency
dealer of Herstatt Bank, which collapsed in 1974 on foreign
exchange speculation in West Germany's biggest banking crash,
can stand trial for damages, a court ruled.
The court overturned a claim by Danny Dattel that a case
for damages should not be allowed after such a long int... | Financial Reports |
NEXT FEW MONTHS CRUCIAL FOR OIL - HERNANDEZ
| Energy and Mines Minister Arturo
Hernandez Grisanti today told a meeting of regional oil
exporters the next few months will be critical to efforts to
achieve price recovery and stabilize the market.
Hernandez said while OPEC and non-OPEC nations have
already made some strides in their efforts to streng... | Commodities and Trade |
HOWARD B. WOLF INC <HBW> 3RD QTR FEB 28 NET
| Shr two cts vs three cts
Net 21,080 vs 35,393
Revs 2,026,017 vs 2,476,068
Nine mths
Shr five cts vs six cts
Net 48,567 vs 59,527
Revs 6,231,242 vs 6,519,473
| Market and Economy |
BURR-BROWN <BBRC> SEES LOWER 1ST QTR EARNINGS
| Burr-Brown Corp said its first
quarter 1987 results will show profits significantly below the
1,058,000 dlrs, or 11 cts per share, earned in the first
quarter last year.
The company said the profit decline will be the result of
an increase in reserves for inventory valuation. The increase
will be to c... | Corporate News |
26-FEB-1987
| 26-FEB-1987
| Other |
SARA LEE <SLE> TO BUY 34 PCT OF DIM
| 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 5... | Financial Reports |
BRAZIL OIL OUTPUT FELL IN FEBRUARY, USAGE UP
| Brazilian crude oil and
liquefied natural gas production fell to an average 583,747
barrels per day in February from 596,740 in the same 1986
month, the state oil company Petrobras said.
The drop was due to operating problems in the Campos Basin,
the country's main producing area, where output was down ... | Financial Reports |
MEDIA GENERAL INC UPS QTLY DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT
|
MEDIA GENERAL INC UPS QTLY DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT
| Market and Economy |
CORRECTED - MEDIA GENERAL INC UPS ANNUAL DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT (CORRECTS TO SHOW RAISE IN ANNUAL DIV, NOT QTLY)
|
CORRECTED - MEDIA GENERAL INC UPS ANNUAL DIV TO 68 CTS/SHR FROM 64 CTS, SETS STOCK SPLIT (CORRECTS TO SHOW RAISE IN ANNUAL DIV, NOT QTLY)
| Other |
CENTRAL CAPITAL PLANS THREE-FOR-TWO STOCK SPLIT
| <Central Capital Corp> said it planned
a three-for-two split of its common and class A subordinate
voting shares, subject to shareholder approval at the April 23
annual meeting.
It said the split would raise the amount of common shares
to about 25.2 mln from 16.8 mln and subordinate voting shares
t... | Financial Reports |
WHITE HOUSE UNIT DECIDES ON SEMICONDUCTORS
| The White House Economic Policy
Council made a recommendation to President Reagan whether to
retaliate against Japan for alleged unfair practices in
semiconductor trade, U.S. officials said.
They would not disclose the council's recommendation, but
the officials said earlier it was likely the council wo... | Commodities and Trade |
NORTHERN INDIANA <NI> 12 MTHS FEB 28 LOSS
| Shr loss 66 cts vs profit 1.07 dlrs
Net loss 20,957,000 vs profit 11,041,000
Revs 1.54 billion vs 1.85 billion
Avg shrs 73.2 mln vs 71.7 mln
NOTE: 1986 net excludes charge of 94.8 mln dlrs or 1.32
dlrs a share from abandonment of Bailly nuclear plant.
Northern Indiana Public Service Co... | Financial Reports |
CHAVIN RAISES STAKE IN MYERS (MYR)
| Chicago real estate developer
Leonard Chavin told the Securities and Exchange Commission he
had raised his stake in the L.E. Meyers Co Group to 11 pct from
9.7 pct.
He also said an investment banker repesenting him met with
Myers' officers, telling them of his plans for a takeover and
that he may soli... | Other |
CANAMAX, PACIFIC TRANS-OCEAN APPROVE PRODUCTION
| <Canamax Resources Inc> and <Pacific
Trans-Ocean Resources Ltd> said they conditionally approved
starting production at their jointly owned Ketza River gold
deposit in the Yukon after a study recommended the move.
They said production was conditional on approval of a water
license and arrangement ... | Financial Reports |
CAMPBELL RED LAKE MINES LTD 4TH QTR SHR 21 CTS VS 10 CTS
|
CAMPBELL RED LAKE MINES LTD 4TH QTR SHR 21 CTS VS 10 CTS
| Market and Economy |
GOLD PRODUCTION TO START AT KETZA RIVER
| Canamax Resources Inc and Pacific
Trans-Ocean Resources Ltd said they conditionally approved
starting production at their jointly owned Ketza River gold
deposit in the Yukon after a study recommended the move.
They said production was conditional on approval of a water
license and arrangement of appropr... | Market and Economy |
HONEYWELL <HON> DEBT RISES ON SPERRY BUYOUT
| Honeywell Inc said its total debt
rose by more than 85 pct in 1986, mainly due to its 1.02
billion dlr acquisition of the Sperry Aerospace Group.
At yearend, according to the company's 1986 annual report,
Honeywell's total debt stood at 1.44 billion dlrs, compared
with 776.6 mln dlrs in 1985.
Hone... | Corporate News |
MCINTYRE MINES <MP> COMPLETES UNIT SALE
| McIntyre Mines Ltd said it completed
the previously announced sale of all shares of wholly owned
Smoky River Coal Ltd and certain related assets to Smoky River
Holdings Ltd for a nominal cash consideration.
McIntyre did not specify the cash amount of the sale.
Smoky River Holdings is an Alberta comp... | Financial Reports |
CHINA CALLS FOR BETTER TRADE DEAL WITH U.S.
| 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... | Other |
MEDIA GENERAL <MEG.A> UPS DIVIDEND, SETS SPLIT
| Media General Inc said it raised
the annual dividend on its class A and class B common stock to
68 cts a share from 64 cts.
The company said it also declared a two-for-one stock split
of both stock issues, which is subject to shareholder approval
of an increase in the number of authorized class A shares... | Commodities and Trade |
INVESTMENT GROUP UPS STAKE IN SCANDINAVIA <SCF>
| A multinational shareholder group
told the Securities and Exchange Commission it increased its
stake in Scandinavia Fund Inc to 35.5 pct, from 30.5 pct.
The investors include Ingemar Rydin Industritillbehor AB,
of Sweden, and VBI Corp, of the West Indies.
| Other |
CAMPBELL RED LAKE MINES LTD <CRK> 4TH QTR NET
| Shr 21 cts vs 10 cts
Net 10,798,000 vs 4,704,000
Revs 47.4 mln vs 32.9 mln
YEAR
Shr 58 cts vs 54 cts
Net 29.1 mln vs 25.8 mln
Revs 187.7 mln vs 134.7 mln
Note: 1986 net includes 2.8 mln dlr extraordinary gain in
4th qtr and 6.5 mln dlr fl-yr extraordinary loss involving
p... | Commodities and Trade |
(CORRECTED)-<AMERICAN VARIETY INTERNATIONAL INC>
| Shr loss seven cts vs profit 11 cts
Net loss 76,888 vs profit 106,885
Revs 752,234 vs 922,036
(corrects year ago per share to profit, instead of loss in
item that ran on March 23)
| Financial Reports |
OIL EXECUTIVES SEE GRADUAL RISE IN PRICES
| Top executives with Tenneco Corp <TGT>
and Sabine Corp <SAB> said they expected world oil prices to
gradually increase over the next two years as U.S. reliance on
imports of oil from the Middle East grows.
"I believe we have bottomed out and can look forward to a
trend of gradually increasing pri... | Commodities and Trade |
U.S. COMMERCE SECRETARY SAYS EXPORT RISE NEEDED
| Commerce Secretary Malcolm Baldrige
said after the release of a sharply lower January leading
indicator index that a pickup in exports is needed.
"The best tonic for the economy now would be a pickup in net
exports," he said in a statement after the department reported
the index fell 1.0 pct in January ... | Commodities and Trade |
REPORT SAYS SOVIET ECONOMIC PLANS TOO OPTIMISTIC
| The Soviet economy has grown at an
increased rate under Mikhail Gorbachev's leadership, but his
goals may be too ambitious, according to a report from U.S.
intelligence agencies.
The report was prepared jointly by the Central Intelligence
Agency and the Defense Intelligence Agency for the
Congressiona... | Commodities and Trade |
GREAT AMERICAN CORP SEES 1ST QTR CHARGE OF 14.1 MLN DLRS AGAINST LOAN LOSS ALLOWANCE
|
GREAT AMERICAN CORP SEES 1ST QTR CHARGE OF 14.1 MLN DLRS AGAINST LOAN LOSS ALLOWANCE
| Commodities and Trade |
GREAT AMERICAN <GTAM> SEES CHARGE, WRITEDOWN
| Great American Corp said
preliminary findings by regulatory examiners of its AMBANK
subsidiary will result in a first quarter charge of 14.1 mln
dlrs and a writedown of 1.4 mln dlrs.
The charge will be made against the allowance for possible
loan losses, and the writedown is of other real estate.
... | Commodities and Trade |
<MARATHON NATIONAL BANK> YEAR NET
| Shr 78 cts vs 51 cts
Net 725,000 vs 451,000
Assets 98.5 mln vs 85.9 mln
Loans 40.5 mln vs 28.8 mln
Deposits 90.4 mln vs 78.7 mln
| Commodities and Trade |
MACMILLAN BLOEDEL <MMBLF> STOCK SPLIT APPROVED
| MacMillan Bloedel
Ltd said shareholders approved the company's previously
reported proposed three-for-one stock split.
| Corporate News |
CTC DEALER TO APPEAL CANADIAN TIRE DECISION
| CTC Dealer Holdings Ltd said it would
appeal a previously reported Ontario court ruling upholding an
Ontario Securities Commission decision to block CTC's bid for
49 pct of <Canadian Tire Corp Ltd> common shares.
CTC, a group of Canadian Tire dealers, added that it also
extended its tender offer to M... | Commodities and Trade |
PRECAMBRIAN SHIELD TAKES 51 MLN DLR WRITEDOWN
| <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 to... | Commodities and Trade |
URS CORP <URS> REGULAR STOCK DIVIDEND
| Qtly div five pct stock vs five pct stock
Pay April 16
Record April six
| Commodities and Trade |
DUCOMMUN INC <DCO> QUARTERLY DIVIDEND
| Qtly div five cts vs five cts
Pay April 30
Record April 15
| Commodities and Trade |
TEKTRONIX INC <TEK> QUARTERLY DIVIDEND
| Qtly div 15 cts vs 15 cts
Pay May 4
Record April 10
Note: previous dividend restated to reflect January 26
two-for-one stock split.
| Corporate News |
<MCM CORP> TO DELAY YEAREND REPORT
| McM Corp said it has been forced
to delay the release of its fourth quarter and yearend results
until it can determine the effects on its balance sheet of a
possible increase in liabilities at a unit.
Earlier this month, the company's Occidental Fire and
Casualty Co unit paid 26 mln dlrs to a unit of &l... | Commodities and Trade |
FED DATA INDICATE POLICY LIKELY TO STAY ON HOLD
| Federal Reserve data released today
indicate that there has been no policy change in recent weeks
and that none is likely at next week's Federal Open Market
Committee (FOMC) meeting, economists said.
"The Fed continues to be accommodative in its provision of
reserves, indicating that there has been no p... | Corporate News |
BLASIUS INDUSTRIES INC <BLAS> 3RD QTR LOSS
| Qtr ended Feb 28
Oper shr loss one ct vs profit 12 cts
Oper net profit 3,000 vs profit 218,000
Revs 12.0 mln vs 10.6 mln
Avg shrs 2,421,000 vs 1,602,000
Nine mths
Oper shr profit 28 cts vs profit 24 cts
Oper net profit 639,000 vs profit 500,000
Revs 34.6 mln vs 31.2 mln... | Other |
GAINSCO INC <GAIN> 4TH QTR NET
| Shr nil vs four cts
Net 12,000 vs 140,000
Revs 4,446,000 vs 3,998,000
Avg shrs 4,364,000 vs 3,461,000
Year
Shr 60 cts vs 22 cts
Net 2,257,000 vs 774,000
Revs 18.3 mln vs 21.1 mln
Avg shrs 3,788,000 vs 3,461,000
Note: Net includes realized gains on investment... | Market and Economy |
GATT WARNS U.S. ON FEDERAL BUDGET, PROTECTIONISM
| The United States' emphasis on its
foreign trade deficit is misplaced and the country's real
problem lies in its large federal budget deficit, the General
Agreeement on Tariffs and Trade (GATT) said.
By stressing its record trade deficit of 169.8 billion
dlrs last year, the U.S. Was fuelling protection... | Other |
OREGON ALUMINUM SMELTER INCREASING OUTPUT
| Northwest Aluminum Co said it
will open a second pot line in mid-May, bringing the smelter
here to 80 pct of its production capacity.
Northwest Aluminum President Brett Wilcox, who leased the
30-year-old smelter from Martin Marietta Corp., said production
would increase from around 45 tons a year at pre... | Commodities and Trade |
KENYAN ECONOMY FACES PROBLEMS, PRESIDENT SAYS
| 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 1... | Other |
Japan February consumer prices unchanged (0.4 pct January drop) - official
|
Japan February consumer prices unchanged (0.4 pct January drop) - official
| Other |
JAPAN CONSUMER PRICES UNCHANGED IN FEBRUARY
| Japan's consumer price index (base 1985)
was unchanged at 99.7 in February from a month earlier, the
government's Management and Coodination Agency said.
The index showed a 0.4 pct drop in January.
The February index was down one pct from a year earlier for
the third consecutive year-on-year drop.
... | Financial Reports |
N.Z. FOREIGN RESERVES FALL SLIGHTLY IN FEBRUARY
| New Zealand's official foreign
reserves fell slightly to 7.13 billion N.Z. Dlrs in February
from 7.15 billion in January but were sharply above 2.85
billion in February 1986, the Reserve Bank said in its weekly
statistical release.
| Industrial and Sector News |
Bank of Japan buys dollars around 149.00 yen - Tokyo dealers
|
Bank of Japan buys dollars around 149.00 yen - Tokyo dealers
| Other |
WHITE HOUSE PANEL SAID URGING JAPAN RETALIATION
| The White House Economic Policy
Council decided to recommend trade sanctions against Japan for
violations of the U.S.-Japanese semiconductor agreement,
industry sources said.
They would give no details, noting that the White House had
not commented on the decision. The administration has been
under pr... | Other |
NAKASONE TO VISIT WASHINGTON IN LATE APRIL
| Prime Minister Yasuhiro Nakasone will
make an official week-long visit to the United States from
April 29 and hold talks in Washington with President Reagan,
Chief Cabinet Secretary Masaharu Gotoda told reporters.
Government sources said Nakasone would try to resolve
growing bilateral trade friction and... | Commodities and Trade |
INDIA STEPS UP COUNTERTRADE DEALS TO CUT TRADE GAP
| India is searching for non-communist
countertrade partners to help it cut its trade deficit and
conserve foreign exchange.
Wheat, tobacco, tea, coffee, jute, engineering and
electronic goods, as well as minerals including iron ore, are
all on offer in return for crude oil, petroleum products,
chemical... | Commodities and Trade |
BP AUSTRALIA REPORTS 16.15 MLN DLR YEAR LOSS
| The <British Petroleum Co of
Australia Ltd> reported a 16.15 mln dlr net loss for 1986
against a 73.38 mln dlr profit in 1985 after sales fell to 2.27
billion dlrs from 2.94 billion.
The British Petroleum Co Plc <BP.L> unit attributed the
deficit to stock losses arising from the drop in crude pric... | Corporate News |
JAPAN SEAMLESS PIPE MAKERS TO FORM EXPORT CARTEL
| Four major Japanese steelmakers plan to
form a seamless pipe export cartel for markets other than the
U.S. And the European Community for a year from April to keep
prices above output costs, company officials involved said.
The companies are Nippon steel Corp <NSTC.T>, Sumitomo
Metal Industries Ltd &... | Other |
ANZ BANK SAYS IT WILL CUT AUSTRALIAN PRIME TO 18.25 PCT FROM 18.5 ON MARCH 30
|
ANZ BANK SAYS IT WILL CUT AUSTRALIAN PRIME TO 18.25 PCT FROM 18.5 ON MARCH 30
| Corporate News |
JARDINE MATHESON HOLDINGS LTD <JARD.HKG> YEAR 1986
| Shr 126 H.K. Cents vs 42 (adjusted)
Final div 30 cents vs 10, making 40 vs 10
Net 479 mln dlrs vs 157 mln
Turnover 10.4 billion vs 10.5 billion
Note - Profits excluded extraordinary items 52 mln dlrs vs
losses 426 mln. Dividend payable after general meeting on June
4, books close April 22 ... | Financial Reports |
BHP CO LTD NET PROFIT 603.0 MLN DLRS FIRST THREE QTRS VS 813.0 MLN
|
BHP CO LTD NET PROFIT 603.0 MLN DLRS FIRST THREE QTRS VS 813.0 MLN
| Corporate News |
JARDINE MATHESON HOLDINGS LTD <JARD.HKG> YEAR 1986
| Shr 126 H.K. Cents vs 42 (adjusted)
Final div 30 cents vs 10, making 40 vs 10
Net 479 mln dlrs vs 157 mln
Turnover 10.4 billion vs 10.5 billion
Note - Profits excluded extraordinary items 52 mln dlrs vs
losses 426 mln. Dividend payable after general meeting on June
4, books close April 22 ... | Other |
Japan February industrial production rose 0.3 pct (0.5 pct January drop) - official
|
Japan February industrial production rose 0.3 pct (0.5 pct January drop) - official
| Corporate News |
THE BROKEN HILL PTY CO LTD <BRKN.S> NINE MONTHS
| First nine months ended Feb 28
Shr 47.4 cents vs 65.2
Net 603.0 mln dlrs vs 813.0 mln
Sales 6.52 billion vs 6.53 billion
Other income 454.9 mln vs 160.2 mln
Shrs 1.27 billion vs 1.03 billion.
Final div 20 cents vs same, making 37.5 vs same.
One-for-five bonus issue
Thir... | Corporate News |
JAPAN INDUSTRIAL PRODUCTION RISES IN FEBRUARY
| Japan's industrial production index (base
1980) rose 0.3 pct to a seasonally adjusted 122.7 in February
from the previous month, the Ministry of International Trade
and Industry said.
Output fell 0.5 pct in January from a month earlier.
The preliminary, unadjusted February index rose 0.6 pct
from ... | Commodities and Trade |
SOUTH KOREA PLANS 11-12 PCT BUDGET RISE IN 1988
| South Korea plans to increase the size of
its budget in 1988 by 11 to 12 pct from this year's 15,596
billion won, Economic Planning Board officials said.
The proposed boost is based on a government forecast that
gross national product (gnp) will grow by more than 7.5 pct and
the gnp deflator by 3.5 pct ... | Other |
SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD
| <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 f... | Other |
JARDINE MATHESON PLANS FOUR-FOR-ONE BONUS ISSUE
| Jardine Matheson Holdings Ltd
<JARD.HKG> said it planned a bonus issue of four new "B" shares
of 20 H.K. Cents each for every ordinary share of par value two
dlrs.
A company statement said the firm expects to pay a total
1987 dividend of four cents per "B" share, while the "A" share
dividend will b... | Market and Economy |
BHP SEES STRONG FOURTH QUARTER BUT LOWER YEAR NET
| The Broken Hill Pty Co Ltd <BRKN.S>
said it expects a strong full year result, helped by sigificant
investment allowance credits in the fourth quarter, but net
will fall short of the record 988.2 mln dlrs earned in 1985/86
ended May 31.
The group earlier reported its net earnings dropped to
603.0 m... | Other |
Japan Feb current account surplus 7.38 billion dlrs (Jan 4.95 billion surplus)
|
Japan Feb current account surplus 7.38 billion dlrs (Jan 4.95 billion surplus)
| Commodities and Trade |
Japan February trade surplus 8.14 billion dlrs (January 5.70 billion surplus)
|
Japan February trade surplus 8.14 billion dlrs (January 5.70 billion surplus)
| Corporate News |
JAPAN FEBRUARY CURRENT ACCOUNT, TRADE SURPLUS JUMP
| Japan's current account surplus rose to
7.38 billion dlrs in February from 3.89 billion a year ago and
from 4.95 billion in January, the Finance Ministry said.
The trade surplus rose to 8.14 billion dlrs in February
from 4.77 billion a year earlier and 5.70 billion in January.
The long-term capital ... | Financial Reports |
PHILIPPINES TO LOBBY U.S. FOR HIGHER SUGAR QUOTA
| The Philippines will ask the U.S.
Agriculture Department (USDA) to increase its 1987 sugar import
quota following market reports that Taiwan will not be able to
fulfil its quota, Sugar Regulation Administration (SRA)
chairman Arsenim Yulo said.
Yulo told Reuters the SRA would also protest a USDA move to... | Other |
26-FEB-1987
| 26-FEB-1987
| Financial Reports |
ZIMBABWE COFFEE OUTPUT SET TO RISE
| Zimbabwean coffee output will reach
13,000 tonnes this year, up on just over 11,000 tonnes produced
in 1986, the Commercial Coffee Growers Association said.
Administrative Executive Robin Taylor told the domestic
news agency ZIANA that Zimbabwe earned the equivalent of 33 mln
U.S. Dlrs from coffee expor... | Other |
INDIA'S 1986/87 CASTOR OIL EXPORTS FALL - TRADERS
| India's castor oil exports are
provisionally estimated at 30,000 tonnes in fiscal 1986/87,
ending March 31, against 54,000 tonnes in 1985/86 due to a
shortfall in the domestic castorseed crop, private traders
said.
Drought in parts of the country is expected to reduce the
castorseed crop to a provisio... | Other |
UNITED STATES LINES LAYS OFF FAR EAST STAFF
| <United States Lines Inc> has laid
off 260 employees, almost its entire Far East staff, its Hong
Kong office general manager Elliott Burnside told Reuters.
He also said calls by two of its container ships to Busan,
South Korea and Kaohsiung, Taiwan, had been cancelled.
He declined comment on loca... | Market and Economy |
USDA REJECTS SRI LANKA'S 80 U.S. DLR WHEAT PRICE
| Sri Lankan Food Department officials
said the U.S. Department of Agriculture rejected a U.S. Firm's
offer of 80 U.S. Dlrs per tonne CAF to supply 52,500 tonnes of
soft wheat to Colombo from the Pacific Northwest.
They said Sri Lanka's Food Department subsequently made a
counter-offer to five U.S. Firms ... | Corporate News |
PHILIPPINE SUGAR CROP SET AT 1.6 MLN TONNES
| Philippine sugar production in the
1987/88 crop year ending August has been set at 1.6 mln tonnes,
up from a provisional 1.3 mln tonnes this year, Sugar
Regulatory Administration (SRA) chairman Arsenio Yulo said.
Yulo told Reuters a survey during the current milling
season, which ends next month, showed... | Other |
JAPAN SETS ASIDE YEN FUNDS TO PREVENT DLR FALL
| The 50-day provisional 1987/88 budget,
adopted today by the government, allows the Finance Ministry to
issue up to 14,600 billion yen worth of foreign exchange fund
financing bills, government sources said.
Foreign exchange dealers said the yen funds would be used
to buy dollars, to prevent a further do... | Corporate News |
MITSUBISHI BUYS INTO DANISH DAIRY PRODUCT FIRM
| Mitsubishi Corp <MITT.TOK> said it has
taken a 25 pct stake worth five mln krone in <Danish Dairy
Farms Ltd> and will jointly market its produce from April.
The company was set up last year by three major Danish
livestock cooperative federations to expand markets for their
dairy products, a Mitsub... | Corporate News |
JAPAN ACTS TO COOL U.S. ANGER ON TELECOMS DISPUTE
| Japan has sought to assure the U.S. It is
not trying to keep foreign equity in a new Japanese
international telecommunications company below the legal limit
of 33 pct, a Post and Telecommunications ministry official
said.
In a letter sent yesterday, Postal Minister Shunjiro
Karasawa told U.S. Commerce... | Market and Economy |
ASSOCIATED NEWSPAPERS HAS 10 PCT OF NORTHERN STAR
| <Northern Star Holdings Ltd> said
Britain's <Associated Newspapers Holdings Plc> will hold 9.99
pct of its enlarged issued capital after applying to acquire
15.9 mln shares in its recently announced placement.
Associated was one of the major investors participating in
the previously reported place... | Corporate News |
BELGIAN DECEMBER INDUSTRIAL OUTPUT FALLS
| Industrial production, excluding
construction and adjusted for the number of working days, fell
1.5 pct in December from year earlier levels, the National
Statistics Office said.
It was also a sharp 16.8 pct below the November level, it
said.
The office said the production index, base 1980, stood ... | Market and Economy |
TWO JAPANESE STEELMAKERS' CAPITAL SPENDING FALLS
| Kawasaki Steel Corp <KAWS.T> said its
parent company's capital spending in the year from April 1 will
fall to 75 billion yen from 110 billion in the current year,
and Sumitomo Metal Industries Ltd <SMIT.T> said its capital
spending will drop to 70 billion yen from 85 billion.
Both companies said t... | Commodities and Trade |
AVANA DEFENCE DOCUMENT FORECASTS PROFITS RISE
| <Avana Group Plc>, defending itself
against a bid from Ranks Hovis McDougall Plc <RHML.L>, RHM,
forecast a 3.4 mln stg rise in profits in the 1986/87 year.
It said pretax profit should rise to 23.0 mln stg in the
year to April 2, 1987 from 19.6 mln previously, and reach 27.5
mln in 1987/88. It exp... | Financial Reports |
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