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GALILEO ELECTRO-OPTICS CORP <GAEO> 2ND QTR
| Galileo Electro-Optics Corp
said estimated earnings for the second quarter ended March 31,
1987, will be over current analysts estimates of 40 cts to 45
cts per share.
However, the company said it has not closed its books for
the quarter and release earnings April 20.
| Financial Reports |
TREASURY BALANCES AT FED ROSE ON FEB 27
| Treasury balances at the Federal
Reserve rose on Feb 27 to 3.482 billion dlrs from 1.538 billion
dlrs the previous business day, the Treasury said in its latest
budget statement.
Balances in tax and loan note accounts fell to 21.334
billion dlrs from 25.164 billion dlrs on the same respective
days.
... | Other |
U.S. SCIENTISTS SAY TROPICAL OILS HEALTH RISK
| U.S. scientists said some tropical
vegetable oils can be hazardous to consumers whose health is at
risk because of high levels of saturated fat, lending weight to
a campaign by the American Soybean Association (ASA) for
labelling changes.
The scientists appeared to support an ASA charge, denied by
Mal... | Financial Reports |
SNYDER <SOI> MAKES CENERGY <CRG> EXCHANGE OFFER
| Snyder Oil Partners L.P. told the
Securities and Exchange Commission it made an exchange offer to
Cenergy Corp that would allow Snyder to acquire up to 49.9 pct
of the company's common stock.
Under the exchange offer, which was proposed yesterday to
Cenergy's officers and directors, each share of Cenerg... | Financial Reports |
HARLEYSVILLE GROUP <HGIC> SEEKS TO ACQUIRE FIRM
| Harleysville Group Inc said it
was in talks to acquire Atlantic Mutual Fire Insurance Co, a
property and casualty insurer licensed in five southern states.
The company said it believes an acquisition could be
completed by June 30, subject to approval by regulatory and
Atlantic Mutual policyholders.
... | Commodities and Trade |
KROGER <KR> TO BUY EIGHT FOOD STORES
| Kroger Co said it agreed to buy nine
retail food stores from the Dallas division of <Safeway Stores
Inc>, which announced it was closing the 141-store division as
part of a restructuring.
Terms were not disclosed.
Kroger expects to take over operation of the stores, one of
which is under const... | Commodities and Trade |
<DOUGLAS COMPUTER INTERNATIONAL> YEAR NET
| Shr seven cts vs one ct
Net 178,919 vs 34,429
Sales 3,148,420 vs 1,912,438
| Commodities and Trade |
MEDICAL STERILIZATION INC <MSTI> YEAR LOSS
| Shr loss 65 cts vs loss 1.31 dlrs
Net loss 1,366,340 vs loss 2,148,656
Revs 2,664,852 vs 799,864
| Market and Economy |
CCC ACCEPTS EXPORT BONUS FOR WHEAT TO SRI LANKA
| The U.S. Agriculture Department said
it has accepted a bid for an export bonus to cover the sale of
50,000 tonnes of hard red winter wheat to Sri Lanka.
A bonus of 37.44 dlrs per tonne was awarded to Continental
Grain Co on the shipment scheduled for April 8-16, Melvin Sims,
USDA general sales manager s... | Corporate News |
RVIAL TO UNION CARBIDE EMERGES IN FRENCH BID
| <Carburos Metalicos> of Spain has bid
2,205 francs a share for French chemicals group <Duffour et
Igon>, rivalling the 2,100 franc bid announced yesterday by
Union Carbide France, the French subsidiary of the U.S.
Chemical giant Union Carbide Corp <UK.N>, the stockbrokers'
assocation (CSAC) said he... | Financial Reports |
BRAZIL TO BUY 30,000 BPD OF KUWAITI OIL
| Brazil will import 30,000 barrels
per day of crude oil from Kuwait, a spokesman for the state oil
company Petrobras said.
He said that, unlike Saudi Arabia, Kuwait did not impose
any conditions on Brazil.
Last month, Petrobras cancelled a 40-mln dlr oil purchase
from Saudi Arabia after the Saudis ... | Other |
U.S. DURUM WHEAT BONUS BID TO ALGERIA ACCEPTED
| The U.S. Agriculture Department said
it has accepted a bid for an export bonus to cover the sale of
18,000 tonnes of U.S. durum wheat to Algeria.
A bonus of 43.25 dlrs per tonne was awarded to Cam USA Inc
on the shipment scheduled for June 20-30, Melvin Sims, USDA
general sales manager, said.
An a... | Market and Economy |
USDA OFFERS EEP BARLEY MALT TO COLOMBIA
| The U.S. Agriculture Department
announced Colombia has been made eligible for sales of up to
15,000 tonnes of barley malt under the department's export
enhancement program, EEP.
As with the previous 64 EEP initiatives, sales of U.S.
barley malt would be made to buyers in Colombia at competitive
world ... | Corporate News |
TEXAS PETROLEUM ACQUIRES OIL AND GAS PROPERTIES
| Texas Petroleum Corp said it issued 14.4
mln shares of restricted common stock in exchange for oil and
gas properties and joint ventures located in the U.S. and
overseas.
The properties were acquired from <North American Oil and
Gas Corp> and Texas Petroleum Corp in Canada, the company said.
It add... | Financial Reports |
METROMEDIA BUYS WARRANT FOR SHARES OF ORION
| <Metromedia Co> said it
purchased from Time Inc's <TL> Home Box Office Inc a warrant to
purchase 800,000 shares of common stock of Orion Pictures Corp
<OPC>.
The price for the warrant was 10 mln dlrs, Metromedia said.
It added that it now owns 16.4 pct of the outstanding common
stock of Orion... | Other |
BANK OF MONTREAL LOWERS CREDIT CARD RATE
| Bank of Montreal said it will reduce the
interest rate it charges on outstanding MasterCard balances to
18.3 pct from 21 pct, beginning in July.
The bank said it will continue its policy of not charging
any annual fee or transaction fees to credit card holders.
| Corporate News |
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
| Corporate News |
ENEX RESOURCES CORP <ENEX> 4TH QTR LOSS
| Shr not given
Net loss 330,613 vs profit
Revs 2,170,628 vs 614,511
Year
Shr loss one ct vs profit nine cts
Net loss 212,289 vs profit 829,747
Revs 5,397,167 vs 3,785,688
| Financial Reports |
OSHAP TECHNOLOGIES LTD <OSHUF> YEAR LOSS
| Shr loss 12 cts vs loss three cts
Net loss 646,000 vs loss 96,000
Revs 9,414,000 vs 9,899,000
Avg shrs 5,382,833 vs 3,722,833
NOTE: Converted using Dec 31 exchange rate of 40.05 Belgian
francs to the U.S. dlr.
| Corporate News |
<DOUGLAS COMPUTER INTERNATIONAL> YEAR END 1986
| Shr seven cts vs one ct
Net 178,919 vs 34,429
Revs 3,148,420 vs 1,912,438
| Financial Reports |
CANADA OIL INDUSTRY SET FOR RECOVERY - ANALYSTS
| Firmer crude oil prices, government aid
packages and corporate spending cuts will help Canada's oil
industry recover from last year sharp downturn, industry
analysts said.
They said there will be significant earnings gains in 1987
compared to last year's dismal results when oil prices dropped
about 50... | Financial Reports |
U.S. GOLD PRODUCTION ROSE IN DECEMBER
| U.S. mine production of gold rose to
244,900 troy ounces in December from 244,749 ounces in
November, the U.S. Interior Department's Bureau of Mines said.
U.S. imports of gold in December were 692,700 ounces, vs
2,011,754 ounces in November and 611,811 ounces in December,
1985.
Gold exports totale... | Other |
JACK WINTER INC <JWI> 4TH QTR JAN 3 LOSS
| Shr loss 67 cts vs loss seven cts
Net loss 2,410,000 vs loss 245,000
Revs 11.0 mln vs 10.9 mln
12 mths
Shr loss 21 cts vs profit 43 cts
Net loss 748,000 vs profit 1,571,000
Revs 46.9 mln vs 40.5 mln
| Other |
U.S. SILVER PRODUCTION ROSE IN DECEMBER
| U.S. mine production of silver rose
to 2,295,230 troy ounces in December from 2,181,082 in
November, the Interior Department's Bureau of Mines said.
U.S. imports of silver in December were 8,458,000 ounces,
vs 19,950,000 in November, and 8,840,000 in December, 1985.
Silver exports totaled 1,549,000 ... | Financial Reports |
COFFEE MAY FALL MORE BEFORE NEW QUOTA TALKS
| Coffee prices may have to fall even lower
to bring exporting and importing countries once more round the
negotiating table to discuss export quotas, ICO delegates and
traders said.
The failure last night of International Coffee
Organization, ICO, producing and consuming countries to agree
export quota... | Financial Reports |
GRAIN SHIPS LOADING AT PORTLAND
| There were five grain ships loading and
three ships were waiting to load at Portland, according to the
Portland Merchants Exchange.
| Financial Reports |
PLANTERS CORP <PNBT> 1ST QTR NET
| Shr 32 cts vs 28 cts
Net 2,194,000 vs 1,929,000
| Corporate News |
LOWER U.S. RICE STOCKS, STRONG EXPORTS - USDA
| Rising demand for U.S. rice may
gradually reduce surpluses while a marketing loan should help
increase the U.S. share of the world rice market despite
sluggish trade this year, the U.S. Agriculture Department said.
In its quarterly rice outlook and situation summary, the
department said U.S. rice use ma... | Market and Economy |
HUTTON <EFH> STILL INTERESTED IN PUROLATOR <PCC>
| E.F. Hutton LBO Inc is still interested
in an acquisition of Purolator Courier Corp, and is examining
the possibility of raising its 35 dlr per share offer, an E.F.
Hutton spokesman said.
Hutton's offer was topped by a 40 dlr per share offer from
Emery Air Freight Corp <EAF> earlier this week.
... | Corporate News |
<DREYFUS A BONDS PLUS INC> MONTHLY PAYOUT
| Mtly div 10.4 cts vs 10.8 cts prior
Paid April 1
Record March 31
| Commodities and Trade |
TURKEY ELIGIBLE FOR U.S. BONUS RICE
| The U.S. Agriculture Department said
Turkey has been made eligible for the sale of up to 70,000
tonnes of medium grain milled rice under the department's
export enhancement program, EEP.
As with the 65 previous EEP initiatives, the export sales
would be subsidized with commodities from the inventory of ... | Financial Reports |
SEAMAN FURNITURE <SEAM> IN STOCK SPLIT
| 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 ... | Commodities and Trade |
INTERNATIONAL LPG PRICES MIXED
| International LPG prices were mixed in
the past week, with North Sea prices easier while prices in the
Mediterranean and the Gulf were up in April, traders said.
In the North Sea market, small cargoes of propane were sold
as high as 126 dlrs per tonne on the f.o.b. basis early in the
week, but prices ea... | Commodities and Trade |
SCOTT INSTRUMENTS CORP <SCTI> YEAR LOSS
| Shr loss 15 cts vs loss 27 cts
Net loss 1,905,774 vs loss 2,160,717
Revs 868,117 vs 307,135
| Financial Reports |
SCOTT INSTRUMENTS <SCTI> GETS QUALIFIED AUDIT
| Scott Instruments Corp said its
independent public accountants qualified the report on Scott's
1986 financial statements because of its weak financial
condition.
The report indicates the realization of the company's
assets is dependent on it obtaining enough working capital to
finance operations and a... | Corporate News |
<THORATEC LABORATORIES CORP> YEAR LOSS
| Shr loss 1.64 dlrs vs loss 2.08 dlrs
Net loss 9,761,000 vs loss 10,977,000
Revs 4,409,000 vs 2,697,000
| Financial Reports |
BAYOU INTERNATIONAL GETS STAKE IN AMALGAMATED
| Bayou International Ltd said it
acquired 19.9 pct of <Amalgamated Equities Ltd> of Australia
for 710,000 dlrs.
Bayou is 55.2 pct owned by <Australia Wide Industries Ltd>.
| Corporate News |
<SCOTT'S HOSPITALITY INC> 3RD QTR JAN 31 NET
| 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 ref... | Commodities and Trade |
NETWORK <NETW> TO TAKE 3RD QTR CHARGE
| Network Control Corp said it
intends to take a 250,000 dlr charge against earnings for the
third quarter ended March 31 and said sales for the quarter
would be about 400,000 dlrs, about 50 pct below sales in the
same year-ago quarter.
Network said it is taking the charge due to the significant
increas... | Industrial and Sector News |
PETROBRAS SEES RAISING EXPORT OF FUEL IN 1987
| Brazil's state oil company
Petrobras is pledging to export 4.6 mln cubic meters of fuel,
or 28.9 mln barrels in 1987, a company spokesman said.
He said that represents a total sale worth 600 mln dlrs.
The volume is 27 pct higher over 1986 sales, which totalled 3.6
mln cubic meters, or 22.6 mln barrels.
... | Corporate News |
U.S. BUSINESS LOANS FELL 822 MLN DLRS IN MARCH 25 WEEK, FED SAYS
|
U.S. BUSINESS LOANS FELL 822 MLN DLRS IN MARCH 25 WEEK, FED SAYS
| Commodities and Trade |
BAKER REPEATS HE HOPES PRIME HIKE TEMPORARY
| Treasury Secretary James Baker
reiterated his hope that this week's rise in prime rates would
be a temporary blip upwards.
"I would hope that it would simply be a temporary blip
upward as we've seen in the past," Baker said in television
interview with the Cable News Network. The interview airs
tomorr... | Financial Reports |
3-APR-1987 16:24:53.34
| 3-APR-1987 16:24:53.34
| Commodities and Trade |
U.S. MEAT PROCESSORS ASK FOR LABELLING CHANGE
| Four U.S. meat processors have asked
the federal government to relax a labelling requirement which
they said discourages the use of mechanically separated meat,
the U.S. Agriculture Department said.
The petition, filed by Bob Evans Farms, Odom Sausage Co,
Sara Lee Corp and Owens Country Sausage, asks US... | Financial Reports |
TELXON CORP <TLXN> SEES HIGHER REVENUES
| 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 e... | Financial Reports |
IROQUOIS BRANDS <IBL> REBUFFS LYON FOODS CLAIMS
| Iroquois Brands Ltd said it has
been sued by Lyon Food Cos Inc which is seeking 2.3 mln dlrs in
damages in connection with the April 1986 nine mln dlrs
purchase of Iroquois' former specialty food products segment.
Iroquois said that based upon the defenses it will assert,
it does not believe that any ch... | Financial Reports |
FEBRUARY FOMC VOTES UNCHANGED MONETARY POLICY
| The Federal Open Market Committee at
its February 10-11 meeting voted nine to one to maintain the
then-existing degree of reserve restraint, minutes showed.
The FOMC issued an asymmetric inter-meeting policy
directive which gave greater possibility to firmer rather than
easier policy. The Committee set ... | Financial Reports |
3-APR-1987 16:36:25.80
| 3-APR-1987 16:36:25.80
| Corporate News |
U.S. BUSINESS LOANS FELL 822 MLN DLRS
| Business loans on the books of major
U.S. banks, excluding acceptances, fell 822 mln dlrs to 277.94
billion dlrs in the week ended March 25, the Federal Reserve
Board said.
The Fed said that business loans including acceptances fell
971 mln dlrs to 280.22 billion dlrs.
| Financial Reports |
ROYAL RESOURCES <RRCO> SETS VOTE ON SALE
| 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 a... | Corporate News |
ARGENTINE GRAIN SHIPMENTS IN THE WEEK TO APRIL 1
| The Argentine Grain Board issued
the following figures covering shipments of major export grains
in the week to April 1, in tonnes, with comparisons for the
previous week and the same week in 1986.
Bread wheat 235,800 205,700 115,500
Maize 158,400 189,000 272,700
... | Corporate News |
TEXAS AMERICAN <TXA> BANKS TO BE MERGED
| Texas American Bancshares Inc
said three of its Texas American banks will be merged into
Texas American Bank/Galleria.
The corporation said the Spring Branch, Fonderen and
Gulfway Texas American banks will become separate banking
offices of TAB/Galleria.
| Commodities and Trade |
BIW CABLE SYSTEMS INC <BIWC> 4TH QTR LOSS
| Shr loss 1.50 dlrs vs loss 14 cts
Net loss 3,395,933 vs loss 318,225
Revs 8,963,097 vs 12.6 mln
Year
Shr loss 2.93 dlrs vs profit two cts
Net loss 6,613,327 vs profit 49,421
Revs 44.4 mln vs 48.7 mln
NOTE: Current periods include 2.2 mln dlr charge for
possible obsolete inv... | Corporate News |
DOE ISSUES OFFER TO BUY ALASKA POWER UNIT
| The U.S. Energy Department issued a
request for proposals to buy the Snettisham Hydroelectric
project, a major part of the Alaska Power Administration.
It said invitations were sent to two Alaskan electric
utilities, the city and borough of Anchorage and the state of
Alaska. It did not cite a possible ... | Commodities and Trade |
AMERICAN VANGUARD CORP <AMGD> YEAR NET
| 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.
| Market and Economy |
IBC COULD CLOSE MAY EXPORT REGISTRATIONS TONIGHT
| The Brazilian Coffee Institute
(IBC) could close May export registrations tonight following
extremely heavy sales today, exporters said.
They estimated registrations today at between 1.0 mln and
1.2 mln 60 kilo bags. Yesterday 645,000 bags were registered.
The exporters said over 1.0 mln bags of tot... | Commodities and Trade |
PERU CONSUMER PRICES RISE 5.3 PCT IN MARCH
| peru's consuemr price index rose 5.3 pct
last month to 13,914.4 (base 100) following a 5.3 pct increase
in february and 5.3 pct rise in march 1986, the national
statistics institute said.
It said that the accumulated inflation for the first three
months of 1987 was 18.5 pct compared to 15.4 pct for the ... | Other |
ARGENTINE GRAIN/OILSEED EXPORT PRICES ADJUSTED
| The Argentine Grain Board adjusted
minimum export prices of grain and oilseed products in dlrs per
tonne FOB, previous in brackets, as follows:
Maize 71 (72), grain sorghum 65 (66).
Roasted groundnutseed, according to grain size, 510 (520),
400 (410), 375 (385), 355 (365).
... | Corporate News |
WAREHOUSE CLUB <WCLB> TO TAKE CHARGE
| Warehouse Club Inc said it expects to
take a one-time charge of about five mln dlrs on its June 30
third quarter results from closing of two unprofitable Chicago
area units.
The company said it will continue to operate 12 warehouses
in Illinois, Indiana, Michigan, Ohio and Pennsylvania.
It added t... | Financial Reports |
SCI <SCIS> BUYS FORTUNE <FSYS> COMPUTER ASSETS
| Fortune Systems Corp and SCI
Systems Inc said they signed a letter of intent covering the
purchase of Fortune's microcomputer business assets for an
unspecified amount of cash.
Fortune Systems makes a desktop computer systems.
| Financial Reports |
EXPORT BUSINESS - GRAINS/OILSEEDS COMPLEX
| Grain and oilseed complex export
business reported since yesterday by government agencies and
private exporters -
Japanese crushers bought 4,000 to 5,000 tonnes of Canadian
rapeseed in export business overnight for May shipment...Greece
has agreed to buy 27,000 to 33,000 tonnes of Spanish corn for
spo... | Corporate News |
CULLEN/FROST <CFBI> TO OMIT DIVIDEND
| Cullen/Frost Bankers Inc said
it will defer paying a cash dividend for the next 12 months,
due to the economic slump in the Texas economy. It previously
paid a five cents a share dividend in recent quarters.
It also said its first quarter earnings ended March 31,
which it said it will release later this... | Financial Reports |
INVESTOR GROUP CUTS ROSPATCH <RPCH> STAKE
| A group of New York investors said it
lowered its stake in Rospatch Corp to 170,250 shares, or 7.0
pct of the total outstanding common stock, from 202,108 shares,
or 8.3 pct.
In a filing with the Securities and Exchange Commission,
the group said it sold a net 31,858 shares of Rospatch common
stock be... | Financial Reports |
COLOMBIA'S MAIN OIL PIPELINE ATTACKED
| State-run oil company Ecopetrol said
Colombia's main oil pipeline was bombed again and pumping of
170,000 barrels per day was suspended.
A spokeswoman for the company said that the early morning
dynamite attack was the 31st in the last nine months on the
Cano Limon-Covenas pipeline, which links Colombia... | Financial Reports |
U.S. DEFENDS STOCKPILED TIN SALES IN 1986
| The United States defended its sales
of stockpiled tin in 1986 in reaction to criticism from
Malaysian miners who have said it violated an agreement with
southeast Asian producers.
"The United States has continued to abide by the spirit of
the memorandum of understanding and has consulted with the
ASE... | Financial Reports |
LOCTITE <LOC> SEES BETTER THAN EXPECTED NET
| Loctite Corp said it expects
third quarter earnings to be higher than security analysts'
forecasts of 75 to 80 cts a share.
Last year the company earned 53 cts per share in the third
quarter.
It attributed its better than expected forecast to sales
growth, which it said were particularly strong ov... | Financial Reports |
TIME <TL> SEES DILUTION FROM SCOTT, FORESMAN
| Time Inc said the acquisition of Scott,
Foresman and Co last year will dilute earnings per share by
about 17 cts a share for the full year in 1987.
For the first quarter the acquisition will have a negative
impact of about 20 cts per share, chief financial officer
Thayer Bigelow told security analysts.
... | Corporate News |
CYACQ TERMINATES TENDER FOR CYLCOPS <CLY>
| CYACQ Corp said it terminated its
February six tender offer for Cyclops Corp.
CYACQ was unsuccessfully bid against Dixons Group Plc for
control of Cyclops. As of March 27, Dixons Group Plc had
acquired more than 80 pct the stock under an increased tender
offer.
| Commodities and Trade |
INVESTOR LIFTS MYERS <MYR> STAKE TO 12.1 PCT
| Leonard Chavin, a Chicago real estate
developer who has said he is considering seeking control of
L.E. Myers Co Group, said he raised his stake in the company to
273,100 shares, or 12.1 pct, from 219,600, or 9.7 pct.
In a filing with the Securities and Exchange Commission,
Chavin said he bought 53,500 M... | Other |
IBC REGISTERS 1.4 MLN BAGS OF EXPORT SALES
| The Brazilian Coffee Institute
today registered 1.4 mln 60 kilo bags of green coffee for May
shipment, an IBC statement said.
This brings the total in the two days registrations have
been open to 2.05 mln, including 4,868 bags of soluble.
Today's registrations comprised 1,076,226 bags to members
a... | Commodities and Trade |
U.S. COMPANY EARNINGS HIGHLIGHTS
| First Quarter
Anchor Financial Corp shr 31 cts vs 31
Nine Months
Biomet Inc shr 49 cts vs 36
Federal Co shr 3.55 dlrs vs 1.66
Richardson Electronics shr 59 cts vs 53
Year
Eac Industries Inc oper shr loss 65 cts vs
loss 97 cts
Fine Art Acquisitions shr 15 cts vs 10
Mangood Corp oper shr l... | Corporate News |
FREEDOM SAVINGS AND LOAN ASS'N <FRDM> YEAR END
| Shr loss 31.09 dlrs vs loss 1.86 dlrs
Net loss 112.7 mln vs loss 5.5 mln
NOTE: 1986 loss includes operating loss of 109.4 mln dlrs
or 30.21 dlrs a share, including an additional loan loss
provision of 68 mln dlrs, write downs in the value of real
estate of 13 mln dlrs and an extraordinary loss of 3.... | Other |
INVESTOR MULLS KAPPA<KPA>-RADIATION<RADS> MERGER
| Michael Krupp, a Golden, Colo.,
businessman and major shareholder of Kappa Networks Inc, said
he and Kappa's management are considering seeking a merger
between Kappa and Radiation Systems Inc.
In a filing with the Securities and Exchange Commission,
Krupp said companies he controls and Kappa acquired a... | Other |
OLIN <OLN> UNIT ACQUIRES IMAGE TECHNOLOGY
| Olin Corp's Olin Hunt
Specialty Products Inc said it acquired Image Technology Corp
for undisclosed terms.
Image Technology makes chemicals for the semiconductor
industry.
| Commodities and Trade |
KEY CENTURION <KEYC> TO BUY BANK OF BUCKHANNON
| Key Centurion Bancshares Inc
said it reached an agreement in principle to acquire Central
National Bank of Buckhannon, in W. Virginia.
Terms call for an exchange of 2.75 shares of Centurion
shares for each share of Central National. The transaction is
valued at 16.2 mln dlrs.
| Financial Reports |
STURM, RUGER SUBMITS BID FOR SMITH AND WESSON
| Sturm, Ruger and Co Inc said it
submitted a bid in excess of 60 mln dlrs for Smith and Wesson,
a manufacturer of law enforcement firearms, and a unit of Lear
Siegler.
Smith and wesson is among a number of companies being sold
by Forstman and Little after its recent acquisition of Lear
Siegler.
| Financial Reports |
FREEDOM SAVINGS <FRDM> MAY SEEK SALE OR MERGER
| Freedom Savings and Loan Association
said it may seek a possible sale or merger of the association
as it reported a net loss of 112.7 mln dlrs or 31.09 dlrs a
share for 1986.
The loss included a number of charges, including additions
to its loan loss provision of 68 mln dlrs and write-downs on
the val... | Other |
26-FEB-1987
| 26-FEB-1987
| Corporate News |
HARPER INTERNATIONAL INC <HNT> 3RD QTR 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
| Financial Reports |
BRAZIL MAKES SECOND AMAZON OIL DISCOVERY
| The Brazilian state oil company
Petrobras has made a second oil discovery in the Amazon region,
President Jose Sarney said.
He said the well had an initial flow of 150,000 cubic
meters of gas and 220 barrels of oil per day. It is situated 14
kilometres from the first well to be discovered in the region
... | Financial Reports |
IBC CLOSES EXPORT REGISTRATIONS - EXPORTERS
| The Brazilian Coffee Institute
(IBC) tonight closed export registrations, exporters said.
They said they heard of the closure from IBC officials but
no officials could be reached immediately for confirmation.
Earlier an IBC statement said registrations for May, the
only month which was open, today t... | Commodities and Trade |
TELEBYTE TECHNOLOGY INC <TBTI> YEAR
| Shr loss 10 cts vs loss 13 cts
Net loss 197,779 vs loss 245,190
Revs 4.0 mln vs 3.1 mln
| Financial Reports |
HOUSTON OIL ROYALTY TRUST <RTH> DISTRIBUTION
| MONTHLY dist 2.1 cts vs 2.1 cts prior
Payable April 25
Record April 15
| Financial Reports |
PUBLISHERS EQUIPMENT <PECN>, TRENTONIAN IN DEAL
| Publishers Equipment Corp said it reached
an agreement to incorporate flexo printing technology into The
Tentonian, an Ingersoll newspaper in Trenton, N.J.
It said that mid-1988 will be the target date for start-up
for the new equipment which will double the size of its present
press.
| Financial Reports |
GABELLI GROUP CUTS GENCORP <GY> STAKE TO 6.3 PCT
| A group led by New York investor
Mario Gabelli told the Securities and Exchange Commission it
cut its stake in Gencorp Inc to 1,410,184 shares, or 6.3 pct of
the total, from 1,626,233 shares, or 7.3 pct.
The Gabelli group said it sold 216,049 Gencorp common
shares between March 20 and 30 at prices rangi... | Financial Reports |
GABELLI EXPLAINS SALE OF GENCORP <GY> SHARES
| Mario Gabelli, head of New York
investment firm Mario Gabelli and Co, said he sold some shares
of GenCorp Inc <GY> as part of a "portfolio rebalancing"
process to meet the needs of his more than 600 clients.
He said as the stock moved up following acquisition
proposals from a group formed by AFG Indu... | Corporate News |
INVESTOR BOOSTS FIRST WESTERN <FWES> STAKE
| Poul Erik Moller, a Santa Monica,
Calif., investor said he raised his stake in First Western
Financial Corp to 412,000 shares, or 6.5 pct of the total
outstanding common stock, from 347,000 shares, or 5.5 pct.
In a filing with the Securities and Exchange Commission
Moller said he bought 65,000 First Wes... | Financial Reports |
INVESTOR BOOSTS FIRST WESTERN <FWES> STAKE
| Poul Erik Moller, a Santa Monica,
Calif., investor said he raised his stake in First Western
Financial Corp to 412,000 shares, or 6.5 pct of the total
outstanding common stock, from 347,000 shares, or 5.5 pct.
In a filing with the Securities and Exchange Commission
Moller said he bought 65,000 First Wes... | Financial Reports |
<COMTERM INC> YEAR JAN 31 LOSS
| Oper shr loss 30 cts vs profit eight cts
Oper net loss 5,887,996 vs profit 1,620,312
Revs 32.4 mln vs 48.5 mln
Note: 1987 net excludes extraordinary gain of 2.7 mln dlrs
or 14 cts shr from settlement of provision for discontinued
operations vs yr-ago tax gain of 562,248 dlrs or three cts shr.
... | Financial Reports |
WITCO CORP <WIT> SETS REGULAR QTLY PAYOUT
| Qtly div 28 cts vs 28 cts prior
Pay April one
Record March 13
| Commodities and Trade |
SABINE ROYALTY TRUST <SBR> SETS MONTHLY PAYOUT
| Cash distribution 13.3 cts vs 8.4 cts prior
Pay April 29
Record April 15
| Other |
PROVIDENCE ENERGY CORP <PVY> REGULAR DIVIDEND
| Qtly div 45 cts vs 45 cts prior
Pay May 15
Record April 24
| Financial Reports |
GULF STATES (GSU) SEES END TO CASH BY MAY
| Gulf States Utilities Co said
its condition has "significantly deteriorated" and that its
operating cash reserves will be inadequate by May 1987 unless
it receives additional financing or rate relief from state
public utilities commissions in Texas and Louisiana.
In the company's newly-released annual r... | Corporate News |
HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME ONE-HALF POINT TO 6.5 PCT.
|
HK SHANGHAI BANK, STANDARD CHARTERED BANK RAISE PRIME ONE-HALF POINT TO 6.5 PCT.
| Commodities and Trade |
HONG KONG BANKS RAISE PRIME ONE-HALF POINT TO 6.5 PCT
| Hongkong and Shanghai Banking Corp and
Standard Chartered Bank raised their prime rate one-half point
to 6.5 pct, effective Tuesday, the Association of Banks said.
The association said in a statement deposit rates have also
been increased by 1/4 to 1/2 percentage point.
The banks last announced an a... | Financial Reports |
SOUTH KOREAN WHOLESALE PRICES UP 0.2 PCT IN MARCH
| South Korea's wholesale price index, base
1980, rose 0.2 pct to 125.1 in March after a 0.2 pct rise in
February but was 0.6 pct lower than its March 1986 level, the
Bank of Korea said.
The March consumer price index, same base, rose 0.5 pct to
146.0 after a 0.1 pct gain in February, for a year-on-year r... | Financial Reports |
INSTITUTE SEES W.GERMAN OUTPUT FALL IN 1987
| Production in the manufactured goods
industry has been falling since mid-1986 and will decline by
between one and two pct this year after a 2.5 pct increase in
1986, the Ifo economic institute said.
An Ifo report said recessionary influences were affecting
the engineering industry particularly. It saw a... | Financial Reports |
PANCANADIAN TO SELL NORTH SEA PROPERTIES, UNIT TO WHITEHALL FOR CASH
|
PANCANADIAN TO SELL NORTH SEA PROPERTIES, UNIT TO WHITEHALL FOR CASH
| Corporate News |
IBC CLOSES EXPORT REGISTRATIONS - IBC OFFICIAL
| The Brazilian Coffee Institute
(IBC) confirmed having closed May export registrations,
effective April 6.
On Friday night exporters said they had heard of the
closure from IBC officials, but the officials could not at the
time be reached for confirmation.
| Other |
LAWSON SAYS U.K. ELECTION NOT ONLY EMS BAR
| British Chancellor of the
Exchequer Nigel Lawson said the next U.K. Election was not the
only element standing in the way of full British membership of
the European Monetary System (EMS).
But he added that arguments against joining had weakened.
Prime Minister Margaret Thatcher, widely believed to b... | Market and Economy |
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