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METROPOLITAN FEDERAL <MFTN> TO MAKE ACQUISITION
| 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.
| Market and Economy |
ACME PRECISION <ACL> SETS HOLDER VOTE ON BUYOUT
| Acme Precision Products Inc said it set
its annual meeting for May 14 for shareholders to vote on the
proposed management-led leveraged buyout of the company.
The record date for the meeting will be April 16, with
proxy materials to be sent to shareholders on or before April
20.
The buyout proposa... | Commodities and Trade |
GM'S <GM> PONTIAC HAS INTEREST RATE INCENTIVES
| 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... | Financial Reports |
VOLCKER SAYS FED POLICY NOT LINKED TO RATE RISE
| Federal Reserve Board Chairman Paul
Volcker said that he did not believe there was a connection
between the Fed's policies and the recent rise in the prime
interest rate by most major U.S. banks.
Asked by reporters following testimony before the Senate
Banking Committee whether the Fed had anything to d... | Market and Economy |
<WESTAR MINING LTD> 4TH QTR LOSS
| 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 exclud... | Corporate News |
WEIS MARKETS <WMK> IN THREE FOR TWO STOCK SPLIT
| Weis Markets Inc said its board
declared a three-for-two stock split for holders of record May
1, 1987, with a distribution date of May 22, 1987.
The company also said a regular quarterly dividend of 16
cts per share on the pre-split shares will be paid May 22 to
shareholders of record May 1.
| Corporate News |
MCCORMICK CAPITAL <MKOR> 1986 YEAR NET
| Shr primary 24 cts vs 25 cts
Shr diluted 21 cts vs 25 cts
Net 530,583 vs 493,423
Revs 10.2 mln vs 9,834,578
| Other |
DOW CHEMICAL <DOW> TO SELL SOUTH AFRICAN UNIT
| 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 ... | Other |
U.S. SAYS NO PACT ON RELIEF FOR POOREST STATES
| There is no consensus so far among
industrial countries on an agreement providing debt relief for
the world's poorest nations, a senior U.S. Treasury official
said.
The official said, "There has not been a consensus reached
yet," when asked about reports the Paris club of western
creditors had agreed ... | Corporate News |
U.S. MINT SEEKING OFFERS ON COPPER, NICKEL
| The U.S. Mint said it is seeking
offers on 3,701,000 lbs of electrolytic copper and 629,000 lbs
of electrolytic cut nickel cathodes or briquettes that it
intends to purchase.
It said both metals are for delivery in the week of May 11
to Olin Corp, East Alton, Ill.
Offers for the copper are due by ... | Commodities and Trade |
FAMILY HEALTH SYSTEMS <FHSY> TO MAKE PURCHASE
| Family Health System Inc said
The Federal Bankruptcy Court in Fort Worth, Texas has approved
its offer to purchase <Sheppard Dental Centers Inc's> assets
from a Chapter 7 bankruptcy proceeding for about 300,000 dlrs.
FHS administers and markets multiple office dental
practices in the Dallas metropoli... | Other |
ARMOR ALL PRODUCTS CORP <ARMR> QUARTERLY DIV
| Qtly div ten cts vs ten cts
Pay April 1
Record March 9
| Commodities and Trade |
OLD FASHION FOODS INC <OFFI> 3RD QTR FEB 28 NET
| Shr 10 cts vs 10 cts
Net 131,000 vs 135,000
Revs 4,222,000 vs 3,656,000
Avg shrs 1,278,529 vs 1,356,672
Nine mths
Shr 31 cts vs 31 cts
Net 406,000 vs 426,000
Revs 12.3 mln vs 11.0 mln
Avg shrs 1,330,511 vs 1,361,421
| Corporate News |
CONSOLIDATED-BATHURST SEES BETTER MARKET
| (Consolidated-Bathurst Inc) said it
expects improvement in the pulp and paper sector shown in the
second half of 1986 to continue this year. The continued
improvement would be due to good market demand, better product
prices and high operating capacity, the company said in its
annual report.
Consolida... | Other |
MORE U.S. GRAIN CERTIFICATES NEEDED, STUDY SAYS
| More generic grain certificates
should be released onto the market in order for the U.S.
certificate program to have its full effect on commodities,
according to a study by Sparks Commodities Inc.
The Agriculture Department should make grain deficiency
payments and paid land diversion payments in a two-... | Commodities and Trade |
CUMMINS ENGINE <CUM> SEES IMPROVED EARNINGS
| Cummins Engine Co said it told
shareholders higher engine orders to the North American
heavy-duty truck market will result in improved earnings in the
first quarter.
Cummins said the company should make progress this year and
next toward its goal of five pct profitability.
Cummins recorded net inc... | Market and Economy |
NORTH-WEST TELECOM <NOWT> MAKES ACQUISITION
| North-West Telecommunications Inc
said it acquired the assets and customer base of Com-Tel
Systems Inc, a telephone interconnect firm that operates in La
Crosse and Stevens Point, Wis. and Rochester, Minn.
It said the purchase only includes the businesses in La
Crosse and Rochester.
Terms were not... | Industrial and Sector News |
MILTON ROY CO <MRC> SETS REGULAR DIVIDEND
| Qtly div 11 cts vs 11 cts prior
Pay June 15
Record May 15
| Industrial and Sector News |
OHIO MATTRESS CO <OMT> 1ST QTR FEB 28 NET
| Shr 15 cts vs 15 cts
Net 2,407,000 vs 2,393,000
Revs 117.2 mln vs 67.1 mln
Note: Aggregate judgments in antitrust and other suits of
77 mln dlrs not included in year-ago or 1987 1st qtr results.
Company said any portion of this amount, including related
interest or attorneys' fees, would be pr... | Corporate News |
WILLIAMS COS <WMB> YEAR LOSS
| 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.
| Other |
GEONEX SEES SALES HURT BY PRODUCTION SHIFT
| 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 fro... | Corporate News |
USSR CROP WEATHER SUMMARY -- USDA/NOAA
| Gradual warming continued in most
regions of Western Soviet Union in the week ended April 4, the
Joint Agricultural Weather Facility of the U.S Agriculture and
Commerce Departments said.
In its International Weather and Crop Summary, the agency
said most of the region's precipitation fell as rain.
... | Other |
NWA INC 4TH QTR SHR PROFIT 45 CTS VS LOSS NINE CTS
|
NWA INC 4TH QTR SHR PROFIT 45 CTS VS LOSS NINE CTS
| Commodities and Trade |
U.S. WEATHER/COTTON SUMMARY -- USDA/NOAA
| Cotton planting continued progressing
in the week ended April 5, but cold, wet weather in the South
hampered seedbed preparation, the Joint Agricultural Weather
Facility of the U.S. Agriculture and Commerce Departments said.
In a summary of its Weather and Crops Bulletin, the agency
said planting increa... | Corporate News |
UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 43.147 ECUS.
|
UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 43.147 ECUS.
| Industrial and Sector News |
GRAIN SHIPS WAITING AT NEW ORLEANS
| Nine grain ships were loading and 16
were waiting to load at New Orleans elevators, trade sources
said.
ELEVATOR LOADING WAITING
Continental Grain, Westwego 1 5
Mississippi River, Myrtle Grove 1 0
ADM Growmark 1 2
Bunge Grain, Destrehan ... | Other |
GENERAL PARTNERS IS TERMINATING OFFER FOR GENCORP INC
|
GENERAL PARTNERS IS TERMINATING OFFER FOR GENCORP INC
| Commodities and Trade |
(CRIME CONTROL INC) 4TH QTR NET LOSS
| Shr loss 2.03 dlrs vs loss 85 cts
Net loss 10,742,113 vs loss 3,700,712
Revs 8,027,065 vs 8,689,008
Avg shrs 5.3 mln vs 4.4 mln
Year
Shr loss 2.45 dlrs vs loss 1.73 dlrs
Net loss 11,607,104 vs loss 7,442,825
Revs 32.6 mln vs 33.2 mln
Avg shrs 4.7 mln vs 4.3 mln
NO... | Corporate News |
BURLINGTON NORTHERN INC 1ST QTR SHR PROFIT 93 CTS VS LOSS 3.55 DLRS
|
BURLINGTON NORTHERN INC 1ST QTR SHR PROFIT 93 CTS VS LOSS 3.55 DLRS
| Financial Reports |
IOWA GRAIN ELEVATOR EXPLODES, BURNS
| An explosion and fire today
damaged a grain elevator in Bancroft, Iowa, destroying
thousands of bushels of grain, authorities said.
The pre-dawn explosion ripped the wooden elevator open, and
a fire that followed continued burning at late morning but had
been contained, according to a dispatcher at the ... | Commodities and Trade |
ARTISTIC GREETINGS <ARTG> SEES RECOVERY IN NET
| Artistic Greetings Inc said it
expects a rebound in profits and an increase in sales in 1987
as costs connected with computerization, staffing, traning and
catalog sales start to taper off.
Today it reported 1986 earnings of 294,650 dlrs, down from
371,064 dlrs a year before, on revenues of 8,157,864 dl... | Financial Reports |
PARTNERSHIP BUYS 5.1 PCT ORANGE-CO <OJ> STAKE
| Parsow Partnership Ltd, an Elkhorn,
Neb., investment partnership, said it bought a 5.1 pct stake in
Orange-Co Inc common stock as an investment.
In a filing with the Securities and Exchange Commission,
Parsow said it had bought all its 220,000 Orange-Co shares in
the open market with funds from its work... | Corporate News |
COOPERATIVE ENERGY TESTS OIL AT TWO WELLS
| <Cooperative Energy Development
Corp> said two exploratory oil wells in the Zama area of
Alberta tested 1,020 and 950 barrels a day, and will increase
the company's daily oil production by 30 pct.
The company did not immediately elaborate on total
production figures.
The wells, flowing oil from... | Commodities and Trade |
OPEC MAY HAVE TO MEET TO FIRM PRICES - ANALYSTS
| OPEC may be forced to meet before a
scheduled June session to readdress its production cutting
agreement if the organization wants to halt the current slide
in oil prices, oil industry analysts said.
"The movement to higher oil prices was never to be as easy
as OPEC thought. They may need an emergency m... | Financial Reports |
U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
| A total 60,500 tonnes of current series
white sugar received export rebates of a maximum 43.147
European Currency Units (Ecus) per 100 kilos at today's
European Community (EC) tender, the U.K. Intervention Board
said.
Out of this, traders in the U.K. Received 43,500 tonnes, in
the Netherlands 12,000, ... | Financial Reports |
CUMMINS ENGINE CO INC <CUM> SETS PAYOUT
| Qtly div 55 cts vs 55 cts prior
Pay June 15
Record June 1
| Other |
CENTRAL BANCSHARES <CBSS> 1ST QTR NET
| Shr 52 cts vs 45 cts
Net 10.9 mln vs 9,498,000
Assets 3.60 billion vs 3.25 billion
Deposits 2.45 billion vs 2.23 billion
Loans 2.16 billion vs 1.67 billion
NOTE: full name of company is Central Bancshares of the
South Inc.
| Commodities and Trade |
U.S. CERTIFIED COFFEE STOCKS DOWN IN LATEST WEEK
| The amount of coffee stored in New York
and New Orleans warehouses and certified for delivery against
the New York Coffee "C" futures totalled 585,555 bags as of
April 3, compared with 585,794 bags the previous week, a net
decrease of 239 bags, the New York Coffee, Sugar and Cocoa
Exchange said.
The t... | Other |
TEXTRON <TXT> PLANS SALE OF AVCO DIVISION
| Textron Inc said it plans to
sell its Avco Specialty Materials Division as part of its debt
reduction and restructuring.
The company said it will use proceeds from the sale to
reduce the debt incurred by its acquisition of Ex-Cell-O Corp
last year.
Textron said Morgan Stanley and Co will represent... | Other |
GREEN TREE ACCEPTANCE INC <GNT> 1ST QTR NET
| Shr 50 cts vs 40 cts
Net 9,421,000 vs 9,312,000
Rev 37.7 mln vs 36.3 mln
Avg shrs 17,049,920 vs 21,173,570
NOTE: Per-share results adjusted for two-for-one common
stock split in June 1986
| Financial Reports |
U.S. IMMIGRATION RULES SPARK CONGRESS OBJECTIONS
| New immigration rules relating to
alien farm workers and reportedly being drafted by the U.S.
Agriculture Department are meeting with objections in Congress,
sources on Capitol Hill said.
USDA is drafting regulations, required by a 1986 law, that
would offer amnesty to illegal aliens if they worked in t... | Other |
JAPAN FIRM DEVELOPS ULTRA HEAT-RESISTING RUBBER
| Shin-Etsu Chemical Co Ltd said it had
developed an ultra thermal resistance rubber which can be used
at 250 centigrade continuously without losing its properties.
Shin-Etsu put potential demand for the product at two
tonnes a month mainly for microwave ovens and as a sealant.
But increasing use of t... | Market and Economy |
CUBA CRUDE SUGAR HARVEST FAR BEHIND SCHEDULE
| Cuban president Fidel Castro told a
Congress of the Union of Young Communists here that the
production of crude sugar during the harvest still in progress
is 800,000 tonnes behind schedule.
In a speech Sunday, published in today's official paper
GRANMA, Castro said unseasonable rains since January serio... | Financial Reports |
CASTLE AND COOKE INC <CKE> 4TH QTR LOSS
| Shr loss 76 cts vs loss 21 cts
Net loss 31.9 mln vs loss 3,288,000
Revs 380.2 mln vs 311.5 mln
Avg shrs 47.1 mln vs 41.2 mln
Year
Shr profit 56 cts vs profit 56 cts
Net profit 43,925,000 vs profit 46,433,000
Rev 1.74 billion vs 1.60 billion
Avg shares 43,602,000 vs 41,0... | Financial Reports |
VOICEMAIL INTERNATIONAL INC 4TH QTR LOSS
| Shr loss 21 cts vs loss 14 cts
Net loss 838,069 vs loss 433,875
Revs 1,080,068 vs 1,793,398
Avg shrs 4,004,826 vs 3,172,537
12 mths
Shr loss 39 cts vs 11 cts
Net loss 1,387,500 vs loss 334,463
Revs 6,456,882 vs 5,605,680
Avg shrs 3,542,217 vs 3,071,456
| Corporate News |
AVON SAYS IT TO BUY GIORGIO INC, A FRAGRANCE COMPANY, FOR 185 MLN DLRS
|
AVON SAYS IT TO BUY GIORGIO INC, A FRAGRANCE COMPANY, FOR 185 MLN DLRS
| Financial Reports |
MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS
| Magma Copper Co, a subsidiary of
Newmont Mining Corp, said it is lowering its copper cathode
price by 0.50 cent to 65.50 cents a lb, effective immediately.
| Corporate News |
IRAQ CCC CREDIT GUARANTEES SWITCHED - USDA
| The Commodity Credit Corporation
(CCC) has transferred 21.0 mln dlrs in credit guarantees
previously earmarked for sales of U.S. corn and 5.0 mln dlrs
for sales of oilseeds to increase available coverage on sales
of U.S. poultry meat to Iraq, the U.S. Agriculture Department
said.
The department said t... | Other |
AVON PRODUCTS <AVP> TO BUY GIORGIO FOR 185 MLN
| Avon Products Inc said it reached an
agreement in principle to purchase <Giorgio Inc>, a fragrance
company, for 185 mln dlrs in cash.
Giorgio's annual revnues are more than 100 mln dlrs, Avon
said. The acquisition has been approved by Avon's board, with
the closing set for May 7.
The transactio... | Financial Reports |
MOLECULAR GENETICS INC <MOGN> 4TH QTR LOSS
| Oper shr loss 22 cts vs loss 13 cts
Oper net loss 1,712,916 vs loss 769,539
Revs 2,292,972 vs 2,157,895
Avg shrs 7,961,602 vs 6,200,293
Year
Oper shr loss 53 cts vs loss 45 cts
Oper net loss 3,562,151 vs 2,543,366
Revs 9,117,311 vs 8,251,136
Avg shrs 7,169,871 vs 6,186,... | Corporate News |
HONDURAS SEEKING PL-480 VESSELS FOR BULK WHEAT
| Honduras will tender April 13 under
Public Law 480 for U.S. and non-U.S. flag vessels to deliver
approximately 52,500 tonnes of various wheats in bulk, an agent
for the country said.
The agent said deliveries of northern spring/dns wheat will
include laydays of July 1-10 for 7,500-9,500 tonnes, August
... | Financial Reports |
MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS
| Magma Copper Co, a subsidiary of
Newmont Mining Corp, said it is lowering its copper cathode
price by 0.50 cent to 65.50 cents a lb, effective immediately.
| Commodities and Trade |
CENERGY <CRG> REPORTS 4TH QTR NET PROFIT
| Cenergy Corp reported fourth quarter net
income of 790,000 dlrs or seven cts per share on revenues of
7.7 mln dlrs.
For the year it reported a net loss of 6.5 mln dlrs or 70
cts per share as a result of writedowns in the book value of
its oil and gas properties in the first two quarters. Revenues
were... | Financial Reports |
GENCORP <GY> SAYS BUYBACK BETTER THAN TAKEOVER
| GenCorp Inc said the decision by
General Partners, comprised of AFG Industries and Wagner and
Brown, to end its hostile offer for the company supports its
belief that the buy back offer it announced yesterday was a
"financially superior alternative."
GenCorp said it would annouce details of its plans to... | Financial Reports |
BERRY PETROLEUM, NORRIS OIL <NOIL> TO MERGE
| Berry Petroleum Co said its board
and the Norris Oil Co board approved a merger agreement that
calls for Norris to become a wholly-owned Berry subsidiary.
Berry, a privately-owned company which already owns 80.6
pct of Norris Oil's stock, said the agreement calls for Norris'
public shareholders to recei... | Commodities and Trade |
CCC CREDITS FOR BANGLADESH AMENDED - USDA
| The Commodity Credit Corporation
(CCC) has reallocated 5.0 mln dlrs in credit guarantees
previously earmarked for sales of U.S. wheat to provide
coverage for sales of U.S. vegetable oil to Bangladesh, the
U.S. Agriculture Department said.
USDA said the action was taken at the request of the
Bangladesh... | Financial Reports |
CCC SEED CREDIT GURANTEES FOR ALGERIA - USDA
| The Commodity Credit Corporation
(CCC) has authorized 2.0 mln dlrs in credit guarantees to cover
sales of seeds for planting to Algeria, the U.S. Agriculture
Department said.
The department said the additional guarantees increase the
cumulative fiscal year 1987 program for sales of U.S.
agricultural p... | Other |
USDA ANNOUNCES WORLD MARKET RICE PRICES
| The U.S. Agriculture Department
announced the following prevailing world market prices of rice
on a loan-rate basis, with previous prices --
-- Long grain whole kernels 5.87 cts per lb vs 5.70
-- Medium grain whole kernels 5.28 cts per lb vs 5.12
-- Short grain whole kernels 5.22 cts per lb vs ... | Other |
TOTAL SYSTEM SERVICES INC <TSYS> 1ST QTR NET
| Shr nine cts vs seven cts
Net 1,356,000 vs 1,041,000
Revs 9.7 mln vs 8.4 mln
| Financial Reports |
HUBCO INC <HCO> 1ST QTR NET
| Shr 38 cts vs 30 cts
Net 1,356,754 vs 1,048,340
Assets 448.5 mln vs 407.4 mln
| Financial Reports |
MERRIMAC INDUSTRIES INC <MMAC> 4TH QTR NET
| Shr five cts vs 29 cts
Net 92,641 vs 466,668
Sales 4,448,011 vs 4,122,301
Year
Shr 34 cts vs 1.16 dlrs
Net 553,310 vs 1,864,417
Sales 16.3 mln vs 16.7 mln
| Corporate News |
<WILDERNESS EXPERIENCE INC> 4TH QTR LOSS
| Period ended Jan 31
Shr loss three cts vs loss two cts
Net loss 183,500 vs loss 163,800
Sales 608,800 vs 1,156,100
Year
Shr loss 16 cts vs loss 21 cts
Net loss 1,128,600 vs loss 1,081,600
Sales 3,811,200 vs 6,968,700
| Financial Reports |
TOTAL SYSTEMS SERVICES <TSYS> 1ST QTR NET
| Shr nine cts vs seven cts
Net 1,356,000 vs 1,041,000
Revs 9,729,000 vs 8,367,000
| Other |
BERMUDA STAR <BSL> LEASES VESSEL
| Bermuda Star Line Inc said it has
leased a 23,500 ton passenger vessel from Orley Shipping Co
Inc, of Liberia for a term with options extending for 15 years.
The vessel, SS Liberte, will be renamed the Canadian Star
and will be used for cruises to Montreal from New York,
beginning in June.
Orley S... | Market and Economy |
PREMDOR PLANS TWO-FOR-ONE STOCK SPLIT
| <Premdor Inc> said it planned a
two-for-one common stock split, subject to shareholder approval
at the May 4 annual meeting.
It said the split, if approved, would take effect on May
20.
Premdor manufactures and sells wood doors.
| Market and Economy |
TELETRAK ADVANCED TECHNOLOGY 4TH QTR LOSS
| Shr loss two cts vs loss two cts
Net loss 183,597 vs loss 136,990
Rev 36,600 vs 61,763
Avg shares 12,355,000 vs 9,205,000
Year
Shr loss five cts vs loss five cts
Net loss 571,336 vs loss 416,595
Rev 103,327 vs 61,763
Avg shares 12,355,000 vs 8,705,000
NOTE: Compan... | Commodities and Trade |
CANNON <CAN> SELLS STAKE IN HBO/CANNON VENTURE
| Cannon Group Inc said it agreed in
principle to sell its 50 pct interest in the HBO/Cannon Video
joint venture to the Home Box Office unit of Time Inc <TL>.
The company said it is making the sale because in the near
future all of its video products will be licensed in the United
States and Canada to ... | Financial Reports |
HOUSTON OIL TRUST <HO> HALTS ROYALTIES
| Houston Oil Trust said there will be no
royalty funds available for distribution to unit holders in
April.
It also said that based on recent independent petroleum
engineers' estimates of Oct 31, 1986, there may be no amounts
avialable for distribution the rest of the year.
| Other |
UPPER PENINSULA POWER CO <UPEN> SETS PAYOUT
| Qtly dividend 52-1/2 cts vs 52-1/2 cts
Pay May one
record April 17
| Financial Reports |
ITT CORP <ITT> DECLARES DIVIDEND
| Qtly div 25 cts vs 25 cts prior
Pay July 1
Record May 7
| Commodities and Trade |
PACIFIC LIGHTING CORP <PLT> QTLY DIVIDEND
| Shr 87 cts vs 87 cts prior qtr
Pay May 15
Record April 20
| Corporate News |
STALEY CONTINENTAL <STA> REGULAR DIVIDEND SET
| Qtly div 20 cts vs 20 cts previously
Pay June Eight
Record May 22
| Commodities and Trade |
ITT CORP <ITT> REGULAR QTRLY DIVIDEND
| Qtly div 25 cts vs 25 cts prior
Payable July one
Record May 7
| Corporate News |
SUN <SUN> RAISES HEATING OIL BARGE PRICE
| Sun Co's Sun Refining and Marketing Co
subsidiary said it raised the price it charges contract barge
customers for heating oil in New York harbor by 0.50 cent a
gallon, effective today.
The increase brings the contract barge price to 50.50 cts a
gallon, Sun said.
| Financial Reports |
B.C. RESOURCES HAS AGREEMENT ON CREDIT FACILITY
| <British Columbia
Resources Investment Corp>, earlier reporting higher full year
operating losses, said it reached agreement in principle with
five lenders providing for a 360 mln dlr credit facility over a
four year term.
The company said the credit facility is extendable under
certain circumstanc... | Commodities and Trade |
SPORTSCENE ACQUIRES CHRISTOPHE VAN HOUTTE CHAIN
| (Sportscene Restaurants Inc) said it
acquired (Cafe Christophe Van Houtte Inc), a cafe chain with
ten franchises and one corporate restaurant, for an unspecified
amount of cash and Sportscene shares.
| Corporate News |
U.S. CONSUMER CREDIT ROSE 1.77 BILLION DLRS IN FEB VS REVISED 789 MLN JAN GAIN
|
U.S. CONSUMER CREDIT ROSE 1.77 BILLION DLRS IN FEB VS REVISED 789 MLN JAN GAIN
| Other |
RONSON CORP <RONC> 4TH QTR DEC 31
| Shr loss 21 cts vs loss seven cts
Net loss 971,000 vs loss 318,000
Revs 8.3 mln vs 9.2 mln
Year
Shr loss 43 cts vs profit 14 cts
Net loss 1.9 mln vs profit 606,000
Revs 32.5 mln vs 31.9 mln
NOTE:1986 loss includes reserves of 329,000, 1985 includes
tax benefit of 352,000, 9... | Corporate News |
U.K. MONEY MARKET GIVEN 85 MLN STG LATE HELP
| The Bank of England said it had provided
the money market with late assistance of around 85 mln stg.
This brings the bank total help so far today to some 87 mln
stg and compares with its latest forecast of a 250 mln stg
shortage in the system today.
| Financial Reports |
WESTMIN TO RAISE MYRA FALLS CAPACITY BY 33 PCT
| Westmin Resources Ltd said it
plans to increase capacity at its Myra Falls, British Columbia,
base and precious metal mine and mill complex by 33 pct to
4,400 short tons of ore a day, subject to regulatory approvals.
The company said the expansion will cost about 24 mln dlrs
and could be in operation by... | Financial Reports |
TREASURY BALANCES AT FED ROSE ON APRIL 6
| Treasury balances at the Federal
Reserve rose on April 6 to 4.262 billion dlrs from 3.876
billion dlrs on the previous business day, the Treasury said in
its latest budget statement.
Balances in tax and loan note accounts fell to 4.950
billion dlrs from 5.004 billion dlrs on the same respective
days.
... | Financial Reports |
MANUFACTURERS <MHC> IN BUILDING FORECLOSURE
| Manufacturers Hanover Corp said its OFP
Inc unit acquired a Dallas office building through foreclosure.
The company said it foreclosed on the Allied Bank Tower, a
1.2 mln-square-feet office building at One Fountain Place,
Dallas.
| Financial Reports |
HI-SHEAR INDUSTRIES INC <HSI> SETS PAYOUT
| Qtrly div 11 cts vs 11 cts prior
Pay April 28
Record April 20
| Corporate News |
COCA-COLA BOTTLING <COKE> TERMINATES TALKS
| Coca-Cola Bottling Co
Consolidated said it terminated negotiations with the proposed
purchaser of its wholly owned subsidiary headquartered in
Vancouver, B.C.
The company said it is vigorously continuing its efforts to
sell its Canadian operations, substantially on the terms and
conditions previously ... | Corporate News |
NORTHERN TELECOM LTD <NT> DECLARES STOCK SPLIT
| Two-for-one stock split
Pay May 12
Note: split is subject to approval of shareholders at April
23 annual meeting.
Company also said it will increase dividend on post-split
shares to six cts from five cts.
| Commodities and Trade |
CML GROUP INC <CMLI> 2ND QTR JAN 31 NET
| Shr 72 cts vs 58 cts
Net 4,791,000 vs 3,803,000
Sales 83.0 mln vs 72.0 mln
Avg shrs 6,668,309 vs 6,545,722
1st half
Shr 88 cts vs 70 cts
Net 5,872,000 vs 4,614,000
Sales 141.6 mln vs 121.8 mln
Avg shrs 6,669,488 vs 6,525,051
| Corporate News |
JAPANESE CRUSHERS BUY CANADIAN RAPESEED
| Japanese crushers bought 5,000 tonnes
of Canadian rapeseed in export business overnight for late
May/early June shipment, trade sources said.
| Financial Reports |
CAREPLUS <CPLS> SEEKS APPROVAL IN ACQUISITION
| CarePlus Inc said it will seek shareholder
approval of its proposed acquisition of certain assets and
assumption of certain liabilities of Professional Care Inc
<PCI>.
In connection with the acquisition, shareholders will be
requested to approval the merger of CarePlus into its newly
formed Delawar... | Other |
DRESS BARN INC <DBRN> 2ND QTR JAN 24 NET
| Shr 30 cts vs 21 cts
Net 3,358,000 vs 2,276,000
Sales 43.3 mln vs 33.5 mln
1st half
Shr 60 cts vs 42 cts
Net 6,654,000 vs 4,638,000
Sales 86.6 mln vs 66.4 mln
NOTE: Share adjusted for three-for-two stock split in May
1986.
| Other |
U.S. FEB CONSUMER CREDIT ROSE 1.77 BILLION DLRS
| U.S. consumer instalment credit rose
a seasonally adjusted 1.77 billion dlrs in February after a
revised rise of 789 mln dlrs in January, the Federal Reserve
Board said.
The annual rate of growth in February was 3.7 pct, up from
1.6 pct in January. Previously the Fed said consumer credit
rose 536 mln ... | Corporate News |
GROUP TO BUY MORE INTERMEDICS <ITM> SHARES
| An investor group including Bessemer
Securities Corp and Cilluffo Associates told the Securities and
Exchange Commission it asked federal antitrust regulators for
advance clearance to hold more than 30 mln dlrs of Intermedics
Inc common stock.
The group said it currently holds 1.8 mln shares or 17.6
p... | Financial Reports |
SEAGATE TECHNOLOGY <SGAT> 3RD QTR MARCH 3 NET
| Shr 81 cts vs 24 cts
Net 40,453,000 vs 11,833,000
Sales 267.1 mln vs 127.0 mln
Avg shrs 50,226,000 vs 48,337,000
Nine Mths
Shr 2.07 dlrs vs 38 cts
Net 102,564,000 vs 18,127,000
Sales 708.0 mln vs 318.3 mln
Avg shrs 49,573,000 vs 48,024,000
| Market and Economy |
GROUP RAISES TEXSTYRENE <FOAM> STAKE TO 11.7 PCT
| An investor group led by Dart
Container Corp, a Sarasota, Fla., plastic utensil maker, told
the Securities and Exchange Commission it raised its stake in
Texstyrene Corp to 420,500 common shares or 11.7 of the total
outstanding.
The group said it bought the shares for investment and
intends to continu... | Financial Reports |
ENRO HOLDING BUYS ENRO SHIRT AND FOXCROFT
| Enro Holding Corp said it acquired Enro
Shirt Co and Foxcroft Ltd from Wilson Bros for 30 mln dlrs.
Enro Holding is owned 50 pct by investors and 50 pct by
management and others. The investor group bought 50 pct of the
common equity and supplied five mln dlrs in mezzanine
financing. Management bought t... | Corporate News |
SPARTECH <SPTN> REVERSE STOCK SPLIT APPROVED
| Spartech Corp said shareholders at the
annual meeting approved a reverse stock split of the common
stock, on a one-for-five basis.
The company said the split was necessary in preparation for
an offering of 25 mln dlrs in convertible subordinated
debentures, expected to be made soon through Kidder, Peabo... | Corporate News |
PEOPLE RIDESHARING SYSTEMS <RIDE> 1ST QTR NET
| Shr primary profit two cts vs loss nine cts
Shr diluted profit one cent vs loss six cts
Net profit 17,156 vs loss 89,594
Revs 2,360,220 vs 3,208,802
Avg shrs 870,000 vs 1,026,627
NOTE: full name of company is People Ridesharing Systems
Inc.
| Financial Reports |
DESJARDINS GROUP LOWERS VISA INTEREST RATE
| (La Confederation des Caisses
Populaires et d'Economie Desjardins), the Quebec credit union
group, said it is lowering the interest rate on unpaid balances
on its Visa credit card to 15.9 pct from 18.0 pct, effective
with June billing statements.
The move follows cuts in credit card interest rate charge... | Corporate News |
SEEQ TECHNOLOGY INC <SEEQ> 2ND QTR MARCH 31
| Shr profit eight cts vs loss 1.84 dlrs
Net profit 785,000 vs loss 4,279,000
Revs 10.4 mln vs 8,464,000
Avg shrs 9,649,000 vs 2,664,000
Six Mths
Shr loss nine cts vs loss 4.09 dlrs
Net loss 262,000 vs loss 9,689,000
Revs 19.2 mln vs 15.6 mln
Avg shrs 2,874,000 vs 2,660,0... | Commodities and Trade |
7-APR-1987 16:46:14.77
| 7-APR-1987 16:46:14.77
| Corporate News |
WILLIAMS <WMB> HAS 4TH QTR CHARGE
| Williams Cos said a fourth quarter charge
of 250 mln dlrs from discontinued operations and writedowns
contributed to a 1986 net loss of 240 mln dlrs or 6.97 dlrs a
share against earnings of 31.6 mln dlrs or 92 cts in 1985.
The loss in the quarter was 232.3 mln dlrs or 6.75 dlrs
against income of 10.7 ml... | Other |
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