titles stringlengths 12 138 | article stringlengths 15 8.85k | category stringclasses 6
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|---|---|---|
FAMOUS RESTAURANTS INC <FAMS> 4TH QTR LOSS
| Shr loss 2.07 dlrs vs loss eight cts
Net loss 11,445,000 vs loss 501,000
Revs 14.5 mln vs 11.0 mln
Year
Shr loss 1.91 dlrs vs profit four cts
Net loss 12,427,000 vs profit 211,000
Revs 60.8 mln vs 51.5 mln
Note: includes non-recurring charges of 12,131,000 dlrs in
the 4th q... | Corporate News |
OPEC SAYS FEBRUARY OUTPUT UNDER CEILING
| OPEC output in February was "well below"
the 15.8 mln bpd ceiling it set in December and all countries
are strictly adhering to their quotas, the OPEC news agency
Opecna quoted an OPEC secretariat official as saying.
The official was quoted as saying that lower output was the
result "of member countries... | Corporate News |
CANADIAN IMPERIAL BANK OF COMMERCE 1ST QTR SHARE BASIC 61 CTS VS 64 CTS
|
CANADIAN IMPERIAL BANK OF COMMERCE 1ST QTR SHARE BASIC 61 CTS VS 64 CTS
| Corporate News |
PERKIN-ELMER <PKN> ACQUIRES HIGH TECH FIRM
| Perkin-Elmer Corp said it
acquired <Atomika Technische Physik>, based in Munich, West
Germany, a high technology concern specializing in surface
science instruments.
Terms of the acquisition were not disclosed.
It said Atomika will became a part of its Physical
Electronics Division, based in Ed... | Corporate News |
U.S. OKAYS USAIR <U> PACIFIC SOUTHWEST PURCHASE
| The U.S. Department of Transportation
said it gave final approval to USAir Group's proposed 400 mln
dlr acquisition of Pacific Southwest Airlines.
The department said the acquisition is not likely to
substantially lessen competition and would not harm the public
interest.
The department had given ... | Corporate News |
JAPAN CONSUMER PRICES FALL 0.4 PCT IN JANUARY
| Japan's unadjusted consumer price index
(base 1985) fell 0.4 pct to 99.7 in January from the previous
month, the government's Management and Coodination Agency said.
The fall compares with a decline of 0.2 pct in December.
The January index compared with a year earlier was down 1.1
pct, the first dr... | Financial Reports |
MCI <MCIC> PRESIDENT SEES PROFIT IMPROVEMENT
| MCI Communications Corp President
Bert Roberts said he expects MCI's financial performance to
improve in the current quarter compared to the previous
quarter.
He said American Telephone and Telegraph Co long-distance
rate cuts had cut into MCI's fourth quarter performance but
added: "There's going to ... | Corporate News |
NATIONAL GYPSUM CO 4TH QTR NET
| Net 5,521,000 vs NA
Revs 358.1 mln vs 359.0 mln
Year
Net 55.3 mln vs NA
Revs 1.43 billion vs 1.34 billion
NOTE: Current year includes earnings of 49.6 mln dlrs for
the four months ended April 30, 1986. Year-ago earnings not
comparable because of acquisition by Aancor Holdings Inc on
... | Corporate News |
ZAYRE CORP 4TH QTR SHR 73 CTS VS 60 CTS
|
ZAYRE CORP 4TH QTR SHR 73 CTS VS 60 CTS
| Commodities and Trade |
<DET OESTASIATISKE KOMPAGNI A/S> (EAST ASIATIC CO)
| Results for year 1986 -
Group pre-tax profit 385 mln crowns vs 380 mln
Net turnover 14.17 billion crowns vs 16.69 billion
Dividend eight pct vs nil
Group profit after tax 16 mln crowns vs 244 mln
| Financial Reports |
AVERY <AVY> SETS TWO FOR ONE STOCK SPLIT
| Avery said its board authorizerd
a two for one stock split, an increased in the quarterly
dividend and plans to offer four mln shares of common stock.
The company said the stock split is effective March 16 with
a distribution of one additional share to each shareholder of
record March 9.
It said t... | Financial Reports |
<SIGNTECH INC> NINE MTHS JAN 31 NET
| Shr 55 cts vs 24 cts
Net 1.9 mln vs 800,000
Revs 17.6 mln vs 12.8 mln
| Market and Economy |
<CANADIAN IMPERIAL BANK OF COMMERCE> 1ST QTR
| Period ended January 31
Shr 61 cts vs 64 cts
Shr diluted 60 cts vs 60 cts
Net 96.5 mln vs 87.0 mln
Loans 44.87 billion vs 48.07 billion
Deposits 69.86 billion vs 68.45 billion
Assets 83.92 billion vs 78.93 billion
Note: shr after preferred dividends
| Corporate News |
<TRIUMPH CAPITAL INC> TO MAKE ACQUISITION
| Triumph Capital Inc said it has signed a
letter of intent to acquire First Securities Transfer Systems
Inc of Pompano Beach, Fla., for undisclosed terms.
The company said it is also entering the commercial finance
business through the formation of Triumph Financial corp.
It said the new wholly-owned... | Commodities and Trade |
CONCHEMCO INC <CKC> SETS QUARTERLY
| Qtly div 10 cts vs 10 cts prior
Pay April Six
Record March 16
| Corporate News |
DST SYSTEMS INC <DSTS> REGULAR PAYOUT SET
| Qtly div five cts vs five cts prior
Pay April 17
Record March 16
| Corporate News |
FED NOT EXPECTED TO TAKE MONEY MARKET ACTION
| The Federal Reserve is not expected to
intervene in the U.S. government securities market to add or
drain reserves, economists said.
Most economists said they did not expect the Fed to add
reserves with Federal funds trading below six pct.
They said the funds rate's softer tone may indicate that
t... | Financial Reports |
BROWN GROUP INC 4TH QTR SHR 77 CTS VS 76 CTS
|
BROWN GROUP INC 4TH QTR SHR 77 CTS VS 76 CTS
| Financial Reports |
REGAL INTERNATIONAL <RGL> UPS BELL <BPSIQ> BID
| Bell Petroleum Services Inc said
Regal International Inc has doubled its offer for Bell stock to
one Regal share for each Bell share from half a share
previously.
The company said it is seriously considering the new offer
but has also received an expression of interest for a possible
merger into a For... | Corporate News |
26-FEB-1987
| 26-FEB-1987
| Financial Reports |
EQK GREEN ACRES LP <EGA> RAISES QUARTERLY
| Qtly div 26-1/4 cts vs 25 cts prior
Pay Aug 14
Record June 30
| Financial Reports |
MERCANTILE STORES CO INC 4TH QTR SHR 3.26 DLRS VS 3.17 DLRS
|
MERCANTILE STORES CO INC 4TH QTR SHR 3.26 DLRS VS 3.17 DLRS
| Financial Reports |
WINLAND ELECTRONICS INC 4TH QTR LOSS
| Shr loss one ct vs profit 15 cts
Net loss 10,863 vs profit 176,344
Revs 672,073 vs 766,066
Year
Shr loss seven cts vs loss one ct
Net loss 77,804 vs loss 16,627
Revs 1,717,810 vs 1,317,402
| Market and Economy |
ANTIBIOTICS IN FEED AID DEADLY BACTERIA: STUDY
| A study of salmonella poisoning has
uncovered new evidence that the common practice of feeding
antibiotics to cattle is helping to create deadly bacteria that
can infect humans and resist medicines.
Researchers at the federal Centers for Disease Control
tracked the spread of an unusual strain of salmone... | Financial Reports |
EC REJECTS ALL FREE MARKET WHEAT EXPORT OFFERS AT WEEKLY TENDER - TRADERS
|
EC REJECTS ALL FREE MARKET WHEAT EXPORT OFFERS AT WEEKLY TENDER - TRADERS
| Corporate News |
EC AWARDS 123,000 TONNES BARLEY EXPORT LICENCES AT 138.75 ECUS PER TONNE - TRADERS
|
EC AWARDS 123,000 TONNES BARLEY EXPORT LICENCES AT 138.75 ECUS PER TONNE - TRADERS
| Financial Reports |
FRENCH CEREAL EXPORTS THROUGH ROUEN FALL
| French cereal exports through the port of
Rouen fell 6.4 pct to 725,023 tonnes during the period February
1 to 25, from 774,704 for the period February 1 to 26 last
year, trade sources said.
Main destinations were Saudi Arabia with 158,109 tonnes of
barley, the Soviet Union 147,214 of wheat, Italy 104,7... | Corporate News |
NATIONAL CONVENIENCE <NCS> TO HAVE 3RD QTR LOSS
| National Convenience Stores Inc said it
expects to report a loss for the third quarter ending March 31
due to continued poor sales in Texas, especially in Houston.
In last year's third quarter, National Convenience earned
1,788,000 dlrs or eight cts per share, including a gain of
2,883,000 dlrs from the... | Market and Economy |
MARATHON RAISES CRUDE POSTED PRICES 50 CTS A BBL, EFFECTIVE TODAY, WTI AT 17 DLRS/BBL.
|
MARATHON RAISES CRUDE POSTED PRICES 50 CTS A BBL, EFFECTIVE TODAY, WTI AT 17 DLRS/BBL.
| Commodities and Trade |
REPORT DUE ON OIL IMPORTS AND NATIONAL SECURITY
| A presidential commission that has
been studying oil imports, including their effect on national
security, is to to make its report soon, the White House said.
Spokesman Marlin Fitzwater said the panel, set up last
October to examine U.S. oil import needs, would make its report
soon, probably within the... | Other |
CHRYSLER SETS THREE-FOR-TWO STOCK SPLIT, RAISES DIVIDEND
|
CHRYSLER SETS THREE-FOR-TWO STOCK SPLIT, RAISES DIVIDEND
| Financial Reports |
U.S. COMMERCE DEPT'S ORTNER SAYS YEN IS 10 OR 15 PCT UNDERVALUED
|
U.S. COMMERCE DEPT'S ORTNER SAYS YEN IS 10 OR 15 PCT UNDERVALUED
| Commodities and Trade |
U.S. COMMERCE DEPT'S ORTNER SAYS DOLLAR FAIRLY PRICED AGAINST EUROPEAN CURRENCIES
|
U.S. COMMERCE DEPT'S ORTNER SAYS DOLLAR FAIRLY PRICED AGAINST EUROPEAN CURRENCIES
| Corporate News |
BROWN GROUP INC <BG> 4TH QTR JAN 31 NET
| Shr 77 cts vs 76 cts
Net 13,843,000 vs 14,478,000
Sales 374.6 mln vs 368.3 mln
Avg shrs 18,003,000 vs 19,025,000
Year
Shr 2.16 dlrs vs 2.65 dlrs
Net 39,503,000 vs 51,573,000
Revs 1.41 billion vs 1.41 billion
Avg shrs 18,269,000 vs 19,497,000
NOTE: 1986 period ende... | Commodities and Trade |
EC AWARDS EXPORT LICENCES FOR 25,000 TONNES MAIZE - PARIS TRADE.
|
EC AWARDS EXPORT LICENCES FOR 25,000 TONNES MAIZE - PARIS TRADE.
| Financial Reports |
ZAMBIAN LATE 1986 COPPER OUTPUT UP, SALES DOWN
| Zambian copper production rose 3.2 pct to
113,275 tonnes in fourth quarter 1986 from 109,767 in the same
1985 period but sales fell 18.7 pct to 119,967 tonnes from
147,537, Zambia Consolidated Copper Mines, ZCCM, said.
A spokesman for the government-controlled mining company
said the country's cobalt pr... | Corporate News |
BAD WEATHER CLOSES ALEXANDRIA PORT, OIL TERMINAL
| Strong winds and high seas
today closed Alexandria, Egypt's biggest port, and an oil
pipeline terminal nearby, officials said.
Facilities of the Suez-Mediterranean Arab Petroleum
Pipelines Company at Sidi Kreir, 32 km southeast of Alexandria,
were closed this morning after one tanker loaded and sailed.
... | Financial Reports |
PEGASUS GOLD INC <PGULF> 4TH QTR NET
| Shr profit 20 cts vs loss two cts
Net profit 2,665,000 vs loss 202,000
Revs 12.1 mln vs 5,993,000
Year
Shr profit 35 cts vs loss 11 cts
Net profit 4,653,000 vs loss 1,167,000
Revs 35.1 mln vs 18.0 mln
NOTE: Current qtr includes gain of 1.1 mln dlrs from tax
benefit.
| Corporate News |
U.S. COMMERCE'S ORTNER SAYS YEN UNDERVALUED
| Commerce Dept. undersecretary of
economic affairs Robert Ortner said that he believed the dollar
at current levels was fairly priced against most European
currencies.
In a wide ranging address sponsored by the Export-Import
Bank, Ortner, the bank's senior economist also said he believed
that the yen ... | Financial Reports |
EC REJECTS WHEAT EXPORT BIDS, GRANTS BARLEY
| The European Community's cereal
management committee rejected all bids to export free market
soft wheat at today's weekly tender, traders said.
The committee awarded 123,000 tonnes of free market barley
export licences at a maximum export refund of 138.75 Ecus per
tonne.
| Other |
CORNING GLASS WORKS <GLW> UNIT TRANSFERS STOCK
| Corning Glass Works' subsidiary
Corning International Corp said it agreed to transfer 55 pct of
its capital stock of an Argentine glass manufacturer to a
European group.
It said it will transfer the capital stock of Rigolleau,
S.A., to the group controlled by Camillo Gancia, an Argentine
industrialist... | Corporate News |
ZAYRE CORP <ZY> 4TH QTR JAN 31 NET
| Shr 73 cts vs 60 cts
Net 43,792,000 vs 36,480,000
Rev 1.78 billion vs 1.34 billion
Year
Shr 1.49 dlrs vs 1.61 dlrs
Net 88,974,000 vs 94,647,000
Rev 5.35 billion vs 4.04 billion
NOTE: 4th qtr net includes pre-tax gain of 9.7 mln dlrs
from sale of real estate and real estate ... | Corporate News |
FARMERS CONCERNED ABOUT BRITISH SUGAR OWNERSHIP
| The National Farmers Union, NFU, remains
concerned about the future ownership of British Sugar despite
last week's decision by the government to block bids from
Italy's Gruppo Ferruzzi and Britain's Tate & Lyle Plc.
The union's sugar beet committee met yesterday to consider
the implications of a gov... | Commodities and Trade |
ZAYRE <ZY> PLANS MORE STORE OPENINGS IN 1987
| Zayre Corp said it plans to
open 25 additional Zayre Stores, 35 new T.J. Maxx stores and 50
Hit or Miss Shops in 1987.
In addition, Zayre said it plans to add six new BJ's
Wholesale Clubs and eight new HomeClubs to its warehouse group.
Earlier, the company reported 1986 earnings, ended January
31,... | Corporate News |
DUTCH GROWTH LIKELY TO SLOW, JOBLESS RISE IN 1987
| Leaks of a major Dutch official
economic forecast due to be published on Monday indicate
reduced economic growth and a renewed rise in unemployment this
year, political and market sources say.
Concern over an anticipated fall in Dutch competitiveness
this year against a background of an average 2-1/2 pc... | Financial Reports |
CHRYSLER <C> SETS STOCK SPLIT, HIGHER DIVIDEND
| Chrysler Corp said its board declared a
three-for-two stock split in the form of a 50 pct stock
dividend and raised the quarterly dividend by seven pct.
The company said the dividend was raised to 37.5 cts a
share from 35 cts on a pre-split basis, equal to a 25 ct
dividend on a post-split basis.
C... | Financial Reports |
MAGMA LOWERS COPPER 0.75 CENT TO 66 CTS
| Magma Copper Co, a subsidiary of Newmont
Mining Corp, said it is cutting its copper cathode price by
0.75 cent to 66 cents a lb, effective immediately.
| Corporate News |
N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH
| Monetary and credit growth rates in
New Zealand are not expected to continue at current levels
following the Reserve Bank's move to tighten liquidity late
last year, Reserve Bank Governor Spencer Russell said.
The monetary and credit growth figures for the December
quarter were probably artifically infl... | Corporate News |
BANCO SANTANDER TO BUY WEST GERMANY'S CC-BANK
| <Banco Santander> signed a letter of
intent with Bank of America <BAC> to purchase its West German
affiliate <Bankhaus Centrale Credit AG>, CC-Bank, the bank said
in a statement amplifying an earlier report from Frankfurt.
"The incorporation of CC-Bank in our group will provide a
major boost...... | Commodities and Trade |
CANADIAN IMPERIAL SEES LOWER LOAN LOSSES
| <Canadian Imperial Bank of Commerce>,
earlier reporting higher net income for the first quarter ended
January 31, said it expects loan losses to be lower than last
year's 697.0 mln dlrs.
However, the bank said it will maintain the high level of
provisioning for loan losses established last year becau... | Market and Economy |
MERCANTILE STORES CO INC <MST> 4TH QTR NET
| Qtr ends Jan 31
Shr 3.26 dlrs vs 3.17 dlrs
Net 47.9 mln vs 46.7 mln
Revs 673.1 mln vs 630.2 mln
12 mths
Shr 7.54 dlrs vs 6.95 dlrs
Net 111.1 mln vs 102.4 mln
Revs 2.03 billion vs 1.88 billion
.
| Commodities and Trade |
INDIA BOUGHT AT LEAST EIGHT CARGOES SUGAR--TRADE
| India bought eight cargoes of white
sugar at a buying tender this week but also gave sellers
options to sell an extra eight cargoes at the same prices,
traders said.
Four international firms shared the business which gave
each of them sales of two cargoes of Mar/Apr shipment sugar at
233 dlrs CIF and ... | Financial Reports |
UNITEL VIDEO SHAREHOLDER PROPOSES POSSIBLE SALE OR LIQUIDATION OF COMPANY
|
UNITEL VIDEO SHAREHOLDER PROPOSES POSSIBLE SALE OR LIQUIDATION OF COMPANY
| Financial Reports |
AVERAGE YEN CD RATES FALL IN LATEST WEEK
| Average interest rates on yen certificates
of deposit, CD, fell to 4.27 pct in the week ended February 25
from 4.32 pct the previous week, the Bank of Japan said.
New rates (previous in brackets), were -
Average CD rates all banks 4.27 pct (4.32)
Money Market Certificate, MMC, ceiling rates for ... | Other |
ALLEGHENY POWER SYSTEM INC <AYP> SETS PAYOUT
| Qtly div 73 cts vs 73 cts prior
Pay March 31
Record March 16
| Financial Reports |
<SELKIRK COMMUNICATIONS LTD> 4TH QTR NET
| Oper shr 57 cts vs 73 cts
Oper net 6,051,000 vs 7,818,000
Revs 50.0 mln vs 56.0 mln
Year
Oper shr 1.06 dlrs vs 1.24 dlrs
Oper net 11,301,000 vs 13,203,000
Revs 171.9 mln vs 207.4 mln
NOTE: Current oper net excludes extraordinary income of
180,000 dlrs in qtr and 1,119,000 d... | Financial Reports |
HOUSTON OIL ROYALTY TRUST <RTH> PAYOUT LOWER
| Mthly div 2.108 cts vs 2.158 cts prior
Pay March 26
Record March 16
| Corporate News |
ENGELHARD CORP SETS THREE FOR TWO STOCK SPLIT AND RAISES QUARTERLY
|
ENGELHARD CORP SETS THREE FOR TWO STOCK SPLIT AND RAISES QUARTERLY
| Commodities and Trade |
PARIS TRADE DETAILS EC GRAIN TENDER RESULT
| The EC Commission rejected all bids for
free market bread-making and feed wheat and all bids for the
special West German tender at today's weekly EC cereals tender,
trade sources said here.
It granted export licences for 123,000 tonnes of free
market barley at a maximum rebate of 138.75 Ecus per tonne a... | Commodities and Trade |
HOLDER PROPOSES UNITEL <UNV> SALE OR LIQUIDATION
| Michael Landes, a major stockholder
in Unitel Video Inc, said he has asked the company to consider
liquidating, or selling some or all of its assets.
"Mr. Landes has requested the company to implement a
program to maximize shareholder values, which might include a
sale of all or part of the company or a... | Other |
HUGES TOOL COMPANY SAYS BAKER INTERNATIONAL MERGER PLAN NOT TERMINATED
|
HUGES TOOL COMPANY SAYS BAKER INTERNATIONAL MERGER PLAN NOT TERMINATED
| Financial Reports |
ROYAL DUTCH/SHELL GROUP OF COS 4TH QTR NET
| Shr Royal Dutch Petroleum Co <RD> 2.30 dlrs vs 2.90 dlrs
Final Royal Dutch dividend of 8.30 guilders for total 12.80
guilders vs 12.80 guilders for 1985
Shr Shell Transport and Trading Co PLC <SC> 1.38 dlrs vs
1.65 dlrs
Final Shell Transport dividend 118.0 pence for total of
172.0 pence ... | Financial Reports |
WORLD GRAIN TRADE RECOVERY MAY BE UNDERWAY
| World grain trade could be turning
the corner and heading toward recovery in the 1986-87 season, a
Cargill, Inc. analyst said.
Writing in the March issue of the Cargill Bulletin, David
Rogers of Cargill's Commodity Marketing Division cited a
gradual rise in world wheat trade in recent months, with a slo... | Financial Reports |
INVESTMENT FIRM BOOSTS PUROLATOR <PCC> STAKE
| Halcyon Investments, a New York
investment partnership that deals mainly in risk arbitrage and
stock trading, said it raised its Purolator Courier Corp stake
to 726,700 shares, or 9.5 pct, from 474,900, or 6.2 pct.
In a filing with the Securities and Exchange Commission,
Halcyon, whose managing partner ... | Commodities and Trade |
AETNA <AET> TO SELL CANADIAN OPERATIONS
| Aetna Life and Casualty Co said
its Aetna Life and Casualty of Canada Ltd subsidiary has agreed
in prnciple to sell its casualty-property subsidiary, Aetna
Casualty Co of Canada to <Laurentian Group> of Montreal for
undisclosed terms.
The company said the agreement is subject to Canadian
government... | Financial Reports |
NPPC DELEGATES APPROVE DISEASE AND DRUG PROGRAMS
| Delegates from the National Pork
Producers Council, NPPC, yesterday approved programs for
control and eradication of pseudorabies and establishment of a
national safe drug use program.
The delegate body, attending the American Pork Congress in
Indianapolis, approved a pseudorabies control and eradicatio... | Corporate News |
SOUTHERN MINERAL CORP <SMIN> 4TH QTR LOSS
| Shr loss two cts vs profit three cts
Net loss 77,400 vs profit 134,000
Revs 418,500 vs 435,900
Year
Shr profit eight cts vs profit 27 cts
Net profit 315,100 vs profit 1,082,700
Revs 1,761,900 vs 2,511,200
NOTE: Per-share figures adjusted for four-for-three stock
distributio... | Financial Reports |
BANK OF ENGLAND RESISTS PRESSURE FOR RATE CUT
| The Bank of England again fought against
money and bond market pressure for a pre-Budget interest rate
cut, leaving the pound to take the strain with a further rise
in its trade-weighted index to a six-month high.
It closed at its best level since September 12, at 71.4 pct
of its 1975 value on the index... | Financial Reports |
ENGELHARD CORP <EC> SETS STOCK SPLIT
| Engelhard Corp said its board
declared a three-for-two stock split and raised the quarterly
dividend to 19-1/2 cts per share presplit from 19 cts, both
payable March 31 to holders of record March 17.
| Other |
EGYPTIAN 1986 CRUDE OIL OUTPUT DOWN ON 1985
| Non-Opec Egypt produced 40.3 mln tonnes
(about 295 mln barrels) of crude in 1986 against 44.3 mln
tonnes (about 323 mln barrels) in 1985, according to official
figures released today by the Egyptian General Petroleum Corp.
(EGPC).
Officials say Egypt can produce up to one mln bpd per day,
but producti... | Commodities and Trade |
TRADERS DETAIL IRISH INTERVENTION BARLEY TENDER
| The European Commission authorised the
export of 33,500 tonnes of Irish intervention barley at today's
tender for non-European Community destinations at 53.10 Ecus
per tonne, grain traders said.
| Financial Reports |
H AND H OIL TOOL CO <HHOT> 4TH QTR LOSS
| Shr loss six cts vs profit two cts
Net loss 196,000 vs profit 71,000
Revs 2,512,000 vs 5,776,000
Year
Shr loss 1.09 dlrs vs loss 18 cts
Net loss 3,509,000 vs loss 587,000
Revs 12.0 mln vs 21.0 mln
Note: 1986 year includes special charge of 1,600,000 dlrs,
or 50 cts per shr ... | Commodities and Trade |
CB AND T FINANCIAL CORP <CBTF> YEAR NET
| Shr 2.10 dlrs vs 1.72 dlrs
Shr diluted 1.98 dlrs vs 1.72 dlrs
Net 2,228,000 vs 1,730,000
| Other |
AMOSKEAG BANK <AMKG> TO ACQUIRE ENTREPO
| Amoskeag Bank said it signed an
agreement to acquire <Entrepo Financial Resources Inc>, a
Philadelphia-based company which leases and remarkets high
technology equipment.
Terms of the acquisition were not disclosed.
It said Entrepo has assets of 20 mln dlrs.
| Financial Reports |
WASHINGTON NATIONAL CORP <WNT> VOTES DIVIDEND
| Qtly div 27 cts vs 27 cts prior qtr
Pay 1 April
Record 16 March
| Financial Reports |
KAINES SELLS JORDAN TWO CARGOES OF WHITE SUGAR
| Trade house Kaines said it sold Jordan
two cargoes of white sugar at its buying tender today.
The sale comprised two 12,000 to 14,000 tonne cargoes (plus
or minus 10 pct) for Mar/Apr shipment, a Kaines trader said.
Traders said the business was done at 235.5 dlrs a tonne
cost and freight.
| Corporate News |
COMMUNITY BANK SYSTEM <CBSI> BUYS NICHOLS BANK
| Community Bank Systems Inc and
the <Nichols National Bank> said they have signed a definitive
agreement for Nichols to become a member of the CBSI Group of
banks for an exchange of stock worth 2.8 mln dlrs.
CBSI said it expects to complete the deal, pending Nichols'
shareholder and regulatory approva... | Financial Reports |
EASTMAN KODAK ACQUIRES 18.7 PCT INTEREST IN ENZON INC
|
EASTMAN KODAK ACQUIRES 18.7 PCT INTEREST IN ENZON INC
| Financial Reports |
TURKEY SEEKING 100,000 TONNES SUGAR - TRADE
| Turkey is holding a buying tender for
100,000 tonnes of white sugar on March 24, traders here said.
The sugar is being sought for early arrival and will
probably be met with April/May shipment sugar, they added.
Earlier today newspapers in Turkey carried an advertisement
from Turkish Sugar Factories... | Financial Reports |
SHAD FAVORS SHORTENING DISCLOSURE PERIOD
| Securities and Exchange Commission
Chairman John Shad said the SEC favors shortening the current
10-day period for disclosing takeover attempts but opposes
putting restrictions on the use of so-called junk bonds.
"We favor shortening the disclosure period to two days,"
Shad told members of the House Tel... | Financial Reports |
CORRECTED - PEGASUS GOLD INC<PGULF> 4TH QTR NET
| Shr profit 20 cts vs loss two cts
Net profit 2,665,000 vs loss 202,000
Revs 12,141,000 vs 5,993,000
Year
Shr profit 35 cts vs loss 11 cts
Net profit 4,653,000 vs loss 1,167,000
Revs 35.1 mln vs 18.0 mln
NOTE: company corrects reporting period to 4th qtr and year
from 3rd qt... | Other |
JAPAN EXPECTED TO CUT BASE RATE FOR STATE BODIES
| Japan is expected to cut the base lending
rate for state financial institutions to 5.5 pct from 6.2 as
part of the recent pact by major industrial nations in Paris,
Finance Ministry sources said.
They said the cut is based on a revision of the Trust Fund
Bureau Law, which should be approved by parliamen... | Financial Reports |
HUGHES TOOL <HT> SAYS BAKER <BKO> MERGER ALIVE
| Hughes Tool Co Chairman W.A. Kistler
said its counter proposal to merge with Baker International
Corp was still under consideration and that a merger was in the
best interests of both companies.
"Our hope is that we can come to a mutual agreement that is
good for both companies," Kistler said of the pro... | Financial Reports |
AEQUITRON MEDICAL INC <AQTN> 3RD QTR LOSS
| Period ended January 31
Shr loss five cts vs profit eight cts
Net loss 247,100 vs profit 345,300
Sales 4,529,300 vs 3,482,800
Nine mths
Shr profit six cts vs profit 18 cts
Net profit 261,300 vs profit 793,700
Sales 12.3 mln vs 9,957,200
| Financial Reports |
LOWE'S COS INC <LOW> 4TH QTR JAN 31 NET
| Shr 18 cts vs 31 cts
Net 7,168,000 vs 11.3 mln
Sales 497.4 mln vs 475.6 mln
Avg shrs 39.6 mln vs 37.1 mln
Year
Shr 1.34 dlrs vs 1.64 dlrs
Net 52.2 mln vs 59.7 mln
Sales 2.28 billion vs 2.07 billion
Avg shrs 39.0 mln vs 36.5 mln
NOTE: Current year net both periods ... | Commodities and Trade |
FRANCE TO SELL STAKE IN SOCIETE GENERALE UNIT
| The French government is to
sell to the public its 47.42 pct direct holding in Societe
Generale <STGN.PA>'s regional bank subsidiary <Societe Generale
Alsacienne de Banque>, SOGENAL, from next Monday, SOGENAL
officials said.
SOGENAL, founded in 1881 and nationalised in 1982, is the
leading Frenc... | Market and Economy |
MIDLAND <MLA> SETS STOCK SPLIT
| Midland Co said its board declared a
two-for-one stock split, subject to approval of a doubling of
authorized common shares at the annual meeting on April 9, and
an increase in the quarterly dividend to 12 cts pre-split from
10 cts.
The dividend is payable April 8, record March 17, and the
split would... | Financial Reports |
PRUDENTIAL INSURANCE YEAR EARNINGS
| The Prudential Insurance Company of
America, a privately held company, said today that net income
in 1986 rose to 2.8 billion dlrs from the 2.3 billion dlrs
reported the year earlier.
Assets under management rose to 177.5 billion dlrs in 1986
from 150.1 billion dlrs in 1985, while consolidated assets
... | Market and Economy |
EC OPENS SPECIAL REBATE FOR MAIZE - PARIS TRADE
| The EC Commission decided to open a
special daily export rebate today for maize exports to Morocco,
Israel, Canary Islands and zone 5c (Sub-Saharan Africa), trade
sources said here.
The rebate was set at 153 European currency units per tonne
for March and 133 for April through July.
| Market and Economy |
AEQUITRON <AQTN> SEES 4TH QTR CHARGE
| Aequitron Medical Inc said costs
related to its previously announced plan to consolidate Life
Products operations in Boulder, Colo, are expected to total
720,000 dlrs, or eight cts a share for the fourth quarter
ending April 30.
It said the costs including moving expenses, severance pay
and future lea... | Other |
BIG B INC <BIGB> 4TH QTR JAN 31 NET
| Shr 23 cts vs 17 cts
Net 1,742,000 vs 1,1512,000
Sales 62.6 mln vs 53.6 mln
Avg shrs 7,854,000 vs 6,617,000
Year
Shr 61 cts vs 61 cts
Net 4,469,000 vs 4,039,000
Sales 209.8 mln vs 175.4 mln
Avg shrs 78,369,000 vs 6,610,000
| Financial Reports |
WILSHIRE <WOC> CHIEF NAMED TO JACOBS <JEC> BOARD
| Wilshire Oil Co of Texas, which has a
9.8 pct stake in Jacobs Engineering Group Inc, said its
chairman, Siggi Wilzig, was appointed to the Jabobs board.
In a filing with the Securities and Exchange Commission,
Wilshire, which holds 417,100 Jacobs common shares, said Wilzig
was appointed to the Jacobs bo... | Financial Reports |
FEBRUARY U.S. RETAIL SALES NOT SIGN OF UPTURN
| U.S. retailers posted stronger than
expected sales in February, but not enough to prompt analysts
to change their expectations of sluggish sales growth for the
first half of 1987.
"My feeling is that it (February) borrowed some of the
business we normally see later in the quarter and the real
strengt... | Corporate News |
AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS
| Domestic demand is now expected to make
no contribution to Australian economic growth in fiscal
1986/87, ending June 30, while net exports will account for all
of the overall increase, Treasurer Paul Keating said here.
However, he did not say in his speech to the Economic
Planning Advisory Council (EPAC... | Financial Reports |
QUARTZ ENGINEERING AND MATERIALS <QRTZ> 1ST QTR
| Qtr ended Dec 31
Shr nil vs nil
Net loss 59,922 vs loss 357,203
Revs 714,263 vs 926,964
| Financial Reports |
KODAK <EK> BUYS STAKE IN ENZON <ENZN>
| Eastman Kodak Co said it has
acquired an 18.7 pct equity interest in Enzon Inc, a
pharmaceutical company specializing in protein therapy.
Kodak said it secured worldwide marketing rights for three
of Enzon's PEG enzymes used in the treatment of oxygen toxicity
disorders, hyperuricemia and gout.
Th... | Financial Reports |
GEMCRAFT INC <GEMH> YEAR NET
| Shr 42 cts vs 1.21 dlrs
Net 2,317,000 vs 5,847,000
Sales 360.0 mln vs 282.4 mln
Avg shrs 5,463,000 vs 4,829,000
NOTE: 1986 net includes 4,700,000 dlr pretax charge from
writedown of land and abandonment of land and pretax charges of
5,800,00 dlrs from pending rescission offer, settlements ... | Corporate News |
APPLIED SOLAR ENERGY CORP <SOLR> 1ST QTR NET
| Qtr ended Jan 31
Shr profit nine cts vs loss 30 cts
Net profit 317,000 vs loss 997,000
Sales 6,338,000 vs 3,119,000
Note: 1986 net includes extraordinary gain of 90,000 dlrs,
or two cts per shr.
| Financial Reports |
PACIFIC NUCLEAR SYSTEMS IN <PACN> 4TH QTR LOSS
| Shr loss 19 cts vs profit seven cts
Net loss 851,000 vs profit 227,000
Revs 2,600,000 vs 4,800,000
Year
Shr loss 46 cts vs profit 19 cts
Net loss 2,100,000 vs profit 600,000
Revs 9,900,000 vs 15.9 mln
| Corporate News |
FED'S JOHNSON STRESSES PRICE STABILITY
| Federal Reserve Board Vice Chairman
Manuel Johnson said that maintaining price stability was
critical to achieving non-inflationary economic growth in the
world and said that progress was being made.
"It is worth reiterating that the Federal Reserve's
promotion of price stability is critical to the succ... | Corporate News |
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