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ANGLO AMERICAN GOLD INVESTMENT CO LTD <AAGIY>
| Year to Feb 28
Shr 1,700.3 cts vs 1,533.0
Pre-tax 373.3 mln rand vs 341.0 mln
Net 373.3 mln vs 336.5 mln
Tax nil vs 4.5 mln
Final div 900 cts making 1,600 cts vs 1,450
Div payable April 24, register March 20
| Corporate News |
THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24
| Thailand exported 84,960 tonnes of rice
in the week ended February 24, up from 80,498 the previous
week, the Commerce Ministry said.
It said government and private exporters shipped 27,510 and
57,450 tonnes respectively.
Private exporters concluded advance weekly sales for 79,448
tonnes against 79... | Financial Reports |
HARRIS CUTS TRIAD SYSTEMS <TRSC> STAKE TO 18 PCT
| Harris Associates L.P., a Chicago
investment advisory partnership, said it lowered its stake in
Triad Systems Corp to 1,355,296 shares, or 17.9 pct of the
total outstanding, from 1,463,962 shares, or 19.3 pct.
In a filing with the Securities and Exchange Commission,
Harris said it sold a net 108,666 Tri... | Financial Reports |
U.S. TREASURY SAYS NO COMMENT ON YEN VALUE
| A Treasury Department spokesman
refused comment on statements by Robert Ortner, undersecretary
of economic affairs for the Commerce Department, that the
Japanese yen was undervalued.
Ortner, senior economist at the Commerce Department, told
an Export-Import Bank conference "the yen is still a little bit... | Financial Reports |
TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS
| The Tokyo Grain Exchange said it will raise
the margin requirement on the spot and nearby month for U.S.
And Chinese soybeans and red beans, effective March 2.
Spot April U.S. Soybean contracts will increase to 90,000
yen per 15 tonne lot from 70,000 now. Other months will stay
unchanged at 70,000, exce... | Financial Reports |
5-MAR-1987 13:15:11.82
| 5-MAR-1987 13:15:11.82
| Financial Reports |
IDEA INC <IDEA> TO BUY PRIVATE FIRM
| IDEA Inc said it signed a
letter of intent to buy privately-held Structural
Instrumentation Inc.
The purchase, for an undisclosed sum, will be made mostly
with IDEA common stock, the company said.
IDEA said the purchase will add about 32 cts per share to
its fiscal 1988 earnings.
IDEA report... | Financial Reports |
DUCOMMUN INC <DCO> SELLS DIVISION
| Ducommun Inc said it sold its
Airdrome Parts Co division to a group of investors headed by
Airdrome's management for a cash price of 12 mln dlrs.
Ducommun said the sale, coupled with its sale last month of
Metermaster, were steps taken to improve the company's balance
sheet and that no further sales are... | Corporate News |
HOOPER HOLMES SHERLOCK INC <HOOP> 4TH QTR NET
| Shr 22 cts vs 25 cts
Net 472,000 vs 454,000
Revs 16.2 mln vs 15.2 mln
Avg shrs 2,135,315 vs 1,835,325
12 mths
Shr 71 cts vs 70 cts
Net 1,393,000 vs 1,285,000
Rwevs 61,805,000 vs 55,367,000
Avg shares 1,960,319 vs 1,835,325
| Financial Reports |
BROWN-FORMAN <BFDB> SETS STOCK SPLIT, UPS PAYOUT
| Brown-Forman Inc said its board
has approved a three-for-two stock split and a 35 pct increase
in the company cash dividend.
The company cited its improved earnings outlook and
continued strong cash flow as reasons for raising the dividend.
Brown-Forman said the split of its Class A and Class B
co... | Corporate News |
TEXON ENERGY <TXON> IN TALKS ON ACQUISITION
| Texon Energy Corp said it has entered
into a preliminary agreement to purchase an 80 pct interest in
a privately-held specialty plastics manufacturing company it
did not name.
Texon said completion of the acquisition is subject to the
consent of banks and third parties and the acquisition would be
mad... | Financial Reports |
ALLIED <ALD> AFFILIATE RESTATES LOSS LARGER
| Allied-Signal Inc's 49.7 pct owned
<Union Texas Petroleum Co> affiliate said it has restated its
fourth quarter and full-year losses and revenues to increase
the provision for the proposed settlement of a price dispute
involving Indonesian liquefied natural gas.
It said the restated increases the pro... | Corporate News |
AMREP CORP <AXR> 3RD QTR JAN 31 NET
| Shr 12 cts vs 34 cts
Net 787,000 vs 2,250,000
Revs 23.6 mln vs 23.6 mln
Nine mths
Shr 70 cts vs 1.06 dlrs
Net 4,598,000 vs 6,974,000
Revs 73.1 mln vs 73.6 mln
NOTE: Share adjusted for three-for-two stock split in
December 1986.
| Financial Reports |
ICI <ICI> SEES GROWTH IN PHARMACEUTICALS
| Imperial Chemical Industries PLC
expects earnings from its pharmaceuticals operations to grow
to about 35 pct of world profits within the next five years
compared with a current 30 pct, chairman elect Denys Henderson
told financial analysts.
"Over the next five years we expect to launch one major new
... | Corporate News |
SAFECARD SERVICES <SFCD> SETS SPLIT, UPS PAYOUT
| SafeCard Services Inc said
its board declared a three-for-two stock split and is
maintaining the quarterly dividend on post-split shares at the
same six cts it now pays for an effective 50 pct increase.
Both the split and the dividend are payable April 30 to
holders of record March 31.
| Financial Reports |
WILTON ENTERPRISES INC <WLTN> 2ND QTR JAN 31 NET
| Oper shr profit two cts vs loss 31 cts
Oper net 72,000 vs loss 1,130,000
Sales 7,896,000 vs 9,333,000
1st half
Oper shr profit 32 cts vs profit eight cts
Oper net profit 1,187,000 vs profit 299,000
Sales 21.3 mln vs 26.0 mln
NOTE: Current year net excludes tax credits of 54,0... | Commodities and Trade |
ROTTERDAM PORT SUBSIDY TO END JULY 1 - MINISTER
| Dutch Social Affairs Minister Louw de
Graaf announced he is withdrawing the annual 10 mln guilder
labour subsidy for Rotterdam's strike-hit general cargo sector
as from July 1.
Late last month de Graaf said that if the dispute was not
settled by Monday this week he would withdraw the subsidy.
The ... | Corporate News |
S.A.Y.<SAYI> TO TAKE 3RD QTR LOSS FROM SALE
| S.A.Y. Industries Inc said it
expects a loss of about two mln dlrs in its third quarter ended
February 28 from the proposed sale of its Omnilab Inc health
care unit.
S.A.Y said its board of directors approved the unit's sale
because Omnilab was losing about 140,000 dlrs a quarter.
"We no longer se... | Corporate News |
SONESTA INTERNATIONAL HOTELS CORP <SNST> 4TH QTR
| Shr profit 26 cts vs loss 86 cts
Oper net profit 780,000 vs loss 2,609,000
Revs 12.2 mln vs 17.1 mln
Year
Oper shr profit 5.28 dlrs vs loss 1.11 dlrs
Oper net profit 16.1 mln vs loss 3,311,000
Revs 64.9 mln vs 69.8 mln
NOTE: 1986 year net excludes 598,000 dlr tax credit.
... | Financial Reports |
PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS
| Talks on the possibility of reintroducing
global coffee export quotas have been extended into today, with
sparks flying yesterday when a dissident group of exporters was
not included in a key negotiating forum.
The special meeting of the International Coffee
Organization (ICO) council was called to find... | Other |
<DOMCO INDUSTRIES LTD> 1ST QTR JAN 31 NET
| Shr four cts vs 12 cts
Net 248,000 vs 647,000
Revs 23.7 mln vs 21.9 mln
| Corporate News |
UNICORP AMERICAN <UAC> ACQUISITION ADVANCES
| Unicorp American Corp said it has
signed a definitive agreement for the previously-announced
acquisition of Lincoln Savings Bank.
The company said the transaction is still subject to
regulatory approvals.
| Corporate News |
FIRST EASTERN CORP <FEBC> COMPLETES ACQUISITION
| First Eastern Corp said it has
completed the acquisition of Peoples Bank of Nanticoke, Pa., in
an exchange of 11 First Eastern shares for each Peoples share.
Peoples has assets of about 24 mln dlrs.
| Commodities and Trade |
BISHOP GRAPHICS <BGPH> COMPLETES STORE SALE
| Bishop Graphics Inc
said it completed the sale of its Newport Beach Art Supply
Center to Standard Brands Paint Co's <SBP> Art Store unit.
Terms were not disclosed.
Bishop also said it has opened a new sales and service
office in Irvine, Calif.
| Commodities and Trade |
STRIKING BRAZILIAN SEAMEN HOLD PAY TALKS
| Striking Brazilian seamen, who say
they have made idle 158 ships and halted Brazilian exports,
today held pay talks in Rio de Janeiro with Labour Minister
Almir Pazzianotto, union officials said.
Jorge Luis Leao Franco, a senior official of the National
Merchant Marine Union, told Reuters he was optimis... | Corporate News |
FED'S JOHNSON SAYS DOLLAR IS VERY CLOSE TO APPROPRIATE EXCHANGE RATE LEVEL
|
FED'S JOHNSON SAYS DOLLAR IS VERY CLOSE TO APPROPRIATE EXCHANGE RATE LEVEL
| Commodities and Trade |
ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES
| The Italian treasury said annual coupon
rates payable March 1988 on two issues of long-term treasury
certificates (CCTs) would be cut by about four percentage
points compared with rates this March.
Coupon rates on 10-year certificates maturing March 1995
will fall to 9.80 pct from 13.65 pct and rates on... | Commodities and Trade |
BROWN GROUP INC <BG> VOTES REGULAR DIVIDEND
| Qtly div 37-1/2 cts vs 37-1/2 cts prior qtr
Pay 1 April
Record 16 March
| Financial Reports |
BLOCKER ENERGY CORP <BLK> YEAR NET
| Oper shr profit 11 cts vs loss 2.45 dlrs
Oper net profit 3,594,000 vs loss 81.9 mln
Revs 38.5 mln vs 48.2 mln
NOTE: 1986 net excludes 68.5 mln dlr gain from debt
extinguishment.
1985 net includes 72.0 mln dlr writedown of drilling rigs.
| Financial Reports |
LTX CORP <LTXX> 2ND QTR JAN 31 LOSS
| Shr loss 28 cts vs loss 32 cts
Net loss 2,585,000 vs loss 2,885,000
Sales 27.6 mln vs 23.5 mln
Avg shrs 9,352,000 vs 9,049,000
1st half
Shr loss 63 cts vs loss 94 cts
Net loss 5,867,000 vs loss 8,405,000
Sales 51.9 mln vs 43.7 mln
Avg shrs 9,349,000 vs 8,966,000
N... | Financial Reports |
YEUTTER SAYS U.S. BUDGET DEFICIT REDUCTION KEY TO TRADE DEFICIT SOLUTION
|
YEUTTER SAYS U.S. BUDGET DEFICIT REDUCTION KEY TO TRADE DEFICIT SOLUTION
| Other |
CALPROP CORP <CPP> 4TH QTR NET
| Shr 40 cts vs 25 cts
Net 1,369,602 vs 628,193
Revs 12.5 mln vs 4,909,369
Avg shrs 3,460,217 vs 2,610,913
Year
Shr 97 cts vs 54 cts
Net 2,952,830 vs 1,414,369
Revs 37.0 mln vs 13.5 mln
Avg shr 3,031,494 vs 2,609,313
Note: Prior qtr and year per share figures restat... | Commodities and Trade |
SIS CORP <SISB> YEAR NET
| Shr one ct vs nil
Net 9,949,000 vs 3,799,000
Revs 15.5 mln vs 13.5 mln
| Other |
AMOSKEAG CO <AMOS> SETS QUARTERLY
| Qtly div 30 cts vs 30 cts prior
Pay March 31
Record March Five
| Other |
MEDTRONIC INC <MDT> SETS QUARTERLY
| Qtly div 22 cts vs 22 cts prior
Pay April 30
Record April 10
| Corporate News |
SCITEX CORP <SCIXF> 4TH QTR LOSS
| Shr loss 46 cts vs loss 1.17 dlrs
Net loss 4,990,000 vs loss 12.8 mln
Revs 47.0 mln vs 42.3 mln
Year
Shr loss 3.08 dlrs vs loss 1.28 dlrs
Net loss 33.7 mln vs loss 13.3 mln
Revs 132.8 mln vs 132.5 mln
Avg shrs 10.9 mln vs 10.4 mln
NOTE: Includes losses of 501,000 vs 83,... | Other |
STANLEY WORKS <SWK> MAKES ACQUISITIONS
| Stanley Works said it has acquired Acme
Holding corp, a maker of sliding and folding door hardware, and
the designs, patents and other righs of Plan-A-Flex Designer
Co, which provides kits for home design and remodeling
projects.
It said Acme had 1986 sales of over 50 mln dlrs.
Terms were not disc... | Other |
ANITEC IMAGE TECHNOLOGY CORP <ANTC> SETS PAYOUT
| Qtly div 7-1/2 cts vs 7-1/2 cts prior
Pay April 10
Record March 27
| Market and Economy |
GREEN MOUNTAIN POWER CORP <GMP> SETS QUARTERLY
| Qtly div 45 cts vs 45 cts prior
Pay March 31
Record March 20
| Other |
DUAL-LITE INC <MDT> SETS QUARTERLY
| Qtly div eight cts vs eight cts prior
Pay May 11
Record April 24
| Other |
INDONESIAN AGRICULTURE GROWTH EXPECTED TO SLOW
| Indonesia"s agriculture sector will grow
by just 1.0 pct in calendar 1987, against an estimated 2.4 pct
in 1986 as the production of some commodities stagnates or
declines, the U.S. Embassy said in a report.
Production of Indonesia"s staple food, rice, is forecast to
fall to around 26.3 mln tonnes from ... | Other |
SCIENCE MANAGEMENT CORP <SMG> 4TH QTR OPER NET
| Oper shr profit 14 cts vs loss 31 cts
Oper net profit 374,000 vs loss 707,000
Revs 19.1 mln vs 15.5 mln
Avg shrs 2,610,000 vs 2,560,000
Year
Oper shr profit 20 cts vs loss 69 cts
Oper net profit 530,000 vs loss 1,376,000
Revs 69.1 mln vs 64.3 mln
Avg shrs 2,603,000 vs 2... | Other |
YEUTTER SAYS BUDGET CUT KEY TO BETTER U.S. TRADE
| A reduction of the U.S. federal budget
deficit will be needed to help eliminate the nation's huge
trade deficit, U.S. trade representative Clayton Yeutter said.
Speaking to the New York Chamber of Commerce and Industry,
Yeutter said "Capital and trade flows are clearly
inter-releated now.
"Unless ... | Other |
CARMEL CONTAINER SYSTEMS LTD<KML> YEAR OPER NET
| Oper shr 1.18 dlrs vs 58 cts
Oper net 2,266,000 vs 1,037,000
Revs 45.8 mln vs 41.4 mln
Avg shrs 1,924,000 vs 1,800,000
NOTE: Excludes gain of 73,000 dlrs vs 290,000 dlrs from
benefit of tax loss carryforward.
Results for Tel Aviv, Israel-based company translated at
rate of one dlr to... | Industrial and Sector News |
NEW CURRENCY PROBLEM SEEN AMONG U.S, EUROPE, JAPAN
| The highly visible drama involving the
yen's sharp rise against the U.S. Dollar is obscuring the fact
that the Japanese currency has hardly budged against major
European currencies, thus creating a new set of exchange rate
distortions, Japanese and European research officials said.
The officials, lookin... | Commodities and Trade |
TANDEM COMPUTERS <TNDM> SEES HIGHER NET
| Tandem Computers Inc said it expects
higher earnings and revenues in its second fiscal quarter
ending March 31 against a year ago.
"We feel we will continue to see higher growth in the
quarter," James Treybig, president and and chief executive
officer, told a meeting of securities analysts.
In the... | Market and Economy |
FED'S JOHNSON SAYS HE DOES NOT SEE INCREASING PRESSURE ON INTEREST RATES
|
FED'S JOHNSON SAYS HE DOES NOT SEE INCREASING PRESSURE ON INTEREST RATES
| Corporate News |
AUSTRALIA ATTACKS U.S. GATT FARM RULES EXEMPTION
| Australia accused the U.S. of increasing
protectionism on agricultural products and called for an end to
Washington's special 32-year exemption from certain GATT rules
on agricultural trade.
Robert Arnott, Australia's delegate to the General
Agreement on Tariffs and Trade (GATT), made the appeal at a
... | Commodities and Trade |
KUWAIT SAYS NO PLANS FOR EMERGENCY OPEC TALKS
| Kuwait"s Oil Minister, in remarks
published today, said there were no plans for an emergency OPEC
meeting to review oil policies after recent weakness in world
oil prices.
Sheikh Ali al-Khalifa al-Sabah was quoted by the local
daily al-Qabas as saying: "None of the OPEC members has asked
for such a me... | Commodities and Trade |
FIRST UNION <FUNC> TO BUY FLORIDA BANK
| First Union Corp said it has
agreed to acquire First State Bancshares Inc of Pensacola,
Fla., and its First State Bank of Pensacola subsidiary for
about 457,000 common shares.
First State has assets of about 110 mln dlrs. The
acquisition, expected to be treated as a pooling of interests,
is expected... | Commodities and Trade |
OPPENHEIMER RAISES NWA <NWA> EARNINGS ESTIMATE
| Oppenheimer and Co analyst Robert
McAdoo raised his 1987 earnings estimate for NWA Inc, parent of
Northwest Airlines, following a strong quarterly report by the
company yesterday, according to Oppenheimer market strategist
Michael Metz.
NWA shares rose 1-5/8 to 74-3/8 in active trading.
McAdoo rai... | Market and Economy |
HOUSE 0/92 FARM PROPOSAL SEEN SPARKING DEBATE
| A House Agriculture Committee meeting
later today to draft a disaster aid bill is expected to spark a
debate between lawmakers who want to expand the 0/92, or
"de-coupling," provision to cover feedgrains, and those who
oppose 0/92 or want it severely limited, Congressional sources
said.
The disaster a... | Commodities and Trade |
INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE
| Indonesia appears to be nearing a
political crossroads over measures to deregulate its protected
economy, the U.S. Embassy says in a new report.
To counter falling oil revenues, the government has
launched a series of measures over the past nine months to
boost exports outside the oil sector and attract... | Financial Reports |
YELLOW FREIGHT <YELL> SEES LOWER 1ST QTR NET
| Yellow Freight System Inc said
its expects 1987 first quarter profits to be substantially
below the 14.2 mln dlrs or 50 cts a share earned in the same
period a year ago.
Revenues have been depressed by recent price discounting,
added costs from expansion programs, lower shipping volumes and
increased ... | Commodities and Trade |
NOVA SUBSIDIARY RAISES U.S. POLYETHYLENE PRICES
| Novacor Inc, a unit of <Nova,
an Alberta Corp>, said it would raise prices for U.S. customers
by five cts a pound on linear low-density and low-density
polyethylene, effective April 1.
The company did not immediately disclose the actual new
prices.
A Novacor official later said in reply to an i... | Corporate News |
MOULINEX STAKE SOLD TO SOME 50 INSTITUTIONS
| The 20 pct stake in Moulinex SA <MOUP.PA>
sold by <Scovill Inc> of the U.S. Was spread among at least 50
institutional investors worldwide, a spokesman for brokers
James Capel said. Capel handled the deal.
The buyers were based in centers ranging from Europe to
North America and Japan, he added.
... | Corporate News |
TALKING POINT/PIEDMONT <PIE>
| Carl Icahn's bold takeover bid for
USAir Group <U> has clouded the fate of Piedmont Aviation Inc,
which was being courted by USAir.
Yesterday, Icahn's Transworld Airlines Inc <TWA> made a 1.4
billion dlr offer for USAir Group. The move complicated a USAir
takeover offer for Piedmont, which was bel... | Other |
BAKER INT'L <BKO> HOPES TO COMPLETE MERGER
| Baker International Corp treasurer Eric
Mattson said the company hoped to iron out snags in a proposed
merger with Hughes Tool Co <HT> but declined to say if or what
compromises might be acceptable to it.
The proposed merger that would create a 1.2 billion dlr
oilfield services company was thrown int... | Corporate News |
LUCKY STORES INC REINSTATES QUARTERLY DIVIDEND AT 12.5 CTS PER SHARE
|
LUCKY STORES INC REINSTATES QUARTERLY DIVIDEND AT 12.5 CTS PER SHARE
| Corporate News |
HOMESTEAD FINANCIAL <HFL> UPS CASH DIVIDEND
| Homestead Financial Corp
said it has increased the dividend on its Class A common shares
to 6-1/4 cts a share, from five cts prior, while declaring an
initial dividend on its Class B common stock of 3-3/4 cts a
share.
Homestead said the two classes of stock emerged as part of
its recapitalization plan... | Commodities and Trade |
ELECTRO-SENSORS INC <ELSE> YEAR OPER NET
| Oper shr 52 cts vs 51 cts
Oper net 626,013 vs 613,127
Sales 4,544,929 vs 4,402,572
NOTE: Earnings exclude extraordinary securities loss of
29,532 dlrs, or two cts a share vs a gain of 81,358 dlrs, or
seven cts a share
| Financial Reports |
CHINA ADDS, CANCELS WHEAT COMMITMENTS - USDA
| China has added 90,000 tonnes of U.S.
wheat to its purchases for delivery in the 1987/88 season and
cancelled 30,000 tonnes of wheat purchases for delivery in the
1986/87 season, the U.S. Agriculture Department said.
According to the department's Export Sales Report covering
transactions in the week end... | Other |
OPEC PRESIDENT SAYS OUTPUT WELL BELOW CEILING
| Opec Conference President Rilwanu Lukman
said the group was producing well below the 15.8 mln bpd
ceiling it set in December, partly because liftings had been
delayed or postponed by customers unwilling to pay fixed Opec
prices.
Lukman, during a brief visit to London on his way home from
Jamaica, told... | Corporate News |
LUCKY STORES INC <LKS> REINSTATES QUARTERLY DIV
| Qtly div 12.5 cts vs nil
Pay April 3
Record March 16
Note: in quarters preceeding 4th qtr, dividend was 29 cts.
| Industrial and Sector News |
CARMEL CONTAINER SYSTEMS LTD<KML> YEAR OPER NET
| Oper shr 1.18 dlrs vs 58 cts
Oper net 2,266,000 vs 1,037,000
Revs 45.8 mln vs 41.4 mln
Avg shrs 1,924,000 vs 1,800,000
NOTE: Excludes gain of 73,000 dlrs vs 290,000 dlrs from
benefit of tax loss carryforward.
Results for Tel Aviv, Israel-based company translated at
rate of one dlr to... | Commodities and Trade |
CUBAN CATTLE THREATENED BY DROUGHT
| Over 750,000 head of cattle are suffering
the effects of a severe shortage of feed as a result of a
prolonged drought in the normally rich sugar and cattle
producing province of Camaguey, the newspaper Granma reported.
The province produces 23 pct of Cuba's beef and is the
island's number two province i... | Other |
U.S. TO SET ORANGE JUICE DUTIES MONDAY
| The Commerce Department on Monday
will set final dumping duties on frozen orange juice from
Brazil, department officials said.
A preliminary duty of 8.54 pct was set last Oct 17 on the
imports, which run at about 700 mln dlrs a year. Commerce's
ruling on Monday will reset the duties on the basis of more... | Other |
LONGVIEW FIBRE CO <LFBR> QUARTERLY DIVIDEND
| Qtly div 40 cts vs 40 cts
Pay April 10
Record March 25
| Other |
BEI HOLDINGS LTD <BEIH> 1ST QTR JAN 31 NET
| Shr 13 cts vs eight cts
Net 1,364,712 vs 881,082
Rev 11.6 mln vs 11.5 mln
NOTE: Qtr includes extraordinary gain of 586,826 dlrs, or
six cts a share, versus 183,850 dlrs or two cts a share in
fiscal 1986's first qtr.
| Other |
ENDEVCO <EI> AGREES TO BUY MISSISSIPPI PIPELINE
| Endevco Inc said it has agreed to acquire
a 17.5-mile, 16-inch pipeline in Marion and Pearl River
Counties, Mississippi, for undisclosed terms.
The company said the pipeline was recently constructed from
the Poplarville gas field in Pearl River County to a proposed
interconnect with a pipeline operated ... | Corporate News |
ATLANTIC CITY ELECTRIC CO <ATE> SETS PAYOUT
| Qtly div 65-1/2 cts vs 65-1/2 cts prior
Pay April 15
Record March 19
| Corporate News |
KEMPER CORP <KEMC> REGULAR PAYOUT SET
| Qtly div 15 cts vs 15 cts previously
Pay May 29
Record May Eight
| Corporate News |
FFB <FFCT> SETS INITIAL QUARTERLY DIVIDEND
| FFB Corp, parent of the First
Federal Bank of Connecticut FSB, said it declared an initial
quarterly dividend of five cts per share.
The company said the dividend is payable March 31 to
holders of record March 17.
| Other |
ESQUIRE RADIO AND ELECTRONICS INC <EE> 4TH QTR
| Shr profit 15 cts vs profit four cts
Annual div 72 cts vs 72 cts prior yr
Net profit 72,000 vs profit 16,000
Revs 7,075,000 vs 2,330,000
12 mths
Shr profit 42 cts vs loss 11 cts
Net profit 203,000 vs loss 55,000
Revs 16.1 mln vs 3,971,000
NOTE: annual dividend payable A... | Corporate News |
UNION CARBIDE SAYS OPERATING PROFITS FOR 4th qtr WERE 181 MLN DLRS VS LOSS THREE MLN DLRS
|
UNION CARBIDE SAYS OPERATING PROFITS FOR 4th qtr WERE 181 MLN DLRS VS LOSS THREE MLN DLRS
| Market and Economy |
MONEY MARKET FUND ASSETS ROSE 552.5 MLN DLRS IN LATEST WEEK TO 237.46 BILLION
|
MONEY MARKET FUND ASSETS ROSE 552.5 MLN DLRS IN LATEST WEEK TO 237.46 BILLION
| Commodities and Trade |
COMBINED INTERNMATIONAL <PMA> SEES STRONG 1987
| Combined International Corp should have
another strong year, President Patrick G. Ryan told analysts,
although he declined to forecast earnings specifically.
In 1986, the company reported operating income of 5.51 dlrs
a share, up from 4.84 dlrs a share a year earlier. Revenues
increased to 1.81 billion ... | Financial Reports |
CANADA DLR DRIVEN BY FOREIGN BUYERS - WILSON
| Finance Minister Michael Wilson said
large inflows of capital into Canada, principally into the
country's bond market, is a major reason behind the sharp
recovery in the Canadian dollar.
He said the inflow of funds, mainly from Japan, Europe and
the United States, is the result of "confidence in the
d... | Corporate News |
CHARTWELL GROUP LTD <CTWL> 4th qtr net
| Shr nine cts vs three cts
Net 549,000 vs 72,000
Rev 7.0 mln vs 2.8 mln
Year
Shr 49 cts vs 32 cts
Net 2,441,000 vs 801,000
Rev 19.6 mln vs 9.7 mln
| Commodities and Trade |
CHINESE WHEAT CROP THREATENED BY PESTS, DISEASE
| China's wheat crop this year is seriously
threatened by plant pests and diseases, the New China News
Agency said.
More than 5 mln hectares of wheat-producing land in North
China could be affected because relatively warm and dry weather
had allowed bacteria and insect eggs to survive the winter, the
ag... | Other |
PITT-DES MOINES INC <PDM> TO ACQUIRE STEEL UNIT
| Pitt-Des Moines Inc said it will
acquire <Chicago Steel Corp> in exchange for a portion of its
stock.
| Other |
GIANT BAY <GBYLF> DETAILS GORDON LAKE DEPOSIT
| Giant Bay Resources
Ltd said a metallurgical study of its Gordon Lake gold deposit
indicated an overall recovery of 95 pct to 96 pct of the gold
can be achieved by either direct cyanidation of ore or
flotation followed by cyanidation of concentrate.
Continuation of an underground program on the property... | Other |
CONSENSUS BUILDS FOR WORLD AGRICULTURAL REFORM
| Top U.S. and European farm trade and
government representatives called for a sweeping reform of
world agriculture to redress a critical demand and supply
imbalance.
Speakers at a conference on world agricultural markets here
demonstrated a growing U.S.-European consensus on the need for
an urgent and ... | Financial Reports |
REXCOM <RXSC> TO ACQUIRE MARKETING FIRM
| Rexcom Systems Corp said it agreed to
buy all the assets of Postech Inc from Comtech Group
International Ltd, a Canadian computer service company, for 70
pct of Rexcom's voting shares.
The purchase will be for Rexcom common and preferred stock.
Postech, the Canadian firm's U.S. marketing arm, sells
... | Market and Economy |
SAUDI RIYAL DEPOSIT RATES REMAIN FIRM
| Saudi riyal interbank deposits were
steady at yesterday's higher levels in a quiet market.
Traders said they were reluctant to take out new positions
amidst uncertainty over whether OPEC will succeed in halting
the current decline in oil prices.
Oil industry sources said yesterday several Gulf Arab
... | Financial Reports |
ASCS BUYS PEANUT PRODUCTS, VEG OIL/SHORTENING
| The Agricultural Stabilization and
Conservation Service (ASCS) bought 2.3 mln pounds of peanut
products at a cost of 2.1 mln dlrs and 7.4 mln pounds of
vegetable oil/shortening for 2.0 mln dlrs, for domestic
distribution April 1-15 and April 16-30, an ASCS spokesman
said.
| Corporate News |
GENERAL REFRACTORIES CO <GRX> 4TH QTR NET
| Shr 17 cts vs 84 cts
Net 709,000 vs 3,605,000
Rev 86.4 mln vs 87.0 mln
Year
Shr 1.79 dlrs vs 1.10 dlrs
Net 7,452,000 vs 4,695,000
Rev 362.8 mln vs 316.0 mln
NOTE: 1986 net includes gains from sale of non-operating
assets of 800,000 dlrsm versus 1.2 mln dlrs in 1985.
1... | Corporate News |
HOUSE 0/92 FARM PLAN MARKUP DELAYED TILL TUESDAY
| A House Agriculture Committee meeting
to draft a disaster aid bill containing a controversial 0/92
provision has been postponed until next Tuesday, committee
staff members announced.
The bill contains a provision implementing a 0/92 acreage
reduction plan for 1986 wheat and 1987 winter wheat, thereby
... | Financial Reports |
UNION CARBIDE <UK> SAYS LONG TERM DEBT RISES
| Union Carbide Corp said its 1986
long term debt was 3.06 billion dlrs compared to 1.71 billion
dlrs in 1985.
The company released its audited 1986 results.
The company also said its long term debt was reduced by
about 1.5 billion dlrs from the third quarter to the end of the
year by asset sales an... | Other |
FIRST COMMERCIAL BANCORP <FCOB> 4TH QTR LOSS
| Shr loss 49 cts vs loss 1.36 dlrs
Net loss 928,835 vs loss 1,648,665
Year
Shr loss 33 cts vs loss 4.21 dlrs
Net loss 593,533 vs loss 4,970,951
Assets 203.9 mln
Loans 151.5 mln
Deposits 192.0 mln
Note: 1986 loss included non-recurring expenses of
1,275,000 dlrs compris... | Corporate News |
HARCOURT BRACE JOVANOVICH INC <HBJ> 4TH QTR NET
| Shr 23 cts vs 28 cts
Net 8,877,000 vs 9,530,000
Revs 342 mln vs 278.9 mln
Avg shrs 39.4 mln vs 34 mln
Year
Shr 1.91 dlrs vs 1.62 dlrs
Net 70.5 mln vs 50.5 mln
Revs 1.3 billion vs 990.5 mln
Avg shrs 37 mln vs 31.3 mln
NOTE: On Dec one, 1986, company acquired Holt, ... | Corporate News |
LONE STAR<LCE> AGREES TO BUY CONCRETE OPERATIONS
| Lone Star Industries Inc said
it has agreed to acquire ready-mixed concrete and aggregates
businesses from <Riedel International Inc> of Portland, Ore.,
for an undisclosed amount of cash.
Lone Star's one sentence statement gave no further details
and company spokesmen were not available.
| Financial Reports |
SHELL FRANCAISE RETURNS TO PROFIT IN 1986
| Shell Francaise <SFMF.PA>, a subsidiary of
<Shell Petroleum NV>, returned to the black last year for the
first time since 1982, with parent company net profit of 43 mln
francs against losses of 968 mln in 1985 and 1.07 billion in
1984. In 1982 it posted a profit of 329 mln.
The company said in a s... | Market and Economy |
BRAZIL SUSPENDS IMPORT OF 500,000 TONNES MAIZE
| Brazil has suspended the importation
of 500,000 tonnes of maize ordered last year because of the
excellent domestic maize harvest expected this year,
Agriculture Minister Iris Resende said.
The Agriculture Ministry expects a record maize crop of
27.7 mln tonnes, a 36 pct increase on last year's crop of ... | Financial Reports |
FAIRMOUNT CHEMICAL CO INC <FMTC> 4TH QTR LOSS
| Shr loss 28 cts vs loss 29 cts
Net loss 584,100 vs loss 459,500
Sales 1,339,800 vs 1,6390,800
Year
Shr loss 64 cts vs loss 79 cts
Net loss 1,314,700 vs loss 1,237,100
Sales 7,249,600 vs 6,311,500
| Other |
HUMANA INC <HUM> REGULAR DIVIDEND
| Qtly div 19 cts vs 19 cts in prior qtr
Payable May one
Record April two
| Other |
U.S. COMMERCIAL PAPER FALLS 1.27 BILLION DLRS IN FEB 25 WEEK, FED SAYS
|
U.S. COMMERCIAL PAPER FALLS 1.27 BILLION DLRS IN FEB 25 WEEK, FED SAYS
| Corporate News |
N.Y. BUSINESS LOANS RISE 523 MLN DLRS IN FEB 25 WEEK, FED SAYS
|
N.Y. BUSINESS LOANS RISE 523 MLN DLRS IN FEB 25 WEEK, FED SAYS
| Other |
FINANCIAL CORP <FIN> UNIT BUYS BRANCHES
| Financial Corporation of
America's American Savings and Loan Association unit said it
signed a definitive agreement to buy three retail savings
branches from Gibraltar Financial Corp's <GFC> Gibraltar
Savings unit.
The purchase, which must be approved by the Federal Home
Loan Bank and the Californi... | Commodities and Trade |
PORK DELEGATES VOTE ON FARM BILL, FARM CREDIT
| Delegates from the National Pork
Producers Council, NPPC, attending the American Pork Congress
in Indianapolis, voted overwhelmingly to recommend the U.S.
congress not to change the farm bill. While there are no
specific pork items in that legislation, feed grain prices
directly affect pork producer profits... | Other |
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