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Cocoa Council agrees new buffer stock rules - delegates
|
Cocoa Council agrees new buffer stock rules - delegates
| Financial Reports |
MARS STORE <MXXX> SEES QTR, YEAR LOSS AND CHARGE
| Mars Store Inc said it
expects to report a loss of about 800,000 dlrs for the fourth
quarter and about 1.1 mln dlrs for the fiscal year ended
January 31.
As a result of the loss, the company said it has decided to
discontinue the operations of its Big Value Outlets division,
which will result in a yet... | Corporate News |
HONEYWELL <HON> COMPLETES COMPUTER BUSINESS SALE
| Honeywell Inc said it has
completed the sale of 57.5 pct of its Honeywell Information
Systems <HIS> computer business to <Compagnie des Machines
Bull> of France and <NEC Corp> of Japan for 527 mln dlrs in
cash.
Honeywell said it will use much of the money to reduce
short-term debt incurred la... | Financial Reports |
DEALERS SAY FED INTERVENED BUYING DOLLARS IN U.S.
| U.S. dealers said the New York Federal
Reserve Bank has intervened in the foreign exchange market
today buying dollars against yen.
Fed officials do not comment on such intervention, but
dealers said it appeared that the Fed had intervened when the
dollar reached 147.50 yen in New York.
The dollar... | Other |
<INNOPAC INC> SIX MTHS FEBRUARY 28 NET
| Shr 22 cts vs 45 cts
Net 3,100,000 vs 5,100,000
Revs 103.4 mln vs 98.2 mln
| Financial Reports |
CORNERSTONE FINANICAL CORP <CSTN> SETS PAYOUT
| Qtrly div eight cts vs eight cts prior
Pay May 15
Record April 10
| Financial Reports |
PEGASUS GOLD <PGULF> STARTS MILLING IN MONTANA
| Pegasus Gold Inc said
milling operations have started at its Montana Tunnels open-pit
gold, silver, zinc and lead mine near Helena.
The start-up is three months ahead of schedule and six mln
dlrs under budget, the company said. Original capital cost of
the mine was 57.5 mln dlrs, but came in at 51.5 mln... | Financial Reports |
LOWER ASCS CORN PRICES TO AFFECT TEN STATES
| The Agriculture Department's
widening of Louisiana gulf differentials will affect county
posted prices for number two yellow corn in ten states, a USDA
official said.
All counties in Iowa will be affected, as will counties
which use the gulf to price corn in Illinois, Indiana,
Tennessee, Kentucky, Mis... | Financial Reports |
GREECE BUYS 55,000 TONNES FRENCH MAIZE - TRADE
| Greece bought a total of 55,000 tonnes of
French maize when it tendered yesterday, initially for 30,000
tonnes of April delivery, trade sources said.
They said 25,000 tonnes, to be shipped from Bordeaux, were
sold at 1,603 francs per tonne fob, 15,000 tonnes from Rouen at
1,596 francs fob and 15,000 ton... | Corporate News |
CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
|
CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
| Financial Reports |
COCOA BUFFER STOCK RULES TO TAKE EFFECT IMMEDIATELY - DELEGATES
|
COCOA BUFFER STOCK RULES TO TAKE EFFECT IMMEDIATELY - DELEGATES
| Financial Reports |
DROUGHT CUTS CHINESE WHEAT CROP -- USDA REPORT
| Drought has resulted in a reduction
in China's estimated wheat crop this year to 87.0 mln tonnes,
2.0 mln below last year's harvest, the U.S. Agriculture
Department's officer in Peking said in a field report.
The report, dated March 25, said imports in the 1987/88
season are projected at 8.0 mln tonnes,... | Financial Reports |
CISTRON BIOTECHNOLOGY <CIST> SETS DIVIDEND
| Cistron Biotechnology Inc said
it will pay a stock dividend declared prior to the initial
public offering of its common stock in August 1986 to
stockholders of record prior to the common offering.
Payment of the dividend was contingent on the closing bid
price of the common stock averaging two dlrs or m... | Financial Reports |
WERNER ENTERPRISES INC <WERN> 4TH QTR, YR NET
| Qtr ends Feb 28
Shr 18 cts vs 10 cts
Net 2,051,000 vs 901,000
Revs 25.8 mln vs 19.2 mln
Avg shrs 10.7 mln vs 9,059,600
12 mths
Shr 87 cts vs 63 cts
Net 9,020,000 vs 5,680,000
Revs 94.4 mln vs 73.7 mln
Avg shrs 10.3 mln vs 9,059,600
| Financial Reports |
SUGAR QUOTA IMPORTS DETAILED -- USDA
| The U.S. Agriculture Department said
cumulative sugar imports from individual countries during the
1987 quota year, which began January 1, 1987 and ends December
31, 1987 were as follows, with quota allocations for the quota
year in short tons, raw value --
CUMULATIVE QUOTA 1987
... | Financial Reports |
CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
|
CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
| Financial Reports |
<REVENUE PROPERTIES CO LTD> YEAR LOSS
| Shr loss eight cts vs loss 24 cts
Net loss 1,150,000 vs loss 3,450,000
Revs 55.7 mln vs 78.1 mln
| Commodities and Trade |
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
| The Federal Reserve entered the U.S.
Government securities market to arrange one billion dlrs of
customer repurchase agreements, a Fed spokesman said.
Dealers said Federal funds were trading at 6-1/8 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
| Other |
ICCO COUNCIL AGREES COCOA BUFFER STOCK RULES
| The International Cocoa Organization
(ICCO) Council reached agreement on rules to govern its buffer
stock, the device it uses to keep cocoa off the market to
stabilise prices, ICCO delegates said.
The date on which the new rules will take effect has not
been decided but delegates said they expected them... | Corporate News |
COCOA BUFFER STOCK RULES EFFECTIVE IMMEDIATELY
| The cocoa buffer stock rules just
decided by the International Cocoa Organization, ICCO, council
will take effect immediately, delegates said.
That means the buffer stock manager is likely to begin
buying cocoa within two or three weeks, after organizing
communication systems and assessing the market, t... | Financial Reports |
SOUTHAM TO SELL 49 PCT INTEREST IN BRANDON SUN
| <Southam Inc> said it agreed to sell
its 49 pct interest in Sun Publishing Co Ltd, which publishes
The Brandon Sun, to majority shareholder publisher Lewis D.
Whitehead.
Terms were not disclosed.
Southam said the proposed sale resulted from an offer made
by Whitehead, whose family has had major... | Corporate News |
GLAMIS GOLD <GLGVF> SETS COMMON STOCK SPLIT
| Glamis Gold Ltd
said it will ask shareholders at an April 1 extraordinary
general meeting to approve a one-and-one-half for one common
share split.
Record date for the split will be set in the near future,
the company said.
| Financial Reports |
NUCLEAR METALS <NUCM> HAS DELAY IN ORDERS
| Nuclear Metals Inc said a delay
in receiving certain new orders will result in negligible
earnings per share for its fiscal second quarter.
However, the company said it has been assured that the
orders will be placed beginning in its fiscal third quarter and
that it expects a strong rebound in earnings ... | Corporate News |
FIRST SARASOTA HOLDERS APPROVE ACQUISITIONS
| First Sarasota Bancorp said
its shareholders approved the acquisition of its City
Commercial Bank subsidiary by First Union Corp's <FUNC> First
Union National Bank of Florida.
The purchase price of the outstanding shares is about 8.6
mln dlrs.
The transaction, subject to regulatory approval, is... | Corporate News |
JAMAICA BUYS U.S. PL-480 CORN, WHEAT AND RICE
| Jamaica bought U.S. corn, wheat and
rice at its tender earlier this week using PL-480 funds, a U.S.
Department of Agriculture official said.
The purchase consisted of the following cargoes -
- Cargill sold 1,503.5 tonnes of number two soft red winter
(SRW) wheat for May 5/30 shipment at 117.44 dlrs per... | Financial Reports |
MCLEAN INDUSTRIES <MII> UNIT TRANSERS SERVICE
| McLean Industries Inc said its
shipping subsidiary, United States Lines Inc, reached an
agreement in principle to transfer its South American service
to American Transport Lines Inc, a subsidiary of <Crowley
Maritime Corp>.
Under the terms of the agreement, United States Lines will
lease five vesse... | Corporate News |
HUNGARIAN ECONOMY CONTINUES UNFAVOURABLE TREND
| Hungary's economy and hard currency
trade have failed so far this year to reverse a two-year
unfavourable trend, the official Hungarian news agency MTI
said.
Industrial production in January and February was only 1.3
pct up on the same 1986 period, MTI said, while hard currency
exports fell six pct as... | Financial Reports |
NOBLE AFFILIATES <NBL> FINDS NATURAL GAS
| Noble Affiliates Inc said it
found natural gas on Ship Shoal 80, located about 10 miles
offshore Louisiana in the Gulf of Mexico.
The discovery well, Samedan Oil Corp's OCS-G 5537 Well
Number One, was drilled in 25 feet of water to a total depth of
7,500 feet and found 38 feet of net gas pay in a 48-foo... | Financial Reports |
SOURCE VENTURE CAPITAL INC YEAR
| Shr profit nil vs loss nil
Net profit 68,895 vs loss 160,893
Revs 3.3 mln vs 104,801
| Financial Reports |
LSB <LSB> IN PACT TO ACQUIRE NORTHWEST FEDERAL
| LSB Industries Inc said it
entered into an agreement to acquire Northwest Federal Savings
and Loan Association of Woodward, Oklahoma.
Upon completion of the acquisition, LSB would pay about 1.5
mln dlrs to the shareholders of Northwest and transfer to
Northwest Federal certain assets having a net curren... | Corporate News |
<BRAMALEA LTD> YEAR NET
| Shr 73 cts vs 55 cts
Net 26.0 mln vs 17.1 mln
Revs 673.3 mln vs 394.5 mln
Avg shrs 29.3 mln vs 22.4 mln
| Corporate News |
REAGAN READY TO IMPOSE TRADE CURBS AGAINST JAPAN
| President Reagan was ready to impose
retaliatory trade action against Japan for breaking its
semiconductor agreement with the United States, White House
officials said.
There was no immediate indication when Reagan might act on
the recommendations of his Economic Policy Council to curb
Japanese export... | Financial Reports |
SOUTH AFRICA GDP UP 4.7 PCT IN 1986 LAST QUARTER
| The South African Reserve Bank,
confirming previous estimates, said real gross domestic product
in the 1986 fourth quarter grew at a seasonally adjusted annual
rate of 4.7 pct versus 4.6 pct in the third quarter and 1.3 pct
in the 1985 final quarter.
The bank, in its latest quarterly review, said the no... | Commodities and Trade |
SOUTHWESTERN PUBLIC SERVICE CO<SPS> 2ND QTR NET
| Shr 42 cts vs 42 cts
Net 19.1 mln vs 19.5 mln
Revs 184.9 mln vs 185.1 mln
12 mths
Shr 2.17 dlrs vs 2.53 dlrs
Net 97.0 mln vs 111.8 mln
Revs 793.3 mln vs 828.8 mln
Avg shrs 40.9 mln vs 40.5 mln
NOTE: Year-ago restated.
| Industrial and Sector News |
<L.B. NELSON CORP> 4TH QTR NET
| Shr loss two cts vs loss 1.38 dlrs
Net profit 34,000 vs loss 3,296,000
Revs 3,121,000 vs 1,546,000
Year
Shr profit 28 cts vs loss 1.61 dlrs
Net profit 1,088,000 vs loss 3,546,000
Revs 5,266,000 vs 4,169,000
Note: Current qtr per share figure adjusted to reflect
provision fo... | Corporate News |
SOUTHWESTERN BELL VOTES THREE-FOR-ONE STOCK SPLIT, 8.8 PCT DIVIDEND INCREASE
|
SOUTHWESTERN BELL VOTES THREE-FOR-ONE STOCK SPLIT, 8.8 PCT DIVIDEND INCREASE
| Financial Reports |
ANALYSTS PEG U.S. COTTON SEEDINGS 10.6 MLN ACRES
| U.S. cotton farmers are likely to
plant about 10.6 mln acres in the coming season, based on an
average of estimates offered by cotton market analysts gearing
up for the U.S. Agriculture Department's 1987 planting
intentions report next Tuesday.
The annual report gives cotton traders their first glimpse
... | Corporate News |
IMATRON INC <IMAT> 4TH QTR LOSS
| Shr loss 16 cts vs loss seven cts
Net loss 3,450,000 vs loss 1,508,000
Sales 56,000 vs 1,187,000
Avg shrs 22,568,000 vs 20,591,000
Year
Shr loss 38 cts vs loss 29 cts
Net loss 7,977,000 vs loss 6,005,000
Sales 3,699,000 vs 2,391,000
Avg shrs 21,111,000 vs 20,578,000
... | Commodities and Trade |
NATO CALLS ON GREECE AND TURKEY TO AVOID FORCE
| Greece and Turkey's NATO allies today
called on both countries to avoid any action that could
aggravate an explosive situation in the Aegean and "avoid
recourse to force at all costs."
After an emergency meeting of NATO ambassadors, a statement
was issued saying "the present situation damages the intere... | Other |
PLAZA GROUP COMPLETES MERGER TRANSACTION
| <Plaza Group> said it completed a
transaction in which it merged its wholly owned subsidiary,
Flyfaire International Inc, into Shefra Inc, a public company,
in return for a controlling interest in Shefra.
With completion of the merger, Shefra changed its name to
Flyfaire International Inc.
Flyf... | Financial Reports |
CONAGRA INC <CAG> REGULAR DIVIDEND SET
| Qtly div 14-1/2 cts vs 14-1/2 cts prior
Pay June One
Record April 24
| Financial Reports |
LLC <LLC>, AMALGAMATED REPORT SIX MONTHS NET
| Valhi Inc reported earnings of LLC Corp
and the Amalgamated Sugar Co for the six month period ended
December 31.
Effective March 10, Amalgamated merged into LLC, which
changed its name to Valhi. The following results reflect the
operations of the companies prior to the merger.
LLC Corp reported ne... | Other |
GROS DENIES COURT ACTION AGAINST BRAZIL
| Central Bank president Francisco Gros
denied rumours that foreign creditors had filed court actions
against Brazil to seek payment of its 109-billion dlr debt.
"There is no court action against Brazil," Gros said in a
television interview.
Brazil last month suspended interest payments on its 68
bi... | Financial Reports |
TALKING POINT/GOLD
| The price of gold bullion and share
prices of North American gold stocks are benefiting from
continued weakness in the U.S. dollar, analysts said.
"There's been a tug of war between the (currency)
speculators and the central banks over the U.S. dollar and it
looks like the game has gone to the speculato... | Financial Reports |
SOUTHWESTERN BELL<SBC> VOTES SPLIT, UPS PAYOUT
| Southwestern Bell Corp said its board
voted a three-for-one stock split and increased the dividend
8.8 pct to 1.60 dlrs a share.
On a post-split basis, the increased dividend will be 58
cts a share, payable May One to holders of record April 10.
Southwestern Bell said the stock split is
its first.... | Financial Reports |
HONEYWELL BULL SEES REVENUE GROWTH
| Honeywell Bull Inc, owned by Honeywell
Inc <HON>, <Cie des Machines Bull> and <NEC Corp>, said it
expects its 1987 revenues to increase 15 to 20 pct over its
current level of about 1.9 billion dlrs.
Honeywell Bull president Jerome Meyer also told the press
conference the company was profitable,... | Financial Reports |
HANSON <HAN> TO SELL BOND'S DELIVERY SERVICE
| Hanson Industries, the U.S. arm of
Hanson Trust PLC, said contracts have been exchanged in London
for the sale of Bond's Delivery Service to Rockwood Holdings
PLC for about 6.0 mln dlrs in cash.
Completion is subject to Rockwood shareholder approval.
In its most recent financial year, Bond's which w... | Financial Reports |
U.S. PRICE DATA SUGGEST MODERATE INFLATION
| Latest consumer price data indicate
U.S. inflation will be moderate in 1987 even though it will be
above last year's pace, economists said.
"Inflation is not such a constructive factor as this time
last year, but it's not building up a large head of steam,"
said Allan Leslie of Discount Corp.
U.S.... | Other |
WESTINGHOUSE INTERESTED IN MERGER OF RADIO UNIT
| Westinghouse Electric Corp <WX> said
it is still open to a merger of its radio operations with
General Electrics Co's <GE> NBC radio operations.
"We have left the door open and GE is reassessing the
merger and so are we," Westinghouse chairman Douglas Danforth
told Reuters at the conclusion of a m... | Financial Reports |
COMPUTER NETWORK TECHNOLOGY <CMNT> 4TH QTR LOSS
| Shr loss eight cts vs loss eight cts
Net loss 655,457 vs loss 566,429
Rev 258,712 vs nil
Year
Shr loss 31 cts vs loss 26 cts
Net loss 2,725,882 vs loss 1,759,675
Rev 349,070 vs nil
NOTE: Company's full name is Computer Network Technology
Corp. 1985 revenues n.a. because 198... | Financial Reports |
BIFFEX LOOKING TO JOIN NEW FUTURES EXCHANGE
| The Baltic International Freight Futures
Exchange (BIFFEX) said it agreed to pursue negotiations with
other futures markets on the Baltic Exchange with a view to
merging into a new futures exchange.
Legal advisers have already been instructed to implement
amalgamation of the London Potato Futures Associ... | Commodities and Trade |
<CANADIAN SATELLITE COMMUNICATIONS> SIX MTHS NET
| Period ended February 28
Oper shr profit six cts vs loss 15 cts
Oper profit 474,000 vs loss 1,175,000
Revs 17,946,000 vs 9,271,000
Note: Current shr and net exclude tax gain of 513,000 dlrs
or five cts share
full name <Canadian Satellite Communications Inc>
| Financial Reports |
FRENCH MINISTERIAL MEETING HELD ON CGCT SALE
| Finance Minister Edouard Balladur,
Industry Minister Alain Madelin and Telecommunications Minister
Gerard Longuet met for more than an hour today to discuss the
imminent sale of the French telephone switching group <Cie
Generale de Constructions Telephoniques>, a spokesman for
Longuet said.
No deci... | Financial Reports |
DEAN FOODS CO <DF> 3RD QTR NET
| Shr 35 cts vs 40 cts
Net 9,246,000 vs 10,719,000
Sales 367.9 mln vs 315.1 mln
Nine mths
Shr 1.03 dlrs vs 1.13 dlrs
Net 27,490,000 vs 30,160,000
Sales 1.06 billion vs 915.3 mln
| Financial Reports |
DEAN FOODS CO <DF> RAISES DIVIDEND
| Qtly div 13-1/2 cts vs 11-1/2 cts prior
Pay June 15
Record May 22
| Financial Reports |
DOSKOCIL <DOSK> SHAREHOLDERS VOTE REVERSE SPLIT
| Doskocil Cos Inc said its
shareholders approved a one-for-10 reverse stock split, which
is expected to become effective by April 30.
The company said the reverse split will reduce the its
outstanding shares to about six mln from 60 mln.
| Financial Reports |
U.S. ENERGY COSTS ROSE IN FEBRUARY BY 1.9 PCT
| Consumer energy costs rose 1.9 pct
in February following a sharp rise last month, the Labor
Department said.
The February increase in the overall energy costs,
including petroleum, coal and natural gas, followed a 0.2 pct
drop in December and a 3.0 pct rise in January, it said.
Energy prices were ... | Corporate News |
COLD AIR A THREAT TO SOME U.S. HARD WHEAT AREAS
| A cold air mass working its way
south from Canada may pose a threat to developing hard red
winter wheat in Oklahoma, according to Eugene Krenzler, wheat
specialist for the Oklahoma Cooperative Extension.
"There is some threat. Some of the crop is far enough along
so that it's probably vulnerable," Krenz... | Commodities and Trade |
SMALL QUANTITY OF UK WHEAT SOLD TO HOME MARKET
| A total of 2,435 tonnes of British
intervention feed wheat were sold at today's tender for the
home market out of requests for 3,435 tonnes, the Home Grown
Cereals Authority, HGCA, said.
Price details were not reported.
No bids were submitted for intervention barley.
| Corporate News |
EDUCATION SYSTEMS <ESPC> YEAR NET
| Shr 27 cts vs 34 cts
Net 174,390 vs 222,720
Revs 4,948,622 vs 4,516,042
Note: Current net includes non-recurring loss on
investments of 82,034.
Full name is Education Systems and Publications Corp.
| Financial Reports |
BORG-WARNER UP AMID RUMORS IRWIN JACOBS SOLD STOCK, ARBITRAGEURS SAY
|
BORG-WARNER UP AMID RUMORS IRWIN JACOBS SOLD STOCK, ARBITRAGEURS SAY
| Commodities and Trade |
CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL
|
CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL
| Corporate News |
HENLEY GROUP <HENG> UNIT WINS TAIWAN CONTRACT
| Henley Group Inc's M.W. Kellogg Co unit
said it was selected by <Chinese Petroleum Corp> to design,
engineer and build a ethylene plant at Chinese
Petroleum's Kaohsiung refinery in Taiwan.
Terms of the contract were not disclosed, but Kellogg said
the total cost of the plant will be 300 mln dlrs.
... | Corporate News |
MCLEAN'S <MII> U.S. LINES SETS SALE OF ASSETS
| McLean Industries Inc said its
two shipping subsidiaries -- UNITED States Lines Inc and United
States Lines (S.A.) Inc -- have agreed in principle to dispose
of substantially all their remaining operating shipping assets.
The units have been operating under protection of Chapter
11 of the U.S. Bankruptc... | Corporate News |
COCOA BUFFER DIFFERENTIALS DETAILED
| The International Cocoa Organization
(ICCO) council agreed standard price differentials for
different origin cocoas to form part of the buffer stock buying
and selling procedure, consumer delegates said.
The buffer stock manager will accept offers for different
origin cocoas according to a sliding scale... | Financial Reports |
MINSTAR INC SAID IT SOLD ALL 10 MLN OF ITS BORG-WARNER SHARES
|
MINSTAR INC SAID IT SOLD ALL 10 MLN OF ITS BORG-WARNER SHARES
| Market and Economy |
COCOA COUNCIL MEETING ENDS AFTER AGREEING RULES
| The International Cocoa Organization
(ICCO) council adjourned after agreeing buffer stock rules for
the 1986 International Cocoa Agreement, an ICCO spokesman said.
The buffer stock will begin operations immediately, he
said.
He confirmed delegate reports that the buffer stock manager
will trade co... | Financial Reports |
MINSTAR INC SAID IT IS STILL INTERESTED IN ACQUIRING BORG-WARNER
|
MINSTAR INC SAID IT IS STILL INTERESTED IN ACQUIRING BORG-WARNER
| Corporate News |
U.S. URGES RESTRAINT IN AEGEAN
| The United States said it was doing
what it could to ease tension in the Aegean as Greek and
Turkish warships headed for a possible clash over oil drilling
rights on the sea's continental shelf.
State Department spokesman Charles Redman told reporters,
"We have urged both sides to exercise restraint and... | Corporate News |
FIRST FEDERAL SAVINGS <FFKZ> YEAR NET
| Shr 78 cts vs one dlr
Net 1,413,000 vs 1,776,000
Assets 705.3 mln vs 597.3 mln
Deposits 495.6 mln vs 493.9 mln
Loans 260.0 mln vs 379.7 mln
Qtly div six cts vs six cts prior qtr
Pay April 1
Record March 6
NOTE: 1986 net includes charges from accounting changes,
from ... | Financial Reports |
CARGILL U.K. STRIKE TALKS ADJOURN TO TUESDAY
| Talks between management and unions at
Cargill U.K. Ltd's oilseed processing plant at Seaforth
adjourned today without a solution to the three month old
strike, a company spokesman said.
Negotiations will resume next Tuesday, he said.
| Financial Reports |
CANADIAN MONEY SUPPLY M-1 FALLS 555 MLN DLRS IN WEEK, BANK OF CANADA SAID
|
CANADIAN MONEY SUPPLY M-1 FALLS 555 MLN DLRS IN WEEK, BANK OF CANADA SAID
| Financial Reports |
NEW LME ALUMINIUM CONTRACT WELCOMED BY TRADE
| The London Metal Exchange's, LME,
decision to introduce a dollar-denominated aluminium contract,
with the Port of Singapore listed as a delivery point, is a
positive move, physical traders and LME dealers said.
Earlier this week the LME declared that a 99.70 pct minimum
purity aluminium contract would c... | Corporate News |
CANADIAN MONEY SUPPLY FALLS IN WEEK
| Canadian narrowly defined money supply
M-1 fell 555 mln dlrs to 32.42 billion dlrs in week ended March
18, Bank of Canada said.
M-1-A, which is M-1 plus daily interest chequable and
non-personal deposits, fell 559 mln dlrs to 74.86 billion dlrs
and M-2, which is M-1-A plus other notice and personal
fi... | Corporate News |
CORNING GLASS WORKS<GLW> BUYS FIBER-OPTIC STAKE
| Corning Glass Works said it
bought a 50 pct interest in Technology Dynamics Inc, a
Woodinville, Wash., company involved in research and
development of fiber-optic sensors.
The purchase price was not disclosed.
Privately held Technology Dynamics plans to introduce its
first line of fiber-optic sens... | Financial Reports |
FIRST NATIONAL CORP <FTNC> 4TH QTR
| Shr loss 29 cts vs loss 15 cts
Net loss 513,542 vs loss 263,708
Revs 38,000 vs nil
Year
Shr loss 24 cts vs loss 10 cts
Net loss 417,552 vs loss 142,010
Revs 171,000 vs nil
| Corporate News |
BEARD CO <BEC> YEAR LOSS
| Shr loss 57 cts vs profit 3.02 dlrs
Net loss 3,606,000 vs profit 8,294,000
Revs 15.3 mln vs 23.9 mln
Note: Net includes gains from sale of USPCI Inc <UPC> stock
of 1.5 mln vs 20.5 mln
Year-ago net includes loss from discontinued operations of
10.3 mln.
| Corporate News |
ESSEX COMMUNICATIONS CORP <ESSXA> YEAR LOSS
| Shr loss 47 cts vs loss 63 cts
Net loss 1,450,000 vs loss 1,930,000
Revs 14.7 mln vs 13.3 mln
Note: Year-ago resulted restated to exclude Michigan cable
systems sold in 1985.
| Financial Reports |
GRAIN SHIPS LOADING AT PORTLAND
| There were seven grain ships loading and
six ships were waiting to load at Portland, according to the
Portland Merchants Exchange.
| Corporate News |
DENNING MOBILE ROBOTICS INC <GARD> 4TH QTR LOSS
| Shr loss nine cts loss 12 cts
Net loss 585,866 vs loss 455,866
Avg shrs 6,841,638 vs 3,651,505
Year
Shr loss 34 cts vs loss 54 cts
Net loss 2,158,709 vs loss 1,931,397
Avg shrs 6,296,701 vs 3,586,914
Note: Company has no revs as it is in product development
stage. Shr and a... | Commodities and Trade |
SCOTT'S LIQUID GOLD INC YEAR OPER NET
| Oper shr two cts vs 10 cts
Oper net 162,300 vs 773,400
Revs 16.6 mln vs 16.5 mln
Avg shrs 8,282,480 vs 8,045,493
NOTE: Excludes gains of 138,000 dlrs or two cts/shr vs
733,000 dlrs or nine cts from benefit of tax loss
carryforwards.
| Financial Reports |
LABOR DEPT REPORTS U.S. REAL EARNINGS ROSE 0.6 PCT IN FEB AFTER BEING UNCHANGED IN JAN
|
LABOR DEPT REPORTS U.S. REAL EARNINGS ROSE 0.6 PCT IN FEB AFTER BEING UNCHANGED IN JAN
| Corporate News |
U.S. REAL EARNINGS ROSE 0.6 PCT IN FEBRUARY
| The average weekly earnings of U.S.
workers after adjustment for inflation and seasonal changes
rose 0.6 pct in February after being unchanged in January, the
Labor department said.
The department had earlier reported that real earnings fell
0.3 pct in January but revised the figure to show earnings
u... | Corporate News |
TAIWAN TO STUDY SUSPENDING FOREX CONTROLS
| Premier Yu Kuo-Hua ordered financial
officials to quicken the pace of relaxing foreign exchange
controls and study the possibility of suspending the controls,
a cabinet statement said.
The statement quoted Yu as telling Finance Ministy and
Central Bank officials the relaxation was needed to help reduce
... | Commodities and Trade |
JAPAN'S CHIP MAKERS ANGERED BY U.S. SANCTION PLANS
| Japanese computer chip makers reacted
angrily to news the United States plans to take retaliatory
action against them for allegedly failing to live up to an
agreement on trade in computer microchips.
Electronic Industries Association of Japan (EIAJ) Chairman
Shoichi Saba stated: "EIAJ believes that it i... | Financial Reports |
OVERSEA-CHINESE BANKING CORP LTD <OCBM.SI> YEAR
| Shr 21 cts vs 20 cts
Fin Div 8.0 cts gross vs 9.0 cts
Group net 104.8 mln dlrs vs 100.9 mln
Note - Fin div pay June 6, record May 19.
| Corporate News |
UNITED OVERSEAS BANK LTD <UOBM.SI> YEAR
| Shr 26.9 cts vs 25.1 cts
Fin Div 8.0 pct gross vs 8.0 pct
Group net 106.1 mln dlrs vs 99.0 mln
Note - Fin div pay May 25, record April 18.
| Financial Reports |
STRAITS TRADING CO LTD <STCM.SI> YEAR
| Shr 8.7 cts vs 7.7 cts
Fin div 9.0 cts vs 9.0 cts
Group net 23.5 mln dlrs vs 20.8 mln
Turnover 212.7 mln dlrs vs 595.4 mln
Note - Fin div pay May 27, record May 23. REUTER
| Corporate News |
SINGAPORE LAND LTD <LNDH.SI> FIRST HALF FEB 28
| Shr 8.43 cts vs 9.61 cts
Int div nil vs nil
Group net 7.8 mln dlrs vs 8.9 mln
Turnover 30.6 mln dlrs vs 33.5 mln
Note - The company said group net profits for the year
ending this Aug 31 should amount to 13.5 mln dlrs.
| Corporate News |
IVORIAN CHOSEN COCOA COUNCIL EXECUTIVE DIRECTOR
| Edouard Kouame, Ivorian delegate to the
International Cocoa Organization (ICCO), was chosen Executive
Director of the ICCO, effective October 1, ICCO officials said.
Kouame will succeed Dr. Kobena Erbynn of Ghana in the post.
| Corporate News |
MALAYSIA EXPECTS RUBBER SHORTAGE IN APRIL/MAY
| Malaysia said it expects a natural
rubber shortage in April and May because of the effects of
current wintering on rubber trees.
The expected shortage and stronger demand for rubber goods,
especially condoms and surgical gloves by consumers, is likely
to push up prices, the Malaysian Rubber Exchange and... | Corporate News |
ZIMBABWE CONFIRMS HOOF-AND-MOUTH DISEASE
| Zimbabwe has confirmed an outbreak of
the animal-borne hoof-and-mouth disease, which prompted
Botswana on Thursday to stop imports of almost all Zimbabwean
meat products.
Agriculture Ministry Permanent Secretary Robbie Mupawose
said it had been found at a ranch in southwestern Matabeleland
province an... | Financial Reports |
U.S. BANKER PREDICTS FURTHER DOLLAR FALL THIS YEAR
| A leading U.S. Banker said the dollar
was likely to fall another five to 10 pct this year and an
improvement in the huge American trade deficit would be only
temporary at current world exchange rate levels.
Kurt Viermetz, Worldwide Treasurer of <Morgan Guaranty
Trust Co>, told Arab currency traders m... | Financial Reports |
OFFICIAL WANTS ARAB FUND TO HELP LEBANESE POUND
| Lebanese central bank Vice Governor
Meguerditch Bouldikian called for the establishment of an Arab
fund to assist the Lebanese pound, which has lost more than 80
pct of its value against the dollar since January 1986.
Bouldikian told an Arab exchange dealers conference the
bank would continue to take me... | Financial Reports |
JAPAN JOINING INTERNATIONAL COCOA AGREEMENT
| Japan is in the process of joining the
International Cocoa Organisation (ICCO), which will bring the
number of members in the body to 36, ICCO officials said.
Japan is completing constitutional procedures necessary to
its accession to the ICCO and is expected to become an
importing member in three to fo... | Financial Reports |
TURKISH SHIP IN OIL ROW HEADS FOR AEGEAN
| A Turkish research ship, escorted by
warships and air force planes, left for the Aegean to press
Ankara's case in an escalating row with Greece over oil rights,
the semi-official Anatolian News Agency said.
The ship set off this morning from the Dardanelles port of
Canakkale with flags flying and watche... | Financial Reports |
PAPANDREOU SHOWS "RESTRICTED OPTIMISM" OVER CRISIS
| Greek Prime Minister Andreas Papandreou
expressed "restricted optimism" about a crisis with Turkey over
disputed oil rights in the Aegean Sea.
Papandreou was speaking to reporters after briefing
opposition political leaders on the latest developments in the
row as a Turkish research ship escorted by war... | Financial Reports |
CHINA POSTPONES PLAN TO SCRAP PARALLEL CURRENCY
| Chinese Vice-Premier Tian Jiyun said
plans to scrap the country's parallel currency, Foreign
Exchange Certificates (FECs), had been postponed due to
objections from foreign businessmen and others.
But Tian told a news conference the Chinese government
still considered FECs unsatisfactory.
Asked ab... | Financial Reports |
NAKASONE SOUNDS CONCILIATORY NOTE IN CHIP DISPUTE
| Prime Minister Yasuhiro Nakasone sounded
a conciliatory note in Japan's increasingly bitter row with the
United States over trade in computer microchips.
"Japan wants to resolve the issue through consultations by
explaining its stance thoroughly and correcting the points that
need to be corrected," he w... | Corporate News |
ISLAMIC BANKS ESTABLISH 50 MLN DLR TRADE PORTFOLIO
| The Islamic Development Bank (IDB) and
20 Islamic Banks signed an agreement to establish a 50 mln dlr
trade portfolio to finance trade among Islamic countries, IDB
sources said.
They said IDB's share in the portfolio, which will only
finance exports and imports of the private sector, was limited
to up... | Commodities and Trade |
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