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AMERICAN STORES CO 4TH QTR SHR 1.57 DLRS VS 1.60 DLRS
|
AMERICAN STORES CO 4TH QTR SHR 1.57 DLRS VS 1.60 DLRS
| Other |
INDONESIAN SUGAR OUTPUT SEEN SHORT OF TARGET
| Indonesia's raw sugar output is likely
to be 1.8 mln tonnes in calendar 1987, unchanged from 1986 and
below the government's 1987 forecast of 2.5 mln, the U.S.
Embassy said in its agricultural outlook for 1987.
Indonesia bought 162,500 tonnes of raw sugar on world
markets in late 1986, the report said.
... | Corporate News |
CENTRAL SPRINKLER CORP <CNSP> 1ST QTR JAN 31 NET
| Shr 19 cts vs 20 cts
Shr diluted 18 cts vs 18 cts
Net 578,000 vs 554,000
Sales 10.7 mln vs 10.4 mln
Avg shrs 3,006,s302 vs 2,795,820
Avg shrs diluted 4,271,488 vs 4,081,534
| Corporate News |
<FAR WEST INDUSTRIES INC> RAISES DIVIDEND
| Annual div four cts vs 1.76 cts
Pay March 20
Record March 15
| Corporate News |
<FAR WEST INDUSTRIES INC> YEAR NET
| Shr 23 cts vs 17 cts
Net 761,000 vs 490,000
Revs 7.3 mln vs 4.5 mln
| Other |
U.K. OFFICIALS STUDY SALMONELLA/CALF FEED LINK
| U.K. Officials are studying the possible
link between the use of antibiotics in calf feeds and the
spread of drug-resistant strains of salmonella in humans, a
Ministry of Agriculture official said.
A study published in the New England Journal of Medicine
yesterday stated that the spread of an unusual st... | Financial Reports |
CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY
|
CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY
| Corporate News |
DOME<DMP> REPEATS DOME MINES<DM> STAKE FOR SALE
| Dome Petroleum Ltd's 23.2 pct stake of
gold producer Dome Mines Ltd continues to be for sale "at the
right price," spokesman David Annesley said in response to an
inquiry.
Reaffirming remarks made last year by chairman Howard
Macdonald, Annesley said the company is considering selling its
stake in Dom... | Financial Reports |
CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY
|
CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY
| Commodities and Trade |
NIPPON KOKAN STEEL AFFILIATES CONSIDERING MERGER
| Toshin Steel Co Ltd <TOSS.T> and <Azuma
Steel Co Ltd>, affiliates of Nippon Kokan KK <NKKT.T>, are
considering a merger, company spokesmen said.
Toshin Steel, owned 41.9 pct by Nippon Kokan, and Azuma
Steel, owned 41.3 pct by Nippon Kokan, are expected to decide
by the end of March, they said. ... | Corporate News |
NEW DUTCH SPECIAL ADVANCES ANNOUNCED AT 5.3 PCT
| The Dutch central bank announced new
eleven-day special advances at an unchanged 5.3 pct to aid
money market liquidity, covering the period March 9 to 20.
The amount will be set at tender on Monday March 9 between
0800 and 0830 GMT. The new facility will replace the current
4.8 billion guilders of seven... | Financial Reports |
SELECTERM INC <SLTM> 4TH QTR LOSS
| Shr loss not given vs profit 16 cts
Net loss 309,000 vs profit 426,000
Revs 6,358,000 vs 6,747,000
Year
Shr profit 27 cts vs profit 76 cts
Net profit 713,000 vs profit 2,021,000
Revs 24.9 mln vs 27.1 mln
NOTE: Pretax net profits 113,000 dlrs vs 824,000 dlrs in
quarter and 1... | Corporate News |
STONE CONTAINER <STO> COMPLETES WAITING PERIOD
| Stone Container Corp said it and
Southwest Forest Industries Inc <SWF> completed all waiting
period requirements under the Hart-Scott-Rodino Anti-Trust
Improvements Act of 1976.
Stone said it will proceed with its previously proposed
acquisition of Southwest.
| Corporate News |
ICO QUOTA TALKS FAILURE PARALYSE HAMBURG MARKET
| The failure of International Coffee
Organization talks on the reintroduction of quotas has
paralysed business on the Hamburg green coffee market in the
past week, trade sources said.
There was only sporadic activity for spot material, which
was mainly requirement buying, they said, adding that
pre-reg... | Financial Reports |
RESIDENTIAL MORTGAGE INVESTMENTS INC <RMI>PAYOUT
| Qtly div 24 cts vs 24 cts prior
Pay April 10
Record March 31
| Financial Reports |
SOUTHWEST <SWF>, STONE <STO> COMPLY FOR MERGER
| Southwest Forest Industries said
it and Stone Container Corp have complied with all federal
waiting period requirements for Stone's proposed 32.25 dlr per
share cash acquisition of Southwest.
Southwest currently has 12.3 mln shares outstanding. The
companies entered into a merger agreement on January 27... | Financial Reports |
OKC LIMITED PARTNERSHIP <OKC> SETS LOWER PAYOUT
| OKC Limited Partnership said it will make
a five ct per share distribution to unitholders, down from 15
cts in December and payable March 30 to holders of record March
18.
The partnership said the payout is the largest quarterly
cash distribution allowable under terms of its letter of credit.
| Financial Reports |
BIOTECH RESEARCH LABORATORIES INC <BTRL> 4TH QTR
| Shr profit one ct vs loss seven cts
Net profit 63,761 vs loss 43,006
Revs 1,961,219 vs 1,413,859
Year
Shr loss seven cts vs loss 20 cts
Net loss 380,273 vs loss 1,108,151
Revs 6,245,012 vs 5,368,522
Shr out 5,950,000 vs 5,462,547
| Other |
CANADA UPHOLDS COUNTERVAIL DUTY ON U.S. CORN
| The Canadian Import Tribunal ruled today
subsidized U.S. corn imports were injurious to Canadian growers
and upheld a countervailing duty of 84.9 U.S. cts a bushel set
earlier this year.
The ruling is the result of trade action launched in 1985
by the Ontario Corn Producers Association that contended U.... | Financial Reports |
FEBRUARY U.S. JOBS GAINS SHOW STRONGER ECONOMY
| Momentum in th U.S. economy may be
picking up given solid across-the board increases in the
February U.S. employment report, economists said.
U.S. non-farm payroll employment rose 337,000 in February,
twice what the financial markets expected. This follows a
319,000 gain in January, revised down from a ... | Financial Reports |
AMERICAN STORES CO <ASC> 4TH QTR NET
| Shr 1.57 dlrs vs 1.60 dlrs
Net 55.7 mln vs 56.5 mln
Revs 3.7 billion vs 3.6 billion
Year
Shr 3.79 dlrs vs 4.11 dlrs
Net 144.5 vs 154.5 mln
Revs 14.0 billion vs 13.9 billion
NOTE: 1986 4th qtr and yr per shr amts includes reduction
of 15 cts per shr for establishment of reor... | Financial Reports |
BAKER SAYS G-6 PACT JUST A START
| Treasury Secretary James Baker said
the agreement among industrial nations in Paris last month is
only a start in Washington's drive to intensify economic
cooperation among leading countries.
In a speech to the National Newspaper Association, Baker
said "the six steps beginning with the Plaza Agreement ... | Financial Reports |
TREASURY'S BAKER FORECASTS REDUCTION IN JAPANESE TRADE SURPLUS THIS YEAR
|
TREASURY'S BAKER FORECASTS REDUCTION IN JAPANESE TRADE SURPLUS THIS YEAR
| Financial Reports |
TREASURY'S BAKER SAYS THERE HAS BEEN NO CHANGE IN U.S. POLICY ON DOLLAR
|
TREASURY'S BAKER SAYS THERE HAS BEEN NO CHANGE IN U.S. POLICY ON DOLLAR
| Corporate News |
FED NOT EXPECTED TO ACT IN MONEY MARKETS
| The Federal Reserve is unlikely to
operate in the U.S. government securities market during its
usual intervention period this morning, economists said.
Fed funds opened comfortably at 5-15/16 pct and remained at
that level. Yesterday Fed funds averaged 5.99 pct.
| Corporate News |
BOSTON BANCORP <SBOS> SETS TWO FOR ONE SPLIT
| Boston Bancorp said its board declared a
two-for-one stock split, payable March 31, record March 17.
| Financial Reports |
BAKER DENIES CHANGE IN U.S. POLICY ON DOLLAR
| Treasury Secretary James Baker said
there has been no change in U.S. policy on the value of the
dollar.
Baker, when asked if the policy was changed in view of
comments yesterday by a senior Commerce Department official who
said he thought the Japanese yen was undervalued against the
dollar by 10 to 15... | Financial Reports |
6-MAR-1987 11:01:16.74
| 6-MAR-1987 11:01:16.74
| Corporate News |
SOME SHIPPING RESTRICTIONS REMAIN ON RHINE
| Limited shipping restrictions due to high
water remain in force on parts of the West German stretch of
the Rhine river between the Dutch border and the city of Mainz
but most are expected to be lifted this weekend.
water authority officials said The restrictions, caused by
high water levels, include spe... | Financial Reports |
HAWKER SIDDELEY OFFER FOR CLAROSTAT <CLR> ENDS
| <Hawker Siddeley Group PLC>'s offer of
74 dlrs a share for all of Clarostat Mfg Co Inc's stock was
scheduled to expire at 2400 EST yesterday.
Company officials were unavailable for comment as to why
the American Stock Exchange had stopped trading in Clarostat's
stock for a pending news announcement.
... | Corporate News |
TAFT <TFB> GIVEN DEADLINE ON BUYOUT PROPOSAL
| Narragansett Capital Inc <NARR>
said it and Dudley S. Taft have requested a response from Taft
Broadcasting Co by March 12.
Earlier today, Taft Broadcasting said Taft, the company's
vice chairman, and Narragansett had offered 145 dlrs for each
of Taft's 9.2 mln outstanding shares.
The company s... | Corporate News |
<PETER MILLER APPAREL GROUP INC> 3RD QTR LOSS
| period ended January 31
Shr loss 28 cts vs profit seven cts
Net loss 931,000 vs profit 7,000
Sales 2,303,000 vs 2,006,000
Nine mths
Shr loss 55 cts vs profit seven cts
Net loss 1,619,000 vs profit 185,000
Sales 7,684,000 vs 7,059,000
Note: per share reflects issue of 60... | Financial Reports |
SANTA FE SOUTHERN <SFX> APPEALS MERGER RULING
| Santa Fe Southern Pacific Corp said it
filed a petition asking the U.S. Interstate Commerce Commission
to reconsider its earlier rejection of the merger of the
holding company's railroad assets.
The ICC had rejected in July the merger of the Santa Fe and
Southern Pacific Railroads on the grounds that it... | Financial Reports |
BAKER SEES LOWER JAPANESE TRADE SURPLUS
| U.S. Treasury Secretary James Baker
said the Japanese trade surplus would begin to decline this
year.
He told the National Newspaper Association "You're going to
see a reduction in the Japanese trade surplus -- some of it
this year".
But he said the reduction would be due principally to the
exch... | Other |
CINEPLEX ODEON CORP YEAR OPER SHR BASIC 1.04 DLRS VS 77 CTS
|
CINEPLEX ODEON CORP YEAR OPER SHR BASIC 1.04 DLRS VS 77 CTS
| Other |
MONFORT <MNFT> SOARS ON ACQUISITION AGREEMENT
| Monfort of Colorado Inc soared 21-1/2
to 75 in over-the-counter trading, responding to an
announcement late yesterday that the firm will be acquired by
Conagra Inc <CAG>.
According to a letter of intent signed by both companies,
Conagra will offer 2.5 of its own shares for each of Monfort's
4.3 mln... | Financial Reports |
NORDBANKEN TO AUCTION ITS FERMENTA SHARES
| Sweden's <Nordbanken> banking group
said it would sell the 4.2 mln B free shares deposited as loan
collateral by Fermenta AB's <FRMS.ST> founder and former chief
executive Refaat el-Sayed and it planned to buy them up itself.
The bank said the sale - by public auction on March 16 --
was because of... | Financial Reports |
UNITED INDUSTRIAL CORP <UIC> 4TH QTR LOSS
| Shr loss 1.27 dlrs vs profit 43 cts
Net loss 17.0 mln vs profit 5,667,000
Sales 67.8 mln vs 70.1 mln
Year
Shr loss 69 cts vs profit 2.18 dlrs
Net loss 9,174,000 vs profit 29.1 mln
Sales 272.5 mln vs 269.4 mln
Avg shrs 13.3 mln vs 13.4 mln
NOTE: 1986 net includes tax cre... | Other |
<CINEPLEX ODEON CORP> YEAR NET
| Oper shr basic 1.04 dlrs vs 77 cts
Oper shr diluted 89 cts vs 60 cts
Oper net 31.6 mln vs 12.5 mln
Revs 500.6 mln vs 170.9 mln
Avg shrs 29.1 mln vs 14.3 mln
Note: 1985 net excludes extraordinary gain of 1,756,000
dlrs or 12 cts shr basic and eight cts shr diluted.
1986 net involv... | Financial Reports |
MINE SAFETY APPLIANCES <MNES> TO SELL UNIT
| Mine Safety Appliances Co said it
agreed to sell its filter products division to Donaldson Co Inc
<DCI> for undisclosed terms.
It said the filter products unit will be relocated from its
plant in Pennsylvania to a Donaldson facility in Illinois. It
said it expects a number of the unit's 100 employees... | Corporate News |
PROSPECT GROUP INC <PROSZ> 4TH QTR LOSS
| Shr loss 10 cts vs loss 50 cts
Net loss 1,830,000 vs loss 3,584,000
Revs 40.7 mln vs 26.8 mln
Avg shrs 19.2 mln vs 7,115,847
12 mths
Shr profit 10 cts vs loss 91 cts
Net profit 1,422,000 vs loss 6,195,000
Revs 185.7 mln vs 126.9 mln
Avg shrs 14.8 mln vs 6,811,280
... | Financial Reports |
FRANCE FUND INC <FRN> SETS INITIAL DIVIDEND
| France Fund Inc said its board declared
an initial dividend of 1.12 dlrs per share, payable April six,
to holders of record March 20.
The fund said the dividend represents two cts per share for
net investment income realized during 1986 and 1.10 dlrs from
net taxable gains realized during the year.
| Market and Economy |
HEINEKEN N.V. <HEIN.AS> 1986 YEAR
| Pre-tax profit 513.2 mln guilders vs 545.5 mln
Net profit 285.3 mln guilders vs 265.4 mln
Consolidated net turnover 6.68 billion guilders vs 6.40
billion
Net profit per 25.00 guilder nominal share 11.11 guilders
vs 10.33, taking into account one-for-three scrip issue last
year
Final divi... | Other |
NATIONAL SECURITY INSURANCE CO <NSIC> 4TH QTR
| Oper shr loss 15 cts vs profit 57 cts
Oper net loss 151,000 vs profit 570,000
Year
Oper shr profit 2.08 dlrs vs loss 12 cts
Oper net profit 2,122,000 vs loss 127,000
NOTE: Net excludes realized capital loss 19,000 dlrs vs
gain 896,000 dlrs in quarter and gains 1,646,000 dlrs vs
1,331... | Financial Reports |
INDONESIA UNLIKELY TO IMPORT PHILIPPINES COPRA
| Indonesia is unlikely to import copra
from the Philippines in 1987 after importing 30,000 tonnes in
1986, the U.S. Embassy's annual agriculture report said.
The report said the 31 pct devaluation of the Indonesian
rupiah, an increase in import duties on copra and increases in
the price of Philippines co... | Financial Reports |
CYPRUS MINERALS <CYPM> NAMED IN SUITS
| Cyprus Minerals Co said along with about
40 other companies, it has been named a defendant in 23 product
liability lawsuits filed in California by individual
tireworkers aleging injury as a result of exposure to talc and
other products.
It said other suits are expected to be brought.
Cyprus, which... | Corporate News |
DONALDSON <DCI> TO BUY MINE SAFETY <MNES> UNIT
| Donaldson Co Inc said it reached an
agreement to buy the assets of the Filter Products Division of
Mine safety Appliances Co for undisclosed terms.
It said Filter Products will operate as part of Donaldson's
Industrial Group and its manufacturing operations will be
relocated to Dixon, Ill., from Evans C... | Commodities and Trade |
ARUNDEL CORP <ARL> 4TH QTR NET
| Shr 1.73 dlrs vs 1.66 dlrs
Net 3,637,000 vs 3,789,000
Revs 27.6 mln vs 26.6 mln
Year
Shr 3.47 dlrs vs 2.34 dlrs
Net 7,815,000 vs 5,340,000
Revs 94.3 mln vs 81.9 mln
| Corporate News |
GULF STATES UTILITIES <GSU> GETS QUALIFIED AUDIT
| Gulf States Utilities Co said
auditor Coopers and Lybrand has issued a qualified opinion on
1986 financial statements.
Gulf States said the audit opinion satated that without
sufficient rate increases or funds from other sources, Gulf
states may be unable to maintain its financial viability,
which is ... | Financial Reports |
FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS
|
FED SETS ONE BILLION DLR CUSTOMER REPURCHASE, FED SAYS
| Commodities and Trade |
MIDMISSISSIPPI RIVER OPENS TODAY FOR SEASON
| The Mississippi River is now open for
barge traffic up to the Twin Cities in Minnesota after repairs
were completed and the first barges moved upstream through Lock
and Dam 20 near Quincy, Ill at 0600 CST today, an Army Corps of
Engineers spokesman said.
About 14 to 15 inches of ice were reported betwee... | Other |
FED SETS ONE BILLION DLR CUSTOMER REPO
| The Federal Reserve entered the
government securities market to arrange one billion dlrs of
customer repurchase agreements, a spokesman for the New York
Fed said.
Fed funds were trading at 5-15/16 pct at the time of the
indirect injection of temporary reserves, dealers said.
| Financial Reports |
GERMAN CASH IN CIRCULATION UP AT FEBRUARY'S CLOSE
| Cash in circulation in West Germany
rose by 2.8 billion marks in the last week of February to 121.5
billion, a gain of 8.3 pct over the same month last year, the
Bundesbank said.
Cash in circulation is one of two components of the West
German money supply which the German central bank is targeting
to ... | Financial Reports |
SUN ELECTRIC CORP <SE> 1ST QTR JAN 31 NET
| Shr profit 15 cts vs loss six cts
Net profit 1,051,000 vs loss 381,000
Revs 50.8 mln vs 41.8 mln
Avg shrs 7,033,00 vs 6,557,000
NOTE: 1987 net includes tax credits equal to six cts vs one
cent in 1986.
| Financial Reports |
ECUADOR SAYS SUSPENDS OIL EXPORTS DUE EARTHQUAKE
| Ecuador today suspended its crude oil
exports indefinitely due to an earthquake last night that
damaged pumping and crude transport installations, an Energy
and Mines MInistry statement said.
It said the state oil firm Corporacion Estatal Petrolera
Ecuatoriana (CEPE) notified foreign customers that it w... | Market and Economy |
LEASEWAY TRANSPORTATION CORP <LTC> 4TH QTR LOSS
| Oper shr loss 39 cts vs profit 62 cts
Oper net loss 4,628,000 vs profit 7,256,000
Revs 338.1 mln vs 327.9 mln
Year
Oper shr profit 1.12 dlrs vs profit 1.88 dlrs
Oper net profit 13.2 mln vs 22.2 mln
Revs 1.32 billion vs 1.29 billion
NOTE: Net excludes gains from discontinued l... | Corporate News |
NCH CORP <NCH> 3RD QTR JAN 31 NET
| Shr 51 cts vs 44 cts
Net 4,710,000 vs 4,086,000
Sales 109.2 mln vs 98.2 mln
Nine mths
Shr 1.62 dlrs vs 1.39 dlrs
Net 15.0 mln vs 13.6 mln
Sales 314.6 mln vs 279.7 mln
| Commodities and Trade |
NATIONWIDE HAD 1986 PROPERTY-CASUALTY LOSS
| <Nationwide Mutual Insurance Co>
said its property-casualty companies had a net loss of 56 mln
dlrs last year while its life insurance operations earned 66.8
mln dlrs.
Nationwide said its property-casualty group, the
fourth-largest U.S. property-casualty insurer had a 106 mln dlr
loss in 1986. Nati... | Financial Reports |
SUN <SUN> RAISES HEATING OIL BARGE PRICE
| Sun Co's Sun Refining and Marketing
subsidiary said it increased the price it charges contract
barge customers for heating oil in New York harbor 0.50 cent a
gallon, effective today.
They said the 0.50 cent increase brings Sun's contract
barge price to 49 cts. The recent price hike represents the
fift... | Other |
FRENCH PRIMARY BOND MARKET SHOWS NEW SPARKLE
| The French primary bond market is showing
signs of renewed effervescence after several weeks of lethargy
and the trend is expected to continue if hopes of imminent
interest rate cuts are fulfilled, market operators said.
The Bank of France is generally expected to give a signal
to the market, possibly a... | Other |
FIRST WOMEN'S BANK INVESTOR GROUP OFFER EXPIRES
| The investor group owning about 42 pct
of the outstanding capital stock of <The First Women's Bank>
said a cash tender offer for the bank's remaining outstanding
shares at 11 dlrs per share expired on March three.
The investors said about 132,000 shares, or about 20 pct of
the outstanding, had been t... | Other |
UNITED PRESIDENTIAL CORP <UPCO> 4TH QTR NET
| Shr 39 cts vs 50 cts
Net 1,545,160 vs 2,188,933
Revs 25.2 mln vs 19.5 mln
Year
Shr 1.53 dlrs vs 1.21 dlrs
Net 6,635,318 vs 5,050,044
Revs 92.2 mln vs 77.4 mln
NOTE: Results include adjustment of 848,600 dlrs or 20 cts
shr for 1986 year and both 1985 periods from improvement... | Commodities and Trade |
COMPUTER MEMORIES INC <CMIN> 3RD QTR LOSS
| Period ended December 31.
Shr loss nine cts vs loss 1.92 dlrs
Net loss 950,000 vs loss 21,334,000
Revs 580,000 vs 22.2 mln
Nine Mths
Shr loss six cts vs loss 1.23 dlrs
Net loss 694,000 vs loss 13,710,000
Revs 5,129,000 vs 111.9 mln
Note: Current qtr includes tax loss of... | Financial Reports |
TRENWICK GROUP INC <TREN> 4TH QTR NET
| Oper shr profit 18 cts vs loss four cts
Oper net profit 1,847,000 vs loss 282,000
Revs 25.9 mln dlrs vs 8,626,000 drs
12 mths
Oper shr profit 39 cts vs loss 24 cts
Oper net profit 3,262,000 vs loss 1,555,000
revs 67.5 mln vs 27.9 mln dlrs.
NOTE: 1986 qtr and year excludes inv... | Financial Reports |
IMF URGES BELGIUM TO MAKE FURTHER SPENDING CUTS
| The Belgian government, which
introduced large-scale public spending reductions last year,
has been told by an International Monetary Fund team there is
scope for further cuts in 1988.
The suggestion is contained in the preliminary conclusions
of the annual IMF consultations with Belgium on its economic... | Financial Reports |
JAPAN FEBRUARY INTERIM TRADE SURPLUS JUMPS
| Japan's customs-cleared trade surplus in
the first 20 days of February jumped to 3.58 billion dlrs from
1.94 billion a year earlier, the Finance Ministry said.
The February interim surplus was sharply up from a 965.04
mln dlr surplus in the same January period.
FOB exports rose 14.6 pct from a year ... | Financial Reports |
BUSH <BSH> REVISES 4TH QTR, YEAR RESULTS UP
| Bush Industries Inc said that
after an audit it has revised upwards its 1986 fourth quarter
and year end results. On February 12 it reported unaudited
results.
Under the audited amounts, 1986 fourth quarter income was
1,098,978 mln dlrs, or 55 cts a share. The unaudited income for
the period was 1,014... | Market and Economy |
FURNITURE (UFURF) UPS BENCH CRAFT (SOFA) STAKE
| Universal Furniture Ltd said in a
filing with the Securities and Exchange Commission that it had
increased its stake in Bench Craft Inc common stock to
2,548,975 shares or 45.3 pct of the total outstanding.
Universal said its Universal Furniture Industries N.V. unit
bought 235,750 Bench Craft shares Mar... | Industrial and Sector News |
CLEVITE INDUSTRIES INC <CLEV> 4TH QTR OPER LOSS
| Oper net loss 411,000 vs profit 875,000
Sales 69.7 mln vs 70.5 mln
Year
Oper net profit 6,258,000 vs profit 4,785,000
Sales 299.5 mln vs 297.2 mln
Note: Company made initial public offering in June, 1986.
Assuming the offering had occurred on Jan. 1, 1986, operating
net income per sh... | Financial Reports |
NIPPON LIGHT METAL CONTINUES ALUMINIUM OUTPUT CUT
| Nippon Light Metal Co Ltd <NLGT.T>, which
has annual capacity of 63,000 tonnes, will continue primary
aluminium production at a rate of 35,000 tonnes owing to low
domestic and world prices and low water supplies at its
hydroelectric power plant, a company official said.
Nippon, which has no plans to ... | Financial Reports |
CMS ADVERTISING SETS 3-FOR-2 STOCK SPLIT
| <CMS Advertising Inc> said its
board has approved a three-for-two stock split in the form of a
dividend payable March 30 to holders of record March 16.
The company said a similar split was paid December eight,
leaving it with 2,344,200 shares outstanding.
CMS Advertising said the next split will ... | Financial Reports |
CIE FINANCIERE DE PARIBAS <PARI.PA> 1986 YEAR
| Parent company net profit 385 mln francs vs 226.9 mln
Dividend five francs vs no comparison
Note - The financial and banking group was privatised by
the government in January this year.
| Corporate News |
6-MAR-1987 12:28:37.20
| 6-MAR-1987 12:28:37.20
| Other |
BANK OF ENGLAND PRESSURE HOLDS BASE RATES
| This week's Bank of England resistance to
strong market pressure for lower interest rates succeeded in
holding bank base rates at 11 pct.
But at a cost of threatening the Chancellor of the
Exchequer Nigel Lawson's policy, stated at the end of the Paris
Group of Six meeting last month, that he wanted to ... | Market and Economy |
LYNG DISAPPOINTED BY CANADA CORN INJURY DECISION
| U.S. Agriculture Secretary Richard
Lyng said he is "very disappointed" by a Canadian government
finding that U.S. corn has injured Ontario Corn growers.
"This action is not helpful in the context of the ongoing
U.S.-Canada free trade talks or in the new round of
multilateral trade negotiations," Lyng sa... | Market and Economy |
BANCROFT <BCV> SHAREHOLDERS REBUKE ZICO OFFER
| Bancroft Convertible Fund Inc, the
target of an unfriendly cash offer by <Zico Investment Holdings
Inc>, said its shareholders approved proposals requiring a
66-2/3 pct affirmative vote of all outstanding shares before
fundamental changes in its status could be made.
Previously, only a simple majorit... | Financial Reports |
INT'L TOTALIZATOR <ITSI> SEES BETTER 1ST QTR
| International Totalizator Systems Inc
Vice President of Finance Joel Graff said he expects to report
an improved first quarter compared to the 377,000 dlr loss
reported in the year ago quarter.
"A profit looks quite favorable," Graff said.
Last week, the automated ticket systems supplier reported a
... | Corporate News |
SAUDI FEBRUARY CRUDE OUTPUT PUT AT 3.5 MLN BPD
| Saudi crude oil output last month fell
to an average of 3.5 mln barrels per day (bpd) from 3.8 mln bpd
in January, Gulf oil sources said.
They said exports from the Ras Tanurah and Ju'aymah
terminals in the Gulf fell to an average 1.9 mln bpd last month
from 2.2 mln in January because of lower liftings ... | Corporate News |
BOC GROUP COMPLETES SALE OF UNIT TO CONTROLS
| <BOC Group Inc>'s Airco
Distributor Gases finalized the sale of its Virginia-based gas
appaturs business to <Controls Corp of America>, a newly formed
investment group organized by former Airco employees.
Under the terms of the sale, Airco said Controls will
continue to make the gas apparaturs pro... | Commodities and Trade |
INDONESIAN PALM OIL OUTPUT EXPECTED TO RISE
| Indonesia's palm oil output is expected
to rise and exports to increase, the U.S. Embassy said in its
annual report on Indonesia's agriculture sector.
The Indonesian government said crude palm oil (CPO) output
is expected to rise to 1.56 mln tonnes in 1987 and 2.11 mln in
1988, up from a projected 1.45 ... | Corporate News |
U.S. WHEAT GROWERS WANT EEP TO SOVIET UNION
| The U.S. National Association of
Wheat Growers (NAWG) urged the Reagan administration offer the
Soviet Union wheat under the export enhancement program (eep).
In a letter to Agriculture Secretary Richard Lyng, NAWG
stated its "strong support" for an eep offer to Moscow.
"We believe that a solid case... | Financial Reports |
ABN SAYS PROFIT RISE ENCOURAGING IN VIEW DOLLAR
| Algemene Bank Nederland N.V. <ABNN.AS>
chairman Robertus Hazelhoff said the bank's 10.3 pct increase
in net 1986 profit to 527 mln guilders from 478 mln in 1985 was
encouraging in view of the sharply lower dollar.
Hazelhoff, speaking at a press conference after the release
of ABN's 1986 results, said... | Other |
CANADIAN MONEY SUPPLY M-1 RISES 217 MLN DLRS IN WEEK, BANK OF CANADA SAID
|
CANADIAN MONEY SUPPLY M-1 RISES 217 MLN DLRS IN WEEK, BANK OF CANADA SAID
| Financial Reports |
CANADIAN MONEY SUPPLY RISES IN WEEK
| Canadian narrowly-defined money supply
M-1 rose 217 mln dlrs to 32.80 billion dlrs in week ended
February 25, Bank of Canada said.
M-1-A, which is M-1 plus daily interest chequable and
non-personal deposits, rose 556 mln dlrs to 75.19 billion dlrs
and M-2, which is M-1-A plus other notice and personal
... | Commodities and Trade |
FRENCH GOVERNMENT TO STEP UP AID TO JOBLESS
| The government plans to go ahead with a
three billion franc package to help the long-term unemployed,
with the aim of guaranteeing social security payments to
everyone becoming redundant, government officials said.
At present only about one-third of the country's 2.6 mln
jobless, corresponding to 10.9 p... | Financial Reports |
USSR WHEAT BONUS OFFER SAID STILL UNDER DEBATE
| The Reagan administration continues
to debate whether to offer subsidized wheat to the Soviet
Union, but would need assurances from the Soviets that they
would buy the wheat before the subsidy offer would be made, a
senior U.S. Agriculture Department official said.
"I think it still is under active deba... | Financial Reports |
SUN ELECTRIC CORP <SE> 1ST QTR JAN 31 OPER NET
| Oper shr profit nine cts vs loss seven cts
Oper net profit 628,000 vs loss 491,000
Sales 50.7 mln vs 41.8 mln
Avg shrs 7,033,000 vs 6,557,000
Note: Oper net excludes extraordinary profit of 423,000
dlrs, or six cts a shr, and 110,000 dlrs, or one ct a share,
respectively, in 1987 and 1986 ... | Commodities and Trade |
CANADA CORN DECISION UNJUSTIFIED - YEUTTER
| U.S. trade representative Clayton
Yeutter said Canada's finding announced today that U.S. corn
imports injure Canadian farmers is "totally unjustified."
"U.S. corn exports to Canada are so small that it is
inconceivable that they injure Canadian corn farmers by any
reasonable measure," Yeutter said in a... | Financial Reports |
INDONESIAN TEA, COCOA EXPORTS SEEN UP, COFFEE DOWN
| Indonesia's exports of tea and cocoa
will continue to rise in calendar 1987 but coffee exports are
forecast to dip slightly in 1987/88 (April-March) as the
government tries to improve quality, the U.S. Embassy said.
The embassy's annual report on Indonesian agriculture
forecast coffee output in 1986/87 ... | Corporate News |
CETEC CORP <CEC> 4TH QTR NET
| Oper shr two cts vs eight cts
Oper net 41,000 vs 153,000
Sales 7,456,000 vs 7,965,000
Year
Oper shr 22 cts vs 50 cts
Oper net 434,000 vs 1,103,000
Sales 31 mln vs 33.6 mln
Note: Current qtr and year figures exclude loss from
discontinued operations of 384,000 dlrs, or 20 ct... | Financial Reports |
RICHTON INTERNATIONAL CORP <RIHL> 3RD QTR JAN 31
| Shr 18 cts vs 39 cts
Net 507,000 vs 762,000
Sales 11.3 mln vs 11.7 mln
Avg shrs 2,789,000 vs 1,961,000
Nine mths
Shr 39 cts vs 90 cts
Net 1,076,000 vs 1,752,000
Sales 32.9 mln vs 33.3 mln
Avg shrs 2,771,000 vs 1,955,000
| Financial Reports |
VALTEK INC <VALT> 3RD QTR JAN 31 NET
| Shr 18 cts vs 19 cts
Net 400,413 vs 421,451
Revs 9,343,228 vs 8,213,449
Nine mths
Shr 39 cts vs 46 cts
Net 853,891 vs 1,011,999
Revs 24.6 mln vs 22.3 mln
| Financial Reports |
THE WRITER CORP <WRTC> 4TH QTR LOSS
| Shr loss 30 cts vs profit 11 cts
Net loss 1,247,000 vs profit 454,000
Revs 12.3 mln vs 17.5 mln
Year
Shr loss 24 cts vs profit 32 cts
Net loss 979,000 vs profit 1,303,000
Revs 60.6 mln vs 61.7 mln
| Financial Reports |
ROCKY MOUNTAIN MEDICAL CORP <RMEDU> 1ST QTR LOSS
| Dec 31
Shr loss one ct
Net loss 176,639
Revs 150,300
NOTE: Company went public in April 1986.
| Commodities and Trade |
FIRST AMERICAN BANK AND TRUST <FIAMA> YEAR NET
| Shr 91 cts vs 1.25 dlrs
Net 8,710,000 vs 11.7 mln
Avg shrs 9,526,287 vs 9,362,379
NOTE: Share adjusted for 10 pct stock dividend in May 1986.
Net includes loan loss provisions of 12.7 mln dlrs vs
2,400,000 dlrs.
| Market and Economy |
INDIA AGAIN IN MARKET FOR SUGAR - TRADE
| India has called a fresh buying tender
for up to four 13,000 tonne cargoes of white sugar on March 11,
traders here said.
The tender calls for one cargo of prompt sugar and two to
three with March/April shipment sugar, or the same as the eight
cargoes bought at a tender two days ago. That tender origina... | Financial Reports |
<WARRANTECH CORP> 3RD QTR DEC 31 NET
| Shr profit nil vs loss nil
Net profit 28,565 vs loss 204,553
Revs 507,529 vs 6,563
Nine mths
Shr loss nil vs loss nil
Net loss 404,011 vs loss 649,495
Revs 938,345 vs 32,535
| Financial Reports |
PIONEER GROUP <PIOG> UNIT GETS MORE LAND
| The Pioneer Group Inc said its 70
pct-owned Teberebie Goldfields Ltd venture has been granted an
additional concession of land in Ghana to look for and mine
gold.
The State Gold Mining Corp of Ghana granted the venture an
additional 14.5 square kilometers in Teberebie, Ghana,
contiguous to 11.5 square... | Financial Reports |
INSITUFORM <IGLSF> RAISES STAKE IN UNIT
| Insituform Group Ltd of Guernsey,
Channel Islands, said it has exercised an option to convert a
250,000 stg loan to affiliate Insituform Permaline Ltd to
common shares, raising its stake in the unit to 75 pct from 50
pct.
The remainder is held by Permaline's management and an
investment group.
I... | Financial Reports |
COPPER MEETING AGREES GOALS OF STUDY GROUP
| The world's major copper producing and
consuming countries have reached "a degree of consensus" on
objectives and functions of a future study group aimed at
reviewing the world copper market, officials said.
Governments represented at a meeting to consider a proposed
forum for copper have recommended th... | Financial Reports |
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