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KUWAIT MINISTER SAYS NO EMERGENCY OPEC TALKS SET
| Kuwait's oil minister said in a newspaper
interview that there were no plans for an emergency OPEC
meeting after the recent weakness in world oil prices.
Sheikh Ali al-Khalifa al-Sabah was quoted by the local
daily al-Qabas as saying that "none of the OPEC members has
asked for such a meeting."
He... | Financial Reports |
AUSTRALIA LEADING INDEX CONTINUES RISE IN DECEMBER
| Westpac Banking Corp and the
Melbourne University Institute of Applied Economic and Social
Research said their leading index of Australian economic
activity rose for the ninth successive month in December.
The index rose to 134.1 (base 1980) from 129.8 in November
and 122.8 a year earlier, the Westpac-I... | Corporate News |
JAPAN CANNOT BEAR FURTHER YEN RISE, MINISTER SAYS
| Japan cannot bear a further rise of the
yen, Foreign Minister Tadashi Kuranari said.
"A further stronger yen would be a misfortune for Japan and
the Japanese people would not be able to bear such a burden," he
told reporters.
The minister said he wants to tell U.S. Political leaders
of the sacrifi... | Corporate News |
BANK OF ENGLAND DOES NOT INTERVENE IN MONEY MARKET
| The Bank of England said it did not
operate in the money market during the morning.
Initially, the bank forecast a liqudity shortage of some
300 mln stg for the market today.
Overnight interbank sterling traded at the 11-1/4 1/8 pct
level for most of the morning while period rates have eased on
th... | Corporate News |
U.S. URGES BANKS TO WEIGH PHILIPPINE DEBT PLAN
| The U.S. is urging reluctant
commercial banks to seriously consider accepting a novel
Philippine proposal for paying its interest bill and believes
the innovation is fully consistent with its Third World debt
strategy, a Reagan administration official said.
The official's comments also suggest that debt... | Industrial and Sector News |
POUND AND CANADIAN DOLLAR CAPTURING ATTENTION
| Interest in the currency futures market
has shifted to the soaring British pound and the potentially
explosive Canadian dollar, and away from the dull Continental
and Japanese currencies, analysts said.
The June pound, which added 6.3 cents over the past
week-and-a-half to reach a new contract high of 1... | Commodities and Trade |
NEW WORLD PICTURES TO HAVE GAIN FROM SALE OF FIVE PCT OF TAFT BROADCASTING
|
NEW WORLD PICTURES TO HAVE GAIN FROM SALE OF FIVE PCT OF TAFT BROADCASTING
| Financial Reports |
JAMAICA AGREES DRAFT BANK DEBT RESCHEDULING
| Jamaica agreed in principle with its
bank advisory committee on a rescheduling of 181 mln dlrs of
foreign commercial bank debt falling due between 1987 and 1989,
the Jamaican Information Service said.
Repayments on the debt will be stretched out over 12 years
with 8-1/2 years' grace at 1-1/4 percentage ... | Commodities and Trade |
TAIWAN PLANS NEW TARIFF CUTS
| Taiwan plans another round of deep tariff
cuts this year to help narrow its trade surplus with the U.S.,
A senior economic planner said.
Wang Chao-Ming, vice-chairman of the council for economic
planning and development, told Reuters Taiwan would further
reduce import tariffs on 1,700 products sometime ... | Corporate News |
VEGETABLE OILS MAY TIGHTEN DESPITE SEED SURPLUS
| Lower production of coconut
and palm oils could lead to a decline in vegetable oil stocks
this year despite growing supplies of oilseeds, senior oilseeds
analyst for Merrill Lynch Capital Markets Mario Balletto said.
Balletto told a conference of Canadian farmers at Alberta
Agriculture's annual farm out... | Other |
PORTUGUESE TRADE DEFICIT NARROWS IN 1986
| Portugal's trade deficit narrowed in
1986 to 336.5 billion escudos from 354.8 billion in 1985,
according to provisional National Statistics Institute figures.
Imports totalled 1,412.6 billion escudos and exports
1,076.1 billion compared with 1,326.5 billion and 971.7 billion
in 1985.
Expressed in ... | Commodities and Trade |
BRAZIL'S GROS TO MEET BANKS ON TRADE LINE ISSUE
| Brazil's central bank governor
Francisco Gros will meet senior commercial bankers here today
in a new attempt to defuse the anger generated by the country's
unilateral suspension of interest payments on 68 billion dlrs
of foreign commercial bank debt, bankers said.
Gros will meet representatives of Citi... | Commodities and Trade |
SERVICE RESOURCES CORP <SRC> 4TH QTR NET
| Oper shr profit five cts vs loss 1.71 dlrs
Oper net profit 196,000 vs loss 2,388,000
Sales 40.5 mln vs 43.2 mln
Avg shrs 2,212,000 vs 1,482,000
Year
Oper shr profit 71 cts vs loss 6.24 dlrs
Oper net profit 1,799,000 vs loss 8,991,000
Sales 154.5 mln vs 145.0 mln
NOTE: N... | Other |
TELEPHONE AND DATA SYSTEMS INC <TDS> 4TH QTR NET
| Oper shr 22 cts vs 22 cts
Oper net 2,058,000 vs 2,129,000
Revs 44.5 mln vs 35.7 mln
Avg shrs 9,589,000 vs 9,348,000
Year
Oper shr 94 cts vs 94 cts
Oper net 8,889,000 vs 8,570,000
Revs 155.0 mln vs 123.4 mln
Avg shrs 9,450,000 vs 9,174,000
NOTE: Net excludes discon... | Other |
NEW WORLD PICTURES <NWP> SELLS TAFT <TFB> STAKE
| New World Pictures Ltd said it sold
456,900 shares or about five pct of Taft Broadcasting Co common
stock for a gain of 17.8 mln dlrs.
The company said in a brief statement that it acquired the
stock in late 1986. It gave no further details and company
officials were not immediately available for comme... | Financial Reports |
SOVIET ECONOMIST SEES FEW GAINS IN U.S. TRADE
| There is little chance Soviet exports
to the United States will rise in 1987, but Moscow's current
trade reforms should result in more trade in manufactured goods
in future, a Soviet economist said.
Sergey Frolov, chief economist at Amtorg Trading Corp, an
agent for Soviet trade organisations and indust... | Financial Reports |
SWISS SIGHT DEPOSITS FALL 2.88 BILLION FRANCS
| Sight deposits of commercial banks at
the Swiss National Bank fell 2.88 billion Swiss francs in the
first 10 days of March to 7.65 billion, the National Bank said.
Foreign exchange reserves rose 3.30 billion francs to 33.94
billion.
Sight deposits are a major indicator of money market
liquidity in... | Other |
ECUADOR CRUDE OIL EXPORTS STOPPED FOR FIVE MONTHS
| Ecuador needs 120 mln dlrs to repair the
damage to its oil export pipeline caused by last week"s
earthquake, which will stop crude exports for five months,
energy and mines minister Javier Espinosa Teran said.
Espinosa said yesterday the pipeline, which carries crude
from jungle fields to the Pacific Oc... | Corporate News |
SOUTHLIFE HOLDING CO <SLHC> 4TH QTR NET
| Oper shr seven cts vs 20 cts
Oper net 347,855 vs 787,117
Revs 6,748,868 vs 6,849,499
Avg shrs 5,391,666 vs 4,277,157
Year
Oper shr 56 cts vs 46 cts
Oper net 2,617,528 vs 2,003,661
Revs 27.1 mln vs 27.3 mln
Avg shrs 4,763,793 vs 3,377,157
NOTE: Net excludes realize... | Other |
ALGERIA REGULATES USE OF COFFEE ADDITIVES
| The Algerian authorities have regulated
the addition of chickpeas and barley used to make imported
coffee go further, the official APS news agency reported.
Taking advantage of scarcity, private roasters were selling
ground coffee mixtures which were 75 pct non-coffee, it said.
Since the beginning of Ma... | Corporate News |
HUTCHISON SEES HIGHER PAYOUT, SATISFACTORY PROFITS
| Hutchison Whampoa Ltd <HWHH.HK>
expects satisfactory profits in 1987 and will pay a higher
dividend for the year, chairman Li Ka-shing said.
He did not make any specific projections for the company's
earnings this year but he said the firm will pay a dividend of
not less than 32.5 cents per share aft... | Other |
TALKING POINT/OIL SERVICES TURNAROUND SEEN
| The oil services industry is on the
verge of a recovery because of rising crude prices, oil
industry analysts said.
The analysts, who issued buy recommendations on some
stocks, said the recovery in oil services should begin in the
second half of 1987, after drilling activity bottoms out in the
first h... | Corporate News |
CREDITANSTALT SEES HIGHER 1987 DIVIDEND
| Creditanstalt-Bankverein <CABV.VI> is
likely to raise its 1987 dividend from the 1986 payment of 12
pct of share capital, deputy general-director Guido
Schmidt-Chiari said.
The 1985 dividend was 10 pct, unchanged from the previous
year and Schmidt-Chiari noted that the parent bank's share
capital h... | Corporate News |
CPC <CPC> TO SELL UNIT TO HI-PORT <HIPT>
| CPC International Inc
said it has agreed in principle to sell its Peterson/Puritain
Inc subsidiary to Hi-Port Industries Inc.
CPC said the sale is not expected to have a significant
impact on its earnings and is subject to approval by boards of
both companies. Terms were not disclosed.
Peterson/P... | Commodities and Trade |
PULITZER PUBLISHING CO <PLTZC> 4TH QTR NET
| Shr 47 cts vs 40 cts
Net 4,258,000 vs 5,942,000
Revs 92.6 mln vs 77.1 mln
Avg shrs 8,977,000 vs 15.0 mln
Year
Shr 1.22 dlrs vs 1.34 dlrs
Net 16.4 mln vs 20.0 mln
Revs 329.1 mln vs 272.1 mln
Avg shrs 13.5 mln vs 15.0 mln
NOTE: Interest expense 4,384,000 dlrs vs 545... | Corporate News |
HUGHES TOOL SAYS IT APPROVES REVISED TERMS FOR MERGER WITH BAKER INTERNATIONAL
|
HUGHES TOOL SAYS IT APPROVES REVISED TERMS FOR MERGER WITH BAKER INTERNATIONAL
| Financial Reports |
OPEC REAFFIRMS COMMITMENT TO FIXED PRICES, CEILING
| OPEC has reaffirmed its commitment to
fixed crude oil prices of around 18 dlrs a barrel and an
overall output ceiling of 15.8 mln barrels per day (bpd) to
defend prices, its president Rilwanu Lukman said.
He told a news conference here "After due consultation with
my colleagues in OPEC, I hereby wish to... | Corporate News |
DUTCH PORT UNION TO MEET PARLIAMENTARIANS TODAY
| Dutch port and transport union, FNV,
is presenting its case against 800 planned redundancies in
Rotterdam's general cargo sector to parliament's standing
committee on social affairs today, a union spokesman said.
With 285 of the 4,000-strong workforce on strike, the union
will tell the committee the gov... | Industrial and Sector News |
QINTEX AGAIN EXTENDS PRINCEVILLE <PVDC> OFFER
| <Qintex America Ltd> said it is again
extending its offer of 13 dlrs a share for 3.3 mln Princeville
Development Corp shares until today from yesterday.
At midnight yesterday, 7,242,117 Princeville shares had
been tendered, up from 5,887,165 shares 24 hours earlier.
Qintex said it is extending th... | Financial Reports |
ST. JOE GOLD <SJG> TO DEVELOP MINE
| St. Joe Gold Corp said it plans to
proceed with development of its Golden Patricia gold property
in northwestern Ontario.
It said about five mln dlrs will be spent to continue
underground development and obtain operating permits and
another 10.2 mln dlrs is expected to be required to complete
undergro... | Financial Reports |
NOVELL <NOVL> SETS TWO FOR ONE STOCK SPLIT
| Novell Inc said its board
declared a two-for-one stock split, payable to holders of
record at the close of business on MArch 31.
It said shareholders at the annual meeting approved a
doubling of authorized common shares to 30 mln from 15 mln and
a limitation of directors' liability.
| Financial Reports |
AGENCY TO REVIEW JOHNSON/JOHNSON <JNJ> SWEETNER
| Johnson and Johnson said the U.S.
Food and Drug Administration has notified the company its food
additive petition for a high-intensity sweetener has been
formally accepted and now will be reviewed by the agency.
The company said the product, with the generic name of
sucralose, is made from sugar and ta... | Corporate News |
HEART FEDERAL <HFED> SETS TWO FOR ONE SPLIT
| Heart Federal Savings and Loan
Association said its board declared a two-for-one stock split,
payable April 30 to holders of record April 15.
The company said the split is subject to shareholder
approval at the April 15 annual meeting of an increase in
authorized common shares to 10 mln from five mln.
... | Corporate News |
NOVO INDUSTRI A/S (NVO.CO) YEAR 1986
| Pre-tax income 788 mln Danish crowns vs 872 mln
Sales 4.21 billion crowns vs 4.11 billion
Income after tax 521 mln crowns vs 604 mln
Earnings per 20-crown share 20.45 crowns vs 23.79
Dividend 20 pct (unchanged).
| Corporate News |
OVERMYER CORP <OMCO> REGULAR DIVIDEND
| Qtly div 10 cts vs 10 cts in prior qtr
Payable March 31
Record March 23
| Corporate News |
UNIFORCE TEMPORARY PERSONNEL INC <UNFR> 4TH QTR
| Shr 18 cts vs 14 cts
Net 556,036 vs 403,945
Sales 15.6 mln vs 13.6 mln
Avg shrs 3,132,555 vs 2,934,285
Year
Shr 60 cts vs 48 cts
Net 1,805,229 vs 1,400,247
Sales 60.1 mln vs 52.3 mln
Avg shrs 3,012,917 vs 2,940,219
NOTE: 1985 share data adjusted to reflect three f... | Financial Reports |
U.K. MONEY MARKET GIVEN 106 MLN STG ASSISTANCE
| The Bank of England said it gave the
money market assistance worth 106 mln stg this afternoon,
buying bank bills at the rates established on Monday.
The Bank bought 11 mln stg of band one bills at 10-3/8 pct
and 95 mln stg of band two paper at 10-5/16 pct. This is the
first time that it has intervened t... | Corporate News |
PIC'N'SAVE CORP <PICN> 4TH QTR NET
| Shr 45 cts vs 50 cts
Net 18.0 mln vs 19.9 mln
Sales 116.1 mln vs 108.8 mln
Year
Shr 1.01 dlrs vs 1.04 dlrs
Net 39.8 mln vs 41.1 mln
Sales 304.5 mln vs 278.1 mln
NOTE: Share adjusted for three-for-two split in June 1986.
| Market and Economy |
GOODYEAR TIRE TO RECEIVE 588 MLN DLRS FOR GOODYEAR AEROSPACE FROM LORAL CORP
|
GOODYEAR TIRE TO RECEIVE 588 MLN DLRS FOR GOODYEAR AEROSPACE FROM LORAL CORP
| Other |
HUGHES TOOL <HT> BOARD APPROVES MERGER
| Hughes Tool Co said its board voted at
a special meeting last night to approve a new agreement with
regulators that would allow the company to complete its
proposed merger with Baker International Corp <BKO>.
The agreement, approved by the U.S. Department of Justice
yesterday, will give the merged co... | Corporate News |
AGENCY TO REVIEW JOHNSON AND JOHNSON SWEETENER
| Johnson and Johnson said the U.S.
Food and Drug Administration has notified the company its food
additive petition for a high-intensity sweetener has been
formally accepted and now will be reviewed by the agency.
The company said the product, with the generic name of
sucralose, is made from sugar and ta... | Financial Reports |
HANSON TRUST PLC UNIT TO SELL KAISER CEMENT TERMINAL AND PLANT FOR 50 MLN DLRS
|
HANSON TRUST PLC UNIT TO SELL KAISER CEMENT TERMINAL AND PLANT FOR 50 MLN DLRS
| Financial Reports |
TRITON ENERGY <OIL> AFFILIATE IN CANADIAN FIND
| Triton Energy Corp said its 70 pct owned
<Canadian Worldwide Energy Ltd> affiliate's Lasmo et al
Tableland 4-36-2-10W2 well in Saskatchewan flowed 567 barrels
of 37 degree gravity oil through a 17/64 inch choke from depths
of 8,531 to 8,548 feet and 636 barrels of oil per day through a
20/64 inch choke f... | Financial Reports |
HUNGARY HOPES DEVALUATION WILL END TRADE DEFICIT
| National Bank of Hungary first
vice-president Janos Fekete said he hoped a planned eight pct
devaluation of the forint will spur exports and redress last
year's severe trade deficit with the West.
Fekete told Reuters in an interview Hungary must achieve at
least equilibrium on its hard currency trade.
... | Financial Reports |
ECUADOR DEPUTY MINISTER SEEKS OIL AID IN VENEZUELA
| Ecuador's deputy energy minister
Fernando Santos Alvite arrived here last night for talks on
further Venezuelan assistance to his country's oil industry
following last week's earthquake, officials said.
Ecuador was obliged to suspend crude oil exports for an
expected five months as a result of damage to... | Financial Reports |
HOG AND CATTLE SLAUGHTER GUESSTIMATES
| Chicago Mercantile Exchange floor
traders and commission house representatives are guesstimating
today's hog slaughter at about 295,000 to 308,000 head versus
305,000 week ago and 308,000 a year ago.
Cattle slaughter is guesstimated at about 128,000 to
132,000 head versus 130,000 week ago and 126,000 a ... | Financial Reports |
GOODYEAR <GT> TO RECEIVE 588 MLN DLRS FOR UNIT
| Goodyear Tire and Rubber Co said it
will receive about 588 mln dlrs in cash from Loral Corp <LOR>
for the business of Goodyear Aerospace Corp.
Goodyear said the previously announced acquisition by Loral
is expected to be completed March 13. When Loral announced the
transaction January 12, the company... | Financial Reports |
VEBA'S RAAB KARCHER RAISES 1986 OPERATING PROFIT
| Raab Karcher AG, a trading
subsidiary of VEBA AG <VEBG.F>, said it increased operating
profit in 1986 despite a sharp decline in turnover, and added
there were good chances this profit level could be held in
1987.
Operating profit rose to just under 120 mln marks in 1986,
from around 100 mln in 198... | Financial Reports |
HOVNANIAN ENTERPRISES <HOV> SPLITS STOCK
| Hovnanian Enterprises Inc said
its board of directors has declared a two-for-one split of its
outstanding common stock.
The company said shareholders will receive one additional
share for each share held at the close of business on March 23,
1987 and additional shares will be distributed on April 13,
... | Financial Reports |
BRITISH AEROSPACE RAISES SYSTEM DESIGNERS STAKE
| British Aerospace Plc <BAEL.L> said it
has increased its stake in <Systems Designers Plc> to 22.1 pct
or 25.46 mln ordinary shares following the purchase of 10.45
mln ordinary shares.
The British Aerospace Pension Fund holds 2.15 mln ordinary
shares in Systems, representing a stake of 1.9 pct.
... | Corporate News |
OWENS AND MINOR INC <OBOD> RAISES QTLY DIVIDEND
| Qtly div eights cts vs 7.5 cts prior
Pay March 31
Record March 13
| Market and Economy |
ESSELTE BUSINESS SYSTEMS INC <ESB> UPS PAYOUT
| Qtly div 18 cts vs 14 cts prior
Pay March 31
Record March 25
| Financial Reports |
KATY INDUSTRIES INC <KT> 4TH QTR NET
| Oper shr profit 32 cts vs loss 66 cts
Oper net profit 2,454,000 vs loss 3,558,000
Sales 96.1 mln vs 91.4 mln
Year
Oper shr profit 72 cts vs loss 63 cts
Oper net profit 6,495,000 vs loss 1,833,000
Sales 368.1 mln vs 322.1 mln
NOTE: Earnings exclude losses from discontinued
c... | Financial Reports |
<PMI FUND INC> SETS MONTHLY DIVIDENDS
| PMI Fund Inc said its board declared
monthly dividends of six cts for April, four cts for May, five
cts for June, seven cts for July and six cts for August.
The fund, which customarily omits dividends in March and
September, last paid six cts in February. Dividends declared
today are payable April Thre... | Financial Reports |
MERRY-GO-ROUND ENTERPRISES INC <MGRE> 4TH QTR
| Jan 31 end
Shr 51 cts vs 38 cts
Net 3,254,000 vs 2,423,000
Sales 65.9 mln vs 51.1 mln
Year
Shr 1.18 dlrs vs 1.15 dlrs
Net 7,485,000 vs 7,285,000
Sales 207.5 mln vs 164.1 mln
| Corporate News |
TENERA LP <TLPZV> SETS INITIAL QUARTERLY
| TENERA LP said it will make an
initial quarterly distribution of 17 cts per unit on April 15
to holders of record March 31.
The partnership said the dividend is greater than it had
expectd to pay and was warranted by fourth quarter results and
anticipated results for this year's first quarter.
TEN... | Financial Reports |
HANSON <HAN> UNIT TO SELL KAISER TERMINAL/PLANT
| Hanson Industries, the U.S. arm of
Hanson Trust PLC <HAN>, said it has proposed to sell, in
separate transactions, Kaiser Cement's Northwest Terminals and
Montana City plant, to Lone Star Industries Inc <LCE> and <Ash
Grove Cement West Inc>, respectively for a total of 50.2
mln dlrs.
Hanson s... | Financial Reports |
ECUADOR OFFICIAL SEEKS OIL AID IN VENEZUELA
| Ecuador's deputy energy minister
Fernando Santos Alvite arrived here last night for talks on
further Venezuelan assistance to his country's oil industry
following last week's earthquake, officials said.
Ecuador was obliged to suspend crude oil exports for an
expected five months as a result of damage to... | Financial Reports |
SCIENTIFIC MICRO SYSTEMS <SMSI> ACUIRES SUPERMAC
| Scientific Micro Systems Inc said it
has acquired Supermac Technology, a rapidly growing supplier of
enhancement products and disc drive subsystems for the Apple
personal computer market.
Scientific Micro said it acquired all the common stock of
Supermac in exchange for 1.05 mln shares of its own common... | Corporate News |
U.S. 4TH QTR BALANCE OF PAYMENTS TRADE DEFICIT WAS RECORD 38.37 BILLION DLRS
|
U.S. 4TH QTR BALANCE OF PAYMENTS TRADE DEFICIT WAS RECORD 38.37 BILLION DLRS
| Financial Reports |
NY TRADERS SAY E.C. SOLD 71,000 TONNES OF WHITE SUGAR AT TENDER.
|
NY TRADERS SAY E.C. SOLD 71,000 TONNES OF WHITE SUGAR AT TENDER.
| Financial Reports |
U.K. MONEY MARKET GIVEN LATE HELP OF 240 MLN STG
| The Bank of England said it provided the
money market with unspecified late assistance of around 240 mln
stg.
This brings its total assistance on the day to 346 mln stg
compared with a liquidity shortfall it estimated at a revised
250 mln stg.
Overnight interbank sterling was being offered at eigh... | Financial Reports |
OUTOKUMPU RESTRUCTURES COPPER DIVISION
| Finland's mining and metals group
Outokumpu Oy <OUTO.HE>, which last week reported a 1986 loss of
83 mln markka after three successive years of profits, said it
restructured its key copper processing division in an attempt
to rationalize production and improve profitability.
Outokumpu's Managing Dire... | Commodities and Trade |
U.S. TRADE DEFICIT 38.37 BILLION DLRS IN 4TH QTR
| The U.S. merchandise trade deficit
on a balance of payments basis was a record 38.37 billion dlrs
in the October to December fourth quarter, the Commerce
Department said.
The record trade shortfall came after a revised 37.15
billion dlr third quarter deficit. The department previously
reported the thi... | Financial Reports |
UK INTERVENTION BD SAYS EC SETS WHITE SUGAR TENDER REBATE 43.248 ECUS.
|
UK INTERVENTION BD SAYS EC SETS WHITE SUGAR TENDER REBATE 43.248 ECUS.
| Commodities and Trade |
BAYER USA <BAYRY> AFFILIATES INCREASED SALES
| Bayer USA Inc said sales of its
affiliated operating cmpanies based in the U.S. increased in
1986 by 4.4 pct from the previous year.
Combined sales were 4.2 billion dlrs, up from 4.0 billion
dlrs in 1985, the company said.
However, the company said net income was 106.9 mln dlrs,
three pct below 19... | Corporate News |
AMERICAN EXPRESS <AXP> VIEWING SHEARSON OPTIONS
| American Express Co, rumored to be
considering a spinoff of part of Shearson Lehman Brothers Inc,
said it is studying a range of options for its brokerage unit
that could improve Shearon's access to capital and help it meet
broadening international competition.
In a joint statement, American Express and... | Financial Reports |
DEB SHOPS INC <DEBS> SETS STOCK SPLIT
| Deb Shops Inc said its board
declared a 100 pct stock dividend and will increase the
quarterly dividend to four cts from 3-1/4 cts after adjustm,ent
for the split.
The company said the split is payable April 17 to holders
of record March 25. The dividend increase will be effective
with the April 30 p... | Other |
CANADA LEADING INDICATOR UP 0.4 PCT IN DECEMBER, AFTER 0.4 PCT NOVEMBER GAIN - OFFICIAL
|
CANADA LEADING INDICATOR UP 0.4 PCT IN DECEMBER, AFTER 0.4 PCT NOVEMBER GAIN - OFFICIAL
| Commodities and Trade |
CONTINENTAL HEALTH <CTHL> PURCHASES MARKETECH
| Continental Health
Affiliates Inc said that it has acquired <Marketech Inc>, an 80
pct partner in <Diatronics Nutrition Services>.
Continental said Diantronics Nutrition Services is a joint
venture with physicians providing patient-ready home infusion
therapy products and services to outpatients o... | Other |
VISUAL GRAPHICS SETS DIVIDENDS
| Visual Graphics Corp <VGCA> <VGCB>
said its board declared a quarterly dividend of 7-1/2 cts per
share on its class "B" common stock and 8-1/4 cts per share on
class "A" common stock payable April Three to shareholders of
record as of March 23.
The company set up the two classes of common stock i... | Financial Reports |
DEB SHOPS INC <DEBS> 4TH QTR JAN 31 NET
| Shr 71 cts vs 57 cts
Net 5,457,000 vs 4,299,000
Sales 62.9 mln vs 50.1 mln
Year
Shr 1.65 dlrs vs 1.37 dlrs
Net 12.6 mln vs 10.4 mln
Sales 181.4 mln vs 147.1 mln
| Financial Reports |
SIGMA MINES DETAILS GOLD ORE RESERVES
| <Sigma Mines (Quebec) Ltd>, 65 pct
owned by Dome Mines Ltd <DM>, said its Sigma Mine had proven
and probable reserves at the end of 1986 of 4,902,940 tons,
with an average grade of 0.139 ounces of gold a ton.
Sigma said the reserves are equivalent to 10 years future
production at current milling r... | Corporate News |
REGENCY CRUISES INC <SHIP> 4TH QTR NET
| Shr profit nine cts vs loss two cts
Net profit 1,419,000 vs loss 314,000
Revs 8,097,000 vs 4,794,000
Avg shrs 15.8 mln vs 15.5 mln
Year
Shr profit 37 cts vs loss 10 cts
Net profit 5,695,000 vs loss 1,268,000
Revs 40.9 mln vs 4,794,000
Avg shrs 15.6 mln vs 12.5 mln
... | Corporate News |
SEAMAN FURNITURE CO INC <SEAM> 3RD QTR JAN 31
| Shr 64 cts vs 51 cts
Net 4,373,000 vs 3,346,000
Sales 59.8 mln vs 45.5 mln
Avg shrs 6,808,000 vs 6,600,000
Nine mths
Shr 1.57 dlrs vs 1.18 dlrs
Net 10.7 mln vs 7,745,000
Sales 167.0 mln vs 123.1 mln
| Corporate News |
NOVO INDUSTRI EARNINGS FALL DESPITE INCREASED SALES
| Danish-based insulin and enzymes
producer Novo Industri A/S (NVO.CO) said pre-tax earnings fell
almost 10 pct in 1986 though sales rose by two pct.
The pre-tax figure fell to 788 mln crowns from 872 mln in
1985, on sales increased from 4.1 billion to 4.2 billion,
giving net earnings of 521 mln crowns ag... | Financial Reports |
SCS/COMPUTE INC <SCOM> 3RD QTR JAN 31 LOSS
| Shr loss 30 cts vs loss 43 cts
Net loss 891,000 vs loss 969,000
Revs 1,930,000 vs 1,815,000
Avg shrs 2.9 mln vs 2.2 mln
Nine Mths
Shr loss one dlr vs loss 1.36 dlrs
Net loss 2,622,000 vs loss 3,037,000
Revs 4,638,000 vs 4,105,000
Avg shrs 2.6 mln vs 2.2 mln
| Corporate News |
SECURITIES DEALER HAS LEASEWAY <LTC> STAKE
| Alpine Associates, a Cresskill, N.J.
securities dealer, told the Securities and Exchange Commission
it has acquired 565,100 shares of Leaseway Transport
Corp, or 5.9 pct of the total outstanding common stock.
Alpine, a limited partnership, said it bought the stock for
28.1 mln dlrs as an investment in t... | Financial Reports |
EMPIRE OF CAROLINA INC <EMP> YEAR NET
| Shr 1.26 dlrs vs 67 cts
Net 7,299,000 vs 3,607,000
Revs 52.4 mln vs 40.7 mln
Avg shrs 6,028,755 vs 2,408,766
NOTE: 1985 results restated to include Deltona Corp <DLT>
investment on equity method.
| Financial Reports |
VHC LTD <VHCL> 4TH QTR OPER NET
| Oper shr profit 18 cts vs loss one ct
Oper net profit 387,832 vs loss 29,312
Revs 6,872,630 vs NA
Year
Oper shr profit 39 cts vs loss 23 cts
Oper net profit 835,010 vs loss 441,836
Revs 20.8 mln vs NA
Avg shrs 2,135,909 vs 1,885,909
NOTE: Excludes gains of 378,000 dlrs ... | Financial Reports |
TRANSTECH INDUSTRIES INC <TRTI> YEAR NET
| Oper shr 91 cts vs seven cts
Oper net 4,356,774 vs 289,764
Revs 69.2 mln vs 50.2 mln
Avg shrs 4,736,692 vs 4,151,672
NOTE: 1985 net excludes 3,027,714 dlr loss from
discontinued operations.
| Financial Reports |
THAI SUGAR PRODUCTION INCREASES
| Thai sugar production totalled 960,788
tonnes in January, an increase of 12.7 pct on January 1986,
according to figures received by the International Sugar
Organization.
November and December production figures also exceeded last
year's totals with the result that output in the first three
months of t... | Financial Reports |
CANADA DECEMBER LEADING INDICATOR UP 0.4 PCT
| Canada's leading composite indicator
advanced 0.4 pct in December after gaining 0.4 pct in the two
previous months, Statistics Canada said.
The unfiltered index rose 0.8 pct in the month, a
turnaround from the 0.3 pct decline in November, the federal
agency said.
The manufacturing groups continued... | Financial Reports |
ANOVA VENTURES SETS DIVIDEND IN DUEVEL SHARES
| <ANova Ventures Corp> said its board
declared a dividend payable in the form of registered shares of
stock in <Duvel Corp>, a blind public pool.
ANova describes itself as a publishing and financial
services firm specializing in arranging revers acquisitions and
mergers between blind pools/shells a... | Corporate News |
CHRYSLER <C> DEAL LEAVES UNCERTAINTY FOR AMC WORKERS
| Chrysler Corp's 1.5 billion dlr bid to
takeover American Motors Corp <AMO> should help bolster the
small automaker's sales, but it leaves the future of its 19,000
employees in doubt, industry analysts say.
It was "business as usual" yesterday at the American Motors
headquarters, one day after the pro... | Financial Reports |
ST. JOE GOLD TO DEVELOP ONTARIO MINE
| St. Joe Gold Corp said it plans to
proceed with development of its Golden Patricia gold property
in northwestern Ontario.
It said about five mln dlrs will be spent to continue
underground development and obtain operating permits and
another 10.2 mln dlrs is expected to be required to complete
undergro... | Other |
NUCOR CORP <NUE> RAISES QUARTERLY
| Qtly div nine cts vs eight cts prior
Pay May 12
Record March 31
| Financial Reports |
<KELSEY-HAYES CANADA LTD> YEAR NET
| Shr 1.60 dlrs vs 3.12 dlrs
Net 10.6 mln vs 20.6 mln
Revs 162.5 mln vs 214.6 mln
Note: 1985 shr restated to reflect January 31, 1986 stock
split.
73 pct-owned by Kelsey-Hayes Co.
| Financial Reports |
RIGGS NATIONAL CORP <RIGS> SETS QUARTERLY
| Qtly div 27-1/2 cts vs 27-1/2 cts prior
Pay April 15
Record March 31
| Financial Reports |
<PACER SYSTEMS> TO MAKE ACQUISITION
| Pacer Systems said it has
agreed in principle to acquire the assets of Sea Data Corp, a
maker of low-powered electronic systems including undersea
intelligent recording sensors and high-density digital data
recorders, for one mln dlrs.
| Financial Reports |
ROPAK <ROPK> HAS 34 PCT OF BUCKHORN <BKN>
| Ropak Corp said it received
and accepted about 456,968 common shares and 527,035 Series A
convertible preferred shares of Buckhorn Inc at four dlrs and
5.75 dlrs each respectively in response to its tender offer
that expired Friday, and it now owns 34.4 pct of Buckhorn
voting power.
The company had ow... | Financial Reports |
SPAIN QUALIFIES RESERVE REQUIREMENTS STATEMENT
| A Bank of Spain spokesman qualified a
bank statement announcing an extension of reserve requirements
to convertible peseta funds held by banks, saying the move
applied only to future rises above current balances.
"The 19 pct reserve requirement will only be applied to
further increases in bank's convert... | Financial Reports |
SPAIN'S MONEY SUPPLY GROWTH DOUBLES IN FEBRUARY
| Spain's broad based M-4 money supply
rose at an annualised rate of 16.7 pct in February against 8.1
pct in January and 22.4 pct in February last year, Bank of
Spain figures show.
The broad-based money supply is measured as liquid assets
in public hands plus quasi-monetary assets.
Money supply grow... | Corporate News |
DEALERS WARY OVER STERLING INTERVENTION RUMOUR
| Foreign exchange market rumours that the
the Bank of England has been selling sterling to halt its rise
prompted a wary response from dealers who said they saw no
obvious confirmation, market sources said.
Bank of England officials were not immediately available
for comment. Earlier this week, the Bank ... | Financial Reports |
TELEPHONE SUPPORT SYSTEMS INC <TSSI> 3RD QTR
| Nov 30 end
Shr four cts vs 11 cts
Net 62,986 vs 174,158
Sales 720,906 vs 907,542
Year
Shr 18 cts vs six cts
Net 277,852 vs 94,263
Sales 2,247,374 vs 2,030,390
| Financial Reports |
NETWORK VIDEO INC <NVID> 3RD QTR FEB 28 NET
| Shr one ct vs five cts
Net 50,745 vs 161,019
Revs 478,700 vs 1,048,543
Avg shrs 4,350,000 vs 3,217,500
Nine mths
Shr four cts vs 12 cts
Net 169,275 vs 390,179
Revs 1,478,066 vs 2,658,692
Avg shrs 4,350,000 vs 3,217,500
| Financial Reports |
COMTECH INC <CMTL> 2ND QTR JAN 31 NET
| Oper shr profit one ct vs profit two cts
Oper net profit 63,000 vs profit 84,000
Sales 5,009,000 vs 4,042,000
1st half
Oper shr profit two cts vs loss 17 cts
Oper net profit 87,000 vs loss 794,000
Sales 9,838,000 vs 7,368,000
Backlog 17.8 mln vs 11.4 mln
NOTE: Current y... | Financial Reports |
BALTEK CORP <BTEK> 4TH QTR NET
| Oper shr 21 cts vs 34 cts
Oper net 480,000 vs 765,000
Revs 6,386,000 vs 5,862,000
Year
Oper shr 1.20 dlrs vs 78 cts
Oper net 2,692,000 vs 1,732,000
Revs 25.2 mln vs 20.3 mln
NOTEL Net excludes tax credit 35,000 dlrs vs reversal of
credit 40,000 dlrs in quarter and credits 7... | Financial Reports |
SAHLEN AND ASSOCIATES <SALNU> COMPLETES PURCHASE
| Sahlen and Associates Inc
said it has completed the purchase of Gleason Securities
Service Inc of New York and Gleason Plant Security Inc of
Connecticut.
Sahlen said the deal's terms were not disclosed, but added
that the acquired companies had combined annual revenues of
over 18 mln dlrs.
Sahle... | Financial Reports |
MEM CO INC <MEM> DECLARES QTLY DIV
| Qtly div 15 cts vs 15 cts prior
Pay May 11
Record March 31.
| Market and Economy |
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