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INSITUFORM OF NORTH AMERICA INC <INSUA> 4TH QTR
| Shr nine cts vs four cts
Net 658,159 vs 299,930
Revs 3,770,341 vs 2,614,224
Avg shrs 7,382,802 vs 6,747,442
Year
Oper shr 33 cts vs 18 cts
Oper net 2,287,179 vs 1,045,799
Revs 13.1 mln vs 8,577,853
Avg shrs 6,874,505 vs 5,951,612
NOTE: 1985 year net includes 13,00... | Corporate News |
PHILADELPHIA PORT CLOSED BY TANKER CRASH
| The port of Philadelphia was closed
when a Cypriot oil tanker, Seapride II, ran aground after
hitting a 200-foot tower supporting power lines across the
river, a Coast Guard spokesman said.
He said there was no oil spill but the ship is lodged on
rocks opposite the Hope Creek nuclear power plant in New
... | Corporate News |
MAJOR REALTY CORP <MAJR> 4TH QTR LOSS
| Shr loss 19 cts vs profit 11 cts
Net loss 1,140,270 vs profit 590,463
Revs 1,259,164 vs 3,225,512
Year
Shr loss 67 cts vs profit 10 cts
Net loss 4,004,840 vs profit 580,488
Revs 3,184,480 vs 9,123,041
| Financial Reports |
NUTMEG INDUSTRIES INC <NUTM> YEAR JAN 31 NET
| Shr 14 cts
Net 510,917
Sales 12.3 mln
NOTE: Share adjusted for five for four stock split in
January 1987.
Backlog 13.0 mln dlrs vs 3,733,000 dlrs.
Company began operating January 27, 1986.
| Financial Reports |
HENRY ANSBACHER HAS 51 PCT OF ADAMS AND PORTER INC
| <Henry Ansbacher Holdings Plc> said it
has acquired a 51 pct interest in the U.S. Retail and general
corporate insurance broker <Adams and Porter Inc>.
The move is the first step in building a new international
insurance broking group following the appointment of a new
management team for its Seas... | Industrial and Sector News |
NATWEST, RABO UNIT REPORTS 8.8 PCT PROFIT GROWTH
| Dutch bank F. Van
Lanschot Bankiers N.V., Co-owned by National Westminster PLC
<NWBL.L> and RABOBANK B.A. <RABN.A> , said 1986 net profit rose
8.8 pct to 24.1 mln guilders on a 4.8-pct higher balance sheet
total of 6.2 billion.
Van Lanschot Bankiers is a subsidiary of Van Lanschot
Beleggingscomp... | Financial Reports |
PENRIL <PNL> SEEKS TO SELL TWO UNITS
| Penril Corp said it is seeking to
sell its Triplett Electrical Instrument Corp subsidiary in
Bluffton, Ohio, and Triplett's Alltest division in Hoffman
Estates, Ill., as part of a plan to concentrate on its three
profitable division and reduce its debt load.
The company also said it is evaluating a plan... | Corporate News |
LICHT SEES RISE IN EUROPEAN BEET AREA: TRADE
| West German sugar statistician F.O.
Licht estimates European beet plantings this year at 7.22 mln
hectares compared with a revised 1986 figure of 7.21 mln,
traders said.
In its first estimate for 1987, it puts EC plantings at
1.85 mln hectares compared with 1.89 mln in 1986, while it
estimates sowings... | Other |
FED EXPECTED TO ADD RESERVES
| The Federal Reserve is expected to
intervene in the government securities market to add temporary
reserves via customer or system repurchase agreements,
economists said.
Most economists said the Fed will inject reserves
indirectly via customer repurchases, but they added that the
Fed might opt for a d... | Financial Reports |
BEN AND JERRY'S HOMEMADE INC <BJIC> 4TH QTR NET
| Shr 10 cts vs two cts
Net 163,832 vs 31,063
Sales 5,434,430 vs 3,167,735
Avg shrs 1,712,231 vs 1,533,277
Year
Shr 59 cts vs 41 cts
Net 1,016,375 vs 550,625
Sales 19.7 mln vs 9,755,018
Avg shrs 1,710,256 vs 1,327,172
| Financial Reports |
BONNEVILLE PACIFIC CORP <BPCO> 3RD QTR JAN 31
| Shr 52 cts vs 41 cts
Net 4,921,601 vs 3,157,070
Revs 35.8 mln vs 31.7 mln
Avg shrs 8,939,955 vs 7,600,000
Nine mths
Shr 52 cts vs 34 cts
Net 4,604,406 vs 2,585,621
Revs 36.0 mln vs 32.1 mln
Avg shrs 8,939,955 vs 7,600,000
| Financial Reports |
JC PENNEY <JCP> UP ON SMITH BARNEY OPINION
| J.C. Penney Co's stock rose sharply
after analyst William Smith of Smith Barney recommended the
stock, based on the company's strong earnings momentum and the
possibility of a stock buyback, dividend hike or stock split,
traders said.
"I am very impressed with the strong basic earnings story,"
analys... | Financial Reports |
COMPUTER LANGUAGE RESEARCH IN <CLRI> 4TH QTR
| Shr loss 22 cts vs loss 18 cts
Net loss 3,035,000 vs loss 2,516,000
Revs 20.9 mln vs 19.6 mln
Qtly div three cts vs three cts prior
Year
Shr profit two cts vs profit 34 cts
Net profit 215,000 vs profit 4,647,000
Revs 93.4 mln vs 98.7 mln
NOTE: Dividend payable April one... | Corporate News |
GERMAN SUGAR OFFERS PUT AT ABOUT 100,000 TONNES
| The West German intervention board said
about 100,000 tonnes of sugar have been offered into
intervention so far.
A spokesman, speaking from Frankfurt, told Reuters offers
have increased recently but contracts have not yet been
concluded. A European Commission spokesman in Brussels earlier
confirmed t... | Other |
BANKERS TRUST CO RAISES BROKER LOAN RATE
| Bankers Trust Co said it raised its
broker loan rate to 7-1/4 pct from seven pct, effective
immediately.
U.S. Trust Co, which also quotes its broker loan rate
publicly, is posting a 7-1/2 pct rate.
| Financial Reports |
SIGMA MINES DETAILS GOLD ORE RESERVES
| <Sigma Mines (Quebec) Ltd>, 65 pct
owned by Dome Mines Ltd, 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 rates.
... | Other |
MOORE MCCORMACK <MMC> TO SELL GLOBE UNIT
| Moore McCormack Resources Inc said it
agreed in principle to sell its Globe Metallurgical Inc unit to
Cyprus Minerals Co <CYPM> for undisclosed terms.
The sale, expected to close by mid-April, is subject to
certain conditions, including board approval at both companies.
Globe produces silicon met... | Corporate News |
U.S. HOSUING COMPLETIONS FELL 0.2 PCT IN JANUARY
| U.S. Completions of new homes fell
0.2 pct in January to a seasonally adjusted rate of 1.884 mln
units from 1.888 mln in December, the Commerce Department said.
The January fall came after a strong 6.4 pct rise from
November's rate of 1.774 mln units and brought completions to
6.7 pct above the January,... | Financial Reports |
<DALE BURDETT INC> FACES DAMAGE CLAIM
| Dale Burdett Inc said it
faces damages claims totalling about 420,000 dlrs from the
former owners of Burdett Publications Inc.
The company said on February 20, 1986, its predecessor
Nolex Development Inc acquired Burdett Publications Inc in an
exchange of 17 mln common shares for all Burdett Publication... | Financial Reports |
U.S. JUSTICE DEPARTMENT REVIEWS ICAHN USAIR FILING
| The U.S. Department of Justice (DOJ)
is reviewing whether Trans World Airlines Inc <TWA> and
Chairman Carl Icahn violated federal antitrust law by failing
to seek advance clearance from the DOJ or the Federal Trade
Commission for his extensive open-market purchases of USAir
Group Inc <U> stock, a DOJ ... | Financial Reports |
T CELL SCIENCES INC <TCEL> 3RD QTR JAN 31 LOSS
| Shr loss one ct vs loss 16 cts
Net loss 117,989 vs loss 528,394
Revs 820,484 vs 35,186
Avg shrs 8,226,577 vs 3,150,000
Nine mths
Shr loss seven cts vs loss 37 cts
Net loss 527,864 vs loss 1,177,434
Revs 1,975,487 vs 90,875
Avg shrs 7,277,418 vs 3,150,000
| Financial Reports |
DUTCH ADJUSTED UNEMPLOYMENT UNCHANGED IN FEBRUARY
| Dutch seasonally-adjusted
unemployment totalled 690,600 people in February, unchanged
from January but down from 732,700 in February 1986, a Social
Affairs Ministry spokesman said.
The unadjusted figure stood at 708,700 at the end of last
month, a decline of 3,800 from the January total of 712,500 and
... | Corporate News |
PUROLATOR <PCC> IN BUYOUT WITH HUTTON <EFH>
| New Jersey-based overnight messenger
Purolator Courier Corp said it has agreed to be acquired for
about 265 mln dlrs by a company formed by E.F. Hutton LBO Inc
and certain managers of Purolator's U.S. courier business.
Analysts have said that Purolator has been for sale for
some time. Purolator announce... | Financial Reports |
U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JAN
| Completions of new homes fell 0.2
pct in January to a seasonally adjusted rate of 1.884 mln units
from 1.888 mln in December, the Commerce Department said.
The January fall came after a strong 6.4 pct rise from
November's rate of 1.774 mln units and brought completions to
6.7 pct above the January, 1986... | Commodities and Trade |
MITCHELL ENERGY AND DEVELOPMENT CORP <MND> NET
| 4th qtr Jan 31
Shr five cts vs 28 cts
Net 2,448,000 vs 13.3 mln
Revs 156.1 mln vs 225.5 mln
Avg shrs 47.3 mln vs 47.8 mln
Year
Shr 18 cts vs 1.01 dlrs
Net 8,430,000 vs 48.2 mln
Revs 587.9 mln vs 843.9 mln
Avg shrs 47.4 mln vs 47.9 mln
| Financial Reports |
U.S. HOUSING COMPLETIONS FELL 0.2 PCT IN JANUARY
| U.S. Completions of new homes fell
0.2 pct in January to a seasonally adjusted rate of 1.884 mln
units from 1.888 mln in December, the Commerce Department said.
The January fall came after a strong 6.4 pct rise from
November's rate of 1.774 mln units and brought completions to
6.7 pct above the January,... | Financial Reports |
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
|
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
| Financial Reports |
GROUNDWATER TECHNOLOGY INC <GWTI> 3RD QTR JAN 31
| Shr 19 cts vs 12 cts
Net 850,000 vs 432,000
Sales 9,850,000 vs 4,783,000
Avg shrs 4,504,000 vs 3,527,000
Nine mths
Shr 57 cts vs 37 cts
Net 2,400,000 vs 1,281,000
Sales 25.2 mln vs 12.8 mln
Avg shrs 4,233,000 vs 3,485,000
| Commodities and Trade |
SEVEN OAKS INTERNATIONAL INC <QPON> IN PAYOUT
| Qtly div four cts vs four cts prior
Pay April 15
Record March 23
| Financial Reports |
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
| The Federal Reserve entered the U.S.
Government securities market to arrange two billion dlrs of
customer repurchase agreements, a Fed spokesman said.
Dealers said Federal funds were trading at 6-5/16 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
| Commodities and Trade |
CHINA BUYS U.S. HARD AND SOFT WHEAT
| Private exporters said China bought a
total of 550,000 tonnes of U.S. wheat under the export
enhancement program, with final confirmation by the U.S.
Department of Agriculture of the subsidies still awaited.
The purchase consisted of a total of 340,000 tonnes of hard
red winter wheat for various May/Aug... | Financial Reports |
PROPERTY TRUST OF AMERICA <PTRAS> YEAR NET
| Ope shr 63 cts vs 80 cts
Oper net 3,169,000 vs 3,757,000
Revs 9,585,000 vs 10.2 mln
Avg shrs 5,070,000 vs 4,721,000
NOTE: Net excludes gains from sale of investments of
887,000 dlrs vs 304,000 dlrs.
| Financial Reports |
PAKISTAN COTTON OUTPUT REACHES 7.7 MLN BALES
| Pakistan cotton production during the
current crop season (Sept/March) reached 7.7 mln bales of 375
pounds each, up 500,000 from last season, Shafi Niaz, Chairman
of the Agricultural Prices Commission, said.
Official sources said Pakistan was likely to use 3.4 mln
bales of cotton during the current fina... | Financial Reports |
CHI-CHI'S INC <CHIC> 3RD QTR JAN 31 LOSS
| Shr loss 38 cts vs profit eight cts
Net loss 10.4 mln vs profit 2,144,317
Revs 72.9 mln vs 67.4 mln
Nine mths
Shr loss 21 cts vs profit 38 cts
Net loss 5,747,393 vs profit 10.1 mln
Revs 224.6 mln vs 200.6 mln
NOTE: Current year net both periods includes 20.0 mln dlr
pretax ... | Other |
CHEMLAWN CORP SAID IT IS TALKING WITH NEW SUITORS ABOUT BEING ACQUIRED
|
CHEMLAWN CORP SAID IT IS TALKING WITH NEW SUITORS ABOUT BEING ACQUIRED
| Financial Reports |
CHI-CHI'S <CHIC> TAKES 20 MLN DLR CHARGE
| Chi-Chi's Inc said it has taken
a 20 mln dlr pretax charge against earnings for the third
quarter ended January 31 to cover the cost of disposing of 21
"underperforming" company-owned restaurants.
The company also said it has agreed to repurchase up to
three mln common shares on the open market.
T... | Commodities and Trade |
DUPONT <DD> UP ON RECOMMENDATIONS
| Shares of Du Pont Co rose today after
accumulating recommendations from Shearson Lehman Brothers and
First Boston, traders said.
Du Pont, which opened with a two point gain, stood at
109-1/8, up 1-1/8.
First Boston's analyst was not available for comment.
Analyst Theodore Semegran of Shearson ... | Market and Economy |
CHEMLAWN <CHEM> IN TALKS ON BEING ACQUIRED
| ChemLawn Corp said it has
started talks on the possible sale of the company with "various
parties" that it did not identify.
The company said the talks began after it considred and
rejected Waste Management Inc's <WMX> 27 dlr per share tender
offer for all its sharesd.
ChemLawn gave no details ... | Financial Reports |
SHV WITHDRAWS IC GAS OFFER
| SHV Holdings NV said it is
withdrawing its take-over bid for Imperial Continental Gas
Association <ICGS.L> after failing to gain the minimum number
of pledges sought from IC Gas shareholders.
SHV said in a statement it had sought to gain 750,000 IC
Gas shares under a 700p offer for IC Gas ordinary st... | Commodities and Trade |
PROGRESS AT RUBBER PACT TALKS REPORTED SLOW
| Negotiators at a United Nations
conference on natural rubber are making slow progress towards
reaching an agreement, delegates said.
The conference, which began Monday, is widely seen as the
final effort to adopt a new International Natural Rubber
Agreement (INRA) before the current one expires in Octob... | Financial Reports |
LORD ABBETT AND CO DECLARES MUTUAL FUND DIVS
| LORD ABBETT VALUE APPRECIATION FUND
Annual div 33 cts vs 23 cts prior
Long term capital gain 2.06 vs 75 cts prior
Short term capital gain 18 cts vs 11 cts prior
Pay April 6
Record March 12
LORD ABBETT U.S. GOVERNMENT SECURITIES FUND
Daily div .029 cts vs .029 cts prior... | Other |
<ASSOCIATES CORP OF NORTH AMERICA> 1ST QTR NET
| Qtr ended Jan 31
Net 55.3 mln dlrs vs 51.7 mln dlrs
Revs 419.1 mln vs 391.7 mln
Note: Revs include investment and other income of 18.4 mln
dlrs vs 18.5 mln dlrs.
Company is wholly owned by Gulf and Western Corp <GW>.
| Corporate News |
NEWPORT PHARMACEUTICALS <NWPH> 3RD QTR LOSS
| Period ended January 31.
Shr loss six cts vs profit one ct
Net loss 536,000 vs profit 166,000
Revs 2,099,000 vs 3,149,000
Avg shrs 10,429,000 vs 9,943,000
Nine Mths
Shre loss nine cts vs loss five cts
Net loss 790,000 vs loss 377,000
Revs 7,089,000 vs 7,646,000
Av... | Commodities and Trade |
THE RAYMOND CORP <RAYM> DECLARES QTLY DIV
| Qtly div 11-3/4 cts vs 11-3/4 cts prior
Pay March 27
Record March 13
| Financial Reports |
MITCHELL ENERGY <MND> AGAIN CUTS CAPITAL OUTLAYS
| Mitchell Energy and
Development Corp said it plans to hold its capital spending in
fiscal 1988, ending January 31, to 96 mln dlrs, down from the
123 mln dlrs spent in 1987 and 213 mln dlrs in 1986.
The company also said its natural gas revenues so far this
year have been reduced by lower contract custom... | Financial Reports |
INVESTOR TO TAKE CONTROL OF RIVER OAKS <ROI>
| River Oaks Industries Inc said
it agreed in principle to give control of the company to Benson
Seizer, a New York investor, in return for 2.6 mln dlrs in
capital.
The company, a maker of mobile homes, said it terminated
merger discussions with <Nursing Centers of America>.
River Oaks said it wi... | Financial Reports |
FINANCIAL SANTA BARBARA <FSB> TO MAKE PURCHASE
| Financial Corp of Santa
Barbara said it has signed a definitive agreement to purchase
Stanwell Financial, the lending operations unit of mortgage
banking company <Stanwell Mortgage>, for undisclosed terms.
| Financial Reports |
GEVAERT NV <GEVN.BR> 1986 YEAR
| Consolidated group net profit 1.88 billion francs vs 1.29
billion.
Net financial and operating profit 1.11 billion vs 825.1
mln.
Extraordinary earnings 774.7 mln vs 462.8 mln.
Net dividend 165 francs vs 150.
| Corporate News |
NATIONAL SAVINGS MOVE POINTS TO LOWER U.K. RATES
| U.K. Interest rates look set to move
lower even after Monday's half-point cut in bank base rates to
10-1/2 pct, analysts said, citing as evidence the suspension of
a British National Savings issue yesterday.
The Department of National Savings, effectively a Treasury
Department unit, yesterday suspended ... | Market and Economy |
NICOR INC <GAS> REGULAR DIVIDEND SET
| Qtly div 45 cts vs 45 cts previously
Pay May 1
Record March 31
| Financial Reports |
HANDLEMAN CO <HDL> SETS QUARTERLY
| Qtly div 14 cts vs 14 cts prior
Pay April 10
Record March 27
| Other |
PERINI CORP <PCR> SETS QUARTERLY
| Qtly div 20 cts vs 20 cts prior
Pay June 16
Record May 22
| Financial Reports |
JONES AND VINING SAID VULCAN CORP OFFERS FIVE DLRS A SHARE FOR JONES
|
JONES AND VINING SAID VULCAN CORP OFFERS FIVE DLRS A SHARE FOR JONES
| Other |
INTERNATIONAL BANKNOTE CO INC <IBK> 4TH QTR LOSS
| Oper shr loss 11 cts vs loss 14 cts
Oper net loss 1,963,000 vs loss 2,199,000
Revs 17.5 mln vs 40.9 mln
Year
Oper shr profit nine cts vs profit two cts
Oper net profit 1,555,000 vs 456,000
Revs 86.3 mln vs 143.7 mln
NOTE: Net excludes extraordinary tax charges of 115,000
dl... | Commodities and Trade |
ALCAN TO CLOSE WEST GERMAN ALUMINIUM SMELTER
| <Alcan Aluminiumwerke
GmbH>, a subsidiary of Alcan Aluminium Ltd <AL.N> of Canada,
said it plans to close its aluminium smelter in Ludwigshafen at
the end of June.
A spokesman said Alcan was closing the smelter, with annual
capacity of 44,000 tonnes and 320 employees, because of high
electricity... | Financial Reports |
EC CONCERNED OVER U.S. TEXTILE IMPORT MOVES
| The European Community (EC) expressed
disquiet over protectionist moves in the United States to limit
imports of textiles and said it would retaliate immediately if
EC exports were hit.
A spokeswoman for the EC Commission said EC External Trade
Commissioner Willy De Clercq had written to his U.S.
Coun... | Corporate News |
SPEED-O-PRINT BUSINESS <SBM> 4TH QTR NET
| Shr loss seven cts vs profit 17 cts
Net loss 102,000 vs profit 258,000
Revs 1,695,000 vs 1,371,000
Year
Shr loss 33 cts vs profit 26 cts
Net loss 488,000 vs profit 384,000
Revs 6,700,000 vs 4,774,000
NOTE: 1986 results include operations of radio stations
WJYE-FM for the fu... | Commodities and Trade |
ASBESTEC INDUSTRIES <ASBS> SETS STOCK SPLIT
| Asbestec Industries Inc said
its board declared a three-for-two stock split, payable April
17, record April Three.
| Financial Reports |
QUAKER OATS CO <OAT> REGULAR DIVIDEND
| Qtly div 20 cts vs 20 cts previously
Pay April 15
Record March 23
| Financial Reports |
JONES AND VINING <JNSV> GETS VULCAN <VUL> BID
| Jones and Vining Inc said
Vulcan Corp, one of its main competitors in the production of
shoe lasts, has offered to acquire Jones and Vining for five
dlrs a share.
Jones and Vining said a management effort to take the
company private will go ahead at 4.50 dlrs per share. The form
of the buyout has not ... | Market and Economy |
PPG INDUSTRIES <PPG> SEES GROWTH IN 1987
| PPG Industries Inc will continue to
show earnings growth in 1987 despite a difficult economic
climate, the company said in its annual report, mailed to
shareholders today.
For 1986, the company's earnings rose five pct, to 316 mln
dlrs, on revenues that increased eight pct, to 4.7 billion
dlrs. Earnin... | Corporate News |
BELGIAN MINISTER UNVEILS PRIVATISATION PLAN
| Belgian Budget Minister Guy
Verhofstadt has proposed a plan to sell off shares in several
state-owned enterprises, including national airline Sabena and
the postal and telecommunications authority, government sources
said.
They said the plan could raise more than 25 billion francs
in revenue over the ... | Corporate News |
BBC AG BROWN BOVERI UND CIE <BBCZ.Z> 1986 YEAR
| Parent Company net profit 12.8 mln Swiss francs vs 7.5 mln.
Orders received 2.21 billion francs vs 2.61 billion.
Sales 2.25 billion francs vs 2.49 billion.
Group sales 13.83 billion francs vs 13.88 billion.
Group orders 11.03 billion francs vs 13.00 billion.
REUTE
| Financial Reports |
SCIENCE DYNAMICS CORP <SIDY> YEAR NET
| Shr 24 cts vs 13 cts
Net 704,803 vs 385,081
Revs 5,669,682 vs 4,142,095
| Financial Reports |
FOODARAMA SUPERMARKETS INC <FSM> 1ST QTR JAN 31
| Shr 42 cts vs 35 cts
Net 570,000 vs 476,000
Sales 122.4 mln vs 123.1 mln
NOTEL Prior year net includes pretax charge 453,000 dlrs
for reopening of eight stores.
| Financial Reports |
ENGINEERING MEASUREMENTS CO <EMCO> 3RD QTR NET
| Qtr ends Jan 31
Shr four cts vs 12 cts
Net 102,508 vs 264,910
Revs 2,278,083 vs 2,536,312
Nine mths
Shr 18 cts vs 15 cts
Net 489,253 vs 404,877
Revs 6,679,745 vs 6,613,551
NOTE: Excludes discontinued operations gain of 40,519 dlrs
in the third quarter fiscal 1986, and... | Other |
BOOTHE FINANCIAL CORP <BCMP> 4TH QTR NET
| Shr one ct vs 24 cts
Net 43,000 vs 1,032,000
Revs 10 mln vs 4.9 mln
Avg shrs 3.7 mln vs 4.3 mln
12 mths
Shr 1.02 dlrs vs 1.62 dlrs
Net 3,950,000 vs 7,308,000
Revs 30.8 mln vs 33.3 mln
Avg shrs 3.9 mln vs 4.5 mln
NOTE: 1985 restated to reflect tax loss carryforward... | Commodities and Trade |
CONSOLIDATED NATURAL GAS CO <CNG> IN PAYOUT
| Qtly div 37-1/2 cts vs 37-1/2 cts prior
Pay May 15
Record April 15
| Financial Reports |
SANDUSKY PLASTICS INC <SPI> SETS QUARTERLY
| Qtly div six cts vs six cts prior
Pay March 31
Record March 20
| Corporate News |
MARRIOTT <MHS> TO SELL HOTEL
| <Four Seasons Hotels> said it and <VMS
Realty Partners> of Chicago have agreed to purchase the Santa
Barbara Biltmore Hotel from Marriott Corp for an undisclosed
amount.
It said the venture will rename the hotel the Four Seasons
Biltmore at Santa Barbara and invest over 13 mln dlrs in
improvemen... | Corporate News |
REXNORD <REX> TO SELL RAILWAY EQUIPMENT UNIT
| Rexnord nc said it signed a
definitive agreement to sell its Railway Maintenance Equipment
Co subsidiary to Banner Industries Inc. Terms were withheld.
It said Railway Maintenance had 1986 sales of 16 mln dlrs
and employs 100 people.
Rexnord said the sale is part of a major program to divest
sever... | Commodities and Trade |
LICHT SEES STAGNANT EUROPEAN BEET AREA
| The overall area devoted to sugar
beet in Europe is forecast to remain stagnant this year at 7.22
mln hectares compared with 7.21 mln ha in 1986, West German
statistician F.O. Licht said.
It was feared that the recent steep rise in sugar prices
would have a marked effect on planting intentions this year... | Commodities and Trade |
BRITAIN TO MINT NEW "BRITANNIA" GOLD COIN
| Britain will from next autumn mint and
market a new bullion coin called the "Britannia" containing one
ounce of 24 carat gold, together with bullion coins of smaller
denominations, a Treasury official said.
The new investment coin, to be sold worldwide, will
fluctuate in price according to the internati... | Commodities and Trade |
MEESE SEES A PLUS IN CHRYSLER-AMC MERGER
| Attorney General Edwin Meese said he
saw some benefit in the proposed purchase of American Motors Co
<AMO> By Chrysler Corp <C> in that it would return the smallest
of the U.S. auto manufacturers to American hands.
Meese told the House Appropriations Subcommittee that
consideration would be part o... | Corporate News |
DUTCH PARLIAMENT OFFERS LITTLE HELP IN PORT ROW
| Dutch members of parliament said they
could do little to help resolve the dispute over redundancies
in Rotterdam port's general cargo sector and urged the union
and employers to sort out their differences themselves.
Both sides gave evidence to the all-party standing
committee on Social Affairs today, b... | Other |
SOSNOFF SAYS CAESARS <CAW> OFFERED STOCK BUYBACK
| Martin Sosnoff, who has offered to
buy Caesars World Inc for 28 dlrs a share, said senior
officials of the company have offered to buy back the Caesars
stake he already holds, now 13.6 pct of the total outstanding.
In a filing with the Securities and Exchange Commission,
Sosnoff, a New York investor and... | Financial Reports |
ENERGY/FOREIGN INVESTORS
| Lured by the weakening dollar and the
conviction that oil prices are poised for a rebound, European
energy companies are buying up cheap U.S. oil and gas reserves
to replenish their supplies, oil industry analysts said.
They said owning oil reserves in a politically stable
United States is good insuranc... | Corporate News |
<CINRAM LTD> 4TH QTR NET
| Shr 45 cts vs 58 cts
Net 1.1 mln vs 829,000
Sales 7.9 mln vs 9.4 mln
Avg shrs 2,332,397 vs 1,428,000
Year
Shr 1.22 dlrs vs 1.06 dlrs
Net 2.9 mln vs 1.5 mln
Sales 25.7 mln vs 22.2 mln
Avg shrs 2,332,397 vs 1,428,000
| Corporate News |
AUSTRIAN 1987 GROWTH SEEN BETWEEN 0.5 AND 1.5 PCT
| A meeting of leading politicians,
bankers and economists has forecast Austrian real gross
domestic product growth for this year at between 0.5 and 1.5
pct, a government spokesman said.
This compared with a two pct growth forecast made by the
semi-official Institute for Economic Research (WIFO) last
De... | Financial Reports |
<FOR BETTER LIVING INC> 4TH QTR NET
| Shr profit primary 91 cts vs loss 86 cts
Shr profit diluted 90 cts vs loss 86 cts
Net profit 787,000 vs loss 751,000
Sales 20 mln vs 12.5 mln
Year
Shr profit profit 2.63 dlrs vs profit five cts
Shr profit diluted 2.59 dlrs vs profit five cts
Net profit 2,273,000 vs profit 43,... | Financial Reports |
NEWPORT ELECTRONICS INC <NEWE> 4TH QTR NET
| Oper shr loss nine cts vs loss four cts
Oper net loss 108,000 vs loss 55,000
Sales 3,029,000 vs 2,694,000
Year
Oper shr profit 42 cts vs profit 15 cts
Oper net profit 511,000 vs profit 177,000
Sales 13.3 mln vs 11.2 mln
Avg shrs 1,233,136 vs 1,217,981
Note: Current qtr ... | Financial Reports |
TRANSCO EXPLORATION PARTNERS LTD <EXP> IN PAYOUT
| Qtly div 44 cts vs 44 cts prior
Pay June One
Record May Eight
| Financial Reports |
TRANSCO ENERGY CO <E> SETS QUARTERLY
| Qtly div 68 cts vs 68 cts prior
Pay June One
Record May Eight
| Financial Reports |
BROWN BOVERI OMITS DIVIDEND, PLANS WARRANT BOND
| BBC AG Brown Boveri und Cie
<BBCZ.Z> said it will omit dividend in 1986 for the second
consecutive year.
It said it planned to invite shareholders and non-voting
stockholders to subscribe to a warrant bond issue of around 150
mln Swiss francs to be made after the June 2 annual meeting.
The valu... | Financial Reports |
TOTAL ERICKSON RESOURCES LTD <TLEXF> YEAR NET
| Shr profit nine cts vs loss 45 cts
Net profit 2,500,000 vs loss 9,900,000
Revs 16,800,000 vs 3,300,000
Note: 1986 net includes 2.6 mln dlr or nine ct a shr
writedown of nine pct stake in <Trans-Canada Resources Ltd>.
1985 results reflect only six mths of mining operations due
to merger ... | Corporate News |
VERSAR <VSR> TO BUY MARIETTA <ML> UNIT
| Versar Inc said it has agreed
in principle to acquire Martin Marietta Corp's Martin Marietta
Environmental Systems unit for about 5,300,000 dlrs.
Versar said it would use its working capital and an
established life of credit to find the purchase, which is
subject to approval by both boards and is expect... | Other |
U.K. BANKS OFFER FIXED-RATE MORTGAGES AT 10.2 PCT
| Two major U.K. Clearing banks announced
they will offer a total of 800 mln stg in new mortgages at a
fixed interest rate of 10.2 pct for the first three years,
below current bank base lending rates of 10.5 pct.
Midland Bank Plc <MDBL.L> said it has initially allocated
500 mln stg for home loans at th... | Financial Reports |
JIM WALTER <JWC> BUSY OWENS-CORNING <OCF> PLANT
| Jim Walter Corp said it completed
the acquisition of Owens-Corning Fiberglas Corp's mineral
ceiling and fiberboard plant in Meridian, Miss.
Terms were not disclosed
The plant's operations will complement existing ceiling
materials production within jim Walter's building material's
group, which las... | Financial Reports |
VIACOM SAID IT HAS NEW NATIONAL AMUSEMENTS, MCV HOLDINGS BIDS
|
VIACOM SAID IT HAS NEW NATIONAL AMUSEMENTS, MCV HOLDINGS BIDS
| Financial Reports |
AMERICAN PRESIDENT <APS> TO LEASE MORE SHIPS
| American President Cos Ltd said
its American President Lines shipping subsidiary obtained
final approval from U.S. and Japanese authorities to lease four
new ships from Lykes Bros Co.
The move will will enable it to boost service in the
Pacific by 15 pct in 1987, American President said.
The comp... | Corporate News |
BOWNE AND CO INC <BNE> SETS STOCK SPLIT
| Bowne and Co Inc said its board
declared a two-for-one stock split, payable May 10 to holders
of record April 17.
| Financial Reports |
INVESTMENT FIRM BOOSTS AMERFORD <AMRF> STAKE
| Louart Corp, a Los Angeles
investment firm, said it raised its stake in Amerford
International Corp to 105,615 shares, or 7.8 pct of the total
outstanding, from 69,715 shares, or 5.2 pct.
In a filing with the Securities and Exchange Commission,
Louart said it bought 35,900 Amerford common shares between... | Financial Reports |
CORRECTED - AUSTRIA 1987 GROWTH FORECAST REVISED
| Austrian gross domestic product growth
for this year is likely to be between 0.5 and 1.5 pct, Helmut
Kramer, head of the semi-official Institute for Economic
Research (WIFO) said.
This compared with a two pct growth forecast made by the
WIFO last December.
Kramer made the forecast at a meeting tod... | Financial Reports |
FIRST BOSTON <FBC> SWISS AFFILIATE BOOSTS STAKE
| First
Boston, the Swiss affiliate of First Boston Inc, said it raised
its stake in the company to 11,262,307 shares, or 35.5 pct of
the total, from 10,262,307 shares, or 32.8 pct.
In a filing with the Securities and Exchange Commission,
Financiere Credit Suisse said it bought 870,100 First Boston
comm... | Financial Reports |
NUMAC OIL AND GAS LTD <NMC> YEAR NET
| Oper shr 23 cts vs 77 cts
Oper net 5,255,179 vs 17.6 mln
Revs 37.8 mln vs 73.7 mln
NOTE: Cash flow 19.5 mln dlrs or 86 cts shr vs 36.7 mln
dlrs or 1.62 dlrs shr.
1985 net excludes 32 ct shr loss from discontinued
operations.
Gross proven and probable reserves of crude oil and natural... | Financial Reports |
FARAH <FRA> AGAIN OMITS QUARTERLY DIVIDEND
| Farah Inc said it omitted its
quarterly common stock dividend for the second consecutive
quarter.
The company, which last paid a quarterly common dividend of
22 cts a share in December, said it will consider future
dividend payments on the basis of improved profitability and
cash flow.
Farah sai... | Corporate News |
JORDAN-PETROCANADA AGREE OIL EXPLORATION PROJECT
| A two-year project to search for oil and
gas in Jordan was agreed in Amman by Jordan's Natural Resources
Authority (NRA) and the Canadian company, Petrocanada
International Assistance Corporation (PCIAC).
The 19.1 mln dlr assistance agreement was signed by
Jordan's Minister of Energy Hisham al-Khatib an... | Corporate News |
NUMAC OIL <NMC> SEES RESULTS IMPROVING
| Numac Oil and Gas Ltd said it expects
significant improvement in operating performance during 1987.
The company today reported 1986 earnings from continuing
operations of 5,255,179 dlrs, down from 17.6 mln dlrs a yuear
earlier, due to lower prices for crude oil and pipeline
capacity constraints.
N... | Corporate News |
DOLE SAYS 0/92 OPTION SHOULD BE CONSIDERED
| U.S. Senate Republican leader Robert
Dole said Congress should consider legislation to apply the
so-called 0/92 option to producers of major commodities.
Dole told the National Corn Growers Association that he
thought the proposal, supported by the Reagan administration,
"should be seriously considered"... | Financial Reports |
H.J. HEINZ CO 3RD QTR SHR 55 CTS VS 46 CTS
|
H.J. HEINZ CO 3RD QTR SHR 55 CTS VS 46 CTS
| Corporate News |
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