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H.J. HEINZ RAISES QUARTERLY TO 28 CTS FROM 25 CTS
|
H.J. HEINZ RAISES QUARTERLY TO 28 CTS FROM 25 CTS
| Financial Reports |
<RANCHMEN'S RESOURCES LTD> YEAR LOSS
| Shr loss seven cts vs loss 3.83 dlrs
Net profit 1,700,000 vs loss 13,900,000
Revs 18.7 mln vs 25.6 mln
Note: Current shr after preferred dividends of 2.0 mln dlrs
Prior shr and net includes 34.5 mln dlr writedown on oil
properties
| Financial Reports |
DOLE MULLS BILL TO EXTEND ETHANOL TAX EXEMPTION
| U.S. Senate Republican leader Robert
Dole (R-Kan.) said he and a group of Republican lawmakers are
considering introducing legislation to extend the ethanol tax
exemption through the year 2000.
Dole, addressing the National Corn Growers Association
board, said the proposal was under consideration by a r... | Corporate News |
OAK INDUSTRIES <OAK> TO BUY REXNORD <REX> UNIT
| Oak Industries said it signed
a definitive agreement to buy the stock of Rexnord Inc's
Railway Maintenance Equipment Co unit, for an undisclosed sum.
The company said Railway Maintenance had 1986 revenues of
16 mln dlrs.
Oak said the acquisition is part of its two-tier strategy
of buying releated ... | Financial Reports |
SUMITOMO BANK <SUMI> DECLARES STOCK DIVIDEND
| Sumitomo Bank of California said
it declared a 7-1/2 pct stock dividend in addition to its
regular quarterly cash dividend of 29 cts per share.
Both dividends are payable April 27 to shareholders of
record March 31, the company said.
| Corporate News |
LSB BANCSHARES INC <LXBK> RAISES PAYOUT
| Qtly div 18 cts vs 17 cts prior
Pay April 15
Record April One
| Financial Reports |
H.J. HEINZ CO <HNZ> 3RD QTR JAN 28 NET
| Shr 53 cts vs 46 cts
Qtly div 28 cts vs 25 cts prior
Net 74.7 mln vs 63.2 mln
Revs 1.08 billion vs 1.01 billion
Nine mths
Shr 1.78 dlrs vs 1.60 dlrs
Net 244.4 mln vs 219.7 mln
Revs 3.33 billion vs 3.15 billion
Note: Dividend payable April 10 to shareholders of record
... | Financial Reports |
PERU GUERRILLAS INTERRUPT TRAIN ROUTE TO MINES
| Maoist guerrillas using dynamite derailed
two locomotives and four train wagons, interrupting traffic on
Peru's sole railway line linking the capital to the central
Andes, where most of the country's mining centres are located,
authorities said.
Damages was estimated at 800,000 dlrs in the dynamite blas... | Corporate News |
WALL STREET STOCKS/TENNECO INC <TGT>
| Tenneco Inc, a company that has long
been rumored to be a takeover candidate, rose sharply today
when speculation surfaced that investor T. Boone Pickens may be
targeting the company for an acquisition, traders and analysts
said.
Tenneco spokesman Joseph Macrum said "we have no comment to
make whatsoe... | Financial Reports |
SOFTWARE AG <SAGA> SEES WEAK RESULTS
| Software AG Systems Inc said it
expects to report earnings for its third quarter "substantially
weaker" than earnings of prior periods due to an unexpected
shortfall in U.S. domestic license revenues.
For the second quarter ended November 30, Software AG
earned 2,089,000 dlrs, down from 5,014,000 dlrs a... | Other |
MILES LABORATORIES INC 4TH QTR NET
| Net 3,563,000 vs 2,821,000
Sales 318.6 mln vs 305.4 mln
Year
Net 28,950,000 vs 20,167,000
Sales 1.22 billion vs 1.17 billion
Note: Company is a subsidiary of Bayer AG of West Germany.
1986 figures exclude Miles' Bayvet animal health business, sold
Jan. 1, 1986, to Mobay Corp, another... | Financial Reports |
PLACER <PLC> TO INCREASE STAKE IN EQUITY SILVER
| <Equity Silver
Mines Ltd> said it agreed to sell 6.6 mln shares of a new class
of par value voting stock to Placer Development Ltd for 37.1
mln dlrs, increasing Placer's stake in Equity to 74.5 pct from
68 pct.
The transaction is subject to regulatory approval and a
vote by Equity minority sharehol... | Industrial and Sector News |
BRAZIL'S SARNEY MEETS STRIKES WITH SHOW OF FORCE
| With troops in place in Brazil's
ports and oil installations, the government of Prersident Jose
Sarney today sought to end a wave of labour unrest by a show of
force.
Yesterday the government sent thousands of troops supported
in some instances by tanks to occupy nine oil refineries and
six areas of o... | Market and Economy |
LAROCHE STARTS BID FOR NECO <NPT> SHARES
| Investor David F. La Roche of North
Kingstown, R.I., said he is offering to purchase 170,000 common
shares of NECO Enterprises Inc at 26 dlrs each.
He said the successful completion of the offer, plus shares
he already owns, would give him 50.5 pct of NECO's 962,016
common shares.
La Roche said he... | Corporate News |
INTELLIGENT SYSTEMS MLP <INP> 3RD QTR DEC 31 NET
| Shr profit 20 cts vs profit five cts
Net profit 2,273,000 vs profit 563,000
Rev 38.7 mln vs 30.3 mln
Avg shares 11,138,503 vs 10,982,699
Nine months
Shr profit 40 cts vs loss 10 cts
Net profit 4,448,000 vs loss 1,123,000
Rev 108.4 mln vs 75.2 mln
NOTE: Third qtr net inc... | Commodities and Trade |
SHADOWFAX RESOURCES LTD <SHFXF> YEAR LOSS
| Shr loss three cts vs profit 14 cts
Net loss 79,778 vs profit 458,176
Revs 1,063,623 vs 1,165,186
Note: 1986 year includes 400,000 dlr writedown on Utah oil
and gas properties
| Financial Reports |
PARALAX <VIDO> AGREES TO ACQUIRE AMERICAN VIDEO
| Paralax Video Enterprises Inc said it
has agreeed to acquire <American Video Group Inc> in exchange
for 287,700 Paralax restricted common shares and three year
warrants to buy 318,600 restricted shares at six dlrs a share.
Paralax said holders of some American Video convertible
debentures have electe... | Commodities and Trade |
KURZWEIL MUSIC SYSTEMS INC <KURM> 4TH QTR LOSS
| Shr loss 21 cts vs loss 29 cts
Net loss 1,246,000 vs loss 1,420,000
Revs 2,120,000 vs 1,186,000
Avg shrs 5,853,587 vs 4,880,427
Year
Shr loss 85 cts vs loss 1.21 dlrs
Net loss 4,968,000 vs loss 5,274,000
Revs 6,536,000 vs 5,056,000
Avg shrs 5,854,543 vs 4,367,864
| Financial Reports |
J.P. MORGAN AND CO INC <JPM> SETS QUARTERLY
| Dividend 34 cts vs 34 cts previously
Pay April 15
Record March 23
| Corporate News |
BAYLY <BAYL> BUYS MAJORITY OF CHUTES
| Bayly Corp said it acquired 55 pct
of Chutes Corp, a maker of denim-oriented sportswear
headquartered in Seattle, Wash.
Terms were not disclosed.
| Financial Reports |
<SDC SYDNEY DEVELOPMENT CORP> NINE MTHS LOSS
| Period ended December 31, 1986
Oper shr loss 1.08 dlrs vs loss 84 cts
Oper loss 7,700,000 vs loss 1,700,000
Revs 11,800,000 vs 9,800,000
Note: Current shr and net exclude extraordinary gain of
300,000 dlrs or five cts shr, versus extraordinary gain of
200,000 dlrs or four cts shr
| Financial Reports |
CFTC APPROVES MGE CORN SYRUP FUTURES CONTRACT
| The Commodity Futures Trading
Commission has approved the Minneapolis Grain Exchange's
application to trade high fructose corn syrup-55, HFCS-55,
futures contracts, the commission said.
The contract provides for the delivery of 48,000 lbs, plus
or minus two pct, of bulk HFCS-55 meeting specified standar... | Financial Reports |
INTELLIGENT SYSTEMS MLP <INP> MAKES CASH PAYOUT
| Intelligent Systems Master
Limited Partnership said it will make a cash distribution of 25
cts a unit in early April to unitholders of record as of March
31.
The company said continued strength in its results prompted
the move.
Intelligent Systems added that if current plans to sell
some of its ... | Corporate News |
KURZWEIL <KURM> HAS REDUCED WORK FORCE
| Kurzweil Music Systems Inc said
it has taken steps this year to reduce costs, including a 10 to
15 pct reduction in its work force.
A spokesman said the company now has about 70 employees.
It said other reductions include the use of professional
services, administrative costs, manufacturing overhead... | Financial Reports |
AIDE SAYS FRANCE SUPPORTS OIL AND FATS TAX
| France supports the European Commission's
plans for a European Community (EC) fats and oils tax but
objects to some of its oilseeds proposals, Yves Van Haecke, an
aide to French agriculture minister Francois Guillaume said.
He told a general assembly of France's Oilseeds Federation
(FFCOP) that a suppre... | Financial Reports |
SENIOR ENGINEERING MAKES 12.5 MLN DLR US PURCHASE
| <Senior Engineering Group Plc> said it
reached agreement with <Cronus Industries Inc> to acquire the
whole share capital of <South Western Engineering Co> for 12.5
mln dlrs cash. This sum is being financed by a term loan.
South Western is one of the U.S.'s leading manufacturers of
heat transfer... | Financial Reports |
HEINZ <HNZ> HAS HIGHER NET DESPITE HIGHER COSTS
| H.J. Heinz Co said net income for
the third quarter rose 18.2 pct despite an 17.2 pct increase in
marketing expenses.
Meanwhile, the company said it raised its quarterly
dividend to 28 cts a share from 25 cts a share in part on the
expectation that its tax rate under the new tax law will result
in gre... | Commodities and Trade |
BRAZILIAN FCOJ OFFICIAL WELCOMES U.S. DUTY CUT
| Mario Branco Peres, president of
the Brazilian Association of Citrus Juice Industries
(Abrassuco), welcomed a decision by the U.S. Commerce
Department sharply cutting its duties on imported frozen
concentrated orange juice (FCOJ) from Brazil.
Speaking by telephone from Sao Paulo, Peres said, "With its
... | Financial Reports |
WALL STREET STOCKS/ICH CORP <ICH>
| ICH Corp's stock
continued under pressure because of lower earnings
expectations, Wall Street analysts said.
The stock was down one today at 17-1/4, and down about four
since Thursday, when ICH announced it would be reporting
lower-than-expected fourth quarter net income.
The company said it would... | Financial Reports |
INVACARE CORP <IVCR> 4TH QTR NET
| Shr profit 26 cts vs profit 19 cts
Net profit 1,458,000 dlrs vs profit 1,070,000 dlrs
Rev 30.9 mln dlrs vs 27.5 mln dlrs
12 mths
Shr profit 60 cts vs loss 19 cts
Net profit 3,367,000 dlrs vs loss 1,061,000 dlrs
Revs 111.5 mln dlrs vs 94.3 mln dlrs
| Financial Reports |
<RENAISSANCE ENERGY LTD> YEAR NET
| Shr 47 cts vs 31 cts
Net 4,757,000 vs 2,466,000
Revs 32.8 mln vs 33.5 mln
Avg shrs 12,638,000 vs 8,941,000
| Financial Reports |
USDA ACCEPTS OFFERS FOR 550,000 TONNES OF BONUS WHEAT FOR CHINA
|
USDA ACCEPTS OFFERS FOR 550,000 TONNES OF BONUS WHEAT FOR CHINA
| Financial Reports |
QUEBEC FEBRUARY HOUSING STARTS FALL
| Quebec housing starts fell in February
to 2,191, a four pct drop from last year when growth in Quebec
housing starts was among the highest in the Canada, the Canada
Mortgage and Housing Corp said.
The February rate seasonally adjusted now stands at 40,000,
down from 79,000 in January, the government age... | Commodities and Trade |
INVACARE <IVCR> EXPECTS HIGHER 1987 SALES
| Invacare Corp chairman, president
and chief executive officer A. Malachi Mixon III said he
expects the home healthcare equipment company to post sales
increases in the 10 to 15 pct range in 1987.
Mixon said the increases should come from internal growth
as well as potential acquisitions.
"Invacare... | Financial Reports |
CHEUNG KONG CHAIRMAN SEES STRONG RESULTS IN 1987
| Cheung Kong (Holdings) Ltd <CKGH.HK>
is expecting strong results this year after reporting better
than expected profits in 1986, chairman Li Ka-shing said.
He did not give a specific earnings projection but he told
reporters the firm will pay total dividends of not less than 19
cents a share this yea... | Commodities and Trade |
LAMSON AND SESSIONS CO <LMS> 4TH QTR LOSS
| Oper shr loss 26 cts vs profit five cts
Oper net loss 1,506,000 vs profit 312,000
Revs 42 mln vs 27.9 mln
Year
Oper shr loss 43 cts vs profit 16 cts
Oper net loss 2,535,000 vs profit 1,236,000
Revs 129.9 mln vs 120.3 mln
NOTE: Excludes discontinued operations loss 1.42 dlrs a... | Commodities and Trade |
ARGENTINE MEAT EXPORTS LOWER IN 1986
| Argentine meat exports during
Jan/Dec 1986 totalled 220,911 tonnes, against 223,204 tonnes
shipped in the same 1985 period, the National Meat board said.
Shipments in tonnes with comparative figures for the 1985
period, in brackets, included: beef 120,184 (137,686), horse
meat 25,651 (33,892) and beef o... | Financial Reports |
SOUTH KOREA TO KEEP TRADE SURPLUS 3-5 YEARS
| South Korean Trade Minister Rha
Woong Bae said his nation would maintain a trading surplus for
three to five years as a way to cut its foreign debt.
He said in an interview with Reuter that after a few years
it was likely South Korea would drop barriers to foreign goods
and move toward a more balanced t... | Financial Reports |
RESTURANT ASSOCIATES INDUSTRIES INC <RAA>4TH QTR
| Shr 26 cts vs 36 cts
Shr diluted 25 cts vs 36 cts
Net 1,389,000 vs 1,412,000
Revs 56.9 mln vs 35.1 mln
Avg shrs 5,412,000 vs 3,962,000
Year
Shr 90 cts vs 75 cts
Shr diluted 86 cts vs 75 cts
Net 4,692,000 vs 2,961,000
Revs 201.4 mln vs 140.0 mln
Avg shrs 5,23... | Commodities and Trade |
USDA ACCEPTS BONUS WHEAT OFFERS FOR CHINA
| The Commodity Credit Corp (CCC) has
accepted bids for export bonuses to cover sales of 340,000
tonnes of hard red winter wheat and 210,000 tonnes of soft red
winter wheat to China, the U.S. Agriculture Department said.
The bonuses awarded averaged 36.22 dlrs per tonne, and the
wheat is scheduled for del... | Financial Reports |
SOUTHERN NEW ENGLAND TELECOM <SNG> DECLARES DIV
| Qtly div 72 cts vs 72 cts prior
Pay April 15
Record March 23
NOTE: Company's full name is Southern New England
Telecommunications Corp.
| Market and Economy |
VENEZUELA MOVES CLOSER TO CHAMPLIN PURCHASE
| the council of ministers approved
petroleos de venezuela's planned purchase of a half interest in
the champlin petroleum refinery at corpus christi, texas,
government sources said.
The cabinet authorized energy and mines minister arturo
hernandez grisanti to approve the purchase in the shareholders
as... | Other |
EMPIRE OF CAROLINA INC <EMP> 4TH QTR NET
| Shr 71 cts vs 15 cts
Net 4,234,000 dlrs vs 803,000 dlrs
Revs 15.4 mln dlrs vs 10.3 mln dlrs
12 mths
Shr 1.26 dlrs vs 67 cts
Net 7,299,000 dlrs vs 3,607,000 dlrs
Revs 52.5 mln dlrs vs 40.7 mln dlrs
NOTE: Empire's investment in the Deltona Corp is reported
on the equity metho... | Financial Reports |
ENSECO INC <NCCO> 4TH QTR LOSS
| Oper shr loss six cts vs profit seven cts
Oper net loss 481,517 vs profit 487,432
Revs 7,492,686 vs 5,575,043
Avg shrs 8.5 mln vs 7.2 mln
Year
Oper shr loss six cts vs profit 34 cts
Oper net loss 465,043 vs profit 2,283,811
Revs 29.5 mln vs 19.8 mln
Avg shrs 7.8 mln vs ... | Commodities and Trade |
CORRECTED - REXNORD <REX> TO SELL RAILWAY UNIT
| Rexnord Inc said it signed a
definitive agreement to sell its Railway Maintenance Equipment
Co subsidiary to Oak Industries Inc. Terms were withheld.
Also participating in the agreement was Banner Industries
Inc, which previously agreed to acquire Rexnord.
Railway Maintenance had 1986 sales of 16 ml... | Financial Reports |
WALL STREET STOCKS/SUPERMARKETS GENERAL <SGL>
| Dart Group Corp <DARTA>, which wants
to acquire Supermarkets General Corp for 1.62 billion dlrs, is
not likely to give up without a fight if its target seeks
another buyer, arbitrageurs said.
Speculation that Dart's offer of 41.75 dlrs per share could
be just the beginning of a bidding contest helped... | Financial Reports |
U.S. EXPORTERS REPORT 455,000 TONNES OF WHEAT SOLD TO CHINA FOR 1986/87 AND 1987/88
|
U.S. EXPORTERS REPORT 455,000 TONNES OF WHEAT SOLD TO CHINA FOR 1986/87 AND 1987/88
| Financial Reports |
AMERICAN MOTORS <AMO> WEIGHS TAKEOVER PROPOSAL
| American Motors Corp said its
directors met Wednesday to review the takeover proposal which
the corporation received Monday from Chrysler Corp <C>.
AMC said its board has retained independent investment and
legal advisers and expects to meet periodically over the next
several weeks on the proposal.
... | Financial Reports |
BANGOR HYDRO-ELECTRIC CO <BANG> SETS DIVIDEND
| Qtly div 25 cts vs 25 cts
Pay April 20
Record March 31
| Financial Reports |
KANSAS CITY SOUTHERN <KSU> MERGER RESPONSE
| Kansas City Southern
Industries Inc said an attempt by Santa Fe Southern Pacific Co
<SFX> to reopen the proposed merger of the Atchison, Topeka and
Santa Fe Railway Co and the Southern Pacific Transportation Co
offers "nothing truly new."
In a letter to shippers, Kansas City Chairman Landon
Rowland... | Corporate News |
WHITTAKER CORP 1ST QTR OPER SHR 17 CTS VS 25 CTS
|
WHITTAKER CORP 1ST QTR OPER SHR 17 CTS VS 25 CTS
| Financial Reports |
COKE AFFILIATE TO SELL DELAURENTIIS <DEG> STAKE
| De Laurentiis Entertainment Group
Inc said Embassy Communications, a Californai general
partnership affiliated with Coca-Cola Co <KO>, plans to sell
its 10.1 pct stake in the company.
In a filing with the Securities and Exchange Commission for
a secondary offering, De Laurentiis said Embassy will off... | Financial Reports |
HERLEY MICROWAVE <HRLY> 2ND QTR JAN 31 NET
| Shr nine cts vs 17 cts
Net 275,000 vs 490,000
Rev 2.4 mln vs four mln
Six months
Shr 29 cts vs 31 cts
Net 885,000 vs 884,000
Rev 6.1 mln vs 7.1 mln
NOTE: Company's full name is Herley Microwave Systems Inc.
| Financial Reports |
WILLIAMS COS <WMB> COMPLETES SALE OF UNIT
| Williams Cos said it completed the
sale of its Agrico Chemical Co unit to Freeport-McMoRan
Resource Partners L.P. <FRP> for an initial 250 mln dlrs cash.
The company said it will also receive an additional 100 to
250 mln dlrs in five years based on the operating performance
of the unit.
It said... | Financial Reports |
EC COMMISSION REJECTS SUGAR THREATS - SOURCES
| The European Community Commission has
told EC member states that it is not prepared to discuss EC
sugar prices while sugar traders threaten to make a huge sale
into intervention stocks to protest against its policies,
Commission sources said.
"Our position is that we are not willing to discuss the
pro... | Financial Reports |
VIACOM <VIA> RECEIVES TWO REVISED OFFERS
| Viacom International Inc said it
received revised merger offers from <National Amusements Inc>
and <MCV Holdings Inc>.
The company said the special committee plans to meet later
today to review both offers.
Viacom said National Amusements' Arsenal Holdings Inc
raised the value of its offer f... | Financial Reports |
TREASURY BALANCES AT FED FELL ON MARCH 10
| Treasury balances at the Federal
Reserve fell on March 10 to 2.842 billion dlrs from 3.073
billion dlrs the previous business day, the Treasury said in
its latest budget statement.
Balances in tax and loan note accounts fell to 9.828
billion dlrs from 11.418 billion dlrs on the same respective
days.
... | Financial Reports |
SOUTH KOREA TO MAINTAIN TRADE SURPLUS 3-5 YEARS
| South Korean Trade Minister Rha
Woong Bae said his nation would maintain a trading surplus for
three to five years as a way to cut its foreign debt.
He said in an interview with Reuters that after a few years
it was likely South Korea would drop barriers to foreign goods
and move toward a more balanced ... | Financial Reports |
HONG KONG FIRM UPS CALMAT <CZM> STAKE TO 9.8 PCT
| Industrial Equity (Pacific) Ltd, a
Hong Kong investment firm, said it raised its stake in Calmat
Co to 1,480,830 shares, or 9.8 pct of the total outstanding
common stock, from 1,217,230 shares, or 8.0 pct.
In a filing with the Securities and Exchange Commission,
Industrial Equity, which is principally o... | Financial Reports |
PARALAX VIDEO <VIDO> TO BUY AMERICAN VIDEO
| Paralax Video Enterprises Inc said it
signed a definitive agreement to buy <American Video Group Inc>
for stock.
According to the merger proposal, American Video
shareholders will receive about 287,700 restricted Paralax
shares, and warrants to buy another 318,600 restricted shares
at six dlrs a sh... | Financial Reports |
LAMSON/SESSIONS <LMS>DROPS RAIL PARTS OPERATIONS
| Lamson and Sessions Co said it has
decided to discontinue operations of Youngstown Steel Door, a
maker of components and equipment for railroad freight cars.
The company said the unit is to be sold sometime this year,
so was included as discontinued operations in its 1986 results
announced earlier today... | Financial Reports |
ROCHESTER TELEPHONE <RTC> TO BUY CANTON PHONE
| Rochester Telephone Corp said
it agreed to buy <Canton Telephone Co> for undisclosed terms.
Canton serves customers in northeastern Penn. In 1986, it
had operating revenues of about 1.3 mln dlrs, the company said.
| Financial Reports |
OREGON LUMBER COMPANY TO SELL WOOD TO IRAQ
| A Portland-based wood
products company has signed a 13 mln dlr contract with the
Iraqi government to supply finished softwood lumber to Iraq,
Edward Niedermeyer, president of Niedermeyer-Martin Co said
yesterday.
Niedermeyer told the House Foreign Affairs sub-committee on
International Economic Policy... | Corporate News |
WALLACE COMPUTER SERVICES INC <WCS> DIVIDEND
| Qtly div 15 cts vs 15 cts previously
Pay June 19
Record June One
| Corporate News |
IROQUOIS BRANDS LTD <IBL> 4TH QTR LOSS
| Oper shr loss 97 cts vs loss 73 cts
Oper net loss 883,000 vs loss 659,000
Revs 19.4 mln vs 16.7 mln
12 mths
Oper shr loss 2.37 dlrs vs loss 1.97 dlrs
Oper net loss 2,228,000 vs loss 2,145,000
Revs 72.4 mln vs 63.8 mln
NOTE: Excludes gain 3.41 dlrs a share versus gain 41 cts i... | Financial Reports |
ALABAMA INVESTOR UPS PENOBSCOT SHOE <PSO> STAKE
| Donaldson Bramham Lee, an investor
from Birmingham, Alabama, said he raised his stake in Penobscot
Shoe Co to 40,500 shares, or 6.6 pct of the total outstanding
common stock, from 33,500 shares, or 5.5 pct.
In a filing with the Securities and Exchange Commission,
Lee said he bought 7,000 Penobscot commo... | Commodities and Trade |
U.S. CORN DEMAND GROWING IN JAPAN, SOUTH KOREA
| The recent purchase of 1.5 mln
tonnes of U.S. corn by Japan and 600,000 tonnes by South Korea
suggests that the two countries' demand for reliable supplies
of corn is increasing, the U.S. Agriculture Department said.
In its World Production and Trade Report, the department
said that view is reinforced b... | Financial Reports |
FRENCH ESTIMATE 86/87 WHEAT DELIVERIES UNCHANGED
| The French Cereals Intervention Board,
ONIC, left its estimate of French 1986/87 (July/June) soft
wheat deliveries unchanged from its last forecast at 21.98 mln
tonnes.
This compared with deliveries of 24.38 mln tonnes in
1985/86 (August/July).
Estimated 1986/87 maize deliveries were also left unc... | Financial Reports |
MEXICO VEG OIL TAX NOT AIMED AT SUNFLOWER--USDA
| The Mexican Secretariat of Commerce
has told the U.S. that recent implementation of a 10 pct ad
valorem tariff for fixed vegetable oils, fluid or solid, crude,
refined or purified, was not targeted at sunflower oil, the
U.S. Agriculture Department said.
In its World Production and Trade Report, the depa... | Other |
AERO SERVICES <AEROE> SEES BETTER 1987
| Aero Services International Inc
said it expects to achieve improvements in overall operations
in the year ending September 30, 1987.
Earlier, Aero reported a 1986 year end net loss of 3.0 mln
dlrs compared to a profit of 483,000 dlrs in 1985.
The company said the loss was attributable to costs
ass... | Financial Reports |
AERO SERVICES INTERNATIONAL INC <AEROE> YEAR
| Shr loss 63 cts vs profit 10 cts
Net loss 3.0 mln vs profit 483,000
Revs 61.9 mln vs 43.7 mln
NOTE:1986 net loss includes loss of 1.4 mln dlrs or 28 cts
a share from discontinued operations. 1986 revenues include
revenues for the last eight months of Beckett Aviation,
acquired in September of ... | Financial Reports |
VISTA RESOURCES INC <VIST> 4TH QTR NET
| Shr 1.36 dlrs vs one dlr
Net 1,010,249 vs 750,856
Revs 15.2 mln vs 11.9 mln
12 mths
Shr 3.24 dlrs vs 2.18 dlrs
Net 2,407,186 vs 1,627,250
Revs 57 mln vs 53.1 mln
| Financial Reports |
BRAZIL COFFEE EXPORTS DISRUPTED BY STRIKE
| An 11-day-old strike by
Brazilian seamen is affecting coffee shipments and could lead
to a short term supply squeeze abroad, exporters said.
They could not quantify how much coffee has been delayed
but said at least 40 pct of coffee exports are carried by
Brazilian ships and movement of foreign vessels ... | Other |
ALCOA DECLINES SPECIFIC COMMENT ON OPTIONS TRADE
| Alcoa officials acknowledged the
possibility that they may have a position in the off-exchange
aluminum options market, but declined specific comment on trade
speculation that the company is holding a large outstanding
position.
An Alcoa (Aluminum Company of America) source involved in
terminal tradin... | Corporate News |
BRAE CORP <BRAE> 3RD QTR DEC 31 LOSS
| Shr loss 1.32 dlrs vs profit two cts
Net loss 5,666,000 vs profit 84,000
Revs 12.0 mln vs 21.7 mln
Nine mths
Shr loss 1.87 dlrs vs loss 71 cts
Net loss 8,030,000 vs loss 3,062,000
Revs 40.9 mln vs 53.0 mln
Note: includes losses from discontinued operations of
190,000 dlrs v... | Corporate News |
MARATHON TO RAISE CRUDE PRICES 50 CTS/BBL TOMORROW WTI TO 17.50 DLRS
|
MARATHON TO RAISE CRUDE PRICES 50 CTS/BBL TOMORROW WTI TO 17.50 DLRS
| Financial Reports |
WASTE MANAGEMENT CORP VOTES TWO FOR ONE STOCK SPLIT AND BOOSTS QTLY DIVIDEND TO 18 CTS
|
WASTE MANAGEMENT CORP VOTES TWO FOR ONE STOCK SPLIT AND BOOSTS QTLY DIVIDEND TO 18 CTS
| Corporate News |
GENERAL ELECTRIC <GE> TO SELL DATEL UNIT
| General Electric Co's GE
Semiconductor Business said it agreed to sell its Datel unit to
a group led by the unit's president, Nicolas Tagaris.
Terms were not disclosed.
Tagaris founded the company, which produces precision data
acquisition, conversion and control components and subsystems,
in 1970... | Corporate News |
TRICO <TRO> SETS DATE FOR ACQUISITION VOTE
| Trico Industries Inc said it
set March 31 as the date for a special shareholders meeting for
a vote on the proposed acquisition of the company by Paccar Inc
<PCAR>.
In January the two companies announced an agreement
covering a proposed acquisition by Paccar of Trico's
approximately 8.2 mln shares ... | Financial Reports |
HUGHES TOOL SHAREHOLDERS APPROVE MERGER WITH BAKER INTERNATIONAL
|
HUGHES TOOL SHAREHOLDERS APPROVE MERGER WITH BAKER INTERNATIONAL
| Financial Reports |
<CANADIAN GYPSUM CO LTD> YEAR NET
| Shr 3.13 dlrs vs 2.02 dlrs
Net 39.1 mln vs 26.9 mln
Revs 203.2 mln vs 173.8 mln
| Corporate News |
CREW UNION SETS PACT WITH PACIFIC SOUTHWEST <PSG>
| Pacific Southwest Airlines said it
reached an agreement with the Southwest Crew Controllers
Association needed to satisfy conditions of USAir Group's <U>
proposed acquisition of PSA.
PSA said this is the third of four unions agreement is
needed with for USAir's acquisition to be consummated.
Un... | Financial Reports |
SOUTHERNNET INC <SOUT> 4TH QTR NET
| Shr 32 cts vs four cts
Net 3,370,000 vs 353,000
Revs 27.8 mln vs 20.2 mln
Year
Shr 35 cts vs 67 cts
Net 3,543,000 vs 3,845,000
Revs 103.6 mln vs 74.8 mln
| Corporate News |
SENATOR LUGAR CALLS FOR CARGO PREFERENCE REPEAL
| The senior Republican on the U.S.
Senate Agriculture Committee, Richard Lugar of Indiana, called
for repeal of the cargo preference law that aids the American
shipping industry but which he said hurts farmers.
"Cargo preference is a costly special interest operated at
the expense of American farmers and... | Corporate News |
EIA SAYS DISTILLATE STOCKS OFF 8.8 MLN, GASOLINE OFF 500,000, CRUDE OFF 1.2 MLN
|
EIA SAYS DISTILLATE STOCKS OFF 8.8 MLN, GASOLINE OFF 500,000, CRUDE OFF 1.2 MLN
| Corporate News |
SYLVAN LEARNING CORP <SLVN> NINE MONTHS DEC 31
| Shr loss 43 cts vs profit eight cts
Net loss 3.1 mln vs profit 502,896
Revs 5.6 mln vs 4.2 mln
NOTE:1986 net includes negative effect of accounting change
of 354,650 or five cts a share.
| Financial Reports |
BIG U.S. CONSERVATION ENROLLMENT EXPECTED
| Enrollment in the U.S. Agriculture
Department's fourth conservation signup is expected to be
announced tomorrow, and USDA officials said the figure may be
higher than total enrollment for the first three signups.
Enrollment will be in the range of seven to 12 mln acres,
USDA conservation specialists sai... | Financial Reports |
PITTSTON AGREES TO ACQUIRE WTC INTERNATIONAL IN EXCHANGE OF STOCK
|
PITTSTON AGREES TO ACQUIRE WTC INTERNATIONAL IN EXCHANGE OF STOCK
| Other |
EIA SAYS DISTILLATE, GAS STOCKS OFF IN WEEK
| Distillate fuel stocks held in
primary storage fell by 8.8 mln barrels in the week ended March
six to 119.6 mln barrels, the Energy Information Administration
(EIA) said.
In its weekly petroleum status report, the Department of
Energy agency said gasoline stocks were off 500,000 barrels in
the week to... | Financial Reports |
MORE HEAVY RAINS IN ARGENTINE GRAIN AREAS
| Heavy rains fell again in
Argentina's main grain growing areas in the week to yesterday,
trade sources said.
Rains fell heaviest early in the week, and in particularly
high volume in Buenos Aires province, Cordoba, La Pampa and
Santa Fe provinces.
Rainfall totalled between 20 and 290 mm in Buenos ... | Financial Reports |
PHILIPPINE DEBT TALKS DELAYED FOR CONSULTATIONS
| Today's debt rescheduling talks
between the Philippines government and its bank advisory
committee were postponed until Thursday to give the banks more
time to consider Manila's novel proposal for paying part of its
interest bill in notes instead of cash, bankers said.
The committee banks met briefly ea... | Other |
HARPER AND ROW GETS BID FROM HARCOURT BRACE JOVANOVICH FOR 50 DLRS/SHR
|
HARPER AND ROW GETS BID FROM HARCOURT BRACE JOVANOVICH FOR 50 DLRS/SHR
| Financial Reports |
HUGHES <HT> APPROVES MERGER WITH BAKER <BKO>
| An overwhelming majority of Hughes Tool
Co shareholders approved a merger agreement with Baker
International Corp based on revised terms that allow the
companies additional time to sell a drilling bit business as
required by the U.S. Justice Department.
Hughes chairman William Kistler said the revised ... | Financial Reports |
USX <X> UNIT TO RAISE MOST CRUDE POSTINGS
| USX's subsidiary, Marathon Petroleum
Co, said it will raise its contract prices for eleven grades of
crude oil 50 cts a barrel, effective tomorrow.
The increase brings Marathon's posted price for West Texas
Intermediate and West Texas Sour grades to 17.50 dlrs a barrel.
The Light Louisiana grade was... | Corporate News |
DOLLAR GENERAL CORP <DOLR> 4TH QTR NET
| Shr 13 cts vs 40 cts
Net 2,509,000 vs 7,582,000
Revs 186.2 mln vs 182.1 mln
Year
Shr 23 cts vs 95 cts
Net 4,318,000 vs 17.8 mln
Revs 564.8 mln vs 584.4 mln
| Corporate News |
TUESDAY MORNING INC <TUES> 4TH QTR NET
| Shr 1.19 dlrs vs 1.46 dlrs
Net 3,150,185 vs 2,665,284
Revs 27.9 mln vs 24.1 mln
Avg shrs 2,653,646 vs 1,826,858
Year
Shr 1.45 dlrs vs 1.37 dlrs
Net 3,611,802 vs 2,502,443
Sales 62.2 mln vs 52.8 mln
Avg shrs 2,489,978 vs 1,826,858
| Other |
<BROAD> ACQUIRES <VOGT AND CONANT> UNIT
| Broad Corp said it acquired
the construction activities of Vogt and Conant Co of Cleveland.
The combined companies, to be called Broad, Vogt and Conant
INc, will be the largest structural steel erection company in
the U.S. Combined sales of the two operations were more than 40
mln dlrs in 1986.
| Financial Reports |
HARPER <HPR> GETS BID FROM HARCOURT <HBJ>
| Harper and Row Publishers Inc said it
received an acquisition offer from Harcourt Brace Jovanovich
INc to acquire all of Harper and Row's shares at 50 dlrs a
share in cash.
Harper said it will consider the proposal, including such
possible concerns as anti-trust and other legal considerations.
On ... | Corporate News |
GOLDMAN SELLS MOST 1ST PENNSYLVANIA <FPA> STOCK
| Goldman, Sachs and Co told the
Securities and Exchange Commission it sold nearly its entire
stake in First Pennsylvania Corp of 2,450,598 shares, or 5.2
pct of the total outstanding common stock.
Goldman Sachs said it has about 17,800 First Pennsylvania
common shares remaining. On February 26, the compa... | Financial Reports |
LIONEL CORP <LIO> 4TH QTR JAN 31 OPER NET
| Oper shr 1.05 dlr vs 51 cts
Oper net 14.1 mln vs 5,669,000
Revs 163.2 mln vs 133.2 mln
Avg shrs 13.5 mln vs 11.5 mln
Year
Oper shr 65 cts vs 26 cts
Oper net 8,664,000 vs 1,906,000
Revs 287.8 mln vs 251 mln
Avg shrs 13.4 mln vs 8,403,562
NOTE: Prior year 4th qtr an... | Financial Reports |
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