titles stringlengths 12 138 | article stringlengths 15 8.85k | category stringclasses 6
values |
|---|---|---|
ECUADOR TO ASK OPEC TO RAISE EXPORT QUOTA
| Ecuador will ask OPEC to raise its oil
export quota by 100,000 barrels per day to 310,000 to
compensate for lost output due to last week's earthquake,
deputy Energy Minister Fernando Santos Alvite said.
Santos Alvite, who arrived in Caracas last night to discuss
an aid plan for Ecuador, did not say when... | Other |
U.K. MONEY MARKET GIVEN FURTHER 442 MLN STG HELP
| The Bank of England said it provided the
market with a further 442 mln stg assistance during the morning
to offset a liquidity shortage it estimated at 1.60 billion
stg, revised up from 1.55 billion
The bank bought outright eight mln stg of band one treasury
bills and five mln stg of band one bank bills... | Corporate News |
JACOBS SUCHARD EXPECTS ANOTHER EXCELLENT YEAR
| Jacobs Suchard AG <JACZ.Z> hopes for
another excellent year in 1987 after a 27 pct increase in 1986
net profit. Results in the first few months show it heading in
the right direction, company president Klaus Jacobs said.
The group reported 1986 net profit of 190.9 mln Swiss
francs compared with 150.4... | Commodities and Trade |
JAPAN FIRM PLANS TO SELL U.S. FARMLAND TO JAPANESE
| A Japanese real estate company
said it will launch a campaign to sell land in U.S. Farming
areas to rich Japanese.
Higashi Nippon House said it would offer around 2,200 acres
of land in Illinois, California, Florida and Indiana from early
April to gauge response. It set up International Farm Corp of
A... | Corporate News |
TAFT <TFB> REJECTS 145 DLR/SHR OFFER
| Taft Broadacasting Co said its
board of directors unanimously decided not to accept the
pending buyout proposal of <Theta Corp>, an investor group led
by Dudley Taft.
The decision was based on, among other things, the advice
of its financial advisors, Goldman Sachs and Co, that the offer
of 145 dlr... | Corporate News |
PAKISTAN COULD IMPORT 100,000 TONNES OF PALM OIL
| Pakistan is likely to import 100,000
tonnes of refined, bleached and deodorised palm oil between
April and June this year, vegetable oil dealers said.
They said the import would be financed by the Islamic
Development Bank (IDB) which signed an agreement with Pakistan
earlier this week in Jeddah, Saudi A... | Market and Economy |
TREASURY SECRETARY BAKER DECLINES COMMENT ON G-6
| U.S. Treasury Secretary James Baker
declined comment on the February 22 Paris accord between the
six major industrial nations under which they agreed to foster
exchange rate stability.
Asked by reporters after a speech before the National
Fitness Foundation banquet what, if any, currency intervention
... | Corporate News |
BEL FUSE INC <BELF> 4TH QTR NET
| Shr 22 cts vs 13 cts
Net 1,063,000 vs 639,000
Sales 7,489,000 vs 4,656,000
Year
Shr 55 cts vs 28 cts
Net 2,633,000 vs 1,343,000
Sales 23.3 mln vs 17.9 mln
| Financial Reports |
SOUTHWEST REALTY <SWL> YEAR LOSS
| Shr loss 44 cts vs profit 1.13 dlrs
Net loss 1,544,000 vs profit 3,912,000
NOTE: Cash flow 1,010,000 dlrs or 29 cts shr vs 2,835,000
dlrs or 82 cts shr.
| Other |
SOUTHWEST REALTY <SWL> HAS LIQUIDITY PROBLEMS
| Southwest Realty Ltd said it believes it
could make all of its scheduled montly debt service payments
for 1987 despite the falloff in its rental operations, but
making the payments would probably severely impair its
liquidity and restrict its ability to maintain the quality of
its properties.
The comp... | Corporate News |
D.H. HOLMES CO LTD <HLME> SETS PAYOUT
| Qtly div 12-1/2 cts vs 12-1/2 cts prior
Pay April One
Record March 20
| Other |
POPE EVANS <PER> REPURCHASES SHARES
| Pope, Evans and Robbins Inc said it
has repurchased 780,000 common shares from Putnam Mills Corp
principals Sidney and Peter Kaplan for 2.25 dlrs per share.
It said the purchase price will be applied against the
1,700,000 dlrs Putnam Mills currently owes Pope Evans for
merchandise. Pope Evans has about... | Corporate News |
BAIRD <BATM> GETS TEMPORARY RESTRAINING ORDER
| Baird Corp said the Massachusetts state
court for Suffolk county has granted it a temporary restraining
order prohibiting Mark IV Industries Inc <IV> from further
purchases of Baird stock until Mark IV complies with the
Massachusetts Anti-Takeover Statute.
The company said Mark IV currently owns at l... | Corporate News |
JACOBS SUCHARD SEES 100,000 TONNE COCOA SURPLUS
| Jacobs Suchard AG expects a world cocoa
surplus of around 100,000 tonnes in 1987 compared with a
104,000 tonne surplus in 1986, Jens Sroka, head of commodity
buying, told a news conference.
The company expects prices to remain at around current
levels despite the likelihood of agreement on buffer stock
... | Corporate News |
DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
|
DUDLEY TAFT AND NARRAGANSETT CAPITAL TO PURSUE TAFT BROADCASTING BID
| Corporate News |
GENERAL MINING UNION CORP LTD (GENM.J) YEAR NET
| Shr 616 cts vs 481
Final div 150 cts vs 140, making 230 vs 195
Pre-tax 705.4 mln rand vs 485.2 mln
Net 591.7 mln vs 458.0 mln
Tax 79.2 mln vs 82.2 mln
Attrib to outside shareholders 123.7 mln vs 52.3 mln
| Corporate News |
U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
|
U.S. RETAIL SALES ROSE 4.1 PCT IN FEB, NON-AUTO SALES ROSE 1.5 PCT
| Other |
U.S. RETAIL SALES RISE 4.1 PCT IN FEBRUARY
| U.S. retail sales rose 4.77 billion
dlrs, or 4.1 pct, in February to a seasonally adjusted 122.29
billion dlrs, the Commerce Department said.
The increase came after a revised 7.4 pct drop in January
sales to a level of 117.52 billion dlrs. The department
previously reported January retail sales fell 5.... | Financial Reports |
DUDLEY TAFT TO PURSUE TAFT BROADCAST <TFB> BID
| Taft Broadcasting Co vice chairman
Dudley Taft and Narragansett Capital Inc <NARR> said they
intend to pursue their effort to acquire Taft Broadcasting
despite the rejection yesterday of their 145 dlr per share
offer by the Taft Broadcasting board.
Dudley Taft and Narragansett, in a joint statement, ... | Other |
HARPER GROUP <HARG> 4TH QTR NET
| Shr 24 cts vs 31 cts
Net 2,245,000 vs 2,885,000
Revs 50.7 mln vs 46.5 mln
Avg shrs 9,396,000 vs 9,270,000
Year
Oper shr 96 cts vs 99 cts
Oper net 8,994,000 vs 9,220,000
Revs 191.5 mln vs 174.7 mln
Avg shrs 9,394,000 vs 9,282,000
NOTE: 1985 year net excludes 1,360,... | Financial Reports |
CANADA LEADERS FAIL TO SET PACT ON FREE TRADE
| Prime Minister Brian Mulroney said he
held "frank" discussions with the Canadian province premiers on
the pace of free trade talks with the United States, but the
longstanding issue of provincial ratification remains to be
settled.
Speaking to reporters after nearly five hours of meetings
with the 10 ... | Corporate News |
HEALTHSOUTH REHABILITATION CORP <HSRC> 4TH QTR
| Shr profit eight cts vs loss 10 cts
Net profit 622,000 vs loss 564,000
Revs 7,508,000 vs 1,913,000
Year
Shr profit 15 cts vs loss 28 cts
Net profit 933,000 vs loss 1,548,000
Revs 19.8 mln vs 4,799,000
| Financial Reports |
BALDRIGE OPPOSES JAPANESE PURCHASE OF FIRM
| Commerce Secretary Malcolm Baldrige
has asked the White House to consider blocking the planned
Japanese acquisition of a major U.S. supercomputer and
semiconductor manufacturer for national security reasons, U.S.
officials said.
The officials, who asked not to be named, said yesterday
that Baldrige ha... | Financial Reports |
FIRST UNION <FUNC> ACQUISITION ADVANCES
| First Union Corp said
shareholders of First North Port Bancorp of Northport, Fla.,
have approved a merger into First Union for 40 dlrs per share,
or about 5,100,000 dlrs.
The company said the acquisition is still subject to
regulatory approvals and is expected to be completed during the
second quarter... | Financial Reports |
SWISS SIGHT DEPOSITS RISE 3.10 BILLION FRANCS
| Sight deposits by commercial banks at the
Swiss National Bank rose by 3.10 billion Swiss francs to 10.53
billion in the last 10 days of February, the National Bank
said.
Foreign exchange reserves fell 3.06 billion francs to 30.64
billion.
Sight deposits are an important measure of Swiss money
ma... | Commodities and Trade |
SAND TECHNOLOGY <SNDCF> MULLING REVERSE SPLIT
| Sand Technology Systems Inc said it is
considering a reverse stock split of at least one-for-10 and
expects to report a second-quarter profit, compared to a loss
last year.
The stock consolidation "is something we're discussing, but
it's not definite," Sand Technology president Jerry Shattner
told Reu... | Financial Reports |
<CONCORDE VENTURES INC> IN MERGER AGREEMENT
| Concorde Ventures Inc said it has signed
a letter of intent to acquire Englewood, Colo., homebuilder
Winley Inc for 12 mln common shares.
The investment company said after the merger the combined
company will have 15 mln shares outstanding.
For the year ended January 31, Winley earned 116,000 dlrs
... | Financial Reports |
DUNE RESOURCES <DNLAF> RESERVES ROSE IN 1986
| Dune Resources Ltd said its oil
reserves increased 225 pct during 1986 while its natural gas
reserves were up six pct.
The company said its proven oil reserves were estimated at
605,682 barrels on December 31, up from 186,655 barrels a year
earlier boosted by discoveries during the year put at 423,659
... | Corporate News |
BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
|
BORG-WARNER TO SELL INDUSTRIAL PRODUCTS BUSINESS FOR ABOUT 240 MLN DLRS
| Financial Reports |
JAPAN ECONOMY MAY BE NEAR BOTTOM, ECONOMISTS SAY
| The worst may be just about over for
Japan's battered economy but economists said they do not expect
a vigorous recovery anytime soon. Japanese bank economists
polled by Reuters said the economy's 18 month-old slowdown is
likely to end in the first half of this year, helped by rising
exports, stepped-up gov... | Commodities and Trade |
QINTEX 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.
As reported yesterday, Qintex said, about seven mln
Princeville shares had been tendered in response to the offer.
Qintex said it is extending t... | Corporate News |
CORRECTED-NETWORK VIDEO INC <NVID> 3RD QTR
| Feb 28 end
Shr five cts vs one ct
Net 161,019 vs 50,745
Revs 1,048,543 vs 478,700
Avg shrs 3,217,500 vs 4,350,000
Nine mths
Shr 12 cts vs four cts
Net 390,179 vs 169,275
Revs 2,658,692 vs 1,478,066
Avg shrs 3,217,500 vs 4,350,000
NOTE: Corrects reversed figu... | Other |
2-MAR-1987 09:39:50.97
| 2-MAR-1987 09:39:50.97
| Commodities and Trade |
BANKERS OPPOSE STRICT TAIWAN CURRENCY CONTROLS
| Taiwan imposed currency controls today
in what bankers called a desperate move to prevent speculation
as the Taiwan dollar appreciated against the U.S. currency.
The strict controls will require proof that large
remittances to Taiwan are connected to commercial transactions
rather than currency speculat... | Financial Reports |
SAUDI SUPERTANKER REPORTED HIT BY IRAN OFF UAE
| Iran attacked the Saudi Arabian
supertanker Arabian Sea off the United Arab Emirates last night
but the vessel was able to proceed after the incident, Lloyds
Shipping Intelligence reported.
The 315,695-dwt Arabian Sea had set sail on Tuesday after
loading oil at the Saudi port of Ras Tannurah. Lloyds sa... | Financial Reports |
TAIWAN TO RELAX IMPORT CURBS ON MORE GOODS
| Taiwan will relax import controls on
more foreign goods, a government spokesman said today.
The move was to allow greater access to Taiwan markets by
overseas trading partners, especially the United States, an
official of the Council for Economic Planning and Development
told Reuters.
Import curbs... | Financial Reports |
U.K. RETAILERS SEE GROWTH IN CONSUMER SPENDING
| U.K. Retailers expect consumer spending
to accelerate in March after a disappointing increase in
February, according to a monthly survey by the Confederation of
British Industry (CBI).
Fifty-nine pct of the 325 retailers questioned for the
latest Distributive Trades Survey expected sales to be higher
... | Financial Reports |
MOST JAPAN FIRMS NOT RENEWING IRAN TERM CONTRACTS
| Most Japanese companies have decided not
to renew term contracts to lift Iranian crude oil because spot
prices remain considerably lower than OPEC's official levels,
industry sources said.
They said a cargo of the Mideast benchmark crude Dubai
traded yesterday at 16.50 dlrs a barrel, compared to its
o... | Financial Reports |
POSSIS <POSS> VOTES 100 PCT STOCK DIVIDEND
| Possis Corp said its board approved
a 100 pct stock dividend payable May One, record March 27.
At the company's annual meeting Wednesday, Possis said
shareholders approved a proposal to increase the authorized
common shares to 20 mln from eight mln. The company currently
has about 3.9 mln shares outstan... | Financial Reports |
SEAL INC <SINC> 1ST QTR JAN 31 NET
| Shr 29 cts vs 16 cts
Net 610,000 vs 329,000
Sales 6,714,000 vs 4,582,000
| Financial Reports |
DOW CHEMICAL CO <DOW> REGULAR DIVIDEND
| Qtly div 50 cts vs 50 cts prior
Pay April 30
Record March 31
| Financial Reports |
TELCO <TELC> DELAYS DEFENSIVE RIGHTS OFFERING
| Telco Systems Inc said its plan
to distribute a dividend of common stock purchase rights to
shareholders of record on March 16 has been delayed pending the
completion of necessary regulatory approvals.
| Corporate News |
CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
|
CONSOLIDATED TVX SAYS IT WILL ISSUE SHARES TO BUY STAKES IN THREE BRAZIL MINING FIRMS
| Financial Reports |
CLAYTON AND DUBILIER NEW JOINT UNIT TO BUY FIRM
| Clayton and Dubilier Inc and senior
management of a unit of Borg-Warner Corp <BOR> said it will
form a new company to buy Borg-Warner's industrial products
group for about 240 mln dlrs.
Borg-Warner industrial products has sales of about 300 mln
dlrs from three divisions, which provide advanced techno... | Financial Reports |
U.S. HEALTH INC <USHI> 2ND QTR JAN 31 NET
| Shr 10 cts vs seven cts
Net 1,541,000 vs 1,056,000
Revs 20.1 mln vs 17.0 mln
1st half
Shr 19 cts vs 11 cts
Net 2,945,000 vs 1,742,000
Revs 38.2 mln vs 35.2 mln
| Market and Economy |
K MART CORP 4TH QTR SHR 2.11 DLRS VS NINE CTS
|
K MART CORP 4TH QTR SHR 2.11 DLRS VS NINE CTS
| Commodities and Trade |
UK MONEY MARKET GIVEN FURTHER TWO MLN STG HELP
| The Bank of England said it gave the
market further assistance of two mln stg during the afternoon,
buying that amount of band two bank bills at 10-5/16 pct.
The bank has given the market assistance worth 1.503
billion stg today to offset a shortage it estimated at a
revised 1.60 billion.
| Corporate News |
ENVIRONMENTAL SYSTEMS CO <ESC> 1ST QTR JAN 31
| Shr 13 cts vs 15 cts
Net 2,193,000 vs 1,918,000
Revs 18.2 mln vs 15.2 mln
NOTE: Share after preferred dividends.
| Financial Reports |
GENERAL MINING (GENM.J) CAUTIONS ON 1987 PROFITS
| General Mining Union Corp Ltd
chairman Derek Keys cautioned that profits may not rise this
year if the rand stays at its current level of 48 U.S. Cents.
"We would do well to repeat last year's results if the rand
stays depressed," Keys said.
The level of the dividend, however, "ought not to be
aff... | Corporate News |
COLGATE-PALMOLIVE CO <CL> SETS PAYOUT
| Qtrly div 34 cts vs 34 cts
Pay May 15
Record April 24
| Financial Reports |
ISCO INC <ISKO> 2ND QTR ENDS JAN 30 NET
| Shr 12 cts vs 13 cts
Net 414,968 vs 449,533
Revs 5,726,722 vs 5,276,627
Six mths
Shr 23 cts vs 33 cts
Net 779,981 vs 1,116,857
Revs 11.3 mln vs 11.3 mln
| Commodities and Trade |
CCC REALLOCATES CREDIT GUARANTEES TO EL SALVADOR
| The Commodity Credit Corporation,
CCC, has reallocated two mln dlrs in credit gurantees
previously earmarked for sales of U.S. protein meals to cover
sales of vegetable oil and tallow to El Salvador, the U.S.
Agriculture Department said.
The action reduces coverage for sales of protein meals to
14 mln... | Other |
ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL
| International Coffee Organization, ICO,
producing countries will present a proposal for reintroducing
export quotas for 12 months from April 1 with a firm
undertaking to try to negotiate up to September 30 any future
quota distribution on a new basis, ICO delegates said.
Distribution from April 1 would ... | Other |
WHITTAKER CORP <WKR> 1ST QTR JAN 31 NET
| Oper shr 17 cts vs 25 cts
Qtly div 15 cts vs 15 cts prior
Oper net 1,522,000 vs 3,501,000
Sales 98.0 mln vs 86.3 mln
NOTE: Prior year net excludes loss from discontinued
operations of 1,817,000 dlrs.
Company said common shares outstanding down significantly
to 7,814,000, reflecting r... | Corporate News |
BORG-WARNER <BOR> TO SELL UNIT FOR 240 MLN DLRS
| Borg-Warner Corp said it agreed to sell
its industrial products group to <Clayton and Dubilier Inc>
and senior management of the group, for about 240 mln dlrs.
Clayton and Dubilier is a New York-based private investment
firm, which has completed two other management-led buyout
transactions since Dece... | Other |
PANAMANIAN WHEAT SHIP STILL GROUNDED OFF SYRIA
| The Panamanian bulk carrier Juvena is
still aground outside Tartous, Syria, despite discharging 6,400
tons of its 39,000-ton cargo of wheat, and water has entered
the engine-room due to a crack in the vessel bottom, Lloyds
Shipping Intelligence Service said.
The Juvena, 53,351 tonnes dw, ran aground out... | Financial Reports |
GUARDIAN-MORTON SHULMAN AGREES TO TAKEOVER BID
| <Guardian-Morton Shulman Precious
Metals Inc> said Morton Shulman and Guardman Investment
Management Services Inc agreed in principle for Andrew Sarlos
to make a takeover bid for all special shares and series II
warrants of Guardian-Morton, subject to regulatory approval and
completion of definitive docu... | Commodities and Trade |
K MART CORP <KM> 4TH QTR JAN 28 NET
| Shr 2.11 dlrs vs nine cts
Net 285,000,000 vs 10,500,000
Revs 7.35 billion vs 6.76 billion
Avg shrs 134,300,000 vs 131,600,000
Year
Shr 4.35 dlrs vs 1.73 dlrs
Net 582,300,000 vs 221,200,000
Revs 24.13 billion vs 22.33 billion
Avg shrs 134,300,000 vs 131,600,000
NOT... | Commodities and Trade |
HOG AND CATTLE SLAUGHTER GUESSTIMATES
| Chicago Mercantile Exchange floor
traders and commission house representatives are guesstimating
today's hog slaughter at about 290,000 to 310,000 head versus
309,000 week ago and 328,000 a year ago.
Cattle slaughter is guesstimated at about 128,000 to
131,000 head versus 129,000 week ago and 127,000 a ... | Financial Reports |
VAN OMMEREN ACQUIRES DUTCH GAS CONTAINER UNIT
| Dutch shipping and transport group
PHS Van Ommeren NV <OMMN.AS> said it has taken over a small
Dutch gas container firm as a first step in establishing a
world-wide gas container organisation.
The firm, Liquid and Gas Transport BV (LGT), employs 10
people and has a fleet of 200 gas containers.
... | Financial Reports |
DORCHESTER HUGOTON LTD <DHULZ> RAISES PAYOUT
| Qtly div 10 cts vs eight cts prior
Pay April 16
Record March 31
| Corporate News |
INTERNATIONAL AMERICAN <HOME> SETS ACQUISITION
| International American Homes inc
said it has contracted to acquire <Diversified Shelter Group
Ltd> for about 11,850,000 dlrs to be paid 73 pct in cash and 27
pct in International American common stock to be valued on a 30
day trading average prior to closing.
It said the price is based on Diversified... | Corporate News |
EC COMMISSION HAS OPEN ATTITUDE ON STEEL QUOTAS
| The EC Commission said it was
adopting an "open attitude" about whether a system of production
quotas should remain for the indefinite future on heavy steel
products which account for about 45 pct of all EC steel goods.
In a statement, the Commission reiterated its view that the
industry needs to lose b... | Corporate News |
PRECISION AEROTECH INC <PAR> 3RD QTR JAN 31 NET
| Oper shr 16 cts vs two cts
Oper net 467,000 vs 52,000
Sales 8,954,000 vs 6,338,000
Avg shrs 2,939,459 vs 1,979,916
Nine mths
Oper shr 45 cts vs 18 cts
Oper net 1,068,000 vs 387,000
Sales 24.5 mln vs 19.6 mln
Avg shrs 2,299,764 vs 1,979,916
NOTE: Current year net b... | Financial Reports |
GUARDIAN NATIONAL INSURANCE CO LTD <GARJ J> YEAR
| Shr 100.6 cts vs 76.9 cts
Final div 40 cts vs 32 making 58 cts vs 50
Pre-tax 14.17 mln rand vs 8.85 mln
Net 10.06 mln vs 7.69 mln
Tax 4.10 mln vs 1.16 mln
Gross premiums 210.16 mln vs 178.69 mln
Net premiums written 143.99 mln vs 123.88 mln
Underwriting loss 1.78 mln vs loss ... | Financial Reports |
DATAMETRICS CORP <DMCZ> 1ST QTR JAN 31 NET
| Shr diluted five cts vs 13 cts
Net 278,780 vs 442,532
Revs 5,101,747 vs 4,293,393
Avg shrs diluted 6,050,968 vs 3,414,145
NOTE: Net includes tax credits of 123,500 dlrs vs 179,000
dlrs.
| Other |
STOP AND SHOP COS INC <SHP> 4TH QTR JAN 31 NET
| Oper shr 1.80 dlrs vs 1.46 dlrs
Oper net 25.0 mln vs 20.2 mln
Sales 1.09 billion vs 996.4 mln
Avg shrs 13.9 mln vs 13.8 mln
Year
Oper shr 3.20 dlrs vs 2.57 dlrs
Oper net 44.4 mln vs 35.4 mln
Sales 3.87 billion vs 3.43 billion
Avg shrs 13.9 mln vs 13.8 mln
NOTES: O... | Industrial and Sector News |
WIENER ENTERPRISES INC <WPB> YEAR JAN 31 NET
| Shr 60 cts vs 85 cts
Qtly div 10 cts vs 10 cts prior
Net 1,407,000 vs 1,996,000
Sales 75.4 mln vs 58.2 mln
NOTE: Dividend pay April 16, record April Nine
| Financial Reports |
K MART <KM> SAYS RECORD 1986 NET "TURNING POINT"
| K Mart Corp said its record fiscal
1986 net earnings of 582.3 mln dlrs, a rise from 221.2 mln dlrs
a year ago, marked a "major turning point" for the world's
second biggest retailer.
K Mart said the earnings rise for the fourth quarter ended
January 28 to 285 mln dlrs from 10.5 mln dlrs resulted from
... | Financial Reports |
DAINIPPON INK TO INVEST IN QUIXOTE <QUIX>
| Quixote Corp said Dainippon Ink and
Chemicals Inc of Japan will buy 526,315 shares of Quixote
common stock, a 6.7 pct stake, for 10 mln dlrs, or 19 dlrs a
share.
It said the two companies also agreed to share the results
of their research and development activities in optical disc
technology.
Da... | Commodities and Trade |
CIRCUIT CITY STORES INC <CC> SETS QUARTERLY
| Qtly div 1-1/2 cts vs 1-1/2 cts prior
Pay April 15
Record March 30
| Other |
KNOLL TO BUY AMERICAN SAVINGS <AAA> SHARES
| American Savings and Loan Association of
Florida said <Knoll International Holdings Inc> has offered to
purchase 500,000 new shares of American Savings for 10 mln
dlrs, and the board has accepted Knoll's offer.
Knoll already owns 796,413 shares or 9.9 pct of American
Savings.
American Savings s... | Financial Reports |
JIM WALTER CORP <JWC> REGULAR DIVIDEND
| Qtly div 35 cts vs 35 cts in prior qtr
Payable April one
Record March 14
| Other |
IGENE BIOTECHNOLOGY <IGNE> FINDS CROP LOSS AID
| IGENE Biotechnology Inc said its
research teams at Auburn and Hebrew universities have found its
patented pesticide is highly effective in combating a disease
reponsible for approximately three billion dlrs in annual crop
losses.
The company said it learned ClandoSan controls nematodes,
deadly plant p... | Corporate News |
PHILLIPS <P> TO EMPHASIZE CASH FLOW TO PARE DEBT
| Phillips Petroleum Co will emphasize
improving its short-term cash flow this year to pare its debt,
C.J. "Pete" Silas, chairman, told Reuters in an interview.
"Our priority is to get cash flow increased from the assets
already installed," he said, but he declined to estimate annual
cash flow for 1987.
... | Financial Reports |
MERRILL LYNCH<MER> CANADA MULLS BUYING BROKER
| Merrill Lynch Canada Inc, wholly owned
by Merrill Lynch and Co, is considering acquiring another
Canadian securities company as the result of federal and
provincial government moves to lift investment dealer ownership
restrictions on June 30, according to a published report.
"We're talking to a number o... | Financial Reports |
MOST AMERICAN AGGREGATES <AMAG> STOCK ACQUIRED
| <Consolidated Gold Fields
PLC>'s ARC America Corp subsidiary said it has acquired
7,521,643 American Aggregates Corp shares, about 95 pct of
those outstanding, as a result of its tender offer which
expired February 27.
As soon as is practicable, ARC America will acquire
American Aggregates, convert... | Market and Economy |
BIOTECH CAPITAL <BITC> TO BUY MAGAZINE
| Biotech Capital Corp said it agreed to
buy High Technology magazine from the Goldhirsh Group of
Boston.
Terms were not disclosed.
The magazine publishes information about emerging
technologies and their impact on business. It has a circulation
of 200,000 and is the largest of its kind in the world... | Corporate News |
PAKISTAN'S TRADE DEFICIT NARROWS IN FEBRUARY
| Pakistan's trade deficit narrowed to
2.64 billion rupees (provisional) in February 1987 from 2.85
billion (final) in January and compared with 2.94 billion in
February 1986, the Federal Bureau of Statistics figures show.
Exports fell to 5.04 billion rupees (provisional) in
February from 5.34 billion (fi... | Financial Reports |
CORRECTED-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 ... | Financial Reports |
DIAGNOSTIC <DRS> MAKES A BID FOR ROSPATCH <RPCH>
| Diagnostic Retrieval Systems Inc
said it has made an offer to acquire, through a wholly owned
unit, all outstanding shares of Rospatch Corp's common stock
for 22 dlrs a share cash, or about 53 mln dlrs.
DRS, a warfare systems producer, said it would make the
transaction through a cash tender offer for a... | Commodities and Trade |
COLGATE-PALMOLIVE CO <CL> SETS QUARTERLY
| Qtly div 34 cts vs 34 cts prior
Pay May 15
Record April 24
| Financial Reports |
CO-OPERATIVE BANCORP <COBK> RAISES QUARTERLY
| Qtly div 12-1/2 cts vs 10 cts prior
Pay April 15
Record March 31
| Financial Reports |
WILCOX AND GIBBS INC <WG> SETS PAYOUT
| Semi div 7-1/2 cts vs 7-1/2 cts prior
Pay April 30
Record March 31
| Corporate News |
SAUDI OUTPUT SAID AT YEAR LOW TO HELP OPEC
| Saudi Arabian oil output has fallen to
its lowest level in more than a year, giving fresh evidence of
the kingdom's determination to keep oil prices at 18 dlrs a
barrel, as agreed by Opec last December, oil industry sources
said.
They said Saudi output in the first eight days of March
averaged 2.6 mln... | Other |
LEADER <LDCO> BUYS PETROSURANCE STAKE
| Leader Development Corp said it
has purchased 300,000 shares of convertible preferred stock in
<Petrosurance Inc> for 1,500,000 dlrs in cash and real estate.
Petrosurance specializes in property and casualty insurance
for the oil industry.
Leader said the stock is convertible into a Petrosurance
... | Other |
RECORD N.Z. FUTURES VOLUMES TRADED IN FEBRUARY
| The volume of contracts traded on the
New Zealand Futures Exchange (NZFE) reached a record 25,559
contracts in February, the International Commodities Clearing
House (ICCH) said.
The previous high was 22,583 contracts in December 1986.
The ICCH said the value of the contracts traded in February
wa... | Commodities and Trade |
FEDERAL REALTY INVESTMENT TRUST <FRT> IN PAYOUT
| Qtly div 27 cts vs 27 cts prior
Pay April 15
Record March 25
| Financial Reports |
WHITE HOUSE WELCOMES RETAIL SALES FIGURES
| The White House welcomed the
February retail sales figures showing a 4.1 pct rise, following
a slow performance in January.
Spokesman Marlin Fitzwater told reporters: "The February
sales growth was broad-based and good news for the economy."
Commerce Department figures showed a larger than expected
... | Financial Reports |
BEAUTICONTROL COSMETICS INC <BUTI> 1ST QTR NET
| Qtr ends Feb 28
Shr 10 cts vs 17 cts
Net 411,275 vs 584,118
Revs 4,977,818 vs 4,714,581
| Financial Reports |
OLD DOMINION SYSTEMS INC <ODSI> 1ST QTR JAN 31
| Shr loss 11 cts vs profit five cts
Net loss 279,726 vs profit 76,591
Revs 1,300,000 vs 2,200,000
| Corporate News |
SWEDEN SETS OCTOBER DEADLINE FOR S.AFRICA BOYCOTT
| Sweden announced its promised program
of unilateral economic sanctions against South Africa and gave
firms an October deadline to cut trading links.
Foreign Trade Minister Anita Gradin said a trade boycott of
South Africa and neighbouring Namibia would take effect from
July 1, followed by a three-month ... | Commodities and Trade |
FIDELITY NATIONAL FINANCIAL INC <FNF> 1ST QTR
| Jan 31 end
Shr profit 49 cts vs loss not given
Net profit 1,360,000 vs loss 241,000
Revs 20.8 mln vs 14.3 mln
Avg shrs 2,760,000 vs 1,970,000
| Other |
BRITISH TELECOM CAUTIOUS ON EARNINGS PROSPECTS
| British Telecommunications Plc's <BTY.L>
profit growth prospects for the coming years will be reduced by
increasing competition and continued costs for replacing old
telephone systems, deputy chairman Graeme Odgers said.
Speaking at a news conference on the third quarter results
which were released e... | Commodities and Trade |
NO NEAR TERM BRAZIL COFFEE MOVES EXPECTED
| The Brazilian Coffee Institute,
IBC, is unlikely to disclose its future export policy until the
end of next week at the earliest, trade sources said.
IBC president Jorio Dauster is meeting government
ministers, producers, exporters and market analysts to assess
Brazil's position in the light of the fail... | Financial Reports |
TENNEY ENGINEERING INC <TNY> 4TH QTR NET
| Shr two cts vs nine cts
Net 86,469 vs 325,937
Revs 5,119,637 vs 6,390,995
12 mths
Shr 10 cts vs 33 cts
Net 354,820 vs 1,148,476
Revs 21.2 mln vs 23.2 mln
| Corporate News |
FED NOT EXPECTED TO ADD RESERVES
| The Federal Reserve is not expected to
intervene in the government securities market today, several
economists said.
They said the Fed does not have a much of an adding need
this week and may wait until tomorrow or Monday before
supplying reserves.
But a few economists said there was an outside ch... | Commodities and Trade |
MODERN CONTROLS INC <MOCON> 4TH QTR NET
| Shr 10 cts vs 11 cts
Net 226,000 vs 236,000
Sales 1.3 mln vs 1.5 mln
Year
Shr 38 cts vs 45 cts
Net 819,000 vs 1,001,000
Sales 5.8 mln vs 6.4 mln
| Other |
INSTINET <INET> SETS MEETING ON MERGER
| Instinet Corp said its board has
scheduled a special shareholders' meeting for May 21 to vote on
its proposed merger into Reuters Holdings PLC <RTRSY>.
It said shareholders of record as of April 10 will be
eligible to vote at the meeting.
Instinet said the meeting date is subject to adjustment,
... | Financial Reports |
EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
|
EC GRANTS 5,000 TONNES SOFT WHEAT EXPORT LICENCES AT 134.75 ECU REBATE - BRUSSELS TRADE
| Financial Reports |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.