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DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
DAYTON HUDSON CORP 4TH QTR OPER SHR 1.24 DLRS VS 1.55 DLRS
Other
EC GRANTS LICENCES FOR 35,000 TONNES BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
EC GRANTS LICENCES FOR 35,000 TONNES BARLEY AT 137.35 ECUS REBATE - BRUSSELS TRADE
Financial Reports
UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
UNION PACIFIC SAYS WILL SIGN PACT IN CARACAS ON MARCH 17 FOR SALE OF HALF ITS CORPUS CHRISTI REFINERY
Financial Reports
CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
CYACQ OFFERS TO RAISE CYCLOPS BUYOUT TO 92.50 DLRS/SHR FROM 80 DLRS
Financial Reports
WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID
WASTE MANAGEMENT SAYS WAITING PERIOD ENDS ON ITS CHEMLAWN BID
Financial Reports
PETRIE STORES CORP <PST> REGULAR PAYOUT
Qtrly div 17.5 cts vs 17.5 cts prior Pay April 20 Record April 2
Financial Reports
UNILEVER FRAGRANCE UNIT HAS LOWER 1986 EARNINGS
The flavours and fragrances firm <Naarden International N.V.>, acquired by Anglo-Dutch food and detergents group Unilever Plc N.V. <UN.AS> last year, said net profits for 1986 fell 11.4 pct to 19.5 mln guilders. Naarden said earnings were hit by the fall in the value of both the dollar and sterl...
Industrial and Sector News
EAGLE-PITCHER INDUSTRIES INC <EPI> 1ST QTR NET
Shr 81 cts vs 81 cts Net 8,750,024 vs 7,772,932 Revs 157.6 mln vs 162.4 mln Avg shrs 10.8 mln vs 9.6 mln
Corporate News
PORTUGAL GRAIN AGENCY BARRED FROM IMPORT TENDERS
A Portuguese court has made a preliminary ruling that the state grain buying agency EPAC should not be allowed to take part in public import tenders open to private importers, grain traders and officials said. Under the terms of Portugal's January 1986 accession to the European Community, EC, a grain im...
Corporate News
U.S. RETAIL SALES RISE MASKS WEAK TREND - ANALYSTS
U.S. retail sales rose sharply in February but many economists said the underlying consumer spending trend remains weak. February retail sales jumped 4.1 pct, more than the 2.5-3.0 pct rise the financial markets had anticipated. But January's sales were revised down to a 7.4 pct drop, from a previously ...
Commodities and Trade
MAGMA <MGCPV> SEES PROFITABLE COPPER PRODUCTION
Newmont Mining Corp <NEM> said Magma Copper Co anticipates being able to produce copper at a profit by 1991, assuming copper prices remain at their current levels. In an information statement distributed to Newmont shareholders explaining the dividend of Magma shares declared Tuesday, Newmont said Ma...
Financial Reports
RPT-INSITUFORM OF NORTH AMERICA INC <INSUA> NET
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
FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
Financial Reports
EC COMMISSION GRANTS EXPORT LICENCES - TRADE
The European Community's, EC, cereal management committee granted export licences for 5,000 tonnes of quality soft bread-making wheat at a maximum export rebate of 134.75 European currency units, Ecus, per tonne, traders said. The committee also granted export certificates of 35,000 tonnes of barley a...
Financial Reports
GERMAN BANKS SAY UNCERTAINTY ABOUT ECONOMY GROWING
Uncertainty is growing about the prospects for the economy as orders for industry fall and companies scale back investment plans, the German Savings Banks and Giro Association said. Exporters expect foreign demand to remain weak, while industry is less optimistic than it was, the association said in a...
Commodities and Trade
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 spokeswoman said. Dealers said Federal funds were trading at 6-1/8 pct when the Fed began its temporary and indirect supply of reserves to the banking system.
Financial Reports
WAITING PERIOD ENDS ON WASTE MANAGEMENT<WMX> BID
Waste Management Inc said it received notice of early termination of the Hart-Scott-Rodino waiting period for its 270 mln dlr takeover bid for Chemlawn Corp <CHEM>. The waiting period was terminated March 11, Waste Management said. Chemlawn has rejected Waste Management's 27 dlrs a share bid....
Financial Reports
ASA LTD <ASA> 1ST QTR FEB 28 NET
Shr 1.42 dlrs vs 1.61 dlrs Net 13.6 mln vs 15.5 mln NOTE: Net asset value per share 77.72 dlrs vs 54.35 dlrs.
Corporate News
INVESTORS TO RAISE CYCLOPS <CYL> TENDER PRICE
Cyacq Corp, an investor group bidding for Cyclops Corp, said it would raise its outstanding tender offer price for Cyclops common to 92.50 dlrs a share from 80 dlrs, if certain conditions were met. The increased offer would exceed the 90.25 dlrs a share price offered by Dixons Group PLC in a tender offe...
Corporate News
DAYTON HUDSON CORP<DH> 4TH QTR JAN 31 OPER NET
Oper shr 1.24 dlrs vs 1.55 dlrs Oper net 120,800,000 vs 150,100,000 Revs 3.12 billion vs 2.74 billion Year Oper shr 2.62 dlrs vs 2.89 dlrs Oper net 255,000,000 vs 280,500,000 Revs 9.26 billion vs 8.26 billion NOTE: 1986 period ended February One NOTE: Results exclude ea...
Other
INDIA BUYS RBD PALM OLEIN AT TENDER
The Indian State Trading Corp bought one, or possibly two, 6,000 tonne cargoes of Malaysian refined bleached deodorised palm olein at its vegetable oil import tender today for Mar 15/Apr 15 shipment at 355 dlrs per tonne cif, traders said.
Other
SPANISH UNEMPLOYMENT RISES IN FEBRUARY
The number of Spanish registered unemployed rose by 15,608 to 2.98 mln or 21.5 pct of the workforce in January in the sixth consecutive monthly increase, the Labour Ministry said. Registered unemployed totalled 2.81 mln or 21.1 pct of the workforce in February 1986.
Corporate News
VSE CORP <VSEC> 4TH QTR NET
Shr 49 cts vs 39 cts Net 886,937 vs 892,323 Revs 25.9 mln vs 23.7 mln Year Shr 1.78 dlr vs 1.34 dlr Net 3,254,301 vs 2,472,676 Revs 100.6 mln vs 87.4 mln NOTE: 1986 4th qtr and year net includes income loss of MetCap subsidiary of 14,881 dlrs and 311,848 dlrs or 17 cts per ...
Financial Reports
SECURITY PACIFIC <SPC> BUYS ORBANCO <ORBN>
Security Pacific Corp said it completed its previously announced acquisition of Orbanco Financial Services Corp after receiving federal approval of the deal. Security Pacific said the Federal Reserve Board approved on Wednesday its purchase of the Portland, Ore.-based bank holding company and financia...
Financial Reports
DRANETZ TECHNOLOGIES INC <DRAN> YEAR DEC 31 NET
Shr 46 cts vs 77 cts Qtly div six cts vs six cts prior Net 2,198,469 vs 3,635,565 Revs 23.1 mln vs 26.0 mln Note: 1986 net includes one-time charge of 249,000 dlrs or five cts a share from discontinuation of Boat Sentry and Lakontek products. Qtly div payable April 15 to shareholders...
Corporate News
U.S. TO ASK FOR SHARE OF JAPAN'S RICE MARKET
U.S. Agriculture Secretary Richard Lyng said he will ask Japan to offer a share of its rice market to U.S. exporters when he visits that country next month. In an interview with Reuters, Lyng also said the Reagan administration will ask Tokyo to remove its quotas on U.S. beef and citrus exports. L...
Financial Reports
UNION PACIFIC <UNP> TO SELL PART OF REFINERY
Union Pacific Corp said it will sign a pact in Caracas on March 17 with Petroleos De Venezuela, PDVSA, to sell the state owned company half of its Corpus Christi, Texas refinery owned by its Union Pacific's Champlin Petroleum Co subsidiary. The sale will also include the related marketing and distribu...
Corporate News
LANDS END INC <LEYS> YEAR JAN 31 NET
Shr 1.46 dlrs vs 1.13 dlrs Net 14,650,000 vs 11,270,000 Sales 265 mln vs 227.1 mln Avg shrs 10,020,000 vs 9,980,000 Note: Earnings are pro forma, including the increase in common shares that took place last October when the company went public through an initial offering of 1.4 mln shares....
Financial Reports
BANCROFT <BCF> SUES ZICO
Zico INvestment Holdings INc said that Bancroft Convertible Fund Inc filed suit seeking to enjoin Zico's 30 dlr-a-share tender offer for 500,000 Bancroft shares. In its complaint, Bancroft said the tender offer materials and letters to shareholders are false and misleading and that the tender offer viol...
Financial Reports
SEABOARD CORP <SEB> 31 WEEK YEAR NET
Shr 14.63 dlrs Net 21.8 mln Revs 252.9 mln NOTE: Company changed its reporting period to Dec 31 from May 31. It said prior year comparisons were thus not applicable.
Corporate News
TURKISH SHIP HEADED FOR FLORIDA AFTER EXPLOSION
The Turkish ore/bulk/oil vessel Obo Engin, 78,078 tonnes dwt, had an explosion in its boiler yesterday, Lloyds shipping Intelligence Service reported. The vessel has retained some power and yesterday evening was in position Lat. 25 57 N., Long. 75 06 W. It is diverting to Jacksonville, Florida, with its...
Financial Reports
REUTER INC <REUT> 4TH QTR
Shr 67 cts vs six cts Net 1.6 mln vs 131,630 Revs 6.5 mln vs 4.5 mln Year Shr 85 cts vs 19 cts Net 2.0 mln vs 427,749 Revs 25.1 mln vs 17.4 mln NOTE: 1986 net includes 1.4 mln dlrs in tax loss carryback. Reuter Inc is a spindle maker. It is not connected with Reuters Hold...
Corporate News
CENTEL CORP <CNT> REGULAR PAYOUT SET
Qtly div 62-1/2 cts vs 62-1/2 cts previously Pay April 30 Record April Seven
Financial Reports
MOBIL <MOB> TO RESTRUCTURE EXPLORATION UNIT
Mobil Oil Corp said it will restructure its Dallas-based Mobil Exploration and Producing Services Inc operations April one, to provide stronger technological support to its U.S. and overseas operations. Mobil said the operation will consist of two new units, Technical Services and Application Technology...
Financial Reports
EQUITY OIL CO <EQTY> 4TH QTR LOSS
Shr loss nine cts vs profit 11 cts Net loss 1,102,592 vs profit 1,364,763 Revs 2,836,508 vs 5,547,121 Year Shr loss six cts vs profit 32 cts Net loss 789,300 vs profit 3,953,822 Revs 11.7 mln vs 21.1 mln NOTE: Per share figures reflect five pct stock dividend paid December...
Corporate News
FN RESULTS HIT BY STRIKES, DOLLAR IN 1986
Fabrique Nationale Herstal SA <FNHB.BR> said it suffered a net loss of 2.99 billion francs last year after being hit by strikes, the falling dollar and declining oil prices. An FN statement said the loss, which compared with a 6.8 mln franc profit the previous year, included considerable charges fo...
Financial Reports
MILLIPORE <MILI> ACQUIRES EQUITY IN PROTEIN
<Protein Databases Inc> said Millipore Corp through its venture capital subsidiary, Millicorp, acquired an equity position in the company. Protein said it and Millipore intend to establish an "interactive relationship." No other details were disclosed about the amount of Millipore's investmen...
Other
WILDLIFE UNIT PROPOSES ALASKA REFUGE OIL STUDY
The National Wildlife Federation rejected an Interior Department draft plan to open wilderness lands in Northern Alaska to oil and gas exploration. The federation, the nation's largest conservation group, said further study was needed to assess any possible damage that development might have on the wil...
Financial Reports
<GEMINI FOOD CORP> SIX MTHS JANUARY 31 NET
Shr profit one ct vs loss one ct Net profit 150,594 vs loss 55,352 Revs 19.0 mln vs 12.4 mln
Financial Reports
MERRILL LYNCH <MER> FIRES VASKEVITCH
Merrill Lynch and Co Inc fired the head of the mergers department in its London office today, saying he had been unable to provide a "satisfactory explanation" in response to insider trading charges filed yesterday by the Securities and Exchange Commission. Merrill had suspended the official, Nahum Vask...
Financial Reports
LINCOLN NATIONAL CORP <LNC> VOTES DIVIDEND
Qtly div 54 cts vs 54 cts prior qtr Pay 1 May Record 10 April
Financial Reports
ST LAWRENCE SEAWAY TO OPEN ON SCHEDULE
The St Lawrence Seaway and the Welland Canal linking Lakes Erie and Ontario were expected to open as scheduled on March 31 and April 1, respectively, a St Lawrence Seaway official said. The entire Seaway is already free of ice due to the mild Winter and could be open for navigation today, "but there d...
Financial Reports
LVI GROUP INC <LVI> 4TH QTR NET
Oper shr profit two cts vs loss 19 cts Oper net profit 523,000 vs loss 2.2 mln Revs 102.5 mln vs 39.9 mln 12 mths Oper shr profit 11 cts vs loss 29 cts Oper net profit 2.2 mln vs loss 2.9 mln Revs 304.4 mln vs 50.3 mln NOTE: All 1986 and last two months of 1985 include result...
Financial Reports
PROTOCOMDEVICES <PRCM> SEES MORE PROFIT EROSION
ProtocomDevices Inc said it has seen more erosion of its general financial condition since December 31, and is actively engaged in negotiations to secure additional financing. It also said it has undergone a restructuring of its management and is instituting further staff reductions. It said Ramon Mor...
Financial Reports
ICO BOARD MEETING DELAYED ONE DAY
The International Coffee Organization (ICO) executive board meeting scheduled for the end of this month has been delayed by one day and will now run from March 31 to April 2 and not March 30 to April 1, ICO officials said. On March 30, the ICO ad hoc working group will meet to consider management consul...
Financial Reports
WHITTAKER <WKR> TO HAVE GAINS FROM SALES
Whittaker Corp said it will have a gain on the sale of discontinued businesses after any operating losses from the businesses up until the dates of disposition, but it will defer reporting the gain until its restructuring program hsa been substantially completed. The company said in the first quarter en...
Financial Reports
PARADISE FRUIT CO INC <PARF> YEAR NET
Shr 86 cts vs 99 cts Net 435,610 vs 497,160 Sales 16.6 mln vs 17.7 mln NOTE: 1986 year net penalized 13 cts shr from loss of investment tax credits.
Financial Reports
SAMSON ENERGY CO LIMITED PARTNERSHIP <SAM> YEAR
Net loss 14,144,000 vs loss 863,000 Revs 10.3 mln vs 16.7 mln NOTES: 1986 loss includes write-down of 15.1 mln dlrs in the carrying value of oil and gas properties taken in the first quarter Cash flow from operationswas 6,237,000 dlrs, or 3.01 dlrs per unit, vs 9,315,000 dlrs, or 4.56 dlrs pe...
Commodities and Trade
LYNG SAYS NO DECISION ON SOVIET EEP OFFER
U.S. Agriculture Secretary Richard Lyng said the Reagan administration had not decided on offering the Soviet Union subsidized wheat but that such an offer had not been ruled out. In an interview with Reuters, Lyng also said that he had no knowledge of any upcoming discussion of the matter within the ...
Corporate News
ACCELERATION CORP <ACLE> 4TH QTR
Shr 22 cts vs 19 cts Net 1.1 mln vs 994,000 Year Shr 83 cts vs 60 cts Net 4.3 mln vs 3.1 mln NOTE:1985 net includes tax loss carryforward gain of 8,000 dlrs.
Financial Reports
<ENERGY OPTICS INC> 2ND QTR JAN 31 NET
Shr profit nil vs loss five cts Net profit 232 vs loss 124,380 Revs 143,397 vs 61,901 1st half Shr profit one ct vs loss 10 cts Net profit 15,722 vs loss 264,539 Revs 354,843 vs 120,403
Financial Reports
THE JAPAN FUND <JPN> GETS BUYOUT OFFER
The Japan Fund Inc said it has received an unsolicited offer from <Sterling Grace Capital Management LP>, acting together with certain other persons and entities, to purchase all the assets of the fund at five pct below its aggregate net asset value. The Japan Find said tne deal is subject to obtaini...
Other
BLUE GASS BREEDERS <BLGR> COMPLETES ACQUISITION
Blue Grass Breeders Inc said it has completed the acquisition of Equine Enterprises Inc for four mln common shares. It said it is obligated to deliver another 2,741,660 shares on the attainment of a certain level of shareholders' equity during any fiscal quarter within 12 months of closing. If all...
Corporate News
DIGIMED CORP 2ND QTR DEC 31 LOSS
Shr loss two cts vs loss five cts Net loss 17,334 vs loss 51,507 Sales 245,560 vs 179,839 Avg shrs 1,136,785 vs 1,046,785 Six mths Shr profit four cts vs loss 17 cts Net profit 47,749 vs loss 174,373 Sales 721,937 vs 284,809 Avg shrs 1,136,785 vs 1,046,785
Commodities and Trade
FLIGHT INTERNATIONAL GROUP INC <FLTI> 3RD QTR
periods ended January 31 Shr profit 22 cts vs loss 26 cts Net profit 439,000 vs loss 522,000 Revs 5,600,000 vs 3,859,000 Nine mths Shr profit 46 cts vs loss three cts Net profit 912,000 vs loss 59,000 Revs 14.6 mln vs 18.3 mln NOTE: Year ago revenues include 400,000 dlr...
Financial Reports
NORD EST PLANS 400 MLN FRANC BOND ISSUE
Financial and industrial holding company Nord Est plans to make a convertible bond issue for a total of 400 mln francs, President Gustave Rambaud said. He told a news conference Nord-Est expected to receive approval from the Bourse supervisory body COB in the next two week, when terms would set accordin...
Commodities and Trade
SOLV-EX <SOLV> SHELL CANADA <SHC> PACT COMPLETE
Solv-Ex Corp said it successfully completed its oil sands pilot testing program under its agreement with Shell Canada Limited <SHC> and received a 250,000 U.S. dlr bonus payment. It also said that Shell Canada exercised its option to take over Solv-Ex's 25 pct working interest in the construction of ...
Corporate News
SPAIN HAS 68 MLN DLR JANUARY PAYMENTS SURPLUS
Spain had a 68 mln dlr current account balance of payments surplus in January compared with a 556 mln deficit in December and 370 mln surplus in January last year, Bank of Spain figures show. The trade deficit rose to 664 mln dlrs in January from 146 mln in January 1986.
Market and Economy
UNION PACIFIC <UNP> IN PARTNERSHIP WITH PDVSA
Union Pacific Corp said it will enter a 50-50 partnership with Petroles de Venezuela, PDVSA, to own and operate Union Pacific's 160,000 barrel-per-day Corpus Christi, Texas, oil refinery. The assests to be acquired by the partnership are valued at 190 mln dlrs, Union Pacific said. Closing is expec...
Other
PUROLATOR <PCC> DIRECTOR QUITS OVER BUYOUT
A Purolator Courier Corp director resigned from the company's board, saying he plans to take steps to make or find an offer that tops the 265 mln dlr buyout deal already accepted by Purolator's board, the company said. The director, Doresy Gardner, resigned in a March 10 letter to the Purolator board, w...
Corporate News
UNR INDUSTRIES INC <UNRIQ> 4TH QTR NET
Shr profit 75 cts vs profit 25 cts Net profit 2,742,962 vs profit 936,333 Sales 74.9 mln vs 70.1 mln Year Shr profit 1.05 dlrs vs loss 1.07 dlrs Net profit 3,868,888 vs loss 3,931,580 Sales 299.3 mln vs 281.1 mln
Financial Reports
CENTURY TELEPHONE <CTL> TO SELL PROPERTIES
Century Telephone Enterprises Inc said it has accepted an offer to sell its cable television properties in Michigan, Tennessee, Florida, Arkansas and Louisiana for a "substantial" gain. The company said details were not disclosed.
Other
VOLT INFORMATION SCIENCES INC <VOLT> 1ST QTR
Shr 12 cts vs seven cts Net 817,000 vs 512,000 Revs 107.5 mln vs 99.9 mln Avg 6.9 mln vs 7.2 mln NOTE: 1987 net includes 2.4 mln dlr pretax gain on settlement, 743,000 dlrs gain on securities sale, interest expense net of investment income of 2.2 mln dlrs and 920,000 dlrs in fiscal 1986....
Corporate News
PARADISE FRUIT <PARF> SETS LOWER DIVIDEND
Paradise Fruit Co Inc said its board declared a dividend of 25 cts per share, payable March 31 to holders of record March 19. The company last paid 50 cts per share in January 1986 and before that paid 60 cts in January 1985. Paradise said commercial bank lending agreements it entered into in June...
Financial Reports
<CANADA MALTING CO LTD> YEAR NET
Oper shr 1.30 dlrs vs 1.51 dlrs Oper net 4.06 mln vs 4.17 mln Sales 146.3 mln vs 155.9 mln Note: 1985 excludes extraordinary loss of 7.45 mln dlrs, or 2.70 dlrs per share.
Financial Reports
NORTH AMERICAN HOLDING CORP <NAHL> 3RD QTR NET
Dec 31 end Shr profit nil vs loss four cts Net profit 6,891 vs loss 590,460 Revs 6,518,133 vs 2,521,884 Avg shrs 13.1 mln vs 12.0 mln Nine mths Shr profit six cts vs loss seven cts Net profit 772,703 vs loss 758,620 Revs 20.1 mln vs 7,599,017 Avg shrs 13.2 mln vs ...
Financial Reports
<SAMSUNG CO> CALENDAR 1986
Div 50 won vs 50 won Net profit 6.91 billion won vs 6.10 billion Sales 4,275.4 billion vs 3,801,7 billion Note - Company has set 1987 sales target of 4,800 billion won.
Other
GENERAL HOST CORP <GH> SETS QUARTERLY
Qtly div six cts vs six cts prior Pay April Three Record March 23
Commodities and Trade
U.S.-SOVIET GRAIN ACCORD QUESTIONED BY LYNG
U.S. Agriculture Secretary Richard Lyng said he was not sure a long-term U.S.-Soviet grain agreement would be worth extending when it expires next year. "It hasn't been worth much in the last two years....They haven't lived up to the agreement as I see it," Lyng said in an interview with Reuters. ...
Financial Reports
GROW GROUP INC <GRO> SETS QUARTERLY
Qtly div 7-1/2 cts vs 7-1/2 cts prior Pay April 30 Record April 15
Financial Reports
DIGIMED CORP 2ND QTR DEC 31 LOSS
Shr loss 1.5 cts vs loss five cts Net loss 17,334 vs loss 51,507 Sales 245,560 vs 179,839 Six mths Shr profit four cts vs loss 17 cts Net profit 47,749 vs loss 174,373 Sales 721,937 vs 284,809
Financial Reports
POWERINE REFINERY TO RESUME OPERATIONS
<Powerine Oil Co> said its refinery here will resume operation today, with initial crude oil runs of 20,000 barrels per day. Powerine, a privately-held company, said it expects the refinery to become fully operational by May, with crude oil throughput at 35,000 bpd. Initial oil products deliver...
Financial Reports
TRINITY INDUSTRIES INC <TRN> SETS QUARTERLY
Qtly div 12-1/2 cts vs 12-1/2 cts prior Pay April 30 Record April 15
Commodities and Trade
COASTAL BANCORP <CSBK> SETS QUARTERLY
Qtly div five cts vs five cts prior Pay April 15 Record March 30
Corporate News
IDAHO POWER CO <IDA> SETS QUARTERLY
Qtly div 45 cts vs 45 cts prior Pay May 20 Record April 24
Financial Reports
<DAEWOO CORP> CALENDAR 1986
Div 50 won vs 50 won Net profit 35.4 billion won vs 34.2 billion Sales 4,214.9 billion won vs 3,779.2 bilion Note - company has set 1987 sales target of 5,200 billion.
Financial Reports
U.S. SOYBEAN MARKETING LOAN NOT NEEDED - LYNG
U.S. Agriculture Secretary Richard Lyng said a marketing loan for soybeans would serve no present purpose because the U.S. price is not above the world price. Asked in an interview if it was time to consider a marketing loan for soybeans, Lyng said, "I don't think so. I don't think the world price is lo...
Financial Reports
UNITED STATIONERS INC <USTR> SETS DIVIDEND
Qtly dividend six cts vs six cts Pay April 15 Record March 31
Corporate News
LINCOLN NATIONAL CORP <LNC> SETS QUARTERLY
Qtly div 54 cts vs 54 cts prior Pay May One Record April 10
Corporate News
PETRIE STORES CORP <PST> SETS QUARTERLY
Qtly div 17-1/2 cts vs 17-1/2 cts prior Pay April 20 Record April 2. o
Financial Reports
MCLEAN'S <MII> U.S. LINES SETS ASSET TRANSFER
McLean Industries Inc's United States Lines Inc subsidiary said it has agreed in principle to transfer its South American service by arranging for the transfer of certain charters and assets to <Crowley Mariotime Corp>'s American Transport Lines Inc subsidiary. U.S. Lines said negotiations on the con...
Financial Reports
CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
CORNING TO OFFER 0.5165 SHARE FOR EACH HAZLETON SHARE UNDER EARLIER AGREEMENT
Corporate News
DESOTO <DSO> SELLS INDUSTRIAL CHEMICAL ASSETS
DeSoto Inc said it sold the plant, inventory and certain other assets of some of its industrial chemical operations to Plastic Specialities and Technologies Inc, a privately-held company headquartered in Parsippany, New Jersey. Terms were not disclosed. Desoto's industrial chemical operations are based...
Corporate News
SAFEGUARD HEALTH <SFGD> 4TH QTR LOSS
Shr loss 30 cts vs profit 12 cts Net loss 2,374,000 vs profit 970,000 Revs 15.7 mln vs 13.4 mln Year Shr loss 13 cts vs profit 46 cts Net loss 1,054,000 vs profit 3,425,000 Revs 61.8 mln vs 49.9 mln Note: Full name Safeguard Health Enterprises Inc. Current qtr and year ...
Corporate News
RUBBER TALKS CHAIRMAN CITES SLIGHT PROGRESS
There has been slight progress towards reaching a rubber pact, the chairman of a United Nations conference on a new International Natural Rubber Agreeement, INRA, Manaspas Xuto of Thailand, said. "There has been some slight progress but it is not the end of the road yet," he said. The conference, ...
Commodities and Trade
"BRITANNIA" COIN TO SELL AT PREMIUM
The new British one ounce gold coin, the "Britannia," will be priced on the basis of the gold price on the day of purchase plus a "competitive premium," Treasury officials said. Value added tax will be levied on all purchases by members of the U.K. Public, as is currently the case with foreign coins, ...
Other
CYTRX <CYTR> UNIT BUYS SWEDISH COMPANY
CytRx Corp said its 60 pct owned CytRx Biopool Ltd subsidiary has acquired Biopool AB of Umea, Sweden, for undisclosed terms. It said former shareholders of Biopool AB own the remaining 40 pct in CytRx Biopool Ltd. Biopool AB develops cardiovascular and fibrinolytic products for diagnostic applications....
Other
CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
CANADA 91-DAY T-BILLS AVERAGE 7.03 PCT, MAKING BANK RATE 7.28 PCT
Financial Reports
BANK OF NEW YORK <BK> TO HAVE GAIN ON UNIT SALE
Bank of New York Co said it and the management of RMJ Securities Corp have agreed to sell 80 pct of their interests in RMJ Holding Corp to <British and Commonwealth Holdings PLC> and Bank of New York expects to realize a substantial gain on the transaction. RMJ Holding is the holding company for RMJ ...
Financial Reports
NORTH AMERICAN <NAHL> SEES RECORD FOURTH QTR
North American Holding Corp said it expects to have record fourth quarter earnings and for sales to exceed 10 mln dlrs. For the fourth quarter ended March 30, 1986 the company reported net income of 631,720 dlrs on sales of 5.2 mln dlrs. It also said it expects revenues for the year to exceed 30 m...
Corporate News
INVESTORS UP INTERMEDICS <ITM> STAKE TO 16.8 PCT
A group of investment firms told the Securities and Exchange Commission they raised their stake in Intermedics Inc to 1,721,900 shares, or 16.8 pct of the total outstanding, from 1,565,900 shares, or 15.2 pct. Bessemer Securities Corp, a New York investment firm, Cilluffo Associates L.P., a New York inv...
Financial Reports
WAL-MART STORES INC <WMT> RAISES QUARTERLY
Qtly div six cts vs 4-1/4 cts prior Pay April 10 Record March 23
Financial Reports
OPTROTECH LTD <OPTKF> YEAR NET
Shr 13 cts vs 50 cts Net 651,397 vs 2,602,120 Revs 26.4 mln vs 21.6 mln NOTE: 1986 net includes gain 291,027 dlr gain from quantity discount rebates on purchases of materials in prior years.
Commodities and Trade
CORNING <GLW>, HAZLETON <HLC> SET EXCAHNGE RATIO
Corning Glass Works said the exchange ratio for its previously announced acquisition of Hazleton Laboratories Corp has been established at 0.5165 Corning common share for each Hazleton common share. Corning said the prospectus regarding the merger is expected to be mailed tomorrow to all Hazleton holder...
Corporate News
NORTH ATLANTIC TECHNOLOGIES <NATT> 4TH QTR
Shr loss 20 cts vs loss 14 cts Net loss 352,000 vs loss 248,000 Revs 285,000 vs 681,000 Year Shr loss 92 cts vs loss 49 cts Net loss 1,613,000 vs loss 842,000 Revs 1,523,000 vs 2,557,000 NOTE: Full name is North Atlantic Technologies Inc
Market and Economy
MONTEDISON, OTHER REFINERIES TO SHUT FOR WORK
Selm-Societa Energia Montedison is to close its Priolo crude refining units from March 15th to March 28th for maintenance, a company spokesman said. Throughput at the refinery is currently estimated at 140-150,000 bpd, although total capacity is nearer 200,000 bpd. Several other Mediterranean refine...
Financial Reports
ATTACKS AFFECT COLOMBIA'S OIL OUTLOOK-ECOPETROL
Continuous rebel raids against oil pipelines and foreign exploration camps endanger Colombia's present oil bonanza, Franciso Chona, manager of the state-run oil company Ecopetrol said. "It seems the subversion wants to end with our oil bonanza," he told reporters. He was speaking after a meeting w...
Financial Reports
HEALTH EXPERTS URGE ERADICATION OF RINDERPEST
World animal health experts called for a campaign to eradicate the lethal cattle disease Rinderpest in Bangladesh, Bhutan, India, Nepal and Pakistan, a statement from a Food and Agriculture Organization (FAO) meeting here said. Some 230 mln dlrs is needed over two years to vaccinate the entire susceptib...
Financial Reports
PERU'S CENTROMIN SAYS NO COPPER FORCE MAJEURE
Peru's biggest state mining firm, Centromin SA, said today there was no immediate force majeure possibility on its copper shipments after guerrillas blew up a railway line, interrupting train traffic from the Cobriza copper mine to the Pacific coast. A Centromin spokesman said the managers of the mine a...
Financial Reports
PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
PARKER DRILLING SUSPENDS QUARTERLY DIVIDEND
Corporate News