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FED EXPECTED TO ADD TEMPORARY RESERVES
| The Federal Reserve is expected to
enter the U.S. Government securities market to add temporary
reserves, economists said.
They expect it to supply the reserves indirectly by
arranging a fairly large round, two billion dlrs or more, of
customer repurchase agreements. The Fed may add the reserves
direc... | Financial Reports |
DREYER'S GRAND <DRYR> RESTATES 4RTH QUARTER LOSS
| Dreyer's Grand Ice Cream said
it has restated its previously-reported fourth quarter loss to
904,000 dlrs or 13 cts per share because it has now decided to
take a charge of about 700,000 dlrs to provide for losses of
Midwest Distributing Co, which was acquired December 30.
Dreyer's said the restatement ... | Corporate News |
<TURBO RESOURCES LTD> YEAR NET
| Oper shr nine cts vs three cts
Oper shr diluted eight cts vs three cts
Oper net 15 mln vs five mln
Revs 518 mln vs 622 mln
NOTE: Oper net excludes extraordinary income of seven mln
dlrs vs four mln on tax loss carryforward, offset by writedowns
of three mln dlrs vs eight mln on U.S. oil an... | Financial Reports |
VW HAS NO COMMENT ON SEAT LOSS REPORTS
| A Volkswagen AG
<VOWG.F> spokesman said the group had no immediate comment on
reports of greater than expected losses at its Spanish
subsidiary Sociedad Espanola de Automoviles de Turismo (SEAT).
German newspapers reported that Werner Schmidt, SEAT
supervisory board chairman, had told journalists tha... | Financial Reports |
BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
|
BENEFICIAL CORP TO SELL WESTERN NATIONAL LIFE FOR 275 MLN DLRS
| Financial Reports |
GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
|
GENERAL MILLS INC 3RD QTR SHR 64 CTS VS 52 CTS
| Corporate News |
CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
|
CAESARS WORLD INC SAID BOARD REJECTS MARTIN SOSNOFF TENDER
| Financial Reports |
Top discount rate at U.K. Bill tender falls to 9.3657 pct
|
Top discount rate at U.K. Bill tender falls to 9.3657 pct
| Financial Reports |
<MDI MOBILE DATA INTERNATIONAL INC> YEAR NET
| Oper shr 63 cts vs 47 cts
Oper shr diluted 56 cts vs 38 cts
Oper net 3,284,955 vs 2,176,925
Revs 31.6 mln vs 23.0 mln
NOTE: Current oper net excludes writedown of 344,039 dlrs,
or seven cts a share, on unidentified investment.
| Financial Reports |
UK MONEY MARKET DEFICIT REVISED TO ONE BILLION STG
| The Bank of England said it has revised
its estimate of today's shortfall to one billion stg, before
taking account of 646 mln stg morning assistance.
| Financial Reports |
OUTOKUMPU TO CLOSE NICKEL REFINERY DURING SUMMER
| The Finnish metal and mining group
Outokumpu Oy said it will close its nickel refinery at
Harjavalta in central Finland for six weeks in July and August
this year due to current low prices on the nickel market.
"We consider nickel prices as bad at the moment, although
they have been rising slightly sinc... | Other |
U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
|
U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT AFTER REVISED 0.1 PCT JAN GAIN
| Financial Reports |
U.S. FEB INDUSTRIAL PRODUCTION ROSE 0.5 PCT
| U.S. industrial production rose 0.5
pct in February after a revised 0.1 pct increase in January,
the Federal Reserve Board said.
The Fed previously said industrial production rose 0.4 pct
in January.
The Fed said the February gain was dominated by a sharp
rise in motor vehicle production, which bo... | Corporate News |
CAESARS WORLD <CAW> REJECTS SOSNOFF'S OFFER
| Caesars World Inc said its board
unanimously rejected a 28 dlr a share takeover offer by New
York investor Martin T. Sosnoff.
Caesars said Sosnoff's offer to by all its outstanding
shares of common stock was inadequate and not in the best
interests of its shareholders.
The company recommended that... | Corporate News |
ESSELTE AB <ESB.ST> 1986 RESULTS
| Group profit after net interest items
742 mln crowns vs 741 mln.
Sales 11.25 billion crowns vs 10.22 billion.
Estimated profit per share 10 crowns vs 9.20.
Proposed dividend four crowns vs 3.38.
| Financial Reports |
CONSECO <CNC> TO BUY BENEFICIAL <BNL> UNIT
| Conseco Inc said it has signed a
definitive agreement to acquire Western National Life Insurance
Co from Beneficial Corp for 275 mln dlrs in cash.
Western National had assets of 1.9 billion dlrs at the end
of 1986 and 1986 premium and investment revenues. Western
issues structured settlement annuities ... | Financial Reports |
GREAT AMERICAN BANCORP <GRTB> 4TH QTR NET
| Shr profit seven cts vs loss 24 cts
Net profit 151,000 vs loss 523,000
12 mths
Shrs loss 1.70 dlrs vs loss 44 cts
Net loss 3,670,000 vs loss 947,000
Assets 99.7 mln vs 102.6 mln
Deposits 91.1 mln vs 90.6 mln
Loans 44.3 mln vs 51.7 mln
| Financial Reports |
KONINKLIJKE NEDERLANDSE PAPIERFABRIEKEN <KNPN.AS>
| Net 1986 profit 132.6 mln guilders vs 117.3 mln
Turnover 1.6 billion guilders vs same
Earnings per share 16.00 guilders vs 15.80 on capital
expanded by 11 pct to 8.21 mln outstanding shares.
Proposed dividend per share 5.50 guilders vs 5.00
Note - Full company name is Koninklijke Nederlandse... | Financial Reports |
GENERAL MILLS INC <GIS> 3RD QTR FEB 22 NET
| Shr 64 cts vs 52 cts
Net 56,900,000 vs 46,400,000
Sales 1.31 billion vs 1.13 billion
Avg shrs 88.2 mln vs 89.3 mln
Nine mths
Shr 2.09 dlrs vs 1.59 dlrs
Net 185,900,000 vs 141,300,000
Sales 3.84 billion vs 3.36 billion
Avg shrs 88.9 mln vs 89.1 mln
NOTE: 1986 perio... | Financial Reports |
UNOFFICIAL STRIKE HITS ROTTERDAM GRAIN SECTOR
| About 220 men in Rotterdam port's
grain sector stopped work this afternoon in an unofficial
protest at the slow progress of negotiations over a new work
practice agreement, a spokesman for the port and transport
union FNV said.
Negotiations between the union and employers, which are due
to resume earl... | Financial Reports |
NOVELL <NOVL> SETS PAYMENT DATE FOR STOCK SPLIT
| Novell Inc said the dividend to
effect its previously announced two-for-one stock split will be
distributed April 13.
As stated at the time of the original announcement, the
company said the payment will be made to holders of record
March 31.
| Corporate News |
FOUR SEASONS BUYING MARRIOTT <MHS> HOTEL
| <Four Seasons Hotels Inc> and VMS Realty
Partners said they agreed to acquire the Santa Barbara Biltmore
Hotel in California from Marriott Corp, for undisclosed terms.
Closing was expected by March 31, they added.
The companies said they would jointly own the hotel and
rename it the Four Seasons ... | Corporate News |
NORTEK INC <NTK> SETS QUARTERLIES
| Qtly div common 2-1/2 cts vs 2-1/2 cts prior
Qtly div special common one ct vs one ct
Pay May Eight
Record April Three
| Financial Reports |
DUTCH PORT UNION CALLS OFF GENERAL CARGO STRIKES
| Dutch port and transport union, FNV,
has called off the strikes against planned redundancies that
have hit Rotterdam port's general cargo sector for the past
eight weeks, strike leader Paul Rosenmuller told a mass
meeting.
The decision followed yesterday's ruling by an Amsterdam
court preventing the s... | Market and Economy |
NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
|
NOVA AN ALBERTA CORP 4TH QTR SHR LOSS 15 CTS VS LOSS 1.09 DLRS
| Financial Reports |
U.K. MONEY MARKET GIVEN FURTHER 195 MLN STG HELP
| The Bank of England said it provided the
money market with a further 195 mln stg assistance during the
afternoon.
This brings total help today to 841 mln stg compared with a
liquidity shortage it has estimated at a revised one billion
stg.
The Bank bought 176 mln stg of band two bank bills outrigh... | Corporate News |
UGANDA RE-ROUTES COFFEE EXPORTS THROUGH KISUMU
| Long delays at the railway crossing on
the Kenyan border have led Uganda to re-route its coffee
exports through a ferry link with the Kenyan port of Kisumu
across Lake Victoria, Ugandan officials based in Kenya said.
Uganda has a direct rail link with the Kenyan port of
Mombasa through which it conducts... | Market and Economy |
NORWAY'S WHOLESALE PRICES RISE 0.5 PCT IN FEBRUARY
| Norway's wholesale price index (base 1981)
rose 0.5 pct in February to 136.0 after a 1.7 pct rise in
January to 135.0, the Central Bureau of Statistics said.
The year on year increase for February was 7.9 pct compared
with 5.7 pct in January and 2.2 pct in February 1986, it added.
| Corporate News |
HEALTHCO INTERNATIONAL INC <HLCO> 4TH QTR NET
| Oper shr 51 cts vs 43 cts
Oper shr diluted 47 cts vs 43 cts
Oper net 3,182,000 vs 2,462,000
Revs 101.7 mln vs 87.0 mln
Avg shrs 6,246,664 vs 5,671,607
Avg shrs diluted 7,501,209 vs 5,671,607
Year
Oper shr 1.84 dlrs vs 1.48 dlrs
Oper shr diluted 1.76 dlrs vs 1.48 dlrs
... | Financial Reports |
WILFRED AMERICAN EDUCATIONAL CORP <WAE> 4TH QTR
| Shr two cts vs 36 cts
Net 182,000 vs 3,433,000
Revs 20.1 mln vs 21.4 mln
Year
Shr 71 cts vs 98 cts
Net 6,706,000 vs 9,275,000
Revs 85.7 mln vs 75.4 mln
NOTE: 1985 net both periods includes gain 743,000 dlrs from
cancellation of debt.
1986 quarter net includes reversal... | Other |
AL LABORATORIES INC <BMD> 4TH QTR NET
| Shr 10 cts vs 14 cts
Net 913,000 vs 1,273,000
Revs 37.7 mln vs 24.7 mln
12 mths
Shr 61 cts vs 60 cts
Net 5,529,000 vs 5,448,000
Revs 123.6 mln vs 96.8 mln
NOTE: net for qtr and yr 1986 and 1985 adjusted to reflect
retroactive effect of three-for-two stock splits distributed... | Financial Reports |
NU-MED INC <NUMS> 3RD QTR JAN 31 NET
| Shr 26 cts vs 10 cts
Net 2,867,000 vs 1,208,000
Revs 100.0 mln vs 85.0 mln
Avg shrs 10.4 mln vs 9,791,671
Nine mths
Shr 57 cts vs 34 cts
Net 6,327,000 vs 3,951,000
Revs 284.4 mln vs 225.4 mln
Avg shrs 10.1 mln vs 9,831,097
Current year net both periods includes ga... | Financial Reports |
ALUSUISSE PLANS 50 PCT CAPITAL CUT
| Schweizerische Aluminium AG, Alusuisse,
plans to reduce share and participation certificate capital by
50 pct to cover losses in 1986 and those carried forward from
the previous year, chief executive Hans Jucker said.
Jucker told a news conference that the greatest drain on
its financial resources had b... | Corporate News |
DAVIS WATER <DWWS> RELEASES PRE-SPLIT EARNINGS
| Davis Water and Waste
Industries Inc said it has restated its earnings on a pre-
stock split basis for fiscal 1987's third quarter and nine
months ended January 31, which were reported March 10 on a post
four-for-three stock split basis.
The company said its earnings per share for the third
quarter on... | Corporate News |
<NOVA AN ALBERTA CORP> 4TH QTR LOSS
| Shr loss 15 cts vs loss 1.09 dlrs
Net loss 19.3 mln vs loss 139.6 mln
Revs 611.7 mln vs 868.6 mln
Year
Shr profit 12 cts vs loss 1.31 dlrs
Net profit 16.1 mln vs loss 167.9 mln
Revs 2.68 billion vs 3.35 billion
Avg shrs 134.7 mln vs 128.1 mln
| Corporate News |
ELDER-BEERMAN <ELDR> GETS OFFER OF 30 DLRS/SHARE
| Elder-Beerman Stores Corp said
owners of about 70 pct of its stock have offered to take the
company private by offerring 30 dlrs per share for the
remaining 30 pct of its stock.
The company said the proposal will be considered at a
regularly scheduled board meeting on March 17.
It said the offer w... | Financial Reports |
N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY
| New Zealand's official foreign
reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20
billion dlrs in December and compared with 3.03 billion a year
ago period, the Reserve Bank said in its weekly statistical
bulletin.
| Corporate News |
STONE <STO> SPLITS STOCK, RAISES PAYOUT
| Stone Container Corp said it is
splitting its common stock 2-for-1 and increasing its dividend
33-1/3 pct.
The dividend of 20 cts a share, an increase of five cts
over the prior 15 cts a share on pre-split shares, is payable
June 12 to holders of record May 22.
The stock split also is payable June... | Commodities and Trade |
ECHLIN INC <ECH> DIVIDEND INCREASED 12 PCT
| Qtly div 14 cts vs 12.5 cts in prior qtr
Payable April 18
Record April two
| Corporate News |
NATIONAL ENTERTAINMENT CORP <NENT> 3RD QTR NET
| Jan 31 end
Shr six cts vs eight cts
Net 177,000 vs 252,000
Revs 3,209,000 vs 1,070,000
Nine mths
Shr 12 cts vs eight cts
Net 365,000 vs 247,000
Revs 7,156,000 vs 2,960,000
NOTE: Prior year net both periods includes 91,000 dlr tax
credit.
| Corporate News |
NATIONAL ENTERTAINMENT <NENT> REVERSE SPLIT SET
| National Entertainment Corp
said shareholdersapproved a one-for-25 reverse stock split and
a name change to Major Video Corp, both effective March 16.
It said its new ticker symbol will be <MAJV>.
The company also said it expects to add nine company-owned
and franchised Major Video stores in the ... | Financial Reports |
<PEMBINA RESOURCES LTD> YEAR NET
| Shr 48 cts vs 81 cts
Net 3,986,000 vs 6,760,000
Revs 77.3 mln vs 40.5 mln
| Market and Economy |
COMPUTER MEMORIES <CMIN> SETS FILM FIRM MERGER
| Computer Memories Inc, which ended
its disk drive operations in June 1986, agreed to acquire
<Hemdale Film Corp> in a transaction which will give Hemdale's
owner control of the resulting company.
Computer Memories' principal asset is about 29.4 mln dlrs
in cash and cash equivalents. It has agreed to ... | Market and Economy |
KLM SEEKS STAKE IN BRITISH COURIER SERVICE
| KLM Royal Dutch Airlines <KLM.AS>
said it is negotiating for a minority stake in a British and
Commonwealth Shipping Plc <BCOM.L> courier service in a
transaction which might include a convertible loan issue.
KLM, already active in the fast growing door-to-door
delivery market through a 50-pct sta... | Financial Reports |
ECONOMIC SPOTLIGHT - EMS MARKS EIGHTH BIRTHDAY
| The European Monetary System marks its
eighth anniversary still vulnerable to turmoil in world money
markets despite creating an island of currency rate stability
in Europe, economists say. But many economists say the system,
which holds eight European Community currencies within narrow
fluctuation bands, r... | Market and Economy |
GENERAL MILLS<GIS> SEES STRONG 4TH QTR RESULTS
| General Mills Inc, reporting
stronger results for the third quarter ended February 22, said
it expects the momentum to continue in the fourth quarter.
The company said it expects to report "strong earnings per
share growth and a record return on equity in fiscal 1987." It
said this should be achieved de... | Other |
PACKAGING SYSTEMS <PAKS> TO BUY LABEL FIRM
| Packaging Systems Corp said
it agreed to acquire <Walter-Richter Labels Inc>, a privately
held maker of woven labels based in Paterson, N.J.
Terms of the acquisition, which is expected to be completed
within 60 days, were not disclosed.
| Corporate News |
MANUFACTURED HOMES INC <MNH> YEAR NET
| Shr 53 cts vs 85 cts
Net 2,033,425 vs 3,718,325
Revs 120.6 mln vs 79.5 mln
NOTE: 1986 net includes 3,300,000 dlr provision for credit
loss.
1985 net includes charge 504,571 dlrs from cumulative
effect of accounting change.
| Corporate News |
HAITI ANNOUNCES FIND OF ORE-RICH GOLD FIELD
| The Ministry of Mines
has announced the discovery of a major gold field in Grand Bois
in Haiti's mineral-rich North.
At a press conference yesterday, a Ministry spokesman
reported the deposit contained an estimated 44 mln tons of ore,
with each ton capable of containing 7,666 grams of gold. The
spoke... | Corporate News |
HOLIDAY CORP <HIA>, COMSAT <CQ> CLOSE SALE
| Holiday Corp and Communications
Satellite Corp said they closed the previously announced sale
to Comsat of Holiday's 50 pct interest in Hi-Net
Communications, their joint venture that provides in-room video
entertainment to hotels by satellite.
Under terms of the deal, Comsat paid Holiday 25 mln dlrs in... | Corporate News |
CONSUMERS FINANCIAL CORP <CFIN> 1986 NET
| Shr 61 cts vs 42 cts
Net 6,247,000 vs 5,587,000
Rev 65.4 mln vs 53.6 mln
NOTE: 1986 net includes investment gains of 25 cts a share,
versus six cts a share for 1985, and extraordinary gain of
seven cts a share.
| Corporate News |
CHICAGO RIVET AND MACHINE CO <CVR> 4TH QTR NET
| Shr 21 cts vs 60 cts
Net 156,576 vs 443,404
Sales 5,309,519 vs 5,381,264
Year
Shr 1.06 dlrs vs 1.55 dlrs
Net 788,220 vs 1,151,330
Sales 22.3 mln vs 23.6 mln
| Market and Economy |
FILTERTEK INC <FTK> SETS QUARTERLY
| Qtly div 11 cts vs 11 cts prior
Pay May 15
Record May One
| Corporate News |
UK MONEY MARKET GIVEN LATE HELP OF 185 MLN STG
| The Bank of England said it gave the
money market late, unspecified assistance of around 185 mln
stg.
This takes the total liquidity injected into the system by
the bank today to 1.026 billion stg compared with a shortage it
estimated at around one billion stg.
Overnight interbank sterling dipped ... | Corporate News |
NEW RUBBER PACT APPEARS IN THE BALANCE
| Negotiations on a new International
Natural Rubber Agreement, INRA, are approaching the
make-or-break point and prospects for a future pact appear to
be in the balance, delegates said.
Manaspas Xuto of Thailand, chairman of the INRA
renegotiation conference, is holding consultations with a small
group... | Financial Reports |
SOVIETS RUMORED TO HAVE BOUGHT MORE U.S. CORN
| The Soviet Union is rumored
this morning to have bought up to 1.5 mln tonnes of U.S. corn,
export trade sources said.
The amount was not confirmed, but the talk was widespread
through the trade. Gulf cash barge basis levels jumped two to
three cents this morning on the rumors, which were expected to
b... | Commodities and Trade |
TRANSACT INT'L INC <TACT> 3RD QTR JAN 31 NET
| Shr one ct vs three cts
Net 66,922 vs 194,531
Rev 4.2 mln vs 5.7 mln
Nine months
Shr two cts vs four cts
Net 93,802 vs 260,702
Rev 10.1 mln vs 13.2 mln
NOTE: Nine months 1987 period includes gain of 196,043 dlrs
from sale of Meston Lake Resources shares and a credit of
12... | Corporate News |
FRANCE REPAYS SOME OF CURRENCY INTERVENTION DEBT
| France today repaid 21.95 billion francs
of short-term currency intervention debt to the European
Monetary Cooperation Fund, EMCF, the Finance Ministry said.
It said the debt was part of a 33.90 billion franc
liability incurred through the activation of EMCF swap
facilities to defend the franc before th... | Corporate News |
S-K-I LTD <SKII> 2ND QTR JAN 25 NET
| Shr 81 cts vs 57 cts
Net 3,660,273 vs 2,437,914
Rev 28.5 mln vs 23.1 mln
Six months
Shr 29 cts vs 12 cts
Net 1,325,755 vs 483,559
Rev 31.7 mln vs 26.4 mln
| Financial Reports |
SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
|
SHELL CANADA RAISES CRUDE PRICES BY 64 CANADIAN CTS/BBL TODAY AT EDMONTON
| Financial Reports |
13-MAR-1987
| 13-MAR-1987
| Financial Reports |
HAITI ALLOWS IMPORTATION OF BANNED BLACK PIGS
| Haiti's agriculture minister
yesterday announced his department will permit the importation
of 730 black Creole pigs, which had been banned from the island
nation since 1983.
Between 1981 and 1983, a team of Canadian veterinarians
funded by the United States, Canada, Mexico and Costa Rica
supervised t... | Corporate News |
GERMAN BANK SEES GOOD SOVIET TRADE PROSPECTS
| Soviet-West German trade is expected
to develop favourably due to Moscow's increasing openness to
East-West economic relations, Dresdner Bank AG's Moscow
representative Michael Stein said.
He told a bank presentation the Soviet Union was last year
hit by the fall in world oil prices, which cut export re... | Financial Reports |
KAPOK CORP <KPK> YEAR SEPT 30 LOSS
| Shr loss 20 cts vs profit 96 cts
Net loss 499,000 vs profit 2,369,000
Revs 11.5 mln vs 10.3 mln
NOTE: Prior year net includes gain on sale of property of
4,557,000 dlrs.
| Financial Reports |
NATIONAL PIZZA CO <PIZA> TO ACQUIRE RESTAURANTS
| National Pizza Co said it reached an
agreement in principle to buy seven Straw Hat pizza restaurants
and certain related real estate for approximately three mln
dlrs in cash.
The acquisitions will be converted to Pizza Hut
restaurants, said National Pizza, and are expected to generate
annual sales of ... | Financial Reports |
CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
|
CITICORP SAYS PLACING BRAZIL LOANS ON CASH BASIS COULD CUT 1ST QTR NET BY 50 MLN DLRS
| Financial Reports |
SINGAPORE TO SPEND 1.2 BILLION DLRS ON PORTS
| The Port of Singapore Authority (PSA)
will spend 1.2 billion dlrs to develop port facilities and
cargo-handling equipment over the next five years,
Communications Minister Yeo Ning Hong told parliament.
Yeo said the improvements were needed to cope with an
expected growth of ship tonnage and cargo handl... | Corporate News |
ORS SEEKS CANADIAN FUNDS FOR HEAVY OIL TEST
| <ORS Corp> said <Dominion
Securities (Alberta) Inc> has been appointed to offer common
shares in a new Canadaina company being organized to exploit
heavy oil production opportunities in Canada and Western
Europe.
ORS said the offer for private sale of the stock being made
on a best efforts basis... | Financial Reports |
CHRYSLER <C> UNIT BUYS BENEFICIAL <BNL> UNIT
| Chrysler Corp said its Chrysler
First Inc acquired a major portion of the commercial lending
portfolio of Beneficial Business Credit Corp, a subsidiary of
Beneficial Corp.
It said the acquisition involves about 84 mln dlrs of net
receivables.
Chrysler First, a subsidiary of Chrysler Financial Corp... | Financial Reports |
CARGILL U.K. STRIKE TALKS POSTPONED
| Talks due today between management and
unions to try to end the strike at Cargill U.K. Ltd's Seaforth
oilseed crushing plant have been rescheduled for Thursday, a
company spokesman said.
Oilseed processing at the plant has been halted since
December 19 when mill workers walked out in protest at new
co... | Other |
PETROBRAS ASKS ARMY TO WITHDRAW TROOPS
| Brazil's state-oil company
Petrobras has asked the Army to withdraw the troops which were
occupying its oil installations since Tuesday, Petrobras said
in a statement.
The statement said the request for the withdrawal of the
troops was made because of the calmness reigning in all of its
refineries.
... | Financial Reports |
AMAX <AMX> IN GOLD, SILVER FIND
| AMAX Incx said it has identified
additional gold and silver ore reserves at its AMAX Sleeper
Mine near Winnemucca, Nev..
It said as a result of recent drilling, reserves at thhe
mine are now estimated at 2,470,000 short tons of ore grading
0.24 ounce of gold and 0.50 ounce of silver per ton that is
tr... | Financial Reports |
ITALIAN INTERBANK RATE RISES IN FEBRUARY
| Italy's average interbank rate
rose to a provisional 12.18 pct in February from 12.05 pct in
January, figures from the Bank of Italy show.
Weighted average rate on bank lending was a provisional
13.78 pct in February compared with 13.83 in January, while
average weighted rate paid on deposits eased a pr... | Corporate News |
YEUTTER SAYS DLR LEVEL BASED ON ECONOMIC POLICY
| U.S. Trade Representative Clayton
Yeutter said that whether the exchange rate of the dollar would
fall or rise in the coming decade would depend on nations'
financial, monetary and tax policies.
But, he said, in a speech and remarks to the Heritage
Foundation, that in the end "the marketplace will ultim... | Financial Reports |
PAINT COMPANY HAS METEX<MTX> STAKE, MAY BUY MORE
| Metropolitan Consolidated Industries
Inc, a New York paint company, said it has acquired 278,709
shares of Metex Corp, or 21.2 pct of the total, and left open
the possibility that it might acquire more through a merger.
In a filing with the Securities and Exchange Commission,
Metropolitan said it bought... | Financial Reports |
BPI SYSTEMS <BPII> IN TALKS TO SELL COMPANY
| BPI Systems Inc said it is
holding discussions that could lead to the sale of all its
outstanding shares for about 12 mln dlrs.
BPI president and chief executive officer David R. Fernald
declined to identify the other party involved in the talks.
For the nine months ended December 31, BPI lost 1,286... | Financial Reports |
BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
|
BALLY MANUFACTURING SAID IT IS CONSIDERING SALE OF SIX FLAGS THEME PARKS
| Other |
STUDY GROUP URGES INCREASED U.S. OIL RESERVES
| A study group said the United States
should increase its strategic petroleum reserve to one mln
barrels as one way to deal with the present and future impact
of low oil prices on the domestic oil industry.
U.S. policy now is to raise the strategic reserve to 750
mln barrels, from its present 500 mln, to... | Corporate News |
TELEMEDIA TO BUY HARROWSMITH, EQUINOX MAGAZINES
| (Telemedia Inc) said its (Telemedia
Publishing Inc) subsidiary agreed to buy privately-owned
Harrowsmith and Equinox magazines for an undisclosed amount of
cash.
Telemedia said the acquisition is expected to have a small
positive impact on short-term earnings.
Harrowsmith, an alternative life-styl... | Financial Reports |
DIVI HOTELS NV <DVH> 3RD QTR NET
| Shr profit 36 cts vs profit 14 cts
Net profit 1,162,000 vs profit 464,000
Revs 16.6 mln vs 11.3 mln
Nine mths
Shr loss 89 cts vs loss 79 cts
Net loss 2,988,000 vs loss 2,673,000
Revs 35.1 mln vs 25.1 mln
NOTE: Nine months fiscal 1987 includes extraordinary gain
of 16 cts pe... | Financial Reports |
BALLY <BLY> CONSIDERING SALE OF SIX FLAGS
| Bally Manufacturing Corp said it is
considering the sale of its Six Flag theme amusement park unit
and would use the proceeds to pay off debt.
In addition to the possible sale of the amusement parks,
Bally plans to sell a minority stake in its health club chain
to the public. The company will register a... | Financial Reports |
FRANKLIN RESOURCES <BEN> SAYS NET MAY DOUBLE
| Franklin Resources Inc said
it believes earnings could double this year as compared to a
year ago when the company reported income of 32 mln dlrs on 143
mln dlrs in revenues.
Franklin Resources is a financial services company. Its
fiscal year ends September 30.
| Other |
CUBA SUGAR CROP SEEN AT LEAST SAME AS LAST YEAR
| Cuban sugar export figures for January
suggest that this year's crop may be at least as large as last
year's 7.35 mln tonnes, according to sugar analysts.
Exports in January totalled 733,000 tonnes raw value, up
from 725,000 a year earlier, according to figures received by
the International Sugar Organi... | Financial Reports |
AGENCY REPORTS 39 SHIPS WAITING AT PANAMA CANAL
| The Panama Canal Commission, a U.S.
government agency, said in its daily operations report that
there was a backlog of 39 ships waiting to enter the canal
early today. Over the next two days it expects --
2/26 2/27
Due: 27 35
Scheduled to Transit... | Corporate News |
K-TRON INTERNATIONAL INC <KTII> 4TH QTR NET
| Oper shr profit 36 cts vs loss 1.48 dlrs
Oper net profit 1,353,000 vs loss 5,551,000
Revs 11.3 mln vs 8,142,000
Year
Oper shr profit 31 cts vs loss 1.58 dlrs
Oper net profit 1,165,000 vs loss 5,919,000
Revs 38.0 mln vs 31.6 mln
NOTE: Net includes pretax unusual gain 64,000 dl... | Financial Reports |
HELMERICH AND PAYNE INC <HP> INCREASES DIV
| Qtly div 10 cts vs nine cts
Payable June one
Record May 15
| Corporate News |
HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
| Shr loss 45 cts vs profit 20 cts
Net loss 1,841,000 vs profit 983,000
Revs 56.2 mln vs 102.9 mln
Six mths
Shr loss 13 cts vs profit 80 cts
Net loss 534,000 vs profit 4.4 mln
Revs 121.4 mln vs 209.3 mln
NOTE: Six months fiscal 1987 includes loss of 17 cts per
share from disc... | Financial Reports |
WHITE HOUSE SAYS TRADE BILL GENERALLY GOOD
| White House spokesman Marlin
Fitzwater said the administration had some disagreements with
the trade bill that cleared a House subcommittee yesterday but
generally felt good about the bill.
"Generally we feel very good about the bipartisan
consideration of the trade legislation. I think we are
progres... | Corporate News |
SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
|
SUNTER ACQUISITION BEGINS TENDER FOR ALLEGHENY INTERNATIONAL INC
| Financial Reports |
U.S. CONSERVATION SIGNUP SEEN 10 TO 12 MLN ACRES
| Grain traders and analysts look for a
10 to 12 mln acre sign-up in the USDA's conservation reserve
program, scheduled to be announced after 1400 CST today.
The USDA probably will accept about 80 to 90 pct of the
acres submitted, they said.
Total enrollment in the first three years of the program is
... | Financial Reports |
IRISH OIL CONCERN BOOSTS CENERGY <CRG> STAKE
| Bryson Oil and Gas plc, a Belfast,
Northern Ireland, oil company which has said it is considering
seeking control of Cenergy Corp, said it raised its stake in
the company to 1,281,887 shares, or 13.2 pct of the total.
In a filing with the Securities and Exchange Commission,
Bryson said it bought 440,000... | Financial Reports |
SUNTER BEGINS TENDER FOR ALLEGHENY <AG>
| Allegheny International Inc said
Sunter Acquisititon Corp, formed by First Boston Inc, began a
cash tender offer in accordance with their previously announced
merger agreement for all the outsanding shares of Allegheny's
common stock, 2.19 dlr cumulative preference stock and 11.25
dlrs convertible preferr... | Financial Reports |
<TRANSIT FINANCIAL HOLDINGS INC> 4TH QTR NET
| Shr 35 cts vs 13 cts
Net 531,840 vs 188,362
Revs not given
Year
Shr 83 cts vs 41 cts
Net 1,249,000 vs 620,000
Revs 10,800,000 vs 5,600,000
| Other |
SPORTING LIFE INC <SPLF> 2ND QTR JAN 31 NET
| Oper shr loss six cts vs profit four cts
Oper net loss 58,388 vs profit 34,101
Revs 2,419,203 vs 2,145,967
1st half
Oper shr profit six cts vs profit 18 cts
Oper net profit 61,763 vs profit 172,166
Revs 5,731,582 vs 4,458,040
NOTE: Prior year net excludes extraordinary credit... | Financial Reports |
INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE
| A group of affiliated New York
investment firms said they lowered their stake in Cyclops Corp
to 200,500 shares, or 5.0 pct of the total outstanding, from
260,500 shares, or 6.4 pct.
In a filing with the Securities and Exchange Commission,
the group, led by Mutual Shares Corp, said it sold 60,000
Cycl... | Financial Reports |
<ARGYLL ENERGY CORP> YEAR LOSS
| Shr loss 1.41 dlrs vs profit 27 cts
Net loss 8,225,052 vs profit 1,566,936
Revs 4,028,231 vs 6,725,462
Note: 1986 shr and net after 6,606,646 dlr writedown on
property and other assets
| Financial Reports |
TRANSIT FINANCIAL SEES 1987 SHARE PROFIT RISE
| <Transit Financial Holdings Inc>,
earlier reporting higher fourth quarter and full year earnings,
said it expects 1987 share profit to increase to 1.27 dlrs from
83 cts in 1986.
The company said the 1987 share forecast is based on 2.5
mln shares outstanding, after a one mln common share issue on
De... | Other |
SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
|
SAN PAOLO DI TORINO CUTS PRIME RATE TO 12.50 PCT FROM 13.00 PCT - OFFICIAL
| Financial Reports |
CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
|
CANADIAN MONEY SUPPLY M-1 RISES 592 MLN DLRS IN WEEK, BANK OF CANADA SAID
| Financial Reports |
HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
| Shr loss 45 cts vs profit 20 cts
Net loss 1,841,000 vs profit 983,000
Revs 56.2 mln vs 102.9 mln
Avg shrs 4,127,000 vs 4,835,000
1st half
Oper shr four cts vs 80 cts
Oper net 172,000 vs 4,359,000
Revs 121.4 mln vs 209.3 mln
Avg shrs 4,127,000 vs 5,439,000
NOTE: Cu... | Financial Reports |
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