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CYCLOPS <CYL> WILL NOT GIVE DATA TO GROUP
| Cyclops Corp said its board rejected
a request by Cyacq Corp, an investor group, for more non-public
information about Cyclops, a maker of specialty steels and an
electronics retailer.
Cyclops cited its agreement to be acquired by Britain's
Dixons Group PLC for 90.25 dlrs a share under a tender offer
... | Financial Reports |
SAN JUAN RACING ASSOCIATION INC <SJR> 3RD QTR
| Shr 22 cts vs 22 cts
Net 915,911 vs 970,141
Revs 8.0 mln vs 8.0 mln
Nine months
Shr 69 cts vs 56 cts
Net 3.0 mln vs 2.4 mln
Revs 23.5 mln vs 22.1 mln
NOTE:1987 3rd qtr and nine months include extraordainry
gain of 341,145 dlrs and 480,412 dlrs, respectively, on sale of
la... | Financial Reports |
EDELMAN CUTS LUCKY STORES <LKS> STAKE TO 4.8 PCT
| A group led by New York investor
Asher Edelman said he lowered its stake in Lucky Stores Inc
<LKS> to 1,827,734 shares, or 4.8 pct of the total outstanding
common stock, from 1,930,734 shares, or 5.1 pct.
In a filing with the Securities and Exchange Commission,
the Edelman group said it sold 103,000 ... | Financial Reports |
CANADIAN MONEY SUPPLY RISES IN WEEK
| Canadian narrowly-defined money supply
M-1 rose 592 mln dlrs to 33.36 billion dlrs in week ended March
4, Bank of Canada said.
M-1-A, which is M-1 plus daily interest chequable and
non-personal deposits, rose 778 mln dlrs to 75.95 billion dlrs
and M-2, which is M-1-A plus other notice and personal
fix... | Financial Reports |
USSR HEAVY BUYERS OF YUGOSLAV CORN-U.S. REPORT
| The Soviet Union has been a heavy
buyer of Yugoslav corn since October, purchasing close to 1.5
mln tonnes in the 1986/87 marketing year, according to a report
from the U.S. agriculture counselor in Belgrade.
Approximately 1.5 mln tonnes of Yugoslav corn have already
been committed to foreign buyers for... | Commodities and Trade |
PRESIDENTIAL REALTY CORP <PDO> ANNUAL NET
| Shr 1.65 dlrs vs 1.50 dlrs
Net 5,370,000 vs 4,901,000
Rev 8.4 mln vs 7.8 mln
NOTE: 1986 net gain from property investments 717,000 dlrs,
or 22 cts per share, vs 721,000 dlrs, or 22 cts per share.
| Corporate News |
U.S. MAKES CONCILIATORY MOVE AT RUBBER PACT TALKS
| The U.S. Has dropped its insistence that
the floor price in a new International Natural Rubber
Agreement, INRA, be revised downward under certain
circumstances, conference sources said.
The surprise conciliatory move by the U.S. Meets one of the
producers' main concerns -- that the floor price, or "lowe... | Financial Reports |
FED SEEN CONTENT WITH U.S. FEBRUARY ECONOMY
| U.S. February reports reflecting slim
gains in industrial output and moderating inflation pressures
reinforced expectations that the Federal Reserve will continue
to follow a stable course of monetary policy, economists said.
"If you're the Fed, there's no reason to do anything," said
Steve Slifer of Le... | Financial Reports |
MOBIL <MOB> CAPITAL EXPENDITURES LOWER IN 1987
| Mobil Corp chairman Allen E. Murray
said in the annual report issued today that the company's total
1987 capital expenditures would be lower than the three
billion dlrs spent in 1986.
"Overall capital and exploration expenditures will fall
slightly below the level for 1986 although we'll be ready to
i... | Corporate News |
INTERCONNECT PREFERS FRIENDLY GATES <GLJ> OFFER
| <Interconnect Capital> said it
seeks to acquire Gates Learjet Corp on friendly terms.
Late yesterday the company said it has offered 7.07 dlrs
per share for all Gates Learjet shares.
Interconnect Capital said it intends to purchase the <Gates
Corp> loan to Gates Learjet for 13 mln dlrs should ... | Corporate News |
BRAZILIAN TROOPS TO LEAVE OIL REFINERIES
| Brazil's labour troubles eased a
little today as the authorities announced they were withdrawing
troops from the country's main oil installations occupied three
days ago.
The troops went in at the request of the state-oil company
Petrobras because of the threat of a strike by 55,000 oil
industry emplo... | Corporate News |
INFINITE GRAPHICS INC <INFG> 3RD QTR JAN 31 NET
| Shr profit two cts vs loss 11 cts
Net profit 31,734 vs loss 190,677
Sales 1,325,978 vs 1,029,921
Nine Mths
Shr profit eight cts vs loss 53 cts
Net profit 142,200 vs loss 939,435
Sales 4,066,777 vs 2,793,479
| Corporate News |
MINDSCAPE BUYS HARCOURT BRACE <HBJ> UNIT
| (Mindscsape Inc) said it
agreed to buy the educational software unit of Holt, Rinehart
and Winston Inc, a subsidiary of Harcourt Brace Jovanovich Inc,
for undisclosed terms.
Sales of the division, which had been purchased by Holt,
Rinehart from CBS, peaked at about 10 mln dlrs in 1985,
Mindscape said.... | Financial Reports |
HEALTH-MOR INC <HMI> SETS DIVIDEND
| Qtly dividend 17 cts vs 17 cts
Pay April 10
Record March 26
| Financial Reports |
CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
|
CAESARS WORLD SAYS IT CONSIDERS RESTRUCTURING AND SALE TO OTHER COMPANY
| Financial Reports |
REDSTONE DETAILS SWEETENED VIACOM <VIA> OFFER
| Investor Sumner Redstone, who leads
one of the two groups vying for control of Viacom International
Inc, offered to sweeten his bid for the company by 1.50 dlrs a
share cash and 1.50 dlrs in securities.
In a filing with the Securities and Exchange Commission,
Redstone, who controls Dedham, Mass.,-based ... | Financial Reports |
FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
|
FAIRCHILD INDUSTRIES INC 4TH QTR OPER SHR LOSS 44 CTS VS LOSS EIGHT CTS
| Market and Economy |
MOBIL <MOB> ADDS NATURAL GAS RESERVES IN 1986
| Mobil Corp increased net proven
reserves of natural gas liquids in 1986 from the previous year
according to data in its 1986 annual report.
The report states that total net proved reserves at year's
end stood at 2.5 billion barrels, an increase of 94 mln barrels
or four pct above the previous year and d... | Corporate News |
ARCO SELLS TWO AGRICULTURAL RESEARCH OPERATIONS
| Atlantic Richfield Co said it sold
its Plan Cell Research Institute unit and its Arco Seed Co
operations in two transactions for undisclosed prices.
The company said it sold Dublin, Calif.-based Plant Cell
Research to Montedision SpA of Milan, Italy, and ARCO Seed Co
to U.F. Genetics of Hollister, Calif... | Financial Reports |
CAESARS WORLD <CAW> SAYS IT MULLS RESTRUCTURING
| Caesars World Inc, in rejecting a 28
dlr a share takeover bid by New York investor Martin Sosnoff,
said it is considering alternatives that include a
restructuring of the company and the sale to someone else.
In a filing with the Securities and Exchange Commission,
Caesars World said its board decided a... | Financial Reports |
LOW SUGAR PRICES MAY ATTRACT SOVIET/CHINESE
| Any further decline in raw sugar prices
is likely to attract buying from the Soviet Union and China,
Woodhouse, Drake and Carey said in their latest weekly market
report.
Present lower terminal values may be a reflection of the
lack of renewed prompt offtake, particularly from these two
large consumer... | Commodities and Trade |
MONTEDISON CONCLUDES TALKS WITH ANTIBIOTICOS
| Montedison Spa <MONI.MI> said it has
concluded its negotiations with Spanish pharmaceuticals company
<Antibioticos SA>.
A company spokesman told Reuters "We have concluded the
talks and we are now awaiting authorization from Spanish
authorities." He declined to comment further.
Earlier today... | Financial Reports |
CHEMLAWN <CHEM> SEEKS BIDS BY MARCH 18
| ChemLawn corp said it has asked
potential purchasers of the company to submit their proposals
by 1700 EST on March 18.
ChemLawn said if Waste Management Inc <WMX> intends to
participate in the bidding process, it will have to submit a
confidentiality agreement to Chemlawn financial advisor Smith
Ba... | Other |
GTS CORP <GTSC> 4TH QTR DEC 31 LOSS
| Shr loss 48 cts vs loss 10 cts
Net loss 1,234,000 vs loss 259,000
Revs 715,000 vs 1,941,000
Year
Shr loss 1.26 dlrs vs loss 34 cts
Net loss 3,229,000 vs loss 870,000
Revs 3,001,000 vs 9,767,000
NOTE: 1986 net both periods includes 672,300 dlr writedown
of value of seismic l... | Other |
FAIRCHILD INDUSTRIES INC <FEN> 4TH QTR LOSS
| Oper shr loss 44 cts vs oper loss eight cts
Oper net loss 3,158,000 vs profit 2,035,000
Rev 166.0 mln vs 162.3 mln
Year
Oper shr loss 34 cts vs loss 93 cts
Oper net profit 7,599,000 vs loss 283,000
Rev 643.3 mln vs 576.3 mln
NOTE: Per share results after provision for pfd div... | Financial Reports |
SMARTNAMES TO BUY AMERICAN INFORMATION NETWORK
| SmartNames Inc said it reached
an agreement in principle to buy American Information Network.
Terms of the agreement were not disclosed.
The company said the purchase of American will allow it to
meet the needs of a broader range of direct mail industry
customers.
| Other |
UTILICORP <UCU> COMPLETES ACQUISITION
| UtiliCorp United Inc said it
completed the acquisition of West Virginia Power from Dominion
Resources for about 21 mln dlrs.
The sale was approved by the West Virginia Public Service
Commission in January and became effective March one. West
Virginia's management will continue to be responsible for
op... | Financial Reports |
ARCO <ACR> SELLS TWO OPERATIONS
| Atlantic Richfield Co said it sold
its Plan Cell Research Institute unit and its Arco Seed Co
operations in two transactions for undisclosed prices.
The company said it sold Dublin, Calif.-based Plant Cell
Research to <Montedision SpA> of Milan, Italy and ARCO Seed Co
to U.F. Genetics of Hollister, C... | Corporate News |
ECUADOR BEGINS WORK ON OIL PIPELINE TO COLOMBIA
| Construction workers today began building
a 26 km (16 mile) pipeline to link Ecuador's jungle oilfields
to a pipeline in Colombia through which Ecuadorean crude could
be pumped to the Pacific Coast, Ecuadorean energy minsitry
officials said.
They said it would take about two months and at least 15
mln... | Corporate News |
DUTCH TRADE FULLY IN BALANCE BUT DOWN IN JANUARY
| The Netherlands recorded a flat trade
balance in January, with both exports and imports totaling 14.2
billion guilders, a modestly lower compared with December but
sharply down from January last year, an Economics Ministry
spokesman said, quoting official statistics.
January 1986 exports compared with a... | Commodities and Trade |
NUMEROUS FACTORS SAID POINT TO USSR CORN BUYING
| A greater than anticipated need,
competitive prices and political motivations could be sparking
Soviet interest in U.S. corn, industry and government officials
said.
As rumors circulated through grain markets today that the
Soviet Union has purchased an additional 1.5 mln tonnes of U.S.
corn, industry... | Corporate News |
DESOTO INC <DSO> REGULAR DIVIDEND SET
| Qtly div 35 cts vs 35 cts previously
Pay April 17
Record March 31
| Other |
METHODE ELECTRONICS INC <METHB> REGULAR PAYOUT
| Qtly div Class B 1-1/2 cts vs 1-1/2 cts prior
Class A two cts vs two cts prior
Pay April 30
Record April 15
| Financial Reports |
BRAZIL INDUSTRIAL GROWTH RATE SLOWED IN JANUARY
| The growth rate of Brazilian
industrial output slowed in January to 6.09 pct above the same
1986 month after rising 6.71 pct in December, Brazilian
Geography and Statistics Institute figures show.
The result is in line with the declining trend in the
growth rate since October, the Institute said.
... | Corporate News |
GENERAL CINEMA CORP <GCN> COMMON STOCK DIVIDEND
| Qtly div 15 cts vs 15 cts prior
Pay April 30
Recrod April nine
| Financial Reports |
STEPHAN CO <FTC> YEAR NET
| Shr 25 cts vs 18 cts
Net 109,131 vs 75,793
Revs 1,811,636 vs 1,280,618
| Commodities and Trade |
NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE
| The U.S. Agriculture Department
reported the farmer-owned reserve national five-day average
price through February 25 as follows (Dlrs/Bu-Sorghum Cwt) -
Natl Loan Release Call
Avge Rate-X Level Price Price
Wheat 2.55 2.40 IV 4.65 --
... | Financial Reports |
AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT
| <America First Federally Guaranteed
Mortgage Fund Two> said it is making a special distribution of
71.6 cts per exchangeable unit, which includes 67.62 cts from
return on capital and 3.98 cts from income gains.
| Financial Reports |
PLM <PLMA> UNIT ENDS MERGER TALKS
| PLM Cos Inc said its PLM Power Co
unit broke off merger discussions with Sunlaw Energy Corp of
Beverly Hills, Calif.
In January PLM Power entered into a letter of intent to
negotiate a potential acquisition of Sunlaw, subject to
substantial due diligence, the company said.
But it also said the two... | Corporate News |
COLOMBIA OPENS APRIL/MAY COFFEE REGISTRATIONS
| Colombia opened coffee export
registrations for April and May with the National Coffee
Growers' Federation setting no limit, Gilberto Arango,
president of the private exporters' association, said.
He told Reuters the decision not to put any limit responded
to "new factors" which have emerged from recent... | Other |
USDA REPORTS 10.572 MLN ACRES IN CONSERVATION
| The U.S. Agriculture Department has
accepted 10,572,402 more acres of highly erodable cropland into
the Conservation Reserve Program, USDA announced.
In the latest signup, farmers on 101,020 farms submitted
bids on a total of 11,254,837 acres.
The accepted bids for annual rental payments ranged up t... | Financial Reports |
U.S. MEAT GROUP TO FILE TRADE COMPLAINTS
| The American Meat Institute, AME,
said it intended to ask the U.S. government to retaliate
against a European Community meat inspection requirement.
AME President C. Manly Molpus also said the industry would
file a petition challenging Korea's ban of U.S. meat products.
Molpus told a Senate Agricult... | Financial Reports |
TRADERS DETAIL FRENCH CEREAL EXPORT REQUESTS
| French operators last Friday requested
licences to export 10,500 tonnes of free market maize, 11,950
tonnes of free market barley and 13,000 of soft wheat flour to
non-EC countries, at prefixed daily (droit commun) rebates,
French trade sources said.
The latest requests for the maize were for export to
... | Financial Reports |
MET-PRO CORP <MPR> TO PAY REGULAR DIVIDEND
| Qtrly 15 cts vs 15 cts prior
Pay May Eight
Record April 24
| Financial Reports |
AILEEN INC <AEE> 1SR QTR JAN 31 LOSS
| Shr loss 30 cts vs loss 20 cts
Net loss 1,553,000 vs loss 1,031,000
Revs 10.0 mln vs 8,696,000
| Commodities and Trade |
WOLVERINE WORLD WIDE INC <WWW> 4TH QTR LOSS
| Shr loss six cts vs profit 55 cts
Net loss 414,000 vs profit 3,936,000
Sales 109.4 mln vs 126.8 mln
Year
Shr loss 1.75 dlrs vs profit 55 cts
Net loss 12,589,000 vs profit 3,965,000
Sales 341.7 mln vs 389.5 mln
NOTE: Year results include 14.0 mln dlr restructuring
charge in ... | Financial Reports |
U.S. EXPORTERS REPORT 122,000 TONNES CORN SOLD TO MEXICO FOR 1986/87
|
U.S. EXPORTERS REPORT 122,000 TONNES CORN SOLD TO MEXICO FOR 1986/87
| Corporate News |
HURCO COMPANIES INC <HURC> FIRST QTR NET
| Shr profit three cts vs loss 18 cts
Net profit 124,000 vs loss 370,000
Rev 11.3 mln vs 11.7 mln
Avg shares 3,673,000 vs 2,368,000
| Industrial and Sector News |
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... | Other |
MAXTOR <MXTR> AGREES TO ACQUIRE U.S. DESIGN
| Maxtor Corp and U.S. Design
Corp <USDC>, said they reached definitive agreement covering
the acquisition of U.S. Design by Maxtor.
They said the arrangement, which is subject to a number of
conditions including U.S. Design shareholder approval, calls
for Maxtor to issue 12 mln dlrs worth of its own c... | Corporate News |
SHARED MEDICAL SYSTEMS CORP <SMED> SETS PAYOUT
| Qtly div 18 cts vs 18 cts prior
Pay April 15
Record March 31
| Corporate News |
WEIGH-TRONIX INC <WGHT> 4TH QTR NET
| Shr 18 cts vs 16 cts
Net 348,298 vs 308,927
Sales 4,166,750 vs 3,740,970
Year
Shr 72 cts vs 52 cts
Net 1,409,867 vs 1,020,096
Sales 16.5 mln vs 15.0 mln
Avg shrs 1,974,529 vs 1,956,214
| Corporate News |
U.S. MEAT GROUP TO FILE TRADE COMPLAINTS
| The American Meat Institute, AME,
said it intended to ask the U.S. government to retaliate
against a European Community meat inspection requirement.
AME President C. Manly Molpus also said the industry would
file a petition challenging Korea's ban of U.S. meat products.
Molpus told a Senate Agricult... | Corporate News |
CBT TRADERS SAY U.S. CONSERVATION SIGNUP NEUTRAL
| The 11,254,837 acres of highly erodable
farmland submitted to the U.S. Department of Agriculture for
the conservation reserve program was within trade guesses of
10-12 mln and should have an overall neutral impact on grain
and soybean prices Monday, grain traders said.
Farmers enrolled 1,894,764 acres o... | Corporate News |
MONARCH AVALON INC <MAHI> 3RD QTR JAN 31 LOSS
| Shr loss 11 cts vs profit four cts
Net loss 199,000 vs profit 81,000
Rev 1.9 mln vs 2.5 mln
Nine months
Shr loss 14 cts vs profit 15 cts
Net loss 261,000 vs profit 273,000
Rev 6.4 mln vs 7.6 mln
NOTE: Per share information adjusted for three-for-two
stock split on January 3... | Corporate News |
U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY
| Prices of wholesale finished energy
goods in the U.S. rose 4.0 pct in February after a 9.8 pct rise
in January, the Labor Department said.
The Producer Price Index for finished energy goods fell by
20.9 pct in the past 12 months.
Heating oil prices rose 3.0 pct in February after a 18.0
pct rise in... | Financial Reports |
CARBIDE <UK> LOOKS TO ACQUISITIONS FOR GROWTH
| Union Carbide Corp is looking to
acquisitions and joint ventures to aid its chemicals and
plastics growth, according the H.W. Lichtenberger, president of
Chemicals and Plastics.
Describing this as a major departure in the company's
approach to commercial development, he told the annual new
business fo... | Market and Economy |
U.S. COTTON CERTIFICATE EXPIRATION DATE EXTENDED
| Expiration dates on upland cotton
certificates issued under the 1986 upland cotton program are
being extended, the Agriculture Department announced.
The certificates are being extended because of a shortage
of Commodity Credit Corporation inventory available for
exchange with certificates, USDA undersec... | Other |
BNL ANNOUNCES NET 1986 PROFITS IN BANK SECTOR
| State-owned <Banca Nazionale del Lavoro
BNL> said 1986 profits for its banking activities equalled 155
billion lire against 146 billion lire in 1985.
Consolidated 1986 results for BNL, which also has interests
in tourism, public works, industrial credit and other sectors,
are expected to be announced... | Financial Reports |
APPLIED DNA SYSTEMS INC <ADNA> 4TH QTR LOSS
| Shr loss one ct vs nil
Net loss 148,007 vs loss 58,863
Revs 198,919 vs 133,071
Avg shrs 7,476,433 vs 6,633,989
Year
Shr loss three cts vs loss six cts
Net loss 230,949 vs 424,719
Revs 666,626 vs 509,971
NOTE: Amounts include losses of a 50 pct owned scientific
develop... | Financial Reports |
OILMAN HAS 8.7 PCT OF QED EXPLORATION <QEDX>
| Kansas oilman Nicholas Powell told
the Securities and Exchange Commission he has acquired 195,000
shares of QED Exploration Inc, or 8.7 pct of the total
outstanding common stock.
Powell, who heads Prairie Resources Corp and Mack C. Colt
Inc, both Kansas oil and gas exploration companies, said he
bough... | Corporate News |
JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
|
JOHN LABATT LTD 3RD QTR SHR DILUTED 32 CTS VS 30 CTS
| Financial Reports |
LIFESTYLE RESTAURANTS INC <LIF> 1ST QTR JAN 24
| Shr loss 31 cts vs loss eight cts
Net loss 1,780,000 vs loss 449,000
Revs 13.9 mln vs 17.8 mln
NOTE: Current 1st qtr loss included a gain of 870,000 dlrs
and 70,000 dlrs from the sale of restaurant leases.
| Market and Economy |
CORRECTED - BANKAMERICA NEGOTIATING SALE OF UNITS
| Bank of America NT and SA's
<BAC.N> West German branch said it is negotiating the sale of
Bankhaus Centrale Credit AG, a small local West German bank it
acquired in 1965, and of its West German Visa credit card
operation.
Michael Seibel, Bank of America vice-president and regional
manager, said the... | Corporate News |
SIERRA HEALTH SERVICES INC <SIE> 4TH QTR LOSS
| Shr loss 52 cts vs profit six cts
Net loss 2,943,000 vs profit 334,000
Revs 33.5 mln vs 18.5 mln
Year
Shr loss 1.57 dlrs vs profit 16 cts
Net loss 8,781,000 vs profit 792,000
Revs 116.0 mln vs 56.5 mln
| Corporate News |
FIRECOM INC <FRCM> 3RD QTR JAN 31 LOSS
| Shr loss two cts vs profit two cts
Net loss 104,874 vs profit 90,470
Sales 3,154,673 vs 1,666,313
Nine mths
Shr loss one cent vs profit four cts
Net loss 39,169 vs profit 159,784
Sales 8,250,003 vs 4,665,553
| Commodities and Trade |
BRAZIL INDUSTRIAL PRODUCTION SLOWED IN JANUARY
| Industrial output in January was
6.09 pct above the same 1986 month after rising 6.71 pct in
December, Brazilian Geography and Statistics Institute figures
show.
The result is in line with the declining trend in the
growth rate since October, the Institute said.
In the 12 months to end-January ind... | Financial Reports |
WHEELING AND LAKE ERIE RAILWAY CO <WLE> DIV
| Qtly div 1.4375 dlrs vs 1.4375 dlrs
Pay May 1
Record April 3
Note: Dividend paid to all shareholders other than Norfolk
Southern Corp's <NSC> Norfolk and Western Railway Co.
| Financial Reports |
GENERAL CINEMA CORP <GCN> CLASS B DIVIDEND
| Qtly div class B 13.5 cts vs 13.5 cts
Pay April 30
Record April 9
| Financial Reports |
<JOHN LABATT LTD> 3RD QTR JAN 31 NET
| Shr 36 cts vs 31 cts
Shr diluted 32 cts vs 30 cts
Net 26,158,000 vs 21,798,000
Revs 1.05 billion vs 844.2 mln
Nine mths
Shr 1.28 dlrs vs 1.22 dlrs
Shr diluted 1.15 dlrs vs 1.08 dlrs
Net 92,779,000 vs 77,971,000
Revs 3.16 billion vs 2.70 billion
Avg shrs 72.4 mln v... | Corporate News |
SUDAN RECEIVES 50 MLN DLRS IN PL480 AUTHORITY
| Authorizations to purchase 50 mln
dlrs worth of U.S. wheat and wheat flour under Public Law 480
were issued to Sudan today, the Agriculture Department said.
The authorization provides for 34 mln dlrs -- about 309,000
tonnes -- worth of wheat, grade U.S. number two or better
(except durum which shall be ... | Corporate News |
TRADE BILL TO CHANGE AGRICULTURE TRADE LAWS
| The House Ways and Means Committee
is moving toward passage of a trade bill that sponsors said was
intended to help open foreign markets to U.S. agricultural
goods and to modify some U.S. agricultural trade laws.
The trade subcommittee voted to require President Reagan to
take into account the potential... | Financial Reports |
AMERICAN CITY <AMBJ> SETS INITIAL PREFERRED DIV
| American City Business
Journals Inc said it declared an initial dividend of 15.4 cts a
share on its recent issue of 1.6 mln shares of convertible
exchangeable preferred stock.
The dividend is payable March 31 to shareholders of record
March 20, American City said, adding that future dividends will
be ... | Corporate News |
U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
|
U.S. BUSINESS LOANS RISE 377 MLN DLRS IN MARCH 4 WEEK, FED SAYS
| Financial Reports |
<FRANKLIN GOLD FUND> CUTS DIVIDEND
| Semi div 13 cts vs 18 cts prior
Pay March 13
Record March Two
| Financial Reports |
U.S. BUSINESS LOANS RISE 377 MLN DLRS
| Business loans on the books of major
U.S. banks, excluding acceptances, rose 377 mln dlrs to 279.085
billion dlrs in the week ended March 4, the Federal Reserve
Board said.
The Fed said that business loans including acceptances
increased 484 mln dlrs to 281.546 billion dlrs.
| Corporate News |
U.S. PRODUCER ENERGY PRICES RISE IN FEBRUARY
| Prices of wholesale finished energy
goods in the United States were up in February, rising by 4.0
pct after a 9.8 pct rise in January, the Labor Department said.
The Producer Price Index for finished energy goods has
fallen 20.9 pct in the past 12 months.
Heating oil prices rose 3.0 pct in February ... | Commodities and Trade |
WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
|
WEYERHAEUSER SAID IT SEES SIGNIFICANT INCREASES IN EARNINGS IN 1987
| Commodities and Trade |
VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
|
VARITY EXPECTS TO REPORT 4TH QTR AND FULL-YEAR 1986 LOSS
| Financial Reports |
AFTER G-6, ROUND ONE GOES TO CENTRAL BANKS
| Central banks have easily beaten back
the foreign exchange market's first test of the industrialized
nations' recent pact to stabilize currencies, analysts said.
In active trading this week, the market pushed the dollar,
sterling, the Canadian dollar and Australian dollar higher. But
operators got their... | Financial Reports |
WEYERHAEUSER <WY> SEES HIGHER 1987 EARNINGS
| Weyerhaeuser Co said it should
have significant increases in earnings in 1987 and 1988 should
be another very good year.
Weyerhaeuser reported 1986 earnings of 276.7 mln dlrs, or
1.91 dlrs per share, on 5.65 billion dlrs in revenues.
Anticipated improved cash flows will allow the company to
invest... | Other |
LDBRINKMAN CORP <LDBC> 2ND QTR JAN 31 LOSS
| Shr loss seven cts vs profit 12 cts
Net loss 662,000 vs profit 1,520,000
Revs 59.1 mln vs 63.1 mln
Six mths
Shr profit 23 cts vs profit 20 cts
Net profit 2,802,000 vs profit 2,543,000
Revs 138.5 mln vs 126.7 mln
| Industrial and Sector News |
ACS ENTERPRISES INC <ACSE> 4TH QTR LOSS
| Shr loss two cts vs profit three cts
Net loss 80,333 vs profit 67,967
Revs 1,162,678 vs 1,009,731
Avg shrs 3,317,104 vs 2,494.049
year
Shr loss 21 cts vs profit four cts
Net loss 679,520 vs profit 96,724
Revs 4,191,540 vs 4,702,999
Avg shrs 3,242,641 vs 2,525,677
... | Corporate News |
TONY LAMA <TLAM> TO BUY <COULSON OF TEXAS INC>
| Tony Lama Co Inc said it signed
a letter of intent to buy Coulson of Texas Inc, a maker of
heels and leather components.
The company said exact terms of the deal have not been
determined but that it does not expect the acquisition to have
a material effect on its financial position.
In addition to... | Financial Reports |
TO-FITNESS INC <TFIT> YEAR DEC 31 LOSS
| Shr loss 89 cts vs loss 21 cts
Net loss 3,030,548 vs loss 548,442
Revs 1,519,360 vs 1,081,915
Avg shrs 3,399,993 vs 2,725,425
| Financial Reports |
<FRANKLIN CALIFORNIA TAX-FREE INCOME FUND>PAYOUT
| Mthly div 4.5 cts vs 4.5 cts prior
Pay March 13
Record March Two
| Commodities and Trade |
TRIBUNE <TRB> COMPLETES CABLE SYSTEM SALE
| Tribune Co said it completed the sale
of the Danville, Va., cable television system to Cablevision
Industries Ltd Partnership, affiliated with Cablevision
Industries Inc of Liberty, N.Y.
It said the Danville system was one of two systems acquired
by Tribune on September 30, 1986 as part of its purchase ... | Financial Reports |
GTE <GTE> UNIT TO SELL INFORTEXT PRODUCTS
| Infortext Systems Inc said it
finalized a two-year agreement under which GTE Services Corp
and eight affiliates will sell Infortext's line of personal
computer-based telephone call accounting systems.
GTE Services, a unit of GTE Corp, evaluated 23 competitive
call accounting systems, the company said.
... | Financial Reports |
SHEPPARD RESOURCES TO MERGE WITH CANCER CLINIC
| Sheppard Resources Inc
said it signed a letter of intent to merge with Breast Centers
Inc, an owner, operator and franchiser of clinics that provide
services for the early detection of breast cancer.
Terms were not disclosed.
After the merger, Breast Centers shareholders would become
the majority ... | Corporate News |
FIRSTIER INC <FRST> SETS REGULAR QUARTERLY DIV
| Qtly div 27.5 cts vs 27.5 cts prior
Pay March 31
Record March 25
| Corporate News |
ZONDERVAN CORP <ZOND> 4TH QTR NET
| Shr profit nil vs profit 38 cts
Net profit 19,000 vs profit 1,239,000
Revs 31.7 mln vs 31.2 mln
12 mths
Shr profit 52 cts vs loss three cts
Net profit 2,173,000 vs loss 119,000
Revs 103.5 mln vs 98.6 mln
| Financial Reports |
UNIBANCORP INC <UBCP> REGULAR DIVIDEND SET
| Qtly div 20 cts vs 20 cts previously
Pay April 15
Record March 23
| Corporate News |
SECOND NATIONAL BUILDING <SNBL> RAISES DIVIDEND
| Qtrly seven cts vs six cts
Pay April 20
Record March 31
NOTE: full name of company is Second National Building and
Loan.
| Financial Reports |
BROADVIEW FINANCIAL CORP <BDVF> 4TH QTR LOSS
| Shr loss 5.67 dlrs vs loss 5.17 dlrs
Net loss 17 mln vs loss 15.4 mln
Year
Shr loss 12.42 dlrs vs loss 9.60 dlrs
Net loss 37.0 mln vs loss 28.5 mln
NOTE: 1986 4th qtr and year net includes 11.9 mln dlr and
43.8 mln dlr provision, respectively, for possible land and
real estate losses... | Financial Reports |
<FRANKLIN AGE HIGH INCOME FUND> SETS PAYOUT
| Mthly div 3.6 cts vs 3.6 cts prior
Pay March 13
Record March Two
| Financial Reports |
ENZO BIOCHEM INC <ENZO> 2ND QTR JAN 31 NET
| Shr one ct vs three cts
Net 123,000 vs 371,000
Revs 2,944,000 vs 2,138,000
Avg shrs 11.4 mln vs 11.6 mln
Six mths
Shr five cts vs six cts
Net 531,000 vs 725,000
Revs 6,200,000 vs 4,128,000
Avg shrs 11.4 mln vs 11.6 mln
| Financial Reports |
TENDER FOR ALLEGHENY INT'L <AG> UNDERWAY
| First Boston Inc's <FBC> Sunter
Acquisition Corp said it began its previously announced 24.60
dlr per share tender offer for Allegheny International Inc's
common stock.
The company is also offering 20 dlrs for each 2.19 dlr
cumulative preferred share, and 87.50 dlrs for each share of
11.25 dlr conv... | Market and Economy |
VARITY <VAT> EXPECTS 4TH QTR, FULL-YEAR LOSS
| Varity Corp, formerly Massey-Ferguson
Ltd, said it expected to report on March 25 a loss for the
fourth quarter and full-year ended January 31.
A company spokesman said specific figures were unavailable.
Varity posted a net profit of 3.9 mln U.S. dlrs for the
previous fiscal year ended January 31, 1... | Financial Reports |
CABLEVISION TO BUY VALLEY CABLE FOR 100 MLN DLR
| <Cablevision Industries Corp>
said its Cablevision Industries of California Inc subsidiary
has entered into an agreement to buy substantially all of the
assets of Valley Cable TV for about 100 mln dlrs.
The company said it will buy the system from a California
limited partnership, which is wholly-own... | Financial Reports |
<ANTHES INDUSTRIES INC> 4TH QTR NET
| Oper shr 16 cts vs nine cts
Oper net 2,281,000 vs 1,319,000
Revs not given
Year
Oper shr 13 cts vs six cts
Oper net 2,635,000 vs 1,775,000
Revs 31.9 mln vs 31.7 mln
Note: 1986 qtr excludes extraordinary loss of 1,155,000
dlrs or nine cts share, versus gain of 607,000 dlrs o... | Financial Reports |
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