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EC COMMISSION GIVEN PLAN TO SAVE STEEL INDUSTRY
| European Community steelmakers
presented the Executive Commission with a controversial plan
for the future of the industry which diplomats say it may be
forced reluctantly to accept.
Under the plan steel output would remain subject to
restrictive quotas and imports would be firmly controlled for
years... | Commodities and Trade |
PEARSON CONCENTRATES ON FOUR SECTORS
| Pearson Plc <PSON.L> said the recent
sale of its Fairey Engineering companies, in a 51.5 mln stg
management buy-out, was part of its policy of concentrating on
four key sectors.
In a statement with its 1986 results, the company said its
information and entertainments sector's Financial Times, FT,
n... | Industrial and Sector News |
German February central bank money grows annual 7.5 pct (January, same) - prov. Bundesbank data
|
German February central bank money grows annual 7.5 pct (January, same) - prov. Bundesbank data
| Corporate News |
GERMAN FEBRUARY CENTRAL BANK MONEY GROWTH STEADY
| West German central bank money stock
was growing at an annualized 7.5 pct in February, unchanged
from the 7.5 pct reported in January, provisional data from the
Bundesbank showed.
The figure was thus outside the three to six pct range set
by the Bundesbank for 1987.
In absolute terms, the measure ... | Financial Reports |
UK FEB RETAIL SALES RISE PROVISIONAL 2.2 PCT (JAN FALL 2.2 PCT) - OFFICIAL
|
UK FEB RETAIL SALES RISE PROVISIONAL 2.2 PCT (JAN FALL 2.2 PCT) - OFFICIAL
| Financial Reports |
GERMAN BANK SEES HIGHER GOLD PRICE FOR 1987
| Gold is expected to continue its rise
this year due to renewed inflationary pressures, especially in
the U.S., Hamburg-based Vereins- und Westbank AG said.
It said in a statement the stabilisation of crude oil
prices and the Organisation of Petroleum Exporting Countries'
efforts to achieve further firmi... | Corporate News |
U.K. RETAIL SALES RISE 2.2 PCT IN FEBRUARY
| The volume of U.K. Retail sales rose a
provisional, seasonally adjusted 2.2 pct in February after
falling a final 2.2 pct in January, figures released by the
Department of Trade and Industry show.
The February sales index, base 1980, was put at a
preliminary 125.0 after a final 122.3 in January.
I... | Financial Reports |
TRANSPORT DEVELOPMENT GROUP PLC <TDGL.L> 1986 YEAR
| Shr 17.15p vs 12.37p
Final dividend 5.5p, making 7.5p vs 6.2p
Pre-tax profit 39.4 mln stg vs 29.7 mln.
Turnover 543.2 mln stg vs 481.5 mln
Operating profit 48.2 mln stg vs 38.2 mln
Net interest 8.9 mln vs 8.6 mln
Tax 14.3 mln vs 11.2 mln
Profit after tax 25.1 mln vs 18.4 mln
... | Corporate News |
COCOA LATEST FOCUS FOR COMMODITY PACT NEGOTIATORS
| The credibility of government efforts to
stabilise fluctuating commodity prices will again be put to the
test over the next two weeks as countries try to agree on how a
buffer stock should operate in the cocoa market, government
delegates and trade experts said.
Only two weeks ago, world coffee prices s... | Financial Reports |
YUGOSLAV FEBRUARY INFLATION RISES 7.2 PCT
| Yugoslav retail prices in February
rose 7.2 pct from January to stand 91.6 pct higher than in
February 1986, the Federal Statistics Office said.
In January retail prices rose 6.6 pct from December to
stand 90.4 pct higher than in January 1986.
The cost of living, an index that includes services and
... | Corporate News |
MAI PLC <MLLL.L> SIX MONTHS TO DECEMBER
| Shr 25.7p vs 21.5p
Div 6p vs 4p
Pretax profit 24.13 mln stg vs 16.40 mln
Net after tax 15.08 mln vs 10.52
Extraordinary credit 8.71 mln stg vs nil
Turnover 140.8 mln vs 96.55
Note - The extraordinary item comprises profit less losses
on the sale of certain subsidiaries less relat... | Corporate News |
MADAGASCAR RICE CROP ESTIMATED HIGHER IN 1987
| Madagascar's vital rice crop is
estimated at 2,286,000 tonnes of paddy this year, up from
2,138,000 in 1986, the Ministry of Agriculture said.
The Trade Ministry said rice imports quadrupled in local
currency value during the first nine months of last year as the
government established a buffer stock of... | Financial Reports |
ECUADOR SAYS IT WILL PAY DEBT WHEN IT CAN
| President Leon Febres Cordero said
Ecuador would honour its debt when it had the capacity to make
payments, but said foreign banks had calculated oil would have
to be 25 dlrs a barrel for Ecuador to meet its commitments.
Ecuador said on Friday that last week's earthquake was
forcing it to reaffirm an ea... | Financial Reports |
U.K. MONEY MARKET DEFICIT FORECAST REVISED UPWARDS
| The Bank of England said it had revised
its estimate of the shortage in the money market today up to
1.15 billion stg before taking account of its early operations.
Earlier, the bank forecast the deficit at 1.05 billion stg
and gave 90 mln stg assistance at an early round of bill
offers.
| Financial Reports |
PARIBAS SEEKING TO ADJUST ECUADOR OIL FACILITY
| Banque Paribas, which arranged a 220
mln dlr loan for Ecuador last year to pre-finance oil exports,
wants to adjust the terms of the facility to help the country
recover from a devastating earthquake, bankers said.
But the French bank's plan, which would effectively
postpone repayment of about 30 mln dl... | Corporate News |
BANK OF JAPAN SATISFIED WITH YEN AT CURRENT RANGE
| The Bank of Japan is satisfied with the
yen around its current range, a senior central bank official
told reporters.
He said the pledge by major industrial nations in Paris
last month to cooperate to hold exchange rates around current
ranges applied in both directions, a dollar fall or a dollar
rise.
... | Financial Reports |
BANK OF CHINA TAKES STAKE IN BAII HOLDINGS
| Bank of China has taken a stake in
Luxembourg-based finance company BAII Holdings SA, a spokesman
for BAII said.
The stake was between three and five pct but no further
details of the deal, which was announced simultaneously in
Paris, London and Hong Kong, were immediately available.
BAII, which i... | Market and Economy |
SAUDI OIL MINISTER SEES NO NEED TO ALTER PACT
| Saudi Arabian Oil Minister Hisham Nazer
said OPEC's December agreement to stabilize oil prices at 18
dlrs a barrel was being implemented satisfactorily and there
was no immediate need to change it.
Nazer, in an interview with Reuters and the television news
agency Visnews, said Saudi Arabia was producin... | Market and Economy |
TURKISH TRADE DEFICIT WIDENS IN 1986
| Turkey's trade deficit rose to 3.65
billion dlrs in 1986 from 3.39 billion in 1985 following
increased imports from Western countries, figures from the
State Statistics Institute show.
Exports were down 6.3 pct at 7.45 billion dlrs, compared
with 7.95 billion in 1985, while imports were down 2.1 pct at
... | Financial Reports |
ALUSUISSE SHARES FALL AFTER CAPITAL CUT NEWS
| Bearer shares of Schweizerische
Aluminium AG <ALUZ.Z> (Alusuisse) fell sharply as trading
resumed after a one-day suspension on Friday, when the firm
disclosed plans for a capital cut.
The bearers, held mainly by foreign investors, dropped 30
Swiss francs to 460. But volume was not particularly heavy... | Industrial and Sector News |
U.K. MONEY MARKET GIVEN FURTHER 30 MLN STG HELP
| The Bank of England said it provided the
money market with a further 30 mln stg assistance.
This brings the Bank's total help so far today to 120 mln
stg and compares with its upward revised estimate that the
system would face a shortage of some 1.15 billon stg.
The central bank bought bills for res... | Corporate News |
EGYPT, SOVIETS TO RENEGOTIATE ARMS DEBT TERMS
| Egypt and the Soviet Union are expected
to sign an agreement in Moscow next week settling Cairo's three
billion dlr military debt, Egyptian officials said.
One official, who asked to remain anonymous, told Reuters a
draft agreement would reduce to zero from two pct future
interest payable on the 10 year... | Market and Economy |
PERU BEGINS FOREIGN EXCHANGE RATIONING
| Peru will put into effect today a foreign
exchange rationing system for imports designed to stop a slide
in the country's international reserves, a government decree in
the Official Gazette said.
Under the system, importers will be required to present a
bill from the foreign seller of goods and apply fo... | Financial Reports |
DURO-TEST CORP <DUR> 2ND QTR JAN 31 NET
| Shr 10 cts vs 14 cts
Net 531,896 vs 727,781
Revs 16.0 mln 16.8 mln
Six mths
Shr 30 cts vs 39 cts
Net 1,532,431 vs 2,000,732
Revs 32.7 mln vs 34.5 mln
| Financial Reports |
TAIWAN SAYS U.S. WANTS TAIWAN DOLLAR TO APPRECIATE
| The United States wants Taiwan's
currency to appreciate faster to reduce Taiwan's trade surplus
with the U.S., A senior trade official said.
Board of Foreign Trade director Vincent Siew told reporters
on Saturday U.S. Officials told him in Washington last week
that unless Taiwan allowed its dollar to ri... | Corporate News |
SAUDIS DROP CONDITION FOR OIL SALE TO BRAZIL
| Saudi Arabia has dropped its
condition that Brazil secure international bank guarantees
before Saudia Arabia would ship it oil, state-oil company
Petrobras said in a statement.
Petrobras said the Saudis will accept Banco do Brasil
credit guarantees.
Petrobras cancelled a 40 mln dlr crude oil purch... | Commodities and Trade |
BSI RAISING 50 MLN SWISS FRANCS VIA RIGHTS ISSUE
| Banca della Svizzera Italiana <BISZ.Z>
said it planned a one-for-12 rights issue at 300 pct of nominal
value to raise about 50 mln francs new capital.
The rights issue would have a theoretical value to
shareholders of 140 Swiss francs per bearer share and 45 per
registered share.
BSI was also s... | Financial Reports |
PEPSICO OFFERS TO ACQUIRE CALNY INC FOR 11.50 DLRS A SHARE
|
PEPSICO OFFERS TO ACQUIRE CALNY INC FOR 11.50 DLRS A SHARE
| Corporate News |
U.K. AND GERMANY LEAD ATTACK ON EC FARM REFORMS
| Britain and West Germany told their
European Community partners they would strongly oppose major
elements of proposals to rid the EC of its farm surpluses.
At a meeting of EC foreign ministers, Britain called for a
full debate on a proposed tax on edible oils and fats that has
already angered EC consume... | Financial Reports |
HARPER AND ROW <HPR> TO MULL OPTIONS AFTER BIDS
| Harper and Row Publishers Inc said its
board of directors decided to take no action on two takeover
bids that the company has received. Instead, it appointed a
committee of independent directors to study strategic
alternatives for the 170-year-old firm.
The alternatives include continuation of the compa... | Corporate News |
FAILING WASHINGTON STATE S/L IS ACQUIRED
| The Federal Home Loan Bank Board
(FHLBB) announced the acquisition of Home Savings and Loan
Association in Seattle, Washington, by InterWest Savings Bank
of Oak Harbour, Washington.
The FHLBB said Home Savings was the 12th troubled savings
institution requiring federal action this year.
It said Ho... | Financial Reports |
BALDRIGE WARNS OF WORLD TRADE WAR DANGER
| U.S. Commerce Secretary Malcolm
Baldrige predicted Congress will pass a reasonable trade bill
this year and said tough protectionist legislation could prompt
a trade war.
"The mood of the Congress right now is as tough on trade as
I've ever seen it in six years in Washington," Baldrige said in
a weeke... | Financial Reports |
<FRANKLIN UTILITIES FUND> SETS PAYOUT
| Qtly div 14 cts vs 14 cts prior
Pay March 13
Record March Two
| Market and Economy |
LEADING INDUSTRIAL NATIONS TO MEET IN APRIL
| Leading industrial nations will meet
again next month to review their accord on currency stability,
but U.S. Officials said financial markets are convinced for now
the countries will live up to commitments to speed up economic
growth.
The narrow currency movements of recent weeks strongly
suggests the... | Financial Reports |
CALNY <CLNY> GETS BID FROM PEPSICO <PEP>
| Calny Inc said it has
received an offer to be acquired by PepsiCo Inc, which already
owns 9.9 pct of Calny stock, for 11.50 dlrs per share, subject
to approval by PepsiCo and Calny boards and Calny shareholders.
The company said its board intendsd to schedule a meeting
in the near future to review the p... | Financial Reports |
INDONESIA PLANS TO BUILD PALM OIL TERMINAL
| Indonesia will build a crude palm oil
terminal at a new port on Batam island, south of Singapore,
Research and Technology Minister Yusuf Habibie said.
The terminal will be able to handle 2.1 mln tonnes of crude
palm oil from new plantations in northern Sumatra and western
Kalimantan (Borneo), he said.
... | Corporate News |
WARBURG PINCUS STARTS SYMBION <SYMB> BID
| <Warburg, Pincus Capital Corp> said it
has started a tender offer for up to 2,500,000 common shares of
Symbion Inc at 3.50 dlrs each.
In a newspaper advertisement, The firm said the opffer is
not conditioned on receipt of any minimum number of shares but
is conditioned on holders of nor more than 400... | Financial Reports |
ZIM ENERGY <ZIMR> TO SELL SHARES PRIVATELY
| ZIM Energy Corp said it has entered
into an agreement for a group consisting of <Strategy and
Development Inc>, <Norsk Vikingolje A/S> of Oslo and MIS Gas
Corp -- which already owns one third of ZIM -- to buy 15 to 20
mln new common shares at 20 cts each in association with <Polo
Energy Corp> and &... | Corporate News |
BLUEFIELD SUPPLY <BFLD> IN LIQUIDATING PAYOUT
| Bluefield Supply Co said its
board declared its second liquidating dividend of 1.71 dlrs per
share, payable March 16 to shareholders of record March 13.
The company paid an initial liquidating dividend of 15.75
dlrs per share on January Eight.
| Commodities and Trade |
BERGEN BRUNSWIG CORP <BBCA> 2ND QTR FEB 28 NET
| Shr 33 cts vs 48 cts
Shr diluted 33 cts vs 44 cts
Net 4,435,000 vs 6,410,000
Revs 839.3 mln vs 751.8 mln
1st half
Shr 55 cts vs 94 cts
Shr diluted 55 cts vs 88 cts
Net 7,374,000 vs 12.6 mln
Revs 1.68 billion vs 1.51 billion
| Financial Reports |
DIXONS SELLS 8.3 MLN WOOLWORTH SHARES
| Dixons Group Plc <DXNS.L> has sold 8.3
mln shares in Woolworth Holdings Plc <WLTH.L> through Salomon
Brothers U.K. Equity Ltd, a statement from Salomon said.
The shares were placed with about 45 to 50 institutions in
Europe and the Far East. Dixons retains one mln Woolworth
shares, a Dixons spokes... | Financial Reports |
EMHART CORP <EMH> QTLY DIVIDEND
| Qtly div 35 cts vs 35 cts prior
Payable March 31
Record March nine
| Financial Reports |
GELCO CORP <GEL> 2ND QTR JAN 31 NET
| Shr 67 cts vs 23 cts
Net 5,220,000 vs 3,143,000
Revs 236.1 mln vs 256.2 mln
Avg shrs 7.8 mln vs 13.7 mln
Six Mths
Shr 85 cts vs 59 cs
Net 8,919,000 vs 8,158,000
Revs 483.8 mln vs 515.5 mln
Avg shrs 10.4 mln vs 13.7 mln
NOTE: Fiscal 1987 second quarter and first ha... | Corporate News |
JOULE' INC <JOUL> SETS STOCK SPLIT
| Joule' Inc said its board declared
a three-for-two stock split, payable April 30, record March 31.
| Financial Reports |
<WHIPPANY PAPER BOARD CO INC> MERGER APPROVED
| Whippany Paper Board Co Inc said
shareholders at a special meeting approved a merger into NPN
Inc for 2.50 dlrs per share.
NPN acquired control of Whippany in a recent tender offer.
| Financial Reports |
NORTHERN AIR FREIGHT <NAFI> GETS, REJECTS, BID
| Privately-held <Pilot Air Freight>
said it met with officials of Northern Air Freight Inc to try
to negotiate a friendly acquisition of Northern, but Northern's
management had no interest in the proposal.
Northern has annual revenues of about 60 mln dlrs and is
based in Seattle.
| Financial Reports |
AMERICAN BUILDING MAINTENANCE <ABM> 1ST QTR NET
| Shr 35 cts vs 44 cts
Net 1,311,000 vs 1,619,000
Revs 125.2 mln vs 117.2 mln
NOTE: American Building Maintenance Industries Inc.
| Corporate News |
RENOUF EXTENDS BENEQUITY HOLDINGS <BH> OFFER
| Renouf Corp International said it has
extended the expiration of its offer to pay 31 dlrs a unit to
buy all outstanding units of Benequity Holdings a California
Limited Partnership to March 24 from March 13.
As of March 13, Renouf said, about 3,847,375 units had been
tendered.
Renouf pointed out t... | Corporate News |
INTERNCHANGE FINANCIAL SERVICES <ISBJ> PAYOUT UP
| Qtly div 10 cts vs 8-1/3 cts prior
Pay April 21
Record March 20
NOTE: Interchange Financial Services Corp.
| Financial Reports |
NEW WORLD PICTURES LTD <NWP> 4TH QTR NET
| Shr 32 cts vs 21 cts
Net 4,717,000 vs 2,587,000
Revs 72.9 mln vs 37.9 mln
Avg shrs 14.7 mln vs 12.6 mln
Year
Oper shr 75 cts vs 41 cts
Oper net 10.7 mln vs 4,642,000
Revs 188.9 mln vs 106.6 mln
Avg shrs 14.2 mln vs 1.4 mln
NOTE: 1985 year net excludes 495,000 dlr ... | Corporate News |
LOWRANCE ELECTRONICS INC <LEIX> 2ND QTR JAN 31
| Shr profit 17 cts vs loss two cts
Net profit 520,000 vs loss 51,000
Sales 11.1 mln vs 6,897,000
1st half
Shr profit 34 cts vs profit 12 cts
Net profit 951,000 vs profit 320,000
Sales 20.6 mln vs 14.9 mln
| Commodities and Trade |
COMMTRON CORP <CMR> 2ND QTR FEB 28 NET
| Shr 16 cts vs 22 cts
Net 1,574,000 vs 1,725,000
Sales 104.2 mln vs 116.0 mln
Avg shrs 10.1 mln vs eight mln
1st half
Shr 37 cts vs 37 cts
Net 3,675,000 vs 2,925,000
Sales 244.5 mln vs 230.6 mln
Avg shrs 10.0 mln vs eight mln
| Other |
INDONESIA HAS IMPORTED PALM OIL, TRADERS SAY
| Indonesia has imported palm oil this
year and is likely to take more, trade sources said.
They were commenting on a weekend Jakarta report quoting a
Ministry of Trade spokesman as saying Indonesia had not issued
licences to import the commodity. He also said there was no
sign of a shortage of palm oil i... | Corporate News |
WHOLESALE CLUB INC <WHLS> 4TH QTR JAN 31 NET
| Shr profit two cts vs loss 16 cts
Net profit 558,000 vs loss 580,000
Sales 66.2 mln vs 29.5 mln
Avg shrs 4,476,000 vs 3,615,000
Year
Shr loss 61 cts vs loss 79 cts
Net loss 1,760,000 vs loss 2,180,000
Sales 158.4 mln vs 76.3 mln
Avg shrs 4,475,000 vs 2,751,000
| Financial Reports |
MSA REALTY CORP <SSS> 4TH QTR NET
| Shr profit four cts vs loss two cts
Net profit 247,970 vs loss 57,341
Revs 2,393,622 vs 2,627,612
Avg shrs 5,958,423 vs 2,440,100
Year
Shr profit 71 cts vs loss 35 cts
Net profit 3,213,310 vs loss 849,180
Revs 14,571,434 vs 9,099,767
Avg shrs 6,177,666 vs 2,440,083
... | Financial Reports |
ECONOMIC SPOTLIGHT -FRANCE AWAITS ECONOMIC LIFT
| A year after squeezing to power with a
narrow bare coalition majority, Gaullist Prime minister Jacques
Chirac has swept away a cobweb of controls and regulations
choking the French economy.
But France is still waiting for a promised industrial
recovery the government says will follow from its free marke... | Financial Reports |
KAPOK CORP <KPK> IN TECHNICAL DEFAULT
| Kapok Corp said it is in
techical default of its loans from Southeast Banking Corp <STB>
and Murray Steinfeld but is negotiating with the lenders.
It said neither has declared the loans due.
The company said it has agreed to sell the Peter Pan
Restaurant in Urbana, Md., for 1,100,000 dlrs, or one... | Financial Reports |
BECOR WESTERN GETS OFFER TO BE ACQUIRED BY NEW GROUP FOR 15.50 DLRS SHARE
|
BECOR WESTERN GETS OFFER TO BE ACQUIRED BY NEW GROUP FOR 15.50 DLRS SHARE
| Financial Reports |
EVEREST AND JENNINGS INTERNATIONAL <EJA> 4TH QTR
| Shr profit nine cts vs loss 58 cts
Net profit 738,000 vs loss 4,643,000
Sales 50.9 mln vs 43.8 mln
Year
Shr profit 1.50 dlrs vs loss 61 cts
Net profit 12.1 mln vs loss 4,875,000
Sales 195.3 mln vs 174.2 mln
NOTE: 1985 net both periods includes 4,952,000 dlr
provision for pl... | Industrial and Sector News |
GERMAN BANK SEES HIGHER GOLD PRICE FOR 1987
| Gold is expected to continue its rise
this year due to renewed inflationary pressures, especially in
the U.S., Hamburg-based Vereins- und Westbank AG said.
It said in a statement the stabilisation of crude oil
prices and the Organisation of Petroleum Exporting Countries'
efforts to achieve further firmi... | Financial Reports |
ENDOTRONICS SEES HEAVY LOSSES IN QTR FROM WITHDRAWAL OF JAPAN DISTRIBUTOR
|
ENDOTRONICS SEES HEAVY LOSSES IN QTR FROM WITHDRAWAL OF JAPAN DISTRIBUTOR
| Financial Reports |
ALPINE GROUP INC <AGI> 3RD QTR JAN 31 NET
| Shr profit seven cts vs loss five cts
Net profit 303,000 vs loss 205,000
Revs 16,945,000 vs 7,695,000
Nine mths
Shr profit 27 cts vs profit 19 cts
Net profit 1,161,000 vs profit 787,000
Revs 39.2 mln vs 22.8 mln
NOTE: Profits include gains of 130,000 dlrs, or three cts a
sh... | Commodities and Trade |
BSI SAYS EXPECTS ANOTHER GOOD YEAR IN 1987
| Banca della Svizzera Italiana <BISZ.Z>
said it expected business to be good again this year after
1986's 15.2 pct increase in net profit to 42 mln Swiss francs.
Chief Executive Giorgio Ghiringhelli told reporters he
expected almost all important sectors to expand well in 1987.
An important exception ... | Corporate News |
DIAMOND SHAMROCK SETS 27 PCT PRORATION FACTOR FOR TENDERED SHARES
|
DIAMOND SHAMROCK SETS 27 PCT PRORATION FACTOR FOR TENDERED SHARES
| Commodities and Trade |
NEWPORT CORP <NESP> 2ND QTR JAN 31 NET
| Shr 11 cts vs 13 cts
Net 1,037,690 vs 1,270,460
Sales 10.1 mln vs 9,215,836
Six Mths
Shr 25 cts vs 31 cts
Net 2,319,376 vs 2,930,507
Sales 21.2 mln vs 18.9 mln
| Financial Reports |
BRAZILIAN BANK WORKERS DECIDE ON NATIONAL STRIKE
| Brazilian bank workers voted
to launch a nationwide strike this month, compounding labour
unrest arising from the failure of the government's
anti-inflation plan.
At a rally in this city, about 100 km northwest of Sao
Paulo, about 5,000 bank workers voted to strike on March 24
unless their demand for ... | Financial Reports |
BECOR WESTERN <BCW> GETS OFFER TO BE ACQUIRED
| Becor Western Inc said <Investment
Limited Partnership> of Greenwich, conn., and Randolph W. Lenz
are offering to acquire Becor for 15.50 dlrs per share, subject
to Becor's receipt of at least 110 mln dlrs from the proposed
sale of its Western Gear Corp subsidiary.
Becor said it has also received exp... | Financial Reports |
CLARK EQUIPMENT <CKL> STAKE ACQUIRED
| Clark Equipment Co said it was
informed by Arthur M. Goldberg acting on behalf of a group of
investors that the group had accumulated 1,262,200 shares, or
about 6.7 pct of Clark's outstanding common stock.
It said Goldberg recently approached Clark to repurchase
the shares. However, negotiations for the... | Financial Reports |
HOG AND CATTLE SLAUGHTER GUESSTIMATES
| Chicago Mercantile Exchange floor
traders and commission house representatives are guesstimating
today's hog slaughter at about 295,000 to 302,000 head versus
293,000 week ago and 309,000 a year ago.
Cattle slaughter is guesstimated at about 123,000 to
126,000 head versus 123,000 week ago and 121,000 a ... | Financial Reports |
PATON REPORTS U.S. GREEN COFFEE ROASTINGS HIGHER
| U.S. roastings of green coffee in the
week ended March 7 were about 325,000 (60-kilo) bags, including
that used for soluble production, compared with 290,000 bags in
the corresponding week of last year and about 315,000 bags in
the week ended February 28, George Gordon Paton and Co Inc
reported.
It sa... | Financial Reports |
AVIA STOCKHOLDERS SEEK TO BLOCK SALE TO REEBOK
| <Avia Group International Inc>
stockholders filed a class a action suit in Multnomah County
Circuit court seeking to halt the sale of Avia to Reebok
International Ltd <RBOK>.
Avia stockholders also seek to receive compensation from
the defendants, who include most of Avia directors, according
t... | Other |
16-MAR-1987
| 16-MAR-1987
| Financial Reports |
ZAMBIA, IMF TALKS STALL ON FOOD SUBSIDIES
| Zambia's talks with the World Bank and
International Monetary Fund (IMF) on a financial rescue package
have run into difficulties on the issue of food subsidies, an
official newspaper said.
The Times of Zambia, which is run by the ruling United
National Independence Party (UNIP), quoted official sources... | Financial Reports |
DWG CORP <DWG> 3RD QTR JAN 31 NET
| Oper shr profit 17 cts vs profit 10 cts
Oper net profit 5,146,000 vs profit 2,691,000
Revs 269.5 mln vs 274.4 mln
Avg shrs 20.5 mln vs 17.0 mln
Nine mths
Oper shr profit 14 cts vs loss 45 cts
Oper net profit 4,131,000 vs loss 7,148,000
Revs 802.8 mln vs 766.0 mln
Avg sh... | Other |
KAPOK CORP <KPK> 1ST QTR DEC 31 LOSS
| Shr loss 14 cts vs loss 21 cts
Net loss 353,000 vs loss 541,000
Revs 2,668,000 vs 2,525,000
Avg shrs 2,452,3000 vs 2,552,300
| Financial Reports |
DIAMOND SHAMROCK <DIA> SETS PRORATION FACTOR
| Diamond Shamrock Corp said it will
accept about 27 pct of the 73,653,000 shares of its common
stock tendered in response to the company's offer to pay 17
dlrs a share for 20 mln shares.
The company said it expects to mail checks representing the
purchase price of the 20 mln shares purchased later this w... | Financial Reports |
<BRALORNE RESOURCES LTD> YEAR LOSS
| Shr loss 2.70 dlrs vs loss 25 cts
Net loss 60.6 mln vs loss 3,122,000
Revs 101.0 mln vs 167.7 mln
Note: 1986 includes charge of 44.1 mln dlrs due to
writedown of oil and gas interests, writeoff of goodwill and
patents, provision against disposal of surplus inventory,
losses on disposition of o... | Corporate News |
BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
|
BANK OF FRANCE LEAVES MONEY MARKET INTERVENTION RATE UNCHANGED AT 7-3/4 PCT - OFFICIAL
| Corporate News |
H AND R BLOCK <HRB> SEES GAINS FROM TAX REFORM
| With the April 15 tax return deadline
less than a month away, confused taxpayers will be converging
on H and R Block Inc's offices to interpret the new tax codes.
Financial results for the nation's largest tax preparer are
expected to be good in fiscal 1987 but next year could be a
"bonanza," analysts s... | Corporate News |
AUSIMONT COMPO NV <AUS> RAISES QUARTERLY
| Qtly div eight cts vs five cts prior
Pay April 24
Record April Three
| Corporate News |
ALDERSHOT AGREES TO ACQUIRE INTRACOASTAL REFINING
| Aldershot Resources Ltd said
it signed an interim agreement to acquire 100 pct of the
outstanding shares of Intracoastal Refining Inc of Conroe,
Texas.
Aldershot will pay a certain number of shares of common
stock based on book value, and up to a maximum of one mln
shares under a formula linked to the... | Corporate News |
PREFERRED HEALTHCARE LTD <PHCC> 4TH QTR NET
| Shr six cts vs four cts
Net 383,189 vs 241,857
Revs 1,506,756 vs 793,459
12 mths
Shr 24 cts vs 15 cts
Net 1,520,797 vs 929,017
Revs 5,268,486 vs 2,617,995
| Other |
DERLAN ACQUIRES 80 PCT OF AURORA INDUSTRIES
| <Derlan Industries Ltd> said it
acquired 80 pct of Aurora Industries Inc of Montgomery,
Illinois for an undisclosed price.
Closing is subject to completion of legal formalities,
Derlan said.
| Financial Reports |
MARION LABS <MKC> VOTES SPLIT, DIVIDEND HIKE
| Marion Laboratories Inc said
its board declared a two-for-one common stock split in the form
of a dividend, with distribution April 21, record March 25.
The board also said it intends to increase the regular
quarterly dividend by 43 pct, to five cts a share, reflecting
the split. It said the increase wi... | Financial Reports |
DART SEEKS SUPERMARKETS <SGL> NEGOTIATIONS
| <Dart Group Inc> said it is
preparted to negotiate all terms of its proposed acquisition of
Supermarkets General Corp.
Early this month, Dart made an unsolicited offer of 41.75
dlrs a share in cash for Supermarkets General's stock.
Releasing a letter sent friday to Supermarkets General,
Dart sa... | Corporate News |
DECORATOR INDUSTRIES INC <DII> 4TH QTR NET
| Ended Jan three
Shr profit five cts vs NA
Net profit 58,088 vs loss 279,718
Revs 6,310,841 vs 5,468,893
Year
Shr profit 12 cts vs loss 74 cts
Net profit 126,321 vs loss 773,090
Revs 23.1 mln vs 19.1 mln
NOTE: Loss per share not given for quarter.
| Corporate News |
MCCORMICK AND CO INC <MCCRK> 1ST QTR NET
| Qtr ends Feb 28
Shr 37 cts vs 35 cts
Net 4,346,000 vs 4,202,000
Revs 232,006,000 vs 223,151,000
| Corporate News |
VALUE LINE INC <VALU> 3RD QTR JAN 31
| Shr 52 cts vs 25 cts
Net 5,154,000 vs 2,496,000
Revs 17.7 mln vs 14.4 mln
Nine months
Shr 1.16 dlrs vs 70 cts
Net 11.5 mln seven mln
Revs 50.3 mln vs 41.2 mln
NOTE: 1987 periods include pretax investment income
of 2.9 mln dlrs in capital gains distributions from mutual fund... | Corporate News |
THERMO ELECTRON <TMO> CONSIDERS UNIT STAKE SALE
| Thermo Electron Corp said it has
entered into talks with underwriters on the possible public
sale of a minority interest in its packaged cogeneration
systems subsidiary, Tecogen Inc.
The company also said it plans to offer convertible
subordinated debentures publicly.
It gave no further details.
... | Commodities and Trade |
HONGKONG BANK OF CANADA 1ST QTR JAN 31 NET
| Net 3.1 mln vs not given
Note: results not comparable with last year due to November
1986 acquisition of Bank of British Columbia.
Subsidiary of <Hongkong and Shanghai Banking Corp>
| Financial Reports |
SALANT CORP <QSLT> 4TH QTR NOV 29 NET
| Oper shr profit 45 cts vs profit 56 cts
Oper net profit 1,492,000 vs profit
1,842,000
Sales 36.5 mln vs 38.5 mln
Year
Oper shr profit 48 cts vs loss 2.44 dlrs
Oper net profit 1,596,000 vs loss 8,084,000
Sales 131.1 mln vs 144.5 mln
NOTE: 1986 year net includes pretax pr... | Corporate News |
TRANZONIC COS <TNZ> SETS QUARTERLY
| Qtly div 11 cts vs 11 cts prior
Pay April 17
Record March 20
| Financial Reports |
U.K. MONEY MARKET GIVEN 550 MLN STG LATE HELP
| The Bank of England said it provided the
money market with late assistance of around 550 mln stg.
This takes the Bank's total help today to some 1.12 billion
stg and compares with its estimated deficit of around 1.10
billion.
| Financial Reports |
16-MAR-1987
| 16-MAR-1987
| Financial Reports |
LYNG SAYS TOO LATE FOR CROP DECOUPLING THIS YEAR
| U.S. Agriculture Secretary Richard
Lyng said it is too late to implement a full 0/92 acreage
provision, or "decoupling," for 1987 grain crops.
"I think there's a chance we'll see that legislation (0/92)
passed, (but) not for 1987 crops. It's too late," Lyng told the
National Grain and Feed Association c... | Corporate News |
SALANT <QSLT> FILES REORGANIZATION PLAN
| Salant Corp said it and its Thomson Co
Inc and Obion Co Inc subsidiaries have filed a joint
reorganization plan with the U.S. Bankruptcy Court and expect
to emerge from Chapter 11 bankruptcy in the near future.
The company said a hearing on the adequacy of the
associated disclosure plan is scheduled for... | Financial Reports |
ANALOGIC CORP <ALOG> 2ND QTR JAN 31 NET
| Shr 11 cts vs 13 cts
Net 1,965,577 vs 2,474,357
Revs 38.3 mln vs 34.7 mln
1st half
Shr 61 cts vs 22 cts
Net 11.3 mln vs 4,132,129
Revs 84.4 mln vs 66.2 mln
| Commodities and Trade |
WEST GERMAN EXPORTS TO U.S. DROP SHARPLY
| West German exports to the United
States fell below four billion marks worth in January for the
first time since mid-1984, provisional Bundesbank data showed.
The figures showed exports were 3.85 billion marks in
January, sharply down from December's 4.40 billion and the
lowest since the 3.56 billion ex... | Financial Reports |
TEXAS AIR TO GIVE FORMER CONTINENTAL AIR HOLDERS ANOTHER 3.75 DLRS A SHARE
|
TEXAS AIR TO GIVE FORMER CONTINENTAL AIR HOLDERS ANOTHER 3.75 DLRS A SHARE
| Commodities and Trade |
French February inflation between 0.1 and 0.2 pct vs 0.9 pct in january - official
|
French February inflation between 0.1 and 0.2 pct vs 0.9 pct in january - official
| Commodities and Trade |
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