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TOKYO BIDS TO STOP CHIP ROW BECOMING TRADE WAR
| Japan is seeking to prevent its computer
chips dispute with the U.S. From erupting into a full-scale
trade war, government officials said.
"We hope that the dispute on this specific issue won't have
an adverse effect on our overall relationship with the United
States," a Ministry of International Trade ... | Financial Reports |
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 1.5 to two billion dlrs of customer repurchase
agreements. The Fed may add the reserves directly instead via
System r... | Corporate News |
U.S. APPEARS TO TOLERATE FURTHER DLR DECLINE
| In a bid to hasten Japan's promise
to speed up its economic growth and open markets to foreign
trade, top U.S. officials appear once again to have signaled
their tolerance of a lower dollar.
Treasury Secretary James Baker and one of his top aides,
Assistant Secretary David Mulford, said last week there ... | Financial Reports |
BALDRIGE PREDICTS END OF U.S.-JAPAN TRADE DISPUTE
| The United States and Japan will
soon settle their trade dispute over semiconductors, U.S.
Commerce secretary Malcolm Baldrige said on television.
Baldrige, referring to the U.S.-Japan trade agreement on
semiconductors, said: "Their government wants to live up to it.
Their industries haven't been doing ... | Financial Reports |
U.S. BANKER PREDICTS FURTHER DOLLAR FALL THIS YEAR
| A leading U.S. Banker said the dollar
was likely to fall another five to 10 pct this year and an
improvement in the huge American trade deficit would be only
temporary at current world exchange rate levels.
Kurt Viermetz, worldwide treasurer of Morgan Guaranty Trust
Co, told Arab currency traders meetin... | Corporate News |
INVESTOR GROUP PUTS PRESSURE ON GENCORP <GY>
| An investor partnership, seeking to
acquire GenCorp Inc, said it would attempt to unseat the
company's board of directors and take other hostile actions if
the firm refuses to discuss its 2.3 billion dlr takeover bid.
General Acquisition Co, comprising investors Wagner and
Brown and glass-maker AFG Indu... | Financial Reports |
UNITED BANKS COLORADO <UBKS> ACQUISITION CLEARED
| United Banks of Colorado Inc said it has
received Federal Reserve Board approval to acquire IntraWest
Financial Corp <INTW> in an exhcnmage of 0.7234 United share
for each IntraWest share.
The company said the acquisition is still subject to 30-day
review by the U.S. Justice Department and is expecte... | Financial Reports |
SUFFIELD'S <SSBK> COASTAL <CSBK> BUY CLEARED
| Suffield Financial Corp said it
has received approvcal from the Maine Bureau of Banking for its
proposed acquisition of Coastal Bancorp of Portland, Maine, and
the acquisition is expected to close around April One.
The approval was the last regulatory clearance required for
the transaction.
| Market and Economy |
MARKETING SYSTEMS <MASY> SEEKS ACQUISITIONS
| Marketing Systems of America Inc
said it has retained Richter, Cohen and Co to assist in efforts
to redirect its business through merger or acquisition.
The company said as consideration for services to be
renedered, it has agreed to grant Richter five-year warrants to
buy 231,000 common shares at 32 ct... | Financial Reports |
EC INDUSTRY OUTPUT GROWTH SLOWS IN 1986
| European Community industrial output
increased by an average of around two pct last year, compared
with 3.3 pct growth recorded in 1985 against a year earlier,
the EC statistics office Eurostat said.
Growth was highest in Portugal at five pct, while in Greece
output contracted by 0.3 pct, Eurostat said ... | Financial Reports |
ORACLE SYSTEMS <ORCL> FILES FOR OFFERING
| Oracle Systems Corp said it has
filed for an offering of 2,300,000 common shares, after
adjustment for a recent two-for-one stock split, including
800,000 to be sold by shareholders.
The company said lead underwriters are Alex. Brown and Sons
Inc <ABSB> and <Donaldson, Lufkin and Jenrette Securiti... | Corporate News |
SKANSKA TO TAKE STAKE IN CANADIAN FIRM
| Swedish construction and real estate
company Skanska AB <skbs.St.> said it will sell its 49 pct
holding in Canadian building firm <Canadian Foundation Company
Ltd> to rival <Banister Continental Ltd>.
A company spokeswoman told Reuters Skanska will receive
Banister shares as payment, giving the... | Corporate News |
U.K. MONEY MARKET GIVEN 129 MLN STG ASSISTANCE
| The Bank of England said it had provided
the money market with assistance worth 129 mln stg in the
afternoon session. This compares with the Bank's forecast of a
shortage in the system today of around 100 mln stg.
The central bank purchased 129 mln stg bank bills in band
one at 9-7/8 pct.
| Financial Reports |
GREECE SCRAPS U.S. BASE CLOSURE REQUEST
| Prime Minister Andreas Papandreou has
withdrawn a request to Washington to suspend operations at an
American army base near Athens as a Greek-Turkish row over oil
rights in the Aegean eased.
A Turkish research ship which Greece had threatened to
tackle if it sailed into disputed waters in the Aegean Sea... | Financial Reports |
MERIDIAN BANCORP INC <MRDN> SETS REGULAR PAYOUT
| Qtly div 25 cts vs 25 cts prior
Pay April one
Record March 15
| Corporate News |
LSB INDUSTRIES INC <LSB> 4TH QTR NET
| Shr profit five cts vs loss 2.11 dlrs
Net profit 375,061 vs loss 10.4 mln
Revs 39.9 mln vs 37.8 mln
Avg shrs 6,536,008 vs 4,939,895
12 mths
Shr profit 47 cts vs loss 3.37 dlrs
Net profit 2,837,288 vs loss 16.6 mln
Revs 169.1 mln vs 149.4 mln
Avg shrs 6,037,640 vs 4,937,... | Financial Reports |
PANAMA SUGAR VESSEL SAFELY DOCKED AT GREENOCK
| The Panamanian motor vessel Northern 1,
4,217 dwt, was safely towed into Greenock over the weekend
after having its crankshaft broken off the Scottish coast
during severe weather, Lloyds Shipping Intelligence said.
Northern 1 was loaded with 3,000 tons of sugar from
Demerara.
| Financial Reports |
JAPAN SET TO RIDE OUT YEN RISE, OFFICIALS SAY
| The government is determined to ride out
the latest sharp rise of the yen without taking panic measures
because it expects the currency's appreciation to prove
temporary, senior officials said.
"The market has already located a ceiling (for the yen) and
market forces are pushing the dollar back up a bit... | Financial Reports |
SAGE ANALYTICS <SAII> SETS STOCK SPLIT
| Sage Analytics International Inc
said its board has declared a three-for-two stock split,
payable June 22 to holders of record on June Eight.
The company also said it will redeem warrants till
outstanding on June Two at 10 cts each. Each two warrants
allow the purchase of one common share at six dlrs t... | Financial Reports |
H.K. DEALERS SAY NAKASONE G-6 COMMENT TOO LATE
| Remarks by Japan's Prime Minister
Yasuhiro Nakasone that last month's G-6 meeting agreed to
stabilize the dollar above 150 yen have come too late to
influence currency trading, dealers said.
After Nakasone's statement the dollar rose to 146.40/50 yen
from an initial low of 144.20/40 and New York's Frida... | Financial Reports |
JAPAN CONDUCTS CURRENCY SURVEY OF BIG INVESTORS
| A Finance Ministry official said the
ministry has recently conducted a survey on foreign exchange
transactions by institutional investors but declined to say if
it was aimed at moderating their dollar sales.
However, financial market sources said they had heard the
ministry has asked life insurance and ... | Financial Reports |
JAPANESE SEEN LIGHTENING U.S. BOND HOLDINGS
| The dollar's tumble to a record low of
144.70 yen in Tokyo today motivated some major Japanese
investors to lighten their U.S. Bond inventory further and is
expected to spur diversification into investment assets
including foreign and domestic shares, dealers said.
The key U.S. 7-1/2 pct Treasury bond d... | Financial Reports |
PERU ANNOUNCES LARGE NEW GOLD FIND
| President Alan Garcia said Peru has found
gold deposits worth an estimated 1.3 billion dlrs in a jungle
region near the Ecuadorean border about 1,000 km north of here.
He told reporters yesterday the deposits, located at four
sites near the town of San Ignasio, contained the equivalent of
100 tonnes of ... | Financial Reports |
NEWS CORP LTD TO ACQUIRE HARPER AND ROW PUBLISHERS INC FOR 65 DLRS/SHARE
|
NEWS CORP LTD TO ACQUIRE HARPER AND ROW PUBLISHERS INC FOR 65 DLRS/SHARE
| Corporate News |
CANADIAN WORLDWIDE ENERGY BUYS TRITON<OIL> UNIT
| <Canadian Worldwide Energy
Ltd> said it acquired Triton Energy Corp's wholly owned
Canadian subsidiary, Triton Petroleum Ltd, for the issue of
3.75 mln common shares of Canadian Worldwide, subject to
regulatory approvals.
The company said the transaction will increase Triton
Energy's holding in Can... | Market and Economy |
CLABIR <CLG> DIVIDENDS NOT TAXABLE
| Clabir Corp said it has
determined all dividends paid on its Class A common in 1986 are
not taxable as dividend income.
While this is a preliminary estimate, the company said, it
may be used by shareholders when preparing 1986 income tax
returns.
| Other |
MORE GOLD DETECTED AT DOYON MINE
| Lac Minerals Ltd and Cambior Inc said
they completed a second hole at their jointly owned Doyon mine
in Quebec, which showed two significant gold intersections.
One intersection graded 0.33 ounce gold per short ton over
44 feet at depth of 1,411 feet, while the other graded 0.22
ounce gold per ton over ... | Financial Reports |
LENNAR <LEN> SEES STRONG EARNINGS FOR 1987 YEAR
| Lennar Corp chairman and president,
Leonard Miller, said the current backlog of orders and the
strong economy point to strong revenues and earnings for the
balance of fiscal 1987.
He said the company's backlog of sales deposits on Feb 28
was 2,416, an increase of 976 units over the previous year.
... | Commodities and Trade |
YUGOSLAV TRADE FALLS SHARPLY STATISTICS SHOW
| Yugoslav trade is declining rapidly
this year in hard currency terms, according to the latest
Federal Statistics Office (FSO) figures.
The FSO figures showed total exports from January 1 to
March 23 valued at 875.59 billion dinars, compared with 667.18
billion dinars in the same period last year.
... | Corporate News |
WALBRO <WALB> SEES STRONG 1ST QTR RESULTS
| Walbro Corp said it expects
its first-quarter results to reach "all-time highs."
It projected sales exceeding 32 mln dlrs, or up 21 pct from
the 26,488,000 dlrs reported for the 1986 first quarter. It
said the previous high for a single quarter was 27,179,000 dlrs
for the 1986 fourth quarter.
Walb... | Commodities and Trade |
CANADA GDP UP 0.1 PCT IN JANUARY
| Canada's gross domestic product rose 0.1
pct, seasonally adjusted, in January after gaining 1.0 pct in
December but falling 0.1 pct and 0.3 pct in November and
October, Statistics Canada said.
January's rise, in 1981 prices, was fueled largely by a 0.5
pct gain in the goods producing sector. Output in
... | Corporate News |
SRI LANKA APPEALS FOR DROUGHT RELIEF AID
| Sri Lanka has appealed to 24 countries
for emergency aid to help 2.4 mln villagers affected by the
country's worst drought in 36 years, government officials said.
Embassies received letters over the weekend outlining aid
needed for a sixth of Sri Lanka's population in 13 districts.
The letter said t... | Financial Reports |
MOBIL FRANCE TO TAKE 10 PCT STAKE IN PRIMAGAZ
| Mobil Corp's <MOB> Mobil Oil Francaise
unit said it will take a stake of about 10 pct in the French
butane and propane gas distribution company <Primagaz> in
exchange for the transfer to Primagaz of Mobil's small and
medium bulk propane activity.
Small and medium bulk propane sales totalled 55,000... | Other |
METROMAIL <MTML> SEES FLAT YEAR NET
| Metromail Corp said it expects
earnings for the year to be about flat due to higher expenses
caused by an expansion of data processing capabilities and
startup costs associated with new cooperative programs that
will continue into the fourth quarter.
The company today reported earnings for the nine mont... | Other |
REGENCY CRUISTS <SHIP> CORRECTS EARNINGS
| Regency Cruises Inc said its earnings
per share for the year 1986 were 36 cts per share, not the 37
cts it reported on March 11.
The company lost 10 cts per share in 1985.
| Corporate News |
MORRISON INC <MORR> ACQUIRES CUSTOM MANAGEMENT
| Morrison Inc, a diversified food
service company, said it acquired Custom Management Corp, based
in Kingston, Penn., for an undisclosed amount.
Custom manages some 215 food contract management operations
and about 65 environmental service accounts, producing about
100 mln dlrs in annual revenues.
| Other |
ANECO REINSURANCE CO LTD <ANECF> YEAR NET
| Shr profit 80 cts vs loss 1.60 dlrs
Net profit 1,673,960 vs loss 3,292,663
NOTE: 1986 net includes gain on bond portfolio of 1,160,000
dlrs and 5,600,000 dlr provision for losses on discontinued
liability and multi-peril lines of reinsurance.
| Financial Reports |
GULF RESOURCES AND CHEMICAL CORP <GRE> 4TH QTR
| Oper shr profit 34 cts vs loss 53 cts
Oper net profit 3,337,000 vs 4,881,000
Revs 32.7 mln vs 49.6 mln
Year
Oper shr profit 20 cts vs loss 90 cts
Oper net profit 2,374,000 vs loss 9,381,000
Revs 126.9 mln vs 160.5 mln
NOTES: Operating net excludes loss 6,050,000 dlrs, or 64
... | Financial Reports |
TEXAS INTERNATIONAL CO <TEI> 4TH QTR LOSS
| Shr loss 36 cts vs loss 36 cts
Net loss 20.1 mln vs loss 12.6 mln
Revs 12.5 mln vs 24.9 mln
Avg shrs 55.8 mln vs 34.7 mln
Year
Shr loss 1.11 dlrs vs loss 1.05 dlrs
Net loss 50.8 ln vs loss 31.9 mln
Revs 63.7 mln vs 106.9 mln
Avg shrs 45.8 mln vs 30.2 mln
NOTE: Net... | Other |
SCIENTIFIC MICRO <SMSI> SEES HIGHER REVENUES
| Scientific Micro Systems
Inc said it expects first quarter revenues to rise by about 60
pct to 24 mln dlrs, compared with the 15 mln reported for the
first quarter last year.
The company said it experienced revenue growth across all
product lines during the quarter.
It also said revenue growth sho... | Other |
BOLT BERANEK <BBN> FILES FOR DEBENTURE OFFERING
| Bolt Beranek and Newman Inc said it
filed with the Securities and Exchange Commission a
registration statement covering a 75 mln dlr issue of
convertible subordinated debentures due 2012.
A portion of the proceeds will be used to acquire all of
the outstanding capital stock of Network Switching Systems ... | Industrial and Sector News |
HENLEY GROUP SAID HAS CLOSE TO FIVE PCT OR 7.9 MLN SHARES OF SANTA FE SOUTHERN PACIFIC AS INVESTMENT
|
HENLEY GROUP SAID HAS CLOSE TO FIVE PCT OR 7.9 MLN SHARES OF SANTA FE SOUTHERN PACIFIC AS INVESTMENT
| Commodities and Trade |
MEXICAN FIRST QTR CRUDE EXPORTS SEEN AT 15.25 DLRS
| The average price of mexico's crude
oil exports in first quarter 1987 will be 15.25 dlrs per
barrel, according to preliminary figures issued in a press
release by the state oil company Petroleos Mexicanos (PEMEX).
It gave no direct comparison with the year-ago figure but
said crude and products sales we... | Other |
TEXAS INTERNATIONAL <TEI> HAS UNQUALIFIED AUDIT
| Texas International Inc said it
has received an unqualified audit opinion from auditor Arthur
Andersen and Co.
The company had received a qualified opinion on 1985
financial statements subject to its ability to resolve
negotiations with its U.S. bank group. Subsequently, it sold
almost all its domest... | Financial Reports |
TENNECO <TGT> BUYS UNISYS <UIS> UNIT
| Tenneco Inc said its Newport
News Shipbuilding subsidiary has completed the purchase of the
Sperry Marine Systems division of Unisys Corp for about 70 mln
dlrs.
Sperry Marine has annual revenues of about 100 mln dlrs.
| Financial Reports |
BIOGEN <BGENF> MAY SELL EUROPEAN OPERATIONS
| Biogen NV said as part of a
program to reduce expenses, it is in talks on the sale of its
Geneva, Switzerland operations.
The company gave no details.
| Financial Reports |
COFFEE TALKS COLLAPSE EASES NEED FOR U.S. BILL
| The collapse of International Coffee
Organization, ICO, talks on export quotas yesterday removes the
immediate need to reinstate U.S. legislation allowing the
customs service to monitor coffee imports, analysts here said.
The Reagan administration proposed in trade legislation
offered Congress last mont... | Financial Reports |
MILTOPE GROUP INC <MILT> 4TH QTR NET
| Shr 10 cts vs 29 cts
Net 584,000 vs 1,688,000
Sales 19.8 mln vs 16.9 mln
Avg shrs 5,959,000 vs 5,762,000
Year
Shr 68 cts vs 96 cts
Net 4,013,000 vs 5,430,000
Sales 68.1 mln vs 61.3 mln
Avg shrs 5,934,000 vs 5,679,000
Backlog 67.9 mln vs 60.6 mln
| Commodities and Trade |
ALOETTE COSMETICS INC <ALET> 4TH QTR DEC 31 NET
| Shr 12 cts vs 12 cts
Net 337,000 vs 235,000
Revs 3,350,000 vs 1,642,000
Avg shrs 2,935,734 vs 2,000,000
Year
Shr 69 cts vs 56 cts
Net 1,815,000 vs 1,112,000
Revs 12.1 mln vs 7,709,000
Avg shrs 2,648,257 vs 2,000,000
| Other |
INTERNATIONAL PROTEINS CORP <PRO> YEAR NET
| Oper shr 49 cts vs 22 cts
Oper net 1,018,000 vs 468,000
Sales 95.0 mln vs 98.3 mln
NOTE: Net excludes tax credits of 284,000 dlrs vs 310,000
dlrs.
| Commodities and Trade |
CSM SYSTEMS INC <CSMS> YEAR ENDED DEC 31 LOSS
| Shr loss 20 cts vs profit 24 cts
Net loss 173,578 vs profit 211,324
Revs 4,558,244 vs 5,595,644
NOTE: Earnings per share restated retroactively for all
periods to reflect 20 pct stock dividend in April 1984 and 25
pct stock split September 1985.
Revenues include progress receivables on lon... | Financial Reports |
Ia-So Minn direct hogs estimated rcpts 95,000 vs actual week ago 93,000 and actual year ago 93,000.
|
Ia-So Minn direct hogs estimated rcpts 95,000 vs actual week ago 93,000 and actual year ago 93,000.
| Financial Reports |
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
|
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
| Commodities and Trade |
GLOBAL RAISES HEAVY FUELS PRICES
| Global Petroleum Corp said today it
raised its posted prices for numbers six fuel cargoes in the
new york harbor 70 cts to 1.60 dlrs per barrel, depending on
grade.
Effective today, the new prices are: 0.3 pct sulphur 22.50
dlrs, up 1.25; 0.5 pct sulphur 21.85 dlrs, up 1.60; one pct
sulphur 20.10 dlrs... | Corporate News |
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
| The Federal Reserve entered the U.S.
Government securities market to arrange two billion dlrs of
customer repurchase agreements, a Fed spokesman said.
Dealers said Federal funds were trading at 6-3/8 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
| Corporate News |
BOW VALLEY INDUSTRIES<BVI> SETS SECONDARY ISSUE
| Bow Valley Industries Ltd said
it filed a preliminary short form prospectus in Canada and the
United States for a secondary offering of 22.8 pct of
outstanding common stock, or 9,362,197 common shares, being
sold by certain shareholders.
The company said Bowcan Holdings Inc, a holding company
principa... | Other |
<CORNUCOPIA RESOURCES LTD> IN DRILLING PROGRAM
| Cornucopia Resources Ltd said an
extensive drill and sampling program will begin in mid-April at
its Ivanhoe gold property in north central Nevada.
It said it will seek to increase the present reserves of
eight mln short tons grading 0.045 ounce of gold per ton that
had been found by USX Corp <X> on ... | Financial Reports |
PANSOPHIC SYSTEMS INC <PNS> 3RD QTR JAN 31 NET
| Shr 70 cts vs 56 cts
Net 6,197,000 vs 4,880,000
Revs 24.1 mln vs 17.1 mln
Nine mths
Shr 1.38 dlrs vs 1.20 dlrs
Net 12.1 mln vs 10.4 mln
Revs 52.5 mln vs 41.8 mln
| Other |
COGNITRONICS CORP <CGN> 4TH QTR LOSS
| Shr loss 78 cts vs loss 18 cts
Net loss 1,671,000 vs loss 382,000
Revs 3,261,000 vs 4,427,000
Year
Shr loss 1.35 dlr vs loss 15 cts
Net loss 2,902,000 vs loss 331,000
Revs 13.5 mln vs 16.1 mln
NOTE: 1986 and 1985 4th qtr net includes charges of 867,000
dlrs or 40 cts a shar... | Financial Reports |
ALLEGHENY INTERNATIONAL SELLS WILKINSON SWORD GROUP FOR 230 MLN DLRS
|
ALLEGHENY INTERNATIONAL SELLS WILKINSON SWORD GROUP FOR 230 MLN DLRS
| Commodities and Trade |
HENLEY <HENG> HAS SANTA FE SOUTHERN <SFX> STAKE
| Henley Group said in a 10-K filing
with the Securities and Exchange Commission that it has 7.9 mln
shares or close to five pct of Santa Fe Southern Pacific Corp,
a spokesman said.
In response to questions from Reuters, the Henley spokesman
said the filing was as of December 31, 1986, but that the
comp... | Financial Reports |
MEXICAN FIRST QTR CRUDE EXPORTS SEEN AT 15.25 DLRS
| The average price of mexico's crude
oil exports in first quarter 1987 will be 15.25 dlrs per
barrel, according to preliminary figures issued in a press
release by the state oil company Petroleos Mexicanos (PEMEX).
It gave no direct comparison with the year-ago figure but
said crude and products sales we... | Commodities and Trade |
COMBUSTION <CSP> COMPLETES ACCURAY <ACRA> BUY
| Combustion Engineering Inc said
it has completed the previously-announced acquisition of
AccuRay Corp in a merger trasaction that closed Friday at 45
dlrs per share.
| Financial Reports |
U.S. SEES NO NEW COFFEE AGREEMENT TALKS SOON
| The United States does not expect
the executive board meeting of the International Coffee
Organization, ICO, to call for a new round of negotiations on
reinstating coffee quotas, a U.S. government official said.
The official, a member of the U.S. delegation to ICO talks
earlier this year, said no new co... | Corporate News |
INTELLIGENT SYSTEMS <INP> SETS INITIAL PAYOUT
| Intelligent Systems Master
Limited Partnership said its board declared an initial
quarterly dividend of 25 cts per unit, payable April 10 to
holders of record March 31.
The partnership, formed at year-end by the conversion of
Intelligent Systems Corp from corporate form, said its board
has approved in... | Financial Reports |
QUEST MEDICAL INC <QMED> 4TH QTR LOSS
| Shr loss six cts vs profit two cts
Net loss 463,473 vs profit 126,835
Revs 3,506,066 vs 3,082,499
Year
Shr loss four cts vs profit three cts
Net loss 323,214 vs profit 187,893
Revs 13.8 mln vs 10.8 mln
| Financial Reports |
FORMER TREASURY OFFICIAL URGES CURRENCY REFORMS
| Former Treasury official C. Fred
Bergsten said a new exchange rate system is needed to replace
the fixed and flexible exchange rate systems which he said had
not worked.
"I prefer a move to 'target zones' in which the major
countries would determine ranges of 15-20 pct within which they
would pledge t... | Commodities and Trade |
TRADE SEES U.S. CORN EXPORTS UP, WHEAT/BEANS OFF
| Grain traders and analysts expect lower
wheat and soybean exports and higher corn exports than a year
ago in the USDA's export inspection report today.
Corn export guesses ranged from 27.0 mln to 32.0 mln
bushels, compared with the 27.6 mln inspected last week and
20.5 mln a year ago.
Soybean expo... | Financial Reports |
OPPENHEIMER HAS SIX PCT OF CYCLOPS <CYL>
| Oppenheimer, the brokerage and
investment subsidiary of Oppenheimer Group Inc, told the
Securities and Exchange Commission it has acquired 243,400
shares of Cyclops Corp, or 6.0 pct of the total outstanding.
Oppenheimer said it bought the stake in connection with
risk arbitrage and other investment acti... | Corporate News |
DUNE RESOURCES LTD <DNLAF> 4TH QTR NET
| Shr profit one ct vs loss two cts
Net profit 27,000 vs loss 69,000
Revs 295,000 vs 264,000
Year
Shr loss eight cts vs loss three cts
Net loss 262,000 vs loss 88,000
Revs 1,004,000 vs 1,248,000
| Other |
AW COMPUTER SYSTEMS INC <AWCSA> YEAR END DEC 31
| Shr 18 cts vs 17 cts
Net 584,493 vs 540,977
Revs 4,685,930 vs 4,524,315
| Financial Reports |
DOW<DOW> RAISES STYRENE-BUTADIENE LATEX PRICES
| Dow Chemical Co said it
increased prices by nine cts a pound (solids) for
styrene-butadiene latex and plastic pigments, effective May
One. Dow did not release the percentage increase.
It said the increase will affect the floor covering
markets, paper, paperboard and specialty markets.
It said the ... | Other |
ALLEGHENY INTERNATIONAL <AG> SELLS WILKINSON
| Allegheny International Inc said it
sold its Wilkinson Sword Consumer Group to the <Swedish Match
Co> of Stockholm for for 230 mln dlrs.
After settlement of intercompany transactions between the
Wilkinson Sword groups and Allegheny, the net payment by
Swedish Match will amount to about 160 mln dlrs.
... | Corporate News |
DATRON CORP <DATR> 4TH QTR NET
| Shr 19 cts vs 13 cts
Net 166,000 vs 118,000
Rev 3.2 mln vs 2.5 mln
Year
Shr 34 cts vs 30 cts
Net 303,000 vs 269,000
Rev 10.8 mln vs 10.2 mln
| Corporate News |
C.O.M.B. <CMCO> SELLS THREE RETAIL STORES
| C.O.M.B. Co said it sold three of
its retail stores in Omaha to Bob Cummins Enterprises Inc, a
retail closeout merchandiser.
It said the sale is consistent with its previously
announced Retail Division restructuring plans.
| Financial Reports |
CENTRONICS <CEN> SETS PREFERRED PURCHASE RIGHTS
| Centronics Corp said its board
declared a dividend distribution of one preferred share
purchase right on each outstanding common share payable to
holders of record April 9.
The rights, which will expire 10 years later, will entitle
shareholders to buy one-hundredth of a share of a new series of
prefer... | Financial Reports |
MCCLAIN INDUSTRIES <MCCL> SETS STOCK SPLIT
| McClain Industries Inc
said its board declared a four-for-three stock split, payable
30, record April 15.
The company also said it plans to open within the next 90
days a 114,000 square foot plant in Macon, Ga., that will allow
it to expand production of transfer trailers and other
products.
| Financial Reports |
HERITAGE COMMUNICATIONS <HCI> IN SPECIAL MEETING
| Heritage Communications Inc
said it expects to hold a special shareholder meeting in May to
consider its proposed acquisition by an investor group
including members of senior management and Tele-communications
Inc <TELE>.
The company said it is seeking to obtain all regulatory
approvals needed to c... | Other |
CHEROKEE GROUP INC <CHKE> 1ST QTR FEB 28 NET
| Shr 22 cts vs 16 cts
Net 2,460,000 vs 1,730,000
Sales 37.0 mln vs 27.3 mln
NOTE: Share adjusted for two-for-one stock split in
February 1987.
| Financial Reports |
LOUISIANA PACIFIC <LPX> TO BUY WALLBOARD PLANT
| Louisiana Pacific Corp said it
reached a non-binding agreement in principle to buy a gypsum
wallboard plant in Seattle from Norwest Gypsum.
Purchase price and other details of the agreement were not
disclosed.
| Corporate News |
U.S. BANK DISCOUNT BORROWINGS 310 MLN DLRS
| U.S. bank discount window borrowings
less extended credits averaged 310 mln dlrs in the week to
Wednesday February 25, the Federal Reserve said.
The Fed said that overall borrowings in the week fell 131
mln dlrs to 614 mln dlrs, with extended credits up 10 mln dlrs
at 304 mln dlrs. The week was the seco... | Financial Reports |
KNUTSON MORTGAGE CORP <KNMC> SETS QUARTERLY
| Qtly div 10 cts vs 10 cts prior
Pay April 13
Record March 13
| Corporate News |
NOBEL'S BOFORS TO SELL ITS SINGAPORE HOLDING
| Nobel Industries Sweden SA <NOBL.ST>
said its arms subsidiary, <AB Bofors>, plans to sell its 40 pct
stake in <Allied Ordnance Co of Singapore Ltd> because of its
part in weapons exports which contravene Swedish law.
"The events we have uncovered are unacceptable and highly
regrettable incident... | Financial Reports |
ICO BOARD SEEN UNLIKELY TO SET NEW COFFEE TALKS
| Chances that the International Coffee
Organization, ICO, executive board meeting this week will agree
to resume negotiations on export quotas soon look remote, ICO
delegates and trade sources said.
ICO observers doubted Brazil or key consuming countries are
ready to give sufficient ground to convince th... | Financial Reports |
MINISTER SEES ENOUGH EC STATES AGAINST OILS TAX
| Enough European Community (EC) states
appear to be opposed to the proposals by the EC Commission for
a 330 European currency unit (Ecu) a tonne tax on vegetable
oils, fats and marine oils to block adoption by EC ministers,
British Farm Minister Michael Jopling said.
He told a news conference held during... | Corporate News |
DRAVO <DRV> TO HAVE FIRST QUARTER LOSS
| Dravo Corp said it expects a first
quarter loss of about 30 cts per share, compared with a
year-earlier profit of one ct, and said operating earnings for
all of 1987 may not match 1986's earnings of 61 cts per share
from continuing operations.
Dravo saidperformance so far this year in its engineering
... | Financial Reports |
ECONOMIC SPOTLIGHT - U.S. CONGRESS RAPS JAPAN
| The U.S. Congress is making Japan,
with its enormous worldwide trade surplus, the symbol of the
U.S. trade crisis and the focus of its efforts to turn around
America's record trade deficit.
"Japan has come to symbolize what we fear most in trade: the
challenge to our high technology industries, the thre... | Financial Reports |
GENERAL PUBLIC UTILITIES CORP <GPU> TWO MTHS NET
| Shr 97 cts vs 81 cts
Net 60.8 mln vs 51.1 mln
Revs 487.4 mln vs 529.7 mln
12 mths
Shr 3.42 dlrs vs 2.18 dlrs
Net 215.0 mln vs 137.2 mln
Revs 2.74 billion vs 2.88 billion
NOTE: 1986 results restated for change in accounting.
| Financial Reports |
KAUFMAN, BOARD <KB> UNITS CUT QUAKER <KSF> STAKE
| Kaufman and Board Inc and its
insurance subsidiaries said they lowered their stake in Quaker
State Oil Refining Corp to 1,795,908 shares, or 6.9 pct of the
total outstanding, from 2,120,908 shares, or 8.1 pct.
In a filing with the Securities and Exchange Commission,
the Kaufman and Board group, which in... | Commodities and Trade |
BUSINESSMAN HAS 5.7 PCT OF ARDEN GROUP <ARDNA>
| Saul Brandman, a California business
executive, told the Securities and Exchange Commission he has
acquired 118,714 shares of Arden Group Inc, or 5.7 pct of the
total outstanding common stock.
Brandman, chairman of Domino of California Inc, a Los
Angeles garment maker, said he bought the stake for 3.1 m... | Financial Reports |
FORD MOTOR CO OF CANADA LTD 4TH QTR SHR 8.17 DLRS VS 55 CTS
|
FORD MOTOR CO OF CANADA LTD 4TH QTR SHR 8.17 DLRS VS 55 CTS
| Financial Reports |
FED WILL BUY BILLS FOR CUSTOMER AFTER AUCTION
| The Federal Reserve said it will enter
the U.S. Government securities market after the 1300 EST weekly
bill auction to purchase around 900 mln dlrs of Treasury bills
for customers, a spokesman said.
He said the Fed will purchase bills with maturities from
May through September 10.
Dealers said Fed... | Financial Reports |
METROMAIL CORP <MTML> 3RD QTR MARCH 1 NET
| Shr 25 cts vs 32 cts
Net 2,414,500 vs 3,027,500
Rev 26.2 mln vs 23.5 mln
Nine months
Shr 76 cts vs 82 cts
Net 7,214,900 vs 7,752,800
Rev 69.2 mln vs 64.9 mln
| Financial Reports |
ORANGE <OJAY> IN DEFINITIVE PACT TO SELL UNITS
| Orange Julius International Inc said
it entered into a definitive agreement to sell Orange Julius of
America and Orange Julius Canada Limited to H.C. Holdings Inc,
owned by Branford Castle Inc, a merchant banker, members of its
management and certain of its shareholders.
Orange said the purchase price w... | Financial Reports |
SIERRACIN CORP <SER> 4TH QTR NET
| Oper shr profit nine cts vs loss 26 cts
Oper net profit 313,000 vs loss 860,000
Revs 18.8 mln vs 16.4 mln
Year
Oper shr profit 45 cts vs loss 47 cts
Oper net profit 1,543,000 vs loss 1,582,000
Revs 72.7 mln vs 61.4 mln
Note: Current qtr and year figures exclude losses from
... | Other |
COMPUTER MICROFILM CORP <COMI> YEAR NET
| Shr 23 cts vs 14 cts
Net 439,100 vs 259,948
Revs 9,918,413 vs 9,683,392
NOTE: Share adjusted for five pct stock dividend.
| Other |
COMPUTER MICROFILM <COMI> SEES HIGHER 1987 NET
| Computer Microfilm corp said it expects
revenues of over 12.5 mln dlrs and higher earnings in 1987.
The company today reported 1986 earnings of 439,100 dlrs on
revenues of 9,918,413 dlrs, up from earnings of 259,948 dlrs
and revenues of 9,683,392 dlrs a year before.
| Other |
KEVLIN MICROWAVE CORP <KVLM> 3RD QTR FEB 28 NET
| Shr profit nil vs profit five cts
Net profit 9,879 vs profit 118,852
Revs 1,581,894 vs 1,878,052
Avg shrs 2,627,952 vs 2,617,090
Nine mths
Shr loss two cts vs profit 24 cts
Net loss 51,001 vs profit 619,860
Revs 4,006,024 vs 6,646,587
Avg shrs 2,532,959 vs 2,621,397
... | Financial Reports |
UNIFAST INDUSTRIES INC <UFST> YEAR NET
| Shr 62 cts vs 19 cts
Net 961,826 vs 226,429
Sales 22.8 mln vs 16.1 mln
Avg shrs 1,543,230 vs 1,172,039
| Corporate News |
AZTEC MANUFACTURING CO <AZTC> 4TH QTR LOSS
| Shr loss 77 cts vs loss 1.49 dlrs
Qtly div two cts vs two cts prior
Net loss 3,860,000 vs loss 7,541,000
Sales 2,538,000 vs 3,648,000
Year
Shr loss 78 cts vs loss 1.58 dlrs
Net loss 3,935,000 vs loss 7,999,000
Sales 10.5 mln vs 16.3 mln
NOTE: Dividend pay April 24, reco... | Corporate News |
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