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|---|---|---|
AMERTEK INC <ATEKF> YEAR NET
| Oper shr 15 cts vs eight cts
Oper net 517,333 vs 276,240
Revs 22.4 mln vs 14.0 mln
Note: 1986 shr and net exclude extraordinary gain of
1,333,760 dlrs or 40 cts share. 1985 shr and net exclude
extraordinary gain of 294,859 dlrs or 10 cts share
| Commodities and Trade |
SYSTEMATICS INC <SYST> 3RD QTR FEB 28 NET
| Shr 33 cts vs 27 cts
Net 3,588,000 vs 2,981,000
Revs 37.8 mln vs 31.6 mln
Nine mths
Shr 72 cts vs 76 cts
Net 7,843,000 vs 8,344,000
Revs 103.3 mln vs 90.8 mln
| Commodities and Trade |
FED MAY SUPPLY RESERVES IN THE MONEY MARKETS
| There is a slightly better than even
chance that the Federal Reserve will enter the U.S. Government
securities market to add temporary reserves, economists said.
They said the Fed would supply the reserves indirectly via
around 1.5 billion dlrs of customer repurchase agreements.
Federal funds, which... | Financial Reports |
ARGENTINE 1986/87 GRAIN/OILSEED REGISTRATIONS
| Argentine grain board figures show
crop registrations of grains, oilseeds and their products to
February 11, in thousands of tonnes, showing those for futurE
shipments month, 1986/87 total and 1985/86 total to February
12, 1986, in brackets:
Bread wheat prev 1,655.8, Feb 872.0, March 164.6, total
2,69... | Corporate News |
BALDRIGE PREDICTS SOLID U.S. HOUSING GROWTH
| Commerce Secretary Malcolm Baldrige
predicted 1987 will be the fifth successive year for growth in
housing starts after a 2.6 pct rise overall in February starts
to a seasonally adjusted annual rate of 1.851 mln units.
"This year should be the fifth solid year in a row for
homebuilding activity -- with ... | Other |
IRVING TRUST <V> BUYS GULF/WESTERN <GW> UNIT
| Irving Bank Corp said it bought the
factoring division of Associates Commercial Corp, a unit of
Gulf and Western Co Inc's Associates Corp of North America.
The terms of the previously announced deal were not
disclosed.
It said the assets were transferred to Irving Commercial
Corp.
| Financial Reports |
AMRE INC <AMRE> 3RD QTR JAN 31 NET
| Shr five cts vs one ct
Net 196,986 vs 37,966
Revs 15.5 mln vs 8,900,000
Nine mths
Shr 52 cts vs 22 cts
Net two mln vs 874,000
Revs 53.7 mln vs 28.6 mln
| Corporate News |
KANSAS LEGISLATOR TO OFFER U.S. 0/92 BILL TODAY
| U.S. Rep. Dan Glickman, D-Kan.,
chairman of the House Agriculture subcommittee on wheat,
soybeans and feedgrains, said he would today introduce a bill
to apply the so-called 0/92 concept to wheat and feedgrains
producers.
Glickman told Reuters the measure would allow 1987 winter
wheat producers and 19... | Financial Reports |
PORTA SYSTEMS CORP <PSI> 4TH QTR JAN 31 NET
| Shr 10 cts vs 11 cts
Net 547,000 vs 579,000
Sales 11.0 mln vs 11.1 mln
Year
Shr 46 cts vs 52 cts
Net 2,500,000 vs 2,841,000
Sales 40.7 mln vs 40.5 mln
| Commodities and Trade |
FEDERATED DEPARTMENT STORES INC 4TH QTR SHR 3.64 DLRS VS 3.16 DLRS
|
FEDERATED DEPARTMENT STORES INC 4TH QTR SHR 3.64 DLRS VS 3.16 DLRS
| Market and Economy |
<WARNACO GROUP INC> EIGHT MTHS JAN THREE NET
| Oper net 46.6 mln
Revs 392 mln
12 mths
Oper net 65 mln vs 47.1 mln
Revs 590 mln vs 591 mln
NOTE: Eight months represents earnings following
acquisition in May 1986 when company went private.
Period ending Jan. 3, 1987 excludes 42.3 mln dlrs of
interest expenses, 41.6 mln dlrs o... | Corporate News |
GANTOS INC <GTOS> 4TH QTR JAN 31 NET
| Shr 43 cts vs 37 cts
Net 2,276,000 vs 1,674,000
Sales 31.9 mln vs 23.9 mln
Avg shrs 5.3 mln vs 4.5 mln
Year
Shr 90 cts vs 69 cts
Net 4,508,000 vs 3,096,000
Sales 98.4 mln vs 75.0 mln
Avg shrs 5.0 mln vs 4.5 mln
| Corporate News |
<ATLANTIC EXPRESS INC> 1ST HALF DEC 31 NET
| Shr not given
Net 788,099
Revs 15.5 mln
NOTE: Company went public during 1986.
| Financial Reports |
SPENDTHRIFT FARMS <SFI> GETS BID FOR CONTROL
| Spendthrift Farm Inc said it has
received three tentative proposals to acquyire control of the
company.
It said it is evaluating the proposals and will not comment
further unless a definitive agreement is reached.
| Financial Reports |
SHEARSON LEHMAN UPGRADES U.S. OIL STOCKS
| Analyst Sanford Margoshes of Shearson
Lehman Brothers said he recommended a number of oil stocks
today now that it is apparent that OPEC has succeeded in
holding to its prescribed production quotas.
"It is clear that OPEC, through jawboning and quota
restraint, will boost the price of oil," Margoshes sa... | Financial Reports |
ZAMBIAN MINISTER CONFIRMS COPPER DIVERSION
| Minister of Mines Patrick Chitambala
confirmed that Zambia had ended copper shipments through South
Africa and announced that its state-run mining company had
closed down its liaison office in the white-ruled republic.
He told the official Times of Zambia newspaper in an
interview the government was div... | Financial Reports |
TAFT CHAIRMAN'S GROUP RAISES TAFT BROADCASTING BID TO 150 DLRS/SHARE
|
TAFT CHAIRMAN'S GROUP RAISES TAFT BROADCASTING BID TO 150 DLRS/SHARE
| Financial Reports |
DEVELOPMENT CORP OF AMERICA <DCA> MERGED
| Development Corp of America
said its merger with Lennar Corp <LEN> was completed and its
stock no longer existed.
Development Corp of America, whose board approved the
acquisition last November for 90 mln dlrs, said the merger was
effective today and its stock now represents the right to
receive 15... | Financial Reports |
TEVA <TEVIY> SELLS PROMEDICO SUBSIDIARY
| Teva Pharmaceutical Industries Ltd,
based in Israel, said it sold its wholly owned Promedico
subsidiary, to foreign investors for four mln dlrs.
It said the book value of the unit is about 2.2 mln dlrs.
Teva said it will continue to market Promedico's products
through its wholly owned subsidiary, Sa... | Corporate News |
NEW MILFORD SAVINGS BANK <NMSB> RAISES PAYOUT
| Qtly div 25 cts vs 20 cts prior
Pay April 21
Reord March 27
| Corporate News |
K MART <KM> ENDS TALKS TO SELL STORES
| K Mart Corp said recent talks to sell
65 remaining Kresge variety stores and their underlying real
estate to F.W. Woolworth Co <Z> have ended.
Robert Stevenson, K Mart vice president, told Reuters the
talks, which began about six weeks ago, ended. He declined to
give a reason.
Kresge is the for... | Commodities and Trade |
INSTITUTE OF CLINICAL PHARM PLC <ICPYY> YEAR
| Shr 20 ct vs 27 cts
Net 1,048,000 vs 1,368,000
Revs 9,457,000 vs 5,386,000
NOTE: Dollar amounts converted from Irish pounds at noon
buying rate of the Federal Reserve Bank of New York at Dec 31,
1986, of 1.4105 dlr per one Irish pound. The equivalent rate at
Dec 31, 1985, was 1.2470 dlr equals... | Financial Reports |
U.K. GROWTH RATE SEEN AT THREE PCT THIS YEAR
| Chancellor of the Exchequer Nigel
Lawson, presenting his budget for fiscal 1987/88 to parliament,
said U.K. Economic growth was forecast at three pct in calendar
1987.
He said the Treasury expected a current account balance of
payments deficit in 1987 of 2.5 billion stg, after a 1.1
billion shortfall ... | Corporate News |
ICN BIOMEDICALS INC <BIMD> 1ST QTR FEB 28 NET
| Shr 10 cts vs eight cts
Net 856,000 vs 574,000
Sales 9,593,000 vs 9,232,000
Avg shrs 8,809,000 vs 6,969,000
| Corporate News |
APPLIED CIRCUIT TECHNOLOGY <ACRT> 1ST QTR LOSS
| Period ended January 31.
Shr loss two cts vs loss 12 cts
Net loss 192,370 vs loss 1,494,146
Revs 6,751,830 vs 2,278,842
Note: Full name Applied Circuit Technology Inc.
| Corporate News |
FRISCH'S RESTAURANTS INC <FRS> SETS QUARTERLY
| Qtly div 5-1/2 cts vs 5-1/2 cts prior
Pay April 16
Record April Six
| Corporate News |
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
|
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
| Other |
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 6-1/16 pct when
the Fed began its temporary and indirect supply of reserves to
the banking system.
| Corporate News |
FEDERATED DEPARTMENT STORES INC <FDS> 4TH QTR
| Jan 31 end
Shr 3.64 dlrs vs 3.16 dlrs
Net 171.3 mln vs 154.0 mln
Sales 3.44 billion vs 3.23 billion
Avg shrs 47.1 mln vs 48.8 mln
Year
Oper shr 6.23 dlrs vs 5.88 dlrs
Oper net 301.9 mln vs 286.6 mln
Sales 10.51 billion vs 9.98 billion
Avg shrs 48.5 mln vs 48.8 mln... | Market and Economy |
CLOTHESTIME INC <CTME> 4TH QTR NET
| Shr 12 cts vs 10 cts
Net 1,683,000 vs 1,407,000
Sales 42.2 mln vs 28.8 mln
Year
Shr 83 cts vs 70 cts
Net 11,908,000 vs 10,005,000
sales 160.3 mln vs 126.5 mln
| Financial Reports |
VIDEO LIBRARY INC <VLVL> 4TH QTR LOSS
| Shr loss two cts vs profit three cts
Net loss 59,299 vs profit 88,843
Revs 3,487,693 vs 2,123,488
Year
Shr profit 25 cts vs loss two cts
Net profit 816,395 vs loss 44,541
Revs 12.2 mln vs 7,413,328
Avg shrs 3,208,472 vs 2,348,559
| Financial Reports |
CHEMIE LINZ EXPECTS SHARPLY HIGHER 1986 LOSS
| State-owned <Chemie Linz AG> is
likely to record a 1986 loss of some 600 mln schillings
compared with a 340 mln loss in 1985, a company spokesman said.
Falling sales and lower world prices of fertilisers were
largely responsible for the sharp increase, along with the
effects of the dollar's fall whic... | Financial Reports |
<CABRE EXPLORATION LTD> SIX MTHS JAN 31 NET
| Shr 13 cts vs 13 cts
Net 617,000 vs 604,000
Revs 1,889,000 vs 1,920,000
| Financial Reports |
DUDLEY TAFT RAISES BID FOR TAFT BROADCASTING<TFB>
| Dudley Taft and Narragansett
Capital Inc said it was prepared to raise its bid to acquire
Taft Broadcasting Co to more than 150 dlrs per share.
Taft, through Theta Co, sent and letter to Taft's board of
directors stating he was committed to purchasing the
broadcasting company and was ready to discuss al... | Market and Economy |
EC OILS TAX NO LONGER MAJOR ISSUE - ASSOCIATION
| The proposed European Community (EC) tax
on vegetable oils and fats is no longer a major issue on the
agenda and the EC Commission merely used it as a threat, the
West German Feed Stuffs Industry Association (MFI) said.
Association chairman Ulrich Wagner told a news conference
the West German feed indus... | Other |
ALLWASTE <ALWS> TO BUY RELATED COMPANY
| Allwaste Inc said it entered into an
agreement in principle to acquire all the outstanding common of
a related air-moving and industrial services company. It did
not disclose the name of the company.
Allwaste, which preforms air-moving and related services,
said it will swap shares of its common, valued... | Corporate News |
EXXON <XON> MAY CLOSE ONE FRENCH REFINERY
| Exxon Corp, the world's largest oil
company, said in a published interview today that it was
reviewing its worldwide refinery operations and might decide to
close on of its french refineries.
Lee R. Raymond, Exxon's new president, singled out the
possibility of a closure of one of Exxon's refineries in ... | Corporate News |
ITALY STANCE ON EC OILS TAX NOT ENCOURAGING-ASA
| Italy's response to protests by U.S.
Soybean producers about the proposed European Community (EC)
tax on vegetable oils and fats had not been encouraging,
American Soybean Association (ASA) board chairman George
Fluegel said.
Fluegel, heading one of three U.S. Soybean producer
delegations currently on... | Corporate News |
ISRAEL'S FIVE-YEAR PLAN TO BOOST AGRICULTURE
| Israel has drawn up a five-year plan
for 1987-1991 to raise agricultural production by 500 mln dlrs
to 2.7 billion dlrs, an annual rise of 3.4 pct, the Israeli
Ministry of Agriculture said. Agricultural exports are to be
increased by 180 mln dlrs, or 4.8 pct per year on average.
The area planted to cott... | Commodities and Trade |
SOROS GROUP HAS B.F. GOODRICH <GR> STAKE
| An investor group led by New York
investor George Soros said it acquired a 6.1 pct stake in B.F.
Goodrich Co common stock as an investment.
The group said it paid about 69 mln dlrs for the 1,389,600
Goodrich shares, which are being held by Quantum Fund N.V., a
Netherlands Antilles investment firm advise... | Commodities and Trade |
BALDRIGE PREDICTS SOLID U.S. HOUSING GROWTH
| Commerce Secretary Malcolm Baldrige
predicted 1987 will be the fifth successive year for growth in
housing starts after a 2.6 pct rise overall in February starts
to a seasonally adjusted annual rate of 1.851 mln units.
"This year should be the fifth solid year in a row for
homebuilding activity -- with ... | Corporate News |
TAFT BROADCASTING SAYS IT WILL CONTINUE TO REVIEW OPTIONS IN RESPONSE TO LATEST BID
|
TAFT BROADCASTING SAYS IT WILL CONTINUE TO REVIEW OPTIONS IN RESPONSE TO LATEST BID
| Financial Reports |
COURT ENJOINS ZICO INVESTMENT'S TENDER FOR BANCROFT CONVERTIBLE FUND
|
COURT ENJOINS ZICO INVESTMENT'S TENDER FOR BANCROFT CONVERTIBLE FUND
| Financial Reports |
STEINHARDT GROUP HAS 6.6 PCT OF HOLIDAY <HIA>
| A group led by New York investor
Michael Steinhardt told the Securities and Exchange Commission
it bought a 6.6 pct stake in Holiday Corp common stock as an
investment.
The group said it paid 114 mln dlrs for its 1.6 mln Holiday
shares, 530,000 of which were bought since Feb. 6.
At the same time, ... | Financial Reports |
SCOR U.S. CORP <SURE> 4TH QTR NET
| Oper shr 29 cts vs 22 cts
Oper net 3.9 mln vs 1.8 mln
Year
Oper shr 63 cts vs four cts
Oper net 10.1 mln vs 855,000
NOTE: Excludes gain one ct per share vs loss two cts in the
quarter, and gain 41 cts per share vs gain six cts in the year
from investments. Also excludes extraordinary... | Financial Reports |
GENSTAR SALE BOOSTS BELGIAN SOCIETE GENERALE NET
| Societe Generale de Belgique <BELB.BR>
said the near doubling of net profits in 1986 was due in large
part to the sale of shares in Genstar Corp.
The company, which announced a net non-consolidated profit
of 5.31 billion francs compared with 2.82 billion in 1985, said
its current profits rose by 19 p... | Corporate News |
WESTERBEKE CORP <WTKB> 1ST QTR JAN 31 LOSS
| Shr loss 11 cts vs profit six cts
Net loss 217,200 vs profit 83,200
Revs 3,564,200 vs 3,171,900
Avg shrs 2,033,750 vs 1,334,950
| Commodities and Trade |
U.S. HOUSE TARGETING PROPOSAL SPARKS INTEREST
| A proposal by two U.S. House
Democrats to target government farm benefits to small- and
medium-sized farms was warmly received by Democrats on a
House subcommittee today.
"On balance, this is the best new idea I have seen," said
Rep. Dan Glickman (D-Kan.), Chairman of the House Agriculture
Subcommitte... | Corporate News |
EC TO MULL NEW DURUM WHEAT INTERVENTION RULES
| The European Commission is to consider
proposed new higher minimum standards for sales of durum wheat
into intervention stores, European Community sources said.
They said a document drawn up by Commission officials
proposes a reduction in the maximum humidity level to 13 pct
from 14, an increase in the ... | Other |
COURT ENJOINS TENDER FOR BANCROFT <BTV>
| Bancroft Convertible Fund said the
U.S. District Court for the District of New Jersey issued a
preliminary injunction, enjoining <Zico Investment Holding
Inc's> tender offer for Bancroft.
It said the Court order prevents Zico from buying any
shares tendered to them during the offer, which began on Fe... | Corporate News |
ZAMBIAN EXCHANGE AUCTION TO RESUME AT END OF MARCH
| Zambia will reintroduce a modified
foreign exchange auction at the end of this month as part of a
new two-tier exchange rate, central bank governor Leonard
Chivuno said.
Chivuno told a press conference at the end of three weeks
of negotiations with the International Monetary Fund (IMF) that
there woul... | Corporate News |
JAMESWAY CORP <JMY> 4TH QTR JAN 31 NET
| Shr primary 64 cts vs 45 cts
Shr diluted 60 cts vs 44 cts
Net 4,524,000 vs 3,212,000
Revs 202.5 mln vs 171.9 mln
Avg shrs primary 7,112,480 vs 7,052,964
Avg shrs diluted 8,034,223 vs 8,008,763
Year
Shr primary 1.70 dlrs vs 1.31 dlrs
Shr diluted 1.65 dlrs vs 1.30 dlrs
... | Market and Economy |
TAFT <TFB> TO CONTINUE TO REVIEW ALTERNATIVES
| Taft Broadcasting Co said its
board continues to explore alternatives, such as a possible
financial restructuring, in response to a Theta Corp offer of
150 dlrs per share for Taft stock.
Last week Taft rejected a 145 dlr-a-share bid by Theta, an
investment group headed by Taft's vice chairman, Dudley Ta... | Corporate News |
LAWSON OIL TAX BREAKS TO HELP NEW FIELDS - REVENUE
| Two new U.K. Tax relief measures for oil
producers, announced today, are aimed at encouraging
developments in the North Sea to go ahead and boost
opportunities for the offshore supplies industry, the Inland
Revenue said in a post-budget statement.
Earlier, Chancellor of the Exchequer Nigel Lawson announ... | Financial Reports |
SHONEY'S INC <SHON> 1ST QTR FEB 15 NET
| Shr 31 cts vs 27 cts
Qtly div four cts vs four cts prior
Net 11.4 mln vs 9,905,528
Revs 194.3 m ln vs 171.7 mln
Note: Qtly div is payable April 22 to shareholders of
record April three.
| Financial Reports |
ATT-PHILIPS BID FOR CGCT OUTLINED
| American Telephone and Telegraph Co and
Philips Telecommunications BV (APT) would hold 36 pct through
direct and indirect holdings in France's <Cie Generale de
Constructions Telephoniques> if a joint bid with French
partners for the soon-to-be-privatised firm succeeds, a
director at one of the partner fi... | Market and Economy |
ANALYSTS SEE EARLY ONE POINT CUT IN U.K. BASE RATE
| British bank base lending rates are
likely to fall by as much as one full point to 9-1/2 pct this
week following the sharp three billion stg cut in the U.K.
Central government borrowing target to four billion stg set in
today's 1987 budget, bank analysts said.
The analysts described Chancellor of the Ex... | Financial Reports |
TOUSSIE GROUP SELLS HECK'S <HEX> SHARES
| A shareholder group led by New York
investor Robert Toussie told the Securities and Exchange
Commission it sold off most of its holdings in Heck's Inc
common stock but reserved the right to again seek control of
the company in the future.
The group, which includes the Edward A. Viner and Co
brokerage,... | Financial Reports |
CYCLOPS <CYL> HOLDER WITHDRAWS TAKEOVER MOTION
| <Dixons Group PLC>, which is in a
battle with <CYACQ Corp> for control of Cyclops Corp, said a
Cyclops shareholder had agreed to withdraw a motion in U.S.
District Court to prevent Dixons from completing its tender
offer for Cyclops, which expires 2400 EST today.
Dixons did not name the shareholde... | Market and Economy |
<NOMA INDUSTRIES LTD> YEAR NET
| Shr 72 cts vs 58 cts
Net 20.8 mln vs 14.9 mln
Revs 328.7 mln vs 239.8 mln
Avg shrs 28.9 mln vs 25.7 mln
Note: Prior year shr restated for June, 1986 two-for-one
stock split
| Financial Reports |
FIRM HAS COOPERVISION <EYE> STOCK, WILL BUY MORE
| Siebel Capital Management Inc, a
California investment adviser, told the Securities and Exchange
Commission (SEC) it bought 1.3 mln CooperVision Inc common
shares or 5.9 pct of the total outstanding.
In its SEC filing, the firm said it "intends to acquire more
stock and may attempt to influence manageme... | Financial Reports |
AMERICAN CYANAMID <ACY> BUYS U.K. COMPANY
| American Cyanamid Co said it bought
the 50 pct interest of Cyanamid Fothergill Ltd held by
<Fothergill and Harvey PLC>, making the unit a wholly owned
subsidiary.
The unit manufactures structural materials, including
advanced composites, adhesives, and aluminum honeycomb for the
European space indu... | Commodities and Trade |
NOEL INDUSTRIES INC <NOL> 1ST QTR JAN 31 LOSS
| Shr loss 26 cts vs loss 12 cts
Net loss 289,649 vs loss 138,372
Revs 5,944,286 vs 5,902,074
| Financial Reports |
GROUP BOOSTS GELCO <GEL> STAKE TO 8.2 PCT
| An investor group including New
York-based Mutual Shares Corp and Mutual Qualified Income Fund
Inc told the Securities and Exchange Commission it raised its
stake in Gelco Corp common stock to 575,859 shares or 8.2 pct
of the total outstanding.
The group said its most recent purchases included 241,000
... | Other |
OSHMAN'S SPORTING GOODS INC <OSHM> 4TH QTR NET
| Qtr ended Jan 31
Shr 92 cts vs 1.28 dlrs
Net 5,415,000 vs 7,730,000
Revs 114.2 mln vs 112.9 mln
Avg shrs 5,864,000 vs 6,030,000
Year
Shr 45 cts vs 1.40 dlrs
Net 2,664,000 vs 8,536,000
Revs 322.9 mln vs 312.3 mln
Avg shrs 5,885,000 vs 6,105,000
Note: Ne... | Market and Economy |
UNIVERSITY PATENTS INC <UPT> 2ND QTR JAN 31 NET
| Oper shr 24 cts vs 19 cts
Oper net 1,096,332 vs 794,711
Revs 803,085 vs 442,420
Six mths
Oper shr 53 cts vs 43 cts
Oper net 2,375,844 vs 1,741,437
Revs 1,471,257 vs 768,683
NOTE: Prior year excludes income from discontinued
operations of 19 cts per share in the quarter and ... | Other |
FREEDOM FEDERAL <FRFE> SETS INITIAL PAYOUT
| Freedom Federal Savings Bank
said it voted its first cash dividend of 10 cts a share,
payable April 10, record March 31.
The 1987 annual dividend will be 40 cts a share, it said.
| Other |
HOSPITAL STAFFING SERVICES <HSSI> 1ST QTR NET
| Qtr ends Feb 28
Shr six cts vs three cts
Net 189,683 vs 80,499
Revs 2,874,930 vs 2,594,474
NOTE: Full name Hospital Staffing Services Inc.
Prior year includes extraordinary gain of one ct per share.
| Other |
DOLLAR VALUE APPROPRIATE, BUNDESBANK OFFICIAL SAYS
| The dollar is near appropriate levels
against European currencies and the yen, and a further fall
could damage confidence in the currency while endangering world
economic growth, a top Bundesbank official said.
Board member Leonhard Gleske also told a Forex Association
conference current exchange rates ... | Other |
PLAINS <PLNS> POSTS RESERVES INCREASES
| Plains Resources Inc said that as
of December 31, its estimated proved oil and gas reserves rose
by 27 pct to 5.43 mln barrels from 4.27 mln barrels and proved
developed reserves rose 16 pct to four mln barrels from 3.45
mln barrels a year ago.
The company said its year end reserves did not include the
... | Financial Reports |
OSHMAN'S <OSHM> CITES WEAK REGIONAL ECONOMIES
| Oshman's Sporting Goods Inc said
earnings for the fourth quarter ended January 31 were affected
by the weak economies of Texas, Oklahoma and Louisiana,
resulting in a drop in net earnings to 5,415,000 dlrs or 92 cts
a share from 7,730,000 dlrs or 1.28 dlrs a share for the
year-ago quarter.
The company... | Other |
CHINA CROP WEATHER SUMMARY -- USDA/NOAA
| Light, scattered showers covered
winter wheat areas in the North China Plain in the week ended
March 14, moistening topsoils for wheat, just breaking dormancy
in most central and northern areas, the Joint Agricultural
Weather Facility of the U.S. Agriculture and Commerce
Departments said.
In its Inter... | Other |
WORTHINGTON INDUSTRIES INC <WTHG> 3RD QTR NET
| Qtr ended Feb 28
Shr 24 cts vs 24 cts
Net 10.0 mln vs 10.1 mln
Revs 202.8 mln vs 184.6 mln
Nine mths
Shr 66 cts vs 67 cts
Net 27.3 mln vs 27.6 mln
Revs 588.2 mln vs 539.2 mln
Note: 1986 shr data adjusted for 3-for-2 stock split paid
October 1986.
| Other |
BRAZIL CROP WEATHER SUMMARY -- USDA/NOAA
| Wet weather covered Rio Grande do
Sul, Brazil in the week ended March 14, benefitting soybeans
which are mostly setting to filling pods, the Joint
Agricultural weather Facility of the U.S. Agriculture and
Commerce Departments said.
In its International Weather and Crop Summary, the agency
said minimal... | Financial Reports |
U.S. WARNS OF DEPENDENCE ON FOREIGN OIL
| A White House-ordered report said
that growing U.S. reliance on foreign oil into the year 2000
could have potentially damaging implications for national
security.
The Energy Department study discusses several options to
curb reliance on foreign oil, but makes no recommendations.
President Reagan ... | Commodities and Trade |
VTX ELECRONICS <VTX> SETS SDTOCK SPLIT
| VTX Electronics Corp said its
board declared a five-for-four stock split, payable April Nine
to holders of record March 27.
| Commodities and Trade |
COASTAL (CGP) SEES INCREASE IN 1987 PROFITS
| Coastal Corp said it expected earnings
for 1987 "to be significantly above" profits of 71.6 mln dlrs
last year.
In a letter to shareholders appearing in the company's
newly-issued 1986 annual report, Coastal chairman Oscar Wyatt
did not elaborate on how much earnings were expected to
increase.
T... | Corporate News |
(REPAP ENTERPRISES CORP INC) 4TH QTR NET
| Shr profit 26 cts vs loss nine cts
Net profit 10.3 mln vs loss 1.0 mln
Revs 208.2 mln vs 123.3 mln
Year
Shr profit 38 cts vs profit nine cts
Net profit 13.0 mln vs profit 2.8 mln
Revs 635.5 mln vs 429.3 mln
Note: 1986 full year results include extraordinary loss of
one mln ... | Corporate News |
NORSTAR <NOR> SETS ACQUISITION FOR STOCK
| Norstar Bancorp said it has agreed
in principle to acquire United National Bank of Callicoon,
N.Y., by exchanging three Norstar common shares for each of the
201,660 United shares outstanding.
Based on the recent price of Norstar's stock, it said, the
proposed tax-free exchange would have a market value... | Corporate News |
U.S OIL TAX WOULD NOT AFFECT PDVSA-CHAMPLIN DEAL
| an eventual oil import fee in the
united states will make no difference to champlin petroleum
corp's joint venture agreement signed today with petroleos de
venezuela (pdvsa), champlin chairman william adams said.
"this was an aspect which was discussed at length during the
negotiations, but we can say o... | Financial Reports |
LYNG TO MEET WITH EXPORTERS, EEP LIKELY TOPIC
| Secretary of Agriculture Richard
Lyng will meet with representatives from major grain exporting
companies today, and the subject of subsidized wheat to the
Soviet Union will likely be discussed, an aide to Lyng said.
Today's meeting, set to begin at 1500 EST (2000 gmt), was
scheduled at the request of t... | Corporate News |
ICCO GROUP LOOKS AT COCOA BUFFER STOCK RULE PLAN
| The International Cocoa Organization,
ICCO, buffer stock working group began examining a draft
proposal for buffer stock rules this afternoon, delegates said.
The plan, presented by ICCO Executive Director Kobena
Erbynn, represented a compromise between producer, European
Community, EC, and other consum... | Corporate News |
VTX ELECTRONICS CORP <VTX> 4TH QTR NET
| Shr 10 cts vs 11 cts
Net 255,000 vs 242,000
Sales 7,166,000 vs 6,486,000
Avg shrs 2,438,000 vs 2,118,000
Year
Shr 50 cts vs 40 cts
Net 990,000 vs 849,000
Sales 29.0 mln vs 22.8 mln
Avg shrs 1,972,000 vs 2,118,000
NOTE: Share adjusted for five-for-four stock split ... | Corporate News |
MORTGAGE GROWTH INVESTORS <MTG> 1ST QTR FEB 28
| Shr 36 cts vs 37 cts
Net 2,751,000 vs 2,179,000
Qtly div 40 cts vs 40 cts prior
Avg shrs 7,699,241 vs 5,943,341
NOTE: Dividend payable April 10 to shareholders of record
March 30.
| Corporate News |
SHONEY'S INC <SHON> 1ST QTR FEB 15 NET
| Shr 31 cts vs 27 cts
Net 11.4 mln vs 9,905,528
Revs 194.3 mln vs 171.7 mln
Avg shrs 36.6 mln vs 36.4 mln
NOTE: Sixteen-week periods.
| Corporate News |
FORTUNE SAVINGS TO BUY FINANCIAL <FSSL> BRANCH
| <Fortune Savings Bank> said it
agreed to buy the deposits and assume the leasehold of a
Financial Security Savings and Loan Association <FSSL> branch
here.
Terms of the agreement were not disclosed.
Fortune said the agreement is subject to regulatory
approval. It also said that if the transa... | Financial Reports |
GULF ARAB MINISTERS DISCUSS ECONOMIC COOPERATION
| Finance and economy ministers of the
Gulf Cooperation Council (GCC) opened a two- day meeting to
discuss further economic integration, officials said.
They said issues to be discussed by the ministers from
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab
Emirates (UAE) would include a reco... | Financial Reports |
PHOTOGRAPHIC SCIENCIES CORP <PSCX> 4TH QTR LOSS
| Oper shr loss six cts vs profit four cts
Oper net loss 165,000 vs profit 83,000
Sales 2,413,000 vs 921,000
Avg shrs 2,908,770 vs 2,203,462
Year
Ope shr profit five cts vs profit five cts
Oper net profit 124,000 vs profit 106,000
Sales 5,652,000 vs 1,623,000
Avg shrs 2,3... | Corporate News |
SOUTH AFRICA CROP WEATHER SUMMARY -- USDA/NOAA
| Dry weather pushed further into
South Africa's Orange Free State's Maize Triangle in the week
ended March 14, the Joint Agricultural Weather Facility of the
U.S. Agriculture and Commerce Departments said.
In a summary of its Weather and Crop Bulletin, the agency
said scattered showers continued througho... | Financial Reports |
PUEBLO INTERNATIONAL INC <PII> 4TH QTR JAN 31
| Shr 56 cts vs 46 cts
Net 2,005,000 vs 1,685,000
Sales 189.8 mln vs 156.0 mln
Avg shrs 3,603,000 vs 3,614,000
Year
Shr 1.88 dlrs vs 1.77 dlrs
Net 6,774,000 vs 6,587,000
Sales 692.1 mln vs 596.8 mln
Avg shrs 3,604,000 vs 3,713,000
NOTE: Net includes tax credits of 2... | Financial Reports |
HRE PROPERTIES <HRE> 1ST QTR JAN 31 NET
| Shr 38 cts vs 47 cts
Net 2,253,664 vs 2,806,820
Gross income 5,173,318 vs 5,873,904
NOTE: Net includes gains on sale of real estate of 126,117
dlrs vs 29,812 dlrs.
| Corporate News |
PHOTOGRAPHIC SCIENCES CORP <PSCX> 4TH QTR
| Shr loss 25 cts vs profit three cts
Net loss 713,000 vs profit 69,000
Revs 2.4 mln vs 921,000
Six months
Shr loss 24 cts vs profit six cts
Net loss 572,000 vs profit 120,000
Revs 5.7 mln vs 1.6 mln
NOTE:To effect change from fiscal to calendar year, company
reported results... | Financial Reports |
WORLD CROP WEATHER SUMMARY -- USDA/NOAA
| Dry weather covered most European
crop areas in the week ended March 14, except for those in
southwestern France, southern Italy, and Greece, the Joint
Agricultural Weather Facility of the U.S. Agriculture and
Commerce Departments said.
In its International Weather and Crop sumary, the agency
said mix... | Financial Reports |
FEDERAL PAPER BOARD CO <FBT> SETS PAYOUT
| Qtly div 17-1/4 cts vs 17-1/4 cts prior
Pay April 15
Record March 31
| Financial Reports |
SHONEY'S INC <SHON> SETS PAYOUT
| Qtly div four cts vs four cts prior
Pay April 22
Record April Three
| Corporate News |
ANALYSTS SAY U.K. BUDGET POINTS TO BASE RATE CUTS
| Chancellor of the Exchequer Nigel
Lawson's Budget speech was described as sound and well balanced
by analysts, if slightly lacking in excitement.
A cut in bank base lending rates is now widely expected
tomorrow, with most forecasts predicting a half-point fall. A
follow-up half-point cut is anticipated ... | Financial Reports |
TAFT <TFB> STOCK RISES ON PROPOSAL
| Taft Broadcasting Co stock rose almost
three points today as its vice chairman and an investment group
proposed to sweeten a takeover offer for the company.
However, several arbitragers said they would shy away from
the stock at its current price levels since it is unclear how
high bidding for the compa... | Financial Reports |
BANK OF FRANCE SEES CONTINUED INDUSTRIAL PICKUP
| The Bank of France expects a continued
revival in short-term industrial activity, but the outlook for
any improvement in France's record 10.9 pct unemployment rate
remains bleak, the Bank of France said in its monthly review.
The upturn in activity in all industrial sectors except the
agro-food sector i... | Corporate News |
HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
|
HERRINGTON SAYS HE MAY RECOMMEND TAX BENEFITS FOR U.S. OIL INDUSTRY
| Corporate News |
HERRINGTON SAYS HE MAY CALL FOR OIL TAX BENEFITS
| Energy Secretary John Herrington
said he may recommend to the White House that the domestic oil
industry be given tax benefits to help it produce more oil and
head off increasing U.S. dependence on foreign oil.
He said also at a news conference that he would recommend
to the White House that the fill ra... | Financial Reports |
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