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SENSORMATIC ELECTRONICS CORP <SNSR> 3RD QTR NET
| Feb 28 end
Shr profit 11 cts vs loss 37 cts
Net profit 3,027,000 vs loss 10.4 mln
Revs 22.3 mln vs 19.9 mln
Avg shrs 28.6 mln vs 29.0 mln
Nine mths
Shr profit 34 cts vs loss 22 cts
Net profit 9,560,000 vs loss 6,072,000
Revs 71.9 mln vs 64.7 mln
Avg shrs 28.5 mln ... | Financial Reports |
U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
| A total 60,500 tonnes of current series
white sugar received export rebates of a maximum 44.819
European Currency Units (Ecus) per 100 kilos at today's
European Community (EC) tender, the U.K. Intervention Board
said.
Out of this, traders in France received 18,000 tonnes, in
Denmark 15,000, in West Ge... | Financial Reports |
ANACOMP <AAC> ACQUIRES DATAGRAPHIX
| Anacomp Inc said it acquired
the common stock of DatagraphiX Inc from General Dynamics Corp
<GD> for about 128 mln dlrs.
It said the purchase will be financed with a combination of
a new bank credit agreement and through private placement of
senior subordinated notes and convertible preferred stock.
... | Corporate News |
WINNEBAGO INDUSTRIES INC <WGO> 2ND QTR NET
| Period ended February 28
Shr 25 cts vs 25 cts
Net 6,292,000 vs 6,340,000
Sales 97.0 mln vs 87.0 mln
Six mths
Shr 36 cts vs 28 cts
Net 9,122,000 vs 7,053,000
Sales 193.2 mln vs 168.6 mln
NOTE: 1986 period ended March One
| Corporate News |
CATTLE BEING PLACED ON FEED LIGHTER THAN NORMAL
| Most of the cattle now being placed on
U.S. feedlots weigh less than normal and likely will remain on
feed longer, spreading out marketings and supporting cattle
prices through the summer because of reduced beef supply.
The prospect of so many cattle remaining on feed for a
longer time blunted the marke... | Financial Reports |
N.Y. COCOA TRADERS STILL CAUTIOUS ON ICCO
| New York cocoa traders reacted with
caution to today's developments at the International Cocoa
Organization talks in London, saying there is still time for
negotiations to break down.
"I would be extremely cautious to go either long or short
at this point," said Jack Ward, president of the cocoa trading... | Financial Reports |
REAGAN UPBEAT ABOUT LATEST GNP FIGURES
| President Reagan said the 1.1 pct
U.S. economic growth rate during the final quarter of 1986
"wasn't all that bad."
The Commerce Department said the rate of growth of the
Gross National Product in the October-December period was only
slightly less than a preliminary estimate of 1.3 pct made
earlier.
... | Financial Reports |
PENWEST LTD <PENW> 2ND QTR ENDS FEB 28 NET
| Shr 85 cts vs 24 cts
Net 2,381,000 vs 754,000
Revs 35.3 mln vs 32.6 mln
Avg shrs 2,777,620 vs 3,161,603
Six mths
Shr 1.35 dlrs vs 44 cts
Net 3,756,000 vs 1,388,000
Revs 65.8 mln vs 64.3 mln
Avg shrs 2,777,620 vs 3,161,603
| Financial Reports |
SIERRA SPRING WATER CO <WTR> 4TH QTR LOSS
| Shr loss 10 cts vs profit six cts
Net loss 986,000 vs profit 576,000
Rev 9.6 mln vs 9.1 mln
Year
Shr loss seven cts vs profit 27 cts
Net loss 714,000 vs profit 2,299,000
Rev 42.8 mln vs 34.6 mln
| Commodities and Trade |
GELCO <GEL> TO SELL CANADIAN COURIER UNIT
| Gelco Corp said it signed a letter
of intent to sell its Canadian courier unit, Gelco Express Ltd,
to Air Canada for about 54 mln dlrs (U.S.).
It said consummation of the transaction depends on
execution of a definitive agreement, which is expected in May.
As part of its restructuring plan, Gelco ha... | Other |
SYNTHETECH <NZYM> ENDS SOUTHWEST PHOTO TALKS
| Synthetech Inc said it
discontinued negotiations on acquiring Southwest Photo chem Inc
of Pomona, Calif.
The company cited "irreconcilable differences" in the
financial structure of the deal.
It said Southwest Photo proposed a significant change in
terms outlined in the letter of intent signed las... | Other |
RANCO <RNI> HOLDERS APPROVE MERGER
| Ranco Inc said shareholders at a
special meeting approved a merger into <Siebe PLC> for 40 dlrs
per share.
| Financial Reports |
FARMERS GROUP INC <FGRP> 4TH QTR NET
| Shr 80 cts vs 72 cts
Net 55,513,000 vs 48,741,000
Revs 290.9 mln vs 264.2 mln
Year
Shr 3.09 dlrs vs 2.72 dlrs
Net 213,470,000 vs 184,649,000
Revs 1.12 billion vs 992.9 mln
Avg shrs 69,127,000 vs 68,004,000
| Corporate News |
AMERICAN PHYSICIANS SERVICE <AMPH> 4TH NET
| Shr profit five cts vs profit two cts
Net profit 268,000 vs profit 134,000
Revs 6,951,000 vs 5,938,000
12 mths
Shr profit 14 cts vs loss 11 cts
Net profit 801,000 vs loss 623,000
Revs 24.6 mln vs 24.3 mln
NOTE: full name of company is american physicians service
group inc.
... | Financial Reports |
AIR CANADA TO COMMENT ON GELCO<GEC> UNIT REPORT
| State-owned Air Canada said it will
make a statement at 1100 EST concerning a published report that
the airline has agreed to acquire Gelco Corp's Canadian unit,
Gelco Express Ltd, an Air Canada spokesman said.
The spokesman declined to comment on the Toronto Globe and
Mail report when queried.
Th... | Corporate News |
PHILIP CROSBY <PCRO> SEES LOWER 4TH QTR RESULTS
| Philip Crosby Associates Inc
said it expects its audited results for 1986's fourth quarter
to be lower than its previously estimated 10 to 15 cts per
share.
Philip Crosby Jr, executive vice president, said normal
accounting adjustments, as well as a review of the company's
international operations due... | Market and Economy |
GENZYME CORP <GENZ> 4TH QTR NET
| Shr profit three cts vs loss 44 cts
Net profit 247,000 vs loss 2,410,000
Revs 3,845,000 vs 3,264,000
Avg shrs 8,743,000 vs 5,507,000
Year
Shr profit one ct vs loss 53 cts
Net profit 41,300 vs loss 2,840,000
Revs 13.0 vs 9,767,000
Avg shrs 7,497,000 vs 5,384,000
NO... | Commodities and Trade |
INFORMATION SOLUTIONS INC <ISOL> 1ST QTR JAN 31
| Shr two cts vs six cts
Net 43,295 vs 147,724
Revs 3,787,507 vs 4,000,019
| Corporate News |
FAIRCHILD INDUSTRIES <FEN> SETS REGULAR PAYOUT
| Qtrly div five cts vs five cts
Pay Apirl 10
Record March 30
| Corporate News |
ALFA LAVAL AB <ALFS.ST> 1986 YEAR
| Group profit after financial income and expenses 731 mln
Crowns vs 651 mln
Sales 10.15 billion crowns vs 10.05 billion
Profit per share after full taxes - 31.80 crowns vs 30
Crowns
Proposed dividend - 11 crowns vs 10 crowns.
| Corporate News |
SPECTRUM CONTROL INC <SPEC> SETS QUARTERLY
| Qtly div 1-3/4 cts vs 1-3/4 cts prior
Pay April 15
Record April One
| Commodities and Trade |
ICELAND TO PRIVATISE STATE BANK UTVEGSBANKI
| The Icelandic government said it will
privatise the state-owned bank Utvegsbanki, the country's
second largest. Parliament also granted an 800 mln crown cash
infusion to ease cash flow problems that arose when the bank
lost 600 mln crowns in a shipping firm bankruptcy two years
ago.
Utvegsbanki direct... | Corporate News |
GENOVESE DRUG STORES INC <SPEC> SETS QUARTERLY
| Qtly div five cts vs five cts prior
Pay April 20
Record April 13
| Financial Reports |
STUDY SHOWS ONLY LIMITED OPTIMISM FOR SILVER
| Silver looks "unlikely to break out of
gold and platinum's shadow" in the near future, although this
year is likely to see demand increasing at a faster rate than
supply, a study by Credit Suisse said.
The study predicted demand rising by 300 tonnes to 13,200
tonnes this year, against a 50 tonne increas... | Corporate News |
ANIMED INC <VETS> 1ST QTR JAN 31 LOSS
| Shr loss six cts vs profit three cts
Net loss 368,188 vs profit 149,334
Revs 3,9i3,523 vs 4,129,240
| Corporate News |
ANIMED <VETS> EXPECTS TO TURN PROFITABLE
| ANIMED Inc said it expects to
return to profitability during the current year.
Today it reported a loss for the first quarter ended in
January of 368,188 dlrs compared with a 149,334 dlr profit a
year before.
| Financial Reports |
CROWN AUTO INC <CRNI> 4TH QTR DEC 27 LOSS
| Shr loss 14 cts vs loss 31 cts
Net loss 144,522 vs loss 334,890
Revs 10,019,828 vs 9,021,835
Year
Shr loss 16 cts vs profit 10 cts
Net loss 170,177 vs profit 105,090
Revs 36.8 mln vs 36.1 mln
Avg shrs 1,068,850 vs 1,074,624
NOTE: 1985 period ended December 28
1985... | Commodities and Trade |
UNION VALLEY CORP <UVC> 4TH QTR NET
| Shr 20 cts vs 34 cts
Net 797,000 vs 1,137,000
Rev 22.2 mln vs 18.2 mln
Avg shares 3,966,667 vs 3,366,667
Year
Shr 73 cts vs one dlr
Net 2,625,000 vs 3,371,000
Rev 69.6 mln vs 62.9 mln
Avg shares 3,583,653 vs 3,366,667
NOTE: 1986 includes extraordinary gain of 281,... | Financial Reports |
GENERAL DEVICES INC <GDIC> YEAR NET
| Shr profit 48 cts vs loss 21 cts
Net profit 1,308,503 vs loss 561,384
Revs 56.0 mln vs 66.1 mln
NOTE: 1986 net includes pretax gain 2,429,563 dlrs from
sale of Worldwide Computer Services Inc subsidiary and 352,000
dlr tax credit.
| Commodities and Trade |
DEUTSCHE BABCOCK TO INCREASE DIVIDEND IN 1986/87
| Deutsche Babcock AG
<DBCG.F> will increase its dividend on results in the year
ending September 30, 1987, chief executive Helmut Wiehn said.
Wiehn told a news conference Deutsche Babcock would double
the absolute amount it distributes to shareholders. This
overall increase would also be due partly to... | Corporate News |
EXOVIR <XOVR> SELLS STOCK FOR 2.8 MLN DLRS
| Exovir Inc said it sold to an
investor group led by Mark Hammer 200,000 shares of company
common stock and warrants to purchase an additional 200,000
shares.
Exovir said the transaction increases the group's stake
from 12.9 pct to 18.5 pct.
The net proceeds to the company total 2.8 mln dlrs, the
... | Market and Economy |
BRAD RAGAN INC <BRD> SETS QUARTERLY
| Qtly div three cts vs three cts prior
Pay May 4
Record April 3
| Corporate News |
<BASTIAN INDUSTRIES INC> 2ND QTR JAN 31 LOSS
| Net loss 1,321,000 vs loss 1,397,000
Sales 31.1 mln vs 29.2 mln
1st half
Net loss 94,000 vs loss 1,745,000
Sales 63.0 mln vs 61.9 mln
NOTE: Company recently went private.
Latest quarter net includes 24,000 dlr tax credit.
Current half net includes gain 2,041,000 dlrs pretax f... | Commodities and Trade |
U.K. BASE RATES WILL FALL AGAIN SOON, SAY ANALYSTS
| Today's modest half-point cut in U.K.
Bank base lending rates to 10 pct signals the Bank of England's
determination to maintain a cautious monetary stance, but
financial markets appear set to force its hand, analysts said.
They said a further half-point cut in base rates to 9-1/2
pct was bound to occur ... | Corporate News |
COMMERCIAL NATIONAL CORP <CNCL> CUTS QUARTERLY
| Commercial National Corp said
it cut its quarterly dividend to 15 cts per share from 25 cts
due to current expectations for 1987 earnings.
The company said the dividend is payable April 10 to
holders of record March 31.
| Financial Reports |
TIMBERLAND INDUSTRIES INC <TIMB> 4TH QTR NET
| Shr 14 cts vs 22 cts
Net 188,000 vs 307,000
Sales 14.6 mln vs 12.1 mln
Year
Shr 44 cts vs 63 cts
Net 600,000 vs 852,000
Sales 51.0 mln vs 45.7 mln
| Commodities and Trade |
<MUNICIPAL FINANCIAL CORP> 1ST QTR JAN 31 NET
| Shr 34 cts vs 22 cts
Net 1,280,185 vs 875,692
Revs 19.0 mln vs 15.8 mln
Assets 585.6 mln vs 469.1 mln
| Financial Reports |
PAKISTAN-SWEDISH GOODS EXCHANGE AGREED
| Pakistan and Sweden have signed a
commodity exchange agreement for 88 mln dlrs each way, the
Pakistan government announced.
Pakistan's exports under the agreement will include raw
cotton, cotton products, cotton textiles, steel products,
molasses, naphtha and fresh and dried fruits.
Swedish export... | Corporate News |
PEAT MARWICK AND NOLAN NORTON TO MERGE
| <Peat Marwick>, an accounting and
management consulting firm, and <Nolan, Norton and Co>, an
information and technology planning concern, said they have
merged.
The companies said with the merger Nolan now will be known
as Nolan, Norton and Co-partners, the information technology
arm of Peat Mar... | Financial Reports |
TRUS JOIST <TJCO> TO ACQUIRE CANADIAN FIRM
| Trus Joist Corp said it agreed to
purchase Dashwood Industries Ltd, a Canadian wood window and
patio door manufacturer, for an undisclosed amount of cash.
Trus Joist said it expects to close the transaction before
June 30.
| Commodities and Trade |
KINDER-CARE <KNDR> SEES HIGHER EARNINGS IN 1987
| Kinder-Care Inc projected its
1987 earnings to be 44 mln dlrs.
Richard Grassgreen, president of the company, said earnings
per share are expected to be between 97 cts and one dlr in
comparison to 75 cts earnings per share for the fiscal year
ended August 29, 1986, and 80 cts for the trailing 12 months
... | Corporate News |
ROBBINS AND MYERS INC <ROBN> 2ND QTR FEB 28 NET
| Shr profit 11 cts vs loss 1.45 dlrs
Net profit 267,000 vs loss 3,458,000
Sales 23.6 mln vs 23.0 mln
First half
Shr loss 27 cts vs loss 1.91 dlrs
Net loss 633,000 vs loss 4,548,000
Sales 46.2 mln vs 49.7 mln
Avg shrs 2,382,000 vs 2,381,000
Backlog 26.1 mln vs 36.0 mln
... | Financial Reports |
ECONOMIC SPOTLIGHT - JAPAN SHIPBUILDERS RECOVERY
| Japan's ailing shipbuilding industry
plans to refloat itself in a few years from the twin rocks of
recession and a strong yen through capacity and workforce cuts
and greater use of computers, industry sources told Reuters.
The salvage measures, which include a government-sponsored
rationalisation progra... | Corporate News |
CONT'L ILLINOIS SAYS BRAZIL MORATORIUM COULD CUT 1ST QTR NET BY 10 MLN DLRS
|
CONT'L ILLINOIS SAYS BRAZIL MORATORIUM COULD CUT 1ST QTR NET BY 10 MLN DLRS
| Corporate News |
FED EXPECTED TO ADD RESERVES IN MONEY MARKET
| The Federal Reserve is expected to
enter the U.S. Government securities market to add temporary
reserves indirectly via 1.5 billion dlrs or more of customer
repurchase agreements, economists said.
They said the below-six pct Federal funds rate suggests the
Fed does not have a large reserve adding need. ... | Market and Economy |
SURALCO BAUXITE REFINERY REOPENED
| The 1.4 mln tonnes capacity bauxite
refinery at Paranam in Surinam, which closed at the end of
January after being sabotaged by anti-government rebels, has
now reopened, a spokesman for Dutch metals company Billiton
said.
The refinery is run by Suralco, jointly owned by the U.S.
Company Alcoa and the ... | Corporate News |
CONT'L ILLINOIS<CIL> SAYS MORATORIUM MAY CUT NET
| Continental Illinois Corp said if the
Brazilian debt moratorium remains in effect, it may place its
medium and long term loans to Brazil on a cash basis.
This would increase non-performing loans by about 380 mln
dlrs and reduce income before taxes and net income by about 10
mln dlrs in the 1987 first qu... | Corporate News |
CYPRESS SAVINGS ASSOCIATION <CYPSA> 4TH QTR LOSS
| Shr loss 3.26 dlrs vs loss 2.75 dlrs
Net loss 3,479,744 vs 2,939,619
Year
Shr loss 5.58 dlrs vs loss 2.20 dlrs
Net loss 5,964,454 vs loss 2,341,818
NOTE: Net includes tax credits of 108,798 dlrs vs 1,445,275
dlrs in quarter and 838,690 dlrs vs 1,124,805 dlrs in year.
| Market and Economy |
ZENITH LABORATORIES INC <ZEN> 4TH QTR LOSS
| Shr loss 24 cts vs profit 23 cts
Net loss 5,106,000 vs profit 5,120,000
Sales 11.4 mln vs 20.4 mln
Year
Shr loss 19 cts vs profit 73 cts
Net loss 4,062,000 vs profit 15.7 mln
Sales 50.4 mln vs 80.5 mln
Avg shrs 21.7 mln vs 21.6 mln
NOTE: 1986 net includes tax credits of... | Corporate News |
CERADYNE INC <CRDN> 4TH QTR LOSS
| Shr loss 22 cts vs profit 10 cts
Net loss 1,056,000 vs profit 427,000
Sales 5,440,000 vs 4,982,000
Avg shrs 5,229,542 vs 4,435,691
Year
Shr profit one ct vs profit 26 cts
Net profit 29,000 vs profit 993,000
Sales 19.1 mln vs 16.8 mln
Avg shrs 4,947,632 vs 3,780,543
| Market and Economy |
CHEMCLEAR INC <CMCL> TERMINATES MERGER TALKS
| ChemClear Inc said it terminated
merger talks with Environmental Systems Co <ESC>.
ChemClear said it was unable to reach agreement with
Environmental, which was considering buying ChemClear.
ChemClear said it is considering other options, including
other business combinations and financing throug... | Commodities and Trade |
HANDY AND HARMAN SEES SUFFICIENT SILVER SUPPLIES
| World stocks of silver are large
enough to accommodate any changes in the supply-demand equation
this year, with industrial consumption expected to again exceed
mine production, the dealer house Handy and Harman said in its
annual review of the silver market.
The house estimated that the industry last y... | Financial Reports |
VISTA CHEMICAL <VC> SEES YEAR NET HIGHER
| Vista Chemical co said it expects
earnings for the year ending September 30 to be up
substantially, but extensive planned downtime at two of its
plants is expected to affect third quarter results.
It said it is looking at a number of financial options for
increasing shareholder value but did not elabora... | Financial Reports |
ARISTECH <ARS> TO INCREASE PRODUCTION CAPACITY
| Aristech Chemical Corp said it plans
to increase production capacity for three of its key product
lines: polypropylene, bisphenol-A and phenol.
Aristech said the polypropylene expansion involves a major
modernization of its Neal, W. Va., polypropylene plant.
When completed, Aristech said, the projec... | Market and Economy |
CAMCO SIGNS LETTER OF INTENT FOR REED TOOL
| Pearson Plc <PSON.L> said <Camco Inc>,
its 65.4 pct owned U.S. Oil and oil services subsidiary, signed
a letter of intent covering Camco's purchase from Baker
International Corp <BKO.N> of substantially all the business of
<Reed Tool Co>.
Reed, a leading manufacturer of drilling bits, had sa... | Commodities and Trade |
FIRST CONNECTICUT <FCO> SETS QUARTERLY PAYOUT
| Qtly div 25 cts vs 25 cts prior
Pay April 24
Record April Three
NOTE: First Connecticut Small Business Investment Co.
| Corporate News |
STONE AND WEBSTER INC <SW> SETS QUARTERLY
| Qtly div 40 cts vs 40 cts prior
Pay May 15
Record April One
| Financial Reports |
CREDO PETROLEUM CORP <CRED> 1ST QTR JAN 31 NET
| Shr profit one ct vs loss 27 cts
Net profit 22,000 vs loss 763,000
Revs 161,000 vs 316,000
NOTE: Prior year net includes 1,209,000 dlr writedown of
oil properites and 314,000 dlr tax credit.
| Corporate News |
ATT <T> SETS PAYOUT FOR REGULAR DIVIDEND
| Qtrly div 30 cts vs 30 cts prior
Pay May One
Record March 31
| Financial Reports |
GULF ARAB STATES MOVE TOWARDS ECONOMIC INTEGRATION
| Finance and economy ministers of the
six-nation Gulf Cooperation Council (GCC) have ended talks
after adopting resolutions and recommendations aimed at
boosting economic integration.
But the ministers from Bahrain, Kuwait, Oman, Qatar, Saudi
Arabia and the United Arab Emirates (UAE) did not endorse a
... | Market and Economy |
HARTFORD STEAM <HBOL> SETS SPLIT, DIVIDEND HIKE
| Hartford Steam Boiler
Inspection and Insurance Co said its board declared a
two-for-one stock split and raised the quarterly dividend to 25
cts postsplit from 20 cts, both payable April 30 to holders of
record April 10.
| Corporate News |
DOE SECRETARY FAVORS HIGHER SPR FILL RATE
| Energy Secretary John Herrington
said he believes the Reagan Administration will review its
decision to cut the fill rate of the Strategic Petroleum
Reserve because of a department report issued yesterday warning
of growing U.S. dependence on oil imports.
"As part of this study, I think the Administrati... | Corporate News |
CONT'L ILLINOIS <CIL> SEES IMPACT FROM TAX REFORM
| The Tax Reform Act of 1986 will have a
substantial impact on Continental Illinois Corp, the company's
annual report says.
One provision repeals the reserve method of providing for
bad debts for banks with over 500 mln dlrs in assets and
requires that tax loan loss reserves taken in the past, be
restor... | Corporate News |
OESTERREICHISCHE LAENDERBANK AG [OLBV.VI] 1986
| Parent bank net profit 181.5 mln schillings vs 135.1 mln
Parent bank balance sheet total 197.7 billion vs 182.2
billion
Parent bank cash flow 877.4 mln vs 715.5 mln
Dividend 12 pct vs 10 pct on nominal share capital of 1.5
billion vs 1.35 billion.
Cons banking gp balance sheet total 239.7 ... | Financial Reports |
NL INDUSTRIES INC 4TH QTR SHR LOSS 28 CTS VS PROFIT SEVEN CTS
|
NL INDUSTRIES INC 4TH QTR SHR LOSS 28 CTS VS PROFIT SEVEN CTS
| Financial Reports |
EC OILS TAX, CANADA CORN RULING OPPOSED BY PANEL
| The U.S. Senate Finance Committee
approved nonbinding resolutions urging the Reagan
administration oppose Canada's ruling on U.S corn imports and a
proposed new European Community tax on vegetable oils.
The resolutions, approved by voice vote, now will be sent
to the Senate floor were they are expected ... | Financial Reports |
FHLMC <FREPR> 4TH QTR NET
| net 65 mln vs 57 mln
year
shr preferred 14.87 dlrs vs 12.51 dlrs
shr common 236.77 dlrs vs 197.40 dlrs
net 247 mln vs 208 mln
NOTE: Federal Home Loan Mortgage Corp. FHLMC had 14,998,210
preferred shares outstanding in 1986 vs 14,998,379 in 1985,
owned by about 3,000 member institutio... | Corporate News |
U.S. CORN MARKET SKEWED BY SOVIET BUYING
| Recent purchases of U.S. corn by the
Soviet Union have skewed the domestic cash market by increasing
the price difference between the premium price paid at the Gulf
export point and interior levels, cash grain dealers said.
Many dealers expect the USDA will act soon to reduce the
cash price premium at t... | Other |
HRE PROPERTIES <HRE> CUTS QUARTERLY
| HRE Properties said its board cut the
quarterly dividend to 45 cts per share from 57 cts, payable
April 20 to holders of record March 31.
HRE said the board reduced the dividend due to the
continuing impact of overbuilding in its office building
markets and its inability to replace the income from high
... | Financial Reports |
HORN AND HARDART CO <HOR> 4TH QTR NET
| Shr 1.27 dlrs vs two cts
Net 18.8 mln vs 357,000
Revs 126.0 mln vs 98.5 mln
Avg shrs 14.7 mln vs 12.0 mln
Year
Shr loss 2.17 dlrs vs loss 65 cts
Net loss 28.4 mln vs loss 7,225,000
Revs 405.0 mln vs 356.2 mln
Avg shrs 13.1 mln vs 12.2 mln
NOTE: 1986 net both perio... | Corporate News |
NL INDUSTRIES INC <NL> 4TH QTR DEC 31 LOSS
| Shr loss 28 cts vs profit seven cts
Net loss 10.7 mln vs profit 5,188,000
Sales 119.3 mln vs 216.1 mln
Year
Shr loss 5.80 dlrs vs profit 30 cts
Net loss 324.2 mln vs profit 21.5 mln
Sales 549.3 mln vs 859.1 mln
NOTE: Share after preferred dividends.
NOTE: In July 1986, ... | Financial Reports |
GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST
| The DIW economic research institute
said West German economic growth in 1987 is unlikely to reach
the 1.5 pct rate it had forecast earlier this year.
The institute, whose forecasts are more pessimistic than
those of the other four leading German institutes, said the
economy had passed its peak in the su... | Corporate News |
(CORRECTED) - UNIVERSITY PATENTS INC<UPT> 2ND QTR
| Qtr ends Jan 31
Oper shr loss 24 cts vs loss 19 cts
Oper loss 1,096,332 vs loss 794,711
Revs 803,085 vs 442,420
Six mths
Oper shr loss 53 cts vs loss 43 cts
Oper loss 2,375,844 vs loss 1,741,437
Revs 1,471,257 vs 768,683
NOTE: Prior year excludes losses from discontinue... | Commodities and Trade |
N.Y. TRADERS SAY LATIN COFFEE PRODUCERS TO MEET
| Several traders and analysts here told
Reuters Latin American coffee producers will meet this weekend
in Managua, Nicaragua. The purpose, they said, is to review the
breakdown of International Coffee Organization quota talks last
month and try to formulate a unified position ahead of possible
future negotia... | Other |
PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS
| Peru registered a 16 mln dlr trade deficit
in 1986, its first trade shortfall in four years, a central
bank statement said.
The figure compared with a surpluses of 1.17 billion dlrs
in 1985, 1.01 billion in 1984 and 293 mln in 1983. The last
trade deficit was a 428 mln shortfall in 1982.
Peru's ex... | Market and Economy |
CRAFTMATIC/CONTOUR <CRCC> SEES HIGHER PROFITS
| Craftmatic/Contour Industries Inc
said it would report substantial profits for the first quarter
of fiscal 1987 ending March 31.
The company recorded net income of 732,000 dlrs, or 22 cts
per share, on revenues of 10.2 mln dlrs.
| Other |
U.S. OIL TAX BREAK PROPOSAL TO BE EXAMINED
| The White House said a proposal for
a tax break for the oil industry would undergo review.
Spokesman Marlin Fitzwater said President Reagan had no
position on recommendations submitted by Energy Secretary John
Herrington to encourage investment in the hard hit domestic oil
industry.
But Fitzwater ... | Other |
POTOMAC ELECTRIC POWER CO <POM> JAN NET
| Shr 27 cts vs 29 cts
Net 13,555,000 vs 14,635,000
Revs 104,606,000 vs 110,311,000
Avg shrs 47.2 mln vs 47.1 mln
12 mths
Shr 4.10 dlrs vs 3.66 dlrs
Net 226,653,000 vs 186,790,000
Revs 1.4 billion vs 1.3 billion
Avg shr 47.1 mln vs 47.1 mln
NOTE: latest 12 mth... | Market and Economy |
WESTERN SAVINGS AND LOAN <WSL> 4TH QTR LOSS
| Shr loss 48 cts vs profit 77 cts
Net loss 3,923,000 vs profit 11,551,000
Year
Shr profit 1.80 dlrs vs profit 2.32 dlrs
Net profit 30,171,000 vs profit 36,667,000
Loans 3.38 billion vs 3.17 billion
Deposits 3.81 billion vs 3.28 billion
Assets 5.55 billion vs 4.78 billion
... | Corporate News |
FRANCE ANNOUNCES PLAN TO BOOST EMPLOYMENT
| The government announced a three billion
franc program to combat long-term unemployment amid speculation
among political and economic analysts that it is positioning
itself for a period of economic reflation.
The package presented to the cabinet of Prime Minister
Jacques Chirac by Social Affairs and Lab... | Other |
AIR CANADA TO ACQUIRE CALGARY COURIER COMPANY
| Air Canada, the state-owned airline,
said it signed a letter of intent to acquire 65 pct of EMS
Corp, a Calgary-based messenger service which operates in
Western Canada and the U.S..
Gelco Corp (GEL) earlier said Air Canada agreed to buy its
Canadian Gelco Express Ltd unit for 54 mln U.S. dlrs.
Ai... | Corporate News |
U.S ENERGY SECRETARY PROPOSES OIL TAX INCENTIVES
| Energy Secretary John Herrington
said he will propose tax incentives to increase domestic oil
and natural gas exploration and production to the Reagan
Administration for consideration.
"These options boost production, while avoiding the huge
costs associated with proposals like an oil import fee,"
Her... | Other |
MAY DEPARTMENT STORES CO RAISES DIVIDEND TO 28-1/2 CTS FROM 26 CTS A SHARE
|
MAY DEPARTMENT STORES CO RAISES DIVIDEND TO 28-1/2 CTS FROM 26 CTS A SHARE
| Financial Reports |
HUNT MANUFACTURING CO <HUN> 1ST QTR NET
| Ended March 1
Shr 34 cts vs 27 cts
Net 2,405,000 vs 1,908,000
Revs 33.5 mln vs 32.6 mln
Avg shrs 7,114,000 vs 7,075,000
| Financial Reports |
MAY DEPARTMENT STORES CO 4TH QTR SHR 1.38 DLRS VS 1.24 DLRS
|
MAY DEPARTMENT STORES CO 4TH QTR SHR 1.38 DLRS VS 1.24 DLRS
| Market and Economy |
FIRST AMERICAN <FIAMA> SEES GAIN FROM SALE
| First American Bank and
Trust Co said its 88 pct owned Associated Mortgage Investors
<AMIMS> subsidiary has sold its New England operations for
about 2,100,000 dlrs in cash and 1,300,000 dlrs in stock,
resulting in a first quarter gain for First American of about
1,200,000 dlrs after tax.
The compa... | Corporate News |
FINANCIAL SECURITY <FSSLA> TO SELL BRANCH
| Financial Security Savings
and Loan Association said it has agreed to sell its Sunrise,
Fla., branch to Fortune Financial Group Inc <FORF> of
Clearwater, Fla., for a "substantial profit," subject to
regulatory approval.
Terms were not disclosed.
| Market and Economy |
ITALY M-2 UP 2.8 PCT IN 3 MONTHS TO END JANUARY
| Italian M-2 money supply rose a
provisional 2.8 pct, seasonally adjusted, in the three months
to end January 1987, the Bank of Italy said.
The bank said M-2, which measures notes and coins in
circulation plus bank and post office deposit accounts, fell to
a provisional 609,457 billion lire in January fr... | Other |
GOLDEN ENTERPRISES INC <GLDC> 3RD QTR FEB 28 NET
| Shr 15 cts vs nine cts
Net 2,002,261 vs 1,168,638
Revs 29.2 mln vs 29.3 mln
Nine mths
Shr 49 cts vs 36 cts
Net 6,404,536 vs 4,623,295
Revs 92.2 mln vs 88.2 mln
| Other |
GERMAN RESEARCH INSTITUTE LOWERS GROWTH FORECAST
| The DIW economic research institute
said West German economic growth in 1987 is unlikely to reach
the 1.5 pct rate it had forecast earlier this year.
The institute, whose forecasts are more pessimistic than
those of the other four leading German institutes, said the
economy had passed its peak in the su... | Market and Economy |
MORRISON KNUDSEN <MRN> SEES YEAR NET FALLING
| Morrison Knudsen Corp said its
earnings for 1987 are likely to be lower than those for 1986
due to lower than expected growth in engineering and
construction and a previously-predicted decline in earnings of
its National Steel and Shipbuilding unit.
The company earned 39.4 mln dlrs in 1986, including pr... | Financial Reports |
U.S. EXPORT BONUS POULTRY FEED FOR NORTH YEMEN
| The Commodity Credit Corporation
(CCC) accepted a bid for an export bonus to cover the sale of
7,000 tonnes of mixed poultry feed to North Yemen, the U.S.
Agriculture Department said.
The department said the feed is for delivery during April.
As announced earlier the bonus was 90.00 dlrs per tonne,
... | Commodities and Trade |
CCC ACCEPTS EXPORT BONUS BID ON BARLEY TO ISRAEL
| The Commodity Credit Corporation
(CCC) accepted a bid for an export bonus to cover the sale of
30,000 long tons of barley to Israel, the U.S. Agriculture
Department said.
The department said the barley is for delivery April 15/May
15 and the bonus awarded was 41.24 dlrs per ton.
The bonus was made... | Commodities and Trade |
MAY DEPARTMENT STORES CO <MA> RAISES DIVIDEND
| Qtly div 28-1/2 cts vs 26 cts previously
Pay June 15
Record June One
| Market and Economy |
GENCORP <GY> NAMES FINANCIAL ADVISERS
| GenCorp Inc plans to use First Boston
Corp and Kidder, Peabody and Co as financial advisers on a
tender offer for the company by General Partners, a GenCorp
spokesman said.
The spokesman, in response to questions from Reuters, said
the company does not yet have a comment on the 100 dlr per
share tende... | Corporate News |
LATIN COFFEE MEETING TO BE HELD IN MANAGUA
| Representatives from Brazil, Colombia,
Mexico and Nicaragua will meet here Friday to discuss the
economic impact of falling coffee prices, a Nicaraguan official
announced.
Vice-minister of foreign trade Bernardo Chamorro said that
participating in the meeting will be the heads of the coffee
associatio... | Corporate News |
DCNY CORP <DCY> HIKES QTLY DIVIDEND
| Discount Corp of New York said its
board of directors increased its quarterly cash dividend to 20
cts a share from 15 cts a share.
DCNY said the dividend is payable April 15, 1987 to
shareholders of record April 1 , 1987.
Since the last two-for-one stock split in May 1985, the
corpoartion has cust... | Commodities and Trade |
ST. JOSEPH LIGHT <SAJ> SETS SPLIT, HIKES PAYOUT
| St. Joseph Light and Power Corp
said its board declared a three-for-two stock split and raised
the quarterly dividend on presplit shares to 49 cts per share
from 47 cts.
The company said the dividend is payable May 18 to holders
of record May 4 and the split is subject to approval by
shareholders at t... | Corporate News |
PERU HAS FIRST TRADE DEFICIT IN FOUR YEARS
| Peru registered a 16 mln dlr trade deficit
in 1986, its first trade shortfall in four years, a central
bank statement said.
The figure compared with a surpluses of 1.17 billion dlrs
in 1985, 1.01 billion in 1984 and 293 mln in 1983. The last
trade deficit was a 428 mln shortfall in 1982.
Peru's ex... | Market and Economy |
BEVIS INDUSTRIES SEEKS BUYER FOR COMPANY
| <Bevis Industries Inc> said it
retained Tucker Anthony and R.L. Day Inc to seek purchasers of
the company or its units.
It issued no further details.
The company, which makes stainless steel tubing for the
chemical, petrochemical, and oil industries, earned 1,045,000
dlrs or 51 cts a share in t... | Other |
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