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U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVERS
| A House subcommittee voted to give
President Reagan authority to block foreign takeovers of U.S.
companies similar to the takeover of Schlumberger Ltd's <SLB>
Fairchild Semiconductor Corp by Fujitsu Ltd which was
withdrawn.
The House Energy and Commerce Subcommittee on Commerce
approved as an amend... | Corporate News |
INERTIA DYNAMICS CORP <TRIM> 2ND QTR FEB 28 NET
| Oper shr 35 cts vs 29 cts
Oper net 1,185,267 vs 1,001,315
Sales 16.8 mln vs 12.4 mln
Six mths
Oper shr 42 cts vs 32 cts
Oper net 1,420,815 vs 1,105,555
Note: oper data does not include year ago qtr and six mths
loss from discontinued operations of 87,449 dlrs, or two cts
per sh... | Commodities and Trade |
ATI MEDICAL INC <ATIM> 2ND QTR JAN 31 NET
| Shr two cts vs eight cts
Net 118,933 vs 296,272
Revs 2,742,731 vs 1,840,129
Six mths
Shr two cts vs 12 cts
Net 92,372 vs 444,975
Revs 4,977,105 vs 3,296,110
| Market and Economy |
SAVANNAH ELECTRIC AND POWER CO <SAV> UPS DIVIDEND
| Qtly div 25 cts vs 22 cts prior
Payable April 15
Record April 1
| Corporate News |
AMOCO SAID WELL OFF TRINIDAD FLOWS 53 MLN CUBIC FEET NATURAL GAS DAILY
|
AMOCO SAID WELL OFF TRINIDAD FLOWS 53 MLN CUBIC FEET NATURAL GAS DAILY
| Commodities and Trade |
IRAQ SAYS IT HIT SHIP IN GULF OFF IRAN TODAY
| Iraq said its warplanes had hit a
vessel in the Gulf off the Iranian coast today, the third in
the past 24 hours.
A military spokesman told the Iraqi news agency INA the
latest attack was at 1250 GMT. It earlier reported strikes at
0650 GMT and at 1930 GMT last night. The planes "dealt accurate
and ef... | Commodities and Trade |
MAY DEPARTMENT STORES <MA> 4TH QTR JAN 31 NET
| Shr 1.38 dlrs vs 1.24 dlrs
Net 213,000,000 vs 195,000,000
Revs 3.37 billion vs 3.12 billion
Avg shrs 153,000,000 vs 156,000,000
Year
Shr 2.44 dlrs vs 2.20 dlrs
Net 381,000,000 vs 347,000,000
Revs 10.38 billion vs 9.54 billion
Avg shrs 154,800,000 vs 156,000,000
NO... | Financial Reports |
NORSTAR BANCORP, FLEET FINANCIAL GROUP AGREE TO MERGE
|
NORSTAR BANCORP, FLEET FINANCIAL GROUP AGREE TO MERGE
| Other |
FIRST UNION <FUNC> ACQUISITION APPROVED
| First Union Corp said the
buyout of Commerce National Bank by its First Union National
Bank of Florida unit was approved by Commerce shareholders.
According to the terms of the deal, First Union will pay
8.5 mln dlrs for the outstanding shares of Commerce National, a
bank with 43.2 mln dlrs in assets.
... | Financial Reports |
ENERGY/DRILLING INDUSTRY
| The drastic cutbacks in U.S. drilling
last year are rapidly deflating the United State's natural gas
bubble, which could bring spot shortages in gas supplies next
winter and a modest recovery in the oilpatch, industry analysts
said.
Faltering deliverability of natural gas, a commodity that
is difficul... | Corporate News |
SUGAR PRICES TOO LOW TO BOOST LATIN OUTPUT
| Latin American sugar producers
are awaiting further rises in world market prices before moving
to boost production, official and trade sources said.
Although prices have risen to around eight from five U.S.
Cents per lb in the past six months, they are still below the
region's nine to ten cents per lb a... | Financial Reports |
MORGAN BANK PLANS WARRANTS FOR GOLD AT 425 DLRS
| Morgan Guaranty Trust Co of New York
plans an issue of 12,000 warrants for gold bullion at 425 dlrs
an ounce, lead manager Morgan Guaranty (Switzerland) AG said.
Each warrant, priced at 955 Swiss francs, entitled holders
to acquire five-ounce bars of .999 gold in the period from
April 30, 1987, to July ... | Other |
NORSTAR <NOR>, FLEET <FLT> TO MERGE
| Norstar Bancorp said that its
board and the board of Fleet Financial Group have approved a
definitive agreement to merge.
A Norstar spokesman said that a press release containing
further details on the merger would be issued shortly.
| Corporate News |
AMOCO <AN> IN NATURAL GAS FIND OFF TRINIDAD
| Amoco Corp said its WEQB-1 exploratory
well 39 miles east of Galeota Point on Trinidad's east coast
flowed 24 mln cubic feet of natural gas and 500 barrels of
condensate daily from one zone and 29 mln cubic feet of natural
gas and 600 barrels of condensate daily from a second.
The company said both flow... | Financial Reports |
ELDORADO BANCORP <ELDB> SETS 10 PCT DIVIDEND
| Eldorado Bancorp said its board
declared a 10 pct stock dividend, Payable April 17 to
shareholders of record April three.
| Market and Economy |
TALKING POINT/GENCORP INC <GY>
| The surprise 2.2 billion-dlr tender
offer for Ohio-based conglomerate GenCorp Inc will not be
enough to buy the company, analysts said.
Analysts estimated the 100 dlr-per-share offer from General
Partners is 10 to 20 dlrs per share below the breakup value of
GenCorp. However, market sources and analysts... | Financial Reports |
AMERICAN EXPRESS UP ON RUMORS 10 PCT OF SHEARSON TO BE SOLD TO JAPANESE FIRM, TRADERS SAY
|
AMERICAN EXPRESS UP ON RUMORS 10 PCT OF SHEARSON TO BE SOLD TO JAPANESE FIRM, TRADERS SAY
| Market and Economy |
ADMAC INC <JPAC> 3RD QT JAN 31 LOSS
| Shr loss 1.51 dlrs vs profit eight cts
Net loss 7,377,000 vs profit 384,000
Sales 1,593,000 vs 4,366,000
Nine Mths
Shr loss 2.24 dlrs vs profit 16 cts
Net loss 11,083,000 vs profit 628,000
Sales 6,517,000 vs 12.6 mln
Avg shrs 4,941,000 vs 3,926,000
| Other |
PACO PHARMACEUTICAL <PPS> 2ND QTR FEB 14 NET
| Shr 19 cts vs 17 cts
Net 767,000 vs 676,000
Revs 9,476,000 vs 9,091,000
Six mths
Shr 47 cts vs 44 cts
Net 1,897,000 vs 1,719,000
Revs 19.5 mln vs 19 mln
NOTE: Full name Paco Pharmaceutical Services Inc.
| Corporate News |
PUBLICKER INDUSTRIES INC <PUL> 4TH QTR LOSS
| Shr loss five cts vs loss 15 cts
Net loss 619,000 vs loss 1,730,000
Sales 3,138,000 vs 5,667,000
Avg shrs 12.5 mln vs 11.5 mln
Year
Shr loss four cts vs loss 40 cts
Net loss 343,000 vs loss 3,963,000
Sales 13.4 mln vs 35.3 mln
Avg shrs 12.5 mln vs 10.3 mln
NOTE: 1... | Other |
BIONOMIC SCIENCES INTERNATIONAL INC <BSII> LOSS
| 2nd qtr Jan 31 end
Shr loss three cts vs loss nine cts
Net loss 112,400 vs loss 275,400
Sales 318,100 vs 23,600
Avg shrs 4,294,300 vs 3,028,326
1st half
Shr profit four cts vs loss 14 cts
Net profit 165,600 vs loss 409,100
Sales 546,600 vs 44,400
Avg shrs 4,189,70... | Financial Reports |
PIEDMONT AVIATION INC <PIE> SETS QUARTERLY
| Qtly div eight cts vs eight cts prior
Pay May 18
Record May One
| Financial Reports |
BIONOMIC SCIENCES <BSII> SEES PROFITABILITY
| Bionomic Sciences International Inc
said it expects to start operating profitably by the fourth
quarter.
The company today reported a profit of 165,600 dlrs for the
first half ended January 31 -- after a 396,000 dlr gain on the
sale of assets and a 10,000 dlr extraordinary loss. A year
before it lost... | Other |
NORSTAR SHAREHOLDERS TO GET 1.2 FLEET FINANCIAL SHRS PER NORSTAR SHARE IN MERGER
|
NORSTAR SHAREHOLDERS TO GET 1.2 FLEET FINANCIAL SHRS PER NORSTAR SHARE IN MERGER
| Corporate News |
NEGOTIATORS PUT FINAL TOUCHES TO NEW RUBBER PACT
| Rubber producing and consuming
countries, which agreed on the bases of a new International
Natural Rubber Agreement (INRA) last weekend, are now putting
the final touches to the future accord, delegates said.
They said discussions are focusing on conditions for entry
into force of the new INRA. The pres... | Other |
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
Sasles 19.1 mln vs 16.6 mln
Avg shrs 4,947,632 vs 3,780,543
... | Market and Economy |
FINANCIAL BENEFIT GROUP INC <FBGIA> YEAR LOSS
| Shr loss 11 cts vs loss 48 cts
Net loss 254,000 vs loss 784,000
Revs 94.1 mln vs 47.3 mln
Avg shrs 2,317,000 vs 1,642,000
NOTE: Share adjusted for stock dividend and reverse split.
| Financial Reports |
MEGAPHONE INTERNATIONAL INC <INFL> 4TH QTR LOSS
| Oper shr loss three cts vs loss three cts
Oper net loss 388,000 vs loss 452,000
Revs 1,425,000 vs 1,126,000
Year
Oper shr loss 26 cts vs loss 15 cts
Oper net loss 3,604,000 vs loss 2,108,000
Res 5,712,000 vs 6,604,000
NOTE: 1986 net both periods excludes 413,000 dlr gain from... | Financial Reports |
BUTLER <BTLR> COMPLETES SALE OF LIVESTOCK UNIT
| Butler Manufacturing Co said
it completed sale of its Livestock Systems division and part of
its Control division in separate transactions to two unrelated
parties.
Butler's livestock systems division was sold to an investor
group including the president of the operations and certain
Control division ... | Financial Reports |
CAROLINA POWER AND LIGHT CO <CPL> QTLY DIV
| Qtly div 69 cts vs 69 cts prior
Payable May one
Record APril 10
| Corporate News |
AMERICAN INTERNATIONAL GROUP <AIG> QTLY DIV
| Qtly div 6-1/4 cts vs 6-1/4 cts prior
Pay June 19
Record June 5
| Market and Economy |
ROCHESTER GAS AND ELECTRIC CORP <RGS> IN PAYOUT
| Qtly div 55 cts vs 55 cts prior
Pay April 25
Record March 31
| Market and Economy |
SERVICE CORP INTERNATIONAL <SRV> SETS QUARTERLY
| Qtly div eight cts vs eight cts prior
Pay April 30
Record April 16
| Market and Economy |
VALLEY RESOURCES <VR> SETS SPLIT, RAISES PAYOUT
| Valley Resources Inc said its
board declared a three-for-two stock split and raised the
quarterly dividend to 42 cts per share presplit from 38 cts,
both payable April 15, record March 31.
| Corporate News |
NORSTAR <NOR>, FLEET <FLT> OUTLINE MERGER
| Fleet Financial Group said
that its board and the board of Norstar Bancorp have agreed to
merge the two bank holding companies in a transaction which
would create a 23 billion dlr asset bank holding company.
Under terms of the transaction, each Norstar shareholder
will receive 1.2 shares of Fleet common... | Corporate News |
TECK TO INCREASE STAKE IN TRILOGY RESOURCE
| <Trilogy Resource Corp> said
<Teck Corp> agreed to purchase 4.5 mln Trilogy common shares at
one dlr per share in a private placement, which would increase
its stake in Trilogy to 37 pct from 29 pct.
Trilogy also said its board approved a private placement of
3.5 mln common shares at a price of 90... | Corporate News |
RABBIT SOFTWARE <RABT> TO MAKE ACQUISITION
| Rabbit Software Corp said it has
agreed in principle to acquire privately-held communications
hardware maker Micro Plus II Corp for about two mln common
shares, with closing expected by May.
| Commodities and Trade |
<ALTEX RESOURCES LTD> YEAR NET
| Shr six cts vs eight cts
Net 643,000 vs 889,000
Revs 3,934,000 vs 4,373,000
| Corporate News |
<AMOUR INC> TO MAKE ACQUISITION
| Amour Inc said it has entered into
a letter of intent to acquire <Bard International Associates
Inc> for 70 mln common shares in a transaction that would give
former Bard shareholders control of the combined company.
Bard makes tennis and squash racquets and accessories.
| Corporate News |
MAY <MA> REPORTS STRONG 1ST QTR START
| May Department Stores Co, reporting
record results for the fourth quarter ended January 31, said it
is encouraged about the new fiscal year by a strong start in
February and March.
The company said its merger last year with Associated Dry
Goods, which was accounted for as a pooling of interests, is
"g... | Corporate News |
CRAMER INC <CRMR> 4TH QTR LOSS
| Shr loss eight cts vs loss 1.39 dlrs
Net loss 94,000 vs loss 1,569,000
Sales 6,951,000 vs 5,518,000
Year
Shr profit four cts vs loss 2.95 dlrs
Net profit 41,000 vs loss 3,333,000
Sales 25.3 mln vs 22.9 mln
| Financial Reports |
AMERICAN TRAVELLERS <ATVC> TO MAKE ACQUISITION
| American Travellers Corp said
it has entered into an agreement to purchase ISL Life Insurance
Co of Dallas, a corporate shell with active licenses to operate
in 12 states, for about 400,000 dlrs.
The company said closing is expected by late spring and
will result in American Travellers being licensed in... | Financial Reports |
OHIO ART CO <OAR> SETS QUARTERLY
| Qtly div six cts vs six cts prior
Pay May Eight
Record April 10
| Corporate News |
AMERICAN EXPRESS <AXP> UP ON SHEARSON RUMORS
| American Express Co climbed 2-1/2 to
80-1/8 on rumors the company was about to announce an agreement
to sell 10 pct of its Shearson Lehman Brothers unit to Nippon
bLife Insurance of Japan, traders said.
Speculation about an impending deal, rumored to be worth
600 mln dlrs, also sent shares of other U.S.... | Corporate News |
CONT'L ILLINOIS SEES MONTHS OF BRAZIL DEBT TALKS
| Continental Illinois Corp's <CIL>
Chairman John Swearingen said he sees negotiations to
reschedule Brazil's debt payments taking at least three to six
months.
Brazil declared last month a moratorium on payment of
interest on its medium- and long-term debts. The moratorium is
expected to persist the... | Commodities and Trade |
RELIABLE LIFE INSURANCE CO <RLIFA> UPS DIVIDENDS
| Qtly div Class A 27.5 cts vs 26.4 cts prior
Qtly div Class B 2.5 cts vs 2.4 cts prior
Pay June One
Record May One
| Commodities and Trade |
CROSS AND TRECKER <CTCO> TO SELL UNIT
| Cross and Trecker Corp said its
Warner and Swasey subsidiary will seek to sell its Grinding
Division to focus on other areas of its business.
The company said the Grinding Division had sales last year
of about 18 mln dlrs. It makes grinding machines.
| Corporate News |
NOVAR ELECTRONICS CORP <NOVR> 4TH QTR JAN THREE
| Shr loss eight cts vs loss eight cts
Net loss 220,724 vs loss 210,120
Revs 4,194,466 vs 4,224,633
Year
Shr profit eight cts vs profit four cts
Net profit 207,514 vs profit 98,050
Revs 17.8 mln vs 16.1 mln
NOTE: Quarter net includes tax credits of 162,600 dlrs vs
236,100 dlr... | Financial Reports |
CONSOLIDATED NATURAL <CNG> FORMS TRADING UNIT
| Consolidated Natural Gas Co said it
has received Securities and Exchange Commission approval to
establish a wholly-owned natural gas marketing subsidiary
called CNG Trading Co.
It said the new unit will operate in New York,
Pennsylvania, Ohio, West Virginia, Louisiana and Texas and
compete with other ... | Financial Reports |
18-MAR-1987
| 18-MAR-1987
| Corporate News |
SHELL CANADA <SHC> TO SELL TANKERS TO SOCANAV
| Shell Canada Ltd said its Shell Canada
Products Ltd unit will sell three tankers, effective April one,
1987, to <Socanav Inc>.
Terms were not disclosed.
Shell also said it will contract exclusively from Socanav
normal marine distribution requirements for domestic markets,
with some exceptions, ... | Corporate News |
EC WARNS CONGRESS ON NEW TRADE BILL
| The European Community (EC) has
warned the U.S. House of Representatives that tough trade
legislation it is considering could prompt retaliation by U.S.
trading partners.
The warning was sent in a letter from Sir Roy Denman, head
of the EC delegation in Washington, to Dan Rostenkowski,
chairman of the... | Financial Reports |
FAIRCHILD PRESIDENT SEEKING MANAGEMENT BUYOUT
| Fairchild Semiconductor Corp
president Donald Brooks said he intends to take a management
buyout proposal to the company's parent at some point in the
future and substantial funding is available for such a
purchase.
Fairchild is owned by Schlumberger Ltd <SLB>.
Brooks also told a press conferen... | Financial Reports |
HOUSE FARM LEADER SEES BILLION DLR BUDGET CUTS
| The 1988 agriculture budget will
have to be cut by an additional one to two billion dlrs, the
chairman of a key house agriculture subcommittee said.
Implementation of a 0/92 program, a tightening up of the
use of commodity certificates, and reconstitution of farms are
possibilities that will be studied ... | Financial Reports |
CPC <CPC> SEES 1987 HIGHER EARNINGS PER SHARE
| CPC International Inc said it expects
1987 earnings per share to increase over 1986 levels.
"We are confident that 1987 will top 1986 in earnings per
share and are optimistic about our longer-term future as well,"
the company said in its 1986 annual report.
In 1986, CPC earned 219.2 mln dlrs, or 2.3... | Corporate News |
U.S. ENERGY INDUSTRY SAID IN BETTER HEALTH
| The U.S. oil and gas industry is in
better health than it was a year ago, according to testimony
given to the Texas Railroad Commission at its annual state of
the industry hearing today.
The Commission, which regulates the state's oil and gas
industry, heard testimony from a number of high-level compan... | Financial Reports |
NOVAR ELECTRONICS <NOVR> SEES RESULTS IMPROVING
| Novar Electronics corp said it
expects improved earnings this year due to a rapid expansion of
its Logic One computerized buolding management system customer
base and expectations of good crime deterrent business.
The company today reported earnings for the year ended
January Three of 207,514 dlrs, up f... | Corporate News |
MITSUI <MITSY>, SECURITY PACIFIC <SPC> SET PACT
| Mitsui and Co Ltd said it has
signed a letter of intent with Security Pacific Corp to buy 50
pct of Japan Security Pacific Finance Co Ltd, for an
undisclosed sum, to form a joint venture.
Japan Security Pacific has assets of 200 mln dlrs.
The joint venture will introduce various financial products
... | Other |
CAROLINA POWER <CPL> CANCELS GENERATING UNIT
| Carolina Power and Light Co said
its board has decided to cancel coal-fired Mayo Unit Two, the
second unit planned for its Mayo Plant in Person County, N.C.
The company said the 690,000 kilowatt unit was only about
one pct complete and was scheduled for commercial service in
1992.
Carolina Power s... | Corporate News |
ALLISON'S PLACE INC <ALLS> 4TH QTR NET
| Qtr ends Jan 31
Shr seven cts vs 20
Net 1,84,000 vs 387,000
revs 9.1 mln vs 6.7 mln
Avg shrs 2,804,752 vs 1,875,000
12 mths
shr 13 cts vs 33 cts
Net 315,000 vs 627,000
revs 32.4 mln vs 24.6 mln
Avg shrs 2,475,943 vs 1,875,000
| Financial Reports |
CAROLINA POWER AND LIGHT CO <CPL> SETS PAYOUT
| Qtly div 69 cts vs 69 cts prior
Pay May One
Record April 10
| Financial Reports |
PURITAN-BENNETT <PBEN> MAKES ACQUISITION
| Puritan-Bennedtt Corp said
it has acquired a majority interest in Medicom Inc, which makes
a heart monitor for use in diagnosing heart disorders, for
undisclosed terms.
The company said the device will be sold under the name
Companion Heart Monitor.
| Market and Economy |
MURRAY OHIO <MUR> SEES HIGHER FIRST QUARTER NET
| Murray Ohio Manufacturing Co
said it expects first quarter earnings to be higher than the
year-ago 4,800,840 dlrs or 1.25 dlrs per share due to excellent
lawn and garden shipments.
The company said bicycle sales were soft early in the
period, but recent orders and shipments have been running well
ahea... | Financial Reports |
DEL-VAL FINANCIAL CORP <DVL> SETS PAYOUT
| Mthly div 14-1/2 cts vs 14-1/2 cts prior
Pay July One
Record June 17
| Financial Reports |
ENRON <ENE> TO PAY DIVIDENDS ON PREFERRED
| Enron Corp said it will pay accrued
second quarter dividends on the three series of preferred stock
it will redeem on May 1.
The company said it will pay second quarter accrued
dividends to the redemption date of 53 cts per share on the
6.40 pct stock, 56 cts on 6.84 pct and 70 cts on 8.48 pct.
| Commodities and Trade |
USSR CORN BUYING MAY BE 3.5 MLN TONNES--AMSTUTZ
| The Soviet Union's recent corn
purchases from the United States could total as much as 3.5 mln
tonnes, U.S. Agriculture Undersecretary Daniel Amstutz said.
"We are not sure how much (Soviets have bought) but we think
it could be as high as 3.5 mln tonnes," Amstutz told a House
Agriculture Appropriations... | Financial Reports |
ALLISON'S PLACE <ALLS> SALES INCREASE IN FEBRUARY
| Allison's Place Inc president
Marvin Schenker said company-owned stores sales for February
increased 82 pct over the same period last year.
He said comparable store sales in February increased 36
pct.
The company, which owns and franchises a total of 237
clothing outlets where all articles cost si... | Other |
BORMAN'S INC <BRF> 4TH QTR NET
| Shr 1.10 dlrs vs 1.33 dlrs
Net 3,065,000 vs 3,730,000
Sales 273.9 mln vs 241.0 mln
Year
Shr 3.27 dlrs vs 2.62 dlrs
Net 9,168,000 vs 7,338,000
Sales 1.07 billion vs 987.2 mln
NOTE: Fiscal 1987 net includes tax credits of 10 cts for
the fourth quarter and 1.04 dlrs for the ye... | Industrial and Sector News |
(CORRECTED)-BANKERS TRUST NEW YORK <BT> PAYOUT
| Qtly div 41-1/2 cts vs 41-1/2 cts prior
Pay April 25
Record March 31
NOTE: Full name Bankers Trust New York Corp.
(Company corrects pay date, April 25, not April 28 in story
that ran yesterday.
| Commodities and Trade |
NE ELECTRIC <NES> AUDITORS QUALIFY ANNUAL REPORT
| New England Electric System's auditors
have again qualified the utility's annual report because of
uncertainty about whether its oil and gas subsidiary can
recover its investments.
The qualification was noted in the annual report which New
England Electric released at a security analysts meeting today.
... | Financial Reports |
CORRECTED - FEDERAL PAPER <FBT> RAISES PAYOUT
| Qtly div 17-1/2 cts vs 17-1/4 cts
Pay April 15
Record March 31
NOTE: Full name Federal Paper Board Co.
(Corrects headline and dividend figure in item appearing
March 17 to show dividend was raised.)
| Other |
NE ELECTRIC SEES HIGHER CONSTRUCTION OUTLAYS
| New England Electric System <NES>
expects its cash construction spending to reach 205 mln dlrs
this year, up from 188 mln dlrs in 1986, the utility said in
material distributed at an analysts meeting.
It said spending is expected to advance to 215 mln dlrs in
1988 and 220 mln dlrs in 1989.
The ... | Corporate News |
RADA ELECTRONIC INDUSTRIES<RADIF> NINE MTHS NET
| Ended December 31
Shr three cts vs nine cts
Net 220,000 vs 721,000
Revs 4,920,000 vs 4,184,000
Avg shrs 6,425,925 vs 6,599,000
NOTE: Full name Rada Electronic Industries Ltd.
| Financial Reports |
U.S. WHEAT GROWERS SET STATE DEPT TRADE MEETING
| The National Association of Wheat
Growers, NAWG, board of directors is scheduled to meet
Secretary of State George Schultz and Undersecretary of State
Allen Wallis to discuss the Department's current role in farm
trade policy, the association said.
NAWG President Jim Miller said in a statement that the
... | Other |
DOE 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... | Corporate News |
CHILDREN'S DISCOVERY <CDCRA> 4TH QTR LOSS
| Shr loss 18 cts vs profit six cts
Net loss 509,471 vs profit 163,840
Revs 2,623,974 vs 1,835,580
12 mths
Shr loss 18 cts vs profit 10 cts
Net loss 494,352 vs profit 173,948
Revs 10.1 mln vs 3,551,429
NOTE: 4th qtr loss reflects 290,000 dlrs of non-recurring
expenses related... | Other |
CPI CORP <CPIC> TO POST HIGHER 1986 RESULTS
| CPI Corp said it expects to post
higher sales and earnings for its fiscal year ended February 7
when it officially reports results in three weeks.
It said preliminary figures show total sales of 258 mln
dlrs, up 30 pct from 198 mln dlrs in its 1985 fiscal year. Net
earnings from continuing operations ro... | Corporate News |
JAMAICA AUTHORIZED TO BUY PL 480 WHEAT - USDA
| Jamaica has been authorized to
purchase about 56,000 tonnes of U.S. wheat under an existing PL
480 agreement, the U.S. Agriculture Department said.
It may buy the wheat, valued at 7.0 mln dlrs, between March
25 and August 341 and ship it from U.S. ports and/or Canadian
transshipment points by September ... | Corporate News |
LAIDLAW TRANSPORTATION <LDMFA> SEES BETTER YEAR
| Laidlaw Transportation Ltd said
earnings per share for the current fiscal year should increase
by "substantially more" than the 30 pct average annual growth
experienced in the last four years.
Revenues for the year ended August 31 will be about 1.2
billion dlrs, including GSX Corp, the U.S. waste servic... | Corporate News |
PERU SHORT-TERM TRADE LINES RISE TO 430 MLN DLRS
| peru's short-term foreign trade credit
lines have more than doubled to 430 mln dlrs under president
alan garcia's 20-month administration.
Central bank general manager hector neyra told reporters
that many of the credits were for 90-day terms and could be
used several times a year.
The trade cred... | Corporate News |
BRAZIL'S GDP GREW 8.2 PCT LAST YEAR
| Brazil's Gross Domestic Product,
GDP, rose by 8.2 pct in real terms last year following an 8.3
pct increase in 1985, the Geography and Statistics Institute
said.
In money terms this equalled 3.6 trillion Cruzados, giving
per capita GDP of 26,120 Cruzados, or 1.6 pct above the level
achieved in 1980 be... | Financial Reports |
ENSOURCE INC <EEE> 4TH QTR LOSS
| Shr loss 60 cts vs loss 6.50 dlrs
Net loss 2,012,000 vs loss 21.9 mln
Revs 8.6 mln vs 13.5 mln
Year
Shr loss 1.04 dlrs vs loss 5.96 dlrs
Net loss 3.5 mln vs loss 20.2 mln
Revs 36.6 mln vs 52.1 mln
| Corporate News |
MEXICAN HYDROCARBON RESERVES FALL SLIGHTLY IN 1986
| mexico's proven reserves of liquid
hydrocarbons at end-1986 were 70 billion barrels, slightly down
from 70.9 billion a year ago and 71.75 billion in 1984, the
state oil company petroleos mexicanos (pemex) announced.
Reserves were just 5.77 billion barrels in 1974, rose
sharply to 40.19 billion in 1978 a... | Corporate News |
GREAT LAKES FEDERAL <GLFS> HIKES DIVIDEND
| Qtly div 15 cts vs 10 cts prior qtr
Pay 17 April
Record 3 April
NOTE: Great Lakes Federal Savings and Loan is full name of
company.
| Financial Reports |
MURRAY OHIO <MYO> SEES HIGHER 1ST QTR EARNINGS
| The Murray Ohio Manufacturing
Co said it expects first quarter earnings to be higher than the
4,800,840 dlrs, or 1.25 dlrs per share, it recorded for the
first quarter of last year.
The company, which produces lawn mowers and bicycles, said
earnings are ahead of last year due to increased lawn and
gar... | Other |
ALLEGHANY CORP <Y> DECLARES 1987 DIVIDEND
| Alleghany Corp said its board
declared a stock dividend of one share of its common for every
50 shares outstanding, as the company's dividend on its company
for 1987.
It said the dividend will be distributed on April 30, to
holders of record on March 30.
Alleghany said cash will be paid in lieu o... | Financial Reports |
HOUSE SUBCOMMITTEE VOTES CREDIT CARD RATE CAP
| A House Banking subcommittee has
approved legislation to limit the interest rates charged by
banks and other credit card issuers.
The Consumer Affairs and Coinage subcommittee bill would
limit credit card interest rates at eight percentage points
above the yield on one-year Treasury securities.
If... | Financial Reports |
PREMIER INDUSTRIAL CORP <PRE> 3RD QTR NET
| Ended Feb 28
Shr 39 cts vs 35 cts
Net 11.5 mln vs 10.4 mln
Revs 111.0 mln vs 104.6 mln
Nine mths
Shr 1.16 dlrs vs 1.04 dlrs
Net 34.3 mln vs 30.8 mln
Revs 335.2 mln vs 320.0 mln
Avg shrs 26.7 mln vs 29.6 mln
| Financial Reports |
UNION <UCO> TO SELL UNION FLONETICS UNIT
| Union Corp said it agreed
in principle to sell its Union Flonetics Corp subsidiary to
Irvin Kaplan, a Houston investor.
The unit makes valves and marine specialty equipment for
the military. Kaplan is also controlling shareholder of <Hunt
Valve Co Inc>.
The amount of the cash transaction, expe... | Financial Reports |
VERSATILE TO BUILD POLAR ICE BREAKER
| Versatile Corp's shipbuilding subsidiary
has a letter of intent to build a 320 mln dlr polar icebreaker
for the Canadian coast guard, Transport Minister John Crosbie
said.
In a Vancouver address, Crosbie said Versatile Pacific
Shipyards Inc was the low bidder to build the Arctic Class 8
icebreaker, bu... | Financial Reports |
U.S. BANK INCOME SHOWS FIRST DROP IN 25 YEARS
| Problems in the farmbelt and
oilpatch regions contributed to the first decline in overall
income for U.S. banks in a quarter century, the Federal Deposit
Insurance Corp (FDIC) said.
The nation's 14,181 commercial banks had net income of 17.8
billion dlrs in 1986, down slightly from 1985's record 18.1
... | Commodities and Trade |
SOMERSET SAVINGS BANK <SOSA> 4TH QTR FEB 28 NET
| Shr 55 cts vs NA
Net 2,512,000 vs 773,000
Year
Net 7,123,000 vs 3,098,000
Assets 417.7 mln vs 251.1 mln
Deposits 329.4 mln vs 230.1 mln
Loans (net) 366.1 mln vs 205.2 mln
NOTE: Some per shr amounts not available as company
converted to public ownership in July 1986.
| Corporate News |
VESTAR SECURITIES INC <VES> SETS PAYOUT
| Qtrly div 30.1 cts vs 34.1 cts prior
Pay April 14
Record March 31
NOTE: company said prior qtr includes end of year
additional four cts dividend.
| Financial Reports |
AMERITECH <AIT> REGULAR DIVIDEND SET
| Qtly div 1.25 dlrs vs 1.25 dlrs
Pay May 1
Record March 31
NOTE: Full name is American Information Technologies Corp
| Corporate News |
HARTFORD NATIONAL CORP <HNAT> DECLARES DIVIDEND
| Qtly div 30 cts vs 30 cts prior
Pay April 20
Record March 31
| Corporate News |
ARKANSAS BEST CORP <ABZ> DECLARES QTLY DIVIDEND
| Qtly div nine cts vs nine cts prior
Pay April 13
Record March 30
| Financial Reports |
AUDITORS LIFT QUALIFICATION ON PS INDIANA <PIN>
| Auditors for Public Service
Co of Indiana Inc lifted a qualification, in effect for two
years, on its 1986 financial results, according to the
company's annual shareholders' report.
PSI's report was qualified in 1984 and 1985 when its
auditors, Arthur Andersen and Co, questioned the utility's
ability ... | Commodities and Trade |
MARSHALL INDUSTRIES <MI> 3RD QTR FEB 28 NET
| Shr 14 cts vs 12 cts
Net 1,017,000 vs 877,000
Sales 68.1 mln vs 61.2 mln
Nine Mths
Shr 40 cts vs 17 cts
Net 2,986,000 vs 1,215,000
Sales 205.3 mln vs 174 mln
Note: Per share figure reflects two-for-one stock split of
July 1986.
| Corporate News |
FINANCIAL BENEFIT GROUP INC <FBGI> YEAR LOSS
| Shr loss 11 cts vs loss 48 cts
Net loss 254,000 vs loss 784,000
NOTE: Includes realized gains of one mln dlrs versus
840,000 dlrs.
| Corporate News |
ARKANSAS BEST <ABZ> SEES LOWER FIRST QTR NET
| Arkansas Best Corp said its
1987 first quarter earnings will be significantly lower than
fully diluted earnings of 22-1/2 cts per share in last year's
first quarter.
The company said pricing competition and lower traffic
levels in the motor carrier industry hurt its first quarter
results.
Howeve... | Financial Reports |
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