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URS CORP <URS> 1ST QTR JAN 31 NET
| Shr primary 29 cts vs 26 cts
Shr diluted 27 cts vs 23 cts
Net 1,500,000 vs 1,008,000
Revs 30 mln vs 23.1 mln
Avg shrs pimary 5,254,000 vs 3,821,000
| Market and Economy |
TIE/COMMUNICATIONS INC <TIE> 4TH QTR LOSS
| Oper shr loss 1.28 dlrs vs loss 59 cts
Oper net loss 46.0 mln vs loss 21.1 mln
Revs 63.9 mln vs 77.8 mln
12 mths
Oper shr loss 1.65 dlrs vs loss 2.09 dlrs
Oper net loss 59.3 mln vs 75.0 mln
Revs 298.2 mln vs 321.3 mln
NOTE: for the qtr and yr 1986, loss reflects pretax loss o... | Commodities and Trade |
U.S. HOUSE PLAN SEEKS TO BAR FOREIGN TAKEOVER
| A U.S. House subcommittee voted to
give President Reagan authority to block foreign takeovers of
U.S. companies similar to the takeover of Fairchild
Semiconductor Corp. by Fujitsu Ltd which was withdrawn.
The Energy and Commerce Subcommittee on Commerce approved
as an amendment to the overall House trad... | Financial Reports |
SIEBE COMPLETES ACQUISTION OF RANCO <RNI>
| <Siebe Plc> of the U.K. said it
completed the acquisition of Ranco Inc, following approval by
Ranco shareholders.
According to the terms of the deal, Ranco holders will
receive 40 dlrs a share in cash. Ranco will be transferred to
one of Siebe's U.S. subsidiaries, Robertshaw Controls Co.
Ranco ... | Financial Reports |
<PANTRY INC> INB TALKS ON BEING ACQUIRED
| Privately-held Pantry Inc, which
operates 477 convenience stores in five Southeastern states,
said it has engaged Alex. Brown and Sons Inc <ABSB> to explore
a possbile sale of the company.
It said it expects to start talks with prospective
acquirers shortly. The company said it has been approached by... | Financial Reports |
<HAWKER SIDDELEY CANADA INC> YEAR NET
| Shr 1.06 dlrs vs 1.54 dlrs
Net 9,455,000 vs 13.4 mln
Sales 418.7 mln vs 422.0 mln
Note: 59 pct owned by Hawker Siddeley Group PLC
| Financial Reports |
NO IMMEDIATE PLANS TO CLOSE REFINERY - ESSO SAF
| ESSO SAF <ESSF.PA>, the French subsidiary
of Exxon Corp <XON>, said it had no immediate plans to shut
down one of its two refineries. Exxon's new president Lee R.
Raymond said earlier that it could decide to close a French
refinery.
An ESSO SAF spokesman said a closure was a hypothesis that
depe... | Financial Reports |
TEL OFFSHORE TRUST <TELOZ> UPS QUARTERLY PAYOUT
| Qtly distribution 43.5884 cts vs 37.2427 cts in prior qtr
Payable April 10
Record March 31
| Financial Reports |
EMHART CORP <EMH> SET TO INCREASE EARNINGS
| Emhart Corp said it plans to increase
worldwide revenues and earnings at an annual compounded growth
rate of 15 pct and about 13 pct, respectively.
It said these objectives were based on several assumptions,
including a four pct average inflation rate through 1989 and a
two pct to three pct GNP real gro... | Financial Reports |
BELCHER TO RAISE HEAVY FUELS PRICES
| The Belcher Co of New York, a
subsidiary of Coastal Corp <CGP>, said it will raise the posted
prices for number six fuel in New York 25 cts to 1.75 dlrs a
barrel, depending on grades.
Effective March 19, the new prices are 0.3 pct sulphur
22.50 dlrs, up one dlr, 0.5 pct sulphur 21.75 dlrs, up 1.75
... | Corporate News |
GRAPHIC INDUSTRIES INC <GRPH>4TH QTR JAN 31 NET
| Shr 27 cts vs 23 cts
Net 1,713,000 vs 1,447,000
Revs 46.9 mln vs 39.3 mln
Year
Shr 97 cts vs 78 cts
Net 6,154,000 vs 4,855,000
Revs 167.9 ln vs 130.4 mln
| Financial Reports |
<COFAB INC> BUYS GULFEX FOR UNDISCLOSED AMOUNT
| CoFAB Inc said it acquired <Gulfex Inc>,
a Houston-based fabricator of custom high-pressure process
vessels for the energy and petrochemical industries.
CoFAB said its group of companies manufacture specialized
cooling and lubricating systems for the oil and gas,
petrochemical, utility, pulp and pape... | Financial Reports |
CONGRESS VIDEO GROUP INC <CVGI> 3RD QTR NET
| Qtr ends Dec 31
Shr profit three cts vs loss three cts
Net profit 129,000 vs loss 85,000
Revs 4,001,000 vs 4,347,000
Avg shrs 3,994,347 vs 3,769,347
Nine mths
Shr loss 75 cts vs profit 39 cts
Net loss 2,900,000 vs profit 1,753,000
Revs 7,472,000 vs 15.3 mln
Avg sh... | Other |
CENTRAL PENNSYLVANIA FINANCIAL CORP <CPSA>PAYOUT
| Qtly div 10 cts vs 10 cts in prior qtr
Payable April 22
Record April 10
| Corporate News |
HARTFORD NATIONAL CORP <HNAT> REGULAR DIVIDEND
| Qtly div 30 cts vs 30 cts in prior qtr
Payable April 20
Record March 31
| Corporate News |
BRAZILIAN RED MEAT OUTPUT DOWN SHARPLY - USDA
| Brazilian red meat production in
1986 fell more than 20 pct to 1.9 mln tonnes due to drought
which reduced slaughter weight and to herd rebuilding which
started because of high cattle prices, the U.S. Agriculture
Department said.
In its report on World Production and Trade Developments,
USDA said that... | Corporate News |
GENCORP ASKS SHAREHOLDERS TO POSTPONE ACTION IN TENDER OFFER
|
GENCORP ASKS SHAREHOLDERS TO POSTPONE ACTION IN TENDER OFFER
| Corporate News |
MONY FINANCIAL BUYS UNITED ADMINISTRATORS <UAI>
| <MONY Financial Services> said it
purchased United Administrators Inc in an effort to secure a
larger market share for its group insurance line.
MONY said this acquisition, coupled with its purchase of
Kelly Associates in 1985, contributes to its goal of expanding
its group business and improving its... | Financial Reports |
BFI COMMUNICATIONS SYSTEMS INC 4TH QTR LOSS
| Shr loss 18 cts vs loss 20 cts
Net loss 629,527 vs loss 697,847
Revs 404,345 vs 1,558,951
Year
Shr loss 56 cts vs loss 1.81 dlrs
Net loss 1,910,063 vs loss 5,744,588
Revs 5,999,377 vs 6,347,702
Avg shrs 3,441,513 vs 3,175,402
| Other |
FORTUNE <FORF> TO ACQUIRE MARINE SAVINGS
| Fortune Financial Group Inc's
Fortune Savings Bank subsidiary said it executed a definitive
agreement to buy <Marine Savings and Loan Association of
Florida> for 10.1 mln dlrs.
It said the agreement has been approved by the directors of
both banks and is subject to approval of Marine shareholders by
... | Corporate News |
HAWKER SIDDELEY CANADA TO SELL UNIT
| <Hawker Siddeley Canada Inc> said that,
due to poor market conditions for railway freight car
manufacturing, it plans to sell its Trenton Works division in
Trenton, Nova Scotia.
Hawker Siddeley said it set aside a provision of 7.7 mln
dlrs for the proposed sale.
It also said lower 1986 earnings... | Financial Reports |
CENTRAL ILLINOIS <CIP> 12 MTHS FEB 28 NET
| Shr 2.04 dlrs vs 1.83 dlrs
Net 76,172,000 vs 71,101,000
Revs 621.7 mln vs 670.3 mln
NOTE: Central Illinois Public Service Co is full name of
company.
Most recent 12 months net excludes preferred dividends of
6.4 mln dlrs compared with 8.6 mln dlrs last year.
| Financial Reports |
BOGART CRAFTS CORP <VOGT> YEAR LOSS
| Yr ends Nov 29, 1986
Shr loss 61 cts vs loss 1.19 dlrs
Net loss 1,017,000 vs loss 1,987,000
Revs 10.4 mln vs 10.3 mln
NOTE: Prior yr ended Nov. 30
| Commodities and Trade |
GENCORP <GY> GROUP TO SEEK ANTI-GREENMAIL VOTE
| GAMCO Investors Inc, an affiliate of
Gabelli and Co, plans to propose an anti-greenmail provision at
the GenCorp Inc annual meeting March 31, according to GAMCO
Chairman Mario Gabelli.
Greenmail often involves the repurchase of shares at a
premium by a company from an unwanted investor. GenCorp today
... | Financial Reports |
LAENDERBANK EXPECTS MODEST PROFIT RISE IN '87
| Oesterreichische Laenderbank AG
[OLBV.VI] expects to maintain its dividend and to record a
moderate rise in profits this year after the 181.5 mln
schilling net profit made in 1986, General Director Gerhard
Wagner said.
Wagner told a news conference that last year's 34.3 pct
rise in net profit from 135... | Financial Reports |
NATIONAL DATA <NDAC> IN PACT WITH SIGNATURE
| National Data Communications Inc said it
is no longer obligated to issue its majority shareholder
<Signature Capital Corp> 20 mln common shares under a previous
agreement.
National said it entered into a new agreement with
Signature, which would have owned about 80 pct of National's
common under th... | Financial Reports |
PILGRIM VENTURE IN MERGER AGREEMENT
| <Pilgrim Venture Corp>
said it signed a letter of intent to merge with <Marketing
Technologies Group Inc>, Rockville Center, N.Y.
Under terms of the agreement, Pilgrim, a publicly held
corporation, said it will issue two mln shares of authorized
but unissued restricted common stock to Marketing Te... | Financial Reports |
GENCORP <GY> TO STUDY GENERAL PARTNER BID
| GenCorp Inc chairman William
Reynolds said the company's board and its financial and legal
advisors will study the unsolicited tender offer from <General
Partners>.
"Right now, our advice to all our shareholders is to wait
until the board advises them of its position ... which will
happen on or bef... | Financial Reports |
<RENOUF CORP> TO PROCEED WITH BENEQUITY <BH> BID
| Renouf Corp of New Zealand said it
has decided to proceed with its offer for all outstanding units
of Benequity Holdings at 31 dlrs per unit.
The company had been required to redice by March Two
whether to proceed with the offer or terminate it, based on its
ability to obtain financing and on its review... | Financial Reports |
RESTAURANT MANAGEMENT SERVICES <RESM> IN PAYOUT
| Qtly div 1-3/4 cts vs 1-3/4 cts prior
Pay April 23
Record April nine
NOTE: Full name Restaurant Management Services Inc
| Market and Economy |
CITIZENS FIRST BANCORP INC <CFB>RAISES DIVIDEND
| Qtly div 15 cts vs 12.5 cts prior
Pay May 1
Record April 17
Note: Prior dividend is adjusted for recent six-for-five
stock split.
| Financial Reports |
TEXACO INC <TX> 84.1 MLN DLR DEFENSE CONTRACT
| Texaco Refining and Marketing Inc is
being awarded a 84.1 mln dlr Defense Logistics Agency contract
for jet fuel, the Defense Department said.
It said work on the contract, which was awarded as part of
a multi-contract procurement program, is expected to be
completed by March 31, 1988.
| Commodities and Trade |
ALLISON'S PLACE INC <ALLS> 4TH QTR NET
| Shr seven cts vs 20 cts
Net 184,000 vs 387,000
Revs 9,100,000 vs 6,700,000
Year
Shr 13 cts vs 33 cts
Net 315,000 vs 627,000
Revs 32.4 mln vs 24.6 mln
| Commodities and Trade |
CONAGRA INC 3RD QTR SHR 36 CTS VS 31 CTS
|
CONAGRA INC 3RD QTR SHR 36 CTS VS 31 CTS
| Other |
PRI <PRI> TO BUY SHELL <RD> HAWAII GAS STATIONS
| Pacific Resources Inc said it signed a
definitive agreement with Royal Dutch/Shell Group unit Shell
Oil Co to buy Shell's marketing, terminaling and distribution
assets in Hawaii for 32 mln dlrs.
The purchase would include Shell's interest in 39 retail
gasoline stations and four petroleum product termin... | Corporate News |
READING CO <RDGC> 4TH QTR OPER NET
| Oper shr 40 cts vs 30 cts
Oper net 1,364,000 vs 1,025,000
Revs 14.7 mln vs 11.0 mln
Avg shrs 3,372,970 vs 3,425,400
Year
Oper shr 86 cts vs 32 cts
Oper net 2,925,000 vs 1,109,000
Revs 43.0 mln vs 35.7 mln
Avg shrs 3,383,651 vs 3,418,594
NOTE: Year-ago periods excl... | Financial Reports |
CUBA TELLS TRADERS SUGAR EXPORTS MAY BE DELAYED
| Cuba has told international sugar
operators who have bought its sugar for shipment in March that
these contracts will take second place to Cuba's direct
shipments to its export markets, dealers here said.
Some traders who have received telexes from Cuba said the
language of the message was not totally c... | Corporate News |
CONAGRA INC <CAG> 3RD QTR FEB 22 NET
| Shr primary 36 cts vs 31 cts
Shr diluted 36 cts vs 31 cts
Net 25.1 mln vs 21.7 mln
Revs 1.53 billion vs 1.39 billion
Avg shrs primary 68.8 mln vs 68.9 mln
Avg shrs diluted 70.5 mln vs 71.0 mln
Nine mths
Shr primary 1.32 dlrs vs 1.13 dlrs
Shr diluted 1.30 dlrs vs 1.11 dl... | Financial Reports |
CANADIAN PACIFIC <CP> SEEKS BUYER FOR UNIT
| Canadian Pacific Ltd said it retained
Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of
Toronto.
The company said Maple Leaf had 1986 sales of 819 mln dlrs
and an after tax profit of 16.3 mln dlrs. It is a diversified
agriproducts company which produces and sells industrial and
consumer flour... | Financial Reports |
AIR CANADA COURIER BUY SHARPLY ALTERS INDUSTRY
| Air Canada's 54 mln U.S. dlr
acquisition of Gelco Corp's <GEC> Canadian unit has
dramatically altered Canada's fast growing courier industry,
largely dominated by U.S. companies until this year, company
officials and analysts said.
State-owned Air Canada takes over the country's second
largest over... | Financial Reports |
COPPER INDUSTRY ASKS LME FOR STRATEGY STATEMENT
| Representatives of the International
Wrought Copper Council (IWCC) and major copper producers have
told the London Metal Exchange (LME) a clear statement of its
forward strategy would lead to a better understanding between
industry and the LME.
In a press release the IWCC said that at the latest meeting... | Financial Reports |
NORTH-WEST TELECOM <NOWT> 4TH QTR OPER NET
| Oper shr 64 cts vs 52 cts
Oper net 872,272 vs 706,836
Revs 9,271,541 vs 7,744,466
Year
Oper shr 2.03 dlrs vs 1.96 dlrs
Oper net 2,782,7801 vs 2,684,089
Revs 31.2 mln vs 29.1 mln
NOTE: Full name is North-West Telecommunications Inc
| Other |
GROUP RECONSIDERS COMPUTER MEMORIES <CMIN> BID
| A shareholder group led by Far
Hills, N.J., investor Natalie Koether said it is reconsidering
its plan to seek control of Computer Memories Inc and now plans
to sell its entire stake in the company.
In a filing with the Securities and Exchange Commission,
the group, which includes Sun Equities Corp, sai... | Financial Reports |
GOODRICH <GR> TO PHASE OUT SOME BUSINESSES
| B.F. Goodrich Co said it will phase
out the production of aircraft tires, missile and marine
products and molded rubber products in Akron, Ohio, by the end
of 1987, laying off about 790 salaried, production, maintenance
and support services employees.
The company said layoffs will start within the next ... | Financial Reports |
AULT INC <AULT> 3RD QTR MARCH ONE NET
| Shr profit eight cts vs loss 16 cts
Net profit 153,000 vs loss 310,000
Sales 3,937,000 vs 2,364,000
Nine Mths
Shr profit five cts vs loss 53 cts
Net profit 97,000 vs loss 1,042,000
Sales 10.2 mln vs 7,564,000
| Corporate News |
AMERICUS TRUST <ATU> AND <ATP> INITIAL DIVIDEND
| Americus Trust for American Telephone
and Telegraph Shares Series Two said it will distribute an
initial dividend of 28.75 cts on May 12 to shareholders of
record March 31.
| Other |
XTRA <XTR> TO BUY FRUEHAUF <FTR> UNIT
| XTRA Corp said it agreed to acquire all
the stock of RentCo Trailer Corp, a wholly owned subsidiary of
Fruehauf Corp for about 70 mln dlrs.
RentCo had revenues of about 70 mln dlrs.
The transaction is expected to be completed in April and is
subject to regulatory approval.
| Financial Reports |
WICKES COMPANIES <WIX> COMPLETES SALE OF UNIT
| Wickes Companies Inc said
it completed the sale of its Sequoia Supply division to a new
company created by the management of that division.
Paul Hylbert, president of Sequoia, has been named
president and chief executive officer of the new company.
| Corporate News |
LDBRINKMAN <LDBC> CHIEF CUTS CENERGY <CRG> STAKE
| LDBrinkman Corp Chairman L.D.
Brinkman and members of his family said they cut their stake in
Cenergy Corp to 3,647 shares, or 0.4 pct of the total
outstanding, from 912,147 shares, or 9.4 pct.
In a filing with the Securities and Exchange Commission,
the group said it sold 302,833 Cenergy common shares ... | Corporate News |
INTER-TEL INC <INTLA> 1ST QTR FEB 28 NET
| Shr three cts vs one ct
Net 235,000 vs 66,000
Revs 10 mln vs 8,202,000
Avg shrs 7,972,000 vs 8,545,000
| Financial Reports |
THUNANDER CORP <THDR> YEAR NET
| Shr 73 cts vs 58 cts
Net 1,101,000 vs 901,000
Sales 32.9 mln vs 29.1 mln
Note: Results include operations of BMD of New England Inc,
acquired Sept. 1, 1986.
| Corporate News |
TEXSTYRENE CORP <FOAM> 11 MTHS DEC 31 LOSS
| Shr loss 83 cts
Net loss 2,115,000
Revs 139.6 mln
Avg shrs 3.6 mln
NOTE: Company went public February 1986.
| Financial Reports |
FLUOROCARBON CORP <FCBN> QTLY DIVIDEND
| Shr seven cts vs seven cts prior qtr
Pay April 30
Record April 15
| Financial Reports |
METRO MOBILE <MMCT> DECLARES STCOK DIVIDEND
| Metro Mobile CTS Inc said it declared
a 10 pct stock dividend.
The dividend will be distributed on April 13 to holders of
record March 30.
| Financial Reports |
LAURENTIAN GROUP SEES HIGHER SHARE NET
| <Laurentian Group Corp> said it
expects 1987 earnings per share will show about the same
proportionate increase as in 1986.
Last year, the company had 25.7 mln dlrs operating profit,
or 76 cts per share, up from 11.1 mln dlrs, or 59 cts per
share, in 1985. Shares outstanding increased to 39 mln from
... | Corporate News |
METRO MOBILE <MMCT> DECLARES STOCK DIVIDEND
| Metro Mobile CTS Inc said it declared
a 10 pct stock dividend.
The dividend will be distributed on April 13 to holders of
record March 30.
| Financial Reports |
<TRIDEL ENTERPRISES INC> YEAR NET
| Shr 1.05 dlrs vs 51 cts
Net 8,500,000 vs 4,100,000
Revs 183.2 mln vs 136.6 mln
| Other |
PERU SHORT-TERM TRADE CREDIT UP TO 430 MLN DLRS
| Peru's short-term foreign trade credit
lines, regarded as vital to ensure smooth foreign commercial
transactions, have more than doubled to 430 mln dollars under
the 20-month government of president Alan Garcia.
Central bank general manager Hector Neyra told reporters
many of the credits were 90-day.
... | Financial Reports |
U.K. TO SELL OFF REMAINING 31.7 PCT STAKE IN BP
| The British Conservative government said
it would sell off its remaining 31.7 pct shareholding in
British Petroleum Co Plc <BP.L> during the next financial year
which starts on April 1.
Treasury Financial Secretary Norman Lamont made the
announcement to Parliament. He said, "The government's policy i... | Corporate News |
FINAL TRUST FOR THRIFT INSTITUTIONS PAYOUT SET
| <Massachusetts Financial Services Co>
said it has set the final income and capital gain distributions
for <Trust for Thrift Institutions High Yield Series> of 1.069
dlrs and 7.645 dlrs, respectively, payable today.
| Corporate News |
EIA SAYS DISTILLATES OFF 7.6 MLN BBLS, GASOLINE OFF 3.4 MLN, CRUDE OFF 4.4 MLN
|
EIA SAYS DISTILLATES OFF 7.6 MLN BBLS, GASOLINE OFF 3.4 MLN, CRUDE OFF 4.4 MLN
| Financial Reports |
EAST RAND MINES EXPECT HIGHER GOLD PRODUCTION
| East Rand Proprietary Mines Ltd
said that barring any major disruption in production, it
expects 1987 gold output to top 10 tonnes after dropping to
9.223 tonnes last year from 10.251 in 1985.
Chairman Clive Knobbs said in the annual report the mine
was expected to mill a higher tonnage while capital ex... | Financial Reports |
SNYDER <SOI> BUYS STAKE IN CENERGY
| Snyder Oil Partners LP said
it acquired 1.2 mln shares, or 12 pct, of Cenergy Corp.
It said it is continuing to review its investment and has
made no determination of its future course of action.
| Corporate News |
FAR WEST FINANCIAL <FWF> TO BUY PROGRESSIVE
| Progressive Savings and Loan
Association <PRSL> said it has agreed in principle to be
purchased by Far West Financial Corp's Far West Savings and
Loan Association.
The acquisition would be a cash merger, with Progressive
shareholders receiving up to three dlrs per share, the company
said.
Pro... | Corporate News |
COMMUNITY SAVINGS BANK <CSBN> QTLY DIVIDEND
| Qtly div six cts vs six cts prior
Pay April 17
Record April 3.
| Financial Reports |
DIVISION SEEN ON HOW TO HELP U.S. OIL INDUSTRY
| The U.S. Congress and the oil industry
are deeply divided on ways the government should assist the
industry, hurt by the sharp fall in oil prices, and the
subsequent growth in oil imports, industry analysts said.
"The industry is deeply divided between those who support an
oil tariff and those who belie... | Corporate News |
TEXSTYRENE <FOAM> SUSPENDS PREFERRED PAYMENTS
| Texstyrene Corp said it has
suspended quarterly cash dividend payments on its 9.5 pct
convertible exchangeable preferred stock.
The suspension effects the March 15 payment, and it said it
does not expect to pay preferred dividends in the forseeable
future.
It said the payments were suspended becau... | Financial Reports |
(RPT) U.S. SAYS TIN DISPOSALS WILL NOT AFFECT ACCORD
| U.S. tin disposals should have little
effect on an agreement reached last weekend by tin producing
countries to limit group exports to 96,000 tonnes in the year
started March 1, a government official said.
The agreement by the seven-member Association of Tin
Producing Countries (ATPC) aimed to cut the w... | Corporate News |
SPECTRAN CORP <SPTR> 4TH QTR
| Shr loss 2.22 dlrs vs profit 16 cts
Net loss 10.2 mln vs profit 760,443
Revs 1.1 mln vs 3.7 mln
Year
Shr loss 3.68 dlrs vs profit 64 cts
Net loss 16.9 mln vs profit 2.7 mln
Revs 3.6 mln vs 15.2 mln
NOTE:1986 4th qtr includes 6.7 mln dlr restructuring charge
and writedowns o... | Market and Economy |
<VANGUARD INDEX TRUST> QUARTERLY DIVIDEND
| Qtly div 18 cts vs 18 cts prior
Pay April 30
Record March 26.
| Commodities and Trade |
SHULTZ SAYS U.S. PRODUCTS MUST BE COMPETITIVE
| Asked what the U.S. State
Department's policy is on offering subsidized wheat to Moscow,
Secretary of State George Shultz told a group of farm leaders
that U.S. products must be competitive in the world market.
"If we are going to sell our products, whatever they may
be, wheat or anything else, then we ... | Corporate News |
CANADIAN PACIFIC SEEKS BUYER FOR MAPLE LEAF UNIT
| Canadian Pacific Ltd said it retained
Wood Gundy Inc to seek a buyer for Maple Leaf Mills Ltd of
Toronto.
The company said Maple Leaf had 1986 sales of 819 mln
Canadian dlrs and an after tax profit of 16.3 mln Canadian
dlrs. It is a diversified agriproducts company which produces
and sells industrial ... | Financial Reports |
GREYHOUND CORP <G> COMPLETES BUS LINE SALE
| Greyhound corp said it completed
the sale of its Greyhound Lines unit to Dallas-based GLI
Holdings Inc for 350 mln dlrs in cash, securities, royalties
and other considerations.
Greyhound said GLI is authorized to continue using the
familiar running dog logo on a red, white and blue shield,
while Greyh... | Financial Reports |
INTERCARE <CARE> DROPS OFFERING, BUYOUT PLANS
| InterCare Inc said it
terminated plans to acquire Universal Care, a California health
mainenance organization, following First Jersey Securities'
decision to withdraw as underwriter for InterCare's proposed
public debt and equity securities offering.
The acquisition was contingent on its ability to obt... | Corporate News |
PROVIDENCE ENERGY <PVY> FINALIZES ACQUISITION
| Providence Energy Corp said it
completed the purchase of North Attleboro Gas co.
Terms were not disclosed.
North Attleboro serves 2,273 residential customers, 288
commercial customers, and 40 industrial customers.
| Corporate News |
ROSPATCH TO RESPOND TO DIAGNOSTIC BID
|
ROSPATCH TO RESPOND TO DIAGNOSTIC BID
| Financial Reports |
ARGENTINE MAIZE, SOYBEAN FORECASTS FALL
| Argentine grain growers reduced
their estimates for maize and soybean production in the current
harvest in the week to yesterday, trade sources said.
Soybean production for 1986/87 is now estimated to reach
between 7.7 and eight mln tonnes, versus 7.8 to 8.2 mln tonnes
estimated a week ago and eight to ... | Financial Reports |
RECENT U.S. OIL DEMAND UP 2.3 PCT FROM YEAR AGO
| U.S. oil demand as measured by
products supplied rose 2.3 pct in the four weeks ended March 13
to 16.49 mln barrels per day (bpd) from 16.11 mln in the same
period a year ago, the Energy Information Administration (EIA)
said.
In its weekly petroleum status report, the Energy
Department agency said dis... | Corporate News |
MESA ROYALTY TRUST <MRT> MONTHLY PAYOUT
| Mesa Royalty Trust <MRT> said unit
holders of record March 31 will receive a distribution
amounting to 55,192 dlrs or 2.96 cts per unit, payable April
30.
| Financial Reports |
TAIWAN BUYS 450,000 TONNES OF U.S. CORN
| Taiwan overnight bought 450,000
tonnes of U.S. number two corn, 14.5 pct moisture, for Gulf and
West Coast shipment in 11 cargoes between May and October,
private export sources said.
Gulf shipment ranged in prices from 75.17 to 78.45 dlrs per
tonne stowed and trimmed, FOB euqivalent, and West Coast
s... | Financial Reports |
RESULTS AWAITED ON EGYPT PL 480 WHEAT TENDER
| Results were awaited on Egypt's
tender today for 200,000 tonnes of U.S. soft or white wheat for
April shipment under PL 480, private export sources said.
| Financial Reports |
U.S. WEEKLY SOYBEAN CRUSH 21,782,929 BUSHELS
| Reporting members of the National
Soybean Processors Association (NSPA) crushed 21,782,929
bushels of soybeans in the week ended Feb 25 compared with
22,345,718 bushels in the previous week and 16,568,000 in the
year-ago week, the association said.
It said total crushing capacity for members was 25,873,... | Financial Reports |
FRANKLIN INSURED TAX-FREE SETS PAYOUT
| Mthly div 7.1 cts vs 7.1 cts prior
Pay March 31
Record March 16
NOTE: Franklin Insured Tax-Free Income Fund.
| Financial Reports |
AMSTUTZ SEES MORE BULLISH WHEAT OUTLOOK IN 1987
| U.S. Agriculture Undersecretary
Daniel Amstutz indicated the world wheat supply/demand
situation has become more bullish recently because of
developments in the world market and increased consumption.
Speaking to a House Agriculture Appropriations
subcommittee, Amstutz cited three factors which have imp... | Corporate News |
ARGENTINE OIL, GAS PRODUCTION FALL IN FEBRUARY
| Argentina's total oil and gas
production fell 9.4 pct in February to 2.78 mln cubic metres
from January's total of 3.11 mln cubic metres, the state oil
company Yacimientos Petroliferos Fiscales (YPF) reported.
A YPF statement blamed the drop on momentary problems owing
to the summer season but gave no f... | Financial Reports |
U.S. SOYBEANS HAVE COMPETITIVE PROBLEM - AMSTUTZ
| Soybeans produced in the United
States face a competitive price problem because of the loan
rate provisions of the 1985 farm bill, U.S. Undersecretary of
Agriculture Daniel Amstutz said.
Amstutz told a House Agriculture Appropriations
subcommittee hearing that soybeans are caught in a "squeeze"
becaus... | Commodities and Trade |
MITEK SYSTEMS EXPECTS LOSS IN CURRENT QUARTER
| <Mitek Systems Inc> said it
expects to report a loss in the current quarter ending March
31, due primarily to the government buying cycle.
The company did not quantify the size of the expected loss.
It said it expects sales and profits for fiscal 1987, however,
to exceed those of 1986. In 1986 Mitek ... | Corporate News |
ECHLIN <ECH> BUYS STAKE IN CHAMPION PARTS<CREB>
| Champion Parts Rebuilders Inc
said Echlin Inc has bought a 20 pct stake in it by acquiring
600,000 newly issued shares and warrants to buy another 300,000
shares at 9.20 dlrs each, for a total investment of 5,400,000
dlrs.
The newly issued shares raises Champion's outstanding
shares to 3,113,074.
... | Financial Reports |
BRAZIL REJECTS ALL OFFERS AT WHEAT TENDER
| Brazil rejected all offers at
tonight's wheat tender, a Brazilian Wheat Board spokesman said.
He said no date had been set for the next tender.
| Corporate News |
FRANKLIN MINNESOTA INSURED SETS PAYOUT
| Mthly div 6.6 cts vs 6.6 cts prior
Pay March 31
Record March 16
NOTE: Franklin Minneosta Insured Tax-Free Income Fund.
| Commodities and Trade |
IBC PRESIDENT TO ATTEND MANAGUA COFFEE MEETING
| Brazilian Coffee Institute (IBC)
president Jorio Dauster said he will attend a meeting in
Managua this weekend.
He told Reuters by telephone from Brasilia that the
meeting, involving Brazil, Colombia and Central American coffee
producers, will be strictly to review the coffee market
situation.
"... | Financial Reports |
CANTERRA ENERGY TO DRILL WELL OFF NOVA SCOTIA
| <Canterra Energy Ltd> said it
will drill an exploratory well on the Scotian shelf, about 280
kilometers east-southeast of Halifax, Nova Scotia.
Drilling will begin in late April 1987 in 61 meters of
water and will be drilled to a total depth of 3,500 meters,
Canterra said.
Canterra will operate... | Financial Reports |
FLEET <FLT> AIMS TO SPEED MERGER WITH NORSTAR
| Fleet Financial Group hopes its
proposed merger with Norstar Bancorp <NOR>, ranked as the
largest U.S. banking merger, can be completed by the beginning
of 1988, according to an executive of Fleet.
Robert Lougee, director of corporate communications for
Rhode Island-based Fleet, told Reuters the comp... | Financial Reports |
<TRIDEL ENTERPRISES INC> SETS INITIAL DIVIDEND
| Qtly div five cts
Pay April 1
Record March 27
| Financial Reports |
FRANKLIN MICHIGAN INSURED SETS PAYOUT
| Mthly div 6.9 cts vs 6.9 cts prior
Pay March 31
Record March 16
NOTE: Franklin Michigan Insured Tax-Free Income Fund.
| Financial Reports |
BRAZILIAN INFLATION LOWER IN FEBRUARY
| Brazilian consumer prices rose
13.9 pct in February, compared to January's record rate of 16.8
pct, the Brazilian Geography and Statistics Institute said in a
statement.
The February rise brought the increase in consumer prices
since the introduction of the anti-inflation Cruzado Plan a
year ago to 62... | Financial Reports |
VOLATILITY LIKELY TO REMAIN LOW IN DEBT FUTURES
| Financial analysts see little chance
that U.S. interest rate futures will break out of their narrow
ranges and low volatility during the remainder of the week.
"We got a little volatility Wednesday," said Staley
Commodities International analyst Jerome Lacey. "But for the
moment we're still in a trading... | Financial Reports |
U.S. HOUSE PANEL VOTES TO EASE EXPORT CONTROLS
| A key House panel voted to greatly
ease government controls on exports as several House committees
moved rapidly toward approval of major changes in trade laws
they hope will help solve U.S. trade woes.
The House Foreign Affairs Subcommittee on International
Economic Policy voted to direct the administr... | Commodities and Trade |
CHILEAN COPPER WORKERS ELECT LEFT-WING LEADERS
| Chilean left-wing leaders were
elected by the copper workers union for the first time since
the left-wing government of Salvador Allende was overthrown in
a 1973 coup.
Nicanor Araya, a member of the Popular Democratic Movement
(MDP), was named president of the Chilean Confederation of
Copperworkers (... | Commodities and Trade |
GENCORP <GY> BIDDER PLANS SALE OF AEROSPACE UNIT
| <General Partners>, controlled by
privately-held Wagner and Brown and by AFG Industries Inc, said
plans to sell GenCorp Inc's aerospace and soft drink bottling
divisions if it succeeds in acquiring the company.
In a filing with the Securities and Exchange Commission,
General Partners said proceeds fr... | Commodities and Trade |
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