Jukaboo/Reuters · Datasets at Hugging Face

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COCOA DELEGATES OPTIMISTIC ON BUFFER STOCK RULES	Hopes mounted for an agreement on cocoa buffer stock rules at an International Cocoa Organization, ICCO, council meeting which opened here today, delegates said. Both producer and consumer ICCO members said after the opening session that prospects for an agreement on the cocoa market support mechanism w...	Other
STUARTS DEPARTMENT STORES <STUS> 4TH QTR NET	Ended Jan 31 Shr one ct vs 31 cts Net 29,000 vs 1,350,000 Revs 43.7 mln vs 32.4 mln Year Shr 29 cts vs 62 cts Net 1,251,000 vs 2,520,000 Revs 129.9 mln vs 96.1 mln NOTE: Full name Stuarts Department Stores Inc.	Financial Reports
IOMEGA CORP <IOMG> EXPECTS QTR AND YEAR LOSSES	Iomega Corp announced it expected revenues for the first quarter of 1987 to be significantly lower than planned and that it anticipated a loss for the quarter. In its annual report to be mailed to stockholders tomorrow, the company will announce its first quarter loss will be in excess of 10 mln dlrs ...	Commodities and Trade
3COM CORP <COMS> 3RD QTR FEB 28 NET	Shr 22 cts vs 13 cts Net 3,166,000 vs 1,780,000 Sales 30.4 mln vs 16.9 mln Avg shrs 14.6 mln vs 14.0 mln Nine mths Shr 56 cts vs 33 cts Net 7,961,000 vs 4,562,000 Sales 78.8 mln vs 44.7 mln Avg shrs 14.3 mln vs 13.9 mln	Corporate News
PORSCHE HALF-YEAR EARNINGS CALLED SATISFACTORY	Dr. Ing. H.C.F. Porsche AG <PSHG.F> said earnings in first half year 1986/87 were "satisfactory" despite burdens caused by the dollar's weakness against the mark and stagnating domestic demand. In its semi-annual shareholders' report, Porsche said first half turnover fell six pct to 1.71 billion mark...	Other
PROGRESSIVE BANK INC <PSBK>	Qtly div seven cts vs seven cts in prior qtr Payable April 15 Record March 31	Corporate News
GERIATRIC AND MEDICAL CENTERS INC <GEMC> PAYOUT	Qtly div two cts vs two cts prior Pay April 24 Record April Three	Other
CONVENIENT FOOD MART INC <CFMI> 4TH QTR NET	Period ended Dec 28 Shr 42 cts vs 35 cts Net 941,000 vs 786,000 Revs 12,798,000 vs 2,269,000 Year Shr 97 cts vs 83 cts Net 2,211,000 vs 1,841,000 Revs 19,027,000 vs 6,474,000 NOTE: 1985 period ended December 29 Share results adjusted for five-for-four stock split ...	Financial Reports
MEDCHEM PRODUCTS INC <MDCH> 2ND QTR FEB 28 NET	Shr 21 cts vs 21 cts Net 542,119 vs 520,668 Sales 2,035,759 vs 1,804,350 1st half Shr 38 cts vs 42 cts Net 956,228 vs 1,038,300 Sales 3,748,357 vs 3,482,066	Other
ARGENTINE OIL PRODUCTION DOWN IN JANUARY 1987	Argentine crude oil production was down 10.8 pct in January 1987 to 12.32 mln barrels, from 13.81 mln barrels in January 1986, Yacimientos Petroliferos Fiscales said. January 1987 natural gas output totalled 1.15 billion cubic metrers, 3.6 pct higher than 1.11 billion cubic metres produced in January ...	Other
U.K. MONEY MARKET GIVEN FURTHER 191 MLN STG HELP	The Bank of England said it gave the money market a further 191 mln stg assistance in the afternoon session. This takes the Bank's total help so far today to 372 mln stg and compares with its upwards revised estimate of the shortage in the system of around 400 mln stg. The central bank bought bank bills...	Other
<PAGURIAN CORP LTD> YEAR NET	Shr 1.64 dlrs vs 90 cts Net 64.9 mln vs 28.8 mln Revs 73 mln vs 35 mln NOTE: Shares outstanding 39.5 mln vs 32.1 mln. Avg shrs not given. Company recently raised equity and voting interests in <Hees International Corp> to 13.4 pct and 16.1 pct, respectively.	Corporate News
UNILEVER PLC ADJUSTS DIVIDEND	Unilever Plc <UN.AS> said a reduction in U.K. Advance Corporation Tax, (ACT) has prompted the company to adjust its 1986 final dividend to 36.17p per share from the originally declared 35.18p. Unilever's 1985 final dividend amounted 27.05p The adjustment stemmed from the dividend equalisation a...	Corporate News
JORDAN, SUDAN SIGN 100 MLN DLR BARTER TRADE PACT	Jordan and Sudan signed a barter trade agreement under which they will exchange 100 mln dlrs' worth of goods a year, Sudanese officials said. They said Sudan will export corn, sesame, peanuts, spices and cow hides, while Jordan will export cement, tomato puree, chemicals and pharmaceuticals.	Financial Reports
NEW MARKET EMERGES IN WARRANTS FOR GOLD	A new market has emerged in warrants to buy gold, a vehicle which bankers say brings some of the play of commodity options into the field of securities. Over the past three weeks, Swiss offices of American banks have launched a total of four issues of warrants with varying conditions, drawing on renewed...	Commodities and Trade
ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC	ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC	Other
METRO FUNDING SHAREHOLDERS APPROVE MERGER	<Metro Funding Corp> said its shareholders approved its merger into <Maxcom Corp> and its change of incorporation from Nevada to Delaware. Metro Funding also said its subsidiary, Comet Corp, will be renamed Maxcom USA. The company also reported shareholders approved the authorization of 500,...	Market and Economy
BLOCKBUSTER ENTERTAINMENT CORP <BBEC> YEAR LOSS	Oper shr loss 1.25 dlrs vs loss 44 cts Oper net loss 2,915,000 vs loss 951,000 Revs 8,131,000 vs 119,000 NOTE: 1985 net excludes 625,000 dlr gain from discontinued operations. Net includes tax credits of 860,000 dlrs vs 285,000 dlrs.	Financial Reports
TELECOM <TELE> SAYS SALE CLOSING DELAYED	Telecom Plus International Inc said the closing of the sale of its 65 pct interest in Tel Plus Communications Inc to <Siemens AG> has been delayed. The company said it will be continuing its talks with Siemens and based on current circumstances believes the transaction could close next week. Cl...	Corporate News
THE HOME DEPOT INC <HD> 4TH QTR FEB ONE NET	Shr 27 cts vs 10 cts Net 7,684,000 vs 2,587,000 Revs 273.9 mln vs 203.7 mln Year Shr 90 cts vs 33 cts Net 23.9 mln vs 8,219,000 Revs 1.01 billion vs 700.7 mln	Market and Economy
U.S. ENERGY CHIEF SEES PROMISE IN OIL-TAX CHANGE	Energy Secretary John Herrington said his proposed option to raise the oil depletion allowance to 27.5 pct was probably the most economically promising way to spur domestic production. The White House has said it would consider the option although it was generally opposed to any revisions in the new t...	Corporate News
U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY, SPENDING UP 1.7 PCT	U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY, SPENDING UP 1.7 PCT	Financial Reports
U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY	U.S. personal income rose 0.9 pct, or 32.4 billion dlrs, in February to a seasonally adjusted annual rate of 3,581.3 billion dlrs, the Commerce Department said. The increase followed a revised 0.2 pct rise in personal income during January. Earlier, the department estimated January personal income was...	Market and Economy
TULTEX CORP <TTX> SETS QUARTERLY DIVIDEND	Qtly div eights cts vs eight cts prior Pay April one Record March 13	Corporate News
U.K. MONEY MARKET GIVEN 40 MLN STG LATE ASSISTANCE	The bank of England said it provided the money market with late assistance of around 40 mln stg. This brings the Bank's total help today to some 412 mln stg and compares with its forecast of a shortage in the sytem of around 400 mln stg.	Market and Economy
HOG AND CATTLE SLAUGHTER GUESSTIMATES	Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating today's hog slaughter at about 295,000 to 305,000 head versus 307,000 week ago and 311,000 a year ago. Cattle slaughter is guesstimated at about 124,000 to 128,000 head versus 127,000 week ago and 126,000 a ...	Corporate News
DEUTSCHE BABCOCK SEES HIGHER 1986/87 PROFITS	Deutsche Babcock AG <DBCG.F> expects profits to rise in the current financial year ending September 9 although the earnings level is still unsatisfactory, managing board chairman Helmut Wiehn said. He told a news conference that business during the year had weakened somewhat but was still generally p...	Corporate News
SOVIET TIMECHARTERING BOOSTS GRAIN FREIGHT RATES	Current interest by Soviet charterers in taking Panamax vessels on timecharter, mainly from the U.S. To carry grain, is seen as the chief factor behind the recent surge in values on the Baltic International Freight Futures Exchange (BIFFEX), dealers said. Futures soared through the 1,000 points barrier ...	Corporate News
DROUGHT MAY REDUCE ZIMBABWE COFFEE OUTPUT -GROWERS	Zimbabwe's projected coffee output of 13,000 tonnes for 1987/88 could be reduced by drought, growers said. The main coffee growing areas in eastern Zimbabwe have received little rain since April 1986 and the Coffee Growers' Association has begun a survey to assess the effects of the drought, a spokesm...	Corporate News
PILLSBURY CO 3RD QTR SHR 56 CTS VS 63 CTS	PILLSBURY CO 3RD QTR SHR 56 CTS VS 63 CTS	Corporate News
CONTROL RESOURCE <CRIX> SEES LOWER EARNINGS	Control Resource Industries Inc said the company estimates 1986 earnings to be between 800,000 and 900,000 dlrs, or 22 to 25 cts per share, compared with 852,000 dlrs, or 33 cts per share, during 1985. The company said preliminary estimates of 1986 revenues is 24.5 mln dlrs, compared with 7,900,000 for ...	Other
MEDIQ <MED> IN AMERICAN MEDICAL <AMI> UNIT BUY	MEDIQ Inc said its MEDIQ Diagnostic Imaging Partners - I LP has signed a letter of intent to acquire substantially all the assets of American Medical International Inc's AMI Diagnostic Services Inc subsidiary for undisclosed terms. The company said AMI Diagnostic operates seven magnetic resonance and ...	Corporate News
CYCLOPS <CYL>BOARD RESTRUCTURED TO INCLUDE DIXON	Cyclops Corp said its board has been restructured under the terms of the company's merger agreement with <Dixons Group plc> following the British company's acquisition of 54 pct of Cyclops' stock. The company said its board is now composed of three Cyclops executives -- Chairman W.H. Knoell, Presiden...	Commodities and Trade
BLOCKBUSTER ENTERTAINMENT <BBEC> SELLING UNIT	Blockbuster Entertainment Corp said it will sell its investment in Amtech Corp to the company chairman, David Cook, and president, Kenneth Anderson. The company said the sale is taking place because Amtech is not compatible with Blockbuster's main line of business, will require substaintial additional f...	Corporate News
MANOR CARE INC <MNR> 3RD QTR FEB 28 NET	Shr 24 cts vs 21 cts Net 9,700,000 vs 8,286,000 Revs 120.6 mln vs 115.7 mln Avg shrs 40.0 mln vs 39.9 mln Year Shr 69 cts vs 68 cts Net 27.8 mln vs 27.1 mln Revs 374.9 mln vs 358.8 mln Avg shrs 40.0 mln vs 39.9 mln NOTE: 1986 year net includes charge of 2,396,000 ...	Corporate News
ADTEC INC <JAIL> 3RD QTR FEB 28 NET	Oper shr 11 cts vs 11 cts Oper net 164,000 vs 161,000 Revs 2,598,000 vs 2,241,000 Nine mths Oper shr 28 cts vs 18 cts Oper net 419,000 vs 276,000 Revs 6,983,000 vs 5,019,000 NOTE: Net excludes tax loss carryforwards 11,876 dlrs vs 83,045 dlrs in quarter and 36,684 dlrs vs 1...	Corporate News
CANADA JANUARY RETAIL SALES FALL 0.1 PCT AFTER DECEMBER'S 0.9 PCT GAIN - OFFICIAL	CANADA JANUARY RETAIL SALES FALL 0.1 PCT AFTER DECEMBER'S 0.9 PCT GAIN - OFFICIAL	Market and Economy
ACCORD SAID IN SIGHT IN BRAZIL SEAMEN'S STRIKE	An accord is in sight in Brazil's 20-day-old national seamen's strike, which has seriously delayed exports, a union official said. The official, speaking from strike headquarters in Rio de Janeiro, said up to 30,000 of Brazil's 40,000 seamen were still on strike. He said the others had returned to...	Other
NORTH AMERICAN GROUP <NAMG> BUYS GEORGIA FIRM	North American Group Ltd's North American Acquisition Corp said it has a definitive agreement to buy 100 pct of Pioneer Business Group Inc of Atlanta. Terms of the acquisition were not disclosed. Closing of the acquisition is scheduled for April. North American Acquisition said the agreement is subj...	Market and Economy
PILLSBURY CO <PSY> 3RD QTR FEB 28 NET	Shr 56 cts vs 63 cts Net 48,500,000 vs 55,400,000 Sales 1.53 billion vs 1.46 billion Avg shrs 86.6 mln vs 87.3 mln Nine mths Shr 1.73 dlrs vs 1.79 dlrs Net 150,300,000 vs 156,200,000 Sales 4.60 billion vs 4.30 billion Avg shrs 86.7 mln vs 87.3 mln NOTE: 1987 resul...	Market and Economy
JIM WALTER CORP 2ND QTR SHR 86 CTS VS 62 CTS	JIM WALTER CORP 2ND QTR SHR 86 CTS VS 62 CTS	Other
COLOMBIA WILL NOT ATTEND MANAGUA COFFEE MEETING	Colombia will not attend a meeting of coffee producing countries scheduled for this weekend in Nicaragua, Jorge Cadenas, manager of the National Coffee Growers' Federation, said. "We prefer to wait until things are better prepared," he told Reuters. He added the meeting could be postponed. Colombi...	Financial Reports
SOVIET FIRM SAYS TALKS ON FOR PHILIPPINE MINE	Preliminary talks are on between two state-owned Philippine banks and Soviet metal trading and equipment sales company Tsvetmetpromexport on rescuing Nonoc Mining and Industrial Corp (NMIC) which operates the Philippines' only nickel refinery, a Soviet official said. G.I. Valentchits, Deputy Trade Minis...	Corporate News
JIM WALTER CORP <JWC> 2ND QTR FEB 28 NET	Shr 86 cts vs 62 cts Shr diluted 86 cts vs 59 cts Net 28.0 mln vs 18.3 mln Revs 513.5 mln vs 517.0 mln First half Shr 2.03 dlrs vs 1.78 dlrs Shr diluted 2.03 dlrs vs 1.61 dlrs Net 65.9 mln vs 50.0 mln Revs 1.11 billion vs 1.08 billion Avg shrs 32.4 mln vs 28.1 mln...	Other
CANADA RETAIL SALES FALL 0.1 PCT IN JANUARY	Canada's retail sales, seasonally adjusted, fell 0.1 pct in January after gaining 0.9 pct in December, Statistics Canada said. Retail sales fell to 11.98 billion dlrs from 11.99 billion dlrs in December, 1986. Unadjusted sales were 6.9 pct higher than in January, 1986. In January, automobile sales...	Other
SCAN-GRAPHICS TO MERGE WITH PUBLIC COMPANY	Scan-Graphics Inc said it will be acquired by Captive Venture Capital Inc, a public company, in a stock transaction approved by shareholders of both companies. As a result of the merger, the former shareholders of Scan-Graphics will become the majority shareholders of Captive Venture Capital. The name...	Financial Reports
WISCONSIN POWER AND LIGHT CO <WPL>VOTES PAYOUT	Qtly div 76 cts vs 76 cts prior qtr Pay 15 May Record 30 April	Industrial and Sector News
GOODMARK FOODS INC <GDMK> 2ND QTR FEB 22 NET	Shr 19 cts vs 18 cts Net 835,000 vs 794,000 Sales 23.9 mln vs 20.5 mln Nine mths Shr 47 cts vs 91 cts Net 2,104,000 vs 3,489,000 Sales 74.5 mln vs 65.2 mln Avg shrs 4,450,675 vs 3,822,894	Financial Reports
ECONOMIC SPOTLIGHT - U.S. DEFICIT WITH NICs	The U.S. trade deficit with Taiwan and Korea is expected to widen this year, despite some economic and currency adjustments by the two newly industrialized countries, economists said. "The surpluses that Taiwan and Korea ran with the U.S. in 1986 will get bigger. This time next year, the U.S. will be ...	Industrial and Sector News
RANK XEROX <XRX> TO SELL SOUTH AFRICAN UNIT	Xerox Corp's U.K. unit, Rank Xerox Ltd, said it agreed in principle to sell its South African company, Rank Xerox South Africa Pty Ltd, to <Altron Group's> Fintech unit. Terms of the deal were not disclosed. Altron said the acquisition was key to making Fintech an office systems company. ...	Financial Reports
COUNTRYWIDE CREDIT INDUSTRIES INC <CCR> 4TH QTR	Feb 28 end Shr 44 cts vs 16 cts Shr diluted 37 cts vs 16 cts Net 5,378,000 vs 1,987,000 Revs 26.8 mln vs 14.6 mln Avg shrs 12.4 mln vs 12.1 mln Shr 1.26 dlrs vs 45 cts Shr diluted 1.10 dlrs vs 45 cts Net 15.5 mln vs 5,401,000 Revs 80.3 mln vs 46.4 mln NOTE: ...	Industrial and Sector News
TALKING POINT/VIACOM INTERNATIONAL <VIA>	A bidding war for Viacom International Inc, one of the largest U.S. entertainment companies, pitted a management group and other investors against National Amusements Inc, a closely held theater operator. Both sides raised their bids over the weekend. A source close to the management side insisted that ...	Commodities and Trade
COUNTRYWIDE CREDIT <CCR> SETS HIGHER DIVIDEND	Countrywide Credit Industries Inc said its board declared an eight ct per share quarterly dividend, up from seven cts last quarter, and a two pct stock dividend. The cash dividend is payable April 14 to holders of record March 30 and the stock dividend is payable April 17 to holders of record March 31...	Financial Reports
MADAGASCAR COFFEE PRODUCTION SEEN LOWER IN 1987	Madagascar's available coffee output is estimated at 80,725 tonnes this year, down from 82,210 in 1986, due to a rundown of government agricultural services and the poor state of feeder roads in rural areas, Agriculture Ministry sources said. This is after accounting for the loss of some 15,000 to 20,...	Financial Reports
EXCEL INDUSTRIES INC <EXC> BOOSTS DIVIDEND	Qtly div nine cts vs eight cts prior qtr Pay 20 April Record 3 April	Corporate News
BAKER, FENTRESS AND CO <BKFR> VOTES DIVIDEND	Qtly div 25 cts vs 25 cts prior qtr Payable 10 June Record 15 May	Financial Reports
AMCAST <ACST> COMPLETES SALE OF NEWMAN DIVISION	Amcast Industrial Corp said it completed the sale of its Newman Division to Newman Manufacturing Inc, a new company formed by Newman's employees. The sale price was not disclosed. Amcast said Newman's Kendallville, Indiana plant is one of the country's largest producers of gray iron castings for the...	Financial Reports
UP-RIGHT INC <UPRI> 4TH QTR OPER NET	Oper shr five cts vs 29 cts Oper net 151,000 vs 867,000 Revs 12.7 mln vs 14.1 mln Year Oper shr 87 cts vs 52 cts Oper net 2,650,000 vs 1,565,000 Revs 54.7 mln vs 49.1 mln Note: oper data does not include 4th qtr 1986 extraordinary credit of 14,000 dlrs or 4th qtr 1985 extra...	Commodities and Trade
U.S. ENERGY SECRETARY RULES OUT GASOLINE TAX	Energy Secretary John Herrington said he would rule out a tax on gasoline as one option to help avert what his departmet has called the threat of increased reliance on foreign oil in the coming years. He said at a news conference that any recommendation he would make would have to increase domestic prod...	Corporate News
U.S. ENERGY CHIEF RULES OUT GASOLINE TAX AS WAY TO AVERT PENDING OIL CRISIS	U.S. ENERGY CHIEF RULES OUT GASOLINE TAX AS WAY TO AVERT PENDING OIL CRISIS	Market and Economy
USDA ASKS TIGHT INSECT RULES FOR GRAIN SHIPMENTS	The U.S. Agriculture Department is proposing tighter federal standards setting allowable limits on insect infestations in grain shipments. The changes in the standards would include the following: -- Establishing equal tolerances for the number of live insects in shipments of food grains, feed grain...	Financial Reports
PILLSBURY <PSY> HURT BY RESTAURANT OPERATIONS	Pillsbury Corp, reporting lower earnings for the third quarter ended February 28, said a strong performance by its Foods Group was offset by Restaurants Group declines. Excluding unusual items, it said restaurants operating profit was down in the quarter 12 pct from a year ago as sales rose four pct. ...	Financial Reports
AGENCY RENT-A-CAR INC <AGNC> 4TH QTR JAN 31 NET	Shr 26 cts vs 21 cts Net 5,553,000 vs 4,307,000 Revs 45.1 mln vs 34.2 mln Year Shr 86 cts vs 67 cts Net 18.2 mln vs 14.0 mln Revs 161.1 mln vs 118.3 mln NOTE: Share adjusted for stock dividends.	Corporate News
AGENCY RENT-A-CAR <AGNC> SETS STOCK DIVIDEND	Agency Rent-A-Car Inc said its board declared a five pct stock dividend, payable May 22 to holders of record on May 8. The company also said it plans to increase the size of its rental fleet in the year ending January 31 by 20 to 25 pct and expand its rental office network.	Corporate News
FED EXPECTED TO TAKE NO MONEY MARKET ACTION	The Federal Reserve is expected to refrain from reserve-management intervention in the U.S. Government securities market, economists said. If the Fed does act, however, they said it would be likely to add temporary reserves indirectly by arranging around 1.5 billion dlrs of customer repurchase agreement...	Corporate News
ASCS SEEKS OFFERS TO PROCESS CCC ROUGH RICE	The Agricultural Stabilization and Conservation Service (ASCS) is seeking offers to process rough rice owned by the Commodity Credit Corporation (CCC) and deliver about 27.0 mln pounds of milled rice for export shipment May 6-20 and May 21-June 5, an ASCS spokesman said. Offers must be received by 1300 ...	Corporate News
EC MINISTERS AGREE NEED FOR BIG STEEL CLOSURES	European Community (EC) industry ministers today declared there is a need for a massive round of closures of steel plants to bring capacity in the 12-country bloc into reasonable balance with demand. The ministers were meeting to discuss a plan for voluntary plant closures drawn up by the industry lobby...	Corporate News
MURGOLD RESOURCES <MGDVF> DETAILS ASSAYS	Murgold Resources Inc said assays received from 320 feet of drifting on the number-three vein at the Chester Township property south of Timmins, Ontario, indicate an average of 0.528 ounce of gold per ton across an average width of five feet for the 320-foot length. The last working face assayed 0.422 o...	Financial Reports
(CORRECTED) - FEDERAL PAPER BOARD CO <FBO> PAYOUT	Qtly div 17.5 cts vs 17.5 cts in prior qtr Payable April 15 Record March 31 (Company corrects amount of previous payment in MARCH 18 item to show there was no change)	Corporate News
ALCOA <AA> TO SELL AMERICAN POWDERED METALS	Aluminum Co of America said it has signed a letter of intent to sell its American Powdered Metals Co subsidiary to R.W. Technology Inc for undisclosed terms, with completion expected in early May. American Powdered makes metal parts for various industries.	Financial Reports
BRITOIL SEES LOWER U.K. EXPLORATION EXPENDITURE	Britoil Plc's <BTOL.L> exploration expenditure for the U.K. In 1987 was likely to be only about a third of the level in 1986, though overseas expenditure would remain approximately the same, Chief executive David Walker said. He told reporters following the release of the company's 1986 figures tha...	Financial Reports
U.K. REVISES RETAIL PRICE INDEX FROM FEBRUARY	The U.K. Government tomorrow will release the first of its Retail Price Index (RPI) figures calculated on a revised group of components and rebased on January 1987, as previously announced, the Employment Department said. The index, Britain's measure of inflation, is for February. Earlier data will no...	Financial Reports
TALKS SHOW NEW CANADIAN CONFIDENCE, GROUP SAYS	Canada's decision to raise the issue of a free trade pact with the U.S. was a sign of what many see as a new spirit of Canadian self-confidence, a public policy study group said "It suggests the Canada of the immediate post-war period, when it was a major player in the process of building a postwar w...	Corporate News
SAND TECHNOLOGY SYSTEMS <SNDCF> 2ND QTR NET	ended January 31 Shr nil vs nil Net profit 351,000 vs loss 243,000 Sales 7,050,000 vs 7,012,000 Avg shrs 106,780,000 vs 93,666,000 Six mths Shr loss one ct vs loss one ct Net loss 999,000 vs loss 563,000 Sales 10.6 mln vs 13.0 mln Avg shrs 106,641,000 vs 92,986,00...	Corporate News
RYAN'S FAMILY STEAK HOUSE <RYAN> SETS SPLIT	Ryan's Family Steak Houses Inc said its board declared a three-for-one stock split, payable May 20 to holders of record May 6. The company said the split is subject to shareholder approval of an increase in authorized shares to 100 mln from 20 mln at the April 22 annual meeting.	Financial Reports
French official reserves 388.68 billion francs at end Feb vs 375.95 billion end Jan	French official reserves 388.68 billion francs at end Feb vs 375.95 billion end Jan	Financial Reports
INERTIA DYNAMICS <TRIM> TO PAY STOCK DIVIDEND	Inertia Dynamics Corp said it declared a 50 pct stock dividend, payable May 1 to shareholders of record April 3.	Financial Reports
CSP INC <CSPI> 2ND QTR FEB 28 NET	Shr one ct vs 21 cts Net 24,000 vs 612,000 Sales 2,061,000 vs 3,914,000 1st half Shr eight cts vs 43 cts Net 223,000 vs 1,220,000 Sales 4,584,000 vs 7,912,000	Corporate News
PUBLISHERS EQUIPMENT CORP <PECN> YEAR NET	Shr profit eight cts vs loss 23 cts Net profit 251,000 vs loss 731,000 Revs 29.1 mln vs 25.9 mln Backlog 18.9 mln vs 12.5 mln	Commodities and Trade
CAVALIER HOMES INC <CAVH> 4TH QTR NET	Shr 10 cts vs 14 cts Net 191,465 vs 193,799 Sales 7,160,945 vs 6,576,670 Avg shrs 2,000,565 vs 1,400,000 Year Oper shr 33 cts vs 50 cts Oper net 605,725 vs 694,785 Sales 23.3 mln vs 22.1 mln Avg shrs 1,840,692 vs 1,400,000 NOTE: 1985 year net excludes 30,000 dlr t...	Financial Reports
COLONIAL COMMERCIAL CORP <CCOM> 4TH QTR NET	Shr not given Oper net profit 405,914 vs loss 145,380 Revs 2,446,901 vs 1,295,187 Year Shr not given Oper net profit 1,211,465 vs loss 178,101 Revs 9,085,222 vs 4,995,735 NOTE: Earnings from 1983 on benefit preferred shareholders until preferred shareholders' equity equals ...	Corporate News
PANAMA CANAL OFFICIAL CONFIRMS NO 1988 TOLL RISE	Panama Canal toll charges will not rise in the year to end-September 1988, despite last October's landslide which dumped 0.5 mln cubic yards of debris into the waterway, Canal Commission Administrator Dennis McAuliffe said. He told a press conference that in confirming the Commission's earlier announcem...	Financial Reports
RICHARDSON <RELL>TO BUY ITALIAN SEMICONDUCTOR FIRM	Richardson Electronics Ltd said it agreed to buy for undisclosed terms, G.E.B., Giant Electronics Brand, a Florence, Italy-based distributor of electron tubes and semiconductors.	Commodities and Trade
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS	FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS	Commodities and Trade
EC GRANTS 25,000 TONNES BARLEY, 80,000 FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS	EC GRANTS 25,000 TONNES BARLEY, 80,000 FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS	Corporate News
FED ADDS RESERVES VIA CUSTOMER REPURCHASES	The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements, a Fed spokesman said. Dealers said Federal funds were trading at six pct when the Fed began its temporary and indirect supply of reserves to the banking system.	Corporate News
DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14	DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14	Market and Economy
PUBLIC SERVICE CO OF N.H.<PNH> OMITS DIVIDEND	Public Service Co of New Hampshire said its board voted to omit the quarterly dividend which would have been paid on May 15. The company said the omission is the thirteenth consecutive dividend omission.	Corporate News
REXNORD INC <REX> 1ST QTR JAN 31 LOSS	Shr loss 76 cts vs profit 50 cts Net loss 19,186,000 vs profit 12,438,000 Sales 157.9 mln vs 149.2 mln NOTE: Fiscal 1987 net loss includes a pretax charge of 19.5 mln dlrs from restructuring and an after tax charge of about seven mln dlrs from debt prepayment premiums. Fiscal 1986 net prof...	Financial Reports
TRADERS DETAIL EC GRAIN EXPORT LICENCES	The EC Commission granted 25,000 tonnes of free market barley export licences at today's tender and 80,000 tonnes of French maize, grain traders said. The maximum export rebate for barley was set at 137.25 Ecus and for maize at 129.75 Ecus per tonne. All bids for wheat were rejected, they said.	Corporate News
CARSON <CRN> CITES IMPACT OF TAX REFORM ACT	Carson Pirie Scott and Co said the Tax Reform Act of 1986, which repealed investment tax credits, had a negative impact of 22 cts a share on earnings for the year ended January 31. Earlier, Carson reported yearly per-share earnings of 1.83 dlrs, down from 1.86 dlrs a year ago. Average shares increased ...	Financial Reports
DOMTAR PLANS TWO-FOR-ONE STOCK SPLIT	<Domtar Inc> said it plans a two-for-one stock split to take effect May 14. The company said shareholders will be asked to approve the split at the annual meeting on April 29. Domtar said its directors believe the split could favorably affect marketability of the shares and encourage wider dist...	Corporate News
FINANCIAL PERFORMANCE <FPCC> PURSUES EXPANSION	Financial Performance Corp said it continued its rapid expansion with a signing of a partnership agreement with Gold Sierra Financial Advisors, founded by former Bank of America officers in capital markets. It said the agreement, under which it owns 50 pct of the partnership, enables it to move into the...	Financial Reports
ALBERTSON'S INC <ABS> RAISES QTLY DIVIDEND	Shr 24 cts vs 21 cts Pay May 25 Record May eight	Commodities and Trade
FED APPROVES AMSOUTH <ASO> AFFILIATION	AmSouth Corp said the Federal Reserve Board approved the affiliation of First Tuskaloosa Corp with Amsouth. The approval was the final regulatory step in the affiliation process which began in August, Amsouth said. Under terms of the affiliation, each First Tuskaloosa shareholder will receive 66 d...	Financial Reports
FRENCH FEBRUARY OFFICIAL RESERVES RISE	French official reserves rose 12.73 billion francs to 388.68 billion francs at the end of February from 375.95 billion at the end of January, the Finance Ministry said. It said in a statement the rise was mainly due to inflows of foreign currency through the exchange stabilisation fund, which resulted...	Corporate News
FRENCH INSTITUTE PESSIMISTIC ON 1987 GROWTH	French gross domestic product will grow by only 1.5 pct in real terms this year, compared with the government's forecast of two to 2.5 pct growth, the private Institut des Previsions Economiques et Financieres pour le Developpement des Entreprises (IPECODE) said. However, it expects growth to recover ne...	Corporate News
INDEPENDENCE BANCORP <INBC> COMPLETES MERGER	Independence Bancorp Inc said it completed its merger with Scranton, Penn.-based <Third National Bank and Trust Co>, with assets of 316 mln dlrs. Independence said its combined assets are now 2.5 billion dlrs. The company said that each share of Third National common will be exchanged for 4.06 ...	Financial Reports
RIVERSIDE GROUP INC <RSGI> 4TH QTR	Shr 55 cts vs 93 cts Net 1.6 mln vs 2.6 mln Revs 5.3 mln vs 1.2 mln Year Shr 73 cts vs 1.36 dlrs Net 2.0 mln vs 3.0 mln Revs 9.1 mln vs 11.0 mln NOTE:1985 net includes 2.7 mln dlrs gain on disposal of unit. 1986 includes operations of Dependable Insurance Gruop Inc.	Financial Reports
<I.T.L. INDUSTRIES LTD> 1ST QTR FEB 28 NET	Oper shr loss two cts vs profit three cts Oper net profit 301,000 dlrs vs profit 130,000 Revs 10.5 mln vs eight mln NOTE: Dividends on preferred shares 370,000 dlrs vs 51,000 dlrs. Oper net excludes gains on tax loss carryforward of 247,000 dlrs vs 118,000 dlrs.	Commodities and Trade

COCOA DELEGATES OPTIMISTIC ON BUFFER STOCK RULES

Hopes mounted for an agreement on cocoa buffer stock rules at an International Cocoa Organization, ICCO, council meeting which opened here today, delegates said. Both producer and consumer ICCO members said after the opening session that prospects for an agreement on the cocoa market support mechanism w...

Other

STUARTS DEPARTMENT STORES <STUS> 4TH QTR NET

Ended Jan 31 Shr one ct vs 31 cts Net 29,000 vs 1,350,000 Revs 43.7 mln vs 32.4 mln Year Shr 29 cts vs 62 cts Net 1,251,000 vs 2,520,000 Revs 129.9 mln vs 96.1 mln NOTE: Full name Stuarts Department Stores Inc.

Financial Reports

IOMEGA CORP <IOMG> EXPECTS QTR AND YEAR LOSSES

Iomega Corp announced it expected revenues for the first quarter of 1987 to be significantly lower than planned and that it anticipated a loss for the quarter. In its annual report to be mailed to stockholders tomorrow, the company will announce its first quarter loss will be in excess of 10 mln dlrs ...

Commodities and Trade

3COM CORP <COMS> 3RD QTR FEB 28 NET

Shr 22 cts vs 13 cts Net 3,166,000 vs 1,780,000 Sales 30.4 mln vs 16.9 mln Avg shrs 14.6 mln vs 14.0 mln Nine mths Shr 56 cts vs 33 cts Net 7,961,000 vs 4,562,000 Sales 78.8 mln vs 44.7 mln Avg shrs 14.3 mln vs 13.9 mln

Corporate News

PORSCHE HALF-YEAR EARNINGS CALLED SATISFACTORY

Dr. Ing. H.C.F. Porsche AG <PSHG.F> said earnings in first half year 1986/87 were "satisfactory" despite burdens caused by the dollar's weakness against the mark and stagnating domestic demand. In its semi-annual shareholders' report, Porsche said first half turnover fell six pct to 1.71 billion mark...

Other

PROGRESSIVE BANK INC <PSBK>

Qtly div seven cts vs seven cts in prior qtr Payable April 15 Record March 31

Corporate News

GERIATRIC AND MEDICAL CENTERS INC <GEMC> PAYOUT

Qtly div two cts vs two cts prior Pay April 24 Record April Three

Other

CONVENIENT FOOD MART INC <CFMI> 4TH QTR NET

Period ended Dec 28 Shr 42 cts vs 35 cts Net 941,000 vs 786,000 Revs 12,798,000 vs 2,269,000 Year Shr 97 cts vs 83 cts Net 2,211,000 vs 1,841,000 Revs 19,027,000 vs 6,474,000 NOTE: 1985 period ended December 29 Share results adjusted for five-for-four stock split ...

Financial Reports

MEDCHEM PRODUCTS INC <MDCH> 2ND QTR FEB 28 NET

Shr 21 cts vs 21 cts Net 542,119 vs 520,668 Sales 2,035,759 vs 1,804,350 1st half Shr 38 cts vs 42 cts Net 956,228 vs 1,038,300 Sales 3,748,357 vs 3,482,066

Other

ARGENTINE OIL PRODUCTION DOWN IN JANUARY 1987

Argentine crude oil production was down 10.8 pct in January 1987 to 12.32 mln barrels, from 13.81 mln barrels in January 1986, Yacimientos Petroliferos Fiscales said. January 1987 natural gas output totalled 1.15 billion cubic metrers, 3.6 pct higher than 1.11 billion cubic metres produced in January ...

Other

U.K. MONEY MARKET GIVEN FURTHER 191 MLN STG HELP

The Bank of England said it gave the money market a further 191 mln stg assistance in the afternoon session. This takes the Bank's total help so far today to 372 mln stg and compares with its upwards revised estimate of the shortage in the system of around 400 mln stg. The central bank bought bank bills...

Other

<PAGURIAN CORP LTD> YEAR NET

Shr 1.64 dlrs vs 90 cts Net 64.9 mln vs 28.8 mln Revs 73 mln vs 35 mln NOTE: Shares outstanding 39.5 mln vs 32.1 mln. Avg shrs not given. Company recently raised equity and voting interests in <Hees International Corp> to 13.4 pct and 16.1 pct, respectively.

Corporate News

UNILEVER PLC ADJUSTS DIVIDEND

Unilever Plc <UN.AS> said a reduction in U.K. Advance Corporation Tax, (ACT) has prompted the company to adjust its 1986 final dividend to 36.17p per share from the originally declared 35.18p. Unilever's 1985 final dividend amounted 27.05p The adjustment stemmed from the dividend equalisation a...

Corporate News

JORDAN, SUDAN SIGN 100 MLN DLR BARTER TRADE PACT

Jordan and Sudan signed a barter trade agreement under which they will exchange 100 mln dlrs' worth of goods a year, Sudanese officials said. They said Sudan will export corn, sesame, peanuts, spices and cow hides, while Jordan will export cement, tomato puree, chemicals and pharmaceuticals.

Financial Reports

NEW MARKET EMERGES IN WARRANTS FOR GOLD

A new market has emerged in warrants to buy gold, a vehicle which bankers say brings some of the play of commodity options into the field of securities. Over the past three weeks, Swiss offices of American banks have launched a total of four issues of warrants with varying conditions, drawing on renewed...

Commodities and Trade

ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC

Other

METRO FUNDING SHAREHOLDERS APPROVE MERGER

<Metro Funding Corp> said its shareholders approved its merger into <Maxcom Corp> and its change of incorporation from Nevada to Delaware. Metro Funding also said its subsidiary, Comet Corp, will be renamed Maxcom USA. The company also reported shareholders approved the authorization of 500,...

Market and Economy

BLOCKBUSTER ENTERTAINMENT CORP <BBEC> YEAR LOSS

Oper shr loss 1.25 dlrs vs loss 44 cts Oper net loss 2,915,000 vs loss 951,000 Revs 8,131,000 vs 119,000 NOTE: 1985 net excludes 625,000 dlr gain from discontinued operations. Net includes tax credits of 860,000 dlrs vs 285,000 dlrs.

Financial Reports

TELECOM <TELE> SAYS SALE CLOSING DELAYED

Telecom Plus International Inc said the closing of the sale of its 65 pct interest in Tel Plus Communications Inc to <Siemens AG> has been delayed. The company said it will be continuing its talks with Siemens and based on current circumstances believes the transaction could close next week. Cl...

Corporate News

THE HOME DEPOT INC <HD> 4TH QTR FEB ONE NET

Shr 27 cts vs 10 cts Net 7,684,000 vs 2,587,000 Revs 273.9 mln vs 203.7 mln Year Shr 90 cts vs 33 cts Net 23.9 mln vs 8,219,000 Revs 1.01 billion vs 700.7 mln

Market and Economy

U.S. ENERGY CHIEF SEES PROMISE IN OIL-TAX CHANGE

Energy Secretary John Herrington said his proposed option to raise the oil depletion allowance to 27.5 pct was probably the most economically promising way to spur domestic production. The White House has said it would consider the option although it was generally opposed to any revisions in the new t...

Corporate News

U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY, SPENDING UP 1.7 PCT

Financial Reports

U.S. PERSONAL INCOME ROSE 0.9 PCT IN FEBRUARY

U.S. personal income rose 0.9 pct, or 32.4 billion dlrs, in February to a seasonally adjusted annual rate of 3,581.3 billion dlrs, the Commerce Department said. The increase followed a revised 0.2 pct rise in personal income during January. Earlier, the department estimated January personal income was...

Market and Economy

TULTEX CORP <TTX> SETS QUARTERLY DIVIDEND

Qtly div eights cts vs eight cts prior Pay April one Record March 13

Corporate News

U.K. MONEY MARKET GIVEN 40 MLN STG LATE ASSISTANCE

The bank of England said it provided the money market with late assistance of around 40 mln stg. This brings the Bank's total help today to some 412 mln stg and compares with its forecast of a shortage in the sytem of around 400 mln stg.

Market and Economy

HOG AND CATTLE SLAUGHTER GUESSTIMATES

Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating today's hog slaughter at about 295,000 to 305,000 head versus 307,000 week ago and 311,000 a year ago. Cattle slaughter is guesstimated at about 124,000 to 128,000 head versus 127,000 week ago and 126,000 a ...

Corporate News

DEUTSCHE BABCOCK SEES HIGHER 1986/87 PROFITS

Deutsche Babcock AG <DBCG.F> expects profits to rise in the current financial year ending September 9 although the earnings level is still unsatisfactory, managing board chairman Helmut Wiehn said. He told a news conference that business during the year had weakened somewhat but was still generally p...

Corporate News

SOVIET TIMECHARTERING BOOSTS GRAIN FREIGHT RATES

Current interest by Soviet charterers in taking Panamax vessels on timecharter, mainly from the U.S. To carry grain, is seen as the chief factor behind the recent surge in values on the Baltic International Freight Futures Exchange (BIFFEX), dealers said. Futures soared through the 1,000 points barrier ...

Corporate News

DROUGHT MAY REDUCE ZIMBABWE COFFEE OUTPUT -GROWERS

Zimbabwe's projected coffee output of 13,000 tonnes for 1987/88 could be reduced by drought, growers said. The main coffee growing areas in eastern Zimbabwe have received little rain since April 1986 and the Coffee Growers' Association has begun a survey to assess the effects of the drought, a spokesm...

Corporate News

PILLSBURY CO 3RD QTR SHR 56 CTS VS 63 CTS

Corporate News

CONTROL RESOURCE <CRIX> SEES LOWER EARNINGS

Control Resource Industries Inc said the company estimates 1986 earnings to be between 800,000 and 900,000 dlrs, or 22 to 25 cts per share, compared with 852,000 dlrs, or 33 cts per share, during 1985. The company said preliminary estimates of 1986 revenues is 24.5 mln dlrs, compared with 7,900,000 for ...

Other

MEDIQ <MED> IN AMERICAN MEDICAL <AMI> UNIT BUY

MEDIQ Inc said its MEDIQ Diagnostic Imaging Partners - I LP has signed a letter of intent to acquire substantially all the assets of American Medical International Inc's AMI Diagnostic Services Inc subsidiary for undisclosed terms. The company said AMI Diagnostic operates seven magnetic resonance and ...

Corporate News

CYCLOPS <CYL>BOARD RESTRUCTURED TO INCLUDE DIXON

Cyclops Corp said its board has been restructured under the terms of the company's merger agreement with <Dixons Group plc> following the British company's acquisition of 54 pct of Cyclops' stock. The company said its board is now composed of three Cyclops executives -- Chairman W.H. Knoell, Presiden...

Commodities and Trade

BLOCKBUSTER ENTERTAINMENT <BBEC> SELLING UNIT

Blockbuster Entertainment Corp said it will sell its investment in Amtech Corp to the company chairman, David Cook, and president, Kenneth Anderson. The company said the sale is taking place because Amtech is not compatible with Blockbuster's main line of business, will require substaintial additional f...

Corporate News

MANOR CARE INC <MNR> 3RD QTR FEB 28 NET

Shr 24 cts vs 21 cts Net 9,700,000 vs 8,286,000 Revs 120.6 mln vs 115.7 mln Avg shrs 40.0 mln vs 39.9 mln Year Shr 69 cts vs 68 cts Net 27.8 mln vs 27.1 mln Revs 374.9 mln vs 358.8 mln Avg shrs 40.0 mln vs 39.9 mln NOTE: 1986 year net includes charge of 2,396,000 ...

Corporate News

ADTEC INC <JAIL> 3RD QTR FEB 28 NET

Oper shr 11 cts vs 11 cts Oper net 164,000 vs 161,000 Revs 2,598,000 vs 2,241,000 Nine mths Oper shr 28 cts vs 18 cts Oper net 419,000 vs 276,000 Revs 6,983,000 vs 5,019,000 NOTE: Net excludes tax loss carryforwards 11,876 dlrs vs 83,045 dlrs in quarter and 36,684 dlrs vs 1...

Corporate News

CANADA JANUARY RETAIL SALES FALL 0.1 PCT AFTER DECEMBER'S 0.9 PCT GAIN - OFFICIAL

Market and Economy

ACCORD SAID IN SIGHT IN BRAZIL SEAMEN'S STRIKE

An accord is in sight in Brazil's 20-day-old national seamen's strike, which has seriously delayed exports, a union official said. The official, speaking from strike headquarters in Rio de Janeiro, said up to 30,000 of Brazil's 40,000 seamen were still on strike. He said the others had returned to...

Other

NORTH AMERICAN GROUP <NAMG> BUYS GEORGIA FIRM

North American Group Ltd's North American Acquisition Corp said it has a definitive agreement to buy 100 pct of Pioneer Business Group Inc of Atlanta. Terms of the acquisition were not disclosed. Closing of the acquisition is scheduled for April. North American Acquisition said the agreement is subj...

Market and Economy

PILLSBURY CO <PSY> 3RD QTR FEB 28 NET

Shr 56 cts vs 63 cts Net 48,500,000 vs 55,400,000 Sales 1.53 billion vs 1.46 billion Avg shrs 86.6 mln vs 87.3 mln Nine mths Shr 1.73 dlrs vs 1.79 dlrs Net 150,300,000 vs 156,200,000 Sales 4.60 billion vs 4.30 billion Avg shrs 86.7 mln vs 87.3 mln NOTE: 1987 resul...

Market and Economy

JIM WALTER CORP 2ND QTR SHR 86 CTS VS 62 CTS

Other

COLOMBIA WILL NOT ATTEND MANAGUA COFFEE MEETING

Colombia will not attend a meeting of coffee producing countries scheduled for this weekend in Nicaragua, Jorge Cadenas, manager of the National Coffee Growers' Federation, said. "We prefer to wait until things are better prepared," he told Reuters. He added the meeting could be postponed. Colombi...

Financial Reports

SOVIET FIRM SAYS TALKS ON FOR PHILIPPINE MINE

Preliminary talks are on between two state-owned Philippine banks and Soviet metal trading and equipment sales company Tsvetmetpromexport on rescuing Nonoc Mining and Industrial Corp (NMIC) which operates the Philippines' only nickel refinery, a Soviet official said. G.I. Valentchits, Deputy Trade Minis...

Corporate News

JIM WALTER CORP <JWC> 2ND QTR FEB 28 NET

Shr 86 cts vs 62 cts Shr diluted 86 cts vs 59 cts Net 28.0 mln vs 18.3 mln Revs 513.5 mln vs 517.0 mln First half Shr 2.03 dlrs vs 1.78 dlrs Shr diluted 2.03 dlrs vs 1.61 dlrs Net 65.9 mln vs 50.0 mln Revs 1.11 billion vs 1.08 billion Avg shrs 32.4 mln vs 28.1 mln...

Other

CANADA RETAIL SALES FALL 0.1 PCT IN JANUARY

Canada's retail sales, seasonally adjusted, fell 0.1 pct in January after gaining 0.9 pct in December, Statistics Canada said. Retail sales fell to 11.98 billion dlrs from 11.99 billion dlrs in December, 1986. Unadjusted sales were 6.9 pct higher than in January, 1986. In January, automobile sales...

Other

SCAN-GRAPHICS TO MERGE WITH PUBLIC COMPANY

Scan-Graphics Inc said it will be acquired by Captive Venture Capital Inc, a public company, in a stock transaction approved by shareholders of both companies. As a result of the merger, the former shareholders of Scan-Graphics will become the majority shareholders of Captive Venture Capital. The name...

Financial Reports

WISCONSIN POWER AND LIGHT CO <WPL>VOTES PAYOUT

Qtly div 76 cts vs 76 cts prior qtr Pay 15 May Record 30 April

Industrial and Sector News

GOODMARK FOODS INC <GDMK> 2ND QTR FEB 22 NET

Shr 19 cts vs 18 cts Net 835,000 vs 794,000 Sales 23.9 mln vs 20.5 mln Nine mths Shr 47 cts vs 91 cts Net 2,104,000 vs 3,489,000 Sales 74.5 mln vs 65.2 mln Avg shrs 4,450,675 vs 3,822,894

Financial Reports

ECONOMIC SPOTLIGHT - U.S. DEFICIT WITH NICs

The U.S. trade deficit with Taiwan and Korea is expected to widen this year, despite some economic and currency adjustments by the two newly industrialized countries, economists said. "The surpluses that Taiwan and Korea ran with the U.S. in 1986 will get bigger. This time next year, the U.S. will be ...

Industrial and Sector News

RANK XEROX <XRX> TO SELL SOUTH AFRICAN UNIT

Xerox Corp's U.K. unit, Rank Xerox Ltd, said it agreed in principle to sell its South African company, Rank Xerox South Africa Pty Ltd, to <Altron Group's> Fintech unit. Terms of the deal were not disclosed. Altron said the acquisition was key to making Fintech an office systems company. ...

Financial Reports

COUNTRYWIDE CREDIT INDUSTRIES INC <CCR> 4TH QTR

Feb 28 end Shr 44 cts vs 16 cts Shr diluted 37 cts vs 16 cts Net 5,378,000 vs 1,987,000 Revs 26.8 mln vs 14.6 mln Avg shrs 12.4 mln vs 12.1 mln Shr 1.26 dlrs vs 45 cts Shr diluted 1.10 dlrs vs 45 cts Net 15.5 mln vs 5,401,000 Revs 80.3 mln vs 46.4 mln NOTE: ...

Industrial and Sector News

TALKING POINT/VIACOM INTERNATIONAL <VIA>

A bidding war for Viacom International Inc, one of the largest U.S. entertainment companies, pitted a management group and other investors against National Amusements Inc, a closely held theater operator. Both sides raised their bids over the weekend. A source close to the management side insisted that ...

Commodities and Trade

COUNTRYWIDE CREDIT <CCR> SETS HIGHER DIVIDEND

Countrywide Credit Industries Inc said its board declared an eight ct per share quarterly dividend, up from seven cts last quarter, and a two pct stock dividend. The cash dividend is payable April 14 to holders of record March 30 and the stock dividend is payable April 17 to holders of record March 31...

Financial Reports

MADAGASCAR COFFEE PRODUCTION SEEN LOWER IN 1987

Madagascar's available coffee output is estimated at 80,725 tonnes this year, down from 82,210 in 1986, due to a rundown of government agricultural services and the poor state of feeder roads in rural areas, Agriculture Ministry sources said. This is after accounting for the loss of some 15,000 to 20,...

Financial Reports

EXCEL INDUSTRIES INC <EXC> BOOSTS DIVIDEND

Qtly div nine cts vs eight cts prior qtr Pay 20 April Record 3 April

Corporate News

BAKER, FENTRESS AND CO <BKFR> VOTES DIVIDEND

Qtly div 25 cts vs 25 cts prior qtr Payable 10 June Record 15 May

Financial Reports

AMCAST <ACST> COMPLETES SALE OF NEWMAN DIVISION

Amcast Industrial Corp said it completed the sale of its Newman Division to Newman Manufacturing Inc, a new company formed by Newman's employees. The sale price was not disclosed. Amcast said Newman's Kendallville, Indiana plant is one of the country's largest producers of gray iron castings for the...

Financial Reports

UP-RIGHT INC <UPRI> 4TH QTR OPER NET

Oper shr five cts vs 29 cts Oper net 151,000 vs 867,000 Revs 12.7 mln vs 14.1 mln Year Oper shr 87 cts vs 52 cts Oper net 2,650,000 vs 1,565,000 Revs 54.7 mln vs 49.1 mln Note: oper data does not include 4th qtr 1986 extraordinary credit of 14,000 dlrs or 4th qtr 1985 extra...

Commodities and Trade

U.S. ENERGY SECRETARY RULES OUT GASOLINE TAX

Energy Secretary John Herrington said he would rule out a tax on gasoline as one option to help avert what his departmet has called the threat of increased reliance on foreign oil in the coming years. He said at a news conference that any recommendation he would make would have to increase domestic prod...

Corporate News

U.S. ENERGY CHIEF RULES OUT GASOLINE TAX AS WAY TO AVERT PENDING OIL CRISIS

Market and Economy

USDA ASKS TIGHT INSECT RULES FOR GRAIN SHIPMENTS

The U.S. Agriculture Department is proposing tighter federal standards setting allowable limits on insect infestations in grain shipments. The changes in the standards would include the following: -- Establishing equal tolerances for the number of live insects in shipments of food grains, feed grain...

Financial Reports

PILLSBURY <PSY> HURT BY RESTAURANT OPERATIONS

Pillsbury Corp, reporting lower earnings for the third quarter ended February 28, said a strong performance by its Foods Group was offset by Restaurants Group declines. Excluding unusual items, it said restaurants operating profit was down in the quarter 12 pct from a year ago as sales rose four pct. ...

Financial Reports

AGENCY RENT-A-CAR INC <AGNC> 4TH QTR JAN 31 NET

Shr 26 cts vs 21 cts Net 5,553,000 vs 4,307,000 Revs 45.1 mln vs 34.2 mln Year Shr 86 cts vs 67 cts Net 18.2 mln vs 14.0 mln Revs 161.1 mln vs 118.3 mln NOTE: Share adjusted for stock dividends.

Corporate News

AGENCY RENT-A-CAR <AGNC> SETS STOCK DIVIDEND

Agency Rent-A-Car Inc said its board declared a five pct stock dividend, payable May 22 to holders of record on May 8. The company also said it plans to increase the size of its rental fleet in the year ending January 31 by 20 to 25 pct and expand its rental office network.

Corporate News

FED EXPECTED TO TAKE NO MONEY MARKET ACTION

The Federal Reserve is expected to refrain from reserve-management intervention in the U.S. Government securities market, economists said. If the Fed does act, however, they said it would be likely to add temporary reserves indirectly by arranging around 1.5 billion dlrs of customer repurchase agreement...

Corporate News

ASCS SEEKS OFFERS TO PROCESS CCC ROUGH RICE

The Agricultural Stabilization and Conservation Service (ASCS) is seeking offers to process rough rice owned by the Commodity Credit Corporation (CCC) and deliver about 27.0 mln pounds of milled rice for export shipment May 6-20 and May 21-June 5, an ASCS spokesman said. Offers must be received by 1300 ...

Corporate News

EC MINISTERS AGREE NEED FOR BIG STEEL CLOSURES

European Community (EC) industry ministers today declared there is a need for a massive round of closures of steel plants to bring capacity in the 12-country bloc into reasonable balance with demand. The ministers were meeting to discuss a plan for voluntary plant closures drawn up by the industry lobby...

Corporate News

MURGOLD RESOURCES <MGDVF> DETAILS ASSAYS

Murgold Resources Inc said assays received from 320 feet of drifting on the number-three vein at the Chester Township property south of Timmins, Ontario, indicate an average of 0.528 ounce of gold per ton across an average width of five feet for the 320-foot length. The last working face assayed 0.422 o...

Financial Reports

(CORRECTED) - FEDERAL PAPER BOARD CO <FBO> PAYOUT

Qtly div 17.5 cts vs 17.5 cts in prior qtr Payable April 15 Record March 31 (Company corrects amount of previous payment in MARCH 18 item to show there was no change)

Corporate News

ALCOA <AA> TO SELL AMERICAN POWDERED METALS

Aluminum Co of America said it has signed a letter of intent to sell its American Powdered Metals Co subsidiary to R.W. Technology Inc for undisclosed terms, with completion expected in early May. American Powdered makes metal parts for various industries.

Financial Reports

BRITOIL SEES LOWER U.K. EXPLORATION EXPENDITURE

Britoil Plc's <BTOL.L> exploration expenditure for the U.K. In 1987 was likely to be only about a third of the level in 1986, though overseas expenditure would remain approximately the same, Chief executive David Walker said. He told reporters following the release of the company's 1986 figures tha...

Financial Reports

U.K. REVISES RETAIL PRICE INDEX FROM FEBRUARY

The U.K. Government tomorrow will release the first of its Retail Price Index (RPI) figures calculated on a revised group of components and rebased on January 1987, as previously announced, the Employment Department said. The index, Britain's measure of inflation, is for February. Earlier data will no...

Financial Reports

TALKS SHOW NEW CANADIAN CONFIDENCE, GROUP SAYS

Canada's decision to raise the issue of a free trade pact with the U.S. was a sign of what many see as a new spirit of Canadian self-confidence, a public policy study group said "It suggests the Canada of the immediate post-war period, when it was a major player in the process of building a postwar w...

Corporate News

SAND TECHNOLOGY SYSTEMS <SNDCF> 2ND QTR NET

ended January 31 Shr nil vs nil Net profit 351,000 vs loss 243,000 Sales 7,050,000 vs 7,012,000 Avg shrs 106,780,000 vs 93,666,000 Six mths Shr loss one ct vs loss one ct Net loss 999,000 vs loss 563,000 Sales 10.6 mln vs 13.0 mln Avg shrs 106,641,000 vs 92,986,00...

Corporate News

RYAN'S FAMILY STEAK HOUSE <RYAN> SETS SPLIT

Ryan's Family Steak Houses Inc said its board declared a three-for-one stock split, payable May 20 to holders of record May 6. The company said the split is subject to shareholder approval of an increase in authorized shares to 100 mln from 20 mln at the April 22 annual meeting.

Financial Reports

French official reserves 388.68 billion francs at end Feb vs 375.95 billion end Jan

Financial Reports

INERTIA DYNAMICS <TRIM> TO PAY STOCK DIVIDEND

Inertia Dynamics Corp said it declared a 50 pct stock dividend, payable May 1 to shareholders of record April 3.

Financial Reports

CSP INC <CSPI> 2ND QTR FEB 28 NET

Shr one ct vs 21 cts Net 24,000 vs 612,000 Sales 2,061,000 vs 3,914,000 1st half Shr eight cts vs 43 cts Net 223,000 vs 1,220,000 Sales 4,584,000 vs 7,912,000

Corporate News

PUBLISHERS EQUIPMENT CORP <PECN> YEAR NET

Shr profit eight cts vs loss 23 cts Net profit 251,000 vs loss 731,000 Revs 29.1 mln vs 25.9 mln Backlog 18.9 mln vs 12.5 mln

Commodities and Trade

CAVALIER HOMES INC <CAVH> 4TH QTR NET

Shr 10 cts vs 14 cts Net 191,465 vs 193,799 Sales 7,160,945 vs 6,576,670 Avg shrs 2,000,565 vs 1,400,000 Year Oper shr 33 cts vs 50 cts Oper net 605,725 vs 694,785 Sales 23.3 mln vs 22.1 mln Avg shrs 1,840,692 vs 1,400,000 NOTE: 1985 year net excludes 30,000 dlr t...

Financial Reports

COLONIAL COMMERCIAL CORP <CCOM> 4TH QTR NET

Shr not given Oper net profit 405,914 vs loss 145,380 Revs 2,446,901 vs 1,295,187 Year Shr not given Oper net profit 1,211,465 vs loss 178,101 Revs 9,085,222 vs 4,995,735 NOTE: Earnings from 1983 on benefit preferred shareholders until preferred shareholders' equity equals ...

Corporate News

PANAMA CANAL OFFICIAL CONFIRMS NO 1988 TOLL RISE

Panama Canal toll charges will not rise in the year to end-September 1988, despite last October's landslide which dumped 0.5 mln cubic yards of debris into the waterway, Canal Commission Administrator Dennis McAuliffe said. He told a press conference that in confirming the Commission's earlier announcem...

Financial Reports

RICHARDSON <RELL>TO BUY ITALIAN SEMICONDUCTOR FIRM

Richardson Electronics Ltd said it agreed to buy for undisclosed terms, G.E.B., Giant Electronics Brand, a Florence, Italy-based distributor of electron tubes and semiconductors.

Commodities and Trade

FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS

Commodities and Trade

EC GRANTS 25,000 TONNES BARLEY, 80,000 FRENCH MAIZE LICENCES, REJECTS WHEAT - TRADERS

Corporate News

FED ADDS RESERVES VIA CUSTOMER REPURCHASES

The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements, a Fed spokesman said. Dealers said Federal funds were trading at six pct when the Fed began its temporary and indirect supply of reserves to the banking system.

Corporate News

DOMTAR SETS TWO-FOR-ONE STOCK SPLIT TO TAKE EFFECT MAY 14

Market and Economy

PUBLIC SERVICE CO OF N.H.<PNH> OMITS DIVIDEND

Public Service Co of New Hampshire said its board voted to omit the quarterly dividend which would have been paid on May 15. The company said the omission is the thirteenth consecutive dividend omission.

Corporate News

REXNORD INC <REX> 1ST QTR JAN 31 LOSS

Shr loss 76 cts vs profit 50 cts Net loss 19,186,000 vs profit 12,438,000 Sales 157.9 mln vs 149.2 mln NOTE: Fiscal 1987 net loss includes a pretax charge of 19.5 mln dlrs from restructuring and an after tax charge of about seven mln dlrs from debt prepayment premiums. Fiscal 1986 net prof...

Financial Reports

TRADERS DETAIL EC GRAIN EXPORT LICENCES

The EC Commission granted 25,000 tonnes of free market barley export licences at today's tender and 80,000 tonnes of French maize, grain traders said. The maximum export rebate for barley was set at 137.25 Ecus and for maize at 129.75 Ecus per tonne. All bids for wheat were rejected, they said.

Corporate News

CARSON <CRN> CITES IMPACT OF TAX REFORM ACT

Carson Pirie Scott and Co said the Tax Reform Act of 1986, which repealed investment tax credits, had a negative impact of 22 cts a share on earnings for the year ended January 31. Earlier, Carson reported yearly per-share earnings of 1.83 dlrs, down from 1.86 dlrs a year ago. Average shares increased ...

Financial Reports

DOMTAR PLANS TWO-FOR-ONE STOCK SPLIT

<Domtar Inc> said it plans a two-for-one stock split to take effect May 14. The company said shareholders will be asked to approve the split at the annual meeting on April 29. Domtar said its directors believe the split could favorably affect marketability of the shares and encourage wider dist...

Corporate News

FINANCIAL PERFORMANCE <FPCC> PURSUES EXPANSION

Financial Performance Corp said it continued its rapid expansion with a signing of a partnership agreement with Gold Sierra Financial Advisors, founded by former Bank of America officers in capital markets. It said the agreement, under which it owns 50 pct of the partnership, enables it to move into the...

Financial Reports

ALBERTSON'S INC <ABS> RAISES QTLY DIVIDEND

Shr 24 cts vs 21 cts Pay May 25 Record May eight

Commodities and Trade

FED APPROVES AMSOUTH <ASO> AFFILIATION

AmSouth Corp said the Federal Reserve Board approved the affiliation of First Tuskaloosa Corp with Amsouth. The approval was the final regulatory step in the affiliation process which began in August, Amsouth said. Under terms of the affiliation, each First Tuskaloosa shareholder will receive 66 d...

Financial Reports

FRENCH FEBRUARY OFFICIAL RESERVES RISE

French official reserves rose 12.73 billion francs to 388.68 billion francs at the end of February from 375.95 billion at the end of January, the Finance Ministry said. It said in a statement the rise was mainly due to inflows of foreign currency through the exchange stabilisation fund, which resulted...

Corporate News

FRENCH INSTITUTE PESSIMISTIC ON 1987 GROWTH

French gross domestic product will grow by only 1.5 pct in real terms this year, compared with the government's forecast of two to 2.5 pct growth, the private Institut des Previsions Economiques et Financieres pour le Developpement des Entreprises (IPECODE) said. However, it expects growth to recover ne...

Corporate News

INDEPENDENCE BANCORP <INBC> COMPLETES MERGER

Independence Bancorp Inc said it completed its merger with Scranton, Penn.-based <Third National Bank and Trust Co>, with assets of 316 mln dlrs. Independence said its combined assets are now 2.5 billion dlrs. The company said that each share of Third National common will be exchanged for 4.06 ...

Financial Reports

RIVERSIDE GROUP INC <RSGI> 4TH QTR

Shr 55 cts vs 93 cts Net 1.6 mln vs 2.6 mln Revs 5.3 mln vs 1.2 mln Year Shr 73 cts vs 1.36 dlrs Net 2.0 mln vs 3.0 mln Revs 9.1 mln vs 11.0 mln NOTE:1985 net includes 2.7 mln dlrs gain on disposal of unit. 1986 includes operations of Dependable Insurance Gruop Inc.

Financial Reports

<I.T.L. INDUSTRIES LTD> 1ST QTR FEB 28 NET

Oper shr loss two cts vs profit three cts Oper net profit 301,000 dlrs vs profit 130,000 Revs 10.5 mln vs eight mln NOTE: Dividends on preferred shares 370,000 dlrs vs 51,000 dlrs. Oper net excludes gains on tax loss carryforward of 247,000 dlrs vs 118,000 dlrs.

Commodities and Trade