titles stringlengths 12 138 | article stringlengths 15 8.85k | category stringclasses 6
values |
|---|---|---|
CORROON AND BLACK <CBL> COMPLETES ACQUISITION
| Carroon and Black Corp said it
completed the acquisition of <Poggi-Harrison Agency Inc> and
<Risk Control Inc>.
Terms of the acquisitions were not disclosed.
Separately, Carroon said it also completed the acquisition
of <Rosskopf, Rapp and Schmidt Insurance Agency>, based in El
Monte, Cal... | Commodities and Trade |
TULTEX <TTX> INCREASES DIVIDEND
| Qtly div nine cts vs eight cts prior
Payable July one
Record June 12
| Other |
WAVEHILL INTERNATIONAL TO MAKE ACQUISITION
| <Wavehill International Ventures Inc>
said it has agreed to acquire Personal Computer Rental Corp of
Coral Gables, Fla., in a transaction in which shareholders of
Personal Computer will receive shares respresenting about a 25
pct interest in the combined company.
The company said it will have about t... | Commodities and Trade |
BENETTON OF ITALY SEES EXPANSION, ACQUISITIONS
| <Benetton SpA> of Italy expects to
further diversify into financial services and is weighing
possible acquisitions, a Benetton spokeswoman here said.
"We are thinking of diversification outside of the retail
line," the spokeswoman said. "We are looking at financial
services and other manfacturing co... | Commodities and Trade |
TULTEX CORP <TTX> 1ST QTR FEB 28
| Shr 23 cts vs 28 cts
Net 4.3 mln vs 5.1 mln
Revs 64.5 mln vs 67.1 mln
NOTE:1986 reflects two for one stock split, effective July
31
| Financial Reports |
FEDERATED FIN'L SAVINGS <FEDF> INITIAL PAYOUT
| Federated Financial Savings
said it declared an initial quarterly dividend of 85 cts a
share April 27, record April 13.
This is the first dividend paid by Federated since its
conversion to a stock company from a mutual on Jan 28, 1987.
| Financial Reports |
REXNORD <REX> SEES MAY MERGER WITH BANNER <BNR>
| Rexnord Inc said it expects to
merge with a wholly-owned subsidiary of Banner Industries Inc
in early May.
Late last month, Banner said it completed a tender offer
for and held 96 pct of Rexnord's common shares.
| Financial Reports |
SECURITY PACIFIC <SPC> COMPLETES MERGER
| Security Pacific Corp said it
completed its planned merger with Diablo Bank following the
approval of the comptroller of the currency.
Security Pacific announced its intention to merge with
Diablo Bank, headquartered in Danville, Calif., in September
1986 as part of its plan to expand its retail network... | Financial Reports |
<BURKE-PARSONS-BOWLBY> CORP SETS REGULAR PAYOUT
| Qtrly div three cts vs three cts prior
Pay May 15
Record April 24
| Commodities and Trade |
WARBURG BEGINS TENDER OFFER FOR SYMBION <SYMB>
| Symbion Inc said <Warburg,
Pincus Capital Co L.P.> began a tender offer to purchase up to
2.5 mln shares, or about 33 pct, of Symbion's shares at 3.50
dlrs per share. Warburg already owns about 26 pct of Symbion.
Symbion has 7,472,000 shares outstanding. The company makes
artificial hearts.
Sy... | Commodities and Trade |
SEAGRAM CO LTD YEAR SHR 4.45 DLRS VS 3.44 DLRS
|
SEAGRAM CO LTD YEAR SHR 4.45 DLRS VS 3.44 DLRS
| Corporate News |
L'AIR LIQUIDE <AIRP.PA> YEAR ENDED DEC 31
| Parent company net profit 754.45 mln francs vs 674.1 mln.
Dividend 19.50 francs vs same.
NOTE - Company said the dividend would apply to shares
issued under capital increases during 1986. This means a 32 pct
rise in total dividend payments to 528.14 mln francs on 1986
results from 399.62 mln the pre... | Financial Reports |
SOLAR SYSTEMS <SSDN>, INKEY OF SPAIN SET PACT
| Solar Systems by Sundance Inc said it
agreed to buy a 45 pct interest in a company that will sell
condoms produced by INKEY SA of Spain.
It said a spermicide used in INKEY's condoms contains an
ingredient that may help prevent the sexual transmission of
AIDS. The ingredient was cited in an article in th... | Financial Reports |
MODULAIRE INDUSTRIES <MODX> 4TH QTR LOSS
| Shr loss 12 cts vs profit 37 cts
Net loss 350,738 vs profit 1,095,991
Revs 18.8 mln vs 15.8 mln
Year
Shr profit 28 cts vs profit 1.29 dlrs
Net profit 831,901 vs profit 3,000,716
Revs 60.6 mln vs 48.2 mln
Avg shrs 2,996,903 vs 2,756,596
Note: Per share date adjusted to r... | Corporate News |
KENTUCKY SMELTERS GET RELIEF ON HIGHER RATES
| Owners of two aluminum smelters in
Kentucky received temporary relief from higher electric rates
after a decision Tuesday by state regulators denying a rate
hike to (Big Rivers Electric Corp) of Henderson, Ky.
But the owners of the smelters, (National Southwire
Aluminum Co) and Alcan Aluminium Ltd <A... | Commodities and Trade |
SEAGRAM CO LTD <VO> YEAR JAN 31 NET
| Shr 4.45 dlrs vs 3.44 dlrs
Shr diluted 4.30 dlrs vs 3.34 dlrs
Net 423.5 mln vs 319.1 mln
Sales 3.34 billion vs 2.97 billion
Avg shrs 95.1 mln vs 92.6 mln
NOTE: U.S. funds.
Net includes equity in earnings of Du Pont Co <DD> of 169.1
mln dlrs vs 75.7 mln dlrs and dividend income... | Other |
AIR PRODUCTS AND CHEMICALS INC <APD> IN PAYOUT
| Qtly div 20 cts vs 20 cts prior
Pay May 11
Record April Three
| Other |
J.P. STEVENS AND CO <STN> IN PAYOUT
| Qtly div 30 cts vs 30 cts prior
Pay April 30
Record April Three
| Financial Reports |
<TIE/TELECOMMUNICATIONS CANADA LTD> 4TH QTR NET
| Oper shr one ct vs six cts
Oper net 48,000 vs 556,000
Revs 19.0 mln vs 26.5 mln
Year
Oper shr 19 cts vs 46 cts
Oper net 1,586,000 vs 3,971,000
Revs 90.8 mln vs 103.1 mln
NOTE: Previous oper net excludes 404,000 dlrs of
extraordinary expenses for qtr and 991,000 dlr gain for... | Corporate News |
PEOPLES SAVINGS BANK <PEBW> RAISES QUARTERLY
| Qtly div 12 cts vs 10 cts prior
Pay April 24
Record April One
| Financial Reports |
DEP CORP DEPC 2ND QTR JAN 31 NET
| Shr three cts vs 16 cts
Net 127,000 vs 605,000
Sales 14.4 mln vs 9,726,000
Six Mths
Shr 17 cts vs 30 cts
Net 678,000 vs 1,141,000
Sales 24.6 mln vs 19.2 mln
| Market and Economy |
FEDERAL SIGNAL CORP <FSS> REGULAR DIVIDEND
| Qtly div 20 cts vs 20 cts previously
Pay June Two
Record May 12
| Other |
STATE STREET BOSTON CORP <STBK> SETS QUARTERLY
| Qtly div 10 cts vs 10 cts prior
Pay April 15
Record April One
| Financial Reports |
MARSH AND MCLENNAN COS INC <MMC> SETS QUARTERLY
| Qtly div 47-1/2 cts vs 47-1/2 cts prior
Pay May 13
Record April Six
| Financial Reports |
U.S. INTEC INC <INTK> 4TH QTR NET
| Shr six cts vs five cts
Net 188,000 vs 130,000
Revs 12.2 mln vs 10.1 mln
Avg shrs 3,029,930 vs 2,764,544
12 mths
Shr 81 cts vs 1.45 dlrs
Net 2,463,000 vs 3,718,000
Revs 52.4 mln vs 47.5 mln
Avg shrs 3,029,930 vs 2,566,680
NOTE: net for 1985 includes 500,000, or 20... | Financial Reports |
JOHN WILEY AND SONS INC <WILLB> SETS QUARTERLY
| Qtly div Class A 27-1/2 cts vs 27-1/2 cts
Qtly div Class B 24-1/2 cts vs 24-1/2 cts
Pay April 10
Record April Three
| Other |
API SAYS U.S. CRUDE OIL OUPUT OFF FROM YEAR AGO
| The American Petroleum Institute
said that U.S. crude oil production in February declined 9.8
pct from year-ago levels to about 8.3 mln barrels a day.
In its monthly report on U.S. oil supplies and stocks, API
said that domestic demand for petroleum products, as measured
by products supplied, continued ... | Financial Reports |
PRIME MEDICAL <PMSI> SAYS MERGER TALKS END
| Prime Medical Services Inc said merger
talks with National HMO Corp <NHMO> have been terminated.
Prime gave no reason for the termination of the talks with
National HMO.
| Commodities and Trade |
FIRST FEDERAL SAVINGS BANK OF MONTANA <FFSM> DIV
| Qtly div seven cts vs seven cts prior
Payable April 28
Record April three
| Corporate News |
ICI <ICI> SEEKS GAINS IN SPECIALTY BUSINESSES
| Imperial Chemical Industries PLC, the
largest chemical company in the United Kingdom, will expand its
specialty chemicals and drug businesses this year, and better
its 1986 results, said chairman-elect Denys Henderson.
"We expect to shift our company toward higher value-added
businesses and continue to ... | Financial Reports |
<CCR VIDEO CORP> 1ST HALF FEB 28 NET
| Shr profit 10 cts vs loss one ct
Net profit 647,390 vs loss 75,967
Sales 2,120,027 vs 1,666,908
NOTE: Current year net includes 456,004 dlr gain from debt
extinguishment.
| Financial Reports |
NEW RUBBER PACT TO BE FORMALLY ADOPTED TOMORROW
| A new International Natural Rubber
Agreement (INRA) will be formally adopted tomorrow, chairman of
the negotiating conference Manaspas Xuto of Thailand said.
"The successful negotiation of the new agreement represents
a significant step forward in international economic
cooperation," he told a news conf... | Financial Reports |
INVESTMENT GROUP HAS MOORE-HANDLEY <MHCO> STAKE
| A group of New York investment
companies told the Securities and Exchange Commission they have
acquired 173,000 shares of Moore-Handley Inc, or 6.9 pct of the
total outstanding common stock.
The firms, Robert H. Barker and Co, J.M.R. Barker
Foundation, Quaker Hill Associates L.P., Upland Associates L.P.... | Commodities and Trade |
EC MAY OFFER INTERVENTION SUGAR TO LOCAL MARKET
| Sugar which EC producers plan to sell
into intervention may be offered by the European Commission for
sale within the Community, broker C. Czarnikow says in its
latest sugar review.
The Commission will propose to offer the sugar at a very
nominal premium of 0.01 European Currency Unit (Ecu) to the
int... | Financial Reports |
INT'L HYDRON CORP <HYD> 4TH QTR OPER NET
| Oper shr profit six cts vs loss 20 cts
Oper net profit 734,000 vs loss 2,312,000
Revs 16.8 mln vs 13.9 mln
Year
Oper shr profit 30 cts vs profit three cts
Oper net profit 3,342,0000 vs profit 318,000
Revs 67.5 mln vs 52.6 mln
NOTE: Excludes loss of 41,000 dlrs or nil vs gain ... | Financial Reports |
GERMAN BANKS SEE LOW INTEREST RATES CONTINUING
| The Association of German Cooperative
Banks said in a financial survey that domestic interest rates
would continue to remain low for the time being.
It said the Bundesbank could hold them down despite strong
foreign influence and it saw no interest-straining factors in
the economy that could affect the ... | Corporate News |
ICCO TO EXAMINE BUFFER STOCK DETAILS TOMORROW
| The International Cocoa Council, ICCO,
adjourned for the day after a detailed proposal on buffer stock
rules was distributed and executive committee officials were
elected, delegates said.
Producers, EC consumers and all consumers are scheduled to
hold separate meetings tomorrow to review the proposal, ... | Other |
FED'S JOHNSON URGES STRONGER ALLIED GROWTH
| Federal Reserve Board Vice Chairman
Manuel Johnson said that the U.S.'s main industrial partners
should expand their domestic growth.
In a speech to a women's group here, Johnson said, "There is
room for stronger domestic growth in those countries ... strong
enough to absorb growth in U.S. export market... | Corporate News |
U.K. MONEY DATA MAY EASE RATE CUT, ANALYSTS SAY
| Slower than expected growth in Britain's
narrow M0 money supply measure in February will help spur a
further cut in U.K. Interest rates if a surge in sterling's
value requires such a move, economic analysts said.
M0, the only targeted money supply measure left after
Chancellor of the Exchequer Nigel Law... | Financial Reports |
FED'S JOHNSON SEES INFLATION CONTROLLED
| Federal Reserve Board Vice Chairman
Manuel Johnson said inflationary pressures are under control
and noted "wage and price pressures are very moderate."
Johnson told a women's group that the U.S. was not seeing
the kind of cost pressures of the past.
He said the trade imbalance was a serious trouble... | Industrial and Sector News |
GREYHOUND <G> BUYS GENERAL MOTORS <GM> BUS UNIT
| Greyhound Corp said it has
signed a definitive agreement to buy General Motors Corp's U.S.
Transit Bus and Parts business for an undisclosed sum.
The agreement, tentatively set in January, includes
production tooling, design and equipment for urban transit
buses, inventories and trademark identification... | Financial Reports |
EXCEL BANCORP <XCEL> SETS INITIAL DIVIDEND
| Excel Bancorp Inc said its board
declared an initial dividend of 10 cts per share, payable April
20 to holders of record on April Six.
| Corporate News |
CHAMPION <CHA> TO EXPAND ALBERTA MILL
| Champion International Corp, based in
Stamford, Conn., said it will expand its mill in Hinton,
Alberta, at a cost of about 285 mln Canadian dlrs.
The expansion will double the facility's pulping operation
to 424,000 short tons per year. The mill produces softwood
kraft pulp which is sold to other Champi... | Financial Reports |
MARK IV SAYS IT DOES NOT PLAN BAIRD <BATM> BUY
| Mark IV Industries Inc <IV>, which
has said it is mulling a bid to seek control of Baird Corp,
said it has no present plans to acquire more than 25 pct of the
company's total outstanding common stock.
In a filing with the Securities and Exchange Commission,
Mark IV said its top officials told Baird e... | Financial Reports |
ALBERTSON'S <ABS> ADOPTS STOCKHOLDER RIGHTS PLAN
| Albertson's Inc said its board has
adopted a stockholder rights plan intended to protect them in
the event of any proposed takeover of the company.
Under the plan, stockholders will receive a dividend
distribution of one right for each share of common stock held
on March 23.
The rights are exercis... | Financial Reports |
HARRIS-TEETER PROPERTIES INC <HTP> SETS PAYOUT
| Qtly div 24 cts vs 24 cts prior
Pay May Eight
Record April 17
| Other |
CANADA 91-DAY T-BILLS AVERAGE 6.89 PCT, MAKING BANK RATE 7.14 PCT
|
CANADA 91-DAY T-BILLS AVERAGE 6.89 PCT, MAKING BANK RATE 7.14 PCT
| Other |
DRESSER INDUSTRIES <DI> SEES RETURN TO PROFIT
| Dresser Industries Inc said it expects
the joint ventures it has entered into and a gradual
improvement in the energy market to allow it to regain
profitability before the end of the current year.
Dresser earned 9,600,000 dlrs for the year ended October 31
-- after a 95.0 mln dlr gain from a change in a... | Financial Reports |
EC MINISTERS ANNOUNCE PLAN FOR STEEL CLOSURES
| European Community (EC) industry
ministers agreed on a plan for voluntary steel plant closures,
drawn up by industry lobby group Eurofer, and calculated to
lead to the loss of about 22,000 jobs.
The ministers resolved that the proposed closures, which
should bring production capacity more in line with w... | Corporate News |
U.S. GRAIN TRADE CALLS SHULTZ REMARK SIGNIFICANT
| A statement yesterday by Secretary
of State George Shultz after he met with wheat growers that
U.S. agricultural products must be competitively priced was
significant in that he recognized the importance of the Soviet
market and the need for U.S. prices to be at world market
levels, U.S. grain trade industr... | Other |
NYNEX INCREASES QTRLY DIV TO 95 CTS FROM 87 CTS end of body
|
NYNEX INCREASES QTRLY DIV TO 95 CTS FROM 87 CTS end of body
| Industrial and Sector News |
ROSPATCH <RPCH> REJECTS DIAGNOSTIC <DRS> BID
| Rospatch Corp said it
rejected a proposal by Diagnostic Retrieval Systems Inc to
acquire its stock at 22 dlrs a share.
Rospatch's board believes that the long term interests of
its shareholders will be best served by continuing as an
independent public company at this time, the company said in
respons... | Commodities and Trade |
BURNUP AND SIMS INC <BSIM> 3RD QTR JAN 31 NET
| Shr profit five cts vs loss 40 cts
Net profit 669,000 vs loss 4,256,000
Revs 46.1 mln vs 43.8 mln
Avg shrs 13.9 mln vs 10.5 mln
Nine mths
Shr profit 42 cts vs loss 23 cts
Net profit 5,529,000 vs loss 2,219,000
Revs 152.2 mln vs 139.6 mln
Avg shrs 13.3 mln vs 9,489,000
... | Corporate News |
AARON BROTHERS ART MARTS INC <AARN> 4TH QTR NET
| Qtr ended Jan 31
Shr 48 cts vs 38 cts
Net 1,171,000 vs 794,000
Revs 15.6 mln vs 14.0 mln
Year
Shr 85 cts vs eight cts
Net 1,831,000 vs 266,000
Revs 50.4 mln vs 46.5 mln
| Commodities and Trade |
QUAKER STATE <KSF> ARRANGES 100 MLN DLR CREDIT
| Quaker State Oil Refining Corp
said it signed a 100 mln dlr revolving credit and term loan
agreement with a group of six banks, for which Mellon Bank N.A.
is agent.
The four-year arrangement has an additional four-year term
loan amortization agreement, Quaker said.
Quaker said the credit line will... | Corporate News |
EC TO ABOLISH TAX ON SPANISH MAIZE EXPORTS
| The European Community Commission has
decided to abolish a special tax of eight Ecus per tonne
imposed on exports of Spanish maize, Commission sources said.
They said the tax, which applies to Spanish sales to EC and
non-EC countries alike, would no longer be required on exports
from Spanish ports south... | Commodities and Trade |
GREAT <GAMI> TO BUY STANDARD<SRD> UNITS' ASSETS
| Great American Management and
Investment Inc said its 80 pct-owned subsidiary agreed to buy
certain assets of two subsidiaries of Standard Oil Co, for 40
mln dlrs and the assumption of certain liabilities.
Great American Industrial Group Inc agreed to acquire all
the U.S. and United Kingdom assets of Pf... | Other |
KMS INDUSTRIES INC <KMSI> YEAR NET
| Oper shr three cts vs three cts
Oper net 511,000 vs 550,000
Revs 19.7 mln vs 17.7 mln
Avg shrs 15,777,000 vs 16,074,000
NOTE: Earnings exclude gains from utilization of tax loss
caryforwards of 398,000 dlrs, or three cts a share vs 455,000
dlrs, or three cts a share
| Market and Economy |
WICKES COS INC 4TH QTR SHR LOSS TWO CTS VS PROFIT 14 CTS
|
WICKES COS INC 4TH QTR SHR LOSS TWO CTS VS PROFIT 14 CTS
| Other |
SYNTECH INTERENATIONAL INC <SYNE> 4TH QTR NET
| Shr profit six cts vs loss 4.51 dlrs
Net profit 815,167 vs loss 12,955,562
Revs 7,981,022 vs 2,954,488
Year
Shr profit 16 cts vs loss 7.22 dlrs
Net profit 2,446,100 vs loss 19,175,931
Revs 23.6 mln vs 14.6 mln
| Market and Economy |
TO-FITNESS <TFIT> IN DISTRIBUTION DEAL
| To-Fitness Inc said it
has been named exclusive Florida distributor for the hardpack
version of the frozen dessert Tofutti by Tofutti Brands Inc
<TOF>, replacing Pillsbury Co's <PSY> Haagen Dazs.
| Corporate News |
FIRST FINANCIAL <FFMC> BIDS FOR COMDATA <CDN>
| First Financial Management corp said it
has offered to acquire Comdata Network Inc for 18 dlrs per
share in cash and stock, or a total of about 342.7 mln dlrs.
The company said for each Comdata share it would exchange
half a First Data share and enough cash to bring the total
value up to 18 dlrs per sha... | Financial Reports |
POP RADIO <POPX> GETS RITE AID <RAD>
| POP Radio Corp said it has signed a
seven-year agreement to provide Rite Aid Corp with in-store
customized disc jocky-hosted radio programs, resulting in an
increase of more than 50 pct in the total number of stores POP
now has under contract.
Value was not disclosed.
| Financial Reports |
ALLIANCE FINANCIAL CORP <ALFL> DIVIDEND SET
| Qtly div 22 cts vs 22 cts previously
Pay April 15
Record March 31
| Financial Reports |
NYNEX <NYN> INCREASES QTRLY CASH DIVIDEND
| Nynex Corp said it is raising its
quarterly dividend to 95 cts from 87 cts payable May 1, 1987,
to shareholders of record March 31.
The company said this was the third consecutive year it has
raised its quarterly cash dividend. It added it had a
two-for-one stock split in May 1986.
| Financial Reports |
INT'L MINERALS <IGL> BUYS ANIMAL PRODUCTS UNIT
| International Minerals and
Chemical Corp said it completed its acquisition of Johnson and
Johnson Co's Pitman-Moore unit, a producer of animal health
products.
Terms of the acquisition were not disclosed. International
Minerals and Chemical said annual sales of the unit are about
45 mln dlrs.
Pi... | Financial Reports |
VULCAN <VUL> WITHDRAWS JONES/VINING <JNSV> BID
| Vulcan Corp said it was
discontinuing its efforts to negotiate a purchase of the common
stock of Jones and Vining Inc.
On February 6, Vulcan, a Cincinnati maker of shoe lasts and
other products, offered five dlrs a share for all of Jones and
Vining common, subject to certain conditions.
Vulcan sai... | Other |
TEMPO <TPO> TO SELL CABLE SYSTEMS TO EAGLE
| Tempo Enterprises Inc said it
signed a letter of intent to sell seven cable television
systems, representing about 5,000 subscribers, to <Eagle
Cable>.
Terms of the acquisition were not disclosed.
| Other |
ERBAMONT <ERB> ACQUIRES ANTIBIOTICOS S.A.
| Erbamont N.V. said its major
shareholder <Montedison SpA>, which owns 85 pct of its common,
and Farmitalia Carlo Erba, its 75 pct owned subsidiary, have
acquired <Antibioticos S.A.> and related subsidiaries.
Terms of the acquisition were not disclosed.
| Corporate News |
UK CROSS FIELD PRT RELIEF FAVOURS SMALLER FIELDS
| The "cross field allowance" relief on
Petroleum Revenue Tax (PRT) announced by U.K. Chancellor of the
Exchequer Nigel Lawson this week will favour smaller non-PRT
paying fields, according to stockbrokers Wood Mackenzie and Co.
The cross field allowance offsets up to 10 pct of
qualifying spending on a ne... | Market and Economy |
CONGRESSMEN URGE U.S. SOYBEAN PROGRAM CHANGES
| Several leading farm-state
Congressmen said they will press the U.S. Agriculture
Department to implement some kind of marketing loan to make
soybeans exports competitive while protecting farm income.
Speaking at a House grains subcommittee hearing, chairman
Dan Glickman, D-Kan., proposed that Congressme... | Financial Reports |
RAISE IN BRAZIL FCOJ EXPORT PRICES NOT CONFIRMED
| There is no confirmation
that Brazil's major processors of Frozen Concentrated Orange
Juice, FCOJ, will raise export prices of the product to 1,375
dlrs per tonne from April 1, a spokesman for the Brazilian
Association of Citrus Juice Industries (Abrassuco) said.
Asked to comment on a report from New Yo... | Financial Reports |
ALDEN ELECTRONICS <ADNEA> SETS LOWER DIVIDEND
| Alden Electronics Inc said
its board declared an annual dividend of 15 cts per share on
Class A and B common stock, down from 25 cts last year due to
an expected drop in earnings for the year ended March 28.
The dividend is payable April 15 to holders of record on
April 3.
Alden earned 1,357,000 d... | Financial Reports |
WICKES COS INC <WIX> 4TH QTR LOSS
| Shr loss two cts vs profit 14 cts
Net loss 2,515,000 vs profit 28,569,000
Sales 1.41 billion vs 885.2 mln
Avg shrs 239.2 mln vs 104.4 mln
Year
Shr profit 33 cts vs profit 47 cts
Net profit 83,750,000 vs profit 76,130,000
Sales 4.77 billion vs 2.81 billion
Avg shrs 198.8... | Financial Reports |
JWT <JWT> NOT APPROACHED BY GROUP SEEKING SHARES
| JWT Group Inc has not been approached
by former Ted Bates Worldwide Chairman Robert Jacoby about the
possibility of a syndicate buying a 35 pct stake in JWT Group
on a friendly basis, a company spokesman said.
He said JWT would have no comment on an Advertising Age
report that Jacoby is considering head... | Commodities and Trade |
AZURE VENTURES TO BUY ADVERTISING UNIT
| <Azure Ventures Ltd> said it
signed a letter of intent to acquire John Paul Richards and
Associates Inc.
The company said if the merger is approved by shareholders
of both companies, the shareholders of John Paul Richards would
become majority shareholders, owning 60 pct of the common
stock, of the... | Other |
SCOTT <SCOT> DECLARES FIRST PAYOUT
| Scott and Stringfellow Financial
Inc said it declared its first quarterly dividend of three
cents per share payable April 15 to shareholders of record
April one.
| Other |
TEXAS COMMERCE <TCB> SEES IMPROVEMENT IN 1987
| Texas Commerce Bancshares Inc said that
relatively stable oil prices and the bank's planned merger with
Chemical New York Corp <CHL> would help 1987 earnings increase
from last year's profits of 20 mln dlrs.
Texas Commerce chairman Ben Love, in an interview with
Reuters, did not elaborate on how much... | Corporate News |
CSCE PUTS ADDITIONAL MARGIN ON JULY COFFEE
| An additional margin of 1,000 dlrs
will be required on all July 1987 delivery coffee "C" contracts
as of the opening of trade Monday, March 23, the Coffee, Sugar
and Cocoa Exchange, CSCE, said.
The March contract ends trading this week, making May and
July the two "spot," or unlimited, contract months n... | Corporate News |
ODYSSEY FILMPARTNERS <ODYY> DROPS MERGER TALKS
| Odyssey Filmpartners Ltd
said is terminated discussions to acquire <United Color Labs>,
pursuant to a Jan 27 letter of intent for it to buy the company
for stock and cash.
| Commodities and Trade |
SPRINKEL URGES GREATER GROWTH IN JAPAN, EUROPE
| Beryl Sprinkel, chairman of
the president's council of economic advisors, said stronger
domestic demand growth in Japan and Western Europe is needed to
help stimulate U.S. exports without having to rely on futher
dollar declines.
"Stronger domestic demand growth in the major foreign
industrial countri... | Industrial and Sector News |
BROWN TRANSPORT <BTCI> SEES RECORD 1987 NET
| Brown Transport Co said it expects to
report record 1987 results with revenues increasing to 214 mln
dlrs and earnings per share between 1.25 dlrs and 1.30 dlrs.
Brown reported 1986 net income of 1.05 dlrs per share, or
5.45 mln dlrs, on revenues of 191.7 mln dlrs.
Last week the company declared an ... | Commodities and Trade |
BOMBAY <CURY> BASES GROWTH ON LOCATION, COSTS
| Bombay Palace Restaurants Inc, with its
emphasis on location and low food costs, expects its 1987 sales
to increase 150 pct to about 22 mln dlrs from about 8.5 mln
dlrs in 1986, according to President Sant S. Chatwal.
Chatwal told members of the Dallas financial community at
a lunchtime briefing, "we g... | Corporate News |
AMERITRUST <AMTR> PROPOSES 2-FOR-1 STOCK SPLIT
| AmeriTrust Corp said its board
proposed a two-for-one split of its common, subject to
stockholder approval at its May 14 annumal meeting.
The company also said it intends to recommend an increase
in its annual regular dividend to at least two dlrs per share
before the split, beginning with the May divid... | Market and Economy |
FIRST FEDERAL OF MICHIGAN <FFOM> DIVIDEND HIKE
| Qtly div 12 cts vs 10 cts previously
Pay May 11
Record April 10
| Market and Economy |
UNITED JERSEY BANKS <UJB> TO MERGE TWO BANKS
| United Jersey Banks said it
plans to merge two of its southern New Jersey member banks into
one 704 mln dlr organization.
It said United Jersey Bank/Fidelity Bank, based in
Pennsauken, will be merged into United Jersey Bank/South in
order to improve customer service and maximize efficiency
throughout ... | Industrial and Sector News |
U.S. EXPORTERS REPORT 900,000 TONNES CORN SOLD TO THE USSR FOR 1986/87
|
U.S. EXPORTERS REPORT 900,000 TONNES CORN SOLD TO THE USSR FOR 1986/87
| Commodities and Trade |
HELDOR INDUSTRIES <HLDR> 1ST QTR LOSS
| Qtr ends Jan 31
Shr loss 38 cts vs loss 60 cts
Net loss 1,388,000 vs 2,181,000
Revs 8,199,000 vs 6,668,000
NOTE: 1987 qtr includes tax gain 964,000 for insurance
claims.
1987 qtr also includes non-recurring expense 150,000 for
discontinued operations and consolidation of four distrib... | Corporate News |
U.S. EXPORTERS REPORT 350,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
|
U.S. EXPORTERS REPORT 350,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
| Other |
COEUR D'ALENE MINES CORP <COUR> 4TH QTR LOSS
| Shr loss 18 cts vs loss one ct
Net loss 1,343,000 vs loss 49,000
Revs 6,778,000 vs 1,976,000
Year
Shr loss 67 cts vs loss ten cts
Net loss 4,693,000 vs loss 672,000
Revs 14.0 mln vs 7,034,000
Note: 1986 loss included one-time loss of 3,624,000 dlrs on
write-off of certain s... | Corporate News |
U.S. EXPORTERS REPORT 143,000 TONNES CORN SOLD TO TAIWAN FOR 1986/87, 1987/88
|
U.S. EXPORTERS REPORT 143,000 TONNES CORN SOLD TO TAIWAN FOR 1986/87, 1987/88
| Corporate News |
TALKING POINT/AMERICAN EXPRESS <AXP>
| American Express Co's plan to sell a
stake in its Shearson Lehman Brothers is believed to be a
prelude to a public offering of shares in the brokerage unit,
analysts said.
American Express earlier said it has a general
understanding with Nippon Life Insurance Co of Japan to sell a
13 pct interest in S... | Commodities and Trade |
ITALIAN PANEL URGES EXCHANGE LIBERALIZATION
| Liberalization of Italy's foreign exchange
controls should be "gradual" but also "reasonably rapid," a report
issued by a study committee nominated by the Italian Treasury
Ministry said.
The report, looking at the country's financial development
prospects, said Italy's large public sector deficit and gro... | Industrial and Sector News |
USDA REPORTS CORN SOLD TO USSR, TAIWAN
| The U.S. Agriculture Department said
private U.S. exporters reported new sales of 900,000 tonnes of
corn to the Soviet Union and 350,000 tonnes of corn switched
from previously announced unknown destinations to the USSR.
The corn is for delivery during the 1986/87 marketing year
and under the fourth yea... | Market and Economy |
CALTEX RAISES SINGAPORE OIL PRODUCT PRICES
| Caltex Petroleum Corp, a joint venture
between Chevron Corp <CHV> and Texaco Inc <TX>, said it raised
posted prices for several petroleum products in Singapore,
effective today.
The company said its naphtha posting is up three cts a
gallon to 43 cts. It said it is raising jet and kerosene
posti... | Market and Economy |
PENSION INSURANCE GROUP <PGAI> 4TH QTR NET
| Shr profit two cts vs profit two cts
Net profit 216,000 vs profit 265,000
Revs 1,661,000 vs 1,376,000
12 mths
Shr profit four cts vs loss two cts
Net profit 528,000 vs loss 290,000
Revs 5,881,000 vs 5,541,000
NOTE: full name of company is pension insurance group of
america ... | Financial Reports |
ATICO FINANCIAL CORP <ATFC> 4TH QTR NET
| Shr 30 cts vs 5.92 dlrs
Net 1,142,000 vs 16.0 mln
Revs 10.6 mln vs 24.2 mln
Year
Shr 90 cts vs 6.20 dlrs
Net 3,320,000 vs 16.9 mln
Revs 45.00 mln vs 26.2 mln
NOTE: 1986 4th qtr and yr amounts include acquisition of
98.8 pct of common of Atico, formerly Peninsula Federal Sav... | Financial Reports |
SEA CONTAINERS LTD <SCR> 4TH QTR LOSS
| Shr loss 4.95 dlrs vs loss 75 cts
Net loss 48.2 mln vs loss 4,644,000
Revs 133.4 mln vs 135.6 mln
12 mths
Shr loss 6.28 dlrs vs profit 2.48 dlrs
Net loss 67.6 mln vs profit 25.7 mln
Revs 638.9 mln vs 573.1 mln
Avg shrs 10,771,260 vs 10,355,728
| Corporate News |
LATIN COFFEE PRODUCERS SEEK ICO PRICE SUPPORT
| This weekend's meeting of Latin
American coffee producers here will call for the International
Coffee Organisation (ICO) to start talks aimed at firming
prices, Nicaraguan foreign trade minister Alejandro Martinez
Cuenca said.
He said those countries which had confirmed their presence
were Brazil, Mex... | Corporate News |
AMBASSADOR FINANCIAL <AFGI> UNIT TO BUY BUILDER
| Ambassador Financial Group Inc
said its Ambassador Real Estate Equities Corp, agreed to buy
Heritage Quality Construction Co Inc.
Ambassador said its unit would purchase 100 pct of
Heritage's stock for an initial payment of approximately
500,000 dlrs and subsequent payments in cash over a five-year
pe... | Corporate News |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.