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TRANSCO PARTNERSHIP <TXP> GAS RESERVES RISE
| Transco Exploration Partners Ltd said
participation in 14 new discoveries increased its proved gas
reserves to 558.1 billion cubic feet in 1986, up from 541.5
billion cubic feet in the previous year.
Proved reserves of liquids remained about the same at 25.1
mln barrels, the company said in the 1986 ann... | Corporate News |
FOOTE MINERAL <FTE> SELLS CAMBRIDGE PLANT
| Foote Mineral Co said it signed a
letter of intent with Shieldalloy Corp, a wholly-owned
subsidiary of <Metallurg Inc>, for the sale of its Cambridge,
Ohio, business.
The company said the sale, which will be explained in
greater detail after the definitive agreement has been signed,
is part of Foot... | Corporate News |
<ROYAL GOLD AND SILVER CORP> 1ST QTR NET
| ended January 31
Shr profit two cts vs loss one ct
Net profit 130,000 vs loss 46,000
Sales 5,042,000 vs nil
Note: 1987 includes gain of 112,000 dlrs from sale.
| Corporate News |
JP STEVENS AND CO INC <STN> SETS PAYOUT
| Qtrly div 30 cts vs 30 cts prior
Pay April 30
Record April 3
| Corporate News |
N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
|
N.Y. BUSINESS LOANS FALL 572 MLN DLRS IN MARCH 11 WEEK, FED SAYS
| Corporate News |
U.S. WHEAT GROUPS CALL FOR GLOBAL ACTION
| All major grain producing countries
must do their part to help reduce global surpluses and the
recent Australian farm policy proposals are flawed, two U.S.
wheat organizations said.
The recent Australian proposals were a good starting point
for discussions, "but we do not want the Australians to feel
... | Corporate News |
U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
|
U.S. COMMERCIAL PAPER RISES 2.98 BILLION DLRS IN MARCH 11 WEEK, FED SAYS
| Corporate News |
NEW YORK BUSINESS LOANS DROP 572 MLN DLRS
| Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 572 mln dlrs to 64.297 billion in the week ended March 11,
the Federal Reserve Bank of New York said.
Including acceptances, loans fell 475 mln dlrs to 65.16
billion.
Commercial paper outstandi... | Commodities and Trade |
AMOCO <AN> OIL RESERVES DOWN, GAS UP IN 1986
| Amoco Corp's petroleum liquids reserves
total 2.42 billion barrels at the end of 1986, down from 2.77
billion a year earlier, but its natural gas reserves increased
to 15.37 trillion cubic feet from 15.14 trillion, the company's
annual report said.
It said the drop in crude oil and natural gas liquid
... | Market and Economy |
QUEBEC CAISSE EARNS THREE BILLION DLRS IN 1986
| Caisse de depot et placement du
Quebec, the government agency which manages the province's
pension funds, said its investment portfolio earned a net
profit of almost three billion Canadian dlrs in 1986, an
increase of 300 mln dlrs over 1985.
The agency said in its annual statement that it had assets
w... | Commodities and Trade |
U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
|
U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS IN MARCH 9 WEEK, FED SAYS
| Corporate News |
U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 228 MLN DLRS A DAY IN MARCH 18 WEEK, FED SAYS
| Corporate News |
ASEA GROUP <ASEAY> SEES FLAT 1987 EARNINGS
| Asea Group, the diversified industrial
concern based in Vasteras, Sweden, said it expects 1987
earnings, after financial income and expense, to be flat
compared with 1986, when it earned 2.53 billion Swedish crowns,
or 371.1 mln dlrs.
A company spokesman said 1986 results were boosted
significantly by... | Other |
U.S. BANK DISCOUNT BORROWINGS 228 MLN DLRS
| U.S. bank discount window borrowings
less extended credits averaged 228 mln dlrs in the week to
Wednesday March 18, the Federal Reserve said.
Total borrowings in the week rose 83 mln dlrs to 502 mln
dlrs, with extended credits up three mln dlrs at 274 mln dlrs.
The week was the first half of a two-week ... | Corporate News |
LAWSON REPEATS HE IS CONTENT WITH STERLING LEVEL
| U.K. Chancellor of the Exchequer Nigel
today repeated that he was satisfied with the current level of
sterling, both against the dollar and the West German mark.
Lawson said in a television interview that he did not
regard the pound's present exchange rate was uncomfortably
high.
"I think it is ro... | Corporate News |
GELCO <GEL> SEES FLAT 1987 PRETAX OPERATING NET
| Gelco Corp said that,
excluding the effects of a restructuring plan, it expects
pre-tax operating earnings for the year to end July 31, 1987,
to be about the same as those of last year.
For the year ended July 31, 1986, Gelco reported pre-tax
operating earnings of 14.8 mln dlrs, or 1.08 dlrs a share.
... | Commodities and Trade |
BUTLER NATIONAL CORP <BUTL> 3RD QTR JAN 31
| Shr profit nil vs loss one ct
Net profit 1,136 vs loss 42,840
Revs 1,490,718 vs 1,151,176
Nine mths
Shr profit three cts vs profit five cts
Net profit 89,900 vs profit 150,523
Revs 4,520,393 vs 4,078,441
| Corporate News |
FCS <FCSI> RECEIVES MERGER PROPOSAL
| FCS Laboratories said its
investment banker, Butcher and Singer Inc, received a
preliminary merger proposal from another company in the
healthcare field.
FCS said that if various aspects of the proposal are better
defined, its board may consider it. FCS said merger
negotiations with this other company... | Financial Reports |
U.S. M-1 MONEY SUPPLY RISES 500 MLN DLRS
| U.S. M-1 money supply rose 500 mln
dlrs to a seasonally adjusted 738.7 billion dlrs in the March 9
week, the Federal Reserve said.
The previous week's M-1 level was revised to 738.2 billion
dlrs from 738.0 billion, while the four-week moving average of
M-1 rose to 738.2 billion dlrs from 737.2 billion.
... | Commodities and Trade |
ART'S-WAY MANUFACTURING CO <ARTW> 3RD QTR NET
| Shr profit 58 cts vs loss 11 cts
Net profit 726,000 vs loss 145,000
Sales 4,958,000 vs 2,783,000
Nine Mths
Shr profit 1.08 dlrs vs loss 80 cts
Net profit 1,359,000 vs loss 1,013,000
Sales 12.6 mln vs 7,145,000
NOTE: Fiscal 1987 net profit includes tax credits of
372,000 dlr... | Financial Reports |
PSE INC <POW> 4TH QTR
| Shr loss 18 cts vs profit 11 cts
Net loss 1.5 mln vs profit 868,000
Revs 29.3 mln vs 41.1 mln
Year
Shr loss 41 cts vs profit five cts
Net loss 3.1 mln vs profit 409,000
Revs 99.2 mln vs 231.7 mln
| Corporate News |
<WARDAIR INTERNATIONAL LTD> YEAR NET
| Shr 12.84 dlrs vs 3.07 dlrs
Net 46,054,000 vs 11,026,000
Revs 491.1 mln vs 473.9 mln
NOTE: Current net includes gain of 8.51 dlrs a share on
disposal of assets.
M.W. Ward holds 62 pct voting interest.
| Corporate News |
SEA CONTAINERS <SCR> EXPECTS BETTER FIRST QTR
| Sea Containers Ltd predicted
its first quarter fiscal 1987 net earnings would improve by 10
mln dlrs over the same period a year ago.
The company said 1987 got off on a much better footing than
fiscal 1986, from which the company recorded a loss of 67.6 mln
dlrs, or 6.28 dlrs per share, on revenues of 6... | Commodities and Trade |
FIRST INTERSTATE <I> ESTIMATES BRAZIL RISKS
| First Interstate Bancorp said its
1987 pre-tax income could be reduced by about 33.5 mln dlrs if
it decides to reclassify its 339 mln dlrs in medium- to
long-term loans to Brazil as nonperforming.
But the company stressed in a filing with the Securities
and Exchange Commission that it believes it is too... | Corporate News |
AMERICAN HOME SHIELD CORP <AHSC> 4TH QTR NET
| Shr profit 15 cts vs profit 15 cts
Net profit 1,025,000 vs profit 969,000
Revs 10.9 mln vs 7.8 mln
12 mths
Shr profit 33 cts vs loss one cts
Net profit 2,375,000 vs profit 90,000
Revs 38.2 mln vs 20.3 mln
NOTE: Revenues figure shows contract revenue, not gross
contracts wri... | Market and Economy |
MAJOR HOME APPLIANCE SHIPMENTS UP IN FEBRUARY
| Shipments of major home appliances in
February rose 9.1 pct to 3.5 mln, up from 3.2 mln a year ago,
reported the Association of Home Appliance Manufacturers.
It said year to date, total major appliance shipments rose
11.4 pct to 7.6 mln from 6.8 mln a year earlier.
It said strong shipment gains in f... | Corporate News |
TRIANGLE HOME PRODUCTS INC <THP> 4TH QTR LOSS
| Shr loss 17 cts vs loss 19 cts
Net loss 213,000 vs loss 217,000
Sales 6,788,000 vs 6,254,000
Year
Shr loss 22 cts vs loss five cts
Net loss 270,000 vs loss 61,000
Sales 27.0 mln vs 27.0 mln
| Financial Reports |
UTILICORP <UCU> ACQUIRES DOMINION <D> SUBSIDIARY
| UtiliCorp United Inc said it
has closed the previously announced acquisition of West
Virginia Power from Dominion Resources Inc for about 21 mln
dlrs.
| Commodities and Trade |
REICHHOLD <RCI> RAISES SOME MATERIALS PRICES
| Reichhold Chemicals Inc said its
emulsion polymers division increased by nine cts per dry pound
the prices of all styrene-butadiene and polystyrene latexes,
effective May 1.
It said the increase is in addition to recently announced
increases and applies to carpet, paper, nonwovens, textiles,
adhesives... | Financial Reports |
TRI-STAR <TRSP> BUYS CINEPLEX THEATER
| Tri-Star Pictures Inc said it agreed
to acquire the Roosevelt Field Century Theatre from Canada's
Cineplex Odeon Corp's RKO Century Warner Theatres Inc for 17
mln dlrs.
The recently refurbished and expanded theater is located in
Garden City, N.Y..
| Financial Reports |
FRANK B. HALL AND CO INC <FBH> 4TH QTR LOSS
| Oper shr loss 30 cts vs loss 25 cts
Oper net loss 2,138,000 vs loss 2,312,000
Revs 99.3 mln vs 89.4 mln
Year
Oper shr loss 40 cts vs profit 47 cts
Oper net profit 4,294,000 vs profit 8,793,000
Revs 390.9 mln vs 360.5 mln
NOTE: Excludes discontinued operations loss of 1.33 dlr... | Corporate News |
WEISFIELD'S INC <WEIS> 4TH QTR NET
| Shr 1.09 dlrs vs 1.20 dlrs
Net 1,193,000 vs 1,361,000
Revs 18.7 mln vs 17.3 mln
Year
Shr 1.19 dlrs vs 1.52 dlrs
Net 1,300,000 vs 1,831,000
Revs 50.6 mln vs 48.8 mln
| Other |
SINGAPORE EXCHANGE PLANS OPTIONS CONTRACTS
| The Singapore International
Monetary Exchange Ltd, SIMEX, said it would launch at least two
options on futures contracts this year.
SIMEX said in a press release that the options contracts
would be based on the currency and interest rate futures
currently traded on the exchange and be started "toward th... | Market and Economy |
NORRIS OIL CO <NOIL> DEC 31 YEAR LOSS
| Shr loss 1.55 dlrs vs loss 52 cts
Net loss 13,191,000 vs loss 2,254,000
Revs 1,179,000 vs 2,003,000
Avg shrs 8,520,000 vs 4,330,000
Note: Current year loss includes 11.8 mln dlr writedown of
oil and gas properties under full cost accounting method.
| Other |
DORSEY <DSY> COMPLETES SALE OF UNIT
| Dorsey Corp said it
completed the sale of substantially all its Dorsey Trailers Inc
subsidiary assets to <Trailer Acquisition Corp>, whose
stockholders include a former Dorsey vice president and several
executives of the Dorsey Trailers management team.
Terms of the acquisition were not disclosed.
... | Corporate News |
NAPCO INTERNATIONAL <NPCO> 4TH QTR OPER NET
| Oper shr 38 cts vs 5.62 dlrs
Oper net 400,000 vs 6,173,000
Revs 1,195,000 vs 392,000
Year
Oper shr 94 cts vs 5.65 dlrs
Oper net 1,006,000 vs 6,257,000
Revs 2,432,000 vs 1,121,000
NOTE: 1986 operating net for the quarter and year excludes
a loss on the disposal of certain bu... | Other |
NATIONAL BANCORP INC <NIBCA> YEAR END LOSS
| Oper shr loss 1.02 dlr
Oper loss 631,000 dlrs
NOTE: Prior year results are not available as company
completed its public offering in April 1986.
| Corporate News |
<BACHELOR LAKE GOLD MINES INC> YEAR LOSS
| Shr loss seven cts vs loss 19 cts
Net loss 497,452 vs loss 1,306,875
Revs 10.6 mln vs 9.6 mln
| Financial Reports |
SOROS LIFTS KING WORLD <KWP> STAKE TO 8.1 PCT
| New York investor George Soros, and
an investment fund he controls, said they raised their stake in
King World Productions Inc to 2,485,510 shares, or 8.1 pct of
the total outstanding, from 1,986,710 shares, or 6.5 pct.
In a filing with the Securities and Exchange Commission,
Soros said his group bought... | Industrial and Sector News |
CINEPLEX ODEON BUYING COKE <KO> CINEMA UNIT
| <Cineplex Odeon Corp> said it agreed in
principle to acquire the Walter Reade Organization Inc New York
cinema chain from Coca-Cola Co's Entertainment Holdings Inc
unit for 32.5 mln U.S. dlrs.
Cineplex said the purchase price consisted of 22.5 mln dlrs
cash and 652,742 Cineplex common shares. The tra... | Corporate News |
SHULTZ NOT OPPOSED TO WHEAT SUBSIDY TO SOVIETS
| Secretary of State George Shultz has
decided not to oppose any U.S. wheat subsidy offer to the
Soviet Union and has left the final decision on whether to sell
subsidized wheat to Moscow up to President Reagan and the
Agriculture Department, a State Department official said.
"Shultz feels like he fought ... | Other |
<SUMMIT RESOURCES LTD> YEAR NET
| Shr not given
Net 540,000 vs 1,890,000
Revs 4.9 mln vs 7.1 mln
| Corporate News |
GOULDS PUMPS INC <GULD> SETS REGULAR PAYOUT
| Qtly div 19 cts vs 19 cts prior
Pay April 15
Record April three
| Other |
HENKEL TO INCREASE STAKE IN CLOROX <CLX>
| Clorox Co said <Henkel KGaA> of
Dusseldorf, West Germany, agreed to increase its holdings in
Clorox to 30 pct from the current level of 23 pct.
Henkel, which also holds a subordinated note convertible
into another 1.7 pct of the company's stock, intends to acquire
the additional shares in the open ma... | Other |
<SIGMA MINES (QUEBEC) LTD> 4TH QTR NET
| Shr 17 cts vs five cts
Net 1,442,000 vs 393,000
Revs 9,771,000 vs 8,052,000
Year
Shr 74 cts vs 23 cts
Net 6,076,000 vs 1,875,000
Revs 34.9 mln vs 30.3 mln
| Corporate News |
EC OFFICIAL FAULTS U.S. TRADE BILL
| Sir Roy Denman, Head of the EC
Delegation in Washington, said pending U.S. trade legislation
is a misguided attempt to deal with the nation's trade deficit
and will spark retaliation if passed in its present form.
"To think that you can deal with a trade deficit by
legislation is a mistake," he told the... | Corporate News |
PESCH SEES SHAREHOLDER SUPPORT IN AMI <AMI> BID
| Chicago physician LeRoy Pesch said he
has had discussions with several American Medical International
Inc shareholders and sees support for a restructuring of the
company.
Pesch said he has discussed his sweetened, 1.91 billion dlr
takeover bid for American Medical with several large
shareholders, inc... | Corporate News |
FRANK B. HALL <FBH> EARNINGS REPORT QUALIFIED
| Frank B. Hall and Co Inc
said its independent accountants will issue a qualified report
on its financial statements.
The company said the opinion is the result of ongoing
litigation over its discontinued operations. Earlier it said it
lost 2.1 mln dlrs in the fourth quarter against a loss of 2.3
mln d... | Market and Economy |
INTERMARK<IMI> SEEKS MAJORITY PIER 1 <PIR> STAKE
| Intermark Inc, which together with
one of its subsidiaries already holds a 43.4 pct stake in Pier
1 Imports Inc, told the Securities and Exchange Commission it
plans to acquire a majority of the company's voting stock.
Intermark said it already holds 6,839,827 Pier 1 common
shares, or 35.66 pct, and its... | Financial Reports |
ELECTRO SCIENTIFIC <ESIO> 3RD QTR FEB 28 LOSS
| Shr loss 15 cts vs nil
Net loss 877,000 vs profit 22,000
Sales 13.5 mln vs 18.0 mln
Nine mths
Shr loss 35 cts vs profit 20 cts
Net loss 2,098,000 vs profit 1,184,000
Sales 43.5 mln vs 55.9 mln
(Electro Scientific Industries)
| Commodities and Trade |
JOSTEN'S <JOS> TO SELL UNIT TO CAREERCOM <CRCM>
| Josten's Corp said it agreed
to sell its proprietary school business to CareerCom Corp, for
20 mln dlrs in cash and about 1.7 mln CareerCom common shares.
Upon completion of the proposed transaction, Josten's will
own 20 pct of CareerCom's stock, which it intends to hold for
investment purposes, it said... | Financial Reports |
NRM ENERGY CO <NRM> SETS REGULAR PAYOUT
| Qtly cash distribution five cts vs five cts prior
Pay April 15
Record March 31
| Corporate News |
MOTEL 6 LP <SIX> SETS CASH DISTRIBUTION
| Qtly cash distribution 30.5 cts vs 18.4 cts prior
Pay May 15
Record March 31
Note: Prior-quarter dividend was an initial payout based on
operations for a partial fourth quarter in 1986.
| Market and Economy |
GROUP HAS 6.4 PCT OF ATLANTIC RESEARCH <ATRC>
| A group led by Halcyon Investments,
a New York securities and risk arbitrage partnership, said it
has acquired 486,400 shares of Atlantic Research Corp, or 6.4
pct of the total outstanding common stock.
In a filing with the Securities and Exchange Commission,
the Halcyon group said it bought the stake f... | Industrial and Sector News |
ULTRASYSTEMS INC <ULS> 4TH QTR NET
| Shr 26 cts vs 18 cts
Net 2,102,000 vs 1,415,000
Revs 44.1 mln vs 42.2 mln
Year
Shr 21 cts vs 91 cts
Net 1,678,000 vs 7,105,000
Revs 155.1 mln vs 149.2 mln
Note: Current year figures include 10.1 mln dlr writedown
of costs and investments associated with ethanol refinery
p... | Corporate News |
TAG GROUP TO CUT VALERO ENERGY<VLO> STAKE
| An investor group told the
Securities and Exchange Commission it plans to cut its stake in
Valero Energy Corp to 402,925 shares, or 1.6 pct of the total
outstanding, from 1,522,850 shares, or 6.0 pct.
The group, led by TAG Group S.A. of Luxembourg, said it
filed with the SEC on Feb 20 a notice that it p... | Commodities and Trade |
WESTERN TELE-COMMUNICATIONS <WTLCA> 4TH QTR NET
| Oper shr 31 cts vs 34 cts
Oper net 3,005,000 vs 2,835,000
Revs 13.1 mln vs 9,478,000
Year
Oper shr 1.49 dlrs vs 1.15 dlrs
Oper net 28.7 mln vs 16.9 mln
Revs 47.8 mln vs 32.0 mln
Note: Oper net excludes loss from discontinued operations
of 726,000 dlrs vs gain of 737,000 dlr... | Corporate News |
ECUADOR GETS LOAN TO HELP REPAIR OIL PIPELINE
| The Andean Development Corp (CAF) said
today it is lending 11.7 mln dlrs to Ecuador to help repair 25
miles of oil pipeline destroyed by an earthquake earlier this
month.
the loan was signed here today in the offices of the
caracas based caf by the corporation's president, galo montano
perez and ecuad... | Commodities and Trade |
HARMON <HRMN> TO BUY RECYCLING FIRM FOR CASH
| Harmon Industries Inc said it
signed a letter of intent to acquire for about 3.5 mln dlrs, a
majority of the stock of SNP Inc, a Portland, Oregon-based
company which has patents to reprocess used railroad ties into
new ties for resale.
| Market and Economy |
SANTA FE ENERGY PARTNERS LP <SFP> QTLY PAYOUT
| Qtly cash distribution 72 cts vs 72 cts prior
Pay May 15
Record March 31
| Corporate News |
FED DATA SUGGEST U.S. CREDIT POLICY IS ON HOLD
| Latest Federal Reserve data suggest
that the U.S. banking system is flush with reserves going into
a period of traditional tightness and that overall monetary
policy is on hold, economists said.
"There is ample liquidity.... The Fed is not going to shift
gears at the present time or for at least another... | Corporate News |
ICO EXPORTERS TO MODIFY NEW PROPOSAL
| International Coffee Organization (ICO)
exporters will modify their new proposal on quota resumption
before presenting it to importers tomorrow, ICO delegates said.
The change, which will be discussed tonight informally
among producers, follows talks after the formal producer
session with the eight-memb... | Market and Economy |
U.S. SAYS NO SIGNAL BEING SENT BY SHIP MOVEMENTS
| A U.S. Navy battle group led by the
U.S. aircraft carrier Kitty Hawk is in the northern Arabian Sea
amid renewed concern about the safety of shipping off the coast
of Iran, U.S. officials said today.
But Pentagon spokesman Fred Hoffmann said that reports the
naval strike force was in the region did not ... | Other |
COSTA RICA SELLS SUGAR TO SOVIET UNION
| Costa Rica has agreed to sell more
than 32,000 tonnes of sugar this year to the Soviet Union, a
spokesman for local producers said.
Miguel Alfaro, president of the agricultural league of the
sugar cane industry, said the sale follows a recent 50 pct cut
in Costa Rica's quota for sugar exports to the U.... | Commodities and Trade |
BAYOU INTERNATIONAL BUYS STAKE IN SOLOMECS
| <Bayou International Ltd> said it
purchased one-third of the outstanding stock of Solmecs Corp
N.V., a Netherlands Antilles corporation, for 1,750,000 dlrs.
Bayou said it will also receive two seats on Solmecs'
board.
Bayou Ltd is 55.2 pct owned by Australia Wide Industries
Ltd.
Solmecs d... | Corporate News |
MICROPRO INTERNATIONAL CORP <MPRO> 4TH QTR NET
| Quarter ended Feb 28
Shr four cts vs seven cts
Net 500,000 vs 900,000
Revs 9,200,000 vs 10,500,000
Year
Shr four cts vs 12 cts
Net 600,000 vs 1,500,000
Revs 17.6 mln vs 20.8 mln
| Corporate News |
(EXPLOSIVE FABRICATORS INC) 1ST QTR JAN 31 NET
| Net 41,724 vs 120,329
Revs 1,194,556 vs 1,504,702
| Market and Economy |
NEW CHIEF ELECTED FOR WORLD SUGAR ORGANISATION
| Dominican Alfredo Ricart will take over
as executive director of the International Sugar Organization
(ISO) in mid-April, ISO officer in charge Constantin Politoff
said.
Previous ISO chief William Miller retired at end-February
last year.
Ricart told Reuters his first aim is put the "house in orde... | Corporate News |
INTERNATIONAL SUGAR PACT TO BE RENEGOTIATED
| The International Sugar Agreement (ISA)
will be renegotiated, International Sugar Organization (ISO)
officer in charge Constantin Politoff told Reuters after a
special session of the pact's council.
A decision on how to renegotiate will be taken at the ISO
six monthly session in May. The alternatives ar... | Corporate News |
LASER <LSER> SEES IMPACT FROM SUIT ON EARNINGS
| Laser Corp said that costs associated
with its defense of two shareholder lawsuits could result in a
net loss for 1987.
Although Laser expects to post earnings from operations for
the year, a spokesman said they might be wiped out by legal
costs, depending on the length of litigation.
In addition,... | Corporate News |
E.C. OFFICIAL SAYS FATE OF VEG OIL TAX UNCERTAIN
| Whether the European Community's
Council of Ministers will approve a proposed tax on vegetable
oils that has sparked threats of U.S. retaliation is uncertain,
an EC official said.
"It is very far from certain that it will go through," Sir
Roy Denman, Head of the EC Delegation in Washington, told
repor... | Market and Economy |
PENSION INSURANCE GROUP <PGAI> 4TH QTR
| Shr profit two cts vs profit two cts
Net profit 216,000 vs 265,000
Revs 1.7 mln vs 1.4 mln
Year
Shr profit four cts vs loss two cts
Net profit 528,000 vs loss 290,000
Revs 5.9 mln vs 5.5 mln
NOTE:1986 net includes realized investment gains of 3,000
dlrs in year. 1985 4th qt... | Corporate News |
TRANSAMERICA CORP <TA> QUARTERLY DIVIDEND
| Qtly div 44 cts vs 44 cts
Pay April 30
Record April 4
| Corporate News |
SOUTHERN CALIFORNIA EDISON CO <SCE> QTLY DIV
| Qtly div 57 cts vs 57 cts
Pay April 30
Record April 3
| Market and Economy |
COMPREHENSIVE CARE CORP <CMPH> QUARTERLY DIV
| Qtly div nine cts vs nine cts
Pay May 21
Record May 1
| Corporate News |
GREAT WESTERN SAVINGS BANK <GWSB> QUARTERLY DIV
| Qtly div 12 cts vs 12 cts
Pay April 8
Record April 1
| Market and Economy |
SENATE WANTS JAPAN SEMICONDUCTER PACT ENFORCED
| The U.S. Senate has unanimously
called for President Reagan immediately to force Japan to live
up to a pledge to stop dumping its microchips and open its
markets to U.S. Chipmakers.
The Senate voted 93 to 0 to urge Reagan to impose penalties
on Japanese high-technology products containing semiconductors... | Corporate News |
REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
|
REAGAN SAYS U.S. MUST DO MORE TO LESSEN RELIANCE ON FOREIGN OIL
| Corporate News |
REAGAN SAYS U.S. NEEDS TO LESSEN OIL IMPORTS
| President Reagan said the United
States must do more to lessen its reliance on imported oil.
President Reagan said during a nationally televised news
conference that the rising U.S. reliance on foreign oil is a
problem that the administration is studying.
"We have to study this more," Reagan said. "... | Corporate News |
TAIWAN'S EXPORT ORDERS FALL IN FEBRUARY
| Export orders for Taiwanese products
fell 1.37 pct to 3.58 billion U.S. Dlrs in February from 3.63
billion in January, but rose nearly 43 pct from 2.51 billion a
year earlier, an Economic Ministry official said.
He attributed the fall to the rising Taiwan dollar.
February orders for electric and ele... | Corporate News |
BOLIVIAN MINERS CALL GENERAL STRIKE
| About 9,000 miners employed by the
state corporation, Comibol, declared a general strike as from
midnight (0400 gmt) to press for higher salaries, a statement
by the federation for Bolivian mine workers said.
It said the strike was called to defend the nationalised
mining industry. The miners were will... | Corporate News |
CHINESE PORT UNDERUSED DESPITE CONGESTION NEARBY
| The Chinese port of Ningbo is
working well below capacity despite being only 130 miles from
Shanghai, which is seriously congested, a port official said.
Jiang Feng Xiang said the port -- the deepest in China --
handled 17.95 mln tonnes of cargo last year, up from 10.44 mln
in 1985, but well below its p... | Financial Reports |
VOLCKER SAYS U.S. TRADE DEFICIT IS MAJOR CHALLENGE
| Federal Reserve Board
Chairman Paul Volcker said the U.S. Trade deficit is a
challenge for the U.S. Equal to the Soviet Union launching of
Sputnik.
"The international challenge implicit in our huge trade
deficit has become the 1980s equivalent to the launch of
Sputnik by the Russians in the 1950s, whe... | Corporate News |
SHORT-TERM YEN INTEREST RATES SEEN FALLING SOON
| Japanese short-term interest rates,
buoyed recently by seasonal factors, are likely to fall from
the beginning of April when the new financial year begins,
money traders said.
The Bank of Japan is expected to encourage the trend
following its attempts to pressure rates to enhance its
discount rate cut... | Corporate News |
KRUNG THAI BANK TO TAKE OVER SAYAM BANK
| The state-owned Krung Thai Bank Ltd
will start taking over state-owned Sayam Bank Ltd and complete
the process in a year, Finance Minister Suthee Singhasaneh told
a press conference.
He said the takeover decision was made this week to stem
the current heavy losses of Sayam and to avoid competition
bet... | Commodities and Trade |
SENIOR DELEGATES PESSIMISTIC ON ICO TALKS
| Efforts to break an impasse between
coffee exporting and importing countries over regulating the
world coffee market in the face of falling prices appear to
have failed, senior delegates said after a contact group
meeting. The full ICO council is due to meet this evening.
President of the Brazilian Coff... | Commodities and Trade |
KOMATSU LTD <KOMT.T> YEAR 1986
| Group shr 17.68 yen vs 26.49
Net 14.70 billion vs 21.92 billion
Pretax 35.76 billion vs 48.85 billion
Operating 32.88 billion vs 51.90 billion
Sales 788.73 billion vs 796.24 billion
NOTE - Company forecast for current year is group net
15.50 billion on sales of 800 billion.
| Corporate News |
S. KOREAN FEBRUARY CURRENT ACCOUNT SURPLUS NARROWS
| South Korea's current account surplus
narrowed to 419 mln dlrs in February from 679 mln in January
compared with a deficit of 112 mln dlrs in February last year,
provisional Bank of Korea figures show.
The current account in the two months of January and
February swung to a surplus of 1.1 billion dlrs f... | Financial Reports |
KIRIN BREWERY CO LTD <KNBW.T> YEAR TO JANUARY 31
| Parent shr 37.12 yen vs 34.97
Div 9.50 yen vs 7.50
Net 33.34 billion vs 31.05 billion
Current 79.30 billion vs 73.32 billion
Operating 72.13 billion vs 65.53 billion
Sales 1,222 billion vs 1,211 billion
Outstanding shrs 897.96 mln vs 887.76 mln
NOTE - 1986/87 dividend include... | Corporate News |
ECONOMIC SPOTLIGHT - ASIAN DROUGHTS
| Three geographically diverse droughts
in Asia are being linked by some scientists to a
reintensification of the complex and little-understood El Nino
weather pattern, <Accu-Weather Inc>, a commercial weather
forecasting service, said.
Rice and wheat farmers in China, wheat and sugarcane
growers in ... | Corporate News |
RAINBOW AND EQUITICORP PLACE ULTRAMAR STAKE
| New Zealand investment companies
<Rainbow Corp Ltd> and <Equiticorp Holdings Ltd> have placed
the majority of their joint shareholding in oil and gas
conglomerate Ultramar PLC <UMAR.L> at prices up to 2.20 stg per
share, the companies said in a statement.
The companies said they had bought thei... | Corporate News |
PHILIPPINE COPPER SMELTER FACES SHIPMENT DELAYS
| Copper shipments are likely to be
delayed because of power problems at <Philippine Associated
Smelting and Refining Corp> (PASAR), the country's only
smelter, a company official said.
Asked to confirm reports by New York copper trade sources
about PASAR's shipment problems, marketing manager Deograci... | Commodities and Trade |
German M3 rose 2.6 billion marks in February to 1,035.1 billion - Bundesbank
|
German M3 rose 2.6 billion marks in February to 1,035.1 billion - Bundesbank
| Corporate News |
GERMAN M3 RISES 2.6 BILLION MARKS IN FEBRUARY
| West German M3 money supply rose a
seasonally adjusted 2.6 billion marks in February to 1,035.1
billion, the Bundesbank said.
The rise compares with a revised 14.8 billion mark increase
in January and a 2.2 billion rise in February 1986.
| Corporate News |
NON-COMMUNIST STEEL OUTPUT CONTINUES TO FALL
| Steel output in the major
non-Communist producing countries fell sharply in February,
continuing a long-running trend, International Iron and Steel
Institute figures showed.
Production in the 30 countries which report their figures
to it was 6.9 pct below the February 1986 level at 32.03 mln
tonnes.
... | Financial Reports |
GUINNESS STARTS COURT ACTION AGAINST SAUNDERS
| Guinness Plc <GUIN.L> said it has
started court proceedings against former chairman and chief
executive Ernest Saunders and non-executive director Thomas
Ward for recovery of 5.2 mln stg.
The money was paid to Ward via Marketing and Acquisition
Consultants Ltd in Jersey.
Guinness said earlier i... | Financial Reports |
NEW DUTCH ADVANCES TOTAL FOUR BILLION GUILDERS
| The Dutch Central Bank said it has
accepted bids totalling 4.00 billion guilders at tender this
morning for new five-day special advances at 5.3 pct for the
period March 20 to 25.
Subscriptions to 250 mln guilders were fully met, amounts
above 250 mln at 30 pct.
The new facility replaces old 11-da... | Market and Economy |
GLAMIS GOLD LTD <GLGVF> SIX MTHS DEC 31 NET
| Shr 16 cts vs 22 cts
Net 1,226,597 vs 1,327,016
Revs 6,598,580 vs 5,921,828
| Financial Reports |
U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
| The Bank of England said it had invited
an early round of bill offers from the discount houses after
forecasting a shortage of around 950 mln stg in the money
market today.
Among the main factors affecting liquidity, bills maturing
in official hands and the take-up of treasury bills will drain
around ... | Other |
Abbey National said it cutting U.K. Mortgage rate by 1.125 pct to 11.25 pct
|
Abbey National said it cutting U.K. Mortgage rate by 1.125 pct to 11.25 pct
| Commodities and Trade |
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