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INDIA DETAILS RAIN/FLOOD DAMAGE TO GRAIN IN 1986
| Rain and floods in India last year
damaged about 69,000 tonnes of grain intended for human
consumption during storage and transportation, food and civil
supplies minister H. K. L. Bhagat told Parliament.
He did not give comparative figures and said the
government-owned Food Corporation of India (FCI) ha... | Corporate News |
TROPICAL FOREST DEATH COULD SPARK NEW DEBT CRISIS
| The death of the world's tropical rain
forests could trigger a new debt crisis and social and
biological disasters, scientists and ecologists involved with
the International Tropical Timber Organisation (ITTO) said.
At stake is the ability of developing nations, including
Brazil, Mexico and the Philippi... | Financial Reports |
BANK OF FINLAND WILL ANNOUNCE NEW MEASURES
| The Bank of Finland called a news
conference at 1200 GMT to announce new measures for the
"development of the system of monetary control."
A spokesman for the Bank declined to give further details.
Banking sources said they expected the bank to announce it
will actively take part in the interbank ma... | Financial Reports |
JAPAN SLIGHTLY REDUCES SUGAR CONSUMPTION ESTIMATE
| The Agriculture Ministry said it revised
its April-June sugar consumption estimate down to 623,300
tonnes on a refined basis, from 637,800 estimated at the end of
December.
It said the estimate for domestically produced sugar supply
for the same period was revised to 190,400 tonnes from the
earlier es... | Corporate News |
U.S. APPROVES BUYOUT OF COASTAL BANCORP <CSBK>
| Coastal Bancorp said the U.S.
Federal Reserve Board approved the acquisition of Coastal by
Suffield Financial Corp <SSBK>.
The acquisition still requires approval from the Banking
Department in Maine, the company noted.
| Financial Reports |
GERMAN VEBA PLACEMENT SAID LIKELY EARLY NEXT WEEK
| The placement of the German federal
government's 25.6 pct stake in utility Veba AG <VEBG.F> would
probably take place early next week, banking sources said.
Share dealers said speculation had arisen in the early
pre-bourse market that the Veba announcement could come as
early as today. But one bankin... | Financial Reports |
U.K. MONEY MARKET GIVEN 728 MLN STG EARLY HELP
| The Bank of England said it had provided
the money market with 728 mln stg assistance in response to an
early round of bill offers from the discount houses.
Earlier, the Bank had estimated the shortage in the system
today at 950 mln stg.
The central bank purchased 625 mln stg of bills for resale
t... | Financial Reports |
Feb daily ave unwrought aluminium output 33,900 tonnes, up 400 tonnes, IPAI.
|
Feb daily ave unwrought aluminium output 33,900 tonnes, up 400 tonnes, IPAI.
| Corporate News |
STANDARD BANK UNABLE TO MAKE EARNINGS FORECAST
| Standard Bank Investment Corp Ltd
(SPRJ.J) chairman Henri de Villiers said he could not predict
profits for the bank this year because of South Africa's
continuing political unrest.
De Villiers also warned in the annual report that "failing
prompt and decisive political action, South Africa faces a
fu... | Corporate News |
NON-COMMUNIST FEBRUARY ALUMINIUM OUTPUT UP, IPAI
| Non-Communist daily average unwrought
aluminium production in February was 33,900 tonnes, up 400
tonnes from a downwardly revised 33,500 tonnes in January and
compared with 32,900 tonnes in February 1986, provisional
figures from the International Primary Aluminium Institute
(IPAI) show.
Total product... | Commodities and Trade |
EC APPROVES 25,000 TONNES OF BARLEY EXPORTS
| The European Community authorised the
export of 25,000 tonnes of barley yesterday, bringing the
cumulative total at weekly tenders since the series started
last June to 3.33 mln tonnes, close to the 3.37 mln under
licence in the same year ago period, traders said.
All bids for wheat were rejected. Howev... | Financial Reports |
LITTLE PRINCE PRODUCTIONS LTD<LTLP>1ST QTR LOSS
| Qtr ended Dec 31
Shr profit nil vs loss nil
Net profit 858 vs loss 3,957
Revs 7,372 vs 1,500
| Corporate News |
U.K. FEB RETAIL PRICES UP 0.4 PCT, BASE REVISED, YEAR-ON-YEAR RISE 3.9 PCT - OFFICIAL
|
U.K. FEB RETAIL PRICES UP 0.4 PCT, BASE REVISED, YEAR-ON-YEAR RISE 3.9 PCT - OFFICIAL
| Corporate News |
UK AVERAGE GDP RISES PRELIMINARY 2.6 PCT IN 1986, UP 0.7 PCT IN 4TH QTR - OFFICIAL
|
UK AVERAGE GDP RISES PRELIMINARY 2.6 PCT IN 1986, UP 0.7 PCT IN 4TH QTR - OFFICIAL
| Financial Reports |
U.K. AVERAGE GDP RISES 2.6 PCT IN 1986
| Britain's gross domestic product (GDP)
on the average basis of output, expenditure and income rose by
2.6 pct in 1986 after a 3.4 pct increase a year earlier,
Central Statistical Office (CSO) preliminary figures show.
In the fourth quarter, GDP rose 0.7 pct over the previous
quarter and was up 3.3 pct o... | Financial Reports |
U.K. RETAIL PRICES RISE 0.4 PCT IN FEBRUARY
| The Retail Price Index (RPI), Britain's
measure of inflation, rose 0.4 pct in February on a revised
basis, to give a year-on-year rise of 3.9 pct, the Employment
Department said.
In January, the index rose 0.4 pct for a 3.9 pct
year-on-year rise on both the previous base and the new index.
The Feb... | Financial Reports |
DANISH WHOLESALE PRICES FALL 0.5 PCT IN FEBRUARY
| Denmark's wholesale price index fell
0.5 pct in February, giving a year-on-year fall of 4.9 pct, the
National Statistics Office said.
The index, base 1980, stood at 135 in February, a fall of
one point compared to January, against 142 in February 1986.
| Financial Reports |
BANK OF SPAIN SUSPENDS ASSISTANCE, DRAINS FUNDS
| The Bank of Spain suspended its daily
money market assistance and offered to drain funds with three-
and seven-day repurchase agreements at 12-1/2 pct, money market
sources said.
The sources said the measures were a further attempt to
rein in money supply and were likely to force some institutions
to ... | Other |
CANADA CONSUMER PRICE INDEX ROSE 0.4 PCT IN FEBRUARY, STATISTICS CANADA SAID
|
CANADA CONSUMER PRICE INDEX ROSE 0.4 PCT IN FEBRUARY, STATISTICS CANADA SAID
| Corporate News |
CANADA FEBRUARY CONSUMER PRICES UP 0.4 PCT
| The Canadian consumer price index rose
0.4 pct in February, to 135.8, base 1981, compared with a 0.2
pct rise in January and a 0.4 pct rise in February last year,
Statistics Canada said.
The February year-one year rise was 4.0 pct compared with a
3.9 pct rise in January.R
| Other |
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 |
KLM EXPANDS TALKS WITH BRITISH AND COMMONWEALTH
| KLM Royal Dutch Airways <KLM.AS> said
it agreed to take full control of a partially owned Dutch-based
parcel delivery service and will offer a minority stake in it
to British and Commonwealth Shipping Plc <BCOM.L>
KLM, seeking to strengthen its market position in the fast
growing door-to-door deli... | Corporate News |
RAINBOW SAYS BRIERLEY UPSETTING PROGRESSIVE MERGER
| <Rainbow Corp Ltd> said <Brierley
Investments Ltd> (BIL) is trying to disrupt Rainbow's planned
merger with <Progressive Enterprises Ltd>.
Rainbow chairman Allan Hawkins said in a statement, "In our
opinion BIL have deliberately tried to create anomalies in the
market prices of Rainbow and Prog... | Commodities and Trade |
U.K. MONEY MARKET GIVEN FURTHER 31 MLN STG HELP
| The Bank of England said it gave the
money market another 31 mln stg in assistance in the morning
session.
This brings the Bank's total help today to 759 mln stg and
compares with its estimate of a 1.05 billion stg money market
shortage which it earlier revised up from 950 mln stg.
The central ban... | Financial Reports |
U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
|
U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
| Corporate News |
TAIWAN PLANS MISSION TO CLOSE TRADE GAP WITH U.S.
| Taiwan's leading industrial organisation
said it will send its first buying mission to the U.S. Later
this year in an effort to reduce the country's trade surplus
with Washington.
A spokesman for the Chinese National Federation of
Industries told Reuters the mission was part of a broader plan
to switc... | Corporate News |
20-MAR-1987
| 20-MAR-1987
| Commodities and Trade |
NEWMAN, HAWKER DISCUSS ELECTRIC MOTOR MERGER
| <Newman Industries Plc> said it was
discussing the possible merger of its electric motor operations
with Hawker Siddeley Group Plc's <HSID.L> <Brook Crompton
Parkinson Motors Ltd> unit.
Newman has electric motor operations in the U.K. And
Australia. The company gave no further details but said ... | Corporate News |
AKZO BUYS RHONE-POULENC HOUSEHOLD UNITS
| Dutch chemical group Akzo
N.V. <AKZO.AS> said it agreed to take over household product
subsidiaries of French group Rhone-Poulenc <RHON.PA> for an
undisclosed sum.
Under the agreement, Akzo will acquire the household
product activities of the Lyons-based <Rhodic> and
Remalard-based <Buhler... | Commodities and Trade |
SWISS BANKER WANTS BOND RATINGS, SHARE DISCLOSURE
| A top Swiss banker called for an
obligatory, continuous rating for all Swiss franc bonds and
said he believed anyone buying more than five pct of a company
should be made to declare their share.
In comments at a news conference of <Vontobel Holding AG>,
chairman Hans Vontobel said he believed it was ... | Financial Reports |
ITALIAN JANUARY INDUSTRIAL OUTPUT FALLS 3.4 PCT
| Italian industrial production fell 3.4 pct
in January, compared with the same month last year, the
national statistics institute Istat said.
The rise follows a year-on-year increase in December 1986
of 4.5 pct.
Istat's industrial production index, base 1980, not
seasonally adjusted, registered 93.... | Financial Reports |
BERLINER BANK SUFFERS LOSSES ON STUTTGART LOANS
| <Berliner Bank AG> has suffered
losses of between 10 and 100 mln marks through credits granted
by its Stuttgart branch by officials there exceeding their
powers, a bank spokesman said in answer to queries.
The spokesman declined to say exactly how large the losses
were. Berliner Bank has suspended th... | Commodities and Trade |
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 |
BANK OF SPAIN SUSPENDS ASSISTANCE, DRAINS FUNDS
| The Bank of Spain suspended its daily
money market assistance and offered to drain funds with three-
and seven-day repurchase agreements at 12-1/2 pct, money market
sources said.
The sources said the measures were a further attempt to
rein in money supply and were likely to force some institutions
to ... | Financial Reports |
TRICO <TRO> GETS CHINESE CONTRACT
| Trico Industries Inc said it has
received a six mln dlr contract to supply hydraulic lift
equipment for heavy crude oil production for the Chinese
Ministry of Petroleum Industry.
The company said the equipment is for use in the Laiohe
oilfield 350 miles northeast of Peking and will equip a
140-well pr... | Financial Reports |
AMCA <AIL> TO SELL SOME DOMINION BRIDGE ASSETS
| AMCA International Ltd said it finalized
agreement to sell certain assets and inventories of its
Dominion Bridge steel service center operations to <Federal
Industries Ltd>'s Russelsteel Inc unit. Terms were undisclosed.
It said the sale involved assets and operations of the
general line of steel ser... | Other |
MICRON TECHNOLOGY INC <DRAM> 2ND QTR MARCH FIVE
| Shr loss 46 cts vs loss 51 cts
Net loss 10.9 mln vs loss 9,782,818
Revs 20.1 mln vs 9,437,270
Avg shrs 23.5 mln vs 19.3 mln
1st half
Shr loss 90 cts vs loss 1.11 dlrs
Net loss 20.6 mln vs 21.4 mln
Revs 38.9 mln vs 14.5 mln
Avg shrs 22.8 mln vs 19.2 mln
| Corporate News |
BIOSEARCH MEDICAL PRODUCTS INC <BPMI> 4TH QTR
| Shr loss seven cts vs loss 23 cts
Net loss 381,000 vs loss 1,071,000
Sales 4,531,000 vs 4,409,000
Year
Shr loss 21 cts vs loss 98 cts
Net loss 1,098,000 vs loss 4,658,000
Sales 17.8 mln vs 17.3 mln
| Financial Reports |
MOORE FINANCIAL GROUP INC <MFGI> SETS PAYOUT
| Qtly div 30 cts vs 30 cts prior
Pay April 16
Record April Three
| Corporate News |
DUTCH JANUARY INDUSTRIAL PRODUCTION RISES 4.8 PCT
| Industrial production rose 4.8 pct on
a seasonally-adjusted basis in January compared with December
while rising 2.8 pct from January last year, Central Bureau of
Statistics figures show.
In December, industrial production fell by 2.8 pct from
November while rising 2.9 pct compared with December 1985.
... | Financial Reports |
BONN EXPRESSES SUPPORT FOR U.S. ON EC VEG OIL TAX
| The West German government expressed
support for the U.S. Position in opposing the proposed European
Community tax on vegetable oils and fats, a U.S. Embassy
spokesman said.
The spokesman, speaking from Bonn, said, "We have good
reason to think West Germany holds to its resistance to the
proposed tax.... | Financial Reports |
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 |
FLEET <FLT> COULD FACE CONNECTICUT DIVESTITURE
| Fleet Financial Group said it might
have to sell its First Connecticut Corp subsidiary as a result
of its proposed 1.3 billion dlr acquisition of Norstar Bancorp
<NOR>.
Under Connecticut banking law, New England based bank
holding companies such as Fleet are not allowed to operate
Connecticut banks... | Financial Reports |
JAPAN UNDER ATTACK OVER TRADE SURPLUS
| Japan's economic policies face fierce
international attack as hopes fade of a substantial drop in its
trade surplus, international monetary sources said.
At a meeting this week in Paris, senior government
officials from major nations are considering an Organisation
for Economic Cooperation and Developme... | Corporate News |
GEODOME <GOEDF> TO START MINE CONSTRUCTION
| Geodome Resources Ltd said
following receipt of a feasibility study from Raytheon Co's
<RTN> Stearns Catalytic unit, it will proceed with construction
and pre-production stripping at its Sunbeam Mine in Custer
County, Idaho, as quickly as possible.
The company said the study found proven ore reserves... | Corporate News |
M.D.C. ASSET INVESTORS <MIR> IN INITIAL PAYOUT
| M.D.C. Asset Investors Inc, which
recently went public, said its board declared an initial
quarterly dividend of 45 cts per share, payable April 15 to
holders of record April One.
| Commodities and Trade |
JAPAN SAYS OECD STUDY ON SUBSIDIES STILL ONGOING
| Japanese Agriculture Ministry officials
said a study of agriculture subsidies by the Organisation for
Economic Cooperation and Development, OECD, is still under way
and will be completed sometime next month.
The officials said the study has been inaccurate so far,
and they said Japan would comment on th... | Other |
VOLCKER SAYS 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... | Financial Reports |
(CORRECTED)-MICROPRO INTERNATIONAL CORP <MPRO> NET
| 2nd qtr
Shr four cts vs seven cts
Net 500,000 vs 900,000
Revs 9,200,000 vs 10.5 mln
1st half
Shr four cts vs 12 cts
Net 600,000 vs 1,500,000
Revs 17.6 mln vs 20.8 mln
NOTE: Period ended February 28.
Company corrects period in March 19 item
| Market and Economy |
C.O.M.B. <CMCO> TO ACQUIRE REST OF CABLE VALUE
| C.O.M.B. Co said its board has
approved a proposal to acquire the 50 pct of Cable Value
Network held by its cable television industry partners in
exchange for warrants for C.O.M.B. common.
The company, which already owns the other 50 pct of CVN,
said it plans to change its name to CVN.
C.O.M.B. sa... | Financial Reports |
HOME SAVINGS DURHAM <HSLD> SETS STOCK DIVIDEND
| Home Savings and Loan Association
Inc of Durham, N.C., said its board declared a 20 pct stock
dividend, payable April 28 to holders of record April Three.
| Corporate News |
TWA IN LEGAL STIPULATION NOT TO PURSUE THE ACQUISITION OF USAIR
|
TWA IN LEGAL STIPULATION NOT TO PURSUE THE ACQUISITION OF USAIR
| Corporate News |
Top discount rate at U.K. Bill tender falls to 9.1250 pct
|
Top discount rate at U.K. Bill tender falls to 9.1250 pct
| Corporate News |
CANADA NORTHWEST TO SELL PREFERRED SHARES
| <Canada Northwest Energy Ltd>
said it reached agreement in principle to sell one mln
preferred shares by way of private placement to raise 32.5 mln
dlrs for oil and gas exploration.
The 5.4 pct cumulative redeemable convertible series D
preferred shares will be flow-through shares entitling holders
... | Financial Reports |
SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD
| <Scott's Hospitality Inc> said it
acquired Capital Food Services Ltd, Ottawa's largest catering
and food service company, for undisclosed terms.
Scott's said it would operate Capital Food as a separate
unit under Capital's current name and management.
| Corporate News |
INDIA, AUSTRALIA AGREE TO IMPROVE TWO-WAY TRADE
| Indian and Australian businessmen
signed a memorandum of understanding to boost two-way trade and
joint industrial ventures in both countries, spokesmen of the
Indo-Australia Business Council told reporters.
The Indian Council said it hoped India's exports to
Australia would improve in the next few mont... | Financial Reports |
OHIO EDISON SELLS 30 PCT OF NUCLEAR INTEREST FOR 509 MLN DLRS
|
OHIO EDISON SELLS 30 PCT OF NUCLEAR INTEREST FOR 509 MLN DLRS
| Financial Reports |
HIGH WINDS KEEP VESSELS TRAPPED IN BALTIC ICE
| Strong south-easterly winds were
keeping many vessels trapped in the ice off the Finnish and
Swedish coasts in one of the worst icy periods in the Baltic
for many years, the Finnish Board of Navigation said.
In Finland and Sweden up to 50 vessels were reported to be
stuck in the ice, and even the larges... | Financial Reports |
EC AND COMECON ENDS TALKS WITH PROGRESS
| The European Community (EC) and
Soviet-led Comecon ended talks here, having made progress on
setting up formal trade relations, but no breakthrough because
of Comecon's refusal to recognise West Berlin as part of the
EC, delegates said.
Negotiators were trying to reach agreement on the draft of
a join... | Financial Reports |
OHIO EDISON <OEC> SELLS 30 PCT OF NUCLEAR INTEREST
| Ohio Edison Co said it has
completed the sale and leaseback of 30 pct of its 30 pct
interest in Unit One of the Perry Nuclear Power Plant,
receiving 509 mln dlrs for the interest.
The utility said the share of its interest in the 1,205
megawatt generating plant was sold to a group of institutional
inv... | Financial Reports |
GEODOME SETS IDAHO GOLD/SILVER MINE CONSTRUCTION
| Geodome Resources Ltd said
following receipt of a feasibility study from Raytheon Co's
Stearns Catalytic unit it will proceed with construction and
pre-production stripping at its Sunbeam Mine in Custer County,
Idaho, as quickly as possible.
The company said the study found proven ore reserves of
3,30... | Financial Reports |
STANLEY INTERIORS <STHF> SAYS RESULTS REDUCED
| Stanley Interiors Corp said
its first quarter shipments and operating income were lower
than expected due to snowstorms in January and February that
forced the closing of some of its manufacturing facilities for
up to six days.
Stanley said, however, that any reduction in first quarter
operating incom... | Financial Reports |
TWA <TWA> IN COURT SETTLEMENT WITH USAIR <U>
| Trans World Airlines Inc said it
reached an agreement yesterday in federal court with USAir
Group Inc that prevents TWA from buying additional shares of
USAir.
Under the agreement, TWA, which holds about 15 pct of USAir
stock, will not buy more USAir shares before April 23 and will
not do so after tha... | Corporate News |
U.K. MONEY MARKET GETS 186 MLN STG AFTERNOON HELP
| The Bank of England said it had given
the money market a further 186 mln stg assistance in the
afternoon session. This brings the Bank's total help so far
today to 945 mln stg and compares with its revised forecast of
a one billion stg deficit.
The central bank bought bank bills outright comprising 51
... | Other |
CRI INSURED MORTGAGE INVESTMENTS LP <CRM> PAYOUT
| Mthly div 16-1/2 cts vs 16-1/2 cts prior
Pay May 15
Record March 31
| Corporate News |
AMERICAN MOTORS <AMO> BOARD MEETING ON TAKEOVER
| American Motors Corp's board of
directors is meeting this morning in New York to consider
Chrysler Corp's <C> 1.5 billion dlr takeover offer, an American
Motors spokesman said.
The spokesman reiterated statements made earlier in the
week that the regularly scheduled meeting was being held.
The ... | Financial Reports |
KEATING SEES LOWER AUSTRALIAN CURRENT DEFICIT
| Australian Treasurer Paul Keating said
he expects the country's 1986/87 current account deficit to be
one billion dlrs lower than the 14.7 billion forecast in the
August budget. Keating told a financiers' dinner that
February's 750 mln dlr deficit, against January's 1.23 billion,
was "in the groove" of the ... | Financial Reports |
TREASURY'S BAKER SUPPORTS FED MONETARY POLICY
| Treasury Secretary James Baker said
in a newspaper interview that he supports the current course of
Federal Reserve Board monetary policy.
"The course of Fed policy is quite adequate as far as we are
concerned," Baker said in an interview with the New York Times.
In the interview, Baker declined to ... | Financial Reports |
UNION NATIONAL <UNBC> SIGNS DEFINITIVE PACT
| Union National Corp said it
signed a definitive agreement under which its First National
Bank and Trust Co of Washington unit will merge with <Second
National Bank of Masontown>.
Under a previously announced merger agreement, each share
of Second National's common stock will be converted into 25
sh... | Commodities and Trade |
UNIVERSAL RESOURCES <UVR> TO VOTE ON MERGER
| Universal Resources Corp said it
is holding a special shareholders meeting this morning to vote
on the previously-proposed merger between it and Questar Corp
<STR>.
Universal, whose stock was delayed this morning on the
American Stock Exchange, said it will release a statement later
in the day on t... | Corporate News |
SONEX RESEARCH <SONX> CUSTOM AUTO USES MORE GAS
| Sonex Research Inc said its
modified 1986 British Ford Escort passed the European emissions
test, but reported the engine consumed 35 pct more fuel than
the stock engine.
Sonex said its engine is not equipped with a catalytic
converter and does not use exhaust gas recirculation or an
emission air pump... | Commodities and Trade |
LOUISIANA PACIFIC <LPX> BUYS OREGON SAWMILL
| Louisiana Pacific Corp has
agreed to pay 3,475,000 dlrs for the bankrupt Harris Pine
Sawmill in Pendleton, Ore., the mill's bankruptcy trustee said.
Louisiana Pacific refused to indicate whether it would
repoen the lumber mill which was closed after the sawmill owned
by the Seventh Day Adventist Church ... | Commodities and Trade |
INTERNATIONAL PAGURIAN HAS FIVE MONTH PROFIT
| <International Pagurian Corp Ltd> said
it had net profit of 3.3 mln dlrs or three cts a share for the
period August 15 to December 31, 1986, based on 55.2 mln shares
outstanding.
Revenues for the full year ended December 31, 1986 were 5.5
mln dlrs and net assets at year end were 317.5 mln dlrs.
... | Corporate News |
S. AFRICAN M-3 MONEY GROWTH SLOWS IN JANUARY
| South African year-on-year broadly
defined M-3 money supply growth slowed to 8.62 pct in January
from 9.32 pct in December, Reserve Bank figures show.
M-3 fell to 77.98 billion rand in January from 79.31
billion in December, while preliminary February figures show
M-3 at 79.42 billion rand for a year-on... | Corporate News |
COMPUSCAN INC <CSCN> 3RD QTR FEB 28 NET
| Shr loss eight cts vs loss 20 cts
Net loss 469,000 vs loss 1,104,000
Revs 3,093,000 vs 3,056,000
Nine mths
Shr loss 19 cts vs loss 29 cts
Net loss 1,098,000 vs 1,646,000
Revs 9,562,000 vs 12.2 mln
| Corporate News |
FIRST FEDERAL <FFBN> MERGING INTO BANKEAST <BENH>
| First Federal Bank FSB said it has
entered into a letter of intent to merge into BankEast Corp for
60 dlrs per First Federal share in BankEast common stock.
First Federal said, subject to certain adjustments,
including First Federal's earnings prior to the close of the
deal, each share of its common sto... | Financial Reports |
ILLINOIS TOOL WORKS <ITW> SELLS TWO DIVISIONS
| Illinois Tool Works Inc said it
completed the sale of its Drill and End Mill division, Pine
Bluff, Arkansas and Eclipse Counterbore division, Detroit, to
newly-formed Eclipse Industrial Pruducts Inc, based in St.
Louis. Terms were not disclosed.
All employees at both locations will be retained, it adde... | Financial Reports |
ANALYSTS SEE NO OTHER BIDDER FOR PUROLATOR<PCC>
| Several analysts said they do not
believe another suitor will top the 265 mln dlr bid for
Purolator Courier Corp by E.F. Hutton LBO Inc and a management
group from Purolator's courier division.
There had been speculation another offer might be
forthcoming, but analysts mostly believe the 35 dlrs per sha... | Financial Reports |
NATIONAL PATENT DEVELOPMENT CORP <NPD> IN PAYOUT
| Qtly div 2-1/2 cts vs 2-1/2 cts prior
Pay May One
Record April One
| Corporate News |
THOMPSON MEDICAL CO INC <TM> SETS QUARTERLY
| Qtly div 10 cts vs 10 cts prior
Pay April 15
Record March 30
| Corporate News |
GULF CANADA <GOC> ASSERTS NO DAMAGE FROM SPILL
| Gulf Canada Corp said a
discharge of material at its Amauligak drilling site in the
Beaufort Sea caused no danger to the environment.
Yesterday, the federal department of energy charged Gulf
Canada with eight counts of illegal dumping for discharging
powdered cement and drilling mud between September 23... | Financial Reports |
METALLGESELLSCHAFT AG <METG.F>
| Year to September 30, 1986
Domestic group net profit 69.9 mln marks vs 61.4 mln.
Parent net profit 53.6 mln vs 43.8 mln.
Dividend six marks vs same.
Parent payment to disclosed reserves 20 mln vs 15 mln.
| Financial Reports |
PUBCO <PUBO> DECLARES DIVIDEND RIGHT
| Pubco Corp said its board declared a
dividend distribution of one common stock purchase right on
each outstanding share of Pubco's common stock.
It said each right will entitle shareholders to buy one
share of common stock at an exercise price of three dlrs.
The rights will be exercisable only if a ... | Financial Reports |
TECH DATA <TECD> SETS THREE FOR TWO SPLIT
| Tech Data Corp said its board
declared a three-for-two stock split, payable April 30 to
holders of record April 1.
| Corporate News |
VERTEX <VETX> TO BUY COMPUTER TRANSCEIVER STAKE
| Vertex Industries Inc and
<Computer Transceiver Systems Inc> jointly announced an
agreement for Vertex to acquire a 60 pct interest in Computer
after it completes a proposed reorganization.
Computer has been in reorganization proceedings under
chapter 11 since September 1986.
The companies said... | Financial Reports |
RENT-A-CENTER <RENT> VOTES 3 FOR 2 SPLIT
| Rent-A-Center Inc said its
directors approved a three-for-two stock split payable April
20, record April 3.
| Financial Reports |
USACAFES <USF> SETS HIGHER DIVIDEND
| USACafes LP said its board declared a
quarterly dividend of 20 cts per unit -- its first since
converting to a limited partnership.
The company, as USACafes Inc, had paid a quarterly dividend
of nine cts per share.
It said the restructuring as a partnership has
substantially increased the cash ava... | Corporate News |
COOPER CANADA SAID IT RECEIVED TAKEOVER OFFERS
| <Cooper Canada Ltd> said it has
received takeover offers from "a number of companies."
The company also said that "discussions are continuing, but
no definitive arrangements have been made."
It gave no further details.
| Corporate News |
N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
|
N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
| Corporate News |
U.S. GRAIN ANALYSTS SEE LOWER CORN, SOY PLANTING
| Grain analysts surveyed by the American
Soybean Association, ASA, projected acreage this year at 59.1
mln acres of soybeans and 64.7 mln acres of corn.
In 1986, farmers planted 61.5 mln acres of soybeans and
76.7 mln acres of corn, according to the February 9 USDA
supply/demand report. The USDA is to re... | Corporate News |
FREEPORT-MCMORAN OIL AND GAS <FMR> PAYOUT RISES
| Mthly div 14.248 cts vs 4.912 cts prior
Pay April 10
Record March 31
| Corporate News |
ILLINOIS REGIONAL <ILLR> MULLS AFFILIATION
| Illinois Regional Bancorp said
it is evaluating whether to affiliate with a larger bank
holding company or continue to remain independent.
The 500 mln dlr-asset bank holding company said that in
view of recent investor interest in suburban Chicago banks, it
retained Merrill Lynch Capital markets to advi... | Corporate News |
SHELDAHL <SHEL> VOTES THREE-FOR-TWO STOCK SPLIT
| Sheldahl Inc said its
directors approved a three-for-two stock split, payable April
24, record April 3.
| Financial Reports |
RUSS TOGS INC <RTS> SETS QUARTERLY
| Qtly div 19 cts vs 19 cts prior
Pay April 15
Record April One
| Corporate News |
BANK OF FINLAND TO TRADE IN BANKS' CERTIFICATES
| The Bank of Finland said it has
started dealings in banks' certificates of deposits (CDs) with
immediate effect and that it was prepared to issue its own
paper to stimulate operations on the domestic money market.
Bank of Finland Governor Rolf Kullberg told a news
conference the Bank will also limit cre... | Corporate News |
CARTERET SAVINGS<CBC> COMPLETES SALE OF BRANCHES
| Carteret Savings Bank said it
has completed the previously announced sale of six Virginia
branches to Charter Federal Savings and Loan Association
<CHFD>.
Carteret said it has opened a retail banking office in
Vienna, Va., as the next step in its move to build a strong
presence in the Washington, D... | Commodities and Trade |
FED EXPECTED TO SET CUSTOMER REPURCHASES
| The Federal Reserve is expected to
intervene in the government securities market to add temporary
reserves indirectly via 1.5-2.0 billion dlrs of customer
repurchase agreements, economists said.
Federal funds, which averaged 6.06 pct yesterday, opened at
6-1/16 pct and remained there in early trading.
... | Commodities and Trade |
MCDONALD'S <MCD> UP ON REAFFIRMED RECOMMENDATION
| The stock of McDonald's Corp rose
sharply this morning after analyst Daniel Lee of Drexel Burnham
Lambert Inc reiterated his recommendation of the stock, traders
said.
McDonald's, an operator of fast food restaurants, rose
1-5/8 to 77-3/8.
"Comparable store sales are up 5.6 pct in 1986 vs 1985,"
... | Financial Reports |
ICN PHARMACEUTICAL INC <ICN> 1ST QTR FEB 28 NET
| Oper shr 14 cts vs four cts
Oper net 2,959,000 vs 1,103,000
Sales 22.5 mln vs 25.2 mln
Note: oper data does not include extraordinary gains of
3,686,000 dlrs, or 17 cts per shr, in current quarter and
975,000 dlrs, or eight cts per shr, in year ago quarter from
sales of certain marketable secu... | Financial Reports |
AMERICAN FEDERAL COLORADO <AFSL> HALVES PAYOUT
| American Federal Savings and Loan
Association of Colorado said its board cut the quarterly
dividend to 7-1/2 cts per share from 15 cts.
The dividend is payable April 14 to holders of record March
31.
The company said earnings will continue under pressure this
year due to the weakness of the Colora... | Financial Reports |
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