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TEXAS UTILITIES CO <TXU> 12 MTHS FEB 28 NET
Shr 4.50 dlrs vs 4.30 dlrs Net 637.4 mln vs 588.5 mln Revs 3.95 billion vs 4.10 billion Avg shrs 141.7 mln vs 136.9 mln
Commodities and Trade
<GUARDIAN TRUSTCO INC> 4TH QTR NET
Shr 15 cts vs nine cts Net 528,000 vs 374,000 Revs not given Year Shr 1.25 dlrs vs 42 cts Net 2,853,000 vs 1,579,000 Revs 55.3 mln vs 46.8 mln Note: shr after preferred dividends
Financial Reports
ENVIROPACT <VIRO> TO MAKE ACQUISITION
Enviropact Inc said it has signed a letter of intent to acquire Willms Trucking Co Inc for about 12.5 mln dlrs, with completion expected in 45 days. In the year ended September 30, Willms had revenues of about 15 mln dlrs. It transports hazardous waste, sand and gravel.
Financial Reports
WHITEHALL CORP <WHT> 4TH QTR NET
Shr 15 cts vs 55 cts Net 557,000 vs 2,020,000 Revs 8,872,000 vs 13,908,000 Year Shr 60 cts vs 2.52 dlrs Net 2,198,000 vs 9,313,000 Revs 36.9 mln vs 55.7 mln
Corporate News
VIRATECK INC <VIRA> 1ST QTR FEB 28 OPER LOSS
Oper shr loss 23 cts vs profit 16 cts Oper loss 1,868,000 vs profit 1,293,000 Revs 183,000 vs 3,400,000 Note: Oper data does not include year ago extraordinary gain of 750,000 dlrs, or nine cts per shr.
Other
PARKWAY CO <PKWY> SETS QUARTERLY
Qtly div 20 cts vs 20 cts prior Pay May 20 Record May Four
Financial Reports
ITALY SETS RULES FOR COMPANY HOLDINGS IN BANKS
Companies will henceforth be able to own stakes in banks, but these should not constitute a "dominant" holding, an Italian government committee ruled. The Interministerial Committee on Credit and Savings, headed by Treasury Minister Giovanni Goria, said its decision reflected the "need to safeguard the ...
Financial Reports
PARISIAN INC <PASN> 4TH QTR JAN 31 NET
Shr 58 cts vs 57 cts Net 4,313,000 vs 3,824,000 Sales 72.8 mln vs 61.5 mln Avg shrs 7,492,000 vs 6,740,000 Year Shr 1.33 dlrs vs 1.23 dlrs Net 9,592,000 vs 8,257,000 Sales 226.4 mln vs 184.4 mln Avg shrs 7,228,000 vs 6,740,000
Financial Reports
SPI PHARMACEUTICALS INC <SPIP> 1ST QTR OPER NET
Qtr ended Feb 28 Oper shr 31 cts vs 14 cts Oper net 3,203,000 vs 1,357,000 Revs 13.0 mln vs 15.6 mln Note: Oper data does not include year ago extraordinary gain of 821,000 dlrs, or eight cts per shr.
Financial Reports
GUARDIAN TRUSTCO SEES MODEST 1987 OUTLOOK
<Guardian Trustco Inc>, earlier reporting a 198 pct increase in full year earnings per share, said the outlook for 1987 is more modest. The company said it has started a number of long-term growth projects which have a payback period exceeding one year. Guardian Trustco did not give a specific earnin...
Other
COGECO BUYS FM STATION, PLANS SHARE ISSUE
<Cogeco Inc> said it agreed to acquire 100 pct of Quebec City radio station CJMF-FM and will issue subordinated voting shares of the company to cover a portion of the purchase price. It said the purchase price and other terms of the transaction have not been disclosed. The transaction is subject to...
Commodities and Trade
NESTLE 1986 NET 1.79 BILLION SWISS FRANCS VS 1.75 BILLION, DIV UNCHANGED 145 FRANCS
NESTLE 1986 NET 1.79 BILLION SWISS FRANCS VS 1.75 BILLION, DIV UNCHANGED 145 FRANCS
Corporate News
TEXAS INDUSTRIES INC <TXI> 3RD QTR FEB 28 NET
Shr loss 50 cts vs profit one ct Net loss 4,419,000 vs profit 276,000 Sales 126.8 mln vs 151.3 mln Nine mths Shr loss 42 cts vs profit 1.27 dlrs Net loss 3,160,000 vs profit 11.2 mln Sales 429.9 mln vs 477.5 mln NOTE: Current year net includes tax credits of 2,164,000 dlrs ...
Commodities and Trade
SERVICE CORP INTERNATIONAL <SRV> 3RD QTR NET
Qtr ended Jan 31 Shr 33 cts vs 29 cts Net 14.8 mln vs 11 mln Revs 108.6 mln vs 70.0 mln Avg shrs 45.2 mln vs 37.6 mln Nine mths Shr 88 cts vs 76 cts Net 36.7 mln vs 28.7 mln Revs 260.4 mln vs 193.0 mln Avg shrs 41.9 mln vs 37.8 mln Note: Net for nine mths in...
Financial Reports
TALKING POINT/FIRST CITY BANCORPORATION <FBT>
First City Bancorporation's sale of 54 mln dlrs in oil loans to Prudential-Bache should significantly reduce its energy problems, but the bank's losses are still virtually guaranteed to continue, analysts said. The package of energy loans was sold at book value, so First City did not to show a gain or l...
Financial Reports
SUNSHINE MINING CO 4TH QTR SHR LOSS 64 CTS VS LOSS 57 CTS
SUNSHINE MINING CO 4TH QTR SHR LOSS 64 CTS VS LOSS 57 CTS
Corporate News
20-MAR-1987
20-MAR-1987
Financial Reports
GRACO INC <GGG> VOTES QUARTERLY DIVIDEND
Qtly div 15 cts vs 15 cts prior qtr Pay 6 May Record 8 April
Corporate News
AUDIO/VIDEO <AVA> SUES OVER CYCLOPS <CYL> BID
Audio/Video Affiliates Inc said it has filed suit against <Dixons Group PLC>, Cyclops Corp, Alleghany Corp <Y> and others in connection with Dixons' recently completed tender offer in which it raised its ownership of Cyclops to 56 pct. The company said the suit, filed in U.S. District Court for ...
Other
DIXONS SAYS SEC MOVING ON CYCLOPS <CYL> TENDER
<Dixons Group PLC> said the Securities and Exchange Commission has authorized, but not commenced, the filing of an action against it concerning its waiver of a condition in its tender offer for Cyclops Corp. Dixons has offered to buy about 80 pct of Cyclops shares. The SEC action deals with a waiver...
Corporate News
SUNSHINE MINING CO <SSC> 4TH QTR LOSS
Shr loss 64 cts vs loss 57 cts Net loss 34.9 mln vs loss 22.1 mln Revs 31.5 mln vs 60.2 mln Avg shrs 60.1 mln vs 45.2 mln Year Shr loss 2.27 dlrs vs loss 1.66 dlrs Net loss 103.2 mln vs loss 57.6 mln Revs 129.8 mln vs 169.5 mln Avg shrs 51.2 mln vs 38.1 mln NOTE: ...
Financial Reports
SCAT HOVERCRAFT INC <SCAT> YEAR LOSS
Shr loss not given Net loss 1,300,000 Sales 3,300,000 NOTE: Company incorporated in June 1985. Fourth quarter loss 895,000 dlrs.
Financial Reports
NESTLE SA <NESZ.Z> YEAR 1986
Div 145 Swiss francs per share and 29 francs per participation certificate (unchanged) Net 1.79 billion vs 1.75 billion Shr 526 vs 515 Turnover 38.05 billion vs 42.23 billion Addition to reserves 170 mln vs 95 mln.
Corporate News
PEOPLES BANCORPORATION <PEOP> QUARTERLY DIVIDEND
Qtly div 25 cts vs 25 cts Pay April 24 Record March 31
Financial Reports
SOUTHEAST BANKING CORP <STB> SETS QUARTERLY
Qtly div 22 cts vs 22 cts prior Pay April 10 Record March 30
Corporate News
BALANCE COMPUTER CORP 3RD QTR JAN 31 LOSS
Shr loss one ct vs profit five cts Net loss 34,496 vs profit 207,165 Rev 102,691 vs 297,813 Nine months Shr profit one ct vs profit five cts Net profit 69,018 vs profit 230,188 Rev 641,823 vs 666,319 NOTE: The company was delisted from the NASDAQ in November 1985. Third qtr...
Other
RECOMMENDATION REITERATED ON WANG LABS <WANB>
Analyst Thomas McCrann of Merrill Lynch said he reiterated a "buy" recommendation of Wang Laboratories Inc, noting that a successful cost cutting campaign could reduce the earnings loss expected for the third quarter ending in March. Wang was the most actively traded stock on the American Stock Exchan...
Commodities and Trade
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
FED SAYS IT SETS 1.5 BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS
Corporate News
JAPAN, BRITAIN DISAGREE ON TELECOM MERGER
Cable and Wireless Plc <CAWL.L> is resisting attempts to merge two Japan-based telecommunications firms in the hope that overseas political pressure will force a change in those plans, a company executive said. Cable and Wireless, which holds a 20 pct stake in one of the two Japanese firms, is oppose...
Other
WINTHROP INSURED MORTGAGE II <WMI> SETS PAYOUT
Qtly div 35 cts vs 35 cts prior Pay April 15 Record March 31 NOTE: Winthrop Insured Mortgage Investors II.
Other
GERMAN MONEY SUPPLY GROWTH SLOWS IN FEBRUARY
West Germany's money supply growth slowed in February after January's sharp rise but the trend is still definitely upward, the Bundesbank said in a statement. Growth in the traditionally broad M3 aggregate was only moderate in February. While cash in circulation, deposits with statutory withdrawal notic...
Corporate News
ENTEX ENERGY DEVELOPMENT LTD <EED> SETS PAYOUT
Qtly div 15 cts vs 15 cts prior Pay May 29 Record March 31
Market and Economy
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements, a Fed spokesman said. Dealers said Federal funds were trading at 6-1/16 pct when the Fed began its temporary and indirect supply of reserves to the banking system.
Corporate News
EC SAYS U.S. BROKE TRADE RULES IN AKZO-DUPONT ROW
The European Community Commission has charged the United States with breaking international trade rules by excluding Dutch-made fibres from the U.S. Market and said it would take the issue to the world trade body GATT. In the latest of a series of trade disputes with Washington, the executive authority ...
Financial Reports
U.S. AGENCY TO ALLOW U.S. AIR TO BUY 51 PCT OF PIEDMONT PENDING FINAL OKAY OF MERGER
U.S. AGENCY TO ALLOW U.S. AIR TO BUY 51 PCT OF PIEDMONT PENDING FINAL OKAY OF MERGER
Commodities and Trade
FINAL TEST INC <FNLT> 4TH QTR LOSS
Shr loss six cts vs loss 88 cts Net loss 128,141 vs loss 1,298,377 Sales 1,332,218 vs 385,146 Year Shr profit six cts vs loss 1.47 dlrs Net profit 120,571 vs loss 2,171,011 Sales 4,617,034 vs 2,959,141
Corporate News
HOUSTON METALS' MINE YIELDS POSITIVE RESULTS
<Houston Metals Corp> said the the first phase of the underground rehabilitation, extensive drilling and bulk sampling program at its Silver Queen Mine has yielded positive results. Houston said representative assays from the 2,750 ft and 2,600 ft levels at the south end of the mine established ore ...
Financial Reports
MICHIGAN NATIONAL CORP <MNCO> VOTES DIVIDEND
Qtly div 30 cts vs 30 cts prior qtr Pay 15 April Record 1 April
Corporate News
CPL REIT <CNTRS> 4TH QTR NET
Shr 24 cts Net 412,737 Revs 605,321 Year Shr 93 cts Net 1,577,892 Revs 2,345,261 NOTE: Full name CPL Real Estate Investment Trust. Company was formed Dec 30, 1985.
Financial Reports
AUTOCLAVE ENGINEERS INC <ACLV> QTLY DIVIDEND
Qtly div four cts vs four cts prior Pay April 15 Record March 31 .
Commodities and Trade
WASTE MANAGEMENT AMENDS CHEMLAWN OFFER, RAISING IT TO 35 DLRS A SHARE FROM 33 DLRS
WASTE MANAGEMENT AMENDS CHEMLAWN OFFER, RAISING IT TO 35 DLRS A SHARE FROM 33 DLRS
Other
AMERICAN MOTORS SAID DIRECTORS TOOK NO ACTION ON CHRYSLER PROPOSAL, POSTPONES ANNUAL MEETING
AMERICAN MOTORS SAID DIRECTORS TOOK NO ACTION ON CHRYSLER PROPOSAL, POSTPONES ANNUAL MEETING
Corporate News
WASTE MANAGEMENT<WMX> HIKES CHEMLAWN <CHEM> BID
Waste Management Inc said it amended its offer to buy the outstanding shares of ChemLawn Corp to 35 dlrs a share. On Thursday the company said it was prepared to bid 33 dlrs a share, up from its original 27 dlrs a share offer. As a result of the price increase, made through Waste Management's whol...
Financial Reports
ENTEX ENERGY DEVELOPMENT LTD <EED> YEAR LOSS
Unit loss 4.36 dlrs vs loss 4.27 dlrs Net loss 37.4 mln vs 32.9 mln Revs 19.3 mln vs 30.3 mln Avg units 8,413,000 vs 7,557,000 Note: Net includes writedown of oil and gas properties of 21.0 ln dlrs vs 16.5 mln dlrs and writedown of geothermal property of 10.4 mln dlrs vs 10.5 mln dlrs. ...
Commodities and Trade
U.S. SAYS USAIR <U> MAY BUY 51 PCT OF PIEDMONT
The Department of Transportation said it will allow USAIR Group to acquire up to 51 pct of Piedmont Aviation <PIE> voting stocks pending final approval of the proposed merger of the two airlines. The agency said the stock would have to be held in a voting trust controlled by an independent trustee. ...
Corporate News
USDA NOT PLANNING ANY MAJOR PRICING CHANGES
The Agriculture Department is not considering any major changes in its pricing system for posted county prices, an Agriculture Department offical said. "We do not have current plans to make any major adjustments or changes in our pricing," said Bob Sindt, USDA assistant deputy administrator for commodit...
Corporate News
AFFILIATED PUBLICATIONS TO BUY BILLBOARD PUBLICATIONS FOR 100 MLN DLRS
AFFILIATED PUBLICATIONS TO BUY BILLBOARD PUBLICATIONS FOR 100 MLN DLRS
Corporate News
AMC <AMO> TAKES NO ACTION ON CHRYSLER <C> BID
American Motors Corp said its directors reviewed a Chrysler Corp merger proposal but took no action on it. The company said its directors met in New York today at a regularly scheduled meeting. The board's review is continuing with the company's independent legal and financial advisers, American Motor...
Other
NESTLE SEEKING AUTHORISATION FOR CERTIFICATE ISSUE
Nestle SA <NESZ.Z> said it would seek shareholder approval to issue participation certificates up to 20 pct of share capital, instead of the current limit of 10 pct. It said it wanted this authorisation in view of future certificate issues. Nestle's nominal capital amounts to 330 mln Swiss francs. ...
Financial Reports
NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
Financial Reports
REPUBLIC AUTOMOTIVE PARTS <RAUT> 4TH QTR LOSS
Shr loss 85 cts vs loss 88 cts Net loss 2,410,000 vs loss 2,466,0000 Revs 24.0 mln vs 23.9 mln Year Shr loss 1.18 dlrs vs loss 81 cts Net loss 3,338,000 vs loss 2,275,000 Revs 101.4 mln vs 112.3 mln
Other
GATT TO DEBATE U.S. CHARGES OF AIRBUS SUBSIDIES
The U.S. Will pursue its complaint that European governments unfairly subsidise the Airbus Industrie aircraft consortium in proceedings at the GATT civil aircraft committee, a GATT spokesman said today. The U.S. Presented its case for the first time to the aircraft committee of the General Agreement on ...
Financial Reports
LEADING ECONOMISTS CALL FOR MORE GROWTH ABROAD
A panel of four leading economists told a congressional hearing today that foreign economies will need to expand to avoid recession as the U.S. trade deficit declines. C. Fred Bergsten, a former senior Treasury Department official, and Robert Solomon of the Brookings Institution told the Senate Foreig...
Financial Reports
MONFORT OF COLORADO INC 2ND QTR SHR 1.03 DLRS VS 1.34 DLRS
MONFORT OF COLORADO INC 2ND QTR SHR 1.03 DLRS VS 1.34 DLRS
Financial Reports
CANADIAN MONEY SUPPLY M-1 FALLS 1.16 BILLION DLRS IN WEEK, BANK OF CANADA SAID
CANADIAN MONEY SUPPLY M-1 FALLS 1.16 BILLION DLRS IN WEEK, BANK OF CANADA SAID
Corporate News
NO FORCE MAJEURE ON LEAD FROM CAPPER PASS
U.K. Smelter Capper Pass denied rumours that the company had declared, or was about to declare, force majeure on lead deliveries. This followed trader talk on the London Metal Exchange, LME, after broker bids were made at increased premiums for Capper Pass brand material. Traders said some slight ...
Financial Reports
REALMERICA CO <RACO> YEAR NOV 30 NET
Shr profit four cts vs loss 16 cts Net profit 155,383 vs loss 577,336 Note: Net includes tax credit of 51,226 dlrs or one ct per share.
Commodities and Trade
AFFILIATED PUBLICATIONS <AFP> TO BUY BILLBOARD
Affiliated Publications Inc said it agreed to acquire all the outstanding stock of <Billboard Publications Inc> for 100 mln dlrs in cash from a shareholder group led by <Boston Ventures Limited Partnership.> Affiliated, which owns the company that publishes the Boston Globe, said the acquisition w...
Commodities and Trade
FIRM HAS ALLEGHENY INT'L <AG> PREFERRED STAKE
Spear, Leeds and Kellogg, a New York brokerage partnership, said it has acquired 136,300 shares of Allegheny International Inc's 11.25 dlr convertible preferred stock, or 7.1 pct of the total outstanding. In a filing with the Securities and Exchange Commission, Spear Leeds said it bought the stake for 1...
Other
WTD INDUSTRIES <WTDI> SAWMILL OFFER REJECTED
WTD Industries Inc said its offer to buy the bankrupt Harris Pine sawmill in Pendleton, Oregon was rejected by the bankruptcy court trustee. The company said the bid was rjected in favor of a higher offer.
Other
CELINA <CELNA> SHAREHOLDERS APPROVE SALE
Celina Financial Corp said shareholders at a special meeting approved a transaction in which the company transferred its interest in three insurance companies to a wholly owned subsidiary which then sold the three companies to an affiliated subsidiary. It said the company's interests in West Virginia Fi...
Financial Reports
GROUP HAS 5.1 PCT OF UNICORP AMERICAN <UAC>
Two affiliated New York investment firms and an investment advisor told the Securities and Exchange Commission they have acquired 555,057 shares of Unicorp American Corp, or 5.1 pct of the total outstanding. The group, which includes Mutual Shares Corp, said it bought the stake for 5.3 mln dlrs for inve...
Other
CANADIAN MONEY SUPPLY FALLS IN WEEK
Canadian narrowly-defined money supply M-1 fell 1.16 billion dlrs to 32.94 billion dlrs in week ended March 11, Bank of Canada said. M-1-A, which is M-1 plus daily interest chequable and non-personal deposits, fell 1.31 billion dlrs to 75.39 billion dlrs and M-2, which is M-1-A plus other notice and per...
Corporate News
REVLON BUYS GERMAINE MONTEIL COSMETICS FROM BEECHAM GROUP FOR UNDISCLOSED TERMS
REVLON BUYS GERMAINE MONTEIL COSMETICS FROM BEECHAM GROUP FOR UNDISCLOSED TERMS
Other
REVLON <REV> BUYS BEECHAM'S COMSMETICS UNIT
Revlon Group Inc said it bought Germaine Monteil's cosmetics business in the U.S. from the Beecham Group PLC. Terms of the sale were not disclosed. The sale includes the rights to Germaine Monteil in North and South America and in the Far East, as well as the worldwide rights to the Diane von Furs...
Financial Reports
MONFORT OF COLORADO INC <MNFT> 2ND QTR NET
Qtr ended Feb 28 Shr 1.03 dlrs vs 1.34 dlrs Net 4,385,000 vs 5,792,000 Revs 474.4 mln vs 381.4 mln Six mths Shr 2.46 dlrs vs 2.71 dlrs Net 10.5 mln vs 11.7 mln Revs 906.0 mln vs 757.6 mln
Financial Reports
GEODOME RESOURCES <GOEDF> TO PROCEED WITH MINE
Geodome Resources Ltd said based on a feasibility study of its Sunbeam Mine it will proceed with contruction and pre-production stripping as rapidly as possible. The company said eight of nine holes drilled on the new ore zone have an average grade of 0.046 ounces of gold per ton and 2.1 ounces of sil...
Corporate News
MARK IV CORRECTS AGREEMENT WITH BAIRD <BATM>
Mark IV Industries Inc <IV>, which has said it may consider a bid to seek control of Baird Corp, said Baird has not agreed to hold off on any defensive measures without giving Mark IV at least 24 hours notice. In a filing with the Securities and Exchange Commission, Mark IV corrected a statement it m...
Corporate News
GENERALE DE BANQUE, HELLER BUY FACTORING UNIT
Generale de Banque SA <GENB.BR> and <Heller Overseas Corp> of Chicago have each taken 50 pct stakes in factoring company SA Belgo-Factors, Generale de Banque said in a statement. It gave no financial details of the transaction. SA Belgo-Factors' turnover in 1986 was 17.5 billion Belgian francs. ...
Other
<OSHAWA GROUP LTD> 4TH QTR NET
Shr 52 cts vs 51 cts Net 16.5 mln vs 16.2 mln Revs 870.2 mln vs 800.7 mln Year Shr 1.48 dlrs vs 1.29 dlrs Net 47.3 mln vs 41.0 mln Revs 3.53 billion vs 3.10 billion Avg shrs 31,867,658 vs 31,831,050
Corporate News
PAN AM CORP 4TH QTR LOSS 197.5 MLN DLRS VS PROFIT 241.4 MLN DLRS
PAN AM CORP 4TH QTR LOSS 197.5 MLN DLRS VS PROFIT 241.4 MLN DLRS
Other
S-K-I LTD <SKII> 2ND QTR JAN 25 NET
Shr 81 cts vs 57 cts Net 3,660,273 vs 2,437,914 Revs 28.5 mln vs 23.1 mln Six mths Shr 29 cts vs 12 cts Net 1,325,755 vs 483,559 Revs 31.7 mln vs 26.4 mln
Corporate News
VIRCO MANUFACTURING CORP <VIR> 4TH QTR NET
Qtr ended Jan 31 Shr 67 cts vs 69 cts Net 1,525,000 vs 1,570,000 Revs 41.2 mln vs 40.2 mln Year Shr 1.75 dlrs vs 1.54 dlrs Net 4,001,000 vs 3,522,000 Revs 172.3 mln vs 168.7 mln Note: figures include losses from discontinued operations in qtr of 309,000 dlrs, vs 253,0...
Corporate News
COOPER <CBE> ASKS FTC TO END ACQUISITION LIMITS
Cooper Industries Inc asked the Federal Trade Commission to vacate a 1979 order that requires the company to get FTC approval before making certain acquisitions, the FTC said. The order was issued as part of a settlement of FTC charges that Cooper's merger with Gardner-Denver Co would lessen competion...
Corporate News
THOMPSON MEDICAL CO INC <TM> DECLARES QTLY DIV
Qtly div 10 cts vs 10 cts prior Pay April 15 Record March 30
Financial Reports
NEW ENGLAND ELECTRIC SYSTEM <NES> TWO MONTHS NET
ended February Shr 69 cts vs 66 cts Net 37.7 mln vs 34.9 mln Revs 255.8 mln vs 288.8 mln Avg shrs 54.7 mln vs 53.2 mln 12 mths ended Feb Shr 3.23 dlrs vs 3.17 dlrs Net 174.8 mln vs 166.3 mln Revs 1.4 billion vs 1.5 billion Avg shrs 54.1 mln vs 52.4 mln
Commodities and Trade
DILLARD DEPT STORES INC <DDS> DECLARES QTLY DIV
Qtly div three cts vs three cts prior Pay May 1 Record March 31
Financial Reports
PAN AM CORP <PN> 4TH QTR LOSS
Shr loss 1.44 dlrs vs profit 1.79 dlrs Net loss 197.5 mln dlrs vs profit 241.4 mln Revs 797.3 mln vs 906.7 mln 12 mths Shr loss 3.42 dlrs vs profit 45 cts Net loss 462.8 mln vs profit 51.8 mln Revs 3.04 billion vs 3.48 billion Note: Net includes special charges of 65 mln dlrs...
Financial Reports
FTC EASES ALLIED-SIGNAL <ALD> UNIT RESTRICTIONS
The Federal Trade Commission said it eased a requirement that Allied-Signal Inc's Allied Corp subsidiary get prior FTC approval before making certain acquisitions in the high-purity acid market. The FTC said it ended the prior approval requirement because Allied no longer has businesses covered by the o...
Financial Reports
SAN JUAN BASIN ROYALTY <SJT> HIKES DISTRIBUTION
Cash distribution 4.2621 cts vs 3.2384 cts prior Pay April 14 Record March 31 NOTE: Company's full name is San Juan Basin Royalty Trust.
Financial Reports
SHL SYSTEMHOUSE INC <SHKIF> 2ND QTR FEB 28 NET
Shr 23 cts vs nine cts Net 5,700,000 vs 1,920,000 Revs 35.5 mln vs 19.8 mln 1st half Shr 41 cts vs 17 cts Net 10.0 mln vs 3,100,000 Revs 69.3 mln vs 36.7 mln NOTE: Share adjusted for two-for-one stock split approved in December 1986. Net includes tax credits of 2,970,...
Other
U.K. LEAD AND ZINC OFFTAKE RISES IN JANUARY
U.K. Consumption of lead and zinc in all forms during January rose to 26,314 and 18,778 tonnes, from 24,967 and 17,929 tonnes respectively in December, latest figures by the World Bureau of Metal Statistics (WBMS) show. Refined lead consumption rose to 23,992 tonnes from 23,194, while scrap offtake was ...
Other
PHOTRONIC LABS INC <PLAB> 1ST QTR JAN 31 NET
Shr 10 cts vs seven cts Net 249,143 vs 175,476 Sales 3,034,010 vs 2,745,288
Corporate News
PERMIAN BASIN ROYALTY <PBT> HIKES DISTRIBUTION
Cash distribution 3.9737 cts vs 3.0577 cts Pay April 14 Record March 31 NOTE: Trust's full name is Permian Basin Royalty Trust.
Other
UNIVERSAL RESOURCES <UVR>HOLDERS APPROVE MERGER
Universal Resources Corp said its shareholders approved the merger of the company with Questar Corp <STR>. Separately, Universal said it will redeem its 15.75 pct debentures due December 15, 1996, on April 19, at 104.8 pct of face amount plus accrued interest. Universal said it will operate as ...
Other
ENDOTRONICS <ENDO> HALTED PENDING NEWS RELEASE
Endotronics Inc, halted at 1-3/4 on NASDAQ pending release of a news report, on Monday said it was expecting "substantial losses" for the quarter ending March 31, 1987 and the fiscal year ending Sept 30, 1987. The company had cited a dispute over payment by Yamaha Inc, one of its Japanese distributors, ...
Other
TEXAS INSTRUMENTS INC <TXN> SETS QUARTERLY
Qtly div 50 cts vs 50 cts prior Pay April 20 Record March 31
Commodities and Trade
SOUTHEAST BANKING CORP <STB> DECLARES QTLY DIV
Qtly div 22 cts vs 22 cts prior Pay April 10 Record March 30
Financial Reports
FTC URGES VETO OF GEORGIA GASOLINE STATION BILL
The Federal Trade Commission said its staff has urged the governor of Georgia to veto a bill that would prohibit petroleum refiners from owning and operating retail gasoline stations. The proposed legislation is aimed at preventing large oil refiners and marketers from using predatory or monopolistic ...
Other
ARMSTRONG WORLD <ACK> UNIT BUYS PLANT
Armstrong World Industries Inc said its Gilliam Furniture affiliate has purchased a 130,000 square foot building in Troutman, N.C., for undisclosed terms. It said the new plant is expected to be in operation before year-end and and will more than double Gilliam's production capacity for upholstered fu...
Financial Reports
HUDSON'S BAY CO YEAR OPER SHR PROFIT 32 CTS VS LOSS 1.23 DLRS
HUDSON'S BAY CO YEAR OPER SHR PROFIT 32 CTS VS LOSS 1.23 DLRS
Commodities and Trade
COOK UNITED INC EXPECTS LOSS OF 16 MLN DLRS FOR FISCAL 1987
COOK UNITED INC EXPECTS LOSS OF 16 MLN DLRS FOR FISCAL 1987
Market and Economy
HUDSON'S BAY CO HAD 1986 WRITEDOWN OF 40.4 MLN DLRS MAINLY ON STAKE IN DOME PETROLEUM
HUDSON'S BAY CO HAD 1986 WRITEDOWN OF 40.4 MLN DLRS MAINLY ON STAKE IN DOME PETROLEUM
Market and Economy
U.N. Conference formally adopts new International Natural Rubber Agreement - chairman
U.N. Conference formally adopts new International Natural Rubber Agreement - chairman
Corporate News
YORK FINANCIAL CORP <YFED> DECLARES QTLY DIV
Qtly div 17 cts vs 17 cts prior Pay May five Record April 20
Other
COOK UNITED INC IN TALKS TO SELL STAKE TO PRIVATE INVESTORS
COOK UNITED INC IN TALKS TO SELL STAKE TO PRIVATE INVESTORS
Financial Reports
COMBINED INT'L <PMA> RAISES PAYOUT, VOTES SPLIT
Combined International Corp said its board voted to increase the quarterly dividend 7.1 pct to 60 cts a share from 56 cts payable May 26, record May 12. It said directors also approved a two-for-one stock split, subject to approval by shareholders of a proposed capital stock amendment at the annual mee...
Commodities and Trade
AMERICAN CABLESYSTEMS <ACN> TO BUY CABLE SYSTEM
American Cablesystems Corp said it agreed in principal to buy a cable television system in Los Angeles County from Heritage Communications Inc <HCI> for 15.5 mln dlrs. The company said the system being purchased serves about 12,000 subscribers in the towns of Compton, South El Monte, Hawaiian Garde...
Other
YORK FINANCIAL <YFED> SPLITS STOCK
York Financial Corp, parent company of York Federal Savings and Loan Association, said its board of directors declared a five-for-four stock split in the form of a 25 pct stock dividend. The company said it will distribute the split on May 5, to shareholders of record April 20.
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CHEMLAWN <CHEM> HAS NO COMMENT ON NEW OFFER
ChemLawn Corp said it had no comment on a sweetened offer from Waste Management Inc <WMX>. Waste Management amended its 27 dlr per share tender offer, raising it to 35 dlrs per share. ChemLawn had rejected Waste Management's earlier 27 dlr per share offer, saying it was an undervalued bid. ChemLa...
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