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ESSO SAF <ESSF.PA> YEAR ENDED DEC 31 1986
| Net profit 305 mln francs vs 258 mln.
Net dividend 25 francs vs 20 francs.
Operating loss 696 mln francs vs 1.46 billion.
Note - The company, which is the French subsidiary of Exxon
Corp. <XON.N>, said its net profit result included the
reintegration of 1.2 billion francs of provisions for ex... | Corporate News |
FERRO CORP <FOE> SETS JOINT VENTURE
| Ferro Corp said it has formed a
joint venture with Paris-based Alsthom Inudstrial Group to
export U.S. epxertise in specialty composite materials to the
European market.
Ferro said although the airframe and aerospace industries
are the prime users of composite materials today, it plans to
develop appl... | Corporate News |
PAN AM'S <PN> MAIN UNIT TO REPORT SMALLER LOSS
| Pan Am Corp said its largest division,
the Atlantic, will report a first quarter loss that will be
substantially lower than that reported a year ago.
In the 1986 1st qtr, Pan Am reported a net loss of 118.4
mln dlrs, which included foreign exchange losses of 19.3 mln.
The company did not say how much th... | Financial Reports |
COOK <CCF> TO POST LOSS, SELL STAKE
| Cook United INc said it expects
to report a loss a loss of 16 mln dlrs, before an extraordinary
credit of 44 mln dlrs resulting from its Chapter 11
reorganization, on sales of 217 mln dlrs for the year ended
January 31, 1987.
For 1986, Cook reported a loss of 30.8 mln dlrs on sales of
257 mln dlrs for... | Other |
ENDOTRONICS <ENDO> TARGET OF INVESTIGATION
| Endotronics Inc said it is the
target of a formal private investigation by the Securities and
Exchange Commission as well as the Federal Bureau of
Investigation.
The company also said its independent accounts, Peat,
Marwick, Mitchell and Co, served notice that its report on
Endotronics' financial stat... | Market and Economy |
UN CONFERENCE FORMALLY ADOPTS NEW RUBBER PACT
| A new International Natural Rubber
Agreement, INRA, was formally adopted by a United Nations
Conference today.
The new accord is due to replace the current one, which
expires in October.
Conference chairman Manaspas Xuto of Thailand said the
formal adoption represented "a historic moment."
T... | Corporate News |
ADVANCED INSTITUTIONAL <AIMS> CUTS WORKFORCE
| Advanced Institutional Management
Software Inc said it has cut its workforce to 53 from 74 and
closed its Atlanta office to cut expenses and improve
profitability.
The company said it is also in the process of reducing its
office space in four of its six offices nationwide.
Advanced also said it h... | Corporate News |
SUN STATE SAVINGS <SSSL> SEES HIGHER EARINGS
| Sun State Savings and Loan
expects to report an earnings increase this year over 1986,
Chairman Edward Janos told shareholders at the company's annual
meeting.
In a statement, Janos said core earnings are expected to
average 1.5 mln dlrs per quarter, or six mln dlrs for the year,
while sales of real e... | Corporate News |
ATT <T> CHAIRMAN SAYS DIVIDEND WILL NOT BE CUT
| American Telephone and Telegraph Co does
not plan to reduce its regular quarterly dividend of 30 cts a
share on its common stock, said James E. Olson, chairman.
"It has been the intent to set the dividend at a level so
that it could be sustained through the ups and downs of the
business cycle," Olson to... | Corporate News |
MAJOR TIN CENTERS PARALYSED BOLIVIA UNION SAYS
| A strike by 9,000 miners employed by the
state corporation Comibol has paralysed tin production in the
major centers of Huanuni, Corocoro, Siglo, Catavi and Colquiri,
the Conflicts Secretary of the Bolivian Miners Federation,
Cristobal Aranibar, told Reuters.
The strike began at midnight to press deman... | Financial Reports |
ECHLIN INC 2ND QTR SHR 24 CTS VS 20 CTS
|
ECHLIN INC 2ND QTR SHR 24 CTS VS 20 CTS
| Commodities and Trade |
ALLIED-LYONS SEES HIRAM WALKER PROFITS RISING
| <Allied-Lyons PLC> sees rising profits
from 51-pct-owned liquor producer Hiram Walker-Gooderham and
Worts in the current fiscal year ending in early March, 1988,
chairman Derrick Holden-Brown said in a speech prepared for
delivery to Toronto analysts.
"We anticipate that Hiram Walker profits will be ... | Corporate News |
ECHLIN INC <ECH> 2ND QTR FEB 28 NET
| Shr 24 cts vs 20 cts
Net 11,784,000 vs 8,302,000
Rev 269.1 mln vs 211.9 mln
Six months
Shr 48 cts vs 40 cts
Net 23,191,000 vs 16,556,000
Rev 517.5 mln vs 429.3 mln
| Corporate News |
AMERICAN CAN SEES HIGHER 1ST QTR, YR NET
|
AMERICAN CAN SEES HIGHER 1ST QTR, YR NET
| Financial Reports |
<HUDSON'S BAY CO> 4TH QTR NET
| ended January 31
Oper shr profit 3.98 dlrs vs profit 4.35 dlrs
Oper net profit 123.6 mln vs profit 108.3 mln
Revs 1.88 billion vs 1.76 billion
Year
Oper shr profit 32 cts vs loss 1.23 dlrs
Oper net profit 33.0 mln vs loss 9,055,000
Revs 5.69 billion vs 5.27 billion
Note... | Corporate News |
<GENDIS INC> 4TH QTR JAN 31 NET
| Shr 53 cts vs 61 cts
Net 9,909,000 vs 11,489,000
Revs 185.9 mln vs 161.5 mln
Year
Shr 1.20 dlrs vs 1.37 dlrs
Net 22,522,000 vs 25,667,000
Revs 588.5 mln vs 521.7 mln
| Corporate News |
<BIFLYX> 2ND QTR DEC 31 NET
| Shr nil vs nil
Net profit 24,000 vs loss 66,000
Revs 235,000 vs 93,000
Six mths
Shr nil vs nil
Net profit 40,000 vs loss 153,000
Revs 394,000 vs 99,000
| Commodities and Trade |
IBC PRESIDENT LEAVES FOR PRODUCER MEETING - IBC
| Jorio Dauster, president of the
Brazilian Coffee Institute, IBC, left Brazil early today to
attend a weekend meeting of Latin American coffee producers in
Managua, an IBC official said.
Carlos Brasil, an adviser to the IBC president, said
Dauster had left Rio de Janeiro for Managua early this morning.
... | Financial Reports |
MOUNTAIN VIEW ACQUIRES MARATECH COMMUNICATIONS
| (Mountain View Investment
Corp), Phoenix, Ariz., said it acquired Maratech Communications
Cos Inc.
Under terms of the transaction, the present directors of
Mountain View have resigned and have elected directors of
Maratech as new directors of Mountain View.
It said a combined shareholders' meeting... | Financial Reports |
AMERICAN CAN <AC> SEES HIGHER YEAR NET
| American Can Co chairman Gerald Tsai
said the company will record higher earnings in the first
quarter and for the full year.
Addressing analysts, Tsai said "First quarter results have
been extremely encouraging and results for all of 1987 will
show significant improvement over 1986."
American Can... | Market and Economy |
CENTRAL BANKING SYSTEM INC <CSYS> QTLY DIVIDEND
| Qtly div ten cts vs ten cts
Pay April 15
Record April 1
| Other |
CHARTER-CRELLIN <CRTR> TO ACQUIRE SEBRO PLASTICS
| Charter-Crellin Inc said it signed a
letter of intent to acquire all outstanding shares of <Sebro
Plastics Inc's> capital stock.
Charter-Crellin, a molded plastic product maker, said Sebro
is a precision molder of engineered specialty plastic products
for the automotive industry.
The company sa... | Market and Economy |
NEW YORK STATE ELECTRIC <NGE> ENDS ACQUISITION
| New York State Electric and
Gas Corp said it has terminated its effort to acquire Corning
Natural Gas Corp.
It cited as reasons the uncertain regulatory climate in New
York State and the depresed price of New York State Electric
stock which has been caused by the delay in the Nine Mile Point
Unit Two ... | Financial Reports |
BLACK HAWK MINING CAN'T EXPLAIN STOCK RISE
| <Black Hawk Mining Inc> said it knows
of "no major activities" to account for the recent rise in the
company's stock price.
The shares rose 11 cts to 88 cts on the Toronto Stock
Exchange yesterday.
The company added that its application for its proposed
acquisition of <Platinova Resources Lt... | Corporate News |
SENATOR WANTS STRONGER AIR MERGER REGULATION
| The chairman of the Senate antitrust
subcommittee said the Transportation Department was allowing
too many airline mergers and proposed its authority be
transfered to the Justice Department.
"The Transportation Department's antitrust enforcement has
been disastrous, permitting rampant merger mania," Ohi... | Market and Economy |
GPU <GPU> SEES TMI-2 FUEL PROBLEMS RESOLVED
| General Public Utilities Corp
said the water-clarity problem delaying the removal of fuel
from the damaged Unit Two of the Three Mile Island nuclear
power plant appears to have been resolved.
The company said the slower than expected removal of the
fuel, which has been primarily due to the water-clarity... | Commodities and Trade |
ECHLIN<ECH> EXPECTS CONTINUED PROFIT GROWTH
| Echlin Inc said it expects
further earnings increases for the second half of fiscal 1987
ending in August due to unit sales growth and improved
operations.
"As expected, market conditions have improved so that
demand for automotive replacement parts is gradually and
steadily expanding," Echlin preside... | Commodities and Trade |
ATT <T> COST-CUTTING EFFORTS ON TARGET
| American Telephone and Telegraph Co
chairman James E. Olson said he is very pleased with the
company's efforts so far to cut costs.
He told a meeting of securities analysts that, although the
company is not yet at point in its cost-cutting drive to
improve profit margins, it is "on the right track."
... | Financial Reports |
HUDSON'S BAY WRITEOFF MAINLY DUE TO DOME STAKE
| <Hudson's Bay Co> said a writeoff of
40.4 mln dlrs, or 1.39 dlrs per share, that it took in 1986 was
mainly due to its investment in Dome Petroleum Ltd <DMP>.
The company reported an operating profit of 33.0 mln dlrs,
or 32 cts per share, for fiscal 1986, compared to an operating
loss of 9,055,00... | Other |
JAPAN OPENS HOME MARKET TO U.S. FISH
| Japan has agreed to drop barriers to
American-caught herring and pollock, opening the way for
shipments that could reach 300 mln dlrs annually, U.S. Trade
Representative Clayton Yeutter announced.
Yeutter said the accord was reached after extensive
bilateral negotiations that ended earlier today in Toky... | Corporate News |
NYMEX RULE CHANGE SEEN BOOSTING ENERGY TRADE
| The New York Mercantile Exchange said
it will introduce exchanges for physicals (EFPS) to its energy
futures markets April one.
An exchange spokeswoman said the change will allow oil
traders that do not hold a futures position to initiate, after
the exchange closes, a transaction that can subsequently b... | Corporate News |
FIRST FINANCIAL <FFMC> ACQUIRES TEL-A-DATA
| First Financial Management Corp said it
acquired the data processing contracts and certain related
assets of Tel-A-Data L.P. for about 5.7 mln dlrs cash plus the
assumption of certain liabilities of about 2.5 mln dlrs.
Tel-A-Data serves about 50 bank and thrift institutions
through a processing center i... | Corporate News |
MCM CORP <MCMC> SETS QUARTERLY
| Qtly div six cts vs six cts prior
Pay April 10
Record March 31
| Corporate News |
THACKERAY CORP <THK> YEAR LOSS
| Oper shr loss 22 cts vs loss 20 cts
Oper net profit 1,013,000 vs profit
2,219,000
Sales 77.0 mln vs 74.0 mln
Avg shrs 5,107,401 vs 5,361,793
| Corporate News |
CONCERN OVER "EL NINO" IN PERU - USDA REPORT
| There are heightened fears that "El
Nino" may be returning to Peru with an intensity approaching the
1983 disaster, which affected the weather on several continents
and caused widespread damage through floods and drought, the
U.S. Agriculture Department's officer in Lima said in a field
report.
Contin... | Financial Reports |
ALLIED-LYONS SEES SUBSTANTIAL SECOND HALF GROWTH
| <Allied-Lyons PLC> will report
substantial growth in the second half of fiscal 1987 ended
March 7, chairman Derrick Holden-Brown said in answer to
reporters' queries.
"You will certainly see substantial growth in Allied-Lyons
in the second half," Holden-Brown said following a presentation
to Toront... | Corporate News |
U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1 102,618,000 GALLONS VS 97,111,000 YEAR AGO
|
U.S. FROZEN ORANGE JUICE STOCKS - MARCH 1 102,618,000 GALLONS VS 97,111,000 YEAR AGO
| Financial Reports |
U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO.
|
U.S. COLD STORAGE STOCKS - MARCH 1 FROZEN PORK BELLIES - LBS - 34,471,000, VS A REVISED 34,900,000 ON FEB 1 AND 51,218,000 A YEAR AGO.
| Corporate News |
<DRYCLEAN USA> YEAR NET
| Shr 82 cts vs 63 cts
Net 1,661,000 vs 1,251,000
Revs 14.8 mln vs 11.6 mln
| Financial Reports |
COLD STORAGE REPORT FOR BELLIES NEUTRAL/NEGATIVE
| Chicago Mercantile Exchange floor
traders' immediate reaction to the cold storage report for pork
bellies was neutral to slightly negative.
Frozen pork belly stocks at 34.5 mln lbs on March 1
compared with a revised 34.9 mln lbs on February 1 for a net
out movement of 0.5 mln lbs.
The number on ha... | Industrial and Sector News |
BALLY <BLY> SEEN SELLING OFF HEALTH UNIT
| Bally Manufacturing Corp's proposed
public offering of 24 pct of its Health and Tennis Corp unit is
seen as the first step towards the sale of the entire unit,
analysts said.
"In the longer-term horizon, Bally wants to concentrate on
its gaming businesses," said analyst Dennis Forst of Seidler
Amdec S... | Corporate News |
COMMERCIAL CREDIT <CCC> UNIT SELLS DIVISION
| Commercial Credit Co said its
American Health and Life Insurance Co sold its ordinary life
insurance business to American National Insurance Co <ANAT>.
American National will assume the business no later than
August 31, 1987, Commercial Credit said.
The sale is part of a restructuring program beg... | Corporate News |
U.S. REFINERY COPPER STOCKS FALL IN JANUARY
| Refined copper stocks held by U.S.
refineries fell to 109,200 short tons at the end of January
from 145,400 short tons at the end of December, the American
Bureau of Metal Statistics reported.
Commodity Exchange (Comex) copper stocks climbed to 103,000
tons in January from 93,300 tons in December. Combi... | Market and Economy |
DELTA SAYS COURT ORDER WILL NOT DELAY MERGER
| Delta Air Lines <DAL> said a court
order requiring Western Air Lines <WAL> to arbitrate with two
of its unions will not delay the April 1 merger between the two
airlines.
The order, which was issued by the Ninth Circuit Court of
Appeals, requires Western to discuss with its two unions
whether We... | Corporate News |
ANALYST SAYS USSR WINTER GRAINS HURT BY WEATHER
| The Soviet Union's winter grain
crop is likely to have suffered losses due to dry planting
conditions last fall and severe cold this winter, an analyst of
world weather and crop conditions said.
Grain analyst and meteorologist Gail Martell, author of the
EF Hutton publication "Global Crop News," said in... | Corporate News |
INTEGRATED GENERICS <IGN> MAY SELL 10 PCT OF UNIT
| Integrated Generics Inc said it
is discussing with an unnamed pharmaceutical distributor the
sale of 10 pct of its A.N.D.A. Development Corp subsidiary for
200,000 dlrs.
Integrated said its subsidiary, Biopharmaceutics, is
negotiating with the same unnamed distributor to sell it five
prescription drug... | Corporate News |
MEXICO'S RESERVES REACH EIGHT BILLION DLRS
| Additional capital inflows of 1.5
billion dlrs so far this year have boosted Mexico's reserves to
about eight billion dlrs, director of public credit Angel
Gurria told reporters.
Money has been coming back to Mexico because of improved
investor confidence and because a tight monetray policy has
forced... | Other |
NAVISTAR <NAV> UP ON HIGHER EARNINGS OPINION
| Navistar International Corp's stock
rose after brokerage house Sanford C. Bernstein and Co raised
its earnings estimate of the company based on expectations of
better truck orders and truck tonnage, traders said.
Navistar led the active list with a gain of 1/4 to 7-1/4 on
volume of 4.2 mln shares.
... | Market and Economy |
ICN PHARMACEUTICALS <ICN> SEEKING ACQUISITION
| ICN Pharmaceuticals Inc has
about 500 mln dlrs in cash and another 1.50 billion dlrs in
available credit, which it intends to use to buy a
pharmaceutical company, Chairman Milan Panic said.
At the company's annual meeting, he said an acquisition
could take place in the next 24 months.
"The compan... | Other |
JUSTIN INDUSTRIES INC <JSTN> SETS DIVIDEND
| Qtly div 10 cts vs 10 cts prior
Pay April 10
Record March 27
| Corporate News |
U.S. EXPORTERS REPORT 150,000 TONNES CORN CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
|
U.S. EXPORTERS REPORT 150,000 TONNES CORN CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87
| Commodities and Trade |
SCHOLASTIC INC <SCHL> 3RD QTR FEB 28 NET
| Shr 1.55 dlrs vs 70 cts
Net 3,409,000 vs 1,455,000
Rev 54.1 mln vs 45.3 mln
Nine months
Shr 1.60 dlrs vs 10 cts
Net 3,517,000 vs 211,000
Rev 144.4 mln vs 127.0 mln
NOTE: Qtr net includes extraordinary gain of 1.2 mln dlrs,
versus 155,000 dlrs for fiscal 1986's third quarter... | Corporate News |
KLEINWORT BENSON <KBA> UNIT SETS FIRST DIVIDEND
| Kleinwort Benson International
Investment Ltd's subsidiary, Kleinwort Benson Australian Income
Fund, a closed end management investment company, declared its
first quarterly dividend of 36.5 cts payable April 16 to
shareholders of record April 1.
| Commodities and Trade |
G-10 FINANCE OFFICIALS DISCUSS DEBT, CURRENCIES
| Deputy Finance Ministers from the Group
of 10 leading western industrialised countries met here to
discuss the world debt crisis, trade imbalances and currency
stability today following last month's Paris monetary accord,
sources close to the talks said.
The officials met at the offices of the Internati... | Financial Reports |
CCC GUARANTEES TO TURKEY SWITCHED TO MEALS-USDA
| The Commodity Credit Corporation,
CCC, has reallocated 15.0 mln dlrs in credit guarantees to
Turkey previously earmarked for sales of U.S. oilseeds to
provide coverage for sales of U.S. protein meals in fiscal year
1987, the U.S. Agriculture Department said.
The department said the action reduces the gu... | Industrial and Sector News |
VERNITRON CORP <VRN> 4TH QTR AND YEAR LOSS
| Oper shr loss 49 cts vs loss 10 cts
Oper net loss 3,014,000 vs loss 656,000
Revs 22.7 mln vs 23.6 mln
12 mths
Oper shr loss 19 cts vs profit 40 cts
Oper net loss 1,142,000 vs profit 2,476,000
Revs 93.3 mln vs 99.0 mln
NOTE: qtr 1986 and prior qtr excludes loss discontinued
... | Financial Reports |
GOODY PRODUCTS INC <GOOD> YEAR END OPER NET
| Oper shr 1.21 vs 88 cts
Oper net 7,767,000 vs 5,494,000
Revs 163.7 mln vs 133.5 mln
NOTE: 1986 and 1985 oper net excludes a loss of 1,332,000
dlrs and a profit of 319,000 dlrs, respectively, for
discontinued operations.
Earnings per shr are restated to reflect 3-for-2 stock
split effecti... | Other |
VMS MORTGAGE INVESTORS L.P. <VMLPZ> MONTLY DIV
| DIst nine cts vs nine cts prior
Payable May 14
Record April one
| Corporate News |
PEPS BOYS-MANNY, MOE AND JACK <PBY> SET PAYOUT
| Qtly div 5.5 cts vs 5.5 cts prior
Pay April 27
Record April one.
| Other |
CCC ACCEPTS EXPORT BONUS ON SEMOLINA TO EGYPT
| The Commodity Credit Corporation,
CCC, has accepted a bid for an export bonus to cover a sale of
6,000 tonnes of semolina to Egypt, the U.S. Agriculture
Department said.
The department said the semolina is for shipment
April-October, 1987, and the bonus awarded was 224.87 dlrs per
tonne.
The bon... | Financial Reports |
VMS MORTGAGE INVESTORS <VMTGZ> RAISES PAYOUT
| VMS Mortgage Investors LP II said it
raised its first quarter 1987 cash dividend to 21 cts from 20
cts the prior quarter payable May 14, 1987, to shareholders of
record April One, 1987.
| Other |
REGENCY CRUISES <SHIP> SELLS SHIP INTEREST
| Regency Cruises Inc said it agreed to
sell a 40 pct interest in the corporation that owns the M/V
Regent Sea cruise ship for 2.1 mln dlrs to Monmouth
International SA, which owns the other 60 pct.
The company said it also extended a 1.7 mln dlr secured
loan to Monmouth to finance completion of the renov... | Corporate News |
FREIGHT, INSURANCE PROPOSED FOR CCC SALES - USDA
| the U.S. Agriculture Department is
proposing to permit coverage of freight cost and marine and war
risk insurance for sales of all agricultural commodities sold
on credit terms under the Commodity Credit Corporation's, CCC,
credit guarantee programs.
The proposal only applies to commodities that are so... | Corporate News |
CCC ACCEPTS EXPORT BONUS FOR CATTLE TO EGYPT
| The U.S. Commodity Credit
Corporation (CCC) has accepted a bid for an export bonus to
cover a sale of 186 head of dairy cattle to Egypt, the U.S.
Agriculture Department said.
The department said the cattle are for delivery May 7-June
7, 1987, and the bonus awarded was 1,888.06 dlrs per head.
The b... | Financial Reports |
CLARK EQUIPMENT <CKL> BUYS 1.3 MLN SHARES
| Clark Equipment Co said it has
purchased 1,339,000 shares of its common stock from an investor
group led by Arthur M. Goldberg for 26.375 dlrs a share.
It said the purchase reduces the number of shares of Clark
common stock to be purchased under its stock repurchase plan
announced March 10. At the time ... | Financial Reports |
YANKEE COS <YNK> UNIT TO SELL ASSSETS
| Yankee Cos Inc's Eskey Inc <ESK>
subsidiary said it reached an agreement in principle to sell
its Eskey's Yale E. Key Inc subsidiary to a new concern formed
by Key's management and a private investor for about 15.5 mln
dlrs.
As part of sale, Eskey said the buyers will assume the 14.5
mln dlrs of pu... | Corporate News |
WENDY'S <WEN> DECLNES COMMENT ON MARKET RUMORS
| Wendy's International Inc declined to
comment on vague rumors by traders that it might be a takeover
target.
Wendy's is currently trading up one at 11-3/4 on turnover
of more than 1.6 mln shares.
A Wendy's spokesman said it was corporate policy not to
comment on market rumors.
He further dec... | Corporate News |
GOODY <GOOD> TO SELL UNIT TO UNION CAMP <UCC>
| Goody Products Inc said it entered
into an agreement to sell its J. and P.B. Myers packaging
business to Union Camp Corp to focus on its consumer products
and automated distribution system businesses.
Terms of the agreement were not disclosed.
| Market and Economy |
CHAMPION PARTS<CREB> ASKS DECLARATORY JUDGMENT
| Champion Parts Rebuilders Inc
said it asked the Federal District Court in Chicago for a
declaratory judgment upholding its recent 5.4 mln dlr sale of
common shares and warrants to Echlin Inc <ECH>.
Champion said in hearings Thursday morning before the
federal judge on its lawsuit charging federal sec... | Corporate News |
CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS
|
CYACQ RAISES OFFER FOR CYCLOPS TO 92.50 DLRS/SHARE FROM 80 DLRS
| Other |
CCL UNIT ACQUIRES NESTLE CANADA CAN OPERATIONS
| <CCL Industries Inc>'s Continental Can
Canada Inc unit said it acquired the Wallaceburg, Ontario,
metal can making operations of Nestle Enterprises Ltd, wholly
owned by <Nestle SA>, of Switzerland. Terms were undisclosed.
Continental Can said it would supply Nestle's equivalent
can requirements un... | Corporate News |
GREAT COUNTRY BANK <GCBK> 3RD QTR NET
| Qtr ends Feb 28
Shr 53 cts vs N/A
Net 1,165,000 vs 575,000
Nine mths
Shr 1.54 dlrs vs N/A
Net 3,363,000 vs 1,535,000
Assets 375.2 mln vs 320.7 mln
Deposits 313.8 mln vs 264.2 mln
Loans 286.3 mln vs 235.9 mln
NOTE: earnings per share data not presented for 1986 as
... | Corporate News |
U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS
|
U.S. BUSINESS LOANS FALL 660 MLN DLRS IN MARCH 11 WEEK, FED SAYS
| Corporate News |
EC AGREES REDUCTION OF DIESEL EXHAUST EMISSIONS
| The European Community (EC) agreed
tough new rules to cut diesel exhaust emissions from trucks and
buses in an attempt to reduce air pollution threatening vast
stretches of the region's forests.
Diplomats said EC environment ministers meeting here agreed
member states would have to reduce by 20 pct over... | Corporate News |
MARCUS <MRCS> VOTES 50 PCT STOCK DIVIDEND
| Marcus Corp said its board
voted a 50 pct stock dividend to be distributed May 1, record
April 15.
It said the dividend applies equally to holders of its
common stock and Class B common.
| Financial Reports |
VMS MORTGAGE <VMTGZ> CASH DISTRIBUTION RISES
| VMS Mortgage Investors L.P. II said it
declared a first-quarter 1987 cash distribution of 21 cts a
depositary unit, up five pct from the prior quarter.
It said the distribution will be payable May 14, record
January 1.
| Financial Reports |
AUDIO/VIDEO <AVA>SWEETENS BID FOR CYCLOPS <CYL>
| An investment group led by
Audio/Video Affiliates Inc said it raised its tender offer to
acquire Cyclops Corp to 92.50 dlrs a share from 80 dlrs a
share.
The group, Cyacq Acquisition Corp, also said it extended
the offer until April three, from March 20.
The group said it added several conditions ... | Financial Reports |
EMERALD HOMES <EHP> SETS INITIAL DISTRIBUTION
| Emerald Homes L.P. said its
general partners declared an initial 30-ct per unit
distribution payable May 15 to unitholders of record March 31.
Emerald made its initial public offering February 6.
| Financial Reports |
AMERICAN PORK CONGRESS KICKS OFF TOMORROW
| The American Pork Congress kicks off
tomorrow, March 3, in Indianapolis with 160 of the nations pork
producers from 44 member states determining industry positions
on a number of issues, according to the National Pork Producers
Council, NPPC.
Delegates to the three day Congress will be considering 26
... | Financial Reports |
U.S. BUSINESS LOANS FALL 660 MLN DLRS
| Business loans on the books of major
U.S. banks, excluding acceptances, fell 660 mln dlrs to 277.93
billion dlrs in the week ended March 11, the Federal Reserve
Board said.
The Fed said that business loans including acceptances
declined 492 mln dlrs to 280.56 billion dlrs.
| Financial Reports |
JEFFERIES MAKES MARKET IN CYCLOPS <CYL>
| Jefferies and Co said it is making a
market in the stock of Cyclops Corp at 92-1/2 to 95.
Cyclops received a sweetened offer of 92.50 dlrs per share
from Cyacq Acquisition Corp, led by Audio/Video Affiliates Inc
<AVA>.
| Financial Reports |
BEI <BEIH> ACQUIRES IVEY-ROWTON AND ASSOCIATES
| BEI Holdings Ltd said it acquired
Ivey-Rowton and Associates, a Nashville, Tenn.-based bank
marketing firm.
Terms were not disclosed.
| Financial Reports |
LAC MINERALS <LAC> TO CLOSE LAKE SHORE MINE
| LAC Minerals Ltd said it will suspend
underground mining and exploration at its Lake Shore Mine at
Kirkland Lake, Ontario, on April 30, pending results of a
surface exploration drilling program.
LAC said it does not expect the decision to affect
earnings, but 44 employees will be affected.
The com... | Market and Economy |
SOUTHERN HOME SAVINGS BANK <SHSB> YEAR NET
| Shr 1.86 dlrs vs 1.85 dlrs
Net 1,923,304 vs 1,897,998
| Commodities and Trade |
BINKS MFG CO <BIN> REGULAR DIVIDEND SET
| Qtly div 25 cts vs 25 cts previously
Pay April 17
Record March 30
| Financial Reports |
20-MAR-1987
| 20-MAR-1987
| Financial Reports |
FIRM SELLS ENTIRE ALLEGHENY INT'L <AG> STAKE
| Southeastern Asset Management Inc
and its two controlling shareholders said they sold their
entire 5.6 pct stake in Allegheny International Inc.
In a filing with the Securities and Exchange Commission,
Southeastern, a Memphis, Tenn. investment advisor, said it sold
the entire 604,000-share stake between... | Corporate News |
JAPANESE FIRM HAS 10.7 PCT OF SHELDAUL <SHEL>
| Sumitomo Bakelite Co Ltd, a Japanese
company, told the Securities and Exchange Commission it has
acquired 325,000 shares of Sheldahl Inc, or 10.7 pct of the
total outstanding common stock.
Sumitomo Bakelite said it bought the stock for 4.9 mln dlrs
for investment purposes.
Under an between Sumitom... | Corporate News |
COMMONWEALTH EDISON CO <CWE> 12 MONTHS NET
| Period ended Feb 28
Shr 4.66 dlrs vs 4.40 dlrs
Net 1,048,884,000 vs 959,626,000
Revs 5.43 billion vs 5.04 billion
Avg shrs 200,242,000 vs 191,840,000
NOTE: Per-share earnings reflect payment of preferred
dividend requirements
| Other |
JOHN HANCOCK UNITS DUMP STAKE IN PRICE <PR>
| Subsidiaries of John Hancock Mutual
Life Insurance Co told the Securities and Exchange Commission
they sold their entire 13.1 pct stake in Price Communications
Corp back to the company.
The Hancock subsidiaries said they sold their entire
1,627,603-share stake in Price Communications to the company
fo... | Commodities and Trade |
NEW YORK BUSINESS LOANS FALL 195 MLN DLRS
| Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 195 mln dlrs to 65.06 billion in the week ended February
18, the Federal Reserve Bank of New York said.
Including acceptances, loans declined 114 mln dlrs to 65.89
billion.
Commercial paper out... | Financial Reports |
COPPER STOCKS OUTSIDE U.S. INCREASE IN DECEMBER
| Refined copper stocks held by
refineries outside the U.S. increased to a preliminary 277,500
short tons at the end of December from a preliminary 270,000
short tons (revised higher) at the end of November, the
American Bureau of Metal Statistics said.
London Metal Exchange stocks fell to 193,100 tons in... | Financial Reports |
NIAGARA MOHAWK <NMK> TO CUT COSTS
| Niagara Mohawk Corp said it is
"cautiously optimistic" about results improvements for 1987 and
said it is studying measures to cut operating costs.
These measures include freezing management salaries,
abolishing vacant positions and reducing overtime.
A spokesman said the company had no current plan... | Financial Reports |
GANTOS INC <GTOS> 4TH QTR JAN 31 NET
| Shr 43 cts vs 37 cts
Net 2,276,000 vs 1,674,000
Revs 32.6 mln vs 24.4 mln
Year
Shr 90 cts vs 69 cts
Net 4,508,000 vs 3,096,000
Revs 101.0 mln vs 76.9 mln
Avg shrs 5,029,000 vs 4,464,000
NOTE: 1986 fiscal year ended Feb 1, 1986
| Financial Reports |
CHEMLAWN CORP, ECHOLAB INC SIGN DEFINITIVE MERGER AGREEMENT
|
CHEMLAWN CORP, ECHOLAB INC SIGN DEFINITIVE MERGER AGREEMENT
| Financial Reports |
LDC FOOD AID NEEDS DECLINE IN 1986/87 - USDA
| Total food aid needs in 69 of the
least developed countries declined in 1986/87, as requirments
fell in many countries in Africa, the Middle East and Asia, the
U.S. Agriculture Department said.
In a summary of its World Agriculture Report, the
department said grain production in sub-Saharan Africa was a... | Commodities and Trade |
U.S. SUGAR PROGRAM CUT SENT TO CONGRESS BY USDA
| The U.S. Agriculture Department
formally transmitted to Congress a long-awaited proposal to
drastically slash the sugar loan rate and compensate growers
for the cut with targeted income payments.
In a letter to the Congressional leadership accompanying
the "Sugar Program Improvements Act of 1987", Pete... | Commodities and Trade |
<OE INC> 4TH QTR NET
| Shr 24 cts vs 26 cts
Net 1.5 mln vs 1.3 mln
Revs 40.5 mln vs 33.5 mln
Year
Shr 80 cts vs 82 cts
Net 4.9 mln vs 4.1 mln
Revs 143.0 mln vs 121.1 mln
Avg shrs 6.1 mln vs 5.0 mln
| Corporate News |
VMS MORTGAGE LP <VMLPZ> MONTHLY CASH PAYOUT
| VMS Mortgage L.P. said it declared a
regular monthly cash distribution of nine cts a depositary unit
for the month of March, payable May 14, record April One.
| Corporate News |
LITTLE EFFECT SEEN FROM COLD STORAGE REPORT
| The USDA monthly cold storage report
for meats is expected to have little, if any, effect on
livestock and meat futures at the Chicago Mercantile Exchange
Monday and daily fundamentals will likely provide the bulk of
direction, livestock analysts said.
The increase of 66.4 mln lbs in total poultry offse... | Corporate News |
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