Jukaboo/Reuters · Datasets at Hugging Face

titles stringlengths 12 138	article stringlengths 15 8.85k	category stringclasses 6 values
ALEXANDER'S <ALX> 2ND QTR FEB 7	Shr 57 cts vs 72 cts Net 2.7 mln vs 3.3 mln Six months Shr 45 cts vs 84 cts Net 2.1 mln vs 3.8 mln NOTE:1987 six months includes 790,000 dlr charge. 1986 six months includes 679,000 net gain.	Corporate News
IMPERIAL OIL <IMO.A> TO FOCUS ON HIGHER PROFIT	Imperial Oil Ltd, 70 pct owned by Exxon Corp <XON>, will focus on maintaining its financial strength and improving near-term earnings performance through operating expense reductions and selective capital spending, the company said in the annual report. Imperial Oil said it expects to spend about 750...	Financial Reports
NORTHEAST UTILITIES <NU> YEAR	Shr 2.78 dlrs vs 2.55 dlr NEt 302.0 mln vs 271.6 mln REvs 2.0 billion vs 2.1 billion	Financial Reports
CPC <CPC> TO SELL EUROPEAN BUSINESS	CPC International Inc said it reached an agreement in principle to sell its European corn wet milling business to Agricola Finanziaria SpA, a member of the Ferruzzi Group, for a price in excess of 600 mln dlrs. The transaction is expected to be completed by September 30. CPC said it expects no mat...	Financial Reports
MOBEX COMPLETES GRANT INDUSTRIES <GTX> TENDER	Mobex Corp, a private building product concern, said as of late yesterday it had accepted about 2.3 mln shares or 98 pct of Grant Industries Inc under a tender offer. The 7.75 dlrs a share cash offer expired at 2000 EST yesterday. Mobex said its Mobex Acquisition Corp unit accepted 2,316,940 shares of...	Commodities and Trade
LEUCADIA NATIONAL CORP <LUK> 4TH QTR NET	Shr 3.28 dlrs vs 22 cts Shr diluted 2.99 dlrs vs 22 cts Net 46.0 mln vs 3,328,000 Avg shrs 14.0 mln vs 15.2 mln Year Shr 5.41 dlrs vs 1.56 dlrs Shr diluted 4.94 dlrs vs 1.50 dlrs Net 78.2 mln vs 25.9 mln Avg shrs 14.5 mln vs 15.1 mln NOTE: earnings per share refle...	Corporate News
TELECOM <TELE> COMPLETES SALE	Telecom Plus INternational Inc said it completed the sale of its 65 pct interest in Tel Plus Communications Inc to Siemens Information Systems INc for about 173 mln dlrs. Telecom received 107 mln dlrs at closing with the balance to be paid in installments. Siemen said it will dispute various matters i...	Other
HAITI, CZECHOSLOVAKIA JOIN COCOA ORGANIZATION	Haiti and Czechoslovakia have joined the International Cocoa Organization (ICCO), bringing membership in the United Nations charter body to 18 importing countries and 17 exporters, ICCO officials said. Haiti has provisionally applied to the ICCO as an exporting member, and accounts for 0.92 pct of world...	Financial Reports
INTEGRATED RESOURCES INC <IRE> 4TH QTR NET	Oper primary shr 1.03 dlr vs 2.55 dlrs Oper diluted shr 94 cts vs 1.76 dlrs Oper net 15.2 mln vs 23.4 mln Revs 272.0 mln vs 232 mln Avg shrs primary 7,625,000 vs 5,534,000 Avg shrs diluted 12.3 mln vs 10.3 mln Year Oper shr 1.06 dlr vs 3.17 dlrs Oper net 39 mln vs 56.1 ...	Financial Reports
WEAN UNITED INC <WID> 4TH QTR	Shr loss one dlr vs profit seven cts Net loss 3.0 mln vs profit 349,000 Revs 35.6 mln vs 49.3 mln Year Shr loss 2.87 dlrs vs loss 2.71 dlrs Net loss 8.4 mln vs loss 7.9 mln Revs 140.3 mln vs 169.2 mln NOTE:earnings reflect preferred dividend requirements, 1986 year includes...	Commodities and Trade
U.S. HOUSE PANEL EASES SOVIET EXPORT CONTROLS	The U.S. House Foreign Affairs Committee voted to ease restrictions on exports that are now kept from shipment to Soviet-bloc countries but are no longer a threat to U.S. national security. The Democratic-controlled committee said the administration's export control policies, which restrict shipment o...	Corporate News
U.S. EXPORTERS REPORT 200,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87	U.S. EXPORTERS REPORT 200,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87	Industrial and Sector News
BALDRIGE SAYS CHANGES NEEDED IN EXCHANGE RATES OF CURRENCIES PEGGED TO DOLLAR	BALDRIGE SAYS CHANGES NEEDED IN EXCHANGE RATES OF CURRENCIES PEGGED TO DOLLAR	Commodities and Trade
CHARTER CO 4TH QTR NET PROFIT 118.8 MLN DLRS VS LOSS 13 MLN DLRS	CHARTER CO 4TH QTR NET PROFIT 118.8 MLN DLRS VS LOSS 13 MLN DLRS	Corporate News
ALEXANDER'S <ALX> 2ND QTR ENDS FEB 27 NET	Shr 57 cts vs 72 cts Shr diluted 57 cts vs 66 cts Net 2,699,000 vs 3,250,000 Revs 190.8 mln vs 195.9 mln Six mths Shr 45 cts vs 84 cts Shr diluted 45 cts vs 79 cts Net 2,092,000 vs 3,784,000 Revs 304.2 mln vs 304.6 mln NOTE: includes a change in accounting for inv...	Other
STANADYNE <STNA>, UNITED TECHNOLOGIES END TALKS	Stanadyne Inc said it terminated discussions about its proposed purchase of United Technologies Corp's Diesel Systems <UTX> unit. The reason was not disclosed.	Other
FISONS PLC <FISN.L> YEAR TO END-1986	Shr 27.5p vs 24.3p Div 3.95p vs 3.34p making 6.5p vs 5.5p Pre-tax profit 85.1 mln stg vs 72.3 mln Turnover 702.6 mln vs 646.7 mln Tax 18.4 mln vs 15.2 mln Finance charges 4.1 mln vs 5.4 mln Minority interest 0.1 mln vs 0.5 mln Extraordinary debit, being closure and restructur...	Corporate News
CITICORP <CCI> RULES OUT CREDIT CARD PRICE WAR	American Express Co's <AXP> recent launch of a new "OPTIMA" credit card, with relatively low interest rates and fees, will increase competition with bank credit-card issuers but will not lead to a pricing war, a senior Citicorp offical said. "Over the next two to three years, a very interesting mar...	Financial Reports
NEW PROCESS CO <NOZ> SETS QTLY PAYOUT	New Process Co said it declared a quarterly dividend of 12-1/2 cts, the regular dividend it pays during the first three quarters of the year. The dividend is payable May 1 to shareholders of record April 10. Last year, New Process paid an annual dividend of 1.18 dlrs by paying 12-1/2 cts a share i...	Financial Reports
USDA REPORTS CORN SWITCHED TO USSR	The U.S. Agriculture Department said private U.S. exporters reported 200,000 tonnes of corn previously to unknown destinations have been switched to the Soviet Union. The corn is for delivery during the 1986/87 marketing year and under the fourth year of the U.S.-USSR Long Term Grain Supply Agreement....	Financial Reports
PETROLEUM EQUIPMENT TOOLS CO <PTCO> 4TH QTR	Shr loss 57 cts vs loss 30 cts Net loss 5.9 mln vs loss 3.2 mln Revs 5.6 mln vs 16.3 mln Year Shr loss 2.11 dlrs vs loss 95 cts Net loss 22.0 mln vs loss 9.9 mln Revs 29.3 mln vs 66.3 mln	Financial Reports
SUNDOR GROUP BUYS DWG <DWG> UNIT'S ASSETS	<Sundor Group Inc> said it purchased DWG Corp's Texun Inc's line of regional juice products. The purchase terms were not disclosed, the company said.	Corporate News
QUICK AND REILLY GROUP <BQR> 4TH QTR FEB 28	Shr 72 cts vs 57 cts Net 4.5 mln vs 3.6 mln Revs 25.1 mln vs 21.9 mln Year Shr 2.47 dlrs vs 1.87 dlr Net 15.6 mln vs 11.8 mln Revs 89.1 mln vs 73.3 mln	Financial Reports
HAYES-ALBION <HAY> COMPLETES GOING PRIVATE DEAL	Hayes-Albion Corp said its shareholders approved a plan to merge with and become a wholly onwed subsidiary of privately held Harvard Industries Inc. St. Louis-based Harvard Industries, a manufacturer and distributor of automobile supplies, held 80 pct of Hayes following completion of a 13 dlrs a share c...	Corporate News
CHARTER CO <QCHR> 4TH QTR OPER LOSS	Oper shr loss one ct vs loss four cts Oper net loss 336,000 vs profit 2,631,000 Revs 237.2 mln vs 382.3 mln Avg shrs 47.4 mln vs 16.5 mln Year Oper shr profit 21 cts vs profit 12 cts Oper profit 9,922,000 vs profit 15.1 mln Revs 1.1 billion vs 1.6 billion Avg shrs 47.4 ...	Financial Reports
CHAMPION PRODUCTS <CH> APPROVES STOCK SPLIT	Champion Products Inc said its board of directors approved a two-for-one stock split of its common shares for shareholders of record as of April 1, 1987. The company also said its board voted to recommend to shareholders at the annual meeting April 23 an increase in the authorized capital stock from fiv...	Financial Reports
MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO THREE PCT - CREDIT SUISSE	MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO THREE PCT - CREDIT SUISSE	Corporate News
NUMEREX CORP <NMRX> 2ND QTR JAN 31 LOSS	Shr loss seven cts vs profit five cts Net loss 149,421 vs profit 103,120 Sales 1,698,345 vs 1,920,010 Six Mths Shr loss five cts vs profit nine cts Net loss 100,472 vs profit 191,614 Sales 3,836,794 vs 3,650,322	Corporate News
BALDRIGE SUPPORTS NIC TALKS ON CURRENCIES	Commerce Secretary Malcolm Baldrige said he supported efforts to persuade newly-industrialized countries (NICS) to revalue currencies that are tied to the dollar in order to help the United States cut its massive trade deficit. "We do need to do something with those currencies or we will be substituti...	Financial Reports
CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE	CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE	Financial Reports
EASTMAN KODAK CO TO SELL HOLDINGS IN ICN PHARMACEUTICALS AND VIRATEK INC	EASTMAN KODAK CO TO SELL HOLDINGS IN ICN PHARMACEUTICALS AND VIRATEK INC	Commodities and Trade
TREASURY BALANCES AT FED ROSE ON MARCH 23	Treasury balances at the Federal Reserve rose on March 23 to 3.332 billion dlrs from 3.062 billion dlrs on the previous business day, the Treasury said in its latest budget statement. Balances in tax and loan note accounts fell to 15.513 billion dlrs from 17.257 billion dlrs on the same respective day...	Financial Reports
USX <X> USS UNIT RAISES PRICES	USX Corp's USS subsidiary said that effective with shipments beginning July 1 prices for all leaded grades and 1200-series grades of hot rolled bar and semi-finished products from its Lorain, Ohio, facility will be increased by 15 dlrs a ton over the prices in effect June 1. It said the increase is bein...	Market and Economy
UNIONIST URGES RETALIATION AGAINST JAPAN	William Bywater, president of the International Union of Electronic Workers, called on President Reagan to retaliate against Japan for unfair practices in semiconductor trade. He said in a statement a crash program was needed in the semiconductor industry to prevent the United States from becoming "on...	Other
ZAIRE AUTHORIZED TO BUY PL 480 RICE - USDA	Zaire has been authorized to purchase about 30,000 tonnes of U.S. rice under an existing PL 480 agreement, the U.S. Agriculture Department said. It may buy the rice, valued at 5.5 mln dlrs, between March 31 and August 31, 1987, and ship it from U.S. ports by September 30, the department said. The ...	Other
MIDIVEST ACQUIRES ASSETS OF BUSINESS AVIATION	<Midivest Inc> said it acquired all the assets of <Business Aviation Inc> of Sioux Falls, S.D., for an undisclosed amount of stock. Midivest said it expects to sell 10 to 20 of the renovated Beechcraft planes next year. It said management will also lease these airborne intensive care units to hosp...	Corporate News
U.S. WHEAT CREDITS FOR JORDAN SWITCHED	The Commodity Credit Corporation (CCC) has switched 25.0 mln dlrs in wheat credit guarantees to Jordan under the Export Credit Guarantee Program to the Intermediate Export Credit Guarantee Program, the U.S. Agriculture Department said. The switch reduces the total value of GSM-102 guarantees for the c...	Other
DOLLAR EXPECTED TO FALL DESPITE INTERVENTION	Central bank intervention in the foreign exchange markets succeeded in staunching the dollar's losses today, but senior dealers here believe the U.S. currency is headed for a further retreat. Although the intervention was widespread, dealers perceive that the six major industrial nations have differing ...	Financial Reports
EASTMAN KODAK <EK> TO SELL HOLDINGS	Eastman Kodak Co said it plans to sell its 2.3 pct holding in ICN Pharmaceuticals <ICN> and part of its nine pct holdings in Viratek <VIRA>. It said the purpose of the investments had been to lay the groundwork for the creation of its Nucleic Acid Research Institute. Since that has been achi...	Corporate News
FIRM REDUCES SCEPTRE RESOURCES <SRL> HOLDINGS	Montreal-based Noverco Inc told the Securities and Exchange Commission it reduced its stake in Sceptre Resources Ltd to 1,232,200 shares or 4.8 pct of the total outstanding. Noverco said it sold off 400,500 shares "to reduce the investment of Noverco in Sceptre." "Additional common shares of Scept...	Corporate News
<ACKLANDS LTD> 1ST QTR FEB 28 NET	Shr three cts vs 11 cts Net 126,000 vs 434,000 Revs 84.0 mln vs 80.2 mln Avg shrs 4,948,731 vs 3,870,511	Commodities and Trade
PHILIPPINE PLANNING CHIEF URGES PESO DEVALUATION	The Philippines must devalue the peso if it wants its exports to remain competitive, Economic Planning Secretary Solita Monsod told Reuters. "The peso/dollar rate has to be undercut to make our exports more competitive," Monsod said an interview. "No question about it. I'm saying you cannot argue with s...	Corporate News
BULL AND BEAR GROUP A <BNBGA> CUTS FUND PAYOUTS	Bull and Bear Group A said it lowered its monthly dividends on three of its funds. It said it lowered its Tax Free Income Fund <BLTFX> to 10.3 cts from 10.6 cts; its U.S. Government Guaranteed Securities Fund <BBUSX> to 11.5 cts from 11.8 cts; and its High Yield Fund <BULHX> to 14 cts from 14.2...	Commodities and Trade
CALTEX TO RAISE BAHRAIN OIL PRODUCT PRICES	Caltex Petroleum Corp said it will raise posted prices for naphtha and several grades of residual fuel in Bahrain, effective March 25. Caltex, a joint venture of Chevron Corp <CHV> and Texaco INC <TX>, said its naphtha posting is up four cts a gallon to 43 cts. It said it is raising its marine ...	Corporate News
CHARTER CO <QCHR> TO COMPLETE REORGANIZATION	Charter Co, the huge petrochemical concern in bankruptcy proceedings stemming from hundreds of dioxin-related claims, said it and all of its subsidiaries, except the Independent Petrochemical Corp, will complete their reorganization on March 31. It said that on that date, it will deposit with an escrow ...	Commodities and Trade
NASHUA <NSH> TO PURCHASE PRIVATE DISC MAKER	Nashua Corp said it signed a letter of intent to purchase <Lin Data Corp>, a private manufacturer of high-capacity rigid discs for storage of computer data. Under the terms of the letter, Nashua said it will acquire all classes of Lin stock for 24 mln dlrs. In addition, it said it will loan Lin 1,2...	Corporate News
ALTRON INC <ALRN> 4TH QTR JAN 3	Shr loss 56 cts vs loss five cts Net loss 1.9 mln vs loss 164,000 revs 6.9 mln vs 5.4 mln Year Shr loss 1.15 dlrs vs profit 52 cts Net loss 3.8 mln vs profit 1.7 mln Revs 25.6 mln vs 29.8 mln NOTE: 1987 net loss includes loss 6.5 mln dlrs for nonrecurring reserve for closin...	Commodities and Trade
GENCORP <GY> PROPOSALS WITHDRAWN FROM MEETING	GenCorp Inc said it withdrew from consideration at its annual meeting on March 31 proposals aimed at providing for a stock split and an increased dividend so that it could focus its energies on responding to the takeover offer made last week by a partnership of AFG Industries Inc <AFG> and Wagner and Bro...	Financial Reports
API SAYS DISTILLATE STOCKS OFF 4.07 MLN BBLS, GASOLINE OFF 2.69 MLN, CRUDE UP 8.53 MLN	API SAYS DISTILLATE STOCKS OFF 4.07 MLN BBLS, GASOLINE OFF 2.69 MLN, CRUDE UP 8.53 MLN	Corporate News
U.K. CLEARS CONS GOLD U.S. PURCHASE	The U.K. Trade Department said it would not refer Consolidated Goldfields Plc's <CGLD.L> purchase of <American Aggregates Corp> to the Monopolies Commission. Cons Gold said last month that its <ARC America Corp> unit had agreed to buy the Ohio-based company for 30.625 dlrs a share cash, or 242 ...	Commodities and Trade
VERMONT FINANCIAL SERVICES <VFSC> SETS PAYOUT	Vermont Financial Services Corp said its board approved a regular 20 cts per share cash dividend payable April 25 to shareholders of record March 26.	Commodities and Trade
RESORTS INTERNATIONAL GETS BUYOUT PROPOSAL FROM KSZ CO INC	RESORTS INTERNATIONAL GETS BUYOUT PROPOSAL FROM KSZ CO INC	Other
GREAT ATLANTIC AND PACIFIC TEA CO INC <GAP> DIV	Qtly div 10 cts vs 10 cts prior Payable May one Record April 15	Commodities and Trade
GARTNER GROUP <GART> ACQUIRES COMTEC PROGRAM	Gartner Group Inc said it acquired sole ownership of the COMTEC Market Research Program. Gartner said its wholly-owned subsidiary purchased the interests of its former partners for an aggregate price of 1,125,000 plus a percentage of net sales proceeds on future sales of certain products. Prior to...	Commodities and Trade
RESORTS INT'L <RT.A> RECEIVES TAKEOVER OFFER	Resorts International Inc said it received a proposal from <KSZ Co Inc> under which holders of Resorts class B stock would receive 140 dlrs a share in cash and one share of common stock in a new company to be formed through the takeover. Under the offer, Resorts said holders of its class A shares w...	Market and Economy
CITICORP <CCI> SEES DOUBLING IN RETAIL BANK NET	Citicorp expects net income in its individual banking sector to top one billion dlrs by 1993, compared with 462 mln dlrs in 1986, said Richard Braddock, head of Citicorp's individual banking division. "We can double our earnings over the next five to seven years," he told a banking analysts meeting, add...	Financial Reports
WD-40 CO <WDFC> 2ND QTR FEB 28 NET	Shr 35 cts vs 40 cts Net 2,642,000 vs 3,017,000 Sales 19.1 mln vs 18.9 mln Six Mths Shr 69 cts vs 70 cts Net 5,178,000 vs 5,299,000 Sales 35.6 mln vs 33.8 mln	Other
BRAZIL COMPUTER MARKET TO REMAIN CLOSED-MINISTER	Brazilian Science and Technology Minister Renato Archer said Brazil will keep its computer market closed to foreign goods in order to give its own infant industry time to develop. "Every country establishes laws to protect its interests. The United States closed their borders at a certain stage to som...	Other
NORTHERN INDIANA PUBLIC SVC <NI> AGAIN OMITS DIV	Northern Indiana Public Service Company said it again omitted its quarterly common stock dividend which would have been payable in May. NIPSCO said it has not paid a qtly dividend since December 1985 following an adverse decision by the Indiana Supreme Court denying amortization of about 191 mln dlrs NI...	Commodities and Trade
FED'S JOHNSON SAYS DOLLAR STABILIZED AFTER FED TOOK APPROPRIATE ACTION	FED'S JOHNSON SAYS DOLLAR STABILIZED AFTER FED TOOK APPROPRIATE ACTION	Corporate News
FED CHAIRMAN VOLCKER SAYS BANK PROPOSALS A WORRY	The chairman of the Federal Reserve Board, Paul Volcker, has written to the chairman of the House Banking Committee to raise concerns about legislative proposals scheduled for consideration Wednesday. Volcker told committee chairman Fernand St. Germain a proposal to deny primary dealer status to firms f...	Other
BORMAN'S INC <BRF> DECLARES QTLY DIVIDEND	Qtly div five cts vs five cts prior Pay June 15 Record May 18	Corporate News
U.S. CORN ACREAGE SEEN NEAR RECORD LOW	U.S. corn acreage this year is likely to drop to the lowest level since the unsurpassed acreage reductions of the 1983 PIK year and could rank as one of the lowest corn plantings in the United States in sixty years, Agriculture Department officials said. USDA releases its official plantings report on M...	Commodities and Trade
KIRSCHNER <KMDC> COMPLETES PURCHASE	Kirschner Medical corp said it completed the acquisition of Minnesota Mining and Manufacturing's <MMM> orthopedic metal implant line division. The acquisition price is 12.0 mln dlrs in cash, a six mln dlr three year note and 100,000 shares of Kirschner common stock. The division had sales of 11...	Corporate News
U.S. SENATORS SEEK TO EXPAND USDA EXPORT BONUS	Leading U.S. farm state senators are seeking to insert into the Senate's omnibus trade bill a provision that would broaden eligibility requirements under the U.S. Agriculture Department's export enhancement program, EEP, to include traditional buyers of U.S. farm products, including the Soviet Union, Senate...	Financial Reports
FED'S JOHNSON SAYS FED ACTED TO STABILIZE DOLLAR	Federal Reserve Board Vice Chairman Manuel Johnson said the dollar has stabilized against other currencies after action taken by the Fed. "We have taken the appropriate action and the dollar has stabilized," Johnson said after testifying to a House Banking subcommittee. He did not elaborate on the...	Financial Reports
MARYLAND NATIONAL <MDNT> SEES NEW NAME	Maryland National Corp, the parent of Maryland National Bank which earlier this month merged with American Security Bank, said its shareholders will vote on a new name for the regional bank holding company at its April 29 annual meeting. It said MNC Financial Inc is the proposed new name for the paren...	Corporate News
VENEZUELA TO ANNOUCE PARTNER FOR COAL VENTURE	Petroleos de Venezuela S.A will announce within two weeks the name of a foreign consortium it has chosen to help exploit the coal deposits at Guasare in western Zulia state, PDVSA president Juan Chacin Guzman said. Chacin told reporters the foreign partner will provide capital as well as technical and m...	Corporate News
GOTTSCHALKS INC <GOT> 4TH QTR NET	Shr 37 cts vs 50 cts Net 2,776,000 vs 2,756,000 Sales 46.9 mln vs 38.8 mln Avg shrs 7,508,000 vs 5,550,000 Year Shr 58 cts vs 55 cts Net 4,021,000 vs 3,005,000 Sales 125.9 mln vs 112.8 mln Avg shrs 7,090,000 vs 5,500,000	Corporate News
BORG-WARNER SAYS IT DISCUSSED POSSIBLE TAKEOVER WITH IRWIN JACOBS	BORG-WARNER SAYS IT DISCUSSED POSSIBLE TAKEOVER WITH IRWIN JACOBS	Financial Reports
CYCLOPS CORP SAYS CYACQ'S AMENDED OFFER RESTATES ORIGINAL CONDITIONS	CYCLOPS CORP SAYS CYACQ'S AMENDED OFFER RESTATES ORIGINAL CONDITIONS	Corporate News
U.S. SUGAR QUOTA MAY BE EASED, CONGRESSMAN SAYS	The United States may soon ease its 1987 sugar import quota of one mln short tons by bringing forward to the third quarter some shipments scheduled for the fourth quarter of 1987, Jerry Huckaby, a leading Congressman representing sugar growers told Reuters in an interview. Huckaby, a Louisiana Democrat ...	Market and Economy
CALIFORNIA MICROWAVE <CMIC> TAKES 3RD QTR CHARGE	California Microwave Inc said it will take non-recurring charges of 9.7 mln dlrs to pre-tax earnings in the third quarter ended March 31. The company said earnings from operations in the second half, ending June 30, 1987, excluding the charges, are expected to be in the break-even range. In the se...	Commodities and Trade
CRS SIRRINE PLANS MAJOR RESTRUCTURING, WRITE OFF OF UP 43 MLN DLRS	CRS SIRRINE PLANS MAJOR RESTRUCTURING, WRITE OFF OF UP 43 MLN DLRS	Corporate News
H.F. AHMANSON AND CO <AHM> QTLY DIVIDEND	Shr 22 cts vs 22 cts prior qtr Pay June one Record May 12	Other
BORG-WARNER <BOR> TELLS OF TALKS WITH JACOBS	Borg-Warner Corp said it has had discussions with Irwin Jacobs on his interest in the possibility of Minstar Inc <MNST>, a Jacobs controlled company, being given access to certain non-public information about Borg-Warner. In late February, an investor group headed by Jacobs offered 44 dlrs a share,...	Commodities and Trade
CANADA VOWS TO FIGHT U.S. POTASH ACTION	External Affairs Minister Joe Clark today vowed to do everything possible to fight the U.S. action against Canadian potash exports, but also warned against raising the alarm too early in the dispute. In the latest flashpoint in Canadian-U.S. trade relations, the U.S. International Trade Commission ruled...	Financial Reports
TRINTOC, UNION CARBIDE TO BUILD METHANOL PLANT	Trinidad and Tobago is finalizing arrangements with Union Carbide <UK> of the United States and Snamprogetti of Italy for the construction of a 1,500 tonnes per day methanol plant, Energy Minister Kelvin Ramnath said. Ramnath said the ministry is now holding talks with Union Carbide on the price of...	Other
VOLCKER CALLS DOLLAR SLIDE ENOUGH	Federal Reserve Board Chairman Paul Volcker said that the dollar's slide in currency markets has been enough, a Fed spokesman said. The spokesman confirmed that Volcker, who spoke to a group of financial analysts, said in answer to a question about the dollar's recent slide that "enough is enough." ...	Commodities and Trade
ZAIRE ACCEPTS TIN-EXPORT QUOTA, ATPC SAYS	Zaire agreed to limit its tin exports to 1,736 tonnes for 12 months from March 1 in line with an Association of Tin Producing Countries (ATPC) plan to curb exports, the ATPC said. ATPC Executive Director Victor Siaahan told Reuters he received a telex from Zaire indicating its willingess to take part ...	Other
RB INDUSTRIES <RBI> COMPLETES STORE SALES	RB Industries Inc said it completed the sale of its W and J SLoane Division to Laurence Crink Jr and a group of investors. The definitive agreement provides for a closing on April 1, 1987. The division consists of four W and J Sloane furniture store in Los Angeles and Orange counties. RB Industrie...	Corporate News
GENCORP <GY> TAKEOVER GROUP CANCELS HEARING	The investor group seeking to acquire GenCorp Inc said it agreed to cancel a court hearing after GenCorp withdrew three proposals that, if approved, would have made it more costly and difficult to acquire the Akron, Ohio-based company. Earlier today GenCorp said it will not ask shareholders to approve...	Financial Reports
GENCORP <GY> FIXES RIGHTS SEPARATION DATE	Gencorp Inc said that because it is continuing to evaluate General Acquisition Inc's tender offer it has fixed April 3, subject to further extension, as the date the rights to purchase preferred shares will trade separately from the common stock as a result of the tender offer. This extension of the exp...	Corporate News
AMERICAN INTERNATIONAL <AIG> SELLS AFRICAN UNIT	American International Group Inc said it sold its South African subsidiary, American International Insurance Co Ltd, to Johannesburg Insurance Holdings Ltd, a holding company owned by a consortium of shareholders led by Rand Merchant Bank. Terms were not disclosed and company officials were unavailabl...	Corporate News
OXFORD INDUSTRIES INC <OXM> 3RD QTR FEB 27	Shr 25 cts vs 21 cts Net 2.8 mln vs 2.3 mln Revs 135.0 mln vs 119.0 mln Nine months Shr 80 cts vs 70 cts Net 8.9 mln vs 7.7 mln Revs 407.7 mln vs 403.7 mln	Market and Economy
PORTUGAL MAY HAVE PURCHASED U.S. CORN	Portugal may have purchased a 30,000 tonne cargo at its tender today for up to 43,000 tonnes of number two yellow corn (14.5 pct maximum moisture) for arrival by April 30, shipment via Gulf ports, U.S. exporters said.	Market and Economy
TAIWAN TENDERING THURSDAY FOR U.S. CORN	Taiwan will tender Thursday, March 26, for a total of 356,000 tonnes of U.S. number two yellow corn (14.5 pct moisture) for various Sept/Dec shipments via Gulf or Pacific Northwest ports, U.S. exporters said.	Other
SRI LANKA TENDERING OVERNIGHT FOR WHEAT	Sri lanka will tender overnight for 52,500 tonnes of U.S., Canadian and/or Australian wheats for April 8/16 shipment, under the Export Enhancement Program if U.S. origin, U.S. exporters said.	Financial Reports
<DIGIGRAPHIC SYSTEMS CORP> 4TH QTR OPER LOSS	Oper shr loss one ct vs loss seven cts Oper net loss 80,640 vs loss 787,738 Revs 933,183 vs 3,346,627 Avg shrs 6,122,378 vs 8,451,578 Year Oper shr loss 75 cts vs loss 1.10 dlrs Oper net loss 5,120,206 vs loss 9,288,996 Revs 5,846,962 vs 18,679,090 Avg shrs 6,805,951 vs...	Other
BAYOU <BYOU> IN DEFINITIE MERGER AGREEMENT	Bayou Resources Inc said it reached an definite agreement to be acquired by Patrick Petroleum Co through a stock and cash transaction valued at six dlrs per Bayou share. Bayou also reported net loss of three cts or 23,024 dlrs for the fourth quarter compared with a net income of 10,128 dlrs or one cts...	Corporate News
TRANSCONTINENTAL <TGP> FILES NEW OFFER	Transcontinental Gas Pipe Line Corp said that it is not willing to accept the Federal Energy Regulatory Commission's conditioned approval of its proposed offer of settlement dated May 13. Transco said it filed a revised settlement proposal which would permit it to become an open access transporter while...	Financial Reports
COMPUTER IDENTICS CORP <CIDN> 4TH QTR	Shr loss 44 cts vs loss 20 cts Net loss 2.4 mln vs loss 880,000 Revs 2.4 mln vs 2.6 mln Year Shr loss 87 cts vs loss 11 cts Net loss 4.3 mln vs loss 494,000 Revs 9.0 mln vs 12.0 mln NOTE:1986 includes restructuring charges of 2.1 mln dlrs and loss of foreign affiliates of 2...	Financial Reports
FLEET TO ACQUIRE ASSETS OF MARK IV <IV> UNIT	<Fleet Aerospace Corp> said it agreed in principle to acquire the assets and operations of the Engineered Magnetics division of Gulton Industries Inc, a unit of Mark IV Industries Inc. Terms were undisclosed. Los Angeles-based Engineered Magnetics designs and produces custom power conversion sy...	Other
MIKRON INSTRUMENT CO <MIKR> 1ST QTR JAN 31	Shr three cts vs four cts Net 30,969 vs 18,230 Revs 956,971 vs 702,994	Commodities and Trade
GOLDEN NORTH HAS ENCOURAGING DRILL RESULTS	Golden North Resource Corp said said surface and underground drilling on the Canty project and Mascot fraction at its Nickel Plate Mountain property in British Columbia returned encouraging gold assays. It said one Canty hole encountered several mineralized intervals including 11 feet grading 0.342 ounc...	Corporate News
AUSTN FEB ANNUAL M3 MONEY SUPPLY RISES 11.2 PCT	The annual growth of Australia's m3 money supply rose by 11.2 pct in the year ended February compared with January's 10.7 pct, the Reserve Bank said. This was down from 14.0 pct in February last year. In February m3 rose by 0.6 pct compared with 0.8 in January and a February 1986 rise of 0.1 pct. ...	Corporate News
PS GROUP <PSG>, USAIR <U> MOVE UP DEADLINE	PS Group Inc said it and USAir Group agreed to move up the completion date of USAir's acquisition of Pacific Southwest Airlines to April 30 from September 30 originally. If the acquisition does not take place by April 30, either party may terminate the agreement, the company said. The deadline has...	Financial Reports
MERGERS, PUBLIC OFFERS SEEN AMONG CAR DEALERS	Automobile dealerships have become large, multi-store operations, and the largest sell more than 1 billion dlrs a year worth of vehicles a year. Around the auto industry there is talk of mergers and buyouts among dealerships, and there are rumors that the largest are considering offering shares to the p...	Commodities and Trade
COMPREHENSIVE CARE CORP <CMPH> 3RD QTR NET	Qtr ended Feb 28 Shr 17 cts vs 22 cts Net 2,041,000 vs 3,329,000 Revs 46.6 mln vs 48.9 mln Nine mths Shr 65 cts vs 82 cts Net 9,290,000 vs 12.7 mln Revs 142.7 mln vs 139.8 mln	Corporate News
CHAPMAN <CHPN> IN RESTRUCTURING	Chapman Energy INc said it is launching a major restructuring which, if not approved, it will have no alternative but to seek protection under Chapter 11. Under the plan, Chapman will exchange securities and cash for all outstanding 12 pct senior subordinated debentures due 2000 and will sell a controll...	Commodities and Trade

ALEXANDER'S <ALX> 2ND QTR FEB 7

Shr 57 cts vs 72 cts Net 2.7 mln vs 3.3 mln Six months Shr 45 cts vs 84 cts Net 2.1 mln vs 3.8 mln NOTE:1987 six months includes 790,000 dlr charge. 1986 six months includes 679,000 net gain.

Corporate News

IMPERIAL OIL <IMO.A> TO FOCUS ON HIGHER PROFIT

Imperial Oil Ltd, 70 pct owned by Exxon Corp <XON>, will focus on maintaining its financial strength and improving near-term earnings performance through operating expense reductions and selective capital spending, the company said in the annual report. Imperial Oil said it expects to spend about 750...

Financial Reports

NORTHEAST UTILITIES <NU> YEAR

Shr 2.78 dlrs vs 2.55 dlr NEt 302.0 mln vs 271.6 mln REvs 2.0 billion vs 2.1 billion

Financial Reports

CPC <CPC> TO SELL EUROPEAN BUSINESS

CPC International Inc said it reached an agreement in principle to sell its European corn wet milling business to Agricola Finanziaria SpA, a member of the Ferruzzi Group, for a price in excess of 600 mln dlrs. The transaction is expected to be completed by September 30. CPC said it expects no mat...

Financial Reports

MOBEX COMPLETES GRANT INDUSTRIES <GTX> TENDER

Mobex Corp, a private building product concern, said as of late yesterday it had accepted about 2.3 mln shares or 98 pct of Grant Industries Inc under a tender offer. The 7.75 dlrs a share cash offer expired at 2000 EST yesterday. Mobex said its Mobex Acquisition Corp unit accepted 2,316,940 shares of...

Commodities and Trade

LEUCADIA NATIONAL CORP <LUK> 4TH QTR NET

Shr 3.28 dlrs vs 22 cts Shr diluted 2.99 dlrs vs 22 cts Net 46.0 mln vs 3,328,000 Avg shrs 14.0 mln vs 15.2 mln Year Shr 5.41 dlrs vs 1.56 dlrs Shr diluted 4.94 dlrs vs 1.50 dlrs Net 78.2 mln vs 25.9 mln Avg shrs 14.5 mln vs 15.1 mln NOTE: earnings per share refle...

Corporate News

TELECOM <TELE> COMPLETES SALE

Telecom Plus INternational Inc said it completed the sale of its 65 pct interest in Tel Plus Communications Inc to Siemens Information Systems INc for about 173 mln dlrs. Telecom received 107 mln dlrs at closing with the balance to be paid in installments. Siemen said it will dispute various matters i...

Other

HAITI, CZECHOSLOVAKIA JOIN COCOA ORGANIZATION

Haiti and Czechoslovakia have joined the International Cocoa Organization (ICCO), bringing membership in the United Nations charter body to 18 importing countries and 17 exporters, ICCO officials said. Haiti has provisionally applied to the ICCO as an exporting member, and accounts for 0.92 pct of world...

Financial Reports

INTEGRATED RESOURCES INC <IRE> 4TH QTR NET

Oper primary shr 1.03 dlr vs 2.55 dlrs Oper diluted shr 94 cts vs 1.76 dlrs Oper net 15.2 mln vs 23.4 mln Revs 272.0 mln vs 232 mln Avg shrs primary 7,625,000 vs 5,534,000 Avg shrs diluted 12.3 mln vs 10.3 mln Year Oper shr 1.06 dlr vs 3.17 dlrs Oper net 39 mln vs 56.1 ...

Financial Reports

WEAN UNITED INC <WID> 4TH QTR

Shr loss one dlr vs profit seven cts Net loss 3.0 mln vs profit 349,000 Revs 35.6 mln vs 49.3 mln Year Shr loss 2.87 dlrs vs loss 2.71 dlrs Net loss 8.4 mln vs loss 7.9 mln Revs 140.3 mln vs 169.2 mln NOTE:earnings reflect preferred dividend requirements, 1986 year includes...

Commodities and Trade

U.S. HOUSE PANEL EASES SOVIET EXPORT CONTROLS

The U.S. House Foreign Affairs Committee voted to ease restrictions on exports that are now kept from shipment to Soviet-bloc countries but are no longer a threat to U.S. national security. The Democratic-controlled committee said the administration's export control policies, which restrict shipment o...

Corporate News

U.S. EXPORTERS REPORT 200,000 TONNES CORN SWITCHED FROM UNKNOWN TO USSR FOR 1986/87

Industrial and Sector News

BALDRIGE SAYS CHANGES NEEDED IN EXCHANGE RATES OF CURRENCIES PEGGED TO DOLLAR

Commodities and Trade

CHARTER CO 4TH QTR NET PROFIT 118.8 MLN DLRS VS LOSS 13 MLN DLRS

Corporate News

ALEXANDER'S <ALX> 2ND QTR ENDS FEB 27 NET

Shr 57 cts vs 72 cts Shr diluted 57 cts vs 66 cts Net 2,699,000 vs 3,250,000 Revs 190.8 mln vs 195.9 mln Six mths Shr 45 cts vs 84 cts Shr diluted 45 cts vs 79 cts Net 2,092,000 vs 3,784,000 Revs 304.2 mln vs 304.6 mln NOTE: includes a change in accounting for inv...

Other

STANADYNE <STNA>, UNITED TECHNOLOGIES END TALKS

Stanadyne Inc said it terminated discussions about its proposed purchase of United Technologies Corp's Diesel Systems <UTX> unit. The reason was not disclosed.

Other

FISONS PLC <FISN.L> YEAR TO END-1986

Shr 27.5p vs 24.3p Div 3.95p vs 3.34p making 6.5p vs 5.5p Pre-tax profit 85.1 mln stg vs 72.3 mln Turnover 702.6 mln vs 646.7 mln Tax 18.4 mln vs 15.2 mln Finance charges 4.1 mln vs 5.4 mln Minority interest 0.1 mln vs 0.5 mln Extraordinary debit, being closure and restructur...

Corporate News

CITICORP <CCI> RULES OUT CREDIT CARD PRICE WAR

American Express Co's <AXP> recent launch of a new "OPTIMA" credit card, with relatively low interest rates and fees, will increase competition with bank credit-card issuers but will not lead to a pricing war, a senior Citicorp offical said. "Over the next two to three years, a very interesting mar...

Financial Reports

NEW PROCESS CO <NOZ> SETS QTLY PAYOUT

New Process Co said it declared a quarterly dividend of 12-1/2 cts, the regular dividend it pays during the first three quarters of the year. The dividend is payable May 1 to shareholders of record April 10. Last year, New Process paid an annual dividend of 1.18 dlrs by paying 12-1/2 cts a share i...

Financial Reports

USDA REPORTS CORN SWITCHED TO USSR

The U.S. Agriculture Department said private U.S. exporters reported 200,000 tonnes of corn previously to unknown destinations have been switched to the Soviet Union. The corn is for delivery during the 1986/87 marketing year and under the fourth year of the U.S.-USSR Long Term Grain Supply Agreement....

Financial Reports

PETROLEUM EQUIPMENT TOOLS CO <PTCO> 4TH QTR

Shr loss 57 cts vs loss 30 cts Net loss 5.9 mln vs loss 3.2 mln Revs 5.6 mln vs 16.3 mln Year Shr loss 2.11 dlrs vs loss 95 cts Net loss 22.0 mln vs loss 9.9 mln Revs 29.3 mln vs 66.3 mln

Financial Reports

SUNDOR GROUP BUYS DWG <DWG> UNIT'S ASSETS

<Sundor Group Inc> said it purchased DWG Corp's Texun Inc's line of regional juice products. The purchase terms were not disclosed, the company said.

Corporate News

QUICK AND REILLY GROUP <BQR> 4TH QTR FEB 28

Shr 72 cts vs 57 cts Net 4.5 mln vs 3.6 mln Revs 25.1 mln vs 21.9 mln Year Shr 2.47 dlrs vs 1.87 dlr Net 15.6 mln vs 11.8 mln Revs 89.1 mln vs 73.3 mln

Financial Reports

HAYES-ALBION <HAY> COMPLETES GOING PRIVATE DEAL

Hayes-Albion Corp said its shareholders approved a plan to merge with and become a wholly onwed subsidiary of privately held Harvard Industries Inc. St. Louis-based Harvard Industries, a manufacturer and distributor of automobile supplies, held 80 pct of Hayes following completion of a 13 dlrs a share c...

Corporate News

CHARTER CO <QCHR> 4TH QTR OPER LOSS

Oper shr loss one ct vs loss four cts Oper net loss 336,000 vs profit 2,631,000 Revs 237.2 mln vs 382.3 mln Avg shrs 47.4 mln vs 16.5 mln Year Oper shr profit 21 cts vs profit 12 cts Oper profit 9,922,000 vs profit 15.1 mln Revs 1.1 billion vs 1.6 billion Avg shrs 47.4 ...

Financial Reports

CHAMPION PRODUCTS <CH> APPROVES STOCK SPLIT

Champion Products Inc said its board of directors approved a two-for-one stock split of its common shares for shareholders of record as of April 1, 1987. The company also said its board voted to recommend to shareholders at the annual meeting April 23 an increase in the authorized capital stock from fiv...

Financial Reports

MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO THREE PCT - CREDIT SUISSE

Corporate News

NUMEREX CORP <NMRX> 2ND QTR JAN 31 LOSS

Shr loss seven cts vs profit five cts Net loss 149,421 vs profit 103,120 Sales 1,698,345 vs 1,920,010 Six Mths Shr loss five cts vs profit nine cts Net loss 100,472 vs profit 191,614 Sales 3,836,794 vs 3,650,322

Corporate News

BALDRIGE SUPPORTS NIC TALKS ON CURRENCIES

Commerce Secretary Malcolm Baldrige said he supported efforts to persuade newly-industrialized countries (NICS) to revalue currencies that are tied to the dollar in order to help the United States cut its massive trade deficit. "We do need to do something with those currencies or we will be substituti...

Financial Reports

CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE

Financial Reports

EASTMAN KODAK CO TO SELL HOLDINGS IN ICN PHARMACEUTICALS AND VIRATEK INC

Commodities and Trade

TREASURY BALANCES AT FED ROSE ON MARCH 23

Treasury balances at the Federal Reserve rose on March 23 to 3.332 billion dlrs from 3.062 billion dlrs on the previous business day, the Treasury said in its latest budget statement. Balances in tax and loan note accounts fell to 15.513 billion dlrs from 17.257 billion dlrs on the same respective day...

Financial Reports

USX <X> USS UNIT RAISES PRICES

USX Corp's USS subsidiary said that effective with shipments beginning July 1 prices for all leaded grades and 1200-series grades of hot rolled bar and semi-finished products from its Lorain, Ohio, facility will be increased by 15 dlrs a ton over the prices in effect June 1. It said the increase is bein...

Market and Economy

UNIONIST URGES RETALIATION AGAINST JAPAN

William Bywater, president of the International Union of Electronic Workers, called on President Reagan to retaliate against Japan for unfair practices in semiconductor trade. He said in a statement a crash program was needed in the semiconductor industry to prevent the United States from becoming "on...

Other

ZAIRE AUTHORIZED TO BUY PL 480 RICE - USDA

Zaire has been authorized to purchase about 30,000 tonnes of U.S. rice under an existing PL 480 agreement, the U.S. Agriculture Department said. It may buy the rice, valued at 5.5 mln dlrs, between March 31 and August 31, 1987, and ship it from U.S. ports by September 30, the department said. The ...

Other

MIDIVEST ACQUIRES ASSETS OF BUSINESS AVIATION

<Midivest Inc> said it acquired all the assets of <Business Aviation Inc> of Sioux Falls, S.D., for an undisclosed amount of stock. Midivest said it expects to sell 10 to 20 of the renovated Beechcraft planes next year. It said management will also lease these airborne intensive care units to hosp...

Corporate News

U.S. WHEAT CREDITS FOR JORDAN SWITCHED

The Commodity Credit Corporation (CCC) has switched 25.0 mln dlrs in wheat credit guarantees to Jordan under the Export Credit Guarantee Program to the Intermediate Export Credit Guarantee Program, the U.S. Agriculture Department said. The switch reduces the total value of GSM-102 guarantees for the c...

Other

DOLLAR EXPECTED TO FALL DESPITE INTERVENTION

Central bank intervention in the foreign exchange markets succeeded in staunching the dollar's losses today, but senior dealers here believe the U.S. currency is headed for a further retreat. Although the intervention was widespread, dealers perceive that the six major industrial nations have differing ...

Financial Reports

EASTMAN KODAK <EK> TO SELL HOLDINGS

Eastman Kodak Co said it plans to sell its 2.3 pct holding in ICN Pharmaceuticals <ICN> and part of its nine pct holdings in Viratek <VIRA>. It said the purpose of the investments had been to lay the groundwork for the creation of its Nucleic Acid Research Institute. Since that has been achi...

Corporate News

FIRM REDUCES SCEPTRE RESOURCES <SRL> HOLDINGS

Montreal-based Noverco Inc told the Securities and Exchange Commission it reduced its stake in Sceptre Resources Ltd to 1,232,200 shares or 4.8 pct of the total outstanding. Noverco said it sold off 400,500 shares "to reduce the investment of Noverco in Sceptre." "Additional common shares of Scept...

Corporate News

<ACKLANDS LTD> 1ST QTR FEB 28 NET

Shr three cts vs 11 cts Net 126,000 vs 434,000 Revs 84.0 mln vs 80.2 mln Avg shrs 4,948,731 vs 3,870,511

Commodities and Trade

PHILIPPINE PLANNING CHIEF URGES PESO DEVALUATION

The Philippines must devalue the peso if it wants its exports to remain competitive, Economic Planning Secretary Solita Monsod told Reuters. "The peso/dollar rate has to be undercut to make our exports more competitive," Monsod said an interview. "No question about it. I'm saying you cannot argue with s...

Corporate News

BULL AND BEAR GROUP A <BNBGA> CUTS FUND PAYOUTS

Bull and Bear Group A said it lowered its monthly dividends on three of its funds. It said it lowered its Tax Free Income Fund <BLTFX> to 10.3 cts from 10.6 cts; its U.S. Government Guaranteed Securities Fund <BBUSX> to 11.5 cts from 11.8 cts; and its High Yield Fund <BULHX> to 14 cts from 14.2...

Commodities and Trade

CALTEX TO RAISE BAHRAIN OIL PRODUCT PRICES

Caltex Petroleum Corp said it will raise posted prices for naphtha and several grades of residual fuel in Bahrain, effective March 25. Caltex, a joint venture of Chevron Corp <CHV> and Texaco INC <TX>, said its naphtha posting is up four cts a gallon to 43 cts. It said it is raising its marine ...

Corporate News

CHARTER CO <QCHR> TO COMPLETE REORGANIZATION

Charter Co, the huge petrochemical concern in bankruptcy proceedings stemming from hundreds of dioxin-related claims, said it and all of its subsidiaries, except the Independent Petrochemical Corp, will complete their reorganization on March 31. It said that on that date, it will deposit with an escrow ...

Commodities and Trade

NASHUA <NSH> TO PURCHASE PRIVATE DISC MAKER

Nashua Corp said it signed a letter of intent to purchase <Lin Data Corp>, a private manufacturer of high-capacity rigid discs for storage of computer data. Under the terms of the letter, Nashua said it will acquire all classes of Lin stock for 24 mln dlrs. In addition, it said it will loan Lin 1,2...

Corporate News

ALTRON INC <ALRN> 4TH QTR JAN 3

Shr loss 56 cts vs loss five cts Net loss 1.9 mln vs loss 164,000 revs 6.9 mln vs 5.4 mln Year Shr loss 1.15 dlrs vs profit 52 cts Net loss 3.8 mln vs profit 1.7 mln Revs 25.6 mln vs 29.8 mln NOTE: 1987 net loss includes loss 6.5 mln dlrs for nonrecurring reserve for closin...

Commodities and Trade

GENCORP <GY> PROPOSALS WITHDRAWN FROM MEETING

GenCorp Inc said it withdrew from consideration at its annual meeting on March 31 proposals aimed at providing for a stock split and an increased dividend so that it could focus its energies on responding to the takeover offer made last week by a partnership of AFG Industries Inc <AFG> and Wagner and Bro...

Financial Reports

API SAYS DISTILLATE STOCKS OFF 4.07 MLN BBLS, GASOLINE OFF 2.69 MLN, CRUDE UP 8.53 MLN

Corporate News

U.K. CLEARS CONS GOLD U.S. PURCHASE

The U.K. Trade Department said it would not refer Consolidated Goldfields Plc's <CGLD.L> purchase of <American Aggregates Corp> to the Monopolies Commission. Cons Gold said last month that its <ARC America Corp> unit had agreed to buy the Ohio-based company for 30.625 dlrs a share cash, or 242 ...

Commodities and Trade

VERMONT FINANCIAL SERVICES <VFSC> SETS PAYOUT

Vermont Financial Services Corp said its board approved a regular 20 cts per share cash dividend payable April 25 to shareholders of record March 26.

Commodities and Trade

RESORTS INTERNATIONAL GETS BUYOUT PROPOSAL FROM KSZ CO INC

Other

GREAT ATLANTIC AND PACIFIC TEA CO INC <GAP> DIV

Qtly div 10 cts vs 10 cts prior Payable May one Record April 15

Commodities and Trade

GARTNER GROUP <GART> ACQUIRES COMTEC PROGRAM

Gartner Group Inc said it acquired sole ownership of the COMTEC Market Research Program. Gartner said its wholly-owned subsidiary purchased the interests of its former partners for an aggregate price of 1,125,000 plus a percentage of net sales proceeds on future sales of certain products. Prior to...

Commodities and Trade

RESORTS INT'L <RT.A> RECEIVES TAKEOVER OFFER

Resorts International Inc said it received a proposal from <KSZ Co Inc> under which holders of Resorts class B stock would receive 140 dlrs a share in cash and one share of common stock in a new company to be formed through the takeover. Under the offer, Resorts said holders of its class A shares w...

Market and Economy

CITICORP <CCI> SEES DOUBLING IN RETAIL BANK NET

Citicorp expects net income in its individual banking sector to top one billion dlrs by 1993, compared with 462 mln dlrs in 1986, said Richard Braddock, head of Citicorp's individual banking division. "We can double our earnings over the next five to seven years," he told a banking analysts meeting, add...

Financial Reports

WD-40 CO <WDFC> 2ND QTR FEB 28 NET

Shr 35 cts vs 40 cts Net 2,642,000 vs 3,017,000 Sales 19.1 mln vs 18.9 mln Six Mths Shr 69 cts vs 70 cts Net 5,178,000 vs 5,299,000 Sales 35.6 mln vs 33.8 mln

Other

BRAZIL COMPUTER MARKET TO REMAIN CLOSED-MINISTER

Brazilian Science and Technology Minister Renato Archer said Brazil will keep its computer market closed to foreign goods in order to give its own infant industry time to develop. "Every country establishes laws to protect its interests. The United States closed their borders at a certain stage to som...

Other

NORTHERN INDIANA PUBLIC SVC <NI> AGAIN OMITS DIV

Northern Indiana Public Service Company said it again omitted its quarterly common stock dividend which would have been payable in May. NIPSCO said it has not paid a qtly dividend since December 1985 following an adverse decision by the Indiana Supreme Court denying amortization of about 191 mln dlrs NI...

Commodities and Trade

FED'S JOHNSON SAYS DOLLAR STABILIZED AFTER FED TOOK APPROPRIATE ACTION

Corporate News

FED CHAIRMAN VOLCKER SAYS BANK PROPOSALS A WORRY

The chairman of the Federal Reserve Board, Paul Volcker, has written to the chairman of the House Banking Committee to raise concerns about legislative proposals scheduled for consideration Wednesday. Volcker told committee chairman Fernand St. Germain a proposal to deny primary dealer status to firms f...

Other

BORMAN'S INC <BRF> DECLARES QTLY DIVIDEND

Qtly div five cts vs five cts prior Pay June 15 Record May 18

Corporate News

U.S. CORN ACREAGE SEEN NEAR RECORD LOW

U.S. corn acreage this year is likely to drop to the lowest level since the unsurpassed acreage reductions of the 1983 PIK year and could rank as one of the lowest corn plantings in the United States in sixty years, Agriculture Department officials said. USDA releases its official plantings report on M...

Commodities and Trade

KIRSCHNER <KMDC> COMPLETES PURCHASE

Kirschner Medical corp said it completed the acquisition of Minnesota Mining and Manufacturing's <MMM> orthopedic metal implant line division. The acquisition price is 12.0 mln dlrs in cash, a six mln dlr three year note and 100,000 shares of Kirschner common stock. The division had sales of 11...

Corporate News

U.S. SENATORS SEEK TO EXPAND USDA EXPORT BONUS

Leading U.S. farm state senators are seeking to insert into the Senate's omnibus trade bill a provision that would broaden eligibility requirements under the U.S. Agriculture Department's export enhancement program, EEP, to include traditional buyers of U.S. farm products, including the Soviet Union, Senate...

Financial Reports

FED'S JOHNSON SAYS FED ACTED TO STABILIZE DOLLAR

Federal Reserve Board Vice Chairman Manuel Johnson said the dollar has stabilized against other currencies after action taken by the Fed. "We have taken the appropriate action and the dollar has stabilized," Johnson said after testifying to a House Banking subcommittee. He did not elaborate on the...

Financial Reports

MARYLAND NATIONAL <MDNT> SEES NEW NAME

Maryland National Corp, the parent of Maryland National Bank which earlier this month merged with American Security Bank, said its shareholders will vote on a new name for the regional bank holding company at its April 29 annual meeting. It said MNC Financial Inc is the proposed new name for the paren...

Corporate News

VENEZUELA TO ANNOUCE PARTNER FOR COAL VENTURE

Petroleos de Venezuela S.A will announce within two weeks the name of a foreign consortium it has chosen to help exploit the coal deposits at Guasare in western Zulia state, PDVSA president Juan Chacin Guzman said. Chacin told reporters the foreign partner will provide capital as well as technical and m...

Corporate News

GOTTSCHALKS INC <GOT> 4TH QTR NET

Shr 37 cts vs 50 cts Net 2,776,000 vs 2,756,000 Sales 46.9 mln vs 38.8 mln Avg shrs 7,508,000 vs 5,550,000 Year Shr 58 cts vs 55 cts Net 4,021,000 vs 3,005,000 Sales 125.9 mln vs 112.8 mln Avg shrs 7,090,000 vs 5,500,000

Corporate News

BORG-WARNER SAYS IT DISCUSSED POSSIBLE TAKEOVER WITH IRWIN JACOBS

Financial Reports

CYCLOPS CORP SAYS CYACQ'S AMENDED OFFER RESTATES ORIGINAL CONDITIONS

Corporate News

U.S. SUGAR QUOTA MAY BE EASED, CONGRESSMAN SAYS

The United States may soon ease its 1987 sugar import quota of one mln short tons by bringing forward to the third quarter some shipments scheduled for the fourth quarter of 1987, Jerry Huckaby, a leading Congressman representing sugar growers told Reuters in an interview. Huckaby, a Louisiana Democrat ...

Market and Economy

CALIFORNIA MICROWAVE <CMIC> TAKES 3RD QTR CHARGE

California Microwave Inc said it will take non-recurring charges of 9.7 mln dlrs to pre-tax earnings in the third quarter ended March 31. The company said earnings from operations in the second half, ending June 30, 1987, excluding the charges, are expected to be in the break-even range. In the se...

Commodities and Trade

CRS SIRRINE PLANS MAJOR RESTRUCTURING, WRITE OFF OF UP 43 MLN DLRS

Corporate News

H.F. AHMANSON AND CO <AHM> QTLY DIVIDEND

Shr 22 cts vs 22 cts prior qtr Pay June one Record May 12

Other

BORG-WARNER <BOR> TELLS OF TALKS WITH JACOBS

Borg-Warner Corp said it has had discussions with Irwin Jacobs on his interest in the possibility of Minstar Inc <MNST>, a Jacobs controlled company, being given access to certain non-public information about Borg-Warner. In late February, an investor group headed by Jacobs offered 44 dlrs a share,...

Commodities and Trade

CANADA VOWS TO FIGHT U.S. POTASH ACTION

External Affairs Minister Joe Clark today vowed to do everything possible to fight the U.S. action against Canadian potash exports, but also warned against raising the alarm too early in the dispute. In the latest flashpoint in Canadian-U.S. trade relations, the U.S. International Trade Commission ruled...

Financial Reports

TRINTOC, UNION CARBIDE TO BUILD METHANOL PLANT

Trinidad and Tobago is finalizing arrangements with Union Carbide <UK> of the United States and Snamprogetti of Italy for the construction of a 1,500 tonnes per day methanol plant, Energy Minister Kelvin Ramnath said. Ramnath said the ministry is now holding talks with Union Carbide on the price of...

Other

VOLCKER CALLS DOLLAR SLIDE ENOUGH

Federal Reserve Board Chairman Paul Volcker said that the dollar's slide in currency markets has been enough, a Fed spokesman said. The spokesman confirmed that Volcker, who spoke to a group of financial analysts, said in answer to a question about the dollar's recent slide that "enough is enough." ...

Commodities and Trade

ZAIRE ACCEPTS TIN-EXPORT QUOTA, ATPC SAYS

Zaire agreed to limit its tin exports to 1,736 tonnes for 12 months from March 1 in line with an Association of Tin Producing Countries (ATPC) plan to curb exports, the ATPC said. ATPC Executive Director Victor Siaahan told Reuters he received a telex from Zaire indicating its willingess to take part ...

Other

RB INDUSTRIES <RBI> COMPLETES STORE SALES

RB Industries Inc said it completed the sale of its W and J SLoane Division to Laurence Crink Jr and a group of investors. The definitive agreement provides for a closing on April 1, 1987. The division consists of four W and J Sloane furniture store in Los Angeles and Orange counties. RB Industrie...

Corporate News

GENCORP <GY> TAKEOVER GROUP CANCELS HEARING

The investor group seeking to acquire GenCorp Inc said it agreed to cancel a court hearing after GenCorp withdrew three proposals that, if approved, would have made it more costly and difficult to acquire the Akron, Ohio-based company. Earlier today GenCorp said it will not ask shareholders to approve...

Financial Reports

GENCORP <GY> FIXES RIGHTS SEPARATION DATE

Gencorp Inc said that because it is continuing to evaluate General Acquisition Inc's tender offer it has fixed April 3, subject to further extension, as the date the rights to purchase preferred shares will trade separately from the common stock as a result of the tender offer. This extension of the exp...

Corporate News

AMERICAN INTERNATIONAL <AIG> SELLS AFRICAN UNIT

American International Group Inc said it sold its South African subsidiary, American International Insurance Co Ltd, to Johannesburg Insurance Holdings Ltd, a holding company owned by a consortium of shareholders led by Rand Merchant Bank. Terms were not disclosed and company officials were unavailabl...

Corporate News

OXFORD INDUSTRIES INC <OXM> 3RD QTR FEB 27

Shr 25 cts vs 21 cts Net 2.8 mln vs 2.3 mln Revs 135.0 mln vs 119.0 mln Nine months Shr 80 cts vs 70 cts Net 8.9 mln vs 7.7 mln Revs 407.7 mln vs 403.7 mln

Market and Economy

PORTUGAL MAY HAVE PURCHASED U.S. CORN

Portugal may have purchased a 30,000 tonne cargo at its tender today for up to 43,000 tonnes of number two yellow corn (14.5 pct maximum moisture) for arrival by April 30, shipment via Gulf ports, U.S. exporters said.

Market and Economy

TAIWAN TENDERING THURSDAY FOR U.S. CORN

Taiwan will tender Thursday, March 26, for a total of 356,000 tonnes of U.S. number two yellow corn (14.5 pct moisture) for various Sept/Dec shipments via Gulf or Pacific Northwest ports, U.S. exporters said.

Other

SRI LANKA TENDERING OVERNIGHT FOR WHEAT

Sri lanka will tender overnight for 52,500 tonnes of U.S., Canadian and/or Australian wheats for April 8/16 shipment, under the Export Enhancement Program if U.S. origin, U.S. exporters said.

Financial Reports

<DIGIGRAPHIC SYSTEMS CORP> 4TH QTR OPER LOSS

Oper shr loss one ct vs loss seven cts Oper net loss 80,640 vs loss 787,738 Revs 933,183 vs 3,346,627 Avg shrs 6,122,378 vs 8,451,578 Year Oper shr loss 75 cts vs loss 1.10 dlrs Oper net loss 5,120,206 vs loss 9,288,996 Revs 5,846,962 vs 18,679,090 Avg shrs 6,805,951 vs...

Other

BAYOU <BYOU> IN DEFINITIE MERGER AGREEMENT

Bayou Resources Inc said it reached an definite agreement to be acquired by Patrick Petroleum Co through a stock and cash transaction valued at six dlrs per Bayou share. Bayou also reported net loss of three cts or 23,024 dlrs for the fourth quarter compared with a net income of 10,128 dlrs or one cts...

Corporate News

TRANSCONTINENTAL <TGP> FILES NEW OFFER

Transcontinental Gas Pipe Line Corp said that it is not willing to accept the Federal Energy Regulatory Commission's conditioned approval of its proposed offer of settlement dated May 13. Transco said it filed a revised settlement proposal which would permit it to become an open access transporter while...

Financial Reports

COMPUTER IDENTICS CORP <CIDN> 4TH QTR

Shr loss 44 cts vs loss 20 cts Net loss 2.4 mln vs loss 880,000 Revs 2.4 mln vs 2.6 mln Year Shr loss 87 cts vs loss 11 cts Net loss 4.3 mln vs loss 494,000 Revs 9.0 mln vs 12.0 mln NOTE:1986 includes restructuring charges of 2.1 mln dlrs and loss of foreign affiliates of 2...

Financial Reports

FLEET TO ACQUIRE ASSETS OF MARK IV <IV> UNIT

<Fleet Aerospace Corp> said it agreed in principle to acquire the assets and operations of the Engineered Magnetics division of Gulton Industries Inc, a unit of Mark IV Industries Inc. Terms were undisclosed. Los Angeles-based Engineered Magnetics designs and produces custom power conversion sy...

Other

MIKRON INSTRUMENT CO <MIKR> 1ST QTR JAN 31

Shr three cts vs four cts Net 30,969 vs 18,230 Revs 956,971 vs 702,994

Commodities and Trade

GOLDEN NORTH HAS ENCOURAGING DRILL RESULTS

Golden North Resource Corp said said surface and underground drilling on the Canty project and Mascot fraction at its Nickel Plate Mountain property in British Columbia returned encouraging gold assays. It said one Canty hole encountered several mineralized intervals including 11 feet grading 0.342 ounc...

Corporate News

AUSTN FEB ANNUAL M3 MONEY SUPPLY RISES 11.2 PCT

The annual growth of Australia's m3 money supply rose by 11.2 pct in the year ended February compared with January's 10.7 pct, the Reserve Bank said. This was down from 14.0 pct in February last year. In February m3 rose by 0.6 pct compared with 0.8 in January and a February 1986 rise of 0.1 pct. ...

Corporate News

PS GROUP <PSG>, USAIR <U> MOVE UP DEADLINE

PS Group Inc said it and USAir Group agreed to move up the completion date of USAir's acquisition of Pacific Southwest Airlines to April 30 from September 30 originally. If the acquisition does not take place by April 30, either party may terminate the agreement, the company said. The deadline has...

Financial Reports

MERGERS, PUBLIC OFFERS SEEN AMONG CAR DEALERS

Automobile dealerships have become large, multi-store operations, and the largest sell more than 1 billion dlrs a year worth of vehicles a year. Around the auto industry there is talk of mergers and buyouts among dealerships, and there are rumors that the largest are considering offering shares to the p...

Commodities and Trade

COMPREHENSIVE CARE CORP <CMPH> 3RD QTR NET

Qtr ended Feb 28 Shr 17 cts vs 22 cts Net 2,041,000 vs 3,329,000 Revs 46.6 mln vs 48.9 mln Nine mths Shr 65 cts vs 82 cts Net 9,290,000 vs 12.7 mln Revs 142.7 mln vs 139.8 mln

Corporate News

CHAPMAN <CHPN> IN RESTRUCTURING

Chapman Energy INc said it is launching a major restructuring which, if not approved, it will have no alternative but to seek protection under Chapter 11. Under the plan, Chapman will exchange securities and cash for all outstanding 12 pct senior subordinated debentures due 2000 and will sell a controll...

Commodities and Trade