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NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY
| The Bundesbank is unlikely to change
its credit policies at its central bank council meeting on
Thursday, as exchange rates and short-term interest rates have
stabilized over the past few weeks, money market dealers said.
Attention in the money market is focused on tomorrow's
tender for a securities rep... | Financial Reports |
<PALOMA PETROLEUM LTD> YEAR NET
| Shr 32 cts vs 29 cts
Net 3,320,206 vs 2,990,695
Revs 13.5 mln vs 14.9 mln
| Corporate News |
U.K. MONEY MARKET SURPLUS REVISED TO 250 MLN STG
| The Bank of England said it revised up
its forecast of today's surplus in the money markets to 250 mln
stg from its earlier estimate of a 150 mln.
The central bank has not operated in the market today.
| Financial Reports |
<AMERICAN RESOURCE CORP LTD> YEAR NET
| Shr five cts vs 51 cts
Net 2,300,000 vs 22,500,000
Revs not given
Note: Prior shr and net include 20.3 mln U.S. dlr gain on
sale of equity holdings
Results in U.S. funds
| Corporate News |
WASTE MANAGEMENT ENDS TENDER OFFER FOR CHEMLAWN
|
WASTE MANAGEMENT ENDS TENDER OFFER FOR CHEMLAWN
| Commodities and Trade |
WEST GERMAN JAN COFFEE IMPORTS DOWN ON YEAR-AGO
| West German gross green coffee imports
in January fell sharply to 38,616 tonnes from 54,576 in January
last year, figures from the Federal Statistics Office show.
Imports of decaffeinated unroasted coffee were 396 tonnes
against nil a year earlier.
| Commodities and Trade |
ONE VALLEY BANCORP <OVWV> RAISES QUARTERLY
| Qtly div 26 cts vs 25 cts prior
Pay April 15
Record March 31
NOTE: One Valley Bancorp of West Virginia Inc.
| Corporate News |
NATIONAL DATA CORP <NDTA> 3RD QTR FEB 28 NET
| Shr 31 cts vs 26 cts
Net 3,516,000 vs 2,972,000
Revs 40.0 mln vs 36.3 mln
Avg shrs 11.4 mln vs 11.2 mln
Nine mths
Shr 89 cts vs 73 cts
Net 10.0 mln vs 8,146,000
Revs 116.8 mln vs 105.0 mln
Avg shrs 11.3 mln vs 11.1 mln
| Other |
NVHOMES <NVH> SETS TWO-FOR-ONE SPLIT
| NVHomes LP said its board declared
a two-for-one split of Class A units, payable to shareholders
of record on April 20.
It said certificates will be distributed about two weeks
after the record date.
| Other |
VANGUARD TECHNOLOGIES INTERNATIONAL INC <VTI>
| Shr 19 cts vs 10 cts
Net 653,464 vs 287,606
Revs 10.6 mln vs 7,600,000
Year
Shr 68 cts vs 46 cts
Net 2,309,181 vs 1,408,813
Revs 38.4 mln vs 26.0 mln
| Corporate News |
THOMSON MCKINNON U.S. GOVERNMENT FUND DIVIDEND
| Mthly div 7.3 cts vs 7.5 cts in prior month
Payable April six
Record Marcxh 30
| Corporate News |
THOMSON MCKINNON INCOME FUND DIVIDEND
| Mthly div 8.5 cts vs 9.2 cts in prior month
Payable April six
Record Marcxh 30
| Industrial and Sector News |
(OAKRIDGE HOLDINGS INC) 2ND QTR DEC 31 NET
| Shr 48 cts vs four cts
Net 882,000 vs 82,000
Sales 968,000 vs 784,000
Six mths
Shr 53 cts vs 11 cts
Net 970,000 vs 202,000
Sales 2,001,000 vs 1,521,000
NOTE: 1986 net includes a gain of 26 cts a share from the
sale of a funeral home, and tax credits of 20 cts. 1985 net
in... | Financial Reports |
GENERAL COMPUTER CORP <GCCC> 3RD QTR FEB 28 NET
| Shr 10 cts vs 20 cts
Net 146,000 vs 230,000
Revs 3,766,000 vs 3,271,000
Avg shrs 1,458,000 vs 1,125,000
Nine mths
Shr 15 cts vs 58 cts
Net 212,000 vs 653,000
Revs 10.6 mln vs 9,561,000
Avg shrs 1,458,000 vs 1,125,000
| Corporate News |
BRIERLEY OFFER FOR PROGRESSIVE STILL VALID
| <Brierley Investments Ltd>, (BIL),
said its offer of 4.20 N.Z. Dlrs per share for supermarket
group <Progressive Enterprises Ltd> still stands, although
<Rainbow Corp Ltd> said today it has 52 pct of Progressive.
BIL said in a statement it will review events on a daily
basis.
Rainbow anno... | Other |
AVATAR HOLDINGS INC <AVTR> YEAR NET
| Oper shr 32 cts vs seven cts
Oper net 2,599,000 vs 550,000
Revs 94.4 mln vs 69.4 mln
NOTE: Net excludes tax credits of 1,405,000 dlrs vs
3,538,000 dlrs.
| Commodities and Trade |
NORWAY OFFERS 11TH LICENCE ROUND OFFSHORE BLOCKS
| Norway has offered 10 new offshore blocks
to foreign and domestic applicants in the first phase of the
country's eleventh concession round, government officials said.
Company shares in each of the licences proposed by the Oil
and Energy Ministry are not final. The ministry has given the
companies 10 day... | Financial Reports |
PERCEPTION TECHNOLOGY <PCEP> TO TAKE CHARGE
| Perception Technology Corp said
it expects to take a charge of about 686,000 dlrs or 19 cts per
share against earnings for the second quarter ended March 31
due to the bankruptcy proceeding of customer T.C. of New York
Inc.
Perception said it has outstanding lease receivables from
T.C. of about 2,480,... | Corporate News |
Bundesbank buys dollars for yen - Frankfurt dealers
|
Bundesbank buys dollars for yen - Frankfurt dealers
| Other |
REUTERS TO BUY I P SHARP OF CANADA
| Reuters Holdings Plc <RTRS.L> said it
had agreed in principle to buy <I P Sharp Associates Ltd> of
Toronto for 30.4 mln stg.
Sharp is a time-sharing network and database company
specialising in finance, economics, energy and aviation. It
operates a global packet-switching network and global limits... | Corporate News |
HORIZON BANK <HRZB> SETS STOCK SPLIT
| Horizon Bank said its board
declared a three-for-two stock split, payable April 21 to
holders of record April Seven.
| Corporate News |
WASTE <WMX> ENDS OFFER FOR CHEMLAWN <CHEM>
| Waste Management Inc said its
wholly owned subsidiary, WMX Acquisition Corp, ended its tender
offer to buy shares of ChemLawn Corp at 35 dlrs a share.
All shares tendered to Waste Management will be returned to
shareholders as soon as practical, it said.
Earlier this week, ChemLawn agreed to accept ... | Market and Economy |
<ACKERLY COMMUNICATIONS INC> YEAR LOSS
| Shr loss 1.44 dlrs vs loss 1.50 dlrs
Net loss 10.1 mln vs loss 8,866,000
Revs 122.3 mln vs 112.5 mln
Avg shrs 7,671,855 vs 6,520,928
| Corporate News |
UNITED MEDICAL <UM> TO SELL UNIT
| United Medical Corp said it
has reached a definitive agreement to sell its hospital
distribution unit to <Myriad Group Inc> for undisclosed terms,
with closing expected in the next several weeks.
| Commodities and Trade |
ITALY CONSUMER PRICES RISE 0.4 PCT IN FEBRUARY
| Italy's consumer price index rose 0.4 pct
in February compared with January after rising 0.6 pct in
January over December, the national statistics institute
(Istat) said.
The year-on-year rise in February was 4.2 pct down from 4.5
pct in January and compared with 7.6 pct in February 1986.
Istat sa... | Financial Reports |
CCC ACCEPTS BONUS BID ON CATTLE FOR EGYPT - USDA
| The Commodity Credit Corporation has
accepted a bid for an export bonus to cover the sale of 760
head of dairy cattle to Egypt, the U.S. Agriculture Department
said.
The delivery period for the cattle is April, 1987-June,
1988, it said.
The bonus of 1,870.00 dlrs per head was made to Esmah
Nevad... | Market and Economy |
THATCHER DEFENDS UK OIL POLICY IN SAUDI INTERVIEW
| British Prime Minister Margaret Thatcher
denied in an interview published in Saudi Arabia today that her
government's oil policy contributed to weakness in world oil
prices.
She said the government was determined not to intervene to
influence production decisions by oil companies operating in
the Nort... | Industrial and Sector News |
MARCH PRICES FELL IN GERMAN STATE ON YEAR-AGO
| The cost of living in North
Rhine-Westphalia, Germany's most populous state, fell 0.1 pct
in the month to mid-March to stand 0.5 pct lower than at the
same time a year earlier, the regional statistics office said.
Prices had risen 0.3 pct in the month to mid-February but
had fallen 0.7 pct year-on-year.... | Other |
BUNDESBANK BUYS DOLLARS IN FRANKFURT - DEALERS
| The Bundesbank bought large amounts
of dollars for yen in an apparent attempt to hold the dollar
above 149 yen, dealers said.
The dollar intervention was in concert with some other
central banks, they said.
Dealers said the Bank of Japan and Bank of England
supported the dollar against the yen ear... | Corporate News |
CROSSLAND SAVINGS <CRLD>ACQUIRES WESTERN SAVINGS
| CrossLand Savings FSB said it has
acquired Western Savings and Loand Co with the assistance of
the Federal Savings and Loan Insurance Corp.
CrossLand said Salt Lake City based Western has been
combined with its two Florida-based thrift subsidiaries. The
parent company contributed 50 mln dlrs in cash to ... | Corporate News |
BANK OF ENGLAND DRAINS MONEY MARKET LIQUIDITY
| The Bank of England said it drained
liquidity from the money market when it sold 167 mln stg of
treasury bills due March 27 at rates between 9-9/16 and 10 pct.
Earlier, the bank estimated a surplus of around 250 mln stg
in the system today.
| Other |
<IVACO INC> YEAR NET
| Shr 1.11 dlrs vs 1.04 dlrs
Net 44,092,000 vs 35,145,000
Revs 1.94 billion vs 1.34 billion
Note: 1986 results include extraordinary gain of 1,035,000
dlrs or six cts a share from secondary share offering of Canron
unit.
| Corporate News |
MOBIL PLAN TO OPEN PEKING OFFICE, CHINA DAILY SAYS
| Mobil Corp <MOB.N> of the U.S. Plans to
open an office in Peking to develop oil exploration
opportunities in China, the China Daily said.
It quoted Mobil president Richard Tucker, currently in
Peking, as saying he is optimistic about investment prospects
in China and that Peking will continue to enco... | Financial Reports |
VICORP RESTAURANTS INC <VRES> 1ST QTR FEB 15 NET
| Shr profit 1.17 dlrs vs loss 12 cts
Net profit 11.3 mln vs loss 1,038,000
Revs 104.6 mln vs 128.7 mln
NOTE: Current year net includes gain 9,500,000 dlrs from
the sale of its specialty restaurants unit, charge 1,200,000
dlrs from addition to insurance reserves, 4,600,000 dlr tax
credit and 660... | Other |
COMMERZBANK TO ACQUIRE AND FLOAT LINOTYPE
| Commerzbank AG <CBKG.F> said it will
acquire <Linotype GmbH>, Europe's largest manufacturer of
type-setting and printing communications technology from Allied
Signal Inc <ALD.N> and float off the shares in the company.
Commerzbank declined to say how much it had paid for
Linotype.
Linotyp... | Financial Reports |
EC EXPORT LICENCES FOR 59,000 TONNES WHITE SUGAR AT REBATE 45.678 ECUS - FRENCH TRADERS
|
EC EXPORT LICENCES FOR 59,000 TONNES WHITE SUGAR AT REBATE 45.678 ECUS - FRENCH TRADERS
| Corporate News |
U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES
| A total 59,000 tonnes of current series
white sugar received export rebates of a maximum 45.678
European Currency Units (Ecus) per 100 kilos at today's
European Community (EC) tender, the U.K. Intervention Board
said.
Out of this, traders in West Germany received 34,750
tonnes, in the U.K. 13,000, in ... | Financial Reports |
PIONEER-STANDARD ELECTRONICS INC <PIOS> PAYOUT
| Qtly div three cts vs three cts prior
Pay May One
Record April Eight
| Other |
HOUSE WAYS AND MEANS CMTE FINISHES WORK ON BILL TO TOUGHEN TRADE LAWS
|
HOUSE WAYS AND MEANS CMTE FINISHES WORK ON BILL TO TOUGHEN TRADE LAWS
| Financial Reports |
FABRI-CENTERS <FCA> 4TH QTR ENDS JAN 31 NET
| Shr 40 cts vs 41 cts
Net 1,979,000 vs 2,101,000
Revs 67.7 mln vs 63.6 mln
12 mths
Shr 36 cts vs 20 cts
Net 1,798,000 vs 1,034,000
Revs 239.4 mln vs 233.2 mln
| Other |
TSENG LABORATORIES INC <TSNG> 4TH QTR NET
| Shr profit one ct vs loss nil
Net profit 200,052 vs loss 56,782
Revs 2,394,198 vs 706,393
Avg shrs 17.8 mln vs 19.8 mln
Year
Shr profit one ct vs profit one ct
Net profit 258,125 vs profit 164,553
Revs 4,225,731 vs 3,027,892
Avg shrs 17.9 mln vs 19.5 mln
| Corporate News |
PARK ELECTROCHEMICAL CORP <PKE> SETS PAYOUT
| Qtly div three cts vs three cts prior
Pay May 20
Record April 20
| Financial Reports |
BRAZIL SEAMEN SAY STRIKE NEAR END
| About half of Brazil's 40,000 seamen
have returned to work after accords with 22 companies, and the
national strike which began on February 27 looks close to
ending, a union spokesman said.
The spokesman, speaking from strike headquarters in Rio de
Janeiro, estimated that 80 ships were strike-bound.
... | Financial Reports |
KEY U.S. HOUSE PANEL FINISHES MAJOR TRADE BILL
| The House Ways and Means Committee
completed action on legislation to toughen U.S. trade laws,
chairman Dan Rostenkowski said.
The committee's consideration of one of the most
controversial provisions, a plan to force major trade surplus
countries to cut their trade imbalance with the United States,
w... | Financial Reports |
RUSS TOGS INC <RTS> 4TH QTR JAN 31 NET
| Shr 82 cts vs 76 cts
Net 4,200,000 vs 3,954,000
Sales 58.7 mln vs 60.6 mln
Year
Oper shr 2.68 dlrs vs 2.47 dlrs
Oper net 13.8 mln vs 13.0 mln
Sales 274.3 mln vs 276.8 mln
NOTE: Prior year net excludes loss 1,120,000 dlrs from
discontinued operations and loss on disposal of ... | Corporate News |
KLM TO TAKE 15 PCT STAKE IN AIR UK
| KLM Royal Dutch Airlines <KLM.A> said
it agreed to take a 15 pct stake in Air U.K. Ltd, a subsidiary
of British and Commonwealth Shipping Plc <BCOM.L>, in a
transaction worth around two mln stg.
A KLM spokesman said KLM already cooperated closely with Air
UK, which runs 111 flights a week to Amster... | Financial Reports |
THERMO PROCESS <TPSI> ACQUISITION TERMINATED
| Thermo Process Systems Inc said
its proposed acquisition of the Surface Combustion Division of
privately-held <Midland-Ross Corp> has been terminated because
mutually satisfactory terms could not be established.
| Financial Reports |
NORANDA RAISES PRIMARY ALUMINUM PRICES
| Noranda Aluminum Inc. said it has
increased its primary aluminum prices by two cents a lb,
effective with new orders as of March 25 and all shipments
beginning May 1.
The new price for unalloyed ingot will be 64.5 cents a lb
while the new price for extrusion billet will be 72.5 cents a
lb.
| Other |
SOVIET PAPER DETAILS GEORGIAN FLOOD DAMAGE
| Floods and avalanches killed 110 people
and caused around 350 mln roubles worth of damage in the
southern Soviet republic of Georgia earlier this year, the
government daily Izvestia said.
Some 80,000 hectares of agricultural land and gardens had
been inundated, damaging tea plantations and orange groves... | Corporate News |
UTILICORP <UCU> SEES HIGHER 1987 FIRST QUARTER
| Utilicorp United Corp
said it expects to report 1987 first quarter earnings of about
12 mln dlrs or about 1.12 dlrs a share and revenues of about
190 mln dlrs.
In the comparable quarter a year ago, Utilicorp earned 8.5
mln dlrs or 87 cts on revenues of 203 mln dlrs.
There are 9.6 mln shares outsta... | Corporate News |
TSENG <TSNG> SEES SALES INCREASE FIRST QTR 1987
| Tseng Laboratories Inc said it
expects first quarter 1987 sales to exceed total sales for the
entire 1986 year, and said it expects earnings for the quarter
to grow at a faster rate than sales.
Tseng posted total revenues for 1986 of 4,255,731, and net
income of 258,125, or 14 cts per share.
Jack ... | Corporate News |
STOCKHOLDER SYSTEMS <SSIAA> MAKES ACQUISITION
| Stockholder Systems Inc said it has
agreed in principle to acquire privately-held Software Concepts
Inc, which provides software for check processing, mortgage
application processing and safe deposit box accounting, for
undisclosed terms.
Software Concepts had revenues of about 3,200,000 dlrs for
the ... | Financial Reports |
CONCEPT INC <CCPT> 2ND QTR FEB 28 NET
| Shr 11 cts vs five cts
Net 656,000 vs 314,000
Sales 8,868,000 vs 6,499,000
Avg shrs 5,823,000 vs 5,705,000
1st half
Shr 22 cts vs 13 cts
Net 1,296,000 vs 795,000
Sales 17.3 mln vs 13.5 mln
Avg shrs 5,809,000 vs 5,973,000
NOTE: Share adjusted for five-for-four spli... | Financial Reports |
LIFE OF INDIANA CORP <LIFI> 4TH QTR LOSS
| Shr loss two cts vs profit six cts
Net loss 103,000 vs profit 319,000
Revs 4,357,000 vs 6,494,000
Avg shrs 5,415,185 vs 5,646,185
Year
Shr profit 22 cts vs profit 10 cts
Net profit 1,236,000 vs profit 570,000
Revs 22.2 mln vs 24.8 mln
Avg shrs 5,638,596 vs 5,646,185
... | Financial Reports |
B.F. SAUL REAL ESTATE INVESTMENT <BFS> PAYOUT
| Qtly div five cts vs five cts prior
Pay April 30
Record April 10
NOTE: B.F. Saul Real Estate Investment Trust.
| Financial Reports |
SOUTH AFRICA PROBLEMS REMAIN DESPITE DEBT PACT
| South Africa's new foreign debt
agreement sparked a rally in local financial markets, but
bankers and economists said the pact removes only one source of
anxiety from a still depressed economy.
"We have not gone from 'no confidence' to 'full confidence'
yet," commented one banker, who saw the agreement ... | Corporate News |
MAYTAG <MYG> SEES CAPITAL SPENDING UP IN 1987
| Maytag Co said it expects capital
spending in 1987 to increase to about 60 mln dlrs from 49 mln
dlrs in 1986.
Maytag chairman and chief executive officer Daniel Krumm
said the company plans a "significant" investment at its
Admiral refrigerator plant in Galesburg, Ill., as well as
continued spending f... | Financial Reports |
TRAVELERS <TIC> UNIT TO BUY REALTY DIVISIONS
| The Travelers Corp's Travelers
Mortgage Services said it signed a letter of intent to buy two
subsidiaries of the privately-held <Equitable Life Assurance
Society of the U.S.>
The company said it plans to acquire the Equitable
Relocation Management Corp and the Equitable Realty Network
Inc.
T... | Financial Reports |
COMMUNICATIONS AND CABLE INC <CCAB> 1ST QTR NET
| Oper shr seven cts vs loss nil
Oper net 988,000 vs loss 52,000
Revs 2,267,000 vs 791,000
NOTE: Net excludes gains from discontinued operations of
65,000 dlrs vs 75,000 dlrs.
Current year net includes gain 1,025,000 dlrs from sale of
cellular telephone investment.
Prior year figures r... | Corporate News |
3-MAR-1987 06:14:59.08
| 3-MAR-1987 06:14:59.08
| Other |
DALLAS INVESTOR CUTS STAKE IN MCDERMOTT (MDR)
| A group led by Dallas investor
Harold Simmons told the Securities and Exchange Commission it
had reduced its stake in McDermott International Inc by one
pct, to under five pct.
The group had said in a March 10 filing, announcing
acquisition of 5.4 pct of the firm's stock, that it might
consider seekin... | Financial Reports |
INTN'L PLATINUM, DEGUSSA IN JOINT VENTURE TALKS
| International Platinum Corp said it
signed a letter of intent to enter into further negotiations on
a joint venture exploration agreement with Degussa A.G., of
West Germany, regarding several North American platinum
properties.
Conclusion of the agreement is subject to completion of
further detailed e... | Other |
WESTWOOD ONE INC <WONE> 1ST QWTR FEB 28 NET
| Shr 12 cts vs eight cts
Net 1,440,000 vs 830,000
Revs 15.9 mln vs 11.2 mln
Avg shrs 12,342,000 vs 10,826,000
| Financial Reports |
IRAN SAYS HAS BETTER WEAPONS THAN SILKWORM
| Iranian Prime Minister Mir-Hossein
Mousavi said Iran had "more effective" missiles at its disposal
than the shore-to-sea missiles which had provoked U.S. Concern,
Tehran Radio reported.
A U.S. State Department spokesman said last week Iran had
acquired Chinese-made Silkworm missiles which posed a greate... | Financial Reports |
EC COMMISSION DETAILS SUGAR TENDER
| The European Community Commission
confirmed it granted export licences for 59,000 tonnes of
current series white sugar at a maximum export rebate of 45.678
European Currency Units (ECUs) per 100 kilos.
Out of this, traders in West Germany received 34,750
tonnes, in the U.K. 13,000, in Denmark 7,250 tonn... | Financial Reports |
TRICENTROL TO CONCENTRATE ON PROVEN RESERVES
| Tricentrol Plc <TCT.L> said it will
concentrate most of its efforts this year on its proven oil and
gas reserves in order to maximise benefits to shareholders in
the mid to long-term.
It said in a statement "We are confident that substantial
development funds will be available to Tricentrol and that ... | Financial Reports |
BROOKLYN UNION GAS CO <BU> SETS PAYOUT
| Qtrly div 41.5 cts vs 41.5 cts prior
Pay May One
Record April 6
| Financial Reports |
ARGENTINE PORT WORKERS TAKE INDUSTRIAL ACTION
| Argentine port workers began an
indefinite protest against safety conditions at the port of
Buenos Aires, stopping work for one hour per shift, a press
spokesman said.
He said three port workers had died over the last month in
accidents. He said the decision to take action was made after a
port worker... | Corporate News |
NOVAMIN SAYS IT RECEIVED PROPOSED TAKEOVER BID FROM BREAKWATER
|
NOVAMIN SAYS IT RECEIVED PROPOSED TAKEOVER BID FROM BREAKWATER
| Industrial and Sector News |
FED EXPECTED TO ADD RESERVES IN MARKET
| The Federal Reserve will probably
intervene in the government securities market to add reserves
today, economists said.
They expected the Fed will supply temporary reserves
indirectly via 1.5 to two billion dlrs of customer repurchase
agreements.
Fed funds hovered at a relatively high 6-1/4 pct th... | Financial Reports |
INDIA REPORTED BUYING TWO WHITE SUGAR CARGOES
| India is reported to have bought two
white sugar cargoes for April/May shipment at its tender today
near 227 dlrs a tonne cost and freight and could be seeking a
third cargo, traders said.
A British operator is believed to have sold one of the
cargoes, while an Austrian concern is thought to have featur... | Corporate News |
NOVAMIN IN PROPOSED BUYOUT BY BREAWATER <BWRLF>
| <Novamin Inc> said it received a
proposed takeover offer from Breakwater Resources Ltd involving
a swap of one Breakwater share for two Novamin common shares.
It said the proposal also called for conversion of
outstanding Novamin warrants into Breakwater common shares on
the same basis, provided the ... | Other |
LILLY INDUSTRIAL COATINGS INC <LICIA> 1ST QTR
| Feb 28 end
Shr 18 cts vs 13 cts
Net 1,541,000 vs 1,122,000
Sales 36.7 mln vs 33.5 mln
Avg shrs 8,517,000 vs 8,441,000
NOTE: Share adjusted for five pct stock dividend in August
1986.
| Corporate News |
COMMONWEALTY REALTY <CRTYZ>, BAY <BAY> END TALKS
| Commonwealth Realty Trust said
preliminary merger talks with Bay Financial Corp have been
terminated due to a failure to agree on terms.
| Commodities and Trade |
MET-PRO CORP <MPR> 4TH QTR ENDS JAN 31 NET
| Shr 19 cts vs 18 cts
Net 362,692 vs 347,868
Revs 6,311,808 vs 5,827,538
12 mths
Shr 60 cts vs 80 cts
Net 1,152,746 vs 1,534,503
Revs 24.7 mln vs 25.2 mln
| Other |
CENTRAL MAINE POWER CO <CTP> SETS QUARTERLY
| Qtly div 35 cts vs 35 cts prior
Pay April 30
Record April 10
| Other |
U.K. RESERVES SHOW UNDERLYING RISE IN FEBRUARY
| Britain's gold and currency reserves
showed an underlying rise of 287 mln dlrs in February, after a
72 mln dlrs rise in January, the Treasury said.
The underlying trend, which is a guide to Bank of England
operations to support the pound on foreign exchanges, is net of
borrowings and repayments.
T... | Financial Reports |
PEP BOYS <PBY> SETS SPLIT, RAISES QUARTERLY
| Manny, Moe and Jack Inc
said its board declared a three-for-one stock split and raised
the quarterly dividend to six cts presplit from 5-1/2 cts.
Both are payable July 27 to holders of record July One and
the
The split is subject to shareholder approval at the May 18
annual meeting of an increase ... | Corporate News |
PEP BOYS - MANNY, MOE AND JACK INC <PBY> 4TH QTR
| Jan 31 end
Shr 45 cts vs 37 cts
Net 8,349,000 vs 6,187,000
Sales 126.7 mln vs 103.7 mln
Year
Shr 1.55 dlrs vs 1.29 dlrs
Net 28.1 mln vs 21.1 mln
Sales 485.9 mln vs 388.9 mln
NOTE: Latest year net includes three cts shr gain from sale
of assets.
| Other |
HOVNANIAN ENTERPRISES <HOV> EARNINGS TO RISE
| Hovnanian Enterprises Inc said the
company's earnings for year would exceed the 1.65 dlrs a share
previously announced and could go as high as 1.75 dlrs for
fiscal year ended Feb 28, 1987.
The company posted net earnings of 11.5 mln dlrs, or 1.72
dlrs per share, on revenues of 199.3 mln dlrs for fiscal... | Financial Reports |
NY TRADERS SAY TURKEY MADE LARGE SUGAR PURCHASE
| Turkey bought an estimated 100,000
tonnes of white sugar from three trade houses today for April
to June shipment, according to trade sources.
They said a large U.K. trade house sold 50,000 tonnes, a
U.S. house traded 25,000 tonnes, and a Swiss-based dealer house
25,000 tonnes.
Price details were ... | Commodities and Trade |
JOHNSON SAYS FED'S ACTIONS YESTERDAY MEANT TO STABILIZE DOLLAR AT CURRENT LEVELS
|
JOHNSON SAYS FED'S ACTIONS YESTERDAY MEANT TO STABILIZE DOLLAR AT CURRENT LEVELS
| Corporate News |
SUNSTAR FOODS INC <SUNF> 2ND QTR FEB 28 NET
| Shr 23 cts vs not reported
Net 282,000 vs 1,000
Sales 18.6 mln vs 18.7 mln
Six mths
Shr 48 cts vs 17 cts
Net 583,000 vs 213,000
Sales 37.8 mln vs 37.5 mln
NOTE: 1987 six months net includes a loss from discontinued
operations equal to two cts a share.
1986 net includes... | Other |
COMALCO SAYS LOWER COSTS HELP RETURN TO PROFITS
| Comalco Ltd said its return to profit
reflected reduced costs, improved primary aluminium prices and
its withdrawal from a Japanese smelter venture.
It said the earlier reported 57.1 mln dlr profit for the
year ended December 31 against a 69.13 mln dlr loss in 1985 was
also aided by lower interest rates... | Other |
HADSON <HADS> TO ACQUIRE 85 PCT OF SEAXE <SEAX>
| Hadson Corp said it has signed a
definitive agreement to acquire 85 pct of the outstanding
common stock of Seaxe Energy Corp.
The company said it will buy the 85 pct interest in Seaxe
from shareholders owning restricted or controlled shares for
less than 200,000 Hadson common shares.
It said closi... | Corporate News |
REUTERS TO BUY I P SHARP OF CANADA
| Reuters Holdings Plc <RTRS.L> said it
had agreed in principle to buy <I P Sharp Associates Ltd> of
Toronto for 30.4 mln stg.
Sharp is a time-sharing network and database company
specialising in finance, economics, energy and aviation. It
operates a global packet-switching network and global limits... | Corporate News |
TCBY ENTERPRISES <TCBY> SPLITS STOCK
| TCBY Enterprises Inc said its
board has approved a three-for-two split of its common stock
with a distribution to be made on April 24 to stockholders of
record on April 9.
The split will increase the number of outstanding shares to
over 26 mln from about 17.3 mln shares now, the company said.
TCBY... | Financial Reports |
RAYTHEON CO <RTN> SETS QUARTERLY
| Qtly div 45 cts vs 45 cts prior
Pay April 30
Record April 10
| Other |
P.H. GLATFELTER CO <GLP> INCREASES DIVIDEND
| P.H. Glatfelter said its
board increased its quarterly dividend on its common stock to
14 cts per share, from 12.5 cts per share the prior quarter.
It said the dividend is payable May 1, 1987, to
shareholders of record April 15, 1987.
In addition, the company said it authorized the repurchase
of u... | Corporate News |
LIFE OF INDIANA CORP <LIFI> 4TH QTR LOSS
| Shr loss 19 cts vs profit 57 cts
Net loss 103,005 vs profit 319,344
Year
Shr profit 22 cts vs profit 10 cts
Net profit 1,236,347 vs profit 570,222
| Other |
ULTRAMAR SELLS U.K. MARKETING UNITS FOR 50 MLN STG
| Ultramar Plc <UMAR.L> said it had reached
agreement in principle to sell its wholly owned U.K. Marketing
companies to Kuwait Petroleum Corp for around 50 mln stg.
Ultramar's marketing units include <Ultramar Golden Eagle
Ltd> which in 1985 made a profit of around 1.4 mln stg before
financing and g... | Other |
CONSOLIDATED NOREX TO ACQUIRE TRIWEB RESOURCES
| <Consolidated Norex Resources
Ltd> said it agreed to acquire all issued and outstanding
shares of Triweb Resources Ltd, a privately held oil and gas
company with land holdings and production base in Alberta and
Saskatchewan.
The company said specific details relating to purchase
price and other ter... | Commodities and Trade |
THAI SUGAR PRODUCTION CONTINUES HIGH IN FEB
| Thai sugar production continued at a
high level in February, latest figures received by the
International Sugar Organization (ISO) show.
The figures show stocks at end-February of 2.49 mln tonnes
raw value against 2.33 mln a year earlier. Analysts said this
was a new peak for the date.
Production ... | Corporate News |
REICHHOLD CHEMICALS INC EXPLORING POSSIBLE SALE OF EUROPEAN SUBSIDIARY
|
REICHHOLD CHEMICALS INC EXPLORING POSSIBLE SALE OF EUROPEAN SUBSIDIARY
| Other |
NY TRADERS EXPECT CHINA TO STEP UP SUGAR BUYING
| Trade house sources said China is
expected to step up its sugar purchases following yesterday's
steep drop in world sugar prices.
The consensus is that the Chinese will buy between 200,000
and 400,000 tonnes of raw sugar.
"China is short of foreign exchange and a drop in prices is
usually taken as... | Corporate News |
ROSS STORES INC <ROST> 4TH QTR JAN 31 LOSS
| Shr loss 1.30 dlrs vs profit 29 cts
Net loss 33.4 mln vs profit 7,386,000
Sales 168.2 mln vs 128.4 mln
Year
Shr loss 1.61 dlrs vs profit 30 cts
Net loss 41.4 mln vs profit 7,055,000
Sales 527.5 mln vs 366.7 mln
NOTE: Latest year net both periods includes 39.4 mln dlr
provis... | Corporate News |
U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
| Other |
HONG KONG M3 RISES 2.2 PCT IN JANUARY
| Hong Kong's broadly defined M3 money
supply rose 2.2 pct to 607.17 billion H.K. Dlrs in January,
after a 3.1 pct rise in December, for a year-on-year rise of
23.3 pct, the government said in a statement.
Local currency M3 rose 3.6 pct to 280.36 billion dlrs from
December when it was up 3.4 pct from Nove... | Corporate News |
NAVISTAR <NAV> STILL EXPECTS HIGHER 1987 NET
| Navistar International Corp chairman
Donald Lennox repeated that benefits from recapitalization are
likely to boost future earnings for fiscal 1987.
Lennox told the annual meeting that future quarterly and
full year earnings from ongoing operations should be
"significantly above 1986 results."
In ... | Financial Reports |
CORRECTED-LILLY INDUSTRIAL COATINGS INC <LICIA>
| 1st qtr Feb 28 end
Shr 18 cts vs 13 cts
Net 1,541,000 vs 1,122,000
Sales 39.7 mln vs 33.5 mln
Avg shrs 8,517,000 vs 8,441,000
NOTE: Share adjusted for five pct stock dividend in August
1986.
Company corrects current year sales.
| Other |
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