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|---|---|---|
ZENITH NATIONAL INSURANCE <ZNAT> QTLY DIVIDEND
| Shr 20 cts vs 20 cts prior qtr
Pay May 14
Record April 30
Note: Full name Zenith National Insurance Corp.
| Commodities and Trade |
REDKIN LABORATORIES INC <RDKN> QTLY DIVIDEND
| Shr five cts vs five cts prior qtr
Pay April 17
Record April 3.
| Commodities and Trade |
3-MAR-1987 07:35:58.11
| 3-MAR-1987 07:35:58.11
| Financial Reports |
COOPERVISION INC <EYE> QTLY DIVIDEND
| Shr 10 cts vs 10 cts prior qtr
Pay April 17
Record April 9.
| Financial Reports |
U.S. SECURITIES GROUP BACKS INSIDER RESTRAINTS
| The Securities Industry Association
backed a variety of restraints on insider trading and hostile
corporate takeovers and asked Congress to define insider
trading in law.
The industry trade association called on U.S. securities
firms to take steps to protect sensitive corporate secrets to
guard agains... | Corporate News |
TEXACO <TX> RESERVES DOWN DESPITE LOWER OUTPUT
| Texaco Inc's oil and gas reserves
declined in 1986 despite reduced production and upward
revisions in the company's previous reserve estimates, its
annual report said.
The statement of the report's auditor was qualified -- as
was the previous one -- because of the unkonwn final impact of
the judgement... | Corporate News |
INT'L MINERALS PROJECT TO BOOST HOG LEAN WEIGHT
| International Minerals and
Chemical Corp said its board approved a 50 mln dlrs budget over
the next several years to build production facilities for a
newly developed product to be used to improve the lean weight
of hogs.
The new product, porcine somatotropin (PST) is described as
a natural bio-synthe... | Corporate News |
PULITZER PUBLISHING CO <PLTZC> DECLARES QTLY DIV
| Qtly div 10 cts vs 10 cts prior
Pay May 1
Record April 10
| Corporate News |
FEDERAL CO <FFF> SETS REGULAR PAYOUT
| Qtly 29-1/2 cts vs 29-1/2 cts prior
Payable June 1
Record May 1.
| Corporate News |
SOUTHWESTERN BELL <SBC> SEES EARNINGS DILUTION
| Southwestern Bell Corp said that
its planned acquisitions of cellular telephone and paging
systems, including those of <Metromedia Inc>, will result in
some initial earnings dilution and an increase in debt ratio.
In a letter to shareholders in its 1986 annual report, the
regional Bell company did no... | Financial Reports |
BRAZIL WANTS TO INCREASE STEEL EXPORTS TO U.S.
| Brazil wants to increase its
steel exports to the United States, now limited because of
tough import restraints set in 1984 by the Reagan
administration, a spokeswoman for the Brazilian Steel Institute
(IBS) said.
Brazilian and U.S. Trade officials held the first of a
three-day meeting today in Brasil... | Financial Reports |
LEAR SIEGLER HOLDING CORP PLANS TO DIVEST AEROSPACE SUBSIDIARY
|
LEAR SIEGLER HOLDING CORP PLANS TO DIVEST AEROSPACE SUBSIDIARY
| Financial Reports |
VARITY CORP YEAR SHR LOSS 21 CTS VS LOSS 16 CTS
|
VARITY CORP YEAR SHR LOSS 21 CTS VS LOSS 16 CTS
| Financial Reports |
NORDSON <NDSN> SETS 3-FOR-2 SPLIT
| Nordson Corp said its board
declared a 3-for-2 stock split to be paid as a 50 pct stock
dividend on April 30 to shareholders of record April 10.
As a result, the number of shares outstanding will increase
to 10.2 mln from 6.8 mln, the maker of industrial equipment
said.
| Financial Reports |
INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE
| A group of affiliated New York
investment firms said they lowered their stake in Cyclops Corp
to 260,500 shares, or 6.4 pct of the total outstanding common
stock, from 370,500 shares, or 9.2 pct.
In a filing with the Securities and Exchange Commission,
the group, led by Mutual Shares Corp, said it sold ... | Financial Reports |
HK HOTELS SOARS ON TAKEOVER SPECULATION
| The price of Hongkong and Shanghai
Hotels Ltd <SHLH.HK>'s stock soared on speculation of a
takeover battle between major shareholders the Kadoorie family
and the Evergo Industrial Enterprise Ltd <EVGH.HK> group, stock
brokers said.
They noted heavy buying in Hk Hotel shares after an
announcement... | Other |
BALDRIGE SEES U.S. TRADE DEFICIT STARTING TO DECLINE IN FEB OR MARCH DATA
|
BALDRIGE SEES U.S. TRADE DEFICIT STARTING TO DECLINE IN FEB OR MARCH DATA
| Other |
BALDRIGE SEES U.S. TRADE GAP DROPPING SOON
| Commerce Secretary Malcolm Baldrige
said the U.S. trade deficit should start to decline soon,
possibly in the figures for February or March.
"We could see the trade deficit start down in February or
March," Baldrige said in an appearance before the Senate
Governmental Affairs Committee.
He predict... | Commodities and Trade |
NORMAL WORK RESUMES AT NEW ZEALAND PORTS
| Normal work has resumed at New
Zealand ports as negotiations between harbour board workers and
employers continue.
Wellington Harbour Board Workers' Union secretary Ross
Wilson told reporters talks late yesterday ended with agreement
to take unresolved issues before an industrial conciliator.
Wils... | Corporate News |
VARITY CORP <VAT> 4TH QTR JAN 31 LOSS
| Shr loss 13 cts vs loss one ct
Net loss 18,600,000 vs profit 3,300,000
Revs 394.0 mln vs 351.0 mln
YEAR
Shr loss 21 cts vs loss 16 cts
Net loss 23,300,000 vs profit 3,900,000
Revs 1.36 billion vs 1.29 billion
Note: Current yr loss includes reorganization charge of
15.2 mln ... | Corporate News |
INDIANA FEDERAL <IFSL> 4TH QTR NET
| Net 492,000 vs 677,000
Year
Net 2,650,000 vs 2,566,000
NOTE: Company's full name is Indiana Federal Savings and
Loan Association. Per share information not available. Bank
went public on February 11, 1987.
| Corporate News |
LEAR-SIEGLER HOLDING TO DIVEST AEROSPACE UNIT
| Forstmann Little and Co said Lear
Siegler Holding Corp plans to divest its aerospace group
subsidiary, comprised of the Defense Electronics Group and the
Components Group.
Divestitures had been expected since Lear-Siegler, a
diversified conglomerate, was acquired last December in a 2.1-
billion-dlr-le... | Industrial and Sector News |
RUBBERMAID <RBD> COMPLETES ACQUISITIONS
| Rubbermaid Inc said it completed
the previously announced acquisitions of Viking Brush Ltd, a
Canadian maker of brushes, brooms and other cleaning aids, and
the Little Tikes' manufacturing licensee in Ireland.
Terms were not disclosed.
The acquisition of the Tikes' licensee is part of the
expansio... | Other |
CRYSTAL OIL CO <COR> 4TH QTR LOSS
| Oper shr loss 16 cts vs loss 44 cts
Oper net loss 8,926,000 vs loss 14.4 mln
Revs 9,920,000 vs 21.2 mln
Year
Oper shr loss 4.30 dlrs vs loss 2.24 dlrs
Oper net loss 221.8 mln vs loss 53.7 mln
Revs 51.4 mln vs 94.4 mln
Note: Oper net excludes losses from discontinued operation... | Other |
CHEMFIX TECHNOLOGIES <CFIX> 2ND QTR FEB 28 NET
| Shr profit one ct vs loss four cts
Net profit 53,040 vs loss 255,568
Rev 2,252,246 vs 755,605
Six months
Shr profit three cts vs loss eight cts
Net profit 217,884 vs loss 517,538
Rev 4.9 mln vs 1.6 mln
NOTE: Company's full name is Chemfix Technologies Inc.
| Commodities and Trade |
FEDERAL-MOGUL CORP <FMO> SETS REGULAR DIVIDEND
| Qtly div 40 cts vs 40 cts prior
Pay June 10
Record May 27
| Other |
IOWA RESOURCES INC <IOR> DECLARES QTLY DIVIDEND
| Qtly div 41 cts vs 41 cts prior
Pay May 1
Record April 8
| Corporate News |
EIA SAYS DISTILLATE STOCKS OFF 3.2 MLN BBLS, GASOLINE UP 2.2 MLN, CRUDE UP 7.5 MLN
|
EIA SAYS DISTILLATE STOCKS OFF 3.2 MLN BBLS, GASOLINE UP 2.2 MLN, CRUDE UP 7.5 MLN
| Financial Reports |
U.S. HOME RESALES UP IN FEBRUARY, REALTORS SAY
| The National Association of Realtors
said sales of previously owned homes rose six pct during
February from January levels to a seasonally adjusted annual
rate of 3.69 mln units.
The realtors' group said the sales rise was apparent across
the country and reflected lower mortgage interest rates as well
... | Financial Reports |
LOWER U.S. SOYBEAN LOAN IDEA SHARPLY CRITICIZED
| U.S. soybean lobbyists and
congressional aides criticized a proposal from a senior
Agriculture Department official that Congress allow the U.S.
soybean loan level to be officially lowered to 4.56 dlrs per
bushel next year.
"I don't know who in Congress would propose that happening.
Politically it woul... | Corporate News |
FIDUCIARY TRUST CO IN FIVE-FOR-ONE STOCK SPLIT
| <Fiduciary Trust Co International>
said its shareholders at the annual meeting approved a
five-for-one stock split effective May 15, 1987, to holders of
record on April 15, 1987.
The company said the split would increase the number of
authorized common shares from 440,000 to 2,200,000 shares
issued... | Commodities and Trade |
MODULAIRE <MODX> BUYS BOISE HOMES PROPERTY
| Modulaire Industries said it
acquired the design library and manufacturing rights of
privately-owned Boise Homes for an undisclosed amount of cash.
Boise Homes sold commercial and residential prefabricated
structures, Modulaire said.
| Commodities and Trade |
LA QUINTA MOTOR INNS INC<LQM>3RD QTR FEB 28 NET
| Shr profit 25 cts vs loss nine cts
Net profit 3,433,000 vs loss 1,310,000
Revs 37.1 mln vs 39.0 mln
Nine mths
Shr profit 28 cts vs profit 27 cts
Net profit 3,883,000 vs profit 3,908,000
Revs 133.2 mln vs 132.0 mln
Avg shrs 13.8 mln vs 14.2 mln
Note: Current net includes... | Corporate News |
KANSAS CITY SOUTHERN INDUSTRIES SAYS IT EAGER TO PURCHASE SOUTHERN PACIFIC RAILROAD
|
KANSAS CITY SOUTHERN INDUSTRIES SAYS IT EAGER TO PURCHASE SOUTHERN PACIFIC RAILROAD
| Commodities and Trade |
U.S. CHIPMAKERS URGE SANCTIONS AGAINST JAPAN
| The Semiconductor Industry
Association urged the U.S. government to impose trade sanctions
against Japan for violating the U.S.-Japan Semiconductor Trade
Agreement.
In a letter to Treasury Secretary James Baker the group
said sanctions should be imposed against Japanese chipmakers as
of April 1 and sh... | Other |
BRYSON PAYS 5.4 MLN DLRS FOR CENERGY CORP STAKE
| <Bryson Oil and Gas Plc> said it paid a
cash consideration of around 5.4 mln dlrs for about 8.6 pct of
<Cenergy Corp>, a U.S. Oil and gas exploration and production
company.
Bryson said its board has been considering a number of
possible investments to expand the company's interests and
believes... | Other |
RECENT U.S. OIL DEMAND UP 0.1 PCT FROM YEAR AGO
| U.S. oil demand as measured by
products supplied rose 0.1 pct in the four weeks ended March 20
to 16.16 mln barrels per day from 16.15 mln in the same period
a year ago, the Energy Information Administration (EIA) said.
In its weekly petroleum status report, the Energy
Department agency said distillate ... | Commodities and Trade |
FED APPROVES CHEMICAL BANK ACQUISITION OF TEXAS COMMERCE BANCSHARES
|
FED APPROVES CHEMICAL BANK ACQUISITION OF TEXAS COMMERCE BANCSHARES
| Commodities and Trade |
KANSAS CITY <KSU> READY TO BUY SOUTHERN PACIFIC
| Kansas City Southern Industries Inc
said it is ready to promptly purchase the Southern Pacific
Transportation Co from Santa Fe Southern Pacific Corp <SFX> if
the Interstate Commerce Commission rejects Sante Fe's attempt
to reopen the merger of Southern and the Atchison, Tokepa and
Santa Fe Railway.
... | Other |
GENCORP <GY> BID COULD BE RAISED, GROUP SAYS
| An investor group said it might be
willing to raise its 100 dlr per share offer for GenCorp but so
far the company has turned down requests for a meeting.
"We might be able to see some additional value if we could
meet" and get more financial data, said Joel Reed, speaking for
the investor group.
... | Financial Reports |
UNOCAL <UCL> PLANS INCREASE IN CAPITAL SPENDING
| Unocal Corp said it intends to
increase its spending for capital projects to 929 mln dlrs in
1987, eight pct more than the 862 mln spent in 1986.
The company said in its annual report that it would
increase spending for exploration and development of petroleum
resources by about three pct to 614 mln dlr... | Industrial and Sector News |
FED APPROVES CHEMICAL NEW YORK <CHL> MERGER
| Chemical New York Corp and Texas
Bancshares Inc <TCB> said the Federal Reserve Board approved
their proposed 1.19 billion dlr merger.
The companies also said the Securities and Exchange
Commission declared effective as of March 24 the registration
statement covering the securities Chemical will issue... | Financial Reports |
VARITY<VAT> SEES IMPROVED RESULTS AFTER 1ST QTR
| Varity Corp, earlier reporting a full
year loss against a prior year profit, said improvement is
expected in the balance of fiscal 1987 as new products fill the
inventory pipeline, cutbacks in operating costs are realized
and its newly acquired Dayton Walther business is fully
integrated.
However, ope... | Other |
CAMPBELL RESOURCES <CCH> UPS MESTON LAKE STAKE
| Campbell Resources Inc said it raised
its voting stake in <Meston Lake Resources Inc> to about 64 pct
from 52 pct through acquisition of another 870,000 Meston Lake
shares in its previously reported takeover bid.
Campbell, in its bid that expired March 23, offered 80 cts
cash and 1.25 "legended" Camp... | Financial Reports |
METROBANC <MTBC> SHAREHOLDERS APPROVE MERGER
| Metrobanc, a federal
savings bank, said its shareholders approved the previously
announced merger with Comerica Inc <CMCA>, a bank holding
company.
Metrobanc said the merger is still subject to regulatory
approval.
| Other |
PLAINS RESOURCES INC <PLNS> YEAR LOSS
| Oper shr loss 31 cts vs profit three cts
Oper net loss 887,886 vs profit 646,250
Revs 9,724,418 vs 10.8 mln
Note: Year-ago oper net excludes tax credit of 230,000
dlrs.
| Other |
PENNZOIL (PZL) WILLING TO SETTLE TEXACO (TX) LAWSUIT
| Pennzoil Co said it had not yet
received any "meaningful settlement offer" from Texaco Inc but
added that the company remained willing to consider proposals
to settle the 10.2 billion dlr jury judgment it won against
Texaco.
In its newly-released annual report to shareholders,
Pennzoil said it expecte... | Corporate News |
GV MEDICAL INC <GVMI> 4TH QTR LOSS
| Shr loss 20 cts vs loss 26 cts
Net loss 798,289 vs loss 777,667
Rev 262,738 vs nil
Avg shares 3,930,360 vs 2,959,029
Year
Shr loss 96 cts vs loss 1.25 dlrs
Net loss 3,202,355 vs loss 3,060,407
Rev 676,341 vs nil
Avg shares 3,339,174 vs 2,445,423
| Corporate News |
IBC PRESIDENT NOT TO ATTEND ICO EXECUTIVE BOARD
| Brazilian Coffee Institute (IBC)
president Jorio Dauster said he will not attend the ICO
executive board meeting and was surprised to hear that a report
of his absence had a slightly depressing effect on the New York
coffee market today.
"I have too much work to accomplish here in Brazil at the
moment... | Corporate News |
EXCHANGE RATE BILL CLEARS U.S. HOUSE PANEL
| The House Banking Committee adopted
legislation to direct the U.S. Treasury to begin negotiations
aimed at seeking regular adjustment of exchange rates by
countries such as Taiwan and South Korea, whose currencies are
pegged to the value of the U.S. dollar.
The measure was adopted as part of a wide-ra... | Financial Reports |
U.S. CHIPMAKERS URGE SANCTIONS AGAINST JAPAN
| The Semiconductor Industry
Association urged the U.S. government to impose trade sanctions
against Japan for violating the U.S.-Japan Semiconductor Trade
Agreement.
In a letter to Treasury Secretary James Baker the group
said sanctions should be imposed against Japanese chipmakers as
of April 1 and co... | Commodities and Trade |
CLABIR <CLG>, AMBRIT <ABI> CALL OFF MERGER
| Clabir Corp and AmBrit Corp
said they called off their plans for Clabir to buy the 16 pct
voting interest in AmBrit that it does not already own.
The companies said they agreed not to pursue the merger
because several actions recently taken by AmBrit would mean
substantial delays in completing the deal.... | Commodities and Trade |
COST OF PIK CERTIFICATES TO BE EYED BY CONGRESS
| Congress, eager to find budget
savings, launches a review of the U.S. Agriculture Department's
generic commodity certificate program tomorrow, amid signs USDA
and the General Accounting Office, GAO, are at odds over how
much the program has cost U.S. taxpayers.
The GAO concluded in a preliminary report ... | Market and Economy |
DAILY TELEGRAPH IN DEAL WITH NEWS INTERNATIONAL
| <Hollinger Inc> said 58 pct-owned <The
Daily Telegraph PLC>, of London, agreed to form a joint venture
printing company in Manchester, England with <News
International PLC>. Financial terms were undisclosed.
It said the deal involved News International's acquisition
of a 50 pct stake in the Tel... | Market and Economy |
FRIEDMAN INDUSTRIES INC <FRD> QUARTERLY DIV
| Qtly div seven cts vs seven cts prior
Pay June one
Record May four
| Market and Economy |
LATIN OIL PRODUCERS TO MEET IN CARACAS
| Five regional oil producing nations
will gather in Caracas tommorrow for a two-day meeting expected
to center on ways to combat proposals for a U.S. tax on
imported petroleum, the Venezuela's ministry of energy and
mines said.
Oil ministers from Mexico, Trinidad and Tobago, Ecuador and
Venezuela will ... | Other |
AUSTRALIAN RESERVE BANK CUTS REDISCOUNT RATE
| The Reserve Bank of Australia this morning
cut the rediscount rate from 17.30 pct to 17.00 pct.
The rediscount is the rate at which the bank buys back
treasury notes.
Market sources said the cut reflected the recent easing in
market interest rates. They also pointed to yesterday's
treasury note te... | Corporate News |
GENOVA <GNVA> SIGNS DEFINITIVE MERGER AGREEMENT
| Genova Inc said it signed a
definitive agreement for the previously announced merger with
<Genova Products Inc>.
Under the agreement, Genova Products will pay 5-3/8 dlrs a
share for the 29 pct of Genova's outstanding common shares it
does not already own.
The company said it plans to complete t... | Corporate News |
PENOBSCOT SHOE CO <PSO> 1ST QTR FEB 27 NET
| Shr 69 cts vs six cts
Net 421,306 vs 44,132
Revs 3,721,178 vs 3,125,935
Note: Current qtr net includes a gain of 281,000 dlrs,
mostly from the sale of securities and property.
| Corporate News |
ASHTON-TATE <TATE> 4TH QTR NET
| Shr 43 cts vs 30 cts
Net 10.6 mln vs 5,967,000
Revs 62.9 mln vs 41.5 mln
Avg shrs 200.7 mln vs 20.2 mln
Year
Shr 1.26 dlrs vs 85 cts
Net 30.1 mln vs 16.6 mln
Revs 210.8 mln vs 121.6 mln
Avg shrs 23.9 mln vs 19.4 mln
NOTE: Share adjusted for January 1987 two-for-on... | Corporate News |
DAUSTER SAYS NO CHANGE IN BRAZIL'S COFFEE POLICY
| Brazil will not announce any
changes to its coffee export policy, Brazilian Coffee Institute
(IBC) president Jorio Dauster said.
He told Reuters Brazil was not planning to modify the
position it held before the recent International Coffee
Organisation meeting.
Earlier this month, talks in London t... | Corporate News |
EXCHANGE RATE BILL CLEARS U.S. HOUSE PANEL
| The House Banking Committee adopted
legislation to direct the U.S. Treasury to begin negotiations
aimed at seeking regular adjustment of exchange rates by
countries such as Taiwan and South Korea whose currencies are
pegged to the value of the U.S. dollar.
The measure was adopted as part of a wide-ran... | Other |
CONSOLIDATE CAPITAL TRUST <CIOTS> 4TH QTR NET
| Shr 32 cts vs nil
Net 1.2 mln vs 100,000
Avg shrs 3,692,000 vs 3,148,000
Year
Shr 1.02 dlrs vs 54 cts
Net 3.7 mln vs 800,000
Avg shrs 3,607,000 vs 1,461,000
Note: Net is after depreciation.
Full name is Consolidated Captial Income Opportunity
Trust/2.
| Commodities and Trade |
TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT TO FOSTER STABLE CURRENCIES
|
TREASURY'S BAKER SAYS HE STANDS BY PARIS PACT TO FOSTER STABLE CURRENCIES
| Financial Reports |
BAKER SAYS HE STANDS BY PARIS CURRENCY AGREEMENT
| Treasury Secretary James Baker said
he stood by the Paris agreement among leading industrial
nations to foster exchange rate stability around current
levels.
"I would refer you to the Paris agreement which was a
recognition the currencies were within ranges broadly
consistent with economic fundamental... | Corporate News |
NEITHER SIDE OPTIMISTIC ON ROTTERDAM PORT ISSUES
| Employers and the port union, FNV, are
to meet again this afternoon to attempt a settlement of the
six-week-old dispute in Rotterdam's general cargo sector, but
neither side is optimistic, spokesmen for both sides told
Reuters.
Little progress was made in last night's three hours of
talks, with both s... | Corporate News |
BAKER SEES 15 TO 20 BILLION DLR DROP IN TRADE GAP
| Treasury Secretary James Baker said
he expected the U.S. Trade deficit to fall by 15 billion to 20
billion dlrs in 1987.
Commenting on the deficit during an interview on Cable News
Network, Baker said "I think you're going to see a 15 to 20
billion dlr reduction this year." The deficit was 170 billion
... | Other |
Sumita says further yen rise would adversely affect Japanese economy
|
Sumita says further yen rise would adversely affect Japanese economy
| Commodities and Trade |
Sumita says major nations will continue to cooperate to stabilize currencies
|
Sumita says major nations will continue to cooperate to stabilize currencies
| Financial Reports |
ASCS TERMINAL MARKET VALUES FOR PIK GRAIN
| The Agricultural Stabilization and
Conservation Service (ASCS) has established these unit values
for commodities offered from government stocks through
redemption of Commodity Credit Corporation commodity
certificates, effective through the next business day.
Price per bushel is in U.S. dollars. Sorghum... | Commodities and Trade |
N.Z. MONEY SUPPLY RISES 2.4 PCT IN JANUARY
| New Zealand's broadly defined,
seasonally adjusted M-3 money supply grew an estimated 2.4 pct
in January against a 3.4 pct (revised from 3.6) rise in
December and a 0.7 pct rise in January 1986.
It said unadjusted M-3 increased to an estimated 30.13
billion N.Z. Dlrs from 30.08 (revised from 30.06) bill... | Market and Economy |
FURTHER YEN RISE WOULD HURT JAPAN ECONOMY, SUMITA
| Bank of Japan Governor Satoshi Sumita
said a further yen rise would have adverse effects on the
Japanese economy.
He told Japanese business leaders the Bank of Japan will
continue to take adequate measures, including market
intervention, to stabilize exchange rates if necessary, in
close cooperation w... | Financial Reports |
EC LINKS AGRICULTURAL TRADE TALKS TO OTHER REFORM
| The European Community (EC) considers
talks on agricultural trade reform to be inseperable from talks
on other trade reform in the present GATT round, Willy de
Clercq, external relations commissioner of the EC, said.
He told reporters here the EC would not bow to pressure to
reach an early, seperate agr... | Other |
VIETNAM'S ARMY ORDERED TO GROW MORE FOOD
| Vietnam has ordered its army to grow
more food to ease shortages and meet economic recovery goals
set for 1990.
The army newspaper Quan Doi Nhan Dan, monitored here, said
soldiers must work harder to care for rice, vegetables and
other crops endangered by the present unusually hot weather.
The pap... | Industrial and Sector News |
LINDE TURNOVER UP IN FIRST TWO MONTHS OF 1987
| Engineering group Linde
AG's <LING.F> world group turnover rose to 518.6 mln marks in
the first two months of 1987, 5.2 pct more than in the same
1986 period, management board chairman Hans Meinhardt said.
But world group incoming orders fell 2.2 pct to 587.3 mln
marks, Meinhardt told the annual news... | Commodities and Trade |
LINDE AG <LING.F> 1986 YEAR
| Domestic group net profit 105.79 mln marks vs 80.71 mln
Turnover 2.93 billion marks vs 2.71 billion
Incoming orders 2.92 billion marks vs 2.86 billion
Order book at end December 2.28 billion vs 2.37 billion
Tax payments 104.98 mln marks vs 88.67 mln
Depreciation of fixed assets 107.25 ml... | Other |
UNILEVER IMPROVES IN MOST SECTORS DURING 1986
| The Unilever Plc and NV <UN.A> group saw
improved performance in almost all sectors during 1986, the
Anglo-Dutch group said in its results statement.
Very good progress was made last year, while the recent
acquisition of Chesebrough-Pond's Inc <CBM.N> was a significant
addition which will greatly ... | Financial Reports |
TRADE SURPLUS CUT WOULD BENEFIT JAPAN - SUMITA
| Bank of Japan Governor Satoshi Sumita
said it is in Japan's national interest to make greater efforts
to reduce its trade surplus.
He told business executives the most important issues for
the world economy are the correction of international trade
imbalances and a solution to the world debt problem.
... | Other |
GULF ESCORTS STILL UNDER DISCUSSION - WEINBERGER
| No action has been taken yet
on the Reagan Adminstration's offer to escort Kuwaiti oil
tankers through the Gulf, but the issue is being discussed,
U.S. Secretary of Defence Caspar Weinberger said.
The offer was made to Kuwait in light of Iran's deployment
of Chinese-built missiles to cover the entrance ... | Corporate News |
U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE
|
U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE
| Financial Reports |
MIYAZAWA SAYS MAJOR NATIONS ACTING ON PARIS ACCORD
| Finance Minister Kiichi Miyazawa said
major nations are taking action to stabilise exchange rates in
line with their agreement in Paris last month, government
sources said.
Miyazawa told an Upper House session the six nations --
Britain, Canada, France, Japan, the U.S. And West Germany --
are abiding ... | Financial Reports |
Hoechst AG 1986 world group pretax profit 3.21 billion marks vs 3.16 billion
|
Hoechst AG 1986 world group pretax profit 3.21 billion marks vs 3.16 billion
| Financial Reports |
BANK OF FRANCE LAUNCHES MONEY MARKET INTERVENTION TENDER - OFFICIAL
|
BANK OF FRANCE LAUNCHES MONEY MARKET INTERVENTION TENDER - OFFICIAL
| Corporate News |
HOECHST AG <HFAG.F> YEAR 1986
| Year ended December 31.
World group pretax profit 3.21 billion marks vs 3.16
billion.
Turnover 38.01 billion marks vs 42.72 billion.
World group turnover comprised domestic sales 10.83 billion
vs 10.80 billion, foreign sales 27.18 billion vs 31.92 billion.
Parent pretax profit 1.82 billion... | Corporate News |
GERMAN TRADE, CURRENT ACCOUNT DATA DUE TODAY
| The Federal Statistics Office will
today publish trade and current account figures for February, a
spokeswoman said in reply to queries.
In January the current account surplus provisionally
narrowed to 4.9 billion marks from 8.5 billion in December. The
provisional January trade surplus narrowed to 7.2 ... | Financial Reports |
BANK OF FRANCE LAUNCHES MONEY MARKET TENDER
| The Bank of France said it set a money
market intervention tender today to inject funds to the market
against first category paper.
Money market sources said the surprise announcement might
herald a quarter percentage point cut in the central bank
intervention rate from the 7-3/4 pct level set March 10,... | Financial Reports |
BP says it will tender for remaining 45 pct of Standard Oil at 70 dlrs a share cash
|
BP says it will tender for remaining 45 pct of Standard Oil at 70 dlrs a share cash
| Financial Reports |
BP TO OFFER 7.4 BILLION DLRS FOR STANDARD SHARES
| British Petroleum Co Plc <BP.L> said it
intended to make a tender offer for the 45 pct of Standard Oil
Co <SRD.N> it does not already own at 70 dlrs a share cash, for
a total of 7.4 billion if the offer is fully accepted.
The offer would be made through its <BP North America Inc>
unit and was i... | Commodities and Trade |
HOECHST RAISES PROFITS ON LOWER SALES
| Hoechst AG <HFAG.F> said in a
statement it increased its pretax profits in 1986 despite a
fall in turnover due to lower foreign sales.
The lower sales were due to the fall in the dollar and
other currencies against the mark. Other factors were pressure
on selling prices because of a sharp fall in the... | Financial Reports |
Danish overnight money market rate cut to 10 pct from 10.5 - central bank
|
Danish overnight money market rate cut to 10 pct from 10.5 - central bank
| Other |
BHP NET SEEN AROUND 600 MLN DLRS FOR NINE MONTHS
| Australia's largest company, The Broken
Hill Pty Co Ltd <BRKN.S> (BHP), is expected to report a net
profit of around 600 mln to 620 mln dlrs tomorrow for the first
nine months ended February 28, share analysts polled by Reuters
said.
This would be well below the 813.0 mln dlrs earned in the
first t... | Corporate News |
BP units seek five billion dlr revolving credit to support Standard Oil tender
|
BP units seek five billion dlr revolving credit to support Standard Oil tender
| Other |
INDIAN PLANT SIGNS FIRST ALUMINA EXPORT CONTRACT
| An unnamed Norwegian firm agreed to
buy 100,000 tonnes of alumina a year from a refinery in eastern
Orissa state due to start operations in the next 12 months, a
Commerce Ministry official told Reuters.
He said the state-owned National Aluminium Co, which owns
the plant, and the state-owned Mineral and ... | Corporate News |
U.S. LEADING INDEX FELL 1.0 PCT IN JANUARY
| The U.S. index of leading indicators
fell a seasonally adjusted 1.0 pct in January after a revised
2.3 pct December gain, the Commerce Department said.
The department previously said the index rose 2.1 pct in
December.
The decline in January was the biggest for any month since
July, 1984, when the... | Commodities and Trade |
LUCAS INDUSTRIES PLC <LUCS.L> HALFYEAR ENDED JAN 31
| Shr 22.9p vs 26.9p.
Interim div 2.6p vs same.
Pre-tax profit 40.0 mln stg vs 38.0 mln.
Net profit before minorities 29.6 mln vs 30.9 mln.
Turnover 825.0 mln vs 791.6 mln.
Trading profit 52.8 mln stg vs 52.5 mln.
Related companies profit 3.1 mln vs 1.4 mln.
Interest payable 12... | Corporate News |
BP UNITS SEEK FIVE BILLION DLR REVOLVING CREDIT
| BP International and BP North America
are seeking a five billion dlr, four year syndicated credit
facility in support of British Petroleum Co Plc's tender offer
for the 45 pct of Standard Oil Co it does not already own,
Morgan Guaranty Trust Co of New York said as arranger.
The facility, to be guarantee... | Corporate News |
CLUB MEDITERRANEE <CMI.PA> - YEAR ENDED OCTOBER 31
| Parent company 1986 net profit 202.55 mln francs vs 171.31
mln
Dividend 13.02 francs vs same, including 4.34 francs tax
credit.
(Note - company earlier reported consolidated net profit
315.9 mln francs vs 302.08 mln and consolidated attributable
profit of 293.3 mln vs 266.6 mln.)
| Corporate News |
U.K. MONEY MARKET LIQUIDITY POSITION EXPECTED FLAT
| The Bank of England said it has forecast
a flat position in the money market today.
Among the main factors, maturing assistance and take-up of
treasury bills will drain 545 mln stg and a rise in note
circulation 35 mln stg but the outflow will be offset by 490
mln stg exchequer transactions and bankers ... | Commodities and Trade |
EC SUGAR TENDER SEEN AS FURTHER CONCESSION
| The rebates granted at yesterday's EC
sugar tender represent a further concession to producers'
complaints that they are losing money on exports outside the
bloc, trade sources said.
They said the maximum rebate of 45.678 European currency
Units (Ecus) per 100 kilos was 0.87 Ecus below what producers
... | Commodities and Trade |
German Feb current account surplus 6.6 billion marks (Jan surplus 4.8 billion) - official
|
German Feb current account surplus 6.6 billion marks (Jan surplus 4.8 billion) - official
| Corporate News |
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