titles stringlengths 12 138 | article stringlengths 15 8.85k | category stringclasses 6
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|---|---|---|
NATIONAL BANC OF COMMERCE CO <NBCC> SETS PAYOUT
| Qtly div 14 cts vs 14 cts prior
Pay April Eight
Record March 26
| Financial Reports |
HARSCO CORP <HSC> SETS REGULAR PAYOUT
| Qtrly div 25 cts vs 25 cts
Pay May 15
Record April 15
| Industrial and Sector News |
MADAGASCAR COCOA PRODUCTION ESTIMATED HIGHER
| Madagascar's cocoa production is
estimated 13 pct higher this year at 2,720 tonnes, up from
2,400 in 1986, Agriculture Ministry officials said.
This improvement reflects the government's efforts over the
last seven years to extend existing cocoa plantations and plant
new higher yielding varieties, parti... | Financial Reports |
COMPUTER ASSOCIATES <CA> SETS TWO FOR ONE SPLIT
| Computer Associates
International Inc said its board has declared a two-for-one
stock split, payable May Seven, record April Seven.
| Financial Reports |
SWISS NET CAPITAL EXPORTS RISE IN 1986
| Increased activity by Switzerland's
banks pushed net capital exports to a provisional 11.7 billion
francs last year from 10.0 billion in 1985, the National Bank
said in a pre-publication copy of its annual report.
It also said the current account surplus of the Swiss
balance of payments reached a provis... | Corporate News |
ST LAWRENCE SEAWAY OPENING STILL MARCH 31
| The St Lawrence Seaway between Lake
Ontario and Montreal is still scheduled to open for the
shipping season on March 31, a Seaway official said.
The Great Lakes could have been open for traffic earlier
this month due to the mild Winter, but scheduled repairs to the
Welland Canal joining Lake Erie with L... | Financial Reports |
DUTCH GRAIN LEVY TEST CASE TO START IN APRIL
| A large Dutch animal feed compounder
will begin formal legal proceedings early next month as a test
case on the way the EC grain co-responsibility levy is applied,
a spokesman for Dutch grain and feed trade association, Het
Comite, told Reuters.
Het Comite has been co-ordinating national actions against... | Financial Reports |
Z-SEVEN FUND SEES HIGHER 1987 NET
| <Z-Seven Fund Inc> said it expects to
earn six dlrs a share in 1987, up from 4.20 dlrs a share in
1986.
The company said the 1986 net earnings were up 30 pct from
3.22 dlrs in 1985. Net asset value in 1986 rose 35 pct to 16.09
dlrs a share from 11.89 a year earlier, adjusted for a
three-for-two sto... | Financial Reports |
U.S. ASKS JAPAN END AGRICULTURE IMPORT CONTROLS
| The U.S. Wants Japan to eliminate import
controls on agricultural products within three years, visiting
U.S. Under-Secretary of State for Economic Affairs Allen Wallis
told Eishiro Saito, Chairman of the Federation of Economic
Organisations (Keidanren), a spokesman for Keidanren said.
The spokesman quot... | Financial Reports |
SPANISH REFINER PLANS GASOLINE ADDITIVE PLANT
| Spain's state refiner Empresa Nacional
de Petroleo S.A. (EMP) plans to build its second unit for
production of methyl tertiary butyl ether (MTBE), a gasoline
additive replacing lead, company sources said.
The Coruna-based plant, with an annual capacity of 27,000
tonnes, and a 55,000-tonnes-per-year faci... | Financial Reports |
WALL STREET STOCKS/U.S. OIL COMPANIES
| British Petroleum Co PLC's
announcement that its U.S. subsidiary intends to tender for the
45 pct of Standard Oil Co <SRD> it does not already own,
catapulted U.S. oil stocks sharply higher this morning, traders
and analysts said.
"It raises the specter of additional consolidation in the
industry a... | Financial Reports |
ROY F. WESTON INC <WSTNA> 4TH QTR NET
| Shr 15 cts vs 11 cts
Net 900,334 vs 482,705
Revs 28.7 mln vs 18.8 mln
Avg shrs 6,195,527 vs 4,551,105
Shr 51 cts vs 31 cts
Net 2,713,912 vs 1,402,696
Revs 98.7 mln vs 67.9 mln
Avg shrs 5,369,833 vs 4,551,105
NOTE: Share adjusted for three-for-two stock split
effecitiv... | Other |
MOBIL <MOB> TO UPGRADE REFINERY UNIT
| Mobil Corp said it will spend over 30
mln dlrs to upgrade a gasoline-producing unit at its Beaumont,
Texas, refinery.
It said the unit is a catalytic reformer, which converts
low-octane components of gasoline into high-octane components
for use in Super Unleaded gasoline.
The company said the mode... | Corporate News |
BLOCKBUSTER <BBEC> TO ACQUIRE LICENSEE
| Blockbuster Entertainment Corp said it
agreed to buy <Southern Video>, a Blockbuster licensee in San
Antonio.
Blockbuster said it will issue 80,460 shares of its common
stock for all the net assets of Southern Video.
The company said after the acquisition is complete, it
intends to open additio... | Other |
BRAZIL SOY HARVEST 13 PCT COMPLETE - NEWSLETTER
| Brazil's soybean harvest was 13
pct complete by March 20, the Safras e Mercado newsletter said.
This compares with an historic average for this time of
year of 20 pct.
The newsletter gave the following figures for the progress
of the harvest in the main producer states:
Parana: 40 pct
Ma... | Financial Reports |
CONTEL <CTC> TO BUY WALKER COUNTY TELEPHONE
| Contel Corp said it has agreed in
principle to acquire <Walker County Telephone Co> of LaFayette,
Ga., for an undisclosed amount of common stock.
Walker has 7,600 customers in northeast Georgia.
The company said the agreement is subject to approval by
regulatory agencies, both boards and Walker s... | Commodities and Trade |
MULFORD SAYS G-6 WANTS STABILITY
| Treasury Assistant Secretary David
Mulford said the Paris agreement among leading industrial
nations is intended to produce "reasonable stability" in exchange
markets over the next few months.
He told a Senate Banking subcommittee the Group of Five
nations and Canada agreed in Paris to "see if there can... | Market and Economy |
THERMO PROCESS <TPSI> COMPLETES ACQUSITION
| Thermo Process Systems Inc said
it completed its purchase of Thermo Process Services Inc, a
subsidiary of Thermo Electron Corp <TMO>.
Thermo Process Systems said it issued 2,590,000 shares of
its common stock to Thermo Electron in connection with the
sale.
| Corporate News |
SIEMENS RAISES STAKE IN TELECOM PLUS OF U.S.
| Siemens AG's <SIEG.F>
fully-owned subsidiary Siemens Informations Systems Inc. Has
raised its stake in Telecom Plus Communications Inc. By 65 pct
to 100 pct, a Siemens spokesman said.
He added that Telecom Plus Communications was the largest
independent supplier of telephone exchange systems in the U... | Financial Reports |
FRUEHAUF POSTS 20.3 MLN DLR 1986 LOSS
| Fruehauf Corp, which went private in
December through a leveraged buyout, said the predecessor
company had a 1986 loss of 60.9 mln dlrs compared to earnings
of 70.5 mln dlrs in 1985.
Sales of the predecessor company were 2.68 billion dlrs
compared to 2.56 billion dlrs in 1985, including the sales by
t... | Corporate News |
MICHIGAN GENERAL <MGL> TO SELL KRESTMARK UNIT
| Michigan General Corp said
it agreed to sell substantially all of the assets and certain
liabilities of its Krestmark subsidiaries to LCB Holdings Inc
for 6.5 mln dlrs cash.
Sale of Texas-based Krestmark, a maker of doors, door
frames and other products, will allow Michigan General to
concentrate on r... | Other |
RABBIT SOFTWARE <RABT> TO MERGE WITH CTI DATA
| Rabbit Software Corp said it
agreed in principle to merge with <CTI Data Inc>, a privately
owned communications company.
According to terms, CTI holders and employees will receive
200,000 shares of Rabbit stock and royalties on sales of CTI
Products. CTI will become a wholly owned subsidiary of Rabbi... | Corporate News |
COMSTOCK GROUP INC <CSTK> 4TH QTR LOSS
| Shr loss 60 cts vs loss 43 cts
Net loss 3,012,000 vs loss 2,114,000
Revs 102.8 mln vs 134.9 mln
Year
Shr loss 1.48 dlr vs loss four cts
Net loss 7,338,000 vs loss 180,000
Revs 354.9 mln vs 469.2 mln
NOTE: 1986 4th qtr and year net includes a loss of 623,000
dlrs and a gain ... | Other |
U.S. SENATE HITS EC OILS TAX, VOWS RETALIATION
| The Senate voted to condemn the
proposed European common market tax on vegetable and marine
fats and oils and said it would result in retaliation.
The non-binding Senate resolution, a sense of Senate
sentiment, was approved on a 99 to 0 vote.
"The administration should communicate to the European
... | Corporate News |
HEALTHMATE INC SAYS AUDITORS INTEND TO QUALIFY ITS FINANCIAL STATEMENTS
|
HEALTHMATE INC SAYS AUDITORS INTEND TO QUALIFY ITS FINANCIAL STATEMENTS
| Financial Reports |
HARSCO CORP <HSC> SETS QUARTERLY
| Qtly div 25 cts vs 25 cts prior
Pay May 15
Record April 15
| Corporate News |
MILASTAR CORP <MILA> 3RD QTR JAN 31 LOSS
| Shr loss two cts vs loss four cts
Net loss 44,000 vs loss 85,000
Sales 370,000 vs 299,000
Nine mths
Shr loss seven cts vs loss three cts
Net loss 134,000 vs loss 56,000
Sales 1,211,000 vs 1,069,000
NOTE: Prior nine mths net includes 10,000 dlr loss on sale
of marketable sec... | Corporate News |
BANK OF BOSTON EXPECTS 1ST QTR EARNINGS FROM 90 CTS TO 1.00 DLRS/SHR VS 79 CTS
|
BANK OF BOSTON EXPECTS 1ST QTR EARNINGS FROM 90 CTS TO 1.00 DLRS/SHR VS 79 CTS
| Financial Reports |
BANK OF BOSTON <BKB> SEES IMPROVED 1ST QUARTER
| Bank of Boston Corp expects first
quarter earnings will range between 90 cts and one dlr a share,
up from 79 cts a share last year, Chairman William Brown said.
He told shareholders the company has a 190 mln dlr exposure
in loans to Brazil if that country defaults on its debt
payments. If a default does... | Financial Reports |
LIBYA REPORTEDLY BOUGHT WHITE SUGAR
| Libya is reported to have recently
bought two cargoes of white sugar from operators at around
229/230 dlrs a tonne cost and freight, traders said.
The shipment period required was not specified.
| Financial Reports |
USAIR GETS APPROVAL TO BUY 9,309,394 PIEDMONT SHARES IN TENDER
|
USAIR GETS APPROVAL TO BUY 9,309,394 PIEDMONT SHARES IN TENDER
| Financial Reports |
FED EXPECTED TO ADD RESERVES
| The Federal Reserve is expected to
enter the U.S. government securities market to add reserves
during its usual intervention period today, economists said.
With federal funds trading at a steady 6-3/16 pct, most
economists expect an indirect injection of temporary reserves
via a medium-sized round of cu... | Corporate News |
DOLLAR/YEN INTERVENTION RESPONDS TO PRESSURE
| The Bank of France intervened to buy
small amounts of dollars and sell yen in Paris today to
stabilise the exchange rates agreed at last month's meeting of
Finance Ministers of the Group of Five and Canada, foreign
exchange dealers said.
But they said recent central bank intervention in the
foreign ex... | Financial Reports |
WALL STREET STOCKS/U.S. OIL COMPANIES
| British Petroleum Co PLC's
announcement that its U.S. subsidiary intends to tender for the
45 pct of Standard Oil Co <SRD> it does not already own,
catapulted U.S. oil stocks sharply higher this morning, traders
and analysts said.
"It raises the specter of additional consolidation in the
industry a... | Financial Reports |
FIRSTCORP <FCR> SEES GAIN ON CONDEMNATION
| Firstcorp Inc said it weill report
an after-tax gain of 1,827,000 dlrs or 56 cts per share primary
and 42 cts fully diluted from the proposed condemnation and
acquisition of a parking deck it operates by Wake County.
The company said if it reinvested proceeds in a similar
property within 24 months, the ... | Corporate News |
NORCEN SEES IMPROVEMENT IN 1987 EARNINGS
| <Norcen Energy Resources Ltd>,
41 pct owned by <Hees International Corp>, said earnings and
cash flow will improve in 1987, even if oil and gas prices
remain at 1986 levels.
The improvement will result from production increases,
lower taxes and royalties, reduced financing costs and from
operati... | Commodities and Trade |
COCOA COUNCIL HEAD TO PRESENT BUFFER COMPROMISE
| International Cocoa Organization, ICCO,
council chairman Denis Bra Kanon will present a compromise
proposal on buffer stock rules to producer and consumer
delegates either later today or tomorrow morning, delegates
said.
Bra Kanon held private bilateral consultations with major
producers and consumers... | Corporate News |
SIEMENS REBUTTS U.S. CRITICISM ON CGCT OFFER
| Siemens AG <SIEG.F> rebutted U.S.
Criticism it is blocking American Telephone and Telegraph
Corp's <T.N>, AT and T, entry into French telecommunications
firm <Compagnie Generale Constructions Telephoniques>, CGCT.
Management board member Hans Baur told journalists that the
acquisition of a join... | Commodities and Trade |
MULFORD DISAPPOINTED IN NEWLY INDUSTRIALIZED (NICS) EFFORTS TO STRENGTHEN CURRENCIES
|
MULFORD DISAPPOINTED IN NEWLY INDUSTRIALIZED (NICS) EFFORTS TO STRENGTHEN CURRENCIES
| Other |
FORD <F> NEARS GM <GM> IN EXECUTIVE BONUSES
| Ford Motor Co neared General Motors
Corp last year in executive bonuses, while it topped the larger
automaker in profit sharing payments to workers.
Ford, which outstripped GM in earnings last year, said its
1986 incentive bonuses totaled 167 mln dlrs, slightly behind
General Motors' 169.1 mln.
Ge... | Financial Reports |
MULFORD SAYS GERMANY, JAPAN SHOULD DO MORE
| Treasury Assistant Secretary David
Mulford said he did not believe that West Germany and Japan
have yet carried out their international responsibilities.
"I do not believe they have up to this time," Mulford told
a Senate banking subcommittee.
He said that for the U.S. trade deficit to continue
im... | Commodities and Trade |
EC GRANTS EXPORT LICENCES 197,000 TONNES FREE MARKET MAIZE, ZERO BARLEY - PARIS TRADERS
|
EC GRANTS EXPORT LICENCES 197,000 TONNES FREE MARKET MAIZE, ZERO BARLEY - PARIS TRADERS
| Commodities and Trade |
PIER 1 IMPORTS <PIR> DECLARES STOCK SPLIT
| Pier 1 Imports Inc said its
board declared a three-for-two split of its common stock and
its 25 cents preferred stock, and declared a regular quarterly
dividend of two cents per share on the pre-split shares of
common stock outstanding.
Pier 1 also declared a 12.5 pct annual dividend increase
for the ... | Other |
LANCER CORP <LACR> 4TH QTR NET
| Shr 12 cts vs 15 cts
Net 282,000 vs 360,000
Revs 5,261,000 vs 5,348,000
Avg shrs 2,336,000 vs 2,335,000
Year
Shr 91 cts vs 1.04 dlrs
Net 2,149,000 vs 2,075,000
Revs 28.2 mln vs 28.3 mln
Avg shrs 2,356,000 vs 2,001,000
NOTE: 1986 quarter net includes 72,000 dlr cha... | Commodities and Trade |
MACNEAL-SCHWENDLER CORP <MNS> 4TH QTR JAN 31 NET
| Shr 16 cts vs 11 cts
Net 1,888,000 vs 1,307,000
Revs 7,365,000 vs 5,877,000
Year
Oper shr 58 cts vs 40 cts
Oper net 7,005,000 vs 4,866,000
Revs 27.1 mln vs 21.1 mln
NOTE: Prior year net excludes 263,000 dlr loss from
discontinued operations and 2,073,000 dlrs on disposal.
... | Industrial and Sector News |
NICHOLS INSTITUTE <LAB> 1ST QTR FEB 28 NET
| Shr two cts vs one ct
Net 83,000 vs 32,000
Revs 11.2 mln vs 7,625,000
| Corporate News |
FIRST MEDICAL DEVICES CORP <FMDC> YEAR LOSS
| Shr loss 97 cts
Net loss 1,364,453
Sales 737,971
NOTE: Company in development stage.
| Commodities and Trade |
HEALTHMATE <HMTE> EXPECTS QUALIFIED OPINION
| HealthMate Inc said its
auditors, Laventhol and Horwath, indicated they will issue a
qualified opinion on the company's financial statements.
The company, which went public in March 1985, earlier
reported losses for the fourth quarter.
It said the auditor's statement, known as a "subject to"
opini... | Other |
HEALTHMATE INC <HMTE> 4TH QTR LOSS
| Shr loss five cts vs loss six cts
Net loss 473,784 vs loss 489,257
Revs 268,797 vs 81,725
Avg shrs 9,245,247 vs 8,035,326
Year
Shr loss 17 cts vs loss 20 cts
Net 1,512,534 vs loss 1,553,592
Revs 1,448,310 vs 515,225
Avg shrs 8,745,132 vs 7,619,863
| Commodities and Trade |
USAIR <U> CLEARED TO BUY PIEDMONT <PIE> SHARES
| USAir Group Inc said the U.S.
Department of Transportation has issued an order allowing it to
purchase and hold in a voting trust the 9,309,394 Piedmont
Aviation Inc shares USAir is seeking in its current 69 dlr per
share tender offer.
The company said the new order supersedes an order issued
by the d... | Commodities and Trade |
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
|
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE, FED SAYS
| Financial Reports |
HOUSE OF FABRICS INC <HF> 4TH QTR JAN 31 NET
| Shr 34 cts vs 20 cts
Net 2,253,000 vs 1,332,000
Sales 89.7 mln vs 85.9 mln
Year
Shr 94 cts vs 64 cts
Net 6,191,000 vs 4,257,000
Sales 316.4 mln vs 286.7 mln
NOTE: Prior year net both periods includes 2,100,000 dlr
charge from sale of Craft Showcase stores.
| Other |
GERMAN RETAILERS EXPECT GOOD 1987
| West German retailers expect another good
year in 1987 even though they will not be able to repeat the
sharp increase in turnover they enjoyed in 1986, the General
Association of the German Retail Trade (HDE) said.
HDE President Wolfgang Hinrichs said retailers would be
satisfied with a real turnover in... | Corporate News |
GERMAN WAGE ROUND SAID TO LIMIT MONETARY OPTIONS
| The Bundesbank's options for West
Germany monetary policy are limited for the foreseeable future
by the delicate stage of wage negotiations between unions and
employers, economists and money market dealers said.
Call money fell in quite active trading today, dropping to
3.40/50 pct from 3.55/65 pct yest... | Market and Economy |
FOREIGN FIRMS HOPE TO JOIN JAPAN TELECOM COMPANY
| President Nobuo Ito of International
Telecom Japan Inc (ITJ), one of two rival firms seeking to
enter Japan's international telecommunications market, said it
will offer a stake in the company to 10 foreign firms.
But he declined to specify what share the firms would
take, and told Reuters they would ... | Financial Reports |
SIEMENS RAISES STAKE IN TELECOM PLUS OF U.S.
| Siemens AG's <SIEG.F>
fully-owned subsidiary Siemens Informations Systems Inc. Has
raised its stake in <Telecom Plus Communications Inc.> by 65
pct to 100 pct, a Siemens spokesman said.
He added that Telecom Plus Communications was the largest
independent supplier of telephone exchange systems in ... | Financial Reports |
FIRST INTERSTATE SEEKS ACQUISITION
| Less than two months after First
Interstate Bancorp withdrew its bold attempt to buy BankAmerica
Corp, Chairman Joseph Pinola is still looking for a good buy,
but he is also looking at ways to avoid being bought.
In a wide-ranging interview, Pinola said he's looking for
ways to improve profitability and... | Financial Reports |
<NATIONAL SEA PRODUCTS LTD> 4TH QTR NET
| Oper shr 43 cts vs 21 cts
Oper net 6,846,000 vs 3,386,000
Revs 137.1 mln vs 107.6 mln
Year
Oper shr 1.36 dlrs vs 42 cts
Oper net 21,764,000 vs 7,239,000
Revs 516.4 mln vs 454.7 mln
Note: 1986 qtr excludes extraordinary gain of 784,000 dlrs
or five cts share, versus extraord... | Financial Reports |
HOUSE OF FABRICS <HF> SEES RESULTS IMPROVING
| House of Fabrics Inc said
it expects growth in earnings and revenues as the current
fiscal year progresses.
It said it will open about 50 super stores this year.
House of Fabrics now operates 703 stores.
The company today reported earnings for the year ended
January 31 of 6,191,000 dlrs on sales ... | Corporate News |
U.S. SENATE HITS EC OILS TAX, VOWS RETALIATION
| The Senate voted to condemn the
proposed European common market tax on vegetable and fish fats
and oils and said it would result in retaliation.
The non binding Senate resolution, a sense of Senate
sentiment, was approved on a 99 to 0 vote.
"The administration should communciate to the European
Co... | Financial Reports |
KODAK <EK> BUYS STAKE IN BIOTECHNOLOGY COMPANY
| Eastman Kodak Co said it has
reached an agreement to acquire new stock representing a 16 pct
interest in industrial biotechnology company <Genencor Inc> for
undisclosed terms.
Other Genencor shareholders include Staley Continental Inc
<STA>, Corning Glass Works <GLW> and Genentech Inc <GENE>... | Corporate News |
AVERY <AVY> 1ST QTR FEB 28 NET
| Shr 33 cts vs 30 cts
Net 13.0 mln vs 11.9 mln
Sales 330.8 mln vs 249.7 mln
| Other |
FED SETS TWO BILLION DLR CUSTOMER REPURCHASE
| The Federal Reserve entered the U.S.
government securities market to arrange two billion dlrs of
customer repurchase agreements, a spokeswoman for the New York
Fed said.
Federal funds were trading at 6-3/16 pct at the time of the
indirect injection of temporary reserves.
| Other |
SENATE SEEKS U.S. PROBE OF CANADIAN CORN LEVY
| The Senate voted unanimously to seek
an expedited U.S. probe of Canadian tariffs on corn imports to
determine if the United States should retaliate.
By 99 to 0, the Senate went on record against the 84.9
cents per bushel tariff approved by the Canadian Import
Tribunal.
The non binding measure aske... | Other |
U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN
| The Bank of England said it had revised
its forecast of the shortage in the money market down to 450
mln stg before taking account of its morning operations. At
noon the bank had estimated the shortfall at 500 mln stg.
| Other |
KNIGHT-RIDDER INC <KRN> SETS QUARTERLY
| Qtly div 25 cts vs 25 cts prior
Pay April 13
Record April Six
| Other |
TECHNITROL INC <TNL> SETS QUARTERLY
| Qtly div 12 cts vs 12 cts prior
Pay April 21
Record April Seven
| Corporate News |
NATIONWIDE CELLULAR SERVICE INC <NCEL> 4TH QTR
| Shr loss six cts vs loss 18 cts
Net loss 89,478 vs loss 178,507
Revs 3,894,844 vs 1,964,141
Avg shrs 1,582,790 vs one mln
Year
Shr loss 43 cts vs loss 81 cts
Net loss 534,099 vs loss 811,836
Revs 12.2 mln vs 5,167,573
Avg shrs 1,251,337 vs one mln
| Other |
<A.H.A. AUTOMOTIVE TECHNOLOGIES CORP> YEAR NET
| Shr 43 cts vs 52 cts
Shr diluted 41 cts vs 49 cts
Net 1,916,000 vs 2,281,000
Revs 32.6 mln vs 22.6 mln
| Industrial and Sector News |
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