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HOME FEDERAL OF THE ROCKIES <HROK> 4TH QTR LOSS
Shr loss 2.07 dlrs vs profit 36 cts Net loss 1,088,000 vs profit 187,000 Year Shr loss 12.23 dlrs vs profit 17 cts Net loss 645,000 vs profit 89,000 NOTE: Home Federal Savings and Loan Association of the Rockies. 1986 net includes tax credits of 165,000 dlrs in quarter and 189,000 dlrs in year. ...
CANADA DECEMBER GDP GAINS 1.2 PCT
Canada's gross domestic product, by industry, rose a seasonally adjusted 1.2 pct in December, the largest monthly gain since April, 1986, Statistics Canada said. GDP, which fell 0.2 pct in November, was 2.1 pct above the December, 1985 level, the federal agency said. Output of goods producing industries rose 1....
SAATCHI AND SAATCHI BUYS CLEVELAND CONSULTING
Advertising agents Saatchi and Saatchi Co Plc <SACHY> said it was buying <Cleveland Consulting Associates Inc> for an initial consideration of 2.0 mln dlrs. Additional payments may be made annually through the year ending March 31, 1991 to bring the total consideration up to 9.5 pct of Cleveland's average post-tax ...
UNILEVER'S <UN> CHESEBROUGH OFFERS TO SELL BASS
Chesebrough-Pond's Inc, recently acquired by a unit of Unilever N.V., said it is offering to sell its Bass shoe division, as a result of an ongoing evaluation of the long-term direction of its businesses. The diversified maker of health and beauty aids, said it acquired Falmouth, Maine-based G.H. Bass and Co in 197...
CONTINENTAL <GIC> SEES 1987 NET UP FROM TAX LAW
Continental Corp said the fresh start provision of the Tax Reform Act of 1986 may add 1.30 to 1.60 to 1987 earnings per share. The insurance holding company had net earnings of 449.6 mln dlrs, or, or 7.42 per share, in 1986. John Loynes, Continental chief financial officer, said the fresh start provision allowe...
ONTARIO TREASURY BILL YIELD EDGES UP
This week's Ontario government auction of 50 mln dlrs worth of 91-day treasury bills yielded an average of 7.28 pct, up slightly from 7.26 pct last week, a treasury department spokesman said. Average price was 98.217. Reuter 
FIRESTONE TO CLOSE TIRE PLANTS IN IOWA, ILLINOIS AND OKLAHOMA
FORD MOTOR CO OF CANADA LTD <FC> 4TH QTR NET
Shr 8.17 dlrs vs 55 cts Net 67.7 mln vs 4.5 mln Revs 3.67 billion vs 3.54 billion Year Shr 12.19 dlrs vs 24.00 dlrs Net 101.1 mln vs 199.0 mln Revs 14.33 billion vs 13.35 billion Note: 90 pct owned by Ford Motor Co <F> Reuter 
ROYAL BANK OF CANADA 1ST QTR SHR 88 CTS VS 1.22 DLRS
BELGIAN MINISTER SEES NEW ACCORD ON EC OILS/FATS
Belgian Foreign Trade Minister Herman De Croo said he believed there would be a compromise within the European Community, EC, on its proposed tax on vegetable fats and oil, averting a pledged tough trade response by the United States. De Croo, in Washington for talks with Administration officials and Congressional ...
ANITEC IMAGE TECHNOLOGY CORP <ANTC> 2ND QTR NET
Shr 33 cts vs 28 cts Net 3,722,000 vs 3,103,000 Sales 33.0 mln vs 31.8 mln Avg shrs 11.2 mln vs 11.1 mln 1st half Shr 68 cts vs 58 cts Net 7,585,000 vs 6,346,000 Sales 65.9 mln vs 61.3 mln Avg shrs 11.2 mln vs 11.0 mln NOTE: Share adjusted for three-for-two October 1986 stock split. ...
DUTCH MONEY MARKET DEBT BARELY CHANGED IN WEEK
Loans and advances from the Dutch central bank to the commercial banks were barely changed at 12.9 billion guilders in the week up to and including March 2, the central bank weekly return showed. The Treasury's account with the bank dropped 1.3 billion guilders. Dealers said a larger amount of funds in the form of ...
NEXXUS <NEXX> SIGNS CONTRACTS WORTH 10 MLN DLRS
Nexxus Technologies Inc said it has signed production contracts totaling about 10 mln dlrs with three major U.S. gem wholesalers. The company said it expects to start operations on these contracts in May, adding the work will continue through late 1989. Additional contracts with international gem wholesalers are ex...
CHRYSLER <C> FEBRUARY U.S. CAR OUTPUT OFF
Chrysler Corp said its U.S. car production in February totalled 110,552 units compared with 123,092 a year ago. The company said its U.S. truck production in the month totalled 21,177 compared with none a year ago. Year-to-date, Chrysler said its U.S. car output was 216,987 compared with 257,941 and truck produ...
U.S. BANKING CHAIRMAN URGES CAUTION ON FSLIC BILL
House Banking committee chairman Fernand St Germain, D-R.I., called for caution in giving savings associations forbearance in paying their debts as part of a bill providing three billion dlrs in new capital for the Federal Savings and Loan Insurance Corp. "We cannot let forbearance stretch to protect the mismanaged...
COMPUTER COMPANIES FORM NETWORKING GROUP
A number of computer companies said they formed Network Computing Forum, an industry group focusing on ways to tie computers, workstations and networks together. The participants include Apollo Computer Inc <APCI>, Alliant Computer Systems Corp <ALNT>, Apple Computer Inc <AAPL>, Concurrent Computer Inc <CCUR>, and ...
DASA CORP <DASA> YEAR NET
Shr profit three cts vs loss 11 cts Net profit 507,000 vs loss 1,823,000 Revs 11.2 mln vs 204,000 Reuter 
GROUP TRIMS MATERIAL SCIENCES <MSC> STAKE
An investor group led by Central National-Gottesman Inc, a New York investment firm, and its executive vice president, Edgar Wachenheim, said they cut their stake in Material Sciences Corp to less than five pct. In a filing with the Securities and Exchange Commission, the group said it sold 19,500 Material Sciences...
SAPPORO BREWERIES PLANS 100 MLN SWISS FRANC NOTES
Sapporo Breweries Ltd is launching a 100 mln Swiss franc, 4-5/8 pct, five-year guaranteed notes issue priced at 100-1/4 pct, lead manager Swiss Bank Corp said. The issue is guaranteed by Fuji Bank and payment date is March 17. REUTER 
FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
CHRYSLER <C> FEBRUARY U.S. CAR OUTPUT DOWN
Chrysler Corp said its February U.S. car production was 110,552 compared with 123,092 a year ago. The number three automaker said U.S. truck production totalled 21,177 compared with nine last year. The figures exclude Canadian truck production, much of which is sold to U.S. dealers. Year-to-date, Chrysler said ...
ADC TELECOMMUNICATIONS INC <ADCT> 1ST QTR NET
Periods ended Jan 31 Shr 28 cts vs 35 cts Net 2,374,000 vs 2,987,000 Sales 35.2 mln vs 34 mln Backlog 36.8 mln vs 33.9 mln Reuter 
TYLAN CORP <TYLN> TO SELL FURNACE PRODUCT LINE
Tylan Corp aid it has retained the investment banking firm Kahn and Harris to sell its furnace product line. The company said it has already been contacted by several potential buyers. In 1986, Tylan's furnace product shipments in the U.S. represented 10.3 mln dlrs of the company's total net sales of 28.4 mln d...
<ROYAL BANK OF CANADA> 1ST QTR JAN 31 NET
Shr basic 88 cts vs 1.22 dlrs Shr diluted 83 cts vs 1.10 dlrs Net 114,108,000 vs 140,389,000 Avg shrs 107.5 mln vs 100.5 mln Loans 66.4 billion vs 65.9 billion Deposits 82.8 billion vs 84.4 billion Assets 98.7 billion vs 96.7 billion. Reuter 
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements, a Fed spokesman said. Dealers said Federal funds were trading at 6-1/4 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter 
HOME SHOPPING <HSN> SETS STOCK OPTIONS
Home Shopping Network Inc said its board approved plans to offer a stock option plan for its cable television operators. The company said it will offer the options in exchange for a commitment to operate the company's programs to a set number of subscribers for five years. The agreement also includes a five year ex...
BOGERT OIL <BOGO> BUYS WELLS, DRILLING RIGS
Boget Oil Co said it has purchased interests in about 200 wells in Oklahoma and seven medium-depth drilling rigs for 4.5 mln dlrs. The company said it will be able to incorporate the 150 operated wells within its field organization and intends to dispose of the rigs by private sale or auction in the near future. R...
SUPRADUR COS INC <SUPD> YEAR NET
Oper shr 1.58 dlrs vs 77 cts Oper net 1,648,000 vs 817,000 Sales 25.7 mln vs 20.5 mln NOTE: Net excludes discontinued operations gain 451,000 dlrs vs loss 4,310,000 dlrs. Reuter 
ITALIAN PRIME MINISTER CRAXI SAYS HE WILL RESIGN
Socialist Prime Minister Bettino Craxi said his five party coalition government would resign. Craxi, Italy's prime minister for a postwar record of 3-1/2 years, told the Senate (upper house) he would hand his and the government's resignation to President Francesco Cossiga immediately after leaving the chamber. ...
ADOBE SYSTEMS <ADBE> SETS PACT WITH IBM <IBM>
Adobe Systems Inc said it signed a contract with International Business Machines, giving IBM licensing rights to its PostScript page description language interpreter. Adobe said IBM plans to use PostScript as one of the foundation elements of its preferred environments for IBM electronic publishing products. Reute...
U.S. SETS CORN DEFICIENCY PAYMENT HALF PIK CERTS
The upcoming five-month deficiency payments to corn and sorghum farmers will be made half in cash and half in generic commodity certificates, a senior Agriculture Department official told Reuters. Around 300 mln dlrs of the in-kind certificates, or "certs," will be mailed out to farmers around March 15 or 16, Tom v...
FORD CANADA <FC> PROFIT DOWN ON CHANGEOVER COST
Ford Motor Co of Canada Ltd, 90 pct owned by Ford Motor Co <F>, said the earlier reported decline in full year net profit was mainly due to changeoover costs at its Essex, Ontario engine plant. Ford Canada also said sharply improved fourth quarter results were due to improved cost recovery and lower product program...
FIRESTONE <FIR> TO CLOSE THREE TIRE PLANTS
Firestone Tire and Rubber Co has notified the United Rubber Workers the company will close its Des Moines, Iowa, Bloomington, Ill., and Oklahoma City tire plants on or before September 15. A Firestone spokesman said the cost of the closings will be covered by the 65 mln dlrs restructuring charge the company took in...
WALLACE COMPUTER SERVICES INC <WCS> 2ND QTR NET
Shr 69 cts vs 64 cts Net 7,046,000 vs 6,492,000 Sales 85.7 mln vs 79.6 mln Six Mths Shr 1.28 dlrs vs 1.19 dlrs Net 13,098,000 vs 12,006,000 Sales 166.3 mln vs 153.3 mln NOTE: Periods end January 31, 1987 and 1986, respectively. Reuter 
AMERICAN VANGUARD CORP <AMGD> YEAR NET
Shr 57 cts vs 27 cts Net 1,002,000 vs 470,000 Sales 15.9 mln vs 12.0 mln Note: 4th qtr data not available Reuter 
INTL FINANCE CORP IN 50 MLN DLR PRIVATE PLACEMENT
The International Finance Corp is privately placing a 50 mln dlr bond due April 7, 1997 carrying a 7-5/8 pct coupon and priced at 99-3/4 pct, Bank of Tokyo International Ltd said as sole lead manager for the issue. The bond is available in denominations of 25,000 dlrs and will be listed in Luxembourg. REUTER 
NORTH AMERICAN BIOLOGICALS INC <NBIO> 4TH QTR
Oper shr one ct vs three cts Oper net 99,000 vs 327,000 Revs 12.1 mln vs 8,800,000 Avg shrs 15.5 mln vs 11.3 mln Year Oper shr six cts vs 11 cts Oper net 841,000 vs 956,000 Revs 44.1 mln vs 34.4 mln Avg shrs 15.3 mln vs 8,519,677 NOTE: Net excludes tax credits of 299,000 dlrs vs 29,0...
OMNICOM GROUP INC <OMCM> 4TH QTR NET
Shr profit 27 cts vs profit 51 cts Net profit 6,600,000 vs profit 12,231,000 Revs 211.7 mln vs 193.4 mln 12 mths Shr loss 17 cts vs profit 1.27 dlrs Net loss 4,077,000 vs profit 30,142,000 Revs 753.5 mln vs 673.4 mln NOTE: in qtr ended 1986 the company recognized expenses of 5,948,000 for re...
AMC <AMO> FEBRUARY CAR OUTPUT DECLINES
American Motors Corp said its February U.S. car production declined to 2,978 units from 3,808 a year ago. AMC said its U.S. jeep production rose to 18,651 from 16,673 last year. Year-to-date, AMC said its car output declined to 6,6069 from 6,631 and jeep production declined to 37,207 from 40,586 in the comparab...
VENEZUELA PLANS NEW BORROWING WITH LIMITS
Venezuela will limit new loans to 50 pct of the interest and principal it repays on its 31 billion dlr foreign debt, President Jaime Lusinchi told political leaders. Speaking last night at a new session of congress, he said last week's agreement to reschedule 21 billion dlrs in public sector foreign debt at lower i...
DEUTSCHE BANK UNIT ISSUES 75 MLN STG EUROBOND
Deutsche Bank Finance NV Curacao is issuing a 75 mln stg eurobond due April 2, 1997 paying 9-7/8 pct and priced at 101-3/4 pct, joint-lead manager Kleinwort, Benson Ltd said. Deutsche Bank Capital Markets is the other joint-lead manager. The issue is guaranteed by Deutsche Bank AG and is callable at 100-3/8 pct aft...
BBL SHAREHOLDERS AUTHORISE CAPITAL RAISE
Shareholders in Banque Bruxelles Lambert <BBLB.B>, BBL, authorised the bank to increase capital by five billion francs to 20 billion in the next five years, a bank spokesman said. BBL, Belgium's second largest commercial bank, had failed to win shareholder approval for the move last month because of a lack of quoru...
ANITEC IMAGE <ANTC> FILES FOR DEBT OFFERING
Anitec Image Technology Inc said it filed a registration statement with the Securities and Exchange Commission for a proposed offering of 60 mln dlrs in convertible subordinated debentures. Anitec said the proceeds will be used for acquisitions, joint ventures and other investments. Anitec said the offering is ...
AMC FEBRUARY CAR OUTPUT DECLINES
American Motors Corp said its February U.S. car production declined to 2,978 units from 3,808 a year ago. AMC said its U.S. jeep production rose to 18,651 from 16,673 last year. Reuter 
SAVIN <SVB> IN PACT WITH SUN CHEMICAL <SNLA>
Savin Corp said it has reached an agreement for Sun Chemical Corp to study the potential of Savin infrared technology for possible use in classified U.S. military applications. It said a royalty-bearing license could result. Reuter 
CHILEAN CONSUMER PRICES RISE 1.7 PCT IN FEBRUARY
Chile's consumer price index rose 1.7 pct in February to 562.01 (December, 1978 equals 100) after increases of 2.0 pct in January and 0.9 pct in February 1986, the government's National Statistics Institute said. Inflation as measured by the index rose to 17.5 pct over the 12 months to the end of February, compared...
COPPER STUDY GROUP CONSIDERED AT GENEVA MEETING
Major copper producing and consuming countries are considering a U.S. proposal to set up a study group to review the world copper market, delegates said. The U.S. initiative was introduced last December at a meeting held here under the auspices of the United Nations Conference on Trade and Development (UNCTAD). ...
CRAY <CYR> INSTALLS COMPUTER FOR GRUMMAN <GQ>
Cray Research Inc said it installed a Cray X-MP/14 supercomputer valued at eight mln dlrs at Grumman Corp's Grumman Aerospace Corp. Cray said the system, which includes a 550 solid state storage device, was installed in the first quarter at Grumman's scientific computer facility in Bethpage, N.Y. The system rep...
RESERVE OIL <ROIL> HOLDERS APPROVE NAME CHANGE
Reserve Oil and Minerals Corp said its shareholders approved changing the name of the company to Reserve Industries Corp. The company said it has contracted to purchase, process and recycle various waste materials generated at the Ogden, Utah, zirconium plant of Westinghouse Electric Corp's <WX> Western Zieconium s...
JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED
Japan bought 5,000 tonnes of Canadian rapeseed overnight at an undisclosed price for April shipment, trade sources said. Reuter 
ROYAL BANK/CANADA SEES HIGHER 1987 LOAN LOSSES
<Royal Bank of Canada> said it estimates 1987 loan losses at one billion dlrs, a 25 mln dlr increase over last year. Royal Bank said it set its provisions "given the continued debt-servicing problems ... in the North American energy industry and the uncertain outlook for energy prices," and also continued to add to...
PANTERA <PANT> AND PIZZA <PZA> AGREE TO MERGE
Pantera's Corp said it agreed in principle to acquire Pizza Inn Inc in a cash and stock transaction. Under terms of the proposed transaction, each Pizza Inn share can be exchanged for either three dlrs in cash plus the lesser of 1.4 shares of Pantera's common stock or 11.50 dlrs market value of Pantera's stock, or ...
SWISS MONEY MARKET PAPER YIELDS 3.286 PCT
The Swiss Federal Government's new series of six-month money market certificates raised 177.5 mln Swiss francs at an issue price of 98.401 pct to give an average annual yield of 3.286 pct, the National Bank said. Payment date is March 5. The last series of six-month paper issued in January raised 159.6 mln fran...
BBL SHAREHOLDERS AUTHORISE CAPITAL RAISE
Shareholders in Banque Bruxelles Lambert <BBLB.B>, BBL, authorised the bank to increase capital by five billion francs to 20 billion in the next five years, a bank spokesman said. BBL, Belgium's second largest commercial bank, had failed to win shareholder approval for the move last month because of a lack of quoru...
NIGERIA, GUINEA SET UP IRON ORE FIRM WITH LIBERIA
Nigeria and Guinea agreed to set up a new company with Liberia to carry out the 14-year-old Mifergui-Nimba iron ore project, an official communique said. The communique was issued after two days of talks here between Guinean natural resources minister Ousmane Sylla and Nigerian minister of mines and power Bunu Sher...
DISTRIBUTED LOGIC CORP <DLOG> 1ST QTR LOSS
Qtr ended Jan 31 Shr loss nine cts vs profit 13 cts Net loss 231,256 vs profit 341,730 Revs 2,793,677 vs 3,676,296 Reuter 
CANADA INDUSTRIAL PRODUCTION UP 2.53 PCT
Canadian industrial production rose 2.53 pct in December after falling 0.51 pct in November, Statistics Canada said. The federal agency said year-over-year production was off 0.65 pct in December, compared with a decline of 1.65 pct in November. Reuter 
LIFETIME <LFT> TO BUY SHARES OF NIPPON LACE
Lifetime Corp said it agreed to buy five mln shares, or 16 pct, of <Nippon Lace Co Ltd> for 3.28 dlrs a share, or 16.5 mln dlrs. It said it plans to enter the health care business in Japan. In addition, it said <Koba Electronics Co Ltd>, an affiliate of Lifetime, will buy four mln unissued shares, or a 12 pct s...
INTERMEDICS INC <ITM> 1ST QTR NET
Oper shr 26 cts vs 18 cts Oper net 2,877,000 vs 1,363,000 Revs 44.3 mln vs 40.8 mln Avg shrs 10.9 mln vs 10.5 mln NOTE: prior qtr excludes loss 475,000, or five cts per share, for discontinued operations for the sale of subsidiaries Intermedics Intraocular Inc, Electronics Inc, and Intermedics Infusaid ...
MODULAR TECHNOLOGY <MTIK> NAMES PRESIDENT
Modular Technology Inc said its board of directors elected Frederick H. Goldberger, a business consultant, to be president of the company. Modular Technology's former president, Harvey T. Lyon, was named senior managing director and will continue on the board. Reuter 
CANONIE ENVIRONMENTAL <CANO> GETS CONTRACT
Canonie Environmental Services Corp said it signed a contract to design and build a ground water cleanup system for Purex Industries Inc to be installed at a Mitchel Field Transit Authority site in Nassau County, N.Y. Canonie said the contract for work, which will complete a project begun earlier at the site, is wo...
VICTORIA STATE BODY ISSUES CANADIAN DLR EUROBOND
Victorian Public Authorities Finance Agency is issuing a 100 mln Canadian dlr bond due April 15, 1992 paying 8-1/2 pct and priced at 100-5/8 pct, lead manager Wood Gundy Ltd said. The non-callable bond is available in denominations of 1,000 and 10,000 Canadaian dlrs and will be listed in Luxembourg. It is guarantee...
BENEFICIAL CORP TO SELL INSURANCE UNIT, REMOVING COMPANY FROM INSURANCE BUSINESS
WALGREEN CO FEBRUARY SALES UP 18.8 PCT
LORAL CORP LOWERED BY STANDARD AND POOR'S, AFFECTS 640 MLN DLRS OF DEBT
FORD CANADA CUTS ANNUAL DIVIDEND BY SIX DLRS TO SIX DLRS CASH A SHARE
ELECTROSPACE <ELE> GETS ARMY OK FOR CONTRACT
Electrospace Systems Inc said it was ordered by the U.S. Army to immediately proceed with the design and production of a computer-based control system for the army's tactical voice and data communications network, in a contract potentially worth 101 mln dlrs. It said the order followed a favorable ruling by the Gen...
PAINE WEBBER RESIDENTIAL REALTY INC <PWM> DIV
Qtrly 25 cts vs 16 cts Pay March 30 Record March 13 NOTE: Prior qtr is for two months operation, October and November and represents a parital dividend. Reuter 
OMNICOM GROUP <OMCM> SETS REGULAR PAYOUT
Qtlry div 24.5 cts vs 24.5 cts Pay April 6 Record March 16 Reuter 
DATACORPY <DCPY> IN PACT WITH XEROX <XRX>
Datacopy Corp said it has signed a joint marketing agreement for its Model 730 office image scanner with Xerox Corp. Under the pact, Xerox sales force will reference-sell the scanner as its choice for desktop publishing applications. Datacopy will supply Xerox with technical support and respond to customer order...
ARGOSYSTEMS <ARGI> WINS GOVERNMENT CONTRACT
ARGOSystems Inc said it won a 15-mln-dlr contract with the U.S. Government to deliver 25 digital signal processing systems with spares over the next three years. The company said it how has a record backlog of over 155 mln dlrs, up 30 pct from a year ago. Reuter 
KNUTSON MORTGAGE <KNMC> SEES STRONG SECOND QTR
Knutson Mortgage Corp said it expects strong earnings performance for its initial fiscal second quarter earnings ending March 31 since going public in September 1986. Albert Holderson, Knutson chairman, said he expects earnings of about 40 cts per share for the quarter as a result of a strong mortgage business duri...
DANISH RESERVES RISE IN FEBRUARY
Denmark's net official reserves rose to 36.34 billion crowns in February from 28.00 billion in January, against a revised 45.85 billion in February 1986, the central bank said in its monthly balance sheet report. Total net reserves, including reserves held by commercial and major savings banks, rose to 38.26 billio...
WORLD BANK TEAM ARRIVES IN UGANDA
A World Bank team led by senior economist Katrine Saito arrived in Uganda for talks on an economic recovery program projected to cost one billion dlrs over three years. The four-member mission is expected to stay two to three weeks. An International Monetary Fund (IMF) team is due here over the same period, a World...
INTERMEDICS INC <ITM> 1ST QTR FEB ONE NET
Oper shr 26 cts vs 18 cts Oper net 2,877,000 vs 1,838,000 Revs 44.3 mln vs 40.8 mln NOTE: Current 1st qtr oper net excludes operating loss carryforward of 1,694,000 or 16 cts per share. 1986 1st qtr oper net excludes loss carryforward of 78,000 dlrs or one ct per share and loss from discontinued operations ...
CARME INC <CAME> 2ND QTR JAN 31 NET
Shr nine cts vs one ct Net 247,489 vs 27,301 Sales 1,933,107 vs 796,613 Six mths Shr 21 cts vs five cts Net 565,106 vs 121,997 Sales 3,781,970 vs 1,778,110 Reuter 
WILLCOX AND GIBBS INC <WG> 4TH QTR NET
Shr 42 cts vs 76 cts Net 2.3 mln vs 3.3 mln Revs 72.3 mln vs 59.8 mln Year Shr 1.48 dlrs vs 2.59 dlrs Net 7.6 mln vs 11.1 mln Revs 261.7 mln vs 224.7 mln NOTE: 1985 net includes extraordinary gain of 1.5 mln dlrs or 35 cts per share in 4th qtr and 5.1 mln or 1.19 dlrs for the year. Reut...
WALGREEN <WAG> FEBRUARY SALES RISE
Walgreen Co said its sales in February rose 18.8 pct over sales during the same month last year. Walgreen said it sold 328.5 mln dlrs worth of goods in February, up from 276.5 mln in February 1986. This year's February figures include sales from 65 Medi Mart drugstores acquired last June by the company. At Febr...
Italian government has resigned, officials announced
OMNICOM GROUP INC <OMCM> 4TH QTR NET
Shr profit 27 cts vs profit 51 cts Net profit 6,600,000 vs profit 12.2 mln Revs 211.7 mln vs 193.4 mln Qtly div 24.5 cts vs 24.5 cts Avg shrs 24.2 mln vs 23.8 mln Year Shr loss 17 cts vs profit 1.27 dlrs Net loss 4,077,000 vs profit 30.1 mln Revs 753.5 mln vs 673.4 mln Avg shrs 24.4 ...
FORD MOTOR CO OF CANADA LTD<FC> CUTS ANNUAL DIV
Annual div six dlrs vs 12 dlrs prior Pay March 19 Record March 13 Note: 1986 payout includes two dlrs a share extra dividend 1985 payout includes four dlrs a share extra dividend Reuter 
ITALIAN GOVERNMENT RESIGNS
Italian Prime Minister Bettino Craxi and his five-party coalition government have resigned, officials said. A statement from the Quirinal presidential palace said head of state Francesco Cossiga had reserved his decision on whether to accept the resignation, normal procedure when a government stands down. The s...
TOTAL U.S. COPPER STOCKS LOWER IN JANUARY
Total copper stocks held by U.S. rod mills and refiners (including wirebars, cathodes, scrap, rod and in-process material) dropped to 155,467,000 lbs at the end of January from 203,513,000 lbs at the end of December, the American Bureau of Metal Statistics said. Rod stocks held by refiners and rod mills decreased t...
ONE OFFER FOR SRW WHEAT ON CALL SESSION, NO MILO
One offer but no bid was posted for SRW wheat on the call session at the St Louis Merchants Exchange today. There were no bids or offers for milo. June 15-July 15 bill of lading for wheat was offered at 17 over July, no comparison, no bid. Reuter 
LORAL <LOR> DEBT LOWERED BY S/P
Standard and Poor's Corp said it lowered the ratings on Loral Corp's subordinated debt to BBB from A-minus. The issue is removed from creditwatch where it was placed with negative implications in January after Loral said it planned to acquire Goodyear Aerospace Corp for 640 mln dlrs. S/P said the acquisition en...
GUARANTEE <GFCC> UNIT'S DEBT ON S/P WATCH
Standard and Poor's Corp said it placed the subordinated debt of Guarantee Savings and Loan Association, the principle unit of Guarantee Financial Corp, on creditwatch with positive implications. About 57 mln dlrs of debt is affected. S/P said the move follows Gurantee's definitive agreement to be acquired by G...
UNITED HEALTHCARE CORP <UNIH> 4TH QTR NET
Shr 10 cts vs 13 cts Net 1,553,000 vs 1,541,000 Revs 73.1 mln vs 32.1 mln Avg shrs 15,474,000 vs 12,316,000 Year Shr 47 cts vs 24 cts Net 7,241,000 vs 2,835,000 Revs 216.2 mln vs 101.2 mln Avg shrs 15,492,000 vs 11,921,000 Note: Net income includes extraordinary profit from recogniti...
GENERAL AUTOMATION <GENA> SETS LEASING PACT
General Automation Inc said it has arranged a ten-mln-dlr leasing facility with Wells Fargo and Co's <WFC> Wells Fargo Leasing Corp. The program is a one-year facility that will allow financing for ZEBRA computers, other General Automation systems and applications sofware, the company said. Reuter 
LONDON OPTIONS MARKET SEES CONTINUED HIGH GROWTH
The London Stock Exchange's traded options market plans volume growth of at least 80 pct a year, and will more than double the range of options available by the end of 1988, options committee chairman Geoffrey Chamberlain said. He told a news conference that more options contracts were traded in 1986 than in the pr...
RAYTECH CORP <RAY> 4TH QTR DEC 28 NET
Shr profit 78 cts vs loss 1.05 dlrs Net profit 2,336,000 vs loss 3,002,000 Revs 26.0 mln vs 26.7 mln Year Shr profit 1.59 dlrs vs loss 6.35 dlrs Net profit 4,688,000 vs loss 18.2 mln Revs 113.5 mln vs 112.4 mln NOTE: 1986 4th qtr and yr includes loss carryfoward of 534,000 dlrs and 1,662,000...
DATAMAG INC <DMAG> 1ST QTR DEC 31 LOSS
Net loss 92,623 vs profit 11,209 Sales 93,483 vs 189,388 Note: per share data not available, as company went public in January, 1987. Reuter 
ROYAL BANK SEES IMPROVED RESULTS
<Royal Bank of Canada>, in reporting a 19 pct drop in first quarter earnings, said it expects to report improved results in future earnings periods. "Healthy consumer credit growth, record fee-based income, highly profitable securities and foreign exchange trading, and a solid capital position...combined with the r...
WORLD BANK LAUNCHES 300 MLN MARKKA BOND ISSUE
The World Bank is launching a 300 mln markka seven-year straight issue, due March 11, 1994 with a coupon of 10 pct payable semi-annually and an issue price of 101-1/8, lead manager Postipankki said. It said fees totalled 1-3/4 pct, of which 1-3/8 pct for selling and 3/8 pct for managment and underwriting combined i...
SUN MICROSYSTEMS <SUNW> SETS PACT WITH PHILIPS
Sun Microsystems Inc said it has agreed to cooperate with Philips Corporate Group Home Interactive Systems, a Dutch electronics firm, to develop a multi-media authoring computer system. The system will be based upon the integration of Sun workstation and Compact Disc Interactive technologies, the company said. ...
STEELHEAD RESOURCES <SHZ> LEASES FELDSPAR MINE
Steelhead Resources Ltd said it has leased some feldspar deposits and will begin feldspar mining operations near Wickenburg, Arizona. The company said the deposits contain in excess of 500,000 tons of feldspar. Reuter 
BELGIAN SAYS EC WOULD REACT TO TEXTILE BILL
Belgian Foreign Trade Minister Herman De Croo said if Congress passed legislation curbing world textile imports the only way the European Community (EC) could react was to retaliate. De Croo said at a news conference "if you limit textile imports, you will re-orient textiles to Europe." And that he said would t...
KAY CORP <KAY> 4TH QTR NET
Oper shr 25 cts vs 1.21 dlrs Oper net 1,366,000 vs 6,287,000 Revs 251.3 mln vs 107.1 mln Year Oper shr 1.10 dlrs vs 1.06 dlrs Oper net 5,552,000 vs 4,982,000 Revs 827.5 mln vs 434.4 mln NOTE: Oper net excludes results of Kay Jewelers Inc, a former subsidiary. On Dec 31, 1986 company distribu...
ROSTENKOWSKI SAYS HE WILL OPPOSE PROTECTIONIST TRADE BILL IN U.S. HOUSE
PANTASOTE INC <PNT> 4TH QTR LOSS
Oper shr loss four cts vs loss 33 cts Oper net loss 154,000 vs loss 1,301,000 Sales 30.0 mln vs 27.0 mln Year Oper shr profit 60 cts vs loss 16 cts Oper net profit 2,364,000 vs loss 608,000 Sales 113.5 mln vs 132.8 mln NOTE: Net excludes extraordinary charges from provision for roofing produ...