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CITIZENS FINANCIAL CORP <CTZN> 4TH QTR NET | Shr 17 cts vs 18 cts
Net 339,000 vs 351,000
Revs 2,917,000 vs 2,735,000
12 mths
Shr 62 cts vs 64 cts
Net 1,268,000 vs 1,356,000
Revs 11.1 mln vs 10.5 mln
Reuter
|
PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC | The following proposed securities
offerings were filed recently with the Securities and Exchange
Commission:
Rockwell International Corp <ROK> - Shelf offering of up to
200 mln dlrs of debt securities on terms to be determined at
the time of the sale, in addition to another 300 mln dlrs of
debt securities already r... |
INTERNATIONAL HYDRON CORP <HYD> 4TH QTR NET | Oper shr profit six cts vs loss 20 cts
Oper net profit 634,000 vs loss 2,312,000
Sales 16.8 mln vs 13.9 mln
Year
Oper shr profit 30 cts vs profit three cts
Oper net profit 3,342,000 vs profit 318,000
Sales 67.5 mln vs 52.6 mln
NOTE: Operating net excludes loss of 41,000 dlrs vs profit
7,000 ... |
SNET <SNG> COMPLETES PRATT/WHITNEY <UTC> ORDER | Southern New England
Telecommunications Inc said it completed the installation of a
multi-million dlr telecommunications system for United
Technologies Corp's Pratt and Whitney unit.
The company said the system is built around the American
Telephone and Telegraph Co <T> 5ESS switch, which has the
capacity to provid... |
COGNITIVE SYSTEMS INC <CSAI> 4TH QTR NOV 30 LOSS | Shr loss eight cts vs loss three cts
Net loss 213,000 vs loss 49,000
Revs 636,000 vs 445,0000
Year
Shr loss 11 cts vs loss 38 cts
Net loss 235,000 vs loss 611,0000
Revs 2,389,000 vs 1,287,000
Reuter
|
POLYMERIC RESOURCES CORP <POLR> 2ND QTR DEC 31 | Shr nine cts vs nine cts
Net 98,0000 vs 97,000
Sales 3,945,000 vs 2,106,000
1st half
Shr 17 cts vs 18 cts
Net 194,000 vs 203,000
Sales 7,535,000 vs 4,136,000
Reuter
|
CONT'L ILLINOIS RECHARACTERIZES 425 MLN DLRS IN BAD LOANS FROM 1984, SAYS DOESN'T AFFECT NET
| |
FLUOR CORP DOWNGRADED BY MOODY'S, AFFECTS 390 MLN DLRS OF DEBT
| |
INTRERFACE FLOORING <IFSIA> FILES FOR OFFERING | Interface Flooring Systems Inc
said it has filed for an offering of 2,800,000 Class A common
shares through underwriters led by Robinson-Humphrey Co Inc and
PaineWebber Group Inc <PWJ>.
The company said as previously announced, it will use
proceeds to finance a tender offer to acquire the 50 pct of
Debron Investmen... |
HEALTH-MOR INC <HMI> 4TH QTR NET | Shr 27 cts vs 39 cts
Net 481,189 vs 697,381
Revs 6.1 mln vs 6.4 mln
Year
Shr 1.04 dlrs vs 1.35 dlrs
Net 1,846,670 vs 2,391,638
Revs 25.6 mln vs 28.6 mln
Reuter
|
SCOTTY'S <SHB> SALES UP FIVE PCT IN FEBRUARY | Scotty's Inc said sales for
the four weeks ended February 21 rose five pct, to 41.7 mln
dlrs, from 39.8 mln dlrs for the corresponding period last
year.
Scotty's said sales for the 34 weeks ended February 21
totaled 323.2 mln dlrs, up six pct over sales of 305.7 mln dlrs
for the same period in 1986.
The company... |
STANDARD OIL <SRD> TO ISSUE SWISS FRANC NOTE | Standard Oil Co said it will
issue at par 154 mln Swiss francs of non-callable 10-year notes
with an annual coupon of 3-1/4 pct and detachable currency
warrants.
Credit Suisse will lead manage the issue. Payment date is
March 19.
Each 50,000 Swiss franc note will carry a warrant entitling
the holder to sell 50,... |
TFC TELESERVICES CORP <TFCS> YEAR NOV 30 LOSS | Shr loss 54 cts vs 16.18 dlrs
Net loss 1,429,226 vs loss 153,680
Revs 202,628 vs 282
Avg shrs 2,883,812 vs 9,500
Note: 1986 net includes loss from discontinued operations
of 114,887 or four cts a share.
Reuter
|
(CORRECTED) - <TRANSALTA UTILITIES CORP> YEAR NET | Shr 81 cts vs 2.78 dlrs
Net 53.5 mln vs 180.9 mln
Revs 915.5 mln vs 836.0 mln
Note: 1986 net includes 125 mln dlr or 1.90 dlr shr
writedown of investment in <Canada Northwest Energy Ltd> vs
yr-ago extraordinary loss of 17 cts shr (net fig not given).
Reuter
|
ALBERTSON'S <ABS> TO INCREASE NEW STORE OPENINGS | Albertson's said it plans to open
33 to 35 new stores during 1987 and remodel about 20-25 stores.
This compares to 21 new store openings in 1986 and 17
remodelings.
Albertson's, a grocery chain, said total capital
expenditures for these projects will be in excess of 200 mln
dlrs in 1987.
Reuter
|
PALL CORP <PLL> SECOND QUARTER SALES, ORDERS UP | Pall Corp said sales for the second
quarter ended January 31 were up 17.5 pct to 94.0 mln dlrs from
80.0 mln dlrs a year before and orders were up 15.5 pct to
101.1 mln from 87.4 mln.
For the first half, it said sales were up 16.0 pct to 174.6
mln dlrs from 150.3 mln dlrs a year before, with orders up*
13.0 pct to ... |
NAVISTAR <NAV> DEBT UPGRADED BY S/P | Standard and Poor's Corp said it
upgraded 500 mln dlrs of debt of Navistar International Corp
and its unit Navistar Financial Corp.
Raised were the companies' senior debt to BB from B and
subordinated debt to B-plus from CCC-plus.
S and P cited Navistar's recent issuance of 104 mln shares
of common stock and pl... |
JOHN WILEY AND SONS INC <WILLB> 3RD QTR NET | Qtr ended Jan 31
Shr 72 cts vs 71 cts
Net 3,062,000 vs 3,023,000
Revs 58.5 mln vs 56.4 mln
Nine mths
Shr 2.10 dlrs vs 1.73 dlrs
Net 8,972,000 vs 7,337,000
Revs 169.9 mln vs 161.7 mln
Note: Net includes gain from sale of land of 1,105,000 dlrs
or 26 cts a share for the nine mths.
Reuter
... |
ARBOR DRUGS INC <ARBR> 2ND QTR JAN 31 NET | Shr 30 cts vs 36 cts
Net 1,914,388 vs 1,906,095
Sales 58.8 mln vs 40.7 mln
1st half
Shr 47 cts vs 53 cts
Net 2,961,718 vs 2,817,439
Sales 107.7 mln vs 74.9 mln
Avg shrs 6,342,353 vs 5,342,353
Reuter
|
TECHNOLOGY DEVELOPMENT CORP <TDCK> 4TH QTR NET | Shr profit six cts vs profit eight cts
Net profit 102,000 vs profit 151,000
Revs 4,846,000 vs 5,041,000
Avg shrs 1,725,744 vs 1,806,323
12 mths
Shr loss 1.36 dlrs vs profit 56 cts
Net loss 2,318,00 vs profit 789,000
Revs 17.5 mln vs 20.9 mln
Avg shrs 1,710,655 vs 1,404,878
Reuter
|
SPANISH FARMERS BATTLE POLICE IN N.E. SPAIN | Thousands of Spanish farmers battled
police in this northeastern city during a march to demand a
better deal from the EC, protest organisers said.
The farmers traded stones for tear gas and rubber pellets
and occupied local government buildings in Saragossa.
In the southern city of Malaga, citrus growers dumped... |
TANDEM <TNDM> HAS HOME SHOPPING DEAL | Tandem Computers Inc said the
Telaction Corp unit of J.C. Penney Co Inc <JCP> selected the
Tandem NonStop computer system for a new interactive home
shopping system scheduled to go into operation during the
summer.
Tandem said the new system will be the first consumer
controlled home shopping and information servic... |
FLANIGAN'S ENTERPRISES INC <BDL> 1ST QTR DEC 27 | Shr 64 cts vs 1.16 dlrs
Net 602,000 vs 1,079,893
Sales 8,208,000 vs 11.6 mln
NOTE: Prior year net includes gain 1,317,000 dlrs or 1.41
dlrs shr on sale of West Paces Racquet Club.
Current year net includes 15 ct shr extraordinary gain.
Reuter
|
TRIANGLE INDUSTRIES INC 4TH QTR OPER SHR LOSS THREE CTS VS PROFIT 27 CTS
| |
MURGOLD RESOURCES HAS PARTIAL GOLD ASSAYS | Murgold Resources Inc said the number
three vein zone at its Timmins, Ontario property yielded
partial assay results of 1.08 ounces gold a short ton across an
average width of 4.2 feet and length of 200 feet.
It said many of the individual assays were more than one
ounce a ton but had not been cut.
The company ... |
CHRYSLER TO SELL CARS IN EUROPE BEFORE YEAR END | Chrysler Corp <C> will begin exporting
vehicles before the end of this year to Europe, the world's
second largest market, which it left in 1978.
Robert Lutz, executive vice president, told a news
briefing: "After a lapse of almost nine years, Chrysler is about
to re-enter the European market. And we are here to sta... |
U.S. DELEGATION PLANS TO LEAVE ICO TALKS TUESDAY | The U.S. Delegation at the International
Coffee Organization (ICO) talks on export quotas is planning to
leave tomorrow morning, but will ask a representative from the
U.S. Embassy in London to attend the negotiations if they
continue, a U.S. Spokesman said.
One delegate said: "If the U.S. Delegation is going home ... |
FORD <F> AIR-BAG PROGRAM FLAGGING - REPORT | Ford Motor Co's program to introduce
air-bags in its compact cars is facing widespread resistance
from both consumers and dealers, a trade paper said.
As of February 20, Automotive News said Ford dealers had
sold only 455 1987-model Ford Tempos equipped with airbags and
294 similarly-equipped Mercury Topaz models c... |
MURGOLD RESOURCES <MGDVF> HAS PARTIAL ASSAYS | Murgold Resources Inc said the number
three vein zone at its Timmins, Ontario property yielded
partial assay results of 1.08 ounces gold a short ton across an
average width of 4.2 feet and length of 200 feet.
It said many of the individual assays were more than one
ounce a ton but had not been cut.
The company ... |
PACCAR <PCAR> AND UNIT DEBT DOWNGRADED BY S/P | Standard and Poor's Corp said it
downgraded to A-plus from AA-minus about 350 mln dlrs of senior
debt of PACCAR Inc and its unit PACCAR Financial Corp.
S and P said PACCAR has experienced earnings weakness. But
the company remains profitable and should achieve significant
cost reductions from its recent shut down o... |
DEAN WITTER AGREES TO SEC CENSURE FOR FAILING TO FULLY REPORT CASH TRANSACTIONS
| |
S/P MAY DOWNGRADE MACK TRUCKS <MACK> DEBT | Standard and Poor's Corp said it placed
on creditwatch with negative implications Mack Trucks Inc's 140
mln dlrs of BB-plus senior debt.
S and P said Mack lost significant market share in heavy
duty trucks last year. Through the nine months ended September
30, 1986, the company's pretax loss before restructuring co... |
ZIMBABWE'S MAIZE MOUNTAIN POSES ECONOMIC PROBLEM | More than two mln tonnes of surplus maize
dotted across Zimbabwe in huge piles is posing an economic
headache for the country.
The grain, Southern Africa's staple, has been bought by the
Grain Marketing Board (GMB) at prices guaranteed before it was
planted, and is costing the GMB about 27 mln dlrs a month in
stora... |
TECHNOLOGY/CHIP INDUSTRY SEEKS CUSTOM DESIGNS | U.S. semiconductor manufacturers,
struggling to stem a river of red ink, are increasingly looking
toward customized designs rather than mass-market chips for
future profits.
The market for customized chips - semiconductors designed
for a very specific application or product - is expected to
expand by 25 to 30 pct t... |
SEARS TO RESTRUCTURE DISTRIBUTION
| |
CONTINENTAL ILL <CIL> TO RECHARACTERIZE LOSS | Continental Illinois Corp settled an
administrative complaint by the Securities and Exchange
Commission by agreeing to recharacterize 425 mln dlrs
previously reported in the second quarter 1984 as a "loss of
sale on loans."
Under the settlement, which was announced simultaneously
with the filing of the SEC's admini... |
REX-NORECO INC <RNX> 1ST HALF JAN 31 NET | Shr 20 cts vs 28 cts
Net 393,371 vs 555,989
Revs 3,669,602 vs 3,498,780
Reuter
|
MORRISON KNUDSEN <MRN> GETS NAVAL STATION JOB | Morrison Knudsen Corp said its
National Projects Inc subsidiary was awarded a contract worth
about 27 mln dlrs for construction of improvements at the U.S.
Navy's Fallon Naval Air Station in Nevada.
The company said the work, scheduled for completion in
Early 1989, involves revamping of the base's utility systems,
... |
PACKAGING SYSTEMS CORP <PAKS> 4TH QTR NET | Oper shr eight cts vs five cts
Oper net 164,000 vs 116,000
Sales 8,059,000 vs 7,148,000
Year
Oper shr 67 cts vs 19 cts
Oper net 1,492,0000 vs 433,000
Sales 30.9 mln vs 24.8 mln
NOTE: Net excludes discontinued operations losses 768,000
dlrs vs 40,000 dlrs in quarter and loss 700,000 dlrs vs g... |
MOLECULAR BIOSYSTEMS <MOBI> OFFERS NEW PRODUCTS | Molecular Biosystems Inc said it
announced new SNAP DNA Probe Kits for the detection of
rotavirus and malaria.
The company said it also introduced the Extractor, a new
DNA/RNA sample preparation column.
The company, based in San Diego, Calif., said the Extractor
dramatically simplifies the isolation and purific... |
G.D. RITZY'S INC <RITZ> 4TH QTR LOSS | Ended Jan four
Shr loss 14 cts vs loss 27 cts
Net loss 850,000 vs loss 1,400,000
Revs 2,280,000 vs 2,220,000
Year
Shr loss 30 cts vs loss 1.06 dlrs
Net loss 1,800,000 vs loss 5,500,000
Revs 9,500,000 vs 12.9 mln
Reuter
|
WESTERN DIGITAL <WDC> ADDS ELECTRONIC MAIL | Western Digital Corp said it is
adding the Network Courier, an electronic mail software package
by Consumers Software, to its Local Area Network (LAN)
products.
The company said The Network Courier allows LAN users to
exchange messages and complete files without having to exit
their current applications and to exch... |
TRIANGLE INDUSTRIES INC <TRI> 4TH QTR LOSS | Oper shr loss three cts vs profit 27 cts
Oper net loss 178,000 vs profit 4,165,000
Sales 783.7 mln vs 464.6 mln
Avg shrs 25.3 mln vs 10.3 mln
Year
Oper shr profit 2.61 dlrs vs profit 2.75 dlrs
Oper shr diluted profit 2.05 dlrs vs profit 2.66 dlrs
Oper net profit 47.6 mln vs profit 31.0 mln
... |
FLUOR CORP <FLR> DEBT DOWNGRADED BY MOODY'S | Moody's Investors Service Inc said it
lowered the ratings on about 390 mln dlrs of Fluor Corp's
long-term debt and commercial paper.
Moody's said the action, which completes a review begun
February 6, reflects expectations that pressure on earnings and
cash flow are likely to continue for some time.
This will r... |
ESI INDUSTRIES INC <ESI> 4TH QTR NET | Oper shr five cts vs 15 cts
Oper net 236,996 vs 661,780
Revs 11.3 mln vs 11.00 mln
Avg shrs 4,249,221 vs 4,218,754
Year
Oper shr 33 cts vs 57 cts
Oper net 1,465,700 vs 2,033,457
Revs 44.0 mln vs 41.4 mln
Avg shrs 4,348,127 vs 3,431,669
NOTE: Net excludes discontinued TGC Industries I... |
ELECTRONIC CONTROL <ECSIU> INITIAL OFFER STARTS | Electronic Control Security
Inc said an initial public offering of 1,250,000 units is under
way at 1.60 dlrs each through underwriters led by Jersey
Capital Markets Group Inc.
Reuter
|
SEARS TO CLOSE CHICAGO DISTRIBUTION CENTER, LAY OFF UP TO 1,800 EMPLOYEES
| |
THUNANDER CORP <THDR> YEAR NET | Shr 73 cts vs 58 cts
Shr diluted 69 cts vs 54 cts
Net 1,101,000 vs 901,000
Sales 33.0 mln vs 29.1 mln
NOTE: Results include BMD of New England Inc from September
1, 1986 purchase.
Reuter
|
TYLAN <TYLN> RENEWS CREDIT LINE | Tylan Corp said it renewed its
eight mln dlr annual credit agreement with Bank of America and
First Los Angeles Bank.
The agreement includes a revolving credit line and a term
loan through December 31, 1987, both of which are secured by
the assets of the company, Tylan said.
It said both lines bear interest at ... |
NACCO INDUSTRIES <NC> UNIT TO BE SOLD | Nacco Industries Inc said a group of
utilities, called the Capco group, has taken actions to
exercise its option to acquire the Quarto Mining Co unit of
Nacco's North American Coal Co.
The purchase would be for about 10 mln dlrs, and would, if
completed, generate a substantial capital gain for Nacco, the
company sa... |
<PORSCHE AG> RAISING U.S. PRICES | Porsche AG said its Porsche Cars
North America Inc affiliate will raise prices of 1987 models,
starting with vehicles produced after April 30, an average of
three pct on base prices and 2.5 pct on all options.
It said new prices are 23,910 dlrs for the 924S, up from
22,995 dlrs, 27,840 dlrs for the 944, up from 26,... |
VALLEY FEDERAL <VFED> NAMES NEW OFFICERS | Valley Federal Savings and Loan
Association said it appointed Joseph Biafora to the post of
chairman and the company's president, Donald Headlund, was
named to the additional post of chief executive.
The new appointments follow the death of former chairman
and chief executive Robert Gibson, the company said.
It... |
SEARS <S> DEAN WITTER UNIT AGREES TO SEC CENSURE | Federal regulators said Dean Witter
Reynolds Inc, the brokerage subsidiary of Sears, Roebuck and
Co, agreed to a censure to settle charges that it failed to
fully report cash transactions.
In a complaint which was issued simultaneously with the
settlement, the Securities and Exchange Commission charged Dean
Witter,... |
BANKEAST CORP <BENH> COMPLETES ACQUISITION | BankEast Corp said it has
completed the acquisition of United Banks Corp in an exchange
of 1.86 BankEast shares for each United share.
It said the acquisition is worth about 11.3 mln dlrs.
Reuter
|
U.S. SAYS TIN DISPOSALS WILL NOT AFFECT ACCORD | U.S. tin disposals should have little
effect on an agreement reached last weekend by tin producing
countries to limit group exports to 96,000 tonnes in the year
started March 1, a government official said.
The agreement by the seven-member Association of Tin
Producing Countries (ATPC) aimed to cut the world surplus... |
BANNER <BNR> TO ACCEPT REXNORD <REX> SHARES | Banner Industries Inc said it plans to
accept for payment after the close of business today all the
common shares of Rexnord Inc that were tendered under its 26.25
dlr per share tender offer.
Banner said its offer for all of the roughly 20 mln shares
of Rexnord it did not already own expired last Friday and will
no... |
AMERICAN NURSERY <ANSY> MAKES ACQUISITION | American Nursery Products Inc
said it has purchased Heini's Nursery Inc of Miami, which grows
indoor foliage plants for wholesale distribution and had sales
of 4,472,0000 dlrs for the year ended August 31.
Terms were not disclosed.
Reuter
|
DOT REJECTS SMOKING BAN ON DOMESTIC FLIGHTS | The U.S. Department of Transportation
(DOT) has concluded that a ban on smoking on all domestic
airline flights is not justified at this time.
The department made known its conclusions in a report to
Congress, made public today, on a recommendation by the
National Academy of Sciences that such a ban be adopted.
... |
AMC <AMO> SAYS STEPS TAKEN AFTER UAW TALKS FAIL | American Motors Corp said it will take
steps to build a proposed new jeep vehicle at an unspecified
"alternative location" after the weekend breakdown of talks
with the United Automobile Workers union on a concessionary
contract covering workers at AMC's Wisconsin operations.
AMC spokesman Lloyd Northard told Reute... |
ARCHIVE CORP <ACHV> SIGNS DISTRIBUTOR AGREEMENT | Archive Corp said it signed
an agreement under which <Microamerica>, a value-added reseller
of personal computers, peripherals and supplies, will
distribute its Archive XL tape drive.
Archive said Microamerica will carry both models of the XL
drive, a 40-megabyte, 5.25-inch drive based on the QIC-40
standard that is... |
INSPEECH <INSP> MAKES ACQUISITIONS | InSpeech Inc said it has
acquired Northwest Rehabilitation Inc and Len M. House and
Associates and United Rehabilitation Inc for undisclosed terms.
Northwest provides physical therapy services and has annual
sales of about six mln dlrs and Houyse provides speech therapy
services and has annual sales of about 4000,0... |
SEARS TO TAKE 20 MLN DLR AFTER-TAX CHARGE IN FIRST QUARTER FOR RESTRUCTURING
| |
STATUS GAME <STGM> TO INTRODUCE VIDEO BINGO | Status Game Corp said it is
introducing a new Video Bingo game that enables the player to
buy up to four bingo cards and at the same time play against
computer simulated bingo games.
Reuter
|
VERSATILE UNIT HAS LETTER OF INTENT TO BUILD 320 MLN DLR ICEBREAKER FOR FEDERAL GOVERNMENT - OFFICIAL
| |
BAYER <BAYRY> MAKES U.S. ACQUISITION | Bayer AG of West Germany said it has
acquired Wyrough and Loser Inc of Trenton, a maker of rubbr
processing chemicals, for undisclosed terms.
It said its Mobay Corp subsidiary will transfer its entire
U.S. Rhein-Chemie Rheinau GmbH specialty chemicals business for
the rubber, plastics and lube oil industries to Wyr... |
EAGLE ENTERTAINMENT <EEGL> TO MANAGE AFFILIATE | Eagle Entertainment Inc said it
signed a 10-year management and consulting agreement with 47.5
pct owned <Performance Guarantees Inc> to manage the
affiliate's business and retain 90 pct of its revenues.
PGI provides independent film producers and their investors
or lenders with "completion bonds" which guarantee t... |
GULF ARAB OIL MEETING ENDS | Deputy oil ministers of the six-nation
Gulf Co-operation Council (GCC) ended a meeting here after
discussing co-ordination and co-operation in the oil field, the
Bahrain-based Gulf News Agency (GNA) said.
The deputy ministers, who declined to talk to reporters on
the outcome of the 90 minute formal session, later c... |
APPLE <AAPL>, AST <ASTA> OFFER MS-DOS PRODUCTS | Apple Computer Inc and AST Research
Inc said they are offering two products that allow MS-DOS
software compatibility with Apple's new Macintosh SE and
Macintosh II.
"Apple understands the importance of information sharing in
multiple vendor environments," said Apple Chairman John
Sculley, at a seminar where the new... |
NOLAND <NOLD> FEBRUARY SALES OFF TWO PCT | Noland Co said February sales
were off 2.3 pct to 29.4 mln dlrs from 300.1 mln dlrs a year
earlier, with year-to-date sales off 9.6 pct to 55.3 mln dlrs
from 61.2 mln dlrs.
The company blamed extremely disruptive winter weather in
many of its markets.
Reuter
|
GOVERNMENT BOND BROKER SEES WIDER DATA ACCESS | The major U.S. Government bond brokers
are likely to give in to pressure from regulators and investors
within the next 18 months, making their direct-dealing screens
available to many of those firms that are not now eligible to
receive them, said Richard Lacy, Chairman of Exco International
Inc.
Earlier today, Exco... |
EC MINISTERS STRUGGLE TO AGREE ON DAIRY CUTS | European Community, EC, agriculture
ministers struggled today to finalise new rules aimed at
limiting sales into public cold stores of unwanted butter at
high guaranteed EC prices, diplomats said.
The plan is the key element in a landmark accord to cut
dairy output by 9.5 pct over two years agreed in outline last
D... |
SEARS <S> TO RESTRUCTURE DISTRIBUTION | Sears, Roebuck and Co said it will
restructure its distribution operations, resulting in a 20 mln
dlr after-tax charge against earnings in its first quarter.
The retailer on April 30 will close its major Chicago
distribution center as the first part of the restructuring. A
spokesman said up to 1,800 workers will be... |
B.F. GOODRICH TO PHASE OUT SOME BUSINESSES, CUT STAFF BY 790
| |
DELTA AIR <DAL> BEGINS ATLANTA-TOKYO SERVICE | Delta Air Lines Inc said it began
service from Atlanta to Tokyo today.
The carrier will fly single-plane through service departing
daily from Atlanta and Tokyo five days a week, it said.
Reuter
|
VERSATILE TO BUILD POLAR ICE BREAKER | Versatile Corp's shipbuilding subsidiary
has a letter of intent to build a 320 mln dlr polar icebreaker
for the Canadian coast guard, Transport Minister John Crosbie
said.
In a Vancouver address, Crosbie said Versatile Pacific
Shipyards Inc was the low bidder to build the Arctic Class 8
icebreaker, but the company ... |
CHRYSLER <C> UNIT SELLS NOTES AT 7-5/8 PCT | Chrysler Financial Corp, a unit of
Chrysler Corp, is raising 250 mln dlrs through an offering of
notes due 1992 with a 7-5/8 pct coupon and par pricing, said
lead manager Salomon Brothers Inc.
That is 93.5 basis points above the yield of comparable
Treasury securities. Non-callable for life, the issue is rated
Baa-... |
<PANTRY INC> INB TALKS ON BEING ACQUIRED | Privately-held Pantry Inc, which
operates 477 convenience stores in five Southeastern states,
said it has engaged Alex. Brown and Sons Inc <ABSB> to explore
a possbile sale of the company.
It said it expects to start talks with prospective
acquirers shortly. The company said it has been approached by a
number of pa... |
CONGRESS VIDEO GROUP INC <CVGI> 3RD QTR NET | Qtr ends Dec 31
Shr profit three cts vs loss three cts
Net profit 129,000 vs loss 85,000
Revs 4,001,000 vs 4,347,000
Avg shrs 3,994,347 vs 3,769,347
Nine mths
Shr loss 75 cts vs profit 39 cts
Net loss 2,900,000 vs profit 1,753,000
Revs 7,472,000 vs 15.3 mln
Avg shrs 3,845,438 vs 4,47... |
FIRST FINANCIAL MANAGEMENT <FFMC> REVISES PACT | First Financial Management Corp said it
revised the agreement under which it provides data processing
services to First Union Corp of Georgia <FUNC>.
The company said the revised agreement establishes specific
minimum payments to be made by First Union and shortens the
duration of the original pact by 16 months, wi... |
<RENOUF CORP> TO PROCEED WITH BENEQUITY <BH> BID | Renouf Corp of New Zealand said it
has decided to proceed with its offer for all outstanding units
of Benequity Holdings at 31 dlrs per unit.
The company had been required to redice by March Two
whether to proceed with the offer or terminate it, based on its
ability to obtain financing and on its review of Benequit... |
INTEGRATED GENERICS <IGN> WILL NOT COMMENT | Integrated Generics Inc said it
is in the midst of several developments which could be
favorable for the company but can make no further comments at
the present time.
The company said it released this brief statement in
response to the American Stock Exchange's inquiry on the
activity of the company's common stock,... |
CUBA TELLS TRADERS SUGAR EXPORTS MAY BE DELAYED | Cuba has told international sugar
operators who have bought its sugar for shipment in March that
these contracts will take second place to Cuba's direct
shipments to its export markets, dealers here said.
Some traders who have received telexes from Cuba said the
language of the message was not totally clear and som... |
GOODRICH <GR> TO PHASE OUT SOME BUSINESSES | B.F. Goodrich Co said it will phase
out the production of aircraft tires, missile and marine
products and molded rubber products in Akron, Ohio, by the end
of 1987, laying off about 790 salaried, production, maintenance
and support services employees.
The company said layoffs will start within the next few
weeks.
... |
THUNANDER CORP <THDR> YEAR NET | Shr 73 cts vs 58 cts
Net 1,101,000 vs 901,000
Sales 32.9 mln vs 29.1 mln
Note: Results include operations of BMD of New England Inc,
acquired Sept. 1, 1986.
Reuter
|
FINAL TRUST FOR THRIFT INSTITUTIONS PAYOUT SET | <Massachusetts Financial Services Co>
said it has set the final income and capital gain distributions
for <Trust for Thrift Institutions High Yield Series> of 1.069
dlrs and 7.645 dlrs, respectively, payable today.
Reuter
|
(RPT) U.S. SAYS TIN DISPOSALS WILL NOT AFFECT ACCORD | U.S. tin disposals should have little
effect on an agreement reached last weekend by tin producing
countries to limit group exports to 96,000 tonnes in the year
started March 1, a government official said.
The agreement by the seven-member Association of Tin
Producing Countries (ATPC) aimed to cut the world surplus... |
ROSPATCH TO RESPOND TO DIAGNOSTIC BID
| |
FRANKLIN INSURED TAX-FREE SETS PAYOUT | Mthly div 7.1 cts vs 7.1 cts prior
Pay March 31
Record March 16
NOTE: Franklin Insured Tax-Free Income Fund.
Reuter
|
FRANKLIN MINNESOTA INSURED SETS PAYOUT | Mthly div 6.6 cts vs 6.6 cts prior
Pay March 31
Record March 16
NOTE: Franklin Minneosta Insured Tax-Free Income Fund.
Reuter
|
FRANKLIN MICHIGAN INSURED SETS PAYOUT | Mthly div 6.9 cts vs 6.9 cts prior
Pay March 31
Record March 16
NOTE: Franklin Michigan Insured Tax-Free Income Fund.
Reuter
|
FRANKLIN MASSACHUSETTS INSURED CUTS PAYOUT | Mthly div 6.5 cts vs 6.8 cts prior
Pay March 31
Record March 16
NOTE: Franklin Massachusetts Insured Tax-Free Income Fund.
Reuter
|
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS SOYBEANS 20,349 WHEAT 14,070 CORN 21,989
| |
FRANKLIN CALIFORNIA TAX-FREE SETS PAYOUT | Mthly div 6.5 cts vs 6.5 cts prior
Pay March 31
Record March 16
NOTE: Franklin California Insured Tax-Free Income Fund.
Reuter
|
DIAGNOSTIC PRODUCTS <DPCZ> SEES EARNINGS GROWTH | Diagnostic Products Corp president and
chief executive officer Sigi Ziering said he expects to
maintain the same compound average annal net income growth in
1987 as the company has for the past five years.
"We expect the same performance in net income over the next
five years as we have had in the past," Ziering sa... |
CURRENCIES COULD INFLUENCE BULLION AGAIN-MONTAGU | Currency fluctuations may reassert their
influence on the bullion market in the near future, bullion
bankers Samuel Montagu and Co Ltd said in a market report.
But the firm said silver may lag behind gold in any
reactions to movements on foreign exchanges.
"OPEC's failure to address the recent decline in oil pr... |
DUNKIN' DONUTS INC <DUNK> 1ST QTR JAN 24 NET | Shr 46 cts vs 42 cts
Net 3,418,000 vs 3,129,000
Revs 24.7 mln vs 26.2 mln
Reuter
|
CCR VIDEO CORP <CCCR> 1ST QTR NOV 30 NET | Shr profit two cts vs loss 12 cts
Net profit 156,726 vs loss 776,000
Revs 1,157,883 vs 890,138
Reuter
|
FRANKLIN PUERTO RICO TAX-FREE SETS PAYOUT | Mthly div 7.1 cts vs 7.1 cts prior
Pay March 31
Record March 16
NOTE: Franklin Puerto Rico Tax-Free Income Fund.
Reuter
|
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