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FRANKLIN OHIO INSURED TAX-FREE SETS PAYOUT | Mthly div 6.1 cts vs 6.1 cts prior
Pay March 31
Record March 16
NOTE: Franklin Ohio Insured Tax-Free Income Fund.
Reuter
|
FRANKLIN HIGH-YIELD TAX-FREE SETS PAYOUT | Mthly div 7.1 cts vs 7.1 cts prior
Pay March 31
Record March 16
NOTE: Franklin High-Yield Insured Tax-Free Income Fund.
Reuter
|
CONVERGENT TECHNOLOGIES <CVGT> TO BUY OAKLEAF | Convergent Technologies Inc
said it has reached an agreement in principle to buy Oakleaf
Corp, which supplies finance, insurance and leasing computers
to auto dealers.
The transaction will involve an exchange of Oakleaf stock
for cash and debt and is subject to a definitive agreement, the
companys said. No other te... |
NYMEX WILL EXPAND OFF-HOUR TRADING APRIL ONE | The New York Mercantile Exchange set
April one for the debut of a new procedure in the energy
complex that will increase the use of energy futures worldwide.
On April one, NYMEX will allow oil traders that do not
hold a futures position to initiate, after the exchange closes,
a transaction that can subsequently be... |
CCR VIDEO <CCCR> NOW MEETS NASDAQ REQUIREMENTS | CCR Video Corp said it is now
current in its filing requirements with both the Securities and
Exchange Commission and NASDAQ, and meets the trading system's
net worth requirements.
The company reported a first quarter, ended November 30,
profit of 156,726 dlrs compared to a year earlier loss of
776,000 dlrs.
CC... |
ROSPATCH <RPCH> TO RESPOND TO DIAGNOSTIC <DRS> | Rospatch Corp said it will
have a news release later in response to today's acquisition
bid by Diagnostic Retrieval Systems Inc for 22 dlrs a share.
Rospatch earlier requested its stock be halted in over the
counter trading, last trade 24-1/8.
Diagnostic said its bid was for a total 53 mln dlrs through
a cash t... |
GREEN TREE ACCEPTANCE INC <GNT> SETS DIVIDEND | Qtly dividend 12-1/2 cts vs 12-1/2 cts
Pay March 31
Record March 16
Reuter
|
ARGENTINE OIL PRODUCTION DOWN IN JANUARY 1987 | Argentine crude oil production was
down 10.8 pct in January 1987 to 12.32 mln barrels, from 13.81
mln barrels in January 1986, Yacimientos Petroliferos Fiscales
said.
January 1987 natural gas output totalled 1.15 billion cubic
metrers, 3.6 pct higher than 1.11 billion cubic metres produced
in January 1986, Yacimien... |
ROSPATCH CORP REJECTS OFFER FROM DIAGNOSTIC RETRIEVAL SYSTEMS INC
| |
HUGHES' U.S. RIG COUNT SLIPS TO 801 THIS WEEK | U.S. drilling activity continued to slow
last week as the number of active rotary rigs fell by 38 to a
total of 801, against 1,248 working rigs one year ago, Hughes
Tool Co said.
Most of the decrease came among rigs used for onshore
drilling, which dropped to a total of 707 from last week's 744.
A total of 77 rigs ... |
GULF OF MEXICO RIG COUNT FALLS THIS WEEK | Utilization of offshore mobile rigs in
the Gulf of Mexico declined by 0.7 pct during the past week, to
35.6 pct, reflecting a decrease of two working rigs, Offshore
Data Services said.
The total number of working rigs fell to 83 for the week,
compared to 85 last week and 134 rigs one year ago.
Offshore Data Ser... |
NORTH AMERICAN GROUP <NAMG> BUYS GEORGIA FIRM | North American Group Ltd's North
American Acquisition Corp said it has a definitive agreement to
buy 100 pct of Pioneer Business Group Inc of Atlanta.
Terms of the acquisition were not disclosed. Closing of the
acquisition is scheduled for April.
North American Acquisition said the agreement is subject to
due d... |
CANADA PLANS 4-PART 1.2 BILLION DLR BOND ISSUE TUESDAY - OFFICIAL
| |
TALKING POINT/VIACOM INTERNATIONAL <VIA> | A bidding war for Viacom International
Inc, one of the largest U.S. entertainment companies, pitted a
management group and other investors against National
Amusements Inc, a closely held theater operator.
Both sides raised their bids over the weekend. A source
close to the management side insisted that timing was o... |
UP-RIGHT INC <UPRI> 4TH QTR OPER NET | Oper shr five cts vs 29 cts
Oper net 151,000 vs 867,000
Revs 12.7 mln vs 14.1 mln
Year
Oper shr 87 cts vs 52 cts
Oper net 2,650,000 vs 1,565,000
Revs 54.7 mln vs 49.1 mln
Note: oper data does not include 4th qtr 1986 extraordinary
credit of 14,000 dlrs or 4th qtr 1985 extraordinary loss of
1... |
CANADA LAUNCHES 1.2 BILLION DLR BOND ISSUE | Canada will offer a 1.2 billion dlr,
four-part bond issue tomorrow, which will be dated March 15 and
delivered March 16, the finance department said.
The issue will consist of four maturities:
- 8 pct bonds due July 1, 1990,
- 8-1/4 pct bonds due March 1, 1994,
- 8-1/4 pct bonds due March 1, 1997,
-... |
U.S. ELECTRONIC SALES FLAT IN 1986 | U.S. electronic companies'
sales last year totalled 226.5 billion dlrs, slightly below the
228.7 billion dlrs reported in 1985, the American Electronic
Association said.
Despite the decline, the fourth-quarter total of 61.1
billion dlrs matched the industry record for the same period of
1984, the AEA said.
AEA ... |
TALKS SHOW NEW CANADIAN CONFIDENCE, GROUP SAYS | Canada's decision to raise the issue
of a free trade pact with the U.S. was a sign of what many see
as a new spirit of Canadian self-confidence, a public policy
study group said
"It suggests the Canada of the immediate post-war period,
when it was a major player in the process of building a postwar
world," the Was... |
U.S. ACTS TO PROTECT KAISER STEEL RETIREES | The Pension Benefit Guaranty Corp, a
federal agency, said it took action to protect pensions of
employees and retirees of Kaiser Steel Corp, which filed for
bankruptcy reorganization last month.
The agency said it entered into an agreement to terminate
the Kaiser plan, and was appointed its trustee.
It said tha... |
<DAIWA SECURITIES CO> TO SUPPLY MARKET UPDATE | Daiwa Securities Co Ltd said it will
provide Financial News Network <FNNI> with an exclusive daily
market update from Tokyo.
The report can be seen on FNN's World Business Update, the
company said.
Daiwa Securities said the new program describes major
business developments around the world, using videotaped new... |
UAL <UAL> UNIT ATTACKED ON MINORITY HIRING | UAL Inc's United Airlines was accused in
a congressional hearing today of locking blacks out of key
jobs, but the company said it had made tremendous progress in
minority hiring.
The issue was aired during a hearing of a House Government
Operations subcommittee whose chairman, Rep. Cardiss Collins,
called the treat... |
ALBERTSON'S INC <ABS> RAISES QTLY DIVIDEND | Shr 24 cts vs 21 cts
Pay May 25
Record May eight
Reuter
|
CHEMICAL NEW YORK <CHL> TO CLOSE DUBAI OFFICE | Chemical Bank, the main subsidiary of
Chemical New York Corp, is closing its representative office in
Dubai, United Arab Emirates, a spokeswoman said in response to
an enquiry.
She said the decision to close the office was made as a
result of changes in Chemical's regional customer base and to
improve efficiency by... |
WAVEHILL INTERNATIONAL TO MAKE ACQUISITION | <Wavehill International Ventures Inc>
said it has agreed to acquire Personal Computer Rental Corp of
Coral Gables, Fla., in a transaction in which shareholders of
Personal Computer will receive shares respresenting about a 25
pct interest in the combined company.
The company said it will have about two mln shares
o... |
SECURITY PACIFIC <SPC> COMPLETES MERGER | Security Pacific Corp said it
completed its planned merger with Diablo Bank following the
approval of the comptroller of the currency.
Security Pacific announced its intention to merge with
Diablo Bank, headquartered in Danville, Calif., in September
1986 as part of its plan to expand its retail network in
Northern... |
PALL CORP <PLL> 2ND QTR SALES RISE 17 PCT | Pall Corp said sales in the second
quarter rose about 17 pct to 94 mln dlrs from 80 mln dlrs a
year ago, bringing sales for the six months to 174.6 mln dlrs,
up 16 pct from 150.3 mln dlrs.
Orders in the quarter ended Jan 31 rose about 15 pct to
101.1 mln dlrs and 13 pct to 189.6 mln dlrs in the six months.
Reuter
... |
J.P. INDUSTRIES <JPI> FORMS TWO OPERATING GROUPS | J.P. Industries Inc said it has
formed two operating groups to serve major markets in its
transportation components business -- an Engine Products Group
to serve original equipment manufacturers and an Automotive
Aftermarket Group to serve repair market customers.
The company said senior vice president Gareth L. Re... |
U.S. INTEC INC <INTK> 4TH QTR NET | Shr six cts vs five cts
Net 188,000 vs 130,000
Revs 12.2 mln vs 10.1 mln
Avg shrs 3,029,930 vs 2,764,544
12 mths
Shr 81 cts vs 1.45 dlrs
Net 2,463,000 vs 3,718,000
Revs 52.4 mln vs 47.5 mln
Avg shrs 3,029,930 vs 2,566,680
NOTE: net for 1985 includes 500,000, or 20 cts per share,
for ... |
LODGISTIX <LDGX> TO BUYBACK 100,000 SHARES | Lodgistix Inc said its board
authorized a program for the company to purchase up to 100,000
of its shares from time to time.
The company said the shares will be used for general
purposes, including incentive programs.
Reuter
|
ICI <ICI> SEEKS GAINS IN SPECIALTY BUSINESSES | Imperial Chemical Industries PLC, the
largest chemical company in the United Kingdom, will expand its
specialty chemicals and drug businesses this year, and better
its 1986 results, said chairman-elect Denys Henderson.
"We expect to shift our company toward higher value-added
businesses and continue to broaden our ... |
INT'L HYDRON CORP <HYD> 4TH QTR OPER NET | Oper shr profit six cts vs loss 20 cts
Oper net profit 734,000 vs loss 2,312,000
Revs 16.8 mln vs 13.9 mln
Year
Oper shr profit 30 cts vs profit three cts
Oper net profit 3,342,0000 vs profit 318,000
Revs 67.5 mln vs 52.6 mln
NOTE: Excludes loss of 41,000 dlrs or nil vs gain 7,000
dlrs or ni... |
ALBERTSON'S <ABS> ADOPTS STOCKHOLDER RIGHTS PLAN | Albertson's Inc said its board has
adopted a stockholder rights plan intended to protect them in
the event of any proposed takeover of the company.
Under the plan, stockholders will receive a dividend
distribution of one right for each share of common stock held
on March 23.
The rights are exercisable ten days ... |
ROSPATCH <RPCH> REJECTS DIAGNOSTIC <DRS> BID | Rospatch Corp said it
rejected a proposal by Diagnostic Retrieval Systems Inc to
acquire its stock at 22 dlrs a share.
Rospatch's board believes that the long term interests of
its shareholders will be best served by continuing as an
independent public company at this time, the company said in
response to an unsoli... |
SYNTECH INTERENATIONAL INC <SYNE> 4TH QTR NET | Shr profit six cts vs loss 4.51 dlrs
Net profit 815,167 vs loss 12,955,562
Revs 7,981,022 vs 2,954,488
Year
Shr profit 16 cts vs loss 7.22 dlrs
Net profit 2,446,100 vs loss 19,175,931
Revs 23.6 mln vs 14.6 mln
Reuter
|
INT'L MINERALS <IGL> BUYS ANIMAL PRODUCTS UNIT | International Minerals and
Chemical Corp said it completed its acquisition of Johnson and
Johnson Co's Pitman-Moore unit, a producer of animal health
products.
Terms of the acquisition were not disclosed. International
Minerals and Chemical said annual sales of the unit are about
45 mln dlrs.
Pitman-Moore makes... |
JWT <JWT> NOT APPROACHED BY GROUP SEEKING SHARES | JWT Group Inc has not been approached
by former Ted Bates Worldwide Chairman Robert Jacoby about the
possibility of a syndicate buying a 35 pct stake in JWT Group
on a friendly basis, a company spokesman said.
He said JWT would have no comment on an Advertising Age
report that Jacoby is considering heading up a ven... |
UAW WANTS TO REVIVE AMERICAN MOTORS <AMO> TALKS | The United Auto Workers said it is
willing to enter renewed negotiations to end the impasse
between American Motors Corp and two UAW locals in Wisconsin.
American Motors earlier said it broke off talks with the
UAW on a new labor contract for its plant at Kenosha, Wis. The
company's move came after its latest contr... |
BANC ONE <ONE> HAS MICHIGAN AFFILIATE | Banc One Corp said the First
National Bank of Fenton has become Bank One, Fenton, bringing
the number of its affiliates to three in Michigan.
Reuter
|
COEUR D'ALENE MINES CORP <COUR> 4TH QTR LOSS | Shr loss 18 cts vs loss one ct
Net loss 1,343,000 vs loss 49,000
Revs 6,778,000 vs 1,976,000
Year
Shr loss 67 cts vs loss ten cts
Net loss 4,693,000 vs loss 672,000
Revs 14.0 mln vs 7,034,000
Note: 1986 loss included one-time loss of 3,624,000 dlrs on
write-off of certain silver, oil and gas... |
FUNARO REJECTS UK SUGGESTION OF IMF BRAZIL PLAN | Brazilian Finance Minister Dilson Funaro
flatly rejected a U.K. Suggestion that his country seek
International Monetary Fund help in order to facilitate debt
negotiations with commercial creditor banks.
Talking to reporters, Funaro said this attitude would not
help resolve the crisis started when Brazil suspended
i... |
FOOTE MINERAL <FTE> SELLS CAMBRIDGE PLANT | Foote Mineral Co said it signed a
letter of intent with Shieldalloy Corp, a wholly-owned
subsidiary of <Metallurg Inc>, for the sale of its Cambridge,
Ohio, business.
The company said the sale, which will be explained in
greater detail after the definitive agreement has been signed,
is part of Foote's previously-an... |
U.S. WHEAT GROUPS CALL FOR GLOBAL ACTION | All major grain producing countries
must do their part to help reduce global surpluses and the
recent Australian farm policy proposals are flawed, two U.S.
wheat organizations said.
The recent Australian proposals were a good starting point
for discussions, "but we do not want the Australians to feel
they are alone... |
GELCO <GEL> SEES FLAT 1987 PRETAX OPERATING NET | Gelco Corp said that,
excluding the effects of a restructuring plan, it expects
pre-tax operating earnings for the year to end July 31, 1987,
to be about the same as those of last year.
For the year ended July 31, 1986, Gelco reported pre-tax
operating earnings of 14.8 mln dlrs, or 1.08 dlrs a share.
However, f... |
U.S. TROOPS GET COST-OF-LIVING INCREASE | Defense Secretary Caspar Weinberger
ordered an increase in cost-of-living allowances for many U.S.
military personnel abroad because of the decreased value of the
dollar against foreign currencies, the Pentagon said.
The allowances are expected to rise between 10 and 20 per
cent in many areas beginning this month, ... |
UTILICORP <UCU> ACQUIRES DOMINION <D> SUBSIDIARY | UtiliCorp United Inc said it
has closed the previously announced acquisition of West
Virginia Power from Dominion Resources Inc for about 21 mln
dlrs.
Reuter
|
DAISY SYSTEMS <DAZY> INTRODUCES WORKSTATIONS | Daisy Systems Corp said it
has introduced a line of computer-aided engineering
workstations.
The workstation family includes the Personal Logician 386,
the Logician 386 and the Personal Logicial 286.
The Personal Logician 386 is a desktop, 32-bit IBM Personal
Computer AT-compatible workstation, base priced at 2... |
WESTERN TELE-COMMUNICATIONS <WTLCA> JOINS GROUP | Western Tele-Communications Inc
said that through its subsidiary, Westlink Inc, it has joined
"Netlink USA", a general partnership consisting of Telluride
Cablevision Inc and McCaw Satellite Programming Investments
Inc.
Western said it will act as a 40 pct investor, converting
its cable television signals to satell... |
PESCH SEES SHAREHOLDER SUPPORT IN AMI <AMI> BID | Chicago physician LeRoy Pesch said he
has had discussions with several American Medical International
Inc shareholders and sees support for a restructuring of the
company.
Pesch said he has discussed his sweetened, 1.91 billion dlr
takeover bid for American Medical with several large
shareholders, including the big... |
THREE CONVICTED IN HOME STATE FAILURE | Marvin Warner and two fellow officers
of the former Home State Savings Bank were convicted on charges
connected with the collapse of Home State.
Warner, the owner of Home State, was found guilty of six
counts of performing unauthoriazed acts -- investing some Home
State money without authorization from the board of... |
VIDEO SHOPPING MALL ADDS FLORIDA STATION | <Video Shopping Mall Inc> said
it signed WJTC-TV, Pensacola, Fla, to carry its
self-improvement and specialized business opportunity programs.
Video Shopping said the station, carried over UHF channel
44 in the Pensacola area, reaches about 120,000 households.
Reuter
|
NATIONAL EARLY WARNING SEEKS OMEGA BALLISTICS | <National Early Warning Systems
Inc> said it has offered to purchase <Omega Ballistics Systems
Inc> for an undisclosed amount of cash, stock and notes.
Valley Cottage, N.Y., based Omega is a developer and
designer of lightweight, custom-crafted ballistic, assault,
flame and fire resistant paroducts.
Reuter
|
UNITED MERCHANTS <UMM> TO BUY ITS OWN STOCK | United Merchants and Manufactuerers Inc
said its board has authorized the repurchase of up to one mln
shares of the company's common stock.
The company now has about 9.1 mln shares outstanding.
It said the stock will be acquired from time to time on the
open market, depending on market conditions and other fact... |
WESTINGHOUSE <WX>, MATSUSHITA <MC> SET VENTURE | Westinghouse Electric Corp said it
agreed in principle to form a joint venture in factory
automation with Matsushita Electric Industrial Co Ltd of Japan.
The company said the venture aims to combine Matsushita's
experience in high-volume electronics manufacturing and
Westinghouse's knowledge of computer integrated ... |
SENIOR DELEGATES PESSIMISTIC ON ICO TALKS | Efforts to break an impasse between
coffee exporting and importing countries over regulating the
world coffee market in the face of falling prices appear to
have failed, senior delegates said after a contact group
meeting. The full ICO council is due to meet this evening.
President of the Brazilian Coffee Institute... |
EDO CORP <EDO> UNIT WILL BUILD AIRCRAFT PARTS | EDO Corp said McDonnell Aircraf Co has
invoked its 1987 production option calling for ejection release
units for the F-15E aircraft.
The company said the contract is not to exceed 10.1 mln
dlrs and will be handled by its government systems division in
College Point, N.Y.
The company said the contract is a follo... |
GLAMIS GOLD LTD <GLGVF> SIX MTHS DEC 31 NET | Shr 16 cts vs 22 cts
Net 1,226,597 vs 1,327,016
Revs 6,598,580 vs 5,921,828
Reuter
|
U.S. APPROVES BUYOUT OF COASTAL BANCORP <CSBK> | Coastal Bancorp said the U.S.
Federal Reserve Board approved the acquisition of Coastal by
Suffield Financial Corp <SSBK>.
The acquisition still requires approval from the Banking
Department in Maine, the company noted.
Reuter
|
LITTLE PRINCE PRODUCTIONS LTD<LTLP>1ST QTR LOSS | Qtr ended Dec 31
Shr profit nil vs loss nil
Net profit 858 vs loss 3,957
Revs 7,372 vs 1,500
Reuter
|
BRAZIL CRITICISES ADVISORY COMMITTEE STRUCTURE | Brazil is not happy with the existing
structure of the 14-bank advisory committee which coordinates
its commercial bank debt, Finance Minister Dilson Funaro said.
U.S. Banks have 50 pct representation on the committee
while holding only 35 pct of Brazil's debt to banks, he said,
adding "This is not fair with the Eu... |
VANGUARD TECHNOLOGIES <VTI> WINS CONTRACT | Vanguard Technologies International
Inc said it was awarded a 2.2 mln dlr contract from the Office
of the Secretary of Defense to provide facilities management
services.
Under the one-year contract, which also has two one-year
optional performance periods, the company said it will provide
local area network operati... |
AMCA <AIL> TO SELL SOME DOMINION BRIDGE ASSETS | AMCA International Ltd said it finalized
agreement to sell certain assets and inventories of its
Dominion Bridge steel service center operations to <Federal
Industries Ltd>'s Russelsteel Inc unit. Terms were undisclosed.
It said the sale involved assets and operations of the
general line of steel service centers in... |
CONDOR COMPUTER INTRODUCES DATABASE PRODUCT | <Condor Computer Corp> said it
is offering a 3.5-inch floppy diskette version of its Condor 3
Database Management System.
Th company said the new version contains all the features
of its 5.25-inch package, including report writer and
applications automation functions.
Reuter
|
SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD | <Scott's Hospitality Inc> said it
acquired Capital Food Services Ltd, Ottawa's largest catering
and food service company, for undisclosed terms.
Scott's said it would operate Capital Food as a separate
unit under Capital's current name and management.
Reuter
|
FUNARO REJECTS SUGGESTION OF IMF BRAZIL PLAN | Brazilian Finance Minister Dilson Funaro
flatly rejected a U.K. Suggestion that his country seek
International Monetary Fund (IMF) help in order to facilitate
debt negotiations with commercial creditor banks.
Talking to reporters, Funaro said this attitude would not
help resolve the crisis started when Brazil suspe... |
SAATCHI AND SAATCHI <SACHY> COMBINES UNITS | AC and R Advertising, a subsidiary of
Ted Bates Worldwide, a unit of one of the largest advertising
agencies in the U.S., Saatchi and Saatchi, said it will merge
with two other Bates units to form a new entity under Bates
called AC and R/DHB and Bess.
The company said the other units are Diener/Hauser/Bates
(DHB) a... |
UNION NATIONAL <UNBC> SIGNS DEFINITIVE PACT | Union National Corp said it
signed a definitive agreement under which its First National
Bank and Trust Co of Washington unit will merge with <Second
National Bank of Masontown>.
Under a previously announced merger agreement, each share
of Second National's common stock will be converted into 25
shares of Union Nat... |
ANALYSTS SEE NO OTHER BIDDER FOR PUROLATOR<PCC> | Several analysts said they do not
believe another suitor will top the 265 mln dlr bid for
Purolator Courier Corp by E.F. Hutton LBO Inc and a management
group from Purolator's courier division.
There had been speculation another offer might be
forthcoming, but analysts mostly believe the 35 dlrs per share
price bei... |
FORMER BROKER, INVESTOR SENTENCED FOR TRADING | A former stock broker and an investor
who pleaded guilty last June to insider trading as a
participant in the scheme that involved lawyer Michael David
were sentenced by the Manhattan federal court today.
Morton Shapiro, who was employed as a broker at Moseley
Hallgarten Stabrook and Weeden Inc, drew a two month ja... |
ANNUAL MAILING TO DELINQUENT FARMERS -- USDA | The Farmers Home Admininstration
(FmHA) is undertaking its annual mailing of notices to
delinquent farm borrowers, the U.S. Agriculture Department
said.
It said about 26,400 FmHA farm borrowers were delinquent on
December 31, 1986, and will be sent letters by early March.
They should get in touch with the FmHA coun... |
ANTITRUST LAWYER NOMINATED CLAIMS COURT JUDGE | Roger Andewelt, deputy assistant
attorney general for litigation in the Justice Department's
antitrust division since last June, is being nominated by
President Reagan as a judge of the United States Claims Court,
the White House said.
The nomination, which is subject to Senate approval, is for
a 15-year term. And... |
PAN AM <PN> FEBRUARY LOAD FACTOR UP | Pan Am Corp said February load factor
at Pan American World Airways rose two points to 51.9 pct from
49.9 pct a year ago.
Traffic in February increased 11 pct to to 1.50 billion
revenue passenger miles from 1.35 billion and rose 7.8 pct in
the two months year to date to 3.31 billion from 3.07 billion.
Available... |
WHITEHALL CORP <WHT> 4TH QTR NET | Shr 15 cts vs 55 cts
Net 557,000 vs 2,020,000
Revs 8,872,000 vs 13,908,000
Year
Shr 60 cts vs 2.52 dlrs
Net 2,198,000 vs 9,313,000
Revs 36.9 mln vs 55.7 mln
Reuter
|
SERVICE CORP INTERNATIONAL <SRV> 3RD QTR NET | Qtr ended Jan 31
Shr 33 cts vs 29 cts
Net 14.8 mln vs 11 mln
Revs 108.6 mln vs 70.0 mln
Avg shrs 45.2 mln vs 37.6 mln
Nine mths
Shr 88 cts vs 76 cts
Net 36.7 mln vs 28.7 mln
Revs 260.4 mln vs 193.0 mln
Avg shrs 41.9 mln vs 37.8 mln
Note: Net for nine mths includes gains from disp... |
WARNER COMMUNICATIONS <WCI>IN CONTRACT WITH ROSS | Warner Communications Inc said its
board has approved a 10-year employment contract with Chairman
Steven J. Ross.
The company said the contract was opposed by the six board
members who are nominees of Chris-Craft Inc <CCN>.
It said the new contract calls for "new bonus awards to be
paid out over the period of t... |
PEOPLES BANCORPORATION <PEOP> QUARTERLY DIVIDEND | Qtly div 25 cts vs 25 cts
Pay April 24
Record March 31
Reuter
|
CAREMARK <CMRK> CHANGES FISCAL YEAR-END | Caremark Inc said it is
changing its fiscal year-end to a calendar year from the
previous fiscal year ending June 30.
Reuter
|
CPL REIT <CNTRS> 4TH QTR NET | Shr 24 cts
Net 412,737
Revs 605,321
Year
Shr 93 cts
Net 1,577,892
Revs 2,345,261
NOTE: Full name CPL Real Estate Investment Trust.
Company was formed Dec 30, 1985.
Reuter
|
STAR TECHNOLOGIES TO TRADE ON NASDAQ | Star Technologies Inc said its
shares will begin trading on the Nasdaq national market system
tomorrow.
The company, a manufacturer of very high-speed computers
for scientific applications, has annual revenues of about 40
mln dlrs.
In the nine months ended Dec 31, the company earned 1.9 mln
dlrs against a loss ... |
REPUBLIC AUTOMOTIVE PARTS <RAUT> 4TH QTR LOSS | Shr loss 85 cts vs loss 88 cts
Net loss 2,410,000 vs loss 2,466,0000
Revs 24.0 mln vs 23.9 mln
Year
Shr loss 1.18 dlrs vs loss 81 cts
Net loss 3,338,000 vs loss 2,275,000
Revs 101.4 mln vs 112.3 mln
Reuter
|
REALMERICA CO <RACO> YEAR NOV 30 NET | Shr profit four cts vs loss 16 cts
Net profit 155,383 vs loss 577,336
Note: Net includes tax credit of 51,226 dlrs or one ct per
share.
Reuter
|
CYBERTEK <CKCP> FORMING NEW DIVISION | Cybertek said it is forming a
General Products division which will be located in Dallas.
The new division will market personal computer software
products targeted at the Fortune 500 companies, Cybertek said.
Reuter
|
S-K-I LTD <SKII> 2ND QTR JAN 25 NET | Shr 81 cts vs 57 cts
Net 3,660,273 vs 2,437,914
Revs 28.5 mln vs 23.1 mln
Six mths
Shr 29 cts vs 12 cts
Net 1,325,755 vs 483,559
Revs 31.7 mln vs 26.4 mln
Reuter
|
HOLIDAY CORP <HIA> TO REDEEM TWO BOND ISSUES | Holiday Corp said it would redeem on
March 11 all outstanding 9-1/2 pct first mortgage bonds due
1995 of its Holiday Inns Inc unit and all 9-1/2 pct first
mortgage bonds, Series A, due 1996 of its Harrah's subsidiary.
The Holiday bonds will be bought back at 101.6 pct of the
bonds' principal amount plus accrued int... |
ANCHOR GLASS <AGLS> CLEARED FOR LISTED ON NYSE | Anchor Glass Container Corp said it
has been cleared to apply for listing on the New York Stock
Exchange and expects to file its formal application for listing
later this month, with trading to begin during the week of
April 20.
The company said the NYSE advised it management that the
company meets the criteria for... |
BLOCKBUSTER <BBEC> UNIT GETS TWO MORE LICENSES | Blockbuster Entertainment Corp's
Blockbuster Distribution Corp said it executed two additional
area licenses to own and operate Blockbuster Videos Rental
stores.
It said these exclusive licenses were granted to <Videoco
Inc> for the Greensboro, Winston-Salem, Raleigh-Durham and
Highpoint, N.C. metropolitan areas. I... |
FERRO CORP <FOE> SETS JOINT VENTURE | Ferro Corp said it has formed a
joint venture with Paris-based Alsthom Inudstrial Group to
export U.S. epxertise in specialty composite materials to the
European market.
Ferro said although the airframe and aerospace industries
are the prime users of composite materials today, it plans to
develop applications for t... |
COMPUTER LANGUAGE <CLRI>UNIT OFFERS TAX PRODUCT | Computer Language Research Inc said its
CLR/Micro-Tax unit introduced a Micro-Tax W-4 Generator, a new
software package for accounts and corporate personnel
departments.
The company said the package takes the user through each
question on the new W-4, gives explanatory instructions,
automatically calculates entries... |
U.S. SELLS 3-MO BILLS AT 5.47 PCT, STOP 5.48 PCT, 6-MO 5.51 PCT, STOP 5.51 PCT
| |
WHITE HOUSE'S HOWARD BAKER SAYS REAGAN TO ADDRESS NATION WEDNESDAY AT 2100 EST
| |
NYMEX RULE CHANGE SEEN BOOSTING ENERGY TRADE | The New York Mercantile Exchange said
it will introduce exchanges for physicals (EFPS) to its energy
futures markets April one.
An exchange spokeswoman said the change will allow oil
traders that do not hold a futures position to initiate, after
the exchange closes, a transaction that can subsequently be
hedged in ... |
AMC EXTENDS INCENTIVE PROGRAM, WILL PAY CASH REBATES UP TO 700 DLRS
| |
U.S. REFINERY COPPER STOCKS FALL IN JANUARY | Refined copper stocks held by U.S.
refineries fell to 109,200 short tons at the end of January
from 145,400 short tons at the end of December, the American
Bureau of Metal Statistics reported.
Commodity Exchange (Comex) copper stocks climbed to 103,000
tons in January from 93,300 tons in December. Combined refinery... |
WHITE HOUSE WITHDRAWS GATES NOMINATION AS CIA CHIEF | The White House announced it was
withdrawing the controversial nomination of Robert Gates as CIA
director at Gates's request and has not yet decided on a
replacement.
Withdrawal of the Gates nomination was announced by new
White House Chief of Staff Howard Baker, who said President
Reagan had several names under co... |
DIAMOND SHAMROCK <DIA> SETS MEETING RECORD DATE | Diamond Shamrock Corp said it set March
26 as the record date for stockholders entitled to vote at its
April 30 annual meeting.
Reuter
|
WHITE HOUSE'S BAKER SAYS REAGAN TO MEET PRESS "VERY SOON"
| |
CCL UNIT ACQUIRES NESTLE CANADA CAN OPERATIONS | <CCL Industries Inc>'s Continental Can
Canada Inc unit said it acquired the Wallaceburg, Ontario,
metal can making operations of Nestle Enterprises Ltd, wholly
owned by <Nestle SA>, of Switzerland. Terms were undisclosed.
Continental Can said it would supply Nestle's equivalent
can requirements under a long-term ag... |
AMERICAN PORK CONGRESS KICKS OFF TOMORROW | The American Pork Congress kicks off
tomorrow, March 3, in Indianapolis with 160 of the nations pork
producers from 44 member states determining industry positions
on a number of issues, according to the National Pork Producers
Council, NPPC.
Delegates to the three day Congress will be considering 26
resolutions co... |
BURLINGTON'S EL PASO UNIT<BNI> FILES GAS PRICES | Burlington Northern Inc's El Paso
Natural Gas Co said it filed its regularly scheduled gas cost
adjustment that will leave its rates unchanged.
But still pending is El Paso's proposal to the Federal
Energy Regulatory Commission to directly bill its wholesale
customers for deficiencies in natural gas liquid revenues... |
COPPER STOCKS OUTSIDE U.S. INCREASE IN DECEMBER | Refined copper stocks held by
refineries outside the U.S. increased to a preliminary 277,500
short tons at the end of December from a preliminary 270,000
short tons (revised higher) at the end of November, the
American Bureau of Metal Statistics said.
London Metal Exchange stocks fell to 193,100 tons in
December fr... |
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