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Sandoz AG said it planned a joint venture to produce herbicides in the Soviet Union. The company said it had signed a letter of intent with the Soviet Ministry of Fertiliser Production to form the first foreign joint venture the ministry had undertaken since the Soviet Union allowed Western firms to enter into joint ve... | SANDOZ PLANS WEEDKILLER JOINT VENTURE IN USSR |
Central bank governor Chang Chi-cheng rejected a request by textile makers to halt the rise of the Taiwan dollar against the U.S. Dollar to stop them losing orders to South Korea Hong Kong and Singapore a spokesman for the Taiwan Textile Federation said. He quoted Chang as telling representatives of 19 textile associat... | TAIWAN REJECTS TEXTILE MAKERS EXCHANGE RATE PLEA |
Shr loss six cts vs profit 19 cts Net loss 166000 vs profit 580000 Revs 3772000 vs 5545000 Year Shr loss 13 cts vs profit 52 cts Net loss 391000 vs profit 1425000 Revs 15.4 mln vs 16.6 mln NOTE: 1985 year figures pro forma for purchase accounting adjustments resulting from March 1985 reeacquisition of company by its or... | NATIONAL FSI INC <NFSI> 4TH QTR LOSS |
MidCon Corp a subsidiary of Occidental Petroleum Corp <OXY> said William C. Terpstra has resigned as president and chief operating officer and his reponsibilities will be assumed by MidCon chairman O.C. Davis. No reason was given. Reuter | OCCIDENTAL <OXY> OFFICIAL RESIGNS |
Italys state-owned <Banca Nazionale del Lavoro - BNL> said it would issue 120 mln dlrs of five-year convertible eurobonds an operation to be lead-managed by <Credit Suisse-First Boston Ltd>. BNL president Nerio Nesi told a news conference that the issue to be placed on the main international markets and listed in... | ITALY'S BNL TO ISSUE 120 MLN DLR CONVERTIBLE BOND |
General Electric Co said AMR Corps oprder of GE CFG-80C2 engines to power 25 new <Airbus Industrie> A300-600R and 15 Boeing Co <BA> 767-300ER twinjets is worth over 650 mln dlrs. The company said the order is the largest single one it has ever received for commercial aircraft engines. AMR announced the order earl... | GE <GE> SAYS AMR <AMR> ORDER WORTH 650 MLN DLRS |
Shr loss 1.93 dlrs vs profit 16 cts Net loss 53412000 vs profit 4479000 Revs 24.8 mln vs 32.7 mln Note: 1986 shr and net include 51187000 dlr writedown on U.S. operations uneconomic coal operations and other mineral properties Reuter | <PRECAMBRIAN SHIELD RESOURCES LTD> YEAR LOSS |
The Bank of England said it had provided the money market with a further 437 mln stg assistance in the afternoon session. This brings the Banks total help so far today to 461 mln stg and compares with its revised shortage forecast of 450 mln stg. The central bank made purchases of bank bills outright comprising 120 mln... | U.K. MONEY MARKET GIVEN FURTHER 437 MLN STG HELP |
Shr nil vs nil Net 130998 vs 30732 Revs 1568941 vs 10053234 Reuter | GREASE MONKEY HOLDING CORP <GMHC> YEAR NOV 30 |
Oper shr profit 1.80 dlrs vs loss 2.28 dlrs Oper net profit 20480000 vs loss 1318000 Revs 25.4 mln vs 12.3 mln Avg shrs 1135000 vs 576000 NOTE: Net excludes realized investment gains of 40000 dlrs vs 13000 dlrs. 1986 net excludes 729000 dlr tax credit. Reuter | ACCEPTANCE INSURANCE HOLDINGS INC <ACPT> YEAR |
Oper shr loss 31 cts vs loss 30 cts Oper net loss 5429000 vs loss 5216000 Revs 257.5 mln vs 243.6 mln Avg shrs 17.5 mln vs 13.5 mln Year Oper shr loss eight cts vs profit 28 cts Oper net loss 1324000 vs profit 4067000 Revs 989.5 mln vs 747.9 mln Avg shrs 17.6 mln vs 15.7 mln NOTE: 1986 operating net loss excludes incom... | MINSTAR INC <MNST> 4TH QTR NET |
The coupon on Dai-Ichi Hotel Ltds 50 mln Swiss franc issue of five-year notes with equity warrants has been cut to 1-5/8 pct from the indicated 1-7/8 pct lead manager Swiss Volksbank said. The warrants have an exercise price of 1507 yen per share compared with the last traded price of 1470 yen it said. The notes are gu... | DAI-ICHI HOTEL SWISS FRANC NOTES COUPON CUT |
Shr not given Loss 54.9 mln Revs 27.2 mln Note: Prior year results not given. 1986 results include accounts of 89 pct owned <Precambrian Shield Resources Ltd> acquired November 5 1986 Reuter | <MARK RESOURCES INC> YEAR LOSS |
Saab-Scania AB is issuing a 150 mln dlr eurobond due April 2 1992 paying 7-3/4 pct and priced at 101-3/4 pct lead manager Morgan Guaranty Ltd said. The bond is available in denominations of 5000 and 50000 dlrs and will be listed in London. Payment date is April 2 1992. Fees comprise 1-1/4 pct selling concession and 5/8... | SAAB-SCANIA ISSUES 150 MLN DLR EUROBOND |
Transform Logic Corp said it has revised downward its previously reported fourth quarter and year ended October 31 results to reflect compensation expense for employee stock options. The company said resolution of this disagreement with its auditors came as a result of Securities and Exchange Commission involvement. Th... | TRANSFORM LOGIC <TOOG> REVISES RESULTS DOWNWARD |
American Stores Co said it expects to report earnings per share of 3.70 to 3.85 dlrs per share on sales of slightly over 14 billion dlrs for the year ended January 31. The supermarket chain earned 4.11 dlrs per share on sales of 13.89 billion dlrs last year. The company did not elaborate. Reuter | AMERICAN STORES <ASC> SEES LOWER YEAR NET |
Shr profit three cts vs loss seven cts Net profit 161000 vs loss 367000 Revs 24.3 mln vs 26.5 mln Reuter | KASLER CORP <KASL> 1ST QTR JAN 31 NET |
Caribbean Select Inc said it has elected to redeem on April 10 all its Class A warrants and all Class B warrants at 0.01 ct each. At the same time it said its board has decided to reduce the exercise price of the Class B warrants to 3.50 dlrs per common share from four dlrs to encourage the exercise of the warrants. Ea... | CARIBBEAN SELECT <CSEL> TO REDEEM WARRANTS |
Unilever Plc <UN.A> and NV group reported improvements in margins and underlying sales volume growth of five pct in 1986 after stripping out the effects of falling prices disposals and currency movements Unilever Plc chairman Michael Angus said. He told reporters that volumes in North America increased some 10.5 pct... | UNILEVER HAS IMPROVED MARGINS, VOLUMES IN 1986 |
Sara Lee Corp said it agreed to buy a 34 pct interest in Paris-based DIM S.A. a subsidiary of BIC S.A. at a cost of about 84 mln dlrs. DIM S.A. a hosiery manufacturer had 1985 sales of about 260 mln dlrs. The investment includes the purchase of 360537 newly issued DIM shares valued at about 51 mln dlrs and a loan of ab... | SARA LEE <SLE> TO BUY 34 PCT OF DIM |
Holiday Corps Holiday Inn Hotel Group said it will add a record 17 hotels with 4440 rooms to its international division as part of its plan to double its presence abroad by 1995. The company said its international division will reach 50000 rooms by this spring classifying it as the eighth largest hotel chain in the wor... | HOLIDAY CORP <HIA> HOTEL GROUP ADDS PROPERTIES |
China called on the United States to remove curbs on its exports to give it favourable trading status and ease restrictions on exports of high technology. But the U.S. Embassy replied that Chinese figures showing 13 years of trade deficits with the U.S. Out of the last 15 are inaccurate and said Peking itself would hav... | CHINA CALLS FOR BETTER TRADE DEAL WITH U.S. |
Commerce Secretary Malcolm Baldrige said after the release of a sharply lower January leading indicator index that a pickup in exports is needed. The best tonic for the economy now would be a pickup in net exports he said in a statement after the department reported the index fell 1.0 pct in January from December the s... | U.S. COMMERCE SECRETARY SAYS EXPORT RISE NEEDED |
<Precambrian Shield Resources Ltd> earlier reporting a large loss against year-ago profit said the 1986 loss was mainly due to a 51187000 dlr writedown on its U.S. operations uneconomic coal and other mineral properties. Precambrian which is 89 pct owned by <Mark Resources Inc> said it took the writedown in accor... | PRECAMBRIAN SHIELD TAKES 51 MLN DLR WRITEDOWN |
Aero Services Inc said its common stock will continue to be included for quotation in the National Association of Securities Dealers NASDAQ system due to an exception from filing requiements which it failed to meet as of January 15. The company said while it believes it can meet conditions the NASD imposed for the exce... | AERO SERVICES <AEROE> GETS NASDAQ EXCEPTION |
The Kenyan economy is heading for difficult times after a boom last year and the country must tighten its belt to prevent the balance of payments swinging too far into deficit President Daniel Arap Moi said. In a speech at the state opening of parliament Moi said high coffee prices and cheap oil in 1986 led to economic... | KENYAN ECONOMY FACES PROBLEMS, PRESIDENT SAYS |
Tri-Star Pictures Inc said it is changing its fiscal year to year ending at the end of February from a calendar year to reflect the traditional business cycles of its two principal businesses motion picture distribution and motion picture exhibition. It said it expects to file a report for the two-month fiscal year end... | TRI-STAR <TRSP> CHANGING FISCAL YEAR |
Lifetime Corp said it will make an announcement this morning between 1000 EST and 1030 EST. A company spokesman said the company preferred not to comment until that time. The American Stock Exchange delayed trading in Lifetime shares this morning for news pending. Reuter | LIFETIME <LFT> TO MAKE ANNOUNCEMENT |
<Scotts Hospitality Inc> said it acquired all issued shares of Capital Food Services Ltd of Ottawa. Terms were not disclosed. Scotts said Capital Food had 1986 sales of more than 20 mln dlrs and will continue to operate under its present name with existing management. Capital Food provides food services to several O... | SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD |
Zimbabwean coffee output will reach 13000 tonnes this year up on just over 11000 tonnes produced in 1986 the Commercial Coffee Growers Association said. Administrative Executive Robin Taylor told the domestic news agency ZIANA that Zimbabwe earned the equivalent of 33 mln U.S. Dlrs from coffee exports last year. He wou... | ZIMBABWE COFFEE OUTPUT SET TO RISE |
Yankee Cos Inc said it has acquired 3916000 dlrs of 7-1/2 pct convertible subordinated debentures due May 15 1998 of its YFC International Finance NV affiliate for 501807 common shares from an institutional investor. Reuter | YANKEE <YNK> SWAPS STOCK FOR DEBENTURES |
Video Display Corfp said it has reached a tentiative agreement to sell its existing cable television business for undisclosed terms and expects to report a gain on the transaction. The buyer was not named. The company said it will redeploy its service assets into manufacturing and distribution. It said the operations b... | VIDEO DISPLAY <VIDE> TO SELL CABLE TV UNIT |
Shr three cts vs three cts Net 9820000 vs 91898 Revs 2843520 vs 2372457 Year Shr 13 cts vs 21 cts Net 401179 vs 681374 Revs 10.5 mln vs 9699535 Reuter | INTEK DIVERSIFIED CORP <IDCC> 4TH QTR NET |
<Beryllium International Corp> said it has signed a joint venture agreement with Cominco American Inc a unit of Cominco Ltd <CLT> to develop a beryllium mine and processing plant on Beryllium Internationals property in the Topaz Mountains southwest of Salt Lake City. Beryllium said as a 49 pct owner of the ventur... | BERYLLIUM INT'L SIGNS JOINT VENTURE PACT |
U.S. SINGLE-FAMILY HOME SALES FELL 6.8 PCT IN JAN AFTER REVISED 12.1 PCT DEC GAIN | |
Sales of new single-family homes in the United States fell 6.8 pct in January from December to a seasonally adjusted annual rate of 716000 units the Commerce Department said. The department revised downward Decembers sales to a 12.1 pct rise to 768000 units from the previously reported 12.7 pct increase. The January de... | U.S. HOME SALES FELL 6.8 PCT IN JANUARY |
Dimis Inc said it has extended by five business days the expiration of its common stock purchase warrants until March Nine. It said over one mln have already been exercised. The warrants became effective February 17. Holders exercising will receive a new warrant expiring March 31 allowing the purchase of half a common ... | DIMIS <DMS> EXTENDS LIFE OF WARRANTS BRIEFLY |
<American Barrick Resources Corp> said wholly owned Barrick Resources (USA) Inc completed the previously announced 50 mln U.S. dlr issue of two pct gold indexed notes which are guaranteed by American Barrick. Reuter | AMERICAN BARRICK <ABX> UNIT COMPLETES ISSUE |
Community Bank System Inc said it has entered into a definitive agreement to acquire Nichols Community Bank for 2800000 dlrs in common stock. It said subject to approval by Nichols shareholders and regulatory authorities the transaction is expected to be completed later this year. Reuter | COMMUNITY BANK <CBSI> TO MAKE ACQUISITION |
Belgian unemployment based on the number of jobless drawing unemployment benefit fell to 12.1 pct of the working population at the end of February from 12.6 pct at the end of January the National Statistics Office said. The rate compares with 12.4 pct at the end of February 1986. The total number of jobless stood at 50... | BELGIAN UNEMPLOYMENT FALLS IN FEBRUARY |
Eastman Kodak Co said it is introducing four information technology systems that will be led by todays highest-capacity system for data storage and retrieval. The company said information management products will be the focus of a multi-mln dlr business-to-business communications campaign under the threme The New Visio... | KODAK <EK> HAS NEW DATA STORAGE, USAGE SYSTEMS |
Bangor Hydro-Electric Cor said it has filed with the Maine Public Utilities Commission (MPUC) for a two-stage base rate reduction. Bangor Hydro said the first stage which could take effect on April 1 and would stay effective until the MPUC makes a final decision on the filing could cut revenues by 6.149 mln dlrs or 9.7... | BANGOR HYDRO <BANG> SEEKS RATE CUT |
Browning-Ferris Industries Inc said the Colorado Department of Health and the U.S. Environmental Protection Agency have awarded the company permits to build and operate a hazardous waste disposal site near Last Chance Colo. The company said construction will start this year and take about 12 months costing about 14 to ... | BROWNING-FERRIS <BFI>WASTE DISPOSAL SITE CLEARED |
Sales 3.65 billion crowns vs 3.40 billion. Profit after financial items 821.2 mln crowns vs 740.2 mln. The 1986 results include a once-off writedown of 520 mln crowns for intangible assets mainly the know-how paid for in the takeover of a number of high-tech companies by the group Pharmacia said. Earnings per share aft... | PHARMACIA AB <PHAB ST> 1986 YEAR |
VWR Corp said it has formed a new subsidiary Momentun Textiles to handle the distribution of upholstery fabrics leathers and naugahyde to contract and consumer furniture manufacturers. It said its VWR Textiles and Supplies unit which had handled that business will continue to distribute non-woven textiles construction ... | VWR CORP <VWRX> FORMS NEW UNIT |
Saxon Oil Development Partners Saxon Oil Co said its chairman Bill Saxon and chief executive officer Steven Saxon have resigned effective immediately. Saxon said Anthony Gumbiner chairman and chief executive officer of The Hallwood Group Inc succeeds Bill Saxon as chairman. Hallwood owns a substantial number of shares ... | HALLWOOD GROUP <HWG> OFFICIAL GET SAXON POST |
Pharmacia AB <PHAB ST> forecast earnings after financial items of one billion crowns in 1987 vs 821.2 mln last year on condition that exchange rates remained at their present parities. Sales would in such circumstances go up to six billion crowns from 3.65 billion in 1986 it said. A weakening Dollar was mainly respo... | PHARMACIA FORECASTS HIGHER 1987 EARNINGS |
Beryllium International Corp said it has signed a joint venture agreement with Cominco American Inc a unit of Cominco Ltd to develop a beryllium mine and processing plant on Beryllium Internationals property in the Topaz Mountains southwest of Salt Lake City. Beryllium said as a 49 pct owner of the venture it would be ... | BERYLLIUM INT'L SETS JOINT VENTURE WITH COMINCO |
CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL | |
CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL | |
United-Guardian Inc said it signed a contract with <Federal Health Corp> covering the exclusive marketing of Warexin a disinfectant for kidney dialysis machines hospital equipment and instruments. Under the contract United-Guardian said Federal will continue to supply Hospal a subsidiary of <Sandoz Ltd> and <R... | UNITED-GUARDIAN <UNIR>, <FEDERAL> SIGN CONTRACT |
McLean Industries Inc said its shipping subsidiary United States Lines Inc reached an agreement in principle to transfer its South American service to American Transport Lines Inc a subsidiary of <Crowley Maritime Corp>. Under the terms of the agreement United States Lines will lease five vessels to American Transpo... | MCLEAN INDUSTRIES <MII> UNIT TRANSERS SERVICE |
Senate Banking Committee Chairman William Proxmire said modified legislation to help a federal deposit insurance fund and prohibit new limited-service banks and thrifts could be ready for a Senate vote in two to three weeks. Proxmire said he agreed to demands from committee members for a one-year moratorium on granting... | PROXMIRE VOWS QUICK ACTION ON U.S. BANKING BILL |
U.S. factory usage of lard in the production of both edible and inedible products during January totaled 21.3 mln lbs vs a revised 25.6 mln lbs in December according to Census Bureau figures. In the year-earlier period usage which includes hydrogenated vegetable and animal fats and other oils in process amounted to 33.... | U.S. LARD CONSUMPTION IN JANUARY |
The Amsterdam unit of French bank Societe Generale said it is launching a 50-mln guilder five month certificate of deposit programme starting March 6 and ending September 7. Denominations will be in one mln guilders. The price is to be set on March 4 issue date is March 6 and redemption at par is on September 7. Subscr... | SOCIETE GENERALE DUTCH UNIT LAUNCHES CD PROGRAMME |
Mony Funding Inc is issuing a 125 mln dlr eurobond due April 7 1997 paying 8-1/8 pct and priced at 101-1/2 pct sole lead manager Citicorp Investment Bank Ltd said. The non-callable bond is guaranteed by Mutual Life Insurance Co of the U.S. And is available in denominations of 5000 dlrs and will be listed in Luxembourg.... | MONY FUNDING ISSUES 125 MLN DLR EUROBOND |
A total of 2435 tonnes of British intervention feed wheat were sold at todays tender for the home market out of requests for 3435 tonnes the Home Grown Cereals Authority HGCA said. Price details were not reported. No bids were submitted for intervention barley. Reuter | SMALL QUANTITY OF UK WHEAT SOLD TO HOME MARKET |
CANADA DECEMBER GDP UP 1.2 PCT AFTER NOVEMBER'S 0.2 PCT FALL - OFFICIAL | |
Shr 78 cts vs one dlr Net 1413000 vs 1776000 Assets 705.3 mln vs 597.3 mln Deposits 495.6 mln vs 493.9 mln Loans 260.0 mln vs 379.7 mln Qtly div six cts vs six cts prior qtr Pay April 1 Record March 6 NOTE: 1986 net includes charges from accounting changes from one-time expenses associated with a proxy contest and an i... | FIRST FEDERAL SAVINGS <FFKZ> YEAR NET |
Boeing Co said its order for 15 extended-range 767-300s from AMR Corp <AMR> is worth over one billion dlrs. The company said AMR is its first customer for the 767-300ER twinjet a derivative of its 767-200 designed for increased passenger and cargo capability on flights of up to 6600 miles. It said the first delivery... | BOEING <BA> SAYS ORDER WORTH ONE BILLION DLRS |
Inland Steel Industries Inc said it registered with the Securities and Exchange Commission for a proposed public offering of 1.5 mln shares of Series C cumulative convertible exchangeable preferred shares 50 dlrs a share liquidation value. Goldman Sachs and Co and First Boston Corp are underwriters. They have an option... | INLAND <IAD> FILES FOR 1.5 MLN SHARES OFF |
Acustar Corp said it has discovered significant unauthorized activity in its corporate accounts but has not yet determined the full extent of the problem. It said it has requested that all over-the-counter trading in its stock be halted until it can make a further announcement. An investigation is underway it said. Reu... | <ACUSTAR CORP> HAS UNAUTHORIZED ACCOUNT ACTION |
Shr 22 cts vs 12 cts Net 3243000 vs 1656000 Revs 28.4 mln vs 21.5 mln NOTE: All amts reflect 3-for-2 stock split of companys common in form of 50 pct stock dividend paid Feb 26 1987. Reuter | TOLL BROTHERS INC <TOL> 1ST QTR JAN 31 NET |
Unicorp American Corp said it has formed a joint venture with Sybedon Corp a New York real estate investment banking firm to pursue real estate projects. It said a total of 20 mln dlrs is being committed to the joint venture. Reuter | UNICORP AMERICAN <UAC> IN JOINT VENTURE |
Qtly div 25 cts vs 25 cts prior qtr Pay 31 May Record 1 May Reuter | PILLSBURY CO <PSY> VOTES QUARTERLY DIVIDEND |
Qtrly div 28.5 cts vs 28.5 cts Pay April 15 Record March 31 Reuter | BERKSHIRE GAS CO <BGAS> PAYS REGULAR QTLRY DIV |
The U.K. Exported 535460 tonnes of wheat and 336750 tonnes of barley in January the Home Grown Cereals Authority (HGCA) said quoting adjusted Customs and Excise figures. Based on the previous January figures issued on February 9 wheat exports increased by nearly 64000 tonnes and barley by about 7000 tonnes. The new fig... | U.K. WHEAT AND BARLEY EXPORTS ADJUSTED UPWARDS |
Canadas real gross domestic product seasonally adjusted rose 1.1 pct in the fourth quarter of 1986 the same as the growth as in the previous quarter Statistics Canada said. That left growth for the full year at 3.1 pct which is down from 1985s four pct increase. The rise was also slightly below the 3.3 pct growth rate ... | CANADA GDP RISES 3.1 PCT IN 1986 |
Winter wheat crops in the western Soviet Union Poland and eastern Czechoslovakia through northern Romania may suffer some winterkill over the next two nights private forecaster Accu-Weather Inc said. Western USSR winter wheat areas have had only light and spotty snow and winterkill is possible tonight and tomorrow nigh... | EAST EUROPE WHEAT WINTERKILL POSSIBLE, ACCU SAYS |
Shr 28 cts vs 22 cts Net 14 mln vs 10.6 mln Revs 163.8 mln vs 127.3 mln Year Shr 81 cts vs 59 cts Net 40.5 mln vs 28.7 mln Revs 521.2 mln vs 391.6 mln Reuter | CHARMING SHOPPES INC <CHRS> 4TH QTR JAN 31 NET |
Pansophic Systems Inc said it will split its stock two-for-one effective April two to shareholders of record March 13. It also said it will pay a six cts per share dividend on the pre-split shares a regular quarterly dividend on April two to shareholders of record March 13. Reuter | PANSOPHIC SYSTEMS <PNS> SPLITS STOCK 2-FOR-1 |
Lac Minerals Ltd and <Cambior Inc> said they completed a second hole at their jointly owned Doyon mine in Quebec which showed two significant gold intersections. One intersection graded 0.33 ounce gold a short ton over 44 feet at depth of 1411 feet while the other graded 0.22 ounce gold a ton over 23 feet at 2064 fe... | LAC <LAC> INTERSECTS MORE GOLD AT DOYON MINE |
AMR Corp chairman Robert Crandall denying industry speculation said the company is not interested in acquiring shuttle routes in the northeast region of the U.S. from Pan Am Corp. But in remarks at a press conference announcing a major aircraft order he said AMR would be interested in certain other Pan Am assets. But h... | AMR <AMR> DISCOUNTS TALK ON PAN AM <PN> DEAL |
Calmar Inc said KEBOO Ab of Sweden which now owns about 64 pct of Calmark has approved the acquisition of remaining Calmar shares at 25.375 dlrs in cash at the request of the Calmar board. Calmar said a special meeting of its board will be held March Nine to form a special committee of directors not affiliated with KEB... | CALMAR <CLMI> SEEKS TO BE ACQUIRED BY <KEBO AB> |
Fruit of the Loom Inc said an initial public offering of 27 mln Class A common shares is underway at nine dlrs per share through underwriters led by <Drexel Burnham Lambert Inc> Merrill Lynch and Co Inc <MER> E.F. Hutton Group Inc <EFH> and Sears Roebuck and Co Incs <S> Dean Witter Reynolds Inc unit. Reuter | <FRUIT OF THE LOOM INC> INITIAL OFFERING STARTS |
Italys state-owned <Banca Nazionale Del Lavoro-BNL> said it is negotiating to buy a West German bank as part of its foreign expansion policy. BNL president Nerio Nesi told a news conference the Italian bank was currently involved in talks but declined to name the German institution. He said the takeover move could b... | ITALY'S BNL NEGOTIATING PURCHASE OF GERMAN BANK |
Three black workers were killed and seven injured in fighting at a South African zinc refinery last night Gold Fields of South Africa Ltd said. The company said two groups of workers began attacking each other at about 1000 local time with machetes knives and sticks at a hostel at the Zincor plant some 40 kms east of J... | THREE KILLED IN SOUTH AFRICA ZINC REFINERY CLASH |
The Federal Reserve is expected to enter the U.S. Government securities market to add temporary reserves economists said. They expect it to supply the reserves indirectly by arranging 1.5 to two billion dlrs of customer repurchase agreements. The Fed may add the reserves directly instead via System repurchases. Federal... | FED EXPECTED TO ADD TEMPORARY RESERVES |
European Community industrial output increased by an average of around two pct last year compared with 3.3 pct growth recorded in 1985 against a year earlier the EC statistics office Eurostat said. Growth was highest in Portugal at five pct while in Greece output contracted by 0.3 pct Eurostat said in a statement. Euro... | EC INDUSTRY OUTPUT GROWTH SLOWS IN 1986 |
Shr profit five cts vs loss 2.11 dlrs Net profit 375061 vs loss 10.4 mln Revs 39.9 mln vs 37.8 mln Avg shrs 6536008 vs 4939895 12 mths Shr profit 47 cts vs loss 3.37 dlrs Net profit 2837288 vs loss 16.6 mln Revs 169.1 mln vs 149.4 mln Avg shrs 6037640 vs 4937378 NOTE: primary earnings per share are based on the weighte... | LSB INDUSTRIES INC <LSB> 4TH QTR NET |
U.S. Carmaker General Motors hopes to sell between 7000 and 8000 vehicles in Europe this year a five-fold rise over the year before James Fry vice-president of GM Overseas Distribution Corporation told a news briefing. The low dollar makes our prices very attractive he said at a GM preview before the opening of the Gen... | GM <GM> HOPES FOR FIVE-FOLD RISE IN EUROPEAN SALES |
Lac Minerals Ltd and Cambior Inc said they completed a second hole at their jointly owned Doyon mine in Quebec which showed two significant gold intersections. One intersection graded 0.33 ounce gold per short ton over 44 feet at depth of 1411 feet while the other graded 0.22 ounce gold per ton over 23 feet at 2064 fee... | MORE GOLD DETECTED AT DOYON MINE |
Pizza Inn Inc said it will be making an announcement sometime this morning. The company declined to discuss details of the announcement. The American Stock Exchange delayed trading Pizza Inn shares this morning for news pending. Pizza Inn recently received a buyout proposal from Concept Development Inc <CDII> for an... | PIZZA INN <PZA> TO MAKE ANNOUNCEMENT |
Oper shr profit 34 cts vs loss 53 cts Oper net profit 3337000 vs 4881000 Revs 32.7 mln vs 49.6 mln Year Oper shr profit 20 cts vs loss 90 cts Oper net profit 2374000 vs loss 9381000 Revs 126.9 mln vs 160.5 mln NOTES: Operating net excludes loss 6050000 dlrs or 64 cts a share vs loss 24839000 dlrs or 2.61 dlrs a share i... | GULF RESOURCES AND CHEMICAL CORP <GRE> 4TH QTR |
The collapse of International Coffee Organization ICO talks on export quotas yesterday removes the immediate need to reinstate U.S. legislation allowing the customs service to monitor coffee imports analysts here said. The Reagan administration proposed in trade legislation offered Congress last month that authority to... | COFFEE TALKS COLLAPSE EASES NEED FOR U.S. BILL |
Scotia Mortgage Corp is issuing a 100 mln Canadian dlr eurobond due April 9 1992 paying 8-3/4 pct and priced at 100-3/4 pct lead manager Wood Gundy Ltd said. The non-callable bond is available in denominations of 1000 and 10000 Canadian dlrs and will be listed in Luxembourg. It is guaranteed by the Bank of Nova Scotia.... | SCOTIA MORTGAGE ISSUES 100 MLN CANADIAN DLR BOND |
Shr 70 cts vs 56 cts Net 6197000 vs 4880000 Revs 24.1 mln vs 17.1 mln Nine mths Shr 1.38 dlrs vs 1.20 dlrs Net 12.1 mln vs 10.4 mln Revs 52.5 mln vs 41.8 mln Reuter | PANSOPHIC SYSTEMS INC <PNS> 3RD QTR JAN 31 NET |
Former Treasury official C. Fred Bergsten said a new exchange rate system is needed to replace the fixed and flexible exchange rate systems which he said had not worked. I prefer a move to target zones in which the major countries would determine ranges of 15-20 pct within which they would pledge to hold their exchange... | FORMER TREASURY OFFICIAL URGES CURRENCY REFORMS |
Scotia Mortgage Corp is issuing a 100 mln Canadian dlr eurobond due April 9 1992 paying 8-3/4 pct and priced at 100-3/4 pct lead manager Wood Gundy Ltd said. The non-callable bond is available in denominations of 1000 and 10000 Canadian dlrs and will be listed in Luxembourg. It is guaranteed by the Bank of Nova Scotia.... | SCOTIA MORTGAGE ISSUES 100 MLN CANADIAN DLR BOND |
Qtly div 10 cts vs 10 cts prior Pay April 13 Record March 13 Reuter | KNUTSON MORTGAGE CORP <KNMC> SETS QUARTERLY |
FORD MOTOR CO OF CANADA LTD 4TH QTR SHR 8.17 DLRS VS 55 CTS | |
Ausimont Compo NV said it will change its name to Ausimont NV on May Six subject to shareholder approval. Reuter | AUSIMONT COMPO <AUS> TO CHANGE NAME |
Syria has complained to the United Nations that Israeli occupation authorities were blocking the export of citrus fruit from the Gaza Strip to the countries of the European Community EC. In a letter to Secretary General Javier Perez de Cuellar published here today Syrian U.N. charge daffaires Abdul Moumen Al-Atassi sai... | SYRIA SAYS ISRAEL BLOCKS CITRUS EXPORT FROM GAZA |
There was no evidence of winterkill in Yugoslavian winter wheat during field travel along a line running northwest from Belgrade to near Maribor the U.S. Agriculture Departments counselor in Belgrade said in a field report. The report dated February 26 said there is evidence of delayed germination in most areas due to ... | YUGOSLAVIA WHEAT FREE OF WINTERKILL - USDA |
American Telephone and Telegraph Co said small businesses can win up to a 10 pct discount on telephone equipment under a new program. According to the Americas Choice Bonus Program customers that rent certain phone systems can earn credits each time they pay their monthly or fixed term lease bills. The credits can be u... | ATT <T> SETS SOME PHONE EQUIPMENT DISCOUNTS |
Shr 42 cts vs 39 cts Net 12.3 mln vs 9382000 Sales 172.0 mln vs 146.00 mln Avg shrs 29.5 mln vs 24.3 mln Year Shr 1.63 dlrs vs 1.35 dlrs Net 45.7 mln vs 30.0 mln Sales 665.5 mln vs 446.2 mln Avg shrs 28.0 mln vs 22.3 mln NOTE: translated at 1339 Italian lire to dollar. Reuter | AUSIMONT COMPO NV <AUS> 4TH QTR NET |
LyphoMed Inc said it has tentatively agreed to form a joint venture with privately-held Novopharm Ltd of Canada whereby each will market the others drug in their home country. LyphoMed will sell Novopharms oral pharmaceutical drugs in the U.S. and Novopharm will sell Lyphomeds injectable pharmaceutical drugs in Canada ... | LYPHOMED <LMED> IN JOINT MARKETING PACT |
Bell Petroleum Services Inc currently in Chapter 11 said Regal International Inc has acquired an option to buy its secured notes held by its banks. Bell said Regal also expressed interest in discussing an acquisition offer but Bells board rejected the offer saying it wanted to remain independent and proceed with its ch... | REGAL INT'L <RGL> HOLDS BELL PETROLEUM OPTION |
Norton co said it has agreed to sell its remaining South African business Norton co Pty Ltd to <Global Mining and Industrial Corp> of South africa for undisclosed terms. The company said the unit accounts for less than two pct of Norton revenues and is being sold because Growing societal pressures in the United Stat... | NORTON <NRT> TO SELL SOUTH AFRICAN OPERATIONS |
Canadas current account deficit widened to a seasonally adjusted 2.27 billion dlrs in the fourth quarter from a deficit of 1.94 billion dlrs in the third Statistics Canada said. The shortfall for the full year rose to 8.81 billion dlrs from 1985s 584 mln dlr deficit the federal agency said. The agency said the rise in ... | CANADA CURRENT ACCOUNT DEFICIT UP IN QUARTER |
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