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Shr loss 2.07 dlrs vs profit 36 cts Net loss 1088000 vs profit 187000 Year Shr loss 12.23 dlrs vs profit 17 cts Net loss 645000 vs profit 89000 NOTE: Home Federal Savings and Loan Association of the Rockies. 1986 net includes tax credits of 165000 dlrs in quarter and 189000 dlrs in year. Net includes pretax loan loss p...
HOME FEDERAL OF THE ROCKIES <HROK> 4TH QTR LOSS
Canadas gross domestic product by industry rose a seasonally adjusted 1.2 pct in December the largest monthly gain since April 1986 Statistics Canada said. GDP which fell 0.2 pct in November was 2.1 pct above the December 1985 level the federal agency said. Output of goods producing industries rose 1.6 pct in the month...
CANADA DECEMBER GDP GAINS 1.2 PCT
Advertising agents Saatchi and Saatchi Co Plc &lt;SACHY> said it was buying &lt;Cleveland Consulting Associates Inc> for an initial consideration of 2.0 mln dlrs. Additional payments may be made annually through the year ending March 31 1991 to bring the total consideration up to 9.5 pct of Clevelands average post-tax ...
SAATCHI AND SAATCHI BUYS CLEVELAND CONSULTING
Chesebrough-Ponds Inc recently acquired by a unit of Unilever N.V. said it is offering to sell its Bass shoe division as a result of an ongoing evaluation of the long-term direction of its businesses. The diversified maker of health and beauty aids said it acquired Falmouth Maine-based G.H. Bass and Co in 1978 when the...
UNILEVER'S <UN> CHESEBROUGH OFFERS TO SELL BASS
Continental Corp said the fresh start provision of the Tax Reform Act of 1986 may add 1.30 to 1.60 to 1987 earnings per share. The insurance holding company had net earnings of 449.6 mln dlrs or or 7.42 per share in 1986. John Loynes Continental chief financial officer said the fresh start provision allowed the company...
CONTINENTAL <GIC> SEES 1987 NET UP FROM TAX LAW
This weeks Ontario government auction of 50 mln dlrs worth of 91-day treasury bills yielded an average of 7.28 pct up slightly from 7.26 pct last week a treasury department spokesman said. Average price was 98.217. Reuter
ONTARIO TREASURY BILL YIELD EDGES UP
FIRESTONE TO CLOSE TIRE PLANTS IN IOWA, ILLINOIS AND OKLAHOMA
Shr 8.17 dlrs vs 55 cts Net 67.7 mln vs 4.5 mln Revs 3.67 billion vs 3.54 billion Year Shr 12.19 dlrs vs 24.00 dlrs Net 101.1 mln vs 199.0 mln Revs 14.33 billion vs 13.35 billion Note: 90 pct owned by Ford Motor Co &lt;F> Reuter
FORD MOTOR CO OF CANADA LTD <FC> 4TH QTR NET
ROYAL BANK OF CANADA 1ST QTR SHR 88 CTS VS 1.22 DLRS
Belgian Foreign Trade Minister Herman De Croo said he believed there would be a compromise within the European Community EC on its proposed tax on vegetable fats and oil averting a pledged tough trade response by the United States. De Croo in Washington for talks with Administration officials and Congressional leaders ...
BELGIAN MINISTER SEES NEW ACCORD ON EC OILS/FATS
Shr 33 cts vs 28 cts Net 3722000 vs 3103000 Sales 33.0 mln vs 31.8 mln Avg shrs 11.2 mln vs 11.1 mln 1st half Shr 68 cts vs 58 cts Net 7585000 vs 6346000 Sales 65.9 mln vs 61.3 mln Avg shrs 11.2 mln vs 11.0 mln NOTE: Share adjusted for three-for-two October 1986 stock split. Reuter
ANITEC IMAGE TECHNOLOGY CORP <ANTC> 2ND QTR NET
Loans and advances from the Dutch central bank to the commercial banks were barely changed at 12.9 billion guilders in the week up to and including March 2 the central bank weekly return showed. The Treasurys account with the bank dropped 1.3 billion guilders. Dealers said a larger amount of funds in the form of intere...
DUTCH MONEY MARKET DEBT BARELY CHANGED IN WEEK
Nexxus Technologies Inc said it has signed production contracts totaling about 10 mln dlrs with three major U.S. gem wholesalers. The company said it expects to start operations on these contracts in May adding the work will continue through late 1989. Additional contracts with international gem wholesalers are expecte...
NEXXUS <NEXX> SIGNS CONTRACTS WORTH 10 MLN DLRS
Chrysler Corp said its U.S. car production in February totalled 110552 units compared with 123092 a year ago. The company said its U.S. truck production in the month totalled 21177 compared with none a year ago. Year-to-date Chrysler said its U.S. car output was 216987 compared with 257941 and truck production is 39834...
CHRYSLER <C> FEBRUARY U.S. CAR OUTPUT OFF
House Banking committee chairman Fernand St Germain D-R.I. called for caution in giving savings associations forbearance in paying their debts as part of a bill providing three billion dlrs in new capital for the Federal Savings and Loan Insurance Corp. We cannot let forbearance stretch to protect the mismanaged or ter...
U.S. BANKING CHAIRMAN URGES CAUTION ON FSLIC BILL
A number of computer companies said they formed Network Computing Forum an industry group focusing on ways to tie computers workstations and networks together. The participants include Apollo Computer Inc &lt;APCI> Alliant Computer Systems Corp &lt;ALNT> Apple Computer Inc &lt;AAPL> Concurrent Computer Inc &lt;CCUR> an...
COMPUTER COMPANIES FORM NETWORKING GROUP
Shr profit three cts vs loss 11 cts Net profit 507000 vs loss 1823000 Revs 11.2 mln vs 204000 Reuter
DASA CORP <DASA> YEAR NET
An investor group led by Central National-Gottesman Inc a New York investment firm and its executive vice president Edgar Wachenheim said they cut their stake in Material Sciences Corp to less than five pct. In a filing with the Securities and Exchange Commission the group said it sold 19500 Material Sciences common sh...
GROUP TRIMS MATERIAL SCIENCES <MSC> STAKE
Sapporo Breweries Ltd is launching a 100 mln Swiss franc 4-5/8 pct five-year guaranteed notes issue priced at 100-1/4 pct lead manager Swiss Bank Corp said. The issue is guaranteed by Fuji Bank and payment date is March 17. REUTER
SAPPORO BREWERIES PLANS 100 MLN SWISS FRANC NOTES
FED SETS 1.5 BILLION DLR CUSTOMER REPURCHASE, FED SAYS
Chrysler Corp said its February U.S. car production was 110552 compared with 123092 a year ago. The number three automaker said U.S. truck production totalled 21177 compared with nine last year. The figures exclude Canadian truck production much of which is sold to U.S. dealers. Year-to-date Chrysler said car output de...
CHRYSLER <C> FEBRUARY U.S. CAR OUTPUT DOWN
Periods ended Jan 31 Shr 28 cts vs 35 cts Net 2374000 vs 2987000 Sales 35.2 mln vs 34 mln Backlog 36.8 mln vs 33.9 mln Reuter
ADC TELECOMMUNICATIONS INC <ADCT> 1ST QTR NET
Tylan Corp aid it has retained the investment banking firm Kahn and Harris to sell its furnace product line. The company said it has already been contacted by several potential buyers. In 1986 Tylans furnace product shipments in the U.S. represented 10.3 mln dlrs of the companys total net sales of 28.4 mln dlrs. Reuter
TYLAN CORP <TYLN> TO SELL FURNACE PRODUCT LINE
Shr basic 88 cts vs 1.22 dlrs Shr diluted 83 cts vs 1.10 dlrs Net 114108000 vs 140389000 Avg shrs 107.5 mln vs 100.5 mln Loans 66.4 billion vs 65.9 billion Deposits 82.8 billion vs 84.4 billion Assets 98.7 billion vs 96.7 billion. Reuter
<ROYAL BANK OF CANADA> 1ST QTR JAN 31 NET
The Federal Reserve entered the U.S. Government securities market to arrange 1.5 billion dlrs of customer repurchase agreements a Fed spokesman said. Dealers said Federal funds were trading at 6-1/4 pct when the Fed began its temporary and indirect supply of reserves to the banking system. Reuter
FED ADDS RESERVES VIA CUSTOMER REPURCHASES
Home Shopping Network Inc said its board approved plans to offer a stock option plan for its cable television operators. The company said it will offer the options in exchange for a commitment to operate the companys programs to a set number of subscribers for five years. The agreement also includes a five year extensi...
HOME SHOPPING <HSN> SETS STOCK OPTIONS
Boget Oil Co said it has purchased interests in about 200 wells in Oklahoma and seven medium-depth drilling rigs for 4.5 mln dlrs. The company said it will be able to incorporate the 150 operated wells within its field organization and intends to dispose of the rigs by private sale or auction in the near future. Reuter
BOGERT OIL <BOGO> BUYS WELLS, DRILLING RIGS
Oper shr 1.58 dlrs vs 77 cts Oper net 1648000 vs 817000 Sales 25.7 mln vs 20.5 mln NOTE: Net excludes discontinued operations gain 451000 dlrs vs loss 4310000 dlrs. Reuter
SUPRADUR COS INC <SUPD> YEAR NET
Socialist Prime Minister Bettino Craxi said his five party coalition government would resign. Craxi Italys prime minister for a postwar record of 3-1/2 years told the Senate (upper house) he would hand his and the governments resignation to President Francesco Cossiga immediately after leaving the chamber. Craxi has be...
ITALIAN PRIME MINISTER CRAXI SAYS HE WILL RESIGN
Adobe Systems Inc said it signed a contract with International Business Machines giving IBM licensing rights to its PostScript page description language interpreter. Adobe said IBM plans to use PostScript as one of the foundation elements of its preferred environments for IBM electronic publishing products. Reuter
ADOBE SYSTEMS <ADBE> SETS PACT WITH IBM <IBM>
The upcoming five-month deficiency payments to corn and sorghum farmers will be made half in cash and half in generic commodity certificates a senior Agriculture Department official told Reuters. Around 300 mln dlrs of the in-kind certificates or certs will be mailed out to farmers around March 15 or 16 Tom von Garlem ...
U.S. SETS CORN DEFICIENCY PAYMENT HALF PIK CERTS
Ford Motor Co of Canada Ltd 90 pct owned by Ford Motor Co &lt;F> said the earlier reported decline in full year net profit was mainly due to changeoover costs at its Essex Ontario engine plant. Ford Canada also said sharply improved fourth quarter results were due to improved cost recovery and lower product program cos...
FORD CANADA <FC> PROFIT DOWN ON CHANGEOVER COST
Firestone Tire and Rubber Co has notified the United Rubber Workers the company will close its Des Moines Iowa Bloomington Ill. and Oklahoma City tire plants on or before September 15. A Firestone spokesman said the cost of the closings will be covered by the 65 mln dlrs restructuring charge the company took in the fou...
FIRESTONE <FIR> TO CLOSE THREE TIRE PLANTS
Shr 69 cts vs 64 cts Net 7046000 vs 6492000 Sales 85.7 mln vs 79.6 mln Six Mths Shr 1.28 dlrs vs 1.19 dlrs Net 13098000 vs 12006000 Sales 166.3 mln vs 153.3 mln NOTE: Periods end January 31 1987 and 1986 respectively. Reuter
WALLACE COMPUTER SERVICES INC <WCS> 2ND QTR NET
Shr 57 cts vs 27 cts Net 1002000 vs 470000 Sales 15.9 mln vs 12.0 mln Note: 4th qtr data not available Reuter
AMERICAN VANGUARD CORP <AMGD> YEAR NET
The International Finance Corp is privately placing a 50 mln dlr bond due April 7 1997 carrying a 7-5/8 pct coupon and priced at 99-3/4 pct Bank of Tokyo International Ltd said as sole lead manager for the issue. The bond is available in denominations of 25000 dlrs and will be listed in Luxembourg. REUTER
INTL FINANCE CORP IN 50 MLN DLR PRIVATE PLACEMENT
Oper shr one ct vs three cts Oper net 99000 vs 327000 Revs 12.1 mln vs 8800000 Avg shrs 15.5 mln vs 11.3 mln Year Oper shr six cts vs 11 cts Oper net 841000 vs 956000 Revs 44.1 mln vs 34.4 mln Avg shrs 15.3 mln vs 8519677 NOTE: Net excludes tax credits of 299000 dlrs vs 2900000 dlrs in quarter and 809000 dlrs vs 71000 ...
NORTH AMERICAN BIOLOGICALS INC <NBIO> 4TH QTR
Shr profit 27 cts vs profit 51 cts Net profit 6600000 vs profit 12231000 Revs 211.7 mln vs 193.4 mln 12 mths Shr loss 17 cts vs profit 1.27 dlrs Net loss 4077000 vs profit 30142000 Revs 753.5 mln vs 673.4 mln NOTE: in qtr ended 1986 the company recognized expenses of 5948000 for restructing the combined operations of B...
OMNICOM GROUP INC <OMCM> 4TH QTR NET
American Motors Corp said its February U.S. car production declined to 2978 units from 3808 a year ago. AMC said its U.S. jeep production rose to 18651 from 16673 last year. Year-to-date AMC said its car output declined to 66069 from 6631 and jeep production declined to 37207 from 40586 in the comparable 1986 period. R...
AMC <AMO> FEBRUARY CAR OUTPUT DECLINES
Venezuela will limit new loans to 50 pct of the interest and principal it repays on its 31 billion dlr foreign debt President Jaime Lusinchi told political leaders. Speaking last night at a new session of congress he said last weeks agreement to reschedule 21 billion dlrs in public sector foreign debt at lower interest...
VENEZUELA PLANS NEW BORROWING WITH LIMITS
Deutsche Bank Finance NV Curacao is issuing a 75 mln stg eurobond due April 2 1997 paying 9-7/8 pct and priced at 101-3/4 pct joint-lead manager Kleinwort Benson Ltd said. Deutsche Bank Capital Markets is the other joint-lead manager. The issue is guaranteed by Deutsche Bank AG and is callable at 100-3/8 pct after seve...
DEUTSCHE BANK UNIT ISSUES 75 MLN STG EUROBOND
Shareholders in Banque Bruxelles Lambert &lt;BBLB.B> BBL authorised the bank to increase capital by five billion francs to 20 billion in the next five years a bank spokesman said. BBL Belgiums second largest commercial bank had failed to win shareholder approval for the move last month because of a lack of quorum. No q...
BBL SHAREHOLDERS AUTHORISE CAPITAL RAISE
&#2; CORRECTION - ASHTON-TATE ITEM In Torrance Calif. item ASHTON-TATE &lt;TATE> 4TH QTR NET please read 1986 quarter average shares as 24.7 mln not 200.7 mln. Reuter &#3;
Anitec Image Technology Inc said it filed a registration statement with the Securities and Exchange Commission for a proposed offering of 60 mln dlrs in convertible subordinated debentures. Anitec said the proceeds will be used for acquisitions joint ventures and other investments. Anitec said the offering is being und...
ANITEC IMAGE <ANTC> FILES FOR DEBT OFFERING
American Motors Corp said its February U.S. car production declined to 2978 units from 3808 a year ago. AMC said its U.S. jeep production rose to 18651 from 16673 last year. Reuter
AMC FEBRUARY CAR OUTPUT DECLINES
Savin Corp said it has reached an agreement for Sun Chemical Corp to study the potential of Savin infrared technology for possible use in classified U.S. military applications. It said a royalty-bearing license could result. Reuter
SAVIN <SVB> IN PACT WITH SUN CHEMICAL <SNLA>
Chiles consumer price index rose 1.7 pct in February to 562.01 (December 1978 equals 100) after increases of 2.0 pct in January and 0.9 pct in February 1986 the governments National Statistics Institute said. Inflation as measured by the index rose to 17.5 pct over the 12 months to the end of February compared with 16....
CHILEAN CONSUMER PRICES RISE 1.7 PCT IN FEBRUARY
Major copper producing and consuming countries are considering a U.S. proposal to set up a study group to review the world copper market delegates said. The U.S. initiative was introduced last December at a meeting held here under the auspices of the United Nations Conference on Trade and Development (UNCTAD). The U.S....
COPPER STUDY GROUP CONSIDERED AT GENEVA MEETING
Cray Research Inc said it installed a Cray X-MP/14 supercomputer valued at eight mln dlrs at Grumman Corps Grumman Aerospace Corp. Cray said the system which includes a 550 solid state storage device was installed in the first quarter at Grummans scientific computer facility in Bethpage N.Y. The system replaces a Cray-...
CRAY <CYR> INSTALLS COMPUTER FOR GRUMMAN <GQ>
Reserve Oil and Minerals Corp said its shareholders approved changing the name of the company to Reserve Industries Corp. The company said it has contracted to purchase process and recycle various waste materials generated at the Ogden Utah zirconium plant of Westinghouse Electric Corps &lt;WX> Western Zieconium subsid...
RESERVE OIL <ROIL> HOLDERS APPROVE NAME CHANGE
Japan bought 5000 tonnes of Canadian rapeseed overnight at an undisclosed price for April shipment trade sources said. Reuter
JAPAN BUYS 5,000 TONNES CANADIAN RAPESEED
&lt;Royal Bank of Canada> said it estimates 1987 loan losses at one billion dlrs a 25 mln dlr increase over last year. Royal Bank said it set its provisions given the continued debt-servicing problems ... in the North American energy industry and the uncertain outlook for energy prices and also continued to add to its ...
ROYAL BANK/CANADA SEES HIGHER 1987 LOAN LOSSES
Panteras Corp said it agreed in principle to acquire Pizza Inn Inc in a cash and stock transaction. Under terms of the proposed transaction each Pizza Inn share can be exchanged for either three dlrs in cash plus the lesser of 1.4 shares of Panteras common stock or 11.50 dlrs market value of Panteras stock or four dlrs...
PANTERA <PANT> AND PIZZA <PZA> AGREE TO MERGE
The Swiss Federal Governments new series of six-month money market certificates raised 177.5 mln Swiss francs at an issue price of 98.401 pct to give an average annual yield of 3.286 pct the National Bank said. Payment date is March 5. The last series of six-month paper issued in January raised 159.6 mln francs at 98.3...
SWISS MONEY MARKET PAPER YIELDS 3.286 PCT
Shareholders in Banque Bruxelles Lambert &lt;BBLB.B> BBL authorised the bank to increase capital by five billion francs to 20 billion in the next five years a bank spokesman said. BBL Belgiums second largest commercial bank had failed to win shareholder approval for the move last month because of a lack of quorum. No q...
BBL SHAREHOLDERS AUTHORISE CAPITAL RAISE
Nigeria and Guinea agreed to set up a new company with Liberia to carry out the 14-year-old Mifergui-Nimba iron ore project an official communique said. The communique was issued after two days of talks here between Guinean natural resources minister Ousmane Sylla and Nigerian minister of mines and power Bunu Sheriff M...
NIGERIA, GUINEA SET UP IRON ORE FIRM WITH LIBERIA
Qtr ended Jan 31 Shr loss nine cts vs profit 13 cts Net loss 231256 vs profit 341730 Revs 2793677 vs 3676296 Reuter
DISTRIBUTED LOGIC CORP <DLOG> 1ST QTR LOSS
Canadian industrial production rose 2.53 pct in December after falling 0.51 pct in November Statistics Canada said. The federal agency said year-over-year production was off 0.65 pct in December compared with a decline of 1.65 pct in November. Reuter
CANADA INDUSTRIAL PRODUCTION UP 2.53 PCT
Lifetime Corp said it agreed to buy five mln shares or 16 pct of &lt;Nippon Lace Co Ltd> for 3.28 dlrs a share or 16.5 mln dlrs. It said it plans to enter the health care business in Japan. In addition it said &lt;Koba Electronics Co Ltd> an affiliate of Lifetime will buy four mln unissued shares or a 12 pct stake of N...
LIFETIME <LFT> TO BUY SHARES OF NIPPON LACE
Oper shr 26 cts vs 18 cts Oper net 2877000 vs 1363000 Revs 44.3 mln vs 40.8 mln Avg shrs 10.9 mln vs 10.5 mln NOTE: prior qtr excludes loss 475000 or five cts per share for discontinued operations for the sale of subsidiaries Intermedics Intraocular Inc Electronics Inc and Intermedics Infusaid Inc. Excludes 1987 qtr 16...
INTERMEDICS INC <ITM> 1ST QTR NET
Modular Technology Inc said its board of directors elected Frederick H. Goldberger a business consultant to be president of the company. Modular Technologys former president Harvey T. Lyon was named senior managing director and will continue on the board. Reuter
MODULAR TECHNOLOGY <MTIK> NAMES PRESIDENT
Canonie Environmental Services Corp said it signed a contract to design and build a ground water cleanup system for Purex Industries Inc to be installed at a Mitchel Field Transit Authority site in Nassau County N.Y. Canonie said the contract for work which will complete a project begun earlier at the site is worth sev...
CANONIE ENVIRONMENTAL <CANO> GETS CONTRACT
Victorian Public Authorities Finance Agency is issuing a 100 mln Canadian dlr bond due April 15 1992 paying 8-1/2 pct and priced at 100-5/8 pct lead manager Wood Gundy Ltd said. The non-callable bond is available in denominations of 1000 and 10000 Canadaian dlrs and will be listed in Luxembourg. It is guaranteed by the...
VICTORIA STATE BODY ISSUES CANADIAN DLR EUROBOND
BENEFICIAL CORP TO SELL INSURANCE UNIT, REMOVING COMPANY FROM INSURANCE BUSINESS
WALGREEN CO FEBRUARY SALES UP 18.8 PCT
LORAL CORP LOWERED BY STANDARD AND POOR'S, AFFECTS 640 MLN DLRS OF DEBT
FORD CANADA CUTS ANNUAL DIVIDEND BY SIX DLRS TO SIX DLRS CASH A SHARE
Electrospace Systems Inc said it was ordered by the U.S. Army to immediately proceed with the design and production of a computer-based control system for the armys tactical voice and data communications network in a contract potentially worth 101 mln dlrs. It said the order followed a favorable ruling by the General A...
ELECTROSPACE <ELE> GETS ARMY OK FOR CONTRACT
Qtrly 25 cts vs 16 cts Pay March 30 Record March 13 NOTE: Prior qtr is for two months operation October and November and represents a parital dividend. Reuter
PAINE WEBBER RESIDENTIAL REALTY INC <PWM> DIV
Qtlry div 24.5 cts vs 24.5 cts Pay April 6 Record March 16 Reuter
OMNICOM GROUP <OMCM> SETS REGULAR PAYOUT
Datacopy Corp said it has signed a joint marketing agreement for its Model 730 office image scanner with Xerox Corp. Under the pact Xerox sales force will reference-sell the scanner as its choice for desktop publishing applications. Datacopy will supply Xerox with technical support and respond to customer orders within...
DATACORPY <DCPY> IN PACT WITH XEROX <XRX>
ARGOSystems Inc said it won a 15-mln-dlr contract with the U.S. Government to deliver 25 digital signal processing systems with spares over the next three years. The company said it how has a record backlog of over 155 mln dlrs up 30 pct from a year ago. Reuter
ARGOSYSTEMS <ARGI> WINS GOVERNMENT CONTRACT
Knutson Mortgage Corp said it expects strong earnings performance for its initial fiscal second quarter earnings ending March 31 since going public in September 1986. Albert Holderson Knutson chairman said he expects earnings of about 40 cts per share for the quarter as a result of a strong mortgage business during the...
KNUTSON MORTGAGE <KNMC> SEES STRONG SECOND QTR
Denmarks net official reserves rose to 36.34 billion crowns in February from 28.00 billion in January against a revised 45.85 billion in February 1986 the central bank said in its monthly balance sheet report. Total net reserves including reserves held by commercial and major savings banks rose to 38.26 billion crowns ...
DANISH RESERVES RISE IN FEBRUARY
A World Bank team led by senior economist Katrine Saito arrived in Uganda for talks on an economic recovery program projected to cost one billion dlrs over three years. The four-member mission is expected to stay two to three weeks. An International Monetary Fund (IMF) team is due here over the same period a World Bank...
WORLD BANK TEAM ARRIVES IN UGANDA
Oper shr 26 cts vs 18 cts Oper net 2877000 vs 1838000 Revs 44.3 mln vs 40.8 mln NOTE: Current 1st qtr oper net excludes operating loss carryforward of 1694000 or 16 cts per share. 1986 1st qtr oper net excludes loss carryforward of 78000 dlrs or one ct per share and loss from discontinued operations of 475000 dlrs. Reu...
INTERMEDICS INC <ITM> 1ST QTR FEB ONE NET
Shr nine cts vs one ct Net 247489 vs 27301 Sales 1933107 vs 796613 Six mths Shr 21 cts vs five cts Net 565106 vs 121997 Sales 3781970 vs 1778110 Reuter
CARME INC <CAME> 2ND QTR JAN 31 NET
Shr 42 cts vs 76 cts Net 2.3 mln vs 3.3 mln Revs 72.3 mln vs 59.8 mln Year Shr 1.48 dlrs vs 2.59 dlrs Net 7.6 mln vs 11.1 mln Revs 261.7 mln vs 224.7 mln NOTE: 1985 net includes extraordinary gain of 1.5 mln dlrs or 35 cts per share in 4th qtr and 5.1 mln or 1.19 dlrs for the year. Reuter
WILLCOX AND GIBBS INC <WG> 4TH QTR NET
Walgreen Co said its sales in February rose 18.8 pct over sales during the same month last year. Walgreen said it sold 328.5 mln dlrs worth of goods in February up from 276.5 mln in February 1986. This years February figures include sales from 65 Medi Mart drugstores acquired last June by the company. At February 28 Wa...
WALGREEN <WAG> FEBRUARY SALES RISE
Italian government has resigned, officials announced
Shr profit 27 cts vs profit 51 cts Net profit 6600000 vs profit 12.2 mln Revs 211.7 mln vs 193.4 mln Qtly div 24.5 cts vs 24.5 cts Avg shrs 24.2 mln vs 23.8 mln Year Shr loss 17 cts vs profit 1.27 dlrs Net loss 4077000 vs profit 30.1 mln Revs 753.5 mln vs 673.4 mln Avg shrs 24.4 mln vs 23.7 mln NOTE: Qtly div payable A...
OMNICOM GROUP INC <OMCM> 4TH QTR NET
Annual div six dlrs vs 12 dlrs prior Pay March 19 Record March 13 Note: 1986 payout includes two dlrs a share extra dividend 1985 payout includes four dlrs a share extra dividend Reuter
FORD MOTOR CO OF CANADA LTD<FC> CUTS ANNUAL DIV
Italian Prime Minister Bettino Craxi and his five-party coalition government have resigned officials said. A statement from the Quirinal presidential palace said head of state Francesco Cossiga had reserved his decision on whether to accept the resignation normal procedure when a government stands down. The statement s...
ITALIAN GOVERNMENT RESIGNS
Total copper stocks held by U.S. rod mills and refiners (including wirebars cathodes scrap rod and in-process material) dropped to 155467000 lbs at the end of January from 203513000 lbs at the end of December the American Bureau of Metal Statistics said. Rod stocks held by refiners and rod mills decreased to 61384000 l...
TOTAL U.S. COPPER STOCKS LOWER IN JANUARY
One offer but no bid was posted for SRW wheat on the call session at the St Louis Merchants Exchange today. There were no bids or offers for milo. June 15-July 15 bill of lading for wheat was offered at 17 over July no comparison no bid. Reuter
ONE OFFER FOR SRW WHEAT ON CALL SESSION, NO MILO
Standard and Poors Corp said it lowered the ratings on Loral Corps subordinated debt to BBB from A-minus. The issue is removed from creditwatch where it was placed with negative implications in January after Loral said it planned to acquire Goodyear Aerospace Corp for 640 mln dlrs. S/P said the acquisition enhances Lor...
LORAL <LOR> DEBT LOWERED BY S/P
Standard and Poors Corp said it placed the subordinated debt of Guarantee Savings and Loan Association the principle unit of Guarantee Financial Corp on creditwatch with positive implications. About 57 mln dlrs of debt is affected. S/P said the move follows Gurantees definitive agreement to be acquired by Glendale Fede...
GUARANTEE <GFCC> UNIT'S DEBT ON S/P WATCH
Shr 10 cts vs 13 cts Net 1553000 vs 1541000 Revs 73.1 mln vs 32.1 mln Avg shrs 15474000 vs 12316000 Year Shr 47 cts vs 24 cts Net 7241000 vs 2835000 Revs 216.2 mln vs 101.2 mln Avg shrs 15492000 vs 11921000 Note: Net income includes extraordinary profit from recognition of tax loss carryforward of 920000 dlrs or six ct...
UNITED HEALTHCARE CORP <UNIH> 4TH QTR NET
General Automation Inc said it has arranged a ten-mln-dlr leasing facility with Wells Fargo and Cos &lt;WFC> Wells Fargo Leasing Corp. The program is a one-year facility that will allow financing for ZEBRA computers other General Automation systems and applications sofware the company said. Reuter
GENERAL AUTOMATION <GENA> SETS LEASING PACT
The London Stock Exchanges traded options market plans volume growth of at least 80 pct a year and will more than double the range of options available by the end of 1988 options committee chairman Geoffrey Chamberlain said. He told a news conference that more options contracts were traded in 1986 than in the previous ...
LONDON OPTIONS MARKET SEES CONTINUED HIGH GROWTH
Shr profit 78 cts vs loss 1.05 dlrs Net profit 2336000 vs loss 3002000 Revs 26.0 mln vs 26.7 mln Year Shr profit 1.59 dlrs vs loss 6.35 dlrs Net profit 4688000 vs loss 18.2 mln Revs 113.5 mln vs 112.4 mln NOTE: 1986 4th qtr and yr includes loss carryfoward of 534000 dlrs and 1662000 dlrs respectively. Reuter
RAYTECH CORP <RAY> 4TH QTR DEC 28 NET
Net loss 92623 vs profit 11209 Sales 93483 vs 189388 Note: per share data not available as company went public in January 1987. Reuter
DATAMAG INC <DMAG> 1ST QTR DEC 31 LOSS
&lt;Royal Bank of Canada> in reporting a 19 pct drop in first quarter earnings said it expects to report improved results in future earnings periods. Healthy consumer credit growth record fee-based income highly profitable securities and foreign exchange trading and a solid capital position...combined with the restrain...
ROYAL BANK SEES IMPROVED RESULTS
The World Bank is launching a 300 mln markka seven-year straight issue due March 11 1994 with a coupon of 10 pct payable semi-annually and an issue price of 101-1/8 lead manager Postipankki said. It said fees totalled 1-3/4 pct of which 1-3/8 pct for selling and 3/8 pct for managment and underwriting combined including...
WORLD BANK LAUNCHES 300 MLN MARKKA BOND ISSUE
Sun Microsystems Inc said it has agreed to cooperate with Philips Corporate Group Home Interactive Systems a Dutch electronics firm to develop a multi-media authoring computer system. The system will be based upon the integration of Sun workstation and Compact Disc Interactive technologies the company said. The authori...
SUN MICROSYSTEMS <SUNW> SETS PACT WITH PHILIPS
Steelhead Resources Ltd said it has leased some feldspar deposits and will begin feldspar mining operations near Wickenburg Arizona. The company said the deposits contain in excess of 500000 tons of feldspar. Reuter
STEELHEAD RESOURCES <SHZ> LEASES FELDSPAR MINE
Belgian Foreign Trade Minister Herman De Croo said if Congress passed legislation curbing world textile imports the only way the European Community (EC) could react was to retaliate. De Croo said at a news conference if you limit textile imports you will re-orient textiles to Europe. And that he said would trigger EC t...
BELGIAN SAYS EC WOULD REACT TO TEXTILE BILL
Oper shr 25 cts vs 1.21 dlrs Oper net 1366000 vs 6287000 Revs 251.3 mln vs 107.1 mln Year Oper shr 1.10 dlrs vs 1.06 dlrs Oper net 5552000 vs 4982000 Revs 827.5 mln vs 434.4 mln NOTE: Oper net excludes results of Kay Jewelers Inc a former subsidiary. On Dec 31 1986 company distributed remaining 80.4 pct interest in sub...
KAY CORP <KAY> 4TH QTR NET
ROSTENKOWSKI SAYS HE WILL OPPOSE PROTECTIONIST TRADE BILL IN U.S. HOUSE
Oper shr loss four cts vs loss 33 cts Oper net loss 154000 vs loss 1301000 Sales 30.0 mln vs 27.0 mln Year Oper shr profit 60 cts vs loss 16 cts Oper net profit 2364000 vs loss 608000 Sales 113.5 mln vs 132.8 mln NOTE: Net excludes extraordinary charges from provision for roofing products warranties and costs from sale...
PANTASOTE INC <PNT> 4TH QTR LOSS