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Tenneco Inc said it will redeem on April eight all 2515400 outstanding shares of its 11 dlr cumulative preferred stock. The company said it would pay 102 dlrs a share for the preferred stock plus accrued and unpaid dividends of 24 cts a share. Tenneco said it will pay the regular quarterly dividend on the preferred on ... | TENNECO <TGT> TO REDEEM PREFERRED STOCK |
Borden Inc called for redemption on March 23 of all its outstanding 8-1/2 pct sinking fund debentures due 2004. The company said the redemption price is at 104.55 pct of face value plus 40.61 dlrs accrued interest from October 1 1986 to the redemption date making for a total of 1086.11 dlrs for each 1000 dlrs face valu... | BORDEN INC <BN> TO REDEEM 8-1/2 PCT DEBENTURES |
Pennwalt Corp said it offered one mln shares of common stock at 63.25 dlrs a share. Pennwalt said it plans to use the net proceeds of the public offering which is managed by Goldman Sachs and Co to buy all the outstanding shares of its Third Series cumulative convertible preferred stock for about 140 mln dlrs. Goldman ... | PENNWALT <PSM> OFFERS ONE MLN SHARES |
Shr four cts vs three cts Net 4505000 vs 4493000 Revs 23.3 mln vs 21.4 mln Reuter | <DEXLEIGH CORP> SIX MTHS DEC 31 NET |
Chicago Board of trade grain traders and analysts voiced a lot of interest in how farmers planned to handle their upcoming spring plantings prompting sales of new crop months of corn and oats and purchases in new crop soybeans in the futures markets. Professionals in the grains trade think that farmers will be more wil... | CBT TRADERS LOOK AHEAD TO SPRING PLANTINGS |
The Senate Agriculture Committee is expected to take up a bill tomorrow that would exempt from government conservation regulations those farmers who have rotated alfalfa and other multiyear grasses and legumes with row crops committee staff said. Under current so-called sodbuster law farmers who planted alfalfa and oth... | U.S. CONGRESS TO LOOK AT SOIL PROGRAM EXEMPTIONS |
The National Pork Board on Monday allocated 2.4 mln dlrs in discretionary funds collected from the 100 pct national checkoff program to three industry organizations. The National Pork Producers Council NPPC will receive almost 1.8 mln dlrs for use in the areas of food service consumer education and marketing. In additi... | NATIONAL PORK BOARD ALLOCATES 2.4 MLN DLRS |
Wall Street analysts said a share repurchase program announced by General Motors Corp is in part an attempt to placate shareholders angry over the recent repurchase of shares from Texan H. Ross Perot last year. He (Perot) was obviously the big trigger said analyst Joseph Phillippi of E.F. Hutton Co. There was a firesto... | GM <GM> BUYBACK SEEN CALMING SHAREHOLDERS |
GTX Corp said Nippon Steel Co of Japan in a move to diversify into high technology invested eight mln dlrs in GTX. Nippons move was the result of current exchange rates and the revaluation of the yen which have made the U.S. electronics industry an attractive investment opportunity for Japanese corporations according t... | NIPPON STEEL INVESTS 8 MLN DLRS IN GTX CORP |
Iraq said its troops repelled an overnight Iranian attack east of the southern port city of Basra scene of several Iranian Gulf war thrusts in the past two months. A high command communique said the attackers were met by heavy barrages of artillery tank and mortar fire with the support of helicopter gunship raids. Iran... | IRAQ REPORTS IRAN ATTACK REPULSED EAST OF BASRA |
FBI DIRECTOR WILLIAM WEBSTER NOMINATED TO HEAD CIA, WHITE HOUSE ANNOUNCES | |
C.T.C. Dealer Holdings Ltd said it extended its previously announced offer for 49 pct of <Canadian Tire Corp Ltd> to midnight on March 26. CTC a group of Canadian Tire dealers which already owns 17 pct of Canadian Tire is currently appealing in an Ontario court against a previously announced Ontario Securities Commi... | C.T.C. DEALER EXTENDS BID FOR CANADIAN TIRE |
President Reagan nominated Federal Bureau of Investigation Director William Webster to be director of the Central Intelligence Agency (CIA) in succession to ailing William Casey. The announcement came one day after Reagan withdrew the nomination of Deputy CIA Dirctor Robert Gates who faced opposition in the Senate beca... | REAGAN NOMINATES FBI DIRECTOR TO HEAD CIA |
Rockwell International Corp continues to expect significant improvement in 1987 results despite the somewhate disappointing performance of one of its business segments President Donald Beall told Reuters. Rockwell reported net earnings in its first quarter ended December 31 of 149.4 mln dlrs or 1.05 dlrs per share comp... | ROCKWELL <ROK> SEES IMPROVEMENT IN 1987 |
Intermark Inc said it plans to offer 40 mln dlrs in new debt to finance the repurchase of high-interest notes and that it agreed to sell two units. The company said it filed a registration statement with the Securities and Exchange Commission to sell 40 mln dlrs of convertible suborindated debentures due 2007. It said ... | INTERMARK <IMI> PLANS REFINANCING |
President Reagan seeking to salvage his Central America policy from the Iran arms scandal said a major U.S. economic program for the region was working but needed 500 mln dlrs more than originally planned. In a report to Congress he called for immediate approval of 300 mln dlrs in new 1987 economic aid for four Central... | REAGAN SEEKS MORE AID FOR CENTRAL AMERICA |
General Electric Co is raising 250 mln dlrs via an offering of notes due 1992 with a seven pct coupon and par pricing said lead manager Kidder Peabody and Co Inc. That is 30 basis points more than the yield of comparable Treasury securities. Non-callable for life the issue is rated a top-flight AAA by Moodys and Standa... | GENERAL ELECTRIC <GE> SELLS NOTES AT SEVEN PCT |
Memory Metals Inc said it received a contract from the National Aeronautics and Space Administration to research and develop joints and couplings using special alloys. The company said the two-year contract worth 500000 dlrs calls for Memory to study the joints and couplings for advanced composite materials which are s... | MEMORY METALS INC <MRMT> GETS NASA CONTRACT |
Home and City Savings Bank said its board has approved formation of a holding company called Home and City Bancorp Inc subject to approval by shareholders at a special meeting expected to be held around June and to regulatory approvals. The company said shareholders will be ased to exchange their Home and City Savings ... | HOME AND CITY <HCSB> TO FORM HOLDING COMPANY |
Qtly div 1-1/2 cts vs 1-1/2 cts prior Pay March 31 Record March 13 Reuter | MICKELBERRY CORP <MBC> SETS QTLY PAYOUT |
The International Swap Dealers Association has developed the first standard form contract for use by arrangers of currency and interest rate swap transactions said Thomas Jasper the Associations co-chairman. The contract unveiled at a press conference is expected to make the 300 billion dlr a year swap market more effi... | SWAP DEALERS UNVEIL STANDARD CONTRACT |
Compugraphic Corp said it entered into an exclusive distribution and technology exchange pact with <Autographix Inc>. Compugraphic said the pact calls for it to distribute Autographix products to corporate and government markets in North America. It said Autographix will continue to sell its products to the commeric... | COMPUGRAPHIC CORP <CPU> IN JOINT VENTURE |
USAir Group Inc said its February load factor rose to 62.2 pct from 56.9 pct a year ago. Revenue passenger miles grew 24.1 pct in February to 923.2 mln from 743.8 mln and 18.5 pct year to date to 1.80 billion from 1.52 billion the company said. Available seat miles rose 13.5 pct in February to 1.48 billion from 1.31 bi... | USAIR <U> FEBRUARY LOAD FACTOR RISES |
The Hokkaido Bank Ltd is issuing a 30 mln dlr convertible eurobond due March 31 2002 with an indicated 2-1/4 pct coupon and priced at par lead manager Nomura International Ltd said. Terms will be fixed on March 10 involving a premium of about five pct above a six-day average. The conversion period will run from April 2... | HOKKAIDO BANK ISSUES 30 MLN DLR CONVERTIBLE BOND |
Metropolitan Federal Savings and Loan Association said it has signed a letter of intent to acquire American Trust of Hendersonville Tenn. for an undisclosed amount of cash. American Trust had year-end assets of over 40 mln dlrs. Reuter | METROPOLITAN FEDERAL <MFTN> TO MAKE ACQUISITION |
Micom Systems Inc said it has doubled the data transmission range and speed of its Instalink460 voice/data multiplexor. The company said the unit now transmits data up to 23000 feet at up to 19200 bits per second and provides synchronous or asynchronous transmission in a single unit. Prices for terminal units begin at ... | MICOM SYSTEMS <MICS> ENHANCES MULTIPLEXOR |
General Motors Corp said its Pontiac Division has established an interest rate support incentive program effective immediately as an alternative to its current option bonus program. The company said qualified buyers of Pontiacs may now select special finance rates of 3.9 pct on 24-month contracts 7.9 pct on 36-month co... | GM'S <GM> PONTIAC HAS INTEREST RATE INCENTIVES |
Shr not given Oper loss 5900000 vs profit 9300000 Revs 105.3 mln vs 131.2 mln Year Shr not given Oper loss 21.7 mln vs profit 34.7 mln Revs 370.7 mln vs 515.1 mln Note: 67 pct owned by <British Columbia Resources Investment Corp> Note continued: 1986 qtr excludes extraordinary loss of 3.6 mln dlrs versus loss of 294... | <WESTAR MINING LTD> 4TH QTR LOSS |
Dow Chemical Co said it has agreed in principle to sell its industrial chemicals and plastics business interests in South Africa and related assets to a group of South African investors for undisclosed terms completing the sale of the companys South African assets Dow said it will continue to support its educational an... | DOW CHEMICAL <DOW> TO SELL SOUTH AFRICAN UNIT |
Great Britains Austin Rover Group reported the sale of 1043 Sterling automobiles during the second half of February the first month in which the European luxury car was on sale. The company said the Sterling 825S sells for 19000 dlrs and the Sterling 825SL sells for 23900 dlrs and are aimed at the European luxury sedan... | <AUSTIN ROVER GROUP> REPORTS SALES ON STERLINGS |
Pitney Bowes Credit Corp a unit of Pitney Bowes Inc is raising 100 mln dlrs through an offering of notes due 1992 with a 7-1/4 pct coupon and par pricing said lead manager Goldman Sachs and Co. That is 53 basis points more than the yield of comparable Treasury securities. Non-callable to maturity the issue is rated A-1... | PITNEY BOWES <PBI> UNIT SELLS FIVE-YEAR NOTES |
SysteMed Inc said it has sold a Pharmacy Module to 998-bed Memorial Medical Center of Long Beach Calif. Pharmacy Module is a computerized drug information system. Value was not disclosed. Reuter | SYSTEMED <SYMD> INSTALLS PHARMACY SYSTEM |
Shr loss 6.97 dlrs vs profit 92 cts Net loss 240 mln vs profit 31.6 mln Revs 1.9 billion vs 2.5 billion NOTE: 1986 includes loss of 250 mln dlrs or 7.27 dlrs a share from discontinued operations and writedowns of holdings in Texasgulf Inc. 1985 restated. Reuter | WILLIAMS COS <WMB> YEAR LOSS |
Geonex Corp <GEOX> said BellSouth Corp <BLS> unit Southern Bell Telephone and Telegraph Cos decision to postpone the start up of new conversion assignments at Geonexs Chicago Aerial Survey unit could negatively affect its fiscal 1987 revenues. The company said it had expected higher revenues from the records conv... | GEONEX SEES SALES HURT BY PRODUCTION SHIFT |
NWA INC 4TH QTR SHR PROFIT 45 CTS VS LOSS NINE CTS | |
UK INTERVENTION BD SAYS EC SOLD 60,500 TONNES WHITE SUGAR AT REBATE 43.147 ECUS. | |
AMERICAN MOTORS AGREES TO RESUME WISCONSIN LABOR TALKS | |
Shr loss 2.03 dlrs vs loss 85 cts Net loss 10742113 vs loss 3700712 Revs 8027065 vs 8689008 Avg shrs 5.3 mln vs 4.4 mln Year Shr loss 2.45 dlrs vs loss 1.73 dlrs Net loss 11607104 vs loss 7442825 Revs 32.6 mln vs 33.2 mln Avg shrs 4.7 mln vs 4.3 mln NOTE: 1986 net loss includes a fourth quarter charge of 10.5 mln dlrs ... | (CRIME CONTROL INC) 4TH QTR NET LOSS |
European Community Farm Commissioner Frans Andriessen welcomed the agreement on details of dairy output cuts over two years and promised new measures to help farmers hurt by the drive to reduce EC surpluses. We are now in a favourable position to improve the situation in the dairy sector he told a news conference. The ... | ANDRIESSEN HAILS EC MILK PACT, PROMISES FARM AID |
A total 60500 tonnes of current series white sugar received export rebates of a maximum 43.147 European Currency Units (Ecus) per 100 kilos at todays European Community (EC) tender the U.K. Intervention Board said. Out of this traders in the U.K. Received 43500 tonnes in the Netherlands 12000 in Denmark 4000 and in Wes... | U.K. INTERVENTION BOARD DETAILS EC SUGAR SALES |
Iran announced it had launched a new offensive against Iraq in the north-west area of the Gulf war front. Tehran radio monitored by the British Broadcasting Corporation said the attack was launched last night in the Haj Omran area of northern Iraq. It had already achieved considerable victories the radio said. REUTER | IRAN ANNOUNCES NEW OFFENSIVE IN GULF WAR |
Singapore Finance Minister Richard Hu in his budge speech introduced a tax package he said aims at consolidating economic recovery. He imposed higher taxes on tobacco and liquor but introduced tax incentives to promote population growth and offshore services. In order to further accelerate development of the capital ma... | SINGAPORE TAX PACKAGE INTRODUCED TO AID ECONOMY |
The Italian treasury said it will issue 3000 billion lire of a new type of indexed government paper discount certificates (CTS) on March 18. Treasury Minister Giovanni Goria said at a news conference the new certificates will be heavily discounted and aimed at small investors rather than institutions. The Treasury said... | ITALIAN TREASURY TO ISSUE NEW CERTIFICATES |
Shin-Etsu Chemical Co Ltd said it had developed an ultra thermal resistance rubber which can be used at 250 centigrade continuously without losing its properties. Shin-Etsu put potential demand for the product at two tonnes a month mainly for microwave ovens and as a sealant. But increasing use of the product in parts ... | JAPAN FIRM DEVELOPS ULTRA HEAT-RESISTING RUBBER |
Shr loss 76 cts vs loss 21 cts Net loss 31.9 mln vs loss 3288000 Revs 380.2 mln vs 311.5 mln Avg shrs 47.1 mln vs 41.2 mln Year Shr profit 56 cts vs profit 56 cts Net profit 43925000 vs profit 46433000 Rev 1.74 billion vs 1.60 billion Avg shares 43602000 vs 41014000 NOTE: Fourth quarter includes after tax loss from dis... | CASTLE AND COOKE INC <CKE> 4TH QTR LOSS |
Shr loss 21 cts vs loss 14 cts Net loss 838069 vs loss 433875 Revs 1080068 vs 1793398 Avg shrs 4004826 vs 3172537 12 mths Shr loss 39 cts vs 11 cts Net loss 1387500 vs loss 334463 Revs 6456882 vs 5605680 Avg shrs 3542217 vs 3071456 Reuter | VOICEMAIL INTERNATIONAL INC 4TH QTR LOSS |
Jacobs Engineering group Inc said its shareholders approved reincorporation of the company in Delaware and certain indemnification agreements with officers and directors of the company. Jacobs is incorporated in California. Reuter | JACOBS ENGINEERING <JEC> TO REINCORPORATE |
Rhodes Inc said its February 1987 sales were 16775000 dlrs a 12.2 pct increase over Feb 1986 sales of 14954000 dlrs. Reuter | RHODES <RHD> FEBRUARY 1987 SALES INCREASE |
Oper shr loss 22 cts vs loss 13 cts Oper net loss 1712916 vs loss 769539 Revs 2292972 vs 2157895 Avg shrs 7961602 vs 6200293 Year Oper shr loss 53 cts vs loss 45 cts Oper net loss 3562151 vs 2543366 Revs 9117311 vs 8251136 Avg shrs 7169871 vs 618651 NOTE: Current year net both periods excludes charge 430649 dlrs from c... | MOLECULAR GENETICS INC <MOGN> 4TH QTR LOSS |
Lead underwriters Morgan Stanley Group Inc <MS> and Robertson Colman and Stephens said an offering of 4400000 shares of Cypress Semiconductor Corp is underway at 11.75 dlrs per share. Underwriters have been granted an option to buy up to 660000 more shares to cover overallotments. The company is selling 3080000 shar... | CYPRESS SEMICONDUCTOR <CYPR> SHARES OFFERED |
Par Pharmaceutical Inc said it has been cleared by New York Stock Exchange authorities to apply for NYSE listing and expected to be listed by April or May. The companys stock is now traded on the NASDAQ system. Reuter | PAR PHARMACEUTICAL <PARP> SEEKS NYSE LISTING |
Shr five cts vs 29 cts Net 92641 vs 466668 Sales 4448011 vs 4122301 Year Shr 34 cts vs 1.16 dlrs Net 553310 vs 1864417 Sales 16.3 mln vs 16.7 mln Reuter | MERRIMAC INDUSTRIES INC <MMAC> 4TH QTR NET |
Greece aims to reduce foreign borrowing to 1.6 or 1.7 billion dlrs this year from 2.6 billion in 1986 and will use some of the funds to make early debt servicing payments the Governor of the Bank of Greece Dimitris Halikias said. He told reporters this years borrowing forecast exceeded immediate needs but Greece wanted... | GREECE PLANS TO REDUCE 1987 FOREIGN BORROWING |
U.S. JAN FACTORY ORDERS FELL 4.0 PCT, EXCLUDING DEFENCE ORDERS FELL 5.2 PCT | |
American Motors Corp said it is willing to resume negotiations with the United Auto Workers as requested by Wisconsin Governor Tommy Thompson. Negotiations began on January 21 on a contract for American Motors to build its new ZJ sports Jeep and to assemble Chrysler Corps <C> Omni and Horizon cars at its Wisconsin p... | AMERICAN MOTORS <AMO> TO RESUME LABOR TALKS |
<British Columbia Resources Investment Corp> earlier reporting higher full year operating losses said it reached agreement in principle with five lenders providing for a 360 mln dlr credit facility over a four year term. The company said the credit facility is extendable under certain circumstances with annual princ... | B.C. RESOURCES HAS AGREEMENT ON CREDIT FACILITY |
The Bank of England said it had provided the money market with late assistance of around 85 mln stg. This brings the bank total help so far today to some 87 mln stg and compares with its latest forecast of a 250 mln stg shortage in the system today. REUTER | U.K. MONEY MARKET GIVEN 85 MLN STG LATE HELP |
NORTHROP CORP DEFENSE UNIT GETS 469.6 MLN DLRS AIR FORCE CONTRACT | |
New orders for manufactured goods fell 8.2 billion dlrs or 4.0 pct in January to a seasonally adjusted 194.5 billion dlrs the Commerce Department said. It was the largest one month decrease in orders since a 4.5 pct drop in May 1980 the department said. Excluding defense orders factory orders fell 5.2 pct in January af... | U.S. FACTORY ORDERS FELL 4.0 PCT IN JANUARY |
Shr 72 cts vs 58 cts Net 4791000 vs 3803000 Sales 83.0 mln vs 72.0 mln Avg shrs 6668309 vs 6545722 1st half Shr 88 cts vs 70 cts Net 5872000 vs 4614000 Sales 141.6 mln vs 121.8 mln Avg shrs 6669488 vs 6525051 Reuter | CML GROUP INC <CMLI> 2ND QTR JAN 31 NET |
Shr 30 cts vs 21 cts Net 3358000 vs 2276000 Sales 43.3 mln vs 33.5 mln 1st half Shr 60 cts vs 42 cts Net 6654000 vs 4638000 Sales 86.6 mln vs 66.4 mln NOTE: Share adjusted for three-for-two stock split in May 1986. Reuter | DRESS BARN INC <DBRN> 2ND QTR JAN 24 NET |
TANDY CORP FEBRUARY SALES UP 12 PCT | |
Occidental Petroleum Corp said the size of its underwritten offering of common stock was increased to 33 mln shares from the proposed 30 mln. The company said the offering is being made at 30.50 dlrs a share. It was underwritten by Drexel Burnham Lambert Inc Kidder Peabody and Co and Salomon Inc. Occidental will use th... | OCCIDENTAL <OXY> SELLS 33 MLN COMMON SHARES |
<Canadian Home Shopping Network Ltd> said sales of 1149339 dlrs from the first six weeks of operation by its cable television shop at home service were above the companys expectations by a significant margin. The company said it signed up 14619 members during the period and the average purchase per member in Februar... | CANADIAN HOME SHOPPING SALES ABOVE EXPECTATIONS |
Tenneco Inc said it will redeem all of its outstanding 11.00 dlr cumulative preference stock on April eight at 102.24 dlrs a share including accrued dividends. It said 2515400 shares of the stock will be redeemed. Reuter | TENNECO <TGT> TO REDEEM 11 DLR PREFERRED |
Williams Cos said a fourth quarter charge of 250 mln dlrs from discontinued operations and writedowns contributed to a 1986 net loss of 240 mln dlrs or 6.97 dlrs a share against earnings of 31.6 mln dlrs or 92 cts in 1985. The loss in the quarter was 232.3 mln dlrs or 6.75 dlrs against income of 10.7 mln dlrs or 31 cts... | WILLIAMS <WMB> HAS 4TH QTR CHARGE |
Shr 13 cts vs 37 cts Net 1300000 vs 3700000 Sales 189 mln vs 163 mln Reuter | PERRY DRUG STORES INC <PDS> 1ST QTR JAN 31 NET |
Vneshtorgbank the Soviet foreign trade bank is seeking a 200 mln dlr eight-year multi-currency syndicated loan First Chicago Ltd said as arranger and sole mandated bank. The loan will pay 1/8 point over London Interbank Offered Rates (LIBOR) throughout the whole of its life. It will be repayable in semi-annual instalme... | VNESHTORGBANK SEEKS 200 MLN DLR LOAN |
Shr profit 45 cts vs loss nine cts Net profit 9.8 mln vs loss two mln Revs 1.15 billion vs 631.2 mln Year Shr profit 3.26 dlrs vs profit 3.18 dlrs Net profit 76.9 mln vs profit 73.1 mln Revs 3.59 billion vs 2.66 billion Reuter | NWA INC <NWA> 4TH QTR NET |
Eastern Co said it purchased the tooling equipment and inventory used to produce the Corbin Cabinet Lock product line from Emhart Corp for undisclosed terms. Reuter | EASTERN <EML> ACQUIRES EMHART <EMH> PRODUCT LINE |
Qtly div 11 cts vs 11 cts prior Pay April 14 Record March 17 Reuter | CAMCO INC <CAM> SETS QUARTERLY |
Venezuela plans to have a public sector foreign debt of 26.5 billion dlrs by early 1989 when the present government of President Jaime Lusinchi ends its term public finances director Jorge Marcano said. He said the target which compares with around 24.5 billion dlrs now and 29 billion at end 1983 is considered a manage... | VENEZUELA SETS FOREIGN DEBT TARGETS |
Pope and Talbot Inc is raising 40 mln dlrs via an offering of convertible subordinated debentures due 2012 with a six pct coupon and par pricing said sole manager Bear Stearns and Co. The debentures are convertible into the companys common stock at 51.875 dlrs per share representing a premium of 25 pct over the stock p... | POPE AND TALBOT <POP> SELLS CONVERTIBLE DEBT |
DNC International Finance A/S is issuing a 19 billion yen zero coupon eurobond due March 17 1992 and priced at 80.9 pct lead manager Daiwa Europe Ltd said. The bond is guaranteed by Den norske Creditbank and is available in denominations of one mln yen. It will be listed in Luxembourg. Payment date is March 17. Fees co... | DNC UNIT ISSUES 19 BILLION ZERO COUPON YEN BOND |
Hamburgische Landesbank Girozentrale is issuing a 50 mln Australian dlr eurobond due April 2 1991 paying 15 pct and priced at 101-1/2 pct lead manager Orion Royal Bank Ltd said. The non-callable bond is available in denominations of 1000 and 10000 Australian dlrs and will be listed in Luxembourg. The selling concession... | HAMBURGISCHE L/B ISSUES AUSTRALIAN DLR EUROBOND |
West German engineering union IG Metall will hold nationwide warning strikes on March 9 to press demands for a 35-hour week and a five pct wage increase a union spokeswoman said. Further details of the time and place of the strikes will be given at a press conference on the same day she added. In mid-February IG Metall... | GERMAN ENGINEERS WILL HOLD WARNING STRIKES MARCH 9 |
Senate Banking Committee chairman William Proxmire called for curbs of hostile corporate takeovers and new restrictions on risk arbitrageurs. At the very least it is high time that we require all risk arbitrageurs to register seperately and specifically with the Securities and Exchange Commission and that we consider p... | SENATE'S PROXMIRE URGES CURBS ON TAKEOVERS |
Spain unveils a 105 billion peseta plan this month aimed at boosting exports to reach European Community levels director-general of the INFE export institute Apolonio Ruiz Ligero said. The target is to raise exports to 20 pct of Gross Domestic Product over the next four years compared to 15 pct now he said. This is the... | SPAIN TO LAUNCH EXPORT DRIVE |
Morgan Keegan Inc said an offering of one common of its common shares is underway at 15.25 dlrs per share through underwriters led by First Boston Inc <FBC> A.G. Edwards and Sons Inc <AGE> and its own Morgan Keegan and Co Inc subsidiary. Underwriters have been granted an option to buy up to 150000 more shares to ... | MORGAN KEEGAN <MOR> SHARE OFFER UNDERWAY |
French ski and tennis equipment maker <Skis Rossignol> said its 97.7-pct owned subsidiary <Skis Dynastar SA> agreed to buy Canadian ski stick and boot manufacturer <CFAS> from <Warrington Inc>. A Rossignol spokesman declined to give financial details but said turnover of CFAS was about 100 mln French francs... | ROSSIGNOL UNIT BUYS CANADIAN SKI BOOT MAKER |
Volkswagen U.S. Inc a subsidiary of Volkswagen AG <VOWG.F> said car sales for the February 21 to 28 period fell 42.5 pct to 1572 from 2734 cars in the same period last year. There were seven selling days in each period. For the month of February Volkswagen said sales were off 35.2 pct to 3808 from 5873 cars in the s... | VOLKSWAGEN LATE FEBRUARY U.S. SALES OFF 42.5 PCT |
The European Community is close to bankruptcy the ECs Executive Commission said in a report. In its bluntest ever warning about the state of EC finances it said The Community is at present faced with a budgetary situation which can only be characterised as being on the brink of bankruptcy. The report dated Saturday is ... | COMMISSION REPORT WARNS ON EC FINANCING |
Qtly div 62 cts vs 58 cts in the prior quarter Payable April 30 Record March 20 Reuter | USF AND G CORP <FG> RAISES QUARTERLY DIVIDEND |
Tandy Corp said February sales and operating revenues were up 12 pct to 244.4 mln dlrs from 218.1 mln dlrs a year before. It said sales and revenues of U.S. retail operations were up 15 pct to 210.7 mln dlrs from 183.6 mln dlrs a year before and sales of U.S. retail stores in existence for more than one year were up 13... | TANDY <TAN> FEBRUARY SALES UP 12 PCT |
Ohio Mattress Co said it filed with the Securities and Exchange Commission registration statements covering a 75 mln dlr issue of convertible subordinated debentures due 2012 and an offering of four mln shares of common stock. Proceeds will be used to reduce floating-rate bank debt incurred in connection with the acqui... | OHIO MATTRESS <OMT> TO SELL CONVERTIBLE DEBT |
Moodys Investors Service Inc said it upgraded to Aaa from Aa-1 the insurance rating of General Electric Mortgage Insurance Co of Ohio a unit of General Electric Co. Moodys said this reflected the strengthening of terms in a revised net worth agreement between GEMICO and its immediate parent General Electric Credit Corp... | MOODY'S UPGRADES GE <GE> MORTGAGE INSURANCE UNIT |
U.K. One billion stg nine pct bond issue due 2002 exhausted - dealers | |
BRNF Liquidating Trust said trustees declared a 13th liquidating dividend of 1.10 dlrs per unit payable April One to holders of record of its Series A B and C certificates on March 18. The trust had paid a 12th liquidating distribution on January 15 amounting to 1.750 dlrs on Series A 1.815 dlrs on Series B and 1.765 d... | <BRNF LIQUIDATING TRUST> SETS DISTRIBUTIONS |
EA Engineering Science and Technology Inc said it was awarded a four-year task order contract by the U.S. Airfaorce to provide technical services under its Installation Restoration Program. The company said the contract has a potential value of 9.5 mln dlrs. EA will assess the feasibility of cleaning up hazardous waste... | EA ENGINEERING <EACO> HAS AIR FORCE CONTRACT |
National HealthCorp LP said it has started adding 46 beds for its Greenwood Health Care Center in Greenwood S.C. and plans to add 10 beds to its Springfield Health Care Center in Springfield Tenn. The company said it has opened Colonial Hill Retirement Apartments adjacent to its Colonial Hill Health Care Center in John... | NATRIONAL HEALTHCORP <NHC> EXPANDING CENTERS |
Digital Equipment said it is taking several initiatives designed to make it easier and more cost effecive for customers to purchase and use its products and services. The company also said it is introducing three new mid-range VAX systems. Digital stated the moves further strengthened its leadership position in the com... | DIGITAL EQUIPMENT <DEC> SEEKS COST EFFECTIVENESS |
Shr 20 cts vs 15 cts Net 345970 vs 257252 Revs 14.0 mln vs 13.4 mln NOTE: Share adjusted for five pct stock dividend in December 1986. Reuter | STANLINE INC <STAN> 1ST QTR JAN 31 NET |
The Dow Chemical Co said its Engineering Thermoplastics Department will increase the selling prices of standard grades of MAGNUM ABS resins by three cts per pound. It also announced an increase of five cts per pound for performance grades of the resins. Both increases are effective April 1 1987. Reuter | DOW CHEMICAL CO <DOW> UNIT INCREASES PRICES |
Shr 12 cts vs eight cts Net 485866 vs 316193 Revs 1741508 vs 1440154 Year Shr 28 cts vs 20 cts Net 1108314 vs 778197 Revs 5073178 vs 3687160 Reuter | SWIFT ENERGY CO <SFY> 4TH QTR NET |
Northrop Corp said its defense systems division based here has been awarded production and development contracts totaling 469.6 mln dlrs to update the radar-jamming system on the U.S. Air Forces F-15 Eagle frontline tactical fighter. Work under a 333 mln dlrs production contract for a major system update of the AN/ALQ-... | NORTHROP <NOC> GETS 469.6 MLN DLRS CONTRACT |
Qtly div 20 cts vs 20 cts prior Pay April 10 Record March 20 Reuter | BROWNING-FERRIS INDUSTRIES INC <BFI> IN PAYOUT |
Buffton Corp said it completed the purchase of B and D Industruments Inc for two mln dlrs cash and 400000 shares of common stock. It said B and D is a private company headquartered in Kansas and had sales of 4700000 dlrs in 1986. Buffton said the company designs and manufactures aviation computer display systems and en... | BUFFTON CORP <BUFF> BUYS B AND D INSTRUMENTS |
und Westbank AG <VHBG.F> plans to streamline its branch network to improve its distribution of financial services management board member Eberhard-Rainer Luckey said. He told a news conference on 1986 results that branches in Hamburg and Schleswig-Holstein would be merged or closed a branch in Frankfurt opened and t... | VEREINS- UND WESTBANK TO REORGANIZE NETWORK |
Secretary of Commerce Malcolm Baldrige expressed concern about the continuing U.S. trade deficits with South Korea and Taiwan and said that without an adjustment in exchange rates there is little likelihood of improvement. Speaking to the Presidents Export Council an industry advisory group Baldrige said the trade defi... | BALDRIGE CONCERNED ABOUT KOREAN/TAIWAN DEFICITS |
Allwaste Inc said it has agreed in principle to acquire an air-moving and related industrial services company it did not identify for up to 1400000 dlrs in common stock. Reuter | ALLWASTE <ALWS> TO MAKE ACQUISITION |
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