text stringlengths 0 9.69k | target stringlengths 0 137 |
|---|---|
Qtly div four cts vs four cts prior Pay July 21 Record July 7 Reuter | GETTY PETROLEUM CORP <GTY> SETS QTLY DIV |
The Federal Reserve will enter the government securities market to supply reserves via either a large round of customer repurchase agreements or by overnight or possibly four-day system repurchases economists said. They said the Fed has a fairly large add need and is likely to face the most reserve dislocations early i... | FED EXPECTED TO ADD RESERVES |
Qtly div three cts vs three cts prior Pay July 31 Record July 15 Reuter | MET-COIL SYSTEMS CORP <METS.O> SETS REG DIV |
Sykes Datatronics Inc said it has agreed in principle for Marshall Associates and H and M resources Inc to each purchase up to one mln dlrs of its convertible debentures allowing Sykes to pay in full its debt to Chase Manhattan Corp <CMB> and Chemical New York Corp <CHL>. The company said at closing each investor... | SYKES DATATRONICS <SYKE.O> SELLS DEBENTURES |
Standard and Poors Corp said it cut to A-2 from A-1 the commercial paper of Tektronix Inc. S and P cited the managements plan to repurchase up to 380 mln dlrs of common equity. The plan will greatly reduce liquidity and raise debt to total capital by increasing Tektronixs sensitivity to industry volatility. Because wea... | TEKTRONIX <TEK> PAPER DOWNGRADED BY S/P |
Southland Corps subsidiary Citgo Petroleum said it raised its posted prices for crude oil across the board by 50 cts a barrel effective June 17. Citgo said its new posting for West Texas Intermediate and West Texas Sour is 19 dlrs a barrel. Light Louisiana Sweet is now posted at 19.35 the company said. Reuter | SOUTHLAND <SLC> UNIT RAISES CRUDE 50 CTS/BBL |
<Microelectronics and Computer Technology Corp> said its board approved a restructuring of its advanced computer architecture program. The private sector cooperative research venture which is owned by 20 U.S. companies said the restructuring is based on a study by its technical advisory board. The study occurred due... | MICROELECTRONICS TO RESTRUCTURE PROGRAM |
Hollinger Inc said it completed the previously reported acquisition of privately held Unimedia Inc the owner of three French language daily newspapers and four printing plants in Ontario and Quebec. The company which owns 58 pct of (Daily Telegraph Plc) said it named former Carling OKeefe Ltd chief executive Pierre Des... | HOLLINGER <HLG.TO> COMPLETES UNIMEDIA TAKEOVER |
West Germanys proposed tax reform should be brought forward to stimulate economic growth and head off U.S.-led pressure on Bonn to take further fiscal steps to help boost the world economy the Ifo economic institute said. An Ifo report said The total growth effect of the reform could be considerably enhanced and intern... | BONN SHOULD SPEED UP TAX REFORM, INSTITUTE SAYS |
Shr 52 cts vs 62 cts Net 10884000 vs 12891000 Revs 133.3 mln vs 128.8 mln Avg shrs 21017000 vs 20845000 Reuter | A.G. EDWARDS INC <AGE> 1ST QTR MAY 31 NET |
Canadas National Energy Board has denied an application by Quebec-owned Hydro-Quebec to export about three billion Canadian dlrs worth of electricity to the New England states a board spokeswoman told Reuters. The decision is to be made public later today chief information officer Ann Sicotte said. Sicotte said the boa... | BOARD REJECTS HYDRO-QUEBEC SALES TO NEW ENGLAND |
Aid donors to Indonesia pledged a total of 3.15 billion dlrs in fresh funds to Jakarta a statement issued after a two day meeting of the Inter Governmental Group on Indonesia (IGGI) said. The funds compare with 2.6 billion dlrs allocated at last years meeting and exceed the World Banks recommendation for the coming yea... | DONORS PLEDGE 3.15 BILLION DLRS INDONESIAN AID |
Regulations governing hedging and risk management should be revised and development of new futures instruments cautiously monitored in dealing with the growth of off-exchange futures instruments Robert Davis a commissioner on the Commodity Futures Trading Commission CFTC said. Davis told the Chicago chapter of the Futu... | CFTC'S DAVIS URGES CAUTION ON OFF-EXCHANGE ISSUE |
Murphy Oil said it increased its crude oil posted prices by 50 cts a barrel effective June 17. The company said its new posting for West Texas Intermediate and West Texas Sour is 19 dlrs a barrel. Light Louisiana Sweet crude is now 19.35 dollars a barrel the company said. Increases follow a general trend in the industr... | MURPHY OIL <MUR> RAISES CRUDE POSTINGS |
GM'S CHEVROLET AND OLDSMOBILE UNITS EXTENDING MARKETING INCENTIVES THROUGH SUMMER | |
Phillips Petroleum Co said it raised its crude oil posted prices for West Texas Intermediate and West Texas Sour by 50 cts a barrel effective June 17. The company said the new posted price for WTI and WTS is 19 dlrs a barrel. The increase is in reaction to Sun Co raising postings similarly yesterday. Reuter | PHILLIPS PETROLEUM <P> RAISES CRUDE POSTINGS |
Mobil Corp said the 49/28-14 wildcat well in Block 49/28 of the British North Sea flowed 50.6 mln cubic feet of natural gas per day from depths of 7742 to 7777 feet. The company said it has a 23.33 pct interest and other interest holders include Atlantic Richfield Co <ARC> Sun Co <SUN> and Deminex AG 10 pct. Reut... | MOBIL <MOB> HAS NORTH SEA NATURAL GAS FIND |
Qtly div three cts vs three cts prior Pay July 31 Record July 15 Reuter | MET-COIL SYSTEMS CORP <METS.O> SETS PAYOUT |
SEC TAKES STEPS TO ALLOW MULTIPLE TRADING ON EXCHANGE-LISTED OPTIONS | |
The International Monetary Fund said it has loaned Uganda 92.1 mln dlrs to aid in economic recovery. The fund said 60 mln dlrs of the loan is available through the so-called structural adjustment facility (SAF) over the next three years. The fund said 57.5 mln dlrs will be available immediately under the SAF and a sepa... | IMF LOANS UGANDA 92.1 MLN DLRS |
PETRO-CANADA RAISES CRUDE POSTINGS 32 CTS CANADIAN/BBL. SWEET CRUDE AT 25.60 DLRS CANADIAN/BBL. | |
A spokesman for the European Community Commission defended the controversial plan for a levy on oils and fats saying that consumers would have to help alleviate the surplus problem by paying the proposed tax. Norbert Tanghe head of division of the Commissions Directorate General for Agriculture told the 8th Antwerp Oil... | EC COMMISSION DEFENDS OILS AND FATS TAX |
Officials of Fuerzas Electricas de Cataluna S.A. (FECSA) the Spanish electricity company will hold the first meeting with members of a new debt negotiating committee representing its creditors in Barcelona on Tuesday senior bankers said. The talks will cover a possible rescheduling of the companys 610.57 billion peseta... | FECSA TO MEET DEBT NEGOTIATING COMMITTEE TUESDAY |
Union Pacific Resources formerly Champlin Petroleum said it raised posted prices for crude oil by 50 cts a barrel effective yesterday. The price increase brings West Texas Intermediate the U.S. benchmark grade to 19.00 dlrs a barrel. The posted price increase follows a similar move by several other oil companies. Sun C... | UNION PACIFIC <UNP> RAISES CRUDE OIL PRICES |
MARATHON RAISES CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19.00 DLRS. | |
Italys overall balance of payments showed a deficit of 3211 billion lire in May compared with a surplus of 2040 billion in April provisional Bank of Italy figures show. The May deficit compares with a surplus of 1555 billion lire in the corresponding month of 1986. For the first five months of 1987 the overall balance ... | VaALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY |
Italys net official reserves fell to 67110 billion lire in May from a previously reported 68455 billion in April the Bank of Italy said. Gold holdings totalled 35243 billion lire at end May unchanged from end April. Convertible currencies totalled 18277 billion lire in May down from 20028 billion in April while Europea... | ITALIAN NET OFFICIAL RESERVES FALL IN MAY |
FED SAYS IT SETS TWO BILLION DLRS OF CUSTOMER REPURCHASE AGREEMENTS | |
Becor Western Inc said its reconvened shareholders meeting has been adjourned to 1000 CDT June 30. The company had previously announced plans to again adjourn the meeting following receipt of a renewed offer from Lynch Corp <LGL> yesterday. The meeting was originally convened on June four when shareholders approved ... | BECOR WESTERN <BCW>AGAIN ADJOURNS HOLDER MEETING |
Two major steel companies said they were studying a price increase announced yesterday by USX Corps USS steelmaking division. Spokesman for Armco Inc <AS> and Bethlehem Steel Corp <BS> said the proposed price hike was under study. Yesterday USS said it plans to raise base prices on plate products by 20 dlrs a ton... | STEEL FIRMS STUDY USX <X> UNIT PRICE HIKE |
Italys overall balance of payments showed a deficit of 3211 billion lire in May compared with a surplus of 2040 billion in April provisional Bank of Italy figures show. The May deficit compares with a surplus of 1555 billion lire in the corresponding month of 1986. For the first five months of 1987 the overall balance ... | ITALIAN BALANCE OF PAYMENTS IN DEFICIT IN MAY |
Coastal Corp <CGP> said it raised the postings of crude oil 50 cts a barrel across the board effective yesterday June 17. The new price for West Texas Intermediate is 19.00 dlrs a barrel. For West Texas Sour the new price is 18.10 dlrs a barrel. Reuter | COASTAL <CGP> CRUDE POSTING UP 50 CTS/BBL |
Qtly div five cts vs five cts prior Pay Aug 15 Record June 30 Reuter | NRM ENERGY CO LP <NRM> SETS PAYOUT |
Qtly div 25 cts vs 25 cts prior Pay Aug One Record July 10 Reuter | INSILCO CORP <INR> SETS PAYOUT |
Qtly div nine cts vs nine cts prior Pay Aug 11 Record June 30 Reuter | NUCOR CORP <NUE> SETS PAYOUT |
Moodys Investors Service Inc said it may upgrade the ratings on Phelps Dodge Corps 545 mln dlrs of debt securities. The agency cited Phelps Dodges progress in restoring profitability in a difficult environment for the copper industry. Moodys said it will study the companys prospects for continued improvements in debt p... | PHELPS DODGE <PD> MAY BE UPGRADED BY MOODY'S |
RJR Nabisco Inc said it carried out several personnel and organizational changes in its foods and tobacco businesses. H. John Greeniaus executive vice president of Nabisco Brands Inc and president of International Nabisco Brands has been named president and chief executive officer of Nabisco Brands Inc the company said... | RJR NABISCO <RJR> PERSONNEL CHANGES AT UNITS |
Gulf Canada Corp shareholders at the annual meeting approved a previously reported reorganization plan giving shareholders stock in three publicly traded companies. Shareholders will receive 66 shares in Gulf Canada Resources Ltd 29 shares of Abitibi-Price Inc <AIB.TO> and 20 common shares of GW Utilities Ltd for ev... | GULF CANADA <GOC.TO> HOLDERS APPROVE PLAN |
The European Parliament threatened to block European Community spending plans for next year and implied it could also hold up attempts to solve an ever-deepening budget crisis this year. The Parliament voted unanimously in favour of a resolution condemning the annual haggling and compromising between the Communitys 12 ... | EUROPEAN PARLIAMENT THREATENS TO BLOCK EC BUDGET |
Moodys Investors Service Inc said it upgraded Crane Cos 75 mln dlrs of debt. Raised were the companys subordinated debt to Baa-3 from Ba-2 and in-substance defeased senior debentures to A-2 from A-3. Moodys cited Cranes progress in reducing its exposure to such cyclical industries as steel and in strengthening its core... | CRANE <CR> DEBT UPGRADED BY MOODY'S |
The Federal Reserve entered the government securities market to supply temporary reserves indirectly via two billion dlrs of customer repurchase agreements a spokesman for the New York Fed said. Fed funds were trading at 6-3/4 pct when the Fed began its action. Reuter | FED ADDS RESERVES VIA CUSTOMER REPURCHASES |
Omi Corp said it expects to reduce the debt guaranteed by former parent Ogden Corp <OG> to 30 mln dlrs from about 50 mln dlrs by the end of 1987 from financing measures including an employee stock ownership plan. The bulk shipping company said it expects to have the ESOP in place before year end subject to stockhold... | OMI <OMIC.O> PLANS TO REDUCE DEBT TO 30 MLN DLRS |
Permian Corp a subsidiary of National Intergroup said it raised its crude oil postings by 50 cts a barrel effective June 17. the company said its new posted price for West Texas Intermediate and West Texas Sour is 19 dlrs a barrel while Light Louisiana Sweet is now 19.35. The price hike follows other increases industry... | NATIONAL INTERGROUP <NII> UNIT RAISES CRUDE PRICES |
Primerica Corp said its common stock has been listed on the London Stock Exchange. Reuter | PRIMERICA <PA> LISTS ON LONDON EXCHANGE |
Ogden Corp said it has concluded the sale outside the United States through <Salomon Bros International Inc> and <Allen and Co Inc> of 85 mln dlrs of its six pct convertible subordinated debentures maturing in 2002. The company said the debentures are convertible into Ogden common stock at 79.75 dlrs per share wi... | OGDEN CORP <OG> SETS SALE OF DEBENTURES |
Two major steel companies said they were studying a price increase announced yesterday by USX Corps USS steelmaking division. Spokesman for Armco Inc and Bethlehem Steel Corp said the proposed price hike was under study. Yesterday USS said it plans to raise base prices on plate products by 20 dlrs a short ton or about ... | U.S. STEEL FIRMS STUDY USX UNIT PRICE HIKE |
qtr ended March 31 Shr 74 cts vs 79 cts Net 4069000 vs 3458000 Revs 173.2 mln vs 120.8 mln Year Shr 2.65 dlrs vs 2.73 dlrs Net 13.3 mln vs 11.9 mln Revs 618.4 mln vs 520.7 mln NOTE: Full name is Standard Commercial Tobacco Co. Latest qtr and year includes tax loss carryforwards of 771000 dlrs and 1042000 dlrs respectiv... | STANDARD COMMERCIAL <STOB.O> 4TH QTR NET |
Capital expenditure in the U.K. Manufacturing construction distribution and financial sectors rose slightly in the first quarter to 4.75 billion stg from 4.74 billion in the fourth 1986 quarter but remained below the 4.86 billion stg spent in first quarter 1986 the Department of Trade and Industry said. Manufacturing s... | U.K. CAPITAL EXPENDITURE RISES IN 1ST QTR 1987 |
SECURITY PACIFIC SAYS SEC DECLARES EFFECTIVE ITS 1.2 BILLION DLR SHELF | |
STORAGE TECHNOLOGY CORP SAYS COURT APPROVES EMERGENCE FROM CHAPTER 11 | |
Petro-Canada a state-owned oil company raised the posting prices of sweet and sour crude oils 32 cts Canadian per barrel effective today the company said. The change brings the price of light sweet crude to 26.50 dlrs Canadian per barrel and the price of light sour crude to 23.77 dlrs Canadian a barrel. The crude oils ... | PETRO-CANADA CRUDE UP 32 CTS CANADIAN/BBL |
The U.K. High Court dismissed an appeal by Rio Tinto-Zinc Corp Plcs <RTZL.L> RTZ Oil and Gas Ltd unit and ruled that the financial provisions a company makes for the future cost of abandoning an oil field are not tax deductible the Press Association reported. The company was appealing against a decision of the Tax C... | U.K. COURT RULES AGAINST RTZ ON OIL FIELD COSTS |
The Securities and Exchange Commission began proceedings in which it will consider allowing options trading on exchange-listed securities on more than one options market. In a three-nil decision the SEC voted to seek public comment on a proposed rule removing restrictions that prevent the options from being traded on m... | SEC ACTS ON EXCHANGE-LISTED OPTIONS TRADING |
Indonesia expects the recent years rise in its debt service ratio to peak at the current level of 41 pct Development Supervision Minister Ali Wardhana told journalists. He was speaking at a news conference following a two day annual meeting of aid donors grouped in the Inter-Governmental Group on Indonesia (IGGI) in wh... | INDONESIAN DEBT SERVICE RATIO PEAKS, MINISTER SAYS |
Security Pacific National Bank a unit of Security Pacific Corp said the Securities and Exchange Commission declared effective its shelf registration statement covering 1.2 billion dlrs of mortgage related securities. The bank said it filed the registration statement in April. This is the banks second shelf registration... | SECURITY PACIFIC <SPC> UNIT'S SHELF EFFECTIVE |
Southmark Corp said it acquired Berg Ventures Inc which manages 84 apartment complexes with over 18000 units and 12 shopping centers stretching from New Jersey to Florida that are controlled or affiliated with Berg Harmon Associates. Terms were not disclosed. Southmark said the acquisition makes it the nations largest ... | SOUTHMARK <SM> ACQUIRES BERG VENTURES |
 KLM NET PROFIT DECLINES IN 1986/87 YEAR AMSTERDAM June 18 Year ended March 31 Net profit 301 mln guilders vs 312 mln Profit per 20 guilder nominal ordinary share 5.93 guilders vs 6.14 on unchanged 50.85 mln shares. Operating revenues 5.38 billion guilders vs 5.85 billion. Profit on sale of fixed assets 23 mln guil... | |
General Motors Corps Chevrolet and Oldsmobile divisions said they are extending cash rebates and discount financing on several car and truck lines through the summer. Chevrolet said that through August 3 its customers could choose cash rebates of 300 dlrs to 1000 dlrs depending on models or loan rates beginning at 3.9 ... | GM <GM> UNITS EXTEND INCENTIVES |
The rate of increase in world palm oil use is likely to slow next season despite an expected 800000 tonne production rise to 8.13 mln tonnes Siegfried Mielke editor of the Hamburg-based newsletter Oil World said. He told the 8th Antwerp Oils and Fats Contact Days that in the next Oct/Sept 1987/88 season palm oil use wi... | GROWTH OF PALM OIL USE SET TO SLOW, OUTPUT TO RISE |
Pan-Alberta Gas Ltd said its 1986 proposed settlement with United Gas Pipe Line Co of Houston received unconditional approval by the U.S. Federal Energy Regulator Commission. Pan-Alberta said the approved deal authorized terms of a two-year interim contract amendment cash payments and transportation credits for Pan-Alb... | PAN-ALBERTA/UNITED GAS SETTLEMENT APPROVED |
May Department Stores Co said it terminated an agreement with Allied Stores Corp to buy from Allied the four Dey Brothers Stores in Syracuse N.Y. May and Allied said conditions necessary for the closing were not met. May had planned to make the acquisition an expansion of its Sibleys Department Store Co which operates ... | MAY <MA> WON'T BUY ALLIED'S DEY BROTHERS STORES |
Valero Natural Gas Partners LP said its board has declared an initial quarterly dividend of 67.3611 cents per unit payable August 14 record July 1. The partnership said the distribution covers its first full quarter of operations ending June 30 plus the period from the inception of its operations on March 25. Future di... | VALERO NATURAL GAS <VLP> SETS INITIAL PAYOUT |
Duff and Phelps said it lowered its ratings on outstanding notes and debentures of Transco Energy Company and its subsidiary Transcontinental Gas Pipe Line Company affecting 887 mln dlrs in debt securities. Transco Energy cumulative convertible preferred stock was lowered to DP-12 (middle BB) from DP-10 (low BBB) and T... | DUFF/PHELPS LOWERS TRANSCO ENERGY <E> AND UNIT |
Storage Technology Corp said the U.S. Bankruptcy Court has approved its plan of reorganization and its emergence from Chapter 11 bankruptcy. Under the terms of the plan the company said all approved creditors claims will be paid in full in cash equity and notes. It said it will settle about 800 mln dlrs in liabilities ... | STORAGE <STK> SAYS COURT CLEARS REORGANIZATION |
Standard and Poors Corp said it affirmed Marine Midland Banks Incs 500 mln dlrs of debt. S and P cited a 400 mln dlr provision to reserves for developing country credits. The provision brings Marines reserve to about 29 pct and will enhance its flexibility in actively managing this portfolio. S and P also said Marines ... | MARINE MIDLAND <MM> AFFIRMED BY S/P |
Quaker Oats Co said in response to a query that it knew of no corporate development to account for the decline in its stock trading at 54-3/8 off 2-1/8. Reuter | QUAKER OATS <OAT> CANNOT ACCOUNT FOR DECLINE |
UNOCAL RAISED CRUDE OIL POSTINGS 50 CTS/BBL, WTI NOW 19 DLRS/BBL | |
Virtusonics Corp said it has cut the exercise price of its warrants to 1.5 cts per share from 2.5 cts from June 22 until July 22. Reuter | <VIRTUSONICS CORP> CUTS WARRANT EXERCISE PRICE |
Frances leading farmers union the FNSEA said it is worried that negotiations on the 1987/88 farm price package will now be tackled by European Community leaders who do not know the agricultural situation. The leaders have no specialised knowledge of the farm dossier and have the tendency to sign compromises which are t... | FRENCH FARMERS WORRIED BY FAILURE OF EC TALKS |
Zenith Laboratories Inc said it is discusssing with Squibb Corps SquibbMark division a three-year agreement to supply some products to Squibb to sell under a SquibbMark label. Zenith said the deal includes products it already markets and some that are pending marketing approval from the U.S. Food and Drug Administratio... | ZENITH <ZEN>, SQUIBB <SQB> IN SUPPLY TALKS |
Baxter Travenol Laboratories Inc said it will hold a press conference June 29 to introduce a new information systems product that will dramatically improve hospital efficiency. No other details were disclosed. Baxter currently offers computerized information systems that link hospital medical and business departments a... | BAXTER <BAX> SETS BRIEFING FOR NEW PRODUCT |
Holder Communications Corp said stockholders approved its reorganization plan with the <General Masonry Group> in Nashville Tenn. The company said also approved was its name change to GMX Communications Inc and an increase of authorized shares to 100 mln from 20 mln. Included in the reorganization which is scheduled... | HOLDER <HOLD.O> REORGANIZATION PLAN APPROVED |
Unocal said it raised its postings for crude oil by 50 cts a barrel effective June 17. The company said it is now posting West Texas Intermediate and West Texas Sour at 19 dlrs a barrel. Unocal said its new Light Louisiana Sweet posted price is 19.35 dlrs a barrel. the price move follows a wave of increases initiated b... | UNOCAL <UCL> RAISED CRUDE OIL POSTINGS BY 50 CTS/BBL |
FW Woolworth Cos chairman and chief executive officer Harold Sells said the company remains commmitted to its general merchandise division despite the growing importance of its specialty stores. The company said its sales in the first quarter ended May 2 were 1.53 billion dlrs up from 1.41 billion dlrs in the same peri... | WOOLWORTH <Z> ANNOUNCES SALES STRATEGY |
The World Bank said it has loaned Mexico 400 mln dlrs to help support an agricultural credit project. The project hopes to increase agricultural productivity exports and real farm income by providing credit to private farmers ranchers and agro-industries the bank said. The loan will be used for lending mainly by commer... | WORLD BANK LOANS MEXICO 400 MLN DLRS |
Ecuador posted a trade surplus of 10.6 mln dlrs in the first four months of 1987 compared with a surplus of 271.7 mln in the same period in 1986 the central bank of Ecuador said in its latest monthly report. Ecuador suspended sales of crude oil its principal export product in March after an earthquake destroyed part of... | ECUADOR HAS TRADE SURPLUS IN FIRST FOUR MONTHS |
1988 U.S. BUDGET PLAN CLEARED BY KEY CONGRESSIONAL COMMITTEE | |
Standard and Poors Corp said it affirmed about 600 mln dlrs of debt of Republic Bank NY Corp. Affirmed were Republics AA senior debt AA-minus subordinated debt A-plus preferred stock A-1-plus commercial paper and A/A-1-plus certificates of deposit. S and P cited the banks decision to join the growing number of U.S. ban... | REPUBLIC BANK <RNB> DEBT AFFIRMED BY S/P |
Ensource Inc said it has agreed to sell one mln shares of convertible preferred stock to closely-held United Meridian Corp for 25 dlrs a share and to grant United warrants to buy 550000 common shares. Ensource said United chairman Ralph E. Bailey who recenty retired as chairman of Du Pont Cos <DD> Conoco Inc and vic... | ENSOURCE <EEE> SELLS CONVERTIBLE PREFERRED |
Pan American World Airways said it took delivery of the first of 12 A310-300 aircraft on June 17 becoming the first U.S. airline to receive the engines developed by the European consortium Airbus Industrie. The airline is also the first to take United Technologies Corps <UTX> Pratt and Whitney PW4000 engines. Pan Am... | PAN AM <PN> RECEIVES AIRBUS AIRCRAFT |
Par Pharmaceutical Inc said it will begin marketing a generic form of Eli Lilly and Cos Keflex a widely used antibiotic whose patent expired April 21 in about six weeks. Generic drugs are cheaper copies of brand name drugs that have lost their patents. Par said its generic form of Keflex called Cephalexin will be made ... | PAR <PAR> TO COMPETE WITH LILLY'S <ELI> KEFLEX |
A joint House-Senate committee formally approved a 1988 budget plan certain to touch off a battle with President Reagan over taxes and defense. The budget a compromise of earlier House and Senate budgets was negotiated yesterday by House and Senate Democratic leaders. The plan slated for House action next Tuesday would... | 1988 U.S. BUDGET CLEARED BY COMMITTEE |
Acton Corp said shareholders at the annaul meeting approved a one-for-five reverse split that takes effect June 25. It said holders also approved a limitation of directors liability and indemnity agreements between the company and its officers and directors. Reuter | ACTON <ATN> SETS ONE FOR FIVE REVERSE SPLIT |
FIRST WISCONSIN ADDS LOAN LOSSES, SEE 2ND QTR LOSS OF 2.80 DLRS A[B SHARE | |
Reichhold Chemicals Inc said its Reichhold Ltd subsidiary has raised prices seven U.S. cent per pound on powdered phenolic waferboard resins effective July 1 due to sharp increases in the cost of phenol. Reuter | REICHHOLD <RCI> RAISES WAFERBOARD RESIN PRICES |
Enzon Inc and Eastman Kodak Cos Eastman Pharmaceuticals division said the Food and Drug Administration approved their application to allow clinical testing of the PEG-uricase drug to proceed. Kodak owns 18.7 pct of Enzon and owns the marketing rights for PEG-uricase and two other drugs Enzon is developing. The companie... | ENZON <ENZN.O>, KODAK <EK> TO BEGIN DRUG TEST |
Bank of New England Corp said it will make a special second quarter loan loss provision of 107 mln dlrs. Reuter | BANK NF NEW ENGLAND <BKNE.O> SETS LOSS PROVISION |
Diamond Shamrock R and M said it raised its crude oil contract prices by 50 cts a barrel effective June 17. The company said its new posting for West Texas Intermediate crude is 19 dlrs a barrel. The price increase follows similar moves by several other companies. Reuter | DIAMOND SHAMROCK <DRM> RAISES CRUDE POSTINGS |
Xerox Corps affiliate Rank Xerox Ltd said it signed a definitive agreement to sell its Rank Xerox South Africa Pty Ltd affiliate to Altron Group <ALRN.O> for undisclosed terms. Xerox said the preliminary agreement to sell the affiliate to Fintech an Altron unit had been reached in March. Xerox said completion of the... | XEROX <XRX> AFFILIATE TO SELL S.AFRICAN UNIT |
Qtly div 11 cts vs 10 cts prior Pay July 15 Record July 1 Reuter | STATE STREET BOSTON CORP <STBK.O> LIFTS DIV |
Everex Systems Inc said it has filed for an initial public offering of 5950000 common shares including 4950000 to be sold in the U.S. and one mln overseas. Lead underwriters are Goldman Sachs and Co and Shearson Lehman Brothers Holdings Inc <SHE>. The company said it will sell four mln of the shares and shareholders... | <EVEREX SYSTEMS INC> FILES FOR INITIAL OFFERING |
Doskocil Cos Inc said it has repurchased 310000 of its common shares or about five pct for undisclosed terms and its board has authorized the further repurchase of another 200000 shares. Reuter | DOSKOCIL <DOSK.O> REPURCHASES SHARES |
Lead underwriters Salomon Inc <SB> PaineWebber Group Inc <PWJ> and Shearson Lehman Brothers Holdings Inc <SHE> said an initial public offering of seven mln common shares of Scudder New Asia Fund Inc is underway at 12 dlrs each. Underwriters have been granted an option to buy up to another 1050000 shares to cov... | SCUDDER NEW ASIA FUND INITIAL OFFERING STARTS |
Qtr ended June 7 Shr six cts vs 17 cts Net 1332000 vs 3658000 Sales 58.3 mln vs 51.6 mln Nine mths Shr 40 cts vs 25 cts net 8875000 vs 5034000 Sales 158.4 mln vs 133.6 mln Reuter | MONOLITHIC MEMORIES INC <MMIC.O> 3RD QTR NET |
Doskocil Companies Inc said it bought back 310000 shares or about five pct of its common stock and its board authorized the repurchase of an additional 200000 common shares. If completed the total purchases would represent 8.5 pct of Doskocils outstanding common stock. Reuter | DOSKOCIL <DOSKD.O> BUYS BACK FIVE PCT OF STOCK |
Qtly div 15 cts vs 12 cts prior Pay July 24 Record July One Reuter | PEOPLES SAVINGS BANK <PEBW.O> RAISES PAYOUT |
ISFA Corp said Thomas A. Cooper who recently resigned as president of BankAmerica Corp has been named chairman and chief executive officer of ISFA. ISFA operates Invest a full-service brokerage program for banks and Insure a retail insurance program. Reuter | BANKAMERICA'S <BAC> COOPER JOINS ISFA |
Ask Corp said it received approximately 1.3 mln dlrs from the settlement of claims from joint litigation with Allied Signal Corp <ALD> from a private placement with a Houston based venture capital firm. Ask said it received approximately 800000 dlrs from the litigation which will be reflected in the companys fourth ... | ASK <AMSKQ.O> RECEIVES SETTLEMENT |
Monsanto Cos G.D. Searle and Co pharmaceutical division said researchers have concluded that articifical sweeteners including aspartame which is found in Searles NutraSweet do not pose any significant health problems for diabetic patients. The researchers conducted a survey of 100 diabetic patients using sweeteners fro... | MONSANTO <MTC> SAYS NUTRASWEET POSES NO ILLS |
Qtly div 25 cts vs 20 cts prior Pay Aug 10 Record July Three Reuter | AIR PRODUCTS AND CHEMICALS INC <APD> UPS PAYOUT |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.