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PNC Financial corps Provident National Bank subsidiary said it is increasing the weighting of bonds in its investment portfolio due to the recent softening in the fixed-income markets. The bank said it is shifting the debt to equity mix of its balanced portfolios to 45 pct bonds/55 pct stocks from 40/60 and reducing th... | PNC FINANCIAL <PNCF.O> UNIT SHIFTS PORTFOLIO |
The Federal Home Loan Bank Board (FHLBB) placed Investors Federal Bank of El Reno Okla. in receivership and transferred its 97.8 mln dlrs n assets to the Investors Savings and Loan Association. An FHLBB statement said the failed thrift was insolvent and had substantially dissipated its assets largely through participat... | OKLAHOMA THRIFT IN RECEIVERSHIP |
Mthly div nine cts vs nine cts prior Pay Aug 14 Record July One Reuter | VMS MORTGAGE INVESTORS LP <VMLPZ.O> IN PAYOUT |
Canada Post presented its striking letter carriers with a new contract offer today but both sides said there was little indication the offer would end an increasingly violent three-day-old walkout. The strike has been especially bitter in Quebec where the federally regulated postal service has brought in replacement wo... | CANADA POSTAL UNION PREPARED TO REJECT NEW OFFER |
Chrysler Corp said Electrospace Systems Inc agreed to be acquired under a merger agreement in which Chrysler will tender 27 dlrs a share for 100 pct of the Richardson Texas-based defense electronics contractor. It said total cost to Chrysler to buy all of the outstanding stock would be about 367 mln dlrs. Electrospace ... | CHRYSLER <C> TO TENDER FOR ELECTROSPACE <ELE> |
OPEC conference president Rilwanu Lukman said he expects next weeks ministerial meeting in Vienna to be brief and calm and that OPECs current price and production agreement may only need a slight review. I expect the meeting in Vienna to be short and calm Lukman who is also Nigerian oil minister told reporters here ahe... | OPEC PRESIDENT LUKMAN EXPECTS SHORT, CALM MEETING |
Qtly div 21 cts vs 21 cts prior Pay Aug 14 Record July One Reuter | VMS MORTGAGE INVESTORS LP II <VMLPZ.O> IN PAYOUT |
Central Fund of Canada Ltd said it filed a registration statement with the U.S. Securities and Exchange Commission for a U.S. offering of 3250000 units each consisting of two class A shares and one warrant. Central Fund a specialized investment holding company said net proceeds will be used mainly to buy gold and silve... | CENTRAL FUND CANADA <CEF> PLANS U.S. ISSUE |
First Federal Savings Bank said it will take a 274000 dlr or 25 ct per share writeoff of its secondary reserve with the Federal Savings and Loan Insurance Corp in the third quartger ending June 30. Reuter | FIRST FEDERAL <FFSD.O> TO TAKE WRITEOFF |
Qtly div five cts vs five cts prior Pay July 10 Record June 30 Reuter | SUFFIELD FINANCIAL CORP <SFCP.O> SETS QUARTERLY |
<Metropolitan Life Insurance Co> said it has received a license to operate a health maintenance organization in Rhode Island called MetLife HealthCare Network of Rhode Island. Reuter | METROPOLITAN LIFE TO OPERATE RHODE ISLAND HMO |
The West German government will stick to its agreed timetable and introduce tax cuts worth 44 billion marks from 1990 Chancellor Helmut Kohl said. Kohl told a news conference The tax reform will be realised as agreed by the coalition after the (last general) election in January. He said the leadership of his own Christ... | BONN WILL HOLD TAX REFORM TIMETABLE, KOHL SAYS |
Qtly div 30-1/2 cts vs 30-1/2 cts prior Pay Aug 15 Record June 30 Reuter | MOTEL 6 L.P. <SIX> SETS QUARTERLY |
Becor Western Inc said <Davis Mining and Manufacturing Inc> has amended its offer for the company. Becor said the cash portion of the offer remains unchanged at 10.45 dlrs a share but the principal amount of debentures would increase to 3.50 dlrs from 3.00 dlrs a Becor share. The amended offer also includes 1.50 dlr... | DAVIS MINING REVISES OFFER FOR BECOR <BCW> |
MTech Corp said it has received 33467 shares of Commercial Resources Corp in response to its 10.25 dlr per share tender offer for all 150000 shares. The company said it has extended the offer until July 2. It was to have expired yesterday. Reuter | MTECH <MTCH> HAS 33,467 COMMERCIAL SHARES |
Deposit Guaranty National Bank said it will add 8.1 mln dlrs to its loan loss reserve during the second quarter to cover potential foreign debt exposure in Latin America. It said the action will reduce second quarter earnings of Deposit Guaranty Corp the banks parent by about 60 cts a share. It said the corporation wil... | DEPOSIT GUARANTY <DEPS.O> ADDS LOAN LOSSES |
An organization of Tennessee Valley Authority industrial customers said it has joined the TVA in asking a court to prevent the U.S. Department of Energy from witholding contracted payments to TVA. The Tennessee Valley Industrial Committee said it is seeking permission to intervene in TVAs federal district court lawsuit... | TVA CUSTOMERS ASK COURT REQUIRE DOE PAYMENT |
Xiox Corp said it has changed its state of incorporation to Delaware from California. Reuter | XIOX <XIOX.O> REINCORPORATES IN DELAWARE |
Qmax Technology Corp said it has reorganized into three operating groups: Pharmaceutical Technology Group Cosmetic Technology Group and Thermometry Technology Ltd. Reuter | QMAX TECHNOLOGY <QMAX.O> SETS NEW STRUCTURE |
Shr loss 14 cts vs loss 35 cts Net loss 3718908 vs loss 6714372 Revs 22.8 mln vs 14.4 mln Avg shrs 25.7 mln vs 19.2 mln Nine mths Shr loss 1.02 dlrs vs loss 1.46 dlrs Net loss 24.4 mln vs loss 28.1 mln Revs 61.7 mln vs 28.9 mln Avg shrs 23.8 mln vs 19.2 mln Reuter | MICRON TECHNOLOGY INC <DRAM.O> 3RD QTR JUNE FOUR |
C.O.M.B. Co said its Cable Value Network (CVN) unit has reached an agreement in principle with Tele-Communications Inc <TCOM.O> to extend its current affiliation agreement to a new seven-year term. C.O.M.B. is a direct mail and video marketing company. Reuter | C.O.M.B. <CMCO.O> UNIT IN NEW SEVEN-YEAR PACT |
OSHAP Technologies Ltd said it formed a joint venture with the Regional Investment Co of the Wallon Region a Belgian government-controlled investment company. It said the agreement is subject to approval of the Israeli Controller of Foreign Exchange. Under the agreement OSHAP will establish a new corporation which will... | OSHAP TECHNOLOGIES <OSHSF.O> IN JOINT VENTURE |
Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating todays hog slaughter at about 265000 to 270000 head versus 275000 week ago and 248000 a year ago. Saturdays hog slaughter is guesstimated at about 30000 to 45000 head. Cattle slaughter is guesstimated at about 127000 to 130... | HOG AND CATTLE SLAUGHTER GUESSTIMATES |
Investment banker Drexel Burnham Lambert Inc said it has privately placed 180 mln dlrs of multi-class real estate mortgage investment conduits or REMICs of Integrated Resources Incs Capitol Life Insurance Co subsidiary. The company said the REMICs were placed in two series of about 300 seasoned multifamily and commerci... | INTEGRATED RESOURCES <IRE> UNIT OFFERS DEBT |
Senate majority leader Robert Byrd urged President Reagan to negotiate with the Democratic-led Congress over budget matters. He told reporters that Reagan and Republicans failed to help write the budget expected to get final congressional approval next week. He said it was time for Reagan to move from his hobby horse a... | BYRD URGES REAGAN TO GET INVOLVED IN BUDGET |
Digital Optronics Corp said it has filed for an initial public offering of 850000 common shares at an expected price of six to 6.50 dlrs a share through underwriters led by Yorke McCarter Owen and Bartels Inc and Norris and Hirshberg Inc. The company said Acme-Cleveland Corp <AMT> and Digital Signal Corp are investo... | <DIGITAL OPTRONICS CORP> SETS INITIAL OFFERING |
The proposed 500 mln Hong Kong dlr transferable loan facility for <South China Morning Post Co Ltd> a unit of News Corp Ltd <NCPA.S> will be raised to 888 mln dlrs lead manager Manufacturers Hanover Asia Ltd said. The loan was more than three times oversubscribed in syndication with 1.2 billion dlrs raised. Manuf... | NEWS CORP UNIT LOAN TO RISE TO 888 MLN H.K. DLRS |
Qtly div 22 cts vs 22 cts prior Pay July 10 Record June 29 Reuter | SOUTHEAST BANKING CORP <STB> SETS QUARTERLY |
Nippon Oil and Fats Co Ltd is issuing a 70 mln dlr equity warrant eurobond due July 15 1992 with an indicated coupon of 1-3/8 pct and par pricing lead manager Yamaichi International (Europe) Ltd said. The issue is guaranteed by Fuji Bank Ltd and final terms will be fixed on June 25. The selling concession is 1-1/2 pct ... | NIPPON OIL AND FATS ISSUES EQUITY WARRANT EUROBOND |
Total Erickson Resources Ltd and Consolidated Silver Standard Mines Ltd <CDS.V> said that Total Erickson has purchased all Consolidateds interests in its Dome Mountain property for 60000 Total Erickson shares and 70000 dlrs in cash. The companies said the property has several gold-bearing veins and has considerable ... | TOTAL ERICKSON <TLE.T> BUYS MINING PROPERTY |
Southern National Corp said its board approved increasing the dividend rate to 78 cts a year from 76 cts effective with the next quarterly dividend which will be declared in July payable August One. Reuter | SOUTHERN NATIONAL CORP <SNAT.O> RAISING PAYOUT |
Beta Phase Inc said it has negotiated the first major sale of its SMArtClamp electronic intravenous infusion device. The company said Sharp Memorial Hospital which participated in clinical tests of the device has ordered 100 SMArtClamps. Reuter | BETA PHASE <BETA.O> LANDS FIRST MAJOR SALE |
National Computer Systems Inc said it agreed to acquire Deluxe Check Printers Incs <DLX> 38 pct stake in Data Card Corp. National Computer said it plans to issue 45 mln dlrs in five year subordinated convertible debentures to purchase the 3749401 shares of Data Card from Deluxe. Completion of the proposed transactio... | NAT'L COMPUTER <NLCS.O> TO BUY DATA CARD STAKE |
DEBT RESCHEDULING PACKAGE FOR NIGERIA MAY BE SIGNED BY MID-SEPTEMBER, BARCLAYS/NIGERIA SAY | |
Canadas sweeping tax reform package announced today is an important step towards a fairer system but is not as bold a revamp of the tax structure as some had expected economists and business leaders said. Its the biggest step towards tax reform weve taken in a great many years Merrill Lynch Canada Inc chief economist M... | CANADIAN TAX REFORM CALLED AN IMPORTANT STEP |
The wet cold weather which has shrouded northern Europe recently is not a real problem for farmers yet a spokeswoman for Frances largest farm union FNSEA said. The bad weather has only affected the northern part of France while the Mediterranean region needs more moisture. Sugar beet producers said the climatic conditi... | WET WEATHER SEEN NO PROBLEM YET FOR FRENCH FARMS |
Microsemi Corp a supplier of semiconductor products and assemblies said it has acquired the operating assets of <Hybrid Components Inc> for 2.2 mln dlrs in cash. Microsemi said the purchase includes the fixed assets software inventories technology intellectual properties and other business operations of HCI. The com... | MICROSEMI <MSCC.O> ACQUIRES HYBRID COMPONENTS |
A target date of mid-September has been set for the signing of a package rescheduling Nigerias medium term public sector debt and outstanding letter of credit claims Nigeria and Barclays Bank Plc said in a joint statement. The statement was issued during the last of a two day meeting here between the two sides. Barclay... | NIGERIA MAY SIGN DEBT RESCHEDULING IN SEPTEMBER |
Qtly div 15 cts vs 15 cts previously Pay August One Record July 22 Reuter | CITIZENS FIRST BANCORP INC <CFB> DIVIDEND SET |
Theragenics Corp said it will receive a U.S. patent on its TheraSeed localized radiation therapy for treatment of prostate cancer effective June 23. It said it has obtained product liability insurance for Theraseed and expects commercial sales and distribution to start by July 15. Reuter | THERAGENICS <THRX.O> GETS CANCER PROCESS PATENT |
President Reagan said he would veto a House-passed trade bill requiring mandatory retaliation for unfair trade if it reached its desk in its present form. In a statement at a White House meeting with Senate Republicans on the legislation he said: I would have no choice but to veto that bill in its present form. He said... | REAGAN SAYS TRADE BILL FACES VETO IN PRESENT FORM |
Sudan has set aside 781.6 mln dlrs to service foreign debts in 1987/88 according to budget plans presented to parliament. This compares with 200 mln dlrs earmarked for debt repayment in the year ending June 30. Sudan has a foreign debt totalling 10.6 billion dlrs. Finance Minister Beshir Omar presenting plans to parlia... | SUDAN BOOSTS BUDGET CASH FOR DEBT SERVICING |
Ghana has lifted a ban on rice and maize imports due to crop problems caused by unusually dry weather the official Ghana News Agency (GNA) reported today. Secretary for Finance and Economic Planning Kwesi Botchwey made the announcement last night while accepting 7891 tonnes of rice worth about four mln dlrs under a Jap... | GHANA LIFTS RICE/MAIZE IMPORT BAN DUE TO DROUGHT |
Microtel a fiber optic long distance company said it plans to lower rates for interstate one plus dialing by 4.8 pct and LaserPLUS WATS service by 7.4 pct effective July 15. Reuter | <MICROTEL> TO LOWER LONG DISTANCE RATES |
Bank of England governor Robin Leigh-Pemberton said lowering interest rates too fast could jeopardise recent economic achievements in the U.K. In remarks prepared for delivery to businessmen in Birmingham he said prospective returns on real investment are more favourable relative to those on financial assets than for a... | U.K. CENTRAL BANK WARNS OF EXCESSIVE RATE CUTS |
AMERICAN GREETINGS CORP 1ST QTR SHR 42 CTS VS 53 CTS | |
There will be no serious bids at European Community open market tenders for wheat and barley until EC farm ministers agree to the 1987/88 farm price package trade sources said. The failure of farm ministers this week to come to an agreement resulted in no bids at this weeks tender for export subsidies and traders said ... | FAILURE OF EC FARM PRICE TALKS DISRUPTS TENDERS |
Period ended May 31 Shr 42 cts vs 53 cts Net 13600000 vs 17100000 Revs 263.3 mln vs 243.8 mln Reuter | AMERICAN GREETINGS CORP <AGREA.O> 1ST QTR NET |
Period ended May 31 Shr 42 cts vs 53 cts Net 13600000 vs 17100000 Revs 263.3 mln vs 243.8 mln Reuter | AMERICAN GREETINGS CORP <AGREA.O> 1ST QTR NET |
Qtly div 18 cts vs 16.6 cts prior Pay July 20 Record June 30 NOTE: Prior payment adjusted for three-for-one stock split. In April company had announced its intention to raise the dividend. Reuter | TEXAS INSTRUMENTS INC <TXN> RAISES QUARTERLY |
Healthcare Services of America Inc said its chairman and chief executive officer Charles Speir resigned and its president and chief operating officer Thomas Rodgaers Jr was relieved of his duties. Michael Cronin will take over as chairman and Michael Murphy as acting president and chief executive officer the company sa... | HEALTHCARE SERVICES <HSAI.O> NAMES EXECUTIVES |
Shr 4.61 dlrs vs 4.28 dlrs Net 663.3 mln vs 590.8 mln Rev 4.03 billion vs 4.06 billion Avg shares 143.9 mln vs 138.2 mln Reuter | TEXAS UTILITIES CO <TXU> 12 MOS MAY 31 NET |
Qtrly 57 cts vs 30 cts Pay July 15 Record June 30 NOTE: recent dividend based two-for-one stock split effected Wednesday June 17. Based on pre-split shares the dividend would have been 60 cts. Reuter | NATIONAL FUEL GAS CO <NFG> INCREASES DIVIDEND |
GTE Corp said its Fiber Optic Products division was awarded a 250000 dlr minimum contract by NYNEX Corps <NYN> Enterprise Co. The bulk of the agreement applies to GTEs elastomeric glass tube splice products the company said as well as other fiber optic components including GTEs recently-introduced cleaving tool and ... | GTE <GTE> UNIT GETS CONTRACT FOR PRODUCTS |
<Alaska Micro Systems> a Kaypro dealer said the Anchorage School District chose it to provide 116000 dlrs of computer equipment to Chugiak High School for computer and typing classes. Reuter | KAYPRO <KPRO.O> DEALER WINS NETWORKING CONTRACT |
Period ended April 30 Shr profit nil vs loss eight cts Net profit 4000 vs loss 213000 Sales 3668000 vs 2602000 Year Shr loss 18 cts vs loss 23 cts Net loss 482000 vs loss 614000 Sales 12.5 mln vs 13.6 mln NOTE: 1987 earnings in each period include a provision for unrealized loss on marketable securities of 176000 dlrs ... | BOSTON DIGITAL CORP <BOST.O> 4TH QTR NET |
Qtly div 8.5 cts vs 8.5 cts prior Pay Aug Five Record July 20 NOTE: Federated Financial Savings and Loan Association. Reuter | FEDERATED FINANCIAL SAVINGS <FEDF.O> IN PAYOUT |
Colonial Bancgroup said it agreed to buy <First National Bank of Destin> for an undisclosed sum. The company said if it is approved the sale will mark its second move to acquire a Florida bank. It said it signed a letter of intent to buy Liberty Bank of Pensacola in April. Reuter | COLONIAL BANCGROUP <CLBGA> BUYS DESTIN BANK |
Chrysler Corp said it has no intention of increasing its offer for Electrospace Systems Inc <ELE>. Chrysler agreed to purchase the Texas-based defense electronics contractor in a tender offer of 27 dlrs a share for a total value of about 367 mln dlrs. Eletrospace shares closed yesterday on the NYSE at 30-1/8. We hav... | CHRYSLER <C> HAS NO PLANS TO RAISE BID |
TEXACO CANADA RAISES CRUDE OIL POSTINGS 24 CANADIAN CTS/BBL, LIGHT SWEET NOW 25.60 DLRS/BBL | |
Armco said its Northern Automatic Electric Foundry Co unit formed a joint venture company with Stelco Inc <STE.TO> unit Stelco Erie Corp. The companies said the new firm which will be called M.E. International will represent an investment of 15 mln dlrs for the companies involved. They said the venture will produce ... | ARMCO INC <AS> UNIT FORMS JOINT VENTURE FIRM |
Computer Products Inc is raising 35 mln dlrs through an offering of convertible subordinated debentures due 1997 with a 9-1/2 pct coupon and par pricing said sole manager Robinson-Humphrey Co Inc. The debentures are convertible into the companys common stock at 4.625 dlrs per share representing a premium of 23.33 pct o... | COMPUTER PRODUCTS <CPRD> SELLS CONVERTIBLE DEBT |
Federated Financial Savings and Loan Association said it wrote off its FSLIC secondary reserve balance previously carried as an asset as required by the Federal Home Loan Bank Board. The reduction of income is estimated to be 16 cts per share but the company said it will record a profit for the third quarter ending Jun... | FEDERATED FINANCIAL <FEDF.O> WRITES OFF RESERVE |
Northeast Savings said its board declared an initial quarterly dividend of 15 cts per share payable August One record July 17. Reuter | NORTHEAST SAVINGS <NESA.O> SETS INITIAL PAYOUT |
S/P WITHDRAWS RATINGS ON CAESARS WORLD, CITES REFINANCE PLAN | |
Network Security Corp said three of its major shareholders have executed definitive agreements to sell their shares to Inspectorate International <INSZ.Z> SA. The company said its previously-announced merger into Inspectorate is still subject to approval by Network shareholders. Reuter | NETWORK SECURITY <NTWK.O> HOLDERS TO SELL STOCK |
<Melamine Chemicals Inc> said it has filed for an initial public offering of 2800000 common shares through underwriters led by PaineWebber Group Inc <PWJ>. The company said it will sell 1400000 shares and the rest will be sold by Ashland Oil Inc <ASH> and First Mississippi Corp <FRM> Melamines two sharehold... | MELAMINE CHEMICALS FILES FOR INITIAL OFFERING |
Qtly div 75 cts vs 75 cts prior Pay July 14 Record June 30 Note:the companys full name is American Federal Savings and Loans Association of Colorado Reuter | AMERICAN FEDERAL SAVINGS <AFSL.O> QTLY DIV |
More U.K. Lenders are offering homebuyers fixed interest rate mortgages under which the borrower makes the same monthly payment no matter what happens to other interest rates. And with mortgage rates now at their lowest levels in years the loans have been snapped up by eager home buyers trying to lock into cheap money.... | U.K. LENDERS OFFER MORE FIXED RATE MORTGAGES |
Qtly div 8.5 cts vs 8.5 cts Pay August five Record July 20 NOTE: Full company name is Federated Financial Savings and Loan Association. Reuter | FEDERATED FINANCIAL <FEDF.O> SETS REGULAR DIV |
Texaco Incs Texaco Canada said it will raise postings for its Edmonton/Swann Hills crude by 24 canadian cts a barrel effective June 20. The company said the new posting for Edmonton/Swann Hills will be 25.60 dlrs a barrel. The price hike follows a round of crude oil price increases started late June 17 by Sun Co. The o... | TEXACO <TXC> CANADA TO RAISE CRUDE OIL POSTINGS |
Qtly div 25 cts vs 22 cts prior qtr Pay 20 July Record 30 June Reuter | ALLIANCE FEDERAL CORP <ALFL.O> HIKES DIVIDEND |
Activision said it has released a new version of Paintworks Plus a creativity and self-expression program called Version 1.01. The new version for use on the Apple Computer Inc <AAPL.O> Apple IIGS includes a variety of features and functions not incorporated in the original program Activision said. The company added... | ACTIVISION <AVSN.O> RELEASES ENHANCED PROGRAM |
Qtly div 10 cts vs 10 cts prior qtr Pay 1 September Record 6 August Reuter | ILLINOIS TOOL WORLS INC <ITW> VOTES DIVIDEND |
Qtly div five cts vs five cts prior Pay July 15 Record June 30 Reuter | UNIVERSITY BANK AND TRUST CO <UBTC.O> DIVIDEND |
Norways central bank reserves totalled 73.71 billion crowns in May against 76.06 billion in April and 95.02 billion in May 1986 the Central Bank said in its monthly report. Foreign exchange reserves totalled 70.3 billion crowns compared with 68.4 billion in April and 88.0 billion a year ago. Gold reserves were unchange... | NORWEGIAN CENTRAL BANK RESERVES FALL IN MAY |
Rising water levels on the Rhine caused by heavy rain are delaying an operation near Karlsruhe to raise two sunken boats which have blocked the rivers main navigation channel since early last week a Karlsruhe water authority spokesman said. He said two floating cranes were unable to begin lifting the sunken tug Orinoko... | HIGH WATER EXTENDS RHINE RIVER BLOCKAGE |
Dutch public authorities are on course to meet the 1987 public sector deficit target of 7.9 pct of net national income (NNI) despite excess spending by the central government according to a leaked official report. The so-called Spring Report giving latest revenue and expenditure figures and to be discussed by the Dutch... | DUTCH TO MEET 1987 PUBLIC SECTOR DEFICIT TARGET |
The Federal Reserve is likely to add temporary reserves to the banking system this morning by executing system repurchase agreements economists said. The Fed faces a need to add a large volume of reserves this statement period to offset a drain caused by rising Treasury balances at the Fed after the June 15 tax date. M... | FED EXPECTED TO ARRANGE SYSTEM REPURCHASES |
GREYHOUND LINES AGREES TO ACQUIRE REMAINING ROUTES OF TRAILWAYS CORP | |
Ford Motor Land Development Corp a wholly owned real estate subsidiary of Ford Motor Co said it will build a 48000 square foot facility for (Tokico America Inc) in return for a long-term lease. Terms were not disclosed. Tokico an automotive parts and robotics supplier is a subsidiary of (Tokico Ltd) of Japan. Ford said... | FORD <F> UNIT TO BUILD PLANT FOR TOKICO |
Standard and Poors Corp said it withdrew the ratings on Caesars World Inc and unit Caesars World Finance Corp. The action affects 230.8 mln dlrs of debt. Withdrawn were Caesars Worlds BB senior debt and B-plus subordinated debt and the units B-plus subordinated debt. S and P said these issues are expected to be refinan... | S/P WITHDRAWS RATINGS ON CAESARS WORLD <CAW> |
Mthly div 3.9543 cts vs 3.4261 cts last month Payable July 15 Record June 30 Reuter | SAN JUAN BASIN ROYALTY TRUST <SJT> DIVIDEND |
MAY DEPARTMENT STORES SEES RECORD SALES, PROFITS FOR YEAR | |
The New York Stock Exchange said Tesoro Petroleum had replied that it did not comment on unusual market activity or rumors when asked by the NYSE about the companys stock rise. The NYSE said it had asked the company to issue a public statement indicating whether there are any corporate developments that may explain the... | NYSE SEEKS COMMENT FROM TESORO PETROLEUM <TSO> |
<Greyhound Lines> said it agreed to acquire the routes of <Trailways Corp>. Greyhound said it had petitioned the Interstate Commerce Commission for authority to acquire and operate Trailways routes 450 of its 1200 buses and some of its terminals and garages. Trailways has abandoned all service in seven states in ... | GREYHOUND AGREES TO ACQUIRE TRAILWAYS ROUTES |
Mthly div 3.8784 cts vs vs 4.3742 cts prior Pay July 15 Record June 30 Reuter | PERMIAN BASIN ROYALTY TRUST <PBT> DIVIDEND |
The American Stock Exchange said it has started trading the common stock of Sherwood Group Inc which went public today. Reuter | AMEX STARTS TRADING SHERWOOD GROUP <SHD> |
Spains socialist government is aiming to restore confidence of foreign banks in its power generation sector by pushing through a complete reform of the industrys tariff structure a senior government official said. Most foreign banks have been refusing to extend fresh loans to the mainly privately-owned sector since Fue... | SPAIN PLANS TARIFF OVERHAUL FOR POWER UTILITIES |
Standard and Poors Corp said it affirmed the ratings on 500 mln dlrs of debt of PNC Funding Corp a unit of PNC Financial Corp. Affirmed were PNC Fundings AA-plus senior debt and A-1-plus commercial paper. Also affirmed were the parents AA preferred stock and the AA-plus/A-1-plus certificates of deposit of Pittsburgh Na... | PNC FINANCIAL <PNCF.O> UNIT AFFIRMED BY S/P |
Tunisia has bought 150000 tonnes of French soft wheat for August to December shipment at 76.70 dlrs per tonne fob with COFACE export credit trade sources said. This is the second French soft wheat export sale for the 1987/88 season which starts on July 1 and follows a Brazilian purchase of 150000 tonnes. France sold ar... | TUNISIA BUYS 150,000 TONNES FRENCH WHEAT |
<Medford Savings Bank> said it received Federal Reserve Board approval to form a bank holding company. It said the holding company to be known as Regional Bancorp Inc will acquire all outstanding common shares of Medford Savings with one share of Medford Savings being converted into one share of Regional. Medford Sa... | MEDFORD SAVINGS APPROVED TO FORM HOLDING CO |
Virtusonics Corp said it extended to July 31 the period to exercise its outstanding warrants at 1.5 cts a share. The company on June 18 said it had reduced the exercise price of its warrants from 2.5 cts a common share for the period June 22 to July 22. Reuter | <VIRTUSONICS CORP> EXTENDS EXERCISE PERIOD |
Qtly div 50 cts vs 50 cts prior Pay Aug 14 Record July Eight NOTE: Partnership said it expects none of its common or preference dividends this year to be taxable. Reuter | MESA LIMITED PARTNERSHIP <MLP> SETS QUARTERLY |
Spectramed Inc said an initial public offering of 3640000 common shares is underway at 11 dlrs a share through underwriters led by Alex. Brown and Sons Inc <ABSB.O> and PaineWebber Group inc <PWJ>. Reuter | SPECTRAMED INITIAL OFFERING UNDERWAY |
Banque Arabe et Internationale dInvestissement (BAII) will issue a one billion franc non-callable pre-placed bond in three tranches on July 8 lead manager Banque Nationale de Paris (BNP) said. Banque Indosuez will manage the 200 mln franc A tranche issued at par with a life of nine years paying interest based on the an... | BAII DETAILS ONE BILLION FRANC DOMESTIC BOND |
Federated Financial Savings and Loan Association said per share earnings in fiscal 1987 ending September 30 will be reduced by about 16 cents a share due to the write-off of its secondary reserve with the Federal Savings and Loan Insurance Corp. The company did not specify the amount to be written off in the current ye... | FEDERATED FINANCIAL <FEDF.O> SEES LOWER PROFITS |
Finance Minister Mark Eyskens is proposing a package of personal income tax cuts worth 102.1 billion francs that would apply from 1989 a finance ministry spokesman said. The package one of 11 possible tax reform scenarios drawn up by government officials is expected to be discussed by ministers in the coming weeks so t... | EYSKENS WANTS 102.1 BILLION FRANC BELGIAN TAX CUTS |
International Design Group inc said holders of record on June 26 will receive rights to purchase two units at 10 cts each for each common share held. Each unit consists of one common share and one five-year warrant to buy one common share at 15.625 dlrs. Reuter | <INTERNATIONAL DESIGN GROUP INC> TO OFFER RIGHTS |
Qtly div 20 cts vs 21 cts prior Pay July 31 Record July 1 NOTE: Partnership does not pay at regular rate. Reuter | NVHOMES LP <NVH> SETS LOWER DIV |
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