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May 31 end Shr 27 cts vs 14 cts Net 5664000 vs 2812000 Revs 68.2 mln vs 54.7 mln Avg shrs 21254054 vs 20167714 NOTE: First quarter report Reuter | HOVNANIAN ENTERPRISES INC <HOV> QTR EARNINGS |
Apollo Computer Inc said the price cuts announced earlier today on its Domain Series 3000 computer workstations average 35 pct to 50 pct. An Apollo spokesman said the cuts bring prices to under 5000 dlrs for some Series 3000 models. In addition to reducing prices the company said it added new monochrome and color model... | APOLLO <APCI.O> CUTS WORKSTATION PRICES |
Qtly div 6.25 cts vs 6.25 cts prior Pay Oct 2 Record Sept 1 (Corrects amount of qtly div in item that ran on Friday Jan 26) Reuter | <CORRECTED> - GENERAL INSTRUMENT CORP <GRL> DIVI |
FED APPROVES CITICORP PURCHASE OF SOME ASSETS OF SEARS CALIF. THRIFT | |
Health and Rehabilitation Properties Trust said it reached an understanding to purchase three nursing facilities in Mass. and Conn. for 29 mln dlrs from Greenery Rehabilitation Group Inc <GRGI.O>. The buildings will be leased back to Greenery for an initial term of seven years subject to renewal options for an addit... | HEALTH PROPERTIES <HRP> TO BUY PROPERTIES |
U.S. car production is scheduled to drop by 10.4 pct to about 1.47 mln in the third quarter from last years 1.63 mln as domestic automakers react to a drop in sales from last years record levels a trade paper said. Automotive News said General Motors Corp has slashed its planned car output by 12.6 pct from last years t... | U.S. CAR OUTPUT SEEN FALLING IN THIRD QUARTER |
The U.S. Environmental Protection Agency said it denied a request by Wheeling-Pittsburgh Steel Corp that it be allowed to continue to operate the Follansbee W. Va. sinter plant while court-ordered pollution control equipment is installed. The EPA said that since the original consent decree with the company was signed i... | EPA DENIES WHEELING-PITTSBURGH <QWHX> REQUEST |
BANK OF NEW YORK ADDS 135 MLN TO LOAN LOSSES, SEES SECOND QUARTER LOSS | |
BSN Corp said it holds less than five pct of MacGregor Sporting Goods. The company said the stock was acquired through recent open market purchases and the stake does not require specific disclosure. Reuter | BSN <BSN> BUYS STAKE IN MACGREGOR <MGS> |
Vernitron Corp said it has set a new record date for shareholders entitled to vote on the proposed merger of Vernitron Corp with SB Holding Corp for July 10. Vernitron which manufactures electromechanical components and related products and services said it expects that a special meeting of shareholders will be held in... | VERNITRON <VRN> SETS RECORD DATE FOR MERGER VOTE |
The U.S. League of Savings Institutions said it has launched a program to bolster the liquidity of some savings and loan institutions and reduce their dependency on high interest rate deposits. A spokesman for the league said 48 institutions have committed 340 mln dlrs to the program and estimated that the program woul... | SAVINGS INSTITUTION TO HELP AILING THRIFTS |
The Federal Reserve Board said it approved Citicorps application to purchase through its subsidiary Citicorp Savings of Oakland Calif. some assets and assume some liabilities of Sears Savings Bank of Glendale Calif. Citicorp Savings proposed to assume two billion dlrs in deposits and other liabilities and to purchase 1... | FED ALLOWS CITICORP <CCI>, SEARS <S> THRIFT DEAL |
Loral Corp said its Loral Defense Systems won a 29.4-mln-dlr contract with the U.S. Air Force to build 17 advanced transportation and handling sytems. The systems the company said will help extend the life and effectiveness of the Minuteman Intercontinental Ballistic Missile. The systems are scheduled for delivery from... | LORAL CORP <LOR> AWARDED AIR FORCE CONTRACT |
National Patent Development Corp and Bar-Ilan University of Israel said that their joint venture corporation Scientific Testing Inc will begin a clinical trial in the U.S. of its immuno-augmenting compound AS101 for the treatment of Acquired Immune Deficiency Syndrome (AIDS). The study will be conducted at the Institut... | NATIONAL PATENT <NPD> TO START AIDS DRUG TRIAL |
ICN Pharmaceuticals Inc said it purchased the remaining 225000 shares of Viratek Inc <VIRA.O> owned by Eastman Kodak Co owned as part of a previously announced program. The company said it paid Kodak 10.50 dlrs a share or 2.4 mln dlrs. As previously announced ICN also said it authorized the additional purchase of up... | ICN <ICN> BUYS STAKE FROM EASTMAN KODAK <EK> |
The World Bank said it approved two loans to Mexico totalling 205 mln dlrs to provide financial assistance to industrial companies and finance a project dealing with agricultural extension services. Mexicos Nacional Financiera (NF) the recipient of both loans will receive 185 mln dlrs to be used to provide long-term cr... | MEXICO GETS 205 MLN DLRS IN WORLD BANK LOANS |
Intel Corp said it has signed a letter of intent with privately-held Silicon Compiler Systems Corp under which Intel will become a value-added silicon vendor for integrated circuits designed with Silicon Compilers GENESIL silicon compilation system. Under the proposed pact Intel would provide initial silicon foundry se... | INTEL <INCT.O> SETS PACT WITH SILICON COMPILER |
The World Bank said it has loaned Turkey 325 mln dlrs to help support an energy sector reform program. The loan-supported program hopes to reduce the extensive public sector involvement in the countrys energy production and supply the bank said. The loan is for 17 years including four years of grace with a variable int... | WORLD BANK LOANS TURKEY 325 MLN DLRS |
The Reagan Administration is discussing a deal with Cairo under which Egypt would build the U.S. M-1A1 battle tank a high-speed weapon packed with laser and other technology Pentagon officials said. But they denied a Washington Post report that the Administration has already approved a production license which would en... | PENTAGON SAYS NO DECISION YET ON EGYPT TANK DEAL |
Oper shr 50 cts vs 40 cts Oper net 20.8 mln vs 16.4 mln Revs 531.7 mln vs 418.7 mln NOTE: 1987 1st quarter net excludes a gain of 47.1 mln dlrs or 1.14 dlrs a share for discontinued operations. Reuter | RITE AID CORP <RAD> 1ST QTR MAY 30 |
Telequest Inc said Henry Marcheschi its chairman and president resigned for health reasons. Executive vice president Robert Lee was elected president and chief executive to succeed Marcheschi the company said. Reuter | TELEQUEST <TELQ.O> CHAIRMAN RESIGNS |
Maxtor Corp said it bought privately-held Storage Dimensions Inc for an undisclosed sum. The company said Storage Dimensions incorporates Maxtors high-capacity 5-1/4-inch Winchester and optical disk drives into a family of data storage subsystems for IBM PCs XTs ATs and compatibles. Storage Dimensions is the creator or... | MAXTOR CORP <MXTR.O> BUYS PRIVATE FIRM |
Shr 19 cts vs seven cts Net 936000 vs 351000 Revs 153.3 mln vs 145 mln Reuter | SUPER RITE FOODS INC <SRFI.O> 1ST QTR MAY 30 |
The board of directors of the last entirely private Uruguayan bank La Caja Obrera has approved its merger with a state-owned bank due to a severe financial crisis a bank statement said. It said the Caja Obrera would merge with the Banco Pan de Azucar. The move was decided by the board of the Banco de la Republica the s... | LAST PRIVATE URUGUAYAN BANK MERGES WITH STATE BANK |
Baxter Travenol Laboratories Inc General Electric Co unit GE Information Services and <Premier Hospital Alliance> said they developed a computer purchasing system for the health care industry. They said the system known as ASAP Express removes the need to have a different computer system for each vendor and will str... | BAXTER <BAX> AND GE <GE> DEVELOP VENDOR SYSTEM |
SEC CHARGES CAMPEAU'S ALLIED STORES WITH DISCLOSURE VIOLATIONS IN RECENT TAKEOVER | |
General Motors Corps German subsidiary Adam Opel AG had a first half profit after three years of losses the trade paper Automotive News said. The paper quoted Opel chairman Horst Herke as saying the unit will earn at least 100 mln marks in 1987 after losing 141.5 mln marks in 1986. In the first six months of this year ... | GM'S <GM> OPEL UNIT HAD 1ST HALF PROFIT - PAPER |
Pre-Paid Legal Services Inc said its management knows of no developments to account for unusually heavy trading in the companys stock. The company said it was responding to inquiries regarding recent activity of its common on the American Stock Exchange. In early afternoon trading the stock was down 1-7/8 to 5-1/8 on a... | PRE-PAID LEGAL <PPD> HAS NO REASON FOR TRADING |
A group of companies controlled by Brookehill Partners Inc told government authorities it may support a buyout of Cardis Corp as a way to maximize the value of the companys stock. In a filing with the Securities and Exchange Commission the group disclosed that it currently holds a 5.5 pct stake in Cardis common stock a... | GROUP MAY SUPPORT CARDIS CORP <CDS> BUYOUT |
Bank of New York Co Inc said it expects a second quarter loss of 35 mln dlrs. The company said this is partly due to an addition of 135 mln dlrs to its loan loss allowance. The 135 mln dlr addition to its loan loss allowance which is expected to be 400 mln dlrs on June 30 is in recognition of recent international debt ... | BANK OF NEW YORK <BK> SEES 2ND QTR LOSS |
Moodys Investors Service Inc said it may downgrade 1.3 billion dlrs of debt of Public Service Company of New Hampshire. Under review are B-1 first mortgage bonds B-2 refunding mortgage bonds B-3 third mortgage and secured pollution control revenue bonds Caa debentures and preferred stock. Moodys cited an uncertain abil... | MOODY'S MAY DOWNGRADE P.S. NEW HAMPSHIRE <PNH> |
The World Bank said it approved two loans to Mexico totalling 205 mln dlrs to provide financial assistance to industrial companies and finance a project dealing with agricultural extension services. Mexicos Nacional Financiera (NF) the recipient of both loans will receive 185 mln dlrs to be used to provide long-term cr... | MEXICO GETS 205 MLN DLRS IN WORLD BANK LOANS |
BANK OF NEW YORK ADDS 135 MLN TO LOAN LOSSES, SEES SECOND QUARTER LOSS | |
U.S. House Speaker Jim Wright said he would question President Reagan tomorrow about his plan to protect Kuwaiti oil tankers with U.S. warships from attacks by Iran in the Gulf. House and Senate Democrats who control Congress have been critical of Reagans plan but have not decided how or if they should try to pass legi... | U.S.CONGRESSMAN TO SEE REAGAN ON GULF REFLAGGING |
GenRad Inc said it has introduced the HITEST test generation system. The company said HITEST takes a modular approach to test generation using a set of interactive software tools that automate many parts of the test generation process. HITEST runs on Digital Equipment Corp <DEC> VAX and MicroVax computers and is pri... | GENRAD <GEN> INTRODUCES TEST SYSTEM |
Caremark Inc and Baxter Travenol Laboratories Inc jointly announced that Caremark shareholders will vote on July 31 to approve the previously announced merger with Baxter. The companies said Caremark shareholders of record as of June 26 will be entitled to vote at the meeting to be held in Newport Beach Calif at 1000 P... | CAREMARK <CMRK.O> TO VOTE BAXTER <BAX> MERGER |
State merchant bank Mediobanca Spa <MDBI.MI> said an Italian banking consortium has arranged 100 mln dlrs in financing for Banque Exterieure dAlgerie. Mediobanca said in a statement that the financing was part of an accord reached last March between Italy and Algeria which agreed 300 mln dlrs of financing for Italia... | ITALIAN BANKS PROVIDE FINANCING TO ALGERIAN BANK |
The Securities and Exchange Commission charged Allied Stores Corp with failing to promptly disclose key steps it was taking last September to thwart a takeover attempt by Campeau Corp. In an administrative complaint the SEC said Allied and its legal adviser failed to promptly inform shareholders and the agency that it ... | SEC SAYS CAMPEAU UNIT VIOLATED DISCLOSURE RULES |
Shr 31 cts vs n/a Net 671000 dlrs vs 1256000 dlrs Year Shr 1.85 dlrs vs n/a Net four mln dlrs vs 2.8 mln dlrs Assets 426.4 mln dlrs vs 334.1 mln dlrs Deposits 323.1 mln dlrs vs 277.2 mln dlrs Loans 335.9 mln dlrs vs 254.9 mln dlrs Note:the company does not give 1986 per share earnings as it converted from a mutual savi... | GREAT COUNTRY BANK <GCBK.O> YEAR MAY 31 NET |
Allied-Signal Inc said it completed the sale seven businesses in its electronics and instrumentation sector for 1.8 billion dlrs in cash and in debt assumed by the purchasers. The company said last December its would sell the units by mid 1987. It did not identify the buyers. The company said the proceeds will be used ... | ALLIED-SIGNAL <ALD> COMPLETES UNIT SALES |
Cycare Systems Inc an information processing systems company said it purchased the assets of Control Data Corps MedTec unit for undisclosed terms. MedTec is a provider of patient accounting and scheduling systems for large scale group medical practices. Reuter | CYCARE <CYCR.O> BUYS CONTROL DATA <CAD> UNIT |
U.S. Minerals Exploration Co said it and Pegasus Gold Inc <PGUL.O> of Spokane Wash officially commissioned a new gold zinc and lead producing mine. U.S. Minerals said the new Montana Tunnels Mine near Helena Mont is expected to reach full production in August 1987. U.S. Minerals said the mine is designed to operate ... | U.S. MINERALS <USMX.O> COMMISSIONS NEW GOLD MINE |
Mitsubishi Motor Sales of America Inc said it is raising car prices by an average 1.8 pct or 227 dlrs and truck prices by 1.6 pct or 150 dlrs because of the continued strength of the Japanese yen against the U.S. dollar. The company also said the price for its Montero sport/utility vehicle will be increased by 1.5 pct ... | MITSUBISHI RAISES CAR/TRUCK PRICES IN U.S. |
Becor Western Inc said no business will be transacted at the shareholders meeting scheduled for 1000 CDT tomorrow and the meeting will be permanently adjourned. If a definitive agreement or transaction results from any of the offers now pending for the companys stock Becor said a date for a new shareholders meeting wil... | BECOR <BCW> TO ADJOURN DELAYED HOLDERS MEETING |
Universal Communication Systems Inc said it has tentatively agreed to sell substantially all its assets for about 79 mln dlrs in cash and notes plus limited profit participation. The company said the terms of the sale have been approved by its board and by Prime Motor Inns Inc <PDQ> owner of about 84 pct of Universa... | UNIVERSAL COMMUNICATION <UCS> TO SELL ASSETS |
U.S. TO END TAX TREATY WITH NETHERLANDS ANTILLES JANUARY 1, 1988, TREASURY SAYS | |
Union Enterprises Ltd said its agreement to sell its interest in Canbra Foods Ltd to Macluan Capital Corp has been terminated. Union said Macluan failed to make an offer for Unions 72 pct interest in Canbra before the June 22 deadline. Union said it is no longer bound by the agreement and is continuing to seek a buyer ... | UNION <UEL.TO> ENDS PACT TO SELL CANBRA <CBF.TO> |
PepsiCo Incs Pepsi-Cola USA said it named privately owned Lockhart and Pettus Inc of New York to handle its advertising and promotion to Black consumers. Pepsi-Cola USA said it is the second major new account for Lochart and Pettus in as many weeks. Earlier this month Chrysler Motors Corp named the agency to handle its... | PEPSI <PEP> NAMES NEW AD AGENCY FOR BLACK MARKET |
Unicorp American Corp <UAC.A> said it will take an after-tax gain in the second quarter of 1.5 mln dlrs from the sale of three properties in the Boston area. It said the properties were sold for aggregate proceeds of about 6.3 mln dlrs. Reuter | UNICORP <UAC> POSTS GAIN ON PROPERTY SALE |
Molex Inc said it signed a distribution and share-purchase agreement with Dubilier PLC of Abingdon Oxon England. Under the agreement Molex will sell Dubiliers products worldwide and receive 2.1 mln ordinary shares in Dubilier at a price of two British pounds or 3.22 U.S. dlrs a share. The shares which represent 6.39 pc... | MOELX <MOLX.O>, <DUBILIER PLC> SIGN AGREEMENT |
SSMC Inc said it has executed a letter of understanding to acquire the Parts Catalog Division of <Cutters Exchange Inc> for an undisclosed amount. SSMC spun off from the Singer Co <SMF> a year ago said that the Parts Catalog Division wholesales parts and needles to the industrial sewing trade in the U.S. Under th... | SSMC <SSM> TO BUY CUTTERS EXCHANGE DIVISION |
<SunRiver Corp> a Jackson Miss.-based computer products company said it introduced the first line of computer workstations designed to be connected with powerful personal computers over fiber-optic cable. The privately held company said up to 16 of its new Cygna 386 workstations can attach to a PC based on Intel Cor... | SUNRIVER INTRODUCES NEW WORKSTATIONS |
The Treasury Department said it notified the Netherlands that it was terminating the 1948 income tax treaty as it applies to the Netherlands Antilles and Aruba. The termination is effective January 1 1988 the Treasury said in a two-sentence announcement. The Treasury decided to end the treaty after negotiations between... | U.S. TO END NETHERLANDS ANTILLES TAX TREATY |
Westinghouse Electric Corp took over operations of several facilities at the U.S. Department of Energys Hanford Nuclear Reservation near Richland Wash the DOE said. It said that Westinghouse replaces Rockwell International and UNC Nuclear Inc who have been criticized by the state of Washington the federal government an... | WESTINGHOUSE <WX> TAKES OVER NUCLEAR PLANT |
Eldon Industries Inc expects a record July 12 second quarter Chairman Robert Silverstein told the New York Society of Security Analysts. The companys previous best second quarter was the period ended July 12 1986 when Eldon had earnings of 1353000 dlrs or 31 cts a share on sales of 20.7 mln dlrs. Silverstein said If th... | ELDON INDUSTRIES <ELD> SEES RECORD 2ND QTR NET |
<Westland Group Plc> said it signed a 40 mln stg five-year unsecured syndicated bond and guarantee facility. In a prepared statement it said the facility would support future sales particularly of helicopters and would be extendable annually on an evergreen basis. The facility also could be used to guarantee down pa... | WESTLAND GETS 40 MLN STG FINANCING FACILITY |
Moodys Investors Service said it affirmed Greyhound Corps Baa-2 subordinated debt rating and Prime-2 commercial paper rating. Some 160 mln dlrs of long-term debt is affected. Moodys said Greyhounds debt had been under review for possible downgrade since May when it agreed to acquire the in-flight catering and airport t... | GREYHOUND CORP <G> DEBT AFFIRMED BY MOODY'S |
Carolco Pictures Inc said it signed a letter of intent to exchange 2.2 mln of its shares for all Orbis Communications Inc stock within the next 60 days. It said the Carolco shares used in the exchange are valued at 7.00 dlrs a share or a total value of 15.4 mln dlrs and will be adjusted based on the price of Carolco sh... | CAROLCO PICTURES <CRC>, ORBIS IN AGREEMENT |
The Paris-based Intergovernmental Council of Copper Exporting Countries (CIPEC) is closely studying the current backwardation in world copper market prices but does not envisage taking corrective action at present CIPEC sources here said. The organisations executive and marketing committees reviewed the current market ... | CIPEC STUDYING COPPER MARKET BACKWARDATION |
Premdor Inc a wooden door manufacturer said employees at its Ellesmere Road plant in Toronto rejected a tentative contract agreement reached Saturday and this morning went on strike. It said the employees narrowly rejected the agreement reached with the United Brotherhood of Carpenters and Joiners of America. The compa... | PREMDOR (PDI.TO) TORONTO WORKERS ON STRIKE |
Health and Rehabilitation Properties Trust said it has reached an understanding to purchase three skilled nursing facilities in Massachusetts and Connecticut for 29 mln dlrs and lease them back to Greenery Rehabilitation Group Inc <GRGI.O> of Cambridge Mass. Health and Rehabilitation Properties said The facilities a... | HEALTH AND REHABILITATION <HRP> BUYS FACILITIES |
Shr loss 26 cts Net loss 1277737 Revs 3.7 mln Note: full name Canadian Home Shopping Network Ltd. Period ended April 30 was companys first quarter of operations. Reuter | CANADIAN HOME SHOPPING (CWS.TO) 1ST QTR LOSS |
Finance Minister Michael Wilson announced amendments to Canadas revolving standby credit facility with a group of Canadian banks to provide more favorable terms including a reduced commitment fee and lower-cost borrowing options. The size of the facility has also been reduced to three billion dlrs U.S. from 3.5 billion... | CANADA SETS NEW STANDBY CREDIT FACILITY |
Finlands state-owned mining company Outokumpu Oy said in a statement it was entering Spanish markets as a shareholder in Iberica del Cobre S.A. a manufacturer of copper products. Outokumpu will acquire 21 pct of the shares in the Spanish company and a company will be set up as an agent for Outokumpu Spain. The deal awa... | OUTOKUMPU IN COPPER DEAL WITH IBERICA DEL COBRE |
Period ended May 31 Oper shr 31 cts vs 29 cts Oper net 552035 vs 525729 Sales 36.7 mln vs 29.1 mln Nine mths Oper shr 1.08 dlrs vs 1.04 dlrs Oper net 1931488 vs 1864075 Sales 104.9 mln vs 87.6 mln NOTE: 1986 period ended June One NOTE: Earnings exclude gain on disposal of discontinued operations of 162000 dlrs or nine ... | CONCORD FABRICS INC <CIS> 3RD QTR OPER NET |
Period ended May 31 Shr 1.81 dlrs vs 1.45 dlrs Net 113752000 vs 90902000 Revs 1.12 billion vs 1.20 billion NOTE: Full name is General Public Utilities Corp Reuter | GENERAL PUBLIC UTILITIES <GPU> FIVE MTHS NET |
VMX Inc said it has introduced three new voice messaging capabilities called Host Data Link Auto Scheduler and User Changeable Voice Codes. The company said Host Data Link and Auto Scheduler streamline and automate reporting functions while User Changeable lets individual users create and update their own group codes f... | VMX <VMXI.O> UNVEILS NEW VOICE MESSAGING TOOLS |
Year ended March 31 Shr loss three cts vs profit 10 cts Net loss 58285 vs profit 182039 Sales 3857122 vs 3188555 Avg shrs 2108080 vs 1891250 Reuter | COMTREX SYSTEMS CORP <COMX.O> YEAR LOSS |
Mthly div 3.6 cts vs 3.6 cts last month Payable July 14 Record July 1 Reuter | <FRANKLIN AGE HIGH INCOME FUND> dividend |
Mthly div 5.8 cts vs six cts last month Payable July 14 Record July 1 Reuter | <FRANKLIN U.S. GOVERNMENT SECURITIES FUND>PAYOUT |
Mthly div 4.5 cts vs 4.5 cts last month Payable July 14 Record July 1 Reuter | <FRANKLIN CALIFORNIA TAX-FREE INCOME FUND>PAYOUT |
Mthly div 7.3 cts vs 7.3 cts last month Payable July 14 Record July 1 Reuter | <FRANKLIN NEW YORK TAX-FREE INCOME FUND> PAYOUT |
Qtly div 20 cts vs 20 cts prior Pay July 24 Record July 10 Reuter | STANDARD PRODUCTS CO <SPD> REGULAR DIVIDEND |
Seton Co said its board of directors unanimously approved an agreement and plan of merger providing for the merger of Seton with a unit of S Acquisition Corp a New Jersey company. Seton said its board of directors unanimously approved the merger in a meeting held today. Seton said the agreement and plan of merger provi... | SETON <SEL> DIRECTORS APPROVE MERGER AGREEMENT |
Anglo American Corp of South Africa Ltd. <ANGL.J> has attacked a key apartheid law barring blacks from living in white residential areas as racially discriminatory and economically wasteful. The Group Areas Act was also a misuse of resources the South African economy can no longer sustain the directors said in the a... | ANGLO AMERICAN ATTACKS KEY APARTHEID LAW |
The central state owned Bank of Greece said a consortium of Japanese banks will lend it 20 billion yen for use in the public sector. The Bank said in a statement the loan will be for 10 years with a five year grace period. The first five years of the loan will have a fixed interest rate slightly above the long term pri... | JAPANESE BANKS LEND 20 BILLION YEN TO GREECE |
Di Giorgio Corp said it plans to respond to an unsolicited recapitalization plan proposed by Gabelli and Co Inc after the company its board and its investment bankers evaluate the proposal. Earlier Gabelli said in a filing with the Securities and Exchange Commission that it holds a 28.5 pct stake in DiGiorgio and that ... | DI GIORGIO <DIG> TO EVALUATE GABELLI OFFER |
Nec Electronics Inc said the U.S. Ninth District Circuit Court of Appeals has agreed to hear the companys petition seeking the disqualification of the judge presiding over its lawsuit against Intel Corp <INTC.O>. In granting the hearing the court directed Intel to respond to the NEC petition by July 16 NEC said. The... | COURT TO HEAR NEC LAWSUIT PETITION |
International Banknote Co Inc said it accepted for exchange 3484000 dlrs principal amount of its 10-1/4 pct subordinated debentures due Aug 1 1998. It said the exchange was part of its offer which expired June 26. Reuter | INT'L BANKNOTE <IBK> EXCHANGES DEBENTURES |
Gunnar Gold Inc said it and Mill City Gold Inc signed an option and joint venture agreement with Tyranex Gold Inc on the Tyranite gold property in Ontario. Gunnar said it and Mill City can earn a 50 pct interest in Tyranexs option to buy the Tyranite gold mine by spending up to five mln dlrs on exploration development ... | GUNNAR GOLD (GGG.TO) IN VENTURE AGREEMENT |
Shr 19 cts vs 16 cts Net 502000 vs 401000 Revs 8791000 vs 6650000 Six mths Shr 38 cts vs 29 cts Net 989000 vs 745000 Revs 16.3 mln vs 12.5 mln Reuter | DATA ARCHITECTS INC <DAI> 2ND QTR MAY 31 NET |
Control Data Corp said the Aeronautical Systems Division of the U.S. Air Force awarded it a 13.7 mln dlr contract to provide a Central Datacomm System. It said the system will act as the central interface between numerous user organizations and the divisions Information Systems and Technology Center at Wright-Patterson... | CONTROL DATA <CDA> GETS 13.7 MLN DLR CONTRACT |
TeleQuest Inc said that Henry Marcheschi president chairman and ceo of the company has resigned for health reasons. The board of directors has elected Robert Lee a co-founder of the company and former executive vice president of manufacturing and engineering as president and chief executive officer the company said. Ma... | TELEQUEST INC <TELQ.O> PRESIDENT RESIGNS |
The American Hospital Association said the best way to prevent the spread of AIDS to hospital workers is for workers to wear protective clothing rather than through routine tests of all hospital patients for the disease. The non-profit advocacy organization which represents hospitals and patients recommended that hospi... | HOSPITAL GROUP IS AGAINST MANDATORY AIDS TESTING |
Consumer countries should not intervene in the distribution of coffee export quotas Brazilian Coffee Institute president Jorio Dauster said. Distribution of export quotas should be in the hands of producers as has been traditional Dauster a delegate at the recent coffee symposium here told journalists. When consumers w... | DAUSTER SAYS CONSUMERS SHOULD KEEP OUT OF QUOTAS |
Gunnar Gold Inc said it and Mill City Gold Inc signed an option and joint venture agreement with Tyranex Gold Inc on the Tyranite gold property in Ontario. Gunnar said it and Mill City can earn a 50 pct interest in Tyranexs option to buy the Tyranite gold mine by spending up to five mln dlrs on exploration development ... | GUNNAR GOLD IN VENTURE AGREEMENT |
Crown Crafts Inc said it expects to report record sales and earnings for the June 28 first quarter. The company said its prior record sales quarter was the second quarter of fiscal 1987 with sales of 15097000 dlrs. Its prior record net earnings and primary earnings per share of 877000 dlrs or 1.15 dlrs a share were ach... | CROWN CRAFTS <CRW> SEES RECORD 1ST QTR RESULTS |
British Petroleum Company PlC <BP.L> has completed its merger with Standard Oil Co of the U.S. <SRD> raising its holding to 100 pct from 55 pct BP said in a statement. The acquisition was made through BPs wholly-owned subsidiary <BP America Inc>. BP took a 25 pct stake in Standard in 1970 raising its stake to ... | BRITISH PETROLEUM COMPLETES STANDARD OIL MERGER |
Getty Resources Ltd said it completed its previously announced sale of 9.8 mln dlrs worth of subordinated notes convertible into 930000 common shares of the company at 10.50 dlrs each. Getty said it plans to file a prospectus with the Ontario Securities Commission and will be able to force conversion of the notes into ... | GETTY RESOURCES (GEY.TO) COMPLETES FINANCING |
Shr loss four cts vs loss seven cts Net loss 267000 vs loss 445000 Revs 6407000 vs 7428000 NOTE: Full name is Thor Energy Resources Inc Reuter | THOR ENERGY RESOURCES <THR> YEAR JAN 31 LOSS |
American Century Corp said its Commerce Savings subsidiary received 42.8 mln dlrs from the foreclosure of certain properties in Aspen Colo. It said the sum represents the amount Commerce bid for the properties in the April foreclosure sale plus interest. The properties include a hotel and condominium development site t... | AMERICAN CENTURY <ACT> COMPLETES FORECLOSURE |
Jaguar Plc <JAGR.L> will spend about one billion stg over the next six years on expanded production automation and improved efficiency Jaguar chairman Sir John Egan said. He told reporters the company planned to raise production to around 80000 cars a year by 1992 from 47000 this year while productivity was expected... | JAGUAR PLANS ONE BILLION STG OUTLAY |
Oper shr loss 13 cts vs profit three cts Oper net loss 644000 vs profit 184000 Revs 24.9 mln vs 22.1 mln Year Oper shr loss nine cts vs profit 21 cts Oper net loss 429000 vs profit 1123000 Revs 90.8 mln vs 86.5 mln NOTE: Revenues exclude medical publishing and retail operations the company decided to dispose of during ... | HEI CORP <HEIC.O> 4TH QTR MARCH 31 LOSS |
National Broadcasting Co a unit of General Electric Co <GE> said programming has not been affected by a strike which began just after midnight June 28. Right now things are running very smoothly said NBC spokeswoman McClaine Ramsey. The strike by members of the National Association of Broadcast Employees representin... | NBC SAYS PROGRAMMING NOT AFFECTED BY STRIKE |
Qtly div eight cts vs eight cts prior Pay Sept 1 Record Aug 15 Reuter | AFFILIATED PUBLICATIONS <AFP> QUARTERLY DIV |
Standard and Poors Corp said it downgraded 95.9 mln dlrs of debt of Allis-Chalmers Corp. Cut to D from B-minus were the 6.1 pct sinking fund debentures due 1990 and to D from C were the cumulative convertible preferred stock. S and P cited the companys filing for reorganization under Chapter 11 of the federal bankruptc... | ALLIS-CHALMERS <AH> DEBENTURES CUT BY S/P |
Yugoslavia and the United Arab Emirates (UAE) have agreed to initiate efforts to end the Iraq- Iran war UAE Minister of State for Foreign Affairs Rashid Abdulla al-Nuaimi said today on return from Belgrade. We agreed during the talks to initiate efforts to end the Iraq-Iran war call for an international peace conferenc... | YUGOSLAVIA, UAE TO INITIATE EFFORTS TO END GULF WAR |
The American Stock Exchange said 4250000 shares of Uno Restaurant Corp holding company for a chain of 37 pizza restaurants began trading under the symbol UNO. The West Roxbury Mass.-based company previously traded in the NASDAQ National System under the symbol UNOS. Reuter | UNO RESTAURANT <UNO> STOCK TRADES ON AMEX |
U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS, SOYBEANS 8,392 WHEAT 33,641 CORN 33,728 | |
1631.4 Previous - 1614.2 Four weeks ago - 1628.9 Year ago - 1453.8 Reuter | REUTER COMMODITY INDEX - June 29 |
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