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International Business Machines Corp said it and Bell Atlantic Corp agreed to jointly study product opportunities for intelligent network services in the international marketplace. The company said the study will assess the marketplace requirements outside the U.S. for a series of intelligent network voice data and ima...
IBM <IBM>, BELL ATLANTIC <BEL> IN STUDY PACT
Shr primary 1.79 dlrs vs 1.72 dlrs Shr diluted 1.39 dlrs vs 1.34 dlrs Net 12.1 mln vs 11.7 mln Nine mths Shr primary 5.56 dlrs vs 4.41 dlrs Shr diluted 4.30 dlrs vs 3.74 dlrs Net 37.3 mln vs 29.1 mln Assets 3.92 billion vs 3.83 billion Loans 3.05 billion vs 2.99 billion NOTE: 1987 qtr and nine mths includes gain 601600...
AMERICAN SAVINGS BANK FSB <ABNY.O> 3RD QTR NET
The White House reacted calmly to the stock market situation saying there was no crisis atmosphere and no action planned. Spokesman Marlin Fitzwater said he had no information about special White House working groups or other actions that might indicate a feeling of crisis. There is not one he said. He said President R...
NO WHITE HOUSE PANIC ON MARKET, SPOKESMAN SAYS
Baxter Travenol Laboratories Inc said sales of its hospital products and services rose 13 pct to 882 mln dlrs in the 1987 third quarter. The company said medical systems and specialties sales increased six pct to 354 mln dlrs. Alternate site products and services sales rose 13 pct to 261 mln dlrs. Industrial products s...
BAXTER <BAX> REPORTS GAINS IN HOSPITAL PRODUCTS
U.S. BROKER/DEALER H.B. SHAINE AND CO SAID IT HAS CEASED OPERATIONS
A and W Brands Inc said it completed the acquisition of Vernors Inc from United Brands Co &lt;UB> in a cash and stock transaction worth valued at about 10 mln dlrs Reuter
A/W BRANDS <SODA.O> COMPLETES ACQUISITION
BANC ONE CORP 3RD QTR SHR 66 CTS VS 57 CTS
KELLOGG CO 3RD QTR SHR 96 CTS VS 83 CTS
JANNOCK LTD INCREASES QTLY DIVIDEND TO 17 CTS FROM 13 CTS/SHR
Shr 4.77 dlrs vs 1.65 dlrs Net 61.3 mln vs 21.1 mln Revs 312.9 mln vs 291.5 mln Nine mths Shr 9.51 dlrs vs 4.98 dlrs Net 122.3 mln vs 63.9 mln Revs 950.4 mln vs 881.8 mln NOTE: 1987 net in both periods includes gains of 24.2 mln dlrs or 1.88 dlrs a share from sale of interest in Detroit Cellular telephone company and 6...
WASHINGTON POST CO <WPO> 3RD QTR NET
Irans top war spokesman Ali Akbar Hashemi Rafsanjani on Tuesday called the U.S. Attacks on two of its Gulf oil platforms an escalation and promised retaliation. God willing we will carry out our duty in the coming days and make them sorry said Rafsanjani in a speech to Parliament later broadcast by Tehran Radio. The Te...
IRAN LEADER VOWS REVENGE ON US RAID IN COMING DAYS
Shr 66 cts vs 57 cts Net 64.0 mln vs 52.9 mln Nine mths Shr 1.49 dlrs vs 1.64 dlrs Net 142.2 mln vs 153.3 mln Assets 18.04 billion vs 16.63 billion Deposits 13.97 billion vs 12.78 billion Loans 12.54 billion vs 10.81 billion Reuter
BANC ONE CORP <ONE> 3RD QTR NET
U.S. Agriculture Secretary Richard Lyng said he is pleased the European Community plans to offer a global farm reform plan at GATT later this month although the United States opposes key parts of the proposal. Were pleased that they have moved in tabling a proposal. It will help us in getting the negotiations underway ...
LYNG PLEASED EC TO OFFER GATT FARM PROPOSAL
TOYOTA SEES LOWER U.S. SALES IN 1988
Shr 41 cts vs 28 cts Net 66.2 mln vs 41.8 mln Revs 824.1 mln vs 693.3 mln Nine mths Shr 1.50 dlrs vs 87 cts Net 236.1 mln vs 123.8 mln Revs 2.38 billion vs 2.02 billion Reuter
WARNER COMMUNICATIONS INC <WCI> 3RD QTR NET
NEW YORK STATE ELECTRIC AND GAS CORP 3RD QTR SHR 71 CTS VS 78 CTS
Shr 72 cts vs 56 cts Qtly div 18 cts vs 18 cts prior Net 18.7 mln vs 14.4 mln Revs 239.7 mln vs 187.1 mln Nine mths Shr 1.87 dlrs vs 1.26 dlrs Net 48.3 mln vs 32.5 mln Revs 676.9 mln vs 574.8 mln NOTE: Dividend payable December 1 to shareholders of record October 30. Reuter
ARISTECH CHEMICAL CORP <ARS> 3RD QTR NET
Shr 1.54 dlrs vs 1.27 dlrs Net 7065000 vs 5812000 Nine mths Shr 4.25 dlrs vs 3.40 dlrs Net 19.5 mln vs 15.6 mln Assets 2.84 billion vs 1.87 billion Deposits 2.51 billion vs 1.67 billion NOTE: 1987 qtr and nine mths includes gain 2500000 dlrs or 54 cts per share from utilization of tax loss carryforward. 1986 qtr and ni...
APPLE BANK FOR SAVINGS <APPL.O> 3RD QTR NET
Bethlehem Steel Corp said prices for steel sheet products will be increased up to 30 dlrs a ton effective January 3. The increases will affect certain non-contract or spot transactions and will be achieved through reductions in competitive discounts. The company said transaction prices for contract accounts which have ...
BETHLEHEM STEEL <BS> SETS STEEL PRICE INCREASES
DOW JONES INDUSTRIAL AVERAGE UP 39 POINTS TO 1778 AT 1129 EDT, ADVANCE LOSES MOMENTUM
FED SAYS IT SETS TWO-DAY SYSTEM REPURCHASE AGEEMENTS
Shr 96 cts vs 83 cts Net 119.3 mln vs 102.8 mln Revs 1.01 billion vs 869.9 mln Nine mths Shr 2.53 dlrs vs 2.01 dlrs Net 313.6 mln vs 248.5 mln Revs 2.83 billion vs 2.52 billion NOTE: 1986 nine month earnings include nonrecurring loss of 9.9 mln dlrs or eight cents a share from purchase of 123.7 mln dlrs principal amoun...
KELLOGG CO <K> 3RD QTR NET
OHIO EDISON CO 3RD QTR SHR 60 CTS VS 57 CTS
Great Western Financial Corp said 1987 12 month earnings will be lower than the earnings of 300.8 mln dlrs on revenues of 3.77 billion dlrs it reported for 1986. The company cited a one-time write-off of its investment in the Federal Savings and Loan Insurance Corp secondary reserve a one-time higher federal tax rate r...
GREAT WESTERN <GWF> SEES LOWER 12 MTH EARNINGS
Poehl says chances for exchange rate stability are good
French Finance Minister Edouard Balladur has been in contact with several Finance Ministers from the Group of Seven leading industrial countries in particular West German Finance Minister Gerhard Stoltenberg to discuss the crisis on world markets Finance Ministry sources said. They did not say whether the contacts had ...
BALLADUR HAS HAD CONTACT WITH G-7 MINISTERS
CITICORP 3RD QTR NET 541 MLN DLRS VS 247 MLN DLRS
CITICORP 3RD QTR SHR 3.64 DLRS VS 1.64 DLRS
Toyota Motor Co expects its U.S. vehicle sales in 1988 will decline to about 875000 cars and trucks from roughly 930000 expected in 1987 a senior exeuctive said. Jim Perkins group vice president for sales and marketing for Toyotas U.S. sales subsidiary told reporters Toyotas expected decline will come principally in th...
TOYOTA <TOYO.T> SEES LOWER U.S. SALES IN 1988
LASMO Exploration (Canada) Ltd a subsidiary of London &amp; Scottish Marine Oil Plc &lt;LSML.L> is merging with &lt;Onyx Petroleum Exploration Co Ltd> LASMO said. The merger is to be made by Onyx buying LASMO Exploration in a share swap. A new company LASMO Canada Inc will be formed. LASMO will control 70 pct of the eq...
LASMO CANADA TO MERGE WITH ONYX PETROLEUM
Shr 31 cts vs 26 cts Net 1858000 vs 1388000 Sales 27.1 mln vs 18.7 mln Nine mths Shr 87 cts vs 76 cts Net 5126000 vs 3798000 Sales 70.6 mln vs 57.2 mln Reuter
REGAL-BELOIT CORP <RBC> 3RD QTR NET
Wells Fargo and Co said it anticipates a modest profit for the full year 1987. For the previous full year the company posted net of 273.5 mln dlrs or 5.03 dlrs per share. The company today reported a third quarterrofit of 155 mln dlrs or 2.77 dlrs per share compared with 77.4 mln dlrs or 1.35 dlrs per share. Wells Farg...
WELLS FARGO <WFC> SEES MODEST PROFIT FOR YEAR
&lt;H.B. Shaine and Co Inc> of Grand Rapids Mich. ceas its broker-dealer operations at the close of Oct 19 the New York Stock Exchange said. The firm reported that under such financial difficulty it could not continue to do business as a member firm of the NYSE according to the NYSE. Officials of the company could not ...
H.B. SHAINE CEASES BROKER-DEALER OPERATIONS
Aristech Chemical Corp the former chemicals subsidiary of USX Corp &lt;X> said it expects its earnings for 1987 to exceed analysts estimates of up to 2.50 dlrs a share. Aristech earlier reported net income of 18.7 mln dlrs or 72 cts a share compared with 14.4 mln dlrs or 56 cts a share in the year-earlier period on a p...
ARISTECH <ARS> SEES 1987 PROFITS OVER 2.50/SHR
Shr 21 cts vs 19 cts Net 2560000 vs 2359000 Revs 70.0 mln vs 56.0 mln Nine mths Shr 54 cts vs 42 cts Net 6574000 vs 5100000 Revs 207.7 mln vs 174.0 mln Reuter
BURNDY CORP <BDC> 3RD QTR OCT 2 NET
Shr 72 cts vs 74 cts Net 11.9 mln vs 11.9 mln Nine mths Shr 2.18 dlrs vs 2.18 dlrs Net 35.0 mln vs 34.6 mln Assets 4.6 billion vs 4.3 billlion Loans 3.1 billion vs 2.8 billion NOTE: 1986 3rd qtr includes securities after tax gain of 1519000 dlrs or 10 cts a share. Reuter
FIRST FLORIDA BANKS <FFBK> 3RD QTR NET
SCOTT PAPER CO 3RD QTR SHR 1.52 DLRS VS 1.02 DLRS
Mthly div 7.354 cts vs 8.362 cts prior Pay Jan 10 Record Oct 30 NOTE: Freeport-McMoRan Oil and Gas Royalty Trust. Reuter
FREEPORT-MCMORAN OIL AND GAS <FMR> PAYOUT OFF
Qtly div 17 cts vs 13 cts Pay Jan one Record Dec four Reuter
JANNOCK LTD <JN.TO> INCREASES QTLY DIVIDEND
Josephson International Inc said it repurchased 445874 common shares yesterday under an authorization to buy back up to 500000 shares and its board has authorized the further repurchase of another 500000 shares in the open market and privately. Reuter
JOSEPHSON <JSON.O> REPURCHASES 445,874 SHARES
Shr profit seven cts vs profit 32 cts Net profit 154398 vs profit 694521 Revs 17.7 mln vs 19.5 mln Year Shr profit 86 cts vs loss 50 cts Net profit 1862986 vs loss 1078535 Revs 78.2 mln vs 81.4 mln NOTE: 1987 year results include extraordinary credit of 459000 dlrs or 21 cts per shr due to utilization of tax loss carry...
J.W. MAYS INC <MAYS.O> 4TH QTR JULY 31 NET
Shr 45 cts vs 61 cts Net 504000 vs 683000 Nine mths Shr 1.83 dlrs vs 2.42 dlrs Net 2043000 vs 2183000 Reuter
ALLIANCE FINANCIAL CORP <ALFL.O> 3RD QTR NET
Qtr ended September 30. Shr 83 cts vs 75 cts Net 3053000 vs 2775000 Assets 1.2 billion vs 1.0 billion Deposits 851.8 mln vs 754.1 mln Loans 912.5 mln vs 798.1 mln Reuter
METROPOLITAN FEDERAL <MFTN.O> 1ST QTR NET
Rumors circulated among the trade this morning that the USSR may have purchased between one and two mln tonnes of U.S. corn but there was no confirmation. One dealer said he felt some business had been done but that the amount probably was on the low end of trade estimates. Reuter
RUMORS THAT USSR BUYS U.S. CORN - TRADERS
Period ended September 30. Shr 17 cts vs 10 cts Net 2.2 mln vs 1.3 mln Sales 40.6 mln vs 32.6 mln Reuter
ALTOS COMPUTER SYSTEMS <ALTO.O> 1ST QTR NET
Shr 65 cts vs 47 cts Net 17.7 mln vs 11.9 mln Revs 131.9 mln vs 128.4 mln Nine mths Shr 1.77 dlrs vs 1.02 dlrs Net 49.0 mln vs 27.0 mln Revs 341.7 mln vs 269.5 mln Reuter
JANNOCK LTD <JN.TO> 3RD QTR NET
Foothill Group Inc said its stock began trading Tuesday on the New York Stock Exchange under the symbol FGI. Foothills shares had been traded on the American Stock Exchange. Foothill is an independent commercial finance company which operates through two subsidiaries -- Foothill Capital Copr and Foothill Thrift and Loa...
FOOTHILL <FGI> TO TRADE ON NYSE
Shr 40 cts vs 75 cts Qtly div 15-1/2 cts vs 15-1/2 cts prior Net 11.7 mln vs 21.4 mln Revs 447.5 mln vs 445.2 mln Nine mths Shr 1.04 dlrs vs 1.99 dlrs Net 29.9 mln vs 56.8 mln Revs 1.30 billion vs 1.28 billion NOTE: Full name is Yellow Freight System Inc. Dividend is payable November 23 record November 9. Reuter
YELLOW FREIGHT SYSTEM <YELL.O> 3RD QTR NET
Shr 38 cts Net 1.3 mln vs 668000 Nine mths Shr 84 cts Net 2892000 vs 2200000 NOTE: Company converted to stock ownership in July Reuter
RALEIGH FEDERAL SAVINGS BANK <RFBK.O> 3RD QTR
Shr 32 cts vs 26 cts Net 722000 vs 597000 Nine mths Shr 92 cts vs 69 cts Net 2100000 vs 1500000 NOTE: full name of company is florida employers insurance co. Reuter
FLORIDA EMPLOYERS INSURANCE <FLAEF.O> 3RD QTR
Shr 61 cts vs 55 cts Net 726000 vs 669000 Nine mths Shr 1.78 dlrs vs 1.63 dlrs Net 2133000 vs 1960000 NOTE: Full name is First Oak Brook Bancshares Inc Reuter
FIRST OAK BROOK <FOBBA.O> 3RD QTR NET
Qtr ends Sept 30 Shr profit seven cts vs loss two cts Net profit 228691 vs loss 54115 Revs 2415419 vs 1389579 Avg shrs 3056787 vs 2933058 Reuter
UNITED SERVICE ADVISORS INC <USVSP.O> 1ST QTR
Gander Mountain Inc said shareholders at its annual meeting approved a doubling of authorized common shares to 10 million from five million for general corporate purposes. The company currently has an average of 2760000 common shares outstanding. It reported earnings for the first quarter ended Sept 30 of 25 cts a shar...
GANDER MOUNTAIN <GNDR.O> DOUBLES COMMON SHARES
Shr 46 cts vs 33 cts Net 2731000 vs 1928000 Sales 66.2 mln vs 58.8 mln Nine mths Shr seven cts vs 61 cts Net 6310000 vs 3579000 Sales 171.8 mln vs 141.9 mln Reuter
WOLOHAN LUMBER CO <WLHN.O> 3RD QTR NET
Bundesbank president Karl Otto Poehl said there were good chances for exchange rate stability. The chances for exchange rate stability are good he told reporters. Reuter
POEHL SEES GOOD CHANCES FOR CURRENCY STABILITY
Shr 37 cts vs 41 cts Net 1214000 vs 1316000 Nine mths Shr 1.06 dlrs Net 3408000 vs 2809000 Assets 204.8 mln vs 176.6 mln Deposit 154.0 mln vs 131.2 mln Loans 125.3 mln vs 100.7 mln NOTE: 1986 nine mths per share figures not available because bank converted to stock form in June of 1986. Reuter
TAUNTON SAVINGS BANK <TSBK.O> 3RD QTR NET
&lt;Gordon Investment Corp> said it plans to make an offer to acquire all of Pagecorp Incs class A and Class B shares for 9.25 dlrs cash per share. The bid is conditional upon an examination by Gordon of the business and affairs of Pagecorp during the 45 days ending December 3 1987. The proposed offer would be conditio...
GORDON TO MAKE BID TO ACQUIRE PAGECORP <PGOA.TO>
Shr profit seven cts vs loss 1.77 dlrs Net profit 446000 vs loss 9370000 Revs 15.0 mln vs 13.3 mln Six mths Shr profit eight cts vs loss 1.87 dlrs Net profit 523000 vs loss 9883000 Revs 27.1 mln vs 27.1 mln Avg shrs 5324464 vs 5324350 Note: Trillium Telephone Systems Inc Reuter
TRILLIUM TELEPHONE <TLM.TO> 2ND QTR NET
Shr loss 39 cts vs profit 19 cts Net loss 433424 vs profit 216117 Revs 6469001 vs 8221549 Reuter
TRANS-NATIONAL LEASING INC <TNLS.O> YEAR LOSS
The Brazilian Coffee Institute (IBC) has given shippers until close of business on Thursday to submit details of past export performance in order that individual quotas can be allocated an IBC spokesman said. He told Reuters IBC President Jorio Dauster has confirmed acceptance of National Coffee Policy Council (CNPC) p...
IBC SEEKS EXPORT DETAILS TO SET COFFEE QUOTAS
Honeywell Inc said its board of directors elected its president Dr James Renier 57 as chief executive officer to succeed Edson Spencer who will continue as chairman of the board. Reuter
HONEYWELL <HON> ELECTS NEW CHIEF EXECUTIVE
Shr 55 cts vs 75 cts Net 218000 vs 269000 Nine mths Shr 2.15 dlrs vs 3.45 dlrs Net 855000 vs 920000 Assets 175.8 mln vs 166.9 mln Deposits 159.8 mln vs 154.3 mln Loans 155.7 mln vs 142.6 mln NOTE: 1987 nine mths includes gain 96000 dlrs or 24 cts per share from utilization of operating loss carryforward. 1986 qtr and n...
ELMIRA SAVINGS BANK FSB <ESBK.O> 3RD QTR NET
Period ended September 26 Shr 28 cts vs 14 cts Net 3300000 vs 1300000 Sales 24.7 mln vs 11.2 mln Avg shrs 11871751 vs 9398952 Nine mths Shr 76 cts vs 35 cts Net 9000000 vs 3200000 Sales 69.3 mln vs 32.0 mln Avg shrs 11833883 vs 9059692 Reuter
GOLDEN VALLEY MICROWAVE <GVMF.O> 3RD QTR NET
Shr 77 cts vs nil Net 417000 vs 1000 Nine mths Shr 2.39 dlrs vs 84 cts Net 1298000 vs 443000 Assets 290.7 mln vs 296.6 mln NOTE: full name of company is home federal savings and loan association of the rockies. Reuter
HOME FEDERAL SAVINGS/ROCKIES <HROK.O> 3RD QTR
AMOCO CORP 3RD QTR SHR 1.60 DLRS VS 68 CTS
Shr 19 cts vs 38 cts Net 397000 vs 788000 Nine mths Shr 80 cts vs 1.19 dlrs Net 1674000 vs 2455000 Reuter
WESTPORT BANCORP INC <WBAT.O> 3RD QTR NET
The European Communitys farmers pressure group Copa has urged EC farm ministers to agree a tax on vegetable proteins similar to the oils and marine fats tax which has already been proposed by the EC Commission. Copa president Hans Kjeldsen told a news conference on Tuesday he had also urged ministers to seek a similar ...
COPA URGES TAX ON VEGETABLE PROTEINS
Allied Irish Banks Plc &lt;ALBK.L> said it plans to open a Tokyo office. Initially it will be a representative office but the company said it hopes to have a full banking licence in about two years. REUTER
ALLIED IRISH BANKS OPENS TOKYO OFFICE
Shr 60 cts vs 57 cts Net 103.7 mln vs 96.5 mln Revs 472.5 mln vs 434.1 mln Avg shrs 152.3 mln vs 147.0 mln 12 mths Shr 2.60 dlrs vs 2.44 dlrs Net 393.1 mln vs 347.1 mln Revs 1.79 billion vs 1.76 billion Avg shrs 150.9 mln vs 142.2 mln Reuter
OHIO EDISON CO <OEC> 3RD QTR NET
Oper shr 71 cts vs 78 cts Oper net 42.9 mln vs 46.6 mln Revs 294.0 mln vs 274.9 mln Avg shrs 55.5 mln vs 54.0 mln Nine mths Oper shr 2.88 dlrs vs 3.07 dlrs Oper net 169.2 mln vs 181.5 mln Revs 993.4 mln vs 961.4 mln Avg shrs 55.2 mln vs 54.0 mln 12 mths Oper shr 3.67 dlrs vs 3.76 dlrs Oper net 216.2 mln vs 224.4 mln Re...
NEW YORK STATE ELECTRIC/GAS CORP <NGE> 3RD QTR
Shr profit 3.64 dlrs vs profit 1.64 dlrs Net profit 541 mln vs profit 247 mln Nine mths Shr loss 13.30 dlrs vs profit 5.11 dlrs Net loss 1.78 billion vs profit 752 mln NOTE: Net in nine mths 1987 vs 1986 includes provision for possible credit losses of 4.19 billion vs 1.32 billion. Net in qtr 1987 vs 1986 includes prov...
CITICORP <CCI> 3RD QTR NET
Sparebanken Rogaland a large Norwegian savings bank has in place a 200 mln dlr euro-certificate of deposit program First Interstate Bank of California said as arranger. Dealers for the program are First Interstate First Chicago Ltd Merrill Lynch Capital Markets and Manufacturers Hanover Ltd. First Chicago will be issui...
NORWAY'S SPAREBANKEN ROGALAND GETS EURO-CD PROGRAM
Shr 42 cts vs 34 cts Net 2945000 vs 2400000 Sales 146.8 mln vs 117.2 mln Nine mths Shr 2.45 dlrs vs 2.35 dlrs Net 17280000 vs 16366000 Sales 465.6 mln vs 387.8 mln Avg shrs 7046000 vs 6961000 NOTE: 1986 data restated for changes in method of accounting for pensions Reuter
COLEMAN CO INC <CLN> 3RD QTR NET
Minneapolis investor Irwin Jacobs said he sold the stake he held in Gillette Co &lt;GS> after deciding that he could not force Gillette to accept a 47 dlr a share takeover bid made by Revlon Group Inc &lt;REV>. Revlons bid expired last week after being repeatedly rejected by Gillette. Jacobs had earlier considered wagi...
JACOBS SELLS STAKE IN GILLETTE <GS>
MARTIN MARIETTA SAID IT EXPECTS TO AWARD HERCULES 500 MLN DLR ROCKET MOTOR CONTRACT
Transamerica Corps Transamerica Insurance Co said it signed a definitive pact to buy a 51 pct interest in Sedgwick Group PLCs River Thames Insurance Co. Transamerica will buy 11 mln newly issued Class A shares of River Thames for 2.23 dlrs per share. Sedgwick wil retain a 49 pct interest in River Thames which is a prop...
TRANSAMERICA <TA> TO BUY SEDGWICK <SDWK.L> UNIT
FANNIE MAE RAISES 3RD QTR DIVIDEND TO 12 CTS PER SHR FROM EIGHT CTS
Shr 16 cts vs 17 cts Net 988000 vs 1005000 Revs 19.7 mln vs 16.4 mln Avg shrs 6206487 vs 5959028 Six Mths Shr 31 cts vs 28 cts Net 1884000 vs 1662000 Revs 37.5 mln vs 30.8 mln Avg shrs 6168105 vs 5950842 Reuter
INTERMEC CORP <INTR.O> 2ND QTR SEPT 30 NET
Shr 30 cts vs 73 cts Net 3992000 vs 852600 Nine Mths Shr 1.72 dlrs vs 1.74 dlrs Net 22110000 vs 20379000 Avg shrs 13459000 vs 11740000 Note: Prior nine month figures include extraordinary after-tax loss of 10.9 mln dlrs or 93 cts per share. Reuter
HOMESTEAD FINANCIAL CORP <HFL> 3RD QTR NET
The American Stock Exchange said market volatility may result in inaccurate price quotations on certain vendor price machines. The Exchange said this volatility has resulted in digits being deleted from certain vendor machines. Reuter
AMEX ISSUES WARNING ON VENDOR PRICE QUOTES
The Kansas City Board of Trade said it has halted trading in Value Line stock index futures. The exchange said the move follows the halt in trading in futures futures-options and options at several other exchanges because many of the underlying stocks that make up the indexes have stopped trading. The exchange said tra...
KCBT HALTS TRADING IN VALUE LINE STOCK FUTURES
Oakwood Homes Corp said it was beginning a stock repurchase program under which it may purchase up to 400000 shares or about seven pct of its common stock. Oakwood said purchase will be made from time to time as conditions permit on the open market and in privately negotiated transactions. Reuter
OAKWOOD HOMES <OH> BEGINS STOCK REPURCHASE
Audio/Video Affiliates Inc said it has authorized the purchase of up to 2.5 mln shares of its common stock in market transactions from time to time. The company said the purchases were authorized because it believes the market price of the stock is less than its underlying value. Audio/Video said general funds of the c...
AUDIO/VIDEO AFFILIATES <AVA> TO PURCHASE SHARES
Global Petroleum Corp said it had raised the contract prices for heavy fuel oil from 25 cts to one dlr per barrel effective today. The company said 0.3 pct fuel oil is up one dlr a barrel to 22.25 dlrs a barrel. They said 0.5 pct fuel oil is up by 50 cts to 21.95 dlrs a barrel. Global raised one pct fuel oil by 35 cts ...
GLOBAL PETROLEUM <GNR> UPS HEAVY FUEL PRICES
Shr 17 cts vs 15 cts Net 565000 vs 502000 Revs 20.0 mln vs 14.5 mln Note: Current qtr figures include tax loss carryforward credit of 194000 dlrs vs credit of 197000 dlrs. Reuter
SILVERCREST CORP <SLV> 1ST QTR SEPT 30 NET
NYSE SAID NY FUTURES EXCHANGE IS CLOSED AFTER OTHER US INDEX PRODUCTS CLOSE
Donald Regan President Reagans former chief of staff said the government should loosen the money supply try to keep interest rates down and try to reduce the federal budget and trade deficits to avoid a recession. I think what we have to face now is trying to preserve our economy the one-time chairman of Merrill Lynch ...
DONALD REGAN SAYS U.S. SHOULD EASE CREDIT SUPPLY
USX Corp said it has authorized the repurchase of up to 20 mln shares of common stock. This action has been under study and consideration since we announced our financial restructuring earlier this year said chairman David Roderick. It reflects the very strong financial position of the corporation and enables us to tak...
USX <USX> TO BUY BACK UP TO 20 MLN SHARES
The Canadian unit of General Motors Corp and the union representing its 40000 workers remain far apart over local issues in contract talks two days from a threatened strike a union spokesman said. The deepest divisions appeared to be between General Motors of Canada Ltd and the Canadian Auto Workers local representing ...
GM CANADA, WORKERS FAR APART IN TALKS - UNION
Shr 41 cts vs 80 cts Net 40.3 mln vs 78.9 mln Nine mths Shr 1.58 dlrs vs 2.40 dlrs Net 155.0 mln vs 223.3 mln Avg shrs 98353350 vs 92967487 Assets 27.48 billion vs 27.60 billion Loans 22.75 billion vs 19.00 billion Deposits 21.45 billion vs 21.31 billion Reuter
H.F. AHMANSON AND CO <AHM> 3RD QTR NET
VF Corp said it increased its quarterly cash dividend to 21 cts per share from 18 cts a share. The company said the dividend is payable December 18 to shareholders of record December eight. Reuter
VF CORP <VFC> BOOSTS DIVIDEND
Shr 50 cts vs 37 cts Net 16.1 mln vs 9390000 Revs 168.1 mln vs 111.3 mln Avg shrs 12.5 mln vs 11.6 mln Nine mths Shr 1.31 dlrs vs 86 cts Net 16.1 mln vs 9390000 Revs 445.8 mln vs 244.6 mln Avg shrs 12.4 mln vs 10.9 mln Reuter
JWP INC <JWP> 3RD QTR NET
Shr 32 cts vs not given Net 1041000 vs 43000 Nine mths Shr 1.09 dlrs vs not given Net 3586000 vs 764000 NOTE: Company went public in October 1986. Reuter
PEOPLES SAVINGS BANK <PEBW.O> 3RD QTR NET
Qtlry div 20 cts vs 18 cts prior Pay Nov 20 Record Oct 30 Reuter
SUSQUEHANNA BANCSHARES INC <SUSQ.O> HIKES DIVI
TW SERVICES INC REPORTS THIRD QTR PER SHARE OF 38 CTS VS 28 CTS.
Prime Computer Inc said it will periodically repurchase an unspecified number of its common stock on the open market. The company has 49.1 mln shares outstanding. It said it stock will be bought in periods of price weakness and that the stock will be used for the companys restricted stock and employee stock purchase pl...
PRIME COMPUTER <PRM> TO BUY BACK STOCK
Shr profit three cts vs profit 36 cts Net profit 1800000 vs profit 19.2 mln Nine mths Shr profit 1.22 dlrs vs loss 44 cts Net 64.7 mln vs loss 23.5 mln NOTE: 1986 3rd qtr and nine months includes a profit of 2.8 mln dlrs and a loss of 66.7 mln dlrs from discontinued operations. Earnings per share are reported after pay...
TEXAS EASTERN CORP <TET> 3RD QTR NET
Phillips Petroleum Corp said it raised the contract price it will pay for all grades of crude oil by 50 cts a barrel effective Oct 16. The increase brings the companys postings for the West Texas Intermediate and West Texas Sour grades to 19.00 dlrs a barrel. Phillips last changed it crude oil postings on Sept 9. Reute...
PHILLIPS <P> RAISES CRUDE OIL PRICES
Shr 31 cts vs 26 cts Net 3308000 vs 1512000 Revs 6467000 vs 2590000 Avg shrs 10.7 mln vs 5788594 Nine mths Shr 1.32 dlrs vs 1.17 dlrs Net 10.2 mln vs 3041000 Revs 18.7 mln vs 5682000 Avg shrs 10.7 mln vs 3780626 Reuter
MEDITRUST SBI <MT> 3RD QTR NET
Net profit and sales for the Pirelli groups worldwide activities should both grow well in 1987 said Jacopo Vittorelli chief executive of Societe Internationale Pirelli SA &lt;PIRI.Z>. Sales rose 17.5 pct to 2.75 billion dlrs in the first half of 1987 and Vittorelli told reporters they were likely to show the same perce...
PIRELLI SEES RISE IN 1987 GROUP PROFITS, SALES